Prudential Investment Portfolios Inc. 14

04/08/2026 | Press release | Distributed by Public on 04/08/2026 12:55

Summary Prospectus by Investment Company (Form 497K)

AMENDMENT DATED APRIL 8, 2026

TO THE CURRENTLY EFFECTIVE SUMMARY PROSPECTUS, PROSPECTUS AND STATEMENT OF

ADDITIONAL INFORMATION, OF

THE FUNDS LISTED ON EXHIBIT A HERETO

(EACH A "FUND AND COLLECTIVELY THE "FUNDS")

You should read this Amendment in conjunction with each Fund's Summary Prospectus, Prospectus and Statement of Additional Information (collectively the Registration Statement) as applicable and retain it for future reference.

Effective immediately, PGIM Fixed Income, an investment group of PGIM, Inc. and a subadviser to each of the Funds, will be referred to as PGIM Credit. PGIM Credit continues to be an investment group of PGIM, Inc. and will continue to serve as subadviser to the Funds in the same manner as currently outlined in the applicable Registration Statement. PGIM Credit includes the public and private credit business of PGIM, Inc.

All references in the Registration Statement, as applicable, to "PGIM Fixed Income" should be read as "PGIM Credit."

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EXHIBIT A

The Prudential Investment Portfolios, Inc.

PGIM Core Government Money Market Fund

PGIM Balanced Fund

Prudential National Muni Fund, Inc.

Prudential Investment Portfolios 2

PGIM National Muni Fund

PGIM Institutional Money Market Fund

Prudential Short-Term Corporate Bond Fund, Inc.

PGIM Core Ultra Short Bond Fund

PGIM Short-Term Corporate Bond Fund

PGIM Core Conservative Bond Fund

Prudential World Fund, Inc.

PGIM TIPS Fund

PGIM Emerging Markets Debt Hard Currency Fund

Prudential Investment Portfolios 3

PGIM Emerging Markets Debt Local Currency Fund

PGIM Strategic Bond Fund

The Target Portfolio Trust

Prudential Investment Portfolios 4

PGIM Core Bond Fund

PGIM Muni High Income Fund

PGIM ETF Trust

Prudential Investment Portfolios 6

PGIM Ultra Short Bond ETF

PGIM California Muni Income Fund

PGIM Active Aggregate Bond ETF

Prudential Investment Portfolios 8

PGIM Active High Yield Bond ETF

PGIM Securitized Credit Fund

PGIM Total Return Bond ETF

Prudential Investment Portfolios 9

PGIM Floating Rate Income ETF

PGIM Absolute Return Bond Fund

PGIM AAA CLO ETF

Prudential Investment Portfolios 12

PGIM Short Duration Multi-Sector Bond ETF

PGIM Short Duration Muni Fund

PGIM Short Duration High Yield ETF

Prudential Investment Portfolios, Inc. 14

PGIM Municipal Income Opportunities ETF

PGIM Government Income Fund

PGIM Ultra Short Municipal Bond ETF

PGIM Floating Rate Income Fund

PGIM Corporate Bond 0-5 Year ETF

Prudential Investment Portfolios, Inc. 15

PGIM Corporate Bond 5-10 Year ETF

PGIM High Yield Fund

PGIM Corporate Bond 10+ Year ETF

PGIM Short Duration High Yield Income Fund

Prudential Investment Portfolios, Inc. 17

PGIM Short Duration Multi-Sector Bond Fund

PGIM Total Return Bond Fund

Prudential Global Total Return Fund, Inc.

PGIM Global Total Return Fund

PGIM Global Total Return (USD Hedged) Fund

Prudential Government Money Market Fund, Inc.

PGIM Government Money Market Fund

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Prudential Investment Portfolios Inc. 14 published this content on April 08, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 08, 2026 at 18:55 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]