LETTER AGREEMENT AMG GW&K U.S. Small Cap Growth Fund Investment Advisory Agreement
AMG GW&K U.S. Small Cap Growth Fund
Investment Advisory Agreement
February 27, 2017
AMG Funds LLC
000 Xxxxxxxxx Xxxx, Xxxxx 000
Xxxxxxxxx, Xxxxxxxxxxx 00000
Attn: Compliance
| Re: | Investment Advisory Agreement between AMG Funds IV (the “Trust”) and AMG Funds LLC (the “Adviser”), dated as of May 30, 2014, and as amended from time to time (the “Advisory Agreement”) |
Ladies and Gentlemen:
Pursuant to Section 15 of the Advisory Agreement, the Trust hereby notifies you that Schedule B to the Advisory Agreement is amended and restated, effective as of the date hereof, to reflect a revised advisory fee (the “New Advisory Fee”) that has been agreed to by the Trust and the Adviser with respect to AMG GW&K U.S. Small Cap Growth Fund, a series of the Trust. Attached as Appendix A is an amended and restated Schedule B to the Advisory Agreement setting forth, among other things, the annual fee AMG GW&K U.S. Small Cap Growth Fund will pay to the Adviser pursuant to Section 7 of the Advisory Agreement.
Please acknowledge your agreement to the amended and restated Schedule B, including the New Advisory Fee, as set forth on Appendix A by executing this letter agreement in the space provided below and then returning it to the undersigned.
| Sincerely, | ||
| AMG Funds IV | ||
| By: |
| |
| Name: Xxxxxx X. Xxxxxx | ||
| Title: Treasurer, Chief Financial Officer and Principal Financial Officer | ||
| ACKNOWLEDGED AND ACCEPTED | ||
| AMG Funds LLC | ||
| By: |
| |
| Name: Xxxxxx X. Xxxxx | ||
| Title: Chief Operating Officer | ||
| Date: February 27, 2017 | ||
Appendix A
AMENDED AND RESTATED
SCHEDULE B
| Fund |
Fee Rate | |
| AMG GW&K U.S. Small Cap Growth Fund (formerly ASTON Small Cap Fund) |
0.70% of the Fund’s average daily net assets | |
| AMG Managers Anchor Capital Enhanced Equity Fund (formerly ASTON/Anchor Capital Enhanced Equity Fund) |
0.60% of the Fund’s average daily net assets | |
| AMG Managers DoubleLine Core Plus Bond Fund (formerly ASTON/DoubleLine Core Plus Fixed Income Fund) |
0.45% of the Fund’s average daily net assets | |
| AMG Managers Fairpointe Focused Equity Fund (formerly ASTON/Fairpointe Focused Equity Fund) |
0.70% of the Fund’s average daily net assets | |
| AMG Managers Fairpointe Mid Cap Fund (formerly ASTON/Fairpointe Mid Cap Fund) |
0.70% for the first $100 million1 0.65% for the next $300 million1 0.60% over $400 million1 | |
| AMG Managers Guardian Capital Global Dividend Fund (formerly ASTON/Guardian Capital Global Dividend Fund) |
0.70% of the Fund’s average daily net assets | |
| AMG Managers Lake Partners LASSO Alternatives Fund (formerly ASTON/Lake Partners LASSO Alternatives Fund) |
0.90% of the Fund’s average daily net assets | |
| AMG Managers LMCG Small Cap Growth Fund (formerly ASTON/LMCG Small Cap Growth Fund) |
0.90% of the Fund’s average daily net assets | |
| AMG Managers Montag & Xxxxxxxx Balanced Fund (formerly ASTON/Montag & Xxxxxxxx Balanced Fund) |
0.65% of the Fund’s average daily net assets | |
| AMG Managers Montag & Xxxxxxxx Growth Fund (formerly ASTON/Montag & Xxxxxxxx Growth Fund) |
0.70% for the first $800 million1 0.50% over $800 million up to $6 billion1 0.45% over $6 billion up to $12 billion1 0.40% over $12 billion1 | |
| 1 | Amounts represent average daily net assets. |
| AMG Managers Montag & Xxxxxxxx Mid Cap Growth Fund (formerly ASTON/Montag & Xxxxxxxx Mid Cap Growth Fund) |
0.75% of the Fund’s average daily net assets | |
| AMG Managers Pictet International Fund (formerly ASTON/Pictet International Fund) |
0.80% of the Fund’s average daily net assets | |
| AMG Managers Silvercrest Small Cap Fund (formerly ASTON/Silvercrest Small Cap Fund) |
0.90% of the Fund’s average daily net assets | |
| AMG Managers Value Partners Asia Dividend Fund (formerly ASTON/Value Partners Asia Dividend Fund) |
0.80% of the Fund’s average daily net assets | |
| AMG River Road Dividend All Cap Value Fund (formerly ASTON/River Road Dividend All Cap Value Fund) |
0.60% of the Fund’s average daily net assets | |
| AMG River Road Dividend All Cap Value Fund II (formerly ASTON/River Road Dividend All Cap Value Fund II) |
0.60% of the Fund’s average daily net assets | |
| AMG River Road Focused Absolute Value Fund (formerly ASTON/River Road Focused Absolute Value Fund) |
0.60% of the Fund’s average daily net assets | |
| AMG River Road Long-Short Fund (formerly ASTON/River Road Long-Short Fund) |
0.85% of the Fund’s average daily net assets | |
| AMG River Road Select Value Fund (formerly ASTON/River Road Select Value Fund) |
0.75% of the Fund’s average daily net assets | |
| AMG River Road Small Cap Value Fund (formerly ASTON/River Road Small Cap Value Fund) |
0.80% of the Fund’s average daily net assets | |
