FORM] OF AMENDMENT NO. 18 EXPENSE LIMITATION AGREEMENT
[FORM] OF AMENDMENT NO. 18
Amendment No. 18, effective as of [ , 2017] (“Amendment No. 18”) to the Expense Limitation Agreement dated as of May 1, 2011, as amended (“Agreement”), between AXA Equitable Funds Management Group, LLC (“FMG LLC” or the “Manager”) and EQ Advisors Trust (the “Trust”).
The Manager and Trust hereby agree to modify and amend the Agreement as follows:
| 1. | The maximum annual operating expense limit for the All Asset Moderate Growth-Alt 15 Portfolios has been revised. |
| 2. | Name Changes. Effective [ , 2017], the following Portfolio’s names shall be changed as follows: |
| Existing Portfolio Name |
Proposed Portfolio Name | |
| All Asset Moderate Growth-Alt 15 |
1290 VT DoubleLine Dynamic Allocation | |
| AXA/DoubleLine Opportunistic Core Plus Bond |
1290 VT DoubleLine Opportunistic Bond | |
| AXA/Lord Xxxxxx Micro Cap |
1290 VT Micro Cap | |
| AXA Natural Resources |
1290 VT Natural Resources | |
| AXA Real Estate |
1290 VT Real Estate | |
| AXA SmartBeta Equity |
1290 VT SmartBeta Equity | |
| EQ/Convertible Securities |
1290 VT Convertible Securities | |
| EQ/Energy ETF |
1290 VT Energy | |
| EQ/High Yield Bond |
1290 VT High Yield Bond | |
| EQ/Low Volatility Global ETF |
1290 VT Low Volatility Global Equity |
| 3. | Schedule A. Schedule A to the Agreement, which sets forth the Portfolios of the Trust subject to the Agreement, is hereby replaced in its entirety by Schedule A 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. 18 as of the date first above set forth.
| EQ ADVISORS TRUST | AXA EQUITABLE FUNDS MANAGEMENT GROUP, LLC | |||||||
| By: |
|
By: |
| |||||
| Xxxxx Xxxxx Chief Financial Officer and Treasurer |
Xxxxxx X. Xxxxx Chairman, Chief Executive Officer and President | |||||||
SCHEDULE A
AMENDMENT NO. 18
MAXIMUM ANNUAL OPERATING EXPENSE LIMITS
This Agreement relates to the following Portfolios of the Trust:
| Portfolio |
Maximum Annual Operating Expense Limit | |||||||||||
| Class K | Class IA+ | Class IB+ | ||||||||||
| AXA/Franklin Balanced Managed Volatility Portfolio |
1.05 | % | 1.30 | % | 1.30 | % | ||||||
| AXA/Franklin Small Cap Value Managed Volatility Portfolio |
1.05 | % | 1.30 | % | 1.30 | % | ||||||
| AXA/Franklin Xxxxxxxxx Allocation Managed Volatility Portfolio |
0.15 | % | 0.40 | % | 0.40 | % | ||||||
| AXA/Mutual Large Cap Equity Managed Volatility Portfolio |
1.05 | % | 1.30 | % | 1.30 | % | ||||||
| AXA/Templeton Global Equity Managed Volatility Portfolio |
1.10 | % | 1.35 | % | 1.35 | % | ||||||
| AXA International Core Managed Volatility Portfolio |
0.85 | % | 1.10 | % | 1.10 | % | ||||||
| AXA International Value Managed Volatility Portfolio |
0.85 | % | 1.10 | % | 1.10 | % | ||||||
| AXA Large Cap Core Managed Volatility Portfolio |
0.75 | % | 1.00 | % | 1.00 | % | ||||||
| AXA Large Cap Growth Managed Volatility Portfolio |
0.75 | % | 1.00 | % | 1.00 | % | ||||||
| AXA Large Cap Value Managed Volatility Portfolio |
0.75 | % | 1.00 | % | 1.00 | % | ||||||
| AXA Mid Cap Value Managed Volatility Portfolio |
0.80 | % | 1.05 | % | 1.05 | % | ||||||
| 1290 VT Natural Resources (fka, AXA Natural Resources Portfolio) |
0.65 | % | N/A | 0.90 | % | |||||||
| 1290 VT Real Estate (fka, AXA Real Estate Portfolio) |
0.65 | % | N/A | 0.90 | % | |||||||
| EQ/Emerging Markets Equity PLUS Portfolio |
1.00 | % | N/A | 1.25 | % | |||||||
| EQ/Global Bond PLUS Portfolio |
0.75 | % | 1.00 | % | 1.00 | % | ||||||
| EQ/Quality Bond PLUS Portfolio |
0.60 | % | 0.85 | % | 0.85 | % | ||||||
| All Asset Aggressive-Alt 25 Portfolio |
0.40 | % | N/A | 0.65 | % | |||||||
| All Asset Aggressive-Alt 50 Portfolio |
0.40 | % | N/A | 0.65 | % | |||||||
| All Asset Aggressive-Alt 75 Portfolio |
0.40 | % | N/A | 0.65 | % | |||||||
| All Asset Growth – Alt 20 Portfolio |
1.10 | %* | 1.35 | %* | 1.35 | %* | ||||||
|
|
% | % | ||||||||||
| AXA Aggressive Strategy Portfolio |
0.90 | %* | N/A | 1.15 | %* | |||||||
| AXA Balanced Strategy Portfolio |
0.80 | %* | 1.05 | %* | 1.05 | %* | ||||||
| AXA Conservative Growth Strategy Portfolio |
0.75 | %* | 1.00 | %* | 1.00 | %* | ||||||
| AXA Conservative Strategy Portfolio |
0.70 | %* | 0.95 | %* | 0.95 | %* | ||||||
| AXA Growth Strategy Portfolio |
0.85 | %* | 1.10 | %* | 1.10 | %* | ||||||
| AXA Moderate Growth Strategy Portfolio |
0.85 | %* | 1.10 | %* | 1.10 | %* | ||||||
| AXA Ultra Conservative Strategy Portfolio |
0.70 | %* | 0.95 | %* | 0.95 | %* | ||||||
| ATM International Managed Volatility Portfolio |
0.70 | % | N/A | 0.95 | % | |||||||
| ATM Large Cap Managed Volatility Portfolio |
0.70 | % | 0.95 | % | 0.95 | % | ||||||
| ATM Mid Cap Managed Volatility Portfolio |
0.70 | % | 0.95 | % | 0.95 | % | ||||||
| ATM Small Cap Managed Volatility Portfolio |
0.70 | % | 0.95 | % | 0.95 | % | ||||||
| AXA 2000 Managed Volatility Portfolio |
0.70 | % | 0.95 | % | 0.95 | % | ||||||
| AXA 400 Managed Volatility Portfolio |
0.70 | % | 0.95 | % | 0.95 | % | ||||||
| AXA 500 Managed Volatility Portfolio |
0.70 | % | 0.95 | % | 0.95 | % | ||||||
| AXA International Managed Volatility Portfolio |
0.70 | % | N/A | 0.95 | % | |||||||
| Portfolio |
Maximum Annual Operating Expense Limit | |||||||||||
| Class K | Class IA+ | Class IB+ | ||||||||||
| 1290 VT Socially Responsible Portfolio |
0.90 | % | 1.15 | % | 1.15 | % | ||||||
| 1290 VT SmartBeta Equity (fka, AXA SmartBeta Equity Portfolio) |
1.00 | % | N/A | 1.25 | % | |||||||
| AXA/AB Dynamic Moderate Growth Portfolio |
0.95 | %* | 1.20 | %* | 1.20 | %* | ||||||
| AXA/AB Short Duration Government Bond Portfolio |
0.65 | % | 0.90 | % | 0.90 | % | ||||||
| AXA/ClearBridge Large Cap Growth Portfolio |
0.80 | % | 1.05 | % | 1.05 | % | ||||||
| AXA/Horizon Small Cap Value Portfolio |
0.90 | % | N/A | 1.15 | % | |||||||
| AXA/Janus Enterprise Portfolio |
0.85 | % | 1.10 | % | 1.10 | % | ||||||
| AXA/Xxxxxx Xxxxxx Growth Portfolio |
0.85 | % | 1.10 | % | 1.10 | % | ||||||
| 1290 VT Micro Cap (fka, AXA/Lord Xxxxxx Micro Cap Portfolio) |
1.05 | % | N/A | 1.30 | % | |||||||
| AXA/Xxxxxx Xxxxxxx Small Cap Growth Portfolio |
0.95 | % | N/A | 1.20 | % | |||||||
| AXA/Pacific Global Small Cap Value Portfolio |
0.95 | % | N/A | 1.20 | % | |||||||
| EQ/BlackRock Basic Value Equity Portfolio |
0.70 | % | 0.95 | % | 0.95 | % | ||||||
| EQ/Boston Advisors Equity Income Portfolio |
0.75 | % | 1.00 | % | 1.00 | % | ||||||
| EQ/Capital Guardian Research Portfolio |
0.72 | % | 0.97 | % | 0.97 | % | ||||||
| 1290 VT Convertible Securities (fka, EQ/Convertible Securities Portfolio) |
1.05 | %* | N/A | 1.30 | %* | |||||||
| EQ/Core Bond Index Portfolio |
0.47 | % | 0.72 | % | 0.72 | % | ||||||
| 1290 VT Energy (fka, EQ/Energy ETF Portfolio) |
0.70 | % | N/A | 0.95 | % | |||||||
| 1290 VT High Yield (fka, EQ/High Yield Bond Portfolio) |
0.85 | % | N/A | 1.10 | % | |||||||
| EQ/Invesco Xxxxxxxx Portfolio |
0.75 | % | 1.00 | % | 1.00 | % | ||||||
| EQ/JPMorgan Value Opportunities Portfolio |
0.75 | % | 1.00 | % | 1.00 | % | ||||||
| 1290 VT Low Volatility Global Equity (fka, EQ/Low Volatility Global ETF Portfolio) |
0.70 | % | N/A | 0.95 | % | |||||||
| EQ/MFS International Growth Portfolio |
1.00 | % | 1.25 | % | 1.25 | % | ||||||
| EQ/Xxxxxxxxxxx Global Portfolio |
1.00 | % | 1.25 | % | 1.25 | % | ||||||
| EQ/PIMCO Global Real Return Portfolio |
0.75 | % | N/A | 1.00 | % | |||||||
| EQ/PIMCO Ultra Short Bond Portfolio |
0.60 | % | 0.85 | % | 0.85 | % | ||||||
| EQ/X. Xxxx Price Growth Stock Portfolio |
0.85 | % | 1.10 | % | 1.10 | % | ||||||
| EQ/UBS Growth and Income Portfolio |
0.80 | % | 1.05 | % | 1.05 | % | ||||||
| Multimanager Aggressive Equity Portfolio |
0.80 | % | 1.05 | % | 1.05 | % | ||||||
| Multimanager Core Bond Portfolio |
0.70 | % | 0.95 | % | 0.95 | % | ||||||
| Multimanager Mid Cap Growth Portfolio |
0.90 | % | 1.15 | % | 1.15 | % | ||||||
| Multimanager Mid Cap Value Portfolio |
0.90 | % | 1.15 | % | 1.15 | % | ||||||
| Multimanager Technology Portfolio |
1.00 | % | 1.25 | % | 1.25 | % | ||||||
| 1290 VT DoubleLine Dynamic Allocation Portfolio (fka, All Asset Moderate Growth-Alt 15) |
1.07 | % | N/A | 1.32 | % | |||||||
| AXA/AB Dynamic Growth Portfolio |
0.95 | %* | N/A | 1.20 | %* | |||||||
| 1290 VT DoubleLine Opportunistic Bond (fka, AXA/DoubleLine Opportunistic Core Plus Bond Portfolio) |
0.80 | % | N/A | 1.05 | % | |||||||
| AXA/Xxxxxxx Xxxxx Strategic Allocation Portfolio |
1.00 | %* | N/A | 1.25 | %* | |||||||
| AXA/Invesco Strategic Allocation Portfolio |
1.00 | %* | N/A | 1.25 | %* | |||||||
| AXA/Xxxx Xxxxx Strategic Allocation Portfolio |
1.00 | %* | N/A | 1.25 | %* | |||||||
| * | For purposes of calculating the Maximum Annual Operating Expense Limit, the expenses of other investment companies in which the Portfolio invests are included in Fund Operating Expenses. |
| + | Includes amounts payable pursuant to Rule 12b-1 of the Investment Company Act of 1940. |
