The Vermont Management Agreement between Prudential Tax-Managed Growth Fund and Prudential Investments Fund Management, LLC is an important legal document that outlines the terms and conditions of the partnership between these two entities. This agreement establishes the framework for effective management and investment strategies for the Prudential Tax-Managed Growth Fund in Vermont. Under this Management Agreement, Prudential Investments Fund Management, LLC assumes the role of the investment manager for the Prudential Tax-Managed Growth Fund in Vermont. The agreement stipulates the various responsibilities, obligations, and services to be provided by Prudential Investments Fund Management, LLC, ensuring a transparent and mutually beneficial relationship between the two parties. The Management Agreement covers essential aspects such as: 1. Investment Objectives: It defines the investment objectives and goals of the Prudential Tax-Managed Growth Fund, outlining the specific strategies to be employed to maximize returns while minimizing tax liabilities for investors in compliance with Vermont regulations. 2. Fund Management: The agreement details the responsibilities of Prudential Investments Fund Management, LLC in managing the Prudential Tax-Managed Growth Fund. This includes the creation of investment policies, asset allocation decisions, and ongoing portfolio management to achieve optimal performance. 3. Advisory Services: Prudential Investments Fund Management, LLC provides advisory services to ensure the Prudential Tax-Managed Growth Fund follows appropriate investment guidelines and complies with Vermont state laws and regulations. 4. Reporting and Communication: The agreement establishes reporting requirements, regular communication channels, and specific benchmarks against which the performance of the Prudential Tax-Managed Growth Fund will be measured. This ensures transparency and accountability between both parties. 5. Compensation and Expenses: The Vermont Management Agreement addresses the compensation structure for Prudential Investments Fund Management, LLC, including fee structures, expense reimbursement, and any other relevant financial arrangements. It is important to note that while the Vermont Management Agreement between Prudential Tax-Managed Growth Fund and Prudential Investments Fund Management, LLC is designed to cater specifically to the Prudential Tax-Managed Growth Fund, variations of this agreement may exist to accommodate specific mutual funds or investment strategies within Vermont. These variations may address specific fund objectives, investment restrictions, or regulatory requirements unique to each fund.