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AST BlackRock Value Portfolio - Prudential Annuities

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Russell 2000 Index. The Russell 2000 Index measures the performance of the small-cap segment of the U.S. equity universe. The<br />

Index is a subset of the Russell 3000 Index representing approximately 10% of the total market capitalization of that index. It<br />

includes approximately 2000 of the smallest securities based on a combination of their market cap and current index<br />

membership. These returns do not include the effect of any investment management expenses, and would have been lower if they<br />

included the effect of these expenses.<br />

Russell 2000 Growth Index. The Russell 2000 Growth Index measures the performance of the small-cap growth segment of the<br />

U.S. equity universe. It includes those Russell 2000 companies with higher price-to-book ratios and higher forecasted growth<br />

values. These returns do not include the effect of any investment management expenses, and would be lower if they included the<br />

effect of these expenses.<br />

Russell 2000 <strong>Value</strong> Index. The Russell 2000 <strong>Value</strong> Index contains those securities in the Russell 2000 Index with a below average<br />

growth orientation. Companies in this Index generally have low price-to-book and price-to-earnings ratios, higher dividend yields<br />

and lower forecasted growth. These returns do not include the effect of any operating expenses of a mutual fund or taxes payable<br />

by investors and would be lower if they included these effects. Source: Lipper Inc.<br />

Standard & Poor’s 500 Index. The Standard & Poor’s 500 Composite Stock Price Index is an unmanaged index of 500 stocks of<br />

large U.S. public companies. It gives a broad look at how stock prices in the United States have performed. These returns do not<br />

include the effect of any sales charges or operating expenses of a mutual fund or taxes and would be lower if they included these<br />

effects. Source: Standard & Poor’s Corporation.<br />

S&P Developed Property TR Index. The S&P Citigroup/BMI World Property Net Index (a sub index of the S&P Developed Property<br />

TR Index) is a broad market index of more than 400 companies from 21 countries, and is available for a wide range of regions<br />

(including ex-U.S.) as well as by country. The Index is intended to provide a broad measure of the global property market,<br />

reflecting the risk and return characteristics of the broader universe on an on-going basis. Companies within the Index are further<br />

classified by property type, allowing peer group comparisons. These returns do not include the effect of any investment<br />

management expenses, and the returns would be lower if they included such expenses.<br />

S&P MidCap 400 Index. The S&P MidCap 400 Index is an unmanaged index of 400 stocks chosen based on market capitalization,<br />

liquidity and industry representation. The index contains firms that are situated in size between the S&P 500 Index and the S&P<br />

SmallCap 600 Index. These returns do not include the effect of any sales charges, operating expenses and taxes. These returns<br />

would be lower if they included the effect of sales charges, operating expenses of a mutual fund or taxes. Source: Lipper Inc.<br />

<strong>AST</strong> Academic Strategies Asset Allocation Porfolio Primary Blended Index. The Primary Blended Index consists of the Russell<br />

3000 Index (20%), MSCI EAFE Index (20%), Barclays Capital Aggregate Bond Index (25%), Dow Jones Wilshire REIT Index (10%),<br />

Dow Jones UBS Commodity Total Return Index (10%), and Merrill Lynch 90-Day U.S. Treasury Bill Index (15%). These returns do<br />

not include the effect of any investment management expenses. These returns would have been lower if they included the effect of<br />

these expenses.<br />

<strong>AST</strong> Academic Strategies Asset Allocation <strong>Portfolio</strong> Secondary Blended Index. The Secondary Blended Index consists of the<br />

Standard & Poor’s 500 Index (60%), and Barclays Capital Aggregate Bond Index (40%). These returns do not include the effect of<br />

any investment management expenses. These returns would have been lower if they included the effect of these expenses.<br />

<strong>AST</strong> Advanced Strategies <strong>Portfolio</strong> Blended Index. The Blended Index consists of the Russell 3000 Index (40%), the MSCI EAFE<br />

Index (20%), the Barclays Capital Global Aggregate Bond Index (US$ Hedged) (30%) and the Custom Extended Markets Index<br />

(10%). The Custom Extended Markets Index is comprised of equal weightings of the Barclays Capital US TIPS Index, the Dow<br />

Jones UBS Commodity Total Return Index, and the Dow Jones Wilshire REIT Index. These returns do not include the effect of any<br />

investment management expenses. These returns would have been lower if they included the effect of these expenses.<br />

<strong>AST</strong> Wellington Management Hedged Equity <strong>Portfolio</strong> Current Blended Index. The Blended Index consists of Russell 3000 Index<br />

(50%) and MSCI EAFE Index (GD) (20%), and the Merrill Lynch 90-Day Treasury Bill Index (30%). These returns do not include the<br />

effect of any investment management expenses. The GD (gross dividends) version of the MSCI EAFE Index does not reflect the<br />

impact of withholding taxes on reinvested dividends. These returns would have been lower if they included the effect of<br />

these expenses.<br />

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