MANAGEMENT FEE WAIVER AGREEMENT NEUBERGER BERMAN ETF TRUST Neuberger Berman Disrupters ETF Neuberger Berman Next Generation Connected Consumer ETF
Exhibit (h)(2)(i)
MANAGEMENT FEE WAIVER AGREEMENT
XXXXXXXXX XXXXXX ETF TRUST
Xxxxxxxxx Xxxxxx Disrupters ETF
Xxxxxxxxx Xxxxxx Next Generation Connected Consumer ETF
0000 Xxxxxx xx xxx Xxxxxxxx
New York, New York 10104
December 13, 2024
Xxxxxxxxx Xxxxxx Investment Advisers LLC
0000 Xxxxxx xx xxx Xxxxxxxx
New York, New York 10104
Dear Ladies and Gentlemen:
Xxxxxxxxx Xxxxxx Disrupters ETF and Xxxxxxxxx Xxxxxx Next Generation Connected Consumer ETF (each, a “Fund”) are series of Xxxxxxxxx Xxxxxx ETF Trust, a Delaware statutory trust (“Trust”).
Xxxxxxxxx Xxxxxx Investment Advisers LLC (the “Manager”) xxxxxx agrees, that from December 18, 2024 until April 8, 2026 (“Limitation Period”), to reduce its Management Fee for each Fund to 0.55% (55 basis points) per annum, of the average daily net assets (“Fee Waiver”). For the avoidance of doubt, the Fee Waiver results in each Fund paying the Manager 0.55% per annum, of the average daily net assets during the Limitation Period.
You understand that you shall look only to the assets attributable to the respective Fund for performance of this Agreement and for payment of any claim you may have hereunder, and neither any other series of the Trust, nor any of the Trust’s trustees, officers, employees, agents, or shareholders, whether past, present or future, shall be personally liable therefor.
This Agreement is made and to be performed principally in the State of New York, and except insofar as the Investment Company Act of 1940, as amended, or other federal laws and regulations may be controlling, this Agreement shall be governed by, and construed and enforced in accordance with, the internal laws of the State of New York. Any amendment to this Agreement shall be in writing signed by the parties hereto, and requires the approval of the Board of Trustees of the Trust, including a majority of the Trustees who are not “interested persons” of the Trust as that term is defined in the Investment Company Act of 1940. This Agreement supersedes any prior agreement with respect to the subject matter hereof as of December 18, 2024.
If you are in agreement with the foregoing, please sign the form of acceptance on the enclosed counterpart hereof and return the same to us.
Very truly yours, | ||
XXXXXXXXX XXXXXX ETF TRUST, | ||
on behalf of | ||
Xxxxxxxxx Xxxxxx Disrupters ETF | ||
Xxxxxxxxx Xxxxxx Next Generation CONNECTED Consumer ETF | ||
By: | /s/ Xxxxxx X. Xxxxx | |
Name: | Xxxxxx X. Xxxxx | |
Title: | President and Chief Executive Officer |
The foregoing Agreement is hereby accepted as of December 13, 2024.
XXXXXXXXX XXXXXX INVESTMENT ADVISERS LLC | ||
By: | /s/ Xxxxxx X. Xxxxx | |
Name: | Xxxxxx X. Xxxxx | |
Title: | President and Chief Investment Officer – Equities |