AMENDMENT NO. 12 TO INVESTMENT ADVISORY AGREEMENT
AMENDMENT NO. 12 TO INVESTMENT ADVISORY AGREEMENT
This AMENDMENT NO. 12 to the INVESTMENT ADVISORY AGREEMENT (the “Amendment”) is effective as
of June 1, 2010, by and among THE VARIABLE ANNUITY LIFE INSURANCE COMPANY (“VALIC”) and VALIC
COMPANY I (“VC I”).
RECITALS
WHEREAS, VALIC and VALIC Company I (“VC I”) entered into an Investment Advisory
Agreement dated January 1, 2002, as amended (the “Agreement”), with respect to the funds
listed in Schedule A (the “Covered Funds”); and
WHEREAS, the parties wish to amend Schedule A to the Agreement to reflect the
amendments of the advisory fee rates payable with respect to the Global Strategy Fund and
the Growth & Income Fund.
NOW, THEREFORE, in consideration of the mutual promises set forth herein, VALIC and VC
I agree as follows:
| 1. | Schedule A Amendment. Schedule A is amended to reflect the revised advisory fee rates for the Global Strategy Fund and the Growth & Income Fund. | ||
| 2. | Counterparts. This Amendment may be executed in two or more counterparts, each of which shall be an original and all of which together shall constitute one instrument. | ||
| 3. | Full Force and Effect. Except as expressly supplemented, amended or consented to hereby, all of the representations, warranties, terms, covenants and conditions of the Agreement shall remain unamended and shall continue to be in full force and effect. |
IN WITNESS WHEREOF, the undersigned have executed this Amendment No. 12 as of the date
first above written.
| THE VARIABLE ANNUITY LIFE INSURANCE COMPANY |
||||
| By: | /S/ XXXX X. XXXXXXXX | |||
| Name: | Xxxx X. Xxxxxxxx | |||
| Title: | Senior Vice President | |||
| VALIC COMPANY I |
||||
| By: | /S/ XXXX X. XXXXXX | |||
| Name: | Xxxx X. Xxxxxx | |||
| Title: | Vice President & Secretary | |||
COVERED FUNDS
Annual Fee computed at the following annual rate, based on average monthly net assets value and
payable monthly:
Asset Allocation Fund |
0.50% on the first $300 million | |
| 0.475% on the next $200 million | ||
| 0.45% on assets over $500 million | ||
Blue Chip Growth Fund |
0.75% on the first $250 million | |
| 0.725% on the next $250 million | ||
| 0.70% on assets over $500 million | ||
Broad Cap Value Income Fund |
0.70% on the first $250 million | |
| 0.65% on the next $250 million | ||
| 0.60% on the next $500 million | ||
| 0.55% on assets over $1 billion | ||
Capital Conservation Fund |
0.50% on the first $250 million | |
| 0.45% on the next $250 million | ||
| 0.40% on the next $500 million | ||
| 0.35% on assets over $1 billion | ||
Core Equity Fund |
0.80% on the first $250 million | |
| 0.75% on the next $250 million | ||
| 0.70% on the next $500 million | ||
| 0.65% on assets over $1 billion | ||
Core Value Fund |
0.77% on the first $250 million | |
| 0.72% on the next $250 million | ||
| 0.67% on the next $500 million | ||
| 0.62% on assets over $1 billion | ||
Foreign Value Fund |
0.73% on the first $250 million | |
| 0.68% on the next $250 million | ||
| 0.63% on the next $500 million | ||
| 0.58% on assets over $1 billion | ||
Global Equity Fund |
0.81% on the first $250 million | |
| 0.76% on the next $250 million | ||
| 0.71% on the next $500 million | ||
| 0.66% on assets over $1 billion | ||
Global Real Estate Fund |
0.75% on the first $250 million | |
| 0.70% on the next $250 million | ||
| 0.65% on assets over $500 million | ||
Global Social Awareness Fund |
0.50% on the first $500 million | |
| 0.475% on the next $500 million | ||
| 0.45% on assets over $1 billion |
Global Strategy Fund |
0.50% on the first $500 million | |
| 0.46% on assets over $500 million | ||
Government Securities Fund |
0.50% on the first $250 million | |
| 0.45% on the next $250 million | ||
| 0.40% on the next $500 million | ||
| 0.35% on assets over $1 billion | ||
Growth & Income Fund |
0.75% on the first $500 million | |
| 0.725% on assets over $500 million | ||
Growth Fund |
0.73% on the first $500 million | |
| 0.67% on the next $500 million | ||
| 0.64% on the next $500 million | ||
| 0.61% on assets over $1.5 billion | ||
Health Sciences Fund |
1.00% on the first $500 million | |
| 0.95% on assets over $500 million | ||
Inflation Protected Fund |
0.50% on the first $250 million | |
| 0.45% on the next $250 million | ||
| 0.40% on assets over $500 million | ||
International Equities Fund |
0.35% on the first $500 million | |
| 0.25% on the next $500 million | ||
| 0.24% on assets over $1 billion | ||
International Government Bond Fund |
0.50% on the first $250 million | |
| 0.45% on the next $250 million | ||
| 0.40% on the next $500 million | ||
| 0.35% on assets over $1 billion | ||
International Growth I Fund |
0.95% on the first $250 million | |
| 0.90% on the next $250 million | ||
| 0.85% on the next $500 million | ||
| 0.80% on assets over $1 billion | ||
Large Cap Core Fund |
0.70% on the first $250 million | |
| 0.65% on the next $250 million | ||
| 0.60% on the next $500 million | ||
| 0.55% on assets over $1 billion | ||
Large Capital Growth Fund |
0.64% on the first $750 million | |
| 0.59% on assets over $750 million | ||
Mid Cap Index Fund |
0.35% on the first $500 million | |
| 0.25% on the next $2.5 billion | ||
| 0.20% on the next $2 billion | ||
| 0.15% on assets over $5 billion | ||
Mid Cap Strategic Growth Fund |
0.70% on the first $250 million | |
| 0.65% on the next $250 million | ||
| 0.60% on assets over $500 million | ||
Money Market I Fund |
0.40% |
Nasdaq-100
Ò Index Fund |
0.40% on the first $250 million | |
| 0.38% on the next $250 million | ||
| 0.36% on assets over $500 million | ||
Science & Technology Fund |
0.90% on the first $500 million | |
| 0.85% on assets over $500 million | ||
Small Cap Aggressive Growth Fund |
0.85% on the first $250 million | |
| 0.75% on assets over $250 million | ||
Small Cap Fund |
0.90% on the first $250 million | |
| 0.85% on the next $250 million | ||
| 0.80% on the next $500 million | ||
| 0.75% on assets over $1 billion | ||
Small Cap Index Fund |
0.35% on the first $500 million | |
| 0.25% on the next $2.5 billion | ||
| 0.20% on the next $2 billion | ||
| 0.15% on assets over $5 billion | ||
Small Cap Special Values Fund |
0.75% on the first $500 million | |
| 0.70% on assets over $500 million | ||
Small-Mid Growth Fund |
0.85% on the first $250 million | |
| 0.75% on assets over $250 million | ||
Stock Index Fund |
0.35% on the first $500 million | |
| 0.25% on the next $2.5 billion | ||
| 0.20% on the next $2 billion | ||
| 0.15% on assets over $5 billion | ||
Value Fund |
0.78% on the first $250 million | |
| 0.73% on the next $250 million | ||
| 0.68% on the next $500 million | ||
| 0.63% on assets over $1 billion |
