EX-99.(H)(18) 12 a20-30081_1ex99dh18.htm EX-99.(H)(18)

Exhibit 99.(h)(18)

 

AMENDMENT TO

 

EXPENSE LIMITATION AGREEMENT

 

This Amendment (“AMENDMENT”), date as of August 18, 2020, amends that certain Expense Limitation Agreement (the “Agreement”), dated February 26, 2019, as amended, between Boston Trust Walden Funds (formerly The Boston Trust & Walden Funds), a Massachusetts business trust (the “Trust”) and Boston Trust Walden Inc. (formerly Boston Trust Investment Management, Inc.), a corporation organized under the laws of the Commonwealth of Massachusetts (the “Investment Adviser”). All capitalized terms used but not defined herein shall have the meanings given to them in the Agreement.

 

WHEREAS, the parties wish to amend the Agreement pursuant to this Amendment to update Schedule A, effective September 30, 2020, to reflect (1) the name changes and re-designation of the funds listed below; and (2) the merger of Walden Small Cap Fund into Boston Trust Walden Small Cap Fund, as follows:

 

Current Name

 

Re-Designated Name

Walden Equity Fund

 

Boston Trust Walden Equity Fund

Walden Balanced Fund

 

Boston Trust Walden Balanced Fund

Walden International Equity Fund

 

Boston Trust Walden International Equity Fund

Walden Midcap Fund

 

Boston Trust Walden Midcap Fund

Walden SMID Cap Fund

 

Boston Trust Walden SMID Cap Fund

Boston Trust Small Cap Fund

 

Boston Trust Walden Small Cap Fund

Walden Small Cap Fund

 

N/A. Series merged into Boston Trust Walden Small Cap Fund in April 2020.

 

NOW, THEREFORE, in consideration of the mutual covenants and promises hereinafter contained and for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Trust and the Investment Adviser hereby agree as follows:

 

1.              Schedule A

 

Effective September 30, 2020, Schedule A to the Agreement is hereby deleted in its entirety and replaced with the Schedule A attached to the end of this amendment.

 

2.              Miscellaneous.

 

(a)           This Amendment supplements and amends the Agreement. The provisions set forth in this Amendment supersede all prior negotiations, understandings and agreements bearing upon the subject matter covered herein, including any conflicting provisions of the Agreement or any provisions of the Agreement that directly cover or indirectly bear upon matters covered under this Amendment.

 

(b)           Each reference to the Agreement in the Agreement (as it existed prior to this Amendment) and in every other agreement, contract or instrument to which the parties are bound, shall hereafter be construed as a reference to the Agreement as amended by this

 

1

 

Amendment. Except as provided in this Amendment, the provisions of the Agreement remain in full force and effect. No amendment or modification to this Amendment shall be valid unless made in writing and executed by both parties hereto.

 

(c)           Paragraph headings in this Amendment are included for convenience only and are not to be used to construe or interpret this Amendment.

 

(d)           This Amendment may be executed in counterparts, each of which shall be an original but all of which, taken together, shall constitute one and the same agreement.

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the day and year first above written.

 

 

 

BOSTON TRUST WALDEN FUNDS

 

 

 

 

 

 

 

By:

/s/ Lucia Santini

 

 

 

 

Name:

Lucia Santini

 

 

 

 

Title:

President

 

 

 

 

 

 

 

BOSTON TRUST WALDEN INC.

 

 

 

 

 

 

 

By:

/s/ Lucia Santini

 

 

 

 

Name:

Lucia Santini

 

 

 

 

Title:

President

 

2

 

Dated: August 18, 2020

Effective:  September 30, 2020

 

SCHEDULE A

TO THE

EXPENSE LIMITATION AGREEMENT

BETWEEN

BOSTON TRUST WALDEN FUNDS

AND

BOSTON TRUST WALDEN INC.

 

OPERATING EXPENSE LIMITS

 

Name of Fund

 

Maximum Operating Expense Limit*

 

 

 

 

 

Boston Trust Asset Management Fund

 

1.00

%

 

 

 

 

Boston Trust Equity Fund

 

1.00

%

 

 

 

 

Boston Trust Midcap Fund

 

1.00

%

 

 

 

 

Boston Trust SMID Cap Fund

 

0.75

%

 

 

 

 

Boston Trust Walden Small Cap Fund

 

1.00

%

 

 

 

 

Boston Trust Walden Balanced Fund

 

1.00

%

 

 

 

 

Boston Trust Walden Equity Fund

 

1.00

%

 

 

 

 

Boston Trust Walden Midcap Fund

 

1.00

%

 

 

 

 

Boston Trust Walden SMID Cap Fund

 

1.00

%

 

 

 

 

Boston Trust Walden International Equity Fund

 

1.10

%

 

 

BOSTON TRUST WALDEN FUNDS

 

BOSTON TRUST WALDEN INC.

 

 

 

 

 

By:

/s/ Lucia Santini

 

By:

/s/ Lucia Santini

 

 

 

 

 

Name:

Lucia Santini

 

Name:

Lucia Santini

 

 

 

 

 

Title:

President

 

Title:

President

 

*Expressed as a percentage of the Fund’s average daily net assets

 

3