PGIM Global Real Estate Fund
Schedule of Investments as of January 31, 2021 (unaudited)
Description | Shares | Value | |||
Long-Term Investments 99.9% | |||||
Common Stocks | |||||
Australia 3.4% | |||||
Ingenia Communities Group, REIT | 4,829,182 | $18,436,546 | |||
Mirvac Group, REIT | 5,698,243 | 10,308,964 | |||
Stockland, REIT | 3,763,061 | 12,735,707 | |||
41,481,217 | |||||
Belgium 3.4% | |||||
Aedifica SA, REIT | 147,605 | 17,841,577 | |||
Shurgard Self Storage SA | 69,054 | 3,043,344 | |||
VGP NV | 66,768 | 10,978,757 | |||
Warehouses De Pauw CVA, REIT | 271,290 | 9,752,652 | |||
41,616,330 | |||||
Canada 2.9% | |||||
Canadian Apartment Properties REIT, REIT | 196,405 | 7,863,880 | |||
InterRent Real Estate Investment Trust, REIT | 698,249 | 7,693,707 | |||
Summit Industrial Income REIT, REIT | 1,886,721 | 19,534,847 | |||
35,092,434 | |||||
China 1.8% | |||||
ESR Cayman Ltd., 144A* | 2,923,757 | 10,451,964 | |||
GDS Holdings Ltd. (Class A Stock)* | 936,117 | 11,976,645 | |||
22,428,609 | |||||
Germany 7.0% | |||||
alstria office REIT-AG, REIT | 860,696 | 14,827,863 | |||
Aroundtown SA | 2,709,916 | 18,826,891 | |||
Deutsche Wohnen SE | 177,848 | 8,812,401 | |||
Vonovia SE | 637,577 | 42,650,390 | |||
85,117,545 | |||||
Hong Kong 6.2% | |||||
Hang Lung Properties Ltd. | 3,791,080 | 10,114,221 | |||
Link REIT, REIT | 1,017,086 | 8,871,075 | |||
New World Development Co. Ltd. | 2,775,902 | 12,871,274 | |||
Sun Hung Kai Properties Ltd. | 1,812,445 | 24,660,747 | |||
Wharf Real Estate Investment Co. Ltd. | 3,687,506 | 19,492,139 | |||
76,009,456 |
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PGIM Global Real Estate Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Japan 11.3% | |||||
Activia Properties, Inc., REIT | 3,003 | $11,949,173 | |||
Invincible Investment Corp., REIT | 31,771 | 10,540,250 | |||
Japan Hotel REIT Investment Corp., REIT | 27,075 | 13,597,814 | |||
Japan Retail Fund Investment Corp., REIT | 6,363 | 12,005,404 | |||
LaSalle Logiport REIT, REIT | 2,397 | 3,751,465 | |||
Mitsubishi Estate Co. Ltd. | 1,147,712 | 18,123,591 | |||
Mitsui Fudosan Co. Ltd. | 606,259 | 12,257,309 | |||
Mitsui Fudosan Logistics Park, Inc., REIT | 1,742 | 8,680,201 | |||
Nippon Building Fund, Inc., REIT | 2,421 | 14,560,403 | |||
Nippon Prologis REIT, Inc., REIT | 3,208 | 10,437,308 | |||
Nomura Real Estate Master Fund, Inc., REIT | 7,559 | 11,442,953 | |||
Sumitomo Realty & Development Co. Ltd. | 379,794 | 11,420,065 | |||
138,765,936 | |||||
Netherlands 0.5% | |||||
NSI NV, REIT | 149,811 | 6,175,330 | |||
Singapore 2.0% | |||||
Frasers Centrepoint Trust, REIT | 4,900,150 | 9,507,162 | |||
Keppel DC REIT, REIT | 2,726,004 | 6,107,181 | |||
Mapletree Logistics Trust, REIT | 6,109,616 | 9,061,010 | |||
24,675,353 | |||||
Spain 0.9% | |||||
Cellnex Telecom SA, 144A | 198,243 | 11,618,660 | |||
Sweden 2.1% | |||||
Fabege AB | 948,863 | 14,163,084 | |||
Pandox AB* | 730,950 | 11,020,797 | |||
25,183,881 | |||||
United Kingdom 4.8% | |||||
British Land Co. PLC (The), REIT | 1,715,898 | 10,533,697 | |||
Derwent London PLC, REIT | 261,307 | 11,353,549 | |||
Segro PLC, REIT | 1,679,344 | 21,950,288 | |||
UNITE Group PLC (The), REIT* | 1,112,089 | 14,600,727 | |||
58,438,261 | |||||
United States 53.6% | |||||
Agree Realty Corp., REIT | 158,471 | 10,015,367 | |||
Alexandria Real Estate Equities, Inc., REIT | 978 | 163,434 |
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PGIM Global Real Estate Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
United States (cont’d.) | |||||
American Campus Communities, Inc., REIT | 291,069 | $11,980,400 | |||
Americold Realty Trust, REIT | 397,966 | 13,890,255 | |||
Apple Hospitality REIT, Inc., REIT | 2,092,453 | 26,113,813 | |||
Camden Property Trust, REIT | 279,195 | 28,519,769 | |||
CareTrust REIT, Inc., REIT | 624,982 | 14,037,096 | |||
Community Healthcare Trust, Inc., REIT | 247,516 | 11,068,916 | |||
Digital Realty Trust, Inc., REIT(a) | 89,816 | 12,929,013 | |||
Duke Realty Corp., REIT | 604,321 | 23,906,939 | |||
Equity LifeStyle Properties, Inc., REIT | 207,164 | 12,603,858 | |||
Equity Residential, REIT(a) | 546,049 | 33,658,460 | |||
Essential Properties Realty Trust, Inc., REIT | 1,156,861 | 24,085,846 | |||
Essex Property Trust, Inc., REIT | 54,817 | 13,134,701 | |||
Extra Space Storage, Inc., REIT(a) | 241,442 | 27,473,685 | |||
Gaming & Leisure Properties, Inc., REIT | 147,413 | 6,063,097 | |||
Global Medical REIT, Inc., REIT | 1,445,001 | 18,120,313 | |||
Highwoods Properties, Inc., REIT | 268,473 | 10,065,053 | |||
Host Hotels & Resorts, Inc., REIT | 1,151,365 | 15,600,996 | |||
Invitation Homes, Inc., REIT | 330,557 | 9,744,820 | |||
Kilroy Realty Corp., REIT | 266,584 | 15,096,652 | |||
Life Storage, Inc., REIT | 295,057 | 24,070,750 | |||
MGM Growth Properties LLC (Class A Stock), REIT | 357,702 | 11,142,417 | |||
National Retail Properties, Inc., REIT | 404,587 | 15,778,893 | |||
New Senior Investment Group, Inc., REIT | 1,886,173 | 9,996,717 | |||
Prologis, Inc., REIT | 567,222 | 58,537,310 | |||
Public Storage, REIT | 26,533 | 6,039,441 | |||
QTS Realty Trust, Inc. (Class A Stock), REIT(a) | 208,822 | 13,594,312 | |||
Regency Centers Corp., REIT | 80,580 | 3,801,764 | |||
Rexford Industrial Realty, Inc., REIT | 103,962 | 5,087,900 | |||
RLJ Lodging Trust, REIT | 1,222,297 | 15,779,854 | |||
Simon Property Group, Inc., REIT | 222,893 | 20,713,447 | |||
SL Green Realty Corp., REIT | 139,999 | 9,447,133 | |||
Spirit Realty Capital, Inc., REIT | 380,794 | 14,683,417 | |||
STORE Capital Corp., REIT | 357,019 | 11,074,729 | |||
Sun Communities, Inc., REIT(a) | 113,097 | 16,187,574 | |||
UDR, Inc., REIT | 727,327 | 27,965,723 | |||
Urban Edge Properties, REIT | 506,524 | 6,984,966 | |||
VICI Properties, Inc., REIT(a) | 294,428 | 7,443,140 | |||
Welltower, Inc., REIT(a) | 643,471 | 38,994,343 | |||
655,596,313 | |||||
Total Long-Term Investments (cost $1,044,166,013) | 1,222,199,325 |
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PGIM Global Real Estate Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Shares | Value | |||
Short-Term Investments 2.4% | |||||
Affiliated Mutual Funds | |||||
PGIM Core Ultra Short Bond Fund(wa) | 999 | $999 | |||
PGIM Institutional Money Market Fund (cost $29,824,674; includes $29,822,915 of cash collateral for securities on loan)(b)(wa) | 29,837,580 | 29,825,645 | |||
Total Short-Term Investments (cost $29,825,673) | 29,826,644 | ||||
TOTAL INVESTMENTS 102.3% (cost $1,073,991,686) | 1,252,025,969 | ||||
Liabilities in excess of other assets (2.3)% | (28,265,609) | ||||
Net Assets 100.0% | $1,223,760,360 |
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. | |
CVA—Certificate Van Aandelen (Bearer) | |
REITs—Real Estate Investment Trust |
* | Non-income producing security. |
(a) | All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $29,102,658; cash collateral of $29,822,915 (included in liabilities) was received with which the Fund purchased highly liquid short-term investments. In the event of significant appreciation in value of securities on loan on the last business day of the reporting period, the Fund may reflect a collateral value that is less than the market value of the loaned securities and such shortfall is remedied the following business day. |
(b) | Represents security, or portion thereof, purchased with cash collateral received for securities on loan and includes dividend reinvestment. |
(wa) | 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, if applicable. |
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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