The Prudential Series Fund
The Prudential Series Fund
The Prudential Series Fund
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Global Portfolio<br />
Year Ended December 31,<br />
2008 2007 2006 2005 2004<br />
Per Share Operating Performance:<br />
Net Asset Value, beginning of year .................................... $ 24.62 $ 22.53 $ 18.96 $ 16.43 $15.14<br />
Income (Loss) From Investment Operations:<br />
Net investment income .............................................. .40 .36 .26 .13 .11<br />
Net realized and unrealized gain (loss) on investments .................... (10.38) 2.00 3.44 2.50 1.33<br />
Total from investment operations .................................. (9.98) 2.36 3.70 2.63 1.44<br />
Less Dividends and Distributions:<br />
Dividends from net investment income ................................. — — — (.10) (.15)<br />
Distributions ....................................................... (1.57) (.27) (.13) — —<br />
Total dividends and distributions .................................. (1.57) (.27) (.13) (.10) (.15)<br />
Net Asset Value, end of year ......................................... $ 13.07 $ 24.62 $ 22.53 $ 18.96 $16.43<br />
Total Return(a) .................................................... (42.92)% 10.48% 19.65% 16.06% 9.59%<br />
Ratios/Supplemental Data:<br />
Net assets, end of year (in millions) .................................... $ 512.7 $ 985.0 $ 932.9 $ 814.1 $691.1<br />
Ratios to average net assets(b):<br />
Expenses ....................................................... .84% .81% .84% .82% .84%<br />
Net investment income ............................................ 2.01% 1.43% 1.24% .77% .67%<br />
Portfolio turnover rate ............................................... 65% 48% 50% 155% 128%<br />
(a) 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<br />
reinvestment of dividends and distributions and does not reflect the effect of insurance contract charges. Total return does not reflect expenses<br />
associated with the separate account such as administrative fees, account charges and surrender charges which, if reflected, would reduce the<br />
total returns for all years shown. Performance figures may reflect fee waivers and/or expense reimbursements. In the absence of fee waivers<br />
and/or expense reimbursements, the total return would be lower. Past performance is no guarantee of future results. Total returns may reflect<br />
adjustments to conform to generally accepted accounting principles.<br />
(b) Does not include expenses of the underlying portfolio in which the Portfolio invests.<br />
Government Income Portfolio<br />
Year Ended December 31,<br />
2008 2007 2006 2005 2004<br />
Per Share Operating Performance:<br />
Net Asset Value, beginning of year .................................... $ 11.38 $ 11.26 $ 11.40 $ 11.65 $11.92<br />
Income From Investment Operations:<br />
Net investment income .............................................. .45 .53 .54 .49 .49<br />
Net realized and unrealized gain (loss) on investments .................... .03 .10 (.13) (.20) (.13)<br />
Total from investment operations .................................. .48 .63 .41 .29 .36<br />
Less Dividends and Distributions:<br />
Dividends from net investment income ................................. — — — (.54) (.44)<br />
Distributions from net realized gains ................................... — — — — (.19)<br />
Distributions ....................................................... (.46) (.51) (.55) — —<br />
Total dividends and distributions .................................. (.46) (.51) (.55) (.54) (.63)<br />
Net Asset Value, end of year ......................................... $ 11.40 $ 11.38 $ 11.26 $ 11.40 $11.65<br />
Total Return(a) .................................................... 4.30% 5.70% 3.74% 2.51% 3.12%<br />
Ratios/Supplemental Data:<br />
Net assets, end of year (in millions) .................................... $ 370.5 $ 340.3 $ 354.3 $ 378.2 $420.2<br />
Ratios to average net assets(b):<br />
Expenses ....................................................... .52%(c) .52% .50% .47% .47%<br />
Net investment income ............................................ 3.98%(c) 4.62% 4.75% 4.16% 4.07%<br />
Portfolio turnover rate ............................................... 2707% 2377% 734% 507% 617%<br />
(a) 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<br />
reinvestment of dividends and distributions and does not reflect the effect of insurance contract charges. Total return does not reflect expenses<br />
associated with the separate account such as administrative fees, account charges and surrender charges which, if reflected, would reduce the<br />
total returns for all years shown. Performance figures may reflect fee waivers and/or expense reimbursements. In the absence of fee waivers<br />
and/or expense reimbursements, the total return would be lower. Past performance is no guarantee of future results. Total returns may reflect<br />
adjustments to conform to generally accepted accounting principles.<br />
(b) Does not include expenses of the underlying portfolios in which the Portfolio invests.<br />
(c) Includes interest expense of 0.03%.<br />
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