Objective

Seeks capital appreciation and income by investing in companies that are expected to pay dividends as well as increase their dividend payouts over time.  The Fund may be appropriate for those seeking the growth potential of equities along with increasing income. 

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: Large Blend
Total Net Assets: $80 Million
Dividends (Paid): Quarterly
Dividends (Accrued):
Capital Gains: Annually
Fund Statistics
AS OF 02/28/2026
Name
Weight
Beta (3 year) 0.82
Standard Deviation (3 year) 11.05
Avg Weighted Market Cap ($mil) 18.30
P/E (Price/Earnings) Ratio 24.80
Turnover Ratio (12-month %) 44.00

Risks of investing in the fund include but are not limited to the following: 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. Large-capitalization companies go in and out of favor based on market and economic conditions; the Fund’s value may not rise or fall as much as the value of funds that emphasize companies with smaller market capitalizations. Small- and Mid-cap investments may be subject to more erratic market movements than large-cap stocks. There is no guarantee that companies paying dividends will continue to do so in the future, or that dividend distributions will increase over time. The Fund's performance during a broad market advance could suffer because dividend paying stocks may not experience the same capital appreciation as non-dividend paying stocks. Foreign securities are subject to currency fluctuations and political uncertainty. 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 Rising Dividend Fund.
See Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Jennison Rising Dividend Fund.

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

Fund Expenses
Maximum Sales Charge (%)
Class
Gross (%)
Net (%)
Date*
A 1.45 1.24 11/30/2026 5.50
C 2.18 1.99 11/30/2026 1.00
R6 1.72 0.99 11/30/2026
Z 1.30 0.99 11/30/2026

*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 Large Blend Category Average: Large-blend portfolios are fairly representative of the overall U.S. stock market in size, growth rates, and price. Stocks in the top 70% of the capitalization of the U.S. equity market are defined as large cap. The blend style is assigned to portfolios where neither growth nor value characteristics predominate. These portfolios tend to invest across the spectrum of U.S. industries, and owing to their broad exposure, the portfolios' returns are often similar to those of the S&P 500 Index.

S&P 500 Index is a market-weighted, unmanaged index of 500 of the largest U.S. stocks in a variety of industry sectors.

The S&P Indices are products of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by PGIM Investments. Copyright ©2025 S&P Dow Jones Indices LLC, a division of S&P Global, Inc., and/or its affiliates. All rights reserved. Redistribution or reproduction in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. For more information on any of S&P Dow Jones Indices LLC’s indices please visit www.spdji.com. S&P® is a registered trademark of S&P Global and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC.

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

Prices

AS OF 03/31/2026
Class
NAV ($)
NAV Change ($)
NAV Change (%)
POP ($)
Total Net Assets ($)
A Gain +19.12 Gain +0.43 Gain +2.30 20.23 46,308,850.51
C Gain +18.87 Gain +0.42 Gain +2.28 19,738,445.68
R6 Gain +19.12 Gain +0.43 Gain +2.30 762,242.24
Z Gain +19.13 Gain +0.43 Gain +2.30 8,722,086.65

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 03/31/2026
Class
52 Week High ($)
52 Week High Date
52 Week Low ($)
52 Week Low Date
A 20.03 02/25/2026 15.16 04/08/2025
C 19.75 02/25/2026 14.99 04/08/2025
R6 20.04 02/25/2026 15.16 04/08/2025
Z 20.05 02/25/2026 15.17 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.

Yields

AS OF 02/28/2026
Class SEC 30-Day Subsidized Yield (%) SEC 30-Day Unsubsidized Yield (%) Offer Distb. Yield (%) NAV Distb. Yield (%) SEC-30 Day Sub Taxable Equivalent Yield (%)
A - View Prospectus 0.54 0.38
C - View Prospectus -0.16 -0.34
R6 - View Prospectus 0.81 0.40
Z - View Prospectus 0.81 0.54

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.

Portfolio Attributes

AS OF 02/28/2026
Largest Holdings (% of Assets)
Cisco Systems 3.3%
AbbVie 3.2%
Walmart Stores 3.2%
JPMorgan Chase 3.0%
General Electric Co. 2.9%
IBM 2.9%
Johnson Controls International plc 2.9%
Goldman Sachs 2.6%
AT&T 2.6%
GE Vernova 2.6%
Sector Breakdown (% of Assets)
Industry
Fund (% of Assets)
Industrials 18.9%
Information Technology 17.4%
Financials 14.5%
Utilities 9.0%
Healthcare 8.5%
Energy 8.2%
Consumer Discretionary 7.4%
Consumer Staples 6.4%
Communication Services 5.5%
Materials 2.2%
Real Estate 0.8%
Cash/Equiv 1.3%
Largest Industries (% of Assets)
Oil, Gas & Consumable Fuels 8.2%
Semiconductors & Equipment 7.9%
Banks 7.7%
Aerospace/Defense 5.1%
Multi-Utilities 4.4%
Fund Statistics
AS OF 02/28/2026
Fund Statistics
Years
Beta (3 year) 0.82
Standard Deviation (3 year) 11.05
Avg Weighted Market Cap ($mil) 18.3
P/E (Price/Earnings) Ratio 24.8
Turnover Ratio (12-month %) 44

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.

Fund Holdings

AS OF 02/28/2026

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.

© 2026, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved.

Jennison Associates is a registered investment advisor. All are Prudential Financial affiliates. PGIM is the principal asset management business of Prudential Financial, Inc. (PFI), and a trading name of PGIM, Inc. and its global subsidiaries and affiliates. 

5044609 Ed. 12/2025

Security ID# (CUSIP/SEDOL) Security Description Ticker Symbol Coupon Rate Maturity Date Shares/Notional Value ($) % of Portfolio

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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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(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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MANAGEMENT

PGIM Investments is a registered investment advisor and investment manager to PGIM registered investment companies. PGIM Investments is a Prudential Financial and PGIM, Inc. affiliate. For more information on the fund's sub-advisors(s), please click here.

Ubong "Bobby" Edemeka
Ubong "Bobby" Edemeka

Managing Director

Jennison Associates

Bobby Edemeka is a portfolio manager for the income, infrastructure, and carbon solutions equity strategies, and a research analyst covering global utilities, communications, and energy infrastructure.

Shaun Hong, CFA
Shaun Hong, CFA

Managing Director

Jennison Associates

Shaun Hong is a portfolio manager for the income and infrastructure strategies as well as a research analyst covering global communications and energy infrastructure.

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. Due to data availability, statistics may not be as of the 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).

© 2026 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 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.

Jennison Associates is a registered investment advisor. All are Prudential Financial affiliates. PGIM is the principal asset management business of Prudential Financial, Inc. (PFI), and a trading name of PGIM, Inc. and its global subsidiaries and affiliates. 

5292828   Ed. 03/2026

Fund Literature

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