Amendment to Subadvisory Agreement for GLOBAL PORTFOLIO OF THE PRUDENTIAL SERIES FUND
Execution Version
Amendment to Subadvisory Agreement
for GLOBAL PORTFOLIO OF THE PRUDENTIAL SERIES FUND
PGIM Investments LLC (formerly, Prudential Investments LLC) (the “Manager”) and X. Xxxx Price Associates, Inc. (the “Subadviser”) hereby agree to amend the subadvisory agreement (including any amendments or supplements) listed below (collectively, the “Agreement”) by amending Schedule A to such Agreement (“Schedule A”). Schedule A addresses the level of subadvisory fees paid by the Manager to the Subadviser under the Agreement. Schedule A is hereby replaced in its entirety with the attached Amended Schedule A, effective as of January 1, 2019.
The Agreement affected by this Amendment consists of the following:
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1. |
Subadvisory Agreement, dated as of January 1, 2006, between Prudential Investments LLC, and the |
Subadviser, pursuant to which the Subadviser has been retained to provide investment advisory services to the Global Portfolio of The Prudential Series Fund.
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2. |
Amendment to Subadvisory Agreement, dated as of October 17, 2016, between Prudential Investments LLC, and the Subadviser, to amend Schedule A. |
IN WITNESS HEREOF, PGIM Investments LLC, and X. Xxxx Price Associates, Inc. have duly executed this Amendment as of the effective date of this Amendment.
PGIM INVESTMENTS LLC
By: /s/ Xxxxxxx Xxxxxx
Name: Xxxxxxx Xxxxxx
Title: Vice President
X. Xxxx price associates, inc.
By: /s/ Xxxxxxx Xxxxxxxx
Name: Xxxxxxx Xxxxxxxx
Title: Vice President
Effective Date as Revised: January 1, 2019
SCHEDULE A
Global Portfolio
As compensation for services provided by X. Xxxx Price Associates, Inc. (“X. Xxxx Price”), PGIM Investments LLC will pay X. Xxxx Price an advisory fee on the net assets managed by X. Xxxx Price* that is equal, on an annualized basis, to the following:
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Portfolio |
Subadvisory Fee** |
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Global Portfolio* |
Portfolio daily net assets up to $100 million: When Portfolio average daily net assets exceed $100 million: When Portfolio average daily net assets exceed $200 million: When Portfolio average daily net assets exceed $500 million: When Portfolio average daily net assets exceed $1 billion: When Portfolio average daily net assets exceed $1.5 billion: When Portfolio average daily net assets exceed $4 billion: |
* 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 for the Retirement business of Prudential and its affiliates) that are managed by X. Xxxx Price.
** 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: January 1, 2019
