Prudential Investments® has launched the Prudential Unconstrained Bond Fund (NASDAQ:PUCAX), a fixed income strategy that offers investors an opportunity to tactically invest across a wide range of fixed income sectors and securities. Prudential Investments is the mutual fund business of Prudential Financial, Inc. (NYSE:PRU).

The fund is designed to appeal to investors seeking positive returns over the long term, regardless of market conditions, and provides a dynamic, flexible approach to multiple sources of potential returns while attempting to mitigate interest rate sensitivity.

The fund is sub-advised by Prudential Fixed Income, which ranks among the largest U.S. fixed income managers, with $560 billion in assets under management as of March 31, 2015. The fund portfolio management team, which also manages the Prudential Total Return Bond Fund (PDBAX) and Prudential Absolute Return Bond Fund (PADAX), averages 21 years of investment experience and includes Michael Collins, managing director and senior investment officer; Gregory Peters, managing director and senior investment officer; Richard Piccirillo, principal and senior portfolio manager; and Robert Tipp, managing director, Chief Investment Strategist, and head of global bonds. The portfolio managers may use a variety of investment techniques in pursuit of the fund’s objectives, including tactical duration, credit quality, yield curve and currency management.

“This fund expands our suite of multi-sector bond products and provides investors with an attractive alternative to traditional bond funds,” said Stuart Parker, president of Prudential Investments. The fund is available in the following share classes: A: PUCAX, C: PUCCX and Z: PUCZX.

Prudential Investments is the fund business of Prudential Financial, Inc., offering a range of open- and closed-end funds. Please visit www.prudentialfunds.com for more information.

Prudential Fixed Income, with $560 billion in assets under management as of March 31, 2015, offers institutional investors needs-based solutions across all fixed income markets, with a focus on credit strategies and liability-driven investing. Prudential Fixed Income has portfolio management and research teams in Newark, N.J.; London and Singapore. For more information, please visit http://www.prudentialfixedincome.com.

Prudential Financial, Inc. (NYSE:PRU), a financial services leader with more than $1 trillion of assets under management as of March 31, 2015, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, and investment management. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise, and innovation for more than a century. For more information, please visit www.news.prudential.com.

Principal risks include: fixed income instruments, which are subject to credit, market, and interest rate risk; call and redemption risk, where the issuer may call a bond held by the Fund for redemption before it matures and the Fund may lose income; mortgage-backed and asset-backed securities, which are subject to prepayment, extension, and interest rate risks; loans, which include collateral and uncollateralized loans and their possible inability to meet obligations, senior loans not secured by any specific collateral, where the Fund’s ability to receive payments of principal and interest and other amounts in connection with loans depends primarily on the financial condition of the borrower (failure by the Fund to receive such payments because of a default, bankruptcy, or any other reason would adversely affect the Fund’s income and would likely reduce the value of its assets); liquidity risk, which exists when particular investments are difficult to sell; high yield (“junk”) bonds, which are subject to greater credit and market risks; interest rate risk, where the value will decline as interest rates rise; foreign or non-U.S. securities, which are subject to the risks of currency fluctuation and political uncertainty; emerging markets risk, which are subject to greater volatility and price declines; and currency risk in that the value of a particular currency will change in relation to other currencies. In addition, the Fund may invest in derivatives, which include market, credit, and liquidity risks (the latter exists when particular instruments are difficult to sell, often due to low trading volumes), and may sell short (borrow securities), which may prevent it from implementing its investment strategy due to its obligation to cover its short position at a high price, resulting in loss. U.S. government securities and U.S. Treasury bills are backed by the full faith and credit of the U.S. government, are less volatile than equity investments, and provide a guaranteed return of principal at maturity. The risks associated with the Fund are more fully explained in the prospectus. These risks may increase the Fund’s share price volatility. There is no guarantee the Fund’s objective will be achieved. Diversification does not guarantee a profit or protect against a loss in declining markets.

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. Read the prospectus and summary prospectus carefully before investing.

Mutual funds are distributed by Prudential Investment Management Services LLC. Target funds are distributed by Prudential Investment Management Services LLC, member SIPC. Prudential Fixed Income is a unit of Prudential Investment Management, Inc. (PIM) and a registered investment adviser. All are Prudential Financial companies. © 2015 Prudential Financial, Inc. and its related entities. Prudential Investments LLC, Prudential, the Prudential logo, Bring Your Challenges, and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

Control number: 0279933-00001-00