Supplement
dated December 27, 2013 to the
current Prospectus of each of the Funds Listed Below
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Effective as of February 3, 2014, in the Prospectus of each Fund, the following new disclosure is added in the section entitled “How to Buy, Sell and Exchange Fund Shares:”
Waiver of the CDSC—Class A Shares
The CDSC will be waived if the Class A shares are sold:
· | After a shareholder is deceased or permanently disabled (or, in the case of a trust account, the death or disability of the grantor). This waiver applies to individual shareholders as well as shares held in joint tenancy, provided the shares were purchased before the death or permanent disability, |
· | To provide for certain distributions—made without IRS penalty—from a qualified or tax-deferred retirement plan, benefit plan, IRA or Section 403(b) custodial account, |
· | To withdraw excess contributions from a qualified or tax-deferred retirement plan, IRA or Section 403(b) custodial account, and |
· | For redemptions by certain retirement or benefit plans. |
For more information, see the SAI.
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Effective as of February 3, 2014, in the Prospectus of each Fund
that offers Class B shares, in the section entitled “How to Buy, Sell and Exchange Fund Shares, “the existing disclosure
entitled “Waiver of the CDSC—Class B Shares” is deleted and the following new disclosure is added:
Waiver of the CDSC—Class B Shares
The CDSC will be waived if the Class B shares are sold:
· | After a shareholder is deceased or permanently disabled (or, in the case of a trust account, the death or disability of the grantor). This waiver applies to individual shareholders as well as shares held in joint tenancy, provided the shares were purchased before the death or permanent disability, |
· | To provide for certain distributions—made without IRS penalty—from a qualified or tax-deferred retirement plan, benefit plan, IRA or Section 403(b) custodial account, |
· | To withdraw excess contributions from a qualified or tax-deferred retirement plan, IRA or Section 403(b) custodial account, and |
· | On certain redemptions effected through a Systematic Withdrawal Plan. |
For more information, see the SAI.
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Effective as of February 3, 2014, in the Prospectus of each Fund, in the section entitled “How to Buy, Sell and Exchange Fund Shares,” the existing disclosure entitled “Waiver of the CDSC—Class C Shares” is deleted and the following new disclosure is added:
Waiver of the CDSC—Class C Shares
The CDSC will be waived if the Class C shares are sold:
· | After a shareholder is deceased or permanently disabled (or, in the case of a trust account, the death or disability of the grantor). This waiver applies to individual shareholders as well as shares held in joint tenancy, provided the shares were purchased before the death or permanent disability, |
· | To provide for certain distributions—made without IRS penalty—from a qualified or tax-deferred retirement plan, benefit plan, IRA or Section 403(b) custodial account, |
· | To withdraw excess contributions from a qualified or tax-deferred retirement plan, IRA or Section 403(b) custodial account, and |
· | The CDSC will be waived for redemptions by certain group retirement plans for which Prudential or brokers not affiliated with Prudential provide administrative or record keeping services. The CDSC will also be waived for certain redemptions by benefit plans sponsored by Prudential and its affiliates. For more information, call Prudential Retirement at (800) 353-2847. |
Investment Company Name | Fund / Series Name |
Prudential Investment Portfolios 3 | Prudential Strategic Value Fund |
Prudential Jennison Select Growth Fund | |
Prudential Real Assets Fund | |
Prudential Jennison Market Neutral Fund | |
Prudential Investment Portfolios, Inc. 14 | Prudential Government Income Fund |
Prudential Floating Rate Income Fund | |
Prudential Investment Portfolios 12 | Prudential Global Real Estate Fund |
Prudential US Real Estate 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 MoneyMart Assets, Inc. | |
Prudential Investment Portfolios 6 | Prudential California Muni Income Fund |
Prudential Investment Portfolios, Inc. 15 | Prudential High Yield Fund |
Prudential Short Duration High Yield Income Fund | |
Prudential Investment Portfolios 16 | Prudential Defensive Equity Fund |
Target Conservative Allocation Fund | |
Prudential National Muni Fund, Inc. | |
Prudential Jennison Blend Fund, Inc. | |
Prudential Jennison Mid-Cap Growth Fund, Inc. | |
Prudential Investment Portfolios 7 | Prudential Jennison Value Fund |
Prudential Investment Portfolios 8 | Prudential Stock Index Fund |
The Prudential Investment Portfolios, Inc. | Prudential Asset Allocation Fund |
Prudential Jennison Equity Opportunity Fund | |
Prudential Jennison Growth Fund | |
Prudential Conservative Allocation Fund | |
Prudential Moderate Allocation Fund | |
Prudential Growth Allocation Fund | |
Prudential Jennison Small Company Fund, Inc. | |
Prudential Investment Portfolios 9 | Prudential Large-Cap Core Equity Fund |
Prudential International Real Estate Fund | |
Prudential Absolute Return Bond Fund | |
Prudential World Fund, Inc. | Prudential International Equity Fund |
Prudential International Value Fund | |
Prudential Emerging Markets Debt Local Currency Fund | |
Prudential Jennison Global Opportunities Fund | |
Prudential Jennison International Opportunities Fund | |
Prudential Jennison Global Infrastructure Fund | |
Prudential Investment Portfolios, Inc. 10 | Prudential Mid-Cap Value Fund |
Prudential Jennison Equity Income Fund | |
Prudential Jennison Natural Resources Fund, Inc. | |
Prudential Global Total Return Fund, Inc. | |
Prudential Investment Portfolios, Inc. 17 | Prudential Total Return Bond Fund |
Prudential Short Duration Multi-Sector Fund | |
Prudential Sector Funds, Inc. | Prudential Financial Services Fund |
Prudential Jennison Health Sciences Fund | |
Prudential Jennison Utility Fund | |
Prudential Short-Term Corporate Bond Fund, Inc. | |
Prudential Investment Portfolios 18 | Prudential Jennison 20/20 Focus Fund |
Prudential Jennison MLP Fund |
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