EQ ADVISORS TRUST AMENDMENT NO. 1 TO THE INVESTMENT SUB-ADVISORY AGREEMENT
Exhibit (d)(10)(ii)
AMENDMENT NO. 1 TO THE
INVESTMENT SUB-ADVISORY AGREEMENT
AMENDMENT NO. 1, effective as of March 1, 2022 (“Amendment No. 1”), to the Investment Sub-Advisory Agreement dated as of July 16, 2020 (“Agreement”) between Equitable Investment Management Group, LLC, a limited liability company organized under the laws of the State of Delaware (“EIM” or “Adviser”) and GAMCO Asset Management, Inc., a corporation organized in the State of New York (“GAMCO” or “Sub-Adviser”).
EIM and GAMCO agree to modify the Agreement as follows:
1. | Appendix A. Appendix A to the Agreement setting forth the portfolio(s) (or an allocated portion thereof) (“Portfolios”) of EQ Advisors Trust for which GAMCO is appointed as the Sub-Adviser and the fee payable to the Sub-Adviser with respect to the Portfolios is hereby replaced in its entirety by Appendix A attached hereto. |
2. | Ratification. 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. 1 as of the date first set forth above.
EQUITABLE INVESTMENT MANAGEMENT GROUP, LLC | GAMCO ASSET MANAGEMENT, INC. | |||||||
By: |
/s/ Xxxxxxx Xxxxxxxxx Xxxxxxx Xxxxxxxxx Director, Executive Vice President and Chief Investment Officer |
By: | /s/ Xxxxxxx X. Xxxxxxxx Name: Xxxxxxx X. Xxxxxxxx Title: President & COO |
APPENDIX A
TO
AMENDMENT NO. 1 TO THE
INVESTMENT SUB-ADVISORY AGREEMENT
The Adviser shall pay the Sub-Adviser monthly compensation computed daily at an annual rate equal to the following:
Portfolio(s) |
Annual Sub-Advisory Fee Rate* | |
1290 VT GAMCO Small Company Value Portfolio | 0.40% of the Portfolio’s average daily net assets up to and including $1 billion; and 0.30% of the Portfolio’s average daily net assets in excess of $1 billion. | |
1290 VT GAMCO Mergers & Acquisitions Portfolio | 0.45% of the Portfolio’s average daily net assets up to and including $100 million; and 0.40% of the Portfolio’s average daily net assets in excess of $100 million. |
* | The daily sub-advisory fee for the Portfolios is calculated by multiplying the aggregate net assets of the Portfolios at the close of the immediately preceding business day by the Annual Sub-Advisory Fee Rate calculated as set forth above and then dividing the result by the number of days in the year. |