LETTER AGREEMENT Amended and Restated Expense Reimbursement Agreement
Amended and Restated Expense Reimbursement Agreement
January 1, 2017
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Attn: Compliance
Re: | Amended and Restated Expense Reimbursement Agreement between AMG Funds IV (the “Trust”) and AMG Funds LLC (the “Adviser”), dated as of October 1, 2016 (the “Expense Reimbursement Agreement”) |
Ladies and Gentlemen:
Pursuant to Section 4.5 of the Expense Reimbursement Agreement, the Adviser is hereby requesting to amend and restate Schedule A to the Expense Reimbursement Agreement, effective as of the date hereof, to reflect revised operating expense limits (the “New Operating Expense Limits”) for AMG River Road Long-Short Fund and AMG River Road Select Value Fund, each a series of the Trust, that have been agreed to by the Adviser and the Trust. Attached as Appendix A is an amended and restated Schedule A to the Expense Reimbursement Agreement setting forth, among other things, the New Operating Expense Limits for AMG River Road Long-Short Fund and AMG River Road Select Value Fund.
Please acknowledge your agreement to the amended and restated Schedule A, including the New Operating Expense Limits, 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 LLC | ||
By: | /s/ Xxxxxx X. Xxxxx | |
Name: Xxxxxx X. Xxxxx | ||
Title: Chief Operating Officer |
ACKNOWLEDGED AND ACCEPTED | ||
AMG Funds IV | ||
By: | /s/ Xxxxxx X. Xxxxxx | |
Name: Xxxxxx X. Xxxxxx | ||
Title: Treasurer, Chief Financial Officer and Principal Financial Officer | ||
Date: January 1, 2017 |
Appendix A
AMENDED AND RESTATED
SCHEDULE A
Fund |
Current Term |
Operating Expense Limit | ||||
AMG Managers Anchor Capital Enhanced Equity Fund |
February 28, 2018 | 1.07% | ||||
AMG Managers DoubleLine Core Plus Bond Fund |
February 28, 2018 | 0.61% | ||||
AMG Managers Fairpointe Focused Equity Fund |
February 28, 2018 | 0.82% | ||||
AMG Managers Guardian Capital Global Dividend Fund |
February 28, 2018 | 1.05% | ||||
AMG Managers Lake Partners LASSO Alternatives Fund |
February 28, 2018 | 1.09% | ||||
AMG Managers LMCG Small Cap Growth Fund |
February 28, 2018 | 1.03% | ||||
AMG Managers Montag & Xxxxxxxx Mid Cap Growth Fund |
February 28, 2018 | 0.95% |
Fund |
Current Term |
Operating Expense Limit | ||||
AMG Managers Pictet International Fund |
February 28, 2018 | 1.08% | ||||
AMG Managers Silvercrest Small Cap Fund |
February 28, 2018 | 1.08% | ||||
AMG Managers Value Partners Asia Dividend Fund |
February 28, 2018 | 1.15% | ||||
AMG River Road Dividend All Cap Value Fund II |
February 28, 2018 | 0.99% | ||||
AMG River Road Focused Absolute Value Fund |
February 28, 2018 | 0.71% | ||||
AMG River Road Long-Short Fund |
February 28, 2018 | 1.12% | ||||
AMG River Road Select Value Fund |
February 28, 2018 | 1.04% |