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Prudential Series Fund similar filings
- 25 Nov 24 PSF Natural Resources Portfolio (Sep 2024 report)
- 25 Nov 24 PSF PGIM Total Return Bond Portfolio (Sep 2024 report)
- 25 Nov 24 PSF PGIM Flexible Managed Portfolio (Sep 2024 report)
- 25 Nov 24 PSF PGIM 50/50 Balanced Portfolio (Sep 2024 report)
- 25 Nov 24 PSF Mid-Cap Growth Portfolio (Sep 2024 report)
- 25 Nov 24 PSF Stock Index Portfolio (Sep 2024 report)
- 25 Nov 24 PSF PGIM Jennison Value Portfolio (Sep 2024 report)
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PSF PGIM 50/50 BALANCED
PORTFOLIO
SCHEDULE OF INVESTMENTS | as of September 30, 2024 (unaudited) |
Shares | Value | |||||
Long-Term Investments — 89.5% | ||||||
Common Stocks — 50.2% | ||||||
Aerospace & Defense — 1.0% | ||||||
Axon Enterprise, Inc.* | 1,900 | $759,240 | ||||
Boeing Co. (The)* | 16,150 | 2,455,446 | ||||
General Dynamics Corp. | 7,000 | 2,115,400 | ||||
General Electric Co. | 29,978 | 5,653,251 | ||||
Howmet Aerospace, Inc. | 11,480 | 1,150,870 | ||||
Huntington Ingalls Industries, Inc. | 1,000 | 264,380 | ||||
Kongsberg Gruppen ASA (Norway) | 110 | 10,745 | ||||
L3Harris Technologies, Inc. | 5,370 | 1,277,362 | ||||
Lockheed Martin Corp. | 6,040 | 3,530,742 | ||||
Northrop Grumman Corp. | 3,822 | 2,018,284 | ||||
Rheinmetall AG (Germany) | 35 | 19,027 | ||||
Rolls-Royce Holdings PLC (United Kingdom)* | 23,565 | 166,781 | ||||
RTX Corp. | 36,855 | 4,465,352 | ||||
Safran SA (France) | 684 | 160,961 | ||||
Singapore Technologies Engineering Ltd. (Singapore) | 1,700 | 6,140 | ||||
Textron, Inc. | 5,300 | 469,474 | ||||
TransDigm Group, Inc. | 1,570 | 2,240,594 | ||||
26,764,049 | ||||||
Air Freight & Logistics — 0.2% | ||||||
C.H. Robinson Worldwide, Inc. | 3,200 | 353,184 | ||||
Expeditors International of Washington, Inc. | 4,000 | 525,600 | ||||
FedEx Corp. | 6,180 | 1,691,342 | ||||
United Parcel Service, Inc. (Class B Stock) | 20,300 | 2,767,702 | ||||
5,337,828 | ||||||
Automobile Components — 0.0% | ||||||
Aisin Corp. (Japan) | 600 | 6,667 | ||||
Aptiv PLC* | 7,700 | 554,477 | ||||
BorgWarner, Inc. | 7,100 | 257,659 | ||||
Cie Generale des Etablissements Michelin SCA (France) | 350 | 14,215 | ||||
Sumitomo Electric Industries Ltd. (Japan) | 2,800 | 45,465 | ||||
878,483 | ||||||
Automobiles — 0.8% | ||||||
Ford Motor Co. | 108,185 | 1,142,434 | ||||
General Motors Co. | 31,600 | 1,416,944 | ||||
Mazda Motor Corp. (Japan) | 10,300 | 78,698 | ||||
Subaru Corp. (Japan) | 4,700 | 83,148 | ||||
Suzuki Motor Corp. (Japan) | 1,400 | 15,764 | ||||
Tesla, Inc.* | 76,820 | 20,098,417 | ||||
Toyota Motor Corp. (Japan) | 4,600 | 82,680 | ||||
Volvo Car AB (Sweden) (Class B Stock)* | 20,702 | 56,992 | ||||
22,975,077 | ||||||
Banks — 1.6% | ||||||
ABN AMRO Bank NV (Netherlands), 144A, CVA | 841 | 15,198 | ||||
AIB Group PLC (Ireland) | 10,698 | 61,282 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Banks (cont’d.) | ||||||
ANZ Group Holdings Ltd. (Australia) | 966 | $20,301 | ||||
Banco Bilbao Vizcaya Argentaria SA (Spain) | 6,275 | 67,784 | ||||
Banco BPM SpA (Italy) | 1,107 | 7,479 | ||||
Banco Santander SA (Spain) | 13,259 | 67,937 | ||||
Bank Hapoalim BM (Israel) | 672 | 6,736 | ||||
Bank Leumi Le-Israel BM (Israel) | 1,360 | 13,318 | ||||
Bank of America Corp. | 187,041 | 7,421,787 | ||||
Barclays PLC (United Kingdom) | 35,019 | 105,217 | ||||
BNP Paribas SA (France) | 916 | 62,858 | ||||
BOC Hong Kong Holdings Ltd. (China) | 2,000 | 6,337 | ||||
CaixaBank SA (Spain) | 7,144 | 42,635 | ||||
Citigroup, Inc. | 52,835 | 3,307,471 | ||||
Citizens Financial Group, Inc. | 12,600 | 517,482 | ||||
Commonwealth Bank of Australia (Australia) | 737 | 68,744 | ||||
Credit Agricole SA (France) | 3,867 | 59,138 | ||||
DBS Group Holdings Ltd. (Singapore) | 1,400 | 41,460 | ||||
Erste Group Bank AG (Austria) | 520 | 28,495 | ||||
Fifth Third Bancorp | 19,221 | 823,428 | ||||
HSBC Holdings PLC (United Kingdom) | 16,087 | 144,317 | ||||
Huntington Bancshares, Inc. | 41,736 | 613,519 | ||||
ING Groep NV (Netherlands) | 736 | 13,353 | ||||
Intesa Sanpaolo SpA (Italy) | 29,780 | 127,479 | ||||
JPMorgan Chase & Co. | 78,845 | 16,625,257 | ||||
KeyCorp | 26,900 | 450,575 | ||||
M&T Bank Corp. | 4,505 | 802,431 | ||||
Mitsubishi UFJ Financial Group, Inc. (Japan) | 3,900 | 40,048 | ||||
Mizrahi Tefahot Bank Ltd. (Israel) | 168 | 6,566 | ||||
National Australia Bank Ltd. (Australia) | 4,272 | 110,603 | ||||
NatWest Group PLC (United Kingdom) | 11,675 | 54,048 | ||||
Nordea Bank Abp (Finland) | 4,321 | 51,010 | ||||
Oversea-Chinese Banking Corp. Ltd. (Singapore) | 8,700 | 101,842 | ||||
PNC Financial Services Group, Inc. (The) | 11,133 | 2,057,935 | ||||
Regions Financial Corp. | 25,203 | 587,986 | ||||
Swedbank AB (Sweden) (Class A Stock) | 708 | 15,028 | ||||
Truist Financial Corp. | 37,601 | 1,608,195 | ||||
U.S. Bancorp | 43,185 | 1,974,850 | ||||
UniCredit SpA (Italy) | 3,008 | 132,056 | ||||
Wells Fargo & Co. | 94,264 | 5,324,973 | ||||
Westpac Banking Corp. (Australia) | 2,850 | 62,280 | ||||
43,649,438 | ||||||
Beverages — 0.7% | ||||||
Asahi Group Holdings Ltd. (Japan) | 900 | 11,796 | ||||
Brown-Forman Corp. (Class B Stock)(a) | 5,275 | 259,530 | ||||
Coca-Cola Co. (The) | 108,801 | 7,818,440 | ||||
Coca-Cola HBC AG (Italy)* | 184 | 6,560 | ||||
Constellation Brands, Inc. (Class A Stock) | 4,340 | 1,118,375 | ||||
Keurig Dr. Pepper, Inc. | 29,600 | 1,109,408 | ||||
Kirin Holdings Co. Ltd. (Japan) | 500 | 7,620 |
A1
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2024 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Beverages (cont’d.) | ||||||
Molson Coors Beverage Co. (Class B Stock)(a) | 5,000 | $287,600 | ||||
Monster Beverage Corp.* | 19,500 | 1,017,315 | ||||
PepsiCo, Inc. | 38,007 | 6,463,090 | ||||
18,099,734 | ||||||
Biotechnology — 0.9% | ||||||
AbbVie, Inc. | 48,901 | 9,656,969 | ||||
Amgen, Inc. | 14,837 | 4,780,630 | ||||
Biogen, Inc.* | 4,060 | 786,990 | ||||
CSL Ltd. | 34 | 6,716 | ||||
Gilead Sciences, Inc. | 34,500 | 2,892,480 | ||||
Incyte Corp.* | 4,440 | 293,484 | ||||
Moderna, Inc.* | 9,550 | 638,227 | ||||
Regeneron Pharmaceuticals, Inc.* | 2,940 | 3,090,646 | ||||
Vertex Pharmaceuticals, Inc.* | 7,000 | 3,255,560 | ||||
25,401,702 | ||||||
Broadline Retail — 1.8% | ||||||
Amazon.com, Inc.* | 258,800 | 48,222,204 | ||||
eBay, Inc. | 13,700 | 892,007 | ||||
Next PLC (United Kingdom) | 260 | 34,059 | ||||
Prosus NV (China)* | 1,208 | 52,723 | ||||
Rakuten Group, Inc. (Japan)* | 9,200 | 59,362 | ||||
49,260,355 | ||||||
Building Products — 0.3% | ||||||
A.O. Smith Corp. | 3,300 | 296,439 | ||||
AGC, Inc. (Japan) | 1,100 | 35,695 | ||||
Allegion PLC | 2,533 | 369,159 | ||||
Builders FirstSource, Inc.*(a) | 3,200 | 620,352 | ||||
Carrier Global Corp. | 23,202 | 1,867,529 | ||||
Cie de Saint-Gobain SA (France) | 1,418 | 129,325 | ||||
Johnson Controls International PLC | 18,722 | 1,453,015 | ||||
Masco Corp.(a) | 6,200 | 520,428 | ||||
ROCKWOOL A/S (Denmark) (Class B Stock) | 15 | 7,042 | ||||
Trane Technologies PLC | 6,100 | 2,371,253 | ||||
7,670,237 | ||||||
Capital Markets — 1.5% | ||||||
3i Group PLC (United Kingdom) | 2,565 | 113,626 | ||||
Ameriprise Financial, Inc. | 2,620 | 1,230,902 | ||||
Amundi SA (France), 144A | 362 | 27,058 | ||||
Bank of New York Mellon Corp. (The) | 20,458 | 1,470,112 | ||||
BlackRock, Inc. | 3,850 | 3,655,613 | ||||
Blackstone, Inc. | 19,900 | 3,047,287 | ||||
Cboe Global Markets, Inc. | 3,000 | 614,610 | ||||
Charles Schwab Corp. (The) | 41,350 | 2,679,893 | ||||
CME Group, Inc. | 10,100 | 2,228,565 | ||||
Deutsche Bank AG (Germany) | 5,322 | 92,133 | ||||
Euronext NV (Netherlands), 144A | 144 | 15,631 | ||||
FactSet Research Systems, Inc. | 1,000 | 459,850 | ||||
Franklin Resources, Inc.(a) | 8,700 | 175,305 | ||||
Goldman Sachs Group, Inc. (The) | 8,680 | 4,297,555 | ||||
Intercontinental Exchange, Inc. | 16,455 | 2,643,331 | ||||
Invesco Ltd. | 12,400 | 217,744 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Capital Markets (cont’d.) | ||||||
Investec PLC (United Kingdom) | 1,014 | $7,718 | ||||
KKR & Co., Inc. | 18,800 | 2,454,904 | ||||
Magellan Financial Group Ltd. (Australia) | 1,225 | 8,451 | ||||
MarketAxess Holdings, Inc. | 1,020 | 261,324 | ||||
Moody’s Corp. | 4,450 | 2,111,926 | ||||
Morgan Stanley | 34,519 | 3,598,261 | ||||
MSCI, Inc. | 2,120 | 1,235,812 | ||||
Nasdaq, Inc. | 11,700 | 854,217 | ||||
Nomura Holdings, Inc. (Japan) | 11,500 | 60,018 | ||||
Northern Trust Corp.(a) | 5,600 | 504,168 | ||||
Raymond James Financial, Inc. | 5,150 | 630,669 | ||||
S&P Global, Inc. | 8,960 | 4,628,915 | ||||
Singapore Exchange Ltd. (Singapore) | 1,900 | 16,835 | ||||
State Street Corp. | 8,500 | 751,995 | ||||
T. Rowe Price Group, Inc. | 6,200 | 675,366 | ||||
Tokai Tokyo Financial Holdings, Inc. (Japan) | 2,200 | 7,476 | ||||
UBS Group AG (Switzerland) | 2,873 | 88,902 | ||||
40,866,172 | ||||||
Chemicals — 0.7% | ||||||
Air Products & Chemicals, Inc. | 6,100 | 1,816,214 | ||||
Albemarle Corp.(a) | 3,500 | 331,485 | ||||
Asahi Kasei Corp. (Japan) | 900 | 6,823 | ||||
Celanese Corp.(a) | 2,800 | 380,688 | ||||
CF Industries Holdings, Inc. | 5,100 | 437,580 | ||||
Corteva, Inc. | 19,447 | 1,143,289 | ||||
Dow, Inc. | 19,347 | 1,056,927 | ||||
DuPont de Nemours, Inc. | 11,747 | 1,046,775 | ||||
Eastman Chemical Co. | 3,400 | 380,630 | ||||
Ecolab, Inc. | 7,300 | 1,863,909 | ||||
Evonik Industries AG (Germany) | 351 | 8,217 | ||||
FMC Corp. | 3,400 | 224,196 | ||||
Givaudan SA (Switzerland) | 3 | 16,460 | ||||
International Flavors & Fragrances, Inc. | 7,200 | 755,496 | ||||
Linde PLC | 13,300 | 6,342,238 | ||||
LyondellBasell Industries NV (Class A Stock) | 7,300 | 700,070 | ||||
Mitsubishi Chemical Group Corp. (Japan) | 6,300 | 40,524 | ||||
Mosaic Co. (The) | 9,200 | 246,376 | ||||
Orica Ltd. (Australia) | 1,616 | 20,643 | ||||
PPG Industries, Inc. | 6,400 | 847,744 | ||||
Sherwin-Williams Co. (The) | 6,550 | 2,499,938 | ||||
Solvay SA (Belgium) | 2,054 | 80,466 | ||||
20,246,688 | ||||||
Commercial Services & Supplies — 0.3% | ||||||
Brambles Ltd. (Australia) | 7,224 | 94,821 | ||||
Cintas Corp. | 9,420 | 1,939,389 | ||||
Copart, Inc.* | 24,200 | 1,268,080 | ||||
Republic Services, Inc. | 5,665 | 1,137,759 | ||||
Rollins, Inc. | 8,200 | 414,756 | ||||
Veralto Corp. | 6,333 | 708,409 | ||||
Waste Management, Inc. | 10,042 | 2,084,719 | ||||
7,647,933 |
A2
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2024 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Communications Equipment — 0.4% | ||||||
Arista Networks, Inc.* | 7,000 | $2,686,740 | ||||
Cisco Systems, Inc. | 111,600 | 5,939,352 | ||||
F5, Inc.* | 1,500 | 330,300 | ||||
Juniper Networks, Inc. | 9,900 | 385,902 | ||||
Motorola Solutions, Inc. | 4,789 | 2,153,278 | ||||
Nokia OYJ (Finland) | 8,533 | 37,257 | ||||
11,532,829 | ||||||
Construction & Engineering — 0.1% | ||||||
ACS Actividades de Construccion y Servicios SA (Spain) | 1,122 | 51,788 | ||||
Eiffage SA (France) | 960 | 92,703 | ||||
Quanta Services, Inc. | 4,000 | 1,192,600 | ||||
Vinci SA (France) | 767 | 89,660 | ||||
1,426,751 | ||||||
Construction Materials — 0.1% | ||||||
Heidelberg Materials AG (Germany) | 924 | 100,660 | ||||
Holcim AG* | 1,386 | 135,735 | ||||
Martin Marietta Materials, Inc. | 1,680 | 904,260 | ||||
Vulcan Materials Co. | 3,600 | 901,548 | ||||
2,042,203 | ||||||
Consumer Finance — 0.3% | ||||||
American Express Co. | 15,500 | 4,203,600 | ||||
Capital One Financial Corp. | 10,661 | 1,596,271 | ||||
Discover Financial Services | 7,040 | 987,642 | ||||
Synchrony Financial | 11,072 | 552,271 | ||||
7,339,784 | ||||||
Consumer Staples Distribution & Retail — 1.0% | ||||||
Carrefour SA (France) | 1,264 | 21,553 | ||||
Coles Group Ltd. (Australia) | 3,475 | 43,321 | ||||
Costco Wholesale Corp. | 12,280 | 10,886,465 | ||||
Dollar General Corp. | 6,400 | 541,248 | ||||
Dollar Tree, Inc.* | 5,965 | 419,459 | ||||
Koninklijke Ahold Delhaize NV (Netherlands) | 3,312 | 114,491 | ||||
Kroger Co. (The) | 18,292 | 1,048,132 | ||||
Sysco Corp.(a) | 13,800 | 1,077,228 | ||||
Target Corp. | 12,760 | 1,988,774 | ||||
Tesco PLC (United Kingdom) | 10,631 | 51,043 | ||||
Walgreens Boots Alliance, Inc.(a) | 22,300 | 199,808 | ||||
Walmart, Inc. | 120,300 | 9,714,225 | ||||
26,105,747 | ||||||
Containers & Packaging — 0.1% | ||||||
Amcor PLC(a) | 40,850 | 462,831 | ||||
Avery Dennison Corp. | 2,100 | 463,596 | ||||
Ball Corp. | 8,800 | 597,608 | ||||
International Paper Co.(a) | 9,973 | 487,181 | ||||
Packaging Corp. of America | 2,500 | 538,500 | ||||
Smurfit WestRock PLC(a) | 13,844 | 684,170 | ||||
3,233,886 | ||||||
Distributors — 0.0% | ||||||
Genuine Parts Co.(a) | 4,000 | 558,720 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Distributors (cont’d.) | ||||||
LKQ Corp. | 7,900 | $315,368 | ||||
Pool Corp. | 1,080 | 406,944 | ||||
1,281,032 | ||||||
Diversified REITs — 0.0% | ||||||
GPT Group (The) (Australia) | 5,407 | 18,540 | ||||
Stockland (Australia) | 1,757 | 6,337 | ||||
24,877 | ||||||
Diversified Telecommunication Services — 0.4% | ||||||
AT&T, Inc. | 198,636 | 4,369,992 | ||||
Deutsche Telekom AG (Germany) | 5,101 | 149,813 | ||||
Koninklijke KPN NV (Netherlands) | 19,452 | 79,447 | ||||
Orange SA (France) | 1,596 | 18,279 | ||||
Telstra Group Ltd. (Australia) | 3,256 | 8,715 | ||||
Verizon Communications, Inc. | 116,576 | 5,235,428 | ||||
9,861,674 | ||||||
Electric Utilities — 0.8% | ||||||
Alliant Energy Corp. | 7,400 | 449,106 | ||||
American Electric Power Co., Inc. | 14,860 | 1,524,636 | ||||
Chubu Electric Power Co., Inc. (Japan) | 3,900 | 45,833 | ||||
Constellation Energy Corp. | 8,704 | 2,263,214 | ||||
Duke Energy Corp. | 21,761 | 2,509,043 | ||||
Edison International | 11,300 | 984,117 | ||||
Enel SpA (Italy) | 17,178 | 137,215 | ||||
Entergy Corp. | 6,000 | 789,660 | ||||
Evergy, Inc. | 6,700 | 415,467 | ||||
Eversource Energy | 10,300 | 700,915 | ||||
Exelon Corp. | 27,713 | 1,123,762 | ||||
FirstEnergy Corp. | 15,156 | 672,169 | ||||
Fortum OYJ (Finland) | 1,260 | 20,734 | ||||
Iberdrola SA (Spain) | 7,291 | 112,713 | ||||
Kansai Electric Power Co., Inc. (The) (Japan) | 1,800 | 29,831 | ||||
NextEra Energy, Inc. | 56,900 | 4,809,757 | ||||
NRG Energy, Inc. | 5,600 | 510,160 | ||||
PG&E Corp. | 59,200 | 1,170,384 | ||||
Pinnacle West Capital Corp.(a) | 3,200 | 283,488 | ||||
PPL Corp. | 21,200 | 701,296 | ||||
Shikoku Electric Power Co., Inc. (Japan) | 700 | 6,228 | ||||
Southern Co. (The) | 30,300 | 2,732,454 | ||||
Tokyo Electric Power Co. Holdings, Inc. (Japan)* | 5,600 | 24,836 | ||||
Xcel Energy, Inc. | 15,910 | 1,038,923 | ||||
23,055,941 | ||||||
Electrical Equipment — 0.4% | ||||||
ABB Ltd. (Switzerland) | 3,309 | 191,974 | ||||
AMETEK, Inc. | 6,400 | 1,098,944 | ||||
Eaton Corp. PLC | 11,137 | 3,691,247 | ||||
Emerson Electric Co. | 15,800 | 1,728,046 | ||||
GE Vernova, Inc.* | 7,594 | 1,936,318 | ||||
Generac Holdings, Inc.* | 1,600 | 254,208 | ||||
Hubbell, Inc. | 1,400 | 599,690 | ||||
Legrand SA (France) | 600 | 69,124 |
A3
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2024 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Electrical Equipment (cont’d.) | ||||||
Nidec Corp. (Japan) | 2,400 | $50,527 | ||||
Prysmian SpA (Italy) | 224 | 16,298 | ||||
Rockwell Automation, Inc. | 3,100 | 832,226 | ||||
Schneider Electric SE | 307 | 80,928 | ||||
Siemens Energy AG (Germany)* | 500 | 18,460 | ||||
10,567,990 | ||||||
Electronic Equipment, Instruments & Components — 0.3% | ||||||
Amphenol Corp. (Class A Stock) | 33,300 | 2,169,828 | ||||
CDW Corp. | 3,650 | 825,995 | ||||
Corning, Inc. | 21,800 | 984,270 | ||||
Halma PLC (United Kingdom) | 936 | 32,728 | ||||
Jabil, Inc. | 3,100 | 371,473 | ||||
Keyence Corp. (Japan) | 200 | 95,852 | ||||
Keysight Technologies, Inc.* | 4,700 | 746,971 | ||||
TDK Corp. (Japan) | 6,000 | 76,646 | ||||
TE Connectivity PLC (Ireland) | 8,700 | 1,313,613 | ||||
Teledyne Technologies, Inc.* | 1,160 | 507,686 | ||||
Trimble, Inc.* | 6,800 | 422,212 | ||||
Yokogawa Electric Corp. (Japan) | 300 | 7,688 | ||||
Zebra Technologies Corp. (Class A Stock)* | 1,370 | 507,338 | ||||
8,062,300 | ||||||
Energy Equipment & Services — 0.1% | ||||||
Baker Hughes Co. | 27,898 | 1,008,512 | ||||
Halliburton Co. | 25,100 | 729,155 | ||||
Schlumberger NV | 39,324 | 1,649,642 | ||||
3,387,309 | ||||||
Entertainment — 0.6% | ||||||
Capcom Co. Ltd. (Japan) | 300 | 6,997 | ||||
CTS Eventim AG & Co. KGaA (Germany) | 144 | 14,994 | ||||
Electronic Arts, Inc. | 6,700 | 961,048 | ||||
Konami Group Corp. (Japan) | 700 | 71,385 | ||||
Live Nation Entertainment, Inc.* | 4,400 | 481,756 | ||||
Netflix, Inc.* | 11,890 | 8,433,220 | ||||
Nexon Co. Ltd. (Japan) | 3,700 | 73,526 | ||||
Nintendo Co. Ltd. (Japan) | 300 | 16,036 | ||||
Sea Ltd. (Singapore), ADR* | 500 | 47,140 | ||||
Take-Two Interactive Software, Inc.* | 4,500 | 691,695 | ||||
Walt Disney Co. (The) | 51,182 | 4,923,197 | ||||
Warner Bros Discovery, Inc.* | 63,876 | 526,977 | ||||
16,247,971 | ||||||
Financial Services — 2.1% | ||||||
Berkshire Hathaway, Inc. (Class B Stock)* | 50,755 | 23,360,496 | ||||
Corpay, Inc.* | 1,900 | 594,244 | ||||
EXOR NV (Netherlands) | 180 | 19,297 | ||||
Fidelity National Information Services, Inc. | 15,600 | 1,306,500 | ||||
Financial Partners Group Co. Ltd. (Japan) | 1,100 | 17,139 | ||||
Fiserv, Inc.* | 16,500 | 2,964,225 | ||||
Global Payments, Inc. | 7,177 | 735,069 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Financial Services (cont’d.) | ||||||
Investor AB (Sweden) (Class B Stock) | 4,479 | $138,026 | ||||
Jack Henry & Associates, Inc. | 1,900 | 335,426 | ||||
Japan Securities Finance Co. Ltd. (Japan) | 600 | 8,060 | ||||
Mastercard, Inc. (Class A Stock) | 23,050 | 11,382,090 | ||||
PayPal Holdings, Inc.* | 28,300 | 2,208,249 | ||||
Visa, Inc. (Class A Stock) | 46,300 | 12,730,185 | ||||
55,799,006 | ||||||
Food Products — 0.4% | ||||||
Archer-Daniels-Midland Co. | 13,426 | 802,069 | ||||
Associated British Foods PLC (United Kingdom) | 1,522 | 47,567 | ||||
Bunge Global SA(a) | 3,800 | 367,232 | ||||
Campbell Soup Co.(a) | 5,700 | 278,844 | ||||
Conagra Brands, Inc. | 13,500 | 439,020 | ||||
General Mills, Inc. | 16,200 | 1,196,370 | ||||
Hershey Co. (The) | 4,200 | 805,476 | ||||
Hormel Foods Corp. | 8,400 | 266,280 | ||||
J.M. Smucker Co. (The) | 2,900 | 351,190 | ||||
Kellanova | 7,600 | 613,396 | ||||
Kraft Heinz Co. (The) | 22,967 | 806,371 | ||||
Lamb Weston Holdings, Inc.(a) | 4,000 | 258,960 | ||||
McCormick & Co., Inc. | 7,340 | 604,082 | ||||
Mondelez International, Inc. (Class A Stock) | 36,953 | 2,722,327 | ||||
Morinaga & Co. Ltd. (Japan) | 600 | 12,019 | ||||
Nestle SA | 1,502 | 150,940 | ||||
Tyson Foods, Inc. (Class A Stock) | 8,300 | 494,348 | ||||
WH Group Ltd. (Hong Kong), 144A | 107,000 | 84,273 | ||||
Wilmar International Ltd. (China) | 28,000 | 72,621 | ||||
10,373,385 | ||||||
Gas Utilities — 0.0% | ||||||
Atmos Energy Corp. | 4,400 | 610,324 | ||||
Osaka Gas Co. Ltd. (Japan) | 300 | 6,766 | ||||
617,090 | ||||||
Ground Transportation — 0.5% | ||||||
CSX Corp. | 54,500 | 1,881,885 | ||||
Hankyu Hanshin Holdings, Inc. (Japan) | 500 | 15,446 | ||||
J.B. Hunt Transport Services, Inc. | 2,200 | 379,126 | ||||
Norfolk Southern Corp. | 6,200 | 1,540,700 | ||||
Old Dominion Freight Line, Inc. | 5,230 | 1,038,887 | ||||
Tokyu Corp. (Japan) | 500 | 6,475 | ||||
Uber Technologies, Inc.* | 58,200 | 4,374,312 | ||||
Union Pacific Corp. | 16,860 | 4,155,653 | ||||
13,392,484 | ||||||
Health Care Equipment & Supplies — 1.2% | ||||||
Abbott Laboratories | 48,150 | 5,489,582 | ||||
Align Technology, Inc.* | 1,840 | 467,949 | ||||
Baxter International, Inc. | 14,700 | 558,159 | ||||
Becton, Dickinson & Co. | 8,010 | 1,931,211 | ||||
Boston Scientific Corp.* | 42,167 | 3,533,595 | ||||
Cooper Cos., Inc. (The)* | 5,760 | 635,558 | ||||
Demant A/S (Denmark)* | 120 | 4,672 |
A4
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2024 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Health Care Equipment & Supplies (cont’d.) | ||||||
Dexcom, Inc.* | 11,460 | $768,278 | ||||
Edwards Lifesciences Corp.* | 17,000 | 1,121,830 | ||||
Fisher & Paykel Healthcare Corp. Ltd. (New Zealand) | 2,559 | 56,723 | ||||
GE HealthCare Technologies, Inc. | 12,892 | 1,209,914 | ||||
Hologic, Inc.* | 6,500 | 529,490 | ||||
Hoya Corp. (Japan) | 300 | 41,551 | ||||
IDEXX Laboratories, Inc.* | 2,300 | 1,162,006 | ||||
Insulet Corp.* | 1,800 | 418,950 | ||||
Intuitive Surgical, Inc.* | 9,760 | 4,794,795 | ||||
Medtronic PLC | 35,490 | 3,195,165 | ||||
ResMed, Inc.(a) | 4,100 | 1,000,892 | ||||
Solventum Corp.*(a) | 4,070 | 283,760 | ||||
STERIS PLC | 2,650 | 642,731 | ||||
Stryker Corp. | 9,600 | 3,468,096 | ||||
Teleflex, Inc. | 1,200 | 296,784 | ||||
Zimmer Biomet Holdings, Inc. | 5,700 | 615,315 | ||||
32,227,006 | ||||||
Health Care Providers & Services — 1.2% | ||||||
Ambea AB (Sweden), 144A | 2,516 | 22,267 | ||||
Cardinal Health, Inc. | 6,750 | 746,010 | ||||
Cencora, Inc. | 4,700 | 1,057,876 | ||||
Centene Corp.* | 14,550 | 1,095,324 | ||||
Cigna Group (The) | 7,600 | 2,632,944 | ||||
CVS Health Corp. | 34,783 | 2,187,155 | ||||
DaVita, Inc.* | 1,400 | 229,502 | ||||
EBOS Group Ltd. (Australia) | 273 | 6,279 | ||||
Elevance Health, Inc. | 6,420 | 3,338,400 | ||||
Fresenius Medical Care AG (Germany) | 1,292 | 54,899 | ||||
Fresenius SE & Co. KGaA (Germany)* | 369 | 14,078 | ||||
HCA Healthcare, Inc. | 5,000 | 2,032,150 | ||||
Henry Schein, Inc.* | 3,500 | 255,150 | ||||
Humana, Inc. | 3,210 | 1,016,736 | ||||
Labcorp Holdings, Inc. | 2,300 | 514,004 | ||||
McKesson Corp. | 3,470 | 1,715,638 | ||||
Molina Healthcare, Inc.* | 1,550 | 534,068 | ||||
Quest Diagnostics, Inc. | 3,200 | 496,800 | ||||
Ship Healthcare Holdings, Inc. (Japan) | 400 | 6,536 | ||||
UnitedHealth Group, Inc. | 25,740 | 15,049,663 | ||||
Universal Health Services, Inc. (Class B Stock) | 1,600 | 366,416 | ||||
33,371,895 | ||||||
Health Care REITs — 0.1% | ||||||
Alexandria Real Estate Equities, Inc. | 4,480 | 532,000 | ||||
Healthpeak Properties, Inc. | 20,000 | 457,400 | ||||
Ventas, Inc. | 11,568 | 741,856 | ||||
Welltower, Inc. | 15,900 | 2,035,677 | ||||
3,766,933 | ||||||
Health Care Technology — 0.0% | ||||||
Pro Medicus Ltd. (Australia) | 138 | 16,986 | ||||
Hotel & Resort REITs — 0.0% | ||||||
Host Hotels & Resorts, Inc.(a) | 19,682 | 346,403 | ||||
Hotels, Restaurants & Leisure — 1.0% | ||||||
Accor SA (France) | 1,283 | 55,772 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Hotels, Restaurants & Leisure (cont’d.) | ||||||
Airbnb, Inc. (Class A Stock)* | 12,400 | $1,572,444 | ||||
Aristocrat Leisure Ltd. (Australia) | 919 | 37,104 | ||||
Booking Holdings, Inc. | 940 | 3,959,393 | ||||
Caesars Entertainment, Inc.* | 6,700 | 279,658 | ||||
Carnival Corp.* | 29,000 | 535,920 | ||||
Chipotle Mexican Grill, Inc.* | 37,900 | 2,183,798 | ||||
Compass Group PLC (United Kingdom) | 198 | 6,348 | ||||
Darden Restaurants, Inc. | 3,250 | 533,422 | ||||
Domino’s Pizza, Inc. | 820 | 352,715 | ||||
Expedia Group, Inc.* | 3,650 | 540,273 | ||||
Hilton Worldwide Holdings, Inc. | 6,800 | 1,567,400 | ||||
InterContinental Hotels Group PLC (United Kingdom) | 141 | 15,355 | ||||
La Francaise des Jeux SAEM (France), 144A | 1,175 | 48,350 | ||||
Las Vegas Sands Corp.(a) | 9,750 | 490,815 | ||||
Marriott International, Inc. (Class A Stock) | 6,328 | 1,573,141 | ||||
McDonald’s Corp. | 20,200 | 6,151,102 | ||||
MGM Resorts International* | 6,400 | 250,176 | ||||
Norwegian Cruise Line Holdings Ltd.* | 12,000 | 246,120 | ||||
Royal Caribbean Cruises Ltd. | 6,500 | 1,152,840 | ||||
Starbucks Corp. | 31,400 | 3,061,186 | ||||
TUI AG (Germany)* | 945 | 7,214 | ||||
Wynn Resorts Ltd. | 2,900 | 278,052 | ||||
Yum! Brands, Inc. | 7,800 | 1,089,738 | ||||
Zensho Holdings Co. Ltd. (Japan) | 800 | 44,325 | ||||
26,032,661 | ||||||
Household Durables — 0.2% | ||||||
Berkeley Group Holdings PLC (United Kingdom) | 1,451 | 91,778 | ||||
Breville Group Ltd. (Australia) | 324 | 7,626 | ||||
D.R. Horton, Inc. | 8,000 | 1,526,160 | ||||
Garmin Ltd.(a) | 4,200 | 739,326 | ||||
JVCKenwood Corp. (Japan) | 1,900 | 17,955 | ||||
Lennar Corp. (Class A Stock) | 6,800 | 1,274,864 | ||||
Mohawk Industries, Inc.* | 1,340 | 215,311 | ||||
NVR, Inc.* | 90 | 883,062 | ||||
PulteGroup, Inc. | 5,822 | 835,632 | ||||
Sekisui Chemical Co. Ltd. (Japan) | 400 | 6,254 | ||||
Sony Group Corp. (Japan) | 4,500 | 87,424 | ||||
5,685,392 | ||||||
Household Products — 0.6% | ||||||
Church & Dwight Co., Inc. | 6,900 | 722,568 | ||||
Clorox Co. (The) | 3,300 | 537,603 | ||||
Colgate-Palmolive Co. | 23,300 | 2,418,773 | ||||
Essity AB (Sweden) (Class B Stock) | 3,867 | 120,707 | ||||
Henkel AG & Co. KGaA (Germany) | 78 | 6,631 | ||||
Kimberly-Clark Corp. | 9,500 | 1,351,660 | ||||
Procter & Gamble Co. (The) | 65,225 | 11,296,970 | ||||
Reckitt Benckiser Group PLC (United Kingdom) | 579 | 35,426 | ||||
16,490,338 |
A5
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2024 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Independent Power & Renewable Electricity Producers — 0.1% | ||||||
AES Corp. (The) | 19,500 | $391,170 | ||||
Vistra Corp. | 9,600 | 1,137,984 | ||||
1,529,154 | ||||||
Industrial Conglomerates — 0.2% | ||||||
3M Co. | 15,380 | 2,102,446 | ||||
Hitachi Ltd. (Japan) | 6,100 | 161,756 | ||||
Honeywell International, Inc. | 18,012 | 3,723,260 | ||||
Siemens AG (Germany) | 725 | 146,673 | ||||
Smiths Group PLC (United Kingdom) | 262 | 5,888 | ||||
6,140,023 | ||||||
Industrial REITs — 0.1% | ||||||
Goodman Group (Australia) | 5,812 | 148,258 | ||||
Prologis, Inc. | 25,584 | 3,230,748 | ||||
3,379,006 | ||||||
Insurance — 1.1% | ||||||
Aflac, Inc. | 13,900 | 1,554,020 | ||||
Ageas SA/NV (Belgium) | 1,804 | 96,260 | ||||
AIA Group Ltd. (Hong Kong) | 2,200 | 19,212 | ||||
Allianz SE (Germany) | 342 | 112,490 | ||||
Allstate Corp. (The) | 7,500 | 1,422,375 | ||||
American International Group, Inc. | 18,039 | 1,320,996 | ||||
Aon PLC (Class A Stock) | 6,200 | 2,145,138 | ||||
Arch Capital Group Ltd.* | 10,300 | 1,152,364 | ||||
Arthur J. Gallagher & Co. | 6,000 | 1,688,220 | ||||
Assurant, Inc. | 1,300 | 258,518 | ||||
Aviva PLC (United Kingdom) | 16,437 | 106,459 | ||||
AXA SA (France) | 3,628 | 139,667 | ||||
Brown & Brown, Inc. | 6,600 | 683,760 | ||||
Chubb Ltd. | 10,286 | 2,966,380 | ||||
Cincinnati Financial Corp. | 4,337 | 590,352 | ||||
Dai-ichi Life Holdings, Inc. (Japan) | 2,900 | 75,247 | ||||
Erie Indemnity Co. (Class A Stock)(a) | 700 | 377,874 | ||||
Everest Group Ltd. | 1,240 | 485,869 | ||||
Globe Life, Inc. | 2,525 | 267,423 | ||||
Hannover Rueck SE (Germany) | 51 | 14,558 | ||||
Hartford Financial Services Group, Inc. (The) | 8,400 | 987,924 | ||||
Insurance Australia Group Ltd. (Australia) | 2,280 | 11,587 | ||||
Japan Post Holdings Co. Ltd. (Japan) | 7,700 | 73,837 | ||||
Loews Corp. | 4,975 | 393,274 | ||||
Marsh & McLennan Cos., Inc. | 13,900 | 3,100,951 | ||||
Medibank Private Ltd. (Australia) | 33,584 | 84,731 | ||||
MetLife, Inc. | 16,150 | 1,332,052 | ||||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Germany) | 320 | 176,334 | ||||
Principal Financial Group, Inc. | 6,000 | 515,400 | ||||
Progressive Corp. (The) | 16,200 | 4,110,912 | ||||
QBE Insurance Group Ltd. (Australia) | 1,081 | 12,343 | ||||
Sompo Holdings, Inc. (Japan) | 600 | 13,525 | ||||
Suncorp Group Ltd. (Australia) | 520 | 6,493 | ||||
T&D Holdings, Inc. (Japan) | 2,400 | 42,314 | ||||
Talanx AG (Germany) | 81 | 6,828 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Insurance (cont’d.) | ||||||
Travelers Cos., Inc. (The) | 6,435 | $1,506,562 | ||||
W.R. Berkley Corp. | 8,700 | 493,551 | ||||
Willis Towers Watson PLC | 2,940 | 865,918 | ||||
29,211,718 | ||||||
Interactive Media & Services — 3.1% | ||||||
Alphabet, Inc. (Class A Stock) | 162,300 | 26,917,455 | ||||
Alphabet, Inc. (Class C Stock) | 133,060 | 22,246,301 | ||||
Auto Trader Group PLC (United Kingdom), 144A | 2,463 | 28,633 | ||||
Match Group, Inc.* | 7,600 | 287,584 | ||||
Meta Platforms, Inc. (Class A Stock) | 60,530 | 34,649,793 | ||||
84,129,766 | ||||||
IT Services — 0.6% | ||||||
Accenture PLC (Ireland) (Class A Stock) | 17,300 | 6,115,204 | ||||
Akamai Technologies, Inc.* | 4,200 | 423,990 | ||||
Cognizant Technology Solutions Corp. (Class A Stock) | 13,700 | 1,057,366 | ||||
EPAM Systems, Inc.* | 1,540 | 306,506 | ||||
Gartner, Inc.* | 2,120 | 1,074,331 | ||||
GoDaddy, Inc. (Class A Stock)* | 3,900 | 611,442 | ||||
International Business Machines Corp. | 25,500 | 5,637,540 | ||||
NEC Corp. (Japan) | 100 | 9,657 | ||||
VeriSign, Inc.* | 2,300 | 436,908 | ||||
Wix.com Ltd. (Israel)* | 600 | 100,302 | ||||
15,773,246 | ||||||
Leisure Products — 0.0% | ||||||
Bandai Namco Holdings, Inc. (Japan) | 4,100 | 93,555 | ||||
Hasbro, Inc. | 3,600 | 260,352 | ||||
Tomy Co. Ltd. (Japan) | 500 | 13,713 | ||||
367,620 | ||||||
Life Sciences Tools & Services — 0.6% | ||||||
Agilent Technologies, Inc. | 8,114 | 1,204,767 | ||||
Bio-Techne Corp. | 4,400 | 351,692 | ||||
Charles River Laboratories International, Inc.* | 1,360 | 267,879 | ||||
Danaher Corp. | 17,800 | 4,948,756 | ||||
IQVIA Holdings, Inc.* | 4,800 | 1,137,456 | ||||
Mettler-Toledo International, Inc.* | 590 | 884,823 | ||||
Revvity, Inc. | 3,400 | 434,350 | ||||
Thermo Fisher Scientific, Inc. | 10,580 | 6,544,470 | ||||
Waters Corp.*(a) | 1,600 | 575,824 | ||||
West Pharmaceutical Services, Inc. | 2,000 | 600,320 | ||||
16,950,337 | ||||||
Machinery — 0.9% | ||||||
Alfa Laval AB (Sweden) | 210 | 10,096 | ||||
Atlas Copco AB (Sweden) (Class A Stock) | 790 | 15,311 | ||||
Atlas Copco AB (Sweden) (Class B Stock) | 1,156 | 19,834 | ||||
Caterpillar, Inc. | 13,400 | 5,241,008 | ||||
Cummins, Inc. | 3,750 | 1,214,212 |
A6
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2024 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Machinery (cont’d.) | ||||||
Deere & Co. | 7,040 | $2,938,003 | ||||
Dover Corp. | 3,800 | 728,612 | ||||
FANUC Corp. (Japan) | 2,000 | 58,741 | ||||
Fortive Corp. | 9,950 | 785,354 | ||||
GEA Group AG (Germany) | 349 | 17,117 | ||||
IDEX Corp. | 2,110 | 452,595 | ||||
Illinois Tool Works, Inc. | 7,600 | 1,991,732 | ||||
Indutrade AB (Sweden) | 220 | 6,846 | ||||
Ingersoll Rand, Inc. | 11,200 | 1,099,392 | ||||
Knorr-Bremse AG (Germany) | 75 | 6,683 | ||||
Makita Corp. (Japan) | 1,000 | 33,782 | ||||
Namura Shipbuilding Co. Ltd. (Japan) | 800 | 7,990 | ||||
Nordson Corp. | 1,500 | 393,945 | ||||
Otis Worldwide Corp. | 11,101 | 1,153,838 | ||||
PACCAR, Inc. | 14,514 | 1,432,242 | ||||
Parker-Hannifin Corp. | 3,565 | 2,252,438 | ||||
Pentair PLC | 4,577 | 447,585 | ||||
Rational AG (Germany) | 25 | 25,524 | ||||
Schindler Holding AG (Switzerland) (Part. Cert.) | 31 | 9,099 | ||||
SKF AB (Sweden) (Class B Stock) | 2,157 | 42,965 | ||||
Snap-on, Inc. | 1,500 | 434,565 | ||||
Stanley Black & Decker, Inc. | 4,247 | 467,722 | ||||
Trelleborg AB (Sweden) (Class B Stock) | 182 | 7,005 | ||||
Volvo AB (Sweden) (Class B Stock) | 4,831 | 127,791 | ||||
Wartsila OYJ Abp (Finland) | 784 | 17,543 | ||||
Westinghouse Air Brake Technologies Corp. | 4,851 | 881,766 | ||||
Xylem, Inc. | 6,800 | 918,204 | ||||
23,239,540 | ||||||
Marine Transportation — 0.0% | ||||||
Kawasaki Kisen Kaisha Ltd. (Japan) | 6,000 | 93,537 | ||||
Media — 0.3% | ||||||
Charter Communications, Inc. (Class A Stock)*(a) | 2,660 | 862,053 | ||||
Comcast Corp. (Class A Stock) | 106,980 | 4,468,555 | ||||
Fox Corp. (Class A Stock)(a) | 6,500 | 275,145 | ||||
Fox Corp. (Class B Stock) | 3,733 | 144,840 | ||||
Interpublic Group of Cos., Inc. (The)(a) | 10,731 | 339,421 | ||||
News Corp. (Class A Stock) | 10,875 | 289,601 | ||||
News Corp. (Class B Stock)(a) | 3,500 | 97,825 | ||||
Omnicom Group, Inc.(a) | 5,400 | 558,306 | ||||
Paramount Global (Class B Stock)(a) | 14,030 | 148,999 | ||||
Publicis Groupe SA (France) | 1,162 | 127,165 | ||||
7,311,910 | ||||||
Metals & Mining — 0.2% | ||||||
BHP Group Ltd. (Australia) | 6,520 | 202,421 | ||||
Boliden AB (Sweden) | 184 | 6,245 | ||||
Fortescue Ltd. (Australia) | 2,440 | 34,415 | ||||
Freeport-McMoRan, Inc. | 39,788 | 1,986,217 | ||||
JFE Holdings, Inc. (Japan) | 1,600 | 21,511 | ||||
Mitsui Mining & Smelting Co. Ltd. (Japan) | 300 | 10,268 | ||||
Newmont Corp. | 31,800 | 1,699,710 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Metals & Mining (cont’d.) | ||||||
Nippon Steel Corp. (Japan) | 800 | $17,930 | ||||
Northern Star Resources Ltd. (Australia) | 2,631 | 28,820 | ||||
Nucor Corp. | 6,500 | 977,210 | ||||
Rio Tinto Ltd. (Australia) | 275 | 24,322 | ||||
Rio Tinto PLC (Australia) | 1,551 | 110,102 | ||||
Steel Dynamics, Inc. | 4,150 | 523,232 | ||||
5,642,403 | ||||||
Multi-Utilities — 0.3% | ||||||
AGL Energy Ltd. (Australia) | 1,938 | 15,834 | ||||
Ameren Corp. | 7,500 | 655,950 | ||||
CenterPoint Energy, Inc. | 18,100 | 532,502 | ||||
Centrica PLC (United Kingdom) | 54,965 | 85,973 | ||||
CMS Energy Corp. | 8,400 | 593,292 | ||||
Consolidated Edison, Inc. | 9,800 | 1,020,474 | ||||
Dominion Energy, Inc. | 24,415 | 1,410,943 | ||||
DTE Energy Co. | 5,700 | 731,937 | ||||
E.ON SE (Germany) | 1,829 | 27,237 | ||||
Engie SA (France) | 5,890 | 101,851 | ||||
NiSource, Inc. | 12,400 | 429,660 | ||||
Public Service Enterprise Group, Inc. | 13,800 | 1,231,098 | ||||
Sembcorp Industries Ltd. (Singapore) | 2,000 | 8,598 | ||||
Sempra | 17,538 | 1,466,703 | ||||
WEC Energy Group, Inc.(a) | 9,113 | 876,488 | ||||
9,188,540 | ||||||
Office REITs — 0.0% | ||||||
BXP, Inc. | 4,000 | 321,840 | ||||
Gecina SA (France) | 44 | 5,066 | ||||
326,906 | ||||||
Oil, Gas & Consumable Fuels — 1.5% | ||||||
APA Corp. | 11,014 | 269,402 | ||||
Chevron Corp. | 47,122 | 6,939,657 | ||||
ConocoPhillips | 32,119 | 3,381,488 | ||||
Coterra Energy, Inc. | 20,700 | 495,765 | ||||
Devon Energy Corp. | 17,900 | 700,248 | ||||
Diamondback Energy, Inc. | 5,100 | 879,240 | ||||
ENEOS Holdings, Inc. (Japan) | 3,500 | 19,163 | ||||
EOG Resources, Inc. | 15,900 | 1,954,587 | ||||
EQT Corp. | 16,100 | 589,904 | ||||
Exxon Mobil Corp. | 123,114 | 14,431,423 | ||||
Hess Corp. | 7,800 | 1,059,240 | ||||
Idemitsu Kosan Co. Ltd. (Japan) | 9,800 | 71,063 | ||||
Inpex Corp. (Japan) | 6,700 | 90,710 | ||||
Kinder Morgan, Inc. | 53,398 | 1,179,562 | ||||
Marathon Oil Corp. | 16,182 | 430,927 | ||||
Marathon Petroleum Corp. | 9,319 | 1,518,158 | ||||
Occidental Petroleum Corp. | 18,904 | 974,312 | ||||
ONEOK, Inc. | 16,200 | 1,476,306 | ||||
Phillips 66 | 11,738 | 1,542,960 | ||||
Shell PLC | 5,437 | 176,386 | ||||
Targa Resources Corp. | 6,200 | 917,662 | ||||
TotalEnergies SE (France) | 3,179 | 206,430 | ||||
Valero Energy Corp. | 9,000 | 1,215,270 |
A7
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2024 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Oil, Gas & Consumable Fuels (cont’d.) | ||||||
Williams Cos., Inc. (The) | 34,200 | $1,561,230 | ||||
42,081,093 | ||||||
Paper & Forest Products — 0.0% | ||||||
Mondi PLC (Austria) | 392 | 7,478 | ||||
Passenger Airlines — 0.1% | ||||||
ANA Holdings, Inc. (Japan) | 1,000 | 21,413 | ||||
Delta Air Lines, Inc. | 18,000 | 914,220 | ||||
Singapore Airlines Ltd. (Singapore) | 4,300 | 22,699 | ||||
Southwest Airlines Co.(a) | 17,200 | 509,636 | ||||
United Airlines Holdings, Inc.* | 9,200 | 524,952 | ||||
1,992,920 | ||||||
Personal Care Products — 0.1% | ||||||
Estee Lauder Cos., Inc. (The) (Class A Stock) | 6,700 | 667,923 | ||||
Kenvue, Inc. | 55,100 | 1,274,463 | ||||
Unilever PLC (United Kingdom) | 3,502 | 227,046 | ||||
2,169,432 | ||||||
Pharmaceuticals — 1.9% | ||||||
AstraZeneca PLC (United Kingdom) | 958 | 149,243 | ||||
Bristol-Myers Squibb Co. | 56,170 | 2,906,236 | ||||
Catalent, Inc.* | 5,000 | 302,850 | ||||
Daiichi Sankyo Co. Ltd. (Japan) | 2,600 | 85,884 | ||||
Eli Lilly & Co. | 21,860 | 19,366,648 | ||||
GSK PLC | 7,842 | 159,671 | ||||
Hikma Pharmaceuticals PLC (Jordan) | 1,247 | 31,910 | ||||
Johnson & Johnson | 67,208 | 10,891,729 | ||||
Kyowa Kirin Co. Ltd. (Japan) | 1,900 | 33,529 | ||||
Merck & Co., Inc. | 70,233 | 7,975,660 | ||||
Merck KGaA (Germany) | 114 | 20,125 | ||||
Novartis AG (Switzerland) | 2,600 | 299,370 | ||||
Novo Nordisk A/S (Denmark) (Class B Stock) | 3,456 | 409,921 | ||||
Orion OYJ (Finland) (Class B Stock) | 550 | 30,137 | ||||
Otsuka Holdings Co. Ltd. (Japan) | 700 | 39,759 | ||||
Pfizer, Inc. | 156,970 | 4,542,712 | ||||
Roche Holding AG | 816 | 261,134 | ||||
Sanofi SA | 1,002 | 115,370 | ||||
Shionogi & Co. Ltd. (Japan) | 7,500 | 107,506 | ||||
Teva Pharmaceutical Industries Ltd. (Israel), ADR* | 500 | 9,010 | ||||
Viatris, Inc. | 33,086 | 384,128 | ||||
Zoetis, Inc. | 12,500 | 2,442,250 | ||||
50,564,782 | ||||||
Professional Services — 0.3% | ||||||
Amentum Holdings, Inc.* | 3,700 | 119,325 | ||||
Automatic Data Processing, Inc. | 11,500 | 3,182,395 | ||||
Broadridge Financial Solutions, Inc. | 3,200 | 688,096 | ||||
Bureau Veritas SA (France) | 279 | 9,256 | ||||
Computershare Ltd. (Australia) | 2,490 | 43,408 | ||||
Dayforce, Inc.*(a) | 4,550 | 278,687 | ||||
Equifax, Inc. | 3,400 | 999,124 | ||||
Jacobs Solutions, Inc. | 3,400 | 445,060 | ||||
Leidos Holdings, Inc. | 3,700 | 603,100 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Professional Services (cont’d.) | ||||||
Paychex, Inc.(a) | 9,100 | $1,221,129 | ||||
Paycom Software, Inc.(a) | 1,320 | 219,872 | ||||
Recruit Holdings Co. Ltd. (Japan) | 1,100 | 66,828 | ||||
Teleperformance SE (France) | 50 | 5,173 | ||||
Verisk Analytics, Inc. | 4,200 | 1,125,432 | ||||
Wolters Kluwer NV (Netherlands) | 198 | 33,397 | ||||
9,040,282 | ||||||
Real Estate Management & Development — 0.1% | ||||||
CBRE Group, Inc. (Class A Stock)* | 8,400 | 1,045,632 | ||||
CoStar Group, Inc.* | 11,500 | 867,560 | ||||
Daito Trust Construction Co. Ltd. (Japan) | 400 | 48,722 | ||||
Daiwa House Industry Co. Ltd. (Japan) | 1,000 | 31,476 | ||||
LEG Immobilien SE (Germany) | 289 | 30,257 | ||||
Vonovia SE (Germany) | 801 | 29,242 | ||||
2,052,889 | ||||||
Residential REITs — 0.1% | ||||||
AvalonBay Communities, Inc. | 3,875 | 872,844 | ||||
Camden Property Trust | 2,900 | 358,237 | ||||
Equity Residential | 9,400 | 699,924 | ||||
Essex Property Trust, Inc. | 1,750 | 516,985 | ||||
Invitation Homes, Inc.(a) | 15,800 | 557,108 | ||||
Mid-America Apartment Communities, Inc. | 3,200 | 508,480 | ||||
UDR, Inc. | 8,700 | 394,458 | ||||
3,908,036 | ||||||
Retail REITs — 0.2% | ||||||
Federal Realty Investment Trust | 2,100 | 241,437 | ||||
Kimco Realty Corp. | 19,200 | 445,824 | ||||
Klepierre SA (France) | 2,277 | 74,608 | ||||
Realty Income Corp. | 25,000 | 1,585,500 | ||||
Regency Centers Corp. | 4,700 | 339,481 | ||||
Scentre Group (Australia) | 3,778 | 9,498 | ||||
Simon Property Group, Inc. | 8,593 | 1,452,389 | ||||
Unibail-Rodamco-Westfield (France) | 151 | 13,225 | ||||
Vicinity Ltd. (Australia) | 29,154 | 44,420 | ||||
4,206,382 | ||||||
Semiconductors & Semiconductor Equipment — 5.5% | ||||||
Advanced Micro Devices, Inc.* | 44,799 | 7,350,620 | ||||
Advantest Corp. (Japan) | 700 | 32,922 | ||||
Analog Devices, Inc. | 13,747 | 3,164,147 | ||||
Applied Materials, Inc. | 22,900 | 4,626,945 | ||||
ASM International NV (Netherlands) | 132 | 87,088 | ||||
ASML Holding NV (Netherlands) | 461 | 383,488 | ||||
Broadcom, Inc. | 128,900 | 22,235,250 | ||||
Enphase Energy, Inc.* | 3,700 | 418,174 | ||||
First Solar, Inc.* | 2,900 | 723,376 | ||||
Intel Corp. | 118,200 | 2,772,972 | ||||
KLA Corp. | 3,710 | 2,873,061 | ||||
Lam Research Corp. | 3,610 | 2,946,049 | ||||
Lasertec Corp. (Japan) | 300 | 50,018 | ||||
Microchip Technology, Inc. | 15,000 | 1,204,350 | ||||
Micron Technology, Inc. | 30,700 | 3,183,897 |
A8
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2024 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Semiconductors & Semiconductor Equipment (cont’d.) | ||||||
Monolithic Power Systems, Inc. | 1,320 | $1,220,340 | ||||
NVIDIA Corp. | 681,600 | 82,773,504 | ||||
NXP Semiconductors NV (China) | 7,000 | 1,680,070 | ||||
ON Semiconductor Corp.* | 11,800 | 856,798 | ||||
Qorvo, Inc.* | 2,807 | 289,963 | ||||
QUALCOMM, Inc. | 30,800 | 5,237,540 | ||||
SCREEN Holdings Co. Ltd. (Japan) | 200 | 14,064 | ||||
Skyworks Solutions, Inc. | 4,500 | 444,465 | ||||
Teradyne, Inc. | 4,600 | 616,078 | ||||
Texas Instruments, Inc. | 25,300 | 5,226,221 | ||||
Tokyo Electron Ltd. (Japan) | 400 | 71,334 | ||||
150,482,734 | ||||||
Software — 5.1% | ||||||
Adobe, Inc.* | 12,280 | 6,358,338 | ||||
ANSYS, Inc.* | 2,400 | 764,712 | ||||
Autodesk, Inc.* | 6,000 | 1,652,880 | ||||
Cadence Design Systems, Inc.* | 7,600 | 2,059,828 | ||||
Crowdstrike Holdings, Inc. (Class A Stock)* | 6,400 | 1,795,008 | ||||
Fair Isaac Corp.* | 680 | 1,321,594 | ||||
Fortinet, Inc.* | 17,600 | 1,364,880 | ||||
Gen Digital, Inc. | 15,878 | 435,534 | ||||
Intuit, Inc. | 7,740 | 4,806,540 | ||||
Microsoft Corp. | 205,920 | 88,607,376 | ||||
Monday.com Ltd.* | 100 | 27,777 | ||||
Nemetschek SE (Germany) | 213 | 22,139 | ||||
Nice Ltd. (Israel)* | 115 | 19,994 | ||||
Oracle Corp. | 44,250 | 7,540,200 | ||||
Palantir Technologies, Inc. (Class A Stock)* | 56,600 | 2,105,520 | ||||
Palo Alto Networks, Inc.* | 8,900 | 3,042,020 | ||||
PTC, Inc.* | 3,200 | 578,112 | ||||
Roper Technologies, Inc. | 3,020 | 1,680,449 | ||||
Salesforce, Inc. | 26,850 | 7,349,113 | ||||
SAP SE (Germany) | 627 | 143,415 | ||||
ServiceNow, Inc.* | 5,710 | 5,106,967 | ||||
Synopsys, Inc.* | 4,240 | 2,147,094 | ||||
Tyler Technologies, Inc.* | 1,110 | 647,929 | ||||
WiseTech Global Ltd. (Australia) | 765 | 72,443 | ||||
Xero Ltd. (New Zealand)* | 334 | 34,524 | ||||
139,684,386 | ||||||
Specialized REITs — 0.5% | ||||||
American Tower Corp. | 12,960 | 3,013,978 | ||||
Crown Castle, Inc. | 12,000 | 1,423,560 | ||||
Digital Realty Trust, Inc. | 8,400 | 1,359,372 | ||||
Equinix, Inc. | 2,624 | 2,329,141 | ||||
Extra Space Storage, Inc. | 5,800 | 1,045,102 | ||||
Iron Mountain, Inc. | 8,202 | 974,644 | ||||
Public Storage | 4,220 | 1,535,531 | ||||
SBA Communications Corp. | 2,900 | 698,030 | ||||
VICI Properties, Inc.(a) | 29,800 | 992,638 | ||||
Weyerhaeuser Co. | 20,418 | 691,353 | ||||
14,063,349 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Specialty Retail — 1.0% | ||||||
AutoZone, Inc.* | 470 | $1,480,519 | ||||
Avolta AG (Switzerland)* | 147 | 6,222 | ||||
Best Buy Co., Inc.(a) | 5,575 | 575,898 | ||||
CarMax, Inc.* | 4,300 | 332,734 | ||||
Home Depot, Inc. (The) | 27,650 | 11,203,780 | ||||
Industria de Diseno Textil SA (Spain) | 3,031 | 179,515 | ||||
JB Hi-Fi Ltd. (Australia) | 135 | 7,430 | ||||
Lowe’s Cos., Inc. | 16,000 | 4,333,600 | ||||
O’Reilly Automotive, Inc.* | 1,600 | 1,842,560 | ||||
Ross Stores, Inc. | 9,300 | 1,399,743 | ||||
TJX Cos., Inc. (The) | 32,100 | 3,773,034 | ||||
Tractor Supply Co. | 2,900 | 843,697 | ||||
Ulta Beauty, Inc.* | 1,220 | 474,726 | ||||
Zalando SE (Germany), 144A* | 1,167 | 38,572 | ||||
26,492,030 | ||||||
Technology Hardware, Storage & Peripherals — 3.8% | ||||||
Apple, Inc. | 421,240 | 98,148,920 | ||||
Canon, Inc. (Japan) | 900 | 29,642 | ||||
Dell Technologies, Inc. (Class C Stock) | 8,000 | 948,320 | ||||
FUJIFILM Holdings Corp. (Japan) | 400 | 10,355 | ||||
Hewlett Packard Enterprise Co. | 35,948 | 735,496 | ||||
HP, Inc. | 27,448 | 984,559 | ||||
Logitech International SA (Switzerland) | 1,175 | 105,234 | ||||
NetApp, Inc. | 5,900 | 728,709 | ||||
Seagate Technology Holdings PLC(a) | 5,900 | 646,227 | ||||
Super Micro Computer, Inc.*(a) | 1,400 | 582,960 | ||||
Western Digital Corp.* | 9,203 | 628,473 | ||||
103,548,895 | ||||||
Textiles, Apparel & Luxury Goods — 0.2% | ||||||
adidas AG (Germany) | 292 | 77,376 | ||||
Asics Corp. (Japan) | 6,400 | 134,452 | ||||
Deckers Outdoor Corp.* | 4,120 | 656,934 | ||||
Lululemon Athletica, Inc.* | 3,100 | 841,185 | ||||
LVMH Moet Hennessy Louis Vuitton SE (France) | 107 | 82,056 | ||||
NIKE, Inc. (Class B Stock) | 33,300 | 2,943,720 | ||||
Pandora A/S (Denmark) | 325 | 53,566 | ||||
Ralph Lauren Corp. | 1,000 | 193,870 | ||||
Tapestry, Inc. | 6,800 | 319,464 | ||||
5,302,623 | ||||||
Tobacco — 0.3% | ||||||
Altria Group, Inc. | 47,200 | 2,409,088 | ||||
British American Tobacco PLC (United Kingdom) | 2,486 | 90,635 | ||||
Imperial Brands PLC (United Kingdom) | 4,185 | 121,738 | ||||
Japan Tobacco, Inc. (Japan) | 400 | 11,663 | ||||
Philip Morris International, Inc. | 43,100 | 5,232,340 | ||||
7,865,464 | ||||||
Trading Companies & Distributors — 0.2% | ||||||
AerCap Holdings NV (Ireland) | 600 | 56,832 | ||||
Fastenal Co. | 16,200 | 1,157,004 | ||||
Mitsui & Co. Ltd. (Japan) | 4,300 | 96,165 | ||||
Rexel SA (France) | 231 | 6,696 |
A9
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2024 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Trading Companies & Distributors (cont’d.) | ||||||
United Rentals, Inc. | 1,840 | $1,489,903 | ||||
W.W. Grainger, Inc. | 1,250 | 1,298,513 | ||||
4,105,113 | ||||||
Transportation Infrastructure — 0.0% | ||||||
Aena SME SA (Spain), 144A | 55 | 12,082 | ||||
Aeroports de Paris SA (France) | 46 | 5,908 | ||||
17,990 | ||||||
Water Utilities — 0.0% | ||||||
American Water Works Co., Inc. | 5,700 | 833,568 | ||||
Wireless Telecommunication Services — 0.1% | ||||||
KDDI Corp. (Japan) | 200 | 6,408 | ||||
Tele2 AB (Sweden) (Class B Stock) | 693 | 7,838 | ||||
T-Mobile US, Inc. | 13,700 | 2,827,132 | ||||
Vodafone Group PLC (United Kingdom) | 18,696 | 18,737 | ||||
2,860,115 | ||||||
Total Common Stocks (cost $253,401,262) | 1,365,650,836 | |||||
Preferred Stocks — 0.0% | ||||||
Automobiles — 0.0% | ||||||
Porsche Automobil Holding SE (Germany) (PRFC) | 138 | 6,323 | ||||
Banks — 0.0% | ||||||
Citigroup Capital XIII, 11.887%(c), 3 Month SOFR + 6.632%, Maturing 10/30/40 | 20,000 | 597,400 | ||||
Capital Markets — 0.0% | ||||||
State Street Corp., 5.350%(ff), Series G, Maturing 03/15/26(oo)(a) | 20,000 | 493,400 | ||||
Household Products — 0.0% | ||||||
Henkel AG & Co. KGaA (Germany) (PRFC) | 1,191 | 111,954 | ||||
Total Preferred Stocks (cost $1,100,918) | 1,209,077 | |||||
Unaffiliated Exchange-Traded Funds — 0.6% | ||||||
iShares Core S&P 500 ETF | 27,700 | 15,977,914 | ||||
iShares MSCI EAFE ETF | 459 | 38,386 | ||||
Total Unaffiliated Exchange-Traded Funds (cost $9,792,429) | 16,016,300 |
Interest Rate | Maturity Date | Principal Amount (000)# | ||||
Asset-Backed Securities — 8.2% | ||||||
Automobiles — 1.9% | ||||||
AmeriCredit Automobile Receivables Trust, | ||||||
Series 2021-02, Class C | ||||||
1.010% | 01/19/27 | 900 | 872,885 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Automobiles (cont’d.) | |||||||
Series 2021-03, Class C | |||||||
1.410% | 08/18/27 | 900 | $861,147 | ||||
ARI Fleet Lease Trust, | |||||||
Series 2024-A, Class A2, 144A | |||||||
5.300% | 11/15/32 | 1,000 | 1,007,145 | ||||
Avis Budget Rental Car Funding AESOP LLC, | |||||||
Series 2021-01A, Class A, 144A | |||||||
1.380% | 08/20/27 | 2,400 | 2,275,503 | ||||
Series 2021-02A, Class A, 144A | |||||||
1.660% | 02/20/28 | 2,600 | 2,447,745 | ||||
Series 2022-01A, Class A, 144A | |||||||
3.830% | 08/21/28 | 2,900 | 2,847,761 | ||||
Series 2023-02A, Class A, 144A | |||||||
5.200% | 10/20/27 | 1,100 | 1,113,129 | ||||
Series 2024-01A, Class A, 144A | |||||||
5.360% | 06/20/30 | 1,100 | 1,130,535 | ||||
Series 2024-03A, Class A, 144A | |||||||
5.230% | 12/20/30 | 400 | 410,489 | ||||
BOF VII AL Funding Trust I, | |||||||
Series 2023-CAR03, Class A2, 144A | |||||||
6.291% | 07/26/32 | 1,256 | 1,279,325 | ||||
Series 2023-CAR03, Class B, 144A | |||||||
6.632% | 07/26/32 | 457 | 465,137 | ||||
CarMax Auto Owner Trust, | |||||||
Series 2021-02, Class C | |||||||
1.340% | 02/16/27 | 800 | 781,496 | ||||
Series 2021-04, Class C | |||||||
1.380% | 07/15/27 | 600 | 576,018 | ||||
Chesapeake Funding II LLC, | |||||||
Series 2024-01A, Class A1, 144A | |||||||
5.520% | 05/15/36 | 907 | 917,692 | ||||
Ford Credit Auto Owner Trust, | |||||||
Series 2020-02, Class A, 144A | |||||||
1.060% | 04/15/33 | 900 | 868,548 | ||||
Series 2021-02, Class B, 144A | |||||||
1.910% | 05/15/34 | 400 | 378,724 | ||||
Series 2023-01, Class A, 144A | |||||||
4.850% | 08/15/35 | 2,700 | 2,749,824 | ||||
Series 2023-02, Class A, 144A | |||||||
5.280% | 02/15/36 | 1,800 | 1,862,060 | ||||
Series 2024-01, Class A, 144A | |||||||
4.870% | 08/15/36 | 3,700 | 3,777,788 | ||||
GM Financial Revolving Receivables Trust, | |||||||
Series 2021-01, Class B, 144A | |||||||
1.490% | 06/12/34 | 200 | 187,981 | ||||
Series 2024-01, Class A, 144A | |||||||
4.980% | 12/11/36 | 500 | 513,315 | ||||
Hertz Vehicle Financing III LLC, | |||||||
Series 2023-01A, Class A, 144A | |||||||
5.490% | 06/25/27 | 2,500 | 2,526,019 | ||||
Hertz Vehicle Financing III LP, | |||||||
Series 2021-02A, Class A, 144A | |||||||
1.680% | 12/27/27 | 1,300 | 1,224,242 | ||||
Hertz Vehicle Financing LLC, | |||||||
Series 2022-02A, Class A, 144A | |||||||
2.330% | 06/26/28 | 3,300 | 3,110,212 |
A10
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 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 | 2,244 | $2,228,130 | ||||
Series 2021-01A, Class B, 144A | |||||||
1.260% | 07/14/28 | 1,800 | 1,725,616 | ||||
Series 2023-01A, Class A, 144A | |||||||
5.410% | 11/14/29 | 3,200 | 3,259,809 | ||||
Santander Drive Auto Receivables Trust, | |||||||
Series 2021-02, Class D | |||||||
1.350% | 07/15/27 | 954 | 939,141 | ||||
Series 2022-01, Class C | |||||||
2.560% | 04/17/28 | 698 | 694,128 | ||||
Series 2023-01, Class C | |||||||
5.090% | 05/15/30 | 600 | 605,324 | ||||
Series 2023-03, Class C | |||||||
5.770% | 11/15/30 | 900 | 925,623 | ||||
Series 2023-04, Class C | |||||||
6.040% | 12/15/31 | 1,600 | 1,653,002 | ||||
Series 2024-02, Class C | |||||||
5.840% | 06/17/30 | 500 | 516,855 | ||||
SFS Auto Receivables Securitization Trust, | |||||||
Series 2023-01A, Class B, 144A | |||||||
5.710% | 01/22/30 | 200 | 206,562 | ||||
Series 2023-01A, Class C, 144A | |||||||
5.970% | 02/20/31 | 300 | 310,874 | ||||
Wheels Fleet Lease Funding LLC, | |||||||
Series 2023-01A, Class A, 144A | |||||||
5.800% | 04/18/38 | 2,313 | 2,330,744 | ||||
Series 2024-01A, Class A1, 144A | |||||||
5.490% | 02/18/39 | 1,500 | 1,522,643 | ||||
World Omni Select Auto Trust, | |||||||
Series 2021-A, Class C | |||||||
1.090% | 11/15/27 | 400 | 387,198 | ||||
51,490,369 | |||||||
Collateralized Loan Obligations — 5.3% | |||||||
AGL CLO Ltd. (Cayman Islands), | |||||||
Series 2020-09A, Class AR, 144A, 3 Month SOFR + 1.530% (Cap N/A, Floor 1.530%) | |||||||
6.812%(c) | 04/20/37 | 6,750 | 6,765,335 | ||||
Anchorage Capital CLO Ltd. (Cayman Islands), | |||||||
Series 2020-15A, Class AR, 144A, 3 Month SOFR + 1.462% (Cap N/A, Floor 1.200%) | |||||||
6.744%(c) | 07/20/34 | 2,000 | 2,002,028 | ||||
Anchorage Capital Europe CLO DAC (Ireland), | |||||||
Series 06A, Class AR, 144A, 3 Month EURIBOR + 1.750% (Cap N/A, Floor 1.750%) | |||||||
5.438%(c) | 01/22/38 | EUR | 2,500 | 2,802,608 | |||
Balboa Bay Loan Funding Ltd. (Cayman Islands), | |||||||
Series 2021-01A, Class A, 144A, 3 Month SOFR + 1.462% (Cap N/A, Floor 1.462%) | |||||||
6.744%(c) | 07/20/34 | 2,500 | 2,501,615 | ||||
Battalion CLO Ltd. (Cayman Islands), | |||||||
Series 2016-10A, Class A1R2, 144A, 3 Month SOFR + 1.432% (Cap N/A, Floor 1.170%) | |||||||
6.715%(c) | 01/25/35 | 6,520 | 6,525,614 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Collateralized Loan Obligations (cont’d.) | |||||||
Benefit Street Partners CLO Ltd. (Cayman Islands), | |||||||
Series 2018-16A, Class A1R, 144A, 3 Month SOFR + 1.292% (Cap N/A, Floor 1.030%) | |||||||
6.577%(c) | 01/17/32 | 3,048 | $3,050,800 | ||||
BNPP AM Euro CLO DAC (Ireland), | |||||||
Series 2018-01A, Class AR, 144A, 3 Month EURIBOR + 0.600% (Cap N/A, Floor 0.600%) | |||||||
4.285%(c) | 04/15/31 | EUR | 1,749 | 1,935,990 | |||
Canyon Capital CLO Ltd. (Cayman Islands), | |||||||
Series 2017-01A, Class AR, 144A, 3 Month SOFR + 1.262% (Cap N/A, Floor 1.000%) | |||||||
6.563%(c) | 07/15/30 | 2,290 | 2,291,414 | ||||
Clover CLO LLC, | |||||||
Series 2018-01A, Class A1RR, 144A, 3 Month SOFR + 1.530% (Cap N/A, Floor 1.530%) | |||||||
6.854%(c) | 04/20/37 | 7,000 | 7,015,203 | ||||
CVC Cordatus Loan Fund DAC (Ireland), | |||||||
Series 14A, Class A1R, 144A, 3 Month EURIBOR + 0.850% (Cap N/A, Floor 0.850%) | |||||||
4.388%(c) | 05/22/32 | EUR | 1,718 | 1,909,038 | |||
Series 14A, Class A2R, 144A | |||||||
1.250% | 05/22/32 | EUR | 3,730 | 3,981,163 | |||
Elevation CLO Ltd. (Cayman Islands), | |||||||
Series 2021-12A, Class A1R, 144A, 3 Month SOFR + 1.620% (Cap N/A, Floor 1.620%) | |||||||
6.902%(c) | 04/20/37 | 6,750 | 6,776,195 | ||||
Elmwood CLO Ltd. (Cayman Islands), | |||||||
Series 2024-05A, Class AR1, 144A, 3 Month SOFR + 1.520% (Cap N/A, Floor 1.520%) | |||||||
6.841%(c) | 04/20/37 | 6,000 | 6,012,051 | ||||
Greenwood Park CLO Ltd. (Cayman Islands), | |||||||
Series 2018-01A, Class A2, 144A, 3 Month SOFR + 1.272% (Cap N/A, Floor 0.000%) | |||||||
6.573%(c) | 04/15/31 | 538 | 539,106 | ||||
Grosvenor Place CLO DAC (Ireland), | |||||||
Series 2022-01A, Class AR, 144A, 3 Month EURIBOR + 1.600% (Cap N/A, Floor 1.600%) | |||||||
5.141%(c) | 05/24/38 | EUR | 6,500 | 7,278,020 | |||
HPS Loan Management Ltd. (Cayman Islands), | |||||||
Series 2015-06A, Class A1R, 144A, 3 Month SOFR + 1.262% (Cap N/A, Floor 0.000%) | |||||||
6.504%(c) | 02/05/31 | 77 | 76,562 | ||||
Series 2016-10A, Class A1RR, 144A, 3 Month SOFR + 1.402% (Cap N/A, Floor 1.140%) | |||||||
6.684%(c) | 04/20/34 | 6,650 | 6,660,580 | ||||
ICG Euro CLO DAC (Ireland), | |||||||
Series 2023-02A, Class A1, 144A, 3 Month EURIBOR + 1.730% (Cap N/A, Floor 1.730%) | |||||||
5.428%(c) | 01/26/38 | EUR | 7,000 | 7,848,309 | |||
Madison Park Funding Ltd. (Cayman Islands), | |||||||
Series 2019-33A, Class AR, 144A, 3 Month SOFR + 1.290% (Cap N/A, Floor 1.290%) | |||||||
6.591%(c) | 10/15/32 | 6,000 | 6,005,288 | ||||
MidOcean Credit CLO (Cayman Islands), | |||||||
Series 2014-03A, Class A1R, 144A, 3 Month SOFR + 1.382% (Cap N/A, Floor 1.120%) | |||||||
6.664%(c) | 04/21/31 | 1,191 | 1,191,701 |
A11
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Collateralized Loan Obligations (cont’d.) | |||||||
Monument CLO DAC (Ireland), | |||||||
Series 01A, Class A, 144A, 3 Month EURIBOR + 1.590% (Cap N/A, Floor 1.590%) | |||||||
5.332%(c) | 05/15/37 | EUR | 6,750 | $7,546,460 | |||
Mountain View CLO Ltd. (Cayman Islands), | |||||||
Series 2015-09A, Class A1R, 144A, 3 Month SOFR + 1.382% (Cap N/A, Floor 0.000%) | |||||||
6.683%(c) | 07/15/31 | 1,932 | 1,931,801 | ||||
OCP CLO Ltd. (Cayman Islands), | |||||||
Series 2015-09A, Class A1R2, 144A, 3 Month SOFR + 1.250% (Cap N/A, Floor 1.250%) | |||||||
6.551%(c) | 01/15/33 | 2,500 | 2,501,977 | ||||
OFSI BSL Ltd. (Cayman Islands), | |||||||
Series 2023-12A, Class A1, 144A, 3 Month SOFR + 2.400% (Cap N/A, Floor 2.400%) | |||||||
7.682%(c) | 01/20/35 | 4,600 | 4,607,183 | ||||
OZLM Ltd. (Cayman Islands), | |||||||
Series 2015-11A, Class A1R, 144A, 3 Month SOFR + 1.512% (Cap N/A, Floor 0.000%) | |||||||
6.767%(c) | 10/30/30 | 39 | 38,973 | ||||
Palmer Square CLO Ltd. (Cayman Islands), | |||||||
Series 2015-02A, Class A1R2, 144A, 3 Month SOFR + 1.362% (Cap N/A, Floor 1.100%) | |||||||
6.644%(c) | 07/20/30 | 1,265 | 1,265,800 | ||||
Regatta Funding Ltd. (Cayman Islands), | |||||||
Series 2016-01A, Class A1R2, 144A, 3 Month SOFR + 1.412% (Cap N/A, Floor 1.150%) | |||||||
6.225%(c) | 06/20/34 | 3,750 | 3,758,788 | ||||
Series 2019-01A, Class ARR, 144A, 3 Month SOFR + 1.390% (Cap N/A, Floor 1.390%) | |||||||
0.010%(c) | 10/15/37 | 6,500 | 6,501,157 | ||||
Rockford Tower CLO Ltd. (Cayman Islands), | |||||||
Series 2023-01A, Class A, 144A, 3 Month SOFR + 1.900% (Cap N/A, Floor 1.900%) | |||||||
7.182%(c) | 01/20/36 | 3,750 | 3,774,442 | ||||
Sound Point CLO Ltd. (Cayman Islands), | |||||||
Series 2021-01A, Class A, 144A, 3 Month SOFR + 1.332% (Cap N/A, Floor 1.332%) | |||||||
6.616%(c) | 04/25/34 | 6,000 | 6,003,000 | ||||
St. Pauls CLO (Netherlands), | |||||||
Series 09A, Class A1R, 144A, 3 Month EURIBOR + 0.940% (Cap N/A, Floor 0.940%) | |||||||
4.628%(c) | 07/20/35 | EUR | 2,000 | 2,221,054 | |||
TCW CLO Ltd. (Cayman Islands), | |||||||
Series 2021-02A, Class AS, 144A, 3 Month SOFR + 1.442% (Cap N/A, Floor 1.180%) | |||||||
6.726%(c) | 07/25/34 | 4,750 | 4,751,727 | ||||
Toro European CLO DAC (Ireland), | |||||||
Series 02A, Class ARR, 144A, 3 Month EURIBOR + 0.990% (Cap N/A, Floor 0.990%) | |||||||
4.675%(c) | 07/25/34 | EUR | 3,000 | 3,332,965 | |||
Trimaran Cavu Ltd., | |||||||
Series 2019-01A, Class A1, 144A, 3 Month SOFR + 1.722% (Cap N/A, Floor 1.460%) | |||||||
7.004%(c) | 07/20/32 | 7,500 | 7,505,250 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Collateralized Loan Obligations (cont’d.) | |||||||
Trinitas CLO Ltd. (Bermuda), | |||||||
Series 2023-26A, Class A1, 144A, 3 Month SOFR + 1.690% (Cap N/A, Floor 1.690%) | |||||||
6.972%(c) | 01/20/35 | 2,400 | $2,404,022 | ||||
Wellfleet CLO Ltd. (Cayman Islands), | |||||||
Series 2018-02A, Class A1, 144A, 3 Month SOFR + 1.462% (Cap N/A, Floor 1.200%) | |||||||
6.744%(c) | 10/20/31 | 2,443 | 2,448,723 | ||||
Wellfleet CLO Ltd., | |||||||
Series 2017-03A, Class A1, 144A, 3 Month SOFR + 1.412% (Cap N/A, Floor 1.150%) | |||||||
6.697%(c) | 01/17/31 | 806 | 806,528 | ||||
144,568,470 | |||||||
Consumer Loans — 0.3% | |||||||
Affirm Asset Securitization Trust, | |||||||
Series 2024-A, Class 1A, 144A | |||||||
5.610% | 02/15/29 | 700 | 708,590 | ||||
OneMain Financial Issuance Trust, | |||||||
Series 2020-02A, Class A, 144A | |||||||
1.750% | 09/14/35 | 1,900 | 1,820,519 | ||||
Series 2021-01A, Class A2, 144A, 30 Day Average SOFR + 0.760% (Cap N/A, Floor 0.000%) | |||||||
6.102%(c) | 06/16/36 | 2,000 | 2,000,985 | ||||
Series 2023-02A, Class A1, 144A | |||||||
5.840% | 09/15/36 | 3,400 | 3,509,623 | ||||
8,039,717 | |||||||
Credit Cards — 0.3% | |||||||
NewDay Funding (United Kingdom), | |||||||
Series 2024-01A, Class A, 144A, SONIA + 1.180% (Cap N/A, Floor 0.000%) | |||||||
6.139%(c) | 03/15/32 | GBP | 3,400 | 4,567,522 | |||
NewDay Funding Master Issuer PLC (United Kingdom), | |||||||
Series 2024-02A, Class A, 144A, SONIA + 0.900% (Cap N/A, Floor 0.000%) | |||||||
5.859%(c) | 07/15/32 | GBP | 1,400 | 1,873,336 | |||
6,440,858 | |||||||
Equipment — 0.1% | |||||||
MMAF Equipment Finance LLC, | |||||||
Series 2017-B, Class A5, 144A | |||||||
2.720% | 06/15/40 | 494 | 490,368 | ||||
Series 2019-A, Class A5, 144A | |||||||
3.080% | 11/12/41 | 705 | 699,601 | ||||
Series 2019-B, Class A5, 144A | |||||||
2.290% | 11/12/41 | 1,600 | 1,553,121 | ||||
2,743,090 | |||||||
Home Equity Loans — 0.2% | |||||||
JPMorgan Mortgage Trust, | |||||||
Series 2024-HE03, Class A1, 144A, 30 Day Average SOFR + 1.200% (Cap N/A, Floor 0.000%) | |||||||
6.413%(c) | 02/25/55 | 2,100 | 2,100,000 |
A12
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Home Equity Loans (cont’d.) | |||||||
RCKT Mortgage Trust, | |||||||
Series 2024-CES01, Class A1A, 144A | |||||||
6.025%(cc) | 02/25/44 | 893 | $902,593 | ||||
Series 2024-CES03, Class A1A, 144A | |||||||
6.591%(cc) | 05/25/44 | 939 | 955,028 | ||||
Towd Point HE Trust, | |||||||
Series 2023-01, Class A1A, 144A | |||||||
6.875% | 02/25/63 | 214 | 214,049 | ||||
Towd Point Mortgage Trust, | |||||||
Series 2024-CES02, Class A1A, 144A | |||||||
6.125%(cc) | 02/25/64 | 177 | 178,933 | ||||
Series 2024-CES03, Class A1, 144A | |||||||
6.290%(cc) | 05/25/64 | 1,425 | 1,441,743 | ||||
5,792,346 | |||||||
Other — 0.0% | |||||||
Home Partners of America Trust, | |||||||
Series 2021-03, Class A, 144A | |||||||
2.200% | 01/17/41 | 522 | 473,925 | ||||
Residential Mortgage-Backed Securities — 0.0% | |||||||
TFS (Spain), | |||||||
Series 2018-03, Class A1, 1 Month EURIBOR + 3.250% | |||||||
6.856%(c) | 03/15/26^ | EUR | 643 | 550,783 | |||
Student Loans — 0.1% | |||||||
Laurel Road Prime Student Loan Trust, | |||||||
Series 2019-A, Class A2FX, 144A | |||||||
2.730% | 10/25/48 | 61 | 60,283 | ||||
Navient Private Education Refi Loan Trust, | |||||||
Series 2019-CA, Class A2, 144A | |||||||
3.130% | 02/15/68 | 297 | 290,900 | ||||
Series 2020-BA, Class A2, 144A | |||||||
2.120% | 01/15/69 | 394 | 374,419 | ||||
Pennsylvania Higher Education Assistance Agency, | |||||||
Series 2021-01A, Class A, 144A, 30 Day Average SOFR + 0.644% (Cap N/A, Floor 0.530%) | |||||||
5.925%(c) | 05/25/70 | 789 | 782,465 | ||||
SoFi Professional Loan Program LLC, | |||||||
Series 2019-A, Class A2FX, 144A | |||||||
3.690% | 06/15/48 | 259 | 254,688 | ||||
Series 2019-B, Class A2FX, 144A | |||||||
3.090% | 08/17/48 | 320 | 312,400 | ||||
Series 2019-C, Class A2FX, 144A | |||||||
2.370% | 11/16/48 | 520 | 499,711 | ||||
SoFi Professional Loan Program Trust, | |||||||
Series 2018-B, Class A2FX, 144A | |||||||
3.340% | 08/25/47 | 203 | 200,600 | ||||
Series 2020-A, Class A2FX, 144A | |||||||
2.540% | 05/15/46 | 715 | 680,385 | ||||
3,455,851 | |||||||
Total Asset-Backed Securities (cost $223,559,487) | 223,555,409 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Commercial Mortgage-Backed Securities — 4.9% | |||||||
Assurant Commercial Mortgage Trust, | |||||||
Series 2016-01A, Class AS, 144A | |||||||
3.172% | 05/15/49 | 803 | $796,227 | ||||
BANK, | |||||||
Series 2021-BN35, Class A3 | |||||||
1.717% | 06/15/64 | 3,500 | 3,015,058 | ||||
Series 2021-BN35, Class ASB | |||||||
2.067% | 06/15/64 | 2,300 | 2,099,049 | ||||
Series 2021-BN37, Class A4 | |||||||
2.370% | 11/15/64 | 3,900 | 3,378,728 | ||||
Barclays Commercial Mortgage Securities Trust, | |||||||
Series 2018-C02, Class A4 | |||||||
4.047% | 12/15/51 | 3,850 | 3,785,164 | ||||
Series 2021-C12, Class A4 | |||||||
2.421% | 11/15/54 | 4,500 | 3,964,820 | ||||
Series 2023-C19, Class A2A | |||||||
5.756% | 04/15/56 | 2,700 | 2,775,038 | ||||
Benchmark Mortgage Trust, | |||||||
Series 2018-B03, Class A4 | |||||||
3.761% | 04/10/51 | 3,579 | 3,515,037 | ||||
Series 2021-B24, Class A3 | |||||||
2.010% | 03/15/54 | 2,000 | 1,790,619 | ||||
Series 2023-B38, Class A2 | |||||||
5.626% | 04/15/56 | 3,000 | 3,052,527 | ||||
Series 2024-V07, Class A3 | |||||||
6.228%(cc) | 05/15/56 | 4,700 | 5,014,126 | ||||
BXP Trust, | |||||||
Series 2021-601L, Class A, 144A | |||||||
2.618% | 01/15/44 | 3,990 | 3,359,288 | ||||
CFCRE Commercial Mortgage Trust, | |||||||
Series 2016-C04, Class A3 | |||||||
3.014% | 05/10/58 | 1,357 | 1,328,351 | ||||
Citigroup Commercial Mortgage Trust, | |||||||
Series 2016-C01, Class A3 | |||||||
2.944% | 05/10/49 | 2,684 | 2,620,881 | ||||
Series 2017-P07, Class A3 | |||||||
3.442% | 04/14/50 | 3,564 | 3,471,882 | ||||
CSAIL Commercial Mortgage Trust, | |||||||
Series 2015-C04, Class A3 | |||||||
3.544% | 11/15/48 | 2,338 | 2,312,187 | ||||
Series 2017-C08, Class A3 | |||||||
3.127% | 06/15/50 | 3,432 | 3,284,259 | ||||
FHLMC Multifamily Structured Pass-Through Certificates, | |||||||
Series K055, Class X1, IO | |||||||
1.461%(cc) | 03/25/26 | 4,085 | 67,988 | ||||
GS Mortgage Securities Trust, | |||||||
Series 2015-GC34, Class A3 | |||||||
3.244% | 10/10/48 | 4,275 | 4,213,501 | ||||
Series 2016-GS03, Class A3 | |||||||
2.592% | 10/10/49 | 3,847 | 3,730,923 | ||||
Series 2016-GS04, Class A3 | |||||||
3.178% | 11/10/49 | 3,795 | 3,713,488 | ||||
Series 2020-GSA02, Class A4 | |||||||
1.721% | 12/12/53 | 4,150 | 3,592,590 | ||||
JPMBB Commercial Mortgage Securities Trust, | |||||||
Series 2015-C27, Class A3A1 | |||||||
2.920% | 02/15/48 | 2,622 | 2,594,479 |
A13
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Commercial Mortgage-Backed Securities (continued) | |||||||
JPMCC Commercial Mortgage Securities Trust, | |||||||
Series 2017-JP06, Class A3 | |||||||
3.109% | 07/15/50 | 2,717 | $2,640,259 | ||||
JPMDB Commercial Mortgage Securities Trust, | |||||||
Series 2016-C02, Class A3A | |||||||
2.881% | 06/15/49 | 2,419 | 2,363,579 | ||||
MHC Commercial Mortgage Trust, | |||||||
Series 2021-MHC, Class C, 144A, 1 Month SOFR + 1.465% (Cap N/A, Floor 1.351%) | |||||||
6.562%(c) | 04/15/38 | 1,804 | 1,792,312 | ||||
Morgan Stanley Capital I Trust, | |||||||
Series 2015-UBS08, Class A3 | |||||||
3.540% | 12/15/48 | 3,723 | 3,678,355 | ||||
Series 2016-BNK02, Class A3 | |||||||
2.791% | 11/15/49 | 2,000 | 1,938,697 | ||||
Series 2016-UB11, Class A3 | |||||||
2.531% | 08/15/49 | 6,152 | 5,964,874 | ||||
Series 2019-H06, Class A3 | |||||||
3.158% | 06/15/52 | 5,000 | 4,725,002 | ||||
UBS Commercial Mortgage Trust, | |||||||
Series 2017-C02, Class ASB | |||||||
3.264% | 08/15/50 | 1,330 | 1,305,874 | ||||
Series 2017-C05, Class A4 | |||||||
3.212% | 11/15/50 | 5,000 | 4,831,427 | ||||
Series 2018-C09, Class A3 | |||||||
3.854% | 03/15/51 | 1,576 | 1,541,748 | ||||
Series 2018-C14, Class A3 | |||||||
4.180% | 12/15/51 | 2,141 | 2,105,191 | ||||
Wells Fargo Commercial Mortgage Trust, | |||||||
Series 2016-NXS06, Class A3 | |||||||
2.642% | 11/15/49 | 4,500 | 4,366,595 | ||||
Series 2017-C38, Class A4 | |||||||
3.190% | 07/15/50 | 2,939 | 2,846,675 | ||||
Series 2019-C49, Class A3 | |||||||
3.749% | 03/15/52 | 7,300 | 7,192,553 | ||||
Series 2020-C58, Class A3 | |||||||
1.810% | 07/15/53 | 5,000 | 4,392,080 | ||||
Series 2021-C61, Class A3 | |||||||
2.406% | 11/15/54 | 9,000 | 7,930,463 | ||||
Series 2024-5C1, Class A3 | |||||||
5.928% | 07/15/57 | 5,200 | 5,486,029 | ||||
Total Commercial Mortgage-Backed Securities (cost $140,064,083) | 132,577,923 | ||||||
Corporate Bonds — 11.8% | |||||||
Aerospace & Defense — 0.2% | |||||||
Boeing Co. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
2.196% | 02/04/26 | 1,610 | 1,551,275 | ||||
3.300% | 03/01/35 | 1,920 | 1,541,573 | ||||
3.550% | 03/01/38 | 960 | 749,526 | ||||
3.900% | 05/01/49 | 1,500 | 1,087,394 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Aerospace & Defense (cont’d.) | |||||||
RTX Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
4.125% | 11/16/28(a) | 910 | $907,228 | ||||
5,836,996 | |||||||
Agriculture — 0.4% | |||||||
BAT Capital Corp. (United Kingdom), | |||||||
Gtd. Notes | |||||||
2.259% | 03/25/28 | 3,190 | 2,966,354 | ||||
3.557% | 08/15/27 | 360 | 352,508 | ||||
4.390% | 08/15/37 | 2,075 | 1,875,372 | ||||
6.343% | 08/02/30 | 345 | 372,816 | ||||
Philip Morris International, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
5.125% | 02/15/30 | 3,190 | 3,308,278 | ||||
Vector Group Ltd., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
5.750% | 02/01/29 | 875 | 887,730 | ||||
9,763,058 | |||||||
Airlines — 0.1% | |||||||
American Airlines 2015-1 Class A Pass-Through Trust, | |||||||
Pass-Through Certificates | |||||||
3.375% | 11/01/28 | 1,449 | 1,375,977 | ||||
Continental Airlines 2012-2 Class A Pass-Through Trust, | |||||||
Pass-Through Certificates | |||||||
4.000% | 04/29/26 | 194 | 193,324 | ||||
Southwest Airlines Co., | |||||||
Sr. Unsec’d. Notes | |||||||
2.625% | 02/10/30(a) | 1,375 | 1,244,937 | ||||
United Airlines, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.375% | 04/15/26 | 590 | 581,111 | ||||
4.625% | 04/15/29(a) | 115 | 111,112 | ||||
3,506,461 | |||||||
Apparel — 0.0% | |||||||
Wolverine World Wide, Inc., | |||||||
Gtd. Notes, 144A | |||||||
4.000% | 08/15/29 | 550 | 485,386 | ||||
Auto Manufacturers — 0.3% | |||||||
Daimler Truck Finance North America LLC (Germany), | |||||||
Gtd. Notes, 144A | |||||||
1.625% | 12/13/24 | 3,770 | 3,741,344 | ||||
Ford Motor Co., | |||||||
Sr. Unsec’d. Notes | |||||||
4.750% | 01/15/43 | 660 | 546,908 | ||||
Ford Motor Credit Co. LLC, | |||||||
Sr. Unsec’d. Notes | |||||||
2.900% | 02/16/28 | 200 | 185,530 | ||||
4.134% | 08/04/25 | 300 | 297,166 | ||||
5.850% | 05/17/27 | 475 | 483,715 | ||||
General Motors Co., | |||||||
Sr. Unsec’d. Notes | |||||||
6.600% | 04/01/36 | 585 | 630,600 |
A14
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Auto Manufacturers (cont’d.) | |||||||
General Motors Financial Co., Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.400% | 10/15/28 | 2,055 | $1,879,167 | ||||
7,764,430 | |||||||
Banks — 3.5% | |||||||
Banco Santander SA (Spain), | |||||||
Sr. Non-Preferred Notes | |||||||
1.849% | 03/25/26 | 800 | 767,698 | ||||
5.538%(ff) | 03/14/30 | 600 | 620,013 | ||||
Bank of America Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
5.288%(ff) | 04/25/34(a) | 905 | 939,660 | ||||
Sr. Unsec’d. Notes, MTN | |||||||
1.898%(ff) | 07/23/31 | 1,805 | 1,565,762 | ||||
2.496%(ff) | 02/13/31 | 5,165 | 4,677,729 | ||||
3.194%(ff) | 07/23/30 | 1,050 | 994,125 | ||||
3.824%(ff) | 01/20/28 | 615 | 608,011 | ||||
Sub. Notes, MTN | |||||||
4.000% | 01/22/25 | 1,700 | 1,693,353 | ||||
4.450% | 03/03/26 | 4,790 | 4,795,987 | ||||
Bank of America NA, | |||||||
Sub. Notes | |||||||
6.000% | 10/15/36 | 805 | 890,136 | ||||
Barclays PLC (United Kingdom), | |||||||
Sr. Unsec’d. Notes | |||||||
3.650% | 03/16/25 | 935 | 929,537 | ||||
5.690%(ff) | 03/12/30 | 2,240 | 2,329,979 | ||||
Sr. Unsec’d. Notes, MTN | |||||||
4.972%(ff) | 05/16/29 | 705 | 712,170 | ||||
BNP Paribas SA (France), | |||||||
Sr. Non-Preferred Notes, 144A | |||||||
2.219%(ff) | 06/09/26 | 480 | 470,787 | ||||
3.132%(ff) | 01/20/33 | 1,335 | 1,192,730 | ||||
Sr. Preferred Notes, 144A | |||||||
5.176%(ff) | 01/09/30 | 2,200 | 2,253,341 | ||||
Cassa Depositi e Prestiti SpA (Italy), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.875% | 04/30/29 | 1,200 | 1,257,247 | ||||
Citigroup, Inc., | |||||||
Jr. Sub. Notes, Series V | |||||||
4.700%(ff) | 01/30/25(oo) | 1,675 | 1,665,368 | ||||
Sr. Unsec’d. Notes | |||||||
2.561%(ff) | 05/01/32 | 2,100 | 1,846,241 | ||||
3.200% | 10/21/26 | 670 | 656,123 | ||||
3.700% | 01/12/26 | 1,610 | 1,599,474 | ||||
3.887%(ff) | 01/10/28 | 560 | 554,325 | ||||
4.542%(ff) | 09/19/30 | 5,280 | 5,286,859 | ||||
Sub. Notes | |||||||
4.450% | 09/29/27 | 1,485 | 1,486,205 | ||||
4.750% | 05/18/46 | 440 | 412,676 | ||||
Danske Bank A/S (Denmark), | |||||||
Sr. Non-Preferred Notes, 144A | |||||||
5.705%(ff) | 03/01/30 | 1,285 | 1,337,782 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Banks (cont’d.) | |||||||
Deutsche Bank AG (Germany), | |||||||
Sr. Non-Preferred Notes | |||||||
2.129%(ff) | 11/24/26 | 460 | $445,272 | ||||
7.146%(ff) | 07/13/27 | 500 | 520,425 | ||||
Discover Bank, | |||||||
Sr. Unsec’d. Notes | |||||||
4.250% | 03/13/26 | 595 | 592,159 | ||||
Goldman Sachs Group, Inc. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
1.542%(ff) | 09/10/27 | 2,345 | 2,222,687 | ||||
3.750% | 02/25/26 | 1,165 | 1,157,431 | ||||
3.814%(ff) | 04/23/29 | 440 | 431,345 | ||||
3.850% | 01/26/27 | 2,625 | 2,600,961 | ||||
Sub. Notes | |||||||
6.750% | 10/01/37 | 225 | 259,034 | ||||
Huntington Bancshares, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
6.208%(ff) | 08/21/29 | 395 | 417,838 | ||||
JPMorgan Chase & Co., | |||||||
Jr. Sub. Notes, Series HH | |||||||
4.600%(ff) | 02/01/25(oo) | 1,245 | 1,237,398 | ||||
Jr. Sub. Notes, Series II | |||||||
4.000%(ff) | 04/01/25(oo) | 230 | 227,384 | ||||
Sr. Unsec’d. Notes | |||||||
2.580%(ff) | 04/22/32(a) | 1,585 | 1,413,384 | ||||
3.782%(ff) | 02/01/28 | 270 | 267,046 | ||||
3.964%(ff) | 11/15/48 | 2,240 | 1,934,265 | ||||
4.005%(ff) | 04/23/29 | 1,360 | 1,345,316 | ||||
5.299%(ff) | 07/24/29 | 4,890 | 5,058,801 | ||||
KeyCorp, | |||||||
Sr. Unsec’d. Notes | |||||||
6.401%(ff) | 03/06/35 | 475 | 516,162 | ||||
Mitsubishi UFJ Financial Group, Inc. (Japan), | |||||||
Sr. Unsec’d. Notes | |||||||
5.242%(ff) | 04/19/29 | 1,740 | 1,791,368 | ||||
Morgan Stanley, | |||||||
Sr. Unsec’d. Notes | |||||||
5.449%(ff) | 07/20/29 | 1,855 | 1,926,529 | ||||
6.407%(ff) | 11/01/29 | 3,220 | 3,460,434 | ||||
Sr. Unsec’d. Notes, GMTN | |||||||
2.239%(ff) | 07/21/32 | 2,770 | 2,383,340 | ||||
3.875% | 01/27/26 | 550 | 547,615 | ||||
4.431%(ff) | 01/23/30 | 455 | 456,046 | ||||
Sr. Unsec’d. Notes, MTN | |||||||
1.928%(ff) | 04/28/32 | 775 | 657,274 | ||||
3.591%(ff)(cc) | 07/22/28 | 1,030 | 1,008,923 | ||||
Sub. Notes, GMTN | |||||||
4.350% | 09/08/26 | 3,050 | 3,056,833 | ||||
Societe Generale SA (France), | |||||||
Sr. Non-Preferred Notes, 144A | |||||||
1.488%(ff) | 12/14/26 | 3,200 | 3,065,391 | ||||
Truist Financial Corp., | |||||||
Sr. Unsec’d. Notes, MTN | |||||||
7.161%(ff) | 10/30/29 | 745 | 817,050 |
A15
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Banks (cont’d.) | |||||||
UBS Group AG (Switzerland), | |||||||
Sr. Unsec’d. Notes | |||||||
4.550% | 04/17/26 | 3,000 | $3,007,333 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
1.364%(ff) | 01/30/27 | 2,250 | 2,153,203 | ||||
2.193%(ff) | 06/05/26 | 1,100 | 1,080,750 | ||||
3.091%(ff) | 05/14/32 | 560 | 504,831 | ||||
4.282% | 01/09/28 | 980 | 972,838 | ||||
Wells Fargo & Co., | |||||||
Sr. Unsec’d. Notes | |||||||
5.389%(ff) | 04/24/34 | 1,635 | 1,696,066 | ||||
6.491%(ff) | 10/23/34 | 2,555 | 2,856,147 | ||||
Sr. Unsec’d. Notes, MTN | |||||||
2.572%(ff) | 02/11/31 | 2,895 | 2,629,095 | ||||
96,261,292 | |||||||
Beverages — 0.1% | |||||||
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. (Belgium), | |||||||
Gtd. Notes | |||||||
4.700% | 02/01/36 | 1,220 | 1,223,961 | ||||
Constellation Brands, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.250% | 08/01/31 | 780 | 673,879 | ||||
1,897,840 | |||||||
Biotechnology — 0.0% | |||||||
Amgen, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.800% | 08/15/41(a) | 140 | 105,987 | ||||
Building Materials — 0.0% | |||||||
Owens Corning, | |||||||
Sr. Unsec’d. Notes | |||||||
3.500% | 02/15/30 | 400 | 379,994 | ||||
Standard Industries, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.750% | 01/15/28 | 300 | 293,846 | ||||
673,840 | |||||||
Chemicals — 0.2% | |||||||
Dow Chemical Co. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
4.375% | 11/15/42 | 5 | 4,414 | ||||
9.400% | 05/15/39 | 15 | 20,918 | ||||
DuPont de Nemours, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.725% | 11/15/28 | 1,590 | 1,621,023 | ||||
5.419% | 11/15/48 | 160 | 176,933 | ||||
LYB International Finance BV, | |||||||
Gtd. Notes | |||||||
5.250% | 07/15/43(a) | 620 | 602,003 | ||||
OCP SA (Morocco), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
6.750% | 05/02/34 | 901 | 965,620 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Chemicals (cont’d.) | |||||||
Sasol Financing USA LLC (South Africa), | |||||||
Gtd. Notes | |||||||
6.500% | 09/27/28(a) | 405 | $401,456 | ||||
Sherwin-Williams Co. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
4.800% | 09/01/31(a) | 585 | 596,533 | ||||
4,388,900 | |||||||
Commercial Services — 0.2% | |||||||
DP World Ltd. (United Arab Emirates), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
2.375% | 09/25/26 | EUR | 416 | 453,952 | |||
ERAC USA Finance LLC, | |||||||
Gtd. Notes, 144A | |||||||
4.200% | 11/01/46 | 875 | 767,228 | ||||
7.000% | 10/15/37 | 390 | 464,583 | ||||
United Rentals North America, Inc., | |||||||
Gtd. Notes | |||||||
3.750% | 01/15/32 | 250 | 228,141 | ||||
4.875% | 01/15/28 | 735 | 730,244 | ||||
5.250% | 01/15/30 | 165 | 165,116 | ||||
University of Miami, | |||||||
Sr. Unsec’d. Notes, Series 2022 | |||||||
4.063% | 04/01/52 | 815 | 705,759 | ||||
University of Southern California, | |||||||
Sr. Unsec’d. Notes | |||||||
4.976% | 10/01/53(a) | 947 | 977,835 | ||||
4,492,858 | |||||||
Distribution/Wholesale — 0.0% | |||||||
Ritchie Bros Holdings, Inc. (Canada), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.750% | 03/15/28 | 50 | 51,575 | ||||
Diversified Financial Services — 0.3% | |||||||
Cantor Fitzgerald LP, | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.500% | 04/14/27 | 3,485 | 3,457,312 | ||||
Nomura Holdings, Inc. (Japan), | |||||||
Sr. Unsec’d. Notes | |||||||
2.608% | 07/14/31 | 1,490 | 1,294,504 | ||||
6.070% | 07/12/28(a) | 1,680 | 1,764,193 | ||||
Private Export Funding Corp., | |||||||
U.S. Gov’t. Gtd. Notes, Series NN | |||||||
3.250% | 06/15/25 | 255 | 252,662 | ||||
6,768,671 | |||||||
Electric — 1.1% | |||||||
Abu Dhabi National Energy Co. PJSC (United Arab Emirates), | |||||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
2.000% | 04/29/28 | 370 | 343,059 | ||||
AEP Texas, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.950% | 06/01/28 | 2,105 | 2,076,867 | ||||
Alfa Desarrollo SpA (Chile), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.550% | 09/27/51 | 436 | 344,049 |
A16
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Electric (cont’d.) | |||||||
Baltimore Gas & Electric Co., | |||||||
Sr. Unsec’d. Notes | |||||||
6.350% | 10/01/36 | 530 | $598,101 | ||||
Berkshire Hathaway Energy Co., | |||||||
Sr. Unsec’d. Notes | |||||||
5.950% | 05/15/37(a) | 335 | 365,031 | ||||
Calpine Corp., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.750% | 03/01/31 | 1,050 | 972,183 | ||||
CenterPoint Energy Houston Electric LLC, | |||||||
General Ref. Mortgage, Series K2 | |||||||
6.950% | 03/15/33 | 300 | 344,899 | ||||
Comision Federal de Electricidad (Mexico), | |||||||
Gtd. Notes, 144A | |||||||
4.688% | 05/15/29 | 1,000 | 966,130 | ||||
Connecticut Light & Power Co. (The), | |||||||
First Mortgage, Series A | |||||||
2.050% | 07/01/31 | 2,290 | 1,976,271 | ||||
Consolidated Edison Co. of New York, Inc., | |||||||
Sr. Unsec’d. Notes, Series 09-C | |||||||
5.500% | 12/01/39 | 145 | 151,561 | ||||
Duke Energy Carolinas LLC, | |||||||
First Mortgage | |||||||
4.950% | 01/15/33 | 2,260 | 2,330,629 | ||||
6.050% | 04/15/38 | 530 | 591,085 | ||||
El Paso Electric Co., | |||||||
Sr. Unsec’d. Notes | |||||||
6.000% | 05/15/35 | 845 | 891,132 | ||||
Enel Finance International NV (Italy), | |||||||
Gtd. Notes, 144A | |||||||
2.500%(c) | 07/12/31 | 1,500 | 1,301,713 | ||||
Eskom Holdings SOC Ltd. (South Africa), | |||||||
Gov’t. Gtd. Notes, 144A, MTN | |||||||
6.350% | 08/10/28 | 349 | 354,235 | ||||
FirstEnergy Pennsylvania Electric Co., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.200% | 04/01/28(a) | 530 | 543,063 | ||||
Florida Power & Light Co., | |||||||
First Mortgage | |||||||
5.950% | 10/01/33(a) | 380 | 417,620 | ||||
Iberdrola International BV (Spain), | |||||||
Gtd. Notes | |||||||
6.750% | 09/15/33 | 140 | 154,248 | ||||
Israel Electric Corp. Ltd. (Israel), | |||||||
Sr. Sec’d. Notes, 144A, GMTN | |||||||
4.250% | 08/14/28 | 575 | 550,931 | ||||
NextEra Energy Capital Holdings, Inc., | |||||||
Gtd. Notes | |||||||
4.900% | 02/28/28 | 2,515 | 2,569,396 | ||||
6.051% | 03/01/25 | 515 | 517,244 | ||||
Northern States Power Co., | |||||||
First Mortgage | |||||||
3.600% | 09/15/47 | 1,035 | 830,933 | ||||
NRG Energy, Inc., | |||||||
Gtd. Notes, 144A | |||||||
3.625% | 02/15/31 | 50 | 45,335 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Electric (cont’d.) | |||||||
3.875% | 02/15/32(a) | 150 | $136,722 | ||||
Sr. Sec’d. Notes, 144A | |||||||
2.000% | 12/02/25 | 225 | 217,057 | ||||
2.450% | 12/02/27 | 345 | 323,261 | ||||
Ohio Power Co., | |||||||
Sr. Unsec’d. Notes | |||||||
4.000% | 06/01/49 | 465 | 381,199 | ||||
Pacific Gas & Electric Co., | |||||||
First Mortgage | |||||||
4.950% | 07/01/50 | 855 | 778,632 | ||||
PacifiCorp, | |||||||
First Mortgage | |||||||
5.350% | 12/01/53 | 2,045 | 2,023,467 | ||||
PECO Energy Co., | |||||||
First Mortgage | |||||||
2.800% | 06/15/50 | 785 | 533,118 | ||||
Public Service Electric & Gas Co., | |||||||
First Mortgage, MTN | |||||||
3.700% | 05/01/28 | 850 | 838,680 | ||||
4.900% | 12/15/32 | 820 | 848,141 | ||||
Sr. Sec’d. Notes, MTN | |||||||
5.800% | 05/01/37 | 515 | 564,230 | ||||
Public Service Enterprise Group, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
1.600% | 08/15/30 | 1,235 | 1,055,710 | ||||
San Diego Gas & Electric Co., | |||||||
First Mortgage | |||||||
4.150% | 05/15/48 | 1,010 | 864,741 | ||||
Southern California Edison Co., | |||||||
First Ref. Mortgage | |||||||
4.000% | 04/01/47 | 350 | 292,829 | ||||
First Ref. Mortgage, Series C | |||||||
3.600% | 02/01/45 | 690 | 543,652 | ||||
Vistra Operations Co. LLC, | |||||||
Gtd. Notes, 144A | |||||||
5.000% | 07/31/27 | 495 | 491,831 | ||||
Xcel Energy, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.800% | 09/15/41 | 480 | 441,623 | ||||
29,570,608 | |||||||
Engineering & Construction — 0.1% | |||||||
AECOM, | |||||||
Gtd. Notes | |||||||
5.125% | 03/15/27 | 500 | 501,113 | ||||
Mexico City Airport Trust (Mexico), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.250% | 10/31/26 | 415 | 406,845 | ||||
5.500% | 07/31/47 | 1,350 | 1,158,044 | ||||
2,066,002 | |||||||
Entertainment — 0.1% | |||||||
Caesars Entertainment, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
7.000% | 02/15/30 | 400 | 417,951 |
A17
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Entertainment (cont’d.) | |||||||
Warnermedia Holdings, Inc., | |||||||
Gtd. Notes | |||||||
5.050% | 03/15/42 | 1,425 | $1,163,968 | ||||
5.141% | 03/15/52 | 650 | 501,115 | ||||
2,083,034 | |||||||
Foods — 0.2% | |||||||
JBS USA Holding Lux Sarl/JBS USA Food Co./JBS Lux Co. Sarl, | |||||||
Gtd. Notes | |||||||
5.125% | 02/01/28 | 3,000 | 3,044,278 | ||||
Kraft Heinz Foods Co., | |||||||
Gtd. Notes | |||||||
6.500% | 02/09/40 | 1,135 | 1,286,086 | ||||
Lamb Weston Holdings, Inc., | |||||||
Gtd. Notes, 144A | |||||||
4.125% | 01/31/30(a) | 200 | 187,604 | ||||
4.375% | 01/31/32 | 575 | 533,181 | ||||
Mars, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
2.375% | 07/16/40 | 535 | 381,383 | ||||
5,432,532 | |||||||
Gas — 0.1% | |||||||
NiSource, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
1.700% | 02/15/31 | 270 | 227,953 | ||||
3.600% | 05/01/30 | 1,600 | 1,537,626 | ||||
Piedmont Natural Gas Co., Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.500% | 06/01/29 | 2,090 | 2,021,177 | ||||
3,786,756 | |||||||
Healthcare-Products — 0.0% | |||||||
Medline Borrower LP, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.875% | 04/01/29 | 475 | 449,688 | ||||
Healthcare-Services — 0.5% | |||||||
Aetna, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
6.625% | 06/15/36 | 480 | 543,174 | ||||
Cigna Group (The), | |||||||
Sr. Unsec’d. Notes | |||||||
3.200% | 03/15/40 | 1,555 | 1,227,889 | ||||
CommonSpirit Health, | |||||||
Sr. Sec’d. Notes | |||||||
5.318% | 12/01/34 | 2,650 | 2,735,253 | ||||
Elevance Health, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.600% | 03/15/51 | 885 | 680,696 | ||||
4.625% | 05/15/42 | 330 | 309,298 | ||||
Kaiser Foundation Hospitals, | |||||||
Gtd. Notes | |||||||
4.150% | 05/01/47 | 670 | 600,962 | ||||
Roche Holdings, Inc., | |||||||
Gtd. Notes, 144A | |||||||
4.592% | 09/09/34 | 2,270 | 2,291,559 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Healthcare-Services (cont’d.) | |||||||
Tenet Healthcare Corp., | |||||||
Sr. Sec’d. Notes | |||||||
4.375% | 01/15/30 | 425 | $407,974 | ||||
UnitedHealth Group, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.750% | 05/15/52 | 455 | 433,452 | ||||
5.050% | 04/15/53 | 397 | 394,082 | ||||
5.200% | 04/15/63 | 1,030 | 1,029,703 | ||||
5.500% | 04/15/64 | 1,380 | 1,442,517 | ||||
6.050% | 02/15/63 | 630 | 711,538 | ||||
12,808,097 | |||||||
Home Builders — 0.0% | |||||||
KB Home, | |||||||
Gtd. Notes | |||||||
4.000% | 06/15/31 | 400 | 370,733 | ||||
Taylor Morrison Communities, Inc., | |||||||
Gtd. Notes, 144A | |||||||
5.875% | 06/15/27 | 405 | 413,556 | ||||
784,289 | |||||||
Insurance — 0.2% | |||||||
Fairfax Financial Holdings Ltd. (Canada), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
6.000% | 12/07/33 | 2,375 | 2,494,270 | ||||
Liberty Mutual Group, Inc., | |||||||
Gtd. Notes, 144A | |||||||
3.951% | 10/15/50 | 1,125 | 878,381 | ||||
Lincoln National Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
6.300% | 10/09/37 | 701 | 765,559 | ||||
Markel Group, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
5.000% | 03/30/43 | 165 | 155,446 | ||||
New York Life Insurance Co., | |||||||
Sub. Notes, 144A | |||||||
6.750% | 11/15/39(a) | 650 | 767,422 | ||||
Principal Financial Group, Inc., | |||||||
Gtd. Notes | |||||||
4.625% | 09/15/42 | 105 | 98,402 | ||||
Teachers Insurance & Annuity Association of America, | |||||||
Sub. Notes, 144A | |||||||
4.270% | 05/15/47 | 1,430 | 1,247,413 | ||||
6.850% | 12/16/39 | 122 | 145,710 | ||||
6,552,603 | |||||||
Lodging — 0.0% | |||||||
Marriott International, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.900% | 04/15/29 | 350 | 357,226 | ||||
Media — 0.4% | |||||||
CCO Holdings LLC/CCO Holdings Capital Corp., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.125% | 05/01/27 | 75 | 73,769 | ||||
5.500% | 05/01/26 | 425 | 424,175 |
A18
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Media (cont’d.) | |||||||
Charter Communications Operating LLC/Charter Communications Operating Capital, | |||||||
Sr. Sec’d. Notes | |||||||
3.900% | 06/01/52 | 500 | $327,596 | ||||
5.050% | 03/30/29 | 1,370 | 1,363,212 | ||||
6.384% | 10/23/35 | 1,395 | 1,424,086 | ||||
6.484% | 10/23/45 | 635 | 611,787 | ||||
Comcast Corp., | |||||||
Gtd. Notes | |||||||
5.500% | 05/15/64 | 1,920 | 1,982,344 | ||||
Cox Communications, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
2.600% | 06/15/31 | 3,695 | 3,178,979 | ||||
Time Warner Cable LLC, | |||||||
Sr. Sec’d. Notes | |||||||
5.500% | 09/01/41 | 270 | 234,527 | ||||
9,620,475 | |||||||
Mining — 0.1% | |||||||
Newmont Corp., | |||||||
Gtd. Notes | |||||||
2.800% | 10/01/29 | 1,750 | 1,641,089 | ||||
Newmont Corp./Newcrest Finance Pty Ltd., | |||||||
Gtd. Notes | |||||||
5.350% | 03/15/34 | 760 | 797,060 | ||||
2,438,149 | |||||||
Miscellaneous Manufacturing — 0.1% | |||||||
Amsted Industries, Inc., | |||||||
Gtd. Notes, 144A | |||||||
5.625% | 07/01/27 | 800 | 798,135 | ||||
Pentair Finance Sarl, | |||||||
Gtd. Notes | |||||||
4.500% | 07/01/29 | 2,415 | 2,399,158 | ||||
3,197,293 | |||||||
Multi-National — 0.0% | |||||||
Corp. Andina de Fomento (Supranational Bank), | |||||||
Sr. Unsec’d. Notes | |||||||
5.000% | 01/24/29 | 965 | 993,825 | ||||
Office/Business Equipment — 0.0% | |||||||
CDW LLC/CDW Finance Corp., | |||||||
Gtd. Notes | |||||||
2.670% | 12/01/26 | 1,270 | 1,223,087 | ||||
Oil & Gas — 0.4% | |||||||
Aker BP ASA (Norway), | |||||||
Gtd. Notes, 144A | |||||||
3.100% | 07/15/31 | 530 | 470,997 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
4.000% | 01/15/31 | 2,045 | 1,933,886 | ||||
5.125% | 10/01/34 | 305 | 300,907 | ||||
Cenovus Energy, Inc. (Canada), | |||||||
Sr. Unsec’d. Notes | |||||||
5.400% | 06/15/47 | 506 | 488,691 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Oil & Gas (cont’d.) | |||||||
Devon Energy Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
5.600% | 07/15/41 | 225 | $220,660 | ||||
Ecopetrol SA (Colombia), | |||||||
Sr. Unsec’d. Notes | |||||||
6.875% | 04/29/30 | 440 | 438,953 | ||||
8.625% | 01/19/29 | 1,315 | 1,413,954 | ||||
Energean Israel Finance Ltd. (Israel), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
5.375% | 03/30/28 | 84 | 75,180 | ||||
Hilcorp Energy I LP/Hilcorp Finance Co., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
6.000% | 04/15/30 | 215 | 209,484 | ||||
6.250% | 04/15/32 | 325 | 316,473 | ||||
Korea National Oil Corp. (South Korea), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.750% | 04/03/26 | 335 | 336,940 | ||||
4.875% | 04/03/28 | 345 | 350,427 | ||||
Marathon Oil Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
5.700% | 04/01/34 | 1,630 | 1,748,656 | ||||
Petroleos Mexicanos (Mexico), | |||||||
Gtd. Notes | |||||||
6.490% | 01/23/27 | 346 | 340,810 | ||||
6.500% | 03/13/27 | 130 | 127,335 | ||||
6.840% | 01/23/30 | 100 | 92,450 | ||||
Gtd. Notes, MTN | |||||||
6.875% | 08/04/26 | 770 | 764,071 | ||||
QatarEnergy (Qatar), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
1.375% | 09/12/26 | 500 | 473,750 | ||||
2.250% | 07/12/31 | 545 | 479,600 | ||||
Santos Finance Ltd. (Australia), | |||||||
Gtd. Notes, 144A | |||||||
6.875% | 09/19/33 | 635 | 699,187 | ||||
Southwestern Energy Co., | |||||||
Gtd. Notes | |||||||
4.750% | 02/01/32 | 325 | 310,912 | ||||
11,593,323 | |||||||
Packaging & Containers — 0.2% | |||||||
Ball Corp., | |||||||
Gtd. Notes | |||||||
3.125% | 09/15/31(a) | 300 | 266,339 | ||||
6.000% | 06/15/29 | 725 | 750,191 | ||||
Berry Global, Inc., | |||||||
Sr. Sec’d. Notes | |||||||
1.570% | 01/15/26 | 3,570 | 3,436,120 | ||||
Sealed Air Corp./Sealed Air Corp. US, | |||||||
Gtd. Notes, 144A | |||||||
6.125% | 02/01/28 | 75 | 76,275 | ||||
4,528,925 |
A19
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Pharmaceuticals — 0.2% | |||||||
AbbVie, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.800% | 03/15/25 | 950 | $946,379 | ||||
4.050% | 11/21/39 | 140 | 129,316 | ||||
4.550% | 03/15/35 | 1,770 | 1,770,651 | ||||
4.700% | 05/14/45 | 425 | 410,891 | ||||
Bayer US Finance II LLC (Germany), | |||||||
Gtd. Notes, 144A | |||||||
4.250% | 12/15/25 | 490 | 486,087 | ||||
Becton, Dickinson & Co., | |||||||
Sr. Unsec’d. Notes | |||||||
3.734% | 12/15/24 | 102 | 101,635 | ||||
CVS Health Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
5.125% | 07/20/45 | 985 | 918,056 | ||||
5.875% | 06/01/53(a) | 150 | 152,540 | ||||
Mylan, Inc., | |||||||
Gtd. Notes | |||||||
5.400% | 11/29/43 | 590 | 543,996 | ||||
Organon & Co./Organon Foreign Debt Co-Issuer BV, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.125% | 04/30/28 | 700 | 672,809 | ||||
Viatris, Inc., | |||||||
Gtd. Notes | |||||||
3.850% | 06/22/40 | 520 | 404,944 | ||||
6,537,304 | |||||||
Pipelines — 0.9% | |||||||
Columbia Pipelines Operating Co. LLC, | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.927% | 08/15/30 | 590 | 624,932 | ||||
DCP Midstream Operating LP, | |||||||
Gtd. Notes | |||||||
5.125% | 05/15/29 | 2,600 | 2,663,536 | ||||
Eastern Gas Transmission & Storage, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.600% | 12/15/44 | 45 | 40,559 | ||||
EIG Pearl Holdings Sarl (Saudi Arabia), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.545% | 08/31/36 | 1,060 | 941,269 | ||||
Energy Transfer LP, | |||||||
Sr. Unsec’d. Notes | |||||||
4.950% | 06/15/28 | 795 | 808,558 | ||||
6.125% | 12/15/45 | 120 | 125,053 | ||||
6.250% | 04/15/49 | 885 | 931,179 | ||||
6.400% | 12/01/30 | 280 | 304,809 | ||||
6.550% | 12/01/33 | 4,380 | 4,837,139 | ||||
EQM Midstream Partners LP, | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
7.500% | 06/01/27 | 25 | 25,749 | ||||
7.500% | 06/01/30 | 25 | 27,464 | ||||
Greensaif Pipelines Bidco Sarl (Saudi Arabia), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.129% | 02/23/38 | 365 | 386,674 | ||||
6.510% | 02/23/42 | 475 | 512,555 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Pipelines (cont’d.) | |||||||
Kinder Morgan, Inc., | |||||||
Gtd. Notes | |||||||
3.600% | 02/15/51 | 1,575 | $1,140,764 | ||||
MPLX LP, | |||||||
Sr. Unsec’d. Notes | |||||||
4.000% | 02/15/25 | 1,140 | 1,133,593 | ||||
4.875% | 06/01/25 | 2,275 | 2,273,773 | ||||
5.200% | 03/01/47 | 25 | 23,707 | ||||
5.500% | 02/15/49 | 700 | 680,864 | ||||
ONEOK Partners LP, | |||||||
Gtd. Notes | |||||||
6.650% | 10/01/36 | 130 | 144,720 | ||||
ONEOK, Inc., | |||||||
Gtd. Notes | |||||||
3.100% | 03/15/30 | 3,495 | 3,253,789 | ||||
4.500% | 03/15/50 | 245 | 204,375 | ||||
6.050% | 09/01/33 | 764 | 816,687 | ||||
Venture Global Calcasieu Pass LLC, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.875% | 08/15/29 | 80 | 75,602 | ||||
4.125% | 08/15/31 | 55 | 51,148 | ||||
Western Midstream Operating LP, | |||||||
Sr. Unsec’d. Notes | |||||||
5.300% | 03/01/48 | 80 | 72,651 | ||||
Williams Cos., Inc. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
4.900% | 01/15/45 | 1,100 | 1,018,236 | ||||
5.150% | 03/15/34 | 370 | 374,149 | ||||
23,493,534 | |||||||
Real Estate Investment Trusts (REITs) — 0.5% | |||||||
Alexandria Real Estate Equities, Inc., | |||||||
Gtd. Notes | |||||||
2.950% | 03/15/34(a) | 420 | 363,052 | ||||
5.250% | 05/15/36 | 1,900 | 1,934,570 | ||||
American Tower Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
5.200% | 02/15/29 | 2,235 | 2,303,421 | ||||
COPT Defense Properties LP, | |||||||
Gtd. Notes | |||||||
2.900% | 12/01/33 | 945 | 791,655 | ||||
GLP Capital LP/GLP Financing II, Inc., | |||||||
Gtd. Notes | |||||||
5.375% | 04/15/26 | 725 | 728,170 | ||||
Healthpeak OP LLC, | |||||||
Gtd. Notes | |||||||
5.250% | 12/15/32 | 2,500 | 2,574,141 | ||||
Kimco Realty OP LLC, | |||||||
Gtd. Notes | |||||||
2.700% | 10/01/30 | 2,420 | 2,198,580 | ||||
MPT Operating Partnership LP/MPT Finance Corp., | |||||||
Gtd. Notes | |||||||
3.500% | 03/15/31 | 625 | 456,976 | ||||
5.000% | 10/15/27(a) | 275 | 246,060 |
A20
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Real Estate Investment Trusts (REITs) (cont’d.) | |||||||
Sun Communities Operating LP, | |||||||
Gtd. Notes | |||||||
5.500% | 01/15/29 | 3,005 | $3,092,115 | ||||
14,688,740 | |||||||
Retail — 0.2% | |||||||
1011778 BC ULC/New Red Finance, Inc. (Canada), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.875% | 01/15/28 | 400 | 383,000 | ||||
AutoZone, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.750% | 04/18/29 | 1,820 | 1,778,030 | ||||
Dollar Tree, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.000% | 05/15/25 | 3,395 | 3,373,683 | ||||
Gap, Inc. (The), | |||||||
Gtd. Notes, 144A | |||||||
3.625% | 10/01/29 | 200 | 180,854 | ||||
3.875% | 10/01/31 | 375 | 327,779 | ||||
6,043,346 | |||||||
Semiconductors — 0.1% | |||||||
Broadcom, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.350% | 02/15/30 | 795 | 793,560 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
3.187% | 11/15/36 | 3,650 | 3,091,699 | ||||
3,885,259 | |||||||
Software — 0.2% | |||||||
Oracle Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
4.300% | 07/08/34 | 1,569 | 1,518,636 | ||||
ServiceNow, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
1.400% | 09/01/30 | 1,375 | 1,179,746 | ||||
Workday, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.800% | 04/01/32(a) | 1,845 | 1,748,796 | ||||
4,447,178 | |||||||
Telecommunications — 0.7% | |||||||
AT&T, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.550% | 12/01/33 | 346 | 291,678 | ||||
3.500% | 09/15/53 | 1,367 | 1,003,926 | ||||
3.650% | 09/15/59 | 4 | 2,899 | ||||
4.500% | 05/15/35 | 1,095 | 1,066,477 | ||||
5.400% | 02/15/34 | 2,125 | 2,229,443 | ||||
Level 3 Financing, Inc., | |||||||
Sec’d. Notes, 144A | |||||||
4.875% | 06/15/29 | 75 | 63,345 | ||||
Sr. Sec’d. Notes, 144A | |||||||
10.500% | 04/15/29 | 250 | 273,558 | ||||
10.500% | 05/15/30 | 250 | 270,941 | ||||
11.000% | 11/15/29 | 904 | 1,002,273 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Telecommunications (cont’d.) | |||||||
Rogers Communications, Inc. (Canada), | |||||||
Gtd. Notes | |||||||
3.800% | 03/15/32 | 2,480 | $2,295,132 | ||||
T-Mobile USA, Inc., | |||||||
Gtd. Notes | |||||||
2.550% | 02/15/31 | 965 | 859,830 | ||||
3.750% | 04/15/27 | 200 | 197,573 | ||||
3.875% | 04/15/30 | 5,500 | 5,348,632 | ||||
Verizon Communications, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
1.680% | 10/30/30 | 490 | 419,004 | ||||
2.550% | 03/21/31(a) | 1,017 | 908,450 | ||||
2.650% | 11/20/40 | 1,095 | 805,484 | ||||
3.150% | 03/22/30 | 1,365 | 1,286,555 | ||||
18,325,200 | |||||||
Transportation — 0.1% | |||||||
Burlington Northern Santa Fe LLC, | |||||||
Sr. Unsec’d. Notes | |||||||
6.700% | 08/01/28 | 585 | 633,442 | ||||
CSX Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
6.150% | 05/01/37 | 690 | 778,992 | ||||
GN Bondco LLC, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
9.500% | 10/15/31 | 350 | 368,170 | ||||
Norfolk Southern Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
5.590% | 05/17/25 | 120 | 120,472 | ||||
XPO, Inc., | |||||||
Gtd. Notes, 144A | |||||||
7.125% | 06/01/31(a) | 100 | 104,804 | ||||
2,005,880 | |||||||
Trucking & Leasing — 0.1% | |||||||
Penske Truck Leasing Co. LP/PTL Finance Corp., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.250% | 07/01/29 | 2,630 | 2,706,982 | ||||
Total Corporate Bonds (cost $328,854,060) | 321,616,629 | ||||||
Floating Rate and Other Loans — 0.0% | |||||||
Telecommunications | |||||||
Level 3 Financing, Inc., | |||||||
Term B-1, 1 Month SOFR + 6.560% | |||||||
11.414%(c) | 04/15/29 | 60 | 60,901 | ||||
Term B-2, 1 Month SOFR + 6.560% | |||||||
11.414%(c) | 04/15/30 | 60 | 61,424 | ||||
Total Floating Rate and Other Loans (cost $118,247) | 122,325 | ||||||
Municipal Bonds — 0.3% | |||||||
Alabama — 0.0% | |||||||
Alabama Economic Settlement Authority, | |||||||
Taxable, Revenue Bonds, Series B | |||||||
4.263% | 09/15/32 | 180 | 177,442 |
A21
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Municipal Bonds (continued) | |||||||
California — 0.1% | |||||||
Bay Area Toll Authority, | |||||||
Revenue Bonds, BABs, Series F2 | |||||||
6.263% | 04/01/49 | 1,305 | $1,487,035 | ||||
State of California, | |||||||
General Obligation Unlimited, BABs | |||||||
7.300% | 10/01/39 | 1,250 | 1,507,626 | ||||
General Obligation Unlimited, Taxable, BABs | |||||||
7.500% | 04/01/34 | 350 | 421,201 | ||||
7.625% | 03/01/40 | 205 | 256,668 | ||||
3,672,530 | |||||||
Colorado — 0.0% | |||||||
Regional Transportation District Sales Tax Revenue, | |||||||
Revenue Bonds, BABs, Series B | |||||||
5.844% | 11/01/50 | 565 | 621,479 | ||||
Illinois — 0.1% | |||||||
Chicago O’Hare International Airport, | |||||||
Revenue Bonds, BABs, Series B | |||||||
6.395% | 01/01/40 | 970 | 1,103,435 | ||||
New Jersey — 0.1% | |||||||
New Jersey Turnpike Authority, | |||||||
Taxable, Revenue Bonds, BABs, Series F | |||||||
7.414% | 01/01/40 | 1,000 | 1,228,763 | ||||
Ohio — 0.0% | |||||||
Ohio State University (The), | |||||||
Taxable, Revenue Bonds, BABs, Series C | |||||||
4.910% | 06/01/40 | 415 | 418,568 | ||||
Pennsylvania — 0.0% | |||||||
Pennsylvania Turnpike Commission, | |||||||
Revenue Bonds, BABs, Series B | |||||||
5.511% | 12/01/45 | 505 | 525,404 | ||||
Virginia — 0.0% | |||||||
University of Virginia, | |||||||
Taxable, Revenue Bonds, Series C | |||||||
4.179% | 09/01/2117 | 355 | 296,388 | ||||
Total Municipal Bonds (cost $7,205,425) | 8,044,009 | ||||||
Residential Mortgage-Backed Securities — 0.7% | |||||||
Banc of America Mortgage Trust, | |||||||
Series 2005-A, Class 2A1 | |||||||
4.940%(cc) | 02/25/35 | 27 | 26,714 | ||||
Bellemeade Re Ltd., | |||||||
Series 2021-03A, Class A2, 144A, 30 Day Average SOFR + 1.000% (Cap N/A, Floor 1.000%) | |||||||
6.280%(c) | 09/25/31 | 1,500 | 1,502,144 | ||||
Series 2022-01, Class M1A, 144A, 30 Day Average SOFR + 1.750% (Cap N/A, Floor 1.750%) | |||||||
7.030%(c) | 01/26/32 | 29 | 28,590 | ||||
BRAVO Residential Funding Trust, | |||||||
Series 2023-RPL01, Class A1, 144A | |||||||
5.000%(cc) | 05/25/63 | 1,511 | 1,521,339 | ||||
Chase Home Lending Mortgage Trust, | |||||||
Series 2024-RPL03, Class A1A, 144A | |||||||
3.250%(cc) | 09/25/64 | 493 | 447,142 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Residential Mortgage-Backed Securities (continued) | |||||||
Chase Mortgage Finance Trust, | |||||||
Series 2007-A01, Class 1A5 | |||||||
6.552%(cc) | 02/25/37 | 45 | $44,817 | ||||
CIM Trust, | |||||||
Series 2024-R01, Class A1, 144A | |||||||
4.750%(cc) | 06/25/64 | 1,459 | 1,451,138 | ||||
Credit Suisse Mortgage Trust, | |||||||
Series 2018-RPL09, Class A, 144A | |||||||
3.850%(cc) | 09/25/57 | 420 | 408,146 | ||||
Fannie Mae REMIC, | |||||||
Series 2020-24, Class SP, IO, 30 Day Average SOFR x (1) + 5.936% (Cap 6.050%, Floor 0.000%) | |||||||
0.655%(c) | 04/25/50 | 695 | 96,349 | ||||
Series 2022-51, Class PS, IO, 30 Day Average SOFR x (1) + 5.950% (Cap 5.950%, Floor 0.000%) | |||||||
0.670%(c) | 08/25/52 | 1,638 | 183,980 | ||||
FHLMC Structured Agency Credit Risk REMIC Trust, | |||||||
Series 2021-DNA05, Class M2, 144A, 30 Day Average SOFR + 1.650% (Cap N/A, Floor 0.000%) | |||||||
6.930%(c) | 01/25/34 | 101 | 101,109 | ||||
Series 2022-DNA01, Class M1A, 144A, 30 Day Average SOFR + 1.000% (Cap N/A, Floor 0.000%) | |||||||
6.280%(c) | 01/25/42 | 737 | 734,908 | ||||
Freddie Mac REMIC, | |||||||
Series 4535, Class PA | |||||||
3.000% | 03/15/44 | 265 | 258,942 | ||||
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 | 1,746 | 81,592 | ||||
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 | 268 | 7,156 | ||||
Series 5269, Class AD | |||||||
2.000% | 01/25/55 | 4,501 | 3,610,541 | ||||
Freddie Mac Strips, | |||||||
Series 406, Class PO, PO | |||||||
1.211%(s) | 10/25/53 | 2,161 | 1,815,600 | ||||
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 | 812 | 27,406 | ||||
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 | 1,024 | 37,620 | ||||
Series 2018-151, Class SL, IO, 1 Month SOFR x (1) + 3.686% (Cap 3.800%, Floor 0.000%) | |||||||
0.000%(c) | 11/20/48 | 3,308 | 132,501 | ||||
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 | 1,782 | 42,179 | ||||
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 | 3,192 | 55,911 | ||||
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 | 2,705 | 59,839 |
A22
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Residential Mortgage-Backed Securities (continued) | |||||||
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 | 1,653 | $45,419 | ||||
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 | 399 | 186 | ||||
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 | 679 | 25,770 | ||||
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 | 3,110 | 105,117 | ||||
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 | 1,020 | 35,435 | ||||
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 | 827 | 32,788 | ||||
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 | 2,710 | 87,960 | ||||
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 | 1,816 | 65,694 | ||||
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 | 641 | 19,520 | ||||
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 | 3,796 | 103,686 | ||||
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 | 1,392 | 42,183 | ||||
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 | 1,434 | 38,021 | ||||
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 | 10,882 | 487,639 | ||||
Series 2022-93, Class IO | |||||||
3.000% | 08/20/51 | 6,386 | 687,000 | ||||
Home Re Ltd., | |||||||
Series 2019-01, Class M1, 144A, 30 Day Average SOFR + 1.764% (Cap N/A, Floor 0.000%) | |||||||
7.045%(c) | 05/25/29 | 116 | 116,061 | ||||
JPMorgan Mortgage Trust, | |||||||
Series 2007-A01, Class 4A1 | |||||||
7.205%(cc) | 07/25/35 | 7 | 7,046 | ||||
Legacy Mortgage Asset Trust, | |||||||
Series 2021-GS01, Class A1, 144A | |||||||
4.892% | 10/25/66 | 201 | 200,720 | ||||
MFA Trust, | |||||||
Series 2021-RPL01, Class A1, 144A | |||||||
1.131%(cc) | 07/25/60 | 1,371 | 1,240,381 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Residential Mortgage-Backed Securities (continued) | |||||||
New Residential Mortgage Loan Trust, | |||||||
Series 2018-04A, Class A1S, 144A, 1 Month SOFR + 0.864% (Cap N/A, Floor 0.750%) | |||||||
5.719%(c) | 01/25/48 | 107 | $105,038 | ||||
Oaktown Re VII Ltd., | |||||||
Series 2021-02, Class M1A, 144A, 30 Day Average SOFR + 1.600% (Cap N/A, Floor 1.600%) | |||||||
6.880%(c) | 04/25/34 | 514 | 513,957 | ||||
PRET Trust, | |||||||
Series 2024-RPL02, Class A1, 144A | |||||||
4.075%(cc) | 06/25/64 | 991 | 948,177 | ||||
Shamrock Residential (Ireland), | |||||||
Series 2023-01A, Class A, 144A, 1 Month EURIBOR + 1.000% (Cap N/A, Floor 0.000%) | |||||||
4.374%(c) | 06/24/71 | EUR | 236 | 262,022 | |||
Structured Adjustable Rate Mortgage Loan Trust, | |||||||
Series 2004-01, Class 4A3 | |||||||
7.251%(cc) | 02/25/34 | 38 | 36,733 | ||||
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%) | |||||||
5.569%(c) | 02/25/57 | 139 | 143,019 | ||||
Series 2020-04, Class A1, 144A | |||||||
1.750% | 10/25/60 | 458 | 416,039 | ||||
Series 2024-CES04, Class A1, 144A | |||||||
5.122%(cc) | 09/25/64 | 1,500 | 1,499,517 | ||||
Total Residential Mortgage-Backed Securities (cost $19,210,213) | 19,940,792 | ||||||
Sovereign Bonds — 0.3% | |||||||
Bermuda Government International Bond (Bermuda), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
2.375% | 08/20/30 | 465 | 410,508 | ||||
Colombia Government International Bond (Colombia), | |||||||
Sr. Unsec’d. Notes | |||||||
4.500% | 01/28/26 | 220 | 217,608 | ||||
Export-Import Bank of India (India), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.875% | 02/01/28 | 745 | 731,264 | ||||
Finnvera OYJ (Finland), | |||||||
Gov’t. Gtd. Notes, 144A, MTN | |||||||
2.375% | 06/04/25 | 400 | 395,062 | ||||
Indonesia Government International Bond (Indonesia), | |||||||
Sr. Unsec’d. Notes | |||||||
1.450% | 09/18/26 | EUR | 1,510 | 1,622,552 | |||
3.375% | 07/30/25 | EUR | 1,200 | 1,333,776 | |||
Mexico Government International Bond (Mexico), | |||||||
Sr. Unsec’d. Notes | |||||||
6.000% | 05/07/36 | 907 | 923,326 | ||||
Panama Government International Bond (Panama), | |||||||
Sr. Unsec’d. Notes | |||||||
4.500% | 04/16/50 | 340 | 249,880 |
A23
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Sovereign Bonds(continued) | |||||||
Peruvian Government International Bond (Peru), | |||||||
Sr. Unsec’d. Notes | |||||||
2.783% | 01/23/31 | 514 | $458,745 | ||||
Romanian Government International Bond (Romania), | |||||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
5.000% | 09/27/26 | EUR | 800 | 914,564 | |||
Saudi Government International Bond (Saudi Arabia), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
0.750% | 07/09/27 | EUR | 493 | 515,513 | |||
Total Sovereign Bonds (cost $7,871,824) | 7,772,798 | ||||||
U.S. Government Agency Obligations — 10.5% | |||||||
Federal Home Loan Bank | |||||||
5.500% | 07/15/36 | 850 | 962,057 | ||||
Federal Home Loan Mortgage Corp. | |||||||
1.500% | 02/01/36 | 785 | 704,525 | ||||
1.500% | 06/01/36 | 886 | 792,765 | ||||
1.500% | 10/01/36 | 4,717 | 4,225,207 | ||||
1.500% | 11/01/50 | 1,130 | 895,478 | ||||
1.500% | 04/01/51 | 597 | 472,363 | ||||
2.000% | 01/01/32 | 268 | 254,291 | ||||
2.000% | 02/01/36 | 773 | 709,611 | ||||
2.000% | 06/01/40 | 633 | 557,425 | ||||
2.000% | 10/01/40 | 1,073 | 938,606 | ||||
2.000% | 09/01/50 | 2,543 | 2,120,525 | ||||
2.000% | 02/01/51 | 2,002 | 1,670,183 | ||||
2.000% | 03/01/51 | 1,026 | 851,284 | ||||
2.000% | 04/01/51 | 64 | 53,254 | ||||
2.000% | 07/01/51 | 2,434 | 2,023,554 | ||||
2.000% | 09/01/51 | 427 | 358,824 | ||||
2.500% | 03/01/30 | 121 | 117,143 | ||||
2.500% | 10/01/35 | 1,487 | 1,408,292 | ||||
2.500% | 01/01/51 | 1,413 | 1,225,943 | ||||
2.500% | 03/01/51 | 559 | 491,773 | ||||
2.500% | 04/01/51 | 4,998 | 4,342,927 | ||||
2.500% | 05/01/51 | 2,304 | 1,990,322 | ||||
2.500% | 08/01/51 | 430 | 373,778 | ||||
2.500% | 08/01/51 | 2,361 | 2,056,960 | ||||
2.500% | 09/01/51 | 3,996 | 3,481,281 | ||||
3.000% | 10/01/28 | 73 | 71,791 | ||||
3.000% | 06/01/29 | 163 | 159,738 | ||||
3.000% | 01/01/37 | 69 | 65,535 | ||||
3.000% | 06/01/42 | 116 | 107,957 | ||||
3.000% | 10/01/42 | 285 | 264,813 | ||||
3.000% | 01/01/43 | 270 | 251,063 | ||||
3.000% | 07/01/43 | 729 | 677,253 | ||||
3.000% | 09/01/46 | 1,549 | 1,423,175 | ||||
3.000% | 12/01/46 | 4,511 | 4,135,105 | ||||
3.000% | 11/01/49 | 989 | 903,792 | ||||
3.000% | 02/01/50 | 1,223 | 1,117,771 | ||||
3.000% | 05/01/50 | 254 | 231,218 | ||||
3.000% | 06/01/51 | 1,503 | 1,354,898 | ||||
3.000% | 02/01/52 | 2,224 | 2,017,143 | ||||
3.000% | 02/01/52 | 3,385 | 3,044,949 | ||||
3.500% | 06/01/42 | 120 | 114,919 | ||||
3.500% | 01/01/47 | 203 | 192,659 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
3.500% | 02/01/47 | 324 | $305,624 | ||||
3.500% | 03/01/48 | 2,403 | 2,279,793 | ||||
4.000% | 06/01/26 | 41 | 40,335 | ||||
4.000% | 09/01/26 | 14 | 13,600 | ||||
4.000% | 09/01/37 | 149 | 148,389 | ||||
4.000% | 03/01/38 | 133 | 131,572 | ||||
4.000% | 10/01/39 | 207 | 205,061 | ||||
4.000% | 09/01/40 | 271 | 268,344 | ||||
4.000% | 12/01/40 | 129 | 127,734 | ||||
4.000% | 10/01/41 | 112 | 110,358 | ||||
4.000% | 01/01/42 | 40 | 39,171 | ||||
4.000% | 04/01/52 | 766 | 744,409 | ||||
4.500% | 02/01/39 | 28 | 28,280 | ||||
4.500% | 09/01/39 | 43 | 43,501 | ||||
4.500% | 10/01/39 | 388 | 393,096 | ||||
4.500% | 12/01/39 | 41 | 41,327 | ||||
4.500% | 07/01/41 | 47 | 46,972 | ||||
4.500% | 07/01/41 | 995 | 1,004,694 | ||||
4.500% | 08/01/41 | 65 | 65,677 | ||||
4.500% | 08/01/41 | 79 | 79,975 | ||||
4.500% | 08/01/41 | 93 | 93,012 | ||||
4.500% | 10/01/41 | 91 | 91,406 | ||||
4.500% | 12/01/47 | 78 | 77,583 | ||||
4.500% | 08/01/48 | 158 | 157,221 | ||||
5.000% | 05/01/34 | 9 | 9,396 | ||||
5.000% | 05/01/34 | 104 | 106,636 | ||||
5.000% | 10/01/35 | 3 | 2,569 | ||||
5.000% | 07/01/37 | 145 | 149,154 | ||||
5.000% | 05/01/39 | 22 | 22,208 | ||||
5.000% | 10/01/52 | 897 | 898,181 | ||||
5.000% | 02/01/53 | 1,491 | 1,491,197 | ||||
5.500% | 12/01/33 | 21 | 20,794 | ||||
5.500% | 01/01/34 | 18 | 18,667 | ||||
5.500% | 06/01/34 | 33 | 33,577 | ||||
5.500% | 07/01/34 | 72 | 74,658 | ||||
5.500% | 05/01/37 | 19 | 20,120 | ||||
5.500% | 02/01/38 | 150 | 154,355 | ||||
5.500% | 05/01/38 | 17 | 17,106 | ||||
5.500% | 07/01/38 | 42 | 43,232 | ||||
5.500% | 02/01/53 | 8,879 | 8,991,401 | ||||
6.000% | 03/01/32 | 74 | 76,803 | ||||
6.000% | 12/01/33 | 19 | 19,331 | ||||
6.000% | 11/01/36 | 19 | 19,810 | ||||
6.000% | 01/01/37 | 9 | 9,163 | ||||
6.000% | 05/01/37 | 7 | 7,827 | ||||
6.000% | 02/01/38 | 1 | 1,541 | ||||
6.000% | 08/01/39 | 22 | 23,462 | ||||
6.750% | 03/15/31 | 500 | 584,693 | ||||
7.000% | 05/01/31 | 2 | 2,370 | ||||
7.000% | 06/01/31 | 9 | 9,323 | ||||
7.000% | 08/01/31 | 74 | 77,010 | ||||
7.000% | 10/01/31 | 5 | 4,686 | ||||
Federal National Mortgage Assoc. | |||||||
1.500% | 01/01/36 | 412 | 370,104 | ||||
1.500% | 04/01/36 | 856 | 765,196 | ||||
1.500% | 06/01/36 | 906 | 811,328 | ||||
1.500% | 11/01/36 | 1,455 | 1,305,217 |
A24
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
1.500% | 02/01/42 | 427 | $358,520 | ||||
1.500% | 11/01/50 | 2,977 | 2,357,357 | ||||
1.500% | 12/01/50 | 3,138 | 2,483,189 | ||||
1.500% | 01/01/51 | 936 | 740,713 | ||||
1.500% | 07/01/51 | 751 | 593,793 | ||||
2.000% | 03/01/31 | 703 | 669,455 | ||||
2.000% | 08/01/31 | 259 | 246,014 | ||||
2.000% | 01/01/32 | 1,453 | 1,377,338 | ||||
2.000% | 05/01/36 | 415 | 380,369 | ||||
2.000% | 12/01/36 | 1,380 | 1,263,454 | ||||
2.000% | 02/01/37 | 1,779 | 1,629,541 | ||||
2.000% | 02/01/41 | 1,353 | 1,182,320 | ||||
2.000% | 05/01/41(k) | 3,017 | 2,636,829 | ||||
2.000% | 10/01/50 | 6,062 | 5,053,028 | ||||
2.000% | 11/01/50 | 1,411 | 1,173,824 | ||||
2.000% | 01/01/51 | 1,181 | 983,760 | ||||
2.000% | 02/01/51 | 56 | 46,898 | ||||
2.000% | 03/01/51 | 6,318 | 5,232,637 | ||||
2.000% | 04/01/51 | 2,423 | 2,014,499 | ||||
2.000% | 05/01/51 | 18,852 | 15,673,580 | ||||
2.000% | 07/01/51 | 463 | 385,024 | ||||
2.500% | TBA | 2,500 | 2,160,158 | ||||
2.500% | 07/01/32 | 622 | 595,260 | ||||
2.500% | 08/01/32 | 691 | 663,314 | ||||
2.500% | 09/01/32 | 663 | 636,318 | ||||
2.500% | 01/01/35 | 4,183 | 3,960,885 | ||||
2.500% | 07/01/35 | 2,378 | 2,280,489 | ||||
2.500% | 10/01/37 | 493 | 465,443 | ||||
2.500% | 10/01/43 | 290 | 259,240 | ||||
2.500% | 12/01/46 | 625 | 558,096 | ||||
2.500% | 03/01/50 | 610 | 533,579 | ||||
2.500% | 08/01/50 | 2,163 | 1,886,276 | ||||
2.500% | 02/01/51 | 1,208 | 1,050,709 | ||||
2.500% | 02/01/51 | 1,469 | 1,276,316 | ||||
2.500% | 03/01/51 | 1,423 | 1,233,867 | ||||
2.500% | 04/01/51 | 2,499 | 2,174,166 | ||||
2.500% | 08/01/51 | 845 | 733,339 | ||||
2.500% | 09/01/51 | 894 | 779,032 | ||||
2.500% | 12/01/51 | 3,446 | 3,013,280 | ||||
2.500% | 02/01/52 | 418 | 365,096 | ||||
2.500% | 05/01/52 | 1,250 | 1,093,647 | ||||
3.000% | 02/01/27 | 194 | 191,398 | ||||
3.000% | 08/01/30 | 295 | 288,118 | ||||
3.000% | 05/01/35 | 2,476 | 2,385,980 | ||||
3.000% | 07/01/36 | 1,525 | 1,469,533 | ||||
3.000% | 11/01/36 | 505 | 481,277 | ||||
3.000% | 12/01/42 | 432 | 400,961 | ||||
3.000% | 03/01/43 | 100 | 92,987 | ||||
3.000% | 11/01/46 | 358 | 327,401 | ||||
3.000% | 01/01/47 | 536 | 489,492 | ||||
3.000% | 02/01/47 | 574 | 527,134 | ||||
3.000% | 03/01/47 | 299 | 274,488 | ||||
3.000% | 06/01/49 | 12 | 11,113 | ||||
3.000% | 12/01/49 | 1,122 | 1,021,645 | ||||
3.000% | 01/01/50 | 435 | 390,722 | ||||
3.000% | 02/01/50 | 443 | 398,279 | ||||
3.000% | 02/01/50 | 2,311 | 2,111,394 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
3.000% | 03/01/50 | 234 | $213,752 | ||||
3.000% | 04/01/51 | 115 | 103,701 | ||||
3.000% | 05/01/51 | 2,024 | 1,826,851 | ||||
3.000% | 11/01/51 | 99 | 89,389 | ||||
3.000% | 12/01/51 | 4,063 | 3,712,553 | ||||
3.000% | 03/01/52 | 827 | 747,656 | ||||
3.000% | 04/01/52 | 439 | 395,010 | ||||
3.000% | 04/01/52 | 861 | 782,610 | ||||
3.000% | 04/01/52 | 1,359 | 1,221,860 | ||||
3.500% | 07/01/31 | 206 | 203,498 | ||||
3.500% | 02/01/33 | 591 | 583,271 | ||||
3.500% | 06/01/39 | 211 | 203,769 | ||||
3.500% | 01/01/42 | 1,227 | 1,174,669 | ||||
3.500% | 05/01/42 | 652 | 623,818 | ||||
3.500% | 07/01/42 | 367 | 350,554 | ||||
3.500% | 08/01/42 | 135 | 129,114 | ||||
3.500% | 08/01/42 | 307 | 293,399 | ||||
3.500% | 09/01/42 | 197 | 188,330 | ||||
3.500% | 09/01/42 | 699 | 667,275 | ||||
3.500% | 11/01/42 | 96 | 91,677 | ||||
3.500% | 03/01/43 | 1,035 | 988,389 | ||||
3.500% | 04/01/43 | 212 | 203,015 | ||||
3.500% | 04/01/43 | 289 | 275,923 | ||||
3.500% | 01/01/46 | 552 | 520,812 | ||||
3.500% | 07/01/46 | 362 | 341,880 | ||||
3.500% | 11/01/46 | 424 | 400,576 | ||||
3.500% | 09/01/47 | 231 | 217,638 | ||||
3.500% | 01/01/48 | 1,963 | 1,852,508 | ||||
3.500% | 05/01/48 | 391 | 368,920 | ||||
3.500% | 06/01/48 | 396 | 373,855 | ||||
3.500% | 07/01/48 | 234 | 221,580 | ||||
3.500% | 03/01/49 | 4,618 | 4,357,374 | ||||
3.500% | 05/01/49 | 334 | 315,770 | ||||
3.500% | 06/01/49 | 194 | 182,748 | ||||
3.500% | 02/01/52 | 2,434 | 2,280,395 | ||||
3.500% | 03/01/52 | 834 | 787,533 | ||||
4.000% | 10/01/41 | 810 | 801,096 | ||||
4.000% | 09/01/44 | 576 | 563,670 | ||||
4.000% | 10/01/46 | 198 | 192,250 | ||||
4.000% | 02/01/47 | 101 | 97,933 | ||||
4.000% | 09/01/47 | 359 | 349,405 | ||||
4.000% | 11/01/47 | 249 | 244,125 | ||||
4.000% | 11/01/47 | 521 | 508,709 | ||||
4.000% | 03/01/49 | 2,298 | 2,235,537 | ||||
4.000% | 04/01/52 | 412 | 395,962 | ||||
4.000% | 06/01/52 | 4,780 | 4,589,976 | ||||
4.000% | 07/01/52 | 1,930 | 1,862,039 | ||||
4.000% | 10/01/52 | 884 | 849,016 | ||||
4.000% | 12/01/52 | 4,864 | 4,671,460 | ||||
4.500% | 07/01/33 | 16 | 16,211 | ||||
4.500% | 08/01/33 | 17 | 16,812 | ||||
4.500% | 09/01/33 | 39 | 38,664 | ||||
4.500% | 10/01/33 | 2 | 2,222 | ||||
4.500% | 10/01/33 | 15 | 14,908 | ||||
4.500% | 10/01/33 | 41 | 41,493 | ||||
4.500% | 01/01/35 | 1 | 538 | ||||
4.500% | 07/01/39 | 313 | 316,099 |
A25
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
4.500% | 08/01/39 | 426 | $430,941 | ||||
4.500% | 03/01/41 | 145 | 147,019 | ||||
4.500% | 11/01/47 | 848 | 844,055 | ||||
4.500% | 01/01/49 | 123 | 122,626 | ||||
4.500% | 06/01/52 | 1,460 | 1,434,794 | ||||
4.500% | 01/01/53 | 2,502 | 2,461,111 | ||||
5.000% | 03/01/34 | 82 | 83,949 | ||||
5.000% | 06/01/35 | 30 | 30,303 | ||||
5.000% | 07/01/35 | 43 | 43,921 | ||||
5.000% | 09/01/35 | 39 | 39,723 | ||||
5.000% | 11/01/35 | 43 | 44,294 | ||||
5.000% | 02/01/36 | 37 | 38,402 | ||||
5.000% | 05/01/36 | 19 | 19,395 | ||||
5.000% | 06/01/49 | 425 | 432,038 | ||||
5.000% | 06/01/52 | 435 | 436,096 | ||||
5.000% | 09/01/52 | 429 | 429,758 | ||||
5.000% | 10/01/52 | 961 | 961,751 | ||||
5.000% | 02/01/53 | 3,313 | 3,313,993 | ||||
5.500% | 09/01/33 | 79 | 81,277 | ||||
5.500% | 10/01/33 | 36 | 37,118 | ||||
5.500% | 12/01/33 | 19 | 19,538 | ||||
5.500% | 01/01/34 | —(r) | 436 | ||||
5.500% | 12/01/34 | 74 | 76,071 | ||||
5.500% | 10/01/35 | 119 | 121,886 | ||||
5.500% | 03/01/36 | 40 | 41,396 | ||||
5.500% | 05/01/36 | 80 | 81,880 | ||||
5.500% | 04/01/37 | 34 | 35,611 | ||||
5.500% | 04/01/53 | 965 | 976,665 | ||||
5.500% | 12/01/53 | 1,000 | 1,011,570 | ||||
6.000% | 04/01/33 | 2 | 2,196 | ||||
6.000% | 06/01/33 | 2 | 2,464 | ||||
6.000% | 10/01/33 | 113 | 116,202 | ||||
6.000% | 11/01/33 | 2 | 1,607 | ||||
6.000% | 11/01/33 | 4 | 3,610 | ||||
6.000% | 11/01/33 | 35 | 36,117 | ||||
6.000% | 01/01/34 | 158 | 165,771 | ||||
6.000% | 02/01/34 | 24 | 25,320 | ||||
6.000% | 03/01/34 | 14 | 14,168 | ||||
6.000% | 07/01/34 | 83 | 85,745 | ||||
6.000% | 08/01/34 | —(r) | 465 | ||||
6.000% | 10/01/34 | 2 | 1,761 | ||||
6.000% | 11/01/34 | 2 | 2,016 | ||||
6.000% | 11/01/34 | 6 | 6,390 | ||||
6.000% | 01/01/35 | 41 | 42,489 | ||||
6.000% | 01/01/35 | 53 | 54,856 | ||||
6.000% | 02/01/35 | 30 | 31,218 | ||||
6.000% | 02/01/35 | 84 | 88,577 | ||||
6.000% | 03/01/35 | 1 | 674 | ||||
6.000% | 04/01/35 | —(r) | 339 | ||||
6.000% | 07/01/36 | 13 | 13,897 | ||||
6.000% | 02/01/37 | 30 | 31,193 | ||||
6.000% | 05/01/37 | 11 | 11,151 | ||||
6.000% | 06/01/37 | —(r) | 237 | ||||
6.000% | 08/01/37 | 5 | 5,313 | ||||
6.000% | 09/01/37 | —(r) | 188 | ||||
6.000% | 10/01/37 | 18 | 18,499 | ||||
6.000% | 05/01/38 | 25 | 26,159 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
6.000% | 01/01/53 | 3,670 | $3,756,771 | ||||
6.000% | 09/01/53 | 1,447 | 1,479,656 | ||||
6.500% | 07/01/32 | 21 | 21,730 | ||||
6.500% | 09/01/32 | 1 | 1,078 | ||||
6.500% | 09/01/32 | 14 | 14,728 | ||||
6.500% | 09/01/32 | 29 | 30,212 | ||||
6.500% | 09/01/32 | 33 | 33,716 | ||||
6.500% | 04/01/33 | 30 | 31,398 | ||||
6.500% | 11/01/33 | 16 | 16,684 | ||||
6.500% | 01/01/34 | 7 | 7,404 | ||||
6.500% | 09/01/34 | 29 | 29,997 | ||||
6.500% | 09/01/36 | 33 | 34,916 | ||||
6.500% | 10/01/36 | 10 | 10,472 | ||||
6.500% | 01/01/37 | 32 | 33,598 | ||||
6.500% | 01/01/37 | 42 | 43,557 | ||||
6.625% | 11/15/30 | 995 | 1,151,089 | ||||
7.000% | 02/01/32 | 5 | 5,657 | ||||
7.000% | 05/01/32 | 7 | 6,896 | ||||
7.000% | 06/01/32 | 8 | 8,112 | ||||
7.000% | 07/01/32 | 12 | 12,378 | ||||
7.125% | 01/15/30(k) | 3,195 | 3,719,735 | ||||
Government National Mortgage Assoc. | |||||||
2.000% | 10/20/50 | 4,462 | 3,787,454 | ||||
2.000% | 01/20/51 | 2,390 | 2,027,831 | ||||
2.000% | 03/20/51 | 671 | 569,101 | ||||
2.000% | 07/20/51 | 937 | 794,328 | ||||
2.000% | 10/20/51 | 595 | 504,316 | ||||
2.000% | 11/20/51 | 474 | 401,794 | ||||
2.500% | 03/20/43 | 112 | 100,515 | ||||
2.500% | 12/20/46 | 200 | 179,555 | ||||
2.500% | 08/20/50 | 60 | 53,037 | ||||
2.500% | 09/20/50 | 447 | 395,048 | ||||
2.500% | 10/20/50 | 2,051 | 1,812,297 | ||||
2.500% | 11/20/50 | 1,563 | 1,380,357 | ||||
2.500% | 02/20/51 | 1,891 | 1,669,720 | ||||
2.500% | 03/20/51 | 1,049 | 925,493 | ||||
2.500% | 05/20/51 | 1,963 | 1,731,782 | ||||
2.500% | 07/20/51 | 2,401 | 2,116,758 | ||||
2.500% | 08/20/51 | 3,580 | 3,155,780 | ||||
3.000% | 12/20/44 | 74 | 68,765 | ||||
3.000% | 03/15/45 | 214 | 197,189 | ||||
3.000% | 11/20/45 | 231 | 214,105 | ||||
3.000% | 03/20/46 | 467 | 432,205 | ||||
3.000% | 07/20/46 | 1,187 | 1,097,450 | ||||
3.000% | 08/20/46 | 317 | 292,965 | ||||
3.000% | 10/20/46 | 2,275 | 2,095,057 | ||||
3.000% | 04/20/47 | 392 | 361,512 | ||||
3.000% | 12/20/49 | 132 | 120,850 | ||||
3.000% | 01/20/50 | 779 | 714,385 | ||||
3.000% | 06/20/51 | 572 | 522,678 | ||||
3.000% | 10/20/51 | 1,199 | 1,094,452 | ||||
3.000% | 11/20/51 | 421 | 383,754 | ||||
3.000% | 12/20/51 | 2,375 | 2,165,858 | ||||
3.500% | 12/20/42 | 452 | 432,890 | ||||
3.500% | 05/20/43 | 138 | 132,786 | ||||
3.500% | 04/20/45 | 398 | 379,560 | ||||
3.500% | 07/20/46 | 1,434 | 1,364,350 |
A26
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
3.500% | 07/20/48 | 1,086 | $1,029,164 | ||||
3.500% | 11/20/48 | 362 | 343,789 | ||||
3.500% | 06/20/49 | 1,344 | 1,270,011 | ||||
3.500% | 02/20/52 | 5,668 | 5,324,175 | ||||
4.000% | 06/15/40 | 27 | 26,082 | ||||
4.000% | 05/20/41 | 23 | 22,497 | ||||
4.000% | 12/20/42 | 258 | 256,518 | ||||
4.000% | 08/20/44 | 92 | 90,992 | ||||
4.000% | 11/20/45 | 177 | 174,328 | ||||
4.000% | 12/20/45 | 489 | 480,982 | ||||
4.000% | 09/20/47 | 1,310 | 1,283,657 | ||||
4.000% | 02/20/49 | 463 | 451,894 | ||||
4.000% | 01/20/50 | 183 | 178,300 | ||||
4.000% | 06/20/52 | 923 | 892,522 | ||||
4.500% | 04/15/40 | 151 | 152,700 | ||||
4.500% | 01/20/41 | 173 | 174,985 | ||||
4.500% | 02/20/41 | 272 | 275,514 | ||||
4.500% | 03/20/41 | 135 | 136,571 | ||||
4.500% | 06/20/44 | 204 | 205,855 | ||||
4.500% | 09/20/46 | 162 | 160,582 | ||||
4.500% | 11/20/46 | 211 | 212,213 | ||||
4.500% | 03/20/47 | 113 | 113,139 | ||||
4.500% | 05/20/48 | 182 | 182,414 | ||||
4.500% | 08/20/48 | 325 | 324,710 | ||||
5.000% | 10/20/37 | 46 | 47,589 | ||||
5.000% | 04/20/45 | 231 | 236,347 | ||||
5.500% | TBA | 4,500 | 4,543,334 | ||||
5.500% | 08/15/33 | 99 | 100,768 | ||||
5.500% | 08/15/33 | 128 | 133,599 | ||||
5.500% | 12/15/33 | 6 | 5,900 | ||||
5.500% | 03/15/34 | 85 | 87,823 | ||||
5.500% | 12/15/34 | 131 | 135,786 | ||||
5.500% | 07/15/35 | 24 | 25,159 | ||||
5.500% | 04/15/36 | 19 | 19,489 | ||||
5.500% | 01/20/53 | 4,509 | 4,559,676 | ||||
6.000% | 04/15/33 | 4 | 3,716 | ||||
6.000% | 12/15/33 | 55 | 56,541 | ||||
6.000% | 01/15/34 | 13 | 12,988 | ||||
6.000% | 01/15/34 | 16 | 16,235 | ||||
6.000% | 01/15/34 | 27 | 28,473 | ||||
6.000% | 06/20/34 | 43 | 45,489 | ||||
6.000% | 07/15/34 | 32 | 33,956 | ||||
6.500% | 11/15/28 | 1 | 1,450 | ||||
6.500% | 08/15/31 | 1 | 914 | ||||
6.500% | 12/15/31 | 4 | 4,666 | ||||
6.500% | 02/15/32 | 14 | 14,538 | ||||
6.500% | 06/15/32 | 8 | 8,331 | ||||
6.500% | 07/15/32 | 15 | 15,065 | ||||
6.500% | 08/15/32 | 2 | 2,029 | ||||
6.500% | 08/15/32 | 3 | 2,704 | ||||
6.500% | 08/15/32 | 5 | 5,434 | ||||
6.500% | 08/15/32 | 14 | 14,750 | ||||
6.500% | 08/15/32 | 75 | 78,319 | ||||
6.500% | 08/15/34 | 16 | 17,226 | ||||
6.500% | 06/15/35 | 13 | 13,402 | ||||
6.500% | 09/15/36 | 14 | 15,142 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
Tennessee Valley Authority, Sr. Unsec’d. Notes | |||||||
1.500% | 09/15/31 | 145 | $123,985 | ||||
4.375% | 08/01/34 | 950 | 968,528 | ||||
7.125% | 05/01/30 | 435 | 507,334 | ||||
Total U.S. Government Agency Obligations (cost $293,477,627) | 284,415,049 | ||||||
U.S. Treasury Obligations — 2.0% | |||||||
U.S. Treasury Bonds | |||||||
1.625% | 11/15/50 | 26,230 | 15,422,420 | ||||
2.250% | 05/15/41 | 1,980 | 1,534,809 | ||||
2.375% | 02/15/42 | 10 | 7,789 | ||||
3.875% | 05/15/43 | 2,185 | 2,104,087 | ||||
4.750% | 11/15/43 | 12,965 | 13,990,045 | ||||
4.750% | 11/15/53 | 11,355 | 12,545,501 | ||||
U.S. Treasury Notes | |||||||
3.625% | 09/30/31 | 50 | 49,906 | ||||
4.250% | 12/31/25 | 2,790 | 2,802,751 | ||||
U.S. Treasury Strips Coupon | |||||||
1.760%(s) | 08/15/40 | 200 | 101,266 | ||||
2.679%(s) | 11/15/43 | 2,175 | 936,015 | ||||
3.021%(s) | 11/15/41 | 7,605 | 3,615,940 | ||||
4.327%(s) | 08/15/43 | 600 | 261,023 | ||||
4.349%(s) | 02/15/43 | 20 | 8,890 | ||||
4.568%(s) | 11/15/42 | 310 | 139,597 | ||||
4.608%(s) | 11/15/48 | 160 | 54,838 | ||||
4.924%(s) | 02/15/49 | 465 | 158,136 | ||||
5.331%(s) | 02/15/40 | 755 | 392,276 | ||||
Total U.S. Treasury Obligations (cost $55,170,566) | 54,125,289 | ||||||
Total Long-Term Investments (cost $1,339,826,141) | 2,435,046,436 |
Shares | |||||
Short-Term Investments — 11.2% | |||||
Affiliated Mutual Funds — 11.2% | |||||
PGIM Core Ultra Short Bond Fund(wb) | 274,194,607 | 274,194,607 | |||
PGIM Institutional Money Market Fund (7-day effective yield 5.160%) (cost $30,738,140; includes $30,599,881 of cash collateral for securities on loan)(b)(wb) | 30,816,765 | 30,804,438 | |||
Total Affiliated Mutual Funds (cost $304,932,747) | 304,999,045 |
A27
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Treasury Obligation(k)(n) — 0.0% | |||||||
U.S. Treasury Bills | |||||||
4.799% | 12/19/24 | 540 | $534,663 | ||||
(cost $534,383) | |||||||
Total Short-Term Investments (cost $305,467,130) | 305,533,708 | ||||||
TOTAL INVESTMENTS—100.7% (cost $1,645,293,271) | 2,740,580,144 | ||||||
Liabilities in excess of other assets(z) — (0.7)% | (19,352,864) | ||||||
Net Assets — 100.0% | $2,721,227,280 |
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 |
BOA | Bank of America, N.A. |
CDX | Credit Derivative Index |
CLO | Collateralized Loan Obligation |
CVA | Certificate Van Aandelen (Bearer) |
DAC | Designated Activity Company |
DB | Deutsche Bank AG |
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 |
HSBC | HSBC Bank PLC |
IO | Interest Only (Principal amount represents notional) |
JPM | JPMorgan Chase Bank N.A. |
LP | Limited Partnership |
MSCI | Morgan Stanley Capital International |
MSI | Morgan Stanley & Co International PLC |
MTN | Medium Term Note |
OTC | Over-the-counter |
PJSC | Public Joint-Stock Company |
PO | Principal Only |
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 |
* | Non-income producing security. |
# | Principal or notional amount is shown in U.S. dollars unless otherwise stated. |
^ | Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $550,784 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 $30,052,742; cash collateral of $30,599,881 (included in liabilities) was received with which the Portfolio purchased highly liquid short-term investments. In the event of significant appreciation in value of securities on loan on the last business day of the reporting period, the Portfolio may reflect a collateral value that is less than the market value of the loaned securities and such shortfall is remedied the following business day. |
(b) | Represents security, or portion thereof, purchased with cash collateral received for securities on loan and includes dividend reinvestment. |
(c) | Variable rate instrument. The interest rate shown reflects the rate in effect at September 30, 2024. |
(cc) | Variable rate instrument. The rate shown is based on the latest available information as of September 30, 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. |
(k) | Represents security, or a portion thereof, segregated as collateral for centrally cleared/exchange-traded derivatives. |
(n) | Rate shown reflects yield to maturity at purchased date. |
(oo) | Perpetual security. Maturity date represents next call date. |
(r) | Principal or notional amount is less than $500 par. |
(s) | Represents zero coupon bond or principal only security. Rate represents yield to maturity at purchase date. |
(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: |
A28
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2024 (unaudited) |
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 | 10/15/24 | $(1,000) | $(826,561) | ||||||
Federal National Mortgage Assoc. | 3.000% | TBA | 11/14/24 | (8,500) | (7,637,041) | ||||||
Federal National Mortgage Assoc. | 3.500% | TBA | 11/14/24 | (4,000) | (3,727,639) | ||||||
Federal National Mortgage Assoc. | 4.500% | TBA | 10/15/24 | (2,500) | (2,457,568) | ||||||
Federal National Mortgage Assoc. | 5.000% | TBA | 10/15/24 | (2,000) | (1,998,672) | ||||||
Federal National Mortgage Assoc. | 5.500% | TBA | 11/14/24 | (1,500) | (1,517,369) | ||||||
Government National Mortgage Assoc. | 3.000% | TBA | 10/21/24 | (4,500) | (4,103,081) | ||||||
Government National Mortgage Assoc. | 3.500% | TBA | 10/21/24 | (1,000) | (939,449) | ||||||
TOTAL FORWARD COMMITMENT CONTRACTS (proceeds receivable $23,286,914) | $(23,207,380) |
Futures contracts outstanding at September 30, 2024: | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Long Positions: | ||||||||
198 | 2 Year U.S. Treasury Notes | Dec. 2024 | $41,231,953 | $125,148 | ||||
370 | 5 Year U.S. Treasury Notes | Dec. 2024 | 40,656,640 | (46,299) | ||||
325 | 10 Year U.S. Treasury Notes | Dec. 2024 | 37,141,406 | 25,903 | ||||
124 | 10 Year U.S. Ultra Treasury Notes | Dec. 2024 | 14,668,813 | (32,063) | ||||
60 | 20 Year U.S. Treasury Bonds | Dec. 2024 | 7,451,250 | 18,833 | ||||
7 | 30 Year U.S. Ultra Treasury Bonds | Dec. 2024 | 931,656 | (5,997) | ||||
2 | Mini MSCI EAFE Index | Dec. 2024 | 248,780 | 5,071 | ||||
29 | S&P 500 E-Mini Index | Dec. 2024 | 8,430,663 | 179,456 | ||||
270,052 | ||||||||
Short Position: | ||||||||
15 | 5 Year Euro-Bobl | Dec. 2024 | 2,004,505 | (15,621) | ||||
$254,431 |
Forward foreign currency exchange
contracts outstanding at September 30, 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 10/02/24 | HSBC | GBP | 4,755 | $6,365,913 | $6,357,807 | $— | $(8,106) | ||||||
Euro, | |||||||||||||
Expiring 10/02/24 | HSBC | EUR | 625 | 693,374 | 695,971 | 2,597 | — | ||||||
Expiring 10/02/24 | SSB | EUR | 41,621 | 46,378,014 | 46,333,753 | — | (44,261) | ||||||
$53,437,301 | $53,387,531 | 2,597 | (52,367) |
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
British Pound, | |||||||||||||
Expiring 10/02/24 | MSI | GBP | 4,755 | $6,278,398 | $6,357,807 | $— | $(79,409) | ||||||
Expiring 11/05/24 | HSBC | GBP | 4,755 | 6,365,647 | 6,357,630 | 8,017 | — | ||||||
Euro, | |||||||||||||
Expiring 10/02/24 | HSBC | EUR | 41,719 | 46,638,540 | 46,443,193 | 195,347 | — | ||||||
Expiring 10/02/24 | MSI | EUR | 527 | 583,762 | 586,531 | — | (2,769) |
A29
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2024 (unaudited) |
Forward foreign currency exchange
contracts outstanding at September 30, 2024 (continued):
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Euro (cont’d.), | |||||||||||||
Expiring 11/05/24 | SSB | EUR | 41,621 | $46,443,525 | $46,402,140 | $41,385 | $— | ||||||
$106,309,872 | $106,147,301 | 244,749 | (82,178) | ||||||||||
$247,346 | $(134,545) |
Credit default swap agreements
outstanding at September 30, 2024:
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 | $(23,395) | $57,293 | $(80,688) | BARC | |||||||||
Credit Suisse Group AG | 06/20/26 | 1.000%(Q) | 2,000 | (23,395) | 55,885 | (79,280) | BARC | |||||||||
Credit Suisse Group AG | 06/20/26 | 1.000%(Q) | 2,000 | (23,395) | 62,865 | (86,260) | BARC | |||||||||
U.S. Treasury Notes | 06/20/25 | 0.250%(Q) | EUR | 1,865 | (1,029) | (725) | (304) | BARC | ||||||||
U.S. Treasury Notes | 06/20/25 | 0.250%(Q) | EUR | 620 | (342) | (240) | (102) | BARC | ||||||||
$(71,556) | $175,078 | $(246,634) |
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at September 30, 2024(4) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2): | |||||||||||||||||
Bank of America Corp. | 12/20/25 | 1.000%(Q) | 1,230 | 0.277% | $11,055 | $10,784 | $271 | GSI | |||||||||
Citigroup, Inc. | 12/20/25 | 1.000%(Q) | 1,230 | 0.245% | 11,520 | 10,933 | 587 | GSI | |||||||||
Morgan Stanley | 12/20/25 | 1.000%(Q) | 1,230 | 0.263% | 11,259 | 10,784 | 475 | GSI | |||||||||
U.S. Treasury Notes | 12/20/24 | 0.250%(Q) | EUR | 1,865 | 0.147% | 634 | 668 | (34) | BARC | ||||||||
U.S. Treasury Notes | 12/20/24 | 0.250%(Q) | EUR | 650 | 0.147% | 221 | 311 | (90) | DB | ||||||||
U.S. Treasury Notes | 12/20/24 | 0.250%(Q) | EUR | 620 | 0.147% | 211 | 221 | (10) | BARC | ||||||||
$34,900 | $33,701 | $1,199 |
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at September 30, 2024(4) | Value at Trade Date | Value at September 30, 2024 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2): | |||||||||||||||
CDX.NA.IG.43.V1 | 12/20/29 | 1.000%(Q) | 45,430 | 0.528% | $1,029,280 | $1,029,574 | $294 |
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 |
A30
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2024 (unaudited) |
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. |
Interest rate swap agreements
outstanding at September 30, 2024:
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at September 30, 2024 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements: | ||||||||||||||
3,816 | 03/08/25 | 4.946%(A) | 1 Day SOFR(2)(A)/ 4.960% | $— | $(2,249) | $(2,249) | ||||||||
4,664 | 03/09/25 | 5.110%(A) | 1 Day SOFR(2)(A)/ 4.960% | — | 4,993 | 4,993 | ||||||||
10,650 | 03/10/25 | 5.088%(A) | 1 Day SOFR(2)(A)/ 4.960% | — | 9,172 | 9,172 | ||||||||
20,590 | 05/17/25 | 5.113%(T) | 1 Day SOFR(2)(T)/ 4.960% | — | 91,992 | 91,992 | ||||||||
12,880 | 08/31/25 | 4.805%(A) | 1 Day SOFR(1)(A)/ 4.960% | — | (95,087) | (95,087) | ||||||||
10,550 | 05/17/26 | 4.669%(A) | 1 Day SOFR(1)(A)/ 4.960% | — | (155,677) | (155,677) | ||||||||
1,410 | 09/25/26 | 4.699%(A) | 1 Day SOFR(1)(A)/ 4.960% | 261 | (33,399) | (33,660) | ||||||||
14,315 | 05/13/27 | 4.497%(A) | 1 Day SOFR(2)(A)/ 4.960% | 4,656 | 353,768 | 349,112 | ||||||||
8,910 | 05/13/29 | 4.253%(A) | 1 Day SOFR(1)(A)/ 4.960% | (9,474) | (333,092) | (323,618) | ||||||||
1,655 | 05/11/54 | 1.350%(A) | 1 Day SOFR(1)(A)/ 4.960% | 755,453 | 636,754 | (118,699) | ||||||||
$750,896 | $477,175 | $(273,721) |
(1) | The Portfolio pays the fixed rate and receives the floating rate. |
(2) | The Portfolio pays the floating rate and receives the fixed rate. |
Total return swap agreements outstanding at September 30, 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)/ 4.290% | JPM | 03/20/25 | (5,553) | $60,260 | $— | $60,260 | |||||||
U.S. Treasury Bond(T) | 1 Day USOIS +20bps(T)/ 5.030% | JPM | 01/13/25 | 13,235 | 319,509 | — | 319,509 | |||||||
U.S. Treasury Bond(T) | 1 Day USOIS +20bps(T)/ 5.030% | JPM | 01/24/25 | 11,085 | 216,457 | — | 216,457 | |||||||
U.S. Treasury Bond(T) | 1 Day USOIS +22bps(T)/ 5.050% | GSI | 01/24/25 | 12,240 | 282,251 | — | 282,251 | |||||||
U.S. Treasury Bond(T) | 1 Day USOIS +23bps(T)/ 5.060% | GSI | 01/29/25 | 15,800 | 451,010 | — | 451,010 | |||||||
U.S. Treasury Bond(T) | 1 Day USOIS +20bps(T)/ 5.030% | JPM | 01/30/25 | 10,220 | 263,781 | — | 263,781 |
A31
PSF PGIM 50/50 BALANCED
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2024 (unaudited) |
Total return swap agreements outstanding at September 30, 2024 (continued): | ||||||||||||||
Reference Entity | Financing Rate | Counterparty | Termination Date | Long (Short) Notional Amount (000)#(1) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation)(2) | |||||||
OTC Total Return Swap Agreements (cont’d.): | ||||||||||||||
U.S. Treasury Bond(T) | 1 Day USOIS +24bps(T)/ 5.070% | BOA | 02/11/25 | 19,230 | $208,084 | $— | $208,084 | |||||||
U.S. Treasury Bond(T) | 1 Day USOIS +25bps(T)/ 5.080% | JPM | 02/25/25 | 13,010 | 16,037 | — | 16,037 | |||||||
$1,817,389 | $— | $1,817,389 |
(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).
A32