AMENDMENT TO INVESTMENT SUBADVISORY AGREEMENT THOMPSON, SIEGEL & WALMSLEY LLC
AMENDMENT TO INVESTMENT SUBADVISORY AGREEMENT
XXXXXXXX, XXXXXX & XXXXXXXX LLC
THIS AMENDMENT is made as of May 1, 2024, to the Sub-Advisory Agreement dated as of January 23, 2023, as amended, (the “Agreement”) between Transamerica Asset Management, Inc. and Xxxxxxxx, Xxxxxx & Xxxxxxxx LLC.
In consideration of the mutual covenants contained herein, the parties agree as follows:
Schedule A. Schedule A to the Agreement is hereby deleted entirely and replaced as follows:
Schedule A
| PORTFOLIOS | INVESTMENT SUB-ADVISORY FEE* | |
| Transamerica TSW International Equity VP** | 0.30% of assets up to $1 billion; 0.28% over $1 billion up to $2 billion; and 0.265% over $2 billion | |
| Transamerica TSW Mid Cap Value Opportunities VP*** | 0.275% of the first $750 million; 0.27% over $750 million up to $1.5 billion; 0.265% over $1.5 billion up to $2 billion; and 0.26% over $2 billion | |
| Transamerica Small/Mid Cap Value VP*** | 0.275% of the first $750 million; 0.27% over $750 million up to $1.5 billion; 0.265% over $1.5 billion up to $2 billion; and 0.26% over $2 billion |
* As a percentage of average daily net assets on an annual basis.
** The average daily net assets for purposes of calculating sub-advisory fees will be based on the aggregate daily net assets of Transamerica International Equity, a series of Transamerica Funds, and Transamerica TSW International Equity VP, a series of Transamerica Series Trust.
*** The average daily net assets for the purpose of calculating sub-advisory fees will be based on the aggregate average daily net assets of Transamerica Mid Cap Value Opportunities and the portion of the assets of Transamerica Small/Mid Cap Value that is sub-advised by Xxxxxxxx, Xxxxxx & Xxxxxxxx LLC (“TSW”), each a series of Transamerica Funds, and Transamerica TSW Mid Cap Value Opportunities VP and the portion of assets of Transamerica Small/Mid Cap Value VP that is sub-advised by TSW, each a series of Transamerica Series Trust. Effective May 1, 2024, TSW agreed to voluntarily waive a portion of its sub-advisory fee (as a percentage of net assets) when the assets of these mandates, in the aggregate, exceed a specified level. This waiver is voluntary and may be discontinued by TSW upon obtaining consent from TAM.
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The parties hereto have caused this Agreement to be executed by their duly authorized signatories as of the date and year first above written.
| TRANSAMERICA ASSET MANAGEMENT, INC. | ||
| By: | /s/ Xxxxxxxxxxx X. Xxxxxxx | |
| Name: | Xxxxxxxxxxx X. Xxxxxxx | |
| Title: | Senior Vice President | |
| XXXXXXXX, XXXXXX & XXXXXXXX | ||
| By: | /s/ Xxxxxx X. XxxXxxxxx | |
| Name: | Xxxxxx X. XxxXxxxxx, CPA | |
| Title: | Chief Financial Officer | |
