FORM OF AMENDMENT NO. 9 TO THE INVESTMENT MANAGEMENT AGREEMENT
Exhibit (d)(1)(i)(A)(x)
FORM OF AMENDMENT NO. 9
TO THE
INVESTMENT MANAGEMENT AGREEMENT
AMENDMENT NO. 9 to the Investment Management Agreement (“Amendment No. 9”), effective as of [ , 2014] between EQ Advisors Trust, a Delaware statutory trust (the “Trust”) and AXA Equitable Funds Management Group, LLC, a limited liability company organized in the State of Delaware (“FMG LLC” or “Manager”).
The Trust and FMG LLC agree to modify and amend the Investment Management Agreement, dated as of May 1, 2011, as amended (“Agreement”), as follows:
| 1. | New Portfolios. Effective , 2014, the Trust hereby appoints FMG LLC as the investment manager of the following new Portfolios: |
Multimanager Aggressive Equity Portfolio
Multimanager Core Bond Portfolio
Multimanager Mid Cap Growth Portfolio
Multimanager Mid Cap Value Portfolio
Multimanager Technology Portfolio
(collectively, the “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 Portfolio specified in Appendix A to the Agreement (except as provided below), the Agreement will continue in effect another 12 months beyond August 31, 2013 and may be continued thereafter pursuant to subsection (c) below. |
| b. | With respect to the New Portfolios, the Agreement will continue in effect for two years after the effective date of Amendment No. 9 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”) by a vote cast in person at a meeting called for the purpose of voting on such approval, 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) vote 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. | Name Changes: Effective May 1, 2014, the following Portfolio’s names shall be changed as follows: |
| Current Name |
New Name | |
| EQ/Large Cap Value PLUS |
AXA Large Cap Value Managed Volatility | |
| EQ/Large Cap Core PLUS |
AXA Large Cap Core Managed Volatility | |
| EQ/Large Cap Growth PLUS |
AXA Large Cap Growth Managed Volatility | |
| EQ/International Core PLUS |
AXA International Core Managed Volatility | |
| EQ/Global Multi-Sector Equity |
AXA Global Equity Managed Volatility | |
| EQ/Mid Cap Value PLUS |
AXA Mid Cap Value Managed Volatility | |
| EQ/International Value PLUS |
AXA International Value Managed Volatility | |
| EQ/Mutual Large Cap Equity |
AXA/Mutual Large Cap Equity Managed Volatility | |
| EQ/Xxxxxxxxx Global Equity |
AXA/Xxxxxxxxx Global Equity Managed Volatility | |
| EQ/AXA Franklin Small Cap Value Core |
AXA/Franklin Small Cap Value Managed Volatility | |
| EQ/Franklin Core Balanced |
AXA/Franklin Balanced Managed Volatility | |
| AXA Tactical Manager 500 |
AXA 500 Managed Volatility | |
| AXA Tactical Manager 400 |
AXA 400 Managed Volatility | |
| AXA Tactical Manager 2000 |
AXA 2000 Managed Volatility | |
| AXA Tactical Manager International |
AXA International Managed Volatility | |
| ATM Large Cap |
ATM Large Cap Managed Volatility | |
| ATM Mid Cap |
ATM Mid Cap Managed Volatility | |
| ATM Small Cap |
ATM Small Cap Managed Volatility | |
| ATM International |
ATM International Managed Volatility |
| 4. | Appendix A: Appendix A to the Agreement, which sets forth the Portfolios of the Trust for which FMG LLC is appointed investment manager is hereby replaced in its entirety by Appendix A attached hereto; and |
| 5. | Appendix B: Appendix B to the Agreement, which sets forth the fees payable to FMG LLC 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. 9 as of the date first above set forth.
| EQ ADVISORS TRUST | AXA EQUITABLE FUNDS MANAGEMENT GROUP, LLC | |||||||
| By: |
|
By: |
| |||||
| Xxxxx Xxxxx |
Xxxxxx X. Xxxxx | |||||||
| Chief Financial Officer and Treasurer |
Chairman, Chief Executive Officer and President | |||||||
APPENDIX A
FORM OF AMENDMENT NO. 9 TO
INVESTMENT MANAGEMENT AGREEMENT
Portfolios
| ATM International Managed Volatility Portfolio ATM Large Cap Managed Volatility Portfolio ATM Mid Cap Managed Volatility Portfolio ATM Small Cap Managed Volatility Portfolio AXA 2000 Managed Volatility Portfolio AXA 400 Managed Volatility Portfolio AXA 500 Managed Volatility Portfolio AXA International Managed Volatility Portfolio EQ/AllianceBernstein Dynamic Wealth Strategies Portfolio EQ/AllianceBernstein Short-Term Bond Portfolio EQ/AllianceBernstein Short Duration Government Bond Portfolio EQ/AllianceBernstein Small Cap Growth Portfolio AXA/Franklin Small Cap Value Managed Volatility Portfolio AXA SmartBeta™ Equity Portfolio EQ/BlackRock Basic Value Equity Portfolio EQ/Xxxxxxx Socially Responsible Portfolio EQ/Capital Guardian Research Portfolio EQ/Common Stock Index Portfolio EQ/Convertible Securities Portfolio EQ/Core Bond Index Portfolio EQ/Xxxxx New York Venture Portfolio |
EQ/Emerging Markets Equity PLUS Portfolio EQ/Energy ETF Portfolio EQ/Equity 500 Index Portfolio EQ/Equity Growth PLUS Portfolio AXA/Franklin Balanced Managed Volatility Portfolio EQ/Global Bond PLUS Portfolio AXA Global Equity Managed Volatility Portfolio EQ/High Yield Bond Portfolio EQ/Intermediate Government Bond Portfolio AXA International Core Managed Volatility Portfolio EQ/International Equity Index Portfolio EQ/International ETF Portfolio AXA International Value Managed Volatility Portfolio EQ/Invesco Xxxxxxxx Portfolio EQ/JPMorgan Value Opportunities Portfolio AXA Large Cap Core Managed Volatility Portfolio EQ/Large Cap Growth Index Portfolio AXA Large Cap Growth Managed Volatility Portfolio EQ/Large Cap Value Index Portfolio |
APPENDIX B
AMENDMENT NO. 9 TO
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 |
First $4 Billion |
Next $4 Billion |
Next $2 Billion |
Thereafter | ||||||||||||
| EQ/Xxxxxxx Socially Responsible |
0.500 | % | 0.490 | % | 0.480 | % | 0.470 | % | ||||||||
| EQ/Common Stock Index |
0.350 | % | 0.340 | % | 0.330 | % | 0.320 | % | ||||||||
| EQ/Core Bond Index |
0.350 | % | 0.340 | % | 0.330 | % | 0.320 | % | ||||||||
| EQ/Equity 500 Index |
0.250 | % | 0.240 | % | 0.230 | % | 0.220 | % | ||||||||
| EQ/Intermediate Government Bond |
0.350 | % | 0.340 | % | 0.330 | % | 0.320 | % | ||||||||
| EQ/International Equity Index |
0.400 | % | 0.390 | % | 0.380 | % | 0.370 | % | ||||||||
| EQ/Large Cap Growth Index |
0.350 | % | 0.340 | % | 0.330 | % | 0.320 | % | ||||||||
| EQ/Large Cap Value Index |
0.350 | % | 0.340 | % | 0.330 | % | 0.320 | % | ||||||||
| EQ/Mid Cap Index |
0.350 | % | 0.340 | % | 0.330 | % | 0.320 | % | ||||||||
| EQ/Small Company Index |
0.250 | % | 0.240 | % | 0.230 | % | 0.220 | % | ||||||||
| (as a percentage of average daily net assets) |
||||||||||||||||
| ETF Portfolio |
First $4 Billion |
Next $4 Billion |
Next $2 Billion |
Thereafter | ||||||||||||
| EQ/International ETF |
0.400 | % | 0.390 | % | 0.380 | % | 0.370 | % | ||||||||
| EQ/Energy ETF |
0.500 | % | 0.490 | % | 0.480 | % | 0.470 | % | ||||||||
| EQ/Low Volatility Global ETF |
0.500 | % | 0.490 | % | 0.480 | % | 0.470 | % | ||||||||
| (as a percentage of average daily net assets) |
||||||||||||||||||||
| Money Market Portfolio |
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 | |||||||||||||||
| AXA SmartBeta™ Equity |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | ||||||||||
| EQ/AllianceBernstein Dynamic Wealth Strategies |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | ||||||||||
| (as a percentage of average daily net assets) |
||||||||||||||||||||
| Equity Portfolios |
First $1 Billion |
Next $1 Billion |
Next $3 Billion |
Next $5 Billion |
Thereafter | |||||||||||||||
| AXA/Franklin Small Cap Value Managed Volatility |
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/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 | % | ||||||||||
| AXA/Franklin Balanced Managed Volatility |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | ||||||||||
| AXA Global Equity Managed Volatility |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | ||||||||||
| EQ/Invesco Xxxxxxxx |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | ||||||||||
| EQ/JPMorgan Value Opportunities |
0.600 | % | 0.550 | % | 0.525 | % | 0.500 | % | 0.475 | % | ||||||||||
| EQ/Lord Xxxxxx Large Cap Core |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | ||||||||||
| AXA/Mutual Large Cap Equity Managed Volatility |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | ||||||||||
| 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 | % | ||||||||||
| AXAXA/Xxxxxxxxx Global Equity Managed Volatility |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | ||||||||||
| EQ/Xxxxx Fargo Omega Growth |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | ||||||||||
| (as a percentage of average daily net assets) |
||||||||||||||||||||
| Equity Portfolio |
First $2 Billion |
Next $1 Billion |
Next $3 Billion |
Next $5 Billion |
Thereafter | |||||||||||||||
| EQ/AllianceBernstein Small Cap Growth |
0.550 | % | 0.500 | % | 0.475 | % | 0.450 | % | 0.425 | % | ||||||||||
| Multimanager Aggressive Equity |
0.580 | % | 0.550 | % | 0.525 | % | 0.500 | % | 0.475 | % | ||||||||||
| Multimanager Mid Cap Growth |
0.800 | % | 0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % | ||||||||||
| Multimanager Mid Cap Value |
0.800 | % | 0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % | ||||||||||
| Multimanager Technology |
0.950 | % | 0.900 | % | 0.875 | % | 0.850 | % | 0.825 | % | ||||||||||
| (as a percentage of average daily net assets) |
||||||||||||||||||||
| PLUS Portfolios |
First $2 Billion |
Next $1 Billion |
Next $3 Billion |
Next $5 Billion |
Thereafter | |||||||||||||||
| EQ/Emerging Markets Equity PLUS |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | ||||||||||
| EQ/Equity Growth PLUS |
0.500 | % | 0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | ||||||||||
| AXA International Core Managed Volatility |
0.600 | % | 0.550 | % | 0.525 | % | 0.500 | % | 0.475 | % | ||||||||||
| AXA International Value Managed Volatility |
0.600 | % | 0.550 | % | 0.525 | % | 0.500 | % | 0.475 | % | ||||||||||
| AXA Mid Cap Value Managed Volatility |
0.550 | % | 0.500 | % | 0.475 | % | 0.450 | % | 0.425 | % | ||||||||||
| AXA Large Cap Growth Managed Volatility |
0.500 | % | 0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | ||||||||||
| AXA Large Cap Core Managed Volatility |
0.500 | % | 0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | ||||||||||
| AXA Large Cap Value Managed Volatility |
0.500 | % | 0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | ||||||||||
| EQ/Natural Resources PLUS |
0.550 | % | 0.500 | % | 0.475 | % | 0.450 | % | 0.425 | % | ||||||||||
| EQ/Real Estate PLUS |
0.550 | % | 0.500 | % | 0.475 | % | 0.450 | % | 0.425 | % |
|
(as a percentage of average daily net assets) |
||||||||||||
| PLUS Portfolios |
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 | % | ||||||
| Multimanager Core Bond |
0.550 | % | 0.530 | % | 0.510 | % | ||||||
|
(as a percentage of average daily net assets) |
||||||||||||
| Fixed Income Portfolios |
First $2 Billion |
Next $2 Billion |
Thereafter | |||||||||
| EQ/AllianceBernstein Short-Term Bond |
0.450 | % | 0.430 | % | 0.410 | % | ||||||
| EQ/AllianceBernstein Short Duration Government Bond |
0.450 | % | 0.430 | % | 0.410 | % | ||||||
|
(as a percentage of average daily net assets) |
||||||||||||
| Fixed Income Portfolios |
First $4 Billion |
Next $4 Billion |
Thereafter | |||||||||
| EQ/Convertible Securities |
0.700 | % | 0.680 | % | 0.660 | % | ||||||
| EQ/High Yield Bond |
0.600 | % | 0.580 | % | 0.560 | % | ||||||
| (as a percentage of average daily net assets) |
||||||||||||||||||||
| Fixed Income Portfolio |
First $750 Million |
Next $750 Million |
Next $1 Billion |
Next $2.5 Billion |
Thereafter | |||||||||||||||
| EQ/PIMCO Global Real Return |
0.600 | % | 0.575 | % | 0.550 | % | 0.530 | % | 0.520 | % | ||||||||||
| (as a percentage of average daily net assets) |
||||||||||||||||
| Tactical Portfolios |
First $3 Billion |
Next $4 Billion |
Next $3 Billion |
Thereafter | ||||||||||||
| ATM International Managed Volatility |
0.450 | % | 0.430 | % | 0.410 | % | 0.400 | % | ||||||||
| ATM Large Cap Managed Volatility |
0.450 | % | 0.430 | % | 0.410 | % | 0.400 | % | ||||||||
| ATM Mid Cap Managed Volatility |
0.450 | % | 0.430 | % | 0.410 | % | 0.400 | % | ||||||||
| ATM Small Cap Managed Volatility |
0.450 | % | 0.430 | % | 0.410 | % | 0.400 | % | ||||||||
| AXA 2000 Managed Volatility |
0.450 | % | 0.430 | % | 0.410 | % | 0.400 | % | ||||||||
| AXA 400 Managed Volatility |
0.450 | % | 0.430 | % | 0.410 | % | 0.400 | % | ||||||||
| AXA 500 Managed Volatility |
0.450 | % | 0.430 | % | 0.410 | % | 0.400 | % | ||||||||
| AXA International Managed Volatility |
0.450 | % | 0.430 | % | 0.410 | % | 0.400 | % | ||||||||
