AMENDMENT NO. 14 FOURTH AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
Exhibit (h)(2)(xxxi)
AMENDMENT NO. 14
FOURTH AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
Amendment No. 14 to the Fourth Amended and Restated Expense Limitation Agreement, effective as of [May 1, 2009], between AXA Equitable Life Insurance Company (“AXA Equitable” or the “Manager”) and EQ Advisors Trust (the “Trust”) (“Amendment No. 14”).
The Manager and Trust hereby agree to modify and amend the Fourth Amended and Restated Expense Limitation Agreement dated as of May 1, 2002, as amended, (“Agreement”), between them as follows:
| 1. | New Portfolios. AXA Equitable and the Trust have determined to add the EQ/American Funds Core Asset Allocation Portfolio, EQ/American Funds Global Asset Allocation Portfolio, EQ/American Funds Core Growth Asset Allocation Portfolio, EQ/American Funds Asset Allocation Portfolio, EQ/American Funds Blue Chip Income & Growth Portfolio, EQ/American Funds Global Discovery Portfolio, EQ/American Funds Global Growth & Income Portfolio, EQ/American Funds Global Growth Portfolio, EQ/American Funds Growth Portfolio, EQ/American Funds Government/AAA Securities Portfolio, EQ/American Funds Growth-Income Portfolio, EQ/American Funds International Portfolio, EQ/Large Cap Tactical Manager Portfolio, EQ/Mid Cap Tactical Manager Portfolio, EQ/Small Cap Tactical Manager Portfolio, EQ/International Tactical Manager Portfolio, AXA Conservative Strategy Portfolio, AXA Conservative Growth Strategy Portfolio, AXA Balanced Strategy Portfolio, AXA Moderate Growth Strategy Portfolio and AXA Growth Strategy Portfolio (each a “New Portfolio” and collectively, the “New Portfolios”) to the Agreement on the terms and conditions contained in the Agreement. |
| 2. | Name Changes. The names of the EQ/Franklin Small Cap Value Portfolio, EQ/Franklin Income Portfolio, EQ/Xxxxxxxxx Growth Portfolio, EQ/Mutual Shares Portfolio, EQ/Xxx Xxxxxx Emerging Markets Portfolio, EQ/Xxxxxxx Focus Portfolio, EQ/Evergreen International Portfolio, EQ/AllianceBernstein Large Cap Growth Portfolio, EQ/Xxxx Xxxxx Value Equity Portfolio, EQ/FI Mid Cap Portfolio, EQ/AllianceBernstein Quality Bond Portfolio, EQ/AllianceBernstein Value Portfolio, EQ/AllianceBernstein Intermediate Government Securities Portfolio and EQ/JPMorgan Core Bond Portfolio will change to the EQ/AXA Franklin Small Cap Value Core Portfolio, EQ/AXA Franklin Income Core Portfolio, EQ/AXA Xxxxxxxxx Growth Core Portfolio, EQ/AXA Mutual Shares Core Portfolio, EQ/Global Multi-Sector Equity Portfolio, EQ/Focus PLUS Portfolio, EQ/Global Bond PLUS Portfolio, EQ/Large Cap Growth Index Portfolio, EQ/Large Cap Value Index Portfolio, EQ/Mid Cap Index Portfolio, EQ/Quality Bond PLUS Portfolio, EQ/Large Cap Value PLUS Portfolio, EQ/Intermediate Government Bond Index Portfolio and EQ/Core Bond Index Portfolio, respectively. |
| 4. | Schedule A. Schedule A to the Agreement, which sets forth the Portfolios of the Trust, is hereby replaced in its entirety by Amendment No. 14 to Schedule A attached hereto. |
| 5. | Schedule B. Schedule B to the Agreement, which sets forth the reimbursement periods for each of the Portfolios of the Trust is hereby replaced in its entirety by the Amendment No. 14 to Schedule 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. 14 as of the date first above set forth.
| EQ ADVISORS TRUST | AXA EQUITABLE LIFE INSURANCE COMPANY | |||||||
| By: |
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By: |
| |||||
| Xxxxx Xxxxx Chief Financial Officer and Treasurer |
Xxxxxx X. Xxxxx Senior Vice President | |||||||
SCHEDULE A
AMENDMENT NO. 14
FOURTH AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
MAXIMUM ANNUAL OPERATING EXPENSE LIMITS
This Agreement relates to the following Portfolios of the Trust:
| Portfolios |
Maximum Annual Operating Expense Limit |
|||||
| (including amounts payable pursuant to Rule 12b-1) |
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| Class IA | Class IB | |||||
| Crossings Aggressive Allocation Portfolio |
0.10 | % | 0.20 | % | ||
| Crossings Conservative Allocation Portfolio |
0.10 | % | 0.20 | % | ||
| Crossings Conservative-Plus Allocation Portfolio |
0.10 | % | 0.20 | % | ||
| Crossings Moderate Allocation Portfolio |
0.10 | % | 0.20 | % | ||
| Crossings Moderate-Plus Allocation Portfolio |
0.10 | % | 0.20 | % | ||
| EQ/AXA Franklin Income Core Portfolio |
1.05 | % | 1.30 | % | ||
| EQ/AXA Franklin Small Cap Value Core Portfolio |
1.05 | % | 1.30 | % | ||
| EQ/AXA Franklin Xxxxxxxxx Founding Strategy Core Portfolio |
0.15 | % | 0.40 | % | ||
| EQ/AXA Mutual Shares Core Portfolio |
1.05 | % | 1.30 | % | ||
| EQ/AXA Xxxxxxxxx Growth Core Portfolio |
1.10 | % | 1.35 | % | ||
| EQ/ Focus PLUS Portfolio |
0.90 | % | 1.15 | % | ||
| EQ/International Core PLUS Portfolio |
0.85 | % | 1.10 | % | ||
| EQ/Large Cap Core PLUS Portfolio |
0.75 | % | 1.00 | % | ||
| EQ/Large Cap Growth PLUS Portfolio |
0.75 | % | 1.00 | % | ||
| EQ/Large Cap Value PLUS Portfolio |
0.75 | % | 1.00 | % | ||
| EQ/Mid Cap Value PLUS Portfolio |
0.80 | % | 1.05 | % | ||
| AXA Conservative Strategy Portfolio |
0.700 | % | 0.950 | % | ||
| AXA Conservative Growth Strategy Portfolio |
0.750 | % | 1.000 | % | ||
| AXA Balanced Strategy Portfolio |
0.800 | % | 1.050 | % | ||
| AXA Moderate Growth Strategy Portfolio |
0.850 | % | 1.100 | % | ||
| AXA Growth Strategy Portfolio |
0.850 | % | 1.100 | % | ||
| EQ/AllianceBernstein International Portfolio |
0.90 | % | 1.15 | % | ||
| EQ/Ariel Appreciation II Portfolio |
0.90 | % | 1.15 | % | ||
| EQ/AXA Xxxxxxxxx Value Long/Short Equity Portfolio |
1.74 | %* | 1.99 | %* | ||
| EQ/BlackRock International Value Portfolio |
1.05 | % | 1.30 | % | ||
| EQ/Xxxxxxx Socially Responsible Portfolio |
0.90 | % | 1.15 | % | ||
| EQ/Capital Guardian Growth Portfolio |
0.70 | % | 0.95 | % | ||
| EQ/Capital Guardian Research Portfolio |
0.72 | % | 0.97 | % | ||
| EQ/Evergreen Omega Portfolio |
0.90 | % | 1.15 | % | ||
| EQ/Global Multi-Sector Equity Portfolio |
[1.55 | ]% | [1.80 | ]% | ||
| EQ/International ETF Portfolio |
0.40 | % | 0.65 | % | ||
| EQ/JPMorgan Value Opportunities Portfolio |
0.75 | % | 1.00 | % | ||
| EQ/Large Cap Growth Index Portfolio |
0.80 | % | 1.05 | % | ||
| EQ/Large Cap Value Index Portfolio |
0.75 | % | 1.00 | % | ||
| EQ/Lord Xxxxxx Growth and Income Portfolio |
0.75 | % | 1.00 | % | ||
| EQ/Lord Xxxxxx Large Cap Core Portfolio |
0.75 | % | 1.00 | % | ||
| Portfolios |
Maximum Annual Operating Expense Limit |
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| (including amounts payable pursuant to Rule 12b-1) |
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| Class IA | Class IB | |||||
| EQ/Lord Xxxxxx Mid Cap Value Portfolio |
0.80 | % | 1.05 | % | ||
| EQ/Mid Cap Index Portfolio |
0.85 | % | 1.10 | % | ||
| EQ/Xxxxxxxxxxx Global Portfolio |
1.10 | % | 1.35 | % | ||
| XX/Xxxxxxxxxxx Xxxx Xxxxxx Xxxxxxxxxxx Xxxxxxxxx |
1.05 | % | 1.30 | % | ||
| XX/Xxxxxxxxxxx Xxxx Xxxxxx Xxxxx Xxx Portfolio |
1.05 | % | 1.30 | % | ||
| EQ/Xxx Xxxxxx Xxxxxxxx Portfolio |
0.75 | % | 1.00 | % | ||
| EQ/Xxx Xxxxxx Mid Cap Growth Portfolio |
0.85 | % | 1.10 | % | ||
| EQ/Xxx Xxxxxx Real Estate Portfolio |
1.07 | % | 1.26 | % | ||
| * | Reflects contractual limitations by Manager to waive its management fee and/or bear certain expenses, excluding dividend expense. |
SCHEDULE B
AMENDMENT NO. 14
FOURTH AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
REIMBURSEMENT PERIOD
Five Year Reimbursement Period:
EQ/BlackRock International Value Portfolio (formerly, the EQ/Mercury International Value Portfolio)
EQ/Capital Guardian Growth Portfolio (formerly, EQ/Xxxxxx Growth & Income Value Portfolio)
EQ/Evergreen Omega Portfolio
EQ/JPMorgan Value Opportunities Portfolio (formerly, EQ/Xxxxxx Voyager Portfolio)
EQ/Large Cap Core PLUS Portfolio (formerly, the MarketPLUS Large Cap Core Portfolio)
EQ/Mid Cap Value PLUS Portfolio (formerly ,the MarketPLUS Mid Cap Value Portfolio)
Three Year Reimbursement Period:
| Crossings Conservative Allocation Portfolio Crossings Conservative-Plus Allocation Portfolio Crossings Moderate Allocation Portfolio Crossings Moderate-Plus Allocation Portfolio Crossings Aggressive Allocation Portfolio
EQ/AXA Franklin Income Core Portfolio EQ/AXA Franklin Small Cap Value Core Portfolio EQ/AXA Franklin Xxxxxxxxx Founding Strategy Core Portfolio EQ/AXA Mutual Shares Core Portfolio EQ/AXA Xxxxxxxxx Growth Core Portfolio
EQ/Large Cap Value PLUS Portfolio EQ/Focus PLUS Portfolio EQ/International Core PLUS Portfolio (formerly, MarketPLUS International Core Portfolio) EQ/Large Cap Growth PLUS Portfolio (formerly, MarketPLUS Large Cap Growth Portfolio)
AXA Conservative Strategy Portfolio AXA Conservative Growth Strategy Portfolio AXA Balanced Strategy Portfolio AXA Moderate Growth Strategy Portfolio AXA Growth Strategy Portfolio |
EQ/AllianceBernstein International Portfolio EQ/Ariel Appreciation II Portfolio EQ/AXA Xxxxxxxxx Value Long/Short Equity Portfolio EQ/Xxxxxxx Socially Responsible Portfolio EQ/Capital Guardian Research Portfolio EQ/Mid Cap Index Portfolio EQ/International ETF Portfolio EQ/Large Cap Value Index Portfolio EQ/Lord Xxxxxx Growth and Income Portfolio EQ/Lord Xxxxxx Mid Cap Value Portfolio EQ/Lord Xxxxxx Large Cap Core Portfolio EQ/Xxxxxxxxxxx Global Portfolio EQ/Xxxxxxxxxxx Main Street Opportunity Portfolio EQ/Xxxxxxxxxxx Main Street Small Cap Portfolio EQ/Xxx Xxxxxx Xxxxxxxx Portfolio EQ/Xxx Xxxxxx Mid Cap Growth Portfolio EQ/Xxx Xxxxxx Real Estate Portfolio |
