Exhibit 99.(6)(b)
PGIM Investments LLC
655 Broad Street
Newark, New Jersey 07102
November 3, 2022
The Board of Trustees of The Prudential Series Fund
655 Broad Street
Newark, New Jersey 07102
Re: Contractual Fee Waivers for The Prudential Series Fund
Dear Trustees:
PGIM Investments LLC (the "Manager") hereby agrees to cap expenses / reimburse certain expenses and/or waive a portion of its investment management fee as more particularly described and set forth for the Portfolio of The Prudential Series Fund (the “Trust”), as listed on Exhibit A attached hereto.
| Very truly yours, | |
| | |
| PGIM Investments LLC | |
| | |
| By: | /s/ Timothy S. Cronin | |
| Name: | Timothy S. Cronin | |
| Title: | Senior Vice President | |
Exhibit A
PSF PGIM Flexible Managed Portfolio: The Manager has contractually agreed to waive a portion of its management fee and/or reimburse certain expenses of the Portfolio so that the Portfolio’s management fee plus other expenses (exclusive in all cases of distribution and/or service (12b-1) fees, administration fees, 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 0.61% of the Portfolio’s average daily net assets through June 30, 2024. Where applicable, the Manager agrees to waive management fees or shared operating expenses on any share class to the same extent that it waives such expenses on any other share class. 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.
