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positive returns when rates are rising?

A broader view increases flexibility

PRUDENTIAL ABSOLUTE

RETURN BOND FUND

www.prudentialmutualfunds.com/

More flexibility to pursue

alpha in changing markets

0264092-00001-00

PRUDENTIAL INVESTMENTS » MUTUAL FUNDS

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Alpha measures risk-adjusted performance, factoring in the risk due to the specific manager rather than the overall market.

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

Mutual fund investing involves risk. Some funds have more risks than others. The risks associated with investing in this fund include but are not limited to: 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; risk of investment in loans, which includes collateral and uncollateralized loans and their possible inability to meet obligations; 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 due to interest rate changes; 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. Fixed income investments are subject to interest rate risk, and their value will decline as interest rates rise. The risks associated with the Fund are more fully explained in the prospectus and summary prospectus. Diversification does not assure a profit or protect against loss in declining markets. There is no guarantee the Fund\\'s objective will be achieved.

Mutual funds are distributed by Prudential Investment Management Services LLC (PIMS). Prudential Fixed Income is a unit of Prudential Investment Management (PIM) and a registered investment advisor. PIMS and PIM are Prudential Financial companies. © 2014 Prudential Financial, Inc., and its related entities. Prudential Investments, 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.

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