December 19, 2013 Todger Anderson President c/o Westcore Trust
December 19, 2013
Xxxxxx Xxxxxxxx
President
c/o Westcore Trust
0000 Xxxxxxxx, Xxxxx 0000
Denver, CO 80203
Re: Westcore Trust (the “Trust”)
Dear Xx. Xxxxxxxx:
By our execution of this letter agreement (this “Agreement”), Denver Investment Advisors LLC (“Denver Investments”) agrees it will voluntarily waive a portion of the investment advisory and/or administration fees and/or reimburse additional Trust expenses for the period commencing December 19, 2013 through April 30, 2015 so that the ratio of expenses to average net assets of the Retail Class of the Westcore Small-Cap Growth Fund (the “Fund”) as reported in the Fund’s Financial Highlights does not exceed the amounts set forth in Attachment A. Denver Investments will also waive and/or reimburse the Institutional Class for an amount equal to the waivers and/or reimbursement performed for the Retail Class (calculated in basis points) as well as the Institutional class-specific expenses until at least April 30, 2015.
The parties acknowledge that they will not be entitled to collect on or make a claim for waived fees or reimbursed expenses at any time in the future. The parties agree to continue such waivers for the Fund at least through April 30, 2015.
The names “Westcore Trust” and “Trustees of Westcore Trust” refer respectively to the Trust created and the Trustees, as trustees but not individually or personally, acting from time to time under an Amended and Restated Declaration of Trust dated November 19, 1987 as amended July 16, 1990 and as may be further amended from time to time which is hereby referred to and a copy of which is on file at the office of the State Secretary of the Commonwealth of Massachusetts and the principal office of the Trust. The obligations of “Westcore Trust” entered into in the name or on behalf thereof by any of the Trustees, representatives or agents are made not individually, but in such capacities, and are not binding upon any of the Trustees, shareholders, or representatives of the Trust personally, but bind only the Trust Property, and all persons dealing with any class of shares of the Trust must look solely to the Trust Property belonging to such class for the enforcement of any claims against the Trust.
DENVER INVESTMENT ADVISORS LLC
By: /s/ Xxxx Xxxxxxxx
Name: Xxxx Xxxxxxxx
Title: Managing Partner
Your signature below acknowledges
acceptance of this Agreement:
WESTCORE TRUST
By: /s/ Xxxxxx Xxxxxxxx
Xxxxxx Xxxxxxxx
Title: President
Attachment A
Fee Waivers and Expense Reimbursements for the Period Ended April 30, 2015 (Retail Class)
|
Fund |
Denver Investment Advisors LLC agrees to Waive Administration Fees, Investment Advisory Fees and/or Reimburse Expenses so that the ratio of expenses to average net assets as set forth in the Financial Highlights will not exceed the following amounts until at least April 30, 2015 (as a % of average daily net assets): |
|
Small-Cap Growth |
1.30% |
