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Prudential Series Fund similar filings
- 25 Nov 22 PSF PGIM High Yield Bond Portfolio (Sep 2022 report)
- 25 Nov 22 PSF PGIM Total Return Bond Portfolio (Sep 2022 report)
- 25 Nov 22 PSF PGIM Jennison Blend Portfolio (Sep 2022 report)
- 25 Nov 22 PSF PGIM 50/50 Balanced Portfolio (Sep 2022 report)
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- 25 Nov 22 PSF PGIM Jennison Growth Portfolio (Sep 2022 report)
- 25 Nov 22 PSF Mid-Cap Growth Portfolio (Sep 2022 report)
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PSF PGIM 50/50 BALANCED
PORTFOLIO
SCHEDULE OF INVESTMENTS | as of September 30, 2022 (unaudited) |
Shares | Value | |||||
Long-Term Investments — 87.4% | ||||||
Common Stocks — 48.4% | ||||||
Aerospace & Defense — 0.8% | ||||||
BAE Systems PLC (United Kingdom) | 6,901 | $60,635 | ||||
Boeing Co. (The)* | 19,950 | 2,415,546 | ||||
General Dynamics Corp. | 8,200 | 1,739,794 | ||||
Howmet Aerospace, Inc. | 13,080 | 404,564 | ||||
Huntington Ingalls Industries, Inc. | 1,400 | 310,100 | ||||
L3Harris Technologies, Inc. | 6,770 | 1,407,009 | ||||
Lockheed Martin Corp. | 8,520 | 3,291,191 | ||||
Northrop Grumman Corp. | 5,162 | 2,427,792 | ||||
Raytheon Technologies Corp. | 52,655 | 4,310,338 | ||||
Textron, Inc. | 7,500 | 436,950 | ||||
Thales SA (France) | 232 | 25,565 | ||||
TransDigm Group, Inc. | 1,820 | 955,173 | ||||
17,784,657 | ||||||
Air Freight & Logistics — 0.3% | ||||||
C.H. Robinson Worldwide, Inc.(a) | 4,400 | 423,764 | ||||
Expeditors International of Washington, Inc. | 5,900 | 521,029 | ||||
FedEx Corp. | 8,480 | 1,259,026 | ||||
United Parcel Service, Inc. (Class B Stock) | 26,000 | 4,200,040 | ||||
6,403,859 | ||||||
Airlines — 0.1% | ||||||
Alaska Air Group, Inc.* | 4,300 | 168,345 | ||||
American Airlines Group, Inc.*(a) | 22,500 | 270,900 | ||||
Delta Air Lines, Inc.* | 22,200 | 622,932 | ||||
Singapore Airlines Ltd. (Singapore)* | 3,000 | 10,603 | ||||
Southwest Airlines Co.* | 20,600 | 635,304 | ||||
United Airlines Holdings, Inc.* | 11,200 | 364,336 | ||||
2,072,420 | ||||||
Auto Components — 0.0% | ||||||
Aptiv PLC* | 9,400 | 735,174 | ||||
BorgWarner, Inc.(a) | 8,700 | 273,180 | ||||
1,008,354 | ||||||
Automobiles — 1.3% | ||||||
Bayerische Motoren Werke AG (Germany) | 734 | 49,749 | ||||
Ferrari NV (Italy) | 270 | 50,000 | ||||
Ford Motor Co. | 138,785 | 1,554,392 | ||||
General Motors Co. | 51,300 | 1,646,217 | ||||
Honda Motor Co. Ltd. (Japan) | 3,600 | 78,141 | ||||
Mazda Motor Corp. (Japan) | 22,600 | 150,068 | ||||
Mercedes-Benz Group AG (Germany) | 1,741 | 88,037 | ||||
Stellantis NV | 17,964 | 212,199 | ||||
Suzuki Motor Corp. (Japan) | 800 | 24,904 | ||||
Tesla, Inc.* | 94,620 | 25,097,955 | ||||
Toyota Motor Corp. (Japan) | 9,500 | 124,169 | ||||
Volkswagen AG (Germany) | 65 | 10,593 | ||||
29,086,424 | ||||||
Banks — 1.8% | ||||||
Australia & New Zealand Banking Group Ltd. (Australia) | 6,039 | 88,404 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Banks (cont’d.) | ||||||
Banco Santander SA (Spain) | 19,511 | $45,400 | ||||
Bank Hapoalim BM (Israel) | 3,139 | 26,498 | ||||
Bank Leumi Le-Israel BM (Israel) | 24,516 | 209,385 | ||||
Bank of America Corp. | 248,441 | 7,502,918 | ||||
Barclays PLC (United Kingdom) | 136,650 | 217,429 | ||||
BNP Paribas SA (France) | 1,643 | 69,399 | ||||
Citigroup, Inc. | 68,735 | 2,864,187 | ||||
Citizens Financial Group, Inc. | 17,100 | 587,556 | ||||
Comerica, Inc. | 4,500 | 319,950 | ||||
Commerzbank AG (Germany)* | 2,349 | 16,723 | ||||
Commonwealth Bank of Australia (Australia) | 1,587 | 92,324 | ||||
DBS Group Holdings Ltd. (Singapore) | 12,300 | 284,540 | ||||
DNB Bank ASA (Norway) | 6,175 | 97,985 | ||||
Fifth Third Bancorp | 23,721 | 758,123 | ||||
First Republic Bank | 6,400 | 835,520 | ||||
HSBC Holdings PLC (United Kingdom) | 31,218 | 161,642 | ||||
Huntington Bancshares, Inc. | 50,236 | 662,111 | ||||
ING Groep NV (Netherlands) | 8,003 | 68,573 | ||||
Israel Discount Bank Ltd. (Israel) (Class A Stock) | 33,839 | 170,390 | ||||
JPMorgan Chase & Co. | 104,245 | 10,893,603 | ||||
KeyCorp | 32,300 | 517,446 | ||||
Lloyds Banking Group PLC (United Kingdom) | 500,453 | 226,199 | ||||
M&T Bank Corp. | 6,205 | 1,094,066 | ||||
National Australia Bank Ltd. (Australia) | 3,571 | 66,120 | ||||
NatWest Group PLC (United Kingdom) | 64,467 | 160,569 | ||||
Nordea Bank Abp (Finland) | 7,380 | 63,160 | ||||
Oversea-Chinese Banking Corp. Ltd. (Singapore) | 7,300 | 59,815 | ||||
PNC Financial Services Group, Inc. (The) | 14,633 | 2,186,463 | ||||
Regions Financial Corp. | 33,103 | 664,377 | ||||
Signature Bank | 2,300 | 347,300 | ||||
SVB Financial Group*(a) | 2,040 | 684,991 | ||||
Swedbank AB (Sweden) (Class A Stock) | 1,800 | 23,626 | ||||
Truist Financial Corp. | 47,101 | 2,050,778 | ||||
U.S. Bancorp | 47,685 | 1,922,659 | ||||
Wells Fargo & Co. | 134,864 | 5,424,230 | ||||
Zions Bancorp NA | 5,650 | 287,359 | ||||
41,751,818 | ||||||
Beverages — 0.9% | ||||||
Brown-Forman Corp. (Class B Stock) | 6,375 | 424,384 | ||||
Coca-Cola Co. (The) | 138,101 | 7,736,418 | ||||
Coca-Cola HBC AG (Italy)* | 434 | 9,068 | ||||
Constellation Brands, Inc. (Class A Stock) | 5,900 | 1,355,112 | ||||
Diageo PLC (United Kingdom) | 931 | 39,189 | ||||
Heineken Holding NV (Netherlands) | 248 | 16,978 | ||||
Heineken NV (Netherlands) | 564 | 49,255 | ||||
Keurig Dr. Pepper, Inc. | 30,200 | 1,081,764 | ||||
Molson Coors Beverage Co. (Class B Stock) | 6,500 | 311,935 | ||||
Monster Beverage Corp.* | 13,400 | 1,165,264 |
A1
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2022 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Beverages (cont’d.) | ||||||
PepsiCo, Inc. | 49,007 | $8,000,883 | ||||
20,190,250 | ||||||
Biotechnology — 1.1% | ||||||
AbbVie, Inc. | 62,901 | 8,441,943 | ||||
Amgen, Inc. | 19,037 | 4,290,940 | ||||
Biogen, Inc.* | 5,260 | 1,404,420 | ||||
Gilead Sciences, Inc. | 44,100 | 2,720,529 | ||||
Incyte Corp.* | 6,900 | 459,816 | ||||
Moderna, Inc.* | 11,950 | 1,413,088 | ||||
Regeneron Pharmaceuticals, Inc.* | 3,820 | 2,631,483 | ||||
Vertex Pharmaceuticals, Inc.* | 9,000 | 2,605,860 | ||||
23,968,079 | ||||||
Building Products — 0.2% | ||||||
A.O. Smith Corp. | 4,600 | 223,468 | ||||
AGC, Inc. (Japan) | 500 | 15,566 | ||||
Allegion PLC | 3,133 | 280,967 | ||||
Assa Abloy AB (Sweden) (Class B Stock) | 2,184 | 40,919 | ||||
Carrier Global Corp. | 30,102 | 1,070,427 | ||||
Cie de Saint-Gobain (France) | 4,482 | 160,257 | ||||
Fortune Brands Home & Security, Inc. | 4,900 | 263,081 | ||||
Johnson Controls International PLC | 24,622 | 1,211,895 | ||||
Masco Corp.(a) | 8,500 | 396,865 | ||||
Nibe Industrier AB (Sweden) (Class B Stock) | 3,162 | 28,206 | ||||
Trane Technologies PLC | 8,200 | 1,187,442 | ||||
Xinyi Glass Holdings Ltd. (China) | 4,000 | 5,785 | ||||
4,884,878 | ||||||
Capital Markets — 1.4% | ||||||
3i Group PLC (United Kingdom) | 11,134 | 133,691 | ||||
Ameriprise Financial, Inc. | 3,820 | 962,449 | ||||
Amundi SA (France), 144A | 128 | 5,329 | ||||
ASX Ltd. (Australia) | 420 | 19,330 | ||||
Bank of New York Mellon Corp. (The) | 26,358 | 1,015,310 | ||||
BlackRock, Inc. | 5,350 | 2,943,998 | ||||
Cboe Global Markets, Inc. | 3,700 | 434,269 | ||||
Charles Schwab Corp. (The) | 54,250 | 3,898,948 | ||||
CME Group, Inc. | 12,700 | 2,249,551 | ||||
Deutsche Bank AG (Germany) | 8,354 | 61,853 | ||||
Deutsche Boerse AG (Germany) | 411 | 67,374 | ||||
FactSet Research Systems, Inc. | 1,400 | 560,154 | ||||
Franklin Resources, Inc.(a) | 9,700 | 208,744 | ||||
Goldman Sachs Group, Inc. (The) | 12,180 | 3,569,349 | ||||
Intercontinental Exchange, Inc. | 19,855 | 1,793,899 | ||||
Invesco Ltd. | 16,200 | 221,940 | ||||
Julius Baer Group Ltd. (Switzerland) | 468 | 20,423 | ||||
Macquarie Group Ltd. (Australia) | 2,303 | 224,681 | ||||
MarketAxess Holdings, Inc. | 1,420 | 315,936 | ||||
Moody’s Corp. | 5,550 | 1,349,261 | ||||
Morgan Stanley | 47,619 | 3,762,377 | ||||
MSCI, Inc. | 2,860 | 1,206,319 | ||||
Nasdaq, Inc. | 12,000 | 680,160 | ||||
Northern Trust Corp. | 7,200 | 616,032 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Capital Markets (cont’d.) | ||||||
Partners Group Holding AG (Switzerland) | 49 | $39,434 | ||||
Raymond James Financial, Inc. | 6,750 | 667,035 | ||||
S&P Global, Inc. | 12,060 | 3,682,521 | ||||
Singapore Exchange Ltd. (Singapore) | 14,000 | 91,845 | ||||
State Street Corp. | 12,700 | 772,287 | ||||
T. Rowe Price Group, Inc.(a) | 8,000 | 840,080 | ||||
UBS Group AG (Switzerland) | 20,471 | 296,993 | ||||
32,711,572 | ||||||
Chemicals — 0.9% | ||||||
Air Products & Chemicals, Inc. | 7,900 | 1,838,567 | ||||
Albemarle Corp. | 4,200 | 1,110,648 | ||||
Arkema SA (France) | 130 | 9,474 | ||||
Celanese Corp. | 3,500 | 316,190 | ||||
CF Industries Holdings, Inc. | 7,100 | 683,375 | ||||
Clariant AG (Switzerland)* | 496 | 7,923 | ||||
Corteva, Inc. | 25,347 | 1,448,581 | ||||
Dow, Inc. | 25,647 | 1,126,673 | ||||
DuPont de Nemours, Inc. | 17,947 | 904,529 | ||||
Eastman Chemical Co. | 4,600 | 326,830 | ||||
Ecolab, Inc. | 8,800 | 1,270,896 | ||||
FMC Corp. | 4,600 | 486,220 | ||||
ICL Group Ltd. (Israel) | 10,162 | 81,443 | ||||
International Flavors & Fragrances, Inc. | 9,100 | 826,553 | ||||
Linde PLC (United Kingdom) | 17,800 | 4,798,702 | ||||
LyondellBasell Industries NV (Class A Stock) | 9,100 | 685,048 | ||||
Mitsui Chemicals, Inc. (Japan) | 400 | 7,797 | ||||
Mosaic Co. (The)(a) | 12,300 | 594,459 | ||||
Nitto Denko Corp. (Japan) | 300 | 16,244 | ||||
OCI NV (Netherlands) | 1,046 | 38,296 | ||||
PPG Industries, Inc. | 8,200 | 907,658 | ||||
Sherwin-Williams Co. (The) | 8,350 | 1,709,662 | ||||
Shin-Etsu Chemical Co. Ltd. (Japan) | 2,400 | 237,496 | ||||
Solvay SA (Belgium) | 372 | 28,801 | ||||
Sumitomo Chemical Co. Ltd. (Japan) | 3,100 | 10,663 | ||||
Tosoh Corp. (Japan) | 13,700 | 152,691 | ||||
Yara International ASA (Brazil) | 3,990 | 140,030 | ||||
19,765,449 | ||||||
Commercial Services & Supplies — 0.3% | ||||||
Brambles Ltd. (Australia) | 3,105 | 22,714 | ||||
Cintas Corp. | 3,020 | 1,172,334 | ||||
Copart, Inc.* | 7,700 | 819,280 | ||||
Rentokil Initial PLC (United Kingdom) | 3,827 | 20,285 | ||||
Republic Services, Inc. | 7,265 | 988,330 | ||||
Rollins, Inc. | 8,700 | 301,716 | ||||
Securitas AB (Sweden) (Class B Stock) | 2,775 | 19,264 | ||||
TOPPAN, Inc. (Japan) | 6,200 | 92,356 | ||||
Waste Management, Inc. | 13,942 | 2,233,648 | ||||
5,669,927 | ||||||
Communications Equipment — 0.4% | ||||||
Arista Networks, Inc.* | 8,700 | 982,143 | ||||
Cisco Systems, Inc. | 147,000 | 5,880,000 | ||||
F5, Inc.* | 2,200 | 318,406 |
A2
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2022 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Communications Equipment (cont’d.) | ||||||
Juniper Networks, Inc. | 12,000 | $313,440 | ||||
Motorola Solutions, Inc. | 5,889 | 1,318,959 | ||||
Nokia OYJ (Finland) | 49,351 | 211,867 | ||||
9,024,815 | ||||||
Construction & Engineering — 0.0% | ||||||
Eiffage SA (France) | 642 | 51,484 | ||||
Kajima Corp. (Japan) | 1,000 | 9,478 | ||||
Quanta Services, Inc. | 5,100 | 649,689 | ||||
Taisei Corp. (Japan) | 500 | 13,867 | ||||
Vinci SA (France) | 3,095 | 250,264 | ||||
974,782 | ||||||
Construction Materials — 0.1% | ||||||
Martin Marietta Materials, Inc. | 2,280 | 734,365 | ||||
Vulcan Materials Co. | 4,800 | 757,008 | ||||
1,491,373 | ||||||
Consumer Finance — 0.2% | ||||||
American Express Co. | 21,300 | 2,873,583 | ||||
Capital One Financial Corp. | 13,661 | 1,259,134 | ||||
Discover Financial Services | 9,740 | 885,561 | ||||
Synchrony Financial | 17,772 | 500,993 | ||||
5,519,271 | ||||||
Containers & Packaging — 0.1% | ||||||
Amcor PLC | 53,250 | 571,373 | ||||
Avery Dennison Corp. | 2,900 | 471,830 | ||||
Ball Corp.(a) | 11,200 | 541,184 | ||||
International Paper Co. | 13,473 | 427,094 | ||||
Packaging Corp. of America(a) | 3,500 | 393,015 | ||||
Sealed Air Corp. | 5,100 | 227,001 | ||||
Westrock Co. | 9,744 | 300,992 | ||||
2,932,489 | ||||||
Distributors — 0.1% | ||||||
D’ieteren Group (Belgium) | 54 | 7,608 | ||||
Genuine Parts Co. | 5,100 | 761,532 | ||||
LKQ Corp. | 9,300 | 438,495 | ||||
Pool Corp. | 1,480 | 470,951 | ||||
1,678,586 | ||||||
Diversified Financial Services — 0.8% | ||||||
Berkshire Hathaway, Inc. (Class B Stock)* | 64,180 | 17,137,344 | ||||
Industrivarden AB (Sweden) (Class A Stock) | 49 | 987 | ||||
Investor AB (Sweden) (Class A Stock) | 1,064 | 16,304 | ||||
ORIX Corp. (Japan) | 11,000 | 154,099 | ||||
17,308,734 | ||||||
Diversified Telecommunication Services — 0.5% | ||||||
AT&T, Inc. | 253,336 | 3,886,174 | ||||
Bezeq The Israeli Telecommunication Corp. Ltd. (Israel) | 41,454 | 67,765 | ||||
Deutsche Telekom AG (Germany) | 9,843 | 167,544 | ||||
Koninklijke KPN NV (Netherlands) | 62,653 | 169,562 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Diversified Telecommunication Services (cont’d.) | ||||||
Lumen Technologies, Inc.(a) | 33,779 | $245,911 | ||||
Spark New Zealand Ltd. (New Zealand) | 16,168 | 45,234 | ||||
Telefonica Deutschland Holding AG (Germany) | 30,483 | 61,631 | ||||
Telia Co. AB (Sweden) | 5,776 | 16,635 | ||||
Telstra Corp. Ltd. (Australia) | 9,102 | 22,475 | ||||
Verizon Communications, Inc. | 148,676 | 5,645,228 | ||||
10,328,159 | ||||||
Electric Utilities — 1.0% | ||||||
Alliant Energy Corp. | 8,700 | 461,013 | ||||
American Electric Power Co., Inc. | 18,160 | 1,569,932 | ||||
CK Infrastructure Holdings Ltd. (Hong Kong) | 1,500 | 7,651 | ||||
Constellation Energy Corp. | 11,304 | 940,380 | ||||
Duke Energy Corp. | 27,461 | 2,554,422 | ||||
Edison International | 13,200 | 746,856 | ||||
Endesa SA (Spain) | 3,491 | 52,433 | ||||
Enel SpA (Italy) | 55,582 | 227,954 | ||||
Entergy Corp. | 7,300 | 734,599 | ||||
Evergy, Inc. | 7,900 | 469,260 | ||||
Eversource Energy | 12,300 | 958,908 | ||||
Exelon Corp. | 34,713 | 1,300,349 | ||||
FirstEnergy Corp. | 19,956 | 738,372 | ||||
Iberdrola SA (Spain) | 15,405 | 143,639 | ||||
NextEra Energy, Inc. | 69,600 | 5,457,336 | ||||
NRG Energy, Inc. | 8,700 | 332,949 | ||||
PG&E Corp.* | 54,400 | 680,000 | ||||
Pinnacle West Capital Corp. | 4,100 | 264,491 | ||||
Power Assets Holdings Ltd. (Hong Kong) | 3,000 | 15,038 | ||||
PPL Corp. | 26,100 | 661,635 | ||||
Red Electrica Corp. SA (Spain) | 891 | 13,673 | ||||
Southern Co. (The) | 37,700 | 2,563,600 | ||||
SSE PLC (United Kingdom) | 7,676 | 129,617 | ||||
Terna - Rete Elettrica Nazionale (Italy) | 3,112 | 18,954 | ||||
Xcel Energy, Inc. | 19,110 | 1,223,040 | ||||
22,266,101 | ||||||
Electrical Equipment — 0.3% | ||||||
ABB Ltd. (Switzerland) | 3,540 | 91,401 | ||||
AMETEK, Inc. | 8,000 | 907,280 | ||||
Eaton Corp. PLC | 14,137 | 1,885,310 | ||||
Emerson Electric Co. | 20,800 | 1,522,976 | ||||
Generac Holdings, Inc.*(a) | 2,300 | 409,722 | ||||
Prysmian SpA (Italy) | 558 | 15,983 | ||||
Rockwell Automation, Inc. | 4,200 | 903,462 | ||||
5,736,134 | ||||||
Electronic Equipment, Instruments & Components — 0.3% | ||||||
Amphenol Corp. (Class A Stock) | 21,200 | 1,419,552 | ||||
CDW Corp. | 4,850 | 756,988 | ||||
Corning, Inc. | 26,700 | 774,834 | ||||
Hamamatsu Photonics KK (Japan) | 4,000 | 171,449 | ||||
Ibiden Co. Ltd. (Japan) | 300 | 8,202 | ||||
Keysight Technologies, Inc.* | 6,400 | 1,007,104 |
A3
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2022 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Electronic Equipment, Instruments & Components (cont’d.) | ||||||
TDK Corp. (Japan) | 900 | $27,783 | ||||
TE Connectivity Ltd. (Switzerland) | 11,300 | 1,247,068 | ||||
Teledyne Technologies, Inc.* | 1,660 | 560,200 | ||||
Trimble, Inc.* | 8,700 | 472,149 | ||||
Venture Corp. Ltd. (Singapore) | 2,000 | 22,726 | ||||
Zebra Technologies Corp. (Class A Stock)* | 1,970 | 516,160 | ||||
6,984,215 | ||||||
Energy Equipment & Services — 0.1% | ||||||
Baker Hughes Co.(a) | 35,998 | 754,518 | ||||
Halliburton Co. | 32,200 | 792,764 | ||||
Schlumberger NV | 49,524 | 1,777,912 | ||||
3,325,194 | ||||||
Entertainment — 0.7% | ||||||
Activision Blizzard, Inc. | 26,300 | 1,955,142 | ||||
Electronic Arts, Inc. | 9,400 | 1,087,674 | ||||
Konami Group Corp. (Japan) | 200 | 9,260 | ||||
Live Nation Entertainment, Inc.* | 4,900 | 372,596 | ||||
Netflix, Inc.* | 15,810 | 3,722,306 | ||||
Nintendo Co. Ltd. (Japan) | 2,700 | 108,903 | ||||
Take-Two Interactive Software, Inc.* | 5,700 | 621,300 | ||||
Toho Co. Ltd. (Japan) | 300 | 10,909 | ||||
Walt Disney Co. (The)* | 64,882 | 6,120,319 | ||||
Warner Bros. Discovery, Inc.*(a) | 76,976 | 885,224 | ||||
14,893,633 | ||||||
Equity Real Estate Investment Trusts (REITs) — 1.3% | ||||||
Alexandria Real Estate Equities, Inc. | 5,280 | 740,203 | ||||
American Tower Corp. | 16,460 | 3,533,962 | ||||
AvalonBay Communities, Inc. | 5,075 | 934,764 | ||||
Boston Properties, Inc. | 4,900 | 367,353 | ||||
Camden Property Trust | 3,800 | 453,910 | ||||
Crown Castle, Inc. | 15,400 | 2,226,070 | ||||
Dexus (Australia) | 4,805 | 23,903 | ||||
Digital Realty Trust, Inc. | 10,100 | 1,001,718 | ||||
Duke Realty Corp. | 13,700 | 660,340 | ||||
Equinix, Inc. | 3,244 | 1,845,317 | ||||
Equity Residential | 12,200 | 820,084 | ||||
Essex Property Trust, Inc. | 2,350 | 569,241 | ||||
Extra Space Storage, Inc. | 4,800 | 829,008 | ||||
Federal Realty Investment Trust | 2,400 | 216,288 | ||||
Goodman Group (Australia) | 14,090 | 142,405 | ||||
Healthpeak Properties, Inc. | 18,700 | 428,604 | ||||
Host Hotels & Resorts, Inc. | 24,782 | 393,538 | ||||
Invitation Homes, Inc. | 20,600 | 695,662 | ||||
Iron Mountain, Inc.(a) | 10,602 | 466,170 | ||||
Kimco Realty Corp. | 21,400 | 393,974 | ||||
Klepierre SA (France)* | 5,456 | 94,854 | ||||
Mid-America Apartment Communities, Inc. | 4,200 | 651,294 | ||||
Prologis, Inc. | 26,177 | 2,659,583 | ||||
Public Storage | 5,520 | 1,616,311 | ||||
Realty Income Corp.(a) | 21,900 | 1,274,580 | ||||
Regency Centers Corp. | 5,600 | 301,560 | ||||
SBA Communications Corp. | 3,800 | 1,081,670 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Equity Real Estate Investment Trusts (REITs) (cont’d.) | ||||||
Scentre Group (Australia) | 11,818 | $19,309 | ||||
Simon Property Group, Inc. | 11,693 | 1,049,447 | ||||
Stockland (Australia) | 17,469 | 36,559 | ||||
UDR, Inc. | 10,300 | 429,613 | ||||
Ventas, Inc. | 13,868 | 557,078 | ||||
VICI Properties, Inc.(a) | 34,100 | 1,017,885 | ||||
Vicinity Centres (Australia) | 8,550 | 9,533 | ||||
Vornado Realty Trust | 6,125 | 141,855 | ||||
Warehouses De Pauw CVA (Belgium) | 323 | 7,933 | ||||
Welltower, Inc.(a) | 16,100 | 1,035,552 | ||||
Weyerhaeuser Co. | 26,018 | 743,074 | ||||
29,470,204 | ||||||
Food & Staples Retailing — 0.8% | ||||||
Carrefour SA (France) | 1,080 | 14,979 | ||||
Coles Group Ltd. (Australia) | 2,544 | 26,820 | ||||
Costco Wholesale Corp. | 15,720 | 7,424,084 | ||||
J Sainsbury PLC (United Kingdom) | 3,717 | 7,198 | ||||
Jeronimo Martins SGPS SA (Portugal) | 496 | 9,237 | ||||
Kesko OYJ (Finland) (Class B Stock) | 2,192 | 40,896 | ||||
Koninklijke Ahold Delhaize NV (Netherlands) | 9,594 | 244,373 | ||||
Kroger Co. (The) | 23,492 | 1,027,775 | ||||
Sysco Corp. | 18,100 | 1,279,851 | ||||
Tesco PLC (United Kingdom) | 12,894 | 29,593 | ||||
Walgreens Boots Alliance, Inc. | 25,000 | 785,000 | ||||
Walmart, Inc. | 50,700 | 6,575,790 | ||||
Woolworths Group Ltd. (Australia) | 3,373 | 73,298 | ||||
17,538,894 | ||||||
Food Products — 0.6% | ||||||
Archer-Daniels-Midland Co. | 19,926 | 1,603,047 | ||||
Campbell Soup Co.(a) | 7,000 | 329,840 | ||||
Conagra Brands, Inc. | 16,700 | 544,921 | ||||
General Mills, Inc. | 21,400 | 1,639,454 | ||||
Hershey Co. (The) | 5,200 | 1,146,444 | ||||
Hormel Foods Corp. | 10,300 | 468,032 | ||||
J.M. Smucker Co. (The) | 3,900 | 535,899 | ||||
Kellogg Co.(a) | 8,900 | 619,974 | ||||
Kraft Heinz Co. (The) | 28,267 | 942,704 | ||||
Lamb Weston Holdings, Inc.(a) | 5,400 | 417,852 | ||||
McCormick & Co., Inc.(a) | 8,740 | 622,900 | ||||
Mondelez International, Inc. (Class A Stock) | 48,953 | 2,684,093 | ||||
Mowi ASA (Norway) | 910 | 11,575 | ||||
Nestle SA | 4,289 | 463,887 | ||||
Orkla ASA (Norway) | 22,383 | 162,709 | ||||
Tyson Foods, Inc. (Class A Stock) | 10,200 | 672,486 | ||||
WH Group Ltd. (Hong Kong), 144A | 151,500 | 95,284 | ||||
Wilmar International Ltd. (China) | 74,800 | 198,997 | ||||
13,160,098 | ||||||
Gas Utilities — 0.0% | ||||||
Atmos Energy Corp.(a) | 4,800 | 488,880 | ||||
Osaka Gas Co. Ltd. (Japan) | 800 | 12,061 | ||||
Snam SpA (Italy) | 937 | 3,787 |
A4
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2022 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Gas Utilities (cont’d.) | ||||||
Tokyo Gas Co. Ltd. (Japan) | 900 | $15,193 | ||||
519,921 | ||||||
Health Care Equipment & Supplies — 1.3% | ||||||
Abbott Laboratories | 62,250 | 6,023,310 | ||||
ABIOMED, Inc.* | 1,660 | 407,796 | ||||
Align Technology, Inc.* | 2,640 | 546,770 | ||||
Baxter International, Inc. | 17,900 | 964,094 | ||||
Becton, Dickinson & Co. | 10,110 | 2,252,811 | ||||
Boston Scientific Corp.* | 50,367 | 1,950,714 | ||||
Cooper Cos., Inc. (The) | 1,840 | 485,576 | ||||
DENTSPLY SIRONA, Inc. | 8,000 | 226,800 | ||||
Dexcom, Inc.* | 14,160 | 1,140,446 | ||||
Edwards Lifesciences Corp.* | 22,100 | 1,826,123 | ||||
Hologic, Inc.* | 8,800 | 567,776 | ||||
IDEXX Laboratories, Inc.* | 2,940 | 957,852 | ||||
Intuitive Surgical, Inc.* | 12,760 | 2,391,734 | ||||
Medtronic PLC | 47,490 | 3,834,818 | ||||
Olympus Corp. (Japan) | 2,700 | 51,942 | ||||
ResMed, Inc.(a) | 5,200 | 1,135,160 | ||||
STERIS PLC | 3,650 | 606,922 | ||||
Stryker Corp. | 12,000 | 2,430,480 | ||||
Teleflex, Inc. | 1,800 | 362,628 | ||||
Zimmer Biomet Holdings, Inc. | 7,500 | 784,125 | ||||
28,947,877 | ||||||
Health Care Providers & Services — 1.7% | ||||||
AmerisourceBergen Corp. | 5,400 | 730,782 | ||||
Cardinal Health, Inc. | 9,950 | 663,466 | ||||
Centene Corp.* | 20,650 | 1,606,777 | ||||
Cigna Corp. | 11,200 | 3,107,664 | ||||
CVS Health Corp. | 46,683 | 4,452,158 | ||||
DaVita, Inc.* | 2,300 | 190,371 | ||||
Elevance Health, Inc. | 8,560 | 3,888,294 | ||||
Fresenius SE & Co. KGaA (Germany) | 910 | 19,397 | ||||
HCA Healthcare, Inc. | 7,600 | 1,396,804 | ||||
Henry Schein, Inc.* | 4,800 | 315,696 | ||||
Humana, Inc. | 4,450 | 2,159,095 | ||||
Laboratory Corp. of America Holdings | 3,300 | 675,873 | ||||
McKesson Corp. | 5,330 | 1,811,507 | ||||
Medipal Holdings Corp. (Japan) | 4,800 | 61,043 | ||||
Molina Healthcare, Inc.* | 2,150 | 709,156 | ||||
Quest Diagnostics, Inc.(a) | 4,200 | 515,298 | ||||
Sonic Healthcare Ltd. (Australia) | 9,018 | 175,898 | ||||
UnitedHealth Group, Inc. | 33,240 | 16,787,530 | ||||
Universal Health Services, Inc. (Class B Stock) | 2,600 | 229,268 | ||||
39,496,077 | ||||||
Hotels, Restaurants & Leisure — 0.9% | ||||||
Aristocrat Leisure Ltd. (Australia) | 5,056 | 106,614 | ||||
Booking Holdings, Inc.* | 1,410 | 2,316,926 | ||||
Caesars Entertainment, Inc.* | 7,400 | 238,724 | ||||
Carnival Corp.*(a) | 33,400 | 234,802 | ||||
Chipotle Mexican Grill, Inc.* | 1,000 | 1,502,760 | ||||
Compass Group PLC (United Kingdom) | 9,455 | 188,272 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Hotels, Restaurants & Leisure (cont’d.) | ||||||
Darden Restaurants, Inc.(a) | 4,450 | $562,124 | ||||
Domino’s Pizza, Inc. | 1,360 | 421,872 | ||||
Evolution AB (Sweden), 144A | 890 | 70,352 | ||||
Expedia Group, Inc.* | 5,250 | 491,873 | ||||
Hilton Worldwide Holdings, Inc. | 9,700 | 1,170,014 | ||||
InterContinental Hotels Group PLC (United Kingdom) | 411 | 19,795 | ||||
La Francaise des Jeux SAEM (France), 144A | 4,835 | 143,425 | ||||
Las Vegas Sands Corp.*(a) | 11,650 | 437,108 | ||||
Marriott International, Inc. (Class A Stock) | 9,828 | 1,377,296 | ||||
McDonald’s Corp. | 26,500 | 6,114,610 | ||||
MGM Resorts International | 11,600 | 344,752 | ||||
Norwegian Cruise Line Holdings Ltd.*(a) | 13,800 | 156,768 | ||||
Oriental Land Co. Ltd. (Japan) | 800 | 108,503 | ||||
Royal Caribbean Cruises Ltd.*(a) | 7,800 | 295,620 | ||||
Sodexo SA (France) | 184 | 13,818 | ||||
Starbucks Corp. | 40,600 | 3,420,956 | ||||
Whitbread PLC (United Kingdom) | 456 | 11,559 | ||||
Wynn Resorts Ltd.*(a) | 3,900 | 245,817 | ||||
Yum! Brands, Inc. | 10,200 | 1,084,668 | ||||
21,079,028 | ||||||
Household Durables — 0.1% | ||||||
Barratt Developments PLC (United Kingdom) | 2,156 | 8,148 | ||||
Berkeley Group Holdings PLC (United Kingdom) | 253 | 9,243 | ||||
D.R. Horton, Inc.(a) | 11,300 | 761,055 | ||||
Garmin Ltd. | 5,300 | 425,643 | ||||
Lennar Corp. (Class A Stock) | 9,400 | 700,770 | ||||
Mohawk Industries, Inc.* | 1,940 | 176,909 | ||||
Newell Brands, Inc.(a) | 13,814 | 191,877 | ||||
NVR, Inc.* | 110 | 438,579 | ||||
PulteGroup, Inc. | 8,222 | 308,325 | ||||
Sekisui House Ltd. (Japan) | 1,400 | 23,187 | ||||
Sony Group Corp. (Japan) | 400 | 25,766 | ||||
Taylor Wimpey PLC (United Kingdom) | 7,960 | 7,751 | ||||
Whirlpool Corp.(a) | 2,126 | 286,606 | ||||
3,363,859 | ||||||
Household Products — 0.7% | ||||||
Church & Dwight Co., Inc. | 8,500 | 607,240 | ||||
Clorox Co. (The) | 4,200 | 539,238 | ||||
Colgate-Palmolive Co. | 29,800 | 2,093,450 | ||||
Essity AB (Sweden) (Class B Stock) | 1,311 | 25,901 | ||||
Henkel AG & Co. KGaA (Germany) | 198 | 11,222 | ||||
Kimberly-Clark Corp. | 12,500 | 1,406,750 | ||||
Procter & Gamble Co. (The) | 84,925 | 10,721,781 | ||||
Reckitt Benckiser Group PLC (United Kingdom) | 3,660 | 242,590 | ||||
15,648,172 | ||||||
Independent Power & Renewable Electricity Producers — 0.0% | ||||||
AES Corp. (The) | 24,400 | 551,440 |
A5
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2022 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Independent Power & Renewable Electricity Producers (cont’d.) | ||||||
Meridian Energy Ltd. (New Zealand) | 2,880 | $7,728 | ||||
559,168 | ||||||
Industrial Conglomerates — 0.4% | ||||||
3M Co. | 19,780 | 2,185,690 | ||||
CK Hutchison Holdings Ltd. (United Kingdom) | 6,000 | 33,037 | ||||
DCC PLC (United Kingdom) | 220 | 11,425 | ||||
General Electric Co. | 39,078 | 2,419,319 | ||||
Honeywell International, Inc. | 23,912 | 3,992,587 | ||||
Jardine Matheson Holdings Ltd. (Hong Kong) | 4,100 | 207,288 | ||||
Smiths Group PLC (United Kingdom) | 8,533 | 142,134 | ||||
8,991,480 | ||||||
Insurance — 1.1% | ||||||
Aflac, Inc. | 21,100 | 1,185,820 | ||||
Ageas SA/NV (Belgium) | 364 | 13,276 | ||||
AIA Group Ltd. (Hong Kong) | 5,800 | 48,290 | ||||
Allstate Corp. (The) | 9,600 | 1,195,488 | ||||
American International Group, Inc. | 27,039 | 1,283,812 | ||||
Aon PLC (Class A Stock) | 7,600 | 2,035,812 | ||||
Arthur J. Gallagher & Co. | 7,400 | 1,267,028 | ||||
Assurant, Inc. | 2,000 | 290,540 | ||||
AXA SA (France) | 11,788 | 257,366 | ||||
Brown & Brown, Inc. | 8,500 | 514,080 | ||||
Chubb Ltd. | 15,186 | 2,762,030 | ||||
Cincinnati Financial Corp. | 5,637 | 504,906 | ||||
Dai-ichi Life Holdings, Inc. (Japan) | 12,800 | 203,524 | ||||
Everest Re Group Ltd. | 1,540 | 404,158 | ||||
Gjensidige Forsikring ASA (Norway) | 448 | 7,687 | ||||
Globe Life, Inc. | 3,425 | 341,472 | ||||
Hartford Financial Services Group, Inc. (The) | 11,800 | 730,892 | ||||
Japan Post Holdings Co. Ltd. (Japan) | 5,400 | 35,776 | ||||
Japan Post Insurance Co. Ltd. (Japan) | 12,200 | 170,874 | ||||
Legal & General Group PLC (United Kingdom) | 13,334 | 31,828 | ||||
Lincoln National Corp. | 5,518 | 242,295 | ||||
Loews Corp. | 6,975 | 347,634 | ||||
Marsh & McLennan Cos., Inc. | 17,800 | 2,657,362 | ||||
Medibank Private Ltd. (Australia) | 5,560 | 12,428 | ||||
MetLife, Inc. | 24,350 | 1,479,993 | ||||
MS&AD Insurance Group Holdings, Inc. (Japan) | 2,300 | 60,910 | ||||
NN Group NV (Netherlands) | 4,860 | 189,025 | ||||
Poste Italiane SpA (Italy), 144A | 1,142 | 8,628 | ||||
Principal Financial Group, Inc.(a) | 8,500 | 613,275 | ||||
Progressive Corp. (The) | 20,900 | 2,428,789 | ||||
Sampo OYJ (Finland) (Class A Stock) | 1,390 | 59,341 | ||||
Sompo Holdings, Inc. (Japan) | 4,700 | 188,053 | ||||
Suncorp Group Ltd. (Australia) | 2,781 | 17,946 | ||||
Tokio Marine Holdings, Inc. (Japan) | 2,800 | 49,765 | ||||
Travelers Cos., Inc. (The) | 8,535 | 1,307,562 | ||||
W.R. Berkley Corp. | 7,200 | 464,976 | ||||
Willis Towers Watson PLC(a) | 3,940 | 791,704 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Insurance (cont’d.) | ||||||
Zurich Insurance Group AG (Switzerland) | 330 | $131,555 | ||||
24,335,900 | ||||||
Interactive Media & Services — 2.3% | ||||||
Alphabet, Inc. (Class A Stock)* | 213,000 | 20,373,450 | ||||
Alphabet, Inc. (Class C Stock)* | 190,560 | 18,322,344 | ||||
Match Group, Inc.* | 10,200 | 487,050 | ||||
Meta Platforms, Inc. (Class A Stock)* | 81,030 | 10,994,150 | ||||
Twitter, Inc.* | 23,900 | 1,047,776 | ||||
51,224,770 | ||||||
Internet & Direct Marketing Retail — 1.6% | ||||||
Amazon.com, Inc.* | 315,100 | 35,606,300 | ||||
eBay, Inc. | 19,800 | 728,838 | ||||
Etsy, Inc.* | 4,400 | 440,572 | ||||
36,775,710 | ||||||
IT Services — 2.1% | ||||||
Accenture PLC (Class A Stock) | 22,500 | 5,789,250 | ||||
Akamai Technologies, Inc.*(a) | 5,600 | 449,792 | ||||
Automatic Data Processing, Inc. | 14,800 | 3,347,612 | ||||
Broadridge Financial Solutions, Inc. | 4,200 | 606,144 | ||||
Capgemini SE (France) | 938 | 150,174 | ||||
Cognizant Technology Solutions Corp. (Class A Stock) | 18,200 | 1,045,408 | ||||
Computershare Ltd. (Australia) | 12,943 | 206,442 | ||||
DXC Technology Co.* | 9,028 | 221,005 | ||||
Edenred (France) | 198 | 9,122 | ||||
EPAM Systems, Inc.* | 2,140 | 775,087 | ||||
Fidelity National Information Services, Inc. | 21,500 | 1,624,755 | ||||
Fiserv, Inc.* | 22,700 | 2,124,039 | ||||
FleetCor Technologies, Inc.* | 2,700 | 475,659 | ||||
Gartner, Inc.* | 2,800 | 774,732 | ||||
Global Payments, Inc. | 10,077 | 1,088,820 | ||||
International Business Machines Corp. | 32,100 | 3,813,801 | ||||
Jack Henry & Associates, Inc. | 2,700 | 492,129 | ||||
Mastercard, Inc. (Class A Stock) | 30,450 | 8,658,153 | ||||
NEC Corp. (Japan) | 600 | 19,212 | ||||
Nomura Research Institute Ltd. (Japan) | 800 | 19,539 | ||||
NTT Data Corp. (Japan) | 14,000 | 180,839 | ||||
Obic Co. Ltd. (Japan) | 200 | 26,819 | ||||
Otsuka Corp. (Japan) | 300 | 9,356 | ||||
Paychex, Inc. | 11,400 | 1,279,194 | ||||
PayPal Holdings, Inc.* | 41,200 | 3,546,084 | ||||
TIS, Inc. (Japan) | 500 | 13,275 | ||||
VeriSign, Inc.* | 3,300 | 573,210 | ||||
Visa, Inc. (Class A Stock)(a) | 58,300 | 10,356,995 | ||||
47,676,647 | ||||||
Leisure Products — 0.0% | ||||||
Bandai Namco Holdings, Inc. (Japan) | 2,400 | 156,404 | ||||
Hasbro, Inc.(a) | 4,700 | 316,874 | ||||
Shimano, Inc. (Japan) | 200 | 31,293 | ||||
504,571 |
A6
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2022 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Life Sciences Tools & Services — 0.9% | ||||||
Agilent Technologies, Inc. | 10,514 | $1,277,977 | ||||
Bio-Rad Laboratories, Inc. (Class A Stock)* | 740 | 308,683 | ||||
Bio-Techne Corp. | 1,400 | 397,600 | ||||
Charles River Laboratories International, Inc.* | 1,760 | 346,368 | ||||
Danaher Corp. | 23,300 | 6,018,157 | ||||
Eurofins Scientific SE (Luxembourg) | 269 | 15,969 | ||||
Illumina, Inc.* | 5,600 | 1,068,424 | ||||
IQVIA Holdings, Inc.* | 6,600 | 1,195,524 | ||||
Mettler-Toledo International, Inc.* | 800 | 867,296 | ||||
PerkinElmer, Inc. | 4,600 | 553,518 | ||||
Thermo Fisher Scientific, Inc. | 13,900 | 7,049,941 | ||||
Waters Corp.* | 2,200 | 592,966 | ||||
West Pharmaceutical Services, Inc. | 2,700 | 664,416 | ||||
20,356,839 | ||||||
Machinery — 0.8% | ||||||
Alfa Laval AB (Sweden) | 630 | 15,622 | ||||
Atlas Copco AB (Sweden) (Class A Stock) | 5,472 | 50,859 | ||||
Atlas Copco AB (Sweden) (Class B Stock) | 3,016 | 25,000 | ||||
Caterpillar, Inc. | 18,900 | 3,101,112 | ||||
Cummins, Inc. | 5,100 | 1,037,901 | ||||
Daimler Truck Holding AG (Germany)* | 968 | 21,884 | ||||
Deere & Co. | 9,940 | 3,318,867 | ||||
Dover Corp. | 5,000 | 582,900 | ||||
Epiroc AB (Sweden) (Class A Stock) | 1,392 | 19,913 | ||||
Epiroc AB (Sweden) (Class B Stock) | 784 | 9,886 | ||||
FANUC Corp. (Japan) | 500 | 70,207 | ||||
Fortive Corp. | 12,450 | 725,835 | ||||
GEA Group AG (Germany) | 323 | 10,453 | ||||
Hitachi Construction Machinery Co. Ltd. (Japan) | 8,800 | 163,546 | ||||
IDEX Corp. | 2,710 | 541,593 | ||||
Illinois Tool Works, Inc.(a) | 10,100 | 1,824,565 | ||||
Indutrade AB (Sweden) | 580 | 9,408 | ||||
Ingersoll Rand, Inc. | 14,100 | 609,966 | ||||
Komatsu Ltd. (Japan) | 2,000 | 36,417 | ||||
MINEBEA MITSUMI, Inc. (Japan) | 900 | 13,314 | ||||
MISUMI Group, Inc. (Japan) | 700 | 15,073 | ||||
NGK Insulators Ltd. (Japan) | 6,100 | 75,925 | ||||
Nordson Corp. | 1,900 | 403,313 | ||||
Otis Worldwide Corp. | 15,101 | 963,444 | ||||
PACCAR, Inc. | 12,143 | 1,016,248 | ||||
Parker-Hannifin Corp. | 4,665 | 1,130,376 | ||||
Pentair PLC | 5,977 | 242,845 | ||||
Schindler Holding AG (Switzerland) | 71 | 10,698 | ||||
SMC Corp. (Japan) | 500 | 203,485 | ||||
Snap-on, Inc. | 1,900 | 382,565 | ||||
Spirax-Sarco Engineering PLC (United Kingdom) | 160 | 18,392 | ||||
Stanley Black & Decker, Inc. | 5,447 | 409,669 | ||||
VAT Group AG (Switzerland), 144A | 58 | 11,770 | ||||
Volvo AB (Sweden) (Class A Stock) | 442 | 6,541 | ||||
Volvo AB (Sweden) (Class B Stock) | 2,970 | 42,028 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Machinery (cont’d.) | ||||||
Westinghouse Air Brake Technologies Corp. | 6,451 | $524,789 | ||||
Xylem, Inc. | 6,200 | 541,632 | ||||
18,188,041 | ||||||
Marine — 0.0% | ||||||
AP Moller - Maersk A/S (Denmark) (Class A Stock) | 6 | 10,600 | ||||
AP Moller - Maersk A/S (Denmark) (Class B Stock) | 86 | 156,282 | ||||
Kuehne + Nagel International AG (Switzerland) | 774 | 157,611 | ||||
Mitsui OSK Lines Ltd. (Japan) | 800 | 14,314 | ||||
Nippon Yusen KK (Japan) | 1,200 | 20,369 | ||||
SITC International Holdings Co. Ltd. (China) | 47,000 | 86,195 | ||||
ZIM Integrated Shipping Services Ltd. (Israel)(a) | 1,600 | 37,600 | ||||
482,971 | ||||||
Media — 0.4% | ||||||
Charter Communications, Inc. (Class A Stock)*(a) | 4,060 | 1,231,601 | ||||
Comcast Corp. (Class A Stock) | 156,580 | 4,592,491 | ||||
Dentsu Group, Inc. (Japan) | 500 | 14,214 | ||||
DISH Network Corp. (Class A Stock)*(a) | 9,017 | 124,705 | ||||
Fox Corp. (Class A Stock) | 11,100 | 340,548 | ||||
Fox Corp. (Class B Stock) | 5,733 | 163,391 | ||||
Informa PLC (United Kingdom) | 3,268 | 18,680 | ||||
Interpublic Group of Cos., Inc. (The) | 13,631 | 348,954 | ||||
News Corp. (Class A Stock) | 13,675 | 206,629 | ||||
News Corp. (Class B Stock) | 4,800 | 74,016 | ||||
Omnicom Group, Inc.(a) | 7,300 | 460,557 | ||||
Paramount Global (Class B Stock)(a) | 17,930 | 341,387 | ||||
Publicis Groupe SA (France) | 4,102 | 194,364 | ||||
WPP PLC (United Kingdom) | 19,618 | 161,950 | ||||
8,273,487 | ||||||
Metals & Mining — 0.2% | ||||||
ArcelorMittal SA (Luxembourg) | 8,083 | 160,838 | ||||
BHP Group Ltd. (Australia) | 11,141 | 276,944 | ||||
BlueScope Steel Ltd. (Australia) | 17,094 | 166,011 | ||||
Fortescue Metals Group Ltd. (Australia) | 18,238 | 195,791 | ||||
Freeport-McMoRan, Inc. | 51,788 | 1,415,366 | ||||
Glencore PLC (Australia) | 20,720 | 108,884 | ||||
Newmont Corp. | 28,200 | 1,185,246 | ||||
Nippon Steel Corp. (Japan) | 1,800 | 24,981 | ||||
Norsk Hydro ASA (Norway) | 2,850 | 15,293 | ||||
Nucor Corp. | 9,500 | 1,016,405 | ||||
Rio Tinto Ltd. (Australia) | 705 | 42,647 | ||||
Rio Tinto PLC (Australia) | 2,466 | 133,425 | ||||
South32 Ltd. (Australia) | 10,304 | 24,461 | ||||
Sumitomo Metal Mining Co. Ltd. (Japan) | 600 | 17,194 | ||||
voestalpine AG (Austria) | 240 | 4,066 | ||||
4,787,552 |
A7
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2022 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Multiline Retail — 0.2% | ||||||
Dollar General Corp. | 8,100 | $1,942,866 | ||||
Dollar Tree, Inc.* | 7,465 | 1,015,986 | ||||
Next PLC (United Kingdom) | 276 | 14,649 | ||||
Target Corp. | 16,360 | 2,427,660 | ||||
Wesfarmers Ltd. (Australia) | 2,430 | 66,433 | ||||
5,467,594 | ||||||
Multi-Utilities — 0.5% | ||||||
Ameren Corp. | 8,900 | 716,895 | ||||
CenterPoint Energy, Inc. | 21,800 | 614,324 | ||||
CMS Energy Corp. | 10,000 | 582,400 | ||||
Consolidated Edison, Inc. | 12,300 | 1,054,848 | ||||
Dominion Energy, Inc. | 29,615 | 2,046,693 | ||||
DTE Energy Co. | 6,700 | 770,835 | ||||
E.ON SE (Germany) | 21,647 | 166,309 | ||||
Engie SA (France) | 16,970 | 195,323 | ||||
NiSource, Inc. | 13,600 | 342,584 | ||||
Public Service Enterprise Group, Inc. | 17,600 | 989,648 | ||||
Sempra Energy | 11,319 | 1,697,171 | ||||
WEC Energy Group, Inc. | 11,213 | 1,002,778 | ||||
10,179,808 | ||||||
Oil, Gas & Consumable Fuels — 2.1% | ||||||
APA Corp. | 11,614 | 397,083 | ||||
BP PLC (United Kingdom) | 41,816 | 199,813 | ||||
Chevron Corp. | 64,022 | 9,198,041 | ||||
ConocoPhillips | 45,219 | 4,627,712 | ||||
Coterra Energy, Inc. | 28,300 | 739,196 | ||||
Devon Energy Corp.(a) | 23,300 | 1,401,029 | ||||
Diamondback Energy, Inc. | 6,300 | 758,898 | ||||
Eni SpA (Italy) | 20,653 | 219,515 | ||||
EOG Resources, Inc. | 20,700 | 2,312,811 | ||||
EQT Corp. | 12,500 | 509,375 | ||||
Equinor ASA (Norway) | 7,504 | 247,472 | ||||
Exxon Mobil Corp. | 148,099 | 12,930,524 | ||||
Hess Corp. | 9,900 | 1,079,001 | ||||
Inpex Corp. (Japan) | 20,900 | 194,936 | ||||
Kinder Morgan, Inc.(a) | 70,398 | 1,171,423 | ||||
Marathon Oil Corp. | 25,082 | 566,352 | ||||
Marathon Petroleum Corp. | 17,719 | 1,760,028 | ||||
Occidental Petroleum Corp. | 26,504 | 1,628,671 | ||||
ONEOK, Inc. | 15,500 | 794,220 | ||||
Phillips 66 | 17,038 | 1,375,307 | ||||
Pioneer Natural Resources Co.(a) | 8,450 | 1,829,678 | ||||
Repsol SA (Spain) | 1,785 | 20,510 | ||||
Shell PLC (Netherlands) | 16,748 | 415,483 | ||||
TotalEnergies SE (France) | 5,455 | 255,919 | ||||
Valero Energy Corp. | 14,000 | 1,495,900 | ||||
Williams Cos., Inc. (The) | 43,100 | 1,233,953 | ||||
47,362,850 | ||||||
Paper & Forest Products — 0.0% | ||||||
Stora Enso OYJ (Finland) (Class R Stock) | 1,224 | 15,549 | ||||
Personal Products — 0.1% | ||||||
Estee Lauder Cos., Inc. (The) (Class A Stock) | 8,200 | 1,770,380 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Personal Products (cont’d.) | ||||||
Haleon PLC (United Kingdom)* | 12,233 | $38,142 | ||||
L’Oreal SA (France) | 602 | 192,485 | ||||
Unilever PLC (United Kingdom) | 9,174 | 403,104 | ||||
2,404,111 | ||||||
Pharmaceuticals — 2.3% | ||||||
Astellas Pharma, Inc. (Japan) | 4,000 | 52,989 | ||||
AstraZeneca PLC (United Kingdom) | 1,676 | 184,242 | ||||
Bayer AG (Germany) | 3,272 | 150,756 | ||||
Bristol-Myers Squibb Co. | 75,870 | 5,393,598 | ||||
Catalent, Inc.*(a) | 6,300 | 455,868 | ||||
Chugai Pharmaceutical Co. Ltd. (Japan) | 1,400 | 34,976 | ||||
Eli Lilly & Co. | 28,000 | 9,053,800 | ||||
GSK PLC | 19,993 | 288,753 | ||||
Ipsen SA (France) | 2,201 | 203,703 | ||||
Johnson & Johnson | 93,458 | 15,267,299 | ||||
Kyowa Kirin Co. Ltd. (Japan) | 600 | 13,795 | ||||
Merck & Co., Inc. | 90,033 | 7,753,642 | ||||
Merck KGaA (Germany) | 438 | 70,904 | ||||
Novartis AG (Switzerland) | 7,176 | 547,077 | ||||
Novo Nordisk A/S (Denmark) (Class B Stock) | 3,549 | 353,544 | ||||
Ono Pharmaceutical Co. Ltd. (Japan) | 800 | 18,687 | ||||
Organon & Co. | 8,753 | 204,820 | ||||
Orion OYJ (Finland) (Class B Stock) | 240 | 10,106 | ||||
Pfizer, Inc. | 199,470 | 8,728,807 | ||||
Roche Holding AG | 2,027 | 659,855 | ||||
Sanofi (France) | 4,812 | 366,417 | ||||
Shionogi & Co. Ltd. (Japan) | 600 | 28,976 | ||||
Takeda Pharmaceutical Co. Ltd. (Japan) | 3,300 | 85,694 | ||||
Viatris, Inc. | 41,986 | 357,721 | ||||
Zoetis, Inc. | 16,700 | 2,476,443 | ||||
52,762,472 | ||||||
Professional Services — 0.2% | ||||||
CoStar Group, Inc.* | 14,100 | 982,065 | ||||
Equifax, Inc. | 4,400 | 754,292 | ||||
Jacobs Solutions, Inc. | 4,500 | 488,205 | ||||
Leidos Holdings, Inc. | 4,900 | 428,603 | ||||
Nielsen Holdings PLC | 13,200 | 365,904 | ||||
Randstad NV (Netherlands) | 272 | 11,740 | ||||
RELX PLC (United Kingdom) | 4,200 | 102,630 | ||||
Robert Half International, Inc. | 3,800 | 290,700 | ||||
Verisk Analytics, Inc. | 5,700 | 972,021 | ||||
Wolters Kluwer NV (Netherlands) | 1,857 | 180,823 | ||||
4,576,983 | ||||||
Real Estate Management & Development — 0.0% | ||||||
Aroundtown SA (Germany) | 2,214 | 4,848 | ||||
Capitaland Investment Ltd. (Singapore) | 5,800 | 13,954 | ||||
CBRE Group, Inc. (Class A Stock)* | 11,600 | 783,116 | ||||
CK Asset Holdings Ltd. (Hong Kong) | 4,500 | 27,015 | ||||
Daito Trust Construction Co. Ltd. (Japan) | 200 | 18,708 |
A8
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2022 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Real Estate Management & Development (cont’d.) | ||||||
New World Development Co. Ltd. (Hong Kong) | 4,000 | $11,360 | ||||
Sino Land Co. Ltd. (Hong Kong) | 8,000 | 10,523 | ||||
Wharf Real Estate Investment Co. Ltd. (Hong Kong) | 4,000 | 18,134 | ||||
887,658 | ||||||
Road & Rail — 0.4% | ||||||
CSX Corp. | 77,000 | 2,051,280 | ||||
J.B. Hunt Transport Services, Inc. | 3,000 | 469,260 | ||||
Norfolk Southern Corp. | 8,400 | 1,761,060 | ||||
Old Dominion Freight Line, Inc. | 3,365 | 837,111 | ||||
Union Pacific Corp. | 22,160 | 4,317,211 | ||||
9,435,922 | ||||||
Semiconductors & Semiconductor Equipment — 2.3% | ||||||
Advanced Micro Devices, Inc.* | 57,199 | 3,624,129 | ||||
Advantest Corp. (Japan) | 500 | 23,090 | ||||
Analog Devices, Inc. | 18,547 | 2,584,339 | ||||
Applied Materials, Inc. | 30,900 | 2,531,637 | ||||
ASML Holding NV (Netherlands) | 516 | 213,768 | ||||
Broadcom, Inc. | 14,360 | 6,375,984 | ||||
Enphase Energy, Inc.* | 4,900 | 1,359,603 | ||||
Infineon Technologies AG (Germany) | 2,816 | 61,625 | ||||
Intel Corp. | 145,900 | 3,759,843 | ||||
KLA Corp. | 5,050 | 1,528,282 | ||||
Lam Research Corp. | 4,890 | 1,789,740 | ||||
Microchip Technology, Inc. | 19,300 | 1,177,879 | ||||
Micron Technology, Inc. | 39,400 | 1,973,940 | ||||
Monolithic Power Systems, Inc. | 1,600 | 581,440 | ||||
NVIDIA Corp. | 88,960 | 10,798,854 | ||||
NXP Semiconductors NV (China) | 9,400 | 1,386,594 | ||||
ON Semiconductor Corp.* | 15,400 | 959,882 | ||||
Qorvo, Inc.*(a) | 3,607 | 286,432 | ||||
QUALCOMM, Inc. | 39,800 | 4,496,604 | ||||
Rohm Co. Ltd. (Japan) | 1,200 | 78,643 | ||||
Skyworks Solutions, Inc. | 5,700 | 486,039 | ||||
SolarEdge Technologies, Inc.* | 2,000 | 462,920 | ||||
STMicroelectronics NV (Singapore) | 1,466 | 45,559 | ||||
SUMCO Corp. (Japan) | 800 | 9,321 | ||||
Teradyne, Inc. | 5,600 | 420,840 | ||||
Texas Instruments, Inc. | 32,500 | 5,030,350 | ||||
52,047,337 | ||||||
Software — 4.1% | ||||||
Adobe, Inc.* | 16,680 | 4,590,336 | ||||
ANSYS, Inc.* | 3,200 | 709,440 | ||||
Autodesk, Inc.* | 7,800 | 1,457,040 | ||||
Cadence Design Systems, Inc.* | 9,800 | 1,601,614 | ||||
Ceridian HCM Holding, Inc.*(a) | 5,550 | 310,134 | ||||
Citrix Systems, Inc. | 4,300 | 447,200 | ||||
Dassault Systemes SE (France) | 6,438 | 222,272 | ||||
Fortinet, Inc.* | 23,500 | 1,154,555 | ||||
Intuit, Inc. | 9,980 | 3,865,454 | ||||
Microsoft Corp. | 265,120 | 61,746,448 | ||||
Nice Ltd. (Israel)* | 134 | 25,215 | ||||
NortonLifeLock, Inc. | 20,878 | 420,483 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Software (cont’d.) | ||||||
Oracle Corp. | 53,950 | $3,294,727 | ||||
Paycom Software, Inc.* | 1,720 | 567,583 | ||||
PTC, Inc.* | 3,600 | 376,560 | ||||
Roper Technologies, Inc. | 3,780 | 1,359,439 | ||||
Salesforce, Inc.* | 35,350 | 5,084,744 | ||||
SAP SE (Germany) | 237 | 19,314 | ||||
ServiceNow, Inc.* | 7,050 | 2,662,151 | ||||
Synopsys, Inc.* | 5,500 | 1,680,305 | ||||
Tyler Technologies, Inc.* | 1,510 | 524,725 | ||||
WiseTech Global Ltd. (Australia) | 320 | 10,455 | ||||
92,130,194 | ||||||
Specialty Retail — 1.1% | ||||||
Advance Auto Parts, Inc. | 2,100 | 328,314 | ||||
AutoZone, Inc.* | 700 | 1,499,351 | ||||
Bath & Body Works, Inc. | 8,106 | 264,256 | ||||
Best Buy Co., Inc.(a) | 7,375 | 467,132 | ||||
CarMax, Inc.*(a) | 5,600 | 369,712 | ||||
Chow Tai Fook Jewellery Group Ltd. (China) | 7,000 | 13,156 | ||||
Fast Retailing Co. Ltd. (Japan) | 200 | 105,989 | ||||
Home Depot, Inc. (The) | 36,550 | 10,085,607 | ||||
Industria de Diseno Textil SA (Spain) | 10,125 | 208,946 | ||||
JD Sports Fashion PLC (United Kingdom) | 140,528 | 154,817 | ||||
Lowe’s Cos., Inc. | 22,700 | 4,263,287 | ||||
O’Reilly Automotive, Inc.* | 2,330 | 1,638,805 | ||||
Ross Stores, Inc. | 12,300 | 1,036,521 | ||||
TJX Cos., Inc. (The) | 41,800 | 2,596,616 | ||||
Tractor Supply Co. | 3,900 | 724,932 | ||||
Ulta Beauty, Inc.* | 1,900 | 762,261 | ||||
USS Co. Ltd. (Japan) | 500 | 7,722 | ||||
24,527,424 | ||||||
Technology Hardware, Storage & Peripherals — 3.4% | ||||||
Apple, Inc. | 537,040 | 74,218,928 | ||||
Brother Industries Ltd. (Japan) | 6,600 | 114,025 | ||||
Hewlett Packard Enterprise Co. | 45,448 | 544,467 | ||||
HP, Inc. | 32,348 | 806,112 | ||||
NetApp, Inc. | 7,700 | 476,245 | ||||
Seagate Technology Holdings PLC(a) | 7,100 | 377,933 | ||||
Seiko Epson Corp. (Japan) | 7,500 | 102,409 | ||||
Western Digital Corp.* | 11,303 | 367,913 | ||||
77,008,032 | ||||||
Textiles, Apparel & Luxury Goods — 0.2% | ||||||
Burberry Group PLC (United Kingdom) | 874 | 17,459 | ||||
Cie Financiere Richemont SA (Switzerland) (Class A Stock) | 2,137 | 201,723 | ||||
Hermes International (France) | 67 | 78,800 | ||||
LVMH Moet Hennessy Louis Vuitton SE (France) | 594 | 350,207 | ||||
Moncler SpA (Italy) | 444 | 18,126 | ||||
NIKE, Inc. (Class B Stock) | 45,000 | 3,740,400 | ||||
Ralph Lauren Corp.(a) | 1,800 | 152,874 | ||||
Swatch Group AG (The) (Switzerland) | 77 | 3,226 | ||||
Tapestry, Inc. | 9,500 | 270,085 |
A9
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2022 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Textiles, Apparel & Luxury Goods (cont’d.) | ||||||
VF Corp.(a) | 11,300 | $337,983 | ||||
5,170,883 | ||||||
Tobacco — 0.3% | ||||||
Altria Group, Inc. | 63,900 | 2,580,282 | ||||
British American Tobacco PLC (United Kingdom) | 9,851 | 353,233 | ||||
Imperial Brands PLC (United Kingdom) | 1,916 | 39,398 | ||||
Japan Tobacco, Inc. (Japan) | 12,200 | 200,480 | ||||
Philip Morris International, Inc. | 55,000 | 4,565,550 | ||||
7,738,943 | ||||||
Trading Companies & Distributors — 0.2% | ||||||
Brenntag SE (Germany) | 2,571 | 155,422 | ||||
Bunzl PLC (United Kingdom) | 700 | 21,387 | ||||
Fastenal Co. | 20,000 | 920,800 | ||||
IMCD NV (Netherlands) | 120 | 14,227 | ||||
Marubeni Corp. (Japan) | 22,800 | 198,941 | ||||
Mitsubishi Corp. (Japan) | 6,100 | 166,836 | ||||
Mitsui & Co. Ltd. (Japan) | 11,400 | 242,590 | ||||
Sumitomo Corp. (Japan) | 14,100 | 174,197 | ||||
United Rentals, Inc.* | 2,600 | 702,312 | ||||
W.W. Grainger, Inc.(a) | 1,600 | 782,704 | ||||
3,379,416 | ||||||
Water Utilities — 0.0% | ||||||
American Water Works Co., Inc. | 6,500 | 846,040 | ||||
Wireless Telecommunication Services — 0.1% | ||||||
SoftBank Group Corp. (Japan) | 5,200 | 176,234 | ||||
T-Mobile US, Inc.* | 21,400 | 2,871,238 | ||||
3,047,472 | ||||||
Total Common Stocks (cost $330,106,820) | 1,098,131,127 | |||||
Exchange-Traded Funds — 0.4% | ||||||
iShares Core S&P 500 ETF(a) | 26,100 | 9,360,765 | ||||
iShares MSCI EAFE ETF(a) | 1,759 | 98,522 | ||||
Total Exchange-Traded Funds (cost $8,323,092) | 9,459,287 | |||||
Preferred Stocks — 0.1% | ||||||
Automobiles — 0.0% | ||||||
Bayerische Motoren Werke AG (Germany) (PRFC) | 75 | 4,870 | ||||
Porsche Automobil Holding SE (Germany) (PRFC) | 2,929 | 165,029 | ||||
Volkswagen AG (Germany) (PRFC) | 394 | 48,144 | ||||
218,043 | ||||||
Banks — 0.0% | ||||||
Citigroup Capital XIII, 9.176%(c), 3 Month LIBOR + 6.370%, Maturing 10/30/40 | 20,000 | 558,000 |
Shares | Value | |||||
Preferred Stocks (continued) | ||||||
Capital Markets — 0.1% | ||||||
State Street Corp., 5.350%(c), 3 Month LIBOR + 3.709%, Series G, Maturing 03/15/26(oo) | 30,000 | $733,500 | ||||
Total Preferred Stocks (cost $1,499,178) | 1,509,543 |
Interest Rate | Maturity Date | Principal Amount (000)# | ||||
Asset-Backed Securities — 7.7% | ||||||
Automobiles — 2.1% | ||||||
AmeriCredit Automobile Receivables Trust, | ||||||
Series 2019-02, Class C | ||||||
2.740% | 04/18/25 | 1,400 | 1,387,520 | |||
Series 2019-03, Class C | ||||||
2.320% | 07/18/25 | 2,300 | 2,265,722 | |||
Series 2021-02, Class C | ||||||
1.010% | 01/19/27 | 900 | 820,637 | |||
Series 2021-03, Class C | ||||||
1.410% | 08/18/27 | 900 | 821,709 | |||
Avis Budget Rental Car Funding AESOP LLC, | ||||||
Series 2019-02A, Class A, 144A | ||||||
3.350% | 09/22/25 | 2,000 | 1,921,646 | |||
Series 2019-03A, Class A, 144A | ||||||
2.360% | 03/20/26 | 2,700 | 2,527,768 | |||
Series 2020-01A, Class A, 144A | ||||||
2.330% | 08/20/26 | 1,300 | 1,195,906 | |||
Series 2021-01A, Class A, 144A | ||||||
1.380% | 08/20/27 | 2,400 | 2,066,124 | |||
Series 2021-02A, Class A, 144A | ||||||
1.660% | 02/20/28 | 2,600 | 2,222,288 | |||
Series 2022-01A, Class A, 144A | ||||||
3.830% | 08/21/28 | 2,900 | 2,739,287 | |||
CarMax Auto Owner Trust, | ||||||
Series 2021-02, Class C | ||||||
1.340% | 02/16/27 | 800 | 727,579 | |||
Series 2021-04, Class C | ||||||
1.380% | 07/15/27 | 600 | 543,053 | |||
Ford Credit Auto Owner Trust, | ||||||
Series 2018-01, Class A, 144A | ||||||
3.190% | 07/15/31 | 1,800 | 1,730,420 | |||
Series 2019-01, Class A, 144A | ||||||
3.520% | 07/15/30 | 3,300 | 3,247,338 | |||
Series 2020-01, Class A, 144A | ||||||
2.040% | 08/15/31 | 2,500 | 2,324,642 | |||
Series 2020-02, Class A, 144A | ||||||
1.060% | 04/15/33 | 900 | 797,064 | |||
Series 2021-02, Class B, 144A | ||||||
1.910% | 05/15/34 | 400 | 345,781 | |||
GM Financial Revolving Receivables Trust, | ||||||
Series 2021-01, Class B, 144A | ||||||
1.490% | 06/12/34 | 200 | 170,353 | |||
Hertz Vehicle Financing III LP, | ||||||
Series 2021-02A, Class A, 144A | ||||||
1.680% | 12/27/27 | 1,300 | 1,111,747 |
A10
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Automobiles (cont’d.) | |||||||
Hertz Vehicle Financing LLC, | |||||||
Series 2021-01A, Class A, 144A | |||||||
1.210% | 12/26/25 | 1,500 | $1,372,753 | ||||
Series 2022-02A, Class A, 144A | |||||||
2.330% | 06/26/28 | 3,300 | 2,884,935 | ||||
OneMain Direct Auto Receivables Trust, | |||||||
Series 2019-01A, Class A, 144A | |||||||
3.630% | 09/14/27 | 4,100 | 3,895,011 | ||||
Series 2021-01A, Class B, 144A | |||||||
1.260% | 07/14/28 | 1,800 | 1,601,403 | ||||
Santander Drive Auto Receivables Trust, | |||||||
Series 2020-02, Class C | |||||||
1.460% | 09/15/25 | 302 | 300,324 | ||||
Series 2020-03, Class C | |||||||
1.120% | 01/15/26 | 1,284 | 1,274,858 | ||||
Series 2020-04, Class C | |||||||
1.010% | 01/15/26 | 1,020 | 1,008,513 | ||||
Series 2021-02, Class C | |||||||
0.900% | 06/15/26 | 800 | 779,448 | ||||
Series 2021-02, Class D | |||||||
1.350% | 07/15/27 | 1,700 | 1,601,942 | ||||
Series 2021-03, Class C | |||||||
0.950% | 09/15/27 | 1,400 | 1,352,363 | ||||
Series 2021-04, Class C | |||||||
1.260% | 02/16/27 | 1,900 | 1,815,177 | ||||
Series 2022-01, Class C | |||||||
2.560% | 04/17/28 | 1,100 | 1,040,542 | ||||
World Omni Select Auto Trust, | |||||||
Series 2021-A, Class C | |||||||
1.090% | 11/15/27 | 400 | 366,516 | ||||
48,260,369 | |||||||
Collateralized Loan Obligations — 4.5% | |||||||
Balboa Bay Loan Funding Ltd. (Cayman Islands), | |||||||
Series 2021-01A, Class A, 144A, 3 Month LIBOR + 1.200% (Cap N/A, Floor 1.200%) | |||||||
3.910%(c) | 07/20/34 | 2,500 | 2,397,115 | ||||
Battalion CLO Ltd. (Cayman Islands), | |||||||
Series 2016-10A, Class A1R2, 144A, 3 Month LIBOR + 1.170% (Cap N/A, Floor 1.170%) | |||||||
3.953%(c) | 01/25/35 | 500 | 480,982 | ||||
Benefit Street Partners CLO Ltd. (Cayman Islands), | |||||||
Series 2013-IIA, Class A1R2, 144A, 3 Month LIBOR + 0.870% (Cap N/A, Floor 0.870%) | |||||||
3.382%(c) | 07/15/29 | 624 | 614,848 | ||||
BNPP AM Euro CLO DAC (Ireland), | |||||||
Series 2018-01A, Class AR, 144A, 3 Month EURIBOR + 0.600% (Cap N/A, Floor 0.600%) | |||||||
0.600%(c) | 04/15/31 | EUR | 1,750 | 1,663,324 | |||
Brookside Mill CLO Ltd. (Cayman Islands), | |||||||
Series 2013-01A, Class AR, 144A, 3 Month LIBOR + 0.820% (Cap N/A, Floor 0.000%) | |||||||
3.560%(c) | 01/17/28 | 5 | 5,215 | ||||
Canyon Capital CLO Ltd. (Cayman Islands), | |||||||
Series 2017-01A, Class AR, 144A, 3 Month LIBOR + 1.000% (Cap N/A, Floor 1.000%)(original cost $2,750,000; purchased 08/03/21)(f) | |||||||
3.512%(c) | 07/15/30 | 2,750 | 2,701,458 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Collateralized Loan Obligations (cont’d.) | |||||||
Carlyle Global Market Strategies CLO Ltd. (Cayman Islands), | |||||||
Series 2015-05A, Class A1RR, 144A, 3 Month LIBOR + 1.080% (Cap N/A, Floor 1.080%) | |||||||
3.790%(c) | 01/20/32 | 6,750 | $6,604,292 | ||||
CIFC Funding Ltd. (Cayman Islands), | |||||||
Series 2014-05A, Class A1R2, 144A, 3 Month LIBOR + 1.200% (Cap N/A, Floor 1.200%) | |||||||
3.940%(c) | 10/17/31 | 7,000 | 6,801,034 | ||||
CVC Cordatus Loan Fund DAC (Ireland), | |||||||
Series 14A, Class A1R, 144A, 3 Month EURIBOR + 0.850% (Cap N/A, Floor 0.850%) | |||||||
1.241%(c) | 05/22/32 | EUR | 1,750 | 1,645,903 | |||
Series 14A, Class A2R, 144A | |||||||
1.250% | 05/22/32 | EUR | 3,800 | 3,477,234 | |||
Elevation CLO Ltd. (Cayman Islands), | |||||||
Series 2017-06A, Class A1, 144A, 3 Month LIBOR + 1.280% (Cap N/A, Floor 1.280%) | |||||||
3.792%(c) | 07/15/29 | 435 | 430,140 | ||||
Greenwood Park CLO Ltd. (Cayman Islands), | |||||||
Series 2018-01A, Class A2, 144A, 3 Month LIBOR + 1.010% (Cap N/A, Floor 0.000%) | |||||||
3.522%(c) | 04/15/31 | 1,000 | 973,599 | ||||
HPS Loan Management Ltd. (Cayman Islands), | |||||||
Series 2015-06A, Class A1R, 144A, 3 Month LIBOR + 1.000% (Cap N/A, Floor 0.000%) | |||||||
3.832%(c) | 02/05/31 | 248 | 242,900 | ||||
ICG US CLO Ltd. (Cayman Islands), | |||||||
Series 2015-01A, Class A1R, 144A, 3 Month LIBOR + 1.140% (Cap N/A, Floor 1.140%) | |||||||
3.878%(c) | 10/19/28 | 4,752 | 4,686,129 | ||||
Jamestown CLO Ltd. (Cayman Islands), | |||||||
Series 2019-01A, Class A1, 144A, 3 Month LIBOR + 1.470% (Cap N/A, Floor 1.470%) | |||||||
4.180%(c) | 04/20/32 | 7,500 | 7,374,314 | ||||
Jefferson Mill CLO Ltd. (Cayman Islands), | |||||||
Series 2015-01A, Class AR, 144A, 3 Month LIBOR + 1.175% (Cap N/A, Floor 0.000%) | |||||||
3.885%(c) | 10/20/31 | 4,237 | 4,121,775 | ||||
Madison Park Funding Ltd. (Cayman Islands), | |||||||
Series 2019-33A, Class AR, 144A, 3 Month SOFR + 1.290% (Cap N/A, Floor 1.290%) | |||||||
3.618%(c) | 10/15/32 | 6,000 | 5,811,419 | ||||
MidOcean Credit CLO (Cayman Islands), | |||||||
Series 2014-03A, Class A1R, 144A, 3 Month LIBOR + 1.120% (Cap N/A, Floor 1.120%) | |||||||
3.852%(c) | 04/21/31 | 3,458 | 3,378,761 | ||||
Mountain View CLO Ltd. (Cayman Islands), | |||||||
Series 2015-09A, Class A1R, 144A, 3 Month LIBOR + 1.120% (Cap N/A, Floor 0.000%) | |||||||
3.632%(c) | 07/15/31 | 2,500 | 2,433,092 | ||||
Northwoods Capital Ltd. (Cayman Islands), | |||||||
Series 2020-22A, Class AR, 144A, 3 Month SOFR + 1.450% (Cap N/A, Floor 1.450%) | |||||||
4.397%(c) | 09/01/31 | 4,000 | 3,910,042 |
A11
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Collateralized Loan Obligations (cont’d.) | |||||||
OCP CLO Ltd. (Cayman Islands), | |||||||
Series 2015-09A, Class A1R2, 144A, 3 Month SOFR + 1.250% (Cap N/A, Floor 1.250%) | |||||||
2.096%(c) | 01/15/33 | 2,500 | $2,422,672 | ||||
Octagon Investment Partners 31 Ltd. (Cayman Islands), | |||||||
Series 2017-01A, Class AR, 144A, 3 Month LIBOR + 1.050% (Cap N/A, Floor 1.050%) | |||||||
3.760%(c) | 07/20/30 | 2,500 | 2,456,572 | ||||
OZLM Ltd. (Cayman Islands), | |||||||
Series 2014-06A, Class A1S, 144A, 3 Month LIBOR + 1.080% (Cap N/A, Floor 0.000%) | |||||||
3.820%(c) | 04/17/31 | 2,956 | 2,878,976 | ||||
Series 2015-11A, Class A1R, 144A, 3 Month LIBOR + 1.250% (Cap N/A, Floor 0.000%) | |||||||
4.032%(c) | 10/30/30 | 742 | 731,111 | ||||
Palmer Square CLO Ltd. (Cayman Islands), | |||||||
Series 2015-02A, Class A1R2, 144A, 3 Month LIBOR + 1.100% (Cap N/A, Floor 0.000%) | |||||||
3.810%(c) | 07/20/30 | 5,000 | 4,909,935 | ||||
Regatta Funding Ltd. (Cayman Islands), | |||||||
Series 2016-01A, Class A1R2, 144A, 3 Month LIBOR + 1.150% (Cap N/A, Floor 1.150%) | |||||||
4.677%(c) | 06/20/34 | 3,750 | 3,592,197 | ||||
Sixth Street CLO Ltd. (Cayman Islands), | |||||||
Series 2020-16A, Class A1A, 144A, 3 Month LIBOR + 1.320% (Cap N/A, Floor 1.320%) | |||||||
4.030%(c) | 10/20/32 | 2,500 | 2,432,659 | ||||
TCW CLO Ltd. (Cayman Islands), | |||||||
Series 2021-02A, Class AS, 144A, 3 Month LIBOR + 1.180% (Cap N/A, Floor 1.180%) | |||||||
3.963%(c) | 07/25/34 | 4,750 | 4,539,302 | ||||
TIAA CLO Ltd. (Cayman Islands), | |||||||
Series 2016-01A, Class AR, 144A, 3 Month LIBOR + 1.200% (Cap N/A, Floor 0.000%) | |||||||
3.910%(c) | 07/20/31 | 1,750 | 1,698,880 | ||||
Toro European CLO DAC (Ireland), | |||||||
Series 02A, Class ARR, 144A, 3 Month EURIBOR + 0.990% (Cap N/A, Floor 0.990%) | |||||||
0.990%(c) | 07/25/34 | EUR | 3,000 | 2,731,548 | |||
Trimaran Cavu Ltd., | |||||||
Series 2019-01A, Class A1, 144A, 3 Month LIBOR + 1.460% (Cap N/A, Floor 1.460%) | |||||||
4.170%(c) | 07/20/32 | 7,500 | 7,324,028 | ||||
Venture CLO Ltd. (Cayman Islands), | |||||||
Series 2015-21A, Class AR, 144A, 3 Month LIBOR + 0.880% (Cap N/A, Floor 0.000%) | |||||||
3.392%(c) | 07/15/27 | 87 | 86,660 | ||||
Wellfleet CLO Ltd., | |||||||
Series 2017-03A, Class A1, 144A, 3 Month LIBOR + 1.150% (Cap N/A, Floor 1.150%) | |||||||
3.890%(c) | 01/17/31 | 2,000 | 1,953,958 | ||||
Series 2018-02A, Class A1, 144A, 3 Month LIBOR + 1.200% (Cap N/A, Floor 1.200%) | |||||||
3.910%(c) | 10/20/31 | 3,750 | 3,639,944 | ||||
101,152,018 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Consumer Loans — 0.3% | |||||||
Lendmark Funding Trust, | |||||||
Series 2019-02A, Class A, 144A | |||||||
2.780% | 04/20/28 | 2,400 | $2,334,735 | ||||
OneMain Financial Issuance Trust, | |||||||
Series 2020-01A, Class A, 144A | |||||||
3.840% | 05/14/32 | 515 | 511,727 | ||||
Series 2020-02A, Class A, 144A | |||||||
1.750% | 09/14/35 | 1,900 | 1,672,706 | ||||
Series 2021-01A, Class A2, 144A, 30 Day Average SOFR + 0.760% (Cap N/A, Floor 0.000%) | |||||||
3.045%(c) | 06/16/36 | 2,000 | 1,923,632 | ||||
Oportun Funding XIV LLC, | |||||||
Series 2021-A, Class A, 144A | |||||||
1.210% | 03/08/28 | 800 | 742,766 | ||||
7,185,566 | |||||||
Equipment — 0.2% | |||||||
MMAF Equipment Finance LLC, | |||||||
Series 2017-B, Class A5, 144A | |||||||
2.720% | 06/15/40 | 2,100 | 2,044,400 | ||||
Series 2018-A, Class A5, 144A | |||||||
3.610% | 03/10/42 | 500 | 485,488 | ||||
Series 2019-A, Class A5, 144A | |||||||
3.080% | 11/12/41 | 1,600 | 1,545,484 | ||||
Series 2019-B, Class A5, 144A | |||||||
2.290% | 11/12/41 | 1,600 | 1,467,841 | ||||
5,543,213 | |||||||
Other — 0.1% | |||||||
Home Partners of America Trust, | |||||||
Series 2021-03, Class A, 144A | |||||||
2.200% | 01/17/41 | 928 | 795,827 | ||||
TH MSR Issuer Trust, | |||||||
Series 2019-FT01, Class A, 144A, 1 Month LIBOR + 2.800% (Cap N/A, Floor 2.800%) | |||||||
5.884%(c) | 06/25/24 | 2,240 | 2,075,492 | ||||
2,871,319 | |||||||
Residential Mortgage-Backed Securities — 0.1% | |||||||
Countrywide Asset-Backed Certificates, | |||||||
Series 2004-01, Class M1, 1 Month LIBOR + 0.750% (Cap N/A, Floor 0.750%) | |||||||
3.834%(c) | 03/25/34 | 147 | 142,461 | ||||
Long Beach Mortgage Loan Trust, | |||||||
Series 2004-02, Class M1, 1 Month LIBOR + 0.795% (Cap N/A, Floor 0.795%) | |||||||
3.879%(c) | 06/25/34 | 113 | 107,163 | ||||
TFS (Spain), | |||||||
Series 2018-03, Class A1, 1 Month EURIBOR + 3.000% | |||||||
3.619%(c) | 04/16/23^ | EUR | 932 | 868,108 | |||
1,117,732 | |||||||
Student Loans — 0.4% | |||||||
Commonbond Student Loan Trust, | |||||||
Series 2017-BGS, Class A1, 144A | |||||||
2.680% | 09/25/42 | 551 | 506,980 |
A12
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Student Loans (cont’d.) | |||||||
Series 2018-AGS, Class A1, 144A | |||||||
3.210% | 02/25/44 | 400 | $379,867 | ||||
Series 2018-CGS, Class A1, 144A | |||||||
3.870% | 02/25/46 | 110 | 104,987 | ||||
Laurel Road Prime Student Loan Trust, | |||||||
Series 2017-C, Class A2B, 144A | |||||||
2.810% | 11/25/42 | 104 | 102,919 | ||||
Series 2018-B, Class A2FX, 144A | |||||||
3.540% | 05/26/43 | 194 | 192,580 | ||||
Series 2019-A, Class A2FX, 144A | |||||||
2.730% | 10/25/48 | 213 | 208,144 | ||||
Navient Private Education Refi Loan Trust, | |||||||
Series 2018-A, Class A2, 144A | |||||||
3.190% | 02/18/42 | 253 | 252,231 | ||||
Series 2018-CA, Class A2, 144A | |||||||
3.520% | 06/16/42 | 206 | 203,896 | ||||
Series 2019-CA, Class A2, 144A | |||||||
3.130% | 02/15/68 | 599 | 574,418 | ||||
Series 2020-BA, Class A2, 144A | |||||||
2.120% | 01/15/69 | 623 | 569,699 | ||||
Pennsylvania Higher Education Assistance Agency, | |||||||
Series 2021-01A, Class A, 144A, 1 Month LIBOR + 0.530% (Cap N/A, Floor 0.530%) | |||||||
3.614%(c) | 05/25/70 | 1,463 | 1,425,149 | ||||
SoFi Professional Loan Program LLC, | |||||||
Series 2019-A, Class A2FX, 144A | |||||||
3.690% | 06/15/48 | 513 | 498,990 | ||||
Series 2019-B, Class A2FX, 144A | |||||||
3.090% | 08/17/48 | 600 | 566,783 | ||||
Series 2019-C, Class A2FX, 144A | |||||||
2.370% | 11/16/48 | 929 | 870,422 | ||||
SoFi Professional Loan Program Trust, | |||||||
Series 2018-B, Class A2FX, 144A | |||||||
3.340% | 08/25/47 | 617 | 601,848 | ||||
Series 2020-A, Class A2FX, 144A | |||||||
2.540% | 05/15/46 | 1,245 | 1,161,104 | ||||
8,220,017 | |||||||
Total Asset-Backed Securities (cost $184,818,270) | 174,350,234 | ||||||
Commercial Mortgage-Backed Securities — 6.1% | |||||||
Assurant Commercial Mortgage Trust, | |||||||
Series 2016-01A, Class AS, 144A | |||||||
3.172% | 05/15/49 | 3,100 | 2,958,461 | ||||
BANK, | |||||||
Series 2021-BN35, Class A3 | |||||||
1.717% | 06/15/64 | 3,500 | 2,878,814 | ||||
Series 2021-BN35, Class ASB | |||||||
2.067% | 06/15/64 | 2,300 | 1,918,682 | ||||
Series 2021-BN37, Class A4 | |||||||
2.370% | 11/15/64 | 3,900 | 3,110,224 | ||||
Barclays Commercial Mortgage Securities Trust, | |||||||
Series 2018-C02, Class A4 | |||||||
4.047% | 12/15/51 | 3,850 | 3,607,791 | ||||
Series 2021-C12, Class A4 | |||||||
2.421% | 11/15/54 | 4,500 | 3,648,444 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Commercial Mortgage-Backed Securities (continued) | |||||||
Benchmark Mortgage Trust, | |||||||
Series 2018-B03, Class A4 | |||||||
3.761% | 04/10/51 | 3,600 | $3,331,025 | ||||
Series 2021-B24, Class A3 | |||||||
2.010% | 03/15/54 | 2,000 | 1,683,273 | ||||
BXP Trust, | |||||||
Series 2021-601L, Class A, 144A | |||||||
2.618% | 01/15/44 | 5,500 | 4,133,622 | ||||
CFCRE Commercial Mortgage Trust, | |||||||
Series 2016-C04, Class A3 | |||||||
3.014% | 05/10/58 | 2,090 | 1,931,247 | ||||
Citigroup Commercial Mortgage Trust, | |||||||
Series 2014-GC21, Class A4 | |||||||
3.575% | 05/10/47 | 689 | 674,462 | ||||
Series 2016-C01, Class A3 | |||||||
2.944% | 05/10/49 | 2,700 | 2,506,645 | ||||
Series 2017-P07, Class A3 | |||||||
3.442% | 04/14/50 | 3,721 | 3,431,086 | ||||
Commercial Mortgage Trust, | |||||||
Series 2014-CR18, Class A4 | |||||||
3.550% | 07/15/47 | 1,744 | 1,695,112 | ||||
Series 2014-LC17, Class A4 | |||||||
3.648% | 10/10/47 | 3,024 | 2,920,230 | ||||
CSAIL Commercial Mortgage Trust, | |||||||
Series 2015-C04, Class A3 | |||||||
3.544% | 11/15/48 | 2,482 | 2,363,528 | ||||
Series 2017-C08, Class A3 | |||||||
3.127% | 06/15/50 | 3,678 | 3,311,626 | ||||
FHLMC Multifamily Structured Pass-Through Certificates, | |||||||
Series K055, Class X1, IO | |||||||
1.482%(cc) | 03/25/26 | 4,328 | 162,378 | ||||
GS Mortgage Securities Corp. Trust, | |||||||
Series 2021-RENT, Class A, 144A, 1 Month LIBOR + 0.700% (Cap N/A, Floor 0.700%) | |||||||
3.714%(c) | 11/21/35 | 1,064 | 1,029,487 | ||||
GS Mortgage Securities Trust, | |||||||
Series 2015-GC28, Class A4 | |||||||
3.136% | 02/10/48 | 2,763 | 2,642,889 | ||||
Series 2015-GC34, Class A3 | |||||||
3.244% | 10/10/48 | 4,715 | 4,443,679 | ||||
Series 2016-GS03, Class A3 | |||||||
2.592% | 10/10/49 | 3,901 | 3,547,228 | ||||
Series 2016-GS04, Class A3 | |||||||
3.178% | 11/10/49 | 3,796 | 3,484,696 | ||||
Series 2020-GSA02, Class A4 | |||||||
1.721% | 12/12/53 | 4,150 | 3,223,843 | ||||
JPMBB Commercial Mortgage Securities Trust, | |||||||
Series 2014-C25, Class A4A1 | |||||||
3.408% | 11/15/47 | 532 | 510,958 | ||||
Series 2015-C27, Class A3A1 | |||||||
2.920% | 02/15/48 | 3,978 | 3,744,603 | ||||
JPMCC Commercial Mortgage Securities Trust, | |||||||
Series 2017-JP06, Class A3 | |||||||
3.109% | 07/15/50 | 2,717 | 2,625,399 |
A13
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Commercial Mortgage-Backed Securities (continued) | |||||||
JPMDB Commercial Mortgage Securities Trust, | |||||||
Series 2016-C02, Class A3A | |||||||
2.881% | 06/15/49 | 2,500 | $2,336,111 | ||||
JPMorgan Chase Commercial Mortgage Securities Trust, | |||||||
Series 2013-LC11, Class A4 | |||||||
2.694% | 04/15/46 | 489 | 484,293 | ||||
MHC Commercial Mortgage Trust, | |||||||
Series 2021-MHC, Class C, 144A, 1 Month LIBOR + 1.351% (Cap N/A, Floor 1.351%) | |||||||
4.169%(c) | 04/15/38 | 2,150 | 2,042,307 | ||||
Morgan Stanley Capital I Trust, | |||||||
Series 2015-UBS08, Class A3 | |||||||
3.540% | 12/15/48 | 4,782 | 4,484,851 | ||||
Series 2016-BNK02, Class A3 | |||||||
2.791% | 11/15/49 | 2,000 | 1,802,383 | ||||
Series 2016-UB11, Class A3 | |||||||
2.531% | 08/15/49 | 6,152 | 5,533,163 | ||||
Series 2019-H06, Class A3 | |||||||
3.158% | 06/15/52 | 5,000 | 4,354,603 | ||||
Series 2019-H07, Class A2 | |||||||
2.492% | 07/15/52 | 9,400 | 8,923,005 | ||||
UBS Commercial Mortgage Trust, | |||||||
Series 2017-C02, Class ASB | |||||||
3.264% | 08/15/50 | 2,458 | 2,353,234 | ||||
Series 2017-C05, Class A4 | |||||||
3.212% | 11/15/50 | 5,000 | 4,578,183 | ||||
Series 2018-C09, Class A3 | |||||||
3.854% | 03/15/51 | 1,800 | 1,667,012 | ||||
Series 2018-C14, Class A3 | |||||||
4.180% | 12/15/51 | 2,900 | 2,682,708 | ||||
UBS-Barclays Commercial Mortgage Trust, | |||||||
Series 2013-C06, Class A3 | |||||||
2.971% | 04/10/46 | 713 | 707,784 | ||||
Wells Fargo Commercial Mortgage Trust, | |||||||
Series 2016-NXS06, Class A3 | |||||||
2.642% | 11/15/49 | 4,500 | 4,114,446 | ||||
Series 2017-C38, Class A4 | |||||||
3.190% | 07/15/50 | 3,214 | 2,940,823 | ||||
Series 2019-C49, Class A3 | |||||||
3.749% | 03/15/52 | 7,300 | 6,898,261 | ||||
Series 2020-C58, Class A3 | |||||||
1.810% | 07/15/53 | 5,000 | 3,927,418 | ||||
Series 2021-C61, Class A3 | |||||||
2.406% | 11/15/54 | 9,000 | 7,177,949 | ||||
Total Commercial Mortgage-Backed Securities (cost $155,855,724) | 138,527,966 | ||||||
Corporate Bonds — 10.4% | |||||||
Aerospace & Defense — 0.2% | |||||||
Boeing Co. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
2.196% | 02/04/26 | 1,610 | 1,429,302 | ||||
3.900% | 05/01/49 | 1,500 | 979,184 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Aerospace & Defense (cont’d.) | |||||||
Embraer Netherlands Finance BV (Brazil), | |||||||
Gtd. Notes | |||||||
5.050% | 06/15/25 | 551 | $522,004 | ||||
Embraer Overseas Ltd. (Brazil), | |||||||
Gtd. Notes, 144A | |||||||
5.696% | 09/16/23 | 765 | 763,948 | ||||
Raytheon Technologies Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
4.125% | 11/16/28 | 910 | 851,490 | ||||
4,545,928 | |||||||
Agriculture — 0.1% | |||||||
BAT Capital Corp. (United Kingdom), | |||||||
Gtd. Notes | |||||||
3.557% | 08/15/27 | 1,365 | 1,198,576 | ||||
Vector Group Ltd., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
5.750% | 02/01/29 | 875 | 717,687 | ||||
1,916,263 | |||||||
Airlines — 0.1% | |||||||
American Airlines 2015-1 Class A Pass-Through Trust, | |||||||
Pass-Through Certificates | |||||||
3.375% | 11/01/28 | 1,716 | 1,427,426 | ||||
Continental Airlines 2012-2 Class A Pass-Through Trust, | |||||||
Pass-Through Certificates | |||||||
4.000% | 04/29/26(a) | 233 | 220,420 | ||||
Southwest Airlines Co., | |||||||
Sr. Unsec’d. Notes | |||||||
2.625% | 02/10/30(a) | 1,375 | 1,104,561 | ||||
United Airlines, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.375% | 04/15/26 | 590 | 526,418 | ||||
4.625% | 04/15/29 | 115 | 95,496 | ||||
3,374,321 | |||||||
Apparel — 0.0% | |||||||
Wolverine World Wide, Inc., | |||||||
Gtd. Notes, 144A | |||||||
4.000% | 08/15/29(a) | 550 | 419,885 | ||||
Auto Manufacturers — 0.4% | |||||||
Daimler Trucks Finance North America LLC (Germany), | |||||||
Gtd. Notes, 144A | |||||||
1.625% | 12/13/24 | 3,770 | 3,474,955 | ||||
Ford Motor Co., | |||||||
Sr. Unsec’d. Notes | |||||||
5.291% | 12/08/46(a) | 665 | 471,318 | ||||
Ford Motor Credit Co. LLC, | |||||||
Sr. Unsec’d. Notes | |||||||
2.900% | 02/16/28 | 200 | 157,501 | ||||
3.350% | 11/01/22 | 2,845 | 2,840,316 | ||||
General Motors Co., | |||||||
Sr. Unsec’d. Notes | |||||||
6.250% | 10/02/43 | 740 | 644,116 | ||||
6.600% | 04/01/36 | 585 | 546,528 |
A14
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Auto Manufacturers (cont’d.) | |||||||
General Motors Financial Co., Inc., | |||||||
Gtd. Notes | |||||||
3.950% | 04/13/24 | 1,700 | $1,657,884 | ||||
9,792,618 | |||||||
Banks — 2.9% | |||||||
Banco Santander SA (Spain), | |||||||
Sr. Unsec’d. Notes | |||||||
1.849% | 03/25/26 | 800 | 691,472 | ||||
Sr. Unsec’d. Notes, 3 Month LIBOR + 1.120% | |||||||
3.543%(c) | 04/12/23 | 400 | 400,153 | ||||
Bank of America Corp., | |||||||
Jr. Sub. Notes, Series JJ | |||||||
5.125%(ff) | 06/20/24(oo) | 1,145 | 1,075,624 | ||||
Jr. Sub. Notes, Series MM | |||||||
4.300%(ff) | 01/28/25(oo) | 310 | 255,928 | ||||
Sr. Unsec’d. Notes, MTN | |||||||
1.898%(ff) | 07/23/31 | 1,805 | 1,344,552 | ||||
2.496%(ff) | 02/13/31 | 5,165 | 4,077,159 | ||||
3.194%(ff) | 07/23/30 | 1,050 | 884,339 | ||||
3.824%(ff) | 01/20/28 | 615 | 566,400 | ||||
Sub. Notes, MTN | |||||||
4.000% | 01/22/25 | 1,700 | 1,646,446 | ||||
4.200% | 08/26/24 | 745 | 733,309 | ||||
4.450% | 03/03/26 | 4,790 | 4,621,059 | ||||
Bank of America NA, | |||||||
Sub. Notes | |||||||
6.000% | 10/15/36 | 805 | 792,517 | ||||
Barclays PLC (United Kingdom), | |||||||
Sr. Unsec’d. Notes | |||||||
3.650% | 03/16/25 | 610 | 578,064 | ||||
3.932%(ff) | 05/07/25 | 320 | 307,540 | ||||
4.375% | 01/12/26 | 323 | 304,770 | ||||
Sr. Unsec’d. Notes, MTN | |||||||
4.972%(ff) | 05/16/29 | 705 | 634,776 | ||||
BNP Paribas SA (France), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
2.219%(ff) | 06/09/26 | 480 | 431,967 | ||||
2.591%(ff) | 01/20/28 | 800 | 688,299 | ||||
3.132%(ff) | 01/20/33 | 1,335 | 1,017,218 | ||||
Citigroup, Inc., | |||||||
Jr. Sub. Notes, Series V | |||||||
4.700%(ff) | 01/30/25(oo) | 1,675 | 1,346,124 | ||||
Sr. Unsec’d. Notes | |||||||
2.561%(ff) | 05/01/32 | 2,100 | 1,613,012 | ||||
3.200% | 10/21/26 | 670 | 613,756 | ||||
3.700% | 01/12/26 | 1,610 | 1,523,264 | ||||
3.887%(ff) | 01/10/28 | 560 | 515,813 | ||||
Sub. Notes | |||||||
4.450% | 09/29/27 | 1,485 | 1,377,571 | ||||
4.750% | 05/18/46 | 440 | 349,034 | ||||
Credit Suisse Group AG (Switzerland), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
2.193%(ff) | 06/05/26 | 1,100 | 961,642 | ||||
3.091%(ff) | 05/14/32 | 560 | 392,260 | ||||
4.282% | 01/09/28 | 980 | 834,299 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Banks (cont’d.) | |||||||
Deutsche Bank AG (Germany), | |||||||
Sr. Unsec’d. Notes | |||||||
2.129%(ff) | 11/24/26 | 460 | $390,549 | ||||
Discover Bank, | |||||||
Sr. Unsec’d. Notes | |||||||
4.250% | 03/13/26 | 595 | 561,698 | ||||
Goldman Sachs Group, Inc. (The), | |||||||
Jr. Sub. Notes, Series O | |||||||
5.300%(ff) | 11/10/26(oo) | 560 | 521,123 | ||||
Sr. Unsec’d. Notes | |||||||
1.542%(ff) | 09/10/27 | 2,345 | 1,983,705 | ||||
3.750% | 02/25/26 | 1,165 | 1,104,390 | ||||
3.814%(ff) | 04/23/29 | 440 | 391,219 | ||||
3.850% | 01/26/27 | 2,625 | 2,447,185 | ||||
Sub. Notes | |||||||
6.750% | 10/01/37 | 225 | 224,821 | ||||
ING Groep NV (Netherlands), | |||||||
Sr. Unsec’d. Notes | |||||||
3.550% | 04/09/24 | 400 | 389,867 | ||||
JPMorgan Chase & Co., | |||||||
Jr. Sub. Notes, Series FF | |||||||
5.000%(ff) | 08/01/24(oo) | 540 | 485,474 | ||||
Jr. Sub. Notes, Series HH | |||||||
4.600%(ff) | 02/01/25(oo) | 1,245 | 1,083,011 | ||||
Jr. Sub. Notes, Series I, 3 Month LIBOR + 3.470% | |||||||
6.276%(c) | 01/30/23(oo) | 979 | 974,593 | ||||
Jr. Sub. Notes, Series II | |||||||
4.000%(ff) | 04/01/25(oo) | 230 | 189,621 | ||||
Sr. Unsec’d. Notes | |||||||
2.580%(ff) | 04/22/32 | 1,585 | 1,226,634 | ||||
3.782%(ff) | 02/01/28 | 270 | 247,621 | ||||
3.964%(ff) | 11/15/48 | 2,240 | 1,677,293 | ||||
4.005%(ff) | 04/23/29 | 1,360 | 1,230,106 | ||||
Sub. Notes | |||||||
3.875% | 09/10/24 | 3,525 | 3,449,691 | ||||
Morgan Stanley, | |||||||
Sr. Unsec’d. Notes, GMTN | |||||||
2.239%(ff) | 07/21/32 | 2,770 | 2,082,899 | ||||
3.772%(ff) | 01/24/29 | 1,295 | 1,166,966 | ||||
3.875% | 01/27/26 | 550 | 524,670 | ||||
4.431%(ff) | 01/23/30 | 455 | 418,682 | ||||
Sr. Unsec’d. Notes, MTN | |||||||
3.591%(ff) | 07/22/28 | 1,030 | 929,704 | ||||
Sub. Notes, GMTN | |||||||
4.350% | 09/08/26 | 3,050 | 2,912,666 | ||||
NatWest Group PLC (United Kingdom), | |||||||
Sr. Unsec’d. Notes | |||||||
5.076%(ff) | 01/27/30 | 1,570 | 1,432,313 | ||||
Societe Generale SA (France), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
1.488%(ff) | 12/14/26 | 3,200 | 2,715,961 | ||||
State Bank of India (India), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.375% | 01/24/24 | 1,255 | 1,237,979 |
A15
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Banks (cont’d.) | |||||||
UBS Group AG (Switzerland), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
1.364%(ff) | 01/30/27 | 2,250 | $1,921,776 | ||||
Wells Fargo & Co., | |||||||
Sr. Unsec’d. Notes, MTN | |||||||
2.572%(ff) | 02/11/31 | 2,895 | 2,317,148 | ||||
66,817,732 | |||||||
Beverages — 0.2% | |||||||
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. (Belgium), | |||||||
Gtd. Notes | |||||||
4.700% | 02/01/36 | 1,220 | 1,099,885 | ||||
Bacardi Ltd. (Bermuda), | |||||||
Gtd. Notes, 144A | |||||||
2.750% | 07/15/26 | 2,785 | 2,487,283 | ||||
Constellation Brands, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.250% | 08/01/31(a) | 780 | 598,406 | ||||
4,185,574 | |||||||
Biotechnology — 0.1% | |||||||
Amgen, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.800% | 08/15/41 | 2,840 | 1,944,781 | ||||
Building Materials — 0.0% | |||||||
Masonite International Corp., | |||||||
Gtd. Notes, 144A | |||||||
3.500% | 02/15/30 | 400 | 306,000 | ||||
Standard Industries, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.750% | 01/15/28 | 300 | 253,899 | ||||
559,899 | |||||||
Chemicals — 0.1% | |||||||
Dow Chemical Co. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
4.375% | 11/15/42 | 5 | 3,946 | ||||
5.250% | 11/15/41 | 350 | 314,011 | ||||
9.400% | 05/15/39 | 15 | 19,069 | ||||
LYB International Finance BV, | |||||||
Gtd. Notes | |||||||
5.250% | 07/15/43 | 620 | 527,291 | ||||
NOVA Chemicals Corp. (Canada), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.875% | 06/01/24(a) | 875 | 820,313 | ||||
Sasol Financing USA LLC (South Africa), | |||||||
Gtd. Notes | |||||||
5.875% | 03/27/24 | 600 | 577,500 | ||||
6.500% | 09/27/28 | 405 | 360,009 | ||||
2,622,139 | |||||||
Commercial Services — 0.1% | |||||||
ERAC USA Finance LLC, | |||||||
Gtd. Notes, 144A | |||||||
4.200% | 11/01/46 | 875 | 650,110 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Commercial Services (cont’d.) | |||||||
7.000% | 10/15/37 | 390 | $408,978 | ||||
United Rentals North America, Inc., | |||||||
Gtd. Notes | |||||||
3.750% | 01/15/32 | 250 | 196,290 | ||||
4.875% | 01/15/28 | 735 | 674,346 | ||||
5.250% | 01/15/30 | 265 | 239,799 | ||||
University of Miami, | |||||||
Sr. Unsec’d. Notes, Series 2022 | |||||||
4.063% | 04/01/52 | 815 | 660,478 | ||||
2,830,001 | |||||||
Diversified Financial Services — 0.3% | |||||||
BOC Aviation USA Corp. (Singapore), | |||||||
Gtd. Notes, 144A, MTN | |||||||
1.625% | 04/29/24 | 445 | 420,246 | ||||
Cantor Fitzgerald LP, | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.500% | 04/14/27(a) | 3,485 | 3,240,386 | ||||
CDP Financial, Inc. (Canada), | |||||||
Gtd. Notes, 144A | |||||||
3.150% | 07/24/24 | 445 | 435,345 | ||||
Discover Financial Services, | |||||||
Sr. Unsec’d. Notes | |||||||
3.850% | 11/21/22 | 900 | 899,433 | ||||
Nomura Holdings, Inc. (Japan), | |||||||
Sr. Unsec’d. Notes | |||||||
2.608% | 07/14/31 | 1,490 | 1,108,365 | ||||
OneMain Finance Corp., | |||||||
Gtd. Notes | |||||||
8.250% | 10/01/23 | 1,100 | 1,115,184 | ||||
Private Export Funding Corp., | |||||||
U.S. Gov’t. Gtd. Notes, Series NN | |||||||
3.250% | 06/15/25 | 255 | 245,741 | ||||
7,464,700 | |||||||
Electric — 1.0% | |||||||
Abu Dhabi National Energy Co. PJSC (United Arab Emirates), | |||||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
2.000% | 04/29/28(a) | 370 | 312,835 | ||||
Alfa Desarrollo SpA (Chile), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.550% | 09/27/51 | 438 | 284,957 | ||||
Baltimore Gas & Electric Co., | |||||||
Sr. Unsec’d. Notes | |||||||
6.350% | 10/01/36 | 530 | 557,979 | ||||
Berkshire Hathaway Energy Co., | |||||||
Sr. Unsec’d. Notes | |||||||
5.950% | 05/15/37 | 335 | 335,461 | ||||
Calpine Corp., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.750% | 03/01/31 | 1,400 | 1,100,883 | ||||
CenterPoint Energy Houston Electric LLC, | |||||||
General Ref. Mortgage, Series K2 | |||||||
6.950% | 03/15/33 | 300 | 334,344 |
A16
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Electric (cont’d.) | |||||||
Comision Federal de Electricidad (Mexico), | |||||||
Gtd. Notes, 144A | |||||||
4.688% | 05/15/29 | 1,000 | $833,313 | ||||
Connecticut Light & Power Co. (The), | |||||||
First Mortgage, Series A | |||||||
2.050% | 07/01/31(h) | 2,290 | 1,815,218 | ||||
Consolidated Edison Co. of New York, Inc., | |||||||
Sr. Unsec’d. Notes, Series 09-C | |||||||
5.500% | 12/01/39 | 145 | 135,962 | ||||
Duke Energy Carolinas LLC, | |||||||
First Mortgage | |||||||
6.050% | 04/15/38 | 530 | 545,169 | ||||
El Paso Electric Co., | |||||||
Sr. Unsec’d. Notes | |||||||
6.000% | 05/15/35 | 845 | 824,499 | ||||
Enel Finance International NV (Italy), | |||||||
Gtd. Notes, 144A | |||||||
2.250% | 07/12/31 | 1,500 | 1,041,184 | ||||
Engie Energia Chile SA (Chile), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.400% | 01/28/30 | 400 | 302,000 | ||||
Florida Power & Light Co., | |||||||
First Mortgage | |||||||
5.950% | 10/01/33 | 380 | 392,562 | ||||
Iberdrola International BV (Spain), | |||||||
Gtd. Notes | |||||||
6.750% | 09/15/33 | 140 | 143,387 | ||||
Indiana Michigan Power Co., | |||||||
Sr. Unsec’d. Notes | |||||||
3.850% | 05/15/28(h) | 2,105 | 1,951,923 | ||||
Israel Electric Corp. Ltd. (Israel), | |||||||
Sr. Sec’d. Notes, 144A, GMTN | |||||||
4.250% | 08/14/28 | 575 | 530,545 | ||||
Monongahela Power Co., | |||||||
First Mortgage, 144A | |||||||
4.100% | 04/15/24(h) | 1,560 | 1,529,135 | ||||
Northern States Power Co., | |||||||
First Mortgage | |||||||
3.600% | 09/15/47 | 1,035 | 788,826 | ||||
NRG Energy, Inc., | |||||||
Gtd. Notes, 144A | |||||||
3.625% | 02/15/31 | 50 | 39,039 | ||||
3.875% | 02/15/32 | 150 | 117,279 | ||||
Sr. Sec’d. Notes, 144A | |||||||
2.000% | 12/02/25 | 225 | 198,700 | ||||
2.450% | 12/02/27 | 970 | 795,962 | ||||
Ohio Power Co., | |||||||
Sr. Unsec’d. Notes | |||||||
4.000% | 06/01/49 | 465 | 358,283 | ||||
PECO Energy Co., | |||||||
First Mortgage | |||||||
2.800% | 06/15/50 | 785 | 505,870 | ||||
Public Service Electric & Gas Co., | |||||||
First Mortgage, MTN | |||||||
3.700% | 05/01/28 | 850 | 793,182 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Electric (cont’d.) | |||||||
Sr. Sec’d. Notes, MTN | |||||||
5.800% | 05/01/37 | 515 | $528,747 | ||||
Public Service Enterprise Group, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
1.600% | 08/15/30 | 1,235 | 926,267 | ||||
San Diego Gas & Electric Co., | |||||||
First Mortgage | |||||||
4.150% | 05/15/48 | 1,010 | 834,217 | ||||
Southern California Edison Co., | |||||||
First Ref. Mortgage | |||||||
4.000% | 04/01/47 | 350 | 255,813 | ||||
First Ref. Mortgage, Series C | |||||||
3.600% | 02/01/45 | 690 | 464,126 | ||||
Vistra Operations Co. LLC, | |||||||
Gtd. Notes, 144A | |||||||
5.000% | 07/31/27(a) | 495 | 446,930 | ||||
Sr. Sec’d. Notes, 144A | |||||||
3.550% | 07/15/24 | 1,475 | 1,405,010 | ||||
Xcel Energy, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.800% | 09/15/41 | 480 | 410,304 | ||||
21,839,911 | |||||||
Engineering & Construction — 0.1% | |||||||
AECOM, | |||||||
Gtd. Notes | |||||||
5.125% | 03/15/27 | 600 | 561,055 | ||||
Mexico City Airport Trust (Mexico), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
5.500% | 07/31/47 | 1,350 | 836,595 | ||||
1,397,650 | |||||||
Entertainment — 0.0% | |||||||
Warnermedia Holdings, Inc., | |||||||
Gtd. Notes, 144A | |||||||
5.050% | 03/15/42 | 450 | 336,822 | ||||
5.141% | 03/15/52 | 650 | 472,328 | ||||
809,150 | |||||||
Foods — 0.1% | |||||||
Kraft Heinz Foods Co., | |||||||
Gtd. Notes | |||||||
4.875% | 10/01/49 | 1,030 | 850,967 | ||||
Lamb Weston Holdings, Inc., | |||||||
Gtd. Notes, 144A | |||||||
4.125% | 01/31/30 | 350 | 295,954 | ||||
4.375% | 01/31/32 | 600 | 497,284 | ||||
Mars, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
2.375% | 07/16/40 | 535 | 351,616 | ||||
Pilgrim’s Pride Corp., | |||||||
Gtd. Notes, 144A | |||||||
5.875% | 09/30/27 | 1,200 | 1,166,693 | ||||
3,162,514 |
A17
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Forest Products & Paper — 0.0% | |||||||
Celulosa Arauco y Constitucion SA (Chile), | |||||||
Sr. Unsec’d. Notes | |||||||
4.500% | 08/01/24 | 207 | $202,239 | ||||
Gas — 0.2% | |||||||
NiSource, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
1.700% | 02/15/31 | 270 | 199,523 | ||||
3.600% | 05/01/30 | 1,600 | 1,391,969 | ||||
ONE Gas, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.250% | 09/01/32 | 1,455 | 1,316,913 | ||||
Piedmont Natural Gas Co., Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.500% | 06/01/29 | 2,090 | 1,837,680 | ||||
4,746,085 | |||||||
Healthcare-Products — 0.1% | |||||||
DH Europe Finance II Sarl, | |||||||
Gtd. Notes | |||||||
1.350% | 09/18/39 | EUR | 1,125 | 728,302 | |||
Medline Borrower LP, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.875% | 04/01/29 | 475 | 381,446 | ||||
Medtronic Global Holdings SCA, | |||||||
Gtd. Notes | |||||||
2.250% | 03/07/39 | EUR | 300 | 230,726 | |||
1,340,474 | |||||||
Healthcare-Services — 0.1% | |||||||
Aetna, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
6.625% | 06/15/36 | 480 | 491,711 | ||||
Elevance Health, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.600% | 03/15/51 | 885 | 636,598 | ||||
4.625% | 05/15/42 | 330 | 285,344 | ||||
HCA, Inc., | |||||||
Gtd. Notes | |||||||
5.125% | 06/15/39 | 665 | 557,780 | ||||
Kaiser Foundation Hospitals, | |||||||
Gtd. Notes | |||||||
4.150% | 05/01/47 | 670 | 560,862 | ||||
Tenet Healthcare Corp., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.375% | 01/15/30 | 425 | 354,463 | ||||
6.125% | 06/15/30 | 225 | 206,947 | ||||
3,093,705 | |||||||
Home Builders — 0.1% | |||||||
KB Home, | |||||||
Gtd. Notes | |||||||
4.000% | 06/15/31 | 400 | 294,183 | ||||
Taylor Morrison Communities, Inc., | |||||||
Gtd. Notes, 144A | |||||||
5.875% | 06/15/27 | 405 | 377,096 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Home Builders (cont’d.) | |||||||
Taylor Morrison Communities, Inc./Taylor Morrison Holdings II, Inc., | |||||||
Gtd. Notes, 144A | |||||||
5.625% | 03/01/24 | 600 | $586,500 | ||||
1,257,779 | |||||||
Housewares — 0.1% | |||||||
Newell Brands, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.450% | 04/01/26 | 2,010 | 1,849,268 | ||||
Insurance — 0.2% | |||||||
Liberty Mutual Group, Inc., | |||||||
Gtd. Notes, 144A | |||||||
3.951% | 10/15/50 | 1,125 | 762,565 | ||||
Lincoln National Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
6.300% | 10/09/37 | 701 | 698,086 | ||||
Markel Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
5.000% | 03/30/43 | 165 | 142,537 | ||||
New York Life Insurance Co., | |||||||
Sub. Notes, 144A | |||||||
6.750% | 11/15/39(a) | 650 | 715,963 | ||||
Principal Financial Group, Inc., | |||||||
Gtd. Notes | |||||||
4.625% | 09/15/42 | 105 | 88,978 | ||||
Teachers Insurance & Annuity Association of America, | |||||||
Sub. Notes, 144A | |||||||
4.270% | 05/15/47 | 1,430 | 1,172,988 | ||||
6.850% | 12/16/39 | 122 | 133,595 | ||||
3,714,712 | |||||||
Internet — 0.1% | |||||||
Meta Platforms, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.450% | 08/15/52 | 1,500 | 1,225,371 | ||||
Media — 0.4% | |||||||
CCO Holdings LLC/CCO Holdings Capital Corp., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.000% | 03/01/23 | 1,000 | 994,978 | ||||
5.500% | 05/01/26 | 500 | 473,821 | ||||
Charter Communications Operating LLC/Charter Communications Operating Capital, | |||||||
Sr. Sec’d. Notes | |||||||
3.900% | 06/01/52 | 500 | 311,968 | ||||
6.384% | 10/23/35 | 1,695 | 1,561,872 | ||||
6.484% | 10/23/45 | 1,000 | 883,470 | ||||
Cox Communications, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
2.600% | 06/15/31 | 3,695 | 2,879,166 | ||||
CSC Holdings LLC, | |||||||
Gtd. Notes, 144A | |||||||
4.500% | 11/15/31 | 1,000 | 751,330 | ||||
Discovery Communications LLC, | |||||||
Gtd. Notes | |||||||
4.000% | 09/15/55 | 823 | 489,980 |
A18
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Media (cont’d.) | |||||||
Paramount Global, | |||||||
Sr. Unsec’d. Notes | |||||||
5.250% | 04/01/44 | 1,340 | $983,647 | ||||
Time Warner Cable LLC, | |||||||
Sr. Sec’d. Notes | |||||||
5.500% | 09/01/41 | 270 | 213,304 | ||||
Walt Disney Co. (The), | |||||||
Gtd. Notes | |||||||
7.625% | 11/30/28 | 515 | 577,121 | ||||
10,120,657 | |||||||
Miscellaneous Manufacturing — 0.1% | |||||||
Amsted Industries, Inc., | |||||||
Gtd. Notes, 144A | |||||||
5.625% | 07/01/27 | 800 | 736,766 | ||||
Pentair Finance Sarl, | |||||||
Gtd. Notes | |||||||
4.500% | 07/01/29 | 2,415 | 2,182,930 | ||||
2,919,696 | |||||||
Multi-National — 0.0% | |||||||
Corp. Andina de Fomento (Supranational Bank), | |||||||
Sr. Unsec’d. Notes | |||||||
2.750% | 01/06/23 | 385 | 383,147 | ||||
North American Development Bank (Supranational Bank), | |||||||
Sr. Unsec’d. Notes | |||||||
2.400% | 10/26/22 | 226 | 225,384 | ||||
608,531 | |||||||
Office/Business Equipment — 0.1% | |||||||
CDW LLC/CDW Finance Corp., | |||||||
Gtd. Notes | |||||||
2.670% | 12/01/26 | 1,270 | 1,101,939 | ||||
5.500% | 12/01/24 | 500 | 498,601 | ||||
1,600,540 | |||||||
Oil & Gas — 0.4% | |||||||
Aker BP ASA (Norway), | |||||||
Gtd. Notes, 144A | |||||||
3.100% | 07/15/31 | 530 | 416,058 | ||||
Cenovus Energy, Inc. (Canada), | |||||||
Sr. Unsec’d. Notes | |||||||
5.400% | 06/15/47 | 850 | 727,118 | ||||
Continental Resources, Inc., | |||||||
Gtd. Notes | |||||||
4.500% | 04/15/23(a) | 430 | 427,653 | ||||
Devon Energy Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
5.600% | 07/15/41 | 225 | 201,968 | ||||
Ecopetrol SA (Colombia), | |||||||
Sr. Unsec’d. Notes | |||||||
6.875% | 04/29/30 | 440 | 369,600 | ||||
Endeavor Energy Resources LP/EER Finance, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.750% | 01/30/28 | 350 | 332,928 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Oil & Gas (cont’d.) | |||||||
Energean Israel Finance Ltd. (Israel), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.500% | 03/30/24 | 390 | $366,600 | ||||
4.875% | 03/30/26 | 570 | 508,725 | ||||
Hilcorp Energy I LP/Hilcorp Finance Co., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
6.000% | 04/15/30 | 275 | 242,585 | ||||
6.250% | 04/15/32 | 325 | 289,082 | ||||
KazMunayGas National Co. JSC (Kazakhstan), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.750% | 04/24/25 | 400 | 370,752 | ||||
Occidental Petroleum Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
6.450% | 09/15/36 | 1,040 | 1,035,468 | ||||
Petroleos Mexicanos (Mexico), | |||||||
Gtd. Notes | |||||||
4.750% | 02/26/29 | EUR | 100 | 67,623 | |||
6.350% | 02/12/48 | 458 | 244,412 | ||||
6.490% | 01/23/27 | 346 | 288,253 | ||||
6.500% | 03/13/27 | 130 | 108,862 | ||||
Gtd. Notes, MTN | |||||||
6.750% | 09/21/47 | 471 | 261,405 | ||||
6.875% | 08/04/26(a) | 770 | 690,651 | ||||
Qatar Energy (Qatar), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
1.375% | 09/12/26 | 1,544 | 1,347,140 | ||||
2.250% | 07/12/31 | 545 | 438,725 | ||||
8,735,608 | |||||||
Packaging & Containers — 0.2% | |||||||
Ball Corp., | |||||||
Gtd. Notes | |||||||
3.125% | 09/15/31 | 300 | 225,111 | ||||
Berry Global, Inc., | |||||||
Sr. Sec’d. Notes | |||||||
1.570% | 01/15/26 | 3,570 | 3,120,419 | ||||
Graphic Packaging International LLC, | |||||||
Gtd. Notes | |||||||
4.125% | 08/15/24 | 450 | 432,000 | ||||
3,777,530 | |||||||
Pharmaceuticals — 0.5% | |||||||
AbbVie, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.800% | 03/15/25 | 950 | 919,802 | ||||
4.250% | 11/21/49 | 1,000 | 802,415 | ||||
4.500% | 05/14/35 | 1,595 | 1,423,081 | ||||
4.550% | 03/15/35 | 1,770 | 1,590,277 | ||||
4.700% | 05/14/45 | 855 | 726,361 | ||||
Bayer US Finance II LLC (Germany), | |||||||
Gtd. Notes, 144A | |||||||
4.250% | 12/15/25 | 1,150 | 1,102,671 | ||||
Becton, Dickinson & Co., | |||||||
Sr. Unsec’d. Notes | |||||||
3.734% | 12/15/24 | 102 | 99,091 |
A19
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Pharmaceuticals (cont’d.) | |||||||
Bristol-Myers Squibb Co., | |||||||
Sr. Unsec’d. Notes | |||||||
4.125% | 06/15/39 | 280 | $244,509 | ||||
Cigna Corp., | |||||||
Gtd. Notes | |||||||
4.375% | 10/15/28 | 1,870 | 1,765,976 | ||||
Sr. Unsec’d. Notes | |||||||
3.200% | 03/15/40 | 1,555 | 1,122,413 | ||||
CVS Health Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
5.125% | 07/20/45 | 985 | 862,079 | ||||
5.300% | 12/05/43 | 185 | 166,069 | ||||
Mylan, Inc., | |||||||
Gtd. Notes | |||||||
5.400% | 11/29/43 | 590 | 429,846 | ||||
Organon & Co./Organon Foreign Debt Co-Issuer BV, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.125% | 04/30/28 | 700 | 598,444 | ||||
Viatris, Inc., | |||||||
Gtd. Notes | |||||||
3.850% | 06/22/40 | 520 | 323,281 | ||||
12,176,315 | |||||||
Pipelines — 0.6% | |||||||
Antero Midstream Partners LP/Antero Midstream Finance Corp., | |||||||
Gtd. Notes, 144A | |||||||
7.875% | 05/15/26 | 525 | 528,021 | ||||
Eastern Gas Transmission & Storage, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.600% | 12/15/44 | 45 | 36,718 | ||||
EIG Pearl Holdings Sarl (Saudi Arabia), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.545% | 08/31/36 | 1,060 | 842,700 | ||||
Energy Transfer LP, | |||||||
Sr. Unsec’d. Notes | |||||||
4.950% | 06/15/28 | 795 | 743,024 | ||||
5.000% | 05/15/50 | 990 | 773,608 | ||||
6.125% | 12/15/45 | 120 | 104,865 | ||||
EQM Midstream Partners LP, | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
7.500% | 06/01/27 | 25 | 23,881 | ||||
7.500% | 06/01/30 | 25 | 23,673 | ||||
Kinder Morgan, Inc., | |||||||
Gtd. Notes | |||||||
3.600% | 02/15/51 | 1,575 | 1,041,265 | ||||
MPLX LP, | |||||||
Sr. Unsec’d. Notes | |||||||
4.000% | 02/15/25 | 1,140 | 1,099,824 | ||||
4.875% | 06/01/25 | 2,275 | 2,234,097 | ||||
5.200% | 03/01/47 | 25 | 20,601 | ||||
5.500% | 02/15/49 | 700 | 596,566 | ||||
ONEOK Partners LP, | |||||||
Gtd. Notes | |||||||
6.650% | 10/01/36 | 130 | 123,387 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Pipelines (cont’d.) | |||||||
ONEOK, Inc., | |||||||
Gtd. Notes | |||||||
3.100% | 03/15/30 | 3,495 | $2,845,185 | ||||
4.500% | 03/15/50 | 245 | 176,861 | ||||
4.950% | 07/13/47 | 640 | 494,073 | ||||
Venture Global Calcasieu Pass LLC, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.875% | 08/15/29 | 80 | 68,765 | ||||
4.125% | 08/15/31 | 55 | 45,579 | ||||
Western Midstream Operating LP, | |||||||
Sr. Unsec’d. Notes | |||||||
5.300% | 03/01/48 | 80 | 65,663 | ||||
Williams Cos., Inc. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
4.850% | 03/01/48 | 230 | 190,252 | ||||
4.900% | 01/15/45 | 1,100 | 893,140 | ||||
12,971,748 | |||||||
Real Estate Investment Trusts (REITs) — 0.3% | |||||||
Corporate Office Properties LP, | |||||||
Gtd. Notes | |||||||
2.900% | 12/01/33 | 945 | 655,543 | ||||
GLP Capital LP/GLP Financing II, Inc., | |||||||
Gtd. Notes | |||||||
5.375% | 04/15/26 | 725 | 693,269 | ||||
Kimco Realty Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
2.700% | 10/01/30 | 2,420 | 1,944,848 | ||||
MPT Operating Partnership LP/MPT Finance Corp., | |||||||
Gtd. Notes | |||||||
3.500% | 03/15/31 | 625 | 435,317 | ||||
5.000% | 10/15/27 | 275 | 237,523 | ||||
Realty Income Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
3.250% | 01/15/31(h) | 2,250 | 1,910,748 | ||||
5,877,248 | |||||||
Retail — 0.3% | |||||||
1011778 BC ULC/New Red Finance, Inc. (Canada), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.875% | 01/15/28(a) | 500 | 435,105 | ||||
AutoZone, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.750% | 04/18/29 | 1,820 | 1,642,882 | ||||
Dollar Tree, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.000% | 05/15/25 | 3,395 | 3,290,538 | ||||
Gap, Inc. (The), | |||||||
Gtd. Notes, 144A | |||||||
3.625% | 10/01/29 | 200 | 131,252 | ||||
3.875% | 10/01/31(a) | 425 | 272,319 | ||||
Sally Holdings LLC/Sally Capital, Inc., | |||||||
Gtd. Notes | |||||||
5.625% | 12/01/25 | 1,020 | 966,288 | ||||
6,738,384 |
A20
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Semiconductors — 0.1% | |||||||
Broadcom, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.187% | 11/15/36 | 3,650 | $2,499,259 | ||||
Software — 0.1% | |||||||
ServiceNow, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
1.400% | 09/01/30 | 1,425 | 1,049,872 | ||||
Workday, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.800% | 04/01/32(a) | 1,845 | 1,604,997 | ||||
2,654,869 | |||||||
Telecommunications — 0.6% | |||||||
AT&T, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.550% | 12/01/33 | 736 | 547,711 | ||||
3.500% | 09/15/53 | 2,817 | 1,876,951 | ||||
3.650% | 09/15/59 | 4 | 2,597 | ||||
4.300% | 02/15/30 | 490 | 448,450 | ||||
4.500% | 05/15/35 | 765 | 662,267 | ||||
British Telecommunications PLC (United Kingdom), | |||||||
Sr. Unsec’d. Notes | |||||||
9.625% | 12/15/30 | 350 | 404,688 | ||||
Level 3 Financing, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.400% | 03/01/27(a) | 250 | 209,287 | ||||
T-Mobile USA, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.550% | 02/15/31 | 965 | 764,466 | ||||
3.875% | 04/15/30 | 5,500 | 4,874,078 | ||||
Verizon Communications, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.550% | 03/21/31 | 1,515 | 1,209,494 | ||||
2.650% | 11/20/40 | 1,095 | 710,201 | ||||
4.016% | 12/03/29 | 1,365 | 1,237,684 | ||||
12,947,874 | |||||||
Transportation — 0.1% | |||||||
Burlington Northern Santa Fe LLC, | |||||||
Sr. Unsec’d. Notes | |||||||
6.700% | 08/01/28 | 735 | 782,984 | ||||
CSX Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
6.150% | 05/01/37 | 690 | 714,821 | ||||
Norfolk Southern Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
5.590% | 05/17/25 | 120 | 120,770 | ||||
1,618,575 | |||||||
Total Corporate Bonds (cost $277,286,843) | 236,359,533 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Municipal Bonds — 0.5% | |||||||
Alabama — 0.0% | |||||||
Alabama Economic Settlement Authority, | |||||||
Taxable, Revenue Bonds, Series B | |||||||
4.263% | 09/15/32 | 180 | $169,277 | ||||
California — 0.2% | |||||||
Bay Area Toll Authority, | |||||||
Revenue Bonds, BABs, Series F2 | |||||||
6.263% | 04/01/49 | 1,305 | 1,486,589 | ||||
Taxable, Revenue Bonds | |||||||
2.574% | 04/01/31 | 415 | 358,561 | ||||
State of California, | |||||||
General Obligation Unlimited, BABs | |||||||
7.300% | 10/01/39 | 1,250 | 1,503,914 | ||||
General Obligation Unlimited, Taxable, BABs | |||||||
7.500% | 04/01/34 | 350 | 412,551 | ||||
7.625% | 03/01/40 | 205 | 252,323 | ||||
4,013,938 | |||||||
Colorado — 0.0% | |||||||
Regional Transportation District Sales Tax Revenue, | |||||||
Revenue Bonds, BABs, Series B | |||||||
5.844% | 11/01/50 | 565 | 614,281 | ||||
Illinois — 0.2% | |||||||
Chicago O’Hare International Airport, | |||||||
Revenue Bonds, BABs, Series B | |||||||
6.395% | 01/01/40 | 970 | 1,071,769 | ||||
State of Illinois, | |||||||
General Obligation Unlimited, Series D | |||||||
5.000% | 11/01/22 | 2,305 | 2,307,206 | ||||
3,378,975 | |||||||
New Jersey — 0.1% | |||||||
New Jersey Turnpike Authority, | |||||||
Taxable, Revenue Bonds, BABs, Series F | |||||||
7.414% | 01/01/40 | 1,000 | 1,217,252 | ||||
New York — 0.0% | |||||||
New York City Transitional Finance Authority Future Tax Secured Revenue, | |||||||
Taxable, Revenue Bonds, BABs | |||||||
5.767% | 08/01/36 | 1,050 | 1,068,605 | ||||
Ohio — 0.0% | |||||||
Ohio State University (The), | |||||||
Taxable, Revenue Bonds, BABs, Series C | |||||||
4.910% | 06/01/40 | 415 | 409,978 | ||||
Ohio Water Development Authority Water Pollution Control Loan Fund, | |||||||
Taxable, Revenue Bonds, BABs, Series B2 | |||||||
4.879% | 12/01/34 | 275 | 274,272 | ||||
684,250 | |||||||
Oregon — 0.0% | |||||||
State of Oregon Department of Transportation, | |||||||
Taxable, Revenue Bonds, BABs, Series A | |||||||
5.834% | 11/15/34 | 425 | 452,510 | ||||
Pennsylvania — 0.0% | |||||||
Pennsylvania Turnpike Commission, | |||||||
Revenue Bonds, BABs, Series B | |||||||
5.511% | 12/01/45 | 505 | 512,920 |
A21
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Municipal Bonds (continued) | |||||||
Virginia — 0.0% | |||||||
University of Virginia, | |||||||
Taxable, Revenue Bonds, Series C | |||||||
4.179% | 09/01/2117 | 355 | $278,703 | ||||
Total Municipal Bonds (cost $11,690,301) | 12,390,711 | ||||||
Residential Mortgage-Backed Securities — 1.7% | |||||||
Alternative Loan Trust, | |||||||
Series 2004-18CB, Class 3A1 | |||||||
5.250% | 09/25/35 | 10 | 10,339 | ||||
Banc of America Mortgage Trust, | |||||||
Series 2005-A, Class 2A1 | |||||||
2.540%(cc) | 02/25/35 | 41 | 40,212 | ||||
Bellemeade Re Ltd., | |||||||
Series 2021-02A, Class M1A, 144A, 30 Day Average SOFR + 1.200% (Cap N/A, Floor 1.200%) | |||||||
3.481%(c) | 06/25/31 | 1,536 | 1,514,129 | ||||
Series 2021-03A, Class A2, 144A, 30 Day Average SOFR + 1.000% (Cap N/A, Floor 1.000%) | |||||||
3.281%(c) | 09/25/31 | 1,500 | 1,410,001 | ||||
Series 2021-03A, Class M1A, 144A, 30 Day Average SOFR + 1.000% (Cap N/A, Floor 1.000%) | |||||||
3.281%(c) | 09/25/31 | 1,037 | 1,021,831 | ||||
Series 2022-01, Class M1A, 144A, 30 Day Average SOFR + 1.750% (Cap N/A, Floor 1.750%) | |||||||
4.031%(c) | 01/26/32 | 2,270 | 2,248,733 | ||||
Chase Mortgage Finance Trust, | |||||||
Series 2007-A01, Class 1A5 | |||||||
3.094%(cc) | 02/25/37 | 77 | 74,835 | ||||
Credit Suisse Mortgage Trust, | |||||||
Series 2018-RPL09, Class A, 144A | |||||||
3.850%(cc) | 09/25/57 | 534 | 503,094 | ||||
Eagle Re Ltd., | |||||||
Series 2021-02, Class M1A, 144A, 30 Day Average SOFR + 1.550% (Cap N/A, Floor 1.550%) | |||||||
3.831%(c) | 04/25/34 | 3,840 | 3,810,814 | ||||
Fannie Mae REMIC, | |||||||
Series 2014-73, Class CZ | |||||||
3.000% | 11/25/44 | 2,563 | 2,249,330 | ||||
Series 2020-24, Class SP, IO, 1 Month LIBOR + 6.050% (Cap 6.050%, Floor 0.000%) | |||||||
2.966%(c) | 04/25/50 | 838 | 94,145 | ||||
Series 2021-03, Class JI, IO | |||||||
2.500% | 02/25/51 | 2,452 | 327,686 | ||||
FHLMC Structured Agency Credit Risk Debt Notes, | |||||||
Series 2020-HQA05, Class M2, 144A, 30 Day Average SOFR + 2.600% (Cap N/A, Floor 0.000%) | |||||||
4.881%(c) | 11/25/50 | 1,337 | 1,322,404 | ||||
FHLMC Structured Agency Credit Risk REMIC Trust, | |||||||
Series 2020-HQA03, Class M2, 144A, 1 Month LIBOR + 3.600% (Cap N/A, Floor 0.000%) | |||||||
6.684%(c) | 07/25/50 | 23 | 22,580 | ||||
Series 2020-HQA04, Class B1, 144A, 1 Month LIBOR + 5.250% (Cap N/A, Floor 0.000%) | |||||||
8.334%(c) | 09/25/50 | 155 | 154,032 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Residential Mortgage-Backed Securities (continued) | |||||||
Series 2021-DNA03, Class M2, 144A, 30 Day Average SOFR + 2.100% (Cap N/A, Floor 0.000%) | |||||||
4.381%(c) | 10/25/33 | 2,005 | $1,909,716 | ||||
Series 2021-DNA05, Class M2, 144A, 30 Day Average SOFR + 1.650% (Cap N/A, Floor 0.000%) | |||||||
3.931%(c) | 01/25/34 | 182 | 177,820 | ||||
Series 2021-HQA03, Class M1, 144A, 30 Day Average SOFR + 0.850% (Cap N/A, Floor 0.000%) | |||||||
3.131%(c) | 09/25/41 | 4,489 | 4,328,446 | ||||
Series 2022-DNA01, Class M1A, 144A, 30 Day Average SOFR + 1.000% (Cap N/A, Floor 0.000%) | |||||||
3.281%(c) | 01/25/42 | 1,186 | 1,151,727 | ||||
Freddie Mac REMIC, | |||||||
Series 4117, Class ZC | |||||||
3.000% | 10/15/42 | 2,252 | 2,014,303 | ||||
Series 4535, Class PA | |||||||
3.000% | 03/15/44 | 392 | 368,301 | ||||
Series 4680, Class GZ | |||||||
3.500% | 03/15/47 | 1,205 | 1,056,474 | ||||
Series 5021, Class SB, IO, 30 Day Average SOFR + 3.550% (Cap 3.550%, Floor 0.000%) | |||||||
1.269%(c) | 10/25/50 | 1,984 | 75,763 | ||||
Series 5023, Class IO, IO | |||||||
2.000% | 10/25/50 | 921 | 107,814 | ||||
Series 5222, Class SA, IO, 30 Day Average SOFR + 3.500% (Cap 3.500%, Floor 0.000%) | |||||||
1.219%(c) | 05/25/52 | 328 | 6,796 | ||||
Government National Mortgage Assoc., | |||||||
Series 2019-69, Class KB | |||||||
3.000% | 06/20/49 | 2,400 | 1,915,169 | ||||
Series 2021-165, Class ST, IO, 1 Month LIBOR + 3.360% (Cap 0.020%, Floor 0.000%) | |||||||
0.020%(c) | 01/20/50 | 477 | 158 | ||||
Series 2021-177, Class SB, IO, 30 Day Average SOFR + 3.200% (Cap 3.200%, Floor 0.000%) | |||||||
0.916%(c) | 10/20/51 | 2,157 | 43,921 | ||||
Series 2021-205, Class DS, IO, 30 Day Average SOFR + 3.200% (Cap 3.200%, Floor 0.000%) | |||||||
0.916%(c) | 11/20/51 | 3,541 | 72,230 | ||||
Series 2022-126, Class CS, IO, 30 Day Average SOFR + 3.760% (Cap 3.760%, Floor 0.000%) | |||||||
1.476%(c) | 07/20/52 | 4,482 | 61,316 | ||||
Series 2022-148, Class DS, IO, 30 Day Average SOFR + 3.600% (Cap 3.600%, Floor 0.000%) | |||||||
1.316%(c) | 08/20/52 | 1,647 | 24,235 | ||||
Series 2022-46, Class S, IO, 30 Day Average SOFR + 3.500% (Cap 3.500%, Floor 0.000%) | |||||||
1.216%(c) | 03/20/52 | 861 | 16,763 | ||||
Series 2022-51, Class SC, IO, 30 Day Average SOFR + 3.500% (Cap 3.500%, Floor 0.000%) | |||||||
1.216%(c) | 03/20/52 | 3,969 | 70,731 | ||||
Series 2022-66, Class SB, IO, 30 Day Average SOFR + 3.850% (Cap 3.850%, Floor 0.000%) | |||||||
1.566%(c) | 04/20/52 | 1,347 | 30,056 |
A22
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Residential Mortgage-Backed Securities (continued) | |||||||
Series 2022-68, Class SP, IO, 30 Day Average SOFR + 3.850% (Cap 3.850%, Floor 0.000%) | |||||||
1.566%(c) | 04/20/52 | 1,051 | $22,133 | ||||
Series 2022-78, Class MS, IO, 30 Day Average SOFR + 3.600% (Cap 3.600%, Floor 0.000%) | |||||||
1.316%(c) | 04/20/52 | 3,449 | 59,930 | ||||
Series 2022-78, Class SB, IO, 30 Day Average SOFR + 3.750% (Cap 3.750%, Floor 0.000%) | |||||||
1.466%(c) | 04/20/52 | 2,335 | 48,334 | ||||
Series 2022-93, Class GS, IO, 30 Day Average SOFR + 3.650% (Cap 3.650%, Floor 0.000%) | |||||||
1.366%(c) | 05/20/52 | 748 | 13,231 | ||||
Home Re Ltd., | |||||||
Series 2019-01, Class M1, 144A, 1 Month LIBOR + 1.650% (Cap N/A, Floor 0.000%) | |||||||
4.734%(c) | 05/25/29 | 116 | 115,215 | ||||
Series 2021-02, Class M1A, 144A, 30 Day Average SOFR + 1.250% (Cap N/A, Floor 0.000%) | |||||||
3.531%(c) | 01/25/34 | 590 | 587,331 | ||||
JPMorgan Mortgage Trust, | |||||||
Series 2007-A01, Class 4A1 | |||||||
3.940%(cc) | 07/25/35 | 25 | 24,081 | ||||
Legacy Mortgage Asset Trust, | |||||||
Series 2021-GS01, Class A1, 144A | |||||||
1.892% | 10/25/66 | 246 | 226,445 | ||||
MFA Trust, | |||||||
Series 2021-RPL01, Class A1, 144A | |||||||
1.131%(cc) | 07/25/60 | 1,887 | 1,676,247 | ||||
Mill City Mortgage Loan Trust, | |||||||
Series 2017-03, Class A1, 144A | |||||||
2.750%(cc) | 01/25/61 | 315 | 309,930 | ||||
New Residential Mortgage Loan Trust, | |||||||
Series 2018-04A, Class A1S, 144A, 1 Month LIBOR + 0.750% (Cap N/A, Floor 0.750%) | |||||||
3.834%(c) | 01/25/48 | 180 | 173,776 | ||||
Oaktown Re II Ltd., | |||||||
Series 2018-01A, Class M1, 144A, 1 Month LIBOR + 1.550% (Cap N/A, Floor 0.000%) | |||||||
4.634%(c) | 07/25/28 | 103 | 103,143 | ||||
Oaktown Re VII Ltd., | |||||||
Series 2021-02, Class M1A, 144A, 30 Day Average SOFR + 1.600% (Cap N/A, Floor 1.600%) | |||||||
3.881%(c) | 04/25/34 | 2,700 | 2,638,546 | ||||
PMT Credit Risk Transfer Trust, | |||||||
Series 2020-02R, Class A, 144A, 1 Month LIBOR + 3.815% (Cap N/A, Floor 3.815%) | |||||||
6.928%(c) | 12/25/22 | 1,141 | 1,106,328 | ||||
Series 2021-01R, Class A, 144A, 1 Month LIBOR + 2.900% (Cap N/A, Floor 2.900%) | |||||||
5.984%(c) | 02/27/24 | 1,829 | 1,789,340 | ||||
Seasoned Credit Risk Transfer Trust, | |||||||
Series 2019-02, Class MA | |||||||
3.500% | 08/25/58 | 810 | 772,290 | ||||
Structured Adjustable Rate Mortgage Loan Trust, | |||||||
Series 2004-01, Class 4A3 | |||||||
3.624%(cc) | 02/25/34 | 66 | 63,089 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Residential Mortgage-Backed Securities (continued) | |||||||
TFS (Spain), | |||||||
Series 2018-03, Class A1 | |||||||
0.000%(s) | 04/16/40^ | EUR | —(r) | $1,049 | |||
Towd Point Mortgage Trust, | |||||||
Series 2017-05, Class A1, 144A, 1 Month LIBOR + 0.600% (Cap N/A, Floor 0.000%) | |||||||
3.684%(c) | 02/25/57 | 513 | 507,299 | ||||
Series 2020-04, Class A1, 144A | |||||||
1.750% | 10/25/60 | 609 | 542,044 | ||||
Total Residential Mortgage-Backed Securities (cost $42,033,281) | 39,015,685 | ||||||
Sovereign Bonds — 0.5% | |||||||
Abu Dhabi Government International Bond (United Arab Emirates), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.125% | 10/11/27 | 2,420 | 2,256,347 | ||||
Bermuda Government International Bond (Bermuda), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
2.375% | 08/20/30 | 465 | 368,600 | ||||
Colombia Government International Bond (Colombia), | |||||||
Sr. Unsec’d. Notes | |||||||
4.500% | 01/28/26 | 220 | 201,410 | ||||
Export-Import Bank of India (India), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.875% | 02/01/28(a) | 745 | 678,792 | ||||
Finnvera OYJ (Finland), | |||||||
Gov’t. Gtd. Notes, 144A, MTN | |||||||
2.375% | 06/04/25 | 400 | 378,987 | ||||
Indonesia Government International Bond (Indonesia), | |||||||
Sr. Unsec’d. Notes | |||||||
1.450% | 09/18/26 | EUR | 1,510 | 1,314,129 | |||
3.375% | 07/30/25 | EUR | 1,200 | 1,152,024 | |||
Japan Bank for International Cooperation (Japan), | |||||||
Gov’t. Gtd. Notes | |||||||
3.375% | 10/31/23 | 200 | 197,701 | ||||
Japan Finance Organization for Municipalities (Japan), | |||||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
2.125% | 10/25/23 | 1,000 | 978,243 | ||||
3.000% | 03/12/24 | 200 | 195,479 | ||||
Panama Government International Bond (Panama), | |||||||
Sr. Unsec’d. Notes | |||||||
4.500% | 04/16/50 | 340 | 235,089 | ||||
Peruvian Government International Bond (Peru), | |||||||
Sr. Unsec’d. Notes | |||||||
2.783% | 01/23/31 | 514 | 406,959 | ||||
Qatar Government International Bond (Qatar), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.103% | 04/23/48 | 665 | 643,387 | ||||
Saudi Government International Bond (Saudi Arabia), | |||||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
2.875% | 03/04/23 | 1,285 | 1,273,756 | ||||
Tokyo Metropolitan Government (Japan), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.250% | 06/01/23 | 600 | 595,505 |
A23
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Sovereign Bonds (continued) | |||||||
Uruguay Government International Bond (Uruguay), | |||||||
Sr. Unsec’d. Notes | |||||||
5.100% | 06/18/50 | 395 | $359,771 | ||||
Total Sovereign Bonds (cost $12,342,223) | 11,236,179 | ||||||
U.S. Government Agency Obligations — 10.1% | |||||||
Federal Home Loan Bank | |||||||
5.500% | 07/15/36 | 850 | 946,126 | ||||
Federal Home Loan Mortgage Corp. | |||||||
1.500% | 11/01/50 | 1,272 | 976,898 | ||||
2.000% | 01/01/32 | 395 | 354,533 | ||||
2.000% | 02/01/36 | 961 | 847,852 | ||||
2.000% | 06/01/40 | 759 | 636,102 | ||||
2.000% | 10/01/40 | 1,264 | 1,058,683 | ||||
2.000% | 09/01/50 | 2,884 | 2,349,385 | ||||
2.000% | 03/01/51 | 936 | 761,902 | ||||
2.000% | 09/01/51 | 491 | 399,711 | ||||
2.000% | 10/01/51 | 494 | 401,792 | ||||
2.500% | 03/01/30 | 220 | 204,292 | ||||
2.500% | 03/01/51 | 688 | 582,397 | ||||
2.500% | 04/01/51 | 5,713 | 4,823,836 | ||||
2.500% | 08/01/51 | 494 | 416,087 | ||||
2.500% | 08/01/51 | 2,665 | 2,245,331 | ||||
2.500% | 09/01/51 | 1,879 | 1,584,074 | ||||
2.500% | 09/01/51 | 4,538 | 3,824,674 | ||||
2.500% | 12/01/51 | 2,943 | 2,477,536 | ||||
3.000% | 10/01/28 | 146 | 140,295 | ||||
3.000% | 06/01/29 | 323 | 307,087 | ||||
3.000% | 01/01/37 | 87 | 79,784 | ||||
3.000% | 06/01/42 | 142 | 127,384 | ||||
3.000% | 10/01/42 | 349 | 313,415 | ||||
3.000% | 01/01/43 | 329 | 294,857 | ||||
3.000% | 07/01/43 | 885 | 792,215 | ||||
3.000% | 11/01/49 | 1,173 | 1,028,740 | ||||
3.000% | 02/01/50 | 1,453 | 1,274,775 | ||||
3.000% | 05/01/50 | 304 | 265,679 | ||||
3.000% | 02/01/52 | 3,959 | 3,459,337 | ||||
3.500% | 06/01/42 | 150 | 138,057 | ||||
3.500% | 01/01/47 | 244 | 224,164 | ||||
3.500% | 02/01/47 | 411 | 376,989 | ||||
4.000% | 06/01/26 | 128 | 123,572 | ||||
4.000% | 09/01/26 | 48 | 46,435 | ||||
4.000% | 03/01/38 | 171 | 161,842 | ||||
4.000% | 10/01/39 | 281 | 267,988 | ||||
4.000% | 09/01/40 | 339 | 323,542 | ||||
4.000% | 12/01/40 | 159 | 151,705 | ||||
4.000% | 10/01/41 | 147 | 140,134 | ||||
4.000% | 01/01/42 | 49 | 46,302 | ||||
4.000% | 04/01/52 | 975 | 910,680 | ||||
4.500% | 02/01/39 | 38 | 37,347 | ||||
4.500% | 09/01/39 | 59 | 57,653 | ||||
4.500% | 10/01/39 | 506 | 496,749 | ||||
4.500% | 12/01/39 | 52 | 51,328 | ||||
4.500% | 07/01/41 | 67 | 64,570 | ||||
4.500% | 07/01/41 | 1,078 | 1,057,244 | ||||
4.500% | 08/01/41 | 106 | 101,921 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
4.500% | 08/01/41 | 108 | $103,179 | ||||
4.500% | 08/01/41 | 171 | 165,287 | ||||
4.500% | 10/01/41 | 98 | 93,731 | ||||
4.500% | 12/01/47 | 95 | 92,240 | ||||
4.500% | 08/01/48 | 202 | 195,486 | ||||
5.000% | 05/01/34 | 12 | 11,992 | ||||
5.000% | 05/01/34 | 144 | 144,877 | ||||
5.000% | 10/01/35 | 3 | 3,275 | ||||
5.000% | 07/01/37 | 184 | 185,275 | ||||
5.000% | 05/01/39 | 28 | 27,872 | ||||
5.500% | 12/01/33 | 32 | 31,442 | ||||
5.500% | 01/01/34 | 29 | 29,217 | ||||
5.500% | 06/01/34 | 38 | 38,610 | ||||
5.500% | 07/01/34 | 90 | 92,696 | ||||
5.500% | 05/01/37 | 25 | 25,670 | ||||
5.500% | 02/01/38 | 192 | 198,739 | ||||
5.500% | 05/01/38 | 22 | 22,256 | ||||
5.500% | 07/01/38 | 51 | 53,144 | ||||
6.000% | 03/01/32 | 117 | 119,804 | ||||
6.000% | 12/01/33 | 22 | 22,317 | ||||
6.000% | 11/01/36 | 25 | 25,526 | ||||
6.000% | 01/01/37 | 22 | 22,883 | ||||
6.000% | 05/01/37 | 11 | 11,927 | ||||
6.000% | 02/01/38 | 2 | 1,998 | ||||
6.000% | 08/01/39 | 31 | 33,064 | ||||
6.750% | 03/15/31 | 550 | 650,735 | ||||
7.000% | 05/01/31 | 3 | 2,802 | ||||
7.000% | 06/01/31 | 11 | 11,095 | ||||
7.000% | 08/01/31 | 90 | 92,412 | ||||
7.000% | 10/01/31 | 5 | 5,484 | ||||
Federal National Mortgage Assoc. | |||||||
1.500% | 02/01/42 | 486 | 387,209 | ||||
1.500% | 11/01/50 | 3,348 | 2,576,460 | ||||
1.500% | 12/01/50 | 3,513 | 2,702,244 | ||||
2.000% | 08/01/31 | 381 | 341,372 | ||||
2.000% | 02/01/41 | 1,608 | 1,346,847 | ||||
2.000% | 05/01/41(k) | 3,543 | 2,968,420 | ||||
2.000% | 08/01/50 | 1,180 | 962,886 | ||||
2.000% | 10/01/50(h) | 6,673 | 5,441,371 | ||||
2.000% | 11/01/50 | 1,604 | 1,307,661 | ||||
2.000% | 03/01/51 | 3,232 | 2,632,210 | ||||
2.000% | 05/01/51 | 2,864 | 2,331,514 | ||||
2.000% | 08/01/51 | 1,001 | 814,537 | ||||
2.000% | 10/01/51 | 3,016 | 2,451,515 | ||||
2.500% | TBA | 5,500 | 4,601,416 | ||||
2.500% | TBA | 12,500 | 10,485,107 | ||||
2.500% | 10/01/43 | 344 | 292,813 | ||||
2.500% | 12/01/46 | 717 | 613,456 | ||||
2.500% | 03/01/50 | 710 | 600,795 | ||||
2.500% | 08/01/50 | 2,502 | 2,115,894 | ||||
2.500% | 04/01/51 | 2,875 | 2,428,174 | ||||
2.500% | 08/01/51 | 976 | 822,808 | ||||
2.500% | 08/01/51 | 1,484 | 1,251,203 | ||||
2.500% | 10/01/51 | 536 | 451,334 | ||||
2.500% | 11/01/51 | 2,486 | 2,094,009 | ||||
2.500% | 02/01/52 | 488 | 411,987 | ||||
2.500% | 03/01/52 | 506 | 425,641 |
A24
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
2.500% | 05/01/52 | 1,468 | $1,239,731 | ||||
3.000% | TBA | 23,500 | 20,441,183 | ||||
3.000% | 02/01/27 | 503 | 488,889 | ||||
3.000% | 08/01/30 | 452 | 426,422 | ||||
3.000% | 11/01/36 | 669 | 610,255 | ||||
3.000% | 12/01/42 | 589 | 528,017 | ||||
3.000% | 03/01/43 | 123 | 109,896 | ||||
3.000% | 11/01/46 | 428 | 379,765 | ||||
3.000% | 01/01/47 | 636 | 564,166 | ||||
3.000% | 02/01/47 | 675 | 599,634 | ||||
3.000% | 03/01/47 | 354 | 314,486 | ||||
3.000% | 06/01/49 | 15 | 13,121 | ||||
3.000% | 12/01/49 | 1,334 | 1,170,118 | ||||
3.000% | 01/01/50 | 488 | 427,812 | ||||
3.000% | 02/01/50 | 500 | 437,943 | ||||
3.000% | 02/01/50 | 2,739 | 2,405,907 | ||||
3.000% | 03/01/50 | 278 | 243,287 | ||||
3.000% | 03/01/52 | 968 | 846,126 | ||||
3.000% | 04/01/52 | 491 | 428,526 | ||||
3.000% | 04/01/52 | 993 | 870,127 | ||||
3.000% | 10/01/52 | 500 | 436,168 | ||||
3.500% | TBA | 9,000 | 8,093,380 | ||||
3.500% | TBA | 13,500 | 12,148,945 | ||||
3.500% | 07/01/31 | 374 | 354,947 | ||||
3.500% | 02/01/33 | 889 | 842,497 | ||||
3.500% | 06/01/39 | 265 | 244,062 | ||||
3.500% | 01/01/42 | 1,588 | 1,459,666 | ||||
3.500% | 05/01/42 | 798 | 732,876 | ||||
3.500% | 07/01/42 | 414 | 380,096 | ||||
3.500% | 08/01/42 | 160 | 146,728 | ||||
3.500% | 08/01/42 | 396 | 363,662 | ||||
3.500% | 09/01/42 | 224 | 206,077 | ||||
3.500% | 09/01/42 | 830 | 762,255 | ||||
3.500% | 11/01/42 | 114 | 104,323 | ||||
3.500% | 03/01/43 | 1,291 | 1,183,331 | ||||
3.500% | 04/01/43 | 253 | 232,264 | ||||
3.500% | 04/01/43 | 358 | 328,625 | ||||
3.500% | 01/01/46 | 638 | 591,821 | ||||
3.500% | 07/01/46 | 458 | 420,319 | ||||
3.500% | 11/01/46 | 540 | 495,268 | ||||
3.500% | 09/01/47 | 278 | 254,604 | ||||
3.500% | 01/01/48 | 2,356 | 2,155,159 | ||||
3.500% | 05/01/48 | 474 | 432,940 | ||||
3.500% | 06/01/48 | 474 | 433,548 | ||||
3.500% | 07/01/48 | 286 | 261,102 | ||||
3.500% | 03/01/49 | 5,578 | 5,080,022 | ||||
3.500% | 05/01/49 | 420 | 381,970 | ||||
3.500% | 06/01/49 | 232 | 212,497 | ||||
4.000% | 10/01/41 | 1,108 | 1,056,125 | ||||
4.000% | 09/01/44 | 706 | 670,983 | ||||
4.000% | 10/01/46 | 252 | 238,045 | ||||
4.000% | 02/01/47 | 130 | 123,140 | ||||
4.000% | 09/01/47 | 440 | 416,361 | ||||
4.000% | 11/01/47 | 308 | 292,083 | ||||
4.000% | 11/01/47 | 619 | 587,121 | ||||
4.000% | 03/01/49 | 2,819 | 2,664,597 | ||||
4.000% | 04/01/52 | 498 | 462,322 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
4.000% | 05/01/52 | 1,496 | $1,390,583 | ||||
4.500% | TBA | 2,000 | 1,905,156 | ||||
4.500% | TBA | 1,500 | 1,427,127 | ||||
4.500% | 07/01/33 | 22 | 21,376 | ||||
4.500% | 08/01/33 | 24 | 23,506 | ||||
4.500% | 09/01/33 | 52 | 50,193 | ||||
4.500% | 10/01/33 | 3 | 2,666 | ||||
4.500% | 10/01/33 | 19 | 18,573 | ||||
4.500% | 10/01/33 | 57 | 55,402 | ||||
4.500% | 01/01/35 | 1 | 697 | ||||
4.500% | 07/01/39 | 412 | 403,205 | ||||
4.500% | 08/01/39 | 576 | 563,650 | ||||
4.500% | 03/01/41 | 192 | 188,243 | ||||
4.500% | 11/01/47 | 984 | 953,356 | ||||
4.500% | 01/01/49 | 158 | 152,201 | ||||
5.000% | TBA | 7,500 | 7,294,960 | ||||
5.000% | 03/01/34 | 117 | 117,853 | ||||
5.000% | 06/01/35 | 42 | 41,863 | ||||
5.000% | 07/01/35 | 55 | 55,506 | ||||
5.000% | 09/01/35 | 44 | 44,568 | ||||
5.000% | 11/01/35 | 56 | 56,544 | ||||
5.000% | 02/01/36 | 51 | 50,926 | ||||
5.000% | 05/01/36 | 25 | 25,500 | ||||
5.500% | 09/01/33 | 98 | 100,856 | ||||
5.500% | 10/01/33 | 46 | 46,618 | ||||
5.500% | 12/01/33 | 29 | 29,719 | ||||
5.500% | 01/01/34 | 1 | 623 | ||||
5.500% | 12/01/34 | 95 | 97,876 | ||||
5.500% | 10/01/35 | 202 | 202,831 | ||||
5.500% | 03/01/36 | 44 | 44,767 | ||||
5.500% | 05/01/36 | 89 | 90,921 | ||||
5.500% | 04/01/37 | 46 | 47,542 | ||||
6.000% | 04/01/33 | 8 | 7,670 | ||||
6.000% | 06/01/33 | 3 | 2,830 | ||||
6.000% | 10/01/33 | 176 | 181,340 | ||||
6.000% | 11/01/33 | 2 | 2,084 | ||||
6.000% | 11/01/33 | 8 | 8,099 | ||||
6.000% | 11/01/33 | 40 | 41,005 | ||||
6.000% | 01/01/34 | 183 | 189,874 | ||||
6.000% | 02/01/34 | 35 | 35,741 | ||||
6.000% | 03/01/34 | 18 | 17,842 | ||||
6.000% | 03/01/34 | 22 | 22,202 | ||||
6.000% | 07/01/34 | 121 | 125,709 | ||||
6.000% | 08/01/34 | 1 | 530 | ||||
6.000% | 10/01/34 | 2 | 1,961 | ||||
6.000% | 11/01/34 | 2 | 2,278 | ||||
6.000% | 11/01/34 | 7 | 7,159 | ||||
6.000% | 01/01/35 | 47 | 48,047 | ||||
6.000% | 01/01/35 | 92 | 93,872 | ||||
6.000% | 02/01/35 | 35 | 35,126 | ||||
6.000% | 02/01/35 | 116 | 120,927 | ||||
6.000% | 03/01/35 | 1 | 1,025 | ||||
6.000% | 04/01/35 | —(r) | 464 | ||||
6.000% | 07/01/36 | 17 | 18,363 | ||||
6.000% | 02/01/37 | 38 | 39,464 | ||||
6.000% | 05/01/37 | 14 | 14,751 | ||||
6.000% | 06/01/37 | —(r) | 286 |
A25
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
6.000% | 08/01/37 | 7 | $7,336 | ||||
6.000% | 09/01/37 | —(r) | 202 | ||||
6.000% | 10/01/37 | 26 | 27,656 | ||||
6.000% | 05/01/38 | 32 | 33,640 | ||||
6.000% | 06/01/38 | 1 | 749 | ||||
6.500% | 07/01/32 | 27 | 27,699 | ||||
6.500% | 09/01/32 | 1 | 1,345 | ||||
6.500% | 09/01/32 | 36 | 36,649 | ||||
6.500% | 09/01/32 | 38 | 39,231 | ||||
6.500% | 09/01/32 | 45 | 46,570 | ||||
6.500% | 04/01/33 | 41 | 43,073 | ||||
6.500% | 11/01/33 | 19 | 19,113 | ||||
6.500% | 01/01/34 | 19 | 19,679 | ||||
6.500% | 09/01/34 | 41 | 42,667 | ||||
6.500% | 09/01/36 | 41 | 42,698 | ||||
6.500% | 10/01/36 | 11 | 11,325 | ||||
6.500% | 11/01/36 | 19 | 19,264 | ||||
6.500% | 01/01/37 | 36 | 36,860 | ||||
6.500% | 01/01/37 | 54 | 55,990 | ||||
6.625% | 11/15/30 | 1,140 | 1,334,432 | ||||
7.000% | 02/01/32 | 10 | 9,737 | ||||
7.000% | 05/01/32 | 9 | 9,557 | ||||
7.000% | 06/01/32 | 9 | 9,562 | ||||
7.000% | 07/01/32 | 31 | 31,727 | ||||
7.125% | 01/15/30(k) | 3,195 | 3,787,654 | ||||
Government National Mortgage Assoc. | |||||||
2.000% | 03/20/51 | 802 | 672,627 | ||||
2.000% | 07/20/51 | 486 | 407,112 | ||||
2.000% | 10/20/51 | 701 | 586,704 | ||||
2.500% | 03/20/43 | 139 | 119,627 | ||||
2.500% | 12/20/46 | 248 | 213,785 | ||||
2.500% | 05/20/51 | 409 | 353,135 | ||||
2.500% | 08/20/51 | 715 | 617,151 | ||||
2.500% | 11/20/51 | 466 | 401,786 | ||||
3.000% | 12/20/44 | 92 | 82,646 | ||||
3.000% | 03/15/45 | 256 | 227,439 | ||||
3.000% | 11/20/45 | 282 | 253,361 | ||||
3.000% | 03/20/46 | 581 | 522,480 | ||||
3.000% | 07/20/46 | 1,473 | 1,322,854 | ||||
3.000% | 08/20/46 | 390 | 349,361 | ||||
3.000% | 10/20/46 | 341 | 305,169 | ||||
3.000% | 04/20/47 | 478 | 428,719 | ||||
3.000% | 12/20/49 | 163 | 145,118 | ||||
3.000% | 01/20/50 | 960 | 855,499 | ||||
3.000% | 06/20/51 | 698 | 618,549 | ||||
3.000% | 10/20/51 | 1,459 | 1,292,072 | ||||
3.000% | 12/20/51 | 2,849 | 2,523,157 | ||||
3.000% | 04/20/52 | 985 | 872,101 | ||||
3.500% | TBA | 6,500 | 5,911,699 | ||||
3.500% | 12/20/42 | 558 | 517,664 | ||||
3.500% | 05/20/43 | 170 | 158,296 | ||||
3.500% | 04/20/45 | 491 | 456,040 | ||||
3.500% | 07/20/46 | 1,775 | 1,640,115 | ||||
3.500% | 07/20/48 | 1,373 | 1,264,390 | ||||
3.500% | 11/20/48 | 454 | 417,829 | ||||
3.500% | 06/20/49 | 1,703 | 1,556,693 | ||||
4.000% | TBA | 1,500 | 1,400,684 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
4.000% | 06/15/40 | 32 | $30,543 | ||||
4.000% | 05/20/41 | 29 | 27,340 | ||||
4.000% | 12/20/42 | 318 | 303,352 | ||||
4.000% | 08/20/44 | 115 | 109,023 | ||||
4.000% | 11/20/45 | 219 | 208,455 | ||||
4.000% | 12/20/45 | 599 | 570,271 | ||||
4.000% | 09/20/47 | 1,641 | 1,561,679 | ||||
4.000% | 02/20/49 | 600 | 567,007 | ||||
4.000% | 01/20/50 | 235 | 222,092 | ||||
4.500% | TBA | 1,000 | 957,148 | ||||
4.500% | 04/15/40 | 183 | 179,975 | ||||
4.500% | 01/20/41 | 215 | 214,201 | ||||
4.500% | 02/20/41 | 338 | 329,890 | ||||
4.500% | 03/20/41 | 169 | 167,449 | ||||
4.500% | 06/20/44 | 250 | 249,178 | ||||
4.500% | 09/20/46 | 207 | 200,542 | ||||
4.500% | 11/20/46 | 266 | 264,480 | ||||
4.500% | 03/20/47 | 146 | 142,773 | ||||
4.500% | 05/20/48 | 234 | 227,757 | ||||
4.500% | 08/20/48 | 413 | 400,956 | ||||
5.000% | 10/20/37 | 59 | 60,221 | ||||
5.000% | 04/20/45 | 290 | 292,299 | ||||
5.500% | 08/15/33 | 115 | 116,379 | ||||
5.500% | 08/15/33 | 152 | 153,847 | ||||
5.500% | 09/15/33 | 34 | 34,705 | ||||
5.500% | 12/15/33 | 8 | 8,252 | ||||
5.500% | 03/15/34 | 100 | 101,169 | ||||
5.500% | 12/15/34 | 187 | 196,170 | ||||
5.500% | 07/15/35 | 31 | 32,723 | ||||
5.500% | 04/15/36 | 40 | 40,864 | ||||
6.000% | 04/15/33 | 4 | 4,611 | ||||
6.000% | 12/15/33 | 65 | 66,945 | ||||
6.000% | 01/15/34 | 18 | 18,557 | ||||
6.000% | 01/15/34 | 19 | 19,405 | ||||
6.000% | 01/15/34 | 35 | 37,128 | ||||
6.000% | 06/20/34 | 60 | 63,230 | ||||
6.000% | 07/15/34 | 44 | 46,803 | ||||
6.500% | 10/15/23 | —(r) | 128 | ||||
6.500% | 12/15/23 | —(r) | 423 | ||||
6.500% | 01/15/24 | —(r) | 120 | ||||
6.500% | 01/15/24 | 1 | 1,043 | ||||
6.500% | 01/15/24 | 2 | 2,450 | ||||
6.500% | 01/15/24 | 3 | 2,891 | ||||
6.500% | 01/15/24 | 3 | 3,056 | ||||
6.500% | 01/15/24 | 9 | 8,921 | ||||
6.500% | 02/15/24 | —(r) | 353 | ||||
6.500% | 02/15/24 | 1 | 540 | ||||
6.500% | 02/15/24 | 1 | 1,240 | ||||
6.500% | 02/15/24 | 2 | 1,591 | ||||
6.500% | 02/15/24 | 2 | 1,951 | ||||
6.500% | 03/15/24 | —(r) | 47 | ||||
6.500% | 03/15/24 | —(r) | 329 | ||||
6.500% | 04/15/24 | —(r) | 125 | ||||
6.500% | 04/15/24 | —(r) | 490 | ||||
6.500% | 04/15/24 | 1 | 519 | ||||
6.500% | 04/15/24 | 1 | 658 | ||||
6.500% | 04/15/24 | 2 | 2,476 |
A26
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
6.500% | 04/15/24 | 3 | $2,604 | ||||
6.500% | 05/15/24 | 1 | 843 | ||||
6.500% | 05/15/24 | 1 | 1,255 | ||||
6.500% | 05/15/24 | 3 | 3,087 | ||||
6.500% | 10/15/24 | 3 | 2,767 | ||||
6.500% | 11/15/28 | 3 | 2,677 | ||||
6.500% | 08/15/31 | 3 | 2,971 | ||||
6.500% | 12/15/31 | 5 | 5,675 | ||||
6.500% | 02/15/32 | 21 | 21,432 | ||||
6.500% | 06/15/32 | 11 | 11,003 | ||||
6.500% | 07/15/32 | 18 | 18,962 | ||||
6.500% | 08/15/32 | 3 | 3,258 | ||||
6.500% | 08/15/32 | 3 | 3,631 | ||||
6.500% | 08/15/32 | 6 | 6,724 | ||||
6.500% | 08/15/32 | 22 | 22,290 | ||||
6.500% | 08/15/32 | 105 | 108,840 | ||||
6.500% | 08/15/34 | 19 | 19,895 | ||||
6.500% | 06/15/35 | 19 | 19,991 | ||||
6.500% | 09/15/36 | 20 | 21,015 | ||||
8.000% | 01/15/24 | 2 | 1,708 | ||||
Tennessee Valley Authority, Sr. Unsec’d. Notes | |||||||
1.500% | 09/15/31 | 200 | 158,179 | ||||
7.125% | 05/01/30 | 510 | 598,624 | ||||
Total U.S. Government Agency Obligations (cost $251,131,064) | 228,928,793 | ||||||
U.S. Treasury Obligations — 1.5% | |||||||
U.S. Treasury Bonds | |||||||
2.000% | 11/15/41(h) | 12,720 | 9,102,750 | ||||
2.250% | 05/15/41 | 10,220 | 7,724,084 | ||||
2.375% | 02/15/42(a) | 12,375 | 9,482,344 | ||||
2.500% | 05/15/46 | 1,485 | 1,124,887 | ||||
U.S. Treasury Notes | |||||||
2.375% | 03/31/29(k) | 705 | 638,576 | ||||
U.S. Treasury Strips Coupon | |||||||
1.760%(s) | 08/15/40 | 830 | 397,363 | ||||
2.000%(s) | 08/15/39 | 360 | 182,067 | ||||
2.378%(s) | 11/15/43 | 3,600 | 1,475,437 | ||||
2.628%(s) | 11/15/41 | 6,420 | 2,856,148 | ||||
Total U.S. Treasury Obligations (cost $44,137,553) | 32,983,656 | ||||||
Total Long-Term Investments (cost $1,319,224,349) | 1,982,892,714 |
Shares | |||||
Short-Term Investments — 18.9% | |||||
Affiliated Mutual Funds — 18.9% | |||||
PGIM Core Ultra Short Bond Fund(wa) | 363,414,453 | 363,414,453 | |||
PGIM Institutional Money Market Fund (cost $64,583,699; includes $64,413,083 of cash collateral for securities on loan)(b)(wa) | 64,708,423 | 64,663,127 | |||
Total Affiliated Mutual Funds (cost $427,998,152) | 428,077,580 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Treasury Obligations(n) — 0.0% | |||||||
U.S. Treasury Bills | |||||||
3.180% | 12/15/22(k) | 40 | $39,767 | ||||
3.180% | 12/15/22(k) | 80 | 79,535 | ||||
3.180% | 12/15/22(k) | 1,000 | 994,185 | ||||
Total U.S. Treasury Obligations (cost $1,112,680) | 1,113,487 |
Options Purchased*~ — 0.0% | |||||
(cost $87,168) | 139,219 | ||||
Total Short-Term Investments (cost $429,198,000) | 429,330,286 | ||||
TOTAL INVESTMENTS, BEFORE OPTIONS WRITTEN—106.3% (cost $1,748,422,349) | 2,412,223,000 |
Options Written*~ — (0.0)% | |||||
(premiums received $84,529) | (37,367) | ||||
TOTAL INVESTMENTS, NET OF OPTIONS WRITTEN—106.3% (cost $1,748,337,820) | 2,412,185,633 | ||||
Liabilities in excess of other assets(z) — (6.3)% | (143,219,484) | ||||
Net Assets — 100.0% | $2,268,966,149 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: | |
CAD | Canadian Dollar |
EUR | Euro |
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. |
BABs | Build America Bonds |
CDX | Credit Derivative Index |
CLO | Collateralized Loan Obligation |
CVA | Certificate Van Aandelen (Bearer) |
EAFE | Europe, Australasia, Far East |
ETF | Exchange-Traded Fund |
EURIBOR | Euro Interbank Offered Rate |
FHLMC | Federal Home Loan Mortgage Corporation |
GMTN | Global Medium Term Note |
IO | Interest Only (Principal amount represents notional) |
LIBOR | London Interbank Offered Rate |
LP | Limited Partnership |
M | Monthly payment frequency for swaps |
MSCI | Morgan Stanley Capital International |
MTN | Medium Term Note |
OTC | Over-the-counter |
PJSC | Public Joint-Stock Company |
PRFC | Preference Shares |
Q | Quarterly payment frequency for swaps |
A27
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2022 (unaudited) |
REITs | Real Estate Investment Trust |
REMIC | Real Estate Mortgage Investment Conduit |
S&P | Standard & Poor’s |
SOFR | Secured Overnight Financing Rate |
T | Swap payment upon termination |
TBA | To Be Announced |
USOIS | United States Overnight Index Swap |
* | Non-income producing security. |
# | Principal or notional amount is shown in U.S. dollars unless otherwise stated. |
~ | See tables subsequent to the Schedule of Investments for options detail. |
^ | Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $871,618 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 $62,525,811; cash collateral of $64,413,083 (included in liabilities) was received with which the Portfolio 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 Portfolio 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. |
(c) | Variable rate instrument. The interest rate shown reflects the rate in effect at September 30, 2022. |
(cc) | Variable rate instrument. The rate shown is based on the latest available information as of September 30, 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. |
(f) | Indicates a restricted security that is acquired in unregistered, private sales from the issuing company or from an affiliate of the issuer and is considered restricted as to disposition under federal securities law; the aggregate original cost of such securities is $2,750,000. The aggregate value of $2,701,458 is 0.1% of net assets. |
(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. |
(h) | Represents security, or a portion thereof, segregated as collateral for OTC derivatives. |
(k) | Represents security, or a portion thereof, segregated as collateral for centrally cleared/exchange-traded derivatives. |
(n) | Rate shown reflects yield to maturity at purchased date. |
(oo) | Perpetual security. Maturity date represents next call date. |
(r) | Principal or notional amount is less than $500 par. |
(s) | Represents zero coupon bond or principal only security. Rate represents yield to maturity at purchase date. |
(wa) | PGIM Investments LLC, the manager of the Portfolio, also serves as manager of the PGIM Core Ultra Short Bond Fund and PGIM Institutional Money Market Fund, if applicable. |
(z) | Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments: |
Options Purchased:
OTC Swaptions | |||||||||||||||||
Description | Call/ Put | Counterparty | Expiration Date | Strike | Receive | Pay | Notional Amount (000)# | Value | |||||||||
CDX.NA.IG.38.V1, 06/20/27 | Call | Barclays Bank PLC | 10/19/22 | 0.35% | 1.00%(Q) | CDX.NA.IG.38.V1(Q) | 2,410 | $— | |||||||||
CDX.NA.IG.38.V1, 06/20/27 | Call | BNP Paribas S.A. | 10/19/22 | 0.35% | 1.00%(Q) | CDX.NA.IG.38.V1(Q) | 2,790 | — | |||||||||
CDX.NA.IG.38.V1, 06/20/27 | Call | Deutsche Bank AG | 10/19/22 | 0.35% | 1.00%(Q) | CDX.NA.IG.38.V1(Q) | 2,800 | — | |||||||||
CDX.NA.IG.38.V1, 06/20/27 | Call | JPMorgan Chase Bank, N.A. | 10/19/22 | 0.35% | 1.00%(Q) | CDX.NA.IG.38.V1(Q) | 2,410 | — | |||||||||
CDX.NA.IG.38.V1, 06/20/27 | Call | Bank of America, N.A. | 11/16/22 | 0.35% | 1.00%(Q) | CDX.NA.IG.38.V1(Q) | 2,780 | — | |||||||||
CDX.NA.IG.38.V1, 06/20/27 | Call | Citibank, N.A. | 11/16/22 | 0.35% | 1.00%(Q) | CDX.NA.IG.38.V1(Q) | 2,790 | — | |||||||||
CDX.NA.IG.38.V1, 06/20/27 | Call | Goldman Sachs International | 11/16/22 | 0.35% | 1.00%(Q) | CDX.NA.IG.38.V1(Q) | 2,780 | — | |||||||||
CDX.NA.IG.38.V1, 06/20/27 | Call | Morgan Stanley & Co. International PLC | 11/16/22 | 0.35% | 1.00%(Q) | CDX.NA.IG.38.V1(Q) | 2,540 | — | |||||||||
CDX.NA.IG.38.V1, 06/20/27 | Call | Morgan Stanley & Co. International PLC | 11/16/22 | 0.35% | 1.00%(Q) | CDX.NA.IG.38.V1(Q) | 2,540 | — | |||||||||
CDX.NA.IG.38.V1, 06/20/27 | Put | BNP Paribas S.A. | 10/19/22 | 0.88% | CDX.NA.IG.38.V1(Q) | 1.00%(Q) | 2,790 | 16,297 |
A28
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2022 (unaudited) |
Options
Purchased (continued):
OTC Swaptions | ||||||||||||||||||
Description | Call/ Put | Counterparty | Expiration Date | Strike | Receive | Pay | Notional Amount (000)# | Value | ||||||||||
CDX.NA.IG.38.V1, 06/20/27 | Put | Deutsche Bank AG | 10/19/22 | 0.90% | CDX.NA.IG.38.V1(Q) | 1.00%(Q) | 2,800 | $14,076 | ||||||||||
CDX.NA.IG.38.V1, 06/20/27 | Put | Barclays Bank PLC | 10/19/22 | 0.93% | CDX.NA.IG.38.V1(Q) | 1.00%(Q) | 2,410 | 10,352 | ||||||||||
CDX.NA.IG.38.V1, 06/20/27 | Put | JPMorgan Chase Bank, N.A. | 10/19/22 | 0.93% | CDX.NA.IG.38.V1(Q) | 1.00%(Q) | 2,410 | 10,352 | ||||||||||
CDX.NA.IG.38.V1, 06/20/27 | Put | Morgan Stanley & Co. International PLC | 11/16/22 | 0.85% | CDX.NA.IG.38.V1(Q) | 1.00%(Q) | 2,540 | 19,900 | ||||||||||
CDX.NA.IG.38.V1, 06/20/27 | Put | Morgan Stanley & Co. International PLC | 11/16/22 | 0.88% | CDX.NA.IG.38.V1(Q) | 1.00%(Q) | 2,540 | 18,018 | ||||||||||
CDX.NA.IG.38.V1, 06/20/27 | Put | Bank of America, N.A. | 11/16/22 | 0.90% | CDX.NA.IG.38.V1(Q) | 1.00%(Q) | 2,780 | 17,850 | ||||||||||
CDX.NA.IG.38.V1, 06/20/27 | Put | Citibank, N.A. | 11/16/22 | 0.93% | CDX.NA.IG.38.V1(Q) | 1.00%(Q) | 2,790 | 16,216 | ||||||||||
CDX.NA.IG.38.V1, 06/20/27 | Put | Goldman Sachs International | 11/16/22 | 0.93% | CDX.NA.IG.38.V1(Q) | 1.00%(Q) | 2,780 | 16,158 | ||||||||||
Total Options Purchased (cost $87,168) | $139,219 |
Options Written:
OTC Swaptions | |||||||||||||||||
Description | Call/ Put | Counterparty | Expiration Date | Strike | Receive | Pay | Notional Amount (000)# | Value | |||||||||
CDX.NA.IG.38.V1, 06/20/27 | Call | BNP Paribas S.A. | 10/19/22 | 0.80% | CDX.NA.IG.38.V1(Q) | 1.00%(Q) | 2,790 | $(296) | |||||||||
CDX.NA.IG.38.V1, 06/20/27 | Call | Deutsche Bank AG | 10/19/22 | 0.80% | CDX.NA.IG.38.V1(Q) | 1.00%(Q) | 2,800 | (297) | |||||||||
CDX.NA.IG.38.V1, 06/20/27 | Call | Barclays Bank PLC | 10/19/22 | 0.83% | CDX.NA.IG.38.V1(Q) | 1.00%(Q) | 2,410 | (377) | |||||||||
CDX.NA.IG.38.V1, 06/20/27 | Call | JPMorgan Chase Bank, N.A. | 10/19/22 | 0.83% | CDX.NA.IG.38.V1(Q) | 1.00%(Q) | 2,410 | (377) | |||||||||
CDX.NA.IG.38.V1, 06/20/27 | Call | Morgan Stanley & Co. International PLC | 11/16/22 | 0.75% | CDX.NA.IG.38.V1(Q) | 1.00%(Q) | 2,540 | (499) | |||||||||
CDX.NA.IG.38.V1, 06/20/27 | Call | Morgan Stanley & Co. International PLC | 11/16/22 | 0.75% | CDX.NA.IG.38.V1(Q) | 1.00%(Q) | 2,540 | (499) | |||||||||
CDX.NA.IG.38.V1, 06/20/27 | Call | Bank of America, N.A. | 11/16/22 | 0.78% | CDX.NA.IG.38.V1(Q) | 1.00%(Q) | 2,780 | (722) | |||||||||
CDX.NA.IG.38.V1, 06/20/27 | Call | Goldman Sachs International | 11/16/22 | 0.78% | CDX.NA.IG.38.V1(Q) | 1.00%(Q) | 2,780 | (722) | |||||||||
CDX.NA.IG.38.V1, 06/20/27 | Call | Citibank, N.A. | 11/16/22 | 0.80% | CDX.NA.IG.38.V1(Q) | 1.00%(Q) | 2,790 | (1,001) | |||||||||
CDX.NA.IG.38.V1, 06/20/27 | Put | BNP Paribas S.A. | 10/19/22 | 1.18% | 1.00%(Q) | CDX.NA.IG.38.V1(Q) | 2,790 | (2,181) | |||||||||
CDX.NA.IG.38.V1, 06/20/27 | Put | Barclays Bank PLC | 10/19/22 | 1.20% | 1.00%(Q) | CDX.NA.IG.38.V1(Q) | 2,410 | (1,592) | |||||||||
CDX.NA.IG.38.V1, 06/20/27 | Put | Deutsche Bank AG | 10/19/22 | 1.20% | 1.00%(Q) | CDX.NA.IG.38.V1(Q) | 2,800 | (1,849) | |||||||||
CDX.NA.IG.38.V1, 06/20/27 | Put | JPMorgan Chase Bank, N.A. | 10/19/22 | 1.23% | 1.00%(Q) | CDX.NA.IG.38.V1(Q) | 2,410 | (1,348) |
A29
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2022 (unaudited) |
Options Written (continued):
OTC Swaptions | ||||||||||||||||||
Description | Call/ Put | Counterparty | Expiration Date | Strike | Receive | Pay | Notional Amount (000)# | Value | ||||||||||
CDX.NA.IG.38.V1, 06/20/27 | Put | Morgan Stanley & Co. International PLC | 11/16/22 | 1.15% | 1.00%(Q) | CDX.NA.IG.38.V1(Q) | 2,540 | $(6,177) | ||||||||||
CDX.NA.IG.38.V1, 06/20/27 | Put | Morgan Stanley & Co. International PLC | 11/16/22 | 1.20% | 1.00%(Q) | CDX.NA.IG.38.V1(Q) | 2,540 | (5,117) | ||||||||||
CDX.NA.IG.38.V1, 06/20/27 | Put | Bank of America, N.A. | 11/16/22 | 1.23% | 1.00%(Q) | CDX.NA.IG.38.V1(Q) | 2,780 | (5,103) | ||||||||||
CDX.NA.IG.38.V1, 06/20/27 | Put | Goldman Sachs International | 11/16/22 | 1.25% | 1.00%(Q) | CDX.NA.IG.38.V1(Q) | 2,780 | (4,654) | ||||||||||
CDX.NA.IG.38.V1, 06/20/27 | Put | Citibank, N.A. | 11/16/22 | 1.28% | 1.00%(Q) | CDX.NA.IG.38.V1(Q) | 2,790 | (4,263) | ||||||||||
GS_21-PJ2A^ | Put | Goldman Sachs International | 11/15/24 | 0.50% | 0.50%(M) | GS_21-PJ2A(M) | 4,720 | (101) | ||||||||||
GS_21-PJA^ | Put | Goldman Sachs International | 06/17/24 | 0.25% | 0.25%(M) | GS_21-PJA(M) | 9,100 | (192) | ||||||||||
Total Options Written (premiums received $84,529) | $(37,367) |
Futures contracts outstanding at September 30, 2022: | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Long Positions: | ||||||||
193 | 2 Year U.S. Treasury Notes | Dec. 2022 | $39,640,391 | $(658,686) | ||||
176 | 5 Year U.S. Treasury Notes | Dec. 2022 | 18,921,375 | (17,619) | ||||
222 | 10 Year U.S. Treasury Notes | Dec. 2022 | 24,877,875 | (991,470) | ||||
369 | 30 Year U.S. Ultra Treasury Bonds | Dec. 2022 | 50,553,000 | (4,916,428) | ||||
5 | Mini MSCI EAFE Index | Dec. 2022 | 415,150 | (55,636) | ||||
86 | S&P 500 E-Mini Index | Dec. 2022 | 15,486,450 | (2,078,078) | ||||
(8,717,917) | ||||||||
Short Positions: | ||||||||
25 | 5 Year Euro-Bobl | Dec. 2022 | 2,934,025 | 76,573 | ||||
22 | 10 Year Euro-Bund | Dec. 2022 | 2,985,997 | 153,136 | ||||
62 | 10 Year U.S. Ultra Treasury Notes | Dec. 2022 | 7,346,032 | 474,746 | ||||
348 | 20 Year U.S. Treasury Bonds | Dec. 2022 | 43,989,375 | 3,368,348 | ||||
16 | Euro Schatz Index | Dec. 2022 | 1,680,433 | 14,983 | ||||
4,087,786 | ||||||||
$(4,630,131) |
Forward foreign currency exchange
contracts outstanding at September 30, 2022:
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
Euro, | |||||||||||||
Expiring 10/04/22 | The Toronto-Dominion Bank | EUR | 16,147 | $15,568,128 | $15,829,082 | $260,954 | $— |
A30
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2022 (unaudited) |
Forward foreign currency exchange
contracts outstanding at September 30, 2022 (continued):
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
Canadian Dollar, | |||||||||||||
Expiring 10/19/22 | The Toronto-Dominion Bank | CAD | 429 | $330,371 | $310,566 | $19,805 | $— | ||||||
Euro, | |||||||||||||
Expiring 10/04/22 | BNP Paribas S.A. | EUR | 16,147 | 16,137,016 | 15,829,082 | 307,934 | — | ||||||
Expiring 11/02/22 | The Toronto-Dominion Bank | EUR | 16,147 | 15,600,583 | 15,860,829 | — | (260,246) | ||||||
$32,067,970 | $32,000,477 | 327,739 | (260,246) | ||||||||||
$588,693 | $(260,246) |
Credit default swap agreement
outstanding at September 30, 2022:
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at September 30, 2022(4) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^: | |||||||||||||||||
GS_21-PJ2A | 10/14/22 | 0.500%(M) | 2,151 | 0.500% | $1,402 | $(28) | $1,430 | Goldman Sachs International | |||||||||
GS_21-PJA | 10/14/22 | 0.250%(M) | 4,146 | * | 1,352 | (27) | 1,379 | Goldman Sachs International | |||||||||
$2,754 | $(55) | $2,809 |
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Value at Trade Date | Value at September 30, 2022 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Credit Default Swap Agreement on credit indices - Buy Protection(1): | ||||||||||||||
CDX.NA.IG.39.V1 | 12/20/27 | 1.000%(Q) | 23,840 | $(32,285) | $74,544 | $106,829 |
The Portfolio entered into credit
default swaps (“CDS”) to provide a measure of protection against defaults or to take an active long or short position with respect to the likelihood of a particular issuer’s default or the reference
entity’s credit soundness. CDS contracts generally trade based on a spread which represents the cost a protection buyer has to pay the protection seller. The protection buyer is said to be short the credit as
the value of the contract rises the more the credit deteriorates. The value of the CDS contract increases for the protection buyer if the spread increases.
(1) | If the Portfolio is a buyer of protection, it pays the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and make delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
(2) | If the Portfolio is a seller of protection, it receives the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
(3) | Notional amount represents the maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
(4) | Implied credit spreads, represented in absolute terms, utilized in determining the fair value of credit default swap agreements where the Portfolio is the seller of protection as of the reporting date serve as an indicator of the current status of the payment/ performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include up-front payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement. |
* | When an implied credit spread is not available, reference the fair value of credit default swap agreements on credit indices and asset-backed |
A31
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2022 (unaudited) |
securities. Where the
Portfolio is the seller of protection, it serves as an indicator of the current status of the payment/performance risk and represents the likelihood of an expected liability (or profit) for the credit derivative
should the notional amount of the swap agreement be closed/sold as of the reporting date. Increasing fair value in absolute terms, when compared to the notional amount of the swap, represents a deterioration of the
referenced entity’s credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement.
Total return swap agreements outstanding at September 30, 2022: | ||||||||||||||
Reference Entity | Financing Rate | Counterparty | Termination Date | Long (Short) Notional Amount (000)#(1) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation)(2) | |||||||
OTC Total Return Swap Agreements: | ||||||||||||||
U.S. Treasury Bond(T) | 1 Day USOIS + 4bps(T) | Bank of America, N.A. | 11/10/22 | 19,230 | $(1,979,246) | $— | $(1,979,246) | |||||||
U.S. Treasury Bond(T) | 1 Day USOIS + 4bps(T) | JPMorgan Chase Bank, N.A. | 11/22/22 | 13,010 | (1,070,437) | — | (1,070,437) | |||||||
$(3,049,683) | $— | $(3,049,683) |
(1) | On a long total return swap, the Portfolio receives payments for any positive return on the reference entity (makes payments for any negative return) and pays the financing rate. On a short total return swap, the Portfolio makes payments for any positive return on the reference entity (receives payments for any negative return) and receives the financing rate. |
(2) | Upfront/recurring fees or commissions, as applicable, are included in the net unrealized appreciation (depreciation). |
Other information
regarding the Portfolio is available in the Portfolio’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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