Amendment to Subadvisory Agreement for AST T. ROWE PRICE NATURAL RESOURCES PORTFOLIO
Amendment to Subadvisory Agreement
for AST X. XXXX PRICE NATURAL RESOURCES PORTFOLIO
AST Investment Services, Inc. (formerly known as American Skandia Investment Services, Incorporated), PGIM Investments LLC (formerly Prudential Investments LLC) (collectively, the “Manager”) and X. Xxxx Price Associates, Inc. (“Subadviser”) hereby agree to amend the Subadvisory Agreement, dated as May 1, 2003, by and among the Manager and Subadviser, pursuant to which Subadviser has been retained to provide investment advisory services to the AST X. Xxxx Price Natural Resources Portfolio as follows:
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1. |
Exhibit 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 X. Xxxxxx
Name: Xxxxxxx X. Xxxxxx
Title: President
PGIM INVESTMENTS LLC
By: /s/ Xxxxxxx X. Xxxxxx
Name: Xxxxxxx X. Xxxxxx
Title: Senior Vice President
X. Xxxx price associates, inc.
By: /s/ Xxxx Xxx
Name: Xxxx Xxx
Title: Vice President
Effective Date as Revised: June 1, 2022
SCHEDULE A
AST X. Xxxx Price Natural Resources 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 an advisory fee on the net assets managed by X. Xxxx Price that is equal, on an annualized basis, to the following:
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Portfolio |
Proposed Subadvisory Fee* |
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AST X. Xxxx Price Natural Resources Portfolio** |
0.55% of average daily net assets to $50 million;
When Portfolio average daily net assets exceed $50 million: 0.50% of average daily net assets to $500 million;
When Portfolio average daily net assets exceed $500 million: 0.425% of average daily net assets up to $500 million; 0.375% of average daily net assets above $500 million to $1 billion;
When Portfolio average daily net assets exceed $1 billion: 0.375% of average daily net assets |
* 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.
** For purposes of calculating the subadvisory fee, the assets of the AST X. Xxxx Price Natural Resources Portfolio will be aggregated with the PSF Natural Resources Portfolio.
Effective Date as Revised: June 1, 2022
