497 1 f36475d1.htm PM SUPPL-MCCARTAN, CORE CONSERVATIVE BOND FUND PM Suppl-McCartan, Core Conservative Bond Fund

Prudential Investment Portfolios 2

PGIM Core Conservative Bond Fund

(the "Fund")

Supplement dated September 29, 2023

to the Fund's Currently Effective Summary Prospectus and Prospectus

You should read this Supplement in conjunction with the Fund's Summary Prospectus and Prospectus and retain it for

future reference.

Effective immediately, Mr. Tom McCartan is added to the Fund's portfolio management team.

To reflect this change, the Fund's Summary Prospectus and Prospectus are hereby revised as follows effective immediately:

1.The table in the section of the Fund's Summary Prospectus and Prospectus entitled "Management of the Fund" is hereby revised by adding the information set forth below with respect to Mr. McCartan:

Investment

Subadviser

Portfolio

Title

Service Date

Managers

 

Managers

 

 

PGIM Investments

PGIM Fixed

Tom McCartan

 

Portfolio Manager

September 2023

 

LLC

Income

 

 

 

 

 

 

 

 

 

 

2.The section of the Fund's Prospectus entitled "How the Fund is Managed – Portfolio Managers", is hereby revised by adding the following professional biography for Mr. McCartan:

Tom McCartan, FIA, CFA, is a Principal and portfolio manager on the Multi-Sector Team at PGIM Fixed Income. He is responsible for portfolio management of multi-sector LDI portfolios and custom multi-sector portfolios and Core Conservative Strategy. Prior to joining the Firm in 2015, Mr. McCartan was based in the UK for 5 years, working at Mercer and Redington where he worked with institutional pension and insurance clients to develop strategic asset allocation and liability hedging strategies. Mr. McCartan received a BSc. with Honors in Actuarial and Financial Studies from University College Dublin. He holds the Chartered Financial Analyst (CFA) designation and is a Fellow of the UK Institute of Actuaries.

LR1448