Pgim, Inc.

• A percentage of assets under your management
• Fixed fees (other than subscription fees)
• Performance-based fees
• Other

Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ

See the firm's brochure (dated March 27, 2026) for its fees and any account minimum, on the SEC's IAPD site.

$1,131,638,605,327 as of October 2026, filing dated April 28, 2026.

A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

• Portfolio management for investment companies (and business development companies)
• Portfolio management for pooled investment vehicles (other than investment companies)
• Portfolio management for businesses (other than small businesses) or institutional clients
• Selection of other advisers (including private fund managers)
• Publication of periodicals or newsletters
• Educational seminars/workshops
• Other

Also doing business as

PGIM, PGIM CAPITAL PARTNERS, PGIM CREDIT, PGIM ENERGY PARTNERS, PGIM REAL ESTATE, PRICOA PRIVATE CAPITAL, PRUDENTIAL FINANCIAL, INC. ("PFI"), PRUDENTIAL REAL ESTATE FIXED INCOME INVESTORS ("PREFII")

Registration

SEC-registered investment adviser. Status as filed: Approved.

Registered since

1984 (41 years)

Employees

Total: 1,990. Performing investment advisory functions: 1,350.

Wrap fee program participation

No.

Custodians (Schedule D, Section 5.K(3))

BNY MellonCitibankJ.P. Morgan Chase Bank N.A.State Street Bank and Trust Company

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

Other offices (Schedule D, Section 1.F)

14 other offices, as of the May 2026 filing

Arlington, VAAtlanta, GAChicago, ILDallas, TXFresno, CAJonesboro, ARLos Angeles, CAMexico CityMiami, FLMinneapolis, MNNew York, NYRoseville, CASan Francisco, CAThousand Oaks, CA

States registered or notice-filed

52 states or jurisdictions

AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPAPRRISCSDTNTXUTVAVTWAWIWVWY

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

None Reports no disclosure items on Form ADV Item 11. View on IAPD.

Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures

Regulatory assets under management: $1,152,137,172,504 in the October 2021 data and $1,131,638,605,327 in the October 2026 data, down 2%.

Total employees: 1,374 in October 2021 and 1,990 in October 2026.

As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.

1. April 2026
   • No longer lists the business name Pgim Private Capital.
   • No longer lists the business name Pgim Fixed Income.
   • Added the business name Pgim Credit.
   • Employees performing advisory functions went from 1440 to 1350.
   • Changed its office addresses in Arlington, VA.
   • Changed its office addresses in Atlanta, GA.
   • Changed its office addresses in Chicago, IL.
   • Changed its office addresses in Dallas, TX.
   • Changed its office addresses in Jonesboro, AR.
   • Changed its office addresses in Miami, FL.
   • Changed its office addresses in New York, NY.
   • Changed its office addresses in Roseville, CA.
   • Changed its office addresses in San Francisco, CA.
   • Changed its office addresses in Thousand Oaks, CA.
   • Added an office in Fresno, CA.
   • Added an office in Mexico City.
   • Updated its list of owners and control persons (Schedule A).

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.