0001193125-17-101849 Sample Contracts

EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • March 29th, 2017 • Smead Funds Trust

This Agreement is made as of this 24th day of January, 2017, by and between Smead Funds Trust (the “Trust”), on behalf of the series of the Trust listed on the attached Exhibit A (the “Funds”), and Smead Capital Management, Inc. (the “Adviser”).

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