Delaware Distributors, L.P.
EX-99.e.1.ii
Delaware Distributors, L.P.
0000 Xxxxxx Xxxxxx
Philadelphia, PA 19103
January 27, 2012
Board of Trustees
0000 Xxxxxx Xxxxxx
Philadelphia, PA 19103
Re: Expense Limitations
Ladies and Gentlemen:
By our execution of this letter agreement (the “Agreement”), intending to be legally bound hereby, Delaware Distributors, L.P. (the “Distributor”) agrees that in order to improve the performance of the series of Delaware Group Foundation Funds set forth below (each a “Fund”), the Distributor shall waive a portion of the Rule 12b-1 (distribution) fees applicable to the specified Fund class, so that such Fund’s Rule 12b-1 (distribution) fees with respect to such class will not exceed the percentages set forth below for the period January 27, 2012 through January 28, 2013.
| Fund | Class | 12b-1 Cap | ||
| Delaware Foundation Equity Fund | Class A | 0.25% | ||
| Class R | 0.50% | |||
| Delaware Foundation Growth Allocation Fund | Class A | 0.25% | ||
| Class R | 0.50% | |||
| Delaware Foundation Moderate Allocation Fund | Class A | 0.25% | ||
| Class R | 0.50% | |||
| Delaware Foundation Conservative Allocation Fund | Class A | 0.25% | ||
| Class R | 0.50% | |||
The Distributor acknowledges that it shall not be entitled to collect on, or make a claim for, waived fees at any time in the future.
| Delaware Distributors, L.P. | |||
| By: | /s/ X. Xxxxx Xxxxxxx | ||
| Name: X. Xxxxx Xxxxxxx | |||
| Title: President | |||
| Your signature below acknowledges | |
|
acceptance of this Agreement:
|
|
| Delaware Group Foundation Funds | |
| By: | /s/ Xxxxxxx X. Xxxxx |
| Name: Xxxxxxx X. Xxxxx | |
| Title: President | |
| Date: January 27, 2012 | |
