Exhibit (d)(3)

MAN ETF SERIES TRUST

SECOND AMENDMENT TO INVESTMENT ADVISORY AGREEMENT

The attached amended and restated Schedule A is hereby incorporated into the Investment Advisory Agreement dated September 8, 2025, as amended (“Agreement”), by and between Man ETF Series Trust, a Delaware statutory trust, and Man Solutions LLC, a Delaware limited liability company, and supersedes any prior Schedule A to the Agreement.

Dated: September 10, 2026

 

Man ETF Series Trust

By: /s/ Michael Barrer

Name: Michael Barrer

Title: President and Chief Executive Officer

Man Solutions LLC

By: /s/ Lisa Muñoz

Name: Lisa Muñoz

Title: Secretary

Schedule A

to the

Investment Advisory Agreement dated September 8, 2025

by and between Man ETF Series Trust and Man Solutions LLC

 

Fund Name		Effective Date		Advisory Fee
Man Active High Yield ETF		September 8, 2025		0.69%
Man Active Income ETF		September 8, 2025		0.85%
Man Active Emerging Markets Alternative ETF		December 5, 2025		0.85%
Man Active Trend Enhanced ETF		December 5, 2025		0.95%
Man Active Global Infrastructure ETF		September 10, 2026		0.75%