The account you are about to open is a direct account with Prudential Mutual Fund Services LLC ("PMFS"), the transfer agent for PGIM Investments mutual funds. PMFS and its employees do not provide investment advice or product recommendations of any kind.

USA Patriot Act requirements - To help the government fight the funding of terrorism and money laundering activities, we are required to obtain, verify, and record information on each person who opens an account. Clients establishing an account at PMFS must have a legal address in the US, US Virgin Islands, Puerto Rico or Guam. If we are unable to verify your identity, PMFS reserves the right to close your account or take other steps we deem reasonable.

Please be aware that mutual fund investing involves risk. Past performance does not guarantee future results and current performance may be lower or higher than past performance. Some mutual funds have more risk than others. The investment return and principal value will fluctuate and investor's shares when sold may be worth more or less than the original cost. Fixed income investments are subject to interest rate risk, and their value will decline as interest rates rise. Asset allocation and diversification do not assure a profit or protect against loss in declining markets. There is no guarantee a fund's objectives will be achieved. The risks associated with each fund are explained more fully in each fund's respective prospectus.

For Target Date Funds - The target date is the approximate date when investors plan to retire and may begin withdrawing their money. The asset allocation of the target date funds will become more conservative as the target date approaches and for 10 years after the target date by lessening the equity exposure and increasing the exposure in fixed income investments. The principal value of an investment in a target date fund is not guaranteed at any time, including the target date. There is no guarantee that the fund will provide adequate retirement income.

A target date fund should not be selected based solely on age or retirement date. Before investing, participants should carefully consider the investment objectives, risks, charges, expenses, as well as their age, anticipated retirement date, risk tolerance, other investments owned, and planned withdrawals.

Consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus and the summary prospectus contain this and other information about the fund. Read them carefully before investing.