LETTER AGREEMENT AMG GW&K Core Bond Fund Fund Management Agreement
LETTER AGREEMENT
AMG GW&K Core Bond Fund
July 1, 2015
AMG Funds LLC
000 Xxxxxxxxxxx Xxxxxx
Xxxxxxx, Xxxxxxxxxxx 00000
Attn: Xxxxxx X. Xxxxx, Chief Operating Officer
| Re: | Fund Management Agreement between AMG Funds LLC |
and AMG Funds I, dated as of August 1, 2000
Ladies and Gentlemen:
Pursuant to Section 11 of the Fund Management Agreement between AMG Funds LLC (formerly Managers Investment Group LLC, which was formerly The Managers Funds LLC) (the “Adviser”) and AMG Funds I (formerly Managers Trust I) (the “Trust”), dated August 1, 2000, and as amended from time to time (the “Fund Management Agreement”), the Trust hereby notifies you that Appendix B to the Fund Management Agreement is amended to reflect the lower management fee (the “New Management Fee”) that has been agreed to by the Adviser and the Trust with respect to the AMG GW&K Core Bond Fund (formerly AMG Managers Total Return Bond Fund, which was formerly Managers PIMCO Bond Fund, which was formerly Managers Fremont Bond Fund) (the “Fund”). Attached as Schedule A is an amendment to Appendix B to the Fund Management Agreement setting forth the annual fee that the Trust will pay the Adviser on behalf of the Fund pursuant to Section 6 of the Fund Management Agreement. Schedule A supplements and supersedes any information to the contrary relating to the Fund contained in Appendix B to the Fund Management Agreement.
Please acknowledge your agreement to the New Management Fee as set forth on Schedule A by executing this letter agreement in the space provided below and then returning it to the undersigned.
Sincerely,
| By: | /s/ Xxxxxx X. Xxxxxx | |
| Name: | Xxxxxx X. Xxxxxx | |
| Title: | Treasurer, Chief Financial Officer, | |
| and Principal Financial Officer |
| ACKNOWLEDGED AND ACCEPTED | ||
| AMG Funds LLC | ||
| By: | /s/ Xxxxxx X. Xxxxx | |
| Name: | Xxxxxx X. Xxxxx | |
| Title: | Chief Operating Officer | |
| Date: July 1, 2015 | ||
Schedule A
AMENDMENT TO APPENDIX B
| Name of Series |
Annual Percentage Rate of Management Fee | |
| AMG GW&K CORE BOND FUND |
0.30% |
