Exhibit (d)(30)
April 29, 2005
Xxxxxx X. Xxxxx
President
The RBB Fund, Inc.
Bellevue Park Corporate Center
000 Xxxxxxxx Xxxxxxx, Xxxxx 000
Xxxxxxxxxx, XX 00000
Re: Robeco WPG Investment Funds
Dear Xx. Xxxxx:
By our execution of this letter agreement (the "Agreement"), intending
to be legally bound hereby and effective as of the date noted above, Robeco USA,
L.L.C., through its division Xxxxx, Xxxx & Xxxxx Investments (the "Adviser"),
agrees that in order to maintain the established expense ratios of the Robeco
WPG Investment Funds, which is comprised of the Robeco WPG Core Bond Fund, the
Robeco WPG Large Cap Growth Fund, and the Robeco WPG Tudor Fund (each a "Fund"),
of The RBB Fund, Inc., the Adviser shall, until further notice, but in no event
terminating before December 31, 2006, waive all or a portion of its investment
advisory fees and/or reimburse expenses (other than brokerage commissions,
extraordinary items, interest, taxes and any other items as agreed upon by both
parties from time to time) in an aggregate amount equal to the amount by which a
Fund's total operating expenses (other than brokerage commissions, extraordinary
items, interest, taxes and any other items as agreed upon by both parties from
time to time) exceeds a total operating expense ratio (other than brokerage
commissions, extraordinary items, interest, taxes and any other items as agreed
upon by both parties from time to time) of:
. 0.68%(excluding short sale dividend expense) of the average daily net
assets of the Investor Class of the Robeco WPG Core Bond Fund;
. 0.53%(excluding short sale dividend expense) of the average daily net
assets of the Retirement Class of the Robeco WPG Core Bond Fund;
. 0.43%(excluding short sale dividend expense) of the average daily net
assets of the Institutional Class of the Robeco WPG Core Bond Fund;
. 1.40%(excluding short sale dividend expense) of the average daily net
assets of the Institutional Class of the Robeco WPG Large Cap Growth
Fund; and
. 1.70%(excluding short sale dividend expense) of the average daily net
assets of the Institutional Class of the Robeco WPG Tudor Fund.
Exhibit (d)(30)
Page 2
April 29, 2005
Except to the extent of questions arising over miscalculated fees or a
good faith dispute over the excluded categories described above, the Adviser
acknowledges that (1) it shall not be entitled to collect on or make a claim for
waived fees at any time in the future, and (2) it shall not be entitled to
collect on or make a claim for reimbursed Fund expenses at any time in the
future.
XXXXX, XXXX & XXXXX INVESTMENTS,
A DIVISION OF ROBECO USA, L.L.C.
By: /s/ Xxxxxxx X. Xxxxx
Xxxxxxx X. Xxxxx
Chief Executive Officer
Your signature below acknowledges
acceptance of this Agreement:
By: /s/ Xxxxxx X. Xxxxx
Xxxxxx X. Xxxxx
President and Treasurer
The RBB Fund, Inc.