AMENDMENT TO SUB-ADVISORY AGREEMENT BETWEEN TRANSAMERICA ASSET MANAGEMENT, INC. AND MORGAN STANLEY INVESTMENT MANAGEMENT INC.
Exhibit (d)(21)
AMENDMENT TO SUB-ADVISORY AGREEMENT BETWEEN
TRANSAMERICA ASSET MANAGEMENT, INC. AND
▇▇▇▇▇▇ ▇▇▇▇▇▇▇ INVESTMENT MANAGEMENT INC.
THIS AMENDMENT is made as of March 22, 2011 to the Sub-Advisory Agreement dated May 1, 2002, as amended (the “Agreement”), between Transamerica Asset Management, Inc. and ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Investment Management Inc. (the “Sub-Adviser”). In consideration of the mutual covenants contained herein, the parties agree as follows:
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1. |
Schedule A. Schedule A to the Agreement is hereby deleted and replaced in its entirety with the attached revised Schedule A, and all references in the Agreement to Schedule A shall be deemed to refer to the attached Schedule A. |
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2. |
Schedule B. Schedule B to the Agreement is hereby deleted and replaced in its entirety with the attached revised Schedule B, and all references in the Agreement to Schedule B shall be deemed to refer to the attached Schedule B. |
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In all other respects, the Agreement dated May 1, 2002, as amended, is confirmed and remains in full force and effect.
The parties hereto have caused this amendment to be executed as of March 22, 2011.
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TRANSAMERICA ASSET MANAGEMENT, INC. |
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By: |
/s/ ▇▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ |
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Name: |
▇▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ |
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Title: |
Senior Vice President and Chief Investment Officer |
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Date: |
March 17, 2011 |
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▇▇▇▇▇▇ ▇▇▇▇▇▇▇ INVESTMENT MANAGEMENT INC. |
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By: |
/s/ ▇▇▇▇ ▇. ▇’▇▇▇▇▇▇ |
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Name: |
▇▇▇▇ ▇. ▇’▇▇▇▇▇▇ |
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Title: |
Managing Director |
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Date: |
March 17, 2011 |
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SCHEDULE A
as of March 22, 2011
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Transamerica ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Active International Allocation VP |
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Transamerica ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Capital Growth VP |
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Transamerica ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Growth Opportunities VP |
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Transamerica Multi Managed Large Cap Core VP |
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Transamerica ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Mid-Cap Growth VP |
SCHEDULE B
as of March 22, 2011
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Portfolio |
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Sub-Adviser Compensation* |
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Effective Date |
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Transamerica ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Active International Allocation VP |
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0.45% up to
$250 million; |
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May 1, 2002 |
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Transamerica ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Capital Growth VP |
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0.30% of average daily net assets** |
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March 22, 2011 |
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Transamerica ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Growth Opportunities VP |
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0.40% up to
$1 billion;*** |
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March 22, 2011 |
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Transamerica ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Mid-Cap Growth VP |
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0.40% up to
$1 billion; *** |
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June 1, 2010 |
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Transamerica Multi Managed Large Cap Core VP |
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0.30% of average daily net assets** |
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June 1, 2010 |
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* |
As a percentage of average daily net assets on an annual basis. |
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** |
The average daily net assets for the purpose of calculating sub-advisory fees will be determined on a combined basis with Transamerica ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Capital Growth (a series of Transamerica Funds); Transamerica ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Capital Growth VP; and the portion of the assets of Transamerica Multi Managed Large Cap Core VP allocated to and sub-advised by ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Investment Management Inc. |
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*** |
The average daily net assets for the purpose of calculating sub-advisory fees will be determined on a combined basis with Transamerica ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Mid-Cap Growth and Transamerica ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Growth Opportunities (each a series of Transamerica Funds); and Transamerica ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Mid-Cap Growth VP and Transamerica ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Growth Opportunities VP. |