EQ ADVISORS TRUST AMENDMENT NO. 2 TO THE INVESTMENT ADVISORY AGREEMENT
Exhibit (d)(4)(iii)
AMENDMENT NO. 2 TO THE
AMENDMENT NO. 2 to the Investment Advisory Agreement effective as of July 16, 2014. (“Amendment No. 2”) between AXA Equitable Funds Management Group, LLC, a limited liability company organized under the laws of the State of Delaware (“FMG LLC” or “Manager”) and Xxxxxx Xxxxxxx Investment Management Inc., a Delaware corporation (“Xxxxxx Xxxxxxx” or “Adviser”).
FMG LLC and Xxxxxx Xxxxxxx agree to modify the Investment Advisory Agreement dated as of May 1, 2011, as amended, (“Agreement”) as follows:
1. Name Change. Effective May 1, 2014, the name of EQ/Global Multi-Sector Equity Portfolio was changed to AXA Global Equity Managed Volatility Portfolio.
2. Existing Portfolios. The Manager hereby reaffirms its appointment of the Adviser as the investment adviser to AXA Global Equity Managed Volatility Portfolio, EQ/Xxxxxx Xxxxxxx Mid Cap Growth Portfolio and AXA/Xxxxxx Xxxxxxx Small Cap Growth Portfolio.
3. Appendix A. Appendix A to the Agreement setting forth the Portfolios of the Trust for which the Adviser is appointed as the investment adviser and the fee payable to the Adviser is hereby replaced in its entirety by Appendix A attached hereto.
4. 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. 2 as of the date first set forth above.
| AXA EQUITABLE FUNDS MANAGEMENT GROUP, LLC | XXXXXX XXXXXXX INVESTMENT MANAGEMENT INC. | |||||||
| By: | /s/ Xxxxxx X. Xxxxx |
By: | /s/ Xxx Xxxxxxxxx | |||||
| Xxxxxx X. Xxxxx | Name: Xxx Xxxxxxxxx | |||||||
| Chairman, Chief Executive Officer and President | Title: Executive Director | |||||||
APPENDIX A
AMENDMENT NO. 2
TO
The Manager shall pay the Adviser monthly compensation computed daily at an annual rate equal to the following:
| Portfolios |
Annual Advisory Fee Rate | |
| AXA Global Equity Managed Volatility Portfolio* | 1.00% of the Xxxxxx Xxxxxxx Allocated Portion’s average daily net assets up to and including $100 million; 0.80% of the Xxxxxx Xxxxxxx Allocated Portion’s average daily net assets over $100 million and up to and including $400 million; 0.60% of the Xxxxxx Xxxxxxx Allocated Portion’s average daily net assets over $400 million and up to and including $500 million; and 0.40% of the Xxxxxx Xxxxxxx Allocated Portion’s average daily net assets in excess of $500 million.** | |
| AXA/Xxxxxx Xxxxxxx Small Cap Growth Portfolio* | 0.60% of the Xxxxxx Xxxxxxx Allocated Portion’s total average daily net assets.** | |
| EQ/Xxxxxx Xxxxxxx Mid Cap Growth Portfolio | 0.45% of the Portfolio’s average daily net assets up to and including $250 million; 0.40% 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 0.30% of the Portfolio’s average daily net assets in excess of $1 billion. | |
| * | This Portfolio has been designated a “multi-adviser portfolio” and Xxxxxx Xxxxxxx Investment Management Inc. receives a fee based on a discrete portion of the Portfolio’s assets that have been allocated to it by the Manager (“Xxxxxx Xxxxxxx Allocated Portion”). |
| ** | The daily advisory fee for the Xxxxxx Xxxxxxx Allocated Portion is calculated by multiplying the aggregate net assets of the Xxxxxx Xxxxxxx Allocated Portion at the close of the immediately preceding business day by the Annual Advisory Fee Rate calculated as set forth above and then dividing the result by the number of days in the year. The Manager will provide the Adviser with information regarding the calculation of the advisory fee for the Xxxxxx Xxxxxxx Allocated Portion on a monthly basis. |
