0001193125-20-088375 Sample Contracts

EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • March 27th, 2020 • Smead Funds Trust

This Agreement is made as of this 21st day of January, 2020, 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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