Performance

PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS.  AN INVESTOR COULD LOSE SOME OR ALL OF ITS INVESTMENT IN THE RELEVANT SUB-FUND. Net returns reflect the deduction of investment advisory fees and other expenses. Fund performance is as of the last Business Day of the month as defined in the Fund Supplement which may differ from the month end.

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Source: PGIM, Inc.

This is a financial promotion and qualified in its entirety by reference to the more complete information contained in the Company’s Fund Documents: Prospectus (the “Prospectus”), Supplement (the “Supplement”) and Key Investor Information Document (the “KIID”) or Key Information Document (the "KID"), depending on the jurisdiction. Capitalised terms used herein without definition have the respective meanings provided in the Prospectus, Supplement or KIID/KID, as applicable. Investors should read carefully the Prospectus, Supplement or KIID/KID (which is available at on this website) and should seek advice prior to making an investment. Investing in this Fund puts your capital at risk. You may lose some or all of your investment.

Risks

An investment in the Fund involves a high degree of risk, including the risk that the entire amount invested may be lost. The Fund is primarily designed to purchase certain investments, which will introduce significant risk to the Fund, including asset performance, price volatility, administrative risk and counterparty risk. No guarantee or representation is made that any Fund’s investment program will be successful, or that such Fund’s returns will exhibit low correlation with an investor’s traditional securities portfolio.

The Fund may be deemed to be a speculative investment and is not intended as a complete investment program. Investment in the Fund is suitable only for persons who can bear the economic risk of the loss of their investment and who meet the conditions set forth in the Fund Documents. There can be no assurances that the Fund will achieve its investment objective. Prospective and existing Shareholders should carefully consider the risks involved in an investment in the Fund, including, but not limited to, those discussed in the Fund Documents. Prospective and existing Shareholders should consult their own legal, tax and financial advisors about the risks of an investment in the Fund. Any such risk could have a material adverse effect on the Fund and its Shareholders.

Where an investor's own currency is different to the currency of the fund, the return on investment may be affected by fluctuations in the currency exchange rate.
It is possible that some funds may have a highly volatile Net Asset Value (NAV).

3318338 Ed. 01/2024