Expense Limitation Agreement

Exhibit 99.(d)(xiii)

 

Expense Limitation Agreement

 

This Expense Limitation Agreement (the “Agreement”) is made and entered into this 1^st day of March, 2018 between Lord, ▇▇▇▇▇▇ & Co. LLC (“Lord ▇▇▇▇▇▇”), Lord ▇▇▇▇▇▇ Distributor LLC (“Lord ▇▇▇▇▇▇ Distributor”), and Lord ▇▇▇▇▇▇ Securities Trust (the “Trust”) with respect to Lord ▇▇▇▇▇▇ International Equity Fund (“International Equity Fund”), Lord ▇▇▇▇▇▇ International Dividend Income Fund (“International Dividend Income Fund”), Lord ▇▇▇▇▇▇ Global Core Equity Fund (“Global Core Equity Fund”), and Lord ▇▇▇▇▇▇ Growth Leaders Fund (“Growth Leaders Fund”) (each, a “Fund”).

 

In consideration of good and valuable consideration, receipt of which is hereby acknowledged, it is agreed as follows:

 

1.

With respect to International Equity Fund, Lord ▇▇▇▇▇▇ agrees for the time period set forth in paragraph 6 below to waive all or a portion of its management and administrative services fees and reimburse the Fund’s other expenses to the extent necessary to limit total net annual operating expenses, excluding 12b-1 fees and acquired fund fees and expenses, to an annual rate of 0.92% for Class A, B, C, P, R2, R3, R4, R5, and T and to an annual rate of 0.84% for Class F and I. For the same period, Lord ▇▇▇▇▇▇ agrees to waive all or a portion of its management and administrative services fees and reimburse the Fund’s other expenses to the extent necessary to limit total net annual operating expenses, excluding acquired fund fees and expenses, to an annual rate of 0.82% for Class F3 and R6.

 

2.

With respect to International Dividend Income Fund, Lord ▇▇▇▇▇▇ agrees for the time period set forth in paragraph 6 below to waive all or a portion of its management and administrative services fees and reimburse the Fund’s other expenses to the extent necessary to limit total net annual operating expenses, excluding 12b-1 fees and acquired fund fees and expenses, to an annual rate of 0.87% for Class A, B, C, R2, R3, R4, R5, and T and to an annual rate of 0.81% for Class F and I. For the same period, Lord ▇▇▇▇▇▇ agrees to waive all or a portion of its management and administrative services fees and reimburse the Fund’s other expenses to the extent necessary to limit total net annual operating expenses, excluding acquired fund fees and expenses, to an annual rate of 0.82% for Class F3 and R6.

 

3.

With respect to Global Core Equity Fund, Lord ▇▇▇▇▇▇ agrees for the time period set forth in paragraph 6 below to waive all or a portion of its management and administrative services fees and reimburse the Fund’s other expenses to the extent necessary to limit total net annual operating expenses, excluding 12b-1 fees and acquired fund fees and expenses, to an annual rate of 0.80% for each class other than Class F3 and R6. For the same period, Lord

▇▇▇▇▇▇ agrees to waive all or a portion of its management and administrative services fees and reimburse the Fund’s other expenses to the extent necessary to limit total net annual operating expenses, excluding acquired fund fees and expenses, to an annual rate of 0.78% for Class F3 and R6.

 

4.

With respect to Growth Leaders Fund, Lord ▇▇▇▇▇▇ Distributor agrees for the time period set forth in paragraph 6 below to waive the Fund’s 0.10% Rule 12b-1 fee for Class F.

 

5.

To limit each Fund’s total net annual operating expenses as specified above, Lord ▇▇▇▇▇▇ will waive the same amount of management and administrative services fees for each share class, but may reimburse different amounts of shareholder servicing expenses for each share class in its sole discretion.

 

6.

This Agreement will be effective from March 1, 2018 through February 28, 2019. This Agreement may be terminated only by the Board of Trustees of the Trust upon written notice to Lord ▇▇▇▇▇▇.

 

 

 

[Signatures follow on next page]

 

 

IN WITNESS WHEREOF, Lord ▇▇▇▇▇▇, Lord ▇▇▇▇▇▇ Distributor, and the Trust have caused this Agreement to be executed by a duly authorized member and officer, respectively, to become effective as of the day and year first above written.

 

 

	LORD ▇▇▇▇▇▇ SECURITIES TRUST
	By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
	▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
	Vice President and Assistant Secretary
	LORD, ▇▇▇▇▇▇ & CO. LLC
	By: /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
	▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
	Member and General Counsel
	LORD ▇▇▇▇▇▇ DISTRIBUTOR LLC
	By: LORD, ▇▇▇▇▇▇ & CO. LLC
	By: /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
	▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
	Member and General Counsel