0001193125-17-371915 Sample Contracts

EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • December 18th, 2017 • Smead Funds Trust

This Agreement is made as of this 7th day of November, 2017, by and between Smead Funds Trust (the “Trust”), on behalf of the series and classes of the Trust listed on the attached Exhibit A (the “Funds”), and Smead Capital Management, Inc. (the “Adviser”).

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