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Strategic Partners Plus 3 - Prudential Annuities

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UNDERLYING MUTUAL FUND PORTFOLIO ANNUAL EXPENSES<br />

UNDERLYING PORTFOLIO<br />

(as a percentage of the average net assets of the underlying Portfolios)<br />

Management<br />

Fee 4<br />

For the year ended December 31, 2007<br />

Other<br />

Expenses<br />

12b-1 Fees Acquired<br />

Portfolio Fees<br />

& Expenses 6<br />

Total Annual<br />

Portfolio<br />

Expenses<br />

SP PIMCO Total Return Portfolio 0.60% 0.07% 0.00% 0.00% 0.67%<br />

SP <strong>Prudential</strong> U.S. Emerging Growth Portfolio 0.60% 0.05% 0.00% 0.00% 0.65%<br />

SP Small Cap Value Portfolio 0.90% 0.06% 0.00% 0.00% 0.96%<br />

SP <strong>Strategic</strong> <strong>Partners</strong> Focused Growth Portfolio 0.90% 0.25% 0.00% 0.00% 1.15%<br />

Janus Aspen Series<br />

Large Cap Growth Portfolio—Service Shares 0.64% 0.02% 0.25% 0.01% 0.92%<br />

Nationwide Variable Insurance Trust<br />

Gartmore NVIT Developing Markets 1.05% 0.35% 0.25% N/A 1.65%<br />

Evergreen Variable Annuity Trust 11<br />

Evergreen VA Balanced 0.30% 0.22% 0.00% 0.02% 0.54%<br />

Evergreen VA Fundamental Large Cap 0.58% 0.17% 0.00% 0.00% 0.75%<br />

Evergreen VA Special Values 0.78% 0.18% 0.00% 0.01% 0.97%<br />

Evergreen VA Growth 0.70% 0.20% 0.00% 0.01% 0.91%<br />

Evergreen VA International Equity 0.39% 0.24% 0.00% 0.00% 0.63%<br />

Evergreen VA Omega 0.52% 0.19% 0.00% 0.00% 0.71%<br />

1 The Fund has entered into arrangements with the issuers of the variable insurance products offering the Portfolios under which the Fund compensates the<br />

issuers 0.10% for providing ongoing services to Portfolio shareholders in lieu of the Fund providing such services directly to shareholders. Amounts paid<br />

under these arrangements are included in “Other Expenses.” Subject to the expense limitations set forth below, for each Portfolio of the Fund other than the<br />

Dynamic Asset Allocation Portfolios, 0.03% of the 0.10% administrative services fee is voluntarily waived. The Dynamic Asset Allocation Portfolios do<br />

not directly pay any portion of the 0.10% administrative service fee. The Acquired Portfolios in which the Dynamic Asset Allocation Portfolios invest,<br />

however, are subject to the administrative services fee. With respect to the AST QMA US Equity Alpha Portfolio, “Other Expenses” includes dividend<br />

expenses on short sales and interest expenses on short sales. Our reference above to the Dynamic Asset Allocation Portfolios refers to these portfolios:<br />

AST Aggressive Asset Allocation, AST Balanced Asset Allocation, AST Capital Growth Asset Allocation, AST Conservative Asset Allocation, and AST<br />

Preservation Asset Allocation.<br />

2 Some of the Portfolios invest in other investment companies (the Acquired Portfolios). For example, each Dynamic Asset Allocation Portfolio invests<br />

primarily in shares of other Portfolios of Advanced Series Trust. Investors in a Portfolio indirectly bear the fees and expenses of the Acquired Portfolios.<br />

The expenses shown under “Acquired Portfolio Fees and Expenses” represent a weighted average of the expense ratios of the Acquired Portfolios in which<br />

each Portfolio invested during the year ended December 31, 2007. The Dynamic Asset Allocation Portfolios do not pay any transaction fees when<br />

purchasing or redeeming shares of the Acquired Portfolios. Our reference above to the Dynamic Asset Allocation Portfolios refers to these portfolios: AST<br />

Aggressive Asset Allocation, AST Balanced Asset Allocation, AST Capital Growth Asset Allocation, AST Conservative Asset Allocation, and AST<br />

Preservation Asset Allocation.<br />

3 <strong>Prudential</strong> Investments LLC and AST Investment Services, Inc. have voluntarily agreed to waive a portion of their management fee and/or limit total<br />

expenses (expressed as an annual percentage of average daily net assets) for certain Portfolios of the Fund. These arrangements, which are set forth as<br />

follows, may be discontinued or otherwise modified at any time. AST American Century <strong>Strategic</strong> Allocation: 1.25%; AST Cohen & Steers Realty: 1.45%;<br />

AST DeAM Small-Cap Value: 1.14%; AST Goldman Sachs Concentrated Growth: 0.86%; AST Goldman Sachs Mid-Cap Growth: 1.12%; AST High<br />

Yield: 0.88%; AST JPMorgan International Equity: 1.01%; AST Large-Cap Value: 1.20%; AST Lord Abbett Bond-Debenture: 0.88%; AST MFS Global<br />

Equity: 1.18%; AST MFS Growth: 1.35%; AST Marsico Capital Growth: 1.35%; AST Mid-Cap Value: 1.45%; AST Neuberger Berman Mid-Cap<br />

Growth: 1.25%; AST Neuberger Berman Mid-Cap Value: 1.25%; AST PIMCO Limited Maturity Bond: 1.05%; AST T. Rowe Price Asset<br />

Allocation: 1.25%; AST T. Rowe Price Natural Resources: 1.35%.<br />

4 The management fee rate shown in the “management fees” column represents the actual fee rate paid by the indicated Portfolio for the fiscal year ended<br />

December 31, 2007, except that the fee rate shown does not reflect the impact of any voluntary management fee waivers that may be applicable and which<br />

would result in a reduction in the fee rate paid by the Portfolio. The management fee rate for certain Portfolios may include “breakpoints” which are<br />

reduced fee rates that are applicable at specified levels of Portfolio assets; the effective fee rates shown in the table reflect and incorporate any fee<br />

“breakpoints” which may be applicable.<br />

5 The Western Asset Core <strong>Plus</strong> Bond Portfolio is based on estimated expenses for 2008 and current period average daily net assets. AST Investment Grade<br />

Bond Portfolio expenses are based on estimated expenses for 2008 at an estimated asset level.<br />

6 Acquired Fund Fees and Expenses are not fees or expenses incurred by the fund directly but are expenses of the investment companies in which the fund<br />

invests. You incur these fees and expenses indirectly through the valuation of the fund’s investment in those investment companies. As a result, the Total<br />

Annual Portfolio Operating Expenses listed above may exceed the expense limit numbers. The impact of the acquired fund fees and expenses are included<br />

in the total returns of the Fund.<br />

7 Investors incur certain fees and expenses in connection with an investment in the Fund’s Portfolios. The following table shows the fees and expenses that<br />

you may incur if you invest in Class 1 shares of the Portfolios through a variable annuity contract. The fees and expenses shown below are based the fees<br />

and expenses incurred in the year ended December 31, 2007 (except as explained in the footnotes) and are expressed as a percentage of the average daily<br />

net assets of each Portfolio. The table does not include annuity contract charges. Because annuity 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 following table. See this prospectus for the fees and expenses under<br />

the annuity contract.<br />

Contract described herein is no longer available for sale.<br />

17

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