Item 77 Q1: Exhibits
MANAGEMENT FEE WAIVER AGREEMENT
This Management Fee Waiver Agreement (the "Agreement") is made and entered
into as of this 1st day of December 2004 between Lord, Xxxxxx & Co. LLC ("Lord
Xxxxxx") and Lord Xxxxxx Investment Trust ("Investment Trust") with respect to
its Balanced Series (the "Fund").
In consideration of good and valuable consideration, receipt of which is
hereby acknowledged, Lord Xxxxxx agrees to waive its management fee payable
under the Management Agreement between Lord Xxxxxx and Investment Trust with
respect to the Fund for the fiscal year beginning December 1, 2004 through
November 30, 2005.
IN WITNESS WHEREOF, Lord Xxxxxx and Investment Trust have caused this
Agreement to be executed by a duly authorized member and officer, respectively,
as of the day and year first above written.
LORD, XXXXXX & CO. LLC
BY: /s/ Xxxx X. Xxxxxxx
--------------------------------------
Xxxx X. Xxxxxxx
Member and General Counsel
LORD XXXXXX INVESTMENT TRUST
BY: /s/ Xxxxxxxxx X. Xxxxxxx
--------------------------------------
Xxxxxxxxx X. Xxxxxxx
Vice President and Assistant Secretary
Item 77 Q1: Exhibits
Addendum to Management Agreement between
Lord Xxxxxx Investment Trust
and
Lord, Xxxxxx & Co. LLC
Dated: December 1, 2004 (the "Agreement")
-----------------------------------------
Lord, Xxxxxx & Co. LLC ("Lord Xxxxxx") and Lord Xxxxxx Investment Trust
(the "Trust"), on behalf of each of its Lord Xxxxxx Core Fixed Income Fund and
Lord Xxxxxx Total Return Fund (each a "Fund"), do hereby agree that the annual
management fee rate for each Fund with respect to paragraph 2 of the Agreement
shall be reduced as follows: 0.45 of 1% of the first $1 billion of the Fund's
average daily net assets; 0.40 of 1% of the next $1 billion of such assets; and
0.35 of 1% of such assets in excess of $2 billion.
In addition, Lord Xxxxxx and the Trust, on behalf of its Lord Xxxxxx
Limited Duration U.S. Government & Government Sponsored Enterprises Fund (the
"Fund") do hereby agree that the annual management fee rate for the Fund with
respect to paragraph 2 of the Agreement shall be as follows: 0.40 of 1% of the
first $1 billion of the Fund's average daily net assets; 0.35 of 1% of the next
$1 billion of such assets; and 0.30 of 1% of such assets in excess of $2
billion.
For purposes of Section 15 (a) of the Act, this Addendum and the Agreement
shall together constitute the investment advisory contract of the Trust.
LORD, XXXXXX & CO. LLC
BY: /s/ Xxxx X. Xxxxxxx
--------------------------------------
Xxxx X. Xxxxxxx
Member and General Counsel
LORD XXXXXX INVESTMENT TRUST
BY: /s/ Xxxxxxxxx X. Xxxxxxx
--------------------------------------
Xxxxxxxxx X. Xxxxxxx
Vice President and Assistant Secretary
Item 77 Q1: Exhibits
EXPENSE REIMBURSEMENT AGREEMENT
This Expense Reimbursement Agreement (this "Agreement") is made and entered
into this 1st day of December 2004 between Lord, Xxxxxx & Co. LLC ("Lord
Xxxxxx") and Lord Xxxxxx Investment Trust (the "Investment Trust") with respect
to the Lord Xxxxxx Core Fixed Income Fund, Lord Xxxxxx Limited Duration U.S.
Government & Government Sponsored Enterprises Fund, Lord Xxxxxx Total Return
Fund, and Lord Xxxxxx U.S. Government & Government Sponsored Enterprises Fund
(each a "Fund").
In consideration of good and valuable consideration, receipt of which is
hereby acknowledged, it is agreed as follows:
1. With respect to each of the Limited Duration U.S. Government &
Government Sponsored Enterprises Fund, Core Fixed Income Fund, and
Total Return Fund, Lord Xxxxxx agrees to bear directly and/or
reimburse the Funds for expenses if and to the extent that Total
Operating Expenses exceed or would otherwise exceed an annual rate of
(a) ninety basis points (0.90%) for Class A shares of the Funds, (b)
one hundred and fifty-five basis points (1.55%) for Class B shares of
the Funds, (c) one hundred and fifty-five basis points (1.55%) for
Class C shares of the Funds, (d) one hundred basis points (1.00%) for
Class P shares of the Funds, and (e) fifty-five basis points (0.55%)
for Class Y shares of the Funds of the average daily net assets in the
Funds for the time period set forth in paragraph 3 below.
2. With respect to the Lord Xxxxxx U.S. Government & Government Sponsored
Enterprises 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 an annual rate of (a) one
hundred basis points (1.00%) for Class A shares of the Fund, (b) one
hundred and sixty-five basis points (1.65%) for Class B shares of the
Fund, (c) one hundred and sixty-five basis points (1.65%) for Class C
shares of the Fund, (d) one hundred and ten basis points (1.10%) for
Class P shares of the Fund, and (e) sixty-five basis points (0.65%)
for Class Y shares of the Fund of the average daily net assets in the
Fund for the time period set forth in paragraph 3 below.
3. Lord Xxxxxx'x commitment described in paragraphs 1 and 2 will be
effective from December 1, 2004 through November 30, 2005.
IN WITNESS WHEREOF, Lord Xxxxxx and the Investment Trust have caused this
Agreement to be executed by a duly authorized member and officer, respectively,
on the day and year first above written.
LORD XXXXXX INVESTMENT TRUST
By: /s/ Xxxxxxxxx X. Xxxxxxx
Xxxxxxxxx X. Xxxxxxx
Vice President and Assistant Secretary
LORD, XXXXXX & CO. LLC
By: /s/ Xxxx X. Xxxxxxx
Xxxx X. Xxxxxxx
Member and General Counsel
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Item 77 Q1: Exhibits-Revised Bylaws dated April 20, 2004
Amended and Restated Bylaws as of April 20, 2004 are incorporated by reference
to Post-Effective Amendment No. 37 filed on August 19, 2004.
