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

Russell 2000 Growth Index. The Russell 2000 Growth Index measures the performance of the small-cap growth segment of the U.S.
equity universe. It includes those Russell 2000 companies with higher price-to-book ratios and higher forecasted growth values.
These returns do not include the effect of any investment management expenses, and would be lower if they included the effect of
these expenses.
Russell 2000 Value Index. The Russell 2000 Value Index contains those securities in the Russell 2000 Index with a below average
growth orientation. Companies in this Index generally have low price-to-book and price-to-earnings ratios, higher dividend yields
and lower forecasted growth values. These returns do not include the effect of any operating expenses of a mutual fund or taxes
payable by investors and would be lower if they included these effects. Source: Lipper Inc.
Standard & Poor’s 500 Index. The Standard & Poor’s 500 Composite Stock Price Index is an unmanaged index of 500 stocks of large
U.S. public companies. It gives a broad look at how stock prices in the United States have performed. These returns do not include
the effect of any operating expenses of a mutual fund or taxes payable by investors and would be lower if they included these effects.
S&P Developed Property TR Index. The S&P Citigroup/BMI World Property Net Index is a broad market index of more than 400
companies from 21 countries, and is available for a wide range of regions (including ex-U.S.) as well as by country. The Index is
intended to provide a broad measure of the global property market, reflecting the risk and return characteristics of the broader
universe on an on-going basis. Companies within the Index are further classified by property type, allowing peer group comparisons.
These returns do not include the effect of any investment management expenses, and the returns would be lower if they included
such expenses.
S&P MidCap 400 Index. The S&P MidCap 400 Index is an unmanaged index of 400 stocks chosen based on market capitalization,
liquidity and industry representation. The index contains firms that are situated in size between the S&P 500 Index and the S&P
SmallCap 600 Index. These returns do not include the effect of any operating expenses and taxes. These returns would be lower if
they included the effect of operating expenses of a mutual fund or taxes. Source: Lipper Inc.
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