The Prudential Series Fund

High Yield Bond Portfolio
Annual Returns (Class I Shares)
40%
30%
20%
10%
0
-10%
4.61
-7.91
-0.44
1.50
25.04
10.30
3.41
10.25
2.62
-20%
-30%
1999
2000
2001
2002
2003
2004
2005
2006
2007
-22.28
2008
Best Quarter
Worst Quarter
8.91% (2nd quarter of 2003) -16.64% (4th quarter of 2008)
Average Annual Returns (as of 12/31/08)
1 Year 5 Years 10 Years
Class I Shares -22.28% 0.06% 2.02%
Barclays Capital U.S. Corporate High Yield Bond Index* -26.16% -0.80% 2.17%
Barclays Capital High Yield 2% Issuer Capped Index** -25.88% -0.84% 2.28%
Lipper Variable Insurance Products (VIP) High Current Yield Funds
Average*** -26.93% -1.41% 1.07%
*The Barclays Capital U.S. Corporate High Yield Bond Index is made up of over 700 non-investment grade bonds. The index is an unmanaged index that includes the reinvestment of all interest but
does not reflect the payment of transaction costs and advisory fees associated with an investment in the Portfolio. These returns do not include the effect of any investment management expenses.
These returns would have been lower if they included the effect of these expenses. The Portfolio no longer uses this index.
**The Barclays Capital High Yield 2% Issuer Capped Index is made up of over 700 non-investment grade bonds. However, the representation of any single bond issuer is restricted to a maximum of
2% of the total index. The index is an unmanaged index that includes the reinvestment of all interest but does not reflect the payment of transaction costs and advisory fees associated with an
investment in the Portfolio. These returns do not include the effect of any investment management expenses. These returns would have been lower if they included the effect of these expenses. The
Portfolio has changed from the Barclays Capital U.S. Corporate High Yield Bond Index to the Barclays Capital High Yield 2% Issuer Capped Index because the Barclays Capital High Yield 2% Issuer
Capped Index better represents the composition of the Portfolio. In particular, the Portfolio generally maintains positions of 2% or less per issuer (although the Portfolio may hold positions of
greater than that amount).
***The Lipper Average is calculated by Lipper Analytical Services, Inc. and reflects the return of certain portfolios underlying variable life and annuity products. The returns are net of investment
fees and fund expenses but not product charges. These returns would have been lower if they included the effect of product charges.
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