Exhibit 99.(d)(v)
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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