AMENDMENT NO. 8 TO THE AMENDED AND RESTATED INVESTMENT MANAGEMENT AGREEMENT
Exhibit (d)(1)(xvi)
AMENDMENT NO. 8
TO THE
AMENDED AND RESTATED
INVESTMENT MANAGEMENT AGREEMENT
Amendment No. 8 to the Amended and Restated Investment Management Agreement (“Amendment No. 8”), dated as of , 2005 between EQ Advisors Trust, a Delaware statutory trust (“Trust”) and AXA Equitable Life Insurance Company, a New York stock life insurance company (“AXA Equitable” or “Manager”).
The Trust and AXA Equitable agree to modify and amend the Amended and Restated Investment Management Agreement dated as of May 1, 2000 (“Agreement”) and as amended by Amendment No. 1 dated as of September 1, 2000, Amendment No. 2 dated as of September 1, 2001, Amendment No. 3 dated as of November 22, 2002, Amendment No. 4 dated as of May 2, 2003, Amendment No. 5 dated as of July 8, 2004, Amendment No. 6 dated as of October 25, 2004 and Amendment No. 7 dated as of May 1, 2005 (collectively, the “Amendments” and together with the Agreement, the “Amended Agreement”), as follows:
| 1. | New Portfolios. The Trust hereby appoints AXA Equitable as the investment manager of the EQ/Evergreen International Bond Portfolio, EQ/Ariel Appreciation II Portfolio and EQ/Xxxx Xxxxx Value Equity Portfolio (“New Portfolios”) on the terms and conditions contained in the Amended Agreement. |
| 2. | Duration of Agreement. |
| (a) | Except as noted in subsections (b) and (c) below, with respect to each existing Portfolio as specified in Appendix A to the Amended Agreement (except as provided below), the Amended Agreement will continue in effect until July 31, 2006 and may be continued thereafter pursuant to subsection (d) below. |
| (b) | The Amended Agreement will continue in effect until October 25, 2006 with respect to the EQ/Xxxxx Fargo Xxxxxxxxxx Small Cap Portfolio and may be continued thereafter pursuant to subsection (d) below; and the Amended Agreement will continue in effect until May 1, 2007 with respect to the EQ/Lord Xxxxxx Growth and Income, EQ/Lord Xxxxxx Large Cap Core, EQ/Lord Xxxxxx Mid Cap Value, EQ/Xxx Xxxxxx Xxxxxxxx and EQ/Xxx Xxxxxx Mid Cap Growth Portfolios and may be continued thereafter pursuant to subsection (d) below. |
| (c) | With respect to the New Portfolios specified in Amendment No. 8, the Amended Agreement will continue in effect until two years after its effective date and may be continued thereafter pursuant to subsection (d) below. |
| (d) | With respect to each Portfolio, this Amended Agreement shall continue in effect annually after the date specified in subsection (a), (b) and (c), as the case may be, and will continue in effect for an initial period of two years and thereafter only so long as such continuance is approved annually by the Board of Trustees or by vote of the outstanding shares of the Portfolio and also by a majority of the Independent Trustees. The required shareholder approval of the Amended Agreement or of any continuance of the Amended 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 Investment Company Act) of shares of such Portfolio votes to approve the Amended Agreement or its continuance, notwithstanding that the agreement or its continuance may not have been approved by a majority of the outstanding voting securities of (i) any other Portfolio affected by the Amended Agreement, or (ii) all the Portfolios of the Trust. |
| 3. | Appendix A. Appendix A to the Agreement and Amendments, which set forth the Portfolios of the Trust for which AXA Equitable is appointed investment manager is hereby replaced in its entirety by Appendix A attached hereto, and |
| 4. | Appendix B. Appendix B to the Agreement and Amendments, which set forth the fees payable to AXA Equitable with respect to each Portfolio, is hereby replaced in its entirety by Appendix B attached hereto. |
Except as modified and amended hereby, the Amended Agreement is hereby ratified and confirmed in fully 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 LIFE INSURANCE COMPANY | |
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| Xxxxxxx X. Xxxxxxxxx Chief Financial Officer |
Xxxxxx X. Xxxxx Senior Vice President | |
APPENDIX A
AMENDMENT NO. 8
AMENDED AND RESTATED
INVESTMENT MANAGEMENT AGREEMENT
Portfolios
| EQ/Alliance Common Stock Portfolio EQ/Alliance Growth and Income Portfolio EQ/Alliance Intermediate Government Securities Portfolio EQ/Alliance International Portfolio EQ/Alliance Large Cap Growth Portfolio (fka EQ/Alliance Premier Growth Portfolio) EQ/Alliance Quality Bond Portfolio EQ/Alliance Small Cap Growth Portfolio EQ/Ariel Appreciation II Portfolio EQ/Xxxxxxxxx Diversified Value Portfolio EQ/Xxxxxxx Socially Responsible Portfolio EQ/Capital Guardian Growth Portfolio EQ/Capital Guardian International Portfolio EQ/Capital Guardian Research Portfolio EQ/Capital Guardian U.S. Equity Portfolio EQ/Xxx Xxxxxx Emerging Markets Equity Portfolio (fka EQ/Emerging Markets Equity Portfolio) EQ/Evergreen Omega Portfolio (fka Evergreen Portfolio) EQ/Evergreen International Bond Portfolio EQ/Equity 500 Index Portfolio (fka Alliance Equity Index Portfolio) EQ/FI Mid Cap Portfolio |
EQ/FI Small/Mid Cap Value Portfolio (fka Warburg Pincus Small Co. Value Portfolio) EQ/Janus Large Cap Growth Portfolio EQ/X.X. Xxxxxx Core Bond Portfolio (fka JPM Core Bond Portfolio) EQ/X.X. Xxxxxx Value Opportunities EQ/Lazard Small Cap Value Portfolio EQ/Xxxx Xxxxx Value Equity Portfolio EQ/Lord Xxxxxx Growth and Income Portfolio EQ/Lord Xxxxxx Mid Cap Value Portfolio EQ/Lord Xxxxxx Large Cap Core Portfolio EQ/Xxxxxxx Focus Portfolio EQ/Mercury Basic Value Equity Portfolio (fka Xxxxxxx Xxxxx Basic Value Equity Portfolio) EQ/Mercury International Value Portfolio (fka EQ/Xxxxxx International Equity Portfolio) EQ/MFS Investors Trust Portfolio (fka MFS Growth with Income Portfolio) EQ/MFS Emerging Growth Companies Portfolio EQ/Money Market Portfolio EQ/Small Company Index Portfolio (fka BT Small Company Index Portfolio) EQ/Xxx Xxxxxx Xxxxxxxx Portfolio EQ/Xxx Xxxxxx Mid Cap Growth Portfolio EQ/Xxxxx Fargo Xxxxxxxxxx Small Cap Portfolio |
APPENDIX B
AMENDMENT NO. 8
TO THE AMENDED AND RESTATED
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) (fee on all assets)
| Index Portfolios |
|||
| EQ/Equity 500 Index |
0.250 | % | |
| EQ/Small Company Index |
0.250 | % | |
| (as a percentage of average daily net assets) | |||||||||||||||
| Debt Portfolios |
First $750 Million |
Next $750 Million |
Next $1 Billion |
Next $2.5 Billion |
Thereafter |
||||||||||
| EQ/Alliance Intermediate Government Securities |
0.500 | % | 0.475 | % | 0.450 | % | 0.430 | % | 0.420 | % | |||||
| EQ/Money Market |
0.350 | % | 0.325 | % | 0.300 | % | 0.280 | % | 0.270 | % | |||||
| EQ/Alliance Quality Bond |
0.525 | % | 0.500 | % | 0.475 | % | 0.455 | % | 0.445 | % | |||||
| EQ/X.X. Xxxxxx Core Bond |
0.450 | % | 0.425 | % | 0.400 | % | 0.380 | % | 0.370 | % | |||||
| EQ/Evergreen International Bond |
0.700 | % | 0.675 | % | 0.650 | % | 0.630 | % | 0.620 | % | |||||
| (as a percentage of average daily net assets) | |||||||||||||||
| Equity Portfolios |
First $1 Billion |
Next $1 Billion |
Next $3 Billion |
Next $5 Billion |
Thereafter |
||||||||||
| EQ/Alliance Common Stock |
0.550 | % | 0.500 | % | 0.475 | % | 0.450 | % | 0.425 | % | |||||
| EQ/Alliance Growth and Income |
0.600 | % | 0.550 | % | 0.525 | % | 0.500 | % | 0.475 | % | |||||
| EQ/Alliance International |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | |||||
| EQ/Alliance Large Cap Growth |
0.900 | % | 0.850 | % | 0.825 | % | 0.800 | % | 0.775 | % | |||||
| EQ/Alliance Small Cap Growth |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | |||||
| EQ/Xxxxxxxxx Diversified Value |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | |||||
| EQ/Xxxxxxx Socially Responsible |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | |||||
| EQ/Capital Guardian International |
0.850 | % | 0.800 | % | 0.775 | % | 0.750 | % | 0.725 | % | |||||
| EQ/Capital Guardian Research |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | |||||
| EQ/Capital Guardian U.S. Equity |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | |||||
| EQ/Evergreen Omega |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | |||||
| EQ/FI Small/Mid Cap Value |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | |||||
| EQ/FI Mid Cap |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | |||||
| EQ/Janus Large Cap Growth |
0.900 | % | 0.850 | % | 0.825 | % | 0.800 | % | 0.775 | % | |||||
| EQ/Lazard Small Cap Value |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | |||||
| EQ/Xxxxxxx Focus |
0.900 | % | 0.850 | % | 0.825 | % | 0.800 | % | 0.775 | % | |||||
| EQ/Mercury Basic Value Equity |
0.600 | % | 0.550 | % | 0.525 | % | 0.500 | % | 0.475 | % | |||||
| EQ/Mercury International Value |
0.850 | % | 0.800 | % | 0.775 | % | 0.750 | % | 0.725 | % | |||||
| EQ/MFS Emerging Growth Companies |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | |||||
| EQ/MFS Investors Trust |
0.600 | % | 0.550 | % | 0.525 | % | 0.500 | % | 0.475 | % | |||||
| EQ/Xxx Xxxxxx Emerging Markets Equity |
1.150 | % | 1.100 | % | 1.075 | % | 1.050 | % | 1.025 | % | |||||
| X.X. Xxxxxx Value Opportunities |
0.600 | % | 0.550 | % | 0.525 | % | 0.500 | % | 0.475 | % | |||||
| EQ/Capital Guardian Growth |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | |||||
| EQ/Xxxxx Fargo Xxxxxxxxxx Small Cap |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | |||||
| EQ/Lord Xxxxxx Growth and Income |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | |||||
| EQ/Lord Xxxxxx Mid Cap Value |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | |||||
| (as a percentage of average daily net assets) | |||||||||||||||
| Equity Portfolios |
First $1 Billion |
Next $1 Billion |
Next $3 Billion |
Next $5 Billion |
Thereafter |
||||||||||
| EQ/Lord Xxxxxx Large Cap Core |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | |||||
| EQ/Xxx Xxxxxx Xxxxxxxx |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | |||||
| EQ/Xxx Xxxxxx Mid Cap Growth |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | |||||
| EQ/Ariel Appreciation II |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | |||||
| EQ/Xxxx Xxxxx Value Equity |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | |||||
