PGIM Jennison Global Infrastructure Fund
Schedule of Investments as of July 31, 2020 (unaudited)
Description | Shares | Value | |||
Long-Term Investments 98.5% | |||||
Common Stocks 96.1% | |||||
Australia 9.7% | |||||
APA Group | 79,851 | $626,233 | |||
Atlas Arteria Ltd. | 205,381 | 969,924 | |||
Cleanaway Waste Management Ltd. | 421,022 | 634,219 | |||
Spark Infrastructure Group | 420,956 | 680,939 | |||
Transurban Group | 74,927 | 740,500 | |||
3,651,815 | |||||
Brazil 1.1% | |||||
Rumo SA* | 95,219 | 408,325 | |||
Canada 4.5% | |||||
Canadian National Railway Co. | 3,962 | 387,016 | |||
Enbridge, Inc. | 23,433 | 749,989 | |||
TC Energy Corp. | 11,999 | 546,895 | |||
1,683,900 | |||||
China 0.8% | |||||
China Tower Corp. Ltd. (Class H Stock), 144A | 1,546,472 | 280,945 | |||
Denmark 3.3% | |||||
Orsted A/S, 144A | 8,857 | 1,256,935 | |||
France 7.0% | |||||
Eiffage SA* | 11,964 | 1,039,930 | |||
Getlink SE* | 15,405 | 230,529 | |||
Vinci SA | 15,922 | 1,360,947 | |||
2,631,406 | |||||
Germany 5.3% | |||||
RWE AG | 52,690 | 1,983,400 | |||
Italy 3.8% | |||||
Enel SpA | 158,132 | 1,437,009 | |||
Spain 12.2% | |||||
Aena SME SA, 144A* | 4,709 | 611,166 | |||
Cellnex Telecom SA, 144A | 27,520 | 1,721,229 | |||
Ferrovial SA | 39,018 | 946,446 |
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PGIM Jennison Global Infrastructure Fund
Schedule of Investments as of July 31, 2020 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Spain (cont’d.) | |||||
Iberdrola SA | 101,154 | $1,292,441 | |||
Iberdrola SA* | 2,298 | 29,361 | |||
4,600,643 | |||||
United States 48.4% | |||||
Alliant Energy Corp. | 11,265 | 606,620 | |||
American Electric Power Co., Inc. | 9,849 | 855,681 | |||
American Tower Corp., REIT | 3,630 | 948,846 | |||
Cheniere Energy, Inc.* | 15,579 | 770,849 | |||
Crown Castle International Corp., REIT | 4,463 | 743,982 | |||
Dominion Energy, Inc. | 13,340 | 1,080,940 | |||
Edison International | 12,614 | 702,221 | |||
Equinix, Inc., REIT | 1,495 | 1,174,293 | |||
Equitrans Midstream Corp. | 39,789 | 383,964 | |||
Essential Utilities, Inc. | 18,674 | 846,866 | |||
Exelon Corp. | 8,977 | 346,602 | |||
FirstEnergy Corp. | 37,010 | 1,073,290 | |||
Kinder Morgan, Inc. | 20,993 | 296,001 | |||
NextEra Energy, Inc. | 7,750 | 2,175,425 | |||
Norfolk Southern Corp. | 4,644 | 892,623 | |||
SBA Communications Corp., REIT | 2,426 | 755,796 | |||
Sempra Energy | 7,665 | 953,986 | |||
Union Pacific Corp. | 7,233 | 1,253,841 | |||
Waste Connections, Inc. | 9,289 | 950,915 | |||
Waste Management, Inc. | 5,295 | 580,332 | |||
Williams Cos., Inc. (The) | 42,199 | 807,267 | |||
18,200,340 | |||||
Total Common Stocks (cost $27,752,405) | 36,134,718 | ||||
Preferred Stock 2.1% | |||||
Canada | |||||
GFL Environmental, Inc., CVT, 6.000% (cost $690,621) | 13,903 | 769,253 |
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PGIM Jennison Global Infrastructure Fund
Schedule of Investments as of July 31, 2020 (unaudited) (continued)
Description | Units | Value | |||
Rights* 0.3% | |||||
Spain | |||||
Cellnex Telecom SA, expiring 08/07/20 (cost $0) | 27,520 | $115,081 | |||
Total Long-Term Investments (cost $28,443,026) | 37,019,052 |
Shares | |||||
Short-Term Investment 1.6% | |||||
Affiliated Mutual Fund | |||||
PGIM Core Ultra Short Bond Fund (cost $609,660)(w) | 609,660 | 609,660 | |||
TOTAL INVESTMENTS 100.1% (cost $29,052,686) | 37,628,712 | ||||
Liabilities in excess of other assets (0.1)% | (31,207) | ||||
Net Assets 100.0% | $37,597,505 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: |
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. | |
CVT—Convertible Security | |
REITs—Real Estate Investment Trust |
* | Non-income producing security. |
(w) | PGIM Investments LLC, the manager of the Series, also serves as manager of the PGIM Core Ultra Short Bond Fund. |
Other information regarding the Series is available in the Series’ most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
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