Amendment to Subadvisory Agreement for AST CORE FIXED INCOME Portfolio OF ADVANCED SERIES TRUST
Exhibit 99.(6)(l)(ii)
Execution Version
Amendment to Subadvisory Agreement
for AST CORE FIXED INCOME Portfolio OF
AST Investment Services, Inc., PGIM Investments LLC (collectively, the "Manager"), and PGIM, Inc., a New Jersey Corporation and PGIM Limited, a United Kingdom limited company (collectively the "Subadviser") hereby agree to amend the Subadvisory Agreement, dated as of January 12, 2022, by and among the Manager and the Subadviser, pursuant to which the Subadviser has been retained to provide investment advisory services to the AST Core Fixed Income 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, PGIM, Inc., and PGIM Limited have duly executed this Amendment as of the effective date of this Amendment.
AST INVESTMENT SERVICES, INC. | ||
By: | /s/ Xxxxxxx Xxxxxx | |
Name: | Xxxxxxx Xxxxxx | |
Title: | President | |
PGIM INVESTMENTS LLC | ||
By: | /s/ Xxxxxxx Xxxxxx | |
Name: | Xxxxxxx Xxxxxx | |
Title: | Senior Vice President | |
PGIM, Inc. | ||
By: | /s/ Xxxxxxxx X. Xxxxxxxxx | |
Name: | Xxxxxxxx X. Xxxxxxxxx | |
Title: | Vice President | |
PGIM LIMITED | ||
By: | /s/ Xxxxx XxXxxxxx | |
Name: | Xxxxx XxXxxxxx | |
Title: | Director, PGIM Ltd |
Effective Date as Revised: September 27, 2024
SCHEDULE A
AST Core Fixed Income Portfolio
As compensation for services provided by PGIM Fixed Income, a business unit of PGIM, Inc., and PGIM Limited (collectively for purposes of this Schedule A referred to as "PGIM"), PGIM Investments LLC and AST Investment Services, Inc. will pay PGIM a subadvisory fee on the net assets managed by PGIM that is equal, on an annualized basis, to the following:
Portfolio | Subadvisory Fee* |
AST Core Fixed Income Portfolio | 0.130% of average daily net assets |
* In the event PGIM invests Portfolio assets in other pooled investment vehicles it manages or subadvises, PGIM will waive its subadvisory fee for the Portfolio in an amount equal to the acquired fund fee paid to PGIM 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: September 27, 2024
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