Exhibit (h)(5)(xiii)
AMENDMENT NO. 12
SECURITIES LENDING AGREEMENT
Amendment No. 12, dated April 30, 2026 (“Amendment No. 12”), to the Securities Lending Agreement dated as of April 11, 2016 (“Agreement”), by and between JPMorgan Chase Bank, National Association (“J.P. Morgan”) and each Equitable investment company identified in Annex A hereto (“Lender”).
WHEREAS, the EQ/AB Sustainable U.S. Thematic Portfolio, a series of the Trust, has been terminated pursuant to a Plan of Liquidation and Termination.
NOW THEREFORE, J.P. Morgan and Lender agree to modify and amend the Agreement as follows:
| 1. | Removed Portfolio. All references to the EQ/AB Sustainable U.S. Thematic Portfolio are hereby removed from the Agreement. |
| 2. | Annex A. Annex A to the Agreement is hereby deleted in its entirety and replaced by Annex A attached hereto. |
| 3. | Schedule 4. Schedule 4 to the Agreement, setting forth the Limitations on Securities Available for Loan, Lending Accounts and Markets, is hereby deleted in its entirety and replaced by Schedule 4 attached hereto. |
| 4. | Ratification. 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. 12 as of the date first above set forth.
| EQ Advisors Trust | JPMorgan Chase Bank, N.A. | |||||||
| 1290 Funds | ||||||||
| On behalf of each of their series listed on Annex A |
||||||||
| By: | /s/ Brian Walsh |
By: | /s/ Bradley Fryer | |||||
| Name: Brian Walsh | Name: Bradley Fryer | |||||||
| Title: Chief Financial Officer | Title: Executive Director | |||||||
| Date: 4/17/26 | Date: April 20, 2026 | |||||||
Securities Lending Agreement
ANNEX A
EQ Advisors Trust
1290 VT Convertible Securities Portfolio
1290 VT DoubleLine Opportunistic Bond Portfolio
1290 VT Equity Income Portfolio
1290 VT GAMCO Mergers & Acquisitions Portfolio
1290 VT GAMCO Small Company Value Portfolio
1290 VT High Yield Bond Portfolio
1290 VT Micro Cap Portfolio
1290 VT Moderate Growth Allocation Portfolio
1290 VT Multi-Alternative Strategies Portfolio
1290 VT Natural Resources Portfolio
1290 VT Real Estate Portfolio
1290 VT Small Cap Value Portfolio
1290 VT SmartBeta Equity ESG Portfolio
1290 VT Socially Responsible Portfolio
ATM International Managed Volatility Portfolio – AllianceBernstein
ATM International Managed Volatility Portfolio - BlackRock
ATM Large Cap Managed Volatility Portfolio – AllianceBernstein
ATM Large Cap Managed Volatility Portfolio - BlackRock
ATM Mid Cap Managed Volatility Portfolio – AllianceBernstein
ATM Mid Cap Managed Volatility Portfolio - BlackRock
ATM Small Cap Managed Volatility Portfolio – AllianceBernstein
ATM Small Cap Managed Volatility Portfolio - BlackRock
EQ/2000 Managed Volatility Portfolio – AllianceBernstein
EQ/2000 Managed Volatility Portfolio - BlackRock
EQ/400 Managed Volatility Portfolio – AllianceBernstein
EQ/400 Managed Volatility Portfolio - BlackRock
EQ/500 Managed Volatility Portfolio – AllianceBernstein
EQ/500 Managed Volatility Portfolio - BlackRock
EQ/AB Dynamic Aggressive Growth Portfolio
EQ/AB Dynamic Growth Portfolio
EQ/AB Dynamic Moderate Growth Portfolio
EQ/AB Short Duration Government Bond Portfolio
EQ/AB Small Cap Growth Portfolio – Active
EQ/AB Small Cap Growth Portfolio - Passive
EQ/All Asset Growth Allocation Portfolio
EQ/American Century Mid Cap Value Portfolio
EQ/American Century Moderate Growth Allocation Portfolio
EQ/Capital Group Research Portfolio
EQ/Clearbridge Large Cap Growth ESG Portfolio
EQ/Clearbridge Select Equity Managed Volatility Portfolio – ClearBridge
EQ/Clearbridge Select Equity Managed Volatility Portfolio - BlackRock
EQ/Common Stock Index Portfolio
EQ/Core Bond Index Portfolio
EQ/Core Plus Bond Portfolio – AXA IM
EQ/Core Plus Bond Portfolio – Brandywine
EQ/Core Plus Bond Portfolio – Loomis Sayles
EQ/Emerging Markets Equity Plus Portfolio – AllianceBernstein Passive
EQ/Emerging Markets Equity Plus Portfolio – EIM
EQ/Emerging Markets Equity Plus Portfolio – EARNEST Partners
EQ/Equity 500 Index Portfolio
EQ/Fidelity Institutional AM Large Cap Portfolio
EQ/Franklin Rising Dividends Portfolio
EQ/Franklin Small Cap Value Managed Volatility Portfolio – BlackRock
EQ/Franklin Small Cap Value Managed Volatility Portfolio - Franklin
EQ/Global Equity Managed Volatility Portfolio – BlackRock (MSCI EAFE)
EQ/Global Equity Managed Volatility Portfolio – BlackRock (S&P 500)
EQ/Global Equity Managed Volatility Portfolio – Morgan Stanley
EQ/Goldman Sachs Growth Allocation Portfolio
EQ/Goldman Sachs Mid Cap Value Portfolio
EQ/Goldman Sachs Moderate Growth Allocation
EQ/Intermediate Corporate Bond Portfolio
EQ/Intermediate Government Bond Portfolio
EQ/International Core Managed Volatility Portfolio - EARNEST
EQ/International Core Managed Volatility Portfolio - BlackRock
EQ/International Core Managed Volatility Portfolio - EIM
EQ/International Core Managed Volatility Portfolio - Federated
EQ/International Equity Index Portfolio
EQ/International Managed Volatility Portfolio - AllianceBernstein
EQ/International Managed Volatility Portfolio - BlackRock
EQ/International Value Managed Volatility Portfolio - BlackRock
EQ/International Value Managed Volatility Portfolio - Harris
EQ/Invesco Comstock Portfolio
EQ/Invesco Global Portfolio
EQ/Invesco Global Real Assets Portfolio
EQ/Invesco Moderate Allocation Portfolio
EQ/Invesco Moderate Growth Allocation Portfolio
EQ/Janus Enterprise Portfolio
EQ/JPMorgan Hedged Equity and Premium Income Portfolio
EQ/Large Cap Core Managed Volatility Portfolio – Capital International
EQ/Large Cap Core Managed Volatility Portfolio - EIM
EQ/Large Cap Core Managed Volatility Portfolio - GQG
EQ/Large Cap Core Managed Volatility Portfolio – Vaughan Nelson
EQ/Large Cap Core Managed Volatility Portfolio - BlackRock
EQ/Large Cap Growth Index Portfolio
EQ/Large Cap Value Index Portfolio
EQ/Large Cap Value Managed Volatility Portfolio – AllianceBernstein Active
EQ/Large Cap Value Managed Volatility Portfolio – AllianceBernstein ATM
EQ/Large Cap Value Managed Volatility Portfolio - Aristotle
EQ/Lazard Emerging Markets Equity Portfolio
EQ/Long-TermBond Portfolio
EQ/Loomis Sayles Growth Portfolio
EQ/Mid Cap Index Portfolio
EQ/Mid Cap Value Managed Volatility Portfolio - BlackRock
EQ/Mid Cap Value Managed Volatility Portfolio – Diamond Hill
EQ/Mid Cap Value Managed Volatility Portfolio - EIM
EQ/Mid Cap Value Managed Volatility Portfolio - Wellington
EQ/Morgan Stanley Small Cap Growth Portfolio - BlackRock
EQ/Morgan Stanley Small Cap Growth Portfolio – Morgan Stanley
EQ/Quality Bond PLUS Portfolio-AllianceBernstein Passive
EQ/Quality Bond PLUS Portfolio - AllianceBernstein
EQ/Small Company Index Portfolio
EQ/T. Rowe Price Health Sciences Portfolio
EQ/Value Equity Portfolio
EQ/Wellington Energy Portfolio
Equitable Conservative Growth MF/ETF Portfolio
Equitable Growth MF/ETF Portfolio
Equitable Moderate Growth MF/ETF Portfolio
Multimanager Aggressive Equity Portfolio - AllianceBernstein ATM
Multimanager Aggressive Equity Portfolio – 1832
Multimanager Aggressive Equity Portfolio - Westfield
Multimanager Core Bond Portfolio-BlackRock
Multimanager Core Bond Portfolio – SSgA
Multimanager Core Bond Portfolio - DoubleLine
Multimanager Technology Portfolio - AllianceBernstein
Multimanager Technology Portfolio - FIAM
Multimanager Technology Portfolio – Wellington
Multimanager Technology Portfolio - EIM
1290 Funds
1290 Avantis U.S. Large Cap Growth Fund
1290 Diversified Bond Fund
1290 Essex Small Cap Growth Fund
1290 GAMCO Small/Mid Cap Value Fund
1290 High Yield Bond Fund
1290 Loomis Sayles Multi-Asset Income Fund
1290 Multi-Alternative Strategies Fund
1290 Smart Beta Equity Fund
Securities Lending Agreement
EACH OF THE AXA FUND LENDERS
LISTED ON ANNEX A HERETO
SCHEDULE 4
JPMorgan Chase Bank, N.A.
Securities Lending – Limitations on Securities Available for Loan, Lending Accounts and Markets
Limitations on Securities Available for Loan
The following limitations shall apply to J.P. Morgan’s authority to lend Securities held in the Lending Accounts:
1. At the time of any Loan, the aggregate Market Value of Lender’s Securities on Loan after taking such Loan into account shall not exceed 30% of the aggregate Market Value of Lender’s total assets, including collateral for Loans.
2. No more than 90% of any Security held by Lender may be on loan at the time the Loan is initiated.
3. At the initiation of any Loan, the maximum rebate rate must be Overnight Bank Funding Rate (OBFR) minus 25 basis points on Loans collateralized with cash; on Loans collateralized with securities, the Lender will charge Borrowers a minimum 25 basis point fee.
Lending Accounts
| Lending Account Name |
Lending Account Numbers |
|||||||
| 1290 VT Equity Income Portfolio |
38944 | G 09834 | ||||||
| 1290 VT Micro Cap Portfolio - Blackrock |
G 24413 | |||||||
| 1290 VT Real Estate Portfolio - AllianceBernstein |
ABD65 | G 30165 | ||||||
| 1290 VT Small Cap Value Portfolio - Blackrock |
G 24417 | |||||||
| 1290 VT SmartBeta Equity ESG Portfolio |
ADF89 | P 75008 | ||||||
| 1290 VT Convertible Securities Portfolio - SSGA |
P 75009 | |||||||
| 1290 VT DoubleLine Opportunistic Bond Portfolio |
AHL95 | P 24225 | ||||||
| 1290 VT GAMCO Mergers & Acquisitions Portfolio |
35949 | G 09840 | ||||||
| 1290 VT GAMCO Small Company Value Portfolio |
43362 | G 09841 | ||||||
| 1290 VT High Yield Bond Portfolio - AXA Investment Managers |
G 30168 | |||||||
| 1290 VT High Yield Bond Portfolio - EIM |
G 23689 | |||||||
| 1290 VT High Yield Bond Portfolio- Post |
AEX34 | G 24420 | ||||||
| 1290 VT Micro Cap Portfolio - Lord Abbett |
G 24412 | |||||||
| 1290 VT Moderate Growth Allocation Portfolio |
EQP54 | P 93554 | ||||||
| 1290 VT Multi-Alternative Strategies Portfolio - EIM |
P 43360 | |||||||
| 1290 VT Natural Resources Portfolio - AB |
30497 | G 30170 | ||||||
| 1290 VT Small Cap Value Portfolio - Horizon |
AEX33 | G 24419 | ||||||
| 1290 VT Socially Responsible Portfolio - Blackrock |
38438 | G 08437 | ||||||
| ATM International Managed Volatility Portfolio - AllianceBernstein |
57784 | P 04048 | ||||||
| ATM International Managed Volatility Portfolio - Blackrock |
57785 | P 03730 | ||||||
| ATM Large Cap Managed Volatility Portfolio - AllianceBernstein |
P 04039 | |||||||
| ATM Large Cap Managed Volatility Portfolio - Blackrock |
P 03721 | |||||
| ATM Mid Cap Managed Volatility Portfolio - AllianceBernstein |
P 04045 | |||||
| ATM Mid Cap Managed Volatility Portfolio - Blackrock |
P 03727 | |||||
| ATM Small Cap Managed Volatility Portfolio - AllianceBernstein |
P 04042 | |||||
| ATM Small Cap Managed Volatility Portfolio - Blackrock |
P 03724 | |||||
| EQ/ Global Equity Managed Volatility Portfolio - Invesco |
ACA07 | G 23895 | ||||
| EQ/2000 Managed Volatility Portfolio - AllianceBernstein |
P 04041 | |||||
| EQ/2000 Managed Volatility Portfolio - Blackrock |
P 03723 | |||||
| EQ/400 Managed Volatility Portfolio - AllianceBernstein |
P 04044 | |||||
| EQ/400 managed Volatility Portfolio - Blackrock |
P 03726 | |||||
| EQ/500 Managed Volatility Portfolio - AllianceBernstein |
P 04038 | |||||
| EQ/500 Managed Volatility Portfolio - Blackrock |
P 03720 | |||||
| EQ/AB Dynamic Aggressive Growth |
EKY83 | P 43358 | ||||
| EQ/AB Dynamic Growth Portfolio |
AHL94 | P 24224 | ||||
| EQ/AB Dynamic Moderate Growth Portfolio |
86997 | P 13896 | ||||
| EQ/AB Short Duration Government Bond Portfolio |
ABV48 | G 23857 | ||||
| EQ/AB Small Cap Growth Portfolio - Active |
G 80446 | |||||
| EQ/AB Small Cap Growth Portfolio - Passive |
G 80447 | |||||
| EQ/All Asset Growth AllocationPortfolio |
G 80448 | |||||
| EQ/American Century Mid Cap Value Portfolio |
EMR57 | P 45410 | ||||
| EQ/American Century Moderate Growth Allocation Portfolio |
EQP55 | P 93555 | ||||
| EQ/Capital Group Research Portfolio |
15733 | G 08239 | ||||
| EQ/Clearbridge Large Cap Growth ESG Portfolio |
G 08048 | |||||
| EQ/Clearbridge Select Equity Managed Volatility Portfolio |
41986 | G 11251 | ||||
| EQ/Clearbridge Select Equity Managed Volatility Portfolio - Blackrock |
53048 | P 03296 | ||||
| EQ/Common Stock Index Portfolio - AllianceBernstein |
29812 | G 09751 | ||||
| EQ/Core Bond Index Portfolio - SSgA |
12234 | G 07195 | ||||
| EQ/Core Plus Bond Portfolio – AXA Investment Mgmt |
EUR36 | G 27117 | ||||
| EQ/Core Plus Bond Portfolio – Brandywine |
EUR35 | G 27122 | ||||
| EQ/Core Plus Bond Portfolio – Loomis Sayles |
EUR37 | G 27123 | ||||
| EQ/Emerging Markets Equity Plus Portfolio - Alliance Bernstein Passive |
30500 | G 30162 | ||||
| EQ/Emerging Markets Equity Plus Portfolio – EIM |
G 30161 | |||||
| EQ/Emerging Markets Equity Plus Portfolio- Earnest Partners LLC |
30495 | G 30163 | ||||
| EQ/Equity 500 Index Portfolio - AllianceBernstein |
5016 | G 05924 | ||||
| EQ/Fidelity Institutional AM Large Cap Portfolio |
EMR58 | P 45411 | ||||
| EQ/Franklin Rising Dividends Portfolio |
EMR59 | P 45412 | ||||
| EQ/Franklin Samll Cap Value Managed Volatility Portfolio - Blackrock |
53039 | P 03287 | ||||
| EQ/Franklin Samll Cap Value Managed Volatility Portfolio - Franklin |
41985 | G 11250 | ||||
| EQ/Global Equity Managed Volatility- Blackrock Portfolio - MSCI EAFE |
53044 | P 03292 | ||||
| EQ/Global Equity Managed Volatility Portfolio - Blackrock S&P 500 |
P 03377 | |||||
| EQ/Global Equity Managed Volatility Portfolio - Morgan Stanley |
9919 | G 06988 | ||||
| EQ/Goldman Sachs Growth Allocation Portfolio |
EQP58 | P 93558 | ||||
| EQ/Goldman Sachs Mid Cap Value Portfolio |
EMR61 | P 45414 | ||||
| EQ/Goldman Sachs Moderate Growth Allocation |
AHM44 | P 24447 | ||||
| EQ/Intermediate Corporate Bond Portfolio |
G 49012 | |||||
| EQ/Intermediate Government Bond Portfolio - SSgA |
4276 | G 05334 | ||||
| EQ/International Core Managed Volatility- Earnest |
AFE41 | G 24443 | ||||
| EQ/International Core Managed Volatility Portfolio - Blackrock |
44730 | G 11564 | ||||
| EQ/International Core Managed Volatility Portfolio – EIM |
G 11550 | |||||
| EQ/International Core Managed Volatility Portfolio- Federated Investors Inc |
46927 | G 11549 | ||||
| EQ/International Equity Index Portfolio - AllianceBernstein |
29813 | G 09752 | ||||
| EQ/International Managed Volatility Portfolio - AllianceBernstein |
57782 | P 04047 |
| EQ/International Managed Volatility Portfolio - Blackrock |
57783 | P 03729 | ||||
| EQ/International Value Managed Volatility Portfolio - Blackrock |
9914 | G 06983 | ||||
| EQ/International Value Managed Volatility Portfolio - Harris |
87030 | P 14003 | ||||
| EQ/Invesco Comstock Portfolio |
40317 | G 10329 | ||||
| EQ/Invesco Global Portfolio |
41988 | G 11253 | ||||
| EQ/Invesco Global Real Assets Portfolio |
EMR62 | P 45415 | ||||
| EQ/Invesco Moderate Allocation Portfolio |
AHM45 | P 24448 | ||||
| EQ/Invesco Moderate Growth Allocation Portfolio |
EQP59 | P 93559 | ||||
| EQ/Janus Enterprise Portfolio - Janus |
43593 | G 10330 | ||||
| EQ/JPMorgan Hedged Equity and Premium Income Portfolio |
P 59483 | |||||
| EQ/Large Cap Core Managed Volatility Portfolio - Capital Guardian |
AWZ88 | G 23905 | ||||
| EQ/Large Cap Core Managed Volatility Portfolio - EIM |
G 11556 | |||||
| EQ/Large Cap Core Managed Volatility Portfolio - GQG Partners LLC |
AFE39 | G 24441 | ||||
| EQ/Large Cap Core Managed Volatility Portfolio - Vaughn Nelson |
G 11555 | |||||
| EQ/Large Cap Core Managed Volatility Portfolio -Blackrock |
44753 | G 11567 | ||||
| EQ/Large Cap Growth Index Portfolio - AllianceBernstein |
15731 | G 08237 | ||||
| EQ/Large Cap Value Index Portfolio - AB |
38463 | G 10983 | ||||
| EQ/Large Cap Value Managed Volatility Portfolio - AllianceBernstein Active |
G 07193 | |||||
| EQ/Large Cap Value Managed Volatility Portfolio - AllianceBernsten ATM |
52661 | G 00040 | ||||
| EQ/Large Cap Value Managed Volatility Portfolio - Aristotle Capital Managment LLC |
G 23902 | |||||
| EQ/Large Cap Value Managed Volatility Portfolio – EIM |
G 23903 | |||||
| EQ/Lazard Emerging Markets Equity Portfolio |
EMR36 | P 45402 | ||||
| EQ/Long-Term Bond Portfolio - AllianceBernstein |
EYM67 | G 38787 | ||||
| EQ/Loomis Sayles Growth Portfolio |
G 10224 | |||||
| EQ/Mid Cap Index Portfolio - AB |
21620 | G 08812 | ||||
| EQ/Mid Cap Value Managed Volatility - Blackrock |
44731 | G 11565 | ||||
| EQ/Mid Cap Value Managed Volatility Portfolio - Diamond Hill |
ACA08 | G 23896 | ||||
| EQ/Mid Cap Value Managed Volatility Portfolio – EIM |
G 11552 | |||||
| EQ/Mid Cap Value Managed Volatility Portfolio - Wellington |
44713 | G 11551 | ||||
| EQ/Morgan Stanley Small Cap Growth Portfolio-Blackrock |
G 24414 | |||||
| EQ/Morgan Stanley Small Cap Growth Portoflio |
AEX32 | G 24418 | ||||
| EQ/Quality Bond PLUS Portfolio - Alliance Bernstein Passive |
G 30226 | |||||
| EQ/Quality Bond PLUS Portfolio - AllianceBernstein |
5320 | G 05827 | ||||
| EQ/Small Company Index Portfolio - AllianceBernstein |
57999 | G 07196 | ||||
| EQ/T. Rowe Price Health Sciences Portfolio |
EMR42 | P 45408 | ||||
| EQ/Value Equity Portfolio |
G 06991 | |||||
| EQ/Wellington Energy Portfolio |
EMR33 | P 45399 | ||||
| Equitable Conservative Growth MF/ETF Portfolio |
S 16975 | |||||
| Equitable Growth MF/ETF Portfolio |
G 43882 | |||||
| Equitable Moderate Growth MF/ETF Portfolio |
G 43881 | |||||
| Multimanager Aggressive Equity Portfolio - AllianceBernstein - ATM |
52766 | P 02708 | ||||
| Multimanager Aggressive Equity Portfolio - Scotia Institutional Asset Management US LTD |
25407 | G 09295 | ||||
| Multimanager Aggressive Equity Portfolio - T. Rowe Price |
25387 | G 09275 | ||||
| Multimanager Aggressive Equity Portfolio - Westfield |
25395 | G 09283 | ||||
| Multimanager Core Bond Portfolio - BlackRock |
25393 | G 09281 | ||||
| Multimanager Core Bond Portfolio - SSgA |
52767 | P 02709 | ||||
| Multimanager Core Bond Portfolio- Doubleline |
AHH64 | P 22045 | ||||
| Multimanager Technology Portfolio - AB |
52778 | P 02720 | ||||
| Multimanager Technology Portfolio – FIAM LLC |
25396 | G 09284 | ||||
| Multimanager Technology Portfolio - Wellington |
25390 | G 09278 |
| Multimanger Technology Portfolio - EIM |
P 03700 | |||
| 1290 Funds: | ||||
| 1290 Avantis U.S. Large Cap Growth Fund |
P 67962 | |||
| 1290 Diversified Bond Fund – Brandywine |
ENH81 | P 78337 | ||
| 1290 Essex Small Cap Growth Fund |
G 45330 | |||
| 1290 GAMCO Small/Mid Cap Value Fund |
AGM33 | P 91799 | ||
| 1290 High Yield Bond Fund |
P 91800 | |||
| 1290 Loomis Sayles Multi-Asset Income Fund |
FCG11 | S 16973 | ||
| 1290 Multi-Alternative Strategies Fund |
P 33351 | |||
| 1290 Smartbeta Equity Fund |
AGM34 | P 91801 | ||
Eligible Markets
J.P. Morgan may lend Securities in the following markets:
| Number |
Lending Markets |
Lender Approves (Check All That Apply) |
Additional Market Requirements | |||
| 1 |
Australia | X | Yes – refer to Addendum (I) below | |||
| 2 |
Austria | X | ||||
| 3 |
Belgium | X | ||||
| 4 |
Brazil | Yes – An additional agreement is required. Please contact your Sales Specialist or Relationship Manager for additional information. | ||||
| 5 |
Canada | X | ||||
| 6 |
Czech Republic | X | ||||
| 7 |
Denmark | X | ||||
| 8 |
Euroclear | X | ||||
| 9 |
Finland | X | ||||
| 10 |
France | X | Yes – refer to Addendum (II) below | |||
| 11 |
Germany | X | ||||
| 12 |
Greece | X | Yes – refer to Addendum (III) below | |||
| 13 |
Hong Kong | X |
| 14 |
Hungary | X | Yes – refer to Addendum (III) below | |||
| 15 |
Ireland | X | ||||
| 16 |
Israel | X | ||||
| 17 |
Italy | X | ||||
| 18 |
Japan | X | Yes – refer to Addendum (III) below | |||
| 19 |
Malaysia | Yes - An additional agreement is required. Please contact your Sales Specialist or Relationship Manager for additional information. | ||||
| 20 |
Mexico | X | Yes – refer to Addendum (III) below | |||
| 21 |
Netherlands | X | ||||
| 22 |
New Zealand | X | ||||
| 23 |
Norway | X | ||||
| 24 |
Poland | X | Yes – refer to Addendum (IV) below | |||
| 25 |
Portugal | X | ||||
| 26 |
Singapore | X | Yes – refer to Addendum (III) below | |||
| 27 |
South Africa | X | ||||
| 28 |
South Korea | Yes – An additional agreement is required. Please contact your Sales Specialist or Relationship Manager for additional information. | ||||
| 29 |
Spain | X | ||||
| 30 |
Sweden | X | ||||
| 31 |
Switzerland | X | ||||
| 32 |
Taiwan | Yes - An additional agreement is required. Please contact your |
| Sales Specialist or Relationship Manager for additional information. | ||||||
| 33 |
Thailand | X | Yes – refer to Addendum (V) below | |||
| 34 |
Turkey | X | Yes – refer to Addendum (VI) below | |||
| 35 |
United Kingdom | X | ||||
| 36 |
United States | X |
Lender acknowledges that this Schedule 4 to the Securities Lending Agreement dated April 11, 2016 is effective as of the date specified below and that the relevant Addenda within this Schedule shall apply.
Each Lender severally and not jointly:
EQ ADVISORS TRUST
1290 FUNDS
on behalf of each of their series listed on Annex A
| By: |
/s/ Brian Walsh | |
| Name: Brian Walsh | ||
| Title: Chief Financial Officer | ||
| Date: 4/17/26 |
Market Terms Schedule
| I. | Australia |
Lender acknowledges and accepts that:
| a) | with regards to any Institutional Share Offering (“ISO”) offered by an Australian issuer to Lender, Lender shall be solely responsible for informing J.P. Morgan that Lender has (a) been invited to participate in such ISO and (b) intends to, or otherwise, exercise any rights in relation to Securities on Loan; |
| b) | due to the nature of an ISO, J.P. Morgan will be unaware of such ISO arising and will therefore rely solely on Lender’s notification provided in (a) above; |
| c) | subject to Clause 4 hereof (Instructions), Lender must provide election Instructions to J.P. Morgan: |
| i. | prior to market expiry where the timing of the ISO announcement makes it reasonably practicable to permit election Instructions to be given prior to such market expiry; and |
| ii. | in all other cases, prior to the applicable Cut-Off Time. |
Such election Instructions must specify whether Lender wishes to (i) take up the ISO; (ii) lapse the ISO; or (iii) lapse and take up any available cashbook build. Upon receipt, J.P. Morgan shall use reasonable endeavours to forward such election Instructions to Borrower;
| d) | J.P. Morgan shall not be liable to Lender in the event that: |
| iii. | Lender does not provide to J.P. Morgan any election Instructions; or |
| iv. | Lender fails to provide J.P. Morgan with timely election Instructions with respect to such an ISO, and J.P. Morgan in its sole discretion does not take any action in relation to such election Instructions; or |
| v. | election Instructions were received by Borrower after market expiry of the ISO and Borrower is unable to accept such election Instructions. |
| II. | France |
Lender acknowledges and accepts that when lending Securities issued by French issuers (“French Securities”), any additional tax credits (including, but not limited to, Credit d’Impot) that may be due to the holder of such French Securities had they not been on Loan over record date, will not form part of the manufactured Income (as defined in the applicable MSLA) that is collected from a Borrower on behalf of the Lender.
| III. | Greece, Hungary, Japan, Mexico, Singapore |
To the extent that Lender has approved in this Schedule that the following jurisdictions are eligible markets, Lender represents and warrants that it does not have a “permanent establishment” in:
| a) | Greece |
| b) | Hungary |
| c) | Japan |
| d) | Mexico |
| e) | Singapore |
| IV. | Poland |
Lender acknowledges and agrees that the following restrictions shall apply in respect of equity securities issued by Polish companies (“Polish Securities”):
| a) | the Journal of laws of Poland 2015, No.1272, which became effective in October 2015 (the “Act”) introduced pre-approval requirements from the Polish Government prior to any acquisition of significant shareholdings in certain Protected Companies (as defined by the Act and subject to change from time to time). In order to manage the transaction pre-approval requirements for the Lender, J.P. Morgan will be limiting the securities lending program to actively lend only those Polish Securities where the Lender’s aggregate holding is less than 5%; |
| b) | as the list of Protected Companies impacted by the Act is subject to on-going change, this arrangement will be applied to all Polish Securities held through J.P. Morgan that have been made eligible for lending in the program by the Lender. As Lender’s Lending Agent, J.P. Morgan are unable to determine the Lender’s total aggregate size of holding in such Polish Securities, therefore Lender will be responsible for notifying J.P. Morgan where Lender is either holding, or proposing to acquire a total holding of 5% or greater of voting capital in Polish Securities. Lenders are required to provide such notification to J.P. Morgan no later than trade date of the acquisition transaction resulting in a 5% or above holding; and |
| c) | a failure to comply with the notification requirement could result in securities lending transactions being undertaken by J.P. Morgan without Lender seeking the requisite pre-approval potentially resulting in penalties being levied against the Lender by the Polish Government for which the Lender is solely responsible. |
| V. | Thailand |
When lending Securities issued by Thai issuers (“Thai Securities”) Lender acknowledges and consents that the amount of all cash Distributions (as defined in Clause 2.7(a) above) payable to Lender with regard to Thai Securities on Loan may be credited to Lender’s cash account in Dollars on the payable date of such cash Distributions. The amount of the cash Distributions will be converted into Dollars using the foreign exchange rate agreed with the Borrower and based on the reference rate provided by J.P. Morgan’s local subcustodian.
Lenders opting for the “Calc & Pay” service offered by J.P.Morgan in its capacity as global custodian for the treatment of capital gains tax in Thailand (such service being, the “Calc & Pay Service”), should be aware that the applicable sub-custodian in Thailand has informed J.P.Morgan (in its capacity as global custodian) that it will ignore loan and return transactions generated by the agency lending discretionary program for the purposes of any calculation required for the Calc & Pay Service.
| VI. | Turkey |
Lender represents and warrants that all:
| a) | Turkish equities in the Lending Account were purchased after 1st January, 2006 and are not subject to the “Non Resident Investment Fund” regime; and |
| b) | Turkish bonds in the Lending Account were issued after 1st January, 2006, |
and can be made available for lending under Applicable Law.
Lender acknowledges that it will promptly identify to J.P. Morgan by notice, which notice may be oral, if the above representation and warranty ceases to be true. Upon such notice, J.P. Morgan shall restrict the lending of the relevant Turkish Securities to Borrowers. In the event Lender fails to promptly notify J.P. Morgan that the above representation and warranty ceases to be true, J.P. Morgan shall not be liable for any Liabilities of Lender arising as a result of continued lending of such Turkish Securities.