PRINCIPAL EXCHANGE-TRADED FUNDS, INC. CONTRACTUAL FEE WAIVER AGREEMENT
PRINCIPAL EXCHANGE-TRADED FUNDS, INC.
CONTRACTUAL FEE WAIVER AGREEMENT
AGREEMENT made this November 1, 2018 by and between Principal Exchange-Traded Funds, Inc. (the “Fund”) and Principal Global Investors, LLC (the “Advisor”) (together, the “Parties”).
The Advisor has contractually agreed to limit the Fund’s expenses, (excluding interest expense, expenses related to fund investments, acquired fund fees and expenses, and other extraordinary expenses) on certain share classes of certain of the Funds. The reductions and reimbursements are in amounts that maintain total operating expenses at or below certain limits. The limits are expressed as a percentage of average daily net assets attributable to each respective class on an annualized basis. The expenses borne by the Advisor are subject to reimbursement by the Funds through the fiscal year end, provided no reimbursement will be made if it would result in the Funds’ exceeding the total operating expense limits. The operating expense limits are attached on Schedule A to this Agreement.
The Agreement embodies the entire agreement of the Parties relating to the subject matter hereof. This Agreement supersedes all prior agreement and understandings, and all rights and obligations thereunder are hereby canceled and terminated. No amendment or modification of this Agreement will be valid or binding unless it is in writing by the Parties
IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed as of the day and year first written above.
PRINCIPAL EXCHANGE-TRADED FUNDS, INC. | PRINCIPAL GLOBAL INVESTORS, LLC | |||
By: | /s/ Xxxxxxx X. Beer | By: | /s/ Xxxxxxx X. Beer | |
Name: | Xxxxxxx X. Beer | Name: | Xxxxxxx X. Beer | |
Title: | President and Chief Executive Officer | Title: | Executive Director - Funds | |
By: | /s/ Xxxx X. Xxxxxx | By: | /s/ Xxxx X. Xxxxxx | |
Name: | Xxxx X. Xxxxxx | Name: | Xxxx X. Xxxxxx | |
Title: | Secretary and Vice President | Title: | Counsel | |
SCHEDULE A
Series | Expiration | |
Principal Price Setters Index ETF | 0.29% | 10/31/2019 |
Principal Shareholder Yield Index ETF | 0.29% | 10/31/2019 |
Principal U.S. Mega-Cap Multi-Factor Index ETF | 0.12% | 10/31/2019 |
