# EDGAR Filing Document

**Accession Number:** 0000887991
**File Stem:** 0001683863-25-006866
**Filing Date:** 2025-8
**Character Count:** 13314
**Document Hash:** 1f05d10ccf2e46ad7394fee8e2afbc48
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001683863-25-006866.hdr.sgml**: 20250925

**ACCESSION NUMBER**: 0001683863-25-006866

**CONFORMED SUBMISSION TYPE**: CORRESP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250820

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRUDENTIAL INVESTMENT PORTFOLIOS 12
- **CENTRAL INDEX KEY:** 0001051562

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** CORRESP

**BUSINESS ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 6TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102-4077
- **BUSINESS PHONE:** (973) 802-5032

**MAIL ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 6TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102-4077

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRUDENTIAL GLOBAL REAL ESTATE FUND
- **DATE OF NAME CHANGE:** 20100219

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DRYDEN GLOBAL REAL ESTATE FUND
- **DATE OF NAME CHANGE:** 20070111

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** STRATEGIC PARTNERS REAL ESTATE FUND
- **DATE OF NAME CHANGE:** 20050616
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRUDENTIAL INVESTMENT PORTFOLIOS 4
- **CENTRAL INDEX KEY:** 0000807394

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** CORRESP

**BUSINESS ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 6TH FL
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102
- **BUSINESS PHONE:** (973) 802-5032

**MAIL ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 6TH FL
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DRYDEN MUNICIPAL BOND FUND
- **DATE OF NAME CHANGE:** 20030709

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRUDENTIAL MUNICIPAL BOND FUND
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRUDENTIAL BACHE MUNICIPAL BOND FUND
- **DATE OF NAME CHANGE:** 19910527
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRUDENTIAL INVESTMENT PORTFOLIOS 3
- **CENTRAL INDEX KEY:** 0001104631

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** CORRESP

**BUSINESS ADDRESS:**
- **STREET 1:** 655 BROAD ST.
- **STREET 2:** 6TH FL
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102-4077
- **BUSINESS PHONE:** (973) 802-5032

**MAIL ADDRESS:**
- **STREET 1:** 655 BROAD ST.
- **STREET 2:** 6TH FL
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102-4077

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JENNISONDRYDEN OPPORTUNITY FUNDS
- **DATE OF NAME CHANGE:** 20080530

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** STRATEGIC PARTNERS OPPORTUNITY FUNDS
- **DATE OF NAME CHANGE:** 20010906

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** STRATEGIC PARTNERS SERIES
- **DATE OF NAME CHANGE:** 20000131
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRUDENTIAL INVESTMENT PORTFOLIOS 2
- **CENTRAL INDEX KEY:** 0001099692

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** CORRESP

**BUSINESS ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 6TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102
- **BUSINESS PHONE:** (973) 367-8982

**MAIL ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 6TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DRYDEN CORE INVESTMENT FUND
- **DATE OF NAME CHANGE:** 20030721

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRUDENTIAL CORE INVESTMENT FUND
- **DATE OF NAME CHANGE:** 20000623
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRUDENTIAL INVESTMENT PORTFOLIOS, INC. 14
- **CENTRAL INDEX KEY:** 0000717819

**ORGANIZATION NAME:**
- **EIN:** 133165671
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** CORRESP

**BUSINESS ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 6TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102
- **BUSINESS PHONE:** (973) 802-5032

**MAIL ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 6TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRUDENTIAL GOVERNMENT INCOME FUND, INC.
- **DATE OF NAME CHANGE:** 20100219

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DRYDEN GOVERNMENT INCOME FUND INC
- **DATE OF NAME CHANGE:** 20040420

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRUDENTIAL GOVERNMENT INCOME FUND INC
- **DATE OF NAME CHANGE:** 19951017
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRUDENTIAL INVESTMENT PORTFOLIOS 8
- **CENTRAL INDEX KEY:** 0000887991

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** CORRESP

**BUSINESS ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 6TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102
- **BUSINESS PHONE:** (973) 802-5032

**MAIL ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 6TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DRYDEN INDEX SERIES FUND
- **DATE OF NAME CHANGE:** 20030716

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRUDENTIAL INDEX SERIES FUND
- **DATE OF NAME CHANGE:** 19980123

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRUDENTIAL DRYDEN FUND
- **DATE OF NAME CHANGE:** 19970620

**PGIM Funds**

655 Broad Street

Newark, New Jersey 07102

August 20, 2025

**<u>VIA EDGAR SUBMISSION</u>**

Ms. Christina Fettig

Securities and Exchange Commission

100 F Street, NE

Washington, D.C. 20549

Re: <u>PGIM Mutual Funds</u>

Dear Ms. Fettig:

On July 31, 2025, you provided comments to the undersigned relating to the review by the staff (the "Staff") of the Securities and Exchange Commission ("SEC") of certain web pages, shareholder reports and registration statement filings for various series of investment company registrants, which are collectively known as the PGIM Funds (each of which may be referred to as a "Fund" and collectively as the "Funds"). The specific Funds covered by the Staff's review are listed in Exhibit A to this letter.

This letter responds to your comments. For your convenience and reference, I have summarized the comments in this letter and provided the Funds' response below each such comment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.<u>Comment</u>: On the PGIM Fund Documents web page, please remove the "Money Market" designation under PGIM Core Ultra Short Bond Fund.

<u>Response:</u> The Fund will update this disclosure accordingly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.<u>Comment:</u> On the PGIM Government Money Market Fund and PGIM Core Government Money Market Fund web pages, please update the "10% Daily Requirement" in the legend under the Daily Liquid Assets charts to read "25% Daily requirement," and please update the "30% Weekly Requirement" in the legend under the Weekly Liquid Assets charts to read "50% Daily requirement."

<u>Response:</u> The Funds will update this disclosure accordingly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.<u>Comment:</u> Going forward please include a brief description of any investments categorized as "Other Instrument" in the monthly portfolio holdings of money market funds.

<u>Response</u>: The monthly portfolio holdings of money market funds will include a brief description of any investments categorized as "Other Instrument" going forward.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.<u>Comment:</u> PGIM Investments LLC is identified in the Notes to Financial Statements of the Funds'

Form N-CSR as the Funds' chief operating decision maker ("CODM"). Please explain how all personnel of PGIM Investments LLC are considered a group for purpose of the CODM definition. Alternatively, please identify an individual or a more specific group within PGIM Investments LLC as the CODM in future filings.

<u>Response:</u> In future filings the Funds will identify a more specific group within PGIM Investments LLC, or an individual, as the CODM.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.<u>Comment:</u> Please explain whether a collateralized loan obligation-specific risk should be included in the Summary Prospectus of the PGIM Securitized Credit Fund.

<u>Response:</u> The Fund will consider the Staff's comment, and based on investment exposures and expectations going forward, the Fund may include disclosure around collateralized loan obligations in the Principal Risks section of its Summary Prospectus at the time of the Fund's next annual update to its registration statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.<u>Comment:</u> The fee tables of each of the Retirement Spending Funds include a footnote indicating that "other expenses have been updated from the most recent annual report to reflect current expenses." Please explain in correspondence the nature of these updates.

<u>Response:</u> Offering costs paid in connection with the initial offering of shares of the Fund are non- recurring expenses and as such were excluded from other expenses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.<u>Comment:</u> Please confirm whether the footnote to the PGIM Securitized Credit Fund's fee table indicating that "other expenses have been updated from the most recent annual report to reflect current expenses" is accurate.

<u>Response</u>: This footnote was included in error. In future filings, it will be updated as appropriate.

If you have any questions or comments with respect to the foregoing, or if I can be of any further assistance

in facilitating the Staff's review, please contact me at 973-716-6422 or <u>patrick.mcguinness@prudential.com</u> . Thank you for your consideration and assistance in this matter.

Sincerely yours,

<u>/s/ Patrick McGuinness</u> Patrick McGuinness Director, Corporate Counsel

**<u>Exhibit A</u>**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**File #**<br>| &nbsp;&nbsp;**Registrant Name**<br>| &nbsp;&nbsp;**Series Name**<br>| &nbsp;&nbsp;**FYE**<br>&nbsp;&nbsp;**Reviewed** |
| &nbsp;&nbsp;811-08565 | &nbsp;&nbsp;PRUDENTIAL INVESTMENT | &nbsp;&nbsp;PGIM CONSERVATIVE RETIREMENT | &nbsp;&nbsp;3/31/2025 |
|  | &nbsp;&nbsp;PORTFOLIOS 12 | &nbsp;&nbsp;SPENDING FUND |  |
| &nbsp;&nbsp;811-08565 | &nbsp;&nbsp;PRUDENTIAL INVESTMENT | &nbsp;&nbsp;PGIM ENHANCED RETIREMENT | &nbsp;&nbsp;3/31/2025 |
|  | &nbsp;&nbsp;PORTFOLIOS 12 | &nbsp;&nbsp;SPENDING FUND |  |
| &nbsp;&nbsp;811-08565 | &nbsp;&nbsp;PRUDENTIAL INVESTMENT | &nbsp;&nbsp;PGIM MODERATE RETIREMENT | &nbsp;&nbsp;3/31/2025 |
|  | &nbsp;&nbsp;PORTFOLIOS 12 | &nbsp;&nbsp;SPENDING FUND |  |
| &nbsp;&nbsp;811-08565 | &nbsp;&nbsp;PRUDENTIAL INVESTMENT | &nbsp;&nbsp;PGIM SHORT DURATION MUNI | &nbsp;&nbsp;3/31/2025 |
|  | &nbsp;&nbsp;PORTFOLIOS 12 | &nbsp;&nbsp;FUND |  |
| &nbsp;&nbsp;811-08565 | &nbsp;&nbsp;PRUDENTIAL INVESTMENT | &nbsp;&nbsp;PGIM US REAL ESTATE FUND | &nbsp;&nbsp;3/31/2025 |
|  | &nbsp;&nbsp;PORTFOLIOS 12 |  |  |
| &nbsp;&nbsp;811-09999 | &nbsp;&nbsp;PRUDENTIAL INVESTMENT | &nbsp;&nbsp;PGIM CORE ULTRA SHORT BOND | &nbsp;&nbsp;1/31/2025 |
|  | &nbsp;&nbsp;PORTFOLIOS 2 | &nbsp;&nbsp;FUND |  |
| &nbsp;&nbsp;811-09999 | &nbsp;&nbsp;PRUDENTIAL INVESTMENT | &nbsp;&nbsp;PGIM INSTITUTIONAL MONEY | &nbsp;&nbsp;1/31/2025 |
|  | &nbsp;&nbsp;PORTFOLIOS 2 | &nbsp;&nbsp;MARKET FUND |  |
| &nbsp;&nbsp;811-09805 | &nbsp;&nbsp;PRUDENTIAL INVESTMENT | &nbsp;&nbsp;PGIM JENNISON FOCUSED GROWTH | &nbsp;&nbsp;2/28/2025 |
|  | &nbsp;&nbsp;PORTFOLIOS 3 | &nbsp;&nbsp;FUND |  |
| &nbsp;&nbsp;811-09805 | &nbsp;&nbsp;PRUDENTIAL INVESTMENT | &nbsp;&nbsp;PGIM QUANT SOLUTIONS LARGE- | &nbsp;&nbsp;2/28/2025 |
|  | &nbsp;&nbsp;PORTFOLIOS 3 | &nbsp;&nbsp;CAP VALUE FUND |  |
| &nbsp;&nbsp;811-09805 | &nbsp;&nbsp;PRUDENTIAL INVESTMENT | &nbsp;&nbsp;PGIM STRATEGIC BOND FUND | &nbsp;&nbsp;2/28/2025 |
|  | &nbsp;&nbsp;PORTFOLIOS 3 |  |  |
| &nbsp;&nbsp;811-04930 | &nbsp;&nbsp;PRUDENTIAL INVESTMENT | &nbsp;&nbsp;PGIM MUNI HIGH INCOME FUND | &nbsp;&nbsp;8/31/2024 |
|  | &nbsp;&nbsp;PORTFOLIOS 4 |  |  |
| &nbsp;&nbsp;811-06677 | &nbsp;&nbsp;PRUDENTIAL INVESTMENT | &nbsp;&nbsp;PGIM QUANT SOLUTIONS LARGE- | &nbsp;&nbsp;9/30/2024 |
|  | &nbsp;&nbsp;PORTFOLIOS 8 | &nbsp;&nbsp;CAP INDEX FUND |  |
| &nbsp;&nbsp;811-06677 | &nbsp;&nbsp;PRUDENTIAL INVESTMENT | &nbsp;&nbsp;PGIM SECURITIZED CREDIT FUND | &nbsp;&nbsp;9/30/2024 |
|  | &nbsp;&nbsp;PORTFOLIOS 8 |  |  |
| &nbsp;&nbsp;811-03712 | &nbsp;&nbsp;PRUDENTIAL INVESTMENT | &nbsp;&nbsp;PGIM FLOATING RATE INCOME | &nbsp;&nbsp;2/28/2025 |
|  | &nbsp;&nbsp;PORTFOLIOS, INC. 14 | &nbsp;&nbsp;FUND |  |
| &nbsp;&nbsp;811-03712 | &nbsp;&nbsp;PRUDENTIAL INVESTMENT | &nbsp;&nbsp;PGIM GOVERNMENT INCOME FUND | &nbsp;&nbsp;2/28/2025 |
|  | &nbsp;&nbsp;PORTFOLIOS, INC. 14 |  |  |

---