SCHEDULE A to the INVESTMENT SUB-ADVISORY AGREEMENT Dated May 13, 2020 between Roundhill Financial Inc. and Exchange Traded Concepts, LLC and LISTED FUNDS TRUST
SCHEDULE A
to the
INVESTMENT SUB-ADVISORY AGREEMENT
Dated May 13, 2020 between
Roundhill Financial Inc.
and
Exchange Traded Concepts, LLC
and
The Adviser will pay to the Sub-Adviser as compensation for the Sub-Adviser’s services rendered, a fee, calculated daily and paid monthly, at an annual rate based on the accumulative average daily net assets of each fund that ETC sub-advises and Roundhill is the Investment Adviser (or the Fund Sponsor), and subject to a minimum annual fee as follows:
Minimum Annual Fee | Asset-Based Fee | ||||
$15,000 | 4 bps (0.04%) on the first $200 million 3.5 bps (0.035%) on the next $800 million 3 bps (0.03%) on the next $1 billion 2.5 bps (0.025%) on the balance over $2 billion | ||||
| Current series of the Trust covered by this Sub-Advisory Agreement | |||||
| Roundhill Video Games ETF | Roundhill MEME ETF | ||||
| Roundhill Sports Betting & iGaming ETF | Roundhill IO Digital Infrastructure ETF | ||||
| Roundhill Ball Metaverse ETF | Roundhill Cannabis ETF | ||||
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 of 0.09% based on the daily net assets of the Roundhill Bitcoin Futures ETF.
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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 aggregated assets under management in all of the Roundhill Big exchange traded funds sub-advised by the Sub-Adviser, in accordance with the following fee schedule:
| Fund | Minimum Fee | Rate | ||||||
| Roundhill Big Tech ETF Roundhill Big Airlines ETF Roundhill Big Defense ETF Roundhill Big Bank ETF Roundhill Big Oil ETF Roundhill Big Railroad ETF | $20,000 for the first fund in the Roundhill Big family and $15,000 for all subsequent funds in the Roundhill Big family If a fund’s net assets are not sufficient to provide for the minimum fees from the unitary management fee, the additional payment from the Sponsor is reflected as additional revenue. | 4.0 bps on $0 - $200 million 3.5 bps on > $200 million - $1 billion 3.0 bps on > $1 billion - $2 billion 2.5 bps on > $2 billion | ||||||
IN WITNESS WHEREOF, the parties hereto have caused this Schedule A to be signed on their behalf by their duly authorized officers as of December 8, 2022.
ROUNDHILL FINANCIAL INC. By: /s/ Xxxx Xxxxxxx Name: Xxxx Xxxxxxx Title: Chief Executive Officer | ||
EXCHANGE TRADED CONCEPTS, LLC By: /s/ X. Xxxxxxx Xxxxxxx Name: X. Xxxxxxx Xxxxxxx Title: Chief Executive Officer | ||
By: /s/ Xxxx Xxxxxx Name: Xxxx X. Xxxxxx Title: Secretary | ||
