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1、PGIM|FOOD FOR THOUGHT 1 MEGATRENDSFOOD FOR THOUGHTInvestment Opportunities Across a Changing Food SystemSPRING/SUMMER 2023For professional investors only.All investments involve risk,including possible loss of capital.2 FOOD FOR THOUGHT|PGIMAbout PGIMPGIM is the asset management business of Prudenti

2、al Financial,Inc.(PFI).PFI has a history that dates back over 145 years and through more than 30 market cycles.With 47 offices in 18 different countries,*our more than 1,400 investment professionals are located in key financial centers around the world.As a leading global asset manager,with$1.2 tril

3、lion in assets under management,PGIM is built on a*foundation of strength,stability and disciplined risk management.Our firm is comprised of autonomous asset management businesses,each specializing in a particular asset class with a focused investment approach.This gives our clients diversified solu

4、tions with global depth and scale across public and private asset classes,including fixed income,equities,real estate,private credit and other alternatives.*30 market cycles represent PFIs asset management expertise through PGIM and its affiliates and its predecessors.For additional information rela

5、ted to market cycles visit:www.nber.org*PGIM is the investment management business of Prudential Financial,Inc.(PFI).PFI is the 11th largest investment manager(out of 431 firms surveyed)in terms of worldwide institutional assets under management based on Pensions&Investments Top Money Managers list

6、published June 2022.This ranking represents institutional client assets under management by PFI as of December 31,2021.Participation in the P&I ranking is voluntary and open to managers that have any kind of U.S.institutional tax-exempt AUM.Managers self-report their data via a survey.P&I sends the