Amendment to SUBADVISORY Agreement for AST J.P. MORGAN TACTICAL PRESERVATION PORTFOLIO OF
Amendment to SUBADVISORY Agreement
for AST X.X. XXXXXX TACTICAL PRESERVATION PORTFOLIO OF
AST Investment Services, Inc., PGIM Investments LLC (formerly Prudential Investments LLC) (collectively, the “Manager”) and X.X. Xxxxxx Investment Management, Inc. (the “Subadviser”) hereby agree to amend the Subadvisory Agreement, dated as of February 11, 2010, as amended October 1, 2015 and December 31, 2020, 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.X. Xxxxxx Tactical Preservation Portfolio (formerly, AST X.X. Xxxxxx Strategic Opportunities Portfolio), as follows;
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1. |
All references to “AST X.X. Xxxxxx Strategic Opportunities Portfolio” are hereby changed to “AST X.X. Xxxxxx Tactical Preservation Portfolio”; and |
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2. |
Schedule A is hereby deleted and replaced with the attached Schedule A. |
IN WITNESS HEREOF, AST Investment Services, Inc., PGIM Investments LLC, and X.X. Xxxxxx Investment Management, 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.X. XXXXXX INVESTMENT MANAGEMENT, INC.
By: /s/ Xxxxx Xxxxxx
Name: Xxxxx Xxxxxx
Title: Vice President
Effective Date as Revised: February 22, 2021
SCHEDULE A
AST X.X. Xxxxxx Strategic Opportunities Portfolio
As compensation for services provided by X.X. Xxxxxx Investment Management, Inc. (“JPIM”), AST Investment Services, Inc. and PGIM Investments LLC, as applicable, will pay JPIM an advisory fee on the net assets managed by JPIM that is equal, on an annualized basis, to the following:
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Portfolio |
Subadvisory Fee* |
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AST X.X. Xxxxxx Tactical Preservation Portfolio |
0.35% of average daily net assets to $600 million; |
* In the event JPIM invests Portfolio assets in other pooled investment vehicles it manages or subadvises, JPIM will waive its subadvisory fee for the Portfolio in an amount equal to the acquired fund fee paid to JPIM 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: February 22, 2021
