Delaware Management Company 2005 Market Street Philadelphia, PA 19103
EX-99.d.6
Delaware Management Company
0000 Xxxxxx Xxxxxx
Xxxxxxxxxxxx, XX 00000
October 4, 2019
Delaware VIP Trust
0000 Xxxxxx Xxxxxx
Xxxxxxxxxxxx, XX 00000
Re: Expense Limitations
Ladies and Gentlemen:
By our execution of this letter agreement (the "Agreement"), intending to be legally bound hereby, Delaware Management Company, a series of Macquarie Investment Management Business Trust (the “Manager”), agrees that in order to improve the performance of the series of Delaware VIP Trust set forth below (each a “Series”), the Manager shall waive all or a portion of its investment advisory fees and/or pay/reimburse expenses (excluding any acquired fund fees and expenses, taxes, interest, short sale dividend and interest expenses, brokerage fees, certain insurance costs, and nonroutine expenses or costs, including, but not limited to, those relating to reorganizations, litigation, conducting shareholder meetings, and liquidations (collectively, the “Excluded Expenses”)) in an aggregate amount equal to the amount by which the Series’ total annual series operating expenses (excluding any Excluded Expenses) exceed the percentages set forth below for the period from October 4, 2019 through October 31, 2021. For purposes of this Agreement, Excluded Expenses may also include such additional costs and expenses as may be agreed upon from time to time by the Series’ Board of Trustees and the Manager.
Standard Class | Service Class | ||||
Fund | Expense Cap | Expense Cap | |||
Delaware VIP Covered Call Strategy Series | 0.90% | N/A | |||
Delaware VIP Equity Income Series | 0.80% | N/A | |||
Delaware VIP Fund for Income | 0.83% | N/A | |||
Delaware VIP Government Cash Management Series | 0.83% | N/A | |||
Delaware VIP Growth and Income Series | 0.77% | N/A | |||
Delaware VIP International Series | 0.86% | N/A | |||
Delaware VIP Investment Grade Series | 0.69% | 0.99% | |||
Delaware VIP Limited Duration Bond Series | 0.75% | N/A | |||
Delaware VIP Opportunity Series | 0.83% | N/A | |||
Delaware VIP Growth Equity Series | 0.80% | N/A | |||
Delaware VIP Special Situations Series | 0.80% | N/A | |||
Delaware VIP Total Return Series | 0.86% | 1.16% |
The Manager acknowledges that it (1) shall not be entitled to collect on, or make a claim for, waived fees at any time in the future, and (2) shall not be entitled to collect on, or make a claim for, reimbursed Series expenses at any time in the future.
Delaware Management Company, a series of
Macquarie Investment Management Business Trust
By: | /s/ Xxxxxxx Xxxxx | |
Name: | Xxxxxxx Xxxxx | |
Title: | Senior Vice President |
Your signature below acknowledges acceptance of this Agreement:
By: | /s/ Xxxxx X. Xxxxx | |
Name: | Xxxxx X. Xxxxx | |
Title: | President & Chief Executive Officer | |
Date: | October 4, 2019 |