April 29, 2016 John Zimmerman President c/o Westcore Trust
Exhibit (d)7
April 29, 2016
Xxxx Xxxxxxxxx
President
c/o Westcore Trust
0000 Xxxxxxxx, Xxxxx 0000
Denver, CO 80203
Re: Westcore Trust (the “Trust”)
Dear Xx. Xxxxxxxxx:
By our execution of this letter agreement (this “Agreement”), Denver Investment Advisors LLC (“Denver Investments”) agrees it will waive a portion of the investment advisory and/or administration fees and/or reimburse additional Trust expenses for the period commencing April 29, 2016 through April 30, 2017 so that the ratio of expenses to average net assets of the Retail Class of each portfolio of the Trust as reported in the Funds’ Financial Highlights do not exceed the amounts set forth in Attachment A. Until at least April 30, 2017, Denver Investments will also waive and/or reimburse the investment advisory and/or administration fees and/or reimburse Fund level “Other expenses” for each Institutional Class in the same proportion as the Retail Class waivers/reimbursements (calculated in basis points) as well as reimburse for the Institutional class-specific expenses but not to exceed a 0.25% difference between the net institutional and net retail expense ratios.
The parties acknowledge that Denver Investments will not be entitled to collect on or make a claim for waived fees or reimbursed expenses at any time in the future. The parties agree to continue such waivers for the applicable Funds at least through April 30, 2017.
The names “Westcore Trust” and “Trustees of Westcore Trust” refer respectively to the Trust created and the Trustees, as trustees but not individually or personally, acting from time to time under an Amended and Restated Declaration of Trust dated November 19, 1987 as amended July 16, 1990 and as may be further amended from time to time which is hereby referred to and a copy of which is on file at the office of the State Secretary of the Commonwealth of Massachusetts and the principal office of the Trust. The obligations of “Westcore Trust” entered into in the name or on behalf thereof by any of the Trustees, representatives or agents are made not individually, but in such capacities, and are not binding upon any
of the Trustees, shareholders, or representatives of the Trust personally, but bind only the Trust Property, and all persons dealing with any class of shares of the Trust must look solely to the Trust Property belonging to such class for the enforcement of any claims against the Trust.
DENVER INVESTMENT ADVISORS LLC
By: /s/ Xxxxx Xxxxxxxx
Name: Xxxxx Xxxxxxxx
Title: Managing Partner
Your signature below acknowledges
acceptance of this Agreement:
WESTCORE TRUST
By: /s/ Xxxx Xxxxxxxxx
Name: Xxxx Xxxxxxxxx
Title: President
Attachment A
Fee Waivers and Expense Reimbursements for the Period Ended April 30, 2017 (Retail Class)
|
Fund |
Denver Investment Advisors LLC agrees to Waive Administration Fees, Investment Advisory Fees and/or Reimburse Expenses so that the ratio of expenses to average net assets as set forth in the Financial Highlights will not exceed the following amounts until at least April 30, 2017 (as a % of average daily net assets): |
|
Growth |
1.15% |
|
MIDCO Growth |
1.15% |
|
Select |
1.15% |
|
Small-Cap Growth |
1.30% |
|
Global Large-Cap Dividend |
0.99% |
|
Mid-Cap Value Dividend |
1.25% |
|
Small-Cap Value Dividend |
1.30% |
|
Micro-Cap Opportunity |
1.30% |
|
International Small-Cap |
1.50% |
|
Flexible Income |
0.85% |
|
Plus Bond |
0.55% |
|
Colorado Tax-Exempt |
0.65% |
