Supplement dated September 20, 2019 

to the Currently Effective Prospectus
of the Funds Listed Below 

_____________________________________________________________________________________ 

The section of each Fund Prospectus entitled “How the Fund is Managed—Manager” is hereby amended by including the following additional disclosure: 

On September 16, 2019, PGIM Investments LLC (PGIM Investments), the investment manager for the Fund[s], and an affiliate, AST Investment Services, Inc. (ASTIS), reached a settlement with the SEC relating to certain former securities lending and foreign tax reclaim practices in connection with other funds that they manage.  The practices do not relate to the Fund[s] covered in this Prospectus.  PGIM Investments and ASTIS self-reported the practices to the SEC, revised its procedures, and made restitution payments to the affected funds.  Under the settlement, PGIM Investments and ASTIS agreed to pay to the SEC disgorgement of fees and a civil penalty.  The settlement does not relate to the Funds or affect PGIM Investments’ ability to manage the Funds. 

The Prudential Investment Portfolios, Inc.  PGIM Balanced Fund  PGIM Jennison Equity Opportunity Fund  PGIM Jennison Growth Fund  Prudential Investment Portfolios 2  PGIM Core Short Term Bond Fund  PGIM Core Ultra Short Bond Fund  PGIM Institutional Money Market Fund  PGIM QMA Commodity Strategies Fund  PGIM Core Conservative Bond Fund  PGIM Jennison Small-Cap Core Equity Fund  PGIM QMA Emerging Markets Equity Fund  PGIM QMA International Developed Markets Index Fund  PGIM QMA Mid-Cap Core Equity Fund  PGIM QMA US Broad Market Index Fund  PGIM TIPS Fund  Prudential Investment Portfolios 3  PGIM Global Dynamic Bond Fund  PGIM Jennison Focused Growth Fund  PGIM QMA Global Tactical Allocation Fund  PGIM QMA Large-Cap Value Fund  PGIM Real Assets Fund  PGIM Strategic Bond Fund  Prudential Investment Portfolios 4  PGIM Muni High Income Fund  Prudential Investment Portfolios 5  PGIM 60/40 Allocation Fund  PGIM Jennison Diversified Growth Fund  PGIM Jennison Rising Dividend Fund  Prudential Day One Income Fund  Prudential Day One 2010 Fund  Prudential Day One 2015 Fund  Prudential Day One 2020 Fund  Prudential Day One 2025 Fund  Prudential Day One 2030 Fund  Prudential Day One 2035 Fund  Prudential Day One 2040 Fund  Prudential Day One 2045 Fund  Prudential Day One 2050 Fund  Prudential Day One 2055 Fund  Prudential Day One 2060 Fund  Prudential Investment Portfolios 6  PGIM California Muni Income Fund  Prudential Investment Portfolios 7  PGIM Jennison Value Fund  Prudential Investment Portfolios 8  PGIM QMA Stock Index Fund  PGIM Securitized Credit Fund  Prudential Investment Portfolios 9  PGIM Absolute Return Bond Fund  PGIM International Bond Fund  PGIM QMA Large-Cap Core Equity Fund  PGIM Real Estate Income Fund  PGIM Select Real Estate Fund  Prudential Investment Portfolios, Inc. 10  PGIM Jennison Equity Income Fund  PGIM QMA Mid-Cap Value Fund  Prudential Investment Portfolios 12  PGIM Global Real Estate Fund  PGIM Jennison Technology Fund   PGIM QMA Large-Cap Core Equity PLUS Fund  PGIM QMA Long-Short Equity Fund  PGIM Short Duration Muni High Income Fund  PGIM US Real Estate Fund  Prudential Government Money Market Fund, Inc.
        PGIM Government Money Market Fund  Prudential Investment Portfolios, Inc. 14  PGIM Floating Rate Income Fund  PGIM Government Income Fund  Prudential Investment Portfolios, Inc. 15  PGIM High Yield Fund  PGIM Short Duration High Yield Income Fund  Prudential Investment Portfolios 16  PGIM Income Builder Fund  Prudential Investment Portfolios, Inc. 17  PGIM Short Duration Multi-Sector Bond Fund  PGIM Total Return Bond Fund  Prudential Investment Portfolios 18  PGIM Jennison 20/20 Focus Fund  PGIM Jennison MLP Fund  Prudential Global Total Return Fund, Inc.  PGIM Global Total Return Fund  PGIM Global Total Return (USD Hedged) 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 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 Emerging Markets Debt Hard Currency Fund  PGIM Emerging Markets Debt Local Currency Fund  PGIM Jennison Emerging Markets Equity Opportunities Fund  PGIM Jennison Global Infrastructure Fund  PGIM Jennison Global Opportunities Fund  PGIM Jennison International Opportunities Fund  PGIM QMA International Equity Fund  The Target Portfolio Trust  PGIM Core Bond Fund  PGIM Corporate Bond Fund  PGIM QMA Small-Cap Value Fund  PGIM ETF Trust  PGIM Ultra Short Bond ETF
PGIM Active High Yield Bond ETF
PGIM QMA Strategic Alpha International Equity ETF
PGIM QMA Strategic Alpha Large-Cap Core ETF
PGIM QMA Strategic Alpha Small-Cap Growth ETF
PGIM QMA Strategic Alpha Small-Cap Value ETF 

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