AMENDMENT TO EXPENSE LIMITATION AGREEMENT
AMENDMENT TO EXPENSE LIMITATION AGREEMENT
This Amendment (this “Amendment”), effective August 1, 2017, is made to the Expense Limitation Agreement by and between Great-West Funds, Inc. (“Great-West Funds”) and Great-West Capital Management, LLC (the “Adviser”).
WHEREAS, Great-West Funds and Adviser are parties to an Expense Limitation Agreement, dated May 1, 2017 (the “Agreement”) with respect to the funds included in Schedule A attached hereto; and
WHEREAS, pursuant to Section 3.4 of the Agreement, Great-West Funds and Adviser desire to amend the Agreement on the terms and conditions set forth herein.
NOW THEREFORE, in consideration of the promises and mutual covenants hereinafter contained, Great-West Funds and Adviser agree as follows:
| 1. | Schedule A of the Agreement is hereby deleted in its entirety and replaced with Schedule A attached hereto. |
| 2. | In the event of a conflict between the terms of this Amendment and the Agreement, the terms of this Amendment shall control. |
| 3. | This Amendment may be executed in two or more counterparts, each of which shall be an original and all of which together shall constitute one instrument. |
| 4. | Except as amended by this Amendment, all other provisions of the Agreement shall remain in full force and effect. |
[Remainder of page intentionally left blank; signature page to follow.]
| GWCM – GW Funds Amendment to Expense Limitation Agreement dated 5/1/17 (All Core Funds Except MMF) | 1 of 5 |
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed in their names and on their behalf by and through duly authorized officers as of the Effective Date.
GREAT-WEST CAPITAL MANAGEMENT, LLC
| Attest: |
/s/ Xxxx X. Xxxxxxx |
By: | /s/ Xxxx X. Xxxxxx | |||||
| Name: |
Xxxx X. Xxxxxxx |
Name: |
Xxxx X. Xxxxxx | |||||
| Title: |
Vice President, Counsel & Secretary |
Title: |
Chief Financial Officer & Treasurer | |||||
GREAT-WEST FUNDS, INC.
| Attest: |
/s/ Xxxx X. Xxxxxxx |
By: | /s/ Xxxx X. Xxxxxx | |||||
| Name: |
Xxxx X. Xxxxxxx |
Name: |
Xxxx X. Xxxxxx | |||||
| Title: |
Vice President, Counsel & Secretary |
Title: |
Chief Financial Officer & Treasurer | |||||
| GWCM – GW Funds Amendment to Expense Limitation Agreement dated 5/1/17 (All Core Funds Except MMF) | 2 of 5 |
SCHEDULE A
TO THE
GREAT-WEST FUNDS, INC.
Initial term ends on: April 30, 2018
| Fund
|
Expense Limitation Amount
| |
| Great-Xxxx Xxxxx Mid Cap Value Fund - Institutional Class, Investor Class and Class L Shares |
0.70% of the average daily net assets | |
| Great-West Bond Index Fund – Institutional Class, Investor Class and Class L Shares |
0.15% of the average daily net assets | |
| Great-West Core Bond Fund - Institutional Class, Investor Class and Class L Shares |
0.35% of the average daily net assets | |
| Great-West Xxxxxxx Sachs Mid Cap Value Fund - Institutional Class, Investor Class and Class L Shares |
0.80% of the average daily net assets | |
| Great-West International Index Fund - Institutional Class, Investor Class and Class L Shares |
0.32% of the average daily net assets | |
| Great-West Invesco Small Cap Value Fund - Institutional Class, Investor Class and Class L Shares |
0.83% of the average daily net assets | |
| Great-West Xxxxxx Xxxxxx Bond Fund - Institutional Class, Investor Class and Class L Shares |
0.55% of the average daily net assets | |
| Great-West Xxxxxx Xxxxxx Small Cap Value Fund - Institutional Class, Investor Class and Class L Shares |
0.74% of the average daily net assets | |
| Great-West MFS International Growth Fund - Institutional Class, Investor Class and Class L Shares |
0.85% of the average daily net assets | |
| Great-West MFS International Value Fund - Institutional Class, Investor Class and Class L Shares |
0.72% of the average daily net assets | |
| Great-West Multi-Manager Large Cap Growth Fund - Institutional Class, Investor Class and Class L Shares |
0.65% of the average daily net assets | |
| Great-West Multi-Manager Small Cap Growth Fund - Institutional Class, Investor Class and Class L Shares |
0.84% of the average daily net assets | |
| Great-West Xxxxxx Equity Income Fund – Institutional Class, Investor Class and Class L Shares |
0.75% of the average daily net assets | |
| Great-West Xxxxxx High Yield Bond Fund - Institutional Class, Investor Class and Class L Shares |
0.75% of the average daily net assets | |
| Great-West Real Estate Index Fund – Institutional Class, Investor Class and Class L Shares |
0.35% of the average daily net assets | |
| Great-West S&P 500® Index Fund - Institutional Class, Investor Class and Class L Shares |
0.23% of the average daily net assets | |
| Great-West S&P Mid Cap 400® Index Fund - Institutional Class, Investor Class and Class L Shares |
0.20% of the average daily net assets | |
| Great-West S&P Small Cap 600® Index Fund - Institutional Class, Investor Class and Class L Shares |
0.21% of the average daily net assets | |
| Great-West Short Duration Bond Fund - Institutional Class, Investor Class and Class L Shares |
0.25% of the average daily net assets | |
| Great-West Stock Index Fund - Institutional Class, Investor Class and Class L Shares |
0.25% of the average daily net assets | |
| Great-West X. Xxxx Price Equity Income Fund - Institutional Class, Investor Class and Class L Shares |
0.47% of the average daily net assets | |
| Great-West X. Xxxx Price Mid Cap Growth Fund - Institutional Class, Investor Class and Class L Shares |
0.67% of the average daily net assets | |
| Great-West Xxxxxxxxx Global Bond Fund - Institutional Class, Investor Class and Class L Shares |
0.66% of the average daily net assets | |
| Great-West U.S. Government Mortgage Securities Fund - Institutional Class, Investor Class and Class L Shares |
0.25% of the average daily net assets |
| GWCM – GW Funds Amendment to Expense Limitation Agreement dated 5/1/17 (All Core Funds Except MMF) | 3 of 5 |
FOURTH AMENDMENT TO THE EXPENSE LIMITATION AGREEMENT
This Fourth Amendment (this “Amendment”), effective September 10, 2018, is made to the Expense Limitation Agreement by and between Great-West Funds, Inc. (“Great-West Funds”) and Great-West Capital Management, LLC (the “Adviser”).
WHEREAS, Great-West Funds and Adviser are parties to an Expense Limitation Agreement, dated May 1, 2017, as amended on August 1, 2017, January 4, 2018, and May 17, 2018 (the “Agreement”) with respect to the funds included in Schedule A attached hereto; and
WHEREAS, pursuant to Section 3.4 of the Agreement, Great-West Funds and Adviser desire to amend the Agreement on the terms and conditions set forth herein.
NOW THEREFORE, in consideration of the promises and mutual covenants hereinafter contained, Great-West Funds and Adviser agree as follows:
| 1. | Schedule A of the Agreement is hereby deleted in its entirety and replaced with Schedule A attached hereto. |
| 2. | In the event of a conflict between the terms of this Amendment and the Agreement, the terms of this Amendment shall control. |
| 3. | This Amendment may be executed in two or more counterparts, each of which shall be an original and all of which together shall constitute one instrument. |
| 4. | Except as amended by this Amendment, all other provisions of the Agreement shall remain in full force and effect. |
[Remainder of page intentionally left blank; signature page to follow.]
| GWCM – GW Funds Amendment to Expense Limitation Agreement dated 5/1/17 (All Core Funds Except MMF and EME + GWCS Funds) | 1 of 4 |
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed in their names and on their behalf by and through duly authorized officers as of the Effective Date.
GREAT-WEST CAPITAL MANAGEMENT, LLC
| Attest: |
/s/ Xxxx X. Xxxx |
By: |
/s/ Xxxxx X. Xxxxxx | |||
| Name: |
Xxxx X. Xxxx |
Name: |
Xxxxx X. Xxxxxx | |||
| Title: |
Senior Counsel & Assistant Secretary |
Title: |
President & Chief Executive Officer | |||
GREAT-WEST FUNDS, INC.
| Attest: |
/s/ Xxxx X. Xxxx |
By: |
/s/ Xxxx X. Xxxxxx | |||
| Name: |
Xxxx X. Xxxx |
Name: |
Xxxx X. Xxxxxx | |||
| Title: |
Senior Counsel & Assistant Secretary |
Title: |
Chief Financial Officer & Treasurer | |||
| GWCM – GW Funds Amendment to Expense Limitation Agreement dated 5/1/17 (All Core Funds Except MMF and EME + GWCS Funds) | 2 of 4 |
SCHEDULE A
TO THE
EXPENSE LIMITATION AGREEMENT
GREAT-WEST FUNDS, INC.
The initial term ends on April 30, 2018 for all Funds with the exception of the Great-West Inflation-Protected Securities Fund, the Great-West Core Strategies: U.S. Equity Fund, the Great-West Core Strategies: International Equity Fund, the Great-West Core Strategies: Flexible Bond Fund, the Great-West Core Strategies: Inflation-Protected Securities Fund, and the Great-West Core Strategies: Short Duration Bond Fund.
For the Great-West Inflation-Protected Securities Fund the initial term ends on April 30, 2019.
For the Great-West Core Strategies: U.S. Equity Fund, the Great-West Core Strategies: International Equity Fund, the Great-West Core Strategies: Flexible Bond Fund, the Great-West Core Strategies: Inflation-Protected Securities Fund, and the Great-West Core Strategies: Short Duration Bond Fund the initial term ends on August 28, 2019.
| Fund
|
Expense Limitation Amount
| |
| Great-Xxxx Xxxxx Mid Cap Value Fund – Institutional Class, Investor Class and Class L Shares |
0.70% of the average daily net assets | |
| Great-West Bond Index Fund – Institutional Class, Investor Class and Class L Shares |
0.15% of the average daily net assets | |
| Great-West Core Bond Fund – Institutional Class, Investor Class and Class L Shares |
0.35% of the average daily net assets | |
| Great-West Core Strategies: Flexible Bond Fund– Institutional Class, Investor Class and Class L Shares |
0.45% of the average daily net assets | |
| Great-West Core Strategies: Inflation-Protected Securities Fund– Institutional Class, Investor Class and Class L Shares |
0.40% of the average daily net assets | |
| Great-West Core Strategies: International Equity Fund– Institutional Class, Investor Class and Class L Shares |
0.65% of the average daily net assets | |
| Great-West Core Strategies: Short Duration Bond Fund– Institutional Class, Investor Class and Class L Shares |
0.25% of the average daily net assets | |
| Great-West Core Strategies: U.S. Equity Fund– Institutional Class, Investor Class and Class L Shares |
0.55% of the average daily net assets | |
| Great-West Global Bond Fund - Institutional Class, Investor Class and Class L Shares |
0.66% of the average daily net assets | |
| Great-West Inflation-Protected Securities Fund – Institutional Class, Investor Class and Class L Shares |
0.35% of the average daily net assets | |
| Great-West International Growth Fund - Institutional Class, Investor Class and Class L Shares |
0.85% of the average daily net assets | |
| Great-West International Index Fund - Institutional Class, Investor Class and Class L Shares |
0.32% of the average daily net assets | |
| Great-West International Value Fund - Institutional Class, Investor Class and Class L Shares |
0.72% of the average daily net assets | |
| Great-West Invesco Small Cap Value Fund - Institutional Class, Investor Class and Class L Shares |
0.83% of the average daily net assets | |
| Great-West Large Cap Growth Fund - Institutional Class, Investor Class and Class L Shares |
0.65% of the average daily net assets | |
| Great-West Xxxxxx Xxxxxx Small Cap Value Fund - Institutional Class, Investor Class and Class L Shares |
0.74% of the average daily net assets | |
| Great-West Mid Cap Value Fund - Institutional Class, Investor Class and Class L Shares |
0.80% of the average daily net assets | |
| Great-West Multi-Sector Bond Fund - Institutional Class, Investor Class and Class L Shares |
0.55% of the average daily net assets | |
| Great-West Xxxxxx Equity Income Fund – Institutional Class, Investor Class and Class L Shares |
0.75% of the average daily net assets | |
| Great-West Xxxxxx High Yield Bond Fund - Institutional Class, Investor Class and Class L Shares |
0.75% of the average daily net assets | |
| Great-West Real Estate Index Fund – Institutional Class, Investor Class and Class L Shares |
0.35% of the average daily net assets | |
| Great-West S&P 500® Index Fund - Institutional Class, Investor Class and Class L Shares |
0.23% of the average daily net assets | |
| Great-West S&P Mid Cap 400® Index Fund - Institutional Class, Investor Class and Class L Shares |
0.20% of the average daily net assets |
| GWCM – GW Funds Amendment to Expense Limitation Agreement dated 5/1/17 (All Core Funds Except MMF and EME + GWCS Funds) | 3 of 4 |
| Great-West S&P Small Cap 600® Index Fund - Institutional Class, Investor Class and Class L Shares |
0.21% of the average daily net assets | |
| Great-West Short Duration Bond Fund - Institutional Class, Investor Class and Class L Shares |
0.25% of the average daily net assets | |
| Great-West Small Cap Growth Fund - Institutional Class, Investor Class and Class L Shares |
0.84% of the average daily net assets | |
| Great-West X. Xxxx Price Equity Income Fund - Institutional Class, Investor Class and Class L Shares |
0.47% of the average daily net assets | |
| Great-West X. Xxxx Price Mid Cap Growth Fund - Institutional Class, Investor Class and Class L Shares |
0.67% of the average daily net assets | |
| Great-West U.S. Government Securities Fund - Institutional Class, Investor Class and Class L Shares |
0.25% of the average daily net assets |
| GWCM – GW Funds Amendment to Expense Limitation Agreement dated 5/1/17 (All Core Funds Except MMF and EME + GWCS Funds) | 4 of 4 |
