MORE CHOICES TO HELP MEET YOUR RETIREMENT SAVINGS CHALLENGESSelf-Directed Brokerage
More choice, more opportunities to meet your retirement challenges
Reaching your retirement goals requires that you have
a plan that can help you overcome any challenges that
stand in the way of getting you there. Through your
retirement plan, you have an additional opportunity: the
ability to transfer a portion of your retirement assets to a
Self-Directed Brokerage account where you will have access
to a greatly expanded investment selection--thousands of
stocks traded on U.S. stock exchanges and hundreds of
mutual funds and individual bonds.
Is a Self-Directed Brokerage account right for you?If you are comfortable with adding a potentially higher level
of risk to your retirement plan assets—with the potential for
higher reward—then Prudential Retirement’s Self-Directed
Brokerage account may be right for you. Before you open
an account, you’ll want to consider these pros and cons:
You will have a broad array of investment choices.Self-Directed Brokerage gives you the opportunity to
invest a portion of your retirement assets in the stocks
traded on U.S. stock exchanges, including the New York
Stock Exchange, NASDAQ, and the American Stock
Exchange. You may also invest in a broad selection
of mutual funds and individual bonds. (Investment restrictions may apply.)
You may be exposed to greater volatility.Investments that offer the greatest potential reward are
also subject to greater risk and volatility.
You will pay additional fees.Prudential Retirement® will deduct an annual account
fee from your core retirement savings plan account, and a
transaction fee will be charged for each purchase or sale
of securities. You should carefully consider whether it
makes sense to incur the additional costs.
Monitoring your accountInformation about your Self-Directed Brokerage account
will be available through a number of sources:
Brokerage statements You will receive a separate monthly brokerage account
statement that provides general account information,
including account balance, security detail, trading
activity and other account activity. Your core retirement
plan quarterly account statement will include your
Self-Directed Brokerage account balance.
Internet access You can access your account information online through
the Prudential participant website. Click the Self-Directed
Brokerage account link to view your brokerage account
information, up-to-date financial news, market overviews,
real-time quotes, a trading facility, and more.
Self-Directed Brokerage
Taking withdrawalsYou cannot take a plan withdrawal directly from your
Self-Directed Brokerage account; however, you can transfer
cash to your core account. Permissible withdrawals from
your account will then be subject to normal withdrawal
processes and penalties as described by your plan’s rules.
Loans (if available)You cannot take a loan from your Self-Directed Brokerage
account. Loan repayments to your core account, if
applicable, cannot be made through your brokerage
account. However, the assets in your brokerage account
are included when calculating the maximum amount
available for a loan.
The next move is yoursBy including the Self-Directed Brokerage feature in
your plan, your employer is providing you with additional
investment choice to build on your retirement strategy. If
you believe Self-Directed Brokerage can play a role in your
investment strategy, complete and return the enclosed
account application. If you have any questions, just speak
with a Retirement Counselor by calling the toll-free number
listed in this packet.
THE PROS AND CONS OF SELF-DIRECTED BROKERAGE
Pros Greater investment choice and flexibility
Opportunity to invest in individual securities
More control over the types of investments
in your retirement account
Cons Additional investment risk
Time required to research, select and monitor
your investments
Additional fees
OPENING AN ACCOUNT
If you have decided to open an account, follow these
simple steps:
Step 1Complete and return the enclosed account application.
Step 2Review the new account information that will be mailed to
you confirming your account details.
Step 3Once you have established your brokerage account, you
are ready to begin building your brokerage portfolio. Call
the toll-free number in this packet to transfer funds into
your Self-Directed Brokerage account. Representatives are
available Monday through Friday from 8 a.m. to 9 p.m. ET.
Funds must be available in your account before placing a
trade. Transfers from the core account, as well as dividends,
interest and the proceeds gained from the sale of securities,
will be automatically invested in a money market fund*
until you provide further investment instructions. Please
review your prospectus (where applicable), which contains
complete information, including charges and expenses.
Dividend reinvestment is available.
Please review the specific account highlights of your plan
for any transfer restrictions or limitations that may apply.
* An investment in a money market fund is not insured or guaranteed by the FDIC or any other government agency. Although money market funds seek to preserve the value of your investment at $1 per share, it is possible to lose principal by investing in the fund.
Your investment options
Permitted investmentsYour plan sponsor may restrict or limit any of these
investment options. See the enclosed plan highlights
for your plan’s specific options and fees. Please contact
your plan sponsor for further details.
Equities traded on U.S. stock exchanges
(subject to certain restrictions)
Bonds or other debt instruments
Certificates of Deposit (CDs), unit investment
trusts (UITs)
Mutual funds from many of the best-known
fund families
Ask a Retirement Counselor for a complete listing of
funds. For more detailed information about the mutual funds available, please call 1-877-778-2100 for a free prospectus.
Read the prospectus (where applicable) carefully
before investing.
Restricted investmentsThese investments are generally not available
for purchase in your Prudential Retirement
Self-Directed Brokerage account:
Margin purchases or short sales
Futures
Options (covered call writing may be
offered under the terms of your plan)
Limited partnerships
Promissory notes
Foreign securities
Mortgages, collectibles or tangible assets
Investments available in your core
retirement program
Employer stock (if applicable)
Tax-exempt investments
Investments restricted by your plan sponsor
Equities valued at less than $5 per share at the
time of purchase.
Self-Directed Brokerage
THE RISK-REWARD SPECTRUM
This illustration shows the general risk and reward for each asset class.
This illustration is based solely on the characteristics of these general investment categories.
Risks (potential for loss of principal value) associated with the investment options can vary.
Money Market/Stable Value
Money market instruments
(i.e., CDs, T-bills)
Guaranteed accounts
Stable value accounts
Short-term high-grade bonds
Bonds/Fixed Income
Government intermediate bonds
Government long-term bonds
Corporate intermediate bonds
Corporate long-term bonds
Stocks/Equities
Domestic large-cap stocks
Domestic small-cap stocks
Domestic mid-cap stocks
International stocks
Potentially lower risk and reward Potentially higher risk and reward
0156337-00002-00 RSBR477
06/2011 Printed 06/2011
Investors should consider the fund’s investment objectives, risks, charges and expenses before investing. The prospectus, and if available the summary prospectus, contain complete
information about the investment options available through your plan. Please call 1-877-778-2100 for a free prospectus and if available, a summary prospectus that contain this
and other information about our mutual funds. You should read the prospectus and the summary prospectus, if available carefully before investing. It is possible to lose money when investing in securities.
Retirement Counselors are registered representatives of PIMS.
Securities products and services are offered by Prudential Investment Management Services LLC (PIMS), Three Gateway Center, 14th Floor, Newark, NJ 07102-4077.
PIMS is a Prudential Financial company.
Prudential, the Prudential logo and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.
MUFG UNION BANK, N.A. 401(K) PLAN PLAN NUMBER 720441
Your Self-Directed Brokerage Account HighlightsPrudential’s Self-Directed Brokerage Account provides participants significantly expanded investment choices in addition to the core investments in the Plan. The following guidelines provide you with the details associated with opening and maintaining a Prudential Self-Directed Brokerage Account.
If you have any questions regarding your Core Account or your eligibility for the Self-Directed Brokerage Account, please call 1-877-PRU-2100 (1-877-778-2100) to speak with a Prudential Participant Service Representative, Monday through Friday, 5:00 AM to 6:00 PM, PT. Once your brokerage account has been established you will be able to access it online via the Prudential Online Retirement Center.
Eligibility Requirements $5,000 minimum account balance to open a Self-Directed Brokerage Account Initial transfer to the Self-Directed Brokerage Account of at least $2,500 or more Subsequent transfers to your Self-Directed Brokerage Account of at least $1,000 or more Minimum of 50% must remain in the Core Account at all times No additional funds can be transferred to your Self-Directed Brokerage Account if the Self-Directed
Brokerage Account balance is 50% or greater of your total balance, or if proposed transaction will result in a balance of 50% or greater in your Self-Directed Brokerage Account
No minimums on transfers from your Self-Directed Brokerage Account back to your Core Account
Eligible Investments Equity securities traded on U.S. Exchanges (excluding your employer’s stock) valued at $5 or more at the
time of purchase Taxable fixed income securities (corporate and governmental bonds) Mutual Funds. Refer to the enclosed Mutual Fund Families list for more information on the funds offered
within each of the following fee structures: Load Funds: All applicable sales loads apply, as identified under the terms of the prospectus No Load Funds:
No Transaction Fee (NTF) Funds: Funds are no load, with no transaction fee, though 12b-1 fees (typically used to defray marketing and distribution expenses) still apply
Transaction Fee Funds: Offered without a load, but transaction fees apply
Ineligible InvestmentsThe following investments will NOT be permitted through the SDB Account:
Employer stock (Mitsubishi UFJ Financial Group, Inc. (MTU) stock not available) Commodities or other futures Options, other than covered calls Limited partnerships Mortgages Collectibles Any security listed on the restricted securities list supplied by your Plan Sponsor Mutual funds, fixed income securities, and other investment options offered in the Core Account Margin transactions Short sales
Any trades made in an impermissible investment may be liquidated at your expense. Prudential is not responsible for costs associated with breaking a trade in an impermissible investment.
Eligible Money SourcesYou may transfer assets from any of the Plan’s eligible money sources to the Self-Directed Brokerage Account. Only sources in which you are 100% vested are eligible for transfer to the Self-Directed Brokerage Account.
Account FeesA $60 annual account fee is charged for any open Self-Directed Brokerage Account, regardless of the Self-Directed Brokerage Account balance. This fee will be deducted from your Core Account balance. This fee is not related to the transfer of or the trades within these accounts, and is payable annually.
Trading Fees
Online Trading Representative Assisted TradingEquities * $19.95 $29.95 Mutual Funds
Load Funds Loads apply Loads apply No-Load Funds
No Transaction Fee Funds No transaction fee No transaction fee Transaction Fee Funds $19.95 $29.95
Fixed Income * N/A $29.95 * In addition to the trading fees outlined above, postage and handling fees of $2.00 may be charged for each transaction.
Investors should consider the fund’s investment objectives, risks, charges and expenses before investing. Theprospectus, and if available the summary prospectus, contain complete information about the investment optionsavailable through your plan. Please call 1 877 778 2100 for a free prospectus and if available, a summaryprospectus that contain this and other information about our mutual funds. You should read the prospectus andthe summary prospectus, if available carefully before investing. It is possible to lose money when investing insecurities.
Retail mutual funds and Self-Directed Brokerage are offered through Prudential Investment Management Services LLC (PIMS), ThreeGateway Center, 14th Floor, Newark, NJ 07102-4077. PIMS is a Prudential Financial company. Member FINRA/SIPC. Self-Directed Brokerage Accounts are carried and maintained by National Financial Services LLC pursuant to a clearing agreement with PIMS. If you have any questions regarding the operation of the Self-Directed Brokerage Account portion of your retirement program, please contact a PIMS representative at 1-888-244-6237. All other inquiries can be referred to the Prudential Representative at the phone number listed on your quarterly statement. Prudential Participant Service Representatives, Prudential Investment Specialists, and Prudential Representatives are registered representatives of PIMS.
©2014 Prudential Financial, Inc. and its related entities. Prudential, the Prudential logo, the Rock symbol and Bring Your Challenges are service marks of Prudential Financial, Inc., and its related entities, registered in many jurisdictions worldwide.
0217229-00004-00 ROMP022
MUTUAL FUND SOLUTIONSMutual Fund Families
Transaction Fee1 Fund Families: The following fund families offer mutual funds which charge either a load as defined in each fund’s prospectus or a transaction fee as described in Prudential’s brokerage pricing guide.
Aberdeen Funds361 Funds7Twelve FundsAbsolute FundsACAP FundsActive Passive FundsAdaptive Allocation FundsAdvisor One FundsAegis FundsAkre FundsAl Frank FundsAlger FundsAllianceBernstein Advisor
FundsAllianceBernstein FundsAllianz FundsAlpha Capital FundsAlpine FundsALPS FundsAltegris FundsAmerican Beacon FundsAmerican Century FundsAmerican CL F FundsAmerican CL R FundsAmerican FundsAmerican Growth FundAmerican Independence
FundsAmerican Pension FundsAmerican Trust FundsAMIDEX35 FundsAppleseed FundsAQR FundsAquila GroupArbitrage FundsArrow FundsArtio Global InvestorsAsset Management FundsAston Asset Management
FundsAstor FundsAutopilot FundBaird Mutual FundsBandon FundsBank of America FundsBaron Asset FundsBarrett FundsBBH FundsBerwyn FundsBiltmore FundsBishop FundsBlackRock FundsBlue Chip FundsBogle FundsBoston Advisors FundsBoyar FundsBrandes FundsBrandywine FundsBridgeway FundsBrightRock FundsBrown Advisory Funds
Brown Capital Management Funds
BTS FundsBull Path FundsBurnham FundsCalamos FundsCaldwell & Orkin FundsCalifornia Investment
Trust FundsCalvert FundsCambiar FundsCapital Advisors FundsCapstone FundsCaritas FundsCatalyst Compass FundsCatalyst FundsCauseway Capital FundsCentury FundsChamplain FundsChase Growth FundCIFG FundsClearwater FundsCM Advisors FundsCMG FundsCNI Charter FundsCohen & Steers FundsColdstream FundsCollar FundsColorado FundsColumbia FundsComerica FundsCommerce FundsConcorde FundsConegstoga FundsCongressional FundsCook & Bynum FundsCopeland FundsCRA FundsCrawford FundsCredit Suisse FundsCRM FundsCullen FundsCushing FundsCutler FundsDavis FundsDean FundsDelaware FundsDiamond Hill FundsDimensional FundsDirexion Evolution FundsDirexion FundsDiversified Risk FundsDodge & Cox FundsDomini FundsDoubleLine FundsDreman FundsDreyfus FundsDSM FundsDundeewealth FundsDunham FundsDupree Funds
DWS FundsE.I.I. RealtyEagle FundsEAS Genesis FundsEastern Point FundsEaton Vance CITEaton Vance FundsEdgewood FundsEmpiric FundsEncompass FundsEntrepreneurShares FundsEpiphany FundsEuro Pacific FundsEvermore FundsFairholme FocusFairholme FundsFAM FundsFBR FundsFederated FundsFederated Institutional
FundsFederated Offshore FundsFidelity Advisor FundsFidelity FundsFifth Third FundsFinancial Square FundsFirst American FundsFirst Eagle FundsFirst Puerto Rico FundsFMX FundsForester FundsForward FundsFPA FundsFrank FundsFrank Russell FundsFranklin FundsFrontegra FundsFrost FundsGabelli Westwood FundsGardner Lewis Chesapeake
FundsGaveKal FundsGE FundsGenerations FundsGeneva Advisors FundsGiant 5 FundsGKM FundsGlenmede FundsGMG FundsGMO Trust FundsGolden FundsGoldman Sachs FundsGoodhaven FundsGPS FundsGPS Genworth I FundsGPS Genworth II FundsGrant Park FundsGrubb and Ellis FundsGuidestone FundsGuinness Atkinson FundsHancock Horizon Funds
Hansberger FundsHarbor FundsHarding Loevner FundsHartford FundsHatteras FundsHeartland FundsHenderson FundsHennessy FundsHighland FundsHighMark FundsHillman FundsHodges FundsHomestead FundsHotchkis & Wiley FundsHuntington FundsHussman FundsICM FundsICON FundsIDEX FundsIncline FundsIndustry Leaders FundsING FundsIntegrity Viking FundsIntrepid FundsINVESCO AIM Family of
FundsIron FundsIronbridge FundsISI FundsIVA FundsIvy FundsJ.P. Morgan FundsJames Advantage FundsJanus Advisor FundsJanus Aspen FundsJanus FundsJensen FundJohn Hancock FundsJones Villalta FundsJordan FundsJulius Baer Collective TrustKalmar Pooled Investment
TrustKCM Marco FundsKeeley FundsKeystone FundsKinetics FundsLaCerte Guardian FundsLadenburg FundsLateef FundsLaudus FundsLazard FundsLeader Capital FundsLEADER Mutual FundsLeeb FundsLegg Mason FundsLeuthold FundsLiberty Street FundsLifetime Achievement
FundsLKCM Funds
LoCorr FundsLongleaf Partners FundsLoomis Sayles FundsLord Abbett FundsLS FundsLSV FundsMadison Mosaic FundsMAI FundsMainStay FundsMairs & Powers FundsManagers FundsManning & Napier FundsMarathon FundsMarshall FundsMassMutual FundsMasters’ Select FundsMatthews Asian FundsMeridian FundsMerk FundsMetropolitan West FundsMFS FundsMiller FundsMirae FundsMirzam FundsMMA Praxis FundsMonetta FundsMontage Convergence FundsMontage Nuance FundsMontage Palmer Square
FundsMontage Tortoise FundsMonteagle FundsMorgan Dempsey FundsMorgan Stanley
Institutional FundsMorgan Stanley Retail
FundsMTB FundsMunder FundsMutual Hedge FundsNakoma FundsNationwide FundsNatixis Global Asset
Management FundsNavigator FundsNeiman FundsNeuberger Berman FundsNew Alternatives FundsNicholas FundsNiemann FundsNile FundsNomura FundsNortheast Investors FundsNorthern FundsNuveen FundsNYSA FundsOberweis FundsOCM FundsOld Mutual FundsOlstein FundsOppenheimer Funds
Optimum FundsOracle FundsOriental FinancialOrinda FundsO’Shaughnessy FundsOsterweis FundsPacific Advisors FundsPacific Capital FundsPacific Financial FundsPacific Life FundsParadigm FundsParnassus FundsPax World FundsPaydenFundsPear Tree FundsPerformance FundsPerformance Trust FundsPerimeter FundsPerkins FundsPI FDICPIA FundsPiedmont FundsPIMCO FundsPinebridge FundsPinnacle Bertolet FundsPioneer InvestmentsPNC FundsPolaris Global FundsPolen FundsPoplar Forest FundsPopular FundsPower FundsPrimeCap Odyssey FundsPrinceton FundsPrincipal FundsProfessionally Managed
PortfoliosProfit FundsProFundsProspector FundsPrudential InvestmentsPSI FundsPutnam FundsQuaker FundsRady FundsRainier Investment FundsRAM FundsRamius FundsRBC FundsReich & Tang GroupReynolds FundsRidgeworth FundsRiver North FundsRiverPark FundsRobeco Investment
ManagementRochdale Investment TrustRoumell FundsRoxbury FundsRoyce FundsRS Investments
1 Transaction fees are associated with trading and are paid directly to Prudential Investment Management Services, LLC. No transaction fee funds do not charge a fee.
Prudential offers easy access to over 500 mutual fund families. Collectively, these families provide more than
15,000 mutual funds from which to choose. Please note that this listing is subject to change periodically. Please contact our Retirement Counselors at 1-888-244-6237 for additional details.
Mutual Fund Families
No Load, No Transaction Fee Fund Families: The following fund families offer mutual funds which can be purchased without incurring a load or a transaction fee when traded on-line.
Rydex FundsS1 FundsSA FundsSands FundsSanta Barbara GroupSaratoga Advantage TrustSatuit Capital FundsSchneider FundsSchooner FundsSchroder FundsSchwab FundsSchwartz FundsScout FundsSEI Collective TrustSEI Funds
Selected FundsSentinel FundsSequoia FundsSierra Core FundsSIT GroupSmall Cap Value FundsSmead FundsSnow Capital FundsSNW FundsSound Mind FundsSouthern Sun FundsSparrow FundsSSgA FundsStadion FundsSteelPath Funds
Stephens FundsSterling Capital FundsSteward FundsStewart FundsStock Dividend FundStone Harbor FundsStralem FundsStratton FundsSunAmerica FundsT. Rowe Price FundsTCM FundsTCW FundsTDAM FundsTFS Capital InvestmentsThird Avenue Funds
Thornburg FundsThrivent FundsTIAA-CREF FundsTilson FundsTimothy Plan FundsToews FundsTorray FundsTouchstone Family of
FundsTransparent FundsTurner FundsTweedy Browne FundsU.S. Global InvestorsUBS FundsUBS Y Shares
Van Eck Global FundsVanguard GroupVictoria 1522 FundsVictory FundsVirtus FundsW & R FundsWalthausen FundsWegener FundsWeitz FundsWells Fargo FundsWells Fargo Stable ValueWestcore FundsWestern Asset FundsWestport FundsWHG Funds
WHV FundsWilliam Blair FundsWilliamsburg FundsWilmington FundsWilshire Target FundsWinslow FundsWintrust Capital FundsWorld DGHM FundsWorld FundsWorld Rems FundsWorld Sherwood FundsWY FundsYacktman FundYield Quest FundsZacks Funds
Aberdeen FundsAbsolute FundsAcadian Asset
Management Mutual Funds
Adams Harkness FundsAdirondack FundsAdvisor One FundsAkre FundsAl Frank FundsAlger FundsAlger Institutional FundsAllianz FundsALPS FundsAmana FundsAmerican Beacon FundsAmerican Century FundsAmerican Israeli FundsAmeristock FundsAMIDEX35 FundsAppleseed FundsAppleton FundsAQR FundsArbitrage FundsAriel FundsArtio Global InvestorsArtisan FundsAston Asset Management
FundsAstor FundsAuer FundsAutopilot FundAuxier FundsAviemore FundsAzzad FundsBaird Mutual FundsBaron Asset FundsBarrett FundsBBH FundsBeck Mack & Oliver FundsBecker FundsBerkshire FundsBiondo FundsBlackRock FundsBoston Balanced FundsBrandywine FundsBrown Advisory FundsBrown Capital
Management Funds
Buffalo FundsCalvert FundsCambiar FundsCan Slim FundsCastle FundsCatalyst FundsCauseway Capital FundsCentury FundsChamplain FundsChase Growth FundClipper FundsCNI Charter FundsCohen & Steers FundsColumbia FundsCommerce FundsCommonwealth FundsConegstoga FundsCongress Street FundsCongressional FundsCRA FundsCredit Suisse FundsCRM FundsCroft FundsCullen FundsCurrency FundsDirexion Evolution FundsDirexion FundsDomini FundsDoubleLine FundsDreman FundsDreyfus FundsDriehaus Capital
ManagementDundeewealth FundsDWS FundsEdgewood FundsEntrepreneurShares FundsEpiphany FundsFAM FundsFBR FundsFederated FundsFederated Institutional
FundsFidelity FundsFidelity Funds (Open for
Subsequent Investments Only)
Fidelity VIP FundsFirst Eagle Funds
First Focus FundsFirsthand FundsFlex-fundsFMI FundsForester FundsFormula Investing FundsFort Pitt FundsForward FundsFrank Russell FundsFrontegra FundsFund*X Upgrader FundsGabelli Westwood FundsGardner Lewis Chesapeake
FundsGE FundsGeier FundsGeneva Advisors FundsGlenmede FundsGoldman Sachs FundsGolub FundsGPS FundsGPS Genworth I FundsGPS Genworth II FundsGrant Park FundsGreen Century FundsGreenspring FundGRT FundsGuinness Atkinson FundsHansberger FundsHarbor FundsHarding Loevner FundsHatteras FundsHaverford FundsHeartland Alps FundsHeartland FundsHennessy FundsHenssler FundsHodges FundsICON FundsIDEX FundsIMS FundsIndex IQ FundsIndustry Leaders FundsIntrepid FundsINVESCO AIM Family of
FundsIron FundsIvy FundsJ.P. Morgan Funds
Jacob FundsJacob Wisdom FundsJames Advantage FundsJanus FundsJensen FundJohn Hancock FundsJubak FundsKCM Marco FundsKinetics FundsKirr Marbach FundsLaudus FundsLazard FundsLegg Mason FundsLeuthold FundsLoCorr FundsLoomis Sayles FundsLou Holland FundsMadison Mosaic FundsMAI FundsManagers FundsManning & Napier FundsMarketfield FundsMarketocracy FundsMarshall FundsMarsico FundsMasters’ Select FundsMatrix Advisors FundsMatthew 25 FundMatthews Asian FundsMcKee FundsMerger FundMerk FundsMetropolitan West FundsMidas FundsMonteagle FundsMorgan Stanley
Institutional FundsMotley Fool FundsMTB FundsMuhlenkamp FundMutuals.com FundsNeedham FundsNeiman FundsNeuberger Berman FundsNew Century FundsNew Covenant FundsNew Frontiers FundsNicholas FundsNomura Funds
Northern FundsOak Associates FundsOakmark FundsOberweis FundsOCM FundsOld Mutual FundsOlstein FundsParadigm FundsParnassus FundsPax World FundsPaydenFundsPear Tree FundsPerimeter FundsPermanent Portfolio FundPerritt FundsPIA FundsPIMCO FundsPlumb FundsPMC FundsPolen FundsPrimary Trend FundProFundsQueens Road FundsRainier Investment FundsRBC FundsRenaissance FundsRice Hall James FundsRiver North FundsRiverPark FundsRobeco Investment
ManagementRoosevelt FundsRoyce FundsRydex FundsSands FundsSchroder FundsSchwartz FundsScout FundsSector FundsSelected FundsSextant FundsSierra Core FundsSIT GroupSmead FundsSnow Capital FundsSound Shore FundsSouthern Sun FundsSSgA FundsSteelPath Funds
Sterling Capital FundsSteward FundsStonebridge FundsStralem FundsSymons FundsT. Rowe Price FundsTanaka FundsTCW FundsTeam FundsThesis FundsThird Avenue FundsThomas White FundsThompson Plumb FundsThunderstorm FundsTocqueville TrustToreador FundsTouchstone Family of
FundsTransparent FundsTurner FundsU.S. Global InvestorsUBS Y SharesUSAA FundServ FundsValley Forge FundsValue Line Mutual FundsVictoria 1522 FundsVillere FundsVulcan FundsWalthausen FundsWasatch FundsWeitz FundsWells Fargo FundsWesmark FundsWestcore FundsWestern Asset FundsWestport FundsWH Reaves FundsWilliam Blair FundsWilshire Target FundsWinslow FundsWintergreen FundsWireless FundWorld DGHM FundsWorld GVM FundsWorld Rems FundsWorld Sherwood FundsWright FundsYacktman FundYield Quest Funds
0207256-00002-00 ROFS001
Printed 11/2011
Investors should consider the fund’s investment objectives, risks, charges, and expenses before investing. The prospectus, and if available the summary prospectus, contain complete information about the investment options available through your plan. Please call 1-877-778-2100 for a free prospectus and, if available, a summary prospectus that contain this and other information about our mutual funds. You should read the prospectus and the summary prospectus, if available, carefully before investing. It is possible to lose money when investing in securities.
Brokerage services are offered through Prudential Investment Management Services LLC (PIMS), Three Gateway Center, 14th Floor, Newark, NJ
07102-4077. PIMS is a Prudential Financial company.
Prudential, the Prudential logo, and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many
jurisdictions worldwide.
SELF-DIRECTED BROKERAGE PARTICIPANT AGREEMENT
In consideration of Prudential Investment Management Services LLC (“PIMS”) opening a Self-Directed Brokerage Account
(“Account”) on my behalf, I agree as follows:
1. Meaning of Words in this Agreement. The words “I”, “me,” “my,” and “us” refer to the person(s) who agrees to the
terms and conditions of this Agreement and signs the New Account Application to establish an Account as an
investment under the Plan. The words “you” and “your” refer to PIMS.
2. Account as Plan Investment. I understand that the Account is an investment under the Plan and subject to the terms
and conditions of the Plan and applicable law. The trustee of the trust maintained in connection with the Plan (the
“Trustee”) is the legal owner of the Account and of all investments held under the Account.
3. Appointment of PIMS as Agent. I appoint you as my agent for the purpose of carrying out my directions with respect to
the purchase, sale or liquidation of securities in accordance with the terms and conditions of the Agreement and I
assume all risks with respect to the purchase, sale or liquidation of securities. All transactions will be executed only
on my order or on the order of my authorized delegate except as otherwise provided in paragraph 6 below. To carry
out your duties, you are authorized to appoint and use sub-agents. You and your sub-agents are authorized to open or
close brokerage accounts, maintain customer records, hold securities in bearer, registered or book entry form, place
and withdraw orders, provide information to third parties, including your affiliates, and take such other steps that are
reasonable in connection with your duties. I understand that you may receive fees from third parties in connection
with mutual fund investments under my account.
I understand that you have entered into an agreement with National Financial Services LLC (NFS) to execute and clear
securities transactions in the Account, and that NFS will carry and maintain the Account except as otherwise provided herein.
From time to time, I may desire to purchase, using PIMS as my agent, units, shares, interests or securities issued by
unit investment trusts (“UITs”), mutual funds or new issues of securities issued by state or local government entities or
authorities or by quasi-government or private corporate entities, partnerships, joint ventures or other business organizations.
I acknowledge that PIMS does not underwrite any of such securities. In connection with my purchase of such securities,
I acknowledge that PIMS acts solely as my agent to identify or locate such securities for me. I understand and agree that
PIMS is not acting as agent for any seller or underwriter but solely as my agent. I agree that any charges or fees owed to
PIMS for acting as my agent in such a transaction may be paid by the seller or by an agent of the seller. I acknowledge and
agree that I and PIMS will be relying solely on information provided us by a seller or underwriter.
4. Discount Brokerage/Unsolicited Transactions. I understand that neither PIMS nor NFS will provide any investment
advice in connection with the Account. All transactions will be unsolicited. Neither PIMS nor NFS will give advice
or offer any opinion with respect to the suitability of any security or order. Without limiting the generality of the
foregoing, I acknowledge and agree that any listing of mutual funds or other securities that may be available for
purchase through you shall not constitute or be construed as investment advice.
5. Transaction Through the Plan. I understand that contributions to and distributions and loans from the Account will
not be made directly from or to me, but instead will be made from or to the core investment options under the Plan
that are established on my behalf. I also understand that Prudential Retirement Insurance and Annuity Company,
pursuant to its contract with the Plan Sponsor, may freeze all transfers from the core investment options under the
Plan to my Account.
1
6. Indebtedness to PIMS and Security Interest. I authorize you to take steps which you, in your sole discretion, determine
to be necessary to complete or cancel a securities transaction or to minimize your losses, if any. To the extent
consistent with the terms of the Plan and with applicable law, (1) I shall, at all times, be liable for the payment upon
demand of any debit balance or other obligations owing in the Account or other accounts which I have with you. (2) I
agree to reimburse you for all costs (including attorneys’ fees), losses or liabilities incurred by you in connection with
the collection of any debit balance or unpaid deficiency in the Account.
Except with respect to any investment by me in an individual retirement account (IRA), as security for the repayment
of any and all present or future indebtedness owed to you by me under this Agreement or otherwise, I grant you a
continuing security interest and lien in, and a right of set off with respect to, all securities or other property that are,
now or in the future, held, carried or maintained for any purpose in or through my Account and, to the extent of my
interest, any other present or future Account with you in which I have an interest.
7. Force Majeure. You shall not be liable for loss or delay caused directly or indirectly by war, natural disasters,
government restrictions, exchange or market ruling or other conditions beyond the control of PIMS.
8. Credit Investigation. You may exchange credit information about me with others. You may request a credit report
about me: (1) to comply with government agency or court orders, or (2) if I give permission. If I ask, you will tell me
the name and address of the consumer reporting agency that furnished the report. You may request a new credit
report at any time without telling me.
9. Fees and Charges. I agree to the fees and charges indicated on the fee schedule of PIMS which I have received. You
may debit the Account for any fees or charges which I incur, or any out-of-pocket expenses you may incur on my
behalf, if applicable. I understand that you may change the fee schedule from time to time, and I agree to be bound
by such changed fee schedule.
10. Certain Mutual Fund and UIT Transactions. I understand and agree that sales loads or sales charges may be imposed in
connection with purchases of shares or interests in mutual funds and UITs or other registered investment companies
that may be paid to you.
11. Liquidations from My Account. I understand that, in the event that a full or partial liquidation of the Account is
necessary in order to comply with the Plan, the Trust or applicable law, or to avoid potential disqualification of
the Plan or tax penalties, such liquidations may be made from my Account at the direction of the Plan Sponsor
or on a last in, first out basis. Examples of situations that might require such liquidations are required minimum
distributions, return of excess contributions, excess aggregate contributions, excess deferrals or excess annual
additions, or distributions required in order to satisfy a qualified domestic relations order. In addition, a full or partial
liquidation of my Account may be taken in order to pay any expenses attributable to my accounts under the Plan.
12. Amendments and Termination. You may amend this Agreement at any time, in any respect, effective upon written
notice to me. You may terminate any or all services contemplated hereunder at any time, effective upon notice to
me. I may close the Account at any time by giving notice to you. In addition, pursuant to the terms of the Plan or
its related trust agreement, the Plan Sponsor or Trustee may close the Account. Closing the Account or terminating
services under this Agreement will not affect any rights and obligations incurred prior to such closure or termination.
13. Notice of Changed Name, Address or Employment. I agree to promptly notify you in writing of any change to my name,
address or employment. I also agree that you may make changes to your records to update my name, address or
employment based on instructions from my Plan’s Plan Administrator.
14. Governing Laws. The Agreement shall be governed by the laws of the State of Connecticut. Any actions against NFS
shall be governed by the State of New Jersey.
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SELF-DIRECTED BROKERAGE PARTICIPANT AGREEMENT
15. Arbitration Disclosures. This Agreement contains a predispute arbitration clause. By signing an arbitration agreement You and I agree as follows:
except as provided by the rules of the arbitration forum in which a claim is filed.
award is very limited.
arbitration than in court proceedings.
explained decision has been submitted by all parties to the panel at least 20 days prior to the first scheduled hearing date.
securities industry.
a claim that is ineligible for arbitration may be brought in court.
this Agreement.
You and I agree that the following conditions apply to any and all controversies arising between the parties with respect to any account in which I have an interest:
federal securities laws.
with Prudential, or any service provided by Prudential to me. This arbitration agreement includes any controversy involving transactions of any kind made on my behalf by or through Prudential, or the performance, construction or breach of this Agreement or any other written agreement between Prudential and me. Such arbitration will be conducted in accordance with the rules then in effect of FINRA unless the rules of another self-regulatory organization to which PIMS is subject mandate arbitration before that organization, in which case the arbitration will be conducted in accordance with the rules then in effect of that organization. I make this arbitration agreement on behalf of myself and my heirs, administrators, representatives, executors, successors and assigns, and together with all other persons claiming a legal or beneficial interest in my retirement and brokerage accounts. Any award of the arbitrator or a majority of the arbitrators will be final and binding, and judgment on such award may be entered in any court having jurisdiction. This arbitration provision will be enforced and interpreted exclusively in accordance with applicable federal laws of the United States, including the Federal Arbitration Act. Any costs,
party resisting confirmation or enforcement of said award.
class who has not opted out of the class with respect to any claims encompassed by the putative class action until:
court. Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this Agreement except to the extent stated herein.
16. Inactive Accounts. I understand and agree that if I do not place a securities trade during any eighteen- (18-) month
period, and there are no securities or monies held in the Account, the Account may be automatically closed and
removed from your system. I will thereafter be required to re-establish an Account prior to placing any further
securities trades.
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SELF-DIRECTED BROKERAGE PARTICIPANT AGREEMENT
17. Effectiveness. I understand that this Agreement is not effective until approved by PIMS in its sole discretion.
18. Free Riding. I understand and agree that I am opening a cash account and accordingly: (1) full cash payment
for each item purchased will be promptly made, unless funds sufficient therefore are already provided; (2) no sale
is contemplated of any item before it is paid for as provided in the preceding clause; (3) each item sold will, at
the same time, be owned by the Plan’s Trustee and, unless already lodged in my Account, will be promptly delivered
thereto; and (4) full cash payment will be made promptly of any amount which may become due in order to meet
necessary requests for additional deposits or mark to market with respect to any un-issued security purchased or sold.
19. Confirmations and Statements. Confirmations of transactions and statements for my account(s) shall be binding
upon me if I do not object, in writing within ten (10) days after receipt by me. Confirmations, statements, notices or
other communications delivered or mailed to the address given by me shall, until PIMS receives notice in writing of
a different address, be deemed to have been personally delivered to me, whether actually received or not.
20. Payment for Order Flow: Securities and Exchange Commission (SEC) Rule 11Ac1-3 requires that all broker/dealers
notify their customers of their payment for order flow (POF) practices at account opening and on an annual basis,
even if they do not receive any payment for order flow. Your broker/dealer does not receive compensation for directing
order flow. Your broker/dealer routes its orders through National Financial Services LLC, which provides securities
clearance services for your broker/dealer and is a member of the New York Stock Exchange and other major stock
exchanges. Orders handled by NFS may be executed in an agent, dual agent and/or principal capacity (including
market maker or specialist). NFS does not receive payment for order flow in the form of monetary compensation in
return for routing customer orders to a designated exchange, market maker, dealer or market center. However, NFS is
a partial owner in an Electronic Communications Network (ECN).
Please note the following:
factors, including size of the order, trading characteristics of the security, favorable execution prices (including
the opportunity for price improvement), access to reliable market data, availability of efficient automated
transaction processing, and reduced execution costs through price concessions from market centers.
with their rules and practices.
order-routing policies, taking into consideration all of the factors listed above, are designed to result in
favorable transaction processing for customers.
21. NFS’ foremost objective is to obtain the best executions regardless of any compensation factors.
22. Securities in accounts carried by National Financial Services LLC, a Fidelity Investments company, are protected in
accordance with the Securities Investor Protection Corporation (“SIPC”) up to $500,000. For claims filed on or after
July 22, 2010, the $500,000 total amount of SIPC protection is inclusive of up to $250,000 protection for claims
for cash, subject to periodic adjustments for inflation, in accordance with terms of the SIPC statute and approved by
SIPC’s Board of Directors. NFS also has arranged for coverage above these limits. Neither coverage protects against
a decline in the market value of securities, nor does either coverage extend to certain securities that are considered
ineligible for coverage. For more details on SIPC, or to request a SIPC brochure, visit www.sipc.org or call 1-202-371-8300.
Securities products and services are offered by Prudential Investment Management Services LLC (PIMS), Three Gateway Center, 14th Floor, Newark, NJ
07102-4077, a Prudential Financial company. Retirement Counselors are registered representatives of PIMS. PIMS is a Prudential Financial company.
Prudential, the Prudential logo and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.
RSF1465
Printed 02/20124
SELF-DIRECTED BROKERAGE PARTICIPANT AGREEMENT
Self-Directed Brokerage Account Application
InstructionsPlease note: Once your account is opened, Prudential Retirement® will provide you with your Self-Directed Brokerage account number. Deposits into the Self-Directed Brokerage account may only be made by exchanging funds invested among your core plan options. Distributions to you, if applicable, must be made from your core plan account. Your core plan is a combination of those base investment options chosen by your employer in which all plan participants can allocate their retirement savings. There are account minimums and an account fee applicable to your Self-Directed Brokerage account. See your fact sheet or plan administrator for more information.
Participant information (please print)
First name MI Last name
Social Security Daytime telephone number number (area code)
Address (please provide a street address only)
City State Zip code
Date of birth Non-resident alien? Yes No (If yes, W-8 Form is required.)
Employer information
Plan number
Sub-plan number Employer name/ plan sponsor
Address
City State Zip code
Please check here if retired or terminated from employment from the employer/plan sponsor identified above.
Is the account holder for this application affiliated with or employed by a member firm of a stock exchange or FINRA, or a senior officer of a bank, S&L, insurance company, registered investment company, or registered investment advisory firm?
Yes No If yes, list company name and position.
Is any account holder or anyone with an interest in the account a director, a 10% shareholder, or a policy-making executive officer of a publicly traded company?
Yes No If yes, list company.
Accounts are carried by National Financial Services LLC, member NYSE/SIPC.
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Questions?
Call Prudential Retirementat 1-877-778-2100 (fax: 1-877-493-9854) www.prudential.com/prs
708
(If you don’t know, please reference quarterly statement or contact your plan administrator)
For Prudential use only:
Securities products and services are offered by Prudential Investment Management Services LLC (PIMS), Three Gateway Center, 14th Floor, Newark, NJ 07102-4077, a Prudential Financial company. Retirement Counselors are registered representatives of PIMS.
Prudential, the Prudential logo, and the Rock symbol are service marks of The Prudential Insurance Company of America, Newark, NJ, and its related entities, registered in many jurisdictions worldwide.
RETURN STANDARD MAIL TO: Prudential RetirementPO Box 5320Scranton, PA 18505-5320
} } }RETURN OVERNIGHT MAIL TO:
Prudential Retirement30 Scranton Office ParkScranton, PA 18507
FAX TO: 1-877-493-9854
4 Your authorizationI am a participant in the tax-qualified retirement plan identified in Section 3 of this application and I am establishing a brokerage account (the “Securities Account”) as an investment under the plan. I hereby apply for a Securities Account under the terms and conditions set forth in the Participant Agreement (the “Agreement”) and I am subject to the terms and conditions of the plan and applicable law and agree to be bound thereby. I am authorized to enter into the Agreement and have obtained and will provide you with all necessary authorizations from third parties to open accounts and effect transactions under the Agreement. I understand that the Trustee of this application (the “Trustee”) will be the owner of all securities purchased, held, and sold through you. However, in accordance with the terms of the plan, I may have the authority to purchase, hold, or sell such securities through the Securities Account. I understand that you entered into an agreement with National Financial Services LLC (NFS) to execute and clear securities transactions in the Securities Account. I further understand and agree that NFS will carry and maintain my Securities Account, except as may otherwise be provided in the Agreement. I understand and agree that, for our mutual protection, you and NFS may record any of our telephone conversations without further notice. I also understand that all transactions shall be subject to rules, regulations, customs, and usages of the exchange, market, or clearinghouse where executed, and to all applicable federal and state laws and regulations. I will not buy, sell, or liquidate any securities of a corporation of which I am an affiliate, or sell or liquidate any restricted securities, except in compliance with applicable laws and regulations and with notice, to you, that the securities are restricted. I acknowledge that Prudential Retirement, NFS, the Trustee or a fiduciary of the plan may cancel, at the cost of the Securities Account, any transaction that it believes is inconsistent with the terms of the plan or with applicable law.
I understand that no distributions from the Securities Account may be made directly to me. All withdrawal requests must be processed through the core plan for disbursement.
I understand that an annual maintenance fee may be collected from my core plan balance. Prudential Retirement may change the fee schedule from time to time, as provided in the Participant Agreement.
I understand that Prudential, according to its contract with my plan sponsor, has the right to freeze transfers from my core account into my securities account.
I have reviewed the information contained on this application (including my Social Security number) and attest to the accuracy thereof. (NOTE: Failure to provide correct Social Security number may subject plan distributions to tax withholding.) I also acknowledge that I have read and agree to the terms and conditions of the Participant Agreement.
I acknowledge that Prudential Retirement may liquidate account positions to resolve any errors caused by me.
I have reviewed the information contained on this application and attest to the accuracy thereof.
I acknowledge that, according to the Plan and Trust agreement, the plan sponsor or Trustee may close and liquidate the securities account.
I understand that there are limitations on the types of investments available through the Securities Account; these limitations will be disclosed to me from time to time by Prudential Retirement.
I understand that the investments in the Securities Account are not FDIC insured, are not bank deposits, and may lose value. I understand the risks associated with these investments, including the potential loss of principal.
I understand that the Participant Agreement contains a pre-dispute arbitration clause (section 15 of the Participant Agreement, beginning on page 2) requiring all disputes under the Agreement to be settled by binding arbitration. By signing below, the participant acknowledges receiving a copy of the Participant Agreement.
Participant’s name
(please print)
Participant’s signature X Date
FOR INTERNAL USE ONLYSupervisory principal’s name
(please print)
Supervisory principal’s signature X Date
Office Reg. rep. no. Account no. Date
30 Scranton Office Park, Scranton, PA 18507 RSFM030www.prudential.com/prs
Securities products are not FDIC insured / Not bank deposits / May lose value
