PGIM Jennison Utility Fund #1 Utility Fund (Class Z) for the 5-year and 10-year period out of 41 and 39 funds, respectively ended. Lipper ranking for the 1-, 3-, 5- and 10-year periods as of for the real estate category were 9 out of 251, 15 out of 232, 11 out of 202, and 19 out of 148 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 total return ranking for the 1-year period: 16 out of 246 funds 3-year period: 14 out of 231 funds, 10-year period: 20 out of 148 funds as of. Real Estate Fund #1 Real Estate Fund (Class Z) for the 5-year period out of 184 funds ended. Lipper ranking for the 1-, 3- and 5-year periods as of for the Select Real Estate Fund for the global real estate category were 30 out of 161, 4 out of 160, and 2 out of 142 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 R6 total return ranking for the 1-year period: 32 out of 162 funds 3-year period: 3 out of 161 funds as of. PGIM Select Real Estate Fund #1 Global Real Estate Fund (Class R6) for the 5-year period out of 138 funds ended. Lipper ranking for the 1-, 3- and 5-year periods as of for the Short High Yield Fund category were: 12 out of 63, 2 out of 49, and 2 out of 44 funds, 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 R6 total return ranking for the 1-year period: 10 out of 64 funds 3-year period: 2 out of 49 funds as of. PGIM Short Duration High Yield Income Fund #1 Short High Yield Fund (Class R6) for the 5-year period out of 43 funds ended. From Lipper Fund Awards from Refinitiv, ©2022 Refinitiv. Please see the prospectus for additional information about fees, expenses and investor eligibility requirements. These expenses could lower total fund return. Other share classes, which contain either a sales load or a contingent deferred sales charge, are also available.
Past performance does not guarantee future results. Rankings do not take sales charges into account. S&P 500 Index funds, specialty diversified equity funds and specialty/miscellaneous funds were not eligible to receive classification awards. Lipper Award: In the Lipper Fund Awards, funds had to be registered for sale in the respective country as of the end of the year and the fund had to have at least 36 months of performance history as of the end of the evaluation year. *The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. Lipper Leaders fund ratings do not constitute and are not intended to constitute investment advice or an offer to sell or the solicitation of an offer to buy any security of any entity in any jurisdiction. Past performance is no guarantee of future performance.
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