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Advanced Series Trust AST Academic Strategies Asset ... - Prudential

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<strong>AST</strong> International Growth Portfolio<br />

Year Ended December 31,<br />

2009(c) 2008 2007 2006 2005<br />

Per Share Operating Performance:<br />

Net <strong>Asset</strong> Value, beginning of year $ 7.61 $ 18.26 $ 16.55 $ 13.85 $ 12.01<br />

Income (Loss) From Investment Operations:<br />

Net investment income 0.05 0.19 0.18 0.08 0.07<br />

Net realized and unrealized gain (loss) on investments 2.61 (8.15) 2.95 2.80 1.90<br />

Total from investment operations 2.66 (7.96) 3.13 2.88 1.97<br />

Less Dividends and Distributions:<br />

Dividends from net investment income — — — — (0.13)<br />

Distributions (0.16) (2.69) (1.42) (0.18) —<br />

Total dividends and distributions (0.16) (2.69) (1.42) (0.18) (0.13)<br />

Net <strong>Asset</strong> Value, end of year $ 10.11 $ 7.61 $ 18.26 $ 16.55 $ 13.85<br />

Total Return(a) 35.29% (50.23)% 19.05% 20.97% 16.56%<br />

Ratios/Supplemental Data:<br />

Net assets, end of year (in millions) $2,138.5 $1,003.9 $2,773.4 $2,280.5 $1,811.2<br />

Ratios to average net assets(b):<br />

Expenses After Waivers and/or Expense Reimbursement 1.12% 1.16% 1.11% 1.10% 1.08%<br />

Expenses Before Waivers and/or Expense Reimbursement 1.13% 1.16% 1.11% 1.15% 1.18%<br />

Net investment income 0.57% 1.30% 0.97% 0.55% 0.48%<br />

Portfolio turnover rate 80% 102% 85% 111% 82%<br />

(a)<br />

(b)<br />

(c)<br />

Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year reported and includes reinvestment of<br />

dividends and distributions and does not reflect the effect of insurance contract charges. Total return does not reflect expenses associated with the<br />

separate account such as administrative fees, account charges and surrender charges which, if reflected, would reduce the total return for all periods<br />

shown. Performance figures may reflect voluntary fee waivers and/or expense reimbursements. In the absence of voluntary fee waivers and/or expense<br />

reimbursements, the total return would be lower. Past performance is no guarantee of future results. Total returns may reflect adjustments to conform to<br />

generally accepted accounting principles.<br />

Does not include expenses of the underlying portfolio in which the Portfolio invests.<br />

Calculated based on average shares outstanding during the period.<br />

339

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