BNY MELLON INVESTMENT ADVISER, INC. 240 Greenwich Street

BNY MELLON INVESTMENT ADVISER, INC.
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New York, New York  10286

December 1, 2020

BNY Mellon Investment Grade Funds, Inc.

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Re:       Expense Limitation

To Whom It May Concern:

BNY Mellon Investment Adviser, Inc. ("BNYM Investment Adviser"), intending to be legally bound, hereby confirms its agreement in respect of BNY Mellon Short Term Income Fund (the "Fund"), a series of BNY Mellon Investment Grade Funds, Inc. (the "Trust"), as follows:

 

Until December 1, 2021, BNYM Investment Adviser will waive receipt of its fees and/or assume the direct expenses of the Fund so that the direct expenses of the fund (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed 0.45%.  On or after December 1, 2021, BNYM Investment Adviser may terminate this expense limitation at any time.

 

This Agreement may only be amended by agreement of the Trust, on behalf of the Fund, upon the approval of the Board of Directors of the Trust and BNYM Investment Adviser to lower the net amounts shown and may only be terminated prior to December 1, 2021, in the event of termination of the Management Agreement between BNYM Investment Adviser and the Trust with respect to the Fund.

 

                                                                        BNY MELLON INVESTMENT ADVISER, INC.

                                                                                   

 

 

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                                                                               Secretary

 

Accepted and Agreed To:

 

BNY MELLON INVESTMENT GRADE FUNDS, INC.

 

 

 

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       Treasurer