AMENDMENT NO. 22 DATED SEPTEMBER 8, 2014 TO THE PROSHARES TRUST INVESTMENT ADVISORY AGREEMENT DATED DECEMBER 15, 2005, BETWEEN PROSHARES TRUST AND PROSHARE ADVISORS LLC SCHEDULE A TO THE INVESTMENT ADVISORY AGREEMENT BETWEEN PROSHARES TRUST AND...
Exhibit (d)(1)
Page | 1
AMENDMENT NO. 22 DATED SEPTEMBER 8, 2014 TO THE PROSHARES TRUST
INVESTMENT ADVISORY AGREEMENT DATED DECEMBER 15, 2005, BETWEEN
PROSHARES TRUST AND PROSHARE ADVISORS LLC
SCHEDULE A
TO THE INVESTMENT ADVISORY AGREEMENT
BETWEEN PROSHARES TRUST AND PROSHARE ADVISORS LLC
As of September 8, 2014
Each Portfolio listed below shall pay the Advisor a fee pursuant to the Investment Advisory Agreement at an annualized rate based on its average daily net assets, as follows:1
Fee |
Portfolio’s Average Daily Net Asset Level | |
75 basis points | First $6.0 billion | |
70 basis points | Next $4.0 billion | |
65 basis points | Thereafter |
NAME OF PORTFOLIO
ProShares Ultra S&P500 |
ProShares Ultra MidCap400 |
ProShares Ultra Dow30 |
ProShares Ultra QQQ |
ProShares Ultra Russell1000 Value |
ProShares Ultra Russell1000 Growth |
ProShares Ultra Xxxxxxx XxxXxx Value |
ProShares Ultra Xxxxxxx MidCap Growth |
ProShares Ultra Russell2000 Value |
ProShares Ultra Russell2000 Growth |
ProShares Ultra Basic Materials |
ProShares Ultra Consumer Goods |
ProShares Ultra Consumer Services |
ProShares Ultra Financials |
ProShares Ultra Health Care |
ProShares Ultra Industrials |
ProShares Ultra Oil & Gas |
ProShares Ultra Real Estate |
ProShares Ultra Semiconductors |
ProShares Ultra Technology |
ProShares Ultra Telecommunications |
ProShares Ultra Utilities |
ProShares Ultra Russell2000 |
ProShares Ultra SmallCap600 |
ProShares Ultra MSCI Japan |
ProShares Ultra MSCI Emerging Markets |
ProShares Ultra MSCI EAFE |
ProShares Ultra NASDAQ Biotechnology |
1 | All fees are computed daily and paid monthly |
Exhibit (d)(1)
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NAME OF PORTFOLIO
ProShares Ultra FTSE China 252 |
ProShares Ultra 7-10 Year Treasury |
ProShares Ultra 20+ Year Treasury |
ProShares Ultra High Yield |
ProShares Ultra Investment Grade Corporate |
ProShares Ultra Russell3000 |
ProShares Ultra MSCI Pacific ex-Japan |
ProShares Ultra FTSE Europe |
ProShares Ultra MSCI Brazil Capped |
ProShares Ultra MSCI Mexico Capped IMI |
ProShares Ultra KBW Regional Banking |
ProShares Short S&P500 |
ProShares Short MidCap400 |
ProShares Short Dow30 |
ProShares Short QQQ |
ProShares Short Russell2000 |
ProShares Short SmallCap600 |
ProShares Short Basic Materials |
ProShares Short Financials |
ProShares Short Oil & Gas |
ProShares Short Real Estate |
ProShares Short MSCI Emerging Markets |
ProShares Short MSCI EAFE |
ProShares Short 7-10 Year Treasury |
ProShares Short 20+ Year Treasury |
ProShares Short High Yield |
ProShares Short Investment Grade Corporate |
ProShares Short KBW Regional Banking |
ProShares Short FTSE China 253 |
ProShares UltraShort S&P500 |
ProShares UltraShort MidCap400 |
ProShares UltraShort Dow30 |
ProShares UltraShort QQQ |
ProShares UltraShort Russell2000 |
ProShares UltraShort SmallCap600 |
ProShares UltraShort Russell1000 Value |
ProShares UltraShort Russell1000 Growth |
ProShares UltraShort Xxxxxxx XxxXxx Value |
ProShares UltraShort Xxxxxxx MidCap Growth |
ProShares UltraShort Russell2000 Value |
ProShares UltraShort Russell2000 Growth |
ProShares UltraShort Basic Materials |
ProShares UltraShort Consumer Goods |
ProShares UltraShort Consumer Services |
ProShares UltraShort Financials |
ProShares UltraShort Health Care |
ProShares UltraShort Industrials |
ProShares UltraShort Oil & Gas |
ProShares UltraShort Real Estate |
2 | On September 22, 2014, the Fund will be renamed “ProShares Ultra FTSE China 50”. |
3 | On September 22, 2014, the Fund will be renamed “ProShares Short FTSE China 50”. |
Exhibit (d)(1)
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NAME OF PORTFOLIO
ProShares UltraShort Semiconductors |
ProShares UltraShort Technology |
ProShares UltraShort Telecommunications |
ProShares UltraShort Utilities |
ProShares UltraShort MSCI Japan |
ProShares UltraShort MSCI Emerging Markets |
ProShares UltraShort MSCI EAFE |
ProShares UltraShort NASDAQ Biotechnology |
ProShares UltraShort FTSE China 254 |
ProShares UltraShort 3-7 Year Treasury |
ProShares UltraShort 7-10 Year Treasury |
ProShares UltraShort 20+ Year Treasury |
ProShares UltraShort TIPS |
ProShares UltraShort Russell3000 |
ProShares UltraShort MSCI Pacific ex-Japan |
ProShares UltraShort FTSE Europe |
ProShares UltraShort MSCI Brazil Capped |
ProShares UltraShort MSCI Mexico Capped IMI |
ProShares UltraPro S&P500 |
ProShares UltraPro QQQ |
ProShares UltraPro Dow30 |
ProShares UltraPro Russell2000 |
ProShares UltraPro MidCap 400 |
ProShares UltraPro Financials |
ProShares UltraPro Short S&P500 |
ProShares UltraPro Short QQQ |
ProShares UltraPro Short Dow30 |
ProShares UltraPro Short Russell2000 |
ProShares UltraPro Short MidCap400 |
ProShares UltraPro Short 20+ Year Treasury |
ProShares UltraPro Short Financials |
Each Portfolio listed below shall pay the Advisor a fee pursuant to the Investment Advisory Agreement at an annualized rate based on its average daily net assets, as follows:5
NAME OF PORTFOLIO |
COMPENSATION (at annual rate expressed as a |
|||
ProShares UltraPro 10 Year TIPS/TSY Spread |
0.55 | % | ||
ProShares UltraPro Short 10 Year TIPS/TSY Spread |
0.55 | % | ||
ProShares 30 Year TIPS/TSY Spread |
0.55 | % | ||
ProShares Short 30 Year TIPS/TSY Spread |
0.55 | % | ||
ProShares German Sovereign/Sub-Sovereign ETF |
0.35 | % |
4 | On September 22, 2014, the Fund will be renamed “ProShares UltraShort FTSE China 50”. |
5 | All fees are computed daily and paid monthly |
Exhibit (d)(1)
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NAME OF PORTFOLIO |
COMPENSATION (at annual rate expressed as a |
|||
ProShares USD Covered Bond |
0.35 | % | ||
ProShares Global Listed Private Equity ETF |
0.50 | % | ||
ProShares High Yield–Interest Rate Hedged |
0.50 | % | ||
ProShares DJ Brookfield Global Infrastructure ETF |
0.45 | % | ||
ProShares S&P 500 Dividend Aristocrats ETF |
0.35 | % | ||
ProShares Large Cap Core Plus |
0.75 | % | ||
ProShares RAFI Long/Short |
0.75 | % | ||
ProShares Hedge Replication ETF |
0.75 | % | ||
ProShares Merger ETF |
0.75 | % | ||
ProShares Investment Grade–Interest Rate Hedged |
0.30 | % | ||
ProShares Short Term USD Emerging Markets Bond ETF |
0.50 | % | ||
ProShares USD Emerging Markets Bond–Interest Rate Hedged |
0.55 | % | ||
ProShares MSCI Emerging Markets Dividend Growers ETF |
0.60 | % | ||
ProShares MSCI EAFE Dividend Growers ETF |
0.50 | % | ||
ProShares MSCI Europe Dividend Growers ETF |
0.55 | % | ||
ProShares CDS North American HY Credit ETF |
0.65 | % | ||
ProShares CDS Short North American HY Credit ETF |
0.65 | % | ||
ProShares CDS North American IG Credit ETF |
0.65 | % | ||
ProShares CDS Short North American IG Credit ETF |
0.65 | % | ||
ProShares CDS European HY Credit ETF |
0.65 | % | ||
ProShares CDS Short European HY Credit ETF |
0.65 | % | ||
ProShares CDS European IG Credit ETF |
0.65 | % | ||
ProShares CDS Short European IG Credit ETF |
0.65 | % | ||
[REDACTED] |
[REDACTED | ]% |
PROSHARE ADVISORS LLC, a Maryland limited liability company |
a Delaware statutory trust | |||||||
By: | /s/ Xxxxxxx X. Xxxxx |
By: | /s/ Xxxx X. Xxxxxxx | |||||
Xxxxxxx X. Xxxxx | Xxxx X. Xxxxxxx | |||||||
Chief Executive Officer | President |