Supplement dated December 18, 2019 

to the Currently Effective Summary Prospectus, Prospectus and Statement of Additional Information
of the Funds Listed Below 

This supplement should be read in conjunction with your Summary Prospectus, Statutory Prospectus and Statement of Additional Information, be retained for future reference and is in addition to any existing Fund supplements. 

The Board of Directors/Trustees for each Fund listed below has approved the conversion of all issued and outstanding Class B shares of the Funds to Class A shares of the same Fund, effective on or about June 26, 2020.  

As a result, effective on or about the close of business on June 26, 2020, all of the issued and outstanding Class B shares of a Fund will be converted into Class A shares of that Fund with the same relative aggregate net asset value as the Class B shares held immediately prior to the conversion.  Class A shares currently have lower total expense ratios, and equal or lower distribution fees and shareholder servicing fees payable under the Fund’s 12b-1 plan than Class B shares. No sales load, fee, or other charge will be imposed on the conversion of these shares. Class A shares are not subject to the contingent deferred sales charge (if any) currently charged on the redemption of Class B shares. Please refer to your Fund’s Prospectus for more information regarding Class A shares. The conversion is not expected to be a taxable event for federal income tax purposes and should not result in recognition of gain or loss by converting shareholders. 

The Prudential Investment Portfolios, Inc.  PGIM Balanced Fund  PGIM Jennison Focused Value Fund  PGIM Jennison Growth Fund  Prudential Investment Portfolios 3  PGIM Jennison Focused Growth Fund  PGIM QMA Large-Cap Value Fund  PGIM Real Assets Fund  Prudential Investment Portfolios 4  PGIM Muni High Income Fund  Prudential Investment Portfolios 5  PGIM Jennison Diversified Growth Fund  Prudential Investment Portfolios 6  PGIM California Muni Income Fund  Prudential Investment Portfolios 7  PGIM Jennison Value Fund  Prudential Investment Portfolios 9  PGIM QMA Large-Cap Core Equity Fund  Prudential Investment Portfolios, Inc. 10  PGIM Jennison Global Equity Income Fund  PGIM QMA Mid-Cap Value Fund  Prudential Investment Portfolios 12  PGIM Global Real Estate Fund  PGIM US Real Estate Fund  Prudential Investment Portfolios, Inc. 14  PGIM Government Income Fund  Prudential Investment Portfolios, Inc. 15  PGIM High Yield Fund     Prudential Investment Portfolios 16  PGIM Income Builder Fund  Prudential Investment Portfolios, Inc. 17  PGIM Total Return Bond Fund  Prudential Investment Portfolios 18  PGIM Jennison 20/20 Focus Fund  Prudential Global Total Return Fund, Inc.  PGIM Global Total Return Fund  Prudential Jennison Blend Fund, Inc.  PGIM Jennison Blend Fund  Prudential Jennison Mid-Cap Growth Fund, Inc.  PGIM Jennison Mid-Cap Growth Fund  Prudential Jennison Natural Resources Fund, Inc.  PGIM Jennison Natural Resources Fund  Prudential Jennison Small Company Fund, Inc.  PGIM Jennison Small Company Fund  Prudential Government Money Market Fund, Inc.  PGIM Government Money Market Fund  Prudential National Muni Fund, Inc.  PGIM National Muni Fund  Prudential Sector Funds, Inc.   PGIM Jennison Financial Services Fund  PGIM Jennison Health Sciences Fund  PGIM Jennison Utility Fund  Prudential Short-Term Corporate Bond Fund, Inc.  PGIM Short-Term Corporate Bond Fund  Prudential World Fund, Inc.  PGIM QMA International Equity Fund    

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