Prudential World Fund, Inc. PGIM Emerging Markets Debt Local Currency Fund AMENDMENT TO MANAGEMENT AGREEMENT
Prudential World Fund, Inc.
PGIM Emerging Markets Debt Local Currency Fund
AMENDMENT TO MANAGEMENT AGREEMENT
Amendment to Management Agreement made this 13th day of December, 2019 between Prudential World Fund, Inc., on behalf of its series, PGIM Emerging Markets Debt Local Currency Fund, and PGIM Investments LLC (the Manager).
WHEREAS Prudential World Fund, Inc. and the Manager have mutually agreed to revise Schedule A of the Management Agreement, in order to reduce the management fee rate pursuant to which Prudential World Fund, Inc. compensates the Manager for the services provided by the Manager to PGIM Emerging Markets Debt Local Currency Fund under the Management Agreement;
NOW THEREFORE, the parties mutually agree as follows:
1. The management fee rate schedule appearing in Schedule A is hereby deleted in its entirety and is replaced with the following new management fee rate schedule applicable to PGIM Emerging Markets Debt Local Currency Fund:
0.650% on average daily net assets up to $1 billion;
0.630% on average daily net assets from $1 billion to $3 billion;
0.610% on average daily net assets from $3 billion to $5 billion;
0.600% on average daily net assets from $5 billion to $10 billion;
0.590% on average daily net assets over $10 billion.
2. The Management Agreement is unchanged in all other respects.
IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed by their officers designated below as of the day and year first above written.
PRUDENTIAL WORLD FUND, INC.
By: /s/ Xxxxx X. Xxxxxxxx
Xxxxx X. Xxxxxxxx, Vice President
PGIM INVESTMENTS LLC
By: /s/ Xxxxxx X. Xxxxxx
Xxxxxx X. Xxxxxx, President
