PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. The company has offices in Newark, New Jersey, London, Tokyo and Singapore. As of September 30, 2018, the firm has $729 billion of assets under management including $314 billion in institutional assets, $130 billion in retail assets, and $285 billion in proprietary assets. Over 600 institutional asset owners have entrusted PGIM Fixed Income with their assets. PGIM Fixed Income is a United States business operating as a unit within PGIM, Inc. (formerly known as Prudential Investment Management, Inc.) (“PGIM”). PGIM is the largest investment adviser within Prudential Financial, Inc. (“PFI”). As of September 30, 2018, PGIM had $1.2 trillion in assets under management across their real estate, equity, public fixed income, and private fixed income businesses and is ranked 10th among IPE’s top 400 asset managers.* *Source: IPE Research-Top 400 Asset Managers, June 2018, based on 12/31/2017 assets under management.