Mutual fund investing involves risks. Some mutual funds have more risks than others. The risks associated with each fund are explained more fully in each fund's respective prospectus or summary prospectus. The investment return and principal value will fluctuate and shares when sold may be worth more or less than the original cost. Fixed income investments are subject to interest rate risks, and their value will decline as interest rates rise. Asset Allocation does not assure a profit or protect against a loss in declining markets. There is no guarantee the Fund's objective will be achieved. Past performance is not a guarantee of future results.

Not all share classes may be available for each Fund. Class Z shares are available only to a limited group of investors. Class M and X shares are not offered to new purchasers and are available only through exchanges from the same share class of certain other Prudential Investments mutual funds. Please refer to each Fund's prospectus or summary prospectus for more detailed information.

Source: Prudential Investment Management, Inc. (PIM). Please read each funds' current prospectus or summary prospectus for more detailed information regarding sales charge structure. Total 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. All data is unaudited and subject to change.

*This date represents the contractual reduction date through which the net expense ratio is in effect.

Mutual funds are distributed by Prudential Investment Management Services LLC, a Prudential Financial company and member SIPC. Prudential Investments, Prudential, the Prudential logo, the Rock symbol, and Target are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

0203023-00001-00  Ed.6/2011