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SA/T. Rowe Price Growth Stock Strategy Second …

SA/T. rowe Price Growth Stock Strategy A Manager of Managers Retail Branded Sub-Advised Separate Account First Quarter 2019 Fund Fact Sheet 1001414 SA-5T6_DC/1Q19 Key Facts INVESTMENT ADVISOR: T. rowe Price Associates, CATEGORY: Large Cap Stock -GrowthMANDATE BENCHMARK: S&P 500 IndexSECONDARY BENCHMARK: Lipper Large Cap Growth Funds Index NET ASSETS: $1, MillionINCEPTION DATE: 06/24/2005 NET EXPENSE RATIO (Before Contract Charges): MORNINGSTAR RATINGTM: OVERALL # OF FUNDS IN MORNINGSTAR CATEGORY: 1256 PORTFOLIO MANAGER(S): Joseph Fath Overall Morningstar Rating as of quarter ending03/31/2019. The Morningstar Rating shown is for thisexpense ratio only and assumes no contract charges areimposed.

SA/T. Rowe Price Growth Stock Strategy A Manager of Managers Retail Branded Sub-Advised Separate Account Second Quarter 2018 Fund Fact Sheet 1001414

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Transcription of SA/T. Rowe Price Growth Stock Strategy Second …

1 SA/T. rowe Price Growth Stock Strategy A Manager of Managers Retail Branded Sub-Advised Separate Account First Quarter 2019 Fund Fact Sheet 1001414 SA-5T6_DC/1Q19 Key Facts INVESTMENT ADVISOR: T. rowe Price Associates, CATEGORY: Large Cap Stock -GrowthMANDATE BENCHMARK: S&P 500 IndexSECONDARY BENCHMARK: Lipper Large Cap Growth Funds Index NET ASSETS: $1, MillionINCEPTION DATE: 06/24/2005 NET EXPENSE RATIO (Before Contract Charges): MORNINGSTAR RATINGTM: OVERALL # OF FUNDS IN MORNINGSTAR CATEGORY: 1256 PORTFOLIO MANAGER(S): Joseph Fath Overall Morningstar Rating as of quarter ending03/31/2019. The Morningstar Rating shown is for thisexpense ratio only and assumes no contract charges areimposed.

2 Other expense ratios may have differentperformance characteristics. 2019 Morningstar, Inc. AllRights Reserved. Additional Morningstar information isavailable in the User Guide. Morningstar Volatility Rank As of 03/31/2019 INVESTMENT LOW MODERATE HIGH CATEGORY In the past, this investment has shown a wide range ofprice fluctuations relative to other investments. Thisinvestment may experience significant Price increases infavorable markets or undergo large Price declines inadverse markets.

3 Some of this risk may be offset by owningother investments that follow different investmentstrategies. Investment Style As of 12/31/2018 The Fund s location within the Investment Style box gives a graphical representation of the Fund s investment process. The strategies are categorized by Prudential utilizing holdings-based and returns-based analysis as well as manager interviews regarding investment process. The vertical axis represents the Fund s market capitalization relative to appropriate style benchmark indices. The horizontal axis represents the Fund s investment style expressed on a value-to- Growth scale, relative to appropriate style benchmark indices.

4 Annual Performance Fund Mandate Benchmark Secondary Benchmark 2018 DESCRIPTION/OBJECTIVEThe Separate Account (the Fund ) is advised by T. rowe Price Associates, Inc. and is managed by the investment manager in a manner substantially similar to the T. rowe Price Growth Stock Mutual Fund. It seeks to provide long-term Growth of capital through investments in stocks . Because of the higher valuations/lower dividend yields of Growth stocks , fund prices could decline further in down markets than non- Growth -focused funds. There is no assurance the objectives will be met. Top Five HoldingsAs of 03/31/2019 INC .. ALPHABET INC .. MICROSOFT CORP.

5 FACEBOOK INC .. BOEING CO .. Top Five Sectors As of 03/31/2019 Information Technology .. Consumer Discretionary .. Communication Services .. Health Care .. Industrials .. Holdings and Sector allocations are unaudited, ranked as a percentage of equity assets and subject to change without notice. AllocationAs of 03/31 Equity Equity CharacteristicsAs of 03/31/2019 Fund Mandate BenchmarkWeighted Median Market Cap ($Bil) Price /Earnings Ratio (Forward) Price /Book Ratio 5-Year Earning Growth Rate (%) Number of Holdings-Long 95 505 Performance(%)As of 03/31/2019 Cumulative Returns Average Annual Total Returns QTDYTD1 Year3 Year 5 Year 10 YearSince InceptionFund NA Mandate Benchmark --- Secondary Benchmark --- Morningstar RatingTM # of Funds in Category 1256 1114 805 Fund Fees Reflected in Performance.

6 The Separate Account was established 06/24/2005. All performance results are net of the highest management fee for this Fund of Actual Fund performance is also net of other Fund operating expenses of for the prior calendar year. Such Fund operating expenses may reflect the benefit of a commission recapture program. Fee waivers of are in place for this Fund. Actual performance shown reflects the imposition of the foregoing expenses and the benefit of any fee waivers and commission recaptures. Effective April 2009 this Separate Account was converted from an Alliance Fund, that invested in shares of a mutual fund, to a retail-branded, sub-advised fund, that invests in a portfolio of securities managed by the mutual Fund's investment manager in a manner substantially similar to the mutual fund this Separate Account was invested in.

7 The Separate Account. Your retirement plan purchases units of a Separate Account established and made available as aninvestment option under group variable annuity contracts issued by Prudential Retirement Insurance and Annuity Company( PRIAC ), Hartford CT. The Separate Account holds the investment securities, and associated voting rights belong to theSeparate Account. As defined by ERISA, PRIAC is the "investment manager" of the Separate Account. Pursuant to CFTC Rule ,PRIAC has claimed an exclusion from registration as a commodity pool operator with respect to the Fund. Possibility of Contract Charges. Your retirement plan may have agreed to contract charges.

8 If so, these would reduce theperformance (and possibly the Morningstar ratings) shown above. Any contract charges are included in the expense ratio shownin your statement and in the performance shown in your statement. The Fund fees and contract charges compensate us for thedistribution and servicing associated with your plan. Other plan investment options may generate more or less revenue for us thanthe fees associated with this Fund. If the aggregate revenue from your plan exceeds our associated costs, we earn a , we incur a loss. Other plans investing in the Fund may have lower fees, but these are not available to your plan inorder to compensate us for distribution and plan servicing.

9 Performance Risks. Before investing, investors should carefully consider the investment objectives, risks, chargesand expenses of this Fund and other plan investment options. The performance quoted represents past investment value and return will fluctuate so that an investment, when redeemed, may be worth more or lessthan original cost. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. For performance data current to the most recent month end, please call 1-877-778-2100. Actual performance may be affected by the manager not being able to invest directly in a country prior to satisfaction of that country s legal requirements.

10 It is possible to lose money investing in securities. Miscellaneous. Frequent exchanging of investment options may harm long-term investors. Your plan and/or the Fund may havepolicies to detect and deter potentially abusive exchanges. The policies may require us to modify or terminate investmentexchange privileges. Benchmarks are unmanaged and cannot be invested in directly. See User Guide for benchmark definitionsand refer to the section entitled "Separate Account or Custom Plan Investment Options" for a description of PRIAC's role related tothe type of fund described in this Fact Sheet. For more information, go to All Plan Sponsors (or authorized representatives of Plan Sponsors) participatingin the commingled accounts are generally provided with uniform written reports regarding these products.


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