AMENDMENT TO THE INVESTMENT SUBADVISORY AGREEMENT
Exhibit (d)(123)
AMENDMENT TO THE INVESTMENT SUBADVISORY AGREEMENT
This Amendment (“Amendment”) to the Investment Subadvisory Agreement (defined below), is
effective as of May 1, 2011, by and among Vantagepoint Investment Advisers, LLC, a Delaware limited
liability company (“Client”), Barrow, Hanley, Xxxxxxxxx & Xxxxxxx, LLC, a Delaware limited
liability company (formerly Barrow, Hanley, Xxxxxxxxx & Xxxxxxx, Inc., a Nevada corporation)
(“Subadviser”), and The Vantagepoint Funds, a Delaware statutory trust (the “Funds”).
WHEREAS, the Client, Subadviser and the Funds entered into an Investment Subadvisory Agreement
dated February 26, 2006 (the “Agreement”), with respect to the Vantagepoint Equity Income Fund;
WHEREAS, the Client, Subadviser and the Funds desire to amend the Agreement as set forth
below.
NOW, THEREFORE, in consideration of the mutual covenants herein set forth, the parties hereto
agree as follows:
1. | Schedule A (Fee Schedule) to the Agreement is hereby deleted and replaced with the new Schedule A (Fee Schedule) attached to this Amendment. |
2. | All other provisions of the Agreement remain in full force and effect. |
3. | Unless otherwise defined in this Amendment, all terms used in this Amendment shall have the same meaning given to them in the Agreement. |
4. | This Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. |
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IN WITNESS WHEREOF, the parties hereto execute this Amendment effective as of the date first
set forth above.
THE VANTAGEPOINT FUNDS, on behalf of the Vantagepoint Equity Income Fund
By: | /s/ Xxxxxx Xxxxxx | ||||
Xxxxxx Xxxxxx | |||||
Secretary |
Approved by: | /s/ Xxxxx Xxxxxx | ||||
Xxxxx Xxxxxx | |||||
Senior Vice President and Chief Investment Officer Vantagepoint Investment Advisers, LLC |
|||||
VANTAGEPOINT INVESTMENT ADVISERS, LLC
By: | /s/ Xxxxxx Xxxxxx | ||||
Xxxxxx Xxxxxx | |||||
Assistant Secretary ICMA Retirement Corporation |
Approved by: | /s/ Xxxxx Xxxxxx | ||||
Xxxxx Xxxxxx | |||||
Senior Vice President and Chief Investment Officer Vantagepoint Investment Advisers, LLC |
|||||
BARROW, HANLEY, XXXXXXXXX & XXXXXXX, LLC
By: | /s/ Xxxxx Xxxxxx | ||||
Xxxxx Xxxxxx | |||||
President |
Schedule A
VANTAGEPOINT INVESTMENT ADVISERS, LLC
Fee Schedule
For
For
Barrow, Hanley, Xxxxxxxxx & Xxxxxxx, LLC
Vantagepoint Equity Income Fund
The Subadviser’s quarterly fee shall be calculated based on the average daily net asset
value of the assets under the Subadviser’s management as provided by the Client or Custodian, at
Client’s discretion (“Subadviser AUM”), based on the following annual rate.
value of the assets under the Subadviser’s management as provided by the Client or Custodian, at
Client’s discretion (“Subadviser AUM”), based on the following annual rate.
First
|
$200 million | 0.30 percent | ||
Next
|
$300 million | 0.20 percent | ||
Over
|
$500 million | 0.15 percent |
The above rate shall apply as long as Subadviser AUM remains above $525 million. Should the
Subadviser AUM decline to less than $525 million for a calendar quarter, the following rate shall
apply for that period:
First
|
$10 million | 0.75 percent | ||
Next
|
$15 million | 0.50 percent | ||
Next
|
$175 million | 0.25 percent | ||
Next
|
$600 million | 0.20 percent | ||
Over
|
$800 million | 0.15 percent |