18.Comment: The Forms N-CSR for Prudential Investment Portfolios 7 and Prudential Investment Portfolios, Inc. 15 contain outdated language in Item 11(b). Please use the updated language in future filings.
Response: In future filings, the Funds will include the updated language for Item 11(b).
19.Comment: For the Prudential's Gibraltar Fund, please explain whether Form N-CEN Item C.3.i. should have been checked indicating that the fund is an underlying fund to a variable annuity or variable life insurance contract. Please also explain why Thomas T. Mooney is listed as a Director in Item B.8. as he is not indicated as a Director in the annual report.
Response: Prudential's Gibraltar Fund is an underlying fund to a variable annuity or variable life insurance contract, and Thomas T. Mooney should have been removed from Item B.8. Both of these comments are noted and will be corrected in future filings.
20.Comment: Please verify the accuracy of the disclosure in Item C.3.b.ii.1 for the PGIM Quant Solutions International Developed Markets Index Fund, as the amount seems high. Provide the annualized difference between the Fund's total return during the reporting period and the index's return during the reporting period (i.e., the Fund's total return less the index's return) before fees and expenses.
Response: The correct value was -0.03% and will be properly updated in future filings.
21.Comment: Please explain why the following funds that waived distribution fees for the year did not
check Form N-CEN Item C.8.b: PGIM Jennison Utility Fund, PGIM Jennison Health Sciences Fund, PGIM Jennison Natural Resources Fund, PGIM Jennison MLP Fund, and Jennison Value Fund. Per Form N-CEN instruction: Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase. Per the Notes to Financial Statements: PIMS has contractually agreed through March 31, 2024 to limit such fees on certain classes based on the daily net assets.
Response: The response was an error. The Funds will make this correction in future filings.
22.Comment: Please explain why the following funds checked N-CEN Item C.7.n.ii., as the funds do not appear to be leveraged/inverse funds:
•PGIM California Muni Income Fund
•Prudential National Muni Fund, Inc.
•PGIM Short Duration High Yield Income Fund
•PGIM High Yield Fund
•PGIM ESG High Yield Fund
•PGIM Ultra Short Bond ETF
•PGIM Active High Yield Bond ETF
•PGIM Active Aggregate Bond ETF