UNITED STATES |
SECURITIES AND EXCHANGE COMMISSION |
Washington, D.C. 20549 |
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SCHEDULE 14A |
(Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION |
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Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) |
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ADVANCED SERIES TRUST THE PRUDENTIAL SERIES FUND PRUDENTIAL’S GIBRALTAR FUND, INC. |
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ADVANCED SERIES TRUST
THE PRUDENTIAL SERIES FUND
PRUDENTIAL'S GIBRALTAR FUND, INC.
Gateway Center Three
100 Mulberry Street
Newark, New Jersey 07102
IMPORTANT PROXY MATERIALS
PLEASE VOTE NOW!
December 28, 2010
Dear Shareholder:
I am inviting you to vote on an important proposal relating to the management and operation of the Portfolios serving as investment options under your annuity or insurance contract. A shareholder meeting of each of the Companies identified above is scheduled for February 25, 2011. This package contains information about the proposal and includes materials you will need to vote. The Board of Directors/Trustees of each Company has nominated ten individuals for election as Directors/Trustees and has recommended that you vote in favor of all of them. Most, but not all, of the ten individuals nominated for election already serve as Directors/Trustees of each Company. Although the Directors/Trustees have determined that the election of these nominees is in your best interest, the final decision is yours.
Shareholders of each Company are being asked to approve the same slate of nominees, so in order to save money for your Company, one proxy statement has been prepared for all of the Companies listed above. The accompanying proxy statement includes information about the nominees.
Please read the enclosed materials carefully and cast your vote. Remember, your vote is extremely important, no matter how large or small your holdings. By voting now, you can help avoid additional costs that are incurred with follow-up letters and calls.
To vote, you may use any of the following methods:
• By Mail. Please complete, date and sign your voting instruction card before mailing it in the enclosed postage-paid envelope.
• By Telephone. Have your voting instruction card available. Call the toll-free number listed on your voting instruction card. Enter the control number from your voting instruction card. There is no charge to you for the call. Follow the recorded instructions. Votes must be entered by 11:59 p.m. on the day prior to the Meeting.
• In Person. By attending the Meeting and voting.
If you have any questions before you vote, please call D.F. King & Co. Inc. at 888-605-1956 toll free. They will be happy to help you understand the proposal and assist you in voting. Thank you for your participation.
Stephen Pelletier
President
ADVANCED SERIES TRUST
THE PRUDENTIAL SERIES FUND
PRUDENTIAL'S GIBRALTAR FUND, INC.
Gateway Center Three
100 Mulberry Street
Newark, New Jersey 07102
NOTICE OF JOINT SPECIAL
MEETINGS OF SHAREHOLDERS
TO BE HELD ON
February 25, 2011
To our Shareholders:
Joint meetings of the shareholders of each of the above-listed Companies (each, a Meeting) will be held at the offices of Prudential Investments LLC (PI), 100 Mulberry Street, Gateway Center Three, 14th Floor, Newark, New Jersey on February 25, 2011 at 10:00 a.m. Eastern Time. The purpose of the Meeting is to consider and act upon a proposal to elect ten Directors or Trustees (the Proposal).
The Meeting will be a Joint Special Meeting for each Company.
You are entitled to vote at the Meeting, and at any adjournments thereof, of each Company in which you beneficially owned shares at the close of business on December 1, 2010. If you attend the Meeting, you may vote in person. If you do not expect to attend the Meeting, please complete, date, sign and return each enclosed voting instruction card in the enclosed postage paid envelope or vote by telephone.
By order of the Boards,
Deborah A. Docs
Secretary
Dated: December 28, 2010.
VOTING INSTRUCTION CARDS FOR YOUR FUND(S) ARE ENCLOSED ALONG WITH THE PROXY STATEMENT. PLEASE VOTE TODAY BY SIGNING AND RETURNING THE ENCLOSED VOTING INSTRUCTION CARDS IN THE POSTAGE PREPAID ENVELOPE PROVIDED. YOU CAN ALSO VOTE BY TELEPHONE USING THE "CONTROL" NUMBER THAT APPEARS ON THE ENCLOSED VOTING INSTRUCTION CARDS AND FOLLOWING THE SIMPLE INSTRUCTIONS.
THE BOARD OF YOUR COMPANY RECOMMENDS THAT YOU VOTE "FOR" ALL OF THE NOMINEES
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ADVANCED SERIES TRUST
THE PRUDENTIAL SERIES FUND
PRUDENTIAL'S GIBRALTAR FUND, INC.
Gateway Center Three
100 Mulberry Street
Newark, New Jersey 07102
PROXY STATEMENT
Joint Special Meeting of Shareholders
to Be Held on February 25, 2011
This proxy statement is being furnished to holders of shares of all of the above-listed investment companies (each, a Company) and their series (each, a Portfolio) in connection with the solicitation by their respective Boards of proxies to be used at joint special meetings (the Meeting) of shareholders to be held at Gateway Center Three, 100 Mulberry Street, 14th Floor, Newark, New Jersey 07102 on February 25, 2011 at 10:00 a.m., Eastern Time, or any adjournment or adjournments thereof. The Meeting will be a Special Meeting for each Company. This proxy statement is being first mailed to shareholders on or about December 28, 2010, and is also available at http://www.annuities.prudential.com/investor/invprospectus.
Each Company is an open-end, management investment company registered under the Investment Company Act of 1940, as amended (the 1940 Act). Advanced Series Trust (AST) is organized as a Massachusetts business trust. The Prudential Series Fund (PSF) is organized as a Delaware statutory trust. Prudential's Gibraltar Fund, Inc. (GIB) is organized as a Maryland corporation. AST and PSF, as trusts, have a board of trustees. GIB, as a corporation, has a board of directors. Directors and trustees serve the same oversight role.
Shares of common stock of GIB, as well as the shares of beneficial interest of AST and PSF are referred to as "Shares," the holders of the Shares are referred to as "Shareholders," each Company's board of directors or trustees is referred to as a "Board" and the directors or trustees are referred to as "Board Members" or may be collectively referred to as "Directors."
Each Company has a Board that, in addition to overseeing the actions of each Portfolio's Manager and Subadvisers, decides upon matters of general policy.
Prudential Investments LLC (PI), Gateway Center Three, 100 Mulberry Street, Newark, New Jersey 07102, serves as the manager of PSF and GIB under management agreements with each Company on behalf of each Portfolio. PI and AST Investment Services, Inc. serve as co-managers of AST under a management agreement with AST on behalf of each Portfolio. PI and, with respect to AST, both PI and AST Investment Services, Inc. are referred to as the "Manager." Shares of the Portfolios of PSF and GIB are distributed by Prudential Investment Management Services LLC (PIMS), located at 100 Mulberry Street, Newark, New Jersey 07102.
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Investment subadvisory services are provided to certain of the Portfolios of AST and PSF by PI through its three affiliates: Jennison Associates LLC (Jennison), Prudential Investment Management, Inc. (PIM), and Quantitative Management Associates LLC (QMA). Jennison is located at 466 Lexington Avenue, New York, NY 10017. PIM and QMA are each located at Gateway Center Two, 100 Mulberry Street, Newark, New Jersey 07102. Investment subadvisory services are provided to GIB by Jennison. In addition, certain of the Portfolios of AST and PSF receive investment subadvisory services through various unaffiliated subadvisers. A complete list of the Subadvisers for each Portfolio of PSF and AST as of the date of this proxy statement is set forth in Exhibit A.
VOTING INFORMATION
The Companies serve as investment options under variable contracts offered by insurance companies (each, a "Participating Insurance Company"). Each contract owner is entitled to give voting instructions equivalent to one vote for each full share, and a fractional vote for each fractional share, of each Company beneficially owned at the close of business on the record date (December 1, 2010).
In accordance with the requirements of the Securities and Exchange Commission ("SEC"), each Participating Insurance Company, as record owner of the shares of a Company, will vote the shares for which it does not receive instructions from the contract owner, beneficially owning the shares and the Participating Insurance Company will vote those shares in the same proportions as the votes cast in accordance with instructions received from contract owners. The presence at the Meeting of the Participating Insurance Companies affiliated with PI will be sufficient to constitute a quorum (because those Participating Insurance Companies own as of record more than the one-third of outstanding shares which constitutes a quorum for each Company). Therefore, this proportional voting procedure may result in a relatively small number of contract owners determining the outcome of the vote.
If a voting instruction card that is properly executed and returned is accompanied by instructions to withhold authority to vote (an abstention) or represents a broker "non-vote" (that is, a card from a broker or nominee indicating that such person has not received instructions from the beneficial owner or other person entitled to vote on a particular matter with respect to which the broker or nominee does not have discretionary power), the Shares represented thereby will not be voted. Because directors are elected based on a plurality, an abstention or a non-vote will have no effect on the outcome of the vote.
If your voting instruction card is properly executed and you give no voting instructions, your Shares will be voted FOR the nominees named herein for the Board of the Company to which the proxy card relates. If any nominee should withdraw or otherwise become unavailable for election, your Shares will be voted in favor of such other nominee or nominees as management may recommend. You may revoke any voting instruction card by giving another voting instruction card or by
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letter revoking the initial voting instruction card. To be effective your revocation must be received by the Company prior to the related Meeting and must indicate your name and account number. In addition, if you attend the Meeting in person you may, if you wish, vote by ballot at the Meeting, thereby canceling any voting instruction card previously given.
The Proposal does not require separate voting by individual Portfolios of a Company or by separate classes of a Portfolio. Shareholders of each Company vote together on the Proposal for that Company. To the knowledge of management, the executive officers and Board Members of each Company, as a group, owned less than 1% of the outstanding Shares of each Portfolio and each Company as of December 1, 2010. The number of shares of each Portfolio outstanding as of the close of business on December 1, 2010 is shown in Exhibit B. A listing of persons who owned beneficially more than 5% of any class of the Shares of a Portfolio as of December 1, 2010 is contained in Exhibit C.
COPIES OF EACH COMPANY'S MOST RECENT ANNUAL AND SEMI-ANNUAL REPORTS, INCLUDING FINANCIAL STATEMENTS, HAVE PREVIOUSLY BEEN DELIVERED TO SHAREHOLDERS. SHAREHOLDERS MAY OBTAIN WITHOUT CHARGE ADDITIONAL COPIES OF THE ANNUAL AND SEMI-ANNUAL REPORTS BY WRITING THE COMPANY AT GATEWAY CENTER THREE, 100 MULBERRY STREET, 4TH FLOOR, NEWARK, NEW JERSEY 07102, OR BY CALLING 1-800-225-1852 (TOLL FREE).
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THE PROPOSAL TO ELECT DIRECTORS OR TRUSTEES
DISCUSSION
The Board of each Company has nominated the ten individuals identified below for election to each Company's Board. Pertinent information about each nominee is set forth below. Each of the nominees has consented to being named in this proxy statement, and has indicated a willingness to serve if elected. AST and PSF, as trusts, have a board of trustees. GIB, as a corporation, has a board of directors. Directors and trustees serve the same oversight role and are referred to collectively as Board Members or Directors.
Board Members who are not "interested persons" of a Company (as defined in the Investment Company Act of 1940 (the 1940 Act)) are referred to as Independent Board Members or Independent Directors. Board Members who are "interested persons" (as defined in the 1940 Act) of a Company are referred to as Interested Board Members or Interested Directors.
Three individuals have been nominated to serve as Interested Directors: Stephen Pelletier, Timothy S. Cronin, and Robert F. Gunia. Mr. Pelletier currently serves as the President of each Company, and serves as an Interested Director of AST and GIB. Mr. Cronin currently serves as Vice President of each Company, and serves as an Interested Director of AST and GIB. Mr. Gunia currently serves as an Interested Director of AST, PSF and GIB. Mr. Pelletier and Mr. Cronin are employees of Prudential Financial, Inc. or its affiliates and therefore are referred to as Management Interested Directors. Mr. Gunia is no longer an employee of Prudential Financial, Inc. or its affiliates due to his retirement and therefore is referred to as a Non-Management Interested Director.
Seven individuals have been nominated to serve as Independent Directors. Six of the nominees for Independent Director currently serve as Independent Directors of AST, PSF and GIB.
The Board of AST is currently composed of three Interested Directors and six Independent Directors. The Board of PSF is currently composed of one Interested Director and six Independent Directors. The Board of GIB is currently composed of three interested Directors and six Independent Directors. The Chair of the Board of each Company is Thomas T. Mooney, who is an Independent Director. If all of the individuals nominated for election are elected by shareholders, the Board of each Company will be comprised of seven Independent Directors and three Interested Directors.
Section 16 of the 1940 Act effectively requires that at least 2/3 of the members of a mutual fund's board be elected by shareholders. The last time that shareholders of PSF, AST and GIB elected Board Members was in 2001, 2003 and 2003, respectively. Since then, as a result of retirements and subsequent appointments of new Board Members, each Company either has or soon will approach its statutory
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limitation under the 1940 Act and can no longer appoint additional Board Members without a shareholder vote. Further, with the pending retirement of certain Independent Directors in coming years, the Board has concluded that it is prudent to add an Independent Director at this time.
In order to assure the continuity and uninterrupted functioning of the Board of each Company, and to allow each Board to appoint new members in the future as circumstances and conditions may warrant, each Company's current Directors believes that it is appropriate for shareholders to elect a new Board for each Company covered by this proxy statement. By electing the nominees, shareholders will enable the addition of a new Director to facilitate the Board's transition through retirements and the Directors of each Company will have the flexibility necessary to appoint new members in the future in compliance with the requirements of the 1940 Act.
If elected, all nominees will hold office until the earlier to occur of: (a) the next meeting of shareholders of the Company at which Board Members are elected and until their successors are elected and qualified; or (b) until their terms expire in accordance with each Company's retirement policy; or (c) until they resign or are removed as permitted by law. Each Company's retirement policy generally calls for the retirement of Directors on December 31 of the year in which they reach the age of 78. The Governance Committee of the Board, however, may recommend to the Board the extension of a Director's service for a one-year term, which the Board can continue to renew annually for additional one-year periods.
Any Director may be removed by the holders of not less than a majority of the Company's outstanding Shares entitled to vote on the election of Directors. In the event of a vacancy on the Board, the remaining Directors will fill such vacancy by appointing another Director, so long as immediately after such appointment, at least 2/3 of the Directors have been elected by shareholders.
The Board of each Company met six times during the twelve months ended December 31, 2009. Each incumbent Director attended each of these meetings, with the exception of Stephen Pelletier, who attended four meetings. It is expected that the Directors will meet at least four times a year at regularly scheduled meetings. The number of Board meetings held during each Company's most recent fiscal year is set forth in Exhibit F.
None of the nominees is related to another. None of each Company's Independent Directors nor persons nominated to become Independent Directors owns shares of Prudential Financial, Inc. or its affiliates.
The name, age, current Board position, business experience and address of each Independent Director nominee and each Interested Director nominee (each a
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"Nominee"), as well as information regarding their service on the boards of other mutual funds in the Prudential mutual fund complex, is as follows:
PROPOSED INDEPENDENT DIRECTOR NOMINEES*
Susan Davenport Austin (Age: 43) | Proposed New Director
Principal Occupation(s) During Past Five Years: Senior Vice President and Chief Financial Officer (Since 2007) and Vice President of Strategic Planning and Treasurer (2002-2007) of Sheridan Broadcasting Corporation; President of Sheridan Gospel Network (Since 2004); Vice President, Goldman, Sachs & Co. (2000-2001); Associate Director, Bear, Stearns & Co. Inc. (1997-2000); Vice President, Salomon Brothers Inc. (1993-1997); President of the Board, The MacDowell Colony (Since 2010); Member of the Board of Directors, Broadcast Music, Inc. (Since 2007); Member of the Board of Directors of the National Association of Broadcasters Education Foundation (Since 2010); formerly Member of the Board of Directors, National Association of Broadcasters (2004-2010).
No. of Portfolios Currently Overseen: 0
No. of Portfolios To Be Overseen if Elected: 80
Other Directorships Held**: None
Saul K. Fenster, Ph.D. (Age: 77) | Director of AST, PSF & GIB | Joined AST Board in 2003 | Joined PSF Board in 1983 | Joined GIB Board in 1985
Principal Occupation(s) During Past Five Years: President Emeritus of New Jersey Institute of Technology (since 2002); formerly President (1978-2002) of New Jersey Institute of Technology; Commissioner (1998-2002) of the Middle States Association Commission on Higher Education; Commissioner (1985-2002) of the New Jersey Commission on Science and Technology; formerly Director (1998-2005) of Society of Manufacturing Engineering Education Foundation; formerly Director of Prosperity New Jersey; formerly a director or trustee of Liberty Science Center, Research and Development Council of New Jersey, New Jersey State Chamber of Commerce, and National Action Council for Minorities in Engineering.
No. of Portfolios Currently Overseen: 80
No. of Portfolios To Be Overseen if Elected: 80
Other Directorships Held**: Formerly Director (2000-2006) of IDT Corporation.
Delayne Dedrick Gold (Age: 72) | Director of AST, PSF & GIB | Joined AST Board in 2003 | Joined PSF Board in 2001 | Joined GIB Board in 2003
Principal Occupation(s) During Past Five Years: Marketing Consultant (1982-present); formerly Senior Vice President and Member of the Board of Directors, Prudential Bache Securities, Inc.
No. of Portfolios Currently Overseen: 80
No. of Portfolios To Be Overseen if Elected: 80
Other Directorships Held: None
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W. Scott McDonald, Jr. (Age: 73) | Director of AST, PSF & GIB, & Vice-Chairman | Joined AST Board in 2003 | Joined PSF Board in 1983 | Joined GIB Board in 1985
Principal Occupation(s) During Past Five Years: Formerly Management Consultant (1997-2004) and of Counsel (2004-2005) at Kaludis Consulting Group, Inc. (company serving higher education); formerly principal (1995-1997), Scott McDonald Associates; Chief Operating Officer (1991-1995), Fairleigh Dickinson University; Executive Vice President and Chief Operating Officer (1975-1991), Drew University; interim President (1988-1990), Drew University; formerly Director of School, College and University Underwriters Ltd.
No. of Portfolios Currently Overseen: 80
No. of Portfolios To Be Overseen if Elected: 80
Other Directorships Held**: None
Thomas T. Mooney (Age: 69) | Director of AST, PSF & GIB, & Chairman | Joined AST Board in 2003 | Joined PSF Board in 2001 | Joined GIB Board in 2003
Principal Occupation(s) During Past Five Years: Formerly Chief Executive Officer, Excell Partners, Inc. (2005-2007); formerly President of the Greater Rochester Metro Chamber of Commerce (1976-2004); formerly Rochester City Manager (1973); formerly Deputy Monroe County Executive (1974-1976).
No. of Portfolios Currently Overseen: 80
No. of Portfolios To Be Overseen if Elected: 80
Other Directorships Held**: None
Thomas M. O'Brien (Age: 60) | Director of AST, PSF & GIB | Joined AST Board in 1992 | Joined PSF Board in 2003 | Joined GIB Board in 2003
Principal Occupation(s) During Past Five Years: President and COO (since November 2006) and CEO (since April 2007) of State Bancorp, Inc. and State Bank; formerly Vice Chairman (January 1997-April 2000) of North Fork Bank; formerly President and Chief Executive Officer (December 1984-December 1996) of North Side Savings Bank; formerly President and Chief Executive Officer (May 2000-June 2006) Atlantic Bank of New York.
No. of Portfolios Currently Overseen: 80
No. of Portfolios To Be Overseen if Elected: 80
Other Directorships Held**: Director (since April 2008) of Federal Home Loan Bank of New York; formerly Director (December 1996-May 2000) of North Fork Bancorporation, Inc.; formerly Director (May 2000-April 2006) of Atlantic Bank of New York; Director (since November 2006) of State Bancorp, Inc. (NASDAQ: STBC) and State Bank of Long Island.
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F. Don Schwartz (Age: 75) | Director of AST, PSF & GIB | Joined AST Board in 1992 | Joined PSF Board in 2003 | Joined GIB Board in 2003
Principal Occupation(s) During Past Five Years: Independent Management/Marketing Consultant (since 2002); formerly CEO and President of AceCo, Inc. (1985-2001) (consulting firm specializing in universal/variable life and variable annuity products); formerly Vice President of The Equitable Life Assurance Society; formerly Guest Insurance Professor at the American College, Louisiana State University, Alabama State University and the Insurance Marketing Institute; Advisor to several state insurance commissioners; a Chartered Life Underwriter, Chartered Financial Consultant and Fellow of the Life Insurance Management Institute.
No. of Portfolios Currently Overseen: 80
No. of Portfolios To Be Overseen if Elected: 80
Other Directorships Held**: None.
PROPOSED INTERESTED DIRECTOR NOMINEES*
Stephen Pelletier (Age: 57) | Director of AST & GIB | President of AST, PSF & GIB | Joined AST Board in 2008 | Joined GIB Board in 2008
Principal Occupation(s) During Past Five Years: President of Prudential Annuities (since September 2008); Chairman and CEO, International Investments, Prudential Financial (since January 1998).
No. of Portfolios Currently Overseen: 61
No. of Portfolios To Be Overseen if Elected: 80
Other Directorships Held**: None
Timothy S. Cronin (Age: 45) | Director of AST & GIB | Vice President of AST, PSF & GIB | Joined AST Board in 2009 | Joined GIB Board in 2009
Principal Occupation(s) During Past Five Years: Chief Investment Officer and Strategist of Prudential Annuities (since January 2004); Director of Investment & Research Strategy (since February 1998); President of AST Investment Services, Inc. (since June 2005).
No. of Portfolios Currently Overseen: 61
No. of Portfolios To Be Overseen if Elected: 80
Other Directorships Held**: None.
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Robert F. Gunia (Age: 64) | Director of AST, PSF & GIB | Joined AST Board in 2003 | Joined PSF Board in 2001 | Joined GIB Board in 2003
Principal Occupation(s) During Past Five Years: Independent Consultant (since October 2009); formerly Chief Administrative Officer (September 1999-September 2009) and Executive Vice President (December 1996-September 2009) of Prudential Investments LLC; formerly Executive Vice President (March 1999-September 2009) and Treasurer (May 2000-September 2009) of Prudential Mutual Fund Services LLC; formerly President (April 1999-December 2008) and Executive Vice President and Chief Operating Officer (December 2008-December 2009) of Prudential Investment Management Services LLC; formerly Chief Administrative Officer, Executive Vice President and Director (May 2003-September 2009) of AST Investment Services, Inc.
No. of Portfolios Currently Overseen: 80
No. of Portfolios To Be Overseen if Elected: 80
Other Directorships Held**: Director (since May 1989) of The Asia Pacific Fund, Inc.
* The address of each nominee is c/o Prudential Investments LLC, 100 Mulberry Street, Gateway Center Three, Newark, New Jersey 07102.
** "Other Directorships Held" includes only directorships of companies required to register or file reports with the SEC under the Securities Exchange Act of 1934 (that is, "public companies") or other investment companies registered under the 1940 Act.
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BOARD LEADERSHIP STRUCTURE AND QUALIFICATIONS OF THE NOMINEES
The Board is responsible for oversight of each Company and its Portfolios. Each Company has engaged the Manager to manage the Company on a day-to-day basis. The Board oversees the Manager and certain other principal service providers in the operations of the Company. The Board of AST and GIB is currently composed of nine members, six of whom are Independent Directors. The Board of PSF is currently composed of seven members, six of whom are Independent Board Members. One current Board Member is no longer an employee of the Manager or its affiliates but does not currently meet the requirements for an Independent Director, and therefore is referred to as a Non-Management Interested Director. There are also two Directors who are employed by the Manager and therefore are referred to as Management Interested Directors. Those two Management Interested Directors currently serve on the Board of AST and GIB, but they have not been added to the Board o f PSF because of the 1940 Act percentage limitations on adding Directors without shareholder approval.
The Board meets in-person at regularly scheduled meetings four times throughout the year. In addition, the Board Members may meet in-person or by telephone at special meetings or on an informal basis at other times. As further described in "Standing Committees" below, the Board has established three standing committees — Audit, Compliance and Governance — and may establish ad hoc committees or working groups from time to time, to assist the Board in fulfilling its oversight responsibilities. The Independent Directors have also engaged independent legal counsel to assist them in fulfilling their responsibilities.
The Board is chaired by an Independent Director. As Chair, this Independent Director leads the Board in its activities. Also, the Chair acts as a member or an ex-officio member of each standing committee and any ad hoc committee of the Board of Directors. The Board is vice chaired by an Independent Director. As Vice-Chair, this Independent Director will, in the absence of the Chair, lead the Board in its activities. The Directors have determined that the Board's leadership and committee structure is appropriate because the Board believes it sets the proper tone as to the relationships between the Companies, on the one hand, and the Manager, the subadviser(s) and certain other principal service providers, on the other, and facilitates the exercise of the Board's independent judgment in evaluating and managing the relationships. In addition, the structure efficiently allocates responsibility among committees.
The Board has concluded that, based on each Nominee's experience, qualifications, attributes or skills on an individual basis and in combination with those of the other Nominees, each Nominee should serve as a Board Member. Among other attributes common to all Nominees are their ability to review critically, evaluate, question and discuss information provided to them, to interact effectively with the various service providers to the Company, and to exercise reasonable business judgment in the performance of their duties as Board Members. In addition, for
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Directors presently serving on the Board, the Board has taken into account the actual service and commitment of the Board members during their tenure in concluding that each should continue to serve. A Nominee's ability to perform his or her duties effectively may have been attained through a Nominee's educational background or professional training; business, consulting, public service or academic positions; experience from service as a Board Member of the Fund, other funds managed by PI or its affiliates, public companies, or non-profit entities or other organizations; or other experiences. Set forth below is a brief discussion of the specific experience qualifications, attributes or skills of each Nominee that led the Board to conclude that he or she should serve as a Board Member.
Ms. Gold and Messrs. Fenster, McDonald, Mooney, O'Brien and Schwartz have each served for more than 10 years as a Board Member of mutual funds advised by the Manager or its predecessors, including some or all of the following funds: AST, PSF, GIB and/or other mutual funds advised by PI or its predecessors. In addition, Messrs. Fenster and McDonald have more than 20 years of experience in senior leadership positions at institutions of higher learning. Ms. Gold has more than 20 years of experience in the financial services industry. Mr. Mooney has served for more than 30 years in senior leadership positions with municipal organizations and other companies. Mr. O'Brien has more than 25 years of experience in senior leadership positions in the banking industry. Mr. Schwartz has more than 30 years experience as a management consultant including in the financial services industry, and additional experience in the insurance industry. Messrs. Fenste r, Mooney and O'Brien have served on boards of other entities. Mr. Gunia has served for more than 10 years as a Board Member of mutual funds advised by the Manager or its predecessors. In addition, Mr. Gunia served in senior leadership positions for 28 years with the Manager and its affiliates and predecessors. Ms. Austin currently serves as a director and as Senior Vice President and Chief Financial Officer of Sheridan Broadcasting Corporation and President of the Sheridan Gospel Network. In addition to her experience in senior leadership positions with private companies, Ms. Austin has more than 10 years of experience in the investment banking industry. Mr. Pelletier, who has served as an Interested Director and/or President of the Companies and other funds advised by the Manager since 2008, is President of Prudential Annuities. Mr. Cronin, an Interested Director and/or officer of the Companies and other funds advised by the Manager, has held senior positions with Prudential Financial, Inc. (and American S kandia, which was purchased by Prudential Financial) since 1998.
Specific details about each Director's professional experience are set forth in the professional biography tables, above.
In recommending the nomination of each Director nominee, the Board considered, among other things, the individual's background, skills and experience and whether these complemented the background, skills and experience of the other nominees and contributed to the diversity of the Board.
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Risk Oversight
Investing in general and the operation of a mutual fund involve a variety of risks, such as investment risk, compliance risk, and operational risk, among others. The Board oversees risk as part of its oversight of the Companies. Risk oversight is addressed as part of various regular Board and committee activities. The Board, directly or through its committees, reviews reports from among others, the Manager, sub-advisers, the Companies' Chief Compliance Officer, the Companies' independent registered public accounting firm, counsel, and internal auditors of the Manager or its affiliates, as appropriate, regarding risks faced by the Companies and the risk management programs of the Manager and certain service providers. The actual day-to-day risk management with respect to the Companies resides with the Manager and other service providers to the Companies. Although the risk management policies of the Manager and the service providers are design ed to be effective, those policies and their implementation vary among service providers and over time, and there is no guarantee that they will be effective. Not all risks that may affect the Companies can be identified or processes and controls developed to eliminate or mitigate their occurrence or effects, and some risks are simply beyond any control of the Companies or the Manager, its affiliates or other service providers.
SHARE OWNERSHIP TABLE — INDEPENDENT DIRECTOR NOMINEES
Information relating to each Nominee's share ownership as of the most recently completed calendar year is set forth in the charts below. The Board has adopted a policy to encourage each Director, to the extent it is financially suitable, to maintain investments, either directly or beneficially, in the Portfolios (or other funds advised by the Manager) that are equal to the aggregate fees for one year that he or she receives for Board-related service to the Portfolios.
Nominee | | Dollar Range of Securities in each of AST, PSF, GIB | | Aggregate Dollar Range of Securities in all Registered Investment Companies Advised by PI | |
Susan Davenport Austin | | None | | None | |
Saul K. Fenster | | None | | Over $100,000 | |
Delayne Dedrick Gold | | None | | Over $100,000 | |
W. Scott McDonald, Jr. | | None | | Over $100,000 | |
Thomas T. Mooney | | None | | Over $100,000 | |
Thomas M. O'Brien | | None | | Over $100,000 | |
F. Don Schwartz | | None | | Over $100,000 | |
12
SHARE OWNERSHIP TABLE — INTERESTED DIRECTOR NOMINEES
Nominee | | Dollar Range of Securities in each of AST, PSF, GIB | | Aggregate Dollar Range of Securities in all Registered Investment Companies Advised by PI | |
Stephen Pelletier | | None | | Over $100,000 | |
Timothy S. Cronin | | None | | $50,001 - $100,000 | |
Robert F. Gunia | | PSF Stock | | Over $100,000 | |
| | Index Portfolio $10,001-$50,000 | | | |
| | PSF Equity Portfolio $1-$10,000 | | | |
| | PSF Jennison Portfolio $1-$10,000 | | | |
| | PSF Global Portfolio $1-$10,000 | | | |
None of the Independent Director Nominees, or any member of his/her immediate family, owned beneficially or of record any securities in an investment adviser or principal underwriter of a Company or a person (other than a registered investment company) directly or indirectly controlling, controlled by, or under common control with an investment adviser or principal underwriter of a Company as of December 31, 2009.
Information concerning Company officers is set forth in Exhibit D.
DIRECTOR COMPENSATION
As of January 1, 2011, each Independent Director and Non-Management Interested Director will receive an annual retainer of $210,000 from all Companies in the aggregate. The annual retainer for the calendar year ending December 31, 2010 was $195,000. The Independent Director who serves as the Chair of each Company's Board receives an additional annual aggregate retainer of $70,000. In addition, the Independent Directors and Non-Management Interested Directors who are members of a Company's Audit, Governance or Compliance Committees receive an annual aggregate retainer of $20,000 for their service on the Committees, except that the Chair of each Committee receives an annual aggregate retainer of $40,000. Independent Directors and Non-Management Interested Directors receive reimbursement for any expenses incurred in attending meetings and for other incidental expenses.
The Management Interested Directors, who are Messrs. Cronin and Pelletier, do not receive any compensation from the Companies, and they do not receive any pension or retirement benefits for their service as Directors.
13
Set forth below is information describing the aggregate compensation paid by each Company for each Company's most recently completed fiscal year and by the fund complex for the calendar year ended December 31, 2009 to each of the Independent Director Nominees and Non-Management Interested Director Nominees for his/her services. Aggregate compensation numbers shown are for the calendar year ended December 31, 2009, the last full calendar year for which aggregate compensation numbers are available. We do not expect any material difference in the aggregate compensation numbers for the calendar year ending December 31, 2010, although the aggregate compensation figures for the calendar year ending December 31, 2010 will reflect an increase in the annual retainer which became effective as of January 1, 2010.
COMPENSATION PAID TO NOMINEES
Nominee | | Fund | | Fiscal Year Compensation Paid by Fund to Nominee | | Calendar Year Aggregate Compensation Paid by Fund & Fund Complex to Nominee(1) | |
Susan Davenport Austin | | PSF | | | None | | | None | |
| | AST | | | None | | | None | |
| | GIB | | | None | | | None | |
Saul K. Fenster | | PSF | | $ | 74,890 | | | $220,000 (3/81)(2) | |
| | AST | | $ | 143,350 | | | $220,000 (3/81)(2) | |
| | GIB | | $ | 1,500 | | | $220,000 (3/81)(2) | |
Delayne Dedrick Gold | | PSF | | $ | 74,890 | | | $220,000 (3/81)(2) | |
| | AST | | $ | 143,350 | | | $220,000 (3/81)(2) | |
| | GIB | | $ | 1,500 | | | $220,000 (3/81)(2) | |
Robert F. Gunia(3) | | PSF | | $ | 8,970 | | | $30,000 (3/81)(2) | |
| | AST | | $ | 21,950 | | | $30,000 (3/81)(2) | |
| | GIB | | $ | 230 | | | $30,000 (3/81)(2) | |
W. Scott McDonald, Jr.(4) | | PSF | | $ | 82,240 | | | $240,000 (3/81)(2) | |
| | AST | | $ | 155,900 | | | $240,000 (3/81)(2) | |
| | GIB | | $ | 1,560 | | | $240,000 (3/81)(2) | |
Thomas T. Mooney(4) | | PSF | | $ | 93,220 | | | $270,000 (3/81)(2) | |
| | AST | | $ | 174,790 | | | $270,000 (3/81)(2) | |
| | GIB | | $ | 1,630 | | | $270,000 (3/81)(2) | |
Thomas M. O'Brien(4) | | PSF | | $ | 82,240 | | | $240,000 (3/81)(2) | |
| | AST | | $ | 155,900 | | | $240,000 (3/81)(2) | |
| | GIB | | $ | 1,560 | | | $240,000 (3/81)(2) | |
14
Nominee | | Fund | | Fiscal Year Compensation Paid by Fund to Nominee | | Calendar Year Aggregate Compensation Paid by Fund & Fund Complex to Nominee(1) | |
F. Don Schwartz(4) | | PSF | | $ | 67,640 | | | $200,000 (3/81)(2) | |
| | AST | | $ | 130,710 | | | $200,000 (3/81)(2) | |
| | GIB | | $ | 1,440 | | | $200,000 (3/81)(2) | |
(1) Compensation relates to Portfolios that were in existence during 2009.
(2) Number of Portfolios represents those in existence as of December 31, 2009 and excludes Portfolios that have merged or liquidated during the year.
(3) The Companies commenced paying Mr. Gunia compensation when he became a Non-Management Interested Director, which was on/about October 22, 2009.
(4) Earnings stated above exclude earnings in 2009 on deferred compensation balances, for Directors who had deferred their fees in 2009 or earlier: W. Scott McDonald, Jr.: $26,941, Thomas T. Mooney: $164,601; Thomas M. O'Brien: $357,558, F. Don Schwartz: $37,014.
STANDING COMMITTEES
Board Committees. The Board has established three standing committees in connection with governance of each Company — Audit, Compliance and Governance. Information on the membership of each standing committee and its functions is set forth below.
Audit Committee. The Audit Committee consists of Mr. O'Brien (chair), Ms. Gold and Mr. Mooney. The Board has determined that each member of the Audit Committee is not an "interested person" of the Companies as defined in the 1940 Act. The responsibilities of the Audit Committee are to assist the Board in overseeing the Company's independent registered public accounting firm, accounting policies and procedures, and other areas relating to the Company's auditing processes. The Audit Committee is responsible for pre-approving all audit services and any permitted non-audit services to be provided by the independent registered public accounting firm directly to the Companies. The Audit Committee is also responsible for pre-approving permitted non-audit services to be provided by the independent registered public accounting firm to (1) the Manager and (2) any enti ty in a control relationship with the Manager that provides ongoing services to the Companies, provided that the engagement of the independent registered public accounting firm relates directly to the operation and financial reporting of the Companies. The scope of the Audit Committee's responsibilities is oversight. It is management's responsibility to maintain appropriate systems for accounting and internal control and the independent registered public accounting firm's responsibility to plan and carry out an audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). The Audit Committee Charter is attached as Exhibit E below. The
15
number of Audit Committee meetings held during the Companies' most recently completed fiscal year is set forth in Exhibit F below.
Compliance Committee. The Compliance Committee consists of Mr. McDonald (chair), Ms. Gold, Mr. O'Brien, Mr. Gunia and Mr. Mooney (ex-officio). The Compliance Committee serves as a liaison between the Board and the Companies' Chief Compliance Officer (CCO). The Compliance Committee is responsible for considering, in consultation with the Board's Chair and outside counsel, any material compliance matters that are identified and reported by the CCO to the Compliance Committee between Board meetings. The Compliance Committee is also responsible for considering, when requested by the CCO, the CCO's recommendations regarding the materiality of compliance matters to be reported to the Board. The Compliance Committee reviews compliance matters that it determines warrant review between Board meetings. Further, when the CCO wishes to engage an independent third party to perform compliance-related work at the Companies' expense, the Compliance Committee will evaluate with the CCO which third party to recommend to the Board as well as the appropriate scope of the work. The number of Compliance Committee meetings held during the Companies' most recently completed fiscal year is set forth in Exhibit F below.
Governance Committee. The Governance Committee of the Board is responsible for nominating Directors and making recommendations to the Board concerning Board composition, committee structure and governance, director compensation and expenses, director education, and governance practices. The members of the Governance Committee are Mr. Fenster (Chair), Mr. McDonald, Mr. Schwartz and Mr. Mooney (ex-officio). The Board has determined that each member of the Governance Committee is not an "interested person" of the Companies as defined in the 1940 Act. The number of Governance Committee meetings held during the Companies' most recently completed fiscal year is set forth in Exhibit E below. The Governance Committee charter is attached as Exhibit G below.
The Governance Committee is responsible for considering nominees for Directors at such times as it considers electing new members to the Board. The Governance Committee may consider recommendations by business and personal contacts of current Board members, and by executive search firms which the Committee may engage from time to time and will also consider shareholder recommendations. The Governance Committee has not established specific, minimum qualifications that it believes must be met by a nominee. In evaluating nominees, the Governance Committee considers, among other things, an individual's background, skills, and experience; whether the individual is an "interested person" of the Companies as defined in the 1940 Act; and whether the individual would be deemed an "audit committee financial expert" within the meaning of applicable SEC rules.
16
The Governance Committee also considers whether the individual's background, skills, and experience will complement the background, skills, and experience of other nominees and will contribute to the diversity of the Board. There are no differences in the manner in which the Governance Committee evaluates nominees for the Board based on whether the nominee is recommended by a shareholder.
A shareholder who wishes to recommend a director for nomination should submit his or her recommendation in writing to the Chair of the Board (Thomas T. Mooney) or the Chair of the Governance Committee (Saul K. Fenster), in either case in care of the Companies, at Gateway Center Three, 100 Mulberry Street, 4th Floor, Newark, New Jersey 07102-4077. At a minimum, the recommendation should include: the name, address, and business, educational, and/or other pertinent background of the person being recommended; a statement concerning whether the person is an "interested person" as defined in the 1940 Act; any other information that the Company would be required to include in a proxy statement concerning the person if he or she was nominated; and the name and address of the person submitting the recommendation, together with the number of Company shares held by such person and the period for which the shares have been held. The recommendation also can include any additional information which the person submitting it believes would assist the Governance Committee in evaluating the recommendation.
Shareholders should note that a person who owns securities issued by Prudential Financial, Inc. (the parent company of the Manager) would be deemed an "interested person" under the 1940 Act. In addition, certain other relationships with Prudential Financial, Inc. or its subsidiaries, with registered broker-dealers, or with the Companies' outside legal counsel may cause a person to be deemed an "interested person." Before the Governance Committee decides to nominate an individual to the Board, Committee members and other Board members customarily interview the individual in person. In addition, the individual customarily is asked to complete a detailed questionnaire, which is designed to elicit information which must be disclosed under SEC rules and to determine whether the individual is subject to any statutory disqualification from serving on the board of a registered investment company.
A shareholder who wishes to communicate directly with the Board may write to the Chair of the Board (Thomas T. Mooney) in care of the Companies, at Gateway Center Three, 100 Mulberry Street, 4th Floor, Newark, New Jersey 07102-4077. A shareholder who wishes to communicate directly with an individual Director may write to that Director in care of the Companies, at Gateway Center Three, 100 Mulberry Street, 4th Floor, Newark, New Jersey 07102-4077. Such communications to the Board or an individual Director are not screened before being delivered to the addressee.
17
AUDIT FEES
The aggregate fees billed by KPMG for professional services rendered for the audit of each Company's annual financial statements for each of its two most recently completed fiscal years is set forth in Exhibit H below.
AUDIT-RELATED FEES
For each Company's two most recent fiscal years, KPMG did not bill any fees related to the performance of the audit or review of financial statements, but that are not reported under "Audit Fees," including accounting consultations, agreed-upon procedure reports, attestation reports, comfort letters, out-of-pocket expenses and internal control reviews not required by regulators.
TAX FEES
For each Company's two most recent fiscal years, KPMG did not bill any fees associated with tax compliance, tax advice and tax planning, including services relating to the filing or amendment of federal, state or local income tax returns, regulated investment company qualification reviews, tax distribution and analysis reviews and miscellaneous tax advice.
ALL OTHER FEES
For each Company's two most recent fiscal years, KPMG did not bill any fees for products and services provided to the Companies other than those reported under "Audit Fees," "Audit-Related Fees" and "Tax Fees."
The charter of each Audit Committee requires that the Audit Committee approve all audit services and any permitted non-audit services to be provided by KPMG directly to the Company. Each Audit Committee is also responsible for pre-approving permitted non-audit services to be provided by KPMG to (1) the Manager and (2) any entity in a control relationship with the Manager that provides ongoing services to the Companies ("Affiliated Service Providers"), provided that the engagement of KPMG relates directly to the operation and financial reporting of the Company.
The Audit Committee of each Company has adopted policies and procedures with regard to the pre-approval of services. The Audit Committee is charged with the responsibility to monitor the independence of the Company's independent accountants. As part of this responsibility, the Audit Committee must pre-approve any independent accounting firm's engagement to render audit and/or permissible non-audit services, as required by law. In evaluating a proposed engagement of the independent accountants, the Audit Committee will assess the effect that the engagement might reasonably be expected to have on the accountant's independence. The Committee's evaluation will be based on:
• a review of the nature of the professional services expected to be provided,
18
• a review of the safeguards put into place by the accounting firm to safeguard independence, and
• periodic meetings with the accounting firm.
For each Company's two most recent fiscal years, there were no fees paid for non-audit services to the Company's Manager and Affiliated Service Providers for which pre-approval by the Audit Committee was required, or for which pre-approval was not required.
Each Audit Committee has considered whether the provision of non-audit services that were rendered by KPMG to the Manager and Affiliated Service Providers that were not pre-approved is compatible with maintaining KPMG's independence. All services provided by KPMG to each Company, the Manager or Affiliated Service Providers that were required to be pre-approved were pre-approved as required.
PROXY COSTS
With respect to PSF and GIB, all of the costs of the Meeting, including printing, postage, voting tabulation and other proxy-related expenses, will be borne by PSF and GIB. With respect to AST, all of the costs of the Meeting, including printing, postage, voting tabulation and other proxy-related expenses will be paid by Participating Insurance Companies out of the administrative fee that AST already pays to Participating Insurance Companies. Costs will be allocated among PSF, GIB and AST proportionally.
REQUIRED VOTE
The nominees receiving the affirmative vote of a plurality, in the case of each Company, of the votes cast will be elected, provided a quorum is present.
EACH BOARD, INCLUDING ITS INDEPENDENT BOARD MEMBERS, RECOMMENDS THAT YOU VOTE "FOR" EACH OF THE NOMINEES.
SHAREHOLDER PROPOSALS
The Companies will not be required to hold meetings of shareholders, unless, for example, the election of Board Members is required to be acted on by shareholders under the 1940 Act. It is the present intention of the Board of each Company not to hold annual meetings of shareholders unless such shareholder action is required.
Any shareholder who wishes to submit a proposal to be considered at a Company's next meeting of shareholders should send the proposal to that Company at Gateway Center Three, 100 Mulberry Street, 4th Floor, Newark, New Jersey 07102. In order to be included in the proxy statement and voting instruction card for a meeting, or be brought before such meeting, the proposal must be received by the
19
Company within a reasonable time before the Company begins to print and send its proxy materials.
Shareholder proposals that are submitted in a timely manner will not necessarily be included in the Company's proxy materials. Inclusion of such proposals is subject to limitations under the federal securities laws.
OTHER BUSINESS
Management knows of no business to be presented at the Meetings other than the matters set forth in this proxy statement, but should any other matter requiring a vote of shareholders arise, the Participating Insurance Companies will vote according to their best judgment in the interest of each Company, respectively.
Deborah A. Docs
Secretary
December 28, 2010
It is important that you execute and return ALL of your voting instruction cards promptly.
20
INDEX TO EXHIBITS TO PROXY STATEMENT
Exhibit A Subadvisers for PSF & AST
Exhibit B Outstanding Shares (as of Record Date)
Exhibit C Five Percent Shareholders (as of Record Date)
Exhibit D Officer Information
Exhibit E Audit Committee Charter
Exhibit F Board & Board Committee Meetings
Exhibit G Governance Committee Charter
Exhibit H Audit Fees
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Exhibit A
Subadvisers for Portfolios of PSF:
Portfolio | | Subadviser | |
Conservative Balanced | | QMA, PIM | |
|
Diversified Bond | | PIM | |
|
Equity | | Jennison | |
|
Flexible Managed | | QMA, PIM | |
|
Global | | • William Blair & Company, LLC | |
|
| | • LSV Asset Management LLC | |
|
| | • Marsico Capital Management | |
|
| | • T. Rowe Price Associates, Inc. | |
|
| | • QMA | |
|
Government Income | | PIM | |
|
High Yield Bond | | PIM | |
|
Jennison | | Jennison | |
|
Jennison 20/20 Focus | | Jennison | |
|
SP Growth Asset Allocation | | QMA | |
|
Money Market | | PIM | |
|
Natural Resources | | Jennison | |
|
Small Capitalization Stock | | QMA | |
|
Stock Index | | QMA | |
|
Value | | Jennison | |
|
SP International Growth | | • William Blair & Company, LLC | |
|
| | • Marsico Capital Management LLC | |
|
SP International Value | | • LSV Asset Management | |
|
| | • Thornburg Investment Management, Inc. | |
|
SP Prudential U.S. Emerging Growth | | Jennison | |
|
SP Small Cap Value | | • Goldman Sachs Asset Management, L.P. | |
|
| | • ClearBridge Advisors LLC | |
|
A-1
Subadvisers for Portfolios of AST:
Portfolio | | Subadviser | |
AST Academic Strategies | | • QMA | |
|
Asset Allocation | | • Jennison Associates LLC | |
|
| | • Prudential Bache Asset Management Inc. | |
|
| | • Pacific Investment Management Company LLC (PIMCO) | |
|
| | • Mellon Capital Management | |
|
| | • First Quadrant | |
|
| | • Alpha Simplex | |
|
| | • AQR Capital Management LLC | |
|
| | • CNH Partners LLC | |
|
AST Advanced Strategies | | • QMA | |
|
| | • Marsico Capital Management LLC | |
|
| | • T. Rowe Price Associates, Inc. | |
|
| | • William Blair & Company LLC | |
|
| | • LSV Asset Management | |
|
| | • PIMCO | |
|
AST Aggressive Asset Allocation | | QMA | |
|
AST AllianceBernstein Core Value | | AllianceBernstein, L.P. | |
|
AST AllianceBernstein Growth and Income | | AllianceBernstein, L.P.
| |
|
AST American Century Income & Growth | | American Century Investment Management, Inc. | |
|
AST Balanced Asset Allocation | | QMA | |
|
AST Bond Portfolio 2015 | | PIM | |
|
AST Bond Portfolio 2016 | | PIM | |
|
AST Bond Portfolio 2017 | | PIM | |
|
AST Bond Portfolio 2018 | | PIM | |
|
AST Bond Portfolio 2019 | | PIM | |
|
AST Bond Portfolio 2020 | | PIM | |
|
AST Bond Portfolio 2021 | | PIM | |
|
AST Capital Growth Asset Allocation Portfolio | | QMA
| |
|
A-2
Portfolio | | Subadviser | |
AST CLS Growth Asset Allocation | | CLS Investments, LLC | |
|
AST CLS Moderate Asset Allocation | | CLS Investments, LLC | |
|
AST Cohen & Steers Realty | | Cohen & Steers Capital Management, Inc. | |
|
AST Federated Aggressive Growth | | Federated Equity Management Co. of Pennsylvania | |
|
AST FI Pyramis® Asset Allocation Portfolio | | Pyramis Global Advisors, LLC
| |
|
AST First Trust Balanced Target | | First Trust Advisors L.P. | |
|
AST First Trust Capital Appreciation Target | | First Trust Advisors L.P.
| |
|
AST Global Real Estate | | Prudential Real Estate Investors, a business unit of PIM | |
|
AST Goldman Sachs Concentrated Growth | | Goldman Sachs Asset Management, L.P. | |
|
AST Goldman Sachs Mid-Cap Growth | | Goldman Sachs Asset Management, L.P. | |
|
AST Goldman Sachs Small-Cap Value | | Goldman Sachs Asset Management, L.P. | |
|
AST High Yield | | • PIM | |
|
| | • J.P. Morgan Investment Management, Inc. | |
|
AST Horizon Growth Asset Allocation | | Horizon Investments, LLC | |
|
AST Horizon Moderate Asset Allocation | | Horizon Investments, LLC
| |
|
AST International Growth | | • William Blair & Company • Marsico Capital Management, LLC | |
|
AST International Value | | • LSV Asset Management | |
|
| | • Thornburg Investment Management, Inc. | |
|
AST Investment Grade Bond | | PIM | |
|
AST Jennison Large-Cap Growth | | Jennison | |
|
A-3
Portfolio | | Subadviser | |
AST Jennison Large-Cap Value | | Jennison | |
|
AST JPMorgan International Equity | | J.P. Morgan Investment Management Inc. | |
|
AST JPMorgan Strategic Opportunities | | J.P. Morgan Investment Management Inc. | |
|
AST Large-Cap Value | | • Hotchkis and Wiley Capital Management, LLC | |
|
| | • Eaton Vance Management | |
|
AST Lord Abbett Bond-Debenture | | Lord, Abbett & Co. LLC | |
|
AST Marsico Capital Growth | | Marsico Capital Management LLC | |
|
AST MFS Global Equity | | Massachusetts Financial Services Company | |
|
AST MFS Growth | | Massachusetts Financial Services Company | |
|
AST Mid-Cap Value | | • WEDGE Capital Management, LLP • EARNEST Partners LLC | |
|
AST Money Market | | PIM | |
|
AST Neuberger Berman Mid-Cap Growth | | Neuberger Berman Management LLC
| |
|
AST Neuberger Berman / LSV Mid-Cap Value | | • Neuberger Berman Management LLC • LSV Asset Management | |
|
AST Neuberger Berman Small-Cap Growth | | Neuberger Berman Management LLC
| |
|
AST Parametric Emerging Markets Equity | | Parametric Portfolio Associates
| |
|
AST PIMCO Limited Maturity Bond | | PIMCO | |
|
AST PIMCO Total Return Bond | | PIMCO | |
|
AST Preservation Asset Allocation | | QMA | |
|
AST QMA US Equity Alpha | | QMA | |
|
A-4
Portfolio | | Subadviser | |
AST Schroders Multi-Asset World Strategies | | • Schroder Investment Management North America Inc. | |
|
| | • Schroder Investment Management North America Limited | |
|
AST Small-Cap Growth | | Eagle Asset Management Inc. | |
|
AST Small-Cap Value | | • J.P. Morgan Investment Management, Inc. | |
|
| | • Lee Munder Capital Group LLC | |
|
| | • ClearBridge Advisors, LLC | |
|
AST T. Rowe Price Asset Allocation | | T. Rowe Price Associates, Inc. | |
|
AST T. Rowe Price Global Bond | | T. Rowe Price International, Inc. | |
|
AST T. Rowe Price Large-Cap Growth | | T. Rowe Price Associates, Inc. | |
|
AST T. Rowe Price Natural Resources | | T. Rowe Price Associates, Inc. | |
|
AST Value | | BlackRock Investment Management, LLC | |
|
AST Western Asset Core Plus Bond | | • Western Asset Management Company | |
|
| | • Western Asset Management Company Limited | |
|
A-5
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Exhibit B
OUTSTANDING SHARES (AS OF RECORD DATE)
The close of business on December 1, 2010 has been fixed as the record date for the determination of shareholders entitled to notice of, and to vote at, the Meeting. Information as to the number of outstanding Shares for each Portfolio as of the record date is set forth below.
THE PRUDENTIAL SERIES FUND
Portfolio | | Shares Outstanding | |
MONEY MARKET | | | 113,711,321.184 | | |
|
DIVERSIFIED BOND | | | 130,332,328.829 | | |
|
GOVERNMENT INCOME | | | 33,352,377.766 | | |
|
CONSERVATIVE BALANCED | | | 140,831,770.461 | | |
|
FLEXIBLE MANAGED | | | 197,499,971.556 | | |
|
HIGH YIELD | | | 415,421,447.144 | | |
|
STOCK INDEX | | | 73,016,542.654 | | |
|
VALUE—Class I | | | 84,744,473.368 | | |
|
VALUE—Class II | | | 409,111.484 | | |
|
EQUITY—Class I | | | 135,052,587.904 | | |
|
EQUITY—Class II | | | 77,282.772 | | |
|
JENNISON—Class I | | | 58,995,506.711 | | |
|
JENNISON—Class II | | | 1,464,119.896 | | |
|
SMALL CAP | | | 34,159,895.128 | | |
|
GLOBAL | | | 35,260,206.602 | | |
|
NATURAL RESOURCES—Class I | | | 26,669,885.978 | | |
|
NATURAL RESOURCES—Class II | | | 2,031,976.111 | | |
|
20/20 FOCUS—Class I | | | 4,350,310.480 | | |
|
20/20 FOCUS—Class II | | | 31,627,091.983 | | |
|
SP INTERNATIONAL VALUE | | | 31,056,788.972 | | |
|
GROWTH ASSET ALLOCATION | | | 91,753,743.512 | | |
|
SP INTERNATIONAL GROWTH—Class I | | | 31,683,468.625 | | |
|
B-1
Portfolio | | Shares Outstanding | |
SP INTERNATIONAL GROWTH—Class II | | | 2,013,428.281 | | |
|
SP U.S. EMERGING GROWTH—Class I | | | 31,240,635.711 | | |
|
SP U.S. EMERGING GROWTH—Class II | | | 40,605.343 | | |
|
SP SMALL CAP VALUE | | | 19,003,552.266 | | |
|
ADVANCED SERIES TRUST
Portfolio | | Shares Outstanding | |
AST JP MORGAN INTERNATIONAL EQUITY | | | 17,363,106.551 | | |
|
AST ALLIANCEBERNSTEIN GROWTH AND INCOME | | | 56,529,929.961 | | |
|
AST GOLDMAN SACHS CONCENTRATED GROWTH | | | 71,962,758.939 | | |
|
AST MONEY MARKET | | | 3,024,132,136.430 | | |
|
AST NEUBERGER-BERMAN/LSV MID CAP VALUE | | | 35,073,033.318 | | |
|
AST JP MORGAN STRATEGIC OPPORTUNITIES | | | 157,133,452.985 | | |
|
AST HIGH YIELD | | | 180,644,649.405 | | |
|
AST T. ROWE PRICE ASSET ALLOCATION | | | 196,977,197.041 | | |
|
AST PIMCO TOTAL RETURN BOND | | | 805,776,731.997 | | |
|
AST LARGE CAP VALUE | | | 280,176,274.725 | | |
|
AST SMALL CAP GROWTH | | | 30,770,598.425 | | |
|
AST T. ROWE PRICE GLOBAL BOND | | | 38,094,351.751 | | |
|
AST NEUBERGER BERMAN MID-CAP GROWTH | | | 31,796,930.177 | | |
|
AST INTERNATIONAL VALUE | | | 135,719,929.464 | | |
|
AST T. ROWE PRICE NATURAL RESOURCES | | | 42,371,295.583 | | |
|
AST PIMCO LIMITED MATURITY BOND | | | 91,268,412.067 | | |
|
AST T. ROWE PRICE LARGE-CAP GROWTH | | | 126,709,939.352 | | |
|
AST INTERNATIONAL GROWTH | | | 240,120,064.961 | | |
|
AST AMERICAN CENTURY INCOME AND GROWTH | | | 20,345,950.689 | | |
|
AST SCHRODERS MULTI-ASSET WORLD STRATEGIES | | | 191,063,331.480 | | |
|
AST SMALL CAP VALUE PORTFOLIO | | | 77,713,965.351 | | |
|
B-2
Portfolio | | Shares Outstanding | |
AST GOLDMAN SACHS SMALL-CAP VALUE | | | 25,100,626.085 | | |
|
AST MARSICO CAPITAL GROWTH | | | 133,531,029.103 | | |
|
AST QMA US EQUITY ALPHA | | | 29,969,668.324 | | |
|
AST COHEN & STEERS REALTY | | | 88,073,522.316 | | |
|
AST NEUBERGER BERMAN SMALL-CAP GROWTH | | | 15,680,061.801 | | |
|
AST MFS GROWTH | | | 188,804,121.312 | | |
|
AST MFS GLOBAL EQUITY | | | 21,601,884.613 | | |
|
AST GOLDMAN SACHS MID CAP GROWTH | | | 119,588,585.829 | | |
|
AST FEDERATED AGGRESSIVE GROWTH | | | 71,806,011.942 | | |
|
AST MID-CAP VALUE | | | 34,496,832.522 | | |
|
AST VALUE | | | 171,749,283.976 | | |
|
AST LORD ABBETT BOND-DEBENTURE | | | 38,468,241.404 | | |
|
AST ALLIANCEBERNSTEIN CORE VALUE | | | 28,116,475.003 | | |
|
AST PRESERVATION ASSET ALLOCATION | | | 451,134,089.423 | | |
|
AST BALANCED ASSET ALLOCATION | | | 608,404,512.115 | | |
|
AST ACADEMIC STRATEGIES ASSET ALLOCATION | | | 616,255,792.169 | | |
|
AST CAPITAL GROWTH ASSET ALLOCATION | | | 755,899,173.730 | | |
|
AST AGGRESSIVE ASSET ALLOCATION | | | 51,698,475.987 | | |
|
AST FIRST TRUST CAPITAL APPRECIATION TARGET | | | 391,891,303.441 | | |
|
AST FIRST TRUST BALANCED TARGET | | | 276,176,701.303 | | |
|
AST ADVANCED STRATEGIES | | | 305,799,087.184 | | |
|
AST CLS GROWTH ASSET ALLOCATION | | | 137,995,335.548 | | |
|
AST CLS MODERATE ASSET ALLOCATION | | | 187,816,711.378 | | |
|
AST HORIZON GROWTH ASSET ALLOCATION | | | 119,741,176.560 | | |
|
AST HORIZON MODERATE ALLOCATION | | | 152,383,049.367 | | |
|
AST FI PYRAMIS® ASSET ALLOCATION | | | 73,367,279.268 | | |
|
AST WESTERN ASSET CORE PLUS BOND | | | 287,181,767.122 | | |
|
AST GLOBAL REAL ESTATE | | | 45,729,352.494 | | |
|
B-3
Portfolio | | Shares Outstanding | |
AST PARAMETRIC EMERGING MARKETS EQUITY | | | 123,683,689.137 | | |
|
AST BOND 2015 | | | 11,290,966.771 | | |
|
AST BOND 2018 | | | 6,884,157.361 | | |
|
AST BOND 2019 | | | 6,009,223.958 | | |
|
AST INVESTMENT GRADE BOND | | | 49,100,113.442 | | |
|
AST BOND 2016 | | | 4,320,282.377 | | |
|
AST BOND 2020 | | | 9,064,972.044 | | |
|
AST JENNISON LARGE-CAP VALUE | | | 68,916,008.341 | | |
|
AST JENNISON LARGE-CAP GROWTH | | | 78,375,531.029 | | |
|
AST BOND 2017 | | | 13,021,602.254 | | |
|
AST BOND 2021 | | | 18,735,559.740 | | |
|
PRUDENTIAL'S GIBRALTAR FUND, INC.: 14,444,699.5575
B-4
Exhibit C
FIVE PERCENT SHAREHOLDER REPORT
As of December 1, 2010, the beneficial owners, directly or indirectly, of more than 5% of any class of the outstanding shares of the Portfolios are listed below.
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 7,725,527.551 | | | PRU SERIES MONEY MARKET 1 | | PRU ANNUITIES INC PRU ANNUITY ATTN SEPARATE ACCOUNTS* | | | 6.79 | % | |
|
| 14,644,979.671 | | | PRU SERIES MONEY MARKET 1 | | PRUCO LIFE INSURANCE COMPANY PRU LIFE ATTN SEPARATE ACCOUNTS* | | | 12.88 | % | |
|
| 23,280,315.280 | | | PRU SERIES MONEY MARKET 1 | | PRUCO LIFE INSURANCE COMPANY PLNJ LIFE ATTN SEPARATE ACCOUNTS* | | | 20.47 | % | |
|
| 25,298,830.697 | | | PRU SERIES MONEY MARKET 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 22.25 | % | |
|
| 38,927,324.745 | | | PRU SERIES MONEY MARKET 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ LIFE ATTN SEPARATE ACCOUNTS* | | | 34.23 | % | |
|
| 11,104,823.329 | | | PRU SERIES DIVERSIFIED BOND 1 | | PRU ANNUITIES INC PRU ANNUITY ATTN SEPARATE ACCOUNTS* | | | 8.52 | % | |
|
| 19,601,422.717 | | | PRU SERIES DIVERSIFIED BOND 1 | | PRUCO LIFE INSURANCE COMPANY PRU LIFE ATTN SEPARATE ACCOUNTS* | | | 15.04 | % | |
|
C-1
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 21,673,691.002 | | | PRU SERIES DIVERSIFIED BOND 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 16.63 | % | |
|
| 33,812,215.725 | | | PRU SERIES DIVERSIFIED BOND 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ LIFE ATTN SEPARATE ACCOUNTS* | | | 25.94 | % | |
|
| 36,557,716.583 | | | PRU SERIES DIVERSIFIED BOND 1 | | PRUCO LIFE INSURANCE COMPANY PLNJ LIFE ATTN SEPARATE ACCOUNTS* | | | 28.05 | % | |
|
| 2,821,507.567 | | | PRU SERIES GOVERNMENT INCOME 1 | | PRUDENTIAL ANNUITIES INC VCA 24 ATTN: J SALVATI 30 SCRANTON OFFICE PARK SCRANTON PA 18507-0000 | | | 8.46 | % | |
|
| 6,826,177.434 | | | PRU SERIES GOVERNMENT INCOME 1 | | PRU ANNUITIES INC PRU ANNUITY ATTN SEPARATE ACCOUNTS* | | | 20.47 | % | |
|
| 9,271,860.391 | | | PRU SERIES GOVERNMENT INCOME 1 | | PRUCO LIFE INSURANCE COMPANY PRU LIFE ATTN SEPARATE ACCOUNTS* | | | 27.80 | % | |
|
| 13,222,487.094 | | | PRU SERIES GOVERNMENT INCOME 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ LIFE ATTN SEPARATE ACCOUNTS* | | | 39.64 | % | |
|
C-2
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 8,228,235.599 | | | PRU SERIES CONSERVATIVE BALANCED 1 | | PRUCO LIFE INSURANCE COMPANY PLNJ LIFE ATTN SEPARATE ACCOUNTS* | | | 5.84 | % | |
|
| 26,948,319.777 | | | PRU SERIES CONSERVATIVE BALANCED 1 | | PRU ANNUITIES INC PRU ANNUITY ATTN SEPARATE ACCOUNTS* | | | 19.14 | % | |
|
| 39,921,002.536 | | | PRU SERIES CONSERVATIVE BALANCED 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ LIFE ATTN SEPARATE ACCOUNTS* | | | 28.35 | % | |
|
| 57,311,712.557 | | | PRU SERIES CONSERVATIVE BALANCED 1 | | PRUCO LIFE INSURANCE COMPANY PRU LIFE ATTN SEPARATE ACCOUNTS* | | | 40.70 | % | |
|
| 17,941,373.963 | | | PRU SERIES FLEXIBLE MANAGED 1 | | PRUCO LIFE INSURANCE COMPANY PLNJ LIFE ATTN SEPARATE ACCOUNTS* | | | 9.08 | % | |
|
| 25,106,011.362 | | | PRU SERIES FLEXIBLE MANAGED 1 | | PRU ANNUITIES INC PRU ANNUITY ATTN SEPARATE ACCOUNTS* | | | 12.71 | % | |
|
| 68,050,317.763 | | | PRU SERIES FLEXIBLE MANAGED 1 | | PRUCO LIFE INSURANCE COMPANY PRU LIFE ATTN SEPARATE ACCOUNTS* | | | 34.46 | % | |
|
| 77,738,559.959 | | | PRU SERIES FLEXIBLE MANAGED 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ LIFE ATTN SEPARATE ACCOUNTS* | | | 39.36 | % | |
|
C-3
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 25,803,326.905 | | | PRU SERIES HIGH YIELD 1 | | PRUCO LIFE INSURANCE COMPANY PRU LIFE ATTN SEPARATE ACCOUNTS* | | | 6.21 | % | |
|
| 48,976,573.242 | | | PRU SERIES HIGH YIELD 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 11.79 | % | |
|
| 127,691,843.198 | | | PRU SERIES HIGH YIELD 1 | | PRUCO LIFE INSURANCE COMPANY PLNJ LIFE ATTN SEPARATE ACCOUNTS* | | | 30.74 | % | |
|
| 192,906,276.752 | | | PRU SERIES HIGH YIELD 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ LIFE ATTN SEPARATE ACCOUNTS* | | | 46.44 | % | |
|
| 5,238,898.326 | | | PRU SERIES STOCK INDEX 1 | | PRUDENTIAL ANNUITIES INC VCA 24 ATTN: J SALVATI 30 SCRANTON OFFICE PARK SCRANTON PA 18507-0000 | | | 7.17 | % | |
|
| 7,514,054.735 | | | PRU SERIES STOCK INDEX 1 | | PRU ANNUITIES INC PRU ANNUITY ATTN SEPARATE ACCOUNTS* | | | 10.29 | % | |
|
| 10,505,679.559 | | | PRU SERIES STOCK INDEX 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 14.39 | % | |
|
C-4
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 14,998,298.075 | | | PRU SERIES STOCK INDEX 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ LIFE ATTN SEPARATE ACCOUNTS* | | | 20.54 | % | |
|
| 31,474,109.735 | | | PRU SERIES STOCK INDEX 1 | | PRUCO LIFE INSURANCE COMPANY PRU LIFE ATTN SEPARATE ACCOUNTS* | | | 43.11 | % | |
|
| 13,274,556.549 | | | PRU SERIES VALUE 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ LIFE ATTN SEPARATE ACCOUNTS* | | | 15.66 | % | |
|
| 13,964,260.881 | | | PRU SERIES VALUE 1 | | PRU ANNUITIES INC PRU ANNUITY ATTN SEPARATE ACCOUNTS* | | | 16.48 | % | |
|
| 21,468,462.618 | | | PRU SERIES VALUE 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 25.33 | % | |
|
| 31,769,396.193 | | | PRU SERIES VALUE 1 | | PRUCO LIFE INSURANCE COMPANY PRU LIFE ATTN SEPARATE ACCOUNTS* | | | 37.49 | % | |
|
| 8,820,963.619 | | | PRU SERIES EQUITY 1 | | PRUCO LIFE INSURANCE COMPANY PLNJ LIFE ATTN SEPARATE ACCOUNTS* | | | 6.53 | % | |
|
| 10,352,883.255 | | | PRU SERIES EQUITY 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 7.67 | % | |
|
C-5
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 18,444,988.589 | | | PRU SERIES EQUITY 1 | | PRU ANNUITIES INC PRU ANNUITY ATTN SEPARATE ACCOUNTS* | | | 13.66 | % | |
|
| 33,878,847.687 | | | PRU SERIES EQUITY 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ LIFE ATTN SEPARATE ACCOUNTS* | | | 25.09 | % | |
|
| 55,431,412.231 | | | PRU SERIES EQUITY 1 | | PRUCO LIFE INSURANCE COMPANY PRU LIFE ATTN SEPARATE ACCOUNTS* | | | 41.04 | % | |
|
| 5,696,615.406 | | | PRU SERIES JENNISON 1 | | ADVANCED SERIES TRUST SP GROWTH ASSET ALLOCATION PORTFOLIO** | | | 9.66 | % | |
|
| 6,048,154.240 | | | PRU SERIES JENNISON 1 | | PRU ANNUITIES INC PRU ANNUITY ATTN SEPARATE ACCOUNTS* | | | 10.25 | % | |
|
| 10,742,726.127 | | | PRU SERIES JENNISON 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ LIFE ATTN SEPARATE ACCOUNTS* | | | 18.21 | % | |
|
| 13,696,230.178 | | | PRU SERIES JENNISON 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 23.22 | % | |
|
| 19,701,716.800 | | | PRU SERIES JENNISON 1 | | PRUCO LIFE INSURANCE COMPANY PRU LIFE ATTN SEPARATE ACCOUNTS* | | | 33.40 | % | |
|
C-6
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 3,816,468.927 | | | PRU SERIES SMALL CAP 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 11.17 | % | |
|
| 6,385,614.727 | | | PRU SERIES SMALL CAP 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ LIFE ATTN SEPARATE ACCOUNTS* | | | 18.69 | % | |
|
| 6,521,200.617 | | | PRU SERIES SMALL CAP 1 | | PRU ANNUITIES INC PRU ANNUITY ATTN SEPARATE ACCOUNTS* | | | 19.09 | % | |
|
| 16,266,494.607 | | | PRU SERIES SMALL CAP 1 | | PRUCO LIFE INSURANCE COMPANY PRU LIFE ATTN SEPARATE ACCOUNTS* | | | 47.62 | % | |
|
| 1,961,821.916 | | | PRU SERIES GLOBAL 1 | | PRUDENTIAL ANNUITIES INC VCA 24 ATTN: J SALVATI 30 SCRANTON OFFICE PARK SCRANTON PA 18507-0000 | | | 5.56 | % | |
|
| 4,274,758.449 | | | PRU SERIES GLOBAL 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 12.12 | % | |
|
| 5,581,598.506 | | | PRU SERIES GLOBAL 1 | | PRU ANNUITIES INC PRU ANNUITY ATTN SEPARATE ACCOUNTS* | | | 15.83 | % | |
|
C-7
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 5,785,526.099 | | | PRU SERIES GLOBAL 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ LIFE ATTN SEPARATE ACCOUNTS* | | | 16.41 | % | |
|
| 16,298,320.381 | | | PRU SERIES GLOBAL 1 | | PRUCO LIFE INSURANCE COMPANY PRU LIFE ATTN SEPARATE ACCOUNTS* | | | 46.22 | % | |
|
| 4,253,305.703 | | | PRU SERIES NATURAL RESOURCES 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ LIFE ATTN SEPARATE ACCOUNTS* | | | 15.95 | % | |
|
| 6,042,350.172 | | | PRU SERIES NATURAL RESOURCES 1 | | PRU ANNUITIES INC PRU ANNUITY ATTN SEPARATE ACCOUNTS* | | | 22.66 | % | |
|
| 14,880,832.567 | | | PRU SERIES NATURAL RESOURCES 1 | | PRUCO LIFE INSURANCE COMPANY PRU LIFE ATTN SEPARATE ACCOUNTS* | | | 55.80 | % | |
|
| 218,189.415 | | | PRU SERIES 20/20 FOCUS 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ LIFE ATTN SEPARATE ACCOUNTS* | | | 5.02 | % | |
|
| 321,070.342 | | | PRU SERIES 20/20 FOCUS 1 | | PRUCO LIFE INSURANCE COMPANY PLNJ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 7.38 | % | |
|
| 3,652,005.174 | | | PRU SERIES 20/20 FOCUS 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 83.95 | % | |
|
C-8
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 29,004.867 | | | PRU SERIES VALUE 2 | | HARTFORD LIFE & ANNUITY INSURANCE COMPANY SEPARATE ACCOUNT ATTN: UIT OPERATIONS P.O. BOX 2999 HARTFORD CT 06104-2999 | | | 7.09 | % | |
|
| 47,497.363 | | | PRU SERIES VALUE 2 | | HARTFORD LIFE INSURANCE CO SEPARATE AC ATTN: UIT OPERATIONS PO BOX 2999 HARTFORD CT 06104-2999 | | | 11.61 | % | |
|
| 304,357.335 | | | PRU SERIES VALUE 2 | | TIAA-CREF LIFE SEPARATE ACCOUNT VA-1 OF TIAA-CREF LIFE INSUR. CO MAIL CODE E3/N6 8500 ANDREW CARNEGIE BLVD CHARLOTTE NC 28262-8500 | | | 74.39 | % | |
|
| 10,680.848 | | | PRU SERIES EQUITY 2 | | FIRST GREAT WEST LIFE & ANNUITY INS CO 8515 E ORCHARD RD # 2T2 GREENWOOD VILLAGE CO 801115002 | | | 13.82 | % | |
|
| 18,854.453 | | | PRU SERIES EQUITY 2 | | GREAT WEST LIFE & ANNUITY INS COMPANY 8515 E ORCHARD RD # 2T2 GREENWOOD VILLAGE CO 801115002 | | | 24.40 | % | |
|
C-9
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 46,977.345 | | | PRU SERIES EQUITY 2 | | GREAT WEST LIFE & ANNUITY INS CO FBO SCHWAB ANNUITIES 8515 E ORCHARD RD 2T2 GREENWOOD VILLAGE CO 80111 | | | 60.79 | % | |
|
| 120,822.233 | | | PRU SERIES JENNISON 2 | | GE LIFE AND ANNUITY ASSURANCE COMP. ATTN VARIABLE ACCOUNTING 6610 W BROAD ST BLDG 3, 5TH FLOOR RICHMOND VA 23230-1702 | | | 8.25 | % | |
|
| 490,026.960 | | | PRU SERIES JENNISON 2 | | ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA 5701 GOLDEN HILLS DR MINNEAPOLIS MN 554161297 | | | 33.47 | % | |
|
| 692,886.178 | | | PRU SERIES JENNISON 2 | | THE OHIO NATIONAL LIFE INS CO FBO ITS SEPARATE ACCOUNTS PO BOX 237 CINCINNATI OH 452010237 | | | 47.32 | % | |
|
| 108,414.098 | | | PRU SERIES NATURAL RESOURCES 2 | | GREAT WEST LIFE & ANNUITY INS CO FBO SCHWAB ANNUITIES 8515 E ORCHARD RD 2T2 GREENWOOD VILLAGE CO 80111 | | | 5.34 | % | |
|
C-10
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 725,303.890 | | | PRU SERIES NATURAL RESOURCES 2 | | AXA EQUITABLE LIFE SEPARATE ACCOUNT FP C/O BRIAN WALSH 1290 AVENUE OF THE AMERICAS NEW YORK NY 10104-0105 | | | 35.69 | % | |
|
| 1,028,639.020 | | | PRU SERIES NATURAL RESOURCES 2 | | GE LIFE AND ANNUITY ASSURANCE COMP. ATTN VARIABLE ACCOUNTING 6610 W BROAD ST BLDG 3, 5TH FLOOR RICHMOND VA 23230-1702 | | | 50.62 | % | |
|
| 29,809,694.859 | | | PRU SERIES 20/20 FOCUS 2 | | THE OHIO NATIONAL LIFE INS CO FBO ITS SEPARATE ACCOUNTS PO BOX 237 CINCINNATI OH 452010237 | | | 94.25 | % | |
|
| 8,088,929.834 | | | PRU SERIES SP INTERNATIONAL VALUE 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 26.05 | % | |
|
| 9,130,993.410 | | | PRU SERIES SP INTERNATIONAL VALUE 1 | | ADVANCED SERIES TRUST SP GROWTH ASSET ALLOCATION PORTFOLIO** | | | 29.40 | % | |
|
| 12,247,775.195 | | | PRU SERIES SP INTERNATIONAL VALUE 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ LIFE ATTN SEPARATE ACCOUNTS* | | | 39.44 | % | |
|
C-11
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 13,585,132.868 | | | PRU SERIES GROWTH ASSET ALLOCATION 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ LIFE ATTN SEPARATE ACCOUNTS* | | | 14.81 | % | |
|
| 71,848,963.127 | | | PRU SERIES GROWTH ASSET ALLOCATION 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 78.31 | % | |
|
| 2,251,817.316 | | | PRU SERIES SP INTERNATIONAL GROWTH 1 | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 7.11 | % | |
|
| 4,274,623.953 | | | PRU SERIES SP INTERNATIONAL GROWTH 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ LIFE ATTN SEPARATE ACCOUNTS* | | | 13.49 | % | |
|
| 11,404,121.994 | | | PRU SERIES SP INTERNATIONAL GROWTH 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 35.99 | % | |
|
| 12,029,435.746 | | | PRU SERIES SP INTERNATIONAL GROWTH 1 | | ADVANCED SERIES TRUST SP GROWTH ASSET ALLOCATION PORTFOLIO** | | | 37.97 | % | |
|
| 8,287,259.699 | | | PRU SERIES SP U.S. EMERGING GROWTH 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ LIFE ATTN SEPARATE ACCOUNTS* | | | 26.53 | % | |
|
| 20,314,997.034 | | | PRU SERIES SP U.S. EMERGING GROWTH 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 65.03 | % | |
|
C-12
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 1,155,045.611 | | | PRU SERIES SP SMALL CAP VALUE 1 | | PRUCO LIFE INSURANCE COMPANY PLNJ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 6.08 | % | |
|
| 1,722,294.978 | | | PRU SERIES SP SMALL CAP VALUE 1 | | ADVANCED SERIES TRUST SP GROWTH ASSET ALLOCATION PORTFOLIO** | | | 9.06 | % | |
|
| 4,771,869.471 | | | PRU SERIES SP SMALL CAP VALUE 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ LIFE ATTN SEPARATE ACCOUNTS* | | | 25.11 | % | |
|
| 10,513,156.644 | | | PRU SERIES SP SMALL CAP VALUE 1 | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 55.32 | % | |
|
| 1,828,790.695 | | | PRU SERIES SP INTERNATIONAL GROWTH 2 | | ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA 5701 GOLDEN HILLS DR MINNEAPOLIS MN 554161297 | | | 90.83 | % | |
|
| 3,475.499 | | | PRU SERIES SP U.S. EMERGING GROWTH 2 | | GE LIFE AND ANNUITY ASSURANCE COMP. ATTN VARIABLE ACCOUNTING 6610 W BROAD ST BLDG 3, 5TH FLOOR RICHMOND VA 23230-1702 | | | 8.56 | % | |
|
C-13
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 37,129.844 | | | PRU SERIES SP U.S. EMERGING GROWTH 2 | | SEPARATE ACCOUNT A OF PACIFIC LIFE INSURANCE COMPANY 700 NEWPORT CENTER DRIVE PO BOX 9000 NEWPORT BEACH CA 926600000 | | | 91.44 | % | |
|
| 4,098,205.714 | | | AST JP MORGAN INTERNATIONAL EQUITY | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 23.60 | % | |
|
| 12,445,302.052 | | | AST JP MORGAN INTERNATIONAL EQUITY | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 71.68 | % | |
|
| 3,544,024.990 | | | AST ALLLIANCEBERNSTEIN GROWTH & INCOME | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 6.27 | % | |
|
| 52,262,619.338 | | | AST ALLIANCEBERNSTEIN GROWTH & INCOME | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 92.45 | % | |
|
| 6,550,219.302 | | | AST GOLDMAN SACHS CONCEN. GROWTH | | ADVANCED SERIES TRUST AST PRESERVATION ASSET ALLOCATION PORTFOLIO** | | | 9.10 | % | |
|
| 13,013,630.291 | | | AST GOLDMAN SACHS CONCEN. GROWTH | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 18.08 | % | |
|
C-14
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 13,946,466.316 | | | AST GOLDMAN SACHS CONCEN. GROWTH | | ADVANCED SERIES TRUST AST BALANCED ASSET ALLOCATION PORTFOLIO** | | | 19.38 | % | |
|
| 20,272,460.198 | | | AST GOLDMAN SACHS CONCEN. GROWTH | | ADVANCED SERIES TRUST AST CAPITAL GROWTH ASSET ALLOCATION PORTFOLIO** | | | 28.17 | % | |
|
| 165,801,639.020 | | | AST MONEY MARKET | | ADVANCED SERIES TRUST AST CAPITAL GROWTH ASSET ALLOCATION PORTFOLIO** | | | 5.48 | % | |
|
| 182,791,558.800 | | | AST MONEY MARKET | | ADVANCED SERIES TRUST CLS GROWTH ASSET ALLOCATION** | | | 6.04 | % | |
|
| 418,939,167.690 | | | AST MONEY MARKET | | ADVANCED SERIES TRUST CLS MODERATE ASSET ALLOCATION** | | | 13.85 | % | |
|
| 1,700,455,679.000 | | | AST MONEY MARKET | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 56.23 | % | |
|
| 4,751,707.712 | | | AST NEUBERGER BERMAN/LSV MID CAP VALUE | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 13.55 | % | |
|
| 29,554,723.156 | | | AST NEUBERGER BERMAN/LSV MID CAP VALUE | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 84.27 | % | |
|
C-15
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 43,726,374.842 | | | AST JP MORGAN STRATEGIC OPPORTUNITIES | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 27.83 | % | |
|
| 107,978,089.087 | | | AST JP MORGAN STRATEGIC OPPORTUNITIES | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 68.72 | % | |
|
| 14,334,827.606 | | | AST HIGH YIELD | | ADVANCED SERIES TRUST AST CAPITAL GROWTH ASSET ALLOCATION PORTFOLIO** | | | 7.94 | % | |
|
| 20,853,210.868 | | | AST HIGH YIELD | | ADVANCED SERIES TRUST AST BALANCED ASSET ALLOCATION PORTFOLIO** | | | 11.54 | % | |
|
| 28,495,696.295 | | | AST HIGH YIELD | | ADVANCED SERIES TRUST AST PRESERVATION ASSET ALLOCATION PORTFOLIO** | | | 15.77 | % | |
|
| 48,084,201.695 | | | AST HIGH YIELD | | ADVANCED SERIES TRUST AST ACADEMIC STRATEGIES ASSET ALLOCATION PORTFOLIO** | | | 26.62 | % | |
|
| 58,523,341.109 | | | AST HIGH YIELD | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 32.40 | % | |
|
C-16
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 84,504,910.765 | | | AST T. ROWE PRICE ASSET ALLOCATION | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 42.90 | % | |
|
| 102,323,555.871 | | | AST T. ROWE PRICE ASSET ALLOCATION | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 51.95 | % | |
|
| 80,264,955.645 | | | AST PIMCO TOTAL RETURN BOND | | ADVANCED SERIES TRUST AST CAPITAL GROWTH ASSET ALLOCATION PORTFOLIO** | | | 9.96 | % | |
|
| 96,882,312.950 | | | AST PIMCO TOTAL RETURN BOND | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 12.02 | % | |
|
| 120,841,228.380 | | | AST PIMCO TOTAL RETURN BOND | | ADVANCED SERIES TRUST AST BALANCED ASSET ALLOCATION PORTFOLIO** | | | 15.00 | % | |
|
| 164,816,249.198 | | | AST PIMCO TOTAL RETURN BOND | | ADVANCED SERIES TRUST AST PRESERVATION ASSET ALLOCATION PORTFOLIO** | | | 20.45 | % | |
|
| 219,685,345.958 | | | AST PIMCO TOTAL RETURN BOND | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 27.26 | % | |
|
C-17
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 14,754,139.905 | | | AST LARGE CAP VALUE | | ADVANCED SERIES TRUST AST ACADEMIC STRATEGIES ASSET ALLOCATION PORTFOLIO** | | | 5.27 | % | |
|
| 17,395,859.651 | | | AST LARGE CAP VALUE | | PRUDENTIAL SERIES FUND INC GROWTH ASSET ALLOCATION PORTFOLIO** | | | 6.21 | % | |
|
| 20,871,430.043 | | | AST LARGE CAP VALUE | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 7.45 | % | |
|
| 27,658,465.930 | | | AST LARGE CAP VALUE | | ADVANCED SERIES TRUST AST PRESERVATION ASSET ALLOCATION PORTFOLIO** | | | 9.87 | % | |
|
| 58,242,745.987 | | | AST LARGE CAP VALUE | | ADVANCED SERIES TRUST AST BALANCED ASSET ALLOCATION PORTFOLIO** | | | 20.79 | % | |
|
| 83,801,410.906 | | | AST LARGE CAP VALUE | | ADVANCED SERIES TRUST AST CAPITAL GROWTH ASSET ALLOCATION PORTFOLIO** | | | 29.91 | % | |
|
| 2,639,872.392 | | | AST SMALL CAP GROWTH | | ADVANCED SERIES TRUST CLS GROWTH ASSET ALLOCATION** | | | 8.58 | % | |
|
| 2,825,773.693 | | | AST SMALL CAP GROWTH | | ADVANCED SERIES TRUST CLS MODERATE ASSET ALLOCATION** | | | 9.18 | % | |
|
C-18
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 2,949,288.031 | | | AST SMALL CAP GROWTH | | ADVANCED SERIES TRUST AST BALANCED ASSET ALLOCATION PORTFOLIO** | | | 9.58 | % | |
|
| 3,050,757.071 | | | AST SMALL CAP GROWTH | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUIT ATTN SEPARATE ACCOUNTS* | | | 9.91 | % | |
|
| 4,365,273.908 | | | AST SMALL CAP GROWTH | | ADVANCED SERIES TRUST AST CAPITAL GROWTH ASSET ALLOCATION PORTFOLIO** | | | 14.19 | % | |
|
| 7,891,752.362 | | | AST SMALL CAP GROWTH | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 25.65 | % | |
|
| 6,097,971.411 | | | AST T. ROWE PRICE GLOBAL BOND | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 16.01 | % | |
|
| 30,058,305.325 | | | AST T. ROWE PRICE GLOBAL BOND | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 78.90 | % | |
|
| 2,428,746.606 | | | AST NEUBERGER BERMAN MID-CAP GROWTH | | ADVANCED SERIES TRUST AST BALANCED ASSET ALLOCATION PORTFOLIO** | | | 7.64 | % | |
|
| 2,610,085.142 | | | AST NEUBERGER BERMAN MID-CAP GROWTH | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 8.21 | % | |
|
C-19
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 3,695,995.503 | | | AST NEUBERGER BERMAN MID-CAP GROWTH | | ADVANCED SERIES TRUST AST CAPITAL GROWTH ASSET ALLOCATION PORTFOLIO** | | | 11.62 | % | |
|
| 4,069,251.259 | | | AST NEUBERGER BERMAN MID-CAP GROWTH | | ADVANCED SERIES TRUST AST ACADEMIC STRATEGIES ASSET ALLOCATION PORTFOLIO** | | | 12.80 | % | |
|
| 15,073,892.212 | | | AST NEUBERBER BERMAN MID-CAP GROWTH | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 47.41 | % | |
|
| 10,717,436.929 | | | AST INTERNATIONAL VALUE | | ADVANCED SERIES TRUST AST PRESERVATION ASSET ALLOCATION PORTFOLIO** | | | 7.90 | % | |
|
| 12,968,180.325 | | | AST INTERNATIONAL VALUE | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 9.56 | % | |
|
| 23,289,974.654 | | | AST INTERNATIONAL VALUE | | ADVANCED SERIES TRUST AST BALANCED ASSET ALLOCATION PORTFOLIO** | | | 17.16 | % | |
|
| 29,173,482.017 | | | AST INTERNATIONAL VALUE | | ADVANCED SERIES TRUST AST ACADEMIC STRATEGIES ASSET ALLOCATION PORTFOLIO** | | | 21.50 | % | |
|
C-20
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 33,486,010.515 | | | AST INTERNATIONAL VALUE | | ADVANCED SERIES TRUST AST CAPITAL GROWTH ASSET ALLOCATION PORTFOLIO** | | | 24.67 | % | |
|
| 2,182,580.483 | | | AST T. ROWE PRICE NATURAL RESOURCES | | ADVANCED SERIES TRUST AST ACADEMIC STRATEGIES ASSET ALLOCATION PORTFOLIO** | | | 5.15 | % | |
|
| 3,908,334.305 | | | AST T. ROWE PRICE NATURAL RESOURCES | | ADVANCED SERIES TRUST AST BALANCED ASSET ALLOCATION PORTFOLIO** | | | 9.22 | % | |
|
| 4,993,505.370 | | | AST T. ROWE PRICE NATURAL RESOURCES | | ADVANCED SERIES TRUST AST CAPITAL GROWTH ASSET ALLOCATION PORTFOLIO** | | | 11.79 | % | |
|
| 9,660,438.432 | | | AST T. ROWE PRICE NATURAL RESOURCES | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 22.80 | % | |
|
| 17,835,216.489 | | | AST T. ROWE PRICE NATURAL RESOURCES | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 42.09 | % | |
|
| 9,337,823.549 | | | AST PIMCO LIMITED MATURITY BOND | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 10.23 | % | |
|
| 80,134,701.526 | | | AST PIMCO LIMITED MATURITY BOND | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 87.80 | % | |
|
C-21
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 8,726,229.743 | | | AST T. ROWE PRICE LARGE-CAP GROWTH | | ADVANCED SERIES TRUST AST PRESERVATION ASSET ALLOCATION PORTFOLIO** | | | 6.89 | % | |
|
| 11,746,206.415 | | | AST T. ROWE PRICE LARGE-CAP GROWTH | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 9.27 | % | |
|
| 18,991,831.300 | | | AST T. ROWE PRICE LARGE-CAP GROWTH | | ADVANCED SERIES TRUST AST BALANCED ASSET ALLOCATION PORTFOLIO** | | | 14.99 | % | |
|
| 26,942,510.070 | | | AST T. ROWE PRICE LARGE-CAP GROWTH | | ADVANCED SERIES TRUST AST CAPITAL GROWTH ASSET ALLOCATION PORTFOLIO** | | | 21.26 | % | |
|
| 35,793,346.107 | | | AST T. ROWE PRICE LARGE-CAP GROWTH | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 28.25 | % | |
|
| 14,897,169.762 | | | AST INTERNATIONAL GROWTH | | ADVANCED SERIES TRUST AST PRESERVATION ASSET ALLOCATION PORTFOLIO** | | | 6.20 | % | |
|
| 16,333,665.235 | | | AST INTERNATIONAL GROWTH | | ADVANCED SERIES TRUST CLS MODERATE ASSET ALLOCATION** | | | 6.80 | % | |
|
| 19,236,911.878 | | | AST INTERNATIONAL GROWTH | | ADVANCED SERIES TRUST CLS GROWTH ASSET ALLOCATION** | | | 8.01 | % | |
|
C-22
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 31,359,469.693 | | | AST INTERNATIONAL GROWTH | | ADVANCED SERIES TRUST AST BALANCED ASSET ALLOCATION PORTFOLIO** | | | 13.06 | % | |
|
| 34,278,770.186 | | | AST INTERNATIONAL GROWTH | | ADVANCED SERIES TRUST AST ACADEMIC STRATEGIES ASSET ALLOCATION PORTFOLIO** | | | 14.28 | % | |
|
| 45,142,617.783 | | | AST INTERNATIONAL GROWTH | | ADVANCED SERIES TRUST AST CAPITAL GROWTH ASSET ALLOCATION PORTFOLIO** | | | 18.80 | % | |
|
| 54,103,434.340 | | | AST INTERNATIONAL GROWTH | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 22.53 | % | |
|
| 3,240,319.915 | | | AST AMRC CENT INCOME-GROWTH | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 15.93 | % | |
|
| 16,306,835.066 | | | AST AMERICAN CENTURY INCOME AND GROWTH | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 80.15 | % | |
|
| 77,835,575.069 | | | AST SCHRODERS MULTI ASSET WORLD STRATEGIES | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 40.74 | % | |
|
| 107,919,812.651 | | | AST SCHRODERS MULTI ASSET WORLD STRATEGIES | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 56.48 | % | |
|
C-23
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 8,338,682.180 | | | AST SMALL CAP VALUE | | ADVANCED SERIES TRUST AST BALANCED ASSET ALLOCATION PORTFOLIO** | | | 10.73 | % | |
|
| 10,642,743.952 | | | AST SMALL CAP VALUE | | ADVANCED SERIES TRUST AST ACADEMIC STRATEGIES ASSET ALLOCATION PORTFOLIO** | | | 13.69 | % | |
|
| 12,399,541.219 | | | AST SMALL CAP VALUE | | ADVANCED SERIES TRUST AST CAPITAL GROWTH ASSET ALLOCATION PORTFOLIO** | | | 15.96 | % | |
|
| 32,655,841.571 | | | AST SMALL CAP VALUE | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 42.02 | % | |
|
| 5,972,824.548 | | | AST GOLDMAN SACHS SMALL-CAP VALUE | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 23.80 | % | |
|
| 18,122,135.601 | | | AST GOLDMAN SACHS SMALL-CAP VALUE | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 72.20 | % | |
|
| 6,959,073.817 | | | AST MARSICO CAPITAL GROWTH | | PRUDENTIAL SERIES FUND INC GROWTH ASSET ALLOCATION PORTFOLIO** | | | 5.21 | % | |
|
| 7,448,005.904 | | | AST MARSICO CAPITAL GROWTH | | ADVANCED SERIES TRUST AST PRESERVATION ASSET ALLOCATION PORTFOLIO** | | | 5.58 | % | |
|
C-24
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 16,190,926.379 | | | AST MARSICO CAPITAL GROWTH | | ADVANCED SERIES TRUST AST BALANCED ASSET ALLOCATION PORTFOLIO** | | | 12.13 | % | |
|
| 23,144,767.165 | | | AST MARSICO CAPITAL GROWTH | | ADVANCED SERIES TRUST AST CAPITAL GROWTH ASSET ALLOCATION PORTFOLIO** | | | 17.33 | % | |
|
| 55,083,581.636 | | | AST MARSICO CAPITAL GROWTH | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 41.25 | % | |
|
| 1,581,721.747 | | | AST QMA US EQUITY ALPHA | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 5.28 | % | |
|
| 11,273,989.717 | | | AST QMA US EQUITY ALPHA | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 37.62 | % | |
|
| 16,714,439.622 | | | AST QMA US EQUITY ALPHA | | ADVANCED SERIES TRUST AST ACADEMIC STRATEGIES ASSET ALLOCATION PORTFOLIO** | | | 55.77 | % | |
|
| 9,227,502.974 | | | AST COHEN & STEERS REALTY | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 10.48 | % | |
|
| 30,086,554.196 | | | AST COHEN & STEERS REALTY | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 34.16 | % | |
|
C-25
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 46,599,538.396 | | | AST COHEN & STEERS REALTY | | ADVANCED SERIES TRUST AST ACADEMIC STRATEGIES ASSET ALLOCATION PORTFOLIO** | | | 52.91 | % | |
|
| 2,498,897.031 | | | AST NEUBERGER BERMAN SMALL-CAP GROWTH | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 15.94 | % | |
|
| 12,505,745.295 | | | AST NEUBERGER BERMAN SMALL-CAP GROWTH | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 79.76 | % | |
|
| 9,650,957.383 | | | AST MFS GROWTH | | ADVANCED SERIES TRUST AST ACADEMIC STRATEGIES ASSET ALLOCATION PORTFOLIO** | | | 5.11 | % | |
|
| 18,449,104.584 | | | AST MFS GROWTH | | ADVANCED SERIES TRUST AST PRESERVATION ASSET ALLOCATION PORTFOLIO** | | | 9.77 | % | |
|
| 26,451,871.574 | | | AST MFS GROWTH | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 14.01 | % | |
|
| 39,690,913.076 | | | AST MFS GROWTH | | ADVANCED SERIES TRUST AST BALANCED ASSET ALLOCATION PORTFOLIO** | | | 21.02 | % | |
|
C-26
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 57,366,417.490 | | | AST MFS GROWTH | | ADVANCED SERIES TRUST AST CAPITAL GROWTH ASSET ALLOCATION PORTFOLIO** | | | 30.38 | % | |
|
| 6,056,335.998 | | | AST MFS GLOBAL EQUITY | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 28.04 | % | |
|
| 14,729,734.652 | | | AST MFS GLOBAL EQUITY | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 68.19 | % | |
|
| 9,067,681.017 | | | AST GOLDMAN SACHS MID CAP GROWTH | | ADVANCED SERIES TRUST AST BALANCED ASSET ALLOCATION PORTFOLIO** | | | 7.58 | % | |
|
| 13,492,152.960 | | | AST GOLDMAN SACHS MID CAP GROWTH AST | | ADVANCED SERIES TRUST AST CAPITAL GROWTH ASSET ALLOCATION PORTFOLIO** | | | 11.28 | % | |
|
| 15,027,772.689 | | | AST GOLDMAN SACHS MID CAP GROWTH | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 12.57 | % | |
|
| 15,566,951.900 | | | AST GOLDMAN SACHS MID CAP GROWTH | | ADVANCED SERIES TRUST AST ACADEMIC STRATEGIES ASSET ALLOCATION PORTFOLIO** | | | 13.02 | % | |
|
| 51,679,090.496 | | | AST GOLDMAN SACHS MID CAP GROWTH | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 43.21 | % | |
|
C-27
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 4,092,551.025 | | | AST FEDERATED AGGRESSIVE GROWTH | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 5.70 | % | |
|
| 5,644,242.808 | | | AST FEDERATED AGGRESSIVE GROWTH | | ADVANCED SERIES TRUST CLS GROWTH ASSET ALLOCATION** | | | 7.86 | % | |
|
| 6,062,792.206 | | | AST FEDERATED AGGRESSIVE GROWTH | | ADVANCED SERIES TRUST CLS MODERATE ASSET ALLOCATION** | | | 8.44 | % | |
|
| 6,423,591.644 | | | AST FEDERATED AGGRESSIVE GROWTH | | ADVANCED SERIES TRUST AST BALANCED ASSET ALLOCATION PORTFOLIO** | | | 8.95 | % | |
|
| 9,464,728.243 | | | AST FEDERATED AGGRESSIVE GROWTH | | ADVANCED SERIES TRUST AST CAPITAL GROWTH ASSET ALLOCATION PORTFOLIO** | | | 13.18 | % | |
|
| 29,691,520.898 | | | AST FEDERATED AGGRESSIVE GROWTH | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 41.35 | % | |
|
| 2,247,645.855 | | | AST MID-CAP VALUE | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 6.52 | % | |
|
| 3,421,337.037 | | | AST MID-CAP VALUE | | ADVANCED SERIES TRUST AST BALANCED ASSET ALLOCATION PORTFOLIO** | | | 9.92 | % | |
|
C-28
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 4,992,235.803 | | | AST MID-CAP VALUE | | ADVANCED SERIES TRUST AST CAPITAL GROWTH ASSET ALLOCATION PORTFOLIO** | | | 14.47 | % | |
|
| 8,851,017.398 | | | AST MID-CAP VALUE | | ADVANCED SERIES TRUST AST ACADEMIC STRATEGIES ASSET ALLOCATION PORTFOLIO** | | | 25.66 | % | |
|
| 9,757,145.065 | | | AST MID-CAP VALUE | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 28.28 | % | |
|
| 9,684,055.630 | | | AST VALUE | | ADVANCED SERIES TRUST AST ACADEMIC STRATEGIES ASSET ALLOCATION PORTFOLIO** | | | 5.64 | % | |
|
| 16,979,616.202 | | | AST VALUE | | ADVANCED SERIES TRUST AST PRESERVATION ASSET ALLOCATION PORTFOLIO** | | | 9.89 | % | |
|
| 17,977,540.337 | | | AST VALUE | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 10.47 | % | |
|
| 37,259,668.401 | | | AST VALUE | | ADVANCED SERIES TRUST AST BALANCED ASSET ALLOCATION PORTFOLIO** | | | 21.69 | % | |
|
C-29
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 54,260,042.406 | | | AST VALUE | | ADVANCED SERIES TRUST AST CAPITAL GROWTH ASSET ALLOCATION PORTFOLIO** | | | 31.59 | % | |
|
| 4,591,139.988 | | | AST LORD ABBETT BOND-DEBENTURE | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 11.93 | % | |
|
| 33,104,008.360 | | | AST LORD ABBETT BOND-DEBENTURE | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 86.06 | % | |
|
| 5,005,963.368 | | | AST ALLIANCEBERNSTEINCORE VALUE | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 17.80 | % | |
|
| 22,238,522.877 | | | AST ALLIANCEBERNSTEINCORE VALUE | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 79.09 | % | |
|
| 182,280,428.962 | | | AST PRESERVATION ASSET ALLOCATION | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 40.40 | % | |
|
| 247,946,390.238 | | | AST PRESERVATION ASSET ALLOCATION | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 54.96 | % | |
|
| 281,368,751.629 | | | AST BALANCED ASSET ALLOCATION | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 46.25 | % | |
|
C-30
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 288,561,495.463 | | | AST BALANCED ASSET ALLOCATION | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 47.43 | % | |
|
| 226,398,127.551 | | | AST ACADEMIC STRATEGIES ASSET ALLOC | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 36.74 | % | |
|
| 368,190,807.679 | | | AST ACADEMIC STRATEGIES ASSET ALLOC | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 59.75 | % | |
|
| 283,074,767.057 | | | AST CAPITAL GROWTH ASSET ALLOCATION | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 37.45 | % | |
|
| 452,075,868.986 | | | AST CAPITAL GROWTH ASSET ALLOCATION | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 59.81 | % | |
|
| 4,960,597.093 | | | AST AGGRESSIVE ASSET ALLOCATION | | PRUCO LIFE INSURANCE COMPANY PLAZ LIFE ATTN SEPARATE ACCOUNTS* | | | 9.60 | % | |
|
| 16,364,994.971 | | | AST AGGRESSIVE ASSET ALLOCATION | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 31.65 | % | |
|
| 28,435,436.432 | | | AST AGGRESSIVE ASSET ALLOCATION | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 55.00 | % | |
|
C-31
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 127,223,064.996 | | | AST FIRST TRUST CAPITAL APPREC TGT | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 32.46 | % | |
|
| 254,221,247.112 | | | AST FIRST TRUST CAPITAL APPREC TGT | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 64.87 | % | |
|
| 95,082,750.090 | | | AST FIRST TRUST BALANCED TARGET | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 34.43 | % | |
|
| 171,459,802.654 | | | AST FIRST TRUST BALANCED TARGET | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 62.08 | % | |
|
| 124,174,801.145 | | | AST ADVANCED STRATEGIES | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 40.61 | % | |
|
| 170,638,711.050 | | | AST ADVANCED STRATEGIES | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 55.80 | % | |
|
| 65,085,515.996 | | | AST CLS GROWTH ASSET ALLOCATION | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 47.17 | % | |
|
| 67,819,135.122 | | | AST CLS GROWTH ASSET ALLOCATION | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 49.15 | % | |
|
C-32
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 83,483,861.313 | | | AST CLS MODERATE ASSET ALLOCATION | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 44.45 | % | |
|
| 96,657,466.001 | | | AST CLS MODERATE ASSET ALLOCATION | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 51.46 | % | |
|
| 49,804,042.609 | | | AST HORIZON GROWTH ASSET ALLOCATION | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 41.59 | % | |
|
| 66,706,083.995 | | | AST HORIZON GROWTH ASSET ALLOCATION | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 55.71 | % | |
|
| 59,849,059.928 | | | AST HORIZON MODERATE ALLOCATION | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 39.28 | % | |
|
| 86,630,955.904 | | | AST HORIZON MODERATE ALLOCATION | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 56.85 | % | |
|
| 34,563,723.354 | | | AST FI PYRAMIS® ASSET ALLOC | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 47.11 | % | |
|
| 35,635,160.573 | | | AST FI PYRAMIS® ASSET ALLOC | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 48.57 | % | |
|
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Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 16,414,158.580 | | | AST WESTERN ASSET CORE PLUS BOND | | ADVANCED SERIES TRUST HORIZON MODERATE ASSET ALLOCATION** | | | 5.72 | % | |
|
| 37,450,785.968 | | | AST WESTERN ASSET CORE PLUS BOND | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 13.04 | % | |
|
| 39,985,908.056 | | | AST WESTERN ASSET CORE PLUS BOND | | ADVANCED SERIES TRUST AST CAPITAL GROWTH ASSET ALLOCATION PORTFOLIO** | | | 13.92 | % | |
|
| 60,058,845.009 | | | AST WESTERN ASSET CORE PLUS BOND | | ADVANCED SERIES TRUST AST BALANCED ASSET ALLOCATION PORTFOLIO** | | | 20.91 | % | |
|
| 81,892,262.896 | | | AST WESTERN ASSET CORE PLUS BOND | | ADVANCED SERIES TRUST AST PRESERVATION ASSET ALLOCATION PORTFOLIO** | | | 28.52 | % | |
|
| 2,581,204.945 | | | AST GLOBAL REAL ESTATE | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 5.64 | % | |
|
| 5,218,142.858 | | | AST GLOBAL REAL ESTATE | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 11.41 | % | |
|
| 36,623,645.907 | | | AST GLOBAL REAL ESTATE | | ADVANCED SERIES TRUST AST ACADEMIC STRATEGIES ASSET ALLOCATION PORTFOLIO** | | | 80.09 | % | |
|
C-34
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 6,232,103.582 | | | AST PARAMETRIC EMERGING MRKT EQUITY | | ADVANCED SERIES TRUST AST PRESERVATION ASSET ALLOCATION PORTFOLIO** | | | 5.04 | % | |
|
| 12,850,535.492 | | | AST PARAMETRIC EMERGING MRKT EQUITY | | ADVANCED SERIES TRUST AST BALANCED ASSET ALLOCATION PORTFOLIO** | | | 10.39 | % | |
|
| 12,959,955.878 | | | AST PARAMETRIC EMERGING MRKT EQUITY | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 10.48 | % | |
|
| 18,436,296.213 | | | AST PARAMETRIC EMERGING MRKT EQUITY | | ADVANCED SERIES TRUST AST CAPITAL GROWTH ASSET ALLOCATION PORTFOLIO** | | | 14.91 | % | |
|
| 21,941,218.427 | | | AST PARAMETRIC EMERGING MRKT EQUITY | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 17.74 | % | |
|
| 48,248,460.437 | | | AST PARAMETRIC EMERGING MRKT EQUITY | | ADVANCED SERIES TRUST AST ACADEMIC STRATEGIES ASSET ALLOCATION PORTFOLIO** | | | 39.01 | % | |
|
| 11,289,919.869 | | | AST BOND PORT 2015 | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 99.99 | % | |
|
| 1,144,236.867 | | | AST BOND PORT 2018 | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 16.62 | % | |
|
C-35
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 5,670,006.297 | | | AST BOND PORT 2018 | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 82.36 | % | |
|
| 1,054,749.711 | | | AST BOND PORT 2019 | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 17.55 | % | |
|
| 4,913,602.998 | | | AST BOND PORT 2019 | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 81.77 | % | |
|
| 13,190,889.841 | | | AST INVESTMENT GRADE BOND | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 26.87 | % | |
|
| 35,209,741.611 | | | AST INVESTMENT GRADE BOND | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 71.71 | % | |
|
| 4,319,287.352 | | | AST BOND PORT 2016 | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 99.98 | % | |
|
| 1,388,423.614 | | | AST BOND PORT 2020 | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 15.32 | % | |
|
| 7,355,745.917 | | | AST BOND PORT 2020 | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 81.14 | % | |
|
C-36
Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 4,176,534.894 | | | AST JENNISON LARGE-CAP VALUE | | ADVANCED SERIES TRUST AST ACADEMIC STRATEGIES ASSET ALLOCATION PORTFOLIO** | | | 6.06 | % | |
|
| 7,810,160.011 | | | AST JENNISON LARGE-CAP VALUE | | ADVANCED SERIES TRUST AST PRESERVATION ASSET ALLOCATION PORTFOLIO** | | | 11.33 | % | |
|
| 16,147,023.399 | | | AST JENNISON LARGE-CAP VALUE | | ADVANCED SERIES TRUST AST BALANCED ASSET ALLOCATION PORTFOLIO** | | | 23.43 | % | |
|
| 23,564,717.687 | | | AST JENNISON LARGE-CAP VALUE | | ADVANCED SERIES TRUST AST CAPITAL GROWTH ASSET ALLOCATION PORTFOLIO** | | | 34.19 | % | |
|
| 4,662,568.212 | | | AST JENNISON LARGE-CAP GROWTH | | ADVANCED SERIES TRUST AST ACADEMIC STRATEGIES ASSET ALLOCATION PORTFOLIO** | | | 5.95 | % | |
|
| 8,784,639.975 | | | AST JENNISON LARGE-CAP GROWTH | | ADVANCED SERIES TRUST AST PRESERVATION ASSET ALLOCATION PORTFOLIO** | | | 11.21 | % | |
|
| 19,311,078.091 | | | AST JENNISON LARGE-CAP GROWTH | | ADVANCED SERIES TRUST AST BALANCED ASSET ALLOCATION PORTFOLIO** | | | 24.64 | % | |
|
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Shares | | Portfolio Name | | Registration | | % of Portfolio | |
| 27,309,413.767 | | | AST JENNISON LARGE-CAP GROWTH | | ADVANCED SERIES TRUST AST CAPITAL GROWTH ASSET ALLOCATION PORTFOLIO** | | | 34.84 | % | |
|
| 12,160,470.923 | | | AST BOND PORT 2017 | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 93.39 | % | |
|
| 2,889,579.227 | | | AST BOND PORT 2021 | | PRUCO LIFE INSURANCE COMPANY PLAZ ANNUITY ATTN SEPARATE ACCOUNTS* | | | 15.42 | % | |
|
| 14,903,211.196 | | | AST BOND PORT 2021 | | PRU ANNUITY DISTRIBUTOR INC ATTN SEPARATE ACCOUNTS* | | | 79.55 | % | |
|
* The address of each owner is 213 Washington Street, Newark, New Jersey 07102.
** The address of each owner is Gateway Center Three, 100 Mulberry Street, Newark New Jersey 07102.
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Exhibit D
OFFICER INFORMATION
Kathryn L. Quirk (58)(a)(1) | Chief Legal Officer
Principal Occupation(s) During the Past Five Years: Vice President and Corporate Counsel (since September 2004) of Prudential; Executive Vice President, Chief Legal Officer and Secretary (since July 2005) of PI and Prudential Mutual Fund Services LLC; Vice President and Corporate Counsel (since June 2005) and Secretary (since February 2006) of AST Investment Services, Inc.; formerly Senior Vice President and Assistant Secretary (November 2004-August 2005) of PI; formerly Assistant Secretary (June 2005-February 2006) of AST Investment Services, Inc.; formerly Managing Director, General Counsel, Chief Compliance Officer, Chief Risk Officer and Corporate Secretary (1997-2002) of Zurich Scudder Investments, Inc.
Deborah A. Docs (52)(a)(1) | Secretary
Principal Occupation(s) During the Past Five Years: Vice President and Corporate Counsel (since January 2001) of Prudential; Vice President (since December 1996) and Assistant Secretary (since March 1999) of PI; formerly Vice President and Assistant Secretary (May 2003-June 2005) of AST Investment Services, Inc.
Jonathan D. Shain (52)(a)(1) | Assistant Secretary
Principal Occupation(s) During the Past Five Years: Vice President and Corporate Counsel (since August 1998) of Prudential; Vice President and Assistant Secretary (since May 2001) of PI; Vice President and Assistant Secretary (since February 2001) of PMFS; formerly Vice President and Assistant Secretary (May 2003-June 2005) of AST Investment Services, Inc.
Claudia DiGiacomo (36)(a)(1) | Assistant Secretary
Principal Occupation(s) During the Past Five Years: Vice President and Corporate Counsel (since January 2005) of Prudential; Vice President and Assistant Secretary of PI (since December 2005); Associate at Sidley Austin Brown Wood LLP (1999-2004).
John P. Schwartz (39)(a)(1) | Assistant Secretary
Principal Occupation(s) During the Past Five Years: Vice President and Corporate Counsel (since April 2005) of Prudential; Vice President and Assistant Secretary of PI (since December 2005); Associate at Sidley Austin Brown Wood LLP (1997-2005).
Andrew R. French (48)(a)(1) | Assistant Secretary
Principal Occupation(s) During the Past Five Years: Vice President and Corporate Counsel (since February 2010) of Prudential; formerly Director and Corporate Counsel (2006-2010) of Prudential; Vice President and Assistant Secretary (since January 2007) of PI; Vice President and Assistant Secretary (since January 2007) of PMFS; formerly Senior Legal Analyst of Prudential Mutual Fund Law Department (1997-2006).
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Timothy J. Knierim (51)(a)(1) | Chief Compliance Officer
Principal Occupation(s) During the Past Five Years: Chief Compliance Officer of Prudential Investment Management, Inc. (since July 2007); formerly Chief Risk Officer of PIM and PI (2002-2007) and formerly Chief Ethics Officer of PIM and PI (2006-2007).
Valerie M. Simpson (52)(a)(1) | Deputy Chief Compliance Officer
Principal Occupation(s) During the Past Five Years: Chief Compliance Officer (since April 2007) of PI and AST Investment Services, Inc.; formerly Vice President-Financial Reporting (June 1999-March 2006) for Prudential Life and Annuities Finance.
Theresa C. Thompson (48)(a)(1) | Deputy Chief Compliance Officer
Principal Occupation(s) During the Past Five Years: Vice President, Compliance, PI (since April 2004); and Director, Compliance, PI (2001-2004).
Noreen M. Fierro (46)(a)(1) | Anti-Money Laundering Compliance Officer
Principal Occupation(s) During the Past Five Years: Vice President, Corporate Compliance (since May 2006) of Prudential; formerly Corporate Vice President, Associate General Counsel (April 2002-May 2005) of UBS Financial Services, Inc., in their Money Laundering Prevention Group; Senior Manager (May 2005-May 2006) of Deloitte Financial Advisory Services, LLP, in their Forensic and Dispute Services, Anti-Money Laundering Group.
Grace C. Torres (51)(a)(1) | Treasurer and Principal Financial and Accounting Officer
Principal Occupation(s) During the Past Five Years: Assistant Treasurer (since March 1999) and Senior Vice President (since September 1999) of PI; Assistant Treasurer (since May 2003) and Vice President (since June 2005) of AST Investment Services, Inc.; Senior Vice President and Assistant Treasurer (since May 2003) of Prudential Annuities Advisory Services, Inc.; formerly Senior Vice President (May 2003-June 2005) of AST Investment Services, Inc.
M. Sadiq Peshimam (46)(a)(1) | Assistant Treasurer
Principal Occupation(s) During the Past Five Years: Vice President (since 2005) of Prudential Investments LLC.
Peter Parrella (52)(a)(1) | Assistant Treasurer
Principal Occupation(s) During the Past Five Years: Vice President (since 2007) and Director (2004-2007) within Prudential Mutual Fund Administration; formerly Tax Manager at SSB Citi Fund Management LLC (1997-2004).
Alan Fu (54)(a)(1) | Assistant Treasurer
Principal Occupation(s) During the Past Five Years: Vice President and Corporate Counsel - Tax, Prudential Financial, Inc. (since October 2003).
(a) Excludes Mr. Pelletier and Mr. Cronin, interested Board Members who also serve as President and Vice President, respectively.
D-2
(1) The year in which each individual became an Officer of a Company is as follows: Kathryn L. Quirk, 2005; Deborah A. Docs, 2005; Jonathan D. Shain, 2005; Claudia DiGiacomo, 2005; John P. Schwartz, 2006; Andrew R. French, 2006; Timothy J. Knierim, 2007; Valerie M. Simpson, 2007; Theresa C. Thompson, 2008; Noreen M. Fierro, 2006; Grace C. Torres, 2003; Peter Parrella, 2007; M. Sadiq Peshimam, 2006; Alan Fu, 2006.
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Exhibit E
AUDIT COMMITTEE
CHARTER
I. Qualifications for Membership on the Audit Committee
The Audit Committee of each Fund shall consist of a minimum of three Directors of the Fund, appointed by the Board of Directors of the Fund, provided that:
(a) no member shall be an "interested person" of the Fund, as that term is defined in Section 2(a)(19) of the Investment Company Act of 1940 (1940 Act);
(b) no member shall accept directly or indirectly any consulting, advisory, or other compensatory fee from the Fund (other than in his or her capacity as a member of the Board of Directors or any committee thereof);
(c) at the time of his or her appointment to the Audit Committee, each member shall be financially literate as such qualification is interpreted by the Board of Directors in its business judgment, or must become financially literate within a reasonable period of time after his or her appointment to the Audit Committee; and
(d) at least one member must have accounting or related financial management expertise as the Board of Directors interprets such qualification in its business judgment.
The Board of Directors shall determine annually (i) if simultaneous service on the audit committees of more than three public companies by a member of the Audit Committee would not impair the ability of such member to effectively serve on the Audit Committee and (ii) whether any member of the Audit Committee is an "audit committee financial expert," as defined in Item 3 of Form N-CSR.
II. Purposes of the Audit Committee
The purposes of the Audit Committee are:
(a) to oversee the accounting and financial reporting processes of the Fund and its internal control over financial reporting;
(b) to oversee the integrity of the Fund's financial statements and the independent audit thereof;
(c) to oversee or, as appropriate, assist Board oversight of, the Fund's compliance with legal and regulatory requirements that relate to the Fund's accounting and financial reporting, internal control over financial reporting and independent audits;
(d) to approve the engagement of the Fund's independent registered public accounting firm ("independent accountants") and, in connection therewith and on an
E-1
ongoing basis, to review and evaluate the qualifications, independence and performance of the Fund's independent accountants; and
(e) to act as a liaison between the Fund's independent accountants and the full Board.
III. Role and Responsibilities of the Audit Committee
The function of the Audit Committee is oversight; it is management's responsibility to maintain appropriate systems for accounting and internal control over financial reporting, and the independent accountants' responsibility to plan and carry out a proper audit. Specifically, management is responsible for: (1) preparation, presentation and integrity of the Fund financial statements; (2) maintenance of appropriate accounting and financial reporting principles and policies; (3) maintenance of internal control over financial reporting and other procedures designed to assure compliance with accounting standards and related laws and regulations; and (4) maintenance of procedures for the reporting to the Audit Committee of material findings by the internal audit department of Prudential Financial, Inc. relating to the operations of the Fund and/or its advisers or service providers. The independent accountants are responsible for planning and carr ying out an audit consistent with applicable legal and professional standards and terms of their engagement letter. The independent accountants are accountable to the Board of Directors and the Audit Committee, as representatives of the shareholders. The Audit Committee and the Board of Directors have the ultimate authority and responsibility to retain and terminate the Fund's independent accountants (subject, if applicable, to shareholder ratification). Nothing in this Charter shall be construed to reduce the responsibilities or liabilities of the Fund's service providers, including the independent accountants.
The review of a Fund's financial statements by the Audit Committee is not an audit, nor does the Committee's review substitute for the responsibilities of management for preparing, or the independent accountants for auditing, the financial statements. In fulfilling their responsibilities hereunder, it is recognized that members of the Audit Committee are not full-time employees of the Fund or management and, in serving on this Committee, are not, and do not hold themselves out to be, acting as accountants or auditors. As such, it is not the responsibility of the Committee or its members to conduct audits, to determine that the financial statements are complete and accurate and are in accordance with generally accepted accounting principles, to conduct "field work" or other types of auditing or accounting reviews or procedures.
In discharging his or her duties, each member of the Audit Committee is entitled to rely on information, opinions, reports or statements, including financial statements and other financial data, if prepared or presented by: (1) one or more officers of the Fund whom the Director reasonably believes to be reliable and competent in the matters presented; (2) legal counsel, public accountants or other persons as to matters the Director reasonably believes are within the person's professional or expert
E-2
competence; (3) a Board committee of which the Director is not a member; and (4) representations made by management as to any information technology, internal audit and other non-audit services provided by the independent accountants to the Fund. "Management" means the Fund's manager, acting through its officers and employees, not the Fund's officers as such.
IV. Duties and Powers of the Audit Committee
To carry out its purposes, the Audit Committee shall have the following duties and powers:
(a) to select or retain independent accountants to annually audit and provide their opinion on the Fund's financial statements, and recommend to those Board members who are not "interested persons" (as that term is defined in Section 2(a)(19) of the 1940 Act) to ratify the selection or retention;
(b) to terminate, as appropriate, the independent accountants;
(c) to monitor the independence and capabilities of the independent accountants;
(d) to review and approve the independent accountants' compensation and the proposed terms of their engagement, including the fees proposed to be charged to the Fund by the independent accountants for each audit and non-audit service;
(e) to approve prior to appointment, the engagement of the independent accountants or any other independent accounting firms to provide other audit services to the Fund or to provide permissible non-audit services to the Fund, its investment adviser (which throughout this Charter includes the Fund's subadviser(s), if any) or any entity controlling, controlled by, or under common control with the investment adviser (adviser affiliate) that provides ongoing services to the Fund, if the engagement relates directly to the operations or financial reporting of the Fund and as otherwise required by law;
(f) to discuss with management the independent accountants' proposals for implementing the rotation of the lead audit partner, the concurring partner and any other active audit engagement team partner and to consider periodically whether to rotate the audit firm itself;
(g) to establish, to the extent deemed appropriate by the Audit Committee, policies and procedures for pre-approval of the engagement of the Fund's independent accountants to provide any of the services described in the paragraph immediately above;
(h) to consider the controls applied by the independent accountants and any measures taken by management in an effort to assure that all items requiring pre-approval by the Audit Committee are identified and referred to the Committee in a timely fashion;
E-3
(i) to consider whether the non-audit services provided by the Fund's independent accountants to the Fund, the Fund's investment adviser or any adviser affiliate that provides ongoing services to the Fund, are compatible with maintaining the independent accountants' independence;
(j) to recommend to the Board of Directors the appointment of the Fund's principal accounting officer and principal financial officer;
(k) to review the arrangements for and scope of the annual audit and any special audits;
(l) to oversee the work of the Fund's independent accountants by reviewing, with the independent accountants, (i) the arrangements for, the scope of, and the results of, the audit of annual financial statements; and (ii) the Fund's accounting and financial reporting policies and practices, its internal controls and, as appropriate, the internal controls of key service providers;
(m) to review and discuss the Fund's annual audited financial statements, and, to the extent required by applicable law or regulations, the Fund's semi-annual financial statements, with management and the Fund's independent accountants and to review the independent accountants' opinion on the Fund's financial statements;
(n) to review, as appropriate and in consultation with management and/or the independent accountants, reports or other communications submitted by the independent accountants, whether voluntary or mandated by law, including those relating to Fund accounting and financial reporting policies, procedures and internal controls over financial reporting (including the Fund's critical accounting policies and practices), any matters of concern relating to the Fund's financial statements, including any adjustments to such statements recommended by the independent accountants, any material problems or difficulties in conducting the audit or reaching an unqualified opinion on the financial statements, any significant disagreements with management and, to the extent the Audit Committee deems necessary or appropriate, any matters to promote improvements in the quality of the Fund's accounting and financial reporting, as well as any management responses to comments relating to those policies, procedures, controls and other issues;
(o) to review with the Fund's principal executive officer and/or principal financial officer in connection with required certifications on Form N-CSR any significant deficiencies in the design or operation of internal controls over financial reporting or material weaknesses therein and any reported evidence of fraud involving management or its employees, or any service provider who has a significant role in the Fund's internal control over financial reporting;
(p) to consider, in consultation with the independent accountants and management, the adequacy of the Fund's accounting and financial reporting policies and practices and their internal controls and procedures for financial reporting;
E-4
(q) to establish procedures for (i) the receipt, retention and treatment of complaints received by the Fund relating to accounting, internal accounting controls, or auditing matters, and (ii) the confidential, anonymous submission by employees of the Fund and by employees of the Fund's investment adviser, administrator, principal underwriter, and any other provider of accounting related services for the Fund of concerns about accounting or auditing matters;
(r) to address reports from attorneys (in accordance with any attorney conduct procedures adopted by the Fund or its investment adviser from time to time) or independent accountants of possible violations of federal or state law or fiduciary duty;
(s) to review, periodically, reports to the Audit Committee regarding findings by the internal audit department of Prudential Financial, Inc. relating to the operations of the Fund and/or its advisers or service providers;
(t) to investigate, or initiate an investigation, when the Committee deems it necessary, of reports of potential improprieties or improprieties in connection with the Fund's accounting or financial reporting Fund operations;
(u) to meet periodically with management (outside the presence of the independent accountants) and with the independent accountants of the Fund (outside the presence of management) to discuss any issues relating to the Fund's audited financial statements or otherwise arising from the Committee's functions.
(v) to resolve disagreements between management and the independent accountants regarding financial reporting or in Fund operations;
(w) at least annually, to obtain and review a report by the Fund's independent accountants: (i) describing such independent accountants' internal quality-control procedures; (ii) describing any material issues raised by the most recent internal quality-control review, or peer review, of such independent accountants, or by any inquiry or investigation by governmental or professional authorities, within the preceding five years, respecting one or more independent audits carried out by such independent accountants, and any steps taken to deal with any such issues; and (iii) assessing the independence of the Fund's independent accountants, all relationships between the Fund's independent accountants and the Fund, the Fund's investment adviser, and affiliates of the adviser;
(x) to establish hiring policies and procedures for the Fund, its investment adviser or administrator relating to the hiring of employees or former employees of the Fund's independent accountants;
(y) to report the Committee's activities and conclusions on a regular basis to the Board of Directors and to make such recommendations as the Committee deems necessary or appropriate;
(z) to at least annually review the adequacy of, and, as appropriate, implement changes to, its Charter;
E-5
(aa) to perform such other functions and to have such powers as may be necessary or appropriate in the efficient and lawful discharge of the powers provided in this Charter; and
(bb) to evaluate annually the performance of the Audit Committee.
To the extent permitted by a Fund's Articles of Incorporation/Declaration of Trust and bylaws, the Audit Committee may delegate any portion of its authority, including the authority to grant pre-approvals of audit and permitted non-audit services, to a subcommittee of one or more members in accordance with pre-approval policies and procedures developed by the Committee. Any decisions of the subcommittee to grant pre-approvals shall be presented to the full Audit Committee at its next regularly scheduled meeting. Pre-approval of the audit required by the federal securities laws may not be delegated.
The Audit Committee shall have the resources and authority appropriate to discharge its responsibilities, including appropriate funding, as determined by the Committee, for payment of compensation to the Fund's independent accountants or any other accounting firm engaged for the purpose of preparing or issuing an audit report or performing other audit review or attest services for the Fund, the authority to retain and compensate independent counsel and other advisers as the Committee deems necessary, and the appropriate resources, as the Committee deems necessary, to pay for ordinary administrative expenses of the Audit Committee that are necessary or appropriate in carrying out its duties.
V. Meetings of the Audit Committee
The Audit Committee shall regularly meet, in separate executive sessions, with representatives of management and the Fund's independent accountants. The Committee may also request to meet with internal legal counsel and compliance personnel of the Fund's investment adviser and with entities that provide significant accounting or administrative services to the Fund to discuss matters relating to the Fund's accounting and compliance as well as other Fund-related matters.
E-6
Exhibit F
BOARD & COMMITTEE MEETINGS(1)
HELD DURING LAST FISCAL YEAR
Company | | Board Meetings | | Audit Committee Meetings | | Nominating & Governance Committee Meetings | |
AST | | | 6 | | | | 4 | | | | 3 | | |
PSF | | | 6 | | | | 4 | | | | 3 | | |
GIB | | | 6 | | | | 4 | | | | 3 | | |
(1) During the most recent fiscal year for each Company, no incumbent Director, with the exception of Mr. Pelletier, attended fewer than 75 percent of the total number of Board and Committee meetings held during the fiscal year.
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Exhibit G
GOVERNANCE COMMITTEE
CHARTER
The responsibilities of the Governance Committee of each Fund include:
• Recommending to the Board of Directors of the Fund the slate of nominees for Independent Directors to be elected (including any Directors to be elected to fill vacancies). The Committee will evaluate candidates' qualifications for Board membership and their independence from management and principal service providers. Persons selected must be independent in terms of both the letter and the spirit of the Investment Company Act of 1940 (1940 Act) and the Rules, Regulations and Forms under the 1940 Act. The Committee also will consider the effect of any relationships beyond those delineated in the 1940 Act that might impair independence, such as business, financial or family relationships with Fund managers or service providers.
• Interviewing (which will be done by the Committee Chair and at least one other member of the Committee) any candidates (Independent, Interested or Non-Management) whom the Committee anticipates recommending to the Board of Directors for service on the Board. The Committee will not consider any candidate for an Independent Director who is a close family member of an employee, officer or interested Director of any Fund or its affiliates.
• Reviewing the independence of Independent Directors then serving on the Fund Board. No close family member of an employee, officer or interested Director of any Fund or its affiliates will be deemed independent.
• Reviewing, periodically, the composition of each Committee of the Board.
• Recommending, as appropriate, to the Board the Directors to be selected for membership on the various Board Committees.
• Reviewing the composition of the Board of Directors to determine whether it may be appropriate to add individuals with different backgrounds or skills from those already on the Board.
• Reporting annually to the Board on whether the Audit Committee has at least one Audit Committee Financial Expert.
• Assisting the Board Chair with the development of Board meeting agendas.
• Reviewing each Director's beneficial ownership of shares of Prudential Mutual Funds. The Committee will encourage each Director, to the extent it is financially suitable, to maintain investments, either directly or beneficially, in the Funds (or other funds advised by the Funds' investment adviser) that are equal to the aggregate fees for one year that he or she receives for Board-related service to the Funds.
• Being available to assist the Board of Directors in evaluating the quality of Director participation on the Board, which may be measured, in part, by factors such as attendance and contributions at Board meetings and by a
G-1
review of responses to the annual Board Assessment Questionnaire. The Committee will review, with the Board Chair, the summary of responses to the Board Assessment Questionnaire and report those responses to the full Board. A Director automatically will be ineligible for re-nomination to the Board, and the Board will request his or her resignation, if for health or any other reason the individual fails to participate, over any eighteen-month period, in (1) three consecutive regularly scheduled in-person meetings of the Board or (2) four in-person meetings of the Board.
• Recommending to the Board a successor to the Board Chair or the Board Vice Chair, as applicable, at the expiration of a term or when a vacancy occurs.
• Developing an annual education calendar that details the topics to be addressed in the Board's quarterly education sessions. The educational calendar for a year will be presented to the full Board at its fourth quarterly meeting of that year. The Committee Chair, in consultation with the Board Chair, may make adjustments to the educational calendar during the year as appropriate due to industry or regulatory developments or other factors.
• Monitoring the attendance by each Independent or Non-Management Director at no less than one educational seminar, conference or similar meeting per year, in accordance with Board expectations. Any Independent or Non-Management Director who wishes to attend an educational seminar, conference or similar meeting must obtain the consent of the Board Chair before registering for or incurring expenses in connection with that educational seminar, conference or meeting.
• Developing and conducting orientation sessions for any new Independent or Non-Management Directors before or shortly after the new Director joins the Board.
• In collaboration with outside counsel and as required by law or deemed advisable by the Committee, developing policies and procedures addressing matters which should come before the Committee in the proper exercise of its duties.
• Reviewing, at least annually, the Board's adherence to industry "best practices."
• Reviewing Director compliance with the policy encouraging Directors to provide, when feasible, at least six months' notice before resigning from the Board.
• Reviewing Director compliance with the requirement that a Director must retire from Board service by December 31 of the year in which he or she reaches the age of 78; provided, however, that the Committee may recommend to the Board the extension of that person's service for a one-year term, which the Board can continue to renew annually for additional one-year periods.
• Reviewing and making recommendations to the Board of Directors concerning Director compensation and expenses, including:
– annual Director fees;
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– supplemental compensation for Committee service;
– supplemental compensation for serving as Board Chair or Vice Chair;
– supplemental compensation for serving as a Committee Chair;
– Board or Committee meeting attendance fees; and
– expense reimbursement.
• Annually reviewing and, as appropriate, recommending changes to its Charter.
* A Non-Management Director is an Interested Director who is no longer an employee of Prudential Financial or its affiliates.
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Exhibit H
AUDIT FEES PAID BY THE PRUDENTIAL SERIES FUND
Portfolio | | Fiscal Year Ended 12/31/09 | | Fiscal Year Ended 12/31/08 | |
Conservative Balanced | | $ | 35,577 | | | $ | 35,577 | | |
|
Diversified Bond | | $ | 32,950 | | | $ | 32,950 | | |
|
Equity | | $ | 19,928 | | | $ | 19,928 | | |
|
Flexible Managed | | $ | 35,577 | | | $ | 35,577 | | |
|
Global | | $ | 25,182 | | | $ | 25,182 | | |
|
Government Income | | $ | 27,950 | | | $ | 27,950 | | |
|
High Yield Bond | | $ | 22,950 | | | $ | 22,950 | | |
|
Jennison | | $ | 17,301 | | | $ | 17,301 | | |
|
Jennison 20/20 Focus | | $ | 17,301 | | | $ | 17,301 | | |
|
SP Growth Asset Allocation | | $ | 17,301 | | | $ | 17,301 | | |
|
Money Market | | $ | 15,771 | | | $ | 15,771 | | |
|
Natural Resources | | $ | 17,301 | | | $ | 17,301 | | |
|
Small Capitalization Stock | | $ | 17,301 | | | $ | 17,301 | | |
|
Stock Index | | $ | 17,301 | | | $ | 17,301 | | |
|
Value | | $ | 17,301 | | | $ | 17,301 | | |
|
SP International Growth | | $ | 22,715 | | | $ | 22,715 | | |
|
SP International Value | | $ | 22,715 | | | $ | 22,715 | | |
|
SP Prudential U.S. Emerging Growth | | $ | 17,301 | | | $ | 17,301 | | |
|
SP Small Cap Value | | $ | 19,928 | | | $ | 19,928 | | |
|
AUDIT FEES PAID BY ADVANCED SERIES TRUST
Portfolio | | Fiscal Year Ended 12/31/09 | | Fiscal Year Ended 12/31/08 | |
AST Academic Strategies Asset Allocation | | $ | 80,963 | | | NA | |
|
AST Advanced Strategies | | $ | 85,963 | | | $ | 85,963 | | |
|
AST Aggressive Asset Allocation | | $ | 18,242 | | | $ | 18,242 | | |
|
H-1
Portfolio | | Fiscal Year Ended 12/31/09 | | Fiscal Year Ended 12/31/08 | |
AST AllianceBernstein Core Value | | $ | 18,125 | | | $ | 18,125 | | |
|
AST AllianceBernstein Growth and Income | | $ | 18,007 | | | $ | 18,007 | | |
|
AST American Century Income & Growth | | $ | 18,007 | | | $ | 18,007 | | |
|
AST Balanced Asset Allocation | | $ | 18,242 | | | $ | 18,242 | | |
|
AST Bond Portfolio 2015 | | $ | 24,070 | | | $ | 24,070 | | |
|
AST Bond Portfolio 2016 | | $ | 35,500 | | | | NA | | |
|
AST Bond Portfolio 2017 | | | NA | | | | NA | | |
|
AST Bond Portfolio 2018 | | $ | 24,070 | | | $ | 24,070 | | |
|
AST Bond Portfolio 2019 | | $ | 24,070 | | | $ | 24,070 | | |
|
AST Bond Portfolio 2020 | | $ | 35,500 | | | | NA | | |
|
AST Bond Portfolio 2021 | | | NA | | | | NA | | |
|
AST Capital Growth Asset Allocation Portfolio | | $ | 18,242 | | | $ | 18,242 | | |
|
AST CLS Growth Asset Allocation | | $ | 25,893 | | | $ | 25,893 | | |
|
AST CLS Moderate Asset Allocation | | $ | 25,893 | | | $ | 25,893 | | |
|
AST Cohen & Steers Realty | | $ | 18,007 | | | $ | 18,007 | | |
|
AST Federated Aggressive Growth | | $ | 18,007 | | | $ | 18,007 | | |
|
AST FI Pyramis® Asset Allocation Portfolio | | $ | 25,893 | | | $ | 25,893 | | |
|
AST First Trust Balanced Target | | $ | 25,893 | | | $ | 25,893 | | |
|
AST First Trust Capital Appreciation Target | | $ | 25,893 | | | $ | 25,893 | | |
|
AST Global Real Estate | | $ | 40,000 | | | $ | 40,000 | | |
|
AST Goldman Sachs Concentrated Growth | | $ | 18,007 | | | $ | 18,007 | | |
|
AST Goldman Sachs Mid-Cap Growth | | $ | 18,007 | | | $ | 18,007 | | |
|
AST Goldman Sachs Small-Cap Value | | $ | 18,007 | | | $ | 18,007 | | |
|
AST High Yield | | $ | 34,570 | | | $ | 34,570 | | |
|
AST Horizon Growth Asset Allocation | | $ | 25,893 | | | $ | 25,893 | | |
|
AST Horizon Moderate Asset Allocation | | $ | 25,893 | | | $ | 25,893 | | |
|
AST International Growth | | $ | 23,656 | | | $ | 23,656 | | |
|
H-2
Portfolio | | Fiscal Year Ended 12/31/09 | | Fiscal Year Ended 12/31/08 | |
AST International Value | | $ | 23,656 | | | $ | 23,656 | | |
|
AST Investment Grade Bond | | $ | 24,070 | | | $ | 24,070 | | |
|
AST Jennison Large-Cap Growth | | $ | 16,000 | | | | NA | | |
|
AST Jennison Large-Cap Value | | $ | 16,000 | | | | NA | | |
|
AST JPMorgan International Equity | | $ | 23,656 | | | $ | 23,656 | | |
|
AST JPMorgan Strategic Opportunities | | $ | 36,156 | | | $ | 36,156 | | |
|
AST Large-Cap Value | | $ | 20,752 | | | $ | 20,752 | | |
|
AST Lord Abbett Bond-Debenture | | $ | 23,892 | | | $ | 23,892 | | |
|
AST Marsico Capital Growth | | $ | 18,007 | | | $ | 18,007 | | |
|
AST MFS Global Equity | | $ | 23,656 | | | $ | 23,656 | | |
|
AST MFS Growth | | $ | 18,007 | | | $ | 18,007 | | |
|
AST Mid-Cap Value | | $ | 20,634 | | | $ | 20,634 | | |
|
AST Money Market | | $ | 16,359 | | | $ | 16,359 | | |
|
AST Neuberger Berman Mid-Cap Growth | | $ | 18,007 | | | $ | 18,007 | | |
|
AST Neuberger Berman / LSV Mid-Cap Value | | $ | 19,625 | | | $ | 18,125 | | |
|
AST Neuberger Berman Small-Cap Growth | | $ | 20,752 | | | $ | 20,752 | | |
|
AST Parametric Emerging Markets Equity | | $ | 28,656 | | | $ | 28,656 | | |
|
AST PIMCO Limited Maturity Bond | | $ | 44,298 | | | $ | 44,298 | | |
|
AST PIMCO Total Return Bond | | $ | 58,807 | | | $ | 58,807 | | |
|
AST Preservation Asset Allocation | | $ | 18,242 | | | $ | 18,242 | | |
|
AST QMA US Equity Alpha | | $ | 36,156 | | | $ | 18,125 | | |
|
AST Schroders Multi-Asset World Strategies | | $ | 33,392 | | | $ | 23,892 | | |
|
AST Small-Cap Growth | | $ | 18,125 | | | $ | 18,125 | | |
|
AST Small-Cap Value | | $ | 25,888 | | | $ | 25,888 | | |
|
AST T. Rowe Price Asset Allocation | | $ | 18,125 | | | $ | 18,125 | | |
|
AST T. Rowe Price Global Bond | | $ | 40,386 | | | $ | 40,386 | | |
|
AST T. Rowe Price Large Cap Growth | | $ | 18,007 | | | $ | 18,007 | | |
|
H-3
Portfolio | | Fiscal Year Ended 12/31/09 | | Fiscal Year Ended 12/31/08 | |
AST T. Rowe Price Natural Resources | | $ | 18,125 | | | $ | 18,125 | | |
|
AST Value | | $ | 18,125 | | | $ | 18,125 | | |
|
AST Western Asset Core Plus Bond | | $ | 35,560 | | | $ | 35,560 | | |
|
AUDIT FEES PAID BY PRUDENTIAL'S GIBRALTAR FUND, INC
Fiscal Year Ended 12/31/09: $17,301
Fiscal Year Ended 12/31/08: $17,301
H-4
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[ADVANCED SERIES TRUST]
Gateway Center Three
100 Mulberry Street
Newark, New Jersey 07102
TWO EASY WAYS TO VOTE YOUR BALLOT!
TELEPHONE: Call 1-800-690-6903 and follow the recorded instructions.
MAIL: Vote, sign, date and return your voting instruction card by mail.
SPECIAL MEETING OF SHAREHOLDERS FEBRUARY 25, 2011
VOTING INSTRUCTION CARD
[INSURANCE CO. NAME]
The undersigned hereby instructs the above-referenced insurance company (the “Insurance Company) to vote all shares of the Company attributable to the undersigned’s variable contract or interest therein at the Special Meeting of Shareholders on February 25, 2011 at 10 a.m. Eastern Time, and at any adjournments thereof, as indicated on the reverse side of this Voting Instruction Card.
IF THIS VOTING INSTRUCTION CARD IS SIGNED AND RETURNED WITH NO CHOICES INDICATED, THE SHARES WILL BE VOTED FOR THE PROPOSAL. If you fail to return this Voting Instruction Card, or if you do not sign your Voting Instruction Card, the Insurance Company will vote all shares attributable to your account value in proportion to all voting instructions for the Company actually received from contract owners in the Separate Account.
| | Dated: | | |
| | | | |
| |
| Signature | | (Sign in the Box) |
| Please sign exactly as your name appears to the left |
| | | | | | |
TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS:
KEEP THIS PORTION FOR YOUR RECORDS
DETACH AND RETURN THIS PORTION ONLY
THIS VOTING INSTRUCTION CARD IS VALID ONLY WHEN SIGNED AND DATED.
THE BOARD OF TRUSTEES/DIRECTORS RECOMMENDS A VOTE FOR ALL OF THE NOMINEES
1) To elect ten Trustees/Directors.
Nominees:
01) Susan Davenport Austin
02) Timothy S. Cronin
03) Saul K. Fenster
04) Delayne Dedrick Gold
05) Robert F. Gunia
06) W. Scott McDonald, Jr.
07) Thomas T. Mooney
08) Thomas M. O’Brien
09) Stephen Pelletier
10) F. Don Schwartz
| | FOR ALL | | WITHHOLD ALL | | FOR ALL EXCEPT | | TO WITHHOLD AUTHORITY TO VOTE, MARK “FOR ALL EXCEPT” AND WRITE THE NOMINEE’S NUMBER ON THE LINE BELOW. | |
| | / / | | / / | | / / | | | |
| | | | | | | | | |
Please be sure to sign and date this Voting Instruction Card.
| | | | |
| SIGNATURE (PLEASE SIGN WITHIN BOX) | | DATE | |
| | | | |
| | | | |
| SIGNATURE (JOINT OWNERS) | | DATE | |
PROXY TABULATOR | | |
P.O. BOX 9112 | | VOTE TODAY BY MAIL |
FARMINGDALE, NY 11735 | | OR |
| The Prudential Series Fund | TOUCH-TONE PHONE |
| Advanced Series Trust | CALL TOLL-FREE 1-888-221-0697 |
| Prudential’s Gibraltar Fund, Inc. | |
| (each a “Fund”) | |
I | Gateway Center Three | |
100 Mulberry Street | |
| Newark, New Jersey 07102-4077 | |
| Joint Special Meetings of Shareholders | |
| February 25, 2011, 10:00 a.m. Eastern Time | |
VOTING INSTRUCTIONS FORM
VOTING INSTRUCTIONS ARE HEREBY SOLICITED BY THE ABOVE-REFERENCED INSURANCE COMPANY(IES) (THE “INSURANCE COMPANY”) AND THE BOARD OF TRUSTEES/ DIRECTORS OF ADVANCED SERIES TRUST, THE PRUDENTIAL SERIES FUND, OR PRUDENTIAL’S GIBRALTAR FUND, INC., AS APPLICABLE, (THE “FUNDS”) IN CONNECTION WITH THE JOINT SPECIAL MEETINGS OF SHAREHOLDERS OF THE FUNDS TO BE HELD ON FEBRUARY 25, 2011 AT 10:00 A.M. EASTERN TIME, OR ANY ADJOURNMENT THEREOF, AT THE OFFICES OF PRUDENTIAL INVESTMENTS LLC, GATEWAY CENTER THREE, 4TH FLOOR, 100 MULBERRY STREET, NEWARK, NEW JERSEY 07102.
I (we) the undersigned hereby instruct the Insurance Company to vote the Insurance Company shares to which I (we) the undersigned am (are) entitled to give instructions as indicated on the reverse side. Every properly signed voting instruction card will be voted in the manner specified hereon and, in the absence of specification, will be voted FOR the Proposal. If you do not respond, the Insurance Company will vote all shares attributable to your contract in proportion to the voting instructions actually received from contract owners.
Receipt of Notice of Special Meeting and Proxy Statement is hereby acknowledged.
| | PLEASE SIGN, DATE AND RETURN PROMPTLY. |
| |
| Dated: | | |
| Signature(s) | (Sign in the Box) |
| |
| |
| |
| |
| Joint owners should each sign personally. If only one signs, his or her signature will be binding. If the contract owner is a trust, custodial account or other entity, the name of the trust or the custodial account should be entered and the trustee, custodian, etc. should sign in his or her own name, indicating that he or she is “Trustee,” “Custodian,” or other applicable designation. If the contract owner is a partnership, the partnership should be entered and the partner should sign in his or her own name, indicating that he or she is a “Partner.” |
| |
| | | | | |
| | Please fill in box(es) as shown using black or blue ink or number 2 pencil. | x |
|
| | PLEASE DO NOT USE FINE POINT PENS. | |
I. | To elect ten Trustees / Directors. |
| | | | | FOR | WITHHOLD | FOR ALL | |
| Nominees: | | | ALL | ALL | EXCEPT | |
| | | | | | | | |
| 01) | Susan Davenport Austin | 07) | Thomas T. Mooney | | | | |
| 02) | Timothy S. Cronin | 08) | Thomas M. O’Brien | o | o | o | |
| 03) | Saul K. Fenster | 09) | Stephen Pelletier | | | | |
| 04) | Delayne Dedrick Gold | 10) | F. Don Schwartz | | | | |
| 05) | Robert F. Gunia | | |
| 06) | W. Scott McDonald, Jr. | | |
| | | | |
| | | | | |
| | | | |
| To withhold authority to vote for any individual nominee(s), mark “For All Except” and write the number(s) of the nominee(s) on the line above. |
PLEASE SIGN AND DATE ON THE REVERSE SIDE.
| | PRU-ASTVIC-VOD | |
| | | |