Denver Investment Advisors LLC ALPS Fund Services, Inc. c/o Westcore Trust
Exhibit
(d)(5)
Denver
Investment Advisors LLC
ALPS Fund
Services, Inc.
c/o
Westcore Trust
0000
Xxxxxxxx, Xxxxx 0000
Denver,
Colorado 80203
April 30,
2009
Xxxx
Xxxxxxxxx
Chairman
0000
Xxxxxxxx, Xxxxx 0000
Denver,
CO 80202
Re:
|
Westcore Trust (the
“Trust”)
|
Dear Xx.
Xxxxxxxxx:
By our
execution of this letter agreement (this “Agreement”), the undersigned parties
agree they will voluntarily waive a portion of the investment advisory and/or
administration fees and/or reimburse additional Trust expenses for the period
commencing April 30, 2009 through April 29, 2010 so that total annual operating
expenses of the Retail Class of each portfolio of the Trust as reported in the
Funds’ Financial Highlights do not exceed the amounts set forth in column 6 of
Attachment A. The undersigned parties will also waive and/or reimburse each
Institutional Class for an amount equal to the waivers and/or reimbursement
performed for the Retail Class (calculated in basis points).
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 applicable Funds at least through
April 29, 2010.
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.
ALPS
FUND SERVICES, INC.
|
DENVER
INVESTMENT ADVISORS LLC
|
By:
/s/ Xxxxxx X.
May
|
By:
/s/ Xxxxxx
Xxxxxxxx
|
Name:
Xxxxxx X. May
|
Name: Xxxxxx
Xxxxxxxx
|
Title: President
|
Title: Chairman
|
Your
signature below acknowledges
|
|
acceptance
of this Agreement:
|
|
By:
/s/ Xxxx X.
Xxxxxxxxx
|
|
Name: Xxxx
X. Xxxxxxxxx
|
|
Title:
Chairman
|
Attachment
A
Fee
Waivers and Expense Reimbursements for the Period Ended April 29, 2010 (Retail
Class)
Fund
|
Denver
Investment Advisors LLC- Contractual Investment Advisory Fees
(as
a % of average daily net assets):
|
Other
Expenses before fee waivers
(as
a % of average daily net assets):
|
Total
Annual Fund Operating Expenses Before Waivers
(as
a % of average daily net assets):
|
Total
Fee Waiver and Expense Reimbursement
(as
a % of average daily net assets):
|
Denver
Investment Advisors LLC and ALPS Fund Services agree to Waive
Administration Fees and Denver Investment Advisors LLC agrees to waive
Investment Advisory Fees and/or Reimburse Expenses so that Net Annual Fund
Operating Expenses as set forth in the Financial Highlights will not
exceed the following amounts until at least April 29, 2010
(as
a % of average daily net assets):
|
Growth
|
0.65%
|
0.38%
|
1.03%
|
-
|
1.15%
|
MIDCO
Growth
|
0.65%
|
0.38%
|
1.03%
|
-
|
1.15%
|
Select
|
0.65%
|
0.56%
|
1.21%
|
(0.06)%
|
1.15%
|
Blue
Chip
|
0.65%
|
0.48%
|
1.13%
|
-
|
1.15%
|
Mid-Cap
Value
|
0.75%
|
0.44%
|
1.19%
|
-
|
1.25%
|
Small-Cap
Opportunity
|
1.00%
|
0.70%
|
1.70%
|
(0.40)%
|
1.30%
|
Small-Cap
Value
|
1.00%
|
0.38%
|
1.38%
|
(0.08)%
|
1.30%
|
Micro-Cap
Opportunity Fund
|
1.00%
|
17.13%
|
18.13%
|
(16.83)%
|
1.30%
|
International
Frontier Fund
|
1.20%
|
0.78%
|
1.98%
|
(0.48)%
|
1.50%
|
Flexible
Income
|
0.45%
|
0.47%
|
0.92%
|
(0.07)%
|
0.85%
|
Plus
Bond
|
0.45%
|
0.36%
|
0.81%
|
(0.26)%
|
0.55%
|
Colorado
Tax-Exempt
|
0.65%
|
0.26%
|
0.91%
|
(0.26)%
|
0.65%
|