Dryden Strategic Value Fund


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The Fund seeks long-term growth of capital by investing in stocks of large U.S. companies that the Fund's management team considers undervalued.

See quarterly PDF version of this Fund Fact Sheet.
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Performance
Fund Share Prices as of market close, 11/20/2009
NAV# CHANGE##
Class A (Symbol: SUVAX) 8.61 Loss-0.03
Class B (Symbol: SUVBX) 8.31 Loss-0.04
Class C (Symbol: SUVCX) 8.31 Loss-0.04
Class Z (Symbol: SUVZX) 8.71 Loss-0.04
# "NAV" (Net Asset Value) is the $U.S. value of a single share of a fund, excluding any sales charges.
## "CHANGE" shows the change in $U.S. value over the previous day:Gain= Gain, Loss= Loss,  No Change = No Change.
See Prices and Yields of other JennisonDryden mutual funds.



Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate and shares when sold may be worth more or less than the original cost. Maximum sales charges: Class A, 5.5%; Class B, 5.0%; and Class C, 1.0%.
Average Annual Total Returns
Total Return
(with sales charges)
as of 10/31/2009		 Total Return
(without sales charges)
as of 10/31/2009		 Lipper
Average
as of
10/31/2009
Class A B C Z A B C Z
Year-to-Date N/A N/A N/A N/A 11.53 10.96 10.82 11.83 15.05
1-Year 0.73 1.02 4.74 6.96 6.60 5.83 5.70 6.96 8.59
3-Year -11.45 -11.17 -10.45 -9.52 -9.77 -10.41 -10.45 -9.52 -8.55
5-Year -2.27 -2.04 -1.90 -0.90 -1.16 -1.87 -1.90 -0.90 -0.05
10-Year N/A N/A N/A N/A N/A N/A N/A N/A 1.43
Since Incpt. -0.55 -0.63 -0.65 0.36 0.10 -0.63 -0.65 0.36 1.19
See Daily Returns and Quarterly SEC Standardized Performance.
See Calendar Year Performance for the Dryden Strategic Value Fund.
Total return describes the return to the investor before any sales charges are imposed. Lipper average is unmanaged, is based on the average return of all funds in this category, and does not take into consideration applicable sales charges. Unless noted otherwise, Lipper averages and index returns reflect performance beginning the closest month-end date to the Fund's inception. Benchmark since inception average is based on Class A inception date. SEC standardized return describes the return to the investor after maximum sales charges are imposed. All returns assume share price changes, as well as the compounding effect of reinvested dividends and capital gains. Returns may reflect fee waivers and/or expense reimbursements. Without such, returns would be lower.

Inception: Class A, B, C, and Z, 3/30/2001.

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Growth of $10,000
Fund ReturnFund Return$10,272
Class A Benchmark Return*Benchmark Return$11,368
Fund/Benchmark Return Chart
*Lipper Large-Cap Value Funds Average
This chart represents historical performance and does not assume the effects of sales charges. If shown with sales charges, performance would have been lower. Lipper Large-Cap Value Funds invest at least 75% of their equity assets in companies with market caps greater than 300% of the dollar-weighted median market capitalization of the middle 1,000 securities of the S&P SuperComposite 1500 Index, typically have an above-average price-to-earnings ratio, price-to-book ratio, and three-year sales-per-share growth value, compared to the S&P 500 Index. The S&P SuperComposite 1500 Index offers diversified market-cap U.S. market coverage. The S&P 500 provides a broad indicator of stock price movements. An investment cannot be made directly in an index.
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Fund Facts & Holdings
Objective: Seeks to provide long-term growth of capital. There can be no assurance that the Fund's objective will be achieved.
Dividends: Paid annually, if any.
Capital Gains: Paid annually, if any.

See Dividend and Capital Gains Distributions.

See most recent complete Portfolio Holdings list.
The following information is as of 10/31/2009 and is subject to change.
Total Net Assets: $40 million
Largest Stock Holdings (% of Assets)
ExxonMobil 5.6 %
Chevrontexaco 3.5
JPMorgan Chase 3.5
AT&T 3.3
Pfizer 3.3
General Electric 3.2
Wells Fargo 2.4
Verizon Communications 2.0
Conoco Philips 1.9
Goldman Sachs 1.6
Top Ten (of 153) 30.3 %
Sector Breakdown (% of Assets)
Energy 18.3 %
Financials 17.5
Industrials 12.8
Consumer Discretionary 11.8
Healthcare 11.5
Utilities 7.6
Telecom. Services 5.9
Materials 5.4
Other 8.7
Cash & Equivalents 0.5
Largest Industries (% of Assets)
Oil & Gas 16.2 %
Pharmaceuticals 7.6
Diversified Telecom. Services 5.9
Banks 5.5
Diversified Financials 4.9
Fund Statistics
Average Weighted Market Capitalization ($mil) 67,441.6
Beta (3 Year) 1.00
P/E Ratio 14.1
Standard Deviation (3 Year) 21.04
Turnover Ratio (%) 16
*Negative holdings reflect outstanding trades at period end.

All data is unaudited and subject to change.

The Fund may invest in foreign securities, which are subject to currency fluctuation and political uncertainty; short sales, which involve costs and the risk of potentially unlimited losses; and derivative securities, which may carry market, credit, and liquidity risks. These risks may result in greater share price volatility. There is no assurance the Fund's objective will be achieved.

Average weighted market capitalization is the average market capitalization of corporations in a fund weighted by the percentage of the holding in the fund. Beta measures a fund's sensitivity to changes in the overall market over the past three years relative to the fund's benchmark. Price-to-Earnings ratio (P/E), measures overall valuation. It is calculated using a harmonic weighted average, which represents the ratio of the portfolio's total market value to the total earnings of the portfolio. Standard deviation is a statistical measurement that depicts how widely returns varied over the past three years. The measurement is generally used to understand the range of returns that are most likely for a given fund. When a fund has a high standard deviation, the range of performance may be wider, implying greater volatility. Turnover is annual sales divided by the average portfolio value. It tells us the weighted average holding period over a 12-month timeframe of the portfolio. Beta is benchmarked against the Russell 1000® Value Index which measures the performance of those Russell 1000 companies with lower price-to-book ratios and lower forecasted growth values. The index and Russell are trademarks of the Frank Russell Company. An investment cannot be made directly in an index. Due to data availability, statistics may not be as of the current reporting period.

Source: Prudential Investment Management, Inc. (PIM) and Lipper Inc. PIM is a Prudential Financial company. Source of Sector classification: S&P/MSCI.
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Fund Managers
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The Dryden Strategic Value Fund is co-managed by Margaret Stumpp, Ph.D., John Lieb, CFA, Deborah Woods, and Robert Leung, CFA, each of whom is a member of Quantitative Management Associates (QMA). They lead a team of 31 investment professionals, seven of whom hold Ph.D.s, with over 200 years of combined investment experience. Quantitative Management Associates, LLC is a wholly owned subsidiary of Prudential Investment Management, Inc., a Prudential Financial company.
Photo of Margaret Stumpp Margaret S. Stumpp, Ph.D. is the Chief Investment Officer of QMA. Ms. Stumpp is responsible for portfolio management and investment strategy for the Fund. She is portfolio manager for QMA's enhanced index equity portfolios for institutional investors and mutual fund clients. She is extensively involved in quantitative research in asset allocation, security selection and portfolio construction for QMA. Previously, Ms. Stumpp was employed by the AT&T Treasury department and by Price Waterhouse as a senior consultant. In both positions, she was responsible for providing expert testimony on economic and financial matters. She has published articles on finance and economics in numerous publications, including The Financial Analysts Journal, The Journal of Portfolio Management, The Journal of Investment Management and Award Papers in Public Utility Economics. Ms. Stumpp earned a BA cum laude with distinction in Economics from Boston University, and holds an MA and a PhD in Economics from Brown University.
Photo of John Leib John Leib, CFA, is a vice president and portfolio manager for QMA. John has over 28 years of investment experience. He joined the Value Equity team of QMA's predecessor in 1987 as a portfolio manager/analyst. Over time, his role has shifted from overseeing the research efforts toward a dedicated focus on the management of the Value Equity accounts. John previously worked with Berg Fiduciary Consultants, a financial consulting firm, where he assisted pension clients in asset allocation modeling, analysis of investment managers, and special projects. John earned a B.A. in economics and mathematics from Hamilton College and an M.B.A. in finance from New York University.
Photo of Deborah Woods Deborah Woods is a vice president and portfolio manager for QMA's Value Equity team. She also directs fundamental quantitative research analysis for the Value Equity products. Debbie has over 30 years of investment experience and joined Prudential Financial in 1973 as an industry analyst. She received a B.A. in history from Wellesley College.

Robert Leung, CFA, (not pictured) is an Investment Associate for Quantitative Management Associates (QMA) and a member of the Value Equity team. Robert began with the team as a Research Assistant. He earned a BA in Economics from Union College and holds the Chartered Financial Analyst (CFA) designation. Robert has 13 years of investment experience, all with QMA.
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Consider a fund's investment objectives, risks, charges, and expenses carefully before investing. The prospectus contains this and other information about the fund. Read it carefully before investing. For more information about a fund, click on the prospectus link above.

Mutual funds are distributed by Prudential Investment Management Services LLC, a Prudential Financial company and member SIPC. JennisonDryden, Jennison, Dryden, Target, Pru, Prudential Financial, and the Rock Prudential logo are registered service marks of The Prudential Insurance Company of America, Newark, NJ, and its affiliates.

Mutual funds are not insured by the FDIC or any federal government agency, are not a deposit of or guaranteed by any bank or any bank affiliate, and may lose value.

0157119-00002-00        Ed. 8/2009