AMENDMENT NO. 14 TO THE INVESTMENT MANAGEMENT AGREEMENT

Exhibit (d)(1)(i)(A)(xv)

AMENDMENT NO. 14

TO THE

INVESTMENT MANAGEMENT AGREEMENT

AMENDMENT NO. 14 to the Investment Management Agreement (“Amendment No. 14”), effective as of July 14, 2015 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 Investment Management Agreement, dated as of May 1, 2011, as amended (“Agreement”), as follows:

1. Removed Portfolio: Effective May 22, 2015, all references to EQ/International ETF Portfolio were hereby deleted in their entirety from the Agreement.

2. 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

3. 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. 14 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. 14 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/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

Exhibit (d)(1)(i)(A)(xv)

APPENDIX B

AMENDMENT NO. 14 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 $4 Billion				Next $4 Billion				Next $2 Billion				Thereafter
AXA Natural Resources			0.500	%			0.490	%			0.480	%			0.470	%
EQ/Xxxxxxx Socially Responsible			0.500	%			0.490	%			0.480	%			0.470	%
EQ/Common Stock Index			0.350	%			0.340	%			0.330	%			0.320	%
EQ/Core Bond Index			0.350	%			0.340	%			0.330	%			0.320	%
EQ/Equity 500 Index			0.250	%			0.240	%			0.230	%			0.220	%
EQ/Intermediate Government Bond			0.350	%			0.340	%			0.330	%			0.320	%
EQ/International Equity Index			0.400	%			0.390	%			0.380	%			0.370	%
EQ/Large Cap Growth Index			0.350	%			0.340	%			0.330	%			0.320	%
EQ/Large Cap Value Index			0.350	%			0.340	%			0.330	%			0.320	%
EQ/Mid Cap Index			0.350	%			0.340	%			0.330	%			0.320	%
EQ/Small Company Index			0.250	%			0.240	%			0.230	%			0.220	%
(as a percentage of average daily net assets)
ETF Portfolio		First $4 Billion				Next $4 Billion				Next $2 Billion				Thereafter
EQ/Energy ETF			0.500	%			0.490	%			0.480	%			0.470	%
EQ/Low Volatility Global ETF			0.500	%			0.490	%			0.480	%			0.470	%

(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/Mutual Large Cap Equity Managed Volatility			0.700	%			0.650	%			0.625	%			0.600	%			0.575	%
AXA/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 $4 Billion				Next $4 Billion				Thereafter
EQ/Global Bond PLUS			0.550	%			0.530	%			0.510	%
EQ/Quality Bond PLUS			0.400	%			0.380	%			0.360	%
Multimanager Core Bond			0.550	%			0.530	%			0.510	%
(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 $4 Billion				Next $4 Billion				Thereafter
EQ/Convertible Securities			0.700	%			0.680	%			0.660	%
EQ/High Yield Bond			0.600	%			0.580	%			0.560	%

(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 $3 Billion				Next $4 Billion				Next $3 Billion				Thereafter
ATM International Managed Volatility			0.450	%			0.430	%			0.410	%			0.400	%
ATM Large Cap Managed Volatility			0.450	%			0.430	%			0.410	%			0.400	%
ATM Mid Cap Managed Volatility			0.450	%			0.430	%			0.410	%			0.400	%
ATM Small Cap Managed Volatility			0.450	%			0.430	%			0.410	%			0.400	%
AXA 2000 Managed Volatility			0.450	%			0.430	%			0.410	%			0.400	%
AXA 400 Managed Volatility			0.450	%			0.430	%			0.410	%			0.400	%
AXA 500 Managed Volatility			0.450	%			0.430	%			0.410	%			0.400	%
AXA International Managed Volatility			0.450	%			0.430	%			0.410	%			0.400	%