The North Carolina Sub-Advisory Agreement between Prudential Investments Fund Management, LLC (IFM) and The Prudential Investment Corporation (PIC) is a legally binding contract that outlines the terms and conditions under which PIC will provide investment advisory services to IFM. This agreement is specific to the state of North Carolina and governs the relationship between the two entities. Keywords: North Carolina, Sub-Advisory Agreement, Prudential Investments Fund Management, The Prudential Investment Corporation, investment advisory services. This agreement establishes a framework for IFM to engage PIC as a sub-adviser for its investment funds or portfolios. PIC will offer its expertise and provide advice on various investment strategies, asset allocation, and risk management, among other aspects. The agreement defines the roles, responsibilities, and compensation structure for both parties involved. The North Carolina Sub-Advisory Agreement may also have different types, depending on the specific investment funds or portfolios for which PIC will provide advisory services. Some potential types of sub-advisory agreements could include: 1. Equity Sub-Advisory Agreement: This agreement focuses on PIC's expertise in managing equity-based investment strategies. PIC may provide recommendations on specific stocks, sectors, or industries to optimize returns for the investment funds or portfolios. 2. Fixed Income Sub-Advisory Agreement: This agreement pertains to PIC's knowledge and experience in managing fixed income investments, such as bonds, treasury bills, and other debt securities. PIC may offer guidance on interest rate risk, credit quality, and yield enhancement strategies. 3. Multi-Asset Sub-Advisory Agreement: This agreement encompasses a broader scope of investment strategies where PIC advises on multiple asset classes, including equities, fixed income, real estate, commodities, or alternative investments. The focus is on achieving a balanced and diversified investment approach. 4. Sector-Specific Sub-Advisory Agreement: This type of agreement could be utilized when PIC specializes in advising on specific sectors or industries, such as technology, healthcare, energy, or financial services. PIC's sector-specific expertise can be leveraged to generate higher returns within targeted investment areas. It is important to note that the specific types of sub-advisory agreements between IFM and PIC may vary based on the investment objectives, fund structures, and strategies pursued by IFM. These agreements provide the necessary framework for collaboration and outline the detailed terms and conditions governing the provision of investment advisory services in North Carolina.