Amendment to Subadvisory Agreement for AST BLACKROCK GLOBAL STRATEGIES PORTFOLIO
Amendment to Subadvisory Agreement
for AST BLACKROCK GLOBAL STRATEGIES PORTFOLIO
AST Investment Services, Inc. and PGIM Investments LLC and BlackRock Financial Management, Inc. (“Subadviser”) hereby agree to amend the Subadvisory Agreement, dated as of March 18, 2011, by and among AST Investment Services, Inc., PGIM Investments LLC (formerly, Prudential Investments LLC), and Subadviser (the “Subadvisory Agreement”), pursuant to which Subadviser has been retained to provide investment advisory services to the AST BlackRock Global Strategies Portfolio as follows;
1. | Schedule A of the Subadvisory Agreement is hereby deleted and replaced with the attached Schedule A. |
IN WITNESS HEREOF, AST Investment Services, Inc., PGIM Investments LLC, and BlackRock Financial Management, Inc., LLC have duly executed this Amendment as of the effective date of this Amendment.
AST Investment Services, Inc.
By: /s/ Xxxxxx Xxxxxxx
Name: Xxxxxx Xxxxxxx
Title: Vice President
PGIM INVESTMENTS LLC
By: /s Xxxxxx Xxxxxxx
Name: Xxxxxx Xxxxxxx
Title: Vice President
BLACKROCK FINANCIAL MANAGEMENT, Inc.
By: /s/ Xxxxxxxxx Xxxxxxx
Name: Xxxxxxxxx Xxxxxxx
Title: Director
Effective Date as Revised: December 1, 2017
SCHEDULE A
AST BlackRock Global Strategies Portfolio
As compensation for services provided by BlackRock Financial Management, Inc. (“BlackRock”), AST Investment Services, Inc. and PGIM Investments LLC, as applicable, will pay BlackRock an advisory fee on the net assets managed by BlackRock that is equal, on an annualized basis, to the following:
Portfolio Name | Advisory Fee* |
AST BlackRock Global Strategies Portfolio |
0.45% of average daily net assets to $500 million; 0.42% of average daily net assets over $500 million to $1 billion; 0.38% of average daily net assets over $1 billion to $2 billion; 0.30% of average daily net assets over $2 billion to $3 billion; 0.275% of average daily net assets over $3 billion to $4 billion; 0.25% of average daily net assets over $4 billion
|
* In the event BlackRock invests Portfolio assets in a pooled investment vehicle advised or subadvised by BlackRock (an “Affiliated Fund”), BlackRock will waive its subadvisory fee for the Portfolio in an amount equal to the advisory fee or subadvisory fee paid to BlackRock with respect to the Portfolio assets invested in such Affiliated Fund. Notwithstanding the foregoing, the subadvisory fee waivers will not exceed 100% of the subadvisory fee.
Effective Date as Revised: December 1, 2017