Morningstar Bronze Logo
Class A, C, R6, Z
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.

MorningStar Rankings

AS OF 07/31/2025
1-Year
72%
232/310
3-Year
33%
112/298
5-Year
73%
210/267
10-Year
10%
13/180

Source: Morningstar. All rights reserved. Used with permission. Class Z shares inception: 3/14/2012. Morningstar rankings are based on total return, do not include the effects of sales charges, and are calculated against all funds in the Morningstar Global Large-Stock Growth category.

Past performance does not guarantee future results.

Objective

Seeks long-term growth of capital. The Fund invests in companies around the world, and may be appropriate for those looking for broad global diversification and are interested in managers who can seek the best equity opportunities without regional or benchmark 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: Multi-Cap Growth
Total Net Assets: $6.328 Billion
Dividends (Paid): Annually
Dividends (Accrued):
Capital Gains: Annually
Fund Statistics
AS OF 07/31/2025
Name
Weight
Average Weighted Market Cap ($mil) 293,950.43
Beta (3 year) 1.13
Standard Deviation (3 year) 19.33
Turnover Ratio (12-month %) 66.00

Morningstar rankings for 1-, 3-, 5- and 10-years are Class A: 236/310, 118/298, 212/267, and 14/180; Class C: 254/310, 150/298, 231/267, and 22/180; Class R2: 243/310, 127/298, 217/267, and N/A; Class R4: 237/310, 119/298, 211/267, and N/A; Class R6: 231/310, 107/298, 208/267, and 10/180; Class Z: 232/310, 112/298, 210/267,  and 13/180.

Morningstar rankings for 1-, 3-, 5- and 10-years are Class A: 323/338, 90/323, 212/285, and 14/193; Class C: 328/338, 101/323, 233/285, and 18/193; Class R2: 326/338, 95/323, 222/285, and N/A; Class R4: 324/338, 91/323, 211/285, and N/A; Class R6: 317/338, 79/323, 200/285, and 10/193; Class Z: 319/338, 88/323, 205/285, and 11/193.

 

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 Global Opportunities Fund (Class Z) Lipper total return ranking for the 1-, 3-, 5-, and 10-year periods as of 12/31/2024 for the Global Large-Cap Growth Funds category were: 45/216, 152/208, 3/198, and 6/140, 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: 186/201, 33/193, 137/183, and 10/130, 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 Morningstar Medalist RatingTM is the summary expression of Morningstar’s forward-looking investment strategies analysis offered via specific vehicles on a Gold, Silver, Bronze, Neutral, and Negative scale. These ratings indicate the investments Morningstar believes are likely to outperform a relevant index or peer group average on a risk-adjusted basis over time. Investments are evaluated on 3 pillars (People, Parent, and Process) which, when coupled with a fee assessment, form the basis for Morningstar’s conviction in those product’s investment merits and determine the assigned rating. Pillar ratings are Low, Below Average, Average, Above Average, and High, and are evaluated qualitatively (either directly to a covered vehicle or indirectly when a covered vehicle’s ratings are mapped to a related uncovered vehicle) or using algorithmic techniques. Vehicles are sorted by expected performance into rating groups defined by their Morningstar Category and active or passive status. Analysts who directly cover a vehicle assign the 3 pillar ratings based on their qualitative assessment, subject to Analyst Rating Committee oversight, and monitor and reevaluate them at least every 14 months. Vehicle ratings are assigned monthly when covered either indirectly by analysts or by algorithm. For more information, please visit www.global.morningstar.com/managerdisclosures/. Ratings are not statements of fact, nor are they credit or risk ratings. The Morningstar Medalist Rating (i) should not be used as the sole basis in evaluating an investment product, (ii) involves unknown risks and uncertainties which may cause expectations not to occur or to differ significantly from what was expected, (iii) are not guaranteed to be based on complete or accurate assumptions or models when determined algorithmically, (iv) involve the risk that the return target will not be met due to issues like unforeseen changes in management, technology, economic development, interest rate development, operating and/or material costs, competitive pressure, supervisory law, exchange rate, tax rates, exchange rate changes, and/or changes in political and social conditions, and (v) should not be considered an offer or solicitation to buy or sell the investment. Changes in underlying factors can mean the rating is subsequently no longer accurate. ‡Source: Morningstar.

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. 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. 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. 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. 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 Global Opportunities Fund.
See Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Jennison Global Opportunities Fund.

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

Fund Expenses
Maximum Sales Charge (%)
Class
Gross (%)
Net (%)
Date*
A 1.20 1.08 02/28/2026 5.50
C 1.91 1.91 1.00
R2 1.36 1.34 02/28/2026
R4 2.34 1.08 02/28/2026
R6 0.82 0.82
Z 0.92 0.92

*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 Global Large-Stock Growth Category Average: Global large-stock growth portfolios invest in a variety of international stocks and typically skew towards large caps that are more expensive or projected to grow faster than other global large-cap stocks. Global large stock growth portfolios have few geographical limitations. It is common for these portfolios to invest the majority of their assets in developed markets, with the remainder divided among the globe’s emerging markets. These portfolios are not significantly overweight U.S. equity exposure relative to the Morningstar Global Markets Index and maintain at least a 20% absolute U.S. exposure.

The Morningstar Global Markets Index measures the performance of large-, mid- and small-cap stocks in developed and emerging markets around the world, representing the top 97% of the investable universe by market capitalization.

MSCI All Country World ND Index is an unmanaged free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of developed and emerging markets. The MSCI ACWI consists of 47 country indexes comprising 23 developed and 24 emerging market country indexes.

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

Prices

AS OF 08/22/2025
Class
NAV ($)
NAV Change ($)
NAV Change (%)
POP ($)
Total Net Assets ($)
A 45.96 Gain 0.82 1.82 48.63 657,211,511.79
C 40.59 Gain 0.72 1.81 244,131,905.48
R2 46.20 Gain 0.82 1.81 16,981,863.08
R4 47.09 Gain 0.84 1.82 563,301.87
R6 47.92 Gain 0.86 1.83 2,256,106,313.08
Z 47.37 Gain 0.84 1.81 3,003,183,560.98

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 08/22/2025
Class
52 Week High ($)
52 Week High Date
52 Week Low ($)
52 Week Low Date
A 49.69 12/06/2024 35.49 04/08/2025
C 44.43 12/06/2024 31.44 04/08/2025
R2 50.03 12/06/2024 35.71 04/08/2025
R4 50.86 12/06/2024 36.36 04/08/2025
R6 51.62 12/06/2024 36.96 04/08/2025
Z 51.10 12/06/2024 36.56 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

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 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.

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
67066G104 Nvidia Corp NVDA 2,894,762.00 514,891,316.00 8.14
594918104 Microsoft Corp MSFT 801,641.00 427,675,473.00 6.76
30303M102 META Platforms Inc META 538,440.00 416,451,033.00 6.58
58733R102 Mercadolibre Inc MELI 113,711.00 269,937,405.00 4.27
BG0ZMJ9 Xiaomi Corp 1,810.00 36,768,877.00 247,379,233.00 3.91
64110L106 Netflix Inc NFLX 212,650.00 246,546,410.00 3.90
023135106 Amazon.com Inc AMZN 1,008,497.00 236,099,232.00 3.73
BFZ1K46 Spotify Technology Sa SPOT 341,449.00 213,931,456.00 3.38
BRC2T72 Galderma Group Ag GALD 1,387,249.00 213,800,233.00 3.38
82509L107 Shopify Inc SHOP 1,672,709.00 204,421,766.00 3.23
874039100 Taiwan Semiconductor Manufacturing Co Lt TSM 805,774.00 194,691,113.00 3.08
22788C105 Crowdstrike Holdings Inc CRWD 403,987.00 183,640,370.00 2.90
BD6G507 Ferrari Nv RACE 392,358.00 172,052,005.00 2.72
127387108 Cadence Design Systems Inc CDNS 469,472.00 171,155,407.00 2.71
81141R100 SEA Ltd SE 1,085,522.00 170,047,021.00 2.69
5253973 Hermes International Sca RMS 69,406.00 169,731,677.00 2.68
833445109 Snowflake Inc SNOW 739,810.00 165,347,535.00 2.61
81762P102 Servicenow Inc NOW 157,839.00 148,861,117.00 2.35
03831W108 Applovin Corp APP 370,187.00 144,632,060.00 2.29
6536651 BYD Co Ltd 1,211.00 9,883,054.00 144,301,066.00 2.28
037833100 Apple Inc AAPL 622,758.00 129,265,878.00 2.04
68389X105 Oracle Corp ORCL 476,342.00 120,881,309.00 1.91
22160K105 Costco Wholesale Corp COST 118,952.00 111,772,057.00 1.77
67103H107 O'reilly Automotive Inc ORLY 1,082,752.00 106,456,176.00 1.68
4057808 L'oreal Sa OR 226,951.00 100,422,085.00 1.59
888787108 Toast Inc TOST 1,925,672.00 94,049,820.00 1.49
5596991 UCB Sa UCB 434,157.00 93,280,849.00 1.47
6639550 Nintendo Co Ltd 7,974.00 1,092,919.00 91,345,021.00 1.44
BN6NP19 NU Holdings Ltd/cayman Islands NU 7,187,587.00 87,832,313.00 1.39
74440W862 (pipa070) Pgim Core Government Money Mar 4.41 12/01/2099 82,114,967.00 82,114,967.00 1.30
46120E602 Intuitive Surgical Inc ISRG 168,731.00 81,174,796.00 1.28
148929102 CAVA Group Inc CAVA 856,535.00 75,383,645.00 1.19
BGLP232 Moncler Spa MONC 1,374,115.00 73,285,160.00 1.16
532457108 ELI Lilly & Co LLY 92,010.00 68,093,840.00 1.08
79589L106 Samsara Inc IOT 1,759,219.00 66,903,098.00 1.06
BP9DL90 Industria De Diseno Textil Sa ITX 1,301,531.00 62,170,328.00 0.98
BL6P210 Eternal Ltd ETERNAL 17,415,838.00 60,783,239.00 0.96
BCRWZ18 CIE Financiere Richemont Sa CFR 364,698.00 59,546,550.00 0.94
92532F100 Vertex Pharmaceuticals Inc VRTX 110,028.00 50,268,492.00 0.79
303250104 FAIR Isaac Corp FICO 24,949.00 35,844,727.00 0.57
CURRENCY Currency 155,023,762.00 20,857,909.00 0.33

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, Thomas Davis and Rebecca Irwin are the portfolio managers for the PGIM Jennison Global 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.

Thomas Davis
Thomas Davis

Managing Director and Portfolio Manager for Global Equity Opportunity and International Equity Opportunity Strategies

|

Jennison Associates

Thomas Davis is a managing director and a portfolio manager for the global equity opportunity and international equity opportunity strategies. 

Rebecca Irwin
Rebecca Irwin

Managing Director, Large Cap Growth Portfolio Manager, and Research Analyst

|

Jennison Associates

Rebecca Irwin is a Managing Director, large cap growth portfolio manager, and research analyst.

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. The P/E ratio (Source: Morningstar, Inc.) relates the price of a stock to the per-share earnings of the company. P/E is calculated using a harmonic weighted average, which excludes outliers that can easily skew results. 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. Beta is benchmarked against the S&P 500, an unmanaged index, which is a broad indicator of domestic stock price movements. An investment cannot be made directly in an index. Due to data availability, statistics may not be as of 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 R2 shares and Class R4 shares are only offered for sale to group retirement plans available through a retirement recordkeeper or third party administrator. 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.

4405572    Ed. 04/2025

Fund Literature

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