FIRST AMENDMENT TO INVESTMENT MANAGEMENT AGREEMENT II
Exhibit (d)(4)(ii)
FIRST AMENDMENT
TO
INVESTMENT MANAGEMENT AGREEMENT II
This first amendment (the “Amendment”) to the Investment Management Agreement II is made as of the 11th day of November, 2016 by and between AQR Funds (“Trust”), on behalf of each Fund listed on Exhibit A, and AQR Capital Management, LLC (“AQR”).
WHEREAS, the parties hereto entered into an Investment Management Agreement II dated and effective as of November 13, 2015, as amended (the “Agreement”); and
WHEREAS, the parties hereto wish to amend Exhibit A of the Agreement in order to add the AQR Large Cap Relaxed Constraint Equity Fund, AQR Small Cap Relaxed Constraint Equity Fund, AQR International Relaxed Constraint Equity Fund and AQR Emerging Relaxed Constraint Equity Fund.
NOW, THEREFORE, for good and adequate consideration, the receipt of which is hereby acknowledged, Trust and AQR agree as follows:
1. AMENDMENT OF EXHIBIT A. Exhibit A of the Agreement is hereby amended by deleting it in its entirety and replacing it with the Exhibit 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 FUNDS | AQR CAPITAL MANAGEMENT, LLC | |
| By: /s/ Xxxxxx XxxXxxx Name: Xxxxxx XxxXxxx |
By: /s/ Xxxxxxx Xxxx Name: Xxxxxxx Xxxx | |
| Title: Chief Legal Officer & Vice President |
Title: Managing Director & General Counsel | |
EXHIBIT A
(Amended as of November 11, 2016)
| Name of Series | Commencement Date |
Advisory Fee Each fee will be based on the average daily net assets of the Fund managed by the Adviser, and calculated as described in Section 7 of the Agreement. | ||
| AQR Style Premia Alternative II Fund |
[ ], 2016 | 1.15% | ||
| AQR Large Cap Relaxed Constraint Equity Fund |
[ ], 2016 | 0.60% | ||
| AQR Small Cap Relaxed Constraint Equity Fund |
[ ], 2016 | 0.80% | ||
| AQR International Relaxed Constraint Equity Fund |
[ ], 2016 | 0.75% | ||
| AQR Emerging Relaxed Constraint Equity Fund |
[ ], 2016 | 0.95% |
