AMENDMENT NO. 15 AMENDED AND RESTATED INVESTMENT MANAGEMENT AGREEMENT
Exhibit (d)(1)(xxix)
AMENDMENT NO. 15
AMENDED AND RESTATED
INVESTMENT MANAGEMENT AGREEMENT
Amendment No. 15, effective as of , 2009 (“Amendment No. 15”) to the Amended and Restated Investment Management Agreement, dated as of May 1, 2000, as amended (“Agreement”), 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 Agreement as follows:
| 1. | New Portfolios. The Trust hereby appoints AXA Equitable as the investment manager of the following new Portfolios: |
AXA Tactical Manager 500 Portfolio-I
AXA Tactical Manager 500 Portfolio-II
AXA Tactical Manager 500 Portfolio-III
AXA Tactical Manager 2000 Portfolio-I
AXA Tactical Manager 2000 Portfolio-II
AXA Tactical Manager 2000 Portfolio-III
AXA Tactical Manager 400 Portfolio-I
AXA Tactical Manager 400 Portfolio-II
AXA Tactical Manager 400 Portfolio-III
AXA Tactical Manager International Portfolio-I
AXA Tactical Manager International Portfolio-II
AXA Tactical Manager International Portfolio-III
(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 existing Portfolio as specified in Appendix A to the Agreement (except as provided below), the Agreement will continue in effect another 12 months beyond July 31, 2008 and may be continued thereafter pursuant to subsection (c) below. |
| b. | With respect to the New Portfolios specified in Amendment No. 15, the Agreement will continue in effect until two years after its effective date and may be continued thereafter pursuant to subsection (c) below. |
| c. | With respect to the 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”), 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 ▇▇▇▇ ▇▇▇) of shares of such Portfolio votes 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. |
| 3. | Name Changes. The names of the EQ/AllianceBernstein Common Stock Portfolio, EQ/Franklin Income Portfolio, EQ/▇▇▇▇▇▇▇▇▇ Growth Portfolio, EQ/Mutual Shares Portfolio, EQ/Franklin Small Cap Value Portfolio, EQ/▇▇▇ ▇▇▇▇▇▇ Emerging Markets Equity Portfolio, EQ/▇▇▇▇▇▇▇ Focus Portfolio and EQ/Evergreen International Portfolio will change to the EQ/Common Stock Index Portfolio, EQ/AXA Franklin Income Core Portfolio, EQ/AXA ▇▇▇▇▇▇▇▇▇ Growth Core Portfolio, EQ/AXA Mutual Shares Core Portfolio, EQ/AXA Franklin Small Cap Value Core Portfolio, EQ/Global Multi-Sector Equity Portfolio, EQ/Focus PLUS Portfolio and EQ/Global Bond PLUS Portfolio, respectively. |
| 4. | Appendix A: Appendix A to the Agreement, which sets 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 |
| 5. | Appendix B: Appendix B to the Agreement, which sets 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 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. 15 as of the date first above set forth.
| EQ ADVISORS TRUST | AXA EQUITABLE LIFE INSURANCE COMPANY | |||||||
| By: |
|
By: |
| |||||
| ▇▇▇▇▇ ▇▇▇▇▇ Chief Financial Officer and Treasurer |
▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Senior Vice President | |||||||
APPENDIX A
AMENDMENT NO. 15
AMENDED AND RESTATED
INVESTMENT MANAGEMENT AGREEMENT
Portfolios
EQ/AXA Franklin Income Core Portfolio (formerly, EQ/Franklin Income Portfolio)
EQ/AXA Franklin Small Cap Value Core Portfolio (formerly, EQ/Franklin Small Cap Value Portfolio)
EQ/AXA Mutual Shares Core Portfolio (formerly, EQ/Mutual Shares Portfolio)
EQ/AXA ▇▇▇▇▇▇▇▇▇ Growth Core Portfolio (formerly, EQ/▇▇▇▇▇▇▇▇▇ Growth Portfolio)
EQ/Global Bond PLUS Portfolio ((formerly, EQ/Evergreen International Bond Portfolio)
EQ/Focus PLUS Portfolio (formerly, EQ/▇▇▇▇▇▇▇ Focus Portfolio)
EQ/Large Cap Core PLUS Portfolio (formerly, MarketPLUS Large Cap Core Portfolio)
EQ/Large Cap Growth PLUS Portfolio (formerly, MarketPLUS Large Cap Growth Portfolio)
EQ/International Core PLUS Portfolio (formerly, MarketPLUS International Core Portfolio)
EQ/Mid Cap Value PLUS Portfolio (formerly, MarketPLUS Mid Cap Value Portfolio)
EQ/Quality Bond PLUS Portfolio (formerly, EQ/AllianceBernstein Quality Bond Portfolio)
EQ/AllianceBernstein International Portfolio
EQ/AllianceBernstein Small Cap Growth Portfolio
EQ/Ariel Appreciation II Portfolio
EQ/AXA ▇▇▇▇▇▇▇▇▇ Value Long/Short Equity Portfolio
EQ/BlackRock Basic Value Equity Portfolio (formerly, EQ/Mercury Basic Value Equity Portfolio)
EQ/BlackRock International Value Portfolio (formerly, EQ/Mercury International Value Portfolio)
EQ/▇▇▇▇▇▇▇ Socially Responsible Portfolio
EQ/Capital Guardian Growth Portfolio
EQ/Capital Guardian Research Portfolio
EQ/Common Stock Index Portfolio (formerly, EQ/AllianceBernstein Common Stock Portfolio)
EQ/Core Bond Index Portfolio (formerly, EQ/JPMorgan Core Bond Portfolio”)
EQ/▇▇▇▇▇ New York Venture Portfolio
EQ/Equity 500 Index Portfolio
EQ/Evergreen Omega Portfolio
EQ/Global Multi-Sector Equity Portfolio (formerly, EQ/▇▇▇ ▇▇▇▇▇▇ Emerging Markets Equity Portfolio)
EQ/Intermediate Government Bond Index Portfolio (formerly, EQ/AllianceBernstein Intermediate Government Securities Portfolio)
EQ/International ETF Portfolio
EQ/JPMorgan Value Opportunities Portfolio
EQ/Large Cap Growth Index Portfolio (formerly, EQ/AllianceBernstein Large Cap Growth Portfolio)
EQ/Large Cap Value Index Portfolio (formerly, EQ/▇▇▇▇ ▇▇▇▇▇ Value Equity Portfolio)
EQ/Large Cap Value PLUS Portfolio (formerly, EQ/AllianceBernstein Value Portfolio)
EQ/Lord ▇▇▇▇▇▇ Growth and Income Portfolio
EQ/Lord ▇▇▇▇▇▇ Large Cap Core Portfolio
EQ/Lord ▇▇▇▇▇▇ Mid Cap Value Portfolio
EQ/Mid Cap Index Portfolio (formerly, EQ/FI Mid Cap Portfolio)
EQ/Money Market Portfolio
EQ/▇▇▇▇▇▇▇▇▇▇▇ Global Portfolio
EQ/▇▇▇▇▇▇▇▇▇▇▇ Main Street Opportunity Portfolio
EQ/▇▇▇▇▇▇▇▇▇▇▇ Main Street Small Cap Portfolio
EQ/Small Company Index Portfolio
EQ/▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Portfolio
EQ/▇▇▇ ▇▇▇▇▇▇ Mid Cap Growth Portfolio
EQ/▇▇▇ ▇▇▇▇▇▇ Real Estate Portfolio
AXA Tactical Manager 500 Portfolio-I
AXA Tactical Manager 500 Portfolio-II
AXA Tactical Manager 500 Portfolio-III
AXA Tactical Manager 2000 Portfolio-I
AXA Tactical Manager 2000 Portfolio-II
AXA Tactical Manager 2000 Portfolio-III
AXA Tactical Manager 400 Portfolio-I
AXA Tactical Manager 400 Portfolio-II
AXA Tactical Manager 400 Portfolio-III
AXA Tactical Manager International Portfolio-I
AXA Tactical Manager International Portfolio-II
AXA Tactical Manager International Portfolio-III
APPENDIX B
AMENDMENT NO. 15
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) |
|||
| Index Portfolios |
|||
| EQ/Common Stock Index (formerly, AllianceBernstein Common Stock) |
0.350 | % | |
| EQ/Core Bond Index (formerly, EQ/JPMorgan Core Bond) |
0.350 | % | |
| EQ/Equity 500 Index |
0.250 | % | |
| EQ/Intermediate Government Bond Index (formerly, EQ/AllianceBernstein Intermediate Government Securities) |
0.350 | % | |
| EQ/Large Cap Growth Index (formerly, EQ/AllianceBernstein Large Cap Growth) |
0.350 | % | |
| EQ/Large Cap Value Index (formerly, EQ/▇▇▇▇ ▇▇▇▇▇ Value Equity) |
0.350 | % | |
| EQ/Mid Cap Index (formerly, EQ/FI Mid Cap) |
0.350 | % | |
| 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/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/AXA Franklin Income Core (formerly, EQ/Franklin Income) |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | |||||
| EQ/AXA Franklin Small Cap Value Core (formerly, EQ/Franklin Small Cap Value |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | |||||
| EQ/AXA Mutual Shares Core (formerly, EQ/Mutual Shares) |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | |||||
| EQ/AXA ▇▇▇▇▇▇▇▇▇ Growth Core (formerly, EQ/▇▇▇▇▇▇▇▇▇ Growth) |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | |||||
| EQ/AllianceBernstein International |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | |||||
| EQ/AllianceBernstein Small Cap Growth |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | |||||
| EQ/Ariel Appreciation II |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | |||||
| EQ/AXA ▇▇▇▇▇▇▇▇▇ Value Long/Short Equity |
1.400 | % | 1.350 | % | 1.325 | % | 1.300 | % | 1.275 | % | |||||
| EQ/BlackRock Basic Value Equity (formerly, EQ/Mercury Basic Value Equity) |
0.600 | % | 0.550 | % | 0.525 | % | 0.500 | % | 0.475 | % | |||||
| (as a percentage of average daily net assets) |
|||||||||||||||
| Equity Portfolios |
First $1 Billion |
Next $1 Billion |
Next $3 Billion |
Next $5 Billion |
Thereafter | ||||||||||
| EQ/BlackRock International Value (formerly, EQ/Mercury International Value) |
0.850 | % | 0.800 | % | 0.775 | % | 0.750 | % | 0.725 | % | |||||
| EQ/▇▇▇▇▇▇▇ Socially Responsible |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | |||||
| EQ/Capital Guardian Growth |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | |||||
| EQ/Capital Guardian Research |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | |||||
| EQ/▇▇▇▇▇ New York Venture |
0.850 | % | 0.800 | % | 0.775 | % | 0.750 | % | 0.725 | % | |||||
| EQ/Evergreen Omega |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | |||||
| EQ/Global Multi-Sector Equity (formerly, EQ/▇▇▇ ▇▇▇▇▇▇ Emerging Markets Equity) |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | |||||
| EQ/International ETF |
0.400 | % | 0.400 | % | 0.400 | % | 0.400 | % | 0.400 | % | |||||
| EQ/JPMorgan Value Opportunities |
0.600 | % | 0.550 | % | 0.525 | % | 0.500 | % | 0.475 | % | |||||
| EQ/Lord ▇▇▇▇▇▇ Growth and Income |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | |||||
| EQ/Lord ▇▇▇▇▇▇ Mid Cap Value |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | |||||
| EQ/Lord ▇▇▇▇▇▇ Large Cap Core |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | |||||
| EQ/▇▇▇▇▇▇▇▇▇▇▇ Global |
0.950 | % | 0.900 | % | 0.875 | % | 0.850 | % | 0.825 | % | |||||
| ▇▇/▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ |
▇.▇▇▇ | % | 0.800 | % | 0.775 | % | 0.750 | % | 0.725 | % | |||||
| ▇▇/▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇ |
0.900 | % | 0.850 | % | 0.825 | % | 0.800 | % | 0.775 | % | |||||
| EQ/▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | |||||
| EQ/▇▇▇ ▇▇▇▇▇▇ Mid Cap Growth |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | |||||
| EQ/▇▇▇ ▇▇▇▇▇▇ Real Estate |
0.900 | % | 0.850 | % | 0.825 | % | 0.800 | % | 0.775 | % | |||||
| (as a percentage of average daily net assets) |
|||||||||||||||
| PLUS Portfolios |
First $2 Billion |
Next $1 Billion |
Next $3 Billion |
Next $5 Billion |
Thereafter | ||||||||||
| EQ/Focus PLUS (formerly, EQ/▇▇▇▇▇▇▇ Focus) |
0.500 | % | 0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | |||||
| EQ/International Core PLUS (formerly, MarketPLUS International Core) |
0.600 | % | 0.550 | % | 0.525 | % | 0.500 | % | 0.475 | % | |||||
| EQ/Mid Cap Value PLUS (formerly, MarketPLUS Mid Cap Value) |
0.550 | % | 0.500 | % | 0.475 | % | 0.450 | % | 0.425 | % | |||||
| EQ/Large Cap Growth PLUS (formerly, MarketPLUS Large Cap Growth) |
0.500 | % | 0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | |||||
| EQ/Large Cap Core PLUS (formerly, MarketPLUS Large Cap Core) |
0.500 | % | 0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | |||||
| EQ/Large Cap Value PLUS (formerly, EQ/AllianceBernstein Value) |
0.500 | % | 0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | |||||
| PLUS Portfolio |
First $4 Billion |
Next $4 Billion |
Thereafter | ||||||
| EQ/Global Bond PLUS (formerly, EQ/Evergreen International Bond) | 0.40 | % | 0.38 | % | 0.36 | % | |||
| EQ/Quality Bond PLUS (formerly, EQ/AllianceBernstein Quality Bond) |
0.40 | % | 0.38 | % | 0.36 | % |
| (as a percentage of average daily net assets) |
|||
| Tactical Portfolios |
|||
| AXA Tactical Manager 500 Portfolio-I |
0.450 | % | |
| AXA Tactical Manager 500 Portfolio-II |
0.450 | % | |
| AXA Tactical Manager 500 Portfolio-III |
0.450 | % | |
| AXA Tactical Manager 2000 Portfolio-I |
0.450 | % | |
| AXA Tactical Manager 2000 Portfolio-II |
0.450 | % | |
| AXA Tactical Manager 2000 Portfolio-III |
0.450 | % | |
| AXA Tactical Manager 400 Portfolio-I |
0.450 | % | |
| AXA Tactical Manager 400 Portfolio-II |
0.450 | % | |
| AXA Tactical Manager 400 Portfolio-III |
0.450 | % | |
| AXA Tactical Manager International Portfolio-I |
0.450 | % | |
| AXA Tactical Manager International Portfolio-II |
0.450 | % | |
| AXA Tactical Manager International Portfolio-III |
0.450 | % | |