PGIM Jennison Global Equity Income Fund
Schedule of Investments as of January 31, 2020 (unaudited)
Description | Shares | Value | |||
Long-Term Investments 98.9% | |||||
Common Stocks 96.6% | |||||
Aerospace & Defense 0.9% | |||||
Lockheed Martin Corp. | 19,164 | $8,204,492 | |||
Safran SA (France) | 19,787 | 3,189,501 | |||
11,393,993 | |||||
Auto Components 1.4% | |||||
Cie Generale des Etablissements Michelin SCA (France) | 145,186 | 16,796,871 | |||
Banks 7.7% | |||||
BNP Paribas SA (France) | 348,283 | 18,459,472 | |||
ING Groep NV (Netherlands), ADR(a) | 2,226,183 | 24,198,609 | |||
JPMorgan Chase & Co. | 267,123 | 35,356,400 | |||
Truist Financial Corp. | 296,570 | 15,294,115 | |||
93,308,596 | |||||
Beverages 2.5% | |||||
PepsiCo, Inc. | 211,781 | 30,077,138 | |||
Chemicals 4.9% | |||||
Akzo Nobel NV (Netherlands) | 85,001 | 8,027,936 | |||
Dow, Inc. | 176,575 | 8,134,810 | |||
Linde PLC (United Kingdom) | 213,521 | 43,372,521 | |||
59,535,267 | |||||
Communications Equipment 0.7% | |||||
Cisco Systems, Inc. | 184,912 | 8,500,405 | |||
Construction & Engineering 0.7% | |||||
Ferrovial SA (Spain) | 255,408 | 8,084,630 | |||
Diversified Financial Services 0.0% | |||||
Gateway Energy & Resource Holdings LLC Private Placement, (original cost $2,000,000; purchased 12/14/07), 144A*^(f) | 100,000 | 382,272 | |||
Diversified Telecommunication Services 3.6% | |||||
AT&T, Inc. | 761,205 | 28,636,532 | |||
Telefonica Deutschland Holding AG (Germany) | 4,746,011 | 14,399,436 | |||
43,035,968 |
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PGIM Jennison Global Equity Income Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks(Continued) | |||||
Electric Utilities 9.2% | |||||
Edison International | 166,855 | $12,772,750 | |||
Enel SpA (Italy) | 4,688,773 | 40,818,707 | |||
Iberdrola SA (Spain) | 3,964,414 | 43,313,016 | |||
SSE PLC (United Kingdom) | 765,169 | 15,258,677 | |||
112,163,150 | |||||
Equity Real Estate Investment Trusts (REITs) 8.9% | |||||
American Campus Communities, Inc. | 636,408 | 29,192,035 | |||
Crown Castle International Corp.(a) | 194,342 | 29,120,205 | |||
Prologis, Inc. | 537,970 | 49,966,654 | |||
108,278,894 | |||||
Food & Staples Retailing 1.3% | |||||
Walmart, Inc. | 132,439 | 15,162,941 | |||
Food Products 3.2% | |||||
Conagra Brands, Inc. | 336,176 | 11,066,914 | |||
Danone SA (France) | 153,229 | 12,270,452 | |||
Nestle SA (Switzerland) | 143,747 | 15,839,787 | |||
39,177,153 | |||||
Gas Utilities 1.5% | |||||
APA Group (Australia) | 2,404,927 | 18,066,335 | |||
Hotels, Restaurants & Leisure 1.5% | |||||
McDonald’s Corp. | 83,023 | 17,764,431 | |||
Household Products 2.8% | |||||
Procter & Gamble Co. (The) | 275,850 | 34,376,427 | |||
Insurance 8.0% | |||||
AXA SA (France) | 1,274,712 | 33,902,737 | |||
MetLife, Inc. | 459,811 | 22,857,205 | |||
Zurich Insurance Group AG (Switzerland) | 98,643 | 40,880,990 | |||
97,640,932 | |||||
Media 1.0% | |||||
Comcast Corp. (Class A Stock) | 275,357 | 11,892,669 |
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PGIM Jennison Global Equity Income Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks(Continued) | |||||
Multi-Utilities 2.9% | |||||
National Grid PLC (United Kingdom) | 1,692,340 | $22,456,874 | |||
RWE AG (Germany) | 382,337 | 13,280,471 | |||
35,737,345 | |||||
Oil, Gas & Consumable Fuels 7.9% | |||||
Enbridge, Inc. (Canada) | 595,832 | 24,226,780 | |||
ONEOK, Inc. | 286,376 | 21,440,971 | |||
Pembina Pipeline Corp. (Canada) | 269,283 | 10,312,273 | |||
Royal Dutch Shell PLC (Netherlands) (Class A Stock), ADR(a) | 173,688 | 9,057,829 | |||
TOTAL SA (France), ADR | 354,783 | 17,238,906 | |||
Williams Cos., Inc. (The) | 665,398 | 13,767,085 | |||
96,043,844 | |||||
Personal Products 1.3% | |||||
Unilever PLC (United Kingdom) | 268,511 | 16,015,992 | |||
Pharmaceuticals 6.7% | |||||
AstraZeneca PLC (United Kingdom), ADR | 506,452 | 24,664,212 | |||
GlaxoSmithKline PLC (United Kingdom) | 1,390,417 | 32,628,957 | |||
Sanofi (France) | 254,896 | 24,489,868 | |||
81,783,037 | |||||
Road & Rail 0.9% | |||||
Norfolk Southern Corp. | 52,304 | 10,890,216 | |||
Semiconductors & Semiconductor Equipment 5.8% | |||||
QUALCOMM, Inc. | 316,270 | 26,980,994 | |||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan), ADR | 311,263 | 16,789,526 | |||
Texas Instruments, Inc. | 219,684 | 26,504,874 | |||
70,275,394 | |||||
Specialty Retail 1.7% | |||||
Lowe’s Cos., Inc. | 178,448 | 20,742,795 | |||
Technology Hardware, Storage & Peripherals 2.4% | |||||
Apple, Inc. | 85,736 | 26,536,149 | |||
Western Digital Corp. | 47,870 | 3,135,485 | |||
29,671,634 |
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PGIM Jennison Global Equity Income Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks(Continued) | |||||
Tobacco 1.4% | |||||
Philip Morris International, Inc. | 199,578 | $16,505,101 | |||
Transportation Infrastructure 3.0% | |||||
Grupo Aeroportuario del Pacifico SAB de CV (Mexico) (Class B Stock) | 1,000,430 | 12,387,638 | |||
Transurban Group (Australia) | 2,344,729 | 24,530,207 | |||
36,917,845 | |||||
Wireless Telecommunication Services 2.8% | |||||
Tele2 AB (Sweden) (Class B Stock) | 1,109,804 | 16,756,669 | |||
Vodafone Group PLC (United Kingdom), ADR | 860,911 | 16,882,465 | |||
33,639,134 | |||||
Total Common Stocks (cost $1,085,549,517) | 1,173,860,409 | ||||
Preferred Stocks 2.3% | |||||
Electric Utilities 0.8% | |||||
American Electric Power Co., Inc., CVT, 6.125% | 156,441 | 9,073,578 | |||
Multi-Utilities 1.5% | |||||
Sempra Energy, Series A, CVT, 6.000%(a) | 145,231 | 18,387,697 | |||
Total Preferred Stocks (cost $22,421,865) | 27,461,275 | ||||
Total Long-Term Investments (cost $1,107,971,382) | 1,201,321,684 | ||||
Short-Term Investments 1.3% | |||||
Affiliated Mutual Funds | |||||
PGIM Core Ultra Short Bond Fund(w) | 5,341,250 | 5,341,250 |
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PGIM Jennison Global Equity Income Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Description | Shares | Value | |||
Affiliated Mutual Funds(Continued) | |||||
PGIM Institutional Money Market Fund (cost $9,879,710; includes $9,862,904 of cash collateral for securities on loan)(b)(w) | 9,878,809 | $9,880,786 | |||
Total Short-Term Investments (cost $15,220,960) | 15,222,036 | ||||
TOTAL INVESTMENTS 100.2% (cost $1,123,192,342) | 1,216,543,720 | ||||
Liabilities in excess of other assets (0.2)% | (1,948,618) | ||||
Net Assets 100.0% | $1,214,595,102 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: |
144A—Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, pursuant to the requirements of Rule 144A, may not be resold except to qualified institutional buyers. | |
ADR—American Depositary Receipt | |
CVT—Convertible Security | |
REITs—Real Estate Investment Trust |
* | Non-income producing security. |
^ | Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $382,272 and 0.0% of net assets. |
(a) | All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $9,548,143; cash collateral of $9,862,904 (included in liabilities) was received with which the Fund purchased highly liquid short-term investments. |
(b) | Represents security purchased with cash collateral received for securities on loan and includes dividend reinvestment. |
(f) | Indicates a restricted security; the aggregate original cost of such securities is $2,000,000. The aggregate value of $382,272 is 0.0% of net assets. |
(w) | PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Core Ultra Short Bond Fund and PGIM Institutional Money Market Fund. |
Other information regarding the Fund is available in the Fund’s most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
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