Supplement dated December 12, 2017 to the Prospectus and

Statement of Additional Information of each Fund named below

The Board of Directors/Trustees for each Fund listed below has approved renaming the Fund’s Class Q shares as Class R6 shares, effective on or about June 15, 2018. The renaming of Class Q shares as Class R6 shares will not result in any changes to pricing, eligibility, or shareholder rights and obligations. The renamed Class R6 shares will not be exchangeable with Class R6 shares of the Prudential Day One Funds or the Prudential 60/40 Allocation Fund.

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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 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 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, Inc. 10 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 Jennison 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 Emerging Markets Debt Hard 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 Global Total Return (USD Hedged) Fund Prudential Short-Term Corporate Bond Fund, Inc. Prudential Short-Term Corporate Bond Fund Target Portfolio Trust Prudential Core Bond Fund Prudential Corporate Bond Fund Prudential QMA Small-Cap Value Fund