Contract
Exhibit (d)(4)(i)
FORM OF AMENDMENT NO. 1 TO THE
INVESTMENT SUB-ADVISORY AGREEMENT
FORM OF AMENDMENT NO. 1 effective [ , 2023] (“Amendment No. 1”) to the Investment Sub-Advisory Agreement dated as of January 1, 2023 (“Agreement”) between Equitable Investment Management, LLC, a limited liability company organized under the laws of the State of Delaware (“Adviser”) and Brandywine Global Investment Management, LLC, a limited liability company organized in the State of Delaware (“Brandywine” or “Sub-Adviser”).
WHEREAS, EQ/Core Plus Bond Portfolio, a series of EQ Premier VIP Trust (the “VIP Portfolio”), was reorganized into EQ/Core Plus Bond Portfolio, a series of EQ Advisors Trust (the “EQAT Portfolio”), on November 12, 2023;
NOW THEREFORE, the Adviser and Xxxxxxxxxx have agreed to amend the Agreement to add the EQAT Portfolio and remove the VIP Portfolio from Appendix A;
Appendix A. Appendix A to the Agreement setting forth the portfolios of the Trust for which the Sub-Adviser is appointed as the investment sub-adviser and the fee payable to the Sub-Adviser with respect to the portfolios is hereby replaced in its entirety by Appendix A attached hereto.
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.
EQUITABLE INVESTMENT MANAGEMENT, LLC |
BRANDYWINE GLOBAL INVESTMENT MANAGEMENT, LLC | |||||||
By: |
Xxxxxxx Xxxxxxxxx Executive Vice President and Chief Investment Officer |
By: |
Name: Title: |
APPENDIX A
TO
AMENDMENT NO. 1 TO
INVESTMENT SUB-ADVISORY AGREEMENT
The Adviser shall pay the Sub-Adviser monthly compensation computed daily at an annual rate equal to the following:
Related Funds |
Annual Sub-Advisory Fee Rate** | |
Bond Funds, which shall consist of the following Fund and Other Funds, Portfolios or Sub-Adviser Allocated Portion(s) thereof^:
1290 Diversified Bond Fund
EQ/Core Plus Bond Portfolio, a series of EQ Advisors Trust* |
0.15% of the Bond Funds’ average daily net assets up to and including $100 million; 0.13% of the Bond Funds’ average daily net assets in excess of $100 million and up to and including $500 million; and 0.10% of the Bond Funds’ average daily net assets in excess of $500 million. |
^ | Other Funds, Portfolios or Sub-Adviser Allocated Portions are other registered investment companies (or series or portions thereof) that are advised by the Adviser (or an affiliate of the Adviser) and sub-advised by the Sub-Adviser, which are classified as “Bond Funds.” |
* | 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 Sub-Adviser, which may be referred to as the “Sub-Adviser Allocation Portion.” |
** | The daily sub-advisory fee for the Bond Funds is calculated by multiplying the aggregate net assets of the Fund and Sub-Adviser Allocation Portion at the close of the immediately preceding business day by the Annual Sub-Advisory Fee Rate calculated as set forth above and then dividing the result by the number of days in the year. The daily sub-advisory fee applicable to each Fund and Sub-Adviser Allocation Portion is the portion of the daily sub-advisory fee for the Bond Funds that is equal to the net assets relative to the aggregate net assets of the Fund and Sub-Adviser Allocation Portion, including the Fund and Sub-Adviser Allocation Portion, used in the fee calculation for that day. |