FORM OF AMENDMENT NO. 1 TO THE INVESTMENT ADVISORY AGREEMENT
Exhibit (d)(1)(ii)
FORM OF AMENDMENT NO. 1
TO THE
FORM OF AMENDMENT NO. 1 effective as of [ , 2020] (“Amendment No. 1”) to the Investment Advisory Agreement, dated as of November 13, 2019 (the “Agreement”) between AXA Premier VIP Trust, a Delaware statutory trust (“Trust”), and AXA Equitable Funds Management Group, LLC, a limited liability corporation organized in the State of Delaware (“Adviser or FMG LLC”).
WHEREAS, the Adviser and the Trust desire to modify the fees and breakpoint schedules with respect to the CharterSM Multi-Sector Bond Portfolio as highlighted in Appendix B.
NOW, THEREFORE, The Trust and the Adviser agree to modify and amend the Agreement as follows:
1. Name Change. The name of the CharterSM Multi-Sector Bond Portfolio is hereby changed to EQ/Core Plus Bond Portfolio.
2. Appendix A. Appendix A to the Agreement, which sets forth the Portfolios of the Trust for which FMG LLC is appointed investment adviser with respect to each Portfolio is hereby replaced in its entirety by Appendix A attached hereto.
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.
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. 1 as of the date first set forth above.
| AXA EQUITABLE FUNDS MANAGEMENT GROUP, LLC | AXA PREMIER VIP TRUST | |||||||
| By: |
|
By: |
| |||||
| Xxxxxxx Xxxxxxxxx | Xxxxx Xxxxx | |||||||
| Director, Executive Vice President and Chief Investment Officer | Chief Financial Officer and Treasurer | |||||||
APPENDIX A
Portfolios
CharterSM Aggressive Growth Portfolio
CharterSM Conservative Portfolio
CharterSM Growth Portfolio
CharterSM Moderate Growth Portfolio
CharterSM Moderate Portfolio
EQ/Core Plus Bond Portfolio
(formerly, CharterSM Multi-Sector Bond Portfolio)
CharterSM Small Cap Growth Portfolio
CharterSM Small Cap Value Portfolio
EQ/Aggressive Allocation Portfolio
EQ/Conservative Allocation Portfolio
EQ/Conservative-Plus Allocation Portfolio
EQ/Moderate Allocation Portfolio
EQ/Moderate-Plus Allocation Portfolio
Target 2015 Allocation Portfolio
Target 2025 Allocation Portfolio
Target 2035 Allocation Portfolio
Target 2045 Allocation Portfolio
Target 2055 Allocation Portfolio
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FORM OF AMENDMENT NO. 1 TO
APPENDIX B
The Trust will pay the Adviser, on a monthly basis, compensation computed and accrued daily at an annual rate equal to the following:
| (as percentage of daily net assets) | ||||||||||||||||||||
| Bond Portfolio |
First $750 Million |
Next $750 Million |
Next $1 Billion |
Next $2.5 Billion |
Thereafter | |||||||||||||||
| EQ/Core Plus Bond Portfolio (formerly, CharterSM Multi-Sector Bond Portfolio |
0.600 | % | 0.580 | % | 0.560 | % | 0.540 | % | 0.530 | % | ||||||||||
| (as percentage of daily net assets) | ||||||||||
| Classic Allocation Portfolios |
First $2 Billion |
Next $2 Billion |
Next $2 Billion |
Next $3 Billion |
Thereafter | |||||
| EQ/Aggressive Allocation Portfolio |
0.1000% | 0.0925% | 0.0900% | 0.0875% | 0.0850% | |||||
| EQ/Conservative Allocation Portfolio |
0.1000% | 0.0925% | 0.0900% | 0.0875% | 0.0850% | |||||
| EQ/Conservative-Plus Allocation Portfolio |
0.1000% | 0.0925% | 0.0900% | 0.0875% | 0.0850% | |||||
| EQ/Moderate Allocation Portfolio |
0.1000% | 0.0925% | 0.0900% | 0.0875% | 0.0850% | |||||
| EQ/Moderate-Plus Allocation Portfolio |
0.1000% | 0.0925% | 0.0900% | 0.0875% | 0.0850% | |||||
| (as percentage of daily net assets) | ||
| Charter Portfolios |
||
| CharterSM Conservative Portfolio |
0.15% of the Portfolio’s average daily net assets | |
| CharterSM Moderate Portfolio |
0.15% of the Portfolio’s average daily net assets | |
| CharterSM Moderate Growth Portfolio |
0.15% of the Portfolio’s average daily net assets | |
| CharterSM Growth Portfolio |
0.15% of the Portfolio’s average daily net assets | |
| CharterSM Aggressive Growth Portfolio |
0.15% of the Portfolio’s average daily net assets | |
| CharterSM Small Cap Growth Portfolio |
0.15% of the Portfolio’s average daily net assets | |
| CharterSM Small Cap Value Portfolio |
0.15% of the Portfolio’s average daily net assets | |
| (as percentage of daily net assets) | ||
| Target Date Portfolios |
||
| Target 2015 Allocation Portfolio |
0.10% of the Portfolio’s average daily net assets | |
| Target 2025 Allocation Portfolio |
0.10% of the Portfolio’s average daily net assets | |
| Target 2035 Allocation Portfolio |
0.10% of the Portfolio’s average daily net assets | |
| Target 2045 Allocation Portfolio |
0.10% of the Portfolio’s average daily net assets | |
| Target 2055 Allocation Portfolio |
0.10% of the Portfolio’s average daily net assets | |
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