Tax Wise Investing

Despite the markets performance this year, many mutual funds will be distributing hefty capital gains. With many funds posting losses or barely breaking even during this year's declining market, such large distributions will have many mutual fund investors facing a significant tax burden.

With this in mind, now is the perfect time to explore how allocating a portion of your investment into a tax-managed fund could benefit you. Both the Prudential Tax-Managed Equity Fund and the Prudential Tax-Managed Small-Cap Fund are scheduled to pay no capital gains distributions this year.

Prudential Tax-Managed Equity Fund
The Fund seeks to achieve long-term returns, before and after-tax, above that of the S&P 500 Index.

Prudential Tax-Managed Small Cap Fund
The Fund seeks to achieve long-term returns, before and after tax, above that of the S&P Small-Cap 600 Index.

Prudential Tax-Free Bond Funds
Examine the federal and state tax exemptions that may be available to you through municipal bond funds.

Neither Prudential nor its sales professionals render tax or legal advice. Please consult your tax or legal adviser before making any tax-related investment decisions.

Each mutual fund prospectus contains complete information about a fund's investment objectives, sales charges, expenses, management fees and other matters of interest. Please read the prospectus carefully before you invest or send money. Shares of the funds are distributed by Prudential Investment Management Services LLC (PIMS), 100 Mulberry Street, Gateway Center Three, Newark, New Jersey 07102-4077. PIMS is a Prudential company.