SEVENTH AMENDMENT TO INVESTMENT MANAGEMENT AGREEMENT II

SEVENTH AMENDMENT

TO

INVESTMENT MANAGEMENT AGREEMENT II

This seventh amendment (the “Amendment”) to the Investment Management Agreement II is made as of the 31st day of May, 2024 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 implement a name change for the existing AQR Sustainable Long-Short Equity Net Zero Carbon Fund to AQR Trend Total Return 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.

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IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written above.

 

AQR FUNDS						AQR CAPITAL MANAGEMENT, LLC
By:		/s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇				By:		/s/ ▇▇▇▇▇ ▇▇▇▇▇▇
Name:		▇▇▇▇▇▇ ▇▇▇▇▇▇▇				Name:		▇▇▇▇▇ ▇▇▇▇▇▇
Title:		Chief Legal Officer, Secretary and				Title:		Managing Director
Vice President

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EXHIBIT A

(Amended as of August 19, 2024)

 

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		[ ]			1.15	%
AQR Alternative Risk Premia Fund		September 19, 2017			1.20	%
AQR Core Plus Bond Fund		April 5, 2018			0.32	%
AQR High Yield Bond Fund		[  ]			0.55	%
AQR Diversifying Strategies Fund		June 8, 2020			0.00	%
AQR Trend Total Return Fund		December 15, 2021			1.05	%