EX-99.G.1.D 3 d324123dex99g1d.htm EXHIBIT (G)(1)(D) EXHIBIT (G)(1)(D)

Exhibit (g)(1)(d)

EXHIBIT 1

To Domestic Custody Agreement Between JPMorgan Chase Bank, N.A. (“Bank”)

and ProShares Trust (“ProShares”), dated as of May 25, 2006 as amended through April 7,

2011 (the “Agreement”), and as amended by

AMENDMENT #24 dated as of November 12, 2012

The following are the lists of funds and corresponding fee schedules for which Bank shall provide services in accordance with the Agreement. This Exhibit replaces in its entirety Exhibit 1 and the corresponding fee schedules of the Agreement. Except as amended hereby, all other terms and conditions of the Agreement remain unchanged and the Agreement shall remain in full force and effect.

PROSHARES TRUST PORTFOLIOS

THAT ARE PARTIES TO THIS CUSTODY AGREEMENT

SCHEDULE A

(as amended and restated November 12 , 2012)

 

SECURED PARTY

   

Tax ID

1. ProShares Short S&P500    20-3689256
2. ProShares Short QQQ    20-3689265
3. ProShares Short Dow30    20-3689300
4. ProShares Short MidCap400    20-3689284
5. ProShares UltraShort S&P500    20-3836953
6. ProShares UltraShort QQQ    20-3836962
7. ProShares UltraShort Dow30    20-3836977
8. ProShares UltraShort MidCap400    20-3836984
9. ProShares Ultra S&P500    20-3689227
10. ProShares Ultra QQQ    20-3689103
11. ProShares Ultra Dow30    20-3689206
12. ProShares Ultra MidCap400    20-3689184
13. ProShares Ultra SmallCap600    20-5966033
14. ProShares Ultra Russell2000    20-5963205
15. ProShares Short SmallCap600    01-0879232
16. ProShares Short Russell2000    20-5963749
17. ProShares UltraShort SmallCap600    20-5966134
18. ProShares UltraShort Russell2000    20-5963622
19. ProShares Ultra Basic Materials    20-5974078

 

1

20. ProShares Ultra Consumer Goods    20-5974160
21. ProShares Ultra Consumer Services    20-5974211
22. ProShares Ultra Financials    20-5974401
23. ProShares Ultra Health Care    20-5974479
24. ProShares Ultra Industrials    20-5974536
25. ProShares Ultra Oil & Gas    20-5974576
26. ProShares Ultra Real Estate    20-5974751
27. ProShares Ultra Semiconductors    20-5974819
28. ProShares Ultra Technology    20-5974619
29. ProShares Ultra Utilities    20-5974703
30. ProShares UltraShort Basic Materials    20-5974903
31. ProShares UltraShort Consumer Goods    20-5974952
32. ProShares UltraShort Consumer Services    20-5975042
33. ProShares UltraShort Financials    20-5975143
34. ProShares UltraShort Health Care    20-5966268
35. ProShares UltraShort Industrials    20-5966737
36. ProShares UltraShort Oil & Gas    20-5967327
37. ProShares UltraShort Real Estate    20-5967533
38. ProShares UltraShort Semiconductors    20-5967573
39. ProShares UltraShort Technology    20-5967363
40. ProShares UltraShort Utilities    20-5967398
41. ProShares Ultra Russell1000 Value    20-5967698
42. ProShares Ultra Russell1000 Growth    20-5967660
43. ProShares Ultra Russell MidCap Value    20-5972566
44. ProShares Ultra Russell MidCap Growth    20-5967761
45. ProShares Ultra Russell2000 Value    20-5972710
46. ProShares Ultra Russell2000 Growth    20-5972626
47. ProShares UltraShort Russell1000 Value    20-5972877
48. ProShares UltraShort Russell1000 Growth    20-5972820
49. ProShares UltraShort Russell MidCap Value    20-5973025
50. ProShares UltraShort Russell MidCap Growth    20-5972981
51. ProShares UltraShort Russell2000 Value    20-5973176
52. ProShares UltraShort Russell2000 Growth    20-5973099
53. ProShares Short MSCI Emerging Markets    26-0425684
54. ProShares Short MSCI EAFE    26-0426010

 

2

55. ProShares UltraShort MSCI Emerging Markets    26-0425564
56. ProShares UltraShort MSCI Japan    26-0425790
57. ProShares UltraShort MSCI EAFE    26-0425948
58. ProShares UltraShort FTSE China 25    26-0425417
59. ProShares UltraShort 7-10 Year Treasury    26-1353841
60. ProShares UltraShort 20+ Year Treasury    26-1353968
61. ProShares Ultra FTSE China 25    26-1686227
62. ProShares Ultra MSCI Japan    26-1686105
63. ProShares Ultra Telecommunications    26-2126869
64. ProShares UltraShort Telecommunications    26-2126749
65. ProShares Short Financials    26-2751472
66. ProShares Short Oil & Gas    26-2751491
67. ProShares Ultra MSCI EAFE    26-1865761
68. ProShares Ultra MSCI Emerging Markets    26-1865598
69. ProShares Ultra Russell3000    27-0215123
70. ProShares UltraShort MSCI Europe    27-0215713
71. ProShares UltraShort MSCI Pacific ex-Japan    27-0215761
72. ProShares UltraShort MSCI Brazil    27-0215820
73. ProShares UltraShort MSCI Mexico Investable Market    27-0215323
74. ProShares UltraShort Russell3000    27-0215181
75. ProShares Credit Suisse 130/30    26-2670007
76. ProShares UltraPro S&P500    27-0368618
77. ProShares UltraPro Short S&P500    27-0368696
78. ProShares Short 20+ Year Treasury    27-0705063
79. ProShares Ultra 7-10 Year Treasury    27-1134361
80. ProShares Ultra 20+ Year Treasury    27-1134375
81. ProShares UltraPro Dow30    27-1549941
82. ProShares UltraPro MidCap400    27-1549427
83. ProShares UltraPro Russell2000    27-1550293
84. ProShares UltraPro QQQ    27-1549798

 

3

85. ProShares UltraPro Short Dow30    27-1550022
86. ProShares UltraPro Short MidCap400    27-1549529
87. ProShares UltraPro Short Russell2000    27-1550151
88. ProShares UltraPro Short QQQ    27-1549635
89. ProShares Short Basic Materials    27-1779511
90. ProShares Short Real Estate    27-1779615
91. ProShares Short FTSE China 25    27-1779991
92. ProShares Ultra Nasdaq Biotechnology    26-3639539
93. ProShares UltraShort Nasdaq Biotechnology    26-3639581
94. ProShares Ultra KBW Regional Banking    27-1779852
95. ProShares Short KBW Regional Banking    27-1779716
96. ProShares Ultra MSCI Europe    27-1780206
97. ProShares Ultra MSCI Pacific ex-Japan    27-1780296
98. ProShares Ultra MSCI Brazil    27-1780485
99. ProShares Ultra MSCI Mexico Investable Market    27-1780568
100. ProShares RAFI Long/Short    27-3968549
101. ProShares Hedge Replication ETF    27-4256573
102. ProShares UltraShort TIPS    27-2855220
103. ProShares Short High Yield    27-5040566
104. ProShares Short Investment Grade Corporate    27-5040865
105. ProShares UltraShort 3-7 Year Treasury    27-2856287
106. ProShares Short 7-10 Year Treasury    27-0704884
107. ProShares Ultra High Yield    45-1470999
108. ProShares Ultra Investment Grade Corporate    45-1471128
109. ProShares German Sovereign/Sub-Sovereign ETF    45-3419107
110. ProShares UltraPro 10 Year TIPS/TSY Spread    45-3571566
111. ProShares UltraPro Short 10 Year TIPS/TSY Spread    45-3571576
112. ProShares 30 Year TIPS/TSY Spread    45-3795433

 

4

113. ProShares Short 30 Year TIPS/TSY Spread    45-3795515
114. ProShares UltraPro MSCI Emerging Markets    27-1564659
115. ProShares UltraPro Short MSCI Emerging Markets    27-1564729
116. ProShares UltraPro 20+ Year Treasury    27-1564927
117. ProShares UltraPro Short 20+ Year Treasury    27-1564991
118. ProShares USD Covered Bond    45-4218033
119. ProShares UltraPro Financials    45-5439226
120. ProShares UltraPro Short Financials    45-5449466
121. ProShares Merger Arbitrage    45-5493124

 

5

SCHEDULE A

PROSHARES TRUST

FEE SCHEDULE

FOR

GLOBAL CUSTODY AND AGENCY SERVICES

from

JPMORGAN CHASE BANK, N.A.

 

A. Global Custody Core Service Fees [Portions Redacted]

 

US Tiered Safekeeping Fee

From

  

To

  

Annual Fee Basis Points

  $10,000,000,000   [Redacted]

$10,000,000,001

   $25,000,000,000   [Redacted]

$25,000,000,001

     [Redacted]

 

Other Transactions

    Fee  

Transactions – DTC non-Russell index funds

      [Redacted ] 

Transactions – DTC Russell index funds

      [Redacted ] 

Transactions – Fed Book Entry

      [Redacted ] 

Transactions – Physical/Private Placement

      [Redacted ] 

Futures/ Options

      [Redacted ] 

Wires

      [Redacted ] 

In-Kind Transactions non-Russell index funds

      [Redacted ] 

In-Kind Transactions Russell index funds

      [Redacted ] 

Manual Instruction Surcharge

      [Redacted ] 

JPMorgan will waive [Redacted] bps of the annual U.S. Tiered Safekeeping Fee for twelve months beginning with an effective date of June 1st 2011

 

B. Out-of-Pocket Fees (Custody Only)

The Trust shall reimburse JPMorgan for all reasonable out-of-pocket expenses incurred on its behalf.

 

6

FEE SCHEDULE (continued)

FOR

GLOBAL CUSTODY AND AGENCY SERVICES

 

C. Global Fee Schedule

Global Custody Core Service Fees

Asset charges (per annum) and Transaction charges (per security movement). These global custody fees are all the fees contemplated in Section 4.1 of the Global Custody Rider to this agreement.

 

Country of

Investment

    Holdings
(basis  points)		      Transactions
(U.S.  Dollars)		          

Country of

Investment

    Holdings
(basis points)		      Transactions
(U.S.  Dollars)		  

Argentina

      20.00         45.00          Jordan      35.00         75.00   

Australia

      2.00         20.00          Korea      10.00         35.00   

Austria

      2.50         35.00          Malaysia      8.00         35.00   

Belgium

      2.50         25.00          Mexico      8.00         25.00   

Brazil

      12.00         45.00          Morocco      35.00         75.00   

Chile

      20.00         45.00          Netherlands      2.00         20.00   

China

      20.00         45.00          New Zealand      3.00         35.00   

Colombia

      25.00         75.00          Norway      2.00         35.00   

Czech Republic

      17.00         45.00          Pakistan      35.00         75.00   

Denmark

      2.00         25.00          Peru      25.00         75.00   

Egypt

      25.00         50.00          Philippines      8.00         35.00   

Finland

      2.00         25.00          Poland      17.00         45.00   

France

      1.75         20.00          Portugal      4.00         35.00   

Germany

      1.00         15.00          Russia      17.00         45.00   

Greece

      8.00         25.00          Singapore      4.00         35.00   

Hong Kong

      3.00         35.00          South Africa      8.00         35.00   

Hungary

      17.00         45.00          Spain      2.50         35.00   

India

      10.00         45.00          Sweden      2.00         25.00   

Indonesia

      8.00         35.00          Switzerland      2.00         20.00   

Ireland

      2.00         35.00          Taiwan      15.00         45.00   

Israel

      15.00         45.00          Thailand      8.00         35.00   

Italy

      2.00         20.00          Turkey      10.00         35.00   

Japan

      1.25         20.00          United Kingdom      1.00         15.00   

 

7

FEE SCHEDULE (continued)

FOR

GLOBAL CUSTODY AND AGENCY SERVICES

 

D. Agency Services

JPMorgan shall be entitled to receive transaction fees from Authorized Participants (APs) according to the following schedule.

JPMorgan is entitled to transaction fees even if the fee is not delivered or required to be delivered from the Authorized Participant. If the transaction fee is not delivered by the Authorized Participant than the fee will be paid to JPMorgan by the relevant fund.

For all “Ultra” funds where a cash Creation Unit transaction occurs; JPM will reimburse the funds for any transaction fee collected from APs above $500.

Transaction fee schedule charged to create or redeem Creation Units regardless of number of units redeemed or created for an order:

 

FUNDS

    FEE      Fund Style  

ProShares Ultra S&P500®

    $ 2,500         Ultra   

ProShares Short S&P500®

    $ 500         Short   

ProShares UltraShort S&P500®

    $ 500         Short   

ProShares Ultra QQQ®

    $ 500         Ultra   

ProShares Short QQQ®

    $ 500         Short   

ProShares UltraShort QQQ®

    $ 500         Short   

ProShares Ultra Dow30SM

    $ 500         Ultra   

ProShares Short Dow30SM

    $ 500         Short   

ProShares UltraShort Dow30SM

    $ 500         Short   

ProShares Ultra MidCap400

    $ 2,000         Ultra   

ProShares Short MidCap400

    $ 500         Short   

ProShares UltraShort MidCap400

    $ 500         Short   

ProShares Ultra Russell2000

    $ 3,500         Ultra   

 

8

ProShares Short Russell2000

    $ 500         Short   

ProShares UltraShort Russell2000

    $ 500         Short   

ProShares Ultra SmallCap600

    $ 3,000         Ultra   

ProShares Short SmallCap600

    $ 500         Short   

ProShares UltraShort SmallCap600

    $ 500         Short   

ProShares Ultra Russell1000 Value

    $ 3,055         Ultra   

ProShares Short Russell1000 Value

    $ 500         Short   

ProShares UltraShort Russell1000 Value

    $ 500         Short   

ProShares Ultra Russell1000 Growth

    $ 3,415         Ultra   

ProShares Short Russell1000 Growth

    $ 500         Short   

ProShares UltraShort Russell1000 Growth

    $ 500         Short   

ProShares Ultra Russell MidCap Value

    $ 2,405         Ultra   

ProShares Short Russell MidCap Value

    $ 500         Short   

ProShares UltraShort Russell MidCap Value

    $ 500         Short   

ProShares Ultra Russell MidCap Growth

    $ 2,695         Ultra   

ProShares Short Russell MidCap Growth

    $ 500         Short   

ProShares UltraShort Russell MidCap Growth

    $ 500         Short   

ProShares Ultra Russell2000 Value

    $ 3,500         Ultra   

ProShares Short Russell2000 Value

    $ 500         Short   

ProShares UltraShort Russell2000 Value

    $ 500         Short   

ProShares Ultra Russell2000 Growth

    $ 3,500         Ultra   

ProShares Short Russell2000 Growth

    $ 500         Short   

ProShares UltraShort Russell2000 Growth

    $ 500         Short   

ProShares Ultra Basic Materials

    $ 500         Ultra   

ProShares Short Basic Materials

    $ 500         Short   

ProShares UltraShort Basic Materials

    $ 500         Short   

 

9

ProShares Ultra Consumer Goods

    $ 755         Ultra   

ProShares Short Consumer Goods

    $ 500         Short   

ProShares UltraShort Consumer Goods

    $ 500         Short   

ProShares Ultra Consumer Services

    $ 1,265         Ultra   

ProShares Short Consumer Services

    $ 500         Short   

ProShares UltraShort Consumer Services

    $ 500         Short   

ProShares Ultra Financials

    $ 625         Ultra   

ProShares Short Financials

    $ 250         Short   

ProShares UltraShort Financials

    $ 500         Short   

ProShares Ultra Health Care

    $ 800         Ultra   

ProShares Short Health Care

    $ 500         Short   

ProShares UltraShort Health Care

    $ 500         Short   

ProShares Ultra Industrials

    $ 1,355         Ultra   

ProShares Short Industrials

    $ 500         Short   

ProShares UltraShort Industrials

    $ 500         Short   

ProShares Ultra Oil & Gas

    $ 250         Ultra   

ProShares Short Oil & Gas

    $ 500         Short   

ProShares UltraShort Oil & Gas

    $ 250         Short   

ProShares Ultra Real Estate

    $ 250         Ultra   

ProShares Short Real Estate

    $ 500         Short   

ProShares UltraShort Real Estate

    $ 250         Short   

ProShares Ultra Semiconductors

    $ 250         Ultra   

ProShares Short Semiconductors

    $ 500         Short   

ProShares UltraShort Semiconductors

    $ 250         Short   

ProShares Ultra Technology

    $ 500         Ultra   

 

10

ProShares Short Technology

    $ 500        Short   

ProShares UltraShort Technology

    $ 250        Short   

ProShares Ultra Utilities

    $ 500        Ultra   

ProShares Short Utilities

    $ 500        Short   

ProShares UltraShort Utilities

    $ 500        Ultra   

ProShares Short MSCI Emerging Markets

    $ 500        Short   

ProShares Short MSCI EAFE

    $ 500        Short   

ProShares UltraShort MSCI Emerging Markets

    $ 250        Short   

ProShares UltraShort MSCI Japan

    $ 500        Short   

ProShares UltraShort MSCI EAFE

    $ 250        Short   

ProShares UltraShort FTSE China 25

    $ 250        Short   

ProShares UltraShort 7-10 Year Treasury

    $ 500        Short   

ProShares UltraShort 20+ Year Treasury

    $ 500        Short   

ProShares Ultra FTSE China 25

    $ 250 *      Ultra   

ProShares Ultra FTSE China 25

    $ 875 ***      Ultra   

ProShares Ultra MSCI Japan

    $ 500 *      Ultra   

ProShares Ultra MSCI Japan

    $ 5,000 ***      Ultra   

ProShares Ultra Telecommunications

    $ 500        Ultra   

ProShares UltraShort Telecommunications

    $ 500        Short   

ProShares Ultra MSCI EAFE

    $ 500 *      Ultra   

ProShares Ultra MSCI EAFE

    $ 1,250 ***      Ultra   

 

* For any creation unit purchases or redemptions made when the Fund is invested in financial instruments and cash only.
** For any creation unit purchases or redemptions made when the Fund is invested in American Depositary Receipts in addition to any financial instruments and cash.
*** For any creation unit purchases or redemptions made when the Fund is invested in local international equities or American Depositary Receipts in addition to any financial instruments and cash.

With respect to any change from * to ** or ***, JPMorgan reserves the right to adjust fees

 

11

ProShares Ultra MSCI Emerging Markets

    $ 500 *      Ultra   

ProShares Ultra MSCI Emerging Markets

    $ 1,250 ***      Ultra   

ProShares UltraShort MSCI Europe

    $ 500        Short   

ProShares UltraShort MSCI Pacific ex-Japan

    $ 500        Short   

ProShares UltraShort MSCI Brazil

    $ 250        Short   

ProShares UltraShort MSCI Mexico Investable Market

    $ 250        Short   

ProShares Ultra Russell3000

    $ 3,500        Ultra   

ProShares UltraShort Russell3000

    $ 500        Short   

ProShares Credit Suisse 130/30

    $ 500        Alpha   

ProShares UltraPro S&P500®

    $ 1,250        Ultra   

ProShares UltraPro Short S&P500®

    $ 250        Short   

ProShares Short 7-10 Year Treasury

    $ 250        Short   

ProShares Short 20+ Year Treasury

    $ 250        Short   

ProShares Ultra 7-10 Year Treasury

    $ 250        Ultra   

ProShares Ultra 20+ Year Treasury

    $ 250        Ultra   

ProShares UltraPro Dow30

    $ 325        Ultra   

ProShares UltraPro MidCap400

    $ 1,250        Ultra   

ProShares UltraPro Russell2000

    $ 1750        Ultra   

ProShares UltraPro QQQ

    $ 500        Ultra   

ProShares UltraPro Short Dow30

    $ 250        Short   

ProShares UltraPro Short MidCap400

    $ 250        Short   

ProShares UltraPro Short Russell2000

    $ 250        Short   

ProShares UltraPro Short QQQ

    $ 250        Short   

 

12

ProShares Short Basic Materials

    $ 500        Short   

ProShares Short Real Estate

    $ 500        Short   

ProShares Short FTSE China 25

    $ 500        Short   

ProShares Ultra Nasdaq Biotechnology

    $ 625        Ultra   

ProShares UltraShort Nasdaq Biotechnology

    $ 500        Short   

ProShares Ultra KBW Regional Banking

    $ 500        Ultra   

ProShares Short KBW Regional Banking

    $ 500        Short   

ProShares Ultra MSCI Europe

    $ 500 **      Ultra   

ProShares Ultra MSCI Pacific ex-Japan

    $ 500 **      Ultra   

ProShares Ultra MSCI Brazil

    $ 250 **      Ultra   

ProShares Ultra MSCI Mexico Investable Market

    $ 250 **      Ultra   

ProShares RAFI Long/Short

    $ 500        Alpha   

ProShares Hedge Replication ETF

    $ 500 *      Alpha   

ProShares Ultra TIPS

    $ 250        Ultra   

ProShares UltraShort TIPS

    $ 250        Short   

ProShares Short High Yield

    $ 250        Short   

ProShares Short Investment Grade Corporate

    $ 250        Short   

ProShares UltraShort 3-7 Year Treasury

    $ 250        Short   

ProShares Short 7-10 Year Treasury

    $ 250        Short   

ProShares Ultra High Yield

    $ 250        Ultra   

ProShares Ultra Investment Grade Corporate

    $ 250        Ultra   

ProShares German Sovereign/Sub-Sovereign ETF

    $ 500        Specialty   

ProShares UltraPro 10 Year TIPS/TSY Spread

    $ 250        Specialty   

ProShares UltraPro Short 10 Year TIPS/TSY Spread

    $ 250        Specialty   

ProShares 30 Year TIPS/TSY Spread

    $ 250        Specialty   

ProShares UltraPro MSCI Emerging Markets

    $ 250        Short   

 

* For any creation unit purchases or redemptions made when the Fund is invested in financial instruments and cash only.
** For any creation unit purchases or redemptions made when the Fund is invested in American Depositary Receipts in addition to any financial instruments and cash.
*** For any creation unit purchases or redemptions made when the Fund is invested in local international equities or American Depositary Receipts in addition to any financial instruments and cash.

With respect to any change from * to ** or ***, JPMorgan reserves the right to adjust fees

 

13

ProShares UltraPro Short MSCI Emerging Markets

    $ 250         Short   

ProShares UltraPro 20+ Year Treasury

    $ 250         Short   

ProShares UltraPro Short 20+ Year Treasury

    $ 250         Short   

ProShares Covered Bond

    $ 500         Ultra   

ProShares UltraPro Financials

    $ 315         Ultra   

ProShares UltraPro Short Financials

    $ 250         Short   

121. ProShares Merger Arbitrage

    $ 500         Specialty   

 

14

Additional Transaction Fees.

An additional charge of up to three (3) times the normal creation redemption fee (for a total charge of up to four (4) times the normal creation redemption fee) will be collected with respect to transactions effected by Authorized Participants outside the Clearing Process.

Fee Proposal Acknowledgement

The foregoing fee proposal covers custody, settlement and certain associated services to be performed by JPMorgan Chase Bank, N.A. (“J.P. Morgan”) and/or certain subsidiaries and/or affiliates for ProShares. The signature below indicates that I, as a duly authorized representative of ProShares, have reviewed and accept this fee proposal, which will take effect upon the start of provision of the services described herein by J.P. Morgan for ProShares.This fee proposal will be attached as a schedule to, and will be incorporated into, the custody or trust agreement(s) in effect between ProShares and J.P. Morgan.

This fee schedule shall be in effect for three years from the effective date of 06/01/2011, subject to earlier termination in accordance with Section 9 of the Agreement.

Accepted by:

ProShares Trust     JPMorgan Chase Bank, N.A.
/s/ Todd B. Johnson     /s/ Josh Jacobs
Signature     Signature
Todd B. Johnson     Josh Jacobs
Name     Name
CIO     Vice President
Title     Title
11/20/2012      
Date     Date

 

15