EXHIBIT 28(D)(1)(B)
November 1, 2011
Lincoln Advisors Trust
0000 Xxxxx Xxxxxxx Xxxxxx
Xxxx Xxxxx, Xxxxxxx 00000
RE: Advisory Fee Waiver Agreement - Lincoln Advisors Trust
Ladies and Gentlemen:
This letter agreement (the "Agreement") confirms the advisory fee waiver between
the funds listed in Schedule A (the "Funds"), each a series of Lincoln Advisors
Trust (the "Trust"), and Lincoln Investment Advisors Corporation (the "Adviser")
with respect to the portfolio management of the Funds.
1. Advisory Expense Waiver. The Adviser has agreed to waive a portion of
the advisory fee payable to the Adviser under the Investment
Management Agreement, dated as of November 1, 2011 ("Investment
Management Agreement"), between the Funds and the Adviser, as set
forth in the attached Schedule A.
2. Term and Termination. This Agreement shall become effective on
November 1, 2011 and shall continue for an initial term ending January
28, 2013. The Agreement shall renew automatically for one-year terms
unless the Trust or the Adviser provides written notice of the
termination of the Agreement at least 10 days prior to the end of the
then current term.
3. Governing Law. This Agreement shall be governed by, and construed in
accordance with, the laws of the State of Delaware, provided that
nothing in this Agreement shall be construed in a manner inconsistent
with the Investment Company Act of 1940, as amended, or the Investment
Advisers Act of 1940, as amended.
Lincoln Advisors Trust
Please indicate your approval of this Agreement by signing and returning a copy
of this letter to the Fund.
Sincerely,
LINCOLN INVESTMENT ADVISORS CORPORATION
/s/ Xxxxx X. Xxxxxxx
-------------------------------------
Name: Xxxxx X. Xxxxxxx
Title: Vice President
Agreed to:
LINCOLN ADVISORS TRUST, ACTING ON BEHALF OF ITS SERIES LISTED ON SCHEDULE A
/s/ Xxxxxxx X. Xxxxx, Xx.
-------------------------------------
Name: Xxxxxxx X. Xxxxx, Xx.
Title: Vice President and Chief
Accounting Officer
Lincoln Advisors Trust
SCHEDULE A
WAIVER AMOUNT (AS A PERCENTAGE
FUND OF AVERAGE DAILY NET ASSETS)*
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Presidential Protected Profile 2010 Fund 0.10%
Presidential Protected Profile 2020 Fund 0.10%
Presidential Protected Profile 2030 Fund 0.10%
Presidential Protected Profile 2040 Fund 0.10%
Presidential Protected Profile 2050 Fund 0.10%
* These amounts are stated on an annual basis.
Lincoln Advisors Trust
