NPORT-EX 2 PIPDK01PRU073124.htm
PGIM Income Builder Fund
Schedule of Investments as of July 31, 2024 (unaudited)
Description     Shares   Value
Long-Term Investments 98.7%
Affiliated Exchange-Traded Funds 20.5%          
PGIM Active Aggregate Bond ETF       522,500  $22,161,681
PGIM Active High Yield Bond ETF       756,600 26,491,441
     
 
Total Affiliated Exchange-Traded Funds
(cost $54,781,139)(wa) 		        48,653,122
Affiliated Mutual Funds — 57.6%
Domestic Equity — 26.4%
PGIM Jennison MLP Fund (Class R6) 3,604,056 30,201,991
PGIM Real Estate Income Fund (Class R6) 4,403,748 32,411,583
          62,613,574
Fixed Income — 21.5%
PGIM Core Conservative Bond Fund (Class R6) 1,721,691 14,909,842
PGIM Emerging Markets Debt Hard Currency Fund (Class R6) 5,141,519 36,093,463
          51,003,305
International Equity — 9.7%
PGIM Quant Solutions Emerging Markets Equity Fund (Class R6) 37,922 461,130
PGIM Quant Solutions International Equity Fund (Class R6) 2,831,379 22,509,463
          22,970,593
     
 
Total Affiliated Mutual Funds
(cost $119,446,923)(wa) 		136,587,472
Common Stocks 15.0%
Aerospace & Defense 0.7%
RTX Corp.       4,292 504,267
Safran SA (France)       5,242 1,151,629
          1,655,896
Automobile Components 0.1%
Aptiv PLC*       2,243 155,642
Banks 1.1%
Citigroup, Inc.       12,831 832,475
JPMorgan Chase & Co.       3,677 782,466
Truist Financial Corp.       24,132 1,078,459
          2,693,400
Beverages 0.2%
Coca-Cola Co. (The)       5,569 371,675
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PGIM Income Builder Fund
Schedule of Investments as of July 31, 2024 (unaudited) (continued)
Description     Shares   Value
Common Stocks (Continued)
Biotechnology 1.2%
AbbVie, Inc.       8,537  $1,582,077
Amgen, Inc.       4,059 1,349,495
          2,931,572
Chemicals 0.2%
PPG Industries, Inc.       4,397 558,331
Commercial Services & Supplies 0.3%
Waste Management, Inc.       2,974 602,711
Communications Equipment 0.2%
Cisco Systems, Inc.       7,980 386,631
Consumer Finance 0.2%
American Express Co.       1,994 504,562
Consumer Staples Distribution & Retail 0.5%
Walmart, Inc.       15,620 1,072,157
Diversified Telecommunication Services 0.5%
AT&T, Inc.       40,186 773,581
BCE, Inc. (Canada)       14,729 496,809
          1,270,390
Electric Utilities 0.1%
FirstEnergy Corp.       3,788 158,755
Xcel Energy, Inc.       1,738 101,291
          260,046
Entertainment 0.4%
Electronic Arts, Inc.       5,749 867,754
Financial Services 0.3%
Visa, Inc. (Class A Stock)       2,762 733,780
Food Products 0.2%
Kraft Heinz Co. (The)       12,245 431,146
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PGIM Income Builder Fund
Schedule of Investments as of July 31, 2024 (unaudited) (continued)
Description     Shares   Value
Common Stocks (Continued)
Ground Transportation 0.3%
Canadian National Railway Co. (Canada)       2,918  $337,758
Union Pacific Corp.       1,490 367,628
          705,386
Health Care Equipment & Supplies 0.5%
Boston Scientific Corp.*       15,920 1,176,170
Hotels, Restaurants & Leisure 0.2%
McDonald’s Corp.       1,823 483,824
Household Products 0.2%
Procter & Gamble Co. (The)       2,816 452,700
Independent Power & Renewable Electricity Producers 0.8%
RWE AG (Germany)       8,875 331,223
Vistra Corp.       19,547 1,548,513
          1,879,736
Industrial REITs 0.4%
Prologis, Inc.       7,301 920,291
Insurance 0.4%
MetLife, Inc.       13,532 1,039,934
IT Services 0.4%
International Business Machines Corp.       4,863 934,377
Life Sciences Tools & Services 0.2%
Danaher Corp.       1,317 364,914
Machinery 0.5%
Caterpillar, Inc.       1,180 408,516
Parker-Hannifin Corp.       1,452 814,804
          1,223,320
Metals & Mining 0.1%
Arch Resources, Inc.       1,516 222,170
Mortgage Real Estate Investment Trusts (REITs) 0.1%
Starwood Property Trust, Inc.       14,525 289,774
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PGIM Income Builder Fund
Schedule of Investments as of July 31, 2024 (unaudited) (continued)
Description     Shares   Value
Common Stocks (Continued)
Oil, Gas & Consumable Fuels 0.8%
Phillips 66       7,561  $1,099,974
Shell PLC, ADR       8,205 600,770
Williams Cos., Inc. (The)       4,359 187,176
          1,887,920
Pharmaceuticals 0.9%
AstraZeneca PLC (United Kingdom), ADR       14,133 1,118,627
Eli Lilly & Co.       1,350 1,085,764
          2,204,391
Semiconductors & Semiconductor Equipment 1.7%
Applied Materials, Inc.       5,334 1,131,875
Broadcom, Inc.       9,642 1,549,277
Intel Corp.       11,589 356,246
Lam Research Corp.       1,139 1,049,292
          4,086,690
Software 0.2%
Microsoft Corp.       1,406 588,200
Specialized REITs 0.2%
Digital Realty Trust, Inc.       3,620 541,154
Specialty Retail 0.4%
O’Reilly Automotive, Inc.*       817 920,220
Technology Hardware, Storage & Peripherals 0.5%
Apple, Inc.       5,309 1,179,023
     
 
Total Common Stocks
(cost $23,923,408) 		35,595,887
Preferred Stock 0.3%
Electric Utilities 
NextEra Energy, Inc., CVT, 6.926%, Maturing 09/01/25
(cost $775,661) 		      15,911 702,630
Unaffiliated Exchange-Traded Funds 5.3%
Invesco Preferred ETF(a)       199,588 2,315,221
iShares 0-5 Year High Yield Corporate Bond ETF       54,500 2,328,785
iShares iBoxx High Yield Corporate Bond ETF       8,000 628,320
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PGIM Income Builder Fund
Schedule of Investments as of July 31, 2024 (unaudited) (continued)
Description     Shares   Value
Unaffiliated Exchange-Traded Funds (Continued)
SPDR Bloomberg Convertible Securities ETF       97,250  $7,152,737
     
 
Total Unaffiliated Exchange-Traded Funds
(cost $12,076,093) 		12,425,063
     
 
 
Total Long-Term Investments
(cost $211,003,224) 		233,964,174
 
Short-Term Investments 1.9%
Affiliated Mutual Funds 
PGIM Core Ultra Short Bond Fund     2,091,227 2,091,227
PGIM Institutional Money Market Fund (7-day effective yield 5.606%)
(cost $2,291,951; includes $2,282,015 of cash collateral for securities on loan)(b) 		    2,293,328 2,291,952
     
 
 
Total Short-Term Investments
(cost $4,383,178)(wa) 		4,383,179
 
TOTAL INVESTMENTS 100.6%
(cost $215,386,402) 		        238,347,353
Liabilities in excess of other assets (0.6)% (1,350,937)
 
Net Assets 100.0% $236,996,416
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
    
  ADR—American Depositary Receipt
  CVT—Convertible Security
  ETF—Exchange-Traded Fund
  iBoxx—Bond Market Indices
  MLP—Master Limited Partnership
  REITs—Real Estate Investment Trust
  SPDR—Standard & Poor’s Depositary Receipts
    
* 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 $2,224,880; cash collateral of $2,282,015 (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.
(wa) Represents investments in Funds affiliated with the Manager.
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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