EX-99.D 3 exd.txt FEE WAIVER AND EXPENSE REIMBURSEMENT EXHIBIT (D) ----------- Contractual Advisory Fee Waiver and Expense Reimbursement Agreement AGREEMENT made this 1st day of October, 2003 by and between THE GABELLI WESTWOOD FUNDS, a Massachusetts business trust (the "Trust"), and GABELLI ADVISERS, INC. (the "Adviser"). The Adviser hereby agrees to waive advisory fees and reimburse expenses to the extent necessary to maintain Total Annual Operating Expenses at the following levels for a period of one year from the date of this Agreement for each class of the following funds:
FUND TOTAL ANNUAL OPERATING EXPENSES ---- ------------------------------- Class Class Class Class AAA A B C --- ------ ------- ------ Gabelli Westwood Small Cap Equity Fund 1.50% 1.75% 2.25% 2.25% Gabelli Westwood Mighty Mitessm Fund 1.50% 1.75% 2.25% 2.25% Gabelli Westwood Realty Fund 1.50% 1.75% 2.25% 2.25% Gabelli Westwood Intermediate Bond 1.00% 1.10% 1.75% 1.75% Fund
This Agreement shall be renewable at the end of each one year period for an additional one year period upon the written agreement of the parties hereto. IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed as of the day and year first written above. THE GABELLI WESTWOOD FUNDS GABELLI ADVISERS, INC. By: /S/ JAMES E. MCKEE By: /S/ BRUCE ALPERT ------------------------------ --------------------------- Name: James E. McKee Name: Bruce Alpert Attest: Attest: -------------------------- -----------------------