EQ ADVISORS TRUST AMENDMENT NO. 4 TO THE INVESTMENT ADVISORY AGREEMENT
(d)(2)(iv)
AMENDMENT NO. 4 TO THE
AMENDMENT NO. 4 to the Investment Advisory Agreement effective as of June 1, 2015 (“Amendment No. 4”) between AXA Equitable Funds Management Group, LLC, a limited liability company organized under the laws of the State of Delaware (“FMG LLC” or “Manager”) and X. Xxxx Price Associates, Inc., a Maryland corporation (“X. Xxxx” or “Adviser”).
WHEREAS, FMG LLC and the Adviser desire to modify the fee payable to the Adviser for investment advisory and other services the Adviser provides to the X. Xxxx Allocated Portions.
NOW, THEREFORE, FMG LLC and Adviser agree to modify the Agreement as follows:
1. Appendix A. Appendix A to the Agreement setting forth the Portfolios of the Trust for which the Adviser is appointed as the investment adviser and the fee payable to the Adviser is hereby replaced in its entirety by Appendix A attached hereto.
2. 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. 4 as of the date first set forth above.
| AXA EQUITABLE FUNDS MANAGEMENT GROUP, LLC | X.XXXX PRICE ASSOCIATES, INC. | |||||||||
| By: | /s/ Xxxxxx X. Xxxxx |
By: | /s/ Xxxxxxx X. Xxxxxxxx |
|||||||
| Xxxxxx X. Xxxxx | Name: Xxxxxxx X. Xxxxxxxx | |||||||||
| Chairman, Chief Executive Officer and President | Title: Vice President | |||||||||
APPENDIX A
TO AMENDMENT NO. 4
The Manager shall pay the Adviser on or about the fifth day of each month compensation computed at an annual rate equal to the following:
| Large Cap Growth Portfolios |
Advisory Fee** | |
| AXA Large Cap Growth Managed Volatility Portfolio* EQ/X. Xxxx Price Growth Stock Portfolio Multimanager Aggressive Equity Portfolio*
(collectively, the AXA Large Cap Growth Managed Volatility Portfolio, EQ/X. Xxxx Price Growth Stock Portfolio and Multimanager Aggressive Equity Portfolio are the “X. Xxxx Allocated Portions”) |
0.40% of the X. Xxxx Allocated Portions’ average daily net assets up to and including $250 million; 0.375% of the X. Xxxx Allocated Portions’ average daily net assets in excess of $250 million up to and including $500 million; and 0.35% of the X. Xxxx Allocated Portions’ average daily net assets in excess of $500 million and up to $1 billion. Once the X. Xxxx Allocated Portions’ average daily net assets exceed $1 billion, the 0.35% advisory fee will apply to all asset levels under and including $1 billion. |
| * | Fee to be paid with respect to this Portfolio 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 “X. Xxxx Allocated Portion”. |
| ** | The daily advisory fee for the X. Xxxx Allocated Portions is calculated by multiplying the aggregate average daily net assets of the X. Xxxx Allocated Portions 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. |
