CLOUGH CAPITAL PARTNERS L.P.Expense Limitation Agreement • February 28th, 2020 • Clough Funds Trust
This letter confirms the agreement by Clough Capital Partners L.P. (the “Adviser”) with the Trust to contractually limit the total expenses of the Fund as set forth herein. To the extent the Total Annual Fund Operating Expenses (as defined in Item 3 to Form N-1A), after such expense reimbursement and/or fee waiver (excluding Rule 12b-1 Distribution and Service Fees, Shareholder Services Fees, acquired fund fees and expenses, interest, taxes, brokerage costs and commissions, dividend and interest expense on short sales, litigation, indemnification and extraordinary expenses as determined under generally accepted accounting principles), exceed 1.25% for each of the Class A, Investor Class, Class C and Class I shares of the Fund, the Adviser will waive a portion of its advisory fees to the extent of such excess and/or shall reimburse and/or cause a third-party to reimburse the Fund (or class as applicable) by the amount of such excess. The waiver or reimbursement shall be allocated to eac
Amendment to Management AgreementManagement Agreement • February 28th, 2020 • Clough Funds Trust
This Amendment dated as of September 30, 2019 (this “Amendment”) is to the Management Agreement dated as of September 30, 2015 (the “Agreement”), between Clough Funds, a Delaware statutory trust (the “Trust”) and Clough Capital Partners L.P., a Delaware Corporation (the “Manager”). Any items not herein defined shall have the meaning ascribed to them in the Agreement.
