FORM OF AMENDMENT NO. 1 TO THE INVESTMENT ADVISORY AGREEMENT
Exhibit (d)(1)(i)(A)(ii)
FORM OF AMENDMENT NO. 1
TO THE
FORM OF AMENDMENT NO. 1 dated December 6, 2018 (“Amendment No. 1”), to the Investment Advisory Agreement, dated as of November 1, 2018 (“Agreement”), 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 “Adviser”).
The Trust and FMG LLC agree to modify and amend the Agreement as follows:
1. | New Portfolios. Effective December 6, 2018, the 1290 VT Moderate Growth Allocation Portfolio, EQ/American Century Moderate Growth Allocation Portfolio, EQ/AXA Investment Managers Moderate Allocation Portfolio, EQ/First Trust Moderate Growth Allocation Portfolio, EQ/Invesco Moderate Growth Allocation Portfolio, EQ/Xxxx Xxxxx Growth Allocation Portfolio and EQ/Xxxxxxx Sachs Growth Allocation Portfolio (the “New Portfolios”) are hereby added to the Agreement on the terms and conditions contained in the Agreement. |
2. | Duration of Agreement. |
a. | With respect to the New Portfolios, the Agreement will continue in effect for two years after December 6, 2018 and may be continued thereafter pursuant to subsection (b) below. |
b. | With respect to the New Portfolios, the Agreement shall continue in effect annually after the date specified in subsection (a) only so long as such continuance is specifically approved at least annually by a majority of the Trustees who are not a party to the Agreement or interested persons (as defined in the Investment Company Act of 1940, as amended (“1940 Act”) (“Independent Trustees”), by a vote cast in person at a meeting called for the purpose of voting on such approval, and by either the Board of Trustees or a vote of a majority of the outstanding shares of the New Portfolios. The required shareholder approval of the Agreement or of any continuance of the Agreement shall be effective with respect to the New Portfolios if a majority of the outstanding voting securities of the series (as defined in Rule 18f-2(h) under the 0000 Xxx) vote to approve the Agreement or its continuance, notwithstanding that the Agreement or its continuance may not have been approved by majority of the outstanding voting securities of (a) any other Portfolio affected by the Agreement, or (b) all the Portfolios of the Trust. |
3. | Name Change. Effective February 2019, the following Portfolios’ names will be changed: |
Current Name |
New Name | |
AXA/Xxxxxxx Xxxxx Strategic Allocation Portfolio | EQ/Xxxxxxx Sachs Moderate Allocation Portfolio | |
AXA/Invesco Strategic Allocation Portfolio | EQ/Invesco Moderate Allocation Portfolio | |
AXA/JPMorgan Strategic Allocation Portfolio | EQ/JPMorgan Growth Allocation Portfolio | |
AXA/Xxxx Xxxxx Strategic Allocation Portfolio | EQ/Xxxx Xxxxx Moderate Allocation Portfolio |
4. | 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 |
5. | 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. 1 as of the date first above set forth.
EQ ADVISORS TRUST | AXA EQUITABLE FUNDS MANAGEMENT GROUP, LLC | |||||||
By: |
|
By: |
| |||||
Xxxxx Xxxxx | Xxxxxx Xxxx | |||||||
Chief Financial Officer and | Director, Senior Vice President and Chief | |||||||
Treasurer | Operating Officer |
APPENDIX A
AMENDMENT NO. 1 TO
Portfolios
APPENDIX B
AMENDMENT NO. 1 TO
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 $2 Billion |
Next $4 Billion |
Thereafter | |||||||||
1290 VT Natural Resources |
0.500 | % | 0.450 | % | 0.425 | % | ||||||
1290 VT Real Estate |
0.500 | % | 0.450 | % | 0.425 | % | ||||||
1290 VT Socially Responsible |
0.500 | % | 0.450 | % | 0.425 | % | ||||||
EQ/Common Stock Index |
0.350 | % | 0.300 | % | 0.275 | % | ||||||
EQ/Core Bond Index |
0.350 | % | 0.300 | % | 0.275 | % | ||||||
EQ/Equity 500 Index |
0.250 | % | 0.200 | % | 0.175 | % | ||||||
EQ/Intermediate Government Bond |
0.350 | % | 0.300 | % | 0.275 | % | ||||||
EQ/International Equity Index |
0.400 | % | 0.350 | % | 0.325 | % | ||||||
EQ/Large Cap Growth Index |
0.350 | % | 0.300 | % | 0.275 | % | ||||||
EQ/Large Cap Value Index |
0.350 | % | 0.300 | % | 0.275 | % | ||||||
EQ/Mid Cap Index |
0.350 | % | 0.300 | % | 0.275 | % | ||||||
EQ/Small Company Index |
0.250 | % | 0.200 | % | 0.175 | % | ||||||
(as a percentage of average daily net assets) |
||||||||||||
ETF Portfolios |
First $2 Billion |
Next $4 Billion |
Thereafter | |||||||||
1290 VT Energy |
0.500 | % | 0.450 | % | 0.425 | % | ||||||
1290 VT Low Volatility Global Equity |
0.500 | % | 0.450 | % | 0.425 | % | ||||||
1290 VT Multi-Alternative Strategies |
0.500 | % | 0.450 | % | 0.425 | % |
(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 | |||||||||||||||
1290 VT DoubleLine Dynamic Allocation |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | ||||||||||
1290 VT Moderate Growth Allocation |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | ||||||||||
1290 VT SmartBeta Equity |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | ||||||||||
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/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/AB Dynamic Aggressive Growth |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | ||||||||||
AXA/ClearBridge Large Cap Growth |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | ||||||||||
AXA/Franklin Balanced Managed Volatility |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | ||||||||||
EQ/Xxxxxxx Xxxxx Moderate Allocation (fka, AXA/Xxxxxxx Sachs Strategic Allocation) |
0.800 | % | 0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % | ||||||||||
EQ/Invesco Moderate Allocation (fka, AXA/Invesco Strategic Allocation) |
0.800 | % | 0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % | ||||||||||
AXA/Janus Enterprise |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | ||||||||||
EQ/JPMorgan Growth Allocation (fka, AXA/JPMorgan Strategic Allocation) |
0.800 | % | 0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % | ||||||||||
EQ/Xxxx Xxxxx Moderate Allocation (fka, AXA/Xxxx Xxxxx Strategic Allocation) |
0.800 | % | 0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % | ||||||||||
AXAXA/Templeton 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/ClearBridge Select Equity Managed Volatility |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | ||||||||||
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/Oppenheimer Global |
0.850 | % | 0.800 | % | 0.775 | % | 0.750 | % | 0.725 | % | ||||||||||
EQ/American Century Moderate Growth Allocation |
0.800 | % | 0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % | ||||||||||
EQ/AXA Investment Managers Moderate Allocation |
0.800 | % | 0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % | ||||||||||
EQ/First Trust Moderate Growth Allocation |
0.800 | % | 0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % |
(as a percentage of average daily net assets) |
||||||||||||||||||||
Equity Portfolios |
First $1 Billion |
Next $1 Billion |
Next $3 Billion |
Next $5 Billion |
Thereafter | |||||||||||||||
EQ/Xxxxxxx Xxxxx Growth Allocation |
0.800 | % | 0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % | ||||||||||
EQ/Invesco Moderate Growth Allocation |
0.800 | % | 0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % | ||||||||||
EQ/Xxxx Xxxxx Growth Allocation |
0.800 | % | 0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % | ||||||||||
(as a percentage of average daily net assets) |
||||||||||||||||||||
Equity Portfolios |
First $1 Billion |
Next $1 Billion |
Next $3 Billion |
Next $5 Billion |
Thereafter | |||||||||||||||
1290 VT Equity |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | ||||||||||
1290 VT GAMCO Mergers & Acquisitions |
0.900 | % | 0.850 | % | 0.825 | % | 0.800 | % | 0.775 | % | ||||||||||
1290 VT GAMCO Small Company Value |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | ||||||||||
AXA/Xxxxxx Xxxxxx Growth Portfolio |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | ||||||||||
EQ/American Century Mid Cap Value |
0.900 | % | 0.850 | % | 0.825 | % | 0.800 | % | 0.775 | % | ||||||||||
EQ/Fidelity Institutional AMSMLarge Cap |
0.540 | % | 0.500 | % | 0.475 | % | 0.450 | % | 0.425 | % | ||||||||||
EQ/Franklin Rising Dividends |
0.600 | % | 0.550 | % | 0.510 | % | 0.490 | % | 0.475 | % | ||||||||||
EQ/Xxxxxxx Xxxxx Mid Cap Value |
0.770 | % | 0.750 | % | 0.725 | % | 0.680 | % | 0.670 | % | ||||||||||
EQ/Invesco Global Real Estate |
0.735 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | ||||||||||
EQ/Invesco International Growth |
0.710 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | ||||||||||
EQ/Ivy Energy |
0.850 | % | 0.800 | % | 0.775 | % | 0.750 | % | 0.725 | % | ||||||||||
EQ/Ivy Mid Cap Growth |
0.850 | % | 0.800 | % | 0.775 | % | 0.750 | % | 0.725 | % | ||||||||||
EQ/Ivy Science and Technology |
0.850 | % | 0.800 | % | 0.775 | % | 0.750 | % | 0.725 | % | ||||||||||
EQ/Lazard Emerging Markets Equity |
1.000 | % | 0.950 | % | 0.925 | % | 0.900 | % | 0.875 | % | ||||||||||
EQ/MFS International Growth |
0.850 | % | 0.800 | % | 0.775 | % | 0.750 | % | 0.725 | % | ||||||||||
EQ/MFS International Value |
0.860 | % | 0.820 | % | 0.700 | % | 0.700 | % | 0.700 | % | ||||||||||
EQ/MFS Technology |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | ||||||||||
EQ/MFS Utilities Series |
0.730 | % | 0.700 | % | 0.670 | % | 0.650 | % | 0.625 | % | ||||||||||
EQ/X. Xxxx Price Growth Stock |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | ||||||||||
EQ/X. Xxxx Price Health Sciences |
0.950 | % | 0.900 | % | 0.875 | % | 0.850 | % | 0.825 | % | ||||||||||
EQ/UBS Growth & Income |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | ||||||||||
(as a percentage of average daily net assets) |
||||||||||||||||||||
Pactive Equity Portfolios |
First $1 Billion |
Next $1 Billion |
Next $3 Billion |
Next $5 Billion |
Thereafter | |||||||||||||||
1290 VT Micro Cap |
0.850 | % | 0.800 | % | 0.775 | % | 0.750 | % | 0.725 | % | ||||||||||
1290 VT Small Cap Value |
0.800 | % | 0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % | ||||||||||
AXA/AB Small Cap Growth |
0.550 | % | 0.500 | % | 0.475 | % | 0.450 | % | 0.425 | % | ||||||||||
AXA/Xxxxxx Xxxxxxx Small Cap Growth |
0.800 | % | 0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % | ||||||||||
EQ/Emerging Markets Equity PLUS |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | ||||||||||
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) |
||||||||||||||||||||
Pactive Volatility Managed Equity Portfolios |
First $1 Billion |
Next $1 Billion |
Next $3 Billion |
Next $5 Billion |
Thereafter | |||||||||||||||
AXA International Core Managed Volatility |
0.600 | % | 0.575 | % | 0.525 | % | 0.500 | % | 0.475 | % | ||||||||||
AXA International Value Managed Volatility |
0.600 | % | 0.575 | % | 0.525 | % | 0.500 | % | 0.475 | % | ||||||||||
AXA Large Cap Core Managed Volatility |
0.500 | % | 0.475 | % | 0.425 | % | 0.400 | % | 0.375 | % | ||||||||||
AXA Large Cap Growth Managed Volatility |
0.500 | % | 0.475 | % | 0.425 | % | 0.400 | % | 0.375 | % | ||||||||||
AXA Large Cap Value Managed Volatility |
0.500 | % | 0.475 | % | 0.425 | % | 0.400 | % | 0.375 | % | ||||||||||
AXA Mid Cap Value Managed Volatility |
0.550 | % | 0.525 | % | 0.475 | % | 0.450 | % | 0.425 | % | ||||||||||
(as a percentage of average daily net assets) |
||||||||||||||||||||
Pactive Fixed Income Portfolios |
First $1 Billion |
Next $1 Billion |
Next $3 Billion |
Next $5 Billion |
Thereafter | |||||||||||||||
1290 VT Convertible Securities |
0.700 | % | 0.680 | % | 0.660 | % | 0.640 | % | 0.630 | % | ||||||||||
1290 VT High Yield |
0.600 | % | 0.580 | % | 0.560 | % | 0.540 | % | 0.530 | % | ||||||||||
EQ/Global Bond PLUS |
0.550 | % | 0.530 | % | 0.510 | % | 0.490 | % | 0.480 | % | ||||||||||
EQ/Quality Bond PLUS |
0.400 | % | 0.380 | % | 0.360 | % | 0.340 | % | 0.330 | % | ||||||||||
Multimanager Core Bond |
0.550 | % | 0.530 | % | 0.510 | % | 0.490 | % | 0.480 | % | ||||||||||
(as a percentage of average daily net assets) |
||||||||||||||||||||
Fixed Income Portfolios |
First $750 Million |
Next $750 Million |
Next $1 Billion |
Next $2.5 Billion |
Thereafter | |||||||||||||||
AXA/AB Short Duration Government Bond |
0.450 | % | 0.430 | % | 0.410 | % | 0.390 | % | 0.380 | % | ||||||||||
EQ/PIMCO Global Real Return |
0.600 | % | 0.575 | % | 0.550 | % | 0.530 | % | 0.520 | % | ||||||||||
1290 VT DoubleLine Opportunistic Bond |
0.600 | % | 0.575 | % | 0.550 | % | 0.530 | % | 0.520 | % | ||||||||||
EQ/Franklin Strategic Income |
0.590 | % | 0.490 | % | 0.440 | % | 0.430 | % | 0.370 | % | ||||||||||
EQ/PIMCO Real Return |
0.500 | % | 0.475 | % | 0.450 | % | 0.430 | % | 0.420 | % | ||||||||||
EQ/PIMCO Total Return |
0.500 | % | 0.475 | % | 0.450 | % | 0.430 | % | 0.420 | % | ||||||||||
EQ/PIMCO Ultra Short Bond |
0.500 | % | 0.475 | % | 0.450 | % | 0.430 | % | 0.420 | % |
(as a percentage of average daily net assets) |
||||||||||||||||
ATM Portfolios |
First $2 Billion |
Next $4 Billion |
Next $3 Billion |
Thereafter | ||||||||||||
ATM International Managed Volatility |
0.450 | % | 0.425 | % | 0.400 | % | 0.350 | % | ||||||||
ATM Large Cap Managed Volatility |
0.450 | % | 0.425 | % | 0.400 | % | 0.350 | % | ||||||||
ATM Mid Cap Managed Volatility |
0.450 | % | 0.425 | % | 0.400 | % | 0.350 | % | ||||||||
ATM Small Cap Managed Volatility |
0.450 | % | 0.425 | % | 0.400 | % | 0.350 | % | ||||||||
AXA 2000 Managed Volatility |
0.450 | % | 0.425 | % | 0.400 | % | 0.350 | % | ||||||||
AXA 400 Managed Volatility |
0.450 | % | 0.425 | % | 0.400 | % | 0.350 | % | ||||||||
AXA 500 Managed Volatility |
0.450 | % | 0.425 | % | 0.400 | % | 0.350 | % | ||||||||
AXA International Managed Volatility |
0.450 | % | 0.425 | % | 0.400 | % | 0.350 | % | ||||||||
(as a percentage of average daily net assets) |
||||||||||||||||
Strategic Allocation Portfolios |
First $2 Billion |
Next $4 Billion |
Next $3 Billion |
Thereafter | ||||||||||||
AXA Aggressive Strategy |
0.1000 | % | 0.0925 | % | 0.0900 | % | 0.0875 | % | ||||||||
AXA Balanced Strategy |
0.1000 | % | 0.0925 | % | 0.0900 | % | 0.0875 | % | ||||||||
AXA Conservative Growth Strategy |
0.1000 | % | 0.0925 | % | 0.0900 | % | 0.0875 | % | ||||||||
AXA Conservative Strategy |
0.1000 | % | 0.0925 | % | 0.0900 | % | 0.0875 | % | ||||||||
AXA Growth Strategy |
0.1000 | % | 0.0925 | % | 0.0900 | % | 0.0875 | % | ||||||||
AXA Moderate Growth Strategy |
0.1000 | % | 0.0925 | % | 0.0900 | % | 0.0875 | % | ||||||||
AXA Ultra Conservative Strategy |
0.1000 | % | 0.0925 | % | 0.0900 | % | 0.0875 | % |
(as a percentage of average daily net assets) |
||||
All Asset Growth-Alt 20 |
0.100 | % | ||
(as a percentage of average daily net assets) |
||||
AXA/Franklin Xxxxxxxxx Allocation Managed Volatility |
0.05 | % |