Past performance does not guarantee future results. Source: Jennison and FTSE Russell. Inception of Mid Cap Growth Equity Composite: 12/31/96. In 2000, certain active public equity asset management capabilities and personnel were transferred to Jennison from an affiliated registered investment advisor (“Affiliate”). Performance returns for periods prior to July 31, 2000 were achieved at and calculated by the Affiliate. All institutional account returns were calculated using a Modified Dietz methodology. Gross returns for the investment company accounts were calculated by Lipper, and the net of fee performance was calculated by applying actual investment advisory fees to Lipper gross of fee performance. Since July 31, 2000, gross of fee performance is presented before custodial and Jennison’s actual advisory fees but after transaction costs. Where provided, net of fee performance is presented net of Jennison’s actual advisory fees and transaction costs.

Characteristics are intended to provide a general illustration of the investment strategy and considerations used by Jennison in managing that strategy during normal market conditions and may change over time. Characteristics do not represent actual portfolio guidelines, which are negotiated with clients.

Performance results are calculated in US dollars and reflect reinvestment of dividends and other earnings. Periods greater than one year are annualized. Please refer to the GIPS presentation, which includes fee information and criteria for composite performance creation.