Expense Limitation Agreement

EX-99.(d)(v)

Expense Limitation Agreement

This Expense Limitation Agreement (the “Agreement”) is made and entered into this 23^rd day of September, 2020 between Lord, Xxxxxx & Co. LLC (“Lord Xxxxxx”), Lord Xxxxxx Distributor LLC (“Lord Xxxxxx Distributor”), and Lord Xxxxxx Trust I (the “Trust”) with respect to Lord Xxxxxx Mid Cap Innovation Growth Fund (the “Fund”).

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

1. Lord Xxxxxx agrees for the time period set forth in paragraph 4 below to waive all or a portion of its management and administrative services fees and reimburse the Fund’s other expenses to the extent necessary to limit total net annual operating expenses, excluding 12b-1 fees and acquired fund fees and expenses, interest-related expenses, taxes, expenses related to litigation and potential litigation, and extraordinary expenses, to an annual rate of 0.81% for each class other than Class F3 and R6. For the same time period, Lord Xxxxxx agrees to waive all or a portion of its management and administrative services fees and reimburse the Fund’s other expenses to the extent necessary to limit total net annual operating expenses, excluding 12b-1 fees and acquired fund fees and expenses, interest-related expenses, taxes, expenses related to litigation and potential litigation, and extraordinary expenses, to an annual rate of 0.73% for each of Class F3 and R6.

2. To limit the Fund’s total net annual operating expenses as specified above, Lord Xxxxxx will waive the same amount of management and administrative services fees for each share class, but may reimburse different amounts of shareholder servicing expenses for each share class in its sole discretion.

3. Lord Xxxxxx Distributor agrees for the same time period set forth in paragraph 4 below to waive the Fund’s 0.10% Rule 12b-1 fee for Class F.

4. This Agreement will become effective from the Fund’s commencement of operations through November 30, 2022. This Agreement may be terminated only by the Board of Trustees of the Trust upon written notice to Lord Xxxxxx.

[Signatures follow on next page]

IN WITNESS WHEREOF, Lord Xxxxxx, Lord Xxxxxx Distributor, 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 XXXXXX TRUST I
		By:	/s/ Xxxx X. Xxxxxxxxxx
			Xxxx X. Xxxxxxxxxx
			Vice President and Assistant Secretary
		LORD, XXXXXX & CO. LLC
		By:	/s/ Xxxxxxxx X. Xxxxxxx
			Xxxxxxxx X. Xxxxxxx
			Member and General Counsel
		LORD XXXXXX DISTRIBUTOR LLC
		By:	LORD, XXXXXX & CO. LLC
		By:	/s/ Xxxxxxxx X. Xxxxxxx
			Xxxxxxxx X. Xxxxxxx
			Member and General Counsel

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