Texas Sub-Advisory Agreement between Prudential Investments Fund Management, LLC and The Prudential Investment Corp. is a legally binding contract that outlines the terms and conditions under which Prudential Investments Fund Management, LLC (the "Sub-Adviser") will provide investment advisory services to The Prudential Investment Corp. (the "Adviser") in the state of Texas. This agreement typically contains several important elements, including: 1. Scope of Services: The agreement defines the specific investment advisory services that the Sub-Adviser will provide to the Adviser. These services may include portfolio management, investment research, asset allocation, risk management, and other related services. 2. Obligations and Responsibilities: The agreement outlines the obligations and responsibilities of both the Sub-Adviser and the Adviser. It clarifies the duties, standard of care, and performance expectations of the Sub-Adviser while assisting the Adviser in managing investment portfolios. 3. Compensation: The agreement establishes the fees and compensation structure for the Sub-Adviser's services. This may include a base fee or a performance-based fee, or a combination of both, depending on the arrangement agreed upon by the parties. 4. Reporting and Communication: The agreement sets out the frequency and content of the reporting and communication between the Sub-Adviser and the Adviser. This may include regular portfolio updates, performance reports, investment recommendations, and other relevant information. 5. Termination: The agreement defines the circumstances under which either party can terminate the agreement, and the associated notice period or penalties, if any. It also outlines any post-termination obligations, such as the final reporting and transition of responsibilities. As for different types of Texas Sub-Advisory Agreements between Prudential Investments Fund Management, LLC and The Prudential Investment Corp., they may have variations based on specific investment strategies, asset classes, or client requirements. For example: 1. Fixed Income Sub-Advisory Agreement: This type of agreement may focus on the management of fixed income portfolios, such as bond funds or fixed income securities. 2. Equity Sub-Advisory Agreement: This agreement could be centered around the management of equity portfolios, like stock funds or individual stocks, where the Sub-Adviser researches and selects appropriate investment options. 3. Multi-Asset Sub-Advisory Agreement: This type of agreement may encompass the management of portfolios that include a mix of different asset classes, such as stocks, bonds, and alternative investments. 4. Specialized Sector Sub-Advisory Agreement: This agreement could be tailored to specific sectors or industries, allowing the Sub-Adviser to focus on providing investment advisory services within a particular niche, such as technology, healthcare, or energy. It is essential to note that the specific types of Texas Sub-Advisory Agreements may vary based on the needs and requirements of both parties involved.