AMENDMENT NO. 20 TO AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
AMENDMENT NO. 20
TO AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
AMENDMENT NO. 20 to the Amended and Restated Expense Limitation Agreement, dated as of November 1, 2012, by and between MetLife Advisers, LLC (the “Manager”) and Met Investors Series Trust (the “Trust”).
The Manager and the Trust hereby agree to modify and amend the Amended and Restated Expense Limitation Agreement effective as of October 9, 2001 (the “Agreement”) between Met Investors Advisory Corp. (now known as MetLife Advisers, LLC) and the Trust, as amended on May 1, 2002, May 1, 2003, April 30, 2004, November 3, 2004, May 1, 2005, September 30, 2005, November 1, 2005, December 16, 2005, May 1, 2006, November 1, 2006, May 1, 2007, November 1, 2007, April 28, 2008, May 1, 2009, April 30, 2010, May 1, 2011, October 1, 2011 and April 30, 2012.
1. New Portfolio. The Manager and the Trust have determined to add the following portfolio (the “New Portfolio”) to the Agreement on the terms and conditions contained in the Agreement, and at the level of the expense limitation applicable to the New Portfolio as set forth in the attached schedule:
MetLife Multi-Index Targeted Risk Portfolio
2. Schedule A. Schedule A to the Agreement, as amended, which sets forth the Portfolios of the Trust, is hereby replaced in its entirety by Amendment No. 20 to Schedule A attached hereto.
3. Term and Termination of Agreement. The Term and Termination provisions of this Agreement are amended as follows:
This Agreement shall continue in effect until April 30, 2013 with respect to the existing Portfolios set forth in Amendment No. 20 to Schedule A and with respect to the New Portfolio until November 30, 2013. The Agreement shall thereafter continue in effect with respect to the New Portfolio and each existing Portfolio from year to year provided such continuance is specifically approved by a majority of the Trustees of the Trust who (i) are not “interested persons” of the Trust or any other party to this Agreement, as defined in the 1940 Act, and (ii) have no direct or indirect financial interest in the operation of this Agreement (the “Independent Trustees”). Nevertheless, this Agreement may be terminated by either party hereto, without payment of any penalty, upon ninety (90) days’ prior written notice to the other party at its principal place of business; provided that, in case of termination by the Trust, such action shall be authorized by resolution of a majority of the Independent Trustees of the Trust or by a vote of a majority of the outstanding voting securities of the Trust.
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. 20 as of the date first above set forth.
| MET INVESTORS SERIES TRUST | METLIFE ADVISERS, LLC | |||||||
| ON BEHALF OF EACH OF | ||||||||
| ITS PORTFOLIOS | ||||||||
| By: | /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇. | By: | /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||||
| Vice President | Senior Vice President | |||||||
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AMENDMENT NO. 20
SCHEDULE A
MAXIMUM ANNUAL OPERATING EXPENSE LIMITS
This Agreement relates to the following Portfolios of the Trust:
| Name of Portfolio |
Maximum Annual Operating Expense Limit |
|||
| AllianceBernstein Global Dynamic Allocation Portfolio |
0.95 | % | ||
| American Funds Global Small Capitalization Portfolio |
0.10 | % | ||
| American Funds Growth-Income Portfolio |
0.10 | % | ||
| AQR Global Risk Balanced Portfolio |
0.85 | % | ||
| BlackRock Global Tactical Strategies Portfolio |
0.90 | % | ||
| Invesco Balanced-Risk Allocation Portfolio |
0.85 | % | ||
| JPMorgan Global Active Allocation Portfolio |
1.00 | % | ||
| Met/Franklin Low Duration Total Return Portfolio |
0.75 | % | ||
| Met/Franklin ▇▇▇▇▇▇▇▇▇ Founding Strategy Portfolio |
0.05 | % | ||
| Met/▇▇▇▇▇▇▇▇▇ Growth Portfolio |
0.80 | % | ||
| MetLife Aggressive Strategy Portfolio |
0.10 | % | ||
| MetLife Balanced Plus Portfolio |
0.40 | % | ||
| MetLife Multi-Index Targeted Risk Portfolio |
0.35 | % | ||
|
Pyramis® Government Income Portfolio |
0.80 | % | ||
| Schroders Global Multi-Asset Portfolio |
0.85 | % | ||
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