This material is provided to program sponsors for informational or educational purposes only. To the extent any such recipient chooses to further disseminate this material to program participants, PGIM Investments and its affiliates assume no responsibility for compliance with any laws and rules associated with such further dissemination. Furthermore, receipt of this material by a program participant does not establish a relationship between any such program participant and PGIM Investments or any of its affiliates.   

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. Contact the PGIM Investments Sales Desk at (800) 257-3893 to obtain the prospectus and summary prospectus. Please read them carefully before investing.   

Investing involves risks. Some investments have more risk than others. The investment return and principal value of the model account will fluctuate and the investment, when sold, may be worth more or less than the original cost and it is possible to lose money. Past performance is not a guarantee of future results.   

Investment products are distributed by Prudential Investment Management Services LLC (PIMS), member FINRA and SIPC. PGIM Investments is a registered investment advisor and investment manager to PGIM registered investment companies. Jennison Associates and PGIM Custom Harvest are registered investment advisers. PGIM Quantitative Solutions is the primary business name of PGIM Quantitative Solutions LLC, a registered investment adviser. PGIM Fixed Income and PGIM Real Estate are units of PGIM, a registered investment adviser. All are Prudential Financial affiliates.  

Prudential Financial, Inc. is the 14th-largest investment manager (out of 411) in terms of global AUM based on the Pensions & Investments Top Money Managers list published on 6/10/2024. This ranking represents assets managed by Prudential Financial, Inc. as of 12/31/2023.