AMENDMENT TO SUB-ADVISORY AGREEMENT BETWEEN
Exhibit (d)(8)(d)
AMENDMENT TO SUB-ADVISORY AGREEMENT BETWEEN
TRANSAMERICA ASSET MANAGEMENT, INC. AND
XXXXXX XXXXXXX INVESTMENT MANAGEMENT INC.
THIS AMENDMENT is made as of May 1, 2020 to the Sub-Advisory Agreement dated May 1, 2002, as amended (the "Agreement"), between Transamerica Asset Management, Inc. and Xxxxxx Xxxxxxx Investment Management Inc. (the "Sub-Adviser"). In consideration of the mutual covenants contained herein, the parties agree as follows:
Schedule A to the Agreement is hereby deleted and replaced in its entirety with the attached revised Schedule A, and all references in the Agreement to Schedule A shall be deemed to refer to the attached Schedule A.
Schedule B to the Agreement is hereby deleted and replaced in its entirety with the attached revised Schedule B, and all references in the Agreement to Schedule B shall be deemed to refer to the attached Schedule B.
A new Section is hereby added to the Agreement as Section 2(e). This Section 2(e) states the following:
"The Sub-adviser will monitor the security valuations of assets held by the portfolios. If the Sub-adviser believes that an asset needs to be fair valued then it will notify the Investment Adviser promptly. In addition, the Sub-adviser will be available to discuss valuations with the Fund's Valuation Committee at their request. As it relates to any illiquid securities held by Transamerica Xxxxxx Xxxxxxx Global Allocation VP, that are transitioned to the Sub-adviser as of May 1, 2020, the Sub-adviser (i) makes no representation as to such securities' compliance with this Agreement, applicable laws or regulations, or otherwise; and (ii) will rely solely on the information provided by TAM in order to value the illiquid securities and will not have any liability related to the reliance of such information. For such securities for which adequate information is not available to provide an estimate of fair value, the Sub-adviser will use the pricing information obtained from TAM and carry it forward until such time as adequate information becomes available."
In all other respects, the Agreement dated May 1, 2002, as amended, is confirmed and remains in full force and effect.
The parties hereto have caused this amendment to be executed as of May 1, 2020.
TRANSAMERICA ASSET MANAGEMENT, INC.
By: /s/Xxxxxxxxxxx X. Xxxxxxx
Name: Xxxxxxxxxxx X. Xxxxxxx
Title: Senior Vice President
XXXXXX XXXXXXX INVESTMENT MANAGEMENT
INC.
By: /s/ Xxxx Hagarty______________________
Name: Xxxx Xxxxxxx
Title: Managing Director
SCHEDULE A
as of May 1, 2020
Transamerica Xxxxxx Xxxxxxx Capital Growth VP
Transamerica Xxxxxx Xxxxxxx Global Allocation VP
SCHEDULE B
as of May 1, 2020
Portfolio |
Sub-Adviser Compensation* |
|
|
Transamerica Xxxxxx Xxxxxxx Capital Growth |
0.27% of the first $1.5 billion; |
VP** |
0.23% over $1.5 billion up to $3 billion; |
| |
|
0.22% over $3 billion up to $5 billion; and |
|
0.20% in excess of over $5 billion. |
Transamerica Xxxxxx Xxxxxxx Global Allocation |
0.27% of the first $500 million; |
VP |
0.26% between $500 million and $1,000 |
| |
|
million; |
|
0.25% between $1,000 million up to $3,000 |
|
million; and |
|
0.21% in excess of over $3,000 million. |
*As a percentage of average daily net assets on an annual basis.
**The average daily net assets for the purpose of calculating sub-advisory fees will be determined on the basis of the combined assets of Transamerica Capital Growth, Transamerica Xxxxxx Xxxxxxx Capital Growth VP, Xxxxxx Xxxxxxx Investment Management Inc. ("Xxxxxx Xxxxxxx") managed assets for Transamerica Large Growth, and Xxxxxx Xxxxxxx Growth Retirement Option, a separately managed account of Transamerica Life Insurance that is also advised by Xxxxxx Xxxxxxx.
