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Prudential Annuities Adds Six Funds To Highest Daily Investment Platform

NEWARK, N.J. – Prudential Annuities,the domestic annuity business for Prudential Financial, Inc. (NYSE:PRU), today announced the addition of six new asset allocation portfolios from leading money managers to its Highest Daily® variable annuity investment platform. When used with the Highest Daily benefits, available for an additional fee, these diverse portfolios have the potential to help drive account value growth and guaranteed income during retirement.

The additions bring the total number of asset allocation portfolios to 21, and span four investment strategies: traditional, tactical, quantitative and alternative. All of the asset allocation portfolios can be selected as stand-alone options or combined.

“Our innovative approach to risk management allows us to offer investors access to a broad range of investment strategies,” said Timothy Cronin, Chief Investment Officer for Prudential Annuities. “Today’s enhancements reinforce our commitment to choice, flexibility and active management.”

The six new portfolios include:

1. AST BlackRock iShares ETF Portfolio

Invests in iShares exchange traded funds (ETFs) across global equity and fixed-income asset classes.

2. AST Defensive Asset Allocation Portfolio

A portfolio designed for investors seeking to minimize their equity exposure.

3.

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AST Franklin Templeton Founding Funds Plus Portfolio

A broadly diversified portfolio consisting of four cornerstone Franklin Templeton strategies that target stocks and bonds that appear attractively valued.

4. AST Goldman Sachs Multi-Asset Portfolio

Provides access to traditionally underexposed “growth markets” regions; replaces the AST Horizon Moderate Asset Allocation Portfolio.

5. AST Prudential Growth Allocation Portfolio

Actively managed portfolio that determines allocation and security selection through a quantitative model, as well as insights and judgment from an experienced asset allocation team; replaces the AST First Trust Capital Appreciation Target Portfolio.

6. 6. AST RCM World Trends Portfolio

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Takes advantage of investment opportunities and trends throughout the world by combining a quantitative model with fundamental research; replaces the AST Moderate Asset Allocation Portfolio.

“Today’s investors remain concerned with achieving the returns they need for a secure retirement. Our new asset allocation portfolios can help provide additional opportunity for investors to achieve returns,” says Douglas McIntosh, vice president of Investment Management for Prudential Annuities. “With this leading lineup, we offer portfolios that can provide growth opportunities, while maintaining appropriate levels of risk.”

"Prudential has been a leader in creating innovative strategies to address theretirement income needs of clients," said Brian Gaffney, CEO U.S. for Allianz Global Investors. "We are thrilled to partner with Prudential Annuities to bring our unique Dynamic Multi-Asset capability to clients in the U.S. for the first time."

Prudential Annuities, a division of Prudential Financial, Inc., creates and markets variable annuity products that provide tax advantages for those saving for retirement, and a way to transition their savings into guaranteed income they cannot outlive. Learn more at www.retirementredzone.com.



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