EX-99 6 app11.txt
APPENDIX II 2010 SUBSTITUTION APPLICATION OF METLIFE INSURANCE COMPANY OF CONNECTICUT, et al --------------------- --------------------------------------------------------------------------- -------------------------------- Participating Assets as of VIT Assets at Name (Net Expense as of 12/31/08) Advisory Fee Breakpoints 12/31/08 MetLife -------------------- --------------------------------------------------------------------------- ---------------------------------- --------------------- --------------------------------------------------------------------------- -------------------------------- Substitution #1 AIM V.I. Money Market Portfolio First $250 MM 0.40% $ 51,269,904 $1,863,519 - Series 1 (0.86%) Over $250 MM 0.35% Into First $1 BN 0.35% Next $1 BN 0.30% BlackRock Money Market Portfolio Over $2 BN 0.25%(1) $2,338,600,000 -Class A (0.33%) --------------------- --------------------------------------------------------------------------- ---------------------------------- --------------------- --------------------------------------------------------------------------- ---------------------------------- Substitution #2 AIM V.I. Technology Fund First $250 MN 0.75% $ 71,661,266 $2,106,798 - Series I (1.16%) Next $250 MN 0.74% Next $500 MN 0.73% Next $1.5 BN 0.72% Next $2.5 BN 0.71% Next $2.5 BN 0.70% Next $2.5 BN 0.69% Over $10 BN 0.68%(2) Into RCM Technology Fund First $500 MN 0.88% $ 126,100,000 - Class A (0.97%) Over $500 MN 0.85% --------------------- --------------------------------------------------------------------------- ---------------------------------- --------------------- --------------------------------------------------------------------------- ---------------------------------- Substitution #3 DWS Technology VIP First $250 MN 0.665% $ 61,194,287 $1,510,123 - Class B (1.29%) Next $750 MN 0.635% Next $1.5 BN 0.615% Next $2.5 BN 0.595% Next $2.5 BN 0.565% Next $2.5 BN 0.555% Next $2.5 BN 0.545% Over $2.5 BN 0.535% Into RCM Technology Portfolio First $500 MN 0.88% $126,100,000 -Class B (1.22%) Over $500 MN 0.85% --------------------- --------------------------------------------------------------------------- -------------------------------- --------------------- --------------------------------------------------------------------------- -------------------------------- Substitution #4 DWS Global Opportunities VIP First $500 MN 0.890% $122,543,825 $3,251,183 - Class B (1.42%) Next $500 MN 0.875% Next $1.0 BN 0.860% Over $1.0 BN 0.845% Into Oppenheimer Global Equity Portfolio First $50 MN 0.90% $526,400,000 - Class B (0.86%) Next $50 MN 0.55% Next $400 MN 0.50% Over $500 MN 0.475% --------------------- --------------------------------------------------------------------------- ---------------------------------- --------------------- --------------------------------------------------------------------------- ---------------------------------- Substitution #5 Janus Aspen Perkins All Assets 0.64%(3) $70,726,000 $2,352,175 Mid Cap Value Portfolio - Service Class (1.59%) Into Met/Artisan Mid Cap Value Portfolio First $1 BN 0.82% $854,600,000 - Class B (1.10%) Over $1 BN 0.78% --------------------- --------------------------------------------------------------------------- ---------------------------------- --------------------- --------------------------------------------------------------------------- ---------------------------------- Substitution #6 Legg Mason Partners Variable All Assets 0.75% $42,120,255 $42,101,873 Global Equity Portfolio - Single Share Class (1.33%) Into Met / Templeton Growth Portfolio First $100 MN 0.70% $98,800,800 - Class B (1.07%) Next $150 MN 0.68% Next $250 MN 0.67% Next $250 MN 0.66% Over $750 MN 0.65%(4) --------------------- --------------------------------------------------------------------------- ---------------------------------- --------------------- --------------------------------------------------------------------------- ---------------------------------- Substitution #7 Legg Mason Partners Variable First $1 BN 0.450% $696,317,869 $688,624,904 Money Market Portfolio - Next $1 BN 0.425% Single Share Class (0.54%) Next $3 BN 0.400% Next $5 BN 0.375% Over $10 BN 0.350% Into $2,338,600,000 BlackRock Money Market Portfolio - First $1 BN 0.35% Class E (0.48%) Next $1 BN 0.30% Over $2 BN 0.25%(1) --------------------- --------------------------------------------------------------------------- ---------------------------------- --------------------- --------------------------------------------------------------------------- ---------------------------------- Substitution #8 Legg Mason Partners S&P 500 First $350 MN 0.650% $259,188,655 $23,075,016 Index Portfolio Next $150 MN 0.550% - Class A (0.56%) Next $250 MN 0.525% Next $250 MN 0.500% Over $1 BN 0.450% Into Met Life Stock Index Portfolio - All Assets 0.25%(5) $3,632,500,000 Class A (0.28%) --------------------- --------------------------------------------------------------------------- ---------------------------------- --------------------- --------------------------------------------------------------------------- ---------------------------------- Substitution #9 Pioneer High Yield VCT Portfolio - All Assets 0.65% $77,720,185 $25,996,369 Class II (1.08%) Into BlackRock High Yield Portfolio - All Assets 0.60% $309,300,000 Class B (HypoPerformance) (0.94%) --------------------- --------------------------------------------------------------------------- ---------------------------------- --------------------- --------------------------------------------------------------------------- ---------------------------------- Substitution #10 Putnam VT Equity Income Fund - First $500 MN 0.65% $144,231,561 $28,214,431 Class IB (1.05%) Next $500 MN 0.55% Next $500 MN 0.50% Next $5 BN 0.45% Next $5 BN 0.425% Next $5 BN 0.405% Next $5 BN 0.39% Over $35 BN 0.38% Into First $1.25 BN 0.65% MFS Value Portfolio - Class B Next $250 MM 0.60% $587,900,000 (Hypo Performance) (0.98%) Over $1.5 BN 0.50%(6) --------------------- --------------------------------------------------------------------------- ---------------------------------- --------------------- --------------------------------------------------------------------------- ---------------------------------- Substitution #11 Putnam VT Growth & Income Portfolio - Class IA (0.60%) First $500 MN 0.65% $1,390,089,965 $6,210,048 Putnam VT Growth & Income Portfolio - Next $500 MN 0.55% $2,635,390 Class IB (0.85%) Next $500 MN 0.50% ----------- Next $5 BN 0.45% $8,845,439 Next$5 BN 0.425% Next $5 BN 0.405% Next $5 BN 0.39% Over $35 BN 0.38% Into Lord Abbett Growth and Income Portfolio - First $600 MN 0.60% $2,384,000,000 Class A (0.53%) Next $500 MN 0.55% Lord Abbett Growth and Income Portfolio - Next $400 MN 0.50% Class B (0.78%) Over $1.5 BN 0.45% --------------------- --------------------------------------------------------------------------- ---------------------------------- --------------------- --------------------------------------------------------------------------- ---------------------------------- Substitution #12 Van Kampen UIF Small Company Growth First $1 BN 0.92% $26,481,000 $3,996,766 Portfolio - Class II (1.70%) Next $500 MN 0.85% Over $1.5 BN 0.80%(7) First $500 mm....0.88% Over $500 mm.....0.83% Into Met/AIM Small Cap Growth Portfolio - Class B (1.14%) $540,300,000 --------------------- --------------------------------------------------------------------------- ----------------------------------
1. The Adviser has contractually agreed to reduce its advisory fee to the annual rate of 0.345% for the first $500 million and 0.335% for the next $500 million through 4/30/2011; for the year ended 12/31/08 the Adviser was paid an advisory fee of 0.33% of the average daily net assets. 2. The Adviser has contractually agreed to waive its advisory fee in an amount equal to 100% of the net advisory fees Invesco aim receives from the affiliated money market funds on investments by the fund of uninvested cash (excluding investments of cash collateral from securities lending) in such affiliated money market funds through 4/30/2010. 3. The advisory fee paid to Janus Capital by the Portfolio consists of two components: (1) a base fee calculated based on the Portfolio's average daily net assets; and (2) a performance fee adjustment calculated by applying a variable rate of up to 0.15% to the Portfolio's average daily net assets. The performance fee adjustment depends on the Portfolio's performance relative to its benchmark index, the Russell Midcap Value Index, over a rolling 36 month period. Janus Capital agreed by contract to waive the advisory fee payable by the Portfolio in an amount equal to the amount, if any, that the Portfolio's normal operating expenses in any fiscal year, including the investment advisory fee, but excluding the distribution and shareholder servicing fee applicable to Service Shares, the administrative services fee applicable to Service Shares, brokerage commissions, interest, dividends, taxes, and extraordinary expenses including, but not limited to, acquired fund fees and expenses, exceed the annual rate of 1.24%. 4. The Adviser has contractually agreed, for the period ended April 30, 2011, to an Expense Limitation Agreement whereby total Annual Portfolio Operating Expenses for the Class B shares of the Portfolio will not exceed 1.25%. Under certain circumstances, any fees waived or expenses reimbursed by the Manager may, with the approval of the Trust's Board of Trustees, be repaid to the Adviser. 5. The Adviser has contractually agreed to reduce its advisory fee to the annual rate of 0.243% through 4/30/2011. For the year ended 12/31/08 the Adviser was paid an advisory fee of 0.243% of the average daily net assets. 6. The Adviser contractually agreed, for the period May 1, 2009 to April 30, 2011, to reduce its advisory fee to the annual rate of 0.65% for the first $1.25 billion, 60% for the next $250 million and 0.50% for amounts over $1.5 billion of the Portfolio's average daily net assets. 7. The Adviser has voluntarily agreed to reduce its advisory fee and/or reimburse the Portfolio so that total annual operating expenses will not exceed 1.25% of its average daily net assets. For purposes of determining the amount of the waiver/reimbursement, the annual operating expenses of the Portfolio exclude certain investment related expenses such as foreign country tax expense and interest expense on amounts borrowed. As a result, the expense ratio, including these expenses, after fee waivers/reimbursements may be higher than 1.25%.