PGIM Funds
Supplement dated July 13, 2018 to the currently effective Statements of Additional Information (SAI)
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The Boards of Directors/Trustees of the PGIM Funds have appointed Brian D. Nee to serve as the Treasurer and Principal Financial and Accounting Officer for each of the PGIM Funds. Mr. Nee replaces M. Sadiq Peshimam. Each SAI is hereby revised by including the following information with respect to Mr. Nee in the officer biography table and by deleting the information with respect to Mr. Peshimam:
| Name, Address, Age Position with the Fund |
Principal Occupation(s) During Past Five Years | Length of Service as Fund Officer |
| Brian D. Nee (52) Treasurer and Principal Financial and Accounting Officer |
Vice President and Head of Finance of PGIM Investments LLC (since August 2015) and PGIM Global Partners (since February 2017); formerly, Vice President, Treasurer’s Department of Prudential (September 2007-August 2015). | Since July 2018 |
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The Prudential Investment Portfolios, Inc. PGIM Balanced Fund PGIM Conservative Allocation Fund PGIM Growth Allocation Fund PGIM Jennison Equity Opportunity Fund PGIM Jennison Growth Fund PGIM Moderate Allocation Fund Prudential Investment Portfolios 2 PGIM Core Short Term Bond Fund PGIM Core Ultra Short Bond Fund PGIM Institutional Money Market Fund PGIM Commodity Strategies Fund PGIM Core Conservative Bond Fund PGIM Jennison Small-Cap Core Equity Fund PGIM QMA Emerging Markets Equity Fund PGIM QMA International Developed Markets Index Fund PGIM QMA Mid-Cap Core Equity Fund PGIM QMA US Broad Market Index Fund PGIM TIPS Fund Prudential Investment Portfolios 3 PGIM Global Absolute Return Bond Fund PGIM Jennison Focused Growth Fund PGIM QMA Global Tactical Allocation Fund PGIM QMA Large-Cap Value Fund PGIM Real Assets Fund PGIM Unconstrained Bond Fund Prudential Investment Portfolios 4 PGIM Muni High Income Fund Prudential Investment Portfolios 5 PGIM 60/40 Allocation Fund PGIM Jennison Diversified Growth Fund PGIM Jennison Rising Dividend Fund Prudential Day One Income Fund Prudential Day One 2010 Fund Prudential Day One 2015 Fund Prudential Day One 2020 Fund Prudential Day One 2025 Fund Prudential Day One 2030 Fund Prudential Day One 2035 Fund Prudential Day One 2040 Fund Prudential Day One 2045 Fund Prudential Day One 2050 Fund Prudential Day One 2055 Fund Prudential Day One 2060 Fund Prudential Investment Portfolios 6 PGIM California Muni Income Fund Prudential Investment Portfolios 7 PGIM Jennison Value Fund Prudential Investment Portfolios 8 PGIM QMA Stock Index Fund Prudential Investment Portfolios 9 PGIM Absolute Return Bond Fund PGIM International Bond Fund PGIM QMA Large-Cap Core Equity Fund PGIM Real Estate Income Fund PGIM Select Real Estate Fund Prudential Investment Portfolios, Inc. 10 PGIM Jennison Equity Income Fund PGIM QMA Mid-Cap Value Fund Prudential Investment Portfolios 12 PGIM Global Real Estate Fund PGIM Jennison Technology Fund PGIM QMA Large-Cap Core Equity PLUS Fund PGIM QMA Long-Short Equity Fund PGIM Short Duration Muni High Income Fund PGIM US Real Estate Fund |
Prudential Investment Portfolios, Inc. 14 PGIM Floating Rate Income Fund PGIM Government Income Fund Prudential Investment Portfolios, Inc. 15 PGIM High Yield Fund PGIM Short Duration High Yield Income Fund Prudential Investment Portfolios 16 PGIM Income Builder Fund PGIM QMA Defensive Equity Fund Prudential Investment Portfolios, Inc. 17 PGIM Short Duration Multi-Sector Bond Fund PGIM Total Return Bond Fund Prudential Investment Portfolios 18 PGIM Jennison 20/20 Focus Fund PGIM Jennison MLP Fund Prudential Global Total Return Fund, Inc. PGIM Global Total Return Fund PGIM Global Total Return (USD Hedged) Fund Prudential Jennison Blend Fund, Inc. PGIM Jennison Blend Fund Prudential Jennison Mid-Cap Growth Fund, Inc. PGIM Jennison Mid-Cap Growth Fund Prudential Jennison Natural Resources Fund, Inc. PGIM Jennison Natural Resources Fund Prudential Jennison Small Company Fund, Inc. PGIM Jennison Small Company Fund Prudential National Muni Fund, Inc. PGIM National Muni Fund Prudential Sector Funds, Inc. PGIM Jennison Financial Services Fund PGIM Jennison Health Sciences Fund PGIM Jennison Utility Fund Prudential Short-Term Corporate Bond Fund, Inc. PGIM Short-Term Corporate Bond Fund Prudential World Fund, Inc. PGIM Emerging Markets Debt Hard Currency Fund PGIM Emerging Markets Debt Local Currency Fund PGIM Jennison Emerging Markets Equity Opportunities Fund PGIM Jennison Global Infrastructure Fund PGIM Jennison Global Opportunities Fund PGIM Jennison International Opportunities Fund PGIM QMA International Equity Fund The Target Portfolio Trust PGIM Core Bond Fund PGIM Corporate Bond Fund PGIM QMA Small-Cap Value Fund PGIM ETF Trust PGIM Ultra Short Bond ETF The Prudential Variable Contract Account – 2 The Prudential Variable Contract Account – 10 |
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