#1 Short High Yield Bond Fund – PGIM Short Duration High Yield Income Fund
2021 Lipper Award Winner: 3-year period ended 11/30/2020 (Class R6)
PGIM Investments is honored to receive four 2021 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 three-or 10-year period ended November 30, 2020:
From Lipper Fund Awards from Refinitiv, ©2021 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, ©2021 Refinitiv. All rights reserved. Used under license.
PGIM Short Duration High Yield Income Fund #1 Short High Yield Fund (Class R6) for the 3-year period out of 48 funds ended 11/30/20.
Class R6 total return ranking for the 1-year period: 20 out of 55 funds; 5-year period: 6 out of 44 funds as of 11/30/20. As of April 30, 2021, the R6 total return ranking for the 1, 3, and 5 years was 15 out of 65, 2 out of 49, and 8 out of 44 respectively. Inception date: Class R6: 10/27/14.
PGIM Select Real Estate Fund #1 Global Real Estate Fund (Class R6) for the 3-year period out of 148 funds ended 11/30/20.
Class R6 total return ranking for the 1-year period: 6 out of 168 funds; 5-year period: 7 out of 133 funds as of 11/30/20. Inception date: Class Z: 8/1/2014. As of April 30, 2021, the R6 total return ranking for the 1, 3, and 5 years was 56 out of 166, 3 out of 160, and 3 out of 137 respectively.
PGIM International Bond Fund #1 International Income Fund (Class R6) for the 3-year period out of 96 funds ended 11/30/20.
Class R6 total return ranking for the 1-year period: 58 out of 112 funds as of 11/30/20. Inception date: Class R6: 12/14/16. As of April 30, 2021, the R6 total return ranking for 1 and 3 years was 61 out of 112, 4 out of 106 respectively.
PGIM Jennison Utility Fund #1 Utility Fund (Class Z) for the 10-year period out of 39 funds ended 11/30/20.
Class Z total return ranking for the 1-year period: 1 out of 57 funds; 3-year period: 4 out of 53 funds; 5-year period: 1 out of 51 funds as of 11/30/20. Inception date: Class Z: 3/1/96. As of April 30, 2021, the Class Z total return ranking for 1, 3, 5, and 10 years was 26 out of 57, 8 out of 54, 7 out of 52, and 9 out of 47 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 04/30/2021.
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. QMA is the primary business name of QMA LLC, a wholly owned subsidiary of PGIM. PGIM Fixed Income and PGIM Real Estate, are units of PGIM. © 2021 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.