Prudential Investment Portfolios 18 NPORT-P PGIM Jennison MLP Fund (Feb 2020 report)

PGIM Jennison MLP Fund

Schedule of Investments as of February 29, 2020 (unaudited)

Description	Shares		Value
Long-Term Investments 97.1%
Common Stocks 55.5%
Independent Power Producers & Energy Traders 1.6%
Clearway Energy, Inc. (Class C Stock)		305,555	$6,428,877
Oil & Gas Storage & Transportation 53.4%
Enbridge, Inc. (Canada)		708,730	26,379,699
Equitrans Midstream Corp.		119,198	841,538
Gibson Energy, Inc. (Canada)		846,185	16,151,432
Keyera Corp. (Canada)		174,619	4,191,637
Kinder Morgan, Inc.		1,652,333	31,675,224
ONEOK, Inc.		511,898	34,153,834
Pembina Pipeline Corp. (Canada)		685,025	24,743,103
Targa Resources Corp.		800,727	25,943,555
TC Energy Corp. (Canada)		534,664	27,867,456
Williams Cos., Inc. (The)		1,486,423	28,316,358
			220,263,836
Renewable Electricity 0.5%
Atlantica Yield PLC (Spain)		74,017	2,139,831
Total Common Stocks (cost $243,207,399)			228,832,544
Master Limited Partnerships 41.6%
Oil & Gas Storage & Transportation 36.1%
Cheniere Energy Partners LP		541,047	18,341,493
Crestwood Equity Partners LP		209,966	4,375,691
Enable Midstream Partners LP		384,764	2,385,537
Energy Transfer LP		2,621,731	29,048,779
Enterprise Products Partners LP		1,311,434	30,608,869
EQM Midstream Partners LP		97,949	1,700,395
Magellan Midstream Partners LP		157,732	8,604,281
MPLX LP		756,989	15,359,307
Noble Midstream Partners LP		158,589	2,434,341
NuStar Energy LP		82,214	1,866,258
Phillips 66 Partners LP		169,835	9,233,929
Plains All American Pipeline LP		1,276,381	17,448,128
Plains GP Holdings LP (Class A Stock)*		103,500	1,425,195
Rattler Midstream LP		286,595	3,608,231
Western Midstream Partners LP		190,693	2,490,451
			148,930,885

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PGIM Jennison MLP Fund

Schedule of Investments as of February 29, 2020 (unaudited) (continued)

Description	Shares		Value
Master Limited Partnerships(Continued)
Renewable Electricity 5.5%
Brookfield Renewable Partners LP (Canada)		41,605	$2,074,426
NextEra Energy Partners LP		358,863	20,695,629
			22,770,055
Total Master Limited Partnerships (cost $202,398,586)			171,700,940
Total Long-Term Investments (cost $445,605,985)			400,533,484
Short-Term Investment 2.3%
Affiliated Mutual Fund
PGIM Core Ultra Short Bond Fund (cost $9,555,642)(w)		9,555,642	9,555,642
TOTAL INVESTMENTS 99.4% (cost $455,161,627)			410,089,126
Other assets in excess of liabilities 0.6%			2,477,121
Net Assets 100.0%			$412,566,247

*	Non-income producing security.
(w)	PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Core Ultra Short Bond 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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