SCHEDULE A
AMENDED AS OF JUNE 23, 2017
TO THE
EXPENSE LIMITATION AGREEMENT
DATED FEBRUARY 28, 2017 BETWEEN
THE ADVISORS' INNER CIRCLE FUND III
AND
BNP PARIBAS ASSET MANAGEMENT USA, INC.
(F/K/A XXXXXXX XXXXXXX TREES & XXXXX, INC.)
MAXIMUM ANNUAL OPERATING EXPENSE LIMITS
This Agreement relates to the following Funds of the Trust:
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MAXIMUM ANNUAL
OPERATING EXPENSE
NAME OF FUND SHARE CLASS LIMIT INITIAL TERM END DATE*
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BNP Paribas Absolute Return Fixed Income Fund Institutional 0.35% March 31, 2018
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BNP Paribas Absolute Return Fixed Income Fund Investor 0.35% March 31, 2018
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BNP Paribas Absolute Return Fixed Income Fund Retail 0.35% March 31, 2018
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BNP Paribas AM Global Inflation-Linked Bond Fund Institutional 0.25% March 31, 2018
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BNP Paribas AM Global Inflation-Linked Bond Fund Investor 0.25% March 31, 2018
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BNP Paribas AM Global Inflation-Linked Bond Fund Retail 0.25% March 31, 2018
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BNP Paribas AM Emerging Markets Total Return Fixed Income Fund Institutional 0.50% June 30, 2018
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BNP Paribas AM Emerging Markets Total Return Fixed Income Fund Investor 0.50% June 30, 2018
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BNP Paribas AM Emerging Markets Total Return Fixed Income Fund Retail 0.50% June 30, 2018
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BNP Paribas AM Emerging Markets Equity Fund Institutional 0.75% March 31, 2018
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BNP Paribas AM Emerging Markets Equity Fund Investor 0.75% March 31, 2018
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BNP Paribas AM Emerging Markets Equity Fund Retail 0.75% March 31, 2018
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BNP Paribas AM MBS Fund Institutional 0.30% March 31, 2018
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BNP Paribas AM MBS Fund Investor 0.30% March 31, 2018
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BNP Paribas AM MBS Fund Retail 0.30% March 31, 2018
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BNP Paribas AM U.S. Small Cap Equity Fund Institutional 0.75% March 31, 2018
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BNP Paribas AM U.S. Small Cap Equity Fund Investor 0.75% March 31, 2018
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BNP Paribas AM U.S. Small Cap Equity Fund Retail 0.75% March 31, 2018
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BNP Paribas AM U.S. Inflation-Linked Bond Fund Institutional 0.25% July 31, 2018
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BNP Paribas AM U.S. Inflation-Linked Bond Fund Investor 0.25% July 31, 2018
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BNP Paribas AM U.S. Inflation-Linked Bond Fund Retail 0.25% July 31, 2018
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THE ADVISORS' INNER CIRCLE FUND III
By: /s/ Xxxxxxx Xxxxxxx
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Name: Xxxxxxx Xxxxxxx
Title: President
BNP PARIBAS ASSET MANAGEMENT USA, INC.
By: /s/ Xxxxxx Xxxxx
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Name: Xxxxxx Xxxxx
Title: Chief Executive Officer
