Prudential Investment Portfolios, Inc. 17 PGIM Short Duration Multi-Sector Bond Fund AMENDMENT TO MANAGEMENT AGREEMENT
Prudential Investment Portfolios, Inc. 17
PGIM Short Duration Multi-Sector Bond Fund
AMENDMENT TO MANAGEMENT AGREEMENT
Amendment to Management Agreement made this 13th day of December, 2019 between Prudential Investment Portfolios, Inc. 17 (PIP 17), on behalf of its series, PGIM Short Duration Multi-Sector 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 Short Duration Multi-Sector 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 Short Duration Multi-Sector Bond Fund:
0.320% on average daily net assets up to $5 billion;
0.310% on average daily net assets over $5 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
