AMENDMENT NO. 1 TO INVESTMENT SUBADVISORY AGREEMENT
AMENDMENT NO. 1 TO INVESTMENT SUBADVISORY AGREEMENT
This Amendment No. 1 to the Investment Subadvisory Agreement (the “Agreement”) dated May 1, 2011, by and between Franklin Advisers, Inc. (the “Subadviser”) and Met Investors Advisory LLC (a predecessor to MetLife Advisers, LLC) (the “Adviser”), with respect to the Met/Franklin Low Duration Total Return Portfolio, a series of Met Investors Series Trust, is entered into effective the 24th day of May, 2011.
WHEREAS the Agreement provides for the Subadviser to provide certain investment advisory services to the Adviser, for which the Subadviser is to receive agreed upon fees; and
WHEREAS the Adviser and the Subadviser desire to make certain changes to the Agreement;
NOW, THEREFORE, for good and valuable consideration, the receipt of which is acknowledged, the Adviser and the Subadviser hereby agree that the Agreement is amended as follows:
1. Schedule A of the Agreement hereby is amended to change the Subadviser’s fee to the following:
Percentage of average daily net assets* | ||
Met/Franklin Low Duration Total Return Portfolio | 0.22% of the Related Portfolios’ first $100 million of such assets plus 0.21% of the Related Portfolios’ assets over $100 million up to $250 million plus 0.20% of the Related Portfolios’ assets over $250 million up to $500 million plus 0.19% of the Related Portfolios’ assets over $500 up to $1 billion plus 0.17% of the Related Portfolios’ assets over $1 billion up to $1.5 billion plus 0.15% of the Related Portfolios’ assets over $1.5 billion
* For purposes of determining the annual subadvisory fee rate pursuant to this Schedule A, the assets of the Met/Franklin Low Duration Total Return Portfolio shall be aggregated with the assets of the Met/Franklin Income Portfolio, Met/Franklin Mutual Shares Portfolio, Met/Templeton Growth Portfolio and Met/Xxxxxxxxx International Bond Portfolio (collectively, the “Related Portfolios”). The aggregated assets will be applied to the above schedule and the resulting effective rate shall be applied to the actual assets of the Met/Franklin Low Duration Total Return Portfolio to determine the annual subadvisory fee rate. |
2. All other terms and conditions of the Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as of the 24th day of May, 2011.
METLIFE ADVISERS, LLC | FRANKLIN ADVISERS, INC. | |||||||
By: | /s/ Xxxxxxx X. Xxxxxx |
By: | /s/ Xxxxxx X. Xxxxxxxx | |||||
Xxxxxxx X. Xxxxxx | Xxxxxx X. Xxxxxxxx | |||||||
Authorized Officer | President |