EXPENSE LIMITATION/REIMBURSEMENT AGREEMENT
Exhibit (h)(xxvi)
THIS AGREEMENT is entered into as of the 25th day of January, 2011, between BOSTON
ADVISORS, LLC (the “Adviser”) and FUNDVANTAGE TRUST (the “Trust”), on behalf of the Boston Advisors
Broad Allocation Strategy Fund (the “Fund”).
WHEREAS, the Adviser desires to contractually agree to reduce its advisory fee and/or
reimburse certain of the Fund’s operating expenses to ensure that the Fund’s total operating
expenses, excluding taxes, distribution fees, shareholder service fees, transfer agency fees,
interest, extraordinary items, and brokerage commissions, do not exceed the levels described below.
NOW, THEREFORE, the parties agree as follows:
Fee Reduction/Reimbursement. The Adviser agrees that from the commencement of the operations
of the Fund through August 31, 2014, it will reduce its compensation and/or reimburse certain
expenses for the Fund, to the extent necessary to ensure that the Fund’s total operating expenses,
excluding taxes, any class-specific expenses (such as distribution fees, shareholder service fees,
or transfer agency fees), interest, extraordinary items, “Acquired Fund fees and expenses” and
brokerage commissions, do not exceed 0.99% for the Fund (on an annual basis) of the Fund’s average
daily net assets.
Fee Recovery. The Adviser shall be entitled to recover, subject to approval by the Board of
Trustees of the Trust, such amounts for a period of up to three (3) years from the year in which
the Adviser reduced its compensation and/or assumed expenses for the Fund.
Term. This Agreement shall terminate on August 31, 2014, or at an earlier date upon the
discretion of the Board of Trustees of the Trust, unless extended, terminated, modified or revised
by the mutual agreement of the parties, as provided for in writing.
Executed as of the date first set forth above.
| BOSTON ADVISORS, LLC |
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| By: | /s/ Xxxxxxx X. Xxxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxxx, CFA | |||
| Title: | President | |||
| FUNDVANTAGE TRUST, on behalf of the Fund |
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| By: | /s/ Xxxx Xxxxx | |||
| Name: | Xxxx Xxxxx | |||
| Title: | President | |||
