EXPENSE LIMITATION AGREEMENT
COLUMBIA ETF TRUST I
290 Congress Street
Boston, MA 02210
November 6, 2025
Columbia Management Investment Advisers, LLC
290 Congress Street
Boston, MA 02210
Dear Ladies and Gentlemen:
All the funds listed in Schedule A (the “Funds”) are each a series of Columbia ETF Trust I, a Massachusetts business trust (“Trust”).
You hereby agree, as of the effective date set forth on Schedule A (the “Effective Date”) and until the end of the limitation period noted on Schedule A (“Limitation Period”), to forgo current payment of fees and/or reimburse annual operating expenses of the Funds (with the exceptions noted on Schedule A), so that the Operating Expenses of each Fund are limited to the rate per annum, as noted on Schedule A, of that Fund’s average daily net assets (“Expense Limitation”). You hereby agree, upon the Effective Date, that any reimbursements necessary to maintain an Expense Limitation shall be made, in immediately payable funds, to the relevant Fund within 10 days after the end of each month.
You understand that you shall look only to the assets attributable to the respective Fund for performance of this Agreement and for payment of any claim you may have hereunder, and neither any other series of the Trust, nor any of the Trust’s trustees, officers, employees, agents, or shareholders, whether past, present or future, shall be personally liable therefor.
This Agreement is made and to be performed principally in the State of Massachusetts, and except insofar as the Investment Company Act of 1940, as amended, or other federal laws and regulations may be controlling, this Agreement shall be governed by, and construed and enforced in accordance with, the internal laws of the Commonwealth of Massachusetts. Any amendment to this Agreement shall be in writing signed by the parties hereto.
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If you are in agreement with the foregoing, please sign the form of acceptance on the enclosed counterpart hereof and return the same to us.
| Very truly yours, | ||
| COLUMBIA ETF TRUST I | ||
| on behalf of the Funds listed in Schedule A | ||
| By: |
/s/ Michael G. Clarke | |
| Name: |
Michael G. Clarke | |
| Title: |
President | |
The foregoing Agreement is hereby accepted as of November 18, 2025
COLUMBIA MANAGEMENT INVESTMENT ADVISERS, LLC
| By: | /s/ Marc Zeitoun | |
| Name: | Marc Zeitoun | |
| Title: | Vice President and Head of North America Product |
SCHEDULE A
| Fund |
Effective Date |
Limitation Period |
Expense Limitation |
|||||||||
| Columbia International Equity Income ETF |
2/28/2025 | 2/28/2026 | 0.45 | %(a) | ||||||||
| Columbia Select Technology ETF |
2/28/2025 | 2/28/2026 | 0.75 | %(b) | ||||||||
| Columbia Short Duration Bond ETF |
2/28/2025 | 2/28/2026 | 0.25 | %(b) | ||||||||
| Columbia Core Plus Bond ETF |
12/3/2025 | 7/31/2027 | 0.38 | %(c) | ||||||||
| Columbia Corporate Bond ETF |
12/3/2025 | 7/31/2027 | 0.35 | %(c) | ||||||||
| (a) | The following fees and expenses are excluded from the Fund’s operating expenses when calculating the waiver/reimbursement commitment, and therefore will be paid by the Fund, if applicable: expenses associated with investment in affiliated and non-affiliated pooled investment vehicles (including mutual funds and ETFs), interest (but not Fund overdraft charges), taxes, brokerage commissions, infrequent and/or unusual expenses and any other expenses the exclusion of which is specifically approved by the Fund’s Board. |
| (b) | The following fees and expenses are excluded from the Fund’s operating expenses when calculating the waiver/reimbursement commitment, and therefore will be paid by the Fund, if applicable: interest, taxes, brokerage commissions, infrequent and/or unusual expenses and any other expenses the exclusion of which is specifically approved by the Fund’s Board. |
| (c) | The following fees and expenses are excluded from the Fund’s operating expenses when calculating the waiver/reimbursement commitment, and therefore will be paid by the Fund, if applicable: taxes (including foreign transaction taxes), expenses associated with investment in affiliated and non-affiliated pooled investment vehicles (including mutual funds and exchange-traded funds), transaction costs and brokerage commissions, costs related to any securities lending program, dividend expenses associated with securities sold short, inverse floater program fees and expenses, transaction charges and interest on borrowed money, interest, costs associated with shareholder meetings, infrequent and/or unusual expenses and any other expenses the exclusion of which is specifically approved by the Fund’s Board. |