THE DREYFUS CORPORATION
Exhibit (d)(5)
THE DREYFUS CORPORATION
000 Xxxx Xxxxxx
New York, New York 10166
October 31, 2017
BNY Mellon Absolute Insight Funds, Inc.
000 Xxxx Xxxxxx
New York, New York 10166
| Re: | Expense Limitation − BNY Mellon Insight Core Plus Fund |
Ladies and Gentlemen:
The Dreyfus Corporation ("Dreyfus"), intending to be legally bound, hereby confirms its agreement in respect of BNY Mellon Insight Core Plus Fund (the "Fund"), a series of BNY Mellon Absolute Insight Funds, Inc. (the "Company"), as follows:
Until April 30, 2019, Dreyfus will waive receipt of its fees and/or assume the expenses of the 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 0.45% of the value of the Fund's average daily net assets. On or after April 30, 2019, Dreyfus 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 Dreyfus to lower the net amounts shown and may only be terminated prior to April 30, 2019 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 | ||
| Chief Operating Officer | ||
Accepted and Agreed To:
| BNY MELLON ABSOLUTE INSIGHT FUNDS, INC., | ||
| On Behalf of BNY Mellon Insight Core Plus Fund | ||
| By: | ||
| Xxxxx Xxxxxxx | ||
| Treasurer | ||
