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 to outperform the Bloomberg US Treasury Inflation-Protected (TIPS) Index over full market cycles by investing in US Treasury Inflation-Protected Securities. 

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: Inflation Protected Bond
Total Net Assets: $62 Million
Dividends (Paid): Monthly
Dividends (Accrued): Daily
Capital Gains: Annually
Fund Statistics
AS OF 07/31/2025
Name
Weight
Average Maturity (years) 7.20
Duration (yrs) 6.50
Standard Deviation (3 year) 6.42

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 TIPS Fund (Class R6) Lipper total return ranking for the 1-, 3-, 5-, and 10-year periods as of 12/31/2024 for the Inflation Protected Bond Funds category were: 150/215, 118/196, 129/182, 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 R6 Lipper total return ranking for the 1-, 3-, 5-, and 10-year periods as of 6/30/2025: 160/234, 131/198, 121/182, 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.

The Fund actively and frequently trades its portfolio securities which can result in high portfolio turnover and correspondingly greater transaction and brokerage costs. The Fund may invest in Treasury Inflation-Protected Securities (TIPS) which are inflation-index bonds that may experience greater losses than other fixed income securities with similar durations; U.S. government and U.S. agency securities are subject to market risk, interest rate risk and credit risk. Fixed income investments are subject to interest rate risk, credit risk and prepayment risk and their value will decline as interest rates rise. Certain types of fixed income obligations also may be subject to call and redemption risk which is the risk that the issuer may call a bond held by the Fund for redemption before it matures and the Fund may lose income. The Fund may invest in mortgage-backed and asset-backed securities which are subject to prepayment risks, credit risk, interest rate risk, and liquidity and valuation risk; US treasury stripped securities do not make periodic interest payments and their value generally fluctuates more in response to interest rate movements than traditional bonds. The value of adjustable and floating rate securities may lag behind fixed rate securities when interest rates change. The Fund invests in foreign securities, which are subject to currency fluctuation and political uncertainty; derivative securities, which may carry market, credit, and liquidity risks. As a “fund of funds” investment option, the Fund could be subject to large scale redemption risk, from time to time and could be required to liquidate its assets at inopportune times or at a loss or depressed value. Diversification does not assure a profit against loss in declining markets. These risks may increase the Fund’s share price volatility. The Fund is also subject to the risks of: economic and market events, increased expenses, market disruption and geopolitical risks, and securities markets. The risk associated with the Fund are more fully explained in the prospectus and summary prospectus. There is no guarantee that the Fund’s objective will be achieved.

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 TIPS Fund.
See Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM TIPS Fund.

See Daily Returns for the PGIM TIPS Fund.
See Quarterly SEC Standardized Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM TIPS Fund.

 

Fund Expenses
Maximum Sales Charge (%)
Class
Gross (%)
Net (%)
Date*
R6 0.44 0.30 11/30/2025

*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 Inflation-Protected Bond Category Average: Inflation-protected bond portfolios invest primarily in debt securities that adjust their principal values in line with the rate of inflation. These bonds can be issued by any organization, but the U.S. Treasury is currently the largest issuer for these types of securities.

Bloomberg U.S. TIPS Index includes all publicly issued, U.S. Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment grade, and have $250 million or more of outstanding face value. 

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

Prices

AS OF 08/19/2025
Class
NAV ($)
NAV Change ($)
NAV Change (%)
POP ($)
Total Net Assets ($)
R6 8.40 Gain 0.01 0.12 61,957,695.67

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 08/19/2025
Class
52 Week High ($)
52 Week High Date
52 Week Low ($)
52 Week Low Date
R6 8.60 10/01/2024 8.21 01/14/2025

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.

Yields

AS OF 07/31/2025
Class SEC 30-Day Subsidized Yield (%) SEC 30-Day Unsubsidized Yield (%) Offer Distb. Yield (%) NAV Distb. Yield (%) SEC-30 Day Sub Taxable Equivalent Yield (%)
R6 - View Prospectus 3.92 3.66 4.25

See Yields of other PGIM Investments Mutual Funds.

The PGIM TIPS Fund invests in Treasury Inflation-Protected Securities (TIPS), securities issued by the U.S. Treasury that are designed to provide inflation protection to investors. TIPS are income-generating instruments whose interest and principal payments are adjusted for inflation. The SEC 30-day yields of the PGIM TIPS Fund include the positive or negative monthly change in inflation which is typically applied monthly to the principal of the TIPS bonds, and follows a designated inflation index, the Non Seasonally Adjusted Consumer Price Index (“NSA CPI”). The change in the NSA CPI can cause the yield to vary substantially from month to month. A higher yield can be attributable to the rise in inflation rate and might not be repeated. A lower or negative yield can be attributable to the fall in inflation rate and might not be repeated.

See Yields of other PGIM Investments Mutual Funds.

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 07/31/2025
Sector vs Benchmark
Sector
Fund (% of Assets)
Overweight Underweight
U.S. Govt Related 99.6% -0.4%
Treas 99.6% —%
Agency —% —%
MBS —% —%
Cash/Equiv 0.4% —%
Credit Quality (% of Assets)
AAA 95.1%
AA 4.4%
Cash/Equiv 0.4%
FUND STATISTICS
AS OF 07/31/2025
Average Maturity (years) 7.2
Duration (yrs) 6.5
Standard Deviation (3 year) 6.42

All data is unaudited and subject to change. Holdings/allocations may vary. This is not a recommendation to buy or sell any security listed. Total number of holdings based on issuers. Largest holdings exclude cash, cash equivalents, money market funds and enhanced cash strategies. Negative holdings reflect outstanding trades at period end.

Fund Holdings

AS OF 07/31/2025

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.

Shares of the funds are offered only to certain PGIM Investments funds.

Mutual fund investing involves risk. Some mutual funds have more risk than others. The investment return and principal value will fluctuate and shares when sold may be worth more or less than the original cost and it is possible to lose money. 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.

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. PGIM Fixed Income is a unit of PGIM, a registered investment advisor. PGIM Limited acts as a subadvisor to all fixed income funds. PGIM Limited is an indirect, wholly owned subsidiary of PGIM, Inc. (PGIM), the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. All are Prudential Financial affiliates. © 2025 Prudential Financial, Inc. and its related entities. PGIM, PGIM Investments, PGIM Fixed Income, PGIM Limited, 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
912828Z37 United States Treasury Inflation Indexed TII 0.13 01/15/2030 6,703,353.00 6,334,668.00 10.16
912810PS1 United States Treasury Inflation Indexed TII 2.38 01/15/2027 5,650,943.00 5,737,252.00 9.20
9128283R9 United States Treasury Inflation Indexed TII 0.5 01/15/2028 5,154,314.00 5,056,865.00 8.11
9128285W6 United States Treasury Inflation Indexed TII 0.88 01/15/2029 4,258,586.00 4,194,208.00 6.73
91282CGK1 United States Treasury Inflation Indexed TII 1.13 01/15/2033 3,674,642.00 3,506,986.00 5.62
91282CJY8 United States Treasury Inflation Indexed TII 1.75 01/15/2034 3,424,962.00 3,387,769.00 5.43
91282CML2 United States Treasury Inflation Indexed TII 2.13 01/15/2035 3,025,331.00 3,064,802.00 4.91
912810PZ5 United States Treasury Inflation Indexed TII 2.5 01/15/2029 2,822,373.00 2,933,944.00 4.70
91282CDX6 United States Treasury Inflation Indexed TII 0.13 01/15/2032 2,800,603.00 2,539,140.00 4.07
91282CHP9 United States Treasury Inflation Indexed TII 1.38 07/15/2033 2,370,973.00 2,298,176.00 3.69
91282CNB3 United States Treasury Inflation Indexed TII 1.63 04/15/2030 2,034,848.00 2,049,552.00 3.29
91282CEJ6 United States Treasury Inflation Indexed TII 0.13 04/15/2027 2,060,776.00 2,017,789.00 3.24
91282CBF7 United States Treasury Inflation Indexed TII 0.13 01/15/2031 2,049,934.00 1,901,153.00 3.05
912810TP3 United States Treasury Inflation Indexed TII 1.5 02/15/2053 2,146,678.00 1,671,054.00 2.68
91282CGW5 United States Treasury Inflation Indexed TII 1.25 04/15/2028 1,580,802.00 1,577,220.00 2.53
91282CLE9 United States Treasury Inflation Indexed TII 1.88 07/15/2034 1,418,905.00 1,417,131.00 2.27
912810PV4 United States Treasury Inflation Indexed TII 1.75 01/15/2028 1,381,023.00 1,396,451.00 2.24
912810QV3 United States Treasury Inflation Indexed TII 0.75 02/15/2042 1,536,473.00 1,185,304.00 1.90
912810RA8 United States Treasury Inflation Indexed TII 0.63 02/15/2043 1,447,147.00 1,067,949.00 1.71
91282CDC2 United States Treasury Inflation Indexed TII 0.13 10/15/2026 899,961.00 890,223.00 1.43
91282CMZ1 United States Treasury Note/bond T 3.88 04/30/2030 730,000.00 727,832.00 1.17
912810RR1 United States Treasury Inflation Indexed TII 1.0 02/15/2046 908,996.00 681,675.00 1.09
74440W862 (pipa070) Pgim Core Government Money Mar 4.41 12/01/2099 669,817.00 669,816.00 1.07
912810RF7 United States Treasury Inflation Indexed TII 1.38 02/15/2044 786,218.00 655,294.00 1.05
912810SM1 United States Treasury Inflation Indexed TII 0.25 02/15/2050 1,131,585.00 645,754.00 1.04
91282CEZ0 United States Treasury Inflation Indexed TII 0.63 07/15/2032 636,186.00 593,118.00 0.95
912810RL4 United States Treasury Inflation Indexed TII 0.75 02/15/2045 696,221.00 503,536.00 0.81
912828S50 United States Treasury Inflation Indexed TII 0.13 07/15/2026 489,505.00 485,719.00 0.78
91282CKL4 United States Treasury Inflation Indexed TII 2.13 04/15/2029 426,113.00 437,431.00 0.70
912810SG4 United States Treasury Inflation Indexed TII 1.0 02/15/2049 574,875.00 411,439.00 0.66
912810UH9 United States Treasury Inflation Indexed TII 2.38 02/15/2055 417,688.00 396,574.00 0.64
912810SB5 United States Treasury Inflation Indexed TII 1.0 02/15/2048 540,998.00 393,174.00 0.63
912810QP6 United States Treasury Inflation Indexed TII 2.13 02/15/2041 359,645.00 349,993.00 0.56
912828Y38 United States Treasury Inflation Indexed TII 0.75 07/15/2028 352,179.00 347,927.00 0.56
912810SV1 United States Treasury Inflation Indexed TII 0.13 02/15/2051 580,323.00 310,608.00 0.50
9128287D6 United States Treasury Inflation Indexed TII 0.25 07/15/2029 270,199.00 259,771.00 0.42
912810RW0 United States Treasury Inflation Indexed TII 0.88 02/15/2047 193,098.00 138,336.00 0.22
912810FH6 United States Treasury Inflation Indexed TII 3.88 04/15/2029 78,218.00 85,261.00 0.14
912810TY4 United States Treasury Inflation Indexed TII 2.13 02/15/2054 68,084.00 61,185.00 0.10
912810QF8 United States Treasury Inflation Indexed TII 2.13 02/15/2040 37,183.00 36,553.00 0.06
CURRENCY Currency -60,634.00 -60,634.00 -0.10

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;

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(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;

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ABOUT

PGIM Fixed Income, with $862 billion in assets under management as of March 31, 2025, is a global asset manager offering active solutions across all fixed income markets. The company has offices in Newark, N.J., London, Tokyo and Singapore. At PGIM Fixed Income we believe that research-driven security selection is the most consistent strategy for adding value to client portfolios. The firm complements that base strategy with active sector rotation, duration management, and superior trade execution. Risk budgeting is central to this approach. PGIM Limited is also a subadvisor on this fund. PGIM Limited is an indirect, wholly-owned subsidiary of PGIM, Inc. (“PGIM”), the principal asset management business of Prudential Financial, Inc. (“PFI”), a company incorporated and with its principal place of business in the United States.

Craig Dewling, Gary Wu, Robert Tipp, Mick Meyler, and Vivek Sahay of PGIM Fixed Income are primarily responsible for management of the PGIM TIPS Fund.

Craig Dewling
Craig Dewling

Co-Chief Investment Officer of PGIM Fixed Income

Craig Dewling is Co-Chief Investment Officer of PGIM Fixed Income.

Mick Meyler
Mick Meyler

Managing Director and Head of PGIM Fixed Income's Developed Market Rates Team

Mick Meyler is a Managing Director and Head of PGIM Fixed Income's Developed Market Rates team, specializing in government securities, futures and interest rate swaps/derivatives

Robert Tipp, CFA
Robert Tipp, CFA

Managing Director, Chief Investment Strategist, and Head of Global Bonds at PGIM Fixed Income

Robert Tipp, CFA, is a Managing Director, Chief Investment Strategist, and Head of Global Bonds at PGIM Fixed Income.

Gary Wu, CFA
Gary Wu, CFA

Principal and a U.S. Government Portfolio Manager for PGIM's Fixed Income Multi-Sector and Liquidity Team

|

PGIM Fixed Income

Gary Wu, CFA, is a Principal and a U.S. government portfolio manager for PGIM Fixed Income's Multi-Sector and Liquidity Team.

Vivek Sahay
Vivek Sahay

Principal and Portfolio Manager for PGIM Fixed Income's Developed Markets Rates Team

|

PGIM Fixed Income

Vivek Sahay is a Principal and portfolio manager for PGIM Fixed Income’s Developed Market Rates Team, focusing on relative value trading in government bonds, interest rate swaps, and volatility.

Average Maturity is the average time to maturity for a bond. Credit quality is calculated using the highest rating assigned by a nationally recognized statistical rating organization (NRSRO) such as Moody’s, S&P, or Fitch. The Not Rated category consists of securities that have not been rated by an NRSRO. Duration measures investment risk that takes into account both a bond's interest payments and its value to maturity. 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. Overweight/Underweights are benchmarked against the Bloomberg US Treasury Inflation-Protected (TIPS) Index, which includes all publicly issued, U.S. Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment grade, and have $250 million or more of outstanding face value.

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.; All other data from PGIM, Inc.

© 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.

BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). Bloomberg or Bloomberg’s licensors own all proprietary rights in the Bloomberg Indices. Bloomberg neither approves nor endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results obtained therefrom and, to the maximum extend allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.

Class R6 shares may be available to group retirement plans, institutional investors, and individuals through certain retirement, mutual fund wrap and asset allocation programs. 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. PGIM Fixed Income is a unit of PGIM, a registered investment advisor. PGIM Limited acts as a subadvisor to all fixed income funds. PGIM Limited is an indirect, wholly owned subsidiary of PGIM, Inc. (PGIM), the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. All are Prudential Financial affiliates. © 2025 Prudential Financial, Inc. and its related entities. PGIM, PGIM Investments, PGIM Fixed Income, PGIM Limited, 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.

4377038    Ed. 04/2025

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