Expense Limitation and Fee Waiver AgreementSaturna Investment Trust • March 31st, 2017
Pursuant to the Fund changes approved in yesterday's meeting of the Board of Trustees of Saturna Investment Trust, Saturna Capital Corporation is undertaking to continue to subsidize certain Sextant Funds and the Sustainable Funds by further waiving Saturna's management fee and, to the extent necessary, reimburse expenses, to limit the total net annual operating expenses (excluding taxes, commissions, and extraordinary expenses) of each Fund listed below, effective on the "End 12b1 Date" through March 31, 2018, as listed in the table below. The expense limitations approved by the Board in December 2016 are continued until the "End 12b1 Date", then reduced as shown below. These further reduced limitations are effective only with the ending of the Rule 12b1 0.25% annual Distribution fee charged to certain Funds, expected on June 2, 2017 (the "End 12b1 Date").
