AMENDED AND RESTATED SCHEDULE A DATED DECEMBER 31, 2015 TO THE INVESTMENT ADVISORY AGREEMENT DATED NOVEMBER 2, 2010 BETWEEN FUNDVANTAGE TRUST AND GOTHAM ASSET MANAGEMENT, LLC

Exhibit 99.B(d)(xii)(B)

AMENDED AND RESTATED

SCHEDULE A

DATED DECEMBER 31, 2015

TO THE

INVESTMENT ADVISORY AGREEMENT DATED NOVEMBER 2, 2010

BETWEEN

FUNDVANTAGE TRUST AND GOTHAM ASSET MANAGEMENT, LLC

Series of FundVantage Trust		Effective Date
Gotham Absolute Return Fund		August 28, 2012
Gotham Enhanced Return Fund		May 30, 2013
Gotham Neutral Fund		August 30, 2013
Gotham Absolute 500 Fund		July 25, 2014
Gotham Enhanced 500 Fund		December 31, 2014
Gotham Total Return Fund		March 30, 2015
Gotham Index Plus Fund		March 30, 2015
Gotham Institutional Value Fund		December 31, 2015

IN WITNESS WHEREOF, each of the parties hereto has caused this Amended and Restated Schedule A to be executed in its name and on its behalf by its duly authorized representative as of December 31, 2015.

	FUNDVANTAGE TRUST
	By:	/s/ Xxxx Xxxxx
	Name:	Xxxx Xxxxx
	Title:	President and Chief Executive Officer
	GOTHAM ASSET MANAGEMENT, LLC
	By:	/s/ Xxxxx XxXxxxx
	Name:	Xxxxx XxXxxxx
	Title:	General Counsel & CCO

A-1

AMENDED AND RESTATED

SCHEDULE B

DATED DECEMBER 31, 2015

TO THE

INVESTMENT ADVISORY AGREEMENT DATED NOVEMBER 2, 2010

BETWEEN

FUNDVANTAGE TRUST AND GOTHAM ASSET MANAGEMENT, LLC

Investment Advisory Fee Schedule

Fund		Annual Fee as a Percentage of Fund’s Average Daily Net Assets		Effective Date
Gotham Absolute Return Fund		2.00% (200 basis points)		August 28, 2012
Gotham Enhanced Return Fund		2.00% (200 basis points)		May 30, 2013
Gotham Neutral Fund		2.00% (200 basis points)		August 30, 2013
Gotham Absolute 500 Fund		1.50% (150 basis points)		December 7, 2015
Gotham Enhanced 500 Fund		1.50% (150 basis points)		December 7, 2015
Gotham Index Plus Fund		1.00% (100 basis points)		December 7, 2015
Gotham Total Return Fund		2.00% (200 basis points)*		March 30, 2015
Gotham Institutional Value Fund		0.80% (80 basis points)		December 31, 2015

* Assets invested in other mutual funds advised by Gotham shall be excluded from the Gotham Total Return Fund’s average daily net assets for purposes of calculating the advisory fee.

[Signature Page Follows]

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IN WITNESS WHEREOF, each of the parties hereto has caused this Amended and Restated Schedule B to be executed in its name and on its behalf by its duly authorized representative as of December 31, 2015.

	FUNDVANTAGE TRUST
	By:	/s/ Xxxx Xxxxx
	Name:	Xxxx Xxxxx
	Title:	President and Chief Executive Officer
	GOTHAM ASSET MANAGEMENT, LLC
	By:	/s/ Xxxxx XxXxxxx
	Name:	Xxxxx XxXxxxx
	Title:	General Counsel & CCO

B-1