Letter Agreement Mundoval FundManagement Agreement • April 27th, 2023 • Mundoval Funds
Contract Type FiledApril 27th, 2023 CompanyAs you are aware, the Trust, on behalf of the Fund, has engaged Mundoval Capital Management, Inc. (the "Adviser"), formerly known as A.Q. Johnson & Co., Inc., to provide certain advisory services to the Fund pursuant to a Management Agreement dated August 17, 2004 (the "Management Agreement"). Under the Management Agreement, the Adviser is entitled to receive from the Fund a management fee at an annual rate equal to 1.50% of the average daily net assets of the Fund.