PGIM Global Real Estate Fund
Schedule of Investments as of January 31, 2020 (unaudited)
Description | Shares | Value | |||
Long-Term Investments 100.0% | |||||
Common Stocks | |||||
Australia 3.8% | |||||
Dexus, REIT | 3,159,952 | $26,735,458 | |||
Goodman Group, REIT | 2,407,243 | 23,903,479 | |||
Ingenia Communities Group, REIT | 3,565,748 | 11,367,323 | |||
62,006,260 | |||||
Belgium 0.8% | |||||
Aedifica SA | 76,362 | 10,326,473 | |||
Shurgard Self Storage SA | 85,404 | 3,110,008 | |||
13,436,481 | |||||
Canada 4.2% | |||||
Canadian Apartment Properties REIT | 578,663 | 24,748,622 | |||
InterRent Real Estate Investment Trust, REIT | 1,299,805 | 16,520,115 | |||
Summit Industrial Income REIT, (XTSE) | 2,838,831 | 27,693,296 | |||
68,962,033 | |||||
Finland 1.4% | |||||
Kojamo OYJ | 1,197,507 | 22,060,454 | |||
France 1.3% | |||||
Gecina SA, REIT | 110,424 | 20,813,832 | |||
Germany 4.0% | |||||
alstria office REIT-AG | 525,845 | 10,431,260 | |||
Deutsche Wohnen SE | 131,003 | 5,537,034 | |||
TLG Immobilien AG | 221,018 | 7,555,833 | |||
Vonovia SE | 734,662 | 41,949,125 | |||
65,473,252 | |||||
Hong Kong 5.3% | |||||
CK Asset Holdings Ltd. | 765,841 | 4,917,486 | |||
Henderson Land Development Co. Ltd. | 1,732,031 | 7,747,986 | |||
Link REIT | 3,274,987 | 33,028,509 | |||
New World Development Co. Ltd. | 7,812,145 | 9,685,868 | |||
Sun Hung Kai Properties Ltd. | 1,794,071 | 24,802,648 | |||
Swire Properties Ltd. | 2,017,573 | 6,245,745 | |||
86,428,242 |
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PGIM Global Real Estate Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks(Continued) | |||||
Ireland 0.3% | |||||
Hibernia REIT PLC | 2,696,732 | $4,099,510 | |||
Japan 12.4% | |||||
Activia Properties, Inc., REIT | 3,143 | 16,720,618 | |||
Daiwa Office Investment Corp., REIT | 1,769 | 14,188,932 | |||
Invincible Investment Corp., REIT | 4,007 | 2,025,689 | |||
Japan Hotel REIT Investment Corp. | 3,746 | 2,524,488 | |||
Japan Real Estate Investment Corp., REIT | 1,817 | 13,257,871 | |||
Kenedix Retail REIT Corp. | 4,502 | 11,141,971 | |||
LaSalle Logiport REIT | 7,756 | 12,526,813 | |||
Mitsubishi Estate Co. Ltd. | 990,968 | 19,393,123 | |||
Mitsui Fudosan Co. Ltd. | 1,590,735 | 42,219,279 | |||
Mitsui Fudosan Logistics Park, Inc., REIT | 1,698 | 8,222,752 | |||
Nippon Building Fund, Inc., REIT | 3,095 | 25,078,141 | |||
Nippon Prologis REIT, Inc. | 3,300 | 9,489,614 | |||
Sumitomo Realty & Development Co. Ltd. | 411,932 | 15,178,615 | |||
Tokyu Fudosan Holdings Corp. | 1,469,116 | 10,387,457 | |||
202,355,363 | |||||
Netherlands 1.5% | |||||
InterXion Holding NV* | 167,608 | 14,586,924 | |||
NSI NV | 183,888 | 10,031,503 | |||
24,618,427 | |||||
Singapore 2.6% | |||||
City Developments Ltd. | 483,457 | 3,724,696 | |||
Frasers Centrepoint Trust, REIT | 6,579,133 | 13,866,639 | |||
Keppel REIT | 12,824,695 | 11,372,777 | |||
Mapletree Logistics Trust, REIT | 10,309,723 | 13,874,238 | |||
42,838,350 | |||||
Spain 1.1% | |||||
Inmobiliaria Colonial Socimi SA, REIT | 1,303,787 | 17,442,295 | |||
Sweden 2.0% | |||||
Fabege AB | 1,423,750 | 24,388,241 | |||
Hufvudstaden AB (Class A Stock) | 424,170 | 8,403,228 | |||
32,791,469 | |||||
Switzerland 0.8% | |||||
PSP Swiss Property AG | 88,613 | 13,404,600 |
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PGIM Global Real Estate Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks(Continued) | |||||
United Kingdom 6.1% | |||||
Big Yellow Group PLC, REIT | 517,034 | $8,026,635 | |||
Derwent London PLC, REIT | 326,108 | 17,666,457 | |||
Great Portland Estates PLC, REIT | 631,197 | 7,768,565 | |||
Primary Health Properties PLC, REIT | 1,968,298 | 4,087,521 | |||
Segro PLC, REIT | 2,778,622 | 33,404,523 | |||
Tritax Big Box REIT PLC | 1,841,741 | 3,397,197 | |||
Tritax EuroBox PLC, REIT, 144A | 3,977,224 | 4,718,008 | |||
UNITE Group PLC (The), REIT | 1,260,664 | 21,160,431 | |||
100,229,337 | |||||
United States 52.4% | |||||
Alexandria Real Estate Equities, Inc., REIT | 77,989 | 12,727,805 | |||
American Assets Trust, Inc., REIT | 564,923 | 25,737,892 | |||
American Homes 4 Rent (Class A Stock), REIT | 422,123 | 11,536,622 | |||
Americold Realty Trust, REIT | 136,544 | 4,706,672 | |||
Apple Hospitality REIT, Inc. | 1,079,577 | 16,215,247 | |||
AvalonBay Communities, Inc., REIT | 230,116 | 49,863,836 | |||
Boston Properties, Inc., REIT | 200,337 | 28,718,309 | |||
Camden Property Trust, REIT | 284,226 | 31,955,529 | |||
Cousins Properties, Inc., REIT | 634,955 | 25,988,708 | |||
CyrusOne, Inc., REIT | 107,147 | 6,519,895 | |||
Digital Realty Trust, Inc., REIT(a) | 39,470 | 4,854,415 | |||
Duke Realty Corp., REIT | 194,391 | 7,058,337 | |||
Equinix, Inc., REIT | 7,548 | 4,451,282 | |||
Equity LifeStyle Properties, Inc., REIT | 730,548 | 53,147,367 | |||
Essential Properties Realty Trust, Inc., REIT | 1,476,268 | 40,759,759 | |||
Essex Property Trust, Inc., REIT | 105,291 | 32,614,940 | |||
Extra Space Storage, Inc., REIT | 76,694 | 8,488,492 | |||
First Industrial Realty Trust, Inc., REIT | 159,469 | 6,809,326 | |||
Global Medical REIT, Inc. | 679,177 | 9,915,984 | |||
Healthpeak Properties, Inc., REIT | 1,001,994 | 36,061,764 | |||
Host Hotels & Resorts, Inc., REIT | 718,085 | 11,733,509 | |||
Hudson Pacific Properties, Inc., REIT | 681,723 | 24,773,814 | |||
Invitation Homes, Inc., REIT | 2,058,889 | 64,793,237 | |||
JBG SMITH Properties, REIT | 253,846 | 10,293,455 | |||
Life Storage, Inc., REIT | 173,619 | 19,650,198 | |||
Medical Properties Trust, Inc., REIT | 1,837,664 | 40,704,258 | |||
MGM Growth Properties LLC (Class A Stock), REIT | 899,028 | 28,714,954 | |||
Park Hotels & Resorts, Inc., REIT | 236,576 | 5,190,477 | |||
Prologis, Inc., REIT | 931,421 | 86,510,382 | |||
Realty Income Corp., REIT | 442,255 | 34,677,215 | |||
Rexford Industrial Realty, Inc., REIT | 709,325 | 34,182,372 | |||
Simon Property Group, Inc., REIT | 52,488 | 6,988,777 | |||
Spirit Realty Capital, Inc., REIT | 409,851 | 21,631,936 |
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PGIM Global Real Estate Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks(Continued) | |||||
United States (cont’d.) | |||||
STAG Industrial, Inc., REIT | 182,294 | $5,877,159 | |||
VICI Properties, Inc., REIT | 428,705 | 11,489,294 | |||
Welltower, Inc., REIT | 379,415 | 32,216,128 | |||
857,559,346 | |||||
Total Long-Term Investments (cost $1,262,728,936) | 1,634,519,251 | ||||
Short-Term Investments 1.4% | |||||
Affiliated Mutual Funds | |||||
PGIM Core Ultra Short Bond Fund(w) | 18,408,415 | 18,408,415 | |||
PGIM Institutional Money Market Fund (cost $4,944,236; includes $4,941,094 of cash collateral for securities on loan)(b)(w) | 4,943,248 | 4,944,236 | |||
Total Short-Term Investments (cost $23,352,651) | 23,352,651 | ||||
TOTAL INVESTMENTS 101.4% (cost $1,286,081,587) | 1,657,871,902 | ||||
Liabilities in excess of other assets (1.4)% | (22,498,408) | ||||
Net Assets 100.0% | $1,635,373,494 |
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. | |
REITs—Real Estate Investment Trust | |
XTSE—Toronto Stock Exchange |
* | Non-income producing security. |
(a) | All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $4,720,356; cash collateral of $4,941,094 (included in liabilities) was received with which the Fund purchased highly liquid short-term investments. |
(b) | Represents security purchased with cash collateral received for securities on loan and includes dividend reinvestment. |
(w) | PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Core Ultra Short Bond Fund and 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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