EXHIBIT 23(D)(2)
CONTRACTUAL ADVISORY FEE WAIVER AND EXPENSE REIMBURSEMENT AGREEMENT
AGREEMENT made this 1st day of October, 2007 by and between THE GAMCO WESTWOOD
FUNDS, a Massachusetts business trust (the "Trust"), and GABELLI ADVISERS, INC.
(the "Adviser").
The Adviser hereby agrees to waive advisory fees and reimburse expenses to the
extent necessary to maintain Total Annual Operating Expenses at the following
levels for a period of one year from the date of this Agreement for each class
of the following funds:
Fund Total Annual Operating Expenses
---- -------------------------------
Class Class Class Class
AAA A B C
----- ----- ----- -----
GAMCO Westwood Small Cap Equity Fund 1.50% 1.75% 2.25% 2.25%
GAMCO Westwood Income Fund 1.50% 1.75% 2.25% 2.25%
GAMCO Westwood Intermediate Bond Fund 1.00% 1.10% 1.75% 1.75%
This Agreement shall be renewable at the end of each one year period for an
additional one year period upon the written agreement of the parties hereto.
IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed
as of the day and year first written above.
THE GAMCO WESTWOOD FUNDS GABELLI ADVISERS, INC.
By: /s/ Xxxxx Xxxxxxx By: /s/ Xxxxx X. Xxxxxx
------------------------------- ------------------------------
Attest: /s/ Xxxxxxxxx X. Xxxxxxx Attest: /s/ Xxxxxxxxx X. Xxxxxxx
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