FORM OF AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT

 

Exhibit h.(iv)

 

FORM OF

AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT

 

THIS AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT, as amended and restated on [March 1], 2019 (the “Agreement”), is between The Hartford Mutual Funds, Inc. and The Hartford Mutual Funds II, Inc. (each a “Company” and collectively, the “Companies”) on behalf of each series of the Companies (each a “Fund” and collectively, the “Funds”) and Hartford Funds Management Company, LLC (the “Adviser”).

 

WHEREAS, the Board of Directors of each Company (collectively, the “Board”) has appointed the Adviser as the investment adviser of each of the Funds pursuant to an Investment Management Agreement between each Company, on behalf of the Funds, and the Adviser; and

 

WHEREAS, each Company and the Adviser desire to enter into the arrangements described herein relating to certain expenses of the Funds;

 

NOW, THEREFORE, each Company and the Adviser hereby agree as follows:

 

1.For the period commencing March 1, 2019, through February 29, 2020, the Adviser hereby agrees to waive its management fee and/or reimburse Fund expenses to the extent necessary to ensure that the total net annual operating expenses, exclusive of “Excluded Expenses,” as that term is defined under Section 4 below, does not exceed the specified amount for the class of shares of each Fund listed on Schedule A.1

 

2.Effective March 1, 2019, the Adviser hereby agrees to waive its management fee and/or reimburse Fund expenses to the extent necessary to ensure that the total net annual operating expenses, exclusive of “Excluded Expenses,” as that term is defined under Section 4 below, does not exceed the specified for the class of shares of each Fund listed on Schedule B. The expense limitation arrangements under this Section 2 shall remain in place for a period of not less than one-year ending on February 29, 2020, and shall continue in effect after that date for subsequent one-year periods ending on March 1 of each year unless and until such time as the Board and the Adviser mutually agree in writing to terminate or modify the terms of this Section 2.

 

3.To the extent that a class of shares of a Fund is subject both Section 1 and Section 2 of this Agreement, the expense limitation arrangement under Section 1 (Schedule A) or Section 2 (Schedule B) that would result in a lower amount of total net annual operating expenses shall apply in accordance with the terms set forth in Section 1 or Section 2, as applicable.

 

4.For all Funds other than The Hartford Conservative Allocation Fund, the term “Excluded Expenses” for purposes of this Agreement shall mean: taxes; interest expenses; brokerage commissions; acquired fund fees and expenses; extraordinary expenses; and, solely for Hartford Long/Short Global Equity Fund and The Hartford Global All-Asset Fund, dividend and interest related expenses on short sales. For The Hartford Conservative Allocation Fund, the term “Excluded Expenses” for purposes of this Agreement shall mean: taxes; interest expenses; brokerage commissions; and extraordinary expenses.

 

5.Any reimbursements to a Fund by the Adviser, as required under the terms of this Agreement, are not subject to recoupment by the Adviser.

 

 
1As noted on Schedule A, for certain classes of Hartford Schroders Emerging Markets Multi-Sector Bond Fund and The Hartford Municipal Opportunities Fund, the maximum total net operating expenses will increase effective June 1, 2019.

 

 1 

 

  

6.For the avoidance of doubt, this Agreement intentionally omits references to any class of shares of a Fund that may be authorized but not currently offered by that Fund, including (by way of example and not limitation), Class R6 shares or Class T shares.

 

7.The Adviser understands and intends that the Funds will rely on this Agreement: (a) in preparing and filing amendments to the registration statements for the Companies on Form N-1A with the Securities and Exchange Commission; (b) in accruing each Fund’s expenses for purposes of calculating its net asset value per share; (c) reflecting a Fund’s net operating expenses in the Fund’s financial statements and other documents.

 

8.This Agreement supersedes that certain Amended and Restated Expense Limitation Agreement, dated May 2, 2018, and any similar previous agreement between the parties. This Agreement may be amended or modified by mutual written consent of the Adviser and the Board.

 

9.This Agreement may be executed by the parties hereto on any number of counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument.

 

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

  

THE HARTFORD MUTUAL FUNDS, INC.
 
Name: ________________________________
  Xxxxxx X. Xxxxxxxx
Title: Secretary and Vice President
 
THE HARTFORD MUTUAL FUNDS II, INC.
 
Name:  ________________________________
  Xxxxxx X. Xxxxxxxx
Title: Secretary and Vice President
 
HARTFORD FUNDS MANAGEMENT COMPANY, LLC
 
Name: _________________________________
  Xxxxxxx X. Xxxxx
Title: Chief Financial Officer

 

Document Revision History:

Last Amended on: [March 1], 2019
Amended and Restated on: [March 1], 2019
Approved on: February 5, 2019

 

 

 2 

 

 

SCHEDULE A

 

Fund

Total Net Annual Operating

Expense Limit

(as a percent of average daily net assets)

The Hartford Conservative Allocation Fund

Class A:   1.19%

Class C:   1.94%

Class I:   0.94%

Class F:   0.84%

Class R3:   1.44%

Class R4:   1.14%

Class R5:   0.84%

Hartford Emerging Markets Equity Fund

Class A:   1.45%

Class C:   2.20%

Class I:   1.20%

Class Y:   1.10%

Class F:   0.98%

Class R3:   1.70%

Class R4:   1.45%

Class R5:   1.15%

Class R6:   0.98%

The Hartford Emerging Markets Local Debt Fund

Class A:   1.25%

Class C:   2.00%

Class I:   1.00%

Class Y:   0.90%

Class F:   0.90%

Class R3:   1.55%

Class R4:   1.25%

Class R5:   0.95%

Hartford Environmental Opportunities Fund

Class A:   1.19%

Class C:   1.94%

Class I:   0.89%

Class Y:   0.79%

Class F:   0.69%

Class R3:   1.41%

Class R4:   1.11%

Class R5:   0.81%

Class R6:   0.69%

The Hartford Floating Rate High Income Fund

Class A:   1.05%

Class C:   1.80%

Class I:   0.80%

Class Y:   0.78%

Class F:   0.75%

Class R3:   1.35%

Class R4:   1.05%

 

 3 

 

  

Fund

Total Net Annual Operating 

Expense Limit

(as a percent of average daily net assets)

  Class R5:   0.75%
The Hartford Global All-Asset Fund

Class A:   1.19%

Class C:   1.94%

Class I:   0.89%

Class Y:   0.75% 

Class F:   0.69%

Class R3:   1.41%

Class R4:   1.11%

Class R5:   0.81%

Class R6:   0.69%

Hartford Global Impact Fund

Class A:   1.19%

Class C:   1.94%

Class I:   0.89%

Class Y:   0.79%

Class F:   0.69%

Class R3:   1.41%

Class R4:   1.11%

Class R5:   0.81%

Class R6:   0.69%

The Hartford Global Real Asset Fund

Class A:   1.25%

Class C:   2.00%

Class I:   1.00%

Class Y:   0.90%

Class F:   0.90%

Class R3:   1.50%

Class R4:   1.20%

Class R5:   0.95%

The Hartford High Yield Fund

Class A:   1.05%

Class C:   1.80%

Class I:   0.80%

Class Y:   0.79%

Class F:   0.70%

Class R3:   1.35%

Class R4:   1.05%

Class R5:   0.75%

The Hartford Inflation Plus Fund

 

Class A:   0.85%

Class C:   1.60%

Class I:   0.60%

Class Y:   0.59%

Class F:   0.55%

Class R3:   1.20%

Class R4:   0.90%

 

 4 

 

  

Fund

Total Net Annual Operating 

Expense Limit

(as a percent of average daily net assets)

  Class R5:   0.60%
Hartford International Equity Fund

Class A:   1.04%

Class C:   1.79%

Class I:   0.74%

Class Y:   0.65%

Class F:   0.54%

Class R3:   1.26%

Class R4:   0.96%

Class R5:   0.66%

Class R6:   0.54%

The Hartford International Growth Fund

Class A:   1.30%

Class C:   2.05%

Class I:   1.00%

Class Y:   0.95%

Class F:   0.85%

Class R3:   1.57%

Class R4:   1.27%

Class R5:   1.00%

Class R6:   0.85%

The Hartford International Small Company Fund

 

 

Class A:   1.60%

Class C:   2.35%

Class I:   1.35%

Class Y:   1.00%

Class F:   1.00%

Class R3:   1.65%

Class R4:   1.35%

Class R5:   1.05%

Hartford Long/Short Global Equity Fund

Class A:   1.75%

Class C:   2.50%

Class I:   1.50%

Class Y:   1.50%

Class F:   1.50%

Hartford Multi-Asset Income Fund

Class A:   1.05%

Class C:   1.80%

Class I:   0.75%

Class Y:   0.65%

Class F:   0.59%

Class R3:   1.31%

Class R4:   1.01%

Class R5:   0.71%

Class R6:   0.59%

 

 5 

 

  

Fund

Total Net Annual Operating 

Expense Limit

(as a percent of average daily net assets)

Hartford Municipal Income Fund

Class A:   0.69%

Class C:   1.44%

Class I:   0.46%

Class F:   0.39%

The Hartford Municipal Opportunities Fund

Class A:   0.69%

Class C:   1.44%

Class I:   0.44% (ending May 31, 2019)

Class I:   0.46% (effective June 1, 2019)

Class F:   0.39%

Class Y:   0.44% (ending May 31, 2019)

Class Y:   0.49% (effective June 1, 2019)

Hartford Municipal Short Duration Fund

Class A:   0.69%

Class C:   1.44%

Class I:   0.46%

Class F:   0.39%

The Hartford Quality Bond Fund

Class A:   0.85%

Class C:   1.60%

Class I:   0.60%

Class Y:   0.54%

Class F:   0.44%

Class R3:   1.19%

Class R4:   0.94%

Class R5:   0.64%

Hartford Quality Value Fund

Class A:   0.96%

Class C:   1.71%

Class I:   0.66%

Class Y:   0.57%

Class F:   0.46%

Class R3:   1.18%

Class R4:   0.88%

Class R5:   0.63%

Class R6:   0.46%

Hartford Schroders Emerging Markets Multi-Sector Bond Fund

Class A:   1.15% 

Class C:   1.90% 

Class I:   0.90% 

Class Y:   0.80% (ending May 31, 2019)

Class Y:   0.85% (effective June 1, 2019)

Class F:   0.75%

Class R3:   1.45% 

Class R4:   1.15%

Class R5:   0.85%

 

 6 

 

  

Fund

Total Net Annual Operating 

Expense Limit

(as a percent of average daily net assets)

  Class SDR:   0.75%
Hartford Schroders Global Strategic Bond Fund

Class A:   1.04% 

Class C:   1.86%

Class I:   0.79%

Class Y:   0.76%

Class F:   0.64%

Class R3:   1.41%

Class R4:   1.11%

Class R5:   0.81%

Class SDR:   0.64%

Hartford Schroders International Stock Fund

Class A:   1.15%

Class C:   1.95% 

Class I:   0.85% 

Class Y:   0.85% 

Class F:   0.75%

Class R3:   1.45%

Class R4:   1.15% 

Class R5:   0.85% 

Class SDR:   0.75%

Hartford Schroders Securitized Income Fund

Class A:   1.10%

Class I:   0.85% 

Class Y:   0.80% 

Class F:   0.70%

Class SDR:   0.70%

Hartford Schroders Tax-Aware Bond Fund

Class A:   0.71%

Class C:   1.59%

Class I:   0.49%

Class Y:   0.56%

Class F:   0.46%

Class SDR:   0.46%

Hartford Schroders US Small Cap Opportunities Fund

Class A:   1.35%

Class C:   2.10% 

Class I:   1.10% 

Class Y:   1.05% 

Class F:   0.95%

Class R3:   1.65% 

Class R4:   1.35% 

Class R5:   1.05%

Class SDR:   0.95%

The Hartford Short Duration Fund

Class A:   0.81%

Class C:   1.56%

 

 7 

 

  

Fund

Total Net Annual Operating 

Expense Limit

(as a percent of average daily net assets)

 

Class I:   0.56%

Class Y:   0.55%

Class F:   0.55%

Class R3:   1.15%

Class R4:   0.85%

Class R5:   0.55%

Class R6:   0.55%

Hartford Small Cap Value Fund

Class A:   1.30%

Class C:   2.05%

Class I:   1.00%

Class Y:   0.85%

Class F:   0.80%

Class R3:   1.50%

Class R4:   1.20%

Class R5:   0.90%

Class R6:   0.80%

The Hartford Small Company Fund

Class A:   1.40%

Class C:   2.15%

Class I:   1.15%

Class Y:   0.95%

Class F:   0.90%

Class R3:   1.55%

Class R4:   1.25%

Class R5:   0.95%

Class R6:   0.90% 

The Hartford Strategic Income Fund

Class A:   0.95%

Class C:   1.70%

Class I:   0.70%

Class Y:   0.69%

Class F:   0.60%

Class R3:   1.25%

Class R4:   0.95%

Class R5:   0.65%

Class R6:   0.60%

The Hartford Total Return Bond Fund Class F2:   0.34%

 

 

2The Hartford Total Return Bond Fund’s Class F shares is the only class of shares offered by the Fund for which there is a contractual expense limitation arrangement in place.

  

 8 

 

 

SCHEDULE B

 

Fund

Total Net Annual Operating Expense Limit

(as a percent of average daily net assets)

The Hartford Floating Rate Fund

 

Class A:   1.00%

Class C:   1.75%

Class I:   0.75%

Class Y:   0.75%

Class R3:   1.25%

Class R4:   1.00%

Class R5:   0.85%

The Hartford Inflation Plus Fund

 

Class A:   1.00%

Class C:   1.75%

Class I:   0.75%

Class Y:   0.75%

Class R3:   1.25%

Class R4:   1.00%

Class R5:   0.85%

The Hartford Short Duration Fund

Class A:   1.00%

Class C:   1.75%

Class I:   0.75%

Class Y:   0.75%

The Hartford Total Return Bond Fund

 

Class A:   1.00%

Class C:   1.75%

Class I:   0.75%

Class Y:   0.75%

Class R3:   1.25%

Class R4:   1.00%

Class R5:   0.85%

 

 9 

 

AutoNDA by SimpleDocs

Document Metadata

Filed: February 28th, 2019
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!