# WAIVED FEES AND REIMBURSED EXPENSES
The waived fees and/or reimbursed expenses represent amounts exceeding the total expense ratio caps of each Sub-Fund during the financial period. These amounts are reimbursed by the Investment Adviser to each relevant Sub-Fund when the actual total expense ratio of each class exceeds the following rates:
|  | Class A | Class AP | Class I | Class IP | Class Z | Class ZP | Service Class |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 2 Degree Global Equity Fund | 1.20% | N/A | 0.65% | N/A | 0.65% | N/A | N/A |
| Alternative Risk Premia Fund | N/A | N/A | 0.70 | N/A | N/A | N/A | N/A |
| China A Focus Fund | 1.80 | N/A | 1.15 | N/A | 1.15 | N/A | N/A |
| Climate Focused Emerging Markets Equity Fund | N/A | N/A | 0.45 | N/A | N/A | N/A | N/A |
| Climate Focused Global Equity Fund | N/A | N/A | 0.40 | N/A | N/A | N/A | N/A |
| Climate Focused U.S. Equity Fund | N/A | N/A | 0.35 | N/A | N/A | N/A | N/A |
| Climate Transition Global Investment Grade Credit Fund | 0.95 | N/A | 0.45 | N/A | 0.45 | N/A | N/A |
| Emerging Markets Equity Fund | 1.94 | N/A | 1.15 | N/A | 1.19 | N/A | N/A |
| Emerging Markets Equity Income Fund | 2.00 | N/A | 1.25 | N/A | 1.25 | N/A | N/A |
| EUR Investment Grade Credit Fund | 0.95 | N/A | 0.45 | N/A | 0.45 | N/A | N/A |
| EUR Short Duration Credit Fund | 0.85 | N/A | 0.35 | N/A | 0.35 | N/A | N/A |
| Global Equity Fund | 1.90 | N/A | 1.15 | N/A | 1.15 | N/A | N/A |
| Global Equity Enhanced Income Fund | 1.40 | N/A | 0.70 | N/A | 0.70 | N/A | N/A |
| Global Factor Enhanced Equity Fund | 0.40 | N/A | 0.25 | N/A | 0.25 | N/A | N/A |
| Global Long/Short Equity Fund | N/A | 1.75% | N/A | 1.00% | N/A | 1.00% | N/A |
| Global Small Cap Equity Fund | N/A | N/A | 0.95 | N/A | N/A | N/A | N/A |
| Small Cap Innovation Fund | 1.80 | N/A | 0.95 | N/A | 0.95 | N/A | N/A |
| U.S. All Cap Growth Fund | 1.84 | N/A | 1.00 | N/A | 1.04 | N/A | N/A |
| U.S. Large Cap Growth Fund | 1.74 | N/A | 0.90 | N/A | 0.94 | N/A | N/A |
| U.S. Select Equity Fund | 1.85 | N/A | 1.15 | N/A | 1.15 | N/A | N/A |
| U.S. Short-Term High Yield Bond Fund | 1.30 | N/A | 0.80 | N/A | 0.80 | N/A | N/A |
| USD Government Money Market Fund | N/A | N/A | 0.20 | N/A | N/A | N/A | 0.45% |
| USD Investment Grade Credit Fund | 0.95 | N/A | 0.45 | N/A | 0.45 | N/A | N/A |

Prior to 1 December 2021, the total expense caps of the following Sub-Funds were as follows:
|  | Class A | Class I | Class Z |
| --- | --- | --- | --- |
| Emerging Markets Equity Fund | 2.20% | 1.45% | 1.45% |
| Emerging Markets Equity Income Fund | 2.15 | 1.40 | 1.40 |
| U.S. All Cap Growth Fund | 1.90 | 1.10 | 1.10 |
| U.S. Large Cap Growth Fund | 1.80 | 1.00 | 1.05 |
| U.S. Select Equity Fund | 2.20 | 1.40 | 1.40 |
| U.S. Short-Term High Yield Bond Fund | 1.60 | 0.80 | 0.90 |

The total expense caps for Class X Shares and Class Y Shares are based on separate negotiated agreements.
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Translation (ENDE, 2022-03-31):
# GEBÜHRENVERZICHT UND AUFWANDSRÜCKERSTATTUNG
Ein etwaiger Gebührenverzicht und/oder eine Aufwandsrückerstattung beziehen sich auf Beträge, die für den Berichtszeitraum über den maximalen Gesamtkostenquoten (TER) eines jeden Teilfonds liegen. Derlei Beträge werden den jeweiligen Teilfonds vom Anlageberater zurückerstattet, wenn die tatsächliche TER einer jeden Anteilsklasse die im Folgenden aufgeführten Sätze überschreitet:
|  |  | Klasse A | Klasse AP | Klasse I | Klasse IP | Klasse Z | Klasse ZP | Service-Klasse |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 2 Degree Global Equity Fund |  | 1,20 % | - | 0,65 % | - | 0,65 % | - | - |
| Alternative Risk Premia Fund |  | - | - | 0,70 | - | - | - | - |
| China A Focus Fund |  | 1,80 | - | 1,15 | - | 1,15 | - | - |
| Climate Focused Emerging Markets Equity Fund |  | - | - | 0,45 | - | - | - | - |
| Climate Focused Global Equity Fund |  | - | - | 0,40 | - | - | - | - |
| Climate Focused U.S. Equity Fund |  | - | - | 0,35 | - | - | - | - |
| Climate Transition Global Investment Grade Credit Fund |  | 0,95 | - | 0,45 | - | 0,45 | - | - |
| Emerging Markets Equity Fund |  | 1,94 | - | 1,15 | - | 1,19 | - | - |
| Emerging Markets Equity Income Fund |  | 2,00 | - | 1,25 | - | 1,25 | - | - |
| EUR Investment Grade Credit Fund |  | 0,95 | - | 0,45 | - | 0,45 | - | - |
| EUR Short Duration Credit Fund |  | 0,85 | - | 0,35 | - | 0,35 | - | - |
| Global Equity Fund |  | 1,90 | - | 1,15 | - | 1,15 | - | - |
| Global Equity Enhanced Income Fund |  | 1,40 | - | 0,70 | - | 0,70 | - | - |
| Global Factor Enhanced Equity Fund |  | 0,40 | - | 0,25 | - | 0,25 | - | - |
| Global Long/Short Equity Fund |  | - | 1,75 % | - | 1,00 % | - | 1,00 % | - |
| Global Small Cap Equity Fund |  | - | - | 0,95 | - | - | - | - |
| Small Cap Innovation Fund |  | 1,80 | - | 0,95 | - | 0,95 | - | - |
| U.S. All Cap Growth Fund |  | 1,84 | - | 1,00 | - | 1,04 | - | - |
| U.S. Large Cap Growth Fund |  | 1,74 | - | 0,90 | - | 0,94 | - | - |
| U.S. Select Equity Fund |  | 1,85 | - | 1,15 | - | 1,15 | - | - |
| U.S. Short-Term High Yield Bond Fund |  | 1,30 | - | 0,80 | - | 0,80 | - | - |
| USD Government Money Market Fund |  | - | - | 0,20 | - | - | - | 0,45 % |
| USD Investment Grade Credit Fund |  | 0,95 | - | 0,45 | - | 0,45 | - | - |

Vor dem 1. Dezember 2021 lauteten die Gesamtkostenobergrenzen der folgenden Teilfonds wie folgt:
|  |  | Klasse A |  | Klasse I |  | Klasse Z |
| --- | --- | --- | --- | --- | --- | --- |
| Emerging Markets Equity Fund |  | 2,20 % |  | 1,45 % |  | 1,45 % |
| Emerging Markets Equity Income Fund |  | 2,15 |  | 1,40 |  | 1,40 |
| U.S. All Cap Growth Fund |  | 1,90 |  | 1,10 |  | 1,10 |
| U.S. Large Cap Growth Fund |  | 1,80 |  | 1,00 |  | 1,05 |
| U.S. Select Equity Fund |  | 2,20 |  | 1,40 |  | 1,40 |
| U.S. Short-Term High Yield Bond Fund |  | 1,60 |  | 0,80 |  | 0,90 |

Die Gesamtkostenobergrenzen für Anteile der Klasse X und Anteile der Klasse Y werden in gesonderten Vereinbarungen festgelegt.
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