PRUDENTIAL INVESTMENT PORTFOLIOS, INC. 14 PGIM Government Income Fund AMENDMENT TO SUBADVISORY AGREEMENT
PRUDENTIAL INVESTMENT PORTFOLIOS, INC. 14
PGIM Government Income Fund
AMENDMENT TO SUBADVISORY AGREEMENT
Amendment to Subadvisory Agreement made this 13th day of December, 2019, between PGIM Investments LLC (the Manager) and PGIM, Inc. (PGIM).
WHEREAS the Manager and PGIM 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 PGIM for the services provided by PGIM to the PGIM Government Income Fund under the Subadvisory Agreement;
NOW THEREFORE, the parties mutually agree as follows:
1. Effective as of December 13, 2019, 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:
0.235% on average daily net assets up to $1 billion;
0.20% on average daily net assets over $1 billion to $2 billion;
0.15% on average daily net assets over $2 billion to $3 billion;
0.13% on average daily net assets over $3 billion.
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/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, Executive Vice President
PGIM, INC.
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, Vice President