FORM OF Management Fee Waiver Agreement
Exhibit 99.(d)(xx)
FORM OF
Management Fee Waiver Agreement
This Management Fee Waiver Agreement (the “Agreement”) is made and entered into as of this 1st day of April, 2013 between Lord, Xxxxxx & Co LLC (“Lord Xxxxxx”) and Lord Xxxxxx Investment Trust (the “Trust”) with respect to Lord Xxxxxx Balanced Strategy Fund (“Balanced Strategy Fund”), Lord Xxxxxx Diversified Equity Strategy Fund (“Diversified Equity Strategy Fund”), Lord Xxxxxx Diversified Income Strategy Fund (“Diversified Income Strategy Fund”) and Lord Xxxxxx Growth & Income Strategy Fund (“Growth & Income Strategy Fund”) (collectively, the “Funds”).
In consideration of good and valuable consideration, receipt of which is hereby acknowledged, it is agreed as follows:
|
|
|
|
|
|
1. |
With respect to Balanced Strategy Fund, Diversified Income Strategy Fund and Growth & Income Strategy Fund, Lord Xxxxxx agrees for the time period set forth in paragraph 3 below to waive a portion of its management fee payable under the Management Agreement between Lord Xxxxxx and the Trust with respect to each Fund so that such management fee would be equal to an annual rate of 0.07%. |
|
|
|
|
|
|
2. |
With respect to Diversified Equity Strategy Fund, Lord Xxxxxx agrees for the time period set forth in paragraph 3 below to waive a portion of its management fee payable under the Management Agreement between Lord Xxxxxx and the Trust with respect to each Fund so that such management fee would be equal to an annual rate of 0.05%. |
|
|
|
|
|
|
3. |
This Agreement will be effective from April 1, 2013 through March 31, 2014. This Agreement may be terminated only by the Board of Trustees of the Trust upon written notice to Lord Xxxxxx. |
[Signatures follow on next page]
-2-
IN WITNESS WHEREOF, Lord Xxxxxx and the Trust have caused this Agreement to be executed by a duly authorized member and officer, respectively, to become effective as of the day and year first above written.
|
|
|
|
|
|
|
Lord Xxxxxx Investment Trust |
||
|
|
|
|
|
|
|
By: |
|
|
|
|
|
|
|
|
|
|
Xxxxxx X. Xxxxxxxx |
|
|
|
|
Vice President and Assistant Secretary |
|
|
|
|
|
|
|
|
Lord, Xxxxxx & Co. llc |
|
|
|
|
|
|
|
|
|
By: |
|
|
|
|
|
|
|
|
|
|
Xxxxxxxx X. Xxxxxx |
|
|
|
|
Member and General Counsel |
|
-3-
