AST BlackRock Value Portfolio - Prudential Annuities

AST PIMCO TOTAL RETURN BOND PORTFOLIO
Year Ended December 31,
2011(c) 2010(c) 2009(c) 2008 2007(c)
Per Share Operating Performance:
Net Asset Value, beginning of year $12.16 $11.70 $11.31 $12.10 $11.43
Income (Loss) From Investment Operations:
Net investment income 0.26 0.25 0.35 0.63 0.55
Net realized and unrealized gain (loss) on investments 0.13 0.64 1.41 (0.89) 0.40
Total from investment operations 0.39 0.89 1.76 (0.26) 0.95
Less Distributions: (0.64) (0.43) (1.37) (0.53) (0.28)
Net Asset Value, end of year $11.91 $12.16 $11.70 $11.31 $12.10
Total Return(a) 3.18% 7.72% 16.53% (2.26)% 8.31%
Ratios/Supplemental Data:
Net assets, end of year (in millions) $6,925.1 $9,779.9 $8,417.4 $3,108.2 $4,775.5
Ratios to average net assets(b):
Expenses After Waivers and/or Expense Reimbursement 0.74%(d) 0.74%(d) 0.75%(d) 0.75%(d) 0.74%(d)
Expenses Before Waivers and/or Expense Reimbursement 0.77%(d) 0.77%(d) 0.78%(d) 0.75%(d) 0.74%(d)
Net investment income 2.14% 2.09% 3.03% 4.20% 4.67%
Portfolio turnover rate 755% 633% 445% 506% 297%
(a) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year reported and includes reinvestment of distributions and does not
reflect the effect of insurance contract charges. Total return does not reflect expenses associated with the separate account such as administrative fees, account charges and surrender
charges which, if reflected, would reduce the total return for all periods shown. Performance figures may reflect voluntary fee waivers and/or expense reimbursements. In the absence
of voluntary fee waivers and/or expense reimbursements, the total return would be lower. Past performance is no guarantee of future results. Total returns may reflect adjustments to
conform to generally accepted accounting principles.
(b) Does not include expenses of the underlying portfolio in which the Portfolio invests.
(c) Calculated based on average shares outstanding during the year.
(d) The expense ratio reflects the interest and fees expense related to the liability for the floating rate notes issued in conjunction with inverse floater securities.
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