Exhibit (h)(9)
SCHEDULE A
as revised January 22, 2025
to the
THIRD AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
dated September 8, 2017
between
ADVISORSHARES TRUST
and
ADVISORSHARES INVESTMENTS, LLC
MAXIMUM ANNUAL OPERATING EXPENSE LIMITS
| Fund | Maximum
Annual |
|
| AdvisorShares Dorsey Wright ADR ETF | 1.10% | |
| AdvisorShares Ranger Equity Bear ETF | 1.85% | |
| AdvisorShares Insider Advantage ETF | 0.90% | |
| AdvisorShares STAR Global Buy-Write ETF | 1.85% | |
| AdvisorShares Focused Equity ETF | 0.65% - 0.85%* | |
| AdvisorShares Vice ETF | 0.99% | |
| AdvisorShares Dorsey Wright Short ETF | 1.25% | |
| AdvisorShares Pure Cannabis ETF | 0.74% | |
| AdvisorShares Dorsey Wright FSM US Core ETF | 0.99% | |
| AdvisorShares Dorsey Wright FSM All Cap World ETF | 0.99% | |
| AdvisorShares Pure US Cannabis ETF | 0.74% | |
| AdvisorShares Q Dynamic Growth ETF | 1.45% | |
| AdvisorShares Hotel ETF | 0.99% | |
| AdvisorShares Restaurant ETF | 0.99% | |
| AdvisorShares Gerber Kawasaki ETF | 0.75% | |
| AdvisorShares Psychedelics ETF | 0.99% | |
| AdvisorShares MSOS Daily Leveraged ETF | 0.95% | |
| AdvisorShares HVAC and Industrials ETF | 0.99% |
| * | The Maximum Annual Operating Expense Limit is equal to the annual rate of the Adviser’s contractual advisory fee, which can range from 0.65% to 0.85%. |
New funds and revised operating expense limits appear in bold; fund name changes appear in italics.