PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited)
Description | Shares | Value | |||
Long-Term Investments 98.4% | |||||
Common Stocks 63.6% | |||||
Aerospace & Defense 1.1% | |||||
Curtiss-Wright Corp. | 1,300 | $154,388 | |||
General Dynamics Corp. | 17,100 | 3,219,246 | |||
Huntington Ingalls Industries, Inc. | 1,500 | 316,125 | |||
Lockheed Martin Corp. | 10,677 | 4,039,643 | |||
Moog, Inc. (Class A Stock) | 200 | 16,812 | |||
Northrop Grumman Corp. | 1,000 | 363,430 | |||
Raytheon Technologies Corp. | 33,957 | 2,896,872 | |||
Teledyne Technologies, Inc.* | 3,300 | 1,382,139 | |||
Vectrus, Inc.* | 3,280 | 156,095 | |||
12,544,750 | |||||
Air Freight & Logistics 0.3% | |||||
Deutsche Post AG (Germany) | 19,415 | 1,322,267 | |||
Radiant Logistics, Inc.* | 14,539 | 100,755 | |||
SG Holdings Co. Ltd. (Japan) | 9,900 | 259,682 | |||
United Parcel Service, Inc. (Class B Stock) | 6,100 | 1,268,617 | |||
Yamato Holdings Co. Ltd. (Japan) | 1,900 | 54,051 | |||
3,005,372 | |||||
Airlines 0.0% | |||||
SkyWest, Inc.* | 3,260 | 140,408 | |||
Auto Components 0.3% | |||||
Adient PLC* | 7,800 | 352,560 | |||
American Axle & Manufacturing Holdings, Inc.* | 2,800 | 28,980 | |||
Dana, Inc. | 8,202 | 194,880 | |||
Goodyear Tire & Rubber Co. (The)* | 6,900 | 118,335 | |||
Hankook Tire & Technology Co. Ltd. (South Korea) | 1,180 | 54,151 | |||
Magna International, Inc. (Canada) | 11,400 | 1,055,484 | |||
Modine Manufacturing Co.* | 1,000 | 16,590 | |||
Tenneco, Inc. (Class A Stock)* | 17,300 | 334,236 | |||
Tianneng Power International Ltd. (China) | 306,000 | 536,255 | |||
TPR Co. Ltd. (Japan) | 5,800 | 77,015 | |||
2,768,486 | |||||
Automobiles 0.8% | |||||
Daimler AG (Germany) | 12,322 | 1,101,877 | |||
Ford Otomotiv Sanayi A/S (Turkey) | 11,172 | 219,289 | |||
General Motors Co.* | 64,460 | 3,814,098 | |||
Harley-Davidson, Inc. | 3,400 | 155,788 |
1
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Automobiles (cont’d.) | |||||
Isuzu Motors Ltd. (Japan) | 4,200 | $55,360 | |||
Kia Corp. (South Korea) | 10,728 | 854,549 | |||
Tesla, Inc.* | 2,400 | 1,631,280 | |||
Toyota Motor Corp. (Japan) | 1,654 | 144,499 | |||
Trigano SA (France) | 3,861 | 799,673 | |||
Volkswagen AG (Germany) | 168 | 55,322 | |||
Winnebago Industries, Inc. | 3,700 | 251,452 | |||
Yamaha Motor Co. Ltd. (Japan) | 2,000 | 54,303 | |||
9,137,490 | |||||
Banks 3.6% | |||||
Al Rajhi Bank (Saudi Arabia) | 6,222 | 184,195 | |||
Australia & New Zealand Banking Group Ltd. (Australia) | 3,556 | 75,243 | |||
Banco do Brasil SA (Brazil) | 106,800 | 689,697 | |||
Banco Santander Brasil SA (Brazil), UTS | 13,300 | 108,645 | |||
Banco Santander Chile (Chile) | 6,511,743 | 321,956 | |||
Bank of China Ltd. (China) (Class H Stock) | 1,430,000 | 513,878 | |||
Bank of Communications Co. Ltd. (China) (Class H Stock) | 1,103,000 | 741,764 | |||
Bank of Montreal (Canada) | 3,300 | 338,253 | |||
Bank of Nova Scotia (The) (Canada) | 6,200 | 403,230 | |||
Bank of NT Butterfield & Son Ltd. (The) (Bermuda) | 6,498 | 230,354 | |||
BNP Paribas SA (France) | 13,266 | 831,376 | |||
Canadian Imperial Bank of Commerce (Canada) | 2,300 | 261,821 | |||
Capstar Financial Holdings, Inc. | 2,000 | 41,000 | |||
Chiba Bank Ltd. (The) (Japan) | 8,400 | 50,798 | |||
China CITIC Bank Corp. Ltd. (China) (Class H Stock) | 120,000 | 56,889 | |||
China Construction Bank Corp. (China) (Class H Stock) | 1,362,000 | 1,070,183 | |||
Citigroup, Inc. | 69,656 | 4,928,162 | |||
Civista Bancshares, Inc. | 2,000 | 44,200 | |||
CNB Financial Corp. | 3,476 | 79,322 | |||
ConnectOne Bancorp, Inc. | 3,199 | 83,718 | |||
Credit Agricole SA (France) | 5,800 | 81,375 | |||
CTBC Financial Holding Co. Ltd. (Taiwan) | 90,000 | 73,349 | |||
Customers Bancorp, Inc.* | 8,560 | 333,754 | |||
DBS Group Holdings Ltd. (Singapore) | 47,000 | 1,049,593 | |||
DGB Financial Group, Inc. (South Korea) | 29,547 | 244,954 | |||
DNB ASA (Norway) | 11,032 | 240,592 | |||
Financial Institutions, Inc. | 7,252 | 217,560 | |||
First Internet Bancorp | 2,988 | 92,568 | |||
Flushing Financial Corp. | 2,400 | 51,432 | |||
Great Western Bancorp, Inc. | 400 | 13,116 | |||
Gunma Bank Ltd. (The) (Japan) | 30,400 | 95,976 | |||
Hana Financial Group, Inc. (South Korea) | 21,901 | 898,658 | |||
Hancock Whitney Corp. | 5,500 | 244,420 |
2
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Banks (cont’d.) | |||||
Hanmi Financial Corp. | 2,300 | $43,838 | |||
Heartland Financial USA, Inc. | 5,780 | 271,602 | |||
Hilltop Holdings, Inc. | 7,940 | 289,016 | |||
Hope Bancorp, Inc. | 13,120 | 186,042 | |||
Independent Bank Corp. | 700 | 15,197 | |||
Industrial & Commercial Bank of China Ltd. (China) (Class H Stock) | 320,000 | 187,700 | |||
Industrial Bank Co. Ltd. (China) (Class A Stock) | 31,200 | 99,228 | |||
JPMorgan Chase & Co. | 56,824 | 8,838,405 | |||
KB Financial Group, Inc. (South Korea) | 19,192 | 952,795 | |||
Metropolitan Bank Holding Corp.* | 1,500 | 90,330 | |||
Midland States Bancorp, Inc. | 2,600 | 68,302 | |||
MidWestOne Financial Group, Inc. | 4,483 | 128,976 | |||
Mitsubishi UFJ Financial Group, Inc. (Japan) | 63,500 | 342,776 | |||
Mizuho Financial Group, Inc. (Japan) | 12,100 | 173,094 | |||
National Bank of Canada (Canada) | 13,000 | 972,903 | |||
Nishi-Nippon Financial Holdings, Inc. (Japan) | 63,800 | 364,558 | |||
Nordea Bank Abp (Finland) | 68,007 | 758,065 | |||
OFG Bancorp (Puerto Rico) | 13,187 | 291,696 | |||
Old Second Bancorp, Inc. | 3,918 | 48,583 | |||
Orrstown Financial Services, Inc. | 887 | 20,463 | |||
Oversea-Chinese Banking Corp. Ltd. (Singapore) | 17,200 | 153,245 | |||
Primis Financial Corp. | 5,580 | 85,151 | |||
Public Bank Bhd (Malaysia) | 71,000 | 70,461 | |||
QCR Holdings, Inc. | 4,273 | 205,489 | |||
RBB Bancorp | 2,700 | 65,394 | |||
Royal Bank of Canada (Canada) | 5,200 | 526,838 | |||
S&T Bancorp, Inc. | 500 | 15,650 | |||
Sberbank of Russia PJSC (Russia) | 234,080 | 978,814 | |||
Skandinaviska Enskilda Banken AB (Sweden) (Class A Stock) | 8,385 | 108,395 | |||
Sumitomo Mitsui Financial Group, Inc. (Japan) | 6,500 | 223,593 | |||
Svenska Handelsbanken AB (Sweden) (Class A Stock) | 46,340 | 524,031 | |||
Toronto-Dominion Bank (The) (Canada) | 11,800 | 826,933 | |||
United Overseas Bank Ltd. (Singapore) | 7,800 | 150,360 | |||
Valley National Bancorp | 13,860 | 186,140 | |||
Wells Fargo & Co. | 141,420 | 6,404,912 | |||
WesBanco, Inc. | 2,200 | 78,386 | |||
39,439,392 | |||||
Beverages 0.6% | |||||
Anadolu Efes Biracilik Ve Malt Sanayii A/S (Turkey) | 41,552 | 106,491 | |||
Carlsberg A/S (Denmark) (Class B Stock) | 852 | 158,917 | |||
Coca-Cola Co. (The) | 102,900 | 5,567,919 |
3
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Beverages (cont’d.) | |||||
National Beverage Corp. | 5,560 | $262,599 | |||
PepsiCo, Inc. | 4,700 | 696,399 | |||
6,792,325 | |||||
Biotechnology 1.1% | |||||
AbbVie, Inc. | 31,905 | 3,593,779 | |||
Agios Pharmaceuticals, Inc.* | 5,100 | 281,061 | |||
Alkermes PLC* | 11,400 | 279,528 | |||
Arena Pharmaceuticals, Inc.* | 200 | 13,640 | |||
Arrowhead Pharmaceuticals, Inc.* | 2,700 | 223,614 | |||
Avid Bioservices, Inc.* | 6,700 | 171,855 | |||
Blueprint Medicines Corp.* | 2,100 | 184,716 | |||
Bridgebio Pharma, Inc.* | 400 | 24,384 | |||
CareDx, Inc.* | 4,000 | 366,080 | |||
Catalyst Pharmaceuticals, Inc.* | 57,120 | 328,440 | |||
Denali Therapeutics, Inc.* | 5,200 | 407,888 | |||
Eagle Pharmaceuticals, Inc.* | 5,880 | 251,664 | |||
Emergent BioSolutions, Inc.* | 4,464 | 281,187 | |||
Gilead Sciences, Inc. | 38,289 | 2,636,580 | |||
Halozyme Therapeutics, Inc.* | 1,000 | 45,410 | |||
Ironwood Pharmaceuticals, Inc.* | 22,800 | 293,436 | |||
Kodiak Sciences, Inc.* | 600 | 55,800 | |||
Myriad Genetics, Inc.* | 6,500 | 198,770 | |||
OPKO Health, Inc.* | 69,760 | 282,528 | |||
Organogenesis Holdings, Inc.* | 12,500 | 207,750 | |||
Pharma Mar SA (Spain) | 1,469 | 132,385 | |||
PTC Therapeutics, Inc.* | 2,680 | 113,284 | |||
Puma Biotechnology, Inc.* | 8,560 | 78,581 | |||
Regeneron Pharmaceuticals, Inc.* | 1,700 | 949,518 | |||
Vanda Pharmaceuticals, Inc.* | 17,377 | 373,779 | |||
11,775,657 | |||||
Building Products 0.4% | |||||
American Woodmark Corp.* | 1,680 | 137,239 | |||
Carrier Global Corp. | 24,800 | 1,205,280 | |||
Cie de Saint-Gobain (France) | 17,418 | 1,150,604 | |||
Geberit AG (Switzerland) | 990 | 743,506 | |||
JELD-WEN Holding, Inc.* | 9,500 | 249,470 | |||
Kingspan Group PLC (Ireland) | 744 | 70,367 | |||
Resideo Technologies, Inc.* | 4,200 | 126,000 |
4
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Building Products (cont’d.) | |||||
UFP Industries, Inc. | 7,077 | $526,104 | |||
Xinyi Glass Holdings Ltd. (Hong Kong) | 16,000 | 65,363 | |||
4,273,933 | |||||
Capital Markets 1.7% | |||||
3i Group PLC (United Kingdom) | 37,932 | 618,119 | |||
Ameriprise Financial, Inc. | 2,697 | 671,229 | |||
Amundi SA (France), 144A | 630 | 55,652 | |||
Daiwa Securities Group, Inc. (Japan) | 131,000 | 720,339 | |||
Donnelley Financial Solutions, Inc.* | 1,200 | 39,600 | |||
Federated Hermes, Inc. | 2,460 | 83,419 | |||
Goldman Sachs Group, Inc. (The) | 15,210 | 5,772,651 | |||
IG Group Holdings PLC (United Kingdom) | 29,213 | 344,135 | |||
Julius Baer Group Ltd. (Switzerland) | 1,144 | 74,860 | |||
Moody’s Corp. | 500 | 181,185 | |||
Morgan Stanley | 52,500 | 4,813,725 | |||
Piper Sandler Cos. | 2,300 | 297,988 | |||
Platinum Asset Management Ltd. (Australia) | 140,866 | 519,284 | |||
Raymond James Financial, Inc. | 21,000 | 2,727,900 | |||
Stifel Financial Corp. | 2,400 | 155,664 | |||
StoneX Group, Inc.* | 500 | 30,335 | |||
UBS Group AG (Switzerland) | 67,901 | 1,039,806 | |||
Value Partners Group Ltd. (Hong Kong) | 749,000 | 478,177 | |||
Virtus Investment Partners, Inc. | 970 | 269,437 | |||
18,893,505 | |||||
Chemicals 1.1% | |||||
Cabot Corp. | 3,800 | 216,334 | |||
Celanese Corp. | 6,700 | 1,015,720 | |||
Covestro AG (Germany), 144A | 6,731 | 436,151 | |||
Dow, Inc. | 25,100 | 1,588,328 | |||
DuPont de Nemours, Inc. | 5,100 | 394,791 | |||
Hawkins, Inc. | 1,504 | 49,256 | |||
Huntsman Corp. | 35,500 | 941,460 | |||
Ingevity Corp.* | 3,580 | 291,269 | |||
Kronos Worldwide, Inc. | 5,600 | 80,192 | |||
Kumho Petrochemical Co. Ltd. (South Korea) | 4,121 | 803,436 | |||
Lotte Chemical Titan Holding Bhd (Malaysia), 144A | 300,200 | 201,595 | |||
Minerals Technologies, Inc. | 800 | 62,936 | |||
Mitsui Chemicals, Inc. (Japan) | 1,800 | 62,362 | |||
Mosaic Co. (The) | 26,700 | 851,997 | |||
Olin Corp. | 8,500 | 393,210 | |||
Orion Engineered Carbons SA (Germany)* | 7,460 | 141,665 |
5
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Chemicals (cont’d.) | |||||
Sherwin-Williams Co. (The) | 11,040 | $3,007,848 | |||
Stepan Co. | 980 | 117,865 | |||
Tessenderlo Group SA (Belgium)* | 4,207 | 178,448 | |||
Trinseo SA | 5,100 | 305,184 | |||
Westlake Chemical Corp. | 7,100 | 639,639 | |||
11,779,686 | |||||
Commercial Services & Supplies 0.1% | |||||
ABM Industries, Inc. | 19,000 | 842,650 | |||
BrightView Holdings, Inc.* | 5,500 | 88,660 | |||
HNI Corp. | 3,600 | 158,292 | |||
Okamura Corp. (Japan) | 16,000 | 217,017 | |||
Tetra Tech, Inc. | 800 | 97,632 | |||
1,404,251 | |||||
Communications Equipment 0.5% | |||||
Cisco Systems, Inc. | 58,237 | 3,086,561 | |||
NETGEAR, Inc.* | 4,500 | 172,440 | |||
NetScout Systems, Inc.* | 6,359 | 181,486 | |||
Plantronics, Inc.* | 2,000 | 83,460 | |||
Ubiquiti, Inc. | 5,500 | 1,717,045 | |||
Viavi Solutions, Inc.* | 7,400 | 130,684 | |||
5,371,676 | |||||
Construction & Engineering 0.2% | |||||
EMCOR Group, Inc. | 3,750 | 461,962 | |||
Metallurgical Corp. of China Ltd. (China) (Class A Stock) | 132,000 | 60,777 | |||
Primoris Services Corp. | 7,700 | 226,611 | |||
Quanta Services, Inc. | 14,931 | 1,352,301 | |||
Skanska AB (Sweden) (Class B Stock) | 2,100 | 55,715 | |||
2,157,366 | |||||
Construction Materials 0.2% | |||||
Anhui Conch Cement Co. Ltd. (China) (Class H Stock) | 95,000 | 503,007 | |||
Buzzi Unicem SpA (Italy) | 16,450 | 436,671 | |||
China National Building Material Co. Ltd. (China) (Class H Stock) | 38,000 | 44,708 | |||
Holcim Ltd. (Switzerland)* | 3,213 | 193,260 | |||
Summit Materials, Inc. (Class A Stock)* | 7,300 | 254,405 | |||
Vicat SA (France) | 7,328 | 354,884 | |||
1,786,935 |
6
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Consumer Finance 0.7% | |||||
American Express Co. | 7,300 | $1,206,179 | |||
Capital One Financial Corp. | 28,700 | 4,439,603 | |||
Discover Financial Services | 1,800 | 212,922 | |||
Navient Corp. | 3,400 | 65,722 | |||
Regional Management Corp. | 1,800 | 83,772 | |||
Synchrony Financial | 29,000 | 1,407,080 | |||
7,415,278 | |||||
Containers & Packaging 0.0% | |||||
Greif, Inc. (Class A Stock) | 4,380 | 265,209 | |||
O-I Glass, Inc.* | 8,900 | 145,337 | |||
410,546 | |||||
Distributors 0.4% | |||||
Genuine Parts Co. | 22,200 | 2,807,634 | |||
LKQ Corp.* | 36,700 | 1,806,374 | |||
4,614,008 | |||||
Diversified Financial Services 0.4% | |||||
A-Mark Precious Metals, Inc. | 2,100 | 97,650 | |||
Berkshire Hathaway, Inc. (Class B Stock)* | 14,374 | 3,994,822 | |||
Cannae Holdings, Inc.* | 6,680 | 226,519 | |||
First Pacific Co. Ltd. (Indonesia) | 548,000 | 187,404 | |||
Yuanta Financial Holding Co. Ltd. (Taiwan)* | 69,000 | 66,564 | |||
4,572,959 | |||||
Diversified Telecommunication Services 1.1% | |||||
AT&T, Inc. | 147,456 | 4,243,784 | |||
ATN International, Inc. | 1,680 | 76,423 | |||
Deutsche Telekom AG (Germany) | 3,333 | 70,501 | |||
Nippon Telegraph & Telephone Corp. (Japan) | 18,500 | 481,415 | |||
Saudi Telecom Co. (Saudi Arabia) | 3,182 | 111,715 | |||
Swisscom AG (Switzerland) | 1,376 | 786,364 | |||
Telkom Indonesia Persero Tbk PT (Indonesia) | 3,308,800 | 719,038 | |||
Telkom SA SOC Ltd. (South Africa) | 157,736 | 512,808 | |||
Verizon Communications, Inc. | 84,140 | 4,714,364 | |||
11,716,412 | |||||
Electric Utilities 0.6% | |||||
CESC Ltd. (India) | 15,288 | 159,020 |
7
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Electric Utilities (cont’d.) | |||||
Chubu Electric Power Co., Inc. (Japan) | 4,300 | $52,524 | |||
Endesa SA (Spain) | 21,331 | 518,236 | |||
Enerjisa Enerji A/S (Turkey), 144A | 255,449 | 304,586 | |||
Evergy, Inc. | 27,900 | 1,685,997 | |||
Exelon Corp. | 55,188 | 2,445,380 | |||
Fortum OYJ (Finland) | 21,534 | 594,347 | |||
Inter RAO UES PJSC (Russia) | 4,433,000 | 284,364 | |||
Otter Tail Corp. | 5,680 | 277,241 | |||
Power Grid Corp. of India Ltd. (India) | 97,001 | 304,013 | |||
SSE PLC (United Kingdom) | 4,940 | 103,061 | |||
6,728,769 | |||||
Electrical Equipment 0.8% | |||||
ABB Ltd. (Switzerland) | 32,446 | 1,102,792 | |||
Acuity Brands, Inc. | 14,080 | 2,633,382 | |||
Atkore, Inc.* | 18,460 | 1,310,660 | |||
AZZ, Inc. | 600 | 31,068 | |||
Eaton Corp. PLC | 1,100 | 162,998 | |||
Emerson Electric Co. | 24,300 | 2,338,632 | |||
Encore Wire Corp. | 1,780 | 134,906 | |||
EnerSys | 1,100 | 107,503 | |||
Nitto Kogyo Corp. (Japan) | 8,300 | 136,230 | |||
WEG SA (Brazil) | 118,800 | 803,497 | |||
8,761,668 | |||||
Electronic Equipment, Instruments & Components 0.6% | |||||
Advanced Energy Industries, Inc. | 1,400 | 157,794 | |||
ALSO Holding AG (Switzerland)* | 776 | 224,065 | |||
Arrow Electronics, Inc.* | 1,600 | 182,128 | |||
BOE Technology Group Co. Ltd. (China) (Class A Stock) | 218,700 | 210,965 | |||
Codan Ltd. (Australia) | 4,752 | 64,372 | |||
Corning, Inc. | 15,200 | 621,680 | |||
Delta Electronics, Inc. (Taiwan) | 11,000 | 119,909 | |||
ePlus, Inc.* | 680 | 58,949 | |||
Hon Hai Precision Industry Co. Ltd. (Taiwan) | 254,000 | 1,024,575 | |||
Jabil, Inc. | 17,340 | 1,007,801 | |||
Kimball Electronics, Inc.* | 1,000 | 21,740 | |||
Maxscend Microelectronics Co. Ltd. (China) (Class A Stock) | 2,900 | 241,227 | |||
PC Connection, Inc. | 385 | 17,814 | |||
Rogers Corp.* | 1,600 | 321,280 | |||
Samsung Electro-Mechanics Co. Ltd. (South Korea) | 321 | 50,609 | |||
Sanmina Corp.* | 8,180 | 318,693 | |||
ScanSource, Inc.* | 6,280 | 176,656 |
8
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Electronic Equipment, Instruments & Components (cont’d.) | |||||
Shimadzu Corp. (Japan) | 1,500 | $58,012 | |||
SYNNEX Corp. | 6,700 | 815,792 | |||
Vishay Intertechnology, Inc. | 43,100 | 971,905 | |||
Zebra Technologies Corp. (Class A Stock)* | 900 | 476,541 | |||
7,142,507 | |||||
Energy Equipment & Services 0.3% | |||||
Halliburton Co. | 122,700 | 2,836,824 | |||
Newpark Resources, Inc.* | 37,800 | 130,788 | |||
Oceaneering International, Inc.* | 15,040 | 234,173 | |||
TETRA Technologies, Inc.* | 15,200 | 65,968 | |||
3,267,753 | |||||
Entertainment 1.1% | |||||
Activision Blizzard, Inc. | 37,980 | 3,624,811 | |||
Capcom Co. Ltd. (Japan) | 1,800 | 52,700 | |||
Cinemark Holdings, Inc.* | 600 | 13,170 | |||
Electronic Arts, Inc. | 25,660 | 3,690,678 | |||
GungHo Online Entertainment, Inc. (Japan) | 5,900 | 117,195 | |||
Konami Holdings Corp. (Japan) | 6,500 | 388,929 | |||
Lions Gate Entertainment Corp. (Class A Stock)* | 3,600 | 74,520 | |||
Lions Gate Entertainment Corp. (Class B Stock)* | 5,800 | 106,140 | |||
Netflix, Inc.* | 4,300 | 2,271,303 | |||
Nintendo Co. Ltd. (Japan) | 1,765 | 1,023,642 | |||
Playtika Holding Corp.* | 18,800 | 448,192 | |||
11,811,280 | |||||
Equity Real Estate Investment Trusts (REITs) 1.2% | |||||
Apple Hospitality REIT, Inc. | 47,128 | 719,173 | |||
Charter Hall Group (Australia) | 26,607 | 309,273 | |||
City Office REIT, Inc. | 7,700 | 95,711 | |||
Columbia Property Trust, Inc. | 7,260 | 126,251 | |||
CorePoint Lodging, Inc.* | 1,500 | 16,050 | |||
Corporate Office Properties Trust | 3,500 | 97,965 | |||
Crown Castle International Corp. | 6,000 | 1,170,600 | |||
Diversified Healthcare Trust | 35,600 | 148,808 | |||
Franklin Street Properties Corp. | 25,121 | 132,136 | |||
Gaming & Leisure Properties, Inc. | 23,193 | 1,074,532 | |||
GEO Group, Inc. (The)(a) | 22,603 | 160,933 | |||
Global Net Lease, Inc. | 1,600 | 29,600 | |||
Goodman Group (Australia) | 60,999 | 967,522 | |||
Industrial Logistics Properties Trust | 2,400 | 62,736 |
9
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Equity Real Estate Investment Trusts (REITs) (cont’d.) | |||||
Japan Real Estate Investment Corp. (Japan) | 8 | $49,219 | |||
Medical Properties Trust, Inc. | 26,100 | 524,610 | |||
National Health Investors, Inc. | 480 | 32,184 | |||
Pebblebrook Hotel Trust | 6,840 | 161,082 | |||
Piedmont Office Realty Trust, Inc. (Class A Stock) | 16,160 | 298,475 | |||
PotlatchDeltic Corp. | 24,700 | 1,312,805 | |||
Prologis, Inc. | 14,500 | 1,733,185 | |||
PS Business Parks, Inc. | 400 | 59,232 | |||
Retail Properties of America, Inc. (Class A Stock) | 10,900 | 124,805 | |||
Sabra Health Care REIT, Inc. | 13,720 | 249,704 | |||
Safestore Holdings PLC (United Kingdom) | 6,399 | 84,017 | |||
Service Properties Trust | 3,900 | 49,140 | |||
SITE Centers Corp. | 1,000 | 15,060 | |||
Stockland (Australia) | 23,780 | 82,985 | |||
Sunstone Hotel Investors, Inc.* | 5,100 | 63,342 | |||
Terreno Realty Corp. | 1,000 | 64,520 | |||
Urban Edge Properties | 3,840 | 73,344 | |||
Weyerhaeuser Co. | 86,760 | 2,986,279 | |||
Whitestone REIT | 8,100 | 66,825 | |||
13,142,103 | |||||
Food & Staples Retailing 0.8% | |||||
Alimentation Couche-Tard, Inc. (Canada) (Class B Stock) | 21,400 | 786,358 | |||
BJ’s Wholesale Club Holdings, Inc.* | 3,360 | 159,869 | |||
Etablissements Franz Colruyt NV (Belgium) | 1,596 | 89,395 | |||
Kesko OYJ (Finland) (Class B Stock) | 1,617 | 59,773 | |||
Koninklijke Ahold Delhaize NV (Netherlands) | 29,803 | 885,534 | |||
Kroger Co. (The) | 32,460 | 1,243,543 | |||
Loblaw Cos. Ltd. (Canada) | 1,000 | 61,544 | |||
Magnit PJSC (Russia), GDR | 3,360 | 48,900 | |||
North West Co., Inc. (The) (Canada) | 5,100 | 144,780 | |||
Tesco PLC (United Kingdom) | 37,838 | 116,762 | |||
Walmart, Inc. | 38,449 | 5,422,078 | |||
9,018,536 | |||||
Food Products 0.8% | |||||
Charoen Pokphand Foods PCL (Thailand) | 299,000 | 247,853 | |||
Indofood Sukses Makmur Tbk PT (Indonesia) | 758,400 | 323,402 | |||
JBS SA | 73,500 | 431,353 | |||
John B. Sanfilippo & Son, Inc. | 429 | 37,996 | |||
Kaveri Seed Co. Ltd. (India) | 17,119 | 168,956 | |||
Kraft Heinz Co. (The) | 73,600 | 3,001,408 | |||
La Doria SpA (Italy) | 6,461 | 146,157 |
10
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Food Products (cont’d.) | |||||
Mission Produce, Inc.* | 2,300 | $47,633 | |||
Mondelez International, Inc. (Class A Stock) | 2,500 | 156,100 | |||
Nestle SA (Switzerland) | 7,993 | 995,779 | |||
Sanderson Farms, Inc. | 5,700 | 1,071,429 | |||
Tyson Foods, Inc. (Class A Stock) | 23,300 | 1,718,608 | |||
Want Want China Holdings Ltd. (China) | 93,000 | 65,867 | |||
Wilmar International Ltd. (China) | 199,900 | 672,496 | |||
9,085,037 | |||||
Gas Utilities 0.1% | |||||
Beijing Enterprises Holdings Ltd. (China) | 46,000 | 163,492 | |||
New Jersey Resources Corp. | 4,800 | 189,936 | |||
ONE Gas, Inc. | 3,480 | 257,938 | |||
Snam SpA (Italy) | 8,492 | 49,037 | |||
Southwest Gas Holdings, Inc. | 4,300 | 284,617 | |||
UGI Corp. | 3,621 | 167,688 | |||
1,112,708 | |||||
Health Care Equipment & Supplies 1.8% | |||||
Abbott Laboratories | 43,720 | 5,068,459 | |||
Align Technology, Inc.* | 5,700 | 3,482,700 | |||
AngioDynamics, Inc.* | 1,240 | 33,641 | |||
Ansell Ltd. (Australia) | 18,986 | 619,802 | |||
Becton, Dickinson & Co. | 14,440 | 3,511,664 | |||
Bioventus, Inc. (Class A Stock)* | 2,500 | 44,000 | |||
Boston Scientific Corp.* | 28,300 | 1,210,108 | |||
CONMED Corp. | 100 | 13,743 | |||
Danaher Corp. | 16,360 | 4,390,370 | |||
Hoya Corp. (Japan) | 2,000 | 263,859 | |||
Intco Medical Technology Co. Ltd. (China) (Class A Stock) | 3,300 | 63,782 | |||
Integer Holdings Corp.* | 3,200 | 301,440 | |||
Meridian Bioscience, Inc.* | 10,160 | 225,349 | |||
Merit Medical Systems, Inc.* | 4,200 | 271,572 | |||
Natus Medical, Inc.* | 8,760 | 227,585 | |||
Neogen Corp.* | 3,000 | 138,120 | |||
OraSure Technologies, Inc.* | 9,100 | 92,274 | |||
Ortho Clinical Diagnostics Holdings PLC* | 3,000 | 64,230 | |||
Sonova Holding AG (Switzerland) | 786 | 296,142 | |||
Top Glove Corp. Bhd (Malaysia) | 199,500 | 199,853 | |||
20,518,693 |
11
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Health Care Providers & Services 1.9% | |||||
Agiliti, Inc.* | 5,600 | $122,472 | |||
AMN Healthcare Services, Inc.* | 2,800 | 271,544 | |||
Anthem, Inc. | 10,600 | 4,047,080 | |||
Cigna Corp. | 11,400 | 2,702,598 | |||
Community Health Systems, Inc.* | 18,900 | 291,816 | |||
Cross Country Healthcare, Inc.* | 2,100 | 34,671 | |||
Ensign Group, Inc. (The) | 2,280 | 197,608 | |||
Fresenius Medical Care AG & Co. KGaA (Germany) | 7,738 | 643,753 | |||
Fresenius SE & Co. KGaA (Germany) | 14,085 | 735,396 | |||
HCA Healthcare, Inc. | 7,200 | 1,488,528 | |||
Humana, Inc. | 1,300 | 575,536 | |||
LHC Group, Inc.* | 1,440 | 288,374 | |||
McKesson Corp. | 1,780 | 340,407 | |||
Medipal Holdings Corp. (Japan) | 28,000 | 534,681 | |||
National HealthCare Corp. | 200 | 13,980 | |||
Select Medical Holdings Corp. | 10,134 | 428,263 | |||
UnitedHealth Group, Inc. | 21,060 | 8,433,266 | |||
21,149,973 | |||||
Health Care Technology 0.1% | |||||
Computer Programs & Systems, Inc. | 4,600 | 152,858 | |||
HealthStream, Inc.* | 800 | 22,352 | |||
Multiplan Corp.* | 8,300 | 79,016 | |||
NextGen Healthcare, Inc.* | 14,875 | 246,776 | |||
Omnicell, Inc.* | 2,943 | 445,718 | |||
946,720 | |||||
Hotels, Restaurants & Leisure 1.1% | |||||
888 Holdings PLC (United Kingdom) | 14,120 | 75,250 | |||
Biglari Holdings, Inc. (Class B Stock)* | 270 | 43,057 | |||
Bloomin’ Brands, Inc.* | 4,000 | 108,560 | |||
Century Casinos, Inc.* | 4,700 | 63,121 | |||
Darden Restaurants, Inc. | 5,660 | 826,303 | |||
Del Taco Restaurants, Inc. | 15,160 | 151,752 | |||
Evolution AB (Sweden), 144A | 5,691 | 902,381 | |||
Jack in the Box, Inc. | 1,000 | 111,440 | |||
Kindred Group PLC (Malta), SDR | 52,691 | 827,829 | |||
McDonald’s Corp. | 16,320 | 3,769,757 | |||
Papa John’s International, Inc. | 1,580 | 165,015 | |||
RCI Hospitality Holdings, Inc. | 2,887 | 191,119 | |||
Red Rock Resorts, Inc. (Class A Stock)* | 2,200 | 93,500 | |||
Scientific Games Corp.* | 2,800 | 216,832 | |||
Starbucks Corp. | 38,400 | 4,293,504 |
12
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Hotels, Restaurants & Leisure (cont’d.) | |||||
Texas Roadhouse, Inc. | 3,400 | $327,080 | |||
Yum! Brands, Inc. | 1,300 | 149,539 | |||
12,316,039 | |||||
Household Durables 0.5% | |||||
Barratt Developments PLC (United Kingdom) | 4,920 | 47,321 | |||
Ecovacs Robotics Co. Ltd. (China) (Class A Stock) | 7,300 | 258,165 | |||
Electrolux AB (Sweden) (Class B Stock) | 2,100 | 58,389 | |||
Ethan Allen Interiors, Inc. | 700 | 19,320 | |||
Lennar Corp. (Class A Stock) | 2,980 | 296,063 | |||
LG Electronics, Inc. (South Korea) | 5,752 | 837,818 | |||
M/I Homes, Inc.* | 2,600 | 152,542 | |||
Meritage Homes Corp.* | 2,980 | 280,358 | |||
Panasonic Corp. (Japan) | 62,500 | 722,437 | |||
Persimmon PLC (United Kingdom) | 1,664 | 68,426 | |||
PulteGroup, Inc. | 22,800 | 1,244,196 | |||
Sekisui House Ltd. (Japan) | 5,100 | 104,481 | |||
Skyline Champion Corp.* | 11,200 | 596,960 | |||
Sony Group Corp. (Japan) | 14,050 | 1,360,030 | |||
Tri Pointe Homes, Inc.* | 1,900 | 40,717 | |||
6,087,223 | |||||
Household Products 0.3% | |||||
Kimberly-Clark de Mexico SAB de CV (Mexico) (Class A Stock) | 249,000 | 442,314 | |||
Procter & Gamble Co. (The) | 22,479 | 3,033,092 | |||
Vinda International Holdings Ltd. (Hong Kong) | 53,000 | 163,442 | |||
3,638,848 | |||||
Independent Power & Renewable Electricity Producers 0.3% | |||||
AES Corp. (The) | 111,180 | 2,898,463 | |||
China Resources Power Holdings Co. Ltd. (China) | 354,000 | 483,653 | |||
NTPC Ltd. (India) | 36,880 | 58,014 | |||
3,440,130 | |||||
Industrial Conglomerates 0.9% | |||||
3M Co. | 21,880 | 4,346,024 | |||
CITIC Ltd. (China) | 694,000 | 747,438 | |||
DCC PLC (United Kingdom) | 693 | 56,828 | |||
General Electric Co. | 120,900 | 1,627,314 |
13
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Industrial Conglomerates (cont’d.) | |||||
Honeywell International, Inc. | 11,800 | $2,588,330 | |||
Industries Qatar QSC (Qatar) | 16,460 | 59,769 | |||
9,425,703 | |||||
Insurance 1.4% | |||||
Ageas SA/NV (Belgium) | 13,915 | 771,748 | |||
Allstate Corp. (The) | 25,560 | 3,334,046 | |||
Argo Group International Holdings Ltd. | 1,200 | 62,196 | |||
Assicurazioni Generali SpA (Italy) | 5,579 | 112,053 | |||
Cathay Financial Holding Co. Ltd. (Taiwan) | 40,000 | 77,478 | |||
Chubb Ltd. | 2,600 | 413,244 | |||
Dai-ichi Life Holdings, Inc. (Japan) | 40,900 | 751,708 | |||
Employers Holdings, Inc. | 1,900 | 81,320 | |||
Fubon Financial Holding Co. Ltd. (Taiwan) | 419,000 | 1,113,547 | |||
Great-West Lifeco, Inc. (Canada) | 24,500 | 727,727 | |||
Hartford Financial Services Group, Inc. (The) | 2,600 | 161,122 | |||
Heritage Insurance Holdings, Inc. | 5,180 | 44,444 | |||
Japan Post Holdings Co. Ltd. (Japan)* | 8,400 | 68,827 | |||
Legal & General Group PLC (United Kingdom) | 94,696 | 338,119 | |||
Manulife Financial Corp. (Canada) | 48,900 | 962,536 | |||
MetLife, Inc. | 45,056 | 2,696,602 | |||
NN Group NV (Netherlands) | 15,534 | 734,251 | |||
Old Republic International Corp. | 86,680 | 2,159,199 | |||
Poste Italiane SpA (Italy), 144A | 6,386 | 84,434 | |||
Powszechny Zaklad Ubezpieczen SA (Poland)* | 5,901 | 56,901 | |||
Selective Insurance Group, Inc. | 576 | 46,742 | |||
SiriusPoint Ltd. (Bermuda)* | 4,700 | 47,329 | |||
Stewart Information Services Corp. | 3,800 | 215,422 | |||
Swiss Life Holding AG (Switzerland) | 110 | 53,510 | |||
Travelers Cos., Inc. (The) | 3,000 | 449,130 | |||
Universal Insurance Holdings, Inc. | 3,700 | 51,356 | |||
15,614,991 | |||||
Interactive Media & Services 3.5% | |||||
Alphabet, Inc. (Class A Stock)* | 4,785 | 11,683,965 | |||
Alphabet, Inc. (Class C Stock)* | 4,387 | 10,995,226 | |||
Cars.com, Inc.* | 11,980 | 171,674 | |||
Facebook, Inc. (Class A Stock)* | 42,094 | 14,636,505 | |||
QuinStreet, Inc.* | 4,580 | 85,096 | |||
Tencent Holdings Ltd. (China) | 19,900 | 1,500,805 | |||
39,073,271 |
14
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Internet & Direct Marketing Retail 2.2% | |||||
Alibaba Group Holding Ltd. (China)* | 49,600 | $1,402,000 | |||
Amazon.com, Inc.* | 6,207 | 21,353,073 | |||
HelloFresh SE (Germany)* | 739 | 72,027 | |||
Overstock.com, Inc.* | 3,200 | 295,040 | |||
Qurate Retail, Inc. (Class A Stock) | 31,900 | 417,571 | |||
Shutterstock, Inc. | 1,900 | 186,523 | |||
Stamps.com, Inc.* | 260 | 52,075 | |||
Vipshop Holdings Ltd. (China), ADR* | 27,100 | 544,168 | |||
Zalando SE (Germany), 144A* | 783 | 94,862 | |||
ZOZO, Inc. (Japan) | 11,600 | 393,418 | |||
24,810,757 | |||||
IT Services 2.6% | |||||
Accenture PLC (Class A Stock) | 21,830 | 6,435,266 | |||
Adyen NV (Netherlands), 144A* | 42 | 102,816 | |||
Amdocs Ltd. | 14,860 | 1,149,570 | |||
Automatic Data Processing, Inc. | 19,500 | 3,873,090 | |||
BM Technologies, Inc. (original cost $16,463; purchased 12/17/20)*^(f) | 1,317 | 15,544 | |||
CGI, Inc. (Canada)* | 1,200 | 108,800 | |||
Cognizant Technology Solutions Corp. (Class A Stock) | 46,620 | 3,228,901 | |||
Computacenter PLC (United Kingdom) | 1,740 | 62,390 | |||
EPAM Systems, Inc.* | 5,580 | 2,851,157 | |||
Fujitsu Ltd. (Japan) | 5,830 | 1,092,339 | |||
Gartner, Inc.* | 2,500 | 605,500 | |||
Hackett Group, Inc. (The) | 6,480 | 116,770 | |||
International Business Machines Corp. | 5,294 | 776,047 | |||
Maximus, Inc. | 3,780 | 332,527 | |||
Nomura Research Institute Ltd. (Japan) | 1,800 | 59,556 | |||
PayPal Holdings, Inc.* | 7,700 | 2,244,396 | |||
Relia, Inc. (Japan) | 5,000 | 60,969 | |||
Sykes Enterprises, Inc.* | 3,600 | 193,320 | |||
Tech Mahindra Ltd. (India) | 3,840 | 56,775 | |||
Transcosmos, Inc. (Japan) | 2,200 | 60,763 | |||
TTEC Holdings, Inc. | 2,500 | 257,725 | |||
Uchida Yoko Co. Ltd. (Japan) | 1,500 | 66,373 | |||
Visa, Inc. (Class A Stock) | 17,755 | 4,151,474 | |||
Wipro Ltd. (India) | 133,921 | 986,918 | |||
28,888,986 | |||||
Leisure Products 0.4% | |||||
Brunswick Corp. | 25,300 | 2,520,386 | |||
Giant Manufacturing Co. Ltd. (Taiwan) | 5,000 | 57,289 |
15
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Leisure Products (cont’d.) | |||||
Johnson Outdoors, Inc. (Class A Stock) | 1,300 | $157,300 | |||
Malibu Boats, Inc. (Class A Stock)* | 1,000 | 73,330 | |||
MasterCraft Boat Holdings, Inc.* | 2,459 | 64,647 | |||
Shimano, Inc. (Japan) | 3,500 | 832,122 | |||
Smith & Wesson Brands, Inc. | 10,840 | 376,148 | |||
4,081,222 | |||||
Life Sciences Tools & Services 1.1% | |||||
Agilent Technologies, Inc. | 12,600 | 1,862,406 | |||
Eurofins Scientific SE (Luxembourg)* | 7,668 | 877,979 | |||
Harvard Bioscience, Inc.* | 1,800 | 14,994 | |||
Inotiv, Inc.* | 1,100 | 29,348 | |||
IQVIA Holdings, Inc.* | 6,000 | 1,453,920 | |||
Medpace Holdings, Inc.* | 2,280 | 402,716 | |||
Mettler-Toledo International, Inc.* | 200 | 277,068 | |||
PerkinElmer, Inc. | 4,800 | 741,168 | |||
Sartorius Stedim Biotech (France) | 2,032 | 963,088 | |||
Thermo Fisher Scientific, Inc. | 11,033 | 5,565,818 | |||
Waters Corp.* | 700 | 241,927 | |||
12,430,432 | |||||
Machinery 1.5% | |||||
AGCO Corp. | 17,640 | 2,299,903 | |||
Altra Industrial Motion Corp. | 260 | 16,905 | |||
Atlas Copco AB (Sweden) (Class B Stock) | 2,056 | 108,295 | |||
CNH Industrial NV (United Kingdom) | 3,465 | 57,617 | |||
Crane Co. | 2,200 | 203,214 | |||
Cummins, Inc. | 12,100 | 2,950,101 | |||
Deere & Co. | 2,900 | 1,022,859 | |||
Dover Corp. | 1,700 | 256,020 | |||
Epiroc AB (Sweden) (Class A Stock) | 31,721 | 723,845 | |||
Franklin Electric Co., Inc. | 1,000 | 80,620 | |||
Gates Industrial Corp. PLC* | 18,124 | 327,501 | |||
Hillenbrand, Inc. | 20,000 | 881,600 | |||
Illinois Tool Works, Inc. | 800 | 178,848 | |||
Jiangsu Hengli Hydraulic Co. Ltd. (China) (Class A Stock) | 4,900 | 65,140 | |||
Meritor, Inc.* | 8,900 | 208,438 | |||
Mueller Industries, Inc. | 6,300 | 272,853 | |||
NN, Inc.* | 2,000 | 14,700 | |||
Oshkosh Corp. | 6,500 | 810,160 | |||
Otis Worldwide Corp. | 2,300 | 188,071 | |||
Parker-Hannifin Corp. | 9,500 | 2,917,545 | |||
REV Group, Inc. | 8,200 | 128,658 |
16
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Machinery (cont’d.) | |||||
Rexnord Corp. | 1,260 | $63,050 | |||
Sandvik AB (Sweden) | 5,763 | 147,413 | |||
Sany Heavy Industry Co. Ltd. (China) (Class A Stock) | 37,400 | 168,087 | |||
Shyft Group, Inc. (The) | 1,960 | 73,324 | |||
Sinotruk Hong Kong Ltd. (China) | 60,000 | 128,647 | |||
SPX Corp.* | 2,460 | 150,257 | |||
SPX FLOW, Inc. | 1,500 | 97,860 | |||
Stanley Black & Decker, Inc. | 4,800 | 983,952 | |||
Techtronic Industries Co. Ltd. (Hong Kong) | 49,000 | 855,234 | |||
Terex Corp. | 1,700 | 80,954 | |||
Zoomlion Heavy Industry Science & Technology Co. Ltd. (China) (Class A Stock) | 24,800 | 35,435 | |||
16,497,106 | |||||
Marine 0.3% | |||||
AP Moller - Maersk A/S (Denmark) (Class B Stock) | 328 | 945,079 | |||
COSCO SHIPPING Holdings Co. Ltd. (China) (Class H Stock)* | 106,500 | 269,082 | |||
Costamare, Inc. (Monaco) | 5,740 | 67,789 | |||
Eagle Bulk Shipping, Inc.* | 900 | 42,588 | |||
Evergreen Marine Corp. Taiwan Ltd. (Taiwan)* | 49,000 | 349,864 | |||
Genco Shipping & Trading Ltd. | 18,900 | 356,832 | |||
Kuehne + Nagel International AG (Switzerland) | 2,249 | 770,224 | |||
Matson, Inc. | 4,500 | 288,000 | |||
3,089,458 | |||||
Media 0.7% | |||||
Advantage Solutions, Inc.* | 1,600 | 17,264 | |||
Cogeco, Inc. (Canada) | 1,500 | 116,336 | |||
Comcast Corp. (Class A Stock) | 52,693 | 3,004,555 | |||
Corus Entertainment, Inc. (Canada) (Class B Stock) | 100,900 | 517,686 | |||
Focus Media Information Technology Co. Ltd. (China) (Class A Stock) | 132,600 | 193,199 | |||
Gray Television, Inc. | 13,160 | 307,944 | |||
Metropole Television SA (France) | 4,200 | 88,549 | |||
News Corp. (Class A Stock) | 54,000 | 1,391,580 | |||
Nexstar Media Group, Inc. (Class A Stock) | 8,700 | 1,286,556 | |||
Publicis Groupe SA (France) | 1,008 | 64,538 | |||
Quebecor, Inc. (Canada) (Class B Stock) | 7,000 | 186,689 | |||
Reach PLC (United Kingdom) | 22,754 | 86,798 | |||
TEGNA, Inc. | 16,200 | 303,912 | |||
Television Francaise 1 (France) | 60,475 | 612,816 | |||
8,178,422 |
17
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Metals & Mining 1.3% | |||||
Alcoa Corp.* | 38,200 | $1,407,288 | |||
ArcelorMittal SA (Luxembourg) | 4,250 | 131,534 | |||
BHP Group Ltd. (Australia) | 15,420 | 564,739 | |||
BHP Group PLC (Australia) | 37,936 | 1,123,912 | |||
Boliden AB (Sweden) | 1,386 | 53,430 | |||
China Hongqiao Group Ltd. (China) | 121,000 | 164,160 | |||
Cia Siderurgica Nacional SA (Brazil) | 6,900 | 60,707 | |||
Commercial Metals Co. | 2,000 | 61,440 | |||
Compass Minerals International, Inc. | 300 | 17,778 | |||
Fortescue Metals Group Ltd. (Australia) | 54,088 | 950,945 | |||
Freeport-McMoRan, Inc. | 78,300 | 2,905,713 | |||
Grupo Mexico SAB de CV (Mexico) (Class B Stock) | 168,500 | 794,234 | |||
Hunan Valin Steel Co. Ltd. (China) (Class A Stock) | 47,000 | 48,041 | |||
Impala Platinum Holdings Ltd. (South Africa) | 52,724 | 871,492 | |||
JSW Steel Ltd. (India) | 6,342 | 58,621 | |||
Kumba Iron Ore Ltd. (South Africa) | 2,912 | 130,655 | |||
Novolipetsk Steel PJSC (Russia) | 131,050 | 412,641 | |||
POSCO (South Korea) | 1,639 | 508,320 | |||
Reliance Steel & Aluminum Co. | 8,700 | 1,312,830 | |||
Rio Tinto Ltd. (Australia) | 1,960 | 187,077 | |||
Rio Tinto PLC (Australia) | 14,468 | 1,197,891 | |||
Ryerson Holding Corp.* | 3,644 | 53,202 | |||
Sibanye Stillwater Ltd. (South Africa) | 13,860 | 58,100 | |||
Tata Steel Ltd. (India) | 51,026 | 805,730 | |||
Vale SA (Brazil) | 25,400 | 577,268 | |||
Worthington Industries, Inc. | 1,960 | 119,913 | |||
14,577,661 | |||||
Mortgage Real Estate Investment Trusts (REITs) 0.1% | |||||
Ares Commercial Real Estate Corp. | 1,000 | 14,690 | |||
BrightSpire Capital, Inc. | 9,100 | 85,540 | |||
Chimera Investment Corp. | 24,880 | 374,693 | |||
Ellington Financial, Inc. | 7,300 | 139,795 | |||
Granite Point Mortgage Trust, Inc. | 1,400 | 20,650 | |||
Great Ajax Corp. | 5,500 | 71,390 | |||
TPG RE Finance Trust, Inc. | 11,820 | 158,979 | |||
Two Harbors Investment Corp. | 10,800 | 81,648 | |||
947,385 | |||||
Multiline Retail 0.3% | |||||
Canadian Tire Corp. Ltd. (Canada) (Class A Stock) | 400 | 63,298 | |||
Europris ASA (Norway), 144A | 15,085 | 94,759 | |||
Macy’s, Inc.* | 10,900 | 206,664 |
18
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Multiline Retail (cont’d.) | |||||
Next PLC (United Kingdom)* | 675 | $73,630 | |||
Target Corp. | 9,820 | 2,373,887 | |||
Wesfarmers Ltd. (Australia) | 22,537 | 1,000,222 | |||
3,812,460 | |||||
Multi-Utilities 0.2% | |||||
MDU Resources Group, Inc. | 49,560 | 1,553,210 | |||
NorthWestern Corp. | 2,000 | 120,440 | |||
Public Service Enterprise Group, Inc. | 11,220 | 670,283 | |||
2,343,933 | |||||
Oil, Gas & Consumable Fuels 2.0% | |||||
APA Corp. | 119,900 | 2,593,437 | |||
BW LPG Ltd. (Singapore), 144A | 97,833 | 632,955 | |||
Canadian Natural Resources Ltd. (Canada) | 33,100 | 1,201,597 | |||
China Petroleum & Chemical Corp. (China) (Class H Stock) | 1,164,000 | 590,463 | |||
China Shenhua Energy Co. Ltd. (China) (Class H Stock) | 341,000 | 669,905 | |||
Comstock Resources, Inc.* | 25,700 | 171,419 | |||
ConocoPhillips | 70,900 | 4,317,810 | |||
Earthstone Energy, Inc. (Class A Stock)* | 2,200 | 24,354 | |||
EOG Resources, Inc. | 22,800 | 1,902,432 | |||
Exxaro Resources Ltd. (South Africa) | 5,460 | 64,789 | |||
Exxon Mobil Corp. | 100,800 | 6,358,464 | |||
Magnolia Oil & Gas Corp. (Class A Stock)* | 17,600 | 275,088 | |||
Matador Resources Co. | 1,200 | 43,212 | |||
Oil & Natural Gas Corp. Ltd. (India) | 496,917 | 790,951 | |||
Ovintiv, Inc. | 9,500 | 298,965 | |||
Petroleo Brasileiro SA (Brazil) | 19,400 | 118,495 | |||
Polskie Gornictwo Naftowe i Gazownictwo SA (Poland) | 164,560 | 288,285 | |||
REX American Resources Corp.* | 400 | 36,072 | |||
Rosneft Oil Co. PJSC (Russia) | 104,340 | 816,272 | |||
Royal Dutch Shell PLC (Netherlands) (Class A Stock) | 21,053 | 422,682 | |||
Shaanxi Coal Industry Co. Ltd. (China) (Class A Stock) | 118,200 | 216,594 | |||
W&T Offshore, Inc.* | 11,800 | 57,230 | |||
Whiting Petroleum Corp.* | 1,200 | 65,460 | |||
World Fuel Services Corp. | 8,449 | 268,087 | |||
22,225,018 | |||||
Paper & Forest Products 0.0% | |||||
Interfor Corp. (Canada) | 9,700 | 242,891 |
19
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Personal Products 0.4% | |||||
Bajaj Consumer Care Ltd. (India) | 188,115 | $725,964 | |||
BellRing Brands, Inc. (Class A Stock)* | 1,600 | 50,144 | |||
Chlitina Holding Ltd. (China) | 64,000 | 474,287 | |||
Estee Lauder Cos., Inc. (The) (Class A Stock) | 2,800 | 890,624 | |||
Inter Parfums, Inc. | 700 | 50,400 | |||
Medifast, Inc. | 2,320 | 656,514 | |||
Nu Skin Enterprises, Inc. (Class A Stock) | 8,280 | 469,062 | |||
Unilever PLC (United Kingdom) | 13,391 | 783,741 | |||
USANA Health Sciences, Inc.* | 1,480 | 151,596 | |||
4,252,332 | |||||
Pharmaceuticals 2.5% | |||||
Amneal Pharmaceuticals, Inc.* | 33,060 | 169,267 | |||
Amphastar Pharmaceuticals, Inc.* | 5,900 | 118,944 | |||
ANI Pharmaceuticals, Inc.* | 600 | 21,030 | |||
Atea Pharmaceuticals, Inc.* | 4,100 | 88,068 | |||
Bristol-Myers Squibb Co. | 80,120 | 5,353,619 | |||
China Medical System Holdings Ltd. (China) | 23,000 | 60,688 | |||
Chugai Pharmaceutical Co. Ltd. (Japan) | 3,500 | 138,351 | |||
CSPC Pharmaceutical Group Ltd. (China) | 508,800 | 736,021 | |||
Faes Farma SA (Spain) | 19,388 | 77,508 | |||
GlaxoSmithKline PLC (United Kingdom) | 25,595 | 503,328 | |||
Ipsen SA (France) | 4,706 | 489,862 | |||
Johnson & Johnson | 53,469 | 8,808,483 | |||
Merck KGaA (Germany) | 4,775 | 915,887 | |||
Novartis AG (Switzerland) | 3,605 | 328,593 | |||
Novo Nordisk A/S (Denmark) (Class B Stock) | 8,769 | 734,848 | |||
Ono Pharmaceutical Co. Ltd. (Japan) | 2,600 | 57,987 | |||
Otsuka Holdings Co. Ltd. (Japan) | 18,880 | 782,513 | |||
Pfizer, Inc. | 121,800 | 4,769,688 | |||
Prestige Consumer Healthcare, Inc.* | 7,060 | 367,826 | |||
Roche Holding AG (Switzerland) | 1,651 | 622,075 | |||
Sanofi (France) | 12,259 | 1,286,601 | |||
Shionogi & Co. Ltd. (Japan) | 14,620 | 761,730 | |||
Sun Pharmaceutical Industries Ltd. (India) | 6,660 | 60,739 | |||
Takeda Pharmaceutical Co. Ltd. (Japan) | 4,500 | 150,678 | |||
27,404,334 | |||||
Professional Services 0.2% | |||||
ASGN, Inc.* | 2,980 | 288,851 | |||
BayCurrent Consulting, Inc. (Japan) | 200 | 71,874 | |||
Kelly Services, Inc. (Class A Stock)* | 900 | 21,573 | |||
Kforce, Inc. | 3,980 | 250,461 |
20
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Professional Services (cont’d.) | |||||
Korn Ferry | 2,800 | $203,140 | |||
Randstad NV (Netherlands) | 10,623 | 814,056 | |||
Thomson Reuters Corp. (Canada) | 5,800 | 576,117 | |||
TriNet Group, Inc.* | 4,600 | 333,408 | |||
2,559,480 | |||||
Real Estate Management & Development 0.3% | |||||
Agile Group Holdings Ltd. (China) | 112,000 | 145,363 | |||
Aldar Properties PJSC (United Arab Emirates) | 57,204 | 59,534 | |||
CBRE Group, Inc. (Class A Stock)* | 4,800 | 411,504 | |||
CK Asset Holdings Ltd. (Hong Kong) | 19,500 | 134,425 | |||
Cushman & Wakefield PLC* | 2,100 | 36,687 | |||
Daiwa House Industry Co. Ltd. (Japan) | 3,000 | 90,057 | |||
Deutsche Wohnen SE (Germany) | 8,837 | 540,834 | |||
Henderson Land Development Co. Ltd. (Hong Kong) | 54,000 | 255,842 | |||
KE Holdings, Inc. (China), ADR* | 800 | 38,144 | |||
Longfor Group Holdings Ltd. (China), 144A | 9,500 | 53,355 | |||
Mitsubishi Estate Co. Ltd. (Japan) | 5,800 | 93,526 | |||
Newmark Group, Inc. (Class A Stock) | 20,900 | 251,009 | |||
Realogy Holdings Corp.* | 4,500 | 81,990 | |||
RMR Group, Inc. (The) (Class A Stock) | 1,163 | 44,938 | |||
Selvaag Bolig ASA (Norway) | 12,369 | 85,825 | |||
Sumitomo Realty & Development Co. Ltd. (Japan) | 1,500 | 53,605 | |||
Sun Hung Kai Properties Ltd. (Hong Kong) | 52,500 | 781,300 | |||
Sunac China Holdings Ltd. (China)* | 16,000 | 54,922 | |||
3,212,860 | |||||
Road & Rail 0.1% | |||||
CSX Corp. | 5,580 | 179,007 | |||
Knight-Swift Transportation Holdings, Inc. | 6,000 | 272,760 | |||
Old Dominion Freight Line, Inc. | 1,780 | 451,764 | |||
Saia, Inc.* | 300 | 62,847 | |||
Schneider National, Inc. (Class B Stock) | 8,000 | 174,160 | |||
Werner Enterprises, Inc. | 6,660 | 296,503 | |||
1,437,041 | |||||
Semiconductors & Semiconductor Equipment 3.8% | |||||
Amkor Technology, Inc. | 12,700 | 300,609 | |||
Applied Materials, Inc. | 39,304 | 5,596,890 | |||
ASE Technology Holding Co. Ltd. (Taiwan) | 94,000 | 378,832 | |||
ASM International NV (Netherlands) | 250 | 82,586 | |||
ASML Holding NV (Netherlands) | 1,360 | 937,280 |
21
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Semiconductors & Semiconductor Equipment (cont’d.) | |||||
Broadcom, Inc. | 8,680 | $4,138,971 | |||
CMC Materials, Inc. | 2,000 | 301,480 | |||
Cohu, Inc.* | 3,000 | 110,370 | |||
Intel Corp. | 104,968 | 5,892,903 | |||
Lam Research Corp. | 6,100 | 3,969,270 | |||
MediaTek, Inc. (Taiwan) | 22,000 | 761,638 | |||
Micron Technology, Inc.* | 10,900 | 926,282 | |||
MKS Instruments, Inc. | 4,160 | 740,272 | |||
Novatek Microelectronics Corp. (Taiwan) | 6,000 | 107,730 | |||
NXP Semiconductors NV (China) | 3,600 | 740,592 | |||
Onto Innovation, Inc.* | 200 | 14,608 | |||
Qorvo, Inc.* | 7,300 | 1,428,245 | |||
QUALCOMM, Inc. | 35,200 | 5,031,136 | |||
Semtech Corp.* | 4,480 | 308,224 | |||
Skyworks Solutions, Inc. | 8,900 | 1,706,575 | |||
STMicroelectronics NV (Switzerland) | 18,560 | 675,708 | |||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan) | 125,000 | 2,672,009 | |||
Texas Instruments, Inc. | 17,380 | 3,342,174 | |||
Tokyo Electron Ltd. (Japan) | 2,495 | 1,080,933 | |||
Ultra Clean Holdings, Inc.* | 9,560 | 513,563 | |||
United Microelectronics Corp. (Taiwan) | 58,000 | 110,915 | |||
41,869,795 | |||||
Software 4.9% | |||||
A10 Networks, Inc.* | 15,880 | 178,809 | |||
Adobe, Inc.* | 12,218 | 7,155,350 | |||
Alarm.com Holdings, Inc.* | 1,400 | 118,580 | |||
Autodesk, Inc.* | 7,000 | 2,043,300 | |||
Blackbaud, Inc.* | 1,680 | 128,638 | |||
CDK Global, Inc. | 12,000 | 596,280 | |||
ChannelAdvisor Corp.* | 4,480 | 109,805 | |||
CommVault Systems, Inc.* | 700 | 54,719 | |||
Constellation Software, Inc. (Canada) | 600 | 908,717 | |||
Cyient Ltd. (India) | 7,595 | 88,120 | |||
Dassault Systemes SE (France) | 792 | 192,412 | |||
Digital Turbine, Inc.* | 4,500 | 342,135 | |||
Intuit, Inc. | 458 | 224,498 | |||
J2 Global, Inc.* | 2,380 | 327,369 | |||
Manhattan Associates, Inc.* | 5,300 | 767,652 | |||
Microsoft Corp. | 122,266 | 33,121,859 | |||
Mimecast Ltd.* | 3,000 | 159,150 | |||
Oracle Corp. | 54,798 | 4,265,476 | |||
QAD, Inc. (Class A Stock) | 2,000 | 174,040 | |||
SAP SE (Germany) | 8,619 | 1,214,217 |
22
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Software (cont’d.) | |||||
Sapiens International Corp. NV (Israel) | 9,000 | $236,430 | |||
SPS Commerce, Inc.* | 3,576 | 357,064 | |||
SS&C Technologies Holdings, Inc. | 10,400 | 749,424 | |||
Synopsys, Inc.* | 4,100 | 1,130,739 | |||
Upland Software, Inc.* | 1,100 | 45,287 | |||
Verint Systems, Inc.* | 5,600 | 252,392 | |||
54,942,462 | |||||
Specialty Retail 1.2% | |||||
Asbury Automotive Group, Inc.* | 1,200 | 205,644 | |||
AutoNation, Inc.* | 19,860 | 1,882,927 | |||
Buckle, Inc. (The) | 900 | 44,775 | |||
Camping World Holdings, Inc. (Class A Stock) | 4,300 | 176,257 | |||
China Tourism Group Duty Free Corp. Ltd. (China) (Class A Stock) | 3,600 | 166,876 | |||
Chow Tai Fook Jewellery Group Ltd. (China) | 351,600 | 805,989 | |||
Foot Locker, Inc. | 18,700 | 1,152,481 | |||
Group 1 Automotive, Inc. | 100 | 15,443 | |||
Halfords Group PLC (United Kingdom)* | 94,212 | 563,435 | |||
Hibbett, Inc.* | 1,000 | 89,630 | |||
Home Depot, Inc. (The) | 5,558 | 1,772,391 | |||
Hornbach Baumarkt AG (Germany) | 4,462 | 196,390 | |||
JB Hi-Fi Ltd. (Australia) | 2,690 | 102,093 | |||
Kingfisher PLC (United Kingdom) | 155,735 | 788,398 | |||
L Brands, Inc. | 44,300 | 3,192,258 | |||
Lumber Liquidators Holdings, Inc.* | 700 | 14,770 | |||
MarineMax, Inc.* | 10,900 | 531,266 | |||
Matas A/S (Denmark) | 7,790 | 141,402 | |||
Mr. Price Group Ltd. (South Africa) | 19,346 | 285,577 | |||
Murphy USA, Inc. | 480 | 64,018 | |||
O’Reilly Automotive, Inc.* | 280 | 158,539 | |||
Sally Beauty Holdings, Inc.* | 18,800 | 414,916 | |||
Sleep Number Corp.* | 900 | 98,955 | |||
Super Retail Group Ltd. (Australia) | 11,181 | 108,811 | |||
Tilly’s, Inc. (Class A Stock) | 900 | 14,382 | |||
Zhongsheng Group Holdings Ltd. (China) | 25,000 | 208,161 | |||
Zumiez, Inc.* | 2,700 | 132,273 | |||
13,328,057 | |||||
Technology Hardware, Storage & Peripherals 2.9% | |||||
Apple, Inc. | 188,304 | 25,790,116 | |||
Asustek Computer, Inc. (Taiwan)* | 6,000 | 80,202 | |||
Canon, Inc. (Japan) | 7,700 | 173,953 | |||
Hewlett Packard Enterprise Co. | 72,600 | 1,058,508 |
23
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Technology Hardware, Storage & Peripherals (cont’d.) | |||||
HP, Inc. | 57,600 | $1,738,944 | |||
Lenovo Group Ltd. (China) | 150,000 | 172,138 | |||
Lite-On Technology Corp. (Taiwan) | 25,000 | 51,713 | |||
Logitech International SA (Switzerland) | 7,660 | 928,281 | |||
MCJ Co. Ltd. (Japan) | 61,800 | 690,258 | |||
Samsung Electronics Co. Ltd. (South Korea) | 13,306 | 954,345 | |||
Super Micro Computer, Inc.* | 3,800 | 133,684 | |||
Wacom Co. Ltd. (Japan) | 23,600 | 150,027 | |||
Xiaomi Corp. (China) (Class B Stock), 144A* | 72,000 | 250,667 | |||
32,172,836 | |||||
Textiles, Apparel & Luxury Goods 0.6% | |||||
Columbia Sportswear Co. | 2,400 | 236,064 | |||
Crocs, Inc.* | 13,600 | 1,584,672 | |||
Deckers Outdoor Corp.* | 2,600 | 998,582 | |||
Hermes International (France) | 290 | 423,416 | |||
Kontoor Brands, Inc. | 600 | 33,846 | |||
Li Ning Co. Ltd. (China) | 11,500 | 140,822 | |||
LVMH Moet Hennessy Louis Vuitton SE (France) | 619 | 486,128 | |||
Pandora A/S (Denmark) | 525 | 70,583 | |||
Rajesh Exports Ltd. (India) | 24,908 | 190,151 | |||
Tapestry, Inc.* | 46,500 | 2,021,820 | |||
6,186,084 | |||||
Thrifts & Mortgage Finance 0.0% | |||||
HomeStreet, Inc. | 1,400 | 57,036 | |||
Meta Financial Group, Inc. | 700 | 35,441 | |||
Premier Financial Corp. | 8,800 | 250,008 | |||
Provident Financial Services, Inc. | 3,300 | 75,537 | |||
Waterstone Financial, Inc. | 1,100 | 21,626 | |||
439,648 | |||||
Tobacco 0.6% | |||||
Altria Group, Inc. | 68,160 | 3,249,869 | |||
British American Tobacco PLC (United Kingdom) | 30,423 | 1,181,948 | |||
Imperial Brands PLC (United Kingdom) | 30,089 | 648,717 | |||
Japan Tobacco, Inc. (Japan) | 41,973 | 792,073 | |||
KT&G Corp. (South Korea) | 1,736 | 130,130 | |||
Scandinavian Tobacco Group A/S (Denmark), 144A | 40,506 | 828,672 | |||
Swedish Match AB (Sweden) | 6,531 | 55,742 | |||
6,887,151 |
24
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Trading Companies & Distributors 0.5% | |||||
Applied Industrial Technologies, Inc. | 3,580 | $325,995 | |||
Ashtead Group PLC (United Kingdom) | 2,200 | 163,599 | |||
Boise Cascade Co. | 8,460 | 493,641 | |||
Brenntag SE (Germany) | 4,657 | 434,202 | |||
Ferguson PLC | 7,580 | 1,055,252 | |||
GMS, Inc.* | 5,340 | 257,067 | |||
ITOCHU Corp. (Japan) | 31,100 | 888,249 | |||
Marubeni Corp. (Japan) | 46,200 | 402,978 | |||
Mitsui & Co. Ltd. (Japan) | 42,600 | 961,342 | |||
Toyota Tsusho Corp. (Japan) | 2,400 | 113,819 | |||
Veritiv Corp.* | 1,300 | 79,846 | |||
5,175,990 | |||||
Water Utilities 0.0% | |||||
American States Water Co. | 2,680 | 213,221 | |||
Artesian Resources Corp. (Class A Stock) | 1,005 | 36,954 | |||
China Water Affairs Group Ltd. (China) | 236,000 | 182,325 | |||
432,500 | |||||
Wireless Telecommunication Services 0.2% | |||||
Gogo, Inc.* | 12,500 | 142,250 | |||
Shenandoah Telecommunications Co. | 3,300 | 160,083 | |||
SK Telecom Co. Ltd. (South Korea) | 2,418 | 687,562 | |||
SoftBank Corp. (Japan) | 14,600 | 190,969 | |||
United States Cellular Corp.* | 1,500 | 54,465 | |||
Vodafone Group PLC (United Kingdom) | 359,284 | 606,163 | |||
1,841,492 | |||||
Total Common Stocks (cost $512,909,644) | 706,550,180 | ||||
Exchange-Traded Fund 0.1% | |||||
iShares MSCI EAFE ETF (cost $1,026,419) | 17,818 | 1,405,484 | |||
Preferred Stocks 0.1% | |||||
Automobiles 0.0% | |||||
Volkswagen AG (Germany) (PRFC) | 273 | 68,605 |
25
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Preferred Stocks (Continued) | |||||
Banks 0.0% | |||||
Citigroup Capital XIII, 6.556%(c), 3 Month LIBOR + 6.370%, Maturing 10/30/40 | 3,000 | $83,700 | |||
Capital Markets 0.0% | |||||
State Street Corp., 5.350%(c), 3 Month LIBOR + 3.709%, Series G, Maturing 03/15/26(oo) | 5,000 | 150,450 | |||
Electric Utilities 0.1% | |||||
Cia Energetica de Minas Gerais (Brazil) (PRFC) | 85,000 | 207,467 | |||
Cia Paranaense de Energia (Brazil) (PRFC B) | 330,000 | 391,451 | |||
598,918 | |||||
Oil, Gas & Consumable Fuels 0.0% | |||||
Petroleo Brasileiro SA (Brazil) (PRFC) | 47,700 | 282,241 | |||
Technology Hardware, Storage & Peripherals 0.0% | |||||
Samsung Electronics Co. Ltd. (South Korea) (PRFC) | 4,320 | 283,229 | |||
Total Preferred Stocks (cost $1,230,185) | 1,467,143 |
Interest Rate | Maturity Date | Principal Amount (000)# | ||||
Asset-Backed Securities 3.5% | ||||||
Automobiles 0.9% | ||||||
AmeriCredit Automobile Receivables Trust, | ||||||
Series 2019-01, Class B | 3.130 % | 02/18/25 | 100 | 102,138 | ||
Series 2019-01, Class C | 3.360 | 02/18/25 | 200 | 207,784 | ||
Series 2019-02, Class C | 2.740 | 04/18/25 | 300 | 310,589 | ||
Series 2019-03, Class C | 2.320 | 07/18/25 | 800 | 824,524 | ||
Series 2020-01, Class B | 1.480 | 01/21/25 | 500 | 508,321 | ||
Series 2020-02, Class D | 2.130 | 03/18/26 | 100 | 102,544 | ||
Avis Budget Rental Car Funding AESOP LLC, | ||||||
Series 2018-02A, Class A, 144A | 4.000 | 03/20/25 | 300 | 324,036 | ||
Series 2020-01A, Class A, 144A | 2.330 | 08/20/26 | 500 | 521,069 | ||
Series 2020-02A, Class A, 144A | 2.020 | 02/20/27 | 200 | 205,944 | ||
Exeter Automobile Receivables Trust, | ||||||
Series 2020-03A, Class C | 1.320 | 07/15/25 | 100 | 101,009 | ||
Series 2020-03A, Class D | 1.730 | 07/15/26 | 100 | 101,694 | ||
26
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Asset-Backed Securities (Continued) | |||||
Automobiles (cont’d.) | |||||
Ford Auto Securitization Trust (Canada), Series 2019-BA, Class A2, 144A | 2.321 % | 10/15/23 | CAD | 347 | $282,255 |
Ford Credit Auto Owner Trust, Series 2021-01, Class C, 144A | 1.910 | 10/17/33 | 180 | 180,604 | |
GM Financial Consumer Automobile Receivables Trust, Series 2018-04, Class C | 3.620 | 06/17/24 | 100 | 103,767 | |
Hertz Vehicle Financing III LP, | |||||
Series 2021-02A, Class A, 144A | 1.680 | 12/27/27 | 700 | 699,066 | |
Series 2021-02A, Class B, 144A | 2.120 | 12/27/27 | 100 | 99,836 | |
JPMorgan Chase Bank, NA, Series 2020-02, Class D, 144A | 1.487 | 02/25/28 | 572 | 574,272 | |
OneMain Direct Auto Receivables Trust, Series 2019-01A, Class A, 144A | 3.630 | 09/14/27 | 1,280 | 1,379,614 | |
Santander Drive Auto Receivables Trust, | |||||
Series 2020-02, Class D | 2.220 | 09/15/26 | 100 | 102,355 | |
Series 2020-03, Class D | 1.640 | 11/16/26 | 400 | 405,114 | |
Series 2020-04, Class D | 1.480 | 01/15/27 | 300 | 303,710 | |
Series 2021-01, Class D | 1.130 | 11/16/26 | 800 | 801,214 | |
World Omni Select Auto Trust, | |||||
Series 2018-01A, Class C, 144A | 3.860 | 01/15/25 | 401 | 404,067 | |
Series 2019-A, Class B | 2.170 | 12/15/25 | 700 | 713,940 | |
Series 2019-A, Class C | 2.380 | 12/15/25 | 200 | 205,490 | |
9,564,956 | |||||
Collateralized Loan Obligations 1.5% | |||||
Anchorage Capital CLO Ltd. (Cayman Islands), Series 2019-11A, Class A, 144A, 3 Month LIBOR + 1.390% (Cap N/A, Floor 1.390%) | 1.612(c) | 07/22/32 | 1,000 | 1,000,145 | |
Battalion CLO Ltd., Series 2018-12A, Class A1, 144A, 3 Month LIBOR + 1.070% (Cap N/A, Floor 1.070%) | 1.226(c) | 05/17/31 | 1,000 | 999,003 | |
Carlyle CLO Ltd. (Cayman Islands), Series C17A, Class A1AR, 144A, 3 Month LIBOR + 1.030% (Cap N/A, Floor 0.000%) | 1.235(c) | 04/30/31 | 1,000 | 998,749 | |
Carlyle Global Market Strategies CLO Ltd. (Cayman Islands), Series 2015-05A, Class A1R, 144A, 3 Month LIBOR + 1.320% (Cap N/A, Floor 1.320%) | 1.508(c) | 01/20/32 | 750 | 750,089 |
27
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Asset-Backed Securities (Continued) | |||||
Collateralized Loan Obligations (cont’d.) | |||||
Carlyle US CLO Ltd. (Cayman Islands), Series 2017-01A, Class A1B, 144A, 3 Month LIBOR + 1.230% (Cap N/A, Floor 0.000%) | 1.418 %(c) | 04/20/31 | 249 | $248,572 | |
CVC Cordatus Loan Fund (Ireland), | |||||
Series 14A, Class A1R, 144A, 3 Month EURIBOR + 0.850% (Cap N/A, Floor 0.850%) | 0.850(c) | 05/24/32 | EUR | 1,500 | 1,776,545 |
Series 14A, Class A2R, 144A | 1.250 | 05/24/32 | EUR | 1,500 | 1,777,239 |
HPS Loan Management Ltd. (Cayman Islands), Series 15A-19, Class A1, 144A, 3 Month LIBOR + 1.320% (Cap N/A, Floor 1.320%) | 1.504(c) | 07/22/32 | 750 | 750,132 | |
ICG US CLO Ltd. (Cayman Islands), Series 2019-01A, Class A1A, 144A, 3 Month LIBOR + 1.380% (Cap N/A, Floor 1.380%) | 1.556(c) | 10/26/32 | 1,000 | 1,001,946 | |
LCM LP (Cayman Islands), Series 13A, Class ARR, 144A, 3 Month LIBOR + 1.140% (Cap N/A, Floor 0.000%) | 1.330(c) | 07/19/27 | 1,750 | 1,750,068 | |
OZLM Ltd. (Cayman Islands), | |||||
Series 2018-20A, Class A1, 144A, 3 Month LIBOR + 1.050% (Cap N/A, Floor 0.000%) | 1.238(c) | 04/20/31 | 1,500 | 1,497,509 | |
Series 2019-24A, Class A1A, 144A, 3 Month LIBOR + 1.390% (Cap N/A, Floor 0.000%) | 1.578(c) | 07/20/32 | 1,000 | 1,000,162 | |
TIAA CLO Ltd. (Cayman Islands), Series 2016-01A, Class AR, 144A, 3 Month LIBOR + 1.200% (Cap N/A, Floor 0.000%) | 1.388(c) | 07/20/31 | 250 | 250,018 | |
Wellfleet CLO Ltd. (Cayman Islands), Series 2018-02A, Class A1, 144A, 3 Month LIBOR + 1.200% (Cap N/A, Floor 1.200%) | 1.388(c) | 10/20/31 | 500 | 500,005 | |
York CLO Ltd. (Cayman Islands), | |||||
Series 2019-01A, Class A1, 144A, 3 Month LIBOR + 1.350% (Cap N/A, Floor 0.000%) | 1.534(c) | 07/22/32 | 1,000 | 1,000,400 | |
Series 2020-01A, Class A1, 144A, 3 Month LIBOR + 1.500% (Cap N/A, Floor 1.500%) | 1.688(c) | 04/20/32 | 1,250 | 1,251,669 | |
16,552,251 | |||||
Consumer Loans 0.4% | |||||
Fairstone Financial Issuance Trust (Canada), Series 2020-01A, Class A, 144A | 2.509 | 10/20/39 | CAD | 200 | 162,364 |
Lending Funding Trust, Series 2020-02A, Class A, 144A | 2.320 | 04/21/31 | 100 | 102,634 | |
Lendmark Funding Trust, | |||||
Series 2018-02A, Class A, 144A | 4.230 | 04/20/27 | 100 | 101,072 |
28
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Asset-Backed Securities (Continued) | |||||
Consumer Loans (cont’d.) | |||||
Lendmark Funding Trust, (cont’d.) | |||||
Series 2019-02A, Class A, 144A | 2.780 % | 04/20/28 | 900 | $924,563 | |
Series 2021-01A, Class A, 144A | 1.900 | 11/20/31 | 700 | 706,276 | |
Mariner Finance Issuance Trust, Series 2020-AA, Class A, 144A | 2.190 | 08/21/34 | 200 | 203,424 | |
OneMain Financial Issuance Trust, | |||||
Series 2018-01A, Class A, 144A | 3.300 | 03/14/29 | 135 | 135,461 | |
Series 2020-01A, Class A, 144A | 3.840 | 05/14/32 | 300 | 312,976 | |
Series 2020-02A, Class A, 144A | 1.750 | 09/14/35 | 400 | 406,709 | |
Oportun Funding LLC, Series 2020-01, Class A, 144A | 2.200 | 05/15/24 | 129 | 130,051 | |
Oportun Funding X LLC, Series 2018-C, Class A, 144A | 4.100 | 10/08/24 | 300 | 300,220 | |
Oportun Funding XII LLC, Series 2018-D, Class A, 144A | 4.150 | 12/09/24 | 200 | 200,998 | |
Oportun Funding XIV LLC, | |||||
Series 2021-A, Class A, 144A | 1.210 | 03/08/28 | 200 | 200,573 | |
Series 2021-A, Class B, 144A | 1.760 | 03/08/28 | 200 | 199,194 | |
PNMAC GMSR Issuer Trust, Series 2018-GT01, Class A, 144A, 1 Month LIBOR + 2.850% (Cap N/A, Floor 2.850%) | 2.942(c) | 02/25/23 | 150 | 150,279 | |
SoFi Consumer Loan Program Trust, Series 2020-01, Class A, 144A | 2.020 | 01/25/29 | 305 | 307,906 | |
Springleaf Funding Trust, Series 2017-AA, Class A, 144A | 2.680 | 07/15/30 | 173 | 173,158 | |
4,717,858 | |||||
Credit Cards 0.1% | |||||
Citibank Credit Card Issuance Trust, Series 2018-A07, Class A7 | 3.960 | 10/13/30 | 500 | 585,550 | |
Newday Partnership Funding PLC (United Kingdom), Series 2020-01A, Class A3, 144A, 1 Month SONIA + 1.400% (Cap N/A, Floor 0.000%) | 1.449(c) | 11/15/28 | GBP | 465 | 651,886 |
1,237,436 | |||||
Equipment 0.1% | |||||
MMAF Equipment Finance LLC, | |||||
Series 2017-B, Class A5, 144A | 2.720 | 06/15/40 | 400 | 417,307 |
29
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Asset-Backed Securities (Continued) | |||||
Equipment (cont’d.) | |||||
MMAF Equipment Finance LLC, (cont’d.) | |||||
Series 2018-A, Class A5, 144A | 3.610 % | 03/10/42 | 100 | $107,061 | |
Series 2019-A, Class A5, 144A | 3.080 | 11/12/41 | 400 | 423,940 | |
948,308 | |||||
Home Equity Loan 0.0% | |||||
CDC Mortgage Capital Trust, Series 2002-HE03, Class M1, 1 Month LIBOR + 1.650% (Cap N/A, Floor 1.650%) | 1.742(c) | 03/25/33 | 6 | 5,869 | |
Manufactured Housing 0.0% | |||||
Towd Point Mortgage Trust, Series 2019-MH01, Class A1, 144A | 3.000(cc) | 11/25/58 | 105 | 106,915 | |
Other 0.1% | |||||
Loandepot GMSR Master Trust, Series 2018-GT01, Class A, 144A, 1 Month LIBOR + 2.800% (Cap N/A, Floor 2.800%) | 2.875(c) | 10/16/23 | 100 | 100,092 | |
TH MSR Issuer Trust, Series 2019-FT01, Class A, 144A, 1 Month LIBOR + 2.800% (Cap N/A, Floor 2.800%) | 2.892(c) | 06/25/24 | 1,400 | 1,384,447 | |
1,484,539 | |||||
Residential Mortgage-Backed Securities 0.1% | |||||
Countrywide Asset-Backed Certificates, Series 2004-01, Class M1, 1 Month LIBOR + 0.750% (Cap N/A, Floor 0.750%) | 0.842(c) | 03/25/34 | 39 | 38,720 | |
Credit Suisse Mortgage Trust, Series 2020-11R, Class 1A1, 144A | 2.263(cc) | 04/25/38 | 549 | 552,417 | |
Legacy Mortgage Asset Trust, | |||||
Series 2019-GS02, Class A1, 144A | 3.750 | 01/25/59 | 127 | 127,679 | |
Series 2019-GS04, Class A1, 144A | 3.438 | 05/25/59 | 226 | 226,402 | |
Mill City Mortgage Loan Trust, | |||||
Series 2017-03, Class A1, 144A | 2.750(cc) | 01/25/61 | 153 | 155,184 | |
Series 2018-01, Class A1, 144A | 3.250(cc) | 05/25/62 | 92 | 94,797 |
30
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Asset-Backed Securities (Continued) | |||||
Residential Mortgage-Backed Securities (cont’d.) | |||||
Towd Point Mortgage Trust, Series 2017-05, Class A1, 144A, 1 Month LIBOR + 0.600% (Cap N/A, Floor 0.000%) | 0.692 %(c) | 02/25/57 | 236 | $236,356 | |
1,431,555 | |||||
Student Loans 0.3% | |||||
Commonbond Student Loan Trust, | |||||
Series 2017-BGS, Class A1, 144A | 2.680 | 09/25/42 | 161 | 164,616 | |
Series 2018-AGS, Class A1, 144A | 3.210 | 02/25/44 | 135 | 140,137 | |
Series 2018-CGS, Class A1, 144A | 3.870 | 02/25/46 | 62 | 63,496 | |
Laurel Road Prime Student Loan Trust, | |||||
Series 2017-C, Class A2B, 144A | 2.810 | 11/25/42 | 75 | 76,181 | |
Series 2018-B, Class A2FX, 144A | 3.540 | 05/26/43 | 153 | 155,827 | |
Series 2019-A, Class A2FX, 144A | 2.730 | 10/25/48 | 147 | 150,026 | |
Navient Private Education Refi Loan Trust, | |||||
Series 2018-A, Class A2, 144A | 3.190 | 02/18/42 | 270 | 273,764 | |
Series 2018-CA, Class A2, 144A | 3.520 | 06/16/42 | 151 | 153,894 | |
Series 2019-CA, Class A2, 144A | 3.130 | 02/15/68 | 247 | 252,168 | |
SoFi Professional Loan Program LLC, | |||||
Series 2019-B, Class A2FX, 144A | 3.090 | 08/17/48 | 322 | 330,078 | |
Series 2019-C, Class A2FX, 144A | 2.370 | 11/16/48 | 575 | 586,971 | |
SoFi Professional Loan Program Trust, | |||||
Series 2018-B, Class A2FX, 144A | 3.340 | 08/25/47 | 251 | 257,699 | |
Series 2020-A, Class A2FX, 144A | 2.540 | 05/15/46 | 600 | 619,911 | |
3,224,768 | |||||
Total Asset-Backed Securities (cost $38,737,015) | 39,274,455 | ||||
Bank Loans 0.0% | |||||
Media 0.0% | |||||
Diamond Sports Group LLC, Term Loan, 1 Month LIBOR + 3.250% | 3.360(c) | 08/24/26 | 150 | 89,846 | |
Oil & Gas 0.0% | |||||
Ascent Resources Utica Holdings LLC, Second Lien Term Loan, 3 Month LIBOR + 9.000% | 10.000(c) | 11/01/25 | 152 | 167,644 |
31
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Bank Loans (Continued) | |||||
Telecommunications 0.0% | |||||
Digicel International Finance Ltd. (Saint Lucia), First Lien Initial Term B Loan, 1 - 6 Month LIBOR + 3.250% | 3.430 %(c) | 05/27/24 | 249 | $238,449 | |
Total Bank Loans (cost $495,108) | 495,939 | ||||
Commercial Mortgage-Backed Securities 5.6% | |||||
BANK, | |||||
Series 2017-BNK04, Class A3 | 3.362 | 05/15/50 | 1,000 | 1,095,711 | |
Series 2020-BN26, Class A3 | 2.155 | 03/15/63 | 1,800 | 1,825,393 | |
Barclays Commercial Mortgage Securities Trust, Series 2018-C02, Class A4 | 4.047 | 12/15/51 | 1,351 | 1,543,682 | |
Benchmark Mortgage Trust, | |||||
Series 2019-B13, Class A3 | 2.701 | 08/15/57 | 1,800 | 1,892,872 | |
Series 2020-B17, Class A4 | 2.042 | 03/15/53 | 650 | 654,784 | |
BX Commercial Mortgage Trust, | |||||
Series 2019-XL, Class J, 144A, 1 Month LIBOR + 2.650% (Cap N/A, Floor 2.650%) | 2.723(c) | 10/15/36 | 1,358 | 1,359,189 | |
Series 2020-BXLP, Class A, 144A, 1 Month LIBOR + 0.800% (Cap N/A, Floor 0.800%) | 0.873(c) | 12/15/36 | 1,068 | 1,068,875 | |
CFK Trust, | |||||
Series 2020-MF02, Class B, 144A | 2.792 | 03/15/39 | 1,200 | 1,227,301 | |
Series 2020-MF02, Class C, 144A | 2.995 | 03/15/39 | 1,500 | 1,502,671 | |
Series 2020-MF02, Class D, 144A | 3.349 | 03/15/39 | 900 | 894,946 | |
Citigroup Commercial Mortgage Trust, | |||||
Series 2014-GC21, Class A4 | 3.575 | 05/10/47 | 172 | 179,844 | |
Series 2015-GC29, Class A3 | 2.935 | 04/10/48 | 408 | 429,039 | |
Series 2015-P01, Class A4 | 3.462 | 09/15/48 | 600 | 644,109 | |
Series 2017-P08, Class A3 | 3.203 | 09/15/50 | 1,000 | 1,071,166 | |
Series 2019-GC41, Class A4 | 2.620 | 08/10/56 | 3,600 | 3,790,192 | |
Series 2020-GC46, Class A4 | 2.477 | 02/15/53 | 1,400 | 1,449,333 | |
Commercial Mortgage Trust, | |||||
Series 2013-CR08, Class A4 | 3.334 | 06/10/46 | 57 | 58,822 | |
Series 2014-CR15, Class A2 | 2.928 | 02/10/47 | 10 | 9,655 | |
Series 2014-CR18, Class A4 | 3.550 | 07/15/47 | 340 | 357,931 | |
Series 2014-UBS04, Class A4 | 3.420 | 08/10/47 | 700 | 737,192 | |
Series 2015-LC21, Class A3 | 3.445 | 07/10/48 | 693 | 737,588 | |
CSAIL Commercial Mortgage Trust, | |||||
Series 2015-C02, Class A3 | 3.231 | 06/15/57 | 761 | 812,687 | |
Series 2017-C08, Class A3 | 3.127 | 06/15/50 | 800 | 845,290 | |
32
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Commercial Mortgage-Backed Securities (Continued) | |||||
Deutsche Bank Commercial Mortgage Trust, Series 2016-C01, Class A3A | 3.015 % | 05/10/49 | 713 | $746,121 | |
Fannie Mae-Aces, | |||||
Series 2015-M10, Class A2 | 3.092(cc) | 04/25/27 | 454 | 498,093 | |
Series 2019-M25, Class A1 | 2.142 | 11/25/29 | 1,838 | 1,939,042 | |
FHLMC Multifamily Structured Pass-Through Certificates, | |||||
Series K020, Class X1, IO | 1.470(cc) | 05/25/22 | 2,450 | 20,995 | |
Series K021, Class X1, IO | 1.526(cc) | 06/25/22 | 741 | 5,687 | |
Series K025, Class X1, IO | 0.913(cc) | 10/25/22 | 1,273 | 11,290 | |
Series K055, Class X1, IO | 1.493(cc) | 03/25/26 | 2,249 | 125,217 | |
Series K075, Class AM | 3.650(cc) | 02/25/28 | 575 | 655,411 | |
Series K076, Class AM | 3.900 | 04/25/28 | 205 | 237,153 | |
Series K077, Class AM | 3.850(cc) | 05/25/28 | 160 | 185,176 | |
Series K079, Class AM | 3.930 | 06/25/28 | 996 | 1,154,988 | |
Series K080, Class AM | 3.986(cc) | 07/25/28 | 1,777 | 2,065,611 | |
Series K083, Class AM | 4.030(cc) | 10/25/28 | 275 | 321,709 | |
Series K157, Class A2 | 3.990(cc) | 05/25/33 | 700 | 838,932 | |
Series W5FX, Class AFX | 3.336(cc) | 04/25/28 | 200 | 222,742 | |
GS Mortgage Securities Trust, Series 2015-GC28, Class A4 | 3.136 | 02/10/48 | 388 | 409,154 | |
JPMorgan Chase Commercial Mortgage Securities Corp., Series 2018-AON, Class E, 144A | 4.767(cc) | 07/05/31 | 800 | 827,325 | |
JPMorgan Chase Commercial Mortgage Securities Trust, | |||||
Series 2013-LC11, Class A4 | 2.694 | 04/15/46 | 91 | 92,958 | |
Series 2017-JP07, Class ASB | 3.241 | 09/15/50 | 400 | 429,742 | |
Series 2019-BKWD, Class A, 144A, 1 Month LIBOR + 1.000% (Cap N/A, Floor 1.000%) | 1.073(c) | 09/15/29 | 700 | 700,896 | |
Morgan Stanley Bank of America Merrill Lynch Trust, | |||||
Series 2013-C08, Class A3 | 2.863 | 12/15/48 | 180 | 183,275 | |
Series 2015-C23, Class A3 | 3.451 | 07/15/50 | 584 | 629,134 | |
Series 2015-C25, Class A4 | 3.372 | 10/15/48 | 700 | 748,899 | |
Morgan Stanley Capital I Trust, | |||||
Series 2016-UB11, Class A3 | 2.531 | 08/15/49 | 1,300 | 1,367,608 | |
Series 2019-H06, Class A3 | 3.158 | 06/15/52 | 1,250 | 1,345,336 | |
Series 2020-L04, Class A2 | 2.449 | 02/15/53 | 3,600 | 3,736,630 | |
UBS Commercial Mortgage Trust, | |||||
Series 2017-C02, Class ASB | 3.264 | 08/15/50 | 500 | 536,110 | |
Series 2017-C05, Class A4 | 3.212 | 11/15/50 | 1,422 | 1,524,278 | |
Series 2018-C08, Class A4 | 3.983 | 02/15/51 | 1,650 | 1,865,982 | |
Series 2018-C09, Class A3 | 3.854 | 03/15/51 | 400 | 441,106 | |
Series 2018-C14, Class A3 | 4.180 | 12/15/51 | 996 | 1,121,107 |
33
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Commercial Mortgage-Backed Securities (Continued) | |||||
UBS-Barclays Commercial Mortgage Trust, | |||||
Series 2012-C04, Class A4 | 2.792 % | 12/10/45 | 200 | $201,883 | |
Series 2013-C05, Class A3 | 2.920 | 03/10/46 | 90 | 91,945 | |
Series 2013-C06, Class A3 | 2.971 | 04/10/46 | 194 | 199,302 | |
Wells Fargo Commercial Mortgage Trust, | |||||
Series 2015-NXS02, Class A4 | 3.498 | 07/15/58 | 800 | 854,045 | |
Series 2016-C33, Class A3 | 3.162 | 03/15/59 | 1,124 | 1,194,955 | |
Series 2016-C34, Class A3 | 2.834 | 06/15/49 | 800 | 837,436 | |
Series 2016-C35, Class A3 | 2.674 | 07/15/48 | 1,200 | 1,247,975 | |
Series 2016-NXS06, Class A3 | 2.642 | 11/15/49 | 1,500 | 1,582,874 | |
Series 2017-C38, Class A4 | 3.190 | 07/15/50 | 700 | 760,217 | |
Series 2018-C46, Class A3 | 3.888 | 08/15/51 | 1,050 | 1,173,303 | |
Series 2018-C48, Class A4 | 4.037 | 01/15/52 | 1,707 | 1,937,372 | |
Series 2019-C52, Class A3 | 2.631 | 08/15/52 | 2,500 | 2,621,672 | |
Total Commercial Mortgage-Backed Securities (cost $58,978,414) | 61,878,958 | ||||
Corporate Bonds 14.9% | |||||
Aerospace & Defense 0.4% | |||||
Boeing Co. (The), | |||||
Sr. Unsec’d. Notes | 2.196 | 02/04/26 | 1,860 | 1,877,577 | |
Sr. Unsec’d. Notes | 3.750 | 02/01/50 | 515 | 531,250 | |
Embraer Netherlands Finance BV (Brazil), Gtd. Notes | 5.050 | 06/15/25 | 99 | 104,669 | |
Embraer Overseas Ltd. (Brazil), Gtd. Notes, 144A | 5.696 | 09/16/23 | 210 | 224,416 | |
Raytheon Technologies Corp., Sr. Unsec’d. Notes | 4.125 | 11/16/28 | 235 | 270,667 | |
Teledyne Technologies, Inc., Gtd. Notes | 2.750 | 04/01/31 | 1,530 | 1,572,913 | |
4,581,492 | |||||
Agriculture 0.2% | |||||
Altria Group, Inc., Gtd. Notes | 3.400 | 02/04/41 | 620 | 590,371 | |
BAT Capital Corp. (United Kingdom), Gtd. Notes | 3.222 | 08/15/24 | 810 | 860,434 | |
Vector Group Ltd., Sr. Sec’d. Notes, 144A | 5.750 | 02/01/29 | 400 | 408,017 | |
1,858,822 |
34
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Airlines 0.1% | |||||
American Airlines 2016-1 Class AA Pass-Through Trust, Pass-Through Certificates | 3.575 % | 07/15/29 | 165 | $168,006 | |
Continental Airlines 2012-2 Class A Pass-Through Trust, Pass-Through Certificates | 4.000 | 04/29/26 | 72 | 76,054 | |
Southwest Airlines Co., | |||||
Sr. Unsec’d. Notes | 5.125 | 06/15/27 | 260 | 306,167 | |
Sr. Unsec’d. Notes | 5.250 | 05/04/25 | 300 | 342,689 | |
United Airlines 2014-1 Class A Pass-Through Trust, Pass-Through Certificates | 4.000 | 10/11/27 | 60 | 63,528 | |
United Airlines, Inc., | |||||
Sr. Sec’d. Notes, 144A | 4.375 | 04/15/26 | 260 | 269,161 | |
Sr. Sec’d. Notes, 144A | 4.625 | 04/15/29 | 60 | 62,148 | |
1,287,753 | |||||
Auto Manufacturers 0.4% | |||||
Ford Motor Co., | |||||
Sr. Unsec’d. Notes | 4.750 | 01/15/43 | 350 | 372,750 | |
Sr. Unsec’d. Notes | 5.291 | 12/08/46 | 135 | 150,780 | |
Ford Motor Credit Co. LLC, | |||||
Sr. Unsec’d. Notes | 2.900 | 02/16/28 | 425 | 424,076 | |
Sr. Unsec’d. Notes | 3.350 | 11/01/22 | 770 | 788,816 | |
Sr. Unsec’d. Notes | 5.875 | 08/02/21 | 200 | 200,739 | |
General Motors Co., | |||||
Sr. Unsec’d. Notes | 4.875 | 10/02/23 | 155 | 168,719 | |
Sr. Unsec’d. Notes | 5.000 | 04/01/35 | 1,085 | 1,310,045 | |
Sr. Unsec’d. Notes | 6.250 | 10/02/43 | 95 | 131,129 | |
Sr. Unsec’d. Notes | 6.600 | 04/01/36 | 80 | 109,449 | |
General Motors Financial Co., Inc., Gtd. Notes | 3.950 | 04/13/24 | 616 | 663,677 | |
Volkswagen Group of America Finance LLC (Germany), Gtd. Notes, 144A | 4.000 | 11/12/21 | 245 | 248,219 | |
4,568,399 |
35
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Auto Parts & Equipment 0.1% | |||||
Dana, Inc., Sr. Unsec’d. Notes | 5.375 % | 11/15/27 | 250 | $265,957 | |
Magna International, Inc. (Canada), Sr. Unsec’d. Notes | 2.450 | 06/15/30 | 350 | 358,446 | |
624,403 | |||||
Banks 3.6% | |||||
Banco Santander SA (Spain), Sr. Unsec’d. Notes | 3.848 | 04/12/23 | 200 | 211,417 | |
Bank of America Corp., | |||||
Jr. Sub. Notes, Series JJ | 5.125(ff) | 06/20/24(oo) | 350 | 373,275 | |
Jr. Sub. Notes, Series MM | 4.300(ff) | 01/28/25(oo) | 235 | 242,771 | |
Sr. Unsec’d. Notes | 3.004(ff) | 12/20/23 | 191 | 197,969 | |
Sr. Unsec’d. Notes, GMTN | 3.300 | 01/11/23 | 390 | 406,999 | |
Sr. Unsec’d. Notes, GMTN | 3.593(ff) | 07/21/28 | 160 | 175,997 | |
Sr. Unsec’d. Notes, MTN | 3.194(ff) | 07/23/30 | 215 | 231,462 | |
Sr. Unsec’d. Notes, MTN | 3.550(ff) | 03/05/24 | 85 | 89,296 | |
Sr. Unsec’d. Notes, MTN | 3.824(ff) | 01/20/28 | 1,835 | 2,037,996 | |
Sr. Unsec’d. Notes, MTN | 3.974(ff) | 02/07/30 | 115 | 130,396 | |
Sr. Unsec’d. Notes, MTN | 4.271(ff) | 07/23/29 | 350 | 402,234 | |
Sr. Unsec’d. Notes, Series N | 2.651(ff) | 03/11/32 | 2,290 | 2,350,858 | |
Sub. Notes, MTN | 4.450 | 03/03/26 | 365 | 414,024 | |
Bank of Montreal (Canada), Sr. Unsec’d. Notes, MTN | 2.500 | 06/28/24 | 660 | 696,612 | |
Bank of New York Mellon Corp. (The), | |||||
Sr. Unsec’d. Notes, MTN | 2.200 | 08/16/23 | 782 | 810,149 | |
Sr. Unsec’d. Notes, MTN | 2.950 | 01/29/23 | 170 | 176,743 | |
Barclays PLC (United Kingdom), | |||||
Sr. Unsec’d. Notes | 2.645(ff) | 06/24/31 | 1,075 | 1,088,027 | |
Sr. Unsec’d. Notes | 4.375 | 01/12/26 | 200 | 224,085 | |
Sr. Unsec’d. Notes, MTN | 4.972(ff) | 05/16/29 | 400 | 468,706 | |
BNP Paribas SA (France), | |||||
Sr. Unsec’d. Notes, 144A | 1.904(ff) | 09/30/28 | 750 | 743,743 | |
Sr. Unsec’d. Notes, 144A, MTN | 2.950 | 05/23/22 | 275 | 281,333 | |
BPCE SA (France), Sr. Unsec’d. Notes, 144A | 2.277(ff) | 01/20/32 | 250 | 245,148 | |
Citigroup, Inc., | |||||
Jr. Sub. Notes, Series U | 5.000(ff) | 09/12/24(oo) | 100 | 104,814 | |
Jr. Sub. Notes, Series V | 4.700(ff) | 01/30/25(oo) | 1,290 | 1,330,039 | |
Sr. Unsec’d. Notes | 2.561(ff) | 05/01/32 | 185 | 188,470 | |
Sr. Unsec’d. Notes | 2.572(ff) | 06/03/31 | 880 | 904,364 |
36
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Banks (cont’d.) | |||||
Citigroup, Inc., (cont’d.) | |||||
Sr. Unsec’d. Notes | 3.668 %(ff) | 07/24/28 | 290 | $320,296 | |
Sr. Unsec’d. Notes | 3.700 | 01/12/26 | 200 | 221,035 | |
Sr. Unsec’d. Notes | 3.887(ff) | 01/10/28 | 1,500 | 1,669,081 | |
Sub. Notes | 4.400 | 06/10/25 | 767 | 856,841 | |
Sub. Notes | 4.450 | 09/29/27 | 195 | 222,709 | |
Sub. Notes | 4.750 | 05/18/46 | 55 | 69,965 | |
Credit Suisse Group AG (Switzerland), Sr. Unsec’d. Notes, 144A | 3.091(ff) | 05/14/32 | 495 | 510,030 | |
Deutsche Bank AG (Germany), Sr. Unsec’d. Notes | 2.222(ff) | 09/18/24 | 245 | 251,576 | |
Discover Bank, Sr. Unsec’d. Notes | 4.250 | 03/13/26 | 315 | 353,838 | |
Goldman Sachs Group, Inc. (The), | |||||
Sr. Unsec’d. Notes | 2.615(ff) | 04/22/32 | 1,405 | 1,436,894 | |
Sr. Unsec’d. Notes | 3.750 | 02/25/26 | 50 | 55,314 | |
Sr. Unsec’d. Notes | 3.814(ff) | 04/23/29 | 190 | 212,464 | |
Sr. Unsec’d. Notes | 3.850 | 01/26/27 | 410 | 452,164 | |
Sr. Unsec’d. Notes | 4.223(ff) | 05/01/29 | 95 | 108,459 | |
Sr. Unsec’d. Notes | 5.750 | 01/24/22 | 250 | 257,730 | |
Sub. Notes | 6.750 | 10/01/37 | 275 | 400,466 | |
JPMorgan Chase & Co., | |||||
Jr. Sub. Notes, Series FF | 5.000(ff) | 08/01/24(oo) | 345 | 364,436 | |
Jr. Sub. Notes, Series HH | 4.600(ff) | 02/01/25(oo) | 1,290 | 1,335,654 | |
Jr. Sub. Notes, Series I, 3 Month LIBOR + 3.470% | 3.656(c) | 07/30/21(oo) | 146 | 146,315 | |
Sr. Unsec’d. Notes | 2.580(ff) | 04/22/32 | 375 | 385,271 | |
Sr. Unsec’d. Notes | 2.950 | 10/01/26 | 210 | 226,267 | |
Sr. Unsec’d. Notes | 3.200 | 06/15/26 | 1,066 | 1,160,832 | |
Sr. Unsec’d. Notes | 3.509(ff) | 01/23/29 | 265 | 291,965 | |
Sr. Unsec’d. Notes | 3.702(ff) | 05/06/30 | 145 | 162,168 | |
Sr. Unsec’d. Notes | 3.782(ff) | 02/01/28 | 1,591 | 1,765,640 | |
Sr. Unsec’d. Notes | 4.005(ff) | 04/23/29 | 796 | 901,605 | |
Sr. Unsec’d. Notes | 4.452(ff) | 12/05/29 | 250 | 292,218 | |
Sub. Notes | 3.875 | 09/10/24 | 90 | 98,116 | |
Lloyds Banking Group PLC (United Kingdom), Sr. Unsec’d. Notes | 3.750 | 01/11/27 | 300 | 331,082 | |
Morgan Stanley, | |||||
Jr. Sub. Notes, Series H, 3 Month LIBOR + 3.610% | 3.794(c) | 10/15/21(oo) | 125 | 125,510 | |
Sr. Unsec’d. Notes | 3.217(ff) | 04/22/42 | 150 | 158,719 | |
Sr. Unsec’d. Notes, GMTN | 3.750 | 02/25/23 | 45 | 47,426 | |
Sr. Unsec’d. Notes, GMTN | 3.772(ff) | 01/24/29 | 1,173 | 1,317,233 |
37
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Banks (cont’d.) | |||||
Morgan Stanley, (cont’d.) | |||||
Sr. Unsec’d. Notes, GMTN | 3.875 % | 01/27/26 | 370 | $413,566 | |
Sr. Unsec’d. Notes, GMTN | 4.431(ff) | 01/23/30 | 240 | 281,441 | |
Sr. Unsec’d. Notes, MTN | 3.591(ff) | 07/22/28 | 1,536 | 1,701,880 | |
Societe Generale SA (France), Sr. Unsec’d. Notes, 144A | 1.488(ff) | 12/14/26 | 1,000 | 991,465 | |
State Bank of India (India), Sr. Unsec’d. Notes, 144A | 4.375 | 01/24/24 | 310 | 333,220 | |
State Street Corp., | |||||
Jr. Sub. Notes, Series F, 3 Month LIBOR + 3.597% | 3.716(c) | 09/15/21(oo) | 63 | 63,179 | |
Sub. Notes | 2.200 | 03/03/31 | 960 | 967,982 | |
UniCredit SpA (Italy), Sr. Unsec’d. Notes, 144A | 3.127(ff) | 06/03/32 | 405 | 407,068 | |
Wells Fargo & Co., | |||||
Sr. Unsec’d. Notes, MTN | 2.393(ff) | 06/02/28 | 2,500 | 2,592,301 | |
Sr. Unsec’d. Notes, MTN | 2.572(ff) | 02/11/31 | 1,025 | 1,061,052 | |
39,849,400 | |||||
Beverages 0.1% | |||||
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. (Belgium), Gtd. Notes | 4.700 | 02/01/36 | 150 | 183,971 | |
Anheuser-Busch InBev Finance, Inc. (Belgium), Gtd. Notes | 4.000 | 01/17/43 | 120 | 134,561 | |
Anheuser-Busch InBev Worldwide, Inc. (Belgium), Gtd. Notes | 5.550 | 01/23/49 | 825 | 1,134,342 | |
1,452,874 | |||||
Building Materials 0.2% | |||||
Griffon Corp., Gtd. Notes | 5.750 | 03/01/28 | 800 | 849,344 | |
Johnson Controls International PLC, Sr. Unsec’d. Notes | 6.000 | 01/15/36 | 450 | 630,235 | |
Standard Industries, Inc., Sr. Unsec’d. Notes, 144A | 4.375 | 07/15/30 | 300 | 309,284 | |
1,788,863 |
38
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Chemicals 0.1% | |||||
CF Industries, Inc., Gtd. Notes | 5.375 % | 03/15/44 | 150 | $185,630 | |
Dow Chemical Co. (The), Sr. Unsec’d. Notes | 9.400 | 05/15/39 | 67 | 117,978 | |
Sasol Financing USA LLC (South Africa), | |||||
Gtd. Notes | 4.375 | 09/18/26 | 200 | 206,905 | |
Gtd. Notes | 5.875 | 03/27/24 | 200 | 213,815 | |
Gtd. Notes | 6.500 | 09/27/28 | 200 | 225,185 | |
949,513 | |||||
Commercial Services 0.5% | |||||
Adtalem Global Education, Inc., Sr. Sec’d. Notes, 144A | 5.500 | 03/01/28 | 300 | 305,247 | |
Allied Universal Holdco LLC/Allied Universal Finance Corp., Sr. Sec’d. Notes, 144A | 6.625 | 07/15/26 | 500 | 530,158 | |
ERAC USA Finance LLC, | |||||
Gtd. Notes, 144A | 2.700 | 11/01/23 | 1,166 | 1,218,608 | |
Gtd. Notes, 144A | 7.000 | 10/15/37 | 20 | 29,864 | |
Johns Hopkins University, Sr. Unsec’d. Notes, Series A | 2.813 | 01/01/60 | 100 | 99,541 | |
Loxam SAS (France), Sr. Sub. Notes | 5.750 | 07/15/27 | EUR | 603 | 744,605 |
Nexi SpA (Italy), Sr. Unsec’d. Notes | 2.125 | 04/30/29 | EUR | 930 | 1,093,020 |
President & Fellows of Harvard College, Unsec’d. Notes | 3.300 | 07/15/56 | 270 | 312,194 | |
Trustees of Boston College, Unsec’d. Notes | 3.129 | 07/01/52 | 279 | 295,139 | |
Trustees of the University of Pennsylvania (The), Sr. Unsec’d. Notes | 3.610 | 02/15/2119 | 55 | 62,526 | |
United Rentals North America, Inc., | |||||
Gtd. Notes | 3.875 | 02/15/31 | 75 | 76,355 | |
Gtd. Notes | 5.500 | 05/15/27 | 250 | 264,824 | |
Yale University, Unsec’d. Notes, Series 2020 | 1.482 | 04/15/30 | 595 | 587,504 | |
5,619,585 |
39
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Computers 0.1% | |||||
Banff Merger Sub, Inc., Sr. Unsec’d. Notes, 144A | 9.750 % | 09/01/26 | 175 | $184,477 | |
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., Sr. Unsec’d. Notes, 144A | 6.750 | 06/01/25 | 350 | 355,908 | |
540,385 | |||||
Diversified Financial Services 0.1% | |||||
Nationstar Mortgage Holdings, Inc., | |||||
Gtd. Notes, 144A | 5.500 | 08/15/28 | 120 | 120,951 | |
Gtd. Notes, 144A | 6.000 | 01/15/27 | 400 | 415,037 | |
PennyMac Financial Services, Inc., Gtd. Notes, 144A | 4.250 | 02/15/29 | 325 | 313,146 | |
Power Finance Corp. Ltd. (India), Sr. Unsec’d. Notes, 144A, MTN | 6.150 | 12/06/28 | 200 | 237,279 | |
1,086,413 | |||||
Electric 1.1% | |||||
Baltimore Gas & Electric Co., Sr. Unsec’d. Notes | 6.350 | 10/01/36 | 115 | 165,535 | |
Berkshire Hathaway Energy Co., Sr. Unsec’d. Notes | 5.950 | 05/15/37 | 120 | 165,339 | |
Calpine Corp., | |||||
Sr. Sec’d. Notes, 144A | 4.500 | 02/15/28 | 200 | 203,955 | |
Sr. Unsec’d. Notes, 144A | 4.625 | 02/01/29 | 150 | 148,195 | |
Sr. Unsec’d. Notes, 144A | 5.000 | 02/01/31 | 225 | 223,786 | |
CenterPoint Energy Houston Electric LLC, | |||||
General Ref. Mortgage, Series K2 | 6.950 | 03/15/33 | 120 | 170,001 | |
General Ref. Mortgage, Series Z | 2.400 | 09/01/26 | 170 | 178,877 | |
Commonwealth Edison Co., First Mortgage, Series 123 | 3.750 | 08/15/47 | 754 | 872,384 | |
Dominion Energy, Inc., Jr. Sub. Notes | 3.071 | 08/15/24 | 800 | 848,682 | |
DTE Electric Co., General Ref. Mortgage | 3.750 | 08/15/47 | 622 | 718,773 | |
Duke Energy Carolinas LLC, First Mortgage | 6.050 | 04/15/38 | 55 | 78,155 | |
Duke Energy Corp., Sr. Unsec’d. Notes | 2.650 | 09/01/26 | 210 | 222,127 |
40
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Electric (cont’d.) | |||||
El Paso Electric Co., Sr. Unsec’d. Notes | 6.000 % | 05/15/35 | 135 | $180,197 | |
Emera US Finance LP (Canada), Gtd. Notes | 3.550 | 06/15/26 | 685 | 749,106 | |
Enel Finance International NV (Italy), | |||||
Gtd. Notes, 144A | 2.875 | 05/25/22 | 500 | 511,066 | |
Gtd. Notes, 144A | 4.625 | 09/14/25 | 265 | 300,851 | |
Engie Energia Chile SA (Chile), Sr. Unsec’d. Notes, 144A | 3.400 | 01/28/30 | 200 | 205,225 | |
Eversource Energy, Sr. Unsec’d. Notes, Series O | 4.250 | 04/01/29 | 315 | 367,279 | |
Florida Power & Light Co., First Mortgage | 5.950 | 10/01/33 | 60 | 82,528 | |
Iberdrola International BV (Spain), Gtd. Notes | 6.750 | 09/15/33 | 30 | 40,728 | |
Interstate Power & Light Co., Sr. Unsec’d. Notes | 2.300 | 06/01/30 | 315 | 319,191 | |
Israel Electric Corp. Ltd. (Israel), Sr. Sec’d. Notes, 144A, GMTN | 4.250 | 08/14/28 | 235 | 263,388 | |
Monongahela Power Co., First Mortgage, 144A | 4.100 | 04/15/24 | 280 | 301,722 | |
NRG Energy, Inc., | |||||
Gtd. Notes | 5.750 | 01/15/28 | 50 | 53,324 | |
Gtd. Notes, 144A | 3.375 | 02/15/29 | 50 | 48,972 | |
Gtd. Notes, 144A | 3.625 | 02/15/31 | 100 | 98,207 | |
Gtd. Notes, 144A | 5.250 | 06/15/29 | 400 | 425,911 | |
Ohio Power Co., | |||||
Sr. Unsec’d. Notes | 4.000 | 06/01/49 | 160 | 189,371 | |
Sr. Unsec’d. Notes | 4.150 | 04/01/48 | 175 | 210,269 | |
Pacific Gas & Electric Co., First Mortgage | 3.950 | 12/01/47 | 260 | 241,557 | |
Public Service Co. of Colorado, First Mortgage | 4.300 | 03/15/44 | 35 | 42,729 | |
Public Service Electric & Gas Co., Sr. Sec’d. Notes, MTN | 5.800 | 05/01/37 | 125 | 173,116 | |
San Diego Gas & Electric Co., First Mortgage | 4.150 | 05/15/48 | 230 | 278,619 | |
Southwestern Public Service Co., First Mortgage | 3.700 | 08/15/47 | 250 | 281,626 | |
Virginia Electric & Power Co., Sr. Unsec’d. Notes, Series A | 2.875 | 07/15/29 | 1,135 | 1,222,859 |
41
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Electric (cont’d.) | |||||
Vistra Operations Co. LLC, | |||||
Gtd. Notes, 144A | 5.625 % | 02/15/27 | 600 | $623,507 | |
Sr. Sec’d. Notes, 144A | 3.550 | 07/15/24 | 645 | 681,825 | |
Xcel Energy, Inc., Sr. Unsec’d. Notes | 4.800 | 09/15/41 | 105 | 129,015 | |
12,017,997 | |||||
Electronics 0.1% | |||||
Trimble, Inc., Sr. Unsec’d. Notes | 4.750 | 12/01/24 | 1,200 | 1,334,505 | |
Engineering & Construction 0.1% | |||||
Cellnex Finance Co. SA (Spain), Gtd. Notes, EMTN | 2.000 | 02/15/33 | EUR | 300 | 352,499 |
Cellnex Telecom SA (Spain), Sr. Unsec’d. Notes, EMTN | 1.750 | 10/23/30 | EUR | 300 | 354,169 |
Mexico City Airport Trust (Mexico), | |||||
Sr. Sec’d. Notes | 5.500 | 07/31/47 | 200 | 201,900 | |
Sr. Sec’d. Notes, 144A | 4.250 | 10/31/26 | 200 | 216,863 | |
Sr. Sec’d. Notes, 144A | 5.500 | 07/31/47 | 200 | 201,900 | |
1,327,331 | |||||
Entertainment 0.1% | |||||
AMC Entertainment Holdings, Inc., Sec’d. Notes, 144A, Cash coupon 10.000% / PIK 12.000% or Cash coupon 5.000% and PIK 6.000% | 12.000 | 06/15/26 | 190 | 194,337 | |
Caesars Resort Collection LLC/CRC Finco, Inc., Gtd. Notes, 144A | 5.250 | 10/15/25 | 300 | 303,860 | |
International Game Technology PLC, Sr. Sec’d. Notes, 144A | 6.500 | 02/15/25 | 650 | 727,269 | |
Scientific Games International, Inc., Gtd. Notes, 144A | 8.625 | 07/01/25 | 350 | 383,050 | |
1,608,516 |
42
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Environmental Control 0.0% | |||||
Madison IAQ LLC, | |||||
Sr. Sec’d. Notes, 144A | 4.125 % | 06/30/28 | 125 | $126,229 | |
Sr. Unsec’d. Notes, 144A | 5.875 | 06/30/29 | 100 | 101,756 | |
227,985 | |||||
Foods 0.3% | |||||
B&G Foods, Inc., Gtd. Notes | 5.250 | 09/15/27 | 325 | 338,627 | |
Bellis Acquisition Co. PLC (United Kingdom), Sr. Sec’d. Notes, 144A | 3.250 | 02/16/26 | GBP | 700 | 970,430 |
Bellis Finco PLC (United Kingdom), Sr. Unsec’d. Notes, 144A | 4.000 | 02/16/27 | GBP | 500 | 692,667 |
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc., Sr. Unsec’d. Notes, 144A | 5.500 | 01/15/30 | 500 | 555,241 | |
Kraft Heinz Foods Co., Gtd. Notes | 4.875 | 10/01/49 | 450 | 545,353 | |
3,102,318 | |||||
Gas 0.2% | |||||
AmeriGas Partners LP/AmeriGas Finance Corp., Sr. Unsec’d. Notes | 5.750 | 05/20/27 | 825 | 921,984 | |
CenterPoint Energy Resources Corp., Sr. Unsec’d. Notes | 4.100 | 09/01/47 | 200 | 231,402 | |
NiSource, Inc., | |||||
Sr. Unsec’d. Notes | 3.490 | 05/15/27 | 548 | 602,876 | |
Sr. Unsec’d. Notes | 4.800 | 02/15/44 | 40 | 49,601 | |
Piedmont Natural Gas Co., Inc., Sr. Unsec’d. Notes | 3.500 | 06/01/29 | 740 | 814,842 | |
2,620,705 | |||||
Healthcare-Products 0.1% | |||||
Abbott Laboratories, Sr. Unsec’d. Notes | 4.900 | 11/30/46 | 130 | 177,412 | |
DH Europe Finance II Sarl, Gtd. Notes | 1.350 | 09/18/39 | EUR | 385 | 464,772 |
Medtronic Global Holdings SCA, Gtd. Notes | 2.250 | 03/07/39 | EUR | 100 | 139,013 |
781,197 |
43
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Healthcare-Services 0.7% | |||||
Allina Health System, Unsec’d. Notes, Series 2019 | 3.887 % | 04/15/49 | 115 | $133,018 | |
Anthem, Inc., | |||||
Sr. Unsec’d. Notes | 4.625 | 05/15/42 | 45 | 55,999 | |
Sr. Unsec’d. Notes | 4.650 | 01/15/43 | 30 | 37,443 | |
Ascension Health, Sr. Unsec’d. Notes | 3.945 | 11/15/46 | 795 | 970,108 | |
Catalent Pharma Solutions, Inc., Gtd. Notes, 144A | 2.375 | 03/01/28 | EUR | 800 | 952,383 |
Duke University Health System, Inc., Sr. Unsec’d. Notes, Series 2017 | 3.920 | 06/01/47 | 95 | 114,003 | |
HCA, Inc., | |||||
Gtd. Notes | 3.500 | 09/01/30 | 100 | 106,469 | |
Gtd. Notes | 5.375 | 02/01/25 | 130 | 146,632 | |
Gtd. Notes, MTN | 7.750 | 07/15/36 | 400 | 543,906 | |
Sr. Sec’d. Notes | 3.500 | 07/15/51 | 550 | 550,151 | |
Health Care Service Corp. A Mutual Legal Reserve Co., Sr. Unsec’d. Notes, 144A | 3.200 | 06/01/50 | 160 | 165,502 | |
IHC Health Services, Inc., Sec’d. Notes | 4.131 | 05/15/48 | 480 | 597,246 | |
Kaiser Foundation Hospitals, | |||||
Gtd. Notes | 4.150 | 05/01/47 | 140 | 174,380 | |
Unsec’d. Notes, Series 2021 | 2.810 | 06/01/41 | 495 | 505,749 | |
MEDNAX, Inc., Gtd. Notes, 144A | 6.250 | 01/15/27 | 400 | 423,614 | |
MidMichigan Health, Sec’d. Notes, Series 2020 | 3.409 | 06/01/50 | 155 | 166,456 | |
MultiCare Health System, Unsec’d. Notes | 2.803 | 08/15/50 | 280 | 276,277 | |
Providence St. Joseph Health Obligated Group, | |||||
Unsec’d. Notes, Series 19A | 2.532 | 10/01/29 | 190 | 199,166 | |
Unsec’d. Notes, Series H | 2.746 | 10/01/26 | 50 | 53,347 | |
Tenet Healthcare Corp., | |||||
Gtd. Notes, 144A | 6.125 | 10/01/28 | 250 | 266,015 | |
Sr. Sec’d. Notes | 4.625 | 07/15/24 | 478 | 485,004 | |
UnitedHealth Group, Inc., Sr. Unsec’d. Notes | 3.500 | 02/15/24 | 355 | 382,342 | |
7,305,210 |
44
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Home Builders 0.2% | |||||
Brookfield Residential Properties, Inc./Brookfield Residential US LLC (Canada), Gtd. Notes, 144A | 4.875 % | 02/15/30 | 600 | $595,395 | |
Mattamy Group Corp. (Canada), Sr. Unsec’d. Notes, 144A | 4.625 | 03/01/30 | 675 | 690,799 | |
Taylor Morrison Communities, Inc., | |||||
Gtd. Notes, 144A | 5.750 | 01/15/28 | 500 | 564,336 | |
Gtd. Notes, 144A | 5.875 | 06/15/27 | 90 | 102,012 | |
Sr. Unsec’d. Notes, 144A | 5.125 | 08/01/30 | 80 | 86,688 | |
2,039,230 | |||||
Insurance 0.2% | |||||
Liberty Mutual Group, Inc., | |||||
Gtd. Notes, 144A | 3.950 | 05/15/60 | 115 | 126,309 | |
Gtd. Notes, 144A | 3.951 | 10/15/50 | 180 | 199,720 | |
Gtd. Notes, 144A | 4.569 | 02/01/29 | 350 | 409,097 | |
Lincoln National Corp., Sr. Unsec’d. Notes | 6.300 | 10/09/37 | 110 | 154,402 | |
Markel Corp., | |||||
Sr. Unsec’d. Notes | 5.000 | 03/30/43 | 25 | 30,484 | |
Sr. Unsec’d. Notes | 5.000 | 04/05/46 | 325 | 417,670 | |
New York Life Insurance Co., Sub. Notes, 144A | 6.750 | 11/15/39 | 110 | 166,059 | |
Principal Financial Group, Inc., Gtd. Notes | 4.625 | 09/15/42 | 15 | 18,638 | |
Teachers Insurance & Annuity Association of America, | |||||
Sub. Notes, 144A | 4.270 | 05/15/47 | 240 | 286,719 | |
Sub. Notes, 144A | 6.850 | 12/16/39 | 22 | 33,242 | |
1,842,340 | |||||
Lodging 0.1% | |||||
Hilton Domestic Operating Co., Inc., Gtd. Notes, 144A | 3.625 | 02/15/32 | 375 | 370,414 | |
Marriott International, Inc., | |||||
Sr. Unsec’d. Notes | 3.250 | 09/15/22 | 130 | 132,850 | |
Sr. Unsec’d. Notes, Series R | 3.125 | 06/15/26 | 561 | 597,098 |
45
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Lodging (cont’d.) | |||||
MGM Resorts International, Gtd. Notes | 6.750 % | 05/01/25 | 350 | $374,748 | |
1,475,110 | |||||
Machinery-Diversified 0.1% | |||||
Westinghouse Air Brake Technologies Corp., Gtd. Notes | 4.950 | 09/15/28 | 89 | 103,376 | |
Xylem, Inc., | |||||
Sr. Unsec’d. Notes | 1.950 | 01/30/28 | 975 | 986,432 | |
Sr. Unsec’d. Notes | 4.875 | 10/01/21 | 160 | 161,724 | |
1,251,532 | |||||
Media 0.5% | |||||
CCO Holdings LLC/CCO Holdings Capital Corp., | |||||
Sr. Unsec’d. Notes, 144A | 4.250 | 02/01/31 | 350 | 356,718 | |
Sr. Unsec’d. Notes, 144A | 5.375 | 06/01/29 | 900 | 983,471 | |
Sr. Unsec’d. Notes, 144A | 5.750 | 02/15/26 | 176 | 181,914 | |
Charter Communications Operating LLC/Charter Communications Operating Capital, | |||||
Sr. Sec’d. Notes | 3.900 | 06/01/52 | 290 | 295,100 | |
Sr. Sec’d. Notes | 5.375 | 05/01/47 | 120 | 147,147 | |
Sr. Sec’d. Notes | 6.384 | 10/23/35 | 110 | 147,411 | |
Sr. Sec’d. Notes | 6.484 | 10/23/45 | 172 | 237,396 | |
Comcast Corp., Gtd. Notes | 3.969 | 11/01/47 | 19 | 22,165 | |
Cox Communications, Inc., Sr. Unsec’d. Notes, 144A | 3.150 | 08/15/24 | 255 | 272,194 | |
CSC Holdings LLC, | |||||
Gtd. Notes, 144A | 3.375 | 02/15/31 | 310 | 292,843 | |
Sr. Unsec’d. Notes, 144A | 4.625 | 12/01/30 | 300 | 294,255 | |
Diamond Sports Group LLC/Diamond Sports Finance Co., Sr. Sec’d. Notes, 144A | 5.375 | 08/15/26 | 550 | 356,367 | |
Discovery Communications LLC, Gtd. Notes | 5.300 | 05/15/49 | 575 | 725,097 | |
DISH DBS Corp., | |||||
Gtd. Notes | 7.375 | 07/01/28 | 100 | 107,635 | |
Gtd. Notes | 7.750 | 07/01/26 | 125 | 141,498 | |
Time Warner Cable LLC, Sr. Sec’d. Notes | 5.500 | 09/01/41 | 140 | 174,083 |
46
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Media (cont’d.) | |||||
ViacomCBS, Inc., | |||||
Sr. Unsec’d. Notes | 4.375 % | 03/15/43 | 600 | $692,635 | |
Sr. Unsec’d. Notes | 5.250 | 04/01/44 | 65 | 83,110 | |
Videotron Ltd. (Canada), Gtd. Notes | 5.000 | 07/15/22 | 150 | 156,020 | |
5,667,059 | |||||
Mining 0.0% | |||||
Barrick North America Finance LLC (Canada), Gtd. Notes | 5.750 | 05/01/43 | 280 | 394,179 | |
Southern Copper Corp. (Peru), Sr. Unsec’d. Notes | 7.500 | 07/27/35 | 95 | 137,849 | |
532,028 | |||||
Miscellaneous Manufacturing 0.1% | |||||
Bombardier, Inc. (Canada), | |||||
Sr. Unsec’d. Notes, 144A | 7.125 | 06/15/26 | 375 | 392,614 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 03/15/25 | 300 | 308,928 | |
Sr. Unsec’d. Notes, 144A | 7.875 | 04/15/27 | 150 | 155,496 | |
Pentair Finance Sarl, Gtd. Notes | 4.500 | 07/01/29 | 450 | 527,299 | |
1,384,337 | |||||
Multi-National 0.0% | |||||
Corp. Andina de Fomento (Supranational Bank), | |||||
Sr. Unsec’d. Notes | 2.750 | 01/06/23 | 70 | 72,198 | |
Sr. Unsec’d. Notes | 3.250 | 02/11/22 | 65 | 66,056 | |
138,254 | |||||
Oil & Gas 1.1% | |||||
Aethon United BR LP/Aethon United Finance Corp., Sr. Unsec’d. Notes, 144A | 8.250 | 02/15/26 | 225 | 243,699 | |
Antero Resources Corp., Gtd. Notes, 144A | 8.375 | 07/15/26 | 100 | 113,719 | |
Ascent Resources Utica Holdings LLC/ARU Finance Corp., | |||||
Gtd. Notes, 144A | 9.000 | 11/01/27 | 79 | 109,126 | |
Sr. Unsec’d. Notes, 144A | 8.250 | 12/31/28 | 125 | 137,505 |
47
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Oil & Gas (cont’d.) | |||||
BP Capital Markets America, Inc., Gtd. Notes | 3.790 % | 02/06/24 | 518 | $558,722 | |
BP Capital Markets PLC (United Kingdom), Gtd. Notes | 4.375(ff) | 06/22/25(oo) | 750 | 800,275 | |
Cenovus Energy, Inc. (Canada), | |||||
Sr. Unsec’d. Notes | 4.400 | 04/15/29 | 650 | 736,317 | |
Sr. Unsec’d. Notes | 5.400 | 06/15/47 | 318 | 394,847 | |
Chesapeake Energy Corp., | |||||
Gtd. Notes, 144A | 5.500 | 02/01/26 | 125 | 131,901 | |
Gtd. Notes, 144A | 5.875 | 02/01/29 | 125 | 135,178 | |
ConocoPhillips, Gtd. Notes, 144A | 3.750 | 10/01/27 | 2,000 | 2,246,456 | |
ConocoPhillips Co., Sr. Unsec’d. Notes | 6.950 | 04/15/29 | 150 | 203,925 | |
Continental Resources, Inc., Gtd. Notes | 4.500 | 04/15/23 | 151 | 157,483 | |
Devon Energy Corp., Sr. Unsec’d. Notes | 5.600 | 07/15/41 | 35 | 43,416 | |
Energean Israel Finance Ltd. (Israel), | |||||
Sr. Sec’d. Notes, 144A | 4.875 | 03/30/26 | 15 | 15,369 | |
Sr. Sec’d. Notes, 144A | 5.375 | 03/30/28 | 255 | 261,942 | |
EOG Resources, Inc., Sr. Unsec’d. Notes | 3.900 | 04/01/35 | 120 | 138,597 | |
Helmerich & Payne, Inc., Sr. Unsec’d. Notes | 4.650 | 03/15/25 | 240 | 267,148 | |
Hilcorp Energy I LP/Hilcorp Finance Co., | |||||
Sr. Unsec’d. Notes, 144A | 5.750 | 02/01/29 | 50 | 52,125 | |
Sr. Unsec’d. Notes, 144A | 6.000 | 02/01/31 | 50 | 52,980 | |
MEG Energy Corp. (Canada), Gtd. Notes, 144A | 7.125 | 02/01/27 | 200 | 213,430 | |
Occidental Petroleum Corp., Sr. Unsec’d. Notes | 6.450 | 09/15/36 | 200 | 238,996 | |
Ovintiv, Inc., | |||||
Gtd. Notes | 6.500 | 08/15/34 | 340 | 447,644 | |
Gtd. Notes | 6.625 | 08/15/37 | 50 | 66,783 | |
Petrobras Global Finance BV (Brazil), | |||||
Gtd. Notes | 5.600 | 01/03/31 | 68 | 76,140 | |
Gtd. Notes | 6.625 | 01/16/34 | GBP | 230 | 366,524 |
Gtd. Notes | 6.900 | 03/19/49 | 159 | 190,078 | |
Gtd. Notes | 7.375 | 01/17/27 | 45 | 55,305 | |
Petroleos Mexicanos (Mexico), | |||||
Gtd. Notes | 6.350 | 02/12/48 | 136 | 115,723 |
48
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Oil & Gas (cont’d.) | |||||
Petroleos Mexicanos (Mexico), (cont’d.) | |||||
Gtd. Notes | 6.490 % | 01/23/27 | 73 | $76,949 | |
Gtd. Notes | 6.500 | 03/13/27 | 1,650 | 1,739,980 | |
Gtd. Notes, EMTN | 4.875 | 02/21/28 | EUR | 240 | 289,112 |
Gtd. Notes, MTN | 6.750 | 09/21/47 | 231 | 203,892 | |
Gtd. Notes, MTN | 6.875 | 08/04/26 | 10 | 10,923 | |
Qatar Petroleum (Qatar), Sr. Unsec’d. Notes, 144A | 3.125 | 07/12/41 | 210 | 209,225 | |
Range Resources Corp., Gtd. Notes | 9.250 | 02/01/26 | 625 | 689,279 | |
Sinopec Group Overseas Development 2018 Ltd. (China), Gtd. Notes, 144A | 3.680 | 08/08/49 | 345 | 371,114 | |
12,161,827 | |||||
Oil & Gas Services 0.0% | |||||
Schlumberger Holdings Corp., Sr. Unsec’d. Notes, 144A | 3.900 | 05/17/28 | 336 | 375,171 | |
Packaging & Containers 0.1% | |||||
ARD Finance SA (Luxembourg), Sr. Sec’d. Notes, Cash coupon 5.000% or PIK 5.750% | 5.000 | 06/30/27 | EUR | 1,250 | 1,521,046 |
WestRock RKT LLC, Gtd. Notes | 4.900 | 03/01/22 | 95 | 97,744 | |
1,618,790 | |||||
Pharmaceuticals 0.9% | |||||
AbbVie, Inc., | |||||
Sr. Unsec’d. Notes | 3.600 | 05/14/25 | 315 | 343,877 | |
Sr. Unsec’d. Notes | 4.250 | 11/21/49 | 1,285 | 1,540,699 | |
Sr. Unsec’d. Notes | 4.500 | 05/14/35 | 235 | 283,868 | |
Sr. Unsec’d. Notes | 4.550 | 03/15/35 | 430 | 521,143 | |
Sr. Unsec’d. Notes | 4.700 | 05/14/45 | 250 | 311,914 | |
Bausch Health Cos., Inc., | |||||
Gtd. Notes, 144A | 5.000 | 02/15/29 | 50 | 46,611 | |
Gtd. Notes, 144A | 5.250 | 02/15/31 | 425 | 396,641 | |
Gtd. Notes, 144A | 7.000 | 01/15/28 | 475 | 490,437 | |
Becton, Dickinson & Co., Sr. Unsec’d. Notes | 3.734 | 12/15/24 | 65 | 70,799 |
49
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Pharmaceuticals (cont’d.) | |||||
Bristol-Myers Squibb Co., | |||||
Sr. Unsec’d. Notes | 4.125 % | 06/15/39 | 70 | $84,631 | |
Sr. Unsec’d. Notes | 5.000 | 08/15/45 | 171 | 233,989 | |
Cigna Corp., | |||||
Gtd. Notes | 4.500 | 02/25/26 | 967 | 1,101,001 | |
Sr. Unsec’d. Notes | 3.400 | 03/15/51 | 615 | 643,271 | |
CVS Health Corp., | |||||
Sr. Unsec’d. Notes | 4.300 | 03/25/28 | 923 | 1,060,346 | |
Sr. Unsec’d. Notes | 4.780 | 03/25/38 | 90 | 110,703 | |
Sr. Unsec’d. Notes | 5.125 | 07/20/45 | 487 | 632,097 | |
Sr. Unsec’d. Notes | 5.300 | 12/05/43 | 45 | 59,507 | |
Takeda Pharmaceutical Co. Ltd. (Japan), Sr. Unsec’d. Notes | 3.025 | 07/09/40 | 250 | 252,643 | |
Utah Acquisition Sub, Inc., Gtd. Notes | 5.250 | 06/15/46 | 800 | 979,646 | |
Viatris, Inc., Gtd. Notes, 144A | 4.000 | 06/22/50 | 325 | 344,391 | |
9,508,214 | |||||
Pipelines 0.8% | |||||
Eastern Gas Transmission & Storage, Inc., Sr. Unsec’d. Notes, 144A | 4.600 | 12/15/44 | 10 | 11,690 | |
Energy Transfer LP, | |||||
Jr. Sub. Notes, Series H | 6.500(ff) | 11/15/26(oo) | 610 | 622,023 | |
Sr. Unsec’d. Notes | 4.950 | 06/15/28 | 210 | 243,521 | |
Sr. Unsec’d. Notes | 5.000 | 05/15/50 | 170 | 196,390 | |
Sr. Unsec’d. Notes | 5.300 | 04/15/47 | 500 | 583,522 | |
Enterprise Products Operating LLC, | |||||
Gtd. Notes | 3.200 | 02/15/52 | 275 | 272,474 | |
Gtd. Notes | 4.200 | 01/31/50 | 345 | 399,296 | |
Gtd. Notes | 4.850 | 03/15/44 | 185 | 226,982 | |
Florida Gas Transmission Co. LLC, Sr. Unsec’d. Notes, 144A | 2.550 | 07/01/30 | 350 | 354,486 | |
Kinder Morgan, Inc., Gtd. Notes | 3.250 | 08/01/50 | 220 | 212,937 | |
MPLX LP, | |||||
Sr. Unsec’d. Notes | 2.650 | 08/15/30 | 630 | 636,788 | |
Sr. Unsec’d. Notes | 4.500 | 04/15/38 | 175 | 200,062 | |
Sr. Unsec’d. Notes | 4.875 | 06/01/25 | 375 | 423,390 | |
Sr. Unsec’d. Notes | 5.200 | 03/01/47 | 20 | 24,551 | |
Sr. Unsec’d. Notes | 5.500 | 02/15/49 | 90 | 116,451 |
50
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Pipelines (cont’d.) | |||||
ONEOK Partners LP, Gtd. Notes | 6.200 % | 09/15/43 | 205 | $269,621 | |
ONEOK, Inc., | |||||
Gtd. Notes | 4.500 | 03/15/50 | 1,000 | 1,116,173 | |
Gtd. Notes | 4.950 | 07/13/47 | 50 | 58,587 | |
Phillips 66 Partners LP, Sr. Unsec’d. Notes | 3.550 | 10/01/26 | 360 | 391,459 | |
Plains All American Pipeline LP/PAA Finance Corp., Sr. Unsec’d. Notes | 4.300 | 01/31/43 | 740 | 743,073 | |
Spectra Energy Partners LP, Gtd. Notes | 3.375 | 10/15/26 | 165 | 179,385 | |
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., | |||||
Gtd. Notes, 144A | 5.500 | 01/15/28 | 275 | 279,288 | |
Gtd. Notes, 144A | 6.000 | 12/31/30 | 125 | 130,228 | |
Gtd. Notes, 144A | 7.500 | 10/01/25 | 150 | 163,424 | |
Western Midstream Operating LP, | |||||
Sr. Unsec’d. Notes | 4.000 | 07/01/22 | 445 | 452,166 | |
Sr. Unsec’d. Notes | 5.300 | 03/01/48 | 20 | 21,231 | |
Williams Cos., Inc. (The), | |||||
Sr. Unsec’d. Notes | 4.850 | 03/01/48 | 20 | 24,343 | |
Sr. Unsec’d. Notes | 4.900 | 01/15/45 | 220 | 266,067 | |
Sr. Unsec’d. Notes | 5.400 | 03/04/44 | 175 | 221,477 | |
8,841,085 | |||||
Real Estate 0.0% | |||||
Howard Hughes Corp. (The), Gtd. Notes, 144A | 4.125 | 02/01/29 | 350 | 349,974 | |
Real Estate Investment Trusts (REITs) 0.6% | |||||
Brandywine Operating Partnership LP, Gtd. Notes | 4.550 | 10/01/29 | 450 | 504,052 | |
Brixmor Operating Partnership LP, Sr. Unsec’d. Notes | 4.050 | 07/01/30 | 345 | 386,826 | |
Diversified Healthcare Trust, Sr. Unsec’d. Notes | 4.750 | 02/15/28 | 400 | 396,434 | |
GLP Capital LP/GLP Financing II, Inc., Gtd. Notes | 5.375 | 04/15/26 | 175 | 201,389 | |
Healthpeak Properties, Inc., Sr. Unsec’d. Notes | 2.875 | 01/15/31 | 315 | 330,824 |
51
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Real Estate Investment Trusts (REITs) (cont’d.) | |||||
Sun Communities Operating LP, Gtd. Notes | 2.700 % | 07/15/31 | 675 | $677,733 | |
Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC, Sr. Sec’d. Notes, 144A | 7.875 | 02/15/25 | 400 | 428,425 | |
Ventas Realty LP, Gtd. Notes | 2.650 | 01/15/25 | 1,750 | 1,841,983 | |
VEREIT Operating Partnership LP, Gtd. Notes | 3.400 | 01/15/28 | 800 | 872,187 | |
Welltower, Inc., Sr. Unsec’d. Notes | 4.250 | 04/01/26 | 160 | 180,453 | |
WP Carey, Inc., Sr. Unsec’d. Notes | 2.250 | 04/01/33 | 545 | 524,400 | |
6,344,706 | |||||
Retail 0.4% | |||||
AutoZone, Inc., Sr. Unsec’d. Notes | 1.650 | 01/15/31 | 185 | 176,059 | |
Dollar Tree, Inc., Sr. Unsec’d. Notes | 4.200 | 05/15/28 | 1,055 | 1,203,576 | |
eG Global Finance PLC (United Kingdom), Sr. Sec’d. Notes | 6.250 | 10/30/25 | EUR | 1,200 | 1,457,273 |
Sally Holdings LLC/Sally Capital, Inc., | |||||
Gtd. Notes | 5.625 | 12/01/25 | 170 | 175,517 | |
Sec’d. Notes, 144A | 8.750 | 04/30/25 | 350 | 383,376 | |
Suburban Propane Partners LP/Suburban Energy Finance Corp., Sr. Unsec’d. Notes | 5.875 | 03/01/27 | 500 | 525,810 | |
3,921,611 | |||||
Semiconductors 0.3% | |||||
Broadcom, Inc., | |||||
Gtd. Notes | 3.459 | 09/15/26 | 166 | 180,670 | |
Gtd. Notes | 4.750 | 04/15/29 | 975 | 1,134,188 | |
Sr. Unsec’d. Notes, 144A | 3.419 | 04/15/33 | 1,750 | 1,845,164 | |
3,160,022 |
52
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Software 0.0% | |||||
Microsoft Corp., | |||||
Sr. Unsec’d. Notes | 2.525 % | 06/01/50 | 48 | $47,168 | |
Sr. Unsec’d. Notes | 2.675 | 06/01/60 | 295 | 293,715 | |
340,883 | |||||
Telecommunications 0.8% | |||||
AT&T, Inc., | |||||
Sr. Unsec’d. Notes | 4.300 | 02/15/30 | 5 | 5,781 | |
Sr. Unsec’d. Notes, 144A | 2.550 | 12/01/33 | 274 | 271,568 | |
Sr. Unsec’d. Notes, 144A | 3.500 | 09/15/53 | 1,658 | 1,662,848 | |
Sr. Unsec’d. Notes, 144A | 3.550 | 09/15/55 | 115 | 115,232 | |
British Telecommunications PLC (United Kingdom), Sr. Unsec’d. Notes | 9.625 | 12/15/30 | 50 | 77,535 | |
Digicel International Finance Ltd./Digicel International Holdings Ltd. (Jamaica), | |||||
Gtd. Notes, 144A | 8.000 | 12/31/26 | 150 | 146,583 | |
Sr. Sec’d. Notes, 144A | 8.750 | 05/25/24 | 200 | 208,424 | |
Sr. Sec’d. Notes, 144A | 8.750 | 05/25/24 | 175 | 182,283 | |
Intelsat Jackson Holdings SA (Luxembourg), Gtd. Notes | 5.500 | 08/01/23(d) | 400 | 229,214 | |
Level 3 Financing, Inc., Sr. Sec’d. Notes, 144A | 3.400 | 03/01/27 | 1,250 | 1,328,847 | |
Matterhorn Telecom SA (Luxembourg), Sr. Sec’d. Notes | 3.125 | 09/15/26 | EUR | 800 | 952,157 |
Sprint Capital Corp., Gtd. Notes | 8.750 | 03/15/32 | 300 | 455,860 | |
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC, Sr. Sec’d. Notes, 144A | 3.360 | 03/20/23 | 17 | 17,280 | |
T-Mobile USA, Inc., | |||||
Gtd. Notes | 2.625 | 02/15/29 | 275 | 271,646 | |
Sr. Sec’d. Notes | 2.550 | 02/15/31 | 1,500 | 1,517,096 | |
Sr. Sec’d. Notes | 4.500 | 04/15/50 | 300 | 356,881 | |
Verizon Communications, Inc., | |||||
Sr. Unsec’d. Notes | 3.400 | 03/22/41 | 480 | 508,431 | |
Sr. Unsec’d. Notes | 4.500 | 08/10/33 | 185 | 221,373 | |
Sr. Unsec’d. Notes | 4.862 | 08/21/46 | 451 | 582,593 | |
9,111,632 |
53
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Transportation 0.1% | |||||
Burlington Northern Santa Fe LLC, Sr. Unsec’d. Notes | 6.700 % | 08/01/28 | 135 | $177,010 | |
CSX Corp., Sr. Unsec’d. Notes | 6.150 | 05/01/37 | 170 | 240,000 | |
Norfolk Southern Corp., | |||||
Sr. Unsec’d. Notes | 2.903 | 02/15/23 | 97 | 100,240 | |
Sr. Unsec’d. Notes | 5.590 | 05/17/25 | 20 | 23,394 | |
540,644 | |||||
Total Corporate Bonds (cost $155,360,129) | 165,138,115 | ||||
Municipal Bonds 0.4% | |||||
Alabama 0.0% | |||||
Alabama Economic Settlement Authority, Taxable, Revenue Bonds, Series B | 4.263 | 09/15/32 | 35 | 40,064 | |
California 0.1% | |||||
Bay Area Toll Authority, | |||||
Revenue Bonds, BABs, Series F2 | 6.263 | 04/01/49 | 220 | 356,288 | |
Taxable, Revenue Bonds | 2.574 | 04/01/31 | 415 | 440,282 | |
State of California, | |||||
General Obligation Unlimited, BABs | 7.300 | 10/01/39 | 210 | 335,246 | |
General Obligation Unlimited, Taxable, BABs | 7.500 | 04/01/34 | 15 | 23,592 | |
1,155,408 | |||||
Illinois 0.1% | |||||
Chicago O’Hare International Airport, Revenue Bonds, BABs, Series B | 6.395 | 01/01/40 | 160 | 242,623 | |
State of Illinois, | |||||
General Obligation Unlimited, Series A | 5.000 | 10/01/22 | 35 | 37,027 | |
General Obligation Unlimited, Series D | 5.000 | 11/01/22 | 710 | 753,977 | |
General Obligation Unlimited, Taxable, Pension | 5.100 | 06/01/33 | 100 | 117,641 | |
1,151,268 | |||||
Michigan 0.1% | |||||
University of Michigan, Taxable, Revenue Bonds, Series B | 2.437 | 04/01/40 | 550 | 554,796 |
54
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
New Jersey 0.1% | |||||
New Jersey Turnpike Authority, Taxable, Revenue Bonds, BABs, Series F | 7.414 % | 01/01/40 | 165 | $271,296 | |
New York 0.0% | |||||
New York City Transitional Finance Authority Future Tax Secured Revenue, Taxable, Revenue Bonds, BABs | 5.767 | 08/01/36 | 190 | 242,393 | |
Ohio 0.0% | |||||
Ohio State University (The), Taxable, Revenue Bonds, BABs, Series C | 4.910 | 06/01/40 | 65 | 87,916 | |
Ohio Water Development Authority Water Pollution Control Loan Fund, Taxable, Revenue Bonds, BABs, Series B2 | 4.879 | 12/01/34 | 45 | 53,323 | |
141,239 | |||||
Oregon 0.0% | |||||
State of Oregon Department of Transportation, Taxable, Revenue Bonds, BABs, Series A | 5.834 | 11/15/34 | 70 | 97,966 | |
Pennsylvania 0.0% | |||||
Pennsylvania Turnpike Commission, Revenue Bonds, BABs, Series B | 5.511 | 12/01/45 | 80 | 114,263 | |
Virginia 0.0% | |||||
University of Virginia, Taxable, Revenue Bonds, Series C | 4.179 | 09/01/2117 | 80 | 101,027 | |
Total Municipal Bonds (cost $3,191,683) | 3,869,720 | ||||
Residential Mortgage-Backed Securities 2.3% | |||||
Alternative Loan Trust, Series 2004-18CB, Class 3A1 | 5.250 | 09/25/35 | 2 | 1,631 | |
Banc of America Mortgage Trust, Series 2005-A, Class 2A1 | 2.582(cc) | 02/25/35 | 12 | 12,279 | |
Bellemeade Re Ltd. (Bermuda), | |||||
Series 2018-01A, Class M1B, 144A, 1 Month LIBOR + 1.600% (Cap N/A, Floor 0.000%) | 1.692(c) | 04/25/28 | 80 | 79,578 |
55
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Residential Mortgage-Backed Securities (Continued) | |||||
Bellemeade Re Ltd. (Bermuda), (cont’d.) | |||||
Series 2018-03A, Class M1B, 144A, 1 Month LIBOR + 1.850% (Cap N/A, Floor 1.850%) | 1.942 %(c) | 10/25/28 | 93 | $93,018 | |
Series 2019-03A, Class M1A, 144A, 1 Month LIBOR + 1.100% (Cap N/A, Floor 1.100%) | 1.192(c) | 07/25/29 | 101 | 101,056 | |
Series 2019-03A, Class M1B, 144A, 1 Month LIBOR + 1.600% (Cap N/A, Floor 1.600%) | 1.692(c) | 07/25/29 | 300 | 300,765 | |
Series 2019-04A, Class M1A, 144A, 1 Month LIBOR + 1.400% (Cap N/A, Floor 1.400%) | 1.492(c) | 10/25/29 | 99 | 99,189 | |
Series 2019-04A, Class M1B, 144A, 1 Month LIBOR + 2.000% (Cap N/A, Floor 2.000%) | 2.092(c) | 10/25/29 | 300 | 300,187 | |
Series 2020-01A, Class M1B, 144A, 1 Month LIBOR + 3.400% (Cap N/A, Floor 0.000%) | 3.492(c) | 06/25/30 | 26 | 25,597 | |
Series 2020-04A, Class M2A, 144A, 1 Month LIBOR + 2.600% (Cap N/A, Floor 2.600%) | 2.692(c) | 06/25/30 | 133 | 132,960 | |
Series 2020-04A, Class M2B, 144A, 1 Month LIBOR + 3.600% (Cap N/A, Floor 3.600%) | 3.692(c) | 06/25/30 | 150 | 151,866 | |
Series 2021-01A, Class M1A, 144A, 30 Day Average SOFR + 1.750% (Cap N/A, Floor 1.750%) | 1.768(c) | 03/25/31 | 380 | 382,439 | |
Series 2021-01A, Class M1C, 144A, 30 Day Average SOFR + 2.950% (Cap N/A, Floor 2.950%) | 2.968(c) | 03/25/31 | 150 | 156,746 | |
Central Park Funding Trust, Series 2021-02, Class PT, 144A, 1 Month LIBOR + 3.000% | 3.095(c) | 10/27/22 | 1,013 | 1,012,348 | |
Chase Mortgage Finance Trust, Series 2007-A01, Class 1A5 | 2.485(cc) | 02/25/37 | 24 | 23,746 | |
Connecticut Avenue Securities Trust, | |||||
Series 2019-R03, Class 1M2, 144A, 1 Month LIBOR + 2.150% (Cap N/A, Floor 0.000%) | 2.242(c) | 09/25/31 | 126 | 126,832 | |
Series 2019-R07, Class 1M2, 144A, 1 Month LIBOR + 2.100% (Cap N/A, Floor 0.000%) | 2.192(c) | 10/25/39 | 133 | 133,997 | |
Credit Suisse Mortgage Trust, | |||||
Series 2018-RPL09, Class A, 144A | 3.850(cc) | 09/25/57 | 298 | 311,825 | |
Series 2020-RPL06, Class A1, 144A | 2.688(cc) | 03/25/59 | 465 | 470,901 | |
Eagle Re Ltd. (Bermuda), | |||||
Series 2018-01, Class M1, 144A, 1 Month LIBOR + 1.700% (Cap N/A, Floor 1.700%) | 1.792(c) | 11/25/28 | 69 | 68,872 | |
Series 2020-02, Class M1A, 144A, 1 Month LIBOR + 3.000% (Cap N/A, Floor 0.000%) | 3.092(c) | 10/25/30 | 106 | 105,976 | |
Series 2020-02, Class M1B, 144A, 1 Month LIBOR + 4.000% (Cap N/A, Floor 0.000%) | 4.092(c) | 10/25/30 | 150 | 150,930 |
56
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Residential Mortgage-Backed Securities (Continued) | |||||
Eagle Re Ltd. (Bermuda), (cont’d.) | |||||
Series 2020-02, Class M1C, 144A, 1 Month LIBOR + 4.500% (Cap N/A, Floor 0.000%) | 4.592 %(c) | 10/25/30 | 150 | $152,401 | |
Series 2021-01, Class M1B, 144A, 30 Day Average SOFR + 2.150% (Cap N/A, Floor 2.150%) | 2.168(c) | 10/25/33 | 180 | 182,264 | |
Series 2021-01, Class M1C, 144A, 30 Day Average SOFR + 2.700% (Cap N/A, Floor 2.700%) | 2.718(c) | 10/25/33 | 280 | 285,533 | |
Fannie Mae Connecticut Avenue Securities, | |||||
Series 2017-C07, Class 1M2, 1 Month LIBOR + 2.400% (Cap N/A, Floor 2.400%) | 2.492(c) | 05/25/30 | 131 | 133,314 | |
Series 2018-C03, Class 1M2, 1 Month LIBOR + 2.150% (Cap N/A, Floor 2.150%) | 2.242(c) | 10/25/30 | 73 | 73,572 | |
Fannie Mae REMICS, | |||||
Series 2014-11, Class VB | 4.500 | 04/25/42 | 500 | 565,263 | |
Series 2018-78, Class A | 3.500 | 07/25/43 | 164 | 166,657 | |
FHLMC Structured Agency Credit Risk Debt Notes, | |||||
Series 2017-DNA03, Class M1, 1 Month LIBOR + 0.750% (Cap N/A, Floor 0.000%) | 0.842(c) | 03/25/30 | 97 | 97,378 | |
Series 2020-HQA05, Class B1, 144A, 30 Day Average SOFR + 4.000% (Cap N/A, Floor 0.000%) | 4.018(c) | 11/25/50 | 250 | 261,623 | |
Series 2020-HQA05, Class M2, 144A, 30 Day Average SOFR + 2.600% (Cap N/A, Floor 0.000%) | 2.618(c) | 11/25/50 | 1,205 | 1,224,049 | |
Series 2021-DNA02, Class B1, 144A, 30 Day Average SOFR + 3.400% (Cap N/A, Floor 0.000%) | 3.418(c) | 08/25/33 | 1,120 | 1,153,359 | |
FHLMC Structured Agency Credit Risk REMIC Trust, | |||||
Series 2020-DNA02, Class M2, 144A, 1 Month LIBOR + 1.850% (Cap N/A, Floor 1.850%) | 1.942(c) | 02/25/50 | 360 | 362,931 | |
Series 2020-DNA03, Class M2, 144A, 1 Month LIBOR + 3.000% (Cap N/A, Floor 0.000%) | 3.092(c) | 06/25/50 | 119 | 119,839 | |
Series 2020-DNA04, Class B1, 144A, 1 Month LIBOR + 6.000% (Cap N/A, Floor 0.000%) | 6.092(c) | 08/25/50 | 450 | 482,083 | |
Series 2020-DNA04, Class M2, 144A, 1 Month LIBOR + 3.750% (Cap N/A, Floor 0.000%) | 3.842(c) | 08/25/50 | 167 | 169,008 | |
Series 2020-DNA05, Class B1, 144A, 30 Day Average SOFR + 4.800% (Cap N/A, Floor 0.000%) | 4.818(c) | 10/25/50 | 190 | 201,727 | |
Series 2020-HQA03, Class M2, 144A, 1 Month LIBOR + 3.600% (Cap N/A, Floor 0.000%) | 3.692(c) | 07/25/50 | 414 | 419,152 |
57
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Residential Mortgage-Backed Securities (Continued) | |||||
FHLMC Structured Agency Credit Risk REMIC Trust, (cont’d.) | |||||
Series 2021-DNA03, Class B1, 144A, 30 Day Average SOFR + 3.500% (Cap N/A, Floor 0.000%) | 3.518 %(c) | 10/25/33 | 275 | $285,373 | |
Series 2021-HQA02, Class B1, 144A, 30 Day Average SOFR + 3.150% (Cap N/A, Floor 0.000%) | 3.167(c) | 12/25/33 | 100 | 100,503 | |
FHLMC Structured Agency Credit Risk Trust, Series 2018-DNA03, Class M1, 144A, 1 Month LIBOR + 0.750% (Cap N/A, Floor 0.000%) | 0.842(c) | 09/25/48 | 1 | 590 | |
GCAT LLC, Series 2019-04, Class A1, 144A | 3.228 | 11/26/49 | 911 | 913,363 | |
JPMorgan Mortgage Trust, Series 2007-A01, Class 4A1 | 2.727(cc) | 07/25/35 | 10 | 9,888 | |
Jupiter Mortgage PLC (United Kingdom), Series 01A, Class B, 144A, 3 Month SONIA + 1.400% (Cap N/A, Floor 0.000%) | 1.448(c) | 07/20/60 | GBP | 300 | 416,360 |
Legacy Mortgage Asset Trust, | |||||
Series 2019-GS06, Class A1, 144A | 3.000 | 06/25/59 | 82 | 82,117 | |
Series 2019-PR01, Class A1, 144A | 3.858 | 09/25/59 | 313 | 316,998 | |
Series 2020-GS01, Class A1, 144A | 2.882 | 10/25/59 | 353 | 355,302 | |
Series 2020-SL01, Class A, 144A | 2.734 | 01/25/60 | 308 | 310,772 | |
Series 2021-GS01, Class A1, 144A | 1.892 | 10/25/66 | 163 | 163,523 | |
Series 2021-SL01, Class A, 144A | 1.991(cc) | 07/01/82 | 594 | 594,216 | |
Mortgage Repurchase Agreement Financing Trust, | |||||
Series 2020-03, Class A1, 144A, 1 Month LIBOR + 1.250% (Cap N/A, Floor 1.250%) | 1.327(c) | 01/23/23 | 185 | 185,006 | |
Series 2020-04, Class A1, 144A, 1 Month LIBOR + 1.350% (Cap N/A, Floor 0.000%) | 1.427(c) | 04/23/23 | 175 | 175,084 | |
Series 2020-04, Class A2, 144A, 1 Month LIBOR + 1.350% (Cap N/A, Floor 0.000%) | 1.427(c) | 04/23/23 | 345 | 345,165 | |
MRA Issuance Trust, Series 2020-15, Class A, 144A, 1 Month LIBOR + 1.500% (Cap N/A, Floor 1.500%) | 1.592(c) | 07/15/21 | 4,150 | 4,150,174 | |
New Residential Mortgage Loan Trust, Series 2018-04A, Class A1S, 144A, 1 Month LIBOR + 0.750% (Cap N/A, Floor 0.750%) | 0.842(c) | 01/25/48 | 120 | 120,360 | |
Oaktown Re III Ltd. (Bermuda), Series 2019-01A, Class M1A, 144A, 1 Month LIBOR + 1.400% (Cap N/A, Floor 1.400%) | 1.492(c) | 07/25/29 | 12 | 11,597 | |
Oaktown Re IV Ltd. (Bermuda), Series 2020-01A, Class M1B, 144A, 1 Month LIBOR + 4.750% (Cap N/A, Floor 4.750%) | 4.842(c) | 07/25/30 | 64 | 64,628 |
58
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Residential Mortgage-Backed Securities (Continued) | |||||
OBX Trust, Series 2018-01, Class A2, 144A, 1 Month LIBOR + 0.650% (Cap N/A, Floor 0.000%) | 0.742 %(c) | 06/25/57 | 102 | $102,214 | |
PMT Credit Risk Transfer Trust, Series 2020-02R, Class A, 144A, 1 Month LIBOR + 3.815% (Cap N/A, Floor 3.815%) | 3.907(c) | 12/25/22 | 1,162 | 1,167,637 | |
Radnor Re Ltd. (Bermuda), | |||||
Series 2020-01, Class M1B, 144A, 1 Month LIBOR + 1.450% (Cap N/A, Floor 1.450%) | 1.542(c) | 01/25/30 | 200 | 200,406 | |
Series 2020-02, Class M1B, 144A, 1 Month LIBOR + 4.000% (Cap N/A, Floor 4.000%) | 4.092(c) | 10/25/30 | 221 | 221,917 | |
Series 2020-02, Class M1C, 144A, 1 Month LIBOR + 4.600% (Cap N/A, Floor 4.600%) | 4.692(c) | 10/25/30 | 185 | 187,437 | |
Residential Mortgage Securities PLC (United Kingdom), Series 32A, Class A, 144A, 3 Month SONIA + 1.250% (Cap N/A, Floor 0.000%) | 1.299(c) | 06/20/70 | GBP | 529 | 739,615 |
Retiro Mortgage Securities DAC (Ireland), Series 01A, Class A1, 144A | 0.000(cc) | 07/30/75 | EUR | 690 | 813,201 |
Seasoned Credit Risk Transfer Trust, Series 2019-02, Class MA | 3.500 | 08/25/58 | 460 | 484,770 | |
Station Place Securitization Trust, | |||||
Series 2021-04, Class A, 144A, 1 Month LIBOR + 0.900% (Cap N/A, Floor 0.900%)^ | 0.991(c) | 04/11/22 | 1,400 | 1,400,000 | |
Series 2021-08, Class A, 144A, 1 Month LIBOR + 0.800% (Cap N/A, Floor 0.800%) | 0.891(c) | 06/20/22 | 990 | 990,446 | |
Structured Adjustable Rate Mortgage Loan Trust, Series 2004-01, Class 4A3 | 2.537(cc) | 02/25/34 | 19 | 19,041 | |
Total Residential Mortgage-Backed Securities (cost $24,938,347) | 25,220,594 | ||||
Sovereign Bonds 1.0% | |||||
Abu Dhabi Government International Bond (United Arab Emirates), Sr. Unsec’d. Notes, 144A | 3.125 | 10/11/27 | 485 | 532,854 | |
Bermuda Government International Bond (Bermuda), Sr. Unsec’d. Notes, 144A | 2.375 | 08/20/30 | 200 | 200,025 | |
Bulgaria Government International Bond (Bulgaria), Sr. Unsec’d. Notes | 1.375 | 09/23/50 | EUR | 200 | 223,469 |
Colombia Government International Bond (Colombia), | |||||
Sr. Unsec’d. Notes | 5.000 | 06/15/45 | 200 | 212,510 |
59
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Colombia Government International Bond (Colombia), (cont’d.) | |||||
Sr. Unsec’d. Notes | 7.375 % | 09/18/37 | 100 | $131,478 | |
Egypt Government International Bond (Egypt), Sr. Unsec’d. Notes, 144A, MTN | 4.750 | 04/16/26 | EUR | 150 | 185,422 |
Export-Import Bank of India (India), Sr. Unsec’d. Notes, 144A | 3.875 | 02/01/28 | 200 | 216,465 | |
Indonesia Government International Bond (Indonesia), | |||||
Sr. Unsec’d. Notes | 1.100 | 03/12/33 | EUR | 100 | 115,907 |
Sr. Unsec’d. Notes | 3.375 | 07/30/25 | EUR | 350 | 464,243 |
Sr. Unsec’d. Notes | 4.450 | 02/11/24 | 200 | 218,988 | |
Sr. Unsec’d. Notes, EMTN | 2.150 | 07/18/24 | EUR | 315 | 395,713 |
Sr. Unsec’d. Notes, EMTN | 4.750 | 01/08/26 | 200 | 228,402 | |
Japan Finance Organization for Municipalities (Japan), | |||||
Sr. Unsec’d. Notes, 144A, MTN | 2.125 | 10/25/23 | 200 | 207,109 | |
Sr. Unsec’d. Notes, 144A, MTN | 2.625 | 04/20/22 | 400 | 407,438 | |
Panama Government International Bond (Panama), Sr. Unsec’d. Notes | 6.700 | 01/26/36 | 200 | 271,908 | |
Province of Manitoba (Canada), Sr. Unsec’d. Notes | 2.125 | 06/22/26 | 100 | 104,930 | |
Province of Quebec (Canada), Unsec’d. Notes, Series A, MTN | 7.140 | 02/27/26 | 135 | 171,349 | |
Qatar Government International Bond (Qatar), | |||||
Sr. Unsec’d. Notes, 144A | 3.875 | 04/23/23 | 200 | 212,493 | |
Sr. Unsec’d. Notes, 144A | 5.103 | 04/23/48 | 200 | 265,587 | |
Republic of Italy Government International Bond (Italy), Sr. Unsec’d. Notes | 2.875 | 10/17/29 | 2,000 | 2,082,183 | |
Romanian Government International Bond (Romania), | |||||
Sr. Unsec’d. Notes, 144A, MTN | 3.875 | 10/29/35 | EUR | 420 | 585,146 |
Sr. Unsec’d. Notes, EMTN | 4.125 | 03/11/39 | EUR | 270 | 379,381 |
Saudi Government International Bond (Saudi Arabia), | |||||
Sr. Unsec’d. Notes, 144A, MTN | 2.375 | 10/26/21 | 205 | 206,276 | |
Sr. Unsec’d. Notes, 144A, MTN | 2.875 | 03/04/23 | 285 | 295,701 | |
Sr. Unsec’d. Notes, 144A, MTN | 4.000 | 04/17/25 | 200 | 220,877 | |
Tokyo Metropolitan Government (Japan), Sr. Unsec’d. Notes, 144A | 2.500 | 06/08/22 | 200 | 203,967 | |
Ukraine Government International Bond (Ukraine), | |||||
Sr. Unsec’d. Notes | 8.994 | 02/01/24 | 300 | 332,691 | |
Sr. Unsec’d. Notes, 144A | 4.375 | 01/27/30 | EUR | 400 | 442,625 |
Sr. Unsec’d. Notes, 144A | 7.750 | 09/01/22 | 640 | 672,046 |
60
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Uruguay Government International Bond (Uruguay), | |||||
Sr. Unsec’d. Notes | 4.975 % | 04/20/55 | 210 | $271,456 | |
Sr. Unsec’d. Notes | 5.100 | 06/18/50 | 65 | 85,135 | |
Total Sovereign Bonds (cost $9,983,554) | 10,543,774 | ||||
U.S. Government Agency Obligations 0.6% | |||||
Federal Home Loan Bank(k) | 5.500 | 07/15/36 | 135 | 198,805 | |
Federal Home Loan Mortgage Corp. | 4.500 | 10/01/39 | 101 | 112,822 | |
Federal Home Loan Mortgage Corp. | 5.000 | 04/01/34 | 9 | 10,516 | |
Federal Home Loan Mortgage Corp. | 5.000 | 05/01/34 | 18 | 20,293 | |
Federal Home Loan Mortgage Corp. | 5.000 | 10/01/35 | 26 | 29,424 | |
Federal Home Loan Mortgage Corp. | 5.000 | 11/01/41 | 230 | 262,532 | |
Federal Home Loan Mortgage Corp. | 5.500 | 12/01/33 | 18 | 20,894 | |
Federal Home Loan Mortgage Corp. | 5.500 | 05/01/34 | 4 | 4,822 | |
Federal Home Loan Mortgage Corp. | 5.500 | 07/01/34 | 45 | 52,184 | |
Federal Home Loan Mortgage Corp. | 5.500 | 05/01/37 | 7 | 7,998 | |
Federal Home Loan Mortgage Corp. | 5.500 | 10/01/37 | 13 | 15,693 | |
Federal Home Loan Mortgage Corp. | 6.000 | 01/01/34 | 25 | 28,107 | |
Federal Home Loan Mortgage Corp. | 7.000 | 10/01/31 | 1 | 705 | |
Federal Home Loan Mortgage Corp. | 7.000 | 05/01/32 | 11 | 12,219 | |
Federal National Mortgage Assoc. | 4.500 | 09/01/39 | 79 | 87,942 | |
Federal National Mortgage Assoc. | 4.500 | 08/01/40 | 68 | 75,339 | |
Federal National Mortgage Assoc. | 4.500 | 02/01/44 | 100 | 110,991 | |
Federal National Mortgage Assoc. | 4.500 | 08/01/44 | 211 | 233,316 | |
Federal National Mortgage Assoc. | 4.500 | 01/01/45 | 175 | 195,121 | |
Federal National Mortgage Assoc. | 5.000 | 07/01/35 | 19 | 21,865 | |
Federal National Mortgage Assoc. | 5.000 | 02/01/36 | 39 | 44,825 | |
Federal National Mortgage Assoc. | 5.500 | 06/01/33 | 8 | 9,031 | |
Federal National Mortgage Assoc. | 5.500 | 08/01/33 | 14 | 16,277 | |
Federal National Mortgage Assoc. | 5.500 | 09/01/33 | 21 | 24,010 | |
Federal National Mortgage Assoc. | 5.500 | 09/01/33 | 40 | 46,474 | |
Federal National Mortgage Assoc. | 5.500 | 01/01/34 | 16 | 18,178 | |
Federal National Mortgage Assoc. | 5.500 | 01/01/34 | 17 | 19,596 | |
Federal National Mortgage Assoc. | 5.500 | 07/01/34 | 29 | 33,805 | |
Federal National Mortgage Assoc. | 6.000 | 01/01/34 | 6 | 6,986 | |
Federal National Mortgage Assoc. | 6.000 | 01/01/34 | 74 | 85,368 | |
Federal National Mortgage Assoc. | 6.000 | 02/01/34 | 9 | 9,852 | |
Federal National Mortgage Assoc. | 6.000 | 10/01/34 | 2 | 1,681 | |
Federal National Mortgage Assoc. | 6.000 | 10/01/34 | 5 | 5,403 | |
Federal National Mortgage Assoc. | 6.000 | 11/01/34 | 10 | 11,524 | |
Federal National Mortgage Assoc. | 6.000 | 11/01/34 | 16 | 18,324 | |
Federal National Mortgage Assoc. | 6.000 | 11/01/34 | 37 | 42,278 | |
Federal National Mortgage Assoc. | 6.000 | 01/01/35 | 11 | 12,574 |
61
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
U.S. Government Agency Obligations (Continued) | |||||
Federal National Mortgage Assoc. | 6.000 % | 01/01/35 | 56 | $63,350 | |
Federal National Mortgage Assoc. | 6.000 | 02/01/35 | 44 | 51,402 | |
Federal National Mortgage Assoc. | 6.000 | 08/01/36 | 10 | 11,631 | |
Federal National Mortgage Assoc. | 6.000 | 08/01/38 | 5 | 6,169 | |
Federal National Mortgage Assoc. | 6.250 | 05/15/29 | 45 | 61,278 | |
Federal National Mortgage Assoc. | 6.500 | 05/01/24 | 7 | 7,925 | |
Federal National Mortgage Assoc. | 6.500 | 07/01/29 | 6 | 7,037 | |
Federal National Mortgage Assoc. | 6.500 | 07/01/32 | 12 | 14,028 | |
Federal National Mortgage Assoc. | 6.500 | 04/01/33 | 8 | 9,549 | |
Federal National Mortgage Assoc. | 6.500 | 01/01/34 | 9 | 9,875 | |
Federal National Mortgage Assoc. | 6.500 | 01/01/34 | 15 | 17,120 | |
Federal National Mortgage Assoc. | 6.500 | 10/01/36 | 11 | 13,295 | |
Federal National Mortgage Assoc. | 6.500 | 09/01/37 | 46 | 54,743 | |
Federal National Mortgage Assoc. | 6.500 | 10/01/37 | 44 | 49,986 | |
Federal National Mortgage Assoc.(k) | 6.625 | 11/15/30 | 145 | 209,782 | |
Federal National Mortgage Assoc. | 7.000 | 06/01/32 | 10 | 11,698 | |
Federal National Mortgage Assoc.(k) | 7.125 | 01/15/30 | 452 | 658,531 | |
Federal National Mortgage Assoc. | 7.500 | 09/01/30 | 1 | 828 | |
Federal National Mortgage Assoc. | 8.000 | 12/01/23 | —(r) | 219 | |
Federal National Mortgage Assoc. | 8.500 | 02/01/28 | 1 | 1,472 | |
Government National Mortgage Assoc. | 3.000 | 09/20/43 | 143 | 152,399 | |
Government National Mortgage Assoc. | 3.000 | 01/20/44 | 43 | 45,949 | |
Government National Mortgage Assoc. | 3.000 | 03/15/45 | 110 | 115,435 | |
Government National Mortgage Assoc. | 3.000 | 05/20/45 | 155 | 164,608 | |
Government National Mortgage Assoc. | 3.000 | 08/20/45 | 273 | 289,106 | |
Government National Mortgage Assoc. | 3.000 | 06/20/46 | 318 | 336,328 | |
Government National Mortgage Assoc.(k) | 3.000 | 12/20/46 | 524 | 552,304 | |
Government National Mortgage Assoc. | 3.000 | 01/20/47 | 479 | 505,510 | |
Government National Mortgage Assoc. | 3.000 | 03/20/47 | 172 | 182,436 | |
Government National Mortgage Assoc. | 3.000 | 12/20/48 | 911 | 957,423 | |
Government National Mortgage Assoc. | 5.000 | 10/20/37 | 10 | 11,390 | |
Government National Mortgage Assoc. | 5.000 | 04/20/45 | 70 | 79,195 | |
Government National Mortgage Assoc. | 5.500 | 07/15/33 | 19 | 20,878 | |
Government National Mortgage Assoc. | 5.500 | 12/15/33 | 6 | 6,530 | |
Government National Mortgage Assoc. | 5.500 | 09/15/34 | 94 | 104,866 | |
Government National Mortgage Assoc. | 5.500 | 01/15/36 | 44 | 50,600 | |
Government National Mortgage Assoc. | 5.500 | 02/15/36 | 70 | 78,165 | |
Government National Mortgage Assoc. | 6.500 | 09/15/23 | 1 | 1,372 | |
Government National Mortgage Assoc. | 6.500 | 10/15/23 | 1 | 1,223 | |
Government National Mortgage Assoc. | 6.500 | 12/15/23 | 1 | 587 | |
Government National Mortgage Assoc. | 6.500 | 12/15/23 | 2 | 2,042 | |
Government National Mortgage Assoc. | 6.500 | 12/15/23 | 2 | 2,780 | |
Government National Mortgage Assoc. | 6.500 | 04/15/24 | 15 | 17,195 | |
Government National Mortgage Assoc. | 6.500 | 07/15/32 | 2 | 2,040 |
62
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
U.S. Government Agency Obligations (Continued) | |||||
Government National Mortgage Assoc. | 6.500 % | 08/15/32 | —(r) | $237 | |
Government National Mortgage Assoc. | 6.500 | 08/15/32 | 1 | 724 | |
Government National Mortgage Assoc. | 6.500 | 08/15/32 | 1 | 1,659 | |
Government National Mortgage Assoc. | 6.500 | 08/15/32 | 8 | 9,636 | |
Government National Mortgage Assoc. | 7.000 | 06/15/24 | 4 | 4,136 | |
Government National Mortgage Assoc. | 7.000 | 05/15/31 | 4 | 5,008 | |
Government National Mortgage Assoc. | 7.500 | 04/15/29 | 1 | 550 | |
Government National Mortgage Assoc. | 8.000 | 08/15/22 | —(r) | 307 | |
Government National Mortgage Assoc. | 8.000 | 12/15/22 | —(r) | 394 | |
Government National Mortgage Assoc. | 8.000 | 12/15/22 | 1 | 737 | |
Government National Mortgage Assoc. | 8.000 | 06/15/25 | 13 | 13,957 | |
Tennessee Valley Authority, Sr. Unsec’d. Notes | 7.125 | 05/01/30 | 90 | 131,127 | |
Total U.S. Government Agency Obligations (cost $6,558,302) | 7,016,525 | ||||
U.S. Treasury Obligations 6.3% | |||||
U.S. Treasury Bonds(k) | 1.375 | 11/15/40 | 135 | 121,268 | |
U.S. Treasury Bonds | 1.875 | 02/15/51 | 160 | 152,675 | |
U.S. Treasury Bonds | 2.250 | 05/15/41 | 13,265 | 13,803,891 | |
U.S. Treasury Bonds | 2.500 | 02/15/46 | 7,210 | 7,808,205 | |
U.S. Treasury Bonds | 2.500 | 05/15/46 | 3,610 | 3,909,517 | |
U.S. Treasury Bonds | 2.875 | 05/15/43 | 1,380 | 1,585,922 | |
U.S. Treasury Bonds | 3.375 | 11/15/48 | 1,550 | 1,978,187 | |
U.S. Treasury Bonds(k) | 3.625 | 08/15/43 | 870 | 1,119,581 | |
U.S. Treasury Bonds | 3.625 | 02/15/44 | 845 | 1,091,502 | |
U.S. Treasury Notes | 0.125 | 12/15/23 | 80 | 79,581 | |
U.S. Treasury Notes | 0.250 | 10/31/25 | 55 | 53,775 | |
U.S. Treasury Notes | 0.375 | 11/30/25 | 4,850 | 4,762,852 | |
U.S. Treasury Notes | 0.375 | 09/30/27 | 1,790 | 1,710,429 | |
U.S. Treasury Notes | 1.250 | 04/30/28 | 8,610 | 8,639,597 | |
U.S. Treasury Notes | 1.250 | 06/30/28 | 1,310 | 1,312,252 | |
U.S. Treasury Notes | 1.375 | 01/31/25 | 2,365 | 2,430,222 | |
U.S. Treasury Notes | 1.625 | 05/15/31 | 715 | 726,172 | |
U.S. Treasury Notes | 2.625 | 02/15/29 | 4,410 | 4,835,841 | |
U.S. Treasury Notes | 2.875 | 05/15/28 | 7,255 | 8,059,851 | |
U.S. Treasury Strips Coupon | 1.468(s) | 11/15/41 | 210 | 134,777 | |
U.S. Treasury Strips Coupon(k) | 2.052(s) | 11/15/43 | 6,350 | 3,872,756 | |
U.S. Treasury Strips Coupon | 2.374(s) | 05/15/43 | 550 | 340,184 | |
U.S. Treasury Strips Coupon | 2.415(s) | 11/15/40 | 500 | 330,996 | |
U.S. Treasury Strips Coupon | 2.450(s) | 02/15/45 | 120 | 71,245 | |
U.S. Treasury Strips Coupon(k) | 2.487(s) | 11/15/30 | 194 | 167,219 |
63
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
U.S. Treasury Obligations (Continued) | |||||
U.S. Treasury Strips Coupon(k) | 2.732 %(s) | 08/15/30 | 321 | $278,292 | |
Total U.S. Treasury Obligations (cost $68,974,288) | 69,376,789 | ||||
Total Long-Term Investments (cost $882,383,088) | 1,092,237,676 |
Shares | |||||||
Short-Term Investments 1.4% | |||||||
Affiliated Mutual Funds 1.4% | |||||||
PGIM Core Ultra Short Bond Fund(wa) | 15,357,659 | 15,357,659 | |||||
PGIM Institutional Money Market Fund (cost $186,353; includes $186,271 of cash collateral for securities on loan)(b)(wa) | 186,951 | 186,839 | |||||
Total Affiliated Mutual Funds (cost $15,544,012) | 15,544,498 |
Interest Rate | Maturity Date | Principal Amount (000)# | |||||
U.S. Treasury Obligation(k)(n) 0.0% | |||||||
U.S. Treasury Bills (cost $274,974) | 0.045 % | 09/16/21 | 275 | 274,974 |
Options Purchased*~ 0.0% | |||||||
(cost $26,104) | 7,258 | ||||||
Total Short-Term Investments (cost $15,845,090) | 15,826,730 | ||||||
TOTAL INVESTMENTS, BEFORE OPTIONS WRITTEN (cost $898,228,178) | 1,108,064,406 |
64
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Description | Value | ||||
Options Written*~ (0.0)% | |||||
(premiums received $23,863) | $(19,309) | ||||
TOTAL INVESTMENTS, NET OF OPTIONS WRITTEN 99.8% (cost $898,204,315) | 1,108,045,097 | ||||
Other assets in excess of liabilities(z) 0.2% | 2,703,704 | ||||
Net Assets 100.0% | $1,110,748,801 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: |
AUD—Australian Dollar | |
BRL—Brazilian Real | |
CAD—Canadian Dollar | |
CHF—Swiss Franc | |
CLP—Chilean Peso | |
CNH—Chinese Renminbi | |
COP—Colombian Peso | |
CZK—Czech Koruna | |
EUR—Euro | |
GBP—British Pound | |
HUF—Hungarian Forint | |
IDR—Indonesian Rupiah | |
ILS—Israeli Shekel | |
INR—Indian Rupee | |
JPY—Japanese Yen | |
KRW—South Korean Won | |
MXN—Mexican Peso | |
NOK—Norwegian Krone | |
NZD—New Zealand Dollar | |
PEN—Peruvian Nuevo Sol | |
PHP—Philippine Peso | |
PLN—Polish Zloty | |
RUB—Russian Ruble | |
SGD—Singapore Dollar | |
THB—Thai Baht | |
TWD—New Taiwanese Dollar | |
ZAR—South African Rand |
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 | |
Aces—Alternative Credit Enhancements Securities | |
ADR—American Depositary Receipt | |
BABs—Build America Bonds | |
BBR—New Zealand Bank Bill Rate | |
BBSW—Australian Bank Bill Swap Reference Rate | |
BROIS—Brazil Overnight Index Swap | |
BUBOR—Budapest Interbank Offered Rate | |
CDOR—Canadian Dollar Offered Rate | |
CDX—Credit Derivative Index | |
CLO—Collateralized Loan Obligation |
65
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
CLOIS—Sinacofi Chile Interbank Rate Average | |
COOIS—Colombia Overnight Interbank Reference Rate | |
CPI—Consumer Price Index | |
EAFE—Europe, Australasia, Far East | |
EMTN—Euro Medium Term Note | |
ETF—Exchange-Traded Fund | |
EURIBOR—Euro Interbank Offered Rate | |
FHLMC—Federal Home Loan Mortgage Corporation | |
GDR—Global Depositary Receipt | |
GMTN—Global Medium Term Note | |
IO—Interest Only (Principal amount represents notional) | |
JIBAR—Johannesburg Interbank Agreed Rate | |
LIBOR—London Interbank Offered Rate | |
LP—Limited Partnership | |
M—Monthly payment frequency for swaps | |
MSCI—Morgan Stanley Capital International | |
MTN—Medium Term Note | |
NSA—Non-Seasonally Adjusted | |
OTC—Over-the-counter | |
PIK—Payment-in-Kind | |
PJSC—Public Joint-Stock Company | |
PRFC—Preference Shares | |
Q—Quarterly payment frequency for swaps | |
REITs—Real Estate Investment Trust | |
REMICS—Real Estate Mortgage Investment Conduit Security | |
S—Semiannual payment frequency for swaps | |
S&P—Standard & Poor’s | |
SDR—Sweden Depositary Receipt | |
SOFR—Secured Overnight Financing Rate | |
SONIA—Sterling Overnight Index Average | |
Strips—Separate Trading of Registered Interest and Principal of Securities | |
T—Swap payment upon termination | |
USOIS—United States Overnight Index Swap | |
UTS—Unit Trust Security | |
WIBOR—Warsaw Interbank Offered Rate |
* | Non-income producing security. |
# | Principal or notional amount is shown in U.S. dollars unless otherwise stated. |
~ | See tables subsequent to the Schedule of Investments for options detail. |
^ | Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $1,416,371 and 0.1% 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 $156,640; cash collateral of $186,271 (included in liabilities) was received with which the Series 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 Series 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 June 30, 2021. |
(cc) | Variable rate instrument. The rate shown is based on the latest available information as of June 30, 2021. 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. |
66
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
(d) | Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity. |
(f) | Indicates a restricted security that is acquired in unregistered, private sales from the issuing company or from an affiliate of the issuer and is considered restricted as to disposition under federal securities law; the aggregate original cost of such securities is $16,463. The aggregate value of $15,544 is 0.0% of net assets. |
(ff) | Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end. |
(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) | Less than $500 par. |
(s) | Represents zero coupon bond or principal only security. Rate represents yield to maturity at purchase date. |
(wa) | PGIM Investments LLC, the manager of the Series, also serves as manager of the PGIM Core Ultra Short Bond Fund and PGIM Institutional Money Market Fund, if applicable. |
(z) | Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments: |
Options Purchased:
OTC Swaptions | |||||||||||||||||
Description | Call/ Put | Counterparty | Expiration Date | Strike | Receive | Pay | Notional Amount (000)# | Value | |||||||||
CDX.NA.HY.36.V1, 06/20/26 | Call | BNP Paribas S.A. | 08/18/21 | $112.00 | 5.00%(Q) | CDX.NA.HY.36. V1(Q) | 1,430 | $1 | |||||||||
CDX.NA.IG.36.V1, 06/20/26 | Call | Barclays Bank PLC | 07/21/21 | 0.40% | 1.00%(Q) | CDX.NA.IG.36. V1(Q) | 2,360 | 20 | |||||||||
CDX.NA.IG.36.V1, 06/20/26 | Call | Deutsche Bank AG | 08/18/21 | 0.38% | 1.00%(Q) | CDX.NA.IG.36. V1(Q) | 1,160 | 2 | |||||||||
CDX.NA.IG.36.V1, 06/20/26 | Call | Goldman Sachs International | 08/18/21 | 0.40% | 1.00%(Q) | CDX.NA.IG.36. V1(Q) | 2,360 | 35 | |||||||||
CDX.NA.HY.36.V1, 06/20/26 | Put | BNP Paribas S.A. | 08/18/21 | $108.00 | CDX.NA.HY.36. V1(Q) | 5.00%(Q) | 1,430 | 4,689 | |||||||||
CDX.NA.IG.36.V1, 06/20/26 | Put | Barclays Bank PLC | 07/21/21 | 0.58% | CDX.NA.IG.36. V1(Q) | 1.00%(Q) | 2,360 | 368 | |||||||||
CDX.NA.IG.36.V1, 06/20/26 | Put | Deutsche Bank AG | 08/18/21 | 0.55% | CDX.NA.IG.36. V1(Q) | 1.00%(Q) | 1,160 | 816 | |||||||||
CDX.NA.IG.36.V1, 06/20/26 | Put | Goldman Sachs International | 08/18/21 | 0.58% | CDX.NA.IG.36. V1(Q) | 1.00%(Q) | 2,360 | 1,327 | |||||||||
Total Options Purchased (cost $26,104) | $7,258 |
Options Written:
OTC Swaptions | |||||||||||||||||
Description | Call/ Put | Counterparty | Expiration Date | Strike | Receive | Pay | Notional Amount (000)# | Value | |||||||||
CDX.NA.HY.36.V1, 06/20/26 | Call | BNP Paribas S.A. | 08/18/21 | $109.50 | CDX.NA.HY.36 .V1(Q) | 5.00%(Q) | 1,430 | $(8,642) |
67
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Options Written (continued):
OTC Swaptions | |||||||||||||||||
Description | Call/ Put | Counterparty | Expiration Date | Strike | Receive | Pay | Notional Amount (000)# | Value | |||||||||
CDX.NA.IG.36.V1, 06/20/26 | Call | Barclays Bank PLC | 07/21/21 | 0.50% | CDX.NA.IG.36. V1(Q) | 1.00%(Q) | 2,360 | $(2,889) | |||||||||
CDX.NA.IG.36.V1, 06/20/26 | Call | Deutsche Bank AG | 08/18/21 | 0.48% | CDX.NA.IG.36. V1(Q) | 1.00%(Q) | 1,160 | (794) | |||||||||
CDX.NA.IG.36.V1, 06/20/26 | Call | Goldman Sachs International | 08/18/21 | 0.50% | CDX.NA.IG.36. V1(Q) | 1.00%(Q) | 2,360 | (3,464) | |||||||||
CDX.NA.HY.36.V1, 06/20/26 | Put | BNP Paribas S.A. | 08/18/21 | $105.00 | 5.00%(Q) | CDX.NA.HY.36. V1(Q) | 1,430 | (1,855) | |||||||||
CDX.NA.IG.36.V1, 06/20/26 | Put | Barclays Bank PLC | 07/21/21 | 0.75% | 1.00%(Q) | CDX.NA.IG.36. V1(Q) | 2,360 | (147) | |||||||||
CDX.NA.IG.36.V1, 06/20/26 | Put | Deutsche Bank AG | 08/18/21 | 0.70% | 1.00%(Q) | CDX.NA.IG.36. V1(Q) | 1,160 | (289) | |||||||||
CDX.NA.IG.36.V1, 06/20/26 | Put | Goldman Sachs International | 08/18/21 | 0.75% | 1.00%(Q) | CDX.NA.IG.36. V1(Q) | 2,360 | (470) | |||||||||
GS_21-PJA^ | Put | Goldman Sachs International | 06/17/24 | 0.25% | 0.25%(M) | GS_21-PJA(M) | 4,500 | (759) | |||||||||
Total Options Written (premiums received $23,863) | $(19,309) |
Futures contracts outstanding at June 30, 2021: | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Long Positions: | ||||||||
577 | 5 Year U.S. Treasury Notes | Sep. 2021 | $71,218,931 | $(170,001) | ||||
2 | 10 Year U.S. Treasury Notes | Sep. 2021 | 265,000 | 250 | ||||
94 | 20 Year U.S. Treasury Bonds | Sep. 2021 | 15,110,500 | 333,038 | ||||
39 | 30 Year U.S. Ultra Treasury Bonds | Sep. 2021 | 7,514,812 | 162,887 | ||||
9 | Mini MSCI Emerging Markets Index | Sep. 2021 | 614,160 | (3,942) | ||||
11 | S&P 500 E-Mini Index | Sep. 2021 | 2,358,730 | 28,554 | ||||
350,786 | ||||||||
Short Positions: | ||||||||
662 | 2 Year U.S. Treasury Notes | Sep. 2021 | 145,852,047 | 221,869 | ||||
38 | 5 Year Euro-Bobl | Sep. 2021 | 6,044,598 | (2,039) | ||||
27 | 10 Year Euro-Bund | Sep. 2021 | 5,526,152 | (22,756) | ||||
66 | 10 Year U.S. Ultra Treasury Notes | Sep. 2021 | 9,715,407 | (193,630) | ||||
17 | Euro Schatz Index | Sep. 2021 | 2,260,490 | 430 | ||||
3,874 | ||||||||
$354,660 |
68
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Forward foreign currency exchange
contracts outstanding at June 30, 2021:
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
Australian Dollar, | |||||||||||||
Expiring 07/20/21 | Barclays Bank PLC | AUD | 568 | $439,906 | $425,839 | $— | $(14,067) | ||||||
Expiring 07/20/21 | Goldman Sachs International | AUD | 148 | 115,000 | 110,638 | — | (4,362) | ||||||
Expiring 07/20/21 | JPMorgan Chase Bank, N.A. | AUD | 146 | 112,864 | 109,504 | — | (3,360) | ||||||
Expiring 07/20/21 | Morgan Stanley & Co. International PLC | AUD | 147 | 115,000 | 110,542 | — | (4,458) | ||||||
Brazilian Real, | |||||||||||||
Expiring 07/02/21 | BNP Paribas S.A. | BRL | 603 | 115,000 | 121,247 | 6,247 | — | ||||||
Expiring 07/02/21 | BNP Paribas S.A. | BRL | 260 | 51,000 | 52,217 | 1,217 | — | ||||||
Expiring 07/02/21 | Citibank, N.A. | BRL | 604 | 117,000 | 121,497 | 4,497 | — | ||||||
Expiring 07/02/21 | Citibank, N.A. | BRL | 259 | 51,000 | 51,979 | 979 | — | ||||||
Expiring 07/02/21 | Citibank, N.A. | BRL | 254 | 50,000 | 50,995 | 995 | — | ||||||
Expiring 07/02/21 | JPMorgan Chase Bank, N.A. | BRL | 608 | 115,000 | 122,184 | 7,184 | — | ||||||
Expiring 07/02/21 | JPMorgan Chase Bank, N.A. | BRL | 251 | 50,000 | 50,427 | 427 | — | ||||||
Expiring 07/02/21 | Morgan Stanley & Co. International PLC | BRL | 3,967 | 718,781 | 797,368 | 78,587 | — | ||||||
Expiring 07/02/21 | Morgan Stanley & Co. International PLC | BRL | 603 | 114,000 | 121,113 | 7,113 | — | ||||||
Expiring 07/02/21 | Morgan Stanley & Co. International PLC | BRL | 258 | 51,000 | 51,787 | 787 | — | ||||||
Expiring 08/03/21 | Morgan Stanley & Co. International PLC | BRL | 5,206 | 1,051,025 | 1,042,882 | — | (8,143) | ||||||
Canadian Dollar, | |||||||||||||
Expiring 07/20/21 | JPMorgan Chase Bank, N.A. | CAD | 273 | 227,000 | 220,549 | — | (6,451) | ||||||
Chilean Peso, | |||||||||||||
Expiring 09/15/21 | Citibank, N.A. | CLP | 79,118 | 110,000 | 107,508 | — | (2,492) | ||||||
Expiring 09/15/21 | Citibank, N.A. | CLP | 71,020 | 94,000 | 96,505 | 2,505 | — | ||||||
Chinese Renminbi, | |||||||||||||
Expiring 08/18/21 | Citibank, N.A. | CNH | 912 | 141,000 | 140,489 | — | (511) | ||||||
Expiring 08/18/21 | Goldman Sachs International | CNH | 1,005 | 155,000 | 154,906 | — | (94) | ||||||
Expiring 08/18/21 | JPMorgan Chase Bank, N.A. | CNH | 1,116 | 174,000 | 171,997 | — | (2,003) | ||||||
Expiring 08/18/21 | JPMorgan Chase Bank, N.A. | CNH | 979 | 151,000 | 150,855 | — | (145) | ||||||
Expiring 08/18/21 | Morgan Stanley & Co. International PLC | CNH | 956 | 148,000 | 147,339 | — | (661) |
69
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Forward foreign currency exchange
contracts outstanding at June 30, 2021 (continued):
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Colombian Peso, | |||||||||||||
Expiring 09/15/21 | Citibank, N.A. | COP | 582,690 | $161,957 | $154,641 | $— | $(7,316) | ||||||
Expiring 09/15/21 | Citibank, N.A. | COP | 264,634 | 73,000 | 70,232 | — | (2,768) | ||||||
Czech Koruna, | |||||||||||||
Expiring 07/19/21 | Barclays Bank PLC | CZK | 3,231 | 154,000 | 150,207 | — | (3,793) | ||||||
Expiring 07/19/21 | Goldman Sachs International | CZK | 3,122 | 150,000 | 145,138 | — | (4,862) | ||||||
Expiring 07/19/21 | Goldman Sachs International | CZK | 2,171 | 102,000 | 100,922 | — | (1,078) | ||||||
Expiring 07/19/21 | JPMorgan Chase Bank, N.A. | CZK | 5,668 | 261,252 | 263,529 | 2,277 | — | ||||||
Expiring 07/19/21 | JPMorgan Chase Bank, N.A. | CZK | 2,128 | 98,999 | 98,925 | — | (74) | ||||||
Expiring 07/19/21 | Morgan Stanley & Co. International PLC | CZK | 5,446 | 249,061 | 253,195 | 4,134 | — | ||||||
Euro, | |||||||||||||
Expiring 07/19/21 | Bank of America, N.A. | EUR | 347 | 420,623 | 411,036 | — | (9,587) | ||||||
Expiring 07/19/21 | Barclays Bank PLC | EUR | 538 | 656,855 | 638,362 | — | (18,493) | ||||||
Expiring 07/19/21 | Barclays Bank PLC | EUR | 143 | 175,051 | 170,134 | — | (4,917) | ||||||
Expiring 07/19/21 | Barclays Bank PLC | EUR | 95 | 115,000 | 112,205 | — | (2,795) | ||||||
Expiring 07/19/21 | Citibank, N.A. | EUR | 189 | 226,000 | 224,011 | — | (1,989) | ||||||
Expiring 07/19/21 | Citibank, N.A. | EUR | 48 | 57,528 | 56,346 | — | (1,182) | ||||||
Expiring 07/19/21 | Citibank, N.A. | EUR | 48 | 57,527 | 56,345 | — | (1,182) | ||||||
Expiring 07/19/21 | Goldman Sachs International | EUR | 95 | 115,000 | 112,209 | — | (2,791) | ||||||
Expiring 07/19/21 | JPMorgan Chase Bank, N.A. | EUR | 187 | 229,000 | 221,986 | — | (7,014) | ||||||
Expiring 07/19/21 | JPMorgan Chase Bank, N.A. | EUR | 95 | 115,000 | 112,234 | — | (2,766) | ||||||
Expiring 07/19/21 | JPMorgan Chase Bank, N.A. | EUR | 95 | 115,769 | 112,691 | — | (3,078) | ||||||
Expiring 07/19/21 | JPMorgan Chase Bank, N.A. | EUR | 94 | 114,000 | 111,775 | — | (2,225) | ||||||
Expiring 07/19/21 | Morgan Stanley & Co. International PLC | EUR | 99 | 118,000 | 117,076 | — | (924) | ||||||
Expiring 07/19/21 | The Toronto-Dominion Bank | EUR | 95 | 114,000 | 112,762 | — | (1,238) | ||||||
Hungarian Forint, | |||||||||||||
Expiring 07/19/21 | Barclays Bank PLC | HUF | 34,722 | 117,000 | 117,140 | 140 | — | ||||||
Expiring 07/19/21 | Barclays Bank PLC | HUF | 30,990 | 104,000 | 104,551 | 551 | — | ||||||
Expiring 07/19/21 | Barclays Bank PLC | HUF | 22,654 | 79,000 | 76,427 | — | (2,573) | ||||||
Expiring 07/19/21 | Barclays Bank PLC | HUF | 22,563 | 77,000 | 76,118 | — | (882) | ||||||
Expiring 07/19/21 | Barclays Bank PLC | HUF | 21,486 | 75,000 | 72,486 | — | (2,514) |
70
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Forward foreign currency exchange
contracts outstanding at June 30, 2021 (continued):
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Hungarian Forint (cont’d.), | |||||||||||||
Expiring 07/19/21 | Goldman Sachs International | HUF | 21,776 | $76,000 | $73,463 | $— | $(2,537) | ||||||
Indian Rupee, | |||||||||||||
Expiring 09/15/21 | Citibank, N.A. | INR | 67,151 | 910,140 | 894,721 | — | (15,419) | ||||||
Expiring 09/15/21 | Credit Suisse International | INR | 11,110 | 148,000 | 148,036 | 36 | — | ||||||
Expiring 09/15/21 | Goldman Sachs International | INR | 11,401 | 154,000 | 151,911 | — | (2,089) | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | INR | 8,922 | 121,000 | 118,881 | — | (2,119) | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | INR | 15,269 | 204,000 | 203,451 | — | (549) | ||||||
Expiring 09/15/21 | Standard Chartered Bank | INR | 13,463 | 180,000 | 179,384 | — | (616) | ||||||
Expiring 09/15/21 | Standard Chartered Bank | INR | 8,833 | 118,000 | 117,692 | — | (308) | ||||||
Indonesian Rupiah, | |||||||||||||
Expiring 09/15/21 | HSBC Bank PLC | IDR | 18,358,562 | 1,275,166 | 1,248,882 | — | (26,284) | ||||||
Israeli Shekel, | |||||||||||||
Expiring 09/17/21 | Bank of America, N.A. | ILS | 2,104 | 648,405 | 645,983 | — | (2,422) | ||||||
Expiring 09/17/21 | JPMorgan Chase Bank, N.A. | ILS | 369 | 113,000 | 113,204 | 204 | — | ||||||
Japanese Yen, | |||||||||||||
Expiring 07/19/21 | Barclays Bank PLC | JPY | 12,486 | 115,000 | 112,406 | — | (2,594) | ||||||
Expiring 07/19/21 | BNP Paribas S.A. | JPY | 24,553 | 225,601 | 221,044 | — | (4,557) | ||||||
Expiring 07/19/21 | JPMorgan Chase Bank, N.A. | JPY | 13,097 | 118,000 | 117,908 | — | (92) | ||||||
Expiring 07/19/21 | JPMorgan Chase Bank, N.A. | JPY | 13,063 | 118,000 | 117,598 | — | (402) | ||||||
Expiring 07/19/21 | JPMorgan Chase Bank, N.A. | JPY | 12,562 | 115,000 | 113,096 | — | (1,904) | ||||||
Expiring 07/19/21 | JPMorgan Chase Bank, N.A. | JPY | 12,518 | 115,000 | 112,697 | — | (2,303) | ||||||
Mexican Peso, | |||||||||||||
Expiring 09/15/21 | Citibank, N.A. | MXN | 3,784 | 190,611 | 187,976 | — | (2,635) | ||||||
Expiring 09/15/21 | Goldman Sachs International | MXN | 1,894 | 95,000 | 94,080 | — | (920) | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | MXN | 2,584 | 129,000 | 128,391 | — | (609) | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | MXN | 9,326 | 461,219 | 463,323 | 2,104 | — | ||||||
Expiring 09/15/21 | UBS AG | MXN | 2,368 | 117,000 | 117,659 | 659 | — |
71
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Forward foreign currency exchange
contracts outstanding at June 30, 2021 (continued):
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
New Taiwanese Dollar, | |||||||||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | TWD | 4,238 | $155,000 | $152,779 | $— | $(2,221) | ||||||
New Zealand Dollar, | |||||||||||||
Expiring 07/19/21 | JPMorgan Chase Bank, N.A. | NZD | 159 | 115,000 | 111,044 | — | (3,956) | ||||||
Expiring 07/20/21 | Morgan Stanley & Co. International PLC | NZD | 144 | 102,522 | 100,741 | — | (1,781) | ||||||
Philippine Peso, | |||||||||||||
Expiring 09/15/21 | Citibank, N.A. | PHP | 7,578 | 155,000 | 154,306 | — | (694) | ||||||
Expiring 09/15/21 | Citibank, N.A. | PHP | 7,496 | 153,000 | 152,635 | — | (365) | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | PHP | 9,877 | 205,000 | 201,118 | — | (3,882) | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | PHP | 3,823 | 78,000 | 77,848 | — | (152) | ||||||
Polish Zloty, | |||||||||||||
Expiring 07/19/21 | Barclays Bank PLC | PLN | 468 | 128,000 | 122,672 | — | (5,328) | ||||||
Expiring 07/19/21 | Barclays Bank PLC | PLN | 431 | 115,000 | 113,028 | — | (1,972) | ||||||
Expiring 07/19/21 | Barclays Bank PLC | PLN | 377 | 100,000 | 98,902 | — | (1,098) | ||||||
Expiring 07/19/21 | Goldman Sachs International | PLN | 425 | 114,000 | 111,471 | — | (2,529) | ||||||
Expiring 07/19/21 | HSBC Bank PLC | PLN | 517 | 138,000 | 135,610 | — | (2,390) | ||||||
Expiring 07/19/21 | JPMorgan Chase Bank, N.A. | PLN | 389 | 103,000 | 102,036 | — | (964) | ||||||
Expiring 07/19/21 | Morgan Stanley & Co. International PLC | PLN | 369 | 99,000 | 96,873 | — | (2,127) | ||||||
Expiring 07/19/21 | UBS AG | PLN | 483 | 129,000 | 126,701 | — | (2,299) | ||||||
Expiring 07/19/21 | UBS AG | PLN | 376 | 100,000 | 98,526 | — | (1,474) | ||||||
Russian Ruble, | |||||||||||||
Expiring 09/15/21 | Barclays Bank PLC | RUB | 5,584 | 76,000 | 75,461 | — | (539) | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | RUB | 38,742 | 521,459 | 523,541 | 2,082 | — | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | RUB | 14,123 | 194,000 | 190,852 | — | (3,148) | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | RUB | 6,878 | 94,000 | 92,953 | — | (1,047) | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | RUB | 5,642 | 76,000 | 76,248 | 248 | — | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | RUB | 5,463 | 75,000 | 73,830 | — | (1,170) | ||||||
South African Rand, | |||||||||||||
Expiring 09/15/21 | Citibank, N.A. | ZAR | 2,721 | 186,825 | 188,669 | 1,844 | — |
72
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Forward foreign currency exchange
contracts outstanding at June 30, 2021 (continued):
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
South African Rand (cont’d.), | |||||||||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | ZAR | 1,416 | $103,000 | $98,158 | $— | $(4,842) | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | ZAR | 1,432 | 103,000 | 99,288 | — | (3,712) | ||||||
South Korean Won, | |||||||||||||
Expiring 09/15/21 | Citibank, N.A. | KRW | 160,055 | 141,000 | 141,599 | 599 | — | ||||||
Expiring 09/15/21 | Citibank, N.A. | KRW | 129,422 | 117,000 | 114,499 | — | (2,501) | ||||||
Expiring 09/15/21 | Credit Suisse International | KRW | 1,061,690 | 951,761 | 939,270 | — | (12,491) | ||||||
Thai Baht, | |||||||||||||
Expiring 09/15/21 | Goldman Sachs International | THB | 11,381 | 364,429 | 354,994 | — | (9,435) | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | THB | 17,079 | 546,801 | 532,716 | — | (14,085) | ||||||
$20,085,137 | $19,923,204 | 125,416 | (287,349) |
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
Australian Dollar, | |||||||||||||
Expiring 07/20/21 | BNP Paribas S.A. | AUD | 303 | $234,000 | $227,013 | $6,987 | $— | ||||||
Expiring 07/20/21 | Citibank, N.A. | AUD | 296 | 229,000 | 222,173 | 6,827 | — | ||||||
Expiring 07/20/21 | Citibank, N.A. | AUD | 153 | 118,000 | 114,931 | 3,069 | — | ||||||
Expiring 07/20/21 | JPMorgan Chase Bank, N.A. | AUD | 156 | 118,191 | 117,004 | 1,187 | — | ||||||
Expiring 07/20/21 | JPMorgan Chase Bank, N.A. | AUD | 156 | 118,157 | 117,005 | 1,152 | — | ||||||
Expiring 07/20/21 | Morgan Stanley & Co. International PLC | AUD | 152 | 115,842 | 114,004 | 1,838 | — | ||||||
Brazilian Real, | |||||||||||||
Expiring 07/02/21 | BNP Paribas S.A. | BRL | 410 | 75,000 | 82,459 | — | (7,459) | ||||||
Expiring 07/02/21 | BNP Paribas S.A. | BRL | 404 | 77,000 | 81,124 | — | (4,124) | ||||||
Expiring 07/02/21 | BNP Paribas S.A. | BRL | 247 | 50,000 | 49,613 | 387 | — | ||||||
Expiring 07/02/21 | Citibank, N.A. | BRL | 586 | 118,000 | 117,863 | 137 | — | ||||||
Expiring 07/02/21 | Credit Suisse International | BRL | 410 | 76,000 | 82,436 | — | (6,436) | ||||||
Expiring 07/02/21 | Morgan Stanley & Co. International PLC | BRL | 5,206 | 1,054,303 | 1,046,468 | 7,835 | — | ||||||
Expiring 07/02/21 | Morgan Stanley & Co. International PLC | BRL | 402 | 76,000 | 80,851 | — | (4,851) |
73
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Forward foreign currency exchange
contracts outstanding at June 30, 2021 (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.): | |||||||||||||
British Pound, | |||||||||||||
Expiring 07/19/21 | Morgan Stanley & Co. International PLC | GBP | 3,009 | $4,138,146 | $4,161,968 | $— | $(23,822) | ||||||
Canadian Dollar, | |||||||||||||
Expiring 07/20/21 | Citibank, N.A. | CAD | 584 | 466,022 | 471,029 | — | (5,007) | ||||||
Expiring 07/20/21 | JPMorgan Chase Bank, N.A. | CAD | 277 | 229,000 | 223,330 | 5,670 | — | ||||||
Chilean Peso, | |||||||||||||
Expiring 09/15/21 | BNP Paribas S.A. | CLP | 205,458 | 286,901 | 279,186 | 7,715 | — | ||||||
Expiring 09/15/21 | BNP Paribas S.A. | CLP | 84,398 | 117,000 | 114,684 | 2,316 | — | ||||||
Expiring 09/15/21 | Citibank, N.A. | CLP | 87,021 | 118,000 | 118,249 | — | (249) | ||||||
Expiring 09/15/21 | Citibank, N.A. | CLP | 84,271 | 117,000 | 114,510 | 2,490 | — | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | CLP | 185,891 | 259,557 | 252,597 | 6,960 | — | ||||||
Chinese Renminbi, | |||||||||||||
Expiring 08/18/21 | Credit Suisse International | CNH | 1,699 | 265,000 | 261,747 | 3,253 | — | ||||||
Expiring 08/18/21 | Credit Suisse International | CNH | 1,634 | 255,000 | 251,821 | 3,179 | — | ||||||
Expiring 08/18/21 | HSBC Bank PLC | CNH | 964 | 150,000 | 148,483 | 1,517 | — | ||||||
Expiring 08/18/21 | JPMorgan Chase Bank, N.A. | CNH | 943 | 147,000 | 145,315 | 1,685 | — | ||||||
Colombian Peso, | |||||||||||||
Expiring 09/15/21 | Citibank, N.A. | COP | 391,314 | 104,001 | 103,852 | 149 | — | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | COP | 404,037 | 106,000 | 107,229 | — | (1,229) | ||||||
Czech Koruna, | |||||||||||||
Expiring 07/19/21 | Barclays Bank PLC | CZK | 3,207 | 154,000 | 149,111 | 4,889 | — | ||||||
Expiring 07/19/21 | Barclays Bank PLC | CZK | 2,520 | 118,000 | 117,156 | 844 | — | ||||||
Expiring 07/19/21 | Citibank, N.A. | CZK | 4,952 | 236,000 | 230,209 | 5,791 | — | ||||||
Expiring 07/19/21 | Citibank, N.A. | CZK | 2,110 | 101,000 | 98,105 | 2,895 | — | ||||||
Expiring 07/19/21 | UBS AG | CZK | 2,173 | 104,000 | 101,029 | 2,971 | — | ||||||
Euro, | |||||||||||||
Expiring 07/19/21 | Barclays Bank PLC | EUR | 98 | 117,000 | 116,127 | 873 | — | ||||||
Expiring 07/19/21 | BNP Paribas S.A. | EUR | 3,699 | 4,436,396 | 4,388,293 | 48,103 | — | ||||||
Expiring 07/19/21 | HSBC Bank PLC | EUR | 4,904 | 5,877,191 | 5,817,040 | 60,151 | — | ||||||
Expiring 07/19/21 | HSBC Bank PLC | EUR | 113 | 138,000 | 134,628 | 3,372 | — | ||||||
Expiring 07/19/21 | JPMorgan Chase Bank, N.A. | EUR | 481 | 583,000 | 570,703 | 12,297 | — | ||||||
Expiring 07/19/21 | JPMorgan Chase Bank, N.A. | EUR | 193 | 235,151 | 228,941 | 6,210 | — | ||||||
Expiring 07/19/21 | JPMorgan Chase Bank, N.A. | EUR | 192 | 234,405 | 227,754 | 6,651 | — | ||||||
Expiring 07/19/21 | JPMorgan Chase Bank, N.A. | EUR | 118 | 140,851 | 139,974 | 877 | — |
74
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Forward foreign currency exchange
contracts outstanding at June 30, 2021 (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 07/19/21 | JPMorgan Chase Bank, N.A. | EUR | 99 | $118,000 | $117,164 | $836 | $— | ||||||
Expiring 07/19/21 | JPMorgan Chase Bank, N.A. | EUR | 97 | 117,000 | 115,514 | 1,486 | — | ||||||
Expiring 07/19/21 | Morgan Stanley & Co. International PLC | EUR | 2,985 | 3,563,132 | 3,541,402 | 21,730 | — | ||||||
Expiring 07/19/21 | Morgan Stanley & Co. International PLC | EUR | 1,229 | 1,497,661 | 1,458,259 | 39,402 | — | ||||||
Expiring 07/19/21 | UBS AG | EUR | 1,122 | 1,358,571 | 1,331,253 | 27,318 | — | ||||||
Expiring 07/19/21 | UBS AG | EUR | 97 | 117,000 | 114,505 | 2,495 | — | ||||||
Hungarian Forint, | |||||||||||||
Expiring 07/19/21 | Barclays Bank PLC | HUF | 148,458 | 490,519 | 500,846 | — | (10,327) | ||||||
Expiring 07/19/21 | Barclays Bank PLC | HUF | 29,341 | 101,000 | 98,985 | 2,015 | — | ||||||
Expiring 07/19/21 | Barclays Bank PLC | HUF | 21,740 | 75,000 | 73,342 | 1,658 | — | ||||||
Expiring 07/19/21 | BNP Paribas S.A. | HUF | 33,908 | 118,000 | 114,394 | 3,606 | — | ||||||
Expiring 07/19/21 | Citibank, N.A. | HUF | 22,173 | 78,000 | 74,805 | 3,195 | — | ||||||
Expiring 07/19/21 | Goldman Sachs International | HUF | 33,514 | 117,000 | 113,064 | 3,936 | — | ||||||
Expiring 07/19/21 | Goldman Sachs International | HUF | 29,333 | 101,000 | 98,960 | 2,040 | — | ||||||
Expiring 07/19/21 | Goldman Sachs International | HUF | 28,556 | 100,000 | 96,337 | 3,663 | — | ||||||
Expiring 07/19/21 | JPMorgan Chase Bank, N.A. | HUF | 22,591 | 76,000 | 76,214 | — | (214) | ||||||
Expiring 07/19/21 | Morgan Stanley & Co. International PLC | HUF | 21,594 | 76,000 | 72,850 | 3,150 | — | ||||||
Indian Rupee, | |||||||||||||
Expiring 09/15/21 | HSBC Bank PLC | INR | 10,574 | 141,000 | 140,891 | 109 | — | ||||||
Indonesian Rupiah, | |||||||||||||
Expiring 09/15/21 | HSBC Bank PLC | IDR | 3,370,143 | 234,000 | 229,261 | 4,739 | — | ||||||
Expiring 09/15/21 | HSBC Bank PLC | IDR | 3,368,453 | 234,000 | 229,146 | 4,854 | — | ||||||
Israeli Shekel, | |||||||||||||
Expiring 09/17/21 | Barclays Bank PLC | ILS | 409 | 126,000 | 125,713 | 287 | — | ||||||
Expiring 09/17/21 | Barclays Bank PLC | ILS | 384 | 118,000 | 117,760 | 240 | — | ||||||
Expiring 09/17/21 | Citibank, N.A. | ILS | 496 | 153,000 | 152,298 | 702 | — | ||||||
Expiring 09/17/21 | Morgan Stanley & Co. International PLC | ILS | 966 | 297,000 | 296,514 | 486 | — | ||||||
Japanese Yen, | |||||||||||||
Expiring 07/19/21 | JPMorgan Chase Bank, N.A. | JPY | 24,727 | 229,000 | 222,605 | 6,395 | — | ||||||
Expiring 07/19/21 | JPMorgan Chase Bank, N.A. | JPY | 12,642 | 116,000 | 113,813 | 2,187 | — |
75
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Forward foreign currency exchange
contracts outstanding at June 30, 2021 (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.): | |||||||||||||
Japanese Yen (cont’d.), | |||||||||||||
Expiring 07/19/21 | JPMorgan Chase Bank, N.A. | JPY | 11,474 | $105,542 | $103,294 | $2,248 | $— | ||||||
Expiring 07/20/21 | JPMorgan Chase Bank, N.A. | JPY | 12,511 | 115,000 | 112,633 | 2,367 | — | ||||||
Mexican Peso, | |||||||||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | MXN | 2,415 | 118,000 | 119,983 | — | (1,983) | ||||||
New Taiwanese Dollar, | |||||||||||||
Expiring 09/15/21 | Goldman Sachs International | TWD | 8,317 | 303,530 | 299,848 | 3,682 | — | ||||||
New Zealand Dollar, | |||||||||||||
Expiring 07/20/21 | BNP Paribas S.A. | NZD | 161 | 116,000 | 112,583 | 3,417 | — | ||||||
Peruvian Nuevo Sol, | |||||||||||||
Expiring 09/15/21 | Citibank, N.A. | PEN | 389 | 99,000 | 101,244 | — | (2,244) | ||||||
Expiring 09/15/21 | Goldman Sachs International | PEN | 851 | 225,144 | 221,757 | 3,387 | — | ||||||
Expiring 09/15/21 | Goldman Sachs International | PEN | 609 | 157,000 | 158,762 | — | (1,762) | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | PEN | 660 | 169,244 | 172,079 | — | (2,835) | ||||||
Philippine Peso, | |||||||||||||
Expiring 09/15/21 | Barclays Bank PLC | PHP | 8,850 | 181,000 | 180,200 | 800 | — | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | PHP | 6,230 | 129,304 | 126,861 | 2,443 | — | ||||||
Polish Zloty, | |||||||||||||
Expiring 07/19/21 | Citibank, N.A. | PLN | 1,348 | 354,401 | 353,689 | 712 | — | ||||||
Russian Ruble, | |||||||||||||
Expiring 09/15/21 | Barclays Bank PLC | RUB | 8,758 | 118,000 | 118,353 | — | (353) | ||||||
Expiring 09/15/21 | Goldman Sachs International | RUB | 5,849 | 79,000 | 79,046 | — | (46) | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | RUB | 8,684 | 118,000 | 117,357 | 643 | — | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | RUB | 8,631 | 118,000 | 116,635 | 1,365 | — | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | RUB | 7,821 | 107,000 | 105,694 | 1,306 | — | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | RUB | 5,497 | 75,000 | 74,286 | 714 | — | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | RUB | 7,483 | 101,000 | 101,128 | — | (128) |
76
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Forward foreign currency exchange
contracts outstanding at June 30, 2021 (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.): | |||||||||||||
Singapore Dollar, | |||||||||||||
Expiring 09/15/21 | Goldman Sachs International | SGD | 242 | $180,000 | $180,053 | $— | $(53) | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | SGD | 203 | 151,000 | 150,878 | 122 | — | ||||||
South African Rand, | |||||||||||||
Expiring 09/15/21 | Citibank, N.A. | ZAR | 11,305 | 823,549 | 783,924 | 39,625 | — | ||||||
Expiring 09/15/21 | Citibank, N.A. | ZAR | 9,064 | 662,669 | 628,552 | 34,117 | — | ||||||
Expiring 09/15/21 | The Toronto-Dominion Bank | ZAR | 7,660 | 549,568 | 531,209 | 18,359 | — | ||||||
South Korean Won, | |||||||||||||
Expiring 09/15/21 | Goldman Sachs International | KRW | 117,046 | 105,000 | 103,549 | 1,451 | — | ||||||
Expiring 09/15/21 | HSBC Bank PLC | KRW | 392,853 | 352,000 | 347,555 | 4,445 | — | ||||||
Expiring 09/15/21 | Standard Chartered Bank | KRW | 213,235 | 188,000 | 188,648 | — | (648) | ||||||
Thai Baht, | |||||||||||||
Expiring 09/15/21 | Citibank, N.A. | THB | 3,687 | 118,000 | 115,001 | 2,999 | — | ||||||
Expiring 09/15/21 | HSBC Bank PLC | THB | 6,103 | 194,000 | 190,348 | 3,652 | — | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | THB | 7,073 | 226,000 | 220,618 | 5,382 | — | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | THB | 5,552 | 178,000 | 173,161 | 4,839 | — | ||||||
Expiring 09/15/21 | Standard Chartered Bank | THB | 5,654 | 179,000 | 176,348 | 2,652 | — | ||||||
$38,140,948 | $37,717,185 | 497,533 | (73,770) | ||||||||||
$622,949 | $(361,119) |
Cross currency exchange contracts outstanding at June 30, 2021: | ||||||||||||||
Settlement | Type | Notional Amount (000) | In Exchange For (000) | Unrealized Appreciation | Unrealized Depreciation | Counterparty | ||||||||
OTC Cross Currency Exchange Contracts: | ||||||||||||||
07/19/21 | Buy | CHF | 375 | EUR | 342 | $— | $(393) | JPMorgan Securities LLC | ||||||
07/19/21 | Buy | EUR | 96 | JPY | 12,560 | 806 | — | JPMorgan Securities LLC | ||||||
07/19/21 | Buy | EUR | 308 | CHF | 338 | 260 | — | UBS AG | ||||||
07/19/21 | Buy | EUR | 388 | CHF | 426 | — | (419) | Goldman Sachs & Co. | ||||||
07/19/21 | Buy | EUR | 476 | NOK | 4,803 | 6,755 | — | JPMorgan Securities LLC |
77
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Cross currency exchange contracts outstanding at June 30, 2021 (continued): | ||||||||||||||
Settlement | Type | Notional Amount (000) | In Exchange For (000) | Unrealized Appreciation | Unrealized Depreciation | Counterparty | ||||||||
OTC Cross Currency Exchange Contracts (cont’d.): | ||||||||||||||
07/19/21 | Buy | HUF | 22,728 | EUR | 64 | $345 | $— | Hong Kong & Shanghai Bank | ||||||
07/19/21 | Buy | NOK | 4,774 | EUR | 468 | — | (648) | JPMorgan Securities LLC | ||||||
07/19/21 | Buy | PLN | 520 | EUR | 114 | 1,195 | — | JPMorgan Securities LLC | ||||||
07/20/21 | Buy | AUD | 148 | JPY | 12,455 | — | (1,126) | JPMorgan Securities LLC | ||||||
07/20/21 | Buy | AUD | 148 | JPY | 12,564 | — | (2,105) | JPMorgan Securities LLC | ||||||
$9,361 | $(4,691) |
Credit default swap agreements
outstanding at June 30, 2021:
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at June 30, 2021(4) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
OTC Credit Default Swap Agreement on asset-backed and/or mortgage-backed securities - Sell Protection(2)^: | |||||||||||||||||
GS_21-PJA | 08/14/21 | 0.250%(M) | 4,500 | 0.250% | $1,586 | $(448) | $2,034 | Goldman Sachs International |
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 Agreement on corporate and/or sovereign issues - Buy Protection(1): | ||||||||||||||||
United Mexican States | 12/20/24 | 1.000%(Q) | 400 | $(5,574) | $(3,307) | $(2,267) | Barclays Bank PLC |
78
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Credit default swap agreements
outstanding at June 30, 2021 (continued):
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at June 30, 2021(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): | |||||||||||||||||
Boeing Co. | 12/20/21 | 1.000%(Q) | 1,000 | 0.456% | $2,916 | $2,563 | $353 | Bank of America, N.A. | |||||||||
Petroleos Mexicanos | 12/20/24 | 1.000%(Q) | 400 | 3.220% | (29,180) | (14,510) | (14,670) | Barclays Bank PLC | |||||||||
$(26,264) | $(11,947) | $(14,317) |
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Value at Trade Date | Value at June 30, 2021 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Credit Default Swap Agreement on credit indices - Buy Protection(1): | ||||||||||||||
CDX.NA.IG.36.V1 | 06/20/26 | 1.000%(Q) | 6,850 | $(143,965) | $(176,448) | $(32,483) |
The Series 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 Series 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 Series 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 Series is a seller of protection, it receives the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Series 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 Series 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 Series is the seller of protection as of the reporting date serve as an indicator of the current status |
79
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
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. |
Inflation swap agreements outstanding at June 30, 2021: | ||||||||||||||
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at June 30, 2021 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Inflation Swap Agreements: | ||||||||||||||
565 | 01/12/26 | 2.185%(T) | U.S. CPI Urban Consumers NSA Index(2)(T) | $— | $(20,300) | $(20,300) | ||||||||
950 | 01/13/31 | 2.230%(T) | U.S. CPI Urban Consumers NSA Index(2)(T) | — | (38,895) | (38,895) | ||||||||
905 | 04/07/31 | 2.469%(T) | U.S. CPI Urban Consumers NSA Index(2)(T) | — | (10,325) | (10,325) | ||||||||
270 | 04/09/31 | 2.435%(T) | U.S. CPI Urban Consumers NSA Index(2)(T) | — | (4,058) | (4,058) | ||||||||
550 | 04/09/31 | 2.448%(T) | U.S. CPI Urban Consumers NSA Index(2)(T) | — | (7,504) | (7,504) | ||||||||
550 | 04/13/31 | 2.445%(T) | U.S. CPI Urban Consumers NSA Index(2)(T) | — | (7,565) | (7,565) | ||||||||
335 | 04/13/31 | 2.450%(T) | U.S. CPI Urban Consumers NSA Index(2)(T) | — | (4,422) | (4,422) | ||||||||
340 | 04/14/31 | 2.450%(T) | U.S. CPI Urban Consumers NSA Index(2)(T) | — | (4,443) | (4,443) | ||||||||
280 | 04/15/31 | 2.460%(T) | U.S. CPI Urban Consumers NSA Index(2)(T) | — | (3,332) | (3,332) | ||||||||
535 | 04/15/31 | 2.465%(T) | U.S. CPI Urban Consumers NSA Index(2)(T) | — | (6,070) | (6,070) | ||||||||
$— | $(106,914) | $(106,914) |
(1) | The Series pays the fixed rate and receives the floating rate. |
(2) | The Series pays the floating rate and receives the fixed rate. |
Interest rate swap agreements
outstanding at June 30, 2021:
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at June 30, 2021 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements: | ||||||||||||||
AUD | 1,800 | 02/13/30 | 1.210%(S) | 6 Month BBSW(2)(S) | $(7) | $(20,408) | $(20,401) | |||||||
AUD | 360 | 01/18/31 | 1.073%(S) | 6 Month BBSW(2)(S) | (8) | (10,150) | (10,142) | |||||||
AUD | 360 | 01/18/31 | 1.081%(S) | 6 Month BBSW(2)(S) | (8) | (9,944) | (9,936) | |||||||
AUD | 1,660 | 03/19/31 | 1.800%(S) | 6 Month BBSW(2)(S) | (179) | 34,784 | 34,963 |
80
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Interest rate swap agreements
outstanding at June 30, 2021 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at June 30, 2021 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
AUD | 550 | 03/19/31 | 1.850%(S) | 6 Month BBSW(2)(S) | $(61) | $13,492 | $13,553 | |||||||
BRL | 5,646 | 01/02/25 | 6.343%(T) | 1 Day BROIS(2)(T) | — | (41,638) | (41,638) | |||||||
BRL | 6,198 | 01/02/25 | 6.343%(T) | 1 Day BROIS(2)(T) | — | (46,120) | (46,120) | |||||||
BRL | 9,569 | 01/02/25 | 6.359%(T) | 1 Day BROIS(2)(T) | — | (70,349) | (70,349) | |||||||
BRL | 11,882 | 01/04/27 | 6.215%(T) | 1 Day BROIS(2)(T) | — | (146,557) | (146,557) | |||||||
BRL | 2,360 | 01/04/27 | 6.845%(T) | 1 Day BROIS(2)(T) | — | (27,212) | (27,212) | |||||||
BRL | 1,951 | 01/04/27 | 6.890%(T) | 1 Day BROIS(2)(T) | — | (21,603) | (21,603) | |||||||
BRL | 3,500 | 01/04/27 | 6.890%(T) | 1 Day BROIS(2)(T) | — | (39,014) | (39,014) | |||||||
CAD | 2,620 | 01/14/26 | 0.875%(S) | 3 Month CDOR(2)(S) | (21) | (43,823) | (43,802) | |||||||
CAD | 2,160 | 01/19/26 | 0.865%(S) | 3 Month CDOR(2)(S) | (17) | (37,333) | (37,316) | |||||||
CLP | 2,000,000 | 01/20/28 | 2.090%(S) | 1 Day CLOIS(2)(S) | — | (262,387) | (262,387) | |||||||
COP | 1,141,000 | 02/18/25 | 4.505%(Q) | 1 Day COOIS(2)(Q) | — | (2,207) | (2,207) | |||||||
COP | 1,967,840 | 02/21/25 | 4.565%(Q) | 1 Day COOIS(2)(Q) | — | (1,118) | (1,118) | |||||||
COP | 5,286,000 | 02/03/26 | 3.080%(Q) | 1 Day COOIS(2)(Q) | — | (113,715) | (113,715) | |||||||
COP | 806,000 | 02/18/30 | 5.072%(Q) | 1 Day COOIS(2)(Q) | — | (9,077) | (9,077) | |||||||
COP | 564,000 | 02/18/30 | 5.081%(Q) | 1 Day COOIS(2)(Q) | — | (6,254) | (6,254) | |||||||
COP | 1,216,000 | 02/24/30 | 5.078%(Q) | 1 Day COOIS(2)(Q) | — | (13,607) | (13,607) | |||||||
GBP | 119 | 05/08/23 | 0.950%(A) | 1 Day SONIA(1)(A) | (2,711) | (2,574) | 137 | |||||||
GBP | 928 | 05/08/26 | 1.000%(A) | 1 Day SONIA(1)(A) | (34,697) | (35,166) | (469) | |||||||
GBP | 190 | 05/08/31 | 1.150%(A) | 1 Day SONIA(1)(A) | (8,272) | (11,689) | (3,417) | |||||||
HUF | 452,000 | 02/14/30 | 1.605%(A) | 6 Month BUBOR(2)(S) | — | (120,206) | (120,206) | |||||||
HUF | 123,000 | 02/18/30 | 1.803%(A) | 6 Month BUBOR(2)(S) | — | (26,072) | (26,072) | |||||||
MXN | 13,605 | 03/19/26 | 6.050%(M) | 28 Day Mexican Interbank Rate(2)(M) | (30) | (13,937) | (13,907) | |||||||
MXN | 16,700 | 01/12/28 | 5.020%(M) | 28 Day Mexican Interbank Rate(2)(M) | (12) | (78,726) | (78,714) | |||||||
MXN | 2,050 | 01/03/31 | 5.550%(M) | 28 Day Mexican Interbank Rate(2)(M) | (9) | (10,379) | (10,370) | |||||||
MXN | 6,570 | 01/13/31 | 5.460%(M) | 28 Day Mexican Interbank Rate(2)(M) | (9) | (35,624) | (35,615) | |||||||
MXN | 23,200 | 01/15/31 | 5.450%(M) | 28 Day Mexican Interbank Rate(2)(M) | (30) | (126,795) | (126,765) |
81
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Interest rate swap agreements
outstanding at June 30, 2021 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at June 30, 2021 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
MXN | 1,540 | 12/28/35 | 6.000%(M) | 28 Day Mexican Interbank Rate(2)(M) | $(10) | $(9,601) | $(9,591) | |||||||
NZD | 600 | 02/14/30 | 1.523%(S) | 3 Month BBR(2)(Q) | — | (6,365) | (6,365) | |||||||
NZD | 340 | 01/19/31 | 1.090%(S) | 3 Month BBR(2)(Q) | — | (15,122) | (15,122) | |||||||
NZD | 1,310 | 01/19/31 | 1.096%(S) | 3 Month BBR(2)(Q) | 571 | (57,746) | (58,317) | |||||||
NZD | 460 | 01/26/31 | 1.098%(S) | 3 Month BBR(2)(Q) | — | (20,366) | (20,366) | |||||||
NZD | 785 | 03/22/31 | 1.920%(S) | 3 Month BBR(2)(Q) | — | 5,903 | 5,903 | |||||||
PLN | 950 | 01/19/31 | 1.200%(A) | 6 Month WIBOR(2)(S) | 512 | (10,852) | (11,364) | |||||||
PLN | 4,840 | 01/21/31 | 1.170%(A) | 6 Month WIBOR(2)(S) | (4,671) | (58,974) | (54,303) | |||||||
PLN | 2,420 | 03/16/31 | 1.760%(A) | 6 Month WIBOR(2)(S) | 1,816 | 3,873 | 2,057 | |||||||
1,520 | 01/19/26 | 0.380%(A) | 1 Day USOIS(1)(A) | — | 19,743 | 19,743 | ||||||||
1,660 | 01/21/26 | 0.374%(A) | 1 Day USOIS(1)(A) | — | 22,188 | 22,188 | ||||||||
900 | 02/14/30 | 1.382%(A) | 1 Day USOIS(1)(A) | — | (24,176) | (24,176) | ||||||||
120 | 01/19/31 | 0.931%(A) | 1 Day USOIS(1)(A) | — | 2,312 | 2,312 | ||||||||
1,290 | 03/22/31 | 1.449%(A) | 1 Day USOIS(1)(A) | — | (36,379) | (36,379) | ||||||||
ZAR | 9,600 | 02/11/30 | 7.481%(Q) | 3 Month JIBAR(2)(Q) | (325) | 22,132 | 22,457 | |||||||
ZAR | 12,200 | 02/28/30 | 7.500%(Q) | 3 Month JIBAR(2)(Q) | (3,750) | 27,161 | 30,911 | |||||||
ZAR | 4,300 | 03/02/30 | 7.625%(Q) | 3 Month JIBAR(2)(Q) | (15) | 11,891 | 11,906 | |||||||
ZAR | 6,300 | 03/12/30 | 7.840%(Q) | 3 Month JIBAR(2)(Q) | (51) | 23,141 | 23,192 | |||||||
ZAR | 4,200 | 03/12/30 | 7.900%(Q) | 3 Month JIBAR(2)(Q) | (37) | 16,602 | 16,639 | |||||||
ZAR | 10,000 | 03/18/30 | 10.650%(Q) | 3 Month JIBAR(2)(Q) | — | 44,597 | 44,597 | |||||||
ZAR | 3,500 | 04/01/30 | 8.600%(Q) | 3 Month JIBAR(2)(Q) | (13) | 27,547 | 27,560 | |||||||
ZAR | 8,300 | 04/03/30 | 9.300%(Q) | 3 Month JIBAR(2)(Q) | (152) | 93,129 | 93,281 | |||||||
ZAR | 17,400 | 07/07/30 | 7.040%(Q) | 3 Month JIBAR(2)(Q) | (446) | 287 | 733 |
82
PGIM Balanced Fund
Schedule of Investments as of June 30,
2021 (unaudited) (continued)
Interest rate swap agreements
outstanding at June 30, 2021 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at June 30, 2021 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
ZAR | 5,200 | 01/15/31 | 6.765%(Q) | 3 Month JIBAR(2)(Q) | $(18,566) | $(10,372) | $8,194 | |||||||
ZAR | 14,600 | 03/18/31 | 7.660%(Q) | 3 Month JIBAR(2)(Q) | 20,248 | 27,855 | 7,607 | |||||||
$(50,960) | $(1,237,000) | $(1,186,040) |
(1) | The Series pays the fixed rate and receives the floating rate. |
(2) | The Series pays the floating rate and receives the fixed rate. |
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).
83