WELLINGTON MANAGEMENT COMPANY LLP
Exhibit 99.(h)(vii)(f)
WELLINGTON MANAGEMENT COMPANY LLP
000 Xxxxxxxx Xxxxxx
Xxxxxx, Xxxxxxxxxxxxx 00000
SunAmerica Asset Management, LLC
Harborside Financial Center
0000 Xxxxx 0
Xxxxxx Xxxx, XX 00000-0000
Re: Waiver of Portion of Subadvisory Fee in Connection with Investment in the SunAmerica Commodity Strategy Cayman Fund Ltd.
Dear Sir or Madam:
Reference is made to the Subadvisory Agreement by and between SunAmerica Asset Management, LLC, a Delaware limited liability company (the “Adviser”), and Wellington Management Company LLP, a Delaware limited liability partnership (“Wellington”), dated as of May 26, 2011 (as amended, restated or otherwise modified from time to time, the “Subadvisory Agreement”) with respect to the SunAmerica Commodity Strategy Fund (the “Fund”), a series of SunAmerica Specialty Series, a Delaware statutory trust (the “Trust”).
Pursuant to the Subadvisory Agreement, the Adviser pays a monthly subadvisory fee to Wellington as soon as practicable after the end of each month, based upon the average daily net asset value of the Fund, during the preceding month, at the annual rate specified in such agreement (the “Fund Subadvisory Fee”), as further described therein.
The Fund intends to invest in the SunAmerica Commodity Strategy Cayman Fund Ltd., a Cayman Islands exempted company (the “Subsidiary”) in respect of which Wellington (i) provides subadvisory services and (ii) receives a subadvisory fee (the “Subsidiary Subadvisory Fee”) from the Adviser pursuant to a subadvisory agreement by and between the Adviser and Wellington dated as of September 21, 2015 (as amended, restated or otherwise modified from time to time, the “Subsidiary Agreement”).
In consideration of the Subsidiary Subadvisory Fee paid by the Adviser to Wellington, and for as long as the Subsidiary Agreement remains in effect, Wellington agrees to waive irrevocably all or any portion of the Fund Subadvisory Fee that would otherwise be paid by the Adviser to Wellington in any period in an amount equal to the amount of the Subsidiary Subadvisory Fee, if any, actually paid by the Adviser to Wellington under the Subsidiary Agreement during such period.
This letter and the rights and obligations of the parties hereunder will be governed by, and interpreted, construed and enforced in accordance with, the laws of the State of Delaware without regard to the choice of law or conflicts of law principles thereof that would result in the application of the law of any other jurisdiction.
[Signature Page Follows]
Please confirm your understanding of and agreement with the subject matter herein by returning an originally executed copy of this letter to the address first written above.
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Very truly yours, | ||
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WELLINGTON MANAGEMENT COMPANY LLP | ||
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Name: | ||
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Title: | ||
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ACKNOWLEDGED AND AGREED |
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SUNAMERICA ASSET MANAGEMENT, LLC |
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