AMENDMENT NO. 19 DATED SEPTEMBER 9, 2013 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)
AMENDMENT NO. 19 DATED SEPTEMBER 9, 2013 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 9, 2013
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
ProShares Ultra Precious Metals
ProShares Ultra Real Estate
ProShares Ultra Semiconductors
ProShares Ultra Technology
ProShares Ultra Telecommunications2
ProShares Ultra Utilities
ProShares Ultra Russell1000
ProShares Ultra Xxxxxxx XxxXxx
ProShares Ultra Russell2000
| 1 | All fees are computed daily and paid monthly |
| 2 | Index: Dow Xxxxx U.S. Telecommunications Index |
Page | 1
NAME OF PORTFOLIO
ProShares Ultra SmallCap600
ProShares Ultra S&P Retail
ProShares Ultra MSCI Japan
ProShares Ultra MSCI Emerging Markets
ProShares Ultra MSCI EAFE
ProShares Ultra NASDAQ Biotechnology
ProShares Ultra Telecommunications3
ProShares Ultra FTSE China 25
ProShares Ultra 3-7 Year Treasury
ProShares Ultra 7-10 Year Treasury
ProShares Ultra 20+ Year Treasury
ProShares Ultra High Yield
ProShares Ultra Investment Grade Corporate
ProShares Ultra TIPS
ProShares Ultra NASDAQ Composite
ProShares Ultra Aggregate Bond
ProShares Ultra DJ Wilshire Total Market
ProShares Ultra Russell3000
ProShares Ultra MSCI Pacific ex-Japan
ProShares Ultra MSCI Latin America
ProShares Ultra Europe24
ProShares Ultra MSCI BRIC
ProShares Ultra S&P Europe 350
ProShares Ultra MSCI Brazil Capped
ProShares Ultra MSCI Canada
ProShares Ultra MSCI South Korea
ProShares Ultra MSCI Taiwan
ProShares Ultra MSCI Australia
ProShares Ultra MSCI Hong Kong
ProShares Ultra MSCI Mexico Capped IMI
ProShares Ultra KBW Regional Banking
ProShares Ultra Gold Miners
ProShares Short S&P500
ProShares Short MidCap400
ProShares Short Dow30
ProShares Short QQQ
ProShares Short Russell2000
ProShares Short SmallCap600
ProShares Short Russell1000
ProShares Short Russell1000 Value
ProShares Short Russell1000 Growth
ProShares Xxxxx Xxxxxxx XxxXxx Value
ProShares Xxxxx Xxxxxxx MidCap Growth
ProShares Short Russell2000 Value
ProShares Short Russell2000 Growth
ProShares Short Basic Materials
ProShares Short Biotechnology
ProShares Short Consumer Goods
| 3 | Benchmark Index: Dow Xxxxx U.S. Select Telecommunications Index |
| 4 | Effective on October 1, 2013, the Fund’s name will change to “ProShares Ultra FTSE Europe” |
Page | 2
NAME OF PORTFOLIO
ProShares Short Consumer Services
ProShares Short Financials
ProShares Short Health Care
ProShares Short Industrials
ProShares Short Oil & Gas
ProShares Short Precious Metals
ProShares Short Real Estate
ProShares Short Semiconductors
ProShares Short Technology
ProShares Short Telecommunications5
ProShares Short Telecommunications6
ProShares Short Utilities
ProShares Short NASDAQ Biotechnology
ProShares Xxxxx Xxxxxxx MidCap
ProShares Short S&P Retail
ProShares Short MSCI Japan
ProShares Short MSCI Emerging Markets
ProShares Short MSCI EAFE
ProShares Short 3-7 Year Treasury
ProShares Short 7-10 Year Treasury
ProShares Short 20+ Year Treasury
ProShares Short High Yield
ProShares Short Investment Grade Corporate
ProShares Short TIPS
ProShares Short NASDAQ Composite
ProShares Short Aggregate Bond
ProShares Short DJ Wilshire Total Market
ProShares Short Russell3000
ProShares Short MSCI Pacific ex-Japan
ProShares Short MSCI Latin America
ProShares Short MSCI Europe
ProShares Short MSCI BRIC
ProShares Short S&P Europe 350
ProShares Short MSCI Brazil
ProShares Short MSCI Canada
ProShares Short MSCI South Korea
ProShares Short MSCI Taiwan
ProShares Short MSCI Australia
ProShares Short MSCI Hong Kong
ProShares Short MSCI Mexico Investable Market
ProShares Short KBW Regional Banking
ProShares Short FTSE China 25
ProShares Short Gold Miners
ProShares UltraShort S&P500
ProShares UltraShort MidCap400
ProShares UltraShort Dow30
ProShares UltraShort QQQ
| 5 | Benchmark Index: Dow Xxxxx U.S. Telecommunications Index |
| 6 | Benchmark Index: Dow Xxxxx U.S. Select Telecommunications Index |
Page | 3
NAME OF PORTFOLIO
ProShares UltraShort Russell1000
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 Biotechnology
ProShares UltraShort Consumer Goods
ProShares UltraShort Consumer Services
ProShares UltraShort Financials
ProShares UltraShort Health Care
ProShares UltraShort Industrials
ProShares UltraShort Oil & Gas
ProShares UltraShort Precious Metals
ProShares UltraShort Real Estate
ProShares UltraShort Semiconductors
ProShares UltraShort Technology
ProShares UltraShort Telecommunications7
ProShares UltraShort Utilities
ProShares UltraShort Xxxxxxx XxxXxx
ProShares UltraShort S&P Retail
ProShares UltraShort MSCI Japan
ProShares UltraShort MSCI Emerging Markets
ProShares UltraShort MSCI EAFE
ProShares UltraShort NASDAQ Biotechnology
ProShares UltraShort Telecommunications8
ProShares UltraShort FTSE China 25
ProShares UltraShort 3-7 Year Treasury
ProShares UltraShort 7-10 Year Treasury
ProShares UltraShort 20+ Year Treasury
ProShares UltraShort High Yield
ProShares UltraShort Investment Grade Corporate
ProShares UltraShort TIPS
ProShares UltraShort NASDAQ Composite
ProShares UltraShort Aggregate Bond
ProShares UltraShort DJ Wilshire Total Market
ProShares UltraShort Russell3000
ProShares UltraShort MSCI Pacific ex-Japan
ProShares UltraShort MSCI Latin America
ProShares UltraShort Europe9
ProShares UltraShort MSCI BRIC
ProShares UltraShort S&P Europe 350
ProShares UltraShort MSCI Brazil Capped
ProShares UltraShort MSCI Canada
ProShares UltraShort MSCI South Korea
| 7 | Benchmark Index: Dow Xxxxx U.S. Telecommunications Index |
| 8 | Benchmark Index: Dow Xxxxx U.S. Select Telecommunications Index |
| 9 | Effective on October 1, 2013, the Fund’s name will change to “ProShares UltraShort FTSE Europe” |
Page | 4
NAME OF PORTFOLIO
ProShares UltraShort MSCI Taiwan
ProShares UltraShort MSCI Australia
ProShares UltraShort MSCI Hong Kong
ProShares UltraShort MSCI Mexico Capped IMI
ProShares UltraShort KBW Regional Banking
ProShares UltraShort Gold Miners
ProShares UltraPro S&P500
ProShares UltraPro QQQ
ProShares UltraPro Dow30
ProShares UltraPro Russell2000
ProShares UltraPro MidCap 400
ProShares UltraPro MSCI EAFE
ProShares UltraPro 3-7 Year Treasury
ProShares UltraPro 7-10 Year Treasury
ProShares UltraPro 20+ Year Treasury
ProShares UltraPro MSCI Emerging Markets
ProShares UltraPro Financials
ProShares UltraPro 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
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
Page | 5
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:10
| 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 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 | % | ||
| PROSHARE ADVISORS LLC, a Maryland limited liability company |
a Delaware statutory trust | |||||||
| By: | /s/ Xxxxxxx X. Xxxxx |
By: | /s/ Xxxxx X. Xxxxxxx | |||||
| Xxxxxxx X. Xxxxx Chief Executive Officer |
Xxxxx X. Xxxxxxx President | |||||||
| 10 | All fees are computed daily and paid monthly |
Page | 6
