INVESTMENT SUB-ADVISORY AGREEMENTInvestment Sub-Advisory Agreement • July 25th, 2011 • AdvisorShares Trust • Delaware
AGREEMENT made as of this 18 day of May, 2011 by and between AdvisorShares Investments, LLC, a Delaware company with its principal place of business at 2 Bethesda Metro Center, Suite 1330, Bethesda MD, 20814 (the “Adviser”) and Accuvest Global Advisors, a California corporation with its principal place of business at 3100 Oak Road, Suite 380, Walnut Creek, CA 94597 (the “Sub-Adviser”).
EXPENSE LIMITATION AGREEMENTExpense Limitation Agreement • July 25th, 2011 • AdvisorShares Trust
EXPENSE LIMITATION AGREEMENT, effective as of May 18, 2011 by and between ADVISORSHARES INVESTMENTS, LLC (the "Adviser") and ACCUVEST GLOBAL ADVISORS (the "Sub-Adviser") (the "Agreement").
SCHEDULE A to the ADVISORY AGREEMENT dated June 2, 2009, amended as of May 10, 2011 between ADVISORSHARES TRUST and ADVISORSHARES INVESTMENTS, LLCAdvisory Agreement • July 25th, 2011 • AdvisorShares Trust
The Trust will pay to the Adviser as compensation for the Adviser’s services rendered, a fee, computed daily at an annual rate based on the average daily net assets of the respective Fund in accordance the following fee schedule:
SCHEDULE A to the EXPENSE LIMITATIONS AGREEMENT dated June 2, 2009, amended as of May 10, 2011 between ADVISORSHARES TRUST AND ADVISORSHARES INVESTMENTS, LLC MAXIMUM ANNUAL OPERATING EXPENSE LIMITSExpense Limitations Agreement • July 25th, 2011 • AdvisorShares Trust
Name of Fund Maximum Annual Operating Expense Limit Dent Tactical ETF 1.50 % WCM / BNY Mellon Focused Growth ADR ETF 1.25 % Mars Hill Global Relative Value ETF 1.50 % Peritus High Yield ETF 1.35 % Cambria Global Tactical ETF 0.99 % Active Bear ETF 1.75 % Madrona Forward Domestic ETF 1.25 % Madrona Forward International ETF 1.25 % Madrona Forward Global Bond ETF 0.95 % Meidell Tactical Advantage ETF 1.35 % TrimTabs Float Shrink ETF 1.40 % Rockledge SectorSAM ETF 1.50 % Accuvest Global Opportunities ETF 1.25 %
