AMENDMENT NO. 21 DATED JUNE 11, 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...
Exhibit (d)(1)
AMENDMENT NO. 21 DATED JUNE 11, 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 June 11, 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 Biotechnology |
| ProShares Ultra Consumer Goods |
| ProShares Ultra Consumer Services |
| ProShares Ultra Financials |
| ProShares Ultra Health Care |
| ProShares Ultra Industrials |
| ProShares Ultra Oil & Gas |
| [Portions of this schedule have been redacted] |
| ProShares UltraPro Short S&P500 |
| ProShares UltraPro Short QQQ |
| ProShares UltraPro Short Dow30 |
| ProShares UltraPro Short Russell2000 |
| ProShares UltraPro Short MidCap400 |
| ProShares UltraPro Short MSCI EAFE |
| ProShares UltraPro Short 3-7 Year Treasury |
| ProShares UltraPro Short 7-10 Year Treasury |
| ProShares UltraPro Short 20+ Year Treasury |
| ProShares UltraPro Short MSCI Emerging Markets |
| 1 | All fees are computed daily and paid monthly |
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| NAME OF PORTFOLIO |
| ProShares UltraPro Short Financials |
| ProShares UltraPro Short Oil & Gas |
| [Portions of this schedule have been redacted] |
| ProShares Large Cap Core Plus |
| ProShares RAFI Long/Short |
| ProShares Hedge Replication ETF |
| ProShares MSCI Latin America |
| ProShares MSCI EAFE – 15% Volatility |
| ProShares MSCI Emerging Markets – 15% Volatility |
| ProShares Xxxxxxx 2000 – 15% Volatility |
| ProShares S&P Midcap 400 – 15% Volatility |
| ProShares NASDAQ 100 – 15% Volatility |
| ProShares Xxxxxxx 1000 – 15% Volatility |
| ProShares Dow 30 – 15% Volatility |
| ProShares Merger ETF |
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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:8
| NAME OF PORTFOLIO |
COMPENSATION | |||
| (at annual rate expressed as a percentage of average daily net assets of each Fund) |
||||
| [Portions of this schedule have been redacted] |
||||
| ProShares UltraPro 10 Year TIPS/TSY Spread |
0.55 | % | ||
| ProShares UltraPro Short 10 Year TIPS/TSY Spread |
0.55 | % | ||
| [Portions of this schedule have been redacted] |
||||
| 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 | % | ||
| ProShares Sovereign Fiscal Strength ETF |
0.35 | % | ||
| ProShares USD Covered Bond |
0.35 | % | ||
| [Portions of this schedule have been redacted] |
||||
| ProShares Global Listed Private Equity ETF |
0.50 | % | ||
| ProShares High Yield–Interest Rate Hedged |
0.50 | % | ||
| ProShares Global Direct Infrastructure ETF |
0.45 | % | ||
| ProShares S&P 500 Aristocrats ETF |
0.35 | % | ||
| ProShares Investment Grade–Interest Rate Hedged |
0.30 | % | ||
| ProShares Short Term USD Emerging Markets Bond ETF |
0.50 | % | ||
| ProShares MSCI Emerging Markets Dividend Masters ETF |
0.60 | % | ||
| ProShares MSCI EAFE Dividend Masters ETF |
0.50 | % | ||
| [Portions of this schedule have been redacted] |
||||
| 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 | % | ||
| 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 Chief Executive Officer |
Xxxx X. Xxxxxxx President | |||||||
| 8 | All fees are computed daily and paid monthly |
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