LETTER AGREEMENT
Sub-Investment Advisory Agreement
July 1, 2022
River Road Asset Management, LLC
462 South Fourth Street, Suite 2000
Louisville, Kentucky 40202
Attn: Chief Compliance Officer
Re: | Sub-Investment Advisory Agreement between AMG Funds LLC (the Adviser) and River Road Asset Management, LLC (the Subadviser), dated as of June 30, 2014, and as amended from time to time (the Subadvisory Agreement) |
Ladies and Gentlemen:
Pursuant to Section 13 of the Subadvisory Agreement, the Adviser hereby notifies you that Schedule B to the Subadvisory Agreement is amended and restated, effective as of the date hereof, to reflect a revised subadvisory fee (the New Subadvisory Fee) that has been agreed to by the Adviser and the Subadviser with respect to AMG River Road Dividend All Cap Value Fund, a series of AMG Funds IV (the Trust). Attached as Appendix A is an amended and restated Schedule B to the Subadvisory Agreement setting forth, among other things, the fee that the Adviser will pay the Subadviser with respect to AMG River Road Dividend All Cap Value Fund pursuant to Section 2(a) of the Subadvisory Agreement.
Please acknowledge your agreement to the amended and restated Schedule B, including the New Subadvisory 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 LLC | ||
By: | /s/ Keitha L. Kinne | |
Name: Keitha L. Kinne | ||
Title: Chief Operating Officer |
ACKNOWLEDGED AND ACCEPTED | ||
River Road Asset Management, LLC | ||
By: | /s/ Thomas D. Mueller | |
Name: Thomas D. Mueller, CFA, CPA | ||
Title: Chief Operating Officer / Chief Compliance Officer | ||
Date: 6/14/22 |
Appendix A
AMENDED AND RESTATED
SCHEDULE B
Fund |
Annual Fee Rate | |
AMG River Road Dividend All Cap Value Fund (formerly, ASTON/River Road Dividend All Cap Value Fund) |
[ ]% | |
AMG River Road Focused Absolute Value Fund (formerly, ASTON/River Road Focused Absolute Value Fund) |
[ ]% | |
AMG River Road Small Cap Value Fund (formerly, ASTON/River Road Small Cap Value Fund) |
[ ]% | |
AMG River Road Small-Mid Cap Value Fund (formerly, AMG River Road Select Value Fund, which was formerly ASTON/River Road Select Value Fund) |
[ ]% | |
AMG River Road International Value Equity Fund (formerly, AMG River Road Long-Short Fund, which was formerly ASTON/River Road Long-Short Fund) |
[ ]% |