EX-99.D ADVSR CONTR 8 f10438d8.htm D18B - AMENDED SUBADVISORY AGREEMENT - AST T. ROWE PRICE ASSET ALLOCATION d18b - Amended Subadvisory Agreement - AST T. Rowe Price Asset Allocation

Execution Version 

Amendment to Subadvisory Agreement  

for AST T. ROWE PRICE ASSET ALLOCATION PORTFOLIO 

  

AST Investment Services, Inc., PGIM Investments LLC (formerly Prudential Investments LLC) (collectively, the “Manager”) and T. Rowe Price Associates, Inc. (the “Subadviser”) hereby agree to amend the Subadvisory Agreement, dated as of May 1, 2003, as amended February 1, 2016, by and among the Manager and the Subadviser, pursuant to which the Subadviser has been retained to provide investment advisory services to the AST T. Rowe Price Asset Allocation 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 T. Rowe Price Associates, Inc. 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 

  

  

  

T. Rowe price associates, inc. 

  

By: /s/ Terence Baptiste 

Name: Terence Baptiste 

Title: Vice President 

  

  

  

  

Effective Date as Revised: October 18, 2021 

  

 

SCHEDULE A 

  

Advanced Series Trust 

  

AST T. Rowe Price Asset Allocation Portfolio
 

As compensation for services provided by T. Rowe Price Associates, Inc. (“T. Rowe Price”), AST Investment Services, Inc. and PGIM Investments LLC (collectively, “Manager”), as applicable, will pay T. Rowe Price a subadvisory fee on the net assets managed by T. Rowe Price that is equal, on an annualized basis, to the following:  

  

Portfolio 

Subadvisory Fee* 

AST T. Rowe Price Asset Allocation Portfolio 

  

  

For assets up to $15 billion 

0.50% first $25 million
0.35% from $25 million to $50 million
0.26% from $50 million to $10 billion 

0.25% from $10 billion to $15 billion 

  

For assets in excess of $15 billion 

0.23% on all assets 

  

* In the event T. Rowe Price invests Portfolio assets in other pooled investment vehicles it manages or subadvises, T. Rowe Price will waive its subadvisory fee for the Portfolio in an amount equal to the acquired fund fee paid to T. Rowe Price 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:  October 18, 2021