0001752724-23-068066.txt : 20230327 0001752724-23-068066.hdr.sgml : 20230327 20230327151939 ACCESSION NUMBER: 0001752724-23-068066 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230131 FILED AS OF DATE: 20230327 DATE AS OF CHANGE: 20230327 PERIOD START: 20231031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRUDENTIAL WORLD FUND, INC. CENTRAL INDEX KEY: 0000741350 IRS NUMBER: 133204887 STATE OF INCORPORATION: MD FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-03981 FILM NUMBER: 23764307 BUSINESS ADDRESS: STREET 1: 655 BROAD STREET STREET 2: 17TH FLOOR CITY: NEWARK STATE: NJ ZIP: 07102 BUSINESS PHONE: (973) 367-8982 MAIL ADDRESS: STREET 1: 655 BROAD STREET STREET 2: 17TH FLOOR CITY: NEWARK STATE: NJ ZIP: 07102 FORMER COMPANY: FORMER CONFORMED NAME: PRUDENTIAL WORLD FUND INC DATE OF NAME CHANGE: 19960807 FORMER COMPANY: FORMER CONFORMED NAME: PRUDENTIAL GLOBAL FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PRUDENTIAL BACHE GLOBAL FUND INC DATE OF NAME CHANGE: 19911230 0000741350 S000059803 PGIM Emerging Markets Debt Hard Currency Fund C000195653 Class A PDHAX C000195654 Class C PDHCX C000195655 Class R6 PDHQX C000195656 Class Z PDHVX NPORT-P 1 primary_doc.xml NPORT-P false 0000741350 XXXXXXXX S000059803 C000195655 C000195654 C000195656 C000195653 Prudential World Fund, Inc. 811-03981 0000741350 5493003FFF3WYM74WH03 655 Broad Street Newark 07102-4077 1-800-225-1852 PGIM Emerging Markets Debt Hard Currency Fund S000059803 5493008RPBIYQYY8NR30 2023-10-31 2023-01-31 N 202138224.83 6402782.44 195735442.39 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 352383.65000000 0.00000000 0.00000000 3412044.15000000 EUR USD N J.P. 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Kelly Chief Financial Officer XXXX NPORT-EX 2 PIDPC00PRU022823.htm
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Long-Term Investments 95.2%          
Corporate Bonds 24.6%
Azerbaijan 0.4%
Southern Gas Corridor CJSC,
Gov’t. Gtd. Notes
6.875 % 03/24/26   450  $462,319
State Oil Co. of the Azerbaijan Republic,
Sr. Unsec’d. Notes
6.950 03/18/30   400 416,450
          878,769
Bahrain 0.5%
Oil & Gas Holding Co. BSCC (The),          
Sr. Unsec’d. Notes 7.625 11/07/24   400 409,950
Sr. Unsec’d. Notes 8.375 11/07/28   500 534,312
          944,262
Brazil 0.6%
Banco do Brasil SA,
Sr. Unsec’d. Notes
4.875 01/11/29   200 188,975
Globo Comunicacao e Participacoes SA,
Sr. Unsec’d. Notes
4.875 01/22/30   200 169,912
JSM Global Sarl,
Gtd. Notes, 144A
4.750 10/20/30(d)   400 65,000
Nexa Resources SA,
Gtd. Notes
6.500 01/18/28   410 404,721
Petrobras Global Finance BV,          
Gtd. Notes 5.093 01/15/30   80 75,368
Gtd. Notes 5.375 10/01/29 GBP 100 109,477
Gtd. Notes(a) 5.600 01/03/31   115 110,952
     
 
Suzano Austria GmbH,
Gtd. Notes
3.750 01/15/31   150 127,958
          1,252,363
Chile 1.3%
Alfa Desarrollo SpA,
Sr. Sec’d. Notes, 144A
4.550 09/27/51   199 160,274
Corp. Nacional del Cobre de Chile,          
Sr. Unsec’d. Notes 3.000 09/30/29   200 178,412
Sr. Unsec’d. Notes 4.250 07/17/42   360 308,288
Sr. Unsec’d. Notes 4.875 11/04/44   600 562,425
Sr. Unsec’d. Notes 6.150 10/24/36   100 106,988
Sr. Unsec’d. Notes, 144A 4.875 11/04/44   200 187,475
1

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Chile (cont’d.)
Corp. Nacional del Cobre de Chile, (cont’d.)          
Sr. Unsec’d. Notes, 144A 5.125 % 02/02/33   200   $200,398
     
 
Empresa Nacional del Petroleo,
Sr. Unsec’d. Notes, 144A
3.450 09/16/31   200 169,912
Interchile SA,
Sr. Sec’d. Notes, 144A
4.500 06/30/56   200 169,875
Mercury Chile Holdco LLC,
Sr. Sec’d. Notes
6.500 01/24/27   400 384,300
VTR Finance NV,
Sr. Unsec’d. Notes
6.375 07/15/28   200 82,676
          2,511,023
China 1.0%
Agile Group Holdings Ltd.,
Sr. Sec’d. Notes
6.050 10/13/25   200 112,500
CNAC HK Finbridge Co. Ltd.,          
Gtd. Notes 3.000 09/22/30   300 256,115
Gtd. Notes 3.875 06/19/29   500 458,815
     
 
ENN Clean Energy International Investment Ltd.,
Gtd. Notes, 144A
3.375 05/12/26   200 180,250
New Metro Global Ltd.,
Gtd. Notes
4.800 12/15/24   200 170,000
Prosus NV,
Sr. Unsec’d. Notes, 144A
4.193 01/19/32   550 471,226
Sinopec Group Overseas Development 2012 Ltd.,
Gtd. Notes
4.875 05/17/42   200 195,160
Sinopec Group Overseas Development 2018 Ltd.,
Gtd. Notes, 144A
3.680 08/08/49   200 161,000
Sunac China Holdings Ltd.,
Sr. Sec’d. Notes
6.500 01/10/25(d)   200 57,000
          2,062,066
Colombia 0.7%
Colombia Telecomunicaciones SA ESP,
Sr. Unsec’d. Notes, 144A
4.950 07/17/30   200 172,912
Ecopetrol SA,          
Sr. Unsec’d. Notes 4.625 11/02/31   76 59,854
Sr. Unsec’d. Notes 6.875 04/29/30   453 422,300
Sr. Unsec’d. Notes 8.875 01/13/33   476 487,329
2

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Colombia (cont’d.)
     
 
Grupo Aval Ltd.,
Gtd. Notes, 144A
4.375 % 02/04/30   200  $164,740
          1,307,135
Costa Rica 0.1%
Instituto Costarricense de Electricidad,
Sr. Unsec’d. Notes, 144A
6.750 10/07/31   200 191,413
Ghana 0.1%
Tullow Oil PLC,
Sr. Sec’d. Notes, 144A
10.250 05/15/26   200 171,500
Guatemala 0.4%
CT Trust,
Sr. Sec’d. Notes, 144A
5.125 02/03/32   200 174,500
Energuate Trust,
Gtd. Notes
5.875 05/03/27   400 381,450
Millicom International Cellular SA,
Sr. Unsec’d. Notes, 144A
4.500 04/27/31   200 169,300
          725,250
India 1.7%
Adani Ports & Special Economic Zone Ltd.,
Sr. Unsec’d. Notes, 144A
5.000 08/02/41   200 139,000
Azure Power Solar Energy Pvt. Ltd.,
Sr. Sec’d. Notes, 144A, MTN
5.650 12/24/24   200 167,000
CA Magnum Holdings,
Sr. Sec’d. Notes, 144A
5.375 10/31/26   400 368,000
GMR Hyderabad International Airport Ltd.,
Sr. Sec’d. Notes
4.250 10/27/27   400 347,700
HPCL-Mittal Energy Ltd.,
Sr. Unsec’d. Notes
5.250 04/28/27   400 372,000
NTPC Ltd.,
Sr. Unsec’d. Notes, EMTN
2.750 02/01/27 EUR 100 100,072
Periama Holdings LLC,
Gtd. Notes
5.950 04/19/26   400 383,950
Power Finance Corp. Ltd.,          
Sr. Unsec’d. Notes 4.500 06/18/29   800 744,150
Sr. Unsec’d. Notes, 144A, MTN 6.150 12/06/28   200 204,870
     
 
3

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
India (cont’d.)
     
Reliance Industries Ltd.,
Sr. Unsec’d. Notes, 144A
3.625 % 01/12/52   250  $177,632
Summit Digitel Infrastructure Ltd.,
Sr. Sec’d. Notes, 144A
2.875 08/12/31   235 186,938
TML Holdings Pte Ltd.,
Sr. Unsec’d. Notes
5.500 06/03/24   200 193,500
          3,384,812
Indonesia 2.1%
Cikarang Listrindo Tbk PT,
Sr. Unsec’d. Notes, 144A
4.950 09/14/26   200 189,037
Freeport Indonesia PT,
Sr. Unsec’d. Notes, 144A, MTN
5.315 04/14/32   200 189,522
Indofood CBP Sukses Makmur Tbk PT,
Sr. Unsec’d. Notes
3.541 04/27/32   200 167,522
Indonesia Asahan Aluminium Persero PT,          
Sr. Unsec’d. Notes 5.450 05/15/30   700 697,506
Sr. Unsec’d. Notes, 144A 4.750 05/15/25   200 198,022
Pertamina Persero PT,          
Sr. Unsec’d. Notes 6.000 05/03/42   200 199,500
Sr. Unsec’d. Notes, EMTN 3.100 01/21/30   200 176,663
Sr. Unsec’d. Notes, EMTN 3.650 07/30/29   200 184,522
Sr. Unsec’d. Notes, EMTN 4.700 07/30/49   200 169,788
Sr. Unsec’d. Notes, EMTN 6.500 11/07/48   200 207,750
Perusahaan Listrik Negara PT,          
Sr. Unsec’d. Notes 1.875 11/05/31 EUR 100 79,756
Sr. Unsec’d. Notes 2.875 10/25/25 EUR 200 210,336
Sr. Unsec’d. Notes, 144A, MTN 5.450 05/21/28   620 624,526
Sr. Unsec’d. Notes, 144A, MTN 6.150 05/21/48   200 194,750
Sr. Unsec’d. Notes, EMTN 4.125 05/15/27   250 241,766
Sr. Unsec’d. Notes, EMTN 6.150 05/21/48   400 389,500
          4,120,466
Israel 0.7%
Bank Leumi Le-Israel BM,
Sr. Unsec’d. Notes, 144A
5.125 07/27/27   203 202,543
Energean Israel Finance Ltd.,          
Sr. Sec’d. Notes, 144A 4.875 03/30/26   75 70,256
Sr. Sec’d. Notes, 144A 5.375 03/30/28   385 353,045
Sr. Sec’d. Notes, 144A 5.875 03/30/31   215 192,801
4

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Israel (cont’d.)
Leviathan Bond Ltd.,          
Sr. Sec’d. Notes, 144A 6.125 % 06/30/25   200  $197,600
Sr. Sec’d. Notes, 144A 6.750 06/30/30   300 290,869
          1,307,114
Jamaica 0.1%
Digicel International Finance Ltd./Digicel
International Holdings Ltd.,
         
Gtd. Notes, 144A (original cost $29,599; purchased 10/23/20)(f) 8.000 12/31/26   39 16,623
Gtd. Notes, 144A, Cash coupon 6.000% and PIK 7.000% (original cost $55,933; purchased 10/23/20 - 12/15/22)(f) 13.000 12/31/25   59 29,463
Sr. Sec’d. Notes, 144A (original cost $97,967; purchased 10/23/20)(f) 8.750 05/25/24   97 83,263
          129,349
Kazakhstan 0.8%
KazMunayGas National Co. JSC,          
Sr. Unsec’d. Notes 3.500 04/14/33   200 151,876
Sr. Unsec’d. Notes 4.750 04/19/27   390 361,969
Sr. Unsec’d. Notes 5.750 04/19/47   400 319,457
Sr. Unsec’d. Notes 6.375 10/24/48   400 342,000
Sr. Unsec’d. Notes, EMTN 5.375 04/24/30   400 369,000
          1,544,302
Kuwait 0.2%
MEGlobal Canada ULC,
Gtd. Notes, 144A, MTN
5.875 05/18/30   400 414,325
Malaysia 1.3%
GENM Capital Labuan Ltd.,
Gtd. Notes
3.882 04/19/31   400 322,560
Gohl Capital Ltd.,
Gtd. Notes
4.250 01/24/27   250 229,688
Petronas Capital Ltd.,          
Gtd. Notes, 144A, MTN 4.550 04/21/50   800 745,150
Gtd. Notes, EMTN 2.480 01/28/32   400 338,328
5

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Malaysia (cont’d.)
Petronas Capital Ltd., (cont’d.)          
Gtd. Notes, EMTN 4.550 % 04/21/50   700  $652,006
Gtd. Notes, EMTN 4.800 04/21/60   200 193,000
          2,480,732
Mexico 5.3%
Cemex SAB de CV,
Gtd. Notes(a)
5.450 11/19/29   400 384,430
Comision Federal de Electricidad,          
Gtd. Notes 4.688 05/15/29   510 468,021
Gtd. Notes, 144A 4.688 05/15/29   200 183,538
     
 
FEL Energy VI Sarl,
Sr. Sec’d. Notes, 144A
5.750 12/01/40   217 188,264
Fermaca Enterprises S de RL de CV,
Sr. Sec’d. Notes
6.375 03/30/38   212 202,831
Mexico City Airport Trust,          
Sr. Sec’d. Notes 3.875 04/30/28   200 190,102
Sr. Sec’d. Notes 4.250 10/31/26   650 627,372
Sr. Sec’d. Notes 5.500 07/31/47   1,820 1,466,557
Petroleos Mexicanos,          
Gtd. Notes 5.350 02/12/28   1,042 906,540
Gtd. Notes 6.350 02/12/48   376 245,302
Gtd. Notes 6.490 01/23/27   305 285,312
Gtd. Notes 6.500 03/13/27   293 276,087
Gtd. Notes 6.500 01/23/29   830 749,531
Gtd. Notes 6.500 06/02/41   610 434,991
Gtd. Notes 6.700 02/16/32   960 794,400
Gtd. Notes 6.840 01/23/30   573 496,848
Gtd. Notes 6.875 10/16/25   250 249,906
Gtd. Notes 7.690 01/23/50   550 410,713
Gtd. Notes, EMTN 3.750 04/16/26 EUR 285 285,496
Gtd. Notes, MTN 6.750 09/21/47   870 601,387
Gtd. Notes, MTN 6.875 08/04/26   355 345,449
Sr. Unsec’d. Notes, 144A 10.000 02/07/33   675 661,162
          10,454,239
Mongolia 0.1%
Development Bank of Mongolia LLC,
Sr. Unsec’d. Notes
7.250 10/23/23   200 193,000
6

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Panama 0.3%
Aeropuerto Internacional de Tocumen SA,          
Sr. Sec’d. Notes 4.000 % 08/11/41   200  $165,725
Sr. Sec’d. Notes, 144A 5.125 08/11/61   400 324,450
     
 
AES Panama Generation Holdings SRL,
Sr. Sec’d. Notes
4.375 05/31/30   200 178,038
          668,213
Peru 0.9%
Banco Internacional del Peru SAA Interbank,
Sr. Unsec’d. Notes
3.250 10/04/26   350 323,417
Corp. Financiera de Desarrollo SA,
Sr. Unsec’d. Notes
2.400 09/28/27   200 171,400
Fondo MIVIVIENDA SA,
Sr. Unsec’d. Notes, 144A
4.625 04/12/27   150 145,200
InRetail Consumer,
Sr. Sec’d. Notes
3.250 03/22/28   300 258,188
Petroleos del Peru SA,          
Sr. Unsec’d. Notes 4.750 06/19/32   1,080 823,500
Sr. Unsec’d. Notes 5.625 06/19/47   200 133,900
          1,855,605
Philippines 0.1%
Globe Telecom, Inc.,
Sr. Unsec’d. Notes
3.000 07/23/35   200 152,413
Qatar 0.4%
QatarEnergy,          
Sr. Unsec’d. Notes 3.300 07/12/51   200 151,975
Sr. Unsec’d. Notes, 144A 3.125 07/12/41   800 632,150
          784,125
Saudi Arabia 0.6%
Arabian Centres Sukuk Ltd.,
Gtd. Notes
5.375 11/26/24   200 195,350
EIG Pearl Holdings Sarl,
Sr. Sec’d. Notes, 144A
3.545 08/31/36   650 562,250
7

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Saudi Arabia (cont’d.)
Saudi Arabian Oil Co.,          
Sr. Unsec’d. Notes 2.250 % 11/24/30   260  $220,109
Sr. Unsec’d. Notes, EMTN 4.250 04/16/39   200 183,405
          1,161,114
South Africa 2.3%
Eskom Holdings SOC Ltd.,          
Gov’t. Gtd. Notes, MTN 6.350 08/10/28   900 860,625
Sr. Unsec’d. Notes 7.125 02/11/25   1,390 1,326,408
Sr. Unsec’d. Notes, EMTN 6.750 08/06/23   600 587,775
Sr. Unsec’d. Notes, MTN 8.450 08/10/28   860 823,450
     
 
MTN Mauritius Investments Ltd.,
Gtd. Notes, 144A
6.500 10/13/26   200 202,538
Sasol Financing USA LLC,
Gtd. Notes
6.500 09/27/28   500 482,201
Transnet SOC Ltd.,
Sr. Unsec’d. Notes, 144A
8.250 02/06/28   245 244,931
          4,527,928
Thailand 0.1%
Thaioil Treasury Center Co. Ltd.,
Gtd. Notes, 144A, MTN
3.750 06/18/50   400 265,644
Trinidad & Tobago 0.1%
Heritage Petroleum Co. Ltd.,
Sr. Sec’d. Notes, 144A
9.000 08/12/29   200 208,100
Turkey 0.1%
Aydem Yenilenebilir Enerji A/S,
Sr. Sec’d. Notes, 144A
7.750 02/02/27   200 165,288
Ukraine 0.1%
NAK Naftogaz Ukraine via Kondor Finance PLC,
Sr. Unsec’d. Notes
7.125 07/19/24(d) EUR 420 91,321
State Savings Bank of Ukraine Via SSB #1 PLC,
Sr. Unsec’d. Notes
9.625 03/20/25   50 24,531
          115,852
8

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
United Arab Emirates 2.0%
Abu Dhabi Crude Oil Pipeline LLC,          
Sr. Sec’d. Notes 3.650 % 11/02/29   200  $187,975
Sr. Sec’d. Notes 4.600 11/02/47   200 189,913
     
 
Abu Dhabi National Energy Co. PJSC,
Sr. Unsec’d. Notes, 144A
4.000 10/03/49   200 174,350
Abu Dhabi Ports Co. PJSC,
Sr. Unsec’d. Notes, EMTN
2.500 05/06/31   200 170,100
DAE Funding LLC,
Gtd. Notes, EMTN
3.375 03/20/28   240 216,420
DP World Crescent Ltd.,
Sr. Unsec’d. Notes, EMTN
3.875 07/18/29   660 632,692
DP World PLC,
Sr. Unsec’d. Notes, EMTN
6.850 07/02/37   1,100 1,239,081
Galaxy Pipeline Assets Bidco Ltd.,          
Sr. Sec’d. Notes 2.160 03/31/34   203 175,709
Sr. Sec’d. Notes, 144A 2.940 09/30/40   773 632,594
     
 
ICD Funding Ltd.,
Gtd. Notes
4.625 05/21/24   200 197,162
MDGH GMTN RSC Ltd.,
Gtd. Notes, EMTN
3.700 11/07/49   240 197,820
          4,013,816
Venezuela 0.0%
Petroleos de Venezuela SA,          
Gtd. Notes 5.375 04/12/27(d)   205 9,225
Gtd. Notes 6.000 05/16/24(d)   45 2,025
Gtd. Notes 6.000 11/15/26(d)   65 2,925
Sr. Sec’d. Notes 8.500 10/27/20(d)   205 42,025
          56,200
Vietnam 0.2%
Mong Duong Finance Holdings BV,
Sr. Sec’d. Notes
5.125 05/07/29   500 444,625
     
 
Total Corporate Bonds
(cost $54,702,676)
48,491,043
9

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds 70.5%
Angola 2.3%
Angolan Government International Bond,          
Sr. Unsec’d. Notes 8.250 % 05/09/28   1,780  $1,677,650
Sr. Unsec’d. Notes 8.750 04/14/32   500 462,500
Sr. Unsec’d. Notes 9.375 05/08/48   600 534,000
Sr. Unsec’d. Notes 9.500 11/12/25   905 944,594
Sr. Unsec’d. Notes, 144A 8.750 04/14/32   200 185,000
Sr. Unsec’d. Notes, EMTN 8.000 11/26/29   600 556,500
Sr. Unsec’d. Notes, EMTN 9.125 11/26/49   200 175,000
          4,535,244
Argentina 1.5%
Argentine Republic Government International
Bond,
         
Sr. Unsec’d. Notes 0.500(cc) 07/09/30   2,010 711,578
Sr. Unsec’d. Notes 1.000 07/09/29   544 185,538
Sr. Unsec’d. Notes 1.500(cc) 07/09/35   1,052 323,970
Sr. Unsec’d. Notes 1.500(cc) 07/09/46   335 103,389
Sr. Unsec’d. Notes 3.500(cc) 07/09/41   1,297 440,394
Sr. Unsec’d. Notes 3.875(cc) 01/09/38   3,184 1,163,820
     
 
Provincia de Buenos Aires,
Sr. Unsec’d. Notes, 144A, MTN
5.250(cc) 09/01/37   194 76,296
          3,004,985
Bahrain 1.9%
Bahrain Government International Bond,          
Sr. Unsec’d. Notes 6.750 09/20/29   1,000 1,003,750
Sr. Unsec’d. Notes 7.000 10/12/28   1,150 1,186,153
Sr. Unsec’d. Notes 7.375 05/14/30   1,020 1,056,975
Sr. Unsec’d. Notes 7.500 09/20/47   400 370,500
Sr. Unsec’d. Notes, EMTN 4.250 01/25/28   200 186,225
          3,803,603
Bermuda 0.3%
Bermuda Government International Bond,
Sr. Unsec’d. Notes
2.375 08/20/30   670 570,463
Brazil 2.7%
Brazil Minas SPE via State of Minas Gerais,
Gov’t. Gtd. Notes
5.333 02/15/28   171 167,185
10

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Brazil (cont’d.)
Brazilian Government International Bond,          
Sr. Unsec’d. Notes 3.875 % 06/12/30   880  $777,590
Sr. Unsec’d. Notes 4.500 05/30/29   550 520,197
Sr. Unsec’d. Notes 5.000 01/27/45   600 469,987
Sr. Unsec’d. Notes 5.625 01/07/41   745 655,507
Sr. Unsec’d. Notes 5.625 02/21/47   300 249,338
Sr. Unsec’d. Notes 7.125 01/20/37   1,050 1,132,556
Sr. Unsec’d. Notes 8.250 01/20/34   1,123 1,298,679
          5,271,039
Cameroon 0.2%
Republic of Cameroon International Bond,
Sr. Unsec’d. Notes
9.500 11/19/25   400 384,575
Chile 0.7%
Chile Government International Bond,          
Sr. Unsec’d. Notes 2.550 07/27/33   370 301,041
Sr. Unsec’d. Notes 2.750 01/31/27   930 869,724
Sr. Unsec’d. Notes 3.100 01/22/61   200 131,538
          1,302,303
Colombia 3.2%
Colombia Government International Bond,          
Sr. Unsec’d. Notes 3.000 01/30/30   1,518 1,180,245
Sr. Unsec’d. Notes 3.875 04/25/27   600 543,113
Sr. Unsec’d. Notes 4.500 03/15/29   1,060 935,317
Sr. Unsec’d. Notes 5.625 02/26/44   710 538,890
Sr. Unsec’d. Notes 6.125 01/18/41   1,260 1,038,555
Sr. Unsec’d. Notes 7.375 09/18/37   612 593,946
Sr. Unsec’d. Notes 7.500 02/02/34   610 603,595
Sr. Unsec’d. Notes 8.000 04/20/33   630 646,656
Sr. Unsec’d. Notes 10.375 01/28/33   200 225,600
          6,305,917
Congo (Republic) 0.1%
Congolese International Bond,
Sr. Unsec’d. Notes
6.000 06/30/29   239 197,268
11

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Costa Rica 0.7%
Costa Rica Government International Bond,          
Sr. Unsec’d. Notes 4.375 % 04/30/25   1,000  $964,562
Sr. Unsec’d. Notes 7.000 04/04/44   400 386,950
          1,351,512
Croatia 0.3%
Croatia Government International Bond,
Sr. Unsec’d. Notes
1.500 06/17/31 EUR 575 527,555
Dominican Republic 3.6%
Dominican Republic International Bond,          
Sr. Unsec’d. Notes 4.500 01/30/30   1,298 1,128,286
Sr. Unsec’d. Notes 4.875 09/23/32   190 161,536
Sr. Unsec’d. Notes 5.500 01/27/25   100 99,488
Sr. Unsec’d. Notes 5.500 02/22/29   306 287,219
Sr. Unsec’d. Notes 5.875 01/30/60   390 299,154
Sr. Unsec’d. Notes 5.950 01/25/27   665 662,631
Sr. Unsec’d. Notes 6.000 07/19/28   150 146,981
Sr. Unsec’d. Notes 6.400 06/05/49   700 596,225
Sr. Unsec’d. Notes 6.850 01/27/45   610 557,883
Sr. Unsec’d. Notes 6.875 01/29/26   500 513,844
Sr. Unsec’d. Notes 7.450 04/30/44   1,300 1,266,119
Sr. Unsec’d. Notes, 144A 4.875 09/23/32   150 127,528
Sr. Unsec’d. Notes, 144A 5.300 01/21/41   150 120,122
Sr. Unsec’d. Notes, 144A 5.500 02/22/29   800 750,900
Sr. Unsec’d. Notes, 144A 5.875 01/30/60   225 172,589
Sr. Unsec’d. Notes, 144A 6.000 07/19/28   170 166,579
          7,057,084
Ecuador 1.4%
Ecuador Government International Bond,          
Sr. Unsec’d. Notes 5.500(cc) 07/31/30   327 216,709
Sr. Unsec’d. Notes, 144A 7.187(s) 07/31/30   179 75,973
Sr. Unsec’d. Notes, 144A 1.500(cc) 07/31/40   1,511 633,071
Sr. Unsec’d. Notes, 144A 2.500(cc) 07/31/35   2,065 1,002,610
Sr. Unsec’d. Notes, 144A 5.500(cc) 07/31/30   1,119 742,560
          2,670,923
12

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Egypt 2.9%
Egypt Government International Bond,          
Sr. Unsec’d. Notes 7.625 % 05/29/32   510  $387,855
Sr. Unsec’d. Notes 7.903 02/21/48   200 133,000
Sr. Unsec’d. Notes 8.700 03/01/49   200 141,000
Sr. Unsec’d. Notes 8.875 05/29/50   400 284,500
Sr. Unsec’d. Notes, 144A 8.700 03/01/49   410 289,050
Sr. Unsec’d. Notes, 144A, MTN 4.750 04/16/26 EUR 100 90,233
Sr. Unsec’d. Notes, 144A, MTN 6.375 04/11/31 EUR 420 319,622
Sr. Unsec’d. Notes, 144A, MTN 8.500 01/31/47   255 179,775
Sr. Unsec’d. Notes, EMTN 3.875 02/16/26   230 190,038
Sr. Unsec’d. Notes, EMTN 4.750 04/11/25 EUR 400 384,851
Sr. Unsec’d. Notes, EMTN 4.750 04/16/26 EUR 1,000 902,334
Sr. Unsec’d. Notes, EMTN 5.625 04/16/30 EUR 500 380,503
Sr. Unsec’d. Notes, EMTN 6.375 04/11/31 EUR 300 228,302
Sr. Unsec’d. Notes, EMTN 7.600 03/01/29   800 664,000
Sr. Unsec’d. Notes, MTN 5.800 09/30/27   620 514,600
Sr. Unsec’d. Notes, MTN 7.500 01/31/27   200 180,000
Sr. Unsec’d. Notes, MTN 8.500 01/31/47   500 352,500
          5,622,163
El Salvador 0.4%
El Salvador Government International Bond,          
Sr. Unsec’d. Notes 5.875 01/30/25   501 360,344
Sr. Unsec’d. Notes 6.375 01/18/27   235 128,780
Sr. Unsec’d. Notes 7.625 02/01/41   150 70,434
Sr. Unsec’d. Notes 7.650 06/15/35   57 27,424
Sr. Unsec’d. Notes 8.250 04/10/32   425 216,963
          803,945
Gabon 0.8%
Gabon Government International Bond,          
Sr. Unsec’d. Notes 6.625 02/06/31   600 501,300
Sr. Unsec’d. Notes 6.950 06/16/25   800 774,000
Sr. Unsec’d. Notes 7.000 11/24/31   200 168,500
Sr. Unsec’d. Notes, 144A 6.625 02/06/31   215 179,632
          1,623,432
Ghana 0.6%
Ghana Government International Bond,          
Bank Gtd. Notes 10.750 10/14/30   400 279,000
13

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Ghana (cont’d.)
Ghana Government International Bond, (cont’d.)          
Sr. Unsec’d. Notes 6.375 % 02/11/27(d)   250  $92,500
Sr. Unsec’d. Notes 7.625 05/16/29(d)   400 148,000
Sr. Unsec’d. Notes 7.750 04/07/29(d)   400 148,000
Sr. Unsec’d. Notes(a) 7.875 03/26/27(d)   550 209,000
Sr. Unsec’d. Notes 7.875 02/11/35(d)   200 73,500
Sr. Unsec’d. Notes 8.125 01/18/26(d)   200 79,000
Sr. Unsec’d. Notes, 144A 8.950 03/26/51(d)   205 74,313
          1,103,313
Guatemala 0.8%
Guatemala Government Bond,          
Sr. Unsec’d. Notes 4.875 02/13/28   600 579,862
Sr. Unsec’d. Notes 6.125 06/01/50   850 825,722
Sr. Unsec’d. Notes, 144A 4.650 10/07/41   200 166,225
          1,571,809
Honduras 0.2%
Honduras Government International Bond,
Sr. Unsec’d. Notes
6.250 01/19/27   400 353,325
Hungary 1.9%
Hungary Government International Bond,          
Sr. Unsec’d. Notes 1.750 06/05/35 EUR 815 630,076
Sr. Unsec’d. Notes 7.625 03/29/41   210 237,037
Sr. Unsec’d. Notes, 144A 3.125 09/21/51   255 161,288
Sr. Unsec’d. Notes, 144A 5.250 06/16/29   740 731,675
Sr. Unsec’d. Notes, 144A 6.125 05/22/28   500 517,750
Sr. Unsec’d. Notes, 144A 6.250 09/22/32   965 999,981
Sr. Unsec’d. Notes, 144A 6.750 09/25/52   420 443,625
          3,721,432
India 0.4%
Export-Import Bank of India,          
Sr. Unsec’d. Notes 3.875 02/01/28   200 189,156
Sr. Unsec’d. Notes, 144A, MTN 3.250 01/15/30   400 354,575
Sr. Unsec’d. Notes, EMTN 2.250 01/13/31   200 162,098
          705,829
14

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Indonesia 3.4%
Indonesia Government International Bond,          
Sr. Unsec’d. Notes 1.100 % 03/12/33 EUR 440  $355,822
Sr. Unsec’d. Notes 1.400 10/30/31 EUR 100 85,769
Sr. Unsec’d. Notes 1.450 09/18/26 EUR 100 99,970
Sr. Unsec’d. Notes 3.550 03/31/32   200 184,272
Sr. Unsec’d. Notes 4.200 10/15/50   490 421,454
Sr. Unsec’d. Notes 4.300 03/31/52   400 351,044
Sr. Unsec’d. Notes 4.650 09/20/32   590 589,327
Sr. Unsec’d. Notes 5.450 09/20/52   400 410,044
Sr. Unsec’d. Notes 6.625 02/17/37   150 172,892
Sr. Unsec’d. Notes 7.750 01/17/38   690 856,808
Sr. Unsec’d. Notes 8.500 10/12/35   400 520,200
Sr. Unsec’d. Notes, 144A 6.625 02/17/37   110 126,787
Sr. Unsec’d. Notes, EMTN 3.750 06/14/28 EUR 470 501,636
Sr. Unsec’d. Notes, EMTN 4.625 04/15/43   200 188,772
Sr. Unsec’d. Notes, EMTN 4.750 07/18/47   230 219,100
Sr. Unsec’d. Notes, EMTN 5.125 01/15/45   200 199,272
Sr. Unsec’d. Notes, EMTN 5.250 01/17/42   400 404,825
Sr. Unsec’d. Notes, EMTN 6.750 01/15/44   100 116,636
Perusahaan Penerbit SBSN Indonesia III,          
Sr. Unsec’d. Notes 4.700 06/06/32   600 600,066
Sr. Unsec’d. Notes, 144A 4.700 06/06/32   205 205,023
          6,609,719
Iraq 1.0%
Iraq International Bond,          
Sr. Unsec’d. Notes 5.800 01/15/28   1,238 1,143,759
Sr. Unsec’d. Notes 6.752 03/09/23   800 792,900
          1,936,659
Israel 0.2%
Israel Government International Bond,
Sr. Unsec’d. Notes
4.500 04/03/2120   520 445,250
Ivory Coast 1.1%
Ivory Coast Government International Bond,          
Sr. Unsec’d. Notes 5.250 03/22/30 EUR 830 761,345
Sr. Unsec’d. Notes 5.750 12/31/32   90 81,864
Sr. Unsec’d. Notes 5.875 10/17/31 EUR 800 728,390
15

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Ivory Coast (cont’d.)
Ivory Coast Government International Bond, (cont’d.)          
Sr. Unsec’d. Notes 6.375 % 03/03/28   400  $387,000
Sr. Unsec’d. Notes 6.875 10/17/40 EUR 370 307,718
          2,266,317
Jamaica 0.8%
Jamaica Government International Bond,          
Sr. Unsec’d. Notes 6.750 04/28/28   500 531,812
Sr. Unsec’d. Notes 7.625 07/09/25   225 230,527
Sr. Unsec’d. Notes 7.875 07/28/45   400 465,500
Sr. Unsec’d. Notes 8.000 03/15/39   100 119,550
Sr. Unsec’d. Notes 9.250 10/17/25   200 212,725
          1,560,114
Jordan 0.7%
Jordan Government International Bond,          
Sr. Unsec’d. Notes 5.750 01/31/27   200 195,350
Sr. Unsec’d. Notes 5.850 07/07/30   200 183,500
Sr. Unsec’d. Notes 6.125 01/29/26   200 198,537
Sr. Unsec’d. Notes 7.375 10/10/47   200 179,975
Sr. Unsec’d. Notes 7.750 01/15/28   350 360,500
Sr. Unsec’d. Notes, 144A 7.750 01/15/28   220 226,600
          1,344,462
Kazakhstan 0.2%
Kazakhstan Government International Bond,
Sr. Unsec’d. Notes, EMTN
6.500 07/21/45   400 423,400
Kenya 0.1%
Republic of Kenya Government International Bond,
Sr. Unsec’d. Notes
7.000 05/22/27   200 180,000
Lebanon 0.1%
Lebanon Government International Bond,          
Sr. Unsec’d. Notes 6.000 01/27/23(d)   191 12,272
Sr. Unsec’d. Notes 6.650 04/22/24(d)   172 11,051
Sr. Unsec’d. Notes 6.750 11/29/27(d)   170 10,625
Sr. Unsec’d. Notes 6.850 03/23/27(d)   30 1,875
Sr. Unsec’d. Notes 7.000 04/22/31(d)   115 7,389
Sr. Unsec’d. Notes, EMTN 6.100 10/04/22(d)   75 4,687
16

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Lebanon (cont’d.)
Lebanon Government International Bond, (cont’d.)          
Sr. Unsec’d. Notes, EMTN 6.850 % 05/25/29(d)   335  $21,210
Sr. Unsec’d. Notes, GMTN 6.250 05/27/22(d)   245 15,741
Sr. Unsec’d. Notes, GMTN 6.250 11/04/24(d)   320 20,560
Sr. Unsec’d. Notes, GMTN 6.375 03/09/20(d)   220 14,135
Sr. Unsec’d. Notes, GMTN 6.400 05/26/23(d)   250 16,085
Sr. Unsec’d. Notes, GMTN 6.650 02/26/30(d)   715 44,687
Sr. Unsec’d. Notes, GMTN 7.150 11/20/31(d)   415 26,859
          207,176
Malaysia 1.6%
1MDB Global Investments Ltd.,
Sr. Unsec’d. Notes
4.400 03/09/23   3,300 3,236,681
Mexico 2.1%
Mexico Government International Bond,          
Sr. Unsec’d. Notes 3.250 04/16/30   270 242,882
Sr. Unsec’d. Notes 3.500 02/12/34   600 504,600
Sr. Unsec’d. Notes 3.750 01/11/28   320 306,720
Sr. Unsec’d. Notes 4.600 02/10/48   300 246,000
Sr. Unsec’d. Notes 4.875 05/19/33   530 508,800
Sr. Unsec’d. Notes 6.350 02/09/35   250 265,375
Sr. Unsec’d. Notes, GMTN 5.750 10/12/2110   358 320,477
Sr. Unsec’d. Notes, MTN 4.750 03/08/44   140 120,225
Sr. Unsec’d. Notes, MTN 6.050 01/11/40   1,168 1,189,900
Sr. Unsec’d. Notes, Series A, MTN 6.750 09/27/34   203 220,991
Sr. Unsec’d. Notes, Series A, MTN 7.500 04/08/33   130 147,810
          4,073,780
Mongolia 0.2%
Mongolia Government International Bond,
Sr. Unsec’d. Notes, EMTN
8.750 03/09/24   400 400,950
Morocco 0.7%
Morocco Government International Bond,          
Sr. Unsec’d. Notes 1.500 11/27/31 EUR 100 80,993
Sr. Unsec’d. Notes 2.000 09/30/30 EUR 500 442,334
Sr. Unsec’d. Notes 2.375 12/15/27   400 352,832
Sr. Unsec’d. Notes 4.000 12/15/50   200 136,500
17

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Morocco (cont’d.)
Morocco Government International Bond, (cont’d.)          
Sr. Unsec’d. Notes 5.500 % 12/11/42   200  $172,500
Sr. Unsec’d. Notes, 144A 3.000 12/15/32   200 159,750
          1,344,909
Mozambique 0.4%
Mozambique International Bond,          
Unsec’d. Notes 5.000(cc) 09/15/31   840 668,220
Unsec’d. Notes, 144A 5.000(cc) 09/15/31   200 159,100
          827,320
Namibia 0.1%
Namibia International Bonds,
Sr. Unsec’d. Notes
5.250 10/29/25   200 188,850
Nigeria 1.3%
Nigeria Government International Bond,          
Sr. Unsec’d. Notes 7.143 02/23/30   200 152,000
Sr. Unsec’d. Notes 7.625 11/21/25   250 228,125
Sr. Unsec’d. Notes 7.696 02/23/38   200 137,725
Sr. Unsec’d. Notes 7.875 02/16/32   400 302,000
Sr. Unsec’d. Notes 8.747 01/21/31   600 486,750
Sr. Unsec’d. Notes 9.248 01/21/49   200 151,500
Sr. Unsec’d. Notes, 144A 7.696 02/23/38   200 137,725
Sr. Unsec’d. Notes, 144A, MTN 6.125 09/28/28   200 155,000
Sr. Unsec’d. Notes, 144A, MTN 7.375 09/28/33   200 142,750
Sr. Unsec’d. Notes, 144A, MTN 8.375 03/24/29   200 166,500
Sr. Unsec’d. Notes, EMTN 6.125 09/28/28   200 155,000
Sr. Unsec’d. Notes, EMTN 6.500 11/28/27   500 410,000
          2,625,075
Oman 3.2%
Oman Government International Bond,          
Sr. Unsec’d. Notes 4.750 06/15/26   760 742,567
Sr. Unsec’d. Notes 5.375 03/08/27   780 777,465
Sr. Unsec’d. Notes 5.625 01/17/28   1,280 1,285,440
Sr. Unsec’d. Notes 6.250 01/25/31   200 206,725
Sr. Unsec’d. Notes 6.500 03/08/47   625 596,094
Sr. Unsec’d. Notes 6.750 10/28/27   600 634,612
Sr. Unsec’d. Notes 6.750 01/17/48   420 412,125
18

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Oman (cont’d.)
Oman Government International Bond, (cont’d.)          
Sr. Unsec’d. Notes 7.000 % 01/25/51   200  $202,250
Sr. Unsec’d. Notes 7.375 10/28/32   260 289,624
Sr. Unsec’d. Notes, 144A 6.750 01/17/48   200 196,250
Sr. Unsec’d. Notes, 144A, MTN 4.875 02/01/25   200 197,600
Sr. Unsec’d. Notes, EMTN 6.000 08/01/29   800 816,900
          6,357,652
Pakistan 0.8%
Pakistan Government International Bond,          
Sr. Unsec’d. Notes 6.875 12/05/27   1,040 431,714
Sr. Unsec’d. Notes 8.250 04/15/24   700 393,827
Sr. Unsec’d. Notes 8.250 09/30/25   770 392,785
Sr. Unsec’d. Notes, 144A, MTN 7.375 04/08/31   200 82,022
Sr. Unsec’d. Notes, EMTN 7.375 04/08/31   650 266,572
          1,566,920
Panama 1.5%
Panama Government International Bond,          
Sr. Unsec’d. Notes 3.160 01/23/30   200 175,538
Sr. Unsec’d. Notes 3.298 01/19/33   200 166,850
Sr. Unsec’d. Notes 3.870 07/23/60   200 133,350
Sr. Unsec’d. Notes 4.300 04/29/53   375 282,609
Sr. Unsec’d. Notes 4.500 04/16/50   650 507,935
Sr. Unsec’d. Notes 4.500 04/01/56   400 303,325
Sr. Unsec’d. Notes 6.700 01/26/36   1,035 1,117,347
Sr. Unsec’d. Notes 9.375 04/01/29   165 198,804
          2,885,758
Papua New Guinea 0.2%
Papua New Guinea Government International
Bond,
         
Sr. Unsec’d. Notes 8.375 10/04/28   220 202,033
Sr. Unsec’d. Notes, 144A 8.375 10/04/28   200 180,475
          382,508
Paraguay 0.5%
Paraguay Government International Bond,          
Sr. Unsec’d. Notes 4.700 03/27/27   200 197,250
19

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Paraguay (cont’d.)
Paraguay Government International Bond, (cont’d.)          
Sr. Unsec’d. Notes 4.950 % 04/28/31   200  $193,725
Sr. Unsec’d. Notes 6.100 08/11/44   700 692,038
          1,083,013
Peru 1.8%
Peruvian Government International Bond,          
Sr. Unsec’d. Notes 2.780 12/01/60   490 295,470
Sr. Unsec’d. Notes 2.783 01/23/31   940 793,889
Sr. Unsec’d. Notes 3.000 01/15/34   765 619,793
Sr. Unsec’d. Notes 3.230 07/28/2121   110 66,055
Sr. Unsec’d. Notes 3.600 01/15/72   70 46,935
Sr. Unsec’d. Notes 5.625 11/18/50   582 589,020
Sr. Unsec’d. Notes 6.550 03/14/37   225 243,534
Sr. Unsec’d. Notes 8.750 11/21/33   670 831,973
          3,486,669
Philippines 1.8%
Philippine Government International Bond,          
Sr. Unsec’d. Notes 0.700 02/03/29 EUR 300 272,494
Sr. Unsec’d. Notes 1.750 04/28/41 EUR 165 119,714
Sr. Unsec’d. Notes 2.650 12/10/45   200 139,272
Sr. Unsec’d. Notes 2.950 05/05/45   200 146,772
Sr. Unsec’d. Notes 3.200 07/06/46   200 150,596
Sr. Unsec’d. Notes 3.556 09/29/32   530 487,658
Sr. Unsec’d. Notes 3.700 03/01/41   880 735,997
Sr. Unsec’d. Notes 3.950 01/20/40   450 393,800
Sr. Unsec’d. Notes 4.200 03/29/47   200 175,350
Sr. Unsec’d. Notes 5.609 04/13/33   200 213,272
Sr. Unsec’d. Notes 6.375 10/23/34   200 226,522
Sr. Unsec’d. Notes 7.750 01/14/31   420 502,996
          3,564,443
Poland 0.1%
Republic of Poland Government International Bond,
Sr. Unsec’d. Notes
5.750 11/16/32   230 247,248
20

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Qatar 2.8%
Qatar Government International Bond,          
Sr. Unsec’d. Notes 4.000 % 03/14/29   1,350  $1,343,082
Sr. Unsec’d. Notes 4.625 06/02/46   330 322,946
Sr. Unsec’d. Notes 4.817 03/14/49   200 199,000
Sr. Unsec’d. Notes 5.103 04/23/48   2,000 2,060,000
Sr. Unsec’d. Notes 6.400 01/20/40   100 119,456
Sr. Unsec’d. Notes, 144A 4.817 03/14/49   1,340 1,333,300
Sr. Unsec’d. Notes, 144A 5.103 04/23/48   200 206,000
          5,583,784
Romania 2.4%
Romanian Government International Bond,          
Sr. Unsec’d. Notes, 144A 6.625 02/17/28   1,158 1,199,977
Sr. Unsec’d. Notes, 144A 7.125 01/17/33   578 612,680
Sr. Unsec’d. Notes, 144A 7.625 01/17/53   808 877,438
Sr. Unsec’d. Notes, EMTN 2.125 03/07/28 EUR 260 240,931
Sr. Unsec’d. Notes, EMTN 3.875 10/29/35 EUR 440 371,316
Sr. Unsec’d. Notes, EMTN 4.125 03/11/39 EUR 410 334,299
Sr. Unsec’d. Notes, EMTN 4.625 04/03/49 EUR 230 186,283
Unsec’d. Notes, 144A, MTN 6.000 05/25/34   902 889,598
Unsec’d. Notes, EMTN 6.000 05/25/34   80 78,900
          4,791,422
Russia 0.0%
Russian Foreign Bond - Eurobond,          
Sr. Unsec’d. Notes 1.850 11/20/32(d) EUR 300 42,399
Sr. Unsec’d. Notes 5.100 03/28/35(d)   400 68,000
          110,399
Saudi Arabia 2.8%
Saudi Government International Bond,          
Sr. Unsec’d. Notes, 144A 5.250 01/16/50   400 397,500
Sr. Unsec’d. Notes, 144A, MTN 5.000 01/18/53   200 190,500
Sr. Unsec’d. Notes, EMTN 2.250 02/02/33   200 163,350
Sr. Unsec’d. Notes, EMTN 4.500 10/26/46   3,120 2,791,034
Sr. Unsec’d. Notes, EMTN 4.625 10/04/47   1,470 1,334,760
Sr. Unsec’d. Notes, EMTN 5.000 04/17/49   600 573,112
          5,450,256
21

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Senegal 0.4%
Senegal Government International Bond,          
Sr. Unsec’d. Notes 4.750 % 03/13/28 EUR 600  $574,015
Sr. Unsec’d. Notes 5.375 06/08/37 EUR 200 152,201
Sr. Unsec’d. Notes, 144A 5.375 06/08/37 EUR 150 114,151
          840,367
Serbia 1.6%
Serbia International Bond,          
Sr. Unsec’d. Notes 1.500 06/26/29 EUR 900 737,985
Sr. Unsec’d. Notes, 144A 1.650 03/03/33 EUR 225 160,570
Sr. Unsec’d. Notes, 144A 2.125 12/01/30   230 174,771
Sr. Unsec’d. Notes, 144A 3.125 05/15/27 EUR 1,100 1,066,039
Sr. Unsec’d. Notes, 144A 6.250 05/26/28   600 610,500
Sr. Unsec’d. Notes, 144A 6.500 09/26/33   430 433,225
          3,183,090
South Africa 2.0%
Republic of South Africa Government International
Bond,
         
Sr. Unsec’d. Notes 4.300 10/12/28   200 182,250
Sr. Unsec’d. Notes 4.850 09/27/27   260 249,925
Sr. Unsec’d. Notes 4.850 09/30/29   800 728,000
Sr. Unsec’d. Notes 5.650 09/27/47   540 413,100
Sr. Unsec’d. Notes 5.750 09/30/49   850 646,000
Sr. Unsec’d. Notes 5.875 06/22/30   340 323,850
Sr. Unsec’d. Notes 5.875 04/20/32   600 555,750
Sr. Unsec’d. Notes 7.300 04/20/52   850 765,000
          3,863,875
Sri Lanka 0.5%
Sri Lanka Government International Bond,          
Sr. Unsec’d. Notes 5.750 04/18/23(d)   200 68,100
Sr. Unsec’d. Notes 6.200 05/11/27(d)   400 134,325
Sr. Unsec’d. Notes 6.350 06/28/24(d)   200 67,850
Sr. Unsec’d. Notes 6.825 07/18/26(d)   1,150 395,887
Sr. Unsec’d. Notes 6.850 11/03/25(d)   350 120,597
Sr. Unsec’d. Notes 7.850 03/14/29(d)   250 83,153
22

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Sri Lanka (cont’d.)
Sri Lanka Government International Bond, (cont’d.)          
Sr. Unsec’d. Notes, 144A 6.750 % 04/18/28(d)   200  $66,522
Sr. Unsec’d. Notes, 144A 6.850 03/14/24(d)   265 89,984
          1,026,418
Turkey 2.9%
Turkey Government International Bond,          
Sr. Unsec’d. Notes 4.250 03/13/25   400 372,000
Sr. Unsec’d. Notes 4.250 04/14/26   400 353,000
Sr. Unsec’d. Notes 4.750 01/26/26   495 446,737
Sr. Unsec’d. Notes 4.875 10/09/26   1,020 900,150
Sr. Unsec’d. Notes 5.250 03/13/30   610 487,237
Sr. Unsec’d. Notes 5.750 05/11/47   200 133,500
Sr. Unsec’d. Notes 5.950 01/15/31   200 164,500
Sr. Unsec’d. Notes 6.000 03/25/27   800 726,000
Sr. Unsec’d. Notes 6.000 01/14/41   200 143,250
Sr. Unsec’d. Notes 6.125 10/24/28   420 370,125
Sr. Unsec’d. Notes 6.350 08/10/24   400 391,950
Sr. Unsec’d. Notes 6.375 10/14/25   200 190,500
Sr. Unsec’d. Notes 6.500 09/20/33   200 163,500
Sr. Unsec’d. Notes 6.875 03/17/36   304 249,660
Sr. Unsec’d. Notes 7.375 02/05/25   165 163,763
Sr. Unsec’d. Notes 7.625 04/26/29   280 261,800
     
 
Turkiye Ihracat Kredi Bankasi A/S,
Sr. Unsec’d. Notes
8.250 01/24/24   200 200,225
          5,717,897
Ukraine 0.8%
Ukraine Government International Bond,          
Sr. Unsec’d. Notes 4.375 01/27/32(d) EUR 410 82,460
Sr. Unsec’d. Notes 6.750 06/20/28(d) EUR 580 118,543
Sr. Unsec’d. Notes 7.375 09/25/34(d)   200 39,500
Sr. Unsec’d. Notes 7.750 09/01/25(d)   300 68,494
Sr. Unsec’d. Notes 7.750 09/01/26(d)   2,030 436,196
Sr. Unsec’d. Notes 7.750 09/01/27(d)   640 136,520
Sr. Unsec’d. Notes 7.750 09/01/28(d)   600 130,200
Sr. Unsec’d. Notes 7.750 09/01/29(d)   520 114,335
Sr. Unsec’d. Notes 8.994 02/01/26(d)   200 45,038
Sr. Unsec’d. Notes 9.750 11/01/30(d)   1,375 298,461
Sr. Unsec’d. Notes, 144A 4.375 01/27/32(d) EUR 100 20,112
23

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Ukraine (cont’d.)
     
 
Ukreximbank Via Biz Finance PLC,
Sr. Unsec’d. Notes
9.750 % 01/22/25   50  $16,259
          1,506,118
United Arab Emirates 1.4%
Abu Dhabi Government International Bond,          
Sr. Unsec’d. Notes 3.125 09/30/49   600 452,250
Sr. Unsec’d. Notes, 144A 3.125 09/30/49   500 376,875
Sr. Unsec’d. Notes, 144A, MTN 3.875 04/16/50   200 171,500
     
 
Emirate of Dubai Government International Bonds,
Sr. Unsec’d. Notes, EMTN
5.250 01/30/43   1,400 1,343,387
Finance Department Government of Sharjah,          
Sr. Unsec’d. Notes, 144A, MTN 4.000 07/28/50   400 261,825
Sr. Unsec’d. Notes, MTN 4.000 07/28/50   200 130,913
          2,736,750
Uruguay 1.6%
Uruguay Government International Bond,          
Sr. Unsec’d. Notes 4.125 11/20/45   120 112,620
Sr. Unsec’d. Notes 4.975 04/20/55   580 573,910
Sr. Unsec’d. Notes 5.100 06/18/50   1,084 1,094,298
Sr. Unsec’d. Notes 5.750 10/28/34   150 166,275
Sr. Unsec’d. Notes 7.625 03/21/36   510 652,545
Sr. Unsec’d. Notes 7.875 01/15/33   435 547,230
          3,146,878
Venezuela 0.0%
Venezuela Government International Bond,
Sr. Unsec’d. Notes
12.750 08/23/22(d)   180 14,400
Zambia 0.5%
Zambia Government International Bond,          
Sr. Unsec’d. Notes 8.500 04/14/24(d)   1,010 508,788
24

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Zambia (cont’d.)
Zambia Government International Bond, (cont’d.)          
Sr. Unsec’d. Notes 8.970 % 07/30/27(d)   600  $300,000
Unsec’d. Notes 5.375 09/20/22(d)   400 181,575
          990,363
     
 
Total Sovereign Bonds
(cost $162,623,464)
138,694,609
U.S. Treasury Obligation(h) 0.1%
U.S. Treasury Notes
(cost $265,340)
4.250 09/30/24   265 264,410
 
Total Long-Term Investments
(cost $217,591,480)
187,450,062
    
      Shares  
Short-Term Investments 2.4%
Affiliated Mutual Fund 0.4%
PGIM Institutional Money Market Fund
(cost $834,602; includes $830,211 of cash collateral for securities on loan)(b)(we)
    835,357 835,190
Unaffiliated Fund 2.0%
Dreyfus Government Cash Management (Institutional Shares)
(cost $3,880,094)
    3,880,094 3,880,094
Options Purchased*~ 0.0%
(cost $81,533) 32,813
     
 
 
Total Short-Term Investments
(cost $4,796,229)
4,748,097
     
 
TOTAL INVESTMENTS, BEFORE OPTIONS WRITTEN97.6%
(cost $222,387,709)
192,198,159
Options Written*~ (0.1)%
(premiums received $175,161) (219,696)
 
TOTAL INVESTMENTS, NET OF OPTIONS WRITTEN97.5%
(cost $222,212,548)
191,978,463
Other assets in excess of liabilities(z) 2.5% 4,853,537
 
Net Assets 100.0% $196,832,000
25

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)

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
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
MYR—Malaysian Ringgit
NZD—New Zealand Dollar
PEN—Peruvian Nuevo Sol
PHP—Philippine Peso
PLN—Polish Zloty
SGD—Singapore Dollar
THB—Thai Baht
TWD—New Taiwanese Dollar
USD—US Dollar
ZAR—South African Rand
    
144A—Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, pursuant to the requirements of Rule 144A, may not be resold except to qualified institutional buyers.
A—Annual payment frequency for swaps
BARC—Barclays Bank PLC
BNP—BNP Paribas S.A.
BOA—Bank of America, N.A.
BROIS—Brazil Overnight Index Swap
CDX—Credit Derivative Index
CITI—Citibank, N.A.
CLOIS—Sinacofi Chile Interbank Rate Average
COOIS—Colombia Overnight Interbank Reference Rate
EMTN—Euro Medium Term Note
GMTN—Global Medium Term Note
GSI—Goldman Sachs International
HSBC—HSBC Bank PLC
JIBAR—Johannesburg Interbank Agreed Rate
JPM—JPMorgan Chase Bank N.A.
KLIBOR—Kuala Lumpur Interbank Offered Rate
KWCDC—Korean Won Certificate of Deposit
M—Monthly payment frequency for swaps
MSI—Morgan Stanley & Co International PLC
MTN—Medium Term Note
OTC—Over-the-counter
PIK—Payment-in-Kind
26

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
PJSC—Public Joint-Stock Company
PRIBOR—Prague Interbank Offered Rate
Q—Quarterly payment frequency for swaps
S—Semiannual payment frequency for swaps
SCB—Standard Chartered Bank
T—Swap payment upon termination
TD—The Toronto-Dominion Bank
UAG—UBS AG
WIBOR—Warsaw Interbank Offered Rate
    
* Non-income producing security.
# Principal or notional amount is shown in U.S. dollars unless otherwise stated.
~ See tables subsequent to the Schedule of Investments for options detail.
(a) All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $718,292; cash collateral of $830,211 (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.
(cc) Variable rate instrument. The rate shown is based on the latest available information as of January 31, 2023. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description.
(d) Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity.
(f) Indicates a restricted security that is acquired in unregistered, private sales from the issuing company or from an affiliate of the issuer and is considered restricted as to disposition under federal securities law; the aggregate original cost of such securities is $183,499. The aggregate value of $129,349 is 0.1% of net assets.
(h) Represents security, or a portion thereof, segregated as collateral for OTC derivatives.
(s) Represents zero coupon bond or principal only security. Rate represents yield to maturity at purchase date.
(we) PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Institutional Money Market Fund.
(z) Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments:
Options Purchased:
OTC Traded
Description   Call/
Put
  Counterparty   Expiration
Date
  Strike Contracts   Notional
Amount
(000)#
  Value
Currency Option AUD vs USD   Call   JPM   02/09/23     0.75     AUD   1,647  $64
Currency Option EUR vs HUF   Call   MSI   02/09/23     500.00     EUR   799 1
Currency Option USD vs BRL   Call   JPM   02/07/23     6.25         401
Currency Option USD vs BRL   Call   JPM   02/07/23     6.60         403
Currency Option USD vs CLP   Call   JPM   02/07/23     1,100.00         401
Currency Option USD vs COP   Call   MSI   02/07/23     6,200.00         801
27

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
OTC Traded
Description   Call/
Put
  Counterparty   Expiration
Date
  Strike Contracts   Notional
Amount
(000)#
  Value
Currency Option USD vs MXN   Call   MSI   02/07/23     21.30         799  $1
Currency Option USD vs MXN   Call   MSI   02/07/23     22.00         805
Currency Option USD vs MXN   Call   MSI   02/07/23     22.00         801
Currency Option USD vs MXN   Call   MSI   02/16/23     22.50         805 7
Currency Option USD vs MXN   Call   MSI   06/02/23     20.25         2,501 26,857
Currency Option USD vs ZAR   Call   MSI   02/07/23     20.00         801 5
Currency Option USD vs ZAR   Call   MSI   02/08/23     20.00         801 12
Currency Option USD vs ZAR   Call   MSI   02/08/23     20.30         399 3
Currency Option EUR vs HUF   Put   BOA   02/09/23     368.00     EUR   549 18
Currency Option USD vs BRL   Put   JPM   02/15/23     4.30         804 1
Currency Option USD vs CLP   Put   CITI   02/07/23     700.00         799
Currency Option USD vs CNH   Put   MSI   02/21/23     6.50         705 80
Currency Option USD vs JPY   Put   JPM   04/13/23     121.00         804 4,883
Currency Option USD vs MXN   Put   MSI   06/02/23     16.00         2,501 168
Currency Option USD vs ZAR   Put   JPM   02/16/23     15.00         811 2
Total OTC Traded (cost $81,163)                       $32,102  
    
OTC Swaptions    
Description   Call/
Put
  Counterparty   Expiration
Date
  Strike   Receive   Pay   Notional
Amount
(000)#
  Value
CDX.EM.38.V1, 12/20/27   Call   MSI   03/15/23   0.97%   1.00%(Q)   CDX.EM.38.V1(Q)     3,700    $711
(cost $370)                              
Total Options Purchased (cost $81,533)       $32,813
28

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Options Written:
OTC Traded
Description   Call/
Put
  Counterparty   Expiration
Date
  Strike Contracts   Notional
Amount
(000)#
  Value
Currency Option AUD vs USD   Call   JPM   02/09/23     0.71   AUD 1,647    $(7,774)
Currency Option USD vs BRL   Call   JPM   02/07/23     5.50     401   (26)
Currency Option USD vs CLP   Call   JPM   02/07/23     890.00     401   (20)
Currency Option USD vs COP   Call   MSI   02/07/23     5,150.00     801   (80)
Currency Option USD vs MXN   Call   MSI   02/07/23     19.30     799   (646)
Currency Option USD vs MXN   Call   MSI   02/07/23     19.50     801   (284)
Currency Option USD vs MXN   Call   MSI   02/16/23     19.20     805   (2,951)
Currency Option USD vs ZAR   Call   MSI   02/08/23     17.40     399   (4,359)
Currency Option USD vs ZAR   Call   MSI   02/08/23     17.40     801   (8,750)
Currency Option EUR vs HUF   Put   BOA   02/09/23     388.00   EUR 549   (1,570)
Currency Option USD vs BRL   Put   JPM   02/15/23     5.00     804   (5,394)
Currency Option USD vs CLP   Put   CITI   02/07/23     800.00     799   (10,164)
Currency Option USD vs CNH   Put   MSI   02/21/23     6.93     705   (19,205)
Currency Option USD vs MXN   Put   MSI   03/02/23     19.75     2,501   (111,539)
Total OTC Traded (premiums received $137,236)                     $(172,762)
    
OTC Swaptions
Description   Call/
Put
  Counterparty   Expiration
Date
  Strike   Receive   Pay   Notional
Amount
(000)#
  Value
CDX.EM.38.V1, 12/20/27   Call   MSI   03/15/23   0.94%   CDX.EM.38.V1(Q)   1.00%(Q)     3,700    $(46,934)
(premiums received $37,925)                      
Total Options Written (premiums received $175,161)       $(219,696)
29

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Futures contracts outstanding at January 31, 2023:
Number
of
Contracts
  Type   Expiration
Date
  Current
Notional
Amount
  Value /
Unrealized
Appreciation
(Depreciation)
Long Positions:
48   2 Year U.S. Treasury Notes   Mar. 2023    $9,871,125    $24,338
163   5 Year U.S. Treasury Notes   Mar. 2023   17,806,477   36,668
5   10 Year U.S. Treasury Notes   Mar. 2023   572,578   (1,319)
24   10 Year U.S. Ultra Treasury Notes   Mar. 2023   2,908,875   9,504
2   20 Year U.S. Treasury Bonds   Mar. 2023   259,750   (190)
                69,001
Short Positions:
32   5 Year Euro-Bobl   Mar. 2023   4,080,726   62,464
42   10 Year Euro-Bund   Mar. 2023   6,247,242   204,624
19   30 Year U.S. Ultra Treasury Bonds   Mar. 2023   2,693,250   9,470
8   Euro Schatz Index   Mar. 2023   919,686   6,505
                283,063
                $352,064
Forward foreign currency exchange contracts outstanding at January 31, 2023:
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 04/19/23   JPM   AUD 1,101    $769,556    $779,577    $10,021    $
Expiring 04/19/23   MSI   AUD 291   203,000   206,184   3,184  
Brazilian Real,
Expiring 02/02/23   CITI   BRL 3,880   718,918   763,940   45,022  
Expiring 02/02/23   CITI   BRL 2,214   429,000   435,897   6,897  
Expiring 03/02/23   CITI   BRL 3,875   758,759   759,510   751  
Expiring 03/02/23   CITI   BRL 530   103,529   103,962   433  
Canadian Dollar,
Expiring 04/19/23   BOA   CAD 766   571,462   575,827   4,365  
Chilean Peso,
Expiring 03/15/23   MSI   CLP 178,194   198,000   222,334   24,334  
Chinese Renminbi,
Expiring 02/23/23   BOA   CNH 9,643   1,357,000   1,429,560   72,560  
Expiring 02/23/23   HSBC   CNH 6,034   894,000   894,560   560  
Expiring 02/23/23   HSBC   CNH 5,962   853,000   883,814   30,814  
Expiring 02/23/23   SCB   CNH 9,051   1,341,000   1,341,841   841  
Colombian Peso,
Expiring 03/15/23   BARC   COP 1,991,545   400,000   422,861   22,861  
Expiring 03/15/23   BARC   COP 1,672,838   331,000   355,190   24,190  
Expiring 03/15/23   BARC   COP 1,595,414   329,000   338,751   9,751  
30

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2023 (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.):
Colombian Peso (cont’d.),
Expiring 03/15/23   BNP   COP 5,612,571    $1,152,250    $1,191,705    $39,455    $
Expiring 03/15/23   BNP   COP 3,356,063   684,701   712,585   27,884  
Expiring 03/15/23   CITI   COP 2,506,959   545,896   532,297     (13,599)
Expiring 03/15/23   CITI   COP 1,960,442   427,000   416,257     (10,743)
Expiring 03/15/23   CITI   COP 1,843,730   395,000   391,475     (3,525)
Expiring 03/15/23   UAG   COP 951,946   201,000   202,125   1,125  
Czech Koruna,
Expiring 04/19/23   MSI   CZK 19,671   886,000   895,383   9,383  
Euro,
Expiring 04/19/23   MSI   EUR 212   232,281   231,598     (683)
Hungarian Forint,
Expiring 04/19/23   BARC   HUF 36,216   95,487   98,214   2,727  
Expiring 04/19/23   BOA   HUF 109,523   292,513   297,017   4,504  
Expiring 04/19/23   HSBC   HUF 450,454   1,180,141   1,221,595   41,454  
Expiring 04/19/23   HSBC   HUF 300,303   791,635   814,397   22,762  
Expiring 04/19/23   JPM   HUF 249,815   677,769   677,479     (290)
Expiring 04/19/23   JPM   HUF 180,432   479,127   489,317   10,190  
Expiring 04/19/23   TD   HUF 270,648   721,547   733,975   12,428  
Indian Rupee,
Expiring 03/15/23   HSBC   INR 16,781   205,000   204,575     (425)
Expiring 03/15/23   JPM   INR 65,942   797,000   803,876   6,876  
Indonesian Rupiah,
Expiring 03/15/23   HSBC   IDR 12,880,713   834,000   858,087   24,087  
Expiring 03/15/23   HSBC   IDR 8,665,132   578,621   577,254     (1,367)
Expiring 03/15/23   JPM   IDR 25,957,227   1,653,221   1,729,217   75,996  
Expiring 03/15/23   JPM   IDR 3,078,231   198,000   205,065   7,065  
Expiring 03/15/23   MSI   IDR 3,085,000   200,000   205,516   5,516  
Expiring 03/15/23   SCB   IDR 16,110,893   1,035,000   1,073,275   38,275  
Israeli Shekel,
Expiring 03/15/23   BARC   ILS 2,227   662,000   646,339     (15,661)
Expiring 03/15/23   BARC   ILS 682   203,000   197,979     (5,021)
Expiring 03/15/23   CITI   ILS 3,007   884,000   872,512     (11,488)
Expiring 03/15/23   CITI   ILS 2,920   868,000   847,185     (20,815)
Expiring 03/15/23   CITI   ILS 1,404   401,000   407,529   6,529  
Expiring 03/15/23   JPM   ILS 2,330   679,200   676,085     (3,115)
Expiring 03/15/23   JPM   ILS 1,403   401,000   407,157   6,157  
Japanese Yen,
Expiring 04/19/23   GSI   JPY 24,966   197,118   193,907     (3,211)
Mexican Peso,
Expiring 03/15/23   BARC   MXN 3,925   206,000   206,790   790  
Expiring 03/15/23   BOA   MXN 3,890   193,000   204,968   11,968  
Expiring 03/15/23   CITI   MXN 16,067   848,000   846,592     (1,408)
31

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2023 (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.):
Mexican Peso (cont’d.),
Expiring 03/15/23   CITI   MXN 10,292    $545,000    $542,314    $   $(2,686)
Expiring 03/15/23   GSI   MXN 14,561   739,000   767,266   28,266  
Expiring 03/15/23   GSI   MXN 10,281   524,000   541,730   17,730  
Expiring 03/15/23   HSBC   MXN 3,963   206,000   208,823   2,823  
Expiring 03/15/23   JPM   MXN 19,484   995,000   1,026,635   31,635  
Expiring 03/15/23   JPM   MXN 15,491   812,000   816,228   4,228  
Expiring 03/15/23   JPM   MXN 7,695   406,323   405,480     (843)
Expiring 03/15/23   JPM   MXN 3,987   198,000   210,089   12,089  
Expiring 03/15/23   JPM   MXN 3,860   193,000   203,374   10,374  
Expiring 03/15/23   MSI   MXN 3,893   205,000   205,116   116  
New Taiwanese Dollar,
Expiring 03/15/23   BOA   TWD 19,660   658,870   658,447     (423)
Expiring 03/15/23   GSI   TWD 41,178   1,379,000   1,379,131   131  
Expiring 03/15/23   JPM   TWD 21,320   699,000   714,049   15,049  
Expiring 03/15/23   MSI   TWD 25,531   838,000   855,074   17,074  
Expiring 03/15/23   MSI   TWD 19,231   638,000   644,065   6,065  
New Zealand Dollar,
Expiring 04/19/23   BARC   NZD 318   206,000   205,483     (517)
Philippine Peso,
Expiring 03/15/23   CITI   PHP 68,416   1,230,000   1,249,276   19,276  
Expiring 03/15/23   JPM   PHP 45,979   819,000   839,567   20,567  
Expiring 03/15/23   SCB   PHP 55,319   994,000   1,010,122   16,122  
Expiring 03/15/23   SCB   PHP 47,761   853,000   872,117   19,117  
Singapore Dollar,
Expiring 03/15/23   BNP   SGD 406   295,000   309,393   14,393  
Expiring 03/15/23   MSI   SGD 1,044   772,665   795,451   22,786  
South African Rand,
Expiring 03/15/23   GSI   ZAR 3,532   205,000   202,245     (2,755)
Expiring 03/15/23   HSBC   ZAR 7,028   403,000   402,353     (647)
Expiring 03/15/23   JPM   ZAR 59,909   3,433,363   3,430,016     (3,347)
Expiring 03/15/23   JPM   ZAR 12,130   701,205   694,512     (6,693)
South Korean Won,
Expiring 03/15/23   BOA   KRW 263,000   200,000   213,575   13,575  
Expiring 03/15/23   CITI   KRW 251,302   198,000   204,075   6,075  
Expiring 03/15/23   HSBC   KRW 252,230   192,000   204,830   12,830  
Expiring 03/15/23   JPM   KRW 1,027,419   790,335   834,340   44,005  
Expiring 03/15/23   JPM   KRW 248,066   188,000   201,448   13,448  
Thai Baht,
Expiring 03/15/23   CITI   THB 23,696   684,000   721,060   37,060  
Expiring 03/15/23   HSBC   THB 33,358   970,000   1,015,059   45,059  
Expiring 03/15/23   HSBC   THB 29,201   896,000   888,545     (7,455)
Expiring 03/15/23   HSBC   THB 29,184   840,000   888,030   48,030  
32

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2023 (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.):
Thai Baht (cont’d.),
Expiring 03/15/23   HSBC   THB 26,898    $799,000    $818,489    $19,489    $
Expiring 03/15/23   HSBC   THB 23,801   688,000   724,251   36,251  
              $54,456,492   $55,485,193   1,145,418   (116,717)
    
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 04/19/23   BNP   AUD 580    $412,000    $410,607    $1,393    $
Expiring 04/19/23   BNP   AUD 278   198,000   196,961   1,039  
Expiring 04/19/23   CITI   AUD 289   203,000   204,447     (1,447)
Expiring 04/19/23   JPM   AUD 291   203,968   206,019     (2,051)
Expiring 04/19/23   JPM   AUD 257   182,885   182,009   876  
Expiring 04/19/23   JPM   AUD 256   181,770   181,240   530  
Expiring 04/19/23   MSI   AUD 291   205,153   206,019     (866)
Brazilian Real,
Expiring 02/02/23   CITI   BRL 3,875   762,469   762,986     (517)
Expiring 02/02/23   TD   BRL 2,219   419,000   436,851     (17,851)
Expiring 03/02/23   CITI   BRL 2,864   560,000   561,384     (1,384)
British Pound,
Expiring 04/19/23   HSBC   GBP 102   124,929   126,338     (1,409)
Canadian Dollar,
Expiring 04/19/23   CITI   CAD 220   165,000   165,603     (603)
Expiring 04/19/23   GSI   CAD 274   205,000   206,288     (1,288)
Expiring 04/19/23   JPM   CAD 272   203,000   204,673     (1,673)
Chilean Peso,
Expiring 03/15/23   BARC   CLP 458,688   527,719   572,308     (44,589)
Expiring 03/15/23   CITI   CLP 427,763   525,533   533,722     (8,189)
Expiring 03/15/23   CITI   CLP 362,991   439,000   452,906     (13,906)
Expiring 03/15/23   JPM   CLP 261,006   318,350   325,658     (7,308)
Expiring 03/15/23   MSI   CLP 381,942   434,000   476,551     (42,551)
Expiring 03/15/23   MSI   CLP 174,682   198,000   217,951     (19,951)
Expiring 03/15/23   UAG   CLP 379,516   455,000   473,524     (18,524)
Chinese Renminbi,
Expiring 02/23/23   BOA   CNH 4,807   701,000   712,695     (11,695)
Expiring 02/23/23   CITI   CNH 41,926   6,007,888   6,215,530     (207,642)
Expiring 02/23/23   GSI   CNH 5,528   805,000   819,551     (14,551)
Expiring 02/23/23   JPM   CNH 8,892   1,315,329   1,318,266     (2,937)
Expiring 02/23/23   JPM   CNH 2,440   347,000   361,773     (14,773)
33

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2023 (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 02/23/23   MSI   CNH 1,296    $183,000    $192,149    $   $(9,149)
Colombian Peso,
Expiring 03/15/23   BNP   COP 1,305,981   262,230   277,296     (15,066)
Expiring 03/15/23   BNP   COP 710,806   144,770   150,924     (6,154)
Expiring 03/15/23   MSI   COP 2,239,786   454,000   475,569     (21,569)
Expiring 03/15/23   UAG   COP 2,161,706   432,000   458,991     (26,991)
Czech Koruna,
Expiring 04/19/23   HSBC   CZK 9,744   436,399   443,521     (7,122)
Euro,
Expiring 04/19/23   BOA   EUR 1,046   1,142,578   1,143,098     (520)
Expiring 04/19/23   GSI   EUR 212   231,935   231,598   337  
Expiring 04/19/23   JPM   EUR 846   921,307   924,208     (2,901)
Expiring 04/19/23   JPM   EUR 427   464,724   466,036     (1,312)
Expiring 04/19/23   JPM   EUR 187   204,135   204,287     (152)
Expiring 04/19/23   MSI   EUR 6,317   6,891,636   6,900,925     (9,289)
Expiring 04/19/23   SCB   EUR 5,944   6,462,405   6,493,728     (31,323)
Indian Rupee,
Expiring 03/15/23   CITI   INR 16,228   195,005   197,829     (2,824)
Expiring 03/15/23   GSI   INR 21,238   260,000   258,906   1,094  
Expiring 03/15/23   JPM   INR 63,030   762,000   768,370     (6,370)
Indonesian Rupiah,
Expiring 03/15/23   BOA   IDR 2,135,868   143,500   142,287   1,213  
Expiring 03/15/23   CITI   IDR 916,043   61,500   61,025   475  
Expiring 03/15/23   JPM   IDR 14,490,830   970,000   965,349   4,651  
Japanese Yen,
Expiring 04/19/23   BOA   JPY 25,709   203,000   199,676   3,324  
Expiring 04/19/23   JPM   JPY 24,691   195,000   191,772   3,228  
Expiring 04/19/23   JPM   JPY 18,412   143,186   143,001   185  
Expiring 04/19/23   MSI   JPY 26,471   205,000   205,594     (594)
Mexican Peso,
Expiring 03/15/23   CITI   MXN 17,447   894,058   919,320     (25,262)
Expiring 03/15/23   HSBC   MXN 3,913   206,000   206,179     (179)
New Taiwanese Dollar,
Expiring 03/15/23   GSI   TWD 32,039   1,039,000   1,073,034     (34,034)
Expiring 03/15/23   JPM   TWD 105,354   3,499,540   3,528,471     (28,931)
New Zealand Dollar,
Expiring 04/19/23   JPM   NZD 331   214,000   213,784   216  
Peruvian Nuevo Sol,
Expiring 03/15/23   CITI   PEN 3,422   884,000   886,645     (2,645)
Expiring 03/15/23   CITI   PEN 453   118,014   117,413   601  
Philippine Peso,
Expiring 03/15/23   BOA   PHP 37,823   692,000   690,638   1,362  
34

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2023 (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.):
Philippine Peso (cont’d.),
Expiring 03/15/23   HSBC   PHP 27,489    $503,563    $501,956    $1,607    $
Expiring 03/15/23   JPM   PHP 44,586   796,000   814,143     (18,143)
Expiring 03/15/23   MSI   PHP 184,238   3,247,633   3,364,175     (116,542)
Expiring 03/15/23   MSI   PHP 35,256   643,366   643,780     (414)
Expiring 03/15/23   MSI   PHP 17,562   321,634   320,672   962  
Expiring 03/15/23   SCB   PHP 69,825   1,274,000   1,274,994     (994)
Expiring 03/15/23   SCB   PHP 37,086   653,000   677,178     (24,178)
Polish Zloty,
Expiring 04/19/23   BARC   PLN 2,084   464,980   478,338     (13,358)
Expiring 04/19/23   BARC   PLN 1,025   229,020   235,241     (6,221)
Expiring 04/19/23   BARC   PLN 435   99,280   99,868     (588)
Expiring 04/19/23   BOA   PLN 1,421   326,017   326,199     (182)
Expiring 04/19/23   CITI   PLN 2,195   499,000   503,830     (4,830)
Expiring 04/19/23   JPM   PLN 2,878   658,909   660,459     (1,550)
Expiring 04/19/23   MSI   PLN 10,083   2,292,362   2,313,997     (21,635)
Expiring 04/19/23   MSI   PLN 3,576   818,000   820,652     (2,652)
Singapore Dollar,
Expiring 03/15/23   HSBC   SGD 1,176   874,000   896,019     (22,019)
Expiring 03/15/23   JPM   SGD 321   243,000   244,755     (1,755)
South African Rand,
Expiring 03/15/23   BOA   ZAR 10,287   608,000   588,975   19,025  
Expiring 03/15/23   JPM   ZAR 7,481   440,000   428,305   11,695  
South Korean Won,
Expiring 03/15/23   BARC   KRW 253,579   198,000   205,924     (7,924)
Expiring 03/15/23   CITI   KRW 258,291   198,000   209,751     (11,751)
Expiring 03/15/23   JPM   KRW 304,144   237,000   246,988     (9,988)
Expiring 03/15/23   JPM   KRW 251,135   203,000   203,940     (940)
Expiring 03/15/23   MSI   KRW 791,544   645,000   642,792   2,208  
Expiring 03/15/23   MSI   KRW 253,916   206,000   206,198     (198)
Expiring 03/15/23   MSI   KRW 250,446   201,000   203,381     (2,381)
Expiring 03/15/23   SCB   KRW 256,964   198,000   208,674     (10,674)
Thai Baht,
Expiring 03/15/23   CITI   THB 17,150   496,000   521,867     (25,867)
Expiring 03/15/23   GSI   THB 121,572   3,468,524   3,699,304     (230,780)
Expiring 03/15/23   GSI   THB 5,346   149,000   162,681     (13,681)
Expiring 03/15/23   HSBC   THB 6,702   205,000   203,931   1,069  
Expiring 03/15/23   HSBC   THB 6,617   202,000   201,340   660  
Expiring 03/15/23   SCB   THB 20,085   561,000   611,181     (50,181)
              $67,175,203   $68,384,971   57,750   (1,267,518)
                      $1,203,168   $(1,384,235)
35

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Cross currency exchange contracts outstanding at January 31, 2023:
Settlement   Type   Notional
Amount
(000)
  In Exchange
For (000)
  Unrealized
Appreciation
  Unrealized
Depreciation
  Counterparty
OTC Cross Currency Exchange Contracts:
03/15/23   Buy   ZAR 3,530   EUR 188    $   $(2,824)   MSI
04/19/23   Buy   EUR 381   JPY 52,658   7,235     BARC
04/19/23   Buy   EUR 652   PLN 3,110     (1,287)   CITI
04/19/23   Buy   PLN 2,336   EUR 491     (47)   MSI
                    $7,235   $(4,158)    
Credit default swap agreements outstanding at January 31, 2023:
Reference
Entity/
Obligation
Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Implied Credit
Spread at
January 31,
2023(4)
  Value at
Trade Date
  Value at
January 31,
2023
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):
CDX.EM.38.V1 12/20/27   1.000%(Q)     14,875   2.216%   $(822,929)   $(742,153)   $80,776
The Fund entered into credit default swaps (“CDS”) to provide a measure of protection against defaults or to take an active long or short position with respect to the likelihood of a particular issuer’s default or the reference entity’s credit soundness. CDS contracts generally trade based on a spread which represents the cost a protection buyer has to pay the protection seller. The protection buyer is said to be short the credit as the value of the contract rises the more the credit deteriorates. The value of the CDS contract increases for the protection buyer if the spread increases.
(1) If the Fund is a buyer of protection, it pays the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and make delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(2) If the Fund is a seller of protection, it receives the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(3) Notional amount represents the maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.
(4) Implied credit spreads, represented in absolute terms, utilized in determining the fair value of credit default swap
36

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
  agreements where the Fund is the seller of protection as of the reporting date serve as an indicator of the current status of the payment/ performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include up-front payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement.
Interest rate swap agreements outstanding at January 31, 2023:
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
January 31,
2023
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements:
BRL 6,928   01/02/25   11.673%(T)   1 Day BROIS(2)(T)/ 0.051%    $   $(32,873)    $(32,873)
BRL 1,952   01/04/27   12.503%(T)   1 Day BROIS(2)(T)/ 0.051%     (2,461)   (2,461)
CLP 984,310   03/15/25   6.520%(S)   1 Day CLOIS(1)(S)/ 11.250%   (223)   9,219   9,442
CLP 314,620   03/15/28   5.370%(S)   1 Day CLOIS(1)(S)/ 11.250%     1,805   1,805
CLP 313,000   01/11/33   5.120%(S)   1 Day CLOIS(1)(S)/ 11.250%     5,245   5,245
CLP 269,670   03/15/33   5.100%(S)   1 Day CLOIS(1)(S)/ 11.250%     2,638   2,638
CNH 4,647   12/15/27   2.680%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 2.200%     (5,847)   (5,847)
COP 2,595,600   03/15/25   10.769%(Q)   1 Day COOIS(2)(Q)/ 11.815%     1,735   1,735
COP 4,281,050   03/15/25   11.030%(Q)   1 Day COOIS(2)(Q)/ 11.815%     7,066   7,066
COP 1,213,530   03/15/28   9.660%(Q)   1 Day COOIS(2)(Q)/ 11.815%     1,292   1,292
CZK 10,000   03/15/28   4.630%(A)   6 Month PRIBOR(1)(S)/ 7.220%     1,502   1,502
KRW 400,000   09/21/27   3.639%(Q)   3 Month KWCDC(1)(Q)/ 3.540%   (3,603)   (6,604)   (3,001)
KRW 2,800,000   12/21/27   4.197%(Q)   3 Month KWCDC(2)(Q)/ 3.540%   118,043   108,894   (9,149)
KRW 600,000   03/15/28   2.965%(Q)   3 Month KWCDC(2)(Q)/ 3.540%     (3,269)   (3,269)
37

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2023 (continued):
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
January 31,
2023
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements (cont’d.):
KRW 800,000   03/15/28   3.100%(Q)   3 Month KWCDC(2)(Q)/ 3.540%    $   $(308)    $(308)
MXN 9,811   12/15/27   8.535%(M)   28 Day Mexican Interbank Rate(2)(M)/ 10.797%     (57)   (57)
MXN 13,205   12/15/27   8.950%(M)   28 Day Mexican Interbank Rate(2)(M)/ 10.797%   7,260   11,556   4,296
MXN 7,435   12/15/27   9.348%(M)   28 Day Mexican Interbank Rate(2)(M)/ 10.797%   (35)   12,784   12,819
MXN 5,070   03/08/28   8.150%(M)   28 Day Mexican Interbank Rate(2)(M)/ 10.797%   1,545   (2,924)   (4,469)
MXN 10,750   03/08/28   8.421%(M)   28 Day Mexican Interbank Rate(2)(M)/ 10.797%     (23)   (23)
MXN 14,627   03/08/28   8.475%(M)   28 Day Mexican Interbank Rate(1)(M)/ 10.797%   (11,092)   (1,643)   9,449
PLN 1,204   06/15/27   4.970%(A)   6 Month WIBOR(2)(S)/ 6.990%   (16,470)   396   16,866
PLN 2,826   09/21/27   5.487%(A)   6 Month WIBOR(1)(S)/ 6.990%     4,101   4,101
PLN 5,393   09/21/27   6.547%(A)   6 Month WIBOR(1)(S)/ 6.990%   1,194   (48,189)   (49,383)
PLN 1,175   10/06/27   6.826%(A)   6 Month WIBOR(2)(S)/ 6.990%     13,700   13,700
PLN 2,547   10/25/27   7.900%(A)   6 Month WIBOR(2)(S)/ 6.990%     56,473   56,473
38

PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2023 (continued):
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
January 31,
2023
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements (cont’d.):
PLN 1,185   12/21/27   6.845%(A)   6 Month WIBOR(2)(S)/ 6.990%    $11,331    $15,382    $4,051
PLN 2,300   03/15/28   5.258%(A)   6 Month WIBOR(1)(S)/ 6.990%     2,369   2,369
ZAR 52,851   09/21/27   7.490%(Q)   3 Month JIBAR(1)(Q)/ 7.467%   49,954   12,768   (37,186)
ZAR 26,104   09/21/27   7.995%(Q)   3 Month JIBAR(2)(Q)/ 7.467%   (4,660)   24,040   28,700
ZAR 9,339   11/10/27   8.170%(Q)   3 Month JIBAR(2)(Q)/ 7.467%   (22)   13,388   13,410
ZAR 10,122   12/21/27   8.860%(Q)   3 Month JIBAR(1)(Q)/ 7.467%   (2,875)   (29,476)   (26,601)
ZAR 8,800   03/15/28   7.646%(Q)   3 Month JIBAR(2)(Q)/ 7.467%     (1,602)   (1,602)
ZAR 8,868   03/15/28   7.766%(Q)   3 Month JIBAR(1)(Q)/ 7.467%     (895)   (895)
ZAR 5,396   11/10/32   9.160%(Q)   3 Month JIBAR(2)(Q)/ 7.467%   (21)   11,721   11,742
                    $150,326   $181,903   $31,577
    
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Fair
Value
  Upfront
Premiums
Paid(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Interest Rate Swap Agreement:
MYR 3,100   03/15/28   3.713%(Q)   3 Month KLIBOR(1)(Q)/ 3.680%    $(5,659)    $—    $(5,659)   BOA
    
(1) The Fund pays the fixed rate and receives the floating rate.
(2) The Fund pays the floating rate and receives the fixed rate.
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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