AMENDMENT TO SUBADVISORY AGREEMENT
PGIM Xxxxxxxx Emerging Markets Equity Opportunities Fund
AMENDMENT TO SUBADVISORY AGREEMENT
This Amendment to Subadvisory Agreement, dated and effective as of May 14, 2021, is entered into between Xxxxxxxx Associates LLC ("Xxxxxxxx" or the "Subadviser") and PGIM Investments LLC (the "Manager").
WHEREAS, Xxxxxxxx and the Manager entered into a Subadvisory Agreement (the "Subadvisory Agreement") dated July 28, 2014, with respect to the PGIM Xxxxxxxx Emerging Markets Equity Opportunities Fund (the "Fund") (formerly known as the Prudential Xxxxxxxx Emerging Markets Equity Fund); and
WHEREAS Xxxxxxxx and the Manager 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 Fund under the Subadvisory Agreement.
NOW THEREFORE, the parties mutually agree as follows:
1.Effective as of May 14, 2021, the subadvisory fee rate schedule appearing in Schedule A of the Subadvisory Agreement is hereby deleted in its entirety and is replaced with the following new subadvisory fee rate schedule:
Subadvisory Fee Rate:
0.50% of the Fund's 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.
XXXXXXXX ASSOCIATES LLC
By: /s/ Xxxxxxx X. Xxxx
Xxxxxxx X. Xxxx, Managing Director
PGIM INVESTMENTS LLC
By: /s/ Xxxxx X. Xxxxxxxx
Xxxxx X. Xxxxxxxx, Executive Vice President
