Amendment to Subadvisory Agreement for AST COHEN & STEERS REALTY PORTFOLIO
Amendment to Subadvisory Agreement
for AST XXXXX & STEERS REALTY PORTFOLIO
AST Investment Services, Inc. and Prudential Investments LLC (collectively, the “Investment Manager”) and Xxxxx & Steers Capital Management, Inc. (“Sub-Adviser”) hereby agree to amend the Subadvisory Agreement, dated as of May 1, 2003, by and among AST Investment Services, Inc., the Investment Manager, and Sub-Adviser, pursuant to which Sub-Adviser has been retained to provide investment advisory services to the AST Xxxxx & Steers Realty Portfolio as follows;
1. | Exhibit A is hereby deleted and replaced with the attached Schedule A. |
IN WITNESS HEREOF, Investment Manager and Sub-Adviser have duly executed this Amendment as of the effective date of this Amendment.
AST Investment Services, Inc.
By: /s/ Xxxxxxx Xxxxxx
Name: Xxxxxxx Xxxxxx
Title: Vice President
PRUDENTIAL INVESTMENTS LLC
By: /s/ Xxxxxxx Xxxxxx
Name: Xxxxxxx Xxxxxx
Title: Vice President
Xxxxx & steers capital management, Inc.
By: /s/ Xxxxxxx X. Xxxxxxxxxx
Name: Xxxxxxx X. Xxxxxxxxxx
Title: Executive Vice President
Effective Date as Revised:
May 1, 2017
SCHEDULE A
AST Xxxxx & Steers Realty Portfolio
As compensation for services provided by Sub-Adviser, AST Investment Services, Inc. and Investment Manager, as applicable, will pay Sub-Adviser an advisory fee on the net assets managed by Sub-Adviser that is equal, on an annualized basis, to the following:
Portfolio Name | Advisory Fee* |
AST Xxxxx & Steers Realty Portfolio | 0.30% of average daily net assets to $350 million; 0.25% of average daily net assets over $350 million; |
* In the event Sub-Adviser invests Portfolio assets in other pooled investment vehicles it manages or subadvises, Sub-Adviser will waive its subadvisory fee for the Portfolio in an amount equal to the acquired fund fee paid to Sub-Adviser 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: May 1, 2017