Exhibit (4)(h)
Xxxxxxxx-Xxxxxxxxx Capital Management
000 Xxxx Xxxxxxxx
Xxx Xxxxx, Xxxxxxxxxx 00000
Xxxxxxxx-Xxxxxxxxx Mutual Funds
000 Xxxx Xxxxxxxx
Xxx Xxxxx, Xxxxxxxxxx 00000
To Whom It May Concern:
This will confirm our agreement pursuant to which Xxxxxxxx-Xxxxxxxxx Capital
Management (the "Adviser") will waive its fees and absorb other operating
expenses of various series of the Xxxxxxxx-Xxxxxxxxx Institutional Funds, as set
forth on the following page, so that total operating expenses, excluding taxes,
interest, and the costs incurred in connection with the acquisition of
securities, do not exceed the percentages set forth on the following page
through March 31, 2000. In subsequent years, overall operating expenses for
each series will not fall below the applicable percentage limitation until the
Adviser has been fully reimbursed for fees foregone and expenses paid under this
Agreement, as each series will reimburse the Adviser in subsequent years when
operating expenses (before reimbursement) are less than the applicable
percentage limitation.
XXXXXXXX-XXXXXXXXX CAPITAL MANAGEMENT
By:
------------------------------------------
X. Xxxxx Xxxxx, Xx., Secretary
Accepted and Agreed to this
9th day of May, 1999
XXXXXXXX-XXXXXXXXX INSTITUTIONAL FUNDS
By:
---------------------------------------
X. Xxxxx Xxxxx, Xx.
EXPENSE LIMITATIONS
Small Cap Growth Class I 1.17%
Class R 1.42%
Mid Cap Growth Class I 1.00%
Class R 1.25%
Large Cap Growth Class I 1.00%
Class R 1.25%
Value Class I 1.00%
Class R 1.25%
Emerging Countries Class I 1.65%
Class R 1.90%
International Core Growth Class I 1.40%
Class R 1.65%
High Quality Bond Class I 0.45%
Class R 0.70%
Mini Cap Growth Class I 1.56%
Global Technology Class I 1.40%
International Small Cap Class I 1.40%
Worldwide Growth Class I 1.35%
Global Growth & Income Class I 1.35%
Latin America Class I 1.65%
Pacific Rim Class I 1.40%
Greater China Class I 1.40%
Convertible Class I 1.00%
Global Blue Chip Class I 1.20%
High Yield Bond Class I 0.75%
Short Intermediate Fixed Class I 0.35%
