SCHEDULE A to the INVESTMENT SUB-ADVISORY AGREEMENT Dated December 23, 2014 by and among EXCHANGE TRADED CONCEPTS, LLC and VIDENT INVESTMENT ADVISORY, LLC and ETF SERIES SOLUTIONS
SCHEDULE A
to the
INVESTMENT SUB-ADVISORY AGREEMENT
Dated December 23, 2014 by and among
EXCHANGE TRADED CONCEPTS, LLC
and
VIDENT INVESTMENT ADVISORY, LLC
and
The Adviser will pay to the Sub-Adviser as compensation for the Sub-Adviser's services rendered, a fee, computed daily at an annual rate based on the greater of (1) the minimum fee or (2) the daily net assets of the respective Fund in accordance with the following fee schedule:
|
Fund
|
Minimum Fee
|
Rate
|
|
Vident Core U.S. Equity Fund
|
$50,000
|
0.04%
|
|
AlphaClone Alternative Alpha ETF
|
$20,000
|
0.05%
|
|
Vident Core U.S. Bond Strategy ETF
|
$75,000
|
6 bps (0.06%) on first $250 million
5 bps (0.05%) on next $250 million
4 bps (0.04%) on next $500 million
3 bps (0.03%) on balance over $1 billion
|
|
Vident International Equity Fund
|
$75,000*
|
8 bps (0.08%) on first $500 million
7 bps (0.07%) on next $500 million
5 bps (0.05%) on balance over $1 billion
|
|
Xxxxxx Cancer Immunotherapy ETF
|
$15,000
|
0.05%
|
|
PPTY – U.S. Diversified Real Estate ETF
|
$20,000
|
0.05%
|
* once assets in the Vident International Equity Fund exceed $1 billion dollars the Fund will be charged 8 basis points (0.08%) for the first $500 million dollars of assets. Should this threshold be crossed during a billing period then the assets will be charged at the lower rate for the remaining days of the billing period and not applied retrospectively.
IN WITNESS WHEREOF, the parties hereto have caused this Schedule A to be signed on their behalf by their duly authorized officers as of March 9, 2018.
|
EXCHANGE TRADED CONCEPTS, LLC
By: /s/ J. Xxxxxxx Xxxxxxx
Name: J. Xxxxxxx Xxxxxxx
Title: Chief Executive Officer
|
|
VIDENT INVESTMENT ADVISORY, LLC
By: /s/ Xxxxxx Xxxxxx
Name: Xxxxxx Xxxxxx
Title: President
|
|
By: /s/ Xxxxxxx X. Xxxxxxxx
Name: Xxxxxxx X. Xxxxxxxx
Title: Vice President
|
