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Prudential Series Fund similar filings
- 28 May 24 PSF Stock Index Portfolio (Mar 2024 report)
- 28 May 24 PSF Natural Resources Portfolio (Mar 2024 report)
- 28 May 24 PSF PGIM Jennison Value Portfolio (Mar 2024 report)
- 28 May 24 PSF PGIM 50/50 Balanced Portfolio (Mar 2024 report)
- 28 May 24 PSF PGIM Total Return Bond Portfolio (Mar 2024 report)
- 28 May 24 PSF PGIM Flexible Managed Portfolio (Mar 2024 report)
- 28 May 24 PSF PGIM Government Income Portfolio (Mar 2024 report)
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PSF PGIM 50/50 BALANCED
PORTFOLIO
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Shares | Value | |||||
Long-Term Investments — 89.5% | ||||||
Common Stocks — 50.1% | ||||||
Aerospace & Defense — 0.8% | ||||||
Axon Enterprise, Inc.* | 2,100 | $657,048 | ||||
BAE Systems PLC (United Kingdom) | 2,797 | 47,676 | ||||
Boeing Co. (The)* | 16,850 | 3,251,882 | ||||
General Dynamics Corp. | 6,800 | 1,920,932 | ||||
Howmet Aerospace, Inc. | 11,480 | 785,576 | ||||
Huntington Ingalls Industries, Inc. | 1,200 | 349,764 | ||||
Kongsberg Gruppen ASA (Norway) | 110 | 7,595 | ||||
L3Harris Technologies, Inc. | 5,570 | 1,186,967 | ||||
Lockheed Martin Corp. | 6,520 | 2,965,752 | ||||
Melrose Industries PLC (United Kingdom) | 6,609 | 56,116 | ||||
MTU Aero Engines AG (Germany) | 40 | 10,145 | ||||
Northrop Grumman Corp. | 4,222 | 2,020,903 | ||||
Rheinmetall AG (Germany) | 35 | 19,685 | ||||
Rolls-Royce Holdings PLC (United Kingdom)* | 27,807 | 149,612 | ||||
RTX Corp. | 39,055 | 3,809,034 | ||||
Safran SA (France) | 271 | 61,374 | ||||
Singapore Technologies Engineering Ltd. (Singapore) | 1,700 | 5,061 | ||||
Textron, Inc. | 6,100 | 585,173 | ||||
TransDigm Group, Inc. | 1,630 | 2,007,508 | ||||
19,897,803 | ||||||
Air Freight & Logistics — 0.2% | ||||||
C.H. Robinson Worldwide, Inc.(a) | 3,600 | 274,104 | ||||
Expeditors International of Washington, Inc.(a) | 4,300 | 522,751 | ||||
FedEx Corp. | 6,780 | 1,964,437 | ||||
United Parcel Service, Inc. (Class B Stock) | 21,300 | 3,165,819 | ||||
5,927,111 | ||||||
Automobile Components — 0.0% | ||||||
Aptiv PLC* | 8,200 | 653,130 | ||||
BorgWarner, Inc. | 7,100 | 246,654 | ||||
Denso Corp. (Japan) | 1,600 | 30,643 | ||||
Koito Manufacturing Co. Ltd. (Japan) | 500 | 6,740 | ||||
Sumitomo Electric Industries Ltd. (Japan) | 600 | 9,297 | ||||
946,464 | ||||||
Automobiles — 0.7% | ||||||
Bayerische Motoren Werke AG (Germany) | 1,030 | 118,840 | ||||
Ford Motor Co. | 114,885 | 1,525,673 | ||||
General Motors Co. | 34,000 | 1,541,900 | ||||
Mazda Motor Corp. (Japan) | 8,300 | 96,194 | ||||
Stellantis NV | 4,881 | 138,664 | ||||
Subaru Corp. (Japan) | 4,700 | 106,445 | ||||
Tesla, Inc.* | 81,620 | 14,347,980 | ||||
Toyota Motor Corp. (Japan) | 4,600 | 116,265 | ||||
Volvo Car AB (Sweden) (Class B Stock)* | 18,852 | 71,373 | ||||
18,063,334 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Banks — 1.7% | ||||||
ABN AMRO Bank NV (Netherlands), 144A, CVA | 393 | $6,725 | ||||
AIB Group PLC (Ireland) | 1,368 | 6,945 | ||||
Banco Bilbao Vizcaya Argentaria SA (Spain) | 10,282 | 122,443 | ||||
Banco Santander SA (Spain) | 13,259 | 64,763 | ||||
Bank of America Corp. | 202,741 | 7,687,939 | ||||
Barclays PLC (United Kingdom) | 18,431 | 42,717 | ||||
BOC Hong Kong Holdings Ltd. (China) | 2,000 | 5,363 | ||||
CaixaBank SA (Spain) | 3,551 | 17,232 | ||||
Citigroup, Inc. | 56,035 | 3,543,653 | ||||
Citizens Financial Group, Inc. | 14,500 | 526,205 | ||||
Comerica, Inc. | 3,900 | 214,461 | ||||
Commerzbank AG (Germany) | 726 | 9,978 | ||||
Commonwealth Bank of Australia (Australia) | 206 | 16,159 | ||||
Credit Agricole SA (France) | 3,867 | 57,688 | ||||
Danske Bank A/S (Denmark) | 567 | 17,019 | ||||
DNB Bank ASA (Norway) | 764 | 15,186 | ||||
Erste Group Bank AG (Austria) | 865 | 38,551 | ||||
Fifth Third Bancorp | 20,021 | 744,981 | ||||
HSBC Holdings PLC (United Kingdom) | 18,775 | 146,761 | ||||
Huntington Bancshares, Inc. | 44,536 | 621,277 | ||||
Intesa Sanpaolo SpA (Italy) | 29,780 | 108,117 | ||||
JPMorgan Chase & Co. | 85,145 | 17,054,544 | ||||
KeyCorp | 29,100 | 460,071 | ||||
M&T Bank Corp. | 4,905 | 713,383 | ||||
Mitsubishi UFJ Financial Group, Inc. (Japan) | 11,800 | 120,054 | ||||
National Australia Bank Ltd. (Australia) | 4,872 | 110,312 | ||||
NatWest Group PLC (United Kingdom) | 3,909 | 13,093 | ||||
Nordea Bank Abp (Finland) | 2,806 | 31,721 | ||||
Oversea-Chinese Banking Corp. Ltd. (Singapore) | 11,200 | 111,909 | ||||
PNC Financial Services Group, Inc. (The) | 11,733 | 1,896,053 | ||||
Regions Financial Corp.(a) | 28,203 | 593,391 | ||||
Skandinaviska Enskilda Banken AB (Sweden) (Class A Stock) | 1,195 | 16,189 | ||||
Sumitomo Mitsui Trust Holdings, Inc. (Japan) | 300 | 6,464 | ||||
Svenska Handelsbanken AB (Sweden) (Class A Stock) | 716 | 7,239 | ||||
Swedbank AB (Sweden) (Class A Stock) | 708 | 14,052 | ||||
Truist Financial Corp. | 39,301 | 1,531,953 | ||||
U.S. Bancorp | 45,785 | 2,046,590 | ||||
UniCredit SpA (Italy) | 3,008 | 114,242 | ||||
United Overseas Bank Ltd. (Singapore) | 800 | 17,392 | ||||
Wells Fargo & Co. | 105,964 | 6,141,673 | ||||
Westpac Banking Corp. (Australia) | 2,850 | 48,473 | ||||
45,062,961 | ||||||
Beverages — 0.7% | ||||||
Asahi Group Holdings Ltd. (Japan) | 300 | 11,016 | ||||
Brown-Forman Corp. (Class B Stock) | 5,275 | 272,296 | ||||
Coca-Cola Co. (The) | 116,101 | 7,103,059 |
A1
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Beverages (cont’d.) | ||||||
Coca-Cola Europacific Partners PLC (United Kingdom) | 100 | $6,995 | ||||
Coca-Cola HBC AG (Italy)* | 184 | 5,815 | ||||
Constellation Brands, Inc. (Class A Stock) | 4,740 | 1,288,142 | ||||
Keurig Dr. Pepper, Inc. | 31,200 | 956,904 | ||||
Molson Coors Beverage Co. (Class B Stock) | 5,600 | 376,600 | ||||
Monster Beverage Corp.* | 21,700 | 1,286,376 | ||||
PepsiCo, Inc. | 40,407 | 7,071,629 | ||||
18,378,832 | ||||||
Biotechnology — 1.0% | ||||||
AbbVie, Inc. | 52,001 | 9,469,382 | ||||
Amgen, Inc. | 15,737 | 4,474,344 | ||||
Biogen, Inc.* | 4,260 | 918,584 | ||||
Gilead Sciences, Inc. | 36,700 | 2,688,275 | ||||
Incyte Corp.* | 5,700 | 324,729 | ||||
Moderna, Inc.*(a) | 9,750 | 1,038,960 | ||||
Regeneron Pharmaceuticals, Inc.* | 3,100 | 2,983,719 | ||||
Vertex Pharmaceuticals, Inc.* | 7,600 | 3,176,876 | ||||
25,074,869 | ||||||
Broadline Retail — 1.9% | ||||||
Amazon.com, Inc.* | 269,200 | 48,558,296 | ||||
eBay, Inc. | 15,700 | 828,646 | ||||
Etsy, Inc.* | 3,700 | 254,264 | ||||
Next PLC (United Kingdom) | 156 | 18,184 | ||||
Prosus NV (China)* | 1,208 | 37,811 | ||||
49,697,201 | ||||||
Building Products — 0.3% | ||||||
A.O. Smith Corp. | 3,700 | 331,002 | ||||
Allegion PLC | 2,533 | 341,221 | ||||
Builders FirstSource, Inc.* | 3,600 | 750,780 | ||||
Carrier Global Corp. | 24,602 | 1,430,114 | ||||
Cie de Saint-Gobain SA (France) | 686 | 53,243 | ||||
Johnson Controls International PLC | 20,522 | 1,340,497 | ||||
Masco Corp. | 6,700 | 528,496 | ||||
Trane Technologies PLC | 6,700 | 2,011,340 | ||||
6,786,693 | ||||||
Capital Markets — 1.4% | ||||||
3i Group PLC (United Kingdom) | 2,726 | 96,657 | ||||
Ameriprise Financial, Inc. | 2,820 | 1,236,401 | ||||
Amundi SA (France), 144A | 78 | 5,358 | ||||
Bank of New York Mellon Corp. (The) | 22,358 | 1,288,268 | ||||
BlackRock, Inc. | 4,110 | 3,426,507 | ||||
Blackstone, Inc. | 21,200 | 2,785,044 | ||||
Cboe Global Markets, Inc. | 3,000 | 551,190 | ||||
Charles Schwab Corp. (The) | 43,850 | 3,172,109 | ||||
CME Group, Inc. | 10,500 | 2,260,545 | ||||
Deutsche Bank AG (Germany) | 5,834 | 91,887 | ||||
Deutsche Boerse AG (Germany) | 71 | 14,540 | ||||
FactSet Research Systems, Inc. | 1,000 | 454,390 | ||||
Franklin Resources, Inc.(a) | 8,700 | 244,557 | ||||
Goldman Sachs Group, Inc. (The) | 9,480 | 3,959,701 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Capital Markets (cont’d.) | ||||||
Hargreaves Lansdown PLC (United Kingdom) | 525 | $4,873 | ||||
Intercontinental Exchange, Inc. | 16,855 | 2,316,383 | ||||
Invesco Ltd. | 14,300 | 237,237 | ||||
MarketAxess Holdings, Inc. | 1,020 | 223,635 | ||||
Moody’s Corp. | 4,650 | 1,827,589 | ||||
Morgan Stanley | 36,919 | 3,476,293 | ||||
MSCI, Inc. | 2,320 | 1,300,244 | ||||
Nasdaq, Inc. | 11,400 | 719,340 | ||||
Northern Trust Corp. | 6,000 | 533,520 | ||||
Raymond James Financial, Inc. | 5,750 | 738,415 | ||||
S&P Global, Inc. | 9,660 | 4,109,847 | ||||
Singapore Exchange Ltd. (Singapore) | 800 | 5,459 | ||||
St. James’s Place PLC (United Kingdom) | 1,029 | 6,037 | ||||
State Street Corp. | 8,900 | 688,148 | ||||
T. Rowe Price Group, Inc. | 6,800 | 829,056 | ||||
UBS Group AG (Switzerland) | 2,657 | 81,811 | ||||
36,685,041 | ||||||
Chemicals — 0.8% | ||||||
Air Products & Chemicals, Inc. | 6,500 | 1,574,755 | ||||
Albemarle Corp.(a) | 3,500 | 461,090 | ||||
Arkema SA (France) | 48 | 5,053 | ||||
Celanese Corp.(a) | 2,800 | 481,208 | ||||
CF Industries Holdings, Inc. | 5,500 | 457,655 | ||||
Corteva, Inc. | 20,647 | 1,190,713 | ||||
Dow, Inc. | 20,647 | 1,196,081 | ||||
DuPont de Nemours, Inc.(a) | 12,647 | 969,645 | ||||
Eastman Chemical Co. | 3,400 | 340,748 | ||||
Ecolab, Inc. | 7,600 | 1,754,840 | ||||
FMC Corp. | 4,000 | 254,800 | ||||
Givaudan SA (Switzerland) | 3 | 13,355 | ||||
International Flavors & Fragrances, Inc. | 7,600 | 653,524 | ||||
Linde PLC | 14,500 | 6,732,640 | ||||
LyondellBasell Industries NV (Class A Stock) | 7,700 | 787,556 | ||||
Mitsubishi Chemical Group Corp. (Japan) | 1,100 | 6,704 | ||||
Mosaic Co. (The) | 10,300 | 334,338 | ||||
Nippon Sanso Holdings Corp. (Japan) | 1,900 | 59,614 | ||||
Nitto Denko Corp. (Japan) | 100 | 9,144 | ||||
Orica Ltd. (Australia) | 460 | 5,471 | ||||
PPG Industries, Inc. | 7,100 | 1,028,790 | ||||
Sherwin-Williams Co. (The) | 6,950 | 2,413,944 | ||||
Shin-Etsu Chemical Co. Ltd. (Japan) | 500 | 21,931 | ||||
Solvay SA (Belgium) | 806 | 21,997 | ||||
Syensqo SA (Belgium)* | 142 | 13,455 | ||||
Yara International ASA (Brazil) | 122 | 3,869 | ||||
20,792,920 | ||||||
Commercial Services & Supplies — 0.3% | ||||||
Brambles Ltd. (Australia) | 3,822 | 40,223 | ||||
Cintas Corp. | 2,540 | 1,745,056 | ||||
Copart, Inc.* | 26,500 | 1,534,880 | ||||
Republic Services, Inc. | 6,365 | 1,218,516 | ||||
Rollins, Inc.(a) | 8,200 | 379,414 | ||||
Veralto Corp. | 6,333 | 561,484 |
A2
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Commercial Services & Supplies (cont’d.) | ||||||
Waste Management, Inc. | 10,942 | $2,332,287 | ||||
7,811,860 | ||||||
Communications Equipment — 0.4% | ||||||
Arista Networks, Inc.* | 7,400 | 2,145,852 | ||||
Cisco Systems, Inc. | 119,700 | 5,974,227 | ||||
F5, Inc.* | 1,700 | 322,303 | ||||
Juniper Networks, Inc. | 9,900 | 366,894 | ||||
Motorola Solutions, Inc. | 4,989 | 1,770,995 | ||||
Nokia OYJ (Finland) | 4,408 | 15,640 | ||||
10,595,911 | ||||||
Construction & Engineering — 0.1% | ||||||
ACS Actividades de Construccion y Servicios SA (Spain) | 174 | 7,287 | ||||
Eiffage SA (France) | 642 | 72,862 | ||||
Quanta Services, Inc. | 4,200 | 1,091,160 | ||||
Vinci SA (France) | 1,037 | 133,077 | ||||
1,304,386 | ||||||
Construction Materials — 0.1% | ||||||
CRH PLC | 576 | 49,714 | ||||
Heidelberg Materials AG (Germany) | 672 | 73,975 | ||||
Holcim AG* | 1,386 | 125,567 | ||||
James Hardie Industries PLC, CDI* | 360 | 14,470 | ||||
Martin Marietta Materials, Inc. | 1,820 | 1,117,371 | ||||
Vulcan Materials Co. | 3,800 | 1,037,096 | ||||
2,418,193 | ||||||
Consumer Finance — 0.3% | ||||||
American Express Co. | 16,800 | 3,825,192 | ||||
Capital One Financial Corp. | 11,161 | 1,661,761 | ||||
Discover Financial Services | 7,440 | 975,310 | ||||
Synchrony Financial | 12,572 | 542,105 | ||||
7,004,368 | ||||||
Consumer Staples Distribution & Retail — 0.9% | ||||||
Carrefour SA (France) | 431 | 7,393 | ||||
Coles Group Ltd. (Australia) | 1,152 | 12,717 | ||||
Costco Wholesale Corp. | 13,060 | 9,568,148 | ||||
Dollar General Corp. | 6,400 | 998,784 | ||||
Dollar Tree, Inc.* | 6,265 | 834,185 | ||||
J Sainsbury PLC (United Kingdom) | 1,371 | 4,681 | ||||
Koninklijke Ahold Delhaize NV (Netherlands) | 3,312 | 99,101 | ||||
Kroger Co. (The) | 19,492 | 1,113,578 | ||||
Sysco Corp. | 15,300 | 1,242,054 | ||||
Target Corp. | 13,560 | 2,402,968 | ||||
Tesco PLC (United Kingdom) | 5,446 | 20,398 | ||||
Walgreens Boots Alliance, Inc. | 22,300 | 483,687 | ||||
Walmart, Inc. | 126,100 | 7,587,437 | ||||
24,375,131 | ||||||
Containers & Packaging — 0.1% | ||||||
Amcor PLC(a) | 43,850 | 417,013 | ||||
Avery Dennison Corp. | 2,300 | 513,475 | ||||
Ball Corp. | 9,400 | 633,184 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Containers & Packaging (cont’d.) | ||||||
International Paper Co. | 10,673 | $416,460 | ||||
Packaging Corp. of America | 2,500 | 474,450 | ||||
Smurfit Kappa Group PLC (Ireland) | 216 | 9,849 | ||||
Westrock Co. | 7,744 | 382,941 | ||||
2,847,372 | ||||||
Distributors — 0.1% | ||||||
Genuine Parts Co. | 4,000 | 619,720 | ||||
LKQ Corp. | 7,900 | 421,939 | ||||
Pool Corp.(a) | 1,080 | 435,780 | ||||
1,477,439 | ||||||
Diversified REITs — 0.0% | ||||||
GPT Group (The) (Australia) | 1,408 | 4,190 | ||||
Stockland (Australia) | 1,757 | 5,552 | ||||
9,742 | ||||||
Diversified Telecommunication Services — 0.4% | ||||||
AT&T, Inc. | 210,536 | 3,705,434 | ||||
BT Group PLC (United Kingdom) | 5,394 | 7,465 | ||||
Deutsche Telekom AG (Germany) | 2,648 | 64,279 | ||||
HKT Trust & HKT Ltd. (Hong Kong), UTS | 3,000 | 3,500 | ||||
Koninklijke KPN NV (Netherlands) | 17,877 | 66,867 | ||||
Orange SA (France) | 4,596 | 54,049 | ||||
Telstra Group Ltd. (Australia) | 3,256 | 8,190 | ||||
Verizon Communications, Inc. | 123,776 | 5,193,641 | ||||
9,103,425 | ||||||
Electric Utilities — 0.7% | ||||||
Alliant Energy Corp. | 8,100 | 408,240 | ||||
American Electric Power Co., Inc. | 15,660 | 1,348,326 | ||||
Chubu Electric Power Co., Inc. (Japan) | 3,400 | 44,459 | ||||
Constellation Energy Corp. | 9,404 | 1,738,329 | ||||
Duke Energy Corp. | 22,661 | 2,191,545 | ||||
Edison International | 11,300 | 799,249 | ||||
Endesa SA (Spain) | 4,128 | 76,539 | ||||
Enel SpA (Italy) | 6,077 | 40,117 | ||||
Entergy Corp. | 6,300 | 665,784 | ||||
Evergy, Inc. | 6,700 | 357,646 | ||||
Eversource Energy | 10,300 | 615,631 | ||||
Exelon Corp. | 29,813 | 1,120,074 | ||||
FirstEnergy Corp. | 15,156 | 585,325 | ||||
Kansai Electric Power Co., Inc. (The) (Japan) | 1,100 | 15,696 | ||||
NextEra Energy, Inc. | 60,400 | 3,860,164 | ||||
NRG Energy, Inc. | 7,000 | 473,830 | ||||
PG&E Corp. | 64,000 | 1,072,640 | ||||
Pinnacle West Capital Corp. | 3,700 | 276,501 | ||||
PPL Corp. | 22,400 | 616,672 | ||||
Southern Co. (The) | 32,100 | 2,302,854 | ||||
Tokyo Electric Power Co. Holdings, Inc. (Japan)* | 4,000 | 24,313 | ||||
Xcel Energy, Inc. | 16,510 | 887,413 | ||||
19,521,347 |
A3
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Electrical Equipment — 0.3% | ||||||
ABB Ltd. (Switzerland) | 3,309 | $153,506 | ||||
AMETEK, Inc. | 6,900 | 1,262,010 | ||||
Eaton Corp. PLC | 11,737 | 3,669,925 | ||||
Emerson Electric Co. | 17,300 | 1,962,166 | ||||
Generac Holdings, Inc.* | 1,900 | 239,666 | ||||
Hubbell, Inc. | 1,600 | 664,080 | ||||
Legrand SA (France) | 210 | 22,238 | ||||
Rockwell Automation, Inc. | 3,300 | 961,389 | ||||
8,934,980 | ||||||
Electronic Equipment, Instruments & Components — 0.3% | ||||||
Amphenol Corp. (Class A Stock) | 17,600 | 2,030,160 | ||||
CDW Corp. | 4,050 | 1,035,909 | ||||
Corning, Inc. | 22,600 | 744,896 | ||||
Jabil, Inc. | 3,700 | 495,615 | ||||
Keysight Technologies, Inc.* | 5,100 | 797,538 | ||||
Shimadzu Corp. (Japan) | 1,700 | 47,352 | ||||
TE Connectivity Ltd. | 9,100 | 1,321,684 | ||||
Teledyne Technologies, Inc.* | 1,360 | 583,875 | ||||
Trimble, Inc.* | 7,400 | 476,264 | ||||
Yokogawa Electric Corp. (Japan) | 1,200 | 27,635 | ||||
Zebra Technologies Corp. (Class A Stock)* | 1,370 | 412,973 | ||||
7,973,901 | ||||||
Energy Equipment & Services — 0.2% | ||||||
Baker Hughes Co. | 30,098 | 1,008,283 | ||||
Halliburton Co. | 26,200 | 1,032,804 | ||||
Schlumberger NV | 42,024 | 2,303,335 | ||||
4,344,422 | ||||||
Entertainment — 0.7% | ||||||
Bollore SE (France) | 800 | 5,345 | ||||
Capcom Co. Ltd. (Japan) | 400 | 7,494 | ||||
Electronic Arts, Inc. | 7,300 | 968,491 | ||||
Konami Group Corp. (Japan) | 100 | 6,812 | ||||
Live Nation Entertainment, Inc.* | 4,100 | 433,657 | ||||
Netflix, Inc.* | 12,750 | 7,743,457 | ||||
Nintendo Co. Ltd. (Japan) | 800 | 43,652 | ||||
Take-Two Interactive Software, Inc.* | 4,800 | 712,752 | ||||
Walt Disney Co. (The) | 53,982 | 6,605,238 | ||||
Warner Bros Discovery, Inc.* | 68,276 | 596,049 | ||||
17,122,947 | ||||||
Financial Services — 2.1% | ||||||
Adyen NV (Netherlands), 144A* | 27 | 45,607 | ||||
Berkshire Hathaway, Inc. (Class B Stock)* | 53,755 | 22,605,053 | ||||
Corpay, Inc.* | 2,100 | 647,934 | ||||
EXOR NV (Netherlands) | 78 | 8,680 | ||||
Fidelity National Information Services, Inc. | 17,400 | 1,290,732 | ||||
Fiserv, Inc.*(a) | 18,000 | 2,876,760 | ||||
Global Payments, Inc. | 7,877 | 1,052,840 | ||||
Investor AB (Sweden) (Class B Stock) | 4,088 | 102,586 | ||||
Jack Henry & Associates, Inc. | 2,100 | 364,833 | ||||
M&G PLC (United Kingdom) | 1,919 | 5,341 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Financial Services (cont’d.) | ||||||
Mastercard, Inc. (Class A Stock) | 24,250 | $11,678,072 | ||||
ORIX Corp. (Japan) | 1,000 | 21,872 | ||||
PayPal Holdings, Inc.* | 31,500 | 2,110,185 | ||||
Visa, Inc. (Class A Stock)(a) | 46,600 | 13,005,128 | ||||
55,815,623 | ||||||
Food Products — 0.4% | ||||||
Archer-Daniels-Midland Co. | 15,726 | 987,750 | ||||
Associated British Foods PLC (United Kingdom) | 198 | 6,247 | ||||
Bunge Global SA(a) | 4,200 | 430,584 | ||||
Campbell Soup Co.(a) | 6,400 | 284,480 | ||||
Conagra Brands, Inc. | 14,500 | 429,780 | ||||
General Mills, Inc. | 16,700 | 1,168,499 | ||||
Hershey Co. (The) | 4,400 | 855,800 | ||||
Hormel Foods Corp. | 9,300 | 324,477 | ||||
J.M. Smucker Co. (The) | 3,200 | 402,784 | ||||
Kellanova | 8,200 | 469,778 | ||||
Kraft Heinz Co. (The) | 23,867 | 880,692 | ||||
Lamb Weston Holdings, Inc. | 4,400 | 468,732 | ||||
McCormick & Co., Inc. | 7,340 | 563,785 | ||||
Mondelez International, Inc. (Class A Stock) | 39,653 | 2,775,710 | ||||
Mowi ASA (Norway) | 5,055 | 92,854 | ||||
Nestle SA | 1,502 | 159,588 | ||||
Orkla ASA (Norway) | 672 | 4,746 | ||||
Tyson Foods, Inc. (Class A Stock) | 8,300 | 487,459 | ||||
WH Group Ltd. (Hong Kong), 144A | 98,000 | 64,688 | ||||
Wilmar International Ltd. (China) | 28,000 | 71,124 | ||||
10,929,557 | ||||||
Gas Utilities — 0.0% | ||||||
Atmos Energy Corp. | 4,400 | 523,028 | ||||
Osaka Gas Co. Ltd. (Japan) | 300 | 6,749 | ||||
Tokyo Gas Co. Ltd. (Japan) | 3,800 | 86,384 | ||||
616,161 | ||||||
Ground Transportation — 0.6% | ||||||
Central Japan Railway Co. (Japan) | 3,700 | 91,891 | ||||
CSX Corp. | 58,200 | 2,157,474 | ||||
J.B. Hunt Transport Services, Inc.(a) | 2,400 | 478,200 | ||||
Norfolk Southern Corp. | 6,600 | 1,682,142 | ||||
Odakyu Electric Railway Co. Ltd. (Japan) | 400 | 5,514 | ||||
Old Dominion Freight Line, Inc. | 5,130 | 1,125,060 | ||||
Uber Technologies, Inc.* | 60,600 | 4,665,594 | ||||
Union Pacific Corp. | 17,960 | 4,416,903 | ||||
14,622,778 | ||||||
Health Care Equipment & Supplies — 1.3% | ||||||
Abbott Laboratories | 51,150 | 5,813,709 | ||||
Alcon, Inc. (Switzerland) | 123 | 10,174 | ||||
Align Technology, Inc.* | 2,040 | 668,957 | ||||
Baxter International, Inc. | 15,500 | 662,470 | ||||
Becton, Dickinson & Co. | 8,410 | 2,081,055 | ||||
Boston Scientific Corp.* | 43,167 | 2,956,508 | ||||
Cochlear Ltd. (Australia) | 420 | 92,371 |
A4
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Health Care Equipment & Supplies (cont’d.) | ||||||
Cooper Cos., Inc. (The) | 5,760 | $584,410 | ||||
Demant A/S (Denmark)* | 120 | 5,964 | ||||
DENTSPLY SIRONA, Inc. | 6,100 | 202,459 | ||||
Dexcom, Inc.* | 11,360 | 1,575,632 | ||||
Edwards Lifesciences Corp.* | 17,800 | 1,700,968 | ||||
GE HealthCare Technologies, Inc. | 12,392 | 1,126,557 | ||||
Hologic, Inc.* | 7,000 | 545,720 | ||||
IDEXX Laboratories, Inc.* | 2,440 | 1,317,429 | ||||
Insulet Corp.*(a) | 2,000 | 342,800 | ||||
Intuitive Surgical, Inc.* | 10,260 | 4,094,663 | ||||
Medtronic PLC | 39,090 | 3,406,693 | ||||
ResMed, Inc.(a) | 4,300 | 851,529 | ||||
Sonova Holding AG (Switzerland) | 17 | 4,923 | ||||
STERIS PLC | 2,850 | 640,737 | ||||
Stryker Corp. | 9,800 | 3,507,126 | ||||
Teleflex, Inc. | 1,400 | 316,638 | ||||
Zimmer Biomet Holdings, Inc. | 6,300 | 831,474 | ||||
33,340,966 | ||||||
Health Care Providers & Services — 1.3% | ||||||
Cardinal Health, Inc. | 7,350 | 822,465 | ||||
Cencora, Inc. | 4,900 | 1,190,651 | ||||
Centene Corp.* | 15,750 | 1,236,060 | ||||
Cigna Group (The) | 8,600 | 3,123,434 | ||||
CVS Health Corp. | 37,083 | 2,957,740 | ||||
DaVita, Inc.* | 1,600 | 220,880 | ||||
Elevance Health, Inc. | 7,080 | 3,671,263 | ||||
Fresenius Medical Care AG (Germany) | 1,292 | 49,645 | ||||
Fresenius SE & Co. KGaA (Germany) | 1,177 | 31,740 | ||||
HCA Healthcare, Inc. | 5,800 | 1,934,474 | ||||
Henry Schein, Inc.*(a) | 4,000 | 302,080 | ||||
Humana, Inc. | 3,610 | 1,251,659 | ||||
Laboratory Corp. of America Holdings | 2,500 | 546,150 | ||||
McKesson Corp. | 3,870 | 2,077,609 | ||||
Molina Healthcare, Inc.* | 1,550 | 636,787 | ||||
Quest Diagnostics, Inc. | 3,200 | 425,952 | ||||
UnitedHealth Group, Inc. | 27,180 | 13,445,946 | ||||
Universal Health Services, Inc. (Class B Stock) | 1,800 | 328,428 | ||||
34,252,963 | ||||||
Health Care REITs — 0.1% | ||||||
Healthpeak Properties, Inc. | 21,600 | 405,000 | ||||
Ventas, Inc. | 12,368 | 538,503 | ||||
Welltower, Inc. | 16,300 | 1,523,072 | ||||
2,466,575 | ||||||
Hotel & Resort REITs — 0.0% | ||||||
Host Hotels & Resorts, Inc. | 21,382 | 442,180 | ||||
Hotels, Restaurants & Leisure — 1.0% | ||||||
Accor SA (France) | 1,283 | 59,899 | ||||
Airbnb, Inc. (Class A Stock)* | 12,800 | 2,111,488 | ||||
Aristocrat Leisure Ltd. (Australia) | 439 | 12,292 | ||||
Booking Holdings, Inc. | 1,020 | 3,700,438 | ||||
Caesars Entertainment, Inc.* | 6,700 | 293,058 | ||||
Carnival Corp.* | 31,300 | 511,442 | ||||
Chipotle Mexican Grill, Inc.* | 810 | 2,354,484 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Hotels, Restaurants & Leisure (cont’d.) | ||||||
Darden Restaurants, Inc.(a) | 3,450 | $576,667 | ||||
Domino’s Pizza, Inc. | 960 | 477,005 | ||||
Expedia Group, Inc.* | 3,950 | 544,112 | ||||
Genting Singapore Ltd. (Singapore) | 8,000 | 5,247 | ||||
Hilton Worldwide Holdings, Inc. | 7,400 | 1,578,494 | ||||
InterContinental Hotels Group PLC (United Kingdom) | 141 | 14,651 | ||||
La Francaise des Jeux SAEM (France), 144A | 315 | 12,839 | ||||
Las Vegas Sands Corp. | 11,050 | 571,285 | ||||
Marriott International, Inc. (Class A Stock) | 7,228 | 1,823,697 | ||||
McDonald’s Corp. | 21,300 | 6,005,535 | ||||
MGM Resorts International* | 8,500 | 401,285 | ||||
Norwegian Cruise Line Holdings Ltd.*(a) | 13,800 | 288,834 | ||||
Royal Caribbean Cruises Ltd.* | 7,000 | 973,070 | ||||
Starbucks Corp. | 33,300 | 3,043,287 | ||||
Whitbread PLC (United Kingdom) | 2,058 | 86,041 | ||||
Wynn Resorts Ltd. | 2,900 | 296,467 | ||||
Yum! Brands, Inc.(a) | 8,200 | 1,136,930 | ||||
26,878,547 | ||||||
Household Durables — 0.2% | ||||||
Barratt Developments PLC (United Kingdom) | 798 | 4,790 | ||||
Berkeley Group Holdings PLC (United Kingdom) | 524 | 31,482 | ||||
D.R. Horton, Inc. | 8,800 | 1,448,040 | ||||
Garmin Ltd.(a) | 4,600 | 684,802 | ||||
Lennar Corp. (Class A Stock) | 7,200 | 1,238,256 | ||||
Mohawk Industries, Inc.* | 1,540 | 201,571 | ||||
NVR, Inc.* | 90 | 728,996 | ||||
Persimmon PLC (United Kingdom) | 2,114 | 35,051 | ||||
PulteGroup, Inc. | 6,422 | 774,622 | ||||
Sony Group Corp. (Japan) | 200 | 17,150 | ||||
Taylor Wimpey PLC (United Kingdom) | 49,525 | 85,622 | ||||
5,250,382 | ||||||
Household Products — 0.6% | ||||||
Church & Dwight Co., Inc.(a) | 7,200 | 751,032 | ||||
Clorox Co. (The) | 3,500 | 535,885 | ||||
Colgate-Palmolive Co. | 25,000 | 2,251,250 | ||||
Essity AB (Sweden) (Class B Stock) | 3,339 | 79,315 | ||||
Henkel AG & Co. KGaA (Germany) | 78 | 5,620 | ||||
Kimberly-Clark Corp. | 9,900 | 1,280,565 | ||||
Procter & Gamble Co. (The) | 69,825 | 11,329,106 | ||||
Reckitt Benckiser Group PLC (United Kingdom) | 579 | 33,006 | ||||
16,265,779 | ||||||
Independent Power & Renewable Electricity Producers — 0.0% | ||||||
AES Corp. (The) | 21,300 | 381,909 | ||||
Industrial Conglomerates — 0.4% | ||||||
3M Co. | 16,280 | 1,726,820 | ||||
CK Hutchison Holdings Ltd. (United Kingdom) | 2,500 | 12,032 |
A5
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Industrial Conglomerates (cont’d.) | ||||||
DCC PLC (United Kingdom) | 1,170 | $85,125 | ||||
General Electric Co. | 31,978 | 5,613,098 | ||||
Hitachi Ltd. (Japan) | 800 | 73,104 | ||||
Honeywell International, Inc. | 19,412 | 3,984,313 | ||||
Keppel Ltd. (Singapore) | 1,200 | 6,521 | ||||
Lifco AB (Sweden) (Class B Stock) | 231 | 6,032 | ||||
Siemens AG (Germany) | 902 | 172,227 | ||||
Smiths Group PLC (United Kingdom) | 262 | 5,431 | ||||
11,684,703 | ||||||
Industrial REITs — 0.1% | ||||||
Goodman Group (Australia) | 6,544 | 144,147 | ||||
Prologis, Inc. | 27,184 | 3,539,900 | ||||
3,684,047 | ||||||
Insurance — 1.1% | ||||||
Aflac, Inc. | 16,000 | 1,373,760 | ||||
Ageas SA/NV (Belgium) | 1,804 | 83,571 | ||||
Allianz SE (Germany) | 234 | 70,134 | ||||
Allstate Corp. (The) | 7,700 | 1,332,177 | ||||
American International Group, Inc. | 20,639 | 1,613,351 | ||||
Aon PLC (Class A Stock) | 6,000 | 2,002,320 | ||||
Arch Capital Group Ltd.* | 11,100 | 1,026,084 | ||||
Arthur J. Gallagher & Co. | 6,400 | 1,600,256 | ||||
Assurant, Inc. | 1,500 | 282,360 | ||||
Aviva PLC (United Kingdom) | 10,575 | 66,355 | ||||
AXA SA (France) | 3,628 | 136,252 | ||||
Brown & Brown, Inc. | 7,300 | 639,042 | ||||
Chubb Ltd. | 11,886 | 3,080,019 | ||||
Cincinnati Financial Corp. | 4,637 | 575,776 | ||||
Everest Group Ltd. | 1,240 | 492,900 | ||||
Globe Life, Inc. | 2,525 | 293,834 | ||||
Hartford Financial Services Group, Inc. (The) | 9,100 | 937,755 | ||||
Japan Post Holdings Co. Ltd. (Japan) | 3,300 | 33,248 | ||||
Japan Post Insurance Co. Ltd. (Japan) | 300 | 5,735 | ||||
Loews Corp. | 5,375 | 420,809 | ||||
Marsh & McLennan Cos., Inc. | 14,900 | 3,069,102 | ||||
Medibank Private Ltd. (Australia) | 33,584 | 82,285 | ||||
MetLife, Inc. | 18,850 | 1,396,973 | ||||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Germany) | 320 | 156,205 | ||||
Poste Italiane SpA (Italy), 144A | 483 | 6,049 | ||||
Principal Financial Group, Inc. | 6,400 | 552,384 | ||||
Progressive Corp. (The) | 17,200 | 3,557,304 | ||||
QBE Insurance Group Ltd. (Australia) | 1,081 | 12,778 | ||||
Sampo OYJ (Finland) (Class A Stock) | 365 | 15,569 | ||||
Suncorp Group Ltd. (Australia) | 1,820 | 19,427 | ||||
Swiss Re AG | 86 | 11,063 | ||||
T&D Holdings, Inc. (Japan) | 500 | 8,692 | ||||
Talanx AG (Germany) | 81 | 6,417 | ||||
Tokio Marine Holdings, Inc. (Japan) | 4,300 | 134,789 | ||||
Travelers Cos., Inc. (The) | 6,835 | 1,573,007 | ||||
W.R. Berkley Corp.(a) | 6,200 | 548,328 | ||||
Willis Towers Watson PLC | 2,940 | 808,500 | ||||
28,024,610 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Interactive Media & Services — 3.1% | ||||||
Alphabet, Inc. (Class A Stock)* | 173,600 | $26,201,448 | ||||
Alphabet, Inc. (Class C Stock)* | 145,260 | 22,117,288 | ||||
Auto Trader Group PLC (United Kingdom), 144A | 588 | 5,192 | ||||
Match Group, Inc.* | 8,700 | 315,636 | ||||
Meta Platforms, Inc. (Class A Stock) | 64,730 | 31,431,593 | ||||
Scout24 SE (Germany), 144A | 434 | 32,697 | ||||
80,103,854 | ||||||
IT Services — 0.6% | ||||||
Accenture PLC (Class A Stock) | 18,400 | 6,377,624 | ||||
Akamai Technologies, Inc.* | 4,500 | 489,420 | ||||
Cognizant Technology Solutions Corp. (Class A Stock) | 14,600 | 1,070,034 | ||||
EPAM Systems, Inc.* | 1,540 | 425,286 | ||||
Gartner, Inc.* | 2,200 | 1,048,674 | ||||
International Business Machines Corp. | 26,900 | 5,136,824 | ||||
TIS, Inc. (Japan) | 3,200 | 68,659 | ||||
VeriSign, Inc.* | 2,500 | 473,775 | ||||
Wix.com Ltd. (Israel)* | 800 | 109,984 | ||||
15,200,280 | ||||||
Leisure Products — 0.0% | ||||||
Hasbro, Inc. | 4,100 | 231,732 | ||||
Life Sciences Tools & Services — 0.7% | ||||||
Agilent Technologies, Inc. | 8,814 | 1,282,525 | ||||
Bio-Rad Laboratories, Inc. (Class A Stock)* | 540 | 186,770 | ||||
Bio-Techne Corp.(a) | 4,800 | 337,872 | ||||
Charles River Laboratories International, Inc.* | 1,360 | 368,492 | ||||
Danaher Corp. | 19,300 | 4,819,596 | ||||
Illumina, Inc.* | 4,800 | 659,136 | ||||
IQVIA Holdings, Inc.* | 5,400 | 1,365,606 | ||||
Mettler-Toledo International, Inc.* | 650 | 865,338 | ||||
Revvity, Inc. | 3,700 | 388,500 | ||||
Thermo Fisher Scientific, Inc. | 11,380 | 6,614,170 | ||||
Waters Corp.* | 1,600 | 550,768 | ||||
West Pharmaceutical Services, Inc. | 2,200 | 870,562 | ||||
18,309,335 | ||||||
Machinery — 0.9% | ||||||
Alfa Laval AB (Sweden) | 210 | 8,252 | ||||
Atlas Copco AB (Sweden) (Class A Stock) | 3,232 | 54,584 | ||||
Atlas Copco AB (Sweden) (Class B Stock) | 1,156 | 17,074 | ||||
Caterpillar, Inc. | 15,000 | 5,496,450 | ||||
Cummins, Inc. | 3,950 | 1,163,867 | ||||
Daimler Truck Holding AG (Germany) | 1,037 | 52,550 | ||||
Deere & Co. | 7,640 | 3,138,054 | ||||
Dover Corp. | 4,000 | 708,760 | ||||
Epiroc AB (Sweden) (Class B Stock) | 330 | 5,589 | ||||
Fortive Corp. | 10,450 | 898,909 | ||||
GEA Group AG (Germany) | 1,945 | 82,235 | ||||
IDEX Corp. | 2,110 | 514,882 | ||||
Illinois Tool Works, Inc. | 8,100 | 2,173,473 |
A6
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Machinery (cont’d.) | ||||||
Indutrade AB (Sweden) | 220 | $5,992 | ||||
Ingersoll Rand, Inc. | 12,000 | 1,139,400 | ||||
Nordson Corp. | 1,500 | 411,810 | ||||
Otis Worldwide Corp. | 11,901 | 1,181,412 | ||||
PACCAR, Inc. | 15,414 | 1,909,640 | ||||
Parker-Hannifin Corp. | 3,785 | 2,103,665 | ||||
Pentair PLC | 4,977 | 425,235 | ||||
Rational AG (Germany) | 25 | 21,540 | ||||
Schindler Holding AG (Switzerland) (Part. Cert.) | 31 | 7,803 | ||||
SKF AB (Sweden) (Class B Stock) | 3,844 | 78,475 | ||||
Snap-on, Inc.(a) | 1,500 | 444,330 | ||||
Stanley Black & Decker, Inc. | 4,647 | 455,081 | ||||
Toyota Industries Corp. (Japan) | 300 | 31,389 | ||||
Volvo AB (Sweden) (Class B Stock) | 4,831 | 130,927 | ||||
Wartsila OYJ Abp (Finland) | 420 | 6,383 | ||||
Westinghouse Air Brake Technologies Corp. | 5,451 | 794,102 | ||||
Xylem, Inc. | 7,100 | 917,604 | ||||
24,379,467 | ||||||
Media — 0.3% | ||||||
Charter Communications, Inc. (Class A Stock)*(a) | 2,860 | 831,202 | ||||
Comcast Corp. (Class A Stock) | 116,680 | 5,058,078 | ||||
Dentsu Group, Inc. (Japan) | 1,200 | 33,320 | ||||
Fox Corp. (Class A Stock) | 7,500 | 234,525 | ||||
Fox Corp. (Class B Stock) | 4,733 | 135,458 | ||||
Informa PLC (United Kingdom) | 6,819 | 71,545 | ||||
Interpublic Group of Cos., Inc. (The)(a) | 11,831 | 386,046 | ||||
News Corp. (Class A Stock) | 12,075 | 316,123 | ||||
News Corp. (Class B Stock)(a) | 3,500 | 94,710 | ||||
Omnicom Group, Inc. | 5,700 | 551,532 | ||||
Paramount Global (Class B Stock)(a) | 16,530 | 194,558 | ||||
Publicis Groupe SA (France) | 1,162 | 126,682 | ||||
Vivendi SE (France) | 552 | 6,016 | ||||
8,039,795 | ||||||
Metals & Mining — 0.2% | ||||||
ArcelorMittal SA (Luxembourg) | 3,584 | 98,514 | ||||
BHP Group Ltd. (Australia) | 6,520 | 188,519 | ||||
BlueScope Steel Ltd. (Australia) | 5,704 | 88,715 | ||||
Fortescue Ltd. (Australia) | 1,630 | 27,278 | ||||
Freeport-McMoRan, Inc. | 42,188 | 1,983,680 | ||||
Glencore PLC (Australia) | 8,705 | 47,769 | ||||
JFE Holdings, Inc. (Japan) | 1,600 | 26,518 | ||||
Newmont Corp. | 34,600 | 1,240,064 | ||||
Nippon Steel Corp. (Japan) | 3,700 | 89,039 | ||||
Norsk Hydro ASA (Norway) | 960 | 5,276 | ||||
Nucor Corp. | 7,200 | 1,424,880 | ||||
Rio Tinto Ltd. (Australia) | 275 | 21,825 | ||||
Rio Tinto PLC (Australia) | 947 | 59,874 | ||||
Steel Dynamics, Inc. | 4,450 | 659,623 | ||||
voestalpine AG (Austria) | 797 | 22,358 | ||||
5,983,932 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Multi-Utilities — 0.3% | ||||||
Ameren Corp. | 8,100 | $599,076 | ||||
CenterPoint Energy, Inc. | 19,100 | 544,159 | ||||
Centrica PLC (United Kingdom) | 48,285 | 77,838 | ||||
CMS Energy Corp. | 8,900 | 537,026 | ||||
Consolidated Edison, Inc. | 10,200 | 926,262 | ||||
Dominion Energy, Inc. | 25,115 | 1,235,407 | ||||
DTE Energy Co. | 6,000 | 672,840 | ||||
E.ON SE (Germany) | 971 | 13,518 | ||||
Engie SA (France) | 1,989 | 33,330 | ||||
NiSource, Inc. | 12,400 | 342,984 | ||||
Public Service Enterprise Group, Inc. | 14,900 | 995,022 | ||||
Sempra | 18,538 | 1,331,585 | ||||
WEC Energy Group, Inc. | 9,513 | 781,208 | ||||
8,090,255 | ||||||
Office REITs — 0.0% | ||||||
Alexandria Real Estate Equities, Inc. | 4,780 | 616,190 | ||||
Boston Properties, Inc.(a) | 4,400 | 287,364 | ||||
Gecina SA (France) | 44 | 4,494 | ||||
908,048 | ||||||
Oil, Gas & Consumable Fuels — 1.8% | ||||||
Ampol Ltd. (Australia) | 221 | 5,733 | ||||
APA Corp. | 11,014 | 378,661 | ||||
BP PLC (United Kingdom) | 12,099 | 75,902 | ||||
Chevron Corp. | 51,022 | 8,048,210 | ||||
ConocoPhillips | 34,719 | 4,419,034 | ||||
Coterra Energy, Inc. | 22,100 | 616,148 | ||||
Devon Energy Corp. | 19,200 | 963,456 | ||||
Diamondback Energy, Inc. | 5,300 | 1,050,301 | ||||
ENEOS Holdings, Inc. (Japan) | 2,300 | 11,081 | ||||
Eni SpA (Italy) | 1,976 | 31,288 | ||||
EOG Resources, Inc. | 17,100 | 2,186,064 | ||||
EQT Corp. | 12,800 | 474,496 | ||||
Equinor ASA (Norway) | 2,754 | 73,847 | ||||
Exxon Mobil Corp. | 116,899 | 13,588,340 | ||||
Galp Energia SGPS SA (Portugal) | 357 | 5,902 | ||||
Hess Corp. | 8,100 | 1,236,384 | ||||
Inpex Corp. (Japan) | 6,700 | 101,848 | ||||
Kinder Morgan, Inc. | 56,898 | 1,043,509 | ||||
Marathon Oil Corp. | 17,782 | 503,942 | ||||
Marathon Petroleum Corp. | 10,819 | 2,180,029 | ||||
Occidental Petroleum Corp.(a) | 19,304 | 1,254,567 | ||||
ONEOK, Inc.(a) | 17,700 | 1,419,009 | ||||
Phillips 66 | 12,638 | 2,064,291 | ||||
Pioneer Natural Resources Co. | 6,850 | 1,798,125 | ||||
Shell PLC (Netherlands) | 5,437 | 180,397 | ||||
Targa Resources Corp. | 6,500 | 727,935 | ||||
TotalEnergies SE (France) | 1,016 | 69,890 | ||||
Valero Energy Corp. | 10,000 | 1,706,900 | ||||
Williams Cos., Inc. (The) | 35,800 | 1,395,126 | ||||
47,610,415 | ||||||
Passenger Airlines — 0.1% | ||||||
American Airlines Group, Inc.* | 20,700 | 317,745 | ||||
Delta Air Lines, Inc. | 18,800 | 899,956 | ||||
Deutsche Lufthansa AG (Germany)* | 649 | 5,101 |
A7
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Passenger Airlines (cont’d.) | ||||||
Japan Airlines Co. Ltd. (Japan) | 4,200 | $79,748 | ||||
Singapore Airlines Ltd. (Singapore) | 4,300 | 20,380 | ||||
Southwest Airlines Co. | 18,300 | 534,177 | ||||
United Airlines Holdings, Inc.* | 9,800 | 469,224 | ||||
2,326,331 | ||||||
Personal Care Products — 0.1% | ||||||
Estee Lauder Cos., Inc. (The) (Class A Stock) | 7,000 | 1,079,050 | ||||
Kenvue, Inc. | 51,700 | 1,109,482 | ||||
L’Oreal SA (France) | 80 | 37,886 | ||||
Unilever PLC (United Kingdom) | 3,502 | 175,807 | ||||
2,402,225 | ||||||
Pharmaceuticals — 2.0% | ||||||
AstraZeneca PLC (United Kingdom) | 683 | 91,757 | ||||
Bristol-Myers Squibb Co. | 59,870 | 3,246,750 | ||||
Catalent, Inc.* | 5,600 | 316,120 | ||||
Chugai Pharmaceutical Co. Ltd. (Japan) | 500 | 19,108 | ||||
Daiichi Sankyo Co. Ltd. (Japan) | 500 | 15,909 | ||||
Eli Lilly & Co. | 23,480 | 18,266,501 | ||||
GSK PLC | 5,018 | 107,738 | ||||
Hikma Pharmaceuticals PLC (Jordan) | 198 | 4,790 | ||||
Johnson & Johnson | 71,008 | 11,232,756 | ||||
Merck & Co., Inc. | 74,633 | 9,847,824 | ||||
Novartis AG (Switzerland) | 2,600 | 251,832 | ||||
Novo Nordisk A/S (Denmark) (Class B Stock) | 3,518 | 451,266 | ||||
Ono Pharmaceutical Co. Ltd. (Japan) | 3,900 | 63,901 | ||||
Orion OYJ (Finland) (Class B Stock) | 110 | 4,100 | ||||
Otsuka Holdings Co. Ltd. (Japan) | 1,800 | 74,769 | ||||
Pfizer, Inc. | 166,270 | 4,613,993 | ||||
Roche Holding AG | 816 | 208,340 | ||||
Sandoz Group AG (Switzerland)* | 506 | 15,274 | ||||
Sanofi SA | 944 | 91,837 | ||||
Shionogi & Co. Ltd. (Japan) | 2,000 | 102,204 | ||||
Takeda Pharmaceutical Co. Ltd. (Japan) | 1,400 | 38,939 | ||||
Teva Pharmaceutical Industries Ltd. (Israel), ADR* | 500 | 7,055 | ||||
Viatris, Inc. | 35,986 | 429,673 | ||||
Zoetis, Inc. | 13,500 | 2,284,335 | ||||
51,786,771 | ||||||
Professional Services — 0.3% | ||||||
Adecco Group AG (Switzerland) | 140 | 5,539 | ||||
Automatic Data Processing, Inc. | 12,100 | 3,021,854 | ||||
Broadridge Financial Solutions, Inc. | 3,400 | 696,524 | ||||
Computershare Ltd. (Australia) | 480 | 8,176 | ||||
Dayforce, Inc.*(a) | 4,550 | 301,255 | ||||
Equifax, Inc. | 3,600 | 963,072 | ||||
Experian PLC | 1,944 | 84,706 | ||||
Jacobs Solutions, Inc. | 3,700 | 568,801 | ||||
Leidos Holdings, Inc. | 4,100 | 537,469 | ||||
Paychex, Inc.(a) | 9,400 | 1,154,320 | ||||
Paycom Software, Inc. | 1,320 | 262,693 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Professional Services (cont’d.) | ||||||
Recruit Holdings Co. Ltd. (Japan) | 2,900 | $127,330 | ||||
Robert Half, Inc. | 3,300 | 261,624 | ||||
Verisk Analytics, Inc. | 4,200 | 990,066 | ||||
Wolters Kluwer NV (Netherlands) | 198 | 31,005 | ||||
9,014,434 | ||||||
Real Estate Management & Development — 0.1% | ||||||
CBRE Group, Inc. (Class A Stock)* | 8,700 | 845,988 | ||||
CoStar Group, Inc.* | 11,900 | 1,149,540 | ||||
Daito Trust Construction Co. Ltd. (Japan) | 100 | 11,408 | ||||
Daiwa House Industry Co. Ltd. (Japan) | 500 | 14,883 | ||||
Mitsubishi Estate Co. Ltd. (Japan) | 1,000 | 18,246 | ||||
Mitsui Fudosan Co. Ltd. (Japan) | 2,100 | 22,641 | ||||
New World Development Co. Ltd. (Hong Kong) | 3,000 | 3,172 | ||||
Nomura Real Estate Holdings, Inc. (Japan) | 3,200 | 90,404 | ||||
2,156,282 | ||||||
Residential REITs — 0.1% | ||||||
AvalonBay Communities, Inc. | 4,075 | 756,157 | ||||
Camden Property Trust | 3,200 | 314,880 | ||||
Equity Residential | 10,100 | 637,411 | ||||
Essex Property Trust, Inc.(a) | 1,750 | 428,417 | ||||
Invitation Homes, Inc. | 17,700 | 630,297 | ||||
Mid-America Apartment Communities, Inc. | 3,500 | 460,530 | ||||
UDR, Inc. | 9,500 | 355,395 | ||||
3,583,087 | ||||||
Retail REITs — 0.2% | ||||||
Federal Realty Investment Trust(a) | 2,100 | 214,452 | ||||
Kimco Realty Corp. | 21,000 | 411,810 | ||||
Klepierre SA (France) | 2,277 | 58,941 | ||||
Realty Income Corp. | 24,500 | 1,325,450 | ||||
Regency Centers Corp. | 4,700 | 284,632 | ||||
Scentre Group (Australia) | 3,778 | 8,344 | ||||
Simon Property Group, Inc. | 9,593 | 1,501,208 | ||||
Unibail-Rodamco-Westfield (France)* | 448 | 36,040 | ||||
Vicinity Ltd. (Australia) | 29,154 | 40,467 | ||||
3,881,344 | ||||||
Semiconductors & Semiconductor Equipment — 5.1% | ||||||
Advanced Micro Devices, Inc.* | 47,599 | 8,591,143 | ||||
Analog Devices, Inc. | 14,547 | 2,877,251 | ||||
Applied Materials, Inc. | 24,500 | 5,052,635 | ||||
ASM International NV (Netherlands) | 132 | 80,837 | ||||
ASML Holding NV (Netherlands) | 327 | 317,014 | ||||
Broadcom, Inc. | 12,960 | 17,177,314 | ||||
Disco Corp. (Japan) | 400 | 146,213 | ||||
Enphase Energy, Inc.* | 4,000 | 483,920 | ||||
First Solar, Inc.* | 3,100 | 523,280 | ||||
Intel Corp. | 124,500 | 5,499,165 | ||||
KLA Corp. | 3,970 | 2,773,323 | ||||
Lam Research Corp. | 3,850 | 3,740,544 | ||||
Lasertec Corp. (Japan) | 100 | 28,503 |
A8
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Semiconductors & Semiconductor Equipment (cont’d.) | ||||||
Microchip Technology, Inc. | 15,900 | $1,426,389 | ||||
Micron Technology, Inc. | 32,500 | 3,831,425 | ||||
Monolithic Power Systems, Inc. | 1,400 | 948,388 | ||||
NVIDIA Corp. | 72,760 | 65,743,026 | ||||
NXP Semiconductors NV (China) | 7,600 | 1,883,052 | ||||
ON Semiconductor Corp.* | 12,900 | 948,795 | ||||
Qorvo, Inc.* | 2,807 | 322,328 | ||||
QUALCOMM, Inc. | 32,800 | 5,553,040 | ||||
Renesas Electronics Corp. (Japan) | 1,200 | 21,385 | ||||
Skyworks Solutions, Inc. | 4,800 | 519,936 | ||||
Teradyne, Inc.(a) | 4,600 | 519,018 | ||||
Texas Instruments, Inc. | 26,800 | 4,668,828 | ||||
Tokyo Electron Ltd. (Japan) | 400 | 104,180 | ||||
133,780,932 | ||||||
Software — 5.3% | ||||||
Adobe, Inc.* | 13,300 | 6,711,180 | ||||
ANSYS, Inc.* | 2,400 | 833,184 | ||||
Autodesk, Inc.* | 6,200 | 1,614,604 | ||||
Cadence Design Systems, Inc.* | 8,000 | 2,490,240 | ||||
Check Point Software Technologies Ltd. (Israel)* | 100 | 16,401 | ||||
Fair Isaac Corp.* | 740 | 924,711 | ||||
Fortinet, Inc.* | 19,100 | 1,304,721 | ||||
Gen Digital, Inc. | 17,278 | 387,027 | ||||
Intuit, Inc. | 8,240 | 5,356,000 | ||||
Microsoft Corp. | 218,820 | 92,061,950 | ||||
Monday.com Ltd.* | 100 | 22,587 | ||||
Nemetschek SE (Germany) | 598 | 59,192 | ||||
Nice Ltd. (Israel)* | 53 | 13,793 | ||||
Oracle Corp. | 46,950 | 5,897,390 | ||||
Palo Alto Networks, Inc.* | 9,400 | 2,670,822 | ||||
PTC, Inc.* | 3,400 | 642,396 | ||||
Roper Technologies, Inc.(a) | 3,140 | 1,761,038 | ||||
Salesforce, Inc. | 28,450 | 8,568,571 | ||||
SAP SE (Germany) | 335 | 65,231 | ||||
ServiceNow, Inc.* | 6,030 | 4,597,272 | ||||
Synopsys, Inc.* | 4,480 | 2,560,320 | ||||
Tyler Technologies, Inc.* | 1,110 | 471,761 | ||||
Xero Ltd. (New Zealand)* | 121 | 10,506 | ||||
139,040,897 | ||||||
Specialized REITs — 0.5% | ||||||
American Tower Corp. | 13,660 | 2,699,079 | ||||
Crown Castle, Inc. | 12,700 | 1,344,041 | ||||
Digital Realty Trust, Inc. | 8,900 | 1,281,956 | ||||
Equinix, Inc. | 2,764 | 2,281,212 | ||||
Extra Space Storage, Inc. | 6,200 | 911,400 | ||||
Iron Mountain, Inc. | 8,602 | 689,967 | ||||
Public Storage | 4,620 | 1,340,077 | ||||
SBA Communications Corp. | 3,100 | 671,770 | ||||
VICI Properties, Inc. | 31,000 | 923,490 | ||||
Weyerhaeuser Co. | 21,418 | 769,120 | ||||
12,912,112 | ||||||
Specialty Retail — 1.0% | ||||||
AutoZone, Inc.* | 510 | 1,607,342 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Specialty Retail (cont’d.) | ||||||
Bath & Body Works, Inc. | 6,606 | $330,432 | ||||
Best Buy Co., Inc. | 5,575 | 457,317 | ||||
CarMax, Inc.*(a) | 4,700 | 409,417 | ||||
Fast Retailing Co. Ltd. (Japan) | 400 | 123,930 | ||||
Home Depot, Inc. (The) | 29,250 | 11,220,300 | ||||
Industria de Diseno Textil SA (Spain) | 3,031 | 152,630 | ||||
Lowe’s Cos., Inc. | 16,900 | 4,304,937 | ||||
O’Reilly Automotive, Inc.* | 1,740 | 1,964,251 | ||||
Ross Stores, Inc. | 9,900 | 1,452,924 | ||||
TJX Cos., Inc. (The) | 33,500 | 3,397,570 | ||||
Tractor Supply Co.(a) | 3,100 | 811,332 | ||||
Ulta Beauty, Inc.* | 1,420 | 742,490 | ||||
26,974,872 | ||||||
Technology Hardware, Storage & Peripherals — 3.0% | ||||||
Apple, Inc. | 427,540 | 73,314,559 | ||||
Brother Industries Ltd. (Japan) | 700 | 12,982 | ||||
Hewlett Packard Enterprise Co. | 39,748 | 704,732 | ||||
HP, Inc. | 26,648 | 805,303 | ||||
Logitech International SA (Switzerland) | 1,085 | 97,226 | ||||
NetApp, Inc. | 6,200 | 650,814 | ||||
Seagate Technology Holdings PLC | 5,600 | 521,080 | ||||
Seiko Epson Corp. (Japan) | 3,300 | 57,725 | ||||
Super Micro Computer, Inc.*(a) | 1,480 | 1,494,845 | ||||
Western Digital Corp.* | 9,703 | 662,133 | ||||
78,321,399 | ||||||
Textiles, Apparel & Luxury Goods — 0.2% | ||||||
Cie Financiere Richemont SA (Switzerland) (Class A Stock) | 103 | 15,681 | ||||
Deckers Outdoor Corp.* | 760 | 715,358 | ||||
Hermes International SCA (France) | 67 | 171,237 | ||||
Lululemon Athletica, Inc.* | 3,300 | 1,289,145 | ||||
LVMH Moet Hennessy Louis Vuitton SE (France) | 118 | 106,176 | ||||
NIKE, Inc. (Class B Stock) | 35,800 | 3,364,484 | ||||
Pandora A/S (Denmark) | 44 | 7,102 | ||||
Ralph Lauren Corp. | 1,000 | 187,760 | ||||
Tapestry, Inc. | 6,800 | 322,864 | ||||
VF Corp. | 11,300 | 173,342 | ||||
6,353,149 | ||||||
Tobacco — 0.3% | ||||||
Altria Group, Inc. | 51,900 | 2,263,878 | ||||
British American Tobacco PLC (United Kingdom) | 2,801 | 85,013 | ||||
Imperial Brands PLC (United Kingdom) | 2,345 | 52,422 | ||||
Japan Tobacco, Inc. (Japan) | 1,000 | 26,662 | ||||
Philip Morris International, Inc. | 45,700 | 4,187,034 | ||||
6,615,009 | ||||||
Trading Companies & Distributors — 0.2% | ||||||
AerCap Holdings NV (Ireland)*(a) | 1,200 | 104,292 | ||||
Brenntag SE (Germany) | 60 | 5,057 | ||||
Fastenal Co.(a) | 16,800 | 1,295,952 | ||||
ITOCHU Corp. (Japan) | 400 | 17,184 | ||||
Mitsubishi Corp. (Japan) | 2,800 | 64,711 |
A9
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Trading Companies & Distributors (cont’d.) | ||||||
Mitsui & Co. Ltd. (Japan) | 2,100 | $98,178 | ||||
Reece Ltd. (Australia) | 315 | 5,768 | ||||
United Rentals, Inc. | 2,020 | 1,456,642 | ||||
W.W. Grainger, Inc. | 1,300 | 1,322,490 | ||||
4,370,274 | ||||||
Transportation Infrastructure — 0.0% | ||||||
Aena SME SA (Spain), 144A | 55 | 10,832 | ||||
Water Utilities — 0.0% | ||||||
American Water Works Co., Inc. | 5,700 | 696,597 | ||||
Wireless Telecommunication Services — 0.1% | ||||||
Tele2 AB (Sweden) (Class B Stock) | 693 | 5,690 | ||||
T-Mobile US, Inc. | 15,800 | 2,578,876 | ||||
Vodafone Group PLC (United Kingdom) | 18,696 | 16,582 | ||||
2,601,148 | ||||||
Total Common Stocks (cost $256,916,574) | 1,312,500,241 | |||||
Preferred Stocks — 0.0% | ||||||
Automobiles — 0.0% | ||||||
Volkswagen AG (Germany) (PRFC) | 96 | 12,732 | ||||
Banks — 0.0% | ||||||
Citigroup Capital XIII, 11.949%(c), 3 Month SOFR + 6.632%, Maturing 10/30/40 | 20,000 | 589,400 | ||||
Capital Markets — 0.0% | ||||||
State Street Corp., 5.350%(ff), Series G, Maturing 03/15/26(a)(oo) | 25,000 | 612,250 | ||||
Household Products — 0.0% | ||||||
Henkel AG & Co. KGaA (Germany) (PRFC) | 1,191 | 95,728 | ||||
Total Preferred Stocks (cost $1,231,824) | 1,310,110 | |||||
Unaffiliated Exchange-Traded Funds — 0.4% | ||||||
iShares Core S&P 500 ETF | 20,000 | 10,514,600 | ||||
iShares MSCI EAFE ETF | 459 | 36,656 | ||||
Total Unaffiliated Exchange-Traded Funds (cost $5,631,770) | 10,551,256 |
Interest Rate | Maturity Date | Principal Amount (000)# | ||||
Asset-Backed Securities — 8.2% | ||||||
Automobiles — 2.1% | ||||||
AmeriCredit Automobile Receivables Trust, | ||||||
Series 2021-02, Class C | ||||||
1.010% | 01/19/27 | 900 | 846,766 | |||
Series 2021-03, Class C | ||||||
1.410% | 08/18/27 | 900 | 838,631 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Automobiles (cont’d.) | |||||||
ARI Fleet Lease Trust, | |||||||
Series 2024-A, Class A2, 144A | |||||||
5.300% | 11/15/32 | 1,000 | $997,842 | ||||
Avis Budget Rental Car Funding AESOP LLC, | |||||||
Series 2021-01A, Class A, 144A | |||||||
1.380% | 08/20/27 | 2,400 | 2,204,915 | ||||
Series 2021-02A, Class A, 144A | |||||||
1.660% | 02/20/28 | 2,600 | 2,368,458 | ||||
Series 2022-01A, Class A, 144A | |||||||
3.830% | 08/21/28 | 2,900 | 2,782,021 | ||||
Series 2023-02A, Class A, 144A | |||||||
5.200% | 10/20/27 | 1,100 | 1,097,857 | ||||
Series 2024-01A, Class A, 144A | |||||||
5.360% | 06/20/30 | 1,100 | 1,105,447 | ||||
Series 2024-03A, Class A, 144A | |||||||
5.230% | 12/20/30 | 400 | 399,682 | ||||
BOF VII AL Funding Trust I, | |||||||
Series 2023-CAR03, Class A2, 144A | |||||||
6.291% | 07/26/32 | 1,599 | 1,608,131 | ||||
Series 2023-CAR03, Class B, 144A | |||||||
6.632% | 07/26/32 | 581 | 585,538 | ||||
CarMax Auto Owner Trust, | |||||||
Series 2021-02, Class C | |||||||
1.340% | 02/16/27 | 800 | 759,734 | ||||
Series 2021-04, Class C | |||||||
1.380% | 07/15/27 | 600 | 558,477 | ||||
Ford Credit Auto Owner Trust, | |||||||
Series 2020-01, Class A, 144A | |||||||
2.040% | 08/15/31 | 2,500 | 2,426,249 | ||||
Series 2020-02, Class A, 144A | |||||||
1.060% | 04/15/33 | 900 | 843,087 | ||||
Series 2021-02, Class B, 144A | |||||||
1.910% | 05/15/34 | 400 | 366,012 | ||||
Series 2023-01, Class A, 144A | |||||||
4.850% | 08/15/35 | 2,700 | 2,684,536 | ||||
Series 2023-02, Class A, 144A | |||||||
5.280% | 02/15/36 | 1,800 | 1,821,229 | ||||
Series 2024-01, Class A, 144A | |||||||
4.870% | 08/15/36 | 3,700 | 3,692,433 | ||||
GM Financial Revolving Receivables Trust, | |||||||
Series 2021-01, Class B, 144A | |||||||
1.490% | 06/12/34 | 200 | 180,922 | ||||
Series 2024-01, Class A, 144A | |||||||
4.980% | 12/11/36 | 500 | 502,113 | ||||
Hertz Vehicle Financing III LLC, | |||||||
Series 2023-01A, Class A, 144A | |||||||
5.490% | 06/25/27 | 2,500 | 2,502,858 | ||||
Hertz Vehicle Financing III LP, | |||||||
Series 2021-02A, Class A, 144A | |||||||
1.680% | 12/27/27 | 1,300 | 1,186,274 | ||||
Hertz Vehicle Financing LLC, | |||||||
Series 2022-02A, Class A, 144A | |||||||
2.330% | 06/26/28 | 3,300 | 3,021,838 | ||||
Series 2023-03A, Class A, 144A | |||||||
5.940% | 02/25/28 | 1,500 | 1,522,210 |
A10
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Automobiles (cont’d.) | |||||||
OneMain Direct Auto Receivables Trust, | |||||||
Series 2019-01A, Class A, 144A | |||||||
3.630% | 09/14/27 | 4,100 | $4,043,015 | ||||
Series 2021-01A, Class B, 144A | |||||||
1.260% | 07/14/28 | 1,800 | 1,660,511 | ||||
Series 2023-01A, Class A, 144A | |||||||
5.410% | 11/14/29 | 3,200 | 3,203,286 | ||||
Santander Drive Auto Receivables Trust, | |||||||
Series 2021-02, Class D | |||||||
1.350% | 07/15/27 | 1,586 | 1,539,340 | ||||
Series 2022-01, Class C | |||||||
2.560% | 04/17/28 | 1,100 | 1,079,269 | ||||
Series 2023-01, Class C | |||||||
5.090% | 05/15/30 | 600 | 593,165 | ||||
Series 2023-03, Class C | |||||||
5.770% | 11/15/30 | 900 | 906,737 | ||||
Series 2023-04, Class C | |||||||
6.040% | 12/15/31 | 1,600 | 1,626,920 | ||||
SFS Auto Receivables Securitization Trust, | |||||||
Series 2023-01A, Class B, 144A | |||||||
5.710% | 01/22/30 | 200 | 202,854 | ||||
Series 2023-01A, Class C, 144A | |||||||
5.970% | 02/20/31 | 300 | 304,878 | ||||
Wheels Fleet Lease Funding LLC, | |||||||
Series 2023-01A, Class A, 144A | |||||||
5.800% | 04/18/38 | 2,800 | 2,801,681 | ||||
World Omni Select Auto Trust, | |||||||
Series 2021-A, Class C | |||||||
1.090% | 11/15/27 | 400 | 375,500 | ||||
55,240,416 | |||||||
Collateralized Loan Obligations — 5.1% | |||||||
Anchorage Capital CLO Ltd. (Cayman Islands), | |||||||
Series 2020-15A, Class AR, 144A, 3 Month SOFR + 1.462% (Cap N/A, Floor 1.200%) | |||||||
6.779%(c) | 07/20/34 | 2,000 | 1,998,637 | ||||
Anchorage Capital Europe CLO DAC (Ireland), | |||||||
Series 06A, Class AR, 144A, 3 Month EURIBOR + 1.750% (Cap N/A, Floor 1.750%) | |||||||
5.619%(c) | 01/22/38 | EUR | 2,500 | 2,713,660 | |||
Balboa Bay Loan Funding Ltd. (Cayman Islands), | |||||||
Series 2021-01A, Class A, 144A, 3 Month SOFR + 1.462% (Cap N/A, Floor 1.462%) | |||||||
6.779%(c) | 07/20/34 | 2,500 | 2,504,482 | ||||
Battalion CLO Ltd. (Cayman Islands), | |||||||
Series 2016-10A, Class A1R2, 144A, 3 Month SOFR + 1.432% (Cap N/A, Floor 1.170%) | |||||||
6.750%(c) | 01/25/35 | 6,520 | 6,522,559 | ||||
Series 2021-17A, Class A1, 144A, 3 Month SOFR + 1.522% (Cap N/A, Floor 1.260%) | |||||||
6.839%(c) | 03/09/34 | 4,000 | 4,001,401 | ||||
Benefit Street Partners CLO Ltd. (Cayman Islands), | |||||||
Series 2018-16A, Class A1R, 144A, 3 Month SOFR + 1.292% (Cap N/A, Floor 1.030%) | |||||||
6.608%(c) | 01/17/32 | 3,500 | 3,506,285 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Collateralized Loan Obligations (cont’d.) | |||||||
BNPP AM Euro CLO DAC (Ireland), | |||||||
Series 2018-01A, Class AR, 144A, 3 Month EURIBOR + 0.600% (Cap N/A, Floor 0.600%) | |||||||
4.542%(c) | 04/15/31 | EUR | 1,750 | $1,868,779 | |||
Canyon Capital CLO Ltd. (Cayman Islands), | |||||||
Series 2017-01A, Class AR, 144A, 3 Month SOFR + 1.262% (Cap N/A, Floor 1.000%) | |||||||
6.576%(c) | 07/15/30 | 2,435 | 2,432,714 | ||||
CarVal CLO Ltd. (United Kingdom), | |||||||
Series 2023-01A, Class A1, 144A, 3 Month SOFR + 2.200% (Cap N/A, Floor 2.200%) | |||||||
7.518%(c) | 01/20/35 | 4,500 | 4,516,484 | ||||
CIFC Funding Ltd. (Cayman Islands), | |||||||
Series 2014-05A, Class A1R2, 144A, 3 Month SOFR + 1.462% (Cap N/A, Floor 1.200%) | |||||||
6.778%(c) | 10/17/31 | 7,000 | 7,001,972 | ||||
CVC Cordatus Loan Fund DAC (Ireland), | |||||||
Series 14A, Class A1R, 144A, 3 Month EURIBOR + 0.850% (Cap N/A, Floor 0.850%) | |||||||
4.793%(c) | 05/22/32 | EUR | 1,750 | 1,873,683 | |||
Series 14A, Class A2R, 144A | |||||||
1.250% | 05/22/32 | EUR | 3,799 | 3,891,584 | |||
Elevation CLO Ltd. (Cayman Islands), | |||||||
Series 2017-06A, Class A1, 144A, 3 Month SOFR + 1.542% (Cap N/A, Floor 1.542%) | |||||||
6.856%(c) | 07/15/29 | 88 | 88,356 | ||||
Greenwood Park CLO Ltd. (Cayman Islands), | |||||||
Series 2018-01A, Class A2, 144A, 3 Month SOFR + 1.272% (Cap N/A, Floor 0.000%) | |||||||
6.586%(c) | 04/15/31 | 811 | 811,776 | ||||
HPS Loan Management Ltd. (Cayman Islands), | |||||||
Series 2015-06A, Class A1R, 144A, 3 Month SOFR + 1.262% (Cap N/A, Floor 0.000%) | |||||||
6.534%(c) | 02/05/31 | 135 | 135,050 | ||||
Series 2016-10A, Class A1RR, 144A, 3 Month SOFR + 1.402% (Cap N/A, Floor 1.140%) | |||||||
6.719%(c) | 04/20/34 | 6,650 | 6,653,757 | ||||
ICG Euro CLO DAC (Ireland), | |||||||
Series 2023-02A, Class A1, 144A, 3 Month EURIBOR + 1.730% (Cap N/A, Floor 1.730%) | |||||||
5.652%(c) | 01/26/38 | EUR | 7,000 | 7,594,569 | |||
Jefferson Mill CLO Ltd. (Cayman Islands), | |||||||
Series 2015-01A, Class AR, 144A, 3 Month SOFR + 1.437% (Cap N/A, Floor 0.000%) | |||||||
6.754%(c) | 10/20/31 | 4,006 | 4,015,529 | ||||
KKR CLO Ltd. (Cayman Islands), | |||||||
Series 2023-46A, Class A1A, 144A, 3 Month SOFR + 1.850% (Cap N/A, Floor 1.850%) | |||||||
7.168%(c) | 04/20/35 | 5,000 | 5,018,591 | ||||
KKR Static CLO Ltd. (Cayman Islands), | |||||||
Series 2022-02A, Class A1, 144A, 3 Month SOFR + 2.220% (Cap N/A, Floor 2.220%) | |||||||
7.538%(c) | 10/20/31 | 1,531 | 1,532,178 | ||||
Madison Park Funding Ltd. (Cayman Islands), | |||||||
Series 2019-33A, Class AR, 144A, 3 Month SOFR + 1.290% (Cap N/A, Floor 1.290%) | |||||||
6.604%(c) | 10/15/32 | 6,000 | 6,001,800 |
A11
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Collateralized Loan Obligations (cont’d.) | |||||||
MidOcean Credit CLO (Cayman Islands), | |||||||
Series 2014-03A, Class A1R, 144A, 3 Month SOFR + 1.382% (Cap N/A, Floor 1.120%) | |||||||
6.699%(c) | 04/21/31 | 2,477 | $2,480,280 | ||||
Mountain View CLO Ltd. (Cayman Islands), | |||||||
Series 2015-09A, Class A1R, 144A, 3 Month SOFR + 1.382% (Cap N/A, Floor 0.000%) | |||||||
6.696%(c) | 07/15/31 | 2,363 | 2,363,646 | ||||
OCP CLO Ltd. (Cayman Islands), | |||||||
Series 2015-09A, Class A1R2, 144A, 3 Month SOFR + 1.250% (Cap N/A, Floor 1.250%) | |||||||
6.567%(c) | 01/15/33 | 2,500 | 2,500,000 | ||||
OFSI BSL Ltd. (Cayman Islands), | |||||||
Series 2023-12A, Class A1, 144A, 3 Month SOFR + 2.400% (Cap N/A, Floor 2.400%) | |||||||
7.718%(c) | 01/20/35 | 4,600 | 4,603,036 | ||||
OZLM Ltd. (Cayman Islands), | |||||||
Series 2014-06A, Class A1S, 144A, 3 Month SOFR + 1.342% (Cap N/A, Floor 0.000%) | |||||||
6.658%(c) | 04/17/31 | 2,252 | 2,255,166 | ||||
Series 2015-11A, Class A1R, 144A, 3 Month SOFR + 1.512% (Cap N/A, Floor 0.000%) | |||||||
6.829%(c) | 10/30/30 | 309 | 309,026 | ||||
Palmer Square CLO Ltd. (Cayman Islands), | |||||||
Series 2015-02A, Class A1R2, 144A, 3 Month SOFR + 1.362% (Cap N/A, Floor 1.100%) | |||||||
6.679%(c) | 07/20/30 | 2,930 | 2,923,208 | ||||
Regatta VII Funding Ltd. (Cayman Islands), | |||||||
Series 2016-01A, Class A1R2, 144A, 3 Month SOFR + 1.412% (Cap N/A, Floor 1.150%) | |||||||
6.744%(c) | 06/20/34 | 3,750 | 3,751,346 | ||||
Rockford Tower CLO Ltd. (Cayman Islands), | |||||||
Series 2023-01A, Class A, 144A, 3 Month SOFR + 1.900% (Cap N/A, Floor 1.900%) | |||||||
7.251%(c) | 01/20/36 | 3,750 | 3,767,673 | ||||
Sound Point CLO Ltd. (Cayman Islands), | |||||||
Series 2021-01A, Class A, 144A, 3 Month SOFR + 1.332% (Cap N/A, Floor 1.332%) | |||||||
6.656%(c) | 04/25/34 | 6,000 | 5,992,291 | ||||
St. Pauls CLO (Netherlands), | |||||||
Series 09A, Class A1R, 144A, 3 Month EURIBOR + 0.940% (Cap N/A, Floor 0.940%) | |||||||
4.910%(c) | 07/20/35 | EUR | 2,000 | 2,130,617 | |||
TCW CLO Ltd. (Cayman Islands), | |||||||
Series 2021-02A, Class AS, 144A, 3 Month SOFR + 1.442% (Cap N/A, Floor 1.180%) | |||||||
6.766%(c) | 07/25/34 | 4,750 | 4,760,091 | ||||
TIAA CLO Ltd. (Cayman Islands), | |||||||
Series 2016-01A, Class AR, 144A, 3 Month SOFR + 1.462% (Cap N/A, Floor 1.200%) | |||||||
6.779%(c) | 07/20/31 | 1,581 | 1,582,357 | ||||
Toro European CLO DAC (Ireland), | |||||||
Series 02A, Class ARR, 144A, 3 Month EURIBOR + 0.990% (Cap N/A, Floor 0.990%) | |||||||
4.938%(c) | 07/25/34 | EUR | 3,000 | 3,197,635 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Collateralized Loan Obligations (cont’d.) | |||||||
Trimaran Cavu Ltd., | |||||||
Series 2019-01A, Class A1, 144A, 3 Month SOFR + 1.722% (Cap N/A, Floor 1.460%) | |||||||
7.039%(c) | 07/20/32 | 7,500 | $7,507,256 | ||||
Trinitas CLO Ltd. (Cayman Islands), | |||||||
Series 2023-26A, Class A1, 144A, 3 Month SOFR + 1.690% (Cap N/A, Floor 1.690%) | |||||||
7.008%(c) | 01/20/35 | 2,400 | 2,405,303 | ||||
Venture CLO Ltd. (Cayman Islands), | |||||||
Series 2021-43A, Class A1, 144A, 3 Month SOFR + 1.502% (Cap N/A, Floor 1.240%) | |||||||
6.816%(c) | 04/15/34 | 2,100 | 2,095,726 | ||||
Wellfleet CLO Ltd. (Cayman Islands), | |||||||
Series 2018-02A, Class A1, 144A, 3 Month SOFR + 1.462% (Cap N/A, Floor 1.200%) | |||||||
6.779%(c) | 10/20/31 | 3,674 | 3,674,368 | ||||
Wellfleet CLO Ltd., | |||||||
Series 2017-03A, Class A1, 144A, 3 Month SOFR + 1.412% (Cap N/A, Floor 1.150%) | |||||||
6.728%(c) | 01/17/31 | 1,496 | 1,496,958 | ||||
134,479,829 | |||||||
Consumer Loans — 0.3% | |||||||
OneMain Financial Issuance Trust, | |||||||
Series 2020-02A, Class A, 144A | |||||||
1.750% | 09/14/35 | 1,900 | 1,769,584 | ||||
Series 2021-01A, Class A2, 144A, 30 Day Average SOFR + 0.760% (Cap N/A, Floor 0.000%) | |||||||
6.079%(c) | 06/16/36 | 2,000 | 1,992,862 | ||||
Series 2023-02A, Class A1, 144A | |||||||
5.840% | 09/15/36 | 3,400 | 3,451,958 | ||||
7,214,404 | |||||||
Credit Cards — 0.2% | |||||||
NewDay Funding (United Kingdom), | |||||||
Series 2024-01A, Class A, 144A, SONIA + 1.180% (Cap N/A, Floor 0.000%) | |||||||
6.385%(c) | 03/15/32 | GBP | 3,400 | 4,296,889 | |||
Equipment — 0.1% | |||||||
MMAF Equipment Finance LLC, | |||||||
Series 2017-B, Class A5, 144A | |||||||
2.720% | 06/15/40 | 976 | 959,250 | ||||
Series 2019-A, Class A5, 144A | |||||||
3.080% | 11/12/41 | 1,053 | 1,036,305 | ||||
Series 2019-B, Class A5, 144A | |||||||
2.290% | 11/12/41 | 1,600 | 1,504,022 | ||||
3,499,577 | |||||||
Home Equity Loans — 0.1% | |||||||
RCKT Mortgage Trust, | |||||||
Series 2024-CES01, Class A1A, 144A | |||||||
6.025%(cc) | 02/25/44 | 988 | 986,386 | ||||
Towd Point HE Trust, | |||||||
Series 2023-01, Class A1A, 144A | |||||||
6.875% | 02/25/63 | 259 | 259,147 |
A12
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Home Equity Loans (cont’d.) | |||||||
Towd Point Mortgage Trust, | |||||||
Series 2024-CES02, Class A1A, 144A | |||||||
6.125%(cc) | 02/25/64 | 198 | $198,359 | ||||
1,443,892 | |||||||
Other — 0.1% | |||||||
Home Partners of America Trust, | |||||||
Series 2021-03, Class A, 144A | |||||||
2.200% | 01/17/41 | 531 | 465,383 | ||||
TH MSR Issuer Trust, | |||||||
Series 2019-FT01, Class A, 144A, 1 Month SOFR + 2.914% (Cap N/A, Floor 2.800%) | |||||||
8.244%(c) | 06/25/24 | 1,140 | 1,132,137 | ||||
1,597,520 | |||||||
Residential Mortgage-Backed Securities — 0.0% | |||||||
Countrywide Asset-Backed Certificates Trust, | |||||||
Series 2004-01, Class M1, 1 Month SOFR + 0.864% (Cap N/A, Floor 0.750%) | |||||||
6.194%(c) | 03/25/34 | 128 | 127,041 | ||||
Long Beach Mortgage Loan Trust, | |||||||
Series 2004-02, Class M1, 1 Month SOFR + 0.909% (Cap N/A, Floor 0.795%) | |||||||
6.239%(c) | 06/25/34 | 90 | 89,503 | ||||
TFS (Spain), | |||||||
Series 2018-03, Class A1, 1 Month EURIBOR + 3.250% | |||||||
7.112%(c) | 03/15/26^ | EUR | 704 | 645,898 | |||
862,442 | |||||||
Student Loans — 0.2% | |||||||
Commonbond Student Loan Trust, | |||||||
Series 2017-BGS, Class A1, 144A | |||||||
2.680% | 09/25/42 | 428 | 389,924 | ||||
Series 2018-AGS, Class A1, 144A | |||||||
3.210% | 02/25/44 | 305 | 283,039 | ||||
Series 2018-CGS, Class A1, 144A | |||||||
3.870% | 02/25/46 | 79 | 74,980 | ||||
Laurel Road Prime Student Loan Trust, | |||||||
Series 2018-B, Class A2FX, 144A | |||||||
3.540% | 05/26/43 | 16 | 16,298 | ||||
Series 2019-A, Class A2FX, 144A | |||||||
2.730% | 10/25/48 | 94 | 91,901 | ||||
Navient Private Education Refi Loan Trust, | |||||||
Series 2018-CA, Class A2, 144A | |||||||
3.520% | 06/16/42 | 39 | 38,690 | ||||
Series 2019-CA, Class A2, 144A | |||||||
3.130% | 02/15/68 | 361 | 347,094 | ||||
Series 2020-BA, Class A2, 144A | |||||||
2.120% | 01/15/69 | 450 | 413,385 | ||||
Pennsylvania Higher Education Assistance Agency, | |||||||
Series 2021-01A, Class A, 144A, 30 Day Average SOFR + 0.644% (Cap N/A, Floor 0.530%) | |||||||
5.965%(c) | 05/25/70 | 968 | 961,972 | ||||
SoFi Professional Loan Program LLC, | |||||||
Series 2019-A, Class A2FX, 144A | |||||||
3.690% | 06/15/48 | 315 | 303,821 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Student Loans (cont’d.) | |||||||
Series 2019-B, Class A2FX, 144A | |||||||
3.090% | 08/17/48 | 375 | $356,855 | ||||
Series 2019-C, Class A2FX, 144A | |||||||
2.370% | 11/16/48 | 611 | 571,306 | ||||
SoFi Professional Loan Program Trust, | |||||||
Series 2018-B, Class A2FX, 144A | |||||||
3.340% | 08/25/47 | 289 | 282,963 | ||||
Series 2020-A, Class A2FX, 144A | |||||||
2.540% | 05/15/46 | 826 | 775,874 | ||||
4,908,102 | |||||||
Total Asset-Backed Securities (cost $216,876,635) | 213,543,071 | ||||||
Commercial Mortgage-Backed Securities — 5.2% | |||||||
Assurant Commercial Mortgage Trust, | |||||||
Series 2016-01A, Class AS, 144A | |||||||
3.172% | 05/15/49 | 1,566 | 1,531,075 | ||||
BANK, | |||||||
Series 2021-BN35, Class A3 | |||||||
1.717% | 06/15/64 | 3,500 | 3,051,368 | ||||
Series 2021-BN35, Class ASB | |||||||
2.067% | 06/15/64 | 2,300 | 2,031,679 | ||||
Series 2021-BN37, Class A4 | |||||||
2.370% | 11/15/64 | 3,900 | 3,236,908 | ||||
Barclays Commercial Mortgage Securities Trust, | |||||||
Series 2018-C02, Class A4 | |||||||
4.047% | 12/15/51 | 3,850 | 3,696,383 | ||||
Series 2021-C12, Class A4 | |||||||
2.421% | 11/15/54 | 4,500 | 3,822,767 | ||||
Series 2023-C19, Class A2A | |||||||
5.756% | 04/15/56 | 2,700 | 2,729,310 | ||||
Benchmark Mortgage Trust, | |||||||
Series 2018-B03, Class A4 | |||||||
3.761% | 04/10/51 | 3,600 | 3,459,278 | ||||
Series 2021-B24, Class A3 | |||||||
2.010% | 03/15/54 | 2,000 | 1,765,859 | ||||
Series 2023-B38, Class A2 | |||||||
5.626% | 04/15/56 | 3,000 | 2,991,448 | ||||
BXP Trust, | |||||||
Series 2021-601L, Class A, 144A | |||||||
2.618% | 01/15/44 | 5,500 | 4,430,155 | ||||
CFCRE Commercial Mortgage Trust, | |||||||
Series 2016-C04, Class A3 | |||||||
3.014% | 05/10/58 | 1,955 | 1,873,881 | ||||
Citigroup Commercial Mortgage Trust, | |||||||
Series 2016-C01, Class A3 | |||||||
2.944% | 05/10/49 | 2,684 | 2,558,160 | ||||
Series 2017-P07, Class A3 | |||||||
3.442% | 04/14/50 | 3,564 | 3,383,438 | ||||
Commercial Mortgage Trust, | |||||||
Series 2014-LC17, Class A4 | |||||||
3.648% | 10/10/47 | 3,007 | 2,987,815 | ||||
CSAIL Commercial Mortgage Trust, | |||||||
Series 2015-C04, Class A3 | |||||||
3.544% | 11/15/48 | 2,422 | 2,358,833 |
A13
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Commercial Mortgage-Backed Securities (continued) | |||||||
Series 2017-C08, Class A3 | |||||||
3.127% | 06/15/50 | 3,432 | $3,186,945 | ||||
FHLMC Multifamily Structured Pass-Through Certificates, | |||||||
Series K055, Class X1, IO | |||||||
1.334%(cc) | 03/25/26 | 4,139 | 92,798 | ||||
GS Mortgage Securities Trust, | |||||||
Series 2015-GC34, Class A3 | |||||||
3.244% | 10/10/48 | 4,275 | 4,143,165 | ||||
Series 2016-GS03, Class A3 | |||||||
2.592% | 10/10/49 | 3,847 | 3,624,090 | ||||
Series 2016-GS04, Class A3 | |||||||
3.178% | 11/10/49 | 3,795 | 3,609,568 | ||||
Series 2020-GSA02, Class A4 | |||||||
1.721% | 12/12/53 | 4,150 | 3,321,202 | ||||
JPMBB Commercial Mortgage Securities Trust, | |||||||
Series 2014-C25, Class A4A1 | |||||||
3.408% | 11/15/47 | 513 | 506,536 | ||||
Series 2015-C27, Class A3A1 | |||||||
2.920% | 02/15/48 | 3,932 | 3,837,171 | ||||
JPMCC Commercial Mortgage Securities Trust, | |||||||
Series 2017-JP06, Class A3 | |||||||
3.109% | 07/15/50 | 2,717 | 2,580,061 | ||||
JPMDB Commercial Mortgage Securities Trust, | |||||||
Series 2016-C02, Class A3A | |||||||
2.881% | 06/15/49 | 2,419 | 2,311,197 | ||||
MHC Commercial Mortgage Trust, | |||||||
Series 2021-MHC, Class C, 144A, 1 Month SOFR + 1.465% (Cap N/A, Floor 1.351%) | |||||||
6.790%(c) | 04/15/38 | 1,804 | 1,790,622 | ||||
Morgan Stanley Capital I Trust, | |||||||
Series 2015-UBS08, Class A3 | |||||||
3.540% | 12/15/48 | 3,980 | 3,866,523 | ||||
Series 2016-BNK02, Class A3 | |||||||
2.791% | 11/15/49 | 2,000 | 1,874,475 | ||||
Series 2016-UB11, Class A3 | |||||||
2.531% | 08/15/49 | 6,152 | 5,785,941 | ||||
Series 2019-H06, Class A3 | |||||||
3.158% | 06/15/52 | 5,000 | 4,564,482 | ||||
Series 2019-H07, Class A2 | |||||||
2.492% | 07/15/52 | 9,400 | 9,300,947 | ||||
UBS Commercial Mortgage Trust, | |||||||
Series 2017-C02, Class ASB | |||||||
3.264% | 08/15/50 | 1,605 | 1,551,926 | ||||
Series 2017-C05, Class A4 | |||||||
3.212% | 11/15/50 | 5,000 | 4,695,667 | ||||
Series 2018-C09, Class A3 | |||||||
3.854% | 03/15/51 | 1,576 | 1,491,086 | ||||
Series 2018-C14, Class A3 | |||||||
4.180% | 12/15/51 | 2,215 | 2,112,828 | ||||
Wells Fargo Commercial Mortgage Trust, | |||||||
Series 2016-NXS06, Class A3 | |||||||
2.642% | 11/15/49 | 4,500 | 4,276,427 | ||||
Series 2017-C38, Class A4 | |||||||
3.190% | 07/15/50 | 3,032 | 2,867,874 | ||||
Series 2019-C49, Class A3 | |||||||
3.749% | 03/15/52 | 7,300 | 7,097,621 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Commercial Mortgage-Backed Securities (continued) | |||||||
Series 2020-C58, Class A3 | |||||||
1.810% | 07/15/53 | 5,000 | $4,214,879 | ||||
Series 2021-C61, Class A3 | |||||||
2.406% | 11/15/54 | 9,000 | 7,595,610 | ||||
Total Commercial Mortgage-Backed Securities (cost $147,949,086) | 136,207,998 | ||||||
Corporate Bonds — 11.9% | |||||||
Aerospace & Defense — 0.2% | |||||||
Boeing Co. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
2.196% | 02/04/26 | 1,610 | 1,507,649 | ||||
3.300% | 03/01/35 | 1,920 | 1,494,391 | ||||
3.900% | 05/01/49 | 1,500 | 1,068,893 | ||||
RTX Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
4.125% | 11/16/28(a) | 910 | 880,774 | ||||
4,951,707 | |||||||
Agriculture — 0.4% | |||||||
BAT Capital Corp. (United Kingdom), | |||||||
Gtd. Notes | |||||||
2.259% | 03/25/28 | 3,190 | 2,844,442 | ||||
3.557% | 08/15/27 | 360 | 340,690 | ||||
6.343% | 08/02/30 | 345 | 359,156 | ||||
Philip Morris International, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
5.125% | 02/15/30 | 5,190 | 5,191,339 | ||||
Vector Group Ltd., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
5.750% | 02/01/29 | 875 | 810,605 | ||||
9,546,232 | |||||||
Airlines — 0.1% | |||||||
American Airlines 2015-1 Class A Pass-Through Trust, | |||||||
Pass-Through Certificates | |||||||
3.375% | 11/01/28 | 1,516 | 1,431,759 | ||||
Continental Airlines 2012-2 Class A Pass-Through Trust, | |||||||
Pass-Through Certificates | |||||||
4.000% | 04/29/26 | 203 | 201,129 | ||||
Southwest Airlines Co., | |||||||
Sr. Unsec’d. Notes | |||||||
2.625% | 02/10/30(a) | 1,375 | 1,196,349 | ||||
United Airlines, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.375% | 04/15/26 | 590 | 570,563 | ||||
4.625% | 04/15/29 | 115 | 106,984 | ||||
3,506,784 | |||||||
Apparel — 0.0% | |||||||
Wolverine World Wide, Inc., | |||||||
Gtd. Notes, 144A | |||||||
4.000% | 08/15/29(a) | 550 | 441,833 |
A14
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Auto Manufacturers — 0.3% | |||||||
Daimler Truck Finance North America LLC (Germany), | |||||||
Gtd. Notes, 144A | |||||||
1.625% | 12/13/24 | 3,770 | $3,668,565 | ||||
Ford Motor Co., | |||||||
Sr. Unsec’d. Notes | |||||||
4.750% | 01/15/43 | 750 | 621,324 | ||||
Ford Motor Credit Co. LLC, | |||||||
Sr. Unsec’d. Notes | |||||||
2.900% | 02/16/28 | 200 | 180,742 | ||||
4.134% | 08/04/25 | 300 | 293,328 | ||||
6.950% | 03/06/26 | 475 | 484,162 | ||||
General Motors Co., | |||||||
Sr. Unsec’d. Notes | |||||||
6.600% | 04/01/36 | 585 | 621,892 | ||||
General Motors Financial Co., Inc., | |||||||
Gtd. Notes | |||||||
3.950% | 04/13/24 | 1,700 | 1,697,808 | ||||
7,567,821 | |||||||
Banks — 3.6% | |||||||
Banco Santander SA (Spain), | |||||||
Sr. Non-Preferred Notes | |||||||
1.849% | 03/25/26 | 800 | 747,362 | ||||
Bank of America Corp., | |||||||
Jr. Sub. Notes, Series JJ | |||||||
5.125%(ff) | 06/20/24(oo) | 1,145 | 1,146,325 | ||||
Sr. Unsec’d. Notes | |||||||
5.288%(ff) | 04/25/34 | 905 | 902,528 | ||||
Sr. Unsec’d. Notes, MTN | |||||||
1.898%(ff) | 07/23/31 | 1,805 | 1,481,846 | ||||
2.496%(ff) | 02/13/31 | 5,165 | 4,445,085 | ||||
3.194%(ff) | 07/23/30 | 1,050 | 952,975 | ||||
3.824%(ff) | 01/20/28 | 615 | 592,310 | ||||
Sub. Notes, MTN | |||||||
4.000% | 01/22/25 | 1,700 | 1,676,103 | ||||
4.200% | 08/26/24 | 745 | 740,256 | ||||
4.450% | 03/03/26 | 4,790 | 4,720,623 | ||||
Bank of America NA, | |||||||
Sub. Notes | |||||||
6.000% | 10/15/36 | 805 | 854,298 | ||||
Bank of New York Mellon Corp. (The), | |||||||
Sr. Unsec’d. Notes, MTN | |||||||
4.975%(ff) | 03/14/30(a) | 2,295 | 2,296,070 | ||||
Barclays PLC (United Kingdom), | |||||||
Sr. Unsec’d. Notes | |||||||
3.650% | 03/16/25 | 935 | 917,082 | ||||
3.932%(ff) | 05/07/25 | 320 | 319,327 | ||||
5.690%(ff) | 03/12/30 | 2,240 | 2,252,476 | ||||
Sr. Unsec’d. Notes, MTN | |||||||
4.972%(ff) | 05/16/29 | 705 | 690,612 | ||||
BNP Paribas SA (France), | |||||||
Sr. Non-Preferred Notes, 144A | |||||||
2.219%(ff) | 06/09/26 | 480 | 461,431 | ||||
3.132%(ff) | 01/20/33 | 1,335 | 1,136,324 | ||||
Sr. Preferred Notes, 144A | |||||||
5.176%(ff) | 01/09/30 | 560 | 559,109 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Banks (cont’d.) | |||||||
CaixaBank SA (Spain), | |||||||
Sr. Non-Preferred Notes, 144A | |||||||
5.673%(ff) | 03/15/30 | 635 | $634,183 | ||||
Citigroup, Inc., | |||||||
Jr. Sub. Notes, Series V | |||||||
4.700%(ff) | 01/30/25(oo) | 1,675 | 1,638,697 | ||||
Sr. Unsec’d. Notes | |||||||
2.561%(ff) | 05/01/32 | 2,100 | 1,749,329 | ||||
3.200% | 10/21/26 | 670 | 638,137 | ||||
3.700% | 01/12/26 | 1,610 | 1,567,894 | ||||
3.887%(ff) | 01/10/28 | 560 | 539,901 | ||||
Sub. Notes | |||||||
4.450% | 09/29/27 | 1,485 | 1,444,155 | ||||
4.750% | 05/18/46 | 440 | 391,334 | ||||
Credit Agricole SA (France), | |||||||
Sr. Non-Preferred Notes, 144A | |||||||
6.316%(ff) | 10/03/29 | 1,640 | 1,698,572 | ||||
Danske Bank A/S (Denmark), | |||||||
Sr. Non-Preferred Notes, 144A | |||||||
5.705%(ff) | 03/01/30 | 1,285 | 1,293,919 | ||||
Deutsche Bank AG (Germany), | |||||||
Sr. Non-Preferred Notes | |||||||
2.129%(ff) | 11/24/26 | 460 | 433,472 | ||||
7.146%(ff) | 07/13/27 | 500 | 513,465 | ||||
Discover Bank, | |||||||
Sr. Unsec’d. Notes | |||||||
4.250% | 03/13/26 | 595 | 579,446 | ||||
Goldman Sachs Group, Inc. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
1.542%(ff) | 09/10/27 | 2,345 | 2,142,330 | ||||
3.750% | 02/25/26 | 1,165 | 1,137,615 | ||||
3.814%(ff) | 04/23/29 | 440 | 417,011 | ||||
3.850% | 01/26/27 | 2,625 | 2,544,949 | ||||
Sub. Notes | |||||||
6.750% | 10/01/37 | 225 | 245,434 | ||||
Huntington Bancshares, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
6.208%(ff) | 08/21/29 | 395 | 404,510 | ||||
ING Groep NV (Netherlands), | |||||||
Sr. Unsec’d. Notes | |||||||
3.550% | 04/09/24(a) | 400 | 399,766 | ||||
JPMorgan Chase & Co., | |||||||
Jr. Sub. Notes, Series FF | |||||||
5.000%(ff) | 08/01/24(oo) | 540 | 538,420 | ||||
Jr. Sub. Notes, Series HH | |||||||
4.600%(ff) | 02/01/25(oo) | 1,245 | 1,227,015 | ||||
Jr. Sub. Notes, Series II | |||||||
4.000%(ff) | 04/01/25(oo) | 230 | 223,740 | ||||
Sr. Unsec’d. Notes | |||||||
2.580%(ff) | 04/22/32 | 1,585 | 1,338,089 | ||||
3.782%(ff) | 02/01/28 | 270 | 260,032 | ||||
3.964%(ff) | 11/15/48 | 2,240 | 1,832,291 | ||||
4.005%(ff) | 04/23/29 | 1,360 | 1,302,934 | ||||
5.299%(ff) | 07/24/29 | 4,890 | 4,926,668 | ||||
Sub. Notes | |||||||
3.875% | 09/10/24 | 1,930 | 1,914,310 |
A15
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Banks (cont’d.) | |||||||
KeyCorp, | |||||||
Sr. Unsec’d. Notes | |||||||
6.401%(ff) | 03/06/35 | 475 | $485,546 | ||||
Mitsubishi UFJ Financial Group, Inc. (Japan), | |||||||
Sr. Unsec’d. Notes | |||||||
5.242%(ff) | 04/19/29(a) | 1,740 | 1,753,824 | ||||
Morgan Stanley, | |||||||
Sr. Unsec’d. Notes | |||||||
5.449%(ff) | 07/20/29 | 1,855 | 1,870,968 | ||||
6.407%(ff) | 11/01/29 | 3,220 | 3,375,693 | ||||
Sr. Unsec’d. Notes, GMTN | |||||||
2.239%(ff) | 07/21/32 | 2,770 | 2,258,860 | ||||
3.772%(ff) | 01/24/29 | 1,295 | 1,232,282 | ||||
3.875% | 01/27/26 | 550 | 537,329 | ||||
4.431%(ff) | 01/23/30 | 455 | 440,365 | ||||
Sr. Unsec’d. Notes, MTN | |||||||
3.591%(ff)(cc) | 07/22/28 | 1,030 | 979,170 | ||||
Sub. Notes, GMTN | |||||||
4.350% | 09/08/26 | 3,050 | 2,984,066 | ||||
Societe Generale SA (France), | |||||||
Sr. Non-Preferred Notes, 144A | |||||||
1.488%(ff) | 12/14/26 | 3,200 | 2,972,229 | ||||
Truist Financial Corp., | |||||||
Sr. Unsec’d. Notes, MTN | |||||||
7.161%(ff) | 10/30/29 | 745 | 794,773 | ||||
UBS Group AG (Switzerland), | |||||||
Sr. Unsec’d. Notes | |||||||
4.550% | 04/17/26 | 3,000 | 2,949,843 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
1.364%(ff) | 01/30/27 | 2,250 | 2,081,033 | ||||
2.193%(ff) | 06/05/26 | 1,100 | 1,052,499 | ||||
3.091%(ff) | 05/14/32 | 560 | 474,600 | ||||
4.282% | 01/09/28 | 980 | 941,421 | ||||
Wells Fargo & Co., | |||||||
Sr. Unsec’d. Notes | |||||||
5.389%(ff) | 04/24/34 | 1,635 | 1,622,746 | ||||
6.491%(ff) | 10/23/34 | 2,555 | 2,742,476 | ||||
Sr. Unsec’d. Notes, MTN | |||||||
2.572%(ff) | 02/11/31 | 2,895 | 2,494,543 | ||||
94,914,026 | |||||||
Beverages — 0.1% | |||||||
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. (Belgium), | |||||||
Gtd. Notes | |||||||
4.700% | 02/01/36 | 1,220 | 1,184,145 | ||||
Constellation Brands, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.250% | 08/01/31 | 780 | 644,418 | ||||
1,828,563 | |||||||
Biotechnology — 0.0% | |||||||
Amgen, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.800% | 08/15/41 | 570 | 413,601 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Building Materials — 0.0% | |||||||
Masonite International Corp., | |||||||
Gtd. Notes, 144A | |||||||
3.500% | 02/15/30 | 400 | $352,000 | ||||
Standard Industries, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.750% | 01/15/28 | 300 | 286,259 | ||||
638,259 | |||||||
Chemicals — 0.1% | |||||||
Dow Chemical Co. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
4.375% | 11/15/42 | 5 | 4,267 | ||||
9.400% | 05/15/39 | 15 | 20,209 | ||||
LYB International Finance BV, | |||||||
Gtd. Notes | |||||||
5.250% | 07/15/43 | 620 | 575,775 | ||||
NOVA Chemicals Corp. (Canada), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.875% | 06/01/24 | 875 | 868,438 | ||||
Sasol Financing USA LLC (South Africa), | |||||||
Gtd. Notes | |||||||
6.500% | 09/27/28(a) | 405 | 385,763 | ||||
1,854,452 | |||||||
Commercial Services — 0.2% | |||||||
DP World Ltd. (United Arab Emirates), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
2.375% | 09/25/26 | EUR | 416 | 432,953 | |||
ERAC USA Finance LLC, | |||||||
Gtd. Notes, 144A | |||||||
4.200% | 11/01/46 | 875 | 734,628 | ||||
7.000% | 10/15/37 | 390 | 445,004 | ||||
United Rentals North America, Inc., | |||||||
Gtd. Notes | |||||||
3.750% | 01/15/32 | 250 | 217,881 | ||||
4.875% | 01/15/28(a) | 735 | 714,800 | ||||
5.250% | 01/15/30 | 265 | 258,478 | ||||
University of Miami, | |||||||
Sr. Unsec’d. Notes, Series 2022 | |||||||
4.063% | 04/01/52 | 815 | 688,157 | ||||
University of Southern California, | |||||||
Sr. Unsec’d. Notes | |||||||
4.976% | 10/01/53 | 947 | 954,156 | ||||
4,446,057 | |||||||
Distribution/Wholesale — 0.0% | |||||||
Ritchie Bros Holdings, Inc. (Canada), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.750% | 03/15/28 | 50 | 50,875 | ||||
Diversified Financial Services — 0.3% | |||||||
BOC Aviation USA Corp. (China), | |||||||
Gtd. Notes, 144A, MTN | |||||||
1.625% | 04/29/24 | 445 | 443,656 | ||||
Cantor Fitzgerald LP, | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.500% | 04/14/27 | 3,485 | 3,326,090 |
A16
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Diversified Financial Services (cont’d.) | |||||||
CDP Financial, Inc. (Canada), | |||||||
Gtd. Notes, 144A | |||||||
3.150% | 07/24/24 | 445 | $441,543 | ||||
Nomura Holdings, Inc. (Japan), | |||||||
Sr. Unsec’d. Notes | |||||||
2.608% | 07/14/31 | 1,490 | 1,235,409 | ||||
6.070% | 07/12/28 | 1,680 | 1,728,013 | ||||
Private Export Funding Corp., | |||||||
U.S. Gov’t. Gtd. Notes, Series NN | |||||||
3.250% | 06/15/25 | 255 | 249,628 | ||||
7,424,339 | |||||||
Electric — 1.2% | |||||||
Abu Dhabi National Energy Co. PJSC (United Arab Emirates), | |||||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
2.000% | 04/29/28 | 370 | 329,531 | ||||
AEP Texas, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.950% | 06/01/28 | 2,105 | 2,009,252 | ||||
Alfa Desarrollo SpA (Chile), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.550% | 09/27/51 | 437 | 332,913 | ||||
Baltimore Gas & Electric Co., | |||||||
Sr. Unsec’d. Notes | |||||||
6.350% | 10/01/36 | 530 | 574,410 | ||||
Berkshire Hathaway Energy Co., | |||||||
Sr. Unsec’d. Notes | |||||||
5.950% | 05/15/37 | 335 | 349,621 | ||||
Calpine Corp., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.750% | 03/01/31 | 1,400 | 1,228,632 | ||||
CenterPoint Energy Houston Electric LLC, | |||||||
General Ref. Mortgage, Series K2 | |||||||
6.950% | 03/15/33 | 300 | 342,136 | ||||
Comision Federal de Electricidad (Mexico), | |||||||
Gtd. Notes, 144A | |||||||
4.688% | 05/15/29 | 1,000 | 939,375 | ||||
Connecticut Light & Power Co. (The), | |||||||
First Mortgage, Series A | |||||||
2.050% | 07/01/31 | 2,290 | 1,876,516 | ||||
Consolidated Edison Co. of New York, Inc., | |||||||
Sr. Unsec’d. Notes, Series 09-C | |||||||
5.500% | 12/01/39 | 145 | 146,484 | ||||
Duke Energy Carolinas LLC, | |||||||
First Mortgage | |||||||
4.950% | 01/15/33 | 2,260 | 2,247,884 | ||||
6.050% | 04/15/38 | 530 | 561,900 | ||||
El Paso Electric Co., | |||||||
Sr. Unsec’d. Notes | |||||||
6.000% | 05/15/35 | 845 | 850,806 | ||||
Enel Finance International NV (Italy), | |||||||
Gtd. Notes, 144A | |||||||
2.250% | 07/12/31 | 1,500 | 1,212,268 | ||||
Eskom Holdings SOC Ltd. (South Africa), | |||||||
Gov’t. Gtd. Notes, 144A, MTN | |||||||
6.350% | 08/10/28 | 349 | 334,168 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Electric (cont’d.) | |||||||
FirstEnergy Pennsylvania Electric Co., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.200% | 04/01/28 | 530 | $530,725 | ||||
Florida Power & Light Co., | |||||||
First Mortgage | |||||||
5.950% | 10/01/33 | 380 | 402,408 | ||||
Iberdrola International BV (Spain), | |||||||
Gtd. Notes | |||||||
6.750% | 09/15/33 | 140 | 149,992 | ||||
Israel Electric Corp. Ltd. (Israel), | |||||||
Sr. Sec’d. Notes, 144A, GMTN | |||||||
4.250% | 08/14/28 | 575 | 534,930 | ||||
Monongahela Power Co., | |||||||
First Mortgage, 144A | |||||||
4.100% | 04/15/24 | 1,560 | 1,558,381 | ||||
NextEra Energy Capital Holdings, Inc., | |||||||
Gtd. Notes | |||||||
4.900% | 02/28/28 | 2,515 | 2,506,967 | ||||
6.051% | 03/01/25 | 515 | 516,986 | ||||
Northern States Power Co., | |||||||
First Mortgage | |||||||
3.600% | 09/15/47 | 1,035 | 782,739 | ||||
NRG Energy, Inc., | |||||||
Gtd. Notes, 144A | |||||||
3.625% | 02/15/31 | 50 | 43,167 | ||||
3.875% | 02/15/32(a) | 150 | 128,702 | ||||
Sr. Sec’d. Notes, 144A | |||||||
2.000% | 12/02/25 | 225 | 211,217 | ||||
2.450% | 12/02/27 | 345 | 310,314 | ||||
Ohio Power Co., | |||||||
Sr. Unsec’d. Notes | |||||||
4.000% | 06/01/49 | 465 | 366,051 | ||||
Pacific Gas & Electric Co., | |||||||
First Mortgage | |||||||
4.950% | 07/01/50 | 855 | 736,548 | ||||
PacifiCorp, | |||||||
First Mortgage | |||||||
5.350% | 12/01/53 | 2,045 | 1,903,008 | ||||
PECO Energy Co., | |||||||
First Mortgage | |||||||
2.800% | 06/15/50 | 785 | 512,155 | ||||
Public Service Electric & Gas Co., | |||||||
First Mortgage, MTN | |||||||
3.700% | 05/01/28(a) | 850 | 816,503 | ||||
4.900% | 12/15/32 | 820 | 815,823 | ||||
Sr. Sec’d. Notes, MTN | |||||||
5.800% | 05/01/37 | 515 | 536,578 | ||||
Public Service Enterprise Group, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
1.600% | 08/15/30 | 1,235 | 997,429 | ||||
San Diego Gas & Electric Co., | |||||||
First Mortgage | |||||||
4.150% | 05/15/48 | 1,010 | 842,755 | ||||
Southern California Edison Co., | |||||||
First Ref. Mortgage | |||||||
4.000% | 04/01/47 | 350 | 277,235 |
A17
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Electric (cont’d.) | |||||||
First Ref. Mortgage, Series C | |||||||
3.600% | 02/01/45 | 690 | $516,508 | ||||
Vistra Operations Co. LLC, | |||||||
Gtd. Notes, 144A | |||||||
5.000% | 07/31/27 | 495 | 479,641 | ||||
Sr. Sec’d. Notes, 144A | |||||||
3.550% | 07/15/24 | 1,475 | 1,463,353 | ||||
Xcel Energy, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.800% | 09/15/41 | 480 | 411,936 | ||||
31,687,947 | |||||||
Engineering & Construction — 0.1% | |||||||
AECOM, | |||||||
Gtd. Notes | |||||||
5.125% | 03/15/27 | 500 | 491,573 | ||||
Mexico City Airport Trust (Mexico), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.250% | 10/31/26 | 415 | 400,799 | ||||
5.500% | 07/31/47 | 1,350 | 1,139,484 | ||||
2,031,856 | |||||||
Entertainment — 0.1% | |||||||
Caesars Entertainment, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
7.000% | 02/15/30 | 400 | 410,634 | ||||
International Game Technology PLC, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.500% | 02/15/25 | 475 | 475,166 | ||||
Warnermedia Holdings, Inc., | |||||||
Gtd. Notes | |||||||
5.050% | 03/15/42(a) | 450 | 386,046 | ||||
5.141% | 03/15/52 | 650 | 539,753 | ||||
1,811,599 | |||||||
Foods — 0.2% | |||||||
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc., | |||||||
Gtd. Notes | |||||||
5.125% | 02/01/28 | 3,000 | 2,955,216 | ||||
Kraft Heinz Foods Co., | |||||||
Gtd. Notes | |||||||
6.500% | 02/09/40 | 1,135 | 1,234,847 | ||||
Lamb Weston Holdings, Inc., | |||||||
Gtd. Notes, 144A | |||||||
4.125% | 01/31/30 | 200 | 182,473 | ||||
4.375% | 01/31/32 | 575 | 515,277 | ||||
Mars, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
2.375% | 07/16/40 | 535 | 372,415 | ||||
5,260,228 | |||||||
Forest Products & Paper — 0.0% | |||||||
Celulosa Arauco y Constitucion SA (Chile), | |||||||
Sr. Unsec’d. Notes | |||||||
4.500% | 08/01/24 | 207 | 205,504 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Gas — 0.1% | |||||||
NiSource, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
1.700% | 02/15/31 | 270 | $215,821 | ||||
3.600% | 05/01/30 | 1,600 | 1,475,153 | ||||
Piedmont Natural Gas Co., Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.500% | 06/01/29 | 2,090 | 1,946,506 | ||||
3,637,480 | |||||||
Healthcare-Products — 0.0% | |||||||
Medline Borrower LP, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.875% | 04/01/29 | 475 | 432,366 | ||||
Healthcare-Services — 0.4% | |||||||
Aetna, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
6.625% | 06/15/36 | 480 | 527,597 | ||||
CommonSpirit Health, | |||||||
Sr. Sec’d. Notes | |||||||
5.318% | 12/01/34 | 2,650 | 2,652,904 | ||||
Elevance Health, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.600% | 03/15/51 | 885 | 663,050 | ||||
4.625% | 05/15/42 | 330 | 300,445 | ||||
Kaiser Foundation Hospitals, | |||||||
Gtd. Notes | |||||||
4.150% | 05/01/47 | 670 | 576,967 | ||||
Tenet Healthcare Corp., | |||||||
Sr. Sec’d. Notes | |||||||
4.375% | 01/15/30 | 425 | 392,992 | ||||
UnitedHealth Group, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.750% | 05/15/52 | 455 | 421,421 | ||||
5.050% | 04/15/53 | 397 | 385,959 | ||||
5.200% | 04/15/63 | 1,030 | 999,770 | ||||
5.500% | 04/15/64 | 1,380 | 1,403,674 | ||||
6.050% | 02/15/63 | 630 | 693,697 | ||||
9,018,476 | |||||||
Home Builders — 0.0% | |||||||
KB Home, | |||||||
Gtd. Notes | |||||||
4.000% | 06/15/31(a) | 400 | 354,631 | ||||
Taylor Morrison Communities, Inc., | |||||||
Gtd. Notes, 144A | |||||||
5.875% | 06/15/27 | 405 | 404,945 | ||||
759,576 | |||||||
Insurance — 0.2% | |||||||
Fairfax Financial Holdings Ltd. (Canada), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
6.000% | 12/07/33 | 2,375 | 2,407,676 | ||||
Liberty Mutual Group, Inc., | |||||||
Gtd. Notes, 144A | |||||||
3.951% | 10/15/50 | 1,125 | 848,290 |
A18
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Insurance (cont’d.) | |||||||
Lincoln National Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
6.300% | 10/09/37 | 701 | $721,420 | ||||
Markel Group, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
5.000% | 03/30/43 | 165 | 150,251 | ||||
New York Life Insurance Co., | |||||||
Sub. Notes, 144A | |||||||
6.750% | 11/15/39 | 650 | 741,761 | ||||
Principal Financial Group, Inc., | |||||||
Gtd. Notes | |||||||
4.625% | 09/15/42 | 105 | 95,528 | ||||
Teachers Insurance & Annuity Association of America, | |||||||
Sub. Notes, 144A | |||||||
4.270% | 05/15/47 | 1,430 | 1,185,613 | ||||
6.850% | 12/16/39 | 122 | 138,669 | ||||
6,289,208 | |||||||
Lodging — 0.0% | |||||||
Marriott International, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.900% | 04/15/29(a) | 350 | 347,437 | ||||
Media — 0.4% | |||||||
CCO Holdings LLC/CCO Holdings Capital Corp., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.125% | 05/01/27 | 75 | 71,440 | ||||
5.500% | 05/01/26 | 425 | 418,822 | ||||
Charter Communications Operating LLC/Charter Communications Operating Capital, | |||||||
Sr. Sec’d. Notes | |||||||
3.900% | 06/01/52 | 500 | 318,268 | ||||
5.050% | 03/30/29 | 1,370 | 1,321,054 | ||||
6.384% | 10/23/35 | 1,695 | 1,676,528 | ||||
6.484% | 10/23/45 | 1,000 | 927,884 | ||||
Comcast Corp., | |||||||
Gtd. Notes | |||||||
5.500% | 05/15/64 | 1,920 | 1,925,412 | ||||
Cox Communications, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
2.600% | 06/15/31 | 3,695 | 3,069,057 | ||||
CSC Holdings LLC, | |||||||
Gtd. Notes, 144A | |||||||
4.500% | 11/15/31(a) | 1,000 | 707,682 | ||||
Discovery Communications LLC, | |||||||
Gtd. Notes | |||||||
4.000% | 09/15/55 | 823 | 562,096 | ||||
Time Warner Cable LLC, | |||||||
Sr. Sec’d. Notes | |||||||
5.500% | 09/01/41 | 270 | 225,116 | ||||
11,223,359 | |||||||
Mining — 0.1% | |||||||
Newmont Corp., | |||||||
Gtd. Notes | |||||||
2.800% | 10/01/29 | 1,750 | 1,571,321 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Mining (cont’d.) | |||||||
Newmont Corp./Newcrest Finance Pty Ltd., | |||||||
Gtd. Notes, 144A | |||||||
5.350% | 03/15/34(a) | 760 | $764,571 | ||||
2,335,892 | |||||||
Miscellaneous Manufacturing — 0.1% | |||||||
Amsted Industries, Inc., | |||||||
Gtd. Notes, 144A | |||||||
5.625% | 07/01/27 | 800 | 788,457 | ||||
Pentair Finance Sarl, | |||||||
Gtd. Notes | |||||||
4.500% | 07/01/29 | 2,415 | 2,316,388 | ||||
3,104,845 | |||||||
Multi-National — 0.0% | |||||||
Corp. Andina de Fomento (Supranational Bank), | |||||||
Sr. Unsec’d. Notes | |||||||
5.000% | 01/24/29 | 965 | 962,288 | ||||
Office/Business Equipment — 0.1% | |||||||
CDW LLC/CDW Finance Corp., | |||||||
Gtd. Notes | |||||||
2.670% | 12/01/26 | 1,270 | 1,182,046 | ||||
5.500% | 12/01/24 | 500 | 498,266 | ||||
1,680,312 | |||||||
Oil & Gas — 0.4% | |||||||
Aker BP ASA (Norway), | |||||||
Gtd. Notes, 144A | |||||||
3.100% | 07/15/31 | 530 | 452,419 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
3.750% | 01/15/30 | 2,222 | 2,027,989 | ||||
Cenovus Energy, Inc. (Canada), | |||||||
Sr. Unsec’d. Notes | |||||||
5.400% | 06/15/47 | 506 | 474,073 | ||||
Devon Energy Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
5.600% | 07/15/41 | 225 | 217,022 | ||||
Ecopetrol SA (Colombia), | |||||||
Sr. Unsec’d. Notes | |||||||
6.875% | 04/29/30 | 440 | 426,576 | ||||
8.625% | 01/19/29 | 1,315 | 1,388,186 | ||||
Endeavor Energy Resources LP/EER Finance, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.750% | 01/30/28 | 350 | 352,692 | ||||
Energean Israel Finance Ltd. (Israel), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
5.375% | 03/30/28 | 84 | 76,834 | ||||
Hilcorp Energy I LP/Hilcorp Finance Co., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
6.000% | 04/15/30 | 215 | 210,358 | ||||
6.250% | 04/15/32 | 325 | 320,705 | ||||
Korea National Oil Corp. (South Korea), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.750% | 04/03/26 | 335 | 331,828 | ||||
4.875% | 04/03/28 | 345 | 343,458 |
A19
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Oil & Gas (cont’d.) | |||||||
Petroleos Mexicanos (Mexico), | |||||||
Gtd. Notes | |||||||
6.350% | 02/12/48 | 195 | $124,361 | ||||
6.490% | 01/23/27 | 346 | 325,724 | ||||
6.500% | 03/13/27 | 130 | 122,201 | ||||
6.840% | 01/23/30 | 100 | 87,750 | ||||
Gtd. Notes, MTN | |||||||
6.750% | 09/21/47 | 279 | 184,419 | ||||
6.875% | 08/04/26 | 770 | 747,092 | ||||
QatarEnergy (Qatar), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
1.375% | 09/12/26 | 500 | 458,438 | ||||
2.250% | 07/12/31 | 545 | 456,778 | ||||
Santos Finance Ltd. (Australia), | |||||||
Gtd. Notes, 144A | |||||||
6.875% | 09/19/33 | 635 | 669,334 | ||||
Southwestern Energy Co., | |||||||
Gtd. Notes | |||||||
4.750% | 02/01/32 | 325 | 299,208 | ||||
10,097,445 | |||||||
Packaging & Containers — 0.2% | |||||||
Ball Corp., | |||||||
Gtd. Notes | |||||||
3.125% | 09/15/31(a) | 300 | 255,642 | ||||
6.000% | 06/15/29 | 725 | 731,723 | ||||
Berry Global, Inc., | |||||||
Sr. Sec’d. Notes | |||||||
1.570% | 01/15/26 | 3,570 | 3,342,307 | ||||
Graphic Packaging International LLC, | |||||||
Gtd. Notes | |||||||
4.125% | 08/15/24 | 450 | 446,182 | ||||
Sealed Air Corp./Sealed Air Corp. US, | |||||||
Gtd. Notes, 144A | |||||||
6.125% | 02/01/28 | 75 | 75,217 | ||||
4,851,071 | |||||||
Pharmaceuticals — 0.3% | |||||||
AbbVie, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.800% | 03/15/25 | 950 | 936,687 | ||||
4.050% | 11/21/39 | 140 | 124,664 | ||||
4.550% | 03/15/35 | 1,770 | 1,708,047 | ||||
4.700% | 05/14/45 | 425 | 396,985 | ||||
Bayer US Finance II LLC (Germany), | |||||||
Gtd. Notes, 144A | |||||||
4.250% | 12/15/25 | 1,150 | 1,121,655 | ||||
Becton, Dickinson & Co., | |||||||
Sr. Unsec’d. Notes | |||||||
3.734% | 12/15/24 | 102 | 100,677 | ||||
Cigna Group (The), | |||||||
Sr. Unsec’d. Notes | |||||||
3.200% | 03/15/40 | 1,555 | 1,178,204 | ||||
CVS Health Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
5.125% | 07/20/45 | 985 | 907,255 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Pharmaceuticals (cont’d.) | |||||||
5.875% | 06/01/53(a) | 150 | $152,364 | ||||
Mylan, Inc., | |||||||
Gtd. Notes | |||||||
5.400% | 11/29/43 | 590 | 517,630 | ||||
Organon & Co./Organon Foreign Debt Co-Issuer BV, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.125% | 04/30/28 | 700 | 652,104 | ||||
Viatris, Inc., | |||||||
Gtd. Notes | |||||||
3.850% | 06/22/40 | 520 | 383,951 | ||||
8,180,223 | |||||||
Pipelines — 0.9% | |||||||
Antero Midstream Partners LP/Antero Midstream Finance Corp., | |||||||
Gtd. Notes, 144A | |||||||
7.875% | 05/15/26 | 525 | 535,407 | ||||
Columbia Pipelines Operating Co. LLC, | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.927% | 08/15/30 | 590 | 604,831 | ||||
DCP Midstream Operating LP, | |||||||
Gtd. Notes | |||||||
5.125% | 05/15/29 | 2,600 | 2,591,965 | ||||
Eastern Gas Transmission & Storage, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.600% | 12/15/44 | 45 | 38,689 | ||||
EIG Pearl Holdings Sarl (Saudi Arabia), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.545% | 08/31/36 | 1,060 | 905,306 | ||||
Energy Transfer LP, | |||||||
Sr. Unsec’d. Notes | |||||||
4.950% | 06/15/28 | 795 | 788,080 | ||||
5.550% | 05/15/34 | 3,255 | 3,264,446 | ||||
6.125% | 12/15/45 | 120 | 120,742 | ||||
6.250% | 04/15/49 | 885 | 908,756 | ||||
6.400% | 12/01/30 | 280 | 295,367 | ||||
6.550% | 12/01/33 | 1,125 | 1,205,569 | ||||
EQM Midstream Partners LP, | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
7.500% | 06/01/27 | 25 | 25,631 | ||||
7.500% | 06/01/30 | 25 | 26,726 | ||||
Greensaif Pipelines Bidco Sarl (Saudi Arabia), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.129% | 02/23/38 | 365 | 371,278 | ||||
6.510% | 02/23/42 | 475 | 493,852 | ||||
Kinder Morgan, Inc., | |||||||
Gtd. Notes | |||||||
3.600% | 02/15/51 | 1,575 | 1,100,134 | ||||
MPLX LP, | |||||||
Sr. Unsec’d. Notes | |||||||
4.000% | 02/15/25 | 1,140 | 1,123,672 | ||||
4.875% | 06/01/25 | 2,275 | 2,256,407 | ||||
5.200% | 03/01/47 | 25 | 22,888 | ||||
5.500% | 02/15/49 | 700 | 667,326 | ||||
ONEOK Partners LP, | |||||||
Gtd. Notes | |||||||
6.650% | 10/01/36 | 130 | 139,848 |
A20
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Pipelines (cont’d.) | |||||||
ONEOK, Inc., | |||||||
Gtd. Notes | |||||||
3.100% | 03/15/30 | 3,495 | $3,128,469 | ||||
4.500% | 03/15/50 | 245 | 199,500 | ||||
6.050% | 09/01/33 | 764 | 797,578 | ||||
Venture Global Calcasieu Pass LLC, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.875% | 08/15/29 | 80 | 72,021 | ||||
4.125% | 08/15/31 | 55 | 48,980 | ||||
Western Midstream Operating LP, | |||||||
Sr. Unsec’d. Notes | |||||||
5.300% | 03/01/48 | 80 | 69,721 | ||||
Williams Cos., Inc. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
4.900% | 01/15/45 | 1,100 | 983,405 | ||||
5.150% | 03/15/34(a) | 370 | 366,780 | ||||
23,153,374 | |||||||
Real Estate Investment Trusts (REITs) — 0.5% | |||||||
Alexandria Real Estate Equities, Inc., | |||||||
Gtd. Notes | |||||||
2.950% | 03/15/34 | 420 | 345,539 | ||||
5.250% | 05/15/36 | 1,900 | 1,863,334 | ||||
American Tower Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
5.200% | 02/15/29(a) | 2,235 | 2,235,418 | ||||
COPT Defense Properties LP, | |||||||
Gtd. Notes | |||||||
2.900% | 12/01/33(a) | 945 | 741,449 | ||||
GLP Capital LP/GLP Financing II, Inc., | |||||||
Gtd. Notes | |||||||
5.375% | 04/15/26 | 725 | 719,029 | ||||
Healthpeak OP LLC, | |||||||
Gtd. Notes | |||||||
5.250% | 12/15/32 | 2,500 | 2,481,643 | ||||
Kimco Realty OP LLC, | |||||||
Gtd. Notes | |||||||
2.700% | 10/01/30 | 2,420 | 2,090,259 | ||||
MPT Operating Partnership LP/MPT Finance Corp., | |||||||
Gtd. Notes | |||||||
3.500% | 03/15/31(a) | 625 | 433,262 | ||||
5.000% | 10/15/27(a) | 275 | 232,137 | ||||
Sun Communities Operating LP, | |||||||
Gtd. Notes | |||||||
5.500% | 01/15/29 | 3,005 | 2,999,985 | ||||
14,142,055 | |||||||
Retail — 0.2% | |||||||
1011778 BC ULC/New Red Finance, Inc. (Canada), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.875% | 01/15/28 | 400 | 376,000 | ||||
AutoZone, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.750% | 04/18/29 | 1,820 | 1,722,222 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Retail (cont’d.) | |||||||
Dollar Tree, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.000% | 05/15/25 | 3,395 | $3,338,760 | ||||
Gap, Inc. (The), | |||||||
Gtd. Notes, 144A | |||||||
3.625% | 10/01/29 | 200 | 175,206 | ||||
3.875% | 10/01/31 | 375 | 317,176 | ||||
5,929,364 | |||||||
Semiconductors — 0.1% | |||||||
Broadcom, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.187% | 11/15/36 | 3,650 | 2,901,497 | ||||
Intel Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
5.625% | 02/10/43 | 255 | 263,771 | ||||
3,165,268 | |||||||
Software — 0.2% | |||||||
Oracle Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
4.300% | 07/08/34 | 1,569 | 1,447,350 | ||||
ServiceNow, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
1.400% | 09/01/30 | 1,375 | 1,112,432 | ||||
Workday, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.800% | 04/01/32(a) | 1,845 | 1,679,831 | ||||
4,239,613 | |||||||
Telecommunications — 0.7% | |||||||
AT&T, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.550% | 12/01/33 | 346 | 277,395 | ||||
3.500% | 09/15/53 | 1,367 | 965,750 | ||||
3.650% | 09/15/59 | 4 | 2,786 | ||||
4.500% | 05/15/35 | 1,095 | 1,021,198 | ||||
5.400% | 02/15/34 | 2,125 | 2,152,421 | ||||
Level 3 Financing, Inc., | |||||||
Sec’d. Notes, 144A | |||||||
4.500% | 04/01/30 | 175 | 109,964 | ||||
4.875% | 06/15/29 | 75 | 50,063 | ||||
Sr. Sec’d. Notes, 144A | |||||||
10.500% | 04/15/29 | 250 | 257,628 | ||||
10.500% | 05/15/30 | 300 | 309,687 | ||||
11.000% | 11/15/29 | 854 | 889,735 | ||||
Motorola Solutions, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
5.400% | 04/15/34 | 2,665 | 2,659,910 | ||||
T-Mobile USA, Inc., | |||||||
Gtd. Notes | |||||||
2.550% | 02/15/31 | 965 | 821,742 | ||||
3.750% | 04/15/27 | 200 | 192,588 | ||||
3.875% | 04/15/30 | 5,500 | 5,155,602 |
A21
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Telecommunications (cont’d.) | |||||||
Verizon Communications, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
1.680% | 10/30/30 | 490 | $399,452 | ||||
2.550% | 03/21/31 | 1,017 | 868,872 | ||||
2.650% | 11/20/40 | 1,095 | 771,526 | ||||
3.150% | 03/22/30 | 1,365 | 1,235,129 | ||||
18,141,448 | |||||||
Transportation — 0.1% | |||||||
Burlington Northern Santa Fe LLC, | |||||||
Sr. Unsec’d. Notes | |||||||
6.700% | 08/01/28 | 735 | 787,717 | ||||
CSX Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
6.150% | 05/01/37 | 690 | 754,421 | ||||
GN Bondco LLC, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
9.500% | 10/15/31 | 350 | 349,565 | ||||
Norfolk Southern Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
5.590% | 05/17/25 | 120 | 120,525 | ||||
XPO, Inc., | |||||||
Gtd. Notes, 144A | |||||||
7.125% | 06/01/31 | 100 | 102,661 | ||||
2,114,889 | |||||||
Total Corporate Bonds (cost $330,591,153) | 312,387,672 | ||||||
Floating Rate and Other Loans — 0.0% | |||||||
Telecommunications | |||||||
Level 3 Financing, Inc., | |||||||
Term Loan, 1 Month SOFR + 6.560% | |||||||
11.875%(c) | 04/16/29^ | 60 | 59,183 | ||||
11.875%(c) | 04/15/30^ | 60 | 59,617 | ||||
Lumen Technologies, Inc., | |||||||
Additional Second Lien Loan Facility | |||||||
—%(p) | 06/01/28 | EUR | 18 | 16,310 | |||
Term B-1 Loan, 1 Month SOFR + 2.464% | |||||||
7.780%(c) | 04/15/29 | 25 | 18,585 | ||||
Term B-2 Loan, 1 Month SOFR + 2.464% | |||||||
7.780%(c) | 04/15/30^ | 26 | 18,971 | ||||
Total Floating Rate and Other Loans (cost $172,540) | 172,666 | ||||||
Municipal Bonds — 0.4% | |||||||
Alabama — 0.0% | |||||||
Alabama Economic Settlement Authority, | |||||||
Taxable, Revenue Bonds, Series B | |||||||
4.263% | 09/15/32 | 180 | 173,039 | ||||
California — 0.1% | |||||||
Bay Area Toll Authority, | |||||||
Revenue Bonds, BABs, Series F2 | |||||||
6.263% | 04/01/49 | 1,305 | 1,467,991 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Municipal Bonds (continued) | |||||||
California (cont’d.) | |||||||
State of California, | |||||||
General Obligation Unlimited, BABs | |||||||
7.300% | 10/01/39 | 1,250 | $1,463,640 | ||||
General Obligation Unlimited, Taxable, BABs | |||||||
7.500% | 04/01/34 | 350 | 411,784 | ||||
7.625% | 03/01/40 | 205 | 250,988 | ||||
3,594,403 | |||||||
Colorado — 0.0% | |||||||
Regional Transportation District Sales Tax Revenue, | |||||||
Revenue Bonds, BABs, Series B | |||||||
5.844% | 11/01/50 | 565 | 609,659 | ||||
Illinois — 0.1% | |||||||
Chicago O’Hare International Airport, | |||||||
Revenue Bonds, BABs, Series B | |||||||
6.395% | 01/01/40 | 970 | 1,065,885 | ||||
New Jersey — 0.1% | |||||||
New Jersey Turnpike Authority, | |||||||
Taxable, Revenue Bonds, BABs, Series F | |||||||
7.414% | 01/01/40 | 1,000 | 1,202,468 | ||||
New York — 0.1% | |||||||
New York City Transitional Finance Authority Future Tax Secured Revenue, | |||||||
Taxable, Revenue Bonds, BABs | |||||||
5.767% | 08/01/36 | 1,000 | 1,032,980 | ||||
Ohio — 0.0% | |||||||
Ohio State University (The), | |||||||
Taxable, Revenue Bonds, BABs, Series C | |||||||
4.910% | 06/01/40 | 415 | 410,765 | ||||
Oregon — 0.0% | |||||||
State of Oregon Department of Transportation, | |||||||
Taxable, Revenue Bonds, BABs, Series A | |||||||
5.834% | 11/15/34 | 425 | 443,062 | ||||
Pennsylvania — 0.0% | |||||||
Pennsylvania Turnpike Commission, | |||||||
Revenue Bonds, BABs, Series B | |||||||
5.511% | 12/01/45 | 505 | 521,303 | ||||
Virginia — 0.0% | |||||||
University of Virginia, | |||||||
Taxable, Revenue Bonds, Series C | |||||||
4.179% | 09/01/2117 | 355 | 284,790 | ||||
Total Municipal Bonds (cost $8,635,347) | 9,338,354 | ||||||
Residential Mortgage-Backed Securities — 1.0% | |||||||
Banc of America Mortgage Trust, | |||||||
Series 2005-A, Class 2A1 | |||||||
4.997%(cc) | 02/25/35 | 30 | 28,028 | ||||
Bellemeade Re Ltd., | |||||||
Series 2021-03A, Class A2, 144A, 30 Day Average SOFR + 1.000% (Cap N/A, Floor 1.000%) | |||||||
6.320%(c) | 09/25/31 | 1,500 | 1,499,996 | ||||
Series 2021-03A, Class M1A, 144A, 30 Day Average SOFR + 1.000% (Cap N/A, Floor 1.000%) | |||||||
6.320%(c) | 09/25/31 | 174 | 173,501 |
A22
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Residential Mortgage-Backed Securities (continued) | |||||||
Series 2022-01, Class M1A, 144A, 30 Day Average SOFR + 1.750% (Cap N/A, Floor 1.750%) | |||||||
7.070%(c) | 01/26/32 | 993 | $993,695 | ||||
BRAVO Residential Funding Trust, | |||||||
Series 2023-RPL01, Class A1, 144A | |||||||
5.000%(cc) | 05/25/63 | 1,644 | 1,616,030 | ||||
Chase Mortgage Finance Trust, | |||||||
Series 2007-A01, Class 1A5 | |||||||
5.769%(cc) | 02/25/37 | 51 | 49,486 | ||||
Credit Suisse Mortgage Trust, | |||||||
Series 2018-RPL09, Class A, 144A | |||||||
3.850%(cc) | 09/25/57 | 447 | 421,337 | ||||
Fannie Mae REMIC, | |||||||
Series 2020-24, Class SP, IO, 30 Day Average SOFR x (1) + 5.936% (Cap 6.050%, Floor 0.000%) | |||||||
0.615%(c) | 04/25/50 | 718 | 85,081 | ||||
Series 2022-51, Class PS, IO, 30 Day Average SOFR x (1) + 5.950% (Cap 5.950%, Floor 0.000%) | |||||||
0.630%(c) | 08/25/52 | 1,762 | 145,135 | ||||
FHLMC Structured Agency Credit Risk REMIC Trust, | |||||||
Series 2020-HQA04, Class B1, 144A, 30 Day Average SOFR + 5.364% (Cap N/A, Floor 0.000%) | |||||||
10.685%(c) | 09/25/50 | 130 | 143,454 | ||||
Series 2021-DNA03, Class M2, 144A, 30 Day Average SOFR + 2.100% (Cap N/A, Floor 0.000%) | |||||||
7.420%(c) | 10/25/33 | 2,005 | 2,040,032 | ||||
Series 2021-DNA05, Class M2, 144A, 30 Day Average SOFR + 1.650% (Cap N/A, Floor 0.000%) | |||||||
6.970%(c) | 01/25/34 | 123 | 123,062 | ||||
Series 2021-HQA03, Class M1, 144A, 30 Day Average SOFR + 0.850% (Cap N/A, Floor 0.000%) | |||||||
6.170%(c) | 09/25/41 | 3,316 | 3,300,183 | ||||
Series 2022-DNA01, Class M1A, 144A, 30 Day Average SOFR + 1.000% (Cap N/A, Floor 0.000%) | |||||||
6.320%(c) | 01/25/42 | 858 | 858,035 | ||||
Freddie Mac REMIC, | |||||||
Series 4535, Class PA | |||||||
3.000% | 03/15/44 | 294 | 276,989 | ||||
Series 5021, Class SB, IO, 30 Day Average SOFR x (1) + 3.550% (Cap 3.550%, Floor 0.000%) | |||||||
0.000%(c) | 10/25/50 | 1,808 | 53,427 | ||||
Series 5222, Class SA, IO, 30 Day Average SOFR x (1) + 3.500% (Cap 3.500%, Floor 0.000%) | |||||||
0.000%(c) | 05/25/52 | 278 | 4,208 | ||||
Series 5250, Class NH | |||||||
3.000% | 08/25/52 | 1,500 | 1,281,365 | ||||
Series 5269, Class AD | |||||||
2.000% | 01/25/55 | 4,501 | 3,458,590 | ||||
Freddie Mac Strips, | |||||||
Series 406, Class PO, PO | |||||||
1.218%(s) | 10/25/53 | 2,322 | 1,857,704 | ||||
Government National Mortgage Assoc., | |||||||
Series 2018-121, Class KS, IO, 1 Month SOFR x (1) + 3.746% (Cap 3.860%, Floor 0.000%) | |||||||
0.000%(c) | 09/20/48 | 868 | 16,504 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Residential Mortgage-Backed Securities (continued) | |||||||
Series 2018-148, Class DS, IO, 1 Month SOFR x (1) + 3.726% (Cap 3.840%, Floor 0.000%) | |||||||
0.000%(c) | 10/20/48 | 1,093 | $22,441 | ||||
Series 2018-151, Class SL, 1 Month SOFR x (1) + 3.686% (Cap 3.800%, Floor 0.000%) | |||||||
0.000%(c) | 11/20/48 | 3,528 | 83,246 | ||||
Series 2018-155, Class PS, IO, 1 Month SOFR x (1) + 3.186% (Cap 2.000%, Floor 0.000%) | |||||||
0.000%(c) | 11/20/48 | 1,892 | 24,351 | ||||
Series 2019-069, Class KB | |||||||
3.000% | 06/20/49 | 2,400 | 1,830,955 | ||||
Series 2019-092, Class S, IO, 1 Month SOFR x (1) + 2.696% (Cap 2.810%, Floor 0.000%) | |||||||
0.000%(c) | 07/20/49 | 3,362 | 37,970 | ||||
Series 2019-097, Class MS, IO, 1 Month SOFR x (1) + 2.966% (Cap 3.080%, Floor 0.000%) | |||||||
0.000%(c) | 08/20/49 | 2,827 | 38,105 | ||||
Series 2019-099, Class SA, IO, 1 Month SOFR x (1) + 3.236% (Cap 3.350%, Floor 0.000%) | |||||||
0.000%(c) | 08/20/49 | 1,729 | 28,321 | ||||
Series 2021-165, Class ST, IO, 1 Month SOFR x (1) + 3.246% (Cap 0.020%, Floor 0.000%) | |||||||
0.000%(c) | 01/20/50 | 433 | 104 | ||||
Series 2022-046, Class S, IO, 30 Day Average SOFR x (1) + 3.500% (Cap 3.500%, Floor 0.000%) | |||||||
0.000%(c) | 03/20/52 | 721 | 12,557 | ||||
Series 2022-051, Class SC, IO, 30 Day Average SOFR x (1) + 3.500% (Cap 3.500%, Floor 0.000%) | |||||||
0.000%(c) | 03/20/52 | 3,293 | 67,635 | ||||
Series 2022-066, Class SB, IO, 30 Day Average SOFR x (1) + 3.850% (Cap 3.850%, Floor 0.000%) | |||||||
0.000%(c) | 04/20/52 | 1,083 | 21,453 | ||||
Series 2022-068, Class SP, IO, 30 Day Average SOFR x (1) + 3.850% (Cap 3.850%, Floor 0.000%) | |||||||
0.000%(c) | 04/20/52 | 877 | 21,028 | ||||
Series 2022-078, Class MS, IO, 30 Day Average SOFR x (1) + 3.600% (Cap 3.600%, Floor 0.000%) | |||||||
0.000%(c) | 04/20/52 | 2,891 | 55,151 | ||||
Series 2022-078, Class SB, IO, 30 Day Average SOFR x (1) + 3.750% (Cap 3.750%, Floor 0.000%) | |||||||
0.000%(c) | 04/20/52 | 1,914 | 39,984 | ||||
Series 2022-093, Class GS, IO, 30 Day Average SOFR x (1) + 3.650% (Cap 3.650%, Floor 0.000%) | |||||||
0.000%(c) | 05/20/52 | 673 | 12,036 | ||||
Series 2022-126, Class CS, IO, 30 Day Average SOFR x (1) + 3.760% (Cap 3.760%, Floor 0.000%) | |||||||
0.000%(c) | 07/20/52 | 4,032 | 62,780 | ||||
Series 2022-133, Class SA, IO, 30 Day Average SOFR x (1) + 3.950% (Cap 3.950%, Floor 0.000%) | |||||||
0.000%(c) | 07/20/52 | 1,479 | 25,917 | ||||
Series 2022-148, Class DS, IO, 30 Day Average SOFR x (1) + 3.600% (Cap 3.600%, Floor 0.000%) | |||||||
0.000%(c) | 08/20/52 | 1,509 | 24,020 | ||||
Series 2022-170, Class SB, IO, 30 Day Average SOFR x (1) + 4.500% (Cap 4.500%, Floor 0.000%) | |||||||
0.000%(c) | 09/20/52 | 11,607 | 325,341 |
A23
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Residential Mortgage-Backed Securities (continued) | |||||||
Home Re Ltd., | |||||||
Series 2019-01, Class M1, 144A, 30 Day Average SOFR + 1.764% (Cap N/A, Floor 0.000%) | |||||||
7.085%(c) | 05/25/29 | 116 | $115,888 | ||||
JPMorgan Mortgage Trust, | |||||||
Series 2007-A01, Class 4A1 | |||||||
5.670%(cc) | 07/25/35 | 8 | 7,886 | ||||
Legacy Mortgage Asset Trust, | |||||||
Series 2021-GS01, Class A1, 144A | |||||||
4.892% | 10/25/66 | 210 | 207,465 | ||||
MFA Trust, | |||||||
Series 2021-RPL01, Class A1, 144A | |||||||
1.131%(cc) | 07/25/60 | 1,505 | 1,324,634 | ||||
New Residential Mortgage Loan Trust, | |||||||
Series 2018-04A, Class A1S, 144A, 1 Month SOFR + 0.864% (Cap N/A, Floor 0.750%) | |||||||
6.194%(c) | 01/25/48 | 120 | 116,216 | ||||
Oaktown Re VII Ltd., | |||||||
Series 2021-02, Class M1A, 144A, 30 Day Average SOFR + 1.600% (Cap N/A, Floor 1.600%) | |||||||
6.920%(c) | 04/25/34 | 1,339 | 1,339,286 | ||||
Shamrock Residential (Ireland), | |||||||
Series 2023-01A, Class A, 144A, 1 Month EURIBOR + 1.000% (Cap N/A, Floor 0.000%) | |||||||
4.848%(c) | 06/24/71 | EUR | 249 | 270,081 | |||
Structured Adjustable Rate Mortgage Loan Trust, | |||||||
Series 2004-01, Class 4A3 | |||||||
7.020%(cc) | 02/25/34 | 42 | 39,718 | ||||
TFS (Spain), | |||||||
Series 2018-03, Class A1 | |||||||
0.000%(s) | 04/16/40^ | EUR | —(r) | 1 | |||
Towd Point Mortgage Trust, | |||||||
Series 2017-05, Class A1, 144A, 1 Month SOFR + 0.714% (Cap N/A, Floor 0.000%) | |||||||
6.044%(c) | 02/25/57 | 223 | 226,493 | ||||
Series 2020-04, Class A1, 144A | |||||||
1.750% | 10/25/60 | 490 | 430,172 | ||||
Total Residential Mortgage-Backed Securities (cost $26,353,617) | 25,237,077 | ||||||
Sovereign Bonds — 0.3% | |||||||
Bermuda Government International Bond (Bermuda), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
2.375% | 08/20/30 | 465 | 389,728 | ||||
Colombia Government International Bond (Colombia), | |||||||
Sr. Unsec’d. Notes | |||||||
4.500% | 01/28/26 | 220 | 214,610 | ||||
Export-Import Bank of India (India), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.875% | 02/01/28 | 745 | 710,311 | ||||
Finnvera OYJ (Finland), | |||||||
Gov’t. Gtd. Notes, 144A, MTN | |||||||
2.375% | 06/04/25 | 400 | 387,134 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Sovereign Bonds(continued) | |||||||
Indonesia Government International Bond (Indonesia), | |||||||
Sr. Unsec’d. Notes | |||||||
1.450% | 09/18/26 | EUR | 1,510 | $1,539,974 | |||
3.375% | 07/30/25 | EUR | 1,200 | 1,285,315 | |||
Mexico Government International Bond (Mexico), | |||||||
Sr. Unsec’d. Notes | |||||||
6.000% | 05/07/36 | 907 | 908,814 | ||||
Panama Government International Bond (Panama), | |||||||
Sr. Unsec’d. Notes | |||||||
4.500% | 04/16/50 | 340 | 228,437 | ||||
Peruvian Government International Bond (Peru), | |||||||
Sr. Unsec’d. Notes | |||||||
2.783% | 01/23/31 | 514 | 441,558 | ||||
Romanian Government International Bond (Romania), | |||||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
5.000% | 09/27/26 | EUR | 800 | 883,569 | |||
Saudi Government International Bond (Saudi Arabia), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
0.750% | 07/09/27 | EUR | 493 | 488,825 | |||
Total Sovereign Bonds (cost $7,861,666) | 7,478,275 | ||||||
U.S. Government Agency Obligations — 10.7% | |||||||
Federal Home Loan Bank | |||||||
5.500% | 07/15/36 | 850 | 932,378 | ||||
Federal Home Loan Mortgage Corp. | |||||||
1.500% | 10/01/36 | 5,007 | 4,335,302 | ||||
1.500% | 11/01/50 | 1,167 | 879,010 | ||||
1.500% | 04/01/51 | 617 | 466,145 | ||||
2.000% | 01/01/32 | 299 | 274,741 | ||||
2.000% | 02/01/36 | 817 | 729,728 | ||||
2.000% | 06/01/40 | 668 | 565,211 | ||||
2.000% | 10/01/40 | 1,119 | 946,780 | ||||
2.000% | 09/01/50 | 2,635 | 2,101,484 | ||||
2.000% | 11/01/50 | 1,105 | 880,543 | ||||
2.000% | 02/01/51 | 2,074 | 1,651,729 | ||||
2.000% | 03/01/51 | 1,063 | 842,855 | ||||
2.000% | 04/01/51 | 66 | 52,805 | ||||
2.000% | 07/01/51 | 2,519 | 2,001,369 | ||||
2.000% | 09/01/51 | 446 | 359,211 | ||||
2.500% | 03/01/30 | 142 | 133,865 | ||||
2.500% | 01/01/51 | 1,464 | 1,211,796 | ||||
2.500% | 03/01/51 | 583 | 491,125 | ||||
2.500% | 04/01/51 | 5,171 | 4,299,314 | ||||
2.500% | 05/01/51 | 2,364 | 1,955,644 | ||||
2.500% | 08/01/51 | 448 | 371,736 | ||||
2.500% | 08/01/51 | 2,498 | 2,072,148 | ||||
2.500% | 09/01/51 | 4,148 | 3,451,365 | ||||
3.000% | 10/01/28 | 90 | 86,428 | ||||
3.000% | 06/01/29 | 201 | 193,403 | ||||
3.000% | 01/01/37 | 73 | 67,111 | ||||
3.000% | 06/01/42 | 123 | 110,363 | ||||
3.000% | 10/01/42 | 300 | 268,633 | ||||
3.000% | 01/01/43 | 285 | 254,428 | ||||
3.000% | 07/01/43 | 767 | 685,808 | ||||
3.000% | 09/01/46 | 1,625 | 1,432,166 | ||||
3.000% | 12/01/46 | 4,715 | 4,151,560 |
A24
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
3.000% | 11/01/49 | 1,033 | $899,697 | ||||
3.000% | 02/01/50 | 1,277 | 1,111,968 | ||||
3.000% | 05/01/50 | 266 | 230,728 | ||||
3.000% | 06/01/51 | 1,570 | 1,357,212 | ||||
3.000% | 02/01/52 | 2,306 | 2,007,384 | ||||
3.000% | 02/01/52 | 3,548 | 3,056,029 | ||||
3.500% | 06/01/42 | 129 | 118,790 | ||||
3.500% | 01/01/47 | 213 | 195,075 | ||||
3.500% | 02/01/47 | 354 | 322,958 | ||||
3.500% | 03/01/48 | 2,518 | 2,300,712 | ||||
3.500% | 06/01/52 | 2,145 | 1,920,732 | ||||
4.000% | 06/01/26 | 61 | 59,745 | ||||
4.000% | 09/01/26 | 20 | 20,065 | ||||
4.000% | 11/01/37 | 2,024 | 1,961,164 | ||||
4.000% | 03/01/38 | 139 | 132,956 | ||||
4.000% | 10/01/39 | 215 | 203,707 | ||||
4.000% | 09/01/40 | 282 | 267,075 | ||||
4.000% | 12/01/40 | 137 | 130,381 | ||||
4.000% | 10/01/41 | 114 | 108,528 | ||||
4.000% | 01/01/42 | 41 | 38,424 | ||||
4.000% | 04/01/52 | 843 | 790,948 | ||||
4.500% | 02/01/39 | 31 | 29,915 | ||||
4.500% | 09/01/39 | 46 | 45,008 | ||||
4.500% | 10/01/39 | 412 | 404,588 | ||||
4.500% | 12/01/39 | 43 | 42,275 | ||||
4.500% | 07/01/41 | 48 | 46,707 | ||||
4.500% | 07/01/41 | 1,016 | 997,837 | ||||
4.500% | 08/01/41 | 66 | 65,082 | ||||
4.500% | 08/01/41 | 81 | 79,479 | ||||
4.500% | 08/01/41 | 97 | 93,767 | ||||
4.500% | 10/01/41 | 93 | 90,834 | ||||
4.500% | 12/01/47 | 81 | 78,542 | ||||
4.500% | 08/01/48 | 166 | 160,982 | ||||
5.000% | 05/01/34 | 10 | 10,355 | ||||
5.000% | 05/01/34 | 109 | 109,789 | ||||
5.000% | 10/01/35 | 3 | 2,693 | ||||
5.000% | 07/01/37 | 153 | 154,125 | ||||
5.000% | 02/01/38 | 1,755 | 1,754,043 | ||||
5.000% | 09/01/38 | 360 | 359,604 | ||||
5.000% | 10/01/38 | 114 | 114,189 | ||||
5.000% | 01/01/39 | 771 | 769,730 | ||||
5.000% | 05/01/39 | 23 | 22,757 | ||||
5.000% | 10/01/52 | 937 | 915,211 | ||||
5.500% | 12/01/33 | 24 | 23,916 | ||||
5.500% | 01/01/34 | 24 | 24,613 | ||||
5.500% | 06/01/34 | 34 | 34,844 | ||||
5.500% | 07/01/34 | 76 | 78,009 | ||||
5.500% | 05/01/37 | 21 | 21,120 | ||||
5.500% | 02/01/38 | 159 | 162,976 | ||||
5.500% | 05/01/38 | 17 | 17,694 | ||||
5.500% | 07/01/38 | 44 | 45,026 | ||||
6.000% | 03/01/32 | 102 | 104,432 | ||||
6.000% | 12/01/33 | 20 | 19,914 | ||||
6.000% | 11/01/36 | 20 | 20,700 | ||||
6.000% | 01/01/37 | 9 | 9,254 | ||||
6.000% | 05/01/37 | 8 | 8,439 | ||||
6.000% | 02/01/38 | 2 | 1,607 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
6.000% | 08/01/39 | 23 | $24,174 | ||||
6.750% | 03/15/31 | 500 | 572,584 | ||||
7.000% | 05/01/31 | 2 | 2,497 | ||||
7.000% | 06/01/31 | 9 | 9,800 | ||||
7.000% | 08/01/31 | 78 | 80,895 | ||||
7.000% | 10/01/31 | 5 | 4,905 | ||||
Federal National Mortgage Assoc. | |||||||
1.500% | 01/01/36 | 439 | 382,456 | ||||
1.500% | 11/01/36 | 1,538 | 1,332,080 | ||||
1.500% | 02/01/42 | 443 | 360,576 | ||||
1.500% | 11/01/50 | 3,074 | 2,321,530 | ||||
1.500% | 12/01/50 | 3,236 | 2,438,536 | ||||
1.500% | 01/01/51 | 965 | 729,576 | ||||
1.500% | 07/01/51 | 771 | 581,436 | ||||
2.000% | 03/01/31 | 789 | 731,563 | ||||
2.000% | 08/01/31 | 291 | 268,024 | ||||
2.000% | 01/01/32 | 1,628 | 1,499,843 | ||||
2.000% | 05/01/36 | 442 | 392,579 | ||||
2.000% | 12/01/36 | 1,473 | 1,306,971 | ||||
2.000% | 02/01/37 | 1,895 | 1,681,121 | ||||
2.000% | 02/01/41 | 1,413 | 1,193,139 | ||||
2.000% | 05/01/41(k) | 3,151 | 2,659,387 | ||||
2.000% | 08/01/50 | 1,075 | 857,761 | ||||
2.000% | 10/01/50 | 6,276 | 4,999,452 | ||||
2.000% | 11/01/50 | 1,462 | 1,165,888 | ||||
2.000% | 01/01/51 | 1,223 | 973,206 | ||||
2.000% | 02/01/51 | 58 | 46,564 | ||||
2.000% | 03/01/51 | 6,535 | 5,191,579 | ||||
2.000% | 04/01/51 | 2,193 | 1,744,296 | ||||
2.000% | 04/01/51 | 2,506 | 1,990,724 | ||||
2.000% | 05/01/51 | 22,516 | 17,917,592 | ||||
2.000% | 07/01/51 | 479 | 380,692 | ||||
2.500% | TBA(tt) | 4,000 | 3,305,841 | ||||
2.500% | 07/01/32 | 692 | 643,416 | ||||
2.500% | 08/01/32 | 756 | 702,562 | ||||
2.500% | 09/01/32 | 739 | 686,782 | ||||
2.500% | 01/01/35 | 4,616 | 4,243,726 | ||||
2.500% | 07/01/35 | 2,688 | 2,499,000 | ||||
2.500% | 10/01/37 | 534 | 489,447 | ||||
2.500% | 10/01/43 | 302 | 259,046 | ||||
2.500% | 12/01/46 | 649 | 554,519 | ||||
2.500% | 03/01/50 | 623 | 520,087 | ||||
2.500% | 08/01/50 | 2,264 | 1,885,392 | ||||
2.500% | 02/01/51 | 1,245 | 1,031,944 | ||||
2.500% | 02/01/51 | 1,515 | 1,255,420 | ||||
2.500% | 03/01/51 | 1,477 | 1,229,563 | ||||
2.500% | 04/01/51 | 2,593 | 2,156,171 | ||||
2.500% | 08/01/51 | 881 | 731,119 | ||||
2.500% | 08/01/51 | 1,342 | 1,113,922 | ||||
2.500% | 09/01/51 | 930 | 771,633 | ||||
2.500% | 12/01/51 | 3,643 | 3,047,545 | ||||
2.500% | 02/01/52 | 441 | 369,739 | ||||
2.500% | 05/01/52 | 1,305 | 1,094,205 | ||||
3.000% | 02/01/27 | 263 | 254,996 | ||||
3.000% | 08/01/30 | 334 | 318,118 | ||||
3.000% | 05/01/35 | 2,720 | 2,538,313 | ||||
3.000% | 07/01/36 | 1,669 | 1,557,418 |
A25
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
3.000% | 11/01/36 | 536 | $492,585 | ||||
3.000% | 12/01/42 | 479 | 428,789 | ||||
3.000% | 03/01/43 | 105 | 93,546 | ||||
3.000% | 11/01/46 | 375 | 330,264 | ||||
3.000% | 01/01/47 | 560 | 490,606 | ||||
3.000% | 02/01/47 | 597 | 524,916 | ||||
3.000% | 03/01/47 | 310 | 270,930 | ||||
3.000% | 06/01/49 | 13 | 11,209 | ||||
3.000% | 12/01/49 | 1,172 | 1,021,422 | ||||
3.000% | 01/01/50 | 448 | 390,489 | ||||
3.000% | 02/01/50 | 455 | 395,581 | ||||
3.000% | 02/01/50 | 2,410 | 2,098,597 | ||||
3.000% | 03/01/50 | 245 | 212,958 | ||||
3.000% | 04/01/51 | 117 | 101,632 | ||||
3.000% | 05/01/51 | 2,080 | 1,795,272 | ||||
3.000% | 11/01/51 | 103 | 89,270 | ||||
3.000% | 12/01/51 | 4,240 | 3,690,950 | ||||
3.000% | 03/01/52 | 878 | 761,129 | ||||
3.000% | 04/01/52 | 450 | 388,037 | ||||
3.000% | 04/01/52 | 896 | 782,345 | ||||
3.000% | 04/01/52 | 1,414 | 1,218,219 | ||||
3.500% | 07/01/31 | 238 | 230,296 | ||||
3.500% | 02/01/33 | 659 | 633,187 | ||||
3.500% | 06/01/39 | 226 | 210,741 | ||||
3.500% | 01/01/42 | 1,270 | 1,170,278 | ||||
3.500% | 05/01/42 | 669 | 616,117 | ||||
3.500% | 07/01/42 | 376 | 345,552 | ||||
3.500% | 08/01/42 | 143 | 131,445 | ||||
3.500% | 08/01/42 | 347 | 318,849 | ||||
3.500% | 09/01/42 | 202 | 184,939 | ||||
3.500% | 09/01/42 | 738 | 677,987 | ||||
3.500% | 11/01/42 | 100 | 92,314 | ||||
3.500% | 03/01/43 | 1,099 | 1,010,343 | ||||
3.500% | 04/01/43 | 223 | 205,631 | ||||
3.500% | 04/01/43 | 296 | 272,124 | ||||
3.500% | 01/01/46 | 564 | 519,679 | ||||
3.500% | 07/01/46 | 379 | 345,960 | ||||
3.500% | 11/01/46 | 448 | 408,153 | ||||
3.500% | 09/01/47 | 242 | 220,701 | ||||
3.500% | 01/01/48 | 2,054 | 1,872,790 | ||||
3.500% | 05/01/48 | 414 | 376,526 | ||||
3.500% | 06/01/48 | 420 | 383,084 | ||||
3.500% | 07/01/48 | 245 | 222,937 | ||||
3.500% | 03/01/49 | 4,842 | 4,414,679 | ||||
3.500% | 05/01/49 | 350 | 317,485 | ||||
3.500% | 06/01/49 | 203 | 185,515 | ||||
3.500% | 02/01/52 | 2,606 | 2,342,407 | ||||
3.500% | 03/01/52 | 880 | 798,395 | ||||
3.500% | 06/01/52 | 715 | 640,569 | ||||
4.000% | TBA(tt) | 5,500 | 5,093,009 | ||||
4.000% | 10/01/41 | 837 | 792,787 | ||||
4.000% | 09/01/44 | 607 | 575,392 | ||||
4.000% | 10/01/46 | 208 | 195,864 | ||||
4.000% | 02/01/47 | 108 | 101,816 | ||||
4.000% | 09/01/47 | 380 | 358,559 | ||||
4.000% | 11/01/47 | 266 | 252,505 | ||||
4.000% | 11/01/47 | 538 | 509,439 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
4.000% | 03/01/49 | 2,402 | $2,258,923 | ||||
4.000% | 04/01/52 | 439 | 406,877 | ||||
4.000% | 06/01/52 | 896 | 831,538 | ||||
4.000% | 10/01/52 | 917 | 850,299 | ||||
4.500% | TBA | 3,000 | 2,857,956 | ||||
4.500% | 07/01/33 | 17 | 17,076 | ||||
4.500% | 08/01/33 | 19 | 18,224 | ||||
4.500% | 09/01/33 | 41 | 39,482 | ||||
4.500% | 10/01/33 | 2 | 2,288 | ||||
4.500% | 10/01/33 | 17 | 16,359 | ||||
4.500% | 10/01/33 | 44 | 43,278 | ||||
4.500% | 01/01/35 | 1 | 560 | ||||
4.500% | 07/01/39 | 340 | 333,405 | ||||
4.500% | 08/01/39 | 458 | 449,281 | ||||
4.500% | 03/01/41 | 153 | 150,353 | ||||
4.500% | 11/01/47 | 890 | 861,435 | ||||
4.500% | 01/01/49 | 130 | 125,812 | ||||
5.000% | TBA(tt) | 4,500 | 4,493,089 | ||||
5.000% | 03/01/34 | 90 | 90,121 | ||||
5.000% | 06/01/35 | 32 | 32,394 | ||||
5.000% | 07/01/35 | 46 | 46,042 | ||||
5.000% | 09/01/35 | 40 | 40,367 | ||||
5.000% | 11/01/35 | 46 | 45,780 | ||||
5.000% | 02/01/36 | 40 | 40,462 | ||||
5.000% | 05/01/36 | 21 | 20,641 | ||||
5.000% | 04/01/38 | 584 | 583,422 | ||||
5.000% | 06/01/49 | 433 | 428,436 | ||||
5.000% | 06/01/52 | 465 | 454,025 | ||||
5.000% | 09/01/52 | 452 | 441,486 | ||||
5.000% | 10/01/52 | 1,017 | 992,721 | ||||
5.000% | 02/01/53 | 3,478 | 3,395,462 | ||||
5.500% | TBA(tt) | 4,000 | 3,980,145 | ||||
5.500% | 09/01/33 | 84 | 85,237 | ||||
5.500% | 10/01/33 | 39 | 39,471 | ||||
5.500% | 12/01/33 | 21 | 21,340 | ||||
5.500% | 01/01/34 | —(r) | 477 | ||||
5.500% | 12/01/34 | 77 | 78,339 | ||||
5.500% | 10/01/35 | 168 | 169,459 | ||||
5.500% | 03/01/36 | 41 | 42,135 | ||||
5.500% | 05/01/36 | 82 | 83,078 | ||||
5.500% | 04/01/37 | 37 | 37,473 | ||||
6.000% | 04/01/33 | 2 | 2,299 | ||||
6.000% | 06/01/33 | 2 | 2,543 | ||||
6.000% | 10/01/33 | 120 | 122,869 | ||||
6.000% | 11/01/33 | 2 | 1,685 | ||||
6.000% | 11/01/33 | 7 | 7,313 | ||||
6.000% | 11/01/33 | 36 | 37,128 | ||||
6.000% | 01/01/34 | 165 | 170,544 | ||||
6.000% | 02/01/34 | 26 | 27,112 | ||||
6.000% | 03/01/34 | 14 | 14,544 | ||||
6.000% | 07/01/34 | 86 | 88,086 | ||||
6.000% | 08/01/34 | —(r) | 477 | ||||
6.000% | 10/01/34 | 2 | 1,796 | ||||
6.000% | 11/01/34 | 2 | 2,064 | ||||
6.000% | 11/01/34 | 6 | 6,528 | ||||
6.000% | 01/01/35 | 42 | 43,530 | ||||
6.000% | 01/01/35 | 56 | 56,633 |
A26
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
6.000% | 02/01/35 | 31 | $31,929 | ||||
6.000% | 02/01/35 | 95 | 98,269 | ||||
6.000% | 03/01/35 | 1 | 696 | ||||
6.000% | 04/01/35 | —(r) | 361 | ||||
6.000% | 07/01/36 | 14 | 14,540 | ||||
6.000% | 02/01/37 | 32 | 32,656 | ||||
6.000% | 05/01/37 | 11 | 11,626 | ||||
6.000% | 06/01/37 | —(r) | 244 | ||||
6.000% | 08/01/37 | 5 | 5,607 | ||||
6.000% | 09/01/37 | —(r) | 190 | ||||
6.000% | 10/01/37 | 18 | 18,953 | ||||
6.000% | 05/01/38 | 26 | 27,289 | ||||
6.000% | 06/01/38 | —(r) | 421 | ||||
6.000% | 01/01/53 | 3,885 | 3,923,843 | ||||
6.500% | 07/01/32 | 22 | 22,941 | ||||
6.500% | 09/01/32 | 1 | 1,147 | ||||
6.500% | 09/01/32 | 22 | 22,822 | ||||
6.500% | 09/01/32 | 31 | 31,944 | ||||
6.500% | 09/01/32 | 35 | 35,778 | ||||
6.500% | 04/01/33 | 36 | 36,444 | ||||
6.500% | 11/01/33 | 17 | 17,212 | ||||
6.500% | 01/01/34 | 7 | 7,622 | ||||
6.500% | 09/01/34 | 30 | 31,118 | ||||
6.500% | 09/01/36 | 34 | 36,073 | ||||
6.500% | 10/01/36 | 10 | 10,669 | ||||
6.500% | 01/01/37 | 33 | 34,261 | ||||
6.500% | 01/01/37 | 45 | 46,626 | ||||
6.625% | 11/15/30 | 995 | 1,124,724 | ||||
7.000% | 02/01/32 | 6 | 5,987 | ||||
7.000% | 05/01/32 | 7 | 7,440 | ||||
7.000% | 06/01/32 | 8 | 8,528 | ||||
7.000% | 07/01/32 | 13 | 12,986 | ||||
7.125% | 01/15/30(k) | 3,195 | 3,654,774 | ||||
Government National Mortgage Assoc. | |||||||
2.000% | TBA(tt) | 4,000 | 3,276,451 | ||||
2.000% | 01/20/51 | 2,500 | 2,049,685 | ||||
2.000% | 03/20/51 | 703 | 576,048 | ||||
2.000% | 07/20/51 | 429 | 351,366 | ||||
2.000% | 10/20/51 | 623 | 510,134 | ||||
2.000% | 11/20/51 | 496 | 406,305 | ||||
2.500% | 03/20/43 | 118 | 102,143 | ||||
2.500% | 12/20/46 | 212 | 182,665 | ||||
2.500% | 08/20/50 | 63 | 53,902 | ||||
2.500% | 09/20/50 | 469 | 400,315 | ||||
2.500% | 10/20/50 | 2,152 | 1,837,196 | ||||
2.500% | 11/20/50 | 1,638 | 1,397,917 | ||||
2.500% | 02/20/51 | 1,983 | 1,691,910 | ||||
2.500% | 03/20/51 | 1,101 | 939,095 | ||||
2.500% | 05/20/51 | 2,061 | 1,757,438 | ||||
2.500% | 07/20/51 | 960 | 818,135 | ||||
2.500% | 08/20/51 | 3,758 | 3,203,358 | ||||
3.000% | 12/20/44 | 79 | 70,655 | ||||
3.000% | 03/15/45 | 228 | 202,763 | ||||
3.000% | 11/20/45 | 242 | 217,304 | ||||
3.000% | 03/20/46 | 492 | 440,491 | ||||
3.000% | 07/20/46 | 1,249 | 1,117,347 | ||||
3.000% | 08/20/46 | 333 | 297,659 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
3.000% | 10/20/46 | 290 | $259,447 | ||||
3.000% | 04/20/47 | 411 | 367,492 | ||||
3.000% | 12/20/49 | 139 | 123,205 | ||||
3.000% | 01/20/50 | 819 | 728,486 | ||||
3.000% | 06/20/51 | 603 | 531,437 | ||||
3.000% | 10/20/51 | 1,264 | 1,114,756 | ||||
3.000% | 11/20/51 | 443 | 390,347 | ||||
3.000% | 12/20/51 | 2,497 | 2,203,234 | ||||
3.500% | 12/20/42 | 476 | 442,542 | ||||
3.500% | 05/20/43 | 146 | 135,669 | ||||
3.500% | 04/20/45 | 418 | 387,353 | ||||
3.500% | 07/20/46 | 1,509 | 1,394,329 | ||||
3.500% | 07/20/48 | 1,148 | 1,056,539 | ||||
3.500% | 11/20/48 | 383 | 352,276 | ||||
3.500% | 06/20/49 | 1,422 | 1,307,554 | ||||
3.500% | 02/20/52 | 7,010 | 6,377,298 | ||||
4.000% | 06/15/40 | 27 | 26,012 | ||||
4.000% | 05/20/41 | 24 | 22,817 | ||||
4.000% | 12/20/42 | 278 | 267,102 | ||||
4.000% | 08/20/44 | 97 | 93,596 | ||||
4.000% | 11/20/45 | 187 | 178,088 | ||||
4.000% | 12/20/45 | 512 | 488,042 | ||||
4.000% | 09/20/47 | 1,378 | 1,306,368 | ||||
4.000% | 02/20/49 | 490 | 464,491 | ||||
4.000% | 01/20/50 | 194 | 183,399 | ||||
4.000% | 06/20/52 | 970 | 907,069 | ||||
4.500% | 04/15/40 | 156 | 153,507 | ||||
4.500% | 01/20/41 | 183 | 180,582 | ||||
4.500% | 02/20/41 | 288 | 283,518 | ||||
4.500% | 03/20/41 | 143 | 140,967 | ||||
4.500% | 06/20/44 | 215 | 211,119 | ||||
4.500% | 09/20/46 | 170 | 164,629 | ||||
4.500% | 11/20/46 | 220 | 216,356 | ||||
4.500% | 03/20/47 | 120 | 117,142 | ||||
4.500% | 05/20/48 | 193 | 187,465 | ||||
4.500% | 08/20/48 | 344 | 334,390 | ||||
5.000% | 10/20/37 | 48 | 48,030 | ||||
5.000% | 04/20/45 | 243 | 244,473 | ||||
5.500% | 08/15/33 | 103 | 104,159 | ||||
5.500% | 08/15/33 | 134 | 138,040 | ||||
5.500% | 09/15/33 | 31 | 31,645 | ||||
5.500% | 12/15/33 | 6 | 6,545 | ||||
5.500% | 03/15/34 | 89 | 91,000 | ||||
5.500% | 12/15/34 | 139 | 142,381 | ||||
5.500% | 07/15/35 | 25 | 26,003 | ||||
5.500% | 04/15/36 | 19 | 19,919 | ||||
6.000% | 04/15/33 | 4 | 3,857 | ||||
6.000% | 12/15/33 | 58 | 58,876 | ||||
6.000% | 01/15/34 | 14 | 14,118 | ||||
6.000% | 01/15/34 | 16 | 16,771 | ||||
6.000% | 01/15/34 | 29 | 29,969 | ||||
6.000% | 06/20/34 | 48 | 49,494 | ||||
6.000% | 07/15/34 | 35 | 35,842 | ||||
6.500% | TBA | 6,000 | 6,094,178 | ||||
6.500% | 04/15/24 | —(r) | 82 | ||||
6.500% | 05/15/24 | —(r) | 2 | ||||
6.500% | 05/15/24 | —(r) | 10 |
A27
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
6.500% | 10/15/24 | —(r) | $27 | ||||
6.500% | 11/15/28 | 2 | 1,779 | ||||
6.500% | 08/15/31 | 1 | 967 | ||||
6.500% | 12/15/31 | 5 | 4,873 | ||||
6.500% | 02/15/32 | 15 | 15,426 | ||||
6.500% | 06/15/32 | 9 | 9,068 | ||||
6.500% | 07/15/32 | 16 | 16,162 | ||||
6.500% | 08/15/32 | 3 | 2,880 | ||||
6.500% | 08/15/32 | 3 | 2,910 | ||||
6.500% | 08/15/32 | 6 | 5,926 | ||||
6.500% | 08/15/32 | 15 | 15,222 | ||||
6.500% | 08/15/32 | 87 | 89,662 | ||||
6.500% | 08/15/34 | 17 | 17,878 | ||||
6.500% | 06/15/35 | 14 | 14,577 | ||||
6.500% | 09/15/36 | 15 | 15,438 | ||||
Tennessee Valley Authority, Sr. Unsec’d. Notes | |||||||
1.500% | 09/15/31 | 200 | 162,286 | ||||
7.125% | 05/01/30 | 435 | 498,556 | ||||
Total U.S. Government Agency Obligations (cost $299,483,226) | 279,962,223 | ||||||
U.S. Treasury Obligations — 1.3% | |||||||
U.S. Treasury Bonds | |||||||
2.250% | 05/15/41 | 9,870 | 7,294,547 | ||||
2.375% | 02/15/42 | 5,965 | 4,438,333 | ||||
3.000% | 02/15/49 | 7,180 | 5,598,156 | ||||
3.375% | 11/15/48(h) | 12,770 | 10,672,927 | ||||
4.750% | 11/15/53 | 1,105 | 1,180,278 | ||||
U.S. Treasury Notes | |||||||
4.000% | 02/15/34 | 145 | 142,644 | ||||
4.250% | 02/28/31 | 75 | 75,152 | ||||
U.S. Treasury Strips Coupon | |||||||
1.760%(s) | 08/15/40 | 830 | 391,818 | ||||
2.394%(s) | 11/15/43 | 1,910 | 767,880 | ||||
3.008%(s) | 11/15/41 | 7,875 | 3,480,688 | ||||
4.608%(s) | 11/15/48 | 160 | 51,918 | ||||
4.924%(s) | 02/15/49 | 465 | 149,963 | ||||
5.331%(s) | 02/15/40 | 755 | 367,502 | ||||
5.356%(s) | 05/15/40 | 315 | 151,102 | ||||
Total U.S. Treasury Obligations (cost $38,846,262) | 34,762,908 | ||||||
Total Long-Term Investments (cost $1,340,549,700) | 2,343,451,851 |
Shares | |||||
Short-Term Investments — 12.8% | |||||
Affiliated Mutual Funds — 12.8% | |||||
PGIM Core Ultra Short Bond Fund(wb) | 279,851,110 | 279,851,110 | |||
PGIM Institutional Money Market Fund (7-day effective yield 5.664%) (cost $55,375,931; includes $55,138,507 of cash collateral for securities on loan)(b)(wb) | 55,478,732 | 55,450,993 | |||
Total Affiliated Mutual Funds (cost $335,227,041) | 335,302,103 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Treasury Obligation(k)(n) — 0.0% | |||||||
U.S. Treasury Bills | |||||||
5.270% | 06/20/24 | 820 | $810,494 | ||||
(cost $810,537) | |||||||
Total Short-Term Investments (cost $336,037,578) | 336,112,597 | ||||||
TOTAL INVESTMENTS, BEFORE OPTION WRITTEN—102.3% (cost $1,676,587,278) | 2,679,564,448 |
Option Written*~ — (0.0)% | |||||
(premiums received $0) | (6) | ||||
TOTAL INVESTMENTS, NET OF OPTION WRITTEN—102.3% (cost $1,676,587,278) | 2,679,564,442 | ||||
Liabilities in excess of other assets(z) — (2.3)% | (61,418,979) | ||||
Net Assets — 100.0% | $2,618,145,463 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: | |
EUR | Euro |
GBP | British Pound |
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 |
ADR | American Depositary Receipt |
BABs | Build America Bonds |
BARC | Barclays Bank PLC |
BNP | BNP Paribas S.A. |
BNYM | Bank of New York Mellon |
BOA | Bank of America, N.A. |
CDI | Chess Depository Interest |
CDX | Credit Derivative Index |
CLO | Collateralized Loan Obligation |
CVA | Certificate Van Aandelen (Bearer) |
DAC | Designated Activity Company |
EAFE | Europe, Australasia, Far East |
ETF | Exchange-Traded Fund |
EURIBOR | Euro Interbank Offered Rate |
FHLMC | Federal Home Loan Mortgage Corporation |
GMTN | Global Medium Term Note |
GSI | Goldman Sachs International |
IO | Interest Only (Principal amount represents notional) |
JPM | JPMorgan Chase Bank N.A. |
LP | Limited Partnership |
M | Monthly payment frequency for swaps |
MSCI | Morgan Stanley Capital International |
MTN | Medium Term Note |
OTC | Over-the-counter |
PJSC | Public Joint-Stock Company |
PO | Principal Only |
A28
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
PRFC | Preference Shares |
Q | Quarterly payment frequency for swaps |
REITs | Real Estate Investment Trust |
REMIC | Real Estate Mortgage Investment Conduit |
S&P | Standard & Poor’s |
SOFR | Secured Overnight Financing Rate |
SONIA | Sterling Overnight Index Average |
SSB | State Street Bank & Trust Company |
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 |
UTS | Unit Trust Security |
* | 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 $787,543 and 0.0% of net assets. |
(a) | All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $54,198,993; cash collateral of $55,138,507 (included in liabilities) was received with which the Portfolio purchased highly liquid short-term investments. In the event of significant appreciation in value of securities on loan on the last business day of the reporting period, the Portfolio may reflect a collateral value that is less than the market value of the loaned securities and such shortfall is remedied the following business day. |
(b) | Represents security, or portion thereof, purchased with cash collateral received for securities on loan and includes dividend reinvestment. |
(c) | Variable rate instrument. The interest rate shown reflects the rate in effect at March 31, 2024. |
(cc) | Variable rate instrument. The rate shown is based on the latest available information as of March 31, 2024. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description. |
(ff) | Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end. |
(h) | Represents security, or a portion thereof, segregated as collateral for OTC derivatives. |
(k) | Represents security, or a portion thereof, segregated as collateral for centrally cleared/exchange-traded derivatives. |
(n) | Rate shown reflects yield to maturity at purchased date. |
(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 $22,000,000 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: |
Forward Commitment Contracts: | |||||||||||
U.S. Government Agency Obligations | Interest Rate | Maturity Date | Settlement Date | Principal Amount (000)# | Value | ||||||
Federal National Mortgage Assoc. | 2.000% | TBA | 04/11/24 | $(3,000) | $(2,372,964) | ||||||
Federal National Mortgage Assoc. | 3.000% | TBA | 04/11/24 | (3,500) | (3,010,739) | ||||||
Federal National Mortgage Assoc. | 3.500% | TBA | 04/11/24 | (4,000) | (3,579,510) | ||||||
Federal National Mortgage Assoc. | 5.000% | TBA | 05/13/24 | (500) | (487,988) | ||||||
Federal National Mortgage Assoc. | 6.000% | TBA | 05/13/24 | (2,000) | (2,017,817) | ||||||
Government National Mortgage Assoc. | 3.000% | TBA | 04/18/24 | (4,500) | (3,967,981) | ||||||
TOTAL FORWARD COMMITMENT CONTRACTS (proceeds receivable $15,438,809) | $(15,436,999) |
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) | 9,100 | $(6) | ||||||||
(premiums received $0) |
A29
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Futures contracts outstanding at March 31, 2024: | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Long Positions: | ||||||||
238 | 2 Year U.S. Treasury Notes | Jun. 2024 | $48,667,281 | $(66,173) | ||||
474 | 5 Year U.S. Treasury Notes | Jun. 2024 | 50,725,409 | 51,278 | ||||
140 | 10 Year U.S. Treasury Notes | Jun. 2024 | 15,511,563 | (3,783) | ||||
142 | 10 Year U.S. Ultra Treasury Notes | Jun. 2024 | 16,274,532 | 141,875 | ||||
43 | 20 Year U.S. Treasury Bonds | Jun. 2024 | 5,178,813 | 54,341 | ||||
70 | 30 Year U.S. Ultra Treasury Bonds | Jun. 2024 | 9,030,000 | 174,824 | ||||
3 | Mini MSCI EAFE Index | Jun. 2024 | 353,565 | 4,614 | ||||
54 | S&P 500 E-Mini Index | Jun. 2024 | 14,332,950 | 302,016 | ||||
658,992 | ||||||||
Short Position: | ||||||||
17 | 5 Year Euro-Bobl | Jun. 2024 | 2,168,758 | (13,861) | ||||
$645,131 |
Forward foreign currency exchange
contracts outstanding at March 31, 2024:
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 04/03/24 | BNP | GBP | 3,400 | $4,297,597 | $4,291,450 | $— | $(6,147) | ||||||
Euro, | |||||||||||||
Expiring 04/02/24 | SSB | EUR | 27,843 | 30,123,836 | 30,044,761 | — | (79,075) | ||||||
$34,421,433 | $34,336,211 | — | (85,222) |
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 05/02/24 | BNP | GBP | 3,400 | $4,298,279 | $4,292,113 | $6,166 | $— | ||||||
Euro, | |||||||||||||
Expiring 04/02/24 | BNYM | EUR | 27,843 | 30,201,381 | 30,044,761 | 156,620 | — | ||||||
Expiring 05/02/24 | SSB | EUR | 27,843 | 30,160,144 | 30,079,904 | 80,240 | — | ||||||
$64,659,804 | $64,416,778 | 243,026 | — | ||||||||||
$243,026 | $(85,222) |
Credit default swap agreements
outstanding at March 31, 2024:
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at March 31, 2024(4) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
OTC Credit Default Swap Agreement on asset-backed and/or mortgage-backed securities - Sell Protection(2)^: | |||||||||||||||||
GS_21-PJA | 04/14/24 | 0.500%(M) | 5,829 | * | $3,879 | $(38) | $3,917 | GSI |
A30
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Credit default swap agreements
outstanding at March 31, 2024 (continued):
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1): | ||||||||||||||||
Credit Suisse Group AG | 06/20/26 | 1.000%(Q) | 2,000 | $(28,744) | $74,015 | $(102,759) | BARC | |||||||||
Credit Suisse Group AG | 06/20/26 | 1.000%(Q) | 2,000 | (28,744) | 72,196 | (100,940) | BARC | |||||||||
Credit Suisse Group AG | 06/20/26 | 1.000%(Q) | 2,000 | (28,743) | 81,214 | (109,957) | BARC | |||||||||
$(86,231) | $227,425 | $(313,656) |
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at March 31, 2024(4) | Value at Trade Date | Value at March 31, 2024 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2): | |||||||||||||||
CDX.NA.HY.41.V2 | 12/20/28 | 5.000%(Q) | 1,678 | 3.116% | $88,468 | $126,336 | $37,868 | ||||||||
CDX.NA.HY.42.V1 | 06/20/29 | 5.000%(Q) | 6,870 | 3.289% | 479,260 | 506,653 | 27,393 | ||||||||
$567,728 | $632,989 | $65,261 |
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. |
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PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest rate swap agreements
outstanding at March 31, 2024:
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at March 31, 2024 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements: | ||||||||||||||
24,975 | 08/31/24 | 5.384%(T) | 1 Day SOFR(2)(T)/ 5.340% | $— | $(7,626) | $(7,626) | ||||||||
3,816 | 03/08/25 | 4.946%(A) | 1 Day SOFR(2)(A)/ 5.340% | — | (5,802) | (5,802) | ||||||||
4,664 | 03/09/25 | 5.110%(A) | 1 Day SOFR(2)(A)/ 5.340% | — | 537 | 537 | ||||||||
10,650 | 03/10/25 | 5.088%(A) | 1 Day SOFR(2)(A)/ 5.340% | — | (949) | (949) | ||||||||
12,880 | 08/31/25 | 4.805%(A) | 1 Day SOFR(1)(A)/ 5.340% | — | 51,859 | 51,859 | ||||||||
1,410 | 09/25/26 | 4.699%(A) | 1 Day SOFR(1)(A)/ 5.340% | 261 | (5,375) | (5,636) | ||||||||
$261 | $32,644 | $32,383 |
(1) | The Portfolio pays the fixed rate and receives the floating rate. |
(2) | The Portfolio pays the floating rate and receives the fixed rate. |
Total return swap agreements outstanding at March 31, 2024: | ||||||||||||||
Reference Entity | Financing Rate | Counterparty | Termination Date | Long (Short) Notional Amount (000)#(1) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation)(2) | |||||||
OTC Total Return Swap Agreements: | ||||||||||||||
Total Return Benchmark Bond Index(T) | 1 Day USOIS -54bps(T)/ 4.790% | JPM | 09/20/24 | (5,253) | $(64,718) | $— | $(64,718) | |||||||
U.S. Treasury Bond(T) | 1 Day USOIS +20bps(T)/ 5.530% | JPM | 07/18/24 | 6,655 | (69,577) | — | (69,577) | |||||||
U.S. Treasury Bond(T) | 1 Day USOIS +20bps(T)/ 5.530% | JPM | 07/23/24 | 11,085 | (214,526) | — | (214,526) | |||||||
U.S. Treasury Bond(T) | 1 Day USOIS +20bps(T)/ 5.530% | GSI | 07/24/24 | 12,240 | (113,914) | — | (113,914) | |||||||
U.S. Treasury Bond(T) | 1 Day USOIS +20bps(T)/ 5.530% | JPM | 07/29/24 | 10,220 | (68,239) | — | (68,239) | |||||||
U.S. Treasury Bond(T) | 1 Day USOIS +20bps(T)/ 5.530% | GSI | 07/29/24 | 15,800 | (193,579) | — | (193,579) | |||||||
U.S. Treasury Bond(T) | 1 Day USOIS +22bps(T)/ 5.550% | BOA | 08/12/24 | 19,230 | 47,645 | — | 47,645 | |||||||
U.S. Treasury Bond(T) | 1 Day USOIS +20bps(T)/ 5.530% | JPM | 08/23/24 | 13,010 | 232,194 | — | 232,194 | |||||||
$(444,714) | $— | $(444,714) |
(1) | On a long total return swap, the Portfolio receives payments for any positive return on the reference entity (makes payments for any negative return) and pays the financing rate. On a short total return swap, the Portfolio makes payments for any positive return on the reference entity (receives payments for any negative return) and receives the financing rate. |
(2) | Upfront/recurring fees or commissions, as applicable, are included in the net unrealized appreciation (depreciation). |
Other information
regarding the Portfolio is available in the Portfolio’s most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
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