TRANSAMERICA FUNDS AMENDMENT TO SUB-ADVISORY AGREEMENT BETWEEN TRANSAMERICA ASSET MANAGEMENT, INC. AND AEGON USA INVESTMENT MANAGEMENT, LLC
Exhibit (d)(3)(i)
AMENDMENT TO SUB-ADVISORY AGREEMENT BETWEEN
TRANSAMERICA ASSET MANAGEMENT, INC. AND
AEGON USA INVESTMENT MANAGEMENT, LLC
THIS AMENDMENT is made as of March 1, 2014 to the Sub-Advisory Agreement dated as of March 22, 2011, as amended, (the “Agreement”) between Transamerica Asset Management, Inc. and Aegon USA Investment Management, LLC.
In consideration of the mutual covenants contained herein, the parties agree as follows:
| 1. | Schedule A. Schedule A to the Agreement is hereby deleted entirely and replaced as follows: |
| FUNDS |
SUB-ADVISER COMPENSATION* | |
| Transamerica Flexible Income | 0.175% of the first $250 million; 0.125% over $250 million up to $350 million; and 0.0875% over $350 million, less 50% of any amount reimbursed pursuant to the Fund’s expense limitation | |
| Transamerica Floating Rate | 0.25% of the first $1 billion; 0.23% over $1 billion up to $1.5 billion; 0.22% over $1.5 billion up to $2 billion; and 0.21% over $2 billion | |
| Transamerica Intermediate Bond | 0.12% of the first $1 billion; and 0.05% over $1 billion | |
| Transamerica Money Market | 0.15% of average daily net assets | |
| Transamerica Short-Term Bond | 0.25% of the first $250 million; 0.20% over $250 million up to $500 million; 0.175% over $500 million up to $1 billion; and 0.15% over $1 billion | |
| Transamerica Tactical Allocation | 0.10% of the first $250 million; 0.09% over $250 million up to $500 million; 0.08% over $500 million up to $1.5 billion; 0.07% over $1.5 billion up to $2.5 billion; and 0.06% over $2.5 billion** | |
| Transamerica Tactical Income | 0.07% of the first $250 million; 0.06% over $250 million up to $500 million; 0.05% over $500 million up to $1.5 billion; 0.04% over $1.5 billion up to $2.5 billion; and 0.03% over $2.5 billion | |
| Transamerica Tactical Rotation | 0.10% of the first $250 million; 0.09% over $250 million up to $500 million; 0.08% over $500 million up to $1.5 billion; 0.07% over $1.5 billion up to $2.5 billion; and 0.06% over $2.5 billion** | |
| * | As a percentage of average daily net assets on an annual basis. |
| ** | The average daily net assets for the purpose of calculating sub-advisory fees will be determined on a combined basis with Transamerica Tactical Allocation and Transamerica Tactical Rotation. |
In all other respects, the Agreement dated as of March 22, 2011, as amended, is confirmed and remains in full force and effect.
The parties hereto have caused this amendment to be executed as of March 1, 2014.
| TRANSAMERICA ASSET MANAGEMENT, INC. | ||
| By: | /s/ Xxxxxxxxxxx X. Xxxxxxx | |
| Name: | Xxxxxxxxxxx X. Xxxxxxx | |
| Title: | Senior Vice President, Chief Investment Officer, Advisory Services | |
| AEGON USA INVESTMENT MANAGEMENT, LLC | ||
| By: | /s/ Xxxxxxxxx X. Xxxxxx | |
| Name: | Xxxxxxxxx X. Xxxxxx | |
| Title: | Senior Vice President and Chief Financial Officer | |
