EX-99 5 f685_d5-SEC.htm AMENDED SUBADVISORY AGREEMENT - AST MFS GROWTH PORTFOLIO

Execution Version 

Amendment to Subadvisory Agreement  

for AST MFS GROWTH PORTFOLIO 

  

AST Investment Services, Inc. and PGIM Investments LLC and Massachusetts Financial Services Company (“Subadviser”) hereby agree to amend the Subadvisory Agreement, dated as May 1, 2003, as amended December 13, 2008 and October 1, 2011, by and among AST Investment Services, Inc., PGIM Investments LLC (formerly Prudential Investments LLC), and Subadviser, pursuant to which Subadviser has been retained to provide investment advisory services to the AST MFS Growth Portfolio as follows; 

  

1.

Exhibit A is hereby deleted and replaced with the attached Exhibit A.   

  

     IN WITNESS HEREOF, AST Investment Services, Inc., PGIM Investments LLC, and Massachusetts Financial Services Company have duly executed this Amendment as of the effective date of this Amendment. 

 

 

                                                                     AST INVESTMENT SERVICES, INC.

  

  

By: /s/ Timothy Cronin 

Name: Timothy Cronin 

Title: President 

 

                                                                     PGIM INVESTMENTS LLC 

  

  

By: /s/ Timothy Cronin 

Name: Timothy Cronin 

Title: Senior Vice President 

  

 

                                                                     MASSACHUSETTS FINANCIAL SERVICES COMPANY 

  

  

By: /s/ Carol Geremia 
                                                                                Name: Carol Geremia 

Title: President 

  

  

Effective Date as Revised: April 30, 2018  
 

  

 

EXHIBIT A 

  

Advanced Series Trust 

AST MFS Growth Portfolio
 

As compensation for services provided by Massachusetts Financial Services Company (“MFS”), AST Investment Services, Inc. (“ASTIS”) and PGIM Investments LLC (“PGIM Investments”), as applicable, will pay MFS an advisory fee on the net assets managed by MFS that is equal, on an annualized basis, to the following:  

  

Portfolio 

Proposed Subadvisory Fee* 

AST MFS Growth Portfolio 

0.30% of average daily net assets up to $500 million; 

0.285% of the next $500 million; 

0.270% of the next $500 million; 

0.225% of average daily net assets over $1.5 billion 

  

* In the event MFS invests Portfolio assets in other pooled investment vehicles it manages or subadvises, MFS will waive its subadvisory fee for the Portfolio in an amount equal to the acquired fund fee paid to MFS with respect to the Portfolio assets invested in such acquired fund.  Notwithstanding the foregoing, the subadvisory fee waiver will not exceed 100% of the subadvisory fee.  

  

  

  

Effective Date as Revised:  April 30, 2018