Exhibit (h)(4)
Form of Reimbursement Agreement
Diversified Investment Advisors, Inc.
May 1, 1999
The Diversified Investors Funds Group
Four Xxxxxxxxxxxxxx Xxxx
Xxxxxxxx, Xxx Xxxx 00000
Ladies and Gentlemen:
As you know, we and certain of our affiliates currently provide
administrative, distribution, transfer agency and other services to the several
series of The Diversified Investors Funds Group (the "Trust"). We hereby agree
with the Trust that for each class of shares of each series of the Trust listed
on Schedule 1 to this letter, we will reimburse that series for all expenses
(other than Excluded Expenses, as defined below) payable by that series for
each such class described in the Trust's Registration Statement on Form N-1A as
filed with the Securities and Exchange Commission, as in effect from time to
time, to the extent necessary so that the series' aggregate expenses for each
such class, net of waivers, would not exceed on a per annum basis the
percentage of average daily net assets specified for that series on Schedule 1.
Reimbursement of each series' expenses will be made monthly.
Excluded Expenses means (a) interest expense, (b) brokerage commissions,
(c) any and all extraordinary, non-recurring expenses, such as expenses of
litigation, and (d) any and all expenses related to the organization of a
particular series.
The agreements in this letter shall take effect on the date hereof, and
shall remain in effect as to each series on Schedule 1 until the earlier to
occur of (i) the undersigned ceasing to serve as the investment adviser of the
underlying master fund (or series thereof) in which that series invests, or
(ii) the date specified opposite that series on Schedule 1.
Please sign below to confirm your agreement with the terms of this letter.
Sincerely,
Diversified Investment Advisors, Inc.
By: ----------------------------------
Title:
Agreed:
The Diversified Investors Funds Group
By: ----------------------------------
Title:
Schedule 1
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Expense Caps by Class
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Series Xxxxxxxx Xxxxxxxx Termination
Diversified Premium Institutional Date
---------------------- ------------- ---------- --------------- -------------
Money Market
Fund
---------------------- ------------- ---------- --------------- -------------
High Quality
Bond Fund
---------------------- ------------- ---------- --------------- -------------
Int. Gov'x. Xxxx
Fund
---------------------- ------------- ---------- --------------- -------------
Gov't/Corp. Bond
Fund
---------------------- ------------- ---------- --------------- -------------
High-Yield Bond
Fund
---------------------- ------------- ---------- --------------- -------------
Balanced
Fund
---------------------- ------------- ---------- --------------- -------------
Equity Income
Fund
---------------------- ------------- ---------- --------------- -------------
Equity Value
Fund
---------------------- ------------- ---------- --------------- -------------
Growth & Income
Fund
---------------------- ------------- ---------- --------------- -------------
Equity Growth
Fund
---------------------- ------------- ---------- --------------- -------------
Special Equity
Fund
---------------------- ------------- ---------- --------------- -------------
Aggressive Equity
Fund
---------------------- ------------- ---------- --------------- -------------
Internat'l Equity
Fund
---------------------- ------------- ---------- --------------- -------------
Xxxxxxxx Select
Equity Fund
---------------------- ------------- ---------- --------------- -------------
Xxxxxxxx
Intermediate
Bond Fund
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