497 1 f7679d1.htm 497

Supplement dated December 18, 2020 

to the Currently Effective Prospectus of the Funds Listed Below 

  

This supplement should be read in conjunction with your Summary Prospectus, Statutory Prospectus and Statement of Additional Information, be retained for future reference and is in addition to any existing Fund supplements. 

  

Effective immediately, Appendix A in each Fund’s Prospectus is amended and restated to read as follows. 

  

APPENDIX A: WAIVERS AND DISCOUNTS AVAILABLE FROM CERTAIN FINANCIAL INTERMEDIARIES  

The availability of certain sales charge waivers and discounts will depend on whether you purchase your shares directly from the Fund or through a financial intermediary. Intermediaries may have different policies and procedures regarding the availability of front-end sales load waivers or contingent deferred sales charge (CDSC) waivers (i.e., back-end), which are discussed below. In all instances, it is the purchaser's responsibility to notify the Fund or the purchaser's financial intermediary at the time of purchase of any relationship or other facts qualifying the purchaser for sales charge waivers or discounts. For waivers and discounts not available through a particular intermediary, shareholders will have to purchase Fund shares through the applicable intermediary to receive these waivers or discounts.  

  

Merrill Lynch 

Shareholders purchasing Fund shares through a Merrill Lynch platform or account are eligible only for the following load waivers (front-end sales charge waivers and contingent deferred, or back-end, sales charge waivers) and discounts, as applicable, which may differ from those disclosed elsewhere in this Fund's Prospectus or SAI.  

Front-end Sales Load Waivers on Class A Shares available at Merrill Lynch  

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Employer-sponsored retirement, deferred compensation and employee benefit plans (including health savings accounts) and trusts used to fund those plans, provided that the shares are not held in a commission-based brokerage account and shares are held for the benefit of the plan  

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Shares purchased by a 529 Plan (does not include 529 Plan units or 529-specific share classes or equivalents)  

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Shares purchased through a Merrill Lynch affiliated investment advisory program  

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Shares exchanged due to the holdings moving from a Merrill Lynch affiliated investment advisory program to a Merrill Lynch brokerage (non-advisory) account pursuant to Merrill Lynch’s policies relating to sales load discounts and waivers  

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Shares purchased by third party investment advisors on behalf of their advisory clients through Merrill Lynch’s platform  

■  

Shares of funds purchased through the Merrill Edge Self-Directed platform  

■  

Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the fund family)  

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Shares exchanged from Class C (i.e. level-load) shares of the same fund pursuant to Merrill Lynch’s policies relating to sales load discounts and waivers  

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Employees and registered representatives of Merrill Lynch or its affiliates and their family members  

■  

Directors or Trustees of the Fund, and employees of the Fund’s investment adviser or any of its affiliates, as described in this Prospectus  

■  

Eligible shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (known as Rights of Reinstatement). Automated transactions (i.e. systematic purchases and withdrawals) and purchases made after shares are automatically sold to pay Merrill Lynch’s account maintenance fees are not eligible for reinstatement  

CDSC Waivers on Class A and C Shares available at Merrill Lynch  

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Death or disability of the shareholder  

■  

Shares sold as part of a systematic withdrawal plan as described in this Prospectus  

■  

Return of excess contributions from an IRA Account  

■  

Shares sold as part of a required minimum distribution for IRA and retirement accounts pursuant to the Internal Revenue Code  

■  

Shares sold to pay Merrill Lynch fees but only if the transaction is initiated by Merrill Lynch  

■  

Shares acquired through a Right of Reinstatement  

■  

Shares held in retirement brokerage accounts, that are exchanged for a lower cost share class due to transfer to certain fee based accounts or platforms  

■  

Shares received through an exchange due to the holdings moving from a Merrill Lynch affiliated investment advisory program to a Merrill Lynch brokerage (non-advisory) account pursuant to Merrill Lynch’s policies relating to sales load discounts and waivers  

Front-end load Discounts Available at Merrill Lynch: Breakpoints, Rights of Accumulation & Letters of Intent  

■  

Breakpoints as described in this Prospectus  

■  

Rights of Accumulation (ROA) which entitle shareholders to breakpoint discounts as described in the Fund’s Prospectus will be automatically calculated based on the aggregated holding of fund family assets held by accounts (including 529 program holdings, where applicable) within the purchaser’s household at Merrill Lynch. Eligible fund family assets not held at Merrill Lynch may be included in the ROA calculation only if the shareholder notifies his or her financial advisor about such assets  

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Letters of Intent (LOI) which allow for breakpoint discounts based on anticipated purchases within a fund family, through Merrill Lynch, over a 13-month period of time  

  

Morgan Stanley Wealth Management  

Shareholders purchasing Fund shares through a Morgan Stanley Wealth Management transactional brokerage account are eligible only for the following front-end sales charge waivers with respect to Class A shares, which may differ from and be more limited than those disclosed elsewhere in this Fund's Prospectus or SAI.  

Front-End Sales Charge Waivers on Class A Shares Available at Morgan Stanley Wealth Management  

■  

Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs, SAR-SEPs or Keogh plans  

■  

Morgan Stanley employee and employee-related accounts according to Morgan Stanley’s account linking rules  

■  

Shares purchased through reinvestment of dividends and capital gains distributions when purchasing shares of the same fund  

■  

Shares purchased through a Morgan Stanley self-directed brokerage account  

■  

Class C (i.e., level-load) shares that are no longer subject to a contingent deferred sales charge and are converted to Class A shares of the same fund pursuant to Morgan Stanley Wealth Management’s share class conversion program  

■  

Shares purchased from the proceeds of redemptions within the same fund family, provided (i) the repurchase occurs within 90 days following the redemption, (ii) the redemption and purchase occur in the same account, and (iii) redeemed shares were subject to a front-end or deferred sales charge.  

  

Ameriprise Financial  

Class A Shares Front-End Sales Charge Waivers Available at Ameriprise Financial  

The following information applies to Class A shares purchases if you have an account with or otherwise purchase Fund shares through Ameriprise Financial  

Shareholders purchasing Fund shares through an Ameriprise Financial platform or account are eligible for the following front-end sales charge waivers and discounts, which may differ from those disclosed elsewhere in this Fund's Prospectus or SAI.  

■  

Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs or SAR-SEPs.  

■  

Shares purchased through an Ameriprise Financial investment advisory program (if an Advisory or similar share class for such investment advisory program is not available).  

■  

Shares purchased by third party investment advisors on behalf of their advisory clients through Ameriprise Financial’s platform (if an Advisory or similar share class for such investment advisory program is not available).  

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Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the fund family).  

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Shares exchanged from Class C shares of the same fund in the month of or following the 10-year anniversary of the purchase date.  To the extent that this Prospectus elsewhere provides for a waiver with respect to such shares following a shorter holding period, that waiver will apply to exchanges following such shorter period. To the extent that this Prospectus elsewhere provides for a waiver with respect to exchanges of Class C shares for load waived shares, that waiver will also apply to such exchanges. 

■  

Employees and registered representatives of Ameriprise Financial or its affiliates and their immediate family members.  

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Shares purchased by or through qualified accounts (including IRAs, Coverdell Education Savings Accounts,  401(k)s, 403(b) TSCAs subject to ERISA and defined benefit plans) that are held by a covered family member, defined as an Ameriprise financial advisor and/or the advisor’s spouse, advisor’s lineal ascendant (mother, father, grandmother, grandfather, great grandmother, great grandfather), advisor’s lineal descendant (son, step-son, daughter, step-daughter, grandson, granddaughter, great grandson, great granddaughter) or any spouse of a covered family member who is a lineal descendant.  

■  

Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (i.e. Rights of Reinstatement).  

  

Raymond James & Associates, Inc., Raymond James Financial Services and each entity’s affiliates (“Raymond James”)  

Shareholders purchasing fund shares through a Raymond James platform or account, or through an introducing broker-dealer or independent registered investment adviser for which Raymond James provides trade execution, clearance, and/or custody services, will be eligible only for the following load waivers (front-end sales charge waivers and contingent deferred, or back-end, sales charge waivers) and discounts, which may differ from those disclosed elsewhere in this Fund’s Prospectus or SAI.  

Front-end sales load waivers on Class A shares available at Raymond James  

■  

Shares purchased in an investment advisory program.  

■  

Shares purchased within the same fund family through a systematic reinvestment of capital gains and dividend distributions.  

■  

Employees and registered representatives of Raymond James or its affiliates and their family members as designated by Raymond James.  

■  

Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (known as Rights of Reinstatement).  

■  

A shareholder in the Fund’s Class C shares will have their shares converted at net asset value to Class A shares (or the appropriate share class) of the Fund if the shares are no longer subject to a CDSC and the conversion is in line with the policies and procedures of Raymond James.  

CDSC Waivers on Classes A and C shares available at Raymond James  

■  

Death or disability of the shareholder.  

■  

Shares sold as part of a systematic withdrawal plan as described in the Fund’s Prospectus.  

■  

Return of excess contributions from an IRA Account.  

■  

Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching the qualified age based on applicable IRS regulations as described in the Fund’s Prospectus.  

■  

Shares sold to pay Raymond James fees but only if the transaction is initiated by Raymond James.  

■  

Shares acquired through a right of reinstatement.  

Front-end load discounts available at Raymond James: breakpoints, and/or rights of accumulation, and/or letters of intent  

■  

Breakpoints as described in this Prospectus.  

■  

Rights of accumulation which entitle shareholders to breakpoint discounts will be automatically calculated based on the aggregated holding of fund family assets held by accounts within the purchaser’s household at Raymond James. Eligible fund family assets not held at Raymond James may be included in the calculation of rights of accumulation only if the shareholder notifies his or her financial advisor about such assets.  

■  

Letters of intent which allow for breakpoint discounts based on anticipated purchases within a fund family, over a 13-month time period. Eligible fund family assets not held at Raymond James may be included in the calculation of letters of intent only if the shareholder notifies his or her financial advisor about such assets.  

  

Edward D. Jones & Co., L.P. (“Edward Jones”)  

Policies Regarding Transactions Through Edward Jones  

■  

Clients of Edward Jones (also referred to as “shareholders”) purchasing fund shares on the Edward Jones commission and fee-based platforms are eligible only for the following sales charge discounts (also referred to as “breakpoints”) and waivers, which can differ from discounts and waivers described elsewhere in this Fund’s Prospectus or statement of additional information (“SAI”) or through another broker-dealer. In all instances, it is the shareholder's responsibility to inform Edward Jones at the time of purchase of any relationship, holdings of the Fund or other facts qualifying the purchaser for breakpoints discounts or waivers. Edward Jones can ask for documentation of such circumstance. Shareholders should contact Edward Jones if they have questions regarding their eligibility for these discounts and waivers. 

Breakpoints  

·

Breakpoint pricing, otherwise known as volume pricing, at dollar thresholds as described in this Fund’s Prospectus. 

Rights of Accumulation (“ROA”)  

■  

The applicable sales charge on a purchase of Class A shares is determined by taking into account all share classes (except certain money market funds and any assets held in group retirement plans) of PGIM Funds held by the shareholder or in an account grouped by Edward Jones with certain other related accounts for the purpose of providing certain pricing considerations (“pricing groups”). If grouping assets as a shareholder this includes all share classes held on the Edward Jones platform and/or held on another platform. The inclusion of eligible fund family assets in the ROA calculation is dependent on the shareholder notifying Edward Jones of such assets at the time of calculation. Money market funds are included only if such shares were sold with a sales charge at the time of purchase or acquired in exchange for shares purchased with a sales charge. 

■ 

The employer maintaining a SEP IRA plan and/or SIMPLE IRA plan may elect to establish or change ROA for the IRA accounts associated with the plan to a plan-level grouping as opposed to including all share classes at a shareholder or pricing group level. 

■  

ROA is determined by calculating the higher of cost minus redemptions or market value (current shares x NAV).  

Letter of Intent (“LOI”)  

■  

Through a LOI, shareholders can receive the sales charge and breakpoint discounts for purchases shareholders intend to make over a 13-month period from the date Edward Jones receives the LOI. The LOI is determined by calculating the higher of cost or market value of qualifying holdings at LOI initiation in combination with the value that the shareholder intends to buy over a 13-month period to calculate the front-end sales charge and any breakpoint discounts. Each purchase the shareholder makes during that 13-month period will receive the sales charge and breakpoint discount that applies to the total amount. The inclusion of eligible fund family assets in the LOI calculation is dependent on the shareholder notifying Edward Jones of such assets at the time of calculation. Purchases made before the LOI is received by Edward Jones are not adjusted under the LOI and will not reduce the sales charge previously paid. Sales charges will be adjusted if LOI is not met.  

■ 

If the employer maintaining a SEP IRA plan and/or SIMPLE IRA plan has elected to establish or change ROA for the IRA accounts associated with the plan to a plan-level grouping. LOIs will also be at the plan-level and may only be established by the employer. 

Sales Charge Waivers
Sales charges are waived for the following shareholders and in the following situations:  

■  

Associates of Edward Jones and its affiliates and their family members who are in the same pricing group (as determined by Edward Jones under its policies and procedures) as the associate. This waiver will continue for the remainder of the associate's life if the associate retires from Edward Jones in good-standing and remains in good standing pursuant to Edward Jones’ policies and procedures.  

■  

Shares purchased in an Edward Jones fee-based program.  

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Shares purchased through reinvestment of capital gains distributions and dividend reinvestment.  

■  

Shares purchased from the proceeds of redeemed shares of the same fund family so long as the following conditions are met: 1) the proceeds are from the sale of shares within 60 days of the purchase, and 2) the sale and purchase are made in the same share class and the same account or the purchase is made in an individual retirement account with proceeds from liquidations in a non-retirement account.  

■  

Shares exchanged into Class A shares from another share class so long as the exchange is into the same fund and was initiated at the discretion of Edward Jones. Edward Jones is responsible for any remaining CDSC due to the fund company, if applicable. Any future purchases are subject to the applicable sales charge as disclosed in the prospectus.  

■  

Exchanges from Class C shares to Class A shares of the same fund, generally, in the 84th month following the anniversary of the purchase date or earlier at the discretion of Edward Jones.  

Contingent Deferred Sales Charge (“CDSC”) Waivers
If the shareholder purchases shares that are subject to a CDSC and those shares are redeemed before the CDSC is expired, the shareholder is responsible to pay the CDSC except in the following conditions:  

■  

The death or disability of the shareholder  

■  

Systematic withdrawals with up to 10% per year of the account value  

■  

Return of excess contributions from an Individual Retirement Account (IRA)  

■  

Shares sold as part of a required minimum distribution for IRA and retirement accounts if the redemption is taken in or after the year the shareholder reaches qualified age based on applicable IRS regulations  

■  

Shares sold to pay Edward Jones fees or costs in such cases where the transaction is initiated by Edward Jones  

■  

Shares exchanged in an Edward Jones fee-based program  

■  

Shares acquired through NAV reinstatement  

Shares redeemed at the discretion of Edward Jones for Minimum Balances, as described below. 

Other Important Information Regarding Transactions Through Edward Jones
Minimum Purchase Amounts (Class A and Class C shares)  

■  

Initial purchase minimum: $250  

■  

Subsequent purchase minimum: none  

Minimum Balances  

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Edward Jones has the right to redeem at its discretion fund holdings with a balance of $250 or less. The following are examples of accounts that are not included in this policy:  

  

■  

A fee-based account held on an Edward Jones platform  

■  

A 529 account held on an Edward Jones platform  

■  

An account with an active systematic investment plan or (LOI)  

Exchanging Share Classes  

■  

Edward Jones has the authority to exchange at NAV a shareholder's holdings in a fund to Class A shares or such other share class based on Edward Jones’ policy.  

  

Janney Montgomery Scott LLC (“Janney”)  

Shareholders purchasing Fund shares through a Janney account are eligible only for the following load waivers (front-end sales charge waivers and contingent deferred, or back-end, sales charge waivers) and discounts, which may differ from those disclosed elsewhere in this Fund's Prospectus or SAI.  

Front-end sales charge waivers on Class A shares available at Janney  

■  

Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the fund family).  

■  

Shares purchased by employees and registered representatives of Janney or its affiliates and their family members as designated by Janney.  

■  

Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within ninety (90) days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (i.e., right of reinstatement).  

■  

Class C shares that are no longer subject to a contingent deferred sales charge and are converted to Class A shares of the same fund pursuant to Janney’s policies and procedures.  

Sales charge waivers on Class A and C shares available at Janney  

■  

Shares sold upon the death or disability of the shareholder.  

■  

Shares sold as part of a systematic withdrawal plan as described in the Fund’s Prospectus.  

■  

Shares purchased in connection with a return of excess contributions from an IRA account.  

■  

Shares sold as part of a required minimum distribution for IRA and other retirement accounts due to the shareholder reaching the qualified age based on applicable IRS regulations as described in the Fund’s Prospectus.  

■  

Shares sold to pay Janney fees but only if the transaction is initiated by Janney.  

■  

Shares acquired through a right of reinstatement.  

Front-end load discounts available at Janney: breakpoints, and/or rights of accumulation  

■  

Breakpoints as described in the Fund’s Prospectus.  

■  

Rights of accumulation (“ROA”), which entitle shareholders to breakpoint discounts, will be automatically calculated based on the aggregated holding of Fund family assets held by accounts within the purchaser’s household at Janney. Eligible fund family assets not held at Janney may be included in the ROA calculation only if the shareholder notifies his or her financial advisor about such assets.  

  

Oppenheimer & Co. Inc. (OPCO)  

Shareholders purchasing Fund shares through an OPCO platform or account will only be eligible for the following sales charge waivers (front-end sales charge waivers and contingent deferred sales charge (CDSC) waivers (i.e., back-end)) and discounts, which may differ from those disclosed elsewhere in this Prospectus or the SAI.  

Front-End Sales Charge Waivers on Class A share available at OPCO  

■  

Employer-sponsored retirement, deferred compensation and employee benefit plans (including health savings accounts) and trusts used to fund those plans, provided that the shares are not held in a commission-based brokerage account and shares are held for the benefit of the plan  

■  

Shares purchased by or through a 529 Plan  

■  

Shares purchased through an OPCO affiliated investment advisory program  

■  

Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the PGIM fund family)  

■  

Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (known as Rights of Reinstatement)  

■  

A shareholder in the Fund’s Class C shares will have their shares converted at net asset value to Class A shares (or the appropriate share class) of the Fund if the shares are no longer subject to a CDSC and the conversion is in line with the policies and procedures of OPCO  

■  

Employees and registered representatives of OPCO or its affiliates and their family members  

■  

Directors or Trustees of the Fund, and employees of the Fund’s investment adviser or any of its affiliates, as described in this Prospectus  

Contingent Deferred Sales Charge (CDSC) Waivers available at OPCO  

■  

The death or disability of the shareholder  

■  

Shares sold as part of a systematic withdrawal plan as described in this Prospectus  

■  

Return of excess contributions from an Individual Retirement Account (IRA)  

■  

Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching the qualified age based on applicable IRS regulations  

■  

Shares sold to pay OPCO fees but only if the transaction is initiated by OPCO  

■  

Shares acquired through a Right of Reinstatement  

Front-end load discounts available at OPCO: breakpoints and/or rights of accumulation  

■  

Breakpoints as described in this Prospectus  

■  

Rights of accumulation (ROA), which entitle shareholders to breakpoint discounts, will be automatically calculated based on the aggregated holding of Fund family assets held by accounts within the purchaser’s household at OPCO. Eligible Fund family assets not held at OPCO may be included in the ROA calculation only if the shareholder notifies his or her financial advisor about such assets  

  

RW Baird (Baird)  

Shareholders purchasing Fund shares through a Baird platform or account will only be eligible for the following sales charge waivers (front-end sales charge waivers and CDSC waivers) and discounts, which may differ from those disclosed elsewhere in this Prospectus or the SAI.  

Front-end sales charge waivers on Class A shares available at Baird.  

■  

Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund  

■  

Shares purchased by employees and registered representatives of Baird or its affiliates and their family members as designated by Baird  

■  

Shares purchased from the proceeds of redemptions from another PGIM Fund, provided (1) the repurchase occurs within ninety (90) days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales charge (known as Rights of Reinstatement)  

■  

A shareholder in the Fund's Class C Shares will have their shares converted at net asset value to Class A shares of the Fund if the shares are no longer subject to CDSC and the conversion is in line with the policies and procedures of Baird  

■  

Employer-sponsored retirement plans or charitable accounts in a transactional brokerage account at Baird, including 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans. For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs or SAR-SEPs  

Contingent Deferred Sales Charge (CDSC) waivers on Class A and C shares available at Baird  

■  

Shares sold upon the death or disability of the shareholder  

■  

Shares sold as part of a systematic withdrawal plan as described in this Prospectus  

■  

Shares purchased in connection with a return of excess contributions from an IRA account  

■  

Shares sold as part of a required minimum distribution for IRA and other retirement accounts due to the shareholder reaching the qualified age based on applicable IRS regulations  

■  

Shares sold to pay Baird fees but only if the transaction is initiated by Baird  

■  

Shares acquired through a Right of Reinstatement  

Front-end Sales Charge Discounts available at Baird: Breakpoints and/or Rights of Accumulation  

■  

Breakpoints as described in this Prospectus  

■  

Rights of accumulation (ROA), which entitle shareholders to breakpoint discounts, will be automatically calculated based on the aggregated holding of PGIM Fund assets held by accounts within the purchaser’s household at Baird. Eligible PGIM Fund assets not held at Baird may be included in the ROA calculation only if the shareholder notifies his or her financial advisor about such assets  

■  

Letters of Intent (LOI) which allow for breakpoint discounts based on anticipated purchases of PGIM Funds through Baird, over a 13-month period of time  

  

STIFEL, NICOLAUS & COMPANY, INCORPORATED (“STIFEL”) 

Shareholders purchasing Fund shares through a Stifel platform or account, or who own shares for which Stifel or an affiliate is the broker-dealer of record, are eligible for the following front-end sales charge waivers with respect to Class A shares, which may differ from and be more limited than those disclosed elsewhere in this Fund's Prospectus or SAI. All other waivers in the Fund’s prospectus or SAI apply as described. 

Front-End Sales Charge Waivers on Class A Shares  

■  

Class C (i.e., level-load) shares that are no longer subject to a contingent deferred sales charge and are converted to Class A shares of the same Fund (at net asset value per share) pursuant to policies and procedures of Stifel.  

  

LR1340  

PGIM INVESTMENTS FUNDS 

  

The Prudential Investment Portfolios, Inc. 

PGIM Balanced Fund 

PGIM Jennison Focused Value Fund 

PGIM Jennison Growth 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 Jennison Diversified Growth Fund 

PGIM Jennison Rising Dividend Fund 

Prudential Investment Portfolios 6 

PGIM California Muni Income Fund 

Prudential Investment Portfolios 7 

PGIM Jennison Value Fund 

Prudential Investment Portfolios 8 

PGIM Securitized Credit Fund 

PGIM QMA Stock Index 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 Global 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 Fund 

PGIM US Real Estate 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 Government Money Market Fund, Inc. 

PGIM Government Money Market 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