Jennison Associates

Jennison Large Cap Blend Equity

This strategy seeks to achieve long-term capital appreciation and to outperform the S&P 500 Index* by investing in a portfolio that includes an even mix of growth and value stocks. It seeks earnings growth greater than the Index at comparable valuations. There is no guarantee the strategy's objectives will be achieved.

Jennison Large Cap Growth Equity

Seeks to achieve long-term growth of capital through investment in a diversified portfolio of equity securities of well-established companies with above-average growth prospects. There is no guarantee that the strategy will achieve its objective.

Jennison Large Cap Value Equity

This strategy seeks to achieve long-term growth of capital through investment in a diversified stock portfolio of companies trading below accustomed long-term levels, but containing catalysts (potential changes in company fundamentals) that could lead to higher prices. There is no guarantee the strategy's objectives will be achieved.

Jennison Mid-Cap Growth Equity

This strategy seeks to outperform the Russell Midcap® Growth Index*.

Jennison Natural Resources Equity 

This strategy seeks long-term capital growth by investing in companies that own, explore, mine, process, and develop natural resource commodities. There is no guarantee the strategy's objectives will be achieved.

Jennison Opportunistic Equity

This strategy seeks to outperform the overall market over the intermediate to long term with comparable risk by focusing on the best risk/return opportunities regardless of a company's size or industry classification. There is no guarantee the strategy's objectives will be achieved.

Jennison SMid Cap Core Equity 

This strategy is a blend of both growth and stocks, diversified across industries and sectors, and seeks reasonably valued firms with strong potential. There is no guarantee the strategy's objectives will be achieved.

 

* The Russell 1000® Growth Index measures the performance of those Russell 1000® companies with higher price-to-book ratios and higher forecasted growth values.
The Russell Midcap® Growth Index measures the performance of those Russell Midcap companies with higher price-to-book ratios and higher forecasted growth values.
The S&P 500 Index is a capital-weighted, unmanaged index that provides a broad indicator of stock price movements. An investment cannot be made directly in an index.

† As of the close of business on April 8, 2013, the Portfolio is closed to certain new investors. Please see the Supplement dated March 7, 2013 for more detailed information.

0169947-00015-00 Ed. 01/2017