PGIM Investments grows Italian team with senior appointmentPGIMInvestmentsgrowsItalianteamwithseniorappointment

Alessandro Aspesi, head of Italy at PGIM Investments, commented: “I am very pleased to be welcoming Sebastiano to our growing business in Italy. Sebastiano has deep knowledge of the asset management industry in Italy gained through a long, established and respected career. He brings with him a wealth of experience and will partner with our clients and prospects to provide PGIM’s strategies and capabilities across a wide range of asset classes.”

PGIM Investments is the fund distribution arm of PGIM, the US$1.4 trillion global investment management business of U.S.-based Prudential Financial, Inc. Earlier in 2022, PGIM Investments further strengthened its commitment to Europe by establishing a local presence in Italy and Costa’s appointment is a natural evolution of PGIM Investments’ expanding foothold in the country. PGIM Investments also hired Claudia Corso as head of Client Marketing for Italy in April 2022.

ABOUT PGIM INVESTMENTS AND PGIM FUNDS

PGIM Investments offers more than 100 funds globally across a broad spectrum of asset classes and investment styles. All products draw on PGIM’s globally diversified investment platform that encompasses the expertise of managers across fixed income, equities and real estate.

PGIM Funds plc is an Ireland-domiciled UCITS umbrella fund serving institutional and wholesale investors across the globe. For a full list of funds available in your region, visit pgimfunds.com.

ABOUT PGIM

PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), a leading global investment manager with more than US$1.4 trillion in assets under management as of 31 March 2022.¹ With offices in 17 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate and alternatives. For more information about PGIM, visit pgim.com.

Prudential Financial, Inc. (PFI) 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. For more information please visit news.prudential.com.

In the United Kingdom, this is a financial promotion issued by PGIM Limited with registered office: Grand Buildings, 1-3 Strand, Trafalgar Square, London, WC2N 5HR. PGIM Limited is authorised and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Firm Reference Number 193418). In the European Economic Area (“EEA”), this financial promotion may be issued by PGIM Netherlands B.V., PGIM Limited or PGIM Real Estate Luxembourg S.A. depending on the jurisdiction. PGIM Netherlands B.V., with registered office at Gustav Mahlerlaan 1212, 1081 LA, 12/15/2022Amsterdam, The Netherlands, is authorised by the Autoriteit Financiële Markten (“AFM”) in the Netherlands (Registration number 15003620) and operates on the basis of a European passport. PGIM Real Estate Luxembourg S.A., with registered office at 2, boulevard de la Foire, L-1528 Luxembourg, is authorised and regulated by the Commission de Surveillance du Secteur Financier (the “CSSF”) in Luxembourg (registration number A00001218) and operating on the basis of a European passport. In certain EEA countries, this is a financial promotion, where permitted, presented by PGIM Limited in reliance of provisions, exemptions or licences available to PGIM Limited under temporary permission arrangements following the exit of the United Kingdom from the European Union. These materials are issued by PGIM Limited, PGIM Netherlands B.V. and/or PGIM Real Estate Luxembourg S.A. to persons in the UK who are professional clients as defined under the rules of the FCA and/or to persons in the EEA who are professional clients as defined in the relevant local implementation of Directive 2014/65/EU (MiFID II). Information for persons in Switzerland: The fund is distributed to qualified investors as defined in the Swiss Collective Investment Schemes Act of 23 June 2006 (“CISA”) and its implementing ordinance (“CISO”). This fund is also registered with the Swiss Financial Market Supervisory Authority (“FINMA”) in accordance with the CISA and the CISO for distribution to non-qualified investors. The fund is organised as an Undertaking for Collective Investment in Transferable Securities (“UCITS”) under the laws of Ireland and authorised as a UCITS by the Central Bank of Ireland. This fund may not be available or suitable for certain investors. Prospective investors may obtain the current prospectus, supplements, certificate of incorporation, KIIDs as well as the latest annual and semi-annual reports free of charge from the Swiss Representative and Paying Agent as well as at the registered office of PGIM Limited, 1-3 Strand, Grand Buildings, Trafalgar Square, London, WC2N 5HR, at the registered office of PGIM Netherlands B.V., Gustav Mahlerlaan 1212, 1081 LA, Amsterdam, The Netherlands and/or at the registered office of PGIM Real Estate Luxembourg S.A., 2, boulevard de la Foire, L-1528 Luxembourg. The Swiss Representative and Paying Agent is State Street Bank International GmbH, Munich, Zurich Branch, Beethovenstrasse 19, CH-8027, Zurich.

¹ Benchmarked AUM as of 30 Sept. 2021. Performance data represents PGIM public businesses’ (PQS, Jennison Associates, PGIM Fixed Income and PGIM Real Estate publicly traded REITS) compositive level. Eighty-one per cent of PGIM’s total public AUM is benchmarked. This calculation does not include non-benchmarked public assets, including general account assets and assets not managed by PGIM (AUA in QMA), as well as assets that are not managed within an investment composite (examples include futures and overlay strategies). PGIM’s public benchmarked AUM represents 55% and/or US$825.7 billion of PGIM’s total AUM (private and public assets) as of 30 Sept. 2021.

Performance is defined as outperformance (net of fees) of all PGIM public businesses benchmarked assets relative to each individual strategy’s respective benchmark(s). Net performance reflects the deduction of investment advisory fees and other expenses incurred in the management of advisory accounts. Performance fees vary across the PGIM businesses and reduce an investor’s net return reflecting a deduction of a model fee, which reflects the highest tier in the standard asset-based fee schedule, in effect for that respective period, and is net of transaction costs.

This is a financial promotion issued by PGIM Limited with registered office: Grand Buildings, 1-3 Strand, Trafalgar Square, London, WC2N 5HR, and Italian branch office: Via Filippo Turait, 38, 20121 Milan. PGIM Limited is authorised and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Firm Reference Number 193418), and with respect to its Italian operations by the Consob and Bank of Italy.

Past performance is not a reliable indicator of future results