AMENDMENT TO SUBADVISORY AGREEMENT
AMENDMENT TO SUBADVISORY AGREEMENT
FOR AST LARGE-CAP GROWTH PORTFOLIO
(formerly, AST X. XXXX PRICE LARGE CAP 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 T. RowePrice 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/ Xxxxxxx Xxxxxxxx
NAME: Xxxxxxx Xxxxxxxx
TITLE: Vice President
Effective Date as Revised: June 13, 2022
SCHEDULE A
AST Large-Cap Growth Portfolio
(formerly, 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 Large-Cap Growth Portfolio |
Portfolio average daily net assets up to $100 million: |
|
0.500% of average daily net assets to $50 million; |
|
0.400% of average daily net assets over $50 million |
|
Portfolio average daily net assets over $100 million and up to $1 |
|
billion: |
|
0.400% of average daily net assets on all assets up to $250 million; |
|
0.375% of average daily net assets over $250 million to $500 |
|
million; |
|
0.350% of average daily net assets over $500 million to $1 billion |
When Portfolio average daily net assets exceed $1 billion: 0.300% of average daily net assets on all assets up to $3 billion; 0.275% of average daily net assets over $3 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: June 13, 2022