Exhibit 99.23 (d)(iv)
MANAGEMENT FEE WAIVER AGREEMENT
This Management Fee Waiver Agreement (this "Agreement") is made and entered
into as of this 1st day of November 2004 between Lord, Xxxxxx & Co. LLC ("Lord
Xxxxxx") and Lord Xxxxxx Securities Trust ("Securities Trust") with respect to
its Lord Xxxxxx Alpha Series Fund (the "Fund").
In consideration of good and valuable consideration, receipt of which is
hereby acknowledged, Lord Xxxxxx agrees to waive its management fee payable
under the Management Agreement between Lord Xxxxxx and Securities Trust with
respect to the Fund for the fiscal year beginning November 1, 2004 through
October 31, 2005.
IN WITNESS WHEREOF, Lord Xxxxxx and Securities 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, XXXXXX & CO. LLC
BY: /s/ Xxxx X. Xxxxxxx
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Xxxx X. Xxxxxxx
Member and General Counsel
LORD XXXXXX SECURITIES TRUST
BY: /s/ Xxxxxxxxx X. Xxxxxxx
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Xxxxxxxxx X. Xxxxxxx
Vice President and Assistant Secretary
