XTra Credit Premier - Prudential Annuities

STYLE/TYPEBONDBONDBONDBONDMONEYMARKETEMERGINGMARKETSLARGE CAPEQUITYEQUITYINCOMEINVESTMENT OBJECTIVES/POLICIESAST Lord Abbett Bond-Debenture: seeks high current income and the opportunity forcapital appreciation to produce a high total return. To pursue its objective, the Portfolio willinvest, under normal circumstances, at least 80% of the value of its assets in fixed incomesecurities and normally invests primarily in high yield and investment grade debt securities,securities convertible in common stock and preferred stocks. The Portfolio may find goodvalue in high yield securities, sometimes called "lower-rated bonds" or "junk bonds," andfrequently may have more than half of its assets invested in those securities. At least 20% ofthe Portfolio's assets must be invested in any combination of investment grade debt securities,U.S. Government securities and cash equivalents. The Portfolio may also make significantinvestments in mortgage-backed securities. Although the Portfolio expects to maintain aweighted average maturity in the range of five to twelve years, there are no restrictions on theoverall Portfolio or on individual securities. The Portfolio may invest up to 20% of its netassets in equity securities.AST DeAM Bond: seeks a high level of income, consistent with the preservation of capital.Under normal circumstances, the Portfolio invests at least 80% of its total assets inintermediate-term U.S. Treasury, corporate, mortgage-backed and asset-backed, taxablemunicipal and tax-exempt municipal bonds. The Portfolio invests primarily in investmentgrade fixed income securities rated within the top three rating categories of a nationallyrecognized rating organization. Fixed income securities may be issued by U.S. and foreigncorporations or entities including banks and various government entities.AST PIMCO Total Return Bond: seeks to maximize total return consistent with preservationof capital and prudent investment management. The Portfolio will invest in a diversifiedportfolio of fixed-income securities of varying maturities. The average portfolio duration of thePortfolio generally will vary within a three- to six-year time frame based on the Sub-advisor’sforecast for interest rates.AST PIMCO Limited Maturity Bond: seeks to maximize total return consistent withpreservation of capital and prudent investment management. The Portfolio will invest in adiversified portfolio of fixed-income securities of varying maturities. The average portfolioduration of the Portfolio generally will vary within a one- to three-year time frame based on theSub-advisor’s forecast for interest rates.AST Money Market: seeks high current income and maintain high levels of liquidity. ThePortfolio attempts to accomplish its objective by maintaining a dollar-weighted averagematurity of not more than 90 days and by investing in securities which have effective maturitiesof not more than 397 days.Montgomery Variable Series – Emerging Markets: seeks long-term capital appreciation,under normal conditions by investing at least 80% of its total assets in stocks of companies ofany size based in the world’s developing economies. Under normal market conditions,investments are maintained in at least six countries at all times and no more than 35% of totalassets in any single one of them.WFVT Equity Value: seeks long-term capital appreciation and above-average dividendincome. The Portfolio pursues its objective by investing primarily in equity securities of U.S.companies with strong return potential based on current market valuations. Under normalcircumstances, the Portfolio invests at least 80% of its assets in equity securities with the samecharacteristics as common stocks, and in preferred stocks, warrants, and securities of foreigncompanies through ADRs and similar investments.PORTFOLIOADVISOR/SUB-ADVISORLord, Abbett & Co.LLCDeutsche AssetManagement, Inc.Pacific InvestmentManagementCompany LLCPacific InvestmentManagementCompany LLCWells CapitalManagement, Inc.Gartmore GlobalAsset ManagementTrust/GartmoreGlobal PartnersWells Fargo FundsManagement, LLCContract described herein is no longer available for sale.WFVT Equity Income: seeks long-term capital appreciation and above-average dividendincome. The Portfolio pursues its objective primarily by investing in the common stocks oflarge, domestic companies with above-average return potential based on current marketvaluations and above-average dividend income. Under normal market conditions, the Portfolioinvests at least 80% of its total assets in income producing equity securities and in issues ofcompanies with market capitalizations of $3 billion or more.Wells Fargo FundsManagement, LLC20