ALPS ADVISORS, INC.
Exhibit (13)(t)
ALPS ADVISORS, INC.
0000 Xxxxxxxx, Xxxxx 0000
Denver, CO 80203
[Form of]
June 8, 2010
Xx. Xxxxxx X. Xxxxx, Chairman
0000 Xxxxxxxx, Xxxxx 0000
Denver, CO 80203
| Re: | RiverFront Funds of the Financial Investors Trust (the “Trust”) |
Dear Xx. Xxxxx:
This letter confirms ALPS Advisors, Inc.’s (the “Adviser”) agreement with the Trust to contractually limit the total amount of the “Advisory Fee” and “Other Expenses” that they are entitled to receive from each of the following funds: the RiverFront Long-Term Growth Fund, the RiverFront Moderate Growth Fund, the RiverFront Long-Term Growth & Income Fund and the RiverFront Moderate Growth & Income Fund (a “Fund” or, collectively, the “Funds”).
Investor Class and Class L Shares of the RiverFront Long-Term Growth Fund
To the extent the Total Annual Fund Operating Expenses (as defined in Item 3 to Form N-1A), after such expense reimbursement and/or fee waiver (including acquired fund fees and expenses but excluding brokerage expenses, interest expense, taxes and extraordinary expenses) does not exceed 1.15% for Investor Class shares and 0.90% for Class L shares of the RiverFront Long-Term Growth Fund, the Adviser will reduce the fee payable with respect to such Fund to the extent of such excess and/or shall reimburse the Fund (or class as applicable) by the amount of such excess. The waiver or reimbursement shall be allocated to each class of the Fund in the same manner as the underlying expenses or fees were allocated.
The Adviser agrees that the above fee waivers and reimbursements for the RiverFront Long-Term Growth Fund are effective as of June 8, 2010 and shall continue through at least December 31, 2012.
Class A, Class C and Class I Shares for the Funds
To the extent the Total Annual Fund Operating Expenses (as defined in Item 3 to Form N-1A), after such expense reimbursement and/or fee waiver (exclusive of distribution and service (12b-1) fees, shareholder services fees, acquired fund fees and expenses, brokerage expenses, interest expense, taxes and extraordinary expenses) does not exceed 1.05% for each of the Class A, Class C and Class I shares of the Funds, the Adviser will reduce the fee payable with respect to a Fund to the extent of such excess and/or shall reimburse the Fund (or class as applicable) by the amount of such excess. The waiver or reimbursement shall be allocated to each class of each Fund in the same manner as the underlying expenses or fees were allocated.
The Adviser agrees that the above fee waivers and reimbursements for the Funds are effective as of June 8, 2010 and shall continue through at least August 31, 2011.
* * * * *
The Adviser will be permitted to recover, on a class-by-class basis, expenses it has borne through this letter agreement to the extent that a Fund’s expenses in later periods fall below the annual rates set forth in this letter agreement. Notwithstanding the foregoing, the Fund will not be obligated to pay any such deferred fees and expenses more than three years after the end of the fiscal year in which the fee and expenses was deferred.
| ALPS ADVISORS, INC. | ||
| By: |
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| Name: | ||
| Title: | ||
Your signature below acknowledges acceptance of this letter agreement:
| FINANCIAL INVESTORS TRUST | ||
| By: |
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| Name: | ||
| Title: | ||
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