Expense Limitation Agreement

Exhibit 99.(d)(xii)

Expense Limitation Agreement

This Expense Limitation Agreement (the “Agreement”) is made and entered into this 1^st day of February, 2024 between Lord, ▇▇▇▇▇▇ & Co. LLC (“Lord ▇▇▇▇▇▇”) and ▇▇▇▇ ▇▇▇▇▇▇ Trust I (the “Trust”) with respect to Lord ▇▇▇▇▇▇ Diversification Shares: Core Completion Fund, Lord ▇▇▇▇▇▇ Diversification Shares: Core Plus Completion Fund, ▇▇▇▇ ▇▇▇▇▇▇ Diversification Shares: Enhanced Municipal Yield Completion Fund and Lord ▇▇▇▇▇▇ Diversification Shares: Short Duration Completion Fund (each, a “Fund” and collectively, the “Funds”).

In consideration of good and valuable consideration, receipt of which is hereby acknowledged, it is agreed as follows:

	1.	Shares of the Funds are available only to separately managed account clients where ▇▇▇▇ ▇▇▇▇▇▇ has an agreement with the separately managed account program sponsor, or directly with the client, to provide advisory and administrative and other similar services for compensation.
	2.	With respect to each Fund, ▇▇▇▇ ▇▇▇▇▇▇ agrees to waive its compensation (if any is provided for) under the Management Agreement and the Amended and Restated Administrative Services Agreement, each as between ▇▇▇▇ ▇▇▇▇▇▇ and the Trust with respect to the Funds, and, to the extent necessary, to bear and/or reimburse the expenses of the Funds including organizational and offering expenses, but excluding acquired fund fees and expenses, brokerage fees and commissions and other portfolio transaction expenses, investment-related expenses including, but not limited to costs of borrowing money and other leveraging methods, interest-related expenses, taxes, governmental fees, expenses related to litigation and potential litigation, and extraordinary expenses.

3. This Agreement will become effective as of the Funds’ commencement of operations and shall continue in effect for so long as ▇▇▇▇ ▇▇▇▇▇▇ serves as the investment adviser to the Funds pursuant to the Management Agreement between ▇▇▇▇ ▇▇▇▇▇▇ and the Trust, with respect to the Funds.

4. This Agreement may be terminated only by the Board of Trustees of the Trust upon written notice to ▇▇▇▇ ▇▇▇▇▇▇.

[Signatures follow on next page]

IN WITNESS WHEREOF, ▇▇▇▇ ▇▇▇▇▇▇ and the Trust have caused this Agreement to be executed by a duly authorized member and officer, respectively, as of the day and year first above written.

	LORD ▇▇▇▇▇▇ TRUST I
	By:	/s/▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
		▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
		Vice President and Assistant Secretary
	▇▇▇▇, ▇▇▇▇▇▇ & CO. LLC
	By:	/s/▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
		▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
		Member and Chief Legal Officer

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