Investment Fact Sheets Please read all of the documents contained in this booklet (Click on a fund in the Table of Contents to be directed to that fund s specific fact sheet) TABLE OF CONTENTS PAGE PruSecure (non-new York) 2 PruSecure (New York version) 3 MoneyMart Assets Series A 4 AST Preservation Asset Allocation 5 AST Balanced Asset Allocation 6 AST Capital Growth Asset Allocation 7 Target Total Return Bond R 8 Prudential Government Income R 9 Prudential High-Yield R 1 Target Large Cap Growth R 11 Prudential Jennison Growth R 12 Prudential Stock A 13 Prudential Jennison 2/2 Focus R 14 Target Large Cap Value R 15 Prudential Jennison Value R 16 Prudential Jennison Mid Cap Growth R 17 Target Small Cap Growth R 18 Prudential Jennison Small Company R 19 Target Small Cap Value R 2 Target International Equity R 21 Prudential Jennison Natural Resources R 22 Prudential Jennison Utility R 23 User s Guide 24 Mutual fund shares are offered by Prudential Investment Management Services, LLC (PIMS), Three Gateway Center, 14th Floor, Newark, NJ 712-477, a Prudential Financial company. Member FINRA/SIPC. Investment advisory services provided by Global Portfolio Strategies, Inc., a Prudential Financial company.
PruSecure Account ISSUER: The Prudential Insurance Company of America INVESTMENT ADVISER: Prudential Investment Management, Inc. Stable Value $6,281 Million INCEPTION DATE: January 1, 1982 This may be suitable for investors who seek: Preservation of capital plus competitive intermediate-term returns. Portfolio Allocation As of 9/3/21 Objective & Structure The PruSecure Account (the Account ) is a stable value insurance product designed to provide safety of principal, liquidity and a stable rate of return. The Account Offers Stability of crediting rate Guaranteed protection of principal and accumulated interest from market volatility Intermediate-term fixed income returns Features Principal and accumulated interest are fully guaranteed by The Prudential Insurance Company of America (PICA). Interest crediting rate is declared in advance and is guaranteed for a six month period. Past crediting rates are not indicative of future rates. The Account invests in a broadly diversified, fixed income portfolio within PICA s General Account. The portfolio is primarily invested in public bonds, commercial mortgages and private placement bonds. Any withdrawals made from the PruSecure Account within one (1) year from the initial contribution date will be subject to a 1% contingent deferred sales charge on the amounts withdrawn. Amounts withdrawn may also be subject to a Market Value Adjustment if portfolio withdrawal thresholds are met or exceeded. Interest is credited daily. CREDITING RATE*: 3.1% *Effective 7/1/1; for the period 7/1/1-12/31/1. Average Quality A Average Duration 2.8 Portfolio allocation is subject to change. Average Quality is derived by taking the weighted average of the credit rating for each fixed income security in the portfolio. Duration is a time measure (in years) of a fixed-income security s interest-rate sensitivity. Average duration is a weighted average of the duration of the underlying fixedincome securities within the portfolio. The guaranteed rate will never be less than the rate required by law and in no event will be less than 1%. The PruSecure crediting rate is guaranteed by The Prudential Insurance Company of America which enjoys the following ratings: Rating Agency Rating Description Moody's A2 Good -- 6th highest of 21 Standard & Poor's AA- Very Strong -- 4th highest of 21 A.M. Best A+ Superior -- 2nd highest of 15 Fitch A+ Strong -- 5th highest of 21 U.S. Treasury Rates As of 9/3/21 182258 182258-1- Exp. 12/3/211 RSFS17 1 May include agriculture loans, transfer employee mortgages and residential mortgages 2 Includes RMBS = Residential Mortgage Backed Securities, CMO = Collateralized Mortgage Obligation Securities, CMBS = Commercial Mortgage Backed Securities 3 ABS = Asset Backed Securities 4 May include equity, real estate and derivatives used to hedge various risks Claims-paying ratings represents the opinions of rating agencies regarding the financial ability of an insurance company to meet its obligations under its insurance policies. According to Standard & Poor's publications, an insurer rated AA- (4th category of 21) has very strong financial security characteristics, differing only slightly from those rated higher. An insurer rated AAA has extremely strong financial security characteristics. AAA is the highest Insurer Financial Strength Rating assigned by Standard & Poor s. Moody's indicates that 'A2' (6th category of 21) rated insurance companies offer good financial security. Insurance companies rated Aaa offer exceptional financial security. In addition, Moody s appends numerical modifiers 1, 2, 3 to each generic rating classification, with 1 being the highest and 3 being the lowest. Aaa is the highest Insurer Financial Strength Rating assigned by Moody s. Fitch indicates that 'A+' (5th category of 21) companies are viewed as possesing strong capacity to meet policyholder and contract obligations. Risk factors are moderate, and the impact of any adverse business and economic factors is expected to be small. According to Fitch, AAA is Exceptionally Strong. Insurers assigned this highest rating are viewed as possessing an exceptionally strong capacity to meet policyholder and contract obligations. For such companies, risk factors are minimal and the impact on any adverse business and economic factors is expected to be extremely small. AAA is the highest rating issued by Fitch. A.M. Best considers 'A+' (2nd category of 15) rated companies to have a superior ability to meet their ongoing obligations to policyholiders. An A++ rating is assigned to companies that have, in their opinion, a superior ability to meet their ongoing obligations to policyholders. A++ is the highest rating issued by A.M. Best. Rating information current as of September 3, 21. For current information on other Prudential Financial operating insurance companies, please visit the Investor Relations website at www.investor.prudential.com. The PruSecure Account is a group annuity product issued by The Prudential Insurance Company of America (PICA), Newark, NJ 712. Amounts contributed to the contract are deposited in PICA s general account. Payment obligations and the fulfillment of any guarantees specified in the group annuity contract are insurance claims supported by the full faith and credit of PICA. PICA periodically resets the interest rate credited on contract balances, subject to a minimum rate specified in the group annuity contract. Past interest rates are not indicative of future rates. This product is neither a mutual fund nor a bank product. The obligations of PICA are not insured by the FDIC or any other federal governmental agency. Contract form # DC-48- or state variation thereof. Prudential Retirement is compensated in connection with this product when general account investment returns exceed the interest credited on contract balances. Other than such compensation, there are no additional charges imposed that reduce the interest rate credited. Due to the absence of additional charges, there is not an expense ratio associated with this product. For some plans, Prudential Retirement uses a portion of its aggregate compensation to satisfy the plan s request for allowances and for payments to defray plan expenses. If Prudential Retirement s aggregate compensation from this product and from other plan investment products exceeds the costs of servicing your plan, Prudential Retirement earns a profit; otherwise we incur a loss. Frequent exchanging between plan investment options may harm long-term investors. Your plan or the plan s investment funds may have provisions to deter exchanges that may be abusive. These policies may require us to modify, restrict or suspend purchase or exchange privileges and/or impose redemption fees. The Prudential Insurance Company of America and Prudential Investment Management, Inc. (PIM) are Prudential Financial companies, PIM is a registered investment adviser. Each company is solely responsible for its financial condition and contractual obligations. NJ, and its related entities, registered in many jurisdictions worldwide.
PruSecure Account ISSUER: The Prudential Insurance Company of America INVESTMENT ADVISER: Prudential Investment Management, Inc. Stable Value $6,281 Million INCEPTION DATE: January 1, 1982 This may be suitable for investors who seek: Preservation of capital plus competitive intermediate-term returns. Portfolio Allocation As of 9/3/21 New York Version Objective & Structure The PruSecure Account (the Account ) is a stable value insurance product designed to provide safety of principal, liquidity and a stable rate of return. The Account Offers Stability of crediting rate Guaranteed protection of principal and accumulated interest from market volatility Intermediate-term fixed income returns Features Principal and accumulated interest are fully guaranteed by The Prudential Insurance Company of America (PICA). Interest crediting rate is declared in advance and is guaranteed for a six month period. Past crediting rates are not indicative of future rates. The Account invests in a broadly diversified, fixed income portfolio within PICA s General Account. The portfolio is primarily invested in public bonds, commercial mortgages and private placement bonds. Amounts withdrawn may be subject to a Market Value Adjustment if individual account withdrawal thresholds are met or exceeded. Interest is credited daily. CREDITING RATE*: 3.1% *Effective 7/1/1; for the period 7/1/1-12/31/1. Average Quality A Average Duration 2.8 Portfolio allocation is subject to change. Average Quality is derived by taking the weighted average of the credit rating for each fixed income security in the portfolio. Duration is a time measure (in years) of a fixed-income security s interest-rate sensitivity. Average duration is a weighted average of the duration of the underlying fixedincome securities within the portfolio. The guaranteed rate will never be less than the rate required by law and in no event will be less than 1%. The PruSecure crediting rate is guaranteed by The Prudential Insurance Company of America which enjoys the following ratings: Rating Agency Rating Description Moody's A2 Good -- 6th highest of 21 Standard & Poor's AA- Very Strong -- 4th highest of 21 A.M. Best A+ Superior -- 2nd highest of 15 Fitch A+ Strong -- 5th highest of 21 U.S. Treasury Rates As of 9/3/21 161826 161826-1-7 Exp. 1/13/212 RSFS16 1 May include agriculture loans, transfer employee mortgages and residential mortgages 2 Includes RMBS = Residential Mortgage Backed Securities, CMO = Collateralized Mortgage Obligation Securities, CMBS = Commercial Mortgage Backed Securities 3 ABS = Asset Backed Securities 4 May include equity, real estate and derivatives used to hedge various risks Claims-paying ratings represents the opinions of rating agencies regarding the financial ability of an insurance company to meet its obligations under its insurance policies. According to Standard & Poor's publications, an insurer rated AA- (4th category of 21) has very strong financial security characteristics, differing only slightly from those rated higher. An insurer rated AAA has extremely strong financial security characteristics. AAA is the highest Insurer Financial Strength Rating assigned by Standard & Poor s. Moody's indicates that 'A2' (6th category of 21) rated insurance companies offer good financial security. Insurance companies rated Aaa offer exceptional financial security. In addition, Moody s appends numerical modifiers 1, 2, 3 to each generic rating classification, with 1 being the highest and 3 being the lowest. Aaa is the highest Insurer Financial Strength Rating assigned by Moody s. Fitch indicates that 'A+' (5th category of 21) companies are viewed as possesing strong capacity to meet policyholder and contract obligations. Risk factors are moderate, and the impact of any adverse business and economic factors is expected to be small. According to Fitch, AAA is Exceptionally Strong. Insurers assigned this highest rating are viewed as possessing an exceptionally strong capacity to meet policyholder and contract obligations. For such companies, risk factors are minimal and the impact on any adverse business and economic factors is expected to be extremely small. AAA is the highest rating issued by Fitch. A.M. Best considers 'A+' (2nd category of 15) rated companies to have a superior ability to meet their ongoing obligations to policyholiders. An A++ rating is assigned to companies that have, in their opinion, a superior ability to meet their ongoing obligations to policyholders. A++ is the highest rating issued by A.M. Best. Rating information current as of September 3, 21. For current information on other Prudential Financial operating insurance companies, please visit the Investor Relations website at www.investor.prudential.com. The PruSecure Account is a group annuity product issued by The Prudential Insurance Company of America (PICA), Newark, NJ 712. Amounts contributed to the contract are deposited in PICA s general account. Payment obligations and the fulfillment of any guarantees specified in the group annuity contract are insurance claims supported by the full faith and credit of PICA. PICA periodically resets the interest rate credited on contract balances, subject to a minimum rate specified in the group annuity contract. Past interest rates are not indicative of future rates. This product is neither a mutual fund nor a bank product. The obligations of PICA are not insured by the FDIC or any other federal governmental agency. Contract form # DC-48- or state variation thereof. Prudential Retirement is compensated in connection with this product when general account investment returns exceed the interest credited on contract balances. Other than such compensation, there are no additional charges imposed that reduce the interest rate credited. Due to the absence of additional charges, there is not an expense ratio associated with this product. For some plans, Prudential Retirement uses a portion of its aggregate compensation to satisfy the plan s request for allowances and for payments to defray plan expenses. If Prudential Retirement s aggregate compensation from this product and from other plan investment products exceeds the costs of servicing your plan, Prudential Retirement earns a profit; otherwise we incur a loss. Frequent exchanging between plan investment options may harm long-term investors. Your plan or the plan s investment funds may have provisions to deter exchanges that may be abusive. These policies may require us to modify, restrict or suspend purchase or exchange privileges and/or impose redemption fees. The Prudential Insurance Company of America and Prudential Investment Management, Inc. (PIM) are Prudential Financial companies, PIM is a registered investment adviser. Each company is solely responsible for its financial condition and contractual obligations. NJ, and its related entities, registered in many jurisdictions worldwide.
Prudential MoneyMart Assets A INVESTMENT ADVISOR: Prudential Investments LLC Money Market - Taxable USTREAS T-Bill Auction Ave 3 Mon GROSS EXPENSE RATIO:.58% of Assets $61. Million INCEPTION DATE: 6/1/1976 PBMXX A PORTFOLIO Management Team MANAGER: Portfolio Allocation As of 9/3/21 The investment seeks maximum current income consistent with stability of capital and the maintenance of liquidity. The fund invests in short-term money market instruments such as obligations issued by the U.S. Government, its agencies and instrumentalities, commercial paper, asset-backed securities, funding agreements, variable rate demand notes, bills, notes and other obligations issued by banks, corporations and other companies, and obligations issued by foreign banks, companies or foreign governments, and municipal notes. It invests only in instruments with remaining maturities of 13 months or less and which are denominated in U.S. dollars. There is no assurance the objectives of the will be met. Fixed income investment (bond) funds are subject to interest rate risk; their value will decline as interest rates rise. An investment in a money market fund is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the seeks to preserve the value of your investment at $1. per share, it is possible to lose money by investing in the. The yield quotation more closely reflects the current earnings of the Portfolio than the total return quotation Cash 1% Annual Performance.27% 2.4% 4.95% 4.45% 2.59%.16% 1.51% 4.77% 5.6% 3.34% Performance(%) As of 9/3/21.1.2.4 1.29 2.57 2.27 NA The 7-Day Current Yield as of 9/3/21 is.2%.4.1.12.9 2.5 2.43 --- Such fees, if applicable to this fund, compensate Prudential Retirement for selling the fund s shares and servicing your retirement plan. The fund s expense ratio includes these fees. Other investment options may generate more or less revenue than the fees associated with this fund. If the aggregate revenue from your plan exceeds our associated costs, we earn a profit. Otherwise, we incur a loss. Other share classes of this fund may have a lower expense ratio, but your plan s investment options do not include such shares to compensate us for distribution and plan servicing. Performance: The performance quoted represents past performance. The investment value and return will fluctuate so that an investment, when redeemed, may be worth more or less than original cost. Past performance does not guarantee future results. Current performance may be lower or higher than the performance quoted. For performance data current to the most recent month end, please call 1-877-778-21. These performance results represent the change in net asset value of an investment over a stated period, assuming the reinvestment of dividends and capital gain distributions. Market Timing: Frequent exchanging of investment options may harm long-term investors. Your plan and/or the fund have policies to detect and deter exchanges that may be abusive. Those policies may require us to modify or suspend purchase or exchange privileges. Prospectus: Before investing, investors should carefully consider the investment objectives, risks, charges and expenses of this fund and other plan investment options. For more information about this fund, please call 1-877- 778-21 for a prospectus that contains this and other information. Please read the prospectus carefully before investing. The performance quoted above does not reflect sales charges that may apply when fund shares are purchased outside of a retirement plan. If such sales charges were reflected, performance may be lower. It is possible to lose money investing in securities. Benchmark performance including the index is unmanaged and cannot be invested in directly. See User Guide for Benchmark definitions. Shares of the registered mutual funds are offered by Prudential Investment Management Services LLC (PIMS), Three Gateway Center, 14th Floor, Newark, NJ 712-477. PIMS is a Prudential Financial company. Prudential, the Prudential logo, and the Rock symbol are service marks of The Prudential Insurance Company of America, Newark, 16366
Prudential Retirement Security Annuity Prudential Retirement Security Annuity II Prudential IncomeFlex Select sm AST Preservation Asset Allocation Portfolio Portfolio MULTI-MANAGER: AST Investment Services, Inc. Prudential Investments, LLC PORTFOLIO CATEGORY: Balanced $5.7 Million INCEPTION DATE: May 1, GROSS EXPENSE RATIO: 2.5% of portfolio assets MANDATE BENCHMARK: 28% Russell 3 ; 7% MSCI EAFE ; 65% Barclays Capital Aggregate Bond OBJECTIVE/DESCRIPTION This Portfolio is one of a series of AST Asset Allocation Portfolios available as a variable investment option under Prudential Retirement Security Annuity and Prudential Retirement Security Annuity II (each, the Annuity). The Annuity is a variable annuity that features Prudential IncomeFlex Select sm, a guaranteed minimum withdrawal benefit included for an additional fee. The Annuity also imposes insurance and administrative charges. For more details about IncomeFlex Select sm and other features and charges of the Annuity, please refer to the product prospectus. AST Preservation Asset Allocation Portfolio seeks the highest potential total return consistent with its specified level of risk tolerance. The Portfolio seeks to achieve its investment objective by investing primarily in one or more Portfolios of the Advanced Series Trust in accordance with its own asset allocation strategy. Under normal market conditions, the Portfolio will devote between 27.5% to 42.5% of its net assets to underlying portfolios investing primarily in equity securities, and 57.5% to 72.5% of its net assets to underlying portfolios investing primarily in debt securities and money market instruments. The IncomeFlex lifetime income guarantees are general account obligations of the Prudential Retirement Insurance and Annuity Company (PRIAC); these guarantees are not obligations of the underlying Portfolio. There is no assurance the portfolio s objectives will be achieved. Asset Class Mix LARGE CAP 28.% Marsico Capital Growth T. Rowe Price Large Cap Growth Large Cap Value AllianceBernstein Growth & Income SMALL CAP 1.4% Federated Aggressive Growth Small Cap Value SPECIALTY 1.3% T. Rowe Price Natural Resources INTERNATIONAL 8.8% International Growth International Value FIXED INCOME 6.% PIMCO Total Return Western Asset Core Plus T. Rowe Price Global Bond SHORT-TERM.5% Dryden Core Investment Performance (%) As of 9/3/21 CUMULATIVE RETURNS AVERAGE ANNUAL TOTAL RETURNS Quarter YTD 1 Year 3 Year 5 Year 1 Year Portfolio 6.26 6.3 7.94.11 1.3 Mandate Benchmark 6.7 7.5 9.14 2.73 The separate account was created on October 6, and the Portfolio was offered through the separate account beginning May 1,. The Portfolio is managed, distributed and maintained by affiliates of PRIAC. In addition, PRIAC has entered into service agreements with the underlying Portfolio, its advisor and/or distributor, under which it may receive a fee of up to.1% annually. Please see the prospectus for additional information about fees and expenses of the Annuity and compensation paid to PRIAC and its affiliates. Such fees, if applicable to this Portfolio, compensate Prudential Retirement for selling the Portfolio shares and servicing your account. The Portfolio s expense ratio includes these fees. Other investment options may generate more or less revenue than the fees associated with this Portfolio. If the aggregate revenue from your account exceeds our associated costs, we earn a profit. Otherwise, we incur a loss. Other share classes of this Portfolio may have a lower expense ratio, but your account s investment options do not include such shares to compensate us for distribution and servicing. Performance: The performance quoted represents past performance. The investment value and return will fluctuate so that an investment, when redeemed, may be worth more or less than original cost. Past performance does not guarantee future results. Current performance may be lower or higher than the performance quoted. For performance data current to the most recent month end, please call 1-877-778-21. These performance results represent the change in net asset value of an investment over a stated period, assuming the reinvestment of dividends and capital gain distributions. Prospectus: Investors should consider the contract and the underlying portfolio's investment objectives, risks, and charges and expenses carefully before investing. The contract's prospectus and the underlying portfolio prospectus contain information relating to investment objectives, risks, and charges and expenses. For more complete information about the investment options available through your account please call 1-8-992-4472 for a free prospectus that contains this and other information. Market Timing: Frequent exchanging of investment options may harm long-term investors. Your plan and/or the fund have policies to detect and deter exchanges that may be abusive. Those policies may require us to modify or suspend purchase or exchange privileges and impose redemption fees. Guarantees are based on the claims-paying ability of the issuing company and are subject to certain limitations terms and conditions. To maintain the IncomeFlex benefit, you must invest in one or more underlying funds offered as investment options under the Annuity. Guarantees do not apply to the investment return or principal value of the separate account or underlying fund. Like all variable investments, these underlying funds may lose value. Withdrawals in excess of the guaranteed lifetime income amount will reduce future guaranteed withdrawals proportionately. The Annuity is a variable annuity issued by Prudential Retirement Insurance and Annuity Company ("PRIAC"), Hartford, CT and offered by Prudential Investment Management Services LLC, both are Prudential Financial companies. A variable annuity is suitable for long-term investing, particularly retirement savings. Eligible investors may purchase the Annuity through a Prudential SmartSolution IRA. Annuity contracts contain exclusions, limitations, reductions of benefits and terms for keeping them in force. Your licensed financial professional can provide you with cost and complete details. The Annuity or certain of its investment options or features may not be available in all states. Contract form # ALC-48-IFGW- or state variation thereof. Investment advisory services are provided by Global Portfolio Strategies, Inc., Tax deferral is generally provided by an Individual Retirement Account and employment based retirement plans. A variable annuity contract should be used to fund a tax favored retirement plan to benefit from the annuity s features other than tax deferral, including lifetime income payout option, the death benefit protection, and the ability to transfer among investment options without sales or withdrawal charges. Benchmark performance including the index is unmanaged and cannot be invested in directly. SECURITIES PRODUCTS ARE NOT FDIC INSURED/NOT BANK GUARANTEED/MAY LOSE VALUE. NJ, and its related entities, registered in many jurisdictions worldwide. 15865-6- ASTPAA AS8-DC/31
Prudential Retirement Security Annuity Prudential Retirement Security Annuity II Prudential IncomeFlex Select sm AST Balanced Asset Allocation Portfolio Portfolio MULTI-MANAGER: AST Investment Services, Inc. Prudential Investments, LLC PORTFOLIO CATEGORY: Balanced $12.37 Million INCEPTION DATE: May 1, GROSS EXPENSE RATIO: 2.53% of portfolio assets MANDATE BENCHMARK: 48% Russell 3 ; 12% MSCI EAFE ; 4% Barclays Capital Aggregate Bond Note: Prior to July 31, : The Mandate Benchmark is 44% Russell 3 ; 11% MSCI EAFE ; 45% Lehman Brothers Aggregate Bond. OBJECTIVE/DESCRIPTION This Portfolio is one of a series of AST Asset Allocation Portfolios available as a variable investment option under Prudential Retirement Security Annuity and Prudential Retirement Security Annuity II (each, the Annuity). The Annuity is a variable annuity that features Prudential IncomeFlex Select sm, a guaranteed minimum withdrawal benefit included for an additional fee. The Annuity also imposes an insurance and administrative charges. For more details about IncomeFlex Select sm and other features and charges of the Annuity, please refer to the product prospectus. AST Balanced Asset Allocation Portfolio seeks the highest potential total return consistent with its specified level of risk tolerance. The Portfolio seeks to achieve its investment objective by investing primarily in one or more Portfolios of the Advanced Series Trust in accordance with its own asset allocation strategy. Under normal market conditions, the Portfolio will devote between 52.5%-67.5%% of its net assets to underlying portfolios investing primarily in equity securities, and 32.5%-47.5% of its net assets to underlying portfolios investing primarily in debt securities and money market instruments. The IncomeFlex lifetime income guarantees are general account obligations of the Prudential Retirement Insurance and Annuity Company (PRIAC); these guarantees are not obligations of the underlying Portfolio. There is no assurance the portfolio s objectives will be achieved. Asset Class Mix LARGE CAP 44% Marsico Capital Growth T. Rowe Price LCG MFS Growth AllianceBernstein Growth & Income Large Cap Value DeAM Large Cap Value MID/SMALL CAP 4% Neuberger Berman Mid Cap Growth Mid Cap Value Federated Aggressive Growth Small Cap Value INTERNATIONAL EQUITY 12% International Growth International Value Parametric Emerging Markets FIXED INCOME 36% PIMCO Total Return Bond WAMCO Core Plus FI High Yield T. Rowe Price Global Bond SPECIALTY 4% Global REIT T. Rowe Price Nat Resources Performance (%) As of 9/3/21 CUMULATIVE RETURNS AVERAGE ANNUAL TOTAL RETURNS Quarter YTD 1 Year 3 Year 5 Year 1 Year Portfolio 8.55 4.7 7.77-3.79-2.5 Mandate Benchmark 8.9 6.33 9.47 -.13 The separate account was created on October 6, and the Portfolio was offered through the separate account beginning May 1,. The Portfolio is managed, distributed and maintained by affiliates of PRIAC. In addition, PRIAC has entered into service agreements with the underlying Portfolio, its advisor and/or distributor, under which it may receive a fee of up to.1% annually. Please see the prospectus for additional information about fees and expenses of the Annuity and compensation paid to PRIAC and its affiliates. Such fees, if applicable to this Portfolio, compensate Prudential Retirement for selling the Portfolio shares and servicing your account. The Portfolio s expense ratio includes these fees. Other investment options may generate more or less revenue than the fees associated with this Portfolio. If the aggregate revenue from your account exceeds our associated costs, we earn a profit. Otherwise, we incur a loss. Other share classes of this Portfolio may have a lower expense ratio, but your account s investment options do not include such shares to compensate us for distribution and servicing. Performance: The performance quoted represents past performance. The investment value and return will fluctuate so that an investment, when redeemed, may be worth more or less than original cost. Past performance does not guarantee future results. Current performance may be lower or higher than the performance quoted. For performance data current to the most recent month end, please call 1-877-778-21. These performance results represent the change in net asset value of an investment over a stated period, assuming the reinvestment of dividends and capital gain distributions. Prospectus: Investors should consider the contract and the underlying portfolio's investment objectives, risks, and charges and expenses carefully before investing. The contract's prospectus and the underlying portfolio prospectus contain information relating to investment objectives, risks, and charges and expenses. For more complete information about the investment options available through your account please call 1-8-992-4472 for a free prospectus that contains this and other information. Market Timing: Frequent exchanging of investment options may harm long-term investors. Your plan and/or the fund have policies to detect and deter exchanges that may be abusive. Those policies may require us to modify or suspend purchase or exchange privileges and impose redemption fees. Guarantees are based on the claims-paying ability of the issuing company and are subject to certain limitations terms and conditions. To maintain the IncomeFlex benefit, you must invest in one or more underlying funds offered as investment options under the Annuity. Guarantees do not apply to the investment return or principal value of the separate account or underlying fund. Like all variable investments, these underlying funds may lose value. Withdrawals in excess of the guaranteed lifetime income amount will reduce future guaranteed withdrawals proportionately. The Annuity is a variable annuity issued by Prudential Retirement Insurance and Annuity Company ("PRIAC"), Hartford, CT and offered by Prudential Investment Management Services LLC, both are Prudential Financial companies. A variable annuity is suitable for long-term investing, particularly retirement savings. Eligible investors may purchase the Annuity through a Prudential SmartSolution IRA. Annuity contracts contain exclusions, limitations, reductions of benefits and terms for keeping them in force. Your licensed financial professional can provide you with cost and complete details. The Annuity or certain of its investment options or features may not be available in all states. Contract form # ALC-48-IFGW- or state variation thereof. Investment advisory services are provided by Global Portfolio Strategies, Inc., Tax deferral is generally provided by an Individual Retirement Account and employment based retirement plans. A variable annuity contract should be used to fund a tax favored retirement plan to benefit from the annuity s features other than tax deferral, including lifetime income payout option, the death benefit protection, and the ability to transfer among investment options without sales or withdrawal charges. Benchmark performance including the index is unmanaged and cannot be invested in directly. SECURITIES PRODUCTS ARE NOT FDIC INSURED/NOT BANK GUARANTEED/MAY LOSE VALUE. NJ, and its related entities, registered in many jurisdictions worldwide. 158647-6- ASTCAA AS7-DC/31
Prudential Retirement Security Annuity Prudential Retirement Security Annuity II Prudential IncomeFlex Select sm AST Capital Growth Asset Allocation Portfolio Portfolio MULTI-MANAGER: AST Investment Services, Inc. Prudential Investments, LLC PORTFOLIO CATEGORY: Balanced $3.8 Million INCEPTION DATE: May 1, GROSS EXPENSE RATIO: 2.57% of portfolio assets MANDATE BENCHMARK: 6% Russell 3 ; 15% MSCI EAFE ; 25% Barclays Capital Aggregate Bond OBJECTIVE/DESCRIPTION This Portfolio is one of a series of AST Asset Allocation Portfolios available as a variable investment option under Prudential Retirement Security Annuity and Prudential Retirement Security Annuity II (each, the Annuity). The Annuity is a variable annuity that features Prudential IncomeFlex Select sm, a guaranteed minimum withdrawal benefit included for an additional fee. The Annuity also imposes insurance and administrative charges. For more details about IncomeFlex Select sm and other features and charges of the Annuity, please refer to the product prospectus. AST Capital Growth Asset Allocation Portfolio: seeks the highest potential total return consistent with its specified level of risk tolerance. The Portfolio will invest its assets in several other Advanced Series Trust Portfolios. Under normal market conditions, the Portfolio will devote approximately 75% of its net assets to underlying portfolios investing primarily in equity securities (with a range of 67.5% to 8%), and 25% of its net assets to underlying portfolios investing primarily in debt securities and money market instruments (with a range of 2.% to 32.5%). The IncomeFlex lifetime income guarantees are general account obligations of the Prudential Retirement Insurance and Annuity Company (PRIAC); these guarantees are not obligations of the underlying Portfolio. There is no assurance the portfolio s objectives will be achieved. Asset Class Mix LARGE CAP 54.1% Marsico Capital Growth T. Rowe Price Large Cap Growth Large Cap Value AllianceBernstein Growth & Income MID CAP 1.6% Neuberger Berman Mmid Cap Growth Mid Cap Value SMALL CAP 3.2% Federated Aggressive Growth Small Cap Value SPECIALTY 2.8% T. Rowe Price Natural Resources INTERNATIONAL 17.6% International Growth International Value FIXED INCOME 2.2% PIMCO Total Return Western Asset Core Plus T. Rowe Price Global Bond SHORT-TERM.5% Dryden Core Investment Performance (%) As of 9/3/21 CUMULATIVE RETURNS AVERAGE ANNUAL TOTAL RETURNS Quarter YTD 1 Year 3 Year 5 Year 1 Year Portfolio 1.1 3.99 7.53-6.73-5.23 Mandate Benchmark 1.8 5.46 9.62-3.12 The separate account was created on October 6, and the Portfolio was offered through the separate account beginning May 1,. The Portfolio is managed, distributed and maintained by affiliates of PRIAC. In addition, PRIAC has entered into service agreements with the underlying Portfolio, its advisor and/or distributor, under which it may receive a fee of up to.1% annually. Please see the prospectus for additional information about fees and expenses of the Annuity and compensation paid to PRIAC and its affiliates. Such fees, if applicable to this Portfolio, compensate Prudential Retirement for selling the Portfolio shares and servicing your account. The Portfolio s expense ratio includes these fees. Other investment options may generate more or less revenue than the fees associated with this Portfolio. If the aggregate revenue from your account exceeds our associated costs, we earn a profit. Otherwise, we incur a loss. Other share classes of this Portfolio may have a lower expense ratio, but your account s investment options do not include such shares to compensate us for distribution and servicing. Performance: The performance quoted represents past performance. The investment value and return will fluctuate so that an investment, when redeemed, may be worth more or less than original cost. Past performance does not guarantee future results. Current performance may be lower or higher than the performance quoted. For performance data current to the most recent month end, please call 1-877-778-21. These performance results represent the change in net asset value of an investment over a stated period, assuming the reinvestment of dividends and capital gain distributions. Prospectus: Investors should consider the contract and the underlying portfolio's investment objectives, risks, and charges and expenses carefully before investing. The contract's prospectus and the underlying portfolio prospectus contain information relating to investment objectives, risks, and charges and expenses. For more complete information about the investment options available through your account please call 1-8-992-4472 for a free prospectus that contains this and other information. Market Timing: Frequent exchanging of investment options may harm long-term investors. Your plan and/or the fund have policies to detect and deter exchanges that may be abusive. Those policies may require us to modify or suspend purchase or exchange privileges and impose redemption fees. Guarantees are based on the claims-paying ability of the issuing company and are subject to certain limitations terms and conditions. To maintain the IncomeFlex benefit, you must invest in one or more underlying funds offered as investment options under the Annuity. Guarantees do not apply to the investment return or principal value of the separate account or underlying fund. Like all variable investments, these underlying funds may lose value. Withdrawals in excess of the guaranteed lifetime income amount will reduce future guaranteed withdrawals proportionately. The Annuity is a variable annuity issued by Prudential Retirement Insurance and Annuity Company ("PRIAC"), Hartford, CT and offered by Prudential Investment Management Services LLC, both are Prudential Financial companies. A variable annuity is suitable for long-term investing, particularly retirement savings. Eligible investors may purchase the Annuity through a Prudential SmartSolution IRA. Annuity contracts contain exclusions, limitations, reductions of benefits and terms for keeping them in force. Your licensed financial professional can provide you with cost and complete details. The Annuity or certain of its investment options or features may not be available in all states. Contract form # ALC-48-IFGW- or state variation thereof. Investment advisory services are provided by Global Portfolio Strategies, Inc., Tax deferral is generally provided by an Individual Retirement Account and employment based retirement plans. A variable annuity contract should be used to fund a tax favored retirement plan to benefit from the annuity s features other than tax deferral, including lifetime income payout option, the death benefit protection, and the ability to transfer among investment options without sales or withdrawal charges. Benchmark performance including the index is unmanaged and cannot be invested in directly. SECURITIES PRODUCTS ARE NOT FDIC INSURED/NOT BANK GUARANTEED/MAY LOSE VALUE. NJ, and its related entities, registered in many jurisdictions worldwide. 158649-7- ASTCGA AS5-DC/31
Target Total Return Bond R Sub-Advised by Pacific Investment Management Company (PIMCO) INVESTMENT ADVISOR: Prudential Investments LLC Intermediate-Term Bond BarCap US Govt/Credit 5-1 Yr TR USD $11. Million INCEPTION DATE: 1/5/1993 TTBRX GROSS EXPENSE RATIO: 1.57% PORTFOLIO MANAGER: Chris P. Dialynas Morningstar Style Box TM Results of $ Investment* 15, 5, 6 7 8 9 1 Target Total Return Bond R $14,121 24 23 22 21 2 Data Not Available 16.69% 1.34% 8.43% 2.59% 1.39% 1.8% 5.1% 8.69% 7.26% 9.95% 6.5% 5.6% 7.55% 3.81% 1.83% 5.3% 5.97% 13.3% 8.82% 12.44% The investment seeks total return consisting of current income and capital appreciation. The fund invests at least 8% of investable assets in "investment-grade" debt obligations issued or guaranteed by the U.S. government and its agencies, or issued by U.S. companies, foreign companies and foreign governments and their agencies and unrated debt obligations that we believe are comparable in quality. It invests up to 3% of total assets in foreign currencydenominated debt obligations. The fund may invest up to 25% of assets in privately issued mortgage-related securities. There is no assurance the objectives of the will be met. Shares of this fund are not issued or guaranteed by the U.S. Government. Fixed income investment (bond) funds are subject to interest rate risk; their value will decline as interest rates rise. Top Five Holdings As of 7/31/21 FNMA... 3.26% Credit Default Swap... 3.16% Credit Default Swap... 3.13% United States Treas Bds 8%... 2.78% FNMA... 2.74% Top Five Sectors As of 7/31/21 US Treasury... 4.42% US Corporate... 2.41% Mortgage CMO... 11.88% Foreign Corp...9.73% Mtg Pass-thru... 8.3% Quality Distribution Data Not Available Portfolio Characteristics As of 7/31/21 Effective Duration NA 6.37 Yrs Average Maturity NA 7.5 Yrs Average Quality NA BB Average Coupon 5.19% 5.5% As of 9/3/21 _ 3.15 9.17 9.58 1.8 7.56 6.89 --- 4.78 11.92 11.98 9.4 7.1 7.45 --- 12b-1 fee of.5%, after waiver, and an annual sub-accounting and/or servicing fee of.37%. The expense ratio after the waiver is 1.32%. The Distributor has contractually agreed to this waiver through February 28, 211. Performance Disclosure: Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Class R shares were introduced on August 21, ; results prior to that date are hypothetical, based on Class T share returns at net asset value adjusted for additional distribution and service (12b-1) fees of.75% annually. Hypothetical Class R share returns would be greater with the waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class T shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. For performance information current to the most recent month end, please call 1-877-778-21 or visit our website account, please call 1-877-778-21 for a free prospectus that contains this and other information about our funds. 712-477. PIMS is a Prudential Financial company. Investment Advisory services provided by Global Portfolio Strategies, Inc., 15978-6-
Prudential Government Income R INVESTMENT ADVISOR: Prudential Investments LLC Intermediate Government BarCap US Government TR USD $6.1 Million INCEPTION DATE: 5/17/24 JDRVX GROSS EXPENSE RATIO: 1.41% PORTFOLIO MANAGERS: Craig Dewling Robert Tipp, CFA Richard Piccirillo Morningstar Style Box TM As of 9/3/21 The vertical axis represents the 's average credit quality as measured by Standard & Poor's rating service. High >= AA Medium <AA and >=BBB Low <BBB The horizontal axis represents the 's sensitivity to interest rates as measured by the average effective duration: Ltd <=3.5 Yrs Mod > 3.5 Yrs and <=6 Yrs Ext > 6 Yrs Results of $ Investment* 15, 5, 4 5 6 7 8 9 1 Prudential Government Income R $13,618 24 23 22 21 2 7.61% 3.17% 5.6% 2.91% 1.8% 2.49% 1.44% 9.6% 7.14% 1.98% -2.2% 12.39% 8.66% 3.48% 2.65% 3.48% 2.36% 11.5% 7.23% 13.24% The investment seeks current income. The fund invests at least 8% of assets in U.S. government securities, including U.S. treasury bills, notes, bonds, strips and other debt securities issued by the U.S. treasury, and obligations, including mortgage-related securities, issued or guaranteed by U.S. government agencies or instrumentalities. It normally invests up to 2% of assets in money market instruments, including commercial paper of U.S. companies, short-term obligations of banks, certificates of deposit, and banker's acceptances. The fund may invest in foreign bank debt. There is no assurance that the objectives of the will be met. Shares of this fund are not issued or guaranteed by the U.S. Government. Fixed income investment (bond) funds are subject to interest rate risk; their value will decline as interest rates rise. The guarantee on U.S. Government securities applies only to the underlying securities of the s portfolio and not to the value of the fund s shares. Top Five Holdings As of 8/31/21 Prudential Core Short Corp Bond... 12.54% Dryden Core Invest... 5.34% US Treasury Note.375%... 5.5% FNMA... 5.% FNMA... 4.92% Top Five Sectors As of 8/31/21 Mtg Pass-thru... 24.6% US Agency... 24.52% Mortgage CMO... 24.45% US Treasury...16.53% Asset-Backed... 5.15% Quality Distribution As of 8/31/21 AAA 84.36% AA 15.5% A.14% Portfolio Characteristics As of 8/31/21 Effective Duration 3.46 Yrs NA Average Maturity NA NA Average Quality AAA NA Average Coupon 4.52% NA Performance*\(%) As of 9/3/21 _ 2.9 7.73 8.36 6.76 5.32 5.31 --- 2.52 8.5 6.97 7.2 6.1 6.19 --- 12b-1 fee of.5%, after waiver, and an annual sub-accounting and/or servicing fee of.13%. The expense ratio after the waiver is 1.16%. The Distributor has contractually agreed to this waiver through June 3, 211. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month end, please call 1-877-778-21 or visit our website Performance Disclosure: Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Class R shares were introduced on May 17, 24; results prior to that date are hypothetical, based on Class A share returns at net asset value adjusted for additional distribution and service (12b-1) fees of.75% annually. Hypothetical waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class A shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. account, please call 1-877-778-21 for a free prospectus that contains this and other information about our funds. 712-477. PIMS is a Prudential Financial company. Investment Advisory services provided by Global Portfolio Strategies, Inc., 15868-6-
Prudential High-Yield R INVESTMENT ADVISOR: Prudential Investments LLC High Yield Bond BofAML US HY Master II TR USD $11.4 Million INCEPTION DATE: 6/3/ JDYRX GROSS EXPENSE RATIO: 1.41% PORTFOLIO MANAGERS: Stephen Haeckel Terrence Wheat, CFA Robert Spano, CFA Paul Appleby, CFA Michael J. Collins, CFA Morningstar Style Box TM As of 9/3/21 The vertical axis represents the 's average credit quality as measured by Standard & Poor's rating service. High >= AA Medium <AA and >=BBB Low <BBB The horizontal axis represents the 's sensitivity to interest rates as measured by the average effective duration: Ltd <=3.5 Yrs Mod > 3.5 Yrs and <=6 Yrs Ext > 6 Yrs Results of $ Investment* 15, 5, 5 6 7 8 9 1 Prudential High-Yield R $14,53 24 23 22 21 2 47.63% -22.59% 2.5% 1.48% 2.54% 9.37% 25.34% -2.23% -.26% -7.35 % 54.22% -25.9% 2.66% 11.92% 2.26% 11.96% 27.93% 3.11% 5.78% -5.21% The investment seeks to maximize current income and capital appreciation is a secondary objective. The fund normally invests at least 8% of assets in a diversified portfolio of high-yield fixed-income securities rated Ba or lower by Moody's Investors Service (Moody's) or BB or lower by Standard & Poor's Ratings Group (Standard & Poor's), and securities either rated by another major rating service or securities considered by us to be of comparable quality, that is, junk bonds. There is no assurance the objectives of the will be met. Shares of this fund are not issued or guaranteed by the U.S. Government. Fixed income investment (bond) funds are subject to interest rate risk; their value will decline as interest rates rise. High yield "junk" bonds involve a greater risk of default of payment of principal and interest than higher-rated bonds. Also, these bonds tend to be less liquid than higher-rated securities. Therefore, an investment in the may not be appropriate for short-term investing. Top Five Holdings As of 8/31/21 Dryden Core Invest... 2.37% Avaya 9.75%... 1.12% Charter Comms Oper 144A 8%... 1.1% Nxp B V / Nxp Fdg 144A 9.75%... 1.2% Sensata Tech Bv 8%....93% Top Five Sectors As of 8/31/21 US Corporate... 82.63% Foreign Corp...14.94% Asset-Backed... 2.43% Mortgage CMO....1% Quality Distribution As of 8/31/21 B 41.52% Below B 26.71% BB 24.76% BBB 3.95% AAA 1.5% Not Rated 1.31% A.19% AA.6% Portfolio Characteristics As of 8/31/21 Effective Duration 3.57 Yrs NA Average Maturity NA NA Average Quality Below B NA Average Coupon 8.76% NA To see a full disclosure of all risks that pertain to this fund, please refer to the prospectus. As of 9/3/21 _ 6.9 1.18 17.41 7.6 7.51 6.33 --- 6.7 11.76 18.52 8.61 8.3 --- --- 12b-1 fee of.5%, after waiver, and an annual sub-accounting and/or servicing fee of.13%. The expense ratio after the waiver is 1.16%. The Distributor has contractually agreed to this waiver through December 31, 21. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month end, please call 1-877-778-21 or visit our website Performance Disclosure: Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Class R shares were introduced on June 3, ; results prior to that date are hypothetical, based on Class A share returns at net asset value adjusted for additional distribution and service (12b-1) fees of.75% annually. The Portfolio's Distributor has contractually agreed to waive.25% annually of the Class R 12b-1 fee through August 31,. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. account, please call 1-877-778-21 for a free prospectus that contains this and other information about our funds. 712-477. PIMS is a Prudential Financial company. Investment Advisory services provided by Global Portfolio Strategies, Inc., 158684-8-
Target Large Cap Growth R Co-Investment Advisors: Marsico Capital, and Goldman Sachs Asset Management INVESTMENT ADVISOR: Prudential Investments LLC Large Growth Russell 1 Growth $93. Million INCEPTION DATE: 1/5/1993 TLCRX R GROSS EXPENSE RATIO: 1.61% PORTFOLIO MANAGERS: Thomas F. Marsico A. Douglas Rao Stephen Pesek, CFA The investment seeks long-term capital appreciation. The fund normally invests at least 8% of investable assets in common stocks of large companies which have market capitalization like those in the Russell 1 index. It purchases stocks of large companies that the Portfolio believes will experience earnings growth at a rate faster than that of the S&P 5 index. The fund invests primarily in common stocks of U.S. companies, but it may also invest in foreign companies, including companies in emerging market countries. It can invest in ADRs, ADSs, GDRs and EDRs as well. There is no assurance that the objectives of the will be met. Top Five Holdings As of 7/31/21 Apple, Inc.... 6.56% Google, Inc.... 3.16% Cisco Systems, Inc.... 3.11% Prudential Core Invt... 3.1% McDonald's Corporation... 2.8% Top Five Sectors As of 7/31/21 Industrial Materials... 17.49% Hardware... 15.79% Financial Services... 12.48% Consumer Services... 12.43% Consumer Goods...8.64% Morningstar Style Box TM As of 9/3/21 Results of $ Investment* 15, 5, Domestic equity funds are placed in a category based on the style and size of the stocks they typically own. The style and size parameters are based on the divisions used in the investment style box: Value, Blend, or Growth style and Small, Medium, or Large geometric average market capitalization. 6 7 8 9 1 Target Large Capitalization Growth R $9,324 24 23 22 21 2 27.34% -4.21% 8.58% 7.78% 5.95% 3.% 38.49% -32.21% -3.84% -4.9% 37.21% -38.44% 11.81% 9.7% 5.26% 6.3% 29.75% -27.88% -2.42% -22.42% Portfolio Allocation As of 7/31/21 US Stocks 9.51% Non-US Stocks 5.99% Cash 3.1% Preferred.49% Portfolio Characteristics As of 7/31/21 Weighted Geometric Market Cap. $41.74 $34.87 Price/Earnings Ratio (Forward) 16.43x 15.59x Price/Book Ratio 2.55x 3.26x Dividend Yield.31% NA 3-Year Earnings Growth Rate 11.56% 8.2% As of 9/3/21 12.59 3.24 9.28-8.21-1. -6.4 --- 13. 4.36 12.65-4.36 2.6-3.44 --- 12b-1 fee of.5%, after waiver, and an annual sub-accounting and/or servicing fee of.42%. The expense ratio after the waiver is 1.52%. The Distributor has contractually agreed to this waiver through February 28, 211. Performance Disclosure: Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Class R shares were introduced on August 21, ; results prior to that date are hypothetical, based on Class T share returns at net asset value adjusted for additional distribution and service (12b-1) fees of.75% annually. Hypothetical Class R share returns would be greater with the waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class T shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. For performance information current to the most recent month end, please call 1-877-778-21 or visit our website account, please call 1-877-778-21 for a free prospectus that contains this and other information about our funds. 712-477. PIMS is a Prudential Financial company. Investment Advisory services provided by Global Portfolio Strategies, Inc., 15875-8-
Prudential Jennison Growth R INVESTMENT ADVISOR: Prudential Investments LLC Large Growth Russell 1 Growth $9. Million INCEPTION DATE: 12/17/24 PJGRX Retirement GROSS EXPENSE RATIO: 1.58% PORTFOLIO MANAGERS: Spiros Segalas Kathleen A. McCarragher Michael A. Del Balso Morningstar Style Box TM As of 9/3/21 Results of $ Investment* 15, 5, Domestic equity funds are placed in a category based on the style and size of the stocks they typically own. The style and size parameters are based on the divisions used in the investment style box: Value, Blend, or Growth style and Small, Medium, or Large geometric average market capitalization. 4 5 6 7 8 9 Prudential Jennison Growth R $11,32 24 23 22 21 2 42.58% -37.93% 1.92% 1.61% 13.6% 8.32% 29.24% -31.5% -18.96% -18.34% 37.21% -38.44% 11.81% 9.7% 5.26% 6.3% 29.75% -27.88% -2.42% -22.42% The investment seeks long-term growth of capital. The fund normally invests at least 65% of assets in equity related securities of medium to large capitalization companies that exceed $1 billion in market capitalization. It may invest in common stocks, nonconvertible securities, ADRs, REITs, warrants and rights that can be exercised to obtain stock. The fund may invest up to 2% of assets in foreign equity securities. It may also invest in mortgage-backed securities, money market instruments, options and make short sales of a security. There is no assurance that the objectives of the will be met. Top Five Holdings As of 8/31/21 Apple, Inc.... 5.2% Amazon.com, Inc.... 3.88% Walt Disney Company... 3.5% Schlumberger, Ltd.... 2.64% Visa, Inc.... 2.63% Portfolio Allocation As of 8/31/21 US Stocks 91.81% Non-US Stocks 6.64% Cash 1.54% Top Five Sectors As of 8/31/21 Hardware... 22.34% Consumer Services... 14.14% Healthcare... 14.1% Consumer Goods...1.88% Financial Services... 1.23% Portfolio Characteristics As of 8/31/21 Weighted Geometric Market Cap. $34.99 $34.87 Price/Earnings Ratio (Forward) 16.7x 15.59x Price/Book Ratio 2.76x 3.26x Dividend Yield.% NA 3-Year Earnings Growth Rate 16.84% 8.2% As of 9/3/21 11.97 -.26 8.94-3.98 1. -3.14 --- 13. 4.36 12.65-4.36 2.6-3.44 --- 12b-1 fee of.5%, after waiver, and an annual sub-accounting and/or servicing fee of.13%. The expense ratio after the waiver is 1.33%. The Distributor has contractually agreed to this waiver through January 31, 211. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month end, please call 1-877-778-21 or visit our website Performance Disclosure: Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Class R shares were introduced on December 17, 24; results prior to that date are hypothetical, based on Class A share returns at net asset value adjusted for additional distribution and service (12b-1) fees of.75% annually. Hypothetical waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class A shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. account, please call 1-877-778-21 for a free prospectus that contains this and other information about our funds. 712-477. PIMS is a Prudential Financial company. Investment Advisory services provided by Global Portfolio Strategies, Inc., 15872-7-
Prudential Stock A INVESTMENT ADVISOR: Prudential Investments LLC Large Blend Russell 1 $113.8 Million INCEPTION DATE: 11/18/1999 PSIAX A GROSS EXPENSE RATIO:.83% PORTFOLIO MANAGERS: John Moschberger, CFA Wai Chiang The investment seeks to provide investment results that correspond to the price and yield performance of the Standard & Poor s 5 Composite Stock Price index. The fund normally invests over 8% of assets in securities included in the S&P 5 index in approximately the same proportions as those of the index. There is no assurance the objectives of the will be met. Top Five Holdings As of 8/31/21 ExxonMobil Corporation... 3.13% Apple, Inc.... 2.29% Microsoft Corporation... 1.86% Procter & Gamble Company... 1.77% AT&T, Inc.... 1.67% Top Five Sectors As of 8/31/21 Financial Services... 16.36% Consumer Goods... 11.72% Healthcare... 11.52% Industrial Materials...11.2% Energy... 1.99% Morningstar Style Box TM As of 9/3/21 Domestic equity funds are placed in a category based on the style and size of the stocks they typically own. The style and size parameters are based on the divisions used in the investment style box: Value, Blend, or Growth style and Small, Medium, or Large geometric average market capitalization. Portfolio Allocation As of 8/31/21 US Stocks 97.72% Cash 1.81% Other.47% Portfolio Characteristics As of 8/31/21 Weighted Geometric Market Cap. $41.46 $32.79 Price/Earnings Ratio (Forward) 12.89x 14.27x Price/Book Ratio 1.87x 2.1x Dividend Yield 1.52% NA 3-Year Earnings Growth Rate 1.9% 2.29% Results of $ Investment* 15, 5, 99 1 2 3 4 5 6 7 8 9 Prudential Stock A $8,985 24 23 22 21 2 25.85% -37.1% 5.% 15.17% 4.28% 1.22% 27.93% -22.52% -12.39% -9.1% 28.43% -37.6% 5.77% 15.46% 6.27% 11.4% 29.89% -21.65% -12.45% -7.79% As of 9/3/21 11.9 3.47 9.68-7.52.19 -.91 NA 11.55 4.41 1.75-6.79.86 -.21 --- 12b-1 fee of.25%, after waiver, and an annual sub-accounting and/or servicing fee of.13%. The expense ratio after the waiver is.61%. The Distributor has contractually agreed to this waiver through January 31, 211. so that an investor's shares, when redeemed, may be worth more or less than original cost. For performance information current to the most recent month end, please call 1-877-778-21 or visit our website at www.prudential.com. These performance results represent the change in net asset value of an investment over a stated period, assuming the reinvestment of dividends and capital gains distributions. The performance results shown do not reflect the deduction of the sales charge that may apply if the shares were purchased outside of the plans or other programs. This waiver applies because the source of this money is from a retirement plan record kept by Prudential Retirement. If a sales charge were reflected, performance would be lower. This is the performance that best reflects your investment experience, as sales charges do not apply to your plan. account, please call 1-877-778-21 for a free prospectus that contains this and other information about our funds. 712-477. PIMS is a Prudential Financial company. Investment Advisory services provided by Global Portfolio Strategies, Inc., 15873-8-
Prudential Jennison 2/2 Focus R INVESTMENT ADVISOR: Prudential Investments LLC Large Growth Russell 1 Growth TR USD $77.8 Million INCEPTION DATE: 6/14/24 JTWRX Retirement GROSS EXPENSE RATIO: 1.65% PORTFOLIO MANAGERS: Spiros Segalas David A. Kiefer, CFA The investment seeks long-term growth of capital. The fund normally invests at least 8% of total assets in approximately 4 (which may range up to 45) equity and equity-related securities of companies that we believe have strong capital appreciation potential. Equity and equity-related securities in which the primarily invests are common stocks, nonconvertible preferred stocks and convertible securities. It participates in the initial public offering (IPO) market. The fund may actively and frequently trade its portfolio securities. It is nondiversified. There is no assurance that the objectives of the will be met. Top Five Holdings As of 8/31/21 Bunge, Ltd.... 3.6% Newmont Mining Corporation... 3.55% Apple, Inc.... 3.49% Viacom, Inc. B... 3.11% Kraft Foods, Inc.... 3.7% Top Five Sectors As of 8/31/21 Industrial Materials... 15.92% Hardware... 15.18% Energy... 13.74% Consumer Goods...12.11% Media... 8.6% Morningstar Style Box TM As of 9/3/21 Results of $ Investment* 2, 15, 5, Domestic equity funds are placed in a category based on the style and size of the stocks they typically own. The style and size parameters are based on the divisions used in the investment style box: Value, Blend, or Growth style and Small, Medium, or Large geometric average market capitalization. 4 5 6 7 8 9 1 Prudential Jennison 2/2 Focus R $15,33 24 23 22 21 2 57.13% -39.97% 9.71% 14.6% 21.33% 16.17% 28.15% -22.95% -2.59% -8.68% 37.21% -37.6% 5.77% 15.46% 6.27% 11.4% 29.89% -21.65% -12.45% -7.79% Portfolio Allocation As of 8/31/21 US Stocks 9.58% Non-US Stocks 6.61% Cash 2.81% Portfolio Characteristics As of 8/31/21 Weighted Geometric Market Cap. $22.4 $34.87 Price/Earnings Ratio (Forward) 14.38x 15.59x Price/Book Ratio 2.15x 3.26x Dividend Yield.% NA 3-Year Earnings Growth Rate 1.59% 8.2% As of 9/3/21 11.66-3.95 7.7-3.69 3.25 4.11 --- 13. 4.36 12.65-4.36 2.6-3.44 --- 12b-1 fee of.75%, after waiver, and an annual sub-accounting and/or servicing fee of.17%. The expense ratio after the waiver is 1.4%. The Distributor has contractually agreed to this waiver through May 31, 211. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month end, please call 1-877-778-21 or visit our website Performance Disclosure: Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Class R shares were introduced on June 14, 24; results prior to that date are hypothetical, based on Class A share returns at net asset value adjusted for additional distribution and service (12b-1) fees of.75% annually. Hypothetical waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class A shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. account, please call 1-877-778-21 for a free prospectus that contains this and other information about our funds. 712-477. PIMS is a Prudential Financial company. Investment Advisory services provided by Global Portfolio Strategies, Inc., 158689-8-
Target Large Cap Value R Co-Investment Advisors: Hotchkis & Wiley Capital Management, JP Morgan Asset Management, and NFJ Investment Group INVESTMENT ADVISOR: Prudential Investments LLC Large Value Russell 1 Value $93.2 Million INCEPTION DATE: 1/5/1993 TLVRX R GROSS EXPENSE RATIO: 1.58% PORTFOLIO MANAGERS: Judd Peters Scott McBride Thomas W. Oliver John D. Crowley, CFA Matthew F. Beaudry Morningstar Style Box TM As of 9/3/21 Results of $ Investment* 15, 5, Domestic equity funds are placed in a category based on the style and size of the stocks they typically own. The style and size parameters are based on the divisions used in the investment style box: Value, Blend, or Growth style and Small, Medium, or Large geometric average market capitalization. 6 7 8 9 1 Target Large Capitalization Value R $7,788 24 23 22 21 2 17.95% -4.66% -1.3% 18.61% 5.7% 17.98% 35.35% -14.22%.46% 7.41% 19.69% -36.85% -.17% 22.25% 7.5% 16.49% 3.3% -15.52% -5.59% 7.1% The investment seeks total return consisting of capital appreciation and dividend income. The fund normally invests at least 8% of investable assets in common stocks and securities convertibles into common stocks of large companies with market capitalizations like those in the Russell 1 index. It invests primarily in common stocks of U.S. companies, but may also purchase common stocks of foreign companies. The fund may invest in ADRs, ADSs, GDRs and EDRs. There is no assurance that the objectives of the will be met. Top Five Holdings As of 7/31/21 ConocoPhillips... 3.2% J.P. Morgan Chase & Co.... 3.2% Wells Fargo Company... 2.6% Bank of America Corporation... 2.47% Pfizer Inc.... 2.43% Portfolio Allocation As of 7/31/21 US Stocks 93.27% Non-US Stocks 4.9% Cash 1.82% Top Five Sectors As of 7/31/21 Financial Services... 25.75% Energy... 13.18% Industrial Materials... 11.6% Healthcare...1.73% Consumer Services... 9.53% Portfolio Characteristics As of 7/31/21 Weighted Geometric Market Cap. $41.54 $3.82 Price/Earnings Ratio (Forward) 11.64x 13.14x Price/Book Ratio 1.58x 1.45x Dividend Yield 1.54% NA 3-Year Earnings Growth Rate -5.52% -3.74% As of 9/3/21 1.13 2.49 7.86-12.3-3.3 2.64 --- 1.13 4.49 8.9-9.39 -.48 2.59 --- 12b-1 fee of.5%, after waiver, and an annual sub-accounting and/or servicing fee of.42%. The expense ratio after the waiver is 1.52%. The Distributor has contractually agreed to this waiver through February 28, 211. Performance Disclosure: Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Class R shares were introduced on August 21, ; results prior to that date are hypothetical, based on Class T share returns at net asset value adjusted for additional distribution and service (12b-1) fees of.75% annually. Hypothetical Class R share returns would be greater with the waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class T shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. For performance information current to the most recent month end, please call 1-877-778-21 or visit our website account, please call 1-877-778-21 for a free prospectus that contains this and other information about our funds. 712-477. PIMS is a Prudential Financial company. Investment Advisory services provided by Global Portfolio Strategies, Inc., 15876-7-
Prudential Jennison Value R INVESTMENT ADVISOR: Prudential Investments LLC Large Value Russell 1 TR USD $1.4 Million INCEPTION DATE: 6/3/ JDVRX Retirement GROSS EXPENSE RATIO: 1.59% PORTFOLIO MANAGERS: David A. Kiefer, CFA Avi Z. Berg The investment seeks capital appreciation. The fund normally invests at least 65% of assets in equity and equityrelated securities of large capitalization companies. It may invest up to 25% of assets in REITs and up to 1% of assets in ETFs. The fund may also invest in foreign securities, money market instruments, options, foreign currency, forward contracts and may make short sales of a security. There is no assurance that the objectives of the will be met. Top Five Holdings As of 8/31/21 Dryden Core Invest... 2.85% Liberty Global, Inc.... 2.68% CA, Inc.... 2.56% Symantec Corporation... 2.3% Lear Corporation... 2.14% Top Five Sectors As of 8/31/21 Financial Services... 21.79% Energy... 14.92% Industrial Materials... 8.76% Consumer Goods...8.36% Media... 7.94% Morningstar Style Box TM As of 9/3/21 Results of $ Investment* 2, 15, 5, Domestic equity funds are placed in a category based on the style and size of the stocks they typically own. The style and size parameters are based on the divisions used in the investment style box: Value, Blend, or Growth style and Small, Medium, or Large geometric average market capitalization. 5 6 7 8 9 1 Prudential Jennison Value R $11,23 24 23 22 21 2 4.81% -42.84% 2.2% 18.9% 15.21% 14.9% 26.81% -22.51% -3.6% 14.22% 19.69% -36.85% -.17% 22.25% 7.5% 16.49% 3.3% -15.52% -5.59% 7.1% Portfolio Allocation As of 8/31/21 US Stocks 89.64% Non-US Stocks 5.54% Cash 2.85% Preferred 1.97% Portfolio Characteristics As of 8/31/21 Weighted Geometric Market Cap. $16.45 $32.79 Price/Earnings Ratio (Forward) 12.14x 14.27x Price/Book Ratio 1.41x 2.1x Dividend Yield.11% NA 3-Year Earnings Growth Rate -1.97% 2.29% As of 9/3/21 9.33 1.47 7.26-7.94.27 3.9 --- 11.55 4.41 1.75-6.79.86 -.21 --- 12b-1 fee of.5%, after waiver, and an annual sub-accounting and/or servicing fee of.13%. The expense ratio after the waiver is 1.34%. The Distributor has contractually agreed to this waiver through December 31, 21. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month end, please call 1-877-778-21 or visit our website Performance Disclosure: Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Class R shares were introduced on June 3, ; results prior to that date are hypothetical, based on Class A share returns at net asset value adjusted for additional distribution and service (12b-1) fees of.75% annually. Hypothetical waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class A shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. account, please call 1-877-778-21 for a free prospectus that contains this and other information about our funds. 712-477. PIMS is a Prudential Financial company. Investment Advisory services provided by Global Portfolio Strategies, Inc., 158683-6-
Prudential Mid Cap Growth R INVESTMENT ADVISOR: Prudential Investments LLC Mid-Cap Growth Russell Midcap Growth $19.1 Million INCEPTION DATE: 6/3/ JDERX Retirement GROSS EXPENSE RATIO: 1.66% PORTFOLIO MANAGER: John Mullman, CFA Morningstar Style Box TM As of 9/3/21 Results of $ Investment* 2, 15, 5, Domestic equity funds are placed in a category based on the style and size of the stocks they typically own. The style and size parameters are based on the divisions used in the investment style box: Value, Blend, or Growth style and Small, Medium, or Large geometric average market capitalization. 5 6 7 8 9 1 Prudential Jennison Mid Cap Growth R $14,293 24 23 22 21 2 4.34% -36.35% 15.85% 9.19% 16.74% 18.78% 42.47% -33.81% -2.65% -13.89% 46.29% -44.32% 11.43% 1.66% 12.1% 15.48% 42.71% -27.41% -2.15% -11.75% The investment seeks long-term capital appreciation. The fund normally invests at least 8% of assets in equity and equity-related securities of medium-sized companies with the potential for above-average growth. There is no assurance the objectives of the will be met. Top Five Holdings As of 8/31/21 Annaly Capital Management, Inc.... 3.2% Davita, Inc.... 2.6% Crown Castle International Corporation... 2.26% American Tower Corporation A... 2.25% VeriSign... 2.19% Portfolio Allocation As of 8/31/21 US Stocks 93.1% Non-US Stocks 5.48% Cash 1.42% Top Five Sectors As of 8/31/21 Healthcare... 15.5% Consumer Services... 14.92% Industrial Materials... 11.8% Hardware...11.16% Software... 1.36% Portfolio Characteristics As of 8/31/21 Weighted Geometric Market Cap. $6.82 $6.13 Price/Earnings Ratio (Forward) 15.52x 17.94x Price/Book Ratio 2.36x 3.21x Dividend Yield.4% NA 3-Year Earnings Growth Rate 13.72% 7.61% As of 9/3/21 1.44 8.5 14.75-1.73 5.18.33 --- 14.65 1.85 18.27-3.9 2.86 -.88 --- 12b-1 fee of.5%, after waiver, and an annual sub-accounting and/or servicing fee of.13%. The expense ratio after the waiver is 1.41%. The Distributor has contractually agreed to this waiver through December 31, 21. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month end, please call 1-877-778-21 or visit our website Performance Disclosure: Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Class R shares were introduced on June 3, ; results prior to that date are hypothetical, based on Class A share returns at net asset value adjusted for additional distribution and service (12b-1) fees of.75% annually. Hypothetical waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class A shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. account, please call 1-877-778-21 for a free prospectus that contains this and other information about our funds. 712-477. PIMS is a Prudential Financial company. Investment Advisory services provided by Global Portfolio Strategies, Inc., 159774-6-
Target Small Cap Growth R Co-Investment Advisors: Eagle Asset Management and Ashfield Capital Partners INVESTMENT ADVISOR: Prudential Investments LLC Small Growth Russell 2 Growth $38.8 Million INCEPTION DATE: 1/5/1993 TSCRX R GROSS EXPENSE RATIO: 1.77% PORTFOLIO MANAGERS: Eric Mintz, CFA Bert L. Boksen, CFA Peter A. Johnson J. Stephen Thornborrow The investment seeks maximum capital appreciation. The fund invests in the stocks of small companies that advisor believes will experience earnings growth at a rate faster than that of the U.S. economy in general. It normally invests at least 8% of investable assets in common stocks of small companies which are those companies with market capitalizations comparable to those in the Russell 2 Growth index. There is no assurance that the objectives of the will be met. Smaller companies may present greater opportunities for capital appreciation, but may also involve greater risks than larger companies. As a result, the value of stocks issued by smaller companies may fluctuate more than stocks of larger issuers. Top Five Holdings As of 7/31/21 American Medical Systems Holdings, Inc.... 1.85% Rovi Corp... 1.73% Steven Madden... 1.54% Coherent, Inc.... 1.5% Lufkin Industries, Inc.... 1.49% Top Five Sectors As of 7/31/21 Hardware... 15.53% Healthcare... 13.86% Consumer Services... 13.7% Industrial Materials...13.8% Software... 12.6% Morningstar Style Box TM As of 9/3/21 Results of $ Investment* 15, 5, Domestic equity funds are placed in a category based on the style and size of the stocks they typically own. The style and size parameters are based on the divisions used in the investment style box: Value, Blend, or Growth style and Small, Medium, or Large geometric average market capitalization. 6 7 8 9 1 Target Small Capitalization Growth R $8,296 24 23 22 21 2 27.6% -46.34% 3.64% 6.91% 3.76% 14.17% 32.6% -33.74% -19.93% 1.7% 34.47% -38.54% 7.5% 13.35% 4.15% 14.31% 48.54% -3.26% -9.23% -22.43% Portfolio Allocation As of 7/31/21 US Stocks 96.53% Non-US Stocks 2.64% Cash.83% Portfolio Characteristics As of 7/31/21 Weighted Geometric Market Cap. $1.14 $.94 Price/Earnings Ratio (Forward) 16.65x 18.32x Price/Book Ratio 2.2x 2.68x Dividend Yield.% NA 3-Year Earnings Growth Rate 8.5% 5.91% To see a full disclosure of all risks that pertain to this fund, please refer to the prospectus. As of 9/3/21 11.18 7.55 13.48-11.42-3.73-5.7 --- 12.83 1.23 14.79-3.75 2.35 -.13 --- 12b-1 fee of.5%, after waiver, and an annual sub-accounting and/or servicing fee of.23%. The expense ratio after the waiver is 1.33%. The Distributor has contractually agreed to this waiver through February 28, 211. Performance Disclosure: Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Class R shares were introduced on August 21, ; results prior to that date are hypothetical, based on Class T share returns at net asset value adjusted for additional distribution and service (12b-1) fees of.75% annually. Hypothetical Class R share returns would be greater with the waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class T shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. For performance information current to the most recent month end, please call 1-877-778-21 or visit our website account, please call 1-877-778-21 for a free prospectus that contains this and other information about our funds. 712-477. PIMS is a Prudential Financial company. Investment Advisory services provided by Global Portfolio Strategies, Inc., 15877-8-
Prudential Jennison Small Company R INVESTMENT ADVISOR: Prudential Investments LLC Small Growth Russell 2 Growth $33.4 Million INCEPTION DATE: 5/1/24 JSCRX Retirement GROSS EXPENSE RATIO: 1.68% PORTFOLIO MANAGER: John Mullman, CFA Morningstar Style Box TM As of 9/3/21 Results of $ Investment* 2, 15, 5, Domestic equity funds are placed in a category based on the style and size of the stocks they typically own. The style and size parameters are based on the divisions used in the investment style box: Value, Blend, or Growth style and Small, Medium, or Large geometric average market capitalization. 4 5 6 7 8 9 1 Prudential Jennison Small Company R $14,861 24 23 22 21 2 35.89% -38.16% 9.32% 14.77% 14.3% 19.4% 44.59% -25.72% 15.55% 8.87% 34.47% -38.54% 7.5% 13.35% 4.15% 14.31% 48.54% -3.26% -9.23% -22.43% The investment seeks capital growth. The fund normally invests at least 8% of assets in equity securities of small, less well-known undervalued U.S. companies. It may invest up to 2% of assets in equity-related securities including nonconvertible preferred stocks and convertible securities. The fund may also invest in foreign securities, REITs, high-quality money market instruments, options, foreign currency forward contracts and may make short sales of a security. There is no assurance that the objectives of the will be met. Smaller companies may present greater opportunities for capital appreciation, but may also involve greater risks than larger companies. As a result, the value of stocks issued by smaller companies may fluctuate more than stocks of larger issuers. Top Five Holdings As of 8/31/21 SBA Communications Corporation... 2.46% Dryden Core Invest... 2.15% United Natural Foods, Inc.... 1.9% NTELOS Holdings Corporation... 1.68% Concho Resources, Inc.... 1.53% Portfolio Allocation As of 8/31/21 US Stocks 96.81% Cash 2.15% Non-US Stocks 1.4% Top Five Sectors As of 8/31/21 Financial Services... 16.49% Industrial Materials... 16.28% Business Services... 13.75% Healthcare...11.2% Consumer Services... 9.79% Portfolio Characteristics As of 8/31/21 Weighted Geometric Market Cap. $1.59 $.94 Price/Earnings Ratio (Forward) 15.41x 18.32x Price/Book Ratio 1.8x 2.68x Dividend Yield.% NA 3-Year Earnings Growth Rate 11.33% 5.91% To see a full disclosure of all risks that pertain to this fund, please refer to the prospectus. As of 9/3/21 1.47 8.69 15.39-3.79 3.3 6.24 --- 12.83 1.23 14.79-3.75 2.35 -.13 --- 12b-1 fee of.5%, after waiver, and an annual sub-accounting and/or servicing fee of.13%. The expense ratio after the waiver is 1.43%. The Distributor has contractually agreed to this waiver through January 31, 211. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month end, please call 1-877-778-21 or visit our website Performance Disclosure: Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Class R shares were introduced on May 1, 24; results prior to that date are hypothetical, based on Class A share returns at net asset value adjusted for additional distribution and service (12b-1) fees of.75% annually. Hypothetical waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class A shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. account, please call 1-877-778-21 for a free prospectus that contains this and other information about our funds. 712-477. PIMS is a Prudential Financial company. Investment Advisory services provided by Global Portfolio Strategies, Inc., 158688-7-
Target Small Cap Value R Co-Investment Advisors: EARNEST Partners, LLC; NFJ Investment Group; JP Morgan Asset Management; Lee Munder Capital Group; and Vaughan Nelson Investment Management INVESTMENT ADVISOR: Prudential Investments LLC Small Value Russell 2 Value TR USD $49.7 Million INCEPTION DATE: 1/5/1993 TSVRX R GROSS EXPENSE RATIO: 1.55% PORTFOLIO MANAGERS: Burns Mckinney, CFA Morley D. Campbell, CFA Paul E. Viera Christopher T. Blum, CFA Ben Fischer Morningstar Style Box TM As of 9/3/21 Results of $ Investment* 15, 5, Domestic equity funds are placed in a category based on the style and size of the stocks they typically own. The style and size parameters are based on the divisions used in the investment style box: Value, Blend, or Growth style and Small, Medium, or Large geometric average market capitalization. 6 7 8 9 1 Target Small Capitalization Value R $1,716 24 23 22 21 2 26.15% -27.82% -.4% 17.4% 9.28% 23.9% 46.% -9.17% 16.36% 22.99% 2.58% -33.79% -1.57% 18.37% 4.55% 18.33% 47.25% -2.48% 2.49% -3.2% The investment seeks above-average capital appreciation. The fund normally invests at least 8% of investable assets in common stocks of small companies which are those companies with market capitalizations comparable to those in the Russell 2 Value index. It may invest in stocks undervalued with an above average potential to increase in price. There is no assurance that the objectives of the will be met. Smaller companies may present greater opportunities for capital appreciation, but may also involve greater risks than larger companies. As a result, the value of stocks issued by smaller companies may fluctuate more than stocks of larger issuers. Top Five Holdings As of 7/31/21 Prudential Core Invt... 5.27% Bucyrus International, Inc. A... 1.35% Phillips-Van Heusen Corporation... 1.19% Aaron's Inc....95% ishares Russell 2 Value....94% Portfolio Allocation As of 7/31/21 US Stocks 93.19% Cash 5.31% Non-US Stocks 1.5% Other.1% Top Five Sectors As of 7/31/21 Financial Services... 25.62% Industrial Materials... 21.46% Consumer Goods... 9.33% Energy...8.1% Utilities... 7.43% Portfolio Characteristics As of 7/31/21 Weighted Geometric Market Cap. $1.58 $.78 Price/Earnings Ratio (Forward) 14.26x 14.75x Price/Book Ratio 1.42x 1.13x Dividend Yield.69% NA 3-Year Earnings Growth Rate 1.96% -2.65% To see a full disclosure of all risks that pertain to this fund, please refer to the prospectus. As of 9/3/21 9.53 8.46 13.99-2.2 2.86 9.93 --- 9.72 7.92 11.84-4.99.73 7.72 --- 12b-1 fee of.5%, after waiver, and an annual sub-accounting and/or servicing fee of.2%. The expense ratio after the waiver is 1.3%. The Distributor has contractually agreed to this waiver through February 28, 211. Performance Disclosure: Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Class R shares were introduced on August 21, ; results prior to that date are hypothetical, based on Class T share returns at net asset value adjusted for additional distribution and service (12b-1) fees of.75% annually. Hypothetical Class R share returns would be greater with the waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class T shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. For performance information current to the most recent month end, please call 1-877-778-21 or visit our website account, please call 1-877-778-21 for a free prospectus that contains this and other information about our funds. 712-477. PIMS is a Prudential Financial company. Investment Advisory services provided by Global Portfolio Strategies, Inc., 15879-7-
Target International Equity R Co-Investment Advisors: LSV Asset Management, and Thornburg Investment Management INVESTMENT ADVISOR: Prudential Investments LLC Foreign Large Blend MSCI WORLD ex US NDTR_D $75. Million INCEPTION DATE: 1/5/1993 TEQRX Other GROSS EXPENSE RATIO: 1.76% PORTFOLIO MANAGERS: Puneet Mansharamani Lei Wang, CFA Josef Lakonishok William V. Fries, CFA Menno Vermeulen, CFA Results of $ Investment* 15, 5, 6 7 8 9 1 Target International Equity R $9,652 24 23 22 21 2 32.45% -45.21% 15.81% 28.19% 13.27% 14.37% 27.8% -1.84% -25.12% -1.9% 33.67% -43.56% 12.44% 25.71% 14.47% 2.39% 39.42% -15.8% -21.4% -13.35% The investment seeks capital appreciation. The fund normally invests at least 8% of investable assets in stocks of companies in diverse array of foreign countries. It can invest in companies of any size. The fund may invest in securities based in developed and developing countries. It may invest in ADRs, ADSs, GDRs and EDRs. There is no assurance that the objectives of the will be met. Investing in foreign securities presents certain unique risks not associated with domestic investments, such as currency fluctuation and political and economic changes. This may result in greater share price volatility. Top Five Holdings As of 7/31/21 Novartis AG... 1.86% Prudential Core Invt... 1.31% Deutsche Bank AG... 1.27% Novo Nordisk A/S... 1.26% BNP Paribas... 1.25% Top Five Countries As of 7/31/21 United Kingdom... 2.34% Japan... 16.23% France... 9.14% Germany...8.78% Switzerland... 7.64% Portfolio Allocation As of 7/31/21 Non-US Stocks 97% US Stocks 1.62% Cash 1.55% Portfolio Characteristics As of 7/31/21 Weighted Geometric Market Cap. $21.2 $25.76 Price/Earnings Ratio (Forward) 1.95x 12.37x Price/Book Ratio 1.37x 1.54x Dividend Yield.96% NA 3-Year Earnings Growth Rate -3% -5.62% As of 9/3/21 15.68 3.28 4.7-1.6 3. 2.12 --- 16.58 3.69 7.56-7.42 --- --- --- 12b-1 fee of.5%, after waiver, and an annual sub-accounting and/or servicing fee of.31%. The expense ratio after the waiver is 1.51%. The Distributor has contractually agreed to this waiver through February 28, 211. Performance Disclosure: Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Class R shares were introduced on August 21, ; results prior to that date are hypothetical, based on Class T share returns at net asset value adjusted for additional distribution and service (12b-1) fees of.75% annually. Hypothetical Class R share returns would be greater with the waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class T shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. For performance information current to the most recent month end, please call 1-877-778-21 or visit our website account, please call 1-877-778-21 for a free prospectus that contains this and other information about our funds. 712-477. PIMS is a Prudential Financial company. Investment Advisory services provided by Global Portfolio Strategies, Inc., 15874-8-
Prudential Jennison Natural Resources R INVESTMENT ADVISOR: Prudential Investments LLC Specialty-Natural Res S&P North American Natural Resources TR $48.9 Million INCEPTION DATE: 1/22/199 JNRRX R GROSS EXPENSE RATIO: 1.66% PORTFOLIO MANAGERS: David A. Kiefer, CFA Neil P Brown, CFA John Jay Saunders The investment seeks long-term growth of capital. The fund normally invests at least 8% of assets in equity securities of natural resource companies and in asset-based securities. Natural resource companies are U.S. and foreign (non-u.s. based) companies that own, explore, mine, process or otherwise develop, or provide goods and services with respect to, natural resources. Asset-based securities are securities, the values of which are related to the market value of a natural resource. The principal type of equity and equity-related security in which the invests is common stock. The fund is nondiversified. There is no assurance the objectives of the will be met. Sector funds are subject to risks within their specific sectors because they concentrate their investments in securities of companies within certain industries. Therefore, the price of these securities can be volatile. Top Five Holdings As of 8/31/21 Eldorado Gold Corp... 2.39% OGX Petroleo E Gas Participacoes S.A.... 2.37% Pacific Rubiales Energy Corp.... 2.36% Halliburton Company... 2.18% Freeport-McMoRan Copper & Gold B... 2.6% Top Five Sectors As of 8/31/21 Energy... 56.91% Industrial Materials... 41.43% Business Services....65% Utilities....56% Hardware....38% Morningstar \\ Style Box TM As of 9/3/21 Results of $ Investment* 2, 15, 5, Domestic equity funds are placed in a category based on the style and size of the stocks they typically own. The style and size parameters are based on the divisions used in the investment style box: Value, Blend, or Growth style and Small, Medium, or Large geometric average market capitalization. 6 7 8 9 1 Prudential Jennison Natural Resources R $13,26 24 23 22 21 2 72.88% -52.95% 45.83% 2.82% 52.98% 26.13% 36.3% 19.15% -11.4% 28.8% 35.16% -43.37% 32.68% 15.12% 34.45% 22.62% 31.49% -14.33% -15.67% 15.81% Portfolio Allocation As of 8/31/21 Non-US Stocks 51.58% US Stocks 45.26% Cash 1.76% Other 1.39% Portfolio Characteristics As of 8/31/21 Weighted Geometric Market Cap. $1.5 $29.22 Price/Earnings Ratio (Forward) 16.5x 13.85x Price/Book Ratio 1.94x 1.82x Dividend Yield 1.58% NA 3-Year Earnings Growth Rate 5.88% -1.27% To see a full disclosure of all risks that pertain to this fund, please refer to the prospectus. As of 9/3/21 18.34 6.47 16.39-2.3 9.46 16.2 --- 12.63 2.13 8.87-5.48 --- --- --- 12b-1 fee of.5%, after waiver, and an annual sub-accounting and/or servicing fee of.13%. The expense ratio after the waiver is 1.41%. The Distributor has contractually agreed to this waiver through February 28, 211. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. Performance Disclosure: Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Class R shares were introduced on August 21, ; results prior to that date are hypothetical, based on Class A share returns at net asset value adjusted for additional distribution and service (12b-1) fees of.75% annually. Hypothetical Class R share returns would be greater with the waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class A shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. For performance information current to the most recent month end, please call 1-877-778-21 or visit our website account, please call 1-877-778-21 for a free prospectus that contains this and other information about our funds. 712-477. PIMS is a Prudential Financial company. Investment Advisory services provided by Global Portfolio Strategies, Inc., 158686-7-