NPORT-EX 2 PIDPC00PRU013124.htm
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Long-Term Investments 94.8%          
Convertible Bond 0.0%
China 
Sunac China Holdings Ltd.,
Sr. Sec’d. Notes, 144A, Cash coupon 1.000%
(cost $2,601) 		1.000 % 09/30/32   22  $1,087
Corporate Bonds 22.8%
Azerbaijan 0.4%
Southern Gas Corridor CJSC,
Gov’t. Gtd. Notes 		6.875 03/24/26   400 404,500
State Oil Co. of the Azerbaijan Republic,
Sr. Unsec’d. Notes 		6.950 03/18/30   400 411,500
          816,000
Bahrain 0.2%
Bapco Energies BSCC,
Sr. Unsec’d. Notes 		8.375 11/07/28   500 542,812
Brazil 0.6%
Banco do Brasil SA,
Sr. Unsec’d. Notes 		4.875 01/11/29   200 193,125
Braskem Netherlands Finance BV,
Gtd. Notes, 144A 		8.500 01/12/31   240 227,395
Globo Comunicacao e Participacoes SA,
Sr. Unsec’d. Notes 		4.875 01/22/30   200 168,750
JSM Global Sarl,
Gtd. Notes, 144A 		4.750 10/20/30(d)   400 82,000
Nexa Resources SA,
Gtd. Notes 		6.500 01/18/28   410 410,738
Petrobras Global Finance BV,
Gtd. Notes 		5.375 10/01/29 GBP 100 118,631
Suzano Austria GmbH,
Gtd. Notes 		3.750 01/15/31   150 130,266
          1,330,905
Chile 1.3%
Alfa Desarrollo SpA,
Sr. Sec’d. Notes, 144A 		4.550 09/27/51   199 145,131
Corp. Nacional del Cobre de Chile,          
Sr. Unsec’d. Notes 3.000 09/30/29   200 176,800
1
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (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 4.250 % 07/17/42   360  $281,700
Sr. Unsec’d. Notes 4.875 11/04/44   600 501,600
Sr. Unsec’d. Notes, 144A 4.875 11/04/44   200 167,200
Sr. Unsec’d. Notes, 144A 5.125 02/02/33   200 190,339
Sr. Unsec’d. Notes, 144A 6.440 01/26/36   640 662,400
Empresa Nacional del Petroleo,          
Sr. Unsec’d. Notes, 144A 3.450 09/16/31   200 167,894
Sr. Unsec’d. Notes, 144A 6.150 05/10/33   200 199,234
     
 
Mercury Chile Holdco LLC,
Sr. Sec’d. Notes 		6.500 01/24/27   400 372,000
VTR Finance NV,
Sr. Unsec’d. Notes 		6.375 07/15/28   200 76,625
          2,940,923
China 0.4%
Agile Group Holdings Ltd.,
Sr. Sec’d. Notes 		6.050 10/13/25   200 27,000
ENN Clean Energy International Investment Ltd.,
Gtd. Notes, 144A 		3.375 05/12/26   200 188,041
Prosus NV,
Sr. Unsec’d. Notes, 144A 		4.193 01/19/32   550 470,250
Sinopec Group Overseas Development 2012 Ltd.,
Gtd. Notes 		4.875 05/17/42   200 194,425
Sunac China Holdings Ltd.,          
Sr. Sec’d. Notes, 144A, PIK 6.000% 6.000 09/30/26   18 2,198
Sr. Sec’d. Notes, 144A, PIK 6.250% 6.250 09/30/27   18 2,023
Sr. Sec’d. Notes, 144A, PIK 6.500% 6.500 09/30/27   35 3,561
Sr. Sec’d. Notes, 144A, PIK 6.750% 6.750 09/30/28   53 4,669
Sr. Sec’d. Notes, 144A, PIK 7.000% 7.000 09/30/29   53 4,115
Sr. Sec’d. Notes, 144A, PIK 7.250% 7.250 09/30/30   25 1,735
          898,017
Colombia 0.7%
Colombia Telecomunicaciones SA ESP,
Sr. Unsec’d. Notes, 144A 		4.950 07/17/30   200 128,900
Ecopetrol SA,          
Sr. Unsec’d. Notes 4.625 11/02/31   76 62,259
Sr. Unsec’d. Notes 6.875 04/29/30   233 226,103
Sr. Unsec’d. Notes 8.625 01/19/29   560 591,500
Sr. Unsec’d. Notes 8.875 01/13/33   476 502,109
2
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (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  $164,980
          1,675,851
Costa Rica 0.1%
Instituto Costarricense de Electricidad,
Sr. Unsec’d. Notes, 144A 		6.750 10/07/31   200 197,813
Guatemala 0.3%
Central American Bottling Corp./CBC Bottling Holdco SL/Beliv Holdco SL,
Gtd. Notes 		5.250 04/27/29   167 155,310
CT Trust,
Sr. Sec’d. Notes, 144A 		5.125 02/03/32   200 174,000
Energuate Trust,
Gtd. Notes 		5.875 05/03/27   400 381,000
          710,310
Hungary 0.2%
MFB Magyar Fejlesztesi Bank Zrt,
Gov’t. Gtd. Notes 		6.500 06/29/28   215 220,106
MVM Energetika Zrt,
Sr. Unsec’d. Notes 		7.500 06/09/28   208 215,670
          435,776
India 1.6%
Adani Ports & Special Economic Zone Ltd.,
Sr. Unsec’d. Notes, 144A 		5.000 08/02/41   200 161,000
Azure Power Solar Energy Pvt. Ltd.,
Sr. Sec’d. Notes, 144A, MTN 		5.650 12/24/24   200 194,562
CA Magnum Holdings,
Sr. Sec’d. Notes, 144A 		5.375 10/31/26   400 373,500
GMR Hyderabad International Airport Ltd.,
Sr. Sec’d. Notes 		4.250 10/27/27   400 369,300
HPCL-Mittal Energy Ltd.,
Sr. Unsec’d. Notes 		5.250 04/28/27   400 384,500
NTPC Ltd.,
Sr. Unsec’d. Notes, EMTN 		2.750 02/01/27 EUR 100 103,234
Periama Holdings LLC,
Gtd. Notes 		5.950 04/19/26   400 394,000
3
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
India (cont’d.)
Power Finance Corp. Ltd.,          
Sr. Unsec’d. Notes 4.500 % 06/18/29   810  $780,289
Sr. Unsec’d. Notes, 144A, MTN 6.150 12/06/28   200 207,390
     
 
Reliance Industries Ltd.,
Sr. Unsec’d. Notes, 144A 		3.625 01/12/52   250 179,233
Summit Digitel Infrastructure Ltd.,
Sr. Sec’d. Notes, 144A 		2.875 08/12/31   435 357,627
TML Holdings Pte Ltd.,
Sr. Unsec’d. Notes 		5.500 06/03/24   200 198,810
          3,703,445
Indonesia 2.3%
Cikarang Listrindo Tbk PT,
Sr. Unsec’d. Notes, 144A 		4.950 09/14/26   200 192,750
Freeport Indonesia PT,
Sr. Unsec’d. Notes, 144A, MTN 		5.315 04/14/32   400 387,544
Indofood CBP Sukses Makmur Tbk PT,
Sr. Unsec’d. Notes 		3.541 04/27/32   200 171,772
Indonesia Asahan Aluminium PT/Mineral Industri
Indonesia Persero PT, 		         
Sr. Unsec’d. Notes 5.450 05/15/30   920 914,351
Sr. Unsec’d. Notes, 144A 4.750 05/15/25   200 196,937
     
 
Pertamina Geothermal Energy PT,
Sr. Unsec’d. Notes, 144A 		5.150 04/27/28   200 199,875
Pertamina Persero PT,          
Sr. Unsec’d. Notes 6.000 05/03/42   200 202,022
Sr. Unsec’d. Notes, 144A, MTN 4.700 07/30/49   200 170,522
Sr. Unsec’d. Notes, EMTN 3.100 01/21/30   200 179,375
Sr. Unsec’d. Notes, EMTN 3.100 08/27/30   300 266,625
Sr. Unsec’d. Notes, EMTN 3.650 07/30/29   200 186,688
Sr. Unsec’d. Notes, EMTN 4.700 07/30/49   200 170,522
Sr. Unsec’d. Notes, EMTN 6.500 11/07/48   200 213,772
Perusahaan Perseroan Persero PT Perusahaan
Listrik Negara, 		         
Sr. Unsec’d. Notes 1.875 11/05/31 EUR 400 355,010
Sr. Unsec’d. Notes 2.875 10/25/25 EUR 200 212,226
Sr. Unsec’d. Notes, 144A, MTN 5.450 05/21/28   620 622,703
Sr. Unsec’d. Notes, 144A, MTN 6.150 05/21/48   400 399,044
Sr. Unsec’d. Notes, EMTN 6.150 05/21/48   200 199,522
          5,241,260
4
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Israel 0.6%
Bank Leumi Le-Israel BM,
Sr. Unsec’d. Notes, 144A 		5.125 % 07/27/27   203  $198,877
Energian Israel Finance Ltd.,          
Sr. Sec’d. Notes, 144A 4.875 03/30/26   75 69,000
Sr. Sec’d. Notes, 144A 5.375 03/30/28   385 335,431
Sr. Sec’d. Notes, 144A 5.875 03/30/31   215 178,987
Leviathan Bond Ltd.,          
Sr. Sec’d. Notes, 144A 6.125 06/30/25   200 192,250
Sr. Sec’d. Notes, 144A 6.750 06/30/30   300 268,710
          1,243,255
Jamaica 0.1%
Digicel Intermediate Holdings Ltd./Digicel International Finance Ltd./DIFL US LLC,
Sr. Sec’d. Notes, Cash coupon 9.000% and PIK 1.500% (original cost $91,374; purchased 01/29/24 - 01/30/24)(f) 		9.000 05/25/27   99 93,320
Digicel MidCo Ltd./DIFL US II LLC,
Sr. Unsec’d. Notes, PIK 10.500% (original cost $41,961; purchased 01/30/24)(f) 		10.500 11/25/28   65 42,910
          136,230
Kazakhstan 0.9%
KazMunayGas National Co. JSC,          
Sr. Unsec’d. Notes 3.500 04/14/33   200 163,400
Sr. Unsec’d. Notes 4.750 04/19/27   400 389,125
Sr. Unsec’d. Notes 5.750 04/19/47   200 173,300
Sr. Unsec’d. Notes 6.375 10/24/48   600 552,000
Sr. Unsec’d. Notes, EMTN 5.375 04/24/30   800 781,600
          2,059,425
Kuwait 0.2%
MEGlobal BV,
Gtd. Notes, EMTN 		2.625 04/28/28   300 267,937
MEGlobal Canada ULC,
Gtd. Notes, 144A, MTN 		5.875 05/18/30   200 202,688
          470,625
5
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Macau 0.2%
MGM China Holdings Ltd.,
Sr. Unsec’d. Notes 		4.750 % 02/01/27   330  $308,550
Sands China Ltd.,
Sr. Unsec’d. Notes 		5.650(cc) 08/08/28   250 244,900
          553,450
Malaysia 1.1%
GENM Capital Labuan Ltd.,
Gtd. Notes 		3.882 04/19/31   400 342,500
Gohl Capital Ltd.,
Gtd. Notes 		4.250 01/24/27   250 239,187
Petronas Capital Ltd.,          
Gtd. Notes, 144A, MTN 4.550 04/21/50   800 712,152
Gtd. Notes, 144A, MTN 4.800 04/21/60   200 181,814
Gtd. Notes, EMTN 2.480 01/28/32   400 337,156
Gtd. Notes, EMTN 4.550 04/21/50   500 445,095
Gtd. Notes, EMTN 4.800 04/21/60   200 181,814
          2,439,718
Mexico 4.7%
Cemex SAB de CV,
Gtd. Notes 		5.450 11/19/29   400 394,580
Comision Federal de Electricidad,          
Gtd. Notes 4.688 05/15/29   710 666,956
Gtd. Notes, 144A 4.688 05/15/29   200 187,875
     
 
Fermaca Enterprises S de RL de CV,
Sr. Sec’d. Notes 		6.375 03/30/38   564 542,951
Mexico City Airport Trust,          
Sr. Sec’d. Notes 3.875 04/30/28   200 185,456
Sr. Sec’d. Notes 5.500 07/31/47   2,430 1,993,329
Sr. Sec’d. Notes, 144A 5.500 10/31/46   400 329,012
Sr. Sec’d. Notes, 144A 5.500 07/31/47   400 328,120
Petroleos Mexicanos,          
Gtd. Notes 5.350 02/12/28   1,069 933,953
Gtd. Notes 6.350 02/12/48(a)   493 305,167
Gtd. Notes 6.490 01/23/27   655 615,995
Gtd. Notes 6.500 03/13/27   466 436,176
Gtd. Notes 6.500 06/02/41   610 406,071
Gtd. Notes 6.700 02/16/32   1,141 925,864
Gtd. Notes 6.840 01/23/30   573 489,399
Gtd. Notes 6.950 01/28/60   45 28,733
6
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Mexico (cont’d.)
Petroleos Mexicanos, (cont’d.)          
Gtd. Notes 7.690 % 01/23/50   661  $460,387
Gtd. Notes 10.000 02/07/33   109 107,229
Gtd. Notes, EMTN 3.750 04/16/26 EUR 285 286,440
Gtd. Notes, MTN 6.750 09/21/47   805 514,958
Gtd. Notes, MTN 6.875 08/04/26   95 92,283
Gtd. Notes, MTN 8.750 06/02/29   150 144,353
     
 
Tierra Mojada Luxembourg II Sarl,
Sr. Sec’d. Notes, 144A 		5.750 12/01/40   394 343,080
          10,718,367
Panama 0.3%
Aeropuerto Internacional de Tocumen SA,          
Sr. Sec’d. Notes 4.000 08/11/41   200 148,375
Sr. Sec’d. Notes, 144A 5.125 08/11/61   400 293,708
     
 
AES Panama Generation Holdings SRL,
Sr. Sec’d. Notes 		4.375 05/31/30   393 335,876
          777,959
Peru 0.7%
Banco Internacional del Peru SAA Interbank,
Sr. Unsec’d. Notes 		3.250 10/04/26   350 328,016
Corp. Financiera de Desarrollo SA,
Sr. Unsec’d. Notes 		2.400 09/28/27   200 179,640
Fondo MIVIVIENDA SA,
Sr. Unsec’d. Notes, 144A 		4.625 04/12/27   150 145,875
InRetail Consumer,
Sr. Sec’d. Notes 		3.250 03/22/28   300 266,437
Petroleos del Peru SA,          
Sr. Unsec’d. Notes 4.750 06/19/32   225 162,603
Sr. Unsec’d. Notes 5.625 06/19/47   700 446,943
          1,529,514
Philippines 0.1%
Globe Telecom, Inc.,
Sr. Unsec’d. Notes 		3.000 07/23/35   200 152,563
Poland 0.2%
Bank Gospodarstwa Krajowego,
Gov’t. Gtd. Notes, 144A, MTN 		5.375 05/22/33   400 400,960
7
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Qatar 0.5%
QatarEnergy,          
Sr. Unsec’d. Notes 3.300 % 07/12/51   200  $139,575
Sr. Unsec’d. Notes, 144A 3.125 07/12/41   1,240 921,165
          1,060,740
Saudi Arabia 0.7%
Arabian Centres Sukuk Ltd.,
Gtd. Notes 		5.375 11/26/24   200 195,875
EIG Pearl Holdings Sarl,
Sr. Sec’d. Notes, 144A 		3.545 08/31/36   450 376,875
Greensaif Pipelines Bidco Sarl,
Sr. Sec’d. Notes, 144A 		6.129 02/23/38   200 203,800
Saudi Arabian Oil Co.,          
Sr. Unsec’d. Notes 2.250 11/24/30   260 218,075
Sr. Unsec’d. Notes, EMTN 4.250 04/16/39   400 345,450
     
 
TMS Issuer Sarl,
Sr. Sec’d. Notes, 144A 		5.780 08/23/32   200 205,500
          1,545,575
South Africa 1.7%
Eskom Holdings SOC Ltd.,          
Gov’t. Gtd. Notes, MTN 6.350 08/10/28   1,510 1,466,587
Sr. Unsec’d. Notes 7.125 02/11/25   890 884,438
Sr. Unsec’d. Notes, MTN 8.450 08/10/28   460 459,425
     
 
MTN Mauritius Investments Ltd.,
Gtd. Notes, 144A 		6.500 10/13/26   200 201,750
Sasol Financing USA LLC,
Gtd. Notes 		6.500 09/27/28   300 283,185
Transnet SOC Ltd.,          
Sr. Unsec’d. Notes 8.250 02/06/28   200 201,020
Sr. Unsec’d. Notes, 144A 8.250 02/06/28   420 422,142
          3,918,547
Thailand 0.2%
Thaioil Treasury Center Co. Ltd.,
Gtd. Notes, 144A, MTN 		3.750 06/18/50(a)   600 412,644
Trinidad & Tobago 0.1%
Heritage Petroleum Co. Ltd.,
Sr. Sec’d. Notes, 144A 		9.000 08/12/29   200 210,187
8
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Turkey 0.1%
Aydem Yenilenebilir Enerji A/S,
Sr. Sec’d. Notes, 144A 		7.750 % 02/02/27   200  $187,438
Ukraine 0.1%
NAK Naftogaz Ukraine via Kondor Finance PLC,
Sr. Unsec’d. Notes 		7.125 07/19/26(d) EUR 420 242,833
State Savings Bank of Ukraine Via SSB #1 PLC,
Sr. Unsec’d. Notes 		9.625 03/20/25   30 27,881
          270,714
United Arab Emirates 1.9%
Abu Dhabi Crude Oil Pipeline LLC,          
Sr. Sec’d. Notes 3.650 11/02/29   200 187,188
Sr. Sec’d. Notes 4.600 11/02/47   400 355,250
     
 
Abu Dhabi National Energy Co. PJSC,
Sr. Unsec’d. Notes, 144A 		4.000 10/03/49   200 160,750
DP World Crescent Ltd.,
Sr. Unsec’d. Notes, EMTN 		3.875 07/18/29   660 618,717
DP World Ltd.,
Sr. Unsec’d. Notes, EMTN 		6.850 07/02/37   1,670 1,795,250
Galaxy Pipeline Assets Bidco Ltd.,          
Sr. Sec’d. Notes 2.160 03/31/34   187 160,130
Sr. Sec’d. Notes, 144A 2.940 09/30/40   933 747,079
MDGH GMTN RSC Ltd.,          
Gtd. Notes, 144A, MTN 5.084 05/22/53   200 189,250
Gtd. Notes, EMTN 3.700 11/07/49   240 182,700
          4,396,314
Venezuela 0.1%
Petroleos de Venezuela SA,          
Gtd. Notes 5.375 04/12/27(d)   205 20,705
Gtd. Notes 6.000 05/16/24(d)   45 4,838
Gtd. Notes 6.000 11/15/26(d)   65 6,987
Sr. Sec’d. Notes 8.500 10/27/20(d)   205 170,662
          203,192
9
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Vietnam 0.2%
Mong Duong Finance Holdings BV,
Sr. Sec’d. Notes 		5.125 % 05/07/29   461  $430,594
     
 
Total Corporate Bonds
(cost $55,894,582) 		51,611,123
Sovereign Bonds 71.9%
Angola 2.2%
Angolan Government International Bond,          
Sr. Unsec’d. Notes 8.250 05/09/28   2,180 1,962,000
Sr. Unsec’d. Notes 8.750 04/14/32   500 427,500
Sr. Unsec’d. Notes 9.375 05/08/48   600 480,000
Sr. Unsec’d. Notes 9.500 11/12/25   1,305 1,280,466
Sr. Unsec’d. Notes, EMTN 8.000 11/26/29   1,000 867,500
          5,017,466
Argentina 1.3%
Argentine Republic Government International
Bond, 		         
Sr. Unsec’d. Notes 0.000 12/15/35(d)   16,368 540,144
Sr. Unsec’d. Notes 0.000 12/15/35(d) EUR 15,000 871,963
Sr. Unsec’d. Notes 0.750(cc) 07/09/30   481 194,509
Sr. Unsec’d. Notes 1.000 07/09/29   544 218,728
Sr. Unsec’d. Notes 3.500(cc) 07/09/41   567 188,305
Sr. Unsec’d. Notes 3.625(cc) 07/09/35   1,772 592,684
Sr. Unsec’d. Notes 3.625(cc) 07/09/46   335 113,565
Sr. Unsec’d. Notes 4.250(cc) 01/09/38   527 202,317
     
 
Provincia de Buenos Aires,
Sr. Unsec’d. Notes, 144A, MTN 		6.375(cc) 09/01/37   194 76,004
          2,998,219
Bahrain 1.5%
Bahrain Government International Bond,          
Sr. Unsec’d. Notes 6.750 09/20/29   800 803,000
Sr. Unsec’d. Notes 7.000 10/12/28   950 972,563
Sr. Unsec’d. Notes 7.375 05/14/30   1,070 1,103,437
Sr. Unsec’d. Notes 7.500 09/20/47   400 367,460
Sr. Unsec’d. Notes, EMTN 6.250 01/25/51   200 160,750
          3,407,210
10
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Sovereign Bonds (Continued)
Brazil 3.3%
Brazil Minas SPE via State of Minas Gerais,
Gov’t. Gtd. Notes 		5.333 % 02/15/28   143  $140,485
Brazilian Government International Bond,          
Sr. Unsec’d. Notes 3.875 06/12/30   1,285 1,163,567
Sr. Unsec’d. Notes 4.500 05/30/29   557 532,771
Sr. Unsec’d. Notes 5.000 01/27/45   1,631 1,290,121
Sr. Unsec’d. Notes 5.625 01/07/41   845 761,345
Sr. Unsec’d. Notes 6.000 10/20/33   1,495 1,475,565
Sr. Unsec’d. Notes 6.250 03/18/31   210 215,670
Sr. Unsec’d. Notes 7.125 01/20/37   585 625,658
Sr. Unsec’d. Notes 7.125 05/13/54   285 284,715
Sr. Unsec’d. Notes 8.250 01/20/34   763 872,109
          7,362,006
Cameroon 0.1%
Republic of Cameroon International Bond,
Sr. Unsec’d. Notes 		9.500 11/19/25   267 258,101
Chile 0.5%
Chile Government International Bond,          
Sr. Unsec’d. Notes 2.550 07/27/33   370 304,140
Sr. Unsec’d. Notes 2.750 01/31/27   220 207,900
Sr. Unsec’d. Notes 3.100 01/22/61   200 127,700
Sr. Unsec’d. Notes 3.250 09/21/71   200 128,100
Sr. Unsec’d. Notes 4.000 01/31/52   235 187,295
Sr. Unsec’d. Notes 4.340 03/07/42   280 245,980
          1,201,115
Colombia 3.2%
Colombia Government International Bond,          
Sr. Unsec’d. Notes 3.000 01/30/30   1,518 1,256,904
Sr. Unsec’d. Notes 3.875 04/25/27   870 823,455
Sr. Unsec’d. Notes 4.500 03/15/29   1,300 1,195,350
Sr. Unsec’d. Notes 5.000 06/15/45   400 291,200
Sr. Unsec’d. Notes 5.200 05/15/49   412 303,026
Sr. Unsec’d. Notes 5.625 02/26/44   710 563,385
Sr. Unsec’d. Notes 6.125 01/18/41   730 633,275
Sr. Unsec’d. Notes 7.500 02/02/34   840 857,220
Sr. Unsec’d. Notes 8.000 04/20/33   910 964,884
11
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Sovereign Bonds (Continued)
Colombia (cont’d.)
Colombia Government International Bond, (cont’d.)          
Sr. Unsec’d. Notes 8.750 % 11/14/53   200  $217,500
Sr. Unsec’d. Notes 10.375 01/28/33   200 238,504
          7,344,703
Congo (Republic) 0.1%
Congolese International Bond,
Sr. Unsec’d. Notes 		6.000 06/30/29   208 166,521
Costa Rica 1.1%
Costa Rica Government International Bond,          
Sr. Unsec’d. Notes 4.375 04/30/25   200 196,312
Sr. Unsec’d. Notes 6.125 02/19/31   650 656,500
Sr. Unsec’d. Notes 7.000 04/04/44   400 405,200
Sr. Unsec’d. Notes, 144A 6.550 04/03/34   465 475,695
Unsec’d. Notes, 144A 7.300 11/13/54   620 647,590
          2,381,297
Dominican Republic 3.6%
Dominican Republic International Bond,          
Sr. Unsec’d. Notes 4.500 01/30/30   1,691 1,541,346
Sr. Unsec’d. Notes 4.875 09/23/32   190 169,575
Sr. Unsec’d. Notes 5.500 02/22/29   883 854,038
Sr. Unsec’d. Notes 5.950 01/25/27   705 705,353
Sr. Unsec’d. Notes 6.000 07/19/28   640 641,600
Sr. Unsec’d. Notes 6.400 06/05/49(a)   1,020 943,500
Sr. Unsec’d. Notes 6.850 01/27/45   610 596,275
Sr. Unsec’d. Notes 6.875 01/29/26   300 304,650
Sr. Unsec’d. Notes 7.450 04/30/44   1,120 1,167,600
Sr. Unsec’d. Notes, 144A 5.300 01/21/41   150 126,150
Sr. Unsec’d. Notes, 144A 5.500 02/22/29   1,010 976,872
Sr. Unsec’d. Notes, 144A 6.000 07/19/28   170 170,425
          8,197,384
Ecuador 1.2%
Ecuador Government International Bond,          
Sr. Unsec’d. Notes 2.500(cc) 07/31/40   337 123,358
Sr. Unsec’d. Notes 6.000(cc) 07/31/30   590 309,944
Sr. Unsec’d. Notes, 144A 7.187(s) 07/31/30   179 59,054
Sr. Unsec’d. Notes, 144A 2.500(cc) 07/31/40   1,511 553,075
12
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Sovereign Bonds (Continued)
Ecuador (cont’d.)
Ecuador Government International Bond, (cont’d.)          
Sr. Unsec’d. Notes, 144A 3.500 %(cc) 07/31/35   2,705  $1,096,921
Sr. Unsec’d. Notes, 144A 6.000(cc) 07/31/30   910 477,782
          2,620,134
Egypt 2.2%
Egypt Government International Bond,          
Sr. Unsec’d. Notes 5.800 09/30/27   220 164,175
Sr. Unsec’d. Notes 7.500 01/31/27   200 163,600
Sr. Unsec’d. Notes 7.625 05/29/32   1,310 887,525
Sr. Unsec’d. Notes 7.903 02/21/48   200 118,750
Sr. Unsec’d. Notes 8.500 01/31/47   500 305,000
Sr. Unsec’d. Notes 8.700 03/01/49   850 527,000
Sr. Unsec’d. Notes 8.875 05/29/50   400 251,000
Sr. Unsec’d. Notes, 144A 8.700 03/01/49   410 254,200
Sr. Unsec’d. Notes, 144A, MTN 6.375 04/11/31 EUR 220 151,568
Sr. Unsec’d. Notes, 144A, MTN 8.500 01/31/47   255 155,550
Sr. Unsec’d. Notes, EMTN 3.875 02/16/26   300 242,625
Sr. Unsec’d. Notes, EMTN 4.750 04/11/25 EUR 145 142,794
Sr. Unsec’d. Notes, EMTN 4.750 04/16/26 EUR 775 678,410
Sr. Unsec’d. Notes, EMTN 5.625 04/16/30 EUR 450 310,026
Sr. Unsec’d. Notes, EMTN 6.375 04/11/31 EUR 300 206,684
Sr. Unsec’d. Notes, EMTN 7.600 03/01/29   650 477,750
          5,036,657
El Salvador 0.7%
El Salvador Government International Bond,          
Sr. Unsec’d. Notes 5.875 01/30/25(a)   501 475,449
Sr. Unsec’d. Notes 6.375 01/18/27   495 439,560
Sr. Unsec’d. Notes 7.625 02/01/41   150 112,800
Sr. Unsec’d. Notes 7.650 06/15/35   57 44,403
Sr. Unsec’d. Notes 8.250 04/10/32   275 234,162
Sr. Unsec’d. Notes 8.625 02/28/29   340 305,660
          1,612,034
Gabon 0.8%
Gabon Government International Bond,          
Sr. Unsec’d. Notes 6.625 02/06/31   800 652,000
13
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Sovereign Bonds (Continued)
Gabon (cont’d.)
Gabon Government International Bond, (cont’d.)          
Sr. Unsec’d. Notes 6.950 % 06/16/25   1,000  $958,125
Sr. Unsec’d. Notes 7.000 11/24/31   200 163,000
          1,773,125
Ghana 1.1%
Ghana Government International Bond,          
Bank Gtd. Notes 10.750 10/14/30   400 258,000
Sr. Unsec’d. Notes 6.375 02/11/27(d)   450 201,938
Sr. Unsec’d. Notes 7.625 05/16/29(d)   400 177,000
Sr. Unsec’d. Notes 7.750 04/07/29(d)   650 289,250
Sr. Unsec’d. Notes 7.875 03/26/27(d)   750 337,500
Sr. Unsec’d. Notes 7.875 02/11/35(d)   800 354,000
Sr. Unsec’d. Notes 8.125 01/18/26(d)   400 190,000
Sr. Unsec’d. Notes 8.750 03/11/61(d)   200 88,250
Sr. Unsec’d. Notes 8.875 05/07/42(d)   200 87,750
Sr. Unsec’d. Notes 8.950 03/26/51(d)   870 383,887
Sr. Unsec’d. Notes, 144A 8.950 03/26/51(d)   205 90,456
          2,458,031
Guatemala 0.8%
Guatemala Government Bond,          
Sr. Unsec’d. Notes 4.875 02/13/28   400 386,500
Sr. Unsec’d. Notes 6.125 06/01/50   850 772,926
Sr. Unsec’d. Notes, 144A 4.650 10/07/41   200 160,300
Unsec’d. Notes 5.250 08/10/29   430 416,455
          1,736,181
Honduras 0.2%
Honduras Government International Bond,
Sr. Unsec’d. Notes 		6.250 01/19/27   400 379,600
Hungary 2.8%
Hungary Government International Bond,          
Sr. Unsec’d. Notes 3.125 09/21/51   440 280,500
Sr. Unsec’d. Notes 5.250 06/16/29   200 198,000
Sr. Unsec’d. Notes 6.125 05/22/28   812 835,142
Sr. Unsec’d. Notes 6.250 09/22/32   220 229,570
Sr. Unsec’d. Notes 7.625 03/29/41   760 874,190
Sr. Unsec’d. Notes, 144A 5.250 06/16/29   740 732,600
14
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Sovereign Bonds (Continued)
Hungary (cont’d.)
Hungary Government International Bond, (cont’d.)          
Sr. Unsec’d. Notes, 144A 5.500 % 03/26/36   448  $439,544
Sr. Unsec’d. Notes, 144A 6.125 05/22/28   500 514,250
Sr. Unsec’d. Notes, 144A 6.250 09/22/32   1,235 1,288,722
Sr. Unsec’d. Notes, 144A 6.750 09/25/52   220 235,675
     
 
Magyar Export-Import Bank Zrt,
Gov’t. Gtd. Notes, 144A 		6.125 12/04/27   600 606,750
          6,234,943
India 0.3%
Export-Import Bank of India,          
Sr. Unsec’d. Notes 3.875 02/01/28   200 191,868
Sr. Unsec’d. Notes, 144A, MTN 3.250 01/15/30   400 362,024
Sr. Unsec’d. Notes, EMTN 2.250 01/13/31   200 165,680
          719,572
Indonesia 2.8%
Indonesia Government International Bond,          
Sr. Unsec’d. Notes 1.100 03/12/33 EUR 440 375,651
Sr. Unsec’d. Notes 1.400 10/30/31 EUR 100 91,184
Sr. Unsec’d. Notes 3.550 03/31/32   200 182,250
Sr. Unsec’d. Notes 4.300 03/31/52   400 343,544
Sr. Unsec’d. Notes 4.650 09/20/32   590 579,740
Sr. Unsec’d. Notes 5.450 09/20/52   400 404,544
Sr. Unsec’d. Notes 5.650 01/11/53   200 208,522
Sr. Unsec’d. Notes 6.625 02/17/37   150 170,248
Sr. Unsec’d. Notes 7.750 01/17/38   690 861,713
Sr. Unsec’d. Notes 8.500 10/12/35   400 516,044
Sr. Unsec’d. Notes, 144A 6.625 02/17/37   290 329,146
Sr. Unsec’d. Notes, EMTN 3.750 06/14/28 EUR 370 401,358
Sr. Unsec’d. Notes, EMTN 4.625 04/15/43   200 186,522
Sr. Unsec’d. Notes, EMTN 4.750 07/18/47   230 214,213
Sr. Unsec’d. Notes, EMTN 5.125 01/15/45   200 196,522
Sr. Unsec’d. Notes, EMTN 5.250 01/17/42   400 398,544
Sr. Unsec’d. Notes, EMTN 6.750 01/15/44   100 117,011
Perusahaan Penerbit SBSN Indonesia III,          
Sr. Unsec’d. Notes 4.700 06/06/32   600 591,066
Sr. Unsec’d. Notes, 144A 4.700 06/06/32   205 201,948
          6,369,770
15
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Sovereign Bonds (Continued)
Iraq 0.1%
Iraq International Bond,
Sr. Unsec’d. Notes 		5.800 % 01/15/28   323  $300,328
Ivory Coast 1.6%
Ivory Coast Government International Bond,          
Sr. Unsec’d. Notes 5.250 03/22/30 EUR 1,360 1,332,514
Sr. Unsec’d. Notes 5.750 12/31/32   81 77,470
Sr. Unsec’d. Notes 5.875 10/17/31 EUR 1,150 1,120,544
Sr. Unsec’d. Notes 6.375 03/03/28   200 194,750
Sr. Unsec’d. Notes, 144A 7.625 01/30/33   515 510,365
Sr. Unsec’d. Notes, 144A 8.250 01/30/37   400 400,400
          3,636,043
Jamaica 0.6%
Jamaica Government International Bond,          
Sr. Unsec’d. Notes 6.750 04/28/28   500 521,562
Sr. Unsec’d. Notes 7.875 07/28/45   400 465,000
Sr. Unsec’d. Notes 8.000 03/15/39(a)   320 380,320
          1,366,882
Jordan 0.7%
Jordan Government International Bond,          
Sr. Unsec’d. Notes 5.750 01/31/27   200 191,000
Sr. Unsec’d. Notes 6.125 01/29/26   200 194,250
Sr. Unsec’d. Notes 7.375 10/10/47   400 340,000
Sr. Unsec’d. Notes 7.750 01/15/28   550 550,000
Sr. Unsec’d. Notes, 144A 7.500 01/13/29   205 200,644
Sr. Unsec’d. Notes, 144A 7.750 01/15/28   220 220,000
          1,695,894
Kazakhstan 0.1%
Kazakhstan Government International Bond,
Sr. Unsec’d. Notes, EMTN 		6.500 07/21/45   200 220,300
Lebanon 0.1%
Lebanon Government International Bond,          
Sr. Unsec’d. Notes 6.000 01/27/23(d)   191 10,887
Sr. Unsec’d. Notes 6.650 04/22/24(d)   172 9,804
Sr. Unsec’d. Notes 6.750 11/29/27(d)   170 9,690
Sr. Unsec’d. Notes 6.850 03/23/27(d)   30 1,710
16
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (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 7.000 % 04/22/31(d)   115  $6,555
Sr. Unsec’d. Notes, EMTN 6.100 10/04/22(d)   75 4,275
Sr. Unsec’d. Notes, EMTN 6.850 05/25/29(d)   335 19,095
Sr. Unsec’d. Notes, GMTN 6.250 05/27/22(d)   245 13,965
Sr. Unsec’d. Notes, GMTN 6.250 11/04/24(d)   320 18,240
Sr. Unsec’d. Notes, GMTN 6.375 03/09/20(d)   220 12,540
Sr. Unsec’d. Notes, GMTN 6.400 05/26/23(d)   250 13,800
Sr. Unsec’d. Notes, GMTN 6.650 02/26/30(d)   715 40,755
Sr. Unsec’d. Notes, GMTN 7.150 11/20/31(d)   415 24,586
          185,902
Mexico 2.9%
Mexico Government International Bond,          
Sr. Unsec’d. Notes 2.659 05/24/31   465 390,600
Sr. Unsec’d. Notes 3.250 04/16/30   270 242,298
Sr. Unsec’d. Notes 3.500 02/12/34   1,000 836,500
Sr. Unsec’d. Notes 3.750 01/11/28   320 306,880
Sr. Unsec’d. Notes 4.600 02/10/48   300 241,050
Sr. Unsec’d. Notes 4.875 05/19/33   850 812,175
Sr. Unsec’d. Notes 5.400 02/09/28   350 356,475
Sr. Unsec’d. Notes 6.000 05/07/36   605 612,865
Sr. Unsec’d. Notes 6.338 05/04/53   290 288,260
Sr. Unsec’d. Notes 6.350 02/09/35   250 260,025
Sr. Unsec’d. Notes 6.400 05/07/54   400 401,040
Sr. Unsec’d. Notes, GMTN 5.750 10/12/2110   358 315,362
Sr. Unsec’d. Notes, MTN 4.750 03/08/44   140 117,110
Sr. Unsec’d. Notes, MTN 6.050 01/11/40   930 926,745
Sr. Unsec’d. Notes, Series A, MTN 6.750 09/27/34   203 217,210
Sr. Unsec’d. Notes, Series A, MTN 7.500 04/08/33   130 147,485
          6,472,080
Mongolia 0.2%
Mongolia Government International Bond,          
Sr. Unsec’d. Notes 8.650 01/19/28   200 209,272
Sr. Unsec’d. Notes, 144A 7.875 06/05/29   200 205,272
          414,544
17
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Sovereign Bonds (Continued)
Morocco 0.9%
Morocco Government International Bond,          
Sr. Unsec’d. Notes 1.500 % 11/27/31 EUR 100  $86,456
Sr. Unsec’d. Notes 2.000 09/30/30 EUR 400 370,140
Sr. Unsec’d. Notes 2.375 12/15/27   200 179,000
Sr. Unsec’d. Notes 4.000 12/15/50   400 272,580
Sr. Unsec’d. Notes, 144A 5.950 03/08/28   550 561,000
Sr. Unsec’d. Notes, 144A 6.500 09/08/33   595 615,081
          2,084,257
Mozambique 0.4%
Mozambique International Bond,
Unsec’d. Notes 		9.000 09/15/31   1,040 898,300
Nigeria 1.3%
Nigeria Government International Bond,          
Sr. Unsec’d. Notes 7.143 02/23/30   200 174,500
Sr. Unsec’d. Notes 7.696 02/23/38   200 157,640
Sr. Unsec’d. Notes 7.875 02/16/32   400 347,000
Sr. Unsec’d. Notes 8.747 01/21/31   400 370,500
Sr. Unsec’d. Notes 9.248 01/21/49   200 176,100
Sr. Unsec’d. Notes, 144A 7.696 02/23/38   200 157,640
Sr. Unsec’d. Notes, 144A, MTN 7.375 09/28/33   200 164,500
Sr. Unsec’d. Notes, EMTN 6.500 11/28/27   900 814,950
Sr. Unsec’d. Notes, EMTN 8.250 09/28/51   250 198,750
Sr. Unsec’d. Notes, EMTN 8.375 03/24/29   400 374,500
          2,936,080
Oman 2.8%
Oman Government International Bond,          
Sr. Unsec’d. Notes 4.750 06/15/26   410 403,850
Sr. Unsec’d. Notes 5.375 03/08/27   930 931,162
Sr. Unsec’d. Notes 5.625 01/17/28   1,480 1,497,205
Sr. Unsec’d. Notes 6.500 03/08/47   1,025 1,009,497
Sr. Unsec’d. Notes 6.750 10/28/27   800 838,000
Sr. Unsec’d. Notes 7.000 01/25/51   200 205,980
Sr. Unsec’d. Notes, 144A 6.750 01/17/48   200 201,500
Sr. Unsec’d. Notes, EMTN 6.000 08/01/29   1,200 1,225,500
          6,312,694
18
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Sovereign Bonds (Continued)
Pakistan 1.4%
Pakistan Government International Bond,          
Sr. Unsec’d. Notes 6.875 % 12/05/27   440  $315,748
Sr. Unsec’d. Notes 8.250 04/15/24   1,100 1,075,250
Sr. Unsec’d. Notes 8.250 09/30/25(a)   770 666,135
Sr. Unsec’d. Notes, 144A, MTN 7.375 04/08/31   200 129,022
Sr. Unsec’d. Notes, EMTN 6.000 04/08/26(a)   610 470,874
Sr. Unsec’d. Notes, EMTN 7.375 04/08/31   650 419,322
          3,076,351
Panama 1.2%
Panama Government International Bond,          
Sr. Unsec’d. Notes 3.160 01/23/30   200 167,100
Sr. Unsec’d. Notes 3.298 01/19/33   200 153,500
Sr. Unsec’d. Notes 3.870 07/23/60   200 111,800
Sr. Unsec’d. Notes 4.300 04/29/53   375 236,813
Sr. Unsec’d. Notes 4.500 04/16/50   850 561,212
Sr. Unsec’d. Notes 4.500 04/01/56   660 419,430
Sr. Unsec’d. Notes 4.500 01/19/63   200 123,900
Sr. Unsec’d. Notes 6.700 01/26/36   695 666,192
Sr. Unsec’d. Notes 6.853 03/28/54   215 191,350
Sr. Unsec’d. Notes 9.375 04/01/29   165 184,388
          2,815,685
Papua New Guinea 0.2%
Papua New Guinea Government International
Bond, 		         
Sr. Unsec’d. Notes 8.375 10/04/28   220 205,106
Sr. Unsec’d. Notes, 144A 8.375 10/04/28   200 186,460
          391,566
Paraguay 0.5%
Paraguay Government International Bond,          
Sr. Unsec’d. Notes 4.700 03/27/27   200 196,200
Sr. Unsec’d. Notes 4.950 04/28/31   200 192,400
Sr. Unsec’d. Notes 6.100 08/11/44   700 666,400
Sr. Unsec’d. Notes, 144A 5.400 03/30/50   200 172,200
          1,227,200
19
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Sovereign Bonds (Continued)
Peru 1.9%
Peruvian Government International Bond,          
Sr. Unsec’d. Notes 2.780 % 12/01/60   490  $289,590
Sr. Unsec’d. Notes 2.783 01/23/31   1,050 906,675
Sr. Unsec’d. Notes 3.000 01/15/34   1,385 1,153,566
Sr. Unsec’d. Notes 3.230 07/28/2121   110 64,625
Sr. Unsec’d. Notes 3.600 01/15/72   515 347,110
Sr. Unsec’d. Notes 5.625 11/18/50   502 505,263
Sr. Unsec’d. Notes 6.550 03/14/37   225 247,163
Sr. Unsec’d. Notes 8.750 11/21/33   670 834,150
          4,348,142
Philippines 1.7%
Philippine Government International Bond,          
Sr. Unsec’d. Notes 1.750 04/28/41 EUR 265 199,396
Sr. Unsec’d. Notes 2.650 12/10/45   200 133,260
Sr. Unsec’d. Notes 3.200 07/06/46   200 144,522
Sr. Unsec’d. Notes 3.556 09/29/32   300 271,908
Sr. Unsec’d. Notes 3.700 03/01/41   600 495,816
Sr. Unsec’d. Notes 3.950 01/20/40   450 390,425
Sr. Unsec’d. Notes 4.200 03/29/47   700 592,452
Sr. Unsec’d. Notes 5.000 07/17/33   770 778,747
Sr. Unsec’d. Notes 5.609 04/13/33   200 209,272
Sr. Unsec’d. Notes 6.375 10/23/34   200 221,772
Sr. Unsec’d. Notes 7.750 01/14/31   420 491,400
          3,928,970
Poland 0.5%
Republic of Poland Government International
Bond, 		         
Sr. Unsec’d. Notes 5.500 04/04/53   785 793,517
Sr. Unsec’d. Notes 5.750 11/16/32   230 243,897
          1,037,414
Qatar 2.5%
Qatar Government International Bond,          
Sr. Unsec’d. Notes 4.000 03/14/29   1,000 985,000
Sr. Unsec’d. Notes 4.500 04/23/28   500 501,938
Sr. Unsec’d. Notes 4.625 06/02/46   330 302,775
Sr. Unsec’d. Notes 4.817 03/14/49   220 204,875
Sr. Unsec’d. Notes 5.103 04/23/48   2,210 2,130,716
20
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Sovereign Bonds (Continued)
Qatar (cont’d.)
Qatar Government International Bond, (cont’d.)          
Sr. Unsec’d. Notes 6.400 % 01/20/40   100  $113,125
Sr. Unsec’d. Notes, 144A 4.817 03/14/49   1,340 1,247,875
Sr. Unsec’d. Notes, 144A 5.103 04/23/48   200 192,825
          5,679,129
Romania 3.4%
Romanian Government International Bond,          
Sr. Unsec’d. Notes 5.125 06/15/48   180 154,575
Sr. Unsec’d. Notes, 144A 6.375 01/30/34   520 530,452
Sr. Unsec’d. Notes, 144A 6.625 02/17/28   1,080 1,115,737
Sr. Unsec’d. Notes, 144A 7.125 01/17/33   478 515,093
Sr. Unsec’d. Notes, 144A 7.625 01/17/53   1,136 1,266,640
Sr. Unsec’d. Notes, EMTN 2.000 04/14/33 EUR 260 212,802
Sr. Unsec’d. Notes, EMTN 2.125 03/07/28 EUR 960 945,396
Sr. Unsec’d. Notes, EMTN 3.875 10/29/35 EUR 440 403,754
Sr. Unsec’d. Notes, EMTN 4.125 03/11/39 EUR 410 371,085
Sr. Unsec’d. Notes, EMTN 5.000 09/27/26 EUR 490 545,297
Sr. Unsec’d. Notes, EMTN 6.000 05/25/34   80 79,760
Sr. Unsec’d. Notes, EMTN 6.625 09/27/29 EUR 370 427,849
Unsec’d. Notes, 144A, MTN 6.000 05/25/34   1,022 1,018,934
          7,587,374
Russia 0.1%
Russian Foreign Bond - Eurobond,          
Sr. Unsec’d. Notes 1.850 11/20/32(d) EUR 300 108,610
Sr. Unsec’d. Notes 5.100 03/28/35(d)   400 215,600
          324,210
Saudi Arabia 2.7%
Saudi Government International Bond,          
Sr. Unsec’d. Notes 5.250 01/16/50   480 447,804
Sr. Unsec’d. Notes, 144A 5.000 01/16/34   385 383,075
Sr. Unsec’d. Notes, 144A 5.250 01/16/50   400 373,170
Sr. Unsec’d. Notes, 144A 5.750 01/16/54   365 357,417
Sr. Unsec’d. Notes, 144A, MTN 5.000 01/18/53   600 533,250
Sr. Unsec’d. Notes, EMTN 4.500 10/26/46   2,500 2,131,250
21
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Sovereign Bonds (Continued)
Saudi Arabia (cont’d.)
Saudi Government International Bond, (cont’d.)          
Sr. Unsec’d. Notes, EMTN 4.625 % 10/04/47   1,470  $1,264,200
Sr. Unsec’d. Notes, EMTN 5.000 04/17/49   800 724,100
          6,214,266
Senegal 0.8%
Senegal Government International Bond,          
Sr. Unsec’d. Notes 4.750 03/13/28 EUR 1,110 1,096,113
Sr. Unsec’d. Notes 5.375 06/08/37 EUR 785 612,933
Sr. Unsec’d. Notes, 144A 5.375 06/08/37 EUR 100 78,081
          1,787,127
Serbia 1.5%
Serbia International Bond,          
Sr. Unsec’d. Notes 1.500 06/26/29 EUR 1,120 1,015,210
Sr. Unsec’d. Notes, 144A 1.650 03/03/33 EUR 225 178,417
Sr. Unsec’d. Notes, 144A 2.125 12/01/30   230 183,425
Sr. Unsec’d. Notes, 144A 3.125 05/15/27 EUR 715 737,929
Sr. Unsec’d. Notes, 144A 6.250 05/26/28   600 612,825
Sr. Unsec’d. Notes, 144A 6.500 09/26/33   430 439,234
Sr. Unsec’d. Notes, EMTN 1.000 09/23/28 EUR 230 209,102
          3,376,142
South Africa 1.6%
Republic of South Africa Government International
Bond, 		         
Sr. Unsec’d. Notes 4.300 10/12/28   200 183,135
Sr. Unsec’d. Notes 4.850 09/30/29   1,000 908,950
Sr. Unsec’d. Notes 5.750 09/30/49   1,550 1,148,627
Sr. Unsec’d. Notes 5.875 06/22/30   340 319,447
Sr. Unsec’d. Notes 5.875 04/20/32   600 550,440
Sr. Unsec’d. Notes 7.300 04/20/52   480 423,840
          3,534,439
Sri Lanka 1.0%
Sri Lanka Government International Bond,          
Sr. Unsec’d. Notes 5.750 04/18/23(d)   400 209,044
Sr. Unsec’d. Notes 6.200 05/11/27(d)   600 304,566
Sr. Unsec’d. Notes 6.350 06/28/24(d)   630 322,678
22
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (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 6.750 % 04/18/28(d)   240  $122,448
Sr. Unsec’d. Notes 6.825 07/18/26(d)   1,150 602,025
Sr. Unsec’d. Notes 6.850 11/03/25(a)(d)   350 182,476
Sr. Unsec’d. Notes 7.550 03/28/30(d)   440 221,149
Sr. Unsec’d. Notes 7.850 03/14/29(d)   250 125,715
Sr. Unsec’d. Notes, 144A 6.750 04/18/28(d)   200 102,040
Sr. Unsec’d. Notes, 144A 6.850 03/14/24(d)   205 105,136
          2,297,277
Turkey 4.2%
Turkey Government International Bond,          
Sr. Unsec’d. Notes 4.750 01/26/26   495 478,418
Sr. Unsec’d. Notes 5.250 03/13/30   810 716,445
Sr. Unsec’d. Notes 6.000 01/14/41   200 158,850
Sr. Unsec’d. Notes 6.125 10/24/28   920 882,602
Sr. Unsec’d. Notes 6.875 03/17/36   669 607,117
Sr. Unsec’d. Notes 9.875 01/15/28   629 683,723
Turkiye Government International Bond,          
Sr. Unsec’d. Notes 4.250 04/14/26   400 381,000
Sr. Unsec’d. Notes 4.875 10/09/26   620 591,790
Sr. Unsec’d. Notes 5.750 05/11/47   400 292,180
Sr. Unsec’d. Notes 5.950 01/15/31   400 363,200
Sr. Unsec’d. Notes 6.000 03/25/27   440 427,460
Sr. Unsec’d. Notes 9.125 07/13/30   1,245 1,325,925
Sr. Unsec’d. Notes 9.375 03/14/29   1,831 1,968,325
Sr. Unsec’d. Notes 9.375 01/19/33   600 651,000
          9,528,035
Ukraine 1.0%
Ukraine Government International Bond,          
Sr. Unsec’d. Notes 4.375 01/27/32(d) EUR 760 171,658
Sr. Unsec’d. Notes 6.750 06/20/28(d) EUR 580 149,493
Sr. Unsec’d. Notes 7.375 09/25/34(d)   200 45,200
Sr. Unsec’d. Notes 7.750 09/01/25(d)   300 82,050
Sr. Unsec’d. Notes 7.750 09/01/26(d)   1,030 267,543
Sr. Unsec’d. Notes 7.750 09/01/27(d)   1,920 483,840
Sr. Unsec’d. Notes 7.750 09/01/28(d)   1,520 380,000
Sr. Unsec’d. Notes 7.750 09/01/29(d)   520 128,960
Sr. Unsec’d. Notes 8.994 02/01/26(d)   200 57,700
Sr. Unsec’d. Notes 9.750 11/01/30(d)   1,665 439,560
23
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Sovereign Bonds (Continued)
Ukraine (cont’d.)
Ukraine Government International Bond, (cont’d.)          
Sr. Unsec’d. Notes, 144A 4.375 % 01/27/32(d) EUR 100   $22,587
     
 
Ukreximbank Via Biz Finance PLC,
Sr. Unsec’d. Notes 		9.750 01/22/25   25 23,000
          2,251,591
United Arab Emirates 1.5%
Abu Dhabi Government International Bond,          
Sr. Unsec’d. Notes 3.125 09/30/49   800 557,000
Sr. Unsec’d. Notes, 144A 3.125 09/30/49   500 348,125
Sr. Unsec’d. Notes, 144A, MTN 3.875 04/16/50   200 160,250
     
 
Emirate of Dubai Government International Bonds,
Sr. Unsec’d. Notes, EMTN 		5.250 01/30/43   1,390 1,304,862
Finance Department Government of Sharjah,          
Sr. Unsec’d. Notes 6.500 11/23/32   200 206,500
Sr. Unsec’d. Notes, 144A 6.500 11/23/32   355 366,538
Sr. Unsec’d. Notes, 144A, MTN 4.000 07/28/50   400 257,000
Sr. Unsec’d. Notes, MTN 4.000 07/28/50   200 128,500
          3,328,775
Uruguay 1.6%
Uruguay Government International Bond,          
Sr. Unsec’d. Notes 4.125 11/20/45   120 105,600
Sr. Unsec’d. Notes 4.975 04/20/55   800 751,600
Sr. Unsec’d. Notes 5.100 06/18/50   1,104 1,074,082
Sr. Unsec’d. Notes 7.625 03/21/36   870 1,060,312
Sr. Unsec’d. Notes, Cash coupon 7.875% 7.875 01/15/33   435 524,828
          3,516,422
Venezuela 0.4%
Venezuela Government International Bond,          
Sr. Unsec’d. Notes 9.250 09/15/27(d)   5,320 949,620
Sr. Unsec’d. Notes 12.750 08/23/22(d)   180 25,650
          975,270
Zambia 0.7%
Zambia Government International Bond,          
Sr. Unsec’d. Notes 8.500 04/14/24(d)   1,610 1,014,300
24
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (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  $374,250
Unsec’d. Notes 5.375 09/20/22(d)   200 112,946
          1,501,496
     
 
Total Sovereign Bonds
(cost $175,511,502) 		162,524,254
U.S. Treasury Obligation(h) 0.1%
U.S. Treasury Notes
(cost $265,138) 		4.250 09/30/24   265 263,644
    
      Shares  
Common Stock 0.0%
Jamaica 
Digicel International Finance Ltd.
(original Cost $1,535; purchased 01/30/24)*(f)
(cost $1,535) 		      853 1,535
     
 
 
Total Long-Term Investments
(cost $231,675,358) 		214,401,643
 
Short-Term Investments 4.6%
Affiliated Mutual Funds 4.6%
PGIM Core Government Money Market Fund (7-day effective yield 5.560%)(wb)     7,178,029 7,178,029
PGIM Institutional Money Market Fund (7-day effective yield 5.727%)
(cost $3,157,115; includes $3,146,830 of cash collateral for securities on loan)(b)(wb) 		    3,158,518 3,157,571
 
Total Affiliated Mutual Funds
(cost $10,335,144) 		10,335,600
Options Purchased*~ 0.0%
(cost $18,512) 13,133
     
 
 
Total Short-Term Investments
(cost $10,353,656) 		10,348,733
     
 
25
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description       Value
 
     
TOTAL INVESTMENTS, BEFORE OPTIONS WRITTEN 99.4%
(cost $242,029,014) 		 $224,750,376
Options Written*~ (0.1)%
(premiums received $327,112) (304,615)
 
TOTAL INVESTMENTS, NET OF OPTIONS WRITTEN 99.3%
(cost $241,701,902) 		224,445,761
Other assets in excess of liabilities(z) 0.7% 1,579,949
 
Net Assets 100.0% $226,025,710
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
    
  BRL—Brazilian Real
  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
  PEN—Peruvian Nuevo Sol
  PHP—Philippine Peso
  PLN—Polish Zloty
  SGD—Singapore Dollar
  THB—Thai Baht
  TRY—Turkish Lira
  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.
  BNYM—Bank of New York Mellon
  BOA—Bank of America, N.A.
  BROIS—Brazil Overnight Index Swap
  BUBOR—Budapest Interbank Offered Rate
  CITI—Citibank, N.A.
  CLOIS—Sinacofi Chile Interbank Rate Average
  COOIS—Colombia Overnight Interbank Reference Rate
  DB—Deutsche Bank AG
26
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
  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
  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
  SSB—State Street Bank & Trust Company
  T—Swap payment upon termination
  TD—The Toronto-Dominion Bank
  THOR—Thai Overnight Repurchase Rate
  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. Options with maturity dates greater than one year from date of acquisition would be considered long-term investments.
(a) All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $3,048,990; cash collateral of $3,146,830 (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, 2024. 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 $134,870. The aggregate value of $137,765 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.
(wb) Represents an investment in a Fund affiliated with the Manager.
(z) Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments:
27
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Options Purchased:
OTC Traded
Description   Call/
Put 		  Counterparty   Expiration
Date 		  Strike Contracts   Notional
Amount
(000)# 		  Value
Currency Option EUR vs CZK   Call   MSI   02/08/24     26.00   —   EUR   562  $5
Currency Option EUR vs HUF   Call   MSI   02/22/24     430.00   —   EUR   279 18
Currency Option EUR vs ILS   Call   MSI   02/16/24     5.50   —   EUR   555 —
Currency Option EUR vs PLN   Call   CITI   02/01/24     4.80   —   EUR   1,027 —
Currency Option EUR vs PLN   Call   MSI   02/07/24     4.70   —   EUR   562 1
Currency Option EUR vs PLN   Call   CITI   02/28/24     4.70   —   EUR   1,027 62
Currency Option USD vs BRL   Call   DB   02/28/24     6.00   —       280 3
Currency Option USD vs CLP   Call   MSI   02/01/24     1,100.00   —       853 —
Currency Option USD vs CLP   Call   JPM   02/07/24     1,100.00   —       281 —
Currency Option USD vs CLP   Call   MSI   02/29/24     1,150.00   —       853 28
Currency Option USD vs CNH   Call   MSI   04/02/24     7.25   —       1,137 2,792
Currency Option USD vs COP   Call   MSI   02/07/24     4,800.00   —       1,124 —
Currency Option USD vs KRW   Call   CITI   02/01/24     1,450.00   —       569 —
Currency Option USD vs MXN   Call   MSI   02/01/24     17.10   —       1,137 4,936
Currency Option USD vs MXN   Call   BOA   02/01/24     19.80   —       1,137 —
Currency Option USD vs MXN   Call   MSI   02/01/24     19.80   —       569 —
Currency Option USD vs MXN   Call   DB   02/06/24     20.00   —       564 —
Currency Option USD vs MXN   Call   JPM   02/07/24     20.00   —       562 1
Currency Option USD vs MXN   Call   DB   02/14/24     21.00   —       558 2
Currency Option USD vs MXN   Call   MSI   02/21/24     20.00   —       1,137 76
Currency Option USD vs MXN   Call   MSI   02/22/24     20.00   —       569 41
Currency Option USD vs MXN   Call   MSI   02/22/24     20.50   —       562 22
28
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Options Purchased (continued):
OTC Traded
Description   Call/
Put 		  Counterparty   Expiration
Date 		  Strike Contracts   Notional
Amount
(000)# 		  Value
Currency Option USD vs ZAR   Call   JPM   02/14/24     21.00   —       558  $11
Currency Option USD vs ZAR   Call   MSI   02/28/24     22.00   —       569 22
Currency Option EUR vs HUF   Put   MSI   02/02/24     360.00   —   EUR   255 —
Currency Option EUR vs HUF   Put   DB   02/27/24     360.00   —   EUR   335 4
Currency Option USD vs BRL   Put   MSI   03/26/24     4.25   —       1,397 11
Currency Option USD vs CLP   Put   BARC   02/01/24     830.00   —       280 —
Currency Option USD vs CLP   Put   CITI   02/07/24     800.00   —       841 —
Currency Option USD vs CNH   Put   MSI   04/02/24     6.50   —       1,137 21
Currency Option USD vs COP   Put   MSI   02/01/24     3,400.00   —       510 —
Currency Option USD vs COP   Put   DB   02/06/24     3,400.00   —       560 —
Currency Option USD vs COP   Put   BARC   02/15/24     3,400.00   —       566 1
Currency Option USD vs COP   Put   MSI   03/07/24     3,200.00   —       944 5
Currency Option USD vs KRW   Put   JPM   02/21/24     1,200.00   —       840 5
Currency Option USD vs ZAR   Put   MSI   02/01/24     16.50   —       1,082 —
Currency Option USD vs ZAR   Put   GSI   02/08/24     16.30   —       562 —
Currency Option USD vs ZAR   Put   JPM   02/08/24     18.70   —       562 5,031
Currency Option USD vs ZAR   Put   JPM   02/14/24     16.50   —       562 —
Currency Option USD vs ZAR   Put   JPM   02/14/24     17.00   —       562 4
Currency Option USD vs ZAR   Put   JPM   02/22/24     16.75   —       560 9
Currency Option USD vs ZAR   Put   MSI   03/14/24     16.00   —       1,082 22
Total Options Purchased (cost $18,512)     $13,133
29
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Options Written:
OTC Traded
Description   Call/
Put 		  Counterparty   Expiration
Date 		  Strike Contracts   Notional
Amount
(000)# 		  Value
Currency Option EUR vs CZK   Call   MSI   02/08/24     24.60 —   EUR 562    $(6,094)
Currency Option EUR vs HUF   Call   MSI   02/22/24     390.00 —   EUR 279   (1,053)
Currency Option EUR vs ILS   Call   MSI   02/16/24     4.48 —   EUR 555   (10)
Currency Option EUR vs PLN   Call   MSI   02/07/24     4.35 —   EUR 562   (883)
Currency Option EUR vs PLN   Call   CITI   02/28/24     4.35 —   EUR 1,027   (5,390)
Currency Option USD vs BRL   Call   DB   02/28/24     5.00 —     280   (2,175)
Currency Option USD vs CLP   Call   JPM   02/07/24     900.00 —     281   (9,299)
Currency Option USD vs CLP   Call   MSI   02/29/24     910.00 —     853   (25,554)
Currency Option USD vs COP   Call   MSI   02/07/24     4,000.00 —     1,124   (1,855)
Currency Option USD vs KRW   Call   CITI   02/01/24     1,320.00 —     569   (4,117)
Currency Option USD vs MXN   Call   BOA   02/01/24     17.10 —     1,137   (4,936)
Currency Option USD vs MXN   Call   DB   02/06/24     17.00 —     564   (6,347)
Currency Option USD vs MXN   Call   JPM   02/07/24     16.95 —     562   (7,817)
Currency Option USD vs MXN   Call   DB   02/14/24     17.30 —     558   (3,353)
Currency Option USD vs MXN   Call   MSI   02/21/24     17.20 —     1,137   (11,730)
Currency Option USD vs MXN   Call   MSI   02/22/24     17.25 —     569   (5,435)
Currency Option USD vs MXN   Call   MSI   02/22/24     17.40 —     562   (3,781)
Currency Option USD vs ZAR   Call   JPM   02/14/24     19.00 —     558   (2,296)
Currency Option USD vs ZAR   Call   MSI   02/28/24     18.60 —     569   (9,476)
Currency Option EUR vs HUF   Put   DB   02/27/24     385.00 —   EUR 335   (2,848)
Currency Option USD vs BRL   Put   MSI   03/26/24     5.05 —     1,397   (39,344)
Currency Option USD vs CLP   Put   BARC   02/01/24     900.00 —     280   —
30
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Options Written (continued):
OTC Traded
Description   Call/
Put 		  Counterparty   Expiration
Date 		  Strike Contracts   Notional
Amount
(000)# 		  Value
Currency Option USD vs CLP   Put   CITI   02/07/24     910.00 —     841    $(1,061)
Currency Option USD vs CNH   Put   MSI   04/02/24     7.10 —     1,137   (4,667)
Currency Option USD vs COP   Put   DB   02/06/24     3,900.00 —     560   (4,839)
Currency Option USD vs COP   Put   BARC   02/15/24     3,900.00 —     566   (6,644)
Currency Option USD vs COP   Put   MSI   03/07/24     4,100.00 —     944   (49,513)
Currency Option USD vs KRW   Put   JPM   02/21/24     1,320.00 —     840   (4,893)
Currency Option USD vs ZAR   Put   GSI   02/08/24     18.70 —     562   (5,031)
Currency Option USD vs ZAR   Put   JPM   02/14/24     19.00 —     562   (12,422)
Currency Option USD vs ZAR   Put   JPM   02/14/24     19.00 —     562   (12,423)
Currency Option USD vs ZAR   Put   JPM   02/22/24     18.80 —     560   (9,229)
Currency Option USD vs ZAR   Put   MSI   03/14/24     19.25 —     1,082   (40,100)
Total Options Written (premiums received $327,112)     $(304,615)
Futures contracts outstanding at January 31, 2024:
Number
of
Contracts 		  Type   Expiration
Date 		  Current
Notional
Amount 		  Value /
Unrealized
Appreciation
(Depreciation)
Long Positions:
102   2 Year U.S. Treasury Notes   Mar. 2024    $20,976,938    $151,337
67   10 Year U.S. Treasury Notes   Mar. 2024   7,525,985   149,955
23   10 Year U.S. Ultra Treasury Notes   Mar. 2024   2,688,125   11,817
16   30 Year U.S. Ultra Treasury Bonds   Mar. 2024   2,067,500   (12,204)
                300,905
Short Positions:
42   5 Year Euro-Bobl   Mar. 2024   5,380,006   (49,675)
33   5 Year U.S. Treasury Notes   Mar. 2024   3,576,891   (12,950)
34   10 Year Euro-Bund   Mar. 2024   4,991,645   (107,249)
31
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Futures contracts outstanding at January 31, 2024 (continued):
Number
of
Contracts 		  Type   Expiration
Date 		  Current
Notional
Amount 		  Value /
Unrealized
Appreciation
(Depreciation)
Short Positions (cont’d):
6   20 Year U.S. Treasury Bonds   Mar. 2024    $734,063    $(8,446)
18   Euro Schatz Index   Mar. 2024   2,065,672   (2,673)
                (180,993)
                $119,912
Forward foreign currency exchange contracts outstanding at January 31, 2024:
Purchase
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts:
Brazilian Real,
Expiring 02/02/24   CITI   BRL 2,982    $604,000    $601,669    $—    $(2,331)
Expiring 02/02/24   CITI   BRL 2,073   420,621   418,335   —   (2,286)
Expiring 02/02/24   GSI   BRL 2,799   568,000   564,833   —   (3,167)
Expiring 02/02/24   HSBC   BRL 3,819   773,000   770,659   —   (2,341)
Expiring 02/02/24   SSB   BRL 2,988   604,000   603,040   —   (960)
Expiring 04/02/24   DB   BRL 14,749   2,978,680   2,958,814   —   (19,866)
Chilean Peso,
Expiring 03/20/24   MSI   CLP 771,928   863,213   827,113   —   (36,100)
Chinese Renminbi,
Expiring 04/24/24   HSBC   CNH 7,090   992,000   991,862   —   (138)
Colombian Peso,
Expiring 03/20/24   CITI   COP 3,576,760   887,203   910,274   23,071   —
Expiring 03/20/24   GSI   COP 4,683,655   1,147,673   1,191,976   44,303   —
Expiring 03/20/24   GSI   COP 4,646,483   1,146,332   1,182,516   36,184   —
Czech Koruna,
Expiring 04/19/24   MSI   CZK 1,814   79,570   78,846   —   (724)
Euro,
Expiring 02/06/24   CITI   EUR 855   925,023   923,688   —   (1,335)
Expiring 02/06/24   CITI   EUR 855   924,848   923,688   —   (1,160)
Expiring 04/19/24   JPM   EUR 1,083   1,179,683   1,173,838   —   (5,845)
Indian Rupee,
Expiring 03/20/24   CITI   INR 120,744   1,443,143   1,450,344   7,201   —
Expiring 03/20/24   HSBC   INR 82,031   985,000   985,330   330   —
Expiring 03/20/24   MSI   INR 139,532   1,676,000   1,676,018   18   —
Expiring 03/20/24   UAG   INR 120,744   1,443,138   1,450,344   7,206   —
Indonesian Rupiah,
Expiring 03/20/24   BOA   IDR 13,425,452   862,957   850,441   —   (12,516)
Expiring 03/20/24   HSBC   IDR 12,945,774   826,000   820,056   —   (5,944)
Expiring 03/20/24   HSBC   IDR 12,108,704   776,000   767,031   —   (8,969)
32
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2024 (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.):
Indonesian Rupiah (cont’d.),
Expiring 03/20/24   JPM   IDR 5,661,087    $363,000    $358,604    $—    $(4,396)
Expiring 03/20/24   SCB   IDR 12,257,285   788,000   776,443   —   (11,557)
Israeli Shekel,
Expiring 03/20/24   BOA   ILS 3,007   813,903   825,744   11,841   —
Expiring 03/20/24   CITI   ILS 2,640   713,000   724,984   11,984   —
Japanese Yen,
Expiring 04/19/24   BOA   JPY 104,656   733,165   719,929   —   (13,236)
Mexican Peso,
Expiring 03/20/24   HSBC   MXN 6,305   360,612   363,317   2,705   —
Expiring 03/20/24   JPM   MXN 10,265   595,000   591,468   —   (3,532)
Expiring 03/20/24   JPM   MXN 9,777   574,000   563,400   —   (10,600)
Expiring 03/20/24   TD   MXN 9,645   548,000   555,744   7,744   —
Peruvian Nuevo Sol,
Expiring 03/20/24   BNP   PEN 361   96,126   94,767   —   (1,359)
Expiring 03/20/24   CITI   PEN 909   238,000   238,531   531   —
Expiring 03/20/24   MSI   PEN 1,249   331,034   327,805   —   (3,229)
Philippine Peso,
Expiring 03/20/24   CITI   PHP 53,576   952,000   952,370   370   —
Expiring 03/20/24   CITI   PHP 50,178   899,000   891,965   —   (7,035)
Expiring 03/20/24   JPM   PHP 51,211   921,000   910,330   —   (10,670)
Expiring 03/20/24   MSI   PHP 85,007   1,515,000   1,511,089   —   (3,911)
Expiring 03/20/24   MSI   PHP 54,680   974,000   972,005   —   (1,995)
Expiring 03/20/24   SCB   PHP 61,366   1,098,000   1,090,858   —   (7,142)
Expiring 03/20/24   SCB   PHP 60,437   1,073,000   1,074,342   1,342   —
Expiring 03/20/24   SCB   PHP 49,680   886,000   883,111   —   (2,889)
Singapore Dollar,
Expiring 03/20/24   CITI   SGD 758   571,000   565,926   —   (5,074)
Expiring 03/20/24   CITI   SGD 753   569,000   562,478   —   (6,522)
Expiring 03/20/24   HSBC   SGD 2,435   1,842,000   1,819,144   —   (22,856)
South African Rand,
Expiring 03/20/24   CITI   ZAR 8,144   432,000   433,152   1,152   —
Expiring 03/20/24   HSBC   ZAR 35,171   1,863,274   1,870,740   7,466   —
Expiring 03/20/24   TD   ZAR 40,466   2,162,937   2,152,356   —   (10,581)
South Korean Won,
Expiring 03/20/24   CITI   KRW 734,888   560,000   552,194   —   (7,806)
Thai Baht,
Expiring 03/20/24   HSBC   THB 24,925   733,000   705,284   —   (27,716)
Expiring 03/20/24   HSBC   THB 24,689   712,000   698,611   —   (13,389)
Expiring 03/20/24   HSBC   THB 24,333   688,000   688,544   544   —
Expiring 03/20/24   MSI   THB 25,602   741,000   724,439   —   (16,561)
33
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2024 (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.):
Turkish Lira,
Expiring 03/20/24   BARC   TRY 10,225    $325,000    $320,960    $—    $(4,040)
Expiring 03/20/24   BARC   TRY 8,565   268,000   268,858   858   —
              $48,045,135   $47,910,207   164,850   (299,778)
    
Sale
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts:
Brazilian Real,
Expiring 02/02/24   DB   BRL 14,661    $2,978,749    $2,958,535    $20,214    $—
British Pound,
Expiring 04/19/24   HSBC   GBP 102   130,313   129,723   590   —
Chilean Peso,
Expiring 03/20/24   MSI   CLP 603,485   684,620   646,629   37,991   —
Chinese Renminbi,
Expiring 04/24/24   MSI   CNH 43,570   6,101,361   6,095,130   6,231   —
Colombian Peso,
Expiring 03/20/24   BARC   COP 2,651,574   666,000   674,818   —   (8,818)
Expiring 03/20/24   MSI   COP 7,901,208   1,952,000   2,010,833   —   (58,833)
Czech Koruna,
Expiring 04/19/24   BARC   CZK 7,300   317,643   317,237   406   —
Expiring 04/19/24   BARC   CZK 7,219   314,357   313,713   644   —
Expiring 04/19/24   BOA   CZK 16,503   722,000   717,167   4,833   —
Euro,
Expiring 02/06/24   CITI   EUR 2,534   2,749,033   2,739,630   9,403   —
Expiring 04/19/24   BOA   EUR 3,225   3,521,614   3,497,270   24,344   —
Expiring 04/19/24   CITI   EUR 259   283,000   280,990   2,010   —
Expiring 04/19/24   CITI   EUR 258   280,000   279,324   676   —
Expiring 04/19/24   CITI   EUR 255   281,000   276,351   4,649   —
Expiring 04/19/24   SSB   EUR 5,218   5,734,431   5,658,365   76,066   —
Expiring 04/19/24   TD   EUR 4,838   5,283,060   5,245,905   37,155   —
Hungarian Forint,
Expiring 04/19/24   BOA   HUF 391,744   1,114,111   1,095,409   18,702   —
Expiring 04/19/24   GSI   HUF 721,797   2,074,488   2,018,317   56,171   —
Expiring 04/19/24   UAG   HUF 183,413   511,000   512,865   —   (1,865)
Israeli Shekel,
Expiring 03/20/24   CITI   ILS 2,067   560,274   567,752   —   (7,478)
Expiring 03/20/24   DB   ILS 2,652   729,050   728,390   660   —
Expiring 03/20/24   DB   ILS 927   254,453   254,586   —   (133)
34
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2024 (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.):
Mexican Peso,
Expiring 03/20/24   CITI   MXN 17,815    $1,032,423    $1,026,573    $5,850    $—
New Taiwanese Dollar,
Expiring 03/20/24   CITI   TWD 25,493   830,000   819,855   10,145   —
Expiring 03/20/24   JPM   TWD 293,826   9,590,262   9,449,290   140,972   —
Expiring 03/20/24   SCB   TWD 39,434   1,288,000   1,268,177   19,823   —
Peruvian Nuevo Sol,
Expiring 03/20/24   BARC   PEN 3,290   879,115   863,707   15,408   —
Expiring 03/20/24   CITI   PEN 2,123   567,073   557,313   9,760   —
Expiring 03/20/24   SCB   PEN 2,964   780,525   778,321   2,204   —
Philippine Peso,
Expiring 03/20/24   CITI   PHP 36,403   656,106   647,111   8,995   —
Expiring 03/20/24   SCB   PHP 42,864   772,327   761,959   10,368   —
Expiring 03/20/24   SSB   PHP 54,389   972,235   966,822   5,413   —
Expiring 03/20/24   SSB   PHP 39,693   714,215   705,592   8,623   —
Polish Zloty,
Expiring 04/19/24   CITI   PLN 929   229,822   231,891   —   (2,069)
Expiring 04/19/24   GSI   PLN 2,127   525,178   530,700   —   (5,522)
Expiring 04/19/24   HSBC   PLN 6,332   1,569,666   1,579,680   —   (10,014)
Singapore Dollar,
Expiring 03/20/24   BNYM   SGD 2,433   1,819,987   1,817,412   2,575   —
Expiring 03/20/24   BOA   SGD 1,357   1,014,000   1,014,028   —   (28)
Expiring 03/20/24   BOA   SGD 1,346   1,018,000   1,005,654   12,346   —
Expiring 03/20/24   HSBC   SGD 1,337   1,007,000   999,218   7,782   —
Expiring 03/20/24   SSB   SGD 747   558,000   557,802   198   —
South Korean Won,
Expiring 03/20/24   BARC   KRW 2,297,499   1,751,917   1,726,339   25,578   —
Expiring 03/20/24   BOA   KRW 855,277   651,000   642,655   8,345   —
Expiring 03/20/24   UAG   KRW 915,981   686,000   688,267   —   (2,267)
Thai Baht,
Expiring 03/20/24   CITI   THB 22,931   656,000   648,867   7,133   —
Expiring 03/20/24   GSI   THB 19,585   560,000   554,198   5,802   —
Expiring 03/20/24   JPM   THB 28,750   815,000   813,513   1,487   —
Expiring 03/20/24   MSI   THB 17,026   479,017   481,779   —   (2,762)
              $68,665,425   $68,155,662   609,552   (99,789)
                      $774,402   $(399,567)
35
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2024:
Notional
Amount
(000)# 		  Termination
Date 		  Fixed
Rate 		  Floating
Rate 		  Value at
Trade Date 		  Value at
January 31,
2024 		  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements:
BRL 4,565   01/04/27   9.957%(T)   1 Day BROIS(2)(T)/ 0.044%    $—    $5,711    $5,711
BRL 2,676   01/04/27   10.000%(T)   1 Day BROIS(2)(T)/ 0.044%   —   (686)   (686)
BRL 5,686   01/04/27   10.196%(T)   1 Day BROIS(2)(T)/ 0.044%   —   13,768   13,768
BRL 10,979   01/04/27   10.750%(T)   1 Day BROIS(2)(T)/ 0.044%   —   59,729   59,729
BRL 342   01/04/27   11.120%(T)   1 Day BROIS(2)(T)/ 0.044%   2,092   2,221   129
BRL 7,258   01/04/27   12.640%(T)   1 Day BROIS(1)(T)/ 0.044%   (44,025)   (129,129)   (85,104)
BRL 3,272   01/02/29   10.373%(T)   1 Day BROIS(2)(T)/ 0.044%   —   9,720   9,720
BRL 2,968   01/02/29   10.375%(T)   1 Day BROIS(2)(T)/ 0.044%   —   8,830   8,830
BRL 1,592   01/02/29   11.420%(T)   1 Day BROIS(2)(T)/ 0.044%   —   21,637   21,637
CLP 1,509,030   12/20/25   5.960%(S)   1 Day CLOIS(1)(S)/ 7.250%   —   (34,689)   (34,689)
CLP 1,754,470   12/20/25   6.029%(S)   1 Day CLOIS(1)(S)/ 7.250%   —   (42,823)   (42,823)
CLP 615,850   03/20/29   4.775%(S)   1 Day CLOIS(1)(S)/ 7.250%   —   (12,323)   (12,323)
CLP 613,500   03/20/29   4.805%(S)   1 Day CLOIS(1)(S)/ 7.250%   —   (13,160)   (13,160)
CLP 644,260   03/20/29   4.853%(S)   1 Day CLOIS(1)(S)/ 7.250%   —   (15,289)   (15,289)
CNH 17,665   03/20/27   1.978%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   —   (1,096)   (1,096)
CNH 4,647   12/15/27   2.680%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   —   15,135   15,135
CNH 19,155   09/20/28   2.420%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   7,350   35,791   28,441
COP 5,238,410   12/20/25   9.702%(Q)   1 Day COOIS(1)(Q)/ 12.016%   34   (29,909)   (29,943)
COP 835,888   09/20/28   7.440%(Q)   1 Day COOIS(2)(Q)/ 12.016%   (1,824)   1,713   3,537
COP 1,282,370   12/20/28   7.743%(Q)   1 Day COOIS(2)(Q)/ 12.016%   —   7,180   7,180
36
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2024 (continued):
Notional
Amount
(000)# 		  Termination
Date 		  Fixed
Rate 		  Floating
Rate 		  Value at
Trade Date 		  Value at
January 31,
2024 		  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements (cont’d.):
COP 2,316,400   12/20/28   7.797%(Q)   1 Day COOIS(2)(Q)/ 12.016%    $—    $14,289    $14,289
COP 2,318,080   12/20/28   7.865%(Q)   1 Day COOIS(2)(Q)/ 12.016%   —   15,963   15,963
COP 6,175,080   03/20/29   7.070%(Q)   1 Day COOIS(2)(Q)/ 12.016%   (477)   10,910   11,387
CZK 19,526   06/21/25   5.919%(A)   6 Month PRIBOR(1)(S)/ 6.150%   147   (38,234)   (38,381)
CZK 30,001   03/20/26   3.930%(A)   6 Month PRIBOR(2)(S)/ 6.150%   —   1,514   1,514
CZK 29,580   03/20/26   4.495%(A)   6 Month PRIBOR(1)(S)/ 6.150%   —   (15,413)   (15,413)
CZK 7,500   09/20/33   4.225%(A)   6 Month PRIBOR(2)(S)/ 6.150%   —   13,748   13,748
CZK 7,214   12/20/33   4.290%(A)   6 Month PRIBOR(2)(S)/ 6.150%   —   17,434   17,434
HUF 317,176   03/20/26   6.195%(A)   6 Month BUBOR(1)(S)/ 8.760%   (5,615)   (5,429)   186
HUF 145,770   12/20/33   7.420%(A)   6 Month BUBOR(2)(S)/ 8.760%   —   43,034   43,034
KRW 400,000   09/21/27   3.639%(Q)   3 Month KWCDC(1)(Q)/ 3.680%   (3,603)   (4,324)   (721)
KRW 870,000   12/21/27   4.197%(Q)   3 Month KWCDC(2)(Q)/ 3.680%   29,318   23,990   (5,328)
KRW 600,000   03/15/28   2.965%(Q)   3 Month KWCDC(2)(Q)/ 3.680%   —   (4,655)   (4,655)
KRW 2,028,148   03/15/28   3.100%(Q)   3 Month KWCDC(1)(Q)/ 3.680%   56,772   7,483   (49,289)
KRW 2,489,746   12/20/28   3.830%(Q)   3 Month KWCDC(2)(Q)/ 3.680%   113   55,074   54,961
37
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2024 (continued):
Notional
Amount
(000)# 		  Termination
Date 		  Fixed
Rate 		  Floating
Rate 		  Value at
Trade Date 		  Value at
January 31,
2024 		  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements (cont’d.):
KRW 1,040,000   03/20/29   3.163%(Q)   3 Month KWCDC(2)(Q)/ 3.680%    $—    $(4)    $(4)
MXN 13,205   12/15/27   8.950%(M)   28 Day Mexican Interbank Rate(2)(M)/ 11.501%   5,613   1,031   (4,582)
MXN 3,279   03/08/28   8.475%(M)   28 Day Mexican Interbank Rate(1)(M)/ 11.501%   6,047   2,549   (3,498)
MXN 13,610   09/13/28   8.658%(M)   28 Day Mexican Interbank Rate(2)(M)/ 11.501%   (8,233)   (3,921)   4,312
MXN 2,597   12/13/28   8.570%(M)   28 Day Mexican Interbank Rate(2)(M)/ 11.501%   (1,821)   (1,032)   789
MXN 11,660   03/14/29   8.447%(M)   28 Day Mexican Interbank Rate(2)(M)/ 11.501%   —   (3,964)   (3,964)
MXN 10,570   03/14/29   8.455%(M)   28 Day Mexican Interbank Rate(2)(M)/ 11.501%   —   (3,385)   (3,385)
MXN 18,750   03/14/29   8.463%(M)   28 Day Mexican Interbank Rate(2)(M)/ 11.501%   —   (5,677)   (5,677)
MXN 9,340   03/14/29   8.484%(M)   28 Day Mexican Interbank Rate(2)(M)/ 11.501%   —   (2,372)   (2,372)
MXN 11,450   03/08/34   8.615%(M)   28 Day Mexican Interbank Rate(2)(M)/ 11.501%   —   1,457   1,457
PLN 6,830   06/21/25   6.021%(A)   6 Month WIBOR(1)(S)/ 5.850%   4,201   (65,815)   (70,016)
38
PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2024 (continued):
Notional
Amount
(000)# 		  Termination
Date 		  Fixed
Rate 		  Floating
Rate 		  Value at
Trade Date 		  Value at
January 31,
2024 		  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements (cont’d.):
PLN 1,204   06/15/27   4.970%(A)   6 Month WIBOR(2)(S)/ 5.850%    $(11,987)    $9,948    $21,935
PLN 2,826   09/21/27   5.487%(A)   6 Month WIBOR(1)(S)/ 5.850%   —   (19,521)   (19,521)
PLN 5,393   09/21/27   6.547%(A)   6 Month WIBOR(1)(S)/ 5.850%   1,194   (88,695)   (89,889)
PLN 1,175   10/06/27   6.826%(A)   6 Month WIBOR(2)(S)/ 5.850%   —   22,523   22,523
PLN 460   10/25/27   7.900%(A)   6 Month WIBOR(2)(S)/ 5.850%   —   13,344   13,344
PLN 18   12/21/27   6.845%(A)   6 Month WIBOR(2)(S)/ 5.850%   212   356   144
PLN 15,700   12/20/28   4.087%(A)   6 Month WIBOR(2)(S)/ 5.850%   (93,464)   (79,953)   13,511
PLN 2,732   03/20/29   4.535%(A)   6 Month WIBOR(2)(S)/ 5.850%   —   1,892   1,892
THB 31,220   03/20/29   2.212%(Q)   1 Day THOR(2)(Q)/ 2.483%   —   (3,366)   (3,366)
ZAR 52,851   09/21/27   7.490%(Q)   3 Month JIBAR(1)(Q)/ 8.392%   49,954   27,118   (22,836)
ZAR 26,104   09/21/27   7.995%(Q)   3 Month JIBAR(2)(Q)/ 8.392%   (3,731)   9,483   13,214
ZAR 10,122   12/21/27   8.860%(Q)   3 Month JIBAR(1)(Q)/ 8.392%   (2,875)   (19,313)   (16,438)
ZAR 14,361   03/15/28   7.766%(Q)   3 Month JIBAR(2)(Q)/ 8.392%   (37,812)   (2,676)   35,136
ZAR 17,762   06/21/28   8.455%(Q)   3 Month JIBAR(1)(Q)/ 8.392%   (1,774)   (19,455)   (17,681)
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PGIM Emerging Markets Debt Hard Currency Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2024 (continued):
Notional
Amount
(000)# 		  Termination
Date 		  Fixed
Rate 		  Floating
Rate 		  Value at
Trade Date 		  Value at
January 31,
2024 		  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements (cont’d.):
ZAR 15,630   09/20/28   8.415%(Q)   3 Month JIBAR(2)(Q)/ 8.392%    $—    $14,759    $14,759
ZAR 11,504   09/20/28   8.623%(Q)   3 Month JIBAR(1)(Q)/ 8.392%   —   (15,916)   (15,916)
ZAR 17,881   12/20/28   8.897%(Q)   3 Month JIBAR(1)(Q)/ 8.392%   (20,733)   (34,327)   (13,594)
ZAR 3,548   12/20/28   9.085%(Q)   3 Month JIBAR(1)(Q)/ 8.392%   —   (8,283)   (8,283)
ZAR 16,410   03/20/29   8.160%(Q)   3 Month JIBAR(1)(Q)/ 8.392%   —   (3,281)   (3,281)
ZAR 5,396   11/10/32   9.160%(Q)   3 Month JIBAR(2)(Q)/ 8.392%   (17)   3,999   4,016
                    $(74,944)   $(234,782)   $(159,838)
    
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 4,300   06/21/28   3.598%(Q)   3 Month KLIBOR(2)(Q)/ 3.570%    $2,169    $—    $2,169   GSI
    
(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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