Prudential Investment Portfolios, Inc. 10 PGIM Jennison Equity Income Fund (formerly, Prudential Jennison Equity Income Fund) AMENDMENT TO SUBADVISORY AGREEMENT
Prudential Investment Portfolios, Inc. 10
PGIM Xxxxxxxx Equity Income Fund
(formerly, Prudential Xxxxxxxx Equity Income Fund)
AMENDMENT TO SUBADVISORY AGREEMENT
Amendment to Subadvisory Agreement made this 1st day of July 2018 between PGIM Investments LLC (the Manager) (formerly, Prudential Investments LLC) and Xxxxxxxx Associates LLC (Xxxxxxxx).
WHEREAS the Manager and Xxxxxxxx have mutually agreed to revise Schedule A of the Subadvisory Agreement, in order to reduce the subadvisory fee rate pursuant to which the Manager compensates Xxxxxxxx for the services provided by Xxxxxxxx to the PGIM Xxxxxxxx Equity Income Fund under the Subadvisory Agreement;
NOW THEREFORE, the parties mutually agree as follows:
1. Effective as of July 1, 2018, the subadvisory fee rate schedule appearing in Schedule A is hereby deleted in its entirety, and is replaced with the following new subadvisory fee rate schedule:
0.385% on average daily net assets up to $500 million;
0.36% on average daily net assets from $500 million to $1 billion;
0.34% on average daily net assets from $1 billion to $3 billion;
0.33% on average daily net assets from $3 billion to $5 billion;
0.32% over $5 billion of average daily net assets.
2. The Subadvisory 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.
PGIM INVESTMENTS LLC
By: /s/ Xxxxx X. Xxxxxxxx
Xxxxx X. Xxxxxxxx, Executive Vice President
XXXXXXXX ASSOCIATES LLC
By: /s/ Xxxxxxx Xxxxx
Xxxxxxx Xxxxx, Chief Operating Officer and Executive Vice President
