Supplement dated September 17, 2019
to the Currently Effective Summary Prospectus and
Prospectus of the Funds Listed Below
This supplement should be read in conjunction with your Summary Prospectus, Statutory Prospectus and Statement of Additional Information, be retained for future reference and is in addition to any existing Fund supplements.
Effective November 1, 2019, each Fund's Summary Prospectus and Statutory Prospectus are amended as set forth below, as applicable.
I.In each Fund's Summary and Statutory Prospectus, the table in the section entitled "Buying and Selling Fund Shares" is updated to reflect that the minimum initial investment for Class A and Class C shares is $1,000, and the paragraph immediately below the table is amended and restated to read as follows:
For Class A and Class C shares, the minimum initial investment is $1,000 and the minimum subsequent investment is $100. For Class A and Class C shares, the minimum initial and subsequent investment for Automatic Investment Plan purchases is $50. Class R, Class R2, Class R4 and Class
R6 shares are generally not available for purchase by individuals. Class Z shares may be purchased by certain individuals, subject to minimum investment and/or other requirements. Please see "How to Buy, Sell and Exchange Fund SharesHow to Buy SharesQualifying for Class R Shares," " Qualifying for Class Z Shares," "Qualifying for Class R2 and Class R4 Shares," and "Qualifying for Class R6 Shares" in the Prospectus for purchase eligibility requirements.
II.In each Fund's Statutory Prospectus, the table in the section entitled "Choosing a Share Class" the sub-section entitled "Share Class Comparison" is hereby amended to reflect that the minimum purchase amount for Class A and Class C shares is $1,000, and the first footnote immediately following the table is amended and restated to read as follows:
The minimum initial and subsequent investment requirements do not apply to employee savings plan accounts, payroll deduction plan accounts, or when exchanging all shares of an account to an existing account with the same registration. The minimum initial investment for Class A and Class C shares is $1,000, and the minimum subsequent investment is $100. The minimum initial and subsequent investment for AIP accounts is $50 (if your shares are held through a broker or other financial intermediary, the broker or intermediary is responsible for determining the minimum initial and subsequent investment for AIP accounts). In addition, the minimum initial and subsequent investment requirements do not apply with respect to Class A and C shares when offered at NAV on fee-based programs, mutual fund "wrap" or asset allocation programs, mutual fund "supermarket" programs, and group retirement plans.
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PGIM INVESTMENTS FUNDS
The Prudential Investment Portfolios, Inc. |
Prudential Investment Portfolios, Inc. 17 |
PGIM Balanced Fund |
PGIM Short Duration Multi-Sector Bond Fund |
PGIM Jennison Equity Opportunity Fund |
PGIM Total Return Bond Fund |
PGIM Jennison Growth Fund |
Prudential Investment Portfolios 18 |
Prudential Investment Portfolios 3 |
PGIM Jennison 20/20 Focus Fund |
PGIM Global Dynamic Bond Fund |
PGIM Jennison MLP Fund |
PGIM Jennison Focused Growth Fund |
Prudential Global Total Return Fund, Inc. |
PGIM QMA Global Tactical Allocation Fund |
PGIM Global Total Return Fund |
PGIM QMA Large-Cap Value Fund |
PGIM Global Total Return (USD Hedged) Fund |
PGIM Real Assets Fund |
Prudential Government Money Market Fund, |
PGIM Strategic Bond Fund |
Inc. |
Prudential Investment Portfolios 4 |
PGIM Government Money Market Fund |
PGIM Muni High Income Fund |
Prudential Jennison Blend Fund, Inc. |
Prudential Investment Portfolios 5 |
PGIM Jennison Blend Fund |
PGIM Jennison Diversified Growth Fund |
Prudential Jennison Mid-Cap Growth Fund, Inc. |
PGIM Jennison Rising Dividend Fund |
PGIM Jennison Mid-Cap Growth Fund |
Prudential Investment Portfolios 6 |
Prudential Jennison Natural Resources Fund, |
PGIM California Muni Income Fund |
Inc. |
Prudential Investment Portfolios 7 |
PGIM Jennison Natural Resources Fund |
PGIM Jennison Value Fund |
Prudential Jennison Small Company Fund, Inc. |
Prudential Investment Portfolios 8 |
PGIM Jennison Small Company Fund |
PGIM QMA Stock Index Fund |
Prudential National Muni Fund, Inc. |
PGIM Securitized Credit Fund |
PGIM National Muni Fund |
Prudential Investment Portfolios 9 |
Prudential Sector Funds, Inc. |
PGIM Absolute Return Bond Fund |
PGIM Jennison Financial Services Fund |
PGIM International Bond Fund |
PGIM Jennison Health Sciences Fund |
PGIM QMA Large-Cap Core Equity Fund |
PGIM Jennison Utility Fund |
PGIM Real Estate Income Fund |
Prudential Short-Term Corporate Bond Fund, |
PGIM Select Real Estate Fund |
Inc. |
Prudential Investment Portfolios, Inc. 10 |
PGIM Short-Term Corporate Bond Fund |
PGIM Jennison Equity Income Fund |
Prudential World Fund, Inc. |
PGIM QMA Mid-Cap Value Fund |
PGIM Emerging Markets Debt Hard Currency |
Prudential Investment Portfolios 12 |
Fund |
PGIM Global Real Estate Fund |
PGIM Emerging Markets Debt Local Currency |
PGIM Jennison Technology Fund |
Fund |
PGIM QMA Large-Cap Core Equity PLUS Fund |
PGIM Jennison Emerging Markets Equity |
PGIM QMA Long-Short Equity Fund |
Opportunities Fund |
PGIM Short Duration Muni High Income Fund |
PGIM Jennison Global Infrastructure Fund |
PGIM US Real Estate Fund |
PGIM Jennison Global Opportunities Fund |
Prudential Investment Portfolios, Inc. 14 |
PGIM Jennison International Opportunities Fund |
PGIM Floating Rate Income Fund |
PGIM QMA International Equity Fund |
PGIM Government Income Fund |
The Target Portfolio Trust |
Prudential Investment Portfolios, Inc. 15 |
PGIM Core Bond Fund |
PGIM High Yield Fund |
PGIM Corporate Bond Fund |
PGIM Short Duration High Yield Income Fund |
PGIM QMA Small-Cap Value Fund |
Prudential Investment Portfolios 16 |
|
PGIM Income Builder Fund |
|
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