EXPENSE REIMBURSEMENT AGREEMENT
Exhibit 99.(d)(xiii)
EXPENSE REIMBURSEMENT AGREEMENT
This Expense Reimbursement Agreement (this “Agreement”) is made and entered into this 20th day of June, 2008 between Lord, Xxxxxx & Co. LLC (“Lord Xxxxxx”) and Lord Xxxxxx Securities Trust (“Securities Trust”) with respect to the Lord Xxxxxx International Dividend Income Fund (the “Fund”).
In consideration of good and valuable consideration, receipt of which is hereby acknowledged, it is agreed as follows:
1. With respect to the Lord Xxxxxx International Dividend Income Fund, Lord Xxxxxx agrees to bear directly and/or reimburse the Fund for expenses if and to the extent that Total Operating Expenses exceed or would otherwise exceed a particular annual rate of the average daily net assets of the Fund’s Class A, B, C, F, I, R2, and R3 shares, as relevant, for the time period set forth in paragraph 2 below. The applicable rates for the Fund are shown below:
|
Class A |
|
Class B |
|
Class C |
|
Class F |
|
Class I |
|
Class R2 |
|
Class R3 |
|
|
1.35% |
|
2.00 |
% |
2.00 |
% |
1.10 |
% |
1.00 |
% |
1.60 |
% |
1.50 |
% |
2. Lord Xxxxxx’x commitment described in paragraph 1 will be effective from June 20, 2008 through February 28, 2010.
IN WITNESS WHEREOF, Lord Xxxxxx and the Lord Xxxxxx Securities Trust 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.
|
|
|
LORD XXXXXX SECURITIES TRUST |
||
|
|
|
|
||
|
|
|
|
||
|
|
|
By: |
/s/ Xxxxxx X. Xxxxxxxx |
|
|
|
|
|
Xxxxxx X. Xxxxxxxx |
|
|
|
|
|
Vice President and Assistant Secretary |
|
|
|
|
|
||
|
|
|
|
||
|
|
|
LORD, XXXXXX & CO. LLC |
||
|
|
|
|
||
|
|
|
|
||
|
|
|
By: |
/s/Xxxxxxxx X. Xxxxxx |
|
|
|
|
|
Xxxxxxxx X. Xxxxxx |
|
|
|
|
|
Member and General Counsel |
|
