AMENDMENT NO. 16 TO THE INVESTMENT MANAGEMENT AGREEMENT

(d)(1)(i)(A)(xvii)

AMENDMENT NO. 16

TO THE

AMENDMENT NO. 16 effective as of December 21, 2015 (“Amendment No. 16”), to the Investment Management Agreement, dated as of May 1, 2011, as amended (“Agreement”), 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 Agreement as follows:

New Portfolio. The AXA/Xxxx Xxxxx Strategic Allocation Portfolio (the “New Portfolio”) is hereby added to the Agreement on the terms and conditions contained in the Agreement.

Duration of Agreement.

With respect to the New Portfolio, the Agreement will continue in effect for two years after December 21, 2015 and may be continued thereafter pursuant to subsection (b) below.

With respect to the New Portfolio, the Agreement shall continue in effect annually after the date specified in subsection (a) 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 Portfolio. The required shareholder approval of the Agreement or of any continuance of the Agreement shall be effective with respect to the New 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.

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

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. 16 as of the date first above set forth.


EQ ADVISORS TRUST		AXA EQUITABLE FUNDS MANAGEMENT GROUP, LLC

By:	/s/ Xxxxx Xxxxx	By:	/s/ Xxxxxx X. Xxxxx
	Xxxxx Xxxxx		Xxxxxx X. Xxxxx
	Chief Financial Officer and Treasurer		Chairman, Chief Executive Officer and President

APPENDIX A

AMENDMENT NO. 16 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 Global Equity Managed Volatility Portfolio

AXA International Core Managed Volatility Portfolio

AXA International Managed Volatility Portfolio

AXA International Value Managed Volatility Portfolio

AXA Large Cap Core Managed Volatility Portfolio

AXA Large Cap Growth Managed Volatility Portfolio

AXA Large Cap Value Managed Volatility Portfolio

AXA Mid Cap Value Managed Volatility Portfolio

AXA Natural Resources Portfolio

AXA SmartBeta Equity Portfolio

AXA/AB Dynamic Growth Portfolio

AXA/AB Dynamic Moderate Growth Portfolio

AXA/AB Short Duration Government Bond Portfolio

AXA/AB Small Cap Growth Portfolio

AXA/DoubleLine Opportunistic Core Plus Bond Portfolio

AXA/Franklin Balanced Managed Volatility Portfolio

AXA/Franklin Small Cap Value Managed Volatility Portfolio

AXA/Xxxxxxx Xxxxx Strategic Allocation Portfolio

AXA/Horizon Small Cap Value Portfolio

AXA/Invesco Strategic Allocation Portfolio

AXA/Xxxx Xxxxx Strategic Allocation Portfolio

AXA/Lord Xxxxxx Micro Cap Portfolio

AXA/Xxxxxx Xxxxxxx Small Cap Growth Portfolio

AXA/Mutual Large Cap Equity Managed Volatility Portfolio

AXA/Pacific Global Small Cap Value Portfolio

AXA/Xxxxxxxxx Global Equity Managed Volatility 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/Emerging Markets Equity PLUS Portfolio

EQ/Energy ETF Portfolio

EQ/Equity 500 Index Portfolio

EQ/Global Bond PLUS Portfolio

EQ/High Yield Bond Portfolio

EQ/Intermediate Government Bond Portfolio

EQ/International Equity Index Portfolio

EQ/Invesco Xxxxxxxx Portfolio

EQ/JPMorgan Value Opportunities Portfolio

EQ/Large Cap Growth Index Portfolio

EQ/Large Cap Value Index Portfolio

EQ/Low Volatility Global ETF Portfolio

EQ/Mid Cap Index Portfolio

EQ/Money Market Portfolio

EQ/Xxxxxx Xxxxxxx Mid Cap Growth Portfolio

EQ/Xxxxxxxxxxx Global Portfolio

EQ/PIMCO Global Real Return Portfolio

EQ/Quality Bond PLUS Portfolio

EQ/Real Estate PLUS Portfolio

EQ/Small Company Index Portfolio

EQ/Xxxxx Fargo Omega Growth Portfolio

Multimanager Aggressive Equity Portfolio

Multimanager Core Bond Portfolio

Multimanager Mid Cap Growth Portfolio

Multimanager Mid Cap Value Portfolio

Multimanager Technology Portfolio

(d)(1)(i)(A)(xvii)

APPENDIX B

AMENDMENT NO. 16 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 $2 Billion			Next $4 Billion			Next $3 Billion			Next $2 Billion			Thereafter
AXA Natural Resources		0.500	%		0.490	%		0.470	%		0.460	%		0.450	%
EQ/Xxxxxxx Socially Responsible		0.500	%		0.490	%		0.470	%		0.460	%		0.450	%
EQ/Common Stock Index		0.350	%		0.340	%		0.320	%		0.310	%		0.300	%
EQ/Core Bond Index		0.350	%		0.340	%		0.320	%		0.310	%		0.300	%
EQ/Equity 500 Index		0.250	%		0.240	%		0.220	%		0.210	%		0.200	%
EQ/Intermediate Government Bond		0.350	%		0.340	%		0.320	%		0.310	%		0.300	%
EQ/International Equity Index		0.400	%		0.390	%		0.370	%		0.360	%		0.350	%
EQ/Large Cap Growth Index		0.350	%		0.340	%		0.320	%		0.310	%		0.300	%
EQ/Large Cap Value Index		0.350	%		0.340	%		0.320	%		0.310	%		0.300	%
EQ/Mid Cap Index		0.350	%		0.340	%		0.320	%		0.310	%		0.300	%
EQ/Small Company Index		0.250	%		0.240	%		0.220	%		0.210	%		0.200	%

(as a percentage of average daily net assets)


ETF Portfolio	First $2 Billion			Next $4 Billion			Next $3 Billion			Next $2 Billion			Thereafter
EQ/Energy ETF		0.500	%		0.490	%		0.470	%		0.460	%		0.450	%
EQ/Low Volatility Global ETF		0.500	%		0.490	%		0.470	%		0.460	%		0.450	%

(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/Franklin Small Cap Value Managed Volatility		0.700	%		0.650	%		0.625	%		0.600	%		0.575	%
AXA Global Equity Managed Volatility		0.750	%		0.700	%		0.675	%		0.650	%		0.625	%
AXA SmartBeta Equity		0.700	%		0.650	%		0.625	%		0.600	%		0.575	%
AXA/AB Dynamic Growth		0.750	%		0.700	%		0.675	%		0.650	%		0.625	%
AXA/AB Dynamic Moderate Growth		0.750	%		0.700	%		0.675	%		0.650	%		0.625	%
AXA/Franklin Balanced Managed Volatility		0.650	%		0.600	%		0.575	%		0.550	%		0.525	%
AXA/Xxxxxxx Xxxxx Strategic Allocation		0.800	%		0.750	%		0.725	%		0.700	%		0.675	%
AXA/Invesco Strategic Allocation		0.800	%		0.750	%		0.725	%		0.700	%		0.675	%
AXA/Xxxx Xxxxx Strategic Allocation		0.800	%		0.750	%		0.725	%		0.700	%		0.675	%
AXA/Mutual Large Cap Equity Managed Volatility		0.700	%		0.650	%		0.625	%		0.600	%		0.575	%
AXAXA/Xxxxxxxxx Global Equity 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/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/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	%
EQ/Xxxxx Fargo Omega Growth		0.650	%		0.600	%		0.575	%		0.550	%		0.525	%

(as a percentage of average daily net assets)


Equity Portfolios	First $2 Billion			Next $1 Billion			Next $3 Billion			Next $5 Billion			Thereafter
AXA/AB Small Cap Growth		0.550	%		0.500	%		0.475	%		0.450	%		0.425	%
AXA/Horizon Small Cap Value		0.800	%		0.750	%		0.725	%		0.700	%		0.675	%
AXA/Lord Xxxxxx Micro Cap		0.850	%		0.800	%		0.775	%		0.750	%		0.725	%
AXA/Xxxxxx Xxxxxxx Small Cap Growth		0.800	%		0.750	%		0.725	%		0.700	%		0.675	%
AXA/Pacific Global Small Cap Value		0.800	%		0.750	%		0.725	%		0.700	%		0.675	%
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
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 Large Cap Core Managed Volatility		0.500	%		0.450	%		0.425	%		0.400	%		0.375	%
AXA Large Cap Growth 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	%
AXA Mid Cap Value Managed Volatility		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/Real Estate PLUS		0.550	%		0.500	%		0.475	%		0.450	%		0.425	%

(as a percentage of average daily net assets)


PLUS Portfolios	First $2 Billion			Next $4 Billion			Next $3 Billion			Next $2 Billion			Thereafter
EQ/Global Bond PLUS		0.550	%		0.530	%		0.510	%		0.490	%		0.480	%
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 $2 Billion			Next $2 Billion			Thereafter
AXA/AB Short Duration Government Bond		0.450	%		0.430	%		0.410	%

(as a percentage of average daily net assets)


Fixed Income Portfolios	First $2 Billion			Next $4 Billion			Next $3 Billion			Next $2 Billion			Thereafter
EQ/Convertible Securities		0.700	%		0.680	%		0.660	%		0.640	%		0.630	%
EQ/High Yield Bond		0.600	%		0.580	%		0.560	%		0.540	%		0.530	%

(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)


Fixed Income Portfolio	First $750 Million			Next $750 Million			Next $1 Billion			Next $2.5 Billion			Thereafter
AXA/DoubleLine Opportunistic Core Plus Bond		0.600	%		0.575	%		0.550	%		0.530	%		0.520	%

(as a percentage of average daily net assets)


Tactical Portfolios	First $2 Billion			Next $4 Billion			Next $3 Billion			Next $2 Billion			Thereafter
ATM International Managed Volatility		0.450	%		0.430	%		0.410	%		0.400	%		0.390	%
ATM Large Cap Managed Volatility		0.450	%		0.430	%		0.410	%		0.400	%		0.390	%
ATM Mid Cap Managed Volatility		0.450	%		0.430	%		0.410	%		0.400	%		0.390	%
ATM Small Cap Managed Volatility		0.450	%		0.430	%		0.410	%		0.400	%		0.390	%
AXA 2000 Managed Volatility		0.450	%		0.430	%		0.410	%		0.400	%		0.390	%
AXA 400 Managed Volatility		0.450	%		0.430	%		0.410	%		0.400	%		0.390	%
AXA 500 Managed Volatility		0.450	%		0.430	%		0.410	%		0.400	%		0.390	%
AXA International Managed Volatility		0.450	%		0.430	%		0.410	%		0.400	%		0.390	%

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AMENDMENT NO. 16 TO THE INVESTMENT MANAGEMENT AGREEMENT

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