AMENDMENT NO. 24 DATED FEBRUARY 12, 2015 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)
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AMENDMENT NO. 24 DATED FEBRUARY 12, 2015 TO THE PROSHARES TRUST
INVESTMENT ADVISORY AGREEMENT DATED DECEMBER 15, 2005, BETWEEN
PROSHARES TRUST AND PROSHARE ADVISORS LLC
SCHEDULE A
BETWEEN PROSHARES TRUST AND PROSHARE ADVISORS LLC
As of February 12, 2015
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:
Fee Portfolio’s Average Daily Net Asset Level
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75 basis points First $6.0 billion
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70 basis points Next $4.0 billion
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65 basis points Thereafter
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NAME OF PORTFOLIO
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ProShares Ultra S&P500
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ProShares Ultra MidCap400
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ProShares Ultra Dow30
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ProShares Ultra QQQ
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ProShares Ultra Basic Materials
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ProShares Ultra Consumer Goods
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ProShares Ultra Consumer Services
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ProShares Ultra Financials
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ProShares Ultra Health Care
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ProShares Ultra Industrials
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ProShares Ultra Oil & Gas
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ProShares Ultra Real Estate
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ProShares Ultra Semiconductors
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ProShares Ultra Technology
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ProShares Ultra Telecommunications
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ProShares Ultra Utilities
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ProShares Ultra Russell2000
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ProShares Ultra SmallCap600
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ProShares Ultra MSCI Japan
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ProShares Ultra MSCI Emerging Markets
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ProShares Ultra MSCI EAFE
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ProShares Ultra NASDAQ Biotechnology
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ProShares Ultra FTSE China 50
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ProShares Ultra 7-10 Year Treasury
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ProShares Ultra 20+ Year Treasury
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ProShares Ultra High Yield
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ProShares Ultra Investment Grade Corporate
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ProShares Ultra MSCI Pacific ex-Japan
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ProShares Ultra FTSE Europe
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1 All fees are computed daily and paid monthly
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NAME OF PORTFOLIO
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ProShares Ultra MSCI Brazil Capped
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ProShares Ultra MSCI Mexico Capped IMI
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ProShares Ultra KBW Regional Banking
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ProShares Short S&P500
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ProShares Short MidCap400
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ProShares Short Dow30
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ProShares Short QQQ
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ProShares Short Russell2000
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ProShares Short SmallCap600
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ProShares Short Basic Materials
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ProShares Short Financials
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ProShares Short Oil & Gas
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ProShares Short Real Estate
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ProShares Short MSCI Emerging Markets
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ProShares Short MSCI EAFE
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ProShares Short 7-10 Year Treasury
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ProShares Short 20+ Year Treasury
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ProShares Short High Yield
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ProShares Short Investment Grade Corporate
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ProShares Short KBW Regional Banking
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ProShares Short FTSE China 50
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ProShares UltraShort S&P500
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ProShares UltraShort MidCap400
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ProShares UltraShort Dow30
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ProShares UltraShort QQQ
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ProShares UltraShort Russell2000
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ProShares UltraShort SmallCap600
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ProShares UltraShort Basic Materials
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ProShares UltraShort Consumer Goods
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ProShares UltraShort Consumer Services
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ProShares UltraShort Financials
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ProShares UltraShort Health Care
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ProShares UltraShort Industrials
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ProShares UltraShort Oil & Gas
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ProShares UltraShort Real Estate
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ProShares UltraShort Semiconductors
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ProShares UltraShort Technology
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ProShares UltraShort Telecommunications
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ProShares UltraShort Utilities
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ProShares UltraShort MSCI Japan
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ProShares UltraShort MSCI Emerging Markets
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ProShares UltraShort MSCI EAFE
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ProShares UltraShort NASDAQ Biotechnology
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ProShares UltraShort FTSE China 50
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ProShares UltraShort 3-7 Year Treasury
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ProShares UltraShort 7-10 Year Treasury
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ProShares UltraShort 20+ Year Treasury
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ProShares UltraShort TIPS
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ProShares UltraShort MSCI Pacific ex-Japan
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ProShares UltraShort FTSE Europe
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ProShares UltraShort MSCI Brazil Capped
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ProShares UltraShort MSCI Mexico Capped IMI
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NAME OF PORTFOLIO
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ProShares UltraPro S&P500
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ProShares UltraPro QQQ
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ProShares UltraPro Dow30
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ProShares UltraPro Russell2000
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ProShares UltraPro MidCap 400
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ProShares UltraPro Financials
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ProShares UltraPro Short S&P500
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ProShares UltraPro Short QQQ
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ProShares UltraPro Short Dow30
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ProShares UltraPro Short Russell2000
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ProShares UltraPro Short MidCap400
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ProShares UltraPro Short 20+ Year Treasury
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ProShares UltraPro Short Financials
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ProShares Ultra Gold Miners
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ProShares Short Gold Miners
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ProShares UltraShort Gold Miners
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ProShares Ultra Junior Miners
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ProShares Short Junior Miners
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ProShares UltraShort Junior Miners
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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:2
NAME OF PORTFOLIO
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COMPENSATION
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(at annual rate expressed as a percentage of average daily net assets of each Fund)
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ProShares 30 Year TIPS/TSY Spread
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0.55%
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ProShares German Sovereign/Sub-Sovereign ETF
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0.35%
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ProShares USD Covered Bond
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0.35%
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ProShares Global Listed Private Equity ETF
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0.50%
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ProShares High Yield–Interest Rate Hedged
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0.50%
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ProShares DJ Brookfield Global Infrastructure ETF
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0.45%
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ProShares S&P 500 Dividend Aristocrats ETF
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0.35%
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ProShares Large Cap Core Plus
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0.75%
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ProShares RAFI Long/Short
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0.75%
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ProShares Hedge Replication ETF
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0.75%
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ProShares Merger ETF
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0.75%
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ProShares Investment Grade–Interest Rate Hedged
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0.30%
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ProShares Short Term USD Emerging Markets Bond ETF
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0.50%
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ProShares USD Emerging Markets Bond–Interest Rate Hedged
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0.55%
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ProShares MSCI Emerging Markets Dividend Growers ETF
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0.60%
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ProShares MSCI EAFE Dividend Growers ETF
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0.50%
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ProShares MSCI Europe Dividend Growers ETF
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0.55%
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ProShares CDS North American HY Credit ETF
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0.65%
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ProShares CDS Short North American HY Credit ETF
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0.65%
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ProShares CDS North American IG Credit ETF
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0.65%
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ProShares CDS Short North American IG Credit ETF
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0.65%
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ProShares CDS European HY Credit ETF
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0.65%
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ProShares CDS Short European HY Credit ETF
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0.65%
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ProShares CDS European IG Credit ETF
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0.65%
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ProShares CDS Short European IG Credit ETF
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0.65%
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ProShares Morningstar Alternatives Solution ETF
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0.07%
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ProShares Xxxxxxx 2000 Dividend Growers ETF
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0.40%
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ProShares S&P MidCap 400 Dividend Aristocrats ETF
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0.40%
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PROSHARE ADVISORS LLC,
a Maryland limited liability company
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a Delaware statutory trust
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By: /s/ Xxxxxxx X. Xxxxx
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By: /s/ Xxxx X. Xxxxxxx
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Xxxxxxx X. Xxxxx
Chief Executive Officer
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Xxxx X. Xxxxxxx
President
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2 All fees are computed daily and paid monthly
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