Amendment to Subadvisory Agreement for AST T. ROWE PRICE LARGE-CAP GROWTH PORTFOLIO
Amendment to Subadvisory Agreement
for AST X. XXXX PRICE LARGE-CAP GROWTH PORTFOLIO
AST Investment Services, Inc., PGIM Investments LLC (formerly Prudential Investments LLC) (collectively, the “Manager”) and X. Xxxx Price Associates, Inc. (the “Subadviser”) hereby agree to amend the Subadvisory Agreement, dated as of November 29, 2005, as amended February 1, 2016 and June 1, 2017, by and among the Manager and the Subadviser, pursuant to which the Subadviser has been retained to provide investment advisory services to the AST X. Xxxx Price Large-Cap Growth Portfolio as follows;
1. |
Schedule A is hereby deleted and replaced with the attached Schedule A. |
IN WITNESS HEREOF, AST Investment Services, Inc., PGIM Investments LLC, and X. Xxxx Price Associates, Inc. have duly executed this Amendment as of the effective date of this Amendment.
AST Investment Services, Inc.
By: /s/ Xxxxxxx Xxxxxx
Name: Xxxxxxx Xxxxxx
Title: President
PGIM INVESTMENTS LLC
By: /s/ Xxxxxxx Xxxxxx
Name: Xxxxxxx Xxxxxx
Title: Senior Vice President
X. Xxxx price associates, inc.
By: /s/ Xxxxxxx Xxxxxxxx
Name: Xxxxxxx Xxxxxxxx
Title: Vice President
Effective Date as Revised: January 1, 2021
SCHEDULE A
AST X. Xxxx Price Large-Cap Growth Portfolio
As compensation for services provided by X. Xxxx Price Associates, Inc. (“X. Xxxx Price”), AST Investment Services, Inc. and PGIM Investments LLC (collectively, “Manager”), as applicable, will pay X. Xxxx Price a subadvisory fee on the net assets managed by X. Xxxx Price that is equal, on an annualized basis, to the following:
Portfolio |
Subadvisory Fee* |
AST X. Xxxx Price Large-Growth Portfolio
|
Portfolio average daily net assets up to $100 million: 0.500% of average daily net assets to $50 million; Portfolio average daily net assets over $100 million and up to $1 billion: When Portfolio average daily net assets exceed $1 billion: |
* In the event X. Xxxx Price invests Portfolio assets in other pooled investment vehicles it manages or subadvises, X. Xxxx Price will waive its subadvisory fee for the Portfolio in an amount equal to the acquired fund fee paid to X. Xxxx Price with respect to the Portfolio assets invested in such acquired fund. Notwithstanding the foregoing, the subadvisory fee waivers will not exceed 100% of the subadvisory fee.
Effective Date as Revised: January 1, 2021