Denver Investment Advisors LLC ALPS Fund Services, Inc. c/o Westcore Trust
Exhibit (d)(4)
Denver Investment Advisors LLC
ALPS Fund Services, Inc.
c/o Westcore Trust
0000 Xxxxxxxx, Xxxxx 0000
Denver, Colorado 80203
April 23, 2007
Xxxx Xxxxxxxxx
Chairman
0000 Xxxxxxxx, Xxxxx 0000
Denver, CO 80202
Re: Westcore Trust (the "Trust")
Dear Xx. Xxxxxxxxx:
As discussed at the November 15, 2006 board meeting and by our execution of this letter agreement (this "Agreement"), the undersigned parties agree they will voluntarily waive a portion of the investment advisory and/or administration fees and/or reimburse additional Trust expenses for the period commencing April 30, 2007 through April 29, 2008 so that total annual operating expenses of each portfolio of the Trust as reported in the Funds' Financial Highlights do not exceed the amounts set forth in column 6 of Attachment A.
The parties acknowledge that they 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 29, 2008.
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.
| ALPS FUND SERVICES, INC. | DENVER INVESTMENT ADVISORS LLC |
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By:/s/ Xxxxxx X. May |
By: /s/ Xxxxxx Xxxxxxxx |
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Name: Xxxxxx X. May |
Name: Xxxxxx Xxxxxxxx |
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Title: Managing Director |
Title: Chairman |
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Your signature below acknowledges |
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acceptance of this Agreement: |
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| WESTCORE TRUST | |
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By: /s/ Xxxx X. Xxxxxxxxx |
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Name: Xxxx X. Xxxxxxxxx |
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Title: Chairman |
Attachment A
Fee Waivers and Expense Reimbursements for the Period Ended April 29, 2008
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Fund |
Denver
Investment Advisors LLC- Contractual Investment Advisory Fees |
Other Expenses before fee waivers
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Total Annual Fund Operating Expenses Before Waivers
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Total Fee Waiver and Expense Reimbursement
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Denver Investment Advisors LLC and ALPS Fund Services agree to Waive Administration Fees and Denver Investment Advisors LLC agrees to waive Investment Advisory Fees and/or Reimburse Expenses so that Net Annual Fund Operating Expenses as set forth in the Financial Highlights will not exceed the following amounts until at least April 29, 2008 (as a % of average daily net assets): |
|
MIDCO Growth |
0.65% |
0.43% |
1.08% |
- |
1.15% |
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Growth |
0.65% |
0.46% |
1.11% |
- |
1.15% |
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Blue Chip |
0.65% |
0.44% |
1.09% |
- |
1.15% |
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Mid-Cap Value |
0.75% |
0.48% |
1.23% |
- |
1.25% |
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Small-Cap Opportunity |
1.00% |
0.73% |
1.73% |
(0.43)% |
1.30% |
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Small-Cap Value |
1.00% |
0.53% |
1.53% |
(0.23)% |
1.30% |
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Select |
0.65% |
0.88% |
1.53% |
(0.38)% |
1.15% |
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Flexible Income |
0.45% |
0.51% |
0.96% |
(0.11)% |
0.85% |
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Plus Bond |
0.45% |
0.41% |
0.86% |
(0.31)% |
0.55% |
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Colorado Tax-Exempt |
0.50% |
0.48% |
0.98% |
(0.33)% |
0.65% |
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International Frontier Fund |
1.20% |
1.06% |
2.26% |
(0.76)% |
1.50% |
