AMENDMENT NO. 9 EXPENSE LIMITATION AGREEMENT
Exhibit (h)(3)(x)
AMENDMENT NO. 9
Amendment No. 9, effective as of June 1, 2014 to the Expense Limitation Agreement between AXA Equitable Funds Management Group, LLC (“FMG LLC” or the “Manager”) and EQ Advisors Trust (the “Trust”) (“Amendment No. 9”).
The Manager and Trust hereby agree to modify and amend the Expense Limitation Agreement dated as of May 1, 2011, as amended, (“Agreement”), between them as follows:
| 1. | New Portfolios. FMG LLC and the Trust have determined to add the following new Portfolios to the Agreement: |
Multimanager Aggressive Equity Portfolio
Multimanager Core Bond Portfolio
Multimanager Mid Cap Growth Portfolio
Multimanager Mid Cap Value Portfolio
Multimanager Technology Portfolio
(each, a “New Portfolio” and collectively, the “New Portfolios”)
| 2. | Terms and Conditions of Agreement with respect to New Portfolios. The New Portfolios will be added to the Agreement on the terms and conditions contained in the Agreement, except that the Agreement shall continue in effect for the New Portfolios until June 30, 2015. |
| 3. | Schedule A. Schedule A to the Agreement, which sets forth the Portfolios of the Trust, is hereby replaced in its entirety by Amendment No. 9 to Schedule A 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. 9 as of the date first above set forth.
| EQ ADVISORS TRUST | AXA EQUITABLE FUNDS MANAGEMENT GROUP, LLC | |||||||
| By: | /s/ Xxxxx Xxxxx | By: | /s/ Xxxxxx X. Xxxxx | |||||
| Xxxxx Xxxxx | Xxxxxx X. Xxxxx | |||||||
| Chief Financial Officer and Treasurer | Chairman, Chief Executive Officer and President | |||||||
SCHEDULE A
AMENDMENT NO. 9
MAXIMUM ANNUAL OPERATING EXPENSE LIMITS
This Agreement relates to the following Portfolios of the Trust:
| Maximum Annual Operating Expense Limit | ||||||||||||
| Portfolio |
Class K | Class IA+ | Class IB+ | |||||||||
| AXA/Franklin Balanced Managed Volatility Portfolio |
1.05 | % | 1.30 | % | 1.30 | % | ||||||
| AXA/Franklin Small Cap Value Managed Volatility Portfolio |
1.05 | % | 1.30 | % | 1.30 | % | ||||||
| AXA/Franklin Xxxxxxxxx Allocation Managed Volatility Portfolio |
0.15 | % | 0.40 | % | 0.40 | % | ||||||
| AXA/Mutual Large Cap Equity Managed Volatility Portfolio |
1.05 | % | 1.30 | % | 1.30 | % | ||||||
| AXA/Xxxxxxxxx Global Equity Managed Volatility Portfolio |
1.10 | % | 1.35 | % | 1.35 | % | ||||||
| AXA International Core Managed Volatility Portfolio |
0.85 | % | 1.10 | % | 1.10 | % | ||||||
| AXA International Value Managed Volatility Portfolio |
0.85 | % | 1.10 | % | 1.10 | % | ||||||
| AXA Large Cap Core Managed Volatility Portfolio |
0.75 | % | 1.00 | % | 1.00 | % | ||||||
| AXA Large Cap Growth Managed Volatility Portfolio |
0.75 | % | 1.00 | % | 1.00 | % | ||||||
| AXA Large Cap Value Managed Volatility Portfolio |
0.75 | % | 1.00 | % | 1.00 | % | ||||||
| AXA Mid Cap Value Managed Volatility Portfolio |
0.80 | % | 1.05 | % | 1.05 | % | ||||||
| EQ/Emerging Markets Equity PLUS Portfolio |
1.00 | % | N/A | 1.25 | % | |||||||
| EQ/Equity Growth PLUS Portfolio |
0.75 | % | 1.00 | % | 1.00 | % | ||||||
| EQ/Global Bond PLUS Portfolio |
0.75 | % | 1.00 | % | 1.00 | % | ||||||
| EQ/Natural Resources PLUS Portfolio |
0.85 | % | N/A | 1.10 | % | |||||||
| EQ/Quality Bond PLUS Portfolio |
0.60 | % | 0.85 | % | 0.85 | % | ||||||
| EQ/Real Estate PLUS Portfolio |
0.85 | % | N/A | 1.10 | % | |||||||
| All Asset Aggressive-Alt 25 Portfolio |
0.40 | % | N/A | 0.65 | % | |||||||
| All Asset Aggressive-Alt 50 Portfolio |
0.40 | % | N/A | 0.65 | % | |||||||
| All Asset Aggressive-Alt 75 Portfolio |
0.40 | % | N/A | 0.65 | % | |||||||
| All Asset Growth – Alt 20 Portfolio |
0.40 | % | N/A | 0.65 | % | |||||||
| All Asset Moderate Growth-Alt 15 Portfolio |
0.40 | % | N/A | 0.65 | % | |||||||
| AXA Aggressive Strategy Portfolio |
0.90 | %* | N/A | 1.15 | %* | |||||||
| AXA Balanced Strategy Portfolio |
0.80 | %* | 1.05 | %* | 1.05 | %* | ||||||
| AXA Conservative Growth Strategy Portfolio |
0.75 | %* | 1.00 | %* | 1.00 | %* | ||||||
| AXA Conservative Strategy Portfolio |
0.70 | %* | 0.95 | %* | 0.95 | %* | ||||||
| AXA Growth Strategy Portfolio |
0.85 | %* | 1.10 | %* | 1.10 | %* | ||||||
| AXA Moderate Growth Strategy Portfolio |
0.85 | %* | 1.10 | %* | 1.10 | %* | ||||||
| AXA Ultra Conservative Strategy Portfolio |
0.70 | %* | 0.95 | %* | 0.95 | %* | ||||||
| ATM International Managed Volatility Portfolio |
0.70 | % | 0.95 | % | 0.95 | % | ||||||
| ATM Large Cap Managed Volatility Portfolio |
0.70 | % | 0.95 | % | 0.95 | % | ||||||
| ATM Mid Cap Managed Volatility Portfolio |
0.70 | % | 0.95 | % | 0.95 | % | ||||||
| ATM Small Cap Managed Volatility Portfolio |
0.70 | % | 0.95 | % | 0.95 | % | ||||||
| Maximum Annual Operating Expense Limit | ||||||||||||
| Portfolio |
Class K | Class IA+ | Class IB+ | |||||||||
| AXA 2000 Managed Volatility Portfolio |
0.70 | % | 0.95 | % | 0.95 | % | ||||||
| AXA 400 Managed Volatility Portfolio |
0.70 | % | 0.95 | % | 0.95 | % | ||||||
| AXA 500 Managed Volatility Portfolio |
0.70 | % | 0.95 | % | 0.95 | % | ||||||
| AXA International Managed Volatility Portfolio |
0.70 | % | 0.95 | % | 0.95 | % | ||||||
| AXA SmartBeta™ Equity Portfolio |
1.00 | % | N/A | 1.25 | % | |||||||
| AXA/Horizon Small Cap Value Portfolio |
1.00 | % | N/A | 1.25 | % | |||||||
| AXA/Lord Xxxxxx Micro Cap Portfolio |
1.05 | % | N/A | 1.30 | % | |||||||
| AXA/Xxxxxx Xxxxxxx Small Cap Growth Portfolio |
1.00 | % | N/A | 1.25 | % | |||||||
| AXA/Pacific Global Small Cap Value Portfolio |
1.00 | % | N/A | 1.25 | % | |||||||
| EQ/AllianceBernstein Dynamic Wealth Strategies Portfolio |
0.95 | % | 1.20 | % | 1.20 | % | ||||||
| EQ/AllianceBernstein Short Duration Government Bond Portfolio |
0.65 | % | 0.90 | % | 0.90 | % | ||||||
| EQ/AllianceBernstein Short-Term Bond Portfolio |
0.65 | % | 0.90 | % | 0.90 | % | ||||||
| EQ/BlackRock Basic Value Equity Portfolio |
0.70 | % | 0.95 | % | 0.95 | % | ||||||
| EQ/Boston Advisors Equity Income Portfolio |
0.80 | % | 1.05 | % | 1.05 | % | ||||||
| EQ/Xxxxxxx Socially Responsible Portfolio |
0.90 | % | 1.15 | % | 1.15 | % | ||||||
| EQ/Capital Guardian Research Portfolio |
0.72 | % | 0.97 | % | 0.97 | % | ||||||
| EQ/Convertible Securities Portfolio |
1.05 | % | N/A | 1.30 | % | |||||||
| EQ/Core Bond Index Portfolio |
0.47 | % | 0.72 | % | 0.72 | % | ||||||
| EQ/Xxxxx New York Venture Portfolio |
0.90 | % | 1.15 | % | 1.15 | % | ||||||
| EQ/Energy ETF Portfolio |
0.70 | % | N/A | 0.95 | % | |||||||
| EQ/High Yield Bond Portfolio |
0.95 | % | N/A | 1.20 | % | |||||||
| EQ/International ETF Portfolio |
0.55 | % | 0.80 | % | 0.80 | % | ||||||
| EQ/Invesco Xxxxxxxx Portfolio |
0.75 | % | 1.00 | % | 1.00 | % | ||||||
| EQ/JPMorgan Large Cap Value Portfolio |
0.75 | % | 1.00 | % | 1.00 | % | ||||||
| EQ/Lord Xxxxxx Large Cap Core Portfolio |
0.75 | % | 1.00 | % | 1.00 | % | ||||||
| EQ/Low Volatility Global ETF Portfolio |
0.70 | % | N/A | 0.95 | % | |||||||
| EQ/MFS International Growth Portfolio |
1.00 | % | 1.25 | % | 1.25 | % | ||||||
| EQ/Montag & Xxxxxxxx Growth Portfolio |
0.90 | % | 1.15 | % | 1.15 | % | ||||||
| EQ/Xxxxxx Xxxxxxx Mid Cap Growth Portfolio |
0.85 | % | 1.10 | % | 1.10 | % | ||||||
| EQ/Xxxxxxxxxxx Global Portfolio |
1.00 | % | 1.25 | % | 1.25 | % | ||||||
| EQ/PIMCO Global Real Return Portfolio |
0.75 | % | N/A | 1.00 | % | |||||||
| EQ/PIMCO Ultra Short Bond Portfolio |
0.60 | % | 0.85 | % | 0.85 | % | ||||||
| EQ/X. Xxxx Price Growth Stock Portfolio |
0.85 | % | 1.10 | % | 1.10 | % | ||||||
| EQ/UBS Growth and Income Portfolio |
0.80 | % | 1.05 | % | 1.05 | % | ||||||
| EQ/Xxxxx Fargo Omega Growth Portfolio |
0.80 | % | 1.05 | % | 1.05 | % | ||||||
| Multimanager Aggressive Equity Portfolio |
0.80 | % | 1.05 | % | 1.05 | % | ||||||
| Multimanager Core Bond Portfolio |
1.00 | % | 1.25 | % | 1.25 | % | ||||||
| Multimanager Mid Cap Growth Portfolio |
1.00 | % | 1.25 | % | 1.25 | % | ||||||
| Multimanager Mid Cap Value Portfolio |
1.00 | % | 1.25 | % | 1.25 | % | ||||||
| Multimanager Technology Portfolio |
1.15 | % | 1.40 | % | 1.40 | % | ||||||
| * | For purposes of calculating the Maximum Annual Operating Expense Limit, the expenses of other investment companies in which the Portfolio invests are included in Fund Operating Expenses. |
| + | Includes amounts payable pursuant to Rule 12b-1 of the Investment Company Act of 1940. |
