FORM OF MANAGEMENT FEE WAIVER AND EXPENSE LIMITATION AGREEMENT
EX-99.28(a)(xii)
FORM OF
MANAGEMENT FEE WAIVER
AND EXPENSE LIMITATION AGREEMENT
This Management Fee Waiver and Expense Limitation Agreement (the “Agreement”) is made and entered into this 1st day of March, 2013 between Lord, ▇▇▇▇▇▇ & Co. LLC (“Lord ▇▇▇▇▇▇”) and Lord ▇▇▇▇▇▇ Securities Trust (“Securities Trust”) with respect to Lord ▇▇▇▇▇▇ International Core Equity Fund (“International Core Equity Fund”) and Lord ▇▇▇▇▇▇ International Dividend Income Fund (“International Dividend Income Fund”) (collectively, the “Funds”).
In consideration of good and valuable consideration, receipt of which is hereby acknowledged, it is agreed as follows:
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1. |
With respect to International Core Equity Fund, Lord ▇▇▇▇▇▇ agrees for the time period set forth in paragraph 3 below to waive all or a portion of its management fee and, if necessary, reimburse the Fund’s other expenses to the extent necessary so that the total net annual operating expenses for each class, excluding 12b-1 fees, do not exceed an annual rate of 0.77%. |
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With respect to International Dividend Income Fund, Lord ▇▇▇▇▇▇ agrees for the time period set forth in paragraph 3 below to waive all or a portion of its management fee and, if necessary, reimburse the Fund’s other expenses to the extent necessary so that the total net annual operating expenses for each class, excluding 12b-1 fees, do not exceed an annual rate of 0.77%. |
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This Agreement will be effective from March 1, 2013 through February 28, 2014. This Agreement may be terminated only by the Board of Trustees of Securities Trust upon written notice to Lord ▇▇▇▇▇▇. |
IN WITNESS WHEREOF, Lord ▇▇▇▇▇▇ and Lord ▇▇▇▇▇▇ Securities 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.
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Lord ▇▇▇▇▇▇ Securities Trust |
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By: |
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▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ |
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Vice President and Assistant Secretary |
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Lord, ▇▇▇▇▇▇ & Co. llc |
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By: |
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▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ |
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Member and General Counsel |
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