Management Fee Waiver and Expense Limitation Agreement
EX-99.28(d)(xiii)
Management Fee Waiver and Expense Limitation Agreement
This Management Fee Waiver and Expense Limitation Agreement (the “Agreement”) is made and entered into this 1st day of May, 2012 between Lord, Xxxxxx & Co. LLC (“Lord Xxxxxx”) and Lord Xxxxxx Series Fund, Inc. (the “Company”) with respect to its Classes named below (each a “Portfolio”).
In consideration of good and valuable consideration, receipt of which is hereby acknowledged, it is agreed as follows:
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1. |
With respect to Bond Debenture Portfolio, Lord Xxxxxx agrees for the time period set forth in paragraph 11 below to waive all or a portion of its management fee and, if necessary, reimburse the Portfolio’s other expenses to the extent necessary so that the Portfolio’s total net annual operating expenses do not exceed an annual rate of 0.90%. |
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With respect to Capital Structure Portfolio, Lord Xxxxxx agrees for the time period set forth in paragraph 11 below to waive all or a portion of its management fee and, if necessary, reimburse the Portfolio’s other expenses to the extent necessary so that the Portfolio’s total net annual operating expenses do not exceed an annual rate of 1.15%. |
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With respect to Classic Stock Portfolio, Lord Xxxxxx agrees for the time period set forth in paragraph 11 below to waive all or a portion of its management fee and, if necessary, reimburse the Portfolio’s other expenses to the extent necessary so that the Portfolio’s total net annual operating expenses do not exceed an annual rate of 0.95%. |
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With respect to Developing Growth Portfolio, Lord Xxxxxx agrees for the time period set forth in paragraph 11 below to waive all or a portion of its management fee and, if necessary, reimburse the Portfolio’s other expenses to the extent necessary so that the Portfolio’s total net annual operating expenses do not exceed an annual rate of 0.90%. |
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With respect to Fundamental Equity Portfolio, Lord Xxxxxx agrees for the time period set forth in paragraph 11 below to waive all or a portion of its management fee and, if necessary, reimburse the Portfolio’s other expenses to the extent necessary so that the Portfolio’s total net annual operating expenses do not exceed an annual rate of 1.15%. |
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With respect to International Core Equity Portfolio, Lord Xxxxxx agrees for the time period set forth in paragraph 11 below to waive all or a portion of its management fee and, if necessary, reimburse the Portfolio’s other expenses to the extent necessary so that the Portfolio’s total net annual operating expenses do not exceed an annual rate of 0.87%. |
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With respect to Growth Opportunities Portfolio, Lord Xxxxxx agrees for the time period set forth in paragraph 11 below to waive all or a portion of its management fee and, if necessary, reimburse the Portfolio’s other expenses to the extent necessary so that the Portfolio’s total net annual operating expenses do not exceed an annual rate of 1.20%. |
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With respect to International Opportunities Portfolio, Lord Xxxxxx agrees for the time period set forth in paragraph 11 below to waive all or a portion of its management fee and, if necessary, reimburse the Portfolio’s other expenses to the extent necessary so that the Portfolio’s total net annual operating expenses do not exceed an annual rate of 1.20%. |
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With respect to Total Return Portfolio, Lord Xxxxxx agrees for the time period set forth in paragraph 11 below to waive all or a portion of its management fee and, if necessary, reimburse the Portfolio’s other expenses to the extent necessary so that the Portfolio’s total net annual operating expenses do not exceed an annual rate of 0.64%. |
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With respect to Value Opportunities Portfolio, Lord Xxxxxx agrees for the time period set forth in paragraph 11 below to waive all or a portion of its management fee and, if necessary, reimburse the Portfolio’s other expenses to the extent necessary so that the Portfolio’s total net annual operating expenses do not exceed an annual rate of 1.10%. |
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This Agreement will be effective from May 1, 2012 through April 30, 2013. This Agreement may be terminated with respect to any Portfolio only by the Board of Directors of the Company upon written notice to Lord Xxxxxx. |
IN WITNESS WHEREOF, Lord Xxxxxx and the Company have caused this Agreement to be executed by a duly authorized member and officer, respectively, to become effective as of the day and year first above written.
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Lord Xxxxxx Series Fund, Inc. |
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By: |
/s/ Xxxxxx X Xxxxxxxx |
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Xxxxxx X. Xxxxxxxx |
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Vice President and Assistant Secretary |
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Lord, Xxxxxx & Co. LLC |
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By: |
/s/ Xxxxxxxx X. Xxxxxx |
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Xxxxxxxx X. Xxxxxx |
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Member and General Counsel |
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