EX-99.(D)1(I)(A)(X) 2 d633602dex99d1iax.htm REVISED AMENDMENT NO. 9 EFFECTIVE AS OF APRIL 4, 2014 Revised Amendment No. 9 effective as of April 4, 2014

Exhibit (d)(1)(i)(A)(x)

AMENDMENT NO. 9

TO THE

INVESTMENT MANAGEMENT AGREEMENT

AMENDMENT NO. 9 to the Investment Management Agreement (“Amendment No. 9”), effective as of April 4, 2014 between EQ Advisors Trust, a Delaware statutory trust (the “Trust”) and AXA Equitable Funds Management Group, LLC, a limited liability company 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. Effective April 11, 2014, the Trust hereby appoints FMG LLC as the investment manager of the following new Portfolios:

AXA/Horizon Small Cap Value Portfolio

AXA/Lord Abbett Micro Cap Portfolio

AXA/Morgan Stanley Small Cap Growth Portfolio

AXA/Pacific Global Small Cap Value 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. 9 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 1940 Act) 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. Name Changes: Effective May 1, 2014, the following Portfolio’s names shall be changed as follows:

 

Current Name

   

New Name

EQ/Large Cap Value PLUS    AXA Large Cap Value Managed Volatility
EQ/Large Cap Core PLUS    AXA Large Cap Core Managed Volatility
EQ/Large Cap Growth PLUS    AXA Large Cap Growth Managed Volatility
EQ/International Core PLUS    AXA International Core Managed Volatility
EQ/Global Multi-Sector Equity    AXA Global Equity Managed Volatility
EQ/Mid Cap Value PLUS    AXA Mid Cap Value Managed Volatility
EQ/International Value PLUS    AXA International Value Managed Volatility
EQ/Mutual Large Cap Equity    AXA/Mutual Large Cap Equity Managed Volatility
EQ/Templeton Global Equity    AXA/Templeton Global Equity Managed Volatility
EQ/AXA Franklin Small Cap Value Core    AXA/Franklin Small Cap Value Managed Volatility
EQ/Franklin Core Balanced    AXA/Franklin Balanced Managed Volatility
AXA Tactical Manager 500    AXA 500 Managed Volatility
AXA Tactical Manager 400    AXA 400 Managed Volatility
AXA Tactical Manager 2000    AXA 2000 Managed Volatility
AXA Tactical Manager International    AXA International Managed Volatility
ATM Large Cap    ATM Large Cap Managed Volatility
ATM Mid Cap    ATM Mid Cap Managed Volatility
ATM Small Cap    ATM Small Cap Managed Volatility
ATM International    ATM International Managed Volatility

 

  4. Appendix A: Appendix A to the Agreement, which sets forth the Portfolios of the Trust for which FMG LLC 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 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. 9 as of the date first above set forth.

 

EQ ADVISORS TRUST      AXA EQUITABLE FUNDS MANAGEMENT GROUP, LLC
By:  

/s/ Brian Walsh

      By:  

/s/ Steven M. Joenk

  Brian Walsh        Steven M. Joenk
  Chief Financial Officer and Treasurer        Chairman, Chief Executive Officer and President

APPENDIX A

AMENDMENT NO. 9 TO

INVESTMENT MANAGEMENT AGREEMENT

Portfolios

 

ATM International Managed Volatility

ATM Large Cap Managed Volatility Portfolio

ATM Mid Cap Managed Volatility Portfolio

ATM Small Cap Managed Volatility Portfolio

AXA 2000 Managed Volatility Portfolio

AXA 400 Managed Volatility Portfolio

AXA 500 Managed Volatility Portfolio

AXA International Managed Volatility Portfolio

AXA Global Equity Managed Volatility Portfolio

AXA International Core Managed Volatility Portfolio

AXA International Value Managed Volatility Portfolio

AXA Large Cap Core Managed Volatility Portfolio

AXA Large Cap Growth Managed Volatility Portfolio

AXA Large Cap Value Managed Volatility Portfolio

AXA Mid Cap Value Managed Volatility Portfolio

AXA SmartBeta™ Equity Portfolio

AXA/Franklin Balanced Managed Volatility Portfolio

AXA/Franklin Small Cap Value Managed Volatility Portfolio

AXA/Horizon Small Cap Value Portfolio

AXA/Lord Abbett Micro Cap Portfolio

AXA/Morgan Stanley Small Cap Growth Portfolio

AXA/Mutual Large Cap Equity Managed Volatility Portfolio

AXA/Pacific Global Small Cap Value Portfolio

AXA/Templeton Global Equity Managed Volatility Portfolio

EQ/AllianceBernstein Dynamic Wealth Strategies Portfolio

EQ/AllianceBernstein Short Duration Government Bond Portfolio

EQ/AllianceBernstein Short-Term Bond Portfolio

EQ/AllianceBernstein Small Cap Growth Portfolio

EQ/BlackRock Basic Value Equity Portfolio

EQ/Calvert Socially Responsible Portfolio

EQ/Capital Guardian Research Portfolio

EQ/Common Stock Index Portfolio

EQ/Convertible Securities Portfolio

EQ/Core Bond Index Portfolio

EQ/Davis New York Venture Portfolio

EQ/Emerging Markets Equity PLUS Portfolio

EQ/Energy ETF Portfolio

EQ/Equity 500 Index Portfolio

EQ/Equity Growth PLUS Portfolio

EQ/Global Bond PLUS Portfolio

EQ/High Yield Bond Portfolio

EQ/Intermediate Government Bond Portfolio

EQ/International Equity Index Portfolio

EQ/International ETF Portfolio

EQ/Invesco Comstock Portfolio

EQ/JPMorgan Value Opportunities Portfolio

EQ/Large Cap Growth Index Portfolio

EQ/Large Cap Value Index Portfolio

EQ/Lord Abbett Large Cap Core Portfolio

EQ/Low Volatility Global ETF Portfolio

EQ/Mid Cap Index Portfolio

EQ/Money Market Portfolio

EQ/Morgan Stanley Mid Cap Growth Portfolio

EQ/Natural Resources PLUS Portfolio

EQ/Oppenheimer Global Portfolio

EQ/PIMCO Global Real Return Portfolio

EQ/Quality Bond PLUS Portfolio

EQ/Real Estate PLUS Portfolio

EQ/Small Company Index Portfolio

EQ/Wells Fargo Omega Growth Portfolio

 

APPENDIX B

AMENDMENT NO. 9 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:

(as a percentage of average daily net assets)

 

Index Portfolios

    First
$4 Billion		     Next
$4 Billion		     Next
$2 Billion		     Thereafter  

EQ/Calvert 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 Portfolio

    First
$4 Billion		     Next
$4 Billion		     Next
$2 Billion		     Thereafter  

EQ/International ETF

      0.400 %      0.390 %      0.380 %      0.370 % 

EQ/Energy ETF

      0.500 %      0.490 %      0.480 %      0.470 % 

EQ/Low Volatility Global ETF

      0.500 %      0.490 %      0.480 %      0.470 % 

(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  

AXA SmartBeta™ Equity

      0.700 %      0.650 %      0.625 %      0.600 %      0.575 % 

EQ/AllianceBernstein Dynamic Wealth Strategies

      0.750 %      0.700 %      0.675 %      0.650 %      0.625 % 

AXA/Franklin Small Cap Value Managed Volatility

      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  

AXA Global Equity Managed Volatility

      0.750 %      0.700 %      0.675 %      0.650 %      0.625 % 

AXA/Franklin Balanced Managed Volatility

      0.650 %      0.600 %      0.575 %      0.550 %      0.525 % 

AXA/Mutual Large Cap Equity Managed Volatility

      0.700 %      0.650 %      0.625 %      0.600 %      0.575 % 

AXA/Templeton Global Equity Managed Volatility

      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/Davis New York Venture

      0.850 %      0.800 %      0.775 %      0.750 %      0.725 % 

EQ/Invesco Comstock

      0.650 %      0.600 %      0.575 %      0.550 %      0.525 % 

EQ/JPMorgan Value Opportunities

      0.600 %      0.550 %      0.525 %      0.500 %      0.475 % 

EQ/Lord Abbett Large Cap Core

      0.650 %      0.600 %      0.575 %      0.550 %      0.525 % 

EQ/Morgan Stanley Mid Cap Growth

      0.700 %      0.650 %      0.625 %      0.600 %      0.575 % 

EQ/Oppenheimer Global

      0.950 %      0.900 %      0.875 %      0.850 %      0.825 % 

EQ/Wells 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 % 

AXA/Horizon Small Cap Value

      0.800 %      0.750 %      0.725 %      0.700 %      0.675 % 

AXA/Lord Abbett Micro Cap

      0.850 %      0.800 %      0.775 %      0.750 %      0.725 % 

AXA/Morgan Stanley Small Cap Growth

      0.800 %      0.750 %      0.725 %      0.700 %      0.675 % 

AXA/Pacific Global Small Cap Value

      0.800 %      0.750 %      0.725 %      0.700 %      0.675 % 

(as a percentage of average daily net assets)

 

PLUS Portfolios

    First
$2 Billion		     Next
$1 Billion		     Next
$3 Billion		     Next
$5 Billion		     Thereafter  

AXA International Core Managed Volatility

      0.600 %      0.550 %      0.525 %      0.500 %      0.475 % 

AXA International Value Managed Volatility

      0.600 %      0.550 %      0.525 %      0.500 %      0.475 % 

AXA Large Cap Core Managed Volatility

      0.500 %      0.450 %      0.425 %      0.400 %      0.375 % 

AXA Large Cap Growth Managed Volatility

      0.500 %      0.450 %      0.425 %      0.400 %      0.375 % 

AXA Large Cap Value Managed Volatility

      0.500 %      0.450 %      0.425 %      0.400 %      0.375 % 

AXA Mid Cap Value Managed Volatility

      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/Equity Growth 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/Convertible Securities

      0.700 %      0.680 %      0.660 % 

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 Managed Volatility

      0.450 %      0.430 %      0.410 %      0.400 % 

ATM Large Cap Managed Volatility

      0.450 %      0.430 %      0.410 %      0.400 % 

ATM Mid Cap Managed Volatility

      0.450 %      0.430 %      0.410 %      0.400 % 

ATM Small Cap Managed Volatility

      0.450 %      0.430 %      0.410 %      0.400 % 

AXA 2000 Managed Volatility

      0.450 %      0.430 %      0.410 %      0.400 % 

AXA 400 Managed Volatility

      0.450 %      0.430 %      0.410 %      0.400 % 

AXA 500 Managed Volatility

      0.450 %      0.430 %      0.410 %      0.400 % 

AXA International Managed Volatility

      0.450 %      0.430 %      0.410 %      0.400 %