Amendment to Subadvisory Agreement for AST ADVANCED STRATEGIES PORTFOLIO
Amendment to Subadvisory Agreement
for AST ADVANCED STRATEGIES PORTFOLIO
AST Investment Services, Inc. and Prudential Investments LLC and X. Xxxx Price Associates, Inc. (“Subadviser”) hereby agree to amend the Subadvisory Agreement, dated as of March 20, 2006, by and among AST Investment Services, Inc., Prudential Investments LLC, and Subadviser, pursuant to which Subadviser has been retained to provide investment advisory services to the AST Advanced Strategies Portfolio as follows:
1. | Schedule A is hereby deleted and replaced with the attached Schedule A. |
IN WITNESS HEREOF, AST Investment Services, Inc., Prudential Investments LLC, and X. Xxxx Price Associates, Inc. have duly executed this Amendment as of the effective date of this Amendment.
AST Investment Services, Inc.
By: /s/ Xxxxxxx Xxxxx
Name: Xxxxxxx Xxxxx
Title: Vice President
PRUDENTIAL INVESTMENTS LLC
By: /s/ Xxxxxxx Xxxxx
Name: Xxxxxxx Xxxxx
Title: Vice President
X. Xxxx Price Associates, Inc.
By: /s/ Xxxxxxx X. Xxxxxxxx
Name: Xxxxxxx X. Xxxxxxxx
Title: Vice President
Effective Date as Revised: October 17, 2016
SCHEDULE A
AST Advanced Strategies Portfolio
As compensation for services provided by X. Xxxx Price Associates, Inc., AST Investment Services, Inc. and Prudential Investments LLC, as applicable, will pay X. Xxxx Price Associates, Inc. a sub-advisory fee on the net assets managed by X. Xxxx Price Associates, Inc.* that is equal, on an annualized basis, to the following:
Portfolio Name | Advisory Fee** |
AST Advanced Strategies Portfolio (the “Portfolio”) |
Sleeve average daily net assets up to $100 million:
|
* For purposes of calculating the subadvisory fee, the assets of the Portfolio will be aggregated with the US Large-Cap Value Equity Strategy assets of all other Prudential entities (including the assets of certain insurance company separate accounts managed by X. Xxxx Price Associates, Inc. for the Retirement business of Prudential and its affiliates) that are managed by X. Xxxx Price Associates, Inc..
** In the event X. Xxxx Price invests Portfolio assets in other pooled investment vehicles it manages or subadvises, X. Xxxx Price will waive its subadvisory fee for the Portfolio in an amount equal to the acquired fund fee paid to X. Xxxx Price 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: October 17, 2016