BNY MELLON INVESTMENT ADVISER, INC.
240 Greenwich Street
New York, New York 10286
January 27, 2021
BNY Mellon Investment Funds I
240
Greenwich Street
New York, New York 10286
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 Small Cap Value Fund (the "Fund"), a series of BNY Mellon Investments Funds I (the "Company"), as follows:
Until February 1, 2022, BNYM Investment Adviser will waive receipt of its fees and/or assume the direct expenses of Class Y shares so that the annual fund operating expenses for Class Y shares (excluding taxes, interest, brokerage commissions, commitment fees on borrowings and extraordinary expenses) do not exceed 1.00%. On or after February 1, 2022, BNYM Investment Adviser may terminate this expense limitation agreement 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 Trustees of the Company and BNYM Investment Adviser to lower the net amounts shown and may only be terminated prior to February 1, 2022, in the event of termination of the Management Agreement between BNYM Investment Adviser and the Company with respect to the Fund.
BNY MELLON INVESTMENT ADVISER, INC.
By:
/s/ James Bitetto
James Bitetto
Secretary
Accepted and Agreed To:
BNY MELLON INVESTMENT FUNDS I
On Behalf of BNY Mellon Small Cap Value Fund
By: /s/ James Windels
James Windels
Treasurer