AMENDMENT TO SUB-ADVISORY AGREEMENT BETWEEN TRANSAMERICA ASSET MANAGEMENT, INC. AND J.P. MORGAN INVESTMENT MANAGEMENT INC.
Exhibit 99(d)(37)(i)(b)
AMENDMENT
TO SUB-ADVISORY AGREEMENT BETWEEN
TRANSAMERICA ASSET MANAGEMENT, INC. AND
X.X. XXXXXX INVESTMENT MANAGEMENT
INC.
THIS AMENDMENT is made as of March 22, 2011 to the Sub-Advisory Agreement dated as of November 7, 2005, as amended (the “Agreement”), between Transamerica Asset Management, Inc. (“TAM”) and X.X. Xxxxxx Investment Management Inc. (the “Sub-Adviser”).
In consideration of the mutual covenants contained herein, the parties agree as follows:
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1. |
Schedule A. Schedule A to the Agreement is hereby deleted and replaced in its entirety with the attached 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 Agreement dated November 7, 2005, as amended, is confirmed and remains in full force and effect.
The parties hereto have caused this amendment to be executed as of March 22, 2011.
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TRANSAMERICA ASSET MANAGEMENT, INC. |
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By: |
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Name: Xxxxxxxxxxx X. Xxxxxxx |
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Title: Senior Vice President and Chief Investment Officer |
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X.X. XXXXXX INVESTMENT MANAGEMENT INC. |
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By: |
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Name: |
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Title: |
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SCHEDULE A
as of March 22, 2011
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FUNDS |
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SUB-ADVISER COMPENSATION* |
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Transamerica JPMorgan International Bond |
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First $100 million |
0.20 |
% |
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Over $100 million up to $250 million |
0.17 |
% |
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Over $250 million up to $500 million |
0.16 |
% |
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Over $500 million up to $1 billion |
0.15 |
% |
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Over $1 billion |
0.12 |
% |
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Transamerica JPMorgan Core Bond |
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First $750 million |
0.20 |
% |
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Over $750 million up to $1 billion |
0.175 |
% |
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Over $1 billion |
0.15 |
% |
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Transamerica JPMorgan Long/Short Strategy |
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0.90 |
% |
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Transamerica Multi-Managed Balanced** |
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0.25 |
%*** |
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* |
As a percentage of average daily net assets on an annual basis. |
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** |
With respect to such portion of the Fund’s assets as shall be allocated to X.X. Xxxxxx Investment Management Inc. by TAM from time to time. |
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*** |
The average daily net assets for the purpose of calculating sub-advisory fees will be determined on a combined basis with Transamerica Partners Balanced Portfolio (a series of Transamerica Partners Portfolios); Transamerica JPMorgan Enhanced Index VP (a series of Transamerica Series Trust); and the portion of the assets of Transamerica Multi-Managed Balanced VP (a series of Transamerica Series Trust) and Transamerica Multi-Managed Balanced, allocated to and sub-advised by X.X. Xxxxxx Investment Management Inc. |
