Prudential Investments Mutual Funds Honored By Lipper For Performance

Three Prudential Investments mutual funds won awards based on 5-year risk-adjusted performance at Lipper’s annual mutual fund awards ceremony in New York City last night. The awards honor mutual funds that have excelled in delivering consistent risk-adjusted performance relative to peers. Prudential Investments is the mutual fund family of Prudential Financial Inc. (NYSE: PRU) and offers funds across a range of asset classes and sectors, including equity, fixed income, real estate and specialty securities.

“It’s always an honor to have the strength and expertise of our fund managers recognized by Lipper,” said Judy Rice, president of Prudential Investments. “Our focus on delivering strong results for our shareholders is our top priority and these awards validate the vision and consistent performance of our investment managers.”

Prudential Investments’ Lipper Award winners for risk-adjusted investment performance through the period ending December 31, 2010, were as follows:

• Prudential Jennison Equity Income Fund (Class A, SPQAX), which won for 5-year performance out of 192 funds in the Equity Income Funds category. This fund is managed by Jennison Associates, a leading active equity manager since 1969.
• Prudential Jennison Natural Resources Fund (Class Z, PNRZX), which won for 5-year performance out of 53 funds in the Global Natural Resources Funds category. This fund, also managed by Jennison Associates, has won a Lipper Award four years in a row.
• The Prudential California Muni Income Fund (Class Z, PCIZX), which won for 5-year performance out of 101 funds in the California Municipal Debt Funds category. This is the second consecutive year that this fund has won a Lipper Award. It is managed by Prudential Fixed Income, one of the nation’s largest and most experienced fixed income mangers.

Class Z shares are only available to participants in wrap fee programs and group retirement plans, and to various institutional investors who invest at least $10 million.