Supplement dated June 23, 2015 to the
Currently Effective Statement of Additional Information (SAI) of
each of the Funds Listed Below (the Funds)
Effective immediately, the following disclosure is hereby added to each Fund’s SAI, and is in addition to any existing supplement for each Fund. You should read this Supplement in conjunction with the SAI and retain it for future reference.
The following disclosure is added to the section of the SAI entitled “Fund Classification, Investment Objective & Policies-Mortgage-Backed Securities.”
The Fund may purchase certain mortgage-backed securities the underlying investments of which consist of loans issued and/or serviced by an affiliated entity.
LR777
Investment Company Name | Fund / Series Name |
The Prudential Investment Portfolios, Inc. | Prudential Asset Allocation Fund |
Prudential Conservative Allocation Fund | |
Prudential Moderate Allocation Fund | |
Prudential Growth Allocation Fund | |
Prudential Investment Portfolios 2 | Prudential Core Taxable Money Market Fund |
Prudential Core Short-Term Bond Fund | |
Prudential Investment Portfolios 9 | Prudential Absolute Return Bond Fund |
Prudential Investment Portfolios 12 | Prudential Short Duration Muni High Income Fund |
Prudential Investment Portfolios, Inc. 14 | Prudential Government Income Fund |
Prudential Floating Rate Income Fund | |
Prudential Investment Portfolios, Inc. 15 | Prudential High Yield Fund |
Prudential Short Duration High Yield Income Fund | |
Prudential Investment Portfolios 16 | Prudential Income Builder Fund |
Prudential Investment Portfolios, Inc. 17 | Prudential Total Return Bond Fund |
Prudential Short Duration Multi-Sector Bond Fund | |
Prudential MoneyMart Assets, Inc. | |
Prudential National Muni Fund, Inc. | |
Prudential World Fund, Inc. | Prudential Emerging Markets Debt Local Currency Fund |
Prudential Global Total Return Fund, Inc. | |
Prudential Short-Term Corporate Bond Fund, Inc. | |
Variable Contract Account-11 | |
The Target Portfolio Trust | Prudential Corporate Bond Fund |
Prudential Core Bond Fund |
LR777