Prudential Investment Portfolios, Inc. 17 Prudential Total Return Bond Fund AMENDMENT TO MANAGEMENT AGREEMENT
Prudential Investment Portfolios,
Inc. 17
Prudential Total Return Bond Fund
AMENDMENT TO MANAGEMENT AGREEMENT
Amendment to Management Agreement made this 1st day of April, 2016, between Prudential Investment Portfolios, Inc. 17 (PIP 17),
on behalf of its series, Prudential Total Return Bond Fund, and Prudential 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 Prudential 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 Prudential Total Return Bond Fund:
0.44% on average daily net assets up to $1 billion;
0.42% on average daily net assets from $1 billion to $3 billion;
0.40% on average daily net assets from $3 billion to $5 billion;
0.39% on average daily net assets from $5 billion to $10 billion;
0.38% on average daily net assets over $10 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
PRUDENTIAL INVESTMENTS LLC
By: /s/ Xxxxxx X. Xxxxxx
Xxxxxx X. Xxxxxx, President