May 1, 2008
May 1, 2008
X.X. Xxxxxx Series Trust II
000 Xxxxx Xxxxxx
New York, NY 10036
Dear Sirs:
JPMorgan Funds Management, Inc. xxxxxx agrees to reimburse each Portfolio listed on Schedule A for the time periods so indicated. JPMorgan Funds Management, Inc. will reimburse to the extent total operating expenses exceed the rate of average daily net assets also indicated on Schedule A. This reimbursement arrangement does not include acquired fund fees and expenses, dividend expenses on securities sold short, interest, taxes and extraordinary expenses. This agreement supercedes any prior agreements between JPMorgan Funds Management, Inc. and the Trust.
JPMorgan Funds Management, Inc. understands and intends that the Portfolios will rely on this agreement in preparing and filing their registration statements on Form N-1A and in accruing the Portfolios' expenses for purposes of calculating net asset value and for other purposes, and expressly permits the Portfolios to do so.
Please acknowledge acceptance on the enclosed copy of this letter.
Very truly yours,
JPMorgan Funds Management, Inc.
_____________________________
By:
Accepted by:
X.X. Xxxxxx Series Trust II
_____________________________
By:
JPMSTII Expense Agreement
Page 2
SERIES TRUST II FUNDS
|
Fund Name |
Year End |
Expense Cap |
Expense Cap Through |
|
|
|
|
|
|
JPMorgan Bond Portfolio |
December 31 |
0.60% |
April 30, 2009 |
|
JPMorgan International Equity Portfolio |
December 31 |
1.09% |
April 30, 2009 |
|
JPMorgan U.S. Large Cap Core Equity Portfolio |
December 31 |
0.85% |
April 30, 2009 |
|
JPMorgan Mid Cap Value Portfolio |
December 31 |
1.25% |
April 30, 2009 |
|
JPMorgan Small Company Portfolio |
December 31 |
1.08% |
April 30, 2009 |
