SUB-ADVISORY AGREEMENTSub-Advisory Agreement • July 28th, 2017 • Manager Directed Portfolios • New York
Contract Type FiledJuly 28th, 2017 Company JurisdictionAGREEMENT made this 5th day of December, 2016 between Pemberwick Investment Advisors LLC (the “Adviser”) and J.P. Morgan Investment Management Inc. (the “Sub-Adviser”).