Amendment No. 5
TO AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
AMENDMENT NO. 5 to the Amended and Restated Expense Limitation Agreement,
dated as of May 1, 2005, by and between Met Investors Advisory LLC (the
"Manager") and Met Investors Series Trust (the "Trust").
The Manager and the Trust hereby agree to modify and amend the Amended and
Restated Expense Limitation Agreement effective as of October 9, 2001 (the
"Agreement") between Met Investors Advisory Corp. (now known as Met Investors
Advisory LLC) and the Trust, as amended on May 1, 2002, May 1, 2003, April 30,
2004 and November 3, 2004.
1. New Portfolios The Manager and the Trust have determined to add the Xxx
Xxxxxx Xxxxxxxx Portfolio, ("New Portfolio") to the Agreement on the terms
and conditions contained in the Agreement, and at the level of the expense
limitation applicable to the New Portfolio as set forth in the attached
schedule.
2. Schedule A Schedule A to the Agreement, as amended, which sets forth the
Portfolios of the Trust, is hereby replaced in its entirety by Amendment
No. 5 to Schedule A attached hereto.
3. Term and Termination of Agreement The Term and Termination provisions of
this Agreement are amended as follows:
This Agreement shall continue in effect with respect to all of the
Portfolios until April 30, 2006, and shall thereafter continue in effect with
respect to each Portfolio from year to year provided such continuance is
specifically approved by a majority of the Trustees of the Trust who (i) are not
"interested persons" of the Trust or any other party to this Agreement, as
defined in the 1940 Act, and (ii) have no direct or indirect financial interest
in the operation of this Agreement ("Independent Trustees"). Nevertheless, this
Agreement may be terminated by either party hereto, without payment of any
penalty, upon ninety (90) days' prior written notice to the other party at its
principal place of business; provided that, in case of termination by the Trust,
such action shall be authorized by resolution of a majority of the Independent
Trustees of the Trust or by a vote of a majority of the outstanding voting
securities of the Trust.
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. 5 as of the date first above set forth.
MET INVESTORS SERIES TRUST MET INVESTORS ADVISORY LLC
ON BEHALF OF EACH OF
ITS PORTFOLIOS
By: ________________________ By: ________________________
Xxxxxxxxx X. Forget Xxxxxxxxx X. Forget
President President
AMENDMENT NO. 5
SCHEDULE A
MAXIMUM ANNUAL OPERATING EXPENSE LIMITS
This Agreement relates to the following Portfolios of the Trust:
Maximum Annual
Name of Portfolio Operating Expense Limit
----------------- -----------------------
Lord Xxxxxx Bond Debenture Portfolio None
Lord Xxxxxx Mid-Cap Value Portfolio None
Lord Xxxxxx Growth and Income Portfolio None
Lord Xxxxxx Growth Opportunities Portfolio 0.90%
Lord Xxxxxx America's Value Portfolio 0.85%
PIMCO Total Return Portfolio None
RCM Global Technology Portfolio 1.10%
PIMCO Inflation Protected Bond Portfolio 0.65%
Xxxxxxxxxxx Capital Appreciation Portfolio 0.75%
X. Xxxx Price Mid-Cap Growth Portfolio 0.90%
MFS Research International Portfolio 1.00%
Janus Aggressive Growth Portfolio 0.90%
Met/Xxxxxx Capital Opportunities Portfolio None
Met/AIM Small Cap Growth Portfolio 1.05%
Met/AIM Mid Cap Core Equity Portfolio 0.90%
Xxxxxx Oakmark International Portfolio 1.10%
Third Avenue Small Cap Value Portfolio 1.00%
Xxxxxxxxx Xxxxxx Real Estate Portfolio 0.90%
Xxxxxx Mid-Cap Growth Portfolio 0.95%
Xxxxxxx Xxxxx Mid-Cap Value Portfolio 0.95%
MetLife Defensive Strategy Portfolio 0.10%
MetLife Moderate Strategy Portfolio 0.10%
MetLife Balanced Strategy Portfolio 0.10%
MetLife Growth Strategy Portfolio 0.10%
MetLife Aggressive Strategy Portfolio 0.10%
Xxx Xxxxxx Xxxxxxxx Portfolio 0.80%