The Fund will be closed to most purchases (including automatic investment purchases) and exchanges on or about December 15, 2025. The Fund is expected to be liquidated on or about February 10, 2026. Please see the Fund's latest Supplement for more information. 

Barron’s Best Fund Families 2024

Barron’s Best Fund Families: Ranked #4 for best fund family over the 1-year period ended 12/31/2024, among 48 qualifying fund families based on asset- weighted returns.

Objective

Seeks long-term growth of capital. The Fund invests in small- and mid-sized companies outside the U.S. and may be appropriate for those looking for managers who can seek the best opportunities in non-U.S. small- and mid-sized companies without regional or sector restraints. 

Growth of $10,000

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. This chart represents historical performance and does not assume the effects of sales charges or varying fees and expenses of other share classes. If shown with sales charges or these other fees and expenses, performance could have been lower. It is not possible to invest directly in an index. Click here to view benchmark index definitions.

FUND INFORMATION
Style: SMID-Cap Growth
Total Net Assets: $14 Million
Dividends (Paid): Annually
Dividends (Accured):
Capital Gains: Annually
Fund Statistics
AS OF 10/31/2025
Name
Weight
Avg Weighted Market Cap ($mil) 15,215.80
Beta (since inception)
Standard Deviation (since inception) 15.24
Turnover Ratio (12-month %) 83.00

Barron's Information: PGIM Investments ranked 4 out of 48, 8 out of 47, 12 out of 46 firms for the 1-, 5-, and 10-year periods ended 12/31/2024, respectively.

PGIM Jennison International Small-Mid Cap Opportunities Fund (Class Z) Lipper total return ranking for the 1-, 3-, 5-, and 10-year periods as of 12/31/2024 for the International Small-Mid Cap Growth Funds category were: 6/168, 73/158, N/A, and N/A, respectively. 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. 

Class Z Lipper total return ranking for the 1-, 3-, 5-, and 10-year periods as of 6/30/2025: 137/143, 91/142, N/A, and N/A, respectively. Past Performance is no guarantee of future results.

*Used with permission. © 2025 Dow Jones & Company, Inc. Source: Barron’s, Feb. 27, 2025. Barron’s rankings are based on asset-weighted returns in funds in five categories: U.S. Equity; World Equity; Mixed Asset; Taxable Bond; and Tax-Exempt (each a “Barron’s ranking category”). Rankings also take into account an individual fund’s performance within its Lipper peer universe. Lipper calculated each fund’s net total return for the year ended Dec. 31, 2024, minus the effects of 12b-1 fees and sales charges. Each fund in the survey was given a percentile ranking, with 100 the highest and 1 the lowest in its category. That ranking measured how a fund compared with its peer “universe,” as tracked by Lipper, not just the funds in the survey. Individual fund scores were then multiplied by the 2024 weighting of their Barron’s ranking category as determined by the entire Lipper universe of funds. Those fund scores were then totaled, creating an overall score and ranking for each fund family in the survey in each Barron’s ranking category. To qualify for the ranking, firms must offer at least three active mutual funds or actively run ETFs in Lipper’s general U.S. Stock category; one in World Equity; and one Mixed Asset. They also need to offer at least two taxable bond funds and one national tax-exempt bond fund. All funds must have a track record of at least one year.

Risks of investing in the fund include but are not limited to the following: Foreign securities are subject to currency fluctuations and political uncertainty. Emerging market investments are subject to greater volatility and price declines. Growth style investing may subject the Fund to above-average fluctuations as a result of seeking higher than average capital growth. Small- and Mid-cap investments may be subject to more erratic market movements than large-cap stocks. Equity and equity-related securities may be subject to changes in value, and their values may be more volatile than those of other asset classes. Geographic concentration may cause the Fund’s performance to be closely tied to the market, economic, political, regulatory or other conditions in the countries or regions in which the fund invests. Investments in currency may result in a decline in the fund’s net asset value due to changes in exchange rates. As a non-diversified fund, the Fund may not be invested all sectors, so losses in one sector or security will have a greater impact on performance. There is no guarantee the Fund's objective will be achieved. Risks are more fully explained in the fund's prospectus.

Total Returns (%)

as of
RETURNS:
SALES CHARGE:
TOTAL RETURNS (%) WITH SALES CHARGE WITHOUT SALES CHARGE
Cumulative Average Annual
Class Ticker YTD 1-Yr 3-Yr 5-Yr 10-Yr Since Inception

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.

See Daily Returns for the PGIM Jennison International Small-Mid Cap Opportunities Fund.
See Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Jennison International Small-Mid Cap Opportunities Fund.

See Daily Returns for the PGIM Jennison International Small-Mid Cap Opportunities Fund.
See Quarterly SEC Standardized Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Jennison International Small-Mid Cap Opportunities Fund.

Fund Expenses
Maximum Sales Charge (%)
Class
Gross (%)
Net (%)
Date*
A 7.45 1.41 02/28/2026 5.50
C 34.28 2.16 02/28/2026 1.00
R6 4.18 1.11 02/28/2026
Z 4.26 1.16 02/28/2026

*This date represents the contractual reduction date through which the net expense ratio is in effect.

Total return describes the return to the investor after net operating expenses but before any sales charges are imposed. Morningstar Category Average is unmanaged, is based on the average return of all funds in this category, and does not take into consideration applicable sales charges. Unless noted otherwise, Morningstar Category Average and index returns reflect performance beginning the closest month-end date to the Fund's inception. Benchmark since inception average is based on Class Z inception date. SEC standardized return describes the return to the investor after net operating expense and 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 returns 1-year or less are cumulative.

Morningstar Foreign Small/Mid-Growth Category Average: Foreign small/mid-growth portfolios invest in international stocks that are smaller, growing faster, and higher-priced than other stocks. These portfolios primarily invest in stocks that fall in the bottom 30% of each economically integrated market (such as Europe or Asia ex-Japan). Growth is defined based on fast growth (high growth rates for earnings, sales, book value, and cash flow) and high valuations (high price ratios and low dividend yields). These portfolios typically will have less than 20% of assets invested in U.S. stocks.

 MSCI All Country World ex USA Small Mid Cap Index (MSCI ACWI ex USA SMID Cap Index) captures mid and small cap representation across 22 of 23 Developed Market (DM) countries (excluding the US) and 24 Emerging Markets countries. The index covers approximately 28% of the free float-adjusted market capitalization in each country. 

An investment cannot be made directly in an index or average. All indexes and averages are unmanaged.

Prices

AS OF 12/12/2025
Class
NAV ($)
NAV Change ($)
NAV Change (%)
POP ($)
Total Net Assets ($)
A 8.00 Loss -0.10 -1.23 8.47 179,122.36
C 7.75 Loss -0.11 -1.40 18,127.19
R6 8.09 Loss -0.10 -1.22 4,062,220.33
Z 8.08 Loss -0.10 -1.22 9,362,828.99

NAV (Net Asset Value) is the $U.S. value of a single share of a fund, excluding any sales charges. Change shows the change in $U.S. value over the previous day:Gain= Gain, Loss= Loss,  No Change = No Change.

See Prices of other PGIM Investments Mutual Funds.

52 Week High/Low

AS OF 12/12/2025
Class
52 Week High ($)
52 Week High Date
52 Week Low ($)
52 Week Low Date
A 8.62 06/30/2025 6.87 04/08/2025
C 8.39 06/30/2025 6.70 04/08/2025
R6 8.71 06/30/2025 6.94 04/08/2025
Z 8.70 06/30/2025 6.93 04/08/2025

For share classes less than one year old, the 52-week high and 52-week low NAVs are calculated from inception to the current date.

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.

This material must be preceded or accompanied by a current prospectus or summary prospectus. 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 prospectus or summary prospectus link above. Read them carefully before investing.

Portfolio Attributes

AS OF
Largest Holdings (% of Assets)
Embraer SA - ADR 4.6%
Celestica Inc. 3.6%
flatexDEGIRO AG 3.1%
HD Hyundai Electric Co Ltd. 3.1%
Stantec Inc. 3.1%
Coupang 3.1%
ASM International NV 2.8%
Jentech Precision Industrial Co Ltd. 2.7%
Prysmian 2.7%
AtkinsRealis Group Inc. 2.7%
Sector Breakdown (% of Assets)
Industry
Fund (% of Assets)
Industrials 34.1%
Information Technology 27.7%
Consumer Discretionary 14.3%
Financials 10.1%
Healthcare 2.1%
Real Estate 1.4%
Materials 1.2%
Communication Services 0.9%
Consumer Staples 0.5%
Cash/Equiv 7.7%
Country Concentration (% of Assets)
Canada 15.0%
South Korea 12.4%
Germany 7.0%
Taiwan 6.8%
Israel 6.5%
Switzerland 6.4%
Australia 5.6%
Brazil 4.6%
India 4.4%
Italy 3.9%
Other 19.6%
Cash/Equiv 7.7%
Fund Statistics
AS OF 10/31/2025
Fund Statistics
Years
Avg Weighted Market Cap ($mil) 15,215.80
Beta (since inception)
Standard Deviation (since inception) 15.24
Turnover Ratio (12-month %) 83

All data is unaudited and subject to change. Holdings/allocations may vary. This is not a recommendation to buy or sell any security listed. Largest holdings excludes cash, cash equivalents, money market funds and enhanced cash strategies. Totals may not sum due to rounding.

*Diversified sector represents real estate companies that own properties across multiple sectors.

Fund Holdings

AS OF 10/31/2025

Holdings are unaudited, may vary and are subject to change. Please refer to the Fund's annual report for audited holdings information. This is not a recommendation to buy or sell any security listed.

Value ($): Cash securities are calculated using market value and derivative securities are calculated using notional value.

Source: Bank of New York Mellon. Holdings are provided to Prudential Financial by the custodian bank and Prudential Financial is not responsible for any errors or omissions related to the holdings data.

© 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved.

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 prospectus or summary prospectus link above. 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. All are Prudential Financial affiliates. © 2025 Prudential Financial, Inc. and its related entities. PGIM, PGIM Investments, Jennison Associates, Jennison, 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.

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. 

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.

4072323 Ed. 12/2024

Security ID# (CUSIP/SEDOL)
Security Description
Ticker Symbol
Coupon Rate
Maturity Date
Shares/Notional
Value ($)
% of Portfolio
74440W862 (pipa070) Pgim Core Government Money Mar 4.12 12/01/2099 690,134.00 690,134.00 5.13
29082A107 Embraer Sa ERJ 9,737.00 627,841.00 4.67
15101Q207 Celestica Inc CLS 1,432.00 493,295.00 3.67
BYVQYG8 Flatexdegiro Ag FTK 11,310.00 429,010.00 3.19
22266T109 Coupang Inc CPNG 13,287.00 424,785.00 3.16
2854238 Stantec Inc STN 3,838.00 425,024.00 3.16
BD4HFR9 HD Hyundai Electric Co Ltd 267,260.00 700 425,282.00 3.16
5165294 ASM International Nv ASM 581 376,978.00 2.80
B3FJBY3 Jentech Precision Industrial Co Ltd 3,653.00 5,445.00 373,343.00 2.77
B1W4V69 Prysmian Spa PRY 3,557.00 370,866.00 2.76
BRJNZ47 Atkinsrealis Group Inc ATRL 5,247.00 370,026.00 2.75
BP0QDP8 Belimo Holding Ag BEAN 331 357,130.00 2.65
2577740 NOVA Ltd NVMI 1,033.00 356,013.00 2.65
6772671 Hanwha Aerospace Co Ltd 12,450.00 515 353,251.00 2.62
B01H720 KING Slide Works Co Ltd 2,059.00 2,569.00 340,808.00 2.53
BL5C4C7 Auto1 Group Se AG1 9,608.00 337,649.00 2.51
BFPM3C8 Hyundai Rotem Co Ltd 64,350.00 1,936.00 313,211.00 2.33
BN6JDH9 NEXT Vision Stabilized Systems Ltd NXSN 6,875.00 301,838.00 2.24
BPBK984 Itmax System Bhd ITMAX 276,531.00 299,742.00 2.23
B01FLQ6 ACS Actividades De Construccion Y Servic ACS 3,612.00 296,580.00 2.20
BMX6JW3 Jfrog Ltd FROG 5,833.00 276,950.00 2.06
7106354 NKT A/s NKT 2,095.00 234,515.00 1.74
BF52PL1 Netwealth Group Ltd NWL 10,661.00 214,584.00 1.59
6316121 Elite Material Co Ltd 2,383.00 4,817.00 211,638.00 1.57
6359881 Gamuda Bhd GAM 176,286.00 211,721.00 1.57
BYTP6J4 Kelly Partners Group Holdings Ltd KPG 33,656.00 210,191.00 1.56
B4TP9G2 Dollarama Inc DOL 1,591.00 206,805.00 1.54
BMGSDH9 Sportradar Group Ag SRAD 7,928.00 203,036.00 1.51
BMF1JR1 Genius Sports Ltd GENI 17,845.00 200,934.00 1.49
BMD6RR4 RENK Group Ag R3NK 2,524.00 192,167.00 1.43
BJMKSJ5 Firstservice Corp FSV 1,177.00 187,356.00 1.39
BD0CJ98 PARK Systems Corp 140,860.00 1,087.00 185,161.00 1.38
BMB2291 MAX Healthcare Institute Ltd MAXHEALT 13,905.00 179,789.00 1.34
BNM73Q6 Accelleron Industries Ag ACLN 2,192.00 179,680.00 1.34
6776349 Sanrio Co Ltd 8,136.00 3,845.00 177,940.00 1.32
BK5HCP4 TEL Aviv Stock Exchange Ltd TASE 7,202.00 167,655.00 1.25
B7K6D18 Brunello Cucinelli Spa BC 1,661.00 168,339.00 1.25
2566351 Fairfax Financial Holdings Ltd FFH 103 167,224.00 1.24
BD3DWQ6 BSE Ltd BSE 5,908.00 165,043.00 1.23
BYZ9NH7 Solar Industries India Ltd SOIL 1,055.00 164,834.00 1.22
6712611 Codan Ltd CDA 6,687.00 158,354.00 1.18
36118L106 FUTU Holdings Ltd FUTU 713 141,915.00 1.05
BPF0FP9 ON Holding Ag ONON 3,812.00 141,615.00 1.05
CURRENCY Currency 132,483.00 132,484.00 0.98
BN44P25 Baltic Classifieds Group Plc BCG 32,882.00 127,431.00 0.95
BTCJ267 Asker Healthcare Group Ab ASKER 11,563.00 104,768.00 0.78
BMY2ZT9 Definity Financial Corp DFY 2,130.00 99,092.00 0.74
053604104 Avepoint Inc AVPT 7,062.00 99,362.00 0.74
BKDT649 GFL Environmental Inc GFL 2,272.00 99,332.00 0.74
B8P4LP4 XERO Ltd XRO 1,006.00 95,172.00 0.71
6302410 Technology One Ltd TNE 3,892.00 93,735.00 0.70
B552PC2 Makemytrip Ltd MMYT 1,143.00 91,440.00 0.68
BNGJNT1 Topicus.com Inc TOI 698 68,677.00 0.51
BM9HHR1 Oddity Tech Ltd ODD 1,493.00 67,558.00 0.50
B5BSZB3 Nebius Group Nv NBIS 518 67,764.00 0.50
35FFTQ2JT3 Nok/usd Spot 20251103 00010 NOK 11/03/2025 -1,441,199.00 1,079.00 0.01
K3ED4J13I0 Hkd/usd Spot 20251103 00010 HKD 11/03/2025 -1,012,457.00 -5.00 0.00

The CUSIP information contained in pgimfunds.com and/or prudential.com consists of security identifiers and related descriptive information (“the CUSIP Database”) and is protected under the copyright laws and is licensed with permission from CUSIP Global Services (“CGS”), on behalf of the American Bankers Association (“ABA”).

VISITOR agrees and acknowledges that the CUSIP Database and the information contained therein is and shall remain valuable intellectual property owned by, or licensed to, CGS and ABA, and that no proprietary rights are being transferred to VISITOR in such materials or in any of the information contained therein by virtue of VISITOR’s use of Subscriber’s Web Site. Any use of the CUSIP Database by VISITOR outside of the clearing and settlement of transactions may require a license from CGS, along with an associated fee based on usage.

VISITOR agrees that misappropriation or misuse of such materials will cause serious damage to CGS and ABA, and that in such event, money damages may not constitute sufficient compensation to CGS and ABA; consequently, VISITOR agrees that in the event of any misappropriation or misuse, CGS and ABA shall have the right to obtain injunctive relief in addition to any other legal or financial remedies to which CGS and ABA may be entitled.

VISITOR agrees that VISITOR shall not publish or distribute in any medium the CUSIP Database or any substantial portion of the information contained therein or summaries or subsets thereof to any person or entity unless permitted by a direct agreement with CGS. VISITOR may not create or maintain a master file or database of CUSIP identifiers or descriptions for itself or any third party recipient that is intended to serve as a substitute for any CUSIP service.

VISITOR agrees not to:

(a) Violate the restrictions in any robot inclusion headers on the Subscriber Web Site or in any way bypass or circumvent any other measure employed to limit or prevent access to the CUSIP Database on the Subscriber Web Site;

(b) Violate the security of the Subscriber Web Site or attempt to gain unauthorized access to the Web Site, CUSIP Database, materials, information, computer systems or networks connected to Subscriber server, through hacking, password mining or any other means; or

(c) Interfere or attempt to interfere with the proper working of the Subscriber Web Site or any activities conducted on or through the Subscriber Web Site, including accessing any CUSIP Database, content or other information prior to the time that is intended to be available to the public on the Subscriber Web Site;

NEITHER CGS, ABA NOR ANY OF THEIR AFFILIATES MAKE ANY WARRANTIES, EXPRESS OR IMPLIED, AS TO THE ACCURACY, ADEQUACY OR COMPLETENESS OF ANY OF THE INFORMATION CONTAINED IN THE CUSIP DATABASE. ALL SUCH MATERIALS ARE PROVIDED TO VISITOR ON AN “AS IS” BASIS, WITHOUT ANY WARRANTIES AS TO MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE NOR WITH RESPECT TO THE RESULTS WHICH MAY BE OBTAINED FROM THE USE OF SUCH MATERIALS. NEITHER CGS, ABA NOR THEIR AFFILIATES SHALL HAVE ANY RESPONSIBILITY OR LIABILITY FOR ANY ERRORS OR OMISSIONS NOR SHALL THEY BE LIABLE FOR ANY DAMAGES, WHETHER DIRECT OR INDIRECT, SPECIAL OR CONSEQUENTIAL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN NO EVENT SHALL THE LIABILITY OF CGS, ABA OR ANY OF THEIR AFFILIATES PURSUANT TO ANY CAUSE OF ACTION, WHETHER IN CONTRACT, TORT, OR OTHERWISE, EXCEED THE FEE PAID BY VISITOR FOR ACCESS TO SUCH MATERIALS IN THE MONTH IN WHICH SUCH CAUSE OF ACTION IS ALLEGED TO HAVE ARISEN. FURTHERMORE, CGS AND ABA SHALL HAVE NO RESPONSIBILITY OR LIABILITY FOR DELAYS OR FAILURES DUE TO CIRCUMSTANCES BEYOND THEIR CONTROL.

VISITOR agrees that the foregoing terms and conditions shall survive any termination of its right of access to the materials identified above.

ABOUT

Jennison 50 Year Anniversary Logo

Jennison Associates is one of the nation's leading managers of growth, value, blend, and specialty equity strategies. It has earned a reputation for excellence by fulfilling the needs of clients for more than 50 years.

Mark Baribeau, John Donnelly, and Edward Duggan are the portfolio managers for the PGIM Jennison International Small-Mid Cap Opportunities Fund.

Mark Baribeau, CFA
Mark Baribeau, CFA

Managing Director, Head of Global Equity, and Global Equity Portfolio Manager

Jennison Associates

Mark Baribeau, CFA, is a managing director, Head of Global Equity, and Global Equity portfolio manager.

John Donnelly, CFA
John Donnelly, CFA

Managing Director, Global and International SMidcap Equity Portfolio Manager

Jennison Associates

John Donnelly, CFA, is a Managing Director, global and international smidcap equity portfolio manager.

Edward Duggan
Edward Duggan

Managing Director, Portfolio Manager

Jennison Associates

Edward Duggan is a portfolio manager for the global nextgen and international smid cap equity strategies.

Average weighted market capitalization is the average market capitalization of stocks in a fund, each weighted by its proportion of assets. Beta measures a fund's sensitivity to changes in the overall market relative to its benchmark. Standard deviation depicts how widely returns vary around its average and is used to understand the range of returns most likely for a given fund. A higher standard deviation generally implies greater volatility. Turnover Ratio is the rate of trading in a portfolio, higher values imply more frequent trading. Due to data availability, statistics may not be as of the current reporting period.

Enhanced cash strategies are variations on traditional money market vehicles. They are designed to provide liquidity and principal preservation, but with more of an emphasis on seeking returns that are superior to those of traditional money market offerings.

Source: Benchmarks - Lipper Inc.; Statistics - Morningstar Inc.; Sector classification - S&P/MSCI. *This figure is comprised of companies that have been classified by S&P/MSCI GICS or classified by Jennison Associates LLC. Companies classified by Jennison Associates LLC are not sponsored by the S&P/MSCI GICS classification system. All other data from PGIM, Inc. (PGIM).

© 2025 Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results.

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.

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 prospectus or summary prospectus link above. 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. All are Prudential Financial affiliates. © 2025 Prudential Financial, Inc. and its related entities. PGIM, PGIM Investments, Jennison Associates, Jennison, 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.

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. 

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.

4653879    Ed. 07/2025

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