EX-99.28.D.3.XVI 3 fp0055663_ex9928d3xvi.htm

AMENDED SCHEDULE A,

dated July 29, 2020,

to the

AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT,

dated December 31, 2019, between

THE ADVISORS’ INNER CIRCLE FUND III

and

PENN MUTUAL ASSET MANAGEMENT, LLC

MAXIMUM ANNUAL OPERATING EXPENSE LIMITS

 

This Agreement relates to the following Funds of the Trust:

 

Name of Fund Share Class Maximum Annual Operating Expense Limit Initial Term End Date

Penn Mutual AM Strategic Income Fund

I 1.00% May 31, 2019

Penn Mutual AM 1847 Income Fund

I 1.00% May 31, 2022

 

ACKNOWLEDGED AND ACCEPTED BY:

 

THE ADVISORS’ INNER CIRCLE FUND III   PENN MUTUAL ASSET MANAGEMENT, LLC  
           
By: /s/Michael Beattie   By: /s/Keith G. Huckerby  
Name: Michael Beattie   Name: Keith G. Huckerby  
Title: President   Title: President and Chief Operating Officer