FORM OF AMENDED AND RESTATED SCHEDULE B DATED AS OF JUNE 21, 2019 TO INVESTMENT ADVISORY AGREEMENT DATED AS OF JUNE 15, 2005 BETWEEN CRM MUTUAL FUND TRUST AND CRAMER ROSENTHAL MCGLYNN, LLC

Exhibit d(20)

FORM OF AMENDED AND RESTATED

SCHEDULE B

DATED AS OF JUNE 21, 2019

TO

INVESTMENT ADVISORY AGREEMENT

DATED AS OF JUNE 15, 2005

BETWEEN

CRM MUTUAL FUND TRUST

AND

XXXXXX XXXXXXXXX XXXXXXX, LLC

Schedule B to the Investment Advisory Agreement between CRM Mutual Fund Trust and Xxxxxx Xxxxxxxxx XxXxxxx, LLC dated as of June 15, 2005 is hereby amended and restated with respect to CRM All Cap Value Fund as of the date set forth above as follows:

Fee Schedule

Fund		Annual Fee as a % of Average Daily Net Assets
CRM All Cap Value Fund		.70% of the Fund’s average daily net assets.

IN WITNESS WHEREOF the parties have caused this instrument to be signed on their behalf by their respective officers thereunto duly authorized, and their respective seals to be hereunto affixed, all as of the date first written above.

CRM MUTUAL FUND TRUST
By:		/s/ Xxxxxx X. XxXxxxx
		Name: Xxxxxx X. XxXxxxx
		Title: Chief Executive Officer
XXXXXX XXXXXXXXX XXXXXXX, LLC
By:		/s/ Xxxxxxxx Xxxxxxxx
		Name: Xxxxxxxx Xxxxxxxx
		Title: Principal Financial Officer

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