PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Long-Term Investments 75.7% | |||||
Asset-Backed Securities 0.9% | |||||
Automobiles 0.1% | |||||
CarMax Auto Owner Trust, | |||||
Series 2019-02, Class A3 | 2.680 % | 03/15/24 | 152 | $151,407 | |
Series 2020-04, Class A3 | 0.500 | 08/15/25 | 1,861 | 1,798,361 | |
World Omni Auto Receivables Trust, Series 2019-A, Class A3 | 3.040 | 05/15/24 | 13 | 13,127 | |
1,962,895 | |||||
Home Equity Loans 0.6% | |||||
Accredited Mortgage Loan Trust, Series 2004-04, Class A2D, 1 Month LIBOR + 0.700% (Cap N/A, Floor 0.700%) | 4.286(c) | 01/25/35 | 766 | 729,369 | |
Ameriquest Mortgage Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2003-11, Class AV2, 1 Month LIBOR + 0.740% (Cap N/A, Floor 0.740%) | 4.326(c) | 12/25/33 | 163 | 152,561 | |
Argent Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2003-W03, Class M2, 1 Month LIBOR + 2.700% (Cap N/A, Floor 2.700%) | 4.258(c) | 09/25/33 | 4,338 | 4,153,756 | |
Asset-Backed Funding Certificate Trust, | |||||
Series 2003-AHL01, Class A1 | 4.184 | 03/25/33 | 133 | 125,243 | |
Series 2003-OPT01, Class A3, 1 Month LIBOR + 0.680% (Cap N/A, Floor 0.680%) | 4.266(c) | 04/25/33 | 565 | 513,578 | |
Series 2004-HE01, Class M1, 1 Month LIBOR + 0.900% (Cap N/A, Floor 0.900%) | 4.486(c) | 03/25/34 | 288 | 278,870 | |
Asset-Backed Securities Corp. Home Equity Loan Trust, Series 2003-HE06, Class A2, 1 Month LIBOR + 0.680% (Cap N/A, Floor 0.680%) | 4.266(c) | 11/25/33 | 153 | 149,318 | |
Bear Stearns Asset-Backed Securities Trust, Series 2003-03, Class M1, 1 Month LIBOR + 1.230% (Cap 11.000%, Floor 1.230%) | 4.816(c) | 06/25/43 | 159 | 158,164 | |
CDC Mortgage Capital Trust, Series 2003-HE03, Class M1, 1 Month LIBOR + 1.050% (Cap N/A, Floor 1.050%) | 4.636(c) | 11/25/33 | 657 | 639,067 | |
Equifirst Mortgage Loan Trust, Series 2003-01, Class M2, 1 Month LIBOR + 2.850% (Cap N/A, Floor 2.850%) | 6.436(c) | 12/25/32 | 13 | 12,741 |
1
PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Asset-Backed Securities (Continued) | |||||
Home Equity Loans (cont’d.) | |||||
Home Equity Asset Trust, | |||||
Series 2002-03, Class M1, 1 Month LIBOR + 1.350% (Cap N/A, Floor 1.350%) | 4.936 %(c) | 02/25/33 | 258 | $244,090 | |
Series 2003-02, Class M1, 1 Month LIBOR + 1.320% (Cap N/A, Floor 1.320%) | 4.906(c) | 08/25/33 | 579 | 546,002 | |
Series 2003-03, Class M1, 1 Month LIBOR + 1.290% (Cap N/A, Floor 1.290%) | 4.876(c) | 08/25/33 | 467 | 449,385 | |
Series 2003-08, Class M1, 1 Month LIBOR + 1.080% (Cap N/A, Floor 1.080%) | 4.666(c) | 04/25/34 | 190 | 181,501 | |
MASTR Asset-Backed Securities Trust, Series 2004-OPT02, Class A2, 1 Month LIBOR + 0.700% (Cap N/A, Floor 0.700%) | 4.286(c) | 09/25/34 | 107 | 97,562 | |
Merrill Lynch Mortgage Investors Trust, | |||||
Series 2004-HE02, Class A1A, 1 Month LIBOR + 0.800% (Cap N/A, Floor 0.800%) | 4.386(c) | 08/25/35 | 45 | 41,943 | |
Series 2004-HE02, Class M1, 1 Month LIBOR + 1.200% (Cap N/A, Floor 1.200%) | 4.786(c) | 08/25/35 | 129 | 124,385 | |
Morgan Stanley ABS Capital I, Inc. Trust, | |||||
Series 2003-NC05, Class M1, 1 Month LIBOR + 1.275% (Cap N/A, Floor 1.275%) | 4.861(c) | 04/25/33 | 287 | 284,163 | |
Series 2003-NC05, Class M3, 1 Month LIBOR + 3.450% (Cap N/A, Floor 3.450%) | 7.036(c) | 04/25/33 | 82 | 81,297 | |
Series 2003-NC08, Class M1, 1 Month LIBOR + 1.050% (Cap N/A, Floor 1.050%) | 4.636(c) | 09/25/33 | 547 | 532,873 | |
Series 2003-NC10, Class M1, 1 Month LIBOR + 1.020% (Cap N/A, Floor 1.020%) | 4.606(c) | 10/25/33 | 89 | 86,076 | |
Series 2004-HE07, Class M1, 1 Month LIBOR + 0.900% (Cap N/A, Floor 0.900%) | 4.486(c) | 08/25/34 | 2,023 | 1,905,683 | |
New Century Home Equity Loan Trust, Series 2004-01, Class M1, 1 Month LIBOR + 0.885% (Cap 11.500%, Floor 0.885%) | 4.471(c) | 05/25/34 | 2,130 | 2,007,838 | |
Renaissance Home Equity Loan Trust, Series 2003-01, Class A, 1 Month LIBOR + 0.860% (Cap N/A, Floor 0.860%) | 4.446(c) | 06/25/33 | 218 | 193,906 |
2
PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Asset-Backed Securities (Continued) | |||||
Home Equity Loans (cont’d.) | |||||
Residential Asset Securities Trust, Series 2004-KS05, Class AI5 | 4.481 %(cc) | 06/25/34 | 2,604 | $2,465,768 | |
Saxon Asset Securities Trust, Series 2003-03, Class M2, 1 Month LIBOR + 2.400% (Cap N/A, Floor 2.400%) | 3.834(c) | 12/25/33 | 17 | 15,129 | |
16,170,268 | |||||
Residential Mortgage-Backed Securities 0.2% | |||||
Ameriquest Mortgage Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2004-R05, Class M1, 1 Month LIBOR + 0.870% (Cap N/A, Floor 0.870%) | 4.456(c) | 07/25/34 | 157 | 153,565 | |
Amortizing Residential Collateral Trust, Series 2002-BC05, Class M2, 1 Month LIBOR + 1.800% (Cap N/A, Floor 1.800%) | 5.386(c) | 07/25/32 | 65 | 62,526 | |
Chase Funding Trust, | |||||
Series 2002-02, Class 2A1, 1 Month LIBOR + 0.500% (Cap N/A, Floor 0.500%) | 4.086(c) | 05/25/32 | 201 | 195,250 | |
Series 2003-01, Class 2A2, 1 Month LIBOR + 0.660% (Cap N/A, Floor 0.660%) | 4.246(c) | 11/25/32 | 152 | 148,249 | |
Countrywide Asset-Backed Certificates, | |||||
Series 2003-BC04, Class M1, 1 Month LIBOR + 1.050% (Cap N/A, Floor 1.050%) | 4.636(c) | 07/25/33 | 89 | 86,120 | |
Series 2004-01, Class M1, 1 Month LIBOR + 0.750% (Cap N/A, Floor 0.750%) | 4.336(c) | 03/25/34 | 70 | 68,042 | |
Equity One Mortgage Pass-Through Trust, Series 2003-01, Class M1 | 4.860(cc) | 08/25/33 | 23 | 22,124 | |
First Franklin Mortgage Loan Trust, Series 2004-FF05, Class A1, 1 Month LIBOR + 0.720% (Cap N/A, Floor 0.720%) | 4.306(c) | 08/25/34 | 118 | 111,750 | |
Long Beach Mortgage Loan Trust, | |||||
Series 2003-03, Class M1, 1 Month LIBOR + 1.125% (Cap N/A, Floor 1.125%) | 4.711(c) | 07/25/33 | 507 | 484,605 | |
Series 2003-04, Class M1, 1 Month LIBOR + 1.020% (Cap N/A, Floor 1.020%) | 4.606(c) | 08/25/33 | 126 | 124,955 | |
Series 2004-02, Class M1, 1 Month LIBOR + 0.795% (Cap N/A, Floor 0.795%) | 4.381(c) | 06/25/34 | 1,439 | 1,356,214 | |
Series 2004-03, Class M1, 1 Month LIBOR + 0.855% (Cap N/A, Floor 0.855%) | 4.441(c) | 07/25/34 | 2,070 | 1,942,059 |
3
PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Asset-Backed Securities (Continued) | |||||
Residential Mortgage-Backed Securities (cont’d.) | |||||
Merrill Lynch Mortgage Investors Trust, | |||||
Series 2003-WMC02, Class M2, 1 Month LIBOR + 2.850% (Cap N/A, Floor 2.850%) | 6.436 %(c) | 02/25/34 | 121 | $118,285 | |
Series 2004-WMC01, Class M2, 1 Month LIBOR + 1.650% (Cap N/A, Floor 1.650%) | 5.236(c) | 10/25/34 | 451 | 428,263 | |
Morgan Stanley ABS Capital I, Inc. Trust, Series 2004-NC05, Class M1, 1 Month LIBOR + 0.900% (Cap N/A, Floor 0.900%) | 4.486(c) | 05/25/34 | 338 | 311,276 | |
Structured Asset Investment Loan Trust, Series 2003-BC01, Class A2, 1 Month LIBOR + 0.680% (Cap N/A, Floor 0.680%) | 4.266(c) | 01/25/33 | 67 | 64,203 | |
5,677,486 | |||||
Total Asset-Backed Securities (cost $22,716,516) | 23,810,649 | ||||
Certificates of Deposit 3.2% | |||||
Lloyds Bank Corporate Markets PLC, SOFR + 0.540% | 3.590(c) | 01/31/24 | 17,000 | 16,948,975 | |
Natixis SA | 5.000 | 09/27/23 | 15,000 | 14,934,760 | |
Skandinaviska Enskilda Banken AB, SOFR + 0.730% | 3.780(c) | 03/17/23 | 10,000 | 10,005,258 | |
Standard Chartered Bank, SOFR + 0.420% | 3.470(c) | 07/28/23 | 16,000 | 15,965,256 | |
Svenska Handelsbanken, SOFR + 0.700% | 3.750(c) | 03/15/23 | 15,000 | 15,006,936 | |
Toronto-Dominion Bank (The) | 4.800 | 09/22/23 | 12,000 | 11,926,547 | |
Total Certificates of Deposit (cost $84,996,758) | 84,787,732 | ||||
Commercial Mortgage-Backed Securities 15.9% | |||||
Banc of America Commercial Mortgage Trust, Series 2015-UBS07, Class A3 | 3.441 | 09/15/48 | 10,436 | 9,718,707 | |
Barclays Commercial Mortgage Securities Trust, Series 2018-TALL, Class A, 144A, 1 Month LIBOR + 0.722% (Cap N/A, Floor 0.722%) | 4.134(c) | 03/15/37 | 22,479 | 21,129,725 | |
Benchmark Mortgage Trust, | |||||
Series 2018-B03, Class A2 | 3.848 | 04/10/51 | 929 | 921,326 | |
Series 2018-B05, Class A2 | 4.077 | 07/15/51 | 1,800 | 1,773,853 | |
BX Trust, Series 2018-EXCL, Class A, 144A, 1 Month LIBOR + 1.088% (Cap N/A, Floor 1.088%) | 4.501(c) | 09/15/37 | 416 | 405,622 |
4
PGIM Core Short-Term 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) | |||||
CAMB Commercial Mortgage Trust, Series 2019-LIFE, Class A, 144A, 1 Month LIBOR + 1.070% (Cap N/A, Floor 1.070%) | 4.482 %(c) | 12/15/37 | 9,500 | $9,262,365 | |
Citigroup Commercial Mortgage Trust, | |||||
Series 2014-GC25, Class A3 | 3.372 | 10/10/47 | 12,223 | 11,670,128 | |
Series 2015-P01, Class A4 | 3.462 | 09/15/48 | 12,159 | 11,443,748 | |
Series 2016-P04, Class A2 | 2.450 | 07/10/49 | 7,270 | 6,756,603 | |
Commercial Mortgage Trust, | |||||
Series 2014-UBS03, Class A3 | 3.546 | 06/10/47 | 6,727 | 6,496,452 | |
Series 2014-UBS04, Class A4 | 3.420 | 08/10/47 | 5,875 | 5,642,375 | |
Series 2014-UBS05, Class A2 | 3.031 | 09/10/47 | 347 | 342,428 | |
Series 2014-UBS05, Class A3 | 3.565 | 09/10/47 | 25,000 | 24,088,200 | |
Series 2015-CR22, Class A4 | 3.048 | 03/10/48 | 26,945 | 25,513,916 | |
Series 2015-CR26, Class A3 | 3.359 | 10/10/48 | 8,356 | 7,825,996 | |
Credit Suisse Mortgage Capital Certificates, Series 2019-ICE04, Class A, 144A, 1 Month LIBOR + 0.980% (Cap N/A, Floor 0.980%) | 4.392(c) | 05/15/36 | 35,000 | 34,342,564 | |
CSAIL Commercial Mortgage Trust, Series 2015-C03, Class A4 | 3.718 | 08/15/48 | 12,000 | 11,347,098 | |
GS Mortgage Securities Corp. Trust, Series 2021-RENT, Class A, 144A, 1 Month LIBOR + 0.700% (Cap N/A, Floor 0.700%) | 4.201(c) | 11/21/35 | 5,359 | 5,165,550 | |
GS Mortgage Securities Trust, | |||||
Series 2014-GC18, Class A3 | 3.801 | 01/10/47 | 5,742 | 5,629,354 | |
Series 2014-GC22, Class A4 | 3.587 | 06/10/47 | 4,400 | 4,298,898 | |
Series 2014-GC24, Class A4 | 3.666 | 09/10/47 | 25,296 | 24,372,219 | |
Series 2018-HART, Class A, 144A, 1 Month LIBOR + 1.090% (Cap N/A, Floor 1.090%) | 4.510(c) | 10/15/31 | 11,300 | 10,965,289 | |
JPMBB Commercial Mortgage Securities Trust, | |||||
Series 2013-C15, Class ASB | 3.659 | 11/15/45 | 216 | 214,801 | |
Series 2014-C18, Class A4A2, 144A | 3.794 | 02/15/47 | 7,260 | 7,090,302 | |
Series 2014-C24, Class A3 | 3.098 | 11/15/47 | 19,500 | 18,569,251 | |
Series 2014-C24, Class A4A2, 144A | 3.373 | 11/15/47 | 28,310 | 27,068,287 | |
Series 2020-COR07, Class A2 | 2.215 | 05/13/53 | 25,000 | 22,781,183 | |
JPMorgan Chase Commercial Mortgage Securities Trust, | |||||
Series 2018-WPT, Class AFL, 144A, 1 Month LIBOR + 1.200% (Cap N/A, Floor 0.950%) | 4.374(c) | 07/05/33 | 19,358 | 18,805,183 | |
Series 2019-BKWD, Class A, 144A, 1 Month LIBOR + 1.250% (Cap N/A, Floor 1.000%) | 4.662(c) | 09/15/29 | 3,959 | 3,845,590 | |
Morgan Stanley Bank of America Merrill Lynch Trust, | |||||
Series 2015-C24, Class A3 | 3.479 | 05/15/48 | 7,175 | 6,801,170 | |
Series 2015-C25, Class A4 | 3.372 | 10/15/48 | 1,500 | 1,404,223 |
5
PGIM Core Short-Term 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) | |||||
Morgan Stanley Bank of America Merrill Lynch Trust, (cont’d.) | |||||
Series 2015-C26, Class A4 | 3.252 % | 10/15/48 | 3,000 | $2,852,625 | |
Morgan Stanley Capital I Trust, | |||||
Series 2015-UBS08, Class A3 | 3.540 | 12/15/48 | 5,843 | 5,435,749 | |
Series 2018-H03, Class A2 | 3.997 | 07/15/51 | 1,123 | 1,109,113 | |
One New York Plaza Trust, Series 2020-01NYP, Class A, 144A, 1 Month LIBOR + 0.950% (Cap N/A, Floor 0.950%) | 4.362(c) | 01/15/36 | 11,900 | 11,295,584 | |
Wells Fargo Commercial Mortgage Trust, | |||||
Series 2013-LC12, Class A4 | 4.218(cc) | 07/15/46 | 17,884 | 17,658,363 | |
Series 2015-C30, Class A3 | 3.411 | 09/15/58 | 27,947 | 26,295,324 | |
Series 2016-C33, Class A3 | 3.162 | 03/15/59 | 5,581 | 5,144,348 | |
Series 2016-LC24, Class A3 | 2.684 | 10/15/49 | 12,089 | 10,884,965 | |
Total Commercial Mortgage-Backed Securities (cost $445,009,983) | 426,368,477 | ||||
Corporate Bonds 55.7% | |||||
Agriculture 0.8% | |||||
Cargill, Inc., | |||||
Sr. Unsec’d. Notes, 144A | 1.375 | 07/23/23 | 3,000 | 2,921,234 | |
Sr. Unsec’d. Notes, 144A | 3.500 | 04/22/25 | 6,750 | 6,504,319 | |
Sr. Unsec’d. Notes, 144A | 4.875 | 10/10/25 | 11,250 | 11,162,102 | |
20,587,655 | |||||
Auto Manufacturers 4.6% | |||||
American Honda Finance Corp., Sr. Unsec’d. Notes, MTN | 0.750 | 08/09/24 | 7,500 | 6,959,062 | |
BMW US Capital LLC (Germany), | |||||
Gtd. Notes, 144A | 3.250 | 04/01/25 | 2,750 | 2,624,816 | |
Gtd. Notes, 144A | 3.250 | 04/01/25 | 6,450 | 6,415,752 | |
Gtd. Notes, 144A, SOFR Index + 0.530% | 3.584(c) | 04/01/24 | 8,500 | 8,475,507 | |
Gtd. Notes, 144A | 3.800 | 04/06/23 | 10,000 | 9,951,706 | |
Mercedes-Benz Finance North America LLC (Germany), Gtd. Notes, 144A | 0.750 | 03/01/24 | 31,500 | 29,664,778 | |
PACCAR Financial Corp., Sr. Unsec’d. Notes, MTN | 3.550 | 08/11/25 | 25,000 | 24,188,701 | |
Toyota Motor Credit Corp., | |||||
Sr. Unsec’d. Notes, MTN | 3.650 | 08/18/25 | 5,000 | 4,814,220 | |
Sr. Unsec’d. Notes, MTN | 3.950 | 06/30/25 | 18,750 | 18,273,237 |
6
PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Auto Manufacturers (cont’d.) | |||||
Volkswagen Group of America Finance LLC (Germany), Gtd. Notes, 144A | 3.950 % | 06/06/25 | 13,250 | $12,685,232 | |
124,053,011 | |||||
Banks 14.3% | |||||
Bank of America Corp., Sr. Unsec’d. Notes, MTN, 3 Month BSBY + 0.430% | 3.342(c) | 05/28/24 | 33,500 | 33,131,534 | |
Bank of Montreal (Canada), Sr. Unsec’d. Notes, MTN, SOFR Index + 0.710% | 3.622(c) | 03/08/24 | 20,000 | 19,893,976 | |
Bank of Nova Scotia (The) (Canada), | |||||
Sr. Unsec’d. Notes | 1.625 | 05/01/23 | 14,000 | 13,778,477 | |
Sr. Unsec’d. Notes, SOFR Index + 0.900% | 3.959(c) | 04/11/25 | 4,750 | 4,677,945 | |
Banque Federative du Credit Mutuel SA (France), Sr. Unsec’d. Notes, 144A | 0.650 | 02/27/24 | 17,750 | 16,686,463 | |
Canadian Imperial Bank of Commerce (Canada), Sr. Unsec’d. Notes, SOFR + 0.800% | 3.823(c) | 03/17/23 | 21,000 | 21,010,674 | |
Cooperatieve Rabobank UA (Netherlands), Sr. Unsec’d. Notes, SOFR Index + 0.300% (Cap N/A, Floor 0.000%) | 3.359(c) | 01/12/24 | 14,000 | 13,893,578 | |
Credit Agricole Corporate & Investment Bank SA (France), Bank Gtd. Notes, MTN | 0.400 | 01/15/23 | 8,200 | 8,133,794 | |
Credit Suisse AG (Switzerland), Sr. Unsec’d. Notes, SOFR Index + 0.390% | 3.452(c) | 02/02/24 | 5,000 | 4,798,675 | |
DNB Bank ASA (Norway), Sr. Unsec’d. Notes, 144A | 5.896(ff) | 10/09/26 | 25,000 | 24,626,060 | |
Federation des Caisses Desjardins du Quebec (Canada), Sr. Unsec’d. Notes, 144A | 4.400 | 08/23/25 | 25,000 | 24,045,517 | |
Fifth Third Bank NA, Sr. Unsec’d. Notes, MTN | 1.800 | 01/30/23 | 7,000 | 6,949,965 | |
Goldman Sachs Group, Inc. (The), Sr. Unsec’d. Notes | 0.627(ff) | 11/17/23 | 20,000 | 19,923,282 | |
JPMorgan Chase & Co., Sr. Unsec’d. Notes | 0.768(ff) | 08/09/25 | 25,000 | 22,766,696 | |
KeyBank NA, Sr. Unsec’d. Notes | 1.250 | 03/10/23 | 12,500 | 12,333,034 | |
National Australia Bank Ltd. (Australia), Sr. Unsec’d. Notes | 3.500 | 06/09/25 | 7,250 | 6,951,599 |
7
PGIM Core Short-Term 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.) | |||||
National Securities Clearing Corp., | |||||
Sr. Unsec’d. Notes, 144A | 0.400 % | 12/07/23 | 12,750 | $12,139,253 | |
Sr. Unsec’d. Notes, 144A | 1.200 | 04/23/23 | 5,000 | 4,914,621 | |
NatWest Markets PLC (United Kingdom), Sr. Unsec’d. Notes, 144A, SOFR + 1.450% | 4.482(c) | 03/22/25 | 15,000 | 14,804,835 | |
Nordea Bank Abp (Finland), Sr. Unsec’d. Notes, 144A | 4.750 | 09/22/25 | 21,000 | 20,568,832 | |
Royal Bank of Canada (Canada), Sr. Unsec’d. Notes, GMTN | 3.970 | 07/26/24 | 20,000 | 19,538,518 | |
Skandinaviska Enskilda Banken AB (Sweden), Sr. Unsec’d. Notes, 144A | 0.650 | 09/09/24 | 9,750 | 8,933,555 | |
Toronto-Dominion Bank (The) (Canada), | |||||
Sr. Unsec’d. Notes, MTN, SOFR + 0.350% | 3.279(c) | 09/10/24 | 20,000 | 19,692,258 | |
Sr. Unsec’d. Notes, MTN, SOFR + 0.480% | 3.541(c) | 01/27/23 | 2,750 | 2,749,613 | |
Truist Bank, | |||||
Sr. Unsec’d. Notes, SOFR + 0.200% | 3.259(c) | 01/17/24 | 10,000 | 9,888,291 | |
Sr. Unsec’d. Notes, SOFR + 0.730% (Cap N/A, Floor 0.000%) | 3.650(c) | 03/09/23 | 2,750 | 2,735,533 | |
UBS AG (Switzerland), | |||||
Sr. Unsec’d. Notes, 144A, MTN | 0.450 | 02/09/24 | 5,000 | 4,708,818 | |
Sr. Unsec’d. Notes, 144A, MTN, SOFR + 0.360% | 3.014(c) | 02/09/24 | 7,500 | 7,442,863 | |
UBS Group AG (Switzerland), Sr. Unsec’d. Notes, 144A | 1.008(ff) | 07/30/24 | 2,500 | 2,411,354 | |
Westpac Banking Corp. (Australia), Sr. Unsec’d. Notes, 3 Month LIBOR + 0.720% | 3.625(c) | 05/15/23 | 175 | 175,306 | |
384,304,919 | |||||
Beverages 2.4% | |||||
Coca-Cola Europacific Partners PLC (United Kingdom), | |||||
Sr. Unsec’d. Notes, 144A | 0.500 | 05/05/23 | 8,000 | 7,807,246 | |
Sr. Unsec’d. Notes, 144A | 0.800 | 05/03/24 | 3,000 | 2,805,880 | |
Diageo Capital PLC (United Kingdom), Gtd. Notes | 5.200 | 10/24/25 | 16,000 | 16,049,065 | |
Keurig Dr. Pepper, Inc., Gtd. Notes | 0.750 | 03/15/24 | 25,000 | 23,553,487 | |
PepsiCo, Inc., Sr. Unsec’d. Notes | 0.400 | 10/07/23 | 14,500 | 13,904,145 | |
64,119,823 |
8
PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Biotechnology 0.2% | |||||
Gilead Sciences, Inc., Sr. Unsec’d. Notes | 0.750 % | 09/29/23 | 4,500 | $4,330,565 | |
Building Materials 0.1% | |||||
Martin Marietta Materials, Inc., Sr. Unsec’d. Notes | 0.650 | 07/15/23 | 3,750 | 3,627,993 | |
Chemicals 0.6% | |||||
Air Liquide Finance SA (France), Gtd. Notes, 144A | 2.250 | 09/27/23 | 2,780 | 2,709,987 | |
Nutrien Ltd. (Canada), Sr. Unsec’d. Notes | 1.900 | 05/13/23 | 5,000 | 4,920,246 | |
Sherwin-Williams Co. (The), Sr. Unsec’d. Notes | 4.250 | 08/08/25 | 5,500 | 5,350,764 | |
Westlake Corp., Sr. Unsec’d. Notes | 0.875 | 08/15/24 | 4,000 | 3,717,637 | |
16,698,634 | |||||
Cosmetics/Personal Care 0.8% | |||||
Colgate-Palmolive Co., Sr. Unsec’d. Notes | 3.100 | 08/15/25 | 7,000 | 6,731,240 | |
GSK Consumer Healthcare Capital US LLC, Gtd. Notes, 144A, SOFR + 0.890% | 3.939(c) | 03/24/24 | 6,250 | 6,220,822 | |
Unilever Capital Corp. (United Kingdom), Gtd. Notes | 0.375 | 09/14/23 | 10,000 | 9,622,966 | |
22,575,028 | |||||
Diversified Financial Services 2.7% | |||||
AIG Global Funding, Sr. Sec’d. Notes, 144A | 0.650 | 06/17/24 | 21,000 | 19,512,724 | |
Air Lease Corp., Sr. Unsec’d. Notes, MTN, 3 Month LIBOR + 0.350% (Cap N/A, Floor 0.000%) | 3.643(c) | 12/15/22 | 25,000 | 24,980,439 |
9
PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Diversified Financial Services (cont’d.) | |||||
American Express Co., Sr. Unsec’d. Notes | 3.950 % | 08/01/25 | 10,000 | $9,602,053 | |
Capital One NA, Sub. Notes | 3.375 | 02/15/23 | 20,000 | 19,908,470 | |
74,003,686 | |||||
Electric 5.3% | |||||
American Electric Power Co., Inc., Sr. Unsec’d. Notes, Series A, 3 Month LIBOR + 0.480% | 4.920(c) | 11/01/23 | 12,000 | 11,916,704 | |
CenterPoint Energy, Inc., Sr. Unsec’d. Notes, SOFR Index + 0.650% | 3.337(c) | 05/13/24 | 13,500 | 13,232,885 | |
DTE Energy Co., | |||||
Sr. Unsec’d. Notes | 2.250 | 11/01/22 | 27,000 | 27,000,000 | |
Sr. Unsec’d. Notes | 4.220 | 11/01/24 | 8,250 | 8,055,741 | |
Entergy Louisiana LLC, First Mortgage | 0.620 | 11/17/23 | 6,498 | 6,188,243 | |
Florida Power & Light Co., | |||||
Sr. Unsec’d. Notes, SOFR Index + 0.250% | 2.920(c) | 05/10/23 | 11,250 | 11,215,067 | |
Sr. Unsec’d. Notes, SOFR Index + 0.380% | 3.439(c) | 01/12/24 | 5,000 | 4,942,772 | |
NextEra Energy Capital Holdings, Inc., Gtd. Notes | 2.940 | 03/21/24 | 15,000 | 14,533,178 | |
OGE Energy Corp., Sr. Unsec’d. Notes | 0.703 | 05/26/23 | 6,750 | 6,576,857 | |
PPL Electric Utilities Corp., First Mortgage, SOFR + 0.330% | 3.379(c) | 06/24/24 | 4,750 | 4,682,880 | |
Southern California Edison Co., First Mortgage, Series C | 4.200 | 06/01/25 | 14,250 | 13,905,328 | |
WEC Energy Group, Inc., | |||||
Sr. Unsec’d. Notes | 0.800 | 03/15/24 | 17,000 | 15,982,762 | |
Sr. Unsec’d. Notes | 5.000 | 09/27/25 | 3,500 | 3,479,598 | |
141,712,015 | |||||
Entertainment 0.3% | |||||
Warnermedia Holdings, Inc., Gtd. Notes, 144A, SOFR Index + 1.780% | 4.752(c) | 03/15/24 | 7,500 | 7,469,792 |
10
PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Foods 1.7% | |||||
Hormel Foods Corp., Sr. Unsec’d. Notes | 0.650 % | 06/03/24 | 6,000 | $5,604,962 | |
Mondelez International Holdings Netherlands BV, Gtd. Notes, 144A | 4.250 | 09/15/25 | 14,000 | 13,615,566 | |
Nestle Holdings, Inc., | |||||
Gtd. Notes, 144A | 0.375 | 01/15/24 | 10,000 | 9,464,673 | |
Gtd. Notes, 144A | 4.000 | 09/12/25 | 16,750 | 16,450,047 | |
45,135,248 | |||||
Forest Products & Paper 0.5% | |||||
Georgia-Pacific LLC, Sr. Unsec’d. Notes, 144A | 3.734 | 07/15/23 | 14,126 | 13,984,516 | |
Gas 0.4% | |||||
Atmos Energy Corp., Sr. Unsec’d. Notes, 3 Month LIBOR + 0.380% | 3.574(c) | 03/09/23 | 12,000 | 11,963,920 | |
Healthcare-Products 1.0% | |||||
Baxter International, Inc., Sr. Unsec’d. Notes | 0.868 | 12/01/23 | 19,237 | 18,367,370 | |
Stryker Corp., Sr. Unsec’d. Notes | 0.600 | 12/01/23 | 4,750 | 4,528,025 | |
Thermo Fisher Scientific, Inc., Sr. Unsec’d. Notes, SOFR Index + 0.530% | 3.589(c) | 10/18/24 | 5,000 | 4,947,562 | |
27,842,957 | |||||
Healthcare-Services 0.6% | |||||
UnitedHealth Group, Inc., | |||||
Sr. Unsec’d. Notes | 0.550 | 05/15/24 | 12,000 | 11,229,207 | |
Sr. Unsec’d. Notes | 5.150 | 10/15/25 | 4,000 | 4,008,505 | |
15,237,712 | |||||
Household Products/Wares 0.4% | |||||
Avery Dennison Corp., Sr. Unsec’d. Notes | 0.850 | 08/15/24 | 12,000 | 11,103,530 |
11
PGIM Core Short-Term 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 5.3% | |||||
Berkshire Hathaway, Inc., Sr. Unsec’d. Notes | 2.750 % | 03/15/23 | 13,000 | $12,901,728 | |
Equitable Financial Life Global Funding, | |||||
Sec’d. Notes, 144A | 0.800 | 08/12/24 | 3,000 | 2,764,137 | |
Sec’d. Notes, 144A, SOFR + 0.390% | 3.448(c) | 04/06/23 | 25,000 | 24,873,403 | |
Metropolitan Life Global Funding I, Sec’d. Notes, 144A, MTN | 4.050 | 08/25/25 | 23,000 | 22,234,507 | |
New York Life Global Funding, | |||||
Sec’d. Notes, 144A | 2.900 | 01/17/24 | 2,000 | 1,950,554 | |
Sec’d. Notes, 144A, MTN | 3.600 | 08/05/25 | 22,500 | 21,534,497 | |
Pacific Life Global Funding II, Sr. Sec’d. Notes, 144A | 0.500 | 09/23/23 | 12,000 | 11,518,047 | |
Principal Life Global Funding II, | |||||
Sec’d. Notes, 144A | 0.500 | 01/08/24 | 17,750 | 16,792,989 | |
Sec’d. Notes, 144A, SOFR + 0.450% | 3.509(c) | 04/12/24 | 2,750 | 2,740,280 | |
Protective Life Global Funding, | |||||
Sec’d. Notes, 144A | 0.631 | 10/13/23 | 10,750 | 10,283,625 | |
Sr. Sec’d. Notes, 144A | 0.473 | 01/12/24 | 15,000 | 14,129,387 | |
141,723,154 | |||||
Iron/Steel 0.3% | |||||
Nucor Corp., Sr. Unsec’d. Notes | 3.950 | 05/23/25 | 8,000 | 7,748,771 | |
Machinery-Construction & Mining 0.5% | |||||
Caterpillar Financial Services Corp., Sr. Unsec’d. Notes, MTN | 0.450 | 09/14/23 | 15,000 | 14,455,729 | |
Machinery-Diversified 0.5% | |||||
CNH Industrial Capital LLC, Gtd. Notes | 3.950 | 05/23/25 | 11,000 | 10,540,438 | |
John Deere Capital Corp., Sr. Unsec’d. Notes, MTN, SOFR + 0.200% | 3.258(c) | 10/11/24 | 2,122 | 2,093,980 | |
12,634,418 | |||||
Media 0.3% | |||||
Comcast Corp., Sr. Unsec’d. Notes | 5.250 | 11/07/25 | 7,000 | 7,003,850 |
12
PGIM Core Short-Term 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 1.6% | |||||
Exxon Mobil Corp., Sr. Unsec’d. Notes | 1.571 % | 04/15/23 | 21,000 | $20,702,583 | |
Phillips 66, Gtd. Notes | 0.900 | 02/15/24 | 16,000 | 15,149,493 | |
Pioneer Natural Resources Co., Sr. Unsec’d. Notes | 0.550 | 05/15/23 | 6,750 | 6,585,117 | |
42,437,193 | |||||
Pharmaceuticals 2.5% | |||||
AbbVie, Inc., Sr. Unsec’d. Notes, 3 Month LIBOR + 0.650% | 3.634(c) | 11/21/22 | 4,000 | 3,997,392 | |
AmerisourceBergen Corp., Sr. Unsec’d. Notes | 0.737 | 03/15/23 | 11,728 | 11,538,460 | |
Astrazeneca Finance LLC (United Kingdom), Gtd. Notes | 0.700 | 05/28/24 | 21,500 | 20,090,890 | |
Bristol-Myers Squibb Co., Sr. Unsec’d. Notes | 0.537 | 11/13/23 | 20,000 | 19,125,916 | |
GlaxoSmithKline Capital PLC (United Kingdom), Gtd. Notes | 0.534 | 10/01/23 | 13,500 | 12,980,322 | |
67,732,980 | |||||
Pipelines 0.6% | |||||
Enterprise Products Operating LLC, Gtd. Notes | 3.900 | 02/15/24 | 4,376 | 4,294,747 | |
Southern Natural Gas Co. LLC, Sr. Unsec’d. Notes, 144A | 0.625 | 04/28/23 | 4,250 | 4,135,261 | |
TransCanada PipeLines Ltd. (Canada), Sr. Unsec’d. Notes | 1.000 | 10/12/24 | 8,000 | 7,346,235 | |
15,776,243 | |||||
Real Estate Investment Trusts (REITs) 0.7% | |||||
Public Storage, Sr. Unsec’d. Notes, SOFR + 0.470% | 3.529(c) | 04/23/24 | 20,000 | 19,843,128 | |
Retail 2.1% | |||||
7-Eleven, Inc., | |||||
Sr. Unsec’d. Notes, 144A | 0.625 | 02/10/23 | 5,000 | 4,938,063 |
13
PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Retail (cont’d.) | |||||
7-Eleven, Inc., (cont’d.) | |||||
Sr. Unsec’d. Notes, 144A | 0.800 % | 02/10/24 | 7,000 | $6,603,324 | |
Dollar General Corp., Sr. Unsec’d. Notes | 4.250 | 09/20/24 | 6,750 | 6,632,959 | |
Home Depot, Inc. (The), | |||||
Sr. Unsec’d. Notes | 2.700 | 04/15/25 | 5,000 | 4,755,770 | |
Sr. Unsec’d. Notes | 4.000 | 09/15/25 | 10,000 | 9,791,997 | |
Lowe’s Cos., Inc., Sr. Unsec’d. Notes | 4.400 | 09/08/25 | 10,000 | 9,809,705 | |
Walmart, Inc., Sr. Unsec’d. Notes | 3.900 | 09/09/25 | 14,000 | 13,739,631 | |
56,271,449 | |||||
Savings & Loans 0.9% | |||||
Nationwide Building Society (United Kingdom), Sr. Unsec’d. Notes, 144A | 0.550 | 01/22/24 | 25,000 | 23,473,155 | |
Semiconductors 1.0% | |||||
Microchip Technology, Inc., Sr. Unsec’d. Notes | 0.972 | 02/15/24 | 28,500 | 26,820,910 | |
Software 0.6% | |||||
Fidelity National Information Services, Inc., Sr. Unsec’d. Notes | 0.600 | 03/01/24 | 14,250 | 13,391,963 | |
Infor, Inc., Sr. Unsec’d. Notes, 144A | 1.450 | 07/15/23 | 1,800 | 1,746,942 | |
15,138,905 | |||||
Telecommunications 1.9% | |||||
NTT Finance Corp. (Japan), | |||||
Gtd. Notes, 144A | 0.583 | 03/01/24 | 15,250 | 14,352,539 | |
Sr. Unsec’d. Notes, 144A | 4.142 | 07/26/24 | 2,000 | 1,962,378 | |
Verizon Communications, Inc., | |||||
Sr. Unsec’d. Notes | 0.750 | 03/22/24 | 12,000 | 11,331,890 | |
Sr. Unsec’d. Notes, SOFR Index + 0.500% | 3.532(c) | 03/22/24 | 23,000 | 22,833,987 | |
50,480,794 |
14
PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Transportation 0.2% | |||||
United Parcel Service, Inc., Sr. Unsec’d. Notes, 3 Month LIBOR + 0.450% | 4.193 %(c) | 04/01/23 | 5,144 | $5,138,561 | |
Total Corporate Bonds (cost $1,539,909,638) | 1,495,430,244 | ||||
Total Long-Term Investments (cost $2,092,632,895) | 2,030,397,102 | ||||
Short-Term Investments 24.3% | |||||
Certificates of Deposit 3.4% | |||||
BNP Paribas Fortis SA, SOFR + 0.700% | 3.750(c) | 04/28/23 | 25,000 | 25,000,419 | |
Citibank NA | 3.600 | 02/10/23 | 15,000 | 14,953,260 | |
Credit Agricole Corporate & Investment Bank SA | 3.690 | 12/22/22 | 10,000 | 9,996,428 | |
MUFG Bank Ltd., SOFR + 0.560% | 3.610(c) | 02/02/23 | 10,000 | 10,000,000 | |
Natixis SA, SOFR + 0.500% | 3.550(c) | 02/01/23 | 11,000 | 11,002,002 | |
State Street Bank & Trust Co. | 4.300 | 03/27/23 | 5,000 | 4,989,160 | |
State Street Bank & Trust Co., SOFR + 0.300% | 3.340(c) | 03/27/23 | 5,000 | 4,992,386 | |
Sumitomo Mitsui Trust Bank Ltd. | 3.220 | 11/08/22 | 10,000 | 9,999,478 | |
Total Certificates of Deposit (cost $91,000,000) | 90,933,133 | ||||
Commercial Paper 18.3% | |||||
Alimentation Couche-Tard, Inc., 144A | 4.006(n) | 11/10/22 | 5,000 | 4,994,611 | |
Australia & New Zealand Banking Group Ltd., 144A | 3.658(n) | 09/28/23 | 25,000 | 24,965,449 | |
Banco Santander SA, 144A | 3.291(n) | 12/01/22 | 14,500 | 14,453,077 | |
Bank of Montreal, 144A | 0.000(n) | 05/02/23 | 5,000 | 4,999,477 | |
BNP Paribas SA, 144A, SOFR + 0.420% | 3.465(c) | 12/07/22 | 20,000 | 20,005,034 | |
BP Capital Markets PLC, 144A | 5.037(n) | 02/22/23 | 25,000 | 24,586,592 | |
Cabot Corp., 144A | 3.733(n) | 11/01/22 | 7,000 | 6,999,334 |
15
PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Commercial Paper (Continued) | |||||
CDP Financial, Inc., | |||||
144A | 3.560 %(n) | 12/15/22 | 15,000 | $14,928,094 | |
144A, SOFR + 0.750% | 3.790(c) | 07/25/23 | 10,000 | 9,999,472 | |
Citigroup Global Markets Inc., 144A, SOFR + 0.650% | 3.690(c) | 09/20/23 | 15,000 | 14,973,474 | |
Consolidated Edison Co. of New York, Inc., 144A | 3.613(n) | 11/02/22 | 20,000 | 19,996,184 | |
E.ON AG, 144A | 3.735(n) | 11/04/22 | 10,000 | 9,996,034 | |
Enbridge, Inc., 144A | 3.715(n) | 11/04/22 | 15,000 | 14,993,728 | |
Enel Finance America LLC, 144A | 4.122(n) | 11/09/22 | 25,000 | 24,976,081 | |
Evergy Missouri West, Inc., 144A | 3.908(n) | 11/07/22 | 15,000 | 14,989,004 | |
Federation Des Caisses Desjardins, 144A | 3.620(n) | 12/13/22 | 5,000 | 4,977,138 | |
Glencore Funding LLC, | |||||
144A | 3.764(n) | 11/04/22 | 15,000 | 14,993,973 | |
144A | 3.765(n) | 11/07/22 | 10,000 | 9,992,553 | |
HCP, Inc., | |||||
144A | 3.602(n) | 11/02/22 | 20,000 | 19,996,159 | |
144A | 3.716(n) | 11/08/22 | 5,000 | 4,995,766 | |
Hydro-Quebec, 144A | 3.112(n) | 11/04/22 | 15,000 | 14,994,618 | |
National Securities Clearing Corp., 144A | 3.134(n) | 11/09/22 | 10,000 | 9,991,295 | |
Nutrien Ltd., 144A | 3.718(n) | 11/08/22 | 20,000 | 19,983,022 | |
Ontario Teachers’ Finance Trust, 144A | 3.151(n) | 01/12/23 | 10,000 | 9,916,800 | |
PSP Capital, Inc., 144A | 3.134(n) | 11/10/22 | 15,000 | 14,985,446 | |
Republic Services, Inc., 144A | 3.605(n) | 11/03/22 | 7,500 | 7,497,787 | |
Sonoco Products Co. | 3.500(n) | 11/01/22 | 10,000 | 9,999,065 | |
Suncor Energy, Inc., | |||||
144A | 3.661(n) | 11/04/22 | 2,500 | 2,499,009 | |
144A | 3.716(n) | 11/03/22 | 7,500 | 7,497,812 | |
144A | 3.717(n) | 11/07/22 | 15,000 | 14,989,004 | |
Swedbank AB, SOFR + 0.410% | 3.451(c) | 11/14/22 | 15,000 | 15,001,747 |
16
PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Commercial Paper (Continued) | |||||
Sysco Corp., 144A | 3.550 %(n) | 11/01/22 | 7,500 | $7,499,294 | |
TransCanada PipeLines Ltd., 144A | 3.695(n) | 11/08/22 | 10,500 | 10,491,178 | |
Virginia Electric & Power Co. | 3.554(n) | 11/03/22 | 10,000 | 9,997,239 | |
Welltower, Inc., 144A | 3.605(n) | 11/03/22 | 30,000 | 29,991,148 | |
Westpac Banking Corp., 144A, SOFR + 0.650% | 3.700(c) | 04/28/23 | 25,000 | 25,000,332 | |
Total Commercial Paper (cost $491,295,298) | 491,146,030 | ||||
Corporate Bonds 1.9% | |||||
Aerospace & Defense 0.4% | |||||
Boeing Co. (The), Sr. Unsec’d. Notes | 1.167% | 02/04/23 | 11,200 | 11,069,124 | |
Banks 0.4% | |||||
Morgan Stanley, Sr. Unsec’d. Notes, GMTN | 3.750 | 02/25/23 | 10,000 | 9,973,187 | |
Toronto-Dominion Bank (The) (Canada), Sr. Unsec’d. Notes, MTN, SOFR + 0.220% | 3.082(c) | 06/02/23 | 1,700 | 1,694,152 | |
11,667,339 | |||||
Diversified Financial Services 0.4% | |||||
American Express Co., Sr. Unsec’d. Notes | 3.400% | 02/27/23 | 11,000 | 10,947,915 | |
Electric 0.5% | |||||
Southern California Edison Co., First Mortgage, Series D | 3.400% | 06/01/23 | 12,500 | 12,352,655 | |
Machinery-Construction & Mining 0.2% | |||||
Caterpillar Financial Services Corp., Sr. Unsec’d. Notes, MTN, SOFR + 0.150% | 2.879%(c) | 11/17/22 | 4,400 | 4,399,384 | |
Total Corporate Bonds (cost $50,848,588) | 50,436,417 |
17
PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Description | Shares | Value | |||
Unaffiliated Fund 0.7% | |||||
Dreyfus Government Cash Management (Institutional Shares) (cost $19,458,826) | 19,458,826 | $19,458,826 | |||
Total Short-Term Investments (cost $652,602,712) | 651,974,406 | ||||
TOTAL INVESTMENTS 100.0% (cost $2,745,235,607) | 2,682,371,508 | ||||
Liabilities in excess of other assets(z) (0.0)% | (334,227) | ||||
Net Assets 100.0% | $2,682,037,281 |
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. |
A | Annual payment frequency for swaps |
ABS | Asset-Backed Security |
BSBY | Bloomberg Short-Term Bank Yield Index |
GMTN | Global Medium Term Note |
LIBOR | London Interbank Offered Rate |
MASTR | Morgan Stanley Structured Asset Security |
MTN | Medium Term Note |
Q | Quarterly payment frequency for swaps |
REITs | Real Estate Investment Trust |
S | Semiannual payment frequency for swaps |
SOFR | Secured Overnight Financing Rate |
T | Swap payment upon termination |
USOIS | United States Overnight Index Swap |
# | Principal or notional amount is shown in U.S. dollars unless otherwise stated. |
(c) | Variable rate instrument. The interest rate shown reflects the rate in effect at October 31, 2022. |
(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. |
(n) | Rate shown reflects yield to maturity at purchased date. |
(z) | Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments: |
18
PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Interest rate swap agreements outstanding at October 31, 2022:
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at October 31, 2022 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements: | ||||||||||||||
15,000 | 01/30/23 | 1.467%(S) | 3 Month LIBOR(1)(Q)/ 4.460% | $— | $58,075 | $58,075 | ||||||||
65,700 | 05/11/23 | 2.250%(A) | 1 Day USOIS(1)(A)/ 3.080% | (3,959,253) | 733,809 | 4,693,062 | ||||||||
100,000 | 07/26/23 | 0.192%(A) | 1 Day USOIS(1)(A)/ 3.080% | — | 3,920,638 | 3,920,638 | ||||||||
27,000 | 09/23/23 | 4.220%(T) | 1 Day SOFR(1)(T)/ 3.050% | 21,046 | 93,688 | 72,642 | ||||||||
70,000 | 11/26/23 | 2.447%(A) | 1 Day SOFR(1)(A)/ 3.050% | — | 1,564,367 | 1,564,367 | ||||||||
20,000 | 12/01/23 | 2.634%(A) | 1 Day SOFR(1)(A)/ 3.050% | — | 371,964 | 371,964 | ||||||||
19,250 | 02/04/24 | 0.133%(A) | 1 Day USOIS(1)(A)/ 3.080% | 24,122 | 1,271,392 | 1,247,270 | ||||||||
47,000 | 03/01/24 | 0.230%(A) | 1 Day USOIS(1)(A)/ 3.080% | 58,857 | 3,151,594 | 3,092,737 | ||||||||
28,500 | 03/01/24 | 2.478%(A) | 1 Day SOFR(1)(A)/ 3.050% | — | 776,173 | 776,173 | ||||||||
12,000 | 03/15/24 | 0.276%(A) | 1 Day USOIS(1)(A)/ 3.080% | — | 812,923 | 812,923 | ||||||||
17,000 | 03/18/24 | 0.278%(A) | 1 Day USOIS(1)(A)/ 3.080% | — | 1,156,636 | 1,156,636 | ||||||||
25,000 | 03/31/24 | 2.305%(A) | 1 Day SOFR(1)(A)/ 3.050% | 150,637 | 724,745 | 574,108 | ||||||||
3,000 | 04/26/24 | 0.305%(A) | 1 Day USOIS(1)(A)/ 3.080% | — | 214,727 | 214,727 | ||||||||
9,750 | 05/11/24 | 0.300%(A) | 1 Day SOFR(1)(A)/ 3.050% | (2,320) | 707,424 | 709,744 | ||||||||
90,000 | 05/11/24 | 2.603%(A) | 1 Day SOFR(1)(A)/ 3.050% | (14,235) | 2,499,781 | 2,514,016 | ||||||||
12,000 | 05/20/24 | 0.296%(A) | 1 Day USOIS(1)(A)/ 3.080% | — | 888,353 | 888,353 | ||||||||
21,000 | 06/16/24 | 0.304%(A) | 1 Day USOIS(1)(A)/ 3.080% | — | 1,601,618 | 1,601,618 | ||||||||
25,000 | 08/05/24 | 0.261%(A) | 1 Day SOFR(1)(A)/ 3.050% | — | 1,981,226 | 1,981,226 | ||||||||
99,000 | 08/08/24 | 2.512%(A) | 1 Day SOFR(1)(A)/ 3.050% | 927,702 | 3,583,356 | 2,655,654 | ||||||||
3,000 | 08/13/24 | 0.368%(A) | 1 Day SOFR(1)(A)/ 3.050% | — | 232,553 | 232,553 | ||||||||
15,000 | 08/31/24 | 0.399%(A) | 1 Day USOIS(1)(A)/ 3.080% | — | 1,172,614 | 1,172,614 |
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PGIM Core Short-Term Bond Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2022
Interest rate swap agreements outstanding at October 31, 2022 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at October 31, 2022 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
12,000 | 09/01/24 | 2.500%(A) | 1 Day SOFR(1)(A)/ 3.050% | $2,973 | $450,340 | $447,367 | ||||||||
29,750 | 09/08/24 | 3.602%(A) | 1 Day SOFR(1)(A)/ 3.050% | 335,137 | 498,663 | 163,526 | ||||||||
7,500 | 09/09/24 | 0.368%(A) | 1 Day SOFR(1)(A)/ 3.050% | (293) | 589,280 | 589,573 | ||||||||
8,000 | 10/12/24 | 0.511%(A) | 1 Day SOFR(1)(A)/ 3.050% | — | 614,173 | 614,173 | ||||||||
25,000 | 11/29/24 | 0.090%(A) | 1 Day USOIS(1)(A)/ 3.080% | (1,817) | 2,449,537 | 2,451,354 | ||||||||
17,000 | 03/21/25 | 1.998%(A) | 1 Day SOFR(1)(A)/ 3.050% | — | 897,315 | 897,315 | ||||||||
37,600 | 03/27/25 | 4.171%(A) | 1 Day SOFR(1)(A)/ 3.050% | 12,585 | 192,481 | 179,896 | ||||||||
59,750 | 03/30/25 | 2.418%(A) | 1 Day SOFR(1)(A)/ 3.050% | 402,571 | 2,486,546 | 2,083,975 | ||||||||
12,000 | 05/11/25 | 0.450%(A) | 1 Day SOFR(1)(A)/ 3.050% | 105,148 | 1,217,742 | 1,112,594 | ||||||||
88,750 | 06/29/25 | 3.086%(A) | 1 Day SOFR(1)(A)/ 3.050% | (646,552) | 2,654,953 | 3,301,505 | ||||||||
53,000 | 08/17/25 | 2.957%(A) | 1 Day SOFR(1)(A)/ 3.050% | 116,009 | 1,904,290 | 1,788,281 | ||||||||
145,500 | 09/08/25 | 3.422%(A) | 1 Day SOFR(1)(A)/ 3.050% | 1,113,438 | 3,440,838 | 2,327,400 | ||||||||
11,250 | 10/07/25 | 3.955%(A) | 1 Day SOFR(1)(A)/ 3.050% | 2,997 | 107,046 | 104,049 | ||||||||
20,000 | 10/21/25 | 4.378%(A) | 1 Day SOFR(1)(A)/ 3.050% | (11,542) | (40,892) | (29,350) | ||||||||
$(1,362,790) | $44,979,968 | $46,342,758 |
(1) | The Fund pays the fixed rate and receives the floating rate. |
(2) | The Fund pays the floating rate and receives the fixed rate. |
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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