AMENDMENT TO SUB-ADVISORY AGREEMENT BETWEEN TRANSAMERICA ASSET MANAGEMENT, INC. AND AEGON USA INVESTMENT MANAGEMENT, LLC
Exhibit (d)(18)
AMENDMENT TO SUB-ADVISORY AGREEMENT BETWEEN
TRANSAMERICA ASSET MANAGEMENT, INC. AND
AEGON USA INVESTMENT MANAGEMENT, LLC
THIS AMENDMENT is made as of May 1, 2014 to the Sub-Advisory Agreement dated as of March 1, 2013, 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:
| Portfolios |
Investment Sub-Advisory Fee1 | |
| Transamerica Partners Core Bond Portfolio2 |
0.12% of the first $1 billion 0.05% in excess of $1 billion | |
| Transamerica Partners Balanced Portfolio3 |
0.12% of the first $1 billion 0.05% in excess of $1 billion | |
| Transamerica Partners High Yield Bond Portfolio4 |
0.35% of the first $20 million 0.25% over $20 million up to $40 million 0.20% over $40 million up to $125 million 0.15% in excess of $125 million | |
| Transamerica Partners Money Market Portfolio5 |
0.05% | |
| 1 | As a percentage of daily net assets on an annual basis. |
| 2 | The calculation of the sub-advisory fees will be based on the combined average daily net assets of Transamerica Intermediate Bond, Transamerica Partners Balanced Portfolio, Transamerica Multi-Managed Balanced and Transamerica Multi-Managed Balanced VP. |
| 3 | The calculation of the sub-advisory fees will be based on the combined average daily net assets of Transamerica Intermediate Bond, Transamerica Partners Core Bond Portfolio, Transamerica Multi-Managed Balanced and Transamerica Multi-Managed Balanced VP. |
| 4 | The calculation of the sub-advisory fees will be based on the combined average daily net assets of Transamerica Partners Hgh Yield Bond Portfolio, Transamerica High Yield Bond and Transamerica Aegon High Yield Bond VP. |
| 5 | Aegon USA Investment Management, LLC hereby agrees to voluntarily waive its sub-advisory fee to 0.04% of the Portfolio’s average daily net assets. This waiver is voluntary and may be discontinued at any time. |
In all other respects, the Agreement dated as of March 1, 2013, as amended, is confirmed and remains in full force and effect.
The parties hereto have caused this amendment to be executed as of May 1, 2014.
| TRANSAMERICA ASSET MANAGEMENT, INC. | ||
| By: |
| |
| Name: | Xxxxxxxxxxx X. Xxxxxxx | |
| Title: | Senior Vice President, Chief Investment Officer, Advisory Services | |
| AEGON USA INVESTMENT MANAGEMENT, LLC | ||
| By: |
| |
| Name: | ||
| Title: | ||
