Transamerica Asset Management, Inc. P.O. Box 9012 Clearwater, Florida 33758-9012 727-299-1800 March 22, 2011 AEGON USA Investment Management, LLC ATTN: Stephanie M. Phelps, Senior Vice President & Chief Financial Officer 4333 Edgewood Road NE Cedar...
Exhibit 99(d)(40)(i)
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Transamerica Asset Management, Inc. |
March 22, 2011
AEGON USA Investment
Management, LLC
ATTN: Xxxxxxxxx X. Xxxxxx, Senior Vice President & Chief Financial Officer
0000 Xxxxxxxx Xxxx XX
Xxxxx Xxxxxx, XX 00000
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RE: |
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Transamerica AEGON Short-Term Bond |
Dear Xx. Xxxxxx:
This letter is being executed in connection with a certain fee waiver under the Sub-Advisory Agreement dated March 22, 2011, between Transamerica Asset Management, Inc. (“TAM”) and AEGON USA Investment Management, LLC (“AUIM”) on behalf of the above-referenced fund (the “Fund”). This letter expresses certain understandings between TAM, adviser to the Fund, and XXXX, sub-adviser to the Fund.
Effective March 22, 2011, XXXX hereby agrees to waive voluntarily its sub-advisory fee as follows:
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0.05% of the first $250 million of average daily net assets; |
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0.05% of average daily net assets over $250 million up to $500 million; |
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0.05% of average daily net assets over $500 million up to $1 billion; |
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0.05% of average daily net assets in excess of $1 billion |
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TRANSAMERICA ASSET MANAGEMENT, INC. |
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By: |
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Name: |
Xxxx X. Xxxxxx |
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Title: |
Chairman, President and Chief Executive Officer |
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Acknowledged and Agreed:
AEGON USA INVESTMENT MANAGEMENT, LLC
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By: |
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Name: |
Xxxxxxxxx X. Xxxxxx |
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Title: |
Senior Vice President & Chief Financial Officer |
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