PSF PGIM TOTAL RETURN BOND PORTFOLIO
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Long-Term Investments — 100.5% | |||||||
Asset-Backed Securities — 22.4% | |||||||
Automobiles — 1.0% | |||||||
AmeriCredit Automobile Receivables Trust, | |||||||
Series 2020-02, Class D | |||||||
2.130% | 03/18/26 | 300 | $286,824 | ||||
Avis Budget Rental Car Funding AESOP LLC, | |||||||
Series 2020-02A, Class A, 144A | |||||||
2.020% | 02/20/27 | 600 | 547,527 | ||||
Series 2023-03A, Class B, 144A | |||||||
6.120% | 02/22/28 | 1,200 | 1,182,782 | ||||
Exeter Automobile Receivables Trust, | |||||||
Series 2020-03A, Class D | |||||||
1.730% | 07/15/26 | 165 | 162,564 | ||||
Series 2021-02A, Class C | |||||||
0.980% | 06/15/26 | 6 | 5,888 | ||||
Series 2021-02A, Class D | |||||||
1.400% | 04/15/27 | 20 | 18,584 | ||||
Hertz Vehicle Financing III LLC, | |||||||
Series 2022-01A, Class C, 144A | |||||||
2.630% | 06/25/26 | 200 | 186,434 | ||||
Hertz Vehicle Financing III LP, | |||||||
Series 2021-02A, Class A, 144A | |||||||
1.680% | 12/27/27 | 2,300 | 2,017,737 | ||||
Series 2021-02A, Class B, 144A | |||||||
2.120% | 12/27/27 | 200 | 175,289 | ||||
Hertz Vehicle Financing LLC, | |||||||
Series 2021-01A, Class C, 144A | |||||||
2.050% | 12/26/25 | 100 | 94,753 | ||||
Series 2022-02A, Class B, 144A | |||||||
2.650% | 06/26/28 | 400 | 349,966 | ||||
JPMorgan Chase Bank, NA, | |||||||
Series 2020-01, Class R, 144A | |||||||
33.784% | 01/25/28 | 727 | 840,214 | ||||
Series 2020-02, Class D, 144A | |||||||
1.487% | 02/25/28 | 70 | 69,114 | ||||
OneMain Direct Auto Receivables Trust, | |||||||
Series 2019-01A, Class A, 144A | |||||||
3.630% | 09/14/27 | 3,500 | 3,397,081 | ||||
Series 2019-01A, Class B, 144A | |||||||
3.950% | 11/14/28 | 800 | 757,008 | ||||
Series 2023-01A, Class C, 144A | |||||||
6.140% | 02/14/31 | 1,300 | 1,267,097 | ||||
Santander Bank Auto Credit-Linked Notes, | |||||||
Series 2022-A, Class C, 144A | |||||||
7.375% | 05/15/32 | 336 | 333,754 | ||||
Series 2022-C, Class E, 144A | |||||||
11.366% | 12/15/32 | 191 | 192,398 | ||||
Santander Drive Auto Receivables Trust, | |||||||
Series 2020-02, Class D | |||||||
2.220% | 09/15/26 | 225 | 221,371 | ||||
Series 2020-03, Class D | |||||||
1.640% | 11/16/26 | 1,078 | 1,054,125 | ||||
13,160,510 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Collateralized Debt Obligation — 0.1% | |||||||
Arbor Realty Commercial Real Estate Notes Ltd. (Cayman Islands), | |||||||
Series 2022-FL01, Class A, 144A, 30 Day Average SOFR + 1.450% (Cap N/A, Floor 1.450%) | |||||||
6.763%(c) | 01/15/37 | 990 | $981,303 | ||||
Collateralized Loan Obligations — 19.7% | |||||||
AlbaCore Euro CLO DAC (Ireland), | |||||||
Series 04A, Class B1, 144A, 3 Month EURIBOR + 2.600% (Cap N/A, Floor 2.600%) | |||||||
6.263%(c) | 07/15/35 | EUR | 5,500 | 5,768,028 | |||
Allegro CLO Ltd. (Cayman Islands), | |||||||
Series 2019-01A, Class AR, 144A, 3 Month SOFR + 1.412% (Cap N/A, Floor 1.150%) | |||||||
6.738%(c) | 07/20/32 | 3,750 | 3,722,722 | ||||
Anchorage Capital CLO Ltd. (Cayman Islands), | |||||||
Series 2023-26A, Class A1, 144A, 3 Month SOFR + 2.200% (Cap N/A, Floor 2.200%) | |||||||
7.320%(c) | 07/19/34 | 10,000 | 10,056,498 | ||||
Ares European CLO DAC (Ireland), | |||||||
Series 11A, Class A1R, 144A, 3 Month EURIBOR + 0.770% (Cap N/A, Floor 0.770%) | |||||||
4.433%(c) | 04/15/32 | EUR | 10,000 | 10,404,468 | |||
Atlas Static Senior Loan Fund Ltd. (Cayman Islands), | |||||||
Series 2022-01A, Class A, 144A, 3 Month SOFR + 2.600% (Cap N/A, Floor 2.600%) | |||||||
7.908%(c) | 07/15/30 | 4,187 | 4,208,027 | ||||
Bain Capital Credit CLO Ltd. (Cayman Islands), | |||||||
Series 2019-02A, Class AR, 144A, 3 Month LIBOR + 1.100% (Cap N/A, Floor 1.100%) | |||||||
6.670%(c) | 10/17/32 | 3,500 | 3,473,750 | ||||
Balboa Bay Loan Funding Ltd. (Cayman Islands), | |||||||
Series 2020-01A, Class AR, 144A, 3 Month SOFR + 1.382% (Cap N/A, Floor 1.120%) | |||||||
6.715%(c) | 01/20/32 | 4,500 | 4,490,024 | ||||
Battalion CLO Ltd. (Cayman Islands), | |||||||
Series 2016-10A, Class A1R2, 144A, 3 Month SOFR + 1.432% (Cap N/A, Floor 1.170%) | |||||||
6.777%(c) | 01/25/35 | 9,000 | 8,926,237 | ||||
Series 2018-12A, Class A1, 144A, 3 Month SOFR + 1.332% (Cap N/A, Floor 1.070%) | |||||||
6.708%(c) | 05/17/31 | 2,963 | 2,945,061 | ||||
Carlyle Euro CLO DAC (Ireland), | |||||||
Series 2021-02A, Class A1, 144A, 3 Month EURIBOR + 0.990% (Cap N/A, Floor 0.990%) | |||||||
4.653%(c) | 10/15/35 | EUR | 6,500 | 6,697,689 | |||
Series 2021-02A, Class A2B, 144A | |||||||
2.100% | 10/15/35 | EUR | 6,250 | 5,503,950 | |||
Carlyle Global Market Strategies Euro CLO Ltd. (Ireland), | |||||||
Series 2014-02A, Class AR1, 144A, 3 Month EURIBOR + 0.750% (Cap N/A, Floor 0.750%) | |||||||
4.531%(c) | 11/15/31 | EUR | 9,996 | 10,384,522 | |||
CIFC Funding Ltd. (Cayman Islands), | |||||||
Series 2013-03RA, Class A1, 144A, 3 Month SOFR + 1.242% (Cap N/A, Floor 0.980%) | |||||||
6.587%(c) | 04/24/31 | 1,500 | 1,494,000 |
A1
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Collateralized Loan Obligations (cont’d.) | |||||||
Series 2015-01A, Class ARR, 144A, 3 Month SOFR + 1.372% (Cap N/A, Floor 1.110%) | |||||||
6.717%(c) | 01/22/31 | 1,975 | $1,970,431 | ||||
Elevation CLO Ltd. (Cayman Islands), | |||||||
Series 2014-02A, Class A1R, 144A, 3 Month SOFR + 1.492% (Cap N/A, Floor 0.000%) | |||||||
6.800%(c) | 10/15/29 | 3,385 | 3,379,444 | ||||
Series 2017-06A, Class A1, 144A, 3 Month SOFR + 1.542% (Cap N/A, Floor 1.542%) | |||||||
6.850%(c) | 07/15/29 | 140 | 139,762 | ||||
Generate CLO Ltd. (Cayman Islands), | |||||||
Series 02A, Class AR, 144A, 3 Month SOFR + 1.412% (Cap N/A, Floor 1.150%) | |||||||
6.757%(c) | 01/22/31 | 1,964 | 1,960,127 | ||||
Greenwood Park CLO Ltd. (Cayman Islands), | |||||||
Series 2018-01A, Class A2, 144A, 3 Month SOFR + 1.272% (Cap N/A, Floor 0.000%) | |||||||
6.580%(c) | 04/15/31 | 6,000 | 5,978,483 | ||||
Greywolf CLO Ltd. (Cayman Islands), | |||||||
Series 2018-01A, Class A1, 144A, 3 Month SOFR + 1.290% (Cap N/A, Floor 0.000%) | |||||||
6.641%(c) | 04/26/31 | 3,500 | 3,484,229 | ||||
Series 2020-03RA, Class A1R, 144A, 3 Month SOFR + 1.550% (Cap N/A, Floor 1.290%) | |||||||
6.896%(c) | 04/15/33 | 5,000 | 4,953,085 | ||||
Hayfin Emerald CLO DAC (Ireland), | |||||||
Series 05A, Class A, 144A, 3 Month EURIBOR + 1.100% (Cap N/A, Floor 1.100%) | |||||||
4.887%(c) | 11/17/32 | EUR | 10,500 | 10,962,837 | |||
HPS Loan Management Ltd. (Cayman Islands), | |||||||
Series 2015-06A, Class A1R, 144A, 3 Month SOFR + 1.262% (Cap N/A, Floor 0.000%) | |||||||
6.631%(c) | 02/05/31 | 3,608 | 3,583,870 | ||||
ICG US CLO Ltd. (Cayman Islands), | |||||||
Series 2014-03A, Class A1RR, 144A, 3 Month SOFR + 1.292% (Cap N/A, Floor 0.000%) | |||||||
6.643%(c) | 04/25/31 | 2,211 | 2,202,095 | ||||
Jamestown CLO Ltd. (Cayman Islands), | |||||||
Series 2019-14A, Class A1AR, 144A, 3 Month SOFR + 1.462% (Cap N/A, Floor 1.200%) | |||||||
6.788%(c) | 10/20/34 | 6,625 | 6,518,171 | ||||
Series 2019-14A, Class A2R, 144A, 3 Month SOFR + 2.012% (Cap N/A, Floor 1.750%) | |||||||
7.338%(c) | 10/20/34 | 6,750 | 6,721,650 | ||||
Madison Park Funding Ltd. (Cayman Islands), | |||||||
Series 12A, Class AR, 144A, 3 Month SOFR + 1.092% (Cap N/A, Floor 0.000%) | |||||||
6.437%(c) | 04/22/27 | 4,461 | 4,452,412 | ||||
Series 2019-34A, Class AR, 144A, 3 Month SOFR + 1.382% (Cap N/A, Floor 1.120%) | |||||||
6.733%(c) | 04/25/32 | 2,000 | 1,994,273 | ||||
MidOcean Credit CLO (Cayman Islands), | |||||||
Series 2014-03A, Class A1R, 144A, 3 Month SOFR + 1.382% (Cap N/A, Floor 1.120%) | |||||||
6.715%(c) | 04/21/31 | 8,911 | 8,840,574 |
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 SOFR + 1.382% (Cap N/A, Floor 0.000%) | |||||||
6.690%(c) | 07/15/31 | 5,974 | $5,942,960 | ||||
OCP CLO Ltd. (Cayman Islands), | |||||||
Series 2020-18A, Class AR, 144A, 3 Month SOFR + 1.352% (Cap N/A, Floor 1.352%) | |||||||
6.678%(c) | 07/20/32 | 5,000 | 4,979,279 | ||||
OZLM Ltd. (Cayman Islands), | |||||||
Series 2015-11A, Class A1R, 144A, 3 Month SOFR + 1.512% (Cap N/A, Floor 0.000%) | |||||||
6.881%(c) | 10/30/30 | 823 | 821,528 | ||||
Park Avenue Institutional Advisers CLO Ltd. (Cayman Islands), | |||||||
Series 2019-02A, Class A1R, 144A, 3 Month SOFR + 1.442% (Cap N/A, Floor 1.180%) | |||||||
6.750%(c) | 10/15/34 | 7,000 | 6,933,924 | ||||
Rad CLO Ltd. (Cayman Islands), | |||||||
Series 2019-05A, Class AR, 144A, 3 Month SOFR + 1.382% (Cap N/A, Floor 1.120%) | |||||||
6.727%(c) | 07/24/32 | 9,650 | 9,579,532 | ||||
Series 2023-19A, Class A1, 144A, 3 Month SOFR + 2.000% (Cap N/A, Floor 2.000%) | |||||||
7.095%(c) | 04/20/35 | 10,800 | 10,855,099 | ||||
Romark WM-R Ltd. (Cayman Islands), | |||||||
Series 2018-01A, Class A1, 144A, 3 Month SOFR + 1.292% (Cap N/A, Floor 0.000%) | |||||||
6.618%(c) | 04/20/31 | 3,918 | 3,891,864 | ||||
Shackleton CLO Ltd. (Cayman Islands), | |||||||
Series 2014-05RA, Class A, 144A, 3 Month SOFR + 1.362% (Cap N/A, Floor 0.262%) | |||||||
6.731%(c) | 05/07/31 | 4,923 | 4,884,398 | ||||
Signal Peak CLO Ltd., | |||||||
Series 2018-05A, Class A, 144A, 3 Month SOFR + 1.372% (Cap N/A, Floor 1.110%) | |||||||
6.723%(c) | 04/25/31 | 1,659 | 1,654,887 | ||||
Sixth Street CLO Ltd. (Cayman Islands), | |||||||
Series 2020-16A, Class A1A, 144A, 3 Month SOFR + 1.582% (Cap N/A, Floor 1.320%) | |||||||
6.908%(c) | 10/20/32 | 12,500 | 12,487,583 | ||||
Sound Point CLO Ltd. (Cayman Islands), | |||||||
Series 2013-01A, Class A1R, 144A, 3 Month SOFR + 1.332% (Cap N/A, Floor 1.332%) | |||||||
6.682%(c) | 01/26/31 | 3,428 | 3,404,454 | ||||
TCW CLO Ltd. (Cayman Islands), | |||||||
Series 2017-01A, Class A1RR, 144A, 3 Month SOFR + 1.442% (Cap N/A, Floor 1.180%) | |||||||
6.811%(c) | 10/29/34 | 3,000 | 2,972,872 | ||||
Series 2017-01A, Class BRR, 144A, 3 Month SOFR + 1.962% (Cap N/A, Floor 1.700%) | |||||||
7.331%(c) | 10/29/34 | 4,000 | 3,910,400 | ||||
Telos CLO Ltd. (Cayman Islands), | |||||||
Series 2013-04A, Class AR, 144A, 3 Month SOFR + 1.502% (Cap N/A, Floor 0.000%) | |||||||
6.810%(c) | 01/17/30 | 2,305 | 2,293,033 |
A2
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Collateralized Loan Obligations (cont’d.) | |||||||
TICP CLO Ltd. (Cayman Islands), | |||||||
Series 2017-09A, Class A, 144A, 3 Month SOFR + 1.402% (Cap N/A, Floor 1.140%) | |||||||
6.728%(c) | 01/20/31 | 2,713 | $2,710,172 | ||||
Tikehau US CLO Ltd. (Bermuda), | |||||||
Series 2023-01A, Class A1, 144A, 3 Month SOFR + 2.200% (Cap N/A, Floor 2.200%) | |||||||
7.466%(c) | 07/15/34 | 8,750 | 8,794,979 | ||||
Toro European CLO DAC (Ireland), | |||||||
Series 03A, Class ARR, 144A, 3 Month EURIBOR + 0.990% (Cap N/A, Floor 0.990%) | |||||||
4.653%(c) | 07/15/34 | EUR | 8,000 | 8,274,836 | |||
Trinitas Euro CLO DAC (Ireland), | |||||||
Series 02A, Class CR, 144A, 3 Month EURIBOR + 3.750% (Cap N/A, Floor 3.750%) | |||||||
7.413%(c) | 04/15/35 | EUR | 4,500 | 4,747,164 | |||
Venture CLO Ltd. (Cayman Islands), | |||||||
Series 2018-32A, Class A1, 144A, 3 Month SOFR + 1.362% (Cap N/A, Floor 1.100%) | |||||||
6.672%(c) | 07/18/31 | 300 | 297,450 | ||||
Voya CLO Ltd. (Cayman Islands), | |||||||
Series 2013-02A, Class A1R, 144A, 3 Month SOFR + 1.232% (Cap N/A, Floor 0.970%) | |||||||
6.583%(c) | 04/25/31 | 2,862 | 2,855,089 | ||||
Wellfleet CLO Ltd. (Cayman Islands), | |||||||
Series 2018-02A, Class A1, 144A, 3 Month SOFR + 1.462% (Cap N/A, Floor 1.200%) | |||||||
6.788%(c) | 10/20/31 | 2,750 | 2,743,125 | ||||
Wellfleet CLO Ltd., | |||||||
Series 2017-03A, Class A1, 144A, 3 Month SOFR + 1.412% (Cap N/A, Floor 1.150%) | |||||||
6.720%(c) | 01/17/31 | 6,321 | 6,287,323 | ||||
Wind River CLO Ltd. (Cayman Islands), | |||||||
Series 2016-01KRA, Class A1R2, 144A, 3 Month SOFR + 1.472% (Cap N/A, Floor 1.210%) | |||||||
6.780%(c) | 10/15/34 | 1,750 | 1,734,000 | ||||
258,272,370 | |||||||
Consumer Loans — 0.8% | |||||||
Fairstone Financial Issuance Trust (Canada), | |||||||
Series 2020-01A, Class A, 144A | |||||||
2.509% | 10/20/39 | CAD | 400 | 283,683 | |||
Lending Funding Trust, | |||||||
Series 2020-02A, Class A, 144A | |||||||
2.320% | 04/21/31 | 300 | 267,626 | ||||
Lendmark Funding Trust, | |||||||
Series 2021-01A, Class B, 144A | |||||||
2.470% | 11/20/31 | 100 | 83,501 | ||||
Mariner Finance Issuance Trust, | |||||||
Series 2019-AA, Class A, 144A | |||||||
2.960% | 07/20/32 | 24 | 23,524 | ||||
Series 2020-AA, Class A, 144A | |||||||
2.190% | 08/21/34 | 443 | 430,485 | ||||
OneMain Financial Issuance Trust, | |||||||
Series 2020-01A, Class A, 144A | |||||||
3.840% | 05/14/32 | 59 | 59,084 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Consumer Loans (cont’d.) | |||||||
Series 2020-02A, Class A, 144A | |||||||
1.750% | 09/14/35 | 1,500 | $1,345,829 | ||||
Series 2023-01A, Class A, 144A | |||||||
5.500% | 06/14/38 | 5,500 | 5,370,743 | ||||
Series 2023-02A, Class C, 144A | |||||||
6.740% | 09/15/36 | 700 | 696,938 | ||||
Series 2023-02A, Class D, 144A | |||||||
7.520% | 09/15/36 | 800 | 796,459 | ||||
Oportun Funding XIII LLC, | |||||||
Series 2019-A, Class A, 144A | |||||||
3.080% | 08/08/25 | 411 | 407,910 | ||||
Regional Management Issuance Trust, | |||||||
Series 2022-01, Class A, 144A | |||||||
3.070% | 03/15/32 | 1,200 | 1,118,701 | ||||
10,884,483 | |||||||
Credit Cards — 0.1% | |||||||
Newday Funding Master Issuer PLC (United Kingdom), | |||||||
Series 2021-01A, Class A1, 144A, SONIA + 0.970% (Cap N/A, Floor 0.000%) | |||||||
6.166%(c) | 03/15/29 | GBP | 300 | 365,803 | |||
Series 2021-02A, Class A1, 144A, SONIA + 0.800% (Cap N/A, Floor 0.000%) | |||||||
5.996%(c) | 07/15/29 | GBP | 300 | 365,188 | |||
Newday Partnership Funding PLC (United Kingdom), | |||||||
Series 2020-01A, Class A3, 144A, SONIA + 1.400% (Cap N/A, Floor 0.000%) | |||||||
6.596%(c) | 11/15/28 | GBP | 925 | 1,129,009 | |||
1,860,000 | |||||||
Home Equity Loans — 0.1% | |||||||
Floating Rate Mortgage Pass-Through Certificates, | |||||||
Series 2001-02, Class M3, 1 Month SOFR + 3.039% (Cap N/A, Floor 2.925%) | |||||||
8.359%(c) | 10/25/31 | 144 | 138,260 | ||||
Merrill Lynch Mortgage Investors Trust, | |||||||
Series 2004-HE02, Class M1, 1 Month SOFR + 1.314% (Cap N/A, Floor 1.200%) | |||||||
6.634%(c) | 08/25/35 | 47 | 44,678 | ||||
Morgan Stanley ABS Capital I, Inc. Trust, | |||||||
Series 2003-HE03, Class M1, 1 Month SOFR + 1.134% (Cap N/A, Floor 1.020%) | |||||||
6.454%(c) | 10/25/33 | 54 | 53,259 | ||||
Towd Point HE Trust, | |||||||
Series 2023-01, Class A1A, 144A | |||||||
6.875% | 02/25/63 | 411 | 409,720 | ||||
645,917 | |||||||
Other — 0.1% | |||||||
Goodleap Sustainable Home Solutions Trust, | |||||||
Series 2023-03C, Class A, 144A | |||||||
6.500% | 07/20/55 | 490 | 482,291 |
A3
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Other (cont’d.) | |||||||
TH MSR Issuer Trust, | |||||||
Series 2019-FT01, Class A, 144A, 1 Month SOFR + 2.914% (Cap N/A, Floor 2.800%) | |||||||
8.234%(c) | 06/25/24 | 1,150 | $1,118,232 | ||||
1,600,523 | |||||||
Residential Mortgage-Backed Securities — 0.3% | |||||||
Argent Securities, Inc., Asset-Backed Pass-Through Certificates, | |||||||
Series 2004-W10, Class A2, 1 Month SOFR + 0.894% (Cap N/A, Floor 0.780%) | |||||||
3.666%(c) | 10/25/34 | 398 | 374,122 | ||||
LSF11 Boson Investments Sarl Compartment 2 (Spain), | |||||||
Series 2021-NPLA, Class A1, 144A, 3 Month EURIBOR + 2.000% (Cap 3.000%, Floor 0.000%) | |||||||
5.826%(c) | 11/25/60 | EUR | 722 | 726,708 | |||
Rathlin Residential DAC (Ireland), | |||||||
Series 2021-01A, Class A, 144A, 1 Month EURIBOR + 2.000% (Cap N/A, Floor 0.000%) | |||||||
5.865%(c) | 09/27/75 | EUR | 1,022 | 1,061,542 | |||
TFS (Spain), | |||||||
Series 2018-03 | |||||||
0.000%(s) | 04/16/40^ | EUR | —(r) | 1 | |||
Series 2018-03, Class A1, 1 Month EURIBOR + 3.000% | |||||||
6.925%(c) | 03/15/26^ | EUR | 1,597 | 1,435,278 | |||
3,597,651 | |||||||
Student Loans — 0.2% | |||||||
Laurel Road Prime Student Loan Trust, | |||||||
Series 2018-A, Class A, 144A | |||||||
0.000% | 02/25/43 | 2,980 | 611,489 | ||||
Series 2018-C, Class A, 144A | |||||||
0.000%(cc) | 08/25/43 | 670 | 617,639 | ||||
Series 2018-D, Class A, 144A | |||||||
0.000%(cc) | 11/25/43 | 683 | 633,054 | ||||
Series 2019-A, Class R, 144A | |||||||
0.000% | 10/25/48 | 1,188 | 225,665 | ||||
Navient Private Education Refi Loan Trust, | |||||||
Series 2020-DA, Class A, 144A | |||||||
1.690% | 05/15/69 | 27 | 24,502 | ||||
SoFi RR Funding III Trust, | |||||||
Series 2020-01, Class A, 144A, 1 Month SOFR + 2.364% (Cap N/A, Floor 1.250%) | |||||||
7.684%(c) | 11/29/24 | 1,066 | 1,065,758 | ||||
3,178,107 | |||||||
Total Asset-Backed Securities (cost $305,146,749) | 294,180,864 | ||||||
Commercial Mortgage-Backed Securities —12.9% | |||||||
BANK, | |||||||
Series 2017-BNK04, Class A3 | |||||||
3.362% | 05/15/50 | 9,151 | 8,448,421 | ||||
Series 2017-BNK05, Class A4 | |||||||
3.131% | 06/15/60 | 4,400 | 4,004,396 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Commercial Mortgage-Backed Securities (continued) | |||||||
Series 2017-BNK06, Class A4 | |||||||
3.254% | 07/15/60 | 920 | $843,096 | ||||
Series 2017-BNK08, Class A3 | |||||||
3.229% | 11/15/50 | 1,333 | 1,205,854 | ||||
Series 2019-BN18, Class A3 | |||||||
3.325% | 05/15/62 | 1,500 | 1,310,373 | ||||
Series 2020-BN29, Class A3 | |||||||
1.742% | 11/15/53 | 1,000 | 738,638 | ||||
Bank of America Merrill Lynch Commercial Mortgage Trust, | |||||||
Series 2016-UB10, Class A3 | |||||||
2.903% | 07/15/49 | 927 | 857,515 | ||||
Barclays Commercial Mortgage Securities Trust, | |||||||
Series 2016-ETC, Class A, 144A | |||||||
2.937% | 08/14/36 | 1,170 | 1,010,721 | ||||
Series 2016-ETC, Class B, 144A | |||||||
3.189% | 08/14/36 | 510 | 427,269 | ||||
Series 2016-ETC, Class C, 144A | |||||||
3.391% | 08/14/36 | 430 | 349,030 | ||||
Series 2016-ETC, Class D, 144A | |||||||
3.729%(cc) | 08/14/36 | 1,560 | 1,211,332 | ||||
Benchmark Mortgage Trust, | |||||||
Series 2019-B09, Class A4 | |||||||
3.751% | 03/15/52 | 3,400 | 3,054,253 | ||||
Series 2020-B18, Class A4 | |||||||
1.672% | 07/15/53 | 2,900 | 2,210,151 | ||||
Series 2020-B21, Class A4 | |||||||
1.704% | 12/17/53 | 1,000 | 769,776 | ||||
Series 2020-IG01, Class A3 | |||||||
2.687% | 09/15/43 | 5,000 | 3,840,257 | ||||
Series 2023-V02, Class A3 | |||||||
5.812%(cc) | 05/15/55 | 7,000 | 6,902,967 | ||||
Series 2023-V03, Class A3 | |||||||
6.363%(cc) | 07/15/56 | 6,000 | 6,064,280 | ||||
BPR Trust, | |||||||
Series 2023-BRK2, Class A, 144A | |||||||
7.146%(cc) | 11/05/28 | 2,300 | 2,299,884 | ||||
BX Commercial Mortgage Trust, | |||||||
Series 2019-XL, Class F, 144A, 1 Month SOFR + 2.114% (Cap N/A, Floor 2.000%) | |||||||
7.447%(c) | 10/15/36 | 2,125 | 2,102,134 | ||||
Series 2019-XL, Class G, 144A, 1 Month SOFR + 2.414% (Cap N/A, Floor 2.300%) | |||||||
7.747%(c) | 10/15/36 | 1,360 | 1,337,620 | ||||
Series 2019-XL, Class J, 144A, 1 Month SOFR + 2.764% (Cap N/A, Floor 2.650%) | |||||||
8.097%(c) | 10/15/36 | 2,975 | 2,914,192 | ||||
Series 2021-ACNT, Class E, 144A, 1 Month SOFR + 2.311% (Cap N/A, Floor 2.197%) | |||||||
7.643%(c) | 11/15/38 | 3,350 | 3,240,712 | ||||
BX Trust, | |||||||
Series 2022-LBA06, Class E, 144A, 1 Month SOFR + 2.700% (Cap N/A, Floor 2.700%) | |||||||
8.032%(c) | 01/15/39 | 5,000 | 4,767,937 | ||||
Cantor Commercial Real Estate Lending, | |||||||
Series 2019-CF02, Class A3 | |||||||
2.647% | 11/15/52 | 7,700 | 7,168,116 |
A4
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Commercial Mortgage-Backed Securities (continued) | |||||||
CD Mortgage Trust, | |||||||
Series 2017-CD05, Class A3 | |||||||
3.171% | 08/15/50 | 3,500 | $3,176,295 | ||||
CENT Trust, | |||||||
Series 2023-CITY, Class A, 144A, 1 Month SOFR + 2.620% (Cap N/A, Floor 2.620%) | |||||||
7.952%(c) | 09/15/28 | 2,750 | 2,748,811 | ||||
CFK Trust, | |||||||
Series 2020-MF02, Class A, 144A | |||||||
2.387% | 03/15/39 | 6,550 | 5,652,345 | ||||
CityLine Commercial Mortgage Trust, | |||||||
Series 2016-CLNE, Class B, 144A | |||||||
2.871%(cc) | 11/10/31 | 2,400 | 2,160,000 | ||||
Series 2016-CLNE, Class C, 144A | |||||||
2.871%(cc) | 11/10/31 | 900 | 792,000 | ||||
Cold Storage Trust, | |||||||
Series 2020-ICE05, Class E, 144A, 1 Month SOFR + 2.880% (Cap N/A, Floor 2.766%) | |||||||
8.212%(c) | 11/15/37 | 1,327 | 1,315,357 | ||||
Commercial Mortgage Trust, | |||||||
Series 2014-UBS04, Class A4 | |||||||
3.420% | 08/10/47 | 3,200 | 3,123,818 | ||||
Series 2016-COR01, Class A3 | |||||||
2.826% | 10/10/49 | 2,474 | 2,264,400 | ||||
Series 2017-COR02, Class A2 | |||||||
3.239% | 09/10/50 | 3,829 | 3,516,001 | ||||
Credit Suisse Mortgage Capital Certificates, | |||||||
Series 2019-ICE04, Class E, 144A, 1 Month SOFR + 2.197% (Cap N/A, Floor 2.150%) | |||||||
7.530%(c) | 05/15/36 | 2,594 | 2,575,400 | ||||
CSAIL Commercial Mortgage Trust, | |||||||
Series 2019-C16, Class A2 | |||||||
3.067% | 06/15/52 | 1,200 | 1,042,821 | ||||
DBGS Mortgage Trust, | |||||||
Series 2018-BIOD, Class G, 144A, 1 Month SOFR + 2.796% (Cap N/A, Floor 2.500%) | |||||||
8.128%(c) | 05/15/35 | 2,990 | 2,878,268 | ||||
DBWF Mortgage Trust, | |||||||
Series 2016-85T, Class D, 144A | |||||||
3.935%(cc) | 12/10/36 | 1,400 | 980,283 | ||||
Deutsche Bank Commercial Mortgage Trust, | |||||||
Series 2017-C06, Class A4 | |||||||
3.071% | 06/10/50 | 4,857 | 4,459,525 | ||||
Eleven Madison Mortgage Trust, | |||||||
Series 2015-11MD, Class C, 144A | |||||||
3.673%(cc) | 09/10/35 | 3,000 | 2,305,135 | ||||
FHLMC Multifamily Structured Pass-Through Certificates, | |||||||
Series K044, Class X1, IO | |||||||
0.866%(cc) | 01/25/25 | 61,148 | 482,325 | ||||
Series K053, Class X1, IO | |||||||
1.009%(cc) | 12/25/25 | 84,054 | 1,333,970 | ||||
Series K055, Class X1, IO | |||||||
1.473%(cc) | 03/25/26 | 12,666 | 358,328 | ||||
Series KG03, Class X1, IO | |||||||
1.479%(cc) | 06/25/30 | 29,146 | 1,962,870 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Commercial Mortgage-Backed Securities (continued) | |||||||
GS Mortgage Securities Trust, | |||||||
Series 2015-GC30, Class A3 | |||||||
3.119% | 05/10/50 | 2,849 | $2,730,752 | ||||
Series 2017-GS06, Class A2 | |||||||
3.164% | 05/10/50 | 3,239 | 2,968,521 | ||||
Series 2019-GC38, Class A3 | |||||||
3.703% | 02/10/52 | 5,800 | 5,171,608 | ||||
IMT Trust, | |||||||
Series 2017-APTS, Class AFX, 144A | |||||||
3.478% | 06/15/34 | 310 | 301,780 | ||||
JPMDB Commercial Mortgage Securities Trust, | |||||||
Series 2016-C02, Class A3A | |||||||
2.881% | 06/15/49 | 1,035 | 968,323 | ||||
Series 2017-C05, Class A4 | |||||||
3.414% | 03/15/50 | 1,423 | 1,321,277 | ||||
Series 2017-C07, Class A4 | |||||||
3.147% | 10/15/50 | 3,600 | 3,245,109 | ||||
JPMorgan Chase Commercial Mortgage Securities Trust, | |||||||
Series 2016-JP02, Class A3 | |||||||
2.559% | 08/15/49 | 1,267 | 1,167,093 | ||||
Series 2018-AON, Class E, 144A | |||||||
4.767%(cc) | 07/05/31 | 5,875 | 2,014,088 | ||||
Series 2018-WPT, Class AFX, 144A | |||||||
4.248% | 07/05/33 | 5,000 | 4,475,000 | ||||
Morgan Stanley Capital I Trust, | |||||||
Series 2017-H01, Class A4 | |||||||
3.259% | 06/15/50 | 2,750 | 2,506,925 | ||||
Series 2017-HR02, Class A3 | |||||||
3.330% | 12/15/50 | 5,451 | 4,921,922 | ||||
Series 2019-L03, Class A3 | |||||||
2.874% | 11/15/52 | 1,200 | 1,001,415 | ||||
Series 2019-MEAD, Class E, 144A | |||||||
3.283%(cc) | 11/10/36 | 575 | 450,188 | ||||
MSWF Commercial Mortgage Trust, | |||||||
Series 2023-01, Class A2 | |||||||
6.451% | 05/15/56 | 4,000 | 3,987,259 | ||||
Shops at Crystals Trust, | |||||||
Series 2016-CSTL, Class A, 144A | |||||||
3.126% | 07/05/36 | 140 | 126,476 | ||||
UBS Commercial Mortgage Trust, | |||||||
Series 2017-C02, Class A3 | |||||||
3.225% | 08/15/50 | 1,887 | 1,733,712 | ||||
Series 2017-C07, Class A3 | |||||||
3.418% | 12/15/50 | 5,157 | 4,759,694 | ||||
Series 2018-C10, Class A3 | |||||||
4.048% | 05/15/51 | 2,200 | 2,007,207 | ||||
Series 2019-C17, Class A3 | |||||||
2.669% | 10/15/52 | 2,000 | 1,669,664 | ||||
Wells Fargo Commercial Mortgage Trust, | |||||||
Series 2014-LC16, Class A4 | |||||||
3.548% | 08/15/50 | 1,775 | 1,755,969 | ||||
Series 2016-C32, Class A3 | |||||||
3.294% | 01/15/59 | 1,977 | 1,871,738 | ||||
Series 2016-C34, Class A3 | |||||||
2.834% | 06/15/49 | 2,500 | 2,350,454 |
A5
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Commercial Mortgage-Backed Securities (continued) | |||||||
Series 2016-C35, Class A3 | |||||||
2.674% | 07/15/48 | 4,067 | $3,757,906 | ||||
Series 2017-C40, Class A3 | |||||||
3.317% | 10/15/50 | 1,370 | 1,248,997 | ||||
Series 2019-C54, Class A3 | |||||||
2.892% | 12/15/52 | 1,200 | 1,006,546 | ||||
Total Commercial Mortgage-Backed Securities (cost $187,850,764) | 169,726,499 | ||||||
Convertible Bond — 0.0% | |||||||
Telecommunications | |||||||
Digicel Group Holdings Ltd. (Jamaica), | |||||||
Sub. Notes, 144A, Cash coupon 7.000% (original cost $13,725; purchased 03/21/23 - 04/03/23)(f) | |||||||
7.000% | 10/16/23(d)(oo) | 93 | 4,937 | ||||
(cost $13,725) | |||||||
Corporate Bonds — 34.4% | |||||||
Aerospace & Defense — 0.7% | |||||||
BAE Systems PLC (United Kingdom), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
1.900% | 02/15/31 | 2,770 | 2,135,212 | ||||
3.400% | 04/15/30 | 385 | 335,126 | ||||
Boeing Co. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
1.950% | 02/01/24 | 20 | 19,720 | ||||
2.196% | 02/04/26 | 180 | 165,361 | ||||
2.750% | 02/01/26 | 90 | 84,001 | ||||
2.850% | 10/30/24 | 30 | 28,980 | ||||
2.950% | 02/01/30 | 30 | 25,266 | ||||
3.900% | 05/01/49 | 50 | 34,778 | ||||
3.950% | 08/01/59 | 1,450 | 951,220 | ||||
5.930% | 05/01/60 | 2,048 | 1,842,496 | ||||
6.875% | 03/15/39 | 20 | 21,031 | ||||
7.950% | 08/15/24 | 50 | 50,690 | ||||
Bombardier, Inc. (Canada), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
7.500% | 03/15/25 | 571 | 569,572 | ||||
7.500% | 02/01/29(a) | 200 | 189,500 | ||||
7.875% | 04/15/27(a) | 2,575 | 2,504,548 | ||||
General Dynamics Corp., | |||||||
Gtd. Notes | |||||||
1.150% | 06/01/26 | 20 | 17,924 | ||||
3.250% | 04/01/25 | 10 | 9,659 | ||||
3.500% | 04/01/27 | 30 | 28,257 | ||||
4.250% | 04/01/40 | 5 | 4,234 | ||||
L3Harris Technologies, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.900% | 12/15/29 | 40 | 34,043 | ||||
4.400% | 06/15/28 | 37 | 35,030 | ||||
4.400% | 06/15/28 | 15 | 14,191 | ||||
Lockheed Martin Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
2.800% | 06/15/50 | 10 | 6,234 | ||||
4.500% | 05/15/36 | 30 | 27,322 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Aerospace & Defense (cont’d.) | |||||||
RTX Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
3.500% | 03/15/27 | 5 | $4,651 | ||||
9,139,046 | |||||||
Agriculture — 0.7% | |||||||
Altria Group, Inc., | |||||||
Gtd. Notes | |||||||
2.625% | 09/16/26 | 35 | 32,265 | ||||
3.400% | 02/04/41 | 50 | 32,383 | ||||
3.700% | 02/04/51 | 100 | 61,786 | ||||
3.875% | 09/16/46 | 10 | 6,495 | ||||
4.000% | 02/04/61 | 5 | 3,176 | ||||
4.400% | 02/14/26 | 43 | 41,745 | ||||
5.950% | 02/14/49 | 30 | 26,820 | ||||
BAT Capital Corp. (United Kingdom), | |||||||
Gtd. Notes | |||||||
2.259% | 03/25/28 | 1,570 | 1,325,933 | ||||
2.726% | 03/25/31 | 10 | 7,697 | ||||
3.462% | 09/06/29 | 10 | 8,567 | ||||
3.557% | 08/15/27 | 422 | 385,763 | ||||
4.540% | 08/15/47 | 20 | 13,759 | ||||
6.343% | 08/02/30 | 960 | 944,838 | ||||
BAT International Finance PLC (United Kingdom), | |||||||
Gtd. Notes | |||||||
5.931% | 02/02/29 | 311 | 305,210 | ||||
Cargill, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
0.750% | 02/02/26 | 40 | 35,908 | ||||
Philip Morris International, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.875% | 02/13/26 | 25 | 24,576 | ||||
5.000% | 11/17/25 | 10 | 9,879 | ||||
5.125% | 02/15/30 | 6,085 | 5,836,567 | ||||
Reynolds American, Inc. (United Kingdom), | |||||||
Gtd. Notes | |||||||
4.450% | 06/12/25(a) | 13 | 12,630 | ||||
9,115,997 | |||||||
Airlines — 0.4% | |||||||
Air Canada (Canada), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.875% | 08/15/26 | 50 | 45,250 | ||||
American Airlines 2016-1 Class AA Pass-Through Trust, | |||||||
Pass-Through Certificates | |||||||
3.575% | 07/15/29 | 1,290 | 1,183,511 | ||||
American Airlines 2017-2 Class AA Pass-Through Trust, | |||||||
Pass-Through Certificates | |||||||
3.350% | 04/15/31 | 36 | 32,471 | ||||
Delta Air Lines, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.750% | 10/28/29(a) | 10 | 8,589 | ||||
Delta Air Lines, Inc./SkyMiles IP Ltd., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.500% | 10/20/25 | 13 | 12,626 | ||||
4.750% | 10/20/28 | 75 | 71,109 |
A6
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Airlines (cont’d.) | |||||||
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.500% | 06/20/27 | 23 | $22,332 | ||||
Southwest Airlines Co., | |||||||
Sr. Unsec’d. Notes | |||||||
5.125% | 06/15/27 | 3,355 | 3,269,577 | ||||
United Airlines 2019-1 Class AA Pass-Through Trust, | |||||||
Pass-Through Certificates | |||||||
4.150% | 02/25/33 | 40 | 36,231 | ||||
United Airlines 2019-2 Class AA Pass-Through Trust, | |||||||
Pass-Through Certificates | |||||||
2.700% | 11/01/33 | 52 | 42,437 | ||||
United Airlines 2020-1 Class A Pass-Through Trust, | |||||||
Pass-Through Certificates | |||||||
5.875% | 04/15/29 | 89 | 87,931 | ||||
United Airlines 2020-1 Class B Pass-Through Trust, | |||||||
Pass-Through Certificates | |||||||
4.875% | 07/15/27 | 16 | 15,647 | ||||
United Airlines, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.375% | 04/15/26 | 825 | 763,416 | ||||
4.625% | 04/15/29 | 195 | 167,764 | ||||
5,758,891 | |||||||
Apparel — 0.1% | |||||||
Hanesbrands, Inc., | |||||||
Gtd. Notes, 144A | |||||||
4.875% | 05/15/26(a) | 600 | 551,149 | ||||
Wolverine World Wide, Inc., | |||||||
Gtd. Notes, 144A | |||||||
4.000% | 08/15/29(a) | 675 | 500,259 | ||||
1,051,408 | |||||||
Auto Manufacturers — 0.6% | |||||||
BMW US Capital LLC (Germany), | |||||||
Gtd. Notes, 144A | |||||||
0.800% | 04/01/24 | 40 | 38,996 | ||||
Ford Motor Co., | |||||||
Sr. Unsec’d. Notes | |||||||
3.250% | 02/12/32 | 10 | 7,691 | ||||
4.750% | 01/15/43 | 1,125 | 820,794 | ||||
5.291% | 12/08/46 | 290 | 220,402 | ||||
Ford Motor Credit Co. LLC, | |||||||
Sr. Unsec’d. Notes | |||||||
2.900% | 02/16/28 | 275 | 233,720 | ||||
3.375% | 11/13/25 | 725 | 672,488 | ||||
6.950% | 03/06/26 | 400 | 399,004 | ||||
General Motors Co., | |||||||
Sr. Unsec’d. Notes | |||||||
4.000% | 04/01/25 | 17 | 16,445 | ||||
5.000% | 04/01/35 | 1,365 | 1,170,341 | ||||
5.150% | 04/01/38 | 1,000 | 832,898 | ||||
5.200% | 04/01/45 | 1,560 | 1,214,353 | ||||
6.125% | 10/01/25 | 40 | 39,920 | ||||
6.600% | 04/01/36 | 285 | 276,681 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Auto Manufacturers (cont’d.) | |||||||
General Motors Financial Co., Inc., | |||||||
Gtd. Notes | |||||||
4.300% | 07/13/25 | 70 | $67,545 | ||||
Jr. Sub. Notes, Series C | |||||||
5.700%(ff) | 09/30/30(oo) | 5 | 4,302 | ||||
Sr. Unsec’d. Notes | |||||||
2.350% | 01/08/31 | 20 | 15,089 | ||||
2.400% | 04/10/28 | 1,065 | 905,872 | ||||
2.700% | 08/20/27 | 38 | 33,324 | ||||
2.700% | 06/10/31 | 25 | 19,134 | ||||
3.100% | 01/12/32 | 20 | 15,476 | ||||
5.100% | 01/17/24 | 45 | 44,864 | ||||
Hyundai Capital America, | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
1.000% | 09/17/24 | 30 | 28,582 | ||||
1.800% | 10/15/25 | 40 | 36,776 | ||||
2.375% | 10/15/27 | 15 | 12,996 | ||||
2.650% | 02/10/25 | 15 | 14,336 | ||||
3.400% | 06/20/24 | 40 | 39,227 | ||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
0.800% | 01/08/24 | 60 | 59,126 | ||||
1.800% | 01/10/28 | 15 | 12,560 | ||||
Mercedes-Benz Finance North America LLC (Germany), | |||||||
Gtd. Notes, 144A | |||||||
1.450% | 03/02/26 | 150 | 136,086 | ||||
Nissan Motor Acceptance Co. LLC, | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
1.050% | 03/08/24 | 90 | 87,838 | ||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
1.850% | 09/16/26 | 54 | 46,972 | ||||
Toyota Motor Credit Corp., | |||||||
Sr. Unsec’d. Notes, MTN | |||||||
1.150% | 08/13/27 | 25 | 21,400 | ||||
1.900% | 04/06/28 | 50 | 43,388 | ||||
2.150% | 02/13/30 | 10 | 8,252 | ||||
Sr. Unsec’d. Notes, MTN, SOFR Index + 0.330% | |||||||
5.613%(c) | 01/11/24 | 100 | 99,960 | ||||
7,696,838 | |||||||
Auto Parts & Equipment — 0.1% | |||||||
American Axle & Manufacturing, Inc., | |||||||
Gtd. Notes | |||||||
6.500% | 04/01/27(a) | 645 | 612,355 | ||||
Aptiv PLC/Aptiv Corp., | |||||||
Gtd. Notes | |||||||
4.150% | 05/01/52 | 20 | 13,895 | ||||
Dana Financing Luxembourg Sarl, | |||||||
Gtd. Notes, 144A | |||||||
5.750% | 04/15/25 | 437 | 426,609 | ||||
Dana, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
5.375% | 11/15/27(a) | 350 | 324,946 | ||||
Tenneco, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
8.000% | 11/17/28 | 725 | 589,623 | ||||
1,967,428 |
A7
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Banks — 8.9% | |||||||
Banco Santander SA (Spain), | |||||||
Sr. Unsec’d. Notes | |||||||
1.849% | 03/25/26 | 600 | $539,116 | ||||
Sub. Notes | |||||||
2.749% | 12/03/30 | 1,000 | 749,270 | ||||
Bank Gospodarstwa Krajowego (Poland), | |||||||
Gov’t. Gtd. Notes, 144A, MTN | |||||||
5.375% | 05/22/33 | 1,360 | 1,278,400 | ||||
Bank of America Corp., | |||||||
Jr. Sub. Notes, Series JJ | |||||||
5.125%(ff) | 06/20/24(oo) | 1,655 | 1,609,007 | ||||
Sr. Unsec’d. Notes | |||||||
1.734%(ff) | 07/22/27 | 45 | 39,877 | ||||
2.299%(ff) | 07/21/32 | 20 | 15,146 | ||||
2.572%(ff) | 10/20/32 | 10 | 7,678 | ||||
2.687%(ff) | 04/22/32 | 2,565 | 2,011,219 | ||||
3.419%(ff) | 12/20/28 | 10 | 8,968 | ||||
5.288%(ff) | 04/25/34 | 2,295 | 2,135,217 | ||||
Sr. Unsec’d. Notes, GMTN | |||||||
3.593%(ff) | 07/21/28 | 740 | 675,548 | ||||
Sr. Unsec’d. Notes, MTN | |||||||
1.898%(ff) | 07/23/31 | 50 | 37,970 | ||||
1.922%(ff) | 10/24/31 | 20 | 15,086 | ||||
2.496%(ff) | 02/13/31 | 92 | 73,757 | ||||
2.676%(ff) | 06/19/41 | 20 | 12,805 | ||||
3.093%(ff) | 10/01/25 | 50 | 48,355 | ||||
3.824%(ff) | 01/20/28 | 3,410 | 3,164,888 | ||||
3.974%(ff) | 02/07/30 | 685 | 614,804 | ||||
4.078%(ff) | 04/23/40 | 2,340 | 1,847,626 | ||||
4.271%(ff) | 07/23/29 | 945 | 870,498 | ||||
Sr. Unsec’d. Notes, Series N | |||||||
2.651%(ff) | 03/11/32 | 5,020 | 3,942,641 | ||||
Sub. Notes | |||||||
2.482%(ff) | 09/21/36 | 10 | 7,309 | ||||
Sub. Notes, MTN | |||||||
4.000% | 01/22/25 | 1,122 | 1,091,649 | ||||
Sub. Notes, Series L, MTN | |||||||
3.950% | 04/21/25 | 90 | 86,887 | ||||
4.183% | 11/25/27 | 50 | 46,458 | ||||
Bank of New York Mellon Corp. (The), | |||||||
Jr. Sub. Notes, Series H | |||||||
3.700%(ff) | 03/20/26(oo) | 15 | 13,490 | ||||
Barclays PLC (United Kingdom), | |||||||
Sr. Unsec’d. Notes | |||||||
3.650% | 03/16/25 | 700 | 673,748 | ||||
3.932%(ff) | 05/07/25 | 480 | 472,720 | ||||
5.829%(ff) | 05/09/27 | 3,840 | 3,773,422 | ||||
Sr. Unsec’d. Notes, MTN | |||||||
4.972%(ff) | 05/16/29 | 475 | 444,261 | ||||
BNP Paribas SA (France), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
1.323%(ff) | 01/13/27 | 710 | 635,496 | ||||
1.904%(ff) | 09/30/28 | 2,200 | 1,861,166 | ||||
2.871%(ff) | 04/19/32 | 1,815 | 1,426,509 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Banks (cont’d.) | |||||||
BPCE SA (France), | |||||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
3.500% | 10/23/27 | 300 | $270,339 | ||||
Sub. Notes, 144A, MTN | |||||||
4.500% | 03/15/25 | 1,120 | 1,079,906 | ||||
4.875% | 04/01/26(a) | 380 | 364,126 | ||||
Cassa Depositi e Prestiti SpA (Italy), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.750% | 05/05/26 | 600 | 588,670 | ||||
Citigroup, Inc., | |||||||
Jr. Sub. Notes | |||||||
3.875%(ff) | 02/18/26(oo) | 1,880 | 1,610,572 | ||||
Jr. Sub. Notes, Series V | |||||||
4.700%(ff) | 01/30/25(oo) | 1,445 | 1,310,107 | ||||
Jr. Sub. Notes, Series W | |||||||
4.000%(ff) | 12/10/25(oo) | 890 | 779,374 | ||||
Jr. Sub. Notes, Series Y | |||||||
4.150%(ff) | 11/15/26(oo) | 25 | 19,966 | ||||
Sr. Unsec’d. Notes | |||||||
2.520%(ff) | 11/03/32 | 10 | 7,595 | ||||
2.561%(ff) | 05/01/32 | 875 | 676,210 | ||||
2.572%(ff) | 06/03/31 | 70 | 55,799 | ||||
2.666%(ff) | 01/29/31 | 1,225 | 993,062 | ||||
2.976%(ff) | 11/05/30 | 20 | 16,704 | ||||
3.200% | 10/21/26 | 3,255 | 3,005,671 | ||||
3.668%(ff) | 07/24/28 | 30 | 27,499 | ||||
3.785%(ff) | 03/17/33 | 1,160 | 966,090 | ||||
3.887%(ff) | 01/10/28 | 1,725 | 1,607,946 | ||||
4.075%(ff) | 04/23/29 | 40 | 36,788 | ||||
Sub. Notes | |||||||
4.300% | 11/20/26 | 110 | 104,187 | ||||
4.450% | 09/29/27 | 2,735 | 2,566,037 | ||||
Deutsche Bank AG (Germany), | |||||||
Sr. Unsec’d. Notes, EMTN | |||||||
1.750%(ff) | 11/19/30 | EUR | 100 | 83,844 | |||
Sr. Unsec’d. Notes, MTN | |||||||
3.700% | 05/30/24 | 159 | 156,052 | ||||
Sub. Notes | |||||||
3.742%(ff) | 01/07/33 | 2,415 | 1,730,913 | ||||
Discover Bank, | |||||||
Sr. Unsec’d. Notes | |||||||
3.450% | 07/27/26 | 280 | 254,026 | ||||
4.250% | 03/13/26 | 1,150 | 1,087,433 | ||||
Freedom Mortgage Corp., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
12.000% | 10/01/28 | 200 | 203,002 | ||||
Goldman Sachs Group, Inc. (The), | |||||||
Jr. Sub. Notes, Series U | |||||||
3.650%(ff) | 08/10/26(oo) | 950 | 764,629 | ||||
Sr. Unsec’d. Notes | |||||||
1.948%(ff) | 10/21/27 | 50 | 44,138 | ||||
1.992%(ff) | 01/27/32 | 20 | 14,982 | ||||
2.383%(ff) | 07/21/32 | 1,480 | 1,126,646 | ||||
2.600% | 02/07/30 | 35 | 28,639 | ||||
2.615%(ff) | 04/22/32 | 4,715 | 3,680,263 | ||||
2.650%(ff) | 10/21/32 | 10 | 7,729 |
A8
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Banks (cont’d.) | |||||||
2.908%(ff) | 07/21/42 | 25 | $16,133 | ||||
3.272%(ff) | 09/29/25 | 4,063 | 3,936,094 | ||||
3.436%(ff) | 02/24/43(a) | 35 | 24,140 | ||||
3.500% | 01/23/25 | 20 | 19,350 | ||||
3.691%(ff) | 06/05/28 | 50 | 46,037 | ||||
3.750% | 02/25/26 | 125 | 118,830 | ||||
3.814%(ff) | 04/23/29 | 1,080 | 980,751 | ||||
3.850% | 01/26/27 | 1,765 | 1,655,199 | ||||
Sr. Unsec’d. Notes, GMTN, 3 Month SOFR + 2.012% | |||||||
7.377%(c) | 10/28/27 | 21 | 21,422 | ||||
Sr. Unsec’d. Notes, Series VAR | |||||||
1.093%(ff) | 12/09/26 | 85 | 76,005 | ||||
Sub. Notes | |||||||
5.150% | 05/22/45 | 20 | 17,149 | ||||
Huntington Bancshares, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
6.208%(ff) | 08/21/29 | 545 | 533,599 | ||||
JPMorgan Chase & Co., | |||||||
Jr. Sub. Notes, Series FF | |||||||
5.000%(ff) | 08/01/24(oo) | 1,025 | 993,561 | ||||
Jr. Sub. Notes, Series HH | |||||||
4.600%(ff) | 02/01/25(oo) | 1,940 | 1,816,900 | ||||
Jr. Sub. Notes, Series II | |||||||
4.000%(ff) | 04/01/25(a)(oo) | 1,350 | 1,231,433 | ||||
Jr. Sub. Notes, Series KK | |||||||
3.650%(ff) | 06/01/26(a)(oo) | 1,860 | 1,625,976 | ||||
Sr. Unsec’d. Notes | |||||||
0.563%(ff) | 02/16/25 | 20 | 19,542 | ||||
1.045%(ff) | 11/19/26 | 20 | 17,975 | ||||
1.578%(ff) | 04/22/27 | 785 | 700,206 | ||||
1.953%(ff) | 02/04/32 | 130 | 98,480 | ||||
2.069%(ff) | 06/01/29 | 50 | 42,113 | ||||
2.301%(ff) | 10/15/25 | 5 | 4,793 | ||||
2.525%(ff) | 11/19/41 | 2,330 | 1,462,257 | ||||
2.545%(ff) | 11/08/32 | 1,135 | 878,298 | ||||
2.580%(ff) | 04/22/32 | 1,775 | 1,399,867 | ||||
2.947%(ff) | 02/24/28 | 1,715 | 1,555,581 | ||||
2.950% | 10/01/26 | 1,285 | 1,189,261 | ||||
3.782%(ff) | 02/01/28 | 1,235 | 1,149,436 | ||||
3.897%(ff) | 01/23/49 | 10 | 7,225 | ||||
3.960%(ff) | 01/29/27 | 930 | 888,449 | ||||
3.964%(ff) | 11/15/48 | 985 | 717,728 | ||||
4.005%(ff) | 04/23/29 | 1,200 | 1,105,638 | ||||
4.452%(ff) | 12/05/29 | 17 | 15,840 | ||||
Sub. Notes | |||||||
2.956%(ff) | 05/13/31 | 155 | 127,585 | ||||
4.125% | 12/15/26 | 40 | 37,999 | ||||
Mitsubishi UFJ Financial Group, Inc. (Japan), | |||||||
Sr. Unsec’d. Notes | |||||||
3.407% | 03/07/24 | 45 | 44,506 | ||||
Mizuho Financial Group, Inc. (Japan), | |||||||
Sr. Unsec’d. Notes | |||||||
5.748%(ff) | 07/06/34 | 2,890 | 2,757,763 | ||||
Morgan Stanley, | |||||||
Sr. Unsec’d. Notes | |||||||
5.123%(ff) | 02/01/29 | 1,945 | 1,873,887 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Banks (cont’d.) | |||||||
5.449%(ff) | 07/20/29 | 860 | $838,118 | ||||
Sr. Unsec’d. Notes, GMTN | |||||||
1.512%(ff) | 07/20/27 | 15 | 13,208 | ||||
2.239%(ff) | 07/21/32 | 4,318 | 3,255,316 | ||||
2.699%(ff) | 01/22/31 | 35 | 28,561 | ||||
4.431%(ff) | 01/23/30 | 1,340 | 1,237,505 | ||||
Sr. Unsec’d. Notes, MTN | |||||||
1.794%(ff) | 02/13/32 | 1,015 | 751,301 | ||||
1.928%(ff) | 04/28/32 | 193 | 143,177 | ||||
2.511%(ff) | 10/20/32 | 1,590 | 1,214,491 | ||||
2.943%(ff) | 01/21/33 | 1,470 | 1,155,363 | ||||
3.125% | 07/27/26 | 2,725 | 2,530,963 | ||||
5.250%(ff) | 04/21/34 | 2,230 | 2,070,952 | ||||
Sr. Unsec’d. Notes, MTN, SOFR + 0.455% | |||||||
5.790%(c) | 01/25/24 | 20 | 19,994 | ||||
Sub. Notes | |||||||
2.484%(ff) | 09/16/36 | 20 | 14,615 | ||||
Sub. Notes, GMTN | |||||||
4.350% | 09/08/26 | 756 | 720,847 | ||||
PNC Financial Services Group, Inc. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
2.200% | 11/01/24 | 21 | 20,148 | ||||
5.582%(ff) | 06/12/29 | 2,390 | 2,319,468 | ||||
Societe Generale SA (France), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
2.797%(ff) | 01/19/28 | 2,210 | 1,961,566 | ||||
2.889%(ff) | 06/09/32 | 250 | 188,818 | ||||
3.337%(ff) | 01/21/33 | 1,330 | 1,026,329 | ||||
Standard Chartered PLC (United Kingdom), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
2.819%(ff) | 01/30/26 | 25 | 23,729 | ||||
Sumitomo Mitsui Financial Group, Inc. (Japan), | |||||||
Sr. Unsec’d. Notes | |||||||
3.364% | 07/12/27 | 50 | 45,852 | ||||
Texas Capital Bank NA, | |||||||
Sr. Unsec’d. Notes, 144A, 3 Month LIBOR + 4.500% | |||||||
10.156%(c) | 09/30/24 | 2,429 | 2,407,361 | ||||
Truist Financial Corp., | |||||||
Sr. Unsec’d. Notes, MTN | |||||||
5.867%(ff) | 06/08/34(a) | 635 | 598,389 | ||||
U.S. Bancorp, | |||||||
Jr. Sub. Notes | |||||||
3.700%(ff) | 01/15/27(oo) | 30 | 22,033 | ||||
Jr. Sub. Notes, Series J | |||||||
5.300%(ff) | 04/15/27(oo) | 25 | 20,919 | ||||
UBS Group AG (Switzerland), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.091%(ff) | 05/14/32 | 1,695 | 1,341,971 | ||||
6.537%(ff) | 08/12/33 | 870 | 856,667 | ||||
UniCredit SpA (Italy), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
2.569%(ff) | 09/22/26 | 685 | 626,879 | ||||
3.127%(ff) | 06/03/32 | 1,225 | 938,543 | ||||
Wells Fargo & Co., | |||||||
Sr. Unsec’d. Notes | |||||||
3.068%(ff) | 04/30/41 | 2,690 | 1,794,980 |
A9
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Banks (cont’d.) | |||||||
5.389%(ff) | 04/24/34 | 1,270 | $1,189,391 | ||||
Sr. Unsec’d. Notes, MTN | |||||||
2.393%(ff) | 06/02/28 | 60 | 52,633 | ||||
2.572%(ff) | 02/11/31 | 3,525 | 2,849,545 | ||||
5.013%(ff) | 04/04/51 | 20 | 16,781 | ||||
Sub. Notes, MTN | |||||||
4.100% | 06/03/26 | 20 | 19,001 | ||||
117,022,357 | |||||||
Beverages — 0.3% | |||||||
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. (Belgium), | |||||||
Gtd. Notes | |||||||
4.700% | 02/01/36 | 31 | 28,406 | ||||
4.900% | 02/01/46 | 4,638 | 4,023,255 | ||||
Anheuser-Busch InBev Worldwide, Inc. (Belgium), | |||||||
Gtd. Notes | |||||||
3.500% | 06/01/30 | 30 | 26,709 | ||||
4.600% | 04/15/48 | 8 | 6,768 | ||||
4.750% | 01/23/29 | 118 | 114,184 | ||||
Coca-Cola Co. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
1.375% | 03/15/31 | 10 | 7,631 | ||||
1.650% | 06/01/30 | 10 | 8,003 | ||||
Constellation Brands, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.875% | 05/01/30 | 70 | 58,679 | ||||
4,273,635 | |||||||
Biotechnology — 0.3% | |||||||
Amgen, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.000% | 01/15/32 | 10 | 7,570 | ||||
2.770% | 09/01/53 | 19 | 10,554 | ||||
3.150% | 02/21/40 | 20 | 14,096 | ||||
5.150% | 11/15/41 | 16 | 14,134 | ||||
5.600% | 03/02/43 | 4,450 | 4,139,371 | ||||
Baxalta, Inc., | |||||||
Gtd. Notes | |||||||
4.000% | 06/23/25 | 75 | 72,747 | ||||
Gilead Sciences, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.800% | 10/01/50 | 10 | 5,993 | ||||
2.950% | 03/01/27 | 7 | 6,459 | ||||
4.750% | 03/01/46 | 10 | 8,564 | ||||
4,279,488 | |||||||
Building Materials — 0.1% | |||||||
JELD-WEN, Inc., | |||||||
Gtd. Notes, 144A | |||||||
4.625% | 12/15/25 | 118 | 113,581 | ||||
Johnson Controls International PLC/Tyco Fire & Security Finance SCA, | |||||||
Sr. Unsec’d. Notes | |||||||
1.750% | 09/15/30 | 20 | 15,537 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Building Materials (cont’d.) | |||||||
Martin Marietta Materials, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.400% | 07/15/31 | 15 | $11,746 | ||||
Masonite International Corp., | |||||||
Gtd. Notes, 144A | |||||||
5.375% | 02/01/28 | 475 | 440,563 | ||||
Smyrna Ready Mix Concrete LLC, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.000% | 11/01/28 | 1,275 | 1,176,815 | ||||
Vulcan Materials Co., | |||||||
Sr. Unsec’d. Notes | |||||||
3.500% | 06/01/30 | 15 | 13,067 | ||||
1,771,309 | |||||||
Chemicals — 0.9% | |||||||
Ashland Services BV, | |||||||
Gtd. Notes | |||||||
2.000% | 01/30/28 | EUR | 1,600 | 1,428,484 | |||
Ashland, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
6.875% | 05/15/43 | 1,400 | 1,329,593 | ||||
CF Industries, Inc., | |||||||
Gtd. Notes | |||||||
4.950% | 06/01/43 | 675 | 544,409 | ||||
Dow Chemical Co. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
3.600% | 11/15/50 | 5 | 3,353 | ||||
6.900% | 05/15/53 | 25 | 26,215 | ||||
FMC Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
3.450% | 10/01/29 | 2,810 | 2,365,125 | ||||
LYB International Finance III LLC, | |||||||
Gtd. Notes | |||||||
1.250% | 10/01/25 | 35 | 31,888 | ||||
3.375% | 10/01/40 | 60 | 40,816 | ||||
4.200% | 10/15/49 | 5 | 3,533 | ||||
Mosaic Co. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
5.625% | 11/15/43 | 155 | 135,099 | ||||
NOVA Chemicals Corp. (Canada), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.875% | 06/01/24 | 1,150 | 1,129,875 | ||||
Nutrien Ltd. (Canada), | |||||||
Sr. Unsec’d. Notes | |||||||
4.900% | 06/01/43 | 870 | 715,739 | ||||
5.250% | 01/15/45 | 305 | 258,215 | ||||
Rain Carbon, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
12.250% | 09/01/29 | 325 | 340,922 | ||||
Sasol Financing USA LLC (South Africa), | |||||||
Gtd. Notes | |||||||
4.375% | 09/18/26 | 460 | 406,332 | ||||
5.875% | 03/27/24 | 375 | 369,660 | ||||
Sherwin-Williams Co. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
2.300% | 05/15/30 | 20 | 16,201 |
A10
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Chemicals (cont’d.) | |||||||
3.125% | 06/01/24 | 14 | $13,729 | ||||
3.450% | 08/01/25 | 449 | 430,924 | ||||
TPC Group, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
13.000% | 12/16/27 | 194 | 194,813 | ||||
Yara International ASA (Brazil), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.750% | 06/01/28 | 2,410 | 2,252,338 | ||||
12,037,263 | |||||||
Commercial Services — 0.8% | |||||||
Allied Universal Holdco LLC/Allied Universal Finance Corp., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.625% | 07/15/26 | 600 | 569,051 | ||||
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.625% | 06/01/28 | 1,300 | 1,072,500 | ||||
DP World Ltd. (United Arab Emirates), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
2.375% | 09/25/26 | EUR | 785 | 776,485 | |||
ERAC USA Finance LLC, | |||||||
Gtd. Notes, 144A | |||||||
4.200% | 11/01/46 | 50 | 38,309 | ||||
6.700% | 06/01/34 | 920 | 970,056 | ||||
7.000% | 10/15/37 | 770 | 832,400 | ||||
Gartner, Inc., | |||||||
Gtd. Notes, 144A | |||||||
4.500% | 07/01/28 | 230 | 209,849 | ||||
Global Payments, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
1.200% | 03/01/26 | 145 | 129,346 | ||||
2.650% | 02/15/25 | 40 | 38,116 | ||||
3.200% | 08/15/29 | 30 | 25,505 | ||||
GTCR W-2 Merger Sub LLC, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
7.500% | 01/15/31 | 200 | 200,253 | ||||
Nexi SpA (Italy), | |||||||
Sr. Unsec’d. Notes | |||||||
2.125% | 04/30/29(a) | EUR | 2,640 | 2,313,966 | |||
S&P Global, Inc., | |||||||
Gtd. Notes | |||||||
4.250% | 05/01/29 | 60 | 56,570 | ||||
United Rentals North America, Inc., | |||||||
Gtd. Notes | |||||||
3.750% | 01/15/32 | 50 | 40,346 | ||||
3.875% | 02/15/31(a) | 392 | 326,112 | ||||
4.875% | 01/15/28(a) | 1,325 | 1,240,221 | ||||
5.250% | 01/15/30 | 525 | 484,355 | ||||
University of Southern California, | |||||||
Sr. Unsec’d. Notes | |||||||
4.976% | 10/01/53 | 1,690 | 1,549,937 | ||||
10,873,377 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Computers — 0.2% | |||||||
Apple, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
0.700% | 02/08/26 | 40 | $36,024 | ||||
1.200% | 02/08/28 | 100 | 85,275 | ||||
1.400% | 08/05/28 | 29 | 24,557 | ||||
1.650% | 02/08/31 | 55 | 43,561 | ||||
2.375% | 02/08/41 | 40 | 26,693 | ||||
2.650% | 05/11/50 | 15 | 9,143 | ||||
2.650% | 02/08/51 | 15 | 9,100 | ||||
2.700% | 08/05/51 | 5 | 3,041 | ||||
2.800% | 02/08/61 | 100 | 58,464 | ||||
2.950% | 09/11/49 | 25 | 16,495 | ||||
3.350% | 02/09/27 | 70 | 66,149 | ||||
3.850% | 08/04/46 | 15 | 11,802 | ||||
Genpact Luxembourg Sarl, | |||||||
Gtd. Notes | |||||||
3.375% | 12/01/24 | 90 | 86,762 | ||||
NCR Atleos Escrow Corp., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
9.500% | 04/01/29 | 866 | 837,637 | ||||
NCR Corp., | |||||||
Gtd. Notes, 144A | |||||||
6.125% | 09/01/29 | 675 | 691,197 | ||||
NetApp, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.300% | 09/29/24 | 40 | 38,946 | ||||
Seagate HDD Cayman, | |||||||
Gtd. Notes | |||||||
4.875% | 06/01/27 | 40 | 37,688 | ||||
2,082,534 | |||||||
Distribution/Wholesale — 0.1% | |||||||
H&E Equipment Services, Inc., | |||||||
Gtd. Notes, 144A | |||||||
3.875% | 12/15/28 | 1,550 | 1,324,807 | ||||
Ritchie Bros Holdings, Inc. (Canada), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.750% | 03/15/28 | 75 | 74,827 | ||||
1,399,634 | |||||||
Diversified Financial Services — 0.3% | |||||||
American Express Co., | |||||||
Jr. Sub. Notes | |||||||
3.550%(ff) | 09/15/26(oo) | 10 | 7,941 | ||||
Blackstone Private Credit Fund, | |||||||
Sr. Sec’d. Notes | |||||||
5.610% | 05/03/27^ | 1,100 | 1,012,178 | ||||
Cantor Fitzgerald LP, | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.875% | 05/01/24 | 50 | 49,119 | ||||
Capital One Financial Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
3.800% | 01/31/28 | 5 | 4,500 | ||||
Sub. Notes | |||||||
2.359%(ff) | 07/29/32 | 45 | 30,663 |
A11
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Diversified Financial Services (cont’d.) | |||||||
Charles Schwab Corp. (The), | |||||||
Jr. Sub. Notes, Series H | |||||||
4.000%(ff) | 12/01/30(oo) | 20 | $14,105 | ||||
Jr. Sub. Notes, Series I | |||||||
4.000%(ff) | 06/01/26(oo) | 35 | 29,244 | ||||
Credit Acceptance Corp., | |||||||
Gtd. Notes, 144A | |||||||
5.125% | 12/31/24 | 15 | 14,581 | ||||
GTP Acquisition Partners I LLC, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.482% | 06/15/50 | 100 | 95,683 | ||||
Jefferies Financial Group, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
6.500% | 01/20/43 | 555 | 538,773 | ||||
Mastercard, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
1.900% | 03/15/31 | 15 | 11,923 | ||||
3.850% | 03/26/50 | 20 | 15,428 | ||||
Nationstar Mortgage Holdings, Inc., | |||||||
Gtd. Notes, 144A | |||||||
5.125% | 12/15/30 | 75 | 61,126 | ||||
5.500% | 08/15/28 | 805 | 710,163 | ||||
6.000% | 01/15/27 | 275 | 260,008 | ||||
Nomura Holdings, Inc. (Japan), | |||||||
Sr. Unsec’d. Notes | |||||||
2.608% | 07/14/31 | 515 | 392,675 | ||||
OneMain Finance Corp., | |||||||
Gtd. Notes | |||||||
3.875% | 09/15/28 | 575 | 461,873 | ||||
Power Finance Corp. Ltd. (India), | |||||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
6.150% | 12/06/28 | 400 | 399,128 | ||||
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., | |||||||
Gtd. Notes, 144A | |||||||
2.875% | 10/15/26 | 10 | 8,802 | ||||
Visa, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
1.100% | 02/15/31 | 10 | 7,550 | ||||
4.300% | 12/14/45 | 20 | 16,823 | ||||
4,142,286 | |||||||
Electric — 3.2% | |||||||
AEP Transmission Co. LLC, | |||||||
Sr. Unsec’d. Notes | |||||||
3.750% | 12/01/47 | 100 | 72,418 | ||||
AES Corp. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
1.375% | 01/15/26 | 35 | 31,162 | ||||
2.450% | 01/15/31 | 15 | 11,521 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
3.300% | 07/15/25 | 45 | 42,609 | ||||
3.950% | 07/15/30 | 5 | 4,312 | ||||
Ameren Illinois Co., | |||||||
First Mortgage | |||||||
4.500% | 03/15/49 | 40 | 32,986 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Electric (cont’d.) | |||||||
American Electric Power Co., Inc., | |||||||
Sr. Unsec’d. Notes, Series J | |||||||
4.300% | 12/01/28 | 45 | $42,210 | ||||
American Transmission Systems, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
2.650% | 01/15/32 | 10 | 7,903 | ||||
Arizona Public Service Co., | |||||||
Sr. Unsec’d. Notes | |||||||
2.200% | 12/15/31 | 25 | 18,918 | ||||
Atlantic City Electric Co., | |||||||
First Mortgage | |||||||
2.300% | 03/15/31 | 25 | 19,833 | ||||
Avangrid, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.800% | 06/01/29 | 10 | 8,882 | ||||
Baltimore Gas & Electric Co., | |||||||
Sr. Unsec’d. Notes | |||||||
2.250% | 06/15/31 | 5 | 3,970 | ||||
Berkshire Hathaway Energy Co., | |||||||
Sr. Unsec’d. Notes | |||||||
4.050% | 04/15/25 | 35 | 34,096 | ||||
4.250% | 10/15/50 | 20 | 14,747 | ||||
Calpine Corp., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.625% | 02/01/29 | 600 | 502,393 | ||||
5.000% | 02/01/31 | 750 | 607,330 | ||||
5.125% | 03/15/28 | 1,700 | 1,513,897 | ||||
CenterPoint Energy, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.950% | 03/01/30 | 36 | 30,135 | ||||
CMS Energy Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
3.000% | 05/15/26 | 20 | 18,688 | ||||
Comision Federal de Electricidad (Mexico), | |||||||
Gtd. Notes, 144A | |||||||
4.688% | 05/15/29 | 1,325 | 1,185,875 | ||||
Consolidated Edison Co. of New York, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.500% | 12/01/45 | 10 | 7,944 | ||||
Sr. Unsec’d. Notes, Series C | |||||||
3.000% | 12/01/60 | 20 | 11,170 | ||||
4.300% | 12/01/56 | 235 | 172,916 | ||||
Constellation Energy Generation LLC, | |||||||
Sr. Unsec’d. Notes | |||||||
3.250% | 06/01/25 | 20 | 19,075 | ||||
Consumers Energy Co., | |||||||
First Mortgage | |||||||
2.500% | 05/01/60 | 3 | 1,566 | ||||
Dominion Energy South Carolina, Inc., | |||||||
First Mortgage | |||||||
4.600% | 06/15/43 | 2,025 | 1,684,473 | ||||
Dominion Energy, Inc., | |||||||
Jr. Sub. Notes | |||||||
3.071% | 08/15/24 | 5 | 4,869 | ||||
Sr. Unsec’d. Notes | |||||||
3.900% | 10/01/25 | 15 | 14,441 |
A12
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Electric (cont’d.) | |||||||
Sr. Unsec’d. Notes, Series C | |||||||
3.375% | 04/01/30 | 10 | $8,601 | ||||
DPL, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.125% | 07/01/25 | 10 | 9,510 | ||||
DTE Electric Co., | |||||||
First Mortgage, Series C | |||||||
2.625% | 03/01/31 | 10 | 8,249 | ||||
Duke Energy Carolinas LLC, | |||||||
First Mortgage | |||||||
3.950% | 11/15/28 | 40 | 37,513 | ||||
Duke Energy Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
2.450% | 06/01/30 | 5 | 4,055 | ||||
Duke Energy Florida LLC, | |||||||
First Mortgage | |||||||
1.750% | 06/15/30 | 50 | 39,240 | ||||
2.500% | 12/01/29(a) | 75 | 63,509 | ||||
3.850% | 11/15/42 | 25 | 18,566 | ||||
Duke Energy Indiana LLC, | |||||||
First Mortgage | |||||||
2.750% | 04/01/50 | 10 | 5,719 | ||||
5.400% | 04/01/53 | 3,500 | 3,199,735 | ||||
Duke Energy Ohio, Inc., | |||||||
First Mortgage | |||||||
2.125% | 06/01/30 | 30 | 24,127 | ||||
Duke Energy Progress LLC, | |||||||
First Mortgage | |||||||
3.450% | 03/15/29 | 45 | 40,787 | ||||
Edison International, | |||||||
Jr. Sub. Notes, Series A | |||||||
5.375%(ff) | 03/15/26(oo) | 10 | 8,852 | ||||
Jr. Sub. Notes, Series B | |||||||
5.000%(ff) | 12/15/26(oo) | 20 | 17,117 | ||||
Sr. Unsec’d. Notes | |||||||
3.550% | 11/15/24 | 85 | 82,474 | ||||
4.950% | 04/15/25 | 5 | 4,897 | ||||
El Paso Electric Co., | |||||||
Sr. Unsec’d. Notes | |||||||
6.000% | 05/15/35 | 2,325 | 2,224,620 | ||||
Emera US Finance LP (Canada), | |||||||
Gtd. Notes | |||||||
0.833% | 06/15/24 | 20 | 19,207 | ||||
Entergy Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
0.900% | 09/15/25 | 10 | 9,079 | ||||
2.400% | 06/15/31 | 48 | 37,468 | ||||
2.800% | 06/15/30 | 10 | 8,318 | ||||
Entergy Louisiana LLC, | |||||||
First Mortgage | |||||||
2.350% | 06/15/32 | 120 | 92,280 | ||||
Entergy Texas, Inc., | |||||||
First Mortgage | |||||||
3.550% | 09/30/49 | 25 | 16,913 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Electric (cont’d.) | |||||||
Eskom Holdings SOC Ltd. (South Africa), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
7.125% | 02/11/25 | 390 | $379,486 | ||||
Eversource Energy, | |||||||
Sr. Unsec’d. Notes, Series M | |||||||
3.300% | 01/15/28 | 40 | 36,405 | ||||
Sr. Unsec’d. Notes, Series U | |||||||
1.400% | 08/15/26 | 20 | 17,728 | ||||
Exelon Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
3.400% | 04/15/26 | 5 | 4,735 | ||||
3.950% | 06/15/25 | 35 | 33,832 | ||||
4.050% | 04/15/30 | 25 | 22,509 | ||||
FirstEnergy Corp., | |||||||
Sr. Unsec’d. Notes, Series C | |||||||
5.100% | 07/15/47 | 4 | 3,395 | ||||
FirstEnergy Transmission LLC, | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.350% | 01/15/25 | 3,771 | 3,674,958 | ||||
5.450% | 07/15/44 | 280 | 244,772 | ||||
Florida Power & Light Co., | |||||||
First Mortgage | |||||||
2.875% | 12/04/51 | 5 | 3,037 | ||||
3.150% | 10/01/49 | 36 | 23,493 | ||||
Georgia Power Co., | |||||||
Sr. Unsec’d. Notes, Series B | |||||||
2.650% | 09/15/29 | 95 | 80,679 | ||||
Iberdrola International BV (Spain), | |||||||
Gtd. Notes | |||||||
6.750% | 09/15/33 | 1,150 | 1,142,478 | ||||
Interstate Power & Light Co., | |||||||
Sr. Unsec’d. Notes | |||||||
3.250% | 12/01/24 | 20 | 19,364 | ||||
3.600% | 04/01/29 | 50 | 45,055 | ||||
Israel Electric Corp. Ltd. (Israel), | |||||||
Sr. Sec’d. Notes, 144A, GMTN | |||||||
4.250% | 08/14/28 | 680 | 621,846 | ||||
Jersey Central Power & Light Co., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.700% | 04/01/24 | 50 | 49,598 | ||||
Kentucky Utilities Co., | |||||||
First Mortgage | |||||||
4.375% | 10/01/45 | 3,050 | 2,366,373 | ||||
MidAmerican Energy Co., | |||||||
First Mortgage | |||||||
3.150% | 04/15/50 | 5 | 3,174 | ||||
3.650% | 04/15/29 | 20 | 18,295 | ||||
3.650% | 08/01/48 | 20 | 14,243 | ||||
Narragansett Electric Co. (The), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.395% | 04/09/30 | 1,050 | 912,332 | ||||
NextEra Energy Capital Holdings, Inc., | |||||||
Gtd. Notes | |||||||
1.900% | 06/15/28 | 15 | 12,693 | ||||
2.250% | 06/01/30 | 20 | 15,998 | ||||
2.440% | 01/15/32 | 11 | 8,510 |
A13
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Electric (cont’d.) | |||||||
3.000% | 01/15/52 | 58 | $34,125 | ||||
5.749% | 09/01/25 | 6,060 | 6,042,074 | ||||
Northern States Power Co., | |||||||
First Mortgage | |||||||
2.250% | 04/01/31 | 10 | 7,991 | ||||
2.600% | 06/01/51 | 5 | 2,832 | ||||
3.600% | 09/15/47 | 10 | 7,046 | ||||
NRG Energy, Inc., | |||||||
Gtd. Notes, 144A | |||||||
3.625% | 02/15/31 | 100 | 75,856 | ||||
3.875% | 02/15/32 | 500 | 375,012 | ||||
5.250% | 06/15/29 | 200 | 176,455 | ||||
Jr. Sub. Notes, 144A | |||||||
10.250%(ff) | 03/15/28(oo) | 225 | 220,341 | ||||
Sr. Sec’d. Notes, 144A | |||||||
2.000% | 12/02/25 | 285 | 258,223 | ||||
2.450% | 12/02/27 | 1,245 | 1,055,853 | ||||
3.750% | 06/15/24 | 50 | 48,940 | ||||
Ohio Power Co., | |||||||
Sr. Unsec’d. Notes, Series P | |||||||
2.600% | 04/01/30 | 25 | 20,680 | ||||
Sr. Unsec’d. Notes, Series Q | |||||||
1.625% | 01/15/31 | 5 | 3,800 | ||||
Sr. Unsec’d. Notes, Series R | |||||||
2.900% | 10/01/51 | 5 | 2,966 | ||||
Oncor Electric Delivery Co. LLC, | |||||||
Sr. Sec’d. Notes | |||||||
3.800% | 06/01/49 | 6 | 4,330 | ||||
Pacific Gas & Electric Co., | |||||||
First Mortgage | |||||||
2.100% | 08/01/27 | 10 | 8,539 | ||||
3.450% | 07/01/25 | 13 | 12,337 | ||||
3.750% | 08/15/42 | 50 | 32,086 | ||||
3.850% | 11/15/23 | 40 | 39,874 | ||||
4.000% | 12/01/46 | 15 | 9,476 | ||||
4.450% | 04/15/42 | 5 | 3,543 | ||||
4.550% | 07/01/30 | 1,748 | 1,542,964 | ||||
4.750% | 02/15/44 | 75 | 55,271 | ||||
4.950% | 07/01/50 | 2,645 | 1,974,625 | ||||
PacifiCorp, | |||||||
First Mortgage | |||||||
3.300% | 03/15/51 | 390 | 233,789 | ||||
PECO Energy Co., | |||||||
First Mortgage | |||||||
2.800% | 06/15/50 | 25 | 14,647 | ||||
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara (Indonesia), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
1.875% | 11/05/31 | EUR | 324 | 260,930 | |||
PG&E Energy Recovery Funding LLC, | |||||||
Sr. Sec’d. Notes, Series A-3 | |||||||
2.822% | 07/15/48 | 20 | 13,108 | ||||
Progress Energy, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
7.000% | 10/30/31 | 90 | 94,760 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Electric (cont’d.) | |||||||
Public Service Co. of Colorado, | |||||||
First Mortgage, Series 34 | |||||||
3.200% | 03/01/50 | 5 | $3,135 | ||||
Public Service Electric & Gas Co., | |||||||
First Mortgage, MTN | |||||||
2.050% | 08/01/50 | 45 | 23,092 | ||||
Public Service Enterprise Group, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
1.600% | 08/15/30 | 35 | 26,785 | ||||
Rochester Gas & Electric Corp., | |||||||
First Mortgage, 144A | |||||||
3.100% | 06/01/27 | 45 | 41,045 | ||||
San Diego Gas & Electric Co., | |||||||
First Mortgage | |||||||
4.150% | 05/15/48 | 20 | 15,194 | ||||
5.350% | 05/15/35 | 40 | 37,647 | ||||
First Mortgage, Series WWW | |||||||
2.950% | 08/15/51 | 5 | 3,023 | ||||
Sr. Sec’d. Notes, Series VVV | |||||||
1.700% | 10/01/30 | 10 | 7,719 | ||||
Sempra, | |||||||
Sr. Unsec’d. Notes | |||||||
3.400% | 02/01/28 | 35 | 31,838 | ||||
4.000% | 02/01/48 | 5 | 3,597 | ||||
Sierra Pacific Power Co., | |||||||
General Ref. Mortgage | |||||||
2.600% | 05/01/26 | 20 | 18,574 | ||||
Southern California Edison Co., | |||||||
First Mortgage | |||||||
1.100% | 04/01/24 | 135 | 131,706 | ||||
2.250% | 06/01/30 | 35 | 28,037 | ||||
2.850% | 08/01/29 | 40 | 34,381 | ||||
3.650% | 02/01/50 | 25 | 16,825 | ||||
First Mortgage, Series 20A | |||||||
2.950% | 02/01/51 | 5 | 2,951 | ||||
First Mortgage, Series A | |||||||
4.200% | 03/01/29 | 20 | 18,595 | ||||
First Mortgage, Series G | |||||||
2.500% | 06/01/31 | 10 | 7,970 | ||||
First Mortgage, Series H | |||||||
3.650% | 06/01/51 | 5 | 3,319 | ||||
First Ref. Mortgage | |||||||
5.500% | 03/15/40 | 10 | 9,118 | ||||
First Ref. Mortgage, Series C | |||||||
4.125% | 03/01/48 | 50 | 36,834 | ||||
Southwestern Public Service Co., | |||||||
First Mortgage | |||||||
3.750% | 06/15/49 | 30 | 20,539 | ||||
Tampa Electric Co., | |||||||
Sr. Unsec’d. Notes | |||||||
3.450% | 03/15/51 | 40 | 25,693 | ||||
Toledo Edison Co. (The), | |||||||
First Mortgage, 144A | |||||||
2.650% | 05/01/28 | 10 | 8,524 |
A14
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Electric (cont’d.) | |||||||
Trans-Allegheny Interstate Line Co., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.850% | 06/01/25 | 100 | $96,461 | ||||
Tucson Electric Power Co., | |||||||
Sr. Unsec’d. Notes | |||||||
4.000% | 06/15/50 | 1,500 | 1,061,396 | ||||
Virginia Electric & Power Co., | |||||||
Sr. Unsec’d. Notes | |||||||
4.450% | 02/15/44 | 15 | 11,913 | ||||
Vistra Corp., | |||||||
Jr. Sub. Notes, 144A | |||||||
7.000%(ff) | 12/15/26(oo) | 625 | 574,894 | ||||
8.000%(ff) | 10/15/26(oo) | 2,075 | 1,991,356 | ||||
Vistra Operations Co. LLC, | |||||||
Gtd. Notes, 144A | |||||||
5.000% | 07/31/27 | 450 | 413,787 | ||||
5.625% | 02/15/27 | 600 | 568,425 | ||||
Sr. Sec’d. Notes, 144A | |||||||
3.550% | 07/15/24 | 130 | 126,858 | ||||
3.700% | 01/30/27 | 2,000 | 1,822,685 | ||||
41,712,552 | |||||||
Electrical Components & Equipment — 0.1% | |||||||
WESCO Distribution, Inc., | |||||||
Gtd. Notes, 144A | |||||||
7.125% | 06/15/25 | 575 | 576,642 | ||||
7.250% | 06/15/28(a) | 550 | 553,779 | ||||
1,130,421 | |||||||
Electronics — 0.1% | |||||||
Agilent Technologies, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.300% | 03/12/31 | 45 | 35,574 | ||||
Sensata Technologies BV, | |||||||
Gtd. Notes, 144A | |||||||
5.000% | 10/01/25 | 1,000 | 960,000 | ||||
TD SYNNEX Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
1.250% | 08/09/24 | 30 | 28,600 | ||||
Sr. Unsec’d. Notes, Sr. Unsec’d. Notes | |||||||
2.650% | 08/09/31 | 25 | 18,656 | ||||
1,042,830 | |||||||
Engineering & Construction — 0.4% | |||||||
Cellnex Telecom SA (Spain), | |||||||
Sr. Unsec’d. Notes, EMTN | |||||||
1.750% | 10/23/30(a) | EUR | 2,800 | 2,397,781 | |||
GMR Hyderabad International Airport Ltd. (India), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.250% | 10/27/27 | 345 | 306,881 | ||||
Mexico City Airport Trust (Mexico), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.875% | 04/30/28 | 201 | 181,929 | ||||
4.250% | 10/31/26 | 605 | 568,107 | ||||
5.500% | 10/31/46 | 415 | 315,400 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Engineering & Construction (cont’d.) | |||||||
5.500% | 07/31/47 | 2,145 | $1,631,573 | ||||
5,401,671 | |||||||
Entertainment — 0.5% | |||||||
Caesars Entertainment, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.250% | 07/01/25 | 860 | 848,981 | ||||
7.000% | 02/15/30 | 400 | 389,012 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
4.625% | 10/15/29 | 600 | 508,685 | ||||
CCM Merger, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
6.375% | 05/01/26 | 550 | 528,253 | ||||
Golden Entertainment, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
7.625% | 04/15/26 | 875 | 873,127 | ||||
Jacobs Entertainment, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
6.750% | 02/15/29 | 750 | 664,732 | ||||
Penn Entertainment, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.625% | 01/15/27(a) | 800 | 752,353 | ||||
Warnermedia Holdings, Inc., | |||||||
Gtd. Notes | |||||||
5.050% | 03/15/42(a) | 1,065 | 823,817 | ||||
5.141% | 03/15/52 | 1,490 | 1,105,450 | ||||
6,494,410 | |||||||
Environmental Control — 0.0% | |||||||
Republic Services, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
0.875% | 11/15/25 | 10 | 9,042 | ||||
2.500% | 08/15/24 | 30 | 29,131 | ||||
3.950% | 05/15/28 | 20 | 18,756 | ||||
Waste Connections, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.500% | 05/01/29 | 35 | 31,721 | ||||
88,650 | |||||||
Foods — 0.7% | |||||||
Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s LP/Albertson’s LLC, | |||||||
Gtd. Notes, 144A | |||||||
6.500% | 02/15/28 | 375 | 370,470 | ||||
B&G Foods, Inc., | |||||||
Gtd. Notes | |||||||
5.250% | 09/15/27 | 1,475 | 1,234,905 | ||||
Bellis Acquisition Co. PLC (United Kingdom), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.250% | 02/16/26 | GBP | 3,100 | 3,282,156 | |||
Bellis Finco PLC (United Kingdom), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.000% | 02/16/27 | GBP | 1,600 | 1,484,774 | |||
Campbell Soup Co., | |||||||
Sr. Unsec’d. Notes | |||||||
3.950% | 03/15/25 | 45 | 43,706 | ||||
4.800% | 03/15/48 | 55 | 44,509 |
A15
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Foods (cont’d.) | |||||||
General Mills, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.250% | 10/14/31 | 5 | $3,890 | ||||
Hershey Co. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
1.700% | 06/01/30 | 10 | 7,987 | ||||
Kraft Heinz Foods Co., | |||||||
Gtd. Notes | |||||||
4.375% | 06/01/46 | 465 | 360,678 | ||||
4.625% | 10/01/39 | 645 | 543,719 | ||||
5.200% | 07/15/45 | 920 | 800,447 | ||||
Mars, Inc., | |||||||
Gtd. Notes, 144A | |||||||
3.875% | 04/01/39 | 440 | 350,055 | ||||
4.125% | 04/01/54 | 415 | 309,174 | ||||
Mondelez International, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
1.500% | 02/04/31 | 30 | 22,559 | ||||
Smithfield Foods, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.000% | 10/15/30 | 10 | 7,666 | ||||
8,866,695 | |||||||
Forest Products & Paper — 0.0% | |||||||
Georgia-Pacific LLC, | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
0.950% | 05/15/26 | 40 | 35,378 | ||||
Suzano Austria GmbH (Brazil), | |||||||
Gtd. Notes, Series DM3N | |||||||
3.125% | 01/15/32 | 10 | 7,665 | ||||
43,043 | |||||||
Gas — 0.2% | |||||||
AmeriGas Partners LP/AmeriGas Finance Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
5.875% | 08/20/26 | 1,100 | 1,056,736 | ||||
Atmos Energy Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
1.500% | 01/15/31 | 55 | 41,601 | ||||
2.625% | 09/15/29 | 15 | 13,008 | ||||
CenterPoint Energy Resources Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
1.750% | 10/01/30 | 10 | 7,729 | ||||
NiSource, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
0.950% | 08/15/25 | 75 | 68,338 | ||||
1.700% | 02/15/31 | 120 | 89,576 | ||||
3.600% | 05/01/30 | 36 | 31,366 | ||||
4.800% | 02/15/44 | 300 | 246,577 | ||||
Piedmont Natural Gas Co., Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.100% | 09/18/34 | 20 | 16,432 | ||||
Southern California Gas Co., | |||||||
First Mortgage, Series WW | |||||||
3.950% | 02/15/50 | 45 | 31,923 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Gas (cont’d.) | |||||||
Southern Co. Gas Capital Corp., | |||||||
Gtd. Notes | |||||||
4.400% | 06/01/43 | 1,050 | $796,802 | ||||
2,400,088 | |||||||
Healthcare-Products — 0.2% | |||||||
Medline Borrower LP, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.875% | 04/01/29 | 325 | 274,605 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
5.250% | 10/01/29(a) | 225 | 194,508 | ||||
Medtronic Global Holdings SCA, | |||||||
Gtd. Notes | |||||||
1.375% | 10/15/40 | EUR | 540 | 361,703 | |||
Stryker Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
2.125% | 11/30/27 | EUR | 510 | 501,658 | |||
3.650% | 03/07/28 | 30 | 27,966 | ||||
Thermo Fisher Scientific, Inc., | |||||||
Sr. Unsec’d. Notes, EMTN | |||||||
1.500% | 10/01/39 | EUR | 600 | 419,850 | |||
1.875% | 10/01/49 | EUR | 425 | 263,262 | |||
2,043,552 | |||||||
Healthcare-Services — 1.0% | |||||||
Advocate Health & Hospitals Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
3.387% | 10/15/49 | 20 | 13,545 | ||||
Aetna, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.875% | 08/15/47 | 3 | 2,096 | ||||
6.750% | 12/15/37 | 1,900 | 1,975,340 | ||||
AHS Hospital Corp., | |||||||
Sr. Unsec’d. Notes, Series 2021 | |||||||
2.780% | 07/01/51 | 10 | 5,863 | ||||
Ascension Health, | |||||||
Sr. Unsec’d. Notes, Series B | |||||||
3.106% | 11/15/39 | 20 | 14,422 | ||||
Baylor Scott & White Holdings, | |||||||
Unsec’d. Notes, Series 2021 | |||||||
2.839% | 11/15/50 | 10 | 6,034 | ||||
Bon Secours Mercy Health, Inc., | |||||||
Sec’d. Notes, Series 20-2 | |||||||
2.095% | 06/01/31 | 10 | 7,788 | ||||
City of Hope, | |||||||
Sr. Sec’d. Notes, Series 2013 | |||||||
5.623% | 11/15/43 | 20 | 18,118 | ||||
CommonSpirit Health, | |||||||
Sr. Sec’d. Notes | |||||||
1.547% | 10/01/25 | 35 | 32,101 | ||||
2.782% | 10/01/30 | 5 | 4,123 | ||||
3.910% | 10/01/50 | 5 | 3,529 | ||||
4.187% | 10/01/49 | 30 | 22,453 | ||||
Duke University Health System, Inc., | |||||||
Sr. Unsec’d. Notes, Series 2017 | |||||||
3.920% | 06/01/47 | 25 | 19,107 |
A16
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Healthcare-Services (cont’d.) | |||||||
Elevance Health, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.375% | 01/15/25 | 15 | $14,323 | ||||
4.650% | 01/15/43 | 385 | 322,927 | ||||
HCA, Inc., | |||||||
Gtd. Notes | |||||||
5.375% | 02/01/25 | 940 | 930,309 | ||||
7.500% | 11/06/33 | 500 | 521,511 | ||||
Gtd. Notes, MTN | |||||||
7.750% | 07/15/36 | 500 | 532,266 | ||||
Kaiser Foundation Hospitals, | |||||||
Unsec’d. Notes, Series 2021 | |||||||
3.002% | 06/01/51 | 10 | 6,238 | ||||
Laboratory Corp. of America Holdings, | |||||||
Sr. Unsec’d. Notes | |||||||
2.950% | 12/01/29 | 25 | 21,480 | ||||
3.600% | 02/01/25 | 675 | 653,542 | ||||
Mount Sinai Hospital, | |||||||
Sec’d. Notes, Series 2017 | |||||||
3.981% | 07/01/48 | 2 | 1,476 | ||||
Sec’d. Notes, Series 2019 | |||||||
3.737% | 07/01/49 | 29 | 20,086 | ||||
Unsec’d. Notes, Series 2020 | |||||||
3.391% | 07/01/50 | 10 | 6,254 | ||||
Northwell Healthcare, Inc., | |||||||
Sec’d. Notes | |||||||
3.809% | 11/01/49 | 10 | 6,874 | ||||
Orlando Health Obligated Group, | |||||||
Unsec’d. Notes | |||||||
4.089% | 10/01/48 | 25 | 18,855 | ||||
PeaceHealth Obligated Group, | |||||||
Sr. Unsec’d. Notes, Series 2020 | |||||||
1.375% | 11/15/25 | 10 | 9,074 | ||||
Piedmont Healthcare, Inc., | |||||||
Sec’d. Notes, Series 2032 | |||||||
2.044% | 01/01/32 | 10 | 7,599 | ||||
Providence St. Joseph Health Obligated Group, | |||||||
Unsec’d. Notes, Series 19A | |||||||
2.532% | 10/01/29 | 50 | 41,651 | ||||
Quest Diagnostics, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.950% | 06/30/30 | 50 | 42,005 | ||||
Sutter Health, | |||||||
Unsec’d. Notes, Series 20A | |||||||
2.294% | 08/15/30 | 6 | 4,833 | ||||
3.361% | 08/15/50 | 4 | 2,614 | ||||
Tenet Healthcare Corp., | |||||||
Gtd. Notes | |||||||
6.125% | 10/01/28(a) | 175 | 164,234 | ||||
Sr. Sec’d. Notes | |||||||
4.250% | 06/01/29 | 125 | 107,657 | ||||
4.375% | 01/15/30 | 50 | 43,066 | ||||
4.625% | 06/15/28 | 435 | 391,918 | ||||
4.875% | 01/01/26 | 300 | 287,639 | ||||
5.125% | 11/01/27(a) | 375 | 348,861 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Healthcare-Services (cont’d.) | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.750% | 05/15/31 | 975 | $940,989 | ||||
Trinity Health Corp., | |||||||
Sr. Unsec’d. Notes, Series 2019 | |||||||
3.434% | 12/01/48 | 30 | 21,408 | ||||
UnitedHealth Group, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.900% | 05/15/50 | 20 | 12,298 | ||||
3.050% | 05/15/41 | 895 | 631,388 | ||||
3.250% | 05/15/51 | 5 | 3,289 | ||||
3.500% | 08/15/39 | 25 | 19,197 | ||||
3.950% | 10/15/42 | 220 | 172,983 | ||||
4.450% | 12/15/48 | 10 | 8,196 | ||||
5.200% | 04/15/63 | 5,170 | 4,611,813 | ||||
Universal Health Services, Inc., | |||||||
Sr. Sec’d. Notes | |||||||
2.650% | 10/15/30 | 25 | 19,440 | ||||
13,072,812 | |||||||
Home Builders — 0.1% | |||||||
D.R. Horton, Inc., | |||||||
Gtd. Notes | |||||||
2.500% | 10/15/24 | 45 | 43,396 | ||||
Taylor Morrison Communities, Inc., | |||||||
Gtd. Notes, 144A | |||||||
5.875% | 06/15/27 | 875 | 834,336 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
5.125% | 08/01/30 | 45 | 39,320 | ||||
917,052 | |||||||
Insurance — 0.4% | |||||||
American International Group, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.800% | 07/10/45 | 3 | 2,489 | ||||
Everest Reinsurance Holdings, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.500% | 10/15/50 | 20 | 12,816 | ||||
Great-West Lifeco US Finance 2020 LP (Canada), | |||||||
Gtd. Notes, 144A | |||||||
0.904% | 08/12/25 | 25 | 22,619 | ||||
Liberty Mutual Finance Europe DAC, | |||||||
Gtd. Notes, 144A | |||||||
1.750% | 03/27/24 | EUR | 800 | 833,172 | |||
Liberty Mutual Group, Inc., | |||||||
Gtd. Notes, 144A | |||||||
3.951% | 10/15/50 | 1,030 | 689,705 | ||||
Lincoln National Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
7.000% | 06/15/40 | 405 | 404,161 | ||||
Markel Group, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
5.000% | 03/30/43 | 350 | 277,995 | ||||
Marsh & McLennan Cos., Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.250% | 11/15/30 | 5 | 4,001 | ||||
2.375% | 12/15/31 | 15 | 11,779 |
A17
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Insurance (cont’d.) | |||||||
New York Life Insurance Co., | |||||||
Sub. Notes, 144A | |||||||
3.750% | 05/15/50 | 25 | $17,299 | ||||
Principal Financial Group, Inc., | |||||||
Gtd. Notes | |||||||
4.625% | 09/15/42 | 150 | 119,224 | ||||
Protective Life Corp., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.400% | 01/15/30 | 15 | 12,570 | ||||
Sompo International Holdings Ltd. (Bermuda), | |||||||
Sr. Unsec’d. Notes | |||||||
7.000% | 07/15/34 | 1,350 | 1,346,528 | ||||
Teachers Insurance & Annuity Association of America, | |||||||
Sub. Notes, 144A | |||||||
3.300% | 05/15/50 | 10 | 6,336 | ||||
4.270% | 05/15/47 | 2,310 | 1,754,147 | ||||
6.850% | 12/16/39 | 196 | 205,707 | ||||
W.R. Berkley Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
4.000% | 05/12/50 | 15 | 10,610 | ||||
5,731,158 | |||||||
Internet — 0.0% | |||||||
Alphabet, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
1.100% | 08/15/30 | 20 | 15,549 | ||||
Amazon.com, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
1.000% | 05/12/26 | 100 | 89,878 | ||||
1.200% | 06/03/27 | 20 | 17,370 | ||||
2.100% | 05/12/31 | 30 | 24,062 | ||||
2.500% | 06/03/50 | 25 | 14,624 | ||||
3.100% | 05/12/51 | 25 | 16,480 | ||||
3.150% | 08/22/27 | 45 | 41,830 | ||||
3.875% | 08/22/37 | 50 | 42,588 | ||||
Arches Buyer, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.250% | 06/01/28 | 25 | 21,339 | ||||
Expedia Group, Inc., | |||||||
Gtd. Notes, 144A | |||||||
6.250% | 05/01/25 | 3 | 3,001 | ||||
Netflix, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.375% | 11/15/26 | 18 | 17,354 | ||||
5.750% | 03/01/24 | 5 | 4,991 | ||||
309,066 | |||||||
Iron/Steel — 0.0% | |||||||
Nucor Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
2.000% | 06/01/25 | 5 | 4,696 | ||||
Steel Dynamics, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.400% | 06/15/25 | 5 | 4,695 | ||||
3.250% | 01/15/31 | 20 | 16,908 | ||||
3.250% | 10/15/50 | 5 | 3,024 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Iron/Steel (cont’d.) | |||||||
3.450% | 04/15/30 | 5 | $4,335 | ||||
33,658 | |||||||
Leisure Time — 0.2% | |||||||
Carnival Corp., | |||||||
Gtd. Notes, 144A | |||||||
5.750% | 03/01/27 | 675 | 608,344 | ||||
NCL Corp. Ltd., | |||||||
Gtd. Notes, 144A | |||||||
5.875% | 03/15/26 | 375 | 345,000 | ||||
NCL Finance Ltd., | |||||||
Gtd. Notes, 144A | |||||||
6.125% | 03/15/28 | 425 | 377,187 | ||||
Royal Caribbean Cruises Ltd., | |||||||
Gtd. Notes, 144A | |||||||
7.250% | 01/15/30 | 125 | 123,533 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
5.500% | 08/31/26 | 550 | 519,062 | ||||
Viking Cruises Ltd., | |||||||
Gtd. Notes, 144A | |||||||
5.875% | 09/15/27 | 800 | 730,160 | ||||
2,703,286 | |||||||
Lodging — 0.3% | |||||||
Las Vegas Sands Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
2.900% | 06/25/25 | 40 | 37,260 | ||||
3.200% | 08/08/24 | 105 | 101,584 | ||||
3.500% | 08/18/26 | 30 | 27,295 | ||||
Marriott International, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.600% | 04/15/24 | 30 | 29,599 | ||||
3.750% | 10/01/25 | 5 | 4,802 | ||||
Sr. Unsec’d. Notes, Series GG | |||||||
3.500% | 10/15/32 | 1,825 | 1,492,732 | ||||
MGM Resorts International, | |||||||
Gtd. Notes | |||||||
4.750% | 10/15/28(a) | 1,375 | 1,210,783 | ||||
5.500% | 04/15/27(a) | 700 | 652,881 | ||||
Sands China Ltd. (Macau), | |||||||
Sr. Unsec’d. Notes | |||||||
5.650% | 08/08/28 | 200 | 187,625 | ||||
Wynn Macau Ltd. (Macau), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.500% | 01/15/26 | 725 | 672,394 | ||||
4,416,955 | |||||||
Machinery-Construction & Mining — 0.0% | |||||||
Caterpillar Financial Services Corp., | |||||||
Sr. Unsec’d. Notes, MTN | |||||||
0.800% | 11/13/25 | 10 | 9,082 | ||||
1.100% | 09/14/27 | 10 | 8,559 | ||||
Caterpillar, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.600% | 04/09/30 | 10 | 8,567 |
A18
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Machinery-Construction & Mining (cont’d.) | |||||||
3.250% | 04/09/50 | 10 | $7,020 | ||||
33,228 | |||||||
Machinery-Diversified — 0.2% | |||||||
Chart Industries, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
7.500% | 01/01/30 | 175 | 175,898 | ||||
Deere & Co., | |||||||
Sr. Unsec’d. Notes | |||||||
3.100% | 04/15/30 | 10 | 8,792 | ||||
3.750% | 04/15/50 | 10 | 7,878 | ||||
Ingersoll Rand, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
5.700% | 08/14/33 | 1,615 | 1,558,723 | ||||
Maxim Crane Works Holdings Capital LLC, | |||||||
Sec’d. Notes, 144A | |||||||
11.500% | 09/01/28 | 500 | 487,137 | ||||
Westinghouse Air Brake Technologies Corp., | |||||||
Gtd. Notes | |||||||
4.150% | 03/15/24 | 35 | 34,659 | ||||
4.700% | 09/15/28 | 30 | 28,195 | ||||
2,301,282 | |||||||
Media — 1.5% | |||||||
AMC Networks, Inc., | |||||||
Gtd. Notes | |||||||
5.000% | 04/01/24 | 675 | 663,961 | ||||
CCO Holdings LLC/CCO Holdings Capital Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
4.500% | 05/01/32 | 450 | 353,164 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
4.500% | 08/15/30 | 5 | 4,101 | ||||
4.750% | 03/01/30 | 8 | 6,728 | ||||
5.125% | 05/01/27 | 275 | 256,129 | ||||
5.375% | 06/01/29 | 800 | 717,841 | ||||
5.500% | 05/01/26 | 1,375 | 1,327,673 | ||||
Charter Communications Operating LLC/Charter Communications Operating Capital, | |||||||
Sr. Sec’d. Notes | |||||||
2.250% | 01/15/29 | 10 | 8,153 | ||||
2.800% | 04/01/31 | 100 | 77,946 | ||||
3.500% | 06/01/41(a) | 45 | 28,192 | ||||
3.500% | 03/01/42 | 50 | 30,831 | ||||
3.700% | 04/01/51 | 1,700 | 987,184 | ||||
3.950% | 06/30/62 | 10 | 5,653 | ||||
4.200% | 03/15/28 | 30 | 27,531 | ||||
4.500% | 02/01/24 | 30 | 29,824 | ||||
4.908% | 07/23/25 | 65 | 63,521 | ||||
5.050% | 03/30/29 | 85 | 79,421 | ||||
5.375% | 05/01/47 | 20 | 15,258 | ||||
5.750% | 04/01/48 | 20 | 15,974 | ||||
6.384% | 10/23/35 | 2,487 | 2,315,477 | ||||
6.484% | 10/23/45 | 1,140 | 994,291 | ||||
Comcast Corp., | |||||||
Gtd. Notes | |||||||
2.350% | 01/15/27 | 30 | 27,184 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Media (cont’d.) | |||||||
2.650% | 02/01/30 | 10 | $8,442 | ||||
2.937% | 11/01/56 | 26 | 14,774 | ||||
3.150% | 02/15/28 | 80 | 73,064 | ||||
3.250% | 11/01/39 | 35 | 25,446 | ||||
3.900% | 03/01/38 | 25 | 20,297 | ||||
3.999% | 11/01/49 | 85 | 62,850 | ||||
4.000% | 03/01/48 | 40 | 29,982 | ||||
4.150% | 10/15/28 | 50 | 47,358 | ||||
Cox Communications, Inc., | |||||||
Gtd. Notes, 144A | |||||||
2.950% | 10/01/50 | 60 | 33,143 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
3.150% | 08/15/24 | 965 | 940,079 | ||||
3.500% | 08/15/27 | 65 | 59,390 | ||||
CSC Holdings LLC, | |||||||
Gtd. Notes, 144A | |||||||
3.375% | 02/15/31 | 1,000 | 683,826 | ||||
5.500% | 04/15/27(a) | 650 | 557,080 | ||||
Sr. Unsec’d. Notes | |||||||
5.250% | 06/01/24(a) | 750 | 713,272 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
4.625% | 12/01/30 | 1,000 | 532,299 | ||||
Diamond Sports Group LLC/Diamond Sports Finance Co., | |||||||
Gtd. Notes, 144A (original cost $401,250; purchased 07/18/19 - 09/21/20)(f) | |||||||
6.625% | 08/15/27(d) | 520 | 10,719 | ||||
Sec’d. Notes, 144A (original cost $1,322,435; purchased 07/18/19 - 08/30/22)(f) | |||||||
5.375% | 08/15/26(d) | 3,180 | 75,336 | ||||
Discovery Communications LLC, | |||||||
Gtd. Notes | |||||||
5.300% | 05/15/49 | 275 | 210,161 | ||||
DISH DBS Corp., | |||||||
Gtd. Notes | |||||||
7.375% | 07/01/28(a) | 400 | 252,734 | ||||
DISH Network Corp., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
11.750% | 11/15/27 | 1,725 | 1,730,937 | ||||
Fox Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
3.050% | 04/07/25 | 5 | 4,795 | ||||
4.030% | 01/25/24 | 30 | 29,781 | ||||
Gray Television, Inc., | |||||||
Gtd. Notes, 144A | |||||||
5.875% | 07/15/26(a) | 375 | 337,066 | ||||
NBCUniversal Media LLC, | |||||||
Gtd. Notes | |||||||
4.450% | 01/15/43 | 10 | 8,173 | ||||
Sirius XM Radio, Inc., | |||||||
Gtd. Notes, 144A | |||||||
3.125% | 09/01/26 | 15 | 13,400 | ||||
4.000% | 07/15/28 | 15 | 12,804 | ||||
TCI Communications, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
7.875% | 02/15/26 | 750 | 785,878 |
A19
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Media (cont’d.) | |||||||
Time Warner Cable LLC, | |||||||
Sr. Sec’d. Notes | |||||||
6.550% | 05/01/37 | 40 | $36,274 | ||||
TWDC Enterprises 18 Corp., | |||||||
Gtd. Notes, MTN | |||||||
1.850% | 07/30/26 | 30 | 27,245 | ||||
Univision Communications, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
5.125% | 02/15/25 | 825 | 804,694 | ||||
6.625% | 06/01/27 | 975 | 907,107 | ||||
Virgin Media Secured Finance PLC (United Kingdom), | |||||||
Sr. Sec’d. Notes | |||||||
4.125% | 08/15/30 | GBP | 900 | 862,752 | |||
4.250% | 01/15/30 | GBP | 800 | 779,752 | |||
Walt Disney Co. (The), | |||||||
Gtd. Notes | |||||||
3.800% | 03/22/30 | 85 | 76,957 | ||||
6.400% | 12/15/35 | 11 | 11,500 | ||||
7.625% | 11/30/28 | 500 | 545,704 | ||||
Ziggo BV (Netherlands), | |||||||
Sr. Sec’d. Notes | |||||||
2.875% | 01/15/30 | EUR | 610 | 520,775 | |||
19,881,883 | |||||||
Mining — 0.4% | |||||||
Barrick North America Finance LLC (Canada), | |||||||
Gtd. Notes | |||||||
5.700% | 05/30/41 | 10 | 9,561 | ||||
5.750% | 05/01/43 | 420 | 403,263 | ||||
BHP Billiton Finance USA Ltd. (Australia), | |||||||
Gtd. Notes | |||||||
6.420% | 03/01/26 | 120 | 122,178 | ||||
First Quantum Minerals Ltd. (Zambia), | |||||||
Gtd. Notes, 144A | |||||||
6.875% | 10/15/27 | 700 | 667,730 | ||||
FMG Resources August 2006 Pty Ltd. (Australia), | |||||||
Gtd. Notes, 144A | |||||||
4.375% | 04/01/31 | 25 | 20,531 | ||||
Freeport Indonesia PT (Indonesia), | |||||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
5.315% | 04/14/32 | 450 | 405,090 | ||||
Freeport-McMoRan, Inc., | |||||||
Gtd. Notes | |||||||
5.450% | 03/15/43 | 20 | 17,129 | ||||
Hecla Mining Co., | |||||||
Gtd. Notes | |||||||
7.250% | 02/15/28 | 325 | 314,480 | ||||
Kinross Gold Corp. (Canada), | |||||||
Gtd. Notes | |||||||
4.500% | 07/15/27 | 25 | 23,737 | ||||
Newmont Corp., | |||||||
Gtd. Notes | |||||||
2.250% | 10/01/30 | 5 | 3,985 | ||||
2.800% | 10/01/29 | 3,030 | 2,566,285 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Mining (cont’d.) | |||||||
Southern Copper Corp. (Mexico), | |||||||
Sr. Unsec’d. Notes | |||||||
3.875% | 04/23/25 | 50 | $47,991 | ||||
Yamana Gold, Inc. (Canada), | |||||||
Gtd. Notes | |||||||
4.625% | 12/15/27 | 45 | 41,983 | ||||
4,643,943 | |||||||
Miscellaneous Manufacturing — 0.0% | |||||||
Carlisle Cos., Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.200% | 03/01/32 | 15 | 11,352 | ||||
Hillenbrand, Inc., | |||||||
Gtd. Notes | |||||||
5.000% | 09/15/26 | 100 | 94,620 | ||||
Pentair Finance Sarl, | |||||||
Gtd. Notes | |||||||
4.500% | 07/01/29 | 50 | 45,915 | ||||
Teledyne Technologies, Inc., | |||||||
Gtd. Notes | |||||||
2.750% | 04/01/31 | 60 | 48,482 | ||||
Textron, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.450% | 03/15/31 | 64 | 50,883 | ||||
251,252 | |||||||
Multi-National — 0.1% | |||||||
Inter-American Development Bank (Supranational Bank), | |||||||
Unsec’d. Notes | |||||||
6.950% | 08/01/26 | 1,500 | 1,567,177 | ||||
Office/Business Equipment — 0.0% | |||||||
CDW LLC/CDW Finance Corp., | |||||||
Gtd. Notes | |||||||
2.670% | 12/01/26 | 20 | 18,036 | ||||
3.276% | 12/01/28 | 25 | 21,569 | ||||
5.500% | 12/01/24 | 14 | 13,848 | ||||
53,453 | |||||||
Oil & Gas — 2.1% | |||||||
Aker BP ASA (Norway), | |||||||
Gtd. Notes, 144A | |||||||
3.100% | 07/15/31 | 705 | 564,406 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
5.600% | 06/13/28 | 4,000 | 3,900,169 | ||||
Ascent Resources Utica Holdings LLC/ARU Finance Corp., | |||||||
Gtd. Notes, 144A | |||||||
7.000% | 11/01/26 | 350 | 342,206 | ||||
9.000% | 11/01/27 | 179 | 226,759 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
8.250% | 12/31/28 | 450 | 444,403 | ||||
BP Capital Markets America, Inc., | |||||||
Gtd. Notes | |||||||
1.749% | 08/10/30 | 10 | 7,891 | ||||
2.772% | 11/10/50 | 145 | 85,344 | ||||
2.939% | 06/04/51 | 1,845 | 1,124,882 | ||||
3.000% | 02/24/50 | 60 | 37,400 |
A20
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Oil & Gas (cont’d.) | |||||||
3.060% | 06/17/41 | 7 | $4,832 | ||||
3.379% | 02/08/61 | 5 | 3,113 | ||||
4.234% | 11/06/28 | 50 | 47,504 | ||||
Canadian Natural Resources Ltd. (Canada), | |||||||
Sr. Unsec’d. Notes | |||||||
2.950% | 07/15/30 | 10 | 8,305 | ||||
Cenovus Energy, Inc. (Canada), | |||||||
Sr. Unsec’d. Notes | |||||||
3.750% | 02/15/52 | 340 | 223,163 | ||||
5.250% | 06/15/37 | 12 | 10,606 | ||||
5.400% | 06/15/47 | 613 | 525,530 | ||||
Chevron Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
2.954% | 05/16/26 | 20 | 18,898 | ||||
3.078% | 05/11/50 | 10 | 6,710 | ||||
Chevron USA, Inc., | |||||||
Gtd. Notes | |||||||
1.018% | 08/12/27 | 10 | 8,581 | ||||
2.343% | 08/12/50 | 10 | 5,655 | ||||
3.850% | 01/15/28 | 10 | 9,500 | ||||
3.900% | 11/15/24 | 50 | 49,137 | ||||
Cimarex Energy Co., | |||||||
Sr. Unsec’d. Notes | |||||||
4.375% | 03/15/29 | 10 | 8,039 | ||||
CITGO Petroleum Corp., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
7.000% | 06/15/25 | 800 | 788,187 | ||||
Civitas Resources, Inc., | |||||||
Gtd. Notes, 144A | |||||||
8.375% | 07/01/28 | 250 | 254,347 | ||||
CNX Resources Corp., | |||||||
Gtd. Notes, 144A | |||||||
7.250% | 03/14/27 | 675 | 665,973 | ||||
Continental Resources, Inc., | |||||||
Gtd. Notes | |||||||
3.800% | 06/01/24 | 10 | 9,826 | ||||
Gtd. Notes, 144A | |||||||
2.268% | 11/15/26 | 10 | 8,860 | ||||
Devon Energy Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
4.500% | 01/15/30 | 6 | 5,440 | ||||
4.750% | 05/15/42 | 6 | 4,765 | ||||
5.250% | 09/15/24 | 2 | 1,985 | ||||
5.250% | 10/15/27 | 15 | 14,588 | ||||
5.600% | 07/15/41 | 870 | 767,521 | ||||
5.850% | 12/15/25 | 30 | 29,815 | ||||
Devon OEI Operating LLC, | |||||||
Sr. Unsec’d. Notes | |||||||
7.500% | 09/15/27 | 20 | 20,734 | ||||
Diamondback Energy, Inc., | |||||||
Gtd. Notes | |||||||
3.125% | 03/24/31 | 25 | 20,849 | ||||
3.250% | 12/01/26 | 20 | 18,682 | ||||
Ecopetrol SA (Colombia), | |||||||
Sr. Unsec’d. Notes | |||||||
6.875% | 04/29/30 | 497 | 451,773 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Oil & Gas (cont’d.) | |||||||
8.625% | 01/19/29 | 1,840 | $1,842,024 | ||||
8.875% | 01/13/33 | 495 | 482,241 | ||||
Endeavor Energy Resources LP/EER Finance, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.750% | 01/30/28 | 1,300 | 1,254,060 | ||||
Energian Israel Finance Ltd. (Israel), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.875% | 03/30/26 | 547 | 507,818 | ||||
5.375% | 03/30/28 | 1,073 | 962,181 | ||||
EOG Resources, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.375% | 04/15/30 | 15 | 14,142 | ||||
EQT Corp., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.125% | 05/15/26 | 10 | 9,266 | ||||
Equinor ASA (Norway), | |||||||
Gtd. Notes | |||||||
1.750% | 01/22/26 | 10 | 9,223 | ||||
Exxon Mobil Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
2.992% | 03/19/25 | 15 | 14,486 | ||||
3.452% | 04/15/51 | 25 | 17,407 | ||||
3.482% | 03/19/30 | 10 | 9,015 | ||||
Helmerich & Payne, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.900% | 09/29/31 | 25 | 19,729 | ||||
Hess Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
4.300% | 04/01/27 | 45 | 42,743 | ||||
5.600% | 02/15/41 | 15 | 13,547 | ||||
7.300% | 08/15/31 | 5 | 5,299 | ||||
KazMunayGas National Co. JSC (Kazakhstan), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.750% | 04/19/27 | 200 | 187,164 | ||||
Marathon Petroleum Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
5.125% | 12/15/26 | 50 | 49,190 | ||||
MEG Energy Corp. (Canada), | |||||||
Gtd. Notes, 144A | |||||||
7.125% | 02/01/27 | 300 | 304,176 | ||||
Petrobras Global Finance BV (Brazil), | |||||||
Gtd. Notes | |||||||
6.625% | 01/16/34 | GBP | 680 | 728,490 | |||
Petroleos Mexicanos (Mexico), | |||||||
Gtd. Notes | |||||||
3.625% | 11/24/25 | EUR | 500 | 472,702 | |||
4.750% | 02/26/29 | EUR | 100 | 79,816 | |||
5.950% | 01/28/31 | 20 | 14,240 | ||||
6.490% | 01/23/27 | 1,550 | 1,367,875 | ||||
6.500% | 03/13/27 | 1,753 | 1,537,232 | ||||
6.500% | 01/23/29 | 600 | 485,454 | ||||
6.700% | 02/16/32 | 16 | 11,848 | ||||
6.840% | 01/23/30 | 800 | 623,300 | ||||
Gtd. Notes, EMTN | |||||||
3.750% | 02/21/24 | EUR | 280 | 291,403 | |||
4.875% | 02/21/28 | EUR | 1,587 | 1,343,358 |
A21
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Oil & Gas (cont’d.) | |||||||
Phillips 66, | |||||||
Gtd. Notes | |||||||
1.300% | 02/15/26 | 22 | $19,882 | ||||
2.150% | 12/15/30 | 53 | 41,686 | ||||
Phillips 66 Co., | |||||||
Gtd. Notes | |||||||
2.450% | 12/15/24 | 50 | 47,956 | ||||
4.680% | 02/15/45 | 1,900 | 1,512,639 | ||||
Pioneer Natural Resources Co., | |||||||
Sr. Unsec’d. Notes | |||||||
1.125% | 01/15/26 | 25 | 22,577 | ||||
1.900% | 08/15/30 | 795 | 623,179 | ||||
2.150% | 01/15/31 | 5 | 3,944 | ||||
Shell International Finance BV (Netherlands), | |||||||
Gtd. Notes | |||||||
3.250% | 04/06/50 | 10 | 6,607 | ||||
4.000% | 05/10/46 | 20 | 15,507 | ||||
Southwestern Energy Co., | |||||||
Gtd. Notes | |||||||
4.750% | 02/01/32(a) | 525 | 450,382 | ||||
TotalEnergies Capital International SA (France), | |||||||
Gtd. Notes | |||||||
3.127% | 05/29/50 | 4 | 2,615 | ||||
Transocean, Inc., | |||||||
Gtd. Notes, 144A | |||||||
8.000% | 02/01/27 | 125 | 120,312 | ||||
Valero Energy Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
2.150% | 09/15/27 | 845 | 744,070 | ||||
27,037,163 | |||||||
Oil & Gas Services — 0.0% | |||||||
Cameron International Corp., | |||||||
Gtd. Notes | |||||||
7.000% | 07/15/38 | 450 | 449,105 | ||||
Halliburton Co., | |||||||
Sr. Unsec’d. Notes | |||||||
2.920% | 03/01/30 | 6 | 5,113 | ||||
3.800% | 11/15/25 | 8 | 7,735 | ||||
461,953 | |||||||
Packaging & Containers — 0.2% | |||||||
Amcor Flexibles North America, Inc., | |||||||
Gtd. Notes | |||||||
2.630% | 06/19/30 | 55 | 44,439 | ||||
Ball Corp., | |||||||
Gtd. Notes | |||||||
6.000% | 06/15/29(a) | 875 | 850,938 | ||||
Berry Global, Inc., | |||||||
Sr. Sec’d. Notes | |||||||
1.570% | 01/15/26 | 90 | 81,337 | ||||
Sr. Sec’d. Notes, 144A | |||||||
4.875% | 07/15/26 | 20 | 19,128 | ||||
Graphic Packaging International LLC, | |||||||
Gtd. Notes | |||||||
4.125% | 08/15/24 | 575 | 562,226 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Packaging & Containers (cont’d.) | |||||||
Sr. Sec’d. Notes, 144A | |||||||
1.512% | 04/15/26 | 30 | $26,491 | ||||
Pactiv Evergreen Group Issuer LLC/Pactiv Evergreen Group Issuer, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.375% | 10/15/28 | 1,450 | 1,260,281 | ||||
Sealed Air Corp./Sealed Air Corp. US, | |||||||
Gtd. Notes, 144A | |||||||
6.125% | 02/01/28(a) | 100 | 96,809 | ||||
WRKCo, Inc., | |||||||
Gtd. Notes | |||||||
4.650% | 03/15/26 | 25 | 24,207 | ||||
4.900% | 03/15/29 | 15 | 14,305 | ||||
2,980,161 | |||||||
Pharmaceuticals — 1.7% | |||||||
AbbVie, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.950% | 11/21/26 | 300 | 278,484 | ||||
3.200% | 11/21/29 | 59 | 52,055 | ||||
3.800% | 03/15/25 | 1,040 | 1,010,990 | ||||
4.050% | 11/21/39 | 5,170 | 4,220,870 | ||||
4.250% | 11/14/28 | 50 | 47,507 | ||||
4.300% | 05/14/36 | 10 | 8,771 | ||||
4.500% | 05/14/35 | 1,715 | 1,548,507 | ||||
4.550% | 03/15/35 | 2,040 | 1,855,596 | ||||
4.875% | 11/14/48 | 35 | 30,611 | ||||
Astrazeneca Finance LLC (United Kingdom), | |||||||
Gtd. Notes | |||||||
2.250% | 05/28/31 | 8 | 6,441 | ||||
AstraZeneca PLC (United Kingdom), | |||||||
Sr. Unsec’d. Notes | |||||||
0.700% | 04/08/26 | 45 | 40,107 | ||||
Bausch Health Americas, Inc., | |||||||
Gtd. Notes, 144A | |||||||
8.500% | 01/31/27 | 320 | 162,462 | ||||
Bausch Health Cos., Inc., | |||||||
Gtd. Notes, 144A | |||||||
5.000% | 01/30/28 | 430 | 174,288 | ||||
5.000% | 02/15/29 | 250 | 98,750 | ||||
5.250% | 01/30/30 | 325 | 122,078 | ||||
5.250% | 02/15/31 | 225 | 86,344 | ||||
6.250% | 02/15/29 | 1,150 | 454,250 | ||||
Becton, Dickinson & Co., | |||||||
Sr. Unsec’d. Notes | |||||||
1.957% | 02/11/31 | 20 | 15,636 | ||||
3.700% | 06/06/27 | 136 | 127,464 | ||||
3.794% | 05/20/50 | 27 | 19,420 | ||||
4.685% | 12/15/44 | 9 | 7,561 | ||||
Bristol-Myers Squibb Co., | |||||||
Sr. Unsec’d. Notes | |||||||
2.350% | 11/13/40 | 10 | 6,327 | ||||
Cigna Group (The), | |||||||
Gtd. Notes | |||||||
3.250% | 04/15/25 | 20 | 19,228 | ||||
3.875% | 10/15/47 | 20 | 14,230 | ||||
4.375% | 10/15/28 | 1,390 | 1,313,378 |
A22
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Pharmaceuticals (cont’d.) | |||||||
4.500% | 02/25/26 | 3,690 | $3,587,608 | ||||
Sr. Unsec’d. Notes | |||||||
2.400% | 03/15/30 | 140 | 114,628 | ||||
3.200% | 03/15/40 | 460 | 323,156 | ||||
CVS Health Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
1.750% | 08/21/30 | 60 | 46,112 | ||||
2.125% | 09/15/31 | 40 | 30,582 | ||||
2.625% | 08/15/24 | 100 | 97,201 | ||||
2.700% | 08/21/40 | 480 | 303,851 | ||||
3.000% | 08/15/26 | 12 | 11,156 | ||||
3.625% | 04/01/27 | 50 | 46,703 | ||||
3.750% | 04/01/30 | 110 | 97,261 | ||||
5.000% | 01/30/29 | 98 | 94,811 | ||||
Johnson & Johnson, | |||||||
Sr. Unsec’d. Notes | |||||||
2.100% | 09/01/40 | 10 | 6,369 | ||||
Merck & Co., Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
1.450% | 06/24/30 | 25 | 19,574 | ||||
2.350% | 06/24/40 | 10 | 6,536 | ||||
2.750% | 12/10/51 | 15 | 9,061 | ||||
Mylan, Inc., | |||||||
Gtd. Notes | |||||||
5.200% | 04/15/48 | 890 | 644,988 | ||||
Novartis Capital Corp. (Switzerland), | |||||||
Gtd. Notes | |||||||
2.750% | 08/14/50 | 10 | 6,353 | ||||
Organon & Co./Organon Foreign Debt Co-Issuer BV, | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.125% | 04/30/31 | 800 | 641,543 | ||||
Pfizer, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.000% | 12/15/26 | 20 | 18,720 | ||||
Shire Acquisitions Investments Ireland DAC, | |||||||
Gtd. Notes | |||||||
3.200% | 09/23/26 | 3,785 | 3,531,342 | ||||
Takeda Pharmaceutical Co. Ltd. (Japan), | |||||||
Sr. Unsec’d. Notes | |||||||
3.025% | 07/09/40 | 525 | 365,282 | ||||
Utah Acquisition Sub, Inc., | |||||||
Gtd. Notes | |||||||
3.950% | 06/15/26 | 30 | 28,089 | ||||
5.250% | 06/15/46 | 185 | 135,855 | ||||
Viatris, Inc., | |||||||
Gtd. Notes | |||||||
3.850% | 06/22/40 | 5 | 3,253 | ||||
4.000% | 06/22/50 | 1,292 | 780,226 | ||||
Zoetis, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.900% | 08/20/28 | 30 | 28,169 | ||||
22,699,784 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Pipelines — 2.1% | |||||||
Boardwalk Pipelines LP, | |||||||
Gtd. Notes | |||||||
3.400% | 02/15/31 | 1,805 | $1,497,069 | ||||
4.450% | 07/15/27 | 60 | 56,484 | ||||
Columbia Pipelines Operating Co. LLC, | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
6.036% | 11/15/33 | 1,200 | 1,172,336 | ||||
DCP Midstream Operating LP, | |||||||
Gtd. Notes | |||||||
3.250% | 02/15/32 | 18 | 14,485 | ||||
Energy Transfer LP, | |||||||
Jr. Sub. Notes, Series B | |||||||
6.625%(ff) | 02/15/28(oo) | 10 | 8,010 | ||||
Jr. Sub. Notes, Series G | |||||||
7.125%(ff) | 05/15/30(oo) | 895 | 772,162 | ||||
Jr. Sub. Notes, Series H | |||||||
6.500%(ff) | 11/15/26(oo) | 1,365 | 1,256,991 | ||||
Sr. Unsec’d. Notes | |||||||
2.900% | 05/15/25 | 5 | 4,749 | ||||
3.750% | 05/15/30 | 60 | 52,306 | ||||
4.050% | 03/15/25 | 50 | 48,600 | ||||
4.200% | 04/15/27 | 120 | 112,996 | ||||
4.250% | 04/01/24 | 5 | 4,950 | ||||
4.900% | 02/01/24 | 10 | 9,957 | ||||
4.950% | 06/15/28 | 20 | 19,104 | ||||
5.000% | 05/15/50 | 293 | 229,605 | ||||
5.150% | 03/15/45 | 55 | 44,065 | ||||
5.250% | 04/15/29 | 25 | 23,968 | ||||
5.300% | 04/15/47 | 120 | 97,208 | ||||
5.400% | 10/01/47 | 60 | 49,347 | ||||
5.500% | 06/01/27 | 50 | 49,157 | ||||
6.100% | 02/15/42 | 5 | 4,532 | ||||
6.125% | 12/15/45 | 90 | 80,371 | ||||
6.250% | 04/15/49 | 3,633 | 3,333,273 | ||||
Sr. Unsec’d. Notes, Series 20Y | |||||||
5.800% | 06/15/38 | 20 | 18,247 | ||||
Enterprise Products Operating LLC, | |||||||
Gtd. Notes | |||||||
2.800% | 01/31/30 | 5 | 4,248 | ||||
3.125% | 07/31/29 | 30 | 26,347 | ||||
3.700% | 01/31/51 | 145 | 102,100 | ||||
3.950% | 01/31/60 | 800 | 562,177 | ||||
4.150% | 10/16/28 | 30 | 28,098 | ||||
4.250% | 02/15/48 | 45 | 35,206 | ||||
4.800% | 02/01/49 | 30 | 25,425 | ||||
4.850% | 03/15/44 | 25 | 21,496 | ||||
4.900% | 05/15/46 | 2,115 | 1,801,533 | ||||
Gtd. Notes, Series D | |||||||
6.875% | 03/01/33 | 10 | 10,762 | ||||
Fermaca Enterprises S de RL de CV (Mexico), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.375% | 03/30/38 | 327 | 314,941 | ||||
Florida Gas Transmission Co. LLC, | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
2.300% | 10/01/31 | 30 | 22,828 |
A23
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Pipelines (cont’d.) | |||||||
Kinder Morgan Energy Partners LP, | |||||||
Gtd. Notes | |||||||
4.300% | 05/01/24 | 30 | $29,682 | ||||
4.700% | 11/01/42 | 5 | 3,877 | ||||
5.400% | 09/01/44 | 13 | 10,939 | ||||
7.300% | 08/15/33 | 10 | 10,495 | ||||
Kinder Morgan, Inc., | |||||||
Gtd. Notes | |||||||
1.750% | 11/15/26 | 30 | 26,689 | ||||
3.250% | 08/01/50 | 782 | 466,165 | ||||
3.600% | 02/15/51 | 1,178 | 745,080 | ||||
4.300% | 06/01/25 | 30 | 29,212 | ||||
5.300% | 12/01/34 | 23 | 21,065 | ||||
Gtd. Notes, 144A | |||||||
5.625% | 11/15/23 | 37 | 36,959 | ||||
Magellan Midstream Partners LP, | |||||||
Sr. Unsec’d. Notes | |||||||
4.200% | 03/15/45 | 1,000 | 668,376 | ||||
MPLX LP, | |||||||
Sr. Unsec’d. Notes | |||||||
1.750% | 03/01/26 | 85 | 77,073 | ||||
2.650% | 08/15/30 | 30 | 24,208 | ||||
4.000% | 02/15/25 | 55 | 53,451 | ||||
4.125% | 03/01/27 | 30 | 28,369 | ||||
4.500% | 04/15/38 | 970 | 784,175 | ||||
4.800% | 02/15/29 | 40 | 37,917 | ||||
4.875% | 06/01/25 | 10 | 9,805 | ||||
4.950% | 03/14/52 | 15 | 11,675 | ||||
5.200% | 03/01/47 | 115 | 93,694 | ||||
5.500% | 02/15/49 | 40 | 33,866 | ||||
NGPL PipeCo LLC, | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.875% | 08/15/27 | 255 | 240,504 | ||||
Northern Natural Gas Co., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.400% | 10/16/51 | 5 | 3,121 | ||||
Northwest Pipeline LLC, | |||||||
Sr. Unsec’d. Notes | |||||||
7.125% | 12/01/25 | 40 | 40,340 | ||||
ONEOK Partners LP, | |||||||
Gtd. Notes | |||||||
6.850% | 10/15/37 | 1,250 | 1,262,835 | ||||
ONEOK, Inc., | |||||||
Gtd. Notes | |||||||
2.200% | 09/15/25 | 50 | 46,512 | ||||
3.100% | 03/15/30 | 75 | 62,775 | ||||
4.350% | 03/15/29 | 100 | 92,022 | ||||
4.500% | 03/15/50 | 2,685 | 1,944,655 | ||||
4.950% | 07/13/47 | 450 | 354,800 | ||||
Plains All American Pipeline LP/PAA Finance Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
3.550% | 12/15/29 | 20 | 17,164 | ||||
3.850% | 10/15/23 | 40 | 39,948 | ||||
4.650% | 10/15/25 | 10 | 9,707 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Pipelines (cont’d.) | |||||||
Rockies Express Pipeline LLC, | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.600% | 05/15/25 | 75 | $70,717 | ||||
Southern Natural Gas Co. LLC, | |||||||
Sr. Unsec’d. Notes | |||||||
8.000% | 03/01/32 | 10 | 10,988 | ||||
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., | |||||||
Gtd. Notes, 144A | |||||||
7.500% | 10/01/25 | 1,150 | 1,147,188 | ||||
Targa Resources Corp., | |||||||
Gtd. Notes | |||||||
4.950% | 04/15/52 | 3,746 | 2,880,180 | ||||
Targa Resources Partners LP/Targa Resources Partners Finance Corp., | |||||||
Gtd. Notes | |||||||
5.500% | 03/01/30 | 15 | 14,028 | ||||
Tennessee Gas Pipeline Co. LLC, | |||||||
Gtd. Notes | |||||||
7.000% | 03/15/27 | 10 | 10,305 | ||||
7.000% | 10/15/28 | 10 | 10,374 | ||||
Gtd. Notes, 144A | |||||||
2.900% | 03/01/30 | 10 | 8,356 | ||||
Transcontinental Gas Pipe Line Co. LLC, | |||||||
Sr. Unsec’d. Notes | |||||||
3.250% | 05/15/30 | 80 | 68,565 | ||||
Venture Global Calcasieu Pass LLC, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.875% | 08/15/29 | 115 | 96,741 | ||||
4.125% | 08/15/31 | 80 | 65,661 | ||||
Western Midstream Operating LP, | |||||||
Sr. Unsec’d. Notes | |||||||
5.250%(cc) | 02/01/50 | 5 | 3,869 | ||||
5.450% | 04/01/44 | 575 | 463,882 | ||||
6.150% | 04/01/33 | 3,000 | 2,895,475 | ||||
Williams Cos., Inc. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
2.600% | 03/15/31 | 30 | 23,882 | ||||
3.750% | 06/15/27 | 25 | 23,257 | ||||
4.000% | 09/15/25 | 60 | 57,794 | ||||
4.900% | 01/15/45 | 1,200 | 961,808 | ||||
5.300% | 08/15/52 | 30 | 25,525 | ||||
8.750% | 03/15/32 | 10 | 11,340 | ||||
28,082,223 | |||||||
Real Estate Investment Trusts (REITs) — 0.8% | |||||||
Alexandria Real Estate Equities, Inc., | |||||||
Gtd. Notes | |||||||
1.875% | 02/01/33 | 5 | 3,541 | ||||
2.000% | 05/18/32 | 5 | 3,635 | ||||
3.800% | 04/15/26 | 25 | 23,801 | ||||
American Tower Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
1.300% | 09/15/25 | 25 | 22,856 | ||||
1.600% | 04/15/26 | 50 | 44,931 | ||||
2.700% | 04/15/31 | 90 | 71,378 | ||||
3.600% | 01/15/28 | 17 | 15,437 | ||||
4.000% | 06/01/25 | 75 | 72,551 |
A24
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Real Estate Investment Trusts (REITs) (cont’d.) | |||||||
4.400% | 02/15/26 | 25 | $24,205 | ||||
Brixmor Operating Partnership LP, | |||||||
Sr. Unsec’d. Notes | |||||||
3.900% | 03/15/27 | 35 | 32,226 | ||||
4.050% | 07/01/30 | 1,145 | 999,831 | ||||
Crown Castle, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
1.350% | 07/15/25 | 25 | 23,027 | ||||
2.250% | 01/15/31 | 75 | 58,221 | ||||
2.500% | 07/15/31 | 35 | 27,254 | ||||
3.300% | 07/01/30 | 30 | 25,310 | ||||
4.000% | 03/01/27 | 10 | 9,385 | ||||
5.200% | 02/15/49 | 10 | 8,349 | ||||
Diversified Healthcare Trust, | |||||||
Gtd. Notes | |||||||
9.750% | 06/15/25 | 275 | 265,432 | ||||
Essex Portfolio LP, | |||||||
Gtd. Notes | |||||||
1.650% | 01/15/31 | 25 | 18,337 | ||||
Global Net Lease, Inc./Global Net Lease Operating Partnership LP, | |||||||
Gtd. Notes, 144A | |||||||
3.750% | 12/15/27 | 20 | 15,491 | ||||
GLP Capital LP/GLP Financing II, Inc., | |||||||
Gtd. Notes | |||||||
3.350% | 09/01/24 | 70 | 68,034 | ||||
4.000% | 01/15/30 | 50 | 42,504 | ||||
4.000% | 01/15/31 | 10 | 8,324 | ||||
5.250% | 06/01/25 | 50 | 48,986 | ||||
5.750% | 06/01/28 | 50 | 47,931 | ||||
Healthpeak OP LLC, | |||||||
Gtd. Notes | |||||||
1.350% | 02/01/27 | 15 | 13,038 | ||||
Host Hotels & Resorts LP, | |||||||
Sr. Unsec’d. Notes, Series E | |||||||
4.000% | 06/15/25 | 40 | 38,448 | ||||
Kimco Realty OP LLC, | |||||||
Gtd. Notes | |||||||
2.250% | 12/01/31 | 20 | 14,992 | ||||
MPT Operating Partnership LP/MPT Finance Corp., | |||||||
Gtd. Notes | |||||||
0.993% | 10/15/26 | EUR | 362 | 267,907 | |||
3.500% | 03/15/31 | 925 | 578,019 | ||||
Necessity Retail REIT, Inc. (The)/American Finance Operating Partner LP, | |||||||
Gtd. Notes, 144A | |||||||
4.500% | 09/30/28 | 10 | 7,600 | ||||
Prologis LP, | |||||||
Sr. Unsec’d. Notes | |||||||
1.250% | 10/15/30 | 10 | 7,467 | ||||
1.750% | 02/01/31 | 25 | 19,148 | ||||
Realty Income Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
1.800% | 03/15/33 | 15 | 10,526 | ||||
2.200% | 06/15/28 | 5 | 4,256 | ||||
2.850% | 12/15/32 | 530 | 411,923 | ||||
3.950% | 08/15/27 | 91 | 85,145 | ||||
4.875% | 06/01/26 | 50 | 48,950 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Real Estate Investment Trusts (REITs) (cont’d.) | |||||||
Simon Property Group LP, | |||||||
Sr. Unsec’d. Notes | |||||||
1.750% | 02/01/28 | 50 | $42,419 | ||||
3.250% | 11/30/26 | 20 | 18,603 | ||||
Spirit Realty LP, | |||||||
Gtd. Notes | |||||||
2.100% | 03/15/28 | 15 | 12,622 | ||||
2.700% | 02/15/32 | 2,190 | 1,666,176 | ||||
Sun Communities Operating LP, | |||||||
Gtd. Notes | |||||||
4.200% | 04/15/32 | 4,361 | 3,717,760 | ||||
Ventas Realty LP, | |||||||
Gtd. Notes | |||||||
3.000% | 01/15/30 | 5 | 4,146 | ||||
VICI Properties LP/VICI Note Co., Inc., | |||||||
Gtd. Notes, 144A | |||||||
3.500% | 02/15/25 | 25 | 23,945 | ||||
4.625% | 06/15/25(a) | 405 | 391,396 | ||||
Welltower OP LLC, | |||||||
Gtd. Notes | |||||||
2.050% | 01/15/29 | 15 | 12,382 | ||||
2.700% | 02/15/27 | 25 | 22,732 | ||||
2.800% | 06/01/31 | 35 | 27,940 | ||||
Weyerhaeuser Co., | |||||||
Sr. Unsec’d. Notes | |||||||
7.375% | 03/15/32 | 6 | 6,497 | ||||
WP Carey, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.250% | 04/01/33 | 1,930 | 1,380,022 | ||||
10,815,036 | |||||||
Retail — 0.5% | |||||||
1011778 BC ULC/New Red Finance, Inc. (Canada), | |||||||
Sec’d. Notes, 144A | |||||||
4.000% | 10/15/30 | 1,500 | 1,246,875 | ||||
Alimentation Couche-Tard, Inc. (Canada), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.800% | 01/25/50 | 20 | 12,964 | ||||
At Home Group, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.875% | 07/15/28 | 275 | 110,356 | ||||
AutoNation, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.400% | 08/01/31 | 25 | 18,450 | ||||
Brinker International, Inc., | |||||||
Gtd. Notes, 144A | |||||||
8.250% | 07/15/30 | 950 | 914,431 | ||||
eG Global Finance PLC (United Kingdom), | |||||||
Sr. Sec’d. Notes | |||||||
6.250% | 10/30/25 | EUR | 1,480 | 1,514,097 | |||
Home Depot, Inc. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
3.350% | 04/15/50 | 5 | 3,407 | ||||
3.900% | 12/06/28 | 10 | 9,426 | ||||
4.875% | 02/15/44 | 10 | 8,937 |
A25
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Retail (cont’d.) | |||||||
Lowe’s Cos., Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
1.300% | 04/15/28 | 65 | $54,082 | ||||
1.700% | 09/15/28 | 20 | 16,690 | ||||
1.700% | 10/15/30 | 10 | 7,665 | ||||
3.650% | 04/05/29 | 30 | 27,228 | ||||
McDonald’s Corp., | |||||||
Sr. Unsec’d. Notes, MTN | |||||||
3.800% | 04/01/28 | 30 | 28,183 | ||||
Nordstrom, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.300% | 04/08/24 | 20 | 19,575 | ||||
O’Reilly Automotive, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
1.750% | 03/15/31 | 2,155 | 1,642,044 | ||||
Ross Stores, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.600% | 04/15/25 | 50 | 48,991 | ||||
4.700% | 04/15/27 | 2 | 1,922 | ||||
Sally Holdings LLC/Sally Capital, Inc., | |||||||
Gtd. Notes | |||||||
5.625% | 12/01/25 | 454 | 442,341 | ||||
Tractor Supply Co., | |||||||
Sr. Unsec’d. Notes | |||||||
1.750% | 11/01/30 | 55 | 41,791 | ||||
Walmart, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.375% | 09/24/29 | 2 | 1,737 | ||||
2.500% | 09/22/41 | 15 | 10,009 | ||||
6,181,201 | |||||||
Semiconductors — 0.4% | |||||||
Analog Devices, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.950% | 04/01/25 | 5 | 4,813 | ||||
Broadcom Corp./Broadcom Cayman Finance Ltd., | |||||||
Gtd. Notes | |||||||
3.875% | 01/15/27 | 80 | 75,208 | ||||
Broadcom, Inc., | |||||||
Gtd. Notes | |||||||
4.150% | 11/15/30 | 9 | 7,973 | ||||
Gtd. Notes, 144A | |||||||
2.450% | 02/15/31 | 30 | 23,423 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
3.137% | 11/15/35 | 3,006 | 2,190,751 | ||||
3.187% | 11/15/36 | 110 | 78,888 | ||||
3.419% | 04/15/33 | 1,442 | 1,149,228 | ||||
3.469% | 04/15/34 | 50 | 39,213 | ||||
Intel Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
2.800% | 08/12/41 | 5 | 3,266 | ||||
3.050% | 08/12/51 | 15 | 9,057 | ||||
3.100% | 02/15/60 | 10 | 5,744 | ||||
3.900% | 03/25/30 | 20 | 18,231 | ||||
5.900% | 02/10/63 | 630 | 597,474 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Semiconductors (cont’d.) | |||||||
Lam Research Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
1.900% | 06/15/30 | 25 | $20,045 | ||||
Microchip Technology, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
0.972% | 02/15/24 | 65 | 63,817 | ||||
NVIDIA Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
1.550% | 06/15/28 | 30 | 25,596 | ||||
3.500% | 04/01/40 | 10 | 7,882 | ||||
NXP BV/NXP Funding LLC (China), | |||||||
Gtd. Notes | |||||||
4.875% | 03/01/24 | 75 | 74,483 | ||||
NXP BV/NXP Funding LLC/NXP USA, Inc. (China), | |||||||
Gtd. Notes | |||||||
2.500% | 05/11/31 | 65 | 50,604 | ||||
2.650% | 02/15/32 | 35 | 26,924 | ||||
3.400% | 05/01/30 | 40 | 34,237 | ||||
4.300% | 06/18/29 | 110 | 100,615 | ||||
Texas Instruments, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.700% | 09/15/51 | 5 | 3,018 | ||||
2.900% | 11/03/27 | 10 | 9,167 | ||||
4,619,657 | |||||||
Shipbuilding — 0.0% | |||||||
Huntington Ingalls Industries, Inc., | |||||||
Gtd. Notes | |||||||
4.200% | 05/01/30 | 20 | 18,044 | ||||
Software — 0.7% | |||||||
Autodesk, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.400% | 12/15/31 | 30 | 23,606 | ||||
Boxer Parent Co., Inc., | |||||||
Sec’d. Notes, 144A | |||||||
9.125% | 03/01/26 | 850 | 848,030 | ||||
Electronic Arts, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
1.850% | 02/15/31 | 65 | 50,384 | ||||
Fidelity National Information Services, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.100% | 03/01/41 | 10 | 6,604 | ||||
Fiserv, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.250% | 06/01/27 | 21 | 18,624 | ||||
2.750% | 07/01/24 | 50 | 48,792 | ||||
3.500% | 07/01/29 | 40 | 35,608 | ||||
3.800% | 10/01/23 | 15 | 15,000 | ||||
Microsoft Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
2.400% | 08/08/26 | 10 | 9,289 | ||||
2.525% | 06/01/50 | 1,842 | 1,121,598 | ||||
2.921% | 03/17/52 | 89 | 58,394 | ||||
Oracle Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
1.650% | 03/25/26 | 80 | 72,437 |
A26
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Software (cont’d.) | |||||||
2.650% | 07/15/26 | 50 | $46,094 | ||||
2.950% | 04/01/30 | 100 | 83,984 | ||||
3.600% | 04/01/50 | 3,500 | 2,262,079 | ||||
3.850% | 04/01/60 | 5 | 3,187 | ||||
3.950% | 03/25/51 | 5 | 3,427 | ||||
4.000% | 11/15/47 | 25 | 17,481 | ||||
5.550% | 02/06/53 | 735 | 644,189 | ||||
Salesforce, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
1.500% | 07/15/28 | 10 | 8,500 | ||||
Take-Two Interactive Software, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
5.000% | 03/28/26(a) | 3,360 | 3,295,670 | ||||
8,672,977 | |||||||
Telecommunications — 1.3% | |||||||
AT&T, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
1.700% | 03/25/26 | 200 | 181,456 | ||||
2.250% | 02/01/32 | 45 | 33,869 | ||||
2.300% | 06/01/27(a) | 75 | 66,416 | ||||
2.550% | 12/01/33 | 347 | 254,704 | ||||
2.750% | 06/01/31 | 110 | 88,115 | ||||
3.500% | 09/15/53 | 2,881 | 1,780,041 | ||||
3.550% | 09/15/55 | 972 | 595,809 | ||||
3.650% | 09/15/59 | 180 | 109,391 | ||||
3.800% | 12/01/57 | 13 | 8,233 | ||||
4.250% | 03/01/27 | 10 | 9,535 | ||||
4.500% | 05/15/35 | 900 | 766,819 | ||||
4.500% | 03/09/48 | 10 | 7,577 | ||||
6.950% | 01/15/28 | 10 | 10,159 | ||||
Deutsche Telekom International Finance BV (Germany), | |||||||
Gtd. Notes | |||||||
8.750% | 06/15/30 | 10 | 11,468 | ||||
Digicel Group Holdings Ltd. (Jamaica), | |||||||
Sr. Unsec’d. Notes, 144A, Cash coupon 5.000% and PIK 3.000% (original cost $77,063; purchased 03/21/23 - 03/22/23)(f) | |||||||
8.000% | 04/01/25(d) | 196 | 41,231 | ||||
Digicel International Finance Ltd./Digicel International Holdings Ltd. (Jamaica), | |||||||
Gtd. Notes, 144A (original cost $367,669; purchased 03/09/23)(f) | |||||||
8.000% | 12/31/26(d) | 1,471 | 88,240 | ||||
Gtd. Notes, 144A, Cash coupon 6.000% and PIK 7.000% (original cost $556,233; purchased 06/29/21 - 12/15/22)(f) | |||||||
13.000% | 12/31/25(d) | 554 | 383,893 | ||||
Sr. Sec’d. Notes, 144A (original cost $202,500; purchased 07/28/20)(f) | |||||||
8.750% | 05/25/24 | 200 | 179,352 | ||||
Sr. Sec’d. Notes, 144A (original cost $1,009,327; purchased 07/27/20)(f) | |||||||
8.750% | 05/25/24 | 997 | 887,978 | ||||
Digicel Ltd. (Jamaica), | |||||||
Gtd. Notes, 144A | |||||||
6.750% | 03/01/23(d) | 500 | 12,500 | ||||
Level 3 Financing, Inc., | |||||||
Gtd. Notes, 144A | |||||||
3.625% | 01/15/29 | 40 | 22,400 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Telecommunications (cont’d.) | |||||||
Sr. Sec’d. Notes, 144A | |||||||
10.500% | 05/15/30 | 288 | $289,703 | ||||
Motorola Solutions, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.300% | 11/15/30 | 49 | 37,961 | ||||
4.600% | 05/23/29 | 60 | 56,663 | ||||
Sprint LLC, | |||||||
Gtd. Notes | |||||||
7.625% | 02/15/25 | 2,502 | 2,541,375 | ||||
7.625% | 03/01/26 | 100 | 102,885 | ||||
T-Mobile USA, Inc., | |||||||
Gtd. Notes | |||||||
2.250% | 02/15/26 | 45 | 41,450 | ||||
2.550% | 02/15/31 | 10 | 7,960 | ||||
2.625% | 02/15/29 | 10 | 8,473 | ||||
3.300% | 02/15/51 | 5 | 3,104 | ||||
3.750% | 04/15/27 | 125 | 116,727 | ||||
3.875% | 04/15/30 | 137 | 121,269 | ||||
4.375% | 04/15/40 | 435 | 349,370 | ||||
4.500% | 04/15/50 | 1,985 | 1,521,975 | ||||
Verizon Communications, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
1.500% | 09/18/30 | 75 | 56,845 | ||||
1.680% | 10/30/30 | 577 | 437,648 | ||||
1.750% | 01/20/31 | 55 | 41,437 | ||||
2.100% | 03/22/28 | 230 | 197,648 | ||||
2.355% | 03/15/32 | 5,160 | 3,933,413 | ||||
2.550% | 03/21/31 | 54 | 42,961 | ||||
2.850% | 09/03/41 | 10 | 6,436 | ||||
2.875% | 11/20/50 | 45 | 25,881 | ||||
3.400% | 03/22/41 | 1,185 | 835,595 | ||||
3.550% | 03/22/51 | 60 | 39,503 | ||||
4.016% | 12/03/29 | 140 | 126,635 | ||||
4.329% | 09/21/28 | 115 | 107,990 | ||||
Viasat, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
7.500% | 05/30/31 | 500 | 329,743 | ||||
16,919,836 | |||||||
Transportation — 0.2% | |||||||
Burlington Northern Santa Fe LLC, | |||||||
Sr. Unsec’d. Notes | |||||||
3.050% | 02/15/51 | 5 | 3,158 | ||||
3.550% | 02/15/50 | 5 | 3,545 | ||||
4.900% | 04/01/44 | 10 | 8,848 | ||||
Canadian Pacific Railway Co. (Canada), | |||||||
Gtd. Notes | |||||||
3.500% | 05/01/50 | 25 | 17,105 | ||||
CSX Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
3.250% | 06/01/27 | 10 | 9,281 | ||||
3.800% | 03/01/28 | 16 | 15,028 | ||||
Forward Air Corp., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
9.500% | 10/15/31 | 500 | 499,671 |
A27
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Transportation (cont’d.) | |||||||
Indian Railway Finance Corp. Ltd. (India), | |||||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
3.570% | 01/21/32 | 480 | $398,731 | ||||
Lima Metro Line 2 Finance Ltd. (Peru), | |||||||
Sr. Sec’d. Notes | |||||||
5.875% | 07/05/34 | 90 | 86,033 | ||||
Norfolk Southern Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
2.900% | 06/15/26 | 14 | 13,109 | ||||
3.800% | 08/01/28 | 54 | 50,307 | ||||
Union Pacific Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
3.750% | 03/15/24 | 20 | 19,801 | ||||
3.799% | 10/01/51 | 9 | 6,638 | ||||
3.950% | 08/15/59 | 35 | 24,989 | ||||
XPO, Inc., | |||||||
Gtd. Notes, 144A | |||||||
7.125% | 06/01/31 | 850 | 836,766 | ||||
1,993,010 | |||||||
Trucking & Leasing — 0.3% | |||||||
Penske Truck Leasing Co. LP/PTL Finance Corp., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
1.200% | 11/15/25 | 20 | 17,986 | ||||
1.700% | 06/15/26 | 30 | 26,593 | ||||
2.700% | 11/01/24 | 20 | 19,221 | ||||
4.000% | 07/15/25 | 25 | 23,994 | ||||
5.550% | 05/01/28 | 4,000 | 3,872,907 | ||||
3,960,701 | |||||||
Total Corporate Bonds (cost $521,505,292) | 452,193,354 | ||||||
Floating Rate and Other Loans — 0.9% | |||||||
Airlines — 0.1% | |||||||
United Airlines, Inc., | |||||||
Class B Term Loan, 1 Month SOFR + 3.864% | |||||||
9.182%(c) | 04/21/28 | 536 | 537,782 | ||||
Commercial Services — 0.0% | |||||||
Adtalem Global Education, Inc., | |||||||
Term B Loan, 1 Month SOFR + 4.114% | |||||||
9.431%(c) | 08/12/28 | 225 | 224,569 | ||||
Computers — 0.1% | |||||||
McAfee Corp., | |||||||
Tranche B-1 Term Loan, 1 Month SOFR + 3.850% | |||||||
9.180%(c) | 03/01/29 | 1,333 | 1,299,464 | ||||
Insurance — 0.1% | |||||||
Asurion LLC, | |||||||
New B-09 Term Loan, 1 Month SOFR + 3.364% | |||||||
8.681%(c) | 07/31/27 | 341 | 331,279 | ||||
New B11 Term Loan, 1 Month SOFR + 4.350% | |||||||
9.666%(c) | 08/21/28 | 458 | 446,797 | ||||
778,076 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Floating Rate and Other Loans (continued) | |||||||
Media — 0.1% | |||||||
CSC Holdings LLC, | |||||||
2022 Refinancing Term Loan, 1 Month SOFR + 4.500% | |||||||
9.832%(c) | 01/18/28 | 342 | $323,113 | ||||
September 2019 Term Loan, 1 Month LIBOR + 2.500% | |||||||
7.947%(c) | 04/15/27 | 760 | 686,649 | ||||
Diamond Sports Group LLC, | |||||||
First Lien Term Loan, 1 Month SOFR + 10.100% | |||||||
12.775%(c) | 05/25/26 | 145 | 76,437 | ||||
Second Lien Term Loan, 6 Month SOFR + 3.500% | |||||||
10.684% | 08/24/26 | 1,959 | 44,073 | ||||
1,130,272 | |||||||
Metal Fabricate/Hardware — 0.1% | |||||||
Tank Holding Corp., | |||||||
2023 Incremental Term Loan, 1 Month SOFR + 6.100% | |||||||
11.420%(c) | 03/31/28 | 188 | 183,353 | ||||
Term Loan, 1 Month SOFR + 5.850% | |||||||
11.166%(c) | 03/31/28 | 1,407 | 1,358,523 | ||||
1,541,876 | |||||||
Real Estate Investment Trusts (REITs) — 0.0% | |||||||
Blackstone Mortgage Trust, Inc., | |||||||
Term Loan, 1 Month SOFR + 2.364% | |||||||
7.681%(c) | 04/23/26 | 486 | 475,949 | ||||
Retail — 0.3% | |||||||
EG Group Ltd. (United Kingdom), | |||||||
Additional Second Lien Loan Facility, 3 Month EURIBOR + 7.000% | |||||||
10.972%(c) | 04/30/27 | EUR | 3,500 | 3,415,909 | |||
Great Outdoors Group LLC, | |||||||
Term B-2 Loan, 3 Month SOFR + 4.012% | |||||||
9.402%(c) | 03/06/28 | 796 | 793,286 | ||||
4,209,195 | |||||||
Telecommunications — 0.1% | |||||||
Digicel International Finance Ltd. (Jamaica), | |||||||
First Lien Initial Term B Loan, 6 Month LIBOR + 3.250% | |||||||
8.981%(c) | 05/27/24 | 1,364 | 1,225,289 | ||||
Total Floating Rate and Other Loans (cost $13,064,608) | 11,422,472 | ||||||
Municipal Bonds — 1.1% | |||||||
Arizona — 0.0% | |||||||
Salt River Project Agricultural Improvement & Power District, | |||||||
Revenue Bonds, BABs | |||||||
4.839% | 01/01/41 | 30 | 27,023 | ||||
California — 0.3% | |||||||
Bay Area Toll Authority, | |||||||
Taxable, Revenue Bonds, BABs, Series S3 | |||||||
6.907% | 10/01/50 | 1,125 | 1,296,282 | ||||
State of California, | |||||||
General Obligation Unlimited, BABs | |||||||
7.300% | 10/01/39 | 1,550 | 1,762,096 | ||||
General Obligation Unlimited, Taxable, BABs | |||||||
7.625% | 03/01/40 | 725 | 851,689 | ||||
3,910,067 |
A28
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Municipal Bonds (continued) | |||||||
Colorado — 0.1% | |||||||
Colorado Health Facilities Authority, | |||||||
Taxable, Revenue Bonds, Series B | |||||||
2.800% | 12/01/26 | 5 | $4,623 | ||||
Regional Transportation District Sales Tax Revenue, | |||||||
Revenue Bonds, BABs, Series B | |||||||
5.844% | 11/01/50 | 770 | 790,126 | ||||
794,749 | |||||||
Illinois — 0.1% | |||||||
Chicago O’Hare International Airport, | |||||||
Revenue Bonds, BABs, Series B | |||||||
6.395% | 01/01/40 | 1,380 | 1,462,483 | ||||
State of Illinois, | |||||||
General Obligation Unlimited, Taxable, Series A | |||||||
3.140% | 10/01/24 | 35 | 34,106 | ||||
1,496,589 | |||||||
Missouri — 0.0% | |||||||
Health & Educational Facilities Authority of the State of Missouri, | |||||||
Taxable, Revenue Bonds, Series A | |||||||
3.652% | 08/15/57 | 20 | 14,339 | ||||
New Jersey — 0.3% | |||||||
New Jersey Turnpike Authority, | |||||||
Taxable, Revenue Bonds, BABs, Series A | |||||||
7.102% | 01/01/41 | 1,175 | 1,331,976 | ||||
Taxable, Revenue Bonds, BABs, Series F | |||||||
7.414% | 01/01/40 | 2,050 | 2,390,655 | ||||
3,722,631 | |||||||
New York — 0.0% | |||||||
New York State Urban Development Corp., | |||||||
Taxable, Revenue Bonds, Series B | |||||||
2.590% | 03/15/35 | 20 | 15,111 | ||||
Port Authority of New York & New Jersey, | |||||||
Revenue Bonds | |||||||
6.040% | 12/01/29 | 25 | 25,774 | ||||
40,885 | |||||||
Ohio — 0.1% | |||||||
Ohio State University (The), | |||||||
Taxable, Revenue Bonds, BABs, Series C | |||||||
4.910% | 06/01/40 | 695 | 640,866 | ||||
Oregon — 0.0% | |||||||
State of Oregon Department of Transportation, | |||||||
Taxable, Revenue Bonds, BABs, Series A | |||||||
5.834% | 11/15/34 | 615 | 635,617 | ||||
Pennsylvania — 0.1% | |||||||
Pennsylvania Turnpike Commission, | |||||||
Revenue Bonds, BABs, Series B | |||||||
5.511% | 12/01/45 | 825 | 788,913 | ||||
Puerto Rico — 0.1% | |||||||
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, | |||||||
Revenue Bonds, Series A-1 | |||||||
5.000% | 07/01/58 | 1,710 | 1,540,580 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Municipal Bonds (continued) | |||||||
Texas — 0.0% | |||||||
Grand Parkway Transportation Corp., | |||||||
Taxable, Revenue Bonds, Series B | |||||||
3.236% | 10/01/52 | 20 | $12,955 | ||||
Texas Private Activity Bond Surface Transportation Corp., | |||||||
Taxable, Revenue Bonds, Series B | |||||||
3.922% | 12/31/49 | 450 | 336,411 | ||||
349,366 | |||||||
Total Municipal Bonds (cost $13,264,642) | 13,961,625 | ||||||
Residential Mortgage-Backed Securities — 3.5% | |||||||
Alternative Loan Trust, | |||||||
Series 2004-18CB, Class 3A1 | |||||||
5.250% | 09/25/35 | 12 | 10,781 | ||||
Bellemeade Re Ltd., | |||||||
Series 2020-03A, Class M1C, 144A, 30 Day Average SOFR + 3.814% (Cap N/A, Floor 3.700%) | |||||||
9.134%(c) | 10/25/30 | 139 | 140,117 | ||||
Series 2021-03A, Class M1B, 144A, 30 Day Average SOFR + 1.400% (Cap N/A, Floor 1.400%) | |||||||
6.715%(c) | 09/25/31 | 200 | 199,285 | ||||
Series 2022-01, Class M1B, 144A, 30 Day Average SOFR + 2.150% (Cap N/A, Floor 2.150%) | |||||||
7.465%(c) | 01/26/32 | 490 | 489,188 | ||||
Series 2022-01, Class M1C, 144A, 30 Day Average SOFR + 3.700% (Cap N/A, Floor 3.700%) | |||||||
9.015%(c) | 01/26/32 | 1,240 | 1,251,556 | ||||
Citigroup Mortgage Loan Trust, | |||||||
Series 2011-12, Class 3A2, 144A | |||||||
4.163%(cc) | 09/25/47 | 236 | 206,982 | ||||
Connecticut Avenue Securities Trust, | |||||||
Series 2018-R07, Class 1B1, 144A, 30 Day Average SOFR + 4.464% (Cap N/A, Floor 0.000%) | |||||||
9.779%(c) | 04/25/31 | 370 | 392,183 | ||||
Series 2019-R07, Class 1M2, 144A, 30 Day Average SOFR + 2.214% (Cap N/A, Floor 0.000%) | |||||||
7.529%(c) | 10/25/39 | 15 | 15,468 | ||||
Series 2022-R01, Class 1B1, 144A, 30 Day Average SOFR + 3.150% (Cap N/A, Floor 0.000%) | |||||||
8.465%(c) | 12/25/41 | 200 | 200,991 | ||||
Series 2022-R04, Class 1B1, 144A, 30 Day Average SOFR + 5.250% (Cap N/A, Floor 0.000%) | |||||||
10.565%(c) | 03/25/42 | 260 | 276,653 | ||||
Series 2023-R05, Class 1M2, 144A, 30 Day Average SOFR + 3.100% (Cap N/A, Floor 3.100%) | |||||||
8.415%(c) | 06/25/43 | 1,400 | 1,434,356 | ||||
Series 2023-R06, Class 1M2, 144A, 30 Day Average SOFR + 2.700% (Cap N/A, Floor 0.000%) | |||||||
8.015%(c) | 07/25/43 | 500 | 502,653 | ||||
Credit Suisse Mortgage Trust, | |||||||
Series 2020-RPL05, Class A1, 144A | |||||||
3.023%(cc) | 08/25/60 | 300 | 294,676 | ||||
Series 2022-RPL04, Class A1, 144A | |||||||
3.904%(cc) | 04/25/62 | 1,260 | 1,152,804 |
A29
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Residential Mortgage-Backed Securities (continued) | |||||||
Eagle Re Ltd., | |||||||
Series 2018-01, Class M1, 144A, 1 Month LIBOR + 1.700% (Cap N/A, Floor 1.700%) | |||||||
7.129%(c) | 11/25/28 | 585 | $585,468 | ||||
Series 2021-01, Class M1C, 144A, 30 Day Average SOFR + 2.700% (Cap N/A, Floor 2.700%) | |||||||
8.015%(c) | 10/25/33 | 664 | 667,359 | ||||
Series 2021-02, Class M1C, 144A, 30 Day Average SOFR + 3.450% (Cap N/A, Floor 3.450%) | |||||||
8.765%(c) | 04/25/34 | 910 | 919,007 | ||||
Fannie Mae REMIC, | |||||||
Series 2011-116, Class ZA | |||||||
3.500% | 11/25/41 | 1,614 | 1,443,923 | ||||
Series 2012-34, Class EB | |||||||
4.000% | 04/25/42 | 1,575 | 1,377,470 | ||||
FHLMC Structured Agency Credit Risk Debt Notes, | |||||||
Series 2020-HQA05, Class B1, 144A, 30 Day Average SOFR + 4.000% (Cap N/A, Floor 0.000%) | |||||||
9.315%(c) | 11/25/50 | 900 | 952,338 | ||||
Series 2020-HQA05, Class M2, 144A, 30 Day Average SOFR + 2.600% (Cap N/A, Floor 0.000%) | |||||||
7.915%(c) | 11/25/50 | 2,131 | 2,156,111 | ||||
Series 2021-DNA02, Class B1, 144A, 30 Day Average SOFR + 3.400% (Cap N/A, Floor 0.000%) | |||||||
8.715%(c) | 08/25/33 | 3,635 | 3,726,010 | ||||
FHLMC Structured Agency Credit Risk REMIC Trust, | |||||||
Series 2020-DNA02, Class M2, 144A, 30 Day Average SOFR + 1.964% (Cap N/A, Floor 0.000%) | |||||||
7.279%(c) | 02/25/50 | 424 | 424,670 | ||||
Series 2020-DNA04, Class B1, 144A, 30 Day Average SOFR + 6.114% (Cap N/A, Floor 0.000%) | |||||||
11.429%(c) | 08/25/50 | 493 | 549,787 | ||||
Series 2020-DNA05, Class B1, 144A, 30 Day Average SOFR + 4.800% (Cap N/A, Floor 0.000%) | |||||||
10.115%(c) | 10/25/50 | 670 | 728,589 | ||||
Series 2020-DNA05, Class M2, 144A, 30 Day Average SOFR + 2.800% (Cap N/A, Floor 0.000%) | |||||||
8.115%(c) | 10/25/50 | 145 | 146,053 | ||||
Series 2020-HQA02, Class M2, 144A, 30 Day Average SOFR + 3.214% (Cap N/A, Floor 0.000%) | |||||||
8.529%(c) | 03/25/50 | 31 | 32,390 | ||||
Series 2020-HQA04, Class B1, 144A, 30 Day Average SOFR + 5.364% (Cap N/A, Floor 0.000%) | |||||||
10.679%(c) | 09/25/50 | 288 | 310,624 | ||||
Series 2021-DNA01, Class B1, 144A, 30 Day Average SOFR + 2.650% (Cap N/A, Floor 0.000%) | |||||||
7.965%(c) | 01/25/51 | 355 | 347,893 | ||||
Series 2021-DNA05, Class B1, 144A, 30 Day Average SOFR + 3.050% (Cap N/A, Floor 0.000%) | |||||||
8.365%(c) | 01/25/34 | 490 | 491,224 | ||||
Series 2021-DNA05, Class M2, 144A, 30 Day Average SOFR + 1.650% (Cap N/A, Floor 0.000%) | |||||||
6.965%(c) | 01/25/34 | 262 | 261,322 | ||||
Series 2021-DNA07, Class M2, 144A, 30 Day Average SOFR + 1.800% (Cap N/A, Floor 0.000%) | |||||||
7.115%(c) | 11/25/41 | 100 | 97,656 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Residential Mortgage-Backed Securities (continued) | |||||||
Series 2021-HQA01, Class B1, 144A, 30 Day Average SOFR + 3.000% (Cap N/A, Floor 0.000%) | |||||||
8.315%(c) | 08/25/33 | 360 | $355,310 | ||||
Series 2021-HQA01, Class M2, 144A, 30 Day Average SOFR + 2.250% (Cap N/A, Floor 0.000%) | |||||||
7.565%(c) | 08/25/33 | 3,856 | 3,833,388 | ||||
Series 2021-HQA03, Class B1, 144A, 30 Day Average SOFR + 3.350% (Cap N/A, Floor 0.000%) | |||||||
8.665%(c) | 09/25/41 | 240 | 239,706 | ||||
Series 2021-HQA03, Class M2, 144A, 30 Day Average SOFR + 2.100% (Cap N/A, Floor 0.000%) | |||||||
7.415%(c) | 09/25/41 | 1,020 | 999,743 | ||||
Series 2021-HQA04, Class M2, 144A, 30 Day Average SOFR + 2.350% (Cap N/A, Floor 0.000%) | |||||||
7.665%(c) | 12/25/41 | 800 | 773,000 | ||||
Series 2022-DNA01, Class M1B, 144A, 30 Day Average SOFR + 1.850% (Cap N/A, Floor 0.000%) | |||||||
7.165%(c) | 01/25/42 | 100 | 98,626 | ||||
Series 2022-DNA02, Class M1B, 144A, 30 Day Average SOFR + 2.400% (Cap N/A, Floor 0.000%) | |||||||
7.715%(c) | 02/25/42 | 1,100 | 1,105,532 | ||||
Series 2022-DNA03, Class M1B, 144A, 30 Day Average SOFR + 2.900% (Cap N/A, Floor 0.000%) | |||||||
8.215%(c) | 04/25/42 | 100 | 102,147 | ||||
Freddie Mac REMIC, | |||||||
Series 4289, Class WZ | |||||||
3.000% | 01/15/44 | 697 | 602,799 | ||||
Series 4768, Class GA | |||||||
3.500% | 09/15/45 | 442 | 415,604 | ||||
Series 4939, Class KT | |||||||
3.000% | 07/15/48 | 422 | 361,352 | ||||
GCAT Asset-Backed Notes, | |||||||
Series 2021-01, Class A1, 144A | |||||||
2.487% | 11/25/49 | 2,481 | 2,258,804 | ||||
Home Re Ltd., | |||||||
Series 2019-01, Class M1, 144A, 1 Month LIBOR + 1.650% (Cap N/A, Floor 0.000%) | |||||||
7.084%(c) | 05/25/29 | 179 | 179,317 | ||||
Series 2021-02, Class M1B, 144A, 30 Day Average SOFR + 1.600% (Cap N/A, Floor 0.000%) | |||||||
6.915%(c) | 01/25/34 | 295 | 294,969 | ||||
Series 2021-02, Class M1C, 144A, 30 Day Average SOFR + 2.800% (Cap N/A, Floor 0.000%) | |||||||
8.115%(c) | 01/25/34 | 815 | 821,900 | ||||
JPMorgan Mortgage Trust, | |||||||
Series 2023-HE02, Class A1, 144A, 30 Day Average SOFR + 1.700% (Cap N/A, Floor 0.000%) | |||||||
7.016%(c) | 03/25/54 | 275 | 275,000 | ||||
Legacy Mortgage Asset Trust, | |||||||
Series 2020-GS01, Class A1, 144A | |||||||
5.882% | 10/25/59 | 855 | 849,886 | ||||
Series 2020-SL01, Class A, 144A | |||||||
5.734% | 01/25/60 | 133 | 133,216 |
A30
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Residential Mortgage-Backed Securities (continued) | |||||||
New Residential Mortgage Loan Trust, | |||||||
Series 2018-04A, Class A1S, 144A, 1 Month SOFR + 0.864% (Cap N/A, Floor 0.750%) | |||||||
6.184%(c) | 01/25/48 | 353 | $342,431 | ||||
Oaktown Re VII Ltd., | |||||||
Series 2021-02, Class M1B, 144A, 30 Day Average SOFR + 2.900% (Cap N/A, Floor 2.900%) | |||||||
8.215%(c) | 04/25/34 | 900 | 908,886 | ||||
PMT Credit Risk Transfer Trust, | |||||||
Series 2019-02R, Class A, 144A, 1 Month SOFR + 3.864% (Cap N/A, Floor 2.750%) | |||||||
9.182%(c) | 05/30/25 | 521 | 520,522 | ||||
Series 2023-1R, Class A, 144A, 30 Day Average SOFR + 4.400% (Cap N/A, Floor 0.000%) | |||||||
9.715%(c) | 03/27/25 | 2,741 | 2,749,987 | ||||
PNMAC GMSR Issuer Trust, | |||||||
Series 2018-GT01, Class A, 144A, 1 Month LIBOR + 3.850% (Cap N/A, Floor 2.850%) | |||||||
9.284%(c) | 02/25/25 | 1,280 | 1,280,939 | ||||
Series 2018-GT02, Class A, 144A, 1 Month LIBOR + 2.650% (Cap N/A, Floor 0.000%) | |||||||
8.084%(c) | 08/25/25 | 1,200 | 1,199,760 | ||||
Radnor Re Ltd., | |||||||
Series 2021-02, Class M1A, 144A, 30 Day Average SOFR + 1.850% (Cap N/A, Floor 1.850%) | |||||||
7.165%(c) | 11/25/31 | 340 | 339,875 | ||||
Series 2021-02, Class M1B, 144A, 30 Day Average SOFR + 3.700% (Cap N/A, Floor 3.700%) | |||||||
9.015%(c) | 11/25/31 | 900 | 922,052 | ||||
Series 2023-01, Class M1A, 144A, 30 Day Average SOFR + 2.700% (Cap N/A, Floor 2.700%) | |||||||
8.015%(c) | 07/25/33 | 750 | 753,721 | ||||
Shamrock Residential (Ireland), | |||||||
Series 2023-01A, Class A, 144A, 1 Month EURIBOR + 1.000% (Cap N/A, Floor 0.000%) | |||||||
4.869%(c) | 06/24/71 | EUR | 372 | 391,261 | |||
Structured Adjustable Rate Mortgage Loan Trust, | |||||||
Series 2004-01, Class 4A3 | |||||||
6.379%(cc) | 02/25/34 | 141 | 131,200 | ||||
Series 2004-18, Class 3A1 | |||||||
5.490%(cc) | 12/25/34 | 1,068 | 976,311 | ||||
Total Residential Mortgage-Backed Securities (cost $46,645,597) | 46,002,831 | ||||||
Sovereign Bonds — 1.8% | |||||||
Bermuda Government International Bond (Bermuda), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
2.375% | 08/20/30 | 570 | 456,599 | ||||
Brazil Minas SPE via State of Minas Gerais (Brazil), | |||||||
Gov’t. Gtd. Notes | |||||||
5.333% | 02/15/28 | 803 | 778,529 | ||||
Colombia Government International Bond (Colombia), | |||||||
Sr. Unsec’d. Notes | |||||||
4.500% | 01/28/26 | 250 | 238,738 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Sovereign Bonds (continued) | |||||||
Dominican Republic International Bond (Dominican Republic), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.500% | 02/22/29 | 1,180 | $1,079,051 | ||||
6.000% | 07/19/28 | 575 | 545,997 | ||||
Hellenic Republic Government International Bond (Greece), | |||||||
Sr. Unsec’d. Notes | |||||||
5.200% | 07/17/34 | EUR | 1,500 | 1,601,678 | |||
Hungary Government International Bond (Hungary), | |||||||
Sr. Unsec’d. Notes | |||||||
5.375% | 03/25/24 | 50 | 49,875 | ||||
Indonesia Government International Bond (Indonesia), | |||||||
Sr. Unsec’d. Notes | |||||||
1.100% | 03/12/33 | EUR | 410 | 311,783 | |||
1.450% | 09/18/26 | EUR | 375 | 362,698 | |||
3.375% | 07/30/25 | EUR | 3,125 | 3,241,330 | |||
Sr. Unsec’d. Notes, EMTN | |||||||
3.750% | 06/14/28 | EUR | 1,250 | 1,290,228 | |||
Japan Bank for International Cooperation (Japan), | |||||||
Gov’t. Gtd. Notes, Series DTC | |||||||
2.500% | 05/23/24 | 1,000 | 979,511 | ||||
Japan Finance Organization for Municipalities (Japan), | |||||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
1.750% | 09/05/24 | 600 | 577,336 | ||||
3.000% | 03/12/24 | 600 | 592,738 | ||||
Peruvian Government International Bond (Peru), | |||||||
Sr. Unsec’d. Notes | |||||||
2.783% | 01/23/31 | 10 | 8,171 | ||||
Republic of Italy Government International Bond (Italy), | |||||||
Sr. Unsec’d. Notes | |||||||
2.875% | 10/17/29 | 200 | 171,183 | ||||
Sr. Unsec’d. Notes, MTN | |||||||
5.375% | 06/15/33 | 4,930 | 4,677,278 | ||||
Romanian Government International Bond (Romania), | |||||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
3.875% | 10/29/35 | EUR | 278 | 227,987 | |||
5.000% | 09/27/26 | EUR | 1,200 | 1,267,810 | |||
Sr. Unsec’d. Notes, EMTN | |||||||
3.875% | 10/29/35 | EUR | 398 | 326,399 | |||
Serbia International Bond (Serbia), | |||||||
Sr. Unsec’d. Notes | |||||||
1.500% | 06/26/29 | EUR | 1,443 | 1,170,220 | |||
3.125% | 05/15/27 | EUR | 2,371 | 2,260,578 | |||
Sr. Unsec’d. Notes, 144A | |||||||
1.650% | 03/03/33 | EUR | 249 | 171,161 | |||
6.250% | 05/26/28 | 440 | 430,848 | ||||
Ukraine Government International Bond (Ukraine), | |||||||
Sr. Unsec’d. Notes | |||||||
7.750% | 09/01/24(d) | 920 | 310,500 | ||||
8.994% | 02/01/26(d) | 200 | 63,300 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
4.375% | 01/27/32(d) | EUR | 1,090 | 270,815 | |||
7.750% | 09/01/24(d) | 930 | 313,875 | ||||
8.994% | 02/01/26(d) | 200 | 63,300 | ||||
9.750% | 11/01/30(d) | 400 | 118,000 | ||||
Total Sovereign Bonds (cost $29,726,052) | 23,957,516 |
A31
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations — 17.5% | |||||||
Federal Home Loan Bank | |||||||
3.500% | 06/11/32 | 190 | $167,927 | ||||
Federal Home Loan Mortgage Corp. | |||||||
2.000% | 05/01/51 | 2,201 | 1,681,501 | ||||
2.500% | 03/01/51 | 2,966 | 2,372,501 | ||||
2.500% | 07/01/51 | 1,900 | 1,513,392 | ||||
2.500% | 08/01/51 | 3,866 | 3,076,660 | ||||
3.000% | 07/01/51 | 714 | 592,533 | ||||
3.000% | 02/01/52 | 2,433 | 2,014,778 | ||||
3.000% | 04/01/52 | 6,712 | 5,556,256 | ||||
3.500% | 02/01/47 | 686 | 607,552 | ||||
3.500% | 05/01/52 | 3,582 | 3,081,405 | ||||
4.000% | 10/01/52 | 13,206 | 11,763,065 | ||||
4.500% | 08/01/52 | 3,449 | 3,168,509 | ||||
4.500% | 10/01/52(k) | 24,983 | 22,947,552 | ||||
5.000% | 10/01/52 | 13,600 | 12,840,633 | ||||
5.000% | 11/01/52 | 5,932 | 5,600,566 | ||||
5.500% | 10/01/33 | 310 | 309,142 | ||||
5.500% | 06/01/34 | 3 | 2,520 | ||||
5.500% | 12/01/52 | 892 | 863,125 | ||||
6.000% | 11/01/33 | 24 | 24,146 | ||||
6.000% | 05/01/34 | 38 | 37,432 | ||||
6.000% | 06/01/34 | 63 | 62,254 | ||||
6.250% | 07/15/32(k) | 555 | 613,555 | ||||
6.500% | 07/01/32 | 4 | 4,114 | ||||
6.500% | 07/01/32 | 9 | 8,665 | ||||
6.500% | 08/01/32 | 18 | 17,936 | ||||
6.500% | 08/01/32 | 18 | 18,442 | ||||
6.500% | 08/01/32 | 20 | 20,421 | ||||
6.500% | 09/01/32 | 22 | 22,022 | ||||
6.500% | 09/01/32 | 64 | 64,256 | ||||
6.750% | 03/15/31(k) | 545 | 609,739 | ||||
Federal National Mortgage Assoc. | |||||||
1.500% | 02/01/51 | 17,372 | 12,528,917 | ||||
1.500% | 05/01/51 | 570 | 410,861 | ||||
2.000% | 03/01/51 | 6,935 | 5,300,372 | ||||
2.000% | 10/01/51 | 8,972 | 6,846,393 | ||||
2.500% | TBA(tt) | 3,000 | 2,380,893 | ||||
2.500% | 06/01/50 | 2,466 | 1,979,084 | ||||
2.500% | 10/01/50 | 8,388 | 6,711,295 | ||||
2.500% | 01/01/51 | 2,653 | 2,120,141 | ||||
2.500% | 02/01/51 | 530 | 422,268 | ||||
2.500% | 03/01/51 | 3,971 | 3,174,423 | ||||
2.500% | 05/01/51 | 800 | 638,327 | ||||
2.500% | 07/01/51 | 1,568 | 1,250,899 | ||||
3.000% | TBA | 2,000 | 1,656,016 | ||||
3.000% | TBA(tt) | 5,000 | 4,133,789 | ||||
3.000% | 11/01/51 | 1,550 | 1,290,088 | ||||
3.000% | 11/01/51 | 1,760 | 1,462,707 | ||||
3.000% | 11/01/51 | 13,809 | 11,453,341 | ||||
3.000% | 12/01/51 | 2,338 | 1,944,329 | ||||
3.000% | 02/01/52 | 530 | 438,885 | ||||
3.000% | 03/01/52 | 1,969 | 1,630,961 | ||||
3.000% | 04/01/52 | 5,557 | 4,601,288 | ||||
3.500% | 02/01/52 | 6,262 | 5,395,335 | ||||
3.500% | 05/01/52 | 5,877 | 5,061,051 | ||||
4.500% | 08/01/40 | 807 | 762,129 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations (continued) | |||||||
4.500% | 10/01/52 | 13,127 | $12,058,503 | ||||
5.000% | 11/01/52 | 13,394 | 12,646,506 | ||||
5.000% | 12/01/52 | 5,258 | 4,964,157 | ||||
5.000% | 03/01/53 | 9,333 | 8,829,941 | ||||
5.000% | 05/01/53 | 940 | 890,616 | ||||
5.500% | 02/01/33 | 5 | 4,677 | ||||
5.500% | 02/01/33 | 7 | 6,799 | ||||
5.500% | 03/01/33 | 9 | 9,347 | ||||
5.500% | 03/01/33 | 17 | 16,556 | ||||
5.500% | 03/01/33 | 20 | 20,206 | ||||
5.500% | 04/01/33 | 2 | 2,482 | ||||
5.500% | 04/01/33 | 11 | 11,241 | ||||
5.500% | 04/01/33 | 12 | 11,985 | ||||
5.500% | 04/01/33 | 15 | 15,027 | ||||
5.500% | 07/01/33 | 13 | 12,201 | ||||
5.500% | 07/01/33 | 14 | 14,188 | ||||
5.500% | 08/01/33 | 12 | 12,212 | ||||
5.500% | 02/01/34 | 13 | 13,043 | ||||
5.500% | 04/01/34 | 12 | 11,966 | ||||
5.500% | 06/01/34 | 16 | 15,324 | ||||
6.000% | 10/01/33 | 1 | 1,399 | ||||
6.000% | 10/01/33 | 151 | 150,433 | ||||
6.000% | 03/01/34 | 21 | 20,823 | ||||
6.000% | 02/01/35 | 82 | 82,169 | ||||
6.000% | 11/01/36 | 25 | 25,603 | ||||
6.000% | 12/01/52 | 3,258 | 3,216,948 | ||||
6.500% | 08/01/32 | 59 | 59,247 | ||||
6.500% | 09/01/32 | 48 | 48,441 | ||||
6.500% | 09/01/32 | 77 | 78,446 | ||||
6.500% | 10/01/32 | 35 | 35,221 | ||||
6.500% | 04/01/33 | 63 | 64,268 | ||||
6.500% | 11/01/33 | 3 | 2,539 | ||||
6.500% | 06/01/53 | 1,013 | 1,017,952 | ||||
6.625% | 11/15/30(k) | 830 | 918,523 | ||||
7.000% | 05/01/32 | 44 | 43,969 | ||||
7.000% | 06/01/32 | 3 | 3,460 | ||||
7.125% | 01/15/30(k) | 785 | 882,328 | ||||
Government National Mortgage Assoc. | |||||||
2.500% | TBA | 2,500 | 2,043,062 | ||||
2.500% | 03/20/51 | 1,096 | 896,531 | ||||
2.500% | 04/20/51 | 1,087 | 890,343 | ||||
3.500% | 01/20/48 | 101 | 89,527 | ||||
3.500% | 05/20/52 | 467 | 409,199 | ||||
4.000% | 02/20/49 | 206 | 187,895 | ||||
4.500% | TBA(tt) | 2,000 | 1,847,578 | ||||
4.500% | 08/20/52 | 498 | 460,374 | ||||
5.000% | 07/20/52 | 532 | 504,177 | ||||
5.000% | 09/20/52 | 1,422 | 1,349,832 | ||||
5.500% | 01/15/33 | 27 | 26,589 | ||||
5.500% | 02/15/33 | 15 | 14,573 | ||||
5.500% | 05/15/33 | 44 | 43,077 | ||||
5.500% | 05/15/33 | 125 | 121,250 | ||||
5.500% | 06/15/33 | 93 | 90,179 | ||||
5.500% | 09/15/33 | 20 | 19,514 | ||||
5.500% | 07/15/35 | 29 | 28,621 | ||||
5.500% | 09/20/52 | 1,638 | 1,590,319 | ||||
5.500% | 11/20/52 | 9,136 | 8,867,933 |
A32
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations (continued) | |||||||
6.000% | 12/15/32 | 55 | $56,140 | ||||
6.000% | 11/15/33 | 23 | 23,569 | ||||
6.000% | 01/15/34 | 6 | 5,773 | ||||
6.000% | 06/20/34 | 154 | 158,325 | ||||
6.000% | 11/15/34 | 216 | 217,730 | ||||
6.500% | 09/15/32 | 28 | 27,965 | ||||
6.500% | 09/15/32 | 75 | 75,357 | ||||
6.500% | 09/15/32 | 112 | 112,762 | ||||
6.500% | 11/15/33 | 62 | 62,517 | ||||
Total U.S. Government Agency Obligations (cost $242,859,684) | 229,695,848 | ||||||
U.S. Treasury Obligations — 5.7% | |||||||
U.S. Treasury Bonds | |||||||
1.750% | 08/15/41(a) | 14,386 | 8,959,781 | ||||
1.875% | 02/15/41 | 138 | 88,709 | ||||
2.250% | 05/15/41(a)(h)(k) | 78,945 | 54,163,671 | ||||
3.375% | 08/15/42 | 3,710 | 3,008,578 | ||||
U.S. Treasury Strips Coupon | |||||||
0.000%(s) | 02/15/41 | 130 | 53,666 | ||||
1.467%(s) | 11/15/41 | 500 | 198,613 | ||||
2.208%(s) | 05/15/39 | 1,575 | 719,640 | ||||
2.335%(s) | 08/15/44 | 2,500 | 870,898 | ||||
2.364%(s) | 05/15/45 | 3,420 | 1,148,906 | ||||
2.377%(s) | 08/15/45 | 1,250 | 415,674 | ||||
2.387%(s) | 05/15/43 | 4,015 | 1,480,688 | ||||
2.395%(s) | 11/15/43 | 619 | 223,179 | ||||
2.423%(s) | 11/15/40 | 430 | 180,197 | ||||
2.423%(s) | 05/15/44 | 7,225 | 2,546,248 | ||||
3.143%(s) | 08/15/41 | 1,350 | 542,215 | ||||
3.176%(s) | 08/15/40 | 120 | 51,070 | ||||
Total U.S. Treasury Obligations (cost $108,455,743) | 74,651,733 |
Shares | |||||
Common Stocks — 0.2% | |||||
Chemicals — 0.0% | |||||
TPC Group, Inc.*^ | 14,880 | 372,000 | |||
Gas Utilities — 0.1% | |||||
Ferrellgas Partners LP (Class B Stock) (original cost $1,543,888; purchased 10/25/19)(f) | 5,622 | 909,987 | |||
Oil, Gas & Consumable Fuels — 0.1% | |||||
Chesapeake Energy Corp.(a) | 12,213 | 1,053,127 | |||
Total Common Stocks (cost $1,102,049) | 2,335,114 | ||||
Preferred Stocks — 0.1% | |||||
Banks — 0.1% | |||||
Citigroup Capital XIII, 12.001%(c), 3 Month SOFR + 6.632%, Maturing 10/30/40 | 45,000 | 1,319,850 |
Shares | Value | |||||
Preferred Stocks (continued) | ||||||
Capital Markets — 0.0% | ||||||
State Street Corp., 5.350%(ff), Series G, Maturing 03/15/26(oo) | 35,000 | $812,000 | ||||
Total Preferred Stocks (cost $2,000,000) | 2,131,850 | |||||
Total Long-Term Investments (cost $1,471,634,905) | 1,320,264,643 | |||||
Short-Term Investments — 5.1% | ||||||
Affiliated Mutual Funds — 5.1% | ||||||
PGIM Core Ultra Short Bond Fund(wb) | 3,755,008 | 3,755,008 | ||||
PGIM Institutional Money Market Fund (cost $63,976,369; includes $63,629,646 of cash collateral for securities on loan)(b)(wb) | 64,032,314 | 63,993,894 | ||||
Total Affiliated Mutual Funds (cost $67,731,377) | 67,748,902 |
Interest Rate | Maturity Date | Principal Amount (000)# | |||||
Corporate Bond — 0.0% | |||||||
Entertainment | |||||||
Warnermedia Holdings, Inc., | |||||||
Gtd. Notes | |||||||
3.528% | 03/15/24 | 20 | 19,737 | ||||
(cost $19,964) | |||||||
Total Short-Term Investments (cost $67,751,341) | 67,768,639 | ||||||
TOTAL INVESTMENTS, BEFORE OPTION WRITTEN—105.6% (cost $1,539,386,246) | 1,388,033,282 | ||||||
Option Written*~ — (0.0)% | |||||||
(premiums received $0) | (70) | ||||||
TOTAL INVESTMENTS, NET OF OPTION WRITTEN—105.6% (cost $1,539,386,246) | 1,388,033,212 | ||||||
Liabilities in excess of other assets(z) — (5.6)% | (74,194,966) | ||||||
Net Assets — 100.0% | $1,313,838,246 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: | |
CAD | Canadian Dollar |
EUR | Euro |
GBP | British Pound |
NZD | New Zealand Dollar |
A33
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
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 |
BNP | BNP Paribas S.A. |
BOA | Bank of America, N.A. |
CDX | Credit Derivative Index |
CITI | Citibank, N.A. |
CLO | Collateralized Loan Obligation |
CME | Chicago Mercantile Exchange |
DAC | Designated Activity Company |
EMTN | Euro Medium Term Note |
EURIBOR | Euro Interbank Offered Rate |
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 |
MSI | Morgan Stanley & Co International PLC |
MTN | Medium Term Note |
OTC | Over-the-counter |
PIK | Payment-in-Kind |
Q | Quarterly payment frequency for swaps |
REITs | Real Estate Investment Trust |
REMIC | Real Estate Mortgage Investment Conduit |
S&P | Standard & Poor’s |
SOFR | Secured Overnight Financing Rate |
SONIA | Sterling Overnight Index Average |
STRIPs | Separate Trading of Registered Interest and Principal of Securities |
T | Swap payment upon termination |
TBA | To Be Announced |
USOIS | United States Overnight Index Swap |
* | Non-income producing security. |
# | Principal or notional amount is shown in U.S. dollars unless otherwise stated. |
~ | See tables subsequent to the Schedule of Investments for options detail. Options with maturity dates greater than one year from date of acquisition would be considered long-term investments. |
^ | Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $2,824,900 and 0.2% of net assets. |
(a) | All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $62,550,928; cash collateral of $63,629,646 (included in liabilities) was received with which the Portfolio purchased highly liquid short-term investments. In the event of significant appreciation in value of securities on loan on the last business day of the reporting period, the Portfolio may reflect a collateral value that is less than the market value of the loaned securities and such shortfall is remedied the following business day. |
(b) | Represents security, or portion thereof, purchased with cash collateral received for securities on loan and includes dividend reinvestment. |
(c) | Variable rate instrument. The interest rate shown reflects the rate in effect at September 30, 2023. |
(cc) | Variable rate instrument. The rate shown is based on the latest available information as of September 30, 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. |
(d) | Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity. |
(f) | Indicates a restricted security that is acquired in unregistered, private sales from the issuing company or from an affiliate of the issuer and is considered restricted as to disposition under federal securities law; the aggregate original cost of such securities is $5,494,090. The aggregate value of $2,581,673 is 0.2% of net assets. |
(ff) | Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end. |
(h) | Represents security, or a portion thereof, segregated as collateral for OTC derivatives. |
(k) | Represents security, or a portion thereof, segregated as collateral for centrally cleared/exchange-traded derivatives. |
(oo) | Perpetual security. Maturity date represents next call date. |
(p) | Represents a security with a delayed settlement and therefore the interest rate is not available until settlement which is after the period end. |
(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. |
(tt) | All or partial principal amount represents “TBA” mortgage dollar rolls. The aggregate mortgage dollar roll principal amount of $10,000,000 is 0.8% of net assets. |
(wb) | Represents an investment in a Fund affiliated with the Manager. |
(z) | Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments: |
A34
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Unfunded loan commitment outstanding at September 30, 2023:
Borrower | Principal Amount (000)# | Current Value | Unrealized Appreciation | Unrealized Depreciation | ||||
Tank Holding Corp., Delayed Draw Term Commitment, —%(p), Maturity Date 03/31/28 (cost $79,859) | 81,000 | $78,975 | $— | $(884) |
Forward Commitment Contracts: | |||||||||||
U.S. Government Agency Obligations | Interest Rate | Maturity Date | Settlement Date | Principal Amount (000)# | Value | ||||||
Federal National Mortgage Assoc. | 4.500% | TBA | 10/12/23 | $(2,000) | $(1,836,250) | ||||||
Federal National Mortgage Assoc. | 5.000% | TBA | 11/13/23 | (18,000) | (16,987,500) | ||||||
Federal National Mortgage Assoc. | 5.500% | TBA | 10/12/23 | (1,000) | (966,367) | ||||||
TOTAL FORWARD COMMITMENT CONTRACTS (proceeds receivable $19,946,113) | $(19,790,117) |
Option Written:
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) | 15,090 | $(70) | ||||||||||
(premiums received $0) |
†† | The value of the contract, GS_21-PJA is derived from the aggregate credit performance of a pool of senior prime jumbo mortgages. The pool of prime jumbo mortgages is reset monthly. |
Futures contracts outstanding at September 30, 2023: | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Long Positions: | ||||||||
3 | 3 Month CME SOFR | Dec. 2023 | $709,725 | $238 | ||||
266 | 3 Month CME SOFR | Mar. 2024 | 62,875,750 | (38,418) | ||||
3 | 3 Month CME SOFR | Jun. 2024 | 709,688 | (530) | ||||
680 | 2 Year U.S. Treasury Notes | Dec. 2023 | 137,843,438 | (308,834) | ||||
212 | 5 Year U.S. Treasury Notes | Dec. 2023 | 22,336,189 | (233,643) | ||||
811 | 10 Year U.S. Treasury Notes | Dec. 2023 | 87,638,688 | (1,553,358) | ||||
219 | 10 Year U.S. Ultra Treasury Notes | Dec. 2023 | 24,432,188 | (710,473) | ||||
236 | 30 Year U.S. Ultra Treasury Bonds | Dec. 2023 | 28,010,250 | (1,844,534) | ||||
(4,689,552) | ||||||||
Short Positions: | ||||||||
71 | 5 Year Euro-Bobl | Dec. 2023 | 8,688,745 | 118,135 | ||||
90 | 10 Year Euro-Bund | Dec. 2023 | 12,240,418 | 279,575 | ||||
154 | 20 Year U.S. Treasury Bonds | Dec. 2023 | 17,522,313 | 758,512 | ||||
28 | Euro Schatz Index | Dec. 2023 | 3,108,019 | 13,833 | ||||
1,170,055 | ||||||||
$(3,519,497) |
A35
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Forward foreign currency exchange contracts outstanding at September 30, 2023:
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
British Pound, | |||||||||||||
Expiring 10/03/23 | BARC | GBP | 8,802 | $10,747,834 | $10,739,279 | $— | $(8,555) | ||||||
Expiring 10/03/23 | BARC | GBP | 169 | 208,856 | 205,611 | — | (3,245) | ||||||
Expiring 10/03/23 | MSI | GBP | 169 | 210,762 | 205,936 | — | (4,826) | ||||||
Euro, | |||||||||||||
Expiring 10/03/23 | BARC | EUR | 788 | 846,698 | 833,516 | — | (13,182) | ||||||
Expiring 10/03/23 | BARC | EUR | 83 | 88,865 | 88,001 | — | (864) | ||||||
Expiring 10/03/23 | BNP | EUR | 97,810 | 103,512,149 | 103,426,646 | — | (85,503) | ||||||
Expiring 11/02/23 | HSBC | EUR | 237 | 250,000 | 250,522 | 522 | — | ||||||
New Zealand Dollar, | |||||||||||||
Expiring 10/19/23 | BARC | NZD | 1,620 | 1,020,955 | 971,237 | — | (49,718) | ||||||
$116,886,119 | $116,720,748 | 522 | (165,893) |
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
British Pound, | |||||||||||||
Expiring 10/03/23 | MSI | GBP | 9,139 | $11,538,776 | $11,150,826 | $387,950 | $— | ||||||
Expiring 11/02/23 | BARC | GBP | 8,802 | 10,749,577 | 10,741,289 | 8,288 | — | ||||||
Euro, | |||||||||||||
Expiring 10/03/23 | GSI | EUR | 96,586 | 104,336,214 | 102,132,199 | 2,204,015 | — | ||||||
Expiring 10/03/23 | HSBC | EUR | 1,738 | 1,893,187 | 1,837,417 | 55,770 | — | ||||||
Expiring 10/03/23 | MSI | EUR | 358 | 382,595 | 378,547 | 4,048 | — | ||||||
Expiring 11/02/23 | BNP | EUR | 97,810 | 103,639,302 | 103,559,724 | 79,578 | — | ||||||
New Zealand Dollar, | |||||||||||||
Expiring 10/19/23 | CITI | NZD | 1,620 | 966,261 | 971,237 | — | (4,976) | ||||||
$233,505,912 | $230,771,239 | 2,739,649 | (4,976) | ||||||||||
$2,740,171 | $(170,869) |
Credit default swap agreements outstanding at September 30, 2023:
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at September 30, 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 | 10/16/23 | 0.500%(M) | 8,459 | * | $5,513 | $(117) | $5,630 | 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): | ||||||||||||||||
Republic of Italy | 12/20/27 | 1.000%(Q) | EUR | 1,755 | $(29,321) | $(56,092) | $26,771 | BARC | ||||||||
United Mexican States | 12/20/24 | 1.000%(Q) | 160 | (1,210) | 275 | (1,485) | CITI | |||||||||
United Mexican States | 12/20/24 | 1.000%(Q) | 130 | (982) | 268 | (1,250) | CITI | |||||||||
$(31,513) | $(55,549) | $24,036 |
A36
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Credit default swap agreements outstanding at September 30, 2023 (continued):
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at September 30, 2023(4) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2): | |||||||||||||||||
Bombardier, Inc. | 12/20/23 | 5.000%(Q) | 800 | 1.337% | $7,789 | $6,527 | $1,262 | MSI | |||||||||
International Bank for Reconstruction & Development | 03/20/24 | 0.250%(Q) | 10,710 | 0.216% | 2,510 | 4,961 | (2,451) | BOA | |||||||||
Petroleos Mexicanos | 12/20/24 | 1.000%(Q) | 160 | 3.525% | (4,670) | (3,689) | (981) | CITI | |||||||||
Petroleos Mexicanos | 12/20/24 | 1.000%(Q) | 130 | 3.525% | (3,794) | (3,032) | (762) | CITI | |||||||||
$1,835 | $4,767 | $(2,932) |
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at September 30, 2023(4) | Value at Trade Date | Value at September 30, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2): | |||||||||||||||
CDX.NA.HY.41.V1 | 12/20/28 | 5.000%(Q) | 47,170 | 4.795% | $366,130 | $455,696 | $89,566 |
The Portfolio entered into credit default swaps (“CDS”) to provide a measure of protection against defaults or to take an active long or short position with respect to the likelihood of a particular issuer’s default or the reference entity’s credit soundness. CDS contracts generally trade based on a spread which represents the cost a protection buyer has to pay the protection seller. The protection buyer is said to be short the credit as the value of the contract rises the more the credit deteriorates. The value of the CDS contract increases for the protection buyer if the spread increases.
(1) | If the Portfolio is a buyer of protection, it pays the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and make delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
(2) | If the Portfolio is a seller of protection, it receives the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
(3) | Notional amount represents the maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
(4) | Implied credit spreads, represented in absolute terms, utilized in determining the fair value of credit default swap agreements where the Portfolio is the seller of protection as of the reporting date serve as an indicator of the current status of the payment/ performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include up-front payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement. |
* | When an implied credit spread is not available, reference the fair value of credit default swap agreements on credit indices and asset-backed 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. |
A37
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Interest rate swap agreements outstanding at September 30, 2023:
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at September 30, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements: | ||||||||||||||
GBP | 3,946 | 05/08/26 | 1.000%(A) | 1 Day SONIA(1)(A)/ 5.187% | $(184,608) | $533,860 | $718,468 | |||||||
GBP | 2,920 | 05/08/27 | 1.050%(A) | 1 Day SONIA(1)(A)/ 5.187% | 150,731 | 486,363 | 335,632 | |||||||
GBP | 2,100 | 05/08/30 | 1.100%(A) | 1 Day SONIA(1)(A)/ 5.187% | (145,549) | 519,517 | 665,066 | |||||||
GBP | 767 | 05/08/31 | 1.150%(A) | 1 Day SONIA(2)(A)/ 5.187% | 38,111 | (206,155) | (244,266) | |||||||
GBP | 740 | 05/08/32 | 1.150%(A) | 1 Day SONIA(1)(A)/ 5.187% | 52,659 | 218,217 | 165,558 | |||||||
GBP | 230 | 05/08/34 | 1.200%(A) | 1 Day SONIA(1)(A)/ 5.187% | (9,088) | 77,517 | 86,605 | |||||||
41,700 | 03/08/24 | 5.386%(T) | 1 Day SOFR(2)(T)/ 5.310% | (65) | 40,881 | 40,946 | ||||||||
134,680 | 08/31/24 | 5.384%(T) | 1 Day SOFR(2)(T)/ 5.310% | — | (103,979) | (103,979) | ||||||||
13,780 | 03/08/25 | 4.946%(A) | 1 Day SOFR(2)(A)/ 5.310% | — | (70,704) | (70,704) | ||||||||
17,596 | 03/09/25 | 5.110%(A) | 1 Day SOFR(2)(A)/ 5.310% | — | (34,529) | (34,529) | ||||||||
35,145 | 03/10/25 | 5.088%(A) | 1 Day SOFR(2)(A)/ 5.310% | — | (84,381) | (84,381) | ||||||||
69,445 | 08/31/25 | 4.805%(A) | 1 Day SOFR(1)(A)/ 5.310% | — | 298,095 | 298,095 | ||||||||
9,580 | 09/25/26 | 4.699%(A) | 1 Day SOFR(1)(A)/ 5.310% | 1,772 | (13,164) | (14,936) | ||||||||
$(96,037) | $1,661,538 | $1,757,575 |
(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 September 30, 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 -45 bps(T)/ 4.880% | GSI | 03/20/24 | (18,694) | $833,255 | $— | $833,255 | |||||||
U.S. Treasury Bond(T) | 1 Day USOIS +20 bps(T)/ 5.530% | JPM | 12/02/23 | 15,220 | (2,110,971) | — | (2,110,971) | |||||||
U.S. Treasury Bond(T) | 1 Day USOIS +18 bps(T)/ 5.510% | JPM | 01/18/24 | 8,530 | (905,536) | — | (905,536) | |||||||
U.S. Treasury Bond(T) | 1 Day USOIS +18 bps(T)/ 5.510% | GSI | 01/19/24 | 15,820 | (1,728,731) | — | (1,728,731) | |||||||
U.S. Treasury Bond(T) | 1 Day USOIS +18 bps(T)/ 5.510% | JPM | 01/23/24 | 15,190 | (1,856,334) | — | (1,856,334) | |||||||
U.S. Treasury Bond(T) | 1 Day USOIS +18 bps(T)/ 5.510% | JPM | 01/29/24 | 12,265 | (1,291,892) | — | (1,291,892) | |||||||
U.S. Treasury Bond(T) | 1 Day USOIS +19 bps(T)/ 5.520% | GSI | 02/01/24 | 17,905 | (1,772,887) | — | (1,772,887) | |||||||
$(8,833,096) | $— | $(8,833,096) |
(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). |
†† | See the table below for the swap constituents. To the extent that any swap is composed of greater than 50 constituents, the Portfolio is only required to disclose the top 50. |
The following table represents the top 50 individual positions and related values of underlying securities of Total Return Benchmark Bond Index total return swap with GSI, as of September 30, 2023, termination date 03/30/2024:
A38
PSF PGIM TOTAL RETURN BOND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Corporate Bond:
Reference Entity | Shares | Market Value | % of Total Index Value | |||
FedEx Corp. | 3,111,900 | $ 8,973,021 | 1.49% | |||
Halliburton Co. | 2,300,100 | 8,644,703 | 1.44% | |||
Anheuser-Busch InBev Worldwide, Inc. | 15,694,800 | 8,479,300 | 1.41% | |||
Becton, Dickinson & Co. | 1,758,900 | 8,460,730 | 1.41% | |||
MetLife, Inc. | 2,164,800 | 8,416,489 | 1.40% | |||
Williams Cos., Inc. | 2,029,500 | 8,391,006 | 1.40% | |||
TransCanada PipeLines Ltd. | 2,300,100 | 8,336,153 | 1.39% | |||
Abbvie, Inc. | 10,282,800 | 8,076,051 | 1.34% | |||
General Motors Co. | 4,870,800 | 7,892,924 | 1.31% | |||
Northrop Grumman Corp. | 2,164,800 | 7,828,668 | 1.30% | |||
American International Group, Inc. | 3,111,900 | 7,827,572 | 1.30% | |||
Fiserv, Inc. | 1,758,900 | 7,775,027 | 1.29% | |||
McDonald’s Corp. | 3,788,400 | 7,754,567 | 1.29% | |||
Pacific Gas & Electric Co. | 4,600,200 | 7,592,002 | 1.26% | |||
Telefonica Emisiones, S.A.U. | 5,412,000 | 7,588,654 | 1.26% | |||
PepsiCo, Inc. | 4,464,900 | 7,507,326 | 1.25% | |||
Equinor ASA | 1,758,900 | 7,470,167 | 1.24% | |||
CVS Health Corp. | 9,200,400 | 7,386,782 | 1.23% | |||
3M Co. | 1,217,700 | 7,291,467 | 1.21% | |||
NVIDIA Corp. | 1,623,600 | 7,289,197 | 1.21% | |||
ConocoPhillips Co. | 2,029,500 | 7,254,150 | 1.21% | |||
Vodafone Group PLC | 4,194,300 | 7,222,598 | 1.20% | |||
Caterpillar, Inc. | 2,164,800 | 7,176,835 | 1.19% | |||
ExxonMobil Corp. | 6,223,800 | 7,123,885 | 1.18% | |||
Nike, Inc. | 1,623,600 | 7,122,455 | 1.18% | |||
Bank of America Corp. | 40,319,400 | 7,079,978 | 1.18% | |||
Morgan Stanley | 27,871,800 | 7,032,170 | 1.17% | |||
The Walt Disney Co. | 6,494,400 | 7,029,879 | 1.17% | |||
Paramount Global | 2,300,100 | 6,956,200 | 1.16% | |||
Carrier Global Corp. | 1,894,200 | 6,933,286 | 1.15% | |||
Qualcomm, Inc. | 2,570,700 | 6,909,269 | 1.15% | |||
Starbucks Corp. | 2,029,500 | 6,894,129 | 1.15% | |||
Oracle Corp. | 15,559,500 | 6,862,182 | 1.14% | |||
Dow Chemical Co. | 2,164,800 | 6,844,538 | 1.14% | |||
Simon Property Group LP | 3,382,500 | 6,842,095 | 1.14% | |||
Elevance Health, Inc. | 3,788,400 | 6,839,007 | 1.14% | |||
Wells Fargo & Co. | 34,230,900 | 6,803,176 | 1.13% | |||
Shell International Finance BV | 6,900,300 | 6,797,349 | 1.13% | |||
Amazon.com, Inc. | 10,147,500 | 6,713,646 | 1.12% | |||
Broadcom, Inc. | 6,629,700 | 6,712,049 | 1.12% | |||
Burlington Northern Santa Fe LLC | 3,247,200 | 6,709,397 | 1.12% | |||
UnitedHealth Group, Inc. | 8,523,900 | 6,702,842 | 1.11% | |||
The Coca-Cola Co. | 4,194,300 | 6,689,886 | 1.11% | |||
AstraZeneca PLC | 3,111,900 | 6,638,975 | 1.10% | |||
TotalEnergies Capital International S.A. | 2,435,400 | 6,613,495 | 1.10% | |||
Verizon Communications, Inc. | 20,024,400 | 6,594,635 | 1.10% | |||
Microsoft Corp. | 10,553,400 | 6,574,155 | 1.09% | |||
Duke Energy Corp. | 2,435,400 | 6,565,107 | 1.09% | |||
Cigna Corp. | 5,547,300 | 6,563,934 | 1.09% | |||
Enterprise Products Operating LLC | 5,412,000 | 6,549,607 | 1.09% | |||
$364,332,715 | ||||||
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).
A39