THE PRUDENTIAL INVESTMENT PORTFOLIOS, INC.
Prudential Asset Allocation Fund
Prudential Conservative Allocation Fund
Prudential Growth Allocation Fund
Prudential Jennison Growth Fund
Prudential Jennison Equity Opportunity Fund
Prudential Moderate Allocation Fund
PRUDENTIAL INVESTMENT PORTFOLIOS 3
Prudential Jennison Market Neutral Fund
Prudential Jennison Select Growth Fund
Prudential Real Assets Fund
Prudential Strategic Value Fund
PRUDENTIAL INVESTMENT PORTFOLIOS 4
Prudential Muni High Income Fund
PRUDENTIAL INVESTMENT PORTFOLIOS 5
Prudential Jennison Conservative Growth Fund
Prudential Small-Cap Value Fund
PRUDENTIAL INVESTMENT PORTFOLIOS 6
Prudential California Muni Income Fund
PRUDENTIAL INVESTMENT PORTFOLIOS 7
Prudential Jennison Value Fund
PRUDENTIAL INVESTMENT PORTFOLIOS 8
Prudential Stock Index Fund
PRUDENTIAL INVESTMENT PORTFOLIOS 9
Prudential Absolute Return Bond Fund
Prudential International Real Estate Fund
Prudential Large-Cap Core Equity Fund
PRUDENTIAL INVESTMENT PORTFOLIOS, INC. 10
Prudential Jennison Equity Income Fund
Prudential Mid-Cap Value Fund
PRUDENTIAL INVESTMENT PORTFOLIOS 12
Prudential Global Real Estate Fund
Prudential U.S. Real Estate Fund
PRUDENTIAL INVESTMENT PORTFOLIOS, INC. 14
Prudential Floating Rate Income Fund
Prudential Government Income Fund
PRUDENTIAL TOTAL RETURN BOND FUND, INC.
PRUDENTIAL GLOBAL TOTAL RETURN FUND, INC.
PRUDENTIAL HIGH YIELD FUND, INC.
PRUDENTIAL NATIONAL MUNI FUND, INC.
PRUDENTIAL SHORT-TERM CORPORATE BOND FUND, INC.
PRUDENTIAL JENNISON 20/20 FOCUS FUND
PRUDENTIAL JENNISON MID-CAP GROWTH FUND, INC.
PRUDENTIAL JENNISON NATURAL RESOURCES FUND, INC.
PRUDENTIAL SECTOR FUNDS, INC.
Prudential Financial Services Fund
Prudential Jennison Health Sciences Fund
Prudential Jennison Utility Fund
PRUDENTIAL JENNISON SMALL COMPANY FUND, INC.
PRUDENTIAL JENNISON BLEND FUND, INC.
PRUDENTIAL WORLD FUND, INC.
Prudential Emerging Market Debt Local Currency Fund
Prudential International Equity Fund
Prudential International Value Fund
TARGET ASSET ALLOCATION FUNDS
Target Conservative Allocation Fund
Target Growth Allocation Fund
Target Moderate Allocation Fund
THE TARGET PORTFOLIO TRUST
Intermediate-Term Bond Portfolio
International Equity Portfolio
Large Capitalization Growth Portfolio
Large Capitalization Value Portfolio
Mortgage Backed Securities Portfolio
Small Capitalization Growth Portfolio
Small Capitalization Value Portfolio
Total Return Bond Portfolio
THE PRUDENTIAL VARIABLE CONTRACT ACCOUNT-2
THE PRUDENTIAL VARIABLE CONTRACT ACCOUNT-10
Supplement dated June 9, 2011
to the
Statement of Additional Information of each of the Funds named above
This supplement amends each Fund’s Statement of Additional Information and is in addition to any existing supplement to each Fund’s Statement of Additional Information.
The section captioned “Analytical Service Providers” under the header “Disclosure of Portfolio Holdings” is deleted and replaced with the following:
Analytical Service Providers
· Fund trades on a quarterly basis to Abel/Noser Corp. (an agency-only broker and transaction cost analysis company) as soon as practicable following a Fund's fiscal quarter-end;
· Full holdings on a daily basis to FT Interactive Data (a fair value information service) at the end of each day;
· Full holdings on a daily basis to FactSet Research Systems Inc. and Lipper, Inc. (investment research providers) at the end of each day;
· Full holdings on a daily basis to Performance Explorer Limited (investment research provider for funds engaged in securities lending) at the end of each day, for certain funds;
· Full holdings on a daily basis to Vestek (for preparation of fact sheets) at the end of each day (Target Portfolio Trust, and selected Prudential Investments Funds only);
· Full holdings to Frank Russell Company (investment research provider) at the end of each month (Prudential Jennison Small Company Fund, Prudential Variable Contract Accounts -2 and -10 only);
· Full holdings on a monthly basis to Fidelity Advisors (wrap program provider) approximately five days after the end of each month (Prudential Jennison Growth Fund and certain other selected Prudential Investments Funds only);
· Full holdings on a daily basis to Brown Brothers Harriman & Co. (operations support) (Prudential Financial Services Fund only);
· Full holdings on a daily basis to Markit WSO Corporation (certain operational functions)(Prudential Financial Services Fund only);
· Full holdings on a daily basis to Investment Technology Group, Inc. (analytical service provider) (Prudential Financial Services Fund only);
· Full holdings on a daily basis to State Street Bank and Trust Company (operations service provider) (Prudential Financial Services Fund only); and
· Full holdings on a quarterly basis to Prudential Retirement Services / Watson Wyatt Investment Retirement Services (401(k) plan recordkeeping) approximately 30 days after the close of the Fund's fiscal quarter-end (Prudential Jennison Growth Fund only).
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