EX-99.H.5.E 4 dex99h5e.htm FORM OF FEE WAIVER AGREEMENT Form of Fee Waiver Agreement

Exhibit (h)(5)(e)

 

May 5, 2006

 

JPMorgan Trust I

522 Fifth Avenue

New York, NY 10036

 

Dear Sirs:

 

J.P. Morgan Investment Management Inc, JPMorgan Funds Management, Inc. and JPMorgan Distribution Services, Inc. (collectively, “JPMorgan Service Providers”) hereby agree to waive fees and/or expenses owed to each JPMorgan Service Provider or to reimburse each Fund listed on Schedule A for the time periods so indicated. The JPMorgan Service Providers will waive fees or reimburse to the extent total operating expenses exceed the rate of average daily net assets also indicated on Schedule A. This expense limitation does not include dividend expenses on securities sold short, interest, taxes, extraordinary expenses and expenses related to the JPMorgan Funds’ deferred compensation plan.

 

The JPMorgan Service Providers understand and intend that the Funds will rely on this agreement in preparing and filings their registration statements on Form N-1A and in accruing the Funds’ expenses for purposes of calculating net asset value and for other purposes, and expressly permit the Funds to do so.

 

Please acknowledge acceptance on the enclosed copy of this letter.

 

Very truly yours,

 

J.P. Morgan Investment Management Inc.

JPMorgan Funds Management, Inc.

JPMorgan Distribution Services, Inc.

 

By:

Accepted by:

JPMorgan Trust I

 

By:

 

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SCHEDULE A

 

Fund Name

   

Class

   

Fiscal Year End

    Expense Cap
    

Expense Cap Period End

SmartRetirement Income Fund

    Class A    June 30    .42 %   October 31, 2007
     Class C         .92 %    
     Select         .17 %    
     Institutional         .02 %    

SmartRetirement 2010 Fund

    Class A    June 30    .43 %   October 31, 2007
     Class C         .93 %    
     Select         .18 %    
     Institutional         .03 %    

SmartRetirement 2015 Fund

    Class A    June 30    .43 %   October 31, 2007
     Class C         .93 %    
     Select         .18 %    
     Institutional         .03 %    

SmartRetirement 2020 Fund

    Class A    June 30    .43 %   October 31, 2007
     Class C         .93 %    
     Select         .18 %    
     Institutional         .03 %    

SmartRetirement 2030 Fund

    Class A    June 30    .44 %   October 31, 2007
     Class C         .94 %    
     Select         .19 %    
     Institutional         .04 %    

SmartRetirement 2040 Fund

    Class A    June 30    .44 %   October 31, 2007
     Class C         .94 %    
     Select         .19 %    
     Institutional         .04 %    

 

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