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

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APPENDIX II ASSET ALLOCATIONS FOR MODERATE ASSET ALLOCATION PORTFOLIOS AS OF JANUARY 31, 2010 Asset Class and Investment Category AST CLS Moderate Asset Allocation AST Horizon Moderate Asset Allocation Allocation Guideline Established by PI Core Equities 40%-60% Domestic Large & Mid Cap 20%-60% Large & Mid Cap Value 12.55% 14.04% 10%-30% Large & Mid Cap Growth 14.92% 13.92% 10%-30% Domestic Small Cap 0%-6% Small Cap Value 0.00% 2.56% 0%-6% Small Cap Growth 5.57% 2.41% 0%-6% International Large Cap 0%-15% Value 4.70% 4.95% 0%-10% Growth 9.34% 4.79% 0%-10% Core Domestic Fixed-Income 40%-60% Domestic Fixed-Income (Core Bonds) 28.71% 41.27% 20%-60% Cash/Money Market Instruments 14.34% 9.26% 0%-40% "Off-Benchmark" Investment Categories 9.87% 6.78% 0%-10% 364
APPENDIX III UNDERLYING PORTFOLIO WEIGHTS FOR TACTICAL ASSET ALLOCATION PORTFOLIOS AS OF JANUARY 31, 2010 AST CLS Growth Asset Allocation Portfolio Asset Class and Investment Category Core Equities Underlying Portfolio Estimated Weight* Domestic Large & Mid-Cap Value AST Large-Cap Value 11.26% Domestic Large & Mid-Cap Value AST Value Portfolio 5.58% Domestic Large & Mid-Cap Value AST Jennison Large Cap Value 1.92% Domestic Large & Mid-Cap Value AST AllianceBernstein Growth & Income - Domestic Large & Mid-Cap Value AST Mid-Cap Value 0.59% Domestic Large & Mid-Cap Growth AST Marsico Capital Growth 8.36% Domestic Large & Mid-Cap Growth AST T. Rowe Price Large-Cap Growth 2.12% Domestic Large & Mid-Cap Growth AST Jennison Large Cap Growth 2.10% Domestic Large & Mid-Cap Growth AST MFS Growth Portfolio 8.52% Domestic Large & Mid-Cap Growth AST Neuberger Berman Mid-Cap Growth 0.68% Domestic Large & Mid-Cap Growth AST Goldman Sachs Mid-Cap Growth Portfolio 0.69% Domestic Small-Cap Growth AST Small-Cap Growth Portfolio 3.23% Domestic Small-Cap Growth AST Federated Aggressive Growth Portfolio 3.32% International Large-Cap Value AST International Value Portfolio 4.75% International Large-Cap Growth AST International Growth 14.14% Core Domestic Fixed-Income Securities Domestic Fixed-Income (Core Bonds) AST PIMCO Total Return Bond 14.04% Domestic Fixed-Income (Core Bonds) AST Western Asset Core Plus Bond 3.47% Cash/Money Market Instruments AST Money Market 5.36% "Off-Benchmark" Investment Categories 9.87% International Equity International Equity Sector Equity IPATH DJ AIGCITR ETN (DJP) iShares MSCI Hong Kong Index Fund (EWH) iShares MSCI Emerging Market Index Fund (EEM) iShares S&P Global Technology Sect.(IXN) *Due to rounding, total of Estimated Weights may exceed 100%. Actual total of allocations is 100%. 365
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Advanced Series Trust AST Academic
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More detailed information relating
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Information About GSAM Portfolio Ma
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Advanced Series Trust Supplement da
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IV. Secondary Performance Benchmark
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esponsible for managing the remaini
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For both CBOs and CLOs, the cashflo
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The High Yield Portfolio may also m
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ADVANCED SERIES TRUST PROSPECTUS DA
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Weighted median market capitalizati
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ADVANCED SERIES TRUST PROSPECTUS DA
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Investment Company Act of 1940 (the
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PIMCO believes to be relevant. PIMC
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companies located throughout the wo
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until the deal closes. • While mo
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Private Equity. Private equity fund
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II. AST High Yield Portfolio The Bo
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Advanced Series Trust Line 2 Line 3
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SUMMARY: AST ACADEMIC STRATEGIES AS
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Liquidity and valuation risk. From
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SUMMARY: AST ADVANCED STRATEGIES PO
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Short sale risk. The Portfolio’s
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SUMMARY: AST AGGRESSIVE ASSET ALLOC
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and certain bond funds (or, for one
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SUMMARY: AST ALLIANCEBERNSTEIN CORE
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Average Annual Total Returns (For t
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may not produce the desired results
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SUMMARY: AST AMERICAN CENTURY INCOM
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classes; the ability of the Portfol
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FINANCIAL INTERMEDIARY COMPENSATION
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action based upon the relevant fact
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SUMMARY: AST BOND PORTFOLIO 2016 IN
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MANAGEMENT OF THE PORTFOLIO Investm
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government agency. While the Portfo
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Annual Total Returns 0 Best Quarter
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action based upon the relevant fact
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MANAGEMENT OF THE PORTFOLIO Investm
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government agency. While the Portfo
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SUMMARY: AST CAPITAL GROWTH ASSET A
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Past Performance. A number of facto
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Fixed income securities risk. Inves
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SUMMARY: AST CLS MODERATE ASSET ALL
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The annual returns and average annu
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Market and management risk. Markets
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SUMMARY: AST FEDERATED AGGRESSIVE G
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Expense risk. Your actual cost of i
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Strategy Broad Market Duration Stra
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Annual Total Returns 30% 20% 10% 21
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Mid-capitalization company risk. Th
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SUMMARY: AST FIRST TRUST CAPITAL AP
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The table also demonstrates how the
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Foreign investment risk. Investment
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SUMMARY: AST GOLDMAN SACHS CONCENTR
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comparable to those in the U.S, and
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SUMMARY: AST GOLDMAN SACHS SMALL-CA
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Annual Total Returns 60% 45% 33.85
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Asset-backed securities risk. Asset
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SUMMARY: AST HORIZON GROWTH ASSET A
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Derivatives risk. A derivative is a
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SUMMARY: AST HORIZON MODERATE ASSET
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Derivatives risk. A derivative is a
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SUMMARY: AST INTERNATIONAL GROWTH P
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Market and management risk. Markets
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SUMMARY: AST INVESTMENT GRADE BOND
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Past Performance. A number of facto
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epatriating investment proceeds. Ma
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SUMMARY: AST JPMORGAN STRATEGIC OPP
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loans, mortgage-backed securities a
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SUMMARY: AST LARGE-CAP VALUE PORTFO
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in market interest rates and that t
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FINANCIAL INTERMEDIARY COMPENSATION
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established markets; foreign market
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SUMMARY: AST MFS GLOBAL EQUITY PORT
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established markets; foreign market
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SUMMARY: AST MID-CAP VALUE PORTFOLI
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SUMMARY: AST NEUBERGER BERMAN MID-C
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SUMMARY: AST NEUBERGER BERMAN SMALL
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usually differ from those in the U.
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SUMMARY: AST PIMCO LIMITED MATURITY
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Annual Total Returns 11% 10% 9% 8%
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credit risk and liquidity risk. Whe
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SUMMARY: AST PRESERVATION ASSET ALL
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will monitor each contract owner’
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SUMMARY: AST QMA US EQUITY ALPHA PO
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The annual returns and average annu
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which could impact the Portfolio. F
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Blended Index (reflects no deductio
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SUMMARY: AST SMALL CAP VALUE PORTFO
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Annual Total Returns 45% 30% 21.86
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High-yield risk. Investments in fix
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and related services. These payment
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SUMMARY: AST T. ROWE PRICE LARGE CA
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Portfolio 53.37% 3.95% -2.13% Index
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SUMMARY: AST VALUE PORTFOLIO INVEST
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ABOUT THE FUND ABOUT THE FUND AND I
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■ ■ ■ Liquidity and valuation
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■ There is a potential conflict o
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MORE DETAILED INFORMATION ON HOW TH
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AST Marsico Capital Growth AST T. R
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AST Global Real Estate Invests prim
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Global Macro (First Quadrant). This
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strategy. Second, QMA draws on its
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e classified as developed markets.
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Mortgage-Related and Other Asset-Ba
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Principal Investment Policies: The
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AST Bond Portfolio 2016 AST Bond Po
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amortizing mortgage securities offe
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■ ■ ■ ■ common stocks (incl
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AST Preservation Asset Allocation P
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4. International Value Strategy. Th
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To select the stocks for this strat
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“Dow Jones Corporate Bond Index,
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AST Global Real Estate Portfolio In
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Futures, Options and Other Derivati
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Futures, Options and Other Derivati
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not receive any payments (including
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William Blair. William Blair genera
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approach. The objective of the stra
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Growth Portfolio, the Subadviser al
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countries outside of the United Sta
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Hotchkis and Wiley normally focuses
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Special Situations. The Portfolio m
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summarized below: WEDGE normally em
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Asset-Backed Securities. The Portfo
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Other Investments: Although equity
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or profits from, emerging market co
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in value. When a Portfolio makes a
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to 10% of its total assets in fixed
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in return for a premium, one party
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Potential Conflicts: Side-by-Side M
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companies. Absolute Return. The Por
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and high return on invested capital
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ecause their currency markets are n
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The Portfolio may sell securities f
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Implementation of Target Asset Allo
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fixed-income security. For example,
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e subject to liquidity risk. Foreig
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a Portfolio may try to reduce risk
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INVESTMENT MANAGEMENT FEES Set fort
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without prior notice. ***Includes f
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First Quadrant L.P. (First Quadrant
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vehicles advised by affiliated and
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Devang Gambhirwala is a Principal a
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T. Rowe Price Segment. T. Rowe Pric
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1991 through 1996. Before joining B
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candidate for the CFA. QMA Ted Lock
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investments in private equity trans
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Andrew Jessop is an Executive Vice
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Portfolio Manager, joined Hotchkis
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AST Neuberger Berman Small-Cap Grow
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MBA from the University of Pennsylv
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Mr. Brennan joined T. Rowe Price in
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Fund and its transfer agent also re
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Short-term debt securities with rem
Page 347 and 348: PAYMENTS TO AFFILIATES PI and AST a
Page 349 and 350: AST Academic Strategies Asset Alloc
Page 351 and 352: AST Aggressive Asset Allocation Por
Page 353 and 354: AST AllianceBernstein Growth & Inco
Page 355 and 356: AST Balanced Asset Allocation Portf
Page 357 and 358: AST Bond Portfolio 2018 January 28,
Page 359 and 360: AST Capital Growth Asset Allocation
Page 361 and 362: AST CLS Moderate Asset Allocation P
Page 363 and 364: AST Federated Aggressive Growth Por
Page 365 and 366: AST First Trust Balanced Target Por
Page 367 and 368: AST Global Real Estate Portfolio Ma
Page 369 and 370: AST Goldman Sachs Small-Cap Value P
Page 371 and 372: AST Horizon Growth Asset Allocation
Page 373 and 374: AST International Growth Portfolio
Page 375 and 376: AST Investment Grade Bond Portfolio
Page 377 and 378: AST JPMorgan Strategic Opportunitie
Page 379 and 380: AST Lord Abbett Bond-Debenture Port
Page 381 and 382: AST MFS Growth Portfolio Year Ended
Page 383 and 384: AST Neuberger Berman Mid-Cap Growth
Page 385 and 386: AST PIMCO Limited Maturity Bond Por
Page 387 and 388: AST Preservation Asset Allocation P
Page 389 and 390: AST Schroders Multi-Asset World Str
Page 391 and 392: AST T. Rowe Price Asset Allocation
Page 393 and 394: AST T. Rowe Price Natural Resources
Page 395 and 396: AST Western Asset Core Plus Bond Po
Page 397: APPENDIX I ASSET ALLOCATIONS FOR GR
Page 401 and 402: AST Horizon Growth Asset Allocation
Page 403 and 404: 369
Page 405 and 406: SP-2: Satisfactory capacity to pay
Page 407 and 408: GLOSSARY PORTFOLIO INDEXES BofA Mer
Page 409 and 410: Russell 2000 Growth Index. The Russ
Page 411 and 412: AST First Trust Capital Appreciatio
Page 413 and 414: Notes 379
Page 415 and 416: Notes 381
Page 418: INVESTOR INFORMATION SERVICES: Shar
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