AMENDMENT TO SUB-ADVISORY BETWEEN TRANSAMERICA ASSET MANAGEMENT, INC. AND CLARIVEST ASSET MANAGEMENT, LLC
Exhibit (d)(16)(i)
AMENDMENT TO SUB-ADVISORY BETWEEN
TRANSAMERICA ASSET MANAGEMENT, INC. AND
CLARIVEST ASSET MANAGEMENT, LLC
THIS AMENDMENT is made as of September 18, 2020, to the Sub-Advisory Agreement dated March 31, 2019 (the “Agreement”), between Transamerica Asset Management, Inc. (the “Investment Adviser”) and ClariVest Asset Management, LLC (the “Sub-Adviser”). In consideration of the mutual covenants contained herein, the parties agree as follows:
1. | The Relationship Pricing discount presently a part of Schedule A will be suspended until such time a second fund is added to the Schedule A. The Relationship Pricing discount will automatically be reinstated once a second fund is added to Schedule A; and |
2. | Schedule A to the Agreement is hereby deleted and replaced in its entirety with the attached revised Schedule A, and all references in the Agreement to Schedule A shall be deemed to refer to the attached Schedule A. |
In all other respects, the Sub-Advisory Agreement dated March 31, 2019, as amended, is confirmed and remains in full force and effect.
TRANSAMERICA ASSET MANAGEMENT, INC. | ||
By: | /s/ Xxxxxxxxxxx X. Xxxxxxx | |
Name: | Xxxxxxxxxxx X. Xxxxxxx | |
Title: | Senior Vice President | |
CLARIVEST ASSET MANAGEMENT, LLC | ||
By: | /s/ Xxxxxxx X. Xxxxx | |
Name: | Xxxxxxx X. Xxxxx | |
Title: | Executive Vice President, General Counsel and Chief Compliance Officer |
Schedule A
FUNDS |
INVESTMENT SUB-ADVISORY FEE* | |
Transamerica International Stock |
0.25% of assets up to $500 million; | |
0.23% of assets over $500 million up to $1 billion; | ||
0.22% of assets over $1 billion up to $2 billion; | ||
0.21% of assets over $2 billion up to $3 billion; | ||
0.20% of net assets in excess of $3 billion |
* | As a percentage of average daily net assets on an annual basis. |
Relationship Pricing: ClariVest Asset Management LLC
Fee Type |
Breakpoints | |||||||||||||||
$0 - $500M | $500M - $1.5B |
$1.5B - $3B | Over $3B | |||||||||||||
Sub-Advisory Discount1 |
0.0 | % | 5.0 | % | 7.5 | % | 10.0 | % |
1 | Sub-advisory discount will apply to all Funds and Portfolios when there are two or more funds listed in Schedule A specifically sub-advised by ClariVest Asset Management LLC that do not benefit from aggregation across like strategies. |