FORM OF AMENDMENT NO. XX TO THE AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT

Exhibit (d)(1)(xi)

FORM OF AMENDMENT NO. XX

TO THE

AMENDED AND RESTATED

FORM OF AMENDMENT NO. XX dated ________, 2023 (Amendment No. XX”), to the Amended and Restated Investment Advisory Agreement dated July 16, 2020 (“Agreement”) between EQ Advisors Trust, a Delaware statutory trust (“Trust”), and Equitable Investment Management Group, LLC, a limited liability company organized in the State of Delaware (“Adviser”).

WHEREAS, the Trust and Adviser desire to add newly registered Portfolios (the “New Portfolios”) to the Agreement;

NOW THEREFORE, the Trust and Adviser agree to modify and amend the Agreement as follows:

New Portfolios. Effective November ___, 2023, the following New Portfolios are hereby added to the Agreement on the terms and conditions contained in the Agreement:

☐

EQ/Aggressive Allocation Portfolio

☐

EQ/Conservative Allocation Portfolio

☐

EQ/Conservative-Plus Allocation Portfolio

☐

EQ/Core Plus Bond Portfolio

☐

EQ/Moderate Allocation Portfolio

☐

EQ/Moderate-Plus Allocation Portfolio

☐

Target 2015 Allocation Portfolio

☐

Target 2025 Allocation Portfolio

☐

Target 2035 Allocation Portfolio

☐

Target 2045 Allocation Portfolio

☐

Target 2055 Allocation Portfolio

(“New Portfolios”)

Duration of Agreement for the New Portfolios.

With respect to the New Portfolios, the Agreement will continue in effect for two years after the applicable date specified in section 1 above and may be continued thereafter pursuant to subsection (b) below.

With respect to the New Portfolios, the Agreement shall continue in effect annually after the applicable date specified in section 1 above 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 New Portfolios. The required shareholder approval of the Agreement or of any continuance of the Agreement shall be effective with respect to the New Portfolios if a majority of the outstanding voting securities of the series (as defined in Rule 18f-2(h) under the 1940 Act) 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.

Appendix A. Appendix A to the Agreement, which sets forth the Portfolios of the Trust for which the Adviser is appointed investment adviser, is hereby replaced in its entirety by Appendix A attached hereto.

Appendix B. Appendix B to the Agreement, which sets forth the fees payable to the Adviser 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. XX as of the date first above set forth.


EQ ADVISORS TRUST		EQUITABLE INVESTMENT MANAGEMENT GROUP, LLC

By:		By:
	Xxxxx Xxxxx		Xxxxxxx Xxxxxxxxx
	Chief Financial Officer and Treasurer		Executive Vice President and Chief Investment Officer

APPENDIX A

FORM OF AMENDMENT NO. XX

AMENDED AND RESTATED

INVESTMENT ADVISORY AGREEMENT

Portfolios


1290 VT Convertible Securities Portfolio		EQ/Emerging Markets Equity PLUS Portfolio
1290 VT DoubleLine Opportunistic Bond Portfolio		EQ/Equity 500 Index Portfolio
1290 VT Equity Income Portfolio		EQ/Fidelity Institutional AM^®Large Cap Portfolio
1290 VT GAMCO Mergers & Acquisitions Portfolio		EQ/Franklin Moderate Allocation Portfolio
1290 VT GAMCO Small Company Value Portfolio		EQ/Franklin Rising Dividends Portfolio
1290 VT High Yield Bond Portfolio		EQ/Franklin Small Cap Value Managed Volatility Portfolio
1290 VT Micro Cap Portfolio		EQ/Global Equity Managed Volatility Portfolio
1290 VT Moderate Growth Allocation Portfolio		EQ/Xxxxxxx Xxxxx Growth Allocation Portfolio
1290 VT Multi-Alternative Strategies Portfolio		EQ/Xxxxxxx Xxxxx Mid Cap Value Portfolio
1290 VT Natural Resources Portfolio		EQ/Xxxxxxx Xxxxx Moderate Growth Allocation Portfolio
1290 VT Real Estate Portfolio		EQ/Growth Strategy Portfolio
1290 VT Small Cap Value Portfolio		EQ/Intermediate Corporate Bond Portfolio
1290 VT SmartBeta Equity ESG Portfolio		EQ/Intermediate Government Bond Portfolio
1290 VT Socially Responsible Portfolio		EQ/International Core Managed Volatility Portfolio
ATM International Managed Volatility Portfolio		EQ/International Equity Index Portfolio
ATM Large Cap Managed Volatility Portfolio		EQ/International Managed Volatility Portfolio
ATM Mid Cap Managed Volatility Portfolio		EQ/International Value Managed Volatility Portfolio
ATM Small Cap Managed Volatility Portfolio		EQ/Invesco Xxxxxxxx Portfolio
EQ/2000 Managed Volatility Portfolio		EQ/Invesco Global Portfolio
EQ/400 Managed Volatility Portfolio		EQ/Invesco Global Real Assets Portfolio
EQ/500 Managed Volatility Portfolio		EQ/Invesco Moderate Allocation Portfolio
EQ/AB Dynamic Aggressive Growth Portfolio		EQ/Invesco Moderate Growth Allocation Portfolio
EQ/AB Dynamic Growth Portfolio		EQ/Janus Enterprise Portfolio
EQ/AB Dynamic Moderate Growth Portfolio		EQ/JPMorgan Growth Allocation Portfolio
EQ/AB Short Duration Government Bond Portfolio		EQ/JPMorgan Growth Stock Portfolio
EQ/AB Small Cap Growth Portfolio		EQ/JPMorgan Value Opportunities Portfolio
EQ/AB Sustainable U.S. Thematic Portfolio		EQ/Large Cap Core Managed Volatility Portfolio
EQ/Aggressive Growth Strategy Portfolio		EQ/Large Cap Growth Index Portfolio
EQ/All Asset Growth Allocation Portfolio		EQ/Large Cap Growth Managed Volatility Portfolio
EQ/American Century Mid Cap Value Portfolio		EQ/Large Cap Value Index Portfolio
EQ/American Century Moderate Growth Allocation Portfolio		EQ/Large Cap Value Managed Volatility Portfolio
EQ/Balanced Strategy Portfolio
EQ/Capital Group Research Portfolio
EQ/ClearBridge Large Cap Growth ESG Portfolio
EQ/ClearBridge Select Equity Managed Volatility Portfolio
EQ/Common Stock Index Portfolio
EQ/Conservative Growth Strategy Portfolio
EQ/Conservative Strategy Portfolio
EQ/Core Bond Index Portfolio


EQ/Lazard Emerging Markets Equity Portfolio		EQ/PIMCO Real Return Portfolio
EQ/Long-Term Bond Portfolio		EQ/PIMCO Total Return ESG Portfolio
EQ/Xxxxxx Xxxxxx Growth Portfolio		EQ/PIMCO Ultra Short Bond Portfolio
EQ/MFS International Growth Portfolio		EQ/Quality Bond PLUS Portfolio
EQ/MFS International Intrinsic Value Portfolio		EQ/Small Company Index Portfolio
EQ/MFS Mid Cap Focused Growth Portfolio		EQ/X. Xxxx Price Health Sciences Portfolio
EQ/MFS Technology Portfolio		EQ/Ultra Conservative Strategy Portfolio
EQ/MFS Utilities Series Portfolio		EQ/Value Equity Portfolio
EQ/Mid Cap Index Portfolio		EQ/Wellington Energy Portfolio
EQ/Mid Cap Value Managed Volatility Portfolio		Equitable Conservative Growth MF/ETF Portfolio
EQ/Moderate Growth Strategy Portfolio		Equitable Growth MF/ETF Portfolio
EQ/Money Market Portfolio		Equitable Moderate Growth MF/ETF Portfolio
EQ/Xxxxxx Xxxxxxx Small Cap Growth Portfolio		Multimanager Aggressive Equity Portfolio
EQ/PIMCO Global Real Return Portfolio		Multimanager Core Bond Portfolio

		Multimanager Technology Portfolio

EQ/Aggressive Allocation Portfolio
EQ/Conservative Allocation Portfolio
EQ/Conservative-Plus Allocation Portfolio
EQ/Core Plus Bond Portfolio
EQ/Moderate Allocation Portfolio
EQ/Moderate-Plus Allocation Portfolio
Target 2015 Allocation Portfolio
Target 2025 Allocation Portfolio
Target 2035 Allocation Portfolio
Target 2045 Allocation Portfolio Target 2055 Allocation Portfolio

APPENDIX B

AMENDMENT NO. 12

AMENDED AND RESTATED

INVESTMENT ADVISORY AGREEMENT

The Trust shall pay the Adviser, 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 $2 Billion			Next $4 Billion			Next $2 Billion			Thereafter
1290 VT Convertible Securities		0.500	%		0.450	%		0.425	%		0.400	%
1290 VT Natural Resources		0.500	%		0.450	%		0.425	%		0.400	%
1290 VT Real Estate		0.500	%		0.450	%		0.425	%		0.400	%
1290 VT Socially Responsible		0.500	%		0.450	%		0.425	%		0.400	%
EQ/Common Stock Index		0.350	%		0.300	%		0.275	%		0.250	%
EQ/Core Bond Index		0.350	%		0.300	%		0.275	%		0.250	%
EQ/Equity 500 Index		0.250	%		0.200	%		0.175	%		0.150	%
EQ/Intermediate Corporate Bond		0.350	%		0.300	%		0.275	%		0.250	%
EQ/Intermediate Government Bond		0.350	%		0.300	%		0.275	%		0.250	%
EQ/International Equity Index		0.400	%		0.350	%		0.325	%		0.300	%
EQ/Large Cap Growth Index		0.350	%		0.300	%		0.275	%		0.250	%
EQ/Large Cap Value Index		0.350	%		0.300	%		0.275	%		0.250	%
EQ/Long-Term Bond		0.350	%		0.300	%		0.275	%		0.250	%
EQ/Mid Cap Index		0.350	%		0.300	%		0.275	%		0.250	%
EQ/Small Company Index		0.250	%		0.200	%		0.175	%		0.150	%


(as a percentage of average daily net assets)
ETF Portfolios	First $2 Billion			Next $4 Billion			Thereafter
1290 VT Multi-Alternative Strategies		0.500	%		0.450	%		0.425	%


(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 $750 Million			Next $750 Million			Next $1 Billion			Next $2.5 Billion			Thereafter
1290 VT Equity Income		0.750	%		0.700	%		0.675	%		0.650	%		0.625	%
1290 VT GAMCO Mergers & Acquisitions		0.900	%		0.850	%		0.825	%		0.800	%		0.775	%
1290 VT GAMCO Small Company Value		0.750	%		0.700	%		0.675	%		0.650	%		0.625	%
1290 VT SmartBeta Equity ESG		0.700	%		0.650	%		0.625	%		0.600	%		0.575	%
EQ/American Century Mid Cap Value		0.900	%		0.850	%		0.825	%		0.800	%		0.775	%


(as a percentage of average daily net assets)
Equity Portfolios	First $750 Million			Next $750 Million			Next $1 Billion			Next $2.5 Billion			Thereafter
EQ/Capital Group Research		0.650	%		0.600	%		0.575	%		0.550	%		0.525	%
EQ/ClearBridge Large Cap Growth ESG		0.650	%		0.600	%		0.575	%		0.550	%		0.525	%
EQ/Fidelity Institutional AM^®Large Cap		0.540	%		0.500	%		0.475	%		0.450	%		0.425	%
EQ/Franklin Rising Dividends		0.600	%		0.550	%		0.510	%		0.490	%		0.475	%
EQ/Xxxxxxx Xxxxx Mid Cap Value		0.770	%		0.750	%		0.725	%		0.680	%		0.670	%
EQ/Invesco Xxxxxxxx		0.650	%		0.600	%		0.575	%		0.550	%		0.525	%
EQ/Invesco Global		0.850	%		0.800	%		0.775	%		0.750	%		0.725	%
EQ/Invesco Global Real Assets		0.735	%		0.700	%		0.675	%		0.650	%		0.625	%
EQ/Janus Enterprise		0.700	%		0.650	%		0.625	%		0.600	%		0.575	%
EQ/JPMorgan Growth Stock		0.750	%		0.700	%		0.675	%		0.650	%		0.625	%
EQ/JPMorgan Value Opportunities		0.600	%		0.550	%		0.525	%		0.500	%		0.475	%
EQ/Lazard Emerging Markets Equity		1.000	%		0.950	%		0.925	%		0.900	%		0.875	%
EQ/Xxxxxx Xxxxxx Growth Portfolio		0.750	%		0.700	%		0.675	%		0.650	%		0.625	%
EQ/MFS International Growth		0.850	%		0.800	%		0.775	%		0.750	%		0.725	%
EQ/MFS International Intrinsic Value		0.860	%		0.820	%		0.700	%		0.700	%		0.700	%
EQ/MFS Mid Cap Focused Growth		0.850	%		0.800	%		0.775	%		0.750	%		0.725	%
EQ/MFS Technology		0.750	%		0.700	%		0.675	%		0.650	%		0.625	%
EQ/MFS Utilities Series		0.730	%		0.700	%		0.670	%		0.650	%		0.625	%
EQ/X. Xxxx Price Health Sciences		0.950	%		0.900	%		0.875	%		0.850	%		0.825	%
EQ/Value Equity		0.560	%		0.540	%		0.520	%		0.500	%		0.475	%
EQ/Wellington Energy		0.850	%		0.800	%		0.775	%		0.750	%		0.725	%


(as a percentage of average daily net assets)
Allocation Portfolios	First $750 Million			Next $750 Million			Next $1 Billion			Next $2.5 Billion			Thereafter
1290 VT Moderate Growth Allocation		0.700	%		0.650	%		0.625	%		0.600	%		0.575	%
EQ/AB Dynamic Aggressive Growth		0.750	%		0.700	%		0.675	%		0.650	%		0.625	%
EQ/AB Dynamic Growth		0.750	%		0.700	%		0.675	%		0.650	%		0.625	%
EQ/AB Dynamic Moderate Growth		0.750	%		0.700	%		0.675	%		0.650	%		0.625	%
EQ/American Century Moderate Growth Allocation		0.800	%		0.750	%		0.725	%		0.700	%		0.675	%
EQ/Franklin Moderate Allocation		0.800	%		0.750	%		0.725	%		0.700	%		0.675	%
EQ/Xxxxxxx Xxxxx Growth Allocation		0.800	%		0.750	%		0.725	%		0.700	%		0.675	%
EQ/Xxxxxxx Xxxxx Moderate Growth Allocation		0.800	%		0.750	%		0.725	%		0.700	%		0.675	%
EQ/Invesco Moderate Allocation		0.800	%		0.750	%		0.725	%		0.700	%		0.675	%
EQ/Invesco Moderate Growth Allocation		0.800	%		0.750	%		0.725	%		0.700	%		0.675	%
EQ/JPMorgan Growth Allocation		0.800	%		0.750	%		0.725	%		0.700	%		0.675	%


(as a percentage of average daily net assets)
Pactive Equity Portfolios	First $750 Million			Next $750 Million			Next $1 Billion			Next $2.5 Billion			Thereafter
1290 VT Micro Cap		0.850	%		0.800	%		0.775	%		0.750	%		0.725	%
1290 VT Small Cap Value		0.800	%		0.750	%		0.725	%		0.700	%		0.675	%
EQ/AB Small Cap Growth		0.550	%		0.500	%		0.475	%		0.450	%		0.425	%
EQ/Emerging Markets Equity PLUS		0.700	%		0.650	%		0.625	%		0.600	%		0.575	%
EQ/Xxxxxx Xxxxxxx Small Cap Growth		0.800	%		0.750	%		0.725	%		0.700	%		0.675	%
Multimanager Aggressive Equity		0.580	%		0.550	%		0.525	%		0.500	%		0.475	%
Multimanager Technology		0.950	%		0.900	%		0.875	%		0.850	%		0.825	%


(as a percentage of average daily net assets)
Pactive Volatility Managed Equity Portfolios	First $750 Million			Next $750 Million			Next $1 Billion			Next $2.5 Billion			Next $2.5 Billion			Thereafter
EQ/ClearBridge Select Equity Managed Volatility		0.700	%		0.665	%		0.635	%		0.610	%		0.560	%		0.540	%
EQ/Franklin Small Cap Value Managed Volatility		0.700	%		0.665	%		0.635	%		0.610	%		0.560	%		0.540	%
EQ/Global Equity Managed Volatility		0.740	%		0.720	%		0.690	%		0.665	%		0.615	%		0.590	%
EQ/International Core Managed Volatility		0.600	%		0.575	%		0.550	%		0.525	%		0.475	%		0.450	%
EQ/International Value Managed Volatility		0.600	%		0.575	%		0.550	%		0.525	%		0.475	%		0.450	%
EQ/Large Cap Core Managed Volatility		0.500	%		0.475	%		0.450	%		0.425	%		0.375	%		0.350	%
EQ/Large Cap Growth Managed Volatility		0.500	%		0.475	%		0.450	%		0.425	%		0.375	%		0.350	%
EQ/Large Cap Value Managed Volatility		0.500	%		0.475	%		0.450	%		0.425	%		0.375	%		0.350	%
EQ/Mid Cap Value Managed Volatility		0.550	%		0.525	%		0.500	%		0.475	%		0.425	%		0.400	%


(as a percentage of average daily net assets)
Pactive Fixed Income Portfolios	First $750 Million			Next $750 Million			Next $1 Billion			Next $2.5 Billion			Thereafter
1290 VT High Yield		0.600	%		0.580	%		0.560	%		0.540	%		0.530	%
EQ/Quality Bond PLUS		0.400	%		0.380	%		0.360	%		0.340	%		0.330	%
Multimanager Core Bond		0.550	%		0.530	%		0.510	%		0.490	%		0.480	%


(as a percentage of average daily net assets)
Fixed Income Portfolios	First $750 Million			Next $750 Million			Next $1 Billion			Next $2.5 Billion			Thereafter
1290 VT DoubleLine Opportunistic Bond		0.600	%		0.575	%		0.550	%		0.530	%		0.520	%
EQ/AB Short Duration Government Bond		0.450	%		0.430	%		0.410	%		0.390	%		0.380	%
EQ/Core PLUS Bond		0.600	%		0.580	%		0.560	%		0.540	%		0.530	%
EQ/PIMCO Global Real Return		0.600	%		0.575	%		0.550	%		0.530	%		0.520	%
EQ/PIMCO Real Return		0.500	%		0.475	%		0.450	%		0.430	%		0.420	%
EQ/PIMCO Total Return ESG		0.500	%		0.475	%		0.450	%		0.430	%		0.420	%
EQ/PIMCO Ultra Short Bond		0.500	%		0.475	%		0.450	%		0.430	%		0.420	%


(as a percentage of average daily net assets)
	First $2 Billion			Next $2 Billion			Next $2 Billion			Next $3 Billion			Next $3 Billion			Thereafter
ATM Portfolios
ATM International Managed Volatility		0.450	%		0.425	%		0.400	%		0.375	%		0.350	%		0.325	%
ATM Large Cap Managed Volatility		0.450	%		0.425	%		0.400	%		0.375	%		0.350	%		0.325	%
ATM Mid Cap Managed Volatility		0.450	%		0.425	%		0.400	%		0.375	%		0.350	%		0.325	%
ATM Small Cap Managed Volatility		0.450	%		0.425	%		0.400	%		0.375	%		0.350	%		0.325	%
EQ/2000 Managed Volatility		0.450	%		0.425	%		0.400	%		0.375	%		0.350	%		0.325	%
EQ/400 Managed Volatility		0.450	%		0.425	%		0.400	%		0.375	%		0.350	%		0.325	%
EQ/500 Managed Volatility		0.450	%		0.425	%		0.400	%		0.375	%		0.350	%		0.325	%
EQ/International Managed Volatility		0.450	%		0.425	%		0.400	%		0.375	%		0.350	%		0.325	%


(as a percentage of average daily net assets)
Strategic Allocation Portfolios	First $1 Billion			Next $1Billion			Next $3 Billion			Next $4 Billion			Next $3 Billion			Thereafter
EQ/Aggressive Growth Strategy		0.100	%		0.0925	%		0.0900	%		0.0875	%		0.0825	%		0.0800	%
EQ/Balanced Strategy		0.100	%		0.0925	%		0.0900	%		0.0875	%		0.0825	%		0.0800	%
EQ/Conservative Growth Strategy		0.100	%		0.0925	%		0.0900	%		0.0875	%		0.0825	%		0.0800	%
EQ/Conservative Strategy		0.100	%		0.0925	%		0.0900	%		0.0875	%		0.0825	%		0.0800	%
EQ/Growth Strategy		0.100	%		0.0925	%		0.0900	%		0.0875	%		0.0825	%		0.0800	%
EQ/Moderate Growth Strategy		0.100	%		0.0925	%		0.0900	%		0.0875	%		0.0825	%		0.0800	%
EQ/Ultra Conservative Strategy		0.100	%		0.0925	%		0.0900	%		0.0875	%		0.0825	%		0.0800	%

(as percentage of daily net assets)

Classic Allocation Portfolios

First
$1 Billion

Next
$1 Billion

Next
$3 Billion

Next
$4 Billion

Next
$3 Billion

Thereafter

EQ/Aggressive Allocation

0.100

0.0925

0.0900

0.0875

0.0825

0.0800

EQ/Conservative Allocation

0.100

0.0925

0.0900

0.0875

0.0825

0.0800

EQ/Conservative-Plus Allocation

0.100

0.0925

0.0900

0.0875

0.0825

0.0800

EQ/Moderate Allocation

0.100

0.0925

0.0900

0.0875

0.0825

0.0800

EQ/Moderate-Plus Allocation

0.100

0.0925

0.0900

0.0875

0.0825

0.0800


(as a percentage of average daily net assets)
EQ/All Asset Growth Allocation	0.100	%


(as a percentage of average daily net assets)
	First $2 Billion			Next $2Billion			Next $2 Billion			Next $3 Billion			Thereafter
Equitable Growth MF/ETF		0.1500	%		0.1425	%		0.1400	%		0.1375	%		0.1350	%
Equitable Moderate Growth MF/ETF		0.1500	%		0.1425	%		0.1400	%		0.1375	%		0.1350	%
Equitable Conservative Growth MF/ETF		0.1500	%		0.1425	%		0.1400	%		0.1375	%		0.1350	%


(as a percentage of average daily net assets)
	First $750 Million			Next $750 Million			Next $1 Billion			Next $2.5 Billion			Thereafter
EQ/AB Sustainable U.S. Thematic		0.650	%		0.600	%		0.575	%		0.550	%		0.525	%


(as percentage of daily net assets)
Target Date Portfolios
Target 2015 Allocation		0.10% of the Portfolio’s average daily net assets
Target 2025 Allocation		0.10% of the Portfolio’s average daily net assets
Target 2035 Allocation		0.10% of the Portfolio’s average daily net assets
Target 2045 Allocation		0.10% of the Portfolio’s average daily net assets
Target 2055 Allocation		0.10% of the Portfolio’s average daily net assets

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FORM OF AMENDMENT NO. XX TO THE AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT

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