d8i.htm

EX-99.D8I 7 d8i.htm SCHED A TO FEDERATED SUBADV AGMT d8i.htm

REVISED SCHEDULE A

Compensation pursuant to Section 4 of the Subadvisory Agreement, dated February 25, 2012, shall be calculated in accordance with the following schedule:

AZL Federated Clover Small Value Fund

Average Daily Net Assets* Rate

First $100 million 0.55%

Next $100 million 0.50%

Next $100 million 0.45%

Over $300 million 0.40%

*When average daily net assets exceed the first breakpoint, multiple rates will apply, resulting in a blended rate. For example, if average daily net assets in AZL Federated Clover Small Value Fund are $400 million, a rate of 55 bps would apply to the first $100 million, a rate of 50 bps would apply to the second $100 million, a rate of 45 bps would apply to the third $100 million, and a rate of 40 bps would apply to the average daily net assets above $300 million.

The rates set forth above apply to average daily net assets that are subject to the Subadviser's investment discretion in the Funds.

Acknowledged:

ALLIANZ INVESTMENT FEDERATED GLOBAL

MANAGEMENT LLC INVESTMENT MANAGEMENT

CORP.

By:/s/ Brian Muench By: /s/ John B Fisher

Name: Brian Muench Name: John B Fisher

Title: President Title: President & CEO

Updated: 11/01/2013