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AST BlackRock Value Portfolio - Prudential Annuities

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The table also demonstrates how the <strong>Portfolio</strong>’s average annual returns compare to the returns of a secondary index which<br />

includes the stocks of companies with similar investment objectives.<br />

Annual Total Returns<br />

60%<br />

49.40<br />

40%<br />

20%<br />

0%<br />

25.25<br />

3.69 3.32<br />

9.99<br />

14.00<br />

10.29<br />

-3.96<br />

-20%<br />

-40%<br />

-29.84<br />

-40.27<br />

-60%<br />

2002<br />

2003<br />

2004<br />

2005<br />

2006<br />

2007<br />

2008<br />

2009<br />

2010<br />

2011<br />

Best Quarter:<br />

Worst Quarter:<br />

20.86% 2 nd Quarter of 2009 -27.39% 4 th Quarter of 2008<br />

Average Annual Total Returns (For the periods ended December 31, 2011)<br />

1 year 5 years 10 years<br />

<strong>Portfolio</strong> -3.96% 1.50% 1.10%<br />

Index<br />

Standard & Poor’s 500 Index (reflects no deduction for fees, expenses or taxes) 2.09% -0.25% 2.92%<br />

Russell 1000 Growth Index (reflects no deduction for fees, expenses or taxes) 2.64% 2.50% 2.60%<br />

MANAGEMENT OF THE PORTFOLIO<br />

Investment Managers Subadviser <strong>Portfolio</strong> Managers Title Service Date<br />

<strong>Prudential</strong> Investments LLC Goldman Sachs Asset Management, L.P. Steven M. Barry Managing Director May 2002<br />

<strong>AST</strong> Investment Services, Inc. Timothy Leahy, CFA Managing Director May 2009<br />

Joseph B. Hudepohl,<br />

CFA<br />

Managing Director November 2011<br />

TAX INFORMATION<br />

Contract owners should consult their Contract prospectus for information on the federal tax consequences to them. In addition,<br />

Contract owners may wish to consult with their own tax advisors as to the tax consequences of investments in the Contracts and<br />

the <strong>Portfolio</strong>, including the application of state and local taxes. The <strong>Portfolio</strong> currently intends to be treated as a partnership for<br />

federal income tax purposes. As a result, the <strong>Portfolio</strong>’s income, gains, losses, deductions, and credits are “passed through” pro<br />

rata directly to the participating insurance companies and retain the same character for federal income tax purposes.<br />

FINANCIAL INTERMEDIARY COMPENSATION<br />

If you purchase your Contract through a broker-dealer or other financial intermediary (such as a bank), the issuing insurance<br />

company, the <strong>Portfolio</strong> or their related companies may pay the intermediary for the sale of the Contract, the selection of the<br />

<strong>Portfolio</strong> and related services. These payments may create a conflict of interest by influencing the broker-dealer or other<br />

intermediary and your salesperson to recommend the Contract over another investment or insurance product, or to recommend<br />

the <strong>Portfolio</strong> over another investment option under the Contract. Ask your salesperson or visit your financial intermediary’s<br />

website for more information.<br />

94

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