0001111830-10-000165 Sample Contracts

Schwartz Investment Trust Bloomfield Hills, Michigan 48301
Investment Trust • February 16th, 2010 • Schwartz Investment Trust • Michigan

Schwartz Investment Trust (the "Trust") is a diversified open-end management investment company registered under the Investment Company Act of 1940, as amended (the "Act"), and subject to the rules and regulations promulgated thereunder. The Trust has established the Ave Maria World Equity Fund (the "Fund") as a series of shares of the Trust.

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EXPENSE LIMITATION AGREEMENT SCHWARTZ INVESTMENT COUNSEL, INC. Bloomfield Hills, Michigan 48301
Expense Limitation Agreement • February 16th, 2010 • Schwartz Investment Trust • Michigan
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