AMENDMENT NO. 19 AMENDED AND RESTATED INVESTMENT MANAGEMENT AGREEMENT
Exhibit (d)(1)(xxxvii)
AMENDMENT NO. 19
AMENDED AND RESTATED
INVESTMENT MANAGEMENT AGREEMENT
Amendment No. 19, effective as of August 16, 2010 (“Amendment No. 19”) 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 ATM Core Bond Portfolio and ATM Government Bond Portfolio (“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, 2010 and may be continued thereafter pursuant to subsection (c) below. |
b. | With respect to the New Portfolios specified in Amendment No. 19, 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 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. | 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 |
4. | 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. 19 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 | Xxxxxx X. Xxxxx | |||||||
Chief Financial Officer and Treasurer | Senior Vice President |
APPENDIX A
AMENDMENT NO. 19
AMENDED AND RESTATED
INVESTMENT MANAGEMENT AGREEMENT
Portfolios
ATM Core Bond Portfolio | EQ/Global Multi-Sector Equity Portfolio | |
ATM Government Bond Portfolio | EQ/Intermediate Government Bond Index Portfolio | |
ATM International Portfolio |
EQ/International Core PLUS Portfolio | |
ATM Large Cap Portfolio |
EQ/International ETF Portfolio | |
ATM Mid Cap Portfolio |
EQ/JPMorgan Value Opportunities Portfolio | |
ATM Small Cap Portfolio |
EQ/Large Cap Core PLUS Portfolio | |
AXA Tactical Manager 2000 Portfolio-I, III |
EQ/Large Cap Growth Index Portfolio | |
AXA Tactical Manager 400 Portfolio-I, III |
EQ/Large Cap Growth PLUS Portfolio | |
AXA Tactical Manager 500 Portfolio-I, III |
EQ/Large Cap Value Index Portfolio | |
AXA Tactical Manager International Portfolio-I, III |
EQ/Large Cap Value PLUS Portfolio | |
EQ/AllianceBernstein International Portfolio |
EQ/Lord Xxxxxx Growth and Income Portfolio | |
EQ/AllianceBernstein Small Cap Growth Portfolio |
EQ/Lord Xxxxxx Large Cap Core Portfolio | |
EQ/AXA Franklin Small Cap Value Core Portfolio |
EQ/Mid Cap Index Portfolio | |
EQ/BlackRock Basic Value Equity Portfolio |
EQ/Mid Cap Value PLUS Portfolio | |
EQ/BlackRock International Value Portfolio |
EQ/Money Market Portfolio | |
EQ/Xxxxxxx Socially Responsible Portfolio |
EQ/Xxxxxx Xxxxxxx Mid Cap Growth Portfolio | |
EQ/Capital Guardian Growth Portfolio |
EQ/Mutual Large Cap Equity Portfolio | |
EQ/Capital Guardian Research Portfolio |
EQ/Xxxxxxxxxxx Global Portfolio | |
EQ/Common Stock Index Portfolio |
EQ/Quality Bond PLUS Portfolio | |
EQ/Core Bond Index Portfolio |
EQ/Small Company Index Portfolio | |
EQ/Xxxxx New York Venture Portfolio |
EQ/Xxxxxxxxx Global Equity Portfolio | |
EQ/Equity 500 Index Portfolio |
EQ/Xxx Xxxxxx Xxxxxxxx Portfolio | |
EQ/Equity Growth PLUS Portfolio |
EQ/Xxxxx Fargo Advantage Omega Growth Portfolio | |
EQ/Franklin Core Balanced Portfolio |
||
EQ/Global Bond PLUS Portfolio |
APPENDIX B
AMENDMENT NO. 19
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 |
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/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/AXA Franklin Small Cap Value Core |
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/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 | % | ||||||||||
EQ/Xxxxx New York Venture |
0.850 | % | 0.800 | % | 0.775 | % | 0.750 | % | 0.725 | % | ||||||||||
EQ/Franklin Core Balanced |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | ||||||||||
EQ/Global Multi-Sector 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 Large Cap Core |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | ||||||||||
EQ/Mutual Large Cap Equity |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % |
(as a percentage of average daily net assets) | ||||||||||||||||||||
Equity Portfolios |
First $1 Billion |
Next $1 Billion |
Next $3 Billion |
Next $5 Billion |
Thereafter | |||||||||||||||
EQ/Xxxxxx Xxxxxxx Mid Cap Growth |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | ||||||||||
EQ/Xxxxxxxxxxx Global |
0.950 | % | 0.900 | % | 0.875 | % | 0.850 | % | 0.825 | % | ||||||||||
EQ/Xxxxxxxxx Global Equity |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | ||||||||||
EQ/Xxx Xxxxxx Xxxxxxxx |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | ||||||||||
EQ/Xxxxx Fargo Advantage Omega Growth |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % |
(as a percentage of average daily net assets) | ||||||||||||||||||||
PLUS Portfolios |
First $2 Billion |
Next $1 Billion |
Next $3 Billion |
Next $5 Billion |
Thereafter | |||||||||||||||
EQ/Equity Growth PLUS |
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 |
0.550 | % | 0.530 | % | 0.510 | % | ||||||
EQ/Quality Bond PLUS |
0.400 | % | 0.380 | % | 0.360 | % |
(as a percentage of average daily net assets) | ||||||||||||
First $4 Billion |
Next $4 Billion |
Thereafter | ||||||||||
Tactical Portfolios |
||||||||||||
ATM Core Bond |
0.450 | % | 0.430 | % | 0.410 | % | ||||||
ATM Government Bond |
0.450 | % | 0.430 | % | 0.410 | % | ||||||
ATM International Portfolio |
0.450 | % | 0.430 | % | 0.410 | % | ||||||
ATM Large Cap Portfolio |
0.450 | % | 0.430 | % | 0.410 | % | ||||||
ATM Mid Cap Portfolio |
0.450 | % | 0.430 | % | 0.410 | % | ||||||
ATM Small Cap Portfolio |
0.450 | % | 0.430 | % | 0.410 | % | ||||||
AXA Tactical Manager 2000 Portfolio-I, III |
0.450 | % | 0.430 | % | 0.410 | % | ||||||
AXA Tactical Manager 400 Portfolio-I, III |
0.450 | % | 0.430 | % | 0.410 | % | ||||||
AXA Tactical Manager 500 Portfolio-I, III |
0.450 | % | 0.430 | % | 0.410 | % | ||||||
AXA Tactical Manager International Portfolio-I, III |
0.450 | % | 0.430 | % | 0.410 | % |