·
|
Prudential Premier® Retirement Variable Annuities B, C, and L Series (for contracts issued on or after February 10, 2014)
|
(1.)
|
AST FI Pyramis® Portfolios. The footnote to AST FI Pyramis® Portfolios in the section entitled, “Investment Options,” is deleted and replaced with the following:
|
(2.)
|
AST Federated Aggressive Growth Portfolio. This Portfolio will be changing its name to the AST Small-Cap Growth Opportunities Portfolio. Also, Wellington Management Company, LLP and RS Investment Management Company, LLC, will replace Federated Equity Management Company of Pennsylvania/Federated Global Investment Management Corp. as the subadvisors to the Portfolio.
|
(3.)
|
AST International Value Portfolio. This Portfolio will be replacing a subadvisor. Lazard Asset Management, LLC will replace Thornburg Investment Management, Inc.
|
(4.)
|
AST Jennison Large-Cap Value Portfolio. This Portfolio will be changing its name to the AST Boston Partners Large-Cap Value Portfolio. Also, Robeco Investment Management, Inc., d/b/a Boston Partners will replace Jennison Associates, LLC as the subadvisor to the Portfolio.
|
(5.)
|
AST New Discovery Asset Allocation Portfolio. This Portfolio will be replacing two subadvisors. Longfellow Investment Management Co. LLC and Vision Capital Management Inc. will replace Bradford and Marzec, LLC and Brown Advisory, LLC, respectively, as subadvisors to the Portfolio.
|
(6.)
|
The following Portfolios will be changing their Style/Type to “Alternatives:” AST Cohen & Steers Realty Portfolio, AST Global Real Estate Portfolio, AST Jennison Global Infrastructure Portfolio, and AST T. Rowe Price Natural Resources Portfolio.
|
(7.)
|
The following Portfolios will be changing their Style/Type to “Domestic Equity:”
|
AST AQR Large-Cap Portfolio
|
AST MFS Large-Cap Value Portfolio
|
AST Boston Partners Large-Cap Value Portfolio
|
AST Mid-Cap Value Portfolio
|
AST Clearbridge Dividend Growth Portfolio
|
AST Neuberger Berman/LSV Mid-Cap Value Portfolio
|
AST Goldman Sachs Large-Cap Value Portfolio
|
AST Neuberger Berman Mid-Cap Growth Portfolio
|
AST Goldman Sachs Mid-Cap Growth Portfolio
|
AST QMA Large-Cap Portfolio
|
AST Goldman Sachs Small-Cap Value Portfolio
|
AST QMA US Equity Alpha Portfolio
|
AST Herndon Large-Cap Value Portfolio
|
AST Small-Cap Growth Portfolio
|
AST Jennison Large-Cap Growth Portfolio
|
AST Small-Cap Growth Opportunities Portfolio
|
AST Large-Cap Value Portfolio
|
AST Small-Cap Value Portfolio
|
AST Loomis Sayles Large-Cap Growth Portfolio
|
AST T. Rowe Price Equity Income Portfolio
|
AST MFS Growth Portfolio
|
AST T. Rowe Price Large-Cap Growth Portfolio
|
(8.)
|
In addition, the table entitled “Underlying Mutual Fund Portfolio Annual Expenses” in “Summary of Contract Fees and Charges” is amended as follows:
|
UNDERLYING MUTUAL FUND PORTFOLIO ANNUAL EXPENSES
(as a percentage of the average net assets of the underlying Portfolios)
|
||||||||||||||||||
PORTFOLIO
|
Management
Fees
|
Other
Expenses
|
Distribution
and/or
Service
Fees
(12b-1 fees)
|
Dividend
Expense on
Short Sales
|
Broker Fees
and Expenses
on Short
Sales
|
Acquired
Portfolio
Fees &
Expenses
|
Total
Annual
Portfolio
Operating
Expenses
|
Contractual
Fee Waiver
or Expense
Reimbursement
|
Net Annual
Portfolio
Operating
Expenses
|
|||||||||
Advanced Series Trust
|
||||||||||||||||||
AST Boston Partners Large-Cap Value Portfolio
|
0.73%
|
0.02%
|
0.10%
|
0.00%
|
0.00%
|
0.00%
|
0.85%
|
0.00%
|
0.85%
|
|||||||||
AST Legg Mason Diversified Growth Portfolio1
|
0.89%
|
0.07%2
|
0.10%
|
0.00%
|
0.00%
|
0.13%
|
1.19%
|
-0.12%
|
1.07%
|
|||||||||
AST Small-Cap Growth Opportunities Portfolio
|
0.93%
|
0.05%
|
0.10%
|
0.00%
|
0.00%
|
0.00%
|
1.08%
|
0.00%
|
1.08%
|
(9.)
|
ADVANCED SERIES
TRUST (“AST”)
PORTFOLIO NAME
|
STYLE/
TYPE
|
INVESTMENT
OBJECTIVES
|
PORTFOLIO
ADVISER/
SUBADVISER(S)
|
||||
AST Boston Partners Large-Cap Value Portfolio (formerly AST Jennison Large-Cap Value Portfolio)
|
DOMESTIC
EQUITY
|
Seeks long-term capital appreciation.
|
· Robeco Investment Management, Inc., d/b/a Boston Partners
|
||||
AST Legg Mason Diversified Growth Portfolio
|
ASSET
ALLOCATION
|
Seek high risk-adjusted returns compared to its blended index.
|
· QS Legg Mason Global Asset Allocation, LLC (LMGAA)
· QS Batterymarch Financial Management, Inc.
· Brandywine Global Investment Management, LLC
· ClearBridge Investments, LLC
· Western Asset Management Company
· Western Asset Management Company Limited (WAMCO London)
|
||||
AST New Discovery Asset Allocation Portfolio
|
ASSET
ALLOCATION
|
Seeks total return
|
·
|
· C.S. McKee, LP
· EARNEST Partners, LLC
· Epoch Investment Partners, Inc.
· Longfellow Investment Management Co. LLC
· Parametric Portfolio Associates LLC
· Security Investors, LLC
· Thompson, Siegel & Walmsley LLC
· Vision Capital Management Inc.
|
|||
AST Small-Cap Growth Opportunities Portfolio
(formerly AST Federated Aggressive Growth Portfolio)
|
DOMESTIC
EQUITY
|
Seeks long-term capital appreciation.
|
· Wellington Management Company, LLP
· RS Investment Management Company, LLC
|
(10.)
|
The subheading, “Charge for Spousal Highest Daily Lifetime 6 Plus” in Appendix C is changed to “Charge for Spousal Highest Daily Lifetime Income.”
|