PRUDENTIAL INVESTMENT PORTFOLIOS 2 Prudential Commodity Strategies Fund AMENDMENT TO MANAGEMENT AGREEMENT
PRUDENTIAL INVESTMENT PORTFOLIOS 2
Prudential Commodity Strategies Fund
AMENDMENT TO MANAGEMENT AGREEMENT
Amendment to Management Agreement made this 12th day of February, 2018 between Prudential Investment Portfolios 2 (PIP 2), on behalf of its separate investment series, Prudential Commodity Strategies Fund (the Fund), and PGIM Investments LLC (the Manager) (formerly, Prudential Investments LLC).
WHEREAS, PIP 2 and the Manager have mutually agreed to reduce the management fee rate pursuant to which PIP 2 compensates the Manager for the services provided by the Manager to the Fund under the Management Agreement;
NOW THEREFORE, the parties mutually agree as follows:
1. The management fee rate schedule applicable to the Fund appearing in Schedule A to the Management Agreement dated November 1, 2016 is hereby deleted in its entirety and is replaced with the following new management fee rate schedule applicable to the Fund:
Fund |
Annual Fee Rate |
Prudential Commodity Strategies Fund |
0.40% on average daily net assets |
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 INVESTMENT PORTFOLIOS 2
By: /s/ Xxxxxx Xxxxxx
Name: Xxxxxx Xxxxxx
Title: President
PGIM INVESTMENTS LLC
By: /s/ Xxxxx X. Xxxxxxxx
Name: Xxxxx X. Xxxxxxxx
Title: Executive Vice President