Dryden Short-Term Corporate Bond Fund
4 Stars 5 Stars
Class A, B, C and R Shares Class Z Shares
Morningstar Overall RatingTM out of 360 Short-Term Bond funds, as of 10/31/2009.
Morningstar measures risk-adjusted returns. The overall rating is a weighted average based on the Fund's 3-, 5-, and 10-year star rating.

The Fund seeks high current income consistent with the preservation of principal by investing at least 80% of its assets in corporate bonds. It may invest in various fixed income sectors, as well as investment-grade bonds to achieve its objectives.

See quarterly PDF version of this Fund Fact Sheet.
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Performance
Fund Share Prices as of market close, 11/20/2009
NAV# CHANGE##
Class A (Symbol: PBSMX) 11.46 No Change 0.00
Class B (Symbol: PSMBX) 11.46 No Change 0.00
Class C (Symbol: PIFCX) 11.46 No Change 0.00
Class R (Symbol: JDTRX) 11.46 No Change 0.00
Class Z (Symbol: PIFZX) 11.49 No Change 0.00
# "NAV" (Net Asset Value) is the $U.S. value of a single share of a fund, excluding any sales charges.
## "CHANGE" shows the change in $U.S. value over the previous day:Gain= Gain, Loss= Loss,  No Change = No Change.
See Prices and Yields of other JennisonDryden mutual funds.



Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate and shares when sold may be worth more or less than the original cost. Maximum sales charges: Class A, 3.25%; Class B, 3.0%; and Class C, 1.0%.
Average Annual Total Returns
Total Return
(with sales charges)
as of 10/31/2009
Total Return
(without sales charges)
as of 10/31/2009
Lipper
Average
as of
10/31/2009
Class A B C R Z A B C R Z
Year-to-Date N/A N/A N/A N/A N/A 12.97 12.23 12.58 12.74 13.08 11.58
1-Year 13.68 13.58 16.00 17.22 17.64 17.50 16.58 17.00 17.22 17.64 14.37
3-Year 5.44 5.49 6.10 6.35 6.87 6.61 5.79 6.10 6.35 6.87 4.58
5-Year 4.08 3.98 4.26 4.53 5.01 4.77 3.98 4.26 4.53 5.01 3.64
10-Year 4.92 4.55 4.76 N/A 5.54 5.27 4.55 4.76 N/A 5.54 5.00
Since Incpt. 5.94 4.69 4.98 4.74 5.58 6.11 4.69 4.98 4.74 5.58 5.84
See Calendar Year Performance for the Dryden Short-Term Corporate Bond Fund.
Total return describes the return to the investor before any sales charges are imposed. Lipper average is unmanaged, is based on the average return of all funds in this category, and does not take into consideration applicable sales charges. Unless noted otherwise, Lipper averages and index returns reflect performance beginning the closest month-end date to the Fund's inception. Benchmark since inception average is based on Class A inception date. SEC standardized return describes the return to the investor after maximum sales charges are imposed. All returns assume share price changes, as well as the compounding effect of reinvested dividends and capital gains. Returns may reflect fee waivers and/or expense reimbursements. Without such, returns would be lower.

Inception: Class A, 9/1/1989; Class B, 12/9/1992; Class C, 8/1/1994; Class R, 5/17/2004; Class Z, 12/16/1996.


Morningstar Ratings as of 10/31/2009

Class
Overall
3-Year
5-Year
10-Year
A
4 Stars
out of 360 funds
4 Stars
out of 360 funds
4 Stars
out of 305 funds
4 Stars
out of 164 funds
B
4 Stars
out of 360 funds
4 Stars
out of 360 funds
4 Stars
out of 305 funds
3 Stars
out of 164 funds
C
4 Stars
out of 360 funds
5 Stars
out of 360 funds
4 Stars
out of 305 funds
4 Stars
out of 164 funds
R
4 Stars
out of 360 funds
5 Stars
out of 360 funds
4 Stars
out of 305 funds
4 Stars
out of 164 funds
Z
5 Stars
out of 360 funds
5 Stars
out of 360 funds
5 Stars
out of 305 funds
5 Stars
out of 164 funds

The Morningstar Rating may not be customarily calculated based on adjusted historical returns. If so, this investment's independent Morningstar Rating metric is compared against the retail mutual fund universe breakpoints to determine its hypothetical rating for certain time periods. Other share classes may have different performance characteristics. Past performance does not guarantee future results. For each fund with at least a 3-year history, Morningstar calculates a Morningstar rating (based on a Morningstar risk-adjusted return measure that accounts for variation in a fund's monthly performance, including the effects of sales charges), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, and the next 35% receive 3 stars (each share class is rated separately, which may cause slight variations in the distribution percentages). The overall Morningstar rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar rating metrics. The Fund was rated against U.S.-domiciled funds.
© 2009 Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Growth of $10,000
Fund ReturnFund Return$16,617
Class A Benchmark Return*Benchmark Return$16,230
Fund/Benchmark Return Chart
*Lipper Short/Intermediate Investment Grade Debt Funds Average
This chart represents historical performance and does not assume the effects of sales charges. If shown with sales charges, performance would have been lower. Lipper Short/Intermediate Investment Grade Debt Funds Average includes funds which invest at least 65% of its assets in investment grade debt issues (rated in top four grades) with dollar-weighted average maturities of one to five years. An investment cannot be made directly in an index.
Fund Facts & Holdings
Objective: High current income consistent with the preservation of principal. There can be no assurance that the Fund's objective will be achieved.
Dividends: Paid monthly, if any. Dividends may be received in cash or reinvested free of charge.
Capital Gains: Paid annually, if any.

See most recent complete Portfolio Holdings list.

The following information is as of 10/31/2009 and is subject to change.
Total Net Assets: $2.212 Billion
Largest Holdings (% of Assets)
General Electric 2.8 %
JPMorgan Chase 2.8
Bank of America 2.8
Citigroup 2.7
Verizon Communications 2.6
Wells Fargo 2.2
Morgan Stanley 2.1
AT&T 2.1
Goldman Sachs 2.0
American Express 1.5
Top Ten (of 627) 23.6 %
Sector Breakdown (% of Assets)
Domestic Corporates 76.9 %
Foreign Corporates 18.1
Emerging Markets 2.2
U.S. Treasuries 0.8
Commercial MBS 0.5
Short-Term/Cash 1.5
Credit Quality (% of Assets)
U.S. Govt. & Agency 0.8 %
AAA 1.3
AA 16.3
A 38.9
BBB 39.4
BB 1.7
B 0.1
Short-Term/Cash 1.5
Fund Statistics
Average Credit Quality A
Duration (years) 2.5
Standard Deviation (3 Year) 3.92
All data is unaudited and subject to change.

The Fund may invest in high yield ("junk") bonds, which are subject to greater credit and market risks; mortgage-backed securities, which are subject to prepayment and extension risks; short sales, which involve costs and the risks of potentially unlimited losses; leveraging, which may magnify losses; and derivative securities, which may carry market, credit, and liquidity risks. These risks may result in greater share price volatility. There is no assurance the Fund's objective will be achieved.

Standard deviation depicts how widely returns vary around its average and is used to understand the range of returns most likely for a given fund. A higher standard deviation generally implies greater volatility. Due to data availability, statistics may not be as of the current reporting period.

Source: Prudential Investment Management, Inc. (PIM) and Lipper Inc. PIM is a Prudential Financial company.
Fund Managers
New No Logo
Prudential Fixed Income Management is the largest public fixed income asset management unit of Prudential Investment Management, Inc. (PIM), a registered investment adviser, and is responsible for Fund management. It is one of the most experienced fixed income managers in the United States, with $213 billion in assets under management (as of June 30, 2009). Institutional assets include both external and proprietary portfolios. Asset class breakdown is based on company estimates. Prudential Fixed Income Management offers a disciplined investment and risk management process, in-depth sector expertise, and one of the most sophisticated research organizations in the industry. Prudential Fixed Income Management or one of its predecessors has been managing proprietary fixed income portfolios since 1875 and accounts for institutional clients since 1928.

Steven Kellner and Malcolm Dalrymple of Prudential Fixed Income Management are responsible for the management of the Dryden Short-Term Corporate Bond Fund.
Photo of Steven Kellner Steven A. Kellner, CFA, is Managing Director and Head of Credit-Related Strategies at Prudential Fixed Income Management, including US Investment Grade Corporate Bonds, High Yield, Emerging Markets, and Bank Loans for all distribution channels. He also is the senior portfolio manager for the Corporate Fixed Income Strategy and a portfolio manager for multi-sector strategies. Previously, Mr. Kellner managed US corporate bonds for Prudential Financial's proprietary fixed income portfolios. He initially joined Prudential Financial in 1986. After completing his MBA in Finance at The Wharton School of the University of Pennsylvania in 1987, Mr. Kellner rejoined the group as a municipal bond analyst. In addition to his MBA, Mr. Kellner received a BCE in Civil Engineering from Villanova University and began his investment career in 1986. He holds the Chartered Financial Analyst (CFA) designation.
Photo of Malcolm Dalrymple Malcolm Dalrymple is Principal and portfolio manager for Prudential Fixed Income Management's Structured and Short Maturity Strategies. Mr. Dalrymple is also a corporate bond portfolio manager for the Investment Grade Corporate Team and is responsible for corporate security selection in Core Fixed Income portfolios. He has specialized in corporate bonds since 1990. From 1983 to 1990, Mr. Dalrymple was a money markets portfolio manager. He joined Prudential Financial in 1979 as a securities lending trader and a bank analyst. Mr. Dalrymple received a BS in Finance from the University of Delaware and an MBA in Finance from Rutgers University. He began his investment career in 1984.
Consider a fund's investment objectives, risks, charges, and expenses carefully before investing. The prospectus contains this and other information about the fund. Read it carefully before investing. For more information about a fund, click on the prospectus link above.

Mutual funds are distributed by Prudential Investment Management Services LLC, a Prudential Financial company and member SIPC. JennisonDryden, Jennison, Dryden, Target, Pru, Prudential Financial, and the Rock Prudential logo are registered service marks of The Prudential Insurance Company of America, Newark, NJ, and its affiliates.

Mutual funds are not insured by the FDIC or any federal government agency, are not a deposit of or guaranteed by any bank or any bank affiliate, and may lose value.

0153486-00003-00        Ed. 11/2009