AMENDMENT NO. 4 TO THE MUTUAL FUNDS SERVICE AGREEMENT
AMENDMENT NO. 4
TO THE
MUTUAL FUNDS SERVICE AGREEMENT
AMENDMENT NO. 4 effective as of July 8, 2014 (“Amendment No. 4”) to the Mutual Funds Service Agreement, dated as of May 1, 2011, as amended (the “Agreement”) between AXA Premier VIP Trust, a Delaware statutory trust (“Trust”) and AXA Equitable Funds Management Group, LLC (“FMG LLC”), a Delaware limited liability company.
The Trust and FMG LLC hereby agree to modify and amend the Agreement as follows:
1. | Removed Portfolios. All references to the Multimanager Portfolios are hereby removed. |
2. | Schedule A: Schedule A to the Agreement is hereby replaced in its entirety by Schedule A 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. 4 as of the date first above set forth.
AXA EQUITABLE FUNDS MANAGEMENT GROUP, LLC | ||||||||
By: |
/s/ Xxxxx Xxxxx Xxxxx Xxxxx Chief Financial Officer and Treasurer |
By: |
/s/ Xxxxxx X. Xxxxx Xxxxxx X. Xxxxx Chairman, Chief Executive Officer and President |
SCHEDULE A
AMENDMENT NO. 4 TO
MUTUAL FUNDS SERVICE AGREEMENT
Fees and Expenses
Trust Administration, Accounting and Compliance Fees
A. |
For the services rendered under this Agreement, the Trust shall pay to FMG LLC an annual fee in accordance with the following schedule: | |||||
(i) |
(a) |
$32,500 for each Allocation and Target Allocation Portfolio whose total average annual net assets are less than $5 billion; and | ||||
(b) |
$32,500 for each Charter Portfolio; | |||||
(ii) |
With respect to the Allocation Portfolios and Target Allocation Portfolios, the following fee shall be calculated separately for each Allocation Portfolio and Target Allocation Portfolio:
0.150 of 1% of total assets of each Allocation Portfolio and each Target Allocation Portfolio up to and including $15 billion;
0.125 of 1% of total assets of each Allocation Portfolio and each Target Allocation Portfolio in excess of $15 billion and up to and including $20 billion;
0.100 of 1% of total assets of each Allocation Portfolio and each Target Allocation Portfolio in excess of $20 billion. | |||||
(iii) |
With respect to the Charter Portfolios, the following fee shall be calculated separately for each Charter Portfolio:
0.150 of 1% of total assets of each Charter Portfolio | |||||
B. |
The foregoing calculations are based on the average daily net assets of the Trust as described. The fees for the Allocation Portfolios, Target Allocation Portfolios and Charter Portfolios will be computed, billed and paid on an annual basis. | |||||
C. |
Approved out-of-pocket expenses, as provided in Section 5 will be computed, billed and payable monthly. |