AMENDMENT NO. 15 FOURTH AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
Exhibit (h)(2)(xxxii)
AMENDMENT NO. 15
FOURTH AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
Amendment No. 15 to the Fourth Amended and Restated Expense Limitation Agreement, effective as of May 1, 2009, between AXA Equitable Life Insurance Company (“AXA Equitable” or the “Manager”) and EQ Advisors Trust (the “Trust”) (“Amendment No. 15”).
The Manager and Trust hereby agree to modify and amend the Fourth Amended and Restated Expense Limitation Agreement dated as of May 1, 2002, as amended, (“Agreement”), between them as follows:
| 1. | New Portfolios. AXA Equitable and the Trust have determined to add the following new Portfolios to the Agreement on the terms and conditions contained in the Agreement: |
AXA Tactical Manager 500 Portfolio-I
AXA Tactical Manager 500 Portfolio-II
AXA Tactical Manager 500 Portfolio-III
AXA Tactical Manager 2000 Portfolio-I
AXA Tactical Manager 2000 Portfolio-II
AXA Tactical Manager 2000 Portfolio-III
AXA Tactical Manager 400 Portfolio-I
AXA Tactical Manager 400 Portfolio-II
AXA Tactical Manager 400 Portfolio-III
AXA Tactical Manager International Portfolio-I
AXA Tactical Manager International Portfolio-II
AXA Tactical Manager International Portfolio-III
AXA Conservative Strategy Portfolio
AXA Conservative Growth Strategy Portfolio
AXA Balanced Strategy Portfolio
AXA Moderate Growth Strategy Portfolio
AXA Growth Strategy Portfolio
(each, a “New Portfolio” and collectively, the “New Portfolios”)
| 2. | Name Changes. The following Portfolio names shall be changed as follows: |
| Current Name |
New Name | |
| EQ/AllianceBernstein Value Portfolio | EQ/Large Cap Value PLUS Portfolio | |
| EQ/Franklin Income Portfolio | EQ/AXA Franklin Income Core Portfolio | |
| EQ/Franklin Small Cap Value Portfolio | EQ/AXA Franklin Small Cap Value Core Portfolio | |
| EQ/Franklin Xxxxxxxxx Founding Strategy Portfolio | EQ/AXA Franklin Xxxxxxxxx Founding Strategy Core Portfolio | |
| EQ/Xxxxxxx Focus Portfolio | EQ/Focus PLUS Portfolio | |
| EQ/Mutual Shares Portfolio | EQ/AXA Mutual Shares Core Portfolio | |
| EQ/Xxxxxxxxx Growth Portfolio | EQ/AXA Xxxxxxxxx Growth Core Portfolio |
| 3. | Expense Limitation—Applicable Expense Limit. The following sentence is added to the end of Paragraph 1.1 of the Agreement: |
Unless otherwise indicated by the Maximum Annual Operating Expense Limit as set forth in Schedule A hereto, expenses of other investment companies in which a Portfolio invests shall also be excluded for purposes of determining Fund Operating Expenses.
| 4. | Expense Limitation—Method of Computation. The word “no” is added to the second to last sentence of Paragraph 1.3 between “to an amount” and “higher than the Maximum Annual Operating Expense Limit.” |
| 5. | Schedule A. Schedule A to the Agreement, which sets forth the Portfolios of the Trust, is hereby replaced in its entirety by Amendment No. 15 to Schedule A attached hereto. |
| 6. | Schedule B. Schedule B to the Agreement, which sets forth the reimbursement periods for each of the Portfolios of the Trust is hereby replaced in its entirety by the Amendment No. 15 to Schedule 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. 15 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 | |||||||
SCHEDULE A
AMENDMENT NO. 15
FOURTH AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
MAXIMUM ANNUAL OPERATING EXPENSE LIMITS
This Agreement relates to the following Portfolios of the Trust:
| Portfolios |
Maximum Annual Operating Expense Limit | |||||
| (including amounts payable pursuant to Rule 12b-1) |
||||||
| Class IA | Class IB | |||||
| Crossings Aggressive Allocation Portfolio |
0.10 | % | 0.20 | % | ||
| Crossings Conservative Allocation Portfolio |
0.10 | % | 0.20 | % | ||
| Crossings Conservative-Plus Allocation Portfolio |
0.10 | % | 0.20 | % | ||
| Crossings Moderate Allocation Portfolio |
0.10 | % | 0.20 | % | ||
| Crossings Moderate-Plus Allocation Portfolio |
0.10 | % | 0.20 | % | ||
| EQ/AXA Franklin Income Core Portfolio |
1.05 | % | 1.30 | % | ||
| EQ/AXA Franklin Small Cap Value Core Portfolio |
1.05 | % | 1.30 | % | ||
| EQ/AXA Franklin Xxxxxxxxx Founding Strategy Core Portfolio |
0.15 | % | 0.40 | % | ||
| EQ/AXA Mutual Shares Core Portfolio |
1.05 | % | 1.30 | % | ||
| EQ/AXA Xxxxxxxxx Growth Core Portfolio |
1.10 | % | 1.35 | % | ||
| EQ/Focus PLUS Portfolio |
0.75 | % | 1.00 | % | ||
| EQ/International Core PLUS Portfolio |
0.85 | % | 1.10 | % | ||
| EQ/Large Cap Core PLUS Portfolio |
0.75 | % | 1.00 | % | ||
| EQ/Large Cap Growth PLUS Portfolio |
0.75 | % | 1.00 | % | ||
| EQ/Large Cap Value PLUS Portfolio |
0.75 | % | 1.00 | % | ||
| EQ/Mid Cap Value PLUS Portfolio |
0.80 | % | 1.05 | % | ||
| AXA Conservative Strategy Portfolio |
0.700 | %* | 0.950 | %* | ||
| AXA Conservative Growth Strategy Portfolio |
0.750 | %* | 1.000 | %* | ||
| AXA Balanced Strategy Portfolio |
0.800 | %* | 1.050 | %* | ||
| AXA Moderate Growth Strategy Portfolio |
0.850 | %* | 1.100 | %* | ||
| AXA Growth Strategy Portfolio |
0.850 | %* | 1.100 | %* | ||
| AXA Tactical Manager 500 Portfolio-I |
0.70 | % | 0.95 | % | ||
| AXA Tactical Manager 500 Portfolio-II |
0.70 | % | 0.95 | % | ||
| AXA Tactical Manager 500 Portfolio-III |
0.70 | % | 0.95 | % | ||
| AXA Tactical Manager 2000 Portfolio-I |
0.70 | % | 0.95 | % | ||
| AXA Tactical Manager 2000 Portfolio-II |
0.70 | % | 0.95 | % | ||
| AXA Tactical Manager 2000 Portfolio-III |
0.70 | % | 0.95 | % | ||
| AXA Tactical Manager 400 Portfolio-I |
0.70 | % | 0.95 | % | ||
| AXA Tactical Manager 400 Portfolio-II |
0.70 | % | 0.95 | % | ||
| AXA Tactical Manager 400 Portfolio-III |
0.70 | % | 0.95 | % | ||
| AXA Tactical Manager International Portfolio-I |
0.70 | % | 0.95 | % | ||
| AXA Tactical Manager International Portfolio-II |
0.70 | % | 0.95 | % | ||
| AXA Tactical Manager International Portfolio-III |
0.70 | % | 0.95 | % | ||
| EQ/AllianceBernstein International Portfolio |
0.90 | % | 1.15 | % | ||
| EQ/Ariel Appreciation II Portfolio |
0.90 | % | 1.15 | % | ||
| Portfolios |
Maximum Annual Operating Expense Limit | |||||
| (including amounts payable pursuant to Rule 12b-1) |
||||||
| Class IA | Class IB | |||||
| EQ/AXA Xxxxxxxxx Value Long/Short Equity Portfolio |
1.74 | %** | 1.99 | %** | ||
| EQ/BlackRock International Value Portfolio |
1.05 | % | 1.30 | % | ||
| EQ/Xxxxxxx Socially Responsible Portfolio |
0.90 | % | 1.15 | % | ||
| EQ/Capital Guardian Growth Portfolio |
0.70 | % | 0.95 | % | ||
| EQ/Capital Guardian Research Portfolio |
0.72 | % | 0.97 | % | ||
| EQ/Evergreen Omega Portfolio |
0.90 | % | 1.15 | % | ||
| EQ/International ETF Portfolio |
0.40 | % | 0.65 | % | ||
| EQ/JPMorgan Value Opportunities Portfolio |
0.75 | % | 1.00 | % | ||
| EQ/Lord Xxxxxx Growth and Income Portfolio |
0.75 | % | 1.00 | % | ||
| EQ/Lord Xxxxxx Large Cap Core Portfolio |
0.75 | % | 1.00 | % | ||
| EQ/Lord Xxxxxx Mid Cap Value Portfolio |
0.80 | % | 1.05 | % | ||
| EQ/Xxxxxxxxxxx Global Portfolio |
1.10 | % | 1.35 | % | ||
| XX/Xxxxxxxxxxx Xxxx Xxxxxx Xxxxxxxxxxx Xxxxxxxxx |
1.05 | % | 1.30 | % | ||
| XX/Xxxxxxxxxxx Xxxx Xxxxxx Xxxxx Xxx Portfolio |
1.05 | % | 1.30 | % | ||
| EQ/Xxx Xxxxxx Xxxxxxxx Portfolio |
0.75 | % | 1.00 | % | ||
| EQ/Xxx Xxxxxx Mid Cap Growth Portfolio |
0.85 | % | 1.10 | % | ||
| EQ/Xxx Xxxxxx Real Estate Portfolio |
1.01 | % | 1.26 | % | ||
| * | 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. |
| ** | Reflects contractual limitations by Manager to waive its management fee and/or bear certain expenses, excluding dividend expense. |
SCHEDULE B
AMENDMENT NO. 15
FOURTH AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
REIMBURSEMENT PERIOD
| Five Year Reimbursement Period: |
||
| EQ/BlackRock International Value Portfolio EQ/Capital Guardian Growth Portfolio EQ/Evergreen Omega Portfolio EQ/JPMorgan Value Opportunities Portfolio EQ/Large Cap Core PLUS Portfolio EQ/Mid Cap Value PLUS Portfolio |
||
| Three Year Reimbursement Period: | ||
| Crossings Conservative Allocation Portfolio Crossings Conservative-Plus Allocation Portfolio Crossings Moderate Allocation Portfolio Crossings Moderate-Plus Allocation Portfolio |
EQ/AllianceBernstein International Portfolio EQ/Ariel Appreciation II Portfolio EQ/AXA Xxxxxxxxx Value Long/Short Equity Portfolio | |
| Crossings Aggressive Allocation Portfolio | EQ/Xxxxxxx Socially Responsible Portfolio | |
| EQ/Capital Guardian Research Portfolio | ||
| EQ/AXA Franklin Income Core Portfolio EQ/AXA Franklin Small Cap Value Core Portfolio EQ/AXA Franklin Xxxxxxxxx Founding Strategy Core Portfolio EQ/AXA Mutual Shares Core Portfolio EQ/AXA Xxxxxxxxx Growth Core Portfolio EQ/Large Cap Value PLUS Portfolio EQ/Focus PLUS Portfolio EQ/International Core PLUS Portfolio EQ/Large Cap Growth PLUS Portfolio |
EQ/International ETF Portfolio EQ/Lord Xxxxxx Growth and Income Portfolio EQ/Lord Xxxxxx Mid Cap Value Portfolio EQ/Lord Xxxxxx Large Cap Core Portfolio EQ/Xxxxxxxxxxx Global Portfolio EQ/Xxxxxxxxxxx Main Street Opportunity Portfolio EQ/Xxxxxxxxxxx Main Street Small Cap Portfolio EQ/Xxx Xxxxxx Xxxxxxxx Portfolio EQ/Xxx Xxxxxx Mid Cap Growth Portfolio EQ/Xxx Xxxxxx Real Estate Portfolio | |
| AXA Conservative Strategy Portfolio AXA Conservative Growth Strategy Portfolio AXA Balanced Strategy Portfolio AXA Moderate Growth Strategy Portfolio AXA Growth Strategy Portfolio |
AXA Tactical Manager 500 Portfolio-I AXA Tactical Manager 500 Portfolio-II AXA Tactical Manager 500 Portfolio-III AXA Tactical Manager 2000 Portfolio-I AXA Tactical Manager 2000 Portfolio-II AXA Tactical Manager 2000 Portfolio-III AXA Tactical Manager 400 Portfolio-I AXA Tactical Manager 400 Portfolio-II AXA Tactical Manager 400 Portfolio-III AXA Tactical Manager International Portfolio-I AXA Tactical Manager International Portfolio-II AXA Tactical Manager International Portfolio-III | |
