Andrew R. French

Vice President, Corporate Counsel

T: 973-367-2396    F: 973-367-8065

E: andrew.french@prudential.com

655 Broad Street, Newark, NJ, 07102

A copy of the joint fidelity bond for: Advanced Series Trust,, The Prudential Series Fund, Prudential’s Gibraltar Fund, Inc. Prudential Global Total Return Fund, Inc., The Prudential Investment Portfolios, Inc., Prudential Investment Portfolios 2, Prudential Investment Portfolios 3, Prudential Investment Portfolios 4, Prudential Investment Portfolios 5, Prudential Investment Portfolios 6, Prudential Investment Portfolios 7, Prudential Investment Portfolios 8, Prudential Investment Portfolios 9, Prudential Investment Portfolios, Inc. 10, Prudential Investment Portfolios 12, Prudential Investment Portfolios, Inc. 14, Prudential Investment Portfolios, Inc. 15, Prudential Investment Portfolios 16, Prudential Investment Portfolios, Inc. 17, Prudential Investment Portfolios 18, Prudential Jennison Blend Fund, Inc., Prudential Jennison Mid-Cap Growth Fund, Inc., Prudential Jennison Natural Resources Fund, Inc., Prudential Jennison Small Company Fund, Inc., Prudential Government Money Market Fund, Inc., Prudential National Muni Fund, Inc., Prudential Sector Funds, Inc., Prudential Short-Term Corporate Bond Fund, Inc., Prudential World Fund, Inc., The Target Portfolio Trust, The Prudential Variable Contract Account-2, The Prudential Variable Contract Account-10, PGIM Short Duration High Yield Fund, Inc., PGIM Global Short Duration High Yield Fund, Inc. and PGIM ETF Trust.

certified copies of the resolutions of a majority of the Board of Directors and/or Trustees who are not “interested persons” of the above-listed registered investment companies approving the amount, type, form, and coverage of the bond and the portion of the premium to be paid;

a statement showing the amount of the single insured bond which each investment company would have provided and maintained had it not been named as an insured under the joint fidelity bond;

a statement as to the period for which premiums have been paid; and

a copy of the Agreement dated August 1, 2018 between each of the above investment companies pursuant to Rule 17g-1(f) under the Investment Company Act.

If you have any questions regarding the filing, please telephone me at (973) 367-2396 or my legal assistant Glenda Noel at (973) 367-7546.

Item 1.

Name of Insured (the “Insured”)

Bond Number

Prudential Jennison Blend Fund, Inc.

  90143118B

Principal Office:                                                     Mailing Address:        

655 Broad St.                                                           655 Broad St.

Newark, NJ 07102                                                   Newark, NJ 07102

Item 2.

Bond Period: from 12:01 a.m. on           August 1, 2018    , to 12:01 a.m. on     August 1, 2019    , or the earlier effective date of the termination of this Bond, standard time at the Principal Office as to each of said dates.

Item 3.

Limit of Liability—

Subject to Sections 9, 10 and 12 hereof:

If “Not Covered” is inserted opposite any Insuring Agreement above, such Insuring Agreement and any reference

thereto shall be deemed to be deleted from this Bond.

OPTIONAL INSURING AGREEMENTS ADDED BY RIDER:

Insuring Agreement J-

COMPUTER SECURITY

Item 4.

Offices or Premises Covered—All the Insured’s offices or other premises in existence at the time this Bond becomes effective are covered under this Bond, except the offices or other premises excluded by Rider. Offices or other premises acquired or established after the effective date of this Bond are covered subject to the terms of General Agreement A.

The liability of ICI Mutual Insurance Company, a Risk Retention Group (the “Underwriter”) is subject to the terms of the following Riders attached hereto:

and of all Riders applicable to this Bond issued during the Bond Period.

  Authorized Representative

        Authorized Representative

FORGERY OR ALTERATION

SECURITIES

uncollectible Items of Deposit of a Fund’s customer, shareholder or subscriber credited by the Insured or its agent to such person’s Fund account, or

any Item of Deposit processed through an automated clearing house which is reversed by a Fund’s customer, shareholder or subscriber and is deemed uncollectible by the Insured;

PHONE/ELECTRONIC TRANSACTIONS

is transmitted to the Insured or its agents by voice over the telephone or by Electronic Transmission; and

is made by an individual purporting to be a Fund shareholder or subscriber or an authorized agent of a Fund shareholder or subscriber; and

is unauthorized or fraudulent and is made with the manifest intent to deceive;

the failure to pay for shares attempted to be purchased; or

any redemption of Investment Company shares which had been improperly credited to a shareholder’s account where such shareholder (a) did not cause, directly or indirectly, such shares to be credited to such account, and (b) directly or indirectly received any proceeds or other benefit from such redemption; or

any redemption of shares issued by an Investment Company where the proceeds of such redemption were requested to be paid or made payable to other than (a) the Shareholder of Record, or (b) any other person or bank account designated to receive redemption proceeds (i) in the initial account application, or (ii) in writing (not to include Electronic Transmission) accompanied by a signature guarantee; or

any redemption of shares issued by an Investment Company where the proceeds of such redemption were requested to be sent to other than any address for such account which was designated (a) in the initial account application, or (b) in writing (not to include Electronic Transmission), where such writing is received at least one (1) day prior to such redemption request, or (c) by voice over the telephone or by Electronic Transmission at least fifteen (15) days prior to such redemption; or

the intentional failure to adhere to one or more Phone/Electronic Transaction Security Procedures; or

a Phone/Electronic Transaction request transmitted by electronic mail or transmitted by any method not subject to the Phone/Electronic Transaction Security Procedures; or

the failure or circumvention of any physical or electronic protection device, including any firewall, that imposes restrictions on the flow of electronic traffic in or out of any Computer System.

ADDITIONAL OFFICES OR EMPLOYEES—CONSOLIDATION OR MERGER—NOTICE

Except as provided in paragraph 2 below, this Bond shall apply to any additional office(s) established by the Insured during the Bond Period and to all Employees during the Bond Period, without the need to give notice thereof or pay additional premiums to the Underwriter for the Bond Period.

If during the Bond Period an Insured Investment Company shall merge or consolidate with an institution in which such Insured is the surviving entity, or purchase substantially all the assets or capital stock of another institution, or acquire or create a separate investment portfolio, and shall within sixty (60) days notify the Underwriter thereof, then this Bond shall automatically apply to

the Property and Employees resulting from such merger, consolidation, acquisition or creation from the date thereof; provided, that the Underwriter may make such coverage contingent upon the payment of an additional premium.

an Employee admits to having committed or is adjudicated to have committed a Dishonest or Fraudulent Act or Theft which caused the loss; or

in the absence of such an admission or adjudication, an arbitrator or arbitrators acceptable to the Insured and the Underwriter concludes, after a review of an agreed statement of facts, that an Employee has committed a Dishonest or Fraudulent Act or Theft which caused the loss.

INTERPRETATION

“Alteration” means the marking, changing or altering in a material way of the terms, meaning or legal effect of a document with the intent to deceive.

“Application” means the Insured’s application (and any attachments and materials submitted in connection therewith) furnished to the Underwriter for this Bond.

“Computer System” means (1) computers with related peripheral components, including storage components, (2) systems and applications software, (3) terminal devices, (4) related communications networks or customer communication systems, and (5) related electronic funds transfer systems; by which data or monies are electronically collected, transmitted, processed, stored or retrieved.

“Counterfeit” means, with respect to any item, one which is false but is intended to deceive and to be taken for the original authentic item.

“Deductible Amount” means, with respect to any Insuring Agreement, the amount set forth under the heading “Deductible Amount” in Item 3 of the Declarations or in any Rider for such Insuring Agreement, applicable to each Single Loss covered by such Insuring Agreement.

“Depository” means any “securities depository” (other than any foreign securities depository) in which an Investment Company may deposit its Securities in accordance with Rule 17f-4 under the Investment Company Act of 1940.

“Dishonest or Fraudulent Act” means any dishonest or fraudulent act, including “larceny and embezzlement” as defined in Section 37 of the Investment Company Act of 1940, committed with the conscious manifest intent (1) to cause the Insured to sustain a loss and (2) to obtain financial benefit for the perpetrator or any other person (other than salaries, commissions, fees, bonuses, awards, profit sharing, pensions or other employee benefits). A Dishonest or Fraudulent Act does not mean or include a reckless act, a negligent act, or a grossly negligent act.

“Electronic Transmission” means any transmission effected by electronic means, including but not limited to a transmission effected by telephone tones, Telefacsimile, wireless device, or over the Internet.

“Employee” means:

each officer, director, trustee, partner or employee of the Insured, and

each officer, director, trustee, partner or employee of any predecessor of the Insured whose principal assets are acquired by the Insured by consolidation or merger with, or purchase of assets or capital stock of, such predecessor, and

each attorney performing legal services for the Insured and each employee of such attorney or of the law firm of such attorney while performing services for the Insured, and

each student who is an authorized intern of the Insured, while in any of the Insured’s offices, and

each officer, director, trustee, partner or employee of

an investment adviser,

an underwriter (distributor),

a transfer agent or shareholder accounting recordkeeper, or

an administrator authorized by written agreement to keep financial and/or other required records,

each individual assigned, by contract or by any agency furnishing temporary personnel, in either case on a contingent or part-time basis, to perform the usual duties of an employee in any office of the Insured, and

each individual assigned to perform the usual duties of an employee or officer of any entity authorized by written agreement with the Insured to perform services as electronic data processor of checks or other accounting records of the Insured, but excluding a processor which acts as transfer agent or in any other agency capacity for the Insured in issuing checks, drafts or securities, unless included under subsection (5) hereof, and

each officer, partner or employee of

any Depository or Exchange,

any nominee in whose name is registered any Security included in the systems for the central handling of securities established and maintained by any Depository, and

any recognized service company which provides clerks or other personnel to any Depository or Exchange on a contract basis,

in the case of an Insured which is an “employee benefit plan” (as defined in Section 3 of the Employee Retirement Income Security Act of 1974 (“ERISA”)) for officers, directors or employees of another Insured (“In-House Plan”), any “fiduciary” or other “plan official” (within the meaning of Section 412 of ERISA) of such In-House Plan, provided that such fiduciary or other plan official is a director, partner, officer, trustee or employee of an Insured (other than an In-House Plan).

“Exchange” means any national securities exchange registered under the Securities Exchange Act of 1934.

“Forgery” means the physical signing on a document of the name of another person (whether real or fictitious) with the intent to deceive. A Forgery may be by means of mechanically reproduced facsimile signatures as well as handwritten signatures. Forgery does not include the signing of an individual’s own name, regardless of such individual’s authority, capacity or purpose.

“Items of Deposit” means one or more checks or drafts.

“Investment Company” or “Fund” means an investment company registered under the Investment Company Act of 1940.

“Limit of Liability” means, with respect to any Insuring Agreement, the limit of liability of the Underwriter for any Single Loss covered by such Insuring Agreement as set forth under the heading “Limit of Liability” in Item 3 of the Declarations or in any Rider for such Insuring Agreement.

“Mysterious Disappearance” means any disappearance of Property which, after a reasonable investigation has been conducted, cannot be explained.

“Non-Fund” means any corporation, business trust, partnership, trust or other entity which is not an Investment Company.

“Phone/Electronic Transaction Security Procedures” means security procedures for Phone/Electronic Transactions as provided in writing to the Underwriter.

“Phone/Electronic Transaction” means any (1) redemption of shares issued by an Investment Company, (2) election concerning dividend options available to Fund shareholders, (3) exchange of shares in a registered account of one Fund into shares in an identically registered account of another Fund in the same complex pursuant to exchange privileges of the two Funds, or (4) purchase of shares issued by an Investment Company, which redemption, election, exchange or purchase is requested by voice over the telephone or through an Electronic Transmission.

“Property” means the following tangible items: money, postage and revenue stamps, precious metals, Securities, bills of exchange, acceptances, checks, drafts, or other written orders or directions to pay sums certain in money, certificates of deposit, due bills, money orders, letters of credit, financial futures contracts, conditional sales contracts, abstracts of title, insurance policies, deeds, mortgages, and assignments of any of the foregoing, and other valuable papers, including books of account and other records used by the Insured in the conduct of its business, and all other instruments similar to or in the nature of the foregoing (but excluding all data processing records), (1) in which the Insured has a legally cognizable interest, (2) in which the Insured acquired or should have acquired such an interest by reason of a predecessor’s declared financial condition at the time of the Insured’s consolidation or merger with, or purchase of the principal assets of, such predecessor or (3) which are held by the Insured for any purpose or in any capacity.

“Securities” means original negotiable or non-negotiable agreements or instruments which represent an equitable or legal interest, ownership or debt (including stock certificates, bonds, promissory notes, and assignments thereof), which are in the ordinary course of business and transferable by physical delivery with appropriate endorsement or assignment. “Securities” does not include bills of exchange, acceptances, certificates of deposit, checks, drafts, or other written orders or directions to pay sums certain in money, due bills, money orders, or letters of credit.

“Security Company” means an entity which provides or purports to provide the transport of Property by secure means, including, without limitation, by use of armored vehicles or guards.

“Self Regulatory Organization” means any association of investment advisers or securities dealers registered under the federal securities laws, or any Exchange.

“Shareholder of Record” means the record owner of shares issued by an Investment Company or, in the case of joint ownership of such shares, all record owners, as designated (1) in the initial account application, or (2) in writing accompanied by a signature guarantee, or (3) pursuant to procedures as set forth in the Application.

“Single Loss” means:

all loss resulting from any one actual or attempted Theft committed by one person, or

all loss caused by any one act (other than a Theft or a Dishonest or Fraudulent Act) committed by one person, or

all loss caused by Dishonest or Fraudulent Acts committed by one person, or

all expenses incurred with respect to any one audit or examination, or

all loss caused by any one occurrence or event other than those specified in subsections (1) through (4) above.

“Telefacsimile” means a system of transmitting and reproducing fixed graphic material (as, for example, printing) by means of signals transmitted over telephone lines or over the Internet.

“Theft” means robbery, burglary or hold-up, occurring with or without violence or the threat of violence.

Loss resulting from (1) riot or civil commotion outside the United States of America and Canada, or (2) war, revolution, insurrection, action by armed forces, or usurped power, wherever occurring; except if such loss occurs while the Property is in transit, is otherwise covered under Insuring Agreement D, and when such transit was initiated, the Insured or any person initiating such transit on the Insured’s behalf had no knowledge of such riot, civil commotion, war, revolution, insurrection, action by armed forces, or usurped power.

Loss in time of peace or war resulting from nuclear fission or fusion or radioactivity, or biological or chemical agents or hazards, or fire, smoke, or explosion, or the effects of any of the foregoing.

Loss resulting from any Dishonest or Fraudulent Act committed by any person while acting in the capacity of a member of the Board of Directors or any equivalent body of the Insured or of any other entity.

Loss resulting from any nonpayment or other default of any loan or similar transaction made by the Insured or any of its partners, directors, officers or employees, whether or not authorized and whether procured in good faith or through a Dishonest or Fraudulent Act, unless such loss is otherwise covered under Insuring Agreement A, E or F.

Loss resulting from any violation by the Insured or by any Employee of any law, or any rule or regulation pursuant thereto or adopted by a Self Regulatory Organization, regulating the issuance, purchase or sale of securities, securities transactions upon security exchanges or over the counter markets, Investment Companies, or investment advisers, unless such loss, in the absence of such law, rule or regulation, would be covered under Insuring Agreement A, E or F.

Loss resulting from Property that is the object of Theft, Dishonest or Fraudulent Act, or Mysterious Disappearance while in the custody of any Security Company, unless such loss is covered under this Bond and is in excess of the amount recovered or received by the Insured under (1) the Insured’s

contract with such Security Company, and (2) insurance or indemnity of any kind carried by such Security Company for the benefit of, or otherwise available to, users of its service, in which case this Bond shall cover only such excess, subject to the applicable Limit of Liability and Deductible Amount.

Potential income, including but not limited to interest and dividends, not realized by the Insured because of a loss covered under this Bond, except when covered under Insuring Agreement H.

Loss in the form of (1) damages of any type for which the Insured is legally liable, except direct compensatory damages, or (2) taxes, fines, or penalties, including without limitation two-thirds of treble damage awards pursuant to judgments under any statute or regulation.

Loss resulting from the surrender of Property away from an office of the Insured as a result of a threat

to do bodily harm to any person, except where the Property is in transit in the custody of any person acting as messenger as a result of a threat to do bodily harm to such person, if the Insured had no knowledge of such threat at the time such transit was initiated, or

to do damage to the premises or Property of the Insured,

All costs, fees and other expenses incurred by the Insured in establishing the existence of or amount of loss covered under this Bond, except to the extent certain audit expenses are covered under Insuring Agreement B.

Loss resulting from payments made to or withdrawals from any account, involving funds erroneously credited to such account, unless such loss is otherwise covered under Insuring Agreement A.

Loss resulting from uncollectible Items of Deposit which are drawn upon a financial institution outside the United States of America, its territories and possessions, or Canada.

Loss resulting from the Dishonest or Fraudulent Acts, Theft, or other acts or omissions of an Employee primarily engaged in the sale of shares issued by an Investment Company to persons other than (1) a person registered as a broker under the Securities Exchange Act of 1934 or (2) an “accredited investor” as defined in Rule 501(a) of Regulation D under the Securities Act of 1933, which is not an individual.

Loss resulting from the use of credit, debit, charge, access, convenience, identification, cash management or other cards, whether such cards were issued or purport to have been issued by the Insured or by anyone else, unless such loss is otherwise covered under Insuring Agreement A.

Loss resulting from any purchase, redemption or exchange of securities issued by an Investment Company or other Insured, or any other instruction, request, acknowledgement, notice or transaction involving securities issued by an Investment Company or other Insured or the dividends in respect thereof, when any of the foregoing is requested, authorized or directed or purported to be requested, authorized or directed by voice over the telephone or by Electronic Transmission, unless such loss is otherwise covered under Insuring Agreement A or Insuring Agreement I.

Loss resulting from any Dishonest or Fraudulent Act or Theft committed by an Employee as defined in Section 1.I(2), unless such loss (1) could not have been reasonably discovered by the due diligence of the Insured at or prior to the time of acquisition by the Insured of the assets acquired from a predecessor, and (2) arose out of a lawsuit or valid claim brought against the Insured by a person unaffiliated with the Insured or with any person affiliated with the Insured.

Loss resulting from the unauthorized entry of data into, or the deletion or destruction of data in, or the change of data elements or programs within, any Computer System, unless such loss is otherwise covered under Insuring Agreement A.

becomes aware of facts, or

receives notice of an actual or potential claim by a third party which alleges that the Insured is liable under circumstances,

the value of any Property replaced by the Insured prior to the payment of a claim therefor shall be the actual market value of such Property at the time of replacement, but not in excess of the market value of such Property on the first business day before the discovery of the loss of such Property;

the value of Securities which must be produced to exercise subscription, conversion, redemption or deposit privileges shall be the market value of such privileges immediately preceding the expiration thereof if the loss of such Securities is not discovered until after such expiration, but if there is no quoted or other ascertainable market price for such Property or privileges referred to in clauses (1) and (2), their value shall be fixed by agreement between the parties or by arbitration before an arbitrator or arbitrators acceptable to the parties; and

the value of books of accounts or other records used by the Insured in the conduct of its business shall be limited to the actual cost of blank books, blank pages or other materials if the books or records are reproduced plus the cost of labor for the transcription or copying of data furnished by the Insured for reproduction.

the total liability of the Underwriter hereunder for each Single Loss shall not exceed the Limit of Liability which would be applicable if there were only one named Insured, regardless of the number of Insured entities which sustain loss as a result of such Single Loss,

the Insured first named in Item 1 of the Declarations shall be deemed authorized to make, adjust, and settle, and receive and enforce payment of, all claims hereunder as the agent of each other Insured for such purposes and for the giving or receiving of any notice required or permitted to be given hereunder; provided, that the Underwriter shall promptly furnish each named Insured Investment Company with (1) a copy of this Bond and any amendments thereto, (2) a copy of each formal filing of a claim hereunder by any other Insured, and (3) notification of the terms of the settlement of each such claim prior to the execution of such settlement,

the Underwriter shall not be responsible or have any liability for the proper application by the Insured first named in Item 1 of the Declarations of any payment made hereunder to the first named Insured,

for the purposes of Sections 4 and 13, knowledge possessed or discovery made by any partner, officer or supervisory Employee of any Insured shall constitute knowledge or discovery by every named Insured,

if the first named Insured ceases for any reason to be covered under this Bond, then the Insured next named shall thereafter be considered as the first named Insured for the purposes of this Bond, and

each named Insured shall constitute “the Insured” for all purposes of this Bond.

the names of the transferors and transferees (or the names of the beneficial owners if the voting securities are registered in another name), and

the total number of voting securities owned by the transferors and the transferees (or the beneficial owners), both immediately before and after the transfer, and

the total number of outstanding voting securities.

INSURED

Prudential Jennison Blend Fund, Inc.

EFFECTIVE DATE

August 1, 2018

20/20 Focus Portfolio

Conservative Balanced Portfolio

Diversified Bond Portfolio

Equity Portfolio

Flexible Managed Portfolio

Global Portfolio

Government Income Portfolio

Government Money Market Portfolio

High Yield Bond Portfolio

Jennison Portfolio

Natural Resources Portfolio

Prudential’s Gibraltar Fund, Inc.

Small Capitalization Stock Portfolio

Stock Index Portfolio

SP International Growth Portfolio

SP Prudential U.S. Emerging Growth Portfolio

SP Small Cap Value Portfolio

Value Portfolio

AST AB Global Bond Portfolio

AST Academic Strategies Asset Allocation Portfolio

AST Advanced Strategies Portfolio

AST American Funds Growth Allocation

AST AQR Emerging Markets Equity Portfolio

AST AQR Large Cap Portfolio

AST Balanced Asset Allocation Portfolio

AST Blackrock Global Strategies Portfolio

AST Blackrock Loomis Sayles Bond Portfolio

AST Blackrock Low Duration Bond Portfolio

AST Bond Portfolio 2018

AST Bond Portfolio 2019

AST Bond Portfolio 2020

AST Bond Portfolio 2021

AST Bond Portfolio 2022

AST Bond Portfolio 2023

AST Bond Portfolio 2024

AST Bond Portfolio 2025

AST Bond Portfolio 2026

AST Bond Portfolio 2027

AST Bond Portfolio 2028

AST Bond Portfolio 2029

AST Bond Portfolio 2030

AST Capital Growth Asset Allocation Portfolio

AST Clearbridge Dividend Growth Portfolio

AST Cohen & Steers Realty Portfolio

AST Columbia Adaptive Risk Allocation Portfolio

AST Emerging Managers Diversified Portfolio

AST Fidelity Institutional AM^SM Quantitative Portfolio

AST FQ Absolute Return Currency Portfolio

AST Franklin Templeton K2 Global Absolute Return Portfolio

AST Global Real Estate Portfolio

AST Goldman Sachs Global Growth Allocation Portfolio

AST Goldman Sachs Global Income Portfolio

AST Goldman Sachs Large-Cap Value Portfolio

AST Goldman Sachs Mid-Cap Growth Portfolio

AST Goldman Sachs Multi Asset Portfolio

AST Goldman Sachs Small-Cap Portfolio

AST Goldman Sachs Strategic Income Portfolio

AST Government Money Market Portfolio

AST High Yield Portfolio

AST Hotchkis Wiley Large-Cap Value Portfolio

AST International Growth Portfolio

AST International Value Portfolio

AST Investment Grade Bond Portfolio

AST Jennison Global Infrastructure Portfolio

AST Jennison Large Cap Growth Portfolio

AST JP Morgan Global Thematic Portfolio

AST JP Morgan Intl Equity Portfolio

AST JP Morgan Strategic Opportunities Portfolio

AST Legg Mason Diversified Growth Portfolio

AST Loomis Sayles Large-Cap Growth Portfolio

AST Lord Abbett Core Fixed Income Portfolio

AST Managed Alternatives Portfolio

AST Managed Equity Portfolio

AST Managed Fixed-Income Portfolio

AST MFS Global Equity Portfolio

AST MFS Growth Portfolio

AST MFS Large Cap Value Portfolio

AST Morgan Stanley Multi Asset Portfolio

AST Multi-Sector Fixed Income Portfolio

AST Neuberger Berman Long/Short Portfolio

AST Neuberger Berman/LSV Mid-Cap Value Portfolio

AST New Discovery Asset Allocation Portfolio

AST Parametric Emerging Market Equity Portfolio

AST Preservation Asset Allocation Portfolio

AST Prudential Core Bond Portfolio

AST Prudential Flexible Multi-Strategy Portfolio

AST Prudential Growth Allocation Portfolio

AST QMA International Core Equity Portfolio

AST QMA Large Cap Portfolio

AST QMA US Equity Alpha Portfolio

AST Quantitative Modeling Portfolio

AST RCM World Trends Portfolio

AST Small-Cap Growth Opportunity Portfolio

AST Small-Cap Growth Portfolio

AST Small-Cap Value Portfolio

AST T. Rowe Price Asset Allocation Portfolio

AST T. Rowe Price Diversified Real Growth Portfolio

AST T. Rowe Price Growth Opportunities Portfolio

AST T. Rowe Price Large Cap Growth Portfolio

AST T. Rowe Price Large-Cap Value Portfolio

AST T. Rowe Price Nat Resources Portfolio

AST Templeton Bond Portfolio

AST Wedge Capital Mid-Cap Value Portfolio

AST Wellington Management Global Bond Portfolio

AST Wellington Management Hedged Equity Portfolio

AST Wellington Management Real Total Return Portfolio

AST Western Asset Core Plus Bond Portfolio

AST Western Asset Emerging Market Debt Portfolio

PGIM Core Conservative Bond Fund

PGIM Core Short-Term Bond Fund

PGIM Core Ultra Short Fund

PGIM Institutional Money Market

PGIM Jennison Small-Cap Core Equity Fund

PGIM QMA Commodity Strategies Fund

PGIM QMA Emerging Markets Equity Fund

PGIM QMA International Developed Markets Index Fund

PGIM QMA Mid-cap Core Equity Fund

PGIM QMA U.S. Broad Market Index Fund

PGIM Tips Fund

PGIM Global Absolute Return Fund

PGIM Jennison Focused Growth Fund

PGIM QMA Global Tactical Allocation Fund

PGIM QMA Large-Cap Value Fund

PGIM Real Assets Fund

PGIM Unconstrained Bond Fund

PGIM Muni High Income Fund

PGIM 60/40 Allocation Fund

PGIM Jennison Diversified Growth Fund

PGIM Jennison Rising Dividend Fund

PGIM California Income Fund

PGIM Jennison Value Fund

PGIM QMA Stock Index Fund

PGIM Absolute Return Fund

PGIM International Bond Fund

PGIM QMA Large Cap Core Equity Fund

PGIM Real Estate Income Fund

PGIM Select Real Estate Fund

PGIM Jennison Equity Income Fund

PGIM QMA Mid Cap Value Fund

PGIM Global Real Estate Fund

PGIM Jennison Technology

PGIM QMA Large-Cap Core Equity Plus Fund

PGIM QMA Long-Short Equity Fund

PGIM Short Duration Muni High Income Fund

PGIM U.S. Real Estate Fund

PGIM Floating Rate Income Fund

PGIM Government Income Fund, Inc.

PGIM High Yield Fund, Inc.

PGIM Short Duration High Yield Income Fund

PGIM Income Builder Fund

PGIM QMA Defensive Equity Fund

PGIM Short Duration Multi-Sector Bond Fund

PGIM Total Return Bond Fund

PGIM Jennison 20/20 Focus Fund

PGIM Jennison MLP Fund

PGIM Balanced Fund

PGIM Conservative Allocation Fund

PGIM Growth Allocation Fund

PGIM Jennison Equity Opportunity Fund

PGIM Jennison Growth Fund

PGIM Moderate Allocation Fund

PGIM Core Bond Fund

PGIM Corporate Bond Fund

PGIM QMA Small-Cap Value Fund

Prudential Day One Income Fund

Prudential Day One 2010 Fund

Prudential Day One 2015 Fund

Prudential Day One 2020 Fund

Prudential Day One 2025 Fund

Prudential Day One 2030 Fund

Prudential Day One 2035 Fund

Prudential Day One 2040 Fund

Prudential Day One 2045 Fund

Prudential Day One 2050 Fund

Prudential Day One 2055 Fund

Prudential Day One 2060 Fund

PGIM Emerging Markets Debt Hard Currency Fund

PGIM Emerging Markets Debt Local Currency Fund

PGIM Jennison Emerging Markets Equity Opportunities Fund

PGIM Jennison Global Infrastructure Fund

PGIM Jennison Global Opportunities

PGIM Jennison International Opportunities

PGIM QMA International Equity Fund

PGIM Jennison Financial Services Fund

PGIM Jennison Health Sciences Fund

PGIM Jennison Utility Fund

PGIM Active High Yield Bond ETF

PGIM QMA Strategic Alpha International Equity ETF

PGIM QMA Strategic Alpha Large-Cap Core ETF

PGIM QMA Strategic Alpha Small-Cap Growth ETF

PGIM QMA Strategic Alpha Small-Cap Value ETF

PGIM Ultra Short Bond ETF

PGIM Global Short Duration High Yield Fund, Inc.

PGIM Short Duration High Yield Fund, Inc.

The Prudential Variable Contract Account-2

The Prudential Variable Contract Account-10

INSURED

Prudential Jennison Blend Fund, Inc.

EFFECTIVE DATE

August 1, 2018

COMPUTER SECURITY

Definitions. The following terms used in this Insuring Agreement shall have the following meanings:

“Authorized User” means any person or entity designated by the Insured (through contract, assignment of User Identification, or otherwise) as authorized to use a Covered Computer System, or any part thereof. An individual who invests in an Insured Fund shall not be considered to be an Authorized User solely by virtue of being an investor.

“Computer Fraud” means the unauthorized entry of data into, or the deletion or destruction of data in, or change of data elements or programs within, a Covered Computer System which:

is committed by any Unauthorized Third Party anywhere, alone or in collusion with other Unauthorized Third Parties; and

is committed with the conscious manifest intent (a) to cause the Insured to sustain a loss, and (b) to obtain financial benefit for the perpetrator or any other person; and

causes (x) Property to be transferred, paid or delivered; or (y) an account of the Insured, or of its customer, to be added, deleted, debited or credited; or (z) an unauthorized or fictitious account to be debited or credited.

“Computer Security Procedures” means procedures for prevention of unauthorized computer access and use and administration of computer access and use as provided in writing to the Underwriter.

“Covered Computer System” means any Computer System as to which the Insured has possession, custody and control.

“Unauthorized Third Party” means any person or entity that, at the time of the Computer Fraud, is not an Authorized User.

“User Identification” means any unique user name (i.e., a series of characters) that is assigned to a person or entity by the Insured.

Exclusions. It is further understood and agreed that this Insuring Agreement J shall not cover:

Any loss covered under Insuring Agreement A, “Fidelity,” of this Bond; and

Any loss resulting directly or indirectly from Theft or misappropriation of confidential or proprietary information, material or data (including but not limited to trade secrets, computer programs or customer information); and

Any loss resulting from the intentional failure to adhere to one or more Computer Security Procedures; and

Any loss resulting from a Computer Fraud committed by or in collusion with:

any Authorized User (whether a natural person or an entity); or

in the case of any Authorized User which is an entity, (a) any director, officer, partner, employee or agent of such Authorized User, or (b) any entity which controls, is controlled by, or is under common control with such Authorized User (“Related Entity”), or (c) any director, officer, partner, employee or agent of such Related Entity; or

in the case of any Authorized User who is a natural person, (a) any entity for which such Authorized User is a director, officer, partner, employee or agent (“Employer Entity”), or (b) any director, officer, partner, employee or agent of such Employer Entity, or (c) any entity which controls, is controlled by, or is under common control with such Employer Entity (“Employer-Related Entity”), or (d) any director, officer, partner, employee or agent of such Employer-Related Entity;

Any loss resulting from physical damage to or destruction of any Covered Computer System, or any part thereof, or any data, data elements or media associated therewith; and

Any loss not directly and proximately caused by Computer Fraud (including, without limitation, disruption of business and extra expense); and

Payments made to any person(s) who has threatened to deny or has denied authorized access to a Covered Computer System or otherwise has threatened to disrupt the business of the Insured.

by written notice from the Underwriter not less than sixty (60) days prior to the effective date of termination specified in such notice; or

immediately by written notice from the Insured to the Underwriter.

INSURED

Prudential Jennison Blend Fund, Inc.

EFFECTIVE DATE

August 1, 2018

letter requesting redemption of $50,000 or less payable by check to the shareholder of record and addressed to the address of record; or

letter requesting redemption of $50,000 or less by wire transfer to the record shareholder’s bank account of record; or

written request to a trustee or custodian for a Designated Retirement Account (“DRA”) which holds shares of an Insured Fund, where such request (a) purports to be from or at the instruction of the Owner of such DRA, and (b) directs such trustee or custodian to transfer $50,000 or less from such DRA to a trustee or custodian for another DRA established for the benefit of such Owner;

“Designated Retirement Account” means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

“Owner” means the individual for whose benefit the DRA, or a subaccount thereof, is established.

INSURED

Prudential Jennison Blend Fund, Inc.

EFFECTIVE DATE

August 1, 2018

such Third Party Check is used to open or increase an account which is registered in the name of one or more of the payees on such Third Party Check, and

reasonable efforts are made by the Insured, or by the entity receiving Third Party Checks on behalf of the Insured, to verify all endorsements on all Third Party Checks made payable in amounts greater than $100,000 (provided, however, that the isolated failure to make such efforts in a particular instance will not preclude coverage, subject to the exclusions herein and in the Bond),

any payee on such Third Party Check reasonably appears to be a corporation or other entity; or

such Third Party Check is made payable in an amount greater than $100,000 and does not include the purported endorsements of all payees on such Third Party Check.

INSURED

Prudential Jennison Blend Fund, Inc.

EFFECTIVE DATE

August 1, 2018

INSURED

Prudential Jennison Blend Fund, Inc.

EFFECTIVE DATE

August 1, 2018

a Phone/Electronic Redemption requested to be paid or made payable by check to the Shareholder of Record at the address of record; or

a Phone/Electronic Redemption requested to be paid or made payable by wire transfer to the Shareholder of Record’s bank account of record,

INSURED

Prudential Jennison Blend Fund, Inc.

EFFECTIVE DATE

August 1, 2018

by transmissions over the Internet,

INSURED

Prudential Jennison Blend Fund, Inc.

EFFECTIVE DATE

August 1, 2018

Prudential Mutual Funds - Retail Funds

Fidelity Bond Premiums

Period: August 1, 2018 to August 1, 2019

PIP 2 - PGIM CORE CONSERVATIVE BOND FUND

PIP 2 - PGIM CORE SHORT-TERM BOND FUND**

PIP 2 - PGIM CORE ULTRA SHORT FUND**

PIP 2 - PGIM INSTITUTIONAL MONEY MARKET†

PIP 2 - PGIM JENNISON SMALL-CAP CORE EQUITY FUND

PIP 2 - PGIM QMA COMMODITY STRATEGIES FUND

PIP 2 - PGIM QMA EMERGING MARKETS EQUITY FUND

PIP 2 - PGIM QMA MID-CAP CORE EQUITY FUND

PIP 2 - PGIM QMA U.S. BROAD MARKET INDEX FUND

PIP 2 - PGIM TIPS FUND

PIP 3 - PGIM GLOBAL ABSOLUTE RETURN FUND

PIP 3 - PGIM JENNISON FOCUSED GROWTH FUND

PIP 3 - PGIM QMA GLOBAL TACTICAL ALLOCATION FUND

PIP 3 - PGIM QMA LARGE-CAP VALUE FUND

PIP 3 - PGIM REAL ASSETS FUND#

PIP 3 - PGIM UNCONSTRAINED BOND FUND

PIP 4 - PGIM MUNI HIGH INCOME FUND

PIP 5 - PGIM 60/40 ALLOCATION FUND#

PIP 5 - PGIM JENNISON DIVERSIFIED GROWTH FUND

PIP 5 - PGIM JENNISON RISING DIVIDEND FUND

PIP 6 - PGIM CALIFORNIA INCOME FUND

PIP 7 - PGIM JENNISON VALUE FUND

PIP 8 - PGIM QMA STOCK INDEX FUND

PIP 9 - PGIM ABSOLUTE RETURN FUND

PIP 9 - PGIM INTERNATIONAL BOND FUND

PIP 9 - PGIM QMA LARGE CAP CORE EQUITY FUND

PIP 9 - PGIM REAL ESTATE INCOME FUND

PIP 9 - PGIM SELECT REAL ESTATE FUND

PIP 10 - PGIM JENNISON EQUITY INCOME FUND

PIP 10 - PGIM QMA MID CAP VALUE FUND

PIP 12 - PGIM GLOBAL REAL ESTATE FUND

PIP 12 - PGIM JENNISON TECHNOLOGY

PIP 12 - PGIM QMA LARGE-CAP CORE EQUITY PLUS FUND

PIP 12 - PGIM QMA LONG-SHORT EQUITY FUND

PIP 12 - PGIM SHORT DURATION MUNI HIGH INCOME FUND

PIP 12 - PGIM U.S. REAL ESTATE FUND

PIP 14 - PGIM FLOATING RATE INCOME FUND

PIP 14 - PGIM GOVERNMENT INCOME FUND, INC.

PIP 15 - PGIM HIGH YIELD FUND, INC.

PIP 15 - PGIM SHORT DURATION HIGH YIELD INCOME FUND

PIP 16 - PGIM INCOME BUILDER FUND#

PIP 16 - PGIM QMA DEFENSIVE EQUITY FUND

PIP 17 - PGIM SHORT DURATION MULTI-SECTOR BOND FUND

PIP 17 - PGIM TOTAL RETURN BOND FUND, INC.

PIP 18 - PGIM JENNISON 20/20 FOCUS FUND

PIP 18 - PGIM JENNISON MLP FUND

PIP, INC. - PGIM BALANCED FUND

PIP, INC. - PGIM CONSERVATIVE ALLOCATION FUND#

PIP, INC. - PGIM GROWTH ALLOCATION FUND#

PIP, INC. - PGIM JENNISON EQUITY OPPORTUNITY FUND

PIP, INC. - PGIM JENNISON GROWTH FUND

PIP, INC. - PGIM MODERATE ALLOCATION FUND#

PGIM GLOBAL TOTAL RETURN FUND, INC.

PGIM GLOBAL TOTAL RETURN (USD HEDGED) FUND

PGIM GOVERNMENT MONEY MARKET FUND, INC.

PGIM JENNISON BLEND FUND, INC.

PGIM JENNISON MID-CAP GROWTH FUND, INC.

PGIM JENNISON NATURAL RESOURCES FUND, INC.

PGIM JENNISON SMALL COMPANY FUND, INC.

PGIM NATIONAL MUNI FUND, INC.

PGIM SHORT-TERM CORPORATE BOND FUND, INC.

TARGET PORTFOLIO TRUST:

PGIM CORE BOND FUND

PGIM CORPORATE BOND FUND

PGIM QMA SMALL-CAP VALUE FUND

DAY ONE:

PRUDENTIAL DAY ONE INCOME FUND#

PRUDENTIAL DAY ONE 2010 FUND#

PRUDENTIAL DAY ONE 2015 FUND#

PRUDENTIAL DAY ONE 2020 FUND#

PRUDENTIAL DAY ONE 2025 FUND#

PRUDENTIAL DAY ONE 2030 FUND#

PRUDENTIAL DAY ONE 2035 FUND#

PRUDENTIAL DAY ONE 2040 FUND#

PRUDENTIAL DAY ONE 2045 FUND#

PRUDENTIAL DAY ONE 2050 FUND#

PRUDENTIAL DAY ONE 2055 FUND#

PRUDENTIAL DAY ONE 2060 FUND#

PRUDENTIAL WORLD FUND, INC.:

PGIM EMERGING MARKETS DEBT LOCAL CURRENCY FUND

PGIM EMERGING MARKETS DEBT HARD CURRENCY FUND

PGIM JENNISON EMERGING MARKETS EQUITY OPPORTUNITIES FUND

PGIM JENNISON GLOBAL INFRASTRUCTURE FUND

PGIM JENNISON GLOBAL OPPORTUNITIES

PGIM JENNISON INTERNATIONAL OPPORTUNITIES

PGIM QMA INTERNATIONAL EQUITY FUND

PGIM SECTOR FUNDS, INC.:

PGIM JENNISON FINANCIAL SERVICES FUND

PGIM JENNISON HEALTH SCIENCES FUND

PGIM JENNISON UTILITY FUND

PGIM ETF TRUST:

PGIM ACTIVE HIGH YIELD BOND ETF*

PGIM QMA STRATEGIC ALPHA INTERNATIONAL EQUITY ETF*

PGIM QMA STRATEGIC ALPHA LARGE-CAP CORE ETF*

PGIM QMA STRATEGIC ALPHA SMALL-CAP GROWTH ETF*

PGIM QMA STRATEGIC ALPHA SMALL-CAP VALUE ETF*

PGIM ULTRA SHORT BOND ETF

CLOSED-END FUND:

PGIM GLOBAL SHORT DURATION HIGH YIELD FUND, INC.

PGIM SHORT DURATION HIGH YIELD FUND, INC.

VCA:

PRUDENTIAL VARIABLE CONTRACT ACCOUNT-2

PRUDENTIAL VARIABLE CONTRACT ACCOUNT-10

GRAND TOTALS

*   Fund expected to merge in November/December 2017.

**  Commencement of Investment operations September 2017. Pro-rated approx. for 10 months.

***   The Core Ultra Short Bond Fund and The Core Short Term Bond Fund Assets do not include assets invested by other Prudential Funds.

#   Fund of Funds - Fund assets have been reduced by the underlying funds asset to eliminate double dipping.

†     Shares of the Fund are offered only to investment companies managed by PI and certain investment advisory clients of PGIM. Assets excluded from total assets.

Prudential Mutual Funds - Annuity Funds

Fidelity Bond Premiums

THE PRUDENTIAL SERIES FUND, INC.:

20/20 FOCUS PORTFOLIO

CONSERVATIVE BALANCED PORTFOLIO

DIVERSIFIED BOND PORTFOLIO

EQUITY PORTFOLIO

FLEXIBLE MANAGED PORTFOLIO

GLOBAL PORTFOLIO

GOVERNMENT INCOME PORTFOLIO

HIGH YIELD BOND PORTFOLIO

JENNISON PORTFOLIO

GOVERNMENT MONEY MARKET PORTFOLIO

NATURAL RESOURCES PORTFOLIO

SMALL CAPITALIZATION STOCK PORTFOLIO

STOCK INDEX PORTFOLIO

VALUE PORTFOLIO

SP INTERNATIONL GROWTH PORTFOLIO

SP PRUDENTIAL U.S. EMERGING GROWTH PORTFOLIO

SP SMALL CAP VALUE PORTFOLIO

PRUDENTIAL’S GIBRALTER FUND, INC.

AST PORTFOLIO:

AST AB GLOBAL BOND PORTFOLIO

AST ACADEMIC STRATEIGIES ASSET ALLOCATION PORTFOLIO*

AST ADVANCED STRATEGIES PORTFOLIO*

AST AMERICAN FUNDS GROWTH ALLOCATION

AST AQR EMERGING MARKETS EQUITY PORTFOLIO

AST AQR LARGE CAP PORTFOLIO

AST BALANCED ASSET ALLOCATION PORTFOLIO*

AST BLACKROCK GLOBAL STRATEGIES PORTFOLIO

AST BLACKROCK LOW DURATION BOND PORTFOLIO

AST BLACKROCK LOOMIS SAYLES BOND PORTFOLIO

AST BOND PORTFOLIO 2018

AST BOND PORTFOLIO 2019

AST BOND PORTFOLIO 2020

AST BOND PORTFOLIO 2021

AST BOND PORTFOLIO 2022

AST BOND PORTFOLIO 2023

AST BOND PORTFOLIO 2024

AST BOND PORTFOLIO 2025

AST BOND PORTFOLIO 2026

AST BOND PORTFOLIO 2027

AST BOND PORTFOLIO 2028

AST BOND PORTFOLIO 2029

AST BOND PORTFOLIO 2030**

AST CAPITAL GROWTH ASSET ALLOCATION PORTFOLIO

AST CLEARBRIDGE DIVIDEND GROWTH PORTFOLIO

AST COHEN & STEERS REALTY PORTFOLIO

AST COLUMBIA ADAPTIVE RISK ALLOCATION PORTFOLIO

AST EMERGING MANAGERS DIVERSIFIED PORTFOLIO

AST FIDELITY INSTITUTIONAL AM^SM QUANTITATIVE PORTFOLIO

AST FQ ABSOLUTE RETURN CURRENCY PORTFOLIO

AST FRANKLIN TEMPLETON K2 GLOBAL ABSOLUTE RETURN PORTFOLIO

AST GLOBAL REAL ESTATE PORTFOLIO

AST GOLDMAN SACHS GLOBAL GROWTH ALLOCATION PORTFOLIO

AST GOLDMAN SACHS GLOBAL INCOME PORTFOLIO

AST GOLDMAN SACHS LARGE-CAP VALUE PORTFOLIO

AST GOLDMAN SACHS MID-CAP GROWTH PORTFOLIO

AST GOLDMAN SACHS MULTI ASSET PORTFOLIO

AST GOLDMAN SACHS SMALL-CAP VALE PORTFOLIO

AST GOLDMAN SACHS STRATEGIC INCOME PORTFOLIO

AST GOVERNMENT MONEY MARKET PORTFOLIO

AST HIGH YIELD PORTFOLIO

AST HOTCHKIS WILEY LARGE-CAP VALUE PORTFOLIO

AST INTERNATIONAL GROWTH PORTFOLIO

AST INTERNATIONAL VALUE PORTFOLIO

AST INVESTMENT GRADE BOND PORTFOLIO

AST JENNISON GLOBAL INFRASTRUCTURE PORTFOLIO

AST JENNISON LARGE CAP GROWTH PORTFOLIO

AST JP MORGAN GLOBAL THEMATIC PORTFOLIO

AST JP MORGAN INTL EQUITY PORTFOLIO

AST JP MORGAN STRATEGIC OPPORTUNITIES PORTFOLIO

AST LEGG MASON DIVERSIFIED GROWTH PORTFOLIO

AST LOOMIS SAYLES LARGE-CAP GROWTH PORTFOLIO

AST LORD ABBETT CORE FIXED INCOME PORTFOLIO

AST MANAGED ALTERNATIVES PORTFOLIO

AST MANAGED EQUITY PORTFOLIO

AST MANAGED FIXED-INCOME PORTFOLIO

AST MFS GLOBAL EQUITY PORTFOLIO

AST MFS GROWTH PORTFOLIO

AST MFS LARGE CAP VALUE PORFOLIO

AST MORGAN STANLEY MULTI ASSET PORTFOLIO

AST MULTI-SECTOR FIXED INCOME PORTFOLIO

AST NEUBERGER BERMAN LONG/SHORT PORTFOLIO

AST NEUBERGER BERMAN/LSV MID-CAP VALUE PORTFOLIO

AST NEW DISCOVERY ASSET ALLOCATION PORTFOLIO

AST PARAMETRIC EMERGING MARKET PORTFOLIO

AST PRESERVATION ASSET ALLOCATION PORTFOLIO

AST PRUDENTIAL CORE BOND PORTFOLIO

AST PRUDENTIAL FLEXIBLE MULTI-STRATEGY PORTFOLIO

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO

AST QMA INTERNATIONAL CORE EQUITY PORTFOLIO

AST QMA LARGE CAP PORTFOLIO

AST QMA US EQUITYALPHA PORTFOLIO

AST QUANTITATIVE MODELING PORTFOLIO

AST RCM WORLDS TRENDS PORTFOLIO

AST SMALL-CAP GROWTH OPPORTUNITIES PORTFOLIO

AST SMALL-CAP GROWTH PORTFOLIO

AST SMALL-CAP VALUE PORTFOLIO

AST T. ROWE PRICE ASSET ALLOCATION PORTFOLIO

AST T. ROWE PRICE DIVERSIFIED REAL GROWTH PORTFOLIO

AST T. ROWE PRICE NAT RESOURCES PORTFOLIO

AST T. ROWE PRICE GROWTH OPPORTUNITIES PORTFOLIO

AST T. ROWE PRICE LARGE CAP GROWTH PORTFOLIO

AST T. ROWE PRICE LARGE-CAP VALUE PORTFOLIO

AST TEMPLETON GLOBAL BOND PORTFOLIO

AST WEDGE CAPITAL MID-CAP VALUE PORTFOLIO