BNY MELLON INVESTMENT ADVISER, INC. 240 Greenwich Street New York, New York 10286
BNY MELLON INVESTMENT ADVISER, INC.
000 Xxxxxxxxx Xxxxxx
New York, New York 10286
August 5, 2024
BNY Mellon Absolute Insight Funds, Inc.
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Re: Expense Limitation Agreement – BNY Mellon Core Plus Fund
To Whom It May Concern:
Effective August 30, 2024, BNY Mellon Investment Adviser, Inc. ("BNYM Investment Adviser"), intending to be legally bound, hereby confirms its agreement in respect of BNY Mellon Core Plus Fund (the "Fund"), a series of BNY Mellon Absolute Insight Funds, Inc. (the "Company"), as follows:
Until August 30, 2025, BNY Mellon Investment Adviser, Inc. has contractually agreed to waive receipt of its fees and/or assume the direct expenses of the Fund so that the direct expenses of none of the Fund's share classes (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest expense, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed 0.45%. On or after August 30, 2025, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation at any time.
This Agreement may only be amended by agreement of the Company, on behalf of the Fund, upon the approval of the Board of Directors of the Company and BNYM Investment Adviser, to lower the net amounts shown and may only be terminated prior to August 30, 2025 in the event of termination of the Management Agreement between BNYM Investment Adviser and the Company with respect to the Fund.
BNY MELLON INVESTMENT ADVISER, INC.
By: /s Xxxxx Xxxxxxx
Xxxxx Xxxxxxx
Director
Accepted and Agreed To:
BNY MELLON ABSOLUTE INSIGHT FUNDS, INC.,
On Behalf of BNY Mellon Core Plus Fund
By: /s/ Xxxxx X. Xxxxxxxx
Xxxxx X. Xxxxxxxx
Secretary |