PGIM Investments LLC 655 Broad Street—17th Floor Newark, New Jersey 07102Fee Waiver Agreement • September 27th, 2017 • Target Portfolio Trust
PGIM Investments has entered into an agreement that will waive fees in an amount up to .01% of the Fund’s average daily net assets through November 30, 2018, to the extent that the Fund’s net annual operating expenses and acquired fund fees and expenses (exclusive of taxes, interest, distribution and service (12b-1) fees and certain extraordinary expenses) exceed .68% of the Fund’s average daily net assets on an annualized basis.
