TO THE INVESTMENT MANAGEMENT AGREEMENT
(d)(1)(i)(A)(xxii)
AMENDMENT NO. 21
TO THE
INVESTMENT MANAGEMENT AGREEMENT
AMENDMENT NO. 21 effective as of September 1, 2017 (“Amendment No. 21”), to the Investment Management Agreement, dated as of May 1, 2011, as amended (“Agreement”), between EQ Advisors Trust, a Delaware statutory trust (the “Trust”), and AXA Equitable Funds Management Group, LLC, a limited liability company organized in the State of Delaware (“FMG LLC” or “Manager”).
WHEREAS, FMG LLC and the Trust desire to modify the fees and breakpoint schedules with respect to certain Portfolios, as highlighted in Appendix B.
NOW, THEREFORE, The Trust and FMG LLC agree to modify and amend the Agreement as follows:
1. | Removed Portfolio. All references to AXA/Pacific Global Small Cap Value Portfolio are hereby removed from the Agreement. |
2. | Appendix A: Appendix A to the Agreement, which sets forth the Portfolios of the Trust for which FMG LLC is appointed investment manager is hereby replaced in its entirety by Appendix A attached hereto; and |
3. | Appendix B: Appendix B to the Agreement, which sets forth the fees payable to FMG LLC 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. 21 as of the date first above set forth.
AXA EQUITABLE FUNDS MANAGEMENT GROUP, LLC | ||||||
By: |
/s/Xxxxx Xxxxx |
By: | /s/Xxxxxx Xxxx | |||
Xxxxx Xxxxx |
Xxxxxx Xxxx | |||||
Chief Financial Officer and |
Senior Vice President and | |||||
Treasurer |
Chief Operating Officer |
APPENDIX A
AMENDMENT NO. 21 TO
INVESTMENT MANAGEMENT AGREEMENT
Portfolios
1290 VT Convertible Securities Portfolio 1290 VT DoubleLine Dynamic Allocation 1290 VT DoubleLine Opportunistic Bond 1290 VT Energy Portfolio 1290 VT High Yield Bond Portfolio 1290 VT Low Volatility Global Equity Portfolio 1290 VT Natural Resources Portfolio 1290 VT Real Estate Portfolio 1290 VT Small Cap Value Portfolio 1290 VT SmartBeta Equity Portfolio 1290 VT Socially Responsible Portfolio |
AXA/Franklin Balanced Managed Volatility AXA/Franklin Small Cap Value Managed AXA/Xxxxxxx Xxxxx Strategic Allocation Portfolio AXA/Invesco Strategic Allocation Portfolio AXA/Janus Enterprise Portfolio AXA/Xxxx Xxxxx Strategic Allocation Portfolio AXA/Xxxxxx Xxxxxxx Small Cap Growth AXA/Mutual Large Cap Equity Managed AXA/Templeton Global Equity Managed | |
ATM International Managed Volatility Portfolio ATM Large Cap Managed Volatility Portfolio ATM Mid Cap Managed Volatility Portfolio ATM Small Cap Managed Volatility Portfolio AXA 2000 Managed Volatility Portfolio AXA 400 Managed Volatility Portfolio AXA 500 Managed Volatility Portfolio AXA Global Equity Managed Volatility Portfolio AXA International Core Managed Volatility AXA International Managed Volatility Portfolio AXA International Value Managed Volatility Portfolio AXA Large Cap Core Managed Volatility AXA Large Cap Growth Managed Volatility AXA Large Cap Value Managed Volatility AXA Mid Cap Value Managed Volatility AXA/AB Dynamic Growth Portfolio AXA/AB Dynamic Moderate Growth Portfolio AXA/AB Short Duration Government Bond Portfolio AXA/AB Small Cap Growth Portfolio AXA/ClearBridge Large Cap Growth Portfolio |
EQ/BlackRock Basic Value Equity Portfolio EQ/Capital Guardian Research Portfolio EQ/Common Stock Index Portfolio EQ/Core Bond Index Portfolio EQ/Emerging Markets Equity PLUS Portfolio EQ/Equity 500 Index Portfolio EQ/Global Bond PLUS Portfolio EQ/Intermediate Government Bond Portfolio EQ/International Equity Index Portfolio EQ/Invesco Xxxxxxxx Portfolio EQ/JPMorgan Value Opportunities Portfolio EQ/Large Cap Growth Index Portfolio EQ/Large Cap Value Index Portfolio EQ/Mid Cap Index Portfolio EQ/Money Market Portfolio EQ/Xxxxxxxxxxx Global Portfolio EQ/PIMCO Global Real Return Portfolio EQ/Quality Bond PLUS Portfolio EQ/Small Company Index Portfolio
Multimanager Aggressive Equity Portfolio Multimanager Core Bond Portfolio Multimanager Mid Cap Growth Portfolio Multimanager Mid Cap Value Portfolio Multimanager Technology Portfolio |
APPENDIX B
AMENDMENT NO. 21 TO
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
|
First $2 Billion
|
Next $4 Billion
|
Thereafter
|
|||||||||
1290 VT Natural Resources |
0.500% | 0.450% | 0.425% | |||||||||
1290 VT Real Estate |
0.500% | 0.450% | 0.425% | |||||||||
1290 VT Socially Responsible |
0.500% | 0.450% | 0.425% | |||||||||
EQ/Common Stock Index |
0.350% | 0.300% | 0.275% | |||||||||
EQ/Core Bond Index |
0.350% | 0.300% | 0.275% | |||||||||
EQ/Equity 500 Index |
0.250% | 0.200% | 0.175% | |||||||||
EQ/Intermediate Government Bond |
0.350% | 0.300% | 0.275% | |||||||||
EQ/International Equity Index |
0.400% | 0.350% | 0.325% | |||||||||
EQ/Large Cap Growth Index |
0.350% | 0.300% | 0.275% | |||||||||
EQ/Large Cap Value Index |
0.350% | 0.300% | 0.275% | |||||||||
EQ/Mid Cap Index |
0.350% | 0.300% | 0.275% | |||||||||
EQ/Small Company Index |
0.250% | 0.200% | 0.175% | |||||||||
(as a percentage of average daily net assets)
|
||||||||||||
ETF Portfolios |
First $2 Billion |
Next $4 Billion |
Thereafter | |||||||||
1290 VT Energy |
0.500% | 0.450% | 0.425% | |||||||||
1290 VT Low Volatility Global Equity |
0.500% | 0.450% | 0.425% |
(as a percentage of average daily net assets) | ||||||||||
Money Market Portfolio |
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 | |||||||
|
||||||||||||||||||||
AXA/Franklin Small Cap Value Managed Volatility |
0.700% | 0.650% | 0.625% | 0.600% | 0.575% | |||||||||||||||
1290 VT DoubleLine Dynamic Allocation |
0.750% | 0.700% | 0.675% | 0.650% | 0.625% | |||||||||||||||
1290 VT SmartBeta Equity |
0.700% | 0.650% | 0.625% | 0.600% | 0.575% | |||||||||||||||
AXA Global Equity Managed Volatility |
0.750% | 0.700% | 0.675% | 0.650% | 0.625% | |||||||||||||||
AXA/AB Dynamic Growth |
0.750% | 0.700% | 0.675% | 0.650% | 0.625% | |||||||||||||||
AXA/AB Dynamic Moderate Growth |
0.750% | 0.700% | 0.675% | 0.650% | 0.625% | |||||||||||||||
AXA/ClearBridge Large Cap Growth |
0.650% | 0.600% | 0.575% | 0.550% | 0.525% | |||||||||||||||
AXA/Franklin Balanced Managed Volatility |
0.650% | 0.600% | 0.575% | 0.550% | 0.525% | |||||||||||||||
AXA/Xxxxxxx Xxxxx Strategic Allocation |
0.800% | 0.750% | 0.725% | 0.700% | 0.675% | |||||||||||||||
AXA/Invesco Strategic Allocation |
0.800% | 0.750% | 0.725% | 0.700% | 0.675% | |||||||||||||||
AXA/Janus Enterprise |
0.700% | 0.650% | 0.625% | 0.600% | 0.575% | |||||||||||||||
AXA/Xxxx Xxxxx Strategic Allocation |
0.800% | 0.750% | 0.725% | 0.700% | 0.675% | |||||||||||||||
AXA/Mutual Large Cap Equity Managed Volatility |
0.700% | 0.650% | 0.625% | 0.600% | 0.575% | |||||||||||||||
AXA/Templeton Global Equity Managed Volatility |
0.700% | 0.650% | 0.625% | 0.600% | 0.575% | |||||||||||||||
EQ/BlackRock Basic Value Equity |
0.600% | 0.550% | 0.525% | 0.500% | 0.475% | |||||||||||||||
EQ/Capital Guardian Research |
0.650% | 0.600% | 0.575% | 0.550% | 0.525% | |||||||||||||||
EQ/Invesco Xxxxxxxx |
0.650% | 0.600% | 0.575% | 0.550% | 0.525% | |||||||||||||||
EQ/JPMorgan Value Opportunities |
0.600% | 0.550% | 0.525% | 0.500% | 0.475% | |||||||||||||||
EQ/Oppenheimer Global |
0.950% | 0.900% | 0.875% | 0.850% | 0.825% |
(as a percentage of average daily net assets) | ||||||||||||||||||||
Pactive Equity Portfolios |
|
First $1 Billion |
|
|
Next $1 Billion |
|
|
Next $3 Billion |
|
|
Next $5 Billion |
|
Thereafter | |||||||
|
||||||||||||||||||||
1290 VT Micro Cap |
0.850% | 0.800% | 0.775% | 0.750% | 0.725% | |||||||||||||||
1290 VT Small Cap Value |
0.800% | 0.750% | 0.725% | 0.700% | 0.675% | |||||||||||||||
AXA/AB Small Cap Growth |
0.550% | 0.500% | 0.475% | 0.450% | 0.425% | |||||||||||||||
AXA/Xxxxxx Xxxxxxx Small Cap Growth |
0.800% | 0.750% | 0.725% | 0.700% | 0.675% | |||||||||||||||
EQ/Emerging Markets Equity PLUS |
0.700% | 0.650% | 0.625% | 0.600% | 0.575% | |||||||||||||||
Multimanager Aggressive Equity |
0.580% | 0.550% | 0.525% | 0.500% | 0.475% | |||||||||||||||
Multimanager Mid Cap Growth |
0.800% | 0.750% | 0.725% | 0.700% | 0.675% | |||||||||||||||
Multimanager Mid Cap Value |
0.800% | 0.750% | 0.725% | 0.700% | 0.675% | |||||||||||||||
Multimanager Technology |
0.950% | 0.900% | 0.875% | 0.850% | 0.825% |
(as a percentage of average daily net assets) | ||||||||||||||||||||
Pactive Volatility Managed Equity Portfolios |
|
First $1 Billion |
|
|
Next $1 Billion |
|
|
Next $3 Billion |
|
|
Next $5 Billion |
|
Thereafter | |||||||
AXA International Core Managed Volatility |
0.600% | 0.575% | 0.525% | 0.500% | 0.475% | |||||||||||||||
AXA International Value Managed Volatility |
0.600% | 0.575% | 0.525% | 0.500% | 0.475% | |||||||||||||||
AXA Large Cap Core Managed Volatility |
0.500% | 0.475% | 0.425% | 0.400% | 0.375% | |||||||||||||||
AXA Large Cap Growth Managed Volatility |
0.500% | 0.475% | 0.425% | 0.400% | 0.375% | |||||||||||||||
AXA Large Cap Value Managed Volatility |
0.500% | 0.475% | 0.425% | 0.400% | 0.375% | |||||||||||||||
AXA Mid Cap Value Managed Volatility |
0.550% | 0.525% | 0.475% | 0.450% | 0.425% | |||||||||||||||
|
||||||||||||||||||||
(as a percentage of average daily net assets) | ||||||||||||||||||||
Pactive Fixed Income Portfolios |
|
First $1 Billion |
|
|
Next $1 Billion |
|
|
Next $3 Billion |
|
|
Next $5 Billion |
|
Thereafter | |||||||
1290 VT Convertible Securities |
0.700% | 0.680% | 0.660% | 0.640% | 0.630% | |||||||||||||||
1290 VT High Yield |
0.600% | 0.580% | 0.560% | 0.540% | 0.530% | |||||||||||||||
EQ/Global Bond PLUS |
0.550% | 0.530% | 0.510% | 0.490% | 0.480% | |||||||||||||||
EQ/Quality Bond PLUS |
0.400% | 0.380% | 0.360% | 0.340% | 0.330% | |||||||||||||||
Multimanager Core Bond |
0.550% | 0.530% | 0.510% | 0.490% | 0.480% | |||||||||||||||
|
||||||||||||||||||||
(as a percentage of average daily net assets) | ||||||||||||||||||||
Fixed Income Portfolios |
|
First $750 Million |
|
|
Next $750 Million |
|
|
Next $1 Billion |
|
|
Next $2.5 Billion |
|
Thereafter | |||||||
AXA/AB Short Duration Government Bond |
0.450% | 0.430% | 0.410% | 0.390% | 0.380% | |||||||||||||||
EQ/PIMCO Global Real Return |
0.600% | 0.575% | 0.550% | 0.530% | 0.520% | |||||||||||||||
1290 VT DoubleLine Opportunistic Bond |
0.600% | 0.575% | 0.550% | 0.530% | 0.520% |
(as a percentage of average daily net assets) | ||||||||
First $2 Billion |
Next $4 Billion |
Next $3 Billion |
Thereafter | |||||
ATM Portfolios |
||||||||
ATM International Managed Volatility |
0.450% | 0.425% | 0.400% | 0.350% | ||||
ATM Large Cap Managed Volatility |
0.450% | 0.425% | 0.400% | 0.350% | ||||
ATM Mid Cap Managed Volatility |
0.450% | 0.425% | 0.400% | 0.350% | ||||
ATM Small Cap Managed Volatility |
0.450% | 0.425% | 0.400% | 0.350% | ||||
AXA 2000 Managed Volatility |
0.450% | 0.425% | 0.400% | 0.350% | ||||
AXA 400 Managed Volatility |
0.450% | 0.425% | 0.400% | 0.350% | ||||
AXA 500 Managed Volatility |
0.450% | 0.425% | 0.400% | 0.350% | ||||
AXA International Managed Volatility |
0.450% | 0.425% | 0.400% | 0.350% |