PGIM Core Ultra Short Bond Fund
Schedule of Investments (unaudited)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Long-Term Investments 12.0% | |||||
Certificates of Deposit 9.9% | |||||
Bank of America NA, SOFR + 0.580% | 3.630 %(c) | 10/06/23 | 97,500 | $97,352,002 | |
Bank of Montreal, | |||||
SOFR + 0.290% | 3.340(c) | 02/28/23 | 90,000 | 89,918,445 | |
SOFR + 0.610% | 3.660(c) | 07/21/23 | 150,000 | 149,858,835 | |
BNP Paribas SA, SOFR + 0.530% | 3.580(c) | 05/22/23 | 92,000 | 91,899,851 | |
Canadian Imperial Bank of Commerce, SOFR + 0.570% (Cap N/A, Floor 0.000%) | 3.620(c) | 07/10/23 | 100,000 | 99,897,690 | |
Cooperatieve Rabobank UA, SOFR + 0.650% | 3.700(c) | 07/07/23 | 87,000 | 86,978,492 | |
Nordea Bank Abp, | |||||
SOFR + 0.540% | 3.590(c) | 05/25/23 | 115,000 | 114,893,228 | |
SOFR + 0.710% | 3.760(c) | 07/20/23 | 160,000 | 159,937,733 | |
Royal Bank of Canada, | |||||
SOFR + 0.730% (Cap N/A, Floor 0.000%) | 3.780(c) | 08/11/23 | 150,000 | 149,965,030 | |
US Federal Funds Effective Rate + 0.690% (Cap N/A, Floor 0.000%) | 3.770(c) | 08/02/23 | 100,000 | 100,007,485 | |
Skandinaviska Enskilda Banken AB, SOFR + 0.730% | 3.780(c) | 03/17/23 | 100,000 | 100,052,581 | |
Svenska Handelsbanken, | |||||
SOFR + 0.250% | 3.300(c) | 02/24/23 | 120,000 | 119,886,190 | |
SOFR + 0.510% | 3.560(c) | 03/28/23 | 55,000 | 54,980,458 | |
SOFR + 0.540% | 3.590(c) | 06/01/23 | 230,000 | 229,763,394 | |
SOFR + 0.700% | 3.750(c) | 03/15/23 | 84,000 | 84,038,843 | |
Swedbank AB, | |||||
SOFR + 0.710% | 3.760(c) | 07/19/23 | 100,000 | 99,979,758 | |
SOFR + 0.720% | 3.770(c) | 08/08/23 | 95,000 | 94,969,898 | |
Toronto-Dominion Bank (The), | |||||
SOFR + 0.650% | 3.050(c) | 07/03/23 | 32,000 | 31,977,512 | |
USOIS + 0.520% | 3.600(c) | 06/30/23 | 50,000 | 49,922,698 | |
Westpac Banking Corp., SOFR + 0.500% | 3.550(c) | 03/30/23 | 70,000 | 69,985,526 | |
Total Certificates of Deposit (cost $2,077,500,000) | 2,076,265,649 | ||||
Commercial Paper 0.7% | |||||
Bank of America Securities, Inc., 144A, SOFR + 0.520% | 3.050(c) | 06/01/23 | 115,000 | 114,879,800 | |
Federation Des Caisses Desjardins, 144A, SOFR + 0.600% | 2.050(c) | 06/23/23 | 38,000 | 37,980,172 | |
Total Commercial Paper (cost $153,000,000) | 152,859,972 |
1
PGIM Core Ultra Short Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds 0.9% | |||||
Auto Manufacturers | |||||
Toyota Motor Credit Corp., | |||||
Sr. Unsec’d. Notes, MTN, SOFR + 0.280% | 3.330 %(c) | 12/14/22 | 87,000 | $86,992,006 | |
Sr. Unsec’d. Notes, MTN, SOFR + 0.750% | 3.800(c) | 07/25/23 | 106,000 | 106,115,748 | |
Total Corporate Bonds (cost $193,000,000) | 193,107,754 | ||||
Municipal Bonds 0.5% | |||||
Arizona 0.2% | |||||
Maricopa County Industrial Development Authority, Taxable, Revenue Bonds, Series 2021 B-2 | 3.050(cc) | 01/01/61 | 50,000 | 50,000,000 | |
Illinois 0.1% | |||||
Illinois Finance Authority, Revenue Bonds | 3.070(cc) | 10/01/42 | 23,500 | 23,500,000 | |
Texas 0.2% | |||||
Board of Regents of the University of Texas System, Taxable, Revenue Bonds, Sub-Series G-2 | 3.050(cc) | 08/01/45 | 30,000 | 30,000,000 | |
Total Municipal Bonds (cost $103,500,000) | 103,500,000 | ||||
Total Long-Term Investments (cost $2,527,000,000) | 2,525,733,375 | ||||
Short-Term Investments 88.4% | |||||
Certificates of Deposit 12.4% | |||||
Bank of America NA, SOFR + 0.510% | 3.560(c) | 03/15/23 | 50,000 | 50,002,725 | |
Bank of Nova Scotia, | |||||
SOFR + 0.250% | 3.300(c) | 02/17/23 | 112,000 | 111,917,167 | |
SOFR + 0.600% | 3.650(c) | 12/19/22 | 25,000 | 25,009,241 | |
SOFR + 0.620% | 3.670(c) | 04/10/23 | 180,000 | 179,999,629 | |
SOFR + 0.620% (Cap N/A, Floor 0.000%) | 3.670(c) | 05/12/23 | 90,500 | 90,462,360 | |
BNP Paribas Fortis SA, SOFR + 0.700% | 3.750(c) | 04/28/23 | 115,000 | 115,001,926 | |
BNP Paribas SA, SOFR + 0.250% | 3.300(c) | 02/22/23 | 65,000 | 64,949,196 | |
Canadian Imperial Bank of Commerce, | |||||
SOFR + 0.150% | 3.200(c) | 11/04/22 | 21,000 | 21,000,204 |
2
PGIM Core Ultra Short Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Certificates of Deposit (Continued) | |||||
Canadian Imperial Bank of Commerce, (cont’d.) | |||||
SOFR + 0.400% | 3.450 %(c) | 11/10/22 | 124,000 | $124,010,624 | |
SOFR + 0.620% | 3.670(c) | 12/21/22 | 120,000 | 120,050,916 | |
Citibank NA | 3.550 | 02/06/23 | 79,500 | 79,256,604 | |
Citibank NA | 3.600 | 02/10/23 | 75,000 | 74,766,299 | |
Citibank NA, Series Cd, SOFR + 0.600% (Cap N/A, Floor 0.000%) | 3.650(c) | 09/22/23 | 144,000 | 143,679,908 | |
Credit Agricole Corporate & Investment Bank SA | 3.690 | 12/22/22 | 28,000 | 27,989,999 | |
MUFG Bank Ltd., SOFR + 0.450% | 3.500(c) | 11/30/22 | 153,000 | 153,033,359 | |
Natixis SA, SOFR + 0.500% | 3.550(c) | 02/01/23 | 114,000 | 114,020,743 | |
Nordea Bank Abp, | |||||
SOFR + 0.400% | 3.450(c) | 11/18/22 | 100,000 | 100,013,532 | |
SOFR + 0.550% | 3.600(c) | 02/21/23 | 35,000 | 35,003,743 | |
Royal Bank of Canada, | |||||
SOFR + 0.500% (Cap N/A, Floor 0.000%) | 3.550(c) | 07/17/23 | 10,000 | 9,982,900 | |
SOFR + 0.670% (Cap N/A, Floor 0.000%) | 3.720(c) | 07/07/23 | 10,000 | 9,995,814 | |
SOFR + 0.700% (Cap N/A, Floor 0.000%) | 3.750(c) | 10/06/23 | 140,000 | 139,860,462 | |
State Street Bank & Trust Co. | 4.300 | 03/27/23 | 40,000 | 39,913,280 | |
State Street Bank & Trust Co., SOFR + 0.300% | 3.350(c) | 03/27/23 | 15,000 | 14,977,159 | |
Sumitomo Mitsui Banking Corp., SOFR + 0.500% | 3.550(c) | 12/22/22 | 70,000 | 70,013,984 | |
Svenska Handelsbanken, SOFR + 0.430% (Cap N/A, Floor 0.000%) | 3.480(c) | 12/22/22 | 20,000 | 20,002,411 | |
Toronto-Dominion Bank (The), | |||||
SOFR + 0.250% | 0.300(c) | 02/09/23 | 35,000 | 34,978,388 | |
SOFR + 0.750% | 3.790(c) | 07/26/23 | 115,000 | 115,027,813 | |
Truist Bank | 3.110 | 11/02/22 | 35,000 | 34,999,808 | |
Truist Bank | 3.490 | 11/07/22 | 142,000 | 142,007,952 | |
Truist Bank | 3.700 | 01/03/23 | 150,000 | 149,933,386 | |
Truist Bank | 3.750 | 12/02/22 | 194,000 | 194,006,402 | |
Total Certificates of Deposit (cost $2,606,995,265) | 2,605,867,934 | ||||
Commercial Paper 35.3% | |||||
Apple, Inc., 144A | 3.111(n) | 11/01/22 | 46,000 | 45,996,059 | |
Archer Daniels Midland Co., 144A | 3.202(n) | 11/04/22 | 50,000 | 49,981,839 | |
Australia & New Zealand Banking Group Ltd., 144A, SOFR + 0.280% | 3.040(c) | 02/24/23 | 61,000 | 60,949,152 |
3
PGIM Core Ultra Short Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Commercial Paper (Continued) | |||||
Automatic Data Processing, Inc., | |||||
144A | 3.050 %(n) | 11/01/22 | 280,000 | $279,976,113 | |
144A | 3.071(n) | 11/02/22 | 150,000 | 149,973,808 | |
Banco Santander SA, 144A | 3.291(n) | 12/01/22 | 75,000 | 74,757,295 | |
Bank of America Securities, Inc., | |||||
144A, SOFR + 0.500% | 1.260(c) | 03/09/23 | 61,000 | 60,982,749 | |
144A, SOFR + 0.600% | 3.050(c) | 03/03/23 | 97,000 | 97,008,797 | |
144A, SOFR + 0.850% | 3.050(c) | 10/18/23 | 37,000 | 37,000,009 | |
Bank of Montreal, 144A | 0.000(cc) | 05/02/23 | 87,000 | 86,990,894 | |
Banner Health | 3.160(n) | 11/02/22 | 12,500 | 12,497,796 | |
Baptist Health South Florida, Inc. | 3.046(n) | 11/15/22 | 28,000 | 27,957,102 | |
Baptist Health South Florida, Inc. | 3.623(n) | 12/15/22 | 26,000 | 25,871,138 | |
BNP Paribas SA, | |||||
144A, SOFR + 0.420% | 3.470(c) | 12/07/22 | 140,000 | 140,035,239 | |
144A, SOFR + 0.720% | 3.770(c) | 08/04/23 | 120,000 | 119,949,892 | |
CDP Financial, Inc., | |||||
144A | 2.830(n) | 11/02/22 | 45,000 | 44,992,152 | |
144A | 2.891(n) | 11/08/22 | 30,000 | 29,976,860 | |
144A | 2.901(n) | 11/07/22 | 11,000 | 10,992,599 | |
144A | 2.912(n) | 11/16/22 | 64,000 | 63,898,795 | |
144A | 3.560(n) | 12/15/22 | 90,000 | 89,568,562 | |
144A | 3.701(n) | 12/14/22 | 94,500 | 94,057,982 | |
144A, SOFR + 0.600% | 3.640(c) | 04/20/23 | 100,000 | 99,977,205 | |
144A, SOFR + 0.750% | 3.790(c) | 07/25/23 | 75,000 | 74,996,042 | |
Citigroup Global Markets Inc., | |||||
144A | 3.030(n) | 06/06/23 | 70,000 | 67,800,440 | |
144A | 3.203(n) | 01/11/23 | 64,000 | 63,464,960 | |
144A | 3.356(n) | 01/10/23 | 27,000 | 26,777,841 | |
144A, SOFR + 0.650% | 3.690(c) | 09/20/23 | 218,500 | 218,113,602 | |
DNB Bank ASA, 144A, SOFR + 0.550% | 3.050(c) | 03/23/23 | 100,000 | 100,059,315 | |
Federation Des Caisses Desjardins, | |||||
144A | 2.839(n) | 11/03/22 | 47,700 | 47,687,228 | |
144A | 2.870(n) | 11/04/22 | 12,925 | 12,920,294 | |
144A | 3.140(n) | 12/01/22 | 119,500 | 119,116,379 | |
144A | 3.620(n) | 12/13/22 | 15,000 | 14,931,415 | |
144A, SOFR + 0.180% | 3.040(c) | 12/22/22 | 80,000 | 79,988,910 | |
144A, SOFR + 0.510% | 3.560(c) | 03/17/23 | 141,000 | 141,005,775 | |
4
PGIM Core Ultra Short Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Commercial Paper (Continued) | |||||
GlaxoSmithKline LLC, 144A | 3.092 %(n) | 11/03/22 | 95,000 | $94,974,532 | |
Goldman Sachs International, | |||||
144A, SOFR + 0.300% | 3.340(c) | 12/28/22 | 220,000 | 219,961,361 | |
144A, SOFR + 0.620% | 3.660(c) | 06/23/23 | 54,500 | 54,461,050 | |
144A, SOFR + 0.650% | 3.690(c) | 03/24/23 | 135,000 | 135,024,997 | |
Hydro-Quebec, 144A | 3.101(n) | 11/02/22 | 54,000 | 53,990,718 | |
John Deere Ltd., | |||||
144A | 3.112(n) | 11/03/22 | 110,000 | 109,970,657 | |
144A | 3.286(n) | 11/15/22 | 50,000 | 49,926,042 | |
144A | 3.613(n) | 11/22/22 | 20,000 | 19,955,756 | |
144A | 4.285(n) | 01/05/23 | 70,000 | 69,488,463 | |
Johns Hopkins Health System | 3.084(n) | 11/03/22 | 12,500 | 12,496,659 | |
JPMorgan Securities LLC, | |||||
SOFR + 0.380% | 3.040(c) | 02/27/23 | 53,000 | 52,968,645 | |
144A, SOFR + 0.000% | 3.040(c) | 05/25/23 | 95,000 | 94,920,914 | |
144A, SOFR + 0.400% | 1.200(c) | 11/18/22 | 100,000 | 100,013,485 | |
KFW, | |||||
144A | 2.830(n) | 11/16/22 | 125,000 | 124,832,889 | |
144A | 3.312(n) | 12/13/22 | 133,000 | 132,457,807 | |
144A | 3.470(n) | 12/14/22 | 15,000 | 14,937,355 | |
144A | 3.562(n) | 12/19/22 | 90,000 | 89,572,597 | |
Mitsubishi Corp., | |||||
144A | 2.872(n) | 11/01/22 | 50,000 | 49,995,689 | |
144A | 3.205(n) | 11/04/22 | 215,000 | 214,921,239 | |
144A | 3.425(n) | 11/08/22 | 21,000 | 20,983,662 | |
144A | 3.574(n) | 11/07/22 | 45,000 | 44,969,463 | |
144A | 3.604(n) | 11/09/22 | 30,000 | 29,973,660 | |
National Securities Clearing Corp., | |||||
144A | 3.103(n) | 11/01/22 | 63,000 | 62,994,620 | |
144A | 3.103(n) | 11/02/22 | 50,000 | 49,991,280 | |
144A | 3.124(n) | 11/03/22 | 63,000 | 62,983,184 | |
144A | 3.134(n) | 11/09/22 | 35,000 | 34,969,533 | |
144A | 3.135(n) | 11/04/22 | 30,000 | 29,989,110 | |
144A | 3.256(n) | 11/07/22 | 49,000 | 48,967,034 | |
Nestle Finance International Ltd., 144A | 3.305(n) | 11/07/22 | 25,000 | 24,983,521 | |
Ontario Teachers’ Finance Trust, | |||||
144A | 2.276(n) | 12/08/22 | 21,000 | 20,916,277 | |
144A | 3.151(n) | 01/12/23 | 20,000 | 19,833,601 |
5
PGIM Core Ultra Short Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Commercial Paper (Continued) | |||||
Pacific Life Insurance Company, | |||||
144A | 3.062 %(n) | 11/01/22 | 50,000 | $49,995,716 | |
144A | 3.062(n) | 11/03/22 | 50,000 | 49,986,613 | |
144A | 3.492(n) | 11/07/22 | 50,000 | 49,966,264 | |
Port Authority of New York & New Jersey | 3.600 | 11/28/22 | 10,000 | 10,001,484 | |
Port Authority of New York & New Jersey | 3.650 | 11/22/22 | 8,000 | 8,000,230 | |
Province of Quebec, | |||||
144A | 3.111(n) | 11/01/22 | 35,000 | 34,997,115 | |
144A | 3.111(n) | 11/04/22 | 40,000 | 39,985,916 | |
PSP Capital, Inc., | |||||
144A | 2.770(n) | 11/01/22 | 60,000 | 59,994,877 | |
144A | 2.771(n) | 11/03/22 | 60,000 | 59,983,985 | |
144A | 2.810(n) | 11/02/22 | 120,000 | 119,979,073 | |
144A | 2.810(n) | 11/04/22 | 60,000 | 59,978,220 | |
144A | 2.820(n) | 11/09/22 | 25,000 | 24,978,238 | |
144A | 3.680(n) | 12/12/22 | 48,000 | 47,786,640 | |
Robert Bosch Finance Corp., 144A | 3.202(n) | 11/04/22 | 29,000 | 28,989,305 | |
Royal Bank of Canada, 144A, SOFR + 0.350% | 3.050(c) | 02/28/23 | 50,000 | 49,967,885 | |
Skandinaviska Enskilda Banken AB, 144A, SOFR + 0.610% | 3.650(c) | 04/20/23 | 135,000 | 134,957,802 | |
ST Engineering North America, Inc., | |||||
144A | 2.800(n) | 11/01/22 | 40,000 | 39,996,603 | |
144A | 2.870(n) | 11/14/22 | 78,000 | 77,892,923 | |
144A | 2.871(n) | 11/07/22 | 75,000 | 74,949,541 | |
STE Transcore Holdings, Inc., | |||||
144A | 3.169(n) | 11/01/22 | 150,000 | 149,986,678 | |
144A | 3.828(n) | 12/15/22 | 30,000 | 29,852,438 | |
Swedbank AB, | |||||
SOFR + 0.410% | 3.460(c) | 11/14/22 | 75,000 | 75,008,735 | |
SOFR + 0.500% | 3.550(c) | 12/15/22 | 94,500 | 94,526,877 | |
Target Corporation, 144A | 3.454(n) | 11/07/22 | 72,000 | 71,951,420 | |
Texas A&M University | 3.450 | 12/01/22 | 8,000 | 7,999,245 | |
Texas A&M University | 3.450 | 12/07/22 | 11,250 | 11,249,322 | |
Texas A&M University | 4.200 | 01/25/23 | 8,000 | 8,000,910 | |
Texas A&M University | 4.200 | 01/26/23 | 8,000 | 8,000,929 | |
Texas Public Finance Auth. | 3.700 | 12/07/22 | 21,000 | 21,001,002 | |
Texas Public Finance Auth. | 3.850 | 01/05/23 | 23,150 | 23,139,076 | |
6
PGIM Core Ultra Short Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Commercial Paper (Continued) | |||||
Total Capital Canada Ltd., 144A | 3.098 %(n) | 11/03/22 | 145,000 | $144,961,140 | |
TotalEnergies Capital Canada Ltd., 144A | 3.397(n) | 11/07/22 | 115,000 | 114,921,960 | |
Toyota Credit Canada, Inc. | 2.255(n) | 11/29/22 | 50,000 | 49,849,643 | |
Toyota Credit Canada, Inc. | 2.398(n) | 12/07/22 | 50,000 | 49,805,802 | |
Toyota Credit Canada, Inc. | 3.819(n) | 02/06/23 | 50,000 | 49,406,420 | |
Toyota Credit Canada, Inc., SOFR + 0.750% | 3.040(c) | 07/18/23 | 50,000 | 50,012,907 | |
Toyota Finance Australia Ltd. | 3.234(n) | 12/16/22 | 73,000 | 72,654,126 | |
Toyota Motor Credit Corp., SOFR + 0.370% | 3.040(c) | 03/07/23 | 35,000 | 34,980,219 | |
Trinity Health Corp. | 3.658(n) | 11/17/22 | 33,000 | 32,944,523 | |
UBS AG, 144A, SOFR + 0.310% | 3.040(c) | 02/17/23 | 50,000 | 49,960,933 | |
Unilever Capital Corp., 144A | 3.109(n) | 11/07/22 | 205,000 | 204,861,682 | |
Unilever Finance Netherlands BV, 144A | 3.404(n) | 11/07/22 | 25,000 | 24,983,132 | |
Westpac Banking Corp., | |||||
144A, SOFR + 0.500% | 3.550(c) | 03/23/23 | 50,000 | 49,989,591 | |
144A, SOFR + 0.650% | 3.700(c) | 04/28/23 | 125,000 | 125,001,661 | |
Yale University | 2.860(n) | 11/15/22 | 14,000 | 13,979,251 | |
Yale University | 3.429(n) | 11/16/22 | 7,000 | 6,988,906 | |
Yale University | 4.103(n) | 01/18/23 | 10,000 | 9,909,435 | |
Total Commercial Paper (cost $7,427,856,069) | 7,424,996,431 | ||||
Repurchase Agreements 34.4% | |||||
Amherst Pierpont Securities LLC, | |||||
3.055%, dated 10/26/22, due 11/02/22 in the amount of $225,133,656 collateralized by FHLMC (coupon rates 0.000%-5.000%, maturity dates 07/15/32-09/01/52) and FNMA (coupon rates 1.563%-6.500%, maturity dates 02/01/24-11/01/52) with the aggregate value, including accrued interest, of $229,636,329. | 225,000 | 225,000,000 |
7
PGIM Core Ultra Short Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Principal Amount (000)# | Value | |||
Repurchase Agreements (Continued) | |||||
Amherst Pierpont Securities LLC, (cont’d.) | |||||
3.055%, dated 10/27/22, due 11/03/22 in the amount of $225,133,656 collateralized by FHLMC (coupon rates 2.000%-5.000%, maturity dates 12/01/29-11/01/52), FNMA (coupon rates 2.000%-7.500%, maturity dates 06/01/27-11/01/52) and U.S. Treasury Securities (coupon rate 0.125%, maturity date 10/15/24) with the aggregate value, including accrued interest, of $229,636,329. | 225,000 | $225,000,000 | |||
3.05%, dated 10/31/22, due 11/01/22 in the amount of $500,042,361 collateralized by FFCSB (coupon rates 1.260%-5.480%, maturity dates 10/15/30-08/18/42), FHLMC (coupon rates 0.000%-6.500%, maturity dates 01/15/26-10/01/52), FNMA (coupon rates 0.000%-6.210%, maturity dates 08/01/28-11/01/52) and TVA (coupon rates 0.000%-5.250%, maturity dates 11/01/25-09/15/39) with the aggregate value, including accrued interest, of $510,043,208. | 500,000 | 500,000,000 | |||
Canadian Imperial Bank of Commerce, | |||||
3.05%, dated 09/22/22, due 11/03/22 in the amount of $526,868,125 collateralized by U.S. Treasury Securities (coupon rates 0.125%-3.875%, maturity dates 11/15/22-02/15/52) with the aggregate value, including accrued interest, of $537,314,751. | 525,000 | 525,000,000 | |||
3.05%, dated 09/22/22, due 11/03/22 in the amount of $35,124,542 collateralized by FHLMC (coupon rates 2.000%-5.000%, maturity dates 02/01/32-09/01/52), FNMA (coupon rates 2.000%-4.000%, maturity dates 09/01/35-12/01/51) and U.S. Treasury Securities (coupon rate 0.125%, maturity date 08/15/23) with the aggregate value, including accrued interest, of $35,821,036. | 35,000 | 35,000,000 |
8
PGIM Core Ultra Short Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Principal Amount (000)# | Value | |||
Repurchase Agreements (Continued) | |||||
Canadian Imperial Bank of Commerce, (cont’d.) | |||||
3.05%, dated 10/03/22, due 11/02/22 in the amount of $310,787,917 collateralized by U.S. Treasury Securities (coupon rates 0.125%-3.875%, maturity dates 08/15/23-02/15/50) with the aggregate value, including accrued interest, of $316,976,886. | 310,000 | $310,000,000 | |||
3.05%, dated 09/29/22, due 11/03/22 in the amount of $125,370,660 collateralized by FHLMC (coupon rates 3.500%-5.000%, maturity dates 10/01/48-09/01/52), FNMA (coupon rates 2.000%-3.500%, maturity dates 09/01/40-12/01/51), GNMA (coupon rates 2.500%-3.000%, maturity dates 03/20/50-12/20/51) and U.S. Treasury Securities (coupon rate 0.125%, maturity date 08/15/23) with the aggregate value, including accrued interest, of $127,856,483. | 125,000 | 125,000,000 | |||
3.05%, dated 10/03/22, due 11/02/22 in the amount of $350,889,583 collateralized by U.S. Treasury Securities (coupon rates 0.125%-3.875%, maturity dates 04/30/23-02/15/52) with the aggregate value, including accrued interest, of $357,877,130. | 350,000 | 350,000,000 | |||
Cantor Fitzgerald LP, | |||||
3.05%, dated 10/31/22, due 11/01/22 in the amount of $250,021,181 collateralized by FHLB (coupon rate 5.700%, maturity date 10/28/27), FHLMC (coupon rates 1.500%-5.500%, maturity dates 07/01/48-11/01/52), FNMA (coupon rates 2.000%-5.500%, maturity dates 04/01/31-10/01/52), GNMA (coupon rate 2.750%, maturity date 10/15/62) and TVA (coupon rates 0.000%-4.650%, maturity dates 06/15/35-06/15/38) with the aggregate value, including accrued interest, of $255,021,604. | 250,000 | 250,000,000 |
9
PGIM Core Ultra Short Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Principal Amount (000)# | Value | |||
Repurchase Agreements (Continued) | |||||
CF Secured LLC, | |||||
3.05%, dated 10/31/22, due 11/01/22 in the amount of $500,042,361 collateralized by FHLB (coupon rate 0.000%, maturity dates 11/01/22-12/01/22), FHLMC (coupon rates 0.000%-4.500%, maturity dates 12/14/29-09/01/52), FNMA (coupon rates 2.500%-4.000%, maturity dates 09/01/51-07/01/52), GNMA (coupon rate 5.277%, maturity date 08/20/72) and U.S. Treasury Securities (coupon rates 0.000%-5.500%, maturity dates 12/22/22-05/15/51) with the aggregate value, including accrued interest, of $510,043,208. | 500,000 | $500,000,000 | |||
3.03%, dated 10/31/22, due 11/01/22 in the amount of $750,063,125 collateralized by FHLB (coupon rate 0.000%, maturity dates 11/01/22-12/14/22), FHLMC (coupon rates 0.000%-5.000%, maturity dates 12/14/29-09/01/52), FNMA (coupon rates 0.000%-4.500%, maturity dates 05/01/27-01/01/60), GNMA (coupon rates 2.457%-4.923%, maturity dates 02/20/43-08/20/72) and U.S. Treasury Securities (coupon rates 0.000%-7.625%, maturity dates 11/15/22-08/15/52) with the aggregate value, including accrued interest, of $765,064,387. | 750,000 | 750,000,000 | |||
Goldman Sachs & Co., | |||||
3.05%, dated 10/27/22, due 11/03/22 in the amount of $235,139,368 collateralized by FHLMC (coupon rates 2.000%-4.000%, maturity dates 03/01/52-08/01/52) and FNMA (coupon rates 2.000%-6.500%, maturity dates 07/01/30-07/01/55) with the aggregate value, including accrued interest, of $239,781,232. | 235,000 | 235,000,000 |
10
PGIM Core Ultra Short Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Principal Amount (000)# | Value | |||
Repurchase Agreements (Continued) | |||||
ING Financial Markets LLC, | |||||
3.055%, dated 09/22/22, due 11/03/22 in the amount of $451,603,875 collateralized by FHLMC (coupon rates 2.000%-8.000%, maturity dates 08/01/35-09/01/52), FNMA (coupon rates 2.000%-6.500%, maturity dates 08/01/28-05/01/58), GNMA (coupon rates 2.000%-3.500%, maturity dates 05/20/51-01/20/52) and U.S. Treasury Securities (coupon rate 3.375%, maturity date 08/15/42) with the aggregate value, including accrued interest, of $459,000,000. | 450,000 | $450,000,000 | |||
3.055%, dated 10/05/22, due 11/03/22 in the amount of $45,110,744 collateralized by FHLMC (coupon rates 2.000%-5.500%, maturity dates 07/01/36-09/01/52), FNMA (coupon rates 2.000%-5.500%, maturity dates 08/01/35-05/01/58), GNMA (coupon rate 5.500%, maturity date 09/20/52) and U.S. Treasury Securities (coupon rates 2.375%-3.375%, maturity dates 02/15/42-08/15/42) with the aggregate value, including accrued interest, of $45,900,000. | 45,000 | 45,000,000 | |||
3.055%, dated 10/07/22, due 11/03/22 in the amount of $50,114,563 collateralized by FHLMC (coupon rates 2.000%-5.500%, maturity dates 07/01/36-09/01/52), FNMA (coupon rates 2.000%-5.000%, maturity dates 04/01/36-05/01/58) and U.S. Treasury Securities (coupon rates 1.500%-3.250%, maturity dates 11/30/24-05/15/42) with the aggregate value, including accrued interest, of $51,000,000. | 50,000 | 50,000,000 | |||
3.1%, dated 10/19/22, due 11/04/22 in the amount of $140,192,889 collateralized by FHLMC (coupon rates 2.000%-5.500%, maturity dates 08/01/35-09/01/52), FNMA (coupon rates 2.000%-5.500%, maturity dates 10/01/28-05/01/58) and U.S. Treasury Securities (coupon rates 3.125%-3.250%, maturity dates 11/15/41-05/15/42) with the aggregate value, including accrued interest, of $142,800,000. | 140,000 | 140,000,000 |
11
PGIM Core Ultra Short Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Principal Amount (000)# | Value | |||
Repurchase Agreements (Continued) | |||||
ING Financial Markets LLC, (cont’d.) | |||||
3.65%, dated 10/28/22, due 11/25/22 in the amount of $25,070,972 collateralized by FNMA (coupon rates 4.500%-5.000%, maturity dates 06/01/52-09/01/52), GNMA (coupon rates 2.500%-4.500%, maturity dates 06/20/51-08/20/52) and U.S. Treasury Securities (coupon rate 2.375%, maturity date 02/15/42) with the aggregate value, including accrued interest, of $25,500,031. | 25,000 | $25,000,000 | |||
NatWest Markets Securities, Inc., | |||||
3.03%, dated 10/27/22, due 11/03/22 in the amount of $400,235,667 collateralized by U.S. Treasury Securities (coupon rates 0.125%-3.125%, maturity dates 01/15/23-05/15/32) with the aggregate value, including accrued interest, of $408,240,381. | 400,000 | 400,000,000 | |||
Nomura Securities International, Inc., | |||||
3.05%, dated 10/31/22, due 11/01/22 in the amount of $150,012,708 collateralized by FHLMC (coupon rates 2.000%-6.000%, maturity dates 12/01/35-10/01/52), FNMA (coupon rates 2.000%-6.000%, maturity dates 09/01/29-08/01/58) and GNMA (coupon rate 4.460%, maturity date 04/20/69) with the aggregate value, including accrued interest, of $153,013,421. | 150,000 | 150,000,000 | |||
RBC Dominion Securities, Inc., | |||||
3.05%, dated 10/31/22, due 11/01/22 in the amount of $340,028,806 collateralized by FHLMC (coupon rates 2.000%-3.500%, maturity dates 03/01/48-12/01/51), FNMA (coupon rates 3.000%-4.500%, maturity dates 02/01/40-08/01/51) and GNMA (coupon rates 2.000%-5.500%, maturity dates 10/20/50-10/20/52) with the aggregate value, including accrued interest, of $346,800,000. | 340,000 | 340,000,000 |
12
PGIM Core Ultra Short Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Repurchase Agreements (Continued) | |||||
The Northern Trust Company, | |||||
3.04%, dated 10/31/22, due 11/01/22 in the amount of $1,400,118,222 collateralized by U.S. Treasury Securities (coupon rates 0.375%-2.625%, maturity dates 01/31/26-08/31/28) with the aggregate value, including accrued interest, of $1,428,000,560. | 1,400,000 | $1,400,000,000 | |||
Wells Fargo Bank NA, | |||||
3.06%, dated 10/31/22, due 11/01/22 in the amount of $200,017,000 collateralized by FNMA (coupon rates 1.500%-6.000%, maturity dates 09/01/26-10/01/52) with the aggregate value, including accrued interest, of $204,017,340. | 200,000 | 200,000,000 | |||
Total Repurchase Agreements (cost $7,230,000,000) | 7,230,000,000 | ||||
Time Deposits 4.4% | |||||
ABN AMRO Bank NV | 3.080 % | 11/01/22 | 80,000 | 80,000,000 | |
ABN AMRO Bank NV | 3.080 | 11/02/22 | 100,000 | 100,000,000 | |
ABN AMRO Bank NV | 3.080 | 11/03/22 | 90,000 | 90,000,000 | |
ABN AMRO Bank NV | 3.510 | 11/07/22 | 65,000 | 65,000,000 | |
Toronto-Dominion Bank (The) | 3.070 | 11/03/22 | 60,000 | 60,000,000 | |
U.S. Bank National Association | 3.060 | 11/01/22 | 538,447 | 538,447,000 | |
Total Time Deposits (cost $933,447,000) | 933,447,000 | ||||
U.S. Government Agency Obligations 1.9% | |||||
Federal Farm Credit Bank, SOFR + 0.015% (Cap N/A, Floor 0.000%) | 3.065(c) | 05/02/23 | 50,000 | 50,001,664 | |
Federal Home Loan Bank, | |||||
SOFR + 0.020% (Cap N/A, Floor 0.000%) | 3.070(c) | 12/19/22 | 225,000 | 224,996,384 | |
SOFR + 0.055% (Cap N/A, Floor 0.000%) | 3.105(c) | 03/02/23 | 33,000 | 33,000,000 |
13
PGIM Core Ultra Short Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
U.S. Government Agency Obligations(Continued) | |||||
Federal Home Loan Bank, (cont’d.) | |||||
SOFR + 0.060% (Cap N/A, Floor 0.000%) | 3.110 %(c) | 06/06/23 | 100,000 | $100,042,302 | |
Total U.S. Government Agency Obligations (cost $408,000,257) | 408,040,350 | ||||
Total Short-Term Investments (cost $18,606,298,591) | 18,602,351,715 | ||||
TOTAL INVESTMENTS 100.4% (cost $21,133,298,591) | 21,128,085,090 | ||||
Liabilities in excess of other assets (0.4)% | (93,989,375) | ||||
Net Assets 100.0% | $21,034,095,715 |
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. |
FFCSB | Federal Farm Credit System Bank |
FHLB | Federal Home Loan Bank |
FHLMC | Federal Home Loan Mortgage Corporation |
FNMA | Federal National Mortgage Association |
GNMA | Government National Mortgage Association |
LP | Limited Partnership |
MTN | Medium Term Note |
RBC | Royal Bank of Canada |
SOFR | Secured Overnight Financing Rate |
TVA | Tennessee Valley Authority |
UBS | UBS Securities LLC |
USOIS | United States Overnight Index Swap |
# | Principal amount is shown in U.S. dollars unless otherwise stated. |
(c) | Variable rate instrument. The interest rate shown reflects the rate in effect at October 31, 2022. |
(cc) | Variable rate instrument. The rate shown is based on the latest available information as of October 31, 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. |
(n) | Rate shown reflects yield to maturity at purchased date. |
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).
14