MANAGEMENT FEE WAIVER AGREEMENT NEUBERGER BERMAN ETF TRUST
XXXXXXXXX XXXXXX ETF TRUST
Xxxxxxxxx Xxxxxx Investment Advisers LLC
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Dear Ladies and Gentlemen:
Xxxxxxxxx Xxxxxx Carbon Transition & Infrastructure ETF, 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”) hereby agrees, that from each Fund’s inception until April 8, 2023 (“Limitation Period”), to reduce its Management Fee to 0.55% (55 basis points) per annum, of the average daily net assets (“Initial Fee Waiver”). For the avoidance of doubt, the Initial 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 applicable 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.
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.
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Very truly yours, | ||
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XXXXXXXXX XXXXXX ETF TRUST,
on behalf of
XXXXXXXXX XXXXXX CARBON TRANSITION & INFRASTRUCTURE ETF
XXXXXXXXX XXXXXX DISRUPTERS ETF
XXXXXXXXX XXXXXX NEXT GENERATION CONNECTED CONSUMER ETF
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By: |
/s/ Xxxxxx X. Xxxxx |
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Title: |
President and Chief Executive Officer |
The foregoing Agreement is hereby accepted as of March 30, 2022.
XXXXXXXXX XXXXXX INVESTMENT ADVISERS LLC
By: |
/s/ Xxxxxx X. Xxxxx |
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Title: |
President and Chief Investment Officer -- Equities |