Amendment to Subadvisory Agreement for GLOBAL PORTFOLIO OF THE PRUDENTIAL SERIES FUND
Execution Version
Amendment to Subadvisory Agreement
for GLOBAL PORTFOLIO OF THE PRUDENTIAL SERIES FUND
PGIM Investments LLC (formerly, Prudential Investments LLC) and LSV Asset Management (the “Subadviser”) hereby agree to amend the subadvisory agreement (including any amendments or supplements) listed below (collectively, the “Agreement”), by amending Schedule A to such Agreement (“Schedule A”). Schedule A addresses the level of subadvisory fees paid by the Manager to the Subadviser under the Agreement. Schedule A is hereby replaced in its entirety with the attached Amended Schedule A, effective as of January 1, 2019.
The Agreement affected by this Amendment consists of the following:
|
1. |
Subadvisory Agreement, dated as of January 1, 2006, between Prudential Investments LLC and the |
the Subadviser, pursuant to which the Subadviser has been retained to provide investment advisory services to the Global Portfolio of The Prudential Series Fund.
|
2. |
Amendment to Subadvisory Agreement, dated January 1, 2007, between Prudential Investments LLC and the Subadviser to amend Schedule A. |
IN WITNESS HEREOF, PGIM Investments LLC and LSV Asset Management have duly executed this Amendment as of the effective date of this Amendment.
PGIM INVESTMENTS LLC
By: /s/ Xxxxxxx Xxxxxx
Name: Xxxxxxx Xxxxxx
Title: Senior Vice President
LSV ASSET MANAGEMENT
By: /s/ Xxxxx Xxxxxx
Name: Xxxxx Xxxxxx
Title: COO
Effective Date as Revised: January 1, 2019
SCHEDULE A
Global Portfolio
As compensation for services provided by LSV Asset Management (“LSV”), PGIM Investments LLC (“Manager”) will pay LSV an advisory fee on the net assets managed by LSV* that is equal, on an annualized basis, to the following:
|
Portfolio |
Subadvisory Fee** |
|
Global Portfolio* |
Under $2 billion 0.45% of average daily net assets to $150 million; 0.425% of average daily net assets over $150 million to $300 million; 0.40% of average daily net assets over $300 million to $450 million; 0.375% of average daily net assets over $450 million to $750 million; 0.35% of average daily net assets over $750 million Over $2 billion 0.35% on all assets |
* For purposes of calculating the advisory fee payable to LSV, the assets managed by LSV in the following will be aggregated: (i) the AST Advanced Strategies Portfolio of Advanced Series Trust; (ii) the AST International Value Portfolio of Advanced Series Trust; (iii) the Global Portfolio of The Prudential Series Fund; and (iv) any other portfolio subadvised by LSV on behalf of the Manager pursuant to substantially the same investment strategy.
** In the event LSV invests Portfolio assets in other pooled investment vehicles it manages or subadvises, LSV will waive its subadvisory fee for the Portfolio in an amount equal to the acquired fund fee paid to LSV 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: January 1, 2019
