PGIM Quantitative Solutions LLC

ITEM 5. FEES AND COMPENSATION
Advisory Fees
We negotiate fees with our clients individually. Fees paid by clients vary based on the type of advice provided and other factors
such as account size (including the aggregate size of multiple accounts for the same client or related clients), the relationship
with the client (including whether the client is an affiliate or has a relationship with one of our affiliates) or a client’s consultant,
type of fee (for example, asset-based fee or performance-based fee), and the required nature and level of service. Fees also
differ based on account type and strategy. For example, fees for commingled vehicles, including those that we subadvise, differ
from fees for single client accounts. Since fees are negotiable, clients with similar investment objectives or strategies pay
different fees. When we act as subadviser to the manager of an account, the manager will pay us a portion of the fee it receives
from the client, but we do not generally negotiate our fee with the manager’s client.

We are generally compensated for our advisory services under both asset-based fee schedules and performance-based fee
schedules. Our asset-based fees are customarily offered in tiered schedules with breakpoints linked to the amount of assets in
the account, so that the fee rate decreases as the level of assets increases. In circumstances where we manage multiple accounts
for a single client relationship (including the client’s affiliates), we have, in some cases, agreed with the client to aggregate the
client’s assets across related accounts to enable the client to benefit from a lower fee tier or to consider such total assets in
determining a fee schedule for each account of such client. (See also our discussion in Item 6 below of asset-based fees and

ITEM 7. TYPES OF CLIENTS
We provide investment advisory services to a diverse range of affiliated and unaffiliated global institutional clients. Our clients
include corporate defined benefit and defined contribution plans, public employee retirement systems, Taft-Hartley plans, state
and municipal government entities, trusts, publicly offered investment funds (registered investment companies such as mutual
funds and ETFs) and their investment managers, insurance companies with respect to their separate and general accounts,
collective and common trusts, commingled trust funds, charitable institutions, foundations, endowments, private investment
funds and their investment managers, sovereign funds, non-U.S. funds such as Undertakings for Collective Investment in
Transferable Securities (“UCITS”) and alternative investment funds, and other U.S. and international institutions. We provide
our services to both affiliated and non-affiliated clients.

The minimum account size varies by certain characteristics such as investment strategy, investment vehicle and mandate
characteristics, with separately managed accounts and typically having higher investment minimums than investments in
commingled funds. We can waive these minimums at our discretion. We do not currently provide investment advisory services
directly to individuals.

Affiliated clients and certain other clients can request and receive, and have requested and received, greater transparency,
operational support, training, or other resources, as permitted under applicable law. For example, representatives of Prudential
Financial, the general account of The Prudential Insurance Company of America (“PICA”) and accounts of other affiliates that
are responsible for assessing Prudential Financial's enterprise investment risk have access to information about our assets under
management, including for third parties, that is not made available to unaffiliated clients. This information does not include
specific unaffiliated client identifying information or portfolio information for clients that have prohibited us from sharing such
information with affiliates.

12 PGIM QUANTITATIVE SOLUTIONS (FORM ADV PART 2A)

FORM ADV PART 2A
FORM ADV—PART 2A