Contractual Fee Cap Agreement
AGREEMENT made this June 1, 2015, by and between Croft Funds Corp., a Maryland Corporation (the "Company"), and Croft-Leominster, Inc. (the "Adviser").
The Adviser hereby agrees to waive its advisory fees and/or reimburse fund expenses (excluding brokerage, commissions, underlying fund fees and expenses or extraordinary expenses) through August 30, 2016 to limit total annual fund operating expenses to:
Fund
Total Annual Fund Operating Expenses
Focus Fund - R
1.47%
Focus Fund – I
1.22%
Value Fund – R
1.47%
Value Fund – I
1.22%
Income Fund
1.10%
IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed as of the day and year written above.
CROFT FUNDS CORPORATION
CROFT-LEOMINSTER, INC.
By: /s/Xxxx Xxxxx
By:
/s/Xxxx Xxxxx
Name:
Xxxx Xxxxx
Name:
Xxxx Xxxxx
Title:
President
Title:
President
1-WA/1849459.1
