VIRTUS ASSET TRUST FIRST AMENDMENT TO INVESTMENT ADVISORY AGREEMENT
Exhibit 99 d.1.a
FIRST AMENDMENT TO
THIS AMENDMENT, effective as of the 1st day of December 2018 amends that certain Investment Advisory Agreement dated as of June 12, 2017 (the “Agreement”), by and between Virtus Asset Trust, a Delaware business trust (the “Trust”), and Virtus Fund Advisers, LLC, a Delaware corporation (the “Adviser”) as follows:
| 1. | All references to the series Virtus Conservative Allocation Strategy Fund and Virtus Growth Allocation Strategy Fund are hereby deleted. |
| 2. | Schedule A is hereby deleted and Schedule A attached hereto is substituted in its place to reflect changes in Xxxxxx Xxxxxxxxxxx Innovative Growth Stock Fund’s investment advisory fee. |
| 3. | Except as expressly amended hereby, all provisions of the Agreement shall remain in full force and effect and are unchanged in all other respects. All initial capitalized terms used but not defined herein shall have the meanings ascribed thereto in the Agreement, as amended. |
| 4. | This Agreement may be executed in any number of counterparts (including executed counterparts delivered and exchanged by facsimile transmission) with the same effect as if all signing parties had originally signed the same document, and all counterparts shall be construed together and shall constitute the same instrument. For all purposes, signatures delivered and exchanged by facsimile transmission shall be binding and effective to the same extent as original signatures. |
[signature page follows]
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their duly authorized officers as of the day and year first written above.
| VIRTUS ASSET TRUST | ||
| By: | /s/ W. Xxxxxxx Xxxxxxx | |
| Name: | W. Xxxxxxx Xxxxxxx | |
| Title: | Executive Vice President, Chief Financial Officer & Treasurer | |
| VIRTUS FUND ADVISERS, LLC | ||
| By: | /s/ Xxxxxxx X. Xxxxxxx | |
| Name: | Xxxxxxx X. Xxxxxxx | |
| Title: | Executive Vice President | |
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SCHEDULE A
Breakpoint Advisory Fee Schedules and Discounts:
Equity and Fixed Income Funds:
First $500 million = None (no discount from full fee)
Next $500 million = 5% discount from full fee
Next $4.0 billion = 10% discount from full fee
Over $5.0 billion = 15% discount from full fee
Equity Funds
| Series | Annual Investment Advisory Fee | |||
| Virtus Ceredex Large Cap Value Equity Fund | 0.70 | % | ||
| Virtus Ceredex Mid-Cap Value Equity Fund | 0.75 | % | ||
| Virtus Ceredex Small Cap Value Equity Fund | 0.85 | % | ||
| Virtus Silvant Large Cap Growth Stock Fund | 0.70 | % | ||
| Virtus Silvant Small Cap Growth Stock Fund | 0.85 | % | ||
| Virtus WCM International Equity Fund | 0.85 | % | ||
| Xxxxxx Xxxxxxxxxxx Innovative Growth Stock Fund | 0.80 | % | ||
Fixed Income Funds
| Series | Annual Investment Advisory Fee | |||
| Virtus Seix Core Bond Fund | 0.25 | % | ||
| Virtus Seix Corporate Bond Fund | 0.40 | % | ||
| Virtus Seix Floating Rate High Income Fund | 0.45 | % | ||
| Virtus Seix Georgia Tax-Exempt Bond Fund | 0.50 | % | ||
| Virtus Seix High Grade Municipal Bond Fund | 0.50 | % | ||
| Virtus Seix High Income Fund | 0.55 | % | ||
| Virtus Seix High Yield Fund | 0.45 | % | ||
| Virtus Seix Investment Grade Tax-Exempt Bond Fund | 0.50 | % | ||
| Virtus Seix North Carolina Tax-Exempt Bond Fund | 0.50 | % | ||
| Virtus Seix Short-Term Bond Fund | 0.40 | % | ||
| Virtus Seix Short-Term Municipal Bond Fund | 0.35 | % | ||
| Virtus Seix Total Return Bond Fund | 0.25 | % | ||
| Virtus Seix U.S. Government Securities Ultra-Short Bond Fund | 0.20 | % | ||
| Virtus Seix U.S. Mortgage Fund | 0.40 | % | ||
| Virtus Seix Ultra-Short Bond Fund | 0.22 | % | ||
| Virtus Seix Virginia Intermediate Municipal Bond Fund | 0.50 | % | ||
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