EXPENSE LIMITATION AND MANAGEMENT FEE WAIVER AGREEMENT BETWEEN EACH OF THE
EXPENSE LIMITATION AND MANAGEMENT FEE WAIVER AGREEMENT BETWEEN EACH OF THE
X. Xxxx Price All-Cap Opportunities Fund, Inc.
X. Xxxx Price Balanced Fund, Inc.
X. Xxxx Price Blue Chip Growth Fund, Inc.
X. Xxxx Price Capital Appreciation Fund, Inc.
X. Xxxx Price Communications & Technology Fund, Inc.
X. Xxxx Price Corporate Income Fund, Inc.
X. Xxxx Price Credit Opportunities Fund, Inc.
X. Xxxx Price Diversified Mid-Cap Growth Fund, Inc.
X. Xxxx Price Dividend Growth Fund, Inc.
X. Xxxx Price Equity Funds, Inc.
X. Xxxx Price Equity Income Fund, Inc.
X. Xxxx Price Equity Series, Inc.
X. Xxxx Price Financial Services Fund, Inc.
X. Xxxx Price Fixed Income Series, Inc.
X. Xxxx Price Floating Rate Fund, Inc.
X. Xxxx Price Global Allocation Fund, Inc.
X. Xxxx Price Global Funds, Inc.
X. Xxxx Price Global Multi-Sector Bond Fund, Inc.
X. Xxxx Price Global Real Estate Fund, Inc.
X. Xxxx Price Global Stock Fund, Inc.
X. Xxxx Price Global Technology Fund, Inc.
X. Xxxx Price GNMA Fund, Inc.
X. Xxxx Price Government Money Fund, Inc.
X. Xxxx Price Health Sciences Fund, Inc.
X. Xxxx Price High Yield Fund, Inc.
X. Xxxx Price Index Trust, Inc.
X. Xxxx Price Inflation Protected Bond Fund, Inc.
X. Xxxx Price Institutional Income Funds, Inc.
X. Xxxx Price Integrated Equity Funds, Inc.
X. Xxxx Price Intermediate Tax-Free High Yield Fund, Inc.
X. Xxxx Price International Funds, Inc.
X. Xxxx Price International Index Fund, Inc.
X. Xxxx Price International Series, Inc.
X. Xxxx Price Limited Duration Inflation Focused Bond Fund, Inc.
X. Xxxx Price Mid-Cap Growth Fund, Inc.
X. Xxxx Price Mid-Cap Value Fund, Inc.
X. Xxxx Price Multi-Strategy Total Return Fund, Inc.
X. Xxxx Price New Era Fund, Inc.
X. Xxxx Price New Horizons Fund, Inc.
X. Xxxx Price New Income Fund, Inc.
X. Xxxx Price QM U.S. Bond Index Fund, Inc.
X. Xxxx Price Real Assets Fund, Inc.
X. Xxxx Price Real Estate Fund, Inc.
X. Xxxx Price Science & Technology Fund, Inc.
X. Xxxx Price Short-Term Bond Fund, Inc.
X. Xxxx Price Small-Cap Stock Fund, Inc.
X. Xxxx Price Small-Cap Value Fund, Inc.
X. Xxxx Price Spectrum Funds II, Inc.
X. Xxxx Price State Tax-Free Funds, Inc.
X. Xxxx Price Summit Municipal Funds, Inc.
X. Xxxx Price Tax-Efficient Funds, Inc.
X. Xxxx Price Tax-Exempt Money Fund, Inc.
X. Xxxx Price Tax-Free High Yield Fund, Inc.
X. Xxxx Price Tax-Free Income Fund, Inc.
X. Xxxx Price Tax-Free Short-Intermediate Fund, Inc.
X. Xxxx Price Total Return Fund, Inc.
X. Xxxx Price U.S. Equity Research Fund, Inc.
X. Xxxx Price U.S. Large-Cap Core Fund, Inc.
X. Xxxx Price U.S. Treasury Funds, Inc.
and
X. Xxxx Price Value Fund, Inc. (each, a “Corporation,” and collectively, the “Corporations”), SEPARATELY,
and
X. Xxxx Price Associates, Inc.
This EXPENSE LIMITATION AND MANAGEMENT FEE WAIVER AGREEMENT (the “Agreement”), effective with respect to each Fund and as of the date indicated in the Schedules of this Agreement, is entered into between X. Xxxx Price Associates, Inc. (the “Manager”), a corporation organized and existing under the laws of the State of Maryland, and each Corporation, each of which is organized and existing under the laws of the State of Maryland, on behalf of itself or on behalf of its series and/or its separate share classes, as applicable (each, a “Fund” or a “Class”).
WHEREAS, the Manager is an investment adviser registered with the U.S. Securities and Exchange Commission (the “SEC”) under the Investment Advisers Act of 1940, as amended;
WHEREAS, each Fund is a series of a Corporation that is an open-end management investment company registered as such with the SEC under the Investment Company Act of 1940, as amended (the “1940 Act”);
WHEREAS, pursuant to each Fund's Investment Management Agreement with the Manager (each, a "Management Agreement"), the Fund pays the Manager a fee for investment management services ("Management Fee");
WHEREAS, with respect to certain Funds, the applicable Corporation’s Board of Directors has approved the issuance of one or more of the following separate Classes of shares of the Fund: Investor Class, Advisor Class, I Class, R Class, Z Class, Institutional Class, F Class, Portfolio Class, and/or Portfolio II Class, as applicable; and
WHEREAS, each Corporation’s Board of Directors has determined that it is in the best interests of each applicable Fund and/or Class to enter into the expense limitation and/or management fee waiver arrangements specified in Schedules 1 and 2 attached hereto, as may be amended from time to time, each of which is described below.
NOW, THEREFORE, the Manager and the Corporation, on behalf of each applicable Fund and its applicable Classes, hereby agree as follows:
1. Total Expense Ratio Limitations.
For each Fund and/or Class (as applicable) designated as having a total expense ratio limitation in Schedule 1, the Manager agrees to waive or pay any of the Fund and/or Class’ (as applicable) operating expenses, but excluding interest; expenses related to borrowings, taxes, and brokerage; nonrecurring, extraordinary expenses; and acquired fund fees and expenses (collectively, “Class Expenses”), or reimburse the Fund or Class (as applicable) for Class Expenses, to the extent Class Expenses exceed the limitation set forth on Schedule 1, on an annualized basis, of the Fund’s or Class’ (as applicable) average daily net assets (each hereinafter referred to as a “Total Expense Ratio Limitation”). Any Class Expenses waived or paid by the Manager pursuant to a Total Expense Ratio Limitation are subject to reimbursement to the Manager by the Fund or Class (as applicable) whenever Class Expenses are below the Total Expense Ratio Limitation for the Fund or Class (as applicable) set forth on Schedule 1. However, no reimbursement will be made more than three years after the waiver or payment of Class Expenses by the Manager or if such reimbursement would result
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in the Class Expenses exceeding the limitation set forth on Schedule 1. The Manager will not waive or reduce its management fee for any particular Class under a total expense ratio limitation.
2. Operating Expense Limitations.
For each Fund and/or Class designated as having an operating expense limitation in Schedule 1, the Manager agrees to pay any of the Fund’s and/or Class’ (as applicable) operating expenses excluding management fees; interest; expenses related to borrowings, taxes, and brokerage; nonrecurring, extraordinary expenses; and acquired fund fees and expenses (collectively, “Class Operating Expenses”), or reimburse the Fund and/or Class (as applicable) for Class Operating Expenses to the extent Class Operating Expenses exceed the limitation as set forth on Schedule 1, on an annualized basis, of the Fund’s and/or Class’ (as applicable) average daily net assets (hereinafter referred to as the “Operating Expense Limitation”). Any Class Operating Expenses paid by the Manager pursuant to the Operating Expense Limitation are subject to reimbursement to the Manager by the Fund and/or Class (as applicable) whenever the Class Operating Expenses are below the Operating Expense Limitation for the Fund or Class (as applicable) set forth on Schedule 1. However, no reimbursement will be made more than three years after the payment of Class Operating Expenses by the Manager or if such reimbursement would result in the Class Operating Expenses exceeding the limitation as set forth on Schedule 1.
3. Management Fee Limitations. For each Fund designated as having a management fee limitation in Schedules 1 or 2:
(a) The Manager agrees to waive a portion of its Management Fees for the Fund for the period set forth on Schedules 1 or 2.
(b) The Fund’s Management Fee shall be computed in accordance with its Management Agreement.
4. Amendment and Termination of Total Expense Ratio Limitations and Operating Expense Limitations (excluding Z Classes).
Each Total Expense Ratio Limitation and Operating Expense Limitation will continue with respect to each Fund and/or Class at least through the date set forth on Schedule 1 (the “Termination Date”). Thereafter, this Agreement may continue for such period of time beyond the Termination Date and for such limit on Class Expenses and/or Class Operating Expenses as the Manager may agree, provided that the Board of Directors of the applicable Corporation, including a majority of the directors who are not interested persons of the Corporation (as defined in the 1940 Act), approves such continuation and new limit on Class Expenses and/or Class Operating Expenses (as applicable). This Agreement may be terminated at any time beyond the Termination Date with approval by the applicable Corporation’s Board of Directors, including a majority of the directors who are not interested persons of the Corporation. This Agreement will terminate automatically upon termination of the applicable Fund’s Management Agreement. Amendment or termination of this Agreement does not require approval by shareholders of the applicable Fund or Class.
3
5. Amendment and Termination of Total Expense Ratio Limitations – Z Classes.
Each Total Expense Ratio Limitation that applies to a Z Class of a Fund may only be amended with the written consent of the Manager and the Fund. In the case of the Fund, an amendment must be approved by the applicable Corporation’s Board of Directors, including a majority of the directors who are not interested persons of the Corporation. Each Total Expense Ratio Limitation that applies to a Z Class of a Fund may not be terminated without the approval by the applicable Corporation’s Board of Directors, including the approval of a majority of the directors who are not interested persons of the Corporation, provided that each Total Expense Ratio Limitation that applies to a Z Class will terminate automatically upon termination of the applicable Management Agreement. Amendment or termination of each Total Expense Ratio Limitation that applies to a Z Class of a Fund does not require approval by shareholders of the Fund or its separate classes of shares.
6. Amendment and Termination of Management Fee Waivers.
(a) Each management fee waiver will continue with respect to a Fund at least through the date indicated in Schedules 1 or 2, as applicable, and renew automatically thereafter for a one-year term unless the Board of Directors of the applicable Corporation, including a majority of the directors who are not interested persons of the Corporation, approves the modification or termination of the Agreement with respect to the Fund. This Agreement will terminate automatically with respect to a Fund upon termination of its Management Agreement. Amendment or termination of this Agreement with respect to a Fund does not require approval of the Fund’s shareholders.
(b) Any management fees waived with respect to a Fund under this Agreement are not subject to reimbursement to the Manager by the Fund.
7. Separate Agreement
This Agreement shall be deemed to constitute a separate agreement between the Manager and each Corporation, on behalf of each Fund.
IN WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the date stated in the preamble.
EACH CORPORATION ON BEHALF OF EACH FUND IDENTIFIED ON SCHEDULES 1 AND 2 ATTACHED HERETO | X. XXXX PRICE ASSOCIATES, INC. |
/s/Xxxxx Xxxxxxxxxxx Xx: ____________________________________ Executive Vice President |
/s/Xxxx X. Xxxxxxx-Matz By:
__________________________________ Vice President |
4
Schedule 1, last amended May 10, 2023
Funds with a 10/31 Fiscal Year End
Fund | Limitation Period | Total
Expense | Operating | Management
Fee | Reimbursement |
Africa & Middle East Fund | March 1, 2022 – February 29, 2024 | 1.30 | — | — | (b) |
Africa & Middle East Fund—I Class | March 1, 2022 – February 29, 2024 | — | 0.05 | — | (a) |
Africa & Middle East—Z Class | Effective October 26, 2020 (f) | 0.00 | — | — | (c) |
Asia Opportunities Fund | March 1, 2023 – February 28, 2025 | 1.15 | — | — | (b) |
Asia Opportunities Fund—Advisor Class | March 1, 2023 – February 28, 2025 | 1.25 | — | — | (b) |
Asia Opportunities Fund—I Class | March 1, 2023 – February 28, 2025 | — | 0.05 | — | (a) |
China Evolution Equity Fund | March 1, 2022 – February 29, 2024 | 1.40 | — | — | (b) |
China Evolution Equity Fund—I Class | March 1, 2022 – February 29, 2024 | — | 0.05 | — | (a) |
Emerging Europe Fund | March 1, 2022 – February 29, 2024 | 1.41 | — | — | (b) |
Emerging Europe Fund—I Class | March 1, 2022 – February 29, 2024 | — | 0.05 | — | (a) |
Emerging Europe Fund—Z Class | Effective October 26, 2020 (f) | 0.00 | — | — | (c) |
Emerging Markets Discovery Stock Fund | May 1, 2023 – February 28, 2025 | 1.13 | — | — | (b) |
Emerging Markets Discovery Stock Fund—Advisor Class | May 1, 2023 – February 28, 2025 | 1.55 | — | — | (b) |
Emerging Markets Discovery Stock Fund—I Class | March 1, 2023 – February 28, 2025 | — | 0.05 | — | (a) |
Emerging Markets Discovery Stock Fund—Z Class | Effective March 16, 2020 (f) | 0.00 | — | — | (c) |
Emerging Markets Stock Fund—I Class | March 1, 2022 – February 29, 2024 | — | 0.05 | — | (a) |
Emerging Markets Stock Fund—Z Class | Effective March 16, 2020 (f) | 0.00 | — | — | (c) |
European Stock Fund—I Class | March 1, 2023 – February 28, 2025 | — | 0.05 | — | (a) |
European Stock Fund—Z Class | Effective October 26, 2020 (f) | 0.00 | — | — | (c) |
Global Allocation Fund—Advisor Class | March 1, 2022 – February 29, 2024 | 1.15 | — | — | (b) |
Global Allocation Fund—I Class | March 1, 2022 – February 29, 2024 | — | 0.05 | — | (a) |
Global Impact Equity Fund | March 1, 2023 – February 28, 2025 | 0.94 | — | — | (b) |
Global Impact Equity Fund—I Class | March 1, 2023 – February 28, 2025 | — | 0.10 | — | (a) |
Global Growth Stock Fund—Advisor Class | March 1, 2023 – February 28, 2025 | 1.10 | — | — | (b) |
Global Growth Stock Fund—I Class | March 1, 2023 – February 28, 2025 | — | 0.05 | — | (a) |
Global Stock Fund—Advisor Class | June 1, 2023 – February 28, 2025 | 1.24 | — | — | (b) |
Global Stock Fund—I Class | March 1, 2023 – February 28, 2025 | — | 0.05 | — | (a) |
Global Value Equity Fund | March 1, 2022 – February 29, 2024 | 0.89 | — | — | (a) |
Global Value Equity Fund—I Class | March 1, 2022 – February 29, 2024 | — | 0.05 | — | (a) |
Institutional International Disciplined Equity Fund | March 1, 2023 – February 28, 2025 | 0.75 | — | — | (b) |
International Disciplined Equity Fund | March 1, 2023 – February 28, 2025 | 0.90 | — | — | (b) |
International Disciplined Equity Fund—Advisor Class | March 1, 2023 – February 28, 2025 | 1.00 | — | — | (b) |
International Disciplined Equity Fund—I Class | March 1, 2023 – February 28, 2025 | — | 0.05 | — | (a) |
International Discovery Fund—I Class | March 1, 2022 – February 29, 2024 | — | 0.05 | — | (a) |
5
Fund | Limitation Period | Total
Expense | Operating | Management
Fee | Reimbursement |
International Discovery Fund—Z Class | Effective October 26, 2020 (f) | 0.00 | — | — | (c) |
International Equity Index Fund | August 1, 2021 – February 29, 2024 | 0.31 | — | — | (b) |
International Equity Index Fund—Z Class | Effective November 2, 2020 (f) | 0.00 | — | — | (c) |
International Stock Fund—Advisor Class | June 1, 2023 – February 29, 2024 | 1.24 | — | — | (b) |
International Stock Fund—I Class | March 1, 2022 – February 29, 2024 | — | 0.05 | — | (a) |
International Stock Fund—R Class | March 1, 2022 – February 29, 2024 | 1.40 | — | — | (b) |
International Stock Fund—Z Class | Effective March 16, 2020 (f) | 0.00 | — | — | (c) |
International Value Equity Fund—Advisor Class | June 1, 2023 – February 29, 2024 | 1.24 | — | — | (b) |
International Value Equity Fund—I Class | March 1, 2022 – February 29, 2024 | — | 0.05 | — | (a) |
International Value Equity Fund—R Class | June 1, 2023 – February 29, 2024 | 1.49 | — | — | (b) |
International Value Equity Fund—Z Class | Effective March 16, 2020 (f) | 0.00 | — | — | (c) |
Japan Fund—I Class | March 1, 2023 – February 28, 2025 | — | 0.05 | — | (a) |
Japan Fund—Z Class | Effective October 26, 2020 (f) | 0.00 | — | — | (c) |
Latin America Fund—I Class | March 1, 2023 – February 28, 2025 | — | 0.05 | — | (a) |
Latin America Fund—Z Class | Effective October 26, 2020 (f) | 0.00 | — | — | (c) |
Multi-Strategy Total Return Fund | March 1, 2022 – February 29, 2024 | 1.19 | — | — | (b) |
Multi-Strategy Total Return Fund— Advisor Class | March 1, 2022 – February 29, 2024 | 1.60 | — | — | (b) |
Multi-Strategy Total Return Fund—I Class | March 1, 2022 – February 29, 2024 | — | 0.05 | — | (a) |
New Asia Fund—I Class | March 1, 2022 – February 29, 2024 | — | 0.05 | — | (a) |
New Asia Fund—Z Class | Effective October 26, 2020 (f) | 0.00 | — | — | (c) |
Overseas Stock Fund | March 1, 2023 – February 29, 2024 | — | — | 0.2975(g) | (c) |
Overseas Stock Fund—Advisor Class | June 1, 2023 – February 29, 2024 | 1.24 | — | — | (b) |
Overseas Stock Fund—Advisor Class | March 1, 2023 – February 29, 2024 | — | — | 0.2975(g) | (c) |
Overseas Stock Fund—I Class | March 1, 2022 – February 29, 2024 | — | 0.05 | — | (a) |
Overseas Stock Fund—I Class | March 1, 2023 – February 29, 2024 | — | — | 0.2975(g) | (c) |
Overseas Stock Fund—Z Class | Effective March 16, 2020 (f) | 0.00 | — | — | (c) |
QM U.S. Bond Index Fund | March 1, 2023 – February 28, 2025 | 0.25 | — | — | (b) |
QM U.S. Bond Index Fund—I Class | March 1, 2023 – February 28, 2025 | — | 0.05 | — | (a) |
QM U.S. Bond Index Fund—Z Class | Effective October 1, 2020 (f) | 0.00 | — | — | (c) |
Summit Municipal Income Fund—I Class | March 1, 2023 – February 28, 2025 | — | 0.05 | — | (a) |
Summit Municipal Intermediate Fund— I Class | March 1, 2023 – February 28, 2025 | — | 0.05 | — | (a) |
6
Funds with a 12/31 Fiscal Year End
Fund | Limitation Period | Total Expense | Operating | Management
Fee | Reimbursement |
All-Cap Opportunities Fund—Advisor Class | June 1, 2023 – April 30, 2024 | 1.24 | — | — | (b) |
All-Cap Opportunities Fund—I Class | May 1, 2022 – April 30, 2024 | — | 0.05 | — | (a) |
Balanced Fund—I Class | May 1, 2022 – April 30, 2024 | — | 0.05 | — | (a) |
Blue Chip Growth Fund—Advisor Class | June 1, 2023 – April 30, 2024 | 1.15 | — | — | (b) |
Blue Chip Growth Fund—I Class | May 1, 2022 – April 30, 2024 | — | 0.05 | — | (a) |
Blue Chip Growth Fund—R Class | June 1, 2023 – April 30, 2024 | 1.40 | — | — | (b) |
Blue Chip Growth Fund—Z Class | Effective October 26, 2020 (f) | 0.00 | — | — | (c) |
Capital Appreciation and Income Fund | May 10, 2023 – April 30, 2025 | 0.65 | — | — | (b) |
Capital Appreciation and Income Fund—I Class | May 10, 2023 – April 30, 2025 | — | 0.05 | — | (a) |
Capital Appreciation Fund | May 1, 2023 – April 30, 2024 | — | — | 0.27(d) | (c) |
Capital Appreciation Fund—Advisor Class | June 1, 2023 – April 30, 2024 | 1.19 | — | — | (b) |
Capital Appreciation Fund—Advisor Class | May 1, 2023 – April 30, 2024 | — | — | 0.27(d) | (c) |
Capital Appreciation Fund—I Class | May 1, 2022 – April 30, 2024 | — | 0.05 | — | (a) |
Capital Appreciation Fund—I Class | May 1, 2023 – April 30, 2024 | — | — | 0.27(d) | (c) |
Communications & Technology Fund | May 1, 2023 – April 30, 2025 | 0.77 | — | — | (b) |
Communications & Technology Fund—I Class | May 1, 2023 – April 30, 2025 | — | 0.05 | — | (a) |
Diversified Mid-Cap Growth Fund—I Class | May 1, 2023 – April 30, 2025 | — | 0.05 | — | (a) |
Dividend Growth Fund | May 1, 2023 – April 30, 2024 | — | — | 0.17(g) | (c) |
Dividend Growth Fund—Advisor Class | June 1, 2023 – April 30, 2024 | 1.09 | — | — | (b) |
Dividend Growth Fund—Advisor Class | May 1, 2023 – April 30, 2024 | — | — | 0.17(g) | (c) |
Dividend Growth Fund—I Class | May 1, 2022 – April 30, 2024 | — | 0.05 | — | (a) |
Dividend Growth Fund—I Class | May 1, 2023 – April 30, 2024 | — | — | 0.17(g) | (c) |
Dividend Growth Fund—Z Class | Effective October 26, 2020 (f) | 0.00 | — | — | (c) |
Dynamic Credit Fund | May 1, 2023 – April 30, 2025 | 0.63 | — | — | (b) |
Dynamic Credit Fund—I Class | May 1, 2023 – April 30, 2025 | — | 0.05 | — | (a) |
Dynamic Global Bond Fund—Advisor Class | May 1, 2022 – April 30, 2024 | 0.90 | — | — | (b) |
Dynamic Global Bond Fund—I Class | May 1, 2022 – April 30, 2024 | — | 0.05 | — | (a) |
Dynamic Global Bond Fund—Z Class | Effective March 16, 2020 (f) | 0.00 | — | — | (c) |
Emerging Markets Bond Fund—Advisor Class | May 1, 2022 – April 30, 2024 | 1.15 | — | — | (b) |
Emerging Markets Bond Fund—I Class | May 1, 2022 – April 30, 2024 | — | 0.01 | — | (a) |
Emerging Markets Bond Fund—Z Class | Effective March 16, 2020 (f) | 0.00 | — | — | (c) |
Emerging Markets Corporate Bond Fund | May 1, 2022 – April 30, 2024 | 0.88 | — | — | (b) |
Emerging Markets Corporate Bond Fund—Advisor Class | May 1, 2022 – April 30, 2024 | 1.16 | — | — | (b) |
7
Fund | Limitation Period | Total
Expense | Operating | Management
Fee | Reimbursement |
Emerging Markets Corporate Bond Fund—I Class | May 1, 2022 – April 30, 2024 | — | 0.05 | — | (a) |
Emerging Markets Local Currency Bond Fund—Advisor Class | May 1, 2022 – April 30, 2024 | 1.10 | — | — | (b) |
Emerging Markets Local Currency Bond Fund—I Class | May 1, 2022 – April 30, 2024 | — | 0.05 | — | (a) |
Emerging Markets Local Currency Bond Fund—Z Class | Effective October 26, 2020 (f) | 0.00 | — | — | (c) |
Equity Income Fund—Advisor Class | June 1, 2023 – April 30, 2024 | 1.13 | — | — | (b) |
Equity Income Fund—I Class | May 1, 2022 – April 30, 2024 | — | 0.05 | — | (a) |
Equity Income Fund—R Class | June 1, 2023 – April 30, 2024 | 1.38 | — | — | (b) |
Equity Income Fund—Z Class | Effective October 26, 2020 (f) | 0.00 | — | — | (c) |
Equity Index 500 Fund | May 1, 2022 – April 30, 2024 | 0.21 | — | — | (b) |
Equity Index 500 Fund—I Class | May 1, 2022 – April 30, 2024 | — | 0.00 | — | (a) |
Equity Index 500 Fund—Z Class | Effective March 16, 2020 (f) | 0.00 | — | — | (c) |
Extended Equity Market Index Fund | August 1, 2021 – April 30, 2024 | 0.25 | — | — | (b) |
Financial Services Fund | May 1, 2023 – April 30, 2025 | 0.83 | — | — | (b) |
Financial Services Fund—I Class | May 1, 2023 – April 30, 2025 | — | 0.05 | — | (a) |
Global Consumer Fund | May 1, 2023 – April 30, 2025 | 1.05 | — | — | (b) |
Global High Income Bond Fund | May 1, 2022 – April 30, 2024 | 0.75 | — | — | (b) |
Global High Income Bond Fund—Advisor Class | May 1, 2022 – April 30, 2024 | 0.96 | — | — | (b) |
Global High Income Bond Fund—I Class | May 1, 2022 – April 30, 2024 | — | 0.05 | — | (a) |
Global Industrials Fund | May 1, 2023 – April 30, 2025 | 1.05 | — | — | (b) |
Global Industrials Fund—I Class | May 1, 2023 – April 30, 2025 | — | 0.05 | — | (a) |
Global Real Estate Fund | May 1, 2023 – April 30, 2025 | 0.95 | — | — | (b) |
Global Real Estate Fund—Advisor Class | May 1, 2023 – April 30, 2025 | 1.15 | — | — | (b) |
Global Real Estate Fund—I Class | May 1, 2023 – April 30, 2025 | — | 0.05 | — | (a) |
Global Technology Fund—I Class | May 1, 2023 – April 30, 2025 | — | 0.05 | — | (a) |
Growth Stock Fund—Advisor Class | June 1, 2023 – April 30, 2024 | 1.11 | — | — | (b) |
Growth Stock Fund—I Class | May 1, 2022 – April 30, 2024 | — | 0.05 | — | (a) |
Growth Stock Fund—R Class | June 1, 2023 – April 30, 2024 | 1.36 | — | — | (b) |
Growth Stock Fund—Z Class | Effective March 16, 2020 (f) | 0.00 | — | — | (c) |
Health Sciences Fund | May 1, 2023 – April 30, 2024 | — | — | 0.2975(g) | (c) |
Health Sciences Fund—I Class | May 1, 2022 – April 30, 2024 | — | 0.05 | — | (a) |
Health Sciences Fund—I Class | May 1, 2023 – April 30, 2024 | — | — | 0.2975(g) | (c) |
Hedged Equity Fund | February 1, 2023 – April 30, 2025 | 0.90 | — | — | (b) |
Hedged Equity Fund—I Class | February 1, 2023 – April 30, 2025 | — | 0.05 | — | (a) |
Hedged Equity Fund—Z Class | Effective February 1, 2023 (f) | 0.00 | — | — | (c) |
International Bond Fund | May 1, 2023 – April 30, 2025 | 0.67 | — | — | (b) |
International Bond Fund—Advisor Class | June 1, 2023 – April 30, 2025 | 1.09 | — | — | (b) |
International Bond Fund—I Class | May 1, 2023 – April 30, 2025 | — | 0.05 | — | (a) |
International Bond Fund—Z Class | Effective March 16, 2020 (f) | 0.00 | — | — | (c) |
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Fund | Limitation Period | Total
Expense | Operating | Management
Fee | Reimbursement |
International Bond Fund (USD Hedged)—Advisor Class | May 1, 2022 – April 30, 2024 | 0.99 | — | — | (b) |
International Bond Fund (USD Hedged)— I Class | May 1, 2022 – April 30, 2024 | — | 0.05 | — | (a) |
International Bond Fund (USD Hedged)— Z Class | Effective October 28, 2019 (f) | 0.00 | — | — | (c) |
Large-Cap Growth Fund | May 1, 2022 – April 30, 2024 | 0.70 | — | — | (a) |
Large-Cap Growth Fund | May 1, 2023 – April 30, 2024 | — | — | 0.221(g) | (c) |
Large-Cap Growth Fund—I Class | May 1, 2022 – April 30, 2024 | — | 0.05 | — | (a) |
Large-Cap Growth Fund—I Class | May 1, 2023 – April 30, 2024 | — | — | 0.221(g) | (c) |
Large-Cap Value Fund | May 1, 2022 – April 30, 2024 | 0.70 | — | — | (a) |
Large-Cap Value Fund—I Class | May 1, 2022 – April 30, 2024 | — | 0.05 | — | (a) |
Mid-Cap Growth Fund—Advisor Class | June 1, 2023 – April 30, 2024 | 1.21 | — | — | (b) |
Mid-Cap Growth Fund—I Class | May 1, 2022 – April 30, 2024 | — | 0.05 | — | (a) |
Mid-Cap Growth Fund—R Class | June 1, 2023 – April 30, 2024 | 1.46 | — | — | (b) |
Mid-Cap Growth Fund—Z Class | Effective March 16, 2020 (f) | 0.00 | — | — | (c) |
Mid-Cap Index Fund | August 1, 2021 – April 30, 2024 | 0.27 | — | — | (b) |
Mid-Cap Index Fund—I Class | May 1, 2022 – April 30, 2024 | — | 0.05 | — | (a) |
Mid-Cap Index Fund—Z Class | Effective March 16, 2020 (f) | 0.00 | — | — | (c) |
Mid-Cap Value Fund—Advisor Class | June 1, 2023 – April 30, 2024 | 1.24 | — | — | (b) |
Mid-Cap Value Fund—I Class | May 1, 2022 – April 30, 2024 | — | 0.05 | — | (a) |
Mid-Cap Value Fund—R Class | June 1, 2023 – April 30, 2024 | 1.49 | — | — | (b) |
Mid-Cap Value Fund—Z Class | Effective March 16, 2020 (f) | 0.00 | — | — | (c) |
New Era Fund—I Class | May 1, 2022 – April 30, 2024 | — | 0.05 | — | (a) |
New Horizons Fund | May 1, 2023 – April 30, 2024 | — | — | 0.2975(h) | (c) |
New Horizons Fund—I Class | May 1, 2022 – April 30, 2024 | — | 0.05 | — | (a) |
New Horizons Fund—I Class | May 1, 2023 – April 30, 2024 | — | — | 0.2975(h) | (c) |
New Horizons Fund—Z Class | Effective March 16, 2020 (f) | 0.00 | — | — | (c) |
Integrated Global Equity Fund | May 1, 2022 – April 30, 2024 | 0.74 | — | — | (b) |
Integrated Global Equity Fund—Advisor Class | May 1, 2022 – April 30, 2024 | 1.04 | — | — | (b) |
Integrated Global Equity Fund—I Class | May 1, 2022 – April 30, 2024 | — | 0.05 | — | (a) |
Integrated U.S. Small-Mid Cap Core Equity Fund | May 1, 2022 – April 30, 2024 | 0.87 | — | — | (b) |
Integrated U.S. Small-Mid Cap Core Equity Fund—Advisor Class | May 1, 2022 – April 30, 2024 | 1.14 | — | — | (b) |
Integrated U.S. Small-Mid Cap Core Equity Fund—I Class | May 1, 2022 – April 30, 2024 | — | 0.05 | — | (a) |
Integrated U.S. Small-Cap Growth Equity Fund—Advisor Class | June 1, 2023 – April 30, 2024 | 1.24 | — | — | (b) |
Integrated U.S. Small-Cap Growth Equity Fund—I Class | May 1, 2022 – April 30, 2024 | — | 0.05 | — | (a) |
Integrated U.S. Large-Cap Value Equity Fund | May 1, 2022 – April 30, 2024 | 0.72 | — | — | (b) |
Integrated U.S. Large-Cap Value Equity Fund—Advisor Class | May 1, 2022 – April 30, 2024 | 0.99 | — | — | (b) |
9
Fund | Limitation Period | Total
Expense | Operating | Management
Fee | Reimbursement |
Integrated U.S. Large-Cap Value Equity Fund—I Class | May 1, 2022 – April 30, 2024 | — | 0.05 | — | (a) |
Real Assets Fund—I Class | May 1, 2023 – April 30, 2025 | — | 0.05 | — | (a) |
Real Assets Fund—Z Class | Effective March 16, 2020 (f) | 0.00 | — | — | (c) |
Real Estate Fund—Advisor Class | June 1, 2023 – April 30, 2024 | 1.19 | — | — | (b) |
Real Estate Fund—I Class | May 1, 2022 – April 30, 2024 | — | 0.05 | — | (a) |
Science & Technology Fund—Advisor Class | June 1, 2023 – April 30, 2024 | 1.24 | — | — | (b) |
Science & Technology Fund—I Class | May 1, 2022 – April 30, 2024 | — | 0.05 | — | (a) |
Small-Cap Index Fund | August 1, 2021 – April 30, 2024 | 0.29 | — | — | (b) |
Small-Cap Index Fund—I Class | May 1, 2022 – April 30, 2024 | — | 0.05 | — | (a) |
Small-Cap Index Fund—Z Class | Effective March 16, 2020 (f) | 0.00 | — | — | (c) |
Small-Cap Stock Fund—Advisor Class | June 1, 2023 – April 30, 2024 | 1.34 | — | — | (b) |
Small-Cap Stock Fund—I Class | May 1, 2022 – April 30, 2024 | — | 0.05 | — | (a) |
Small-Cap Stock Fund—Z Class | Effective March 16, 2020 (f) | 0.00 | — | — | (c) |
Small-Cap Value Fund—Advisor Class | June 1, 2023 – April 30, 2024 | 1.24 | — | — | (b) |
Small-Cap Value Fund—I Class | May 1, 2022 – April 30, 2024 | — | 0.05 | — | (a) |
Small-Cap Value Fund—Z Class | Effective March 16, 2020 (f) | 0.00 | — | — | (c) |
Total Equity Market Index Fund | August 1, 2021 –April 30, 2024 | 0.22 | — | — | (b) |
U.S. Equity Research Fund—Advisor Class | June 1, 2023 – April 30, 2024 | 0.93 | — | — | (b) |
U.S. Equity Research Fund—I Class | May 1, 2022 – April 30, 2024 | — | 0.04 | — | (a) |
U.S. Equity Research Fund—R Class | June 1, 2023 – April 30, 2024 | 1.18 | — | — | (b) |
U.S. Equity Research Fund—Z Class | Effective November 23, 2021 (f) | 0.00 | — | — | (c) |
U.S. Large-Cap Core Fund | March 1, 2023 – April 30, 2025 | 0.64 | — | — | (b) |
U.S. Large-Cap Core Fund—Advisor Class | June 1, 2023 – April 30, 2025 | 1.13 | — | — | (b) |
U.S. Large-Cap Core Fund—I Class | May 1, 2023 – April 30, 2025 | — | 0.05 | — | (a) |
U.S. Large-Cap Core Fund—Z Class | Effective March 16, 2020 (f) | 0.00 | — | — | (c) |
Value Fund | May 1, 2023 – April 30, 2024 | — | — | 0.2295(e) | (c) |
Value Fund—Advisor Class | June 1, 2023 – April 30, 2024 | 1.17 | — | — | (b) |
Value Fund—Advisor Class | May 1, 2023 – April 30, 2024 | — | — | 0. 2295(e) | (c) |
Value Fund—I Class | May 1, 2022 – April 30, 2024 | — | 0.05 | — | (a) |
Value Fund—I Class | May 1, 2023 – April 30, 2024 | — | — | 0. 2295(e) | (c) |
Value Fund—Z Class | Effective March 16, 2020 (f) | 0.00 | — | — | (c) |
10
Funds with a 2/28 Fiscal Year End
Fund | Limitation Period | Total Expense | Operating | Management
Fee | Reimbursement |
California Tax-Free Bond Fund—I Class | July 1, 2023 – June 30, 2025 | — | 0.05 | — | (a) |
Georgia Tax-Free Bond Fund | July 1, 2023 – June 30, 2025 | 0.56 | — | — | (b) |
Georgia Tax-Free Bond Fund—I Class | July 1, 2023 – June 30, 2025 | — | 0.05 | — | (a) |
Intermediate Tax-Free High Yield Fund | July 1, 2023 – June 30, 2025 | 0.45 | — | — | (b) |
Intermediate Tax-Free High Yield Fund—Advisor Class | July 1, 2023 – June 30, 2025 | 0.71 | — | — | (b) |
Intermediate Tax-Free High Yield Fund—I Class | July 1, 2023 – June 30, 2025 | — | 0.05 | — | (a) |
Maryland Short-Term Tax-Free Bond Fund | July 1, 2022 – June 30, 2024 | 0.53 | — | — | (a) |
Maryland Short-Term Tax-Free Bond Fund—I Class | July 1, 2022 – June 30, 2024 | — | 0.05 | — | (a) |
Maryland Tax-Free Bond Fund | July 1, 2023 – June 30, 2025 | 0.49 | — | — | (b) |
Maryland Tax-Free Bond Fund—I Class | July 1, 2023 – June 30, 2025 | — | 0.05 | — | (a) |
Maryland Tax-Free Money Fund | July 1, 2023 – June 30, 2025 | 0.41 | — | — | (b) |
Maryland Tax-Free Money Fund—I Class | July 1, 2023 – June 30, 2025 | — | 0.05 | — | (a) |
New Jersey Tax-Free Bond Fund | July 1, 2023 – June 30, 2025 | 0.57 | — | — | (b) |
New Jersey Tax-Free Bond Fund—I Class | July 1, 2023 – June 30, 2025 | — | 0.05 | — | (a) |
New York Tax-Free Bond Fund | July 1, 2023 – June 30, 2025 | 0.53 | — | — | (b) |
New York Tax-Free Bond Fund—I Class | July 1, 2023 – June 30, 2025 | — | 0.05 | — | (a) |
Tax-Efficient Equity Fund—I Class | July 1, 2023 – June 30, 2025 | — | 0.05 | — | (a) |
Tax-Exempt Money Fund | July 1, 2022 – June 30, 2024 | 0.45 | — | — | (b) |
Tax-Exempt Money Fund—I Class | July 1, 2022 – June 30, 2024 | — | 0.05 | — | (a) |
Tax-Free High Yield Fund | July 1, 2023 – June 30, 2024 | — | — | 0.49 | (c) |
Tax-Free High Yield Fund—Advisor Class | June 1, 2023 – June 30, 2025 | 1.19 | — | — | (b) |
Tax-Free High Yield Fund—Advisor Class | July 1, 2023 – June 30, 2024 | — | — | 0.49 | (c) |
Tax-Free High Yield Fund—I Class | July 1, 2023 – June 30, 2024 | — | — | 0.49 | (c) |
Tax-Free High Yield Fund—I Class | July 1, 2023 – June 30, 2025 | — | 0.05 | — | (a) |
Tax-Free Income Fund | July 1, 2023 – June 30, 2025 | 0.53 | — | — | (b) |
Tax-Free Income Fund—Advisor Class | June 1, 2023 – June 30, 2025 | 1.04 | — | — | (b) |
Tax-Free Income Fund—I Class | July 1, 2023 – June 30, 2025 | — | 0.05 | — | (a) |
Tax-Free Short-Intermediate Fund—Advisor Class | June 1, 2023 – June 30, 2025 | 0.94 | — | — | (b) |
Tax-Free Short-Intermediate Fund—I Class | July 1, 2023 – June 30, 2025 | — | 0.05 | — | (a) |
Virginia Tax-Free Bond Fund—I Class | July 1, 2023 – June 30, 2025 | — | 0.05 | — | (a) |
11
Funds with a 5/31 Fiscal Year End
Fund | Limitation Period | Total Expense | Operating | Management
Fee | Reimbursement |
Corporate Income Fund | October 1, 2023 – September 30, 2025 | 0.59 | — | — | (b) |
Corporate Income Fund—I Class | October 1, 2023 – September 30, 2025 | — | 0.05 | — | (a) |
Corporate Income Fund—Z Class | Effective October 26, 2020 (f) | 0.00 | — | — | (c) |
Credit Opportunities Fund | October 1, 2023 – September 30, 2025 | 0.81 | — | — | (b) |
Credit Opportunities Fund—Advisor Class | October 1, 2023 – September 30, 2025 | 0.91 | — | — | (b) |
Credit Opportunities Fund—I Class | October 1, 2023 – September 30, 2025 | — | 0.01 | — | (a) |
Floating Rate Fund—Advisor Class | October 1, 2023 – September 30, 2025 | 0.95 | — | — | (b) |
Floating Rate Fund—I Class | October 1, 2023 – September 30, 2025 | — | 0.05 | — | (a) |
Floating Rate Fund—Z Class | Effective March 16, 2020 (f) | 0.00 | — | — | (c) |
Global Multi-Sector Bond Fund | October 1, 2023 – September 30, 2025 | 0.65 | — | — | (b) |
Global Multi-Sector Bond Fund— Advisor Class | October 1, 2023 – September 30, 2025 | 0.93 | — | — | (b) |
Global Multi-Sector Bond Fund—I Class | October 1, 2023 – September 30, 2025 | — | 0.01 | — | (a) |
GNMA Fund | October 1, 2023 – September 30, 2025 | 0.62 | — | — | (b) |
GNMA Fund—I Class | October 1, 2023 – September 30, 2025 | — | 0.05 | — | (a) |
GNMA Fund—Z Class | Effective October 26, 2020 (f) | 0.00 | — | — | (c) |
Government Money Fund—I Class | October 1, 2023 – September 30, 2025 | — | 0.05 | — | (a) |
High Yield Fund | October 1, 2023 – September 30, 2025 | 0.70 | — | — | (b) |
High Yield Fund—Advisor Class | June 1, 2023 – September 30, 2025 | 1.19 | — | — | (b) |
High Yield Fund—I Class | October 1, 2023 – September 30, 2025 | — | 0.05 | — | (a) |
High Yield Fund—Z Class | Effective March 16, 2020 (f) | 0.00 | — | — | (c) |
Inflation Protected Bond Fund | October 1, 2023 – September 30, 2025 | 0.41 | — | — | (b) |
Inflation Protected Bond Fund | October 1, 2023 – September 30, 2024 | — | — | 0.17 | (c) |
Inflation Protected Bond Fund—I Class | October 1, 2023 – September 30, 2025 | — | 0.05 | — | (a) |
Inflation Protected Bond Fund—I Class | October 1, 2023 – September 30, 2024 | — | — | 0.17 | (c) |
Inflation Protected Bond Fund—Z Class | Effective October 26, 2020 (f) | 0.00 | — | — | (c) |
Institutional Floating Rate Fund—Z Class | Effective March 16, 2020 (f) | 0.00 | — | — | (c) |
Institutional High Yield Fund—Z Class | Effective March 16, 2020 (f) | 0.00 | — | — | (c) |
Limited Duration Inflation Focused Bond Fund | October 1, 2023 – September 30, 2024 | — | — | 0.25 | (c) |
Limited Duration Inflation Focused Bond Fund—I Class | October 1, 2023 – September 30, 2025 | — | 0.05 | — | (a) |
Limited Duration Inflation Focused Bond Fund—I Class | October 1, 2023 – September 30, 2024 | — | — | 0.25 | (c) |
Limited Duration Inflation Focused Bond Fund—Z Class | Effective March 16, 2020 (f) | 0.00 | — | — | (c) |
New Income Fund | October 1, 2023 – September 30, 2025 | 0.44 | — | — | (b) |
New Income Fund | October 1, 2023 – September 30, 2024 | — | — | 0.0255(e) | (c) |
New Income Fund—Advisor Class | June 1, 2023 – September 30, 2025 | 0.92 | — | — | (b) |
New Income Fund—Advisor Class | October 1, 2023 – September 30, 2024 | — | — | 0.0255(e) | (c) |
12
Fund | Limitation Period | Total
Expense | Operating | Management
Fee | Reimbursement |
New Income Fund—I Class | October 1, 2023 – September 30, 2025 | — | 0.05 | — | (a) |
New Income Fund—I Class | October 1, 2023 – September 30, 2024 | — | — | 0.0255(e) | (c) |
New Income Fund—R Class | October 1, 2023 – September 30, 2025 | 1.08 | — | — | (b) |
New Income Fund—R Class | October 1, 2023 – September 30, 2024 | — | — | 0.0255(e) | (c) |
New Income Fund—Z Class | Effective March 16, 2020 (f) | 0.00 | — | — | (c) |
Short-Term Bond Fund—Advisor Class | June 1, 2023 – September 30, 2024 | 0.90 | — | — | (b) |
Short-Term Bond Fund—I Class | October 1, 2022 – September 30, 2024 | — | 0.05 | — | (a) |
Short-Term Bond Fund—Z Class | Effective October 26, 2020 (f) | 0.00 | — | — | (c) |
Short Duration Income Fund | October 1, 2023 – September 30, 2025 | 0.40 | — | — | (b) |
Short Duration Income Fund—I Class | October 1, 2023 – September 30, 2025 | — | 0.01 | — | (a) |
Spectrum Conservative Allocation Fund—I Class | October 1, 2022 – September 30, 2024 | — | 0.05 | — | (a) |
Spectrum Moderate Allocation Fund—I Class | October 1, 2022 – September 30, 2024 | — | 0.05 | — | (a) |
Spectrum Moderate Growth Allocation Fund—I Class | October 1, 2022 – September 30, 2024 | — | 0.05 | — | (a) |
Total Return Fund | October 1, 2023 – September 30, 2025 | 0.46 | — | — | (b) |
Total Return Fund—Advisor Class | October 1, 2023 – September 30, 2025 | 0.75 | — | — | (b) |
Total Return Fund—I Class | October 1, 2023 – September 30, 2025 | — | 0.02 | — | (a) |
U.S. High Yield Fund | October 1, 2023 – September 30, 2025 | 0.75 | — | — | (b) |
U.S. High Yield Fund—Advisor Class | October 1, 2023 – September 30, 2025 | 0.90 | — | — | (b) |
U.S. High Yield Fund—I Class | October 1, 2023 – September 30, 2025 | — | 0.05 | — | (a) |
U.S. Limited Duration TIPS Index Fund | October 1, 2022 – September 30, 2024 | 0.21 | — | — | (b) |
U.S. Limited Duration TIPS Index Fund—I Class | October 1, 2022 – September 30, 2024 | — | 0.05 | — | (a) |
U.S. Limited Duration TIPS Index Fund—Z Class | Effective August 14, 2020 (f) | 0.00 | — | — | (c) |
U.S. Treasury Intermediate Index Fund—I Class | October 1, 2023 – September 30, 2025 | — | 0.05 | — | (a) |
U.S. Treasury Intermediate Index Fund—Z Class | Effective October 26, 2020 (f) | 0.00 | — | — | (c) |
U.S. Treasury Long-Term Index Fund | October 1, 2023 – September 30, 2025 | 0.29 | — | — | (b) |
U.S. Treasury Long-Term Index Fund—I Class | October 1, 2023 – September 30, 2025 | — | 0.05 | — | (a) |
U.S. Treasury Long-Term Index Fund—Z Class | Effective March 16, 2020 (f) | 0.00 | — | — | (c) |
U.S. Treasury Money Fund—I Class | October 1, 2023 – September 30, 2025 | — | 0.05 | — | (a) |
U.S. Treasury Money Fund—Z Class | Effective March 16, 2020 (f) | 0.00 | — | — | (c) |
Ultra Short-Term Bond Fund | October 1, 2023 – September 30, 2025 | 0.31 | — | — | (b) |
Ultra Short-Term Bond Fund—I Class | October 1, 2023 – September 30, 2025 | — | 0.05 | — | (a) |
Ultra Short-Term Bond Fund—Z Class | Effective October 26, 2020 (f) | 0.00 | — | — | (c) |
13
¹ X. Xxxx Xxxxx has agreed to waive its fees and/or bear any expenses, including but not limited to management fees, but excluding interest; expenses related to borrowings, taxes, and brokerage; nonrecurring, extraordinary expenses; and acquired fund fees and expenses, or reimburse fund or class, to the extent the fund’s or class’ total ratio of expenses to average daily net assets to exceed the percentage indicated (on an annualized basis).
2 X. Xxxx Xxxxx has agreed to pay the operating expenses of the fund or class excluding management fees; interest, expenses relating to borrowings, taxes, and brokerage; nonrecurring, extraordinary expenses; and acquired fund fees and expenses (“Class Operating Expenses”), or reimburse the fund or class, to the extent the Class Operating Expenses exceed the percentage indicated (on an annualized basis) of the fund’s or class’ average daily net assets.
3 X. Xxxx Xxxxx has agreed to waive a portion of its management fee in order to limit the fund’s management fee to the percentage indicated of the fund’s average daily net assets.
(a) No reimbursement will be made more than three years after the payment of Class Operating Expenses.
(b) No reimbursement will be made more than three years after any waiver or payment.
(c) Fees waived under this agreement are not subject to reimbursement to X. Xxxx Price by the fund.
(d) This Fund Fee rate, when combined with the Group Fee rate, is applied to assets equal to or greater than $27.5 billion.
(e) This Fund Fee rate, when combined with the Group Fee rate, is applied to assets equal to or greater than $20 billion.
(f) This contractual arrangement is expected to remain in place indefinitely.
(g) This Fund Fee rate, when combined with the Group Fee rate, is applied to assets equal to or greater than $25 billion.
(h) This Fund Fee rate, when combined with the Group Fee rate, is applied to assets equal to or greater than $40 billion.
14
Schedule 2
Fund | Limitation Period | Management
Fee |
All-Cap Opportunities Portfolio | May 1, 2023 – April 30, 2024 | 0.80 |
Blue Chip Growth Portfolio | May 1, 2023 – April 30, 2024 | 0.75 |
Equity Income Portfolio | May 1, 2023 – April 30, 2024 | 0.74 |
Equity Index 500 Portfolio | May 1, 2023 – April 30, 2024 | 0.39 |
Health Sciences Portfolio | May 1, 2023 – April 30, 2024 | 0.94 |
International Stock Portfolio | May 1, 2023 – April 30, 2024 | 0.95 |
Limited-Term Bond Portfolio | May 1, 2023 – April 30, 2024 | 0.50 |
Mid-Cap Growth Portfolio | May 1, 2023 – April 30, 2024 | 0.84 |
Moderate Allocation Portfolio | May 1, 2023 – April 30, 2024 | 0.85 |
1 X. Xxxx Xxxxx has agreed to waive a portion of its management fee in order to limit the fund’s management fee to the percentage indicated of the fund’s average daily net assets.
15
