EX-99.(H)(XIII) 3 d92887dex99hxiii.htm EXPENSE LIMITATION AGREEMENT BTWN THE TRUST & WILMINGTON FUNDS MANAGEMENT CORP Expense Limitation Agreement btwn the Trust & Wilmington Funds Management Corp

Wilmington Funds Management Corporation

1100 North market Street, 9th Floor

Wilmington, DE 19890

Wilmington Trust Investment Advisors, Inc.

1100 North market Street, 9th Floor

Wilmington, DE 19890

AMENDED LETTER AGREEMENT

December 29, 2023

Wilmington Funds

1100 North market Street, 9th Floor

Wilmington, DE 19890

Dear Sirs:

Reference is made to the Investment Advisory Contracts, each dated as of March 12, 2012, as amended (the “Advisory Contract”), between Wilmington Funds Management Corporation (the “Adviser”) and the Wilmington Funds (the “Trust”). Reference is also made to the Distribution Agreement, as amended (the “Distribution Agreement”), between ALPS Distributors, Inc. (“Distributor”) and the Trust.    

Distributor agrees that, for the one-year period commencing on December 29, 2023, through December 31, 2024, the Distribution Agreement is hereby amended to provide that the maximum Rule 12b-1 and shareholder services fees payable by the Trust under Section 2 of the Distribution Agreement shall not exceed the amounts set forth on Schedules A.1 and A.2 hereto with respect to the Wilmington Funds listed on such Schedules.

Advisor agrees that, for the one-year period commencing on December 29, 2023, through December 31, 2024, the Advisory Contract is hereby amended to provide that the Advisor will waive its contractual advisory fees and will reimburse the Trust for expenses (based on average daily net assets), so that total annual fund expenses, exclusive of the effects of acquired fund fees and expenses, taxes, extraordinary expenses, and brokerage commissions, and taking into account the waivers by Distributor described above, do not exceed the rates set forth hereto under the heading “Capped Total Fund Expenses” on Schedules A.1 hereto.

If the foregoing correctly sets forth the agreement between the Trust and Advisor and the Trust and Distributor, please so indicate by signing and returning to the Trust the enclosed copy hereof. This may be executed in counterpart.

 

Very truly yours,
WILMINGTON TRUST INVESTMENT ADVISORS, INC.
By:   /s/ John C. McDonnell
  Name: John C. McDonnell
  Title: Senior Vice President


WILMINGTON FUNDS MANAGEMENT CORPORATION
By:   /s/ John J. Kelley
  Name: John J. Kelley
  Title: President
ALPS DISTRIBUTORS, INC.
By:   /s/ Stephen Kyllo
  Name: Stephen Kyllo
  Title: President & Director

 

ACCEPTED:
WILMINGTON FUNDS
By:   /s/ John C. McDonnell
  Name: John C. McDonnell
  Title: Vice President and Chief Operations Officer

 

2


Schedule A.1

Wilmington Money Market Funds

Expense changes effective December 29, 2023

 

                                  Prospectus                                      
                                  Total                                      
                                  Annual Fund     Prospectus                                
                      Prospectus     Prospectus     Operating     Net                                
          Distribution           Total     Fee     Expenses     Annual                                
          and/or           Annual     Waivers     After Fee     Fund                       WFMC     WFMC  
    WFMC     Service           Fund     and/or     Waiver /     Operating     Management     Shareholder     Total     Gross     Net  
    Management     (12b-1)     Other     Operating     Expense     Expense     Expense     Fee     Service Fee     Expense     Mgmt     Mgmt  

Fund Name

  Fees     Fees     Expenses     Expenses     Reimbursement     Reimbursement     Limits     Waiver     Waiver     Waiver     Fee     Fee  

WILMINGTON U.S. GOVERNMENT MONEY MARKET FUND

                       

- Preferred Institutional Shares

    0.25     0.00     0.06     0.31     -0.15     0.16     0.16     -0.15     0.00     -0.15     0.25     0.10

- Institutional Shares

    0.25     0.00     0.16     0.41     -0.16     0.25     0.25     -0.15     -0.01     -0.16     0.25     0.10

- Select Shares

    0.25     0.00     0.31     0.56     -0.21     0.35     0.35     -0.15     -0.06     -0.21     0.25     0.10

- Administrative Shares

    0.25     0.25     0.31     0.81     -0.21     0.60     0.60     -0.15     -0.06     -0.21     0.25     0.10

- Service Shares

    0.25     0.25     0.31     0.81     -0.15     0.66     0.66     -0.15     0.00     -0.15     0.25     0.10

WILMINGTON U.S. TREASURY MONEY MARKET FUND

                       

- Preferred Institutional Shares

    0.25     0.00     0.08     0.33     -0.17     0.16     0.16     -0.17     0.00     -0.17     0.25     0.08

- Institutional Shares

    0.25     0.00     0.18     0.43     -0.18     0.25     0.25     -0.17     -0.01     -0.18     0.25     0.08

- Select Shares

    0.25     0.00     0.33     0.58     -0.23     0.35     0.35     -0.17     -0.06     -0.23     0.25     0.08

- Administrative Shares

    0.25     0.25     0.33     0.83     -0.23     0.60     0.60     -0.17     -0.06     -0.23     0.25     0.08

- Service Shares

    0.25     0.25     0.33     0.83     -0.17     0.66     0.66     -0.17     0.00     -0.17     0.25     0.08