PGIM Core Conservative Bond Fund
Schedule of Investments (unaudited) as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Long-Term Investments 99.1% | |||||
Asset-Backed Security 0.2% | |||||
Credit Cards | |||||
Citibank Credit Card Issuance Trust, Series 2018-A07, Class A7 (cost $113,581) | 3.960 % | 10/13/30 | 100 | $93,314 | |
Commercial Mortgage-Backed Securities 6.2% | |||||
37 Capital CLO, Series 2021-PF01, Class A4 | 2.253 | 11/15/54 | 100 | 77,192 | |
BANK, Series 2020-BN29, Class A3 | 1.742 | 11/15/53 | 100 | 75,168 | |
Barclays Commercial Mortgage Securities Trust, Series 2019-C04, Class A4 | 2.661 | 08/15/52 | 100 | 84,401 | |
Benchmark Mortgage Trust, | |||||
Series 2018-B03, Class A3 | 3.746 | 04/10/51 | 30 | 28,638 | |
Series 2020-B19, Class A3 | 1.787 | 09/15/53 | 175 | 148,854 | |
Series 2020-B21, Class A4 | 1.704 | 12/17/53 | 100 | 75,947 | |
Series 2021-B23, Class A4A1 | 1.823 | 02/15/54 | 200 | 150,654 | |
Series 2021-B30, Class A4 | 2.329 | 11/15/54 | 150 | 114,705 | |
BMO Mortgage Trust, Series 2022-C01, Class A4 | 3.119 | 02/15/55 | 150 | 122,485 | |
CCUBS Commercial Mortgage Trust, Series 2017-C01, Class A3 | 3.283(cc) | 11/15/50 | 90 | 80,599 | |
CD Mortgage Trust, Series 2017-CD06, Class A3 | 3.104 | 11/13/50 | 40 | 37,998 | |
Citigroup Commercial Mortgage Trust, | |||||
Series 2016-P06, Class A4 | 3.458 | 12/10/49 | 111 | 102,499 | |
Series 2017-P08, Class A3 | 3.203 | 09/15/50 | 75 | 67,175 | |
Commercial Mortgage Trust, | |||||
Series 2015-PC01, Class A4 | 3.620 | 07/10/50 | 85 | 81,761 | |
Series 2016-DC02, Class A5 | 3.765 | 02/10/49 | 25 | 23,512 | |
CSAIL Commercial Mortgage Trust, Series 2016-C07, Class A4 | 3.210 | 11/15/49 | 43 | 40,078 | |
Deutsche Bank Commercial Mortgage Trust, Series 2017-C06, Class A3 | 3.269 | 06/10/50 | 90 | 86,113 | |
GS Mortgage Securities Trust, Series 2020-GC47, Class A4 | 2.125 | 05/12/53 | 100 | 78,164 | |
JPMCC Commercial Mortgage Securities Trust, Series 2019-COR04, Class A3 | 3.763 | 03/10/52 | 125 | 113,079 | |
JPMorgan Chase Commercial Mortgage Securities Trust, | |||||
Series 2016-JP02, Class A3 | 2.559 | 08/15/49 | 18 | 16,133 |
1
PGIM Core Conservative Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Commercial Mortgage-Backed Securities (Continued) | |||||
JPMorgan Chase Commercial Mortgage Securities Trust, (cont’d.) | |||||
Series 2016-JP04, Class A3 | 3.393 % | 12/15/49 | 125 | $113,926 | |
Morgan Stanley Bank of America Merrill Lynch Trust, | |||||
Series 2015-C21, Class A3 | 3.077 | 03/15/48 | 61 | 57,467 | |
Series 2016-C32, Class A3 | 3.459 | 12/15/49 | 119 | 108,926 | |
Morgan Stanley Capital I Trust, | |||||
Series 2016-UB12, Class A3 | 3.337 | 12/15/49 | 123 | 112,146 | |
Series 2021-L06, Class A3 | 2.196(cc) | 06/15/54 | 225 | 169,507 | |
UBS Commercial Mortgage Trust, | |||||
Series 2018-C08, Class A3 | 3.720 | 02/15/51 | 197 | 180,647 | |
Series 2018-C09, Class ASB | 4.090 | 03/15/51 | 60 | 57,193 | |
Series 2018-C13, Class A3 | 4.069 | 10/15/51 | 200 | 186,822 | |
Wells Fargo Commercial Mortgage Trust, | |||||
Series 2016-LC25, Class A3 | 3.374 | 12/15/59 | 123 | 112,972 | |
Series 2017-C39, Class A3 | 2.878 | 09/15/50 | 100 | 99,807 | |
Series 2020-C55, Class A4 | 2.474 | 02/15/53 | 125 | 100,340 | |
Total Commercial Mortgage-Backed Securities (cost $3,407,136) | 2,904,908 | ||||
Corporate Bonds 22.8% | |||||
Aerospace & Defense 0.6% | |||||
Boeing Co. (The), | |||||
Sr. Unsec’d. Notes | 2.196 | 02/04/26 | 100 | 88,911 | |
Sr. Unsec’d. Notes | 2.250 | 06/15/26 | 15 | 13,137 | |
Sr. Unsec’d. Notes | 2.700 | 02/01/27 | 20 | 17,380 | |
Sr. Unsec’d. Notes | 3.100 | 05/01/26 | 10 | 9,024 | |
Sr. Unsec’d. Notes | 3.600 | 05/01/34 | 30 | 22,337 | |
Sr. Unsec’d. Notes | 3.900 | 05/01/49 | 10 | 6,449 | |
Sr. Unsec’d. Notes | 5.805 | 05/01/50 | 70 | 60,149 | |
General Dynamics Corp., Gtd. Notes | 3.250 | 04/01/25 | 55 | 52,879 | |
Northrop Grumman Corp., Sr. Unsec’d. Notes | 4.750 | 06/01/43 | 20 | 17,379 | |
Raytheon Technologies Corp., Sr. Unsec’d. Notes | 4.125 | 11/16/28 | 10 | 9,312 | |
296,957 |
2
PGIM Core Conservative Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Agriculture 0.2% | |||||
Altria Group, Inc., | |||||
Gtd. Notes | 3.400 % | 02/04/41 | 70 | $42,656 | |
Gtd. Notes | 4.800 | 02/14/29 | 5 | 4,603 | |
BAT Capital Corp. (United Kingdom), | |||||
Gtd. Notes | 3.557 | 08/15/27 | 45 | 39,387 | |
Gtd. Notes | 4.700 | 04/02/27 | 10 | 9,309 | |
95,955 | |||||
Airlines 0.2% | |||||
Southwest Airlines Co., | |||||
Sr. Unsec’d. Notes | 2.625 | 02/10/30 | 20 | 15,921 | |
Sr. Unsec’d. Notes | 5.125 | 06/15/27 | 50 | 48,752 | |
United Airlines 2012-1 Class A Pass-Through Trust, Pass-Through Certificates | 4.150 | 10/11/25 | 19 | 17,741 | |
82,414 | |||||
Auto Manufacturers 0.4% | |||||
General Motors Co., | |||||
Sr. Unsec’d. Notes | 6.250 | 10/02/43 | 50 | 43,824 | |
Sr. Unsec’d. Notes | 6.600 | 04/01/36 | 10 | 9,425 | |
Sr. Unsec’d. Notes | 6.750 | 04/01/46 | 65 | 60,334 | |
General Motors Financial Co., Inc., Gtd. Notes | 4.000 | 01/15/25 | 85 | 81,746 | |
195,329 | |||||
Auto Parts & Equipment 0.0% | |||||
Aptiv PLC/Aptiv Corp., Gtd. Notes | 3.250 | 03/01/32 | 20 | 15,954 | |
Banks 5.2% | |||||
Bank of America Corp., | |||||
Sr. Unsec’d. Notes | 2.687(ff) | 04/22/32 | 165 | 127,346 | |
Sr. Unsec’d. Notes, MTN | 2.496(ff) | 02/13/31 | 90 | 70,655 | |
Sr. Unsec’d. Notes, MTN | 3.970(ff) | 03/05/29 | 220 | 197,655 | |
Sr. Unsec’d. Notes, MTN | 4.083(ff) | 03/20/51 | 55 | 40,825 | |
Barclays PLC (United Kingdom), Sr. Unsec’d. Notes | 2.645(ff) | 06/24/31 | 160 | 116,850 |
3
PGIM Core Conservative Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Banks (cont’d.) | |||||
Citigroup, Inc., | |||||
Sr. Unsec’d. Notes | 2.666 %(ff) | 01/29/31 | 105 | $83,515 | |
Sr. Unsec’d. Notes | 2.904(ff) | 11/03/42 | 20 | 12,646 | |
Sr. Unsec’d. Notes | 2.976(ff) | 11/05/30 | 115 | 93,839 | |
Sr. Unsec’d. Notes | 3.400 | 05/01/26 | 45 | 41,781 | |
Sr. Unsec’d. Notes | 3.668(ff) | 07/24/28 | 60 | 53,791 | |
Sr. Unsec’d. Notes | 3.980(ff) | 03/20/30 | 30 | 26,441 | |
Sr. Unsec’d. Notes | 4.650 | 07/30/45 | 5 | 3,985 | |
Credit Suisse Group AG (Switzerland), Sr. Unsec’d. Notes | 4.550 | 04/17/26 | 100 | 87,525 | |
Discover Bank, Sr. Unsec’d. Notes | 4.650 | 09/13/28 | 15 | 13,394 | |
Goldman Sachs Group, Inc. (The), | |||||
Sr. Unsec’d. Notes | 1.992(ff) | 01/27/32 | 50 | 36,488 | |
Sr. Unsec’d. Notes | 3.814(ff) | 04/23/29 | 50 | 44,363 | |
Sr. Unsec’d. Notes | 4.223(ff) | 05/01/29 | 170 | 153,833 | |
HSBC Holdings PLC (United Kingdom), Sr. Unsec’d. Notes | 4.583(ff) | 06/19/29 | 85 | 73,817 | |
JPMorgan Chase & Co., | |||||
Sr. Unsec’d. Notes | 2.522(ff) | 04/22/31 | 75 | 59,157 | |
Sr. Unsec’d. Notes | 2.580(ff) | 04/22/32 | 40 | 30,765 | |
Sr. Unsec’d. Notes | 2.739(ff) | 10/15/30 | 60 | 48,580 | |
Sr. Unsec’d. Notes | 3.509(ff) | 01/23/29 | 245 | 216,659 | |
Sr. Unsec’d. Notes | 3.882(ff) | 07/24/38 | 95 | 73,900 | |
Sr. Unsec’d. Notes | 4.452(ff) | 12/05/29 | 19 | 17,315 | |
Sub. Notes | 3.875 | 09/10/24 | 60 | 58,451 | |
Morgan Stanley, | |||||
Sr. Unsec’d. Notes | 3.217(ff) | 04/22/42 | 65 | 44,274 | |
Sr. Unsec’d. Notes, GMTN | 2.699(ff) | 01/22/31 | 85 | 68,103 | |
Sr. Unsec’d. Notes, GMTN | 3.772(ff) | 01/24/29 | 90 | 80,290 | |
Sr. Unsec’d. Notes, GMTN | 4.431(ff) | 01/23/30 | 70 | 63,828 | |
Sr. Unsec’d. Notes, MTN | 1.794(ff) | 02/13/32 | 80 | 57,850 | |
Sr. Unsec’d. Notes, MTN | 1.928(ff) | 04/28/32 | 90 | 65,229 | |
NatWest Group PLC (United Kingdom), Sr. Unsec’d. Notes | 4.269(ff) | 03/22/25 | 25 | 24,100 | |
PNC Financial Services Group, Inc. (The), Sub. Notes | 3.900 | 04/29/24 | 50 | 48,930 | |
Wells Fargo & Co., | |||||
Sr. Unsec’d. Notes | 3.000 | 10/23/26 | 55 | 49,810 |
4
PGIM Core Conservative Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Banks (cont’d.) | |||||
Wells Fargo & Co., (cont’d.) | |||||
Sr. Unsec’d. Notes, MTN | 2.572 %(ff) | 02/11/31 | 30 | $23,932 | |
Sr. Unsec’d. Notes, MTN | 2.879(ff) | 10/30/30 | 195 | 159,814 | |
2,469,736 | |||||
Beverages 0.6% | |||||
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. (Belgium), | |||||
Gtd. Notes | 4.700 | 02/01/36 | 20 | 18,073 | |
Gtd. Notes | 4.900 | 02/01/46 | 110 | 95,430 | |
Anheuser-Busch InBev Worldwide, Inc. (Belgium), | |||||
Gtd. Notes | 4.750 | 01/23/29 | 90 | 87,406 | |
Gtd. Notes | 5.550 | 01/23/49 | 20 | 18,871 | |
Constellation Brands, Inc., | |||||
Gtd. Notes | 3.700 | 12/06/26 | 5 | 4,680 | |
Gtd. Notes | 4.400 | 11/15/25 | 10 | 9,751 | |
Sr. Unsec’d. Notes | 2.250 | 08/01/31 | 45 | 34,527 | |
268,738 | |||||
Biotechnology 0.3% | |||||
Amgen, Inc., | |||||
Sr. Unsec’d. Notes | 2.600 | 08/19/26 | 120 | 109,730 | |
Sr. Unsec’d. Notes | 2.800 | 08/15/41 | 40 | 26,860 | |
136,590 | |||||
Building Materials 0.2% | |||||
Martin Marietta Materials, Inc., | |||||
Sr. Unsec’d. Notes | 2.400 | 07/15/31 | 35 | 26,907 | |
Sr. Unsec’d. Notes, Series CB | 2.500 | 03/15/30 | 30 | 23,848 | |
Owens Corning, | |||||
Sr. Unsec’d. Notes | 4.200 | 12/01/24 | 35 | 34,117 | |
Sr. Unsec’d. Notes | 4.300 | 07/15/47 | 35 | 24,978 | |
Vulcan Materials Co., Sr. Unsec’d. Notes | 4.500 | 06/15/47 | 5 | 3,929 | |
113,779 |
5
PGIM Core Conservative Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Chemicals 0.3% | |||||
Dow Chemical Co. (The), Sr. Unsec’d. Notes | 4.625 % | 10/01/44 | 20 | $15,502 | |
DuPont de Nemours, Inc., Sr. Unsec’d. Notes | 4.493 | 11/15/25 | 60 | 58,801 | |
FMC Corp., | |||||
Sr. Unsec’d. Notes | 3.450 | 10/01/29 | 15 | 12,791 | |
Sr. Unsec’d. Notes | 4.500 | 10/01/49 | 15 | 11,099 | |
LYB International Finance BV, Gtd. Notes | 4.875 | 03/15/44 | 30 | 23,435 | |
LYB International Finance III LLC, Gtd. Notes | 3.375 | 10/01/40 | 5 | 3,328 | |
Nutrien Ltd. (Canada), Sr. Unsec’d. Notes | 5.250 | 01/15/45 | 10 | 8,617 | |
Sherwin-Williams Co. (The), Sr. Unsec’d. Notes | 4.500 | 06/01/47 | 10 | 7,895 | |
141,468 | |||||
Commercial Services 0.5% | |||||
Automatic Data Processing, Inc., Sr. Unsec’d. Notes | 1.700 | 05/15/28 | 20 | 17,018 | |
California Institute of Technology, Sr. Unsec’d. Notes | 3.650 | 09/01/2119 | 15 | 8,953 | |
Cintas Corp. No. 2, Gtd. Notes | 3.700 | 04/01/27 | 20 | 18,866 | |
Equifax, Inc., | |||||
Sr. Unsec’d. Notes | 2.350 | 09/15/31 | 15 | 11,115 | |
Sr. Unsec’d. Notes | 2.600 | 12/01/24 | 30 | 28,323 | |
Massachusetts Institute of Technology, Sr. Unsec’d. Notes, Series F | 2.989 | 07/01/50 | 35 | 23,755 | |
President & Fellows of Harvard College, | |||||
Unsec’d. Notes | 3.150 | 07/15/46 | 9 | 6,453 | |
Unsec’d. Notes | 3.745 | 11/15/52 | 20 | 15,589 | |
Trustees of the University of Pennsylvania (The), | |||||
Sr. Unsec’d. Notes | 3.610 | 02/15/2119 | 5 | 3,010 | |
Unsec’d. Notes, Series 2020 | 2.396 | 10/01/50 | 15 | 8,693 | |
University of Southern California, Unsec’d. Notes, Series 2017 | 3.841 | 10/01/47 | 10 | 7,797 |
6
PGIM Core Conservative Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Commercial Services (cont’d.) | |||||
Washington University (The), Sr. Unsec’d. Notes, Series 2022 | 3.524 % | 04/15/54 | 50 | $36,251 | |
Yale University, Unsec’d. Notes, Series 2020 | 2.402 | 04/15/50 | 45 | 26,773 | |
212,596 | |||||
Computers 0.3% | |||||
Apple, Inc., | |||||
Sr. Unsec’d. Notes | 3.250 | 02/23/26 | 60 | 57,195 | |
Sr. Unsec’d. Notes | 3.850 | 08/04/46 | 35 | 27,947 | |
Genpact Luxembourg Sarl/Genpact USA, Inc., Gtd. Notes | 1.750 | 04/10/26 | 35 | 30,778 | |
Teledyne FLIR LLC, Sr. Unsec’d. Notes | 2.500 | 08/01/30 | 5 | 3,910 | |
119,830 | |||||
Diversified Financial Services 0.2% | |||||
Jefferies Group LLC, Sr. Unsec’d. Notes | 2.750 | 10/15/32 | 55 | 38,118 | |
Private Export Funding Corp., | |||||
U.S. Gov’t. Gtd. Notes, Series KK | 3.550 | 01/15/24 | 25 | 24,547 | |
U.S. Gov’t. Gtd. Notes, Series PP | 1.400 | 07/15/28 | 45 | 37,404 | |
100,069 | |||||
Electric 2.8% | |||||
AEP Texas, Inc., | |||||
Sr. Unsec’d. Notes | 3.450 | 05/15/51 | 20 | 13,019 | |
Sr. Unsec’d. Notes | 3.800 | 10/01/47 | 30 | 20,502 | |
Sr. Unsec’d. Notes, Series I | 2.100 | 07/01/30 | 70 | 53,898 | |
AEP Transmission Co. LLC, Sr. Unsec’d. Notes | 3.750 | 12/01/47 | 15 | 10,773 | |
Alabama Power Co., | |||||
Sr. Unsec’d. Notes | 3.850 | 12/01/42 | 10 | 7,479 | |
Sr. Unsec’d. Notes | 6.125 | 05/15/38 | 50 | 49,696 | |
Ameren Illinois Co., Sr. Sec’d. Notes | 4.150 | 03/15/46 | 25 | 19,609 |
7
PGIM Core Conservative Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Electric (cont’d.) | |||||
Arizona Public Service Co., Sr. Unsec’d. Notes | 2.600 % | 08/15/29 | 5 | $4,061 | |
Atlantic City Electric Co., First Mortgage | 2.300 | 03/15/31 | 10 | 7,946 | |
Berkshire Hathaway Energy Co., Sr. Unsec’d. Notes | 6.125 | 04/01/36 | 60 | 60,915 | |
CenterPoint Energy Houston Electric LLC, General Ref. Mortgage | 3.950 | 03/01/48 | 20 | 15,353 | |
CenterPoint Energy, Inc., Sr. Unsec’d. Notes | 2.950 | 03/01/30 | 20 | 16,654 | |
Commonwealth Edison Co., First Mortgage | 4.600 | 08/15/43 | 70 | 59,060 | |
Dominion Energy South Carolina, Inc., First Mortgage | 5.450 | 02/01/41 | 20 | 18,657 | |
DTE Electric Co., General Ref. Mortgage | 3.750 | 08/15/47 | 20 | 14,765 | |
Duke Energy Carolinas LLC, | |||||
First Mortgage | 4.250 | 12/15/41 | 15 | 12,102 | |
First Ref. Mortgage | 4.000 | 09/30/42 | 40 | 31,053 | |
Duke Energy Corp., Sr. Unsec’d. Notes | 2.650 | 09/01/26 | 75 | 67,812 | |
Duke Energy Florida LLC, First Mortgage | 6.350 | 09/15/37 | 15 | 15,373 | |
Duke Energy Indiana LLC, First Mortgage, Series YYY | 3.250 | 10/01/49 | 20 | 12,786 | |
Entergy Louisiana LLC, Collateral Trust | 4.200 | 04/01/50 | 5 | 3,802 | |
Entergy Texas, Inc., First Mortgage | 1.750 | 03/15/31 | 45 | 33,563 | |
Evergy Kansas Central, Inc., First Mortgage | 4.125 | 03/01/42 | 15 | 11,664 | |
Eversource Energy, | |||||
Sr. Unsec’d. Notes | 4.200 | 06/27/24 | 35 | 34,357 | |
Sr. Unsec’d. Notes, Series R | 1.650 | 08/15/30 | 15 | 11,253 | |
Exelon Corp., Sr. Unsec’d. Notes | 5.625 | 06/15/35 | 5 | 4,856 | |
Florida Power & Light Co., | |||||
First Mortgage | 3.800 | 12/15/42 | 30 | 23,179 | |
First Mortgage | 5.250 | 02/01/41 | 25 | 23,214 | |
8
PGIM Core Conservative Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Electric (cont’d.) | |||||
Fortis, Inc. (Canada), Sr. Unsec’d. Notes | 3.055 % | 10/04/26 | 7 | $6,307 | |
Hydro-Quebec (Canada), Local Gov’t. Gtd. Notes, Series IO | 8.050 | 07/07/24 | 10 | 10,488 | |
Nevada Power Co., General Ref. Mortgage, Series R | 6.750 | 07/01/37 | 10 | 10,449 | |
NextEra Energy Capital Holdings, Inc., Gtd. Notes | 2.750 | 11/01/29 | 25 | 20,943 | |
Northern States Power Co., First Mortgage | 3.600 | 09/15/47 | 10 | 7,179 | |
Pacific Gas & Electric Co., | |||||
First Mortgage | 3.950 | 12/01/47 | 55 | 35,738 | |
First Mortgage | 4.000 | 12/01/46 | 15 | 9,543 | |
First Mortgage | 4.500 | 07/01/40 | 15 | 11,173 | |
PacifiCorp, | |||||
First Mortgage | 2.700 | 09/15/30 | 25 | 20,576 | |
First Mortgage | 5.250 | 06/15/35 | 45 | 42,244 | |
First Mortgage | 6.000 | 01/15/39 | 15 | 14,696 | |
PECO Energy Co., | |||||
First Mortgage | 2.800 | 06/15/50 | 5 | 3,043 | |
First Mortgage | 4.375 | 08/15/52 | 5 | 4,089 | |
PPL Electric Utilities Corp., | |||||
First Mortgage | 4.125 | 06/15/44 | 15 | 11,659 | |
First Mortgage | 4.150 | 10/01/45 | 20 | 15,398 | |
First Mortgage | 6.250 | 05/15/39 | 10 | 10,157 | |
Public Service Electric & Gas Co., | |||||
First Mortgage, MTN | 3.600 | 12/01/47 | 5 | 3,563 | |
First Mortgage, MTN | 3.650 | 09/01/28 | 25 | 22,903 | |
First Ref. Mortgage, MTN | 3.950 | 05/01/42 | 10 | 7,839 | |
Public Service Enterprise Group, Inc., Sr. Unsec’d. Notes | 2.450 | 11/15/31 | 20 | 15,338 | |
Puget Energy, Inc., | |||||
Sr. Sec’d. Notes | 2.379 | 06/15/28 | 5 | 4,127 | |
Sr. Sec’d. Notes | 3.650 | 05/15/25 | 20 | 18,844 | |
Sr. Sec’d. Notes | 4.100 | 06/15/30 | 75 | 65,499 | |
San Diego Gas & Electric Co., | |||||
First Mortgage, Series RRR | 3.750 | 06/01/47 | 5 | 3,564 | |
First Mortgage, Series UUU | 3.320 | 04/15/50 | 25 | 16,678 | |
Sempra Energy, | |||||
Sr. Unsec’d. Notes | 3.300 | 04/01/25 | 60 | 56,912 |
9
PGIM Core Conservative Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Electric (cont’d.) | |||||
Sempra Energy, (cont’d.) | |||||
Sr. Unsec’d. Notes | 4.000 % | 02/01/48 | 15 | $10,656 | |
Southern California Edison Co., | |||||
First Ref. Mortgage | 4.000 | 04/01/47 | 20 | 14,328 | |
First Ref. Mortgage | 4.650 | 10/01/43 | 40 | 32,024 | |
Tampa Electric Co., Sr. Unsec’d. Notes | 4.450 | 06/15/49 | 15 | 11,992 | |
Tucson Electric Power Co., Sr. Unsec’d. Notes | 3.250 | 05/15/32 | 30 | 24,693 | |
Virginia Electric & Power Co., | |||||
Sr. Unsec’d. Notes, Series A | 6.000 | 05/15/37 | 20 | 19,735 | |
Sr. Unsec’d. Notes, Series B | 6.000 | 01/15/36 | 10 | 9,952 | |
WEC Energy Group, Inc., Sr. Unsec’d. Notes | 1.800 | 10/15/30 | 20 | 15,133 | |
Xcel Energy, Inc., | |||||
Sr. Unsec’d. Notes | 1.750 | 03/15/27 | 25 | 21,450 | |
Sr. Unsec’d. Notes | 4.000 | 06/15/28 | 70 | 65,239 | |
1,331,552 | |||||
Electronics 0.1% | |||||
Agilent Technologies, Inc., Sr. Unsec’d. Notes | 2.300 | 03/12/31 | 50 | 39,046 | |
Entertainment 0.0% | |||||
Warnermedia Holdings, Inc., Gtd. Notes, 144A | 5.141 | 03/15/52 | 30 | 21,002 | |
Foods 0.2% | |||||
Hormel Foods Corp., Sr. Unsec’d. Notes | 0.650 | 06/03/24 | 30 | 28,025 | |
Mondelez International, Inc., Sr. Unsec’d. Notes | 2.750 | 04/13/30 | 10 | 8,315 | |
Tyson Foods, Inc., Sr. Unsec’d. Notes | 4.000 | 03/01/26 | 60 | 57,306 | |
93,646 |
10
PGIM Core Conservative Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Gas 0.2% | |||||
Atmos Energy Corp., Sr. Unsec’d. Notes | 3.375 % | 09/15/49 | 10 | $6,749 | |
NiSource, Inc., | |||||
Sr. Unsec’d. Notes | 4.800 | 02/15/44 | 10 | 8,151 | |
Sr. Unsec’d. Notes | 5.250 | 02/15/43 | 30 | 25,874 | |
Southern California Gas Co., | |||||
First Mortgage | 3.750 | 09/15/42 | 10 | 7,245 | |
First Mortgage | 5.125 | 11/15/40 | 15 | 13,191 | |
Southern Co. Gas Capital Corp., Gtd. Notes | 4.400 | 06/01/43 | 25 | 19,065 | |
80,275 | |||||
Healthcare-Products 0.1% | |||||
Danaher Corp., Sr. Unsec’d. Notes | 2.800 | 12/10/51 | 15 | 9,351 | |
Stryker Corp., | |||||
Sr. Unsec’d. Notes | 3.375 | 05/15/24 | 10 | 9,738 | |
Sr. Unsec’d. Notes | 3.375 | 11/01/25 | 10 | 9,527 | |
Thermo Fisher Scientific, Inc., Sr. Unsec’d. Notes | 2.800 | 10/15/41 | 15 | 10,341 | |
38,957 | |||||
Healthcare-Services 1.3% | |||||
Advocate Health & Hospitals Corp., Sr. Unsec’d. Notes | 3.387 | 10/15/49 | 15 | 10,189 | |
AHS Hospital Corp., Sr. Unsec’d. Notes, Series 2021 | 2.780 | 07/01/51 | 10 | 5,848 | |
Ascension Health, Sr. Unsec’d. Notes, Series B | 2.532 | 11/15/29 | 15 | 12,502 | |
Baylor Scott & White Holdings, Unsec’d. Notes, Series 2021 | 1.777 | 11/15/30 | 30 | 22,710 | |
Children’s Health System of Texas, Unsec’d. Notes | 2.511 | 08/15/50 | 10 | 5,597 | |
Children’s Hospital Corp. (The), Gtd. Notes, Series 2017 | 4.115 | 01/01/47 | 10 | 7,932 | |
CommonSpirit Health, Sr. Sec’d. Notes | 2.760 | 10/01/24 | 20 | 19,001 |
11
PGIM Core Conservative Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Healthcare-Services (cont’d.) | |||||
Elevance Health, Inc., | |||||
Sr. Unsec’d. Notes | 3.650 % | 12/01/27 | 40 | $37,020 | |
Sr. Unsec’d. Notes | 4.101 | 03/01/28 | 50 | 46,955 | |
Sr. Unsec’d. Notes | 4.625 | 05/15/42 | 35 | 29,665 | |
Kaiser Foundation Hospitals, | |||||
Gtd. Notes | 4.150 | 05/01/47 | 15 | 11,822 | |
Unsec’d. Notes, Series 2021 | 2.810 | 06/01/41 | 70 | 46,913 | |
Memorial Sloan-Kettering Cancer Center, | |||||
Sr. Unsec’d. Notes | 5.000 | 07/01/42 | 30 | 27,415 | |
Unsec’d. Notes, Series 2020 | 2.955 | 01/01/50 | 10 | 6,184 | |
Methodist Hospital (The), Unsec’d. Notes, Series 20A | 2.705 | 12/01/50 | 25 | 14,318 | |
Mount Sinai Hospitals Group, Inc., Sec’d. Notes, Series 2019 | 3.737 | 07/01/49 | 10 | 6,948 | |
New York & Presbyterian Hospital (The), Unsec’d. Notes | 4.024 | 08/01/45 | 45 | 35,258 | |
NYU Langone Hospitals, Sec’d. Notes | 4.368 | 07/01/47 | 15 | 11,760 | |
OhioHealth Corp., Sec’d. Notes | 2.297 | 11/15/31 | 30 | 23,288 | |
PeaceHealth Obligated Group, Sr. Unsec’d. Notes, Series 2020 | 1.375 | 11/15/25 | 5 | 4,411 | |
Piedmont Healthcare, Inc., Sec’d. Notes, Series 2042 | 2.719 | 01/01/42 | 15 | 9,556 | |
Providence St. Joseph Health Obligated Group, | |||||
Unsec’d. Notes, Series 19A | 2.532 | 10/01/29 | 10 | 8,169 | |
Unsec’d. Notes, Series H | 2.746 | 10/01/26 | 30 | 27,363 | |
Sentara Healthcare, Sr. Unsec’d. Notes, Series 2021 | 2.927 | 11/01/51 | 15 | 8,976 | |
Stanford Health Care, | |||||
Unsec’d. Notes | 3.027 | 08/15/51 | 30 | 19,009 | |
Unsec’d. Notes, Series 2018 | 3.795 | 11/15/48 | 15 | 11,199 | |
Sutter Health, Unsec’d. Notes, Series 2018 | 4.091 | 08/15/48 | 45 | 32,530 | |
UnitedHealth Group, Inc., | |||||
Sr. Unsec’d. Notes | 3.050 | 05/15/41 | 30 | 21,251 | |
Sr. Unsec’d. Notes | 3.750 | 07/15/25 | 90 | 87,387 | |
Sr. Unsec’d. Notes | 4.250 | 06/15/48 | 15 | 12,182 | |
623,358 |
12
PGIM Core Conservative Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Insurance 0.6% | |||||
Arch Capital Finance LLC, Gtd. Notes | 4.011 % | 12/15/26 | 70 | $66,046 | |
Chubb Corp. (The), Gtd. Notes | 6.000 | 05/11/37 | 15 | 15,373 | |
CNA Financial Corp., | |||||
Sr. Unsec’d. Notes | 3.900 | 05/01/29 | 25 | 22,039 | |
Sr. Unsec’d. Notes | 3.950 | 05/15/24 | 35 | 34,176 | |
Corebridge Financial, Inc., Sr. Unsec’d. Notes, 144A | 3.900 | 04/05/32 | 30 | 25,117 | |
Everest Reinsurance Holdings, Inc., Sr. Unsec’d. Notes | 3.500 | 10/15/50 | 50 | 31,708 | |
Fairfax Financial Holdings Ltd. (Canada), Sr. Unsec’d. Notes, 144A | 5.625 | 08/16/32 | 10 | 9,056 | |
Lincoln National Corp., Sr. Unsec’d. Notes | 3.050 | 01/15/30 | 5 | 4,113 | |
Loews Corp., Sr. Unsec’d. Notes | 3.200 | 05/15/30 | 15 | 12,761 | |
Markel Corp., | |||||
Sr. Unsec’d. Notes | 3.450 | 05/07/52 | 5 | 3,168 | |
Sr. Unsec’d. Notes | 4.300 | 11/01/47 | 15 | 10,971 | |
Unum Group, Sr. Unsec’d. Notes | 4.000 | 06/15/29 | 65 | 56,774 | |
291,302 | |||||
Iron/Steel 0.2% | |||||
Nucor Corp., Sr. Unsec’d. Notes | 4.300 | 05/23/27 | 15 | 14,298 | |
Steel Dynamics, Inc., Sr. Unsec’d. Notes | 3.450 | 04/15/30 | 60 | 50,520 | |
Vale Overseas Ltd. (Brazil), Gtd. Notes | 6.250 | 08/10/26 | 20 | 20,300 | |
85,118 |
13
PGIM Core Conservative Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Lodging 0.1% | |||||
Marriott International, Inc., | |||||
Sr. Unsec’d. Notes | 3.600 % | 04/15/24 | 5 | $4,886 | |
Sr. Unsec’d. Notes, Series R | 3.125 | 06/15/26 | 45 | 41,111 | |
45,997 | |||||
Machinery-Diversified 0.2% | |||||
Flowserve Corp., Sr. Unsec’d. Notes | 2.800 | 01/15/32 | 10 | 7,170 | |
Westinghouse Air Brake Technologies Corp., | |||||
Gtd. Notes | 3.450 | 11/15/26 | 60 | 54,112 | |
Gtd. Notes | 4.950 | 09/15/28 | 30 | 27,989 | |
89,271 | |||||
Media 0.6% | |||||
Charter Communications Operating LLC/Charter Communications Operating Capital, | |||||
Sr. Sec’d. Notes | 3.700 | 04/01/51 | 45 | 26,999 | |
Sr. Sec’d. Notes | 4.800 | 03/01/50 | 15 | 10,591 | |
Sr. Sec’d. Notes | 5.375 | 04/01/38 | 45 | 36,250 | |
Sr. Sec’d. Notes | 6.484 | 10/23/45 | 75 | 66,302 | |
Comcast Corp., | |||||
Gtd. Notes | 3.450 | 02/01/50 | 25 | 16,885 | |
Gtd. Notes | 3.750 | 04/01/40 | 10 | 7,716 | |
Discovery Communications LLC, | |||||
Gtd. Notes | 4.000 | 09/15/55 | 66 | 37,877 | |
Gtd. Notes | 4.125 | 05/15/29 | 20 | 16,897 | |
Gtd. Notes | 5.300 | 05/15/49 | 25 | 18,024 | |
Walt Disney Co. (The), Gtd. Notes | 7.300 | 04/30/28 | 35 | 37,733 | |
275,274 | |||||
Mining 0.7% | |||||
Barrick North America Finance LLC (Canada), Gtd. Notes | 5.700 | 05/30/41 | 85 | 79,669 | |
Barrick PD Australia Finance Pty Ltd. (Canada), Gtd. Notes | 5.950 | 10/15/39 | 20 | 19,142 |
14
PGIM Core Conservative Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Mining (cont’d.) | |||||
Freeport-McMoRan, Inc., | |||||
Gtd. Notes | 4.125 % | 03/01/28 | 20 | $17,952 | |
Gtd. Notes | 4.375 | 08/01/28 | 55 | 49,616 | |
Gtd. Notes | 5.400 | 11/14/34 | 25 | 22,338 | |
Kinross Gold Corp. (Canada), Gtd. Notes | 4.500 | 07/15/27 | 35 | 32,495 | |
Newmont Corp., | |||||
Gtd. Notes | 2.250 | 10/01/30 | 40 | 30,905 | |
Gtd. Notes | 2.600 | 07/15/32 | 5 | 3,813 | |
Gtd. Notes | 2.800 | 10/01/29 | 45 | 37,202 | |
Gtd. Notes | 5.450 | 06/09/44 | 25 | 22,252 | |
315,384 | |||||
Miscellaneous Manufacturing 0.3% | |||||
Carlisle Cos., Inc., Sr. Unsec’d. Notes | 2.200 | 03/01/32 | 50 | 36,790 | |
Eaton Corp., Gtd. Notes | 4.700 | 08/23/52 | 10 | 8,508 | |
Pentair Finance Sarl, Gtd. Notes | 4.500 | 07/01/29 | 15 | 13,319 | |
Teledyne Technologies, Inc., Gtd. Notes | 2.250 | 04/01/28 | 65 | 53,903 | |
Textron, Inc., Sr. Unsec’d. Notes | 2.450 | 03/15/31 | 50 | 38,343 | |
150,863 | |||||
Oil & Gas 0.4% | |||||
Cenovus Energy, Inc. (Canada), Sr. Unsec’d. Notes | 3.750 | 02/15/52 | 15 | 9,928 | |
Chevron Corp., Sr. Unsec’d. Notes | 3.078 | 05/11/50 | 5 | 3,420 | |
Devon Energy Corp., Sr. Unsec’d. Notes | 5.600 | 07/15/41 | 10 | 9,134 | |
Diamondback Energy, Inc., Gtd. Notes | 3.500 | 12/01/29 | 40 | 34,563 | |
EOG Resources, Inc., Sr. Unsec’d. Notes | 3.900 | 04/01/35 | 20 | 17,050 |
15
PGIM Core Conservative Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Oil & Gas (cont’d.) | |||||
Equinor ASA (Norway), Gtd. Notes | 3.700 % | 04/06/50 | 20 | $14,950 | |
Exxon Mobil Corp., Sr. Unsec’d. Notes | 4.114 | 03/01/46 | 15 | 12,036 | |
Phillips 66 Co., | |||||
Gtd. Notes, 144A | 3.750 | 03/01/28 | 10 | 8,996 | |
Gtd. Notes, 144A | 4.900 | 10/01/46 | 25 | 20,826 | |
Pioneer Natural Resources Co., | |||||
Sr. Unsec’d. Notes | 1.900 | 08/15/30 | 40 | 30,824 | |
Sr. Unsec’d. Notes | 2.150 | 01/15/31 | 10 | 7,749 | |
TotalEnergies Capital International SA (France), Gtd. Notes | 2.829 | 01/10/30 | 25 | 21,489 | |
190,965 | |||||
Oil & Gas Services 0.0% | |||||
Halliburton Co., Sr. Unsec’d. Notes | 4.750 | 08/01/43 | 10 | 8,072 | |
Packaging & Containers 0.1% | |||||
Berry Global, Inc., | |||||
Sr. Sec’d. Notes | 0.950 | 02/15/24 | 30 | 28,243 | |
Sr. Sec’d. Notes | 1.570 | 01/15/26 | 45 | 39,020 | |
67,263 | |||||
Pharmaceuticals 1.2% | |||||
AbbVie, Inc., | |||||
Sr. Unsec’d. Notes | 4.250 | 11/21/49 | 40 | 31,023 | |
Sr. Unsec’d. Notes | 4.550 | 03/15/35 | 40 | 35,598 | |
Sr. Unsec’d. Notes | 4.700 | 05/14/45 | 40 | 33,294 | |
Astrazeneca Finance LLC (United Kingdom), Gtd. Notes | 2.250 | 05/28/31 | 10 | 8,062 | |
Becton, Dickinson & Co., Sr. Unsec’d. Notes | 3.734 | 12/15/24 | 9 | 8,743 | |
Cigna Corp., | |||||
Gtd. Notes | 4.500 | 02/25/26 | 60 | 58,579 | |
Gtd. Notes | 4.900 | 12/15/48 | 15 | 12,715 | |
CVS Health Corp., | |||||
Sr. Unsec’d. Notes | 4.300 | 03/25/28 | 10 | 9,389 |
16
PGIM Core Conservative Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Pharmaceuticals (cont’d.) | |||||
CVS Health Corp., (cont’d.) | |||||
Sr. Unsec’d. Notes | 4.780 % | 03/25/38 | 35 | $30,348 | |
Sr. Unsec’d. Notes | 5.125 | 07/20/45 | 35 | 30,027 | |
Johnson & Johnson, Sr. Unsec’d. Notes | 3.625 | 03/03/37 | 25 | 21,328 | |
Merck & Co., Inc., Sr. Unsec’d. Notes | 3.400 | 03/07/29 | 10 | 9,131 | |
Mylan, Inc., Gtd. Notes | 5.200 | 04/15/48 | 65 | 44,123 | |
Takeda Pharmaceutical Co. Ltd. (Japan), Sr. Unsec’d. Notes | 2.050 | 03/31/30 | 135 | 106,362 | |
Utah Acquisition Sub, Inc., Gtd. Notes | 3.950 | 06/15/26 | 20 | 18,213 | |
Viatris, Inc., | |||||
Gtd. Notes | 3.850 | 06/22/40 | 45 | 28,019 | |
Gtd. Notes | 4.000 | 06/22/50 | 40 | 23,289 | |
Wyeth LLC, Gtd. Notes | 6.450 | 02/01/24 | 50 | 50,865 | |
559,108 | |||||
Pipelines 1.5% | |||||
Energy Transfer LP, | |||||
Sr. Unsec’d. Notes | 3.900 | 07/15/26 | 55 | 50,789 | |
Sr. Unsec’d. Notes | 4.200 | 04/15/27 | 30 | 27,609 | |
Sr. Unsec’d. Notes | 4.750 | 01/15/26 | 40 | 38,368 | |
Sr. Unsec’d. Notes | 4.900 | 03/15/35 | 30 | 25,084 | |
Sr. Unsec’d. Notes | 5.300 | 04/15/47 | 10 | 7,853 | |
Sr. Unsec’d. Notes | 6.000 | 06/15/48 | 15 | 12,662 | |
Sr. Unsec’d. Notes | 6.125 | 12/15/45 | 50 | 42,803 | |
Sr. Unsec’d. Notes | 6.625 | 10/15/36 | 10 | 9,454 | |
Enterprise Products Operating LLC, Gtd. Notes | 4.850 | 03/15/44 | 60 | 49,262 | |
Magellan Midstream Partners LP, | |||||
Sr. Unsec’d. Notes | 3.250 | 06/01/30 | 10 | 8,369 | |
Sr. Unsec’d. Notes | 3.950 | 03/01/50 | 10 | 6,822 | |
MPLX LP, | |||||
Sr. Unsec’d. Notes | 2.650 | 08/15/30 | 90 | 70,870 | |
Sr. Unsec’d. Notes | 4.125 | 03/01/27 | 10 | 9,292 | |
Sr. Unsec’d. Notes | 4.500 | 07/15/23 | 20 | 19,884 |
17
PGIM Core Conservative Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Pipelines (cont’d.) | |||||
MPLX LP, (cont’d.) | |||||
Sr. Unsec’d. Notes | 4.500 % | 04/15/38 | 20 | $15,989 | |
Sr. Unsec’d. Notes | 4.700 | 04/15/48 | 50 | 37,311 | |
ONEOK, Inc., | |||||
Gtd. Notes | 3.100 | 03/15/30 | 155 | 125,405 | |
Gtd. Notes | 4.450 | 09/01/49 | 20 | 13,759 | |
Gtd. Notes | 4.950 | 07/13/47 | 10 | 7,591 | |
Plains All American Pipeline LP/PAA Finance Corp., Sr. Unsec’d. Notes | 3.550 | 12/15/29 | 25 | 20,859 | |
Targa Resources Corp., Gtd. Notes | 4.200 | 02/01/33 | 15 | 12,556 | |
Transcontinental Gas Pipe Line Co. LLC, | |||||
Sr. Unsec’d. Notes | 3.250 | 05/15/30 | 70 | 58,976 | |
Sr. Unsec’d. Notes | 4.600 | 03/15/48 | 25 | 19,874 | |
Williams Cos., Inc. (The), | |||||
Sr. Unsec’d. Notes | 3.750 | 06/15/27 | 30 | 27,550 | |
Sr. Unsec’d. Notes | 4.850 | 03/01/48 | 5 | 3,999 | |
722,990 | |||||
Real Estate Investment Trusts (REITs) 1.0% | |||||
Brixmor Operating Partnership LP, Sr. Unsec’d. Notes | 2.500 | 08/16/31 | 50 | 35,865 | |
Corporate Office Properties LP, Gtd. Notes | 2.900 | 12/01/33 | 30 | 20,247 | |
CubeSmart LP, Gtd. Notes | 2.250 | 12/15/28 | 20 | 16,039 | |
Essex Portfolio LP, Gtd. Notes | 1.700 | 03/01/28 | 15 | 12,048 | |
GLP Capital LP/GLP Financing II, Inc., Gtd. Notes | 3.250 | 01/15/32 | 10 | 7,412 | |
Healthpeak Properties, Inc., Sr. Unsec’d. Notes | 3.000 | 01/15/30 | 20 | 16,506 | |
Host Hotels & Resorts LP, Sr. Unsec’d. Notes, Series J | 2.900 | 12/15/31 | 15 | 10,860 | |
Kimco Realty Corp., | |||||
Sr. Unsec’d. Notes | 1.900 | 03/01/28 | 50 | 40,575 | |
Sr. Unsec’d. Notes | 3.200 | 04/01/32 | 25 | 19,902 | |
Realty Income Corp., | |||||
Sr. Unsec’d. Notes | 3.100 | 12/15/29 | 60 | 50,483 |
18
PGIM Core Conservative Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Real Estate Investment Trusts (REITs) (cont’d.) | |||||
Realty Income Corp., (cont’d.) | |||||
Sr. Unsec’d. Notes | 3.400 % | 01/15/28 | 10 | $8,962 | |
Simon Property Group LP, | |||||
Sr. Unsec’d. Notes | 2.450 | 09/13/29 | 55 | 44,075 | |
Sr. Unsec’d. Notes | 3.375 | 10/01/24 | 70 | 67,375 | |
Sr. Unsec’d. Notes | 3.500 | 09/01/25 | 5 | 4,749 | |
Sr. Unsec’d. Notes | 3.750 | 02/01/24 | 10 | 9,815 | |
Spirit Realty LP, Gtd. Notes | 2.700 | 02/15/32 | 25 | 17,692 | |
Ventas Realty LP, Gtd. Notes | 3.850 | 04/01/27 | 10 | 9,237 | |
VICI Properties LP, Sr. Unsec’d. Notes | 4.750 | 02/15/28 | 25 | 22,828 | |
Welltower, Inc., Sr. Unsec’d. Notes | 2.700 | 02/15/27 | 10 | 8,846 | |
Weyerhaeuser Co., Sr. Unsec’d. Notes | 4.000 | 04/15/30 | 40 | 34,930 | |
WP Carey, Inc., Sr. Unsec’d. Notes | 2.400 | 02/01/31 | 40 | 30,129 | |
488,575 | |||||
Retail 0.4% | |||||
AutoZone, Inc., | |||||
Sr. Unsec’d. Notes | 1.650 | 01/15/31 | 5 | 3,703 | |
Sr. Unsec’d. Notes | 3.750 | 04/18/29 | 30 | 26,865 | |
Home Depot, Inc. (The), | |||||
Sr. Unsec’d. Notes | 3.750 | 02/15/24 | 85 | 84,069 | |
Sr. Unsec’d. Notes | 3.900 | 06/15/47 | 20 | 15,440 | |
Lowe’s Cos., Inc., Sr. Unsec’d. Notes | 3.100 | 05/03/27 | 20 | 18,264 | |
McDonald’s Corp., Sr. Unsec’d. Notes, MTN | 4.700 | 12/09/35 | 25 | 22,783 | |
O’Reilly Automotive, Inc., | |||||
Sr. Unsec’d. Notes | 1.750 | 03/15/31 | 15 | 11,145 | |
Sr. Unsec’d. Notes | 4.700 | 06/15/32 | 20 | 18,709 | |
200,978 |
19
PGIM Core Conservative Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Semiconductors 0.3% | |||||
Broadcom, Inc., | |||||
Gtd. Notes, 144A | 3.500 % | 02/15/41 | 20 | $13,348 | |
Sr. Unsec’d. Notes, 144A | 3.419 | 04/15/33 | 47 | 35,844 | |
Sr. Unsec’d. Notes, 144A | 4.926 | 05/15/37 | 85 | 70,057 | |
119,249 | |||||
Software 0.5% | |||||
Fidelity National Information Services, Inc., Sr. Unsec’d. Notes | 3.100 | 03/01/41 | 10 | 6,536 | |
Fiserv, Inc., | |||||
Sr. Unsec’d. Notes | 2.750 | 07/01/24 | 5 | 4,782 | |
Sr. Unsec’d. Notes | 3.850 | 06/01/25 | 15 | 14,391 | |
Intuit, Inc., Sr. Unsec’d. Notes | 1.350 | 07/15/27 | 5 | 4,223 | |
Microsoft Corp., Sr. Unsec’d. Notes | 2.921 | 03/17/52 | 22 | 14,896 | |
Oracle Corp., | |||||
Sr. Unsec’d. Notes | 2.800 | 04/01/27 | 85 | 75,158 | |
Sr. Unsec’d. Notes | 2.950 | 05/15/25 | 75 | 70,524 | |
ServiceNow, Inc., Sr. Unsec’d. Notes | 1.400 | 09/01/30 | 30 | 22,100 | |
Workday, Inc., | |||||
Sr. Unsec’d. Notes | 3.500 | 04/01/27 | 10 | 9,228 | |
Sr. Unsec’d. Notes | 3.700 | 04/01/29 | 25 | 22,279 | |
244,117 | |||||
Telecommunications 0.7% | |||||
AT&T, Inc., | |||||
Sr. Unsec’d. Notes | 1.700 | 03/25/26 | 10 | 8,820 | |
Sr. Unsec’d. Notes | 2.550 | 12/01/33 | 10 | 7,377 | |
Sr. Unsec’d. Notes | 3.500 | 06/01/41 | 100 | 70,658 | |
Sr. Unsec’d. Notes | 3.550 | 09/15/55 | 60 | 37,976 | |
Sr. Unsec’d. Notes | 3.800 | 12/01/57 | 30 | 19,766 | |
T-Mobile USA, Inc., | |||||
Sr. Unsec’d. Notes | 3.000 | 02/15/41 | 85 | 57,077 | |
Sr. Unsec’d. Notes | 3.875 | 04/15/30 | 30 | 26,546 | |
Verizon Communications, Inc., | |||||
Sr. Unsec’d. Notes | 2.650 | 11/20/40 | 10 | 6,347 |
20
PGIM Core Conservative Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Telecommunications (cont’d.) | |||||
Verizon Communications, Inc., (cont’d.) | |||||
Sr. Unsec’d. Notes | 3.400 % | 03/22/41 | 45 | $31,915 | |
Sr. Unsec’d. Notes | 4.016 | 12/03/29 | 45 | 40,655 | |
307,137 | |||||
Transportation 0.3% | |||||
Burlington Northern Santa Fe LLC, Sr. Unsec’d. Notes | 3.750 | 04/01/24 | 75 | 73,687 | |
CSX Corp., | |||||
Sr. Unsec’d. Notes | 3.800 | 03/01/28 | 35 | 32,664 | |
Sr. Unsec’d. Notes | 4.100 | 03/15/44 | 10 | 7,879 | |
Union Pacific Corp., | |||||
Sr. Unsec’d. Notes | 3.000 | 04/15/27 | 15 | 13,759 | |
Sr. Unsec’d. Notes | 3.600 | 09/15/37 | 10 | 8,034 | |
Sr. Unsec’d. Notes | 3.799 | 04/06/71 | 5 | 3,391 | |
139,414 | |||||
Total Corporate Bonds (cost $13,442,286) | 10,778,328 | ||||
Municipal Bonds 0.9% | |||||
Arizona 0.1% | |||||
Salt River Project Agricultural Improvement & Power District, Revenue Bonds, BABs | 4.839 | 01/01/41 | 35 | 32,749 | |
California 0.3% | |||||
Bay Area Toll Authority, | |||||
Revenue Bonds, BABs, Series F2 | 6.263 | 04/01/49 | 50 | 53,964 | |
Taxable, Revenue Bonds | 2.574 | 04/01/31 | 15 | 12,843 | |
Los Angeles Department of Water & Power, Power System Revenue, Revenue Bonds, BABs | 5.716 | 07/01/39 | 20 | 20,470 | |
State of California, General Obligation Unlimited, Taxable, BABs | 7.550 | 04/01/39 | 30 | 35,614 | |
122,891 |
21
PGIM Core Conservative Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Illinois 0.0% | |||||
State of Illinois, General Obligation Unlimited, Taxable | 5.100 % | 06/01/33 | 25 | $23,242 | |
Michigan 0.1% | |||||
Michigan Finance Authority, Taxable, Revenue Bonds | 3.384 | 12/01/40 | 15 | 11,162 | |
University of Michigan, | |||||
Taxable, Revenue Bonds, Series B | 2.437 | 04/01/40 | 25 | 16,824 | |
Taxable, Revenue Bonds, Series B | 3.504 | 04/01/52 | 30 | 21,480 | |
49,466 | |||||
New Jersey 0.1% | |||||
New Jersey Turnpike Authority, Taxable, Revenue Bonds, BABs, Series F | 7.414 | 01/01/40 | 60 | 70,387 | |
New York 0.1% | |||||
New York State Dormitory Authority, Taxable, Revenue Bonds, Series C | 2.202 | 03/15/34 | 30 | 21,755 | |
Port Authority of New York & New Jersey, Consolidated, Taxable, Revenue Bonds, Series 174 | 4.458 | 10/01/62 | 15 | 12,161 | |
33,916 | |||||
Ohio 0.1% | |||||
JobsOhio Beverage System, Taxable, Revenue Bonds, Series A | 2.833 | 01/01/38 | 5 | 3,632 | |
Ohio State University (The), | |||||
Taxable, Revenue Bonds, Series A | 4.048 | 12/01/56 | 12 | 9,169 | |
Taxable, Revenue Bonds, Series A | 4.800 | 06/01/2111 | 25 | 19,907 | |
Taxable, Revenue Bonds, BABs, Series C | 4.910 | 06/01/40 | 10 | 9,315 | |
42,023 | |||||
Texas 0.0% | |||||
Texas Private Activity Bond Surface Transportation Corp., Taxable, Revenue Bonds, Series B | 3.922 | 12/31/49 | 15 | 10,764 |
22
PGIM Core Conservative Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Virginia 0.1% | |||||
University of Virginia, Taxable, Revenue Bonds, Series B | 2.584 % | 11/01/51 | 40 | $23,721 | |
Total Municipal Bonds (cost $534,445) | 409,159 | ||||
Sovereign Bonds 1.7% | |||||
Indonesia Government International Bond (Indonesia), Sr. Unsec’d. Notes | 3.500 | 01/11/28 | 200 | 182,475 | |
Israel Government International Bond (Israel), Sr. Unsec’d. Notes | 2.875 | 03/16/26 | 225 | 209,925 | |
Mexico Government International Bond (Mexico), | |||||
Sr. Unsec’d. Notes | 4.500 | 04/22/29 | 200 | 186,000 | |
Sr. Unsec’d. Notes, MTN | 4.750 | 03/08/44 | 66 | 50,090 | |
Peruvian Government International Bond (Peru), Sr. Unsec’d. Notes | 2.783 | 01/23/31 | 32 | 25,216 | |
Philippine Government International Bond (Philippines), Sr. Unsec’d. Notes | 7.750 | 01/14/31 | 100 | 112,511 | |
Province of Quebec (Canada), Debentures, Series NN | 7.125 | 02/09/24 | 30 | 30,824 | |
Uruguay Government International Bond (Uruguay), Sr. Unsec’d. Notes | 5.100 | 06/18/50 | 25 | 22,372 | |
Total Sovereign Bonds (cost $968,124) | 819,413 | ||||
U.S. Government Agency Obligations 30.9% | |||||
Federal Home Loan Bank | 3.250 | 11/16/28 | 50 | 47,003 | |
Federal Home Loan Mortgage Corp. | 0.375 | 05/05/23 | 105 | 102,756 | |
Federal Home Loan Mortgage Corp. | 1.500 | 10/01/50 | 212 | 158,168 | |
Federal Home Loan Mortgage Corp. | 2.000 | 01/01/32 | 30 | 26,976 | |
Federal Home Loan Mortgage Corp. | 2.000 | 12/01/50 | 405 | 320,703 | |
Federal Home Loan Mortgage Corp. | 2.000 | 05/01/51 | 477 | 377,465 | |
Federal Home Loan Mortgage Corp. | 2.500 | 07/01/31 | 78 | 72,174 | |
Federal Home Loan Mortgage Corp. | 2.500 | 04/01/51 | 255 | 209,980 | |
Federal Home Loan Mortgage Corp. | 2.500 | 10/01/51 | 373 | 307,990 | |
Federal Home Loan Mortgage Corp. | 3.000 | 02/01/32 | 22 | 20,894 | |
Federal Home Loan Mortgage Corp. | 3.000 | 02/01/32 | 27 | 25,845 | |
Federal Home Loan Mortgage Corp. | 3.000 | 01/01/37 | 9 | 7,763 | |
Federal Home Loan Mortgage Corp. | 3.000 | 12/01/37 | 12 | 10,928 |
23
PGIM Core Conservative 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 Mortgage Corp. | 3.000 % | 12/01/42 | 86 | $75,309 | |
Federal Home Loan Mortgage Corp. | 3.000 | 11/01/46 | 24 | 20,529 | |
Federal Home Loan Mortgage Corp. | 3.000 | 01/01/47 | 153 | 132,720 | |
Federal Home Loan Mortgage Corp. | 3.000 | 03/01/47 | 105 | 90,855 | |
Federal Home Loan Mortgage Corp. | 3.000 | 12/01/47 | 59 | 51,270 | |
Federal Home Loan Mortgage Corp. | 3.000 | 12/01/47 | 90 | 78,153 | |
Federal Home Loan Mortgage Corp. | 3.500 | 11/01/37 | 14 | 13,000 | |
Federal Home Loan Mortgage Corp. | 3.500 | 06/01/42 | 21 | 18,960 | |
Federal Home Loan Mortgage Corp. | 3.500 | 04/01/46 | 27 | 23,932 | |
Federal Home Loan Mortgage Corp. | 3.500 | 11/01/47 | 36 | 32,610 | |
Federal Home Loan Mortgage Corp. | 3.500 | 11/01/47 | 45 | 40,197 | |
Federal Home Loan Mortgage Corp. | 3.500 | 02/01/48 | 130 | 116,892 | |
Federal Home Loan Mortgage Corp. | 3.500 | 04/01/48 | 255 | 228,960 | |
Federal Home Loan Mortgage Corp. | 4.000 | 10/01/45 | 24 | 22,156 | |
Federal Home Loan Mortgage Corp. | 4.000 | 05/01/46 | 48 | 45,308 | |
Federal Home Loan Mortgage Corp. | 4.000 | 03/01/47 | 23 | 21,520 | |
Federal Home Loan Mortgage Corp. | 4.000 | 01/01/48 | 39 | 36,255 | |
Federal Home Loan Mortgage Corp. | 4.500 | 07/01/47 | 48 | 45,612 | |
Federal Home Loan Mortgage Corp. | 4.500 | 12/01/48 | 12 | 11,632 | |
Federal Home Loan Mortgage Corp. | 6.250 | 07/15/32 | 45 | 50,890 | |
Federal National Mortgage Assoc. | 0.500 | 06/17/25 | 50 | 45,057 | |
Federal National Mortgage Assoc. | 0.500 | 11/07/25 | 30 | 26,669 | |
Federal National Mortgage Assoc. | 0.875 | 08/05/30 | 75 | 57,568 | |
Federal National Mortgage Assoc. | 1.500 | 10/01/50 | 226 | 168,453 | |
Federal National Mortgage Assoc. | 1.500 | 11/01/50 | 228 | 169,813 | |
Federal National Mortgage Assoc. | 1.500 | 02/01/51 | 199 | 148,186 | |
Federal National Mortgage Assoc. | 2.000 | 07/01/40 | 177 | 146,498 | |
Federal National Mortgage Assoc. | 2.000 | 01/01/41 | 409 | 334,929 | |
Federal National Mortgage Assoc. | 2.000 | 05/01/41 | 420 | 346,252 | |
Federal National Mortgage Assoc. | 2.000 | 09/01/50 | 306 | 241,904 | |
Federal National Mortgage Assoc. | 2.000 | 12/01/50 | 161 | 128,158 | |
Federal National Mortgage Assoc. | 2.000 | 01/01/51 | 290 | 229,469 | |
Federal National Mortgage Assoc. | 2.000 | 03/01/51 | 132 | 104,767 | |
Federal National Mortgage Assoc. | 2.000 | 05/01/51 | 235 | 186,280 | |
Federal National Mortgage Assoc. | 2.500 | 02/05/24 | 65 | 63,294 | |
Federal National Mortgage Assoc. | 2.500 | 06/01/28 | 65 | 60,660 | |
Federal National Mortgage Assoc. | 2.500 | 01/01/32 | 78 | 72,186 | |
Federal National Mortgage Assoc. | 2.500 | 02/01/43 | 33 | 27,836 | |
Federal National Mortgage Assoc. | 2.500 | 09/01/46 | 31 | 26,178 | |
Federal National Mortgage Assoc. | 2.500 | 09/01/46 | 57 | 47,381 | |
Federal National Mortgage Assoc. | 2.500 | 05/01/50 | 190 | 157,275 | |
Federal National Mortgage Assoc. | 2.500 | 08/01/50 | 354 | 292,178 |
24
PGIM Core Conservative 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 National Mortgage Assoc. | 2.500 % | 10/01/50 | 397 | $327,551 | |
Federal National Mortgage Assoc. | 2.500 | 04/01/51 | 783 | 644,036 | |
Federal National Mortgage Assoc. | 2.500 | 08/01/51 | 106 | 87,531 | |
Federal National Mortgage Assoc. | 2.500 | 02/01/52 | 124 | 101,852 | |
Federal National Mortgage Assoc. | 3.000 | 11/01/28 | 41 | 38,447 | |
Federal National Mortgage Assoc. | 3.000 | 01/01/30 | 80 | 75,943 | |
Federal National Mortgage Assoc. | 3.000 | 12/01/36 | 27 | 24,301 | |
Federal National Mortgage Assoc. | 3.000 | 10/01/42 | 16 | 13,688 | |
Federal National Mortgage Assoc. | 3.000 | 12/01/42 | 95 | 83,609 | |
Federal National Mortgage Assoc. | 3.000 | 02/01/43 | 181 | 158,947 | |
Federal National Mortgage Assoc. | 3.000 | 04/01/43 | 48 | 42,138 | |
Federal National Mortgage Assoc. | 3.000 | 08/01/43 | 143 | 125,684 | |
Federal National Mortgage Assoc. | 3.000 | 01/01/47 | 157 | 135,185 | |
Federal National Mortgage Assoc. | 3.000 | 02/01/47 | 106 | 91,672 | |
Federal National Mortgage Assoc. | 3.000 | 01/01/50 | 83 | 71,020 | |
Federal National Mortgage Assoc. | 3.000 | 04/01/52 | 744 | 633,655 | |
Federal National Mortgage Assoc. | 3.500 | TBA | 750 | 659,113 | |
Federal National Mortgage Assoc. | 3.500 | 08/01/31 | 29 | 28,191 | |
Federal National Mortgage Assoc. | 3.500 | 10/01/32 | 13 | 12,238 | |
Federal National Mortgage Assoc. | 3.500 | 06/01/33 | 18 | 16,972 | |
Federal National Mortgage Assoc. | 3.500 | 01/01/42 | 66 | 59,921 | |
Federal National Mortgage Assoc. | 3.500 | 03/01/42 | 64 | 58,280 | |
Federal National Mortgage Assoc. | 3.500 | 10/01/42 | 189 | 171,515 | |
Federal National Mortgage Assoc. | 3.500 | 11/01/42 | 45 | 40,869 | |
Federal National Mortgage Assoc. | 3.500 | 08/01/43 | 60 | 54,762 | |
Federal National Mortgage Assoc. | 3.500 | 03/01/45 | 103 | 92,743 | |
Federal National Mortgage Assoc. | 3.500 | 01/01/46 | 20 | 18,120 | |
Federal National Mortgage Assoc. | 3.500 | 12/01/46 | 193 | 173,358 | |
Federal National Mortgage Assoc. | 3.500 | 01/01/47 | 42 | 38,293 | |
Federal National Mortgage Assoc. | 3.500 | 09/01/47 | 64 | 57,975 | |
Federal National Mortgage Assoc. | 3.500 | 07/01/52 | 499 | 439,196 | |
Federal National Mortgage Assoc. | 4.000 | 01/01/41 | 118 | 111,248 | |
Federal National Mortgage Assoc. | 4.000 | 04/01/41 | 67 | 62,807 | |
Federal National Mortgage Assoc. | 4.000 | 02/01/47 | 64 | 59,878 | |
Federal National Mortgage Assoc. | 4.000 | 04/01/48 | 110 | 102,330 | |
Federal National Mortgage Assoc. | 4.000 | 12/01/48 | 99 | 91,516 | |
Federal National Mortgage Assoc. | 4.000 | 03/01/49 | 209 | 193,564 | |
Federal National Mortgage Assoc. | 4.000 | 04/01/52 | 239 | 217,123 | |
Federal National Mortgage Assoc. | 4.500 | 03/01/41 | 63 | 61,311 | |
Federal National Mortgage Assoc. | 4.500 | 02/01/44 | 55 | 53,510 | |
Federal National Mortgage Assoc. | 4.500 | 01/01/45 | 59 | 56,991 | |
Federal National Mortgage Assoc. | 4.500 | 04/01/48 | 33 | 31,339 |
25
PGIM Core Conservative 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 National Mortgage Assoc. | 4.500 % | 05/01/48 | 10 | $9,562 | |
Federal National Mortgage Assoc. | 4.500 | 08/01/48 | 13 | 12,158 | |
Federal National Mortgage Assoc. | 4.500 | 02/01/49 | 11 | 10,047 | |
Federal National Mortgage Assoc. | 4.500 | 06/01/52 | 114 | 106,628 | |
Federal National Mortgage Assoc. | 5.000 | 11/01/35 | 79 | 79,381 | |
Federal National Mortgage Assoc. | 5.000 | 06/01/40 | 16 | 15,744 | |
Federal National Mortgage Assoc. | 5.000 | 03/01/42 | 31 | 30,551 | |
Federal National Mortgage Assoc. | 5.500 | TBA | 500 | 492,126 | |
Federal National Mortgage Assoc. | 6.625 | 11/15/30 | 40 | 45,657 | |
Government National Mortgage Assoc. | 2.000 | 12/20/51 | 237 | 195,139 | |
Government National Mortgage Assoc. | 2.500 | 03/20/43 | 8 | 6,649 | |
Government National Mortgage Assoc. | 2.500 | 12/20/46 | 13 | 11,344 | |
Government National Mortgage Assoc. | 2.500 | 05/20/51 | 448 | 381,095 | |
Government National Mortgage Assoc. | 3.000 | 01/20/43 | 68 | 61,068 | |
Government National Mortgage Assoc. | 3.000 | 04/20/45 | 27 | 24,519 | |
Government National Mortgage Assoc. | 3.000 | 07/20/46 | 48 | 42,666 | |
Government National Mortgage Assoc. | 3.000 | 09/20/46 | 49 | 43,338 | |
Government National Mortgage Assoc. | 3.000 | 03/20/49 | 62 | 54,714 | |
Government National Mortgage Assoc. | 3.000 | 06/20/51 | 94 | 81,829 | |
Government National Mortgage Assoc. | 3.000 | 08/20/51 | 236 | 206,852 | |
Government National Mortgage Assoc. | 3.500 | 12/20/42 | 138 | 126,803 | |
Government National Mortgage Assoc. | 3.500 | 01/20/44 | 38 | 34,760 | |
Government National Mortgage Assoc. | 3.500 | 04/20/45 | 20 | 18,165 | |
Government National Mortgage Assoc. | 3.500 | 07/20/46 | 86 | 78,666 | |
Government National Mortgage Assoc. | 3.500 | 08/20/46 | 132 | 120,064 | |
Government National Mortgage Assoc. | 3.500 | 09/20/46 | 20 | 18,636 | |
Government National Mortgage Assoc. | 3.500 | 07/20/47 | 56 | 50,768 | |
Government National Mortgage Assoc. | 3.500 | 11/20/47 | 37 | 33,429 | |
Government National Mortgage Assoc. | 4.000 | 12/20/45 | 59 | 55,701 | |
Government National Mortgage Assoc. | 4.000 | 10/20/46 | 3 | 3,215 | |
Government National Mortgage Assoc. | 4.000 | 03/20/47 | 28 | 26,251 | |
Government National Mortgage Assoc. | 4.000 | 07/20/47 | 36 | 33,256 | |
Government National Mortgage Assoc. | 4.000 | 09/20/47 | 92 | 86,029 | |
Government National Mortgage Assoc. | 4.000 | 03/20/49 | 15 | 13,607 | |
Government National Mortgage Assoc. | 4.500 | TBA | 250 | 236,914 | |
Government National Mortgage Assoc. | 4.500 | 04/20/41 | 12 | 12,057 | |
Government National Mortgage Assoc. | 4.500 | 03/20/44 | 32 | 31,419 | |
Government National Mortgage Assoc. | 4.500 | 12/20/44 | 30 | 29,233 | |
Government National Mortgage Assoc. | 4.500 | 11/20/46 | 15 | 15,000 | |
Government National Mortgage Assoc. | 4.500 | 01/20/47 | 5 | 4,721 | |
Government National Mortgage Assoc. | 5.000 | 04/20/45 | 24 | 23,591 | |
Government National Mortgage Assoc. | 5.500 | 12/15/33 | 10 | 10,042 |
26
PGIM Core Conservative 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) | |||||
Tennessee Valley Authority, Sr. Unsec’d. Notes | 0.750 % | 05/15/25 | 25 | $22,721 | |
Tennessee Valley Authority, Sr. Unsec’d. Notes | 1.500 | 09/15/31 | 40 | 30,913 | |
Total U.S. Government Agency Obligations (cost $16,959,345) | 14,571,846 | ||||
U.S. Treasury Obligations 36.4% | |||||
U.S. Treasury Bonds | 1.375 | 11/15/40 | 1,300 | 802,953 | |
U.S. Treasury Bonds | 1.375 | 08/15/50 | 105 | 55,978 | |
U.S. Treasury Bonds | 1.750 | 08/15/41 | 70 | 45,545 | |
U.S. Treasury Bonds | 1.875 | 11/15/51 | 380 | 231,503 | |
U.S. Treasury Bonds | 2.000 | 02/15/50 | 105 | 66,790 | |
U.S. Treasury Bonds | 2.250 | 05/15/41 | 1,425 | 1,027,781 | |
U.S. Treasury Bonds | 2.375 | 05/15/51 | 150 | 103,852 | |
U.S. Treasury Bonds | 2.500 | 02/15/46 | 350 | 250,195 | |
U.S. Treasury Bonds | 2.750 | 08/15/47 | 220 | 165,000 | |
U.S. Treasury Bonds | 2.875 | 05/15/52 | 40 | 31,063 | |
U.S. Treasury Bonds | 3.375 | 08/15/42 | 15 | 12,947 | |
U.S. Treasury Bonds | 3.625 | 08/15/43 | 739 | 655,524 | |
U.S. Treasury Bonds | 6.250 | 08/15/23 | 790 | 799,412 | |
U.S. Treasury Notes | 0.375 | 04/30/25 | 50 | 45,281 | |
U.S. Treasury Notes | 0.375 | 01/31/26 | 380 | 333,866 | |
U.S. Treasury Notes | 0.750 | 03/31/26 | 1,990 | 1,761,150 | |
U.S. Treasury Notes | 0.750 | 04/30/26 | 870 | 767,775 | |
U.S. Treasury Notes | 0.875 | 06/30/26 | 1,110 | 978,968 | |
U.S. Treasury Notes | 1.250 | 11/30/26 | 990 | 876,459 | |
U.S. Treasury Notes | 1.250 | 12/31/26 | 215 | 189,973 | |
U.S. Treasury Notes | 1.500 | 11/30/28 | 441 | 376,111 | |
U.S. Treasury Notes | 2.000 | 08/15/25 | 385 | 360,336 | |
U.S. Treasury Notes | 2.125 | 07/31/24 | 1,770 | 1,696,296 | |
U.S. Treasury Notes | 2.500 | 04/30/24 | 120 | 116,288 | |
U.S. Treasury Notes | 2.500 | 05/31/24 | 120 | 116,109 | |
U.S. Treasury Notes | 2.625 | 02/15/29 | 325 | 295,953 | |
U.S. Treasury Notes | 2.750 | 07/31/27 | 480 | 448,762 | |
U.S. Treasury Notes | 2.750 | 08/15/32 | 400 | 358,187 | |
U.S. Treasury Notes | 2.875 | 05/15/32 | 310 | 281,034 | |
U.S. Treasury Notes | 3.000 | 07/15/25 | 275 | 264,881 | |
U.S. Treasury Notes | 3.125 | 11/15/28 | 90 | 84,572 | |
U.S. Treasury Notes | 4.000 | 10/31/29 | 370 | 366,589 | |
U.S. Treasury Notes | 4.125 | 10/31/27 | 975 | 970,125 | |
U.S. Treasury Notes | 4.250 | 09/30/24 | 1,625 | 1,616,812 | |
U.S. Treasury Notes | 4.250 | 10/15/25 | 295 | 293,525 |
27
PGIM Core Conservative Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
U.S. Treasury Obligations(Continued) | |||||
U.S. Treasury Notes | 4.375 % | 10/31/24 | 15 | $14,970 | |
U.S. Treasury Strips Coupon | 1.122(s) | 02/15/36 | 35 | 19,571 | |
U.S. Treasury Strips Coupon | 1.225(s) | 02/15/41 | 15 | 6,572 | |
U.S. Treasury Strips Coupon | 1.371(s) | 05/15/42 | 55 | 22,468 | |
U.S. Treasury Strips Coupon | 1.394(s) | 11/15/41 | 20 | 8,389 | |
U.S. Treasury Strips Coupon | 1.450(s) | 08/15/42 | 15 | 6,047 | |
U.S. Treasury Strips Coupon | 1.463(s) | 11/15/42 | 35 | 13,925 | |
U.S. Treasury Strips Coupon | 2.045(s) | 11/15/36 | 45 | 24,207 | |
U.S. Treasury Strips Coupon | 2.230(s) | 05/15/39 | 50 | 23,895 | |
U.S. Treasury Strips Coupon | 2.271(s) | 08/15/39 | 185 | 87,911 | |
U.S. Treasury Strips Coupon | 2.350(s) | 05/15/44 | 250 | 92,852 | |
U.S. Treasury Strips Coupon | 3.277(s) | 08/15/41 | 35 | 14,987 | |
Total U.S. Treasury Obligations (cost $19,243,548) | 17,183,389 | ||||
Total Long-Term Investments (cost $54,668,465) | 46,760,357 |
Shares | |||||
Short-Term Investment 1.2% | |||||
Unaffiliated Fund | |||||
Dreyfus Government Cash Management (Institutional Shares) (cost $586,008) | 586,008 | 586,008 | |||
TOTAL INVESTMENTS 100.3% (cost $55,254,473) | 47,346,365 | ||||
Liabilities in excess of other assets(z) (0.3)% | (155,372) | ||||
Net Assets 100.0% | $47,190,993 |
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. | |
BABs—Build America Bonds | |
CLO—Collateralized Loan Obligation | |
GMTN—Global Medium Term Note | |
LP—Limited Partnership | |
MTN—Medium Term Note | |
REITs—Real Estate Investment Trust | |
STRIPs—Separate Trading of Registered Interest and Principal of Securities |
28
PGIM Core Conservative Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
TBA—To Be Announced |
# | Principal amount is shown in U.S. dollars unless otherwise stated. |
(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. |
(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. |
(s) | Represents zero coupon bond or principal only security. Rate represents yield to maturity at purchase date. |
(z) | Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments: |
Forward Commitment Contracts | |||||||||||
U.S. Government Agency Obligations | Interest Rate | Maturity Date | Settlement Date | Principal Amount (000)# | Value | ||||||
Federal National Mortgage Assoc. | 3.000% | TBA | 11/14/22 | (500) | $(424,883) | ||||||
Federal National Mortgage Assoc. | 3.500% | TBA | 12/13/22 | (250) | (219,597) | ||||||
TOTAL FORWARD COMMITMENT CONTRACTS (proceeds receivable $654,063) | $(644,480) |
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).
29