Exhibit No. EX-99.h.4
Delaware Management Company
0000 Xxxxxx Xxxxxx
Xxxxxxxxxxxx, XX 00000
January __, 2007
Delaware Pooled Trust
0000 Xxxxxx Xxxxxx
Xxxxxxxxxxxx, XX 00000
Re: Expense Limitations
Ladies and Gentlemen:
By our execution of this letter agreement (the "Agreement"), intending to
be legally bound hereby, Delaware Management Company, a series of Delaware
Management Business Trust (the "Manager"), agrees that in order to improve the
performance of Delaware Global Real Estate Securities Portfolio (the
"Portfolio"), which is a series of Delaware Pooled Trust, the Manager shall
waive all or a portion of its investment advisory fees and/or reimburse expenses
(excluding any 12b-1 plan expenses, taxes, interest, inverse floater program
expenses, brokerage fees, short-sale dividend and interest expenses, certain
insurance costs and non-routine expenses or costs, including but not limited to,
those relating to reorganizations, litigation, conducting shareholder meetings
and liquidations [collectively, "non-routine expenses"]) in an aggregate amount
equal to the amount by which the Portfolio's total operating expenses (excluding
any 12b-1 plan expenses, taxes, interest, brokerage fees, short-sale dividend
and interest expenses, certain insurance costs and non-routine expenses) exceed
1.10% of average daily net assets of the Portfolio for the period January 10,
2007 through February 28, 2008. For purposes of this Agreement, non-routine
expenses may also include such additional costs and expenses as may be agreed
upon from time to time by the Portfolio's Board and the Manager.
The Manager acknowledges that it (1) shall not be entitled to collect on,
or make a claim for, waived fees at any time in the future, and (2) shall not be
entitled to collect on, or make a claim for, reimbursed Portfolio expenses at
any time in the future.
Delaware Management Company, a series of
Delaware Management Business Trust
By: _________________________
Name:
Title:
Date:
Your signature below acknowledges
acceptance of this Agreement:
Delaware Pooled Trust
By: _________________________
Name:
Title:
Date: