AMENDMENT TO SUB-ADVISORY BETWEEN TRANSAMERICA ASSET MANAGEMENT, INC. AND CLARIVEST ASSET MANAGEMENT, LLC
Exhibit (d)(20)(iii)
AMENDMENT TO SUB-ADVISORY BETWEEN
TRANSAMERICA ASSET MANAGEMENT, INC. AND
CLARIVEST ASSET MANAGEMENT, LLC
THIS AMENDMENT is made as of September 28, 2018, to the Sub-Advisory Agreement dated December 24, 2012, as amended (the “Agreement”), between Transamerica Asset Management, Inc. (the “Investment Adviser”) and ClariVest Asset Management, LLC (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.
In all other respects, the Sub-Advisory Agreement dated December 24, 2012, as amended, is confirmed and remains in full force and effect.
TRANSAMERICA ASSET MANAGEMENT, INC. |
By: | /s/ Xxxxxxxxxxx X. Xxxxxxx | |
Name: | Xxxxxxxxxxx X. Xxxxxxx | |
Title: | Senior Director - Investments | |
CLARIVEST ASSET MANAGEMENT, LLC |
By: | /s/ Xxxxxxx X. Xxxxx | |
Name: | Xxxxxxx X. Xxxxx | |
Title: | Exec VP, GC, and CCO |
Schedule A
FUNDS |
INVESTMENT SUB-ADVISORY FEE* | |
Transamerica Emerging Markets Equity | 0.49% of assets up to $250 million; 0.45% over $250 million up to $500 million; 0.43% over $500 up to $1 billion; and 0.41% of net assets in excess of $1 billion | |
Transamerica International Stock | 0.25% of assets up to $500 million; 0.22% of assets over $1 billion up to $2 billion; 0.21% of assets over $2 billion up to $3 billion; 0.20% of net assets in excess of $3 billion |
* | As a percentage of average daily net assets on an annual basis. |
Relationship Pricing: ClariVest Asset Management LLC
Projected Assets: $1.3B
Fee Type |
Breakpoints | |||||||
$0 - $500M | $500M - $1.5B | $1.5B - $3B | Over $3B | |||||
Sub-Advisory Discount1 |
0.0% | 5.0% | 7.5% | 10.0% |
1 | Sub-advisory discount will apply to all Funds and Portfolios sub-advised by ClariVest Asset Management LLC that do not benefit from aggregation across like strategies. Initially this will apply to Transamerica Emerging Markets Equity and Transamerica International Stock. |