The Nevada Sub-Advisory Agreement is a legal contract between Prudential Investments Fund Management, LLC (IFM) and The Prudential Investment Corp. (PIC), which governs the provision of investment advisory services in the state of Nevada. This agreement outlines the rights, responsibilities, and obligations of both parties involved in the provision of these services. Under this agreement, IFM acts as the sub-advisor, offering expertise and guidance to PIC in managing and overseeing investment portfolios on behalf of their clients. The agreement sets forth the terms under which IFM provides these services, including the scope of services, compensation arrangements, and any specific responsibilities or limitations placed on the sub-advisor. One type of Nevada Sub-Advisory Agreement between IFM and PIC is the Fixed Fee Sub-Advisory Agreement. In this arrangement, IFM charges a predetermined fixed fee to provide investment advisory services, irrespective of the performance of the investment portfolio. This type of agreement may be suitable for clients seeking a predictable cost structure or those with specific investment goals in mind. Another type is the Performance-Based Fee Sub-Advisory Agreement. In this case, IFM's compensation is tied to the performance of the investment portfolio. If the portfolio achieves certain predetermined performance objectives, IFM receives a higher fee. This arrangement aligns the sub-advisor's interests with that of the client, as both parties benefit from positive investment outcomes and may be more suitable for clients seeking higher returns. Furthermore, the Nevada Sub-Advisory Agreement may specify the duration of the arrangement, termination guidelines, and any specific regulatory requirements applicable in the state of Nevada. It also addresses compliance obligations, privacy provisions, and any dispute resolution mechanisms that may be put in place. Overall, the Nevada Sub-Advisory Agreement between IFM and PIC is a critical legal document that ensures a mutually beneficial relationship between the sub-advisor and the investment corporation. It outlines the terms and conditions under which investment advisory services are provided, promoting transparency, accountability, and the protection of client interests.