PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited)
as of April 30, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Long-Term Investments 73.6% | |||||
Asset-Backed Securities 3.1% | |||||
Automobiles 0.6% | |||||
Ally Auto Receivables Trust, Series 2019-02, Class A3 | 2.230 % | 01/16/24 | 742 | $743,285 | |
CarMax Auto Owner Trust, | |||||
Series 2018-04, Class A3 | 3.360 | 09/15/23 | 733 | 734,821 | |
Series 2019-02, Class A3 | 2.680 | 03/15/24 | 928 | 930,599 | |
Series 2020-04, Class A3 | 0.500 | 08/15/25 | 2,400 | 2,353,623 | |
Fifth Third Auto Trust, Series 2019-01, Class A3 | 2.640 | 12/15/23 | 294 | 294,724 | |
Ford Credit Floorplan Master Owner Trust, Series 2019-03, Class A1 | 2.230 | 09/15/24 | 3,800 | 3,809,579 | |
GM Financial Consumer Automobile Receivables Trust, Series 2018-04, Class A3 | 3.210 | 10/16/23 | 225 | 224,813 | |
Honda Auto Receivables Owner Trust, Series 2019-02, Class A3 | 2.520 | 06/21/23 | 351 | 351,598 | |
Santander Retail Auto Lease Trust, Series 2020-B, Class A2, 144A | 0.420 | 11/20/23 | 3,562 | 3,551,255 | |
World Omni Auto Receivables Trust, | |||||
Series 2018-C, Class A3 | 3.130 | 11/15/23 | 318 | 318,333 | |
Series 2018-D, Class A3 | 3.330 | 04/15/24 | 1,153 | 1,157,031 | |
Series 2019-A, Class A3 | 3.040 | 05/15/24 | 317 | 318,146 | |
14,787,807 | |||||
Credit Cards 1.4% | |||||
American Express Credit Account Master Trust, Series 2019-03, Class A | 2.000 | 04/15/25 | 14,800 | 14,822,278 | |
BA Credit Card Trust, Series 2019-A01, Class A1 | 1.740 | 01/15/25 | 16,600 | 16,619,776 | |
31,442,054 | |||||
Home Equity Loans 0.8% | |||||
Accredited Mortgage Loan Trust, Series 2004-04, Class A2D, 1 Month LIBOR + 0.700% (Cap N/A, Floor 0.700%) | 1.368(c) | 01/25/35 | 797 | 777,998 | |
Ameriquest Mortgage Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2003-11, Class AV2, 1 Month LIBOR + 0.740% (Cap N/A, Floor 0.740%) | 1.408(c) | 12/25/33 | 174 | 169,648 |
1
PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Asset-Backed Securities (Continued) | |||||
Home Equity Loans (cont’d.) | |||||
Argent Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2003-W03, Class M2, 1 Month LIBOR + 2.700% (Cap N/A, Floor 2.700%) | 3.368 %(c) | 09/25/33 | 4,717 | $4,702,802 | |
Asset-Backed Funding Certificate Trust, | |||||
Series 2003-AHL01, Class A1 | 4.184(cc) | 03/25/33 | 169 | 163,786 | |
Series 2003-OPT01, Class A3, 1 Month LIBOR + 0.680% (Cap N/A, Floor 0.680%) | 1.348(c) | 04/25/33 | 580 | 555,105 | |
Series 2004-HE01, Class M1, 1 Month LIBOR + 0.900% (Cap N/A, Floor 0.900%) | 1.568(c) | 03/25/34 | 350 | 341,984 | |
Asset-Backed Securities Corp. Home Equity Loan Trust, Series 2003-HE06, Class A2, 1 Month LIBOR + 0.680% (Cap N/A, Floor 0.680%) | 1.348(c) | 11/25/33 | 170 | 167,060 | |
Bear Stearns Asset-Backed Securities Trust, Series 2003-03, Class M1, 1 Month LIBOR + 1.230% (Cap 11.000%, Floor 1.230%) | 1.898(c) | 06/25/43 | 220 | 221,168 | |
CDC Mortgage Capital Trust, Series 2003-HE03, Class M1, 1 Month LIBOR + 1.050% (Cap N/A, Floor 1.050%) | 1.718(c) | 11/25/33 | 880 | 866,290 | |
Equifirst Mortgage Loan Trust, Series 2003-01, Class M2, 1 Month LIBOR + 2.850% (Cap N/A, Floor 2.850%) | 3.518(c) | 12/25/32 | 19 | 19,446 | |
Home Equity Asset Trust, | |||||
Series 2002-03, Class M1, 1 Month LIBOR + 1.350% (Cap N/A, Floor 1.350%) | 2.018(c) | 02/25/33 | 275 | 272,412 | |
Series 2003-02, Class M1, 1 Month LIBOR + 1.320% (Cap N/A, Floor 1.320%) | 1.988(c) | 08/25/33 | 609 | 602,339 | |
Series 2003-03, Class M1, 1 Month LIBOR + 1.290% (Cap N/A, Floor 1.290%) | 1.958(c) | 08/25/33 | 533 | 527,396 | |
Series 2003-08, Class M1, 1 Month LIBOR + 1.080% (Cap N/A, Floor 1.080%) | 1.748(c) | 04/25/34 | 216 | 212,815 | |
MASTR Asset-Backed Securities Trust, Series 2004-OPT02, Class A2, 1 Month LIBOR + 0.700% (Cap N/A, Floor 0.700%) | 1.368(c) | 09/25/34 | 113 | 106,268 | |
Merrill Lynch Mortgage Investors Trust, | |||||
Series 2004-HE02, Class A1A, 1 Month LIBOR + 0.800% (Cap N/A, Floor 0.800%) | 1.468(c) | 08/25/35 | 45 | 43,614 | |
Series 2004-HE02, Class M1, 1 Month LIBOR + 1.200% (Cap N/A, Floor 1.200%) | 1.868(c) | 08/25/35 | 157 | 154,444 |
2
PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Asset-Backed Securities (Continued) | |||||
Home Equity Loans (cont’d.) | |||||
Morgan Stanley ABS Capital I, Inc. Trust, | |||||
Series 2003-NC05, Class M1, 1 Month LIBOR + 1.275% (Cap N/A, Floor 1.275%) | 1.943 %(c) | 04/25/33 | 478 | $476,265 | |
Series 2003-NC05, Class M3, 1 Month LIBOR + 3.450% (Cap N/A, Floor 3.450%) | 4.118(c) | 04/25/33 | 82 | 82,412 | |
Series 2003-NC08, Class M1, 1 Month LIBOR + 1.050% (Cap N/A, Floor 1.050%) | 1.718(c) | 09/25/33 | 584 | 576,993 | |
Series 2003-NC08, Class M2, 1 Month LIBOR + 2.625% (Cap N/A, Floor 2.625%) | 3.293(c) | 09/25/33 | 1 | 1,523 | |
Series 2003-NC10, Class M1, 1 Month LIBOR + 1.020% (Cap N/A, Floor 1.020%) | 1.688(c) | 10/25/33 | 97 | 96,299 | |
Series 2004-HE07, Class M1, 1 Month LIBOR + 0.900% (Cap N/A, Floor 0.900%) | 1.568(c) | 08/25/34 | 2,126 | 2,074,382 | |
New Century Home Equity Loan Trust, Series 2004-01, Class M1, 1 Month LIBOR + 0.885% (Cap 11.500%, Floor 0.885%) | 1.553(c) | 05/25/34 | 2,321 | 2,272,889 | |
Renaissance Home Equity Loan Trust, Series 2003-01, Class A, 1 Month LIBOR + 0.860% (Cap N/A, Floor 0.860%) | 1.528(c) | 06/25/33 | 233 | 219,075 | |
Residential Asset Securities Trust, Series 2004-KS05, Class AI5 | 4.532(cc) | 06/25/34 | 3,106 | 3,030,122 | |
Saxon Asset Securities Trust, Series 2003-03, Class M2, 1 Month LIBOR + 2.400% (Cap N/A, Floor 2.400%) | 3.068(c) | 12/25/33 | 19 | 17,943 | |
18,752,478 | |||||
Residential Mortgage-Backed Securities 0.3% | |||||
Ameriquest Mortgage Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2004-R05, Class M1, 1 Month LIBOR + 0.870% (Cap N/A, Floor 0.870%) | 1.538(c) | 07/25/34 | 213 | 211,003 | |
Amortizing Residential Collateral Trust, Series 2002-BC05, Class M2, 1 Month LIBOR + 1.800% (Cap N/A, Floor 1.800%) | 2.468(c) | 07/25/32 | 68 | 66,492 | |
Chase Funding Trust, | |||||
Series 2002-02, Class 2A1, 1 Month LIBOR + 0.500% (Cap N/A, Floor 0.500%) | 1.168(c) | 05/25/32 | 235 | 231,204 | |
Series 2003-01, Class 2A2, 1 Month LIBOR + 0.660% (Cap N/A, Floor 0.660%) | 1.328(c) | 11/25/32 | 172 | 170,045 |
3
PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Asset-Backed Securities (Continued) | |||||
Residential Mortgage-Backed Securities (cont’d.) | |||||
Countrywide Asset-Backed Certificates, | |||||
Series 2003-BC04, Class M1, 1 Month LIBOR + 1.050% (Cap N/A, Floor 1.050%) | 1.718 %(c) | 07/25/33 | 102 | $101,409 | |
Series 2004-01, Class M1, 1 Month LIBOR + 0.750% (Cap N/A, Floor 0.750%) | 1.418(c) | 03/25/34 | 75 | 73,594 | |
Equity One Mortgage Pass-Through Trust, Series 2003-01, Class M1 | 4.860(cc) | 08/25/33 | 31 | 30,201 | |
First Franklin Mortgage Loan Trust, Series 2004-FF05, Class A1, 1 Month LIBOR + 0.720% (Cap N/A, Floor 0.720%) | 1.388(c) | 08/25/34 | 130 | 127,400 | |
Long Beach Mortgage Loan Trust, | |||||
Series 2003-03, Class M1, 1 Month LIBOR + 1.125% (Cap N/A, Floor 1.125%) | 1.793(c) | 07/25/33 | 552 | 543,209 | |
Series 2003-04, Class M1, 1 Month LIBOR + 1.020% (Cap N/A, Floor 1.020%) | 1.688(c) | 08/25/33 | 175 | 173,883 | |
Series 2004-02, Class M1, 1 Month LIBOR + 0.795% (Cap N/A, Floor 0.795%) | 1.463(c) | 06/25/34 | 1,487 | 1,446,369 | |
Series 2004-03, Class M1, 1 Month LIBOR + 0.855% (Cap N/A, Floor 0.855%) | 1.523(c) | 07/25/34 | 2,130 | 2,068,111 | |
Merrill Lynch Mortgage Investors Trust, | |||||
Series 2003-WMC02, Class M2, 1 Month LIBOR + 2.850% (Cap N/A, Floor 2.850%) | 3.518(c) | 02/25/34 | 136 | 136,961 | |
Series 2004-WMC01, Class M2, 1 Month LIBOR + 1.650% (Cap N/A, Floor 1.650%) | 2.318(c) | 10/25/34 | 498 | 491,272 | |
Morgan Stanley ABS Capital I, Inc. Trust, Series 2004-NC05, Class M1, 1 Month LIBOR + 0.900% (Cap N/A, Floor 0.900%) | 1.568(c) | 05/25/34 | 355 | 340,556 | |
Structured Asset Investment Loan Trust, Series 2003-BC01, Class A2, 1 Month LIBOR + 0.680% (Cap N/A, Floor 0.680%) | 1.348(c) | 01/25/33 | 73 | 72,099 | |
6,283,808 | |||||
Total Asset-Backed Securities (cost $68,940,777) | 71,266,147 |
4
PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Certificates of Deposit 1.8% | |||||
Lloyds Bank Corporate Markets PLC (United Kingdom), SOFR + 0.540% | 0.820 %(c) | 01/31/24 | 17,000 | $16,907,249 | |
Standard Chartered Bank (United Kingdom), SOFR + 0.420% | 0.700(c) | 07/28/23 | 16,000 | 15,970,059 | |
32,877,308 | |||||
Skandinaviska Enskilda Banken AB, Skandinaviska Enskilda Banken AB, SOFR + 0.730% (cost $10,000,000) | 1.010(c) | 03/17/23 | 10,000 | 10,026,090 | |
10,026,090 | |||||
Total Certificates of Deposit (cost $42,994,036) | 42,903,398 | ||||
Commercial Mortgage-Backed Securities 13.3% | |||||
Barclays Commercial Mortgage Securities Trust, Series 2018-TALL, Class A, 144A, 1 Month LIBOR + 0.722% (Cap N/A, Floor 0.722%) | 1.276(c) | 03/15/37 | 22,479 | 21,819,230 | |
Benchmark Mortgage Trust, | |||||
Series 2018-B03, Class A2 | 3.848 | 04/10/51 | 1,558 | 1,562,873 | |
Series 2018-B05, Class A2 | 4.077 | 07/15/51 | 1,800 | 1,801,492 | |
BX Commercial Mortgage Trust, Series 2018-BIOA, Class A, 144A, 1 Month LIBOR + 0.671% (Cap N/A, Floor 0.648%) | 1.225(c) | 03/15/37 | 31,808 | 31,488,714 | |
BX Trust, Series 2018-EXCL, Class A, 144A, 1 Month LIBOR + 1.088% (Cap N/A, Floor 1.088%) | 1.642(c) | 09/15/37 | 7,912 | 7,828,188 | |
CAMB Commercial Mortgage Trust, Series 2019-LIFE, Class A, 144A, 1 Month LIBOR + 1.070% (Cap N/A, Floor 1.070%) | 1.624(c) | 12/15/37 | 9,500 | 9,452,299 | |
Citigroup Commercial Mortgage Trust, | |||||
Series 2014-GC25, Class A3 | 3.372 | 10/10/47 | 12,223 | 12,041,156 | |
Series 2016-P04, Class A2 | 2.450 | 07/10/49 | 8,422 | 8,312,554 | |
Commercial Mortgage Trust, | |||||
Series 2014-UBS05, Class A2 | 3.031 | 09/10/47 | 347 | 346,810 | |
Series 2018-HCLV, Class A, 144A, 1 Month LIBOR + 1.000% (Cap N/A, Floor 1.000%) | 1.554(c) | 09/15/33 | 11,508 | 11,262,603 | |
Credit Suisse Mortgage Capital Certificates, Series 2019-ICE04, Class A, 144A, 1 Month LIBOR + 0.980% (Cap N/A, Floor 0.980%) | 1.534(c) | 05/15/36 | 35,000 | 34,807,500 |
5
PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Commercial Mortgage-Backed Securities (Continued) | |||||
CSAIL Commercial Mortgage Trust, Series 2015-C03, Class A4 | 3.718 % | 08/15/48 | 12,000 | $11,917,256 | |
GS Mortgage Securities Corp. Trust, Series 2021-RENT, Class A, 144A, 1 Month LIBOR + 0.700% (Cap N/A, Floor 0.700%) | 1.325(c) | 11/21/35 | 5,359 | 5,303,785 | |
GS Mortgage Securities Trust, Series 2018-HART, Class A, 144A, 1 Month LIBOR + 1.090% (Cap N/A, Floor 1.090%) | 1.650(c) | 10/15/31 | 11,300 | 11,072,769 | |
JPMBB Commercial Mortgage Securities Trust, | |||||
Series 2013-C15, Class ASB | 3.659 | 11/15/45 | 358 | 360,013 | |
Series 2014-C18, Class A4A2, 144A | 3.794 | 02/15/47 | 6,600 | 6,561,695 | |
Series 2014-C24, Class A3 | 3.098 | 11/15/47 | 19,500 | 18,980,575 | |
Series 2014-C24, Class A4A2, 144A | 3.373 | 11/15/47 | 25,000 | 24,609,017 | |
JPMDB Commercial Mortgage Securities Trust, Series 2020-COR07, Class A2 | 2.215 | 05/13/53 | 25,000 | 23,858,535 | |
JPMorgan Chase Commercial Mortgage Securities Trust, | |||||
Series 2018-WPT, Class AFL, 144A, 1 Month LIBOR + 1.200% (Cap N/A, Floor 0.950%) | 1.638(c) | 07/05/33 | 19,358 | 19,301,068 | |
Series 2019-BKWD, Class A, 144A, 1 Month LIBOR + 1.000% (Cap N/A, Floor 1.000%) | 1.554(c) | 09/15/29 | 3,959 | 3,931,381 | |
Morgan Stanley Bank of America Merrill Lynch Trust, | |||||
Series 2012-C06, Class A4 | 2.858 | 11/15/45 | 2,882 | 2,881,012 | |
Series 2013-C07, Class A3 | 2.655 | 02/15/46 | 3,396 | 3,376,487 | |
Morgan Stanley Capital I Trust, Series 2018-H03, Class A2 | 3.997 | 07/15/51 | 1,237 | 1,243,493 | |
One New York Plaza Trust, Series 2020-01NYP, Class A, 144A, 1 Month LIBOR + 0.950% (Cap N/A, Floor 0.950%) | 1.504(c) | 01/15/36 | 11,900 | 11,717,278 | |
UBS Commercial Mortgage Trust, Series 2018-C08, Class A2 | 3.713 | 02/15/51 | 2,349 | 2,353,200 | |
UBS-Barclays Commercial Mortgage Trust, | |||||
Series 2012-C03, Class A4 | 3.091 | 08/10/49 | 5,668 | 5,669,122 | |
Series 2012-C04, Class A3 | 2.533 | 12/10/45 | 11,003 | 10,998,675 | |
Series 2012-C04, Class A5 | 2.850 | 12/10/45 | 4,512 | 4,516,351 | |
Total Commercial Mortgage-Backed Securities (cost $319,043,733) | 309,375,131 |
6
PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds 55.4% | |||||
Agriculture 0.4% | |||||
Cargill, Inc., | |||||
Sr. Unsec’d. Notes, 144A | 1.375 % | 07/23/23 | 3,000 | $2,947,897 | |
Sr. Unsec’d. Notes, 144A | 3.500 | 04/22/25 | 6,750 | 6,740,625 | |
9,688,522 | |||||
Airlines 0.8% | |||||
Southwest Airlines Co., Sr. Unsec’d. Notes | 4.750 | 05/04/23 | 17,500 | 17,779,923 | |
Auto Manufacturers 3.4% | |||||
American Honda Finance Corp., Sr. Unsec’d. Notes, MTN | 0.750 | 08/09/24 | 7,500 | 7,088,375 | |
BMW US Capital LLC (Germany), | |||||
Gtd. Notes, 144A, SOFR + 0.530% | 0.812(c) | 04/01/24 | 8,500 | 8,489,853 | |
Gtd. Notes, 144A | 3.250 | 04/01/25 | 2,750 | 2,725,805 | |
Gtd. Notes, 144A | 3.800 | 04/06/23 | 10,000 | 10,107,283 | |
Daimler Finance North America LLC (Germany), Gtd. Notes, 144A | 0.750 | 03/01/24 | 31,500 | 30,128,674 | |
Toyota Motor Credit Corp., Sr. Unsec’d. Notes, MTN, SOFR + 0.300% | 0.580(c) | 06/13/22 | 10,000 | 9,998,475 | |
Volkswagen Group of America Finance LLC (Germany), Gtd. Notes, 144A | 2.900 | 05/13/22 | 10,000 | 10,004,523 | |
78,542,988 | |||||
Banks 15.2% | |||||
Banco Santander SA (Spain), Sr. Unsec’d. Notes | 3.496 | 03/24/25 | 17,000 | 16,783,371 | |
Bank of America Corp., Sr. Unsec’d. Notes, MTN, 3 Month BSBY + 0.430% | 0.909(c) | 05/28/24 | 33,500 | 33,337,293 | |
Bank of New York Mellon Corp. (The), | |||||
Sr. Unsec’d. Notes, MTN | 1.950 | 08/23/22 | 6,700 | 6,704,070 | |
Sr. Unsec’d. Notes, MTN, 3 Month LIBOR + 1.050% | 2.289(c) | 10/30/23 | 1,927 | 1,933,209 | |
Bank of Nova Scotia (The) (Canada), | |||||
Sr. Unsec’d. Notes, 3 Month LIBOR + 0.620% | 1.548(c) | 09/19/22 | 1,750 | 1,751,738 | |
Sr. Unsec’d. Notes | 1.625 | 05/01/23 | 14,000 | 13,844,818 | |
Banque Federative du Credit Mutuel SA (France), | |||||
Sr. Unsec’d. Notes, 144A | 0.650 | 02/27/24 | 17,750 | 16,864,940 |
7
PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Banks (cont’d.) | |||||
Banque Federative du Credit Mutuel SA (France), (cont’d.) | |||||
Sr. Unsec’d. Notes, 144A, MTN, 3 Month LIBOR + 0.730% | 1.793 %(c) | 07/20/22 | 960 | $960,408 | |
Barclays Bank PLC (United Kingdom), Sr. Unsec’d. Notes | 1.700 | 05/12/22 | 26,000 | 26,005,197 | |
Canadian Imperial Bank of Commerce (Canada), | |||||
Sr. Unsec’d. Notes, SOFR + 0.800% | 1.083(c) | 03/17/23 | 21,000 | 21,027,805 | |
Sr. Unsec’d. Notes, 3 Month LIBOR + 0.720% | 1.605(c) | 06/16/22 | 2,260 | 2,260,689 | |
Commonwealth Bank of Australia (Australia), Sr. Unsec’d. Notes, 144A, MTN, 3 Month LIBOR + 0.680% | 1.628(c) | 09/18/22 | 250 | 250,407 | |
Cooperatieve Rabobank UA (Netherlands), Sr. Unsec’d. Notes, SOFR + 0.300% | 0.581(c) | 01/12/24 | 14,000 | 13,966,350 | |
Credit Agricole Corporate & Investment Bank SA (France), Bank Gtd. Notes, MTN | 0.400 | 01/15/23 | 8,200 | 7,982,065 | |
Credit Suisse AG (Switzerland), Sr. Unsec’d. Notes, SOFR + 0.390% | 0.670(c) | 02/02/24 | 7,500 | 7,441,220 | |
Fifth Third Bank NA, Sr. Unsec’d. Notes, MTN | 1.800 | 01/30/23 | 7,000 | 6,971,967 | |
Goldman Sachs Group, Inc. (The), Sr. Unsec’d. Notes | 0.627(ff) | 11/17/23 | 20,000 | 19,693,897 | |
JPMorgan Chase & Co., Sr. Unsec’d. Notes | 0.768(ff) | 08/09/25 | 25,000 | 23,354,020 | |
KeyBank NA, Sr. Unsec’d. Notes | 1.250 | 03/10/23 | 12,500 | 12,357,917 | |
Mitsubishi UFJ Financial Group, Inc. (Japan), Sr. Unsec’d. Notes | 2.623 | 07/18/22 | 20,000 | 20,037,796 | |
Morgan Stanley, | |||||
Sr. Unsec’d. Notes, GMTN | 3.750 | 02/25/23 | 10,000 | 10,058,390 | |
Sr. Unsec’d. Notes, MTN, 3 Month LIBOR + 1.400% | 2.584(c) | 10/24/23 | 11,551 | 11,590,646 | |
National Securities Clearing Corp., | |||||
Sr. Unsec’d. Notes, 144A | 0.400 | 12/07/23 | 12,750 | 12,237,234 | |
Sr. Unsec’d. Notes, 144A | 1.200 | 04/23/23 | 5,000 | 4,931,661 | |
NatWest Markets PLC (United Kingdom), Sr. Unsec’d. Notes, 144A, SOFR + 1.450% | 1.733(c) | 03/22/25 | 15,000 | 15,049,293 | |
PNC Bank NA, Sr. Unsec’d. Notes, 3 Month LIBOR + 0.500% | 1.725(c) | 07/27/22 | 350 | 350,144 | |
Skandinaviska Enskilda Banken AB (Sweden), Sr. Unsec’d. Notes, 144A | 0.650 | 09/09/24 | 9,750 | 9,138,196 |
8
PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Banks (cont’d.) | |||||
Toronto-Dominion Bank (The) (Canada), | |||||
Sr. Unsec’d. Notes, MTN, SOFR + 0.350% | 0.611 %(c) | 09/10/24 | 20,000 | $19,802,150 | |
Sr. Unsec’d. Notes, MTN, SOFR + 0.480% | 0.760(c) | 01/27/23 | 2,750 | 2,749,008 | |
Truist Bank, Sr. Unsec’d. Notes, SOFR + 0.730% (Cap N/A, Floor 0.000%) | 0.988(c) | 03/09/23 | 2,750 | 2,754,427 | |
UBS AG (Switzerland), | |||||
Sr. Unsec’d. Notes, 144A, MTN | 0.450 | 02/09/24 | 5,000 | 4,759,522 | |
Sr. Unsec’d. Notes, 144A, MTN, SOFR + 0.360% | 0.543(c) | 02/09/24 | 7,500 | 7,467,541 | |
Westpac Banking Corp. (Australia), Sr. Unsec’d. Notes, 3 Month LIBOR + 0.720% | 1.226(c) | 05/15/23 | 175 | 175,633 | |
354,593,022 | |||||
Beverages 1.1% | |||||
Coca-Cola Europacific Partners PLC (United Kingdom), | |||||
Sr. Unsec’d. Notes, 144A | 0.500 | 05/05/23 | 8,000 | 7,791,585 | |
Sr. Unsec’d. Notes, 144A | 0.800 | 05/03/24 | 3,000 | 2,836,359 | |
PepsiCo, Inc., Sr. Unsec’d. Notes | 0.400 | 10/07/23 | 14,500 | 14,074,894 | |
24,702,838 | |||||
Biotechnology 0.2% | |||||
Gilead Sciences, Inc., Sr. Unsec’d. Notes | 0.750 | 09/29/23 | 4,500 | 4,352,960 | |
Building Materials 0.2% | |||||
Martin Marietta Materials, Inc., Sr. Unsec’d. Notes | 0.650 | 07/15/23 | 3,750 | 3,654,984 | |
Chemicals 0.5% | |||||
Air Liquide Finance SA (France), Gtd. Notes, 144A | 2.250 | 09/27/23 | 2,780 | 2,755,420 | |
Nutrien Ltd. (Canada), Sr. Unsec’d. Notes | 1.900 | 05/13/23 | 5,000 | 4,944,933 | |
Westlake Chemical Corp., Sr. Unsec’d. Notes | 0.875 | 08/15/24 | 4,000 | 3,802,944 | |
11,503,297 |
9
PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Commercial Services 0.4% | |||||
PayPal Holdings, Inc., Sr. Unsec’d. Notes | 1.350 % | 06/01/23 | 9,000 | $8,881,348 | |
Computers 0.2% | |||||
Apple, Inc., Sr. Unsec’d. Notes | 1.700 | 09/11/22 | 5,000 | 5,006,402 | |
Cosmetics/Personal Care 1.0% | |||||
GSK Consumer Healthcare Capital US LLC, Gtd. Notes, 144A, SOFR + 0.890% | 1.172(c) | 03/24/24 | 6,250 | 6,262,358 | |
Procter & Gamble Co. (The), Sr. Unsec’d. Notes | 2.150 | 08/11/22 | 6,499 | 6,508,348 | |
Unilever Capital Corp. (United Kingdom), Gtd. Notes | 0.375 | 09/14/23 | 10,000 | 9,684,731 | |
22,455,437 | |||||
Diversified Financial Services 2.8% | |||||
AIG Global Funding, Sr. Sec’d. Notes, 144A | 0.650 | 06/17/24 | 21,000 | 19,799,936 | |
Air Lease Corp., Sr. Unsec’d. Notes, MTN, 3 Month LIBOR + 0.350% | 1.176(c) | 12/15/22 | 25,000 | 24,962,253 | |
Capital One Bank USA NA, Sub. Notes | 3.375 | 02/15/23 | 20,000 | 20,132,451 | |
64,894,640 | |||||
Electric 4.7% | |||||
American Electric Power Co., Inc., Sr. Unsec’d. Notes, Series A, 3 Month LIBOR + 0.480% | 0.797(c) | 11/01/23 | 12,000 | 12,005,342 | |
CenterPoint Energy, Inc., Sr. Unsec’d. Notes, SOFR + 0.650% | 0.844(c) | 05/13/24 | 13,500 | 13,393,281 | |
DTE Energy Co., Sr. Unsec’d. Notes | 2.250 | 11/01/22 | 27,000 | 26,982,168 | |
Entergy Louisiana LLC, First Mortgage | 0.620 | 11/17/23 | 10,750 | 10,380,862 | |
Florida Power & Light Co., Sr. Unsec’d. Notes, SOFR + 0.250% | 0.435(c) | 05/10/23 | 11,250 | 11,202,172 |
10
PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Electric (cont’d.) | |||||
OGE Energy Corp., Sr. Unsec’d. Notes | 0.703 % | 05/26/23 | 6,750 | $6,569,571 | |
PPL Electric Utilities Corp., | |||||
First Mortgage, SOFR + 0.330% | 0.612(c) | 06/24/24 | 4,750 | 4,715,387 | |
First Mortgage | 2.500 | 09/01/22 | 9,000 | 8,988,704 | |
WEC Energy Group, Inc., Sr. Unsec’d. Notes | 0.800 | 03/15/24 | 17,000 | 16,146,802 | |
110,384,289 | |||||
Entertainment 0.3% | |||||
Magallanes, Inc., Gtd. Notes, 144A, SOFR + 1.780% | 2.048(c) | 03/15/24 | 7,500 | 7,571,782 | |
Foods 0.7% | |||||
Hormel Foods Corp., Sr. Unsec’d. Notes | 0.650 | 06/03/24 | 6,000 | 5,715,078 | |
Nestle Holdings, Inc., Gtd. Notes, 144A | 0.375 | 01/15/24 | 10,000 | 9,580,010 | |
15,295,088 | |||||
Forest Products & Paper 0.6% | |||||
Georgia-Pacific LLC, Sr. Unsec’d. Notes, 144A | 3.734 | 07/15/23 | 14,126 | 14,247,413 | |
Gas 0.5% | |||||
Atmos Energy Corp., Sr. Unsec’d. Notes, 3 Month LIBOR + 0.380% | 1.023(c) | 03/09/23 | 12,000 | 11,992,168 | |
Healthcare-Products 1.2% | |||||
Baxter International, Inc., Sr. Unsec’d. Notes, 144A | 0.868 | 12/01/23 | 19,237 | 18,506,348 | |
Stryker Corp., Sr. Unsec’d. Notes | 0.600 | 12/01/23 | 4,750 | 4,578,367 | |
Thermo Fisher Scientific, Inc., Sr. Unsec’d. Notes, SOFR + 0.530% | 0.810(c) | 10/18/24 | 5,000 | 4,979,279 | |
28,063,994 |
11
PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Healthcare-Services 0.5% | |||||
UnitedHealth Group, Inc., Sr. Unsec’d. Notes | 0.550 % | 05/15/24 | 12,000 | $11,418,263 | |
Household Products/Wares 0.8% | |||||
Reckitt Benckiser Treasury Services PLC (United Kingdom), Gtd. Notes, 144A, 3 Month LIBOR + 0.560% | 1.514(c) | 06/24/22 | 18,050 | 18,055,085 | |
Insurance 5.0% | |||||
Berkshire Hathaway, Inc., Sr. Unsec’d. Notes | 2.750 | 03/15/23 | 13,000 | 13,046,090 | |
Equitable Financial Life Global Funding, | |||||
Sec’d. Notes, 144A, SOFR + 0.390% | 0.671(c) | 04/06/23 | 25,000 | 24,949,595 | |
Sec’d. Notes, 144A | 0.800 | 08/12/24 | 3,000 | 2,817,647 | |
New York Life Global Funding, | |||||
Sec’d. Notes, 144A | 2.900 | 01/17/24 | 2,000 | 1,990,284 | |
Sr. Sec’d. Notes, 144A, 3 Month LIBOR + 0.440% | 1.451(c) | 07/12/22 | 16,760 | 16,765,956 | |
Pacific Life Global Funding II, Sr. Sec’d. Notes, 144A | 0.500 | 09/23/23 | 12,000 | 11,600,072 | |
Principal Life Global Funding II, | |||||
Sec’d. Notes, 144A | 0.500 | 01/08/24 | 17,750 | 16,950,478 | |
Sec’d. Notes, 144A, SOFR + 0.450% | 0.731(c) | 04/12/24 | 2,750 | 2,743,839 | |
Protective Life Global Funding, | |||||
Sec’d. Notes, 144A | 0.631 | 10/13/23 | 10,750 | 10,385,332 | |
Sr. Sec’d. Notes, 144A | 0.473 | 01/12/24 | 15,000 | 14,284,365 | |
115,533,658 | |||||
Machinery-Construction & Mining 0.8% | |||||
Caterpillar Financial Services Corp., | |||||
Sr. Unsec’d. Notes, MTN, SOFR + 0.150% | 0.354(c) | 11/17/22 | 4,400 | 4,393,665 | |
Sr. Unsec’d. Notes, MTN | 0.450 | 09/14/23 | 15,000 | 14,529,084 | |
18,922,749 | |||||
Media 0.3% | |||||
Walt Disney Co. (The), Gtd. Notes, 3 Month LIBOR + 0.390% | 0.913(c) | 09/01/22 | 8,000 | 8,004,588 |
12
PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Oil & Gas 1.8% | |||||
Exxon Mobil Corp., Sr. Unsec’d. Notes | 1.571 % | 04/15/23 | 21,000 | $20,838,638 | |
Phillips 66, Gtd. Notes | 0.900 | 02/15/24 | 16,000 | 15,375,421 | |
Pioneer Natural Resources Co., Sr. Unsec’d. Notes | 0.550 | 05/15/23 | 6,750 | 6,585,431 | |
42,799,490 | |||||
Pharmaceuticals 3.7% | |||||
AbbVie, Inc., Sr. Unsec’d. Notes, 3 Month LIBOR + 0.650% | 1.130(c) | 11/21/22 | 4,000 | 4,004,856 | |
AmerisourceBergen Corp., Sr. Unsec’d. Notes | 0.737 | 03/15/23 | 26,500 | 26,105,049 | |
Astrazeneca Finance LLC (United Kingdom), Gtd. Notes | 0.700 | 05/28/24 | 21,500 | 20,472,207 | |
Bristol-Myers Squibb Co., | |||||
Sr. Unsec’d. Notes | 0.537 | 11/13/23 | 20,000 | 19,388,467 | |
Sr. Unsec’d. Notes, 3 Month LIBOR + 0.380% | 0.839(c) | 05/16/22 | 4,000 | 4,000,369 | |
GlaxoSmithKline Capital PLC (United Kingdom), Gtd. Notes | 0.534 | 10/01/23 | 13,500 | 13,078,396 | |
87,049,344 | |||||
Pipelines 1.0% | |||||
Enterprise Products Operating LLC, Gtd. Notes | 3.900 | 02/15/24 | 4,376 | 4,414,185 | |
Southern Natural Gas Co. LLC, Sr. Unsec’d. Notes, 144A | 0.625 | 04/28/23 | 4,250 | 4,143,115 | |
TransCanada PipeLines Ltd. (Canada), | |||||
Sr. Unsec’d. Notes | 1.000 | 10/12/24 | 8,000 | 7,505,983 | |
Sr. Unsec’d. Notes | 2.500 | 08/01/22 | 7,000 | 7,008,580 | |
23,071,863 | |||||
Real Estate Investment Trusts (REITs) 0.9% | |||||
Public Storage, Sr. Unsec’d. Notes, SOFR + 0.470% | 0.749(c) | 04/23/24 | 20,000 | 19,945,726 |
13
PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Retail 1.0% | |||||
7-Eleven, Inc., | |||||
Sr. Unsec’d. Notes, 144A | 0.625 % | 02/10/23 | 5,000 | $4,914,436 | |
Sr. Unsec’d. Notes, 144A | 0.800 | 02/10/24 | 7,000 | 6,676,459 | |
Home Depot, Inc. (The), | |||||
Sr. Unsec’d. Notes | 2.625 | 06/01/22 | 6,000 | 6,000,000 | |
Sr. Unsec’d. Notes | 2.700 | 04/15/25 | 5,000 | 4,937,792 | |
Starbucks Corp., Sr. Unsec’d. Notes | 1.300 | 05/07/22 | 2,000 | 1,999,868 | |
24,528,555 | |||||
Savings & Loans 1.0% | |||||
Nationwide Building Society (United Kingdom), Sr. Unsec’d. Notes, 144A | 0.550 | 01/22/24 | 25,000 | 23,832,739 | |
Semiconductors 0.4% | |||||
Intel Corp., Sr. Unsec’d. Notes, 3 Month LIBOR + 0.350% | 0.727(c) | 05/11/22 | 10,000 | 10,000,272 | |
Software 0.7% | |||||
Fidelity National Information Services, Inc., Sr. Unsec’d. Notes | 0.600 | 03/01/24 | 14,250 | 13,517,346 | |
Infor, Inc., Sr. Unsec’d. Notes, 144A | 1.450 | 07/15/23 | 1,800 | 1,760,008 | |
15,277,354 | |||||
Telecommunications 2.3% | |||||
NTT Finance Corp. (Japan), Gtd. Notes, 144A | 0.583 | 03/01/24 | 15,250 | 14,536,163 | |
Verizon Communications, Inc., | |||||
Sr. Unsec’d. Notes | 0.750 | 03/22/24 | 12,000 | 11,524,167 | |
Sr. Unsec’d. Notes, SOFR + 0.500% | 0.783(c) | 03/22/24 | 23,000 | 22,937,696 | |
Vodafone Group PLC (United Kingdom), Sr. Unsec’d. Notes | 2.500 | 09/26/22 | 3,600 | 3,602,962 | |
52,600,988 |
14
PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Transportation 1.0% | |||||
Ryder System, Inc., Sr. Unsec’d. Notes, MTN | 2.875 % | 06/01/22 | 6,000 | $6,004,388 | |
United Parcel Service, Inc., | |||||
Sr. Unsec’d. Notes, 3 Month LIBOR + 0.380% | 0.839(c) | 05/16/22 | 11,800 | 11,799,928 | |
Sr. Unsec’d. Notes, 3 Month LIBOR + 0.450% | 1.417(c) | 04/01/23 | 5,144 | 5,153,391 | |
22,957,707 | |||||
Total Corporate Bonds (cost $1,311,880,377) | 1,287,609,476 | ||||
Total Long-Term Investments (cost $1,742,858,923) | 1,711,154,152 | ||||
Short-Term Investments 27.6% | |||||
Certificates of Deposit 3.0% | |||||
Bank of Nova Scotia (The) | 0.230 | 05/10/22 | 5,000 | 4,999,610 | |
BNP Paribas SA, SOFR + 0.510% | 0.790(c) | 09/21/22 | 6,500 | 6,504,097 | |
Nordea Bank Abp, SOFR + 0.500% | 0.000(c) | 09/09/22 | 20,000 | 20,013,041 | |
Norinchukin Bank | 0.950 | 06/22/22 | 12,500 | 12,498,708 | |
Standard Chartered Bank, SOFR + 0.620% | 0.000(c) | 06/23/22 | 10,000 | 10,003,914 | |
Svenska Handelsbanken, SOFR + 0.700% | 0.980(c) | 03/15/23 | 15,000 | 15,035,840 | |
Total Certificates of Deposit (cost $69,000,000) | 69,055,210 | ||||
Commercial Paper(n) 20.3% | |||||
Alexandria Real Estate Equities, Inc., 144A | 0.850 | 05/11/22 | 12,000 | 11,997,552 | |
Cabot Corp., | |||||
144A | 0.770 | 05/05/22 | 20,000 | 19,997,980 | |
144A | 0.951 | 05/10/22 | 7,500 | 7,498,465 | |
Danaher Corp., 144A | 0.750 | 05/02/22 | 23,000 | 22,998,998 | |
DENTSPLY International, Inc., 144A | 1.101 | 05/20/22 | 20,000 | 19,990,293 | |
Enbridge, Inc., | |||||
144A | 1.102 | 05/16/22 | 5,000 | 4,997,854 | |
144A | 1.252 | 05/10/22 | 20,000 | 19,994,867 |
15
PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Commercial Paper (Continued) | |||||
Enel Finance America LLC, | |||||
144A | 0.392 % | 07/14/22 | 6,750 | $6,731,375 | |
144A | 0.392 | 07/15/22 | 6,750 | 6,731,044 | |
Fortive Corp., | |||||
144A | 0.850 | 05/05/22 | 10,000 | 9,998,990 | |
144A | 0.910 | 05/09/22 | 20,000 | 19,996,344 | |
Glencore Funding LLC, 144A | 1.031 | 05/10/22 | 24,000 | 23,994,830 | |
HCP, Inc., | |||||
144A | 1.042 | 05/04/22 | 3,000 | 2,999,742 | |
144A | 1.051 | 05/10/22 | 5,000 | 4,998,931 | |
144A | 1.152 | 05/05/22 | 2,000 | 1,999,789 | |
144A | 1.353 | 06/08/22 | 15,000 | 14,981,717 | |
Hitachi America Capital Ltd., 144A | 0.680 | 05/04/22 | 25,000 | 24,998,288 | |
Hyundai Capital America, 144A | 0.861 | 05/12/22 | 10,000 | 9,997,443 | |
Ingredion, Inc., 144A | 0.650 | 05/02/22 | 20,000 | 19,999,062 | |
Intercontinental Exchange, Inc., | |||||
144A | 0.901 | 05/11/22 | 6,500 | 6,497,842 | |
144A | 1.001 | 05/05/22 | 9,500 | 9,498,461 | |
Nutrien Ltd., | |||||
144A | 1.002 | 05/05/22 | 2,500 | 2,499,731 | |
144A | 1.002 | 05/10/22 | 7,500 | 7,498,373 | |
144A | 1.122 | 05/03/22 | 5,000 | 4,999,657 | |
144A | 1.152 | 05/27/22 | 5,000 | 4,996,100 | |
PPG Industries, Inc. | 1.052 | 05/09/22 | 20,000 | 19,996,344 | |
Public Service Enterprise Group, Inc., 144A | 0.951 | 05/09/22 | 15,000 | 14,997,258 | |
Realty Income Corp., | |||||
144A | 0.660 | 05/02/22 | 5,000 | 4,999,765 | |
144A | 0.800 | 05/09/22 | 12,500 | 12,497,715 | |
Sempra Energy, 144A | 1.001 | 05/09/22 | 10,000 | 9,998,164 | |
ST Engineering North America, Inc., 144A | 0.430 | 05/06/22 | 10,000 | 9,999,261 | |
TELUS Corp., 144A | 1.081 | 05/05/22 | 10,000 | 9,998,990 | |
TotalEnergies Capital Canada Ltd., 144A | 0.470 | 05/09/22 | 22,500 | 22,496,575 |
16
PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Commercial Paper (Continued) | |||||
TransCanada PipeLines Ltd., 144A | 0.921 % | 05/06/22 | 10,000 | $9,998,794 | |
UBS AG, 144A | 0.512 | 06/10/22 | 10,000 | 9,998,734 | |
Ventas Realty LP, | |||||
144A | 0.850 | 05/09/22 | 8,000 | 7,998,538 | |
144A | 0.850 | 05/11/22 | 10,000 | 9,997,723 | |
Waste Management, Inc., 144A | 0.321 | 07/11/22 | 12,500 | 12,467,378 | |
Welltower, Inc., | |||||
144A | 0.850 | 05/03/22 | 20,000 | 19,998,718 | |
144A | 0.850 | 05/05/22 | 5,000 | 4,999,495 | |
Total Commercial Paper (cost $471,382,546) | 471,337,180 | ||||
Corporate Bonds 1.7% | |||||
Aerospace & Defense 0.5% | |||||
Boeing Co. (The), Sr. Unsec’d. Notes | 1.167% | 02/04/23 | 11,200 | 11,051,385 | |
Computers 0.7% | |||||
Hewlett Packard Enterprise Co., Sr. Unsec’d. Notes | 4.400% | 10/15/22 | 17,000 | 17,106,250 | |
Diversified Financial Services 0.5% | |||||
American Express Co., Sr. Unsec’d. Notes | 3.400% | 02/27/23 | 11,000 | 11,089,399 | |
Total Corporate Bonds (cost $39,394,047) | 39,247,034 |
17
PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description | Shares | Value | |||
Unaffiliated Fund 2.6% | |||||
Dreyfus Government Cash Management (Institutional Shares) (cost $62,071,111) | 62,071,111 | $62,071,111 | |||
Total Short-Term Investments (cost $641,847,704) | 641,710,535 | ||||
TOTAL INVESTMENTS 101.2% (cost $2,384,706,627) | 2,352,864,687 | ||||
Liabilities in excess of other assets(z) (1.2)% | (27,637,321) | ||||
Net Assets 100.0% | $2,325,227,366 |
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. |
A | Annual payment frequency for swaps |
ABS | Asset-Backed Security |
BSBY | Bloomberg Short-Term Bank Yield Index |
GMTN | Global Medium Term Note |
LIBOR | London Interbank Offered Rate |
LP | Limited Partnership |
MASTR | Morgan Stanley Structured Asset Security |
MTN | Medium Term Note |
Q | Quarterly payment frequency for swaps |
REITs | Real Estate Investment Trust |
S | Semiannual payment frequency for swaps |
SOFR | Secured Overnight Financing Rate |
USOIS | United States Overnight Index Swap |
# | Principal or notional amount is shown in U.S. dollars unless otherwise stated. |
(c) | Variable rate instrument. The interest rate shown reflects the rate in effect at April 30, 2022. |
(cc) | Variable rate instrument. The rate shown is based on the latest available information as of April 30, 2022. 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. |
(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. |
(n) | Rate shown reflects yield to maturity at purchased date. |
(z) | Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments: |
18
PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Interest rate swap agreements outstanding at April 30, 2022:
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at April 30, 2022 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements: | ||||||||||||||
74,000 | 06/15/22 | 1.873%(S) | 3 Month LIBOR(1)(Q) | $(116,415) | $(538,585) | $(422,170) | ||||||||
21,900 | 07/02/22 | (0.001)%(A) | 1 Day USOIS(1)(A) | — | 61,386 | 61,386 | ||||||||
18,500 | 08/22/22 | 1.421%(S) | 3 Month LIBOR(1)(Q) | (17,603) | (34,424) | (16,821) | ||||||||
59,800 | 09/03/22 | 1.919%(S) | 3 Month LIBOR(1)(Q) | (586,731) | (224,751) | 361,980 | ||||||||
15,000 | 01/30/23 | 1.467%(S) | 3 Month LIBOR(1)(Q) | — | 48,632 | 48,632 | ||||||||
65,700 | 05/11/23 | 2.250%(A) | 1 Day USOIS(1)(A) | (3,959,253) | (1,359,522) | 2,599,731 | ||||||||
100,000 | 07/26/23 | 0.192%(A) | 1 Day USOIS(1)(A) | — | 2,720,541 | 2,720,541 | ||||||||
20,000 | 12/01/23 | 2.634%(A) | 1 Day SOFR(1)(A) | — | (5,861) | (5,861) | ||||||||
19,250 | 02/04/24 | 0.133%(A) | 1 Day USOIS(1)(A) | 24,122 | 860,595 | 836,473 | ||||||||
47,000 | 03/01/24 | 0.230%(A) | 1 Day USOIS(1)(A) | 58,857 | 2,106,269 | 2,047,412 | ||||||||
12,000 | 03/15/24 | 0.276%(A) | 1 Day USOIS(1)(A) | — | 540,061 | 540,061 | ||||||||
17,000 | 03/18/24 | 0.278%(A) | 1 Day USOIS(1)(A) | — | 768,296 | 768,296 | ||||||||
3,000 | 04/26/24 | 0.305%(A) | 1 Day USOIS(1)(A) | — | 142,290 | 142,290 | ||||||||
9,750 | 05/11/24 | 0.300%(A) | 1 Day SOFR(1)(A) | (2,320) | 445,274 | 447,594 | ||||||||
12,000 | 05/20/24 | 0.296%(A) | 1 Day USOIS(1)(A) | — | 570,671 | 570,671 | ||||||||
21,000 | 06/16/24 | 0.304%(A) | 1 Day USOIS(1)(A) | — | 1,038,607 | 1,038,607 | ||||||||
25,000 | 08/05/24 | 0.261%(A) | 1 Day SOFR(1)(A) | — | 1,336,084 | 1,336,084 | ||||||||
3,000 | 08/13/24 | 0.368%(A) | 1 Day SOFR(1)(A) | — | 152,669 | 152,669 | ||||||||
15,000 | 08/31/24 | 0.399%(A) | 1 Day USOIS(1)(A) | — | 782,600 | 782,600 | ||||||||
7,500 | 09/09/24 | 0.368%(A) | 1 Day SOFR(1)(A) | (293) | 396,802 | 397,095 | ||||||||
8,000 | 10/12/24 | 0.511%(A) | 1 Day SOFR(1)(A) | — | 410,204 | 410,204 | ||||||||
25,000 | 11/29/24 | 0.090%(A) | 1 Day USOIS(1)(A) | (2,257) | 1,697,054 | 1,699,311 | ||||||||
17,000 | 03/21/25 | 1.998%(A) | 1 Day SOFR(1)(A) | — | 333,271 | 333,271 | ||||||||
2,750 | 03/30/25 | 2.418%(A) | 1 Day SOFR(1)(A) | — | 22,147 | 22,147 | ||||||||
12,000 | 05/11/25 | 0.450%(A) | 1 Day SOFR(1)(A) | 105,148 | 769,322 | 664,174 | ||||||||
$(4,496,745) | $13,039,632 | $17,536,377 |
(1) | The Fund pays the fixed rate and receives the floating rate. |
(2) | The Fund pays the floating rate and receives the fixed rate. |
Other information regarding the Fund is available in the Fund’s most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
19