497K 1 f10280d1.htm PSF T. ROWE PRICE PM SUPPLEMENT 497K PSF T. Rowe Price PM Supplement 497K

PRUDENTIAL SERIES FUND

PSF Global Portfolio

Supplement dated November 18, 2021 to the

Currently Effective Summary Prospectus, Prospectus

and Statement of Additional Information

This supplement should be read in conjunction with the currently effective Prospectus (the Prospectus) and Statement of Additional Information (the SAI) for the Prudential Series Fund (the Fund) relating to the PSF Global Portfolio (the Portfolio). The Portfolio discussed in this supplement may not be available under your variable contract. For more information about the portfolios available under your variable contract, please refer to your contract prospectus.

Gabriel Solomon is added as a Co-Portfolio Manager of the Portfolio effective as of October 1, 2021. Effective April 1, 2022, Heather McPherson will step down as Co-Portfolio Manager of the Portfolio. John Linehan, CFA and Mark Finn, CFA, CPA will continue to serve as Co-Portfolio Managers of the Portfolio.

To reflect these changes, the Fund's Prospectus, SAI and the Summary Prospectus relating to the Portfolio are hereby revised as follows effective immediately:

I.The table in the section of the Summary Prospectus and Prospectus entitled "Summary: PSF Global Portfolio – Management of the Portfolio" is hereby revised by adding the following information with respect to Mr. Solomon and Ms. McPherson:

Investment

Subadviser

Portfolio

Title

Service Date

Managers

 

Managers

 

 

 

 

 

 

 

 

 

 

Vice President

 

PGIM

T. Rowe Price

Heather

and Co-Portfolio

 

Investments LLC

Associates, Inc.

McPherson*

Manager

January 2015

 

 

 

Vice President

 

PGIM

T. Rowe Price

 

and Co-Portfolio

 

Investments LLC

Associates, Inc.

Gabriel Solomon

Manager

October 2021

*Effective April 1, 2022, Heather McPherson will step down as Co-Portfolio Manager of the Portfolio.

II. The following hereby replaces the first paragraph in the section of the Prospectus entitled "HOW THE TRUST IS MANAGED

– Portfolio Managers-PSF Global Portfolio-T. Rowe Price Segment":

"Mark Finn, John Linehan, Heather McPherson and Gabriel Solomon are jointly and primarily responsible for the day-to-day management of the portion of the Portfolio managed by T. Rowe Price."

III.The following is hereby added after the last paragraph in the section of the Prospectus entitled "HOW THE TRUST IS MANAGED – Portfolio Managers-PSF Global Portfolio-T. Rowe Price Segment":

Gabe Solomon is a vice president of T. Rowe Price Group, Inc and T. Rowe Price Associates, Inc. He is the co-portfolio manager of the US Large-Cap Value Equity Strategy. In addition, he is a vice president and an Investment Advisory Committee member of the US Dividend Growth Equity, US Growth Stock, US Large-Cap Core Equity, US Large-Cap Value Equity, and Mid-Cap Value Equity Strategies. He also is an Investment Advisory Committee member of the Global Focused Growth Equity, Global Growth Equity, and Global Value Equity Strategies. Gabe's investment experience began in 2002, and he has been with T. Rowe Price since 2004, beginning in the U.S. Equity Division as a research analyst. Most recently, Gabe was the portfolio manager of the Financial Services Equity Strategy and chairman of its Investment Advisory Committee. Prior to this, Gabe was employed by Wellington Management Company, LLP, as an equity analyst intern covering Indian information technology services companies. Before that, he was a management consultant at Sibson Consulting Group. Gabe earned a B.A., summa cum laude, in economics from the University of California, Los Angeles (UCLA), where he was a UCLA Regents Scholar and a member of Phi Beta Kappa. He also earned an M.B.A. in finance and accounting from the University of Pennsylvania, The Wharton School. While at Wharton, he served as head fellow for the Wharton Investment Management Fund, a student-run small-cap value portfolio.

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IV.

The table in Part I of the SAI entitled "PORTFOLIO MANAGERS: OTHER ACCOUNTS – PSF Global Portfolio" is hereby

revised by adding the following information with respect to Mr. Solomon:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Subadviser

Portfolio

Registered

Other Pooled

Other Accounts

Ownership

 

 

 

Manager

Investment

Investment

 

of

 

 

 

 

Companies

Vehicles

 

Portfolio

 

 

 

 

 

 

 

Securities

 

 

T. Rowe

 

5/12,273,832,599

24/14,679,274,990

10/3,011,956,917

None

 

 

 

Price

Gabriel

 

 

 

 

 

 

 

Associates,

 

 

 

 

 

 

 

Inc.

Solomon

 

 

 

 

 

*Information as of 09/30/2021.

THIS SUPPLEMENT SHOULD BE READ AND RETAINED FOR FUTURE REFERENCE.

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