AMENDMENT NO. 12 TO THE INVESTMENT MANAGEMENT AGREEMENT
Exhibit (d)(1)(i)(A)(xiii)
AMENDMENT NO. 12
TO THE
INVESTMENT MANAGEMENT AGREEMENT
AMENDMENT NO. 12 to the Investment Management Agreement (“Amendment No. 12”), effective as of January 20, 2015 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 “Manager”).
WHEREAS, FMG LLC and the Trust desire to modify the fee paid with respect to the EQ/Natural Resources PLUS Portfolio and change the name of the Portfolio.
NOW THEREFORE, the Trust and FMG LLC agree to modify and amend the Investment Management Agreement, dated as of May 1, 2011, as amended (“Agreement”), as follows:
1. | Name Change: The name of EQ/Natural Resources PLUS Portfolio is changed to AXA Natural Resources Portfolio; |
2. | 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 |
3. | 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. 12 as of the date first above set forth.
EQ ADVISORS TRUST | AXA EQUITABLE FUNDS MANAGEMENT GROUP, LLC | |||||||
By: | /s/ Xxxxx Xxxxx |
By: | /s/ Xxxxxx X. Xxxxx | |||||
Xxxxx Xxxxx | Xxxxxx X. Xxxxx | |||||||
Chief Financial Officer and Treasurer | Chairman, Chief Executive Officer and President |
APPENDIX A
AMENDMENT NO. 12 TO
INVESTMENT MANAGEMENT AGREEMENT
Portfolios
ATM International Managed Volatility Portfolio ATM Large Cap Managed Volatility Portfolio ATM Mid Cap Managed Volatility Portfolio ATM Small Cap Managed Volatility Portfolio AXA 2000 Managed Volatility Portfolio AXA 400 Managed Volatility Portfolio AXA 500 Managed Volatility Portfolio AXA Global Equity Managed Volatility Portfolio AXA International Core Managed Volatility Portfolio AXA International Value Managed Volatility Portfolio AXA Large Cap Core Managed Volatility Portfolio AXA Large Cap Growth Managed Volatility Portfolio AXA Large Cap Value Managed Volatility Portfolio AXA Mid Cap Value Managed Volatility Portfolio AXA Natural Resources Portfolio (formerly, EQ/Natural Resources PLUS Portfolio) AXA SmartBeta Equity Portfolio AXA International Managed Volatility Portfolio AXA/Franklin Balanced Managed Volatility Portfolio AXA/Franklin Small Cap Value Managed Volatility Portfolio AXA/Mutual Large Cap Equity Managed Volatility Portfolio AXA/Xxxxxxxxx Global Equity Managed Volatility Portfolio EQ/AllianceBernstein Dynamic Wealth Strategies Portfolio EQ/AllianceBernstein Short Duration Government Bond Portfolio EQ/AllianceBernstein Small Cap Growth Portfolio EQ/BlackRock Basic Value Equity Portfolio |
EQ/Xxxxxxx Socially Responsible Portfolio EQ/Capital Guardian Research Portfolio EQ/Common Stock Index Portfolio EQ/Convertible Securities Portfolio EQ/Core Bond Index Portfolio EQ/Emerging Markets Equity PLUS Portfolio EQ/Energy ETF Portfolio EQ/Equity 500 Index Portfolio EQ/Global Bond PLUS Portfolio EQ/High Yield Bond Portfolio EQ/Intermediate Government Bond Portfolio EQ/International Equity Index Portfolio EQ/International ETF Portfolio EQ/Invesco Xxxxxxxx Portfolio EQ/JPMorgan Value Opportunities Portfolio EQ/Large Cap Growth Index Portfolio EQ/Large Cap Value Index Portfolio EQ/Low Volatility Global ETF Portfolio EQ/Mid Cap Index Portfolio EQ/Money Market Portfolio EQ/Xxxxxx Xxxxxxx Mid Cap Growth Portfolio EQ/Xxxxxxxxxxx Global Portfolio EQ/PIMCO Global Real Return Portfolio EQ/Quality Bond PLUS Portfolio EQ/Real Estate PLUS Portfolio EQ/Small Company Index Portfolio EQ/Xxxxx Fargo Omega Growth Portfolio AXA/Horizon Small Cap Value Portfolio AXA/Lord Xxxxxx Micro Cap Portfolio AXA/Xxxxxx Xxxxxxx Small Cap Growth Portfolio AXA/Pacific Global Small Cap Value Portfolio Multimanager Aggressive Equity Portfolio Multimanager Core Bond Portfolio Multimanager Mid Cap Growth Portfolio Multimanager Mid Cap Value Portfolio Multimanager Technology Portfolio |
APPENDIX B
AMENDMENT NO. 12 TO
INVESTMENT MANAGEMENT AGREEMENT
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 $4 Billion |
Next $4 Billion |
Next $2 Billion |
Thereafter | ||||||||||||
AXA Natural Resources |
0.500 | % | 0.490 | % | 0.480 | % | 0.470 | % | ||||||||
EQ/Xxxxxxx Socially Responsible |
0.500 | % | 0.490 | % | 0.480 | % | 0.470 | % | ||||||||
EQ/Common Stock Index |
0.350 | % | 0.340 | % | 0.330 | % | 0.320 | % | ||||||||
EQ/Core Bond Index |
0.350 | % | 0.340 | % | 0.330 | % | 0.320 | % | ||||||||
EQ/Equity 500 Index |
0.250 | % | 0.240 | % | 0.230 | % | 0.220 | % | ||||||||
EQ/Intermediate Government Bond |
0.350 | % | 0.340 | % | 0.330 | % | 0.320 | % | ||||||||
EQ/International Equity Index |
0.400 | % | 0.390 | % | 0.380 | % | 0.370 | % | ||||||||
EQ/Large Cap Growth Index |
0.350 | % | 0.340 | % | 0.330 | % | 0.320 | % | ||||||||
EQ/Large Cap Value Index |
0.350 | % | 0.340 | % | 0.330 | % | 0.320 | % | ||||||||
EQ/Mid Cap Index |
0.350 | % | 0.340 | % | 0.330 | % | 0.320 | % | ||||||||
EQ/Small Company Index |
0.250 | % | 0.240 | % | 0.230 | % | 0.220 | % |
(as a percentage of average daily net assets) | ||||||||||||||||
ETF Portfolio | First $4 Billion |
Next $4 Billion |
Next $2 Billion |
Thereafter | ||||||||||||
EQ/International ETF |
0.400 | % | 0.390 | % | 0.380 | % | 0.370 | % | ||||||||
EQ/Energy ETF |
0.500 | % | 0.490 | % | 0.480 | % | 0.470 | % | ||||||||
EQ/Low Volatility Global ETF |
0.500 | % | 0.490 | % | 0.480 | % | 0.470 | % |
(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 | |||||||||||||||
AXA SmartBeta Equity |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | ||||||||||
EQ/AllianceBernstein Dynamic Wealth Strategies |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % |
(as a percentage of average daily net assets) | ||||||||||||||||||||
Equity Portfolios | First $1 Billion |
Next $1 Billion |
Next $3 Billion |
Next $5 Billion |
Thereafter | |||||||||||||||
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/Franklin Balanced Managed Volatility |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | ||||||||||
AXA/Mutual Large Cap Equity Managed Volatility |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | ||||||||||
AXAXA/Xxxxxxxxx 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/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/Xxxxxx Xxxxxxx Mid Cap Growth |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | ||||||||||
EQ/Xxxxxxxxxxx Global |
0.950 | % | 0.900 | % | 0.875 | % | 0.850 | % | 0.825 | % | ||||||||||
EQ/Xxxxx Fargo Omega Growth |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % |
(as a percentage of average daily net assets) | ||||||||||||||||||||
Equity Portfolios | First $2 Billion |
Next $1 Billion |
Next $3 Billion |
Next $5 Billion |
Thereafter | |||||||||||||||
EQ/AllianceBernstein Small Cap Growth |
0.550 | % | 0.500 | % | 0.475 | % | 0.450 | % | 0.425 | % | ||||||||||
AXA/Horizon Small Cap Value |
0.800 | % | 0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % | ||||||||||
AXA/Lord Xxxxxx Micro Cap |
0.850 | % | 0.800 | % | 0.775 | % | 0.750 | % | 0.725 | % | ||||||||||
AXA/Xxxxxx Xxxxxxx Small Cap Growth |
0.800 | % | 0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % | ||||||||||
AXA/Pacific Global Small Cap Value |
0.800 | % | 0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % | ||||||||||
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) | ||||||||||||||||||||
PLUS Portfolios | First $2 Billion |
Next $1 Billion |
Next $3 Billion |
Next $5 Billion |
Thereafter | |||||||||||||||
AXA International Core Managed Volatility |
0.600 | % | 0.550 | % | 0.525 | % | 0.500 | % | 0.475 | % | ||||||||||
AXA International Value Managed Volatility |
0.600 | % | 0.550 | % | 0.525 | % | 0.500 | % | 0.475 | % | ||||||||||
AXA Large Cap Core Managed Volatility |
0.500 | % | 0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | ||||||||||
AXA Large Cap Growth Managed Volatility |
0.500 | % | 0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | ||||||||||
AXA Large Cap Value Managed Volatility |
0.500 | % | 0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | ||||||||||
AXA Mid Cap Value Managed Volatility |
0.550 | % | 0.500 | % | 0.475 | % | 0.450 | % | 0.425 | % | ||||||||||
EQ/Emerging Markets Equity PLUS |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | ||||||||||
EQ/Real Estate PLUS |
0.550 | % | 0.500 | % | 0.475 | % | 0.450 | % | 0.425 | % |
(as a percentage of average daily net assets) | ||||||||||||
PLUS Portfolios | First $4 Billion |
Next $4 Billion |
Thereafter | |||||||||
EQ/Global Bond PLUS |
0.550 | % | 0.530 | % | 0.510 | % | ||||||
EQ/Quality Bond PLUS |
0.400 | % | 0.380 | % | 0.360 | % | ||||||
Multimanager Core Bond |
0.550 | % | 0.530 | % | 0.510 | % |
(as a percentage of average daily net assets) | ||||||||||||
Fixed Income Portfolios | First $2 Billion |
Next $2 Billion |
Thereafter | |||||||||
EQ/AllianceBernstein Short Duration Government Bond |
0.450 | % | 0.430 | % | 0.410 | % |
(as a percentage of average daily net assets) | ||||||||||||
Fixed Income Portfolios | First $4 Billion |
Next $4 Billion |
Thereafter | |||||||||
EQ/Convertible Securities |
0.700 | % | 0.680 | % | 0.660 | % | ||||||
EQ/High Yield Bond |
0.600 | % | 0.580 | % | 0.560 | % |
(as a percentage of average daily net assets) | ||||||||||||||||||||
Fixed Income Portfolio | First $750 Million |
Next $750 Million |
Next $1 Billion |
Next $2.5 Billion |
Thereafter | |||||||||||||||
EQ/PIMCO Global Real Return |
0.600 | % | 0.575 | % | 0.550 | % | 0.530 | % | 0.520 | % |
(as a percentage of average daily net assets) | ||||||||||||||||
Tactical Portfolios | First $3 Billion |
Next $4 Billion |
Next $3 Billion |
Thereafter | ||||||||||||
ATM International Managed Volatility |
0.450 | % | 0.430 | % | 0.410 | % | 0.400 | % | ||||||||
ATM Large Cap Managed Volatility |
0.450 | % | 0.430 | % | 0.410 | % | 0.400 | % | ||||||||
ATM Mid Cap Managed Volatility |
0.450 | % | 0.430 | % | 0.410 | % | 0.400 | % | ||||||||
ATM Small Cap Managed Volatility |
0.450 | % | 0.430 | % | 0.410 | % | 0.400 | % | ||||||||
AXA 2000 Managed Volatility |
0.450 | % | 0.430 | % | 0.410 | % | 0.400 | % | ||||||||
AXA 400 Managed Volatility |
0.450 | % | 0.430 | % | 0.410 | % | 0.400 | % | ||||||||
AXA 500 Managed Volatility |
0.450 | % | 0.430 | % | 0.410 | % | 0.400 | % | ||||||||
AXA International Managed Volatility |
0.450 | % | 0.430 | % | 0.410 | % | 0.400 | % |