SCHEDULE A to the INVESTMENT SUB-ADVISORY AGREEMENT Dated July 26, 2024 by and among FIRST MANHATTAN CO. LLC and VIDENT ADVISORY, LLC DBA VIDENT ASSET MANAGEMENT
SCHEDULE A
to the
INVESTMENT SUB-ADVISORY AGREEMENT
Dated July 26, 2024 by and among FIRST MANHATTAN CO. LLC
and
VIDENT ADVISORY, LLC DBA VIDENT ASSET MANAGEMENT
The Adviser will pay to the Sub-Adviser as compensation for the Sub-Adviser's services rendered, a fee, computed daily at an annual rate based on the greater of (1) the minimum fee or (2) the daily net assets of the respective Fund in accordance with the following fee schedule:
Fund |
Minimum Fee |
Rate |
FM Excelsior Focus Equity ETF |
$25,000 |
0.06% on AUM up to $250,000,000, 0.055% on AUM between $250,000,000 and $500,000,000, and 0.05% on AUM in excess of $500,000,000 |
FM Cash Flow Equity ETF |
$25,000 |
0.06% on AUM up to $250,000,000, 0.055% on AUM between $250,000,000 and $500,000,000, and 0.05% on AUM in excess of$500,000,000 |
FIRST MANHATTAN CO. LLC
By: /s/ Xxx Xxxxxxx
Name: XXX XXXXXXX
Title: MANAGING DIRECTOR
VIDENT ADVISORY, LLC DBA VIDENT
ASSET MANAGEMENT
By: /s/ Xxxxxx Xxxxxxxxxx
Name: XXXXXX XXXXXXXXXX
Title: PRESIDENT