AMENDMENT NO. 18 TO INVESTMENT ADVISORY AGREEMENT
Execution Version
AMENDMENT NO. 18 TO INVESTMENT ADVISORY AGREEMENT
This AMENDMENT No. 18 to the INVESTMENT ADVISORY AGREEMENT (the “Amendment”) is effective as of September 28, 2023, by and between 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 thereto (the “Covered Funds”); and
WHEREAS, the parties wish to amend and restate Schedule A to the Agreement to reflect the liquidation of the Government Money Market I Fund on July 22, 2022, and to update the name of the Blue Chip Growth Fund to Systematic Growth Fund, effective May 1, 2023; and
WHEREAS, the Board of Directors of VC I has approved this Amendment to the Agreement and it is not required to be approved by the shareholders of the Covered Funds.
NOW, THEREFORE, in consideration of the mutual promises set forth herein, VALIC and VC I agree as follows:
| 1. | Schedule A Amendment. Schedule A of the Agreement is replaced with the amended Schedule A attached hereto. |
| 2. | Counterparts. This Amendment may be executed in any number of counterparts, each of which shall be deemed to be an original, but all such counterparts shall together constitute one and the same Agreement. Counterparts may be delivered via facsimile, electronic mail (including pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g., xxx.xxxxxxxx.xxx or xxx.xxxxxxxx.xxx, or other applicable law) or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes. |
| 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 as of the date first written above.
| THE VARIABLE ANNUITY LIFE INSURANCE COMPANY |
VALIC COMPANY I | |||||||
| By: | /s/ Xxxxxx X. Xxxx | By: | /s/ Xxxx X. Xxxxx | |||||
| Name: | Xxxxxx X. Xxxx | Name: | Xxxx X. Xxxxx | |||||
| Title: | Authorized Signatory | Title: | President | |||||
VALIC COMPANY I
AMENDED AND RESTATED SCHEDULE A
to Investment Advisory Agreement
(Effective September 28, 2023)
COVERED FUNDS
Annual Fee computed at the following annual rates, based on average daily net assets and payable monthly:
| Aggressive Growth Lifestyle Fund |
0.10% | |
| Asset Allocation Fund |
0.50% on the first $300 million 0.475% on the next $ 200 million 0.45% on assets over $500 million | |
| Capital Appreciation Fund |
0.55% on the first $1 billion 0.525% on assets over $ 1 billion | |
| Conservative Growth Lifestyle Fund |
0.10% | |
| Core Bond Fund |
0.50% on the first $200 million 0.45% on the next $ 300 million 0.40% on assets over $500 million | |
| Dividend Value Fund |
0.75% 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 | |
| Dynamic Allocation Fund |
0.25% on the first $1 billion 0.22%
on the next $ 1 billion 0.20% on assets over $2 billion | |
| Emerging Economies 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 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 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 | |
| High Yield Bond Fund |
0.65% on the first $150 million 0.60% on the next $ 350 million 0.55% 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 Index 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 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 | |
| International Opportunities Fund |
0.90% on the first $100 million 0.80% on the next $ 650 million 0.75% on assets over $750 million | |
| International Socially Responsible Fund |
0.50% on the first $500 million 0.475% on the next $ 500 million 0.45% on assets over $1 billion | |
| International 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 | |
| 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 | |
- 4 -
| Mid Cap Value Fund |
0.75% on the first $100 million 0.725% on the next $ 150 million 0.70% on the next $250 million 0.675% on the next $
250 million 0.65% over $750 million | |
| Moderate Growth Lifestyle Fund |
0.10% | |
| Nasdaq-100® 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 Growth Fund |
0.85% on the first $100 million 0.80% on assets over $100 million | |
| 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 Cap Value Fund |
0.75% on the first $50 million 0.65% on assets over $50 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 | |
| Systematic Core Fund |
0.75% on the first $500 million 0.725% on assets over $ 500 million | |
| Systematic Growth Fund |
0.75% on the first $250 million 0.725%
on the next $ 250 million 0.70% on assets over $500 million | |
| Systematic Value 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 | |
| U.S. Socially Responsible Fund |
0.25% on the first $1 billion 0.24% on assets over $1 billion | |
- 5 -
