AMENDMENT TO ADVISORSHARES ADVISORY AGREEMENT
Exhibit (d)(2)
AMENDMENT TO
ADVISORSHARES ADVISORY AGREEMENT
This amendment (the “Amendment”) to the AdvisorShares Advisory Agreement dated June 2, 2009, by and between AdvisorShares Investments, LLC and AdvisorShares Trust (the “Trust”) (the “Agreement”) is effective as of October 21, 2013 (the “Effective Date”).
WHEREAS, the Trust is adding certain new funds to the Trust and desires to update Schedule A of the Agreement; and
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
(i) Schedule A to the Agreement is hereby amended and restated as provided on Schedule A attached hereto; and
(ii) All other terms and conditions of the Agreement remain in effect and are hereby incorporated herein by reference.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed in their names on their behalf by and through their duly authorized officers, as of the date set forth above.
on behalf of each series of the Trust set forth in Schedule A
| /s/ Xxx Xxxxxx | |
| Name: Xxx Xxxxxx | |
| Title: Secretary & Treasurer |
ADVISORSHARES INVESTMENTS, LLC
| /s/ Xxx Xxxxxx | |
| Name: Xxx Xxxxxx | |
| Title: Executive Vice President |
SCHEDULE A
to the
ADVISORY AGREEMENT
dated June 2, 2009, amended as of October 21, 2013
between
and
ADVISORSHARES INVESTMENTS, LLC
The Trust will pay to the Adviser as compensation for the Adviser’s services rendered, a fee, computed daily at an annual rate based on the average daily net assets of the respective Fund in accordance the following fee schedule:
| Fund | Rate | |
| WCM/BNY Mellon Focused Growth ADR ETF | 0.75% | |
| Accuvest Global Long Short ETF | 1.35% | |
| Peritus High Yield ETF | 1.10% | |
| Ranger Equity Bear ETF | 1.50% | |
| Cambria Global Tactical ETF | 0.90% on the first $250,000,000 of average daily net assets of the Fund; 0.80% on the next $750,000,000 of average daily net assets of the Fund; 0.70% on the next $4,000,000,000 of average daily net assets of the Fund; and 0.60% on average daily net assets of the Fund in excess of $5,000,000,000 | |
| Madrona Domestic ETF | 0.80% | |
| Madrona International ETF | 0.80% | |
| Madrona Global Bond ETF | 0.50% | |
| Xxxxxxx Tactical Advantage ETF | 1.20% | |
| TrimTabs Float Shrink ETF | 0.99% | |
| Accuvest Global Opportunities ETF | 0.95% | |
| Global Echo ETF | 1.10% | |
| STAR Global Buy-Write ETF | 1.35% | |
| QAM Equity Hedge ETF | 1.00% | |
| Global Alpha & Beta ETF | 1.00% on the first $100,000,000 of average daily net assets of the Fund; 0.90% on the next $150,000,000 of average daily net assets of the Fund; 0.80% on the next $750,000,000 of average daily net assets of the Fund; and 0.70% on average daily net assets of the Fund in excess of $1,000,000,000 | |
| Pring Xxxxxx Business Cycle ETF | 1.00% | |
| Newfleet Multi-Sector Income ETF | 0.65% |
| International Gold ETF | 0.80% | |
| Xxxxxxx Gold/Euro ETF | 0.55% | |
| Xxxxxxx Gold/Yen ETF | 0.55% | |
| Xxxxxxx Gold/British Pound ETF | 0.55% | |
| Athena International Bear ETF | 1.35% | |
| Sage Core Reserves ETF | 0.30% | |
| Treesdale Rising Rates ETF | 1.15% on the first $250,000,000 of average daily net assets of the Fund; 1.05% on the next $750,000,000 of average daily net assets of the Fund; and 0.95% on average daily net assets of the Fund in excess of $1,000,000,000 |
| YieldPro ETF | 0.80% |
New funds and/or revised advisory fees appear in bold.
