Investment Fact Sheets

Transcription

1 Investment Fact Sheets Please read all of the documents contained in this booklet (Click on a fund in the Table of Contents to be directed to that fund s specific fact sheet) TABLE OF CONTENTS PAGE PruSecure (nonnew York) 2 PruSecure (New York version) 3 MoneyMart Assets Series A 4 Target Total Return Bond R 5 Dryden Government Income R 6 Dryden HighYield R 7 Target Large Cap Growth R 8 Jennison Growth R 9 Dryden Stock Index A 10 Jennison 20/20 Focus R 11 Target Large Cap Value R 12 Jennison Value R 13 Jennison Mid Cap Growth R 14 Target Small Cap Growth R 15 Jennison Small Company R 16 Target Small Cap Value R 17 Target International Equity R 18 Jennison Natural Resources R 19 Jennison Utility R 20 User s Guide 21

2 PruSecure Account Fact Sheet ISSUER: The Prudential Insurance Company of America INVESTMENT ADVISER: Prudential Investment Management, Inc. Stable Value $5,800 Million INCEPTION DATE: Jan This may be suitable for investors who seek: Preservation of capital plus attractive intermediateterm returns. Liquidity and income. U.S. Treasury Rates 5.5% 5.0% 4.5% 4.0% Public Corporate Bonds 35% Mortgage Loans* 21% Private Securities 22% Government Bonds 2% Public Structured Bonds 16% Cash and Other 3% Average Quality A Average Duration 3.1 * may include commercial, residential or agriculture loans. Public Structured Bonds includes Mortgage Backed Securities and any debt that was used to purchase these securities. 3.5% Jul Aug Sep Oct Nov Dec Jan Year Feb Mar Apr May Jun OBJECTIVE AND STRUCTURE The PruSecure Account (the ) is a stable value product designed to provide safety of principal, liquidity and a stable rate of return. THE FUND OFFERS Predictability of returns Guaranteed protection of principal and credited interest from market volatility Improved earnings power versus shortterm or money market investments FEATURES AND PROVISIONS Principal and interest are fully guaranteed by The Prudential Insurance Company of America. The guaranteed interest crediting rate is announced in advance and is guaranteed for a six month period. Past crediting rates are not indicative of future rates. Pooled general account stable value product providing attractive crediting rates. Guaranteed interest rates are based on many factors, including current economic and market conditions, the general interest rate environment and both the expected and actual performance of the portfolio. The invests in a diversified portfolio of fixed income instruments (primarily private placement bonds, intermediateterm bonds and commercial mortgages) within The Prudential Insurance Company of America s general account. Any withdrawals made from the PruSecure Account within one (1) year from the initial contribution date will be subject to a 1% contingent deferred sales charge on the amounts withdrawn. Amounts withdrawn may also be subject to a Market Value Adjustment if portfolio withdrawal thresholds are met or exceeded. Interest is credited daily. CREDITING RATE*: 4.25% * Effective 7/1/07; for the period 7/1/07 12/31/07. The PruSecure crediting rate is guaranteed by The Prudential Insurance Company of America which enjoys the following ratings: Rating Agency Rating Description Moody s Aa3 Excellent Standard & Poor s AA Very Strong A.M. Best A+ Superior Fitch AA Very Strong Claimspaying ratings represent the opinions of rating agencies regarding the financial ability of an insurance company to meet its obligations under its insurance policies. According to Standard & Poor s publications, an insurer rated AA has very strong financial security characteristics, differing only slightly from those rated higher. An insurer rated AAA has extremely strong financial security characteristics. AAA is the highest Insurer Financial Strength Rating assigned by Standard & Poor s. Moody s indicates that Aa3 rated insurance companies offer excellent financial security. Insurance companies rated Aaa offer exceptional financial security. In addition, Moody s appends numerical modifiers 1, 2, 3 to each generic rating classification, with 1 being the highest and 3 being the lowest. While the credit policy of these companies is likely to change, such changes as can be visualized are most unlikely to impair their fundamentally strong position. Aaa is the highest Insurer Financial Strength Rating assigned by Moody s. Fitch indicates that AA companies are viewed as possessing very strong capacity to meet policyholder and contract obligations. Risk factors are modest, and the impact on any adverse business and economic factors is expected to be very small. According to Fitch, AAA is Exceptionally Strong. Insurers assigned this highest rating are viewed as possessing an exceptionally strong capacity to meet policyholder and contract obligations. For such companies, risk factors are minimal and the impact on any adverse business and economic factors is expected to be extremely small. AAA is the highest rating issued by Fitch. A.M. Best considers A+ rated companies to have a superior ability to meet their ongoing obligations to policyholders. An A++ rating is assigned to companies that have, in their opinion, a superior ability to meet their ongoing obligations to policyholders. A++ is the highest rating issued by A.M. Best. Rating information current as of January 26, For current information on other Prudential Financial operating insurance companies, please visit the Investor Relations website at The PruSecure Account is a group annuity product issued by The Prudential Insurance Company of America, Newark, NJ and is backed by the full faith and creditworthiness of the issuer. Deposits made to the product are deposited in the issuer s general account. Principal and interest are fully guaranteed by the issuer. The Prudential Insurance Company of America and Prudential Investment Management, Inc. (PIM) are Prudential Financial companies. PIM is a registered investment advisor. Prudential Financial is a registered service mark of The Prudential Insurance Company of America, Newark, NJ and its affiliates. INST A

3 PruSecure Account Fact Sheet New York Version ISSUER: The Prudential Insurance Company of America INVESTMENT ADVISER: Prudential Investment Management, Inc. Stable Value $5,800 Million INCEPTION DATE: Jan This may be suitable for investors who seek: Preservation of capital plus attractive intermediateterm returns. Liquidity and income. U.S. Treasury Rates 5.5% 5.0% 4.5% 4.0% Public Corporate Bonds 35% Mortgage Loans* 21% Private Securities 22% Government Bonds 2% Public Structured Bonds 16% Cash and Other 3% Average Quality A Average Duration 3.1 * may include commercial, residential or agriculture loans. Public Structured Bonds includes Mortgage Backed Securities and any debt that was used to purchase these securities. 3.5% Jul Aug Sep Oct Nov Dec Jan Year Feb Mar Apr May Jun OBJECTIVE AND STRUCTURE The PruSecure Account (the ) is a stable value product designed to provide safety of principal, liquidity and a stable rate of return. THE FUND OFFERS Predictability of returns Guaranteed protection of principal and credited interest from market volatility Improved earnings power versus shortterm or money market investments FEATURES AND PROVISIONS Principal and interest are fully guaranteed by The Prudential Insurance Company of America. The guaranteed interest crediting rate is announced in advance and is guaranteed for a six month period. Past crediting rates are not indicative of future rates. Pooled general account stable value product providing attractive crediting rates. Guaranteed interest rates are based on many factors, including current economic and market conditions, the general interest rate environment and both the expected and actual performance of the portfolio. The invests in a diversified portfolio of fixed income instruments (primarily private placement bonds, intermediateterm bonds and commercial mortgages) within The Prudential Insurance Company of America s general account. Amounts withdrawn may be subject to a Market Value Adjustment if individual account withdrawal thresholds are met or exceeded. Interest is credited daily. CREDITING RATE*: 4.25% * Effective 7/1/07; for the period 7/1/07 12/31/07. The PruSecure crediting rate is guaranteed by The Prudential Insurance Company of America which enjoys the following ratings: Rating Agency Rating Description Moody s Aa3 Excellent Standard & Poor s AA Very Strong A.M. Best A+ Superior Fitch AA Very Strong Claimspaying ratings represent the opinions of rating agencies regarding the financial ability of an insurance company to meet its obligations under its insurance policies. According to Standard & Poor s publications, an insurer rated AA has very strong financial security characteristics, differing only slightly from those rated higher. An insurer rated AAA has extremely strong financial security characteristics. AAA is the highest Insurer Financial Strength Rating assigned by Standard & Poor s. Moody s indicates that Aa3 rated insurance companies offer excellent financial security. Insurance companies rated Aaa offer exceptional financial security. In addition, Moody s appends numerical modifiers 1, 2, 3 to each generic rating classification, with 1 being the highest and 3 being the lowest. While the credit policy of these companies is likely to change, such changes as can be visualized are most unlikely to impair their fundamentally strong position. Aaa is the highest Insurer Financial Strength Rating assigned by Moody s. Fitch indicates that AA companies are viewed as possessing very strong capacity to meet policyholder and contract obligations. Risk factors are modest, and the impact on any adverse business and economic factors is expected to be very small. According to Fitch, AAA is Exceptionally Strong. Insurers assigned this highest rating are viewed as possessing an exceptionally strong capacity to meet policyholder and contract obligations. For such companies, risk factors are minimal and the impact on any adverse business and economic factors is expected to be extremely small. AAA is the highest rating issued by Fitch. A.M. Best considers A+ rated companies to have a superior ability to meet their ongoing obligations to policyholders. An A++ rating is assigned to companies that have, in their opinion, a superior ability to meet their ongoing obligations to policyholders. A++ is the highest rating issued by A.M. Best. Rating information current as of January 26, For current information on other Prudential Financial operating insurance companies, please visit the Investor Relations website at The PruSecure Account is a group annuity product issued by The Prudential Insurance Company of America, Newark, NJ and is backed by the full faith and creditworthiness of the issuer. Deposits made to the product are deposited in the issuer s general account. Principal and interest are fully guaranteed by the issuer. The Prudential Insurance Company of America and Prudential Investment Management, Inc. (PIM) are Prudential Financial companies. PIM is a registered investment advisor. Prudential Financial is a registered service mark of The Prudential Insurance Company of America, Newark, NJ and its affiliates. INST A /New York ed.

4 MoneyMart Assets Series A Fact Sheet Typical Risk / Reward Relationships INVESTMENT OBJECTIVE Maximum current income consistent with stability of capital and maintenance of liquidity. Potentially Higher Reward STABLE VALUE BONDS STOCKS PRIMARY INVESTMENTS A diversified portfolio of shortterm debt obligations issued or guaranteed by the U.S. Government or its agencies or instrumentalities. Obligations include, but are not limited to, obligations issues by the U.S. Government, its agencies and instrumentalities, commercial paper, assetbacked securities, funding agreements, variable rate demand notes, bills notes, and other obligations issued by banks, corporations and other companies (including trust structures), obligations issued by foreign banks, companies or foreign governments, and municipal notes. Potentially Lower Reward MONEY MARKET INVESTMENT ADVISOR Prudential Investment Management, Inc. (PIM) is the s investment adviser. Joseph Tully has primary responsibility for overseeing the daytoday management of the fund. Potentially Lower Risk Potentially Higher Risk The typical risk/reward relationships illustrated here are based solely on the characteristics of the general investment categories of the investment options and not on actual security holdings, which can change frequently. Risks (potential for loss of principal value) associated with the investment options can vary significantly within each particular investment category and the relative risks of the categories may change under certain economic conditions. For a more complete discussion of risks associated with the mutual fund options, please read the prospectus carefully before making your investment decision. The typical relationships shown do not represent actual or implied performance. Based on the investment objective of this, its risk/reward potential is indicated in the illustration. HOW THE FUND IS INVESTED The invests in highquality money market instruments to try to provide investors with current income while maintaining a stable net asset value of $1 per share. We manage the to comply with specific rules designed for money market mutual funds. This means that we manage the 's portfolio to comply with the requirements of the Investment Company Act of 1940, as amended (the 1940 Act) Rule 2a7. As such, we will not acquire any security with a remaining maturity exceeding thirteen months, and we will maintain a dollarweighted average portfolio maturity of 90 days or less. In addition, we will comply with the diversification, quality and other requirements of Rule 2a7. This means, generally, that the instruments we purchase present "minimal credit risk" and are of "eligible quality." "Eligible quality" for this purpose means a security: (a) rated in one of the two highest shortterm rating categories by at least two nationally recognized statistical rating organizations (NRSROs) or, if only one NRSRO has rated the security, so rated by that NRSRO; (b) rated in one of the three highest longterm rating categories by at least two NRSROs or, if only one NRSRO has rated the security, so rated by that NRSRO; or (c) if unrated, of comparable quality as determined by the 's investment adviser. All securities that we purchase will be denominated in U.S. dollars but may be issued by a foreign issuer. An investment in a money market fund is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the. The yield quotation more closely reflects the current earnings of the Portfolio than the total return quotation. Performance* (%) AVERAGE ANNUAL TOTAL RETURNS 1 Year 3 Year 5 Year 10 Year MoneyMart Assets Series A 4.86% 3.31% 2.28% 2.72% The 7Day Current yield as of 6/30/2007 is 4.90% Citigroup 3 Mo. TBill Index 5.06% 3.68% 2.67% 3.66% s Date: 06/01/1976 *Fees that Prudential Retirement and its affiliates receive in connection with investments in this fund include a 12b1 fee of (0.125%), after waiver, and an annual subaccounting and/or servicing fee of (0.13%). Performance was provided by Prudential Investment Management Services (PIMS). The performance quoted represents past performance. The investment return and principal value will fluctuate so that an investor s shares, when redeemed, may be worth more or less than original cost. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month end, please call or visit our website. Performance results reflect the reinvestment of all income earned in the Account. Results are stated prior to the deduction of any investment advisory fees, and, if reflected, would reduce the performance quoted. Investors should carefully consider a fund s investment objectives, risks, charges and expenses before investing. For more complete information about the investment options available through your accouunt, please call for a free prospectus that contains this and other information about our funds. Read the prospectus carefully before investing. Citigroup 3 Month TBill Index is an index whereby equal dollar amounts of three month Treasury Bills are purchased at the beginning of each of three consecutive months. As each bill matures, all proceeds are rolled over or reinvested in a new three month bill. The income used to calculate the monthly return is derived by subtracting the original amount invested from the maturity value. The Index performance reflects reinvestment of earnings, but has not been reduced to reflect the costs associated with investment management / advisory fees and transaction costs. Investors cannot invest directly in an index. These performance results represent the change in net asset value of an investment over a stated period, assuming the reinvestment of dividends and capital gains distributions. Shares of this fund are offered by Prudential Investment Management Services LLC (PIMS), Three Gateway Center, Newark, NJ PIMS is a Prudential Financial company. Prudential Financial is a service mark of The Prudential Insurance Company of America, Newark NJ and its affiliates. INST A PBMXX /Ed 6/30/2007

5 Target Total Return Bond R SubAdvised by Pacific Investment Management Company (PIMCO) Fact Sheet INVESTMENT ADVISOR: Prudential Investments LLC IntermediateTerm Bond LB 510 Yr Govt/Credit $12 Million INCEPTION DATE: 1/5/1993 TTBRX GROSS EXPENSE RATIO: 1.43% PORTFOLIO MANAGER: Chris P. Dialynas Morningstar Style Box TM The investment seeks current income and capital appreciation. The fund invests at least 80% of assets in "investment grade" debt obligations issued or guaranteed by the U.S. Government and its agencies, or issued by U.S. companies, foreign companies and foreign governments and their agencies and unrated debt obligations that we believe are comparable in quality. It invests up to 30% of total assets in foreign currencydenominated debt obligations. There is no assurance that the objectives of the will be met. Shares of this fund are not issued or guaranteed by the U.S. Government. The guarantee on U.S. Government securities applies only to the underlying securities of the s portfolio and not to the value of the fund s shares. Uk 90day (Fut) % Euribor (Fut) % US Treasury (Fut) % Gbp 90 Day(Fut) % Euro (Fut) % Quality Distribution Cash (%of FI assets) % Mtg Passthru % US Treasury % US Corporate % AssetBacked % Effective Duration NA NA Average Maturity NA NA Average Quality NA NA Average Coupon 3.46% NA 2 Target Total Return Bond $19,712 _ % 1.83% 3.95% 8.03% 8.53% 7.50% 9.83% 5.78% 2.12% 5.12% 8.27% 8.20% 12.86% 8.76% 12b1 fee of (0.50%), after waiver, and an annual subaccounting and/or servicing fee of (0.13%). The expense ratio after the waiver is 1.18%. The Distributor has contractually agreed to this waiver through April 28, expenses. Class R shares were introduced on August 21, ; results prior to that date are hypothetical, based on Class T share returns at net asset value adjusted for additional distribution and service (12b1) fees of 0.75% annually. Hypothetical Class R share returns would be greater with the waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class T shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. For performance information current to the most recent month end, please call or visit our website account, please call for a free prospectus that contains this and other information about our funds PIMS is a Prudential Financial company. INST A023571

6 Dryden Government Income R Fact Sheet INVESTMENT ADVISOR: Prudential Investments LLC Intermediate Government Lehman Brothers Government Bond $0.3 Million INCEPTION DATE: 5/17/ JDRVX GROSS EXPENSE RATIO: 1.49% PORTFOLIO MANAGERS: Peter Cordrey Robert Tipp, CFA Richard Piccirillo Morningstar Style Box TM The vertical axis represents the 's average credit quality as measured by Standard & Poor's rating service. High >= AA Medium <AA and >=BBB Low <BBB The horizontal axis represents the 's sensitivity to interest rates as measured by the average effective duration: Short <=3.5 Yrs Medium > 3.5 Yrs and <=6 Yrs Long > 6 Yrs Dryden Government Income $16,409 The investment seeks current income. The fund invests at least 80% of assets in U.S. government securities, including U.S. treasury bills, notes, bonds, strips and other debt securities issued by the U.S. treasury, and obligations, including mortgagerelated securities, issued or guaranteed by U.S. government agencies or instrumentalities. It nomally invests up to 20% of assets in money market instruments, including commercial paper of U.S. companies, shortterm obligations of banks, certificates of deposit, and banker's acceptances. The fund may invest in foreign bank debt. There is no assurance that the objectives of the will be met. Shares of this fund are not issued or guaranteed by the U.S. Government. The guarantee on U.S. Government securities applies only to the underlying securities of the s portfolio and not to the value of the fund s shares. Dryden Core Short Corp Bond % US Treasury Note 4.625% % FNMA 5.3% % FNCL 6% % FGLMC 5.5% % Mtg Passthru % US Agency % Mortgage CMO % US Treasury % Cash (%of FI assets) % Quality Distribution AAA 99.65% AA 0.21% A 0.14% Effective Duration 4.14 Yrs NA Average Maturity NA NA Average Quality AAA NA Average Coupon 4.76% NA _ b1 fee of (0.50%), after waiver, and an annual subaccounting and/or servicing fee of (0.13%). The expense ratio after the waiver is 1.24%. The Distributor has contractually agreed to this waiver through February 28, Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. 2.91% 1.80% 2.49% 1.44% 9.60% 7.14% 10.98% 3.48% 2.65% 3.48% 2.36% 11.50% 7.23% 13.24% For performance information current to the most recent month end, please call or visit our website expenses. Class R shares were introduced on May 17, ; results prior to that date are hypothetical, based on Class A share returns at net asset value adjusted for additional distribution and service (12b1) fees of 0.75% annually. Hypothetical waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class A shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. account, please call for a free prospectus that contains this and other information about our funds PIMS is a Prudential Financial company. INST A021218

7 Dryden HighYield R INVESTMENT ADVISOR: Prudential Investments LLC High Yield Bond Credit Suisse High Yield $0.8 Million INCEPTION DATE: 6/3/ JDYRX GROSS EXPENSE RATIO: 1.36% PORTFOLIO MANAGERS: Michael J. Collins, CFA Paul Appleby, CFA Richard Burns, CFA Stephen Haeckel Terrence Wheat, CFA Morningstar Style Box TM The vertical axis represents the 's average credit quality as measured by Standard & Poor's rating service. High >= AA Medium <AA and >=BBB Low <BBB The horizontal axis represents the 's sensitivity to interest rates as measured by the average effective duration: Short <=3.5 Yrs Medium > 3.5 Yrs and <=6 Yrs Long > 6 Yrs Dryden HighYield $17, % 2.54% 9.37% 25.34% 2.23% 0.26% 7.35 % 11.92% 2.26% 11.96% 27.93% 3.11% 5.78% 5.21% Fact Sheet The investment seeks to maximize current income; capital appreciation is a secondary consideration. The fund normally invests at least 80% of assets in a diversified portfolio of highyield fixedincome securities rated Ba or lower by Moody's, or BB or lower by Standard & Poor's. It may invest in U.S. dollardenominated foreigndebt securities and in foreigncurrencydenominated debt securities. There is no assurance that the objectives of the will be met. High yield "junk" bonds involve a greater risk of default of payment of principal and interest than higherrated bonds. Also, these bonds tend to be less liquid than higherrated securities. Therefore, an investment in the may not be appropriate for shortterm investing. Dryden Core Short Corp Bond % Ford Motor Credit 7.875% % General Mtrs 7.2% % Freescale Semicon 144A 9.125% % Accellent 10.5% % US Corporate % Foreign Corp % Cash (%of FI assets) % AssetBacked % Foreign Govt % Quality Distribution B 49.61% BB 30% Below B 16.89% BBB 2.12% Not Rated 1.38% Effective Duration 3.31 Yrs NA Average Maturity NA NA Average Quality B NA Average Coupon 8.18% NA To see a full disclosure of all risks that pertain to this fund, please refer to the prospectus. _ b1 fee of (0.50%), after waiver, and an annual subaccounting and/or servicing fee of (0.13%). The expense ratio after the waiver is 1.11%. The Distributor has contractually agreed to this waiver through February 28, Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month end, please call or visit our website expenses. Class R shares were introduced on June 3, ; results prior to that date are hypothetical, based on Class A share returns at net asset value adjusted for additional distribution and service (12b1) fees of 0.75% annually. The Portfolio's Distributor has contractually agreed to waive 0.25% annually of the Class R 12b1 fee through August 31, Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. account, please call for a free prospectus that contains this and other information about our funds PIMS is a Prudential Financial company. INST A021220

8 Target Large Cap Growth R CoInvestment Advisors: Marsico Capital, and Goldman Sachs Asset Management Fact Sheet Large Growth Russell 1000 Growth $16.4 Million INCEPTION DATE: 1/5/1993 TLCRX Other GROSS EXPENSE RATIO: 1.50% PORTFOLIO MANAGERS: Thomas F. Marsico Robert C. Jones, CFA Melissa Brown, CFA Morningstar Style Box TM 50, , , Target Large Capitalization Growth $25, % 5.95% 3.00% 38.49% 32.21% 30.84% 4.09% 9.07% 5.26% 6.30% 29.75% 27.88% 20.42% 22.42% The investment seeks longterm capital appreciation. The fund normally invests at least 80% of total assets in common stocks of companies with a total market capitalization of $5 billion or more (measured at the time of purchase). It looks to invest in those securities that will experience earnings growth at a rate faster than that of the S&P 500 index. There is no assurance that the objectives of the will be met. UnitedHealth Group, Inc % Cisco Systems, Inc % Genentech, Inc % MGM Mirage, Inc % Comcast Corporation A % Healthcare % Consumer Services % Financial Services % Industrial Materials % Business Services % US Stocks 92.04% NonUS Stocks 6.63% Cash 1.04% Other 0.28% Weighted Geometric Market Cap. $37.25 $32.99 Price/Earnings Ratio (Forward) 17.59x 18.13x Price/Book Ratio 2.92x 3.94x Dividend Yield NA NA 3Year Earnings Growth Rate 24.97% 26.68% b1 fee of (0.50%), after waiver, and an annual subaccounting and/or servicing fee of (0.13%). The expense ratio after the waiver is 1.25%. The Distributor has contractually agreed to this waiver through April 28, expenses. Class R shares were introduced on August 21, ; results prior to that date are hypothetical, based on Class T share returns at net asset value adjusted for additional distribution and service (12b1) fees of 0.75% annually. Hypothetical Class R share returns would be greater with the waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class T shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. For performance information current to the most recent month end, please call or visit our website account, please call for a free prospectus that contains this and other information about our funds PIMS is a Prudential Financial company. INST A021230

9 Jennison Growth R Large Growth Russell 1000 Growth $2.5 Million INCEPTION DATE: 12/17/ PJGRX Retirement GROSS EXPENSE RATIO: 1.54% PORTFOLIO MANAGERS: Spiros Segalas Kathleen A. McCarragher Michael A. Del Balso Morningstar Style Box TM Fact Sheet The investment seeks longterm growth of capital. The fund normally invests at least 65% of assets in equity related securities of medium to large capitalization companies that exceed $1 billion in market capitalization. It may invest in common stocks, nonconvertible securities, ADRs, REITs, warrants and rights that can be exercised to obtain stock. The fund may invest up to 20% of assets in foreign equity securities. It may also invest in mortgagebacked securities, money market instruments, options and make short sales of a security. There is no assurance that the objectives of the will be met. Google, Inc % Gilead Sciences, Inc % Adobe Systems Inc % Walt Disney Company % Qualcomm, Inc % US Stocks 87.87% NonUS Stocks 11.54% Cash 0.59% Healthcare % Hardware % Consumer Services % Financial Services % Consumer Goods % Weighted Geometric Market Cap. $54.73 $32.99 Price/Earnings Ratio (Forward) 20.52x 18.13x Price/Book Ratio 3.89x 3.94x Dividend Yield 0.00% NA 3Year Earnings Growth Rate 29.33% 26.68% 3 30, Jennison Growth $20, % 13.60% 8.32% 29.24% 31.50% 18.96% 18.34% Index 9.07% 5.26% 6.30% 29.75% 27.88% 20.42% 22.42% b1 fee of (0.50%), after waiver, and an annual subaccounting and/or servicing fee of (0.13%). The expense ratio after the waiver is 1.29%. The Distributor has contractually agreed to this waiver through February 28, Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month end, please call or visit our website expenses. Class R shares were introduced on December 17, ; results prior to that date are hypothetical, based on Class A share returns at net asset value adjusted for additional distribution and service (12b1) fees of 0.75% annually. Hypothetical waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class A shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. account, please call for a free prospectus that contains this and other information about our funds PIMS is a Prudential Financial company. INST A021225

10 Dryden Stock Index A Large Blend Russell 1000 $106.4 Million INCEPTION DATE: 11/18/1999 PSIAX A GROSS EXPENSE RATIO: 0.72% PORTFOLIO MANAGERS: John Moschberger, CFA Wai C. Chiang Richard L. Crist Morningstar Style Box TM Dryden Stock Index A $11, % 4.28% 10.22% 27.93% 22.52% 12.39% 9.10% 15.46% 6.27% 11.40% 29.89% 21.65% 12.45% 7.79% Fact Sheet The investment seeks to mirror the returns of the S&P 500 Index. The fund normally invests at least 80% of assets in securities included in the S&P 500 Index according to each security's weighting in the index. Management attempts to achieve a performance correlation with the S&P 500 of 0.95 irrespective of expenses. The fund may invest in derivatives. There is no assurance the objectives of the will be met. ExxonMobil Corporation % General Electric Company % S&P 500 Index (Fut) % Citigroup, Inc % AT&T, Inc % Financial Services % Industrial Materials % Healthcare % Energy % Hardware % US Stocks 94.95% Other 2.56% Cash 2.49% Weighted Geometric Market Cap. $53.03 $40.10 Price/Earnings Ratio (Forward) 15.11x 15.4x Price/Book Ratio 2.36x 2.68x Dividend Yield 1.47% NA 3Year Earnings Growth Rate 21.74% 22.94% b1 fee of (0.25%), after waiver, and an annual subaccounting and/or servicing fee of (0.13%). The expense ratio after the waiver is 0.65%. The Distributor has contractually agreed to this waiver through February 28, so that an investor's shares, when redeemed, may be worth more or less than original cost. For performance information current to the most recent month end, please call or visit our website at These performance results represent the change in net asset value of an investment over a stated period, assuming the reinvestment of dividends and capital gains distributions. The performance results shown do not reflect the deduction of the sales charge that may apply if the shares were purchased outside of the plans or other programs. This waiver applies because the source of this money is from a retirement plan record kept by Prudential Retirement. If a sales charge were reflected, performance would be lower. This is the performance that best reflects your investment experience, as sales charges do not apply to your plan. account, please call for a free prospectus that contains this and other information about our funds PIMS is a Prudential Financial company. INST A021227

11 Jennison 20/20 Focus R Large Blend Russell 1000 $5.4 Million INCEPTION DATE: 6/14/ JTWRX Retirement GROSS EXPENSE RATIO: 1.68% PORTFOLIO MANAGERS: Spiros Segalas David A. Kiefer, CFA Morningstar Style Box TM Jennison 20/20 Focus $18, % 21.33% 16.17% 28.15% 22.95% 2.59% 8.68% 15.46% 6.27% 11.40% 29.89% 21.65% 12.45% 7.79% Fact Sheet The investment seeks longterm growth of capital. The fund normally invests at least 80% of assets in up to 40 equityrelated securities of U.S. companies with strong capital appreciation potential. The holding consists of up to 20 growth and 20 value stocks. It may invest in common stocks, nonconvertible preferred stocks and convertible securities. The fund participates in the IPO market. It may actively and frequently trade its portfolio securities. The fund is nondiversified. There is no assurance that the objectives of the will be met. American International Group % Suncor Energy, Inc % Waste Management, Inc % NRG Energy, Inc % Cadbury Schweppes PLC ADR % Consumer Services % Industrial Materials % Hardware % Financial Services % Consumer Goods % US Stocks 88.31% NonUS Stocks 8.77% Cash 2.92% Weighted Geometric Market Cap. $35.20 $40.10 Price/Earnings Ratio (Forward) 17.94x 15.4x Price/Book Ratio 2.09x 2.68x Dividend Yield 0.14% NA 3Year Earnings Growth Rate 30.23% 22.94% N/A 12b1 fee of (0.50%), after waiver, and an annual subaccounting and/or servicing fee of (0.13%). The expense ratio after the waiver is 1.43%. The Distributor has contractually agreed to this waiver through February 28, Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month end, please call or visit our website expenses. Class R shares were introduced on June 14, ; results prior to that date are hypothetical, based on Class A share returns at net asset value adjusted for additional distribution and service (12b1) fees of 0.75% annually. Hypothetical waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class A shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. account, please call for a free prospectus that contains this and other information about our funds PIMS is a Prudential Financial company. INST A021222

12 Target Large Cap Value R CoInvestment Advisors: Hotchkis & Wiley Capital Management, JP Morgan Asset Management, and NFJ Investment Group Fact Sheet Large Value Russell 1000 Value $16.8 Million INCEPTION DATE: 1/5/1993 TLVRX Other GROSS EXPENSE RATIO: 1.47% PORTFOLIO MANAGERS: Christopher Najork, CFA Ben Fischer Paul A. Magnuson Sheldon J. Lieberman Patricia McKenna, CFA The investment seeks total return consisting of capital appreciation and dividend income. The fund normally invests at least 80% of total assets in common stocks and convertibles of large companies with market capitalizations like those in the Russell 1000 index. There is no assurance that the objectives of the will be met. Bank of America Corp % Citigroup, Inc % ExxonMobil % AT&T, Inc % Verizon Communications % Stocks 89.5% Cash 7.8% Other 2.7% Morningstar Style Box TM 3 30, Target Large Capitalization Value $29, % 5.70% 17.98% 35.35% 14.22% 0.46% 7.41% Index 22.25% 7.05% 16.49% 30.03% 15.52% 5.59% 7.01% Service % Manufacturing % Financial Services % Industrial Materials % Information % Index b1 fee of (0.50%), after waiver, and an annual subaccounting and/or servicing fee of (0.13%). The expense ratio after the waiver is 1.22%. The Distributor has contractually agreed to this waiver through April 28, expenses. Class R shares were introduced on August 21, ; results prior to that date are hypothetical, based on Class T share returns at net asset value adjusted for additional distribution and service (12b1) fees of 0.75% annually. Hypothetical Class R share returns would be greater with the waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class T shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. For performance information current to the most recent month end, please call or visit our website account, please call for a free prospectus that contains this and other information about our funds PIMS is a Prudential Financial company. INST A021231

13 Jennison Value R Large Value Russell 1000 Value $1.2 Million INCEPTION DATE: 6/3/ JDVRX Retirement GROSS EXPENSE RATIO: 1.48% PORTFOLIO MANAGERS: David A. Kiefer, CFA Avi Z. Berg Morningstar Style Box TM 3 30, Fact Sheet The investment seeks capital appreciation. The fund normally invests at least 65% of assets in common stock and convertible securities of large capitalization companies. It may invest up to 25% of assets in REITs and up to 10% of assets in ETFs. The fund may also invest in foreign securities, money market instruments, options, foreign currency, forward contracts and may make short sales of a security. There is no assurance that the objectives of the will be met. Dryden Core Short Corp Bond % Ford Motor Credit 7.875% % General Mtrs 7.2% % Freescale Semicon 144A 9.125% % Accellent 10.5% % US Corporate % Foreign Corp % Cash (%of FI assets) % AssetBacked % Foreign Govt % Quality Distribution B 49.61% BB 30% Below B 16.89% BBB 2.12% Not Rated 1.38% Effective Duration 3.31 Yrs NA Average Maturity NA NA Average Quality B NA Average Coupon 8.18% NA b1 fee of (0.50%), after waiver, and an annual subaccounting and/or servicing fee of (0.13%). The expense ratio after the waiver is 1.23%. The Distributor has contractually agreed to this waiver through February 28, Jennison Value $28, % 15.21% 14.90% 26.81% 22.51% 3.60% 14.22% 22.25% 7.05% 16.49% 30.03% 15.52% 5.59% 7.01% Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month end, please call or visit our website expenses. Class R shares were introduced on June 3, ; results prior to that date are hypothetical, based on Class A share returns at net asset value adjusted for additional distribution and service (12b1) fees of 0.75% annually. Hypothetical waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class A shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. account, please call for a free prospectus that contains this and other information about our funds PIMS is a Prudential Financial company. INST A021219

14 Jennison Mid Cap Growth R Formerly known as Jennison US Emerging Growth R Fact Sheet MidCap Growth Russell Midcap Growth $1 Million INCEPTION DATE: 6/3/ JDERX Retirement GROSS EXPENSE RATIO: 1.66% PORTFOLIO MANAGER: John Mullman, CFA The fund normally invests at least 80% of assets in equity and equityrelated securities of mediumsized companies with the potential for aboveaverage growth. There is no assurance the objectives of the will be met. The securities of emerging growth companies are generally subject to greater price fluctuation and investment risk than securities of more established companies. Morningstar Style Box TM NII Holdings, Inc % Eaton Vance Corporation % American Tower Corporation A % Southwestern Energy Company % Quest Diagnostics, Inc % Healthcare % Industrial Materials % Software % Business Services % Hardware % US Stocks 93.93% Cash 3.61% NonUS Stocks 2.46% Weighted Geometric Market Cap. $6.64 $7.67 Price/Earnings Ratio (Forward) 20.55x 18.59x Price/Book Ratio 2.72x 3.66x Dividend Yield 0.00% NA 3Year Earnings Growth Rate 30.09% 28.79% 40, , Jennison US Emerging Growth $27, % 16.74% 18.78% 42.47% 33.81% 20.65% 13.89% 10.66% 12.10% 15.48% 42.71% 27.41% 20.15% 11.75% b1 fee of (0.50%), after waiver, and an annual subaccounting and/or servicing fee of (0.13%). The expense ratio after the waiver is 1.41%. The Distributor has contractually agreed to this waiver through February 28, Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month end, please call or visit our website expenses. Class R shares were introduced on June 3, ; results prior to that date are hypothetical, based on Class A share returns at net asset value adjusted for additional distribution and service (12b1) fees of 0.75% annually. Hypothetical waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class A shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. account, please call for a free prospectus that contains this and other information about our funds PIMS is a Prudential Financial company. INST A021217

15 Target Small Cap Growth R CoInvestment Advisors: RS Investments, and Transamerica Investment Management LLC Fact Sheet Small Growth Russell Growth $6.7 Million INCEPTION DATE: 1/5/1993 TSCRX Other GROSS EXPENSE RATIO: 1.59% PORTFOLIO MANAGERS: Gregory Weirick, CFA Josh D Shaskan, CFA Jeffery J Hoo, CFA John J. Huber, CFA Bill Wolfenden The investment seeks capital appreciation. The fund normally invests at least 80% of assets in common stocks of companies with a total market capitalization of less than $2.5 billion. There is no assurance that the objectives of the will be met. Smaller companies may present greater opportunities for capital appreciation, but may also involve greater risks than larger companies. As a result, the value of stocks issued by smaller companies may fluctuate more than stocks of larger issuers. DrilQuip, Inc % American Medical Systems % Superior Energy Services, Inc % Valueclick, Inc % Tractor Supply % Stocks 70.8% Cash 29.2% Morningstar Style Box TM 2 Target Small Capitalization Growth $16, % 3.76% 14.17% 32.06% 33.74% 19.93% 1.07% Index 13.35% 4.15% 14.31% 48.54% 30.26% 9.23% 22.43% Service % Manufacturing % Health Care % Business Services % Financial Services % To see a full disclosure of all risks that pertain to this fund, please refer to the prospectus Index b1 fee of (0.50%), after waiver, and an annual subaccounting and/or servicing fee of (0.13%). The expense ratio after the waiver is 1.34%. The Distributor has contractually agreed to this waiver through April 28, expenses. Class R shares were introduced on August 21, ; results prior to that date are hypothetical, based on Class T share returns at net asset value adjusted for additional distribution and service (12b1) fees of 0.75% annually. Hypothetical Class R share returns would be greater with the waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class T shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. For performance information current to the most recent month end, please call or visit our website account, please call for a free prospectus that contains this and other information about our funds PIMS is a Prudential Financial company. INST A021245

16 Jennison Small Company R Fact Sheet Small Growth Russell Growth $8.7 Million INCEPTION DATE: 5/10/ JSCRX Retirement GROSS EXPENSE RATIO: 1.67% PORTFOLIO MANAGER: John Mullman, CFA Morningstar Style Box TM 3 30, Jennison Small Company $28, % 14.30% 19.04% 44.59% 25.72% 15.55% 8.87% 13.35% 4.15% 14.31% 48.54% 30.26% 9.23% 22.43% The investment seeks capital growth. The fund normally invests at least 80% of assets in equity securities of small, less wellknown undervalued U.S. companies. It may invest up to 20% of assets in equityrelated securities including nonconvertible preferred stocks and convertible securities. The fund may also invest in foreign securities, REITs, highquality money market instruments, options, foreign currency forward contracts and may make short sales of a security. There is no assurance that the objectives of the will be met. Smaller companies may present greater opportunities for capital appreciation, but may also involve greater risks than larger companies. As a result, the value of stocks issued by smaller companies may fluctuate more than stocks of larger issuers. Eaton Vance Corporation % Heartland Express, Inc % SBA Communications Corporation % GSI Commerce, Inc % Idex Corporation % Business Services % Healthcare % Industrial Materials % Financial Services % Hardware % US Stocks 94.4% Cash 4.05% NonUS Stocks 1.55% Weighted Geometric Market Cap. $1.89 $1.15 Price/Earnings Ratio (Forward) 19.34x 22.14x Price/Book Ratio 2.51x 3.41x Dividend Yield 0.00% NA 3Year Earnings Growth Rate 25.16% NA To see a full disclosure of all risks that pertain to this fund, please refer to the prospectus b1 fee of (0.50%), after waiver, and an annual subaccounting and/or servicing fee of (0.13%). The expense ratio after the waiver is 1.42%. The Distributor has contractually agreed to this waiver through February 28, Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month end, please call or visit our website expenses. Class R shares were introduced on May 10, ; results prior to that date are hypothetical, based on Class A share returns at net asset value adjusted for additional distribution and service (12b1) fees of 0.75% annually. Hypothetical waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class A shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. account, please call for a free prospectus that contains this and other information about our funds PIMS is a Prudential Financial company. INST A021221

17 Target Small Cap Value R CoInvestment Advisors: EARNEST Partners, LLC; NFJ Investment Group; JP Morgan Asset Management; Lee Munder Capital Group; and Vaughan Nelson Investment Management Fact Sheet Small Blend Russell $8.2 Million INCEPTION DATE: 1/5/1993 TSVRX Other GROSS EXPENSE RATIO: 1.55% PORTFOLIO MANAGERS: E. Clifton Hoover Jr., CFA Paul E. Viera Benno J. Fischer, CFA Paul A. Magnuson R. Todd Vingers The investment seeks aboveaverage capital appreciation. The fund normally invests at least 80% of assets in common stocks of companies with a total market capitalization of less than $2.5 billion. There is no assurance that the objectives of the will be met. Smaller companies may present greater opportunities for capital appreciation, but may also involve greater risks than larger companies. As a result, the value of stocks issued by smaller companies may fluctuate more than stocks of larger issuers. Cabot Oil & Gas Corp % PhillipsVan Heusen % ishares Russell Value % Delphi Financial Group % Westar Energy, Inc % Stocks 71.6% Cash 21.7% Morningstar Style Box TM 50, , , Target Small Capitalization Value $43, % 9.28% 23.09% 46.00% 9.17% 16.36% 22.99% Index 18.37% 4.55% 18.33% 47.25% 20.48% 2.49% 3.02% Manufacturing % Service % Industrial Materials % Financial Services % Energy % To see a full disclosure of all risks that pertain to this fund, please refer to the prospectus Index b1 fee of (0.50%), after waiver, and an annual subaccounting and/or servicing fee of (0.13%). The expense ratio after the waiver is 1.30%. The Distributor has contractually agreed to this waiver through April 28, expenses. Class R shares were introduced on August 21, ; results prior to that date are hypothetical, based on Class T share returns at net asset value adjusted for additional distribution and service (12b1) fees of 0.75% annually. Hypothetical Class R share returns would be greater with the waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class T shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. For performance information current to the most recent month end, please call or visit our website account, please call for a free prospectus that contains this and other information about our funds PIMS is a Prudential Financial company. INST A021251