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Subadvisory Agreement

 

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Title:

Subadvisory Agreement

Entities:

Prudential World Fund Inc; Wachovia Capital Markets, LLC

Date:

2004

Size:

Preview shows 4KB of 19KB total

Price:

$34

ID:

#2422860

 

 

► Securities ► Advisory ► Sub-Advisory Agreements
► Financial

 

 

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                           PRUDENTIAL WORLD FUND, INC.

DRYDEN INTERNATIONAL EQUITY FUND


SUBADVISORY AGREEMENT

Agreement made as of this 3rd day of December 2003 between Prudential
Investments LLC (PI or the Manager), a New York limited liability company and
Prudential Investment Management, Inc. (PIM or the Subadviser),

WHEREAS, the Manager has entered into a Management Agreement (the Management
Agreement) dated March 28, 2001 with Prudential World Fund, Inc., a Maryland
corporation (the Fund) and a diversified, open-end management investment company
registered under the Investment Company Act of 1940 as amended (the 1940 Act),
pursuant to which PI acts as Manager of the Fund; and

WHEREAS, the Manager desires to retain the Subadviser to provide investment
advisory services to the Fund and one or more of its series as specified in
Schedule A hereto (individually and collectively, with the Fund, referred to
herein as the Fund) and to manage such portion of the Fund as the Manager shall
from time to time direct, and the Subadviser is willing to render such
investment advisory services; and

NOW, THEREFORE, the Parties agree as follows:

1. (a) Subject to the supervision of the Manager and the Board of Directors of
the Fund, the Subadviser shall manage such portion of the Fund's portfolio,
including the purchase, retention and disposition thereof, in accordance with
the Fund's investment objectives, policies and restrictions as stated in its
then current prospectus and statement of additional information (such Prospectus
and Statement of Additional Information as currently in effect and as amended or
supplemented from time to time, being herein called the "Prospectus"), and
subject to the following understandings:

(i) The Subadviser shall provide supervision of such portion of the Fund's
investments as the Manager shall direct, and shall determine from time to time
what investments and securities will be purchased, retained, sold or loaned by
the Fund, and what portion of the assets will be invested or held uninvested as
cash.

(ii) In the performance of its duties and obligations under this Agreement, the
Subadviser shall act in conformity with the copies of the Articles of
Incorporation, By-Laws and Prospectus of the Fund provided to it by the Manager
(the Fund Documents) and with the instructions and directions of the Manager and
of the Board of Directors of the Fund, co-operate with the Manager's (or its
designee's) personnel responsible for monitoring the Fund's compliance and will
conform to and comply with the requirements of the 1940 Act, the Internal
Revenue Code of 1986, as amended, and all other applicable federal and state
laws and regulations. In connection therewith, the Subadviser shall, among other
things, prepare and file such reports as are, or may in the future be, required
by the Securities and Exchange Commission (the Commission), given its role as
Subadviser to the Fund. The Manager shall provide Subadviser timely with copies
of any updated Fund documents.

(iii) The Subadviser shall determine the securities and futures contracts to be
purchased or sold by such portion of the Fund's portfolio, as applicable, and
will place orders with or through such persons, brokers, dealers or futures
commission merchants (including but not limited to Wachovia Securities LLC and
Wachovia Capital Markets LLC (or any broker or dealer affiliated with the
Subadviser), to carry out the policy with respect to brokerage as set forth in
the Fund's Prospectus or as the Board of Directors may direct from time to time.
In providing the Fund with investment supervision, it is recognized that the
Subadviser will give primary consideration to securing the most favorable price
and efficient execution. Within the framework of this policy, the Subadviser may
consider the financial responsibility, research and investment information and

 

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