EXPENSE LIMITATION AGREEMENT
Exhibit (d)(5)
AGREEMENT made as of the 9th day of January, 2008 by and between STI Classic Funds (the “Trust”), a
Massachusetts business trust, Trusco Capital Management Inc. (the “Adviser”) and Alpha Equity
Management, LLC (the “Subadviser”).
The Adviser and Subadviser hereby agree to waive their fees and the Adviser agrees to reimburse
expenses to the extent necessary to limit total operating expenses (excluding taxes, brokerage
commissions, substitute dividend expenses on securities sold short, extraordinary expenses and
estimated indirect expenses attributable to investments in other funds, such as ETFs) for the
series of the Trust (the “Funds”) set forth on Schedule A to the levels set forth on Schedule A
until August 1, 2009. The total advisory fees waived shall be borne 40% by the Adviser and 60% by
the Subadviser.
If at any point before August 1, 2011, it becomes unnecessary for the Adviser or Subadviser to
waive fees or to make reimbursements for a particular Fund, the Adviser and Subadviser may retain
the difference between the Total Annual Fund Operating Expenses of that Fund and the applicable
expense cap to recapture any of their prior reimbursements.
The Trust acknowledges that the Adviser and Subadviser may engage in brokerage transactions using
Fund assets with brokers who agree to pay a portion of the Fund’s expenses, and that the Adviser’s
and Subadviser’s guarantee of Fund expense ratios takes into account these expenses-limiting
arrangements.
IN WITNESS WHEREOF, the parties hereto have caused this Expense Limitation Agreement to be executed
as of the day and year first written above.
STI CLASSIC FUNDS
|
TRUSCO CAPITAL MANAGEMENT INC. | |
By: /s/ Xxxxx Xxxxx
|
By: /s/ Xxxxx X. Xxxxxx | |
ALPHA EQUITY MANAGEMENT, LLC |
||
By: /s/ Xxxxx Means |
Exhibit (d)(5)
EXPENSE LIMITATION AGREEMENT
SCHEDULE A
SCHEDULE A
| SHARE | EXPENSE | |||||||
| FUND | CLASS | LIMITATION | ||||||
International Equity 130/30 Fund |
I | 1.55 | % | |||||
| A | 1.90 | % | ||||||
| C | 2.55 | % | ||||||
Real Estate 130/30 Fund |
I | 1.45 | % | |||||
| A | 1.80 | % | ||||||
| C | 2.45 | % | ||||||
U.S. Equity 130/30 Fund |
I | 1.30 | % | |||||
| A | 1.65 | % | ||||||
| C | 2.30 | % | ||||||
