Mutual Fund Performance

Mutual Funds Performance Table
				TOTAL RETURNS (%)								YIELDS (%)			EXPENSES (%)*
				Cumulative				Average Annual
Fund Name	Share Class	Ticker	NAV ($)	YTD	1 Mo	3 Mo	1 Yr	3 Yr	5 Yr	10 Yr	Since Inception	NAV Distr	SEC 30 Day Sub	SEC 30 Day Unsub	Gross	Net	My Funds
Absolute Return Bond
Fund Name Absolute Return Bond	Share Class Z	Share Class PADZX	NAV ($) 9.15	YTD 2.36	1 Mo 0.53	3 Mo 1.03	1 Yr 5.68	3 Yr 6.59	5 Yr 5.10	10 Yr 3.77	Since Inception 3.30 3/30/2011	NAV Distr 5.17	SEC 30 Day Sub 4.76	SEC 30 Day Unsub 4.75	Gross 0.73	Net 0.73
Balanced
Fund Name Balanced	Share Class Z	Share Class PABFX	NAV ($) 18.33	YTD 6.34	1 Mo 3.76	3 Mo 7.50	1 Yr 10.62	3 Yr 12.10	5 Yr 9.00	10 Yr 7.57	Since Inception 7.38 1/4/1993	NAV Distr —	SEC 30 Day Sub 2.34	SEC 30 Day Unsub 2.27	Gross 0.84	Net 0.78 1/31/2026
California Muni Income
Fund Name California Muni Income	Share Class Z	Share Class PCIZX	NAV ($) 9.73	YTD 0.96	1 Mo 0.68	3 Mo 0.38	1 Yr 2.35	3 Yr 2.76	5 Yr 0.94	10 Yr 2.15	Since Inception 4.22 9/18/1996	NAV Distr 3.19	SEC 30 Day Sub 3.50	SEC 30 Day Unsub 3.33	Gross 0.57	Net 0.39 12/31/2025
Core Bond
Fund Name Core Bond	Share Class Z	Share Class TAIBX	NAV ($) 8.62	YTD 3.02	1 Mo 1.64	3 Mo 1.23	1 Yr 6.25	3 Yr 3.12	5 Yr -0.38	10 Yr 1.97	Since Inception 4.60 1/5/1993	NAV Distr 4.42	SEC 30 Day Sub 4.44	SEC 30 Day Unsub 4.32	Gross 0.45	Net 0.33 11/30/2025
Corporate Bond
Fund Name Corporate Bond	Share Class Z	Share Class TGMBX	NAV ($) 9.93	YTD 3.07	1 Mo 1.85	3 Mo 1.60	1 Yr 6.41	3 Yr 4.43	5 Yr 0.28	10 Yr 2.89	Since Inception 4.80 1/5/1993	NAV Distr 3.97	SEC 30 Day Sub 4.50	SEC 30 Day Unsub 3.17	Gross 1.44	Net 0.55 11/30/2025
Emerging Markets Debt Hard Currency
Fund Name Emerging Markets Debt Hard Currency	Share Class Z	Share Class PDHVX	NAV ($) 6.96	YTD 5.61	1 Mo 2.87	3 Mo 3.54	1 Yr 10.43	3 Yr 9.16	5 Yr 2.22	10 Yr —	Since Inception 1.78 12/12/2017	NAV Distr 6.30	SEC 30 Day Sub 6.00	SEC 30 Day Unsub 5.87	Gross 1.06	Net 0.75 2/28/2026
Emerging Markets Debt Local Currency
Fund Name Emerging Markets Debt Local Currency	Share Class Z	Share Class EMDZX	NAV ($) 4.83	YTD 11.80	1 Mo 3.49	3 Mo 7.95	1 Yr 13.56	3 Yr 8.09	5 Yr 2.44	10 Yr 2.26	Since Inception 0.83 3/30/2011	NAV Distr 6.28	SEC 30 Day Sub 6.45	SEC 30 Day Unsub 5.41	Gross 1.17	Net 0.72 2/28/2026
Floating Rate Income
Fund Name Floating Rate Income	Share Class Z	Share Class FRFZX	NAV ($) 9.09	YTD 3.29	1 Mo 0.92	3 Mo 2.52	1 Yr 7.60	3 Yr 9.84	5 Yr 7.64	10 Yr 5.05	Since Inception 4.84 3/30/2011	NAV Distr 7.17	SEC 30 Day Sub 6.69	SEC 30 Day Unsub 6.57	Gross 0.97	Net 0.85 6/30/2026
Global Real Estate
Fund Name Global Real Estate	Share Class Z	Share Class PURZX	NAV ($) 20.16	YTD 6.09	1 Mo 1.19	3 Mo 5.37	1 Yr 11.92	3 Yr 5.18	5 Yr 5.39	10 Yr 4.11	Since Inception 7.28 5/5/1998	NAV Distr —	SEC 30 Day Sub 2.85	SEC 30 Day Unsub 2.85	Gross 0.97	Net 0.97
Global Total Return
Fund Name Global Total Return	Share Class Z	Share Class PZTRX	NAV ($) 5.31	YTD 8.29	1 Mo 2.19	3 Mo 5.68	1 Yr 10.95	3 Yr 5.84	5 Yr -0.64	10 Yr 2.39	Since Inception 4.16 3/17/1997	NAV Distr 3.68	SEC 30 Day Sub 4.20	SEC 30 Day Unsub 4.17	Gross 0.65	Net 0.63 2/28/2026
Global Total Return (USD Hedged)
Fund Name Global Total Return (USD Hedged)	Share Class Z	Share Class PHEZX	NAV ($) 8.63	YTD 3.80	1 Mo 1.26	3 Mo 2.32	1 Yr 7.42	3 Yr 6.21	5 Yr 0.51	10 Yr —	Since Inception 2.54 12/12/2017	NAV Distr 4.06	SEC 30 Day Sub 4.10	SEC 30 Day Unsub 3.34	Gross 1.02	Net 0.65 2/28/2026
Government Income
Fund Name Government Income	Share Class Z	Share Class PGVZX	NAV ($) 7.82	YTD 3.26	1 Mo 1.60	3 Mo 1.22	1 Yr 6.02	3 Yr 2.16	5 Yr -1.45	10 Yr 0.93	Since Inception 3.59 3/1/1996	NAV Distr 3.87	SEC 30 Day Sub 3.66	SEC 30 Day Unsub 3.38	Gross 0.69	Net 0.48 6/30/2026
Government Money Market
Fund Name Government Money Market	Share Class Z	Share Class PMZXX	NAV ($) 1.00	YTD 2.10	1 Mo 0.32	3 Mo 0.97	1 Yr 4.30	3 Yr 4.27	5 Yr 2.58	10 Yr 1.68	Since Inception 2.19 3/1/1996	NAV Distr —	SEC 30 Day Sub —	SEC 30 Day Unsub —	Gross 0.47	Net 0.47
High Yield
Fund Name High Yield	Share Class Z	Share Class PHYZX	NAV ($) 4.84	YTD 5.02	1 Mo 2.04	3 Mo 3.67	1 Yr 10.71	3 Yr 9.31	5 Yr 5.96	10 Yr 5.53	Since Inception 6.24 3/1/1996	NAV Distr 6.89	SEC 30 Day Sub 6.80	SEC 30 Day Unsub 6.80	Gross 0.51	Net 0.51
Income Builder
Fund Name Income Builder	Share Class Z	Share Class PDCZX	NAV ($) 10.13	YTD 7.84	1 Mo 2.97	3 Mo 4.94	1 Yr 15.16	3 Yr 11.65	5 Yr 8.98	10 Yr 5.71	Since Inception 5.73 11/18/1998	NAV Distr —	SEC 30 Day Sub 3.89	SEC 30 Day Unsub 3.09	Gross 1.51	Net 0.70 2/28/2026
Jennison Blend
Fund Name Jennison Blend	Share Class Z	Share Class PEQZX	NAV ($) 24.97	YTD 3.54	1 Mo 4.88	3 Mo 10.65	1 Yr 12.33	3 Yr 18.21	5 Yr 14.04	10 Yr 10.82	Since Inception 8.65 3/1/1996	NAV Distr —	SEC 30 Day Sub 0.73	SEC 30 Day Unsub 0.73	Gross 0.64	Net 0.64
Jennison Diversified Growth
Fund Name Jennison Diversified Growth	Share Class Z	Share Class TBDZX	NAV ($) 20.59	YTD 7.69	1 Mo 5.98	3 Mo 18.71	1 Yr 13.63	3 Yr 26.14	5 Yr 16.53	10 Yr —	Since Inception 16.89 9/27/2017	NAV Distr —	SEC 30 Day Sub —	SEC 30 Day Unsub —	Gross 0.78	Net 0.72 11/30/2025
Jennison Emerging Markets Equity Opportunities
Fund Name Jennison Emerging Markets Equity Opportunities	Share Class Z	Share Class PDEZX	NAV ($) 19.06	YTD 6.86	1 Mo 7.68	3 Mo 10.17	1 Yr 13.71	3 Yr 8.94	5 Yr 4.75	10 Yr 6.78	Since Inception 6.17 9/16/2014	NAV Distr —	SEC 30 Day Sub —	SEC 30 Day Unsub —	Gross 1.15	Net 1.05 2/28/2026
Jennison Energy Infrastructure
Fund Name Jennison Energy Infrastructure	Share Class Z	Share Class PRPZX	NAV ($) 6.32	YTD 4.79	1 Mo 3.53	3 Mo 0.41	1 Yr 21.39	3 Yr 21.67	5 Yr 24.33	10 Yr 5.01	Since Inception 5.50 12/18/2013	NAV Distr 6.71	SEC 30 Day Sub 3.72	SEC 30 Day Unsub 3.72	Gross 1.18	Net 1.18
Jennison Financial Services
Fund Name Jennison Financial Services	Share Class Z	Share Class PFSZX	NAV ($) 25.52	YTD 8.14	1 Mo 3.55	3 Mo 7.86	1 Yr 27.84	3 Yr 22.18	5 Yr 18.90	10 Yr 9.87	Since Inception 9.04 6/30/1999	NAV Distr —	SEC 30 Day Sub —	SEC 30 Day Unsub —	Gross 1.05	Net 1.05
Jennison Focused Growth
Fund Name Jennison Focused Growth	Share Class Z	Share Class SPFZX	NAV ($) 32.60	YTD 8.07	1 Mo 6.53	3 Mo 22.08	1 Yr 15.47	3 Yr 27.64	5 Yr 13.49	10 Yr 15.69	Since Inception 7.99 6/2/2000	NAV Distr —	SEC 30 Day Sub —	SEC 30 Day Unsub —	Gross 0.78	Net 0.75 6/30/2026
Jennison Focused Value
Fund Name Jennison Focused Value	Share Class Z	Share Class PJGZX	NAV ($) 22.55	YTD 6.15	1 Mo 5.68	3 Mo 6.73	1 Yr 14.42	3 Yr 18.18	5 Yr 15.79	10 Yr 8.93	Since Inception 9.97 11/7/1996	NAV Distr —	SEC 30 Day Sub —	SEC 30 Day Unsub —	Gross 0.87	Net 0.75 1/31/2026
Jennison Global Equity Income
Fund Name Jennison Global Equity Income	Share Class Z	Share Class JDEZX	NAV ($) 14.77	YTD 13.20	1 Mo 2.81	3 Mo 6.91	1 Yr 18.30	3 Yr 13.15	5 Yr 12.44	10 Yr 7.93	Since Inception 8.99 8/22/2008	NAV Distr —	SEC 30 Day Sub 2.64	SEC 30 Day Unsub 2.64	Gross 0.89	Net 0.89
Jennison Global Infrastructure
Fund Name Jennison Global Infrastructure	Share Class Z	Share Class PGJZX	NAV ($) 17.83	YTD 12.70	1 Mo 2.20	3 Mo 8.97	1 Yr 22.55	3 Yr 10.44	5 Yr 9.71	10 Yr 6.92	Since Inception 7.88 9/25/2013	NAV Distr —	SEC 30 Day Sub 1.76	SEC 30 Day Unsub 1.24	Gross 1.73	Net 1.17 2/28/2026
Jennison Global Opportunities
Fund Name Jennison Global Opportunities	Share Class Z	Share Class PRJZX	NAV ($) 46.99	YTD 3.00	1 Mo 5.95	3 Mo 17.23	1 Yr 5.65	3 Yr 20.73	5 Yr 10.37	10 Yr 13.44	Since Inception 13.81 3/14/2012	NAV Distr —	SEC 30 Day Sub —	SEC 30 Day Unsub —	Gross 0.92	Net 0.92
Jennison Growth
Fund Name Jennison Growth	Share Class Z	Share Class PJFZX	NAV ($) 75.10	YTD 8.14	1 Mo 5.75	3 Mo 19.68	1 Yr 16.34	3 Yr 27.85	5 Yr 15.27	10 Yr 16.06	Since Inception 10.91 4/15/1996	NAV Distr —	SEC 30 Day Sub —	SEC 30 Day Unsub —	Gross 0.69	Net 0.69
Jennison Health Sciences
Fund Name Jennison Health Sciences	Share Class Z	Share Class PHSZX	NAV ($) 41.31	YTD -3.13	1 Mo 3.88	3 Mo -2.41	1 Yr -7.63	3 Yr 7.81	5 Yr 6.98	10 Yr 5.94	Since Inception 13.58 6/30/1999	NAV Distr —	SEC 30 Day Sub —	SEC 30 Day Unsub —	Gross 0.86	Net 0.86
Jennison International Opportunities
Fund Name Jennison International Opportunities	Share Class Z	Share Class PWJZX	NAV ($) 34.42	YTD 13.96	1 Mo 4.05	3 Mo 16.03	1 Yr 11.62	3 Yr 15.00	5 Yr 7.17	10 Yr 9.72	Since Inception 10.50 6/5/2012	NAV Distr —	SEC 30 Day Sub —	SEC 30 Day Unsub —	Gross 0.95	Net 0.90 2/28/2026
Jennison International Small-Mid Cap Opportunities
Fund Name Jennison International Small-Mid Cap Opportunities	Share Class Z	Share Class PAINX	NAV ($) 8.42	YTD 2.06	1 Mo 4.07	3 Mo 15.08	1 Yr 7.67	3 Yr 11.79	5 Yr —	10 Yr —	Since Inception -3.55 9/14/2021	NAV Distr —	SEC 30 Day Sub —	SEC 30 Day Unsub —	Gross 4.26	Net 1.16 2/28/2026
Jennison Mid-Cap Growth
Fund Name Jennison Mid-Cap Growth	Share Class Z	Share Class PEGZX	NAV ($) 21.12	YTD -0.70	1 Mo 3.42	3 Mo 13.20	1 Yr 5.65	3 Yr 12.72	5 Yr 9.28	10 Yr 9.27	Since Inception 10.20 12/31/1996	NAV Distr —	SEC 30 Day Sub —	SEC 30 Day Unsub —	Gross 0.72	Net 0.72
Jennison Natural Resources
Fund Name Jennison Natural Resources	Share Class Z	Share Class PNRZX	NAV ($) 59.32	YTD 12.10	1 Mo 6.88	3 Mo 11.11	1 Yr 3.45	3 Yr 9.06	5 Yr 20.47	10 Yr 5.84	Since Inception 8.15 9/16/1996	NAV Distr —	SEC 30 Day Sub —	SEC 30 Day Unsub —	Gross 0.92	Net 0.92
Jennison NextGeneration Global Opportunities
Fund Name Jennison NextGeneration Global Opportunities	Share Class Z	Share Class PAHUX	NAV ($) 6.97	YTD -8.59	1 Mo 2.86	3 Mo 11.46	1 Yr -0.41	3 Yr 7.85	5 Yr —	10 Yr —	Since Inception -8.29 9/14/2021	NAV Distr —	SEC 30 Day Sub —	SEC 30 Day Unsub —	Gross 3.69	Net 1.06 2/28/2026
Jennison Rising Dividend
Fund Name Jennison Rising Dividend	Share Class Z	Share Class PJDZX	NAV ($) 18.10	YTD 9.67	1 Mo 3.87	3 Mo 6.74	1 Yr 13.87	3 Yr 12.22	5 Yr 13.85	10 Yr 10.55	Since Inception 10.42 3/5/2014	NAV Distr —	SEC 30 Day Sub 1.18	SEC 30 Day Unsub 0.78	Gross 1.33	Net 1.04 11/30/2025
Jennison Small Company
Fund Name Jennison Small Company	Share Class Z	Share Class PSCZX	NAV ($) 24.06	YTD -1.89	1 Mo 2.73	3 Mo 5.29	1 Yr 6.87	3 Yr 9.18	5 Yr 13.91	10 Yr 8.68	Since Inception 9.41 3/1/1996	NAV Distr —	SEC 30 Day Sub —	SEC 30 Day Unsub —	Gross 0.81	Net 0.81
Jennison Technology
Fund Name Jennison Technology	Share Class Z	Share Class PGKZX	NAV ($) 28.91	YTD 5.41	1 Mo 8.41	3 Mo 25.32	1 Yr 11.88	3 Yr 33.17	5 Yr 17.59	10 Yr —	Since Inception 19.20 6/19/2018	NAV Distr —	SEC 30 Day Sub —	SEC 30 Day Unsub —	Gross 1.45	Net 0.85 2/28/2026
Jennison Utility
Fund Name Jennison Utility	Share Class Z	Share Class PRUZX	NAV ($) 15.58	YTD 5.75	1 Mo 0.58	3 Mo 2.88	1 Yr 21.63	3 Yr 10.70	5 Yr 11.10	10 Yr 9.33	Since Inception 10.28 3/1/1996	NAV Distr —	SEC 30 Day Sub 2.08	SEC 30 Day Unsub 2.08	Gross 0.57	Net 0.57
Jennison Value
Fund Name Jennison Value	Share Class Z	Share Class PEIZX	NAV ($) 23.57	YTD 6.34	1 Mo 4.44	3 Mo 4.86	1 Yr 14.09	3 Yr 15.57	5 Yr 15.61	10 Yr 8.86	Since Inception 8.51 3/1/1996	NAV Distr —	SEC 30 Day Sub 1.54	SEC 30 Day Unsub 1.52	Gross 0.64	Net 0.60 12/31/2025
Muni High Income
Fund Name Muni High Income	Share Class Z	Share Class PHIZX	NAV ($) 9.07	YTD -1.19	1 Mo 0.58	3 Mo -0.75	1 Yr 1.15	3 Yr 3.80	5 Yr 1.65	10 Yr 3.02	Since Inception 4.51 9/16/1996	NAV Distr 4.34	SEC 30 Day Sub 4.49	SEC 30 Day Unsub 4.42	Gross 0.62	Net 0.58 12/31/2025
National Muni
Fund Name National Muni	Share Class Z	Share Class DNMZX	NAV ($) 13.71	YTD 0.80	1 Mo 0.65	3 Mo 0.35	1 Yr 2.17	3 Yr 2.96	5 Yr 1.04	10 Yr 2.27	Since Inception 3.64 1/22/1999	NAV Distr 3.46	SEC 30 Day Sub 3.75	SEC 30 Day Unsub 3.68	Gross 0.43	Net 0.36 12/31/2025
Quant Solutions Commodity Strategies
Fund Name Quant Solutions Commodity Strategies	Share Class Z	Share Class PQCZX	NAV ($) 7.01	YTD 6.19	1 Mo 2.68	3 Mo -3.77	1 Yr 3.54	3 Yr -0.96	5 Yr —	10 Yr —	Since Inception 5.97 12/14/2021	NAV Distr —	SEC 30 Day Sub —	SEC 30 Day Unsub —	Gross 5.23	Net 0.70 11/30/2025
Quant Solutions International Equity
Fund Name Quant Solutions International Equity	Share Class Z	Share Class PJIZX	NAV ($) 9.13	YTD 23.03	1 Mo 5.01	3 Mo 13.97	1 Yr 23.23	3 Yr 18.80	5 Yr 12.40	10 Yr 6.46	Since Inception 2.26 3/1/2000	NAV Distr —	SEC 30 Day Sub —	SEC 30 Day Unsub —	Gross 1.23	Net 1.01 2/28/2026
Quant Solutions Large-Cap Core
Fund Name Quant Solutions Large-Cap Core	Share Class Z	Share Class PTEZX	NAV ($) 22.89	YTD 4.74	1 Mo 4.87	3 Mo 10.83	1 Yr 11.70	3 Yr 18.85	5 Yr 16.13	10 Yr 12.51	Since Inception 7.95 3/3/1999	NAV Distr —	SEC 30 Day Sub —	SEC 30 Day Unsub —	Gross 0.56	Net 0.45 2/28/2026
Quant Solutions Large-Cap Index Fund
Fund Name Quant Solutions Large-Cap Index Fund	Share Class Z	Share Class PSIFX	NAV ($) 46.98	YTD 7.18	1 Mo 5.07	3 Mo 10.86	1 Yr 14.90	3 Yr 19.42	5 Yr 16.35	10 Yr 13.39	Since Inception 10.41 11/5/1992	NAV Distr —	SEC 30 Day Sub —	SEC 30 Day Unsub —	Gross 0.32	Net 0.25 1/31/2026
Quant Solutions Large-Cap Value
Fund Name Quant Solutions Large-Cap Value	Share Class Z	Share Class SUVZX	NAV ($) 12.84	YTD 6.63	1 Mo 3.60	3 Mo 5.63	1 Yr 12.84	3 Yr 10.85	5 Yr 15.28	10 Yr 7.69	Since Inception 6.36 3/30/2001	NAV Distr —	SEC 30 Day Sub —	SEC 30 Day Unsub —	Gross 0.95	Net 0.79 6/30/2026
Quant Solutions Mid-Cap Value
Fund Name Quant Solutions Mid-Cap Value	Share Class Z	Share Class SPVZX	NAV ($) 25.35	YTD 4.54	1 Mo 3.93	3 Mo 6.28	1 Yr 10.36	3 Yr 10.01	5 Yr 15.82	10 Yr 6.07	Since Inception 7.30 11/29/2005	NAV Distr —	SEC 30 Day Sub —	SEC 30 Day Unsub —	Gross 1.00	Net 0.89 2/28/2026
Quant Solutions Small-Cap Value
Fund Name Quant Solutions Small-Cap Value	Share Class Z	Share Class TASVX	NAV ($) 16.65	YTD 0.89	1 Mo 4.38	3 Mo 6.21	1 Yr 4.61	3 Yr 7.12	5 Yr 16.41	10 Yr 6.31	Since Inception 10.12 1/5/1993	NAV Distr —	SEC 30 Day Sub —	SEC 30 Day Unsub —	Gross 0.80	Net 0.79 11/30/2025
Real Assets
Fund Name Real Assets	Share Class Z	Share Class PUDZX	NAV ($) 9.65	YTD 6.63	1 Mo 1.89	3 Mo 2.06	1 Yr 11.29	3 Yr 5.95	5 Yr 8.82	10 Yr 4.66	Since Inception 3.86 12/30/2010	NAV Distr —	SEC 30 Day Sub 1.76	SEC 30 Day Unsub 0.90	Gross 1.86	Net 0.96 2/28/2026
Real Estate Income
Fund Name Real Estate Income	Share Class Z	Share Class PRKZX	NAV ($) 7.52	YTD 3.25	1 Mo 1.89	3 Mo 3.27	1 Yr 16.06	3 Yr 8.47	5 Yr 9.16	10 Yr 5.21	Since Inception 5.00 6/3/2015	NAV Distr —	SEC 30 Day Sub 4.37	SEC 30 Day Unsub 3.99	Gross 2.83	Net 1.10 2/28/2026
Securitized Credit
Fund Name Securitized Credit	Share Class Z	Share Class SCFZX	NAV ($) 9.74	YTD 2.81	1 Mo 0.56	3 Mo 1.47	1 Yr 6.51	3 Yr 7.97	5 Yr 6.16	10 Yr —	Since Inception 4.74 11/16/2015	NAV Distr 5.55	SEC 30 Day Sub 5.40	SEC 30 Day Unsub 5.30	Gross 0.83	Net 0.65 1/31/2026
Select Real Estate
Fund Name Select Real Estate	Share Class Z	Share Class SREZX	NAV ($) 13.44	YTD 5.27	1 Mo 1.64	3 Mo 5.91	1 Yr 12.33	3 Yr 6.27	5 Yr 6.55	10 Yr 6.88	Since Inception 6.51 8/1/2014	NAV Distr —	SEC 30 Day Sub 2.75	SEC 30 Day Unsub 2.70	Gross 1.10	Net 1.06 2/28/2026
Short Duration High Yield Income
Fund Name Short Duration High Yield Income	Share Class Z	Share Class HYSZX	NAV ($) 8.46	YTD 4.72	1 Mo 1.61	3 Mo 3.33	1 Yr 9.45	3 Yr 8.82	5 Yr 6.20	10 Yr 5.05	Since Inception 4.77 10/26/2012	NAV Distr 6.49	SEC 30 Day Sub 6.07	SEC 30 Day Unsub 5.98	Gross 0.82	Net 0.75 12/31/2025
Short Duration Multi-Sector Bond
Fund Name Short Duration Multi-Sector Bond	Share Class Z	Share Class SDMZX	NAV ($) 8.91	YTD 3.06	1 Mo 0.84	3 Mo 1.51	1 Yr 6.74	3 Yr 5.58	5 Yr 2.84	10 Yr 2.88	Since Inception 2.72 12/23/2013	NAV Distr 4.73	SEC 30 Day Sub 4.72	SEC 30 Day Unsub 4.66	Gross 0.45	Net 0.39 2/28/2026
Short Duration Muni
Fund Name Short Duration Muni	Share Class Z	Share Class PDSZX	NAV ($) 9.91	YTD 1.97	1 Mo 0.66	3 Mo 0.77	1 Yr 3.33	3 Yr 3.00	5 Yr 1.22	10 Yr 2.03	Since Inception 2.12 5/29/2014	NAV Distr 3.11	SEC 30 Day Sub 3.33	SEC 30 Day Unsub 3.16	Gross 0.51	Net 0.32 7/31/2026
Short-Term Corporate Bond
Fund Name Short-Term Corporate Bond	Share Class Z	Share Class PIFZX	NAV ($) 10.74	YTD 3.50	1 Mo 0.99	3 Mo 1.76	1 Yr 7.08	3 Yr 5.19	5 Yr 2.21	10 Yr 2.58	Since Inception 4.04 12/16/1996	NAV Distr 4.08	SEC 30 Day Sub 4.33	SEC 30 Day Unsub 4.30	Gross 0.50	Net 0.47 4/30/2026
Strategic Bond
Fund Name Strategic Bond	Share Class Z	Share Class PUCZX	NAV ($) 8.42	YTD 3.82	1 Mo 1.51	3 Mo 1.44	1 Yr 7.79	3 Yr 6.08	5 Yr 2.51	10 Yr —	Since Inception 4.09 7/9/2015	NAV Distr 5.30	SEC 30 Day Sub 5.52	SEC 30 Day Unsub 5.39	Gross 0.75	Net 0.62 6/30/2026
Total Return Bond
Fund Name Total Return Bond	Share Class Z	Share Class PDBZX	NAV ($) 11.87	YTD 3.30	1 Mo 1.75	3 Mo 1.35	1 Yr 6.51	3 Yr 4.01	5 Yr 0.18	10 Yr 2.56	Since Inception 4.85 9/16/1996	NAV Distr 4.79	SEC 30 Day Sub 4.77	SEC 30 Day Unsub 4.76	Gross 0.50	Net 0.49 2/28/2026
US Real Estate
Fund Name US Real Estate	Share Class Z	Share Class PJEZX	NAV ($) 15.36	YTD 1.42	1 Mo -0.06	3 Mo 0.22	1 Yr 11.55	3 Yr 7.25	5 Yr 9.50	10 Yr 7.77	Since Inception 8.55 12/21/2010	NAV Distr —	SEC 30 Day Sub 2.85	SEC 30 Day Unsub 2.83	Gross 1.11	Net 1.02 7/31/2026

Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost. The current maximum sales charges that may be applied to the funds listed below are Class A, 5.5% and Class C, 1.0%.

Mutual fund investing involves risks. Some mutual funds have more risks than others. The risks associated with each fund are explained more fully in each fund's respective prospectus or summary prospectus. The investment return and principal value will fluctuate and shares when sold may be worth more or less than the original cost. Fixed income investments are subject to interest rate risks, and their value will decline as interest rates rise. Asset Allocation does not assure a profit or protect against a loss in declining markets. There is no guarantee the Fund's objective will be achieved. Past performance is not a guarantee of future results.

PGIM Government Money Market Fund: You could lose money by investing in the Fund. Because the share price of the Fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. The Fund may impose a fee upon sale of your shares. The Fund generally must impose a fee when net sales of Fund shares exceed certain levels. An investment in the Fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor is not required to reimburse the Fund for losses, and you should not expect that the sponsor will provide financial support to the Fund at any time, including during periods of market stress.

You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor is not required to reimburse the Fund for losses, and you should not expect that the sponsor will provide financial support to the Fund at any time, including during periods of market stress.

The purchase of any investment product is not a condition to the provision or term of any banking service or activity.

Class R shares are closed to new investors. Class R2 shares and Class R4 shares are only offered for sale to group retirement plans available through a retirement recordkeeper or third party administrator. Class R6 and Z shares may be available to group retirement plans and institutional investors through certain retirement, mutual fund wrap and asset allocation programs. They may also be available to institutional investors. Class Z shares may be available through fee- or commission-based retail brokerage programs of certain financial intermediaries. Class A, C, and Z shares are generally closed to new retirement plans. Please see the prospectus for additional information about fees, expenses, and investor eligibility.

Source: PGIM, Inc. (PGIM). Please read each funds' current prospectus or summary prospectus for more detailed information regarding sales charge structure. Total returns without sales charges describes the return to the investor before any sales charges are imposed. If included, performance would be reduced. Total returns with sales charges describes the return to the investor after maximum sales charges are imposed. All returns assume share price changes, as well as the compounding effect of reinvested dividends and capital gains. Returns may reflect fee waivers and/or expense reimbursements. Without such, returns would be lower. All data is unaudited and subject to change. After-tax returns are calculated using the highest historical individual federal marginal income tax rates and exclude state and local taxes. Actual after-tax returns depend on an investor's tax situation. Returns shown do not apply to shares held in tax-deferred arrangements (i.e., 401(k), IRAs). For new funds and share classes, the performance data featured represents past performance for a period of less than one year. While past performance is never an indication of future results, short periods of performance may be particularly unrepresentative of long-term performance for certain types of funds.

Click on the fund name and navigate to the Fund Profile and click on the Prices & Performance tab for Benchmark and Category Average definitions.

*The Date represents the contractual reduction date through which the net expense ratio is in effect. PGIM Jennison MLP Fund: Gross operating expenses: Class A, 2.04%; Class C, 2.72%; Class R6, 1.80; Class Z, 1.67%. Net shown based on operating expenses after deferred income tax expense. Net operating expenses before deferred income tax expense and contractual reduction through 3/31/2022: Class A, 1.50; Class C 2.25%; Class Z 1.25%; Class R6, 1.20%.

Due to the Fund's repositioning, prior performance is not attributable to current investment strategies as of these dates for the following funds: PGIM Corporate Bond Fund (5/28/15), PGIM Core Bond Fund (2/17/15), PGIM Income Builder Fund (9/23/14), and PGIM Quant Solutions Small-Cap Value Fund (1/15/15).

Due to the Fund’s investment strategies, and name changed, prior performance is not attributable to current investment strategies as of these dates for the following funds: PGIM Jennison Focused Value Fund (12/18/19) and PGIM Global Equity Income Fund (12/18/19).

Consider a fund’s investment objectives, risks, charges and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. For more information about a fund, click on the fund name above to view/download a prospectus or summary prospectus. Read them carefully before investing.

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 PGIM registered investment companies. Jennison Associates is a registered investment advisor. PGIM Quantitative Solutions is the primary business name of PGIM Quantitative Solutions LLC, a registered investment advisor. PGIM Fixed Income and PGIM Real Estate are units of PGIM, a registered investment advisor. PGIM DC Solutions is a registered investment advisor. PGIM Limited acts as a subadvisor to all fixed income funds. PGIM Limited is an indirect, wholly owned subsidiary of PGIM, Inc. (PGIM), the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. All are Prudential Financial affiliates. © 2025 Prudential Financial, Inc. and its related entities. PGIM, PGIM Investments, Jennison Associates, Jennison, PGIM Fixed Income, PGIM Limited, PGIM Quantitative Solutions, PGIM Real Estate, PGIM DC Solutions and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation. Clients seeking information regarding their particular investment needs should contact their financial professional.

Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.

INVESTMENT PRODUCTS | Are not insured by the FDIC or any federal government agency | May lose value | Are not a deposit of or guaranteed by any bank or any bank affiliate.

4429501 Ed.04/2025