Free signup for more
- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Filing tables
Filing exhibits
Prudential Series Fund similar filings
- 25 May 23 PSF Mid-Cap Growth Portfolio (Mar 2023 report)
- 25 May 23 PSF PGIM Total Return Bond Portfolio (Mar 2023 report)
- 25 May 23 PSF PGIM Flexible Managed Portfolio (Mar 2023 report)
- 25 May 23 PSF PGIM 50/50 Balanced Portfolio (Mar 2023 report)
- 25 May 23 PSF PGIM Jennison Blend Portfolio (Mar 2023 report)
- 25 May 23 PSF PGIM Jennison Growth Portfolio (Mar 2023 report)
- 25 May 23 PSF PGIM Government Income Portfolio (Mar 2023 report)
Filing view
External links
PSF PGIM 50/50 BALANCED
PORTFOLIO
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Shares | Value | |||||
Long-Term Investments — 89.3% | ||||||
Common Stocks — 47.7% | ||||||
Aerospace & Defense — 0.8% | ||||||
BAE Systems PLC (United Kingdom) | 2,293 | $27,736 | ||||
Boeing Co. (The)* | 18,650 | 3,961,819 | ||||
General Dynamics Corp. | 7,400 | 1,688,754 | ||||
Howmet Aerospace, Inc. | 12,280 | 520,304 | ||||
Huntington Ingalls Industries, Inc. | 1,200 | 248,424 | ||||
Kongsberg Gruppen ASA (Norway) | 195 | 7,882 | ||||
L3Harris Technologies, Inc. | 6,270 | 1,230,425 | ||||
Lockheed Martin Corp. | 7,620 | 3,602,203 | ||||
MTU Aero Engines AG (Germany) | 40 | 10,010 | ||||
Northrop Grumman Corp. | 4,622 | 2,134,070 | ||||
Raytheon Technologies Corp. | 48,555 | 4,754,991 | ||||
Rolls-Royce Holdings PLC (United Kingdom)* | 6,200 | 11,420 | ||||
Textron, Inc. | 7,000 | 494,410 | ||||
TransDigm Group, Inc. | 1,740 | 1,282,467 | ||||
19,974,915 | ||||||
Air Freight & Logistics — 0.3% | ||||||
C.H. Robinson Worldwide, Inc.(a) | 4,000 | 397,480 | ||||
Expeditors International of Washington, Inc.(a) | 5,300 | 583,636 | ||||
FedEx Corp. | 7,680 | 1,754,803 | ||||
United Parcel Service, Inc. (Class B Stock) | 24,100 | 4,675,159 | ||||
7,411,078 | ||||||
Automobile Components — 0.1% | ||||||
Aptiv PLC* | 9,100 | 1,020,929 | ||||
BorgWarner, Inc. | 7,900 | 387,969 | ||||
1,408,898 | ||||||
Automobiles — 0.9% | ||||||
Bayerische Motoren Werke AG (Germany) | 1,030 | 112,887 | ||||
Ford Motor Co. | 129,685 | 1,634,031 | ||||
General Motors Co. | 46,200 | 1,694,616 | ||||
Isuzu Motors Ltd. (Japan) | 400 | 4,780 | ||||
Mazda Motor Corp. (Japan) | 400 | 3,690 | ||||
Mercedes-Benz Group AG (Germany) | 1,717 | 132,042 | ||||
Nissan Motor Co. Ltd. (Japan) | 3,400 | 12,868 | ||||
Stellantis NV | 1,668 | 30,335 | ||||
Tesla, Inc.* | 89,120 | 18,488,835 | ||||
Toyota Motor Corp. (Japan) | 3,000 | 42,706 | ||||
Volkswagen AG (Germany) | 65 | 11,149 | ||||
22,167,939 | ||||||
Banks — 1.5% | ||||||
ABN AMRO Bank NV (Netherlands), 144A, CVA | 3,504 | 55,565 | ||||
ANZ Group Holdings Ltd. (Australia) | 5,668 | 87,345 | ||||
Banco Santander SA (Spain) | 12,400 | 46,208 | ||||
Bank Hapoalim BM (Israel) | 3,139 | 26,124 | ||||
Bank Leumi Le-Israel BM (Israel) | 1,161 | 8,783 | ||||
Bank of America Corp. | 231,241 | 6,613,493 | ||||
Bank of Ireland Group PLC (Ireland) | 770 | 7,791 | ||||
Barclays PLC (United Kingdom) | 13,510 | 24,317 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Banks (cont’d.) | ||||||
Citigroup, Inc. | 64,135 | $3,007,290 | ||||
Citizens Financial Group, Inc. | 17,100 | 519,327 | ||||
Comerica, Inc. | 4,500 | 195,390 | ||||
Commerzbank AG (Germany)* | 780 | 8,212 | ||||
Commonwealth Bank of Australia (Australia) | 206 | 13,601 | ||||
DBS Group Holdings Ltd. (Singapore) | 200 | 4,972 | ||||
Erste Group Bank AG (Austria) | 259 | 8,581 | ||||
Fifth Third Bancorp | 22,521 | 599,959 | ||||
FinecoBank Banca Fineco SpA (Italy) | 450 | 6,895 | ||||
First Republic Bank | 6,100 | 85,339 | ||||
HSBC Holdings PLC (United Kingdom) | 14,883 | 101,152 | ||||
Huntington Bancshares, Inc. | 50,236 | 562,643 | ||||
ING Groep NV (Netherlands) | 2,725 | 32,360 | ||||
Israel Discount Bank Ltd. (Israel) (Class A Stock) | 2,713 | 13,327 | ||||
JPMorgan Chase & Co. | 97,145 | 12,658,965 | ||||
KBC Group NV (Belgium) | 938 | 64,451 | ||||
KeyCorp | 32,300 | 404,396 | ||||
Lloyds Banking Group PLC (United Kingdom) | 138,053 | 81,168 | ||||
M&T Bank Corp. | 5,805 | 694,104 | ||||
Mediobanca Banca di Credito Finanziario SpA (Italy) | 440 | 4,422 | ||||
Mizrahi Tefahot Bank Ltd. (Israel) | 118 | 3,699 | ||||
National Australia Bank Ltd. (Australia) | 2,316 | 43,155 | ||||
NatWest Group PLC (United Kingdom) | 3,909 | 12,755 | ||||
Nordea Bank Abp (Finland) | 7,450 | 79,553 | ||||
Oversea-Chinese Banking Corp. Ltd. (Singapore) | 2,500 | 23,305 | ||||
PNC Financial Services Group, Inc. (The) | 13,233 | 1,681,914 | ||||
Regions Financial Corp. | 31,703 | 588,408 | ||||
Skandinaviska Enskilda Banken AB (Sweden) (Class A Stock)* | 1,195 | 13,191 | ||||
Standard Chartered PLC (United Kingdom) | 1,830 | 13,870 | ||||
Sumitomo Mitsui Financial Group, Inc. (Japan) | 900 | 36,016 | ||||
Swedbank AB (Sweden) (Class A Stock) | 669 | 11,001 | ||||
Truist Financial Corp. | 43,901 | 1,497,024 | ||||
U.S. Bancorp | 46,085 | 1,661,364 | ||||
UniCredit SpA (Italy) | 4,125 | 77,747 | ||||
United Overseas Bank Ltd. (Singapore) | 800 | 17,943 | ||||
Wells Fargo & Co. | 126,264 | 4,719,748 | ||||
Zions Bancorp NA | 5,050 | 151,147 | ||||
36,568,020 | ||||||
Beverages — 0.9% | ||||||
Brown-Forman Corp. (Class B Stock) | 6,375 | 409,721 | ||||
Coca-Cola Co. (The) | 130,201 | 8,076,368 | ||||
Coca-Cola Europacific Partners PLC (United Kingdom) | 100 | 5,919 | ||||
Constellation Brands, Inc. (Class A Stock) | 5,340 | 1,206,253 | ||||
Diageo PLC (United Kingdom) | 207 | 9,238 | ||||
Heineken Holding NV (Netherlands) | 86 | 7,890 |
A1
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Beverages (cont’d.) | ||||||
Heineken NV (Netherlands) | 194 | $20,846 | ||||
Keurig Dr. Pepper, Inc. | 30,200 | 1,065,456 | ||||
Molson Coors Beverage Co. (Class B Stock) | 6,500 | 335,920 | ||||
Monster Beverage Corp.* | 25,200 | 1,361,052 | ||||
PepsiCo, Inc. | 46,007 | 8,387,076 | ||||
20,885,739 | ||||||
Biotechnology — 1.1% | ||||||
AbbVie, Inc. | 58,601 | 9,339,241 | ||||
Amgen, Inc. | 17,637 | 4,263,745 | ||||
Biogen, Inc.* | 4,660 | 1,295,620 | ||||
Gilead Sciences, Inc. | 41,300 | 3,426,661 | ||||
Incyte Corp.* | 6,300 | 455,301 | ||||
Moderna, Inc.*(a) | 11,150 | 1,712,417 | ||||
Regeneron Pharmaceuticals, Inc.* | 3,560 | 2,925,145 | ||||
Vertex Pharmaceuticals, Inc.* | 8,400 | 2,646,588 | ||||
26,064,718 | ||||||
Broadline Retail — 1.3% | ||||||
Amazon.com, Inc.* | 295,400 | 30,511,866 | ||||
eBay, Inc. | 17,900 | 794,223 | ||||
Etsy, Inc.*(a) | 4,100 | 456,453 | ||||
Pan Pacific International Holdings Corp. (Japan) | 2,900 | 56,104 | ||||
31,818,646 | ||||||
Building Products — 0.2% | ||||||
A.O. Smith Corp. | 4,600 | 318,090 | ||||
AGC, Inc. (Japan) | 2,000 | 74,562 | ||||
Allegion PLC | 2,833 | 302,366 | ||||
Assa Abloy AB (Sweden) (Class B Stock) | 744 | 17,821 | ||||
Carrier Global Corp. | 28,102 | 1,285,667 | ||||
Cie de Saint-Gobain (France) | 362 | 20,577 | ||||
Johnson Controls International PLC | 22,722 | 1,368,319 | ||||
Lixil Corp. (Japan) | 200 | 3,301 | ||||
Masco Corp. | 7,800 | 387,816 | ||||
Nibe Industrier AB (Sweden) (Class B Stock) | 3,162 | 36,044 | ||||
Trane Technologies PLC | 7,600 | 1,398,248 | ||||
5,212,811 | ||||||
Capital Markets — 1.4% | ||||||
3i Group PLC (United Kingdom) | 3,261 | 67,971 | ||||
Ameriprise Financial, Inc. | 3,420 | 1,048,230 | ||||
Bank of New York Mellon Corp. (The) | 24,358 | 1,106,827 | ||||
BlackRock, Inc. | 4,950 | 3,312,144 | ||||
Cboe Global Markets, Inc. | 3,700 | 496,688 | ||||
Charles Schwab Corp. (The) | 50,550 | 2,647,809 | ||||
CME Group, Inc. | 11,900 | 2,279,088 | ||||
Deutsche Bank AG (Germany) | 4,947 | 50,307 | ||||
Deutsche Boerse AG (Germany) | 142 | 27,649 | ||||
FactSet Research Systems, Inc. | 1,200 | 498,108 | ||||
Franklin Resources, Inc. | 9,700 | 261,318 | ||||
Goldman Sachs Group, Inc. (The) | 11,180 | 3,657,090 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Capital Markets (cont’d.) | ||||||
Hargreaves Lansdown PLC (United Kingdom) | 780 | $7,727 | ||||
Intercontinental Exchange, Inc. | 18,455 | 1,924,672 | ||||
Invesco Ltd. | 16,200 | 265,680 | ||||
Julius Baer Group Ltd. (Switzerland) | 159 | 10,861 | ||||
Macquarie Group Ltd. (Australia) | 1,002 | 118,636 | ||||
MarketAxess Holdings, Inc. | 1,220 | 477,374 | ||||
Moody’s Corp. | 5,150 | 1,576,003 | ||||
Morgan Stanley | 43,219 | 3,794,628 | ||||
MSCI, Inc. | 2,640 | 1,477,582 | ||||
Nasdaq, Inc. | 11,500 | 628,705 | ||||
Northern Trust Corp. | 6,800 | 599,284 | ||||
Raymond James Financial, Inc.(a) | 6,450 | 601,591 | ||||
S&P Global, Inc. | 10,860 | 3,744,202 | ||||
Singapore Exchange Ltd. (Singapore) | 1,900 | 13,455 | ||||
State Street Corp. | 11,800 | 893,142 | ||||
T. Rowe Price Group, Inc.(a) | 7,400 | 835,460 | ||||
UBS Group AG (Switzerland) | 4,805 | 101,678 | ||||
32,523,909 | ||||||
Chemicals — 0.9% | ||||||
Air Products & Chemicals, Inc. | 7,300 | 2,096,633 | ||||
Albemarle Corp. | 3,800 | 839,952 | ||||
Celanese Corp. | 3,500 | 381,115 | ||||
CF Industries Holdings, Inc. | 6,800 | 492,932 | ||||
Corteva, Inc. | 23,547 | 1,420,120 | ||||
Dow, Inc. | 23,247 | 1,274,401 | ||||
DuPont de Nemours, Inc.(a) | 15,447 | 1,108,631 | ||||
Eastman Chemical Co. | 3,800 | 320,492 | ||||
Ecolab, Inc. | 8,100 | 1,340,793 | ||||
FMC Corp. | 4,300 | 525,159 | ||||
ICL Group Ltd. (Israel) | 1,494 | 10,123 | ||||
International Flavors & Fragrances, Inc. | 8,400 | 772,464 | ||||
Linde PLC | 16,300 | 5,793,672 | ||||
LyondellBasell Industries NV (Class A Stock) | 8,600 | 807,454 | ||||
Mosaic Co. (The)(a) | 11,500 | 527,620 | ||||
PPG Industries, Inc. | 7,900 | 1,055,282 | ||||
Sherwin-Williams Co. (The) | 7,750 | 1,741,967 | ||||
Shin-Etsu Chemical Co. Ltd. (Japan) | 500 | 16,230 | ||||
Solvay SA (Belgium) | 806 | 92,179 | ||||
Tosoh Corp. (Japan) | 600 | 8,154 | ||||
Yara International ASA (Brazil) | 122 | 5,302 | ||||
20,630,675 | ||||||
Commercial Services & Supplies — 0.2% | ||||||
Brambles Ltd. (Australia) | 1,040 | 9,377 | ||||
Cintas Corp. | 2,820 | 1,304,758 | ||||
Copart, Inc.* | 14,200 | 1,067,982 | ||||
Dai Nippon Printing Co. Ltd. (Japan) | 2,400 | 67,196 | ||||
Republic Services, Inc. | 6,965 | 941,807 | ||||
Rollins, Inc. | 7,800 | 292,734 | ||||
Waste Management, Inc. | 12,242 | 1,997,527 | ||||
5,681,381 | ||||||
Communications Equipment — 0.4% | ||||||
Arista Networks, Inc.* | 8,200 | 1,376,452 |
A2
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Communications Equipment (cont’d.) | ||||||
Cisco Systems, Inc. | 136,100 | $7,114,627 | ||||
F5, Inc.* | 2,200 | 320,518 | ||||
Juniper Networks, Inc. | 11,000 | 378,620 | ||||
Motorola Solutions, Inc. | 5,489 | 1,570,568 | ||||
Nokia OYJ (Finland) | 4,063 | 19,945 | ||||
10,780,730 | ||||||
Construction & Engineering — 0.0% | ||||||
ACS Actividades de Construccion y Servicios SA (Spain) | 162 | 5,160 | ||||
Eiffage SA (France) | 642 | 69,474 | ||||
Quanta Services, Inc.(a) | 4,600 | 766,544 | ||||
Skanska AB (Sweden) (Class B Stock) | 720 | 11,028 | ||||
Vinci SA (France) | 1,155 | 132,412 | ||||
984,618 | ||||||
Construction Materials — 0.1% | ||||||
HeidelbergCement AG (Germany) | 106 | 7,740 | ||||
Holcim AG* | 411 | 26,506 | ||||
Martin Marietta Materials, Inc. | 2,080 | 738,525 | ||||
Vulcan Materials Co. | 4,400 | 754,864 | ||||
1,527,635 | ||||||
Consumer Finance — 0.2% | ||||||
American Express Co. | 19,700 | 3,249,515 | ||||
Capital One Financial Corp. | 12,561 | 1,207,866 | ||||
Discover Financial Services | 8,740 | 863,861 | ||||
Synchrony Financial | 14,472 | 420,846 | ||||
5,742,088 | ||||||
Consumer Staples Distribution & Retail — 0.9% | ||||||
Carrefour SA (France) | 431 | 8,714 | ||||
Coles Group Ltd. (Australia) | 996 | 12,034 | ||||
Costco Wholesale Corp. | 14,620 | 7,264,239 | ||||
Dollar General Corp. | 7,400 | 1,557,404 | ||||
Dollar Tree, Inc.* | 6,865 | 985,471 | ||||
Endeavour Group Ltd. (Australia) | 2,976 | 13,521 | ||||
J Sainsbury PLC (United Kingdom) | 3,717 | 12,791 | ||||
Kesko OYJ (Finland) (Class B Stock) | 202 | 4,341 | ||||
Koninklijke Ahold Delhaize NV (Netherlands) | 3,312 | 113,155 | ||||
Kroger Co. (The) | 22,092 | 1,090,682 | ||||
Sysco Corp. | 16,700 | 1,289,741 | ||||
Target Corp.(a) | 15,260 | 2,527,514 | ||||
Tesco PLC (United Kingdom) | 5,446 | 17,854 | ||||
Walgreens Boots Alliance, Inc.(a) | 23,700 | 819,546 | ||||
Walmart, Inc. | 47,000 | 6,930,150 | ||||
Woolworths Group Ltd. (Australia) | 898 | 22,830 | ||||
22,669,987 | ||||||
Containers & Packaging — 0.1% | ||||||
Amcor PLC | 50,550 | 575,259 | ||||
Avery Dennison Corp. | 2,700 | 483,111 | ||||
Ball Corp. | 10,600 | 584,166 | ||||
International Paper Co. | 12,473 | 449,776 | ||||
Packaging Corp. of America | 3,200 | 444,256 | ||||
Sealed Air Corp. | 5,100 | 234,141 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Containers & Packaging (cont’d.) | ||||||
Westrock Co. | 8,744 | $266,430 | ||||
3,037,139 | ||||||
Distributors — 0.1% | ||||||
Genuine Parts Co. | 4,700 | 786,357 | ||||
LKQ Corp. | 8,600 | 488,136 | ||||
Pool Corp. | 1,280 | 438,323 | ||||
1,712,816 | ||||||
Diversified REITs — 0.0% | ||||||
GPT Group (The) (Australia) | 1,408 | 4,023 | ||||
Nomura Real Estate Master Fund, Inc. (Japan) | 3 | 3,362 | ||||
Stockland (Australia) | 1,757 | 4,705 | ||||
12,090 | ||||||
Diversified Telecommunication Services — 0.4% | ||||||
AT&T, Inc. | 240,236 | 4,624,543 | ||||
Bezeq The Israeli Telecommunication Corp. Ltd. (Israel) | 1,523 | 2,073 | ||||
Deutsche Telekom AG (Germany) | 2,406 | 58,303 | ||||
Elisa OYJ (Finland) | 107 | 6,453 | ||||
HKT Trust & HKT Ltd. (Hong Kong) | 3,000 | 3,982 | ||||
Koninklijke KPN NV (Netherlands) | 18,985 | 67,085 | ||||
Swisscom AG (Switzerland) | 19 | 12,125 | ||||
Telefonica Deutschland Holding AG (Germany) | 20,863 | 64,222 | ||||
Verizon Communications, Inc. | 139,176 | 5,412,555 | ||||
10,251,341 | ||||||
Electric Utilities — 0.9% | ||||||
Alliant Energy Corp. | 8,700 | 464,580 | ||||
American Electric Power Co., Inc. | 16,860 | 1,534,092 | ||||
CK Infrastructure Holdings Ltd. (Hong Kong) | 1,500 | 8,161 | ||||
Constellation Energy Corp. | 10,904 | 855,964 | ||||
Duke Energy Corp. | 25,461 | 2,456,223 | ||||
Edison International | 12,600 | 889,434 | ||||
Endesa SA (Spain) | 1,511 | 32,819 | ||||
Enel SpA (Italy) | 6,077 | 37,063 | ||||
Entergy Corp. | 6,700 | 721,858 | ||||
Evergy, Inc. | 7,900 | 482,848 | ||||
Eversource Energy | 11,500 | 899,990 | ||||
Exelon Corp. | 32,913 | 1,378,726 | ||||
FirstEnergy Corp. | 18,156 | 727,329 | ||||
NextEra Energy, Inc. | 65,800 | 5,071,864 | ||||
NRG Energy, Inc. | 7,700 | 264,033 | ||||
PG&E Corp.* | 54,400 | 879,648 | ||||
Pinnacle West Capital Corp. | 3,700 | 293,188 | ||||
PPL Corp. | 25,000 | 694,750 | ||||
Southern Co. (The) | 36,000 | 2,504,880 | ||||
SSE PLC (United Kingdom) | 4,516 | 100,769 | ||||
Xcel Energy, Inc. | 18,510 | 1,248,314 | ||||
21,546,533 | ||||||
Electrical Equipment — 0.3% | ||||||
ABB Ltd. (Switzerland) | 1,171 | 40,284 |
A3
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Electrical Equipment (cont’d.) | ||||||
AMETEK, Inc. | 7,700 | $1,119,041 | ||||
Eaton Corp. PLC | 13,137 | 2,250,893 | ||||
Emerson Electric Co. | 18,900 | 1,646,946 | ||||
Fuji Electric Co. Ltd. (Japan) | 100 | 3,949 | ||||
Generac Holdings, Inc.* | 2,100 | 226,821 | ||||
Prysmian SpA (Italy) | 558 | 23,431 | ||||
Rockwell Automation, Inc.(a) | 3,800 | 1,115,110 | ||||
Schneider Electric SE | 401 | 67,017 | ||||
6,493,492 | ||||||
Electronic Equipment, Instruments & Components — 0.3% | ||||||
Amphenol Corp. (Class A Stock) | 19,700 | 1,609,884 | ||||
CDW Corp. | 4,450 | 867,260 | ||||
Corning, Inc. | 25,800 | 910,224 | ||||
Keysight Technologies, Inc.* | 5,800 | 936,584 | ||||
Omron Corp. (Japan) | 1,300 | 76,085 | ||||
Shimadzu Corp. (Japan) | 200 | 6,279 | ||||
TDK Corp. (Japan) | 300 | 10,769 | ||||
TE Connectivity Ltd. | 10,700 | 1,403,305 | ||||
Teledyne Technologies, Inc.* | 1,560 | 697,882 | ||||
Trimble, Inc.* | 8,700 | 456,054 | ||||
Yokogawa Electric Corp. (Japan) | 4,300 | 70,019 | ||||
Zebra Technologies Corp. (Class A Stock)* | 1,570 | 499,260 | ||||
7,543,605 | ||||||
Energy Equipment & Services — 0.2% | ||||||
Baker Hughes Co. | 33,698 | 972,524 | ||||
Halliburton Co. | 30,500 | 965,020 | ||||
Schlumberger NV | 47,024 | 2,308,879 | ||||
4,246,423 | ||||||
Entertainment — 0.7% | ||||||
Activision Blizzard, Inc. | 23,600 | 2,019,924 | ||||
Electronic Arts, Inc. | 8,800 | 1,059,960 | ||||
Live Nation Entertainment, Inc.* | 4,900 | 343,000 | ||||
Netflix, Inc.* | 14,710 | 5,082,011 | ||||
Nexon Co. Ltd. (Japan) | 400 | 9,551 | ||||
Take-Two Interactive Software, Inc.*(a) | 5,400 | 644,220 | ||||
Walt Disney Co. (The)* | 60,482 | 6,056,063 | ||||
Warner Bros Discovery, Inc.* | 74,476 | 1,124,588 | ||||
16,339,317 | ||||||
Financial Services — 2.0% | ||||||
Berkshire Hathaway, Inc. (Class B Stock)* | 59,680 | 18,427,394 | ||||
Fidelity National Information Services, Inc. | 20,000 | 1,086,600 | ||||
Fiserv, Inc.* | 21,000 | 2,373,630 | ||||
FleetCor Technologies, Inc.* | 2,300 | 484,955 | ||||
Global Payments, Inc. | 8,677 | 913,168 | ||||
Industrivarden AB (Sweden) (Class A Stock) | 49 | 1,324 | ||||
Investor AB (Sweden) (Class A Stock) | 371 | 7,570 | ||||
Jack Henry & Associates, Inc. | 2,300 | 346,656 | ||||
Mastercard, Inc. (Class A Stock) | 27,950 | 10,157,310 | ||||
ORIX Corp. (Japan) | 5,900 | 97,279 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Financial Services (cont’d.) | ||||||
PayPal Holdings, Inc.* | 37,500 | $2,847,750 | ||||
Visa, Inc. (Class A Stock)(a) | 53,800 | 12,129,748 | ||||
48,873,384 | ||||||
Food Products — 0.6% | ||||||
Archer-Daniels-Midland Co. | 18,126 | 1,443,917 | ||||
Bunge Ltd. | 4,800 | 458,496 | ||||
Campbell Soup Co. | 7,000 | 384,860 | ||||
Conagra Brands, Inc. | 16,700 | 627,252 | ||||
General Mills, Inc. | 19,500 | 1,666,470 | ||||
Hershey Co. (The) | 4,800 | 1,221,168 | ||||
Hormel Foods Corp. | 10,300 | 410,764 | ||||
J.M. Smucker Co. (The) | 3,400 | 535,058 | ||||
Kellogg Co. | 8,900 | 595,944 | ||||
Kraft Heinz Co. (The) | 26,967 | 1,042,814 | ||||
Lamb Weston Holdings, Inc. | 4,700 | 491,244 | ||||
McCormick & Co., Inc.(a) | 8,240 | 685,651 | ||||
Mondelez International, Inc. (Class A Stock) | 45,153 | 3,148,067 | ||||
Mowi ASA (Norway) | 5,055 | 93,497 | ||||
Nestle SA | 1,502 | 183,140 | ||||
Tyson Foods, Inc. (Class A Stock) | 9,600 | 569,472 | ||||
WH Group Ltd. (Hong Kong), 144A | 13,000 | 7,750 | ||||
Wilmar International Ltd. (China) | 28,000 | 88,707 | ||||
13,654,271 | ||||||
Gas Utilities — 0.0% | ||||||
Atmos Energy Corp.(a) | 4,800 | 539,328 | ||||
Enagas SA (Spain) | 1,893 | 36,375 | ||||
Osaka Gas Co. Ltd. (Japan) | 3,800 | 62,426 | ||||
Tokyo Gas Co. Ltd. (Japan) | 3,800 | 71,414 | ||||
709,543 | ||||||
Ground Transportation — 0.4% | ||||||
CSX Corp. | 69,600 | 2,083,824 | ||||
J.B. Hunt Transport Services, Inc. | 2,600 | 456,196 | ||||
Norfolk Southern Corp. | 7,500 | 1,590,000 | ||||
Old Dominion Freight Line, Inc. | 2,965 | 1,010,591 | ||||
Union Pacific Corp. | 20,260 | 4,077,527 | ||||
9,218,138 | ||||||
Health Care Equipment & Supplies — 1.4% | ||||||
Abbott Laboratories | 57,750 | 5,847,765 | ||||
Alcon, Inc. (Switzerland) | 279 | 19,805 | ||||
Align Technology, Inc.* | 2,240 | 748,474 | ||||
Baxter International, Inc. | 17,100 | 693,576 | ||||
Becton, Dickinson & Co. | 9,610 | 2,378,859 | ||||
Boston Scientific Corp.* | 47,467 | 2,374,774 | ||||
Cochlear Ltd. (Australia) | 49 | 7,801 | ||||
Cooper Cos., Inc. (The) | 1,640 | 612,310 | ||||
DENTSPLY SIRONA, Inc. | 7,100 | 278,888 | ||||
Dexcom, Inc.* | 12,760 | 1,482,457 | ||||
Edwards Lifesciences Corp.* | 20,500 | 1,695,965 | ||||
GE HealthCare Technologies, Inc.* | 11,992 | 983,704 | ||||
Hologic, Inc.* | 8,400 | 677,880 | ||||
Hoya Corp. (Japan) | 300 | 33,154 | ||||
IDEXX Laboratories, Inc.* | 2,740 | 1,370,219 |
A4
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Health Care Equipment & Supplies (cont’d.) | ||||||
Insulet Corp.* | 2,200 | $701,712 | ||||
Intuitive Surgical, Inc.* | 11,560 | 2,953,233 | ||||
Medtronic PLC | 44,090 | 3,554,536 | ||||
ResMed, Inc. | 4,800 | 1,051,152 | ||||
STERIS PLC | 3,250 | 621,660 | ||||
Stryker Corp. | 11,100 | 3,168,717 | ||||
Teleflex, Inc. | 1,400 | 354,634 | ||||
Zimmer Biomet Holdings, Inc. | 6,900 | 891,480 | ||||
32,502,755 | ||||||
Health Care Providers & Services — 1.4% | ||||||
AmerisourceBergen Corp. | 5,200 | 832,572 | ||||
Cardinal Health, Inc. | 8,850 | 668,175 | ||||
Centene Corp.* | 18,250 | 1,153,583 | ||||
Cigna Group (The) | 9,900 | 2,529,747 | ||||
CVS Health Corp. | 42,483 | 3,156,912 | ||||
DaVita, Inc.* | 1,900 | 154,109 | ||||
Elevance Health, Inc. | 7,880 | 3,623,303 | ||||
Fresenius SE & Co. KGaA (Germany) | 313 | 8,452 | ||||
HCA Healthcare, Inc. | 7,000 | 1,845,760 | ||||
Henry Schein, Inc.*(a) | 4,800 | 391,392 | ||||
Humana, Inc. | 4,090 | 1,985,531 | ||||
Laboratory Corp. of America Holdings | 2,900 | 665,318 | ||||
McKesson Corp. | 4,530 | 1,612,906 | ||||
Molina Healthcare, Inc.* | 1,950 | 521,606 | ||||
Quest Diagnostics, Inc. | 3,800 | 537,624 | ||||
Sonic Healthcare Ltd. (Australia) | 3,963 | 92,904 | ||||
UnitedHealth Group, Inc. | 30,880 | 14,593,579 | ||||
Universal Health Services, Inc. (Class B Stock) | 2,200 | 279,620 | ||||
34,653,093 | ||||||
Health Care REITs — 0.1% | ||||||
Healthpeak Properties, Inc. | 18,700 | 410,839 | ||||
Ventas, Inc. | 13,868 | 601,178 | ||||
Welltower, Inc. | 15,600 | 1,118,364 | ||||
2,130,381 | ||||||
Hotel & Resort REITs — 0.0% | ||||||
Host Hotels & Resorts, Inc. | 24,782 | 408,655 | ||||
Hotels, Restaurants & Leisure — 1.0% | ||||||
Accor SA (France)* | 128 | 4,161 | ||||
Aristocrat Leisure Ltd. (Australia) | 439 | 10,976 | ||||
Booking Holdings, Inc.* | 1,280 | 3,395,085 | ||||
Caesars Entertainment, Inc.* | 7,400 | 361,194 | ||||
Carnival Corp.*(a) | 33,400 | 339,010 | ||||
Chipotle Mexican Grill, Inc.* | 940 | 1,605,793 | ||||
Darden Restaurants, Inc.(a) | 3,950 | 612,882 | ||||
Domino’s Pizza, Inc. | 1,160 | 382,649 | ||||
Expedia Group, Inc.* | 4,850 | 470,596 | ||||
Genting Singapore Ltd. (Singapore) | 12,800 | 10,803 | ||||
Hilton Worldwide Holdings, Inc. | 8,800 | 1,239,656 | ||||
Las Vegas Sands Corp.* | 11,050 | 634,823 | ||||
Lottery Corp. Ltd. (The) (Australia) | 4,784 | 16,454 | ||||
Marriott International, Inc. (Class A Stock) | 8,928 | 1,482,405 | ||||
McDonald’s Corp. | 24,500 | 6,850,445 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Hotels, Restaurants & Leisure (cont’d.) | ||||||
MGM Resorts International | 10,800 | $479,736 | ||||
Norwegian Cruise Line Holdings Ltd.*(a) | 13,800 | 185,610 | ||||
Royal Caribbean Cruises Ltd.* | 7,200 | 470,160 | ||||
Starbucks Corp. | 38,000 | 3,956,940 | ||||
Whitbread PLC (United Kingdom) | 2,058 | 76,025 | ||||
Wynn Resorts Ltd.* | 3,500 | 391,685 | ||||
Yum! Brands, Inc. | 9,500 | 1,254,760 | ||||
24,231,848 | ||||||
Household Durables — 0.2% | ||||||
D.R. Horton, Inc. | 10,500 | 1,025,745 | ||||
Garmin Ltd. | 5,300 | 534,876 | ||||
Lennar Corp. (Class A Stock) | 8,500 | 893,435 | ||||
Mohawk Industries, Inc.* | 1,940 | 194,427 | ||||
Newell Brands, Inc.(a) | 13,814 | 171,846 | ||||
NVR, Inc.* | 90 | 501,497 | ||||
PulteGroup, Inc. | 7,622 | 444,210 | ||||
Sekisui House Ltd. (Japan) | 3,800 | 77,449 | ||||
Sharp Corp. (Japan)* | 8,200 | 57,978 | ||||
Sony Group Corp. (Japan) | 900 | 81,975 | ||||
Whirlpool Corp. | 1,826 | 241,068 | ||||
4,224,506 | ||||||
Household Products — 0.7% | ||||||
Church & Dwight Co., Inc. | 8,100 | 716,121 | ||||
Clorox Co. (The)(a) | 4,200 | 664,608 | ||||
Colgate-Palmolive Co. | 27,600 | 2,074,140 | ||||
Essity AB (Sweden) (Class B Stock) | 1,331 | 38,019 | ||||
Henkel AG & Co. KGaA (Germany) | 78 | 5,674 | ||||
Kimberly-Clark Corp. | 11,100 | 1,489,842 | ||||
Procter & Gamble Co. (The) | 78,625 | 11,690,751 | ||||
Reckitt Benckiser Group PLC (United Kingdom) | 534 | 40,625 | ||||
16,719,780 | ||||||
Independent Power & Renewable Electricity Producers — 0.0% | ||||||
AES Corp. (The) | 23,000 | 553,840 | ||||
Meridian Energy Ltd. (New Zealand) | 2,880 | 9,475 | ||||
RWE AG (Germany) | 480 | 20,653 | ||||
583,968 | ||||||
Industrial Conglomerates — 0.4% | ||||||
3M Co. | 18,180 | 1,910,900 | ||||
General Electric Co. | 36,078 | 3,449,057 | ||||
Honeywell International, Inc. | 22,112 | 4,226,045 | ||||
Jardine Cycle & Carriage Ltd. (Singapore) | 1,200 | 28,259 | ||||
Jardine Matheson Holdings Ltd. (Hong Kong) | 1,000 | 48,642 | ||||
Lifco AB (Sweden) (Class B Stock) | 512 | 11,040 | ||||
Siemens AG (Germany) | 562 | 91,046 | ||||
9,764,989 | ||||||
Industrial REITs — 0.2% | ||||||
CapitaLand Ascendas REIT (Singapore) | 2,500 | 5,390 |
A5
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Industrial REITs (cont’d.) | ||||||
Goodman Group (Australia) | 7,868 | $99,844 | ||||
Prologis, Inc. | 30,584 | 3,815,966 | ||||
3,921,200 | ||||||
Insurance — 1.0% | ||||||
Aflac, Inc. | 18,500 | 1,193,620 | ||||
Ageas SA/NV (Belgium) | 336 | 14,535 | ||||
AIA Group Ltd. (Hong Kong) | 2,200 | 23,072 | ||||
Allstate Corp. (The) | 8,700 | 964,047 | ||||
American International Group, Inc. | 25,039 | 1,260,964 | ||||
Aon PLC (Class A Stock) | 6,700 | 2,112,443 | ||||
Arch Capital Group Ltd.* | 12,400 | 841,588 | ||||
Arthur J. Gallagher & Co. | 7,000 | 1,339,170 | ||||
Assicurazioni Generali SpA (Italy) | 825 | 16,438 | ||||
Assurant, Inc. | 1,700 | 204,119 | ||||
AXA SA (France) | 4,249 | 129,669 | ||||
Baloise Holding AG (Switzerland) | 34 | 5,294 | ||||
Brown & Brown, Inc. | 7,900 | 453,618 | ||||
Chubb Ltd. | 13,686 | 2,657,547 | ||||
Cincinnati Financial Corp. | 5,337 | 598,171 | ||||
Everest Re Group Ltd. | 1,140 | 408,143 | ||||
Globe Life, Inc. | 3,125 | 343,813 | ||||
Hartford Financial Services Group, Inc. (The) | 10,800 | 752,652 | ||||
Lincoln National Corp. | 5,518 | 123,989 | ||||
Loews Corp. | 6,975 | 404,690 | ||||
Marsh & McLennan Cos., Inc. | 16,400 | 2,731,420 | ||||
Medibank Private Ltd. (Australia) | 7,749 | 17,487 | ||||
MetLife, Inc. | 22,350 | 1,294,959 | ||||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Germany) | 193 | 67,480 | ||||
Poste Italiane SpA (Italy), 144A | 7,280 | 74,238 | ||||
Principal Financial Group, Inc. | 7,700 | 572,264 | ||||
Progressive Corp. (The) | 19,300 | 2,761,058 | ||||
QBE Insurance Group Ltd. (Australia) | 1,081 | 10,584 | ||||
Sampo OYJ (Finland) (Class A Stock) | 361 | 17,034 | ||||
Suncorp Group Ltd. (Australia) | 929 | 7,548 | ||||
Swiss Life Holding AG (Switzerland) | 137 | 84,544 | ||||
T&D Holdings, Inc. (Japan) | 1,500 | 18,591 | ||||
Travelers Cos., Inc. (The) | 7,535 | 1,291,574 | ||||
W.R. Berkley Corp. | 6,700 | 417,142 | ||||
Willis Towers Watson PLC | 3,540 | 822,625 | ||||
24,036,130 | ||||||
Interactive Media & Services — 2.3% | ||||||
Alphabet, Inc. (Class A Stock)* | 197,300 | 20,465,929 | ||||
Alphabet, Inc. (Class C Stock)* | 172,060 | 17,894,240 | ||||
Match Group, Inc.* | 9,500 | 364,705 | ||||
Meta Platforms, Inc. (Class A Stock)* | 73,730 | 15,626,336 | ||||
Scout24 SE (Germany), 144A | 176 | 10,469 | ||||
54,361,679 | ||||||
IT Services — 0.6% | ||||||
Accenture PLC (Class A Stock) | 20,800 | 5,944,848 | ||||
Akamai Technologies, Inc.* | 5,200 | 407,160 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
IT Services (cont’d.) | ||||||
Cognizant Technology Solutions Corp. (Class A Stock) | 16,800 | $1,023,624 | ||||
DXC Technology Co.* | 7,828 | 200,084 | ||||
EPAM Systems, Inc.* | 1,740 | 520,260 | ||||
Gartner, Inc.* | 2,600 | 847,002 | ||||
International Business Machines Corp. | 29,900 | 3,919,591 | ||||
Otsuka Corp. (Japan) | 100 | 3,551 | ||||
SCSK Corp. (Japan) | 100 | 1,464 | ||||
VeriSign, Inc.* | 2,900 | 612,857 | ||||
Wix.com Ltd. (Israel)* | 100 | 9,980 | ||||
13,490,421 | ||||||
Leisure Products — 0.0% | ||||||
Hasbro, Inc. | 4,700 | 252,343 | ||||
Life Sciences Tools & Services — 0.9% | ||||||
Agilent Technologies, Inc. | 10,014 | 1,385,337 | ||||
Bio-Rad Laboratories, Inc. (Class A Stock)* | 740 | 354,475 | ||||
Bio-Techne Corp. | 5,200 | 385,788 | ||||
Charles River Laboratories International, Inc.* | 1,560 | 314,839 | ||||
Danaher Corp. | 21,700 | 5,469,268 | ||||
Illumina, Inc.*(a) | 5,200 | 1,209,260 | ||||
IQVIA Holdings, Inc.* | 6,000 | 1,193,340 | ||||
Mettler-Toledo International, Inc.* | 750 | 1,147,657 | ||||
PerkinElmer, Inc. | 4,300 | 573,018 | ||||
Thermo Fisher Scientific, Inc. | 12,980 | 7,481,283 | ||||
Waters Corp.* | 2,000 | 619,260 | ||||
West Pharmaceutical Services, Inc. | 2,300 | 796,881 | ||||
20,930,406 | ||||||
Machinery — 0.9% | ||||||
Alfa Laval AB (Sweden) | 210 | 7,498 | ||||
Atlas Copco AB (Sweden) (Class B Stock) | 1,156 | 13,297 | ||||
Caterpillar, Inc. | 17,200 | 3,936,048 | ||||
CNH Industrial NV (United Kingdom) | 3,179 | 48,642 | ||||
Cummins, Inc. | 4,700 | 1,122,736 | ||||
Daimler Truck Holding AG (Germany)* | 332 | 11,205 | ||||
Deere & Co. | 8,940 | 3,691,147 | ||||
Dover Corp. | 4,700 | 714,118 | ||||
Epiroc AB (Sweden) (Class A Stock) | 483 | 9,588 | ||||
Epiroc AB (Sweden) (Class B Stock) | 290 | 4,945 | ||||
Fortive Corp. | 11,950 | 814,632 | ||||
GEA Group AG (Germany) | 1,945 | 88,726 | ||||
Hitachi Construction Machinery Co. Ltd. (Japan) | 100 | 2,331 | ||||
IDEX Corp. | 2,510 | 579,885 | ||||
Illinois Tool Works, Inc.(a) | 9,200 | 2,239,740 | ||||
Indutrade AB (Sweden) | 200 | 4,256 | ||||
Ingersoll Rand, Inc. | 13,500 | 785,430 | ||||
Komatsu Ltd. (Japan) | 200 | 4,965 | ||||
Nordson Corp. | 1,700 | 377,842 | ||||
Otis Worldwide Corp. | 13,701 | 1,156,364 | ||||
PACCAR, Inc. | 17,614 | 1,289,345 | ||||
Parker-Hannifin Corp. | 4,265 | 1,433,509 | ||||
Pentair PLC | 5,377 | 297,187 |
A6
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Machinery (cont’d.) | ||||||
Rational AG (Germany) | 25 | $16,805 | ||||
Schindler Holding AG (Switzerland) | 35 | 7,407 | ||||
Snap-on, Inc. | 1,700 | 419,713 | ||||
Stanley Black & Decker, Inc. | 5,047 | 406,687 | ||||
Toyota Industries Corp. (Japan) | 200 | 11,142 | ||||
Volvo AB (Sweden) (Class A Stock) | 442 | 9,507 | ||||
Volvo AB (Sweden) (Class B Stock) | 1,111 | 22,894 | ||||
Westinghouse Air Brake Technologies Corp. | 6,151 | 621,620 | ||||
Xylem, Inc.(a) | 6,200 | 649,140 | ||||
20,798,351 | ||||||
Marine Transportation — 0.0% | ||||||
AP Moller - Maersk A/S (Denmark) (Class A Stock) | 2 | 3,548 | ||||
Media — 0.4% | ||||||
Charter Communications, Inc. (Class A Stock)*(a) | 3,460 | 1,237,331 | ||||
Comcast Corp. (Class A Stock) | 139,380 | 5,283,896 | ||||
Dentsu Group, Inc. (Japan) | 300 | 10,574 | ||||
DISH Network Corp. (Class A Stock)* | 9,017 | 84,129 | ||||
Fox Corp. (Class A Stock) | 10,200 | 347,310 | ||||
Fox Corp. (Class B Stock) | 4,733 | 148,190 | ||||
Hakuhodo DY Holdings, Inc. (Japan) | 6,300 | 71,426 | ||||
Informa PLC (United Kingdom) | 9,262 | 79,389 | ||||
Interpublic Group of Cos., Inc. (The) | 13,631 | 507,618 | ||||
News Corp. (Class A Stock) | 13,675 | 236,167 | ||||
News Corp. (Class B Stock) | 4,800 | 83,664 | ||||
Omnicom Group, Inc. | 6,900 | 650,946 | ||||
Paramount Global (Class B Stock)(a) | 17,930 | 400,018 | ||||
Publicis Groupe SA (France) | 1,290 | 100,697 | ||||
WPP PLC (United Kingdom) | 801 | 9,517 | ||||
9,250,872 | ||||||
Metals & Mining — 0.2% | ||||||
ArcelorMittal SA (Luxembourg) | 2,731 | 82,739 | ||||
BHP Group Ltd. (Australia) | 6,520 | 206,123 | ||||
BlueScope Steel Ltd. (Australia) | 5,033 | 68,124 | ||||
Boliden AB (Sweden) | 202 | 7,935 | ||||
Fortescue Metals Group Ltd. (Australia) | 1,630 | 24,502 | ||||
Freeport-McMoRan, Inc. | 47,288 | 1,934,552 | ||||
Glencore PLC (Australia) | 2,945 | 16,946 | ||||
JFE Holdings, Inc. (Japan) | 700 | 8,885 | ||||
Newmont Corp. | 26,800 | 1,313,736 | ||||
Nippon Steel Corp. (Japan) | 4,300 | 101,400 | ||||
Norsk Hydro ASA (Norway) | 960 | 7,165 | ||||
Nucor Corp. | 8,500 | 1,312,995 | ||||
Pilbara Minerals Ltd. (Australia) | 1,670 | 4,443 | ||||
Rio Tinto Ltd. (Australia) | 275 | 22,096 | ||||
Rio Tinto PLC (Australia) | 821 | 55,728 | ||||
South32 Ltd. (Australia) | 3,317 | 9,721 | ||||
Steel Dynamics, Inc. | 5,450 | 616,177 | ||||
Sumitomo Metal Mining Co. Ltd. (Japan) | 300 | 11,479 | ||||
voestalpine AG (Austria) | 240 | 8,161 | ||||
5,812,907 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Multi-Utilities — 0.4% | ||||||
Ameren Corp. | 8,500 | $734,315 | ||||
CenterPoint Energy, Inc. | 21,800 | 642,228 | ||||
CMS Energy Corp. | 10,000 | 613,800 | ||||
Consolidated Edison, Inc. | 11,900 | 1,138,473 | ||||
Dominion Energy, Inc. | 27,615 | 1,543,955 | ||||
DTE Energy Co. | 6,400 | 701,056 | ||||
E.ON SE (Germany) | 8,573 | 106,946 | ||||
Engie SA (France) | 1,349 | 21,347 | ||||
NiSource, Inc. | 13,600 | 380,256 | ||||
Public Service Enterprise Group, Inc. | 16,900 | 1,055,405 | ||||
Sempra Energy | 10,619 | 1,605,168 | ||||
WEC Energy Group, Inc. | 10,413 | 987,048 | ||||
9,529,997 | ||||||
Office REITs — 0.0% | ||||||
Alexandria Real Estate Equities, Inc. | 5,080 | 637,997 | ||||
Boston Properties, Inc. | 4,900 | 265,188 | ||||
Japan Real Estate Investment Corp. (Japan) | 16 | 63,764 | ||||
966,949 | ||||||
Oil, Gas & Consumable Fuels — 2.0% | ||||||
APA Corp. | 10,914 | 393,559 | ||||
BP PLC (United Kingdom) | 26,661 | 168,512 | ||||
Chevron Corp. | 58,922 | 9,613,714 | ||||
ConocoPhillips | 40,519 | 4,019,890 | ||||
Coterra Energy, Inc. | 26,800 | 657,672 | ||||
Devon Energy Corp. | 22,000 | 1,113,420 | ||||
Diamondback Energy, Inc. | 6,200 | 838,054 | ||||
EOG Resources, Inc. | 19,400 | 2,223,822 | ||||
EQT Corp. | 12,500 | 398,875 | ||||
Equinor ASA (Norway) | 3,649 | 103,735 | ||||
Exxon Mobil Corp. | 136,399 | 14,957,514 | ||||
Hess Corp. | 9,400 | 1,243,996 | ||||
Inpex Corp. (Japan) | 800 | 8,466 | ||||
Kinder Morgan, Inc.(a) | 66,598 | 1,166,131 | ||||
Marathon Oil Corp. | 21,982 | 526,689 | ||||
Marathon Petroleum Corp. | 15,019 | 2,025,012 | ||||
Occidental Petroleum Corp.(a) | 24,104 | 1,504,813 | ||||
ONEOK, Inc. | 15,000 | 953,100 | ||||
Phillips 66 | 15,438 | 1,565,104 | ||||
Pioneer Natural Resources Co. | 7,850 | 1,603,284 | ||||
Repsol SA (Spain) | 999 | 15,362 | ||||
Shell PLC (Netherlands) | 6,178 | 176,064 | ||||
Targa Resources Corp. | 7,700 | 561,715 | ||||
TotalEnergies SE (France) | 2,396 | 141,277 | ||||
Valero Energy Corp. | 12,700 | 1,772,920 | ||||
Williams Cos., Inc. (The) | 40,300 | 1,203,358 | ||||
48,956,058 | ||||||
Paper & Forest Products — 0.0% | ||||||
Holmen AB (Sweden) (Class B Stock) | 210 | 8,096 | ||||
Oji Holdings Corp. (Japan) | 1,800 | 7,127 | ||||
15,223 | ||||||
Passenger Airlines — 0.1% | ||||||
Alaska Air Group, Inc.* | 4,300 | 180,428 |
A7
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Passenger Airlines (cont’d.) | ||||||
American Airlines Group, Inc.* | 22,500 | $331,875 | ||||
Delta Air Lines, Inc.* | 21,200 | 740,304 | ||||
Deutsche Lufthansa AG (Germany)* | 8,649 | 96,199 | ||||
Qantas Airways Ltd. (Australia)* | 16,563 | 73,928 | ||||
Singapore Airlines Ltd. (Singapore) | 1,000 | 4,313 | ||||
Southwest Airlines Co. | 20,600 | 670,324 | ||||
United Airlines Holdings, Inc.* | 11,200 | 495,600 | ||||
2,592,971 | ||||||
Personal Care Products — 0.1% | ||||||
Estee Lauder Cos., Inc. (The) (Class A Stock) | 7,600 | 1,873,096 | ||||
Kao Corp. (Japan) | 300 | 11,678 | ||||
L’Oreal SA (France) | 141 | 63,005 | ||||
Unilever PLC (United Kingdom) | 1,894 | 98,145 | ||||
2,045,924 | ||||||
Pharmaceuticals — 2.0% | ||||||
Astellas Pharma, Inc. (Japan) | 1,300 | 18,469 | ||||
AstraZeneca PLC (United Kingdom) | 683 | 94,633 | ||||
Bayer AG (Germany) | 722 | 46,123 | ||||
Bristol-Myers Squibb Co. | 71,670 | 4,967,448 | ||||
Catalent, Inc.* | 6,300 | 413,973 | ||||
Chugai Pharmaceutical Co. Ltd. (Japan) | 500 | 12,346 | ||||
Eli Lilly & Co. | 26,100 | 8,963,262 | ||||
GSK PLC | 7,837 | 138,474 | ||||
Ipsen SA (France) | 28 | 3,083 | ||||
Johnson & Johnson | 87,158 | 13,509,490 | ||||
Merck & Co., Inc. | 83,933 | 8,929,632 | ||||
Novartis AG (Switzerland) | 2,534 | 232,668 | ||||
Novo Nordisk A/S (Denmark) (Class B Stock) | 1,783 | 283,179 | ||||
Ono Pharmaceutical Co. Ltd. (Japan) | 3,400 | 70,850 | ||||
Organon & Co. | 8,753 | 205,871 | ||||
Orion OYJ (Finland) (Class B Stock) | 240 | 10,727 | ||||
Otsuka Holdings Co. Ltd. (Japan) | 300 | 9,525 | ||||
Pfizer, Inc. | 185,970 | 7,587,576 | ||||
Roche Holding AG | 640 | 182,875 | ||||
Sanofi | 1,614 | 175,085 | ||||
Shionogi & Co. Ltd. (Japan) | 200 | 9,021 | ||||
Viatris, Inc. | 41,986 | 403,905 | ||||
Zoetis, Inc. | 15,400 | 2,563,176 | ||||
48,831,391 | ||||||
Professional Services — 0.4% | ||||||
Automatic Data Processing, Inc. | 13,700 | 3,050,031 | ||||
BayCurrent Consulting, Inc. (Japan) | 1,800 | 74,733 | ||||
Broadridge Financial Solutions, Inc. | 3,900 | 571,623 | ||||
CoStar Group, Inc.* | 13,700 | 943,245 | ||||
Equifax, Inc. | 4,000 | 811,360 | ||||
Jacobs Solutions, Inc. | 4,200 | 493,542 | ||||
Leidos Holdings, Inc. | 4,500 | 414,270 | ||||
Paychex, Inc. | 10,600 | 1,214,654 | ||||
Randstad NV (Netherlands) | 1,016 | 60,314 | ||||
Robert Half International, Inc.(a) | 3,800 | 306,166 | ||||
Verisk Analytics, Inc.(a) | 5,100 | 978,486 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Professional Services (cont’d.) | ||||||
Wolters Kluwer NV (Netherlands) | 570 | $71,955 | ||||
8,990,379 | ||||||
Real Estate Management & Development — 0.0% | ||||||
CBRE Group, Inc. (Class A Stock)* | 10,700 | 779,067 | ||||
CK Asset Holdings Ltd. (Hong Kong) | 1,500 | 9,094 | ||||
Daito Trust Construction Co. Ltd. (Japan) | 900 | 89,667 | ||||
Daiwa House Industry Co. Ltd. (Japan) | 400 | 9,425 | ||||
Mitsui Fudosan Co. Ltd. (Japan) | 700 | 13,149 | ||||
New World Development Co. Ltd. (Hong Kong) | 4,000 | 10,722 | ||||
Nomura Real Estate Holdings, Inc. (Japan) | 100 | 2,214 | ||||
Sino Land Co. Ltd. (Hong Kong) | 8,000 | 10,819 | ||||
Swire Pacific Ltd. (Hong Kong) (Class A Stock) | 500 | 3,842 | ||||
927,999 | ||||||
Residential REITs — 0.2% | ||||||
AvalonBay Communities, Inc. | 4,475 | 752,069 | ||||
Camden Property Trust | 3,800 | 398,392 | ||||
Equity Residential | 11,700 | 702,000 | ||||
Essex Property Trust, Inc. | 2,150 | 449,651 | ||||
Invitation Homes, Inc.(a) | 19,600 | 612,108 | ||||
Mid-America Apartment Communities, Inc. | 3,800 | 573,952 | ||||
UDR, Inc. | 10,300 | 422,918 | ||||
3,911,090 | ||||||
Retail REITs — 0.1% | ||||||
Federal Realty Investment Trust | 2,400 | 237,192 | ||||
Kimco Realty Corp. | 21,400 | 417,942 | ||||
Realty Income Corp.(a) | 20,700 | 1,310,724 | ||||
Regency Centers Corp. | 5,000 | 305,900 | ||||
Scentre Group (Australia) | 3,778 | 6,994 | ||||
Simon Property Group, Inc. | 10,993 | 1,230,886 | ||||
Unibail-Rodamco-Westfield (France)* | 88 | 4,735 | ||||
Vicinity Ltd. (Australia) | 8,550 | 11,182 | ||||
3,525,555 | ||||||
Semiconductors & Semiconductor Equipment — 3.1% | ||||||
Advanced Micro Devices, Inc.* | 53,399 | 5,233,636 | ||||
Analog Devices, Inc. | 16,747 | 3,302,843 | ||||
Applied Materials, Inc. | 27,900 | 3,426,957 | ||||
ASM International NV (Netherlands) | 35 | 14,207 | ||||
ASML Holding NV (Netherlands) | 309 | 210,567 | ||||
Broadcom, Inc. | 13,840 | 8,878,914 | ||||
Enphase Energy, Inc.* | 4,500 | 946,260 | ||||
First Solar, Inc.* | 3,200 | 696,000 | ||||
Infineon Technologies AG (Germany) | 1,640 | 67,347 | ||||
Intel Corp.(a) | 137,100 | 4,479,057 | ||||
KLA Corp. | 4,450 | 1,776,306 | ||||
Lam Research Corp. | 4,350 | 2,306,022 | ||||
Microchip Technology, Inc.(a) | 18,100 | 1,516,418 | ||||
Micron Technology, Inc.(a) | 36,100 | 2,178,274 | ||||
Monolithic Power Systems, Inc. | 1,400 | 700,756 |
A8
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Semiconductors & Semiconductor Equipment (cont’d.) | ||||||
NVIDIA Corp. | 81,460 | $22,627,144 | ||||
NXP Semiconductors NV (China) | 8,600 | 1,603,685 | ||||
ON Semiconductor Corp.* | 14,500 | 1,193,640 | ||||
Qorvo, Inc.* | 3,207 | 325,735 | ||||
QUALCOMM, Inc. | 36,900 | 4,707,702 | ||||
Renesas Electronics Corp. (Japan)* | 900 | 13,033 | ||||
Skyworks Solutions, Inc. | 5,400 | 637,092 | ||||
SolarEdge Technologies, Inc.* | 1,800 | 547,110 | ||||
STMicroelectronics NV (Singapore) | 2,266 | 120,741 | ||||
SUMCO Corp. (Japan) | 5,900 | 88,759 | ||||
Teradyne, Inc.(a) | 5,300 | 569,803 | ||||
Texas Instruments, Inc. | 30,000 | 5,580,300 | ||||
73,748,308 | ||||||
Software — 4.5% | ||||||
Adobe, Inc.* | 15,180 | 5,849,917 | ||||
ANSYS, Inc.* | 2,800 | 931,840 | ||||
Autodesk, Inc.* | 7,100 | 1,477,936 | ||||
Cadence Design Systems, Inc.* | 9,200 | 1,932,828 | ||||
Ceridian HCM Holding, Inc.* | 5,050 | 369,761 | ||||
Fair Isaac Corp.* | 840 | 590,260 | ||||
Fortinet, Inc.* | 21,500 | 1,428,890 | ||||
Gen Digital, Inc. | 18,778 | 322,231 | ||||
Intuit, Inc. | 9,180 | 4,092,719 | ||||
Microsoft Corp. | 246,620 | 71,100,546 | ||||
Oracle Corp. (SGMX) | 50,850 | 4,724,982 | ||||
Oracle Corp. (Japan) (XTKS) | 500 | 36,110 | ||||
Paycom Software, Inc.* | 1,520 | 462,095 | ||||
PTC, Inc.* | 3,600 | 461,628 | ||||
Roper Technologies, Inc. | 3,380 | 1,489,532 | ||||
Salesforce, Inc.* | 33,150 | 6,622,707 | ||||
SAP SE (Germany) | 237 | 29,926 | ||||
ServiceNow, Inc.* | 6,650 | 3,090,388 | ||||
Synopsys, Inc.* | 4,900 | 1,892,625 | ||||
Tyler Technologies, Inc.* | 1,310 | 464,578 | ||||
WiseTech Global Ltd. (Australia) | 110 | 4,846 | ||||
Xero Ltd. (New Zealand)* | 849 | 51,493 | ||||
107,427,838 | ||||||
Specialized REITs — 0.6% | ||||||
American Tower Corp. | 15,360 | 3,138,663 | ||||
Crown Castle, Inc. | 14,300 | 1,913,912 | ||||
Digital Realty Trust, Inc. | 9,700 | 953,607 | ||||
Equinix, Inc. | 3,104 | 2,238,108 | ||||
Extra Space Storage, Inc. | 4,400 | 716,892 | ||||
Iron Mountain, Inc. | 10,002 | 529,206 | ||||
Public Storage | 5,220 | 1,577,171 | ||||
SBA Communications Corp. | 3,600 | 939,852 | ||||
VICI Properties, Inc. | 33,100 | 1,079,722 | ||||
Weyerhaeuser Co. | 24,918 | 750,779 | ||||
13,837,912 | ||||||
Specialty Retail — 1.0% | ||||||
Advance Auto Parts, Inc. | 2,100 | 255,381 | ||||
AutoZone, Inc.* | 620 | 1,524,053 | ||||
Bath & Body Works, Inc. | 8,106 | 296,518 | ||||
Best Buy Co., Inc. | 6,875 | 538,106 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Specialty Retail (cont’d.) | ||||||
CarMax, Inc.* | 5,600 | $359,968 | ||||
Fast Retailing Co. Ltd. (Japan) | 100 | 21,891 | ||||
Home Depot, Inc. (The) | 33,750 | 9,960,300 | ||||
Industria de Diseno Textil SA (Spain) | 3,454 | 116,038 | ||||
JD Sports Fashion PLC (United Kingdom) | 1,900 | 4,184 | ||||
Lowe’s Cos., Inc. | 20,000 | 3,999,400 | ||||
O’Reilly Automotive, Inc.* | 2,050 | 1,740,409 | ||||
Ross Stores, Inc. | 11,400 | 1,209,882 | ||||
TJX Cos., Inc. (The) | 38,300 | 3,001,188 | ||||
Tractor Supply Co. | 3,500 | 822,640 | ||||
Ulta Beauty, Inc.* | 1,700 | 927,639 | ||||
USS Co. Ltd. (Japan) | 500 | 8,675 | ||||
24,786,272 | ||||||
Technology Hardware, Storage & Peripherals — 3.5% | ||||||
Apple, Inc. | 492,840 | 81,269,316 | ||||
Canon, Inc. (Japan) | 4,600 | 102,441 | ||||
FUJIFILM Holdings Corp. (Japan) | 800 | 40,610 | ||||
Hewlett Packard Enterprise Co. | 43,348 | 690,534 | ||||
HP, Inc. | 29,148 | 855,494 | ||||
NetApp, Inc. | 7,100 | 453,335 | ||||
Seagate Technology Holdings PLC(a) | 6,500 | 429,780 | ||||
Western Digital Corp.* | 11,303 | 425,784 | ||||
84,267,294 | ||||||
Textiles, Apparel & Luxury Goods — 0.3% | ||||||
Burberry Group PLC (United Kingdom) | 281 | 8,998 | ||||
Cie Financiere Richemont SA (Switzerland) (Class A Stock) | 396 | 63,501 | ||||
Hermes International (France) | 67 | 135,692 | ||||
LVMH Moet Hennessy Louis Vuitton SE (France) | 207 | 190,007 | ||||
NIKE, Inc. (Class B Stock) | 41,200 | 5,052,768 | ||||
Ralph Lauren Corp.(a) | 1,400 | 163,338 | ||||
Swatch Group AG (The) (Switzerland) (SGMX) | 142 | 48,904 | ||||
Swatch Group AG (The) (Switzerland) (BATE) | 77 | 4,882 | ||||
Tapestry, Inc. | 8,300 | 357,813 | ||||
VF Corp. | 11,300 | 258,883 | ||||
6,284,786 | ||||||
Tobacco — 0.3% | ||||||
Altria Group, Inc. | 59,100 | 2,637,042 | ||||
British American Tobacco PLC (United Kingdom) | 3,953 | 138,570 | ||||
Imperial Brands PLC (United Kingdom) | 665 | 15,292 | ||||
Japan Tobacco, Inc. (Japan) | 1,800 | 38,023 | ||||
Philip Morris International, Inc. | 51,300 | 4,988,925 | ||||
7,817,852 | ||||||
Trading Companies & Distributors — 0.1% | ||||||
Ashtead Group PLC (United Kingdom) | 1,650 | 101,318 | ||||
Bunzl PLC (United Kingdom) | 250 | 9,443 | ||||
Fastenal Co. | 19,300 | 1,041,042 | ||||
IMCD NV (Netherlands) | 120 | 19,622 |
A9
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Trading Companies & Distributors (cont’d.) | ||||||
ITOCHU Corp. (Japan) | 900 | $29,310 | ||||
Marubeni Corp. (Japan) | 1,100 | 14,960 | ||||
Mitsubishi Corp. (Japan) | 900 | 32,343 | ||||
Mitsui & Co. Ltd. (Japan) | 3,900 | 121,562 | ||||
United Rentals, Inc. | 2,200 | 870,672 | ||||
W.W. Grainger, Inc. | 1,520 | 1,046,991 | ||||
3,287,263 | ||||||
Transportation Infrastructure — 0.0% | ||||||
Aena SME SA (Spain), 144A* | 55 | 8,894 | ||||
Water Utilities — 0.0% | ||||||
American Water Works Co., Inc. | 6,600 | 966,834 | ||||
Wireless Telecommunication Services — 0.1% | ||||||
SoftBank Group Corp. (Japan) | 900 | 35,382 | ||||
Tele2 AB (Sweden) (Class B Stock) | 430 | 4,280 | ||||
T-Mobile US, Inc.* | 19,600 | 2,838,864 | ||||
2,878,526 | ||||||
Total Common Stocks (cost $274,520,252) | 1,149,375,026 | |||||
Exchange-Traded Funds — 0.7% | ||||||
iShares Core S&P 500 ETF | 39,300 | 16,155,444 | ||||
iShares MSCI EAFE ETF | 659 | 47,132 | ||||
Total Exchange-Traded Funds (cost $13,264,538) | 16,202,576 | |||||
Preferred Stocks — 0.0% | ||||||
Automobiles — 0.0% | ||||||
Bayerische Motoren Werke AG (Germany) (PRFC) | 75 | 7,666 | ||||
Volkswagen AG (Germany) (PRFC) | 137 | 18,697 | ||||
26,363 | ||||||
Banks — 0.0% | ||||||
Citigroup Capital XIII, 11.172%(c), 3 Month LIBOR + 6.370%, Maturing 10/30/40 | 20,000 | 570,800 | ||||
Capital Markets — 0.0% | ||||||
State Street Corp., 5.350%(c), 3 Month LIBOR + 3.709%, Series G, Maturing 03/15/26(oo) | 30,000 | 752,100 | ||||
Total Preferred Stocks (cost $1,273,243) | 1,349,263 |
Units | |||||
Rights* — 0.0% | |||||
Health Care Equipment & Supplies | |||||
ABIOMED, Inc., expiring 12/31/23^ | 1,460 | — | |||
(cost $0) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities — 8.2% | |||||||
Automobiles — 2.3% | |||||||
AmeriCredit Automobile Receivables Trust, | |||||||
Series 2019-02, Class C | |||||||
2.740% | 04/18/25 | 830 | $822,196 | ||||
Series 2019-03, Class C | |||||||
2.320% | 07/18/25 | 1,891 | 1,868,970 | ||||
Series 2021-02, Class C | |||||||
1.010% | 01/19/27 | 900 | 821,352 | ||||
Series 2021-03, Class C | |||||||
1.410% | 08/18/27 | 900 | 817,358 | ||||
Avis Budget Rental Car Funding AESOP LLC, | |||||||
Series 2019-02A, Class A, 144A | |||||||
3.350% | 09/22/25 | 2,000 | 1,945,453 | ||||
Series 2019-03A, Class A, 144A | |||||||
2.360% | 03/20/26 | 2,700 | 2,559,772 | ||||
Series 2020-01A, Class A, 144A | |||||||
2.330% | 08/20/26 | 1,300 | 1,220,533 | ||||
Series 2021-01A, Class A, 144A | |||||||
1.380% | 08/20/27 | 2,400 | 2,127,254 | ||||
Series 2021-02A, Class A, 144A | |||||||
1.660% | 02/20/28 | 2,600 | 2,286,015 | ||||
Series 2022-01A, Class A, 144A | |||||||
3.830% | 08/21/28 | 2,900 | 2,754,678 | ||||
Series 2023-02A, Class A, 144A | |||||||
5.200% | 10/20/27 | 1,300 | 1,296,985 | ||||
CarMax Auto Owner Trust, | |||||||
Series 2021-02, Class C | |||||||
1.340% | 02/16/27 | 800 | 738,526 | ||||
Series 2021-04, Class C | |||||||
1.380% | 07/15/27 | 600 | 541,488 | ||||
Ford Credit Auto Owner Trust, | |||||||
Series 2018-01, Class A, 144A | |||||||
3.190% | 07/15/31 | 1,800 | 1,746,145 | ||||
Series 2019-01, Class A, 144A | |||||||
3.520% | 07/15/30 | 1,400 | 1,379,838 | ||||
Series 2020-01, Class A, 144A | |||||||
2.040% | 08/15/31 | 2,500 | 2,372,655 | ||||
Series 2020-02, Class A, 144A | |||||||
1.060% | 04/15/33 | 900 | 819,853 | ||||
Series 2021-02, Class B, 144A | |||||||
1.910% | 05/15/34 | 400 | 356,298 | ||||
Series 2023-01, Class A, 144A | |||||||
4.850% | 08/15/35 | 2,700 | 2,706,354 | ||||
GM Financial Revolving Receivables Trust, | |||||||
Series 2021-01, Class B, 144A | |||||||
1.490% | 06/12/34 | 200 | 171,836 | ||||
Hertz Vehicle Financing III LLC, | |||||||
Series 2023-01A, Class A, 144A | |||||||
5.490% | 06/25/27 | 2,500 | 2,513,701 | ||||
Hertz Vehicle Financing III LP, | |||||||
Series 2021-02A, Class A, 144A | |||||||
1.680% | 12/27/27 | 1,300 | 1,151,496 | ||||
Hertz Vehicle Financing LLC, | |||||||
Series 2021-01A, Class A, 144A | |||||||
1.210% | 12/26/25 | 1,500 | 1,404,081 | ||||
Series 2022-02A, Class A, 144A | |||||||
2.330% | 06/26/28 | 3,300 | 2,935,908 |
A10
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Automobiles (cont’d.) | |||||||
OneMain Direct Auto Receivables Trust, | |||||||
Series 2019-01A, Class A, 144A | |||||||
3.630% | 09/14/27 | 4,100 | $3,981,148 | ||||
Series 2021-01A, Class B, 144A | |||||||
1.260% | 07/14/28 | 1,800 | 1,615,785 | ||||
Series 2023-01A, Class A, 144A | |||||||
5.410% | 11/14/29 | 3,200 | 3,222,477 | ||||
Santander Drive Auto Receivables Trust, | |||||||
Series 2020-02, Class C | |||||||
1.460% | 09/15/25 | 5 | 4,681 | ||||
Series 2020-03, Class C | |||||||
1.120% | 01/15/26 | 374 | 372,386 | ||||
Series 2020-04, Class C | |||||||
1.010% | 01/15/26 | 413 | 409,595 | ||||
Series 2021-02, Class C | |||||||
0.900% | 06/15/26 | 719 | 706,188 | ||||
Series 2021-02, Class D | |||||||
1.350% | 07/15/27 | 1,700 | 1,604,030 | ||||
Series 2021-03, Class C | |||||||
0.950% | 09/15/27 | 1,400 | 1,358,895 | ||||
Series 2021-04, Class C | |||||||
1.260% | 02/16/27 | 1,900 | 1,807,746 | ||||
Series 2022-01, Class C | |||||||
2.560% | 04/17/28 | 1,100 | 1,055,409 | ||||
Series 2023-01, Class C | |||||||
5.090% | 05/15/30 | 600 | 593,033 | ||||
World Omni Select Auto Trust, | |||||||
Series 2021-A, Class C | |||||||
1.090% | 11/15/27 | 400 | 361,972 | ||||
54,452,090 | |||||||
Collateralized Loan Obligations — 5.0% | |||||||
Anchorage Capital CLO Ltd. (Cayman Islands), | |||||||
Series 2020-15A, Class AR, 144A, 3 Month LIBOR + 1.200% (Cap N/A, Floor 1.200%) | |||||||
6.008%(c) | 07/20/34 | 2,000 | 1,952,914 | ||||
Balboa Bay Loan Funding Ltd. (Cayman Islands), | |||||||
Series 2021-01A, Class A, 144A, 3 Month LIBOR + 1.200% (Cap N/A, Floor 1.200%) | |||||||
6.008%(c) | 07/20/34 | 2,500 | 2,442,883 | ||||
Battalion CLO Ltd. (Cayman Islands), | |||||||
Series 2016-10A, Class A1R2, 144A, 3 Month LIBOR + 1.170% (Cap N/A, Floor 1.170%) | |||||||
5.986%(c) | 01/25/35 | 6,520 | 6,350,240 | ||||
Benefit Street Partners CLO Ltd. (Cayman Islands), | |||||||
Series 2013-IIA, Class A1R2, 144A, 3 Month LIBOR + 0.870% (Cap N/A, Floor 0.870%) | |||||||
5.662%(c) | 07/15/29 | 426 | 422,936 | ||||
BNPP AM Euro CLO DAC (Ireland), | |||||||
Series 2018-01A, Class AR, 144A, 3 Month EURIBOR + 0.600% (Cap N/A, Floor 0.600%) | |||||||
2.888%(c) | 04/15/31 | EUR | 1,750 | 1,844,666 | |||
Canyon Capital CLO Ltd. (Cayman Islands), | |||||||
Series 2017-01A, Class AR, 144A, 3 Month LIBOR + 1.000% (Cap N/A, Floor 1.000%) | |||||||
5.792%(c) | 07/15/30 | 2,720 | 2,685,163 |
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%) | |||||||
5.888%(c) | 01/20/32 | 6,750 | $6,651,297 | ||||
CarVal CLO Ltd. (Jersey), | |||||||
Series 2023-01A, Class A1, 144A, 3 Month SOFR + 2.200% (Cap N/A, Floor 2.200%) | |||||||
6.883%(c) | 01/20/35 | 4,500 | 4,523,967 | ||||
CIFC Funding Ltd. (Cayman Islands), | |||||||
Series 2014-05A, Class A1R2, 144A, 3 Month LIBOR + 1.200% (Cap N/A, Floor 1.200%) | |||||||
5.992%(c) | 10/17/31 | 7,000 | 6,929,301 | ||||
CVC Cordatus Loan Fund DAC (Ireland), | |||||||
Series 14A, Class A1R, 144A, 3 Month EURIBOR + 0.850% (Cap N/A, Floor 0.850%) | |||||||
3.517%(c) | 05/22/32 | EUR | 1,750 | 1,852,834 | |||
Series 14A, Class A2R, 144A | |||||||
1.250% | 05/22/32 | EUR | 3,800 | 3,811,172 | |||
Elevation CLO Ltd. (Cayman Islands), | |||||||
Series 2017-06A, Class A1, 144A, 3 Month LIBOR + 1.280% (Cap N/A, Floor 1.280%) | |||||||
6.072%(c) | 07/15/29 | 359 | 356,297 | ||||
Greenwood Park CLO Ltd. (Cayman Islands), | |||||||
Series 2018-01A, Class A2, 144A, 3 Month LIBOR + 1.010% (Cap N/A, Floor 0.000%) | |||||||
5.802%(c) | 04/15/31 | 1,000 | 988,125 | ||||
HPS Loan Management Ltd. (Cayman Islands), | |||||||
Series 2015-06A, Class A1R, 144A, 3 Month LIBOR + 1.000% (Cap N/A, Floor 0.000%) | |||||||
5.806%(c) | 02/05/31 | 248 | 246,204 | ||||
ICG US CLO Ltd. (Cayman Islands), | |||||||
Series 2015-01A, Class A1R, 144A, 3 Month LIBOR + 1.140% (Cap N/A, Floor 1.140%) | |||||||
5.938%(c) | 10/19/28 | 4,365 | 4,332,240 | ||||
Jamestown CLO Ltd. (Cayman Islands), | |||||||
Series 2019-01A, Class A1, 144A, 3 Month LIBOR + 1.470% (Cap N/A, Floor 1.470%) | |||||||
6.278%(c) | 04/20/32 | 7,500 | 7,431,484 | ||||
Jefferson Mill CLO Ltd. (Cayman Islands), | |||||||
Series 2015-01A, Class AR, 144A, 3 Month LIBOR + 1.175% (Cap N/A, Floor 0.000%) | |||||||
5.983%(c) | 10/20/31 | 4,237 | 4,162,109 | ||||
KKR Static CLO Ltd. (Cayman Islands), | |||||||
Series 2022-02A, Class A1, 144A, 3 Month SOFR + 2.220% (Cap N/A, Floor 2.220%) | |||||||
6.738%(c) | 10/20/31 | 2,000 | 2,001,954 | ||||
Madison Park Funding Ltd. (Cayman Islands), | |||||||
Series 2019-33A, Class AR, 144A, 3 Month SOFR + 1.290% (Cap N/A, Floor 1.290%) | |||||||
5.948%(c) | 10/15/32 | 6,000 | 5,946,553 | ||||
MidOcean Credit CLO (Cayman Islands), | |||||||
Series 2014-03A, Class A1R, 144A, 3 Month LIBOR + 1.120% (Cap N/A, Floor 1.120%) | |||||||
5.935%(c) | 04/21/31 | 3,459 | 3,411,806 |
A11
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Collateralized Loan Obligations (cont’d.) | |||||||
Mountain View CLO Ltd. (Cayman Islands), | |||||||
Series 2015-09A, Class A1R, 144A, 3 Month LIBOR + 1.120% (Cap N/A, Floor 0.000%) | |||||||
5.912%(c) | 07/15/31 | 2,500 | $2,465,409 | ||||
Northwoods Capital Ltd. (Cayman Islands), | |||||||
Series 2020-22A, Class AR, 144A, 3 Month SOFR + 1.450% (Cap N/A, Floor 1.450%) | |||||||
6.356%(c) | 09/01/31 | 4,000 | 3,954,393 | ||||
OCP CLO Ltd. (Cayman Islands), | |||||||
Series 2015-09A, Class A1R2, 144A, 3 Month SOFR + 1.250% (Cap N/A, Floor 1.250%) | |||||||
5.882%(c) | 01/15/33 | 2,500 | 2,453,603 | ||||
Octagon Investment Partners 31 Ltd. (Cayman Islands), | |||||||
Series 2017-01A, Class AR, 144A, 3 Month LIBOR + 1.050% (Cap N/A, Floor 1.050%) | |||||||
5.858%(c) | 07/20/30 | 2,425 | 2,399,616 | ||||
OFSI BSL Ltd. (Cayman Islands), | |||||||
Series 2023-12A, Class A1, 144A, 3 Month SOFR + 2.400% (Cap N/A, Floor 2.400%) | |||||||
7.355%(c) | 01/20/35 | 4,600 | 4,618,254 | ||||
OZLM Ltd. (Cayman Islands), | |||||||
Series 2014-06A, Class A1S, 144A, 3 Month LIBOR + 1.080% (Cap N/A, Floor 0.000%) | |||||||
5.872%(c) | 04/17/31 | 2,956 | 2,903,968 | ||||
Series 2015-11A, Class A1R, 144A, 3 Month LIBOR + 1.250% (Cap N/A, Floor 0.000%) | |||||||
6.052%(c) | 10/30/30 | 692 | 685,767 | ||||
Palmer Square CLO Ltd. (Cayman Islands), | |||||||
Series 2015-02A, Class A1R2, 144A, 3 Month LIBOR + 1.100% (Cap N/A, Floor 0.000%) | |||||||
5.908%(c) | 07/20/30 | 4,746 | 4,702,586 | ||||
Regatta Funding Ltd. (Cayman Islands), | |||||||
Series 2016-01A, Class A1R2, 144A, 3 Month LIBOR + 1.150% (Cap N/A, Floor 1.150%) | |||||||
6.113%(c) | 06/20/34 | 3,750 | 3,653,183 | ||||
Sixth Street CLO Ltd. (Cayman Islands), | |||||||
Series 2020-16A, Class A1A, 144A, 3 Month LIBOR + 1.320% (Cap N/A, Floor 1.320%) | |||||||
6.128%(c) | 10/20/32 | 2,500 | 2,472,162 | ||||
TCW CLO Ltd. (Cayman Islands), | |||||||
Series 2021-02A, Class AS, 144A, 3 Month LIBOR + 1.180% (Cap N/A, Floor 1.180%) | |||||||
5.998%(c) | 07/25/34 | 4,750 | 4,647,939 | ||||
TIAA CLO Ltd. (Cayman Islands), | |||||||
Series 2016-01A, Class AR, 144A, 3 Month LIBOR + 1.200% (Cap N/A, Floor 0.000%) | |||||||
6.008%(c) | 07/20/31 | 1,750 | 1,725,998 | ||||
Toro European CLO DAC (Ireland), | |||||||
Series 02A, Class ARR, 144A, 3 Month EURIBOR + 0.990% (Cap N/A, Floor 0.990%) | |||||||
3.439%(c) | 07/25/34 | EUR | 3,000 | 3,136,527 | |||
Trimaran Cavu Ltd., | |||||||
Series 2019-01A, Class A1, 144A, 3 Month LIBOR + 1.460% (Cap N/A, Floor 1.460%) | |||||||
6.268%(c) | 07/20/32 | 7,500 | 7,417,609 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Collateralized Loan Obligations (cont’d.) | |||||||
Wellfleet CLO Ltd., | |||||||
Series 2017-03A, Class A1, 144A, 3 Month LIBOR + 1.150% (Cap N/A, Floor 1.150%) | |||||||
5.942%(c) | 01/17/31 | 2,000 | $1,958,183 | ||||
Series 2018-02A, Class A1, 144A, 3 Month LIBOR + 1.200% (Cap N/A, Floor 1.200%) | |||||||
6.008%(c) | 10/20/31 | 3,750 | 3,695,698 | ||||
121,235,040 | |||||||
Consumer Loans — 0.2% | |||||||
Lendmark Funding Trust, | |||||||
Series 2019-02A, Class A, 144A | |||||||
2.780% | 04/20/28 | 1,343 | 1,320,219 | ||||
OneMain Financial Issuance Trust, | |||||||
Series 2020-01A, Class A, 144A | |||||||
3.840% | 05/14/32 | 240 | 237,892 | ||||
Series 2020-02A, Class A, 144A | |||||||
1.750% | 09/14/35 | 1,900 | 1,705,129 | ||||
Series 2021-01A, Class A2, 144A, 30 Day Average SOFR + 0.760% (Cap N/A, Floor 0.000%) | |||||||
5.318%(c) | 06/16/36 | 2,000 | 1,930,943 | ||||
5,194,183 | |||||||
Equipment — 0.2% | |||||||
MMAF Equipment Finance LLC, | |||||||
Series 2017-B, Class A5, 144A | |||||||
2.720% | 06/15/40 | 1,802 | 1,755,377 | ||||
Series 2018-A, Class A5, 144A | |||||||
3.610% | 03/10/42 | 122 | 121,143 | ||||
Series 2019-A, Class A5, 144A | |||||||
3.080% | 11/12/41 | 1,600 | 1,554,546 | ||||
Series 2019-B, Class A5, 144A | |||||||
2.290% | 11/12/41 | 1,600 | 1,490,969 | ||||
4,922,035 | |||||||
Home Equity Loans — 0.0% | |||||||
Towd Point HE Trust, | |||||||
Series 2023-01, Class A1A, 144A | |||||||
6.875% | 02/25/63 | 344 | 349,920 | ||||
Other — 0.1% | |||||||
Home Partners of America Trust, | |||||||
Series 2021-03, Class A, 144A | |||||||
2.200% | 01/17/41 | 910 | 789,196 | ||||
TH MSR Issuer Trust, | |||||||
Series 2019-FT01, Class A, 144A, 1 Month LIBOR + 2.800% (Cap N/A, Floor 2.800%) | |||||||
7.645%(c) | 06/25/24 | 2,240 | 2,107,638 | ||||
2,896,834 | |||||||
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%) | |||||||
5.595%(c) | 03/25/34 | 140 | 136,171 |
A12
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Residential Mortgage-Backed Securities (cont’d.) | |||||||
Long Beach Mortgage Loan Trust, | |||||||
Series 2004-02, Class M1, 1 Month LIBOR + 0.795% (Cap N/A, Floor 0.795%) | |||||||
5.640%(c) | 06/25/34 | 109 | $103,746 | ||||
TFS (Spain), | |||||||
Series 2018-03, Class A1, 1 Month EURIBOR + 3.000% | |||||||
5.646%(c) | 04/16/23^ | EUR | 851 | 874,588 | |||
1,114,505 | |||||||
Student Loans — 0.3% | |||||||
Commonbond Student Loan Trust, | |||||||
Series 2017-BGS, Class A1, 144A | |||||||
2.680% | 09/25/42 | 508 | 455,619 | ||||
Series 2018-AGS, Class A1, 144A | |||||||
3.210% | 02/25/44 | 365 | 341,325 | ||||
Series 2018-CGS, Class A1, 144A | |||||||
3.870% | 02/25/46 | 97 | 92,309 | ||||
Laurel Road Prime Student Loan Trust, | |||||||
Series 2017-C, Class A2B, 144A | |||||||
2.810% | 11/25/42 | 65 | 63,447 | ||||
Series 2018-B, Class A2FX, 144A | |||||||
3.540% | 05/26/43 | 129 | 126,735 | ||||
Series 2019-A, Class A2FX, 144A | |||||||
2.730% | 10/25/48 | 169 | 164,087 | ||||
Navient Private Education Refi Loan Trust, | |||||||
Series 2018-A, Class A2, 144A | |||||||
3.190% | 02/18/42 | 111 | 109,909 | ||||
Series 2018-CA, Class A2, 144A | |||||||
3.520% | 06/16/42 | 141 | 137,954 | ||||
Series 2019-CA, Class A2, 144A | |||||||
3.130% | 02/15/68 | 518 | 493,417 | ||||
Series 2020-BA, Class A2, 144A | |||||||
2.120% | 01/15/69 | 563 | 514,715 | ||||
Pennsylvania Higher Education Assistance Agency, | |||||||
Series 2021-01A, Class A, 144A, 1 Month LIBOR + 0.530% (Cap N/A, Floor 0.530%) | |||||||
5.375%(c) | 05/25/70 | 1,231 | 1,186,287 | ||||
SoFi Professional Loan Program LLC, | |||||||
Series 2019-A, Class A2FX, 144A | |||||||
3.690% | 06/15/48 | 440 | 422,332 | ||||
Series 2019-B, Class A2FX, 144A | |||||||
3.090% | 08/17/48 | 518 | 489,471 | ||||
Series 2019-C, Class A2FX, 144A | |||||||
2.370% | 11/16/48 | 810 | 755,309 | ||||
SoFi Professional Loan Program Trust, | |||||||
Series 2018-B, Class A2FX, 144A | |||||||
3.340% | 08/25/47 | 490 | 475,311 | ||||
Series 2020-A, Class A2FX, 144A | |||||||
2.540% | 05/15/46 | 1,095 | 1,020,945 | ||||
6,849,172 | |||||||
Total Asset-Backed Securities (cost $204,162,982) | 197,013,779 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Commercial Mortgage-Backed Securities — 5.6% | |||||||
Assurant Commercial Mortgage Trust, | |||||||
Series 2016-01A, Class AS, 144A | |||||||
3.172% | 05/15/49 | 2,907 | $2,794,042 | ||||
BANK, | |||||||
Series 2021-BN35, Class A3 | |||||||
1.717% | 06/15/64 | 3,500 | 2,940,251 | ||||
Series 2021-BN35, Class ASB | |||||||
2.067% | 06/15/64 | 2,300 | 1,944,228 | ||||
Series 2021-BN37, Class A4 | |||||||
2.370% | 11/15/64 | 3,900 | 3,147,862 | ||||
Barclays Commercial Mortgage Securities Trust, | |||||||
Series 2018-C02, Class A4 | |||||||
4.047% | 12/15/51 | 3,850 | 3,630,856 | ||||
Series 2021-C12, Class A4 | |||||||
2.421% | 11/15/54 | 4,500 | 3,714,213 | ||||
Benchmark Mortgage Trust, | |||||||
Series 2018-B03, Class A4 | |||||||
3.761% | 04/10/51 | 3,600 | 3,360,414 | ||||
Series 2021-B24, Class A3 | |||||||
2.010% | 03/15/54 | 2,000 | 1,717,126 | ||||
BXP Trust, | |||||||
Series 2021-601L, Class A, 144A | |||||||
2.618% | 01/15/44 | 5,500 | 4,231,063 | ||||
CFCRE Commercial Mortgage Trust, | |||||||
Series 2016-C04, Class A3 | |||||||
3.014% | 05/10/58 | 2,090 | 1,958,024 | ||||
Citigroup Commercial Mortgage Trust, | |||||||
Series 2014-GC21, Class A4 | |||||||
3.575% | 05/10/47 | 632 | 618,336 | ||||
Series 2016-C01, Class A3 | |||||||
2.944% | 05/10/49 | 2,700 | 2,514,032 | ||||
Series 2017-P07, Class A3 | |||||||
3.442% | 04/14/50 | 3,697 | 3,444,633 | ||||
Commercial Mortgage Trust, | |||||||
Series 2014-CR18, Class A4 | |||||||
3.550% | 07/15/47 | 789 | 766,186 | ||||
Series 2014-LC17, Class A4 | |||||||
3.648% | 10/10/47 | 3,024 | 2,927,157 | ||||
CSAIL Commercial Mortgage Trust, | |||||||
Series 2015-C04, Class A3 | |||||||
3.544% | 11/15/48 | 2,482 | 2,376,528 | ||||
Series 2017-C08, Class A3 | |||||||
3.127% | 06/15/50 | 3,622 | 3,279,292 | ||||
FHLMC Multifamily Structured Pass-Through Certificates, | |||||||
Series K055, Class X1, IO | |||||||
1.344%(cc) | 03/25/26 | 4,275 | 147,603 | ||||
GS Mortgage Securities Corp. Trust, | |||||||
Series 2021-RENT, Class A, 144A, 1 Month LIBOR + 0.700% (Cap N/A, Floor 0.700%) | |||||||
5.478%(c) | 11/21/35 | 1,064 | 998,824 | ||||
GS Mortgage Securities Trust, | |||||||
Series 2015-GC28, Class A4 | |||||||
3.136% | 02/10/48 | 2,763 | 2,657,446 | ||||
Series 2015-GC34, Class A3 | |||||||
3.244% | 10/10/48 | 4,545 | 4,318,434 | ||||
Series 2016-GS03, Class A3 | |||||||
2.592% | 10/10/49 | 3,901 | 3,584,911 |
A13
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Commercial Mortgage-Backed Securities (continued) | |||||||
Series 2016-GS04, Class A3 | |||||||
3.178% | 11/10/49 | 3,796 | $3,536,048 | ||||
Series 2020-GSA02, Class A4 | |||||||
1.721% | 12/12/53 | 4,150 | 3,304,401 | ||||
JPMBB Commercial Mortgage Securities Trust, | |||||||
Series 2014-C25, Class A4A1 | |||||||
3.408% | 11/15/47 | 532 | 512,925 | ||||
Series 2015-C27, Class A3A1 | |||||||
2.920% | 02/15/48 | 3,932 | 3,711,696 | ||||
JPMCC Commercial Mortgage Securities Trust, | |||||||
Series 2017-JP06, Class A3 | |||||||
3.109% | 07/15/50 | 2,717 | 2,628,092 | ||||
JPMDB Commercial Mortgage Securities Trust, | |||||||
Series 2016-C02, Class A3A | |||||||
2.881% | 06/15/49 | 2,419 | 2,275,699 | ||||
MHC Commercial Mortgage Trust, | |||||||
Series 2021-MHC, Class C, 144A, 1 Month LIBOR + 1.351% (Cap N/A, Floor 1.351%) | |||||||
6.035%(c) | 04/15/38 | 2,150 | 2,053,002 | ||||
Morgan Stanley Capital I Trust, | |||||||
Series 2015-UBS08, Class A3 | |||||||
3.540% | 12/15/48 | 4,328 | 4,113,893 | ||||
Series 2016-BNK02, Class A3 | |||||||
2.791% | 11/15/49 | 2,000 | 1,832,533 | ||||
Series 2016-UB11, Class A3 | |||||||
2.531% | 08/15/49 | 6,152 | 5,607,704 | ||||
Series 2019-H06, Class A3 | |||||||
3.158% | 06/15/52 | 5,000 | 4,462,538 | ||||
Series 2019-H07, Class A2 | |||||||
2.492% | 07/15/52 | 9,400 | 8,976,582 | ||||
UBS Commercial Mortgage Trust, | |||||||
Series 2017-C02, Class ASB | |||||||
3.264% | 08/15/50 | 2,183 | 2,083,819 | ||||
Series 2017-C05, Class A4 | |||||||
3.212% | 11/15/50 | 5,000 | 4,652,993 | ||||
Series 2018-C09, Class A3 | |||||||
3.854% | 03/15/51 | 1,745 | 1,638,533 | ||||
Series 2018-C14, Class A3 | |||||||
4.180% | 12/15/51 | 2,413 | 2,299,649 | ||||
Wells Fargo Commercial Mortgage Trust, | |||||||
Series 2016-NXS06, Class A3 | |||||||
2.642% | 11/15/49 | 4,500 | 4,158,107 | ||||
Series 2017-C38, Class A4 | |||||||
3.190% | 07/15/50 | 3,185 | 2,935,101 | ||||
Series 2019-C49, Class A3 | |||||||
3.749% | 03/15/52 | 7,300 | 6,967,123 | ||||
Series 2020-C58, Class A3 | |||||||
1.810% | 07/15/53 | 5,000 | 4,044,302 | ||||
Series 2021-C61, Class A3 | |||||||
2.406% | 11/15/54 | 9,000 | 7,296,313 | ||||
Total Commercial Mortgage-Backed Securities (cost $151,673,871) | 136,162,514 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds — 11.3% | |||||||
Aerospace & Defense — 0.3% | |||||||
Boeing Co. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
2.196% | 02/04/26 | 1,610 | $1,493,454 | ||||
3.300% | 03/01/35 | 1,920 | 1,500,067 | ||||
3.900% | 05/01/49 | 1,500 | 1,134,301 | ||||
Embraer Netherlands Finance BV (Brazil), | |||||||
Gtd. Notes | |||||||
5.050% | 06/15/25 | 551 | 532,059 | ||||
Embraer Overseas Ltd. (Brazil), | |||||||
Gtd. Notes, 144A | |||||||
5.696% | 09/16/23 | 765 | 761,175 | ||||
Raytheon Technologies Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
4.125% | 11/16/28 | 910 | 896,725 | ||||
6,317,781 | |||||||
Agriculture — 0.4% | |||||||
BAT Capital Corp. (United Kingdom), | |||||||
Gtd. Notes | |||||||
2.259% | 03/25/28 | 3,190 | 2,739,726 | ||||
3.557% | 08/15/27 | 1,365 | 1,269,402 | ||||
Philip Morris International, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
5.125% | 02/15/30 | 5,190 | 5,245,658 | ||||
Vector Group Ltd., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
5.750% | 02/01/29 | 875 | 778,363 | ||||
10,033,149 | |||||||
Airlines — 0.1% | |||||||
American Airlines 2015-1 Class A Pass-Through Trust, | |||||||
Pass-Through Certificates | |||||||
3.375% | 11/01/28 | 1,649 | 1,433,370 | ||||
Continental Airlines 2012-2 Class A Pass-Through Trust, | |||||||
Pass-Through Certificates | |||||||
4.000% | 04/29/26(a) | 224 | 216,041 | ||||
Southwest Airlines Co., | |||||||
Sr. Unsec’d. Notes | |||||||
2.625% | 02/10/30 | 1,375 | 1,169,151 | ||||
United Airlines, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.375% | 04/15/26 | 590 | 565,752 | ||||
4.625% | 04/15/29 | 115 | 104,007 | ||||
3,488,321 | |||||||
Apparel — 0.0% | |||||||
Wolverine World Wide, Inc., | |||||||
Gtd. Notes, 144A | |||||||
4.000% | 08/15/29(a) | 550 | 446,970 | ||||
Auto Manufacturers — 0.3% | |||||||
Daimler Truck Finance North America LLC (Germany), | |||||||
Gtd. Notes, 144A | |||||||
1.625% | 12/13/24 | 3,770 | 3,567,878 | ||||
Ford Motor Co., | |||||||
Sr. Unsec’d. Notes | |||||||
5.291% | 12/08/46 | 665 | 539,468 |
A14
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Auto Manufacturers (cont’d.) | |||||||
Ford Motor Credit Co. LLC, | |||||||
Sr. Unsec’d. Notes | |||||||
2.900% | 02/16/28 | 200 | $171,567 | ||||
General Motors Co., | |||||||
Sr. Unsec’d. Notes | |||||||
6.250% | 10/02/43 | 740 | 711,759 | ||||
6.600% | 04/01/36 | 585 | 602,941 | ||||
General Motors Financial Co., Inc., | |||||||
Gtd. Notes | |||||||
3.950% | 04/13/24 | 1,700 | 1,671,243 | ||||
7,264,856 | |||||||
Banks — 2.9% | |||||||
Banco Santander SA (Spain), | |||||||
Sr. Unsec’d. Notes | |||||||
1.849% | 03/25/26 | 800 | 716,424 | ||||
Sr. Unsec’d. Notes, 3 Month LIBOR + 1.120% | |||||||
5.926%(c) | 04/12/23 | 400 | 399,995 | ||||
Bank of America Corp., | |||||||
Jr. Sub. Notes, Series JJ | |||||||
5.125%(ff) | 06/20/24(oo) | 1,145 | 1,102,114 | ||||
Sr. Unsec’d. Notes, MTN | |||||||
1.898%(ff) | 07/23/31 | 1,805 | 1,447,089 | ||||
2.496%(ff) | 02/13/31 | 5,165 | 4,377,202 | ||||
3.194%(ff) | 07/23/30 | 1,050 | 932,724 | ||||
3.824%(ff) | 01/20/28 | 615 | 586,588 | ||||
Sub. Notes, MTN | |||||||
4.000% | 01/22/25 | 1,700 | 1,664,610 | ||||
4.200% | 08/26/24 | 745 | 733,070 | ||||
4.450% | 03/03/26 | 4,790 | 4,690,403 | ||||
Bank of America NA, | |||||||
Sub. Notes | |||||||
6.000% | 10/15/36 | 805 | 867,241 | ||||
Barclays PLC (United Kingdom), | |||||||
Sr. Unsec’d. Notes | |||||||
3.650% | 03/16/25 | 935 | 887,562 | ||||
3.932%(ff) | 05/07/25 | 320 | 311,636 | ||||
Sr. Unsec’d. Notes, MTN | |||||||
4.972%(ff) | 05/16/29 | 705 | 679,913 | ||||
BNP Paribas SA (France), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
2.219%(ff) | 06/09/26 | 480 | 440,856 | ||||
2.591%(ff) | 01/20/28 | 800 | 717,735 | ||||
3.132%(ff) | 01/20/33 | 1,335 | 1,109,633 | ||||
Citigroup, Inc., | |||||||
Jr. Sub. Notes, Series V | |||||||
4.700%(ff) | 01/30/25(oo) | 1,675 | 1,469,356 | ||||
Sr. Unsec’d. Notes | |||||||
2.561%(ff) | 05/01/32 | 2,100 | 1,739,955 | ||||
3.200% | 10/21/26 | 670 | 632,423 | ||||
3.700% | 01/12/26 | 1,610 | 1,560,031 | ||||
3.887%(ff) | 01/10/28 | 560 | 536,058 | ||||
Sub. Notes | |||||||
4.450% | 09/29/27 | 1,485 | 1,440,160 | ||||
4.750% | 05/18/46 | 440 | 389,762 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Banks (cont’d.) | |||||||
Credit Suisse Group AG (Switzerland), | |||||||
Sr. Unsec’d. Notes | |||||||
4.550% | 04/17/26 | 3,000 | $2,745,000 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
2.193%(ff) | 06/05/26 | 1,100 | 973,500 | ||||
3.091%(ff) | 05/14/32 | 560 | 450,100 | ||||
4.282% | 01/09/28 | 980 | 884,450 | ||||
Deutsche Bank AG (Germany), | |||||||
Sr. Unsec’d. Notes | |||||||
2.129%(ff) | 11/24/26 | 460 | 396,088 | ||||
Discover Bank, | |||||||
Sr. Unsec’d. Notes | |||||||
4.250% | 03/13/26(a) | 595 | 565,463 | ||||
Goldman Sachs Group, Inc. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
1.542%(ff) | 09/10/27 | 2,345 | 2,064,087 | ||||
3.750% | 02/25/26(a) | 1,165 | 1,133,177 | ||||
3.814%(ff) | 04/23/29 | 440 | 413,896 | ||||
3.850% | 01/26/27 | 2,625 | 2,534,398 | ||||
Sub. Notes | |||||||
6.750% | 10/01/37 | 225 | 243,991 | ||||
ING Groep NV (Netherlands), | |||||||
Sr. Unsec’d. Notes | |||||||
3.550% | 04/09/24 | 400 | 391,967 | ||||
JPMorgan Chase & Co., | |||||||
Jr. Sub. Notes, Series FF | |||||||
5.000%(ff) | 08/01/24(oo) | 540 | 520,516 | ||||
Jr. Sub. Notes, Series HH | |||||||
4.600%(ff) | 02/01/25(oo) | 1,245 | 1,163,001 | ||||
Jr. Sub. Notes, Series II | |||||||
4.000%(ff) | 04/01/25(oo) | 230 | 204,555 | ||||
Sr. Unsec’d. Notes | |||||||
2.580%(ff) | 04/22/32 | 1,585 | 1,335,093 | ||||
3.782%(ff) | 02/01/28 | 270 | 258,400 | ||||
3.964%(ff) | 11/15/48 | 2,240 | 1,856,688 | ||||
4.005%(ff) | 04/23/29 | 1,360 | 1,299,605 | ||||
Sub. Notes | |||||||
3.875% | 09/10/24(a) | 3,525 | 3,465,160 | ||||
Morgan Stanley, | |||||||
Sr. Unsec’d. Notes, GMTN | |||||||
2.239%(ff) | 07/21/32 | 2,770 | 2,228,167 | ||||
3.772%(ff) | 01/24/29 | 1,295 | 1,227,030 | ||||
3.875% | 01/27/26 | 550 | 537,426 | ||||
4.431%(ff) | 01/23/30 | 455 | 437,937 | ||||
Sr. Unsec’d. Notes, MTN | |||||||
3.591%(ff) | 07/22/28 | 1,030 | 973,634 | ||||
Sub. Notes, GMTN | |||||||
4.350% | 09/08/26 | 3,050 | 2,975,446 | ||||
NatWest Group PLC (United Kingdom), | |||||||
Sr. Unsec’d. Notes | |||||||
5.076%(ff) | 01/27/30 | 1,570 | 1,519,554 | ||||
Societe Generale SA (France), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
1.488%(ff) | 12/14/26 | 3,200 | 2,792,869 |
A15
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Banks (cont’d.) | |||||||
State Bank of India (India), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.375% | 01/24/24 | 1,255 | $1,245,038 | ||||
UBS Group AG (Switzerland), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
1.364%(ff) | 01/30/27 | 2,250 | 1,969,041 | ||||
Wells Fargo & Co., | |||||||
Sr. Unsec’d. Notes, MTN | |||||||
2.572%(ff) | 02/11/31 | 2,895 | 2,456,278 | ||||
70,694,095 | |||||||
Beverages — 0.1% | |||||||
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. (Belgium), | |||||||
Gtd. Notes | |||||||
4.700% | 02/01/36 | 1,220 | 1,211,765 | ||||
Constellation Brands, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.250% | 08/01/31 | 780 | 640,684 | ||||
Keurig Dr. Pepper, Inc., | |||||||
Gtd. Notes | |||||||
4.500% | 04/15/52 | 1,880 | 1,671,054 | ||||
3,523,503 | |||||||
Biotechnology — 0.1% | |||||||
Amgen, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.800% | 08/15/41 | 2,840 | 2,078,429 | ||||
Building Materials — 0.0% | |||||||
Masonite International Corp., | |||||||
Gtd. Notes, 144A | |||||||
3.500% | 02/15/30(a) | 400 | 332,000 | ||||
Standard Industries, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.750% | 01/15/28 | 300 | 280,064 | ||||
612,064 | |||||||
Chemicals — 0.1% | |||||||
Dow Chemical Co. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
4.375% | 11/15/42 | 5 | 4,333 | ||||
6.900% | 05/15/53 | 260 | 300,914 | ||||
9.400% | 05/15/39 | 15 | 20,111 | ||||
LYB International Finance BV, | |||||||
Gtd. Notes | |||||||
5.250% | 07/15/43 | 620 | 567,718 | ||||
NOVA Chemicals Corp. (Canada), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.875% | 06/01/24 | 875 | 860,939 | ||||
Sasol Financing USA LLC (South Africa), | |||||||
Gtd. Notes | |||||||
5.875% | 03/27/24 | 600 | 592,800 | ||||
6.500% | 09/27/28 | 405 | 379,007 | ||||
2,725,822 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Commercial Services — 0.1% | |||||||
ERAC USA Finance LLC, | |||||||
Gtd. Notes, 144A | |||||||
4.200% | 11/01/46 | 875 | $740,909 | ||||
7.000% | 10/15/37 | 390 | 460,860 | ||||
United Rentals North America, Inc., | |||||||
Gtd. Notes | |||||||
3.750% | 01/15/32 | 250 | 215,146 | ||||
4.875% | 01/15/28(a) | 735 | 702,836 | ||||
5.250% | 01/15/30 | 265 | 254,910 | ||||
University of Miami, | |||||||
Sr. Unsec’d. Notes, Series 2022 | |||||||
4.063% | 04/01/52 | 815 | 704,673 | ||||
3,079,334 | |||||||
Distribution/Wholesale — 0.0% | |||||||
Ritchie Bros Holdings, Inc. (Canada), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.750% | 03/15/28 | 50 | 51,491 | ||||
Diversified Financial Services — 0.3% | |||||||
BOC Aviation USA Corp. (China), | |||||||
Gtd. Notes, 144A, MTN | |||||||
1.625% | 04/29/24 | 445 | 427,640 | ||||
Cantor Fitzgerald LP, | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.500% | 04/14/27(a) | 3,485 | 3,296,792 | ||||
CDP Financial, Inc. (Canada), | |||||||
Gtd. Notes, 144A | |||||||
3.150% | 07/24/24 | 445 | 436,911 | ||||
Nomura Holdings, Inc. (Japan), | |||||||
Sr. Unsec’d. Notes | |||||||
2.608% | 07/14/31 | 1,490 | 1,168,673 | ||||
OneMain Finance Corp., | |||||||
Gtd. Notes | |||||||
8.250% | 10/01/23 | 1,100 | 1,103,132 | ||||
Private Export Funding Corp., | |||||||
U.S. Gov’t. Gtd. Notes, Series NN | |||||||
3.250% | 06/15/25 | 255 | 247,866 | ||||
6,681,014 | |||||||
Electric — 1.3% | |||||||
Abu Dhabi National Energy Co. PJSC (United Arab Emirates), | |||||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
2.000% | 04/29/28 | 370 | 328,144 | ||||
AEP Texas, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.950% | 06/01/28 | 2,105 | 2,026,046 | ||||
Alfa Desarrollo SpA (Chile), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.550% | 09/27/51 | 438 | 317,427 | ||||
Baltimore Gas & Electric Co., | |||||||
Sr. Unsec’d. Notes | |||||||
6.350% | 10/01/36 | 530 | 591,192 | ||||
Berkshire Hathaway Energy Co., | |||||||
Sr. Unsec’d. Notes | |||||||
5.950% | 05/15/37 | 335 | 361,599 |
A16
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Electric (cont’d.) | |||||||
Calpine Corp., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.750% | 03/01/31(a) | 1,400 | $1,188,995 | ||||
CenterPoint Energy Houston Electric LLC, | |||||||
General Ref. Mortgage, Series K2 | |||||||
6.950% | 03/15/33 | 300 | 349,250 | ||||
Comision Federal de Electricidad (Mexico), | |||||||
Gtd. Notes, 144A | |||||||
4.688% | 05/15/29 | 1,000 | 889,250 | ||||
Connecticut Light & Power Co. (The), | |||||||
First Mortgage, Series A | |||||||
2.050% | 07/01/31 | 2,290 | 1,899,567 | ||||
Consolidated Edison Co. of New York, Inc., | |||||||
Sr. Unsec’d. Notes, Series 09-C | |||||||
5.500% | 12/01/39 | 145 | 146,608 | ||||
Duke Energy Carolinas LLC, | |||||||
First Mortgage | |||||||
6.050% | 04/15/38 | 530 | 579,226 | ||||
El Paso Electric Co., | |||||||
Sr. Unsec’d. Notes | |||||||
6.000% | 05/15/35 | 845 | 878,423 | ||||
Enel Finance International NV (Italy), | |||||||
Gtd. Notes, 144A | |||||||
2.250% | 07/12/31 | 1,500 | 1,168,558 | ||||
Engie Energia Chile SA (Chile), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.400% | 01/28/30 | 400 | 325,825 | ||||
Florida Power & Light Co., | |||||||
First Mortgage | |||||||
5.950% | 10/01/33 | 380 | 415,365 | ||||
Iberdrola International BV (Spain), | |||||||
Gtd. Notes | |||||||
6.750% | 09/15/33 | 140 | 150,568 | ||||
Israel Electric Corp. Ltd. (Israel), | |||||||
Sr. Sec’d. Notes, 144A, GMTN | |||||||
4.250% | 08/14/28 | 575 | 538,272 | ||||
Metropolitan Edison Co., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.200% | 04/01/28 | 530 | 535,352 | ||||
Monongahela Power Co., | |||||||
First Mortgage, 144A | |||||||
4.100% | 04/15/24 | 1,560 | 1,527,440 | ||||
NextEra Energy Capital Holdings, Inc., | |||||||
Gtd. Notes | |||||||
4.900% | 02/28/28 | 2,515 | 2,532,326 | ||||
6.051% | 03/01/25 | 515 | 524,032 | ||||
Northern States Power Co., | |||||||
First Mortgage | |||||||
3.600% | 09/15/47 | 1,035 | 837,330 | ||||
NRG Energy, Inc., | |||||||
Gtd. Notes, 144A | |||||||
3.625% | 02/15/31 | 50 | 40,531 | ||||
3.875% | 02/15/32 | 150 | 120,087 | ||||
Sr. Sec’d. Notes, 144A | |||||||
2.000% | 12/02/25 | 225 | 202,614 | ||||
2.450% | 12/02/27 | 970 | 832,170 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Electric (cont’d.) | |||||||
Ohio Power Co., | |||||||
Sr. Unsec’d. Notes | |||||||
4.000% | 06/01/49 | 465 | $387,987 | ||||
Pacific Gas & Electric Co., | |||||||
First Mortgage | |||||||
6.700% | 04/01/53 | 705 | 725,956 | ||||
PacifiCorp, | |||||||
First Mortgage | |||||||
5.350% | 12/01/53 | 2,045 | 2,098,397 | ||||
PECO Energy Co., | |||||||
First Mortgage | |||||||
2.800% | 06/15/50 | 785 | 533,884 | ||||
Public Service Electric & Gas Co., | |||||||
First Mortgage, MTN | |||||||
3.700% | 05/01/28 | 850 | 820,469 | ||||
4.900% | 12/15/32 | 820 | 838,689 | ||||
Sec’d. Notes, MTN | |||||||
4.650% | 03/15/33 | 790 | 792,960 | ||||
Sr. Sec’d. Notes, MTN | |||||||
5.800% | 05/01/37 | 515 | 557,207 | ||||
Public Service Enterprise Group, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
1.600% | 08/15/30 | 1,235 | 988,108 | ||||
San Diego Gas & Electric Co., | |||||||
First Mortgage | |||||||
4.150% | 05/15/48 | 1,010 | 878,515 | ||||
Southern California Edison Co., | |||||||
First Ref. Mortgage | |||||||
4.000% | 04/01/47 | 350 | 288,164 | ||||
First Ref. Mortgage, Series C | |||||||
3.600% | 02/01/45 | 690 | 516,858 | ||||
Vistra Operations Co. LLC, | |||||||
Gtd. Notes, 144A | |||||||
5.000% | 07/31/27 | 495 | 467,815 | ||||
Sr. Sec’d. Notes, 144A | |||||||
3.550% | 07/15/24 | 1,475 | 1,424,779 | ||||
Xcel Energy, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.800% | 09/15/41 | 480 | 438,546 | ||||
31,064,531 | |||||||
Engineering & Construction — 0.1% | |||||||
AECOM, | |||||||
Gtd. Notes | |||||||
5.125% | 03/15/27 | 500 | 490,416 | ||||
Mexico City Airport Trust (Mexico), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.250% | 10/31/26 | 415 | 396,066 | ||||
5.500% | 07/31/47 | 1,350 | 1,031,130 | ||||
1,917,612 | |||||||
Entertainment — 0.0% | |||||||
Warnermedia Holdings, Inc., | |||||||
Gtd. Notes, 144A | |||||||
5.050% | 03/15/42 | 450 | 376,269 |
A17
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Entertainment (cont’d.) | |||||||
5.141% | 03/15/52 | 650 | $527,331 | ||||
903,600 | |||||||
Environmental Control — 0.0% | |||||||
Clean Harbors, Inc., | |||||||
Gtd. Notes, 144A | |||||||
6.375% | 02/01/31 | 50 | 51,018 | ||||
Foods — 0.3% | |||||||
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc., | |||||||
Gtd. Notes, 144A | |||||||
5.125% | 02/01/28 | 3,000 | 2,900,275 | ||||
Kraft Heinz Foods Co., | |||||||
Gtd. Notes | |||||||
6.500% | 02/09/40 | 1,135 | 1,245,518 | ||||
Lamb Weston Holdings, Inc., | |||||||
Gtd. Notes, 144A | |||||||
4.125% | 01/31/30 | 200 | 183,092 | ||||
4.375% | 01/31/32 | 575 | 522,857 | ||||
Mars, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
2.375% | 07/16/40 | 535 | 386,454 | ||||
Pilgrim’s Pride Corp., | |||||||
Gtd. Notes, 144A | |||||||
5.875% | 09/30/27 | 1,200 | 1,192,480 | ||||
6,430,676 | |||||||
Forest Products & Paper — 0.0% | |||||||
Celulosa Arauco y Constitucion SA (Chile), | |||||||
Sr. Unsec’d. Notes | |||||||
4.500% | 08/01/24 | 207 | 202,705 | ||||
Gas — 0.1% | |||||||
NiSource, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
1.700% | 02/15/31 | 270 | 213,913 | ||||
3.600% | 05/01/30 | 1,600 | 1,478,485 | ||||
Piedmont Natural Gas Co., Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.500% | 06/01/29 | 2,090 | 1,941,798 | ||||
3,634,196 | |||||||
Healthcare-Products — 0.0% | |||||||
Medline Borrower LP, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.875% | 04/01/29 | 475 | 412,133 | ||||
Healthcare-Services — 0.2% | |||||||
Aetna, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
6.625% | 06/15/36 | 480 | 532,606 | ||||
Elevance Health, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.600% | 03/15/51 | 885 | 692,337 | ||||
4.625% | 05/15/42 | 330 | 307,988 | ||||
Kaiser Foundation Hospitals, | |||||||
Gtd. Notes | |||||||
4.150% | 05/01/47 | 670 | 587,970 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Healthcare-Services (cont’d.) | |||||||
Tenet Healthcare Corp., | |||||||
Sr. Sec’d. Notes | |||||||
4.375% | 01/15/30 | 425 | $381,546 | ||||
UnitedHealth Group, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
5.050% | 04/15/53 | 2,260 | 2,284,385 | ||||
6.050% | 02/15/63 | 630 | 720,340 | ||||
5,507,172 | |||||||
Home Builders — 0.1% | |||||||
KB Home, | |||||||
Gtd. Notes | |||||||
4.000% | 06/15/31 | 400 | 346,368 | ||||
Taylor Morrison Communities, Inc., | |||||||
Gtd. Notes, 144A | |||||||
5.875% | 06/15/27 | 405 | 398,568 | ||||
Taylor Morrison Communities, Inc./Taylor Morrison Holdings II, Inc., | |||||||
Gtd. Notes, 144A | |||||||
5.625% | 03/01/24 | 600 | 595,500 | ||||
1,340,436 | |||||||
Housewares — 0.1% | |||||||
Newell Brands, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.450% | 04/01/26 | 2,010 | 1,935,127 | ||||
Insurance — 0.2% | |||||||
Liberty Mutual Group, Inc., | |||||||
Gtd. Notes, 144A | |||||||
3.951% | 10/15/50 | 1,125 | 853,880 | ||||
Lincoln National Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
6.300% | 10/09/37 | 701 | 691,534 | ||||
Markel Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
5.000% | 03/30/43 | 165 | 146,759 | ||||
New York Life Insurance Co., | |||||||
Sub. Notes, 144A | |||||||
6.750% | 11/15/39 | 650 | 758,629 | ||||
Principal Financial Group, Inc., | |||||||
Gtd. Notes | |||||||
4.625% | 09/15/42 | 105 | 91,314 | ||||
Teachers Insurance & Annuity Association of America, | |||||||
Sub. Notes, 144A | |||||||
4.270% | 05/15/47 | 1,430 | 1,200,490 | ||||
6.850% | 12/16/39 | 122 | 137,314 | ||||
3,879,920 | |||||||
Lodging — 0.0% | |||||||
Marriott International, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.900% | 04/15/29 | 350 | 346,755 | ||||
Media — 0.4% | |||||||
CCO Holdings LLC/CCO Holdings Capital Corp., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.500% | 05/01/26 | 500 | 486,815 |
A18
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Media (cont’d.) | |||||||
Charter Communications Operating LLC/Charter Communications Operating Capital, | |||||||
Sr. Sec’d. Notes | |||||||
3.900% | 06/01/52 | 500 | $329,375 | ||||
6.384% | 10/23/35 | 1,695 | 1,682,159 | ||||
6.484% | 10/23/45 | 1,000 | 942,601 | ||||
Cox Communications, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
2.600% | 06/15/31 | 3,695 | 3,056,463 | ||||
CSC Holdings LLC, | |||||||
Gtd. Notes, 144A | |||||||
4.500% | 11/15/31(a) | 1,000 | 716,121 | ||||
Discovery Communications LLC, | |||||||
Gtd. Notes | |||||||
4.000% | 09/15/55 | 823 | 546,219 | ||||
Time Warner Cable LLC, | |||||||
Sr. Sec’d. Notes | |||||||
5.500% | 09/01/41 | 270 | 233,251 | ||||
Walt Disney Co. (The), | |||||||
Gtd. Notes | |||||||
7.625% | 11/30/28 | 515 | 583,052 | ||||
8,576,056 | |||||||
Miscellaneous Manufacturing — 0.1% | |||||||
Amsted Industries, Inc., | |||||||
Gtd. Notes, 144A | |||||||
5.625% | 07/01/27 | 800 | 777,638 | ||||
Pentair Finance Sarl, | |||||||
Gtd. Notes | |||||||
4.500% | 07/01/29 | 2,415 | 2,297,991 | ||||
3,075,629 | |||||||
Office/Business Equipment — 0.1% | |||||||
CDW LLC/CDW Finance Corp., | |||||||
Gtd. Notes | |||||||
2.670% | 12/01/26 | 1,270 | 1,156,002 | ||||
5.500% | 12/01/24 | 500 | 499,157 | ||||
1,655,159 | |||||||
Oil & Gas — 0.5% | |||||||
Aker BP ASA (Norway), | |||||||
Gtd. Notes, 144A | |||||||
3.100% | 07/15/31 | 530 | 446,367 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
3.750% | 01/15/30 | 2,222 | 2,001,079 | ||||
Cenovus Energy, Inc. (Canada), | |||||||
Sr. Unsec’d. Notes | |||||||
5.400% | 06/15/47 | 850 | 790,261 | ||||
Continental Resources, Inc., | |||||||
Gtd. Notes | |||||||
4.500% | 04/15/23(a) | 430 | 429,698 | ||||
Devon Energy Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
5.600% | 07/15/41 | 225 | 215,542 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Oil & Gas (cont’d.) | |||||||
Ecopetrol SA (Colombia), | |||||||
Sr. Unsec’d. Notes | |||||||
6.875% | 04/29/30 | 440 | $402,618 | ||||
Endeavor Energy Resources LP/EER Finance, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.750% | 01/30/28 | 350 | 347,464 | ||||
Energean Israel Finance Ltd. (Israel), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.500% | 03/30/24 | 390 | 377,812 | ||||
4.875% | 03/30/26 | 570 | 525,540 | ||||
Hilcorp Energy I LP/Hilcorp Finance Co., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
6.000% | 04/15/30 | 275 | 253,632 | ||||
6.250% | 04/15/32 | 325 | 300,474 | ||||
KazMunayGas National Co. JSC (Kazakhstan), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.750% | 04/24/25 | 400 | 385,700 | ||||
Korea National Oil Corp. (South Korea), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.750% | 04/03/26 | 335 | 333,838 | ||||
4.875% | 04/03/28 | 345 | 347,298 | ||||
Petroleos Mexicanos (Mexico), | |||||||
Gtd. Notes | |||||||
6.350% | 02/12/48 | 458 | 283,387 | ||||
6.490% | 01/23/27 | 346 | 313,995 | ||||
6.500% | 03/13/27 | 130 | 117,468 | ||||
6.840% | 01/23/30 | 100 | 82,690 | ||||
Gtd. Notes, MTN | |||||||
6.750% | 09/21/47 | 471 | 304,384 | ||||
6.875% | 08/04/26(a) | 770 | 727,573 | ||||
QatarEnergy (Qatar), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
1.375% | 09/12/26 | 1,544 | 1,384,099 | ||||
2.250% | 07/12/31 | 545 | 461,479 | ||||
Southwestern Energy Co., | |||||||
Gtd. Notes | |||||||
4.750% | 02/01/32 | 325 | 287,185 | ||||
11,119,583 | |||||||
Packaging & Containers — 0.2% | |||||||
Ball Corp., | |||||||
Gtd. Notes | |||||||
3.125% | 09/15/31 | 300 | 248,333 | ||||
Berry Global, Inc., | |||||||
Sr. Sec’d. Notes | |||||||
1.570% | 01/15/26 | 3,570 | 3,243,337 | ||||
Graphic Packaging International LLC, | |||||||
Gtd. Notes | |||||||
4.125% | 08/15/24 | 450 | 441,433 | ||||
Sealed Air Corp./Sealed Air Corp. US, | |||||||
Gtd. Notes, 144A | |||||||
6.125% | 02/01/28 | 75 | 75,892 | ||||
4,008,995 |
A19
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Pharmaceuticals — 0.5% | |||||||
AbbVie, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.800% | 03/15/25 | 950 | $934,679 | ||||
4.250% | 11/21/49 | 1,000 | 882,230 | ||||
4.500% | 05/14/35 | 1,595 | 1,546,359 | ||||
4.550% | 03/15/35 | 1,770 | 1,731,222 | ||||
4.700% | 05/14/45 | 855 | 802,396 | ||||
Bayer US Finance II LLC (Germany), | |||||||
Gtd. Notes, 144A | |||||||
4.250% | 12/15/25 | 1,150 | 1,125,917 | ||||
Becton, Dickinson & Co., | |||||||
Sr. Unsec’d. Notes | |||||||
3.734% | 12/15/24 | 102 | 99,918 | ||||
Bristol-Myers Squibb Co., | |||||||
Sr. Unsec’d. Notes | |||||||
4.125% | 06/15/39 | 280 | 260,706 | ||||
Cigna Group (The), | |||||||
Gtd. Notes | |||||||
4.375% | 10/15/28 | 1,870 | 1,841,943 | ||||
Sr. Unsec’d. Notes | |||||||
3.200% | 03/15/40 | 1,555 | 1,218,315 | ||||
CVS Health Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
5.125% | 07/20/45 | 985 | 933,532 | ||||
5.300% | 12/05/43 | 185 | 181,785 | ||||
Mylan, Inc., | |||||||
Gtd. Notes | |||||||
5.400% | 11/29/43 | 590 | 490,099 | ||||
Organon & Co./Organon Foreign Debt Co-Issuer BV, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.125% | 04/30/28 | 700 | 644,249 | ||||
Viatris, Inc., | |||||||
Gtd. Notes | |||||||
3.850% | 06/22/40 | 520 | 365,370 | ||||
13,058,720 | |||||||
Pipelines — 0.8% | |||||||
Antero Midstream Partners LP/Antero Midstream Finance Corp., | |||||||
Gtd. Notes, 144A | |||||||
7.875% | 05/15/26 | 525 | 536,279 | ||||
DCP Midstream Operating LP, | |||||||
Gtd. Notes | |||||||
5.125% | 05/15/29 | 2,600 | 2,565,390 | ||||
Eastern Gas Transmission & Storage, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.600% | 12/15/44 | 45 | 39,200 | ||||
EIG Pearl Holdings Sarl (Saudi Arabia), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.545% | 08/31/36 | 1,060 | 904,975 | ||||
Energy Transfer LP, | |||||||
Sr. Unsec’d. Notes | |||||||
4.950% | 06/15/28 | 795 | 789,886 | ||||
5.000% | 05/15/50 | 990 | 842,348 | ||||
6.125% | 12/15/45 | 120 | 115,630 | ||||
6.250% | 04/15/49 | 885 | 876,431 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Pipelines (cont’d.) | |||||||
EQM Midstream Partners LP, | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
7.500% | 06/01/27 | 25 | $25,091 | ||||
7.500% | 06/01/30 | 25 | 24,211 | ||||
Greensaif Pipelines Bidco Sarl (Saudi Arabia), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.129% | 02/23/38 | 365 | 374,581 | ||||
6.510% | 02/23/42 | 475 | 499,136 | ||||
Kinder Morgan, Inc., | |||||||
Gtd. Notes | |||||||
3.600% | 02/15/51 | 1,575 | 1,115,512 | ||||
MPLX LP, | |||||||
Sr. Unsec’d. Notes | |||||||
4.000% | 02/15/25 | 1,140 | 1,116,564 | ||||
4.875% | 06/01/25 | 2,275 | 2,259,208 | ||||
5.200% | 03/01/47 | 25 | 22,415 | ||||
5.500% | 02/15/49 | 700 | 651,617 | ||||
ONEOK Partners LP, | |||||||
Gtd. Notes | |||||||
6.650% | 10/01/36 | 130 | 135,512 | ||||
ONEOK, Inc., | |||||||
Gtd. Notes | |||||||
3.100% | 03/15/30 | 3,495 | 3,060,302 | ||||
4.500% | 03/15/50 | 245 | 190,045 | ||||
4.950% | 07/13/47 | 640 | 535,795 | ||||
Targa Resources Corp., | |||||||
Gtd. Notes | |||||||
6.125% | 03/15/33 | 1,720 | 1,779,350 | ||||
Venture Global Calcasieu Pass LLC, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.875% | 08/15/29 | 80 | 72,158 | ||||
4.125% | 08/15/31 | 55 | 48,296 | ||||
Western Midstream Operating LP, | |||||||
Sr. Unsec’d. Notes | |||||||
5.300% | 03/01/48 | 80 | 68,283 | ||||
Williams Cos., Inc. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
4.900% | 01/15/45 | 1,100 | 968,406 | ||||
5.300% | 08/15/52 | 210 | 198,276 | ||||
19,814,897 | |||||||
Real Estate Investment Trusts (REITs) — 0.3% | |||||||
Alexandria Real Estate Equities, Inc., | |||||||
Gtd. Notes | |||||||
4.750% | 04/15/35 | 355 | 332,618 | ||||
Corporate Office Properties LP, | |||||||
Gtd. Notes | |||||||
2.900% | 12/01/33 | 945 | 657,319 | ||||
GLP Capital LP/GLP Financing II, Inc., | |||||||
Gtd. Notes | |||||||
5.375% | 04/15/26 | 725 | 704,851 | ||||
Kimco Realty OP LLC, | |||||||
Gtd. Notes | |||||||
2.700% | 10/01/30 | 2,420 | 2,013,287 |
A20
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Real Estate Investment Trusts (REITs) (cont’d.) | |||||||
MPT Operating Partnership LP/MPT Finance Corp., | |||||||
Gtd. Notes | |||||||
3.500% | 03/15/31 | 625 | $417,628 | ||||
5.000% | 10/15/27(a) | 275 | 226,133 | ||||
Realty Income Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
3.250% | 01/15/31 | 2,250 | 1,980,803 | ||||
6,332,639 | |||||||
Retail — 0.3% | |||||||
1011778 BC ULC/New Red Finance, Inc. (Canada), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.875% | 01/15/28(a) | 500 | 465,000 | ||||
AutoZone, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.750% | 04/18/29 | 1,820 | 1,711,488 | ||||
Dollar Tree, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.000% | 05/15/25 | 3,395 | 3,329,782 | ||||
Gap, Inc. (The), | |||||||
Gtd. Notes, 144A | |||||||
3.625% | 10/01/29 | 200 | 139,812 | ||||
3.875% | 10/01/31 | 425 | 288,415 | ||||
Sally Holdings LLC/Sally Capital, Inc., | |||||||
Gtd. Notes | |||||||
5.625% | 12/01/25 | 1,020 | 1,008,028 | ||||
6,942,525 | |||||||
Semiconductors — 0.1% | |||||||
Broadcom, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.187% | 11/15/36 | 3,650 | 2,766,460 | ||||
Intel Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
5.625% | 02/10/43 | 255 | 261,216 | ||||
3,027,676 | |||||||
Software — 0.2% | |||||||
Oracle Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
4.900% | 02/06/33 | 1,655 | 1,620,706 | ||||
ServiceNow, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
1.400% | 09/01/30 | 1,425 | 1,148,572 | ||||
Workday, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.800% | 04/01/32(a) | 1,845 | 1,688,966 | ||||
4,458,244 | |||||||
Telecommunications — 0.6% | |||||||
AT&T, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.550% | 12/01/33 | 346 | 278,327 | ||||
3.500% | 09/15/53 | 2,817 | 2,045,608 | ||||
3.650% | 09/15/59 | 4 | 2,858 | ||||
4.300% | 02/15/30 | 490 | 476,461 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Telecommunications (cont’d.) | |||||||
4.500% | 05/15/35 | 1,095 | $1,026,849 | ||||
British Telecommunications PLC (United Kingdom), | |||||||
Sr. Unsec’d. Notes | |||||||
9.625% | 12/15/30 | 350 | 435,313 | ||||
Level 3 Financing, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.400% | 03/01/27 | 250 | 197,554 | ||||
T-Mobile USA, Inc., | |||||||
Gtd. Notes | |||||||
2.550% | 02/15/31 | 965 | 817,472 | ||||
3.750% | 04/15/27 | 200 | 192,321 | ||||
3.875% | 04/15/30 | 5,500 | 5,158,393 | ||||
Verizon Communications, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.550% | 03/21/31(a) | 1,515 | 1,290,708 | ||||
2.650% | 11/20/40 | 1,095 | 782,064 | ||||
4.016% | 12/03/29 | 1,365 | 1,307,396 | ||||
14,011,324 | |||||||
Transportation — 0.1% | |||||||
Burlington Northern Santa Fe LLC, | |||||||
Sr. Unsec’d. Notes | |||||||
6.700% | 08/01/28 | 735 | 794,392 | ||||
CSX Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
6.150% | 05/01/37 | 690 | 759,491 | ||||
Norfolk Southern Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
5.590% | 05/17/25 | 120 | 121,343 | ||||
1,675,226 | |||||||
Total Corporate Bonds (cost $297,501,359) | 272,379,383 | ||||||
Municipal Bonds — 0.4% | |||||||
Alabama — 0.0% | |||||||
Alabama Economic Settlement Authority, | |||||||
Taxable, Revenue Bonds, Series B | |||||||
4.263% | 09/15/32 | 180 | 172,811 | ||||
California — 0.2% | |||||||
Bay Area Toll Authority, | |||||||
Revenue Bonds, BABs, Series F2 | |||||||
6.263% | 04/01/49 | 1,305 | 1,587,890 | ||||
Taxable, Revenue Bonds | |||||||
2.574% | 04/01/31 | 415 | 370,599 | ||||
State of California, | |||||||
General Obligation Unlimited, BABs | |||||||
7.300% | 10/01/39 | 1,250 | 1,555,716 | ||||
General Obligation Unlimited, Taxable, BABs | |||||||
7.500% | 04/01/34 | 350 | 438,266 | ||||
7.625% | 03/01/40 | 205 | 265,943 | ||||
4,218,414 |
A21
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Municipal Bonds (continued) | |||||||
Colorado — 0.0% | |||||||
Regional Transportation District Sales Tax Revenue, | |||||||
Revenue Bonds, BABs, Series B | |||||||
5.844% | 11/01/50 | 565 | $643,183 | ||||
Illinois — 0.1% | |||||||
Chicago O’Hare International Airport, | |||||||
Revenue Bonds, BABs, Series B | |||||||
6.395% | 01/01/40 | 970 | 1,139,417 | ||||
New Jersey — 0.1% | |||||||
New Jersey Turnpike Authority, | |||||||
Taxable, Revenue Bonds, BABs, Series F | |||||||
7.414% | 01/01/40 | 1,000 | 1,257,299 | ||||
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 | 1,106,828 | ||||
Ohio — 0.0% | |||||||
Ohio State University (The), | |||||||
Taxable, Revenue Bonds, BABs, Series C | |||||||
4.910% | 06/01/40 | 415 | 421,520 | ||||
Ohio Water Development Authority Water Pollution Control Loan Fund, | |||||||
Taxable, Revenue Bonds, BABs, Series B2 | |||||||
4.879% | 12/01/34 | 275 | 280,408 | ||||
701,928 | |||||||
Oregon — 0.0% | |||||||
State of Oregon Department of Transportation, | |||||||
Taxable, Revenue Bonds, BABs, Series A | |||||||
5.834% | 11/15/34 | 425 | 471,914 | ||||
Pennsylvania — 0.0% | |||||||
Pennsylvania Turnpike Commission, | |||||||
Revenue Bonds, BABs, Series B | |||||||
5.511% | 12/01/45 | 505 | 550,711 | ||||
Virginia — 0.0% | |||||||
University of Virginia, | |||||||
Taxable, Revenue Bonds, Series C | |||||||
4.179% | 09/01/2117 | 355 | 294,176 | ||||
Total Municipal Bonds (cost $9,379,730) | 10,556,681 | ||||||
Residential Mortgage-Backed Securities — 1.8% | |||||||
Alternative Loan Trust, | |||||||
Series 2004-18CB, Class 3A1 | |||||||
5.250% | 09/25/35 | 10 | 9,310 | ||||
Banc of America Mortgage Trust, | |||||||
Series 2005-A, Class 2A1 | |||||||
3.901%(cc) | 02/25/35 | 36 | 33,557 | ||||
Bellemeade Re Ltd., | |||||||
Series 2021-02A, Class M1A, 144A, 30 Day Average SOFR + 1.200% (Cap N/A, Floor 1.200%) | |||||||
5.760%(c) | 06/25/31 | 1,202 | 1,193,504 | ||||
Series 2021-03A, Class A2, 144A, 30 Day Average SOFR + 1.000% (Cap N/A, Floor 1.000%) | |||||||
5.560%(c) | 09/25/31 | 1,500 | 1,455,758 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Residential Mortgage-Backed Securities (continued) | |||||||
Series 2021-03A, Class M1A, 144A, 30 Day Average SOFR + 1.000% (Cap N/A, Floor 1.000%) | |||||||
5.560%(c) | 09/25/31 | 854 | $847,318 | ||||
Series 2022-01, Class M1A, 144A, 30 Day Average SOFR + 1.750% (Cap N/A, Floor 1.750%) | |||||||
6.310%(c) | 01/26/32 | 2,270 | 2,261,377 | ||||
Chase Mortgage Finance Trust, | |||||||
Series 2007-A01, Class 1A5 | |||||||
3.949%(cc) | 02/25/37 | 70 | 65,671 | ||||
Credit Suisse Mortgage Trust, | |||||||
Series 2018-RPL09, Class A, 144A | |||||||
3.850%(cc) | 09/25/57 | 500 | 471,334 | ||||
Eagle Re Ltd., | |||||||
Series 2021-02, Class M1A, 144A, 30 Day Average SOFR + 1.550% (Cap N/A, Floor 1.550%) | |||||||
6.110%(c) | 04/25/34 | 3,014 | 3,005,498 | ||||
Fannie Mae REMIC, | |||||||
Series 2014-73, Class CZ | |||||||
3.000% | 11/25/44 | 2,602 | 2,340,869 | ||||
Series 2020-24, Class SP, IO, 1 Month LIBOR x (1) + 6.050% (Cap 6.050%, Floor 0.000%) | |||||||
1.205%(c) | 04/25/50 | 793 | 99,771 | ||||
Series 2022-51, Class PS, IO, 30 Day Average SOFR x (1) + 5.950% (Cap 5.950%, Floor 0.000%) | |||||||
1.390%(c) | 08/25/52 | 1,877 | 127,781 | ||||
Series 2022-67, Class ZJ | |||||||
4.500% | 10/25/52 | 1,728 | 1,642,562 | ||||
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%) | |||||||
7.160%(c) | 11/25/50 | 1,189 | 1,189,954 | ||||
FHLMC Structured Agency Credit Risk REMIC Trust, | |||||||
Series 2020-HQA04, Class B1, 144A, 1 Month LIBOR + 5.250% (Cap N/A, Floor 0.000%) | |||||||
10.095%(c) | 09/25/50 | 152 | 158,915 | ||||
Series 2021-DNA03, Class M2, 144A, 30 Day Average SOFR + 2.100% (Cap N/A, Floor 0.000%) | |||||||
6.660%(c) | 10/25/33 | 2,005 | 1,937,393 | ||||
Series 2021-DNA05, Class M2, 144A, 30 Day Average SOFR + 1.650% (Cap N/A, Floor 0.000%) | |||||||
6.210%(c) | 01/25/34 | 164 | 161,379 | ||||
Series 2021-HQA03, Class M1, 144A, 30 Day Average SOFR + 0.850% (Cap N/A, Floor 0.000%) | |||||||
5.410%(c) | 09/25/41 | 4,114 | 3,969,490 | ||||
Series 2022-DNA01, Class M1A, 144A, 30 Day Average SOFR + 1.000% (Cap N/A, Floor 0.000%) | |||||||
5.560%(c) | 01/25/42 | 1,081 | 1,059,407 | ||||
Freddie Mac REMIC, | |||||||
Series 4117, Class ZC | |||||||
3.000% | 10/15/42 | 2,286 | 2,081,723 | ||||
Series 4213, Class GZ | |||||||
3.500% | 06/15/43 | 935 | 876,943 | ||||
Series 4535, Class PA | |||||||
3.000% | 03/15/44 | 356 | 338,859 | ||||
Series 4680, Class GZ | |||||||
3.500% | 03/15/47 | 1,226 | 1,126,879 |
A22
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Residential Mortgage-Backed Securities (continued) | |||||||
Series 5021, Class SB, IO, 30 Day Average SOFR x (1) + 3.550% (Cap 3.550%, Floor 0.000%) | |||||||
0.000%(c) | 10/25/50 | 1,924 | $74,271 | ||||
Series 5222, Class SA, IO, 30 Day Average SOFR x (1) + 3.500% (Cap 3.500%, Floor 0.000%) | |||||||
0.000%(c) | 05/25/52 | 306 | 6,065 | ||||
Series 5250, Class NH | |||||||
3.000% | 08/25/52 | 1,500 | 1,303,660 | ||||
Series 5269, Class AD | |||||||
2.000% | 01/25/55 | 4,501 | 3,565,816 | ||||
Government National Mortgage Assoc., | |||||||
Series 2018-135, Class Z | |||||||
3.500% | 10/20/48 | 1,167 | 1,045,642 | ||||
Series 2019-23, Class AE | |||||||
3.500% | 02/20/49 | 1,000 | 947,564 | ||||
Series 2019-69, Class KB | |||||||
3.000% | 06/20/49 | 2,400 | 1,970,762 | ||||
Series 2021-165, Class ST, IO, 1 Month LIBOR x (1) + 3.360% (Cap 0.020%, Floor 0.000%) | |||||||
0.000%(c) | 01/20/50 | 462 | 190 | ||||
Series 2021-177, Class SB, IO, 30 Day Average SOFR x (1) + 3.200% (Cap 3.200%, Floor 0.000%) | |||||||
0.000%(c) | 10/20/51 | 2,063 | 40,900 | ||||
Series 2021-205, Class DS, IO, 30 Day Average SOFR x (1) + 3.200% (Cap 3.200%, Floor 0.000%) | |||||||
0.000%(c) | 11/20/51 | 3,424 | 65,877 | ||||
Series 2022-046, Class S, IO, 30 Day Average SOFR x (1) + 3.500% (Cap 3.500%, Floor 0.000%) | |||||||
0.000%(c) | 03/20/52 | 814 | 15,510 | ||||
Series 2022-051, Class SC, IO, 30 Day Average SOFR x (1) + 3.500% (Cap 3.500%, Floor 0.000%) | |||||||
0.000%(c) | 03/20/52 | 3,704 | 65,248 | ||||
Series 2022-066, Class SB, IO, 30 Day Average SOFR x (1) + 3.850% (Cap 3.850%, Floor 0.000%) | |||||||
0.000%(c) | 04/20/52 | 1,256 | 27,559 | ||||
Series 2022-068, Class SP, IO, 30 Day Average SOFR x (1) + 3.850% (Cap 3.850%, Floor 0.000%) | |||||||
0.000%(c) | 04/20/52 | 983 | 20,011 | ||||
Series 2022-078, Class MS, IO, 30 Day Average SOFR x (1) + 3.600% (Cap 3.600%, Floor 0.000%) | |||||||
0.000%(c) | 04/20/52 | 3,249 | 54,407 | ||||
Series 2022-078, Class SB, IO, 30 Day Average SOFR x (1) + 3.750% (Cap 3.750%, Floor 0.000%) | |||||||
0.000%(c) | 04/20/52 | 2,159 | 44,301 | ||||
Series 2022-093, Class GS, IO, 30 Day Average SOFR x (1) + 3.650% (Cap 3.650%, Floor 0.000%) | |||||||
0.000%(c) | 05/20/52 | 733 | 11,768 | ||||
Series 2022-126, Class CS, IO, 30 Day Average SOFR x (1) + 3.760% (Cap 3.760%, Floor 0.000%) | |||||||
0.000%(c) | 07/20/52 | 4,403 | 52,587 | ||||
Series 2022-133, Class SA, IO, 30 Day Average SOFR x (1) + 3.950% (Cap 3.950%, Floor 0.000%) | |||||||
0.000%(c) | 07/20/52 | 1,615 | 28,227 | ||||
Series 2022-148, Class DS, IO, 30 Day Average SOFR x (1) + 3.600% (Cap 3.600%, Floor 0.000%) | |||||||
0.000%(c) | 08/20/52 | 1,622 | 33,862 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Residential Mortgage-Backed Securities (continued) | |||||||
Home Re Ltd., | |||||||
Series 2019-01, Class M1, 144A, 1 Month LIBOR + 1.650% (Cap N/A, Floor 0.000%) | |||||||
6.495%(c) | 05/25/29 | 116 | $115,825 | ||||
Series 2021-02, Class M1A, 144A, 30 Day Average SOFR + 1.250% (Cap N/A, Floor 0.000%) | |||||||
5.810%(c) | 01/25/34 | 98 | 97,436 | ||||
JPMorgan Mortgage Trust, | |||||||
Series 2007-A01, Class 4A1 | |||||||
3.938%(cc) | 07/25/35 | 24 | 22,644 | ||||
Legacy Mortgage Asset Trust, | |||||||
Series 2021-GS01, Class A1, 144A | |||||||
1.892% | 10/25/66 | 234 | 216,810 | ||||
MFA Trust, | |||||||
Series 2021-RPL01, Class A1, 144A | |||||||
1.131%(cc) | 07/25/60 | 1,754 | 1,533,896 | ||||
Mill City Mortgage Loan Trust, | |||||||
Series 2017-03, Class A1, 144A | |||||||
2.750%(cc) | 01/25/61 | 273 | 263,517 | ||||
New Residential Mortgage Loan Trust, | |||||||
Series 2018-04A, Class A1S, 144A, 1 Month LIBOR + 0.750% (Cap N/A, Floor 0.750%) | |||||||
5.595%(c) | 01/25/48 | 157 | 151,902 | ||||
Oaktown Re II Ltd., | |||||||
Series 2018-01A, Class M1, 144A, 1 Month LIBOR + 1.550% (Cap N/A, Floor 0.000%) | |||||||
6.395%(c) | 07/25/28 | 89 | 88,748 | ||||
Oaktown Re VII Ltd., | |||||||
Series 2021-02, Class M1A, 144A, 30 Day Average SOFR + 1.600% (Cap N/A, Floor 1.600%) | |||||||
6.160%(c) | 04/25/34 | 2,700 | 2,650,300 | ||||
PMT Credit Risk Transfer Trust, | |||||||
Series 2021-01R, Class A, 144A, 1 Month LIBOR + 2.900% (Cap N/A, Floor 2.900%) | |||||||
7.752%(c) | 02/27/24 | 1,729 | 1,673,773 | ||||
Seasoned Credit Risk Transfer Trust, | |||||||
Series 2019-02, Class MA | |||||||
3.500% | 08/25/58 | 762 | 726,741 | ||||
Shamrock Residential (Ireland), | |||||||
Series 2023-01A, Class A, 144A, 1 Month EURIBOR + 1.000% (Cap N/A, Floor 0.000%) | |||||||
3.902%(c) | 06/24/71 | EUR | 272 | 288,269 | |||
Structured Adjustable Rate Mortgage Loan Trust, | |||||||
Series 2004-01, Class 4A3 | |||||||
5.193%(cc) | 02/25/34 | 63 | 58,373 | ||||
TFS (Spain), | |||||||
Series 2018-03, Class A1 | |||||||
0.000%(s) | 04/16/40^ | EUR | —(r) | 1 | |||
Towd Point Mortgage Trust, | |||||||
Series 2017-05, Class A1, 144A, 1 Month LIBOR + 0.600% (Cap N/A, Floor 0.000%) | |||||||
4.208%(c) | 02/25/57 | 407 | 405,467 |
A23
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Residential Mortgage-Backed Securities (continued) | |||||||
Series 2020-04, Class A1, 144A | |||||||
1.750% | 10/25/60 | 569 | $507,512 | ||||
Total Residential Mortgage-Backed Securities (cost $47,075,919) | 44,630,693 | ||||||
Sovereign Bonds — 0.4% | |||||||
Abu Dhabi Government International Bond (United Arab Emirates), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.125% | 10/11/27 | 2,420 | 2,328,494 | ||||
Bermuda Government International Bond (Bermuda), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
2.375% | 08/20/30 | 465 | 394,465 | ||||
Colombia Government International Bond (Colombia), | |||||||
Sr. Unsec’d. Notes | |||||||
4.500% | 01/28/26 | 220 | 210,760 | ||||
Export-Import Bank of India (India), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.875% | 02/01/28 | 745 | 703,233 | ||||
Finnvera OYJ (Finland), | |||||||
Gov’t. Gtd. Notes, 144A, MTN | |||||||
2.375% | 06/04/25 | 400 | 383,845 | ||||
Indonesia Government International Bond (Indonesia), | |||||||
Sr. Unsec’d. Notes | |||||||
1.450% | 09/18/26 | EUR | 1,510 | 1,498,195 | |||
3.375% | 07/30/25 | EUR | 1,200 | 1,286,190 | |||
Japan Bank for International Cooperation (Japan), | |||||||
Gov’t. Gtd. Notes | |||||||
3.375% | 10/31/23 | 200 | 198,629 | ||||
Japan Finance Organization for Municipalities (Japan), | |||||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
2.125% | 10/25/23 | 1,000 | 983,360 | ||||
3.000% | 03/12/24 | 200 | 197,148 | ||||
Panama Government International Bond (Panama), | |||||||
Sr. Unsec’d. Notes | |||||||
4.500% | 04/16/50 | 340 | 258,145 | ||||
Peruvian Government International Bond (Peru), | |||||||
Sr. Unsec’d. Notes | |||||||
2.783% | 01/23/31 | 514 | 438,442 | ||||
Qatar Government International Bond (Qatar), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.103% | 04/23/48 | 665 | 674,975 | ||||
Tokyo Metropolitan Government (Japan), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.250% | 06/01/23 | 600 | 597,678 | ||||
Uruguay Government International Bond (Uruguay), | |||||||
Sr. Unsec’d. Notes | |||||||
5.100% | 06/18/50 | 395 | 396,185 | ||||
Total Sovereign Bonds (cost $11,063,821) | 10,549,744 | ||||||
U.S. Government Agency Obligations — 11.5% | |||||||
Federal Home Loan Bank | |||||||
5.500% | 07/15/36 | 850 | 979,137 | ||||
Federal Home Loan Mortgage Corp. | |||||||
1.500% | 11/01/50 | 1,236 | 972,998 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
2.000% | 01/01/32 | 360 | $332,745 | ||||
2.000% | 02/01/36 | 912 | 824,664 | ||||
2.000% | 06/01/40 | 730 | 631,133 | ||||
2.000% | 10/01/40 | 1,213 | 1,040,776 | ||||
2.000% | 09/01/50 | 2,800 | 2,322,835 | ||||
2.000% | 03/01/51 | 1,131 | 937,539 | ||||
2.000% | 04/01/51 | 71 | 58,517 | ||||
2.000% | 07/01/51 | 2,671 | 2,213,304 | ||||
2.000% | 09/01/51 | 476 | 395,055 | ||||
2.000% | 10/01/51 | 482 | 399,080 | ||||
2.500% | 03/01/30 | 188 | 178,893 | ||||
2.500% | 03/01/51 | 647 | 566,062 | ||||
2.500% | 04/01/51 | 5,525 | 4,771,338 | ||||
2.500% | 05/01/51 | 2,517 | 2,171,034 | ||||
2.500% | 08/01/51 | 479 | 413,604 | ||||
2.500% | 08/01/51 | 2,633 | 2,271,809 | ||||
2.500% | 09/01/51 | 1,853 | 1,598,768 | ||||
2.500% | 09/01/51 | 4,481 | 3,878,219 | ||||
2.500% | 12/01/51 | 2,859 | 2,465,994 | ||||
3.000% | 10/01/28 | 128 | 124,223 | ||||
3.000% | 06/01/29 | 277 | 266,814 | ||||
3.000% | 01/01/37 | 82 | 76,970 | ||||
3.000% | 06/01/42 | 135 | 124,944 | ||||
3.000% | 10/01/42 | 332 | 306,735 | ||||
3.000% | 01/01/43 | 313 | 288,986 | ||||
3.000% | 07/01/43 | 843 | 778,069 | ||||
3.000% | 11/01/49 | 1,121 | 1,014,728 | ||||
3.000% | 02/01/50 | 1,411 | 1,277,959 | ||||
3.000% | 05/01/50 | 290 | 262,096 | ||||
3.000% | 06/01/51 | 1,683 | 1,512,439 | ||||
3.000% | 01/01/52 | 985 | 884,617 | ||||
3.000% | 02/01/52 | 2,484 | 2,240,914 | ||||
3.000% | 02/01/52 | 3,833 | 3,443,287 | ||||
3.000% | 06/01/52 | 2,792 | 2,506,880 | ||||
3.500% | 06/01/42 | 140 | 133,501 | ||||
3.500% | 01/01/47 | 232 | 220,086 | ||||
3.500% | 02/01/47 | 392 | 370,693 | ||||
3.500% | 06/01/52 | 2,961 | 2,751,759 | ||||
4.000% | 06/01/26 | 107 | 106,667 | ||||
4.000% | 09/01/26 | 38 | 37,568 | ||||
4.000% | 11/01/37 | 2,343 | 2,306,175 | ||||
4.000% | 03/01/38 | 160 | 155,073 | ||||
4.000% | 10/01/39 | 263 | 257,984 | ||||
4.000% | 09/01/40 | 318 | 311,940 | ||||
4.000% | 12/01/40 | 153 | 149,712 | ||||
4.000% | 10/01/41 | 125 | 122,521 | ||||
4.000% | 01/01/42 | 45 | 44,441 | ||||
4.000% | 04/01/52 | 940 | 908,543 | ||||
4.500% | 02/01/39 | 35 | 35,573 | ||||
4.500% | 09/01/39 | 54 | 54,418 | ||||
4.500% | 10/01/39 | 474 | 477,023 | ||||
4.500% | 12/01/39 | 48 | 48,806 | ||||
4.500% | 07/01/41 | 60 | 60,144 | ||||
4.500% | 07/01/41 | 1,059 | 1,066,401 | ||||
4.500% | 08/01/41 | 101 | 100,920 | ||||
4.500% | 08/01/41 | 104 | 102,998 | ||||
4.500% | 08/01/41 | 168 | 167,625 |
A24
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
4.500% | 10/01/41 | 96 | $95,854 | ||||
4.500% | 12/01/47 | 89 | 88,859 | ||||
4.500% | 08/01/48 | 186 | 185,281 | ||||
4.500% | 07/01/52 | 1,965 | 1,924,716 | ||||
4.500% | 09/01/52 | 239 | 234,592 | ||||
5.000% | 05/01/34 | 11 | 11,593 | ||||
5.000% | 05/01/34 | 134 | 137,479 | ||||
5.000% | 10/01/35 | 3 | 3,091 | ||||
5.000% | 07/01/37 | 172 | 175,858 | ||||
5.000% | 05/01/39 | 26 | 26,183 | ||||
5.000% | 10/01/52 | 1,484 | 1,479,794 | ||||
5.000% | 11/01/52 | 2,956 | 2,948,065 | ||||
5.000% | 02/01/53 | —(r) | 0 | ||||
5.500% | 12/01/33 | 29 | 29,293 | ||||
5.500% | 01/01/34 | 27 | 27,773 | ||||
5.500% | 06/01/34 | 37 | 37,904 | ||||
5.500% | 07/01/34 | 84 | 86,475 | ||||
5.500% | 05/01/37 | 23 | 24,201 | ||||
5.500% | 02/01/38 | 180 | 187,366 | ||||
5.500% | 05/01/38 | 20 | 20,827 | ||||
5.500% | 07/01/38 | 49 | 50,961 | ||||
6.000% | 03/01/32 | 112 | 115,058 | ||||
6.000% | 12/01/33 | 21 | 21,633 | ||||
6.000% | 11/01/36 | 23 | 24,117 | ||||
6.000% | 01/01/37 | 17 | 17,184 | ||||
6.000% | 05/01/37 | 10 | 10,941 | ||||
6.000% | 02/01/38 | 2 | 1,849 | ||||
6.000% | 08/01/39 | 28 | 29,052 | ||||
6.750% | 03/15/31 | 550 | 659,084 | ||||
7.000% | 05/01/31 | 3 | 2,689 | ||||
7.000% | 06/01/31 | 10 | 10,581 | ||||
7.000% | 08/01/31 | 86 | 88,338 | ||||
7.000% | 10/01/31 | 5 | 5,247 | ||||
Federal Home Loan Mortgage Corp., 30 Day Average SOFR + 2.341% (Cap 10.167%, Floor 2.341%) | |||||||
5.167%(c) | 02/01/53 | 2,063 | 2,069,349 | ||||
Federal National Mortgage Assoc. | |||||||
1.500% | 01/01/36 | 491 | 431,998 | ||||
1.500% | 02/01/42 | 474 | 388,502 | ||||
1.500% | 11/01/50 | 3,255 | 2,563,035 | ||||
1.500% | 12/01/50 | 3,423 | 2,691,317 | ||||
1.500% | 07/01/51 | 808 | 635,233 | ||||
2.000% | 08/01/31 | 353 | 325,101 | ||||
2.000% | 02/01/41 | 1,543 | 1,318,434 | ||||
2.000% | 05/01/41(k) | 3,410 | 2,948,227 | ||||
2.000% | 08/01/50 | 1,144 | 949,175 | ||||
2.000% | 10/01/50 | 6,689 | 5,554,389 | ||||
2.000% | 11/01/50 | 1,556 | 1,290,918 | ||||
2.000% | 01/01/51 | 1,302 | 1,080,049 | ||||
2.000% | 02/01/51 | 62 | 51,552 | ||||
2.000% | 03/01/51 | 6,953 | 5,765,084 | ||||
2.000% | 04/01/51 | 463 | 383,982 | ||||
2.000% | 05/01/51 | 14,689 | 12,175,870 | ||||
2.000% | 08/01/51 | 2,123 | 1,759,154 | ||||
2.000% | 10/01/51 | 3,600 | 2,977,536 | ||||
2.500% | 10/01/43 | 328 | 287,982 | ||||
2.500% | 12/01/46 | 699 | 612,975 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
2.500% | 03/01/50 | 677 | $587,483 | ||||
2.500% | 08/01/50 | 2,413 | 2,084,962 | ||||
2.500% | 02/01/51 | 1,315 | 1,133,305 | ||||
2.500% | 02/01/51 | 1,600 | 1,379,710 | ||||
2.500% | 03/01/51 | 1,602 | 1,380,967 | ||||
2.500% | 04/01/51 | 2,785 | 2,400,634 | ||||
2.500% | 08/01/51 | 944 | 814,738 | ||||
2.500% | 08/01/51 | 1,443 | 1,246,140 | ||||
2.500% | 09/01/51 | 997 | 860,503 | ||||
2.500% | 10/01/51 | 519 | 447,667 | ||||
2.500% | 11/01/51 | 2,409 | 2,078,408 | ||||
2.500% | 12/01/51 | 3,943 | 3,422,333 | ||||
2.500% | 02/01/52 | 476 | 412,519 | ||||
2.500% | 03/01/52 | 1,787 | 1,542,117 | ||||
2.500% | 04/01/52 | 182 | 156,759 | ||||
2.500% | 05/01/52 | 1,417 | 1,229,624 | ||||
3.000% | 02/01/27 | 411 | 400,095 | ||||
3.000% | 08/01/30 | 409 | 390,136 | ||||
3.000% | 05/01/35 | 3,182 | 3,022,267 | ||||
3.000% | 07/01/36 | 1,977 | 1,877,252 | ||||
3.000% | 11/01/36 | 623 | 584,280 | ||||
3.000% | 12/01/42 | 573 | 528,408 | ||||
3.000% | 03/01/43 | 115 | 105,763 | ||||
3.000% | 11/01/46 | 409 | 375,453 | ||||
3.000% | 01/01/47 | 609 | 557,718 | ||||
3.000% | 02/01/47 | 649 | 593,294 | ||||
3.000% | 03/01/47 | 339 | 310,226 | ||||
3.000% | 06/01/49 | 14 | 12,811 | ||||
3.000% | 12/01/49 | 1,273 | 1,153,733 | ||||
3.000% | 01/01/50 | 477 | 431,209 | ||||
3.000% | 02/01/50 | 486 | 440,061 | ||||
3.000% | 02/01/50 | 2,621 | 2,372,684 | ||||
3.000% | 03/01/50 | 266 | 240,869 | ||||
3.000% | 04/01/51 | 121 | 108,518 | ||||
3.000% | 05/01/51 | 2,205 | 1,985,314 | ||||
3.000% | 11/01/51 | 112 | 101,047 | ||||
3.000% | 02/01/52 | 757 | 679,485 | ||||
3.000% | 03/01/52 | 942 | 848,470 | ||||
3.000% | 04/01/52 | 480 | 432,242 | ||||
3.000% | 04/01/52 | 970 | 877,224 | ||||
3.000% | 04/01/52 | 1,492 | 1,338,888 | ||||
3.500% | 07/01/31 | 322 | 312,612 | ||||
3.500% | 02/01/33 | 809 | 787,779 | ||||
3.500% | 06/01/39 | 253 | 241,585 | ||||
3.500% | 01/01/42 | 1,459 | 1,391,510 | ||||
3.500% | 05/01/42 | 748 | 713,677 | ||||
3.500% | 07/01/42 | 398 | 380,086 | ||||
3.500% | 08/01/42 | 151 | 144,268 | ||||
3.500% | 08/01/42 | 387 | 369,037 | ||||
3.500% | 09/01/42 | 220 | 210,021 | ||||
3.500% | 09/01/42 | 801 | 764,389 | ||||
3.500% | 11/01/42 | 107 | 102,355 | ||||
3.500% | 03/01/43 | 1,216 | 1,159,608 | ||||
3.500% | 04/01/43 | 239 | 228,375 | ||||
3.500% | 04/01/43 | 347 | 330,543 | ||||
3.500% | 01/01/46 | 620 | 590,802 | ||||
3.500% | 07/01/46 | 440 | 415,352 |
A25
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
3.500% | 11/01/46 | 508 | $479,767 | ||||
3.500% | 09/01/47 | 266 | 250,581 | ||||
3.500% | 01/01/48 | 2,246 | 2,118,415 | ||||
3.500% | 05/01/48 | 452 | 425,166 | ||||
3.500% | 06/01/48 | 454 | 427,621 | ||||
3.500% | 07/01/48 | 269 | 253,793 | ||||
3.500% | 03/01/49 | 5,307 | 5,005,978 | ||||
3.500% | 05/01/49 | 393 | 368,662 | ||||
3.500% | 06/01/49 | 221 | 208,808 | ||||
3.500% | 02/01/52 | 2,867 | 2,667,420 | ||||
3.500% | 03/01/52 | 977 | 915,114 | ||||
3.500% | 03/01/52 | 1,901 | 1,766,922 | ||||
3.500% | 06/01/52 | 987 | 917,034 | ||||
3.500% | 07/01/52 | 6,872 | 6,386,351 | ||||
4.000% | TBA | 2,500 | 2,392,197 | ||||
4.000% | 10/01/41 | 985 | 964,494 | ||||
4.000% | 09/01/44 | 668 | 652,191 | ||||
4.000% | 10/01/46 | 249 | 241,245 | ||||
4.000% | 02/01/47 | 119 | 116,287 | ||||
4.000% | 09/01/47 | 415 | 404,045 | ||||
4.000% | 11/01/47 | 288 | 282,010 | ||||
4.000% | 11/01/47 | 590 | 575,631 | ||||
4.000% | 03/01/49 | 2,663 | 2,585,923 | ||||
4.000% | 04/01/52 | 479 | 458,158 | ||||
4.000% | 06/01/52 | 955 | 912,959 | ||||
4.000% | 08/01/52 | 3,516 | 3,363,716 | ||||
4.000% | 12/01/52 | 4,513 | 4,316,312 | ||||
4.000% | 01/01/53 | 498 | 476,106 | ||||
4.500% | TBA | 14,000 | 13,717,141 | ||||
4.500% | 07/01/33 | 20 | 20,284 | ||||
4.500% | 08/01/33 | 22 | 22,283 | ||||
4.500% | 09/01/33 | 50 | 49,316 | ||||
4.500% | 10/01/33 | 3 | 2,619 | ||||
4.500% | 10/01/33 | 18 | 18,328 | ||||
4.500% | 10/01/33 | 53 | 52,916 | ||||
4.500% | 01/01/35 | 1 | 644 | ||||
4.500% | 07/01/39 | 388 | 389,174 | ||||
4.500% | 08/01/39 | 538 | 539,873 | ||||
4.500% | 03/01/41 | 174 | 175,388 | ||||
4.500% | 11/01/47 | 947 | 944,294 | ||||
4.500% | 01/01/49 | 147 | 146,248 | ||||
4.500% | 09/01/52 | 264 | 258,189 | ||||
5.000% | 03/01/34 | 107 | 109,404 | ||||
5.000% | 06/01/35 | 38 | 38,939 | ||||
5.000% | 07/01/35 | 51 | 52,511 | ||||
5.000% | 09/01/35 | 43 | 43,823 | ||||
5.000% | 11/01/35 | 55 | 55,741 | ||||
5.000% | 02/01/36 | 47 | 47,959 | ||||
5.000% | 05/01/36 | 23 | 23,963 | ||||
5.000% | 06/01/49 | 495 | 500,474 | ||||
5.000% | 09/01/52 | 488 | 486,205 | ||||
5.000% | 12/01/52 | 1,032 | 1,029,639 | ||||
5.500% | TBA | 6,500 | 6,563,603 | ||||
5.500% | 09/01/33 | 93 | 95,394 | ||||
5.500% | 10/01/33 | 44 | 44,908 | ||||
5.500% | 12/01/33 | 24 | 25,206 | ||||
5.500% | 01/01/34 | 1 | 572 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
5.500% | 12/01/34 | 91 | $94,397 | ||||
5.500% | 10/01/35 | 191 | 193,944 | ||||
5.500% | 03/01/36 | 43 | 44,292 | ||||
5.500% | 05/01/36 | 87 | 89,070 | ||||
5.500% | 04/01/37 | 42 | 44,078 | ||||
6.000% | 04/01/33 | 7 | 7,408 | ||||
6.000% | 06/01/33 | 3 | 2,744 | ||||
6.000% | 10/01/33 | 152 | 156,457 | ||||
6.000% | 11/01/33 | 2 | 1,917 | ||||
6.000% | 11/01/33 | 8 | 7,865 | ||||
6.000% | 11/01/33 | 39 | 39,808 | ||||
6.000% | 01/01/34 | 177 | 182,847 | ||||
6.000% | 02/01/34 | 32 | 33,142 | ||||
6.000% | 03/01/34 | 17 | 17,058 | ||||
6.000% | 07/01/34 | 92 | 94,464 | ||||
6.000% | 08/01/34 | —(r) | 510 | ||||
6.000% | 10/01/34 | 2 | 1,914 | ||||
6.000% | 11/01/34 | 2 | 2,219 | ||||
6.000% | 11/01/34 | 7 | 6,987 | ||||
6.000% | 01/01/35 | 46 | 46,641 | ||||
6.000% | 01/01/35 | 82 | 83,979 | ||||
6.000% | 02/01/35 | 34 | 34,231 | ||||
6.000% | 02/01/35 | 112 | 116,189 | ||||
6.000% | 03/01/35 | 1 | 867 | ||||
6.000% | 04/01/35 | —(r) | 435 | ||||
6.000% | 07/01/36 | 16 | 17,123 | ||||
6.000% | 02/01/37 | 35 | 36,599 | ||||
6.000% | 05/01/37 | 13 | 14,042 | ||||
6.000% | 06/01/37 | —(r) | 272 | ||||
6.000% | 08/01/37 | 6 | 6,319 | ||||
6.000% | 09/01/37 | —(r) | 199 | ||||
6.000% | 10/01/37 | 26 | 26,757 | ||||
6.000% | 05/01/38 | 30 | 31,171 | ||||
6.000% | 06/01/38 | —(r) | 439 | ||||
6.500% | 07/01/32 | 25 | 26,244 | ||||
6.500% | 09/01/32 | 1 | 1,283 | ||||
6.500% | 09/01/32 | 31 | 31,610 | ||||
6.500% | 09/01/32 | 34 | 35,204 | ||||
6.500% | 09/01/32 | 43 | 44,650 | ||||
6.500% | 04/01/33 | 40 | 41,488 | ||||
6.500% | 11/01/33 | 18 | 18,523 | ||||
6.500% | 01/01/34 | 19 | 19,092 | ||||
6.500% | 09/01/34 | 40 | 41,323 | ||||
6.500% | 09/01/36 | 40 | 42,021 | ||||
6.500% | 10/01/36 | 11 | 11,204 | ||||
6.500% | 01/01/37 | 35 | 35,914 | ||||
6.500% | 01/01/37 | 51 | 52,975 | ||||
6.625% | 11/15/30 | 995 | 1,179,129 | ||||
7.000% | 02/01/32 | 7 | 6,596 | ||||
7.000% | 05/01/32 | 8 | 8,682 | ||||
7.000% | 06/01/32 | 9 | 9,167 | ||||
7.000% | 07/01/32 | 28 | 29,258 | ||||
7.125% | 01/15/30(k) | 3,195 | 3,826,539 | ||||
Government National Mortgage Assoc. | |||||||
2.000% | 03/20/51 | 767 | 655,150 | ||||
2.000% | 07/20/51 | 467 | 398,245 | ||||
2.000% | 10/20/51 | 675 | 574,965 |
A26
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
2.500% | 03/20/43 | 131 | $117,356 | ||||
2.500% | 12/20/46 | 234 | 208,874 | ||||
2.500% | 08/20/50 | 70 | 61,174 | ||||
2.500% | 05/20/51 | 392 | 345,652 | ||||
2.500% | 08/20/51 | 4,104 | 3,612,308 | ||||
2.500% | 10/20/51 | 1,194 | 1,051,372 | ||||
2.500% | 11/20/51 | 448 | 394,188 | ||||
2.500% | 12/20/51 | 311 | 273,807 | ||||
2.500% | 01/20/52 | 43 | 37,729 | ||||
2.500% | 03/20/52 | 1,923 | 1,691,481 | ||||
2.500% | 04/20/52 | 3,366 | 2,961,872 | ||||
3.000% | 12/20/44 | 87 | 81,022 | ||||
3.000% | 03/15/45 | 240 | 221,282 | ||||
3.000% | 11/20/45 | 268 | 248,825 | ||||
3.000% | 03/20/46 | 547 | 507,805 | ||||
3.000% | 07/20/46 | 1,388 | 1,286,542 | ||||
3.000% | 08/20/46 | 369 | 341,344 | ||||
3.000% | 10/20/46 | 321 | 297,452 | ||||
3.000% | 04/20/47 | 453 | 418,388 | ||||
3.000% | 12/20/49 | 154 | 141,427 | ||||
3.000% | 01/20/50 | 906 | 833,108 | ||||
3.000% | 06/20/51 | 665 | 608,416 | ||||
3.000% | 10/20/51 | 1,395 | 1,275,117 | ||||
3.000% | 12/20/51 | 2,739 | 2,499,211 | ||||
3.000% | 04/20/52 | 956 | 871,279 | ||||
3.000% | 05/20/52 | 3,500 | 3,187,286 | ||||
3.500% | 12/20/42 | 529 | 506,057 | ||||
3.500% | 05/20/43 | 161 | 154,103 | ||||
3.500% | 04/20/45 | 463 | 441,184 | ||||
3.500% | 07/20/46 | 1,673 | 1,590,962 | ||||
3.500% | 07/20/48 | 1,294 | 1,229,488 | ||||
3.500% | 11/20/48 | 426 | 403,723 | ||||
3.500% | 06/20/49 | 1,601 | 1,514,848 | ||||
4.000% | 06/15/40 | 31 | 29,268 | ||||
4.000% | 05/20/41 | 27 | 26,657 | ||||
4.000% | 12/20/42 | 300 | 296,600 | ||||
4.000% | 08/20/44 | 108 | 107,037 | ||||
4.000% | 11/20/45 | 207 | 202,792 | ||||
4.000% | 12/20/45 | 566 | 554,477 | ||||
4.000% | 09/20/47 | 1,540 | 1,507,463 | ||||
4.000% | 02/20/49 | 557 | 541,666 | ||||
4.000% | 01/20/50 | 221 | 214,336 | ||||
4.500% | TBA | 6,500 | 6,402,188 | ||||
4.500% | 04/15/40 | 175 | 176,244 | ||||
4.500% | 01/20/41 | 205 | 207,302 | ||||
4.500% | 02/20/41 | 319 | 322,919 | ||||
4.500% | 03/20/41 | 160 | 161,946 | ||||
4.500% | 06/20/44 | 236 | 238,632 | ||||
4.500% | 09/20/46 | 194 | 192,033 | ||||
4.500% | 11/20/46 | 249 | 251,472 | ||||
4.500% | 03/20/47 | 134 | 134,778 | ||||
4.500% | 05/20/48 | 218 | 217,605 | ||||
4.500% | 08/20/48 | 388 | 386,968 | ||||
5.000% | 10/20/37 | 58 | 59,471 | ||||
5.000% | 04/20/45 | 268 | 275,248 | ||||
5.500% | 08/15/33 | 111 | 113,477 | ||||
5.500% | 08/15/33 | 146 | 149,389 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
5.500% | 09/15/33 | 33 | $33,899 | ||||
5.500% | 12/15/33 | 8 | 7,721 | ||||
5.500% | 03/15/34 | 96 | 98,341 | ||||
5.500% | 12/15/34 | 174 | 180,948 | ||||
5.500% | 07/15/35 | 30 | 31,257 | ||||
5.500% | 04/15/36 | 27 | 27,079 | ||||
6.000% | 04/15/33 | 4 | 4,338 | ||||
6.000% | 12/15/33 | 63 | 64,033 | ||||
6.000% | 01/15/34 | 16 | 16,098 | ||||
6.000% | 01/15/34 | 18 | 17,906 | ||||
6.000% | 01/15/34 | 33 | 34,581 | ||||
6.000% | 06/20/34 | 55 | 58,420 | ||||
6.000% | 07/15/34 | 41 | 42,685 | ||||
6.500% | 10/15/23 | —(r) | 51 | ||||
6.500% | 12/15/23 | —(r) | 176 | ||||
6.500% | 01/15/24 | —(r) | 62 | ||||
6.500% | 01/15/24 | 1 | 634 | ||||
6.500% | 01/15/24 | 1 | 1,441 | ||||
6.500% | 01/15/24 | 2 | 1,668 | ||||
6.500% | 01/15/24 | 2 | 1,807 | ||||
6.500% | 01/15/24 | 5 | 4,848 | ||||
6.500% | 02/15/24 | —(r) | 126 | ||||
6.500% | 02/15/24 | —(r) | 283 | ||||
6.500% | 02/15/24 | —(r) | 457 | ||||
6.500% | 02/15/24 | 1 | 798 | ||||
6.500% | 02/15/24 | 1 | 876 | ||||
6.500% | 03/15/24 | —(r) | 190 | ||||
6.500% | 04/15/24 | —(r) | 84 | ||||
6.500% | 04/15/24 | —(r) | 316 | ||||
6.500% | 04/15/24 | —(r) | 323 | ||||
6.500% | 04/15/24 | —(r) | 430 | ||||
6.500% | 04/15/24 | 2 | 1,571 | ||||
6.500% | 04/15/24 | 2 | 1,700 | ||||
6.500% | 05/15/24 | —(r) | 418 | ||||
6.500% | 05/15/24 | 1 | 806 | ||||
6.500% | 05/15/24 | 2 | 1,633 | ||||
6.500% | 10/15/24 | 1 | 1,480 | ||||
6.500% | 11/15/28 | 2 | 2,435 | ||||
6.500% | 08/15/31 | 3 | 2,773 | ||||
6.500% | 12/15/31 | 5 | 5,409 | ||||
6.500% | 02/15/32 | 17 | 17,252 | ||||
6.500% | 06/15/32 | 10 | 10,304 | ||||
6.500% | 07/15/32 | 18 | 18,078 | ||||
6.500% | 08/15/32 | 3 | 3,126 | ||||
6.500% | 08/15/32 | 3 | 3,467 | ||||
6.500% | 08/15/32 | 6 | 6,437 | ||||
6.500% | 08/15/32 | 21 | 21,387 | ||||
6.500% | 08/15/32 | 99 | 102,728 | ||||
6.500% | 08/15/34 | 19 | 19,190 | ||||
6.500% | 06/15/35 | 17 | 17,833 | ||||
6.500% | 09/15/36 | 20 | 20,579 | ||||
8.000% | 01/15/24 | 1 | 718 | ||||
Tennessee Valley Authority, Sr. Unsec’d. Notes | |||||||
1.500% | 09/15/31 | 200 | 163,021 | ||||
7.125% | 05/01/30 | 510 | 606,107 | ||||
Total U.S. Government Agency Obligations (cost $290,094,727) | 276,391,419 |
A27
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Treasury Obligations — 1.7% | |||||||
U.S. Treasury Bonds | |||||||
2.000% | 11/15/41(h) | 15,220 | $11,481,588 | ||||
2.250% | 05/15/41(a) | 12,770 | 10,142,173 | ||||
2.250% | 08/15/49 | 585 | 439,755 | ||||
2.375% | 02/15/42(a)(kk) | 12,375 | 9,948,340 | ||||
2.375% | 11/15/49 | 2,820 | 2,178,891 | ||||
U.S. Treasury Strips Coupon | |||||||
1.760%(s) | 08/15/40 | 830 | 423,624 | ||||
2.000%(s) | 08/15/39 | 360 | 192,220 | ||||
2.378%(s) | 11/15/43 | 3,600 | 1,587,234 | ||||
2.941%(s) | 11/15/41 | 7,520 | 3,615,769 | ||||
Total U.S. Treasury Obligations (cost $48,845,665) | 40,009,594 | ||||||
Total Long-Term Investments (cost $1,348,856,107) | 2,154,620,672 |
Shares | |||||
Short-Term Investments — 15.0% | |||||
Affiliated Mutual Funds — 14.9% | |||||
PGIM Core Ultra Short Bond Fund(wa) | 282,596,962 | 282,596,962 | |||
PGIM Institutional Money Market Fund (cost $77,140,431; includes $76,803,066 of cash collateral for securities on loan)(b)(wa) | 77,256,363 | 77,217,734 | |||
Total Affiliated Mutual Funds (cost $359,737,393) | 359,814,696 |
Interest Rate | Maturity Date | Principal Amount (000)# | ||||
U.S. Treasury Obligation(k)(n) — 0.1% | ||||||
U.S. Treasury Bills | ||||||
4.587% | 06/15/23 | 930 | 921,255 | |||
(cost $921,216) |
Option Purchased*~ — 0.0% | |||||
(cost $38,593) | 56,176 | ||||
Total Short-Term Investments (cost $360,697,202) | 360,792,127 | ||||
TOTAL INVESTMENTS, BEFORE OPTIONS WRITTEN—104.3% (cost $1,709,553,309) | 2,515,412,799 |
Value | |||||
Options Written*~ — (0.0)% | |||||
(premiums received $104,726) | $(80,699) | ||||
TOTAL INVESTMENTS, NET OF OPTIONS WRITTEN—104.3% (cost $1,709,448,583) | 2,515,332,100 | ||||
Liabilities in excess of other assets(z) — (4.3)% | (103,574,335) | ||||
Net Assets — 100.0% | $2,411,757,765 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: | |
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. |
A | Annual payment frequency for swaps |
BABs | Build America Bonds |
BARC | Barclays Bank PLC |
BATE | CBOE- Europe – BXE Order Books |
BNP | BNP Paribas S.A. |
BOA | Bank of America, N.A. |
CDX | Credit Derivative Index |
CGM | Citigroup Global Markets, Inc. |
CITI | Citibank, N.A. |
CLO | Collateralized Loan Obligation |
CVA | Certificate Van Aandelen (Bearer) |
DAC | Designated Activity Company |
EAFE | Europe, Australasia, Far East |
ETF | Exchange-Traded Fund |
EURIBOR | Euro Interbank Offered Rate |
FHLMC | Federal Home Loan Mortgage Corporation |
FNMA | Federal National Mortgage Association |
GMTN | Global Medium Term Note |
GSI | Goldman Sachs International |
HSBC | HSBC Bank PLC |
IO | Interest Only (Principal amount represents notional) |
JPM | JPMorgan Chase Bank N.A. |
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 |
REITs | Real Estate Investment Trust |
REMIC | Real Estate Mortgage Investment Conduit |
S&P | Standard & Poor’s |
SCB | Standard Chartered Bank |
SGMX | Sigma X MTF |
SOFR | Secured Overnight Financing Rate |
T | Swap payment upon termination |
TBA | To Be Announced |
TD | The Toronto-Dominion Bank |
USOIS | United States Overnight Index Swap |
A28
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
XTKS | Tokyo Stock Exchange |
* | 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. Excludes centrally cleared swaptions. |
^ | Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $879,211 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 $76,236,654; cash collateral of $76,803,066 (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 March 31, 2023. |
(cc) | Variable rate instrument. The rate shown is based on the latest available information as of March 31, 2023. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description. |
(ff) | Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end. |
(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. |
(kk) | Represents security, or a portion thereof, segregated as collateral for TBA securities. |
(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: |
Forward Commitment Contracts: | |||||||||||
U.S. Government Agency Obligations | Interest Rate | Maturity Date | Settlement Date | Principal Amount (000)# | Value | ||||||
Federal National Mortgage Assoc. | 3.000% | TBA | 04/13/23 | $(1,500) | $(1,345,889) | ||||||
Federal National Mortgage Assoc. | 3.500% | TBA | 05/11/23 | (18,500) | (17,201,387) | ||||||
TOTAL FORWARD COMMITMENT CONTRACTS (proceeds receivable $18,444,141) | $(18,547,276) |
Options Purchased:
OTC Traded | ||||||||||||||||
Description | Call/ Put | Counterparty | Expiration Date | Strike | Contracts | Notional Amount (000)# | Value | |||||||||
FNMA TBA 5.50% | Call | BOA | 04/06/23 | $100.16 | — | 6,500 | $56,176 | |||||||||
(cost $38,593) |
Options Written:
OTC Traded | ||||||||||||||||
Description | Call/ Put | Counterparty | Expiration Date | Strike | Contracts | Notional Amount (000)# | Value | |||||||||
FNMA TBA 5.50% | Call | BOA | 06/06/23 | $100.11 | — | 6,500 | $(80,402) | |||||||||
FNMA TBA 5.50% | Put | CGM | 04/06/23 | $99.52 | — | 8,000 | (149) | |||||||||
Total OTC Traded (premiums received $104,726) | $(80,551) |
A29
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Options Written (continued):
OTC Swaptions | ||||||||||||||||||
Description | Call/ Put | Counterparty | Expiration Date | Strike | Receive | Pay | Notional Amount (000)# | Value | ||||||||||
GS_21-PJA^ | Put | GSI | 06/17/24 | 0.25% | 0.25%(M) | GS_21-PJA(M) | 9,100 | $(148) | ||||||||||
(premiums received $0) | ||||||||||||||||||
Total Options Written (premiums received $104,726) | $(80,699) |
Options Purchased:
Centrally Cleared Swaptions | |||||||||||||||||
Description | Call/ Put | Expiration Date | Strike | Receive | Pay | Notional Amount (000)# | Value at March 31, 2023 | Unrealized Appreciation (Depreciation) | |||||||||
CDX.NA.IG.39.V1, 12/20/27 | Put | 04/19/23 | 0.85% | CDX.NA.IG.39.V1(Q) | 1.00%(Q) | 12,820 | $5,217 | $(35,294) | |||||||||
(cost $40,511) |
Options Written:
Centrally Cleared Swaptions | |||||||||||||||||
Description | Call/ Put | Expiration Date | Strike | Receive | Pay | Notional Amount (000)# | Value at March 31, 2023 | Unrealized Appreciation (Depreciation) | |||||||||
CDX.NA.IG.39.V1, 12/20/27 | Call | 04/19/23 | 0.75% | CDX.NA.IG.39.V1(Q) | 1.00%(Q) | 12,820 | $(24,578) | $7,472 | |||||||||
(premiums received $32,050) |
Futures contracts outstanding at March 31, 2023: | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Long Positions: | ||||||||
93 | 2 Year U.S. Treasury Notes | Jun. 2023 | $19,200,141 | $217,061 | ||||
457 | 5 Year U.S. Treasury Notes | Jun. 2023 | 50,045,069 | 699,675 | ||||
396 | 10 Year U.S. Treasury Notes | Jun. 2023 | 45,509,064 | 701,985 | ||||
142 | 30 Year U.S. Ultra Treasury Bonds | Jun. 2023 | 20,039,750 | 651,077 | ||||
8 | Mini MSCI EAFE Index | Jun. 2023 | 838,600 | 27,048 | ||||
66 | S&P 500 E-Mini Index | Jun. 2023 | 13,654,575 | 799,301 | ||||
3,096,147 | ||||||||
Short Positions: | ||||||||
21 | 5 Year Euro-Bobl | Jun. 2023 | 2,684,658 | (64,137) | ||||
25 | 10 Year U.S. Ultra Treasury Notes | Jun. 2023 | 3,028,516 | (91,385) | ||||
371 | 20 Year U.S. Treasury Bonds | Jun. 2023 | 48,658,969 | (1,960,970) | ||||
(2,116,492) | ||||||||
$979,655 |
Forward foreign currency exchange
contracts outstanding at March 31, 2023:
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
Euro, | |||||||||||||
Expiring 04/04/23 | HSBC | EUR | 14,532 | $15,667,445 | $15,763,882 | $96,437 | $— |
A30
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Forward foreign currency exchange
contracts outstanding at March 31, 2023 (continued):
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Euro (cont’d.), | |||||||||||||
Expiring 04/04/23 | SCB | EUR | 225 | $238,881 | $244,378 | $5,497 | $— | ||||||
$15,906,326 | $16,008,260 | 101,934 | — |
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
Euro, | |||||||||||||
Expiring 04/04/23 | CITI | EUR | 243 | $258,746 | $263,075 | $— | $(4,329) | ||||||
Expiring 04/04/23 | TD | EUR | 14,515 | 15,475,594 | 15,745,185 | — | (269,591) | ||||||
Expiring 05/02/23 | HSBC | EUR | 14,532 | 15,692,877 | 15,788,810 | — | (95,933) | ||||||
$31,427,217 | $31,797,070 | — | (369,853) | ||||||||||
$101,934 | $(369,853) |
Credit default swap agreement
outstanding at March 31, 2023:
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at March 31, 2023(4) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
OTC Credit Default Swap Agreement on asset-backed and/or mortgage-backed securities - Sell Protection(2)^: | |||||||||||||||||
GS_21-PJA | 04/14/23 | 0.500%(M) | 5,545 | * | $4,770 | $(518) | $5,288 | GSI |
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1): | ||||||||||||||||
Credit Suisse Group AG | 06/20/26 | 1.000%(Q) | 2,000 | $54,819 | $107,459 | $(52,640) | BARC | |||||||||
Credit Suisse Group AG | 06/20/26 | 1.000%(Q) | 2,000 | 54,819 | 104,818 | (49,999) | BARC | |||||||||
Credit Suisse Group AG | 06/20/26 | 1.000%(Q) | 2,000 | 54,819 | 117,910 | (63,091) | BARC | |||||||||
U.S. Treasury Notes | 12/20/27 | 0.250%(Q) | EUR | 575 | 6,226 | 3,180 | 3,046 | BARC | ||||||||
U.S. Treasury Notes | 12/20/27 | 0.250%(Q) | EUR | 575 | 6,226 | 3,180 | 3,046 | BARC | ||||||||
U.S. Treasury Notes | 12/20/32 | 0.250%(Q) | EUR | 290 | 4,636 | 3,525 | 1,111 | BNP | ||||||||
$181,545 | $340,072 | $(158,527) |
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Value at Trade Date | Value at March 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Credit Default Swap Agreement on credit indices - Buy Protection(1): | ||||||||||||||
CDX.NA.IG.40.V1 | 06/20/28 | 1.000%(Q) | 14,994 | $(66,027) | $(176,486) | $(110,459) |
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 |
A31
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
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 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. |
Interest rate swap agreements
outstanding at March 31, 2023:
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at March 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements: | ||||||||||||||
3,816 | 03/08/25 | 4.946%(A) | 1 Day SOFR(2)(A)/ 4.870% | $— | $58,384 | $58,384 | ||||||||
4,664 | 03/09/25 | 5.110%(A) | 1 Day SOFR(2)(A)/ 4.870% | — | 85,940 | 85,940 | ||||||||
10,650 | 03/10/25 | 5.088%(A) | 1 Day SOFR(2)(A)/ 4.870% | — | 191,660 | 191,660 | ||||||||
$— | $335,984 | $335,984 |
(1) | The Portfolio pays the fixed rate and receives the floating rate. |
(2) | The Portfolio pays the floating rate and receives the fixed rate. |
Total return swap agreements outstanding at March 31, 2023: | ||||||||||||||
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: | ||||||||||||||
Total Return Benchmark Bond Index(T) | 1 Day USOIS -54bps(T)/ 4.290% | JPM | 09/20/23 | (5,376) | $(66,176) | $— | $(66,176) | |||||||
U.S. Treasury Bond(T) | 1 Day USOIS +10bps(T)/ 4.930% | JPM | 04/18/23 | 6,655 | (103,729) | — | (103,729) | |||||||
U.S. Treasury Bond(T) | 1 Day USOIS +10bps(T)/ 4.930% | GSI | 04/19/23 | 12,240 | (368,021) | — | (368,021) | |||||||
U.S. Treasury Bond(T) | 1 Day USOIS +10bps(T)/ 4.930% | JPM | 04/21/23 | 11,775 | (300,609) | — | (300,609) |
A32
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Total return swap agreements outstanding at March 31, 2023 (continued): | ||||||||||||||
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 (cont’d.): | ||||||||||||||
U.S. Treasury Bond(T) | 1 Day USOIS +11bps(T)/ 4.940% | JPM | 04/26/23 | 10,220 | $(311,670) | $— | $(311,670) | |||||||
U.S. Treasury Bond(T) | 1 Day USOIS +10bps(T)/ 4.930% | GSI | 04/27/23 | 16,755 | (415,144) | — | (415,144) | |||||||
U.S. Treasury Bond(T) | 1 Day USOIS +12bps(T)/ 4.950% | BOA | 05/10/23 | 19,230 | (54,632) | — | (54,632) | |||||||
U.S. Treasury Bond(T) | 1 Day USOIS +12bps(T)/ 4.950% | JPM | 05/23/23 | 13,010 | 379,074 | — | 379,074 | |||||||
$(1,240,907) | $— | $(1,240,907) |
(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).
A33