PGIM Funds HonoredPGIMFundsHonored

PGIM Target Date 2020 Fund #1 Mixed-Asset Target 2020 Fund (Class R6) for the 3-year period out of 128 funds, respectively ended 11/30/2023.  ​
Class R6 total return ranking for the 1-year period: 111 out of 139 funds; 5-year period: 50 out of 126 as of 11/30/2023. Inception date: Class R6: 12/13/2016. Lipper Funds category rankings are based on total return, do not take sales charges into account, and are calculated against all funds in each fund’s respective Lipper category. Lipper total return ranking for the 1-, 3-, and 5-year periods as of 12/31/2023 for the Mixed-Asset Target 2020 Fund category were: 113 out of 137, 5 out of 126, and 65 out of 124, respectively.​

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PGIM Absolute Return Bond Fund #1 Absolute Return Bond Fund (Class R6) for the 3-year period out of 86 funds, respectively ended 11/30/2023.  ​
Class R6 total return ranking for the 1-year period: 1 out of 87 funds; 5-year period: 10 out of 81 funds; 10-year period: 1 out of 46 funds as of 11/30/2023. Inception date: Class R6: 3/30/2011. Lipper Funds category rankings are based on total return, do not take sales charges into account, and are calculated against all funds in each fund’s respective Lipper category. Lipper total return ranking for the 1-, 3-, 5- and 10-year periods as of 12/31/2023 for the Absolute Return Bond Fund category were: 23 out of 87, 2 out of 86, 19 out of 81, and 7 out of 48 funds, respectively.​

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PGIM Securitized Credit Fund #1 Alternative Credit Focus Fund (Class R6) for the 3-year period out of 93 funds, respectively ended 11/30/2023.  ​
Class R6 total return ranking for the 1-year period: 2 out of 106 funds as of 11/30/2023. Inception date: Class R6: 7/1/2019. Lipper Funds category rankings are based on total return, do not take sales charges into account, and are calculated against all funds in each fund’s respective Lipper category. Lipper total return ranking for the 1-, and 3-year periods as of 12/31/2023 for the Alternative Credit Focus Fund category were: 30 out of 106, and 1 out of 95 funds, respectively.​

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PGIM U.S. Real Estate Fund #1 Real Estate Fund (Class Z) for the 3-year period out of 200 funds, respectively ended 11/30/2023.  ​
Class Z total return ranking for the 1-year period: 20 out of 243 funds; 5-year period: 10 out of 213 funds; 10-year period: 10 out of 150 as of 11/30/2023. Inception date: Class Z: 12/21/2010. Lipper Funds category rankings are based on total return, do not take sales charges into account, and are calculated against all funds in each fund’s respective Lipper category. Lipper total return ranking for the 1-, 3-, 5- and 10-year periods as of 12/31/2023 for the Real Estate Fund category were: 19 out of 242, 5 out of 231, 9 out of 213, and 11 out of 153 funds, respectively.​

The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is an objective, quantitative, risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the LSEG Lipper Fund Award. For more information, see lipperfundawards.com. Although LSEG Lipper makes reasonable efforts to ensure the accuracy and reliability of the data used to calculate the awards, their accuracy is not guaranteed. LSEG Lipper Fund Awards, ©2024 LSEG. All rights reserved. Used under license.

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Lipper category rankings are based on total return, do not include the effect of sales charges, and are calculated against all funds in each fund’s respective Lipper category as of 11/30/2023.​

Used with permission. ©2024 Dow Jones & Company, Inc. Source: Barron’s, Feb. 29, 2024. PGIM Investments ranked 3 out of 49, 13 out of 47, 10 out of 46 firms for the 1-, 5- and 10-year periods ended 12/31/2023, respectively. Barron’s rankings are based on asset-weighted returns in funds in five categories: U.S. Equity; World Equity; Mixed Asset; Taxable Bond; and Tax-Exempt (each a “Barron’s ranking category”). Rankings also take into account an individual fund’s performance within its Lipper peer universe. Lipper calculated each fund’s net total return for the year ended Dec. 31, 2023, minus the effects of 12b-1 fees and sales charges. Each fund in the survey was given a percentile ranking, with 100 the highest and 1 the lowest in its category. That ranking measured how a fund compared with its peer “universe,” as tracked by Lipper, not just the funds in the survey. Individual fund scores were then multiplied by the 2023 weighting of their Barron’s ranking category as determined by the entire Lipper universe of funds. Those fund scores were then totaled, creating an overall score and ranking for each fund family in the survey in each Barron’s ranking category. To qualify for the ranking, firms must offer at least three active mutual funds or actively run ETFs in Lipper’s general U.S. Stock category; one in World Equity; and one Mixed Asset. They also need to offer at least two taxable bond funds and one national tax-exempt bond fund. All funds must have a track record of at least one year. 

Consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus and the summary prospectus contain this and other information about the fund. Contact your financial professional for a prospectus and the summary prospectus. Read them carefully before investing.​

An investment in our money market funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the funds seek to preserve the value of your clients investment at $1.00 per share, it is possible to lose money by investing in the funds.

Investing involves risk. Some investments have more risk than others. The investment return and principal value will fluctuate and investor's shares when sold may be worth more or less than the original cost. Fixed income investments are subject to interest rate risk, and their value will decline as interest rates rise. Asset allocation and diversification do not assure a profit or protect against loss in declining markets. There is no guarantee a Fund's objectives will be achieved. The risks associated with each fund are explained more fully in each fund's respective prospectus. Your clients should consult with their attorney, accountant, and/or tax professional for advice concerning their particular situation.​

Investment products are distributed by Prudential Investment Management Services LLC, member FINRA and SIPC. PGIM Investments is a registered investment advisor and investment manager to all PGIM U.S. open-end investment companies. PGIM Quantitative Solutions, Jennison Associates and PGIM are registered investment advisors and Prudential Financial companies. PGIM Quantitative Solutions is the primary business name of PGIM Quantitative Solutions LLC, a wholly owned subsidiary of PGIM. PGIM Fixed Income and PGIM Real Estate are units of PGIM. ​

Investment Products: Are not insured by the FDIC or any other federal government agency, may lose value, and are not a deposit of or guaranteed by any bank or any bank affiliate.​