AMENDMENT NO. 16 TO INVESTMENT ADVISORY AGREEMENT
Execution Version
AMENDMENT NO. 16 TO INVESTMENT ADVISORY AGREEMENT
This AMENDMENT No. 16 to the INVESTMENT ADVISORY AGREEMENT (the “Amendment”) is effective as of January 25 2021, by and among THE VARIABLE ANNUITY LIFE INSURANCE COMPANY (“VALIC”) and VALIC COMPANY I (“VC I”).
RECITALS
WHEREAS, VALIC and VALIC Company I (“VC I”) entered into an Investment Advisory Agreement dated January 1, 2002, as amended (the “Agreement”), with respect to the funds listed in Schedule A (the “Covered Funds”); and
WHEREAS, the parties wish to amend Schedule A to the Agreement to reflect the addition of the Small Cap Growth Fund (the “New Fund”) as a Covered Fund; and
NOW, THEREFORE, in consideration of the mutual promises set forth herein, VALIC and VC I agree as follows:
| 1. | Schedule A Amendment. Schedule A is amended to reflect the addition of the New Fund as a Covered Fund. |
| 2. | Counterparts. This Amendment may be executed in two or more counterparts, each of which shall be an original and all of which together shall constitute one instrument. |
| 3. | Full Force and Effect. Except as expressly supplemented, amended or consented to hereby, all of the representations, warranties, terms, covenants and conditions of the Agreement shall remain unamended and shall continue to be in full force and effect. |
IN WITNESS WHEREOF, the undersigned have executed this Amendment No. 16 as of the date first above written.
| THE VARIABLE ANNUITY LIFE INSURANCE COMPANY | VALIC COMPANY I | |||||||
| By: | /s/ XXXXXX X. XXXX |
By: | /s/ XXXXXXX X. XXXXXXXX | |||||
| Name: | Xxxxxx X. Xxxx | Name: | Xxxxxxx X. Xxxxxxxx | |||||
| Title: | Authorized Signatory | Title: | Treasurer and Principal Financial Officer | |||||
VALIC COMPANY I
AMENDED SCHEDULE A
to Investment Advisory Agreement
(Effective January 25, 2021)
COVERED FUNDS
Annual Fee computed at the following annual rate, based on average monthly net assets value and payable monthly:
| Aggressive Growth Lifestyle Fund |
0.10% | |
| Asset Allocation Fund |
0.50% on the first $300 million | |
| 0.475% on the next $200 million | ||
| 0.45% on assets over $500 million | ||
| Blue Chip Growth Fund |
0.75% on the first $250 million | |
| 0.725% on the next $250 million | ||
| 0.70% on assets over $500 million | ||
| Capital Appreciation Fund |
0.55% on the first $1 billion | |
| 0.525% on assets over $1 billion | ||
| Capital Conservation Fund |
0.50% on the first $250 million | |
| 0.45% on the next $250 million | ||
| 0.40% on the next $500 million | ||
| 0.35% on assets over $1 billion | ||
| Conservative Growth Lifestyle Fund |
0.10% | |
| Core Bond Fund |
0.50% on the first $200 million | |
| 0.45% on the next $300 million | ||
| 0.40% on assets over $500 million | ||
| Core Equity Fund |
0.80% on the first $250 million | |
| 0.75% on the next $250 million | ||
| 0.70% on the next $500 million | ||
| 0.65% on assets over $1 billion | ||
| Dividend Value Fund |
0.75% on the first $250 million | |
| 0.72% on the next $250 million | ||
| 0.67% on the next $500 million | ||
| 0.62% on assets over $1 billion | ||
| Dynamic Allocation Fund |
0.25% on the first $1 billion | |
| 0.22% on the next $1 billion | ||
| 0.20% on assets over $2 billion | ||
| Emerging Economies Fund |
0.81% on the first $250 million | |
| 0.76% on the next $250 million | ||
| 0.71% on the next $500 million | ||
| 0.66% on assets over $1 billion | ||
| Global Real Estate Fund |
0.75% on the first $250 million | |
| 0.70% on the next $250 million | ||
| 0.65% on assets over $500 million | ||
| Global Strategy Fund | 0.50% on the first $500 million | |
| 0.46% on assets over $500 million | ||
| Government Money Market I Fund | 0.40% | |
| Government Securities Fund | 0.50% on the first $250 million | |
| 0.45% on the next $250 million | ||
| 0.40% on the next $500 million | ||
| 0.35% on assets over $1 billion | ||
| Growth Fund | 0.73% on the first $500 million | |
| 0.67% on the next $500 million | ||
| 0.64% on the next $500 million | ||
| 0.61% on assets over $1.5 billion | ||
| Health Sciences Fund | 1.00% on the first $500 million | |
| 0.95% on assets over $500 million | ||
| High Yield Bond Fund | 0.65% on the first $150 million | |
| 0.60% on the next $350 million | ||
| 0.55% over $500 million | ||
| Inflation Protected Fund | 0.50% on the first $250 million | |
| 0.45% on the next $250 million | ||
| 0.40% on assets over $500 million | ||
| International Equities Index Fund | 0.35% on the first $500 million | |
| 0.25% on the next $500 million | ||
| 0.24% on assets over $1 billion | ||
| International Government Bond Fund | 0.50% on the first $250 million | |
| 0.45% on the next $250 million | ||
| 0.40% on the next $500 million | ||
| 0.35% on assets over $1 billion | ||
| International Growth Fund | 0.95% on the first $250 million | |
| 0.90% on the next $250 million | ||
| 0.85% on the next $500 million | ||
| 0.80% on assets over $1 billion | ||
| International Opportunities Fund | 0.90% on the first $100 million | |
| 0.80% on the next $650 million | ||
| 0.75% on assets over $750 million | ||
| International Socially Responsible Fund | 0.50% on the first $500 million | |
| 0.475% on the next $500 million | ||
| 0.45% on assets over $1 billion | ||
| International Value Fund | 0.73% on the first $250 million | |
| 0.68% on the next $250 million | ||
| 0.63% on the next $500 million | ||
| 0.58% on assets over $1 billion | ||
| Large Cap Core Fund | 0.70% on the first $250 million | |
| 0.65% on the next $250 million | ||
| 0.60% on the next $500 million | ||
| 0.55% on assets over $1 billion | ||
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| Large Capital Growth Fund | 0.64% on the first $750 million | |
| 0.59% on assets over $750 million | ||
| Mid Cap Index Fund | 0.35% on the first $500 million | |
| 0.25% on the next $2.5 billion | ||
| 0.20% on the next $2 billion | ||
| 0.15% on assets over $5 billion | ||
| Mid Cap Strategic Growth Fund | 0.70% on the first $250 million | |
| 0.65% on the next $250 million | ||
| 0.60% on assets over $500 million | ||
| Mid Cap Value Fund | 0.75% on the first $100 million | |
| 0.725% on the next $150 million | ||
| 0.70% on the next $250 million | ||
| 0.675% on the next $250 million | ||
| 0.65% over $750 million | ||
| Moderate Growth Lifestyle Fund | 0.10% | |
| Nasdaq-100® Index Fund | 0.40% on the first $250 million | |
| 0.38% on the next $250 million | ||
| 0.36% on assets over $500 million | ||
| Science & Technology Fund | 0.90% on the first $500 million | |
| 0.85% on assets over $500 million | ||
| Small Cap Aggressive Growth Fund | 0.85% on the first $250 million | |
| 0.75% on assets over $250 million | ||
| Small Cap Fund | 0.90% on the first $250 million | |
| 0.85% on the next $250 million | ||
| 0.80% on the next $500 million | ||
| 0.75% on assets over $1 billion | ||
| Small Cap Growth Fund | 0.85% on the first $100 million | |
| 0.80% on assets over $100 million | ||
| Small Cap Index Fund | 0.35% on the first $500 million | |
| 0.25% on the next $2.5 billion | ||
| 0.20% on the next $2 billion | ||
| 0.15% on assets over $5 billion | ||
| Small Cap Special Values Fund | 0.75% on the first $500 million | |
| 0.70% on assets over $500 million | ||
| Small Cap Value Fund | 0.75% on the first $50 million | |
| 0.65% on assets over $50 million | ||
| Small-Mid Growth Fund | 0.85% on the first $250 million | |
| 0.75% on assets over $250 million | ||
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| Stock Index Fund |
0.35% on the first $500 million | |
| 0.25% on the next $2.5 billion | ||
| 0.20% on the next $2 billion | ||
| 0.15% on assets over $5 billion | ||
| Systematic Core Fund |
0.75% on the first $500 million | |
| 0.725% on assets over $500 million | ||
| Systematic Value Fund |
0.70% on the first $250 million | |
| 0.65% on the next $250 million | ||
| 0.60% on the next $500 million | ||
| 0.55% on assets over $1 billion | ||
| U.S. Socially Responsible Fund |
0.25% on the first $1 billion | |
| 0.24% on assets over $1 billion | ||
| Value Fund |
0.78% on the first $250 million | |
| 0.73% on the next $250 million | ||
| 0.68% on the next $500 million | ||
| 0.63% on assets over $1 billion | ||
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