EQ ADVISORS TRUST AMENDMENT NO. 3 TO THE INVESTMENT SUB-ADVISORY AGREEMENT
Exhibit (d)(18)(iv)
AMENDMENT NO. 3 TO THE
INVESTMENT SUB-ADVISORY AGREEMENT
AMENDMENT NO. 3 effective as of November 11, 2022 (“Amendment No. 3”) to the Investment Sub-Advisory Agreement dated July 16, 2020, as amended, between Equitable Investment Management Group, LLC, a Delaware limited liability company (“EIM” or “Adviser”), and Invesco Advisers, Inc., a Delaware corporation (“Invesco” or “Sub-Adviser”), (the “Agreement”).
EIM and Invesco agree to modify the Agreement as follows:
1. | Removed Portfolio. Effective November 11, 2022, all references to the EQ/Invesco International Growth Portfolio are hereby removed from the Agreement. |
2. | Appendix A. Appendix A to the Agreement setting forth the Portfolios of the Trust for which Invesco is appointed as the Sub-Adviser and the fee payable to the Sub-Adviser with respect to the Portfolios is hereby replaced in its entirety by Appendix A attached hereto. |
3. | Ratification. 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. 3 as of the date first set forth above.
EQUITABLE INVESTMENT MANAGEMENT GROUP, LLC | INVESCO ADVISERS, INC. | |||||||
By: | /s/ Xxxxxxx Xxxxxxxxx |
By: | /s/ Xxxxxx Xxxxxxxxx | |||||
Xxxxxxx Xxxxxxxxx | Name: Xxxxxx Xxxxxxxxx | |||||||
Director, Executive Vice President and Chief Investment Officer | Title: Vice President |
APPENDIX A
TO AMENDMENT NO. 3 TO THE
INVESTMENT SUB-ADVISORY AGREEMENT
The Adviser shall pay the Sub-Adviser monthly compensation computed daily at an annual rate equal to the following:
Portfolio(s) |
Annual Sub-Advisory Fee Rate | |
Allocation Portfolios, which shall consist of the EQ/Invesco Moderate Allocation Portfolio and Other Portfolios identified directly below (collectively referred to as “Allocation Portfolios”):
EQ/Invesco Moderate Growth Allocation Portfolio** |
0.25% of the Allocation Portfolios’ average daily net assets up to and including $1 billion; and
0.23% of the Allocation Portfolios’ average daily net assets in excess of $1 billion*** | |
Global Portfolios, which shall consist of the EQ/Invesco Global Portfolio and Other Portfolios identified directly below (collectively referred to as “Global Portfolios”):
EQ/Global Equity Managed Volatility Portfolio*,** |
0.40% of the Global Portfolios’ average daily net assets up to and including $100 million;
0.35% of the Global Portfolios’ average daily net assets over $100 million and up to and including $350 million; and
0.30% of the Global Portfolios’ average daily net assets in excess of $350 million*** | |
EQ/Invesco Xxxxxxxx Portfolio | 0.40% of the Portfolio’s average daily net assets up to and including $250 million;
0.375% of the Portfolio’s average daily net assets over $250 million and up to and including $500 million;
0.35% of the Portfolio’s average daily net assets over $500 million and up to and including $1 billion; and
0.275% of the Portfolio’s average daily net assets in excess of $1 billion | |
EQ/Invesco Global Real Assets Portfolio | 0.45% of the Portfolio’s average daily net assets |
* | Fee to be paid with respect to this Portfolio shall be based only on the portion of the Portfolio’s average daily net assets sub-advised by the Sub-Adviser, which may be referred to as the “Sub-Adviser Allocation Portion.” |
** | Other Portfolios are other investment companies (or series or portions thereof) that are advised by the Adviser and sub-advised by the Sub-Adviser, which are classified as “Allocation Portfolios” or “Global Portfolios”. |
*** | The daily sub-advisory fee for the Portfolio/Sub-Adviser Allocation Portion is calculated by multiplying the aggregate net assets of the Portfolio/Sub-Adviser Allocation Portion at the close of the immediately preceding business day by the Annual Sub-Advisory Fee Rate calculated as set forth above and then dividing the result by the number of days in the year. The daily sub-advisory fee applicable to each Portfolio/Sub-Adviser Allocation Portion is the portion of the daily sub-advisory fee for the related portfolios that is equal to the Portfolio’s/Sub-Adviser Allocation Portion’s net assets relative to the aggregate net assets of the related portfolios, including the Portfolio/Sub-Adviser Allocation Portion, used in the fee calculation for that day. |