Prudential Investment Portfolios, Inc. 17 PGIM Total Return Bond Fund AMENDMENT TO MANAGEMENT AGREEMENT
Prudential Investment Portfolios, Inc. 17
PGIM Total Return Bond Fund
AMENDMENT TO MANAGEMENT AGREEMENT
Amendment to Management Agreement made this 1st day of July, 2020 between Prudential Investment Portfolios, Inc. 17 (PIP 17), on behalf of its series, PGIM Total Return Bond Fund, and PGIM Investments LLC (the Manager).
WHEREAS PIP 17 and the Manager have mutually agreed to revise Schedule A of the Management Agreement, in order to reduce the management fee rate pursuant to which PIP 17 compensates the Manager for the services provided by the Manager to PGIM Total Return Bond Fund under the Management Agreement;
NOW THEREFORE, the parties mutually agree as follows:
1. The management fee rate schedule appearing in Schedule A is hereby deleted in its entirety and is replaced with the following new management fee rate schedule applicable to PGIM Total Return Bond Fund:
0.44% of average daily net assets up to $1 billion;
0.42% of average daily net assets from $1 billion to $3 billion;
0.40% of average daily net assets from $3 billion to $5 billion;
0.39% of average daily net assets from $5 billion to $10 billion;
0.38% of average daily net assets from $10 billion to $50 billion;
0.37% of average daily net assets from $50 billion to $100 billion;
0.36% over $100 billion.
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 PORTOLIOS, INC. 17
By: /s/ Xxxxx X. Xxxxxxxx
Xxxxx X. Xxxxxxxx, Vice President
PGIM INVESTMENTS LLC
By: /s/ Xxxxxx X. Xxxxxx
Xxxxxx X. Xxxxxx, President
