FORM OF AMENDMENT NO. 8 TO THE INVESTMENT MANAGEMENT AGREEMENT
EX-99.(d)(1)(i)(A)(ix)
FORM OF AMENDMENT NO. 8
TO THE
INVESTMENT MANAGEMENT AGREEMENT
AMENDMENT NO. 8 to the Investment Management Agreement (“Amendment No. 8”), effective as of [ , 2013] between EQ Advisors Trust, a Delaware statutory trust (the “Trust”) and AXA Equitable Funds Management Group, LLC, a limited liability corporation organized in the State of Delaware (“FMG LLC” or “Manager”).
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. | New Portfolios. The Trust hereby appoints FMG LLC as the investment manager of the following new Portfolios: |
EQ/Energy ETF Portfolio
EQ/Low Volatility Global ETF Portfolio
EQ/Convertible Securities Portfolio
AXA SmartBeta Equity Portfolio
(collectively, the “New Portfolios”)
on the terms and conditions contained in the Agreement.
2. | 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 another 12 months beyond August 31, 2013 and may be continued thereafter pursuant to subsection (c) below. |
b. | With respect to the New Portfolios, the Agreement will continue in effect for two years after the effective date of Amendment No. 8 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”) by a vote cast in person at a meeting called for the purpose of voting on such approval, 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. |
1. | Appendix A: Appendix A to the Agreement, which sets forth the Portfolios of the Trust for which AXA FMG is appointed investment manager is hereby replaced in its entirety by Appendix A attached hereto; and |
2. | 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. 8 as of the date first above set forth.
EQ ADVISORS TRUST | AXA EQUITABLE FUNDS MANAGEMENT GROUP, LLC | |||||||
By: | By: | |||||||
Xxxxx Xxxxx | Xxxxxx X. Xxxxx | |||||||
Chief Financial Officer and Treasurer |
Chairman, Chief Executive Officer and President |
APPENDIX A
AMENDMENT NO. 8 TO
INVESTMENT MANAGEMENT AGREEMENT
Portfolios
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 Short-Term Bond Portfolio EQ/AllianceBernstein Short Duration Government Bond Portfolio EQ/AllianceBernstein Small Cap Growth Portfolio EQ/AXA Franklin Small Cap Value Core Portfolio EQ/BlackRock Basic Value Equity Portfolio EQ/Xxxxxxx Socially Responsible Portfolio EQ/Capital Guardian Research Portfolio EQ/Common Stock Index Portfolio EQ/Core Bond Index Portfolio EQ/Xxxxx New York Venture Portfolio EQ/Emerging Markets Equity PLUS Portfolio EQ/Equity 500 Index Portfolio EQ/Equity Growth PLUS Portfolio EQ/Franklin Core Balanced Portfolio EQ/Global Bond PLUS Portfolio EQ/Global Multi-Sector Equity Portfolio EQ/High Yield Bond Portfolio EQ/Intermediate Government Bond Portfolio |
EQ/International Core PLUS Portfolio EQ/International Equity Index Portfolio EQ/International ETF Portfolio EQ/International Value PLUS Portfolio EQ/JPMorgan Value Opportunities Portfolio EQ/Large Cap Core PLUS Portfolio EQ/Large Cap Growth Index Portfolio EQ/Large Cap Growth PLUS Portfolio EQ/Large Cap Value Index Portfolio EQ/Large Cap Value PLUS Portfolio EQ/Lord Xxxxxx Large Cap Core Portfolio EQ/Mid Cap Index Portfolio EQ/Mid Cap Value PLUS Portfolio EQ/Money Market Portfolio EQ/Xxxxxx Xxxxxxx Mid Cap Growth Portfolio EQ/Mutual Large Cap Equity Portfolio EQ/Natural Resources PLUS 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/Xxxxxxxxx Global Equity Portfolio EQ/Xxx Xxxxxx Xxxxxxxx Portfolio EQ/Xxxxx Fargo Omega Growth Portfolio
EQ/Energy ETF Portfolio EQ/Low Volatility Global ETF Portfolio EQ/Convertible Securities Portfolio AXA SmartBeta Equity Portfolio |
APPENDIX B
AMENDMENT NO. 8 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:
Index Portfolios |
First $4 Billion |
Next $4 Billion |
Next $2 Billion |
Thereafter | ||||||||||||
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 Portfolios |
First $4 Billion |
Next $4 Billion |
Thereafter | |||||||||
EQ/International ETF |
0.400 | % | 0.390 | % | 0.380 | % | ||||||
EQ/Energy ETF |
XXX | XXX | TBD | |||||||||
EQ/Low Volatility Global ETF |
XXX | XXX | TBD |
(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 | |||||||||||||||
EQ/AllianceBernstein Dynamic Wealth Strategies |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | ||||||||||
EQ/AXA Franklin Small Cap Value Core |
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/Xxxxx New York Venture |
0.850 | % | 0.800 | % | 0.775 | % | 0.750 | % | 0.725 | % | ||||||||||
EQ/Franklin Core Balanced |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | ||||||||||
EQ/Global Multi-Sector Equity |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | ||||||||||
EQ/JPMorgan Value Opportunities |
0.600 | % | 0.550 | % | 0.525 | % | 0.500 | % | 0.475 | % | ||||||||||
EQ/Lord Xxxxxx Large Cap Core |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | ||||||||||
EQ/Mutual Large Cap Equity |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | ||||||||||
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 | % | ||||||||||
EQEQ/Xxxxxxxxx Global Equity |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | ||||||||||
EQ/Xxx Xxxxxx Xxxxxxxx |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | ||||||||||
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 | % |
(as a percentage of average daily net assets) | ||||||||||||||||||||
PLUS Portfolios |
First $2 Billion |
Next $1 Billion |
Next $3 Billion |
Next $5 Billion |
Thereafter | |||||||||||||||
EQ/Emerging Markets Equity PLUS |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | ||||||||||
EQ/Equity Growth PLUS |
0.500 | % | 0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | ||||||||||
EQ/International Core PLUS |
0.600 | % | 0.550 | % | 0.525 | % | 0.500 | % | 0.475 | % | ||||||||||
EQ/International Value PLUS |
0.600 | % | 0.550 | % | 0.525 | % | 0.500 | % | 0.475 | % | ||||||||||
EQ/Mid Cap Value PLUS |
0.550 | % | 0.500 | % | 0.475 | % | 0.450 | % | 0.425 | % | ||||||||||
EQ/Large Cap Growth PLUS |
0.500 | % | 0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | ||||||||||
EQ/Large Cap Core PLUS |
0.500 | % | 0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | ||||||||||
EQ/Large Cap Value PLUS |
0.500 | % | 0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | ||||||||||
EQ/Natural Resources PLUS |
0.550 | % | 0.500 | % | 0.475 | % | 0.450 | % | 0.425 | % | ||||||||||
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 | % |
(as a percentage of average daily net assets) | ||||||||||||
First $2 Billion |
Next $2 Billion |
Thereafter | ||||||||||
Fixed Income Portfolios |
||||||||||||
EQ/AllianceBernstein Short-Term Bond |
0.450 | % | 0.430 | % | 0.410 | % | ||||||
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/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) | ||||||||||||||||
First $3 Billion |
Next $4 Billion |
Next $3 Billion |
Thereafter | |||||||||||||
Tactical Portfolios |
||||||||||||||||
ATM International |
0.450 | % | 0.430 | % | 0.410 | % | 0.400 | % | ||||||||
ATM Large Cap |
0.450 | % | 0.430 | % | 0.410 | % | 0.400 | % | ||||||||
ATM Mid Cap |
0.450 | % | 0.430 | % | 0.410 | % | 0.400 | % | ||||||||
ATM Small Cap |
0.450 | % | 0.430 | % | 0.410 | % | 0.400 | % | ||||||||
AXA Tactical Manager 2000 |
0.450 | % | 0.430 | % | 0.410 | % | 0.400 | % | ||||||||
AXA Tactical Manager 400 |
0.450 | % | 0.430 | % | 0.410 | % | 0.400 | % | ||||||||
AXA Tactical Manager 500 |
0.450 | % | 0.430 | % | 0.410 | % | 0.400 | % | ||||||||
AXA Tactical Manager International |
0.450 | % | 0.430 | % | 0.410 | % | 0.400 | % |
(as a percentage of average daily net assets) | ||||||||||||||||||||
Specialty Portfolios |
XXX | XXX | XXX | XXX | TBD | |||||||||||||||
AXA SmartBeta Equity |
XXX | XXX | XXX | XXX | TBD | |||||||||||||||
EQ/Convertible Securities |
XXX | XXX | XXX | XXX | TBD |