Expense Limitation Agreement (General)Clayton Street Trust • April 29th, 2024
Expense Limitation Agreement (Affiliated Funds)Clayton Street Trust • April 29th, 2024
As you know, Section 5 of our Investment Advisory Agreement provides for compensation payable to Janus Henderson Investors US LLC (the “Adviser”) with respect to Protective Life Dynamic Allocation Series - Conservative Portfolio, Moderate Portfolio and Growth Portfolio (each a “Fund”). This letter is to inform you that the Adviser will waive and/or reimburse to the Funds a portion of its management fee in an amount equal to a portion of the management fee it earns as investment adviser to affiliated exchange traded funds (“ETFs") in which a Fund invests (if any), for at least the period from April 29, 2024 until May 1, 2025, set forth as follows:
