AXA PREMIER VIP TRUST AMENDMENT NO. 1 SECOND AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT
Exhibit (d)(2)(v)
AMENDMENT NO. 1
SECOND AMENDED AND RESTATED
AMENDMENT NO. 1 to the Second Amended and Restated Investment Advisory Agreement dated as of June 22, 2007 (“Amendment No. 1”), between AXA Equitable Life Insurance Company, a New York corporation (“AXA Equitable” or “Manager”) and AllianceBernstein L.P., a limited partnership organized under the laws of the State of Delaware (“Adviser”).
AXA Equitable and Adviser agree to modify the Second Amended and Restated Investment Advisory Agreement, dated as of July 31, 2006 (“Agreement”) for AXA Premier VIP Trust (“Trust”) as follows:
1. Removed Portfolios. All references to the AXA Enterprise Multimanager International Equity Fund, AXA Enterprise Multimanager Mid Cap Growth Fund, AXA Enterprise Multimanager Core Equity Fund, AXA Enterprise Multimanager Growth Fund and AXA Enterprise Multimanager Value Fund of the AXA Enterprise Multimanager Funds Trust are hereby removed.
2. Name Changes. The names of the AXA Premier VIP Mid Cap Growth Portfolio, AXA Premier VIP International Equity Portfolio, AXA Premier VIP Large Cap Core Equity Portfolio, AXA Premier VIP Aggressive Equity Portfolio and AXA Premier VIP Large Cap Value Portfolio are changed to the Multimanager Mid Cap Growth Portfolio, Multimanager International Equity Portfolio, Multimanager Large Cap Core Equity Portfolio, Multimanager Aggressive Equity Portfolio and Multimanager Large Cap Value Portfolio.
3. Existing Portfolios. The Manager hereby reaffirms its appointment of the Adviser as the investment adviser to each of the Portfolios of the Trust listed in item (2) above.
4. 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 with respect to the Portfolios is hereby replaced in its entirety by Appendix A attached hereto.
5. 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. 1 as of the date first set forth above.
| AXA EQUITABLE LIFE INSURANCE COMPANY | ALLIANCEBERNSTEIN L.P. | |||||||
| By: | /s/ Xxxxxx X. Xxxxx |
By: | /s/ Xxxx X. Xxxxxx | |||||
| Xxxxxx X. Xxxxx | Xxxx X. Xxxxxx | |||||||
| Senior Vice President | Deputy General Counsel, Assistant Secretary and Senior Vice President | |||||||
APPENDIX A
AMENDMENT NO. 1
SECOND AMENDED AND RESTATED
| Related Portfolios |
Annual Advisory Fee Rate*** | |
| Special Equity Portfolios, which shall include the following Portfolios, Allocated Portions, or Other Allocated Portions** of a Portfolio (collectively referred to as “Special Equity Portfolios”):
Multimanager Mid Cap Growth Portfolio* Multimanager International Portfolio* EQ/AllianceBernstein International Portfolio, a series of EQ Advisors Trust** EQ/AllianceBernstein Large Cap Growth Portfolio, a series of EQ Advisors Trust** EQ/AllianceBernstein Small Cap Growth Portfolio, a series of EQ Advisors Trust** |
0.60% of the Special Equity Portfolios’ average daily net assets up to and including $1 billion; 0.55% of the Special Equities Portfolios’ average daily net assets over $1 billion up to and including $1.5 billion; 0.50% of the Special Equities Portfolios’ average daily net assets over $1.5 billion up to and including $2 billion; 0.45% of the Special Equities Portfolios’ average daily net assets over $2 billion up to and including $2.5 billion; and 0.40% of the Special Equities Portfolios’ average daily net assets over $2.5 billion. | |
| General Equity and High Yield Portfolios, which shall include the following Portfolios, Allocated Portions, or Other Allocated Portions** of a Portfolio (collectively referred to as “General Equity/High Yield Portfolios”):
Multimanager Large Cap Core Equity Portfolio* EQ/AllianceBernstein Common Stock Portfolio, a series of EQ Advisors Trust** EQ/AllianceBernstein Value Portfolio, a series of EQ Advisors Trust** |
0.50% of the General Equity/High Yield Portfolios’ average daily net assets up to and including $1 billion; 0.40% of the General Equity/ High Yield Portfolios’ average daily net assets over $1 billion up to and including $2 billion; 0.30% of the General Equity/High Yield Portfolios’ average daily net assets over $2 billion up to and including $3 billion; and 0.20% of the General Equity/High Yield Portfolios’ average daily net assets over $3 billion. | |
| Large Cap Portfolios, which shall include the following Portfolios, Allocated Portion, or Other Allocated Portions** of a Portfolio (collectively referred to as “Large Cap Portfolios”)
Multimanager Large Cap Value Portfolio* EQ/AllianceBernstein Growth & Income Portfolio, a series of EQ Advisors Trust** |
0.30% of each of the Large Cap Portfolios’ average daily net assets. | |
| Multimanager Aggressive Equity Portfolio (“Aggressive Equity Portfolio”)* |
0.36% of the Aggressive Equity Portfolio’s average daily net assets | |
| Fixed Income Portfolios, which shall include the following Portfolios, or Allocated Portions of a Portfolio (collectively referred to as “Fixed Income Portfolios”)
EQ/AllianceBernstein Intermediate Government Securities Portfolio, a series of EQ Advisors Trust EQ/AllianceBernstein Quality Bond Portfolio, a series of EQ Advisors Trust |
0.30% of the Fixed Income Portfolios’ average daily net assets up to and including $500 million; 0.25% of the Fixed Income Portfolios’ average daily net assets over $500 million up to and including $1 billion; 0.20% of the Fixed Income Portfolios’ average daily net assets over $1 billion up to and including $1.5 billion; 0.15% of the Fixed Income Portfolios’ average daily net assets over $1.5 billion up to and including $3 billion; and 0.12% of the Fixed Income Portfolios’ average daily net assets over $3 billion | |
| EQ/Equity 500 Index Portfolio, a series of EQ Advisors Trust | 0.05% of the EQ/Equity 500 Index Portfolio’s average daily net assets up to and including $1 billion; and 0.03% of the EQ/Equity 500 Index Portfolio’s average daily net assets over $1 billion |
| * | This Portfolio has been designated a “multi-adviser portfolio” and Alliance receives a fee based on a discrete portion of the Portfolio’s assets that have been allocated to it by the Manager, which is referred to as an “Allocated Portion” |
| ** | Other Allocated Portions are other registered investment companies (or series or portions thereof) that are managed by the Manager and advised by the Adviser, which are classified as “Special Equity Portfolios,” “General Equity Portfolios,” or “Large Cap Portfolios” |
| *** | The daily advisory fee for the Related Portfolios is calculated by multiplying the aggregate net assets of the Related Portfolios 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 daily fee applicable to each Portfolio or Allocated Portion is the portion of the daily advisory fee for the Related Portfolios that is equal to the Portfolio’s or Allocated Portion’s net assets relative to the aggregate net assets of the Related Portfolios, including the Portfolio or the Allocated Portion, used in the fee calculation for that day. |
