Schedule A to the Sub-Advisory Agreement by and between Exchange Traded Concepts LLC and Vident Investment Advisory, LLC
Schedule A to the
Sub-Advisory Agreement by and between
Exchange Traded Concepts LLC and
Vident Investment Advisory, LLC
Updated to include
XXX Gold Hedged S&P 500 ETF (GHS),
XXX Gold Hedged FTSE Emerging Markets ETF (GHE),
XXX VolMAXX™ Long VIX Weekly Futures Strategy ETF (VMAX) and
XXX VolMAXX™ Inverse VIX Weekly Futures Strategy ETF (VMIN).
This Schedule A supplements, but does not replace, previously executed versions of Schedule A which govern pricing for other
ETFs under the Sub-Advisory Agreement.
Sub-Advisory Fee. Pursuant to Section 4, the Advisor shall pay the Sub-Advisor compensation at an annual rate based on a percentage of the average daily net assets of each Fund as follows:
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Fund
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Rate
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Effective Date
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XXX Gold Hedged S&P 500 ETF (GHS)
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The greater of:
* 5 bps on first $250 million
* 4 bps on next $250 million
* 3 bps on assets greater than $500 million
or
$30,000 annual minimum
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May 3, 2016
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XXX Gold Hedged FTSE Emerging Markets ETF (GHE)
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The greater of:
* 5 bps on first $250 million
* 4 bps on next $250 million
* 3 bps on assets greater than $500 million
or
$30,000 annual minimum
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May 3, 2016
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XXX VolMAXX™ Long VIX Weekly Futures Strategy ETF (VMAX)
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The greater of:
* 5 bps on first $250 million
* 4 bps on next $250 million
* 3 bps on assets greater than $500 million
or
$30,000 annual minimum
|
May 3, 2016
|
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XXX VoIMAXX™ Inverse VIX Weekly Futures Strategy ETF (VMIN)
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The greater of:
*5 bps on first $250 million
*4 bps on next $250 million
*3 bps on assets greater than $500 million
or
$30,000 annual minimum
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May 3, 2016
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*
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Assets under management (AUM) shall be aggregated across the four XXX exchange-traded funds (ETFs) included on this Schedule A.
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AGREED AND ACCEPTED:
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ADVISER
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SUB-ADVISER
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EXCHANGE TRADED CONCEPTS LLC
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VIDENT INVESTMENT ADVISORY, LLC
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By:
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/s/ X. Xxxxxxx Xxxxxxx
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By:
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/s/ Xxxxxxxx X. Xxxxxxxxxxx
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Name:
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X. Xxxxxxx Xxxxxxx
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Name:
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Xxxxxxxx X. Xxxxxxxxxxx
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Title:
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Chief Executive Officer
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Title:
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Chief Executive Officer
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Date:
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May 3, 2016
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Date:
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May 3, 2016
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