SCHEDULE A-1 Investment Advisory Agreement
New Age Alpha Variable Funds Trust N-1A
Exhibit 99.(d)(2)
SCHEDULE A-1
between
New Age Alpha Variable Funds Trust (the “Trust”) and
New Age Alpha Advisors, LLC (the “Adviser”)
The Trust will pay to the Adviser as compensation for the Adviser’s services rendered, a fee, computed daily at an annual rate based on the average daily net assets of the respective Fund in accordance the following fee schedule:
| Fund | Asset Breakpoint | Rate | Effective Date |
| NAA Large Core Series | First $500mi $500m - $1bn $1bn - $1.5bn $1.5bn - $2bn $2bn - $2.5bn $2.5bn - $3bn Over $3bn |
0.75% 0.725% 0.70% 0.65% 0.60% 0.55% 0.50% |
October 25, 2024 |
| NAA All Cap Value Series | None | 0.70% | October 25, 2024 |
| NAA Large Cap Value Series | None | 0.65% | October 25, 2024 |
| NAA Large Growth Series | None | 0.65% | October 25, 2024 |
| NAA Mid Growth Series | None | 0.75% | October 25, 2024 |
| NAA Small Cap Value Series | None | 0.75% | October 25, 2024 |
| NAA Small Growth Series | None | 0.75% | October 25, 2024 |
| NAA XXxx-Cap Value Series | None | 0.75% | October 25, 2024 |
| NAA World Equity Income Series | None | 0.70% | October 25, 2024 |
IN WITNESS WHEREOF, the parties hereto have caused this instrument to be signed on their behalf by their duly authorized officers effective as of the Effective Date noted in the Schedule A-1 above.
| New Age Alpha Variable Funds Trust | New Age Alpha Advisors, LLC (d/b/a New Age Alpha) |
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By: |
/s/ Xxxxx X. Xxxx |
By: |
/s/ Xxxxx Xxxx |
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Name: |
Xxxxx X. Xxxx |
Name: |
Xxxxx Xxxx |
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Title: |
President |
Title: |
Manager |
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