AMENDED SCHEDULE A to the INVESTMENT SUB-ADVISORY AGREEMENT Dated December 3, 2020, between NEW AGE ALPHA ADVISORS, LLC and Vident investment advisory, llc and New Age ALpha Trust
AMENDED SCHEDULE A
to the
INVESTMENT SUB-ADVISORY AGREEMENT
Dated December 3, 2020, between
NEW AGE ALPHA ADVISORS, LLC
and
Vident investment advisory, llc
and
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 |
| AVDR US LargeCap Leading ETF | $20,000 per annum | 0.04% on first $250,000,000 in net assets, 0.03% on next $250,000,000, 0.02% on assets in excess of $500,000,000 |
| AVDR US LargeCap ESG ETF | $20,000 per annum | .04% on first $250,000,000 in net assets, 0.03% on next $250,000,000, 0.02% on assets in excess of $500,000,000 |
| AVDR International Leading ETF | $45,000 per annum | 07% on first $250,000,000 in net assets, 0.065% on next $250,000,000, 0.06% on assets thereafter |
Signature page follows
The parties hereto agree to the terms of this Amended Schedule A effective as of the 19th day of January, 2022.
|
Vident investment advisory, llc
By: /s/ Xxxxxx Xxxxxxxxxx Name: Xxxxxx Xxxxxxxxxx Title: President |
|
NEW AGE ALPHA ADVISORS, LLC
By: /s/ Xxxxx Xxxx Name: Xxxxx Xxxx Title: Managing Director |
|
New Age Alpha Trust, on behalf of each Fund listed on Schedule A By: /s/ Xxxxx X. Xxxx Name: Xxxxx X. Xxxx Title: President |
