FORM OF AMENDMENT NO. 4 TO THE AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT
Exhibit (d)(1)(iv)
FORM OF AMENDMENT NO. 4
TO THE
AMENDED AND RESTATED
FORM OF AMENDMENT NO. 4 dated as of [ , 2021 (“Amendment No. 4”), to the Amended and Restated Investment Advisory Agreement dated July 16, 2020 (“Agreement”) between EQ Advisors Trust, a Delaware statutory trust (the “Trust”) and Equitable Investment Management Group, LLC, a limited liability company organized in the State of Delaware (“EIM” or “Adviser”).
WHEREAS, the Trust and EIM desire to add a newly-authorized Portfolio to the Agreement; and
WHEREAS, the Trust and EIM desire to update the Agreement to remove references to the 1290 VT Energy Portfolio, EQ/Franklin Balanced Managed Volatility Portfolio and EQ/Global Bond PLUS Portfolio;
| 1. | New Portfolio. Effective [ , 2021] the EQ/Long-Term Bond Portfolio is hereby added to the Agreement on the terms and conditions contained in the Agreement. |
| 2. | Duration of Agreement for the New Portfolio. |
| a. | With respect to the New Portfolio, the Agreement will continue in effect for two years after the applicable date specified in section 1 above and may be continued thereafter pursuant to subsection (b) below. |
| b. | With respect to the New Portfolio, the Agreement shall continue in effect annually after the applicable date specified in section 1 above 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 New Portfolios. The required shareholder approval of the Agreement or of any continuance of the Agreement shall be effective with respect to the New Portfolio if a majority of the outstanding voting securities of the series (as defined in Rule 18f-2(h) under the ▇▇▇▇ ▇▇▇) 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. |
| 3. | Appendix A. Appendix A to the Agreement, which sets forth the Portfolios of the Trust for which EIM is appointed investment adviser, is hereby replaced in its entirety by Appendix A attached hereto. |
| 4. | Appendix B. Appendix B to the Agreement, which sets forth the fees payable to EIM with respect to each Portfolio, is hereby replaced in its entirety by Appendix B attached hereto. |
1
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. 4 as of the date first above set forth.
| EQ ADVISORS TRUST | EQUITABLE INVESTMENT MANAGEMENT GROUP, LLC | |||||
| By: |
|
By: |
| |||
| ▇▇▇▇▇ ▇▇▇▇▇ | ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ | |||||
| Chief Financial Officer and | Director, Executive Vice President and Chief | |||||
| Treasurer | Investment Officer | |||||
2
APPENDIX A
AMENDMENT NO. 4
AMENDED AND RESTATED
Portfolios
3
4
APPENDIX B
AMENDMENT NO. 4
AMENDED AND RESTATED
The Trust shall pay the Adviser, 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 |
First $2 Billion |
Next $4 Billion |
Thereafter | |||||||||
| 1290 VT Convertible Securities |
0.500 | % | 0.450 | % | 0.425 | % | ||||||
| 1290 VT Natural Resources |
0.500 | % | 0.450 | % | 0.425 | % | ||||||
| 1290 VT Real Estate |
0.500 | % | 0.450 | % | 0.425 | % | ||||||
| 1290 VT Socially Responsible |
0.500 | % | 0.450 | % | 0.425 | % | ||||||
| EQ/Common Stock Index |
0.350 | % | 0.300 | % | 0.275 | % | ||||||
| EQ/Core Bond Index |
0.350 | % | 0.300 | % | 0.275 | % | ||||||
| EQ/Equity 500 Index |
0.250 | % | 0.200 | % | 0.175 | % | ||||||
| EQ/Intermediate Government Bond |
0.350 | % | 0.300 | % | 0.275 | % | ||||||
| EQ/International Equity Index |
0.400 | % | 0.350 | % | 0.325 | % | ||||||
| EQ/Large Cap Growth Index |
0.350 | % | 0.300 | % | 0.275 | % | ||||||
| EQ/Large Cap Value Index |
0.350 | % | 0.300 | % | 0.275 | % | ||||||
| EQ/Long-Term Bond |
0.350 | % | 0.300 | % | 0.275 | % | ||||||
| EQ/Mid Cap Index |
0.350 | % | 0.300 | % | 0.275 | % | ||||||
| EQ/Small Company Index |
0.250 | % | 0.200 | % | 0.175 | % | ||||||
| (as a percentage of average daily net assets) |
||||||||||||
| ETF Portfolios |
First $2 Billion |
Next $4 Billion |
Thereafter | |||||||||
| 1290 VT Low Volatility Global Equity |
0.500 | % | 0.450 | % | 0.425 | % | ||||||
| 1290 VT Multi-Alternative Strategies |
0.500 | % | 0.450 | % | 0.425 | % | ||||||
| (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 $750 Million |
Next $750 Million |
Next $1 Billion |
Next $2.5 Billion |
Thereafter | |||||||||||||||
| 1290 VT Equity Income |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | ||||||||||
| 1290 VT GAMCO Mergers & Acquisitions |
0.900 | % | 0.850 | % | 0.825 | % | 0.800 | % | 0.775 | % | ||||||||||
| 1290 VT GAMCO Small Company Value |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | ||||||||||
| 1290 VT SmartBeta Equity |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | ||||||||||
| EQ/American Century Mid Cap Value |
0.900 | % | 0.850 | % | 0.825 | % | 0.800 | % | 0.775 | % | ||||||||||
| EQ/Capital Group Research |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | ||||||||||
| EQ/ClearBridge Large Cap Growth |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | ||||||||||
| (as a percentage of average daily net assets) |
||||||||||||||||||||
| Equity Portfolios |
First $750 Million |
Next $750 Million |
Next $1 Billion |
Next $2.5 Billion |
Thereafter | |||||||||||||||
| EQ/Fidelity Institutional AM® Large Cap |
0.540 | % | 0.500 | % | 0.475 | % | 0.450 | % | 0.425 | % | ||||||||||
| EQ/Franklin Rising Dividends |
0.600 | % | 0.550 | % | 0.510 | % | 0.490 | % | 0.475 | % | ||||||||||
| EQ/▇▇▇▇▇▇▇ ▇▇▇▇▇ Mid Cap Value |
0.770 | % | 0.750 | % | 0.725 | % | 0.680 | % | 0.670 | % | ||||||||||
| EQ/Invesco ▇▇▇▇▇▇▇▇ |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | ||||||||||
| EQ/Invesco Global Real Assets |
0.735 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | ||||||||||
| EQ/Invesco International Growth |
0.710 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | ||||||||||
| EQ/Janus Enterprise |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | ||||||||||
| EQ/JPMorgan Value Opportunities |
0.600 | % | 0.550 | % | 0.525 | % | 0.500 | % | 0.475 | % | ||||||||||
| EQ/Invesco Global |
0.850 | % | 0.800 | % | 0.775 | % | 0.750 | % | 0.725 | % | ||||||||||
| EQ/Lazard Emerging Markets Equity |
1.000 | % | 0.950 | % | 0.925 | % | 0.900 | % | 0.875 | % | ||||||||||
| EQ/▇▇▇▇▇▇ ▇▇▇▇▇▇ Growth Portfolio |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | ||||||||||
| EQ/MFS International Growth |
0.850 | % | 0.800 | % | 0.775 | % | 0.750 | % | 0.725 | % | ||||||||||
| EQ/MFS International Intrinsic Value |
0.860 | % | 0.820 | % | 0.700 | % | 0.700 | % | 0.700 | % | ||||||||||
| EQ/MFS Mid Cap Focused Growth |
0.850 | % | 0.800 | % | 0.775 | % | 0.750 | % | 0.725 | % | ||||||||||
| EQ/MFS Technology |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | ||||||||||
| EQ/MFS Utilities Series |
0.730 | % | 0.700 | % | 0.670 | % | 0.650 | % | 0.625 | % | ||||||||||
| EQ/▇. ▇▇▇▇ Price Growth Stock |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | ||||||||||
| EQ/▇. ▇▇▇▇ Price Health Sciences |
0.950 | % | 0.900 | % | 0.875 | % | 0.850 | % | 0.825 | % | ||||||||||
| EQ/Value Equity |
0.560 | % | 0.540 | % | 0.520 | % | 0.500 | % | 0.475 | % | ||||||||||
| EQ/Wellington Energy |
0.850 | % | 0.800 | % | 0.775 | % | 0.750 | % | 0.725 | % | ||||||||||
| (as a percentage of average daily net assets) |
||||||||||||||||||||
| Allocation Portfolios |
First $750 Million |
Next $750 Million |
Next $1 Billion |
Next $2.5 Billion |
Thereafter | |||||||||||||||
| 1290 VT DoubleLine Dynamic Allocation |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | ||||||||||
| 1290 VT Moderate Growth Allocation |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | ||||||||||
| EQ/AB Dynamic Aggressive Growth |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | ||||||||||
| EQ/AB Dynamic Growth |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | ||||||||||
| EQ/AB Dynamic Moderate Growth |
0.750 | % | 0.700 | % | 0.675 | % | 0.650 | % | 0.625 | % | ||||||||||
| EQ/American Century Moderate Growth Allocation |
0.800 | % | 0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % | ||||||||||
| EQ/AXA Investment Managers Moderate Allocation |
0.800 | % | 0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % | ||||||||||
| EQ/First Trust Moderate Growth Allocation |
0.800 | % | 0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % | ||||||||||
| EQ/Franklin Growth Allocation |
0.800 | % | 0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % | ||||||||||
| EQ/Franklin Moderate Allocation |
0.800 | % | 0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % | ||||||||||
| EQ/▇▇▇▇▇▇▇ ▇▇▇▇▇ Growth Allocation |
0.800 | % | 0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % | ||||||||||
| EQ/▇▇▇▇▇▇▇ Sachs Moderate Growth Allocation |
0.800 | % | 0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % | ||||||||||
| EQ/Invesco Moderate Allocation |
0.800 | % | 0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % | ||||||||||
| EQ/Invesco Moderate Growth Allocation |
0.800 | % | 0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % | ||||||||||
| EQ/JPMorgan Growth Allocation |
0.800 | % | 0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % | ||||||||||
| (as a percentage of average daily net assets) |
||||||||||||||||||||
| Pactive Equity Portfolios |
First $750 Million |
Next $750 Million |
Next $1 Billion |
Next $2.5 Billion |
Thereafter | |||||||||||||||
| 1290 VT Micro Cap |
0.850 | % | 0.800 | % | 0.775 | % | 0.750 | % | 0.725 | % | ||||||||||
| 1290 VT Small Cap Value |
0.800 | % | 0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % | ||||||||||
| EQ/AB Small Cap Growth |
0.550 | % | 0.500 | % | 0.475 | % | 0.450 | % | 0.425 | % | ||||||||||
| EQ/Emerging Markets Equity PLUS |
0.700 | % | 0.650 | % | 0.625 | % | 0.600 | % | 0.575 | % | ||||||||||
| EQ/▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Small Cap Growth |
0.800 | % | 0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % | ||||||||||
| Multimanager Aggressive Equity |
0.580 | % | 0.550 | % | 0.525 | % | 0.500 | % | 0.475 | % | ||||||||||
| Multimanager Technology |
0.950 | % | 0.900 | % | 0.875 | % | 0.850 | % | 0.825 | % | ||||||||||
| (as a percentage of average daily net assets) |
||||||||||||||||||||
| Pactive Volatility Managed Equity Portfolios |
First $750 Million |
Next $750 Million |
Next $1 Billion |
Next $2.5 Billion |
Thereafter | |||||||||||||||
| EQ/ClearBridge Select Equity Managed Volatility |
0.700 | % | 0.665 | % | 0.635 | % | 0.610 | % | 0.560 | % | ||||||||||
| EQ/Franklin Small Cap Value Managed Volatility |
0.700 | % | 0.665 | % | 0.635 | % | 0.610 | % | 0.560 | % | ||||||||||
| EQ/Global Equity Managed Volatility |
0.740 | % | 0.720 | % | 0.690 | % | 0.665 | % | 0.615 | % | ||||||||||
| EQ/International Core Managed Volatility |
0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | 0.475 | % | ||||||||||
| EQ/International Value Managed Volatility |
0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | 0.475 | % | ||||||||||
| EQ/Large Cap Core Managed Volatility |
0.500 | % | 0.475 | % | 0.450 | % | 0.425 | % | 0.375 | % | ||||||||||
| EQ/Large Cap Growth Managed Volatility |
0.500 | % | 0.475 | % | 0.450 | % | 0.425 | % | 0.375 | % | ||||||||||
| EQ/Large Cap Value Managed Volatility |
0.500 | % | 0.475 | % | 0.450 | % | 0.425 | % | 0.375 | % | ||||||||||
| EQ/Mid Cap Value Managed Volatility |
0.550 | % | 0.525 | % | 0.500 | % | 0.475 | % | 0.425 | % | ||||||||||
| (as a percentage of average daily net assets) |
||||||||||||||||||||
| Pactive Fixed Income Portfolios |
First $750 Million |
Next $750 Million |
Next $1 Billion |
Next $2.5 Billion |
Thereafter | |||||||||||||||
| 1290 VT High Yield |
0.600 | % | 0.580 | % | 0.560 | % | 0.540 | % | 0.530 | % | ||||||||||
| EQ/Quality Bond PLUS |
0.400 | % | 0.380 | % | 0.360 | % | 0.340 | % | 0.330 | % | ||||||||||
| Multimanager Core Bond |
0.550 | % | 0.530 | % | 0.510 | % | 0.490 | % | 0.480 | % | ||||||||||
| (as a percentage of average daily net assets) |
||||||||||||||||||||
| Fixed Income Portfolios |
First $750 Million |
Next $750 Million |
Next $1 Billion |
Next $2.5 Billion |
Thereafter | |||||||||||||||
| 1290 VT DoubleLine Opportunistic Bond |
0.600 | % | 0.575 | % | 0.550 | % | 0.530 | % | 0.520 | % | ||||||||||
| EQ/AB Short Duration Government Bond |
0.450 | % | 0.430 | % | 0.410 | % | 0.390 | % | 0.380 | % | ||||||||||
| EQ/Franklin Strategic Income |
0.590 | % | 0.490 | % | 0.440 | % | 0.430 | % | 0.370 | % | ||||||||||
| EQ/PIMCO Global Real Return |
0.600 | % | 0.575 | % | 0.550 | % | 0.530 | % | 0.520 | % | ||||||||||
| EQ/PIMCO Real Return |
0.500 | % | 0.475 | % | 0.450 | % | 0.430 | % | 0.420 | % | ||||||||||
| EQ/PIMCO Total Return |
0.500 | % | 0.475 | % | 0.450 | % | 0.430 | % | 0.420 | % | ||||||||||
| EQ/PIMCO Ultra Short Bond |
0.500 | % | 0.475 | % | 0.450 | % | 0.430 | % | 0.420 | % | ||||||||||
| (as a percentage of average daily net assets) |
||||||||||||||||||||
| First $2 Billion |
Next $2 Billion |
Next $2 Billion |
Next $3 Billion |
Thereafter | ||||||||||||||||
| ATM Portfolios |
||||||||||||||||||||
| ATM International Managed Volatility |
0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | 0.350 | % | ||||||||||
| ATM Large Cap Managed Volatility |
0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | 0.350 | % | ||||||||||
| ATM Mid Cap Managed Volatility |
0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | 0.350 | % | ||||||||||
| ATM Small Cap Managed Volatility |
0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | 0.350 | % | ||||||||||
| EQ/2000 Managed Volatility |
0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | 0.350 | % | ||||||||||
| EQ/400 Managed Volatility |
0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | 0.350 | % | ||||||||||
| EQ/500 Managed Volatility |
0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | 0.350 | % | ||||||||||
| EQ/International Managed Volatility |
0.450 | % | 0.425 | % | 0.400 | % | 0.375 | % | 0.350 | % | ||||||||||
| (as a percentage of average daily net assets) |
||||||||||||||||||||
| Strategic Allocation Portfolios |
First $2 Billion |
Next $2 Billion |
Next $2 Billion |
Next $3 Billion |
Thereafter | |||||||||||||||
| EQ/Aggressive Growth Strategy |
0.1000 | % | 0.0925 | % | 0.0900 | % | 0.0875 | % | 0.0850 | % | ||||||||||
| EQ/Balanced Strategy |
0.1000 | % | 0.0925 | % | 0.0900 | % | 0.0875 | % | 0.0850 | % | ||||||||||
| EQ/Conservative Growth Strategy |
0.1000 | % | 0.0925 | % | 0.0900 | % | 0.0875 | % | 0.0850 | % | ||||||||||
| EQ/Conservative Strategy |
0.1000 | % | 0.0925 | % | 0.0900 | % | 0.0875 | % | 0.0850 | % | ||||||||||
| EQ/Growth Strategy |
0.1000 | % | 0.0925 | % | 0.0900 | % | 0.0875 | % | 0.0850 | % | ||||||||||
| EQ/Moderate Growth Strategy |
0.1000 | % | 0.0925 | % | 0.0900 | % | 0.0875 | % | 0.0850 | % | ||||||||||
| EQ/Ultra Conservative Strategy |
0.1000 | % | 0.0925 | % | 0.0900 | % | 0.0875 | % | 0.0850 | % | ||||||||||
| (as a percentage of average daily net assets) |
||||
| EQ/All Asset Growth Allocation |
0.100 | % | ||