August 1, 2014 Mr. Mark E. Swanson Treasurer Russell Exchange Traded Funds Trust
RET Equity
through 07/31/15
August 1, 2014
Xx. Xxxx X. Xxxxxxx
Treasurer
Xxxxxxx Exchange Traded Funds Trust
0000 0xx Xxx.
Seattle, WA 98101
| RE: | Xxxxxxx Exchange Traded Funds Trust – Xxxxxxx Equity ETF (the “Fund”) |
Dear Xx. Xxxxxxx:
Xxxxxxx Investment Management Company (“RIMCo”), as adviser to Xxxxxxx Exchange Traded Funds Trust, agrees to waive, until July 31, 2015, 0.07% of its 0.35% management fee for the Fund.
This agreement (1) supersedes any prior waiver or reimbursement arrangements, (2) may not be terminated during the relevant period except at the Board’s discretion and (3) may, at RIMCo’s option, continue after July 31, 2015, but may be revised or eliminated at any time thereafter without notice.
If this arrangement is acceptable to you, please sign below to indicate your acceptance and agreement and return a copy of this letter to me.
Sincerely,
| XXXXXXX INVESTMENT MANAGEMENT COMPANY | ||
| By: | /s/ Xxxxxxx X. Xxxxxx | |
| Xxxxxxx X. Xxxxxx | ||
| President and Chief Executive Officer | ||
| Accepted and Agreed: | ||
| XXXXXXX EXCHANGE TRADED FUNDS TRUST | ||
| By: | /s/ Xxxx X. Xxxxxxx | |
| Xxxx X. Xxxxxxx | ||
| Treasurer and Chief Accounting Officer | ||
