AMENDMENT TO
AMENDMENT TO
This Amendment to the Investment Advisory Agreement (“Amendment”) is entered into effective as of January 31, 2019, by and between Alpha
Architect ETF Trust (the “Trust”), a Delaware statutory trust, and Empowered Funds, LLC, a Pennsylvania limited liability company (the “Adviser”).
WHEREAS, the Trust and the Adviser are parties to an Investment Advisory Agreement dated as of October 17, 2014 (the “Agreement”) pursuant to
which the Adviser is engaged by the Trust to serve as the investment adviser to each of Alpha Architect U.S. Quantitative Value ETF, Alpha Architect International Quantitative Value ETF, Alpha Architect U.S. Quantitative Momentum ETF, and Alpha
Architect International Quantitative Momentum ETF (each a “Fund”, and together the “Funds”);
WHEREAS, the Adviser has proposed, pursuant to this Amendment, to reduce its advisory fee payable under the Agreement effective as of January
31, 2019, with respect to each of Alpha Architect U.S. Quantitative Value ETF and Alpha Architect U.S. Quantitative Momentum ETF while continuing to provide the same level of investment advisory services to each of the Funds;
and
WHEREAS, the Board of Trustees (the “Board”) of the Trust has determined that the Adviser’s proposal to reduce is advisory fees for such
Funds is fair and reasonable and in the best interest of each such Fund and their respective shareholders;
NOW THEREFORE, intending to be legally bound, the parties to the Agreement hereby agree as follows:
1.
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Amendment. Effective as of January 31,
2019, Schedule A of the Agreement is deleted and replaced in its entirety with the Schedule A attached hereto as Attachment A.
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2.
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Ratification and Confirmation of Agreement.
Except as specifically set forth herein, all of other terms of the Agreement shall remain in full force and effect.
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3.
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Counterparts. This Amendment may be
executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
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[Signature Page Follows]
IN WITNESS WHEREOF, the parties have executed this Amendment to the Agreement effective as of the date first above written.
On behalf of each of the series listed above
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By: /s/ Xxxxxxx Xxxxxx
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Name: Xxxxxxx Xxxxxx
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Title: Trustee
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EMPOWERED FUNDS, LLC
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By: /s/ Xxxxxx X. Xxxx
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Name: Xxxxxx X. Xxxx
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Title: Manager
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Attachment A
(to the Amendment)
Amended and Restated
Schedule A
to the
by and between
Empowered Funds, LLC
Funds
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Fee
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Effective Date
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Alpha Architect U.S. Quantitative Value ETF
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0.59%
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January 31, 2019
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Alpha Architect International Quantitative Value ETF
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0.79%
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October 17, 2014
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Alpha Architect U.S. Quantitative Momentum ETF
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0.59%
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January 31, 2019
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Alpha Architect International Quantitative Momentum ETF
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0.79%
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October 17, 2014
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