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<!DOCTYPE html><html lang="en"><head><script src="/iffearnd-not-Looke-me-When-the-vpon-Thath-Centle" async></script> <meta charset="utf-8"> <title>PGIM: Global Asset Management</title> <base href="/">  <meta name="viewport" content="width=device-width, initial-scale=1">    <script type="text/javascript" src="/ruxitagentjs_ICANVfgqrux_10307250124095659.js" data-dtconfig="rid=RID_2418|rpid=1614505572|domain=pgim.com|reportUrl=/rb_ehj98654|app=57c6f3b8692d24e1|cuc=brz4u4kt|ssc=1|mel=100000|featureHash=ICANVfgqrux|dpvc=1|ssv=4|lastModification=1743630170512|tp=500,50,0|rdnt=1|uxrgce=1|bp=3|agentUri=/ruxitagentjs_ICANVfgqrux_10307250124095659.js"></script><link rel="stylesheet" href="https://cdnjs.cloudflare.com/ajax/libs/font-awesome/4.7.0/css/font-awesome.min.css"> <script type="text/javascript" src="https://cdn.pficdn.com/pru-angular-foundational/2.91.242/assets/jquery.min.js"></script> <script type="text/javascript" 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ng-transition="serverApp">.main_navigation[_ngcontent-sc24]{box-shadow:0 7px 16px 0 transparent;position:relative;left:1.0625rem;width:calc(100% - 2.125rem);z-index:9999;transition:box-shadow .5s,transform 1s cubic-bezier(.2,.8,.2,1),opacity 1s cubic-bezier(.2,.8,.2,1);transform:translateY(-100%);opacity:0;height:5rem;margin-bottom:-6.25rem}.main_navigation[_ngcontent-sc24]::after{clear:both;content:"";display:block}.main_navigation--curtainClosedAnchorTop[_ngcontent-sc24], .main_navigation--storybookIgnoreAnimation[_ngcontent-sc24]{transform:translateY(0);opacity:1}.main_navigation--heading[_ngcontent-sc24]{display:flex;align-items:center;justify-content:space-between;height:6.25rem;border-bottom:.0625rem solid rgba(255,255,255,.2);transition:height .5s}.main_navigation--light[_ngcontent-sc24] .main_navigation--heading[_ngcontent-sc24]{border-bottom:.0625rem solid rgba(0,34,71,.2)}.main_navigation--heading[_ngcontent-sc24] 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JP",sans-serif;font-weight:600;color:#fff;font-size:.875rem;letter-spacing:.0125rem;line-height:1}@media (min-width:47.75rem){ html[lang=ja] .menu_link--action, html[lang=ja] .menu_link a{font-size:.875rem;letter-spacing:.0125rem;line-height:1}} html[lang=zh-hans] .menu_link--action, html[lang=zh-hans] .menu_link a{font-family:"Noto Sans SC",sans-serif;font-weight:700;color:#fff;font-size:1rem;line-height:28px} html[lang=zh-hant] .menu_link--action, html[lang=zh-hant] .menu_link a{font-family:"Noto Sans TC",sans-serif;font-weight:700;color:#fff;font-size:1rem;line-height:28px}@media (min-width:63.9375rem){ html[lang=zh-hans] .menu_link--action, html[lang=zh-hans] .menu_link a{font-size:1rem;line-height:28px} html[lang=zh-hant] .menu_link--action, html[lang=zh-hant] .menu_link a{font-size:1rem;line-height:28px}}.main_navigation--desktop.main_navigation--darkblue[_ngcontent-sc24] .menu_link--action[_ngcontent-sc24], .main_navigation--desktop.main_navigation--darkblue[_ngcontent-sc24] .menu_link[_ngcontent-sc24] a, .main_navigation--light[_ngcontent-sc24] .menu_link--action[_ngcontent-sc24], .main_navigation--light[_ngcontent-sc24] .menu_link[_ngcontent-sc24] a{color:#002247}.menu_link_icon[_ngcontent-sc24]{position:absolute;top:50%;right:0;transform:translateY(-50%) rotate(-90deg);width:2rem;transition:transform 250ms cubic-bezier(.25,.75,.58,.1);pointer-events:none}.menu_link--open[_ngcontent-sc24] .menu_link_icon[_ngcontent-sc24]{transform:translateY(-50%) rotate(0)}.menu_link--border[_ngcontent-sc24]{display:none}@media (min-width:47.75rem){ html[lang=zh-hans] .menu_link--action, html[lang=zh-hans] .menu_link a{font-size:1rem;line-height:28px} html[lang=zh-hant] .menu_link--action, html[lang=zh-hant] .menu_link a{font-size:1rem;line-height:28px}.main_navigation--not-desktop[_ngcontent-sc24]{width:calc(100% - 1.25rem);left:.625rem;overflow:visible}.main_navigation_glass_bg[_ngcontent-sc24]{background-color:rgba(0,34,71,.8)}.main_navigation_wrapper[_ngcontent-sc24]{width:calc(100% - 3.75rem);float:left;margin-left:1.875rem;transition:max-width .5s cubic-bezier(.6,0,.4,.1)}.main_navigation--not-desktop.main_navigation--menu-open[_ngcontent-sc24] .main_navigation_wrapper[_ngcontent-sc24]{width:calc(100% - 1rem);float:left;margin-left:.5rem;background-color:#002247;max-width:31.875rem;right:0;height:100%;overflow-y:auto;padding:0 1.875rem;transition:none}.main_navigation--not-desktop.main_navigation--menu-open[_ngcontent-sc24] .menus[_ngcontent-sc24]{z-index:10002}.main_navigation--not-desktop.main_navigation--menu-open.main_navigation--fixed[_ngcontent-sc24] .menus[_ngcontent-sc24]{position:relative;left:0;right:0}.main_navigation--not-desktop.main_navigation--menu-open[_ngcontent-sc24] .main_navigation--heading[_ngcontent-sc24]{left:0;right:0;margin:0 1.875rem;width:calc(31.875rem - (1.875rem * 2));overflow:hidden}.main_navigation--not-desktop.main_navigation--menu-open[_ngcontent-sc24]::after{content:'';position:absolute;top:0;left:100%;display:block;width:.625rem;height:100%;background-color:#002247}}.main_navigation--desktop[_ngcontent-sc24]{position:absolute;height:auto;overflow:visible;width:100%;left:0;transition:box-shadow,transform 1s cubic-bezier(.2,.8,.2,1),opacity 1s cubic-bezier(.2,.8,.2,1)}.main_navigation--desktop.main_navigation--menu-open[_ngcontent-sc24]{z-index:10000}.main_navigation--desktop.main_navigation--transparent[_ngcontent-sc24]{z-index:9998}.main_navigation--desktop.main_navigation--fixed[_ngcontent-sc24]{position:fixed;top:0}.main_navigation--desktop.main_navigation--fixed[_ngcontent-sc24] .main_navigation--heading[_ngcontent-sc24]{width:calc(100% - (2.5rem * 2))}.main_navigation--desktop.main_navigation--fixed.main_navigation--menu-open[_ngcontent-sc24] .menus[_ngcontent-sc24]{margin-top:0}.main_navigation--desktop.main_navigation--fixed[_ngcontent-sc24] .menu_item--trending[_ngcontent-sc24] .menu_divider[_ngcontent-sc24], .main_navigation--desktop.main_navigation--light[_ngcontent-sc24] .menu_item--trending[_ngcontent-sc24] .menu_divider[_ngcontent-sc24]{background-color:rgba(0,34,71,.2)}.main_navigation--desktop[_ngcontent-sc24] .icons_section--left[_ngcontent-sc24]{padding-right:0}.main_navigation--desktop[_ngcontent-sc24] .main_navigation_wrapper[_ngcontent-sc24]{position:relative;width:100%;margin-left:0;overflow:visible;padding-left:0;padding-right:0}.main_navigation--desktop[_ngcontent-sc24] .main_navigation--menu-open[_ngcontent-sc24] .menu_item[_ngcontent-sc24], .main_navigation--desktop[_ngcontent-sc24] .menu_item[_ngcontent-sc24]{transform:unset}.main_navigation--desktop[_ngcontent-sc24] .main_navigation--heading[_ngcontent-sc24]{margin:0 2.5rem;position:static;width:calc(100% - (2.5rem * 2))}.main_navigation--desktop[_ngcontent-sc24] .icons[_ngcontent-sc24]{margin-left:1rem}.main_navigation--desktop[_ngcontent-sc24] .menus[_ngcontent-sc24]{flex-direction:row;height:auto;margin-left:auto;margin-top:0;overflow:unset;position:static;width:auto}.main_navigation--desktop[_ngcontent-sc24] .menus--trending[_ngcontent-sc24]{width:100%;margin-left:2.5rem}.main_navigation--desktop[_ngcontent-sc24] .menu_item[_ngcontent-sc24]{margin-left:2.5rem}.main_navigation--desktop[_ngcontent-sc24] .menu_item--trending[_ngcontent-sc24]{position:static;margin-right:auto;margin-top:0;padding-top:0;order:1}.main_navigation--desktop[_ngcontent-sc24] .menu_item--trending[_ngcontent-sc24] .menu_link[_ngcontent-sc24]{position:relative;display:flex}.main_navigation--desktop[_ngcontent-sc24] .menu_item--trending[_ngcontent-sc24] .menu_link_icon[_ngcontent-sc24]{position:relative;display:block;flex-shrink:0;width:1.25rem;height:1.25rem;margin-right:.625rem;transform:none}.main_navigation--desktop[_ngcontent-sc24] .menu_item--trending[_ngcontent-sc24] .menu_link--action[_ngcontent-sc24]{display:block}.main_navigation--desktop[_ngcontent-sc24] .menu_item--trending[_ngcontent-sc24] .menu_divider[_ngcontent-sc24]{position:absolute;top:0;bottom:0;left:-2.5rem;display:block;width:.0625rem;height:1.875rem;margin:auto 0;background-color:rgba(255,255,255,.2)}.main_navigation--desktop[_ngcontent-sc24] .menu_link[_ngcontent-sc24]{position:static}.main_navigation--desktop[_ngcontent-sc24] .menu_link_icon[_ngcontent-sc24]{display:none}.main_navigation--desktop[_ngcontent-sc24] .menu_link_column_title[_ngcontent-sc24]{width:100%}.main_navigation--desktop[_ngcontent-sc24] .menu_link_column_title[_ngcontent-sc24] .link--anchor::after{bottom:-.9375rem}.main_navigation--desktop[_ngcontent-sc24] .menu_link_column_title[_ngcontent-sc24] .link--anchor::after .link--text{display:inline-flex;align-items:center;color:#fff}.main_navigation--desktop[_ngcontent-sc24] .menu_link_column_title[_ngcontent-sc24] .link--anchor:focus::after, .main_navigation--desktop[_ngcontent-sc24] .menu_link_column_title[_ngcontent-sc24] .link--anchor:hover::after{width:100%}.main_navigation--desktop[_ngcontent-sc24] .menu_link_column_title[_ngcontent-sc24] .link--anchor:focus ui-icon, .main_navigation--desktop[_ngcontent-sc24] .menu_link_column_title[_ngcontent-sc24] .link--anchor:hover ui-icon{transform:translateX(2px) rotate(-90deg)}.main_navigation--desktop[_ngcontent-sc24] .menu_link--action[_ngcontent-sc24], .main_navigation--desktop[_ngcontent-sc24] .menu_link[_ngcontent-sc24] a{overflow:visible;padding:0;position:relative;white-space:nowrap}.main_navigation--desktop[_ngcontent-sc24] .menu_link--action[_ngcontent-sc24]:focus .menu_link--border[_ngcontent-sc24], .main_navigation--desktop[_ngcontent-sc24] .menu_link--action[_ngcontent-sc24]:hover .menu_link--border[_ngcontent-sc24], .main_navigation--desktop[_ngcontent-sc24] .menu_link--trending[_ngcontent-sc24] .menu_link--border[_ngcontent-sc24]{width:100%}.main_navigation--desktop[_ngcontent-sc24] .menu_link[_ngcontent-sc24] a:focus .menu_link--border, .main_navigation--desktop[_ngcontent-sc24] .menu_link[_ngcontent-sc24] a:hover .menu_link--border{width:100%}.main_navigation--desktop[_ngcontent-sc24] .menu_link--border[_ngcontent-sc24]{position:absolute;bottom:-8px;left:0;display:block;height:4px;width:0;transition:width 250ms linear;background-color:#002247}.main_navigation--desktop.main_navigation--light[_ngcontent-sc24] .menu_link--action[_ngcontent-sc24] .menu_link--border[_ngcontent-sc24], .main_navigation--desktop.main_navigation--light[_ngcontent-sc24] .menu_link[_ngcontent-sc24] a .menu_link--border{background-color:#002247}.main_navigation--desktop.main_navigation--darkblue[_ngcontent-sc24] .menu_link--action[_ngcontent-sc24] .menu_link--border[_ngcontent-sc24], .main_navigation--desktop.main_navigation--darkblue[_ngcontent-sc24] .menu_link[_ngcontent-sc24] a .menu_link--border{background-color:#002247}.main_navigation--desktop.main_navigation--dark[_ngcontent-sc24] .menu_link--border[_ngcontent-sc24], .main_navigation--desktop.main_navigation--transparent[_ngcontent-sc24] .menu_link--border[_ngcontent-sc24]{background:#e3b449}.main_navigation--desktop[_ngcontent-sc24] .menu_link--open[_ngcontent-sc24] .menu_link--action[_ngcontent-sc24] .menu_link--border[_ngcontent-sc24]{width:100%}.main_navigation--hidden[_ngcontent-sc24]{overflow:hidden!important}@media screen and (min-width:0) and (max-width:47.6875rem){.logo_img[_ngcontent-sc24]{max-width:10.0625rem}.main_navigation--menu-open[_ngcontent-sc24] .menus[_ngcontent-sc24]{z-index:10002}}@media only screen and (max-width:500px){.main_navigation[_ngcontent-sc24] .logo_link[_ngcontent-sc24]{display:block}.menu_link--action[_ngcontent-sc24], .menu_link[_ngcontent-sc24] a{font-size:2rem}}@media only screen and (min-width:1004px) and (max-width:1150px){.main_navigation--desktop[_ngcontent-sc24] .menu_item--condensed[_ngcontent-sc24]{margin-left:1.9rem}}</style><style ng-transition="serverApp">[_nghost-sc16]{display:block;position:relative;z-index:3;margin-top:auto}</style><style ng-transition="serverApp">[_nghost-sc27]{display:block}[_nghost-sc27] .footer[_ngcontent-sc27]:not(.remove-top-margin){border-top:1.25rem solid #fff}.footer[_ngcontent-sc27]{overflow:hidden;background-color:#002247;color:#fff;padding:3.25rem 0 3.375rem;word-break:break-word}.footer--hidden[_ngcontent-sc27]{display:none}.footer__signUp[_ngcontent-sc27]{padding:0 0 3.75rem;border-bottom:.0625rem solid rgba(255,255,255,.2)}.footer__signUp[_ngcontent-sc27]::after{clear:both;content:"";display:block}.footer__signUp__title[_ngcontent-sc27]{font-family:Knockout-HTF48-Featherweight,sans-serif;font-style:normal;font-weight:400;text-transform:uppercase;color:#fff;font-size:1.5rem;line-height:1;margin:0} html[lang=ja] .footer__signUp__title{font-family:"Noto Sans JP",sans-serif;font-weight:600;text-transform:uppercase;color:#fff} html[lang=zh-hans] .footer__signUp__title{font-family:"Noto Sans SC",sans-serif;font-weight:700;text-transform:uppercase;color:#fff;font-size:1.625rem;line-height:36px}@media (min-width:47.75rem){.footer__signUp__title[_ngcontent-sc27]{font-size:2.25rem;line-height:1} html[lang=zh-hans] .footer__signUp__title{font-size:2.125rem;line-height:44px}}@media (min-width:63.9375rem){.footer__signUp__title[_ngcontent-sc27]{font-size:2.25rem;line-height:1} html[lang=zh-hans] .footer__signUp__title{font-size:2.125rem;line-height:44px}} html[lang=zh-hant] .footer__signUp__title{font-family:"Noto Sans TC",sans-serif;font-weight:700;text-transform:uppercase;color:#fff;font-size:1.625rem;line-height:36px}@media (min-width:63.9375rem){ html[lang=zh-hant] .footer__signUp__title{font-size:2.125rem;line-height:44px}.footer__signUp__subCopy[_ngcontent-sc27]{font-size:1rem;line-height:1.5}}.footer__signUp__title[_ngcontent-sc27] + .footer__signUp__subCopy[_ngcontent-sc27]{margin-top:1.25rem}.footer__signUp__subCopy[_ngcontent-sc27]{width:calc(83.33333% - .91667rem);font-family:Baskerville10Pro,serif;font-style:normal;font-weight:400;text-transform:none;color:#fff;font-size:1rem;line-height:1.5;margin:0;float:none}@media (min-width:47.75rem){ html[lang=zh-hant] .footer__signUp__title{font-size:2.125rem;line-height:44px}.footer__signUp__subCopy[_ngcontent-sc27]{font-size:1rem;line-height:1.5} html[lang=ja] .footer__signUp__subCopy{font-size:.8125rem;line-height:1.5;text-align:justify}} html[lang=ja] .footer__signUp__subCopy{font-family:"Noto Sans JP",sans-serif;font-style:normal;color:#fff;font-size:.8125rem;line-height:1.5;text-align:justify}@media (min-width:63.9375rem){ html[lang=ja] .footer__signUp__subCopy{font-size:.8125rem;line-height:1.5;text-align:justify} html[lang=zh-hans] .footer__signUp__subCopy{font-size:.8125rem;line-height:24px}} html[lang=zh-hans] .footer__signUp__subCopy{font-family:"Noto Serif SC",serif;font-weight:600;color:#fff;font-size:.8125rem;line-height:24px} html[lang=zh-hant] .footer__signUp__subCopy{font-family:"Noto Serif TC",serif;font-weight:600;color:#fff;font-size:.8125rem;line-height:24px}@media (min-width:63.9375rem){ html[lang=zh-hant] .footer__signUp__subCopy{font-size:.8125rem;line-height:24px}.footer__category__name[_ngcontent-sc27]{font-size:1.125rem;letter-spacing:.03125rem;line-height:1.11}}.footer__signUp[_ngcontent-sc27] + .footer__nav[_ngcontent-sc27]{padding-top:3.5rem}.footer__nav[_ngcontent-sc27]{padding:0}.footer__category[_ngcontent-sc27]{padding:0;margin:0;list-style:none}.footer__category[_ngcontent-sc27]::after{clear:both;content:"";display:block}.footer__category[_ngcontent-sc27] > li[_ngcontent-sc27]{z-index:1}.footer__category__name[_ngcontent-sc27]{font-family:Knockout-HTF48-Featherweight,sans-serif;font-style:normal;font-weight:400;text-transform:uppercase;color:#fff;font-size:1.125rem;letter-spacing:.03125rem;line-height:1.11;position:relative;z-index:1;margin:0 0 1.25rem}@media (min-width:47.75rem){ html[lang=zh-hans] .footer__signUp__subCopy{font-size:.8125rem;line-height:24px} html[lang=zh-hant] .footer__signUp__subCopy{font-size:.8125rem;line-height:24px}.footer__category__name[_ngcontent-sc27]{font-size:1.125rem;letter-spacing:.03125rem;line-height:1.11} html[lang=ja] .footer__category__name{font-size:.875rem;letter-spacing:.0125rem;line-height:1}} html[lang=ja] .footer__category__name{font-family:"Noto Sans JP",sans-serif;font-weight:600;text-transform:uppercase;color:#fff;font-size:.875rem;letter-spacing:.0125rem;line-height:1}@media (min-width:63.9375rem){ html[lang=ja] .footer__category__name{font-size:.875rem;letter-spacing:.0125rem;line-height:1} html[lang=zh-hans] .footer__category__name{font-size:1rem;line-height:28px}} html[lang=zh-hans] .footer__category__name{font-family:"Noto Sans SC",sans-serif;font-weight:700;text-transform:uppercase;color:#fff;font-size:1rem;line-height:28px} html[lang=zh-hant] .footer__category__name{font-family:"Noto Sans TC",sans-serif;font-weight:700;text-transform:uppercase;color:#fff;font-size:1rem;line-height:28px}@media (min-width:47.75rem){ html[lang=zh-hans] .footer__category__name{font-size:1rem;line-height:28px} html[lang=zh-hant] .footer__category__name{font-size:1rem;line-height:28px}}@media (min-width:63.9375rem){ html[lang=zh-hant] .footer__category__name{font-size:1rem;line-height:28px}}.footer__category__links[_ngcontent-sc27]{margin:0 0 2.3125rem;padding:0;list-style:none;position:relative;z-index:1}.footer__category__links[_ngcontent-sc27] > li[_ngcontent-sc27]{margin-bottom:.875rem}.footer__category__links[_ngcontent-sc27] a{font-family:Baskerville10Pro,serif;font-style:normal;font-weight:400;text-transform:none;color:#fff;font-size:1rem;line-height:1.2;text-decoration:none;z-index:1} html[lang=ja] .footer__category__links a{font-family:"Noto Sans JP",sans-serif;font-style:normal;color:#fff;font-size:.8125rem;line-height:1.5;text-align:justify}@media (min-width:47.75rem){.footer__category__links[_ngcontent-sc27] a{font-size:1rem;line-height:1.5} html[lang=ja] .footer__category__links a{font-size:.8125rem;line-height:1.5;text-align:justify}}@media (min-width:63.9375rem){.footer__category__links[_ngcontent-sc27] a{font-size:1rem;line-height:1.5} html[lang=ja] .footer__category__links a{font-size:.8125rem;line-height:1.5;text-align:justify} html[lang=zh-hans] .footer__category__links a{font-size:.8125rem;line-height:24px}} html[lang=zh-hans] .footer__category__links a{font-family:"Noto Serif SC",serif;font-weight:600;color:#fff;font-size:.8125rem;line-height:24px} html[lang=zh-hant] .footer__category__links a{font-family:"Noto Serif TC",serif;font-weight:600;color:#fff;font-size:.8125rem;line-height:24px}.footer__category__links[_ngcontent-sc27] h4[_ngcontent-sc27]{margin:0}.footer__brand[_ngcontent-sc27]{display:flex;flex-wrap:wrap}.footer__brand__link[_ngcontent-sc27]{display:inline-flex;margin:0 auto 3rem 0;z-index:1}.footer__brand__link[_ngcontent-sc27] img[_ngcontent-sc27]{height:100%}.footer__terms[_ngcontent-sc27]{margin:0 0 1.25rem;padding:0;list-style:none;display:inline-flex;flex-grow:1;flex-basis:100%;flex-wrap:wrap}.footer__terms[_ngcontent-sc27] li[_ngcontent-sc27]{margin-right:1.25rem}.footer__brand[_ngcontent-sc27], .footer__terms[_ngcontent-sc27] a{font-size:.75rem;line-height:1.67;color:#a8b3c0}.footer__copyright[_ngcontent-sc27]{flex-grow:1;flex-basis:100%;margin:0}.footer__socials[_ngcontent-sc27]{margin:0 0 3rem;padding:0;list-style:none;display:inline-flex;z-index:1}.footer__socials[_ngcontent-sc27] li[_ngcontent-sc27]:not(:first-child){margin-left:.375rem}.footer__socials[_ngcontent-sc27] .social-icons.social-icons--dark a:not(:first-child){margin-left:.5rem}.footer[_ngcontent-sc27] .breaker[_ngcontent-sc27]{margin-top:3.4375rem;background-color:rgba(255,255,255,.2);height:.0625rem;width:100%}.footer[_ngcontent-sc27] .ascent[_ngcontent-sc27]{display:block;position:absolute;right:0;bottom:0;width:100%;pointer-events:none}.footer__bottom-section[_ngcontent-sc27]{padding-top:.75rem}.footer__disclaimer-content[_ngcontent-sc27]{border-top:.0625rem solid rgba(255,255,255,.2);margin-top:3.4375rem}.footer__disclaimer-item[_ngcontent-sc27]{font-family:Baskerville10Pro,serif;font-style:normal;font-weight:400;text-transform:none;color:#fff;font-size:.6875rem;line-height:1.45} html[lang=ja] .footer__disclaimer-item{font-family:"Noto Sans JP",sans-serif;color:#fff} html[lang=zh-hans] .footer__disclaimer-item{font-family:"Noto Serif SC",serif;font-weight:600;color:#fff;font-size:.5625rem;line-height:16px} html[lang=zh-hant] .footer__disclaimer-item{font-family:"Noto Serif TC",serif;font-weight:600;color:#fff;font-size:.5625rem;line-height:16px}@media (min-width:63.9375rem){ html[lang=zh-hant] .footer__category__links a{font-size:.8125rem;line-height:24px}.footer__disclaimer-item[_ngcontent-sc27]{font-size:.6875rem;line-height:1.45} html[lang=zh-hans] .footer__disclaimer-item{font-size:.5625rem;line-height:16px} html[lang=zh-hant] .footer__disclaimer-item{font-size:.5625rem;line-height:16px}} [lang=ja] .footer__disclaimer-item{font-size:1rem}.footer__disclaimer-item--legal-text[_ngcontent-sc27]{color:#a8b3c0}.footer__disclaimer-item[_ngcontent-sc27] a{display:inline;padding:.3125rem 0 .0625rem;background-color:rgba(255,255,255,0);color:inherit;text-decoration:underline;text-decoration-color:#e3b449;text-decoration-line:underline;text-underline-position:under;transition:.25s cubic-bezier(.25,.75,.58,.1)}.footer__disclaimer-item[_ngcontent-sc27] a:visited{text-decoration-color:#002247}.footer__disclaimer-item[_ngcontent-sc27] a:hover{background-color:#e3b449;text-decoration-color:#e3b449;color:#fff}.footer__disclaimer-item[_ngcontent-sc27] a:focus{background-color:#002247;text-decoration-color:#002247;color:#fff}.footer__disclaimer-item[_ngcontent-sc27] h1, .footer__disclaimer-item[_ngcontent-sc27] h2, .footer__disclaimer-item[_ngcontent-sc27] h3, .footer__disclaimer-item[_ngcontent-sc27] h4, .footer__disclaimer-item[_ngcontent-sc27] h5, .footer__disclaimer-item[_ngcontent-sc27] h6, .footer__disclaimer-item[_ngcontent-sc27] p{margin:1.25rem 0 0}.footer[_ngcontent-sc27] .disclaimer__footer[_ngcontent-sc27]{margin-left:-50vw;margin-right:-50vw;padding-left:50vw;padding-right:50vw;background-color:#a8b3c0;height:100%;padding-bottom:3.375rem}.footer[_ngcontent-sc27] .disclaimer__footer[_ngcontent-sc27] .footer__terms[_ngcontent-sc27]{flex-basis:50%;flex-grow:0;margin-bottom:0}.footer[_ngcontent-sc27] .disclaimer__footer[_ngcontent-sc27] .footer__terms[_ngcontent-sc27] li[_ngcontent-sc27]{margin-right:1.75rem}.footer[_ngcontent-sc27] .disclaimer__footer[_ngcontent-sc27] .footer__terms[_ngcontent-sc27] a{border-bottom:1px solid #000;color:#000}.footer[_ngcontent-sc27] .disclaimer__footer[_ngcontent-sc27] .footer__terms[_ngcontent-sc27] a:hover{background-color:#fff;border-bottom:none}.footer[_ngcontent-sc27] .disclaimer__footer[_ngcontent-sc27] .footer__disclaimer-item[_ngcontent-sc27] a{border-bottom:1px solid #000;text-decoration-color:none;text-decoration:none}.footer[_ngcontent-sc27] .disclaimer__footer[_ngcontent-sc27] .footer__disclaimer-item[_ngcontent-sc27] a:hover{background-color:#fff;border-bottom:none;color:#000}.footer[_ngcontent-sc27] .legacy__footer__logo[_ngcontent-sc27]{height:3.125rem}.new-footer[_ngcontent-sc27]{padding-bottom:0}.new-footer[_ngcontent-sc27] .footer__terms[_ngcontent-sc27]{margin-left:0}.new-footer[_ngcontent-sc27] .footer__terms[_ngcontent-sc27] li[_ngcontent-sc27]{margin-right:0;color:#000}.new-footer[_ngcontent-sc27] .footer__terms[_ngcontent-sc27] li[_ngcontent-sc27]:after{content:"|";padding:0 .5em;color:#000}.new-footer[_ngcontent-sc27] .footer__terms[_ngcontent-sc27] li[_ngcontent-sc27]:last-child:after{content:''}.new-footer[_ngcontent-sc27] .footer__brand[_ngcontent-sc27], .new-footer[_ngcontent-sc27] .footer__terms[_ngcontent-sc27] a{color:#000}.new-footer[_ngcontent-sc27] .footer__disclaimer-item--legal-text[_ngcontent-sc27]{color:#000!important}@media (min-width:47.75rem){ html[lang=zh-hans] .footer__category__links a{font-size:.8125rem;line-height:24px} html[lang=zh-hant] .footer__category__links a{font-size:.8125rem;line-height:24px}.footer__disclaimer-item[_ngcontent-sc27]{font-size:.6875rem;line-height:1.45} html[lang=zh-hans] .footer__disclaimer-item{font-size:.5625rem;line-height:16px} html[lang=zh-hant] .footer__disclaimer-item{font-size:.5625rem;line-height:16px}.legacy__footer__logo[_ngcontent-sc27], .legacy__footer__social[_ngcontent-sc27]{width:49%}.footer__socials[_ngcontent-sc27]{justify-content:flex-end;margin:0}}@media screen and (min-width:0) and (max-width:47.6875rem){.legacy__footer__logo[_ngcontent-sc27], .legacy__footer__social[_ngcontent-sc27]{width:100%;margin:0}.footer__socials[_ngcontent-sc27]{margin:0}.legacy__footer__logo[_ngcontent-sc27] img[_ngcontent-sc27]{max-width:100%;max-height:100%;display:block}.legacy__footer__social[_ngcontent-sc27]{justify-content:flex-start!important}.new-footer[_ngcontent-sc27] .footer__terms[_ngcontent-sc27] li[_ngcontent-sc27]{margin-right:0!important}}@media screen and (max-width:47.6875rem){.footer__signUp__title[_ngcontent-sc27]{font-size:2.25rem;line-height:1}.footer__signUp__container[_ngcontent-sc27] + .footer__signUp__cta[_ngcontent-sc27]{margin-top:2rem;display:block}.footer__brand__link[_ngcontent-sc27], .footer__socials[_ngcontent-sc27]{margin-bottom:.625rem}}@media (min-width:47.75rem){.footer[_ngcontent-sc27]{padding:3.375rem 0 2.875rem}.footer__signUp[_ngcontent-sc27]{display:flex;flex-wrap:wrap;align-items:center}.footer__signUp__container[_ngcontent-sc27]{flex-basis:66%}.footer__signUp__title[_ngcontent-sc27] + .footer__signUp__subCopy[_ngcontent-sc27]{margin-top:.5625rem;float:left}.footer__signUp__cta[_ngcontent-sc27]{margin-left:auto;align-self:center}.footer__category[_ngcontent-sc27]{display:flex;flex-wrap:wrap}.footer__category[_ngcontent-sc27] > li[_ngcontent-sc27]{width:calc(33.33333% - 2.5rem);float:left;margin-left:0}.footer__category[_ngcontent-sc27] > li[_ngcontent-sc27]:nth-child(3n+2), .footer__category[_ngcontent-sc27] > li[_ngcontent-sc27]:nth-child(3n+3){margin-left:2.5rem}.footer__brand__link[_ngcontent-sc27]{flex-basis:66%;margin-bottom:2.5rem}.footer__socials[_ngcontent-sc27]{flex-basis:34%;margin-bottom:2.5rem}.footer__terms[_ngcontent-sc27]{flex-basis:50%;flex-grow:0;margin-bottom:0}.footer__terms[_ngcontent-sc27] li[_ngcontent-sc27]{margin-right:1.75rem}.footer__brand[_ngcontent-sc27], .footer__terms[_ngcontent-sc27] a[_ngcontent-sc27]{font-size:.8125rem;line-height:1.54}.footer__copyright[_ngcontent-sc27]{flex-basis:50%;flex-grow:0;text-align:right}.footer__bottom-section[_ngcontent-sc27]{padding-top:1.1875rem}.footer[_ngcontent-sc27] .disclaimer__footer[_ngcontent-sc27]{padding-bottom:2.875rem}.new-footer[_ngcontent-sc27]{padding-bottom:0}.new-footer[_ngcontent-sc27] .footer__terms[_ngcontent-sc27]{margin-bottom:0}.new-footer[_ngcontent-sc27] .footer__terms[_ngcontent-sc27] li[_ngcontent-sc27]{margin-right:.0625rem!important}.new-footer[_ngcontent-sc27] .footer__terms[_ngcontent-sc27] li[_ngcontent-sc27]:after{content:"|";padding:0 .5em;color:#000}.new-footer[_ngcontent-sc27] .footer__terms[_ngcontent-sc27] li[_ngcontent-sc27]:last-child:after{content:''}.new-footer[_ngcontent-sc27] .footer__terms[_ngcontent-sc27] a{color:#000}}@media (min-width:63.9375rem){.footer[_ngcontent-sc27]{padding:4.6875rem 0 3.375rem}.footer__category[_ngcontent-sc27] > li[_ngcontent-sc27]{width:calc((100% / 5) - 2rem);margin-left:2.5rem}.footer__category[_ngcontent-sc27] > li[_ngcontent-sc27]:nth-child(5n+1){margin-left:0}.footer__brand[_ngcontent-sc27]{align-items:center}.footer__brand__link[_ngcontent-sc27]{flex-basis:auto;order:1;margin-right:0;margin-bottom:0}.footer__socials[_ngcontent-sc27]{order:4;margin-bottom:0;margin-left:.875rem} [lang=ja] .footer__socials{order:3;flex-basis:100%;justify-content:flex-start;margin-left:0;margin-top:1.875rem}.footer__terms[_ngcontent-sc27]{flex-basis:auto;order:2;margin-left:1.25rem}.footer__terms[_ngcontent-sc27] li[_ngcontent-sc27]{margin-right:1.25rem}.footer__copyright[_ngcontent-sc27]{flex-basis:auto;order:3;margin-left:auto} [lang=ja] .footer__copyright{flex-basis:100%;margin-right:0;margin-left:0;margin-top:1.875rem;text-align:left}.footer[_ngcontent-sc27] .gold[_ngcontent-sc27]{color:#e3b449}.footer[_ngcontent-sc27] .ascent[_ngcontent-sc27]{max-width:50rem;width:40%}.footer__bottom-section[_ngcontent-sc27]{padding-top:1.875rem}.footer[_ngcontent-sc27] .disclaimer__footer[_ngcontent-sc27]{padding-bottom:2.875rem}.new-footer[_ngcontent-sc27]{padding-bottom:0}.new-footer[_ngcontent-sc27] .footer__terms[_ngcontent-sc27]{margin-left:0}.new-footer[_ngcontent-sc27] .footer__terms[_ngcontent-sc27] li[_ngcontent-sc27]{margin-right:1.25rem}}@media only screen and (max-width:500px){.footer[_ngcontent-sc27]{padding-bottom:60px}.footer__brand__link[_ngcontent-sc27]{align-items:center}.footer__brand__link[_ngcontent-sc27] img[_ngcontent-sc27]{height:70%}.footer[_ngcontent-sc27] .disclaimer__footer[_ngcontent-sc27]{padding-bottom:3.75rem}.new-footer[_ngcontent-sc27]{padding-bottom:0}}.footer__brand[_ngcontent-sc27]{display:flex;justify-content:space-between;align-items:flex-start}.footer__brand__link[_ngcontent-sc27]{display:flex;flex-direction:column;justify-content:center;margin-bottom:.625rem}.mainLogo[_ngcontent-sc27]{max-height:2rem}.centerLogo[_ngcontent-sc27]{margin-bottom:.625rem}@media (min-width:63.9375rem){.footer__brand[_ngcontent-sc27]{flex-wrap:nowrap}}@media (min-width:47.75rem){.legacy__branding[_ngcontent-sc27] .footer__brand__link[_ngcontent-sc27], .legacy__branding[_ngcontent-sc27] .footer__copyright[_ngcontent-sc27], .legacy__branding[_ngcontent-sc27] .footer__terms[_ngcontent-sc27]{margin-top:9px}.mainLogo[_ngcontent-sc27]{margin-bottom:15px}.legacyFooterSocial[_ngcontent-sc27]{justify-content:flex-end;flex-basis:auto}.centerLogo[_ngcontent-sc27] img[_ngcontent-sc27]{width:233px;height:17px}}@media screen and (min-width:47.75rem) and (max-width:63.875rem){.legacy__footer__logo[_ngcontent-sc27], .legacy__footer__social[_ngcontent-sc27]{width:100%}.legacy__footer__logo[_ngcontent-sc27] img[_ngcontent-sc27]{max-width:100%;max-height:100%;display:block}.mainLogo[_ngcontent-sc27]{margin-bottom:13px}.centerLogo[_ngcontent-sc27] img[_ngcontent-sc27]{width:200px;height:14px}}@media screen and (min-width:0) and (max-width:47.6875rem){.mainLogo[_ngcontent-sc27]{margin-bottom:10px}.centerLogo[_ngcontent-sc27] img[_ngcontent-sc27]{width:158px;height:11px}}</style><style ng-transition="serverApp">.social_icons[_ngcontent-sc28]{display:inline-flex}.social_icons--link[_ngcontent-sc28]{overflow:hidden;position:relative;display:block;width:2.25rem;height:2.25rem;border:1px solid #ced5db;border-radius:100%;background-color:rgba(255,255,255,0);box-shadow:0 0 0 0 rgba(255,255,255,0);transition:.25s cubic-bezier(.25,.75,.58,.1);transition-property:background,border-color;margin-right:.5rem}.social_icons--link[_ngcontent-sc28]:not(:first-child){margin-left:.5rem}.social_icons--link[_ngcontent-sc28]:hover{background-color:#ebc768;border-color:#ebc768}.social_icons--link[_ngcontent-sc28]:focus{background-color:#ebc768;border-color:#ebc768;box-shadow:0 .125rem .5rem 0 rgba(227,180,73,.5)}.social_icons--link[_ngcontent-sc28]:focus .icon{fill:#002247}.social_icons--link[_ngcontent-sc28] span[_ngcontent-sc28]{display:block;width:100%;height:100%;opacity:0}.social_icons--link[_ngcontent-sc28] .icon{position:absolute;top:50%;left:50%;width:.75rem;height:.75rem;transform:translate(-50%,-50%);transition:fill .25s cubic-bezier(.25,.75,.58,.1);fill:#002247}.social_icons--link[_ngcontent-sc28] .icon svg{position:absolute;top:50%;height:.75rem;transform:translateY(-50%)}.social_icons--dark[_ngcontent-sc28] a[_ngcontent-sc28]{border-color:rgba(255,255,255,.2)}.social_icons--dark[_ngcontent-sc28] a[_ngcontent-sc28] .icon{fill:#fff}.social_icons--dark[_ngcontent-sc28] a[_ngcontent-sc28]:focus, .social_icons--dark[_ngcontent-sc28] a[_ngcontent-sc28]:hover{background-color:#ebc768}.social_icons--dark[_ngcontent-sc28] a[_ngcontent-sc28]:focus .icon .svg--fill, .social_icons--dark[_ngcontent-sc28] a[_ngcontent-sc28]:hover .icon .svg--fill{fill:#002247}.social_icons--icon[_ngcontent-sc28]{pointer-events:none}</style><meta name="title" property="og:title" content="PGIM: Global Asset Management"><meta name="twitter:title" content="PGIM: Global Asset Management"><meta name="description" property="og:description" content="PGIM is the global asset management business of Prudential Financial, Inc. delivering long-term outperformance."><meta name="twitter:description" content="PGIM is the global asset management business of Prudential Financial, Inc. delivering long-term outperformance."><meta name="type" content="website"><meta name="image" property="og:image" content=""><meta name="twitter:image" content=""><meta name="og:url" content="http://www.pgim.com/"><style ng-transition="serverApp">.page-render_hub--preview-grid[_nghost-sc12] ui-hero-landing::after, .page-render_hub--preview-grid[_nghost-sc12] ui-hero-microsite::after{content:'';position:absolute;bottom:0;left:0;width:100%;height:7.5rem;background-image:linear-gradient(to bottom,rgba(0,34,71,0),#002247);z-index:0;pointer-events:none}.page-render_hub--preview-grid[_nghost-sc12] ui-hero-landing~.desktop-white-bar, .page-render_hub--preview-grid[_nghost-sc12] ui-hero-microsite~.desktop-white-bar{display:none}.page-render_hub--preview-grid[_nghost-sc12] ui-hero-landing~.page_hub--content pgim-module-renderer.module--preview-grid, .page-render_hub--preview-grid[_nghost-sc12] ui-hero-microsite~.page_hub--content pgim-module-renderer.module--preview-grid{position:relative;display:block;z-index:3}.page-render_hub--preview-grid[_nghost-sc12] ui-hero-landing~.page_hub--content pgim-module-renderer.module--preview-grid ui-preview-grid, .page-render_hub--preview-grid[_nghost-sc12] ui-hero-microsite~.page_hub--content pgim-module-renderer.module--preview-grid ui-preview-grid{border-top:0;margin-top:0}.desktop-white-bar[_ngcontent-sc12]{display:none}.no-hero-title[_ngcontent-sc12]{margin-top:6rem}.page_hub[_ngcontent-sc12] > [_ngcontent-sc12]:not(ui-hero):not(.desktop-white-bar){position:relative;background-color:#fff;backface-visibility:hidden}.page_hub--content[_ngcontent-sc12]{background-color:#fff;position:relative}.page_hub--content[_ngcontent-sc12] pgim-blog-subscribe .blog-subscribe--blue .blog-subscribe-button{background:no-repeat padding-box #002247}.page_hub--content[_ngcontent-sc12] pgim-blog-subscribe .blog-subscribe--blue .blog-subscribe-button:active, .page_hub--content[_ngcontent-sc12] pgim-blog-subscribe .blog-subscribe--blue .blog-subscribe-button:focus, .page_hub--content[_ngcontent-sc12] pgim-blog-subscribe .blog-subscribe--blue .blog-subscribe-button:hover{background:0 99%/100% .375rem no-repeat padding-box #fff;background-image:linear-gradient(#f86400,#e3b449)}.page_hub--content[_ngcontent-sc12] pgim-blog-subscribe .blog-subscribe--blue .blog-subscribe-button__text{color:#fff}.page_hub--content[_ngcontent-sc12] pgim-blog-subscribe .blog-subscribe--blue .blog-subscribe-button__close{color:#002247}@media (min-width:63.9375rem){.page-render_hub--preview-grid[_nghost-sc12] ui-hero-landing::after, .page-render_hub--preview-grid[_nghost-sc12] ui-hero-microsite::after{bottom:10rem}.page-render_hub--preview-grid[_nghost-sc12] ui-hero-landing~.page_hub--content pgim-module-renderer.module--preview-grid, .page-render_hub--preview-grid[_nghost-sc12] ui-hero-microsite~.page_hub--content pgim-module-renderer.module--preview-grid{margin-top:-10rem}.page-render_hub--multi-select[_nghost-sc12] .desktop-white-bar[_ngcontent-sc12]{margin-bottom:0;background-color:transparent}.page-render_hub--multi-select[_nghost-sc12] .page_hub--content[_ngcontent-sc12] pgim-module-renderer .filterable_results{border-top:0}.desktop-white-bar[_ngcontent-sc12]{overflow:hidden;pointer-events:none;position:relative;display:block;margin-top:-5rem;margin-bottom:-5rem;background-color:#fff}.desktop-white-bar[_ngcontent-sc12] .layout--main{height:5rem;position:relative;background-color:#fff}.desktop-white-bar[_ngcontent-sc12] .layout--main::after, .desktop-white-bar[_ngcontent-sc12] .layout--main::before{content:'';position:absolute;top:0;display:block;width:3.75rem;height:100%;background-color:#fff}.desktop-white-bar[_ngcontent-sc12] .layout--main::before{left:100%}.desktop-white-bar[_ngcontent-sc12] .layout--main::after{right:100%}.page_hub--hero.page_hub--hero--non_article[_ngcontent-sc12] ~ .page_hub--content[_ngcontent-sc12] pgim-module-renderer.module--multi-select{border-top:5rem solid #fff}}</style><style ng-transition="serverApp">.mru[_ngcontent-sc37]{font-family:Baskerville10Pro,serif;font-style:normal;font-weight:400;text-transform:none;font-size:1rem;line-height:1.5;color:#394047;margin:0 0 -1rem;padding:1.25rem 0 .1rem;position:relative;background-color:#fff} html[lang=ja] .mru{font-family:"Noto Sans JP",sans-serif;font-style:normal;font-size:.8125rem;line-height:1.5;text-align:justify}@media (min-width:47.75rem){.mru[_ngcontent-sc37]{font-size:1rem;line-height:1.5} html[lang=ja] .mru{font-size:.8125rem;line-height:1.5;text-align:justify}}@media (min-width:63.9375rem){.mru[_ngcontent-sc37]{font-size:1rem;line-height:1.5} html[lang=ja] .mru{font-size:.8125rem;line-height:1.5;text-align:justify} html[lang=zh-hans] .mru{font-size:.8125rem;line-height:24px}} html[lang=zh-hans] .mru{font-family:"Noto Serif SC",serif;font-weight:600;font-size:.8125rem;line-height:24px} html[lang=zh-hant] .mru{font-family:"Noto Serif TC",serif;font-weight:600;font-size:.8125rem;line-height:24px}@media (min-width:47.75rem){ html[lang=zh-hans] .mru{font-size:.8125rem;line-height:24px} html[lang=zh-hant] .mru{font-size:.8125rem;line-height:24px}}@media (min-width:63.9375rem){ html[lang=zh-hant] .mru{font-size:.8125rem;line-height:24px}}</style><style ng-transition="serverApp">[_nghost-sc9]{display:block}[_nghost-sc9] .module--inline-search[_ngcontent-sc9]{position:relative;z-index:4!important}[_nghost-sc9] .module--text-and-card[_ngcontent-sc9], [_nghost-sc9] .module--text-and-card-no-image[_ngcontent-sc9]{pointer-events:none}[_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card--content, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card-no-image--content, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card--content, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card-no-image--content{margin-left:.95rem;width:100%}[_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card--content .text-and-card-no-image__content, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card--content .text-and-card__content, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card-no-image--content .text-and-card-no-image__content, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card-no-image--content .text-and-card__content, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card--content .text-and-card-no-image__content, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card--content .text-and-card__content, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card-no-image--content .text-and-card-no-image__content, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card-no-image--content .text-and-card__content{max-width:calc(100% - 2.125rem);margin:0 auto}[_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card--content .text-and-card-no-image__content::after, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card--content .text-and-card__content::after, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card-no-image--content .text-and-card-no-image__content::after, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card-no-image--content .text-and-card__content::after, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card--content .text-and-card-no-image__content::after, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card--content .text-and-card__content::after, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card-no-image--content .text-and-card-no-image__content::after, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card-no-image--content .text-and-card__content::after{clear:both;content:"";display:block}[_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card--content .text-and-card-no-image__wrap, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card--content .text-and-card__wrap, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card-no-image--content .text-and-card-no-image__wrap, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card-no-image--content .text-and-card__wrap, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card--content .text-and-card-no-image__wrap, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card--content .text-and-card__wrap, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card-no-image--content .text-and-card-no-image__wrap, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card-no-image--content .text-and-card__wrap{width:calc(100% - 1rem);float:left;margin-left:.5rem}[_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card--content .text-and-card-no-image__wrap p, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card--content .text-and-card__wrap p, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card-no-image--content .text-and-card-no-image__wrap p, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card-no-image--content .text-and-card__wrap p, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card--content .text-and-card-no-image__wrap p, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card--content .text-and-card__wrap p, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card-no-image--content .text-and-card-no-image__wrap p, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card-no-image--content .text-and-card__wrap p{font-family:Baskerville10Pro,serif;font-style:italic;font-weight:400;text-transform:none;color:#5e7287;font-size:1rem;line-height:1.5;width:100%;margin:0 0 3.75rem} html[lang=ja] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card--content .text-and-card-no-image__wrap p, html[lang=ja] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card--content .text-and-card__wrap p, html[lang=ja] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card-no-image--content .text-and-card-no-image__wrap p, html[lang=ja] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card-no-image--content .text-and-card__wrap p, html[lang=ja] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card--content .text-and-card-no-image__wrap p, html[lang=ja] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card--content .text-and-card__wrap p, html[lang=ja] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card-no-image--content .text-and-card-no-image__wrap p, html[lang=ja] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card-no-image--content .text-and-card__wrap p{font-family:"Noto Sans JP",sans-serif;font-style:italic;color:#5e7287;font-size:.8125rem;line-height:1.5;text-align:justify}@media (min-width:47.75rem){[_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card--content .text-and-card-no-image__wrap p, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card--content .text-and-card__wrap p, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card-no-image--content .text-and-card-no-image__wrap p, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card-no-image--content .text-and-card__wrap p, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card--content .text-and-card-no-image__wrap p, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card--content .text-and-card__wrap p, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card-no-image--content .text-and-card-no-image__wrap p, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card-no-image--content .text-and-card__wrap p{font-size:1rem;line-height:1.5} html[lang=ja] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card--content .text-and-card-no-image__wrap p, html[lang=ja] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card--content .text-and-card__wrap p, html[lang=ja] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card-no-image--content .text-and-card-no-image__wrap p, html[lang=ja] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card-no-image--content .text-and-card__wrap p, html[lang=ja] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card--content .text-and-card-no-image__wrap p, html[lang=ja] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card--content .text-and-card__wrap p, html[lang=ja] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card-no-image--content .text-and-card-no-image__wrap p, html[lang=ja] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card-no-image--content .text-and-card__wrap p{font-size:.8125rem;line-height:1.5;text-align:justify}}@media (min-width:63.9375rem){[_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card--content .text-and-card-no-image__wrap p, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card--content .text-and-card__wrap p, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card-no-image--content .text-and-card-no-image__wrap p, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card-no-image--content .text-and-card__wrap p, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card--content .text-and-card-no-image__wrap p, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card--content .text-and-card__wrap p, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card-no-image--content .text-and-card-no-image__wrap p, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card-no-image--content .text-and-card__wrap p{font-size:1rem;line-height:1.5} html[lang=ja] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card--content .text-and-card-no-image__wrap p, html[lang=ja] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card--content .text-and-card__wrap p, html[lang=ja] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card-no-image--content .text-and-card-no-image__wrap p, html[lang=ja] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card-no-image--content .text-and-card__wrap p, html[lang=ja] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card--content .text-and-card-no-image__wrap p, html[lang=ja] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card--content .text-and-card__wrap p, html[lang=ja] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card-no-image--content .text-and-card-no-image__wrap p, html[lang=ja] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card-no-image--content .text-and-card__wrap p{font-size:.8125rem;line-height:1.5;text-align:justify} html[lang=zh-hans] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card--content .text-and-card-no-image__wrap p, html[lang=zh-hans] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card--content .text-and-card__wrap p, html[lang=zh-hans] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card-no-image--content .text-and-card-no-image__wrap p, html[lang=zh-hans] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card-no-image--content .text-and-card__wrap p, html[lang=zh-hans] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card--content .text-and-card-no-image__wrap p, html[lang=zh-hans] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card--content .text-and-card__wrap p, html[lang=zh-hans] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card-no-image--content .text-and-card-no-image__wrap p, html[lang=zh-hans] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card-no-image--content .text-and-card__wrap p{font-size:.8125rem;line-height:24px}} html[lang=zh-hans] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card--content .text-and-card-no-image__wrap p, html[lang=zh-hans] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card--content .text-and-card__wrap p, html[lang=zh-hans] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card-no-image--content .text-and-card-no-image__wrap p, html[lang=zh-hans] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card-no-image--content .text-and-card__wrap p, html[lang=zh-hans] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card--content .text-and-card-no-image__wrap p, html[lang=zh-hans] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card--content .text-and-card__wrap p, html[lang=zh-hans] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card-no-image--content .text-and-card-no-image__wrap p, html[lang=zh-hans] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card-no-image--content .text-and-card__wrap p{font-family:"Noto Serif SC",serif;font-style:italic;font-weight:600;color:#5e7287;font-size:.8125rem;line-height:24px} html[lang=zh-hant] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card--content .text-and-card-no-image__wrap p, html[lang=zh-hant] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card--content .text-and-card__wrap p, html[lang=zh-hant] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card-no-image--content .text-and-card-no-image__wrap p, html[lang=zh-hant] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card-no-image--content .text-and-card__wrap p, html[lang=zh-hant] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card--content .text-and-card-no-image__wrap p, html[lang=zh-hant] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card--content .text-and-card__wrap p, html[lang=zh-hant] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card-no-image--content .text-and-card-no-image__wrap p, html[lang=zh-hant] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card-no-image--content .text-and-card__wrap p{font-family:"Noto Serif TC",serif;font-style:italic;font-weight:600;color:#5e7287;font-size:.8125rem;line-height:24px}[_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card--content .text-and-card-no-image__description, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card-no-image--content .text-and-card-no-image__description, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card--content .text-and-card-no-image__description, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card-no-image--content .text-and-card-no-image__description{margin-bottom:0!important}[_nghost-sc9] .module--newsletter[_ngcontent-sc9], [_nghost-sc9] .module--testimonial[_ngcontent-sc9]{z-index:4!important}[_nghost-sc9] .module[_ngcontent-sc9]:not(.module--body-text):not(.module--inline-image):not(.module--inline-video):not(.module--highcharts):not(.module--multi-select) [_ngcontent-sc9]:not(.module--etf-mutual-fund-item){position:relative;z-index:2}@media screen and (max-width:63.875rem){[_nghost-sc9] .module--single-select[single-select-open=true][_ngcontent-sc9]{z-index:9999!important}}@media (min-width:47.75rem){ html[lang=zh-hans] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card--content .text-and-card-no-image__wrap p, html[lang=zh-hans] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card--content .text-and-card__wrap p, html[lang=zh-hans] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card-no-image--content .text-and-card-no-image__wrap p, html[lang=zh-hans] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card-no-image--content .text-and-card__wrap p, html[lang=zh-hans] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card--content .text-and-card-no-image__wrap p, html[lang=zh-hans] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card--content .text-and-card__wrap p, html[lang=zh-hans] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card-no-image--content .text-and-card-no-image__wrap p, html[lang=zh-hans] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card-no-image--content .text-and-card__wrap p{font-size:.8125rem;line-height:24px} html[lang=zh-hant] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card--content .text-and-card-no-image__wrap p, html[lang=zh-hant] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card--content .text-and-card__wrap p, html[lang=zh-hant] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card-no-image--content .text-and-card-no-image__wrap p, html[lang=zh-hant] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card-no-image--content .text-and-card__wrap p, html[lang=zh-hant] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card--content .text-and-card-no-image__wrap p, html[lang=zh-hant] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card--content .text-and-card__wrap p, html[lang=zh-hant] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card-no-image--content .text-and-card-no-image__wrap p, html[lang=zh-hant] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card-no-image--content .text-and-card__wrap p{font-size:.8125rem;line-height:24px}[_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card-no-image__content, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card__content, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card-no-image__content, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card__content{max-width:calc(100% - 1.25rem)}[_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card-no-image__wrap, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card__wrap, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card-no-image__wrap, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card__wrap{width:calc(100% - 3.75rem);float:left;margin-left:1.875rem}}@media (min-width:63.9375rem){ html[lang=zh-hant] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card--content .text-and-card-no-image__wrap p, html[lang=zh-hant] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card--content .text-and-card__wrap p, html[lang=zh-hant] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card-no-image--content .text-and-card-no-image__wrap p, html[lang=zh-hant] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card .text-and-card-no-image--content .text-and-card__wrap p, html[lang=zh-hant] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card--content .text-and-card-no-image__wrap p, html[lang=zh-hant] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card--content .text-and-card__wrap p, html[lang=zh-hant] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card-no-image--content .text-and-card-no-image__wrap p, html[lang=zh-hant] -shadowcsshost-no-combinator .module--field_full_bleed ui-text-and-card-no-image .text-and-card-no-image--content .text-and-card__wrap p{font-size:.8125rem;line-height:24px}[_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] .text-and-card-no-image__wrap[_ngcontent-sc9], [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] .text-and-card__wrap[_ngcontent-sc9]{display:flex;justify-content:center;max-width:77.5rem;width:calc(100% - 5rem);float:left;margin-left:0}[_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card__content, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card__content{display:flex;justify-content:center;max-width:77.5rem}[_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card .text-and-card__wrap, [_nghost-sc9] .module--field_full_bleed[_ngcontent-sc9] ui-text-and-card-no-image .text-and-card__wrap{width:calc(100% - 5rem);float:left;margin-left:0}}</style><style ng-transition="serverApp">[_nghost-sc35]{display:block}.layout-three-col--main [_nghost-sc35]:first-child .body--top_spacing:first-child{border-top:none}[_nghost-sc35] .remove-top-margin{border-top:none}[_nghost-sc35] .three-up__card__manual .card--hub__deck, [_nghost-sc35] .three-up__card__manual .card--hub__title, [_nghost-sc35] .two_up--card__manual .card--hub__deck, [_nghost-sc35] .two_up--card__manual .card--hub__title{color:#fff}[_nghost-sc35] ui-text-and-card::after{clear:both;content:"";display:block}[_nghost-sc35] ui-text-and-card ui-single-contact-card .single-contact-card__link .link--text{border:0;clip:rect(0,0,0,0);height:1px;margin:-1px;overflow:hidden;padding:0;position:absolute;white-space:nowrap;width:1px}[_nghost-sc35] ui-text-and-card .text-and-card__link-name:after{content:':'}[_nghost-sc35] ui-text-and-card-no-image::after{clear:both;content:"";display:block}@media (min-width:47.75rem){[_nghost-sc35] .remove-top-margin{border-top:none}[_nghost-sc35] ui-text-and-card-no-image .text-and-card-no-image__cards::after{clear:both;content:"";display:block}[_nghost-sc35] ui-text-and-card-no-image .text-and-card-no-image__cards::before{float:left;margin-left:1.875rem;width:calc(100% - (1.875rem + 1.875rem))}}@media (min-width:63.9375rem){[_nghost-sc35] .remove-top-margin{border-top:none}[_nghost-sc35]:not([name=body-text]):not([name=inline-image]):not([name=inline-video]):not([name=highcharts]):not([name=text-and-card]):not([name=text-and-card-no-image]){position:relative;background-color:#fff}}</style><style ng-transition="serverApp">[_nghost-sc111]{display:block}[_nghost-sc111] [_ngcontent-sc111]:not(.no-spacing){border-top:3.75rem solid #fff}[_nghost-sc111] [_ngcontent-sc111]:not(.no-spacing) .wrapper{border-top:0!important}.ceros__wrapper[_ngcontent-sc111]{border-top:0!important}.ceros__title[_ngcontent-sc111]{font-family:Knockout-HTF48-Featherweight,sans-serif;font-style:normal;font-weight:400;text-transform:uppercase;color:#002247;font-size:2.25rem;line-height:1;margin:0 0 1.875rem;border-top:0!important} html[lang=ja] .ceros__title{font-family:"Noto Sans JP",sans-serif;font-weight:600;text-transform:uppercase;color:#002247;font-size:1.625rem;line-height:1.1;text-align:justify}@media (min-width:47.75rem){[_nghost-sc111] [_ngcontent-sc111]:not(.no-spacing){border-top:3.75rem solid #fff}.ceros__title[_ngcontent-sc111]{font-size:3rem;line-height:.92} html[lang=ja] .ceros__title{font-size:2rem;line-height:1.1;text-align:justify}}@media (min-width:63.9375rem){[_nghost-sc111] [_ngcontent-sc111]:not(.no-spacing){border-top:5rem solid #fff}.ceros__title[_ngcontent-sc111]{font-size:3.75rem;line-height:.75} html[lang=ja] .ceros__title{font-size:1.75rem;letter-spacing:-.05rem;line-height:1.1;text-align:justify}} html[lang=zh-hans] .ceros__title{font-family:"Noto Sans SC",sans-serif;font-weight:700;text-transform:uppercase;color:#002247;font-size:2.625rem;line-height:56px}@media (min-width:47.75rem){ html[lang=zh-hans] .ceros__title{font-size:3.3125rem;line-height:64px}}@media (min-width:63.9375rem){ html[lang=zh-hans] .ceros__title{font-size:3.75rem;line-height:72px}} html[lang=zh-hant] .ceros__title{font-family:"Noto Sans TC",sans-serif;font-weight:700;text-transform:uppercase;color:#002247;font-size:2.625rem;line-height:56px}@media (min-width:47.75rem){ html[lang=zh-hant] .ceros__title{font-size:3.3125rem;line-height:64px}}@media (min-width:63.9375rem){ html[lang=zh-hant] .ceros__title{font-size:3.75rem;line-height:72px}}.ceros__no-spacing-top[_ngcontent-sc111]{border-top:0!important}.ceros__no-spacing-left[_ngcontent-sc111] .layout--main{width:calc(100%)!important}</style><style ng-transition="serverApp">[_nghost-sc107]{border-top:3.75rem solid #fff;overflow:hidden;display:block;padding-top:3.75rem}@media (min-width:47.75rem){[_nghost-sc107]{border-top:3.75rem solid #fff}}@media (min-width:63.9375rem){[_nghost-sc107]{border-top:5rem solid #fff}}.three-quick-stats[_ngcontent-sc107]{position:relative;background-color:#002247;backface-visibility:hidden}.three-quick-stats__bg-white[_ngcontent-sc107]{background-color:#fff}.three-quick-stats__bg-white[_ngcontent-sc107] .arrow.arrow-white[_ngcontent-sc107]::before{bottom:27px;-moz-transform:rotate(-45deg);-webkit-transform:rotate(-45deg);width:16px;height:16px;background:#fff;border-width:0 0 1px 1px;border-color:#002247}.three-quick-stats[_ngcontent-sc107]::after{content:'';position:absolute;top:-3.75rem;left:0;right:0;width:.0625rem;height:7.5rem;margin:0 auto;background:#e3b449}.three-quick-stats__content[_ngcontent-sc107]{overflow:hidden;position:relative;padding:6.0625rem 0 3.75rem}.three-quick-stats__title[_ngcontent-sc107]{font-family:Knockout-HTF48-Featherweight,sans-serif;font-style:normal;font-weight:400;text-transform:uppercase;color:#fff;margin:0;text-align:center;font-size:2.25rem;line-height:2.25rem} html[lang=ja] .three-quick-stats__title{font-family:"Noto Sans JP",sans-serif;font-weight:600;text-transform:uppercase;color:#fff;font-size:1.625rem;line-height:1.1;text-align:justify}@media (min-width:47.75rem){.three-quick-stats__title[_ngcontent-sc107]{font-size:3rem;line-height:.92} html[lang=ja] .three-quick-stats__title{font-size:2rem;line-height:1.1;text-align:justify}}@media (min-width:63.9375rem){.three-quick-stats__title[_ngcontent-sc107]{font-size:3.75rem;line-height:.75} html[lang=ja] .three-quick-stats__title{font-size:1.75rem;letter-spacing:-.05rem;line-height:1.1;text-align:justify}} html[lang=zh-hans] .three-quick-stats__title{font-family:"Noto Sans SC",sans-serif;font-weight:700;text-transform:uppercase;color:#fff;font-size:2.625rem;line-height:56px}@media (min-width:47.75rem){ html[lang=zh-hans] .three-quick-stats__title{font-size:3.3125rem;line-height:64px}}@media (min-width:63.9375rem){ html[lang=zh-hans] .three-quick-stats__title{font-size:3.75rem;line-height:72px}} html[lang=zh-hant] .three-quick-stats__title{font-family:"Noto Sans TC",sans-serif;font-weight:700;text-transform:uppercase;color:#fff;font-size:2.625rem;line-height:56px}.three-quick-stats__title[_ngcontent-sc107] span, .three-quick-stats__title[_ngcontent-sc107] strong{font-weight:400;color:#e3b449}.three-quick-stats__title-white[_ngcontent-sc107]{font-family:Knockout-HTF48-Featherweight,sans-serif;font-style:normal;font-weight:400;text-transform:uppercase;color:#002247;font-size:2.25rem;line-height:1}@media (min-width:47.75rem){ html[lang=zh-hant] .three-quick-stats__title{font-size:3.3125rem;line-height:64px}.three-quick-stats__title-white[_ngcontent-sc107]{font-size:3rem;line-height:.92}}@media (min-width:63.9375rem){ html[lang=zh-hant] .three-quick-stats__title{font-size:3.75rem;line-height:72px}.three-quick-stats__title-white[_ngcontent-sc107]{font-size:3.75rem;line-height:.75}} html[lang=ja] .three-quick-stats__title-white{font-family:"Noto Sans JP",sans-serif;font-weight:600;text-transform:uppercase;color:#002247;font-size:1.625rem;line-height:1.1;text-align:justify}@media (min-width:47.75rem){ html[lang=ja] .three-quick-stats__title-white{font-size:2rem;line-height:1.1;text-align:justify}}@media (min-width:63.9375rem){ html[lang=ja] .three-quick-stats__title-white{font-size:1.75rem;letter-spacing:-.05rem;line-height:1.1;text-align:justify}} html[lang=zh-hans] .three-quick-stats__title-white{font-family:"Noto Sans SC",sans-serif;font-weight:700;text-transform:uppercase;color:#002247;font-size:2.625rem;line-height:56px}@media (min-width:47.75rem){ html[lang=zh-hans] .three-quick-stats__title-white{font-size:3.3125rem;line-height:64px}}@media (min-width:63.9375rem){ html[lang=zh-hans] .three-quick-stats__title-white{font-size:3.75rem;line-height:72px}} html[lang=zh-hant] .three-quick-stats__title-white{font-family:"Noto Sans TC",sans-serif;font-weight:700;text-transform:uppercase;color:#002247;font-size:2.625rem;line-height:56px}.three-quick-stats__list[_ngcontent-sc107]{margin:3.75rem auto 0;padding:0;list-style:none;width:calc(83.33333% - .91667rem + 1rem)}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]{position:relative;display:block;text-align:center}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:not(:first-child){margin-top:2.125rem}.three-quick-stats__stat[_ngcontent-sc107]{text-transform:none;display:block;font-family:Baskerville10Pro,serif;font-style:normal;font-weight:400;text-transform:none;color:#e3b449;font-size:1.5rem;line-height:1}@media (min-width:47.75rem){ html[lang=zh-hant] .three-quick-stats__title-white{font-size:3.3125rem;line-height:64px}.three-quick-stats__stat[_ngcontent-sc107]{font-size:1.5rem;line-height:1}}@media (min-width:63.9375rem){ html[lang=zh-hant] .three-quick-stats__title-white{font-size:3.75rem;line-height:72px}.three-quick-stats__stat[_ngcontent-sc107]{font-size:2.625rem;line-height:1} html[lang=zh-hans] .three-quick-stats__stat{font-size:2.625rem;line-height:45px}} html[lang=ja] .three-quick-stats__stat{font-family:"Noto Sans JP",sans-serif;color:#e3b449} html[lang=zh-hans] .three-quick-stats__stat{font-family:"Noto Serif SC",serif;font-weight:700;color:#e3b449;font-size:2.625rem;line-height:45px} html[lang=zh-hant] .three-quick-stats__stat{font-family:"Noto Serif TC",serif;font-weight:700;color:#e3b449;font-size:2.625rem;line-height:45px}@media (min-width:47.75rem){ html[lang=zh-hans] .three-quick-stats__stat{font-size:2.625rem;line-height:45px} html[lang=zh-hant] .three-quick-stats__stat{font-size:2.625rem;line-height:45px}.three-quick-stats__stat-white[_ngcontent-sc107]{font-size:1.5rem;line-height:1}}@media (min-width:63.9375rem){ html[lang=zh-hant] .three-quick-stats__stat{font-size:2.625rem;line-height:45px}}.three-quick-stats__stat[_ngcontent-sc107] sup{display:inline-table;margin-top:-.5625rem;font-size:.875rem;line-height:2}.three-quick-stats__stat-white[_ngcontent-sc107]{font-family:Baskerville10Pro,serif;font-style:normal;font-weight:400;text-transform:none;color:#002247;font-size:1.5rem;line-height:1} html[lang=ja] .three-quick-stats__stat-white{font-family:"Noto Sans JP",sans-serif;color:#002247} html[lang=zh-hans] .three-quick-stats__stat-white{font-family:"Noto Serif SC",serif;font-weight:700;color:#002247;font-size:2.625rem;line-height:45px} html[lang=zh-hant] .three-quick-stats__stat-white{font-family:"Noto Serif TC",serif;font-weight:700;color:#002247;font-size:2.625rem;line-height:45px}@media (min-width:63.9375rem){.three-quick-stats__stat-white[_ngcontent-sc107]{font-size:2.625rem;line-height:1} html[lang=zh-hans] .three-quick-stats__stat-white{font-size:2.625rem;line-height:45px} html[lang=zh-hant] .three-quick-stats__stat-white{font-size:2.625rem;line-height:45px}}.three-quick-stats__descriptionBox[_ngcontent-sc107]{position:relative}.three-quick-stats__description[_ngcontent-sc107]{font-family:Baskerville10Pro,serif;font-style:normal;font-weight:400;text-transform:none;color:#fff;display:block;margin-top:.8125rem;font-size:.9375rem;line-height:1.25rem;position:relative;background:0 0;border:none;width:100%;padding:0}@media (min-width:47.75rem){ html[lang=zh-hans] .three-quick-stats__stat-white{font-size:2.625rem;line-height:45px} html[lang=zh-hant] .three-quick-stats__stat-white{font-size:2.625rem;line-height:45px}.three-quick-stats__description[_ngcontent-sc107]{font-size:.8125rem;line-height:1.54} html[lang=zh-hans] .three-quick-stats__description{font-size:.8125rem;line-height:24px}} html[lang=ja] .three-quick-stats__description{font-family:"Noto Sans JP",sans-serif;color:#fff} html[lang=zh-hans] .three-quick-stats__description{font-family:"Noto Serif SC",serif;font-weight:600;color:#fff;font-size:.8125rem;line-height:24px} html[lang=zh-hant] .three-quick-stats__description{font-family:"Noto Serif TC",serif;font-weight:600;color:#fff;font-size:.8125rem;line-height:24px}@media (min-width:63.9375rem){.three-quick-stats__description[_ngcontent-sc107]{font-size:1rem;line-height:1.5} html[lang=zh-hans] .three-quick-stats__description{font-size:.8125rem;line-height:24px} html[lang=zh-hant] .three-quick-stats__description{font-size:.8125rem;line-height:24px}}.three-quick-stats__description.noCursor[_ngcontent-sc107]{cursor:default}.three-quick-stats__infoIcon[_ngcontent-sc107]{margin-top:-3px}.three-quick-stats__description-white[_ngcontent-sc107]{font-family:Baskerville10Pro,serif;font-style:normal;font-weight:400;text-transform:none;color:#394047;font-size:1rem;line-height:1.5} html[lang=ja] .three-quick-stats__description-white{font-family:"Noto Sans JP",sans-serif;color:#394047} html[lang=zh-hans] .three-quick-stats__description-white{font-family:"Noto Serif SC",serif;font-weight:600;color:#394047;font-size:.8125rem;line-height:24px} html[lang=zh-hant] .three-quick-stats__description-white{font-family:"Noto Serif TC",serif;font-weight:600;color:#394047;font-size:.8125rem;line-height:24px}@media (min-width:47.75rem){ html[lang=zh-hant] .three-quick-stats__description{font-size:.8125rem;line-height:24px}.three-quick-stats__description-white[_ngcontent-sc107]{font-size:.8125rem;line-height:1.54} html[lang=zh-hans] .three-quick-stats__description-white{font-size:.8125rem;line-height:24px} html[lang=zh-hant] .three-quick-stats__description-white{font-size:.8125rem;line-height:24px}}@media (min-width:63.9375rem){.three-quick-stats__description-white[_ngcontent-sc107]{font-size:1rem;line-height:1.5} html[lang=zh-hans] .three-quick-stats__description-white{font-size:.8125rem;line-height:24px} html[lang=zh-hant] .three-quick-stats__description-white{font-size:.8125rem;line-height:24px}}.three-quick-stats__infoTooltip[_ngcontent-sc107]{width:calc(100vw - 50px);background-color:#fff;color:#002247;text-align:center;border:1px solid #002247;padding:16px 36px 16px 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auto;font-size:3rem;line-height:2.75rem}.three-quick-stats__list[_ngcontent-sc107]{display:flex;flex-direction:row;justify-content:space-between;width:100%;flex-wrap:wrap}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]{position:relative;width:calc((100% / 3) - 3.125rem);padding:1.875rem 0 .75rem}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:not(:first-child){margin-top:0}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:not(:first-child)::after{content:'';position:absolute;top:0;left:-2.3125rem;width:.0625rem;height:100%;background-color:#fff;opacity:.35}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:nth-child(1):nth-last-child(2):last-child, .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:nth-child(2):nth-last-child(1):last-child{margin-right:auto;margin-left:4.6875rem}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:nth-child(1):nth-last-child(2):first-child .three-quick-stats__infoTooltip[_ngcontent-sc107], .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:nth-child(2):nth-last-child(1):first-child .three-quick-stats__infoTooltip[_ngcontent-sc107]{left:0}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:nth-child(1):nth-last-child(2):last-child .three-quick-stats__infoTooltip[_ngcontent-sc107], .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:nth-child(2):nth-last-child(1):last-child .three-quick-stats__infoTooltip[_ngcontent-sc107]{right:0;left:auto}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(3), .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(3) ~ li[_ngcontent-sc107]{width:calc((100% / 3) - 3.125rem);padding:1.875rem 0 .75rem}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(3):not(:first-child)::after, .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(3) ~ li[_ngcontent-sc107]:not(:first-child)::after{left:-2.3125rem}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(3):first-child .three-quick-stats__infoTooltip[_ngcontent-sc107], .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(3) ~ li[_ngcontent-sc107]:first-child .three-quick-stats__infoTooltip[_ngcontent-sc107]{left:0}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(3):nth-child(2) .three-quick-stats__infoTooltip[_ngcontent-sc107], .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(3) ~ li[_ngcontent-sc107]:nth-child(2) .three-quick-stats__infoTooltip[_ngcontent-sc107]{right:calc(-100% - 4.7rem);left:auto}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(3):last-child .three-quick-stats__infoTooltip[_ngcontent-sc107], .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(3) ~ li[_ngcontent-sc107]:last-child .three-quick-stats__infoTooltip[_ngcontent-sc107]{right:0;left:auto}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(4), .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(4) ~ li[_ngcontent-sc107]{width:calc((100% / 2) - 4rem);padding:1.875rem 4rem .75rem}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(4):first-child, .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(4):nth-child(2), .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(4) ~ li[_ngcontent-sc107]:first-child, .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(4) ~ li[_ngcontent-sc107]:nth-child(2){margin-bottom:3.5rem}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(4):not(:first-child)::after, .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(4):not(:nth-child(3))::after, .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(4) ~ li[_ngcontent-sc107]:not(:first-child)::after, .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(4) ~ li[_ngcontent-sc107]:not(:nth-child(3))::after{left:-4rem}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(4):first-child .three-quick-stats__infoTooltip[_ngcontent-sc107], .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(4):nth-child(3) .three-quick-stats__infoTooltip[_ngcontent-sc107], .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(4) ~ li[_ngcontent-sc107]:first-child .three-quick-stats__infoTooltip[_ngcontent-sc107], .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(4) ~ li[_ngcontent-sc107]:nth-child(3) .three-quick-stats__infoTooltip[_ngcontent-sc107]{left:0}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(4):last-child .three-quick-stats__infoTooltip[_ngcontent-sc107], .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(4):nth-child(2) .three-quick-stats__infoTooltip[_ngcontent-sc107], .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(4) ~ li[_ngcontent-sc107]:last-child .three-quick-stats__infoTooltip[_ngcontent-sc107], .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(4) ~ li[_ngcontent-sc107]:nth-child(2) .three-quick-stats__infoTooltip[_ngcontent-sc107]{right:0;left:auto}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5), .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5) ~ li[_ngcontent-sc107]{width:calc((100% / 3) - 3.125rem);padding:1.875rem 0 .75rem}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5):first-child, .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5):nth-child(2), .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5) ~ li[_ngcontent-sc107]:first-child, .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5) ~ li[_ngcontent-sc107]:nth-child(2){width:calc((100% / 2) - 4rem);padding:1.875rem 4rem .75rem;margin-bottom:3.5rem}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5):nth-child(2)::after, .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5) ~ li[_ngcontent-sc107]:nth-child(2)::after{left:-4rem}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5):nth-child(4)::after, .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5):nth-child(5)::after, .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5) ~ li[_ngcontent-sc107]:nth-child(4)::after, .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5) ~ li[_ngcontent-sc107]:nth-child(5)::after{left:-2.3125rem}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5):first-child .three-quick-stats__infoTooltip[_ngcontent-sc107], .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5):nth-child(3) .three-quick-stats__infoTooltip[_ngcontent-sc107], .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5) ~ li[_ngcontent-sc107]:first-child .three-quick-stats__infoTooltip[_ngcontent-sc107], .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5) ~ li[_ngcontent-sc107]:nth-child(3) .three-quick-stats__infoTooltip[_ngcontent-sc107]{left:0}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5):nth-child(2) .three-quick-stats__infoTooltip[_ngcontent-sc107], .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5):nth-child(5) .three-quick-stats__infoTooltip[_ngcontent-sc107], .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5) ~ li[_ngcontent-sc107]:nth-child(2) .three-quick-stats__infoTooltip[_ngcontent-sc107], .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5) ~ li[_ngcontent-sc107]:nth-child(5) .three-quick-stats__infoTooltip[_ngcontent-sc107]{right:0;left:auto}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5):nth-child(4) .three-quick-stats__infoTooltip[_ngcontent-sc107], .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5) ~ li[_ngcontent-sc107]:nth-child(4) .three-quick-stats__infoTooltip[_ngcontent-sc107]{right:calc(-100% - 4.7rem);left:auto}.three-quick-stats__list-white[_ngcontent-sc107] li[_ngcontent-sc107]:not(:first-child)::after{background-color:#939495}.three-quick-stats__stat[_ngcontent-sc107]{position:relative;padding-bottom:1.375rem;font-size:1.875rem;line-height:2.4375rem}.three-quick-stats__stat[_ngcontent-sc107]::after{content:'';position:absolute;bottom:0;left:0;right:0;display:block;width:2.5rem;height:.0625rem;margin:0 auto;background-color:#fff}.three-quick-stats__stat-white[_ngcontent-sc107]::after{background-color:#007ac3}.three-quick-stats__description[_ngcontent-sc107]{margin-top:1.375rem;font-size:.9375rem;line-height:1.25rem}.three-quick-stats__infoTooltip[_ngcontent-sc107]{width:32.5rem}}@media (min-width:63.9375rem){.three-quick-stats__content[_ngcontent-sc107]{padding-bottom:5rem}.three-quick-stats__title[_ngcontent-sc107]{width:calc(71.25% - 4.28125rem);font-size:3.75rem;line-height:3.5rem}.three-quick-stats__list[_ngcontent-sc107]{width:auto;margin:3.75rem 2.5rem 0}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]{width:calc((100% / 3) - 5rem);padding:1.125rem 0 1.75rem}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:not(:first-child)::after{left:-3.75rem}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:nth-child(1):nth-last-child(2):last-child, .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:nth-child(2):nth-last-child(1):last-child{margin-left:7.5rem}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(3), .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(3) ~ li[_ngcontent-sc107]{width:calc((100% / 3) - 5rem);padding:1.125rem 0 1.75rem}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(3):not(:first-child)::after, .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(3) ~ li[_ngcontent-sc107]:not(:first-child)::after{left:-3.75rem}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(3):nth-child(2) .three-quick-stats__infoTooltip[_ngcontent-sc107], .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(3) ~ li[_ngcontent-sc107]:nth-child(2) .three-quick-stats__infoTooltip[_ngcontent-sc107]{right:calc(-100% - 7.5rem)}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(4), .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(4) ~ li[_ngcontent-sc107]{width:calc((100% / 4) - 3rem);padding:1.125rem 0 1.75rem}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(4):not(:first-child)::after, .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(4) ~ li[_ngcontent-sc107]:not(:first-child)::after{left:-2rem}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(4):first-child, .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(4):nth-child(2), .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(4) ~ li[_ngcontent-sc107]:first-child, .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(4) ~ li[_ngcontent-sc107]:nth-child(2){margin-bottom:0}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(4):nth-child(2) .three-quick-stats__infoTooltip[_ngcontent-sc107], .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(4) ~ li[_ngcontent-sc107]:nth-child(2) .three-quick-stats__infoTooltip[_ngcontent-sc107]{left:0}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(4):nth-child(3) .three-quick-stats__infoTooltip[_ngcontent-sc107], .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(4) ~ li[_ngcontent-sc107]:nth-child(3) .three-quick-stats__infoTooltip[_ngcontent-sc107]{right:calc(-100% - 4rem);left:auto}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5), .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5) ~ li[_ngcontent-sc107]{width:calc((100% / 5) - 2.5rem);padding:1.125rem 0 1.75rem}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5):not(:first-child)::after, .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5) ~ li[_ngcontent-sc107]:not(:first-child)::after{left:-1.25rem}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5):first-child, .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5):nth-child(2), .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5) ~ li[_ngcontent-sc107]:first-child, .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5) ~ li[_ngcontent-sc107]:nth-child(2){width:calc((100% / 5) - 2.5rem);padding:1.125rem 0 1.75rem;margin-bottom:0}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5):nth-child(2)::after, .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5):nth-child(4)::after, .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5):nth-child(5)::after, .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5) ~ li[_ngcontent-sc107]:nth-child(2)::after, .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5) ~ li[_ngcontent-sc107]:nth-child(4)::after, .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5) ~ li[_ngcontent-sc107]:nth-child(5)::after{left:-1.25rem}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5):nth-child(2) .three-quick-stats__infoTooltip[_ngcontent-sc107], .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5):nth-child(3) .three-quick-stats__infoTooltip[_ngcontent-sc107], .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5) ~ li[_ngcontent-sc107]:nth-child(2) .three-quick-stats__infoTooltip[_ngcontent-sc107], .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5) ~ li[_ngcontent-sc107]:nth-child(3) .three-quick-stats__infoTooltip[_ngcontent-sc107]{left:0}.three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5):nth-child(4) .three-quick-stats__infoTooltip[_ngcontent-sc107], .three-quick-stats__list[_ngcontent-sc107] li[_ngcontent-sc107]:first-child:nth-last-child(5) ~ li[_ngcontent-sc107]:nth-child(4) .three-quick-stats__infoTooltip[_ngcontent-sc107]{right:calc(-100% - 3.1rem)}.three-quick-stats__stat[_ngcontent-sc107]{padding-bottom:1.0625rem;font-size:2.625rem;line-height:3.4375rem}.three-quick-stats__stat[_ngcontent-sc107] sup{margin-top:-.625rem;font-size:1.25rem}.three-quick-stats__description[_ngcontent-sc107]{font-size:1rem;line-height:1.375rem}}</style><style ng-transition="serverApp">[_nghost-sc135]{border-top:3.75rem solid #fff;display:block}.preview-grid[_ngcontent-sc135]{background-color:#002247;padding:3.4375rem 0 4.125rem}.preview-grid--title[_ngcontent-sc135]{font-family:Knockout-HTF48-Featherweight,sans-serif;font-style:normal;font-weight:400;text-transform:uppercase;color:#fff;font-size:2.25rem;line-height:1;margin:0} html[lang=ja] .preview-grid--title{font-family:"Noto Sans JP",sans-serif;font-weight:600;text-transform:uppercase;color:#fff;font-size:1.625rem;line-height:1.1;text-align:justify}@media (min-width:47.75rem){[_nghost-sc135]{border-top:3.75rem solid #fff}.preview-grid--title[_ngcontent-sc135]{font-size:3rem;line-height:.92} html[lang=ja] .preview-grid--title{font-size:2rem;line-height:1.1;text-align:justify}}@media (min-width:63.9375rem){[_nghost-sc135]{border-top:5rem solid #fff}.preview-grid--title[_ngcontent-sc135]{font-size:3.75rem;line-height:.75} html[lang=ja] .preview-grid--title{font-size:1.75rem;letter-spacing:-.05rem;line-height:1.1;text-align:justify}} html[lang=zh-hans] .preview-grid--title{font-family:"Noto Sans SC",sans-serif;font-weight:700;text-transform:uppercase;color:#fff;font-size:2.625rem;line-height:56px}@media (min-width:47.75rem){ html[lang=zh-hans] .preview-grid--title{font-size:3.3125rem;line-height:64px}}@media (min-width:63.9375rem){ html[lang=zh-hans] .preview-grid--title{font-size:3.75rem;line-height:72px}} html[lang=zh-hant] .preview-grid--title{font-family:"Noto Sans TC",sans-serif;font-weight:700;text-transform:uppercase;color:#fff;font-size:2.625rem;line-height:56px}.preview-grid--content[_ngcontent-sc135]{font-family:Baskerville10Pro,serif;font-style:normal;font-weight:400;text-transform:none;font-size:1rem;line-height:1.5;margin-top:1.0625rem;color:#fff}@media (min-width:47.75rem){ html[lang=zh-hant] .preview-grid--title{font-size:3.3125rem;line-height:64px}.preview-grid--content[_ngcontent-sc135]{font-size:1rem;line-height:1.5}}@media (min-width:63.9375rem){ html[lang=zh-hant] .preview-grid--title{font-size:3.75rem;line-height:72px}.preview-grid--content[_ngcontent-sc135]{font-size:1rem;line-height:1.5} html[lang=ja] .preview-grid--content{font-size:.8125rem;line-height:1.5;text-align:justify}} html[lang=ja] .preview-grid--content{font-family:"Noto Sans JP",sans-serif;font-style:normal;color:#fff;font-size:.8125rem;line-height:1.5;text-align:justify}@media (min-width:47.75rem){ html[lang=ja] .preview-grid--content{font-size:.8125rem;line-height:1.5;text-align:justify} html[lang=zh-hans] .preview-grid--content{font-size:.8125rem;line-height:24px}} html[lang=zh-hans] .preview-grid--content{font-family:"Noto Serif SC",serif;font-weight:600;color:#fff;font-size:.8125rem;line-height:24px} html[lang=zh-hant] .preview-grid--content{font-family:"Noto Serif TC",serif;font-weight:600;color:#fff;font-size:.8125rem;line-height:24px}.preview-grid--content[_ngcontent-sc135] p[_ngcontent-sc135]{margin:0}.preview-grid--cta[_ngcontent-sc135]{display:block;margin-top:2rem}.preview-grid--cards[_ngcontent-sc135]{margin-top:2.8125rem}.preview-grid--card[_ngcontent-sc135]{display:block}.preview-grid--card[_ngcontent-sc135]:not(:first-child){margin-top:1.25rem}@media (min-width:47.75rem){ html[lang=zh-hant] .preview-grid--content{font-size:.8125rem;line-height:24px}.preview-grid--body[_ngcontent-sc135]{margin:0 -1.875rem}.preview-grid--body[_ngcontent-sc135]::after{clear:both;content:"";display:block}.preview-grid--title[_ngcontent-sc135]{width:calc(50% - 2.8125rem);float:left;margin-left:1.875rem}.preview-grid--content[_ngcontent-sc135]{width:calc(50% - 2.8125rem);float:left;margin-left:1.875rem;margin-top:0}.preview-grid--cards[_ngcontent-sc135]{margin:3.75rem -1.875rem 0}.preview-grid--cards[_ngcontent-sc135]::after{clear:both;content:"";display:block}.preview-grid--card[_ngcontent-sc135]{width:calc(50% - 2.8125rem);float:left;margin-left:1.875rem}.preview-grid--card[_ngcontent-sc135]:not(:first-child){margin-top:1.75rem}.preview-grid--card[_ngcontent-sc135]:nth-child(2){margin-top:3.5rem}.preview-grid--card[_ngcontent-sc135]:nth-child(2n+3){margin-top:-1.75rem}}@media (min-width:63.9375rem){ html[lang=zh-hans] .preview-grid--content{font-size:.8125rem;line-height:24px} html[lang=zh-hant] .preview-grid--content{font-size:.8125rem;line-height:24px}.preview-grid[_ngcontent-sc135]{padding:5rem 0}.preview-grid--container[_ngcontent-sc135]{margin:0 -2.5rem}.preview-grid--container[_ngcontent-sc135]::after{clear:both;content:"";display:block}.preview-grid--container__vertical[_ngcontent-sc135]{display:flex;align-items:center}.preview-grid--container__vertical[_ngcontent-sc135] .preview-grid--body[_ngcontent-sc135]{margin-top:0}.preview-grid--body[_ngcontent-sc135]{width:calc(33.33333% - 3.33333rem);float:left;margin-left:2.5rem;left:calc(66.66667% - 4.16667rem + 2.5rem);position:relative;padding-left:2.5rem;margin-right:0;margin-top:11.3125rem}.preview-grid--content[_ngcontent-sc135], .preview-grid--title[_ngcontent-sc135]{width:100%;float:none;margin-left:0}.preview-grid--content[_ngcontent-sc135]{margin-top:1.9375rem}.preview-grid--cta[_ngcontent-sc135]{margin-top:2.5rem}.preview-grid--cards[_ngcontent-sc135]{width:calc(66.66667% - 4.16667rem);float:left;margin-left:2.5rem;left:calc(-33.33333% - 1.66667rem + 2.5rem);position:relative;margin-right:0;margin-top:0}.preview-grid--cards--container[_ngcontent-sc135]{margin:0 -2.5rem}.preview-grid--cards--container[_ngcontent-sc135]::after{clear:both;content:"";display:block}.preview-grid--card[_ngcontent-sc135]{width:calc(50% - 3.75rem);float:left;margin-left:2.5rem}}</style><style ng-transition="serverApp">[_nghost-sc117]{border-top:3.75rem solid #fff;display:block}@media (min-width:47.75rem){[_nghost-sc117]{border-top:3.75rem solid #fff}}@media (min-width:63.9375rem){[_nghost-sc117]{border-top:5rem solid #fff}}.newsletter[_ngcontent-sc117]{position:relative}.newsletter[_ngcontent-sc117]::after{clear:both;content:"";display:block}.newsletter--container[_ngcontent-sc117]{position:relative}.newsletter--container[_ngcontent-sc117]::before{content:'';position:absolute;top:0;left:0;width:100%;height:calc(100% - 25px);background-color:#002247}.newsletter--content[_ngcontent-sc117]{position:relative;padding:1.25rem 1.25rem 3.25rem;border-top:.25rem solid #e3b449}.newsletter--background[_ngcontent-sc117]{position:absolute;overflow:hidden;top:0;left:0;width:100%;height:calc(100% - 25px);z-index:0}.newsletter--background[_ngcontent-sc117] .ascent[_ngcontent-sc117]{display:none}.newsletter--form[_ngcontent-sc117] .form-checkbox--label p:last-child{position:relative}.newsletter--form[_ngcontent-sc117] .form-checkbox--label p:last-child::after{content:' *'}.newsletter--title[_ngcontent-sc117]{font-family:Knockout-HTF48-Featherweight,sans-serif;font-style:normal;font-weight:400;text-transform:uppercase;color:#fff;font-size:2.25rem;line-height:1;margin:0} html[lang=ja] .newsletter--title{font-family:"Noto Sans JP",sans-serif;font-weight:600;text-transform:uppercase;color:#fff;font-size:2rem;line-height:1.2;text-align:justify}@media (min-width:47.75rem){.newsletter--title[_ngcontent-sc117]{font-size:3rem;line-height:.92} html[lang=ja] .newsletter--title{font-size:2rem;line-height:1.2;text-align:justify}}@media (min-width:63.9375rem){.newsletter--title[_ngcontent-sc117]{font-size:3rem;line-height:.92} html[lang=ja] .newsletter--title{font-size:2rem;line-height:1.2;text-align:justify}} html[lang=zh-hans] .newsletter--title{font-family:"Noto Sans SC",sans-serif;font-weight:700;text-transform:uppercase;color:#fff;font-size:2.125rem;line-height:44px}@media (min-width:47.75rem){ html[lang=zh-hans] .newsletter--title{font-size:2.625rem;line-height:56px}}@media (min-width:63.9375rem){ html[lang=zh-hans] .newsletter--title{font-size:2.625rem;line-height:56px}} html[lang=zh-hant] .newsletter--title{font-family:"Noto Sans TC",sans-serif;font-weight:700;text-transform:uppercase;color:#fff;font-size:2.125rem;line-height:44px}.newsletter--title[_ngcontent-sc117] span, .newsletter--title[_ngcontent-sc117] strong{font-weight:400;color:#e3b449}.newsletter--title[_ngcontent-sc117] p{margin:0}.newsletter--title[_ngcontent-sc117]:lang(zh-hans), .newsletter--title[_ngcontent-sc117]:lang(zh-hant){font-size:34px!important;line-height:.92!important}.newsletter--description[_ngcontent-sc117]{font-family:Baskerville10Pro,serif;font-style:normal;font-weight:400;text-transform:none;color:#fff;font-size:1rem;line-height:1.5;margin-top:.5625rem}@media 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.newsletter--description{font-family:"Noto Serif TC",serif;font-weight:600;color:#fff;font-size:.8125rem;line-height:24px}.newsletter--required[_ngcontent-sc117]{font-family:Baskerville10Pro,serif;font-style:normal;font-weight:400;text-transform:none;color:#fff;font-size:.8125rem;line-height:1.54;position:absolute;bottom:.625rem;right:1.25rem}@media (min-width:47.75rem){ html[lang=zh-hant] .newsletter--description{font-size:.8125rem;line-height:24px}.newsletter--required[_ngcontent-sc117]{font-size:.8125rem;line-height:1.54}}@media (min-width:63.9375rem){ html[lang=zh-hans] .newsletter--description{font-size:.8125rem;line-height:24px} html[lang=zh-hant] .newsletter--description{font-size:.8125rem;line-height:24px}.newsletter--required[_ngcontent-sc117]{font-size:.8125rem;line-height:1.54} html[lang=ja] .newsletter--required{font-size:.75rem}} html[lang=ja] .newsletter--required{font-family:"Noto Sans JP",sans-serif;font-style:normal;color:#fff;font-size:.75rem}@media 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All investments involve risk, including the possible loss of capital.\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EIt is for informational and educational purposes only and should not be construed as investment advice or an offer or solicitation in respect of any products or services to any persons who are prohibited from receiving such information under the laws applicable to their place of citizenship, domicile or residence.\u003C\u002Fp\u003E\n\u003Cp\u003EPGIM, Inc. is the principal asset management business of Prudential Financial, Inc. (PFI) and is a registered investment advisor with the US Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training. PGIM is a trading name of PGIM, Inc. and its global subsidiaries.\u003C\u002Fp\u003E\n\u003Cp\u003EIn the United Kingdom, information is issued by PGIM Limited with registered office: Grand Buildings, 1-3 Strand, Trafalgar Square, London, WC2N 5HR. PGIM Limited is authorised and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Firm Reference Number 193418). In the European Economic Area (“EEA”), information is issued by PGIM Netherlands B.V. with registered office: Gustav Mahlerlaan 1212, 1081 LA Amsterdam, The Netherlands. PGIM Netherlands B.V. is, authorised by the Autoriteit Financiële Markten (“AFM”) in the Netherlands (Registration number 15003620) and operating on the basis of a European passport. In certain EEA countries, information is, where permitted, presented by PGIM Limited in reliance of provisions, exemptions or licenses available to PGIM Limited under temporary permission arrangements following the exit of the United Kingdom from the European Union. These materials are issued by PGIM Limited and\u002For PGIM Netherlands B.V. to persons who are professional clients as defined under the rules of the FCA and\u002For to persons who are professional clients as defined in the relevant local implementation of Directive 2014\u002F65\u002FEU (MiFID II).\u003C\u002Fp\u003E\n\u003Cp\u003EPGIM Limited's VAT identification number: 447 1835 36.\u003C\u002Fp\u003E\n\u003Cp\u003EIn Switzerland information is issued by PGIM Limited, London, through its Representative Office in Zurich with registered office: Kappelergasse 14, CH-8001 Zurich, Switzerland. PGIM Limited, London, Representative Office in Zurich is authorised and regulated by the Swiss Financial Market Supervisory Authority FINMA and these materials are issued to persons who are professional or institutional clients within the meaning of Art.4 para 3 and 4 FinSA in Switzerland. \u003C\u002Fp\u003E\n\u003Cp\u003EPrudential 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. PGIM, the PGIM logo and Rock design are service marks of PFI and its related entities, registered in many jurisdictions worldwide.\u003C\u002Fp\u003E\n\u003Cp\u003EThe information on this website is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. In making the information available on this website, PGIM, Inc. and its affiliates are not acting as your fiduciary. \u003C\u002Fp\u003E\n\u003Cp\u003E©2023 Prudential Financial, Inc. and its related entities.\u003C\u002Fp\u003E\n","countryCode":"FI"},"de":{"id":"de","flagUrl":"https:\u002F\u002Fcdn.pficdn.com\u002Fcms\u002Fpgim4\u002Fsites\u002Fdefault\u002Ffiles\u002F2020-03\u002Fflag-icon-de.svg","region":"Germany","termsAndConditions":"\u003Cp\u003E\u003Cstrong\u003EFor Professional Investors only. All investments involve risk, including the possible loss of capital.\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EIt is for informational and educational purposes only and should not be construed as investment advice or an offer or solicitation in respect of any products or services to any persons who are prohibited from receiving such information under the laws applicable to their place of citizenship, domicile or residence. \u003C\u002Fp\u003E\n\u003Cp\u003EPGIM, Inc. is the principal asset management business of Prudential Financial, Inc. (“PFI”) and is a registered investment advisor with the US Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training. PGIM is a trading name of PGIM, Inc. and its global subsidiaries. \u003C\u002Fp\u003E\n\u003Cp\u003EIn the United Kingdom, information is issued by PGIM Limited with registered office: Grand Buildings, 1-3 Strand, Trafalgar Square, London, WC2N 5HR. PGIM Limited is authorised and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Firm Reference Number 193418). In the European Economic Area (“EEA”), information is issued by PGIM Netherlands B.V. with registered office: Gustav Mahlerlaan 1212, 1081 LA Amsterdam, The Netherlands. PGIM Netherlands B.V. is, authorised by the Autoriteit Financiële Markten (“AFM”) in the Netherlands (Registration number 15003620) and operating on the basis of a European passport.These materials are issued by PGIM Limited and\u002For PGIM Netherlands B.V. to persons who are professional clients as defined under the rules of the FCA and\u002For to persons who are professional clients as defined in the relevant local implementation of Directive 2014\u002F65\u002FEU (MiFID II).\u003C\u002Fp\u003E\n\u003Cp\u003EIn Switzerland information is issued by PGIM Limited, London, through its Representative Office in Zurich with registered office: Kappelergasse 14, CH-8001 Zurich, Switzerland. PGIM Limited, London, Representative Office in Zurich is authorised and regulated by the Swiss Financial Market Supervisory Authority FINMA and these materials are issued to persons who are professional or institutional clients within the meaning of Art.4 para 3 and 4 FinSA in Switzerland. \u003C\u002Fp\u003E\n\u003Cp\u003EPrudential 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. PGIM, the PGIM logo and Rock design are service marks of PFI and its related entities, registered in many jurisdictions worldwide. \u003C\u002Fp\u003E\n\u003Cp\u003EThe information on this website is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. In making the information available on this website, PGIM, Inc. and its affiliates are not acting as your fiduciary.\u003C\u002Fp\u003E\n\u003Cp\u003E© 2023 Prudential Financial, Inc. and its related entities.\u003C\u002Fp\u003E\n","countryCode":"DE"},"hk":{"id":"hk","flagUrl":"https:\u002F\u002Fcdn.pficdn.com\u002Fcms\u002Fpgim4\u002Fsites\u002Fdefault\u002Ffiles\u002F2020-03\u002Fflag-icon-hk.svg","region":"Hong Kong","termsAndConditions":"\u003Cp\u003E\u003Cstrong\u003EFor Professional Investors only. All investments involve risk, including the possible loss of capital.\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EIt is for informational and educational purposes only and should not be construed as investment advice or an offer or solicitation in respect of any products or services to any persons who are prohibited from receiving such information under the laws applicable to their place of citizenship, domicile or residence.\u003C\u002Fp\u003E\n\u003Cp\u003EPGIM, Inc. is the principal asset management business of Prudential Financial, Inc. (“PFI”) and is a registered investment advisor with the US Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training. PGIM is a trading name of PGIM, Inc. and its global subsidiaries. \u003C\u002Fp\u003E\n\u003Cp\u003EIn Hong Kong, information is provided by PGIM (Hong Kong) Limited, a regulated entity with the Securities & Futures Commission in Hong Kong to professional investors as defined in Section 1 of Part 1 of Schedule 1 of the Securities and Futures Ordinance (Cap.571).\u003C\u002Fp\u003E\n\u003Cp\u003EPrudential 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. PGIM, the PGIM logo and Rock design are service marks of PFI and its related entities, registered in many jurisdictions worldwide. \u003C\u002Fp\u003E\n\u003Cp\u003EThe information on this website is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. In making the information available on this website, PGIM, Inc. and its affiliates are not acting as your fiduciary. \u003C\u002Fp\u003E\n\u003Cp\u003E© 2023 Prudential Financial, Inc. and its related entities.\u003C\u002Fp\u003E\n","countryCode":"HK"},"in":{"id":"in","flagUrl":"https:\u002F\u002Fcdn.pficdn.com\u002Fcms\u002Fpgim4\u002Fsites\u002Fdefault\u002Ffiles\u002F2020-04\u002Fflag-icon-in_1.svg","region":"India","termsAndConditions":"\u003Cp\u003E\u003Cstrong\u003EFor Professional Investors only. All investments involve risk, including the possible loss of capital.\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EIt is for informational and educational purposes only and should not be construed as investment advice or an offer or solicitation in respect of any products or services to any persons who are prohibited from receiving such information under the laws applicable to their place of citizenship, domicile or residence. \u003C\u002Fp\u003E\n\u003Cp\u003EPGIM, Inc. is the principal asset management business of Prudential Financial, Inc. (“PFI”) and is a registered investment advisor with the US Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training. PGIM is a trading name of PGIM, Inc. and its global subsidiaries. \u003C\u002Fp\u003E\n\u003Cp\u003EIn India, this website is issued by PGIM India Mutual Fund, PGIM India Trustees Private Limited (the trustee of PGIM India Mutual Fund), PGIM India Asset Management Private Limited (\"PGIM India\"), as applicable and in accordance with India regulatory requirements. \u003C\u002Fp\u003E\n\u003Cp\u003EPrudential 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. PGIM, the PGIM logo and Rock design are service marks of PFI and its related entities, registered in many jurisdictions worldwide. \u003C\u002Fp\u003E\n\u003Cp\u003EThe information on this website is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. In making the information available on this website, PGIM, Inc. and its affiliates are not acting as your fiduciary.\u003C\u002Fp\u003E\n\u003Cp\u003E© 2023 Prudential Financial, Inc. and its related entities.\u003C\u002Fp\u003E\n","countryCode":"IN"},"ie":{"id":"ie","flagUrl":"https:\u002F\u002Fcdn.pficdn.com\u002Fcms\u002Fpgim4\u002Fsites\u002Fdefault\u002Ffiles\u002F2020-03\u002Fflag-icon-ie.svg","region":"Ireland","termsAndConditions":"\u003Cp\u003E\u003Cstrong\u003EFor Professional Investors only. 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PGIM Limited is authorised and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Firm Reference Number 193418). In the European Economic Area (“EEA”), information is issued by PGIM Netherlands B.V. with registered office: Gustav Mahlerlaan 1212, 1081 LA Amsterdam, The Netherlands. PGIM Netherlands B.V. is, authorised by the Autoriteit Financiële Markten (“AFM”) in the Netherlands (Registration number 15003620) and operating on the basis of a European passport. In certain EEA countries, information is, where permitted, presented by PGIM Limited in reliance of provisions, exemptions or licenses available to PGIM Limited under temporary permission arrangements following the exit of the United Kingdom from the European Union. These materials are issued by PGIM Limited and\u002For PGIM Netherlands B.V. to persons who are professional clients as defined under the rules of the FCA and\u002For to persons who are professional clients as defined in the relevant local implementation of Directive 2014\u002F65\u002FEU (MiFID II).\u003C\u002Fp\u003E\n\u003Cp\u003EIn Switzerland information is issued by PGIM Limited, London, through its Representative Office in Zurich with registered office: Kappelergasse 14, CH-8001 Zurich, Switzerland. PGIM Limited, London, Representative Office in Zurich is authorised and regulated by the Swiss Financial Market Supervisory Authority FINMA and these materials are issued to persons who are professional or institutional clients within the meaning of Art.4 para 3 and 4 FinSA in Switzerland. \u003C\u002Fp\u003E\n\u003Cp\u003EPrudential 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. PGIM, the PGIM logo and Rock design are service marks of PFI and its related entities, registered in many jurisdictions worldwide. \u003C\u002Fp\u003E\n\u003Cp\u003EThe information on this website is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. In making the information available on this website, PGIM, Inc. and its affiliates are not acting as your fiduciary. \u003C\u002Fp\u003E\n\u003Cp\u003E© 2023 Prudential Financial, Inc. and its related entities.\u003C\u002Fp\u003E\n","countryCode":"IE"},"it":{"id":"it","flagUrl":"https:\u002F\u002Fcdn.pficdn.com\u002Fcms\u002Fpgim4\u002Fsites\u002Fdefault\u002Ffiles\u002F2020-03\u002Fflag-icon-it.svg","region":"Italy","termsAndConditions":"\u003Cp\u003E\u003Cstrong\u003EFor Professional Investors only. All investments involve risk, including the possible loss of capital.\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EIt is for informational and educational purposes only and should not be construed as investment advice or an offer or solicitation in respect of any products or services to any persons who are prohibited from receiving such information under the laws applicable to their place of citizenship, domicile or residence.\u003C\u002Fp\u003E\n\u003Cp\u003EPGIM, Inc. is the principal asset management business of Prudential Financial, Inc. (“PFI”) and is a registered investment advisor with the US Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training. PGIM is a trading name of PGIM, Inc. and its global subsidiaries.\u003C\u002Fp\u003E\n\u003Cp\u003EIn the United Kingdom, information is issued by PGIM Limited with registered office: Grand Buildings, 1-3 Strand, Trafalgar Square, London, WC2N 5HR. PGIM Limited is authorised and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Firm Reference Number 193418). In the European Economic Area (“EEA”), information is issued by PGIM Netherlands B.V. with registered office: Gustav Mahlerlaan 1212, 1081 LA Amsterdam, The Netherlands. PGIM Netherlands B.V. is, authorised by the Autoriteit Financiële Markten (“AFM”) in the Netherlands (Registration number 15003620) and operating on the basis of a European passport.These materials are issued by PGIM Limited and\u002For PGIM Netherlands B.V. to persons who are professional clients as defined under the rules of the FCA and\u002For to persons who are professional clients as defined in the relevant local implementation of Directive 2014\u002F65\u002FEU (MiFID II). \u003C\u002Fp\u003E\n\u003Cp\u003EIn Italy, information is provided \u003Ca\u003Eby PGIM Limited authorized to operate in Italy by Commissione Nazionale per le Società e la Borsa (CONSOB). \u003C\u002Fa\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EIn Switzerland information is issued by PGIM Limited, London, through its Representative Office in Zurich with registered office: Kappelergasse 14, CH-8001 Zurich, Switzerland. PGIM Limited, London, Representative Office in Zurich is authorised and regulated by the Swiss Financial Market Supervisory Authority FINMA and these materials are issued to persons who are professional or institutional clients within the meaning of Art.4 para 3 and 4 FinSA in Switzerland. \u003C\u002Fp\u003E\n\u003Cp\u003EThe information provided on the Website do not constitute an offer or promotion of services and products of any such entities which have not been passported or licensed to do so in the jurisdiction or an offer or promotion of products which have not been registered or authorised in the jurisdiction.\u003C\u002Fp\u003E\n\u003Cp\u003EThe information provided on the Website do not disclose all of the risks and other significant aspects of entering into any particular transaction with PGIM or its related entities; any investment decision should be made solely upon the information contained in the offering documentation relating to the relevant transactions. Please read any applicable services or product offering documentation before taking any investment decision.\u003C\u002Fp\u003E\n\u003Cp\u003EPrudential 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. PGIM, the PGIM logo and Rock design are service marks of PFI and its related entities, registered in many jurisdictions worldwide. \u003C\u002Fp\u003E\n\u003Cp\u003EThe information on this website is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. In making the information available on this website, PGIM, Inc. and its affiliates are not acting as your fiduciary.\u003C\u002Fp\u003E\n\u003Cp\u003E© 2023 Prudential Financial, Inc. and its related entities.\u003C\u002Fp\u003E\n","countryCode":"IT"},"jp":{"id":"jp","flagUrl":"https:\u002F\u002Fcdn.pficdn.com\u002Fcms\u002Fpgim4\u002Fsites\u002Fdefault\u002Ffiles\u002F2020-03\u002Fflag-icon-jp.svg","region":"Japan","termsAndConditions":"\u003Cp\u003E\u003Cstrong\u003EFor Professional Investors only. All investments involve risk, including the possible loss of capital.\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EIt is for informational and educational purposes only and should not be construed as investment advice or an offer or solicitation in respect of any products or services to any persons who are prohibited from receiving such information under the laws applicable to their place of citizenship, domicile or residence.\u003C\u002Fp\u003E\n\u003Cp\u003EPGIM, Inc. is the principal asset management business of Prudential Financial, Inc. (“PFI”) and is a registered investment advisor with the US Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training. PGIM is a trading name of PGIM, Inc. and its global subsidiaries. \u003C\u002Fp\u003E\n\u003Cp\u003EIn Japan, information is provided by PGIM Japan Co., Ltd. (“PGIM Japan”) and\u002For PGIM Real Estate (Japan) Ltd. (“PGIMREJ”). PGIM Japan, a registered Financial Instruments Business Operator with the Financial Services Agency of Japan offers various investment management services in Japan. PGIMREJ is a Japanese real estate asset manager that is registered with the Kanto Local Finance Bureau of Japan. \u003C\u002Fp\u003E\n\u003Cp\u003EPrudential 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. PGIM, the PGIM logo and Rock design are service marks of PFI and its related entities, registered in many jurisdictions worldwide. \u003C\u002Fp\u003E\n\u003Cp\u003EThe information on this website is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. In making the information available on this website, PGIM, Inc. and its affiliates are not acting as your fiduciary. \u003C\u002Fp\u003E\n\u003Cp\u003E© 2023 Prudential Financial, Inc. and its related entities.\u003C\u002Fp\u003E\n","countryCode":"JP"},"kr":{"id":"kr","flagUrl":"https:\u002F\u002Fcdn.pficdn.com\u002Fcms\u002Fpgim4\u002Fsites\u002Fdefault\u002Ffiles\u002F2020-03\u002Fflag-icon-kr.svg","region":"Korea","termsAndConditions":"\u003Cp\u003E\u003Cstrong\u003EFor Professional Investors only. All investments involve risk, including the possible loss of capital.\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EIt is for informational and educational purposes only and should not be construed as investment advice or an offer or solicitation in respect of any products or services to any persons who are prohibited from receiving such information under the laws applicable to their place of citizenship, domicile or residence.\u003C\u002Fp\u003E\n\u003Cp\u003EPGIM, Inc. is the principal asset management business of Prudential Financial, Inc. (“PFI”) and is a registered investment advisor with the US Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training. 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In making the information available on this website, PGIM, Inc. and its affiliates are not acting as your fiduciary.\u003C\u002Fp\u003E\n\u003Cp\u003E© 2023 Prudential Financial, Inc. and its related entities.\u003C\u002Fp\u003E\n","countryCode":"KR"},"lu":{"id":"lu","flagUrl":"https:\u002F\u002Fcdn.pficdn.com\u002Fcms\u002Fpgim4\u002Fsites\u002Fdefault\u002Ffiles\u002F2020-03\u002Fflag-icon-lu.svg","region":"Luxembourg","termsAndConditions":"\u003Cp\u003E\u003Cstrong\u003EFor Professional Investors only. All investments involve risk, including the possible loss of capital.\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EIt is for informational and educational purposes only and should not be construed as investment advice or an offer or solicitation in respect of any products or services to any persons who are prohibited from receiving such information under the laws applicable to their place of citizenship, domicile or residence.\u003C\u002Fp\u003E\n\u003Cp\u003EPGIM, Inc. is the principal asset management business of Prudential Financial, Inc. (“PFI”) and is a registered investment advisor with the US Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training. PGIM is a trading name of PGIM, Inc. and its global subsidiaries. \u003C\u002Fp\u003E\n\u003Cp\u003EIn the United Kingdom, information is issued by PGIM Limited with registered office: Grand Buildings, 1-3 Strand, Trafalgar Square, London, WC2N 5HR. PGIM Limited is authorised and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Firm Reference Number 193418). In the European Economic Area (“EEA”), information is issued by PGIM Netherlands B.V. with registered office: Gustav Mahlerlaan 1212, 1081 LA Amsterdam, The Netherlands. PGIM Netherlands B.V. is, authorised by the Autoriteit Financiële Markten (“AFM”) in the Netherlands (Registration number 15003620) and operating on the basis of a European passport.These materials are issued by PGIM Limited and\u002For PGIM Netherlands B.V. to persons who are professional clients as defined under the rules of the FCA and\u002For to persons who are professional clients as defined in the relevant local implementation of Directive 2014\u002F65\u002FEU (MiFID II).\u003C\u002Fp\u003E\n\u003Cp\u003EIn Switzerland information is issued by PGIM Limited, London, through its Representative Office in Zurich with registered office: Kappelergasse 14, CH-8001 Zurich, Switzerland. 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In making the information available on this website, PGIM, Inc. and its affiliates are not acting as your fiduciary. \u003C\u002Fp\u003E\n\u003Cp\u003E© 2023 Prudential Financial, Inc. and its related entities.\u003C\u002Fp\u003E\n","countryCode":"LU"},"mx":{"id":"mx","flagUrl":"https:\u002F\u002Fcdn.pficdn.com\u002Fcms\u002Fpgim4\u002Fsites\u002Fdefault\u002Ffiles\u002F2020-03\u002Fflag-icon-mx.svg","region":"Mexico","termsAndConditions":"\u003Cp\u003E\u003Cstrong\u003EFor Professional Investors only. All investments involve risk, including the possible loss of capital.\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EIt is for informational and educational purposes only and should not be construed as investment advice or an offer or solicitation in respect of any products or services to any persons who are prohibited from receiving such information under the laws applicable to their place of citizenship, domicile or residence. The information provided on this website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject PGIM or its affiliates to any registration requirement within such jurisdiction or country.\u003C\u002Fp\u003E\n\u003Cp\u003EPGIM, Inc. is the principal asset management business of Prudential Financial, Inc. (\"PFI\") and is a registered investment advisor with the US Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training. PGIM is a trading name of PGIM, Inc. and its global subsidiaries.\u003C\u002Fp\u003E\n\u003Cp\u003EPrudential 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. 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PGIM Limited is authorised and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Firm Reference Number 193418). In the European Economic Area (“EEA”), information is issued by PGIM Netherlands B.V. with registered office: Gustav Mahlerlaan 1212, 1081 LA Amsterdam, The Netherlands. PGIM Netherlands B.V. is, authorised by the Autoriteit Financiële Markten (“AFM”) in the Netherlands (Registration number 15003620) and operating on the basis of a European passport. In certain EEA countries, information is, where permitted, presented by PGIM Limited in reliance of provisions, exemptions or licenses available to PGIM Limited under temporary permission arrangements following the exit of the United Kingdom from the European Union. These materials are issued by PGIM Limited and\u002For PGIM Netherlands B.V. to persons who are professional clients as defined under the rules of the FCA and\u002For to persons who are professional clients as defined in the relevant local implementation of Directive 2014\u002F65\u002FEU (MiFID II).\u003C\u002Fp\u003E\n\u003Cp\u003EIn Switzerland information is issued by PGIM Limited, London, through its Representative Office in Zurich with registered office: Kappelergasse 14, CH-8001 Zurich, Switzerland. PGIM Limited, London, Representative Office in Zurich is authorised and regulated by the Swiss Financial Market Supervisory Authority FINMA and these materials are issued to persons who are professional or institutional clients within the meaning of Art.4 para 3 and 4 FinSA in Switzerland. \u003C\u002Fp\u003E\n\u003Cp\u003EPrudential 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. PGIM, the PGIM logo and Rock design are service marks of PFI and its related entities, registered in many jurisdictions worldwide. \u003C\u002Fp\u003E\n\u003Cp\u003EThe information on this website is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. In making the information available on this website, PGIM, Inc. and its affiliates are not acting as your fiduciary. \u003C\u002Fp\u003E\n\u003Cp\u003E© 2023 Prudential Financial, Inc. and its related entities.\u003C\u002Fp\u003E\n","countryCode":"NL"},"no":{"id":"no","flagUrl":"https:\u002F\u002Fcdn.pficdn.com\u002Fcms\u002Fpgim4\u002Fsites\u002Fdefault\u002Ffiles\u002F2020-03\u002Fflag-icon-no.svg","region":"Norway","termsAndConditions":"\u003Cp\u003E\u003Cstrong\u003EFor Professional Investors only. 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These materials are issued by PGIM Limited and\u002For PGIM Netherlands B.V. to persons who are professional clients as defined under the rules of the FCA and\u002For to persons who are professional clients as defined in the relevant local implementation of Directive 2014\u002F65\u002FEU (MiFID II).\u003C\u002Fp\u003E\n\u003Cp\u003EIn Switzerland information is issued by PGIM Limited, London, through its Representative Office in Zurich with registered office: Kappelergasse 14, CH-8001 Zurich, Switzerland. PGIM Limited, London, Representative Office in Zurich is authorised and regulated by the Swiss Financial Market Supervisory Authority FINMA and these materials are issued to persons who are professional or institutional clients within the meaning of Art.4 para 3 and 4 FinSA in Switzerland. \u003C\u002Fp\u003E\n\u003Cp\u003EPrudential 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. PGIM, the PGIM logo and Rock design are service marks of PFI and its related entities, registered in many jurisdictions worldwide. \u003C\u002Fp\u003E\n\u003Cp\u003EThe information on this website is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. 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(“PGIM Singapore”), a regulated entity with the Monetary Authority of Singapore under a Capital Markets Services License to conduct fund management and an exempt financial adviser. These materials are issued by PGIM Singapore for the general information of “institutional investors” pursuant to Section 304 of the Securities and Futures Act 2001 of Singapore (the “SFA”) and “accredited investors” and other relevant persons in accordance with the conditions specified in Section 305 of the SFA.\u003C\u002Fp\u003E\n\u003Cp\u003EPrudential 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. 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PGIM Netherlands B.V. is, authorised by the Autoriteit Financiële Markten (“AFM”) in the Netherlands (Registration number 15003620) and operating on the basis of a European passport.These materials are issued by PGIM Limited and\u002For PGIM Netherlands B.V. to persons who are professional clients as defined under the rules of the FCA and\u002For to persons who are professional clients as defined in the relevant local implementation of Directive 2014\u002F65\u002FEU (MiFID II).\u003C\u002Fp\u003E\n\u003Cp\u003EIn Switzerland information is issued by PGIM Limited, London, through its Representative Office in Zurich with registered office: Kappelergasse 14, CH-8001 Zurich, Switzerland. PGIM Limited, London, Representative Office in Zurich is authorised and regulated by the Swiss Financial Market Supervisory Authority FINMA and these materials are issued to persons who are professional or institutional clients within the meaning of Art.4 para 3 and 4 FinSA in Switzerland. \u003C\u002Fp\u003E\n\u003Cp\u003EPrudential 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. PGIM, the PGIM logo and Rock design are service marks of PFI and its related entities, registered in many jurisdictions worldwide. \u003C\u002Fp\u003E\n\u003Cp\u003EThe information on this website is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. In making the information available on this website, PGIM, Inc. and its affiliates are not acting as your fiduciary. The posting of any prospectus, Key Investor Information Document, or any other information on this website is not a recommendation or opinion for you to buy or sell any product or service or participate in any transaction.\u003C\u002Fp\u003E\n\u003Cp\u003E© 2023 Prudential Financial, Inc. and its related entities.\u003C\u002Fp\u003E\n","countryCode":"ES"},"se":{"id":"se","flagUrl":"https:\u002F\u002Fcdn.pficdn.com\u002Fcms\u002Fpgim4\u002Fsites\u002Fdefault\u002Ffiles\u002F2020-03\u002Fflag-icon-se.svg","region":"Sweden","termsAndConditions":"\u003Cp\u003E\u003Cstrong\u003EFor Professional Investors only. 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PGIM Netherlands B.V. is, authorised by the Autoriteit Financiële Markten (“AFM”) in the Netherlands (Registration number 15003620) and operating on the basis of a European passport.These materials are issued by PGIM Limited and\u002For PGIM Netherlands B.V. to persons who are professional clients as defined under the rules of the FCA and\u002For to persons who are professional clients as defined in the relevant local implementation of Directive 2014\u002F65\u002FEU (MiFID II).\u003C\u002Fp\u003E\n\u003Cp\u003EIn Switzerland information is issued by PGIM Limited, London, through its Representative Office in Zurich with registered office: Kappelergasse 14, CH-8001 Zurich, Switzerland. PGIM Limited, London, Representative Office in Zurich is authorised and regulated by the Swiss Financial Market Supervisory Authority FINMA and these materials are issued to persons who are professional or institutional clients within the meaning of Art.4 para 3 and 4 FinSA in Switzerland. \u003C\u002Fp\u003E\n\u003Cp\u003EPrudential 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. PGIM, the PGIM logo and Rock design are service marks of PFI and its related entities, registered in many jurisdictions worldwide.\u003C\u002Fp\u003E\n\u003Cp\u003EThe information on this website is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. In making the information available on this website, PGIM, Inc. and its affiliates are not acting as your fiduciary.\u003C\u002Fp\u003E\n\u003Cp\u003E©2023 Prudential Financial, Inc. and its related entities.\u003C\u002Fp\u003E\n","countryCode":"SE"},"ch":{"id":"ch","flagUrl":"https:\u002F\u002Fcdn.pficdn.com\u002Fcms\u002Fpgim4\u002Fsites\u002Fdefault\u002Ffiles\u002F2020-03\u002Fflag-icon-ch.svg","region":"Switzerland","termsAndConditions":"\u003Cp\u003E\u003Cstrong\u003EFor Professional Investors only. All investments involve risk, including the possible loss of capital.\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\n\u003Cp\u003EIt is for informational and educational purposes only and should not be construed as investment advice or an offer or solicitation in respect of any products or services to any persons who are prohibited from receiving such information under the laws applicable to their place of citizenship, domicile or residence.\u003C\u002Fp\u003E\n\u003Cp\u003EPGIM, Inc. is the principal asset management business of Prudential Financial, Inc. (“PFI”) and is a registered investment advisor with the US Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training. PGIM is a trading name of PGIM, Inc. and its global subsidiaries. \u003C\u002Fp\u003E\n\u003Cp\u003EIn the United Kingdom, information is issued by PGIM Limited with registered office: Grand Buildings, 1-3 Strand, Trafalgar Square, London, WC2N 5HR. 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PGIM Limited, London, Representative Office in Zurich is authorised and regulated by the Swiss Financial Market Supervisory Authority FINMA and these materials are issued to persons who are professional or institutional clients within the meaning of Art.4 para 3 and 4 FinSA in Switzerland. \u003C\u002Fp\u003E\n\u003Cp\u003EPrudential 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. PGIM, the PGIM logo and Rock design are service marks of PFI and its related entities, registered in many jurisdictions worldwide. \u003C\u002Fp\u003E\n\u003Cp\u003EThe information on this website is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. In making the information available on this website, PGIM, Inc. and its affiliates are not acting as your fiduciary. \u003C\u002Fp\u003E\n\u003Cp\u003EThe data that PGIM collects from you may be transferred \u002F processed or stored by PGIM or any affiliates of PGIM which may be based outside Switzerland. You acknowledge that such foreign jurisdictions do not necessarily have equivalent data protection laws compared to Switzerland. By submitting your personal data, you agree to this transfer \u002F processing or storing.\u003C\u002Fp\u003E\n\u003Cp\u003E© 2023 Prudential Financial, Inc. and its related entities.\u003C\u002Fp\u003E\n","countryCode":"CH"},"gb":{"id":"gb","flagUrl":"https:\u002F\u002Fcdn.pficdn.com\u002Fcms\u002Fpgim4\u002Fsites\u002Fdefault\u002Ffiles\u002F2020-03\u002Fflag-icon-gb.svg","region":"United Kingdom","termsAndConditions":"\u003Cp\u003E\u003Cstrong\u003EFor Professional Investors only. 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In certain EEA countries, this information, where permitted, may be issued by either PGIM Private Alternatives (UK) Limited or PGIM Limited, on behalf of PGIM Private Capital (Ireland) Limited, in reliance of provisions, exemptions, or licenses available to either PGIM Private Alternatives (UK) Limited or PGIM Limited under temporary permission arrangements following the exit of the United Kingdom from the European Union.\u003C\u002Fp\u003E\n\u003Cp\u003EPGIM, Inc. has its headquarters at 655 Broad Street, Newark, NJ 07102. PGIM Private Capital (Ireland) Limited has its registered office at IDA Business Park, Letterkenny, Co. Donegal, F92 FP83, Ireland. PGIM Private Capital (Ireland) Limited is authorised and regulated by the Central Bank of Ireland and registered in Ireland under company number 635793 operating on the basis of a European passport. 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last-child-columnItem"><ui-link class="menu_link_column_link"><a class="link--anchor link--with_hover_underline" external="true" rel="noopener" href="https://www.jennison.com" aria-label="Jennison Associates" title="Jennison Associates opens in a new window" target="_blank" aria-hidden="true" tabindex="0"><span class="link--text">Jennison Associates</span></a></ui-link></li></ul></div><div class="menu_link_section menu_link_section--group-- menu_link_section--desktop"><h3 class="menu_link_column_title menu_link_column_title--desktop"> Solutions </h3><ul class="menu_link_column_list menu_link_column_list--desktop" role="list"><li class="menu_link_column_item"><ui-link class="menu_link_column_link"><a class="link--anchor link--with_hover_underline" external="true" rel="noopener" href="https://www.pgim.com/dc-solutions/" aria-label="PGIM DC Solutions" title="PGIM DC Solutions opens in a new window" target="_blank" aria-hidden="true" tabindex="0"><span class="link--text">PGIM DC 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rel="noopener" href="https://www.pgim.com/fixed-income/commentary/us-trade-policy-center-global-economic-tensions" aria-label="U.S. TRADE POLICY AT THE CENTER OF GLOBAL ECONOMIC TENSIONS" title="U.S. TRADE POLICY AT THE CENTER OF GLOBAL ECONOMIC TENSIONS opens in a new window" target="_blank" aria-hidden="false" tabindex="0"><span class="link--text">U.S. TRADE POLICY AT THE CENTER OF GLOBAL ECONOMIC TENSIONS</span></a></ui-link><header class="card--article__media" aria-hidden="true"><ui-media aspectratio="1:1"><figure class="media media--image media--small" classname="media media--image media--small" variation="small" type="image"><ui-picture class="media--picture"><section class="picture-container"><div class="picture__preload" style="padding-bottom:100%;"></div></section></ui-picture><span aria-hidden="true" class="media--icon"><ui-icon class="media--icon_icon" color="primary" name="document"><div class="icon icon--primary icon--document" classname="icon icon--primary icon--document" 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reciprocal tariffs.</p></div></article></div></ui-card></div><div class="three-up__card-wrapper"><ui-card class="three-up__card"><div class=""><article class="card--article card--article--image card--information--dark" darktext="true" size="normal" aria-label="REWRITING THE CREDIT PLAYBOOK"><ui-link class="card--article__link"><a class="link--anchor" external="true" rel="noopener" href="https://event.on24.com/wcc/r/4911898/F8903663F4CADED56123AA1041AE1229?partnerref=PGIMwebsite" aria-label="REWRITING THE CREDIT PLAYBOOK" title="REWRITING THE CREDIT PLAYBOOK opens in a new window" target="_blank" aria-hidden="false" tabindex="0"><span class="link--text">REWRITING THE CREDIT PLAYBOOK</span></a></ui-link><header class="card--article__media" aria-hidden="true"><ui-media aspectratio="1:1"><figure class="media media--image media--small" classname="media media--image media--small" variation="small" type="image"><ui-picture class="media--picture"><section class="picture-container"><div 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class="card--article__content"><ui-eyebrow class="card--article__eyebrow" variation="small"><span class="eyebrow eyebrow--small eyebrow--dark" variation="small" color="dark" storyboard="false"><ui-link class="eyebrow--item"><a class="link--anchor" external="false" title="Webinar" aria-label="Webinar" aria-hidden="false" tabindex="0" target="_self" href="/content-type/webinar"><span class="link--text">Webinar</span></a></ui-link></span></ui-eyebrow><div class="card--filter__headline"><h4 class="card--article__title">REWRITING THE CREDIT PLAYBOOK</h4><div class="card--filter__external"><ui-icon class="card--filter__external-icon"><div class="icon icon--primary icon--arrow" classname="icon icon--primary icon--arrow" data-icon-color="primary" aria-hidden="true"><svg class="svg--arrow" viewBox="0 0 12 8" xmlns="http://www.w3.org/2000/svg"><path d="M0 3.344v1.312h9.438L7.062 7.063 8 8l4-4-4-4-.938.938 2.375 2.406z" class="svg--fill" fill-rule="nonzero"></path></svg></div></ui-icon></div></div><span class="card--article__byline"><span class="card--article__date">May 1, 2025</span></span><p class="card--article__deck" tabindex="-1">How are converging credit markets creating more investment choices? Register today for the live webinar on May 1, 2025.</p></div></article></div></ui-card></div><div class="three-up__card-wrapper"><ui-card class="three-up__card"><div class=""><article class="card--article card--article--image card--information--dark" darktext="true" size="normal" aria-label="Q2 2025 Multi-Asset Outlook"><ui-link class="card--article__link"><a class="link--anchor" external="true" rel="noopener" href="https://www.pgimquantitativesolutions.com/outlook/2025-q2-multi-asset-outlook" aria-label="Q2 2025 Multi-Asset Outlook" title="Q2 2025 Multi-Asset Outlook opens in a new window" target="_blank" aria-hidden="false" tabindex="0"><span class="link--text">Q2 2025 Multi-Asset Outlook</span></a></ui-link><header class="card--article__media" aria-hidden="true"><ui-media aspectratio="1:1"><figure class="media media--image media--small" classname="media media--image media--small" variation="small" type="image"><ui-picture class="media--picture"><section 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class="card--article__content"><ui-eyebrow class="card--article__eyebrow" variation="small"><span class="eyebrow eyebrow--small eyebrow--dark" variation="small" color="dark" storyboard="false"><ui-link class="eyebrow--item"><a class="link--anchor" external="false" title="Multi-Asset" aria-label="Multi-Asset" aria-hidden="false" tabindex="0" target="_self" href="/asset-class/multi-asset"><span class="link--text">Multi-Asset</span></a></ui-link></span></ui-eyebrow><div class="card--filter__headline"><h4 class="card--article__title">Q2 2025 Multi-Asset Outlook</h4><div class="card--filter__external"><ui-icon class="card--filter__external-icon"><div class="icon icon--primary icon--arrow" classname="icon icon--primary icon--arrow" data-icon-color="primary" aria-hidden="true"><svg class="svg--arrow" viewBox="0 0 12 8" xmlns="http://www.w3.org/2000/svg"><path d="M0 3.344v1.312h9.438L7.062 7.063 8 8l4-4-4-4-.938.938 2.375 2.406z" class="svg--fill" fill-rule="nonzero"></path></svg></div></ui-icon></div></div><span class="card--article__byline"><span class="card--article__date">Mar 27, 2025</span></span><p class="card--article__deck" tabindex="-1">The second Trump administration has hit the ground running with a slew of measures designed to shake up both policy and the US economy.</p></div></article></div></ui-card></div></div></div></div></div></ui-layout-one-col></section></ui-three-up></div></ui-hero-landing-2023><div _ngcontent-sc12="" class="page_hub--content" id="main_content"><ui-layout-one-col _ngcontent-sc12="" aria-hidden="true" class="desktop-white-bar"><div class="layout layout--default layout-one-col layout-one-col--default"><div class="layout--main layout-one-col--main" style=""></div></div></ui-layout-one-col><pgim-module-renderer _ngcontent-sc3="" _nghost-sc9="" class="module module--three-up" name="three-up" single-select-open="false"><div _ngcontent-sc9=""><pgim-three-up _ngcontent-sc9="" 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0-1-.203-1.407-.61-.406-.406-.609-.874-.609-1.406v-12c0-.53.203-.992.61-1.382.406-.391.874-.586 1.406-.586h12zM2.064 4v14.016H16.08v1.968H2.064c-.53 0-.992-.195-1.382-.586a1.891 1.891 0 0 1-.586-1.382V4h1.968z" class="svg--fill" fill-rule="nonzero"></path></svg></div></ui-icon></span></figure></ui-media></header><div class="card--article__content"><ui-eyebrow class="card--article__eyebrow" variation="small"><span class="eyebrow eyebrow--small eyebrow--dark" variation="small" color="dark" storyboard="false"><ui-link class="eyebrow--item"><a class="link--anchor" external="false" title="Quick Take" aria-label="Quick Take" aria-hidden="false" tabindex="0" target="_self" href="/series/quick-take"><span class="link--text">Quick Take</span></a></ui-link></span></ui-eyebrow><div class="card--filter__headline"><h4 class="card--article__title">Germany Releases Fiscal Brakes: A Strategic Shift</h4></div><span class="card--article__byline"><span class="card--article__date">Mar 24, 2025</span></span><p class="card--article__deck" tabindex="-1">Germany’s decision to relax its borrowing limits signals a seismic shift in its economic strategy, unlocking over €1 trillion in potential spending.</p></div></article></div></ui-card></div><div class="three-up__card-wrapper"><ui-card class="three-up__card"><div class=""><article class="card--article card--article--image card--information--dark" darktext="true" size="normal" aria-label="Policy Flux: How Uncertainty is Shaping Markets and Confidence"><ui-link class="card--article__link"><a class="link--anchor" external="true" rel="noopener" href="https://www.pgimquantitativesolutions.com/article/policy-flux-how-uncertainty-shaping-markets-and-confidence" aria-label="Policy Flux: How Uncertainty is Shaping Markets and Confidence" title="Policy Flux: How Uncertainty is Shaping Markets and Confidence opens in a new window" target="_blank" aria-hidden="false" tabindex="0"><span class="link--text">Policy Flux: How Uncertainty is Shaping Markets and Confidence</span></a></ui-link><header class="card--article__media" aria-hidden="true"><ui-media aspectratio="1:1"><figure class="media media--image media--small" classname="media media--image media--small" variation="small" type="image"><ui-picture class="media--picture"><section class="picture-container"><div class="picture__preload" style="padding-bottom:100%;"></div></section></ui-picture><span aria-hidden="true" class="media--icon"><ui-icon class="media--icon_icon" color="primary" name="document"><div class="icon icon--primary icon--document" classname="icon icon--primary icon--document" data-icon-color="primary" aria-hidden="true"><svg class="svg--document" viewBox="0 0 21 20" xmlns="http://www.w3.org/2000/svg"><path d="M17.064 4.984V3.016H7.08v1.968h9.984zM13.08 13v-2.016h-6V13h6zm3.984-3.984V7H7.08v2.016h9.984zm1.032-9c.53 0 .992.195 1.382.586.391.39.586.851.586 1.382v12c0 .532-.195 1-.586 1.407-.39.406-.851.609-1.382.609h-12c-.532 0-1-.203-1.407-.61-.406-.406-.609-.874-.609-1.406v-12c0-.53.203-.992.61-1.382.406-.391.874-.586 1.406-.586h12zM2.064 4v14.016H16.08v1.968H2.064c-.53 0-.992-.195-1.382-.586a1.891 1.891 0 0 1-.586-1.382V4h1.968z" class="svg--fill" fill-rule="nonzero"></path></svg></div></ui-icon></span></figure></ui-media></header><div class="card--article__content"><ui-eyebrow class="card--article__eyebrow" variation="small"><span class="eyebrow eyebrow--small eyebrow--dark" variation="small" color="dark" storyboard="false"><ui-link class="eyebrow--item"><a class="link--anchor" external="false" title="Multi-Asset" aria-label="Multi-Asset" aria-hidden="false" tabindex="0" target="_self" href="/asset-class/multi-asset"><span class="link--text">Multi-Asset</span></a></ui-link></span></ui-eyebrow><div class="card--filter__headline"><h4 class="card--article__title">Policy Flux: How Uncertainty is Shaping Markets and Confidence</h4><div class="card--filter__external"><ui-icon class="card--filter__external-icon"><div class="icon icon--primary icon--arrow" classname="icon icon--primary icon--arrow" data-icon-color="primary" aria-hidden="true"><svg class="svg--arrow" viewBox="0 0 12 8" xmlns="http://www.w3.org/2000/svg"><path d="M0 3.344v1.312h9.438L7.062 7.063 8 8l4-4-4-4-.938.938 2.375 2.406z" class="svg--fill" fill-rule="nonzero"></path></svg></div></ui-icon></div></div><span class="card--article__byline"><span class="card--article__date">Mar 14, 2025</span></span><p class="card--article__deck" tabindex="-1">Markets can tolerate risk, but they struggle with uncertainty – and today’s environment is brimming with it.</p></div></article></div></ui-card></div><div class="three-up__card-wrapper"><ui-card class="three-up__card"><div class=""><article class="card--article card--article--image card--information--dark" darktext="true" size="normal" aria-label="2025 Best Ideas: Case Studies"><ui-link class="card--article__link"><a class="link--anchor" external="false" title="2025 Best Ideas: Case Studies" aria-label="2025 Best Ideas: Case Studies" aria-hidden="false" tabindex="0" target="_self" href="/annual-best-ideas/2025/case-studies"><span class="link--text">2025 Best Ideas: Case Studies</span></a></ui-link><header class="card--article__media" aria-hidden="true"><ui-media aspectratio="1:1"><figure class="media media--image media--small" classname="media media--image media--small" variation="small" type="image"><ui-picture class="media--picture"><section class="picture-container"><div class="picture__preload" style="padding-bottom:100%;"></div></section></ui-picture><span aria-hidden="true" class="media--icon"><ui-icon class="media--icon_icon" color="primary" name="document"><div class="icon icon--primary icon--document" classname="icon icon--primary icon--document" data-icon-color="primary" aria-hidden="true"><svg class="svg--document" viewBox="0 0 21 20" xmlns="http://www.w3.org/2000/svg"><path d="M17.064 4.984V3.016H7.08v1.968h9.984zM13.08 13v-2.016h-6V13h6zm3.984-3.984V7H7.08v2.016h9.984zm1.032-9c.53 0 .992.195 1.382.586.391.39.586.851.586 1.382v12c0 .532-.195 1-.586 1.407-.39.406-.851.609-1.382.609h-12c-.532 0-1-.203-1.407-.61-.406-.406-.609-.874-.609-1.406v-12c0-.53.203-.992.61-1.382.406-.391.874-.586 1.406-.586h12zM2.064 4v14.016H16.08v1.968H2.064c-.53 0-.992-.195-1.382-.586a1.891 1.891 0 0 1-.586-1.382V4h1.968z" class="svg--fill" fill-rule="nonzero"></path></svg></div></ui-icon></span></figure></ui-media></header><div class="card--article__content"><div class="card--filter__headline"><h4 class="card--article__title">2025 Best Ideas: Case Studies</h4></div><span class="card--article__byline"></span><p class="card--article__deck" tabindex="-1">PGIM canvassed our affiliates to offer real-world examples of how our solutions helped clients solve unique portfolio challenges.</p></div></article></div></ui-card></div></div></div></div></div></ui-layout-one-col></section></ui-three-up></pgim-three-up></div></pgim-module-renderer><pgim-module-renderer _ngcontent-sc3="" _nghost-sc9="" class="module module--embed-ceros" name="embed-ceros" single-select-open="false"><ui-module-renderer _ngcontent-sc9="" _nghost-sc35="" class="module module--embed-ceros module--" id="" name="embed-ceros"><ui-embed-ceros _nghost-sc111=""><ui-layout-one-col _ngcontent-sc111="" class="ceros__no-spacing-top" id="undefined"><div class="layout layout--default layout-one-col layout-one-col--default"><div class="layout--main layout-one-col--main" style=""><div _ngcontent-sc111="" class="wrapper"><div style="position: relative;width: auto;padding: 0 0 74.84%;height: 0;top: 0;left: 0;bottom: 0;right: 0;margin: 0;border: 0 none" id="experience-66ecc751e49af" data-aspectratio="1.33611691" data-mobile-aspectratio="0.28022833"><iframe allowfullscreen="" src="https://view.ceros.com/pgim/podcast-promo-1-1-4?heightOverride=958&mobileHeightOverride=1927" style="position: absolute;top: 0;left: 0;bottom: 0;right: 0;margin: 0;padding: 0;border: 0 none;height: 1px;width: 1px;min-height: 100%;min-width: 100%" frameborder="0" class="ceros-experience" title="Podcast-Promo-2024" scrolling="no"></iframe></div></div></div></div></ui-layout-one-col></ui-embed-ceros></ui-module-renderer></pgim-module-renderer><pgim-module-renderer _ngcontent-sc3="" _nghost-sc9="" class="module module--three-quick-stats" name="three-quick-stats" single-select-open="false"><ui-module-renderer _ngcontent-sc9="" _nghost-sc35="" class="module module--three-quick-stats module--" id="a-leading-global-asset-manager" name="three-quick-stats"><ui-three-quick-stats _nghost-sc107=""><section _ngcontent-sc107="" class="three-quick-stats three-quick-stats__bg-white" classname="three-quick-stats three-quick-stats__bg-white" id="undefined"><ui-layout-one-col _ngcontent-sc107=""><div class="layout layout--default layout-one-col layout-one-col--default"><div class="layout--main layout-one-col--main" style=""><div _ngcontent-sc107="" class="three-quick-stats__content"><h2 _ngcontent-sc107="" class="three-quick-stats__title three-quick-stats__title-white" classname="three-quick-stats__title three-quick-stats__title-white" aria-label="A Leading Global Asset Manager*">A Leading Global Asset Manager*</h2><ul _ngcontent-sc107="" role="list" class="three-quick-stats__list three-quick-stats__list-white" classname="three-quick-stats__list three-quick-stats__list-white"><li _ngcontent-sc107="" role="listitem"><h3 _ngcontent-sc107="" class="three-quick-stats__stat three-quick-stats__stat-white" classname="three-quick-stats__stat three-quick-stats__stat-white">$1.38T</h3><div _ngcontent-sc107="" class="three-quick-stats__descriptionBox"><div _ngcontent-sc107="" class="three-quick-stats__description three-quick-stats__description-white noCursor" classname="three-quick-stats__description three-quick-stats__description-white noCursor"> Total assets under management </div></div></li><li _ngcontent-sc107="" role="listitem"><h3 _ngcontent-sc107="" class="three-quick-stats__stat three-quick-stats__stat-white" classname="three-quick-stats__stat three-quick-stats__stat-white">158</h3><div _ngcontent-sc107="" class="three-quick-stats__descriptionBox"><button _ngcontent-sc107="" class="three-quick-stats__description three-quick-stats__description-white" id="InfoButton17437885902291" aria-controls="InfoText17437885902291" tabindex="0" aria-label="Of the largest 300 global pension funds are clients tooltip."> Of the largest 300 global pension funds are clients <img _ngcontent-sc107="" alt="Info Icon" class="three-quick-stats__infoIcon" src="https://cdn.pficdn.com/pru-angular-foundational/2.91.242/assets/images/pgim/InfoIcon_Ascent.svg"></button></div></li><li _ngcontent-sc107="" role="listitem"><h3 _ngcontent-sc107="" class="three-quick-stats__stat three-quick-stats__stat-white" classname="three-quick-stats__stat three-quick-stats__stat-white">200+</h3><div _ngcontent-sc107="" class="three-quick-stats__descriptionBox"><div _ngcontent-sc107="" class="three-quick-stats__description three-quick-stats__description-white noCursor" classname="three-quick-stats__description three-quick-stats__description-white noCursor"> Clients with relationships lasting 20+ years </div></div></li></ul></div></div></div></ui-layout-one-col></section></ui-three-quick-stats></ui-module-renderer></pgim-module-renderer><pgim-module-renderer _ngcontent-sc3="" _nghost-sc9="" class="module module--preview-grid" name="preview-grid" single-select-open="false"><div _ngcontent-sc9=""><pgim-preview-grid _ngcontent-sc9="" _nghost-sc39="" class="module module--preview-grid" id="our-unique-multi-affiliate-model"><ui-preview-grid _ngcontent-sc39="" _nghost-sc135=""><section _ngcontent-sc135="" class="preview-grid" id="our-businesses"><ui-layout-one-col _ngcontent-sc135=""><div class="layout layout--default layout-one-col layout-one-col--default"><div class="layout--main layout-one-col--main" style=""><div _ngcontent-sc135="" class="preview-grid--container"><div _ngcontent-sc135="" class="preview-grid--body"><h2 _ngcontent-sc135="" class="preview-grid--title">Our unique multi-affiliate model</h2><div _ngcontent-sc135="" class="preview-grid--content"><p _ngcontent-sc135="">PGIM’s affiliates deliver specialized expertise across public and private asset classes, including fixed income, equities, real estate, private credit, and other alternatives.</p><ui-button _ngcontent-sc135="" class="preview-grid--cta" icon="arrow"><ui-link><a class="link--anchor" external="false" title="PGIM overview about Our unique multi-affiliate model" aria-label="PGIM overview about Our unique multi-affiliate model" aria-hidden="false" tabindex="0" target="_self" href="/overview"><span class="link--text"><div class="button button--accent button--large" size="large" theme="accent" full-width="false" animation-enabled="true"><span class="button--text">PGIM overview</span><ui-icon aria-hidden="true" class="button--icon" icon-size="small"><div class="icon icon--primary icon--arrow" classname="icon icon--primary icon--arrow" data-icon-color="primary" aria-hidden="true"><svg class="svg--arrow" viewBox="0 0 12 8" xmlns="http://www.w3.org/2000/svg"><path d="M0 3.344v1.312h9.438L7.062 7.063 8 8l4-4-4-4-.938.938 2.375 2.406z" class="svg--fill" fill-rule="nonzero"></path></svg></div></ui-icon></div></span></a></ui-link></ui-button></div></div><div _ngcontent-sc135="" class="preview-grid--cards"><div _ngcontent-sc135="" class="preview-grid--cards--container"><ui-card _ngcontent-sc135="" class="preview-grid--card"><div class=""><article class="card--previewGrid" variation="is-homepage" name="business" aria-label="Jennison Associates"><ui-button buttontype="button" class="card--previewGrid__button" icon="arrow"><button class="button button--accent button--large" type="button" size="large" theme="accent" full-width="false" animation-enabled="true"><span class="button--text">Jennison Associates</span><ui-icon aria-hidden="true" class="button--icon button--icon--small" icon-size="small"><div class="icon icon--primary icon--arrow" classname="icon icon--primary icon--arrow" data-icon-color="primary" aria-hidden="true"><svg class="svg--arrow" viewBox="0 0 12 8" xmlns="http://www.w3.org/2000/svg"><path d="M0 3.344v1.312h9.438L7.062 7.063 8 8l4-4-4-4-.938.938 2.375 2.406z" class="svg--fill" fill-rule="nonzero"></path></svg></div></ui-icon></button></ui-button><ui-picture aria-hidden="true" class="card--previewGrid__background"><section class="picture-container"><div class="picture__preload" style=""></div></section></ui-picture><div class="card--previewGrid__content"><h3 class="card--previewGrid__title">Jennison Associates</h3><div class="card--previewGrid__subtitleBox"><button class="card--previewGrid__subtitle" id="InfoButton17437885902320" aria-controls="InfoText17437885902320" tabindex="0" aria-label="USD 211B tooltip.">USD 211B <img alt="Info Icon" src="https://cdn.pficdn.com/pru-angular-foundational/2.91.242/assets/images/pgim/InfoIcon_White.svg"></button></div><span class="card--previewGrid__date">1969</span><div class="card--previewGrid__box"><p>A fundamental active equity and fixed income manager.</p><div class="card--previewGrid__cta"><ui-button buttontype="button" class="card--previewGrid__btn" size="small"><ui-link><a class="link--anchor" external="true" rel="noopener" href="http://www.jennison.com" aria-label="Visit Site about Jennison Associates" title="Visit Site about Jennison Associates opens in a new window" target="_blank" aria-hidden="false" tabindex="0"><span class="link--text"><div class="button button--accent button--small" size="small" theme="accent" full-width="false" animation-enabled="true"><span class="button--text">Visit Site</span><ui-icon aria-hidden="true" class="button--icon" icon-size="small"><div class="icon icon--primary icon--launch" classname="icon icon--primary icon--launch" data-icon-color="primary" aria-hidden="true"><svg class="svg--launch" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path class="svg--fill" d="M19 19H5V5h7V3H5c-1.11 0-2 .9-2 2v14c0 1.1.89 2 2 2h14c1.1 0 2-.9 2-2v-7h-2v7zM14 3v2h3.59l-9.83 9.83 1.41 1.41L19 6.41V10h2V3h-7z"></path></svg></div></ui-icon></div></span></a></ui-link></ui-button></div></div></div></article></div></ui-card><ui-card _ngcontent-sc135="" class="preview-grid--card"><div class=""><article class="card--previewGrid" variation="is-homepage" name="business" aria-label="PGIM Quantitative Solutions"><ui-button buttontype="button" class="card--previewGrid__button" icon="arrow"><button class="button button--accent button--large" type="button" size="large" theme="accent" full-width="false" animation-enabled="true"><span class="button--text">PGIM Quantitative Solutions</span><ui-icon aria-hidden="true" class="button--icon button--icon--small" icon-size="small"><div class="icon icon--primary icon--arrow" classname="icon icon--primary icon--arrow" data-icon-color="primary" aria-hidden="true"><svg class="svg--arrow" viewBox="0 0 12 8" xmlns="http://www.w3.org/2000/svg"><path d="M0 3.344v1.312h9.438L7.062 7.063 8 8l4-4-4-4-.938.938 2.375 2.406z" class="svg--fill" fill-rule="nonzero"></path></svg></div></ui-icon></button></ui-button><ui-picture aria-hidden="true" class="card--previewGrid__background"><section class="picture-container"><div class="picture__preload" style=""></div></section></ui-picture><div class="card--previewGrid__content"><h3 class="card--previewGrid__title">PGIM Quantitative Solutions</h3><div class="card--previewGrid__subtitleBox"><button class="card--previewGrid__subtitle" id="InfoButton17437885902321" aria-controls="InfoText17437885902321" tabindex="0" aria-label="USD 111B tooltip.">USD 111B <img alt="Info Icon" src="https://cdn.pficdn.com/pru-angular-foundational/2.91.242/assets/images/pgim/InfoIcon_White.svg"></button></div><span class="card--previewGrid__date">1975</span><div class="card--previewGrid__box"><p>Innovative multi-factor solutions to complex investment problems since 1975.</p><div class="card--previewGrid__cta"><ui-button buttontype="button" class="card--previewGrid__btn" size="small"><ui-link><a class="link--anchor" external="true" rel="noopener" href="https://www.pgimquantitativesolutions.com" aria-label="Visit Site about PGIM Quantitative Solutions" title="Visit Site about PGIM Quantitative Solutions opens in a new window" target="_blank" aria-hidden="false" tabindex="0"><span class="link--text"><div class="button button--accent button--small" size="small" theme="accent" full-width="false" animation-enabled="true"><span class="button--text">Visit Site</span><ui-icon aria-hidden="true" class="button--icon" icon-size="small"><div class="icon icon--primary icon--launch" classname="icon icon--primary icon--launch" data-icon-color="primary" aria-hidden="true"><svg class="svg--launch" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path class="svg--fill" d="M19 19H5V5h7V3H5c-1.11 0-2 .9-2 2v14c0 1.1.89 2 2 2h14c1.1 0 2-.9 2-2v-7h-2v7zM14 3v2h3.59l-9.83 9.83 1.41 1.41L19 6.41V10h2V3h-7z"></path></svg></div></ui-icon></div></span></a></ui-link></ui-button></div></div></div></article></div></ui-card><ui-card _ngcontent-sc135="" class="preview-grid--card"><div class=""><article class="card--previewGrid" variation="is-homepage" name="business" aria-label="PGIM Fixed Income"><ui-button buttontype="button" class="card--previewGrid__button" icon="arrow"><button class="button button--accent button--large" type="button" size="large" theme="accent" full-width="false" animation-enabled="true"><span class="button--text">PGIM Fixed Income</span><ui-icon aria-hidden="true" class="button--icon button--icon--small" icon-size="small"><div class="icon icon--primary icon--arrow" classname="icon icon--primary icon--arrow" data-icon-color="primary" aria-hidden="true"><svg class="svg--arrow" viewBox="0 0 12 8" xmlns="http://www.w3.org/2000/svg"><path d="M0 3.344v1.312h9.438L7.062 7.063 8 8l4-4-4-4-.938.938 2.375 2.406z" class="svg--fill" fill-rule="nonzero"></path></svg></div></ui-icon></button></ui-button><ui-picture aria-hidden="true" class="card--previewGrid__background"><section class="picture-container"><div class="picture__preload" style=""></div></section></ui-picture><div class="card--previewGrid__content"><h3 class="card--previewGrid__title">PGIM Fixed Income</h3><div class="card--previewGrid__subtitleBox"><button class="card--previewGrid__subtitle" id="InfoButton17437885902322" aria-controls="InfoText17437885902322" tabindex="0" aria-label="USD 837B tooltip.">USD 837B <img alt="Info Icon" src="https://cdn.pficdn.com/pru-angular-foundational/2.91.242/assets/images/pgim/InfoIcon_White.svg"></button></div><span class="card--previewGrid__date">1928</span><div class="card--previewGrid__box"><p>A provider of global fixed income solutions.</p><div class="card--previewGrid__cta"><ui-button buttontype="button" class="card--previewGrid__btn" size="small"><ui-link><a class="link--anchor" external="true" rel="noopener" href="http://www.pgimfixedincome.com" aria-label="Visit Site about PGIM Fixed Income" title="Visit Site about PGIM Fixed Income opens in a new window" target="_blank" aria-hidden="false" tabindex="0"><span class="link--text"><div class="button button--accent button--small" size="small" theme="accent" full-width="false" animation-enabled="true"><span class="button--text">Visit Site</span><ui-icon aria-hidden="true" class="button--icon" icon-size="small"><div class="icon icon--primary icon--launch" classname="icon icon--primary icon--launch" data-icon-color="primary" aria-hidden="true"><svg class="svg--launch" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path class="svg--fill" d="M19 19H5V5h7V3H5c-1.11 0-2 .9-2 2v14c0 1.1.89 2 2 2h14c1.1 0 2-.9 2-2v-7h-2v7zM14 3v2h3.59l-9.83 9.83 1.41 1.41L19 6.41V10h2V3h-7z"></path></svg></div></ui-icon></div></span></a></ui-link></ui-button></div></div></div></article></div></ui-card><ui-card _ngcontent-sc135="" class="preview-grid--card"><div class=""><article class="card--previewGrid" variation="is-homepage" name="business" aria-label="PGIM Investments"><ui-button buttontype="button" class="card--previewGrid__button" icon="arrow"><button class="button button--accent button--large" type="button" size="large" theme="accent" full-width="false" animation-enabled="true"><span class="button--text">PGIM Investments</span><ui-icon aria-hidden="true" class="button--icon button--icon--small" icon-size="small"><div class="icon icon--primary icon--arrow" classname="icon icon--primary icon--arrow" data-icon-color="primary" aria-hidden="true"><svg class="svg--arrow" viewBox="0 0 12 8" xmlns="http://www.w3.org/2000/svg"><path d="M0 3.344v1.312h9.438L7.062 7.063 8 8l4-4-4-4-.938.938 2.375 2.406z" class="svg--fill" fill-rule="nonzero"></path></svg></div></ui-icon></button></ui-button><ui-picture aria-hidden="true" class="card--previewGrid__background"><section class="picture-container"><div class="picture__preload" style=""></div></section></ui-picture><div class="card--previewGrid__content"><h3 class="card--previewGrid__title">PGIM Investments</h3><div class="card--previewGrid__subtitleBox"><button class="card--previewGrid__subtitle" id="InfoButton17437885902333" aria-controls="InfoText17437885902333" tabindex="0" aria-label="USD 195B tooltip.">USD 195B <img alt="Info Icon" src="https://cdn.pficdn.com/pru-angular-foundational/2.91.242/assets/images/pgim/InfoIcon_White.svg"></button></div><span class="card--previewGrid__date">1987</span><div class="card--previewGrid__box"><p>A provider of actively managed investments including mutual funds, ETFs, and UCITs.</p><div class="card--previewGrid__cta"><ui-button 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class="card--previewGrid__title">PGIM Multi-Asset Solutions</h3><div class="card--previewGrid__subtitleBox"><div class="card--previewGrid__subtitle"> USD 20B </div></div><span class="card--previewGrid__date">2022</span><div class="card--previewGrid__box"><p>Providing integrated solutions across public and private markets with portfolio strategy and asset allocation expertise.</p><div class="card--previewGrid__cta"><ui-button buttontype="button" class="card--previewGrid__btn" size="small"><ui-link><a class="link--anchor" external="true" rel="noopener" href="http://www.pgim.com/multi-asset-solutions" aria-label="Visit site about PGIM Multi-Asset Solutions" title="Visit site about PGIM Multi-Asset Solutions opens in a new window" target="_blank" aria-hidden="false" tabindex="0"><span class="link--text"><div class="button button--accent button--small" size="small" theme="accent" full-width="false" animation-enabled="true"><span class="button--text">Visit site</span><ui-icon 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class="three-up__card"><div class=""><article class="card--article card--article--image card--information--dark" darktext="true" size="normal" aria-label="Montana Capital Partners announces landmark deal with Prudential Financial, Inc."><ui-link class="card--article__link"><a class="link--anchor" external="false" title="Montana Capital Partners announces landmark deal with Prudential Financial, Inc." aria-label="Montana Capital Partners announces landmark deal with Prudential Financial, Inc." aria-hidden="false" tabindex="0" target="_self" href="/press-release/montana-capital-partners-announces-landmark-deal-prudential-financial-inc"><span class="link--text">Montana Capital Partners announces landmark deal with Prudential Financial, Inc.</span></a></ui-link><header class="card--article__media" aria-hidden="true"><ui-media aspectratio="1:1"><figure class="media media--image media--small" classname="media media--image media--small" variation="small" type="image"><ui-picture 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Inc.</p></div></article></div></ui-card></div><div class="three-up__card-wrapper"><ui-card class="three-up__card"><div class=""><article class="card--article card--article--image card--information--dark" darktext="true" size="normal" aria-label="PGIM Real Estate raises $2B for final close of Global Data Center Fund "><ui-link class="card--article__link"><a class="link--anchor" external="false" title="PGIM Real Estate raises $2B for final close of Global Data Center Fund " aria-label="PGIM Real Estate raises $2B for final close of Global Data Center Fund " aria-hidden="false" tabindex="0" target="_self" href="/press-release/pgim-real-estate-raises-2b-final-close-global-data-center-fund"><span class="link--text">PGIM Real Estate raises $2B for final close of Global Data Center Fund </span></a></ui-link><header class="card--article__media" aria-hidden="true"><ui-media aspectratio="1:1"><figure class="media media--image media--small" classname="media media--image media--small" 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sector.</p></div></article></div></ui-card></div><div class="three-up__card-wrapper"><ui-card class="three-up__card"><div class=""><article class="card--article card--article--image card--information--dark" darktext="true" size="normal" aria-label="PGIM Fixed Income hires Oliver Nisenson as head of Asset-Based Finance"><ui-link class="card--article__link"><a class="link--anchor" external="false" title="PGIM Fixed Income hires Oliver Nisenson as head of Asset-Based Finance" aria-label="PGIM Fixed Income hires Oliver Nisenson as head of Asset-Based Finance" aria-hidden="false" tabindex="0" target="_self" href="/press-release/pgim-fixed-income-hires-oliver-nisenson-head-asset-based-finance"><span class="link--text">PGIM Fixed Income hires Oliver Nisenson as head of Asset-Based Finance</span></a></ui-link><header class="card--article__media" aria-hidden="true"><ui-media aspectratio="1:1"><figure class="media media--image media--small" classname="media media--image media--small" 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required="" class="ng-untouched ng-pristine ng-invalid"><div _ngcontent-sc119="" class="textbox"><input _ngcontent-sc119="" autocomplete="on" class="textbox--field textbox--field--text ng-untouched ng-pristine ng-invalid" value="" type="text" maxlength="30" id="firstName-1743788590261" required="true" aria-required="true" has-value="false" aria-label="First Name" title="First Name" aria-invalid="false" aria-describedby="firstName-1743788590261"><label _ngcontent-sc119="" class="textbox--label" for="firstName-1743788590261" aria-hidden="true"> First Name <span _ngcontent-sc119="" aria-hidden="true">*</span></label></div></ui-textbox></div><div _ngcontent-sc118="" class="form-builder--field form-builder--field--text form-builder--field--one form-builder--field--newsletter" classname="form-builder--field form-builder--field--text form-builder--field--one form-builder--field--newsletter" variation="text" column="one"><ui-textbox _ngcontent-sc118="" _nghost-sc119="" type="text" required="" class="ng-untouched ng-pristine ng-invalid"><div _ngcontent-sc119="" class="textbox"><input _ngcontent-sc119="" autocomplete="on" class="textbox--field textbox--field--text ng-untouched ng-pristine ng-invalid" value="" type="text" maxlength="30" id="lastName-1743788590261" required="true" aria-required="true" has-value="false" aria-label="Last Name" title="Last Name" aria-invalid="false" aria-describedby="lastName-1743788590261"><label _ngcontent-sc119="" class="textbox--label" for="lastName-1743788590261" aria-hidden="true"> Last Name <span _ngcontent-sc119="" aria-hidden="true">*</span></label></div></ui-textbox></div><div _ngcontent-sc118="" class="form-builder--field form-builder--field--email form-builder--field--one form-builder--field--newsletter" classname="form-builder--field form-builder--field--email form-builder--field--one form-builder--field--newsletter" variation="email" column="one"><ui-textbox _ngcontent-sc118="" _nghost-sc119="" type="email" required="" 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All Assets Under Management are net unless otherwise noted.<br> Alpha indicates the performance, positive or negative, of an investment when compared against an appropriate standard, typically a group of investments known as a market index.</p> <p>*PGIM is the investment management business of Prudential Financial, Inc. (PFI). PFI is the 12th largest investment manager (out of 411 firms surveyed) in terms of worldwide institutional assets under management based on Pensions & Investments’ Top Money Managers list published June 2024. This ranking represents institutional client assets under management by PFI as of December 31, 2023. 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class="footer__nav"><ul _ngcontent-sc27="" class="footer__category" role="list"><li _ngcontent-sc27=""><h3 _ngcontent-sc27="" class="footer__category__name">Insights</h3><ul _ngcontent-sc27="" class="footer__category__links"><li _ngcontent-sc27=""><ui-link _ngcontent-sc27=""><a class="link--anchor link--with_hover_underline" external="false" title="Megatrends" aria-label="Megatrends" aria-hidden="false" tabindex="0" target="_self" href="/megatrends"><span class="link--text">Megatrends</span></a></ui-link></li><li _ngcontent-sc27=""><ui-link _ngcontent-sc27=""><a class="link--anchor link--with_hover_underline" external="false" title="Annual Best Ideas" aria-label="Annual Best Ideas" aria-hidden="false" tabindex="0" target="_self" href="/annual-best-ideas/2025"><span class="link--text">Annual Best Ideas</span></a></ui-link></li><li _ngcontent-sc27=""><ui-link _ngcontent-sc27=""><a class="link--anchor link--with_hover_underline" external="false" title="OutFront Series" 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class="link--text">PGIM DC Solutions</span></a></ui-link></li><li _ngcontent-sc27=""><ui-link _ngcontent-sc27=""><a class="link--anchor link--with_hover_underline" external="true" rel="noopener" href="https://www.pgim.com/fixed-income" aria-label="PGIM Fixed Income" title="PGIM Fixed Income opens in a new window" target="_blank" aria-hidden="false" tabindex="0"><span class="link--text">PGIM Fixed Income</span></a></ui-link></li><li _ngcontent-sc27=""><ui-link _ngcontent-sc27=""><a class="link--anchor link--with_hover_underline" external="true" rel="noopener" href="https://www.pgim.com/pi-paths" aria-label="PGIM Investments" title="PGIM Investments opens in a new window" target="_blank" aria-hidden="false" tabindex="0"><span class="link--text">PGIM Investments</span></a></ui-link></li><li _ngcontent-sc27=""><ui-link _ngcontent-sc27=""><a class="link--anchor link--with_hover_underline" external="true" rel="noopener" href="https://www.pgim.com/multi-asset-solutions" aria-label="PGIM 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All investments involve risk, including the possible loss of capital.</strong></p> <p>This material is for informational and educational purposes only and should not be construed as investment advice or an offer or solicitation in respect of any products or services to any persons who are prohibited from receiving such information under the laws applicable to their place of citizenship, domicile or residence. PGIM is the principal asset management business of Prudential Financial, Inc. and a trading name of PGIM, Inc. and its global subsidiaries. PGIM, Inc. is a registered investment adviser with the U.S. Securities and Exchange Commission (“SEC”). Registration with the SEC does not imply a certain level of skill or training.</p> <p>The information on this website is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. In making the information available on this website, PGIM, Inc. and its affiliates are not acting as your fiduciary.    </p> <p>In the United Kingdom this information may be issued by PGIM, Inc., PGIM Private Alternatives (UK) Limited, PGIM Limited or PGIM Private Capital Limited, on behalf of PGIM Private Capital (Ireland) Limited.  In the European Economic Area (“EEA”), this information may be issued by PGIM Private Capital (Ireland) Limited or PGIM Luxembourg S.A., acting through its Netherlands Branch, or PGIM Real Estate Germany AG, on behalf of PGIM Private Capital (Ireland) Limited. In certain EEA countries, this information, where permitted, may be issued by either PGIM Private Alternatives (UK) Limited or PGIM Limited, on behalf of PGIM Private Capital (Ireland) Limited, in reliance of provisions, exemptions, or licenses available to either PGIM Private Alternatives (UK) Limited or PGIM Limited under temporary permission arrangements following the exit of the United Kingdom from the European Union.</p> <p>PGIM, Inc. has its headquarters at 655 Broad Street, Newark, NJ 07102. PGIM Private Capital (Ireland) Limited has its registered office at IDA Business Park, Letterkenny, Co. Donegal, F92 FP83, Ireland. PGIM Private Capital (Ireland) Limited is authorised and regulated by the Central Bank of Ireland and registered in Ireland under company number 635793 operating on the basis of a European passport. PGIM Limited and PGIM Private Alternatives (UK) Limited have their registered offices at Grand Buildings, 1-3 Strand, Trafalgar Square, London WC2N 5HR. PGIM Limited is authorised and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Firm Reference Number: 193418). PGIM Private Alternatives (UK) Limited is authorised and regulated by the FCA of the United Kingdom (Firm Reference Number: 181389). PGIM Private Capital Limited has its registered address at 1 London Bridge, London SE1 9BG and is authorised and regulated by the FCA of the United Kingdom (Firm Reference Number: 172071). PGIM Luxembourg S.A., Netherlands Branch is registered with the Netherlands Chamber of Commerce under number 85998877 and has its local offices at Gustav Mahlerlaan 1212, 1088LA Amsterdam, The Netherlands. PGIM Luxembourg S.A. has its registered address at 2 Boulevard de la Foire, L-1528 Luxembourg and is authorised and regulated by the Commission de Surveillance du Secteur Financier (“CSSF”) in Luxembourg (registration number A00001218). PGIM Real Estate Germany AG has its registered address at Wittelsbacher Platz 1, 80333 Munchen, Germany and is authorised and regulated by Bundesanstalt für Finanzdienstleistungsaufsicht (“BaFin”) in Germany (registration number 10138142).</p> <p>In Japan, information is provided by PGIM Japan Co., Ltd. (“PGIM Japan”) and/or PGIM Real Estate (Japan) Ltd. (“PGIMREJ”).  PGIM Japan, a registered Financial Instruments Business Operator with the Financial Services Agency of Japan offers various investment management services in Japan.  PGIMREJ is a Japanese real estate asset manager that is registered with the Kanto Local Finance Bureau of Japan.</p> <p>In Hong Kong, information is provided by PGIM (Hong Kong) Limited, a regulated entity with the Securities & Futures Commission in Hong Kong to professional investors as defined in Section 1 of Part 1 of Schedule 1 of the Securities and Futures Ordinance (Cap. 571). In Singapore, information is issued by PGIM (Singapore) Pte. Ltd. (“PGIM Singapore”), a regulated entity with the Monetary Authority of Singapore under a Capital Markets Services License to conduct fund management and an exempt financial adviser. This material is issued by PGIM Singapore for the general information of “institutional investors” pursuant to Section 304 of the Securities and Futures Act 2001 of Singapore (the “SFA”) and “accredited investors” and other relevant persons in accordance with the conditions specified in Section 305 of the SFA. In South Korea, information is issued by PGIM, Inc., which is licensed to provide discretionary investment management services directly to South Korean qualified institutional investors on a cross-border basis.   </p> <p>Prudential Financial, Inc. (“PFI”) 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. </p> </div></div></div></div></div></ui-layout-one-col></footer></ui-footer></pgim-footer><pgim-attestation-modal _ngcontent-sc3="" _nghost-sc20=""></pgim-attestation-modal><ui-preview-notification _ngcontent-sc3="" _nghost-sc21="" hidden=""><div _ngcontent-sc21="" class="preview-notification"><div _ngcontent-sc21="" class="preview-notification__inner"><p _ngcontent-sc21="" class="preview-notification__message"> You are viewing this page in preview mode. </p><span _ngcontent-sc21="" class="preview-notification__objects"><a _ngcontent-sc21="" class="preview-notification__button" href="https://pgim4-author.apps.aws.prudential.com/node/880/edit" target="_self"> Edit Page </a></span></div></div></ui-preview-notification><pgim-ie11-modal _ngcontent-sc3="" _nghost-sc23=""></pgim-ie11-modal></pgim-page-renderer></pgim-root>  <script defer="" type="text/javascript" src="//view.ceros.com/scroll-proxy.min.js"></script> <script defer="" type="text/javascript" src="https://s7d9.scene7.com/s7viewers/html5/js/VideoViewer.js"></script> <script type="text/javascript" src="https://cdn.pficdn.com/pru-angular-foundational/2.91.242/assets/ot-callback.js"></script> <noscript>Please enable JavaScript to continue using this application.</noscript> <script src="https://cdn.pficdn.com/pru-angular-foundational/2.91.242/runtime-es2015.3498d45bfd7b63ef8e44.js" type="module"></script><script src="https://cdn.pficdn.com/pru-angular-foundational/2.91.242/polyfills-es2015.c7a0feece5680ffc3442.js" type="module"></script><script src="https://cdn.pficdn.com/pru-angular-foundational/2.91.242/runtime-es5.1e9f5f86487e96fd5506.js" nomodule=""></script><script src="https://cdn.pficdn.com/pru-angular-foundational/2.91.242/polyfills-es5.d934324ae870394ee5b2.js" nomodule=""></script><script src="https://cdn.pficdn.com/pru-angular-foundational/2.91.242/main-es2015.3fbd91f166cad3b4c28f.js" type="module"></script><script src="https://cdn.pficdn.com/pru-angular-foundational/2.91.242/main-es5.07d0750d918f09bf2de6.js" nomodule=""></script> <script src="https://cdn.pficdn.com/marketing_auto/19.1.4/jquery-3.5.1.js" id="jquery_script_element" class="canonical-script-elements-body-map-selector" defer=""></script><script src="https://cdn.pficdn.com/pru-angular-foundational/2.91.242/assets/pcom/iframe-parent-scripts.js" id="pcom_script_element" class="canonical-script-elements-body-map-selector" defer=""></script><script src="https://cdn.pficdn.com/pru-angular-foundational/2.91.242/assets/adobe-launch-iframe.js" id="launch_iframe_script_element" class="canonical-script-elements-body-map-selector" defer=""></script><script type="text/javascript" src="/_Incapsula_Resource?SWJIYLWA=719d34d31c8e3a6e6fffd425f7e032f3&ns=1&cb=2129011915" async></script></body></html>