PGIM Jennison Global Equity Income Fund
Schedule of Investments as of January 31, 2023 (unaudited)
Description | Shares | Value | |||
Long-Term Investments 99.2% | |||||
Common Stocks 97.4% | |||||
Australia 1.9% | |||||
APA Group, UTS | 1,032,834 | $7,729,639 | |||
Transurban Group, UTS | 826,370 | 8,101,852 | |||
15,831,491 | |||||
Canada 8.0% | |||||
BCE, Inc. | 323,919 | 15,312,844 | |||
Canadian National Railway Co. | 79,505 | 9,468,251 | |||
Enbridge, Inc. | 596,567 | 24,426,719 | |||
Pembina Pipeline Corp. | 311,801 | 11,063,188 | |||
TC Energy Corp. | 114,635 | 4,939,329 | |||
65,210,331 | |||||
France 13.4% | |||||
AXA SA | 1,175,811 | 36,684,157 | |||
Cie Generale des Etablissements Michelin SCA | 514,629 | 16,272,476 | |||
Orange SA | 848,550 | 8,979,998 | |||
Sanofi | 181,757 | 17,798,459 | |||
TotalEnergies SE, ADR(a) | 321,798 | 19,964,348 | |||
Vinci SA | 91,039 | 10,286,458 | |||
109,985,896 | |||||
Netherlands 0.7% | |||||
Akzo Nobel NV | 79,891 | 5,950,682 | |||
South Korea 1.0% | |||||
Samsung Electronics Co. Ltd. | 160,114 | 7,975,319 | |||
Spain 2.9% | |||||
Iberdrola SA | 2,001,744 | 23,484,003 | |||
Iberdrola SA (original cost $383,922; purchased 01/06/23)*(f) | 33,528 | 393,346 | |||
23,877,349 | |||||
Switzerland 4.6% | |||||
Zurich Insurance Group AG | 76,918 | 38,038,176 | |||
United Kingdom 10.0% | |||||
AstraZeneca PLC, ADR | 265,920 | 17,383,191 | |||
Linde PLC | 91,845 | 30,395,184 |
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PGIM Jennison Global Equity Income Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
United Kingdom (cont’d.) | |||||
National Grid PLC | 1,762,826 | $22,410,644 | |||
Reckitt Benckiser Group PLC | 169,629 | 12,087,922 | |||
82,276,941 | |||||
United States 54.9% | |||||
AbbVie, Inc. | 257,512 | 38,047,398 | |||
Alexandria Real Estate Equities, Inc., REIT | 59,426 | 9,552,135 | |||
American Electric Power Co., Inc. | 82,878 | 7,787,217 | |||
Apple, Inc. | 149,360 | 21,551,154 | |||
Bristol-Myers Squibb Co. | 218,876 | 15,901,341 | |||
Caterpillar, Inc.(a) | 49,860 | 12,579,179 | |||
Corning, Inc. | 259,072 | 8,966,482 | |||
Deere & Co. | 41,107 | 17,381,684 | |||
Dow, Inc. | 147,376 | 8,746,766 | |||
Exelon Corp. | 223,004 | 9,408,539 | |||
Gaming & Leisure Properties, Inc., REIT | 207,643 | 11,121,359 | |||
Gateway Energy & Resource Holdings LLC Private Placement, 144A (original cost $2,000,000; purchased 12/14/07)*^(f) | 100,000 | 181,450 | |||
Johnson Controls International PLC | 279,836 | 19,468,191 | |||
JPMorgan Chase & Co. | 202,026 | 28,275,559 | |||
Lam Research Corp. | 17,288 | 8,645,729 | |||
McDonald’s Corp. | 51,976 | 13,898,382 | |||
MetLife, Inc. | 424,138 | 30,970,557 | |||
Microsoft Corp. | 32,889 | 8,150,223 | |||
PepsiCo, Inc. | 117,426 | 20,082,194 | |||
PNC Financial Services Group, Inc. (The) | 94,798 | 15,682,433 | |||
Procter & Gamble Co. (The) | 125,663 | 17,891,898 | |||
Prologis, Inc., REIT | 213,585 | 27,612,269 | |||
QUALCOMM, Inc. | 91,295 | 12,161,407 | |||
Republic Services, Inc. | 63,016 | 7,865,657 | |||
Texas Instruments, Inc. | 124,840 | 22,122,896 | |||
Truist Financial Corp. | 269,251 | 13,298,307 | |||
Union Pacific Corp. | 48,804 | 9,965,289 | |||
United Parcel Service, Inc. (Class B Stock) | 54,400 | 10,076,512 | |||
Walmart, Inc. | 99,083 | 14,255,071 | |||
Williams Cos., Inc. (The) | 297,215 | 9,582,212 | |||
451,229,490 | |||||
Total Common Stocks (cost $622,955,511) | 800,375,675 |
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PGIM Jennison Global Equity Income Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Shares | Value | |||
Preferred Stocks 1.8% | |||||
United States | |||||
Aptiv PLC, Series A, CVT, 5.500%, Maturing 06/15/23 | 67,581 | $8,514,530 | |||
Danaher Corp., Series B, CVT, 5.000%, Maturing 04/15/23(a) | 4,872 | 6,547,968 | |||
Total Preferred Stocks (cost $11,630,100) | 15,062,498 | ||||
Total Long-Term Investments (cost $634,585,611) | 815,438,173 | ||||
Short-Term Investments 3.3% | |||||
Affiliated Mutual Fund 2.9% | |||||
PGIM Institutional Money Market Fund (cost $24,379,351; includes $24,336,904 of cash collateral for securities on loan)(b)(we) | 24,390,856 | 24,385,978 | |||
Unaffiliated Fund 0.4% | |||||
Dreyfus Government Cash Management (Institutional Shares) (cost $3,126,619) | 3,126,619 | 3,126,619 | |||
Total Short-Term Investments (cost $27,505,970) | 27,512,597 | ||||
TOTAL INVESTMENTS 102.5% (cost $662,091,581) | 842,950,770 | ||||
Liabilities in excess of other assets (2.5)% | (20,877,035) | ||||
Net Assets 100.0% | $822,073,735 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: |
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. | |
ADR—American Depositary Receipt | |
CVT—Convertible Security | |
REITs—Real Estate Investment Trust | |
UTS—Unit Trust Security |
* | Non-income producing security. |
^ | Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $181,450 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 $23,727,694; cash collateral of $24,336,904 (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. |
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PGIM Jennison Global Equity Income Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
(f) | Indicates a restricted security that is acquired in unregistered, private sales from the issuing company or from an affiliate of the issuer and is considered restricted as to disposition under federal securities law; the aggregate original cost of such securities is $2,383,922. The aggregate value of $574,796 is 0.1% of net assets. |
(we) | PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Institutional Money Market Fund. |
Other information regarding the Fund is available in the Fund’s most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
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