EX-99.28.H.105 9 fp0024641_ex9928h105.htm
 
Exhibit (h)(105)

FEE WAIVER LETTER
RONDURE GLOBAL ADVISORS, LLC
136 South Main Street, Suite 720
Salt Lake City, UT 84101

March 23, 2017

Mr. Edmund J. Burke
Financial Investors Trust
1290 Broadway, Suite 1100
Denver, CO 80203

Re:
Rondure New World Fund and Rondure Overseas Fund (the “Funds”), each a Series of Financial Investors Trust (the “Trust”)

Dear Mr. Burke:

This letter confirms the agreement of Rondure Global Advisors, LLC (the “Adviser”) with the Trust to contractually limit the total amount of the “Management Fees” and “Other Expenses” that it is entitled to receive from the Funds.

With respect to the Funds’ Investor Class, to the extent the Total Annual Fund Operating Expenses (as defined in Item 3 of Form N-1A, exclusive of acquired fund fees and expenses, brokerage expenses, interest expense, taxes and extraordinary expenses) exceed 1.35% and 1.10%, respectively, of each of the Rondure New World Fund’s and Rondure Overseas Fund’s average daily net assets through August 31, 2018, the Adviser will reduce the fee payable with respect to the applicable Fund to the extent of such excess, and/or shall reimburse the applicable Fund (or class as applicable) by the amount of such excess.

With respect to the Funds’ Institutional Class, to the extent the Total Annual Fund Operating Expenses (as defined in Item 3 of Form N-1A, exclusive of acquired fund fees and expenses, brokerage expenses, interest expense, taxes and extraordinary expenses) exceed 1.10% and 0.85%, respectively, of each of the Rondure New World Fund’s and Rondure Overseas Fund’s average daily net assets through August 31, 2018, the Adviser will reduce the fee payable with respect to the applicable Fund to the extent of such excess, and/or shall reimburse the applicable Fund (or class as applicable) by the amount of such excess.

The Adviser further agrees that such fee waivers and reimbursements for the Funds are effective as of the date of this letter and shall continue at least through August 31, 2018.

The Adviser will be permitted to recapture, on a class-by-class basis, expenses it has borne through this letter agreement to the extent that a Fund’s expenses in later periods fall below the annual rates set forth in this letter agreement or in previous letter agreements; provided, however, that such recapture payments do not cause the Fund’s expense ratio (after recapture) to exceed the lesser of (i) the expense cap in effect at the time of the waiver and (ii) the expense cap in effect at the time of the recapture. Notwithstanding the foregoing, the Funds will not be obligated to pay any such deferred fees and expenses more than three years after the date on which the fee and expenses was deferred.


RONDURE GLOBAL ADVISORS, LLC
 
     
By:
/s/ Eric Huefner
 
Name:
Eric Huefner
 
Title:
CCO
 
     
Acknowledge and accepted by:
 
     
FINANCIAL INVESTORS TRUST
 
     
By:
/s/ Edmund J. Burke
 
Name:
Edmund J. Burke
 
Title:
President