Gain from experience PGIM INDIA GLOBAL EQUITY OPPORTUNITIES FUND An open ended equity fund of fund scheme investing in PGIM Jennison Global Equity Opportunities Fund March 2021 About Us Global Footprint Luxembourg Chicago Dublin Amsterdam Position of Strength London Minneapolis Frankfurt Boston Ranking Based on Worldwide Assets New York Paris Munich Memphis Tokyo San Francisco Newark Milan 2 Assets Madison Top 10 Asset Managers Los Angeles Atlanta Seoul ($ Billions) Dallas Orlando 1Shanghai BlackRock $6,466 Miami Mumbai Taipei Mexico City 2 Vanguard GroupHong Kong $5,269 3 Fidelity Investments $2,900 Singapore 4 State Street Global Advisors $2,689 5 JP Morgan Asset Management $2,239 6 The Goldman Sachs Group $1,818 10TH 73%1 38 1300+ 7 BNY Mellon InvestmentSydney largest global of asset in 4/5 star OFFICES investment Management $1,796 asset manager professionals 8 The Capital Group $1,700 9 Amundi $1,684 1Based on Morningstar ratings of PGIM assets in all share classes as of December 31, 2018. 10 PFI* $1,481 2Pensions & Investments Top Money Managers list, June 1, 2020; ranking reflects largest money managers by assets under management as of March 31,2020; based on PFI total worldwide assets under management as of March 31, *Worldwide AUM include assets managed by PFI's Asset 2020. Management business and non-proprietary AUM. Source: www.pgim.com PGIM India Global Equity Opportunities Fund 2 PGIM - A distinct Multi Manager Model PGIM $1.5 Trillion AUM Financial Strength Risk Management Compliance Infrastructure PGIM Fixed Jennison QMA PGIM Private PGIM Real PGIM Global PGIM Income Associates Capital Estate Partners Investments Public Fixed Fundamental Quantitative Private Real Estate Domestic Retail Funds - Income Equity and Public Equity & Placements Equity and Debt Asset Managers Mutual Funds, Fixed Income Global Multi- and Alternative in India, China, ETFs and UCITS Asset Solutions Private Credit Italy and Taiwan $968 billion1 $224 billion2 $120 billion3 $101 billion $188.5 billion4 $110 billion5 $171 billion6 AUM AUM AUM AUM AUM AUM AUM DEEP ASSET CLASS EXPERTISE SCALED TO MEET CLIENT NEEDS • Providing diversified solutions across public fixed income, public equity, • Global presence - 38 offices in 16 countries private credit, real estate and alternatives • 1,300 investment professionals • Autonomous investment processes in each business • Uncompromising risk management processes • Focusing on consistent, long-term investment performance • Deeply resourced businesses execute nimbly • Expert investment professionals - average 15 years with PGIM, 24 years of • Cross-asset-class research and portfolio advisory capabilities industry experience As of December 31, 2020. All assets under management (AUM) are net unless otherwise noted. 1 Includes $19 billion in assets managed by PGIM Fixed Income for affiliated businesses, $119 billion in PGIM Japan assets, and $143 million of which is sub-advised by PGIM Private Capital. 2 Includes equity $156 billion, fixed income $68 billion, and private credit and other alternatives $515 million. 3 AUM includes assets managed by QMA and QMA Wadhwani LLP (QMAW): $70 billion in directly managed mandates, $50 billion of institutional and retail assets managed by various affiliated and third-party managers. 4 Total AUM reflected as gross and includes assets under administration (AUA). Net AUM is $124 billion and AUA is $43 billion. 5 Represents total combined assets of the PGIM Global Partners businesses, including $102 billion from joint ventures in which PFI does not have a controlling interest, and therefore does not correspond to assets under management and administration as reported by PFI. AUM also includes $7 billion in assets sub-advised by other PGIM units and included in their totals. 6 Sub-advised by other PGIM business units. PGIM India Global Equity Opportunities Fund 3 Jennison Associates – A High Conviction Manager 51 2 Years Locations Established in 1969 New York and Boston 68 341 Investment Total Professionals Employees Source: Jennison Associates Data as on 31st March, 2021 PGIM India Global Equity Opportunities Fund 4 Jennison Associates – A High Conviction Manager Asset Under Management $224.3Billion* Fixed Income Growth Equity $67.9 $112.9 • Long Duration / LDI $42.0 • Large Cap Growth $87.4 • Intermediate $17.5 • Concentrated Growth $21.5 • Core $8.4 • Health Care $3.0 Global/International/EM Equity Value / Core Equity $22.6 $12.4 • Global Growth $15.5 • International Growth $4.3 • Large Cap Value $2.3 • Emerging Markets $0.2 • Focused Value $3.6 Small/SMid/Mid Cap Equity • Income & Dividend $1.1 $8.4 • Core $0.6 • Small Cap $3.1 • Utilities/Infrastructure/ • SMid Cap $2.0 Natural Resources $4.9 *As of 12/31/2020. Blended portfolios are shown in • Mid Cap $3.0 their respective underline capabilities. Due to rounding, individual product assets may not sum to total AUM Source: Jennison Associates Data as on 31st March, 2021 shown. PGIM India Global Equity Opportunities Fund 5 Experienced global investment team Senior Portfolio Management Team MARK BARIBEAU, CFA Managing Director, Head of Global Equity THOMAS F. DAVIS Global Equity and Emerging Markets Managing Director, Global Equity Equity Portfolio Manager Portfolio Manager • Joined Jennison in 2011 • Joined Jennison in 2011 • Previous experience: • Previous experience: – More than 21 years at Loomis Sayles, most recently as a – More than 11 years at Loomis Sayles, most recently as global equity and large cap growth portfolio manager a co-portfolio manager of global equity portfolios, but – Economist at John Hancock Financial Services began tenure as research analyst and portfolio manager • Education: for a financial sector strategy – BA in economics from University of Vermont – Global equity research analyst at Putnam Investments – MA in economics from University of Maryland • Education: – BA in economics from Dartmouth College – MBA in economics from Duke University PGIM India Global Equity Opportunities Fund 6 Experienced global investment team Senior Portfolio Management Team SARA MORENO ALBERT KWOK, CFA Managing Director, Emerging Markets Managing Director, Emerging Markets Equity Portfolio Manager Equity Portfolio Manager • Joined Jennison in 2011 • Joined Jennison in 2011 • Previous experience: • Previous experience: – Research analyst at Loomis Sayles – Global equity analyst at Loomis Sayles – Citi Global Markets, Goldman Sachs, and Moody’s – Equity analyst at Engemann Asset Management • Education: • Education: – BA in economics from Byrn Mawr College – BA in business economics from University of California, – MA in economics from University of Chicago Los Angeles PGIM India Global Equity Opportunities Fund 7 PGIM INDIA GLOBAL EQUITY OPPORTUNITIES FUND An open ended equity fund of fund scheme investing in PGIM Jennison Global Equity Opportunities Fund An opportunistic approach to unconstrained global growth investing Stock selection process based on Concentrated strategy with a high proprietary fundamental research The composite has generated significant excess return conviction approach 35-45 holdings allows for a best ideas portfolio since inception Integrated and active risk Benchmark and region agnostic leads management throughout the process to high active share Risk management begins with fundamental research Active share has typically been greater than 90% since and ends with the final sale inception* Long-term investment horizon Action oriented sell discipline Historical batting average of eliminated positions has Stock contribution is correlated to holding period been strong since inception* PGIM India Global Equity Opportunities Fund 9 The fund identifies and invests in tectonic shifts in the global investment landscape On-demand Consumption Enterprise Technologies GLOBAL CONSUMER Increased mobile Internet usage and Exponential growth in digital data is Large younger demographic populations shift to on-demand customized driving massive growth in cloud with growing disposable incomes, consumption models is leading to new technologies and network optimization particularly in emerging markets, is delivery formats and business models through more intelligent and connected creating significant demand for premium software and infrastructure products DIGITAL PAYMENTS ROBOTICS & AUTONOMY HEALTH TECH & THERAPIES The irreversible long-term shift from A new generation of advanced robotic A new innovation cycle with an integrated cash to electronic credit and debit devices that combines deep intelligence ecosystem that combines consumer relevance, transactions is resulting in expansive with virtual/augmented reality tools is artificial intelligence, and digital supply chains growth of integrated payment finding broad applications for quicker, more accurate diagnoses and platforms treatments These are the current themes being played out in the portfolio. They may change according to fund manager discretion. PGIM India Global Equity Opportunities Fund 10 Since opportunities are limited to sectors... Monthly data from 5/1/11 through 12/31/2020 Information is supplemental to the Global Equity Opportunities Composite presentation as provided in the Appendix. Inception of Global Equity Opportunities Strategy: 4/30/11. The boxes on the right of chart represent percent of sector weight. Source for data: FactSet. See Portfolio Notes in the Appendix for GICS classification and term definitions. PGIM India Global Equity Opportunities Fund 11 ……the fund is also not limited by Sector/ Region/ Country constraints Region Historical