The Fund hereby adopts this plan pursuant to Rule 18f-3 under the Investment Company Act of 1940 (the "1940 Act"), setting forth the separate arrangement and expense allocation of each class of shares in each Fund, as applicable. Any material amendment to this plan with respect to a Fund is subject to prior approval of the Board of Directors/Trustees, including a majority of the independent Directors/Trustees.

CLASS A SHARES:	Class A shares are subject to an initial sales charge and an annual distribution and/or service fee pursuant to Rule 12b-1 under the 1940 Act (Rule 12b-1 fee) not to exceed 0.30 of 1% per annum of the average daily net assets of the class. The initial sales charge is waived or reduced for certain eligible investors. Investors who purchase $1 million or more (or $500,000 for Funds advised by PGIM Fixed Income) of Class A shares and for whom the initial sales charge would be waived are subject to a contingent deferred sales charge ("CDSC") of 1% on shares that are redeemed within 12 months of purchase.
CLASS B SHARES:	Class B shares are not subject to an initial sales charge but are subject to a CDSC (declining from 5% to zero over a six-year period) which will be imposed on certain redemptions and an annual Rule 12b-1 fee not to exceed 1% of the average daily net assets of the class. The CDSC is waived for certain eligible investors. Class B shares automatically convert to Class A shares upon the earlier of (i) approximately seven years after purchase and (ii) June 26, 2020. Class B shares are closed to all purchase activity.
CLASS C SHARES:	Class C shares issued before October 28, 1998 are not subject to an initial sales charge but are subject to a 1% CDSC which will be imposed on certain redemptions within the first 18 month after purchase and an annual Rule 12b-1 fee not to exceed 1% of the average daily net assets of the class. Class C shares issued on or after October 28, 1998 are not subject to an initial sales charge but are subject to a 1% CDSC which will be imposed on certain redemptions within the first 12 month after purchase and an annual Rule 12b-1 fee not to exceed 1% of the average daily net assets of the class. Class C shares automatically convert to Class A shares approximately eight years after purchase.
CLASS R SHARES:	Class R shares are not subject to either an initial sales charge or CDSC, but they are subject to an annual Rule 12b-1 fee not to exceed 0.75 of 1% per annum of the average daily net assets of the class. Class R shares are closed to all purchase activity.
CLASS T SHARES:	Class T shares are subject to an initial sales charge and an annual distribution and/or service fee pursuant to Rule 12b-1 under the 1940 Act (Rule 12b-1 fee) not to exceed 0.25 of 1% per annum of the average daily net assets of the class. The initial sales charge is waived or reduced for certain eligible investors. The Class T shares are not subject to a CDSC.
CLASS Q SHARES:	Effective on or about June 11, 2018, all outstanding Class Q shares were renamed as Class R6 shares.
CLASS Z SHARES:	Class Z shares are not subject to either an initial sales charge or CDSC, nor are they subject to any Rule 12b-1 fee.
CLASS R1 SHARES:	Class R1 shares are not subject to either an initial sales charge or CDSC, but they are subject to an annual distribution fee pursuant to Rule 12b-1 under the 1940 Act and an annual service fee not to exceed 0.50 of 1% per annum and 0.10 of 1% per annum, respectively, of the average daily net assets of the class.
CLASS R2 SHARES:	Class R2 shares are not subject to either an initial sales charge or CDSC, but they are subject to an annual distribution fee pursuant to Rule 12b-1 under the 1940 Act and an annual service fee not to exceed 0.25 of 1% per annum and 0.10 of 1% per annum, respectively, of the average daily net assets of the class.
CLASS R3 SHARES:	Class R3 shares are not subject to either an initial sales charge or CDSC, but they are subject to an annual distribution fee pursuant to Rule 12b-1 under the 1940 Act and an annual service fee not to exceed 0.10 of 1% per annum and 0.10 of 1% per annum, respectively, of the average daily net assets of the class.
CLASS R4 SHARES:	Class R4 shares are not subject to either an initial sales charge or CDSC and are not subject to any distribution fee pursuant to Rule 12b-1 under the 1940 Act, but they are subject to an annual service fee not to exceed 0.10 of 1% per annum of the average daily net assets of the class.
CLASS R5 SHARES:	Class R5 shares are not subject to either an initial sales charge or CDSC, nor are they subject to any distribution and/or service fee.
CLASS R6 SHARES:	Class R6 shares are not subject to either an initial sales charge or CDSC, nor are they subject to any distribution and/or service fee.

Income, realized gains and losses, unrealized appreciation and depreciation, and Fundwide Expenses shall be allocated based on one of the following methods (which method shall be applied on a consistent basis):

Daily Dividend Fund means a Fund that has a policy of declaring, distributions of net income daily, including any money market fund that operates in compliance with Rule 2a-7 under the 1940 Act.

Fundwide Expenses mean expenses of the Fund not allocated to a particular class.

Settled Shares Method means allocating to each class based on relative net assets, excluding the value of subscriptions receivable.

Dividends and other distributions paid by the Fund to each class of shares, to the extent paid, will be paid on the same day and at the same time, and will be determined in the same manner and will be in the same amount, except that the amount of the dividends and other distributions declared and paid by a particular class of the Fund may be different from that paid by another class of the Fund because of Rule 12b-1 fees, service fees and other expenses borne exclusively by that class.

Holders of Class A Shares, Class B Shares, Class C Shares, Class R Shares, Class T Shares, Class Z Shares, Class R1 Shares, Class R2 Shares, Class R3 Shares, Class R4 Shares, Class R5 Shares and Class R6 Shares shall have such exchange privileges as set forth in each Fund’s current prospectus. Exchange privileges may vary among classes and among holders of a Class.

Prior to January 22, 2021, Class C shares will automatically convert to Class A shares on a monthly basis approximately ten years after purchase. On or after January 22, 2021, Class C shares will automatically convert to Class A shares on a monthly basis approximately eight years after purchase. Conversions will be effected at relative net asset value without the imposition of any additional sales charge. Class C shares acquired through the reinvestment of dividends or distributions will be subject to conversion in accordance with the procedures utilized by the broker-dealer through which the Class C shares were purchased, to the extent such broker-dealer provides sub-accounting services to the Fund, otherwise the procedures utilized by Prudential Mutual Fund Services, LLC, or its affiliates, shall be used. Class C shares of a Fund acquired through automatic reinvestment of dividends or distributions will convert to Class A shares pro rata with the converting Class C shares that were not acquired through reinvestment of dividends or distributions.

Effective June 26, 2020, all issued and outstanding Class B shares of the Fund were converted to Class A shares of the Fund.

Approved: March 1, 2000 and November 14, 2018. Amended and Restated as of January 22, 2021.