0000932471-12-004899 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • August 2nd, 2012 • Vanguard Trustees' Equity Fund • Delaware

THIS AGREEMENT is made as of this 2nd day of August, 2012, between Vanguard Trustees’ Equity Fund, a Delaware statutory trust (the “Trust”), and ARGA Investment Management, LP (the “Advisor”), a Delaware limited partnership.

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