The Prudential Series Fund
The Prudential Series Fund
The Prudential Series Fund
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
High Yield Bond Portfolio<br />
Year Ended December 31,<br />
2008 2007 2006 2005 2004<br />
Per Share Operating Performance:<br />
Net Asset Value, beginning of year .................................... $ 5.09 $ 5.33 $ 5.23 $ 5.42 $ 5.29<br />
Income (Loss) From Investment Operations:<br />
Net investment income .............................................. .41 .40 .39 .38 .39<br />
Net realized and unrealized gain (loss) on investments .................... (1.48) (.26) .13 (.20) .13<br />
Total from investment operations .................................. (1.07) .14 .52 .18 .52<br />
Less Dividends and Distributions:<br />
Dividends from net investment income ................................. — — — (.37) (.39)<br />
Distributions ....................................................... (.41) (.38) (.42) — —<br />
Total dividends and distributions .................................. (.41) (.38) (.42) (.37) (.39)<br />
Net Asset Value, end of year ......................................... $ 3.61 $ 5.09 $ 5.33 $ 5.23 $ 5.42<br />
Total Return(a): ................................................... (22.28)% 2.62% 10.25% 3.41% 10.30%<br />
Ratios/Supplemental Data:<br />
Net assets, end of year (in millions) .................................... $1,239.9 $1,674.0 $1,721.1 $1,635.7 $1,595.7<br />
Ratios to average net assets(b):<br />
Expenses ....................................................... .58% .58% .58% .58% .59%<br />
Net investment income ............................................ 8.78% 7.49% 7.39% 7.14% 7.42%<br />
Portfolio turnover rate ............................................... 61% 58% 49% 56% 65%<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 />
Jennison Portfolio<br />
Class I<br />
Year Ended December 31,<br />
2008(c) 2007 2006(c) 2005(c) 2004<br />
Per Share Operating Performance:<br />
Net Asset Value, beginning of year .................................... $ 23.53 $ 21.07 $ 20.76 $ 18.14 $ 16.62<br />
Income (Loss) From Investment Operations:<br />
Net investment income .............................................. .10 .10 .06 .02 .08<br />
Net realized and unrealized gain (loss) on investments .................... (8.84) 2.43 .31 2.62 1.52<br />
Total from investment operations .................................. (8.74) 2.53 .37 2.64 1.60<br />
Less Dividends and Distributions:<br />
Dividends from net investment income ................................. — — — (.02) (.08)<br />
Distributions ....................................................... (.10) (.07) (.06) — —<br />
Total dividends and distributions .................................. (.10) (.07) (.06) (.02) (.08)<br />
Net Asset Value, end of year ......................................... $ 14.69 $ 23.53 $ 21.07 $ 20.76 $ 18.14<br />
Total Return(a) .................................................... (37.28)% 12.00% 1.79% 14.55% 9.63%<br />
Ratios/Supplemental Data:<br />
Net assets, end of year (in millions) .................................... $1,148.0 $2,100.5 $2,077.3 $2,297.0 $2,044.1<br />
Ratios to average net assets(b):<br />
Expenses ....................................................... .63% .62% .63% .63% .64%<br />
Net investment income ............................................ .52% .42% .29% .10% .50%<br />
Portfolio turnover rate ............................................... 74% 69% 67% 57% 74%<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 />
(c) Calculated based upon average shares outstanding during the year.<br />
74