EX-99.(D)(XV) 10 c90950_ex99dxv.htm FORM OF EXPENSE LIMITATION AGREEMENT (LORD ABBETT GLOBAL SELECT EQUITY FUND) DATED [AUGUST 1, 2018]

Exhibit 99.(d)(xv)

 

Form of
Expense Limitation Agreement

 

This Expense Limitation Agreement (the “Agreement”) is made and entered into this 1st day of August, 2018 between Lord, Abbett & Co. LLC (“Lord Abbett”), Lord Abbett Distributor LLC (“Lord Abbett Distributor”), and Lord Abbett Securities Trust (the “Trust”) with respect to Lord Abbett Global Select Equity Fund (the “Fund”).

 

In consideration of good and valuable consideration, receipt of which is hereby acknowledged, it is agreed as follows:

 

1.Lord Abbett agrees for the time period set forth in paragraph 3 below to waive all or a portion of its management and administrative services fees and reimburse the Fund’s other expenses to the extent necessary to limit total net annual operating expenses, excluding 12b-1 fees and acquired fund fees and expenses, to an annual rate of [0.80%] for each class other than Class F3 and R6. For the same period, Lord Abbett agrees to waive all or a portion of its management and administrative services fees and reimburse the Fund’s other expenses to the extent necessary to limit total net annual operating expenses, excluding acquired fund fees and expenses, to an annual rate of [0.69%] for Class F3 and R6. For the same time period, Lord Abbett Distributor agrees to waive the Fund’s [0.10%] Rule 12b-1 fee for Class F.
   
2.To limit the Fund’s total net annual operating expenses as specified above, Lord Abbett will waive the same amount of management and administrative services fees for each share class, but may reimburse different amounts of shareholder servicing expenses for each share class in its sole discretion.
   
3.This Agreement will be effective from [August 1, 2018 through February 29, 2020]. This Agreement may be terminated only by the Board of Trustees of the Trust upon written notice to Lord Abbett.

 

[Signatures follow on next page]

 

IN WITNESS WHEREOF, Lord Abbett, Lord Abbett Distributor, and the Trust have caused this Agreement to be executed by a duly authorized member and officer, respectively, to become effective as of the day and year first above written.

 

  Lord, Abbett & Co. llc
       
  By:     
    Lawrence H. Kaplan  
    Member and General Counsel  
       
  Lord Abbett Distributor llc
       
  By:    
    Lawrence H. Kaplan  
    Member and General Counsel
       
  Lord Abbett Securities Trust
       
  By:    
    Lawrence B. Stoller  
    Vice President and Assistant Secretary