NPORT-EX 2 PIPDV00PRU022823.htm
PGIM Global Real Estate Fund
Schedule of Investments as of January 31, 2023 (unaudited)
Description     Shares Value
Long-Term Investments 99.8%
Common Stocks 
Australia 3.7%
Ingenia Communities Group, REIT       1,484,522  $4,888,945
National Storage REIT, REIT       7,320,567 12,047,740
Region Re Ltd., REIT       3,914,925 7,512,338
Scentre Group, REIT       4,853,399 10,530,945
Stockland, REIT       714,324 1,996,014
          36,975,982
Belgium 1.9%
Aedifica SA, REIT       96,965 8,508,878
Cofinimmo SA, REIT       20,820 1,893,768
Shurgard Self Storage SA       159,310 7,687,370
VGP NV       8,176 816,956
          18,906,972
Canada 2.9%
Boardwalk Real Estate Investment Trust, REIT       175,309 7,407,367
Chartwell Retirement Residences, UTS       737,049 5,434,182
InterRent Real Estate Investment Trust, REIT       902,185 9,770,761
RioCan Real Estate Investment Trust, REIT       375,386 6,511,524
          29,123,834
Finland 0.8%
Kojamo OYJ       513,714 7,887,884
France 0.7%
Klepierre SA, REIT*       288,869 7,331,594
Germany 0.5%
Vonovia SE       162,483 4,589,804
Hong Kong 5.2%
CK Asset Holdings Ltd.       873,933 5,587,500
Link REIT, REIT       1,934,627 15,485,465
Sun Hung Kai Properties Ltd.       1,330,648 18,870,762
Swire Properties Ltd.       1,823,504 5,125,065
Wharf Real Estate Investment Co. Ltd.       1,020,488 5,841,953
          50,910,745
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PGIM Global Real Estate Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Japan 9.5%
GLP J-REIT, REIT       8,133  $9,202,987
Hoshino Resorts REIT, Inc., REIT       1,189 6,811,733
Invincible Investment Corp., REIT       19,262 8,214,690
Japan Hotel REIT Investment Corp., REIT       11,121 7,047,226
Japan Metropolitan Fund Investment Corp., REIT       2,199 1,700,013
Mitsubishi Estate Co. Ltd.       212,728 2,734,219
Mitsui Fudosan Co. Ltd.       1,193,629 22,372,975
Nippon Accommodations Fund, Inc., REIT       876 3,931,857
Nippon Building Fund, Inc., REIT       1,798 7,857,915
Nippon Prologis REIT, Inc., REIT       3,947 8,956,302
Nomura Real Estate Master Fund, Inc., REIT       6,395 7,478,729
Tokyu Fudosan Holdings Corp.       1,591,278 8,074,517
          94,383,163
Singapore 4.9%
CapitaLand Ascendas REIT, REIT       4,391,474 9,664,014
CapitaLand Ascott Trust, UTS       8,853,993 7,505,845
CapitaLand Integrated Commercial Trust, REIT       6,129,810 10,029,196
Capitaland Investment Ltd.       4,480,439 13,573,988
Frasers Logistics & Commercial Trust, REIT       2,011,456 1,936,016
Lendlease Global Commercial REIT, REIT       9,700,149 5,371,998
          48,081,057
Sweden 2.1%
Castellum AB       227,826 3,126,016
Catena AB       67,262 2,813,974
Fastighets AB Balder (Class B Stock)*       852,725 4,393,445
Pandox AB*       334,966 4,611,787
Sagax AB (Class B Stock)       242,395 6,029,575
          20,974,797
Switzerland 0.6%
PSP Swiss Property AG       17,666 2,202,310
Swiss Prime Site AG       39,280 3,500,175
          5,702,485
United Kingdom 4.6%
Big Yellow Group PLC, REIT       573,770 8,557,898
Grainger PLC       2,728,314 8,737,639
Great Portland Estates PLC, REIT       378,489 2,662,339
Land Securities Group PLC, REIT       602,514 5,278,512
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PGIM Global Real Estate Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
United Kingdom (cont’d.)
Segro PLC, REIT       1,227,431  $12,634,688
Tritax Big Box REIT PLC, REIT       2,326,599 4,482,820
UNITE Group PLC (The), REIT       234,518 2,889,060
          45,242,956
United States 62.4%
Agree Realty Corp., REIT       141,245 10,541,114
American Homes 4 Rent (Class A Stock), REIT       221,927 7,609,877
Americold Realty Trust, Inc., REIT       651,335 20,458,432
Apple Hospitality REIT, Inc., REIT       246,830 4,376,296
Brixmor Property Group, Inc., REIT       414,628 9,756,197
Camden Property Trust, REIT       130,715 16,105,395
Community Healthcare Trust, Inc., REIT       313,983 13,463,591
CubeSmart, REIT       104,815 4,799,479
Digital Realty Trust, Inc., REIT(a)       255,202 29,251,253
Equinix, Inc., REIT       57,481 42,428,451
Equity LifeStyle Properties, Inc., REIT       93,189 6,689,106
Equity Residential, REIT       471,399 30,004,546
Essential Properties Realty Trust, Inc., REIT       507,868 12,940,477
Extra Space Storage, Inc., REIT       42,326 6,680,313
Host Hotels & Resorts, Inc., REIT       978,566 18,445,969
Independence Realty Trust, Inc., REIT       521,812 9,825,720
Invitation Homes, Inc., REIT       114,147 3,709,777
Kimco Realty Corp., REIT       222,543 4,998,316
Kite Realty Group Trust, REIT       300,626 6,523,584
Life Storage, Inc., REIT       36,480 3,941,299
Medical Properties Trust, Inc., REIT(a)       518,115 6,709,589
Mid-America Apartment Communities, Inc., REIT       15,070 2,512,470
National Retail Properties, Inc., REIT       192,024 9,092,336
National Storage Affiliates Trust, REIT       126,873 5,176,418
NETSTREIT Corp., REIT       395,577 7,962,965
Omega Healthcare Investors, Inc., REIT       544,959 16,043,593
Prologis, Inc., REIT(a)       667,336 86,273,198
Public Storage, REIT       83,355 25,368,261
Realty Income Corp., REIT       291,067 19,743,075
Regency Centers Corp., REIT       146,731 9,776,687
Rexford Industrial Realty, Inc., REIT       290,016 18,407,316
SBA Communications Corp., REIT       41,266 12,277,873
Simon Property Group, Inc., REIT       97,625 12,540,907
Spirit Realty Capital, Inc., REIT       319,603 14,024,180
Sun Communities, Inc., REIT       127,277 19,964,670
UDR, Inc., REIT       497,230 21,177,026
Ventas, Inc., REIT(a)       211,669 10,966,571
Veris Residential, Inc., REIT*       417,416 7,221,297
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PGIM Global Real Estate Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
United States (cont’d.)
VICI Properties, Inc., REIT       217,744  $7,442,490
Welltower, Inc., REIT(a)       567,779 42,606,136
          617,836,250
 
Total Long-Term Investments
(cost $882,397,343) 		987,947,523
Short-Term Investments 4.0%
Affiliated Mutual Fund 3.7%
PGIM Institutional Money Market Fund
(cost $37,211,879; includes $36,925,444 of cash collateral for securities on loan)(b)(we) 		    37,239,760 37,232,312
Unaffiliated Fund 0.3%
Dreyfus Government Cash Management (Institutional Shares)
(cost $2,611,156) 		    2,611,156 2,611,156
     
 
 
Total Short-Term Investments
(cost $39,823,035) 		39,843,468
 
TOTAL INVESTMENTS 103.8%
(cost $922,220,378) 		        1,027,790,991
Liabilities in excess of other assets (3.8)% (38,029,850)
 
Net Assets 100.0% $989,761,141
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
    
  REITs—Real Estate Investment Trust
  UTS—Unit Trust Security
    
* Non-income producing security.
(a) All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $36,734,078; cash collateral of $36,925,444 (included in liabilities) was received with which the Fund purchased highly liquid short-term investments. In the event of significant appreciation in value of securities on loan on the last business day of the reporting period, the Fund may reflect a collateral value that is less than the market value of the loaned securities and such shortfall is remedied the following business day.
(b) Represents security, or portion thereof, purchased with cash collateral received for securities on loan and includes dividend reinvestment.
(we) PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Institutional Money Market Fund.
Other information regarding the Fund is available in the Fund’s most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
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