FORM OF EXPENSE LIMITATION/REIMBURSEMENT AGREEMENT
EXHIBIT 28(h)(iv)
FORM OF
THIS AGREEMENT is entered into as of the [___] day of [___], 2010, between BOSTON ADVISORS,
LLC (the “Adviser”) and FUNDVANTAGE TRUST (the “Trust”), on behalf of the Boston Advisors US Small
Cap Equity Fund, the Boston Advisors International Equity Fund and the Boston Advisors Broad
Allocation Strategy Fund (the “Funds”).
WHEREAS, the Adviser desires to contractually agree to reduce its advisory fee and/or
reimburse certain of the Funds’ operating expenses to ensure that the Funds 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 each Fund through [August 31, 2011], it will reduce its compensation and/or reimburse certain
expenses for the Funds, to the extent necessary to ensure that the Funds 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, 1.15% for the Boston Advisors US Small Cap Equity Fund, 1.30%
for the Boston Advisors International Equity Fund and 0.99% for the Boston Advisors Broad
Allocation Strategy Fund (on an annual basis) of the Funds’ 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 Funds.
Term. This Agreement shall terminate on [August 31, 2011], 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 | ||||||
| By: | ||||||
| Name: | ||||||
| Title: | ||||||
| FUNDVANTAGE TRUST, on behalf of the Funds | ||||||
| By: | ||||||
| Name: | Xxxx Xxxxx | |||||
| Title: | President | |||||
