CONTRACTUAL FEE/EXPENSE WAIVER AGREEMENT

Exhibit (h)(18)

CONTRACTUAL FEE/EXPENSE WAIVER AGREEMENT

Agreement effective as of the 2nd day of February 2011 by and between the Xxxxxx Funds, a Massachusetts business trust (the “Trust”) and Xxxxxx Investment Partners, Inc., a Pennsylvania corporation (“TIP”).

TIP hereby agrees to limit the net total operating expenses at the levels indicated through February 2, 2012 for the Xxxxxx Market Neutral Fund:

Xxxxxx Market Neutral Fund:		Net Total Operating Expenses
Institutional Class		1.95	%
Investor Class		2.20	%
Class C		2.95	%

This Agreement shall be renewable at the end of each one year term for an additional one year term upon the written agreement of the parties hereto.

IN WITNESS WHEREOF, intending to be legally bound hereby, the parties hereto have caused this Agreement to be executed by their officers designated below effective as of the day and year first above written.

XXXXXX FUNDS			XXXXXX INVESTMENT PARTNERS, INC.
By:	/s/ Xxxxxx X. Xxxxx			By:	/s/ Xxxxx X. XxXxxxx
	Signature				Signature
Name:	Xxxxxx X. Xxxxx			Name:	Xxxxx X. XxXxxxx
	Printed				Printed
Title:	President and Chief Executive Officer			Title:	General Counsel and Chief
					Compliance Officer - Principal