INVESTMENT MANAGEMENT AGREEMENT II
FIFTH AMENDMENT
TO
INVESTMENT MANAGEMENT AGREEMENT II
This fifth amendment (the "Amendment") to the Investment Management Agreement
IIis made as of the 20th day of May, 2020 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 Diversifying Strategies 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 CAPITAL MANAGEMENT, LLC | |||||
By: /s/Xxxxxx XxxXxxx |
By: /s/ Xxxxxx XxxXxxx | ||||
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Name: Xxxxxx XxxXxxx |
Name: Xxxxxx XxxXxxx | ||||
Title: Chief Legal Officer & Vice President |
Title: Managing Director, Head of Registered | ||||
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Products | |
EXHIBIT A
(Amended as of May 20, 2020)
Name of Series |
Commencement |
Advisory Fee | |
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Date |
Each fee will be based on the average | |
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daily net assets of the Fund managed by |
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the Adviser, and calculated as described in |
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Section 7 of the Agreement. |
AQR Style Premia |
[ |
] |
1.15% |
Alternative II Fund |
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AQR Alternative Risk |
September 19, |
1.20% | |
Premia Fund |
2017 |
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AQR Core Plus Bond |
April 5, 2018 |
0.32% | |
Fund |
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AQR High Yield Bond |
[ |
] |
0.55% |
Fund |
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AQR Volatility Risk |
November 1, |
0.55% | |
Premium Fund |
2018 |
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AQR Diversifying |
[ |
], 2020 |
0.00% |
Strategies Fund |
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