EX-99.D CONTRACTS 5 f8446d4.htm FEE WAIVERS AND/OR CONTRACTUAL EXPENSE CAPS FOR MULTIPLE AST PORTFOLIOS

PGIM Investments LLC 

655 Broad Street 

Newark, New Jersey 07102 

  

AST Investment Services, Inc. 

One Corporate Drive 

Shelton, Connecticut 06484 

  

The Board of Trustees of Advanced Series Trust 

655 Broad Street 

Newark, New Jersey 07102 

  

Re: Contractual Fee Waiver 

  

PGIM Investments LLC and AST Investment Services, Inc. (collectively, the "Manager") hereby agree to cap expenses / reimburse certain expenses and/or waive a portion of their investment management fees as more particularly described and set forth for the Portfolio listed on Exhibit A hereto. 

  

  

Very truly yours, 

  

  

PGIM Investments LLC
 

  

By: /s/ Timothy Cronin
Name:  

Timothy CroninTitle:Senior Vice President 

  

  

  

AST Investment Services, Inc.
 

  

By: /s/ Timothy Cronin 

Name:

Timothy Cronin 

Title:

President 

 

Exhibit A 

  

Effective February 22, 2021

  

AST BlackRock Global Strategies Portfolio: The Manager has contractually agreed to waive 0.0249% of its investment management fee through June 30, 2022. This arrangement may not be terminated or modified without the prior approval of the Trust's Board of Trustees. 

  

This replaces the 0.0529% and the 0.022% contractual waivers that were previously set to expire on June 30, 2021. 

  

AST J.P. Morgan Tactical Preservation Portfolio: The Manager has contractually agreed to waive a portion of its investment management fee and/or reimburse certain expenses of the Portfolio so that the Portfolio's investment management fee plus other expenses (exclusive, in all cases of, interest, brokerage, taxes (such as income and foreign withholding taxes, stamp duty and deferred tax expenses), extraordinary expenses, and certain other Portfolio expenses such as dividend and interest expense and broker charges on short sales) do not exceed 0.91% of the Portfolio's average daily net assets through June 30, 2022. Expenses waived/reimbursed by the Manager may be recouped by the Manager within the same fiscal year during which such waiver/reimbursement is made if such recoupment can be realized without exceeding the expense limit in effect at the time of the recoupment for that fiscal year. This arrangement may not be terminated or modified without the prior approval of the Trust's Board of Trustees. 

  

This replaces the 0.071% and the 0.011% contractual waivers that were previously set to expire on June 30, 2021. 

  

AST Mid-Cap Value Portfolio: The Manager has contractually agreed to waive 0.0051% of its investment management fee through June 30, 2022. In addition, the Manager has contractually agreed to waive a portion of its investment management fee and/or reimburse certain expenses of the Portfolio so that the Portfolio's investment management fee plus other expenses (exclusive, in all cases, of interest, brokerage, taxes (such as income and foreign withholding taxes, stamp duty and deferred tax expenses), extraordinary expenses, and certain other Portfolio expenses such as dividend and interest expense and broker charges on short sales) do not exceed 1.00% of the Portfolio's average daily net assets through June 30, 2022. Expenses waived/reimbursed by the Manager may be recouped by the Manager within the same fiscal year during which such waiver/reimbursement is made if such recoupment can be realized without exceeding the expense limit in effect at the time of the recoupment for that fiscal year. These arrangements may not be terminated or modified without the prior approval of the Trust's Board of Trustees. 

  

This replaces the 0.002% contractual waiver that was previously set to expire on June 30, 2021.