NPORT-EX 2 PIPDAD0PRU043023.htm
PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Long-Term Investments 100.1%
Asset-Backed Securities 21.1%
Automobiles 5.3%
Americredit Automobile Receivables Trust,
Series 2023-01, Class C
5.800 % 12/18/28   2,100  $2,124,868
AmeriCredit Automobile Receivables Trust,          
Series 2019-01, Class C 3.360 02/18/25   74 73,442
Series 2019-02, Class C 2.740 04/18/25   341 338,808
Series 2019-03, Class C 2.320 07/18/25   1,231 1,215,672
Series 2020-01, Class B 1.480 01/21/25   172 171,522
Series 2021-02, Class C 1.010 01/19/27   1,300 1,192,691
Series 2021-03, Class C 1.410 08/18/27   1,400 1,278,507
Avis Budget Rental Car Funding AESOP LLC,          
Series 2018-01A, Class A, 144A 3.700 09/20/24   917 912,779
Series 2018-02A, Class A, 144A 4.000 03/20/25   500 494,154
Series 2019-02A, Class A, 144A 3.350 09/22/25   1,100 1,070,296
Series 2019-03A, Class A, 144A 2.360 03/20/26   1,700 1,613,329
Series 2020-01A, Class A, 144A 2.330 08/20/26   1,200 1,127,202
Series 2021-01A, Class A, 144A 1.380 08/20/27   3,500 3,129,538
Series 2021-02A, Class A, 144A 1.660 02/20/28   3,800 3,372,077
Series 2022-01A, Class A, 144A 3.830 08/21/28   4,800 4,578,482
Series 2023-02A, Class A, 144A 5.200 10/20/27   2,000 2,004,982
CarMax Auto Owner Trust,          
Series 2021-02, Class C 1.340 02/16/27   1,100 1,019,278
Series 2021-04, Class C 1.380 07/15/27   800 726,933
Series 2022-01, Class C 2.200 11/15/27   1,300 1,204,844
Series 2022-01, Class D 2.470 07/17/28   600 548,804
Ford Credit Auto Owner Trust,          
Series 2018-01, Class A, 144A 3.190 07/15/31   1,300 1,260,761
Series 2019-01, Class A, 144A 3.520 07/15/30   600 591,429
Series 2020-01, Class A, 144A 2.040 08/15/31   3,300 3,131,498
Series 2020-02, Class A, 144A 1.060 04/15/33   1,100 1,004,801
Series 2021-01, Class B, 144A 1.610 10/17/33   630 568,773
Series 2021-02, Class B, 144A 1.910 05/15/34   600 538,654
Series 2023-01, Class A, 144A 4.850 08/15/35   4,200 4,240,171
     
 
Ford Credit Floorplan Master Owner Trust,
Series 2020-02, Class A
1.060 09/15/27   2,800 2,569,708
GLS Auto Receivables Issuer Trust,
Series 2021-04A, Class B, 144A
1.530 04/15/26   1,700 1,647,969
GM Financial Revolving Receivables Trust,
Series 2021-01, Class B, 144A
1.490 06/12/34   200 174,399
Hertz Vehicle Financing III LLC,
Series 2023-01A, Class A, 144A
5.490 06/25/27   3,800 3,840,361
1

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Asset-Backed Securities (Continued)
Automobiles (cont’d.)
     
Hertz Vehicle Financing III LP,
Series 2021-02A, Class A, 144A
1.680 % 12/27/27   1,900  $1,689,286
Hertz Vehicle Financing LLC,          
Series 2021-01A, Class A, 144A 1.210 12/26/25   2,200 2,062,506
Series 2022-02A, Class A, 144A 2.330 06/26/28   5,500 4,925,434
OneMain Direct Auto Receivables Trust,          
Series 2019-01A, Class A, 144A 3.630 09/14/27   4,100 3,970,330
Series 2021-01A, Class B, 144A 1.260 07/14/28   2,700 2,431,112
Series 2023-01A, Class A, 144A 5.410 11/14/29   4,800 4,825,833
Santander Drive Auto Receivables Trust,          
Series 2020-03, Class C 1.120 01/15/26   264 263,125
Series 2020-04, Class C 1.010 01/15/26   407 404,225
Series 2021-02, Class C 0.900 06/15/26   870 854,528
Series 2021-02, Class D 1.350 07/15/27   2,300 2,181,031
Series 2021-03, Class C 0.950 09/15/27   2,000 1,950,919
Series 2021-04, Class C 1.260 02/16/27   2,800 2,680,424
Series 2022-01, Class C 2.560 04/17/28   1,800 1,727,933
Series 2023-01, Class C 5.090 05/15/30   800 796,271
     
 
Toyota Auto Loan Extended Note Trust,
Series 2020-01A, Class A, 144A
1.350 05/25/33   1,000 932,868
World Omni Select Auto Trust,          
Series 2019-A, Class B 2.170 12/15/25   86 85,421
Series 2019-A, Class C 2.380 12/15/25   300 296,920
Series 2021-A, Class C 1.090 11/15/27   600 549,975
          80,394,873
Collateralized Loan Obligations 14.2%
AIG CLO Ltd. (Cayman Islands),
Series 2019-02A, Class AR, 144A, 3 Month LIBOR + 1.100% (Cap N/A, Floor 1.100%)
6.355(c) 10/25/33   11,000 10,861,046
Allegro CLO Ltd. (Cayman Islands),
Series 2019-02A, Class A1A, 144A, 3 Month LIBOR + 1.390% (Cap N/A, Floor 1.390%)
6.655(c) 01/19/33   5,000 4,933,439
Anchorage Capital CLO Ltd. (Cayman Islands),
Series 2021-17A, Class A1, 144A, 3 Month LIBOR + 1.170% (Cap N/A, Floor 1.170%)
6.430(c) 07/15/34   6,500 6,327,822
Apidos CLO Ltd. (Jersey),
Series 2023-44A, Class A1, 144A, 3 Month SOFR + 2.000% (Cap N/A, Floor 2.000%)
7.057(c) 04/26/35   7,500 7,499,333
2

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Asset-Backed Securities (Continued)
Collateralized Loan Obligations (cont’d.)
Apres Static CLO Ltd. (Cayman Islands),
Series 2019-01A, Class A1R, 144A, 3 Month LIBOR + 1.070% (Cap N/A, Floor 0.000%)
6.330 %(c) 10/15/28   1,567  $1,558,962
Bain Capital Credit CLO Ltd. (Cayman Islands),
Series 2019-03A, Class AR, 144A, 3 Month LIBOR + 1.160% (Cap N/A, Floor 1.160%)
6.421(c) 10/21/34   6,500 6,350,898
Balboa Bay Loan Funding Ltd. (Cayman Islands),          
Series 2020-01A, Class AR, 144A, 3 Month LIBOR + 1.120% (Cap N/A, Floor 1.120%) 6.370(c) 01/20/32   5,000 4,926,272
Series 2021-01A, Class A, 144A, 3 Month LIBOR + 1.200% (Cap N/A, Floor 1.200%) 6.450(c) 07/20/34   3,100 3,034,285
     
 
Barings Loan Partners CLO Ltd. (Cayman Islands),
Series LP-02A, Class A, 144A, 3 Month LIBOR + 1.100% (Cap N/A, Floor 1.100%)
6.350(c) 01/20/34   11,750 11,592,943
Battalion CLO Ltd. (Cayman Islands),          
Series 2015-08A, Class A1R2, 144A, 3 Month LIBOR + 1.070% (Cap N/A, Floor 1.070%) 6.332(c) 07/18/30   937 926,096
Series 2016-10A, Class A1R2, 144A, 3 Month LIBOR + 1.170% (Cap N/A, Floor 1.170%) 6.443(c) 01/25/35   400 390,941
Series 2017-11A, Class AR, 144A, 3 Month LIBOR + 1.150% (Cap N/A, Floor 1.150%) 6.423(c) 04/24/34   5,500 5,373,639
Series 2019-16A, Class AR, 144A, 3 Month LIBOR + 1.120% (Cap N/A, Floor 1.120%) 6.370(c) 12/19/32   3,250 3,191,868
     
 
Carlyle Global Market Strategies CLO Ltd. (Cayman Islands),
Series 2015-05A, Class A1RR, 144A, 3 Month LIBOR + 1.080% (Cap N/A, Floor 1.080%)
6.330(c) 01/20/32   10,224 10,085,137
Carlyle US CLO Ltd. (Cayman Islands),          
Series 2018-01A, Class A1, 144A, 3 Month LIBOR + 1.020% (Cap N/A, Floor 0.000%) 6.270(c) 04/20/31   1,000 989,215
Series 2021-05A, Class A1, 144A, 3 Month LIBOR + 1.120% (Cap N/A, Floor 1.120%) 6.370(c) 07/20/34   7,000 6,853,223
     
 
CBAM Ltd. (Cayman Islands),
Series 2020-12A, Class AR, 144A, 3 Month LIBOR + 1.180% (Cap N/A, Floor 1.180%)
6.430(c) 07/20/34   8,500 8,335,298
CIFC Funding Ltd. (Cayman Islands),          
Series 2014-05A, Class A1R2, 144A, 3 Month LIBOR + 1.200% (Cap N/A, Floor 1.200%) 6.460(c) 10/17/31   1,000 992,167
Series 2021-05A, Class A, 144A, 3 Month LIBOR + 1.140% (Cap N/A, Floor 1.140%) 6.400(c) 07/15/34   2,000 1,961,409
     
 
3

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Asset-Backed Securities (Continued)
Collateralized Loan Obligations (cont’d.)
     
Crown Point CLO Ltd. (Cayman Islands),
Series 2021-11A, Class A, 144A, 3 Month LIBOR + 1.120% (Cap N/A, Floor 1.120%)
6.380 %(c) 01/17/34   5,500  $5,382,122
Elevation CLO Ltd. (Cayman Islands),          
Series 2017-06A, Class A1, 144A, 3 Month LIBOR + 1.280% (Cap N/A, Floor 1.280%) 6.540(c) 07/15/29   155 153,513
Series 2021-13A, Class A1, 144A, 3 Month LIBOR + 1.190% (Cap N/A, Floor 1.190%) 6.450(c) 07/15/34   3,500 3,416,211
     
 
Elmwood CLO Ltd. (Cayman Islands),
Series 2019-02A, Class AR, 144A, 3 Month LIBOR + 1.150% (Cap N/A, Floor 1.150%)
6.400(c) 04/20/34   7,000 6,873,054
Generate CLO Ltd. (Cayman Islands),
Series 02A, Class AR, 144A, 3 Month LIBOR + 1.150% (Cap N/A, Floor 1.150%)
6.423(c) 01/22/31   497 491,655
Greywolf CLO Ltd. (Cayman Islands),
Series 2018-01A, Class A1, 144A, 3 Month SOFR + 1.290% (Cap N/A, Floor 0.000%)
6.358(c) 04/26/31   1,000 989,710
HPS Loan Management Ltd. (Cayman Islands),          
Series 10A-16, Class A1RR, 144A, 3 Month LIBOR + 1.140% (Cap N/A, Floor 1.140%) 6.390(c) 04/20/34   4,125 4,040,649
Series 2015-06A, Class A1R, 144A, 3 Month LIBOR + 1.000% (Cap N/A, Floor 0.000%) 5.806(c) 02/05/31   248 246,474
ICG US CLO Ltd. (Cayman Islands),          
Series 2015-02RA, Class A1, 144A, 3 Month LIBOR + 1.370% (Cap N/A, Floor 1.370%) 6.630(c) 01/16/33   1,400 1,380,950
Series 2020-01A, Class AR, 144A, 3 Month LIBOR + 1.200% (Cap N/A, Floor 1.200%) 6.450(c) 01/20/35   9,000 8,810,222
     
 
KKR CLO Ltd. (Cayman Islands),
Series 11, Class AR, 144A, 3 Month LIBOR + 1.180% (Cap N/A, Floor 1.180%)
6.440(c) 01/15/31   484 478,847
Logan CLO Ltd. (Cayman Islands),
Series 2021-01A, Class A, 144A, 3 Month LIBOR + 1.160% (Cap N/A, Floor 1.160%)
6.410(c) 07/20/34   5,250 5,155,756
Madison Park Funding Ltd. (Cayman Islands),          
Series 12A, Class AR, 144A, 3 Month LIBOR + 0.830% (Cap N/A, Floor 0.000%) 6.103(c) 04/22/27   1,637 1,622,509
Series 2015-18A, Class ARR, 144A, 3 Month LIBOR + 0.940% (Cap N/A, Floor 0.940%) 6.201(c) 10/21/30   11,401 11,264,323
MidOcean Credit CLO (Cayman Islands),          
Series 2014-03A, Class A1R, 144A, 3 Month LIBOR + 1.120% (Cap N/A, Floor 1.120%) 6.381(c) 04/21/31   988 977,629
4

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Asset-Backed Securities (Continued)
Collateralized Loan Obligations (cont’d.)
MidOcean Credit CLO (Cayman Islands), (cont’d.)          
Series 2016-05A, Class AR, 144A, 3 Month LIBOR + 1.120% (Cap N/A, Floor 0.000%) 6.385 %(c) 07/19/28   77  $77,166
Series 2018-09A, Class A1, 144A, 3 Month LIBOR + 1.150% (Cap N/A, Floor 1.150%) 6.400(c) 07/20/31   1,250 1,233,840
     
 
Mountain View CLO Ltd. (Cayman Islands),
Series 2015-09A, Class A1R, 144A, 3 Month LIBOR + 1.120% (Cap N/A, Floor 0.000%)
6.380(c) 07/15/31   2,000 1,975,955
Northwoods Capital Ltd. (Cayman Islands),          
Series 2017-15A, Class A1R, 144A, 3 Month LIBOR + 1.210% (Cap N/A, Floor 1.210%) 6.173(c) 06/20/34   9,750 9,452,774
Series 2019-20A, Class A1R, 144A, 3 Month LIBOR + 1.330% (Cap N/A, Floor 1.330%) 6.585(c) 01/25/32   2,500 2,467,809
     
 
Ocean Trails CLO (Cayman Islands),
Series 2014-05A, Class ARR, 144A, 3 Month LIBOR + 1.280% (Cap N/A, Floor 1.280%)
6.522(c) 10/13/31   8,355 8,274,163
OCP CLO Ltd. (Cayman Islands),
Series 2015-09A, Class A1R2, 144A, 3 Month SOFR + 1.250% (Cap N/A, Floor 1.250%)
6.236(c) 01/15/33   3,500 3,434,775
Octagon Investment Partners 31 Ltd. (Cayman Islands),
Series 2017-01A, Class AR, 144A, 3 Month LIBOR + 1.050% (Cap N/A, Floor 1.050%)
6.300(c) 07/20/30   3,609 3,576,478
OZLM Funding Ltd. (Cayman Islands),
Series 2013-04A, Class A1R, 144A, 3 Month LIBOR + 1.250% (Cap N/A, Floor 0.000%)
6.523(c) 10/22/30   807 800,854
OZLM Ltd. (Cayman Islands),
Series 2015-11A, Class A1R, 144A, 3 Month LIBOR + 1.250% (Cap N/A, Floor 0.000%)
6.549(c) 10/30/30   461 457,974
Palmer Square CLO Ltd. (Cayman Islands),          
Series 2014-01A, Class A1R2, 144A, 3 Month LIBOR + 1.130% (Cap N/A, Floor 1.130%) 6.390(c) 01/17/31   897 889,958
Series 2015-01A, Class A1A4, 144A, 3 Month LIBOR + 1.130% (Cap N/A, Floor 1.130%) 6.045(c) 05/21/34   7,000 6,875,311
     
 
Regatta Funding Ltd. (Cayman Islands),
Series 2016-01A, Class A1R2, 144A, 3 Month LIBOR + 1.150% (Cap N/A, Floor 1.150%)
6.113(c) 06/20/34   6,500 6,375,251
Romark CLO Ltd. (Cayman Islands),
Series 2018-02A, Class A1, 144A, 3 Month LIBOR + 1.175% (Cap N/A, Floor 1.175%)
6.430(c) 07/25/31   250 247,075
Romark WM-R Ltd. (Cayman Islands),
Series 2018-01A, Class A1, 144A, 3 Month LIBOR + 1.030% (Cap N/A, Floor 0.000%)
6.280(c) 04/20/31   990 978,672
5

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Asset-Backed Securities (Continued)
Collateralized Loan Obligations (cont’d.)
     
Sixth Street CLO Ltd. (Cayman Islands),
Series 2020-16A, Class A1A, 144A, 3 Month LIBOR + 1.320% (Cap N/A, Floor 1.320%)
6.570 %(c) 10/20/32   5,000  $4,962,453
Sound Point CLO Ltd. (Cayman Islands),          
Series 2013-01A, Class A1R, 144A, 3 Month LIBOR + 1.070% (Cap N/A, Floor 1.070%) 6.338(c) 01/26/31   1,000 988,872
Series 2019-01A, Class AR, 144A, 3 Month LIBOR + 1.080% (Cap N/A, Floor 1.080%) 6.330(c) 01/20/32   1,300 1,282,579
     
 
Symphony CLO Ltd. (Cayman Islands),
Series 2016-18A, Class A1RR, 144A, 3 Month LIBOR + 1.100% (Cap N/A, Floor 1.100%)
6.373(c) 07/23/33   4,250 4,190,743
Telos CLO Ltd. (Cayman Islands),
Series 2013-04A, Class AR, 144A, 3 Month LIBOR + 1.240% (Cap N/A, Floor 0.000%)
6.500(c) 01/17/30   739 732,258
TICP CLO Ltd. (Cayman Islands),
Series 2017-09A, Class A, 144A, 3 Month LIBOR + 1.140% (Cap N/A, Floor 1.140%)
6.390(c) 01/20/31   963 954,425
Trimaran Cavu Ltd.,
Series 2019-01A, Class A1, 144A, 3 Month LIBOR + 1.460% (Cap N/A, Floor 1.460%)
6.710(c) 07/20/32   1,250 1,239,037
Voya CLO Ltd. (Cayman Islands),          
Series 2013-01A, Class A1AR, 144A, 3 Month LIBOR + 1.210% (Cap N/A, Floor 0.000%) 6.470(c) 10/15/30   686 683,321
Series 2015-01A, Class A1R, 144A, 3 Month LIBOR + 0.900% (Cap N/A, Floor 0.900%) 6.162(c) 01/18/29   480 475,678
Series 2016-01A, Class A1R, 144A, 3 Month SOFR + 1.332% (Cap N/A, Floor 1.070%) 6.380(c) 01/20/31   982 976,794
     
 
Wellfleet CLO Ltd. (Cayman Islands),
Series 2018-01A, Class A, 144A, 3 Month LIBOR + 1.100% (Cap N/A, Floor 1.100%)
6.360(c) 07/17/31   2,500 2,467,221
Zais CLO Ltd. (Cayman Islands),
Series 2017-02A, Class A, 144A, 3 Month LIBOR + 1.290% (Cap N/A, Floor 0.000%)
6.550(c) 04/15/30   178 175,468
          213,714,521
Consumer Loans 0.7%
Lendmark Funding Trust,
Series 2019-02A, Class A, 144A
2.780 04/20/28   1,721 1,684,199
OneMain Financial Issuance Trust,          
Series 2020-01A, Class A, 144A 3.840 05/14/32   250 248,457
Series 2020-02A, Class A, 144A 1.750 09/14/35   2,600 2,342,965
6

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Asset-Backed Securities (Continued)
Consumer Loans (cont’d.)
OneMain Financial Issuance Trust, (cont’d.)          
Series 2021-01A, Class A2, 144A, 30 Day Average SOFR + 0.760% (Cap N/A, Floor 0.000%) 5.502 %(c) 06/16/36   2,800  $2,705,057
Series 2022-02A, Class A, 144A 4.890 10/14/34   2,360 2,334,522
     
 
Oportun Issuance Trust,
Series 2022-02, Class A, 144A
5.940 10/09/29   1,272 1,265,343
          10,580,543
Credit Cards 0.1%
Citibank Credit Card Issuance Trust,
Series 2018-A07, Class A7
3.960 10/13/30   2,100 2,056,587
Equipment 0.2%
MMAF Equipment Finance LLC,          
Series 2017-B, Class A5, 144A 2.720 06/15/40   657 636,840
Series 2018-A, Class A5, 144A 3.610 03/10/42   41 41,086
Series 2019-A, Class A5, 144A 3.080 11/12/41   800 777,641
Series 2019-B, Class A5, 144A 2.290 11/12/41   1,200 1,121,137
          2,576,704
Home Equity Loans 0.0%
Option One Mortgage Loan Trust,
Series 2005-03, Class M2, 1 Month LIBOR + 0.735% (Cap N/A, Floor 0.735%)
5.755(c) 08/25/35   62 61,735
Towd Point HE Trust,
Series 2023-01, Class A1A, 144A
6.875 02/25/63   497 506,530
          568,265
Manufactured Housing 0.0%
Towd Point Mortgage Trust,
Series 2019-MH01, Class A1, 144A
3.000(cc) 11/25/58   189 186,039
Other 0.1%
Home Partners of America Trust,
Series 2021-03, Class A, 144A
2.200 01/17/41   1,754 1,538,101
Student Loans 0.5%
Commonbond Student Loan Trust,          
Series 2017-BGS, Class A1, 144A 2.680 09/25/42   184 167,917
7

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Asset-Backed Securities (Continued)
Student Loans (cont’d.)
Commonbond Student Loan Trust, (cont’d.)          
Series 2018-AGS, Class A1, 144A 3.210 % 02/25/44   140  $131,145
Series 2020-AGS, Class A, 144A 1.980 08/25/50   634 545,748
     
 
ELFI Graduate Loan Program LLC,
Series 2020-A, Class A, 144A
1.730 08/25/45   1,055 919,999
Laurel Road Prime Student Loan Trust,          
Series 2017-C, Class A2B, 144A 2.810 11/25/42   24 23,183
Series 2018-B, Class A2FX, 144A 3.540 05/26/43   49 47,788
Series 2019-A, Class A2FX, 144A 2.730 10/25/48   81 78,837
Navient Private Education Refi Loan Trust,          
Series 2018-A, Class A2, 144A 3.190 02/18/42   34 34,100
Series 2018-CA, Class A2, 144A 3.520 06/16/42   64 63,169
Series 2019-CA, Class A2, 144A 3.130 02/15/68   288 274,452
Series 2020-BA, Class A2, 144A 2.120 01/15/69   551 507,022
Series 2020-DA, Class A, 144A 1.690 05/15/69   424 386,816
     
 
Pennsylvania Higher Education Assistance Agency,
Series 2021-01A, Class A, 144A, 1 Month LIBOR + 0.530% (Cap N/A, Floor 0.530%)
5.550(c) 05/25/70   1,755 1,688,544
SoFi Professional Loan Program LLC,          
Series 2017-F, Class A2FX, 144A 2.840 01/25/41   275 265,094
Series 2019-A, Class A2FX, 144A 3.690 06/15/48   424 409,563
Series 2019-C, Class A2FX, 144A 2.370 11/16/48   512 477,615
SoFi Professional Loan Program Trust,          
Series 2018-B, Class A2FX, 144A 3.340 08/25/47   214 207,232
Series 2020-A, Class A2FX, 144A 2.540 05/15/46   941 877,775
Series 2020-C, Class AFX, 144A 1.950 02/15/46   489 441,811
          7,547,810
     
 
Total Asset-Backed Securities
(cost $327,895,941)
319,163,443
Commercial Mortgage-Backed Securities 12.5%
Arbor Multifamily Mortgage Securities Trust,          
Series 2020-MF01, Class A4, 144A 2.495 05/15/53   5,500 4,721,563
Series 2021-MF02, Class A4, 144A 2.252 06/15/54   8,900 7,307,576
     
 
Assurant Commercial Mortgage Trust,
Series 2016-01A, Class AS, 144A
3.172 05/15/49   279 268,133
BANK,          
Series 2019-BN20, Class A2 2.758 09/15/62   5,712 5,032,647
Series 2019-BN23, Class A2 2.669 12/15/52   2,200 1,925,584
Series 2020-BN25, Class A4 2.399 01/15/63   3,800 3,265,326
Series 2020-BN26, Class A3 2.155 03/15/63   5,000 4,215,174
8

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Commercial Mortgage-Backed Securities (Continued)
BANK, (cont’d.)          
Series 2020-BN27, Class A4 1.901 % 04/15/63   4,700  $3,841,288
Series 2020-BN29, Class A3 1.742 11/15/53   2,600 2,072,689
Series 2021-BN32, Class A4 2.349 04/15/54   9,000 7,624,107
Series 2021-BN34, Class A4 2.156 06/15/63   7,000 5,720,593
Series 2021-BN38, Class A4 2.275 12/15/64   5,700 4,687,796
Barclays Commercial Mortgage Securities Trust,          
Series 2016-ETC, Class A, 144A 2.937 08/14/36   500 438,006
Series 2018-TALL, Class A, 144A, 1 Month LIBOR + 0.872% (Cap N/A, Floor 0.872%) 5.820(c) 03/15/37   6,000 5,357,915
Series 2020-C07, Class A4 1.786 04/15/53   5,700 4,699,971
Series 2021-C10, Class ASB 2.268 07/15/54   5,275 4,633,367
Benchmark Mortgage Trust,          
Series 2018-B01, Class A4 3.402 01/15/51   864 821,503
Series 2018-B03, Class A4 3.761 04/10/51   1,150 1,082,320
Series 2019-B10, Class A3 3.455 03/15/62   2,500 2,299,958
Series 2020-B17, Class A4 2.042 03/15/53   1,800 1,489,506
Series 2020-B21, Class A4 1.704 12/17/53   2,600 2,096,252
Series 2020-IG03, Class A2, 144A 2.475 09/15/48   5,500 5,206,198
Series 2021-B24, Class A3 2.010 03/15/54   2,600 2,246,304
Series 2021-B31, Class A4 2.420 12/15/54   6,400 5,297,563
Series 2023-B38, Class A2 5.626 04/15/56   6,000 6,024,758
     
 
Cantor Commercial Real Estate Lending,
Series 2019-CF03, Class A3
2.752 01/15/53   2,900 2,531,370
CD Mortgage Trust,          
Series 2016-CD01, Class A3 2.459 08/10/49   434 402,020
Series 2019-CD08, Class A3 2.657 08/15/57   2,700 2,340,570
     
 
CF Mortgage Trust,
Series 2020-P01, Class A1, 144A
2.840(cc) 04/15/25   2,845 2,729,705
CFCRE Commercial Mortgage Trust,
Series 2016-C07, Class A2
3.585 12/10/54   1,822 1,712,270
Citigroup Commercial Mortgage Trust,          
Series 2015-GC27, Class A4 2.878 02/10/48   1,162 1,116,979
Series 2016-C03, Class A3 2.896 11/15/49   883 820,006
Series 2016-P03, Class A3 3.063 04/15/49   4,535 4,307,660
Series 2017-P08, Class A3 3.203 09/15/50   1,700 1,577,341
Series 2019-C07, Class A3 2.860 12/15/72   1,120 984,789
Series 2019-GC41, Class A4 2.620 08/10/56   3,000 2,624,358
Commercial Mortgage Trust,          
Series 2015-DC01, Class A5 3.350 02/10/48   1,510 1,447,376
Series 2015-PC01, Class A4 3.620 07/10/50   1,359 1,317,602
Series 2016-COR01, Class A3 2.826 10/10/49   792 737,733
CSAIL Commercial Mortgage Trust,          
Series 2017-C08, Class A3 3.127 06/15/50   1,144 1,043,766
9

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Commercial Mortgage-Backed Securities (Continued)
CSAIL Commercial Mortgage Trust, (cont’d.)          
Series 2021-C20, Class A2 2.486 % 03/15/54   5,544  $4,709,491
Deutsche Bank Commercial Mortgage Trust,          
Series 2016-C03, Class A4 2.632 08/10/49   650 603,389
Series 2020-C09, Class A4 1.644 08/15/53   5,800 4,757,007
Fannie Mae-Aces,          
Series 2018-M10, Class A1 3.469(cc) 07/25/28   45 44,053
Series 2019-M21, Class 3A1 2.100 06/25/34   5,990 5,419,462
Series 2019-M25, Class A1 2.142 11/25/29   629 616,553
     
 
FHLMC Multifamily Structured Pass-Through Certificates,
Series KW08, Class A2
3.600 01/25/29   4,500 4,367,166
GS Mortgage Securities Corp. Trust,
Series 2021-RENT, Class A, 144A, 1 Month LIBOR + 0.700% (Cap N/A, Floor 0.700%)
5.682(c) 11/21/35   1,386 1,301,759
GS Mortgage Securities Trust,          
Series 2015-GC30, Class A3 3.119 05/10/50   942 901,495
Series 2015-GC34, Class A3 3.244 10/10/48   4,139 3,947,670
Series 2021-GSA03, Class A4 2.369 12/15/54   7,000 5,747,734
     
 
JPMBB Commercial Mortgage Securities Trust,
Series 2015-C27, Class A3A1
2.920 02/15/48   865 817,901
JPMCC Commercial Mortgage Securities Trust,
Series 2017-JP05, Class A4
3.457 03/15/50   284 272,614
JPMDB Commercial Mortgage Securities Trust,
Series 2017-C05, Class A4
3.414 03/15/50   1,009 955,091
JPMorgan Chase Commercial Mortgage Securities Trust,          
Series 2016-JP02, Class A3 2.559 08/15/49   896 832,388
Series 2016-JP03, Class A4 2.627 08/15/49   646 593,341
     
 
Ladder Capital Commercial Mortgage Securities Trust,
Series 2017-LC26, Class A3, 144A
3.289 07/12/50   1,188 1,109,063
Morgan Stanley Capital I Trust,          
Series 2016-BNK02, Class A3 2.791 11/15/49   900 830,386
Series 2016-UB11, Class A3 2.531 08/15/49   1,807 1,658,102
UBS Commercial Mortgage Trust,          
Series 2017-C05, Class A4 3.212 11/15/50   1,800 1,687,206
Series 2018-C09, Class A3 3.854 03/15/51   727 688,675
Series 2018-C14, Class A3 4.180 12/15/51   1,162 1,116,381
Series 2019-C18, Class A3 2.782 12/15/52   4,400 3,840,709
Wells Fargo Commercial Mortgage Trust,          
Series 2016-BNK01, Class A2 2.399 08/15/49   1,193 1,094,597
Series 2016-C35, Class A3 2.674 07/15/48   1,680 1,559,326
Series 2016-NXS06, Class A3 2.642 11/15/49   1,500 1,394,420
Series 2017-C38, Class A4 3.190 07/15/50   965 896,479
Series 2017-RB01, Class A4 3.374 03/15/50   1,012 937,844
10

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Commercial Mortgage-Backed Securities (Continued)
Wells Fargo Commercial Mortgage Trust, (cont’d.)          
Series 2018-C46, Class A3 3.888 % 08/15/51   2,000  $1,933,851
Series 2019-C49, Class A3 3.749 03/15/52   3,000 2,876,426
Series 2019-C50, Class A4 3.466 05/15/52   2,500 2,311,941
Series 2019-C52, Class A3 2.631 08/15/52   2,000 1,912,982
Series 2020-C57, Class A3 1.864 08/15/53   5,300 4,344,315
Series 2021-C59, Class A3 1.958 04/15/54   5,921 5,099,748
     
 
Total Commercial Mortgage-Backed Securities
(cost $216,427,992)
189,249,207
Corporate Bonds 30.4%
Aerospace & Defense 0.6%
BAE Systems PLC (United Kingdom),
Sr. Unsec’d. Notes, 144A
3.400 04/15/30   335 308,218
Boeing Co. (The),          
Sr. Unsec’d. Notes 2.196 02/04/26   1,530 1,420,778
Sr. Unsec’d. Notes 3.550 03/01/38   495 392,091
Sr. Unsec’d. Notes 3.625 02/01/31   5,450 4,986,986
Sr. Unsec’d. Notes 3.850 11/01/48   455 338,512
     
 
Embraer Netherlands Finance BV (Brazil),
Gtd. Notes
5.050 06/15/25   281 275,029
Embraer Overseas Ltd. (Brazil),
Gtd. Notes, 144A
5.696 09/16/23   375 372,750
L3Harris Technologies, Inc.,
Sr. Unsec’d. Notes
3.832 04/27/25   30 29,331
Raytheon Technologies Corp.,
Sr. Unsec’d. Notes
4.125 11/16/28   450 443,841
          8,567,536
Agriculture 1.0%
Altria Group, Inc.,          
Gtd. Notes 3.400 05/06/30   630 562,425
Gtd. Notes 3.400 02/04/41   2,010 1,417,289
BAT Capital Corp. (United Kingdom),          
Gtd. Notes 2.259 03/25/28   1,910 1,658,543
Gtd. Notes 2.726 03/25/31   2,180 1,768,804
Gtd. Notes 3.557 08/15/27   455 425,946
     
 
11

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Agriculture (cont’d.)
     
BAT International Finance PLC (United Kingdom),
Gtd. Notes, 144A
3.950 % 06/15/25   1,510  $1,471,184
Philip Morris International, Inc.,
Sr. Unsec’d. Notes
5.125 02/15/30   7,955 8,048,227
          15,352,418
Airlines 0.1%
American Airlines 2015-1 Class A Pass-Through Trust,
Pass-Through Certificates
3.375 11/01/28   66 57,066
Delta Air Lines 2020-1 Class AA Pass-Through Trust,
Pass-Through Certificates
2.000 12/10/29   587 518,781
United Airlines 2016-2 Class AA Pass-Through Trust,
Pass-Through Certificates
2.875 04/07/30   284 252,597
United Airlines 2019-2 Class AA Pass-Through Trust,
Pass-Through Certificates
2.700 11/01/33   398 339,602
          1,168,046
Auto Manufacturers 0.3%
BMW US Capital LLC (Germany),
Gtd. Notes, 144A
2.250 09/15/23   645 637,483
Ford Motor Co.,
Sr. Unsec’d. Notes
5.291 12/08/46   285 229,967
General Motors Co.,
Sr. Unsec’d. Notes
6.250 10/02/43   900 870,015
General Motors Financial Co., Inc.,          
Gtd. Notes 3.850 01/05/28   490 459,205
Gtd. Notes 4.350 01/17/27   180 174,366
Sr. Unsec’d. Notes 2.700 08/20/27   375 336,273
Sr. Unsec’d. Notes 3.600 06/21/30   2,655 2,324,365
          5,031,674
Banks 8.7%
Banco Santander SA (Spain),
Sr. Unsec’d. Notes
1.849 03/25/26   200 181,250
Bank of America Corp.,          
Sr. Unsec’d. Notes 2.687(ff) 04/22/32   9,635 8,059,464
Sr. Unsec’d. Notes 5.288(ff) 04/25/34   1,530 1,538,637
Sr. Unsec’d. Notes, GMTN 3.593(ff) 07/21/28   1,595 1,500,047
Sr. Unsec’d. Notes, MTN 2.496(ff) 02/13/31   2,705 2,287,761
Sr. Unsec’d. Notes, MTN 3.824(ff) 01/20/28   1,720 1,645,233
12

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Banks (cont’d.)
Bank of America Corp., (cont’d.)          
Sr. Unsec’d. Notes, MTN 3.974 %(ff) 02/07/30   400  $374,222
Sr. Unsec’d. Notes, MTN 4.083(ff) 03/20/51   1,555 1,295,645
Sr. Unsec’d. Notes, MTN 4.271(ff) 07/23/29   320 306,625
Sr. Unsec’d. Notes, Series N 1.658(ff) 03/11/27   105 94,910
Sub. Notes, MTN 4.000 01/22/25   800 784,984
Sub. Notes, MTN 4.450 03/03/26   1,500 1,478,191
Barclays PLC (United Kingdom),          
Sr. Unsec’d. Notes 3.650 03/16/25   200 191,521
Sr. Unsec’d. Notes 3.932(ff) 05/07/25   1,780 1,739,638
Sr. Unsec’d. Notes, MTN 4.972(ff) 05/16/29   400 385,547
BNP Paribas SA (France),          
Sr. Unsec’d. Notes, 144A 1.323(ff) 01/13/27   3,075 2,771,313
Sr. Unsec’d. Notes, 144A 1.675(ff) 06/30/27   1,425 1,271,809
Sr. Unsec’d. Notes, 144A 1.904(ff) 09/30/28   1,385 1,195,597
Sr. Unsec’d. Notes, 144A 2.219(ff) 06/09/26   395 367,735
Sr. Unsec’d. Notes, 144A 2.591(ff) 01/20/28   665 602,568
Sr. Unsec’d. Notes, 144A, MTN 3.052(ff) 01/13/31   1,080 931,619
BPCE SA (France),          
Sr. Unsec’d. Notes, 144A 2.375 01/14/25   2,650 2,501,947
Sr. Unsec’d. Notes, 144A, MTN 3.250 01/11/28   625 574,623
Citigroup, Inc.,          
Sr. Unsec’d. Notes 1.122(ff) 01/28/27   8,090 7,266,599
Sr. Unsec’d. Notes 2.561(ff) 05/01/32   1,415 1,175,854
Sr. Unsec’d. Notes 2.666(ff) 01/29/31   1,400 1,201,694
Sr. Unsec’d. Notes 3.200 10/21/26   290 275,602
Sr. Unsec’d. Notes 3.400 05/01/26   350 337,362
Sr. Unsec’d. Notes 3.520(ff) 10/27/28   180 168,998
Sr. Unsec’d. Notes 3.668(ff) 07/24/28   490 463,934
Sr. Unsec’d. Notes 3.887(ff) 01/10/28   670 644,201
Sub. Notes 4.400 06/10/25   4,000 3,929,303
Sub. Notes 4.450 09/29/27   840 821,170
Sub. Notes 4.600 03/09/26   945 933,790
Sub. Notes 4.750 05/18/46   460 403,581
     
 
Credit Agricole SA (France),
Sr. Unsec’d. Notes, 144A, MTN
1.907(ff) 06/16/26   1,045 967,030
Credit Suisse Group AG (Switzerland),          
Sr. Unsec’d. Notes, 144A 2.193(ff) 06/05/26   555 496,663
Sr. Unsec’d. Notes, 144A 2.593(ff) 09/11/25   1,730 1,611,062
Sr. Unsec’d. Notes, 144A 3.869(ff) 01/12/29   870 774,300
Sr. Unsec’d. Notes, 144A 4.282 01/09/28   350 315,875
     
 
13

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Banks (cont’d.)
     
Deutsche Bank AG (Germany),
Sr. Unsec’d. Notes
2.129 %(ff) 11/24/26   1,530  $1,358,046
Discover Bank,
Sr. Unsec’d. Notes
4.200 08/08/23   250 248,629
Goldman Sachs Group, Inc. (The),          
Sr. Unsec’d. Notes 1.431(ff) 03/09/27   3,075 2,766,974
Sr. Unsec’d. Notes 1.542(ff) 09/10/27   3,405 3,017,220
Sr. Unsec’d. Notes 3.272(ff) 09/29/25   1,160 1,122,241
Sr. Unsec’d. Notes 3.500 01/23/25   75 72,852
Sr. Unsec’d. Notes 3.500 04/01/25   1,230 1,194,992
Sr. Unsec’d. Notes 3.814(ff) 04/23/29   1,585 1,493,036
Sr. Unsec’d. Notes 3.850 01/26/27   475 459,911
Sr. Unsec’d. Notes 4.223(ff) 05/01/29   125 120,067
Sub. Notes 5.150 05/22/45   335 316,713
     
 
ING Groep NV (Netherlands),
Sr. Unsec’d. Notes
3.550 04/09/24   200 196,164
Intesa Sanpaolo SpA (Italy),
Sr. Unsec’d. Notes, Series XR, 144A
4.000 09/23/29   1,790 1,587,746
JPMorgan Chase & Co.,          
Jr. Sub. Notes, Series II 4.000(ff) 04/01/25(oo)   3,920 3,540,555
Sr. Unsec’d. Notes 0.824(ff) 06/01/25   900 855,152
Sr. Unsec’d. Notes 1.040(ff) 02/04/27   4,160 3,733,348
Sr. Unsec’d. Notes 1.578(ff) 04/22/27   215 194,815
Sr. Unsec’d. Notes 2.580(ff) 04/22/32   2,565 2,155,733
Sr. Unsec’d. Notes 2.739(ff) 10/15/30   7,000 6,137,022
Sr. Unsec’d. Notes 2.947(ff) 02/24/28   215 200,041
Sr. Unsec’d. Notes 3.964(ff) 11/15/48   355 298,850
Sr. Unsec’d. Notes 4.005(ff) 04/23/29   3,585 3,433,035
Sr. Unsec’d. Notes 4.323(ff) 04/26/28   165 161,864
Sub. Notes 2.956(ff) 05/13/31   1,855 1,606,152
Sub. Notes 3.875 09/10/24   375 368,571
Sub. Notes 4.250 10/01/27   375 369,411
Morgan Stanley,          
Sr. Unsec’d. Notes 1.593(ff) 05/04/27   5,600 5,038,914
Sr. Unsec’d. Notes, GMTN 2.239(ff) 07/21/32   960 775,680
Sr. Unsec’d. Notes, GMTN 3.772(ff) 01/24/29   760 719,735
Sr. Unsec’d. Notes, GMTN 3.875 01/27/26   470 459,328
Sr. Unsec’d. Notes, GMTN 4.000 07/23/25   455 448,533
Sr. Unsec’d. Notes, GMTN 4.431(ff) 01/23/30   1,200 1,158,742
Sr. Unsec’d. Notes, MTN 1.928(ff) 04/28/32   4,245 3,371,680
Sr. Unsec’d. Notes, MTN 2.720(ff) 07/22/25   1,500 1,447,766
Sr. Unsec’d. Notes, MTN 3.591(ff) 07/22/28   310 293,233
14

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Banks (cont’d.)
Morgan Stanley, (cont’d.)          
Sr. Unsec’d. Notes, Series F, MTN 3.875 % 04/29/24   365  $360,035
Sub. Notes, GMTN 4.350 09/08/26   3,800 3,719,177
NatWest Group PLC (United Kingdom),          
Sr. Unsec’d. Notes 1.642(ff) 06/14/27   1,830 1,624,867
Sr. Unsec’d. Notes 5.076(ff) 01/27/30   720 708,900
Societe Generale SA (France),          
Sr. Unsec’d. Notes, 144A 1.488(ff) 12/14/26   3,800 3,362,743
Sr. Unsec’d. Notes, 144A 2.797(ff) 01/19/28   275 245,853
Sr. Unsec’d. Notes, 144A, MTN 1.792(ff) 06/09/27   1,020 897,451
Sr. Unsec’d. Notes, 144A, MTN 6.447(ff) 01/12/27   1,350 1,363,167
     
 
State Bank of India (India),
Sr. Unsec’d. Notes, 144A
4.375 01/24/24   630 625,787
Sumitomo Mitsui Financial Group, Inc. (Japan),
Sr. Unsec’d. Notes
2.348 01/15/25   2,520 2,395,117
Texas Capital Bank NA,
Sr. Unsec’d. Notes, 144A, 3 Month LIBOR + 4.500%
9.659(c) 09/30/24   2,340 2,235,233
Truist Bank,
Sub. Notes
2.250 03/11/30   2,840 2,329,955
UBS Group AG (Switzerland),
Sr. Unsec’d. Notes, 144A
3.126(ff) 08/13/30   1,180 1,014,580
Wells Fargo & Co.,          
Sr. Unsec’d. Notes 5.389(ff) 04/24/34   1,585 1,610,956
Sr. Unsec’d. Notes, MTN 2.572(ff) 02/11/31   2,740 2,342,285
Sr. Unsec’d. Notes, MTN 5.013(ff) 04/04/51   2,300 2,177,878
          131,604,639
Beverages 0.6%
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev
Worldwide, Inc. (Belgium),
         
Gtd. Notes 4.700 02/01/36   180 180,839
Gtd. Notes 4.900 02/01/46   1,675 1,647,338
     
 
Anheuser-Busch InBev Worldwide, Inc. (Belgium),
Gtd. Notes
5.450 01/23/39   975 1,036,365
Constellation Brands, Inc.,          
Gtd. Notes 4.650 11/15/28   450 451,212
Sr. Unsec’d. Notes 2.250 08/01/31   1,030 854,675
     
 
Diageo Capital PLC (United Kingdom),
Gtd. Notes
2.125 04/29/32   1,665 1,389,073
15

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Beverages (cont’d.)
Keurig Dr. Pepper, Inc.,          
Gtd. Notes 3.200 % 05/01/30   1,450  $1,325,028
Gtd. Notes 4.500 04/15/52   1,540 1,374,262
          8,258,792
Biotechnology 0.3%
Amgen, Inc.,
Sr. Unsec’d. Notes
5.250 03/02/33   3,930 4,041,821
Gilead Sciences, Inc.,
Sr. Unsec’d. Notes
2.500 09/01/23   220 217,953
          4,259,774
Building Materials 0.1%
Martin Marietta Materials, Inc.,
Sr. Unsec’d. Notes, Series CB
2.500 03/15/30   885 758,799
Owens Corning,
Sr. Unsec’d. Notes
4.400 01/30/48   825 690,239
          1,449,038
Chemicals 0.1%
LYB International Finance BV,
Gtd. Notes
4.000 07/15/23   142 141,308
LYB International Finance III LLC,
Gtd. Notes
4.200 05/01/50   1,070 826,882
Nutrien Ltd. (Canada),
Sr. Unsec’d. Notes
5.250 01/15/45   248 237,935
Sasol Financing USA LLC (South Africa),          
Gtd. Notes 5.875 03/27/24   200 197,412
Gtd. Notes 6.500 09/27/28   400 369,412
          1,772,949
Commercial Services 0.4%
ERAC USA Finance LLC,          
Gtd. Notes, 144A 2.700 11/01/23   580 569,795
Gtd. Notes, 144A 4.500 02/15/45   75 67,358
     
 
Experian Finance PLC,
Gtd. Notes, 144A
2.750 03/08/30   1,735 1,512,326
Georgetown University (The),
Sr. Unsec’d. Notes
5.115 04/01/53   670 670,990
16

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Commercial Services (cont’d.)
     
Global Payments, Inc.,
Sr. Unsec’d. Notes
2.650 % 02/15/25   575  $549,404
Massachusetts Institute of Technology,
Unsec’d. Notes
3.885 07/01/2116   700 541,435
President & Fellows of Harvard College,
Unsec’d. Notes
3.300 07/15/56   160 125,202
Trustees of Boston College,
Unsec’d. Notes
3.129 07/01/52   637 483,385
University of Notre Dame du Lac,
Unsec’d. Notes, Series 2017
3.394 02/15/48   365 306,049
Verisk Analytics, Inc.,
Sr. Unsec’d. Notes
4.125 03/15/29   1,185 1,146,270
          5,972,214
Computers 0.1%
Apple, Inc.,
Sr. Unsec’d. Notes
3.850 08/04/46   525 469,545
NetApp, Inc.,
Sr. Unsec’d. Notes
1.875 06/22/25   1,470 1,378,593
          1,848,138
Diversified Financial Services 0.4%
BOC Aviation USA Corp. (China),
Gtd. Notes, 144A, MTN
1.625 04/29/24   635 612,317
Cboe Global Markets, Inc.,
Sr. Unsec’d. Notes
1.625 12/15/30   2,900 2,341,465
Charles Schwab Corp. (The),
Sr. Unsec’d. Notes
1.650 03/11/31   2,970 2,311,493
Jefferies Financial Group, Inc.,
Sr. Unsec’d. Notes
2.625 10/15/31   95 76,488
Nomura Holdings, Inc. (Japan),
Sr. Unsec’d. Notes
2.608 07/14/31   565 449,247
          5,791,010
Electric 3.2%
Abu Dhabi National Energy Co. PJSC (United Arab Emirates),
Sr. Unsec’d. Notes, 144A, MTN
2.000 04/29/28   515 463,500
AEP Transmission Co. LLC,
Sr. Unsec’d. Notes
4.250 09/15/48   830 733,906
17

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Electric (cont’d.)
Alabama Power Co.,
Sr. Unsec’d. Notes
2.800 % 04/01/25   75  $72,182
Alfa Desarrollo SpA (Chile),
Sr. Sec’d. Notes, 144A
4.550 09/27/51   657 472,857
Ameren Illinois Co.,
First Mortgage
3.700 12/01/47   625 523,223
Arizona Public Service Co.,          
Sr. Unsec’d. Notes 2.200 12/15/31   2,875 2,306,531
Sr. Unsec’d. Notes 3.350 05/15/50   485 341,637
     
 
CenterPoint Energy Houston Electric LLC,
General Ref. Mortgage, Series Z
2.400 09/01/26   190 177,883
CenterPoint Energy, Inc.,
Sr. Unsec’d. Notes
3.700 09/01/49   495 380,882
Cleco Corporate Holdings LLC,
Sr. Unsec’d. Notes
3.375 09/15/29   305 266,096
Comision Federal de Electricidad (Mexico),
Gtd. Notes, 144A
4.688 05/15/29   1,600 1,440,300
Commonwealth Edison Co.,          
First Mortgage 3.700 03/01/45   40 32,599
First Mortgage 4.000 03/01/48   115 98,694
First Mortgage, Series 123 3.750 08/15/47   775 640,985
First Mortgage, Series 130 3.125 03/15/51   95 68,934
Consolidated Edison Co. of New York, Inc.,          
Sr. Unsec’d. Notes, Series 2017 3.875 06/15/47   805 656,414
Sr. Unsec’d. Notes, Series C 4.300 12/01/56   40 33,690
     
 
Consumers Energy Co.,
First Mortgage
3.250 08/15/46   155 118,347
Delmarva Power & Light Co.,
First Mortgage
4.150 05/15/45   60 51,236
Dominion Energy, Inc.,
Sr. Unsec’d. Notes, Series D
2.850 08/15/26   55 51,788
DTE Electric Co.,
General Ref. Mortgage, Series A
4.050 05/15/48   370 317,960
DTE Energy Co.,
Sr. Unsec’d. Notes
2.850 10/01/26   350 328,963
Duke Energy Corp.,          
Sr. Unsec’d. Notes 2.650 09/01/26   145 136,324
Sr. Unsec’d. Notes 3.950 08/15/47   185 146,902
Duke Energy Florida LLC,          
First Mortgage 3.200 01/15/27   600 575,950
First Mortgage 3.400 10/01/46   185 143,802
First Mortgage 4.200 07/15/48   205 179,823
18

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Electric (cont’d.)
Duke Energy Progress LLC,          
First Mortgage 2.500 % 08/15/50   1,860  $1,175,592
First Mortgage 3.700 10/15/46   75 59,899
Enel Finance International NV (Italy),          
Gtd. Notes, 144A 2.650 09/10/24   655 631,918
Gtd. Notes, 144A 3.500 04/06/28   475 442,178
     
 
Engie Energia Chile SA (Chile),
Sr. Unsec’d. Notes, 144A
3.400 01/28/30   200 163,850
Entergy Arkansas LLC,
First Mortgage
2.650 06/15/51   2,220 1,442,680
Entergy Louisiana LLC,
Collateral Trust
4.000 03/15/33   170 160,979
Entergy Texas, Inc.,
First Mortgage
4.500 03/30/39   1,000 923,101
Evergy, Inc.,
Sr. Unsec’d. Notes
2.450 09/15/24   2,135 2,054,507
Eversource Energy,
Sr. Unsec’d. Notes, Series M
3.300 01/15/28   335 316,514
Fortis, Inc. (Canada),
Sr. Unsec’d. Notes
3.055 10/04/26   217 204,847
Georgia Power Co.,
Sr. Unsec’d. Notes, Series B
2.650 09/15/29   1,005 892,053
IPALCO Enterprises, Inc.,
Sr. Sec’d. Notes
4.250 05/01/30   240 222,747
Israel Electric Corp. Ltd. (Israel),          
Sr. Sec’d. Notes, 144A, GMTN 4.250 08/14/28   235 224,175
Sr. Sec’d. Notes, Series 6, 144A 5.000 11/12/24   1,360 1,346,230
     
 
Metropolitan Edison Co.,
Sr. Unsec’d. Notes, 144A
5.200 04/01/28   865 880,023
MidAmerican Energy Co.,          
First Mortgage 3.950 08/01/47   225 193,694
First Mortgage 4.250 07/15/49   350 314,558
     
 
Monongahela Power Co.,
First Mortgage, 144A
4.100 04/15/24   851 835,935
Narragansett Electric Co. (The),
Sr. Unsec’d. Notes, 144A
3.395 04/09/30   915 840,615
NextEra Energy Capital Holdings, Inc.,          
Gtd. Notes 4.900 02/28/28   3,870 3,918,861
Gtd. Notes 6.051 03/01/25   785 798,062
NRG Energy, Inc.,          
Sr. Sec’d. Notes, 144A 2.000 12/02/25   280 252,581
Sr. Sec’d. Notes, 144A 2.450 12/02/27   1,215 1,056,487
19

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Electric (cont’d.)
     
 
Ohio Power Co.,
Sr. Unsec’d. Notes
4.150 % 04/01/48   250  $215,138
Oncor Electric Delivery Co. LLC,
Sr. Sec’d. Notes
2.950 04/01/25   60 58,155
Pacific Gas & Electric Co.,
First Mortgage
6.700 04/01/53   1,080 1,102,548
PacifiCorp,
First Mortgage
2.700 09/15/30   890 793,599
PECO Energy Co.,          
First Mortgage 3.000 09/15/49   180 129,559
First Mortgage 3.050 03/15/51   1,540 1,103,901
First Ref. Mortgage 4.800 10/15/43   120 111,711
     
 
Pennsylvania Electric Co.,
Sr. Unsec’d. Notes, 144A
3.600 06/01/29   1,435 1,345,624
PPL Electric Utilities Corp.,
First Mortgage
3.000 10/01/49   235 171,610
Public Service Co. of Colorado,          
First Mortgage 4.100 06/15/48   235 203,661
First Mortgage, Series 34 3.200 03/01/50   720 537,014
Public Service Electric & Gas Co.,          
First Mortgage, MTN 2.250 09/15/26   370 344,298
First Mortgage, MTN 2.700 05/01/50   390 266,364
First Mortgage, MTN 3.200 05/15/29   1,265 1,184,041
First Mortgage, MTN 3.600 12/01/47   95 76,853
First Mortgage, MTN 3.700 05/01/28   590 575,405
Sec’d. Notes, MTN 4.650 03/15/33   2,105 2,129,274
     
 
Public Service Enterprise Group, Inc.,
Sr. Unsec’d. Notes
1.600 08/15/30   1,155 934,904
Puget Energy, Inc.,
Sr. Sec’d. Notes
2.379 06/15/28   1,132 1,006,266
San Diego Gas & Electric Co.,
First Mortgage
4.150 05/15/48   420 366,602
Southern California Edison Co.,
First Mortgage
3.650 02/01/50   290 225,665
Southwestern Electric Power Co.,
Sr. Unsec’d. Notes, Series K
2.750 10/01/26   675 631,341
Southwestern Public Service Co.,
First Mortgage
3.700 08/15/47   355 281,230
SP PowerAssets Ltd. (Singapore),
Sr. Unsec’d. Notes, 144A, MTN
3.000 09/26/27   465 443,043
State Grid Overseas Investment BVI Ltd. (China),
Gtd. Notes, 144A, MTN
3.500 05/04/27   600 583,987
20

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Electric (cont’d.)
     
Tucson Electric Power Co.,
Sr. Unsec’d. Notes
4.000 % 06/15/50   1,315  $1,063,894
Union Electric Co.,
Sr. Sec’d. Notes
3.650 04/15/45   50 39,979
Virginia Electric & Power Co.,          
Sr. Unsec’d. Notes, Series A 3.500 03/15/27   185 179,025
Sr. Unsec’d. Notes, Series A 3.800 04/01/28   290 282,619
     
 
Vistra Operations Co. LLC,
Sr. Sec’d. Notes, 144A
3.550 07/15/24   1,515 1,469,602
Wisconsin Power & Light Co.,
Sr. Unsec’d. Notes
3.050 10/15/27   535 505,986
Xcel Energy, Inc.,
Sr. Unsec’d. Notes
3.350 12/01/26   510 490,014
          48,966,406
Electronics 0.1%
Trimble, Inc.,
Sr. Unsec’d. Notes
4.150 06/15/23   770 766,365
Engineering & Construction 0.1%
Mexico City Airport Trust (Mexico),          
Sr. Sec’d. Notes, 144A 3.875 04/30/28   600 554,175
Sr. Sec’d. Notes, 144A 4.250 10/31/26   861 821,179
Sr. Sec’d. Notes, 144A 5.500 07/31/47   600 460,050
          1,835,404
Entertainment 0.1%
Warnermedia Holdings, Inc.,          
Gtd. Notes, 144A 5.050 03/15/42   1,570 1,297,788
Gtd. Notes, 144A 5.141 03/15/52   625 498,942
Gtd. Notes, 144A 5.391 03/15/62   315 252,838
          2,049,568
Foods 0.3%
Ahold Finance USA LLC (Netherlands),
Gtd. Notes
6.875 05/01/29   280 306,761
Campbell Soup Co.,
Sr. Unsec’d. Notes
2.375 04/24/30   2,175 1,870,688
21

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Foods (cont’d.)
Cencosud SA (Chile),
Gtd. Notes, 144A
4.375 % 07/17/27   1,320  $1,269,098
Kraft Heinz Foods Co.,
Gtd. Notes
4.375 06/01/46   1,005 877,215
Kroger Co. (The),
Sr. Unsec’d. Notes
3.875 10/15/46   65 51,401
          4,375,163
Forest Products & Paper 0.1%
Celulosa Arauco y Constitucion SA (Chile),          
Sr. Unsec’d. Notes 3.875 11/02/27   651 606,976
Sr. Unsec’d. Notes 4.500 08/01/24   214 210,295
     
 
Georgia-Pacific LLC,
Sr. Unsec’d. Notes, 144A
3.600 03/01/25   220 215,048
          1,032,319
Gas 0.2%
Atmos Energy Corp.,
Sr. Unsec’d. Notes
3.375 09/15/49   1,200 918,466
CenterPoint Energy Resources Corp.,
Sr. Unsec’d. Notes
4.100 09/01/47   305 258,042
NiSource, Inc.,
Sr. Unsec’d. Notes
1.700 02/15/31   785 630,826
Piedmont Natural Gas Co., Inc.,
Sr. Unsec’d. Notes
3.500 06/01/29   440 411,787
Southern Co. Gas Capital Corp.,
Gtd. Notes
2.450 10/01/23   555 547,617
          2,766,738
Healthcare-Products 0.0%
Medtronic, Inc.,
Gtd. Notes
4.375 03/15/35   235 234,353
Healthcare-Services 1.2%
Aetna, Inc.,          
Sr. Unsec’d. Notes 3.500 11/15/24   100 97,662
Sr. Unsec’d. Notes 4.500 05/15/42   1,000 900,423
Sr. Unsec’d. Notes 6.750 12/15/37   170 189,587
     
 
22

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Healthcare-Services (cont’d.)
     
AHS Hospital Corp.,
Unsec’d. Notes
5.024 % 07/01/45   200  $201,096
Ascension Health,
Sr. Unsec’d. Notes, Series B
3.106 11/15/39   265 212,251
Kaiser Foundation Hospitals,
Unsec’d. Notes, Series 2021
2.810 06/01/41   2,410 1,804,141
Laboratory Corp. of America Holdings,
Sr. Unsec’d. Notes
2.950 12/01/29   595 537,711
Memorial Sloan-Kettering Cancer Center,
Sr. Unsec’d. Notes, Series 2015
4.200 07/01/55   75 65,863
Mount Sinai Hospitals Group, Inc.,
Sec’d. Notes, Series 2019
3.737 07/01/49   1,795 1,406,222
MyMichigan Health,
Sec’d. Notes, Series 2020
3.409 06/01/50   740 526,340
OhioHealth Corp.,
Unsec’d. Notes, Series 2020
3.042 11/15/50   795 585,207
Piedmont Healthcare, Inc.,
Sec’d. Notes, Series 2032
2.044 01/01/32   2,670 2,151,182
Providence St. Joseph Health Obligated Group,          
Unsec’d. Notes, Series 19A 2.532 10/01/29   420 359,313
Unsec’d. Notes, Series H 2.746 10/01/26   40 37,345
Quest Diagnostics, Inc.,          
Sr. Unsec’d. Notes 2.950 06/30/30   1,910 1,711,863
Sr. Unsec’d. Notes 3.500 03/30/25   190 185,009
     
 
RWJ Barnabas Health, Inc.,
Sr. Unsec’d. Notes
3.949 07/01/46   175 146,843
Stanford Health Care,
Unsec’d. Notes, Series 2018
3.795 11/15/48   450 377,373
UnitedHealth Group, Inc.,          
Sr. Unsec’d. Notes 3.050 05/15/41   1,150 913,313
Sr. Unsec’d. Notes 3.750 07/15/25   90 88,794
Sr. Unsec’d. Notes(a) 5.050 04/15/53   4,730 4,800,058
          17,297,596
Housewares 0.0%
Newell Brands, Inc.,
Sr. Unsec’d. Notes
4.700 04/01/26   35 33,423
23

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Insurance 0.4%
Arch Capital Finance LLC,
Gtd. Notes
5.031 % 12/15/46   95  $86,814
Arch Capital Group US, Inc.,
Gtd. Notes
5.144 11/01/43   100 93,856
Berkshire Hathaway Finance Corp.,
Gtd. Notes
2.850 10/15/50   1,175 839,794
CNA Financial Corp.,
Sr. Unsec’d. Notes
3.950 05/15/24   1,170 1,152,169
Liberty Mutual Group, Inc.,          
Gtd. Notes, 144A 3.950 05/15/60   185 131,747
Gtd. Notes, 144A 3.951 10/15/50   450 336,353
     
 
Lincoln National Corp.,
Sr. Unsec’d. Notes
6.300 10/09/37   115 114,953
Markel Corp.,          
Sr. Unsec’d. Notes 3.350 09/17/29   1,625 1,491,671
Sr. Unsec’d. Notes 5.000 04/05/46   217 198,396
Principal Financial Group, Inc.,          
Gtd. Notes 3.100 11/15/26   105 100,082
Gtd. Notes 4.300 11/15/46   140 116,289
Gtd. Notes 4.350 05/15/43   20 16,626
Teachers Insurance & Annuity Association of America,          
Sub. Notes, 144A 3.300 05/15/50   930 661,215
Sub. Notes, 144A 4.900 09/15/44   120 111,431
     
 
W.R. Berkley Corp.,
Sr. Unsec’d. Notes
4.000 05/12/50   545 437,597
          5,888,993
Iron/Steel 0.3%
Steel Dynamics, Inc.,
Sr. Unsec’d. Notes
3.450 04/15/30   5,710 5,195,052
Lodging 0.1%
Las Vegas Sands Corp.,
Sr. Unsec’d. Notes
3.500 08/18/26   1,230 1,154,997
Marriott International, Inc.,          
Sr. Unsec’d. Notes 4.900 04/15/29   510 506,700
Sr. Unsec’d. Notes, Series R 3.125 06/15/26   250 237,917
          1,899,614
24

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Machinery-Construction & Mining 0.0%
Caterpillar, Inc.,
Sr. Unsec’d. Notes
2.600 % 04/09/30   735  $662,561
Machinery-Diversified 0.0%
Rockwell Automation, Inc.,
Sr. Unsec’d. Notes
2.875 03/01/25   115 111,584
Media 0.9%
Charter Communications Operating LLC/Charter
Communications Operating Capital,
         
Sr. Sec’d. Notes 2.300 02/01/32   445 338,253
Sr. Sec’d. Notes 2.800 04/01/31   2,755 2,221,294
Sr. Sec’d. Notes 3.700 04/01/51   360 228,238
Sr. Sec’d. Notes 3.900 06/01/52   1,690 1,100,819
Sr. Sec’d. Notes 5.375 05/01/47   530 432,523
Sr. Sec’d. Notes 6.384 10/23/35   2,480 2,450,460
Sr. Sec’d. Notes 6.484 10/23/45   400 370,420
     
 
Comcast Corp.,
Gtd. Notes
4.250 10/15/30   275 272,355
Cox Communications, Inc.,          
Sr. Unsec’d. Notes, 144A 2.600 06/15/31   3,535 2,928,145
Sr. Unsec’d. Notes, 144A 3.150 08/15/24   276 268,824
Sr. Unsec’d. Notes, 144A 3.500 08/15/27   2,000 1,899,507
     
 
Discovery Communications LLC,
Gtd. Notes
5.200 09/20/47   1,000 815,714
Time Warner Cable LLC,
Sr. Sec’d. Notes
5.500 09/01/41   150 127,822
          13,454,374
Mining 0.3%
Barrick North America Finance LLC (Canada),
Gtd. Notes
5.750 05/01/43   190 200,609
Freeport Indonesia PT (Indonesia),
Sr. Unsec’d. Notes, 144A, MTN
4.763 04/14/27   225 221,808
Newmont Corp.,          
Gtd. Notes 2.250 10/01/30   845 712,482
Gtd. Notes 2.800 10/01/29   1,270 1,132,071
25

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Mining (cont’d.)
     
 
Yamana Gold, Inc. (Canada),
Gtd. Notes
2.630 % 08/15/31   3,120  $2,499,721
          4,766,691
Miscellaneous Manufacturing 0.2%
Teledyne Technologies, Inc.,
Gtd. Notes
2.750 04/01/31   3,510 2,982,606
Office/Business Equipment 0.2%
CDW LLC/CDW Finance Corp.,
Gtd. Notes
2.670 12/01/26   3,145 2,860,536
Oil & Gas 1.8%
Aker BP ASA (Norway),          
Gtd. Notes, 144A 2.000 07/15/26   3,620 3,298,130
Gtd. Notes, 144A 3.100 07/15/31   770 653,654
Sr. Unsec’d. Notes, 144A 2.875 01/15/26   2,045 1,941,426
     
 
BP Capital Markets PLC (United Kingdom),
Gtd. Notes
4.375(ff) 06/22/25(oo)   2,420 2,317,150
Canadian Natural Resources Ltd. (Canada),
Sr. Unsec’d. Notes
6.250 03/15/38   175 186,290
Cenovus Energy, Inc. (Canada),          
Sr. Unsec’d. Notes(a) 3.750 02/15/52   1,685 1,221,911
Sr. Unsec’d. Notes 5.400 06/15/47   384 357,570
Sr. Unsec’d. Notes 6.750 11/15/39   156 169,056
Sr. Unsec’d. Notes 6.800 09/15/37   200 215,164
     
 
Chevron USA, Inc.,
Gtd. Notes
3.900 11/15/24   425 422,364
Continental Resources, Inc.,          
Gtd. Notes 3.800 06/01/24   2,300 2,256,281
Gtd. Notes, 144A 2.268 11/15/26   330 296,094
     
 
Equinor ASA (Norway),
Gtd. Notes
2.375 05/22/30   1,110 982,516
Korea National Oil Corp. (South Korea),          
Sr. Unsec’d. Notes, 144A 4.750 04/03/26   510 508,230
Sr. Unsec’d. Notes, 144A 4.875 04/03/28   530 536,206
     
 
Marathon Petroleum Corp.,
Sr. Unsec’d. Notes
3.800 04/01/28   380 364,624
26

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Oil & Gas (cont’d.)
Occidental Petroleum Corp.,          
Sr. Unsec’d. Notes 7.500 % 05/01/31   100  $111,518
Sr. Unsec’d. Notes 7.875 09/15/31   250 283,941
Petroleos Mexicanos (Mexico),          
Gtd. Notes 5.950 01/28/31   398 294,281
Gtd. Notes 6.350 02/12/48   66 38,656
Gtd. Notes 6.490 01/23/27   1,048 937,960
Gtd. Notes 6.500 03/13/27   1,020 909,228
Gtd. Notes, MTN 6.750 09/21/47   1,096 674,588
Gtd. Notes, MTN 6.875 08/04/26   870 815,843
Phillips 66 Co.,          
Gtd. Notes, 144A 3.150 12/15/29   5,000 4,509,153
Gtd. Notes, 144A 3.550 10/01/26   310 296,925
QatarEnergy (Qatar),          
Sr. Unsec’d. Notes, 144A 1.375 09/12/26   2,298 2,078,685
Sr. Unsec’d. Notes, 144A 2.250 07/12/31   1,090 938,286
          27,615,730
Oil & Gas Services 0.0%
Schlumberger Holdings Corp.,
Sr. Unsec’d. Notes, 144A
3.900 05/17/28   487 470,692
Packaging & Containers 0.5%
Berry Global, Inc.,
Sr. Sec’d. Notes
1.570 01/15/26   4,740 4,310,565
Graphic Packaging International LLC,
Sr. Sec’d. Notes, 144A
1.512 04/15/26   3,070 2,745,562
WRKCo, Inc.,
Gtd. Notes
4.650 03/15/26   560 553,145
          7,609,272
Pharmaceuticals 1.7%
AbbVie, Inc.,          
Sr. Unsec’d. Notes 3.800 03/15/25   105 103,233
Sr. Unsec’d. Notes 4.050 11/21/39   285 252,001
Sr. Unsec’d. Notes(a) 4.250 11/21/49   1,780 1,559,418
Sr. Unsec’d. Notes 4.500 05/14/35   550 535,854
Sr. Unsec’d. Notes 4.550 03/15/35   360 352,284
Sr. Unsec’d. Notes 4.700 05/14/45   1,330 1,246,720
Sr. Unsec’d. Notes 4.750 03/15/45   1,008 951,578
27

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Pharmaceuticals (cont’d.)
     
 
AmerisourceBergen Corp.,
Sr. Unsec’d. Notes
3.250 % 03/01/25   55  $53,476
Bristol-Myers Squibb Co.,          
Sr. Unsec’d. Notes 4.125 06/15/39   115 107,716
Sr. Unsec’d. Notes 4.350 11/15/47   475 439,394
Cigna Group (The),          
Gtd. Notes 3.250 04/15/25   270 262,181
Gtd. Notes 3.400 03/01/27   325 312,077
Gtd. Notes 4.375 10/15/28   1,950 1,937,116
Gtd. Notes 4.500 02/25/26   700 698,142
Sr. Unsec’d. Notes 2.400 03/15/30   6,145 5,321,173
CVS Health Corp.,          
Sr. Unsec’d. Notes 2.700 08/21/40   385 275,972
Sr. Unsec’d. Notes(a) 5.125 02/21/30   3,190 3,245,772
Sr. Unsec’d. Notes 5.125 07/20/45   465 439,200
Sr. Unsec’d. Notes 5.300 12/05/43   155 151,278
     
 
Johnson & Johnson,
Sr. Unsec’d. Notes
3.625 03/03/37   3,205 3,001,095
Mylan, Inc.,          
Gtd. Notes 5.200 04/15/48   1,250 962,189
Gtd. Notes 5.400 11/29/43   860 706,538
Shire Acquisitions Investments Ireland DAC,          
Gtd. Notes 2.875 09/23/23   89 88,073
Gtd. Notes 3.200 09/23/26   1,220 1,159,775
     
 
Utah Acquisition Sub, Inc.,
Gtd. Notes
5.250 06/15/46   105 81,246
Viatris, Inc.,          
Gtd. Notes 3.850 06/22/40   545 377,654
Gtd. Notes 4.000 06/22/50   375 243,145
          24,864,300
Pipelines 1.6%
Boardwalk Pipelines LP,
Gtd. Notes
3.400 02/15/31   1,300 1,141,537
Colonial Enterprises, Inc.,
Gtd. Notes, 144A
3.250 05/15/30   1,730 1,566,283
Colorado Interstate Gas Co. LLC/Colorado Interstate Issuing Corp.,
Gtd. Notes, 144A
4.150 08/15/26   555 539,303
EIG Pearl Holdings Sarl (Saudi Arabia),
Sr. Sec’d. Notes, 144A
3.545 08/31/36   1,674 1,442,569
28

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Pipelines (cont’d.)
Energy Transfer LP,          
Sr. Unsec’d. Notes 4.950 % 06/15/28   430  $427,991
Sr. Unsec’d. Notes 5.000 05/15/50   565 478,841
Sr. Unsec’d. Notes 5.400 10/01/47   1,800 1,601,463
Sr. Unsec’d. Notes 6.250 04/15/49   910 900,559
Enterprise Products Operating LLC,          
Gtd. Notes 3.700 01/31/51   445 342,518
Gtd. Notes 3.950 01/31/60   525 409,171
Greensaif Pipelines Bidco Sarl (Saudi Arabia),          
Sr. Sec’d. Notes, 144A 6.129 02/23/38   560 586,880
Sr. Sec’d. Notes, 144A 6.510 02/23/42   725 772,941
     
 
Magellan Midstream Partners LP,
Sr. Unsec’d. Notes
4.200 03/15/45   275 206,361
MPLX LP,          
Sr. Unsec’d. Notes 2.650 08/15/30   2,720 2,323,804
Sr. Unsec’d. Notes 4.000 02/15/25   130 127,442
Sr. Unsec’d. Notes 4.500 04/15/38   270 242,359
Sr. Unsec’d. Notes 4.875 06/01/25   200 199,351
Sr. Unsec’d. Notes 5.200 03/01/47   5 4,511
Sr. Unsec’d. Notes 5.500 02/15/49   210 194,270
     
 
ONEOK Partners LP,
Gtd. Notes
6.125 02/01/41   300 297,862
ONEOK, Inc.,          
Gtd. Notes 3.100 03/15/30   2,415 2,139,981
Gtd. Notes 4.450 09/01/49   1,000 783,365
Gtd. Notes 4.500 03/15/50   195 153,089
Gtd. Notes 4.950 07/13/47   85 72,099
Plains All American Pipeline LP/PAA Finance Corp.,          
Sr. Unsec’d. Notes 3.550 12/15/29   350 315,950
Sr. Unsec’d. Notes 4.650 10/15/25   1,000 989,338
     
 
Spectra Energy Partners LP,
Gtd. Notes
3.375 10/15/26   140 133,926
Targa Resources Corp.,          
Gtd. Notes 6.125 03/15/33   1,240 1,294,438
Gtd. Notes 6.250 07/01/52   1,305 1,289,864
Gtd. Notes 6.500 02/15/53   605 617,526
     
 
Texas Eastern Transmission LP,
Sr. Unsec’d. Notes, 144A
3.500 01/15/28   300 283,536
Transcontinental Gas Pipe Line Co. LLC,          
Sr. Unsec’d. Notes 3.950 05/15/50   625 501,021
Sr. Unsec’d. Notes 4.600 03/15/48   500 440,576
     
 
29

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Pipelines (cont’d.)
     
Western Midstream Operating LP,
Sr. Unsec’d. Notes
5.300 % 03/01/48   320  $270,792
Williams Cos., Inc. (The),          
Sr. Unsec’d. Notes 4.000 09/15/25   350 342,769
Sr. Unsec’d. Notes 4.300 03/04/24   325 322,375
Sr. Unsec’d. Notes 5.300 08/15/52   50 46,908
Sr. Unsec’d. Notes 5.400 03/04/44   400 377,389
          24,180,958
Real Estate 0.3%
Ontario Teachers’ Cadillac Fairview Properties Trust (Canada),
Sr. Unsec’d. Notes, 144A
4.125 02/01/29   4,190 3,901,494
Real Estate Investment Trusts (REITs) 1.5%
Alexandria Real Estate Equities, Inc.,          
Gtd. Notes 2.000 05/18/32   1,645 1,267,191
Gtd. Notes 4.750 04/15/35   425 404,584
     
 
Brixmor Operating Partnership LP,
Sr. Unsec’d. Notes
4.050 07/01/30   3,665 3,306,679
Corporate Office Properties LP,
Gtd. Notes
2.900 12/01/33   1,400 974,236
CubeSmart LP,
Gtd. Notes
2.250 12/15/28   3,360 2,914,700
Healthpeak OP LLC,
Gtd. Notes
2.875 01/15/31   630 546,550
Invitation Homes Operating Partnership LP,
Gtd. Notes
2.300 11/15/28   1,500 1,278,047
Prologis LP,
Sr. Unsec’d. Notes
1.250 10/15/30   2,765 2,186,436
Realty Income Corp.,          
Sr. Unsec’d. Notes 1.800 03/15/33   325 242,637
Sr. Unsec’d. Notes 3.250 01/15/31   985 875,333
     
 
Simon Property Group LP,
Sr. Unsec’d. Notes
2.000 09/13/24   2,300 2,200,656
Sun Communities Operating LP,
Gtd. Notes
2.300 11/01/28   4,585 3,929,458
30

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Real Estate Investment Trusts (REITs) (cont’d.)
Welltower OP LLC,          
Gtd. Notes 2.700 % 02/15/27   775  $710,385
Gtd. Notes 3.625 03/15/24   1,500 1,473,843
          22,310,735
Retail 0.2%
Alimentation Couche-Tard, Inc. (Canada),
Gtd. Notes, 144A
3.550 07/26/27   940 889,105
AutoZone, Inc.,
Sr. Unsec’d. Notes
1.650 01/15/31   620 496,537
Falabella SA (Chile),
Sr. Unsec’d. Notes, 144A
4.375 01/27/25   1,700 1,644,006
          3,029,648
Semiconductors 0.6%
Broadcom, Inc.,          
Sr. Unsec’d. Notes, 144A 3.137 11/15/35   287 222,238
Sr. Unsec’d. Notes, 144A 3.187 11/15/36   1,000 761,603
Sr. Unsec’d. Notes, 144A 3.419 04/15/33   4,847 4,078,750
     
 
Intel Corp.,
Sr. Unsec’d. Notes
5.900 02/10/63   295 303,731
Microchip Technology, Inc.,
Sr. Unsec’d. Notes
2.670 09/01/23   4,000 3,959,346
          9,325,668
Software 0.5%
Microsoft Corp.,          
Sr. Unsec’d. Notes 2.525 06/01/50   191 135,499
Sr. Unsec’d. Notes 3.041 03/17/62   335 252,285
     
 
Oracle Corp.,
Sr. Unsec’d. Notes
4.900 02/06/33   2,540 2,497,925
Roper Technologies, Inc.,
Sr. Unsec’d. Notes
1.400 09/15/27   1,390 1,217,147
ServiceNow, Inc.,
Sr. Unsec’d. Notes
1.400 09/01/30   1,655 1,334,191
Workday, Inc.,
Sr. Unsec’d. Notes(a)
3.800 04/01/32   2,435 2,222,796
          7,659,843
31

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Telecommunications 1.1%
AT&T, Inc.,          
Sr. Unsec’d. Notes 2.550 % 12/01/33   58  $46,663
Sr. Unsec’d. Notes 3.500 09/15/53   3,114 2,229,847
Sr. Unsec’d. Notes 3.650 09/15/59   1,717 1,214,175
Sr. Unsec’d. Notes 3.800 12/01/57   1,128 827,727
Sr. Unsec’d. Notes 4.300 02/15/30   170 165,040
Sr. Unsec’d. Notes 4.500 05/15/35   205 192,883
     
 
Level 3 Financing, Inc.,
Sr. Sec’d. Notes, 144A
3.400 03/01/27   1,500 1,173,046
T-Mobile USA, Inc.,          
Gtd. Notes 2.550 02/15/31   1,635 1,390,828
Gtd. Notes 3.000 02/15/41   640 475,590
Gtd. Notes 3.750 04/15/27   970 934,656
Gtd. Notes 3.875 04/15/30   4,780 4,503,498
Gtd. Notes 4.375 04/15/40   380 340,496
     
 
Verizon Communications, Inc.,
Sr. Unsec’d. Notes
2.550 03/21/31   4,065 3,461,964
          16,956,413
Transportation 0.1%
Burlington Northern Santa Fe LLC,
Sr. Unsec’d. Notes
3.050 02/15/51   910 661,618
Canadian Pacific Railway Co. (Canada),
Gtd. Notes
3.500 05/01/50   1,585 1,231,366
          1,892,984
Water 0.1%
American Water Capital Corp.,          
Sr. Unsec’d. Notes 3.750 09/01/47   25 20,453
Sr. Unsec’d. Notes 4.000 12/01/46   145 120,295
     
 
Essential Utilities, Inc.,
Sr. Unsec’d. Notes
2.704 04/15/30   1,380 1,198,706
          1,339,454
     
 
Total Corporate Bonds
(cost $518,253,641)
459,412,765
32

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Municipal Bonds 0.3%
Alabama 0.0%
Alabama Economic Settlement Authority,
Taxable, Revenue Bonds, Series B
4.263 % 09/15/32   40  $38,531
California 0.0%
City of Los Angeles Department of Airports,
Taxable, Revenue Bonds, BABs
6.582 05/15/39   285 321,038
University of California,          
Taxable, Revenue Bonds, Series AP 3.931 05/15/45   30 28,087
Taxable, Revenue Bonds, Series J 4.131 05/15/45   30 27,923
          377,048
New Jersey 0.0%
New Jersey Turnpike Authority,
Taxable, Revenue Bonds, BABs, Series A
7.102 01/01/41   250 313,132
Pennsylvania 0.1%
Pennsylvania State University (The),
Taxable, Revenue Bonds, Series D
2.840 09/01/50   745 538,965
Pennsylvania Turnpike Commission,          
Revenue Bonds, BABs 6.105 12/01/39   70 80,149
Revenue Bonds, BABs, Series B 5.511 12/01/45   150 164,042
          783,156
Texas 0.2%
City of San Antonio Electric & Gas Systems Revenue,
Revenue Bonds, BABs
5.985 02/01/39   775 873,669
Grand Parkway Transportation Corp.,
Taxable, Revenue Bonds, Series E
5.184 10/01/42   775 804,135
Permanent University Fund - University of Texas System,
Taxable, Revenue Bonds, Series A
3.376 07/01/47   555 455,609
Texas Private Activity Bond Surface Transportation Corp.,
Taxable, Revenue Bonds, Series B
3.922 12/31/49   340 287,800
          2,421,213
Virginia 0.0%
University of Virginia,
Taxable, Revenue Bonds, Series C
4.179 09/01/2117   130 108,381
     
 
Total Municipal Bonds
(cost $4,797,532)
4,041,461
33

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Residential Mortgage-Backed Securities 4.9%
Alternative Loan Trust,
Series 2003-J03, Class 2A1
6.250 % 12/25/33   1  $1,437
BCAP LLC Trust,
Series 2011-RR04, Class 7A1, 144A
5.250 04/26/37   111 69,143
Bellemeade Re Ltd.,          
Series 2021-01A, Class M1A, 144A, 30 Day Average SOFR + 1.750% (Cap N/A, Floor 1.750%) 6.565(c) 03/25/31   358 357,411
Series 2021-03A, Class A2, 144A, 30 Day Average SOFR + 1.000% (Cap N/A, Floor 1.000%) 5.815(c) 09/25/31   2,200 2,141,749
Series 2021-03A, Class M1A, 144A, 30 Day Average SOFR + 1.000% (Cap N/A, Floor 1.000%) 5.815(c) 09/25/31   1,188 1,178,260
Series 2022-01, Class M1A, 144A, 30 Day Average SOFR + 1.750% (Cap N/A, Floor 1.750%) 6.565(c) 01/26/32   3,810 3,796,771
     
 
Connecticut Avenue Securities Trust,
Series 2022-R01, Class 1M2, 144A, 30 Day Average SOFR + 1.900% (Cap N/A, Floor 0.000%)
6.715(c) 12/25/41   2,120 2,053,155
Credit Suisse First Boston Mortgage Securities Corp.,
Series 2003-08, Class 5A1
6.500 04/25/33   1 827
Credit Suisse Mortgage Trust,
Series 2020-RPL06, Class A1, 144A
2.688(cc) 03/25/59   945 918,796
Eagle Re Ltd.,          
Series 2019-01, Class M1B, 144A, 1 Month LIBOR + 1.800% (Cap N/A, Floor 0.000%) 6.820(c) 04/25/29   90 90,089
Series 2021-02, Class M1A, 144A, 30 Day Average SOFR + 1.550% (Cap N/A, Floor 1.550%) 6.365(c) 04/25/34   3,967 3,956,482
Fannie Mae REMIC,          
Series 2012-134, Class ZC 2.500 12/25/42   2,733 2,166,717
Series 2014-11, Class VB 4.500 04/25/42   500 499,141
Series 2017-66, Class BD 3.000 09/25/47   1,962 1,808,602
Series 2020-24, Class SP, IO, 1 Month LIBOR x (1) + 6.050% (Cap 6.050%, Floor 0.000%) 1.030(c) 04/25/50   1,294 165,627
FHLMC Structured Agency Credit Risk REMIC Trust,          
Series 2021-DNA03, Class M2, 144A, 30 Day Average SOFR + 2.100% (Cap N/A, Floor 0.000%) 6.915(c) 10/25/33   2,885 2,809,516
Series 2021-DNA05, Class M2, 144A, 30 Day Average SOFR + 1.650% (Cap N/A, Floor 0.000%) 6.465(c) 01/25/34   237 235,411
Series 2021-HQA03, Class M1, 144A, 30 Day Average SOFR + 0.850% (Cap N/A, Floor 0.000%) 5.665(c) 09/25/41   5,973 5,799,753
Series 2022-DNA01, Class M1A, 144A, 30 Day Average SOFR + 1.000% (Cap N/A, Floor 0.000%) 5.815(c) 01/25/42   1,791 1,760,863
     
 
FHLMC Structured Pass-Through Certificates,
Series T-59, Class 1A2
7.000 10/25/43   66 68,804
Freddie Mac REMIC,          
Series 4249, Class GW 3.500 10/15/41   851 814,538
34

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Residential Mortgage-Backed Securities (Continued)
Freddie Mac REMIC, (cont’d.)          
Series 4661, Class BV 3.500 % 12/15/36   414  $406,595
Series 4682, Class KZ 3.500 09/15/46   3,074 2,874,369
Series 4710, Class KZ 3.500 08/15/47   1,161 1,074,290
Series 4739, Class Z 3.500 11/15/47   764 709,778
Series 4772, Class ZK 4.500 12/15/47   389 379,720
Series 5019, Class IP, IO 3.000 10/25/50   885 134,177
Series 5021, Class SB, IO, 30 Day Average SOFR x (1) + 3.550% (Cap 3.550%, Floor 0.000%) 0.000(c) 10/25/50   3,828 152,339
Series 5202, Class TA 2.500 12/25/48   5,339 4,926,012
Series 5222, Class SA, IO, 30 Day Average SOFR x (1) + 3.500% (Cap 3.500%, Floor 0.000%) 0.000(c) 05/25/52   503 10,150
Government National Mortgage Assoc.,          
Series 2013-99, Class AX 3.000 07/20/43   608 551,275
Series 2015-124, Class VZ 3.500 09/20/45   5,214 4,866,533
Series 2016-46, Class JE 2.500 11/20/45   152 140,320
Series 2018-07, Class GA 3.000 02/20/47   198 189,071
Series 2019-23, Class AE 3.500 02/20/49   1,952 1,854,411
Series 2021-165, Class ST, IO, 1 Month LIBOR x (1) + 3.360% (Cap 0.020%, Floor 0.000%) 0.000(c) 01/20/50   756 325
Series 2022-051, Class SC, IO, 30 Day Average SOFR x (1) + 3.500% (Cap 3.500%, Floor 0.000%) 0.000(c) 03/20/52   6,050 110,161
Series 2022-078, Class MS, IO, 30 Day Average SOFR x (1) + 3.600% (Cap 3.600%, Floor 0.000%) 0.000(c) 04/20/52   5,287 92,096
Series 2022-078, Class SB, IO, 30 Day Average SOFR x (1) + 3.750% (Cap 3.750%, Floor 0.000%) 0.000(c) 04/20/52   3,522 75,075
Series 2022-112, Class CM 3.000 06/20/52   2,851 2,259,847
Series 2022-126, Class CS, IO, 30 Day Average SOFR x (1) + 3.760% (Cap 3.760%, Floor 0.000%) 0.000(c) 07/20/52   7,147 147,059
Series 2022-148, Class DS, IO, 30 Day Average SOFR x (1) + 3.600% (Cap 3.600%, Floor 0.000%) 0.000(c) 08/20/52   2,661 56,936
     
 
Home Re Ltd.,
Series 2019-01, Class M1, 144A, 1 Month LIBOR + 1.650% (Cap N/A, Floor 0.000%)
6.670(c) 05/25/29   61 60,670
Legacy Mortgage Asset Trust,          
Series 2019-PR01, Class A1, 144A 6.858(cc) 09/25/59   1,797 1,769,550
Series 2020-GS01, Class A1, 144A 5.882(cc) 10/25/59   716 714,016
Series 2021-GS01, Class A1, 144A 1.892 10/25/66   298 281,061
     
 
MFA Trust,
Series 2021-RPL01, Class A1, 144A
1.131(cc) 07/25/60   2,527 2,257,370
Mill City Mortgage Loan Trust,          
Series 2017-03, Class A1, 144A 2.750(cc) 01/25/61   94 91,233
Series 2018-01, Class A1, 144A 3.250(cc) 05/25/62   145 140,059
     
 
35

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Residential Mortgage-Backed Securities (Continued)
     
New Residential Mortgage Loan Trust,
Series 2018-04A, Class A1S, 144A, 1 Month LIBOR + 0.750% (Cap N/A, Floor 0.750%)
5.770 %(c) 01/25/48   66  $63,987
Oaktown Re VII Ltd.,
Series 2021-02, Class M1A, 144A, 30 Day Average SOFR + 1.600% (Cap N/A, Floor 1.600%)
6.415(c) 04/25/34   4,100 4,060,451
OBX Trust,
Series 2018-01, Class A2, 144A, 1 Month LIBOR + 0.650% (Cap N/A, Floor 0.000%)
5.670(c) 06/25/57   147 138,574
PMT Credit Risk Transfer Trust,          
Series 2021-01R, Class A, 144A, 1 Month LIBOR + 2.900% (Cap N/A, Floor 2.900%) 7.918(c) 02/27/24   2,289 2,227,531
Series 2023-1R, Class A, 144A, 30 Day Average SOFR + 4.400% (Cap N/A, Floor 0.000%) 9.224(c) 03/27/25   2,764 2,749,700
     
 
Seasoned Credit Risk Transfer Trust,
Series 2019-02, Class MA
3.500 08/25/58   669 640,005
Sequoia Mortgage Trust,
Series 10, Class 2A1, 1 Month LIBOR + 0.760% (Cap 11.750%, Floor 0.760%)
5.713(c) 10/20/27   13 12,601
Structured Asset Mortgage Investments II Trust,
Series 2005-AR05, Class A1, 1 Month LIBOR + 0.500% (Cap 11.000%, Floor 0.500%)
5.451(c) 07/19/35   16 14,235
Towd Point Mortgage Trust,          
Series 2017-05, Class A1, 144A, 1 Month LIBOR + 0.600% (Cap N/A, Floor 0.000%) 4.331(c) 02/25/57   132 131,502
Series 2018-01, Class A1, 144A 3.000(cc) 01/25/58   232 225,329
Series 2019-HY03, Class A1A, 144A, 1 Month LIBOR + 1.000% (Cap N/A, Floor 1.000%) 6.020(c) 10/25/59   159 156,698
Series 2020-04, Class A1, 144A 1.750 10/25/60   687 602,318
Series 2021-SJ01, Class A1, 144A 2.250(cc) 07/25/68   2,061 1,930,968
Series 2021-SJ02, Class A1A, 144A 2.250(cc) 12/25/61   3,449 3,183,818
Washington Mutual Mortgage Pass-Through Certificates
Trust,
         
Series 2002-AR06, Class A, Federal Reserve US 12 Month Cumulative Avg 1 Year CMT + 1.400% (Cap N/A, Floor 1.400%) 4.865(c) 06/25/42   22 19,930
Series 2002-AR09, Class 1A, Federal Reserve US 12 Month Cumulative Avg 1 Year CMT + 1.400% (Cap N/A, Floor 1.400%) 4.865(c) 08/25/42   2 1,700
Series 2005-AR13, Class A1A1, 1 Month LIBOR + 0.580% (Cap 10.500%, Floor 0.580%) 5.600(c) 10/25/45   188 174,367
     
 
Total Residential Mortgage-Backed Securities
(cost $76,816,573)
73,351,304
36

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds 0.5%
Abu Dhabi Government International Bond (United Arab Emirates),
Sr. Unsec’d. Notes, 144A
3.125 % 10/11/27   840  $810,758
Bermuda Government International Bond (Bermuda),          
Sr. Unsec’d. Notes, 144A 2.375 08/20/30   555 474,629
Sr. Unsec’d. Notes, 144A 3.375 08/20/50   450 320,625
     
 
Export-Import Bank of India (India),
Sr. Unsec’d. Notes, 144A
3.875 02/01/28   290 275,710
Indonesia Government International Bond (Indonesia),
Sr. Unsec’d. Notes
3.500 01/11/28   1,420 1,367,460
Japan Finance Organization for Municipalities (Japan),          
Sr. Unsec’d. Notes, 144A, MTN 1.750 09/05/24   200 192,548
Sr. Unsec’d. Notes, 144A, MTN 2.125 10/25/23   200 197,064
Sr. Unsec’d. Notes, 144A, MTN 3.000 03/12/24   400 395,090
     
 
Mexico Government International Bond (Mexico),
Sr. Unsec’d. Notes
3.500 02/12/34   970 830,138
Panama Government International Bond (Panama),
Sr. Unsec’d. Notes
4.500 04/16/50   200 156,225
Peruvian Government International Bond (Peru),
Sr. Unsec’d. Notes
2.783 01/23/31   701 606,935
Province of Alberta (Canada),          
Sr. Unsec’d. Notes 1.300 07/22/30   185 154,515
Sr. Unsec’d. Notes 3.300 03/15/28   110 107,176
     
 
Province of Manitoba (Canada),
Sr. Unsec’d. Notes
2.125 06/22/26   100 94,512
Province of Quebec (Canada),
Unsec’d. Notes, Series A, MTN
7.140(c) 02/27/26   45 48,257
Qatar Government International Bond (Qatar),
Sr. Unsec’d. Notes, 144A
5.103 04/23/48   370 379,319
Tokyo Metropolitan Government (Japan),
Sr. Unsec’d. Notes, 144A
3.250 06/01/23   200 199,656
Uruguay Government International Bond (Uruguay),          
Sr. Unsec’d. Notes 4.975 04/20/55   540 542,295
Sr. Unsec’d. Notes 5.100 06/18/50   60 61,455
     
 
Total Sovereign Bonds
(cost $8,043,826)
7,214,367
U.S. Government Agency Obligations 25.2%
Federal Home Loan Mortgage Corp. 1.500 11/01/50   1,867 1,476,386
Federal Home Loan Mortgage Corp. 2.000 01/01/32   316 291,641
Federal Home Loan Mortgage Corp. 2.000 02/01/36   904 818,341
Federal Home Loan Mortgage Corp. 2.000 10/01/40   402 343,691
Federal Home Loan Mortgage Corp. 2.000 09/01/50   12,858 10,734,704
Federal Home Loan Mortgage Corp. 2.000 12/01/50   1,976 1,649,456
37

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
U.S. Government Agency Obligations (Continued)
Federal Home Loan Mortgage Corp. 2.000 % 03/01/51   2,559  $2,134,730
Federal Home Loan Mortgage Corp. 2.000 04/01/51   105 87,833
Federal Home Loan Mortgage Corp. 2.000 05/01/51   928 774,096
Federal Home Loan Mortgage Corp. 2.000 07/01/51   1,098 915,381
Federal Home Loan Mortgage Corp. 2.000 09/01/51   474 396,373
Federal Home Loan Mortgage Corp. 2.000 09/01/51   995 829,746
Federal Home Loan Mortgage Corp. 2.500 01/01/29   174 166,369
Federal Home Loan Mortgage Corp. 2.500 07/01/31   307 289,764
Federal Home Loan Mortgage Corp. 2.500 01/01/32   164 154,569
Federal Home Loan Mortgage Corp. 2.500 10/01/32   381 357,466
Federal Home Loan Mortgage Corp. 2.500 12/01/32   673 632,263
Federal Home Loan Mortgage Corp. 2.500 09/01/46   160 141,270
Federal Home Loan Mortgage Corp. 2.500 11/01/46   502 442,812
Federal Home Loan Mortgage Corp. 2.500 11/01/49   842 735,605
Federal Home Loan Mortgage Corp. 2.500 03/01/51   1,040 912,097
Federal Home Loan Mortgage Corp. 2.500 04/01/51   11,273 9,770,847
Federal Home Loan Mortgage Corp. 2.500 07/01/51   477 413,755
Federal Home Loan Mortgage Corp. 2.500 08/01/51   954 826,740
Federal Home Loan Mortgage Corp. 2.500 09/01/51   2,474 2,144,757
Federal Home Loan Mortgage Corp. 2.500 09/01/51   6,009 5,208,428
Federal Home Loan Mortgage Corp. 2.500 10/01/51   79 68,154
Federal Home Loan Mortgage Corp. 2.500 10/01/51   345 301,130
Federal Home Loan Mortgage Corp. 2.500 12/01/51   3,301 2,859,304
Federal Home Loan Mortgage Corp. 2.500 01/01/52   205 177,853
Federal Home Loan Mortgage Corp. 2.500 01/01/52   501 434,175
Federal Home Loan Mortgage Corp. 3.000 02/01/32   640 614,308
Federal Home Loan Mortgage Corp. 3.000 01/01/37   143 134,678
Federal Home Loan Mortgage Corp. 3.000 12/01/37   58 54,580
Federal Home Loan Mortgage Corp. 3.000 06/01/43   1,439 1,326,213
Federal Home Loan Mortgage Corp. 3.000 07/01/43   247 228,036
Federal Home Loan Mortgage Corp. 3.000 06/01/46   406 373,936
Federal Home Loan Mortgage Corp. 3.000 12/01/46   377 345,881
Federal Home Loan Mortgage Corp. 3.000 01/01/47   422 387,286
Federal Home Loan Mortgage Corp. 3.000 02/01/50   2,556 2,318,300
Federal Home Loan Mortgage Corp. 3.000 06/01/50   612 554,147
Federal Home Loan Mortgage Corp. 3.000 03/01/51   4,000 3,595,559
Federal Home Loan Mortgage Corp. 3.000 04/01/52   4,273 3,839,532
Federal Home Loan Mortgage Corp. 3.000 05/01/52   3,099 2,784,425
Federal Home Loan Mortgage Corp. 3.000 06/01/52   479 430,119
Federal Home Loan Mortgage Corp. 3.000 06/01/52   495 444,596
Federal Home Loan Mortgage Corp. 3.500 11/01/37   131 126,164
Federal Home Loan Mortgage Corp. 3.500 06/01/42   180 172,165
Federal Home Loan Mortgage Corp. 3.500 06/01/42   198 188,796
Federal Home Loan Mortgage Corp. 3.500 07/01/42   189 180,785
Federal Home Loan Mortgage Corp. 3.500 09/01/42   232 221,383
38

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
U.S. Government Agency Obligations (Continued)
Federal Home Loan Mortgage Corp. 3.500 % 10/01/42   288  $274,761
Federal Home Loan Mortgage Corp. 3.500 06/01/43   121 115,082
Federal Home Loan Mortgage Corp. 3.500 05/01/45   156 147,957
Federal Home Loan Mortgage Corp. 3.500 01/01/47   115 109,304
Federal Home Loan Mortgage Corp. 3.500 02/01/47   260 247,314
Federal Home Loan Mortgage Corp. 3.500 11/01/47   174 164,151
Federal Home Loan Mortgage Corp. 3.500 08/01/48   70 65,882
Federal Home Loan Mortgage Corp. 3.500 10/01/48   271 254,464
Federal Home Loan Mortgage Corp. 3.500 01/01/52   162 151,007
Federal Home Loan Mortgage Corp. 3.500 04/01/52   44 41,141
Federal Home Loan Mortgage Corp. 3.500 04/01/52   1,472 1,367,999
Federal Home Loan Mortgage Corp. 3.500 05/01/52   494 458,643
Federal Home Loan Mortgage Corp. 3.500 06/01/52   4,869 4,524,850
Federal Home Loan Mortgage Corp. 3.500 07/01/52   1,477 1,372,972
Federal Home Loan Mortgage Corp. 4.000 11/01/37   1,846 1,813,388
Federal Home Loan Mortgage Corp. 4.000 12/01/40   52 50,784
Federal Home Loan Mortgage Corp. 4.000 01/01/41   201 196,146
Federal Home Loan Mortgage Corp. 4.000 04/01/42   196 191,832
Federal Home Loan Mortgage Corp. 4.000 10/01/45   101 98,252
Federal Home Loan Mortgage Corp. 4.000 02/01/46   1,509 1,476,004
Federal Home Loan Mortgage Corp. 4.000 05/01/46   91 88,858
Federal Home Loan Mortgage Corp. 4.000 08/01/46   131 127,738
Federal Home Loan Mortgage Corp. 4.000 11/01/47   89 87,206
Federal Home Loan Mortgage Corp. 4.000 04/01/48   141 136,648
Federal Home Loan Mortgage Corp. 4.000 05/01/48   148 143,473
Federal Home Loan Mortgage Corp. 4.000 07/01/48   263 255,463
Federal Home Loan Mortgage Corp. 4.000 07/01/49   410 400,720
Federal Home Loan Mortgage Corp. 4.000 04/01/52   1,858 1,794,795
Federal Home Loan Mortgage Corp. 4.500 06/01/42   65 64,843
Federal Home Loan Mortgage Corp. 4.500 09/01/44   82 81,458
Federal Home Loan Mortgage Corp. 4.500 07/01/45   212 212,622
Federal Home Loan Mortgage Corp. 4.500 04/01/47   787 783,764
Federal Home Loan Mortgage Corp. 4.500 07/01/47   85 83,963
Federal Home Loan Mortgage Corp. 4.500 07/01/47   190 189,452
Federal Home Loan Mortgage Corp. 4.500 11/01/47   343 341,506
Federal Home Loan Mortgage Corp. 4.500 02/01/48   111 110,111
Federal Home Loan Mortgage Corp. 4.500 07/01/48   223 221,752
Federal Home Loan Mortgage Corp. 4.500 05/01/52   473 462,747
Federal Home Loan Mortgage Corp. 4.500 07/01/52   977 955,344
Federal Home Loan Mortgage Corp. 4.500 09/01/52   238 232,734
Federal Home Loan Mortgage Corp. 4.500 09/01/52   475 464,100
Federal Home Loan Mortgage Corp. 4.500 04/01/53   2,000 1,954,954
Federal Home Loan Mortgage Corp. 5.000 08/01/40   185 188,371
Federal Home Loan Mortgage Corp. 5.000 12/01/47   142 141,865
Federal Home Loan Mortgage Corp. 5.000 02/01/48   236 239,324
39

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
U.S. Government Agency Obligations (Continued)
Federal Home Loan Mortgage Corp. 5.000 % 10/01/52   4,979  $4,950,250
Federal Home Loan Mortgage Corp. 5.000 11/01/52   498 495,397
Federal Home Loan Mortgage Corp. 6.250 07/15/32   155 185,035
Federal Home Loan Mortgage Corp., 30 Day Average SOFR + 2.341% (Cap 10.174%, Floor 2.341%) 5.174(c) 02/01/53   1,617 1,625,922
Federal National Mortgage Assoc.,          
Enterprise 11th District COFI Institutional Replacement Index + 1.254% (Cap 12.750%, Floor 5.750%) 5.750(c) 12/01/30   —(r) 293
Enterprise 11th District COFI Institutional Replacement Index + 2.000% (Cap 9.375%, Floor 2.000%) 3.250(c) 08/01/24   2 1,870
     
 
Federal National Mortgage Assoc. 0.875 08/05/30   1,180 969,436
Federal National Mortgage Assoc. 1.500 01/01/36   2,433 2,140,583
Federal National Mortgage Assoc. 1.500 02/01/42   471 388,188
Federal National Mortgage Assoc. 1.500 10/01/50   391 309,268
Federal National Mortgage Assoc. 1.500 11/01/50   1,103 869,862
Federal National Mortgage Assoc. 1.500 12/01/50   8,365 6,599,246
Federal National Mortgage Assoc. 1.500 01/01/51   849 670,004
Federal National Mortgage Assoc. 1.500 07/01/51   837 659,859
Federal National Mortgage Assoc. 1.625 01/07/25   675 645,380
Federal National Mortgage Assoc. 2.000 08/01/40   2,054 1,760,906
Federal National Mortgage Assoc. 2.000 02/01/41   1,950 1,662,015
Federal National Mortgage Assoc. 2.000 05/01/41   3,862 3,311,621
Federal National Mortgage Assoc. 2.000 10/01/50   12,716 10,625,774
Federal National Mortgage Assoc. 2.000 11/01/50   387 322,978
Federal National Mortgage Assoc. 2.000 12/01/50   41 34,370
Federal National Mortgage Assoc. 2.000 01/01/51   1,942 1,620,865
Federal National Mortgage Assoc. 2.000 01/01/51   3,204 2,698,834
Federal National Mortgage Assoc. 2.000 02/01/51   3,965 3,309,216
Federal National Mortgage Assoc. 2.000 03/01/51   5,870 4,897,543
Federal National Mortgage Assoc. 2.000 04/01/51   691 576,523
Federal National Mortgage Assoc. 2.000 05/01/51   13,133 10,955,182
Federal National Mortgage Assoc. 2.000 08/01/51   2,954 2,463,563
Federal National Mortgage Assoc. 2.000 10/01/51   6,726 5,605,909
Federal National Mortgage Assoc. 2.000 11/01/51   2,710 2,253,890
Federal National Mortgage Assoc.(k) 2.500 02/05/24   425 417,157
Federal National Mortgage Assoc. 2.500 05/01/30   210 198,852
Federal National Mortgage Assoc. 2.500 04/01/31   597 564,811
Federal National Mortgage Assoc. 2.500 11/01/31   160 150,670
Federal National Mortgage Assoc. 2.500 02/01/43   70 61,311
Federal National Mortgage Assoc. 2.500 06/01/46   353 307,664
Federal National Mortgage Assoc. 2.500 09/01/46   169 148,584
Federal National Mortgage Assoc. 2.500 10/01/46   105 92,689
Federal National Mortgage Assoc. 2.500 10/01/46   184 161,709
40

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
U.S. Government Agency Obligations (Continued)
     
Federal National Mortgage Assoc. 2.500 % 03/01/50   668  $582,319
Federal National Mortgage Assoc. 2.500 08/01/50   4,395 3,812,173
Federal National Mortgage Assoc. 2.500 11/01/50   3,220 2,825,030
Federal National Mortgage Assoc. 2.500 12/01/50   296 259,590
Federal National Mortgage Assoc. 2.500 01/01/51   689 604,516
Federal National Mortgage Assoc. 2.500 04/01/51   5,613 4,858,115
Federal National Mortgage Assoc. 2.500 08/01/51   3,359 2,908,930
Federal National Mortgage Assoc. 2.500 09/01/51   496 429,477
Federal National Mortgage Assoc. 2.500 10/01/51   895 775,534
Federal National Mortgage Assoc. 2.500 12/01/51   560 487,820
Federal National Mortgage Assoc. 2.500 12/01/51   953 826,067
Federal National Mortgage Assoc. 2.500 01/01/52   987 855,499
Federal National Mortgage Assoc. 2.500 02/01/52   481 416,689
Federal National Mortgage Assoc. 2.500 02/01/52   943 822,504
Federal National Mortgage Assoc. 2.500 03/01/52   1,963 1,700,492
Federal National Mortgage Assoc. 2.500 04/01/52   487 422,354
Federal National Mortgage Assoc. 2.500 05/01/52   494 427,775
Federal National Mortgage Assoc. 2.500 05/01/52   1,483 1,284,849
Federal National Mortgage Assoc. 2.500 09/01/52   5,006 4,336,243
Federal National Mortgage Assoc. 3.000 06/01/30   116 111,853
Federal National Mortgage Assoc. 3.000 05/01/31   46 44,006
Federal National Mortgage Assoc. 3.000 12/01/31   127 121,730
Federal National Mortgage Assoc. 3.000 05/01/32   137 131,086
Federal National Mortgage Assoc. 3.000 09/01/32   55 52,276
Federal National Mortgage Assoc. 3.000 11/01/36   103 96,255
Federal National Mortgage Assoc. 3.000 10/01/42   138 126,909
Federal National Mortgage Assoc. 3.000 10/01/42   201 185,090
Federal National Mortgage Assoc. 3.000 02/01/43   190 175,321
Federal National Mortgage Assoc. 3.000 04/01/43   242 223,087
Federal National Mortgage Assoc. 3.000 06/01/43   301 277,560
Federal National Mortgage Assoc. 3.000 12/01/45   437 402,042
Federal National Mortgage Assoc. 3.000 05/01/46   548 503,934
Federal National Mortgage Assoc. 3.000 09/01/46   563 518,495
Federal National Mortgage Assoc. 3.000 10/01/46   1,701 1,560,639
Federal National Mortgage Assoc. 3.000 11/01/46   628 577,945
Federal National Mortgage Assoc. 3.000 11/01/46   1,337 1,225,386
Federal National Mortgage Assoc. 3.000 03/01/47   457 418,746
Federal National Mortgage Assoc. 3.000 04/01/47   966 883,037
Federal National Mortgage Assoc. 3.000 12/01/49   2,322 2,105,946
Federal National Mortgage Assoc. 3.000 01/01/50   949 859,800
Federal National Mortgage Assoc. 3.000 02/01/50   883 801,268
Federal National Mortgage Assoc. 3.000 02/01/50   1,738 1,575,033
Federal National Mortgage Assoc. 3.000 03/01/50   415 376,251
Federal National Mortgage Assoc. 3.000 06/01/50   870 787,342
Federal National Mortgage Assoc. 3.000 06/01/51   1,757 1,580,629
41

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
U.S. Government Agency Obligations (Continued)
     
Federal National Mortgage Assoc. 3.000 % 01/01/52   2,637  $2,385,720
Federal National Mortgage Assoc. 3.000 02/01/52   490 440,744
Federal National Mortgage Assoc. 3.000 02/01/52   1,898 1,705,895
Federal National Mortgage Assoc. 3.000 02/01/52   9,574 8,611,870
Federal National Mortgage Assoc. 3.000 03/01/52   3,759 3,394,448
Federal National Mortgage Assoc. 3.000 04/01/52   1,895 1,709,784
Federal National Mortgage Assoc. 3.000 06/01/52   986 887,404
Federal National Mortgage Assoc. 3.000 06/01/52   3,033 2,725,938
Federal National Mortgage Assoc. 3.500 12/01/29   63 61,228
Federal National Mortgage Assoc. 3.500 12/01/30   64 62,167
Federal National Mortgage Assoc. 3.500 07/01/31   316 306,714
Federal National Mortgage Assoc. 3.500 08/01/31   263 256,154
Federal National Mortgage Assoc. 3.500 02/01/33   114 111,223
Federal National Mortgage Assoc. 3.500 05/01/33   46 44,502
Federal National Mortgage Assoc. 3.500 10/01/41   73 69,695
Federal National Mortgage Assoc. 3.500 04/01/42   164 156,161
Federal National Mortgage Assoc. 3.500 05/01/42   164 156,307
Federal National Mortgage Assoc. 3.500 05/01/42   1,042 993,789
Federal National Mortgage Assoc. 3.500 06/01/42   430 410,328
Federal National Mortgage Assoc. 3.500 10/01/42   257 244,788
Federal National Mortgage Assoc. 3.500 10/01/42   274 261,714
Federal National Mortgage Assoc. 3.500 10/01/42   527 502,722
Federal National Mortgage Assoc. 3.500 06/01/43   140 133,658
Federal National Mortgage Assoc. 3.500 06/01/45   157 148,008
Federal National Mortgage Assoc. 3.500 06/01/45   249 234,718
Federal National Mortgage Assoc. 3.500 09/01/45   228 215,922
Federal National Mortgage Assoc. 3.500 10/01/45   244 230,289
Federal National Mortgage Assoc. 3.500 01/01/46   76 72,162
Federal National Mortgage Assoc. 3.500 01/01/46   204 192,340
Federal National Mortgage Assoc. 3.500 04/01/46   2,170 2,049,207
Federal National Mortgage Assoc. 3.500 11/01/46   101 95,199
Federal National Mortgage Assoc. 3.500 06/01/47   353 333,175
Federal National Mortgage Assoc. 3.500 07/01/47   225 212,003
Federal National Mortgage Assoc. 3.500 07/01/47   1,054 1,005,281
Federal National Mortgage Assoc. 3.500 08/01/47   165 155,611
Federal National Mortgage Assoc. 3.500 09/01/47   279 263,268
Federal National Mortgage Assoc. 3.500 10/01/47   979 923,774
Federal National Mortgage Assoc. 3.500 11/01/47   904 852,635
Federal National Mortgage Assoc. 3.500 01/01/48   165 155,076
Federal National Mortgage Assoc. 3.500 01/01/48   257 242,209
Federal National Mortgage Assoc. 3.500 01/01/48   3,332 3,143,591
Federal National Mortgage Assoc. 3.500 04/01/48   450 424,554
Federal National Mortgage Assoc. 3.500 06/01/48   682 642,496
Federal National Mortgage Assoc. 3.500 08/01/48   354 333,255
Federal National Mortgage Assoc. 3.500 10/01/48   244 229,360
42

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
U.S. Government Agency Obligations (Continued)
     
Federal National Mortgage Assoc. 3.500 % 11/01/48   178  $168,397
Federal National Mortgage Assoc. 3.500 03/01/49   809 763,206
Federal National Mortgage Assoc. 3.500 06/01/49   332 313,077
Federal National Mortgage Assoc. 3.500 08/01/51   46 42,791
Federal National Mortgage Assoc. 3.500 02/01/52   497 462,356
Federal National Mortgage Assoc. 3.500 02/01/52   500 465,185
Federal National Mortgage Assoc. 3.500 05/01/52   1,382 1,284,617
Federal National Mortgage Assoc. 3.500 05/01/52   6,159 5,723,800
Federal National Mortgage Assoc. 4.000 09/01/40   129 126,176
Federal National Mortgage Assoc. 4.000 11/01/40   516 505,238
Federal National Mortgage Assoc. 4.000 02/01/41   215 210,167
Federal National Mortgage Assoc. 4.000 02/01/41   330 322,742
Federal National Mortgage Assoc. 4.000 12/01/41   221 215,935
Federal National Mortgage Assoc. 4.000 10/01/43   174 171,593
Federal National Mortgage Assoc. 4.000 09/01/44   93 91,060
Federal National Mortgage Assoc. 4.000 10/01/44   225 219,328
Federal National Mortgage Assoc. 4.000 12/01/45   79 76,533
Federal National Mortgage Assoc. 4.000 04/01/46   73 70,922
Federal National Mortgage Assoc. 4.000 08/01/46   122 118,443
Federal National Mortgage Assoc. 4.000 09/01/46   910 894,451
Federal National Mortgage Assoc. 4.000 02/01/47   357 347,940
Federal National Mortgage Assoc. 4.000 03/01/47   480 465,288
Federal National Mortgage Assoc. 4.000 06/01/47   278 270,166
Federal National Mortgage Assoc. 4.000 10/01/47   88 85,997
Federal National Mortgage Assoc. 4.000 11/01/47   173 168,090
Federal National Mortgage Assoc. 4.000 12/01/47   179 174,546
Federal National Mortgage Assoc. 4.000 02/01/48   170 163,630
Federal National Mortgage Assoc. 4.000 09/01/48   1,336 1,296,632
Federal National Mortgage Assoc. 4.000 10/01/48   261 254,660
Federal National Mortgage Assoc. 4.000 03/01/49   685 665,186
Federal National Mortgage Assoc. 4.000 03/01/49   1,055 1,024,357
Federal National Mortgage Assoc. 4.000 07/01/49   222 213,571
Federal National Mortgage Assoc. 4.000 05/01/52   1,447 1,383,497
Federal National Mortgage Assoc. 4.000 12/01/52   7,000 6,691,353
Federal National Mortgage Assoc. 4.500 08/01/40   61 60,914
Federal National Mortgage Assoc. 4.500 04/01/41   73 73,115
Federal National Mortgage Assoc. 4.500 06/01/41   167 168,164
Federal National Mortgage Assoc. 4.500 08/01/41   85 85,805
Federal National Mortgage Assoc. 4.500 08/01/41   236 236,844
Federal National Mortgage Assoc. 4.500 08/01/44   206 204,581
Federal National Mortgage Assoc. 4.500 01/01/45   111 111,200
Federal National Mortgage Assoc. 4.500 11/01/47   125 124,031
Federal National Mortgage Assoc. 4.500 06/01/48   178 176,935
Federal National Mortgage Assoc. 4.500 07/01/48   1,504 1,495,846
Federal National Mortgage Assoc. 4.500 12/01/48   143 141,925
43

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
U.S. Government Agency Obligations (Continued)
     
Federal National Mortgage Assoc. 4.500 % 02/01/49   46  $45,551
Federal National Mortgage Assoc. 4.500 09/01/52   262 256,431
Federal National Mortgage Assoc. 5.000 09/01/30   13 13,682
Federal National Mortgage Assoc. 5.000 10/01/40   109 111,007
Federal National Mortgage Assoc. 5.000 03/01/42   202 205,219
Federal National Mortgage Assoc. 5.000 10/01/47   175 176,514
Federal National Mortgage Assoc. 5.000 01/01/48   40 40,648
Federal National Mortgage Assoc. 5.000 06/01/49   988 996,822
Federal National Mortgage Assoc. 5.000 07/01/52   7,885 7,842,973
Federal National Mortgage Assoc. 5.000 08/01/52   1,419 1,411,703
Federal National Mortgage Assoc. 5.500 TBA   5,000 5,041,016
Federal National Mortgage Assoc. 5.500 01/01/40   100 103,419
Federal National Mortgage Assoc. 6.000 10/01/36   55 57,775
Federal National Mortgage Assoc. 6.000 07/01/41   62 64,152
Federal National Mortgage Assoc.(k) 6.625 11/15/30   485 577,240
Federal National Mortgage Assoc.(k) 7.125 01/15/30   80 96,241
Government National Mortgage Assoc. 2.000 03/20/51   1,141 980,298
Government National Mortgage Assoc. 2.000 07/20/51   463 397,890
Government National Mortgage Assoc. 2.500 12/20/46   257 230,332
Government National Mortgage Assoc. 2.500 05/20/51   1,166 1,032,685
Government National Mortgage Assoc. 2.500 08/20/51   3,396 3,004,014
Government National Mortgage Assoc. 2.500 10/20/51   830 733,540
Government National Mortgage Assoc. 2.500 11/20/51   444 392,618
Government National Mortgage Assoc. 2.500 12/20/51   6,346 5,606,465
Government National Mortgage Assoc. 2.500 03/20/52   7,175 6,339,720
Government National Mortgage Assoc. 2.500 05/20/52   4,112 3,633,416
Government National Mortgage Assoc. 3.000 07/20/42   389 361,978
Government National Mortgage Assoc. 3.000 03/20/43   261 243,908
Government National Mortgage Assoc. 3.000 08/20/43   49 46,195
Government National Mortgage Assoc. 3.000 09/20/43   97 90,206
Government National Mortgage Assoc. 3.000 01/20/44   91 84,846
Government National Mortgage Assoc. 3.000 05/20/45   93 86,467
Government National Mortgage Assoc. 3.000 08/15/45   111 102,410
Government National Mortgage Assoc. 3.000 05/20/46   571 530,077
Government National Mortgage Assoc. 3.000 07/20/46   909 843,945
Government National Mortgage Assoc. 3.000 08/20/46   50 46,095
Government National Mortgage Assoc. 3.000 10/20/46   284 263,883
Government National Mortgage Assoc. 3.000 03/20/47   591 547,442
Government National Mortgage Assoc. 3.000 01/20/48   75 69,235
Government National Mortgage Assoc. 3.000 08/20/48   1,266 1,168,718
Government National Mortgage Assoc. 3.000 07/20/49   426 392,168
Government National Mortgage Assoc. 3.000 09/20/49   526 484,643
Government National Mortgage Assoc. 3.000 12/20/49   582 536,101
Government National Mortgage Assoc. 3.000 01/20/50   2,688 2,475,248
Government National Mortgage Assoc. 3.000 02/20/50   119 109,459
44

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
U.S. Government Agency Obligations (Continued)
     
Government National Mortgage Assoc. 3.000 % 09/20/50   348  $320,430
Government National Mortgage Assoc. 3.000 10/20/51   487 445,576
Government National Mortgage Assoc. 3.000 11/20/51   906 827,865
Government National Mortgage Assoc. 3.000 02/20/52   483 440,686
Government National Mortgage Assoc. 3.000 04/20/52   950 867,094
Government National Mortgage Assoc.(h) 3.000 06/20/52   15,822 14,434,805
Government National Mortgage Assoc. 3.000 07/20/52   980 894,381
Government National Mortgage Assoc. 3.500 01/15/42   64 62,429
Government National Mortgage Assoc. 3.500 12/20/42   187 179,134
Government National Mortgage Assoc. 3.500 01/20/43   278 266,598
Government National Mortgage Assoc. 3.500 02/20/43   124 118,696
Government National Mortgage Assoc. 3.500 08/20/43   445 426,875
Government National Mortgage Assoc. 3.500 10/20/43   590 565,610
Government National Mortgage Assoc. 3.500 03/20/45   61 58,150
Government National Mortgage Assoc. 3.500 04/20/45   344 327,841
Government National Mortgage Assoc. 3.500 04/20/46   655 623,811
Government National Mortgage Assoc. 3.500 07/20/46   405 385,653
Government National Mortgage Assoc. 3.500 10/20/46   790 752,687
Government National Mortgage Assoc. 3.500 12/20/46   784 746,394
Government National Mortgage Assoc. 3.500 05/20/47   441 419,535
Government National Mortgage Assoc. 3.500 10/20/47   151 143,319
Government National Mortgage Assoc. 3.500 11/20/47   780 742,041
Government National Mortgage Assoc. 3.500 01/20/48   212 201,992
Government National Mortgage Assoc. 3.500 10/20/48   128 121,551
Government National Mortgage Assoc. 3.500 11/20/48   252 238,856
Government National Mortgage Assoc. 3.500 12/20/48   92 87,397
Government National Mortgage Assoc. 3.500 02/20/49   213 202,555
Government National Mortgage Assoc. 3.500 05/20/49   341 322,719
Government National Mortgage Assoc. 3.500 06/20/49   294 278,630
Government National Mortgage Assoc. 4.000 TBA   7,000 6,730,117
Government National Mortgage Assoc. 4.000 12/20/40   145 142,737
Government National Mortgage Assoc. 4.000 06/20/41   60 59,575
Government National Mortgage Assoc. 4.000 11/15/41   84 82,782
Government National Mortgage Assoc. 4.000 12/20/42   149 147,387
Government National Mortgage Assoc. 4.000 04/20/43   100 98,214
Government National Mortgage Assoc. 4.000 10/20/43   84 82,896
Government National Mortgage Assoc. 4.000 12/20/43   186 183,122
Government National Mortgage Assoc. 4.000 09/20/44   108 106,102
Government National Mortgage Assoc. 4.000 08/20/45   178 174,024
Government National Mortgage Assoc. 4.000 10/20/45   83 81,394
Government National Mortgage Assoc. 4.000 03/20/46   163 159,589
Government National Mortgage Assoc. 4.000 11/20/46   119 116,148
Government National Mortgage Assoc. 4.000 03/20/47   106 102,834
Government National Mortgage Assoc. 4.000 05/20/47   167 163,101
Government National Mortgage Assoc. 4.000 07/20/47   667 649,919
45

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
U.S. Government Agency Obligations (Continued)
     
Government National Mortgage Assoc. 4.000 % 11/20/47   451  $440,002
Government National Mortgage Assoc. 4.000 12/20/47   105 102,496
Government National Mortgage Assoc. 4.000 06/20/48   1,457 1,412,962
Government National Mortgage Assoc. 4.000 07/20/48   202 196,711
Government National Mortgage Assoc. 4.000 08/20/48   71 68,942
Government National Mortgage Assoc. 4.000 09/20/48   179 173,699
Government National Mortgage Assoc. 4.000 11/20/48   75 72,675
Government National Mortgage Assoc. 4.000 01/20/49   90 86,676
Government National Mortgage Assoc. 4.000 02/20/49   184 178,587
Government National Mortgage Assoc. 4.000 03/20/49   114 110,863
Government National Mortgage Assoc. 4.500 TBA(tt)   12,000 11,773,125
Government National Mortgage Assoc. 4.500 12/20/41   311 316,748
Government National Mortgage Assoc. 4.500 10/20/43   45 45,558
Government National Mortgage Assoc. 4.500 01/20/44   60 60,914
Government National Mortgage Assoc. 4.500 04/20/44   204 205,645
Government National Mortgage Assoc. 4.500 03/20/45   49 49,416
Government National Mortgage Assoc. 4.500 07/20/46   97 97,377
Government National Mortgage Assoc. 4.500 08/20/46   88 88,341
Government National Mortgage Assoc. 4.500 11/20/46   77 77,648
Government National Mortgage Assoc. 4.500 01/20/47   503 505,882
Government National Mortgage Assoc. 4.500 01/20/48   64 63,984
Government National Mortgage Assoc. 4.500 02/20/48   413 411,194
Government National Mortgage Assoc. 4.500 03/20/48   43 43,218
Government National Mortgage Assoc. 4.500 07/20/48   69 68,555
Government National Mortgage Assoc. 4.500 08/20/48   27 26,300
Government National Mortgage Assoc. 4.500 12/20/48   130 127,545
Government National Mortgage Assoc. 4.500 07/20/52   1,685 1,654,982
Government National Mortgage Assoc. 5.000 10/20/37   6 6,208
Government National Mortgage Assoc. 5.000 09/20/40   59 61,044
Government National Mortgage Assoc. 5.000 04/20/45   33 33,574
Government National Mortgage Assoc. 5.000 08/20/45   118 120,454
Government National Mortgage Assoc. 5.500 09/20/52   722 727,413
Government National Mortgage Assoc. 5.500 11/20/52   4,927 4,961,332
Government National Mortgage Assoc. 6.000 12/15/39   83 87,038
Tennessee Valley Authority, Sr. Unsec’d. Notes 1.500 09/15/31   645 530,653
     
 
Total U.S. Government Agency Obligations
(cost $406,404,338)
380,330,023
U.S. Treasury Obligations 5.2%
U.S. Treasury Bonds 1.375 11/15/40   4,345 3,005,518
U.S. Treasury Bonds 2.000 11/15/41   6,795 5,148,274
U.S. Treasury Bonds(h)(k) 2.250 05/15/41   31,330 24,975,884
U.S. Treasury Bonds 2.375 02/15/42   18,960 15,298,350
U.S. Treasury Notes(k) 0.125 01/15/24   155 149,847
46

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
U.S. Treasury Obligations (Continued)
U.S. Treasury Strips Coupon 1.750 %(s) 08/15/42   415  $194,126
U.S. Treasury Strips Coupon 2.014(s) 11/15/41   1,195 578,268
U.S. Treasury Strips Coupon(k) 2.062(s) 05/15/41   34,830 17,289,830
U.S. Treasury Strips Coupon 2.324(s) 05/15/42   1,195 564,871
U.S. Treasury Strips Coupon 2.335(s) 08/15/44   1,620 697,486
U.S. Treasury Strips Coupon 2.340(s) 02/15/43   2,210 1,013,837
U.S. Treasury Strips Coupon 2.394(s) 11/15/43   2,087 928,797
U.S. Treasury Strips Coupon(k) 2.434(s) 11/15/42   16,395 7,587,171
U.S. Treasury Strips Coupon 2.434(s) 11/15/45   575 236,446
U.S. Treasury Strips Coupon(k) 2.436(s) 02/15/46   415 169,064
U.S. Treasury Strips Coupon 3.930(s) 02/15/41   1,400 703,938
     
 
Total U.S. Treasury Obligations
(cost $101,814,573)
78,541,707
 
Total Long-Term Investments
(cost $1,660,454,416)
1,511,304,277
    
      Shares  
Short-Term Investments 2.9%
Affiliated Mutual Funds           
PGIM Core Government Money Market Fund(wi)     30,763,926 30,763,926
PGIM Institutional Money Market Fund
(cost $12,988,648; includes $12,947,195 of cash collateral for securities on loan)(b)(wi)
    12,999,132 12,991,332
     
 
 
Total Short-Term Investments
(cost $43,752,574)
43,755,258
     
 
TOTAL INVESTMENTS, BEFORE OPTION WRITTEN103.0%
(cost $1,704,206,990)
        1,555,059,535
Option Written*~ (0.0)%
(premiums received $0) (225)
 
TOTAL INVESTMENTS, NET OF OPTION WRITTEN103.0%
(cost $1,704,206,990)
1,555,059,310
Liabilities in excess of other assets(z) (3.0)% (44,989,677)
 
Net Assets 100.0% $1,510,069,633
47

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)

Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
    
EUR Euro
    
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
Aces Alternative Credit Enhancements Securities
BABs Build America Bonds
BARC Barclays Bank PLC
BNP BNP Paribas S.A.
CBOE Chicago Board Options Exchange
CDX Credit Derivative Index
CLO Collateralized Loan Obligation
CMT Constant Maturity Treasury
COFI Cost of Funds Index
DAC Designated Activity Company
FHLMC Federal Home Loan Mortgage Corporation
GMTN Global Medium Term Note
GSI Goldman Sachs International
IO Interest Only (Principal amount represents notional)
JPM JPMorgan Chase Bank N.A.
LIBOR London Interbank Offered Rate
LP Limited Partnership
M Monthly payment frequency for swaps
MTN Medium Term Note
OTC Over-the-counter
PJSC Public Joint-Stock Company
Q Quarterly payment frequency for swaps
REITs Real Estate Investment Trust
REMIC Real Estate Mortgage Investment Conduit
SOFR Secured Overnight Financing Rate
STRIPs Separate Trading of Registered Interest and Principal of Securities
T Swap payment upon termination
TBA To Be Announced
USOIS United States Overnight Index Swap
    
* 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. Excludes centrally cleared swaptions.
^ Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $6,864 and 0.0% of net assets.
(a) All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $12,787,160; cash collateral of $12,947,195 (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.
(c) Variable rate instrument. The interest rate shown reflects the rate in effect at April 30, 2023.
(cc) Variable rate instrument. The rate shown is based on the latest available information as of April 30, 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.
48

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
(ff) Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end.
(h) Represents security, or a portion thereof, segregated as collateral for OTC derivatives.
(k) Represents security, or a portion thereof, segregated as collateral for centrally cleared/exchange-traded derivatives.
(oo) Perpetual security. Maturity date represents next call date.
(r) Principal or notional amount is less than $500 par.
(s) Represents zero coupon bond or principal only security. Rate represents yield to maturity at purchase date.
(tt) All or partial principal amount represents “TBA” mortgage dollar rolls. The aggregate mortgage dollar roll principal amount of $12,000,000 is 0.8% of net assets.
(wi) PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Core Government Money Market Fund and PGIM Institutional Money Market Fund, if applicable.
(z) Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments:
Forward Commitment Contract:                      
U.S. Government Agency Obligation   Interest
Rate
  Maturity
Date
  Settlement
Date
  Principal
Amount
(000)#
  Value
Federal National Mortgage Assoc.
(proceeds receivable $2,218,457)
  3.000%   TBA   06/13/23     $(2,500)  $(2,248,242)  
Option Written:
OTC Swaptions
Description   Call/
Put
  Counterparty   Expiration
Date
  Strike   Receive   Pay   Notional
Amount
(000)#
  Value
GS_21-PJA^   Put   GSI   06/17/24   0.25%   0.25%(M)   GS_21-PJA(M)     13,790    $(225)
(premiums received $0)                      
Futures contracts outstanding at April 30, 2023:
Number
of
Contracts
  Type   Expiration
Date
  Current
Notional
Amount
  Value /
Unrealized
Appreciation
(Depreciation)
Long Positions:
283   2 Year U.S. Treasury Notes   Jun. 2023    $58,344,430    $523,553
918   5 Year U.S. Treasury Notes   Jun. 2023   100,743,330   1,413,208
670   10 Year U.S. Treasury Notes   Jun. 2023   77,186,097   772,395
105   30 Year U.S. Ultra Treasury Bonds   Jun. 2023   14,847,656   571,804
                3,280,960
Short Positions:
391   10 Year U.S. Ultra Treasury Notes   Jun. 2023   47,488,174   (1,613,017)
842   20 Year U.S. Treasury Bonds   Jun. 2023   110,854,563   (3,415,506)
                (5,028,523)
                $(1,747,563)
49

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Credit default swap agreement outstanding at April 30, 2023:
Reference
Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Implied
Credit
Spread at
April 30,
2023(4)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Credit Default Swap Agreement on asset-backed and/or mortgage-backed securities - Sell Protection(2)^:
GS_21-PJA   05/14/23   0.500%(M)     8,812   *    $7,089   $(952)   $8,041   GSI
    
Reference
Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1):
U.S. Treasury Notes   12/20/27   0.250%(Q)   EUR 875    $20,296    $4,752    $15,544   BARC
U.S. Treasury Notes   12/20/32   0.250%(Q)   EUR 445   13,017   5,362   7,655   BNP
                    $33,313   $10,114   $23,199    
    
Reference
Entity/
Obligation
Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Value at
Trade Date
  Value at
April 30,
2023
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Credit Default Swap Agreement on credit indices - Buy Protection(1):
CDX.NA.IG.40.V1 06/20/28   1.000%(Q)     44,912   $(329,803)   $(557,316)   $(227,513)
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.
50

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
(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 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.
* When an implied credit spread is not available, reference the fair value of credit default swap agreements on credit indices and asset-backed securities. Where the Fund is the seller of protection, it serves as an indicator of the current status of the payment/performance risk and represents the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the reporting date. Increasing fair value in absolute terms, when compared to the notional amount of the swap, represents 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 April 30, 2023:
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
April 30,
2023
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements:
  10,388   03/08/25   4.946%(A)   1 Day SOFR(2)(A)/ 4.810%    $—    $146,765    $146,765
  13,356   03/09/25   5.110%(A)   1 Day SOFR(2)(A)/ 4.810%     230,659   230,659
  30,246   03/10/25   5.088%(A)   1 Day SOFR(2)(A)/ 4.810%     509,272   509,272
                    $—   $886,696   $886,696
    
(1) The Fund pays the fixed rate and receives the floating rate.
(2) The Fund pays the floating rate and receives the fixed rate.
    
Total return swap agreements outstanding at April 30, 2023:
Reference Entity   Financing
Rate
  Counterparty   Termination
Date
  Long (Short)
Notional
Amount
(000)#(1)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)(2)
OTC Total Return Swap Agreements:
Total Return Benchmark Bond Index(T)   1 Day USOIS -54 bps(T)/ 4.290%   JPM   09/20/23   (8,262)    $(125,100)    $—    $(125,100)
U.S. Treasury Bond(T)   1 Day USOIS +11 bps(T)/ 4.940%   JPM   05/02/23   17,605   (300,232)     (300,232)
51

PGIM Core Bond Fund
Schedule of Investments as of April 30, 2023 (unaudited) (continued)
Total return swap agreements outstanding at April 30, 2023 (continued):
Reference Entity   Financing
Rate
  Counterparty   Termination
Date
  Long (Short)
Notional
Amount
(000)#(1)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)(2)
OTC Total Return Swap Agreements (cont’d.):
U.S. Treasury Bond(T)   1 Day USOIS +10 bps(T)/ 4.930%   GSI   05/08/23   33,340    $(2,553)    $—    $(2,553)
U.S. Treasury Bond(T)   1 Day USOIS +11 bps(T)/ 4.940%   JPM   06/02/23   19,925   896,260     896,260
U.S. Treasury Bond(T)   1 Day USOIS +15 bps(T)/ 4.980%   JPM   06/29/23   27,370   313,974     313,974
U.S. Treasury Bond(T)   1 Day USOIS +14 bps(T)/ 4.970%   GSI   07/10/23   40,595   (734,327)     (734,327)
U.S. Treasury Bond(T)   1 Day USOIS +16 bps(T)/ 4.990%   GSI   08/01/23   22,845   43,558     43,558
                    $91,580   $—   $91,580
(1) On a long total return swap, the Fund receives payments for any positive return on the reference entity (makes payments for any negative return) and pays the financing rate. On a short total return swap, the Fund makes payments for any positive return on the reference entity (receives payments for any negative return) and receives the financing rate.
(2) Upfront/recurring fees or commissions, as applicable, are included in the net unrealized appreciation (depreciation).
 Other information regarding the Fund is available in the Fund’s most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
52