EXHIBIT (H)(15)
SCHEDULE B
FEE SCHEDULE
------------
To the Administration Agreement dated November 15, 1996, as
amended to date, as Revised April 1, 2003
SECTION I
---------
The following fees are in effect for the Kobren Growth Fund:
ANNUAL FEES
Net assets up to $100 million 6.75 Basis Points
Next $100 million in net assets 3.0 Basis Points
Net assets in excess of $200 million 2.0 Basis Points
Fund Minimum $69,525 per year per Fund
Additional Classes $5,150 per class for any additional
classes beyond the first class
SECTION II
----------
The following fees are in effect for the Delphi Value Fund:
ANNUAL FEES
Net assets up to $100 million 6.75 Basis Points
Next $100 million in net assets 5.0 Basis Points
Net assets in excess of $200 million 3.5 Basis Points
Fund Minimum $69,525 per year
Additional Classes $5,150 per class for any additional
Classes beyond the first class
18
GENERAL
-------
After the first 12 months from the effective date of this Revised Schedule B,
PFPC may adjust any annual or monthly fees once per calendar year, upon thirty
(30) days prior written notice in an amount not to exceed the previous years
cumulative percentage increase in the Consumer Price Index for All Urban
Consumers (CPI-U) U.S. City Average, All items (unadjusted) - (1982-84=100),
published by the U.S Department of Labor since the last such adjustment in the
Client's monthly fees (or the effective date of this Amendment absent a prior
such adjustment).
PFPC reserves the right to renegotiate this Agreement in the event that the fund
family consists of one fund.
IN WITNESS WHEREOF, the parties hereto have caused this Revised Schedule B
to be executed by their duly authorized officers, as of the day and year first
above written.
KOBREN INSIGHT FUNDS PFPC INC.
By: /S/ XXXX X. XXXXX By: /S/ XXXX X. XXXXXXX
-------------------------------- --------------------------------
Date: 6/18/03 Date: 4/30/03
------------------------------ ------------------------------
Title: MANAGING DIRECTOR Title: SVP
----------------------------- -----------------------------
19
