| INVESTMENT OBJECTIVE | ![]() |
| INVESTMENT DISCIPLINE | |
LSV’s investment model ranks a universe of stocks based on a variety of factors they believe to be predictive of future stock returns. The portfolio is built country neutral relative to the benchmark, effectively buying the highest ranked stocks in each country. LSV then overlays strict risk controls that limit the over- or under-exposure of the portfolio to industry and sector concentrations. LSV also limits exposures in individual securities to ensure the portfolios are broadly diversified, further controlling risk. Thornburg uses a bottom-up investment process that seeks to identify promising companies selling at a discount to intrinsic value. The portfolio is focused yet maintains diversification across three categories of value -- Basic Value, Consistent Earners and Emerging Franchises -- and will invest opportunistically in high quality Emerging Markets securities. |
| Performance (As of 12/31/2009) |
| Performance Chart |
![]() |
| YTD | 1-YEAR | 3-YEAR | 5-YEAR | 10-YEAR | SINCE INCEPTION | |
| 32.35 | 32.35 | -4.38 | 5.13 | N/A | 1.60 | |
| 32.46 | 32.46 | -5.57 | 4.02 | 1.58 | 3.08 |
| PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. THE INVESTMENT RETURN AND PRINCIPAL VALUE OF AN INVESTMENT WILL FLUCTUATE SO THAT AN INVESTOR'S UNITS, WHEN REDEEMED, MAY BE WORTH MORE OR LESS THAN THEIR ORIGINAL COST. CURRENT PERFORMANCE MAY BE LOWER OR HIGHER THAN THE PAST PERFORMANCE DATA QUOTED. PERFORMANCE INFORMATION AS OF THE MOST RECENT MONTH-END IS AVAILABLE AT WWW.PRUDENTIAL.COM. The rates of return reflect the reinvestment of all dividends and capital gains, and the deduction of investment management fees and expenses. They do not reflect charges specific to your contract such as cost of insurance, mortality and expense risk charges, riders and sales charges. If they did, the performance quoted would be significantly lower. For the specific charges and expenses associated with your product, please refer to the prospectus. Returns of less than one year are not annualized. |
| back to top |
| Fund Facts & Holdings (As of 12/31/2009 unless noted otherwise) |
| Portfolio Data2 |
| Inception Date : 9/22/2000 Number of Holdings : 229 Net Assets : $203.3 Million |
| Largest Stock Holdings (% of Assets-Holdings are subject to change)2 | |
| BP PLC | 1.7% |
| Novartis Ag | 1.7 |
| BNP Paribas S.A. | 1.5 |
| Royal Dutch Shell PLC (CL B) | 1.5 |
| Teva Pharmaceutical Industries | 1.3 |
| Deutsche Bank AG | 1.3 |
| Bco Sant Cent Hisp | 1.3 |
| E.On Ag | 1.3 |
| Komatsu | 1.2 |
| Ind & Com Bk China | 1.2 |
| Top Geographic Concentration (% of Assets)2 | |
| United Kingdom | 19.0% |
| Japan | 16.0 |
| France | 10.6 |
| Germany | 8.1 |
| Switzerland | 7.3 |
| Australia | 4.3 |
| Spain | 3.8 |
| Hong Kong | 3.0 |
| China | 3.0 |
| Canada | 2.8 |
| PORTFOLIO MANAGEMENT |
The following portfolio managers are responsible for the day-to-day management of the Portfolio's investments: Josef Lakonishok Ph.D., CEO, Partner and Portfolio Manager of LSV since its founding in 1994. He has more than 28 years of Investment and research experience. Menno Vermeulen, CFA, has served as Portfolio Manager and Senior Quantitative Analyst of LSV since 1995 and a partner since 1998. He has more than 14 years of investment experience. William Fries has been the lead manager at Thornburg responsible for this strategy since its inception in June 1998. The Value Equity team, which is responsible for the firm's International Value and Domestic Value products consists of 7 Portfolio Manager/Analysts, led by Mr. Fries. |
| FIRM OVERVIEW |
![]() ![]() |
Thornburg Investment Management
Investors should consider the contract and the underlying portfolios' investment objectives, risks, and charges and expenses carefully before investing. The contract's prospectus and the underlying portfolios' prospectus contain this and other important information. Read them carefully before investing or sending money. |
| back to top |