EA Series Trust has taken a significant step by approving a new sub-advisory agreement with Smart Money Group, LLC. This decision ensures the continuity of investment management services for the Yoke Core ETF, following the automatic termination of the previous agreement due to a recent acquisition.
The approval was made by the Board of Trustees of EA Series Trust, reflecting a commitment to maintaining stable management for the fund. The new agreement is expected to provide the same level of service that shareholders have come to expect.
Background
EA Series Trust is an investment company based in Newtown Square, Pennsylvania. The trust is known for its Yoke Core ETF, which is designed to provide investment opportunities in a competitive market. The trust has undergone several name changes in the past, previously known as Alpha Architect ETF Trust and Empowered Funds ETF Trust.
What the Filing Says
The recent filing details that Smart Money Group, LLC has been the sub-adviser to the Yoke Core ETF since the fund's inception. Following an acquisition by T&G Strategic Partners, LLC, the previous investment sub-advisory agreement was automatically terminated. The Board approved a new sub-advisory agreement with Smart Money, which will continue to offer the same services as before.
Impact
This change may affect shareholders of the Yoke Core ETF, as the new agreement ensures that investment management services remain uninterrupted. The continuity of service is crucial in the investment management industry, where stability can influence investor confidence and fund performance.
What's Next
The filing does not say what happens next.