Amendment to Subadvisory Agreement for AST MID-CAP VALUE PORTFOLIO
Amendment to Subadvisory Agreement
for AST MID-CAP VALUE PORTFOLIO
Prudential Investments LLC and AST Investment Services, Inc. (formerly American Skandia Investment Services, Inc.) and WEDGE Capital Management, LLP (“Subadviser”) hereby agree to amend the Subadvisory Agreement, dated as of November 29, 2005, as amended, by and among Prudential Investments LLC, AST Investment Services, Inc., and Subadviser, pursuant to which Subadviser has been retained to provide investment advisory services to the AST Mid-Cap Value Portfolio as follows;
1. | Schedule A is hereby deleted and replaced with the attached Schedule A. |
IN WITNESS HEREOF, AST Investment Services, Inc., Prudential Investments LLC, and WEDGE Capital Management, LLP have duly executed this Amendment as of the effective date of this Amendment.
AST Investment Services, Inc.
By: /s/Xxxxxxx Xxxxx
Name: Xxxxxxx Xxxxx
Title: VP, ASTISI
PRUDENTIAL INVESTMENTS LLC
By: /s/Xxxxxxx Xxxxx
Name: Xxxxxxx Xxxxx
Title: VP, PI
WEDGE Capital Management, LLP
By: /s/Xxxx X. Xxxxxx
Name: Xxxx X. Xxxxxx
Title: General Partner
Effective Date as Revised: July 1, 2015
SCHEDULE A
AST Mid-Cap Value Portfolio
As compensation for services provided by WEDGE Capital Management, LLP, AST Investment Services, Inc. and Prudential Investments LLC (PI), as applicable, will pay WEDGE Capital Management, LLP an advisory fee on the net assets managed by WEDGE Capital Management, LLP that is equal, on an annualized basis, to the following:
Portfolio Name | Advisory Fee |
AST Mid-Cap Value Portfolio |
0.75% of average daily net assets to $10 million;
|
Effective Date as Revised: July 1, 2015