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AST BlackRock Value Portfolio - Prudential Annuities

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<strong>AST</strong> Bond <strong>Portfolio</strong> 2019<br />

Annual <strong>Portfolio</strong> Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)<br />

Management Fee 0.63%<br />

Distribution and/or Service Fees (12b-1 fees) 0.10%<br />

Other Expenses 0.19%<br />

Total Annual <strong>Portfolio</strong> Operating Expenses 0.92%<br />

Fee Waiver and/or Expense Reimbursement<br />

None<br />

Total Annual <strong>Portfolio</strong> Operating Expenses 0.92%<br />

Example. The following example is intended to help you compare the cost of investing in the <strong>Portfolio</strong> with the cost of investing in<br />

other mutual funds. The table does not include Contract charges. Because Contract charges are not included, the total fees and<br />

expenses that you will incur will be higher than the fees and expenses set forth in the example. See your Contract prospectus for more<br />

information about Contract charges.<br />

The example assumes that you invest $10,000 in the <strong>Portfolio</strong> for the time periods indicated and then redeem all of your shares at the<br />

end of those periods. The example also assumes that your investment has a 5% return each year and that the <strong>Portfolio</strong>’s operating<br />

expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:<br />

1 Year 3 Years 5 Years 10 Years<br />

$94 $293 $509 $1,131<br />

<strong>AST</strong> Bond <strong>Portfolio</strong> 2020<br />

Annual <strong>Portfolio</strong> Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)<br />

Management Fee 0.63%<br />

Distribution and/or Service Fees (12b-1 fees) 0.10%<br />

Other Expenses 1.01%<br />

Total Annual <strong>Portfolio</strong> Operating Expenses 1.74%<br />

Fee Waiver and/or Expense Reimbursement 1 -0.75%<br />

Total Annual <strong>Portfolio</strong> Operating Expenses 1 0.99%<br />

1<br />

The Manager has contractually agreed to waive a portion of its investment management fees and/or reimburse certain expenses for<br />

the <strong>Portfolio</strong> so that the <strong>Portfolio</strong>’s investment management fees plus other expenses (exclusive in all cases of taxes, interest, brokerage<br />

commissions, acquired fund fees and expenses and extraordinary expenses) do not exceed 0.99% of the <strong>Portfolio</strong>’s average daily net<br />

assets through June 30, 2015. This arrangement may not be terminated or modified prior to June 30, 2015, and may be discontinued<br />

or modified thereafter. The decision on whether to renew, modify or discontinue the arrangement after June 30, 2015 will be subject to<br />

review by the Manager and the Fund’s Board of Trustees.<br />

Example. The following example is intended to help you compare the cost of investing in the <strong>Portfolio</strong> with the cost of investing in<br />

other mutual funds. The table does not include Contract charges. Because Contract charges are not included, the total fees and<br />

expenses that you will incur will be higher than the fees and expenses set forth in the example. See your Contract prospectus for more<br />

information about Contract charges.<br />

The example assumes that you invest $10,000 in the <strong>Portfolio</strong> for the time periods indicated and then redeem all of your shares at the<br />

end of those periods. The example also assumes that your investment has a 5% return each year and that the <strong>Portfolio</strong>’s operating<br />

expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:<br />

1 Year 3 Years 5 Years 10 Years<br />

$101 $396 $797 $1,920

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