Exhibit 99.h.42
Xxxxxxxx-Xxxxxxxxx Institutional Funds
000 Xxxx Xxxxxxxx, 00xx Xxxxx
Xxx Xxxxx, Xxxxxxxxxx 00000
November ___, 2005
Xxxxxxxx-Xxxxxxxxx Capital Management
000 Xxxx Xxxxxxxx, 00xx Xxxxx
Xxx Xxxxx, Xxxxxxxxxx 00000
Ladies and Gentlemen:
This will confirm our agreement pursuant to which Xxxxxxxx-Xxxxxxxxx Capital
Management (the "Adviser") will waive its fees and absorb other operating
expenses of the various series of the Xxxxxxxx-Xxxxxxxxx Institutional Funds (to
the extent not paid for by directed brokerage and other offset arrangements) so
that total operating expenses (excluding taxes, interest, brokerage and
extraordinary expenses) do not exceed the percentages set forth on the following
pages through March 31, 2006.
Very truly yours,
-----------------------
Xxxxxxx X. Xxxxxx
Assistant Secretary
AGREED:
Xxxxxxxx-Xxxxxxxxx Capital Management
By:
--------------------------------
Xxxxxxx X. Xxxxx, Xx.
General Counsel
FUND SHARE CLASS EXPENSE LIMITATION
U.S. Systematic Large Cap Growth I 1.12%
U.S. Systematic Large Cap Growth II 1.02%
U.S. Systematic Large Cap Growth III 0.92%
U.S. Systematic Large Cap Growth IV 0.82%
U.S. Systematic Large Cap Growth R 1.37%
U.S. Large Cap Value I 0.81%
U.S. Large Cap Value II 0.71%
U.S. Large Cap Value III 0.61%
U.S. Large Cap Value IV 0.56%
U.S. Large Cap Value R 1.06%
U.S. Systematic XXXX Growth I 1.33%
U.S. Systematic XXXX Growth II 1.23%
U.S. Systematic XXXX Growth III 1.18%
U.S. Systematic XXXX Growth IV 1.13%
U.S. Systematic XXXX Growth R 1.58%
U.S Emerging Growth I 1.48%
U.S. Emerging Growth R 1.73%
U.S. Mini Cap Growth I 1.56%
U.S. Mini Cap Growth III 1.31%
U.S. High Yield Bond I 0.63%
U.S. High Yield Bond II 0.58%
U.S. High Yield Bond III 0.53%
U.S. High Yield Bond IV 0.48%
U.S. High Yield Bond R 0.88%
U.S. Convertible I 1.02%
U.S. Convertible II 0.92%
U.S. Convertible III 0.87%
U.S. Convertible IV 0.82%
U.S. Small Cap Value I 1.30%
U.S. Small Cap Value II 1.20%
International Growth I 1.41%
International Growth II 1.26%
International Growth III 1.16%
International Growth IV 1.01%
International Growth V 0.91%
International Growth R 1.66%
International Growth Opportunities I 1.56%
International Growth Opportunities II 1.41%
International Growth Opportunities III 1.36%
International Growth Opportunities IV 1.31%
International Growth Opportunities V 1.26%
International All-Cap Growth I
International All-Cap Growth II
International All-Cap Growth III
International All-Cap Growth IV
International All-Cap Growth R
Global Select I 1.16%
Global Select II 1.11%
Global Select III 1.06%
Global Select IV 1.01%
Global Select R 1.41%
International Systematic I 1.20%
International Systematic II 1.05%
International Systematic III 0.95%
International Systematic IV 0.85%
International Systematic R 1.45%
Emerging Markets Opportunities I 1.65%
Emerging Markets Opportunities II 1.50%
Emerging Markets Opportunities III 1.35%
Emerging Markets Opportunities IV 1.25%
Emerging Markets Opportunities R 1.90%
