EXPENSE LIMITATION AGREEMENT
Exhibit (d)(2)
AGREEMENT made as of the 1st day of August 2007 by and between STI Classic Funds (the “Trust”), a
Massachusetts business trust, and Trusco Capital Management Inc. (the “Adviser”).
The Adviser hereby agrees to waive its fee and/or reimburse expenses to the extent necessary to
limit total operating expenses for the series of the Trust (the “Funds”) set forth on Schedule A to
the levels set forth on Schedule A until August 1, 2008.
If at any point before August 1, 2010, it becomes unnecessary for the Adviser to make
reimbursements for a particular Fund, the Adviser may retain the difference between the Total
Annual Fund Operating Expenses of that Fund and the applicable expense cap to recapture any of its
prior reimbursements.
The Trust acknowledges that the Adviser 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 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.
| TRUSCO CAPITAL MANAGEMENT INC. | ||||||
EXPENSE LIMITATION AGREEMENT
SCHEDULE A
SCHEDULE A
| SHARE | EXPENSE | |||||||
| FUND | CLASS | LIMITATION | ||||||
Select Large Cap Growth Stock |
I | 0.95 | % | |||||
| A | 1.25 | % | ||||||
| C | 1.95 | % | ||||||
Seix Floating Rate High Income |
I | 0.55 | % | |||||
| A | 0.85 | % | ||||||
| C | 1.55 | % | ||||||
Classic Institutional Cash Management |
Institutional | 0.17 | % | |||||
Money Market |
||||||||
Classic Institutional Municipal Cash |
Institutional | 0.20 | % | |||||
Reserve Money Market |
||||||||
Classic Institutional U.S. Government |
Institutional | 0.20 | % | |||||
Securities Money Market |
||||||||
Classic Institutional U.S. Treasury |
Institutional | 0.20 | % | |||||
Securities Money Market |
||||||||
| Corporate Trust | 0.45 | % | ||||||
Life Vision Aggressive Growth |
I | 0.20 | % | |||||
| A | 0.50 | % | ||||||
| B | 0.95 | % | ||||||
| C | 1.20 | % | ||||||
Life Vision Conservative Growth |
I | 0.20 | % | |||||
| A | 0.50 | % | ||||||
| B | 0.95 | % | ||||||
| C | 1.20 | % | ||||||
Life Vision Growth & Income |
I | 0.20 | % | |||||
| A | 0.50 | % | ||||||
| B | 0.95 | % | ||||||
| C | 1.20 | % | ||||||
| SHARE | EXPENSE | |||||||
| FUND | CLASS | LIMITATION | ||||||
Life Vision Moderate Growth |
I | 0.20 | % | |||||
| A | 0.50 | % | ||||||
| B | 0.95 | % | ||||||
| C | 1.20 | % | ||||||
Life Vision Target Date 2015 |
I | 0.20 | % | |||||
| A | 0.50 | % | ||||||
| C | 1.20 | % | ||||||
Life Vision Target Date 2025 |
I | 0.20 | % | |||||
| A | 0.50 | % | ||||||
| C | 1.20 | % | ||||||
Life Vision Target Date 2035 |
I | 0.20 | % | |||||
| A | 0.50 | % | ||||||
| C | 1.20 | % | ||||||
