#1 Utility Fund – PGIM Jennison Utility Fund
2023 Lipper Award Winner: 5-year periods ended 11/30/2022 (Class Z)
The Refinitiv Lipper Fund Awards recognize funds that have excelled in delivering best-in-class risk-adjusted returns relative to their peers. This is the 13th consecutive year that PGIM Investments’ funds have received Lipper Awards.
PGIM Investments is honored to receive two 2023 Refinitiv Lipper Fund Awards for mutual funds across asset classes.
The following funds received awards for outstanding performance in their respective categories for the 5-year period ended November 30, 2022:
*See below for important disclosures.
2023 Lipper Award Winner: 5-year periods ended 11/30/2022 (Class Z)
2023 Lipper Award Winner: 5-year periods ended 11/30/2022 (Class R6)
PGIM Jennison Utility Fund #1 Utility Fund (Class Z) for the 5-year period out of 42 funds, respectively ended 11/30/2022.
Class Z total return ranking for the 1-year period: 29 out of 59 funds; 3-year period: 2 out of 56 funds; 10-year period: 3 out of 48 as of 11/30/2022. 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 total return ranking for the 1-, 3-, 5- and 10-year periods as of 12/31/2022 for the Utility Fund category were: 33 out of 56, 15 out of 56, 7 out of 52, and 7 out of 48 funds, respectively.
PGIM Jennison Natural Resources Fund #1 Global Natural Resources Fund (Class R6) for the 5-year period out of 48 funds, respectively ended 11/30/2022.
Class R6 total return ranking for the 1-year period: 20 out of 62 funds; 3-year period: 7 out of 57 funds; 10-year period: 17 out of 45 funds as of 11/30/2022. Inception date: Class R6: 12/27/2010. 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 12/31/2022 for the Global Natural Resources Fund category were: 20 out of 62, 10 out of 57, 10 out of 56, and 17 out of 45 funds, 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 11/30/2022.
The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating *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. From Lipper Fund Awards from Refinitiv, ©2024 Refinitiv. All rights reserved. Used under license. 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. 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. Rankings do not take sales charges into account. Past performance is no guarantee of future results.
Refinitiv Lipper Fund Awards, ©2024 Refinitiv. All rights reserved. Used under license.
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 the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund. There is no guarantee the Fund will be able to maintain a stable $1.00 NAV per share or that the Fund’s objective will be achieved.
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.
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.
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