Prudential Core Plus Bond Fund

1 Prudential Core Plus Bond Fund A Collective Investment Trust Third Quarter 2020 Fund Fact Sheet Key Facts - Collective Trust Description / Objective Investment Manager Prudential Trust The objective of the Fund is to outperform the Bloomberg Barclays Aggregate Bond Index Company (the "Benchmark") by 150 basis points over a full market cycle. The Pru Core Plus Bond Fund Asset Class Fixed Income - seeks an excess return over the Bloomberg Barclays Aggregate Bond Index. The strategy Intermediate Core Bond aims to generate excess return from top-down sector allocation and bottom-up subsector/security Primary Index Bloomberg Barclays US selection.

2 Duration and yield curve are tactically managed. The strategy actively allocates to both Aggregate Bond Index benchmark and non-benchmark sectors, with heavy emphasis on the credit-oriented sectors. Broad Based Index Bloomberg Barclays Universal Index Net Assets $15, Million There is no assurance the objectives will be met. Inception Date 08/28/2009. Net Expense Ratio Fixed income investment (bond) funds are subject to interest rate risk; their value will decline as Morningstar Category Intermediate Core-Plus interest rates rise. Fund shares are not guaranteed by the Government. Bond Top Five Holdings As of 09/30/2020 Top Five Sectors As of 09/30/2020.

3 Morningstar Volatility Rank As of 09/30/2020 Treasury Bond 05/15/44 Private Corp Inv Grade Treasury Bond 05/15/43 ABS Treasury Bond 11/15/43 CMBS Portugal Rep Of 10/15/24 Government/Treasury Low Moderate High Ptbltr 01/00/1900 High Yield Category Holdings and Sector allocations are ranked as a percentage of net assets and subject to change without notice. The volatility measure is not displaying for investments with fewer than three years of history Distribution As of 09/30/2020 Characteristics As of 09/30/2020. Fund Index or where data was not available at the time this AAA Effective Duration (Yrs) Fact Sheet was generated.

4 The category AA Average Maturity (Yrs) average, however, is shown above. A Number of Holdings - Long 2474 11902. Investment Style Box As of 09/30/2020 BBB Portfolio Turnover (%) -- BB Ltd Mod Ext The vertical axis B represents the CCC & Below High Fund's average Not Rated Quality credit quality as Performance (%) As of 09/30/2020. Med measured by Cumulative Standard & Average Annual Total Returns Returns Low Poor's rating Since service: High >=. QTD YTD 1 Year 3 Year 5 Year 10 Year Inception Interest Rate AA; Medium <AA. Sensitivity Fund -- and >=BBB; Low <BBB Primary Index Broad Based Index The horizontal axis represents the Fund's Fund Fees Reflected in Performance.

5 The Fund was established 8/28/2009. The total expense sensitivity to interest rates as measured by the ratio for this Fund of , which includes a fee for Fund operating expenses of for average effective duration: Ltd <= Yrs; Mod > the prior calendar year. Such Fund operating expenses may reflect the benefit of a Yrs and <=6 Yrs; Ext > 6 Yrs commission recapture program. Actual performance shown reflects the imposition of the Morningstar Style Box As of 09/30/2020 foregoing expenses and the benefit of any commission recaptures. All performance results are Ltd Mod Ext The vertical axis net of the total expense ratio for this Fund.

6 Represents the High Fund's average Performance Risks. Before investing, investors should carefully consider the investment Quality credit quality as objectives, risks, charges and expenses of this Fund and other plan investment options. The Med measured by performance quoted represents past performance. The investment value and return will Standard & fluctuate so that an investment, when redeemed, may be worth more or less than original cost. Low Poor's rating Past performance does not guarantee future results. Current performance may be lower or service: High >= higher than the performance data quoted. For performance data current to the most recent Interest Rate AA; Medium <AA month end, please call 1-877-778-2100.

7 It is possible to lose money investing in securities. Sensitivity and >=BBB; Low Past performance is not indicative of future performance and short periods of performance <BBB may be particularly unrepresentative of long-term performance. Possibility of Contract Charges; Other Fees. Your retirement plan may have agreed to contract The horizontal axis represents the Fund's charges. If so, these would reduce the performance shown above. Any contract charges are sensitivity to interest rates as measured by the included in the expense ratio shown in your statement and in the performance shown in your average effective duration: Ltd <= Yrs; Mod > statement.

8 Prudential may also receive marketing support fees. These fees compensate us for the Yrs and <=6 Yrs; Ext > 6 Yrs distribution and servicing associated with your plan. Other plan investment options may generate more or less revenue for us than the fees associated with this Fund. If the aggregate revenue from your plan exceeds our associated costs, we earn a profit. Otherwise, we incur a loss. Other share classes may have a lower expense ratio, but are not included as a plan investment option in order to compensate us for distribution and plan servicing. The Fund is part of the Prudential Trust Company Collective Trust ("Collective Trust"), which was formed to invest collectively and manage the assets of certain pension, profit-sharing, defined benefit or other retirement plans that are qualified under Section 401(a) (and exempt from 1008610.)

9 Prudential Core Plus Bond Fund A Collective Investment Trust Third Quarter 2020 Fund Fact Sheet - Page 2. Annual Performance taxation under section 501(a)) of the Internal Revenue Code of 1986, as amended. The Collective Fund Primary Index Broad Based Trust has separate investment funds, including the Fund (the "Funds"). Prudential Trust Company Index is the trustee and manager of the Funds. Prudential Trust Company, a Pennsylvania trust 2019 company, is located in Scranton, Pennsylvania and is an indirect subsidiary of Prudential 2018 Financial, Inc. Prudential Trust Company has engaged PGIM, Inc. as sub-advisor to the Fund.

10 2017 PGIM is a registered investment adviser. PGIM's Form ADV is available free of charge upon 2016 request. The Funds are not mutual funds. 2015 Prudential Retirement's Role. This fund is not Plan sponsors and plan participants should note the following: (i) the units of the Funds of the part of Prudential Retirement's Manager of Collective Trust have not been registered under the Securities Act of 1933, as amended (the Managers Program and Prudential Retirement "1933 Act"), or the applicable securities laws of any states or other jurisdictions, and participants does not assume any responsibility for the plan's are not entitled to the protections of the 1933 Act.