AMENDMENT NO. 2 TO THE AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT
Exhibit (d)(1)(ii)
AMENDMENT NO. 2
TO THE
AMENDED AND RESTATED
AMENDMENT NO. 2 dated February 26, 2021 (“Amendment No. 2”) to the Amended and Restated Investment Advisory Agreement dated as of July 16, 2020 (“Agreement”) between EQ Advisors Trust, a Delaware statutory trust (the “Trust”), with respect to each series of the Trust (each, a “Portfolio”), and Equitable Investment Management Group, LLC, a limited liability company organized in the State of Delaware (“EIM” or “Adviser”).
WHEREAS, the Trust has determined not to proceed with the registration of certain new portfolios of the Trust described in Amendment No. 1 dated February 1, 2021 to the Agreement; and
WHEREAS, the names of EQ/Xxxx Xxxxx Growth Allocation Portfolio and EQ/Xxxx Xxxxx Moderate Allocation Portfolio will change to EQ/Franklin Growth Allocation Portfolio and EQ/Franklin Moderate Allocation Portfolio, respectively, effective May 1, 2021;
NOW THEREFORE, the Trust and EIM agree to modify and amend the Agreement as follows:
1. | Appendix A. Appendix A to the Agreement, which sets forth the Portfolios of the Trust for which EIM is appointed investment adviser, is hereby replaced in its entirety by Appendix A attached hereto. |
2. | Appendix B. Appendix B to the Agreement, which sets forth the fees payable to EIM 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. 2 as of the date first above set forth.
EQ ADVISORS TRUST | EQUITABLE INVESTMENT MANAGEMENT GROUP, LLC
| |||||
By: | /s/ Xxxxx Xxxxx |
By: | /s/ Xxxxxxx Xxxxxxxxx | |||
Xxxxx Xxxxx | Xxxxxxx Xxxxxxxxx | |||||
Chief Financial Officer and | Director, Executive Vice President and Chief | |||||
Treasurer | Investment Officer |
1
APPENDIX A
AMENDMENT NO. 2
AMENDED AND RESTATED
Portfolios
2
3
APPENDIX B
AMENDMENT NO. 2
AMENDED AND RESTATED
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 |
Thereafter | |||||||||
1290 VT Natural Resources |
0.500 | % | 0.450 | % | 0.425 | % | ||||||
1290 VT Real Estate |
0.500 | % | 0.450 | % | 0.425 | % | ||||||
1290 VT Socially Responsible |
0.500 | % | 0.450 | % | 0.425 | % | ||||||
EQ/Common Stock Index |
0.350 | % | 0.300 | % | 0.275 | % | ||||||
EQ/Core Bond Index |
0.350 | % | 0.300 | % | 0.275 | % | ||||||
EQ/Equity 500 Index |
0.250 | % | 0.200 | % | 0.175 | % | ||||||
EQ/Intermediate Government Bond |
0.350 | % | 0.300 | % | 0.275 | % | ||||||
EQ/International Equity Index |
0.400 | % | 0.350 | % | 0.325 | % | ||||||
EQ/Large Cap Growth Index |
0.350 | % | 0.300 | % | 0.275 | % | ||||||
EQ/Large Cap Value Index |
0.350 | % | 0.300 | % | 0.275 | % | ||||||
EQ/Mid Cap Index |
0.350 | % | 0.300 | % | 0.275 | % | ||||||
EQ/Small Company Index |
0.250 | % | 0.200 | % | 0.175 | % | ||||||
(as a percentage of average daily net assets) |
||||||||||||
ETF Portfolios |
First $2 Billion |
Next $4 Billion |
Thereafter | |||||||||
1290 VT Energy |
0.500 | % | 0.450 | % | 0.425 | % | ||||||
1290 VT Low Volatility Global Equity |
0.500 | % | 0.450 | % | 0.425 | % | ||||||
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 |
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 | % | ||||||||||
EQ/Capital Group Research |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | ||||||||||
EQ/ClearBridge Large Cap Growth |
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 | % |
(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/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 Real Estate Assets |
0.735 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | ||||||||||
EQ/Invesco International Growth |
0.710 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | ||||||||||
EQ/Janus Enterprise |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | ||||||||||
EQ/JPMorgan Value Opportunities |
0.600 | % | 0.550 | % | 0.525 | % | 0.500 | % | 0.475 | % | ||||||||||
EQ/Invesco Global |
0.850 | % | 0.800 | % | 0.775 | % | 0.750 | % | 0.725 | % | ||||||||||
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 Growth Stock |
0.750 | % | 0.700 | % | 0.675 | % | 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 DoubleLine Dynamic Allocation |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | ||||||||||
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/AXA Investment Managers Moderate Allocation |
0.800 | % | 0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % | ||||||||||
EQ/First Trust Moderate Growth Allocation |
0.800 | % | 0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % | ||||||||||
EQ/Xxxxxxx Sachs 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 | % | ||||||||||
EQ/Franklin Growth Allocation (formerly, EQ/Xxxx Xxxxx Growth Allocation) |
0.800 | % | 0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % | ||||||||||
EQ/Franklin Moderate Allocation (formerly, EQ/Xxxx Xxxxx Moderate 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 |
Thereafter | |||||||||||||||
EQ/ClearBridge Select Equity Managed Volatility |
0.700 | % | 0.665 | % | 0.635 | % | 0.610 | % | 0.560 | % | ||||||||||
EQ/Franklin Balanced Managed Volatility |
0.650 | % | 0.615 | % | 0.585 | % | 0.560 | % | 0.510 | % | ||||||||||
EQ/Franklin Small Cap Value Managed Volatility |
0.700 | % | 0.665 | % | 0.635 | % | 0.610 | % | 0.560 | % | ||||||||||
EQ/Global Equity Managed Volatility |
0.740 | % | 0.720 | % | 0.690 | % | 0.665 | % | 0.615 | % | ||||||||||
EQ/International Core Managed Volatility |
0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | 0.475 | % | ||||||||||
EQ/International Value Managed Volatility |
0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | 0.475 | % | ||||||||||
EQ/Large Cap Core Managed Volatility |
0.500 | % | 0.475 | % | 0.450 | % | 0.425 | % | 0.375 | % | ||||||||||
EQ/Large Cap Growth Managed Volatility |
0.500 | % | 0.475 | % | 0.450 | % | 0.425 | % | 0.375 | % | ||||||||||
EQ/Large Cap Value Managed Volatility |
0.500 | % | 0.475 | % | 0.450 | % | 0.425 | % | 0.375 | % | ||||||||||
EQ/Mid Cap Value Managed Volatility |
0.550 | % | 0.525 | % | 0.500 | % | 0.475 | % | 0.425 | % | ||||||||||
(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 Convertible Securities |
0.700 | % | 0.680 | % | 0.660 | % | 0.640 | % | 0.630 | % | ||||||||||
1290 VT High Yield |
0.600 | % | 0.580 | % | 0.560 | % | 0.540 | % | 0.530 | % | ||||||||||
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 $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/Franklin Strategic Income |
0.590 | % | 0.490 | % | 0.440 | % | 0.430 | % | 0.370 | % | ||||||||||
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 |
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 |
Thereafter | ||||||||||||||||
ATM Portfolios |
||||||||||||||||||||
ATM International Managed Volatility |
0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | 0.350 | % | ||||||||||
ATM Large Cap Managed Volatility |
0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | 0.350 | % | ||||||||||
ATM Mid Cap Managed Volatility |
0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | 0.350 | % | ||||||||||
ATM Small Cap Managed Volatility |
0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | 0.350 | % | ||||||||||
EQ/2000 Managed Volatility |
0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | 0.350 | % | ||||||||||
EQ/400 Managed Volatility |
0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | 0.350 | % | ||||||||||
EQ/500 Managed Volatility |
0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | 0.350 | % | ||||||||||
EQ/International Managed Volatility |
0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | 0.350 | % | ||||||||||
(as a percentage of average daily net assets) |
||||||||||||||||||||
Strategic Allocation Portfolios |
First $2 Billion |
Next $2 Billion |
Next $2 Billion |
Next $3 Billion |
Thereafter | |||||||||||||||
EQ/Aggressive Growth Strategy |
0.1000 | % | 0.0925 | % | 0.0900 | % | 0.0875 | % | 0.0850 | % | ||||||||||
EQ/Balanced Strategy |
0.1000 | % | 0.0925 | % | 0.0900 | % | 0.0875 | % | 0.0850 | % | ||||||||||
EQ/Conservative Growth Strategy |
0.1000 | % | 0.0925 | % | 0.0900 | % | 0.0875 | % | 0.0850 | % | ||||||||||
EQ/Conservative Strategy |
0.1000 | % | 0.0925 | % | 0.0900 | % | 0.0875 | % | 0.0850 | % | ||||||||||
EQ/Growth Strategy |
0.1000 | % | 0.0925 | % | 0.0900 | % | 0.0875 | % | 0.0850 | % | ||||||||||
EQ/Moderate Growth Strategy |
0.1000 | % | 0.0925 | % | 0.0900 | % | 0.0875 | % | 0.0850 | % | ||||||||||
EQ/Ultra Conservative Strategy |
0.1000 | % | 0.0925 | % | 0.0900 | % | 0.0875 | % | 0.0850 | % | ||||||||||
(as a percentage of average daily net assets) |
||||||||||||||||||||
EQ/All Asset Growth Allocation |
0.100 | % |
* | Effective May 1, 2021, the names of EQ/Invesco Global Real Estate Portfolio, EQ/Xxxx Xxxxx Growth Allocation Portfolio and EQ/Xxxx Xxxxx Moderate Allocation Portfolio are changed to EQ/Invesco Global Real Assets Portfolio, EQ/Franklin Growth Allocation Portfolio and EQ/Franklin Moderate Allocation Portfolio, respectively. |