FIRST AMENDMENT TO THE MANAGER DIRECTED PORTFOLIOS INVESTMENT ADVISORY AGREEMENT with
FIRST AMENDMENT TO THE
with
iM GLOBAL PARTNER US, LLC
THIS FIRST AMENDMENT dated as of August 20, 2019, to the INVESTMENT ADVISORY AGREEMENT, dated as of November 13, 2018 (the “Agreement”), entered into by and between Manager Directed Portfolios (the “Trust”), on behalf of the series of the Trust as indicated on Schedule A to the Agreement, as may be amended from time to time (each, a “Fund,” and collectively, the “Funds”), and iM Global Partner US, LLC (hereinafter called the “Adviser”).
WITNESSETH:
WHEREAS, the parties have entered into the Agreement; and
WHEREAS, the parties desire to amend the Agreement to incorporate a newly created series of the Trust; and
WHEREAS, the Agreement allows for its amendment by a written instrument executed by all of the parties.
NOW, THEREFORE, the parties agree to amend and restate Schedule A as attached hereto to add the iM DBi Hedge Strategy ETF, a new series of the Trust.
Except to the extent amended hereby, the Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this FIRST AMENDMENT to be duly executed by their duly authorized officers, all on the day and year first above written.
on behalf its series listed on Schedule A | iM GLOBAL PARTNER US, LLC |
By: /s/ Xxxxxxx X. Xxxxxxx | By: /s/ Xxxxxxx X. Xxxxxx |
Name: Xxxxxxx X. Xxxxxxx | Name: Xxxxxxx X. Xxxxxx |
Title: President | Title: U.S Chief Operating Officer and Head of Distribution |
AMENDED AND RESTATED
SCHEDULE A
Series or Fund of Manager Directed Portfolios | Annual Fee Rate as a Percentage of Average Daily Net Assets |
iM DBi Managed Futures Strategy ETF | 0.85% |
iM DBi Hedge Strategy ETF | 0.85% |
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