THE DREYFUS CORPORATION
THE DREYFUS CORPORATION
000 Xxxx Xxxxxx
New York, New York 10166
September 4, 2014
000 Xxxx Xxxxxx
New York, New York 10166
Re: Expense Limitation
Ladies and Gentlemen:
The Dreyfus Corporation ("Dreyfus"), intending to be legally bound, hereby confirms its agreement in respect of Dreyfus Strategic Beta Emerging Markets Equity Fund, Dreyfus Strategic Beta Global Equity Fund and Dreyfus Strategic Beta U.S. Equity Fund (each, a "Fund"), each a series of Dreyfus Opportunity Funds (the "Company"), as follows:
Until October 1, 2015, to waive receipt of its fees and/or assume the expenses of each Fund so that the expenses of none of the classes (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed the percentage set forth on Schedule A hereto. On or after October 1, 2015, Xxxxxxx may terminate this expense limitation at any time.
This Agreement may only be amended by agreement of the Company, on behalf of each Fund, upon the approval of the Board of Trustees of the Company and Dreyfus to lower the net amounts shown and may only be terminated prior to October 1, 2015, with respect to a Fund, in the event of termination of the Management Agreement between Dreyfus and the Company with respect to the Fund.
|
THE DREYFUS CORPORATION
|
||
|
By:
|
______________________________ | |
|
Xxxxxxx X. Xxxxxxx
|
||
|
President
|
||
|
Accepted and Agreed To:
|
|
On Behalf of Dreyfus Strategic Beta Emerging Markets Equity Fund,
|
|
Dreyfus Strategic Beta Global Equity Fund and Dreyfus Strategic Beta U.S. Equity Fund
|
|
By:
|
___________________________ |
|
Xxxxx Xxxxxxx
|
|
|
Treasurer
|
|
|
Schedule A
|
|
Maximum Annual Direct Fund Operating Expenses
|
|
|
Fund
|
(as a percentage of average daily net assets)
|
|
Dreyfus Strategic Beta
|
|
|
Emerging Markets Equity Fund
|
.75%
|
|
Dreyfus Strategic Beta
|
|
|
Global Equity Fund
|
.60%
|
|
Dreyfus Strategic Beta
|
|
|
U.S. Equity Fund
|
.50%
|
