Re: Expense Limitation Letter Agreement
Exhibit (h)(6)
Xxxx Xxxxxxx Investment Management LLC Xxxxxx, XX 00000 |
 |
December 15, 2022
To the Trustees of
Xxxx Xxxxxxx Collateral Trust
000 Xxxxxxxx Xxxxxx
Boston, MA 02116
| Re: | Expense Limitation Letter Agreement |
With reference to the Advisory Agreement entered into by and between Xxxx Xxxxxxx Investment Management LLC (the “Adviser”) and Xxxx Xxxxxxx Collateral Trust (the “Trust”), on behalf of its series Xxxx Xxxxxxx Collateral Trust (the “Fund”), we hereby notify you as follows:
1. The Adviser agrees to contractually waive its advisory fee for the Fund as set forth in the appendix attached hereto.
2. We understand and intend that the Trust will rely on this undertaking in accruing the Fund’s expenses for purposes of calculating its net and gross asset value per share, and for other purposes permitted under the Investment Company Act of 1940, as amended, and we expressly permit the Trust so to rely.
| Very truly yours, | ||
| XXXX XXXXXXX INVESTMENT MANAGEMENT LLC | ||
| By: | /s/ Xxxxxxx X. Xxxx | |
| Xxxxxxx X. Xxxx | ||
| Chief Financial Officer | ||
| Agreed and Accepted | ||
| on behalf of Xxxx Xxxxxxx Collateral Trust | ||
| By: | /s/ Xxxxxxx X. Xxxxx | |
| Xxxxxxx X. Xxxxx | ||
| Chief Financial Officer | ||
APPENDIX A
Fund Level Contractual Investment Management Waiver
For purposes of this Appendix:
The Adviser contractually agrees to waive its advisory fee by 0.45% of the Fund’s average daily net assets. This fee waiver expires April 30, 2024, unless renewed by mutual agreement of the Fund and the Adviser based upon a determination that this is appropriate under the circumstances at that time.*
*At the December 13-15, 2022 meeting of the Board of Trustees of the Trust, the Adviser notified the Board of, and the Board approved, the extension of the expiration date (to April 30, 2024) of the fee waiver arrangement, effective upon the current expiration date of April 30, 2023.
| A-1 |
