PRUDENTIAL FUNDS

Supplement dated October 19, 2017 to the
Currently Effective Prospectus of
each of the Funds Listed Below (the Funds)

This supplement should be read in conjunction with your Prospectus and should be retained for future reference.

PGIM Investments LLC, the manager of the Funds, was notified on October 18, 2017 of a systems issue with one of the Funds’ third-party service providers. As a result of the systems issue, the Funds’ reported net asset values (NAVs) and performance information beginning on October 18, 2017 are not representative of certain fund activity. The Funds will update the currently disclosed NAVs and performance information, as necessary, as soon as the information is available.

PRUDENTIAL FUNDS

The Prudential Investment Portfolios, Inc. Prudential Balanced Fund Prudential Conservative Allocation Fund Prudential Jennison Growth Fund Prudential Growth Allocation Fund Prudential Moderate Allocation Fund Prudential Jennison Equity Opportunity Fund Prudential Investment Portfolios 2 Prudential Core Short-Term Bond Fund Prudential Core Ultra Short Bond Fund Prudential Institutional Money Market Fund Prudential Commodity Strategies Fund Prudential Core Conservative Bond Fund Prudential Jennison Small-Cap Core Equity Fund Prudential QMA Emerging Markets Equity Fund Prudential QMA International Developed Markets Index Fund Prudential QMA Mid-Cap Core Equity Fund Prudential QMA US Broad Market Index Fund Prudential TIPS Fund Prudential Investment Portfolios 3 Prudential Jennison Focused Growth Fund Prudential QMA Strategic Value Fund Prudential Unconstrained Bond Fund Prudential Real Assets Fund Prudential QMA Global Tactical Allocation Fund Prudential Global Absolute Return Bond Fund Prudential Investment Portfolios 4 Prudential Muni High Income Fund Prudential Investment Portfolios 5 Prudential 60/40 Allocation Fund Prudential Day One Income Fund Prudential Day One 2010 Fund Prudential Day One 2015 Fund Prudential Day One 2020 Fund Prudential Day One 2025 Fund Prudential Day One 2030 Fund Prudential Day One 2035 Fund Prudential Day One 2040 Fund Prudential Day One 2045 Fund Prudential Day One 2050 Fund Prudential Day One 2055 Fund Prudential Day One 2060 Fund Prudential Jennison Diversified Growth Fund Prudential Jennison Rising Dividend Fund Prudential Investment Portfolios 6 Prudential California Muni Income Fund Prudential Investment Portfolios 7 Prudential Jennison Value Fund Prudential Investment Portfolios 8 Prudential QMA Stock Index Fund   Prudential Investment Portfolios 9 Prudential Real Estate Income Fund Prudential Select Real Estate Fund Prudential Absolute Return Bond Fund Prudential International Bond Fund Prudential QMA Large-Cap Core Equity Fund Prudential Investment Portfolios 10, Inc. Prudential Jennison Equity Income Fund Prudential QMA Mid-Cap Value Fund Prudential Investment Portfolios 12 Prudential QMA Long-Short Equity Fund Prudential Short Duration Muni High Income Fund Prudential US Real Estate Fund Prudential Global Real Estate Fund Prudential QMA Large-Cap Core Equity PLUS Fund Prudential Investment Portfolios, Inc. 14 Prudential Floating Rate Income Fund Prudential Government Income Fund Prudential Investment Portfolios, Inc. 15 Prudential High Yield Fund Prudential Short Duration High Yield Income Fund Prudential Investment Portfolios 16 Prudential QMA Defensive Equity Fund Prudential Income Builder Fund Prudential Investment Portfolios, Inc. 17 Prudential Short Duration Multi-Sector Bond Fund Prudential Total Return Bond Fund Prudential Investment Portfolios 18 Prudential Jennison MLP Fund Prudential Jennison 20/20 Focus Fund Prudential National Muni Fund, Inc. Prudential National Muni Fund Prudential Jennison Blend Fund, Inc. Prudential Jennison Blend Fund Prudential Sector Funds, Inc. Prudential Financial Services Fund Prudential Jennison Utility Fund Prudential Jennison Health Sciences Fund Prudential World Fund, Inc. Prudential QMA International Equity Fund Prudential Jennison Global Infrastructure Fund Prudential Emerging Markets Debt Local Currency Fund Prudential Jennison Emerging Markets Equity Fund Prudential Jennison Global Opportunities Fund Prudential Jennison International Opportunities Fund Prudential Jennison Mid-Cap Growth Fund, Inc. Prudential Jennison Mid-Cap Growth Fund Prudential Jennison Small Company Fund, Inc. Prudential Jennison Small Company Fund Prudential Jennison Natural Resources Fund, Inc. Prudential Jennison Natural Resources Fund Prudential Global Total Return Fund, Inc. Prudential Global Total Return Fund   Prudential Short-Term Corporate Bond Fund, Inc. Prudential Short-Term Corporate Bond Fund Prudential Government Money Market Fund, Inc. Prudential Government Money Market Fund Target Portfolio Trust Prudential Core Bond Fund Prudential Corporate Bond Fund Prudential QMA Small-Cap Value Fund Target International Equity Portfolio  

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