NPORT-EX 2 PIPDAB0WadhwaniSystemaAbset.htm
PGIM Wadhwani Systematic Absolute Return Fund
Schedule of Investments  (unaudited)
as of January 31, 2022
Description     Shares Value
Short-Term Investment 78.6%
Unaffiliated Fund           
Dreyfus Government Cash Management (Institutional Shares)
(cost $23,537,795) 		      23,537,795  $23,537,795
 
TOTAL INVESTMENTS 78.6%
(cost $23,537,795) 		23,537,795
Other assets in excess of liabilities(z) 21.4% 6,419,898
 
Net Assets 100.0% $29,957,693
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
    
  AUD—Australian Dollar
  BRL—Brazilian Real
  CAD—Canadian Dollar
  CHF—Swiss Franc
  CLP—Chilean Peso
  CNH—Chinese Renminbi
  COP—Colombian Peso
  CZK—Czech Koruna
  EUR—Euro
  GBP—British Pound
  HUF—Hungarian Forint
  IDR—Indonesian Rupiah
  ILS—Israeli Shekel
  INR—Indian Rupee
  JPY—Japanese Yen
  KRW—South Korean Won
  MXN—Mexican Peso
  NOK—Norwegian Krone
  NZD—New Zealand Dollar
  PLN—Polish Zloty
  RUB—Russian Ruble
  SEK—Swedish Krona
  SGD—Singapore Dollar
  THB—Thai Baht
  TRY—Turkish Lira
  TWD—New Taiwanese Dollar
  ZAR—South African Rand
    
  ASX—Australian Securities Exchange
  Bovespa—Sao Paulo Stock Exchange
  BTP—Buoni del Tesoro Poliennali
  CAC40—French Stock Market Index
  FTSE—Financial Times Stock Exchange
  KLCI—Kuala Lumpur Composite Index
  KOSPI—Korean Composite Stock Price Index
  MIB—Borsa Italiana Stock Exchange
1
PGIM Wadhwani Systematic Absolute Return Fund
Schedule of Investments  (unaudited) (continued)
as of January 31, 2022
  MSCI—Morgan Stanley Capital International
  NASDAQ—National Association of Securities Dealers Automated Quotations
  OAT—Obligations Assimilables du Tresor
  OBX—Oslo Stock Exchange
  OMXS—Nordic Exchange Stockholm Index
  OTC—Over-the-counter
  S&P—Standard & Poor’s
  SET—Stock Exchange of Thailand
  SGX—Singapore Exchange
  SONIA—Sterling Overnight Index Average
  SPI—Share Price Index
  STOXX—Stock Index of the Eurozone
  T—Swap payment upon termination
  TOPIX—Tokyo Stock Price Index
    
(z) Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments:
Futures contracts outstanding at January 31, 2022:
Number
of
Contracts 		  Type   Expiration
Date 		  Current
Notional
Amount 		  Value /
Unrealized
Appreciation
(Depreciation)
Long Positions:
6   90 Day Euro Dollar   Jun. 2022    $1,486,425    $(1,211)
9   90 Day Euro Dollar   Sep. 2022   2,222,775   (2,691)
9   90 Day Euro Dollar   Dec. 2022   2,217,038   (2,191)
19   10 Year Australian Treasury Bonds   Mar. 2022   1,840,670   10,049
15   10 Year Euro-Bund   Mar. 2022   2,849,799   (11,729)
66   10 Year U.S. Treasury Notes   Mar. 2022   8,445,938   2,885
24   20 Year U.S. Treasury Bonds   Mar. 2022   3,735,000   4,906
18   30 Year Euro Buxl   Mar. 2022   4,111,153   (35,313)
2   30 Year U.S. Ultra Treasury Bonds   Mar. 2022   377,875   (721)
9   ASX SPI 200 Index   Mar. 2022   1,092,604   2,675
5   CAC40 10 Euro   Feb. 2022   393,011   (1,246)
342   Euro Schatz Index   Mar. 2022   42,984,601   (43,569)
23   Euro STOXX 50 Index   Mar. 2022   1,070,524   (5,537)
16   FTSE 100 Index   Mar. 2022   1,591,609   (8,466)
2   FTSE MIB Index   Mar. 2022   300,714   (7,645)
5   FTSE/JSE Top 40 Index   Mar. 2022   219,541   360
7   Mexican Bolsa Index   Mar. 2022   174,922   (3,705)
2   NASDAQ 100 E-Mini Index   Mar. 2022   596,200   11,726
2   OBX Index   Feb. 2022   23,692   (479)
5   Russell 2000 E-Mini Index   Mar. 2022   506,100   8,396
6   S&P 500 E-Mini Index   Mar. 2022   1,351,275   30,077
18   S&P/TSX 60 Index   Mar. 2022   3,616,285   63,300
5   TOPIX Index   Mar. 2022   824,861   5,330
                15,201
2
PGIM Wadhwani Systematic Absolute Return Fund
Schedule of Investments  (unaudited) (continued)
as of January 31, 2022
Futures contracts outstanding at January 31, 2022 (continued):
Number
of
Contracts 		  Type   Expiration
Date 		  Current
Notional
Amount 		  Value /
Unrealized
Appreciation
(Depreciation)
Short Positions:
11   90 Day ASX Bank Bill   Jun. 2022    $7,768,356    $(845)
18   90 Day ASX Bank Bill   Sep. 2022   12,698,094   (52)
15   90 Day ASX Bank Bill   Dec. 2022   10,572,382   (84)
48   3 Month SONIA Index   Mar. 2023   15,883,000   24,111
83   2 Year U.S. Treasury Notes   Mar. 2022   17,982,469   27,751
193   5 Year Euro-Bobl   Mar. 2022   28,673,050   102,433
20   5 Year U.S. Treasury Notes   Mar. 2022   2,384,063   (374)
19   10 Year Canadian Government Bonds   Mar. 2022   2,079,141   (4,985)
2   10 Year Japanese Bonds   Mar. 2022   2,619,395   (356)
27   10 Year U.K. Gilt   Mar. 2022   4,428,648   24,536
7   EUR BTP Italian Government Bond   Mar. 2022   1,147,222   5,241
5   Euro-OAT   Mar. 2022   904,433   2,367
4   FTSE Bursa Malaysia KLCI Index   Feb. 2022   72,154   325
2   Hang Seng China Enterprises Index   Feb. 2022   107,284   1,818
1   Hang Seng Index   Feb. 2022   153,019   (2,407)
4   KOSPI 200 Index   Mar. 2022   295,811   25,533
2   MSCI SGX Index   Feb. 2022   49,232   (89)
7   OMXS 30 Index   Feb. 2022   172,058   2,457
13   SET 50 Index   Mar. 2022   77,043   (882)
                206,498
                $221,699
Forward foreign currency exchange contracts outstanding at January 31, 2022:
Purchase
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts:
Australian Dollar,
Expiring 02/16/22   Morgan Stanley & Co. LLC   AUD 330    $238,056    $233,339    $—    $(4,717)
Expiring 02/16/22   Morgan Stanley & Co. LLC   AUD 320   230,843   226,269   —   (4,574)
Expiring 02/16/22   Morgan Stanley & Co. LLC   AUD 290   211,543   205,056   —   (6,487)
Expiring 02/16/22   Morgan Stanley & Co. LLC   AUD 230   165,234   162,630   —   (2,604)
Expiring 02/16/22   Morgan Stanley & Co. LLC   AUD 160   116,713   113,134   —   (3,579)
Expiring 02/16/22   Morgan Stanley & Co. LLC   AUD 80   57,670   56,568   —   (1,102)
Expiring 02/16/22   Morgan Stanley & Co. LLC   AUD 80   57,670   56,568   —   (1,102)
Expiring 02/16/22   Morgan Stanley & Co. LLC   AUD 40   29,148   28,283   —   (865)
Expiring 02/16/22   Morgan Stanley & Co. LLC   AUD 30   21,861   21,212   —   (649)
Expiring 02/16/22   Morgan Stanley & Co. LLC   AUD 30   21,483   21,213   —   (270)
3
PGIM Wadhwani Systematic Absolute Return Fund
Schedule of Investments  (unaudited) (continued)
as of January 31, 2022
Forward foreign currency exchange contracts outstanding at January 31, 2022 (continued):
Purchase
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts (cont’d.):
Australian Dollar (cont’d.),
Expiring 02/16/22   Morgan Stanley & Co. LLC   AUD 20    $14,589    $14,142    $—    $(447)
Expiring 02/16/22   Morgan Stanley & Co. LLC   AUD 10   7,184   7,071   —   (113)
Brazilian Real,
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 1,447   250,000   272,298   22,298   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 225   40,000   42,265   2,265   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 221   40,000   41,677   1,677   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 221   40,000   41,609   1,609   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 221   40,000   41,548   1,548   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 174   30,000   32,674   2,674   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 171   30,000   32,148   2,148   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 171   30,000   32,104   2,104   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 170   30,000   32,055   2,055   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 168   30,000   31,553   1,553   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 168   30,000   31,569   1,569   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 166   30,000   31,256   1,256   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 165   30,000   31,091   1,091   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 163   30,000   30,626   626   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 115   20,000   21,555   1,555   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 115   20,000   21,601   1,601   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 114   20,000   21,449   1,449   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 112   20,000   21,052   1,052   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 112   20,000   21,071   1,071   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 111   20,000   20,839   839   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 110   20,000   20,783   783   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 108   20,000   20,419   419   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 57   10,000   10,686   686   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 57   10,000   10,724   724   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 57   10,000   10,726   726   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 57   10,000   10,730   730   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 57   10,000   10,727   727   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 57   10,000   10,769   769   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 57   10,000   10,796   796   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 56   10,000   10,470   470   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 55   10,000   10,422   422   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 55   10,000   10,415   415   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 55   10,000   10,402   402   —
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 55   10,000   10,395   395   —
Expiring 03/03/22   Morgan Stanley & Co. LLC   BRL 2,880   520,000   538,215   18,215   —
Expiring 03/03/22   Morgan Stanley & Co. LLC   BRL 443   80,000   82,802   2,802   —
4
PGIM Wadhwani Systematic Absolute Return Fund
Schedule of Investments  (unaudited) (continued)
as of January 31, 2022
Forward foreign currency exchange contracts outstanding at January 31, 2022 (continued):
Purchase
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts (cont’d.):
Brazilian Real (cont’d.),
Expiring 03/03/22   Morgan Stanley & Co. LLC   BRL 325    $60,000    $60,793    $793    $—
Expiring 03/03/22   Morgan Stanley & Co. LLC   BRL 219   40,000   40,903   903   —
Expiring 03/03/22   Morgan Stanley & Co. LLC   BRL 216   40,000   40,339   339   —
Expiring 03/03/22   Morgan Stanley & Co. LLC   BRL 164   30,000   30,690   690   —
Expiring 03/03/22   Morgan Stanley & Co. LLC   BRL 108   20,000   20,210   210   —
Expiring 03/03/22   Morgan Stanley & Co. LLC   BRL 108   20,000   20,166   166   —
Expiring 03/03/22   Morgan Stanley & Co. LLC   BRL 54   10,000   10,129   129   —
British Pound,
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 1,230   1,654,387   1,654,056   —   (331)
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 610   824,006   820,304   —   (3,702)
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 240   322,807   322,742   —   (65)
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 200   270,166   268,952   —   (1,214)
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 110   147,146   147,924   778   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 80   108,968   107,581   —   (1,387)
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 60   81,726   80,686   —   (1,040)
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 20   26,901   26,896   —   (5)
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 10   13,450   13,447   —   (3)
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 10   13,449   13,446   —   (3)
Canadian Dollar,
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 2,167   1,732,112   1,704,523   —   (27,589)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 1,719   1,370,000   1,352,280   —   (17,720)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 1,389   1,101,349   1,092,473   —   (8,876)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 1,002   799,229   788,057   —   (11,172)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 949   760,150   746,610   —   (13,540)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 690   549,264   542,865   —   (6,399)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 550   440,187   432,657   —   (7,530)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 450   361,027   353,981   —   (7,046)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 325   260,083   255,853   —   (4,230)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 125   100,017   98,235   —   (1,782)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 75   60,002   59,026   —   (976)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 63   49,999   49,203   —   (796)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 50   40,000   39,499   —   (501)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 38   29,875   29,527   —   (348)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 25   20,045   19,883   —   (162)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 13   10,000   9,837   —   (163)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 13   9,992   9,852   —   (140)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 12   9,939   9,823   —   (116)
Chilean Peso,
Expiring 02/16/22   Morgan Stanley & Co. LLC   CLP 33,011   40,000   41,140   1,140   —
5
PGIM Wadhwani Systematic Absolute Return Fund
Schedule of Investments  (unaudited) (continued)
as of January 31, 2022
Forward foreign currency exchange contracts outstanding at January 31, 2022 (continued):
Purchase
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts (cont’d.):
Chilean Peso (cont’d.),
Expiring 02/16/22   Morgan Stanley & Co. LLC   CLP 24,466    $30,000    $30,491    $491    $—
Expiring 02/16/22   Morgan Stanley & Co. LLC   CLP 8,069   10,000   10,057   57   —
Chinese Renminbi,
Expiring 02/16/22   Morgan Stanley & Co. LLC   CNH 3,510   550,000   550,277   277   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   CNH 380   59,890   59,493   —   (397)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CNH 317   49,916   49,729   —   (187)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CNH 191   29,933   29,895   —   (38)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CNH 127   19,966   19,908   —   (58)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CNH 64   9,984   9,958   —   (26)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CNH 64   9,976   9,960   —   (16)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CNH 63   9,985   9,924   —   (61)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CNH —*   18   18   —   —
Colombian Peso,
Expiring 02/16/22   Morgan Stanley & Co. LLC   COP 158,554   40,000   40,084   84   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   COP 39,470   10,000   9,978   —   (22)
Czech Koruna,
Expiring 02/16/22   Morgan Stanley & Co. LLC   CZK 979   45,037   45,136   99   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   CZK 734   33,778   33,852   74   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   CZK 732   34,068   33,723   —   (345)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CZK 732   33,876   33,737   —   (139)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CZK 728   33,927   33,574   —   (353)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CZK 491   22,857   22,625   —   (232)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CZK 491   22,857   22,625   —   (232)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CZK 488   22,758   22,505   —   (253)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CZK 488   22,584   22,491   —   (93)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CZK 486   22,427   22,422   —   (5)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CZK 246   11,345   11,353   8   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   CZK 246   11,184   11,324   140   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   CZK 245   11,397   11,270   —   (127)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CZK 245   11,351   11,276   —   (75)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CZK 245   11,259   11,284   25   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   CZK 244   11,231   11,239   8   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   CZK 244   11,291   11,245   —   (46)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CZK 243   11,272   11,199   —   (73)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CZK 243   11,322   11,204   —   (118)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CZK —*   22   22   —   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   CZK —*   14   14   —   —
Euro,
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 1,240   1,405,801   1,393,522   —   (12,279)
6
PGIM Wadhwani Systematic Absolute Return Fund
Schedule of Investments  (unaudited) (continued)
as of January 31, 2022
Forward foreign currency exchange contracts outstanding at January 31, 2022 (continued):
Purchase
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts (cont’d.):
Euro (cont’d.),
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 350    $393,361    $393,333    $—    $(28)
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 330   372,698   370,857   —   (1,841)
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 80   90,697   89,905   —   (792)
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 80   90,697   89,905   —   (792)
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 70   79,939   78,666   —   (1,273)
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 50   56,194   56,190   —   (4)
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 30   34,359   33,714   —   (645)
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 30   33,455   33,715   260   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 20   22,588   22,476   —   (112)
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 20   22,303   22,476   173   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 20   22,588   22,476   —   (112)
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 20   22,478   22,476   —   (2)
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 20   22,674   22,476   —   (198)
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 10   11,337   11,238   —   (99)
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 10   11,152   11,239   87   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 10   11,294   11,238   —   (56)
Hungarian Forint,
Expiring 02/16/22   Morgan Stanley & Co. LLC   HUF 7,197   22,562   22,708   146   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   HUF 7,177   22,245   22,645   400   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   HUF 7,160   22,617   22,589   —   (28)
Expiring 02/16/22   Morgan Stanley & Co. LLC   HUF 7,135   22,520   22,511   —   (9)
Expiring 02/16/22   Morgan Stanley & Co. LLC   HUF 7,093   22,870   22,379   —   (491)
Expiring 02/16/22   Morgan Stanley & Co. LLC   HUF 3,594   11,266   11,339   73   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   HUF 3,589   11,234   11,324   90   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   HUF 3,589   11,123   11,323   200   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   HUF 3,580   11,309   11,295   —   (14)
Expiring 02/16/22   Morgan Stanley & Co. LLC   HUF 3,567   11,384   11,254   —   (130)
Expiring 02/16/22   Morgan Stanley & Co. LLC   HUF 3,567   11,384   11,254   —   (130)
Expiring 02/16/22   Morgan Stanley & Co. LLC   HUF 3,558   11,385   11,225   —   (160)
Expiring 02/16/22   Morgan Stanley & Co. LLC   HUF 3,556   11,379   11,219   —   (160)
Expiring 02/16/22   Morgan Stanley & Co. LLC   HUF 3,556   11,223   11,218   —   (5)
Expiring 02/16/22   Morgan Stanley & Co. LLC   HUF 3,556   11,316   11,220   —   (96)
Expiring 02/16/22   Morgan Stanley & Co. LLC   HUF 3,540   11,413   11,170   —   (243)
Expiring 02/16/22   Morgan Stanley & Co. LLC   HUF 1   4   4   —   —
Indian Rupee,
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 37,101   500,000   496,332   —   (3,668)
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 34,875   470,000   466,552   —   (3,448)
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 23,003   310,000   307,726   —   (2,274)
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 7,512   100,000   100,497   497   —
7
PGIM Wadhwani Systematic Absolute Return Fund
Schedule of Investments  (unaudited) (continued)
as of January 31, 2022
Forward foreign currency exchange contracts outstanding at January 31, 2022 (continued):
Purchase
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts (cont’d.):
Indian Rupee (cont’d.),
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 5,278    $70,000    $70,611    $611    $—
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 5,242   70,000   70,131   131   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 5,241   70,000   70,114   114   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 4,511   60,000   60,348   348   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 4,473   60,000   59,835   —   (165)
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 3,730   50,000   49,901   —   (99)
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 3,709   50,000   49,617   —   (383)
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 3,007   40,000   40,229   229   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 2,982   40,000   39,894   —   (106)
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 2,982   40,000   39,893   —   (107)
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 2,252   30,000   30,133   133   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 2,242   30,000   29,997   —   (3)
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 2,237   30,000   29,932   —   (68)
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 1,496   20,000   20,015   15   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 1,494   20,000   19,984   —   (16)
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 1,493   20,000   19,968   —   (32)
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 1,492   20,000   19,961   —   (39)
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 1,490   20,000   19,931   —   (69)
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 1,487   20,000   19,898   —   (102)
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 750   10,000   10,037   37   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 747   10,000   10,000   —   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 746   10,000   9,978   —   (22)
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 744   10,000   9,948   —   (52)
Indonesian Rupiah,
Expiring 02/16/22   Morgan Stanley & Co. LLC   IDR 430,686   30,000   30,013   13   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   IDR 143,556   10,000   10,004   4   —
Israeli Shekel,
Expiring 02/16/22   Morgan Stanley & Co. LLC   ILS 218   70,000   68,797   —   (1,203)
Expiring 02/16/22   Morgan Stanley & Co. LLC   ILS 31   9,990   9,890   —   (100)
Japanese Yen,
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 151,301   1,330,288   1,314,902   —   (15,386)
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 72,867   640,068   633,259   —   (6,809)
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 57,991   510,219   503,982   —   (6,237)
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 36,707   320,539   319,010   —   (1,529)
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 24,193   210,011   210,252   241   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 20,761   180,222   180,429   207   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 12,539   109,839   108,973   —   (866)
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 11,413   100,019   99,182   —   (837)
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 11,382   100,074   98,917   —   (1,157)
8
PGIM Wadhwani Systematic Absolute Return Fund
Schedule of Investments  (unaudited) (continued)
as of January 31, 2022
Forward foreign currency exchange contracts outstanding at January 31, 2022 (continued):
Purchase
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts (cont’d.):
Japanese Yen (cont’d.),
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 10,313    $90,059    $89,630    $—    $(429)
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 9,124   79,924   79,294   —   (630)
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 7,958   69,971   69,162   —   (809)
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 6,908   59,927   60,037   110   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 4,574   40,083   39,748   —   (335)
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 3,419   29,951   29,715   —   (236)
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 3,417   30,013   29,694   —   (319)
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 3,417   30,014   29,695   —   (319)
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 3,411   29,993   29,646   —   (347)
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 3,410   30,000   29,633   —   (367)
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 2,306   20,020   20,043   23   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 2,302   20,151   20,008   —   (143)
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 2,279   20,054   19,809   —   (245)
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 2,277   20,030   19,785   —   (245)
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 1,146   10,009   9,962   —   (47)
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 1,139   10,009   9,903   —   (106)
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 1   7   7   —   —
Mexican Peso,
Expiring 02/16/22   Morgan Stanley & Co. LLC   MXN 8,803   430,000   425,649   —   (4,351)
Expiring 02/16/22   Morgan Stanley & Co. LLC   MXN 3,480   170,000   168,268   —   (1,732)
Expiring 02/16/22   Morgan Stanley & Co. LLC   MXN 1,220   59,802   59,002   —   (800)
Expiring 02/16/22   Morgan Stanley & Co. LLC   MXN 1,029   49,746   49,773   27   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   MXN 819   40,000   39,594   —   (406)
Expiring 02/16/22   Morgan Stanley & Co. LLC   MXN 618   29,862   29,878   16   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   MXN 613   29,895   29,622   —   (273)
Expiring 02/16/22   Morgan Stanley & Co. LLC   MXN 610   29,886   29,486   —   (400)
Expiring 02/16/22   Morgan Stanley & Co. LLC   MXN 412   19,953   19,917   —   (36)
Expiring 02/16/22   Morgan Stanley & Co. LLC   MXN 409   19,936   19,798   —   (138)
Expiring 02/16/22   Morgan Stanley & Co. LLC   MXN 407   19,895   19,677   —   (218)
Expiring 02/16/22   Morgan Stanley & Co. LLC   MXN 406   19,912   19,629   —   (283)
Expiring 02/16/22   Morgan Stanley & Co. LLC   MXN 406   19,892   19,642   —   (250)
Expiring 02/16/22   Morgan Stanley & Co. LLC   MXN 406   19,909   19,626   —   (283)
Expiring 02/16/22   Morgan Stanley & Co. LLC   MXN 207   10,021   10,003   —   (18)
Expiring 02/16/22   Morgan Stanley & Co. LLC   MXN 205   9,958   9,889   —   (69)
Expiring 02/16/22   Morgan Stanley & Co. LLC   MXN 204   9,942   9,879   —   (63)
Expiring 02/16/22   Morgan Stanley & Co. LLC   MXN 204   9,970   9,879   —   (91)
Expiring 02/16/22   Morgan Stanley & Co. LLC   MXN 203   9,951   9,826   —   (125)
Expiring 02/16/22   Morgan Stanley & Co. LLC   MXN 201   9,628   9,736   108   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   MXN —*   22   22   —   —
9
PGIM Wadhwani Systematic Absolute Return Fund
Schedule of Investments  (unaudited) (continued)
as of January 31, 2022
Forward foreign currency exchange contracts outstanding at January 31, 2022 (continued):
Purchase
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts (cont’d.):
New Taiwanese Dollar,
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 1,374    $50,000    $49,479    $—    $(521)
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 830   30,000   29,884   —   (116)
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 827   30,000   29,787   —   (213)
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 278   10,000   10,017   17   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 277   10,000   9,970   —   (30)
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 276   10,000   9,938   —   (62)
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 276   10,000   9,952   —   (48)
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 276   10,000   9,930   —   (70)
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 275   10,000   9,906   —   (94)
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 275   10,000   9,902   —   (98)
New Zealand Dollar,
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 160   108,701   105,256   —   (3,445)
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 140   92,088   92,099   11   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 120   80,677   78,942   —   (1,735)
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 120   81,465   78,942   —   (2,523)
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 90   61,571   59,207   —   (2,364)
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 70   47,899   46,050   —   (1,849)
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 70   46,808   46,049   —   (759)
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 60   39,223   39,471   248   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 60   41,228   39,471   —   (1,757)
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 40   26,168   26,314   146   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 30   20,141   19,735   —   (406)
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 20   13,687   13,157   —   (530)
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 20   13,339   13,157   —   (182)
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 20   13,074   13,157   83   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 10   6,723   6,578   —   (145)
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 10   6,577   6,579   2   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 10   6,537   6,578   41   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 10   6,777   6,579   —   (198)
Norwegian Krone,
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 1,890   216,698   212,403   —   (4,295)
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 1,594   180,790   179,178   —   (1,612)
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 1,195   137,458   134,291   —   (3,167)
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 1,091   125,778   122,681   —   (3,097)
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 603   67,497   67,732   235   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 500   56,993   56,227   —   (766)
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 398   45,748   44,694   —   (1,054)
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 398   45,621   44,717   —   (904)
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 299   34,234   33,555   —   (679)
10
PGIM Wadhwani Systematic Absolute Return Fund
Schedule of Investments  (unaudited) (continued)
as of January 31, 2022
Forward foreign currency exchange contracts outstanding at January 31, 2022 (continued):
Purchase
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts (cont’d.):
Norwegian Krone (cont’d.),
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 298    $34,253    $33,464    $—    $(789)
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 298   34,303   33,458   —   (845)
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 199   22,874   22,347   —   (527)
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 198   22,868   22,305   —   (563)
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 100   11,291   11,190   —   (101)
Polish Zloty,
Expiring 02/16/22   Morgan Stanley & Co. LLC   PLN 136   33,966   33,329   —   (637)
Expiring 02/16/22   Morgan Stanley & Co. LLC   PLN 92   22,446   22,440   —   (6)
Expiring 02/16/22   Morgan Stanley & Co. LLC   PLN 91   22,914   22,226   —   (688)
Expiring 02/16/22   Morgan Stanley & Co. LLC   PLN 91   22,791   22,208   —   (583)
Expiring 02/16/22   Morgan Stanley & Co. LLC   PLN 91   22,914   22,226   —   (688)
Expiring 02/16/22   Morgan Stanley & Co. LLC   PLN 90   22,842   22,146   —   (696)
Expiring 02/16/22   Morgan Stanley & Co. LLC   PLN 46   11,244   11,241   —   (3)
Expiring 02/16/22   Morgan Stanley & Co. LLC   PLN 45   11,326   11,072   —   (254)
Russian Ruble,
Expiring 02/16/22   Morgan Stanley & Co. LLC   RUB 18,686   240,000   240,626   626   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   RUB 10,177   130,000   131,052   1,052   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   RUB 10,111   130,000   130,200   200   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   RUB 10,106   130,000   130,136   136   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   RUB 8,613   110,000   110,917   917   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   RUB 4,679   60,000   60,250   250   —
Singapore Dollar,
Expiring 02/16/22   Morgan Stanley & Co. LLC   SGD 94   69,969   69,665   —   (304)
Expiring 02/16/22   Morgan Stanley & Co. LLC   SGD 94   69,957   69,679   —   (278)
Expiring 02/16/22   Morgan Stanley & Co. LLC   SGD 54   39,981   39,822   —   (159)
Expiring 02/16/22   Morgan Stanley & Co. LLC   SGD 13   10,002   9,953   —   (49)
Expiring 02/16/22   Morgan Stanley & Co. LLC   SGD 13   10,005   9,970   —   (35)
Expiring 02/16/22   Morgan Stanley & Co. LLC   SGD 13   9,998   9,964   —   (34)
Expiring 02/16/22   Morgan Stanley & Co. LLC   SGD —*   25   25   —   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   SGD —*   14   14   —   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   SGD —*   16   16   —   —
South African Rand,
Expiring 02/16/22   Morgan Stanley & Co. LLC   ZAR 1,867   120,000   121,226   1,226   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   ZAR 308   19,938   19,974   36   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   ZAR 307   19,964   19,928   —   (36)
Expiring 02/16/22   Morgan Stanley & Co. LLC   ZAR 306   19,916   19,862   —   (54)
Expiring 02/16/22   Morgan Stanley & Co. LLC   ZAR 303   19,847   19,681   —   (166)
Expiring 02/16/22   Morgan Stanley & Co. LLC   ZAR 156   10,000   10,102   102   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   ZAR 155   9,888   10,067   179   —
11
PGIM Wadhwani Systematic Absolute Return Fund
Schedule of Investments  (unaudited) (continued)
as of January 31, 2022
Forward foreign currency exchange contracts outstanding at January 31, 2022 (continued):
Purchase
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts (cont’d.):
South African Rand (cont’d.),
Expiring 02/16/22   Morgan Stanley & Co. LLC   ZAR 155    $9,930    $10,040    $110    $—
Expiring 02/16/22   Morgan Stanley & Co. LLC   ZAR 154   9,955   9,996   41   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   ZAR 154   9,978   9,969   —   (9)
Expiring 02/16/22   Morgan Stanley & Co. LLC   ZAR 154   9,914   10,023   109   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   ZAR 154   9,967   9,997   30   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   ZAR 153   9,911   9,929   18   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   ZAR 153   9,959   9,941   —   (18)
Expiring 02/16/22   Morgan Stanley & Co. LLC   ZAR 152   9,923   9,840   —   (83)
Expiring 02/16/22   Morgan Stanley & Co. LLC   ZAR 151   9,971   9,799   —   (172)
South Korean Won,
Expiring 02/16/22   Morgan Stanley & Co. LLC   KRW 142,501   120,000   118,155   —   (1,845)
Expiring 02/16/22   Morgan Stanley & Co. LLC   KRW 23,834   20,000   19,762   —   (238)
Expiring 02/16/22   Morgan Stanley & Co. LLC   KRW 23,767   20,000   19,706   —   (294)
Expiring 02/16/22   Morgan Stanley & Co. LLC   KRW 12,101   10,000   10,034   34   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   KRW 11,990   10,000   9,941   —   (59)
Expiring 02/16/22   Morgan Stanley & Co. LLC   KRW 11,981   10,000   9,934   —   (66)
Expiring 02/16/22   Morgan Stanley & Co. LLC   KRW 11,947   10,000   9,906   —   (94)
Expiring 02/16/22   Morgan Stanley & Co. LLC   KRW 11,935   10,000   9,896   —   (104)
Expiring 02/16/22   Morgan Stanley & Co. LLC   KRW 11,925   10,000   9,888   —   (112)
Expiring 02/16/22   Morgan Stanley & Co. LLC   KRW 11,902   10,000   9,869   —   (131)
Expiring 02/16/22   Morgan Stanley & Co. LLC   KRW 11,881   10,000   9,851   —   (149)
Expiring 02/16/22   Morgan Stanley & Co. LLC   KRW 11,879   10,000   9,850   —   (150)
Swedish Krona,
Expiring 02/16/22   Morgan Stanley & Co. LLC   SEK 2,737   295,228   293,601   —   (1,627)
Expiring 02/16/22   Morgan Stanley & Co. LLC   SEK 1,841   206,467   197,501   —   (8,966)
Expiring 02/16/22   Morgan Stanley & Co. LLC   SEK 1,354   147,406   145,260   —   (2,146)
Expiring 02/16/22   Morgan Stanley & Co. LLC   SEK 1,132   125,589   121,362   —   (4,227)
Expiring 02/16/22   Morgan Stanley & Co. LLC   SEK 828   90,373   88,847   —   (1,526)
Expiring 02/16/22   Morgan Stanley & Co. LLC   SEK 316   33,436   33,875   439   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   SEK 316   33,461   33,900   439   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   SEK 211   22,782   22,656   —   (126)
Expiring 02/16/22   Morgan Stanley & Co. LLC   SEK 210   22,240   22,532   292   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   SEK 205   22,938   21,942   —   (996)
Expiring 02/16/22   Morgan Stanley & Co. LLC   SEK 205   22,906   21,940   —   (966)
Expiring 02/16/22   Morgan Stanley & Co. LLC   SEK 104   11,245   11,183   —   (62)
Expiring 02/16/22   Morgan Stanley & Co. LLC   SEK 102   11,371   10,988   —   (383)
Expiring 02/16/22   Morgan Stanley & Co. LLC   SEK —*   40   39   —   (1)
Swiss Franc,
Expiring 02/16/22   Morgan Stanley & Co. LLC   CHF 465   510,375   501,783   —   (8,592)
12
PGIM Wadhwani Systematic Absolute Return Fund
Schedule of Investments  (unaudited) (continued)
as of January 31, 2022
Forward foreign currency exchange contracts outstanding at January 31, 2022 (continued):
Purchase
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts (cont’d.):
Swiss Franc (cont’d.),
Expiring 02/16/22   Morgan Stanley & Co. LLC   CHF 285    $309,971    $307,979    $—    $(1,992)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CHF 256   280,167   276,085   —   (4,082)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CHF 221   240,000   239,058   —   (942)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CHF 148   160,000   159,365   —   (635)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CHF 140   150,063   150,798   735   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   CHF 46   50,008   49,687   —   (321)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CHF 27   30,021   29,516   —   (505)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CHF 19   20,340   20,118   —   (222)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CHF 9   9,997   10,046   49   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   CHF 9   9,993   9,847   —   (146)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CHF 9   9,978   9,862   —   (116)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CHF —*   20   20   —   —
Thai Baht,
Expiring 02/17/22   Morgan Stanley & Co. LLC   THB 1,329   40,031   39,904   —   (127)
Expiring 02/17/22   Morgan Stanley & Co. LLC   THB 660   20,144   19,808   —   (336)
Expiring 02/17/22   Morgan Stanley & Co. LLC   THB 331   10,018   9,951   —   (67)
Expiring 02/17/22   Morgan Stanley & Co. LLC   THB 331   10,018   9,951   —   (67)
Turkish Lira,
Expiring 02/16/22   Morgan Stanley & Co. LLC   TRY 2,267   160,000   168,835   8,835   —
              $32,469,494   $32,270,613   108,863   (307,744)
    
Sale
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts:
Australian Dollar,
Expiring 02/16/22   Morgan Stanley & Co. LLC   AUD 1,950    $1,406,260    $1,378,821    $27,439    $—
Expiring 02/16/22   Morgan Stanley & Co. LLC   AUD 1,450   1,025,170   1,025,278   —   (108)
Expiring 02/16/22   Morgan Stanley & Co. LLC   AUD 950   680,286   671,734   8,552   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   AUD 780   563,379   551,529   11,850   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   AUD 410   288,448   289,906   —   (1,458)
Expiring 02/16/22   Morgan Stanley & Co. LLC   AUD 400   282,805   282,835   —   (30)
Expiring 02/16/22   Morgan Stanley & Co. LLC   AUD 400   279,371   282,835   —   (3,464)
Expiring 02/16/22   Morgan Stanley & Co. LLC   AUD 360   253,271   254,551   —   (1,280)
Expiring 02/16/22   Morgan Stanley & Co. LLC   AUD 250   179,712   176,772   2,940   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   AUD 240   174,031   169,701   4,330   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   AUD 110   77,388   77,779   —   (391)
Expiring 02/16/22   Morgan Stanley & Co. LLC   AUD 110   76,827   77,780   —   (953)
13
PGIM Wadhwani Systematic Absolute Return Fund
Schedule of Investments  (unaudited) (continued)
as of January 31, 2022
Forward foreign currency exchange contracts outstanding at January 31, 2022 (continued):
Sale
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts (cont’d.):
Australian Dollar (cont’d.),
Expiring 02/16/22   Morgan Stanley & Co. LLC   AUD 50    $35,657    $35,354    $303    $—
Expiring 02/16/22   Morgan Stanley & Co. LLC   AUD 30   21,483   21,213   270   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   AUD 20   14,140   14,141   —   (1)
Expiring 02/16/22   Morgan Stanley & Co. LLC   AUD 10   7,223   7,071   152   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   AUD 10   7,131   7,070   61   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   AUD 10   7,161   7,071   90   —
Brazilian Real,
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 2,585   470,000   486,553   —   (16,553)
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 1,155   210,000   217,396   —   (7,396)
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 636   110,000   119,776   —   (9,776)
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 115   20,000   21,595   —   (1,595)
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 115   20,000   21,632   —   (1,632)
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 79   14,418   14,788   —   (370)
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 57   10,000   10,725   —   (725)
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 57   10,000   10,787   —   (787)
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 57   10,000   10,721   —   (721)
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 57   10,000   10,731   —   (731)
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 57   10,000   10,781   —   (781)
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 57   10,000   10,652   —   (652)
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 57   10,000   10,794   —   (794)
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 57   10,000   10,689   —   (689)
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 57   10,000   10,804   —   (804)
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 57   10,000   10,654   —   (654)
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 57   10,000   10,654   —   (654)
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 56   10,000   10,566   —   (566)
Expiring 02/02/22   Morgan Stanley & Co. LLC   BRL 54   10,000   10,208   —   (208)
Expiring 03/03/22   Morgan Stanley & Co. LLC   BRL 162   30,000   30,314   —   (314)
British Pound,
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 1,250   1,684,765   1,680,951   3,814   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 700   945,260   941,332   3,928   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 450   616,854   605,143   11,711   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 290   394,118   389,981   4,137   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 220   299,995   295,848   4,147   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 130   177,465   174,819   2,646   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 100   136,356   134,476   1,880   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 100   133,841   134,476   —   (635)
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 90   122,716   121,028   1,688   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 70   94,930   94,133   797   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 70   96,028   94,134   1,894   —
14
PGIM Wadhwani Systematic Absolute Return Fund
Schedule of Investments  (unaudited) (continued)
as of January 31, 2022
Forward foreign currency exchange contracts outstanding at January 31, 2022 (continued):
Sale
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts (cont’d.):
British Pound (cont’d.),
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 50    $68,105    $67,238    $867    $—
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 40   54,246   53,791   455   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 20   27,302   26,895   407   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 20   27,349   26,895   454   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 20   26,956   26,895   61   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 20   27,302   26,895   407   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 20   26,768   26,895   —   (127)
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 10   13,384   13,448   —   (64)
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 10   13,504   13,448   56   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 10   13,384   13,448   —   (64)
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 10   13,478   13,447   31   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 10   13,504   13,448   56   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   GBP 10   13,621   13,448   173   —
Canadian Dollar,
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 2,384   1,886,437   1,875,841   10,596   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 1,183   939,083   930,841   8,242   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 941   741,127   740,190   937   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 818   639,695   643,213   —   (3,518)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 213   169,895   167,892   2,003   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 179   140,621   140,769   —   (148)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 89   69,913   69,987   —   (74)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 51   39,947   40,167   —   (220)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 51   40,095   39,743   352   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 50   39,799   39,575   224   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 38   29,988   30,153   —   (165)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 25   20,041   20,016   25   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 25   19,936   19,701   235   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 13   9,988   10,043   —   (55)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 13   10,038   10,025   13   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   CAD 13   10,008   9,952   56   —
Chilean Peso,
Expiring 02/16/22   Morgan Stanley & Co. LLC   CLP 65,935   80,000   82,172   —   (2,172)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CLP 8,243   10,000   10,273   —   (273)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CLP 8,110   10,000   10,107   —   (107)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CLP 8,047   10,000   10,028   —   (28)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CLP 8,026   10,000   10,003   —   (3)
Chinese Renminbi,
Expiring 02/16/22   Morgan Stanley & Co. LLC   CNH 509   79,852   79,784   68   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   CNH 253   39,950   39,716   234   —
15
PGIM Wadhwani Systematic Absolute Return Fund
Schedule of Investments  (unaudited) (continued)
as of January 31, 2022
Forward foreign currency exchange contracts outstanding at January 31, 2022 (continued):
Sale
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts (cont’d.):
Chinese Renminbi (cont’d.),
Expiring 02/16/22   Morgan Stanley & Co. LLC   CNH 191    $29,956    $29,923    $33    $—
Expiring 02/16/22   Morgan Stanley & Co. LLC   CNH —*   37   37   —   —
Colombian Peso,
Expiring 02/16/22   Morgan Stanley & Co. LLC   COP 199,034   50,000   50,318   —   (318)
Expiring 02/16/22   Morgan Stanley & Co. LLC   COP 40,183   10,000   10,159   —   (159)
Expiring 02/16/22   Morgan Stanley & Co. LLC   COP 39,924   10,000   10,093   —   (93)
Expiring 02/16/22   Morgan Stanley & Co. LLC   COP 39,824   10,000   10,068   —   (68)
Czech Koruna,
Expiring 02/16/22   Morgan Stanley & Co. LLC   CZK 735   33,830   33,888   —   (58)
Euro,
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 1,230   1,398,568   1,382,285   16,283   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 1,040   1,182,518   1,168,760   13,758   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 590   670,934   663,046   7,888   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 490   557,231   550,666   6,565   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 380   431,359   427,047   4,312   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 350   399,725   393,333   6,392   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 310   352,593   348,380   4,213   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 180   206,479   202,286   4,193   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 160   181,372   179,809   1,563   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 130   147,182   146,095   1,087   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 130   147,558   146,095   1,463   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 110   124,328   123,619   709   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 100   113,217   112,381   836   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 70   79,118   78,667   451   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 50   56,753   56,190   563   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 50   56,609   56,191   418   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 50   56,758   56,191   567   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 50   56,753   56,190   563   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 50   56,679   56,191   488   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 50   56,513   56,191   322   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 40   45,406   44,952   454   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 40   44,595   44,953   —   (358)
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 40   45,210   44,952   258   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 40   45,287   44,953   334   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 40   45,884   44,952   932   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 40   45,287   44,953   334   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 40   44,596   44,954   —   (358)
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 30   34,262   33,714   548   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 20   22,743   22,476   267   —
16
PGIM Wadhwani Systematic Absolute Return Fund
Schedule of Investments  (unaudited) (continued)
as of January 31, 2022
Forward foreign currency exchange contracts outstanding at January 31, 2022 (continued):
Sale
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts (cont’d.):
Euro (cont’d.),
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 20    $22,841    $22,476    $365    $—
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 20   22,605   22,476   129   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 20   22,703   22,476   227   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 10   11,421   11,238   183   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 10   11,149   11,238   —   (89)
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 10   11,336   11,238   98   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 10   11,149   11,238   —   (89)
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 10   11,336   11,238   98   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 10   11,322   11,238   84   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 10   11,336   11,238   98   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   EUR 10   11,351   11,238   113   —
Hungarian Forint,
Expiring 02/16/22   Morgan Stanley & Co. LLC   HUF 17,936   56,349   56,588   —   (239)
Expiring 02/16/22   Morgan Stanley & Co. LLC   HUF 3,558   11,284   11,227   57   —
Indian Rupee,
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 21,869   290,000   292,558   —   (2,558)
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 6,780   90,000   90,702   —   (702)
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 5,950   80,000   79,601   399   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 5,229   70,000   69,956   44   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 3,745   50,000   50,095   —   (95)
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 3,709   50,000   49,616   384   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 2,967   40,000   39,694   306   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   INR 1,487   20,000   19,897   103   —
Indonesian Rupiah,
Expiring 02/16/22   Morgan Stanley & Co. LLC   IDR 432,176   30,000   30,117   —   (117)
Expiring 02/16/22   Morgan Stanley & Co. LLC   IDR 287,899   20,000   20,063   —   (63)
Expiring 02/16/22   Morgan Stanley & Co. LLC   IDR 143,676   10,000   10,012   —   (12)
Israeli Shekel,
Expiring 02/16/22   Morgan Stanley & Co. LLC   ILS 352   110,017   111,201   —   (1,184)
Expiring 02/16/22   Morgan Stanley & Co. LLC   ILS 95   29,801   29,935   —   (134)
Expiring 02/16/22   Morgan Stanley & Co. LLC   ILS 32   10,000   10,110   —   (110)
Expiring 02/16/22   Morgan Stanley & Co. LLC   ILS 32   10,002   10,020   —   (18)
Expiring 02/16/22   Morgan Stanley & Co. LLC   ILS 32   10,004   10,048   —   (44)
Expiring 02/16/22   Morgan Stanley & Co. LLC   ILS 31   9,996   9,850   146   —
Japanese Yen,
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 61,875   540,042   537,733   2,309   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 58,836   510,000   511,326   —   (1,326)
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 57,675   500,000   501,231   —   (1,231)
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 51,914   450,000   451,170   —   (1,170)
17
PGIM Wadhwani Systematic Absolute Return Fund
Schedule of Investments  (unaudited) (continued)
as of January 31, 2022
Forward foreign currency exchange contracts outstanding at January 31, 2022 (continued):
Sale
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts (cont’d.):
Japanese Yen (cont’d.),
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 46,060    $400,728    $400,295    $433    $—
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 40,376   350,000   350,898   —   (898)
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 20,557   179,834   178,653   1,181   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 11,463   100,456   99,624   832   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 8,021   70,009   69,710   299   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 4,583   40,005   39,834   171   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 3,438   30,004   29,876   128   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   JPY 1,146   10,001   9,958   43   —
Mexican Peso,
Expiring 02/16/22   Morgan Stanley & Co. LLC   MXN 2,066   99,892   99,879   13   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   MXN 414   20,017   20,031   —   (14)
Expiring 02/16/22   Morgan Stanley & Co. LLC   MXN 205   9,976   9,896   80   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   MXN 1   61   61   —   —
New Taiwanese Dollar,
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 18,905   680,000   680,850   —   (850)
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 6,959   250,000   250,644   —   (644)
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 5,246   190,000   188,935   1,065   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 4,429   160,000   159,494   506   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 4,142   150,000   149,159   841   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 2,490   90,000   89,662   338   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 2,212   80,000   79,679   321   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 1,658   60,000   59,712   288   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 1,381   50,000   49,720   280   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 1,108   40,000   39,891   109   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 825   30,000   29,703   297   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 278   10,000   10,015   —   (15)
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 277   10,000   9,972   28   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 277   10,000   9,971   29   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 276   10,000   9,937   63   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 276   10,000   9,934   66   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 276   10,000   9,938   62   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 276   10,000   9,931   69   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 276   10,000   9,954   46   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 276   10,000   9,938   62   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 275   10,000   9,911   89   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 275   10,000   9,904   96   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 275   10,000   9,904   96   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   TWD 275   10,000   9,909   91   —
18
PGIM Wadhwani Systematic Absolute Return Fund
Schedule of Investments  (unaudited) (continued)
as of January 31, 2022
Forward foreign currency exchange contracts outstanding at January 31, 2022 (continued):
Sale
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts (cont’d.):
New Zealand Dollar,
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 600    $407,779    $394,710    $13,069    $—
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 350   237,849   230,248   7,601   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 220   149,018   144,727   4,291   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 130   88,539   85,521   3,018   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 120   81,505   78,942   2,563   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 110   73,464   72,364   1,100   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 110   74,773   72,364   2,409   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 90   60,959   59,207   1,752   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 80   53,312   52,628   684   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 80   54,929   52,628   2,301   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 70   48,080   46,050   2,030   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 50   33,436   32,893   543   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 40   26,674   26,314   360   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 40   26,674   26,314   360   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 40   26,728   26,314   414   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 40   26,674   26,314   360   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 40   26,747   26,314   433   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 40   26,453   26,314   139   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 40   26,366   26,314   52   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 30   19,758   19,735   23   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 30   19,992   19,736   256   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 30   20,271   19,736   535   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 30   20,005   19,735   270   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 30   19,758   19,735   23   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 30   20,376   19,735   641   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 20   13,675   13,157   518   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 20   13,529   13,157   372   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 20   13,574   13,157   417   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 20   13,109   13,157   —   (48)
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 20   13,448   13,157   291   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 20   13,374   13,157   217   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 20   13,762   13,157   605   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 20   13,151   13,157   —   (6)
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 20   13,374   13,157   217   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 20   13,446   13,157   289   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 20   13,328   13,157   171   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 20   13,331   13,157   174   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 10   6,687   6,578   109   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 10   6,679   6,579   100   —
19
PGIM Wadhwani Systematic Absolute Return Fund
Schedule of Investments  (unaudited) (continued)
as of January 31, 2022
Forward foreign currency exchange contracts outstanding at January 31, 2022 (continued):
Sale
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts (cont’d.):
New Zealand Dollar (cont’d.),
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 10    $6,792    $6,578    $214    $—
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 10   6,576   6,579   —   (3)
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 10   6,796   6,578   218   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NZD 10   6,720   6,579   141   —
Norwegian Krone,
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 3,558   396,480   399,882   —   (3,402)
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 3,097   348,244   348,093   151   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 2,706   304,733   304,143   590   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 2,005   225,843   225,406   437   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 1,798   200,733   202,070   —   (1,337)
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 1,790   204,049   201,167   2,882   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 1,199   134,814   134,756   58   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 1,098   122,652   123,469   —   (817)
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 1,094   124,742   122,980   1,762   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 1,003   111,449   112,780   —   (1,331)
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 702   78,010   78,942   —   (932)
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 503   56,097   56,578   —   (481)
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 301   33,827   33,786   41   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 297   33,874   33,439   435   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 200   22,551   22,524   27   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 200   22,341   22,490   —   (149)
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 100   11,363   11,202   161   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 99   11,292   11,147   145   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   NOK 98   11,055   11,042   13   —
Polish Zloty,
Expiring 02/16/22   Morgan Stanley & Co. LLC   PLN 410   100,157   100,457   —   (300)
Expiring 02/16/22   Morgan Stanley & Co. LLC   PLN 322   79,741   78,747   994   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   PLN 275   67,721   67,294   427   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   PLN 138   33,884   33,670   214   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   PLN 92   22,568   22,425   143   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   PLN 92   22,286   22,501   —   (215)
Expiring 02/16/22   Morgan Stanley & Co. LLC   PLN 91   22,245   22,312   —   (67)
Expiring 02/16/22   Morgan Stanley & Co. LLC   PLN 91   22,245   22,312   —   (67)
Expiring 02/16/22   Morgan Stanley & Co. LLC   PLN 90   22,638   22,148   490   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   PLN 46   11,084   11,191   —   (107)
Expiring 02/16/22   Morgan Stanley & Co. LLC   PLN 46   11,326   11,185   141   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   PLN 46   11,287   11,216   71   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   PLN 46   11,298   11,226   72   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   PLN 45   11,313   11,068   245   —
20
PGIM Wadhwani Systematic Absolute Return Fund
Schedule of Investments  (unaudited) (continued)
as of January 31, 2022
Forward foreign currency exchange contracts outstanding at January 31, 2022 (continued):
Sale
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts (cont’d.):
Polish Zloty (cont’d.),
Expiring 02/16/22   Morgan Stanley & Co. LLC   PLN 45    $11,220    $11,080    $140    $—
Russian Ruble,
Expiring 02/16/22   Morgan Stanley & Co. LLC   RUB 12,678   160,000   163,256   —   (3,256)
Expiring 02/16/22   Morgan Stanley & Co. LLC   RUB 12,666   160,000   163,104   —   (3,104)
Expiring 02/16/22   Morgan Stanley & Co. LLC   RUB 12,573   160,000   161,905   —   (1,905)
Expiring 02/16/22   Morgan Stanley & Co. LLC   RUB 11,742   150,000   151,205   —   (1,205)
Expiring 02/16/22   Morgan Stanley & Co. LLC   RUB 11,002   140,000   141,676   —   (1,676)
Expiring 02/16/22   Morgan Stanley & Co. LLC   RUB 10,883   140,000   140,149   —   (149)
Expiring 02/16/22   Morgan Stanley & Co. LLC   RUB 7,169   90,000   92,319   —   (2,319)
Expiring 02/16/22   Morgan Stanley & Co. LLC   RUB 6,953   90,000   89,540   460   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   RUB 6,321   80,000   81,400   —   (1,400)
Expiring 02/16/22   Morgan Stanley & Co. LLC   RUB 3,980   50,000   51,257   —   (1,257)
Expiring 02/16/22   Morgan Stanley & Co. LLC   RUB 3,909   50,000   50,344   —   (344)
Expiring 02/16/22   Morgan Stanley & Co. LLC   RUB 3,115   40,000   40,108   —   (108)
Expiring 02/16/22   Morgan Stanley & Co. LLC   RUB 1,584   20,000   20,395   —   (395)
Singapore Dollar,
Expiring 02/16/22   Morgan Stanley & Co. LLC   SGD 81   60,000   60,010   —   (10)
Expiring 02/16/22   Morgan Stanley & Co. LLC   SGD 41   30,000   30,005   —   (5)
Expiring 02/16/22   Morgan Stanley & Co. LLC   SGD 27   20,008   19,907   101   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   SGD 14   9,989   10,028   —   (39)
Expiring 02/16/22   Morgan Stanley & Co. LLC   SGD 14   10,007   10,046   —   (39)
Expiring 02/16/22   Morgan Stanley & Co. LLC   SGD 14   10,006   10,045   —   (39)
Expiring 02/16/22   Morgan Stanley & Co. LLC   SGD 13   10,000   9,983   17   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   SGD 13   9,985   9,968   17   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   SGD —*   15   15   —   —
South African Rand,
Expiring 02/16/22   Morgan Stanley & Co. LLC   ZAR 614   39,963   39,828   135   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   ZAR 153   10,020   9,944   76   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   ZAR 150   9,880   9,761   119   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   ZAR 1   60   60   —   —
South Korean Won,
Expiring 02/16/22   Morgan Stanley & Co. LLC   KRW 333,327   280,000   276,379   3,621   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   KRW 217,906   180,000   180,678   —   (678)
Expiring 02/16/22   Morgan Stanley & Co. LLC   KRW 71,952   60,000   59,659   341   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   KRW 48,401   40,000   40,132   —   (132)
Expiring 02/16/22   Morgan Stanley & Co. LLC   KRW 36,175   30,000   29,994   6   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   KRW 35,828   30,000   29,707   293   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   KRW 35,734   30,000   29,629   371   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   KRW 23,879   20,000   19,799   201   —
21
PGIM Wadhwani Systematic Absolute Return Fund
Schedule of Investments  (unaudited) (continued)
as of January 31, 2022
Forward foreign currency exchange contracts outstanding at January 31, 2022 (continued):
Sale
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts (cont’d.):
South Korean Won (cont’d.),
Expiring 02/16/22   Morgan Stanley & Co. LLC   KRW 11,992    $10,000    $9,943    $57    $—
Expiring 02/16/22   Morgan Stanley & Co. LLC   KRW 11,986   10,000   9,938   62   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   KRW 11,971   10,000   9,925   75   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   KRW 11,962   10,000   9,918   82   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   KRW 11,925   10,000   9,888   112   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   KRW 11,913   10,000   9,878   122   —
Swedish Krona,
Expiring 02/16/22   Morgan Stanley & Co. LLC   SEK 2,301   247,042   246,834   208   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   SEK 1,757   193,075   188,495   4,580   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   SEK 1,648   182,565   176,786   5,779   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   SEK 1,149   124,166   123,217   949   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   SEK 938   99,894   100,559   —   (665)
Expiring 02/16/22   Morgan Stanley & Co. LLC   SEK 627   66,835   67,280   —   (445)
Expiring 02/16/22   Morgan Stanley & Co. LLC   SEK 523   56,131   56,084   47   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   SEK 414   45,450   44,372   1,078   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   SEK 209   22,451   22,432   19   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   SEK 208   22,200   22,348   —   (148)
Expiring 02/16/22   Morgan Stanley & Co. LLC   SEK 104   11,291   11,205   86   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   SEK 104   11,290   11,204   86   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   SEK 103   11,343   11,074   269   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   SEK 103   11,175   11,092   83   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   SEK 103   11,377   11,017   360   —
Swiss Franc,
Expiring 02/16/22   Morgan Stanley & Co. LLC   CHF 804   880,567   868,206   12,361   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   CHF 533   580,078   575,144   4,934   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   CHF 302   329,619   326,322   3,297   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   CHF 201   220,708   216,838   3,870   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   CHF 186   199,477   200,369   —   (892)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CHF 119   130,681   128,783   1,898   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   CHF 65   69,984   70,001   —   (17)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CHF 46   49,898   50,121   —   (223)
Expiring 02/16/22   Morgan Stanley & Co. LLC   CHF 18   20,009   19,658   351   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   CHF 18   20,016   19,735   281   —
Expiring 02/16/22   Morgan Stanley & Co. LLC   CHF 9   10,010   10,055   —   (45)
Thai Baht,
Expiring 02/17/22   Morgan Stanley & Co. LLC   THB 2,333   70,000   70,060   —   (60)
Expiring 02/17/22   Morgan Stanley & Co. LLC   THB 666   19,965   20,013   —   (48)
Expiring 02/17/22   Morgan Stanley & Co. LLC   THB 333   10,023   10,008   15   —
Expiring 02/17/22   Morgan Stanley & Co. LLC   THB 332   9,994   9,970   24   —
22
PGIM Wadhwani Systematic Absolute Return Fund
Schedule of Investments  (unaudited) (continued)
as of January 31, 2022
Forward foreign currency exchange contracts outstanding at January 31, 2022 (continued):
Sale
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts (cont’d.):
Thai Baht (cont’d.),
Expiring 02/17/22   Morgan Stanley & Co. LLC   THB 331    $10,008    $9,927    $81    $—
Expiring 02/17/22   Morgan Stanley & Co. LLC   THB 330   9,983   9,915   68   —
              $40,522,042   $40,313,210   313,451   (104,619)
                      $422,314   $(412,363)
*  Less than 500.                          
Cross currency exchange contracts outstanding at January 31, 2022:
Settlement   Type   Notional
Amount
(000) 		  In Exchange
For (000) 		  Unrealized
Appreciation 		  Unrealized
Depreciation 		  Counterparty
OTC Cross Currency Exchange Contracts:
02/16/22   Buy   CZK 736   EUR 30    $203    $—   Morgan Stanley & Co. LLC
02/16/22   Buy   CZK 3,435   EUR 140   964   —   Morgan Stanley & Co. LLC
02/16/22   Buy   CZK 5,397   EUR 220   1,515   —   Morgan Stanley & Co. LLC
02/16/22   Buy   EUR 10   SEK 103   218   —   Morgan Stanley & Co. LLC
02/16/22   Buy   EUR 60   PLN 273   653   —   Morgan Stanley & Co. LLC
02/16/22   Buy   EUR 180   SEK 1,850   3,880   —   Morgan Stanley & Co. LLC
02/16/22   Buy   EUR 180   SEK 1,850   3,900   —   Morgan Stanley & Co. LLC
02/16/22   Buy   EUR 670   SEK 6,884   14,558   —   Morgan Stanley & Co. LLC
02/16/22   Buy   HUF 21,442   EUR 60   223   —   Morgan Stanley & Co. LLC
02/16/22   Buy   HUF 28,614   EUR 80   373   —   Morgan Stanley & Co. LLC
02/16/22   Buy   NOK 3,381   EUR 340   —   (2,053)   Morgan Stanley & Co. LLC
02/16/22   Buy   NOK 6,562   EUR 660   —   (4,171)   Morgan Stanley & Co. LLC
                    $26,487   $(6,224)    
    
23
PGIM Wadhwani Systematic Absolute Return Fund
Schedule of Investments  (unaudited) (continued)
as of January 31, 2022
Total return swap agreements outstanding at January 31, 2022:
Reference Entity   Financing
Rate 		  Counterparty   Termination
Date 		  Long (Short)
Notional
Amount
(000)#(1) 		  Fair
Value 		  Upfront
Premiums
Paid
(Received) 		  Unrealized
Appreciation
(Depreciation)(2)
OTC Total Return Swap Agreement:
Bovespa Index(T)   –   Morgan Stanley & Co. LLC   2/16/22   BRL 542   $(3,959)   $—   $(3,959)
(1) On a long total return swap, the Fund receives payments for any positive return on the reference entity (makes payments for any negative return) and pays the financing rate. On a short total return swap, the Fund makes payments for any positive return on the reference entity (receives payments for any negative return) and receives the financing rate.
(2) Upfront/recurring fees or commissions, as applicable, are included in the net unrealized appreciation (depreciation).
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).
24