Prudential Trust Company, a Pennsylvania trust company and an indirect subsidiary of Prudential Financial, Inc., is the trustee and manager of each trust.  Each fund is a collective investment trust fund available for investment by certain retirement, pension, and profit-sharing plans and other eligible investors and is part of the Prudential Trust Company Collective Trust. The units of each fund have not been registered under the Securities Act of 1933, as amended, or the applicable securities laws of any states or other jurisdictions, and participants are generally not entitled to the protections of those laws.

The Collective Trust is not registered under the Investment Company Act of 1940, as amended, or other applicable law, and participants are not entitled to the protections of those laws. Units of the funds are not insured by the Federal Deposit Insurance Corporation or any other governmental agency, are not covered by any other type of deposit insurance, and are not deposits of, or guaranteed by, Prudential Trust Company or any other trust company or bank.

Offers of the funds of Prudential Trust Company Collective Trust are made by Sales Officers of Prudential Trust Company.

Great Gray Trust Company, LLC Collective Investment Funds (“Great Gray Funds”) are bank collective investment funds; they are not mutual funds. Great Gray Trust Company, LLC serves as the Trustee of the Great Gray Funds and maintains ultimate fiduciary authority over the management of, and investments made in, the Great Gray Funds. Jennison Associates has been retained to manage the assets in the fund.  Great Gray Funds and their units are exempt from registration under the Investment Company Act of 1940 and the Securities Act of 1933, respectively.

Investments in the Great Gray Funds are not bank deposits or obligations of and are not insured or guaranteed by Great Gray Trust Company, LLC, any other bank, the FDIC, the Federal Reserve, or any other governmental agency. The Great Gray Funds are commingled investment vehicles, and as such, the values of the underlying investments will rise and fall according to market activity; it is possible to lose money by investing in the Great Gray Funds.

Participation in Collective Investment Trust Funds is limited primarily to qualified retirement plans and certain state or local government plans and is not available to IRAs, health and welfare plans and, in certain cases, Keogh (H.R. 10) plans. Collective Investment Trust Funds may be suitable investments for plan fiduciaries seeking to construct a well-diversified retirement savings program. Investors should consider the investment objectives, risks, charges, and expenses of any pooled investment fund carefully before investing. The Additional Fund Information and Principal Risk Definitions (PRD) contains this and other information about a Collective Investment Trust Fund and is available at www.greatgray.com/principalriskdefinitions or ask for a copy free of charge by contacting Great Gray Trust Company, LLC at (866) 427-6885.

This commingled vehicle is a fund of the Prudential Trust Company Institutional Business Trust (the “Trust”). The Trust was declared and established as a voluntary association with transferable shares in accordance with Chapter 182 of the Massachusetts General Laws (commonly referred to as a Massachusetts business trust) by Prudential Trust Company, a Pennsylvania trust company (the “Trust Company” or, in its capacity as trustee of the Trust, the “Trustee”) for the collective investment and management of the assets of one or more investors that meet specified criteria are established  by the Trustee. The Trust Company is subject to the oversight and supervision of the Pennsylvania Department of Banking and Securities.

The beneficial interests in the Trust are divided into one or more separate investment funds (each a “Fund”) and together the “Funds”) as are established and maintained from time to fine by the Trustee. Each Fund will be separately held, managed, administered, valued, invested, reinvested, distributed, accounted for and otherwise dealt with separately under the Amended and Restated Declaration of Trust of the Trust dated June 24, 2016 (as further amended from time to time, the “Declaration of Trust”).

The Trustee has engaged Jennison Associates LLC, a registered investment adviser, as Investment Adviser to the Fund. Offers and sales of Units in the Trust are made by Registered Representatives of Prudential Investment Management Services LLC (“PIMS”), an affiliate of the Trust Company by means of a Confidential Offering Memorandum and a Subscription Trust Agreement. PIMS is a broker-dealer registered under the Securities Exchange Act of 1934, as amended, and is a member of the Financial Industry Regulatory Authority with its principal place of business located in Newark, New Jersey.

EACH PROSPECTIVE INVESTOR SHOULD CAREFULLY REVIEW THE DECLARATION OF TRUST, THE FUND DECLARATIONS, THE CLASS DESCRIPTIONS (IF ANY) AND THE SUBSCRIPTION TRUST AGREEMENT (AS EACH SUCH DOCUMENT MAY BE AMENDED FROM TIME TO TIME, THE “FUND INVESTMENT DOCUMENTS”), EACH OF WHICH IS SUBJECT TO REVISION PRIOR TO ISSUANCE AND DELIVERY OF THE FUND UNITS.

This Fund is only available for qualified purchasers, within the meaning of Section 2(a)(51) of the 1940 Act (i.e. natural person with at least 5 million in investments, a family owned company that owns $5 million in investments, or any person acting for itself or for the accounts of other qualified purchasers who owns $25 million or more in investments) with whom you have a pre-existing relationship of 30 days or more.

The PGIM UCITS Fund(s) are sub-funds of PGIM Funds plc, an investment company with variable capital incorporated with limited liability in Ireland and established as an umbrella fund with segregated liability between sub-funds pursuant to the European Communities (Undertaking for Collective Investment in Transferable Securities) Regulations, 2011, as amended.

Before making a decision to invest in a Fund an investor must review the Fund's Prospectus, Supplement, and KIID, available from the Fund's distributor and information agent and on www.pgim.com.

The Fund may not be registered for public distribution in a number of jurisdictions. Current registrations for the Fund are available by clicking here:  PGIM UCITS Funds – Registrations.

International Disclosures

Jennison is a registered investment advisor under the U.S. Investment Advisers Act of 1940, as amended, and a Prudential Financial, Inc. ("PFI") company. Registration as a registered investment adviser does not imply a certain level of skill or training. Jennison  has not been licensed or registered to provide investment services in any jurisdiction outside the United States. Additionally, vehicles may not be registered or available for investment in all jurisdictions. Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. 

Please click on this Important Disclosures link for important information, including information on non-US jurisdictions.