Exhibit d(vi)
EXPENSE LIMITATION AGREEMENT
THIS EXPENSE LIMITATION AGREEMENT is made as of the 5th day of
September, 2002 by and among DEUTSCHE INVESTORS FUNDS, INC., on behalf of
JAPANESE EQUITY FUND, a Maryland corporation (the "Fund"), DEUTSCHE INVESTORS
PORTFOLIOS TRUST, on behalf of JAPANESE EQUITY PORTFOLIO, a New York business
trust (the "Portfolio") and DEUTSCHE ASSET MANAGEMENT, INC., a Delaware
corporation ("XxXX, Inc." or the "Advisor"), with respect to the following:
WHEREAS, XxXX, Inc. serves as the Portfolio's investment advisor
pursuant to an Investment Advisory Agreement dated September 5, 2002; and
WHEREAS, the Advisor has voluntarily agreed to waive its fees and
reimburse expenses so that the Fund's total annual operating expenses do not
exceed 1.40% of the Class A Shares' average daily net assets, 2.15% of the Class
B Shares' average daily net assets, 2.15% of the Class C Shares' average daily
net assets and 1.15% of the Class S Shares' average daily net assets; and
WHEREAS, the Fund and the Advisor desire to formalize this voluntary
fee waiver and expense reimbursement arrangement for the period beginning on
September 5, 2002 and ending on December 31, 2003.
NOW THERETOFORE, in consideration of the mutual covenants herein
contained and other good and valuable consideration, the receipt whereof is
hereby acknowledged, the parties hereto agree as follows:
1. The Advisor agrees to waive its fees and reimburse expenses
for the period from September 5, 2002 and ending on December
31, 2003 to the extent necessary so that the Fund's total
annual operating expenses do not exceed 1.40% of the Class A
Shares' average daily net assets, 2.15% of the Class B Shares'
average daily net assets, 2.15% of the Class C Shares' average
daily net assets and 1.15% of the Class S Shares' average
daily net assets.
2. Upon the termination of the Investment Advisory Agreement,
this Agreement shall automatically terminate.
3. Any question of interpretation of any term or provision of
this Agreement having a counterpart in or otherwise derived
from a term or provision of the Investment Company Act of 1940
as amended (the "1940 Act") shall be resolved by reference to
such term or provision of the 1940 Act and to interpretations
thereof, if any, by the United States Courts or in the absence
of any controlling decision of any such court, by rules,
regulations or orders of the SEC issued pursuant to said Act.
In addition, where the effect of a requirement of the 1940 Act
reflected in any provision of this Agreement is revised by
rule, regulation or order of the SEC, such provision shall be
deemed to incorporate the effect of such rule, regulation or
order. Otherwise the provisions of this Agreement shall be
interpreted in accordance with the laws of the State of New
York.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed in duplicate by their respective officers as of the day and year first
above written.
[SEAL]
DEUTSCHE INVESTORS PORTFOLIOS TRUST
on behalf of Japanese Equity Portfolio
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By: Xxxxx X. Xxxxxxxxx
Title: Assistant Secretary
DEUTSCHE INVESTORS FUNDS, INC.
on behalf of Japanese Equity Fund
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By: Xxxxx X. Xxxxxxxxx
Title: Assistant Secretary
DEUTSCHE ASSET MANAGEMENT, INC.
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By: Xxxxxx X. Xxxxxx
Title: Vice President
