PGIM US Real Estate Fund
Schedule of Investments as of December 31, 2023 (unaudited)
Description | Shares | Value | |||
Long-Term Investments 98.7% | |||||
Common Stocks | |||||
Diversified REITs 3.2% | |||||
Broadstone Net Lease, Inc. | 49,944 | $860,036 | |||
Essential Properties Realty Trust, Inc. | 86,378 | 2,207,821 | |||
3,067,857 | |||||
Health Care REITs 13.1% | |||||
CareTrust REIT, Inc. | 100,034 | 2,238,761 | |||
Community Healthcare Trust, Inc. | 60,151 | 1,602,423 | |||
Ventas, Inc. | 59,413 | 2,961,144 | |||
Welltower, Inc. | 66,362 | 5,983,861 | |||
12,786,189 | |||||
Hotel & Resort REITs 3.5% | |||||
Host Hotels & Resorts, Inc. | 175,427 | 3,415,564 | |||
Industrial REITs 16.5% | |||||
Americold Realty Trust, Inc. | 61,450 | 1,860,092 | |||
Prologis, Inc. | 90,464 | 12,058,851 | |||
STAG Industrial, Inc. | 54,805 | 2,151,644 | |||
16,070,587 | |||||
Office REITs 6.1% | |||||
Alexandria Real Estate Equities, Inc. | 25,043 | 3,174,701 | |||
Kilroy Realty Corp. | 70,268 | 2,799,477 | |||
5,974,178 | |||||
Real Estate Operating Companies 2.6% | |||||
Tricon Residential, Inc. (Canada) | 281,915 | 2,565,426 | |||
Residential REITs 14.5% | |||||
Apartment Income REIT Corp. | 55,427 | 1,924,980 | |||
Camden Property Trust | 6,133 | 608,946 | |||
Equity Residential | 60,716 | 3,713,390 | |||
Sun Communities, Inc. | 14,028 | 1,874,842 | |||
UDR, Inc. | 49,727 | 1,904,047 | |||
Veris Residential, Inc. | 258,089 | 4,059,740 | |||
14,085,945 |
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PGIM US Real Estate Fund
Schedule of Investments as of December 31, 2023 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Retail REITs 16.9% | |||||
Brixmor Property Group, Inc. | 88,138 | $2,050,971 | |||
InvenTrust Properties Corp. | 28,620 | 725,231 | |||
Realty Income Corp. | 97,740 | 5,612,231 | |||
Regency Centers Corp. | 7,222 | 483,874 | |||
Retail Opportunity Investments Corp. | 34,580 | 485,157 | |||
Simon Property Group, Inc. | 40,548 | 5,783,767 | |||
SITE Centers Corp. | 97,359 | 1,327,003 | |||
16,468,234 | |||||
Specialized REITs 22.3% | |||||
Digital Realty Trust, Inc. | 15,966 | 2,148,704 | |||
EPR Properties | 26,891 | 1,302,869 | |||
Equinix, Inc. | 10,073 | 8,112,694 | |||
Extra Space Storage, Inc. | 16,875 | 2,705,569 | |||
Iron Mountain, Inc. | 57,697 | 4,037,636 | |||
Public Storage | 11,067 | 3,375,435 | |||
21,682,907 | |||||
Total Long-Term Investments (cost $84,381,319) | 96,116,887 | ||||
Short-Term Investment 0.8% | |||||
Affiliated Mutual Fund | |||||
PGIM Core Government Money Market Fund (cost $807,239)(wb) | 807,239 | 807,239 | |||
TOTAL INVESTMENTS 99.5% (cost $85,188,558) | 96,924,126 | ||||
Other assets in excess of liabilities 0.5% | 469,935 | ||||
Net Assets 100.0% | $97,394,061 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: |
REITs—Real Estate Investment Trust |
(wb) | Represents an investment in a Fund affiliated with the Manager. |
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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