Amendment to Subadvisory Agreement for AST J.P. MORGAN GLOBAL THEMATIC PORTFOLIO
Amendment to Subadvisory Agreement
for AST ▇.▇. ▇▇▇▇▇▇ 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, ▇▇▇▇▇▇ 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 ▇.▇. ▇▇▇▇▇▇ 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 ▇.▇. ▇▇▇▇▇▇ Investment Management, Inc. have duly executed this Amendment as of the effective date of this Amendment.
AST Investment Services, Inc.
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: President
PGIM INVESTMENTS LLC
By: s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: President
▇.▇. ▇▇▇▇▇▇ investment management, inc.
By: /s/ ▇▇▇▇▇▇▇▇ ▇▇▇
Name: ▇▇▇▇▇▇▇▇ ▇▇▇
Title: Vice President
Effective Date as Revised: November 1, 2022
SCHEDULE A
AST ▇.▇. ▇▇▇▇▇▇ Global Thematic Portfolio (the “Portfolio”)
As compensation for services provided by ▇.▇. ▇▇▇▇▇▇ Investment Management, Inc. (“▇.▇. ▇▇▇▇▇▇”), AST Investment Services, Inc. and PGIM Investments LLC (collectively, the “Co-Managers”), as applicable, will pay ▇.▇. ▇▇▇▇▇▇ an advisory fee on the net assets managed by ▇.▇. ▇▇▇▇▇▇ that is equal, on an annualized basis, to the following:
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Portfolio |
Proposed Subadvisory Fee* |
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AST ▇.▇. ▇▇▇▇▇▇ 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 ▇.▇. ▇▇▇▇▇▇ invests Portfolio assets in other pooled investment vehicles it manages or subadvises, ▇.▇. ▇▇▇▇▇▇ will waive its subadvisory fee for the Portfolio in an amount equal to the acquired fund fee paid to ▇.▇. ▇▇▇▇▇▇ 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