AMENDMENT NO. 15 AMENDED AND RESTATED INVESTMENT MANAGEMENT AGREEMENT
Exhibit (d)(1)(xxix)
AMENDMENT NO. 15
AMENDED AND RESTATED
INVESTMENT MANAGEMENT AGREEMENT
Amendment No. 15, effective as of May 1, 2009 (“Amendment No. 15”) to the Amended and Restated Investment Management Agreement, dated as of May 1, 2000, as amended (“Agreement”), between EQ Advisors Trust, a Delaware statutory trust (“Trust”) and AXA Equitable Life Insurance Company, a New York stock life insurance company (“AXA Equitable” or “Manager”).
The Trust and AXA Equitable agree to modify and amend the Agreement as follows:
1. | New Portfolios. The Trust hereby appoints AXA Equitable as the investment manager of the following new Portfolios: |
AXA Tactical Manager 500 Portfolio-I
AXA Tactical Manager 500 Portfolio-II
AXA Tactical Manager 500 Portfolio-III
AXA Tactical Manager 2000 Portfolio-I
AXA Tactical Manager 2000 Portfolio-II
AXA Tactical Manager 2000 Portfolio-III
AXA Tactical Manager 400 Portfolio-I
AXA Tactical Manager 400 Portfolio-II
AXA Tactical Manager 400 Portfolio-III
AXA Tactical Manager International Portfolio-I
AXA Tactical Manager International Portfolio-II
AXA Tactical Manager International Portfolio-III
(collectively, the “New Portfolios”)
on the terms and conditions contained in the Agreement.
2. | Duration of Agreement. |
a. | Except as noted in subsection (b) below, with respect to each existing Portfolio as specified in Appendix A to the Agreement (except as provided below), the Agreement will continue in effect another 12 months beyond July 31, 2008 and may be continued thereafter pursuant to subsection (c) below. |
b. | With respect to the New Portfolios specified in Amendment No. 15, the Agreement will continue in effect until two years after its effective date and may be continued thereafter pursuant to subsection (c) below. |
c. | With respect to the each Portfolio, the Agreement shall continue in effect annually after the date specified in subsection (a) or (b), as the case may be, only so long as such continuance is specifically approved at least annually by a majority of the Trustees who are not a party to the agreement or interested persons (as defined in the Investment Company Act of 1940, as amended (“1940 Act”) (“Independent Trustees”), and by |
either the Board of Trustees or a vote of a majority of the outstanding shares of the Portfolio. The required shareholder approval of the Agreement or of any continuance of the Agreement shall be effective with respect to a Portfolio if a majority of the outstanding voting securities of the series (as defined in Rule 18f-2(h) under the 0000 Xxx) of shares of such Portfolio votes to approve the Agreement or its continuance, notwithstanding that the Agreement or its continuance may not have been approved by majority of the outstanding voting securities of (a) any other Portfolio affected by the Agreement, or (b) all the Portfolios of the Trust. |
3. | Name Changes. The following Portfolio’s names shall be changed as follows: |
Current Name |
New Name | |
EQ/AllianceBernstein Common Stock Portfolio | EQ/Common Stock Index Portfolio | |
EQ/Evergreen International Bond Portfolio | EQ/Global Bond PLUS Portfolio | |
EQ/Franklin Income Portfolio | EQ/AXA Franklin Income Core Portfolio | |
EQ/Franklin Small Cap Value Portfolio | EQ/AXA Franklin Small Cap Value Core Portfolio | |
EQ/Xxxxxxx Focus Portfolio | EQ/Focus PLUS Portfolio | |
EQ/Mutual Shares Portfolio | EQ/AXA Mutual Shares Core Portfolio | |
EQ/Xxxxxxxxx Growth Portfolio | EQ/AXA Xxxxxxxxx Growth Core Portfolio | |
EQ/Xxx Xxxxxx Emerging Markets Equity Portfolio | EQ/Global Multi-Sector Equity Portfolio |
4. | Appendix A: Appendix A to the Agreement, which sets forth the Portfolios of the Trust for which AXA Equitable is appointed investment manager is hereby replaced in its entirety by Appendix A attached hereto, and |
5. | Appendix B: Appendix B to the Agreement, which sets forth the fees payable to AXA Equitable with respect to each Portfolio is hereby replaced in its entirety by Appendix B attached hereto. |
Except as modified and amended hereby, the Agreement is hereby ratified and confirmed in full force and effect in accordance with its terms.
IN WITNESS WHEREOF, the parties have executed and delivered this Amendment No. 15 as of the date first above set forth.
EQ ADVISORS TRUST | AXA EQUITABLE LIFE INSURANCE COMPANY | |||||||
By: | /s/ Xxxxx Xxxxx | By: | /s/ Xxxxxx X. Xxxxx | |||||
Xxxxx Xxxxx Chief Financial Officer and Treasurer |
Xxxxxx X. Xxxxx Senior Vice President |
APPENDIX A
AMENDMENT NO. 15
AMENDED AND RESTATED
INVESTMENT MANAGEMENT AGREEMENT
Portfolios
EQ/AllianceBernstein International Portfolio EQ/AllianceBernstein Small Cap Growth Portfolio EQ/Ariel Appreciation II Portfolio EQ/AXA Franklin Income Core Portfolio (formerly, EQ/Franklin Income Portfolio) EQ/AXA Franklin Small Cap Value Core Portfolio (formerly, EQ/Franklin Small Cap Value Portfolio) EQ/AXA Mutual Shares Core Portfolio (formerly, EQ/Mutual Shares Portfolio) EQ/AXA Xxxxxxxxx Value Long/Short Equity Portfolio EQ/AXA Xxxxxxxxx Growth Core Portfolio (formerly, EQ/Xxxxxxxxx Growth Portfolio) EQ/BlackRock Basic Value Equity Portfolio EQ/BlackRock International Value Portfolio EQ/Xxxxxxx Socially Responsible Portfolio EQ/Capital Guardian Growth Portfolio EQ/Capital Guardian Research Portfolio EQ/Common Stock Index Portfolio (formerly, EQ/AllianceBernstein Common Stock Portfolio) EQ/Core Bond Index Portfolio (formerly, EQ/JPMorgan Core Bond Portfolio) EQ/Xxxxx New York Venture Portfolio EQ/Equity 500 Index Portfolio EQ/Evergreen Omega Portfolio EQ/Focus PLUS Portfolio (formerly, EQ/Xxxxxxx Focus Portfolio) EQ/Global Bond PLUS Portfolio (formerly, EQ/Evergreen International Bond Portfolio) EQ/Global Multi-Sector Equity Portfolio (formerly, EQ/Xxx Xxxxxx Emerging Markets Equity Portfolio) EQ/Intermediate Government Bond Index Portfolio EQ/International Core PLUS Portfolio EQ/International ETF Portfolio |
EQ/JPMorgan Value Opportunities Portfolio EQ/Large Cap Core PLUS Portfolio EQ/Large Cap Growth Index Portfolio EQ/Large Cap Growth PLUS Portfolio EQ/Large Cap Value Index Portfolio EQ/Large Cap Value PLUS Portfolio EQ/Lord Xxxxxx Growth and Income Portfolio EQ/Lord Xxxxxx Large Cap Core Portfolio EQ/Lord Xxxxxx Mid Cap Value Portfolio EQ/Mid Cap Index Portfolio EQ/Mid Cap Value PLUS Portfolio EQ/Money Market Portfolio EQ/Xxxxxxxxxxx Global Portfolio EQ/Xxxxxxxxxxx Main Street Opportunity Portfolio EQ/Xxxxxxxxxxx Main Street Small Cap Portfolio EQ/Quality Bond PLUS Portfolio EQ/Small Company Index Portfolio EQ/Xxx Xxxxxx Xxxxxxxx Portfolio EQ/Xxx Xxxxxx Mid Cap Growth Portfolio EQ/Xxx Xxxxxx Real Estate Portfolio AXA Tactical Manager 500 Portfolio-I AXA Tactical Manager 500 Portfolio-II AXA Tactical Manager 500 Portfolio-III AXA Tactical Manager 2000 Portfolio-I AXA Tactical Manager 2000 Portfolio-II AXA Tactical Manager 2000 Portfolio-III AXA Tactical Manager 400 Portfolio-I AXA Tactical Manager 400 Portfolio-II AXA Tactical Manager 400 Portfolio-III AXA Tactical Manager International Portfolio-I AXA Tactical Manager International Portfolio-II AXA Tactical Manager International Portfolio-III |
APPENDIX B
AMENDMENT NO. 15
TO THE AMENDED AND RESTATED
INVESTMENT MANAGEMENT AGREEMENT
The Trust shall pay the Manager, at the end of each calendar month, compensation computed daily at an annual rate equal to the following:
(as a percentage of average daily net assets) | |||
Index Portfolios |
|||
EQ/Common Stock Index (formerly, EQ/AllianceBernstein Common Stock) |
0.350 | % | |
EQ/Core Bond Index |
0.350 | % | |
EQ/Equity 500 Index |
0.250 | % | |
EQ/Intermediate Government Bond Index |
0.350 | % | |
EQ/Large Cap Growth Index |
0.350 | % | |
EQ/Large Cap Value Index |
0.350 | % | |
EQ/Mid Cap Index |
0.350 | % | |
EQ/Small Company Index |
0.250 | % |
(as a percentage of average daily net assets) | |||||||||||||||
Debt Portfolios |
First $750 Million |
Next $750 Million |
Next $1 Billion |
Next $2.5 Billion |
Thereafter | ||||||||||
EQ/Money Market |
0.350 | % | 0.325 | % | 0.280 | % | 0.270 | % | 0.250 | % |
(as a percentage of average daily net assets) | |||||||||||||||
Equity Portfolios |
First $1 Billion |
Next $1 Billion |
Next $3 Billion |
Next $5 Billion |
Thereafter | ||||||||||
EQ/AXA Franklin Income Core (formerly, EQ/Franklin Income) |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | |||||
EQ/AXA Franklin Small Cap Value Core (formerly, EQ/Franklin Small Cap Value) |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | |||||
EQ/AXA Mutual Shares Core (formerly, EQ/Mutual Shares) |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | |||||
EQ/AXA Xxxxxxxxx Growth Core (formerly, EQ/Xxxxxxxxx Growth) |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | |||||
EQ/AllianceBernstein International |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | |||||
EQ/AllianceBernstein Small Cap Growth |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | |||||
EQ/Ariel Appreciation II |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | |||||
EQ/AXA Xxxxxxxxx Value Long/Short Equity |
1.400 | % | 1.350 | % | 1.325 | % | 1.300 | % | 1.275 | % | |||||
EQ/BlackRock Basic Value Equity |
0.600 | % | 0.550 | % | 0.525 | % | 0.500 | % | 0.475 | % | |||||
EQ/BlackRock International Value |
0.850 | % | 0.800 | % | 0.775 | % | 0.750 | % | 0.725 | % | |||||
EQ/Xxxxxxx Socially Responsible |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | |||||
EQ/Capital Guardian Growth |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | |||||
EQ/Capital Guardian Research |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % |
(as a percentage of average daily net assets) | |||||||||||||||
Equity Portfolios |
First $1 Billion |
Next $1 Billion |
Next $3 Billion |
Next $5 Billion |
Thereafter | ||||||||||
EQ/Xxxxx New York Venture |
0.850 | % | 0.800 | % | 0.775 | % | 0.750 | % | 0.725 | % | |||||
EQ/Evergreen Omega |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | |||||
EQ/Global Multi-Sector Equity (formerly, EQ/Xxx Xxxxxx Emerging Markets Equity) |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | |||||
EQ/International ETF |
0.400 | % | 0.400 | % | 0.400 | % | 0.400 | % | 0.400 | % | |||||
EQ/JPMorgan Value Opportunities |
0.600 | % | 0.550 | % | 0.525 | % | 0.500 | % | 0.475 | % | |||||
EQ/Lord Xxxxxx Growth and Income |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | |||||
EQ/Lord Xxxxxx Mid Cap Value |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | |||||
EQ/Lord Xxxxxx Large Cap Core |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | |||||
EQ/Xxxxxxxxxxx Global |
0.950 | % | 0.900 | % | 0.875 | % | 0.850 | % | 0.825 | % | |||||
XX/Xxxxxxxxxxx Xxxx Xxxxxx Xxxxxxxxxxx |
0.000 | % | 0.800 | % | 0.775 | % | 0.750 | % | 0.725 | % | |||||
XX/Xxxxxxxxxxx Xxxx Xxxxxx Xxxxx Xxx |
0.900 | % | 0.850 | % | 0.825 | % | 0.800 | % | 0.775 | % | |||||
EQ/Xxx Xxxxxx Xxxxxxxx |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | |||||
EQ/Xxx Xxxxxx Mid Cap Growth |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | |||||
EQ/Xxx Xxxxxx Real Estate |
0.900 | % | 0.850 | % | 0.825 | % | 0.800 | % | 0.775 | % |
(as a percentage of average daily net assets) | |||||||||||||||
PLUS Portfolios |
First $2 Billion |
Next $1 Billion |
Next $3 Billion |
Next $5 Billion |
Thereafter | ||||||||||
EQ/Focus PLUS (formerly, EQ/Xxxxxxx Focus) |
0.500 | % | 0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | |||||
EQ/International Core PLUS |
0.600 | % | 0.550 | % | 0.525 | % | 0.500 | % | 0.475 | % | |||||
EQ/Mid Cap Value PLUS |
0.550 | % | 0.500 | % | 0.475 | % | 0.450 | % | 0.425 | % | |||||
EQ/Large Cap Growth PLUS |
0.500 | % | 0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | |||||
EQ/Large Cap Core PLUS |
0.500 | % | 0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | |||||
EQ/Large Cap Value PLUS |
0.500 | % | 0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % |
(as a percentage of average daily net assets) | |||||||||
PLUS Portfolio |
First $4 Billion |
Next $4 Billion |
Thereafter | ||||||
EQ/Global Bond PLUS (formerly, EQ/Evergreen International Bond) |
0.55 | % | 0.53 | % | 0.51 | % | |||
EQ/Quality Bond PLUS |
0.40 | % | 0.38 | % | 0.36 | % |
(as a percentage of average daily net assets) | |||
Tactical Portfolios |
|||
AXA Tactical Manager 500 Portfolio-I |
0.450 | % | |
AXA Tactical Manager 500 Portfolio-II |
0.450 | % | |
AXA Tactical Manager 500 Portfolio-III |
0.450 | % |
(as a percentage of average daily net assets) | |||
Tactical Portfolios |
|||
AXA Tactical Manager 2000 Portfolio-I |
0.450 | % | |
AXA Tactical Manager 2000 Portfolio-II |
0.450 | % | |
AXA Tactical Manager 2000 Portfolio-III |
0.450 | % | |
AXA Tactical Manager 400 Portfolio-I |
0.450 | % | |
AXA Tactical Manager 400 Portfolio-II |
0.450 | % | |
AXA Tactical Manager 400 Portfolio-III |
0.450 | % | |
AXA Tactical Manager International Portfolio-I |
0.450 | % | |
AXA Tactical Manager International Portfolio-II |
0.450 | % | |
AXA Tactical Manager International Portfolio-III |
0.450 | % |