Prices

• Quarterly Returns (Quarterly SEC Returns) - The fund’s total return calculated according to standards set forth by the SEC, taking into account sales charges and expenses. These returns are generally referred to as standardized performance, which reflect the average annual total return of the fund for the most recent 1, 5, and 10-year periods (or life of the share class, if less), as of the most recent calendar quarter. 
• Prosp (Prospectus) - A prospectus is a document which provides all of the details about a mutual fund—including its investment strategy, risk profile, performance history, management, and fees—in a document called the prospectus. You should always read the prospectus before investing in a fund. 
• NAV ($) - Net asset value is the daily price for a share of a mutual fund. This dollar value is computed by subtracting the fund’s liabilities from its assets and dividing by the number of shares outstanding. 
• NAV Change ($) - Shows the change in value (USD) from the previous day. 
• NAV Change (%) - Shows the change in percentage from the previous day.
• 52 Week High ($) - This is the highest NAV for the previous 52 weeks. 
  
• 52 Week Low ($) - This is the lowest NAV for the previous 52 weeks. 
  
• Daily Yield (%) - Calculates the portfolio’s yield based on net income earned over the previous one day, assuming that the income earned on the principal is not reinvested in the fund. 
  
• Dividend - A payment declared that is distributed to shareholders from the net investment income of a mutual fund. 
  
• POP ($) - The public offering price is the price a shareholder would pay to purchase shares of a fund that has up-front sales charges (POP = NAV + sales charges). The POP shown includes the maximum sales charges applicable: a shareholder may actually pay less, depending on the amount of their purchases. See a current prospectus of the fund for a breakpoint schedule. 
  

Yields

• Quarterly Returns (Quarterly SEC Returns) - The fund’s total return calculated according to standards set forth by the SEC, taking into account sales charges and expenses. These returns are generally referred to as standardized performance, which reflect the average annual total return of the fund for the most recent 1, 5, and 10-year periods (or life of the share class, if less), as of the most recent calendar quarter.
• Prospectus - A prospectus is a document which provides all of the details about a mutual fund—including its investment strategy, risk profile, performance history, management, and fees—in a document called the prospectus. You should always read the prospectus before investing in a fund. 
  
• Net asset value is the daily price for a share of a mutual fund. This dollar value is computed by subtracting the fund’s liabilities from its assets and dividing by the number of shares outstanding.
  
• 30-Day Current Yield (%) – Calculates the portfolio’s yield based on net income earned over the previous 30 days, assuming that the income earned on the principal is not reinvested in the fund. 
  
• SEC 30-Day Subsidized Yield (%) –  A standardized yield calculation created by the Securities and Exchange Commission, it reflects the income earned during a 30-day period, after the deduction of the fund's net expenses (net of any expense waivers or reimbursements). 
  
• SEC 30-Day Unsubsidized Yield (%) –  A standardized yield calculation created by the Securities and Exchange Commission, it reflects the income earned during a 30-day period, after the deduction of the fund's gross expenses. 
  
• Offer Distribution Yield (%) - Measures the amount of net income that has been distributed over the past 30 days divided by the fund's offering price (i.e., the fund's net asset value plus the maximum initial sales charge associated with Class A shares). The calculation excludes the effect of any non-recurring or special income distributions. 
• NAV Distribution Yield - Measures the amount of net income that has been distributed over the previous 30 days divided by the fund's average net asset value for the period. The calculation excludes the effect of any non-recurring or special income distributions. 
  
• SEC-30 Day Subsidized Taxable Equivalent Yield (%) – The yield that a taxable bond fund would have to pay in order to produce the same yield as a tax-exempt investment, such as municipal bond fund. Taxable equivalent yields are calculated using SEC 30 Day Subsidized yield. The taxable equivalent yield calculation uses the maximum federal individual income tax rate. The calculation for state-specific funds uses the maximum state tax rate, in addition to the federal tax rate, in the calculation of the taxable equivalent yield, but does not reflect any federal deduction of state income taxes.
• 12-Month Distribution Rate (%) –  is calculated by taking the sum of the trailing 12-month distributions divided by the last month's ending NAV per share. The 12-month distribution rate calculation includes ordinary income (all or a portion of which may be a return of capital) and excludes special distributions. Please refer to the most recent Section 19 Notice, if applicable, for additional information regarding the composition of distributions. Final determination of a distribution’s tax character will be made on Form 1099 DIV sent to shareholders each January.

Distributions

• Sh. Cl. (Share Class) – Multiple share classes are offered to let you choose a cost structure that meet your individual needs. See the prospectus for more detailed information. 
  
•  Prosp (Prospectus) - A prospectus is a document which provides all of the details about a mutual fund—including its investment strategy, risk profile, performance history, management, and fees—in a document called the prospectus. You should always read the prospectus before investing in a fund.
  
• Hist Dist – Historical Distributions include the dividend and capital gain payouts made by the fund since its inception. 
  
• Record Date – Date that determines who is eligible to receive a distribution. Distributions are set aside for payment to shareholders. 
  
• Payable Date – The date on which the declared dividend or capital gain distribution is scheduled to be paid to shareholders. On Ex-date/Reinvest date, normally the same as the Payable Date, a mutual fund's share price (Net Asset Value) drops by the amount of the distribution, excluding market fluctuations. 
  
• Reinvest NAV - Mutual funds pay dividends and capital gains in cash that may be reinvested by shareholders in additional mutual fund shares. Often, mutual funds allow reinvestment of these distributions at net asset value (NAV), allowing investors to purchase new shares without any sales charge. 
  
• Short-Term Capital Gain -  A gain on an investment that has been held for less than one year. 
  
• Long-Term Capital Gain - A gain on an investment that has been held for one year or longer. 
  
• YTD Total (Capital Gains) -  The total of all short-term and long-term capital gains paid out during the calendar year. 
  
• YTD - A Year -To- Date return is a cumulative total return calculated using the current NAV and beginning NAV (based off of the last business day of the previous calendar year). Cumulative total returns include reinvestment of all dividends and capital gains for the period at the NAV on the respective reinvestment date(s). Cumulative total returns do not include sales charges. 
  
• Quarterly Returns (Quarterly SEC Returns) - The fund’s total return calculated according to standards set forth by the SEC, taking into account sales charges and expenses. These returns are generally referred to as standardized performance, which reflect the average annual total return of the fund for the most recent 1, 5, and 10-year periods (or life of the share class, if less), as of the most recent calendar quarter.
  
• 7-Day Current Yield (%) – The portfolio’s yield based on net income earned over the previous seven days, assuming that the income earned on the principal is not reinvested in the fund. 
  
  

Performance

• YTD - A Year -To- Date return is a cumulative total return calculated using the current NAV and beginning NAV (based off of the last business day of the previous calendar year). Cumulative total returns include reinvestment of all dividends and capital gains for the period at the NAV on the respective reinvestment date(s). Cumulative total returns do not include sales charges.
  
  
  

 
Share Class Definitions

• Class A shares have a front-end sales charge (or “load”) that results in a portion of the investment not being invested. A shares also have annual 12b-1 distribution and service fees.
• Class B shares have a contingent deferred sales charge (CDSC) and annual 12b-1 distribution and service fees. B shares will automatically convert to Class A shares approximately seven years after purchase. B shares are generally closed to new investors and will not accept subsequent purchases from existing shareholders.
• Class C shares have a contingent deferred sales charge (CDSC) if you sell your shares within 1 year of purchase. C shares also have annual 12b-1 distribution and service fees
• Class I shares are only offered for the Prudential QMA Stock Index Fund. They may be purchased by Group retirement plans (including defined contribution plans, defined benefit plans and deferred compensation plans) available through a retirement plan recordkeeper or third party administrator.
• Class R6 shares are offered without a sales load and do not charge annual 12-b1 distribution and service fees. Class R6 shares are offered to eligible investors provided that the Fund or its affiliates are not required to make or pay any type of administrative, sub-accounting, networking or revenue sharing payments or similar fees paid to intermediaries. Effective in June 2018, Q shares are now called R6.
• Class R shares are currently offered for sale within retirement plans. A sales charge does not apply to R2 shares, however, they do charge an annual 12b-1 distribution fee, and also a separate shareholder service fee. They will generally be closed to all purchases effective June 2018.
• Class R2 shares are generally offered for sale within retirement plans. A sales charge does not apply to R2 shares, however, they do charge an annual 12b-1 distribution fee, and also a separate shareholder service fee.
• Class R4 shares are generally offered for sale within retirement plans. A sales charge does not apply to R4 shares, however, they do charge an annual 12b-1 distribution fee, and also a separate shareholder service fee.
• Class Z shares are an institutionally priced share class. They are offered without a sales load and do not charge annual 12-b1 distribution and service fees.

Investment products are distributed by Prudential Investment Management Services LLC (PIMS), member FINRA and SIPC. PGIM Investments is a registered investment adviser and investment manager to all PGIM US investment companies. Jennison Associates is a registered investment advisor. PGIM Quantitative Solutions is the primary business name of PGIM Quantitative Solutions LLC, a registered investment advisor. PGIM Fixed Income and PGIM Real Estate are units of PGIM, a registered investment advisor. 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. All are Prudential Financial affiliates. ©2024 Prudential Financial, Inc. and its related entities. PGIM, PGIM Investments, Jennison Associates, Jennison, PGIM Fixed Income, PGIM Limited, PGIM Quantitative Solutions, PGIM Real Estate and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

4052361  Ed. 12/2024