CONTRACTUAL FEE/EXPENSE WAIVER AGREEMENT

Exhibit 99.(h)(15)

CONTRACTUAL FEE/EXPENSE WAIVER AGREEMENT

Agreement effective as of the 31st day of January 2011 by and among the Xxxxxx Funds, a Massachusetts business trust (the “Trust”), Xxxxxx Investment Partners, Inc., a Pennsylvania corporation (“TIP”), and Xxxxxx Investment Management LLC, a Maryland limited liability company (“XXX”).

1.             TIP hereby agrees to limit the net total operating expenses, excluding acquired fund fees and expenses and interest expenses relating to short sales, at the levels indicated through January 31, 2012 for each of the following Funds:

Fund:		Net Total Operating Expenses
Xxxxxx Large Growth Fund
Institutional Class		0.69	%
Investor Class		0.94	%
Xxxxxx Emerging Growth Fund
Institutional Class		1.15	%
Investor Class		1.40	%
Xxxxxx Large Cap Growth Fund
Institutional Class		0.69	%
Investor Class		0.94	%
Xxxxxx Midcap Growth Fund
Institutional Class		0.93	%
Investor Class		1.18	%
Retirement Class		1.43	%
Xxxxxx Small Cap Growth Fund
Investor Class		1.25	%
Xxxxxx International Core Growth Fund
Institutional Class		1.10	%
Investor Class		1.35	%
Xxxxxx Quantitative Broad Market Equity Fund
Institutional Class		0.64	%
Investor Class		0.89	%
Xxxxxx Quantitative Large Cap Value Fund
Institutional Class		0.69	%
Investor Class		0.94	%
Xxxxxx Global Opportunities Fund
Institutional Class		1.10	%
Investor Class		1.35	%

2.             TIP hereby agrees to limit the net total operating expenses at the levels indicated through January 31, 2012 for Xxxxxx Spectrum Fund:

Xxxxxx Spectrum Fund:		Net Total Operating Expenses
Institutional Class		1.95	%
Investor Class		2.20	%
Class C		2.95	%

3.             TIP hereby agrees to limit the net total other expenses, excluding acquired fund fees and expenses and interest expenses relating to short sales, at the levels indicated through January 31, 2012 for each of the following Funds:

Fund:		Net Total Other Expenses
Xxxxxx Concentrated Growth Fund
Investor Class		0.25	%
Xxxxxx New Enterprise Fund
Investor Class		0.25	%

4.             XXX hereby agrees to limit the net total operating expenses, excluding acquired fund fees and expenses and interest expenses relating to short sales, at the levels indicated through January 31, 2012 for Xxxxxx Small Cap Equity Fund:

Xxxxxx Small Cap Equity Fund:		Net Total Operating Expenses
Institutional Class		1.20	%
Investor Class		1.45	%

This Agreement shall be renewable at the end of each one year term for an additional one year term upon the written agreement of the parties hereto.

This Agreement supersedes any prior contractual waiver agreement(s) between the parties.

IN WITNESS WHEREOF, intending to be legally bound hereby, the parties hereto have caused this Agreement to be executed by their officers designated below effective as of the day and year first above written.

XXXXXX FUNDS		XXXXXX INVESTMENT PARTNERS, INC.
By:	/s/ Xxxxxx X. Xxxxx		By:	/s/ Xxxxx X. XxXxxxx
	Signature			Signature
Name:	Xxxxxx X. Xxxxx		Name:	Xxxxx X. XxXxxxx
	Printed			Printed
Title:	President and Chief Executive Officer		Title:	General Counsel and Chief
				Compliance Officer - Principal
XXXXXX INVESTMENT MANAGEMENT LLC
By:	/s/ Xxxxx X. XxXxxxx
	Signature
Name:	Xxxxx X. XxXxxxx
	Printed
Title:	General Counsel and Chief
	Compliance Officer