Strategic Partners Plus 3 - Prudential Annuities

STYLE/
TYPE
ASSET
ALLOCA-
TION/
BALANCED
ASSET
ALLOCA-
TION/
BALANCED
LARGE
CAP
GROWTH
MID CAP
GROWTH
FIXED
INCOME
FIXED
INCOME
INTER-
NATIONAL
EQUITY
INVESTMENT OBJECTIVES/POLICIES
AST First Trust Balanced Target Portfolio: seeks long-term capital growth balanced by
current income. The Portfolio seeks to achieve its objective by investing approximately
65% in common stocks and approximately 35% in fixed income securities. The Portfolio
allocates the equity portion of the portfolio across five uniquely specialized strategies –
The Dow ® Target Dividend, the Value Line ® Target 25, the Global Dividend Target 15,
the NYSE ® International Target 25, and the Target Small Cap. Each strategy employs a
quantitative approach by screening common stocks for certain attributes and/or using a
multi-factor scoring system to select the common stocks. The fixed income allocation is
determined by the Dow Jones Income strategy which utilizes certain screens to select
bonds from the Dow Jones Corporate Bond Index or like-bonds not in the index.
AST First Trust Capital Appreciation Target Portfolio: seeks long-term capital
growth. The Portfolio seeks to achieve its objective by investing approximately 80% in
common stocks and 20% in fixed income securities. The portfolio allocates the equity
portion of the portfolio across five uniquely specialized strategies – the Value Line ®
Target 25, the Global Dividend Target 15, the Target Small Cap, the Nasdaq ® Target 15,
and the NYSE ® International Target 25. Each strategy employs a quantitative approach by
screening common stocks for certain attributes and/or using a multi-factor scoring system
to select the common stocks. The fixed income allocation is determined by the Dow Jones
Income strategy which utilizes certain screens to select bonds from the Dow Jones
Corporate Bond Index or like-bonds not in the index.
AST Goldman Sachs Concentrated Growth Portfolio: seeks long-term growth of
capital. The Portfolio will pursue its objective by investing primarily in equity securities
of companies that the subadviser believes have the potential to achieve capital
appreciation over the long-term. The Portfolio seeks to achieve its investment objective by
investing, under normal circumstances, in approximately 30 – 45 companies that are
considered by the subadviser to be positioned for long-term growth.
AST Goldman Sachs Mid-Cap Growth Portfolio: seeks long-term capital growth. The
Portfolio pursues its investment objective, by investing primarily in equity securities
selected for their growth potential, and normally invests at least 80% of the value of its
assets in medium-sized companies. Medium-sized companies are those whose market
capitalizations (measured at the time of investment) fall within the range of companies in
the Russell Mid-cap Growth Index. The subadviser seeks to identify individual companies
with earnings growth potential that may not be recognized by the market at large.
AST High Yield Portfolio: seeks maximum total return, consistent with preservation of
capital and prudent investment management. The Portfolio invests, under normal
circumstances, at least 80% of its net assets plus any borrowings for investment purposes
(measured at time of purchase) in high yield, fixed-income securities that, at the time of
purchase, are non-investment grade securities. Such securities are commonly referred to as
“junk bonds”.
AST Investment Grade Bond Portfolio: seeks the highest potential total return
consistent with its specified level of risk tolerance to meet the parameters established to
support the Highest Daily Lifetime Seven benefits and maintain liquidity to support
changes in market conditions for a fixed duration (weighted average maturity) of about 6
years. Please note that you may not make purchase payments to this Portfolio, and that
this Portfolio is available only with certain living benefits.
AST JPMorgan International Equity Portfolio: seeks long-term capital growth by
investing in a diversified portfolio of international equity securities. The Portfolio seeks to
meet its objective by investing, under normal market conditions, at least 80% of its assets
in a diversified portfolio of equity securities of companies located or operating in
developed non-U.S. countries and emerging markets of the world. The equity securities
will ordinarily be traded on a recognized foreign securities exchange or traded in a foreign
over-the-counter market in the country where the issuer is principally based, but may also
be traded in other countries including the United States.
PORTFOLIO
ADVISOR/
SUB-ADVISOR
First Trust Advisors
L.P.
First Trust Advisors
L.P.
Goldman Sachs
Asset Management,
L.P.
Goldman Sachs
Asset Management,
L.P.
Pacific Investment
Management
Company LLC
(PIMCO)
Prudential
Investment
Management, Inc.
Contract described herein is no longer available for sale.
J.P. Morgan
Investment
Management, Inc.
27