Exhibit h(3)
Domini Social Investments LLC
000 Xxxxxxxx, 0xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
May 1, 2005
Domini Advisor Trust
000 Xxxxxxxx, 0xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Re: Expense Limitation Agreement
Ladies and Gentlemen:
Domini Social Investments LLC currently provides oversight and
administrative and management services to Domini Advisor Trust (the "Trust"), a
Massachusetts business trust. We hereby agree with the Trust that we will waive
expenses payable to us by the Trust's series designated Domini Social Equity
Portfolio (the "Fund") or will reimburse the Fund for all expenses payable by
the Fund to the extent necessary so that the Fund's aggregate expenses
(excluding brokerage fees and commissions, interest, taxes, and other
extraordinary expenses), net of waivers and reimbursements, would not exceed, on
a per annum basis, 0.95% of that Fund's average daily net assets.
The agreement in this letter shall take effect on May 1, 2005, and shall
remain in effect until May 1, 2006, absent an earlier modification by the Board
of Trustees, which oversees the Fund.
Please sign below to confirm your agreement with the terms of this letter.
Sincerely,
Domini Social Investments LLC
By: /s/ Xxx X. Xxxxxx
-------------------------------------
Title: Chief Executive Officer
Agreed:
Domini Advisor Trust
By: /s/ Xxxxxx X. Xxxxxx
---------------------------
Title: Treasurer
