FORM OF EQ ADVISORS TRUST AMENDMENT NO. 1 INVESTMENT ADVISORY AGREEMENT
Exhibit (d)(57)(i)
FORM OF
AMENDMENT NO. 1
AMENDMENT NO. 1 to the Investment Advisory Agreement dated as of May 1, 2008 between AXA Equitable Life Insurance Company, a New York stock life insurance corporation (“AXA Equitable” or “Manager”) and Institutional Capital, LLC, a limited liability corporation organized under the state of Delaware (“Adviser”).
AXA Equitable and Adviser agree to modify the Investment Advisory Agreement dated as of May 25, 2007, as amended (“Agreement”) relating to the MarketPLUS Large Cap Core Portfolio of EQ Advisors Trust (“Trust”) as follows:
1. Name Change. The name of the MarketPLUS Large Cap Core Portfolio (“Portfolio”) is changed to EQ/Large Cap Core PLUS Portfolio.
2. Existing Portfolio. The Manager hereby reaffirms its appointment of the Adviser as the investment adviser to the Portfolio.
3. Appendix A. Appendix A to the Agreement setting for the Portfolios of the Trust for which the Adviser is appointed as the investment adviser and the fee payable to the Adviser with respect to the Portfolios is hereby replaced in its entirety by Appendix A attached hereto.
4. 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.
AXA EQUITABLE LIFE INSURANCE COMPANY |
INSTITUTIONAL CAPITAL LLC | |||||||
By: |
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By: |
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Xxxxxx X. Xxxxx | Name: | |||||||
Senior Vice President | Title: |
APPENDIX A
AMENDMENT NO. 1
Portfolios | Annual Advisory Fee Rate*** | |
Large Cap Value Portfolios, which shall consist of the following
EQ/Large Cap Core PLUS Portfolio*
Multimanager Large Cap Value Portfolio,*,
** a series of AXA |
0.50% of the Large Cap Value Portfolios’ average daily net assets up to and including $50 million; and 0.40% of the Large Cap Value Portfolios’ average daily net assets in excess of $50 million and up to and including $100 million; and 0.35% of the Large Cap Value Portfolios’ average daily net assets in excess of $100 million and up to and including $250 million; and 0.30% of the Large Cap Value Portfolios’ average daily net assets in excess of $250 million. |
* | Fee to be paid with respect to this Fund shall be based only on the portion of the Portfolio’s average daily net assets advised by the Adviser, which may be referred to as the “ICAP Allocated Portion.” |
** | Other Allocated Portions are other registered investment companies (or series or portions thereof) that are managed by the Manager and advised by the Adviser, which are classified “Large Cap Value Portfolios.” |
*** | The daily advisory fee for the Large Cap Value Portfolios is calculated by multiplying the aggregate net assets of the Large Cap Value Portfolios at the close of the immediately preceding business day by the annual Advisory Fee Rate calculated as set forth above and then dividing the result by the number of days in the year. The daily fee applicable to each Allocated Portion is the portion of the daily advisory fee for the Large Cap Value Portfolios equal to the Allocated Portion’s net assets relative to the aggregate net assets of the Large Cap Value Portfolios, including the Allocated Portion, used in the fee calculation. |