AMENDMENT NO. 8 TO SECURITIES LENDING AGREEMENT
Exhibit (h)(5)(ix)
AMENDMENT NO. 8
TO SECURITIES LENDING AGREEMENT
This amendment (“Amendment”) to the Securities Lending Agreement, dated April 11, 2016, as amended from time to time (“Agreement”), between JPMorgan Chase Bank, National Association (“X.X. Xxxxxx”) and each Equitable investment company identified in Annex A to the Agreement (“Lender”) is effective as of November 29, 2023.
W I T N E S S E T H:
WHEREAS, X.X. Xxxxxx and Xxxxxx entered into the Agreement pursuant to which X.X. Xxxxxx agreed to provide certain services to Lender as more fully described therein;
WHEREAS, X.X. Xxxxxx and Xxxxxx desire to update Schedule 2 to the Agreement; and
WHEREAS, X.X. Xxxxxx and Xxxxxx desire to amend Section 2.3(a) of the Agreement;
NOW THEREFORE, in consideration of the mutual agreements herein contained, X.X. Xxxxxx and Xxxxxx hereby agree as follows:
| 1. | Definitions. Terms defined in the Agreement shall, save to the extent that the context otherwise requires, bear the same respective meanings in this Amendment. |
| 2. | Amendments. |
| 1. | Section 2.3(a) of the Agreement is hereby amended in its entirety to read as follows: |
“(a) Securities may be lent to any Borrower listed in Schedule 2 to this Agreement, in X.X. Xxxxxx’x sole discretion. Schedule 2 to this Agreement may be amended from time to time to add or delete Borrowers with written notice by X.X. Xxxxxx, provided, however, that the addition of any Borrower must be approved in writing by Xxxxxx. In addition, Lender may at any time provide Instructions to X.X. Xxxxxx to delete a Borrower from Schedule 2 to this Agreement, or to restrict a Borrower with respect to a specific Lender or Lenders. Promptly following receipt of those Instructions X.X. Xxxxxx will cease making Loans to that Borrower in accordance with such Instruction and will promptly take the steps set forth in Section 2.2(d) of this Agreement. X.X. Xxxxxx shall have the right to decline to make any Loans to any Borrower and to discontinue lending to any Borrower in its sole discretion and without notice to Lender.”
| 2. | Annex A to the Agreement is hereby amended to reflect the addition of EQ/Core Plus Bond Portfolio. |
| 3. | Schedule 2 to the Agreement is hereby deleted in its entirety and replaced with Schedule 2 attached hereto. |
| 4. | Schedule 4 to the Agreement is hereby deleted in its entirety and replaced with Schedule 4 attached hereto. |
| 5. | Except as modified and amended hereby, the Agreement is hereby ratified and confirmed in full force and effect. |
| 3. | Representations. Each party represents to the other party that all representations contained in the Agreement are true and accurate as of the date of this Amendment, and that such representations are deemed to be given or repeated by each party, as the case may be, on the date of this Amendment. |
| 4. | Entire Agreement. This Amendment and the Agreement and any documents referred to in each of them, constitutes the whole agreement between the parties relating to their subject matter and supersedes and extinguishes any other drafts, agreements, undertakings, representations, warranties and arrangements of any nature, whether in writing or oral, relating to such subject matter. If any of the provisions of this Amendment are inconsistent with or in conflict with any of the provisions of the Agreement then, to the extent of any such inconsistency or conflict, the provisions of this Amendment shall prevail as among the parties. |
| 5. | Counterparts. This Amendment may be executed in any number of counterparts which together shall constitute one agreement. Each party may enter into this Amendment by executing a counterpart and this Amendment shall not take effect until it has been executed by both parties. |
| 6. | Law and Jurisdiction. This Amendment shall be governed by, and construed in accordance with, the law of the State of New York, without regard to the conflict of laws principles thereof. |
[Signature page follows.]
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective authorized officers as of the date first noted above.
| EQ Advisors Trust
On behalf of each of their series listed on Annex A |
JPMorgan Chase Bank, N.A. | |||||||
| By: | /s/ Xxxxx Xxxxx | By: | /s/ Xxxxxx Xxxxxxx | |||||
| Name: | Xxxxx Xxxxx | Name: | Xxxxxx Xxxxxxx | |||||
| Title: | Chief Financial Officer | Title: | Managing Director | |||||
| Date: | 11/29/23 | Date: | November 30, 2023 | |||||
ANNEX A
| EQ Advisors Trust | ||
| 1290 VT Micro Cap Portfolio |
EQ/International Core Managed Volatility Portfolio | |
| 1290 VT CONVERTIBLE SECURITIES PORTFOLIO |
EQ/International Equity Index Portfolio | |
| Equitable Conservative Growth MF/ETF Portfolio |
EQ/International Managed Volatility Portfolio | |
| 1290 VT DoubleLine Opportunistic Bond Portfolio |
EQ/International Value Managed Volatility Portfolio | |
| 1290 VT Equity Income Portfolio |
EQ/INVESCO XXXXXXXX PORTFOLIO | |
| 1290 VT GAMCO Mergers & Acquisitions Portfolio |
EQ/Invesco Global Portfolio | |
| 1290 VT GAMCO Small Company Value Portfolio |
EQ/Invesco Global Real Assets Portfolio | |
| 1290 VT High Yield Bond Portfolio |
EQ/Invesco Moderate Allocation Portfolio | |
| 1290 VT Multi-Alternative Strategies Portfolio |
EQ/Invesco Moderate Growth Allocation Portfolio | |
| 1290 VT Natural Resources Portfolio |
EQ/Janus Enterprise Portfolio | |
| 1290 VT Real Estate Portfolio |
EQ/Large Cap Core Managed Volatility Portfolio | |
| 1290 VT Small Cap Value Portfolio |
EQ/Large Cap Growth Index Portfolio | |
| 1290 VT SmartBeta Equity ESG Portfolio |
EQ/Large Cap Growth Managed Volatility Portfolio | |
| 1290 VT Socially Responsible Portfolio |
EQ/Large Cap Value Index Portfolio | |
| ATM International Managed Volatility Portfolio |
EQ/Large Cap Value Managed Volatility Portfolio | |
| ATM Large Cap Managed Volatility Portfolio |
EQ/Lazard Emerging Markets Equity Portfolio | |
| ATM Mid Cap Managed Volatility Portfolio |
EQ/Long Term-Bond Portfolio | |
| ATM Small Cap Managed Volatility Portfolio |
EQ/Xxxxxx Xxxxxx Growth Portfolio | |
| EQ/ 2000 Managed Volatility Portfolio |
EQ/MFS International Growth Portfolio | |
| EQ/ 400 managed Volatility Portfolio |
EQ/MFS International Intrinsic Value Portfolio | |
| EQ/1290 VT Moderate Growth Allocation Portfolio |
EQ/MFS Mid Cap Focused Growth Portfolio | |
| EQ/500 managed Volatility Portfolio |
EQ/MFS Technology Portfolio | |
| EQ/AB Dynamic Aggressive Growth |
EQ/MFS Utilities Series Portfolio | |
| EQ/AB Dynamic Growth Portfolio |
EQ/Mid Cap Index Portfolio | |
| EQ/AB Dynamic Moderate Growth Portfolio |
EQ/Mid Cap Value Managed Volatility Portfolio | |
| EQ/AB Short Duration Government Bond Portfolio |
EQ/Xxxxxx Xxxxxxx Small Cap Growth Portfolio | |
| EQ/AB Small Cap Growth Portfolio |
EQ/PIMCO Global Real Return Portfolio | |
| EQ/AB Sustainable U.S. Thematic Portfolio |
EQ/PIMCO Real Return Portfolio | |
| EQ/All asset Growth Allocation Portfolio |
EQ/PIMCO Total Return ESG Portfolio | |
| EQ/American Century Mid Cap Value Portfolio |
EQ/PIMCO Ultra Short Bond Portfolio | |
| EQ/American Century Moderate Growth Allocation Portfolio |
EQ/Quality Bond PLUS Portfolio | |
| EQ/Capital Group Research Portfolio |
EQ/Small Company Index Portfolio | |
| EQ/Clearbridge Large Cap Growth ESG Portfolio |
EQ/X. Xxxx Price Health Sciences Portfolio | |
| EQ/Clearbridge Select Equity Managed Volatility Portfolio |
EQ/Value Equity Portfolio | |
| EQ/Common Stock Index Portfolio |
EQ/Wellington Energy Portfolio | |
| EQ/Core Bond Index Portfolio |
Equitable Growth MF/ETF Portfolio | |
| EQ/Emerging Markets Equity Plus Portfolio |
Equitable Moderate Growth MF/ETF Portfolio | |
| EQ/Equity 500 Index Portfolio |
EQ/Franklin Rising Dividends Portfolio | |
| EQ/Fidelity Institutional AM Large Cap Portfolio |
Multimanager Aggressive Equity Portfolio | |
| EQ/Xxxxxxxx Moderate Allocation Portfolio |
Multimanager Core Bond Portfolio | |
| EQ/Franklin Small Cap Value Managed Volatility Portfolio |
Multimanager Technology Portfolio | |
| EQ/Global Equity Managed Volatility Portfolio |
EQ/Intermediate Corporate Bond Portfolio | |
| EQ/Xxxxxxx Xxxxx Growth Allocation Portfolio |
EQ/Core Plus Bond Portfolio | |
| EQ/Xxxxxxx Xxxxx Mid Cap Value Portfolio |
||
| EQ/Xxxxxxx Xxxxx Moderate Growth Allocation |
||
| EQ/Intermediate Government Bond Portfolio |
| 1290 Funds Trust |
| 1290 GAMCO Small/Mid Cap Value Fund |
| 1290 High Yield Bond Fund |
| 1290 Diversified Bond Fund |
| 1290 Smart Beta Equity Fund |
| 1290 Xxxxxx Xxxxxx Multi-Asset Income Fund |
| 1290 Multi-Alternative Strategies Fund |
| 1290 Retirement 2020 Fund |
| 1290 Retirement 2025 Fund |
| 1290 Retirement 2030 Fund |
| 1290 Retirement 2035 Fund |
| 1290 Retirement 2040 Fund |
| 1290 Retirement 2045 Fund |
| 1290 Retirement 2050 Fund |
| 1290 Retirement 2055 Fund |
| 1290 Avantis U.S. Large Cap Growth Fund |
| 1290 Essex Small Cap Growth Fund |
EACH OF THE EIM FUND LENDERS LISTED ON ANNEX A HERETO
SCHEDULE 2
JPMorgan Chase Bank, N.A.
Securities Lending Approved Borrowers
| Borrower Name |
Xxxxxxxx |
Xxxxxx Approves Select * | ||
| Altegris/AACA Opportunistic Real Estate Fund | US | ☐ | ||
| Australia and New Zealand Banking Group Limited | Australia | ☐ | ||
| Banco Santander, S.A. | Spain | ☐ | ||
| Bank of Montreal - London Branch | UK | ☐ | ||
| Bank of Montreal - Chicago and NY Branch | US | ☐ | ||
| Barclays Bank PLC | UK | ☒ | ||
| Barclays Capital Securities Limited | UK | ☒ | ||
| Barclays Capital, Inc. | US | ☒ | ||
| BMO Capital Markets Corp. | US | ☒ | ||
| BMO Capital Markets Limited | UK | ☒ | ||
| BMO Xxxxxxx Xxxxx Inc. | Canada | ☐ | ||
| BNP Paribas Arbitrage SNC | France | ☒ | ||
| BNP Paribas Prime Brokerage International Limited | Ireland | ☒ | ||
| BNP Paribas S.A. | France | ☒ | ||
| BNP Paribas Securities Corp. | US | ☒ | ||
| BofA Securities, Inc. | US | ☒ | ||
| BofA Securities Europe SA | France | ☐ | ||
| Canadian Imperial Bank of Commerce (London Branch) | UK | ☐ | ||
| Cantor Xxxxxxxxxx & Co | US | ☒ | ||
| CF Secured, LLC | US | ☒ | ||
| CIBC World Markets Corp. | US | ☒ | ||
| CIBC World Markets Inc. | Canada | ☒ | ||
| CIBC NY Branch | Canada | ☒ | ||
| Citadel Clearing LLC | US | ☒ | ||
| Citadel Securities LLC | US | ☒ | ||
| Citigroup Global Markets Australia PTY Limited | Australia | ☐ | ||
| Citigroup Global Markets Inc. | US | ☒ | ||
| Citigroup Global Markets Europe AG | Germany | ☐ | ||
| Citigroup Global Markets Limited | UK | ☒ | ||
| CITIGROUP GLOBAL MARKETS JAPAN INC. | JAPAN | ☐ | ||
| Commerzbank AG | Germany | ☐ | ||
| Commonwealth Bank of Australia | Australia | ☐ | ||
| XXXXX AND COMPANY LLC | US | ☒ | ||
| Credit Suisse International | UK | ☐ | ||
| Credit Suisse AG, Dublin Branch | Ireland | ☐ | ||
| Credit Suisse AG, New York Branch | US | ☐ | ||
| Credit Suisse AG, Singapore Branch | Singapore | ☐ | ||
| Credit Suisse Equities (Australia) Limited | Australia | ☐ | ||
| Credit Suisse Securities (Europe) Limited | UK | ☒ |
| Borrower Name |
Xxxxxxxx |
Xxxxxx Approves Select * | ||
| Credit Suisse Securities (USA) LLC | US | ☒ | ||
| CSI Capital Management Ltd. | VIRGIN ISLANDS (BRITISH) | ☐ | ||
| Danske Bank A/S | Denmark | ☐ | ||
| Deutsche Bank AG London Branch | UK | ☒ | ||
| Deutsche Bank Securities Incorporated | US | ☒ | ||
| First Horizon Bank | US | ☐ | ||
| Xxxxxxx Xxxxx & Co. LLC | US | ☒ | ||
| Xxxxxxx Xxxxx International | UK | ☒ | ||
| GUGGENHEIM SECURITIES, LLC | US | ☐ | ||
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Canada | ☐ | ||
| HRT Financial LP | US | ☐ | ||
| HSBC Bank PLC | UK | ☒ | ||
| HSBC Securities (USA), Inc. | US | ☒ | ||
| Hong Kong & Shanghai Bank Corporation Ltd. | Hong Kong | ☐ | ||
| Industrial & Commercial Bank of China Financial Services LLC | US | ☒ | ||
| ING Bank N.V. | Netherlands | ☒ | ||
| ING Bank NV London Branch | UK | ☒ | ||
| ING Financial Markets LLC | US | ☒ | ||
| Interactive Brokers LLC | US | ☐ | ||
| X.X. Xxxxxx Securities Australia Limited** | Australia | ☐ | ||
| JPMorgan Markets Limited ** | UK | ☐ | ||
| X.X. Xxxxxx Securities LLC ** | US | ☒ | ||
| X.X. Xxxxxx Securities PLC ** | UK | ☒ | ||
| Xxxxxx Xxxxxxxxxx Xxxxx LLC | US | ☒ | ||
| Xxxxxxxxx International Limited | UK | ☐ | ||
| Xxxxxxxxx LLC | US | ☒ | ||
| LLoyds Bank Corporate Markets Plc | UK | ☐ | ||
| Lloyds Bank PLC | UK | ☐ | ||
| Macquarie Bank Limited | Australia | ☐ | ||
| Macquarie Bank Limited (London Branch) | UK | ☒ | ||
| Macquarie Capital (USA) Inc. | US | ☒ | ||
| Xxxxxxx Xxxxx Equities (Australia) Limited | Australia | ☐ | ||
| Xxxxxxx Xxxxx International | UK | ☒ | ||
| Mirae Asset Securities (USA) Inc. | US | ☒ | ||
| Mizuho Securities USA LLC | US | ☒ | ||
| Mizuho Securities Co., Ltd. | Japan | ☐ | ||
| Xxxxxx Xxxxxxx & Co. International PLC | UK | ☒ | ||
| Xxxxxx Xxxxxxx & Co., LLC | US | ☒ | ||
| Xxxxxx Xxxxxxx Australia Securities Limited | Australia | ☐ | ||
| Xxxxxx Xxxxxxx Europe SE | Germany | ☐ | ||
| MUFG Securities Americas Inc. | US | ☐ | ||
| MUFG Securities EMEA PLC | UK | ☐ | ||
| National Australia Bank Limited | Australia | ☐ | ||
| National Bank of Canada | Canada | ☐ | ||
| National Bank Financial Inc. | Canada | ☒ |
| Borrower Name |
Xxxxxxxx |
Xxxxxx Approves Select * | ||
| National Financial Services LLC | US | ☒ | ||
| NatWest Markets Plc | UK | ☒ | ||
| NatWest Markets Securities Inc. | US | ☒ | ||
| Natixis SA | France | ☐ | ||
| NBC Global Finance Limited | Ireland | ☒ | ||
| Nomura International PLC | UK | ☒ | ||
| Nomura Securities International, Inc. | US | ☒ | ||
| Pershing LLC | US | ☒ | ||
| RBC Capital Markets LLC | US | ☒ | ||
| RBC Dominion Securities Inc. | Canada | ☐ | ||
| RBC Europe Limited | UK | ☐ | ||
| RBC Toronto Transit | Canada | ☐ | ||
| Royal Bank of Canada - Sydney Branch | Australia | ☐ | ||
| Royal Bank of Canada - NY Branch | US | ☐ | ||
| Royal Bank of Canada London Branch | UK | ☐ | ||
| Santander UK plc | UK | ☐ | ||
| Santander US Capital Markets LLC | US | ☐ | ||
| Scotia Capital (USA) Inc. | US | ☒ | ||
| SG Americas Securities, LLC | US | ☒ | ||
| Skandinaviska Enskilda Xxxxxx XX (publ) | Sweden | ☒ | ||
| Societe Generale - New York Branch | US | ☒ | ||
| Societe Generale London Branch | UK | ☒ | ||
| Societe Generale Paris Branch | France | ☒ | ||
| Standard Chartered Bank | UK | ☐ | ||
| State Street Bank and Trust Company | US | ☒ | ||
| Svenska Handelsbanken AB (publ) | Sweden | ☐ | ||
| TD Prime Services LLC | US | ☒ | ||
| TD Securities (USA) LLC | US | ☒ | ||
| TD Securities Inc. | Canada | ☐ | ||
| The Bank of Nova Scotia | UK | ☒ | ||
| The Bank of Nova Scotia - NY & Houston Branch | US | ☒ | ||
| UBS AG Australia Branch | Australia | ☐ | ||
| UBS AG London Branch | UK | ☒ | ||
| UBS Europe SE | Germany | ☒ | ||
| UBS Securities Australia Ltd | Australia | ☐ | ||
| UBS Securities LLC | US | ☒ | ||
| Virtu Americas LLC | US | ☒ | ||
| Xxxxx Fargo Bank, National Association | US | ☒ | ||
| Xxxxx Fargo Clearing Services, LLC | US | ☒ | ||
| Xxxxx Fargo Securities, LLC | US | ☒ | ||
| Wedbush Securities Inc. | US | ☐ | ||
| Xxxxxxx Kantonalbank | Switzerland | ☐ |
If Lender is an investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”), Lender hereby represents that none of the Borrowers on the above listed schedule is an (A) “affiliated person” of the Lender as defined in Section 2(a)(3) of the 1940 Act, (B) a “promoter” of the Lender as defined in Section 2(a)(30) of the 1940 Act, (C) the “principal underwriter” of the Lender as defined in Section 2(a)(29) of the 1940 Act or (D) an affiliated person of any such person.
| * | Xxxxxx confirms that none of the approved borrowers is an affiliate of Lender. |
| ** | Affiliate of X.X. Xxxxxx: This Borrower is not approved for ERISA Lenders unless specifically authorized in this Agreement, an amendment to this Agreement or separate letter pursuant to Prohibited Transaction Exemption 2009-11 or Prohibited Transaction Exemption 1999-34 from the U.S. Department of Labor. Note that all non-US borrowers in this Schedule satisfy the foreign borrower conditions established under Prohibited Transaction Exemption 2006-16 from the U.S. Department of Labor. |
Lending clients active for the Brazil market acknowledge that, in accordance with the terms and conditions relating to securities activities established by B3 S.A., Securities subject to a Loan are delivered to B3 S.A., as the central counterparty, who further makes the Securities available to borrowing counterparties in accordance with Loans negotiated for the X.X. Xxxxxx securities lending program.
The following Borrowers are active in the Brazil market for X.X. Xxxxxx’x securities lending program:
| B3 S.A. - Banco Bradesco S.A. |
| B3 S.A. - Citigroup Global Markets Limited |
| B3 S.A. - Credit Suisse Securities (Europe) Limited |
| B3 S.A. - Deutsche Bank Securities Incorporated |
| B3 S.A. - Xxxxxxx Xxxxx International |
| B3 S.A. - X.X. Xxxxxx Whitefriars Inc. |
| B3 X.X. - Xxxxxxx Xxxxx International |
| B3 X.X. - Xxxxxx Xxxxxxx & Co., LLC |
| B3 S.A. - The Bank of Nova Scotia |
| B3 S.A. - UBS AG London Branch |
| B3 S.A. - INTL FCStone DTVM Ltda |
| B3 S.A. - XP INVESTIMENTOS CORRETORA DE CAMBIO |
Last updated: October 2023
EACH OF THE AXA FUND LENDERS
LISTED ON ANNEX A HERETO
SCHEDULE 4
JPMorgan Chase Bank, N.A.
Securities Lending – Limitations on Securities Available for Loan, Lending Accounts and Markets
Limitations on Securities Available for Loan
The following limitations shall apply to X.X. Xxxxxx’x authority to lend Securities held in the Lending Accounts:
1. At the time of any Loan, the aggregate Market Value of Lender’s Securities on Loan after taking such Loan into account shall not exceed 30% of the aggregate Market Value of Lender’s total assets, including collateral for Loans.
2. No more than 90% of any Security held by Xxxxxx may be on loan at the time the Loan is initiated.
3. At the initiation of any Loan, the maximum rebate rate must be Overnight Bank Funding Rate (OBFR) minus 25 basis points on Loans collateralized with cash; on Loans collateralized with securities, the Lender will charge Borrowers a minimum 25 basis point fee.
Lending Accounts
| Lending Account Name |
Lending Account Numbers | |||||||||||
| 1290 VT Micro Cap Portfolio - Lord Xxxxxx |
G | 24412 | ||||||||||
| 1290 VT Micro Cap Portfolio - Blackrock |
G | 24413 | ||||||||||
| 1290 VT CONVERTIBLE SECURITIES PORTFOLIO - SSGA |
P | 75009 | ||||||||||
| Equitable Conservative Growth MF/ETF Portfolio |
EIV69 | G | 30204 | |||||||||
| 1290 VT DoubleLine Opportunistic Bond Portfolio |
AHL95 | P | 24225 | |||||||||
| 1290 VT Equity Income Portfolio |
38944 | G | 09834 | |||||||||
| 1290 VT GAMCO Mergers & Acquisitions Portfolio |
35949 | G | 09840 | |||||||||
| 1290 VT GAMCO Small Company Value Portfolio |
43362 | G | 09841 | |||||||||
| 1290 VT High Yield Bond Portfolio - Post |
AEX34 | G | 24420 | |||||||||
| 1290 VT High Yield Bond Portfolio - AXA Investment Managers |
G | 30168 | ||||||||||
| 1290 VT High Yield Bond Portfolio - FMG LCC |
G | 23689 | ||||||||||
| 1290 VT Multi-Alternative Strategies Portfolio - FMG |
P | 43360 | ||||||||||
| 1290 VT Natural Resources Portfolio - AB |
30497 | G | 30170 | |||||||||
| 1290 VT Real Estate Portfolio -AllianceBernstein |
ABD65 | G | 30165 | |||||||||
| 1290 VT Small Cap Value Portfolio - Horizon |
AEX33 | G | 24419 | |||||||||
| 1290 VT Small Cap Value Portfolio - Blackrock |
G | 24417 | ||||||||||
| 1290 VT SmartBeta Equity ESG Portfolio |
ADF89 | P | 75008 | |||||||
| 1290 VT Socially Responsible Portfolio - Blackrock |
38438 | G | 08437 | |||||||
| ATM International Managed Volatility Portfolio - AllianceBernstein |
57784 | P | 04048 | |||||||
| ATM International Managed Volatility Portfolio - Blackrock |
57785 | P | 03730 | |||||||
| ATM Large Cap Managed Volatility Portfolio - AllianceBernstein |
P | 04039 | ||||||||
| ATM Large Cap Managed Volatility Portfolio - Blackrock |
P | 03721 | ||||||||
| ATM Mid Cap Managed Volatility Portfolio - AllianceBernstein |
P | 04045 | ||||||||
| ATM Mid Cap Managed Volatility Portfolio - Blackrock |
P | 03727 | ||||||||
| ATM Small Cap Managed Volatility Portfolio - AllianceBernstein |
P | 04042 | ||||||||
| ATM Small Cap Managed Volatility Portfolio - Blackrock |
P | 03724 | ||||||||
| EQ/2000 Managed Volatility Portfolio - AllianceBernstein |
P | 04041 | ||||||||
| EQ/400 managed Volatility Portfolio - Blackrock |
P | 03726 | ||||||||
| EQ/1290 VT Moderate Growth Allocation Portfolio |
EQP54 | P | 93554 | |||||||
| EQ/2000 Managed Volatility Portfolio - Blackrock |
P | 03723 | ||||||||
| EQ/400 managed Volatility Portfolio - AllianceBernstein |
P | 04044 | ||||||||
| EQ/500 managed Volatility Portfolio - AllianceBernstein |
P | 04038 | ||||||||
| EQ/500 managed Volatility Portfolio - Blackrock |
P | 03720 | ||||||||
| EQ/AB Dynamic Aggressive Growth |
EKY83 | P | 43358 | |||||||
| EQ/AB Dynamic Growth Portfolio |
AHL94 | P | 24224 | |||||||
| EQ/AB Dynamic Moderate Growth Portfolio |
86997 | P | 13896 | |||||||
| EQ/AB Short Duration Government Bond Portfolio |
ABV48 | G | 23857 | |||||||
| EQ/AB Small Cap Growth Portfolio - Passive |
G | 80447 | ||||||||
| EQ/AB Small Cap Growth Portfolio - Active |
G | 80446 | ||||||||
| EQ/AB Sustainable U.S. Thematic Portfolio |
G | 43883 | ||||||||
| EQ/All Asset Growth AllocationPortfolio |
G | 80448 | ||||||||
| EQ/American Century Mid Cap Value Portfolio |
EMR57 | P | 45410 | |||||||
| EQ/American Century Moderate Growth Allocation Portfolio |
EQP55 | P | 93555 | |||||||
| EQ/Capital Group Research Portfolio |
15733 | G | 08239 | |||||||
| EQ/Clearbridge Large Cap Growth ESG Portfolio |
G | 08048 | ||||||||
| EQ/Clearbridge Select Equity Managed Volatility Portfolio |
41986 | G | 11251 | |||||||
| EQ/Clearbridge Select Equity Managed Volatility Portfolio - Blackrock |
53048 | P | 03296 | |||||||
| EQ/Common Stock Index Portfolio - AllianceBernstein |
29812 | G | 09751 | |||||||
| EQ/Core Bond Index Portfolio - SSgA |
12234 | G | 07195 | |||||||
| EQ/Emerging Markets Equity Plus Portfolio - Alliance Xxxxxxxxx Passive |
30500 | G | 30162 | |||||||
| EQ/Emerging Markets Equity Plus Portfolio - AXA FMG |
G | 30161 | ||||||||
| EQ/Emerging Markets Equity Plus Portfolio - Xxxxxxx Partners LLC |
30495 | G | 30163 | |||||||
| EQ/Equity 500 Index Portfolio - AllianceBernstein |
5016 | G | 05924 | |||||||
| EQ/Fidelity Institutional AM Large Cap Portfolio |
EMR58 | P | 45411 | |||||||
| EQ/Xxxxxxxx Moderate Allocation Portfolio |
P | 59483 | ||||||||
| EQ/Franklin Samll Cap Value Managed Volatility Portfolio - Blackrock |
53039 | P | 03287 | |||||||
| EQ/Xxxxxxxx Xxxxx Cap Value Managed Volatility Portfolio - Franklin |
41985 | G | 11250 | |||||||
| EQ/Global Equity Managed Volatility - Blackrock Portfolio - MSCI EAFE |
53044 | P | 03292 | |||||||
| EQ/Global Equity Managed Volatility Portfolio - Blackrock S&P 500 |
P | 03377 | ||||||||
| EQ/Global Equity Managed Volatility Portfolio - Xxxxxx Xxxxxxx |
9919 | G | 06988 | |||||||
| EQ/ Global Equity Managed Volatility Portfolio - Invesco |
ACA07 | G | 23895 | |||||||
| EQ/Xxxxxxx Xxxxx Growth Allocation Portfolio |
EQP58 | P | 93558 | |||||||
| EQ/Xxxxxxx Xxxxx Mid Cap Value Portfolio |
EMR61 | P | 45414 | |||||||
| EQ/Xxxxxxx Xxxxx Moderate Growth Allocation |
AHM44 | P | 24447 |
| EQ/Intermediate Government Bond Portfolio - SSgA |
4276 | G 05334 | ||||
| EQ/International Core Managed Volatility - Xxxxxxx |
AFE41 | G 24443 | ||||
| EQ/International Core Managed Volatility Portfolio - Blackrock |
44730 | G 11564 | ||||
| EQ/International Core Managed Volatility Portfolio - FMG LLC ETF |
G 11550 | |||||
| EQ/International Core Managed Volatility Portfolio - MFS |
ACA05 | G 23893 | ||||
| EQ/International Core Managed Volatility Portfolio - Federated Investors Inc |
46927 | G 11549 | ||||
| EQ/International Equity Index Portfolio - AllianceBernstein |
29813 | G 09752 | ||||
| EQ/International Managed Volatility - AllianceBernstein |
57782 | P 04047 | ||||
| EQ/International Managed Volatility Portfolio - Blackrock |
57783 | P 03729 | ||||
| EQ/International Value Managed Volatility - Blackrock |
9914 | G 06983 | ||||
| EQ/International Value Managed Volatility Portfolio - Xxxxxx |
87030 | P 14003 | ||||
| EQ/INVESCO XXXXXXXX PORTFOLIO |
40317 | G 10329 | ||||
| EQ/Invesco Global Portfolio |
41988 | G 11253 | ||||
| EQ/Invesco Global Real Assets Portfolio |
EMR62 | P 45415 | ||||
| EQ/Invesco Moderate Allocation Portfolio |
AHM45 | P 24448 | ||||
| EQ/Invesco Moderate Growth Allocation Portfolio |
EQP59 | P 93559 | ||||
| EQ/Janus Enterprise Portfolio - Janus |
43593 | G 10330 | ||||
| EQ/Large Cap Core Managed Volatility Portfolio - Capital Guardian |
AWZ88 | G 23905 | ||||
| EQ/Large Cap Core Managed Volatility Portfolio - FMG LLC ETF |
G 11556 | |||||
| EQ/Large Cap Core Managed Volatility Portfolio - GQG Partners LLC |
AFE39 | G 24441 | ||||
| EQ/Large Cap Core Managed Volatility Portfolio - Xxxxxx Xxxxxx |
G 11555 | |||||
| EQ/Large Cap Core Managed Volatility POrtfolio - Blackrock |
44753 | G 11567 | ||||
| EQ/Large Cap Growth Index Portfolio - AllianceBernstein |
15731 | G 08237 | ||||
| EQ/Large Cap Growth Managed Volatility - Blackrock |
44732 | G 11566 | ||||
| EQ/ Large Cap Growth Managed Volatility Portfolio - FMG LLC ETF |
G 11554 | |||||
| EQ/Large Cap Growth Managed Volatility Portfolio - Xxxxxx |
44715 | G 11553 | ||||
| EQ/Large Cap Growth Managed Volatility Portfolio - Xxxxx Capital |
EEZ18 | G 23904 | ||||
| EQ/Large Cap Growth Managed Volatility - HS Investment Partners |
EEW68 | P 88939 | ||||
| EQ/Large Cap Value Index Portfolio - AB |
38463 | G 10983 | ||||
| EQ/Large Cap Value Managed Volatility Portfolio - AllianceBernstein Active |
G 07193 | |||||
| EQ/Large Cap Value Managed Volatility Portfolio - AllianceBernsten ATM |
52661 | G 00040 | ||||
| EQ/Large Cap Value Managed Volatility Portfolio - Aristotle Cap Mangment LLC |
G 23902 | |||||
| EQ/Large Cap Value Managed Volatility Portfolio - FMG |
G 23903 | |||||
| EQ/ Large Cap Value Managed Volatility - MFS |
AFE40 | G 24442 | ||||
| EQ/Lazard Emerging Markets Equity Portfolio |
EMR36 | P 45402 | ||||
| EQ/Long-Term Bond Portfolio - AllianceBernstein |
EYM67 | G 38787 | ||||
| EQ/Xxxxxx Xxxxxx Growth Portfolio |
G 10224 | |||||
| EQ/MFS International Growth Portfolio |
34361 | G 10232 | ||||
| EQ/MFS International Intrinsic Value Portfolio |
EMR37 | P 45403 | ||||
| EQ/MFS Mid Cap Focused Growth Portfolio |
EMR34 | P 45400 | ||||
| EQ/MFS Technology Portfolio |
EMR38 | P 45404 | ||||
| EQ/MFS Utilities Series Portfolio |
EMR39 | P 45405 | ||||
| EQ/Mid Cap Index Portfolio - AB |
21620 | G 08812 | ||||
| EQ/Mid Cap Value Managed Volatility - Blackrock |
44731 | G 11565 | ||||
| EQ/Mid Cap Value Managed Volatility Portfolio - FMG LLC ETF |
G 11552 | |||||
| EQ/Mid Cap Value Managed Volatility Portfolio - Wellington |
44713 | G 11551 | ||||
| EQ/Mid Cap Value Managed Volatility Portfolio - Diamond Hill |
ACA08 | G 23896 | ||||
| EQ/Xxxxxx Xxxxxxx Small Cap Growth Portoflio |
AEX32 | G 24418 |
| EQ/Xxxxxx Xxxxxxx Small Cap Growth Portfolio-Blackrock |
G 24414 | |||||||
| EQ/PIMCO Global Real Return Portfolio |
ABD23 | G 30167 | ||||||
| EQ/PIMCO Real Return Portfolio |
EMR40 | P 45406 | ||||||
| EQ/PIMCO Total Return ESG Portfolio |
EMR41 | P 45407 | ||||||
| EQ/PIMCO Ultra Short Bond Portfolio |
34376 | G 10230 | ||||||
| EQ/Quality Bond PLUS - PIMCO |
ACA11 | G 23899 | ||||||
| EQ/Quality Bond Plus Portfolio - Alliance Xxxxxxxxx Passive |
G 30226 | |||||||
| EQ/Quality Bond PLUS Portfolio - AllianceBernstein |
5320 | G 05827 | ||||||
| EQ/Small Company Index Portfolio - AllianceBernstein |
57999 | G 07196 | ||||||
| EQ/X. Xxxx Price Health Sciences Portfolio |
EMR42 | P 45408 | ||||||
| EQ/Value Equity Portfolio |
9922 | G 06991 | ||||||
| EQ/Wellington Energy Portfolio |
EMR33 | P 45399 | ||||||
| Equitable Growth MF/ETF Portfolio |
G 43882 | |||||||
| Equitable Moderate Growth MF/ETF Portfolio |
G 43881 | |||||||
| EQ/Franklin Rising Dividends Portfolio |
EMR59 | P 45412 | ||||||
| Multimanager Aggressive Equity Portfolio - AllianceBernstein - ATM |
52766 | P 02708 | ||||||
| Multimanager Aggressive Equity Portfolio - ClearBridge |
20345 | G 08666 | ||||||
| Multimanager Aggressive Equity Portfolio - Scotia Institutional Asset Management US LTD |
25407 | G 09295 | ||||||
| Multimanager Aggressive Equity Portfolio - X. Xxxx Price |
25387 | G 09275 | ||||||
| Multimanager Aggressive Equity Portfolio - Westfield |
25395 | G 09283 | ||||||
| Multimanager Core Bond Portfolio - BlackRock |
25393 | G 09281 | ||||||
| Multimanager Core Bond Portfolio - PIMCO |
25404 | G 09292 | ||||||
| Multimanager Core Bond Portfolio - SSgA |
52767 | P 02709 | ||||||
| Multimanager Core Bond Portfolio - Doubleline |
AHH64 | P 22045 | ||||||
| Multimanger Technology Portfolio - FMG |
P 03700 | |||||||
| Multimanager Technology Portfolio - Allianz |
25396 | G 09284 | ||||||
| Multimanager Technology Portfolio - AB |
52778 | P 02720 | ||||||
| Multimanager Technology Portfolio - Wellington |
25390 | G 09278 | ||||||
| Multimanger Technology Portfolio - FMG |
P 03700 | |||||||
| EQ/Intermediate Corporate Bond Portfolio |
G 49012 | |||||||
| EQ/Core Plus Bond Portfolio - Brandywine |
EUR35 | G 27122 | ||||||
| EQ/Core Plus Bond Portfolio - AXA Investment Mgmt |
EUR36 | G 27117 | ||||||
| EQ/Core Plus Bond Portfolio - Xxxxxx Xxxxxx |
EUR37 | G 27123 | ||||||
| 1290 Diversified Bond Fund - Brandywine |
ENH81 | P 78337 | ||||||
| 1290 Xxxxxx Xxxxxx Multi - Asset Income Fund |
P 60811 | |||||||
| 1290 GAMCO Small/Mid Cap Value Fund |
AGM33 | P 91799 | ||||||
| 1290 High Yield Bond Fund |
P 91800 | |||||||
| 1290 Multi-AlternativeStrategies Fund - FMG LLC |
P 33351 | |||||||
| 1290 Retirement 2020 Fund |
P 67954 | |||||||
| 1290 Retirement 2025 Fund |
P 67955 | |||||||
| 1290 Retirement 2030 Fund |
P 67956 | |||||||
| 1290 Retirement 2035 Fund |
P 67957 | |||||||
| 1290 Retirement 2040 Fund |
P 67958 | |||||||
| 1290 Retirement 2045 Fund |
P 67959 | |||||||
| 1290 Retirement 2050 Fund |
P 67960 | |||||||
| 1290 Retirement 2055 Fund |
P 67961 | |||||||
| 1290 Avantis U.S. Large Cap Growth Fund |
P 67962 | |||||||
| 1290 Smartbeta Equity Fund |
AGM34 | P 67961 | ||||||
| 1290 Essex Small Cap Growth Fund |
G 45330 | |||||||
Eligible Markets
X.X. Xxxxxx may lend Securities in the following markets:
| Number |
Lending Markets |
Lender Approves (Check All That Apply) |
Additional Market Requirements | |||
| 1 | Australia | X | Yes – refer to Addendum (I) below | |||
| 2 | Austria | X | ||||
| 3 | Belgium | X | ||||
| 4 | Brazil | Yes – An additional agreement is required. Please contact your Sales Specialist or Relationship Manager for additional information. | ||||
| 5 | Canada | X | ||||
| 6 | Czech Republic | X | ||||
| 7 | Denmark | X | ||||
| 8 | Euroclear | X | ||||
| 9 | Finland | X | ||||
| 10 | France | X | Yes – refer to Addendum (II) below | |||
| 11 | Germany | X | ||||
| 12 | Greece | X | Yes – refer to Addendum (III) below | |||
| 13 | Hong Kong | X | ||||
| 14 | Hungary | X | Yes – refer to Addendum (III) below | |||
| 15 | Ireland | X | ||||
| 16 | Israel | X | ||||
| 17 | Italy | X | ||||
| 18 | Japan | X | Yes – refer to Addendum (III) below | |||
| 19 | Malaysia | Yes - An additional agreement is required. Please contact your Sales Specialist or Relationship Manager for additional information. | ||||
| 20 | Mexico | X | Yes – refer to Addendum (III) below | |||
| 21 | Netherlands | X | ||||
| 22 | New Zealand | X | ||||
| 23 | Norway | X | ||||
| 24 | Poland | X | Yes – refer to Addendum (IV) below | |||
| 25 | Portugal | X | ||||
| 26 | Singapore | X | Yes – refer to Addendum (III) below | |||
| 27 | South Africa | X | ||||
| 28 | South Korea | Yes – An additional agreement is required. Please contact your Sales Specialist or Relationship Manager for additional information. | ||||
| 29 | Spain | X | ||||
| 30 | Sweden | X | ||||
| 31 | Switzerland | X | ||||
| 32 | Taiwan | Yes - An additional agreement is required. Please contact your Sales Specialist or Relationship Manager for additional information. | ||||
| 33 | Thailand | X | Yes – refer to Addendum (V) below | |||
| 34 | Turkey | X | Yes – refer to Addendum (VI) below | |||
| 35 | United Kingdom | X | ||||
| 36 | United States | X | ||||
Lender acknowledges that this Schedule 4 to the Securities Lending Agreement dated April 11, 2016 is effective as of the date specified below and that the relevant Addenda within this Schedule shall apply.
| Each Lender severally and not jointly: | ||||
| EQ ADVISORS TRUST
on behalf of each of their series listed on Xxxxx X | ||||
| By: | /s/ Xxxxx Xxxxx | |||
| Name: | Xxxxx Xxxxx | |||
| Title: | Chief Financial Officer | |||
| Date: | 11/29/23 | |||
Market Terms Schedule
| I. | Australia |
Xxxxxx acknowledges and accepts that:
| a) | with regards to any Institutional Share Offering (“ISO”) offered by an Australian issuer to Lender, Xxxxxx shall be solely responsible for informing X.X. Xxxxxx that Lender has (a) been invited to participate in such ISO and (b) intends to, or otherwise, exercise any rights in relation to Securities on Loan; |
| b) | due to the nature of an ISO, X.X. Xxxxxx will be unaware of such ISO arising and will therefore rely solely on Lender’s notification provided in (a) above; |
| c) | subject to Clause 4 hereof (Instructions), Xxxxxx must provide election Instructions to X.X. Xxxxxx: |
| i. | prior to market expiry where the timing of the ISO announcement makes it reasonably practicable to permit election Instructions to be given prior to such market expiry; and |
| ii. | in all other cases, prior to the applicable Cut-Off Time. |
Such election Instructions must specify whether Xxxxxx wishes to (i) take up the ISO; (ii) lapse the ISO; or (iii) lapse and take up any available cashbook build. Upon receipt, X.X. Xxxxxx shall use reasonable endeavours to forward such election Instructions to Borrower;
| d) | X.X. Xxxxxx shall not be liable to Lender in the event that: |
| iii. | Xxxxxx does not provide to X.X. Xxxxxx any election Instructions; or |
| iv. | Xxxxxx fails to provide X.X. Xxxxxx with timely election Instructions with respect to such an ISO, and X.X. Xxxxxx in its sole discretion does not take any action in relation to such election Instructions; or |
| v. | election Instructions were received by Borrower after market expiry of the ISO and Xxxxxxxx is unable to accept such election Instructions. |
| II. | France |
Xxxxxx acknowledges and accepts that when lending Securities issued by French issuers (“French Securities”), any additional tax credits (including, but not limited to, Credit d’Impot) that may be due to the holder of such French Securities had they not been on Loan over record date, will not form part of the manufactured Income (as defined in the applicable MSLA) that is collected from a Borrower on behalf of the Lender.
| III. | Greece, Hungary, Japan, Mexico, Singapore |
To the extent that Xxxxxx has approved in this Schedule that the following jurisdictions are eligible markets, Lender represents and warrants that it does not have a “permanent establishment” in:
| a) | Greece |
| b) | Hungary |
| c) | Japan |
| d) | Mexico |
| e) | Singapore |
| IV. | Poland |
Xxxxxx acknowledges and agrees that the following restrictions shall apply in respect of equity securities issued by Polish companies (“Polish Securities”):
| a) | the Journal of laws of Poland 2015, No.1272, which became effective in October 2015 (the “Act”) introduced pre-approval requirements from the Polish Government prior to any acquisition of significant shareholdings in certain Protected Companies (as defined by the Act and subject to change from time to time). In order to manage the transaction pre-approval requirements for the Lender, X.X. Xxxxxx will be limiting the securities lending program to actively lend only those Polish Securities where the Lender’s aggregate holding is less than 5%; |
| b) | as the list of Protected Companies impacted by the Act is subject to on-going change, this arrangement will be applied to all Polish Securities held through X.X. Xxxxxx that have been made eligible for lending in the program by the Lender. As Xxxxxx’s Lending Agent, X.X. Xxxxxx are unable to determine the Lender’s total aggregate size of holding in such Polish Securities, therefore Lender will be responsible for notifying X.X. Xxxxxx where Lender is either holding, or proposing to acquire a total holding of 5% or greater of voting capital in Polish Securities. Lenders are required to provide such notification to X.X. Xxxxxx no later than trade date of the acquisition transaction resulting in a 5% or above holding; and |
| c) | a failure to comply with the notification requirement could result in securities lending transactions being undertaken by X.X. Xxxxxx without Lender seeking the requisite pre-approval potentially resulting in penalties being levied against the Lender by the Polish Government for which the Lender is solely responsible. |
| V. | Thailand |
When lending Securities issued by Thai issuers (“Thai Securities”) Lender acknowledges and consents that the amount of all cash Distributions (as defined in Clause 2.7(a) above) payable to Lender with regard to Thai Securities on Loan may be credited to Xxxxxx’s cash account in Dollars on the payable date of such cash Distributions. The amount of the cash Distributions will be converted into Dollars using the foreign exchange rate agreed with the Borrower and based on the reference rate provided by X.X. Xxxxxx’x local subcustodian.
Lenders opting for the “Calc & Pay” service offered by X.X.Xxxxxx in its capacity as global custodian for the treatment of capital gains tax in Thailand (such service being, the “Calc & Pay Service”), should be aware that the applicable sub-custodian in Thailand has informed X.X.Xxxxxx (in its capacity as global custodian) that it will ignore loan and return transactions generated by the agency lending discretionary program for the purposes of any calculation required for the Calc & Pay Service.
| VI. | Turkey |
Lender represents and warrants that all:
| a) | Turkish equities in the Lending Account were purchased after 1st January, 2006 and are not subject to the “Non Resident Investment Fund” regime; and |
| b) | Turkish bonds in the Lending Account were issued after 1st January, 2006, |
and can be made available for lending under Applicable Law.
Xxxxxx acknowledges that it will promptly identify to X.X. Xxxxxx by notice, which notice may be oral, if the above representation and warranty ceases to be true. Upon such notice, X.X. Xxxxxx shall restrict the lending of the relevant Turkish Securities to Borrowers. In the event Lender fails to promptly notify X.X. Xxxxxx that the above representation and warranty ceases to be true, X.X. Xxxxxx shall not be liable for any Liabilities of Lender arising as a result of continued lending of such Turkish Securities.
