0000071701-18-000013 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • February 27th, 2018 • Davis Fundamental ETF Trust • Delaware

This INVESTMENT ADVISORY AGREEMENT (this "Agreement") is made as of the 4th day of October, 2016, by and between Davis Fundamental ETF Trust, an open-end management investment company organized as a statutory trust under the laws of the State of Delaware (the "Trust"), and Davis Selected Advisers, L.P. ("DSA", serving as adviser), a Colorado limited partnership, and Davis Selected Advisers-NY, Inc. ("DSA-NY", serving as sub-adviser), a Delaware corporation.

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