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 provide maximum current income consistent with stability of capital and the maintenance of liquidity by investing at least 99.5% of its total assets in cash, government securities, and/or repurchase agreements collateralized fully with cash or government securities.

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.

Date
Shadow NAV ($)
NAV ($)
08/07/2025 1.0001 1.00
08/06/2025 1.0001 1.00
08/05/2025 1.0001 1.00
08/04/2025 1.0001 1.00
08/01/2025 1.0001 1.00
07/31/2025 1.0001 1.00
07/30/2025 1.0001 1.00
07/29/2025 1.0001 1.00
07/28/2025 1.0001 1.00
07/25/2025 1.0001 1.00
07/24/2025 1.0001 1.00
07/23/2025 1.0001 1.00
07/22/2025 1.0001 1.00
07/21/2025 1.0001 1.00
07/18/2025 1.0001 1.00
07/17/2025 1.0001 1.00
07/16/2025 1.0001 1.00
07/15/2025 1.0001 1.00
07/14/2025 1.0001 1.00
07/11/2025 1.0001 1.00
07/10/2025 1.0001 1.00
07/09/2025 1.0001 1.00
07/08/2025 1.0001 1.00
07/07/2025 1.0001 1.00
07/03/2025 1.0001 1.00
07/02/2025 1.0001 1.00
07/01/2025 1.0001 1.00
06/30/2025 1.0001 1.00
06/27/2025 1.0001 1.00
06/26/2025 1.0001 1.00
06/25/2025 1.0001 1.00
06/24/2025 1.0001 1.00
06/23/2025 1.0001 1.00
06/20/2025 1.0001 1.00
06/18/2025 1.0001 1.00
06/17/2025 1.0001 1.00
06/16/2025 1.0001 1.00
06/13/2025 1.0001 1.00
06/12/2025 1.0001 1.00
06/11/2025 1.0001 1.00
06/10/2025 1.0001 1.00
06/09/2025 1.0001 1.00
06/06/2025 1.0001 1.00
06/05/2025 1.0001 1.00
06/04/2025 1.0001 1.00
06/03/2025 1.0001 1.00
06/02/2025 1.0001 1.00
05/30/2025 1.0001 1.00
05/29/2025 1.0001 1.00
05/28/2025 1.0001 1.00
05/27/2025 1.0001 1.00
05/23/2025 1.0001 1.00
05/22/2025 1.0001 1.00
05/21/2025 1.0001 1.00
05/20/2025 1.0001 1.00
05/19/2025 1.0001 1.00
05/16/2025 1.0001 1.00
05/15/2025 1.0001 1.00
05/14/2025 1.0001 1.00
05/13/2025 1.0001 1.00
05/12/2025 1.0001 1.00
05/09/2025 1.0001 1.00
05/08/2025 1.0001 1.00
05/07/2025 1.0001 1.00
05/06/2025 1.0001 1.00
05/05/2025 1.0001 1.00
05/02/2025 1.0001 1.00
05/01/2025 1.0001 1.00
04/30/2025 1.0001 1.00
04/29/2025 1.0001 1.00
04/28/2025 1.0001 1.00
04/25/2025 1.0001 1.00
04/24/2025 1.0001 1.00
04/23/2025 1.0001 1.00
04/22/2025 1.0001 1.00
04/21/2025 1.0001 1.00
04/17/2025 1.0001 1.00
04/16/2025 1.0001 1.00
04/15/2025 1.0001 1.00
04/14/2025 1.0001 1.00
04/11/2025 1.0001 1.00
04/10/2025 1.0001 1.00
04/09/2025 1.0001 1.00
04/08/2025 1.0001 1.00
04/07/2025 1.0002 1.00
04/04/2025 1.0002 1.00
04/03/2025 1.0002 1.00
04/02/2025 1.0001 1.00
04/01/2025 1.0001 1.00
03/31/2025 1.0001 1.00
03/28/2025 1.0001 1.00
03/27/2025 1.0001 1.00
03/26/2025 1.0001 1.00
03/25/2025 1.0001 1.00
03/24/2025 1.0001 1.00
03/21/2025 1.0001 1.00
03/20/2025 1.0002 1.00
03/19/2025 1.0001 1.00
03/18/2025 1.0001 1.00
03/17/2025 1.0001 1.00
03/14/2025 1.0001 1.00
03/13/2025 1.0002 1.00
03/12/2025 1.0002 1.00
03/11/2025 1.0002 1.00
03/10/2025 1.0002 1.00
03/07/2025 1.0002 1.00
03/06/2025 1.0002 1.00
03/05/2025 1.0002 1.00
03/04/2025 1.0002 1.00
03/03/2025 1.0002 1.00
02/28/2025 1.0002 1.00
02/27/2025 1.0002 1.00
02/26/2025 1.0002 1.00
02/25/2025 1.0002 1.00
02/24/2025 1.0002 1.00
02/21/2025 1.0002 1.00
02/20/2025 1.0002 1.00
02/19/2025 1.0002 1.00
02/18/2025 1.0002 1.00
02/14/2025 1.0002 1.00
02/13/2025 1.0002 1.00
02/12/2025 1.0002 1.00
02/11/2025 1.0002 1.00
02/10/2025 1.0002 1.00
02/07/2025 1.0002 1.00

Shadow NAV refers to the market-based NAV of the portfolio.

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.

Date
Daily Liquid Assets (%)
08/07/2025 50.38
08/06/2025 49.76
08/05/2025 49.63
08/04/2025 60.00
08/01/2025 51.28
07/31/2025 52.09
07/30/2025 57.35
07/29/2025 50.85
07/28/2025 60.43
07/25/2025 50.40
07/24/2025 50.92
07/23/2025 50.94
07/22/2025 54.86
07/21/2025 60.69
07/18/2025 55.08
07/17/2025 55.07
07/16/2025 55.44
07/15/2025 55.31
07/14/2025 66.06
07/11/2025 56.46
07/10/2025 59.00
07/09/2025 59.80
07/08/2025 57.87
07/07/2025 68.42
07/03/2025 58.15
07/02/2025 57.75
07/01/2025 58.05
06/30/2025 67.45
06/27/2025 56.11
06/26/2025 55.84
06/25/2025 57.14
06/24/2025 57.41
06/23/2025 67.85
06/20/2025 61.14
06/18/2025 63.92
06/17/2025 49.59
06/16/2025 59.59
06/13/2025 48.42
06/12/2025 48.64
06/11/2025 48.74
06/10/2025 48.43
06/09/2025 59.94
06/06/2025 54.89
06/05/2025 54.90
06/04/2025 54.94
06/03/2025 54.48
06/02/2025 59.49
05/30/2025 54.57
05/29/2025 54.81
05/28/2025 54.61
05/27/2025 54.75
05/23/2025 59.57
05/22/2025 54.57
05/21/2025 53.94
05/20/2025 59.00
05/19/2025 60.70
05/16/2025 55.59
05/15/2025 55.74
05/14/2025 55.94
05/13/2025 55.23
05/12/2025 60.12
05/09/2025 55.43
05/08/2025 55.84
05/07/2025 67.28
05/06/2025 54.35
05/05/2025 59.34
05/02/2025 54.86
05/01/2025 54.45
04/30/2025 54.14
04/29/2025 53.89
04/28/2025 59.23
04/25/2025 54.37
04/24/2025 55.16
04/23/2025 55.13
04/22/2025 54.65
04/21/2025 59.24
04/17/2025 57.88
04/16/2025 56.27
04/15/2025 55.40
04/14/2025 61.20
04/11/2025 49.81
04/10/2025 49.57
04/09/2025 50.12
04/08/2025 49.68
04/07/2025 59.47
04/04/2025 48.86
04/03/2025 47.68
04/02/2025 46.03
04/01/2025 45.98
03/31/2025 57.63
03/28/2025 46.47
03/27/2025 46.91
03/26/2025 46.34
03/25/2025 46.14
03/24/2025 57.11
03/21/2025 44.84
03/20/2025 47.25
03/19/2025 59.52
03/18/2025 46.59
03/17/2025 58.28
03/14/2025 45.97
03/13/2025 44.44
03/12/2025 44.69
03/11/2025 39.56
03/10/2025 52.30
03/07/2025 46.44
03/06/2025 46.47
03/05/2025 42.80
03/04/2025 42.82
03/03/2025 49.96
02/28/2025 43.49
02/27/2025 42.08
02/26/2025 42.62
02/25/2025 40.71
02/24/2025 46.62
02/21/2025 40.84
02/20/2025 45.32
02/19/2025 39.95
02/18/2025 40.20
02/14/2025 45.76
02/13/2025 39.94
02/12/2025 42.97
02/11/2025 39.43
02/10/2025 44.27
02/07/2025 38.09

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.

Date
Weekly Liquid Assets (%)
08/07/2025 75.64
08/06/2025 76.66
08/05/2025 76.60
08/04/2025 76.88
08/01/2025 77.85
07/31/2025 76.58
07/30/2025 76.45
07/29/2025 76.67
07/28/2025 76.67
07/25/2025 77.21
07/24/2025 77.99
07/23/2025 78.00
07/22/2025 78.73
07/21/2025 77.80
07/18/2025 77.62
07/17/2025 77.63
07/16/2025 78.05
07/15/2025 76.87
07/14/2025 77.38
07/11/2025 77.40
07/10/2025 79.13
07/09/2025 80.01
07/08/2025 80.06
07/07/2025 80.51
07/03/2025 80.21
07/02/2025 80.05
07/01/2025 78.53
06/30/2025 78.89
06/27/2025 78.76
06/26/2025 79.01
06/25/2025 79.28
06/24/2025 78.45
06/23/2025 78.97
06/20/2025 78.57
06/18/2025 78.89
06/17/2025 78.23
06/16/2025 78.48
06/13/2025 78.52
06/12/2025 78.53
06/11/2025 77.10
06/10/2025 76.89
06/09/2025 77.09
06/06/2025 76.98
06/05/2025 76.99
06/04/2025 76.92
06/03/2025 76.73
06/02/2025 76.85
05/30/2025 76.85
05/29/2025 76.95
05/28/2025 76.97
05/27/2025 77.12
05/23/2025 77.00
05/22/2025 76.95
05/21/2025 76.67
05/20/2025 76.69
05/19/2025 76.73
05/16/2025 76.59
05/15/2025 76.71
05/14/2025 76.84
05/13/2025 77.07
05/12/2025 76.90
05/09/2025 77.11
05/08/2025 77.36
05/07/2025 76.40
05/06/2025 76.48
05/05/2025 76.61
05/02/2025 76.82
05/01/2025 76.69
04/30/2025 75.16
04/29/2025 74.98
04/28/2025 75.25
04/25/2025 74.31
04/24/2025 74.27
04/23/2025 74.25
04/22/2025 73.99
04/21/2025 73.72
04/17/2025 73.99
04/16/2025 73.99
04/15/2025 72.89
04/14/2025 74.06
04/11/2025 73.86
04/10/2025 73.52
04/09/2025 74.05
04/08/2025 73.63
04/07/2025 73.40
04/04/2025 73.80
04/03/2025 74.29
04/02/2025 74.27
04/01/2025 73.13
03/31/2025 73.42
03/28/2025 73.33
03/27/2025 73.60
03/26/2025 73.12
03/25/2025 73.18
03/24/2025 73.61
03/21/2025 73.60
03/20/2025 74.77
03/19/2025 75.46
03/18/2025 74.04
03/17/2025 74.21
03/14/2025 74.20
03/13/2025 73.96
03/12/2025 71.50
03/11/2025 68.76
03/10/2025 69.09
03/07/2025 68.04
03/06/2025 68.12
03/05/2025 67.77
03/04/2025 67.77
03/03/2025 69.08
02/28/2025 68.51
02/27/2025 68.84
02/26/2025 69.15
02/25/2025 67.75
02/24/2025 67.79
02/21/2025 67.01
02/20/2025 66.78
02/19/2025 66.55
02/18/2025 66.70
02/14/2025 66.49
02/13/2025 66.56
02/12/2025 66.40
02/11/2025 66.10
02/10/2025 65.75
02/07/2025 65.99

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.

Date
Net Inflows/Outflows ($)
08/07/2025 -392,021.75
08/06/2025 3,132,338.72
08/05/2025 4,076,271.35
08/04/2025 6,748,088.53
08/01/2025 6,024,719.50
07/31/2025 3,033,999.61
07/30/2025 4,610,954.25
07/29/2025 6,232,037.19
07/28/2025 937,654.44
07/25/2025 336.32
07/24/2025 -113,813.84
07/23/2025 328,165.03
07/22/2025 -221,846.68
07/21/2025 742,833.20
07/18/2025 104,679.13
07/17/2025 -788,365.79
07/16/2025 -831,049.19
07/15/2025 -337,535.44
07/14/2025 -67,748.35
07/11/2025 -655,439.99
07/10/2025 1,691,163.47
07/09/2025 -313,271.78
07/08/2025 996.66
07/07/2025 468,717.40
07/03/2025 -2,360,596.87
07/02/2025 -681,237.14
07/01/2025 829,617.77
06/30/2025 -426,038.07
06/27/2025 -264,372.84
06/26/2025 -430,903.01
06/25/2025 -1,951,996.29
06/24/2025 -295,351.71
06/23/2025 -348,956.38
06/20/2025 -60,369.18
06/18/2025 -1,028,958.50
06/17/2025 -524,997.15
06/16/2025 -100,074.44
06/13/2025 -204,599.54
06/12/2025 557,954.90
06/11/2025 -537,958.48
06/10/2025 -611,993.34
06/09/2025 1,395,760.08
06/06/2025 -212,632.93
06/05/2025 68,261.87
06/04/2025 3,367,303.46
06/03/2025 -23,122.62
06/02/2025 868,105.32
05/30/2025 254,199.42
05/29/2025 240,364.71
05/28/2025 -367,960.60
05/27/2025 132,720.75
05/23/2025 404,743.04
05/22/2025 4,358,807.36
05/21/2025 -383,202.88
05/20/2025 -92,499.63
05/19/2025 -81,747.60
05/16/2025 -759,345.67
05/15/2025 -459,272.63
05/14/2025 -445,009.04
05/13/2025 -458,525.31
05/12/2025 -902,957.71
05/09/2025 -2,621,212.68
05/08/2025 -194,189.82
05/07/2025 -439,589.69
05/06/2025 -248,559.90
05/05/2025 -671,400.46
05/02/2025 342,628.98
05/01/2025 525,609.08
04/30/2025 493,326.03
04/29/2025 -206,107.57
04/28/2025 44,635.63
04/25/2025 -5,263,033.19
04/24/2025 163,053.61
04/23/2025 410,302.32
04/22/2025 348,651.33
04/21/2025 -622,463.92
04/17/2025 30,169.21
04/16/2025 409,005.87
04/15/2025 1,794,525.89
04/14/2025 -41,025.94
04/11/2025 -17,329.28
04/10/2025 -1,830,403.17
04/09/2025 399,839.83
04/08/2025 -679,242.74
04/07/2025 -3,112,856.60
04/04/2025 -842,451.24
04/03/2025 350,781.25
04/02/2025 177,435.28
04/01/2025 2,323,104.88
03/31/2025 438,681.32
03/28/2025 -2,337,601.93
03/27/2025 292,138.82
03/26/2025 -1,019,116.15
03/25/2025 -216,276.79
03/24/2025 427,770.14
03/21/2025 481,280.19
03/20/2025 1,552,727.93
03/19/2025 -310,559.75
03/18/2025 -85,344.31
03/17/2025 -695,491.53
03/14/2025 524,743.36
03/13/2025 240,527.79
03/12/2025 93,056.45
03/11/2025 523,142.16
03/10/2025 747,112.24
03/07/2025 280,869.83
03/06/2025 232,206.63
03/05/2025 -48,769.28
03/04/2025 288,377.06
03/03/2025 2,546,280.99
02/28/2025 -1,066,894.78
02/27/2025 132,749.25
02/26/2025 452,597.52
02/25/2025 -444,190.35
02/24/2025 -319,819.44
02/21/2025 2,028,699.88
02/20/2025 4,241,528.02
02/19/2025 -1,251,472.36
02/18/2025 127,591.36
02/14/2025 -478,142.70
02/13/2025 1,221,064.69
02/12/2025 374,105.79
02/11/2025 -774,902.41
02/10/2025 -561,688.12
02/07/2025 450,568.01
FUND INFORMATION
Style: Money Market
Total Net Assets: $302 Million

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.

WAM - Weighted Average Maturity - A dollar-weighted average of the portfolio’s days to maturity that treats certain adjustable rate securities as having maturities equaling to the securities’ next interest rate readjustment date.

WAL - Weighted Average Life - A dollar-weighted average of the portfolio’s days to maturity that is based on each security's final legal maturity date or, when relevant, the date of the next demand feature when the fund may receive payment of principal and interest.

________________________________________________________________________________________________________________________________________________

 

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 Government Money Market Fund (Class Z) Lipper total return ranking for the 1-, 3-, 5-, and 10-year periods as of 12/31/2024 for the Institutional U.S. Government Money Market Funds category were: 188/233, 150/214, 132/200, and 89/139, 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: 201/245, 161/224, 139/205, and 96/149, 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.

An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund. There is no guarantee the Fund will be able to maintain a stable $1.00 NAV per share or that the Fund’s objective will be achieved.

Risks of investing in the fund include but are not limited to the following: Fixed Income investments are subject to credit, market, prepayment and interest rate risks, and their value will decline as interest rates rise. The purchase of any investment product is not a condition to the provision or term of any banking service or activity. The Fund may experience heavy redemptions that could affect the Fund’s ability to maintain a $1.00 share price. The guarantee on U.S. Government Securities applies only to the underlying securities of the Fund's portfolio and not to the value of the Fund's shares. Not all US Government and Agency Securities are backed by the full and credit of the United States. The value of adjustable and floating rate securities may lag behind the value of fixed rate securities when interest rates change and may be subject to extended settlement periods. 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.

Prior to March 30, 2016, the Fund operated as a prime money market fund and invested in certain types of securities that, as a government money market fund, the Fund is no longer permitted to hold. Consequently, the performance above may have been different if the current investment limitations had been in effect during the period prior.

See Daily Returns for the PGIM Government Money Market Fund.
See Performance of other PGIM Investments Mutual Funds.

See Daily Returns for the PGIM Government Money Market Fund.
See Quarterly SEC Standardized Performance of other PGIM Investments Mutual Funds.

Fund Expenses
Maximum Sales Charge (%)
Class
Gross (%)
Net (%)
Date*
A** 0.63 0.63
A** 0.63 0.63
C 0.67 0.67
Z 0.47 0.47

*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 Money Market Taxable Category Average: These portfolios invest in short-term money market securities to provide a level of current income that is consistent with the preservation of capital. These funds do not designate themselves as Prime in Form N-MFP.

Money Market Yields

AS OF 07/31/2025
Class Daily Yield (%) 08/07/2025 7 - Day Current Yield (%) 30 - Day Current Yield (%) NAV ($) Weighted Average Maturity (Days) Total Net Assets ($)
A** 3.74 3.74 4.16 1.00 17.00 287,329,960.05
A** 3.74 3.74 4.16 1.00 17.00 287,329,960.05
C 3.59 3.60 3.96 1.00 17.00 6,002,147.78
Z 3.88 3.88 4.07 1.00 17.00 40,883,846.14

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.

The yield quotations more closely reflect the current earnings of the fund than a total return quotation. 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. There are no sales charges to purchase or redeem this fund.

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. Total number of holdings based on issuers. Largest holdings exclude cash, cash equivalents, money market funds and enhanced cash strategies. Totals may not sum due to rounding. Negative holdings reflect outstanding trades at period end.

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.

You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

The guarantee on U.S. Government Securities applies only to the underlying securities of the Fund's portfolio and not the value of the Fund's shares.

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.

1065367-0000-00 Ed. 2/2023

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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.

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

ABOUT

Joseph D'Angelo, Robert T. Browne, and Jeffrey M. Venezia are the portfolio managers for PGIM Government Money Market Fund.

Joseph D'Angelo
Joseph D'Angelo

Managing Director and the Head of PGIM Fixed Income’s Money Markets Team

|

PGIM Fixed Income

Managing Director and the Head of PGIM Fixed Income’s Money Markets team

Robert T. Browne
Robert T. Browne

Vice President and Portfolio Manager

|

PGIM Fixed Income

Robert T. Browne is a Vice President and money markets Portfolio Manager for PGIM Fixed Income's Money Markets Team, responsible for taxable money markets portf

Jeffrey M. Venezia
Jeffrey M. Venezia

Vice President on the Money Markets Team for PGIM Fixed Income

|

PGIM Fixed Income

Jeffrey M. Venezia, is a Vice President on the Money Markets Team for PGIM Fixed Income

Money Market Credit Quality is calculated using both Moody's and S&P rating agencies. "A-1+&/or P-1" and "A-1&/or P-1" categories utilize the short-term ratings from the Moody's and S&P rating agencies. Unrated issues are Tier 1 A-1 &/or P-1 comparable.

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.

**Nasdaq symbol PBMXX is for Class A purchase only. Nasdaq symbol MJAXX is for Class A exchange only.

Class C shares are generally available through the exchange of Class C shares of other mutual funds distributed by PIMS. Class 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 Z shares are generally closed to new retirement plans. Performance by share class may vary. These share classes may contain either a sales load or a contingent deferred sales charge and are available as explained above and in complete detail in the prospectus. Expenses of each share class may vary and could lower total fund return. Please see the prospectus for additional information about fees, expenses, and investor eligibility requirements.

 

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.

4364913    Ed. 04/2025

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