Exhibit 17(g)
Xxxxx Xxxxxx Fund Management LLC
000 Xxxx Xxxxxx
Xxx Xxxx, XX 00000
____________, 2003
Xxxxx Xxxxxx Trust II
000 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000
Re: Form of Expense Waiver and Reimbursement Agreement
Ladies and Gentlemen:
Xxxxx Xxxxxx Fund Management LLC currently provides investment management
services to Xxxxx Xxxxxx Trust II (the "Trust"), a Massachusetts business trust,
on behalf of its series Xxxxx Xxxxxx International Large Cap Fund (the "Fund").
We hereby agree with the Trust that we will waive expenses payable to us by the
Fund or will reimburse the Fund for all expenses payable by the Fund to the
extent necessary so that the Fund's aggregate expenses (excluding interest,
taxes, brokerage fees, commissions and other investment-related costs, and
extraordinary expenses such as litigation costs), net of waivers and
reimbursements, do not exceed 1.75% per annum in the case of Class A shares,
2.50% per annum in the case of Class B shares, 2.35% per annum in the case of
Class L shares and 1.50% per annum in the case of Class Y shares, of the Fund's
average daily net assets.
This agreement in this letter shall take effect on the day (the "Closing
Date") on which the transactions contemplated by that certain Agreement and Plan
of Reorganization dated ____________, 2003 by and between the Trust, on behalf
of the Fund, and Xxxxx Xxxxxx World Funds, Inc., on behalf of its series
European Portfolio, are consummated and shall continue until the first
anniversary of the Closing Date.
-2-
Please sign below to confirm your agreement with the terms of this letter.
Sincerely,
XXXXX XXXXXX FUND
MANAGEMENT LLC
By:
------------------------------------
Name:
Title:
Agreed:
XXXXX XXXXXX TRUST II,
on behalf of Xxxxx Xxxxxx
International Large Cap Fund
By:
-----------------------------------------
Name:
Title:
