Amendment to Subadvisory Agreement for AST J.P. MORGAN GLOBAL THEMATIC PORTFOLIO
Amendment to Subadvisory Agreement
for AST X.X. XXXXXX GLOBAL THEMATIC PORTFOLIO
PGIM Investments LLC (formerly Prudential Investments LLC), AST Investment Services, Inc., PGIM Investments LLC (formerly Prudential Investments LLC) (collectively, the “Co-Managers”) and J.P, Xxxxxx Investment Management, Inc. (“Subadviser”) hereby agree to amend the Subadvisory Agreement, dated as July 12, 2012, by and among the Co-Managers and Subadviser, pursuant to which Subadviser has been retained to provide investment advisory services to the AST X.X. Xxxxxx Global Thematic Portfolio as follows:
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1. |
Exhibit A is hereby deleted and replaced with the attached Schedule A. |
IN WITNESS HEREOF, AST Investment Services, Inc., PGIM Investments LLC, and X.X. Xxxxxx Investment Management, Inc. have duly executed this Amendment as of the effective date of this Amendment.
AST Investment Services, Inc.
By: /s/ Xxxxxxx Xxxxxx
Name: Xxxxxxx X. Xxxxxx
Title: President
PGIM INVESTMENTS LLC
By: s/ Xxxxxxx Xxxxxx
Name: Xxxxxxx X. Xxxxxx
Title: President
X.X. Xxxxxx investment management, inc.
By: /s/ Xxxxxxxx Xxx
Name: Xxxxxxxx Xxx
Title: Vice President
Effective Date as Revised: November 1, 2022
SCHEDULE A
AST X.X. Xxxxxx Global Thematic Portfolio (the “Portfolio”)
As compensation for services provided by X.X. Xxxxxx Investment Management, Inc. (“X.X. Xxxxxx”), AST Investment Services, Inc. and PGIM Investments LLC (collectively, the “Co-Managers”), as applicable, will pay X.X. Xxxxxx an advisory fee on the net assets managed by X.X. Xxxxxx that is equal, on an annualized basis, to the following:
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Portfolio |
Proposed Subadvisory Fee* |
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AST X.X. Xxxxxx Global Thematic Portfolio** |
0.35% of average daily net assets to $600 million; 0.25% of average daily net assets over $600 million
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* In the event X.X. Xxxxxx invests Portfolio assets in other pooled investment vehicles it manages or subadvises, X.X. Xxxxxx will waive its subadvisory fee for the Portfolio in an amount equal to the acquired fund fee paid to X.X. Xxxxxx 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: November 1, 2022
