FIRST AMENDMENT TO OPERATING EXPENSE LIMITATION AGREEMENT Between MILLER INVESTMENT TRUST and MILLER INTERMEDIATE BOND FUND

FIRST AMENDMENT TO OPERATING EXPENSE LIMITATION AGREEMENT

Between

▇▇▇▇▇▇ INVESTMENT TRUST

and

▇▇▇▇▇▇ INTERMEDIATE BOND FUND

 

THIS FIRST AMENDMENT TO THE OPERATING EXPENSE LIMITATION AGREEMENT (the “First Amendment”) is made and entered into as of June 14, 2019, between ▇▇▇▇▇▇ Investment Trust, a Delaware statutory trust (the “Trust”), and Wellesley Asset Management, Inc. (the “Adviser”) on behalf of the ▇▇▇▇▇▇ Intermediate Bond Fund (the “Fund”).

 

RECITALS:

 

WHEREAS, the parties previously entered into that certain Operating Expense Limitation Agreement between ▇▇▇▇▇▇ Investment Trust and the Adviser dated as of June 24, 2014 (the “Agreement”);

 

WHEREAS, the Adviser has subsequently agreed to lower the annual operating expense limitation fee as a percentage of net assets of the Fund;

 

NOW, THEREFORE, the parties hereto agree as follows:

 

Appendix A of the Agreement is hereby replaced with the following:

 

NAME OF FUND	ANNUAL ADVISORY FEE AS A % OF AVERAGE NET ASSETS OF THE FUND
▇▇▇▇▇▇ Intermediate Bond Fund
Class A	1.20%
Class C	1.95%
Class I	0.95%

 

IN WITNESS WHEREOF, the parties have caused this First Amendment to be signed by their respective officers thereunto duly authorized as of the date and year first above written.

 

▇▇▇▇▇▇ INVESTMENT TRUST

 

 

 

By: _/s/ ▇▇▇▇ Miller________________

Name: ▇▇▇▇ ▇▇▇▇▇▇

Title: President

 

 

WELLESLEY ASSET MANAGEMENT, INC.

 

 

 

By: _/s/ ▇▇▇▇ Miller________________

Name: ▇▇▇▇ ▇▇▇▇▇▇

Title: President