EXPENSE CAP/REIMBURSEMENT AGREEMENT
EXPENSE CAP/REIMBURSEMENT AGREEMENT
This Agreement is entered into as of the day of , 2019, between Frontegra Asset Management, Inc. (the “Adviser”) and Frontier Funds, Inc. (the “Corporation”), on behalf of the Frontier Caravan Emerging Markets Fund (the “Fund”).
WHEREAS, the Adviser desires to contractually agree to waive a portion of its advisory fee or reimburse certain of the Fund’s operating expenses to ensure that the Fund’s total operating expenses do not exceed the levels described below.
NOW THEREFORE, the parties agree as follows:
The Adviser agrees that, for the term of this Agreement, it will reduce its compensation as provided for in the Investment Advisory Agreement between the Corporation on behalf of the Fund and the Adviser and/or assume expenses for the Fund to the extent necessary to ensure that the Fund’s total operating expenses, excluding taxes, interest, brokerage commissions and other costs relating to portfolio securities transactions (including the costs, fees and expenses associated with the Fund’s investments in other investment companies) and other extraordinary expenses, do not exceed the following percentages on an annual basis of the average daily net assets attributable to the Fund’s Institutional Class and Service Class shares, as applicable:
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Institutional |
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Service |
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Frontier Caravan Emerging Markets Fund |
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0.80 |
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0.95 |
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The Adviser is entitled to recoup the fees waived/expenses reimbursed from the Fund within a three-year period from the date of the waiver or expense payment if such reimbursement will not cause the Fund to exceed the lesser of: (a) the expense limitation in place at the time of the waiver and/or expense payment; or (b) the expense limitation in place at the time of the recoupment.
This Agreement shall continue in effect until October 31, 2021. Thereafter this Agreement shall automatically continue thereafter for successive renewal terms of one year each, unless either party notifies the other party of its desire to terminate this Agreement prior to such renewal. This Agreement may only be terminated prior to the end of the current term by, or with the consent of, the Board of Directors of the Corporation.
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FRONTEGRA ASSET MANAGEMENT, INC. | |
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By: |
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Xxxxxxx X. Xxxxxxx III |
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President |
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By: |
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Xxxxxxx X. Xxxxxxx III |
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President |
