Execution Version
AMENDMENT TO SUBADVISORY AGREEMENT
FOR AST ADVANCED STRATEGIES PORTFOLIO OF
ADVANCED SERIES TRUST
AST Investment Services, Inc., a Maryland corporation, PGIM Investments LLC, a New York limited liability company (collectively, the “Manager”) and J.P. Morgan Investment Management Inc., a Delaware corporation (“J.P. Morgan” or the “Subadviser”) hereby agree to amend the Subadvisory Agreement, dated as of November 10, 2023, by and among the Manager and the Subadviser, pursuant to which the Subadviser has been retained to provide investment advisory services to the AST Advanced Strategies Portfolio, as follows;
1. Schedule A is hereby deleted and replaced with the attached Schedule A.
IN WITNESS HEREOF, AST Investment Services, Inc., PGIM Investments LLC and J.P. Morgan Investment Management Inc. have duly executed this Amendment as of the effective date of this Amendment.
AST INVESTMENT SERVICES, INC.
By: /s/ Timothy Cronin
Name: Timothy S. Cronin
Title: President
PGIM INVESTMENTS LLC
By: /s/ Timothy Cronin
Name: Timothy S. Cronin
Title: Senior Vice President
J.P. MORGAN INVESTMENT MANAGEMENT INC.
By: /s/ Bootsie Beeks
Name: Bootsie Beeks
Title: Vice President
Effective Date as Revised: December 9, 2024
SCHEDULE A
Advanced Series Trust
AST Advanced Strategies Portfolio
As compensation for services provided by J.P. Morgan Investment Management Inc. (J.P. Morgan), AST Investment Services, Inc. and PGIM Investments LLC will pay J.P. Morgan a subadvisory fee on the net assets managed by J.P. Morgan that is equal, on an annualized basis, to the following:
Portfolio |
Subadvisory Fee* |
AST Advanced Strategies Portfolio |
For Large Cap Core: |
|
0.195% of average daily net assets on all assets |
|
For Global Fixed Income: |
|
0.17% of average daily net assets |
|
|
*In the event J.P. Morgan invests its Allocated Assets in any other pooled investment vehicle it manages or subadvises, J.P. Morgan will waive its subadvisory fee hereunder in an amount equal to the acquired fund fee paid to J.P. Morgan with respect to the Allocated Assets so invested. Notwithstanding the foregoing, under no circumstances will the subadvisory fee waivers referred to in the preceding sentence exceed 100% of the subadvisory fee.
Effective Date as Revised: December 9, 2024
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