SEVENTH AMENDMENT

TO

THIRD AMENDED AND RESTATED

INVESTMENT MANAGEMENT AGREEMENT

This SEVENTH amendment (the “Amendment”) to the Third Amended and Restated Investment Management Agreement is made as of the May 29, 2025 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 a Third Amended and Restated Investment Management Agreement dated and effective as of January 29, 2017, as amended (the “Agreement”); and

WHEREAS, the parties hereto wish to amend Exhibit A of the Agreement in order to remove the AQR Risk Parity II MV 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.

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

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

EXHIBIT A

(Amended as of May 29, 2025)

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 Multi-Asset Fund		June 10, 2010	0.60%
AQR Diversified Arbitrage Fund		October 1, 2010	1.00%
AQR Long-Short Equity Fund		July 16, 2013	1.10%
AQR Managed Futures Strategy HV Fund		July 16, 2013	1.45%
AQR Style Premia Alternative Fund		October 30, 2013	1.30%
AQR Managed Futures Strategy Fund		January 5, 2010	1.05%
AQR Risk-Balanced Commodities Strategy Fund		July 9, 2012	0.80%
AQR Macro Opportunities Fund		April 8, 2014	1.00%
AQR Equity Market Neutral Fund		September 17, 2014	1.10%
AQR Large Cap Momentum Style Fund		July 9, 2009 (Class L); December 17, 2012 (Class N)	0.25%
AQR Small Cap Momentum Style Fund		July 9, 2009 (Class L); December 17, 2012 (Class N)	0.45%
AQR International Momentum Style Fund		July 9, 2009 (Class L); December 17, 2012 (Class N)	0.40%

AQR Large Cap Defensive Style Fund	July 9, 2012	0.25%
AQR International Defensive Style Fund	July 9, 2012	0.40%
AQR Large Cap Multi-Style Fund	March 26, 2013	0.25%
AQR Small Cap Multi Style Fund	March 26, 2013	0.45%
AQR International Multi-Style Fund	March 26, 2013	0.40%
AQR Emerging Multi-Style II Fund	February 12, 2015	0.50%
AQR Global Equity Fund	December 31, 2009	0.60%
AQR International Equity Fund	August 28, 2009	0.65%