AMENDMENT TO INVESTMENT SUBADVISORY AGREEMENT THOMPSON, SIEGEL & WALMSLEY LLC
Exhibit (d)(10)(i)
AMENDMENT TO INVESTMENT SUBADVISORY AGREEMENT
XXXXXXXX, XXXXXX & XXXXXXXX LLC
THIS AMENDMENT is made as of May 1, 2024, to the Sub-Advisory Agreement dated as of January 23, 2023 (the “Agreement”) between Transamerica Asset Management, Inc. and Xxxxxxxx, Xxxxxx & Xxxxxxxx LLC.
In consideration of the mutual covenants contained herein, the parties agree as follows:
Schedule A. Schedule A to the Agreement is hereby deleted entirely and replaced as follows:
Schedule A
| FUNDS
|
INVESTMENT SUB-ADVISORY FEE*
| |
| Transamerica International Equity** |
0.30% of assets up to $1 billion; 0.28% over $1 billion up to $2 billion; and 0.265% over $2 billion | |
|
Transamerica International Small Cap Value |
0.475% of the first $300 million; 0.45% over $300 million up to $750 million; and 0.40% over $750 million | |
|
Transamerica Mid Cap Value Opportunities*** |
0.275% of the first $750 million; 0.27% over $750 million up to $1.5 billion; 0.265% over $1.5 billion up to $2 billion; and 0.26% over $2 billion | |
| Transamerica Multi-Asset Income (formerly Transamerica Strategic High Income) | 0.21% of the first $1 billion; 0.185% over $1 billion up to $2 billion; and 0.17% over $2 billion | |
|
Transamerica Small/Mid Cap Value*** |
0.275% of the first $750 million; 0.27% over $750 million up to $1.5 billion; 0.265% over $1.5 billion up to $2 billion; and 0.26% over $2 billion | |
* As a percentage of net assets on an annual basis.
** The average daily net assets for purpose of calculating sub-advisory fees will be based on the aggregate average daily net assets of Transamerica International Equity, a series of Transamerica Funds, and Transamerica TS&W International Equity VP, a series of Transamerica Series Trust.
*** The average daily net assets for the purpose of calculating sub-advisory fees will be based on the aggregate average daily net assets of Transamerica Mid Cap Value Opportunities and the portion of the assets of Transamerica Small/Mid Cap Value that is sub-advised by Xxxxxxxx, Xxxxxx & Xxxxxxxx LLC (“TSW”), each a series of Transamerica Funds, and Transamerica TS&W Mid Cap Value Opportunities VP and the portion of assets of Transamerica Small/Mid Cap Value VP that is sub-advised by TS&W, each a series of Transamerica Series Trust. Effective May 1, 2024, TSW agreed to voluntarily waive a portion of its sub-advisory fee (as a percentage of net assets) when the assets of these mandates, in the aggregate, exceed a specified level. This waiver is voluntary and may be discontinued by TSW upon obtaining consent from TAM.
[signature page to follow]
The parties hereto have caused this Agreement to be executed by their duly authorized signatories as of the date and year first above written.
| TRANSAMERICA ASSET MANAGEMENT, INC. | ||||||
| By: | ||||||
| Name: | ||||||
| Title: | ||||||
| XXXXXXXX, XXXXXX & XXXXXXXX LLC | ||||||
| By: | ||||||
| Name: | ||||||
| Title: | ||||||
