AMENDMENT NO. 1 TO THE INVESTMENT SUB-ADVISORY AGREEMENT
Exhibit d(6)(l)
AMENDMENT NO. 1
TO THE
INVESTMENT SUB-ADVISORY AGREEMENT
This AMENDMENT NO. 1 to the INVESTMENT SUB-ADVISORY AGREEMENT (“Amendment”) is dated as of October 1, 2019, by and between THE VARIABLE ANNUITY LIFE INSURANCE COMPANY, a Texas life insurer (the “Adviser”), and SUNAMERICA ASSET MANAGEMENT, LLC, a Delaware limited liability company (the “Subadviser”).
WITNESSETH:
WHEREAS, the Adviser and VALIC Company I, a Maryland corporation (the “Company”), have entered into an Investment Advisory and Management Agreement dated as of January 1, 2002 (the “Advisory Agreement”), pursuant to which the Adviser has agreed to provide investment management, advisory and administrative services to the Company; and
WHEREAS, the Company is registered under the Investment Company Act of 1940, as amended (the “Act”), as an open-end management investment company; and
WHEREAS, the Adviser and the Subadviser are parties to an Investment Sub-Advisory Agreement dated June 16, 2014, as amended from time to time (the “Subadvisory Agreement”), pursuant to which the Subadviser furnishes investment advisory services to certain investment series of the Company, as listed on Schedule A to the Subadvisory Agreement; and
WHEREAS, the Adviser and the Subadviser wish to amend and restate Schedule A to the Subadvisory Agreement as attached hereto.
NOW, THEREFORE, the parties hereby agree as follows:
1. | Schedule A to the Subadvisory Agreement is hereby amended and restated as attached hereto. |
2. | 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. | Except as expressly supplemented, amended or consented to hereby, all of the representations, warranties, terms, covenants, and conditions of the Subadvisory Agreement shall remain unchanged and shall continue to be in full force and effect. |
4. | Capitalized terms used but not defined herein shall have the meanings assigned to them in the Subadvisory Agreement. |
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IN WITNESS WHEREOF, the parties have caused their respective duly authorized officers to execute this Amendment as of the date first above written.
THE VARIABLE ANNUITY LIFE INSURANCE COMPANY |
By:/s/ Xxxxxx X. Xxxx |
Name: Xxxxxx X. Xxxx |
Title: Vice President |
SUNAMERICA ASSET MANAGEMENT, LLC | ||||||
|
By: |
/s/ Xxxx X. Xxxxx | ||||
Name: |
Xxxx X. Xxxxx | |||||
Title: |
Senior Vice President, Chief Financial Officer and Chief Operating Officer |
SCHEDULE A
Effective [ ], 2019
Annual Fee computed at the following annual rate, based on average daily net asset value for each month on that portion of the assets managed by SUB-ADVISER, and payable monthly:
Covered Fund | Fee | |
Global Social Awareness Fund |
0.25% on first $500 million | |
0.225% on next $500 million | ||
0.20% on assets over $1 billion | ||
Growth Fund1 |
0.02% on the first $2 billion | |
0.01% on assets over $2 billion | ||
International Equities Fund |
0.10% on first $1 billion | |
0.09% on assets over $1 billion |
1 Subadviser shall be paid a composite fee based on the aggregate assets it manages for the Growth Fund and the VALIC Company I Stock Index Fund.