Dated as of: December 11, 2020

TENTH AMENDED SCHEDULE A

to the

EXPENSE LIMITATION AGREEMENT

OPERATING EXPENSE LIMITS

Fund Name	Class of Shares	Maximum Operating Expense Limit1
JOHCM Emerging Markets Opportunities Fund	Institutional Class I Class II	109 basis points (bps) 119bps 134bps
JOHCM Global Equity Fund	Institutional Class I Class II	99bps3 109bps3 124bps3
JOHCM International Select Fund	Class I Class II	105bps 130bps
JOHCM International Small Cap Equity Fund	Institutional Class I Class II	124bps 134bps 149bps
JOHCM Emerging Markets Small Mid Cap Equity Fund	Institutional Class I Class II Class III	154bps 164bps 179bps 204bps
JOHCM International Opportunities Fund	Institutional Class I Class II	89bps 99bps 114bps
JOHCM Global Income Builder Fund	Institutional Class I Class II	73bps2 83bps2 98bps2
JOHCM Credit Income Fund	Institutional Class I Class II	59bps2 69bps2 84bps2

ADVISERS INVESTMENT TRUST	JO HAMBRO CAPITAL	JO HAMBRO CAPITAL
	MANAGEMENT LIMITED	MANAGEMENT LIMITED
By: /s/ Barbara J. Nelligan	By: /s/ Jonathan Weitz	By: /s/ S D Lynn
Name: Barbara J. Nelligan	Name: Jonathan Weitz	Name: S D Lynn
Title: President	Title: COO, US	Title: Director

¹  Expressed as a percentage of a Fund’s average daily net assets.

²  Effective September 14, 2020 through January 28, 2023 at which time it will be subject to automatic renewal upon the effective date of the annual update to the Funds’ registration statement.

³  Effective December 11, 2020 through January 28, 2023 at which time it will be subject to automatic renewal upon the effective date of the annual update to the Funds’ registration statement.