PGIM Funds recognized by LipperPGIMFundsrecognizedbyLipper

PGIM Investments is honored to receive five 2022 Refinitiv Lipper Fund Awards for mutual funds across multiple asset classes.

The following funds received awards for outstanding performance in their respective categories for the 5-or 10-year period ended November 30, 2021:

*See below for important disclosures.

 

*From Lipper Fund Awards from Refinitiv, ©2023 Refinitiv. All rights reserved. Used under license. The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. Lipper Leaders fund ratings do not constitute and are not intended to constitute investment advice or an offer to sell or the solicitation of an offer to buy any security of any entity in any jurisdiction. For more information, see lipperfundawards.com.

Lipper Award: In the Lipper Fund Awards, funds had to be registered for sale in the respective country as of the end of the year and the fund had to have at least 36 months of performance history as of the end of the evaluation year. S&P 500 Index funds, specialty diversified equity funds and specialty/miscellaneous funds were not eligible to receive classification awards. Rankings do not take sales charges into account. Past performance does not guarantee future results. Performance by share class may vary. Other share classes, which contain either a sales load or a contingent deferred sales charge, are also available. These expenses could lower total fund return. Please see the prospectus for additional information about fees, expenses and investor eligibility requirements. From Lipper Fund Awards from Refinitiv, ©2022 Refinitiv. All rights reserved. Used under license.
 

PGIM Short Duration High Yield Income Fund #1 Short High Yield Fund (Class R6) for the 5-year period out of 43 funds ended 11/30/2021.  Class R6 total return ranking for the 1-year period: 10 out of 64 funds; 3-year period: 2 out of 49 funds as of 11/30/2021. Inception date: Class R6: 10/27/14. 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 ranking for the 1-, 3- and 5-year periods as of 1/31/2022 for the Short High Yield Fund category were: 12 out of 63, 2 out of 49, and 2 out of 44 funds, respectively.

PGIM Select Real Estate Fund #1 Global Real Estate Fund (Class R6) for the 5-year period out of 138 funds ended 11/30/2021.  Class R6 total return ranking for the 1-year period: 32 out of 162 funds; 3-year period: 3 out of 161 funds as of 11/30/2021. Inception date: Class Z: 8/1/2014. 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 ranking for the 1-, 3- and 5-year periods as of 1/31/2022 for the Select Real Estate Fund for the global real estate category were 30 out of 161, 4 out of 160, and 2 out of 142 respectively..

PGIM U.S. Real Estate Fund #1 Real Estate Fund (Class Z) for the 5-year period out of 184 funds ended 11/30/2021.  Class Z total return ranking for the 1-year period: 16 out of 246 funds; 3-year period: 14 out of 231 funds, 10-year period: 20 out of 148 funds as of 11/30/2021. 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 ranking for the 1-, 3-, 5- and 10-year periods as of 1/31/2022 for the real estate category were 9 out of 251, 15 out of 232, 11 out of 202, and 19 out of 148 respectively.

PGIM Jennison Utility Fund #1 Utility Fund (Class Z) for the 5-year and 10-year period out of 41 and 39 funds, respectively ended 11/30/2021.  Class Z total return ranking for the 1-year period: 28 out of 57 funds; 3-year period: 1 out of 56 funds as of 11/30/2021. Inception date: Class Z: 3/1/1996. 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 ranking for the 1-, 3-, 5- and 10-year periods as of 1/31/2022 for the utility fund category were 45 out of 57, 3 out of 57, 8 out of 52, and 1 out of 57 respectively.

PGIM Jennison Emerging Markets Equity Opportunities Fund #1 Emerging Markets Fund (Class Z) for the 5-year period out of 535, respectively ended 11/30/2021.  Class Z total return ranking for the 1-year period: 73 out of 765 funds; 3-year period: 7 out of 694 funds as of 11/30/2021. Inception date: Class Z: 9/16/2014. 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 ranking for the 1-, 3- and 5-year periods as of 1/31/2022 for the emerging market category were 280 out of 767, and 586 out of 701 respectively.

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 11/30/2021.

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.

Mutual fund investing involves risk. Some mutual funds 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, a Prudential Financial company, member SIPC. Separately Managed Accounts are offered through our affiliates. Jennison Associates and PGIM, Inc. (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. © 2023 Prudential Financial, Inc. and its related entities. Jennison Associates, Jennison, PGIM Real Estate, PGIM and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

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.

 

1057991-00001-00 Ed. 3/2022