THIRD AMENDMENT TO FEE WAIVER AND EXPENSE REIMBURSEMENT AGREEMENT
Exhibit (h)(5)(iv)
THIRD AMENDMENT
TO
FEE WAIVER AND EXPENSE REIMBURSEMENT AGREEMENT
This third amendment (this “Amendment”) to Fee Waiver and Expense Reimbursement Agreement is made as of the 31st day of March, 2010 by and between AQR Funds, on behalf of each Fund listed on Appendix A, and AQR Capital Management, LLC.
WHEREAS, the parties hereto have entered into a Fee Waiver and Expense Reimbursement Agreement dated as of December 10, 2008, as amended and as in effect prior to giving effect to this Amendment (the “Agreement”); and
WHEREAS, the parties hereto wish to amend Appendix A of the Agreement in order to extend the term of the Agreement for certain Funds included therein.
NOW, THEREFORE, for good and adequate consideration, the receipt of which is hereby acknowledged, the parties hereto agree as follows:
1. AMENDMENT OF APPENDIX A. Appendix A of the Agreement is hereby amended by deleting it in its entirety and replacing it with the Appendix A attached hereto.
2. Except as modified hereby, the Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written above.
AQR CAPITAL MANAGEMENT, LLC
| By: |
/s/ Xxxxxxx Xxxxxx |
|||
| Name: Xxxxxxx Xxxxxx | ||||
| Title: Principal & General Counsel | ||||
| By: |
/s/ Xxxxxx XxxXxxx |
|||
| Name: Xxxxxx XxxXxxx | ||||
| Title: Vice President | ||||
APPENDIX A
(Amended as of March 31, 2010)
FUNDS AND EXPENSE CAPS
| Name of Fund |
Class |
Expense Cap |
Date | |||
| AQR Global Equity Fund |
N |
1.20% |
March 31, 2010 - December 31, 2010
| |||
| 1.35% |
January 1, 2011 – May 1, 2011
| |||||
| I |
0.85% |
March 31, 2010 - December 31, 2010
| ||||
| 1.05% |
January 1, 2011 – May 1, 2011
| |||||
| Y |
0.50% |
December 31, 2010
| ||||
| AQR International Equity Fund |
N |
1.25% |
March 31, 2010 - December 31, 2010
| |||
| 1.45% |
January 1, 2011 – May 1, 2011
| |||||
| I |
0.90% |
March 31, 2010 - December 31, 2010
| ||||
| 1.15% |
January 1, 2011 – May 1, 2011
| |||||
| Y |
0.55% |
December 31, 2010
| ||||
| AQR International Small Cap Fund |
N |
1.60% |
March 31, 2010 – May 1, 2011
| |||
| I |
1.25% |
March 31, 2010 - April 30, 2010
| ||||
| 1.20% |
May 1, 2010 – May 1, 2011
| |||||
| Y |
1.00% |
March 31, 2010 – May 1, 2011
| ||||
| AQR Emerging Markets Fund |
N |
1.60% |
March 31, 2010 - April 30, 2010
| |||
| 1.75% |
May 1, 2010 – May 1, 2011
| |||||
| I |
1.25% |
March 31, 2010 - April 30, 2010
| ||||
| 1.45% |
May 1, 2010 – May 1, 2011
| |||||
| Y |
1.05% |
April 30, 2010
| ||||
| AQR Diversified Arbitrage Fund |
N |
1.50% |
March 31, 2011 – May 1, 2011
| |||
| I |
1.20% |
March 31, 2011 – May 1, 2011
| ||||
| AQR Momentum Fund |
L |
0.49% |
March 31, 2011 – May 1, 2011
| |||
| AQR Small Cap Momentum Fund |
L |
0.65% |
March 31, 2011 – May 1, 2011
| |||
| AQR International Momentum Fund |
L |
0.65% |
March 31, 2011 – May 1, 2011
| |||
| AQR Managed Futures Strategy Fund |
N |
1.50% |
March 31, 2011 – May 1, 2011
| |||
| I |
1.25% |
March 31, 2011 – May 1, 2011
| ||||
| AQR Equity Plus Fund |
N |
1.60% |
March 31, 2010 - April 30, 2010
|
2
| I |
1.20% |
March 31, 2010 - April 30, 2010
| ||||
| AQR Small Cap Core Fund |
N |
1.40% |
March 31, 2010 - April 30, 2010
| |||
| I |
1.20% |
March 31, 2010 - April 30, 2010
| ||||
| AQR Small Cap Growth Fund |
N |
1.50% |
March 31, 2010 - April 30, 2010
| |||
| I |
1.20% |
March 31, 2010 - April 30, 2010
|
3
