PGIM Investments wins nine 2025 LSEG Lipper Fund Awards

PGIM funds across several asset classes recognized for consistently strong performance versus peers

PGIM Investments has been honored with nine 2025 LSEG Lipper Fund Awards, in recognition of the firm's investment excellence across several funds spanning multiple asset classes.

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Stuart Parker, President and CEO, PGIM Investments

The LSEG Lipper Awards have recognized funds and fund management firms for their consistently strong risk-adjusted performance relative to their peers for over 30 years. This is the 15th consecutive year that PGIM Investments' funds have received Lipper awards.

"This year's Lipper awards highlight the strong performance of our funds across asset classes and over different time horizons, reflecting the breadth and depth of our multi-manager model and ability to offer investment solutions to a wide range of institutional and retail investors," said Stuart Parker, president and CEO of PGIM Investments.

The following funds received awards for outstanding performance in their respective categories:

Absolute Return Bond Funds

3 Years – PGIM Absolute Return Bond Fund; R6

Alternative Credit Focus Funds

3 Years – PGIM Securitized Credit Fund; Z

Global Natural Resources Funds

10 Years – PGIM Jennison Natural Resources Fund; R6

Global Real Estate Funds

10 Years – PGIM Select Real Estate Fund; R6

Real Estate Funds

3 Years – PGIM Real Estate Income Fund; Z

5 Years – PGIM U.S. Real Estate Fund; R6

Health/Biotechnology Funds

3 Years – PGIM Jennison Health Sciences Fund; R6

5 Years – PGIM Jennison Health Sciences Fund; R6

Real Return Funds

3 Years – PGIM Real Assets Fund; R6

"This recognition is a validation of our investment process and the incredible talent we've put together at PGIM," added Parker.

PGIM Investments offers more than 70 actively managed mutual funds and more than 45 exchange-traded funds (ETFs) across fixed income, equity, alternatives and multi-asset class solutions.

Visit pgim.com to learn more about PGIM Investments' funds.

ABOUT PGIM INVESTMENTS

PGIM Investments LLC and its affiliates offer more than 100 funds globally across a broad spectrum of asset classes and investment styles. All products draw on PGIM's globally diversified investment platform that encompasses the expertise of managers across fixed income, equities and real estate.

ABOUT PGIM

PGIM is the global asset management business of Prudential Financial, Inc. ((PRU). In 41 offices across 19 countries, our more than 1,450 investment professionals serve both retail and institutional clients around the world.

As a leading global asset manager with $1.38 trillion in assets under management,¹ PGIM is built on a foundation of strength, stability, and disciplined risk management. Our multi-affiliate model allows us to deliver specialized expertise across key asset classes with a focused investment approach. This gives our clients a diversified suite of investment strategies and solutions with global depth and scale across public and private asset classes, including fixed income, equities, real estate, private credit, and other alternatives. For more information visit pgim.com.

Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.

ABOUT LSEG LIPPER FUND AWARDS

The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers.

The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is an objective, quantitative, risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the LSEG Lipper Fund Award.

For more information see lipperfundawards.com. Although LSEG Lipper makes reasonable efforts to ensure the accuracy and reliability of the data used to calculate the awards, their accuracy is not guaranteed. LSEG Lipper Fund Awards, © 2025 LSEG. All rights reserved. Used under license.

Lipper Leaders fund ratings do not constitute and are not intended to constitute investment advice or an offer to sell or the solicitation of an offer to buy any security of any entity in any jurisdiction. Rankings do not take sales charges into account. Past performance is no guarantee of future results.

¹ As of Dec. 31, 2024.

Detailed information regarding 2025 Lipper Fund Awards rankings:

PGIM Absolute Return Bond Fund #1 Absolute Return Bond Fund (Class R6) for the 3-year period out of 81 funds ended 11/30/2024. Class R6 total return ranking for the 1‑year period: 37 out of 82 funds; 5-year period: 14 out of 78 funds; 10-year period: 6 out of 61 funds as of 11/30/2024. Inception date: Class R6: 3/30/2011. Lipper Funds category rankings are based on total return, do not take sales charges into account, and are calculated against all funds in each fund's respective Lipper category. Lipper total return ranking for the 1-, 3-, 5- and 10-year periods as of 12/31/2024 for the Absolute Return Bond Fund category were: 2 out of 82, 1 out of 82, 11 out of 78, and 3 out of 63 funds, respectively. Past performance is no guarantee of future results.

PGIM Securitized Credit Fund #1 Alternative Credit Focus Fund (Class Z) for the 3‑year period out of 77 funds ended 11/30/2024. Class Z total return ranking for the 1-year period: 37 out of 85 funds; 5-year period: 14 out of 78 funds as of 11/30/2024. Inception date: Class Z: 7/1/2019. Lipper Funds category rankings are based on total return, do not take sales charges into account, and are calculated against all funds in each fund's respective Lipper category. Lipper total return ranking for the 1-, 3- and 5-year periods as of 12/31/2024 for the Alternative Credit Focus Fund category were: 6 out of 85, 2 out of 81, and 9 out of 78 funds, respectively. Past performance is no guarantee of future results.

PGIM Jennison Natural Resources Fund #1 Global Natural Resources Fund (Class R6) for the 10-year period out of 44 funds ended 11/30/2024. Class R6 total return ranking for the 1-year period: 28 out of 60 funds; 3-year period: 22 out of 57 funds; 5-year period: 10 out of 54 funds as of 11/30/2024. Inception date: Class R6: 12/27/2010. Lipper Funds category rankings are based on total return, do not take sales charges into account, and are calculated against all funds in each fund's respective Lipper category. Lipper total return ranking for the 1-, 3-, 5- and 10-year periods as of 12/31/2024 for the Global Natural Resources Fund category were: 25 out of 60, 22 out of 57, 10 out of 54, and 17 out of 49 funds, respectively. Past performance is no guarantee of future results.

PGIM Select Real Estate Fund #1 Global Real Estate Fund (Class R6) for the 10-year period out of 92 funds ended 11/30/2024. Class R6 total return ranking for the 1-year period: 13 out of 152 funds; 3-year period: 11 out of 147 funds; 5-year period: 7 out of 139 funds as of 11/30/2024. Inception date: Class R6: 8/1/2014. Lipper Funds category rankings are based on total return, do not take sales charges into account, and are calculated against all funds in each fund's respective Lipper category. Lipper total return ranking for the 1-, 3-, 5- and 10-year periods as of 12/31/2024 for the Global Real Estate Fund category were: 14 out of 148, 11 out of 144, 8 out of 139, and 1 out of 104 funds, respectively. Past performance is no guarantee of future results.

PGIM Real Estate Income Fund #1 Real Estate Fund (Class Z) for the 3-year period out of 184 funds ended 11/30/2024. Class Z total return ranking for the 1-year period: 11 out of 219 funds; 5-year period: 89 out of 201 funds as of 11/30/2024. Inception date: Class Z: 6/3/2015. Lipper Funds category rankings are based on total return, do not take sales charges into account, and are calculated against all funds in each fund's respective Lipper category. Lipper total return ranking for the 1-, 3- and 5-year periods as of 12/31/2024 for the Real Estate Fund category were: 6 out of 215, 3 out of 208, and 107 out of 197 funds, respectively. Past performance is no guarantee of future results.

PGIM U.S. Real Estate Fund #1 Real Estate Fund (Class R6) for the 5-year period out of 176 funds ended 11/30/2024. Class R6 total return ranking for the 1-year period: 13 out of 219 funds; 3-year period: 18 out of 212 funds as of 11/30/2024. Inception date: Class R6: 5/25/2017. Lipper Funds category rankings are based on total return, do not take sales charges into account, and are calculated against all funds in each fund's respective Lipper category. Lipper total return ranking for the 1-, 3- and 5-year periods as of 12/31/2024 for the Real Estate Fund category were: 10 out of 215, 26 out of 208, and 8 out of 197 funds, respectively. Past performance is no guarantee of future results.

PGIM Jennison Health Sciences Fund #1 Health/Biotechnology Fund (Class R6) for the 3- and 5-year periods out of 90 funds, respectively, ended 11/30/2024. Class R6 total return ranking for the 1-year period: 33 out of 133 funds as of 11/30/2024. Inception date: Class R6: 1/27/2016. Lipper Funds category rankings are based on total return, do not take sales charges into account, and are calculated against all funds in each fund's respective Lipper category. Lipper total return ranking for the 1-, 3- and 5-year periods as of 12/31/2024 for the Health/Biotechnology Fund category were: 3 out of 133, 5 out of 128, and 1 out of 116 funds, respectively. Past performance is no guarantee of future results.

PGIM Real Assets Fund #1 Real Return Fund (Class R6) for the 3-year period out of 74 funds ended 11/30/2024. Class R6 total return ranking for the 1-year period: 16 out of 87 funds; 5-year period: 9 out of 76 funds as of 11/30/2024. Inception date: Class R6: 1/23/2015. Lipper Funds category rankings are based on total return, do not take sales charges into account, and are calculated against all funds in each fund's respective Lipper category. Lipper total return ranking for the 1-, 3- and 5-year periods as of 12/31/2024 for the Real Return Fund category were: 6 out of 87, 10 out of 83, and 5 out of 76 funds, respectively. Past performance is no guarantee of future results.

Investing in mutual funds involves risk. Some mutual funds have more risk than others. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost, and it is possible to lose money. There is no guarantee a fund's objectives will be achieved. Fixed income investments are subject to interest rate risk, where their value will decline as interest rates rise. Diversification does not assure a profit or protect against loss in declining markets.

Class R6 and Z shares may be available to group retirement plans and institutional investors through certain retirement, mutual fund wrap and asset allocation programs. Class Z shares may also be available to institutional investors and through fee- or commission-based retail brokerage programs of certain financial intermediaries. Class Z shares are generally closed to new retirement plans. Please see the prospectus for additional information about fees, expenses, and investor eligibility.

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

Investment products are distributed by Prudential Investment Management Services LLC, member FINRA and SIPC. PGIM Investments is a registered investment advisor and investment manager to PGIM registered investment companies. PGIM Limited acts as a subadvisor to all fixed income funds. PGIM Limited is an indirect, wholly-owned subsidiary of PGIM, Inc. (PGIM), the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. All are Prudential Financial affiliates. PGIM Quantitative Solutions LLC, Jennison Associates LLC, and PGIM, Inc. are registered investment advisors and Prudential Financial companies. PGIM Fixed Income and PGIM Real Estate are units of PGIM, Inc. and PGIM Quantitative Solutions LLC is a wholly-owned subsidiary of PGIM, Inc. © 2025 Prudential Financial, Inc. and its related entities. Jennison Associates, Jennison, PGIM Real Estate, PGIM Fixed Income, PGIM, and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation. Clients seeking information regarding their particular investment needs should contact a financial professional.

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Leah Pappas

973-856-5709

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