EQ ADVISORS TRUST [FORM OF] AMENDMENT NO. 4 TO THE INVESTMENT ADVISORY AGREEMENT
Exhibit (d)(6)(i)(A)(v)
[FORM OF] AMENDMENT NO. 4 TO THE
AMENDMENT NO. 4 to the Investment Advisory Agreement effective as of [ , 2014], as amended, (“Amendment No. 4”) between AXA Equitable Funds Management Group, LLC, a Delaware limited liability company (“FMG LLC” or “Manager”) and AllianceBernstein L.P., a Delaware limited partnership (“Alliance” or “Adviser”).
FMG LLC and Alliance agree to modify the Investment Advisory Agreement dated as of May 1, 2011, as amended, (“Agreement”) as follows:
1. New Portfolios. FMG LLC hereby appoints Alliance to serve as the Adviser to an Allocated Portion of each of Multimanager Aggressive Equity Portfolio and Multimanager Mid Cap Growth Portfolio (“New Portfolios”).
2. Removed Portfolio. All references to EQ/International Small Cap PLUS Portfolio shall be removed in its entirety from the Agreement.
3. Existing Portfolios. The Manager hereby reaffirms its appointment of the Adviser as the investment adviser to the following Portfolios or an Allocated Portion of a Portfolio, as applicable: ATM International Portfolio, ATM Large Cap Portfolio, ATM Mid Cap Portfolio, ATM Small Cap Portfolio, AXA Tactical Manager 2000 Portfolio, AXA Tactical Manager 400 Portfolio, AXA Tactical Manager 500 Portfolio, AXA Tactical Manager International Portfolio, EQ/AllianceBernstein Dynamic Wealth Strategies Portfolio, EQ/AllianceBernstein Small Cap Growth Portfolio, EQ/Common Stock Index Portfolio, EQ/Emerging Markets Equity PLUS Portfolio, EQ/Equity 500 Index Portfolio, EQ/International Equity Index Portfolio, EQ/Large Cap Growth Index Portfolio, EQ/Large Cap Value PLUS Portfolio, EQ/Natural Resources PLUS Portfolio, EQ/Quality Bond PLUS Portfolio and EQ/Real Estate PLUS Portfolio.
4. Duration of Agreement.
| a. | Except as noted in subsection (b) below, with respect to each Portfolio specified in Appendix A to the Agreement (except as provided below), the Agreement will continue in effect for a 12 month period beyond [ , 2014] and may be continued thereafter pursuant to subsection (c) below. |
| b. | With respect to the New Portfolios specified in Amendment No. 4, the Agreement will continue in effect for a period of two years beginning [ , 2014] and may be continued thereafter pursuant to subsection (c) below. |
| c. | With respect to each Portfolio, the Agreement shall continue in effect annually after the date specified in subsection (a) or (b), as the case may be, 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”), and by either the Board of Trustees or a vote of a majority of the outstanding shares of the Portfolio. The required shareholder approval of the Agreement or of any continuance of the Agreement shall be effective with respect |
| to a Portfolio 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. |
5. Appendix A. Appendix A to the Agreement setting forth the Portfolios of the Trust for which the Adviser is appointed as the investment adviser is hereby replaced in its entirety by Appendix A attached hereto.
6. Appendix B. Appendix B to the Agreement setting forth the fee payable to the Adviser with respect to each Portfolio is hereby replaced in its entirety by Appendix B attached hereto.
7. 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. 4 as of the date first set forth above.
| AXA EQUITABLE FUNDS MANAGEMENT GROUP, LLC |
ALLIANCEBERNSTEIN L.P. | |||||||
| By: |
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By: |
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| Xxxxxx X. Xxxxx | Name: | |||||||
| Chairman, Chief Executive Officer and President | Title: | |||||||
APPENDIX A
AMENDMENT NO. 4
TO THE
ATM International Portfolio
ATM Large Cap Portfolio
ATM Mid Cap Portfolio
ATM Small Cap Portfolio
AXA Tactical Manager 2000 Portfolio
AXA Tactical Manager 400 Portfolio
AXA Tactical Manager 500 Portfolio
AXA Tactical Manager International Portfolio
EQ/AllianceBernstein Dynamic Wealth Strategies Portfolio
EQ/AllianceBernstein Small Cap Growth Portfolio
EQ/Common Stock Index Portfolio
EQ/Emerging Markets Equity PLUS Portfolio
EQ/Equity 500 Index Portfolio
EQ/International Equity Index Portfolio
EQ/Large Cap Growth Index Portfolio
EQ/Large Cap Value PLUS Portfolio
EQ/Natural Resources PLUS Portfolio
EQ/Quality Bond PLUS Portfolio
EQ/Real Estate PLUS Portfolio
Multimanager Aggressive Equity Portfolio
Multimanager Mid Cap Growth Portfolio
APPENDIX B
TO THE
FEE SCHEDULE
| Related Portfolios |
Annual Advisory Fee Rate** | |
| Special Equity Portfolios†, which shall include the following Portfolios or Allocated Portions of a Portfolio (collectively referred to as “Special Equity Portfolios”):
EQ/AllianceBernstein Small Cap Growth Portfolio* (Active Allocated Portion only) Multimanager Mid Cap Growth Portfolio* |
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 Portfolios, which shall include the following Portfolios or Allocated Portions of a Portfolio (collectively referred to as “General Equity Portfolios”)
EQ/Large Cap Value PLUS Portfolio* (Active Allocated Portion only) Multimanager Large Cap Core Equity Portfolio* |
0.49% of the General Equity Portfolios’ average daily net assets up to and including $100 million; 0.30% of the General Equity Portfolios’ average daily net assets over $100 million up to and including $200 million; 0.25% of the General Equity Portfolios’ average daily net assets over $200 million | |
| Tactical Manager Portfolios, which shall include the Index Allocated Portions of the following Portfolios EQ/Large Cap Value PLUS Portfolio* Multimanager Aggressive Equity Portfolio* Multimanager Large Cap Core Equity Portfolio* Multimanager Large Cap Value Portfolio* (collectively referred to as “Tactical Manager Portfolio”) |
0.075% of the Tactical Manager Portfolios’ average daily net assets up to and including $5 billion; 0.055% of the Tactical Manager Portfolios’ average daily net assets over $5 billion and up to and including $10 billion; 0.05% of the Tactical Manager Portfolios’ average daily net assets over $10 billion. | |
| Portfolios |
Annual Advisory Fee Rate** | |
| EQ/AllianceBernstein Dynamic Wealth Strategies Portfolio | 0.35% of the Portfolio’s average daily net assets up to and including $400 million; and 0.30% of the Portfolio’s average daily net assets in excess of $400 million. | |
| EQ/Equity 500 Index Portfolio | 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. | |
| EQ/Common Stock Index Portfolio | 0.05% | |
| EQ/Large Cap Growth Index Portfolio | 0.05% | |
| Portfolios |
Annual Advisory Fee Rate** | |
| EQ/Quality Bond PLUS Portfolio* (Active Allocated Portion Only) |
0.29% of the AllianceBernstein Allocated Portion’s average daily net assets up to and including $100 million; and 0.20% of the AllianceBernstein Allocated Portion’s average daily net assets in excess of $100 million. | |
| EQ/International Equity Index Portfolio† | 0.02% | |
| ATM International Portfolio* ATM Large Cap Portfolio* ATM Mid Cap Portfolio* ATM Small Cap Portfolio* AXA Tactical Manager 2000 Portfolio * AXA Tactical Manager 400 Portfolio * AXA Tactical Manager 500 Portfolio* AXA Tactical Manager International Portfolio* |
0.02% of the Index Allocated Portion of each Portfolio. | |
| EQ/Natural Resources PLUS Portfolio* EQ/Real Estate PLUS Portfolio* EQ/Quality Bond PLUS Portfolio* EQ/AllianceBernstein Small Cap Growth Portfolio* (Index Allocated Portion only) |
0.02% of the Index Allocated Portion of each Portfolio. | |
| Multimanager Aggressive Equity Portfolio* | ||
| EQ/Emerging Markets Equity PLUS Portfolio* | 0.12% of the Index Allocated Portion’s average daily net assets up to and including $100 million; and 0.10% of the AllianceBernstein Allocated Portion’s average daily net assets in excess of $100 million. | |
| * | This Portfolio has been designated a “multi-adviser portfolio” and AllianceBernstein L.P. 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 the “AllianceBernstein Allocated Portion.” |
| ** | 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, used in the fee calculation for that day. |
| † | Assets of EQ/International Equity Index Portfolio will be aggregated with the Special Equity Portfolios for calculating the advisory fee applicable for the Special Equity Portfolios. |
