PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Long-Term Investments 98.0%          
Asset-Backed Securities 9.5%
Canada 0.1%
Fairstone Financial Issuance Trust,
Series 2020-01A, Class A, 144A
2.509 % 10/20/39 CAD 1,500  $1,107,731
Ford Auto Securitization Trust,          
Series 2020-AA, Class B, 144A 1.872 06/15/26 CAD 400 295,914
Series 2020-AA, Class C, 144A 2.763 04/15/28 CAD 500 372,367
          1,776,012
Cayman Islands 2.7%
Battalion CLO Ltd.,
Series 2015-08A, Class A1R2, 144A, 3 Month LIBOR + 1.070% (Cap N/A, Floor 1.070%)
3.810(c) 07/18/30   5,500 5,414,911
Carlyle CLO Ltd.,
Series C17A, Class A1AR, 144A, 3 Month LIBOR + 1.030% (Cap N/A, Floor 0.000%)
3.812(c) 04/30/31   15,000 14,693,314
Carlyle US CLO Ltd.,
Series 2018-01A, Class A1, 144A, 3 Month LIBOR + 1.020% (Cap N/A, Floor 0.000%)
3.730(c) 04/20/31   12,500 12,287,721
Elevation CLO Ltd.,
Series 2017-06A, Class A1, 144A, 3 Month LIBOR + 1.280% (Cap N/A, Floor 1.280%)
3.792(c) 07/15/29   436 430,829
MidOcean Credit CLO,          
Series 2016-05A, Class AR, 144A, 3 Month LIBOR + 1.120% (Cap N/A, Floor 0.000%) 3.858(c) 07/19/28   1,919 1,902,237
Series 2018-08A, Class B, 144A, 3 Month LIBOR + 1.650% (Cap N/A, Floor 0.000%) 3.128(c) 02/20/31   2,000 1,906,668
Series 2018-09A, Class A1, 144A, 3 Month LIBOR + 1.150% (Cap N/A, Floor 1.150%) 3.860(c) 07/20/31   2,000 1,962,400
Mountain View CLO Ltd.,          
Series 2015-09A, Class A2R, 144A, 3 Month LIBOR + 1.780% (Cap N/A, Floor 0.000%) 4.292(c) 07/15/31   5,750 5,476,271
Series 2019-01A, Class A1R, 144A, 3 Month LIBOR + 1.250% (Cap N/A, Floor 1.250%) 3.762(c) 10/15/34   15,000 14,478,751
OZLM Ltd.,          
Series 2014-06A, Class A2AS, 144A, 3 Month LIBOR + 1.750% (Cap N/A, Floor 0.000%) 4.490(c) 04/17/31   2,000 1,902,109
Series 2018-20A, Class A1, 144A, 3 Month LIBOR + 1.050% (Cap N/A, Floor 1.050%) 3.760(c) 04/20/31   5,000 4,889,484
     
 
Race Point CLO Ltd.,
Series 2013-08A, Class AR2, 144A, 3 Month LIBOR + 1.040% (Cap N/A, Floor 1.040%)
2.518(c) 02/20/30   8,402 8,263,658
1

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Asset-Backed Securities (Continued)
Cayman Islands (cont’d.)
Shackleton CLO Ltd.,          
Series 2014-05RA, Class A, 144A, 3 Month LIBOR + 1.100% (Cap N/A, Floor 0.000%) 2.471 %(c) 05/07/31   5,000  $4,898,088
Series 2014-05RA, Class B, 144A, 3 Month LIBOR + 1.700% (Cap N/A, Floor 0.000%) 3.071(c) 05/07/31   6,500 6,003,104
Series 2017-10A, Class BR, 144A, 3 Month LIBOR + 1.550% (Cap N/A, Floor 0.000%) 4.260(c) 04/20/29   10,000 9,526,829
     
 
Silver Creek CLO Ltd.,
Series 2014-01A, Class AR, 144A, 3 Month LIBOR + 1.240% (Cap N/A, Floor 0.000%)
3.950(c) 07/20/30   420 415,204
Voya CLO Ltd.,
Series 2013-02A, Class A1R, 144A, 3 Month SOFR + 1.232% (Cap N/A, Floor 0.970%)
3.773(c) 04/25/31   4,500 4,393,599
Wellfleet CLO Ltd.,
Series 2017-03A, Class A1, 144A, 3 Month LIBOR + 1.150% (Cap N/A, Floor 1.150%)
3.890(c) 01/17/31   2,500 2,456,776
Zais CLO Ltd.,          
Series 2015-03A, Class A2R, 144A, 3 Month LIBOR + 2.190% (Cap N/A, Floor 0.000%) 4.702(c) 07/15/31   8,500 8,173,089
Series 2017-02A, Class A, 144A, 3 Month LIBOR + 1.290% (Cap N/A, Floor 0.000%) 3.802(c) 04/15/30   710 701,317
          110,176,359
Ireland 4.5%
Anchorage Capital Europe CLO DAC,
Series 04A, Class A, 144A, 3 Month EURIBOR + 0.870% (Cap N/A, Floor 0.870%)
1.015(c) 04/25/34 EUR 4,000 3,897,209
Ares European CLO DAC,
Series 2013-06A, Class B1RR, 144A, 3 Month EURIBOR + 1.250% (Cap N/A, Floor 1.250%)
1.250(c) 04/15/30 EUR 8,000 7,652,034
Armada Euro CLO DAC,
Series 02A, Class A3, 144A
1.500 11/15/31 EUR 1,500 1,500,583
BNPP AM Euro CLO DAC,
Series 2018-01A, Class AR, 144A, 3 Month EURIBOR + 0.600% (Cap N/A, Floor 0.600%)
0.600(c) 04/15/31 EUR 10,000 9,919,508
Bosphorus CLO DAC,
Series 06A, Class A, 144A, 3 Month EURIBOR + 0.850% (Cap N/A, Floor 0.850%)
0.850(c) 05/25/34 EUR 20,000 19,242,644
Capital Four CLO DAC,
Series 02A, Class A, 144A, 3 Month EURIBOR + 1.050% (Cap N/A, Floor 1.050%)
1.050(c) 01/15/34 EUR 23,000 22,620,836
2

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Asset-Backed Securities (Continued)
Ireland (cont’d.)
Carlyle Euro CLO DAC,          
Series 2017-02A, Class AA2R, 144A, 3 Month EURIBOR + 1.300% (Cap N/A, Floor 1.300%) 1.300 %(c) 08/15/30 EUR 9,500  $9,121,326
Series 2019-01A, Class A1R, 144A, 3 Month EURIBOR + 0.750% (Cap N/A, Floor 0.750%) 0.750(c) 03/15/32 EUR 20,000 19,561,418
CIFC European Funding CLO DAC,          
Series 03A, Class A, 144A, 3 Month EURIBOR + 1.050% (Cap N/A, Floor 1.050%) 1.050(c) 01/15/34 EUR 15,000 14,588,700
Series 03A, Class B2, 144A 2.000 01/15/34 EUR 11,500 10,907,213
     
 
Hayfin Emerald CLO DAC,
Series 05A, Class A, 144A, 3 Month EURIBOR + 1.100% (Cap N/A, Floor 1.100%)
1.100(c) 11/17/32 EUR 18,500 18,304,615
Henley CLO DAC,
Series 04A, Class A, 144A, 3 Month EURIBOR + 0.900% (Cap N/A, Floor 0.900%)
0.900(c) 04/25/34 EUR 5,000 4,802,203
Invesco Euro CLO DAC,
Series 01A, Class A2R, 144A
0.800 07/15/31 EUR 30,000 29,730,329
OAK Hill European Credit Partners DAC,
Series 2017-06A, Class A2, 144A
1.150 01/20/32 EUR 2,955 2,941,828
Providus CLO DAC,
Series 02A, Class B1R, 144A, 3 Month EURIBOR + 1.650% (Cap N/A, Floor 1.650%)
1.650(c) 07/15/31 EUR 7,500 7,233,196
Rathlin Residential DAC,
Series 2021-01A, Class A, 144A, 1 Month EURIBOR + 2.000%
1.488(c) 09/27/75 EUR 1,298 1,265,214
          183,288,856
Luxembourg 0.0%
LSF11 Boson Investments Sarl (Compartment 2),
Series 2021-NPLA, Class A1, 144A, 3 Month EURIBOR + 2.000% (Cap N/A, Floor 2.000%)
1.637(c) 11/25/60 EUR 1,373 1,333,744
Spain 0.1%
TFS,          
Series 2018-03, Class A1^ 0.000 04/16/40 EUR —(r) 4,257
Series 2018-03, Class A1, 1 Month EURIBOR + 3.000%^ 3.000(c) 04/16/23 EUR 3,711 3,724,349
          3,728,606
3

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Asset-Backed Securities (Continued)
United Kingdom 0.2%
Newday Funding Master Issuer PLC,          
Series 2021-01A, Class A1, 144A, SONIA + 0.970% (Cap N/A, Floor 0.000%) 2.093 %(c) 03/15/29 GBP 3,700  $4,458,017
Series 2021-01A, Class A2, 144A, SOFR + 1.100% (Cap N/A, Floor 0.000%) 2.360(c) 03/15/29   3,500 3,432,439
          7,890,456
United States 1.9%
Ameriquest Mortgage Securities, Inc., Asset-Backed
Pass-Through Certificates,
         
Series 2002-02, Class M3, 1 Month LIBOR + 2.655% (Cap N/A, Floor 2.655%) 4.914(c) 08/25/32   213 210,903
Series 2002-03, Class M3, 1 Month LIBOR + 2.850% (Cap N/A, Floor 2.850%) 5.109(c) 08/25/32   130 127,282
     
 
Chase Funding Trust,
Series 2003-04, Class 2A2, 1 Month LIBOR + 0.600% (Cap N/A, Floor 0.600%)
2.859(c) 05/25/33   496 476,601
CHEC Loan Trust,
Series 2004-01, Class A3, 144A, 1 Month LIBOR + 1.000% (Cap N/A, Floor 1.000%)
3.259(c) 07/25/34   430 412,329
Commonbond Student Loan Trust,
Series 2020-AGS, Class A, 144A
1.980 08/25/50   2,211 2,118,898
EquiFirst Mortgage Loan Trust,
Series 2004-01, Class 1A1, 1 Month LIBOR + 0.480% (Cap N/A, Floor 0.480%)
2.739(c) 01/25/34   446 415,720
Exeter Automobile Receivables Trust,
Series 2022-01A, Class E, 144A
5.020 10/15/29   5,600 5,030,743
Ford Credit Auto Owner Trust,
Series 2020-02, Class C, 144A
1.740 04/15/33   1,300 1,183,334
JPMorgan Chase Bank, NA,          
Series 2020-01, Class R, 144A 33.784 01/25/28   1,197 1,468,386
Series 2020-02, Class E, 144A 3.072 02/25/28   1,277 1,255,337
Series 2020-02, Class R, 144A 31.355 02/25/28   567 673,744
Series 2021-01, Class E, 144A 2.365 09/25/28   298 288,866
Series 2021-01, Class F, 144A 4.280 09/25/28   600 568,931
Series 2021-01, Class R, 144A 28.348 09/25/28   1,927 2,267,393
Series 2021-02, Class F, 144A 4.393 12/26/28   600 566,203
Series 2021-03, Class F, 144A 3.694 02/26/29   600 557,088
Laurel Road Prime Student Loan Trust,          
Series 2018-A, Class A, 144A 0.000 02/25/43   3,430 924,727
Series 2018-C, Class A, 144A 0.000(cc) 08/25/43   897 875,253
Series 2019-A, Class R, 144A 0.000 10/25/48   2,347 504,219
4

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Asset-Backed Securities (Continued)
United States (cont’d.)
     
 
Lending Funding Trust,
Series 2020-02A, Class A, 144A
2.320 % 04/21/31   1,100  $998,878
Lendmark Funding Trust,          
Series 2019-02A, Class A, 144A 2.780 04/20/28   2,300 2,251,714
Series 2021-01A, Class D, 144A 5.050 11/20/31   1,900 1,495,354
     
 
Long Beach Mortgage Loan Trust,
Series 2004-03, Class M1, 1 Month LIBOR + 0.855% (Cap N/A, Floor 0.855%)
3.114(c) 07/25/34   108 102,938
Mariner Finance Issuance Trust,
Series 2020-AA, Class A, 144A
2.190 08/21/34   1,800 1,744,649
MASTR Asset-Backed Securities Trust,
Series 2004-WMC02, Class M1, 1 Month LIBOR + 0.900% (Cap N/A, Floor 0.900%)
3.159(c) 04/25/34   947 906,346
Merrill Lynch Mortgage Investors Trust,
Series 2004-HE02, Class M1, 1 Month LIBOR + 1.200% (Cap N/A, Floor 1.200%)
3.459(c) 08/25/35   24 23,457
Morgan Stanley ABS Capital I, Inc. Trust,
Series 2003-NC08, Class M1, 1 Month LIBOR + 1.050% (Cap N/A, Floor 1.050%)
3.309(c) 09/25/33   76 74,279
Morgan Stanley Dean Witter Capital I, Inc. Trust,
Series 2002-AM03, Class A3, 1 Month LIBOR + 0.980% (Cap N/A, Floor 0.980%)
3.239(c) 02/25/33   115 112,127
Navient Private Education Refi Loan Trust,          
Series 2020-GA, Class B, 144A 2.500 09/16/69   2,000 1,807,138
Series 2021-A, Class B, 144A 2.240 05/15/69   1,850 1,558,818
     
 
OneMain Direct Auto Receivables Trust,
Series 2019-01A, Class B, 144A
3.950 11/14/28   1,300 1,267,163
Oportun Funding XIII LLC,          
Series 2019-A, Class B, 144A 3.870 08/08/25   4,158 4,101,825
Series 2019-A, Class D, 144A 6.220 08/08/25   3,400 3,226,328
Oportun Funding XIV LLC,          
Series 2021-A, Class C, 144A 3.440 03/08/28   1,200 1,129,812
Series 2021-A, Class D, 144A 5.400 03/08/28   500 472,864
     
 
PNMAC FMSR Issuer Trust,
Series 2018-FT01, Class A, 144A, 1 Month LIBOR + 2.350% (Cap N/A, Floor 0.000%)
4.609(c) 04/25/23   4,290 4,259,386
Santander Bank Auto Credit-Linked Notes,
Series 2022-A, Class C, 144A
7.375 05/15/32   2,447 2,422,720
Santander Bank NA,
Series 2021-01A, Class D, 144A
5.004 12/15/31   1,300 1,217,693
Santander Consumer Auto Receivables Trust,          
Series 2021-AA, Class D, 144A 1.570 01/15/27   850 785,536
5

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Asset-Backed Securities (Continued)
United States (cont’d.)
Santander Consumer Auto Receivables Trust, (cont’d.)          
Series 2021-AA, Class R, 144A 0.000 % 08/15/28   6  $576,569
SoFi Alternative Trust,          
Series 2019-B, Class PT, 144A 0.000(cc) 12/15/45   3,765 3,689,494
Series 2019-D, Class 1PT, 144A 3.045(cc) 01/16/46   3,815 3,721,059
Series 2019-F, Class PT1, 144A 3.932(cc) 02/15/45   5,077 4,894,276
     
 
SoFi Professional Loan Program LLC,
Series 2019-C, Class BFX, 144A
3.050 11/16/48   2,100 1,930,269
SoFi RR Funding II Trust,
Series 2019-01, Class A, 144A, 1 Month LIBOR + 1.250% (Cap N/A, Floor 1.250%)
3.509(c) 11/29/24   849 847,645
SoFi RR Funding III Trust,
Series 2020-01, Class A, 144A, 1 Month LIBOR + 1.250% (Cap N/A, Floor 1.250%)
3.509(c) 11/29/24   2,232 2,229,308
TH MSR Issuer Trust,
Series 2019-FT01, Class A, 144A, 1 Month LIBOR + 2.800% (Cap N/A, Floor 2.800%)
5.059(c) 06/25/24   9,330 9,098,091
          76,871,693
     
 
Total Asset-Backed Securities
(cost $435,754,249)
385,065,726
Bank Loans 1.3%
Germany 0.1%
Speedster Bidco GmbH,
Second Lien Term Loan, 3 Month EURIBOR + 6.000% (Cap N/A, Floor 0.000%)
6.000(c) 03/31/28 EUR 3,265 2,956,019
United Kingdom 1.1%
CD&R Firefly Bidco Ltd.,
Initial Term Loan, SONIA + 8.356%^
9.046(c) 06/19/26 GBP 16,075 17,618,522
Constellation Automotive Group Ltd.,
Facility B2 Loan, SONIA + 4.750%
5.940(c) 07/28/28 GBP 6,850 7,257,479
EG Group Ltd.,
Additional Second Lien Loan Facility, 3 Month EURIBOR + 7.000% (Cap N/A, Floor 0.000%)
7.000(c) 04/30/27 EUR 23,880 20,623,538
          45,499,539
6

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Bank Loans (Continued)
United States 0.1%
Ascent Resources Utica Holdings LLC,
Second Lien Term Loan, 3 Month LIBOR + 9.000%
11.455 %(c) 11/01/25   1,199  $1,263,946
Diamond Sports Group LLC,          
First Lien Term Loan, 1 Month SOFR + 8.000% 9.786(c) 05/25/26   248 234,563
Second Lien Term Loan, 1 Month SOFR + 3.250% 5.036(c) 08/24/26   2,291 460,618
          1,959,127
     
 
Total Bank Loans
(cost $66,781,281)
50,414,685
Commercial Mortgage-Backed Securities 6.5%
Canada 0.0%
Real Estate Asset Liquidity Trust,
Series 2020-01A, Class A1, 144A
2.381(cc) 02/12/55 CAD 2,081 1,531,269
Ireland 0.6%
Taurus DAC,          
Series 2021-UK1A, Class D, 144A, SONIA + 2.600% (Cap N/A, Floor 2.600%) 3.208(c) 05/17/31 GBP 546 606,180
Series 2021-UK4A, Class B, 144A, SONIA + 1.500% (Cap N/A, Floor 1.500%) 2.108(c) 08/17/31 GBP 5,068 5,823,740
Series 2021-UK4A, Class C, 144A, SONIA + 1.750% (Cap N/A, Floor 1.750%) 2.358(c) 08/17/31 GBP 8,320 9,836,975
Series 2021-UK4A, Class D, 144A, SONIA + 2.100% (Cap N/A, Floor 2.100%) 2.708(c) 08/17/31 GBP 6,923 7,696,748
          23,963,643
United States 5.9%
20 Times Square Trust,          
Series 2018-20TS, Class G, 144A 3.100(cc) 05/15/35   1,000 934,335
Series 2018-20TS, Class H, 144A 3.100(cc) 05/15/35   1,000 927,103
BANK,          
Series 2017-BNK05, Class A3 3.020 06/15/60   3,328 3,277,000
Series 2019-BN21, Class A3 2.458 10/17/52   3,691 3,633,416
     
 
Benchmark Mortgage Trust,
Series 2020-B17, Class A4
2.042 03/15/53   6,200 5,463,617
7

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Commercial Mortgage-Backed Securities (Continued)
United States (cont’d.)
BX Commercial Mortgage Trust,          
Series 2019-XL, Class F, 144A, 1 Month LIBOR + 2.000% (Cap N/A, Floor 2.000%) 3.999 %(c) 10/15/36   2,805  $2,706,192
Series 2019-XL, Class G, 144A, 1 Month LIBOR + 2.300% (Cap N/A, Floor 2.300%) 4.299(c) 10/15/36   7,416 7,121,662
Series 2019-XL, Class J, 144A, 1 Month LIBOR + 2.650% (Cap N/A, Floor 2.650%) 4.649(c) 10/15/36   22,142 21,043,954
     
 
Cantor Commercial Real Estate Lending,
Series 2019-CF02, Class A3
2.647 11/15/52   16,531 15,794,830
CF Mortgage Trust,
Series 2020-P01, Class A1, 144A
2.840(cc) 04/15/25   9,366 9,065,010
Citigroup Commercial Mortgage Trust,          
Series 2014-GC21, Class XB, IO 0.440(cc) 05/10/47   27,500 198,074
Series 2016-GC37, Class XB, IO 0.691(cc) 04/10/49   33,868 763,496
Series 2016-P04, Class XB, IO 1.315(cc) 07/10/49   9,100 421,114
Series 2017-P08, Class A2 3.109 09/15/50   2,000 1,938,494
     
 
Cold Storage Trust,
Series 2020-ICE05, Class E, 144A, 1 Month LIBOR + 2.766% (Cap N/A, Floor 2.833%)
4.765(c) 11/15/37   4,399 4,260,839
Commercial Mortgage Trust,
Series 2014-UBS04, Class XB, IO, 144A
0.216(cc) 08/10/47   50,000 200,315
Credit Suisse Mortgage Capital Certificates,
Series 2019-ICE04, Class E, 144A, 1 Month LIBOR + 2.150% (Cap N/A, Floor 2.150%)
4.149(c) 05/15/36   14,125 13,697,798
CSAIL Commercial Mortgage Trust,
Series 2018-CX11, Class A3
4.095 04/15/51   1,925 1,922,068
DBWF Mortgage Trust,
Series 2016-85T, Class E, 144A
3.808(cc) 12/10/36   3,000 2,450,602
Deutsche Bank Commercial Mortgage Trust,
Series 2016-C03, Class A3
2.362 08/10/49   1,500 1,460,342
Eleven Madison Mortgage Trust,
Series 2015-11MD, Class C, 144A
3.555(cc) 09/10/35   500 468,351
ELP Commercial Mortgage Trust,
Series 2021-ELP, Class F, 144A, 1 Month LIBOR + 2.667% (Cap N/A, Floor 2.667%)
4.667(c) 11/15/38   23,600 22,409,071
FHLMC Multifamily Structured Pass-Through
Certificates,
         
Series K025, Class X1, IO 0.752(cc) 10/25/22   14,156 10,061
Series K037, Class X1, IO 0.920(cc) 01/25/24   9,817 106,074
Series K043, Class X1, IO 0.514(cc) 12/25/24   11,671 128,386
Series K049, Class X1, IO 0.570(cc) 07/25/25   38,094 546,716
Series K052, Class X1, IO 0.640(cc) 11/25/25   11,643 204,374
8

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Commercial Mortgage-Backed Securities (Continued)
United States (cont’d.)
FHLMC Multifamily Structured Pass-Through Certificates, (cont’d.)          
Series K053, Class X1, IO 0.879 %(cc) 12/25/25   44,175  $1,093,198
Series K054, Class X1, IO 1.159(cc) 01/25/26   29,759 998,248
Series K058, Class X1, IO 0.918(cc) 08/25/26   40,095 1,250,814
Series K090, Class X1, IO 0.706(cc) 02/25/29   22,921 930,014
Series K111, Class X1, IO 1.571(cc) 05/25/30   29,328 2,868,357
Series K113, Class X1, IO 1.387(cc) 06/25/30   119,090 10,351,032
Series K114, Class X1, IO 1.117(cc) 06/25/30   75,346 5,325,577
Series K116, Class X1, IO 1.426(cc) 07/25/30   49,101 4,344,651
Series K121, Class X1, IO 1.024(cc) 10/25/30   126,856 8,307,890
Series KG03, Class X1, IO 1.381(cc) 06/25/30   101,797 8,695,439
Series Q001, Class XA, IO 2.136(cc) 02/25/32   5,914 472,363
     
 
Greystone Commercial Capital Trust,
Series 2021-03, Class A, 144A, 1 Month LIBOR + 2.230% (Cap N/A, Floor 2.230%)
4.386(c) 08/01/23   17,250 16,947,397
GS Mortgage Securities Corp. Trust,          
Series 2021-RENT, Class C, 144A, 1 Month LIBOR + 1.550% (Cap N/A, Floor 1.550%) 3.712(c) 11/21/35   7,700 7,403,332
Series 2021-RENT, Class D, 144A, 1 Month LIBOR + 1.850% (Cap N/A, Floor 1.850%) 4.012(c) 11/21/35   4,454 4,244,177
GS Mortgage Securities Trust,          
Series 2014-GC20, Class XB, IO 0.472(cc) 04/10/47   30,000 208,074
Series 2014-GC22, Class XB, IO 0.296(cc) 06/10/47   35,000 213,122
Series 2014-GC24, Class XB, IO 0.021(cc) 09/10/47   83,262 29,541
Series 2014-GC26, Class XB, IO 0.306(cc) 11/10/47   56,483 398,392
     
 
JPMBB Commercial Mortgage Securities Trust,
Series 2016-C01, Class A3
3.515 03/17/49   966 953,977
JPMCC Commercial Mortgage Securities Trust,
Series 2017-JP06, Class A3
3.109 07/15/50   2,987 2,928,358
JPMDB Commercial Mortgage Securities Trust,
Series 2020-COR07, Class A4
1.915 05/13/53   5,000 4,335,406
JPMorgan Chase Commercial Mortgage Securities Trust,
Series 2018-AON, Class E, 144A
4.613(cc) 07/05/31   5,564 4,573,679
MKT Mortgage Trust,
Series 2020-525M, Class F, 144A
2.941(cc) 02/12/40   3,775 2,633,569
Morgan Stanley Capital I Trust,          
Series 2019-MEAD, Class E, 144A 3.177(cc) 11/10/36   1,700 1,482,625
Series 2020-HR08, Class XB, IO 0.877(cc) 07/15/53   54,413 3,248,919
One New York Plaza Trust,          
Series 2020-01NYP, Class C, 144A, 1 Month LIBOR + 2.200% (Cap N/A, Floor 2.200%) 4.199(c) 01/15/36   8,475 7,988,638
9

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Commercial Mortgage-Backed Securities (Continued)
United States (cont’d.)
One New York Plaza Trust, (cont’d.)          
Series 2020-01NYP, Class D, 144A, 1 Month LIBOR + 2.750% (Cap N/A, Floor 2.750%) 4.749 %(c) 01/15/36   2,975   $2,805,865
     
 
UBS Commercial Mortgage Trust,
Series 2017-C06, Class A3
3.581 12/15/50   5,000 4,883,816
UBS-Barclays Commercial Mortgage Trust,
Series 2012-C02, Class XA, IO, 144A
0.801(cc) 05/10/63   792 35
Wells Fargo Commercial Mortgage Trust,          
Series 2016-C35, Class XB, IO 0.928(cc) 07/15/48   24,000 756,298
Series 2016-LC24, Class XB, IO 0.981(cc) 10/15/49   20,910 740,105
Series 2021-FCMT, Class B, 144A, 1 Month LIBOR + 1.850% (Cap N/A, Floor 1.850%) 3.849(c) 05/15/31   1,800 1,716,655
Series 2021-FCMT, Class C, 144A, 1 Month LIBOR + 2.400% (Cap N/A, Floor 2.400%) 4.399(c) 05/15/31   1,700 1,612,748
Series 2021-FCMT, Class D, 144A, 1 Month LIBOR + 3.500% (Cap N/A, Floor 3.500%) 5.499(c) 05/15/31   2,200 2,074,582
          237,970,187
     
 
Total Commercial Mortgage-Backed Securities
(cost $281,397,957)
263,465,099
Corporate Bonds 44.8%
Australia 0.1%
Australia & New Zealand Banking Group Ltd.,
Sr. Unsec’d. Notes, EMTN
3.700 03/18/24 CNH 2,000 296,238
Westpac Banking Corp.,
Sr. Unsec’d. Notes, EMTN
4.420 08/14/23 CNH 21,000 3,162,659
          3,458,897
Belgium 0.3%
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc.,
Gtd. Notes
4.900 02/01/46   7,380 7,424,457
Anheuser-Busch InBev Worldwide, Inc.,
Gtd. Notes
5.550 01/23/49   3,800 4,162,190
          11,586,647
10

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Brazil 0.8%
Petrobras Global Finance BV,          
Gtd. Notes(a) 5.375 % 10/01/29 GBP 10,321  $11,337,946
Gtd. Notes 6.625 01/16/34 GBP 8,080 9,112,907
Gtd. Notes, EMTN 6.250 12/14/26 GBP 7,944 9,582,298
     
 
Suzano Austria GmbH,
Gtd. Notes
6.000 01/15/29   200 203,062
Swiss Insured Brazil Power Finance Sarl,
Sr. Sec’d. Notes
9.850 07/16/32 BRL 19,385 3,402,340
          33,638,553
Bulgaria 0.3%
Bulgarian Energy Holding EAD,
Sr. Unsec’d. Notes
2.450 07/22/28 EUR 14,580 11,916,721
Canada 1.0%
Barrick Gold Corp.,
Sr. Unsec’d. Notes
5.250 04/01/42   35 35,479
Barrick North America Finance LLC,
Gtd. Notes
5.700 05/30/41   45 47,944
Barrick PD Australia Finance Pty Ltd.,
Gtd. Notes
5.950 10/15/39   50 54,356
Bombardier, Inc.,          
Sr. Unsec’d. Notes, 144A 7.125 06/15/26   3,900 3,620,760
Sr. Unsec’d. Notes, 144A 7.500 12/01/24   3,242 3,177,160
Sr. Unsec’d. Notes, 144A 7.875 04/15/27   2,535 2,335,369
Brookfield Residential Properties, Inc./Brookfield
Residential US LLC,
         
Gtd. Notes, 144A 4.875 02/15/30   2,320 1,774,800
Gtd. Notes, 144A 6.250 09/15/27   2,175 1,954,129
Sr. Unsec’d. Notes, 144A 5.000 06/15/29   1,675 1,323,250
Cenovus Energy, Inc.,          
Sr. Unsec’d. Notes 2.650 01/15/32   1,340 1,152,221
Sr. Unsec’d. Notes 3.750 02/15/52   955 768,497
Sr. Unsec’d. Notes 4.250 04/15/27   3,500 3,491,989
     
 
Hydro-Quebec,
Local Gov’t. Gtd. Notes, Series HQ
9.500 11/15/30   800 1,150,827
MEG Energy Corp.,
Gtd. Notes, 144A
7.125 02/01/27   1,225 1,266,699
Methanex Corp.,
Sr. Unsec’d. Notes(a)
4.250 12/01/24   1,500 1,456,875
11

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Canada (cont’d.)
     
Ontario Electricity Financial Corp.,
Local Gov’t. Gtd. Notes, Series 40
1.848 %(s) 04/11/31 CAD 10,000  $5,787,506
Ontario Teachers’ Cadillac Fairview Properties Trust,
Sr. Unsec’d. Notes, 144A
2.500 10/15/31   1,775 1,557,174
Rogers Communications, Inc.,
Gtd. Notes
3.250 05/01/29 CAD 700 507,863
Teck Resources Ltd.,          
Sr. Unsec’d. Notes 5.400 02/01/43   1,403 1,298,547
Sr. Unsec’d. Notes 6.000 08/15/40   4,142 4,111,249
     
 
Toronto-Dominion Bank (The),
Sr. Unsec’d. Notes
2.050 07/10/24 AUD 2,470 1,663,229
          38,535,923
China 1.0%
Agricultural Development Bank of China,          
Sr. Unsec’d. Notes 3.400 11/06/24 CNH 72,790 10,933,918
Sr. Unsec’d. Notes 3.800 10/27/30 CNH 55,000 8,467,755
Aircraft Finance Co. Ltd.,          
Sr. Sec’d. Notes, Series B 4.100 03/29/26   1,997 1,994,984
Sr. Sec’d. Notes, Series C 3.955 03/29/23   4,129 4,115,597
China Development Bank,          
Sr. Unsec’d. Notes 4.300 08/02/32 CNH 25,000 4,016,278
Sr. Unsec’d. Notes, EMTN 4.350 08/06/24 CNH 4,700 717,795
Sr. Unsec’d. Notes, EMTN 4.350 09/19/24 CNH 8,990 1,375,358
Unsec’d. Notes 4.200 01/19/27 CNH 16,000 2,498,018
NXP BV/NXP Funding LLC/NXP USA, Inc.,          
Gtd. Notes 3.150 05/01/27   575 545,100
Gtd. Notes 3.400 05/01/30   725 661,925
     
 
State Grid Overseas Investment BVI Ltd.,
Gtd. Notes, EMTN
0.797 08/05/26 EUR 3,830 3,633,834
          38,960,562
Denmark 0.1%
Danske Bank A/S,          
Sr. Unsec’d. Notes, 144A 1.621(ff) 09/11/26   4,645 4,186,353
Sr. Unsec’d. Notes, 144A 3.244(ff) 12/20/25   1,095 1,049,277
          5,235,630
12

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
France 2.9%
Altice France SA,
Sr. Sec’d. Notes
3.375 % 01/15/28 EUR 8,475  $7,190,642
Banque Federative du Credit Mutuel SA,          
Sr. Unsec’d. Notes, Series 19 0.999 10/15/25 JPY 200,000 1,523,528
Sr. Unsec’d. Notes, Series 21 0.300 10/13/23 JPY 300,000 2,248,735
BNP Paribas SA,          
Sr. Unsec’d. Notes, 144A 1.323(ff) 01/13/27   3,400 3,039,171
Sr. Unsec’d. Notes, 144A 2.159(ff) 09/15/29   16,935 14,322,153
Sr. Unsec’d. Notes, 144A 2.591(ff) 01/20/28   9,230 8,354,633
Sr. Unsec’d. Notes, 144A 2.871(ff) 04/19/32   5,220 4,412,141
Sr. Unsec’d. Notes, EMTN 6.420 09/11/23 MXN 250 11,746
Sub. Notes, EMTN 4.625 03/09/27 AUD 370 252,298
BPCE SA,          
Sr. Unsec’d. Notes, EMTN 0.562 06/24/24 JPY 100,000 746,194
Sr. Unsec’d. Notes, Series 03 0.989 07/12/28 JPY 300,000 2,192,643
Sr. Unsec’d. Notes, Series 05 0.530(ff) 12/10/26 JPY 500,000 3,672,197
Sub. Notes, Series 01 2.047 01/30/25 JPY 100,000 761,061
     
 
Credit Agricole Assurances SA,
Sub. Notes
4.250(ff) 01/13/25(oo) EUR 2,000 2,085,007
Credit Agricole Corporate & Investment Bank SA,
Sr. Unsec’d. Notes, EMTN
2.670 02/20/24 NZD 1,400 858,008
Credit Agricole SA,          
Sr. Unsec’d. Notes, 144A 1.247(ff) 01/26/27   2,545 2,272,225
Sr. Unsec’d. Notes, EMTN 4.400 07/06/27 AUD 1,200 815,645
Sr. Unsec’d. Notes, Series 04 0.959 06/08/28 JPY 400,000 2,952,951
Sr. Unsec’d. Notes, Series 07 1.248(ff) 06/04/26 JPY 600,000 4,533,539
Sub. Notes, EMTN 4.200(ff) 05/29/34 AUD 400 257,161
     
 
Iliad Holding SASU,
Sr. Sec’d. Notes, 144A(a)
5.125 10/15/26 EUR 6,850 6,756,006
Loxam SAS,          
Sr. Sec’d. Notes 2.875 04/15/26 EUR 5,200 4,767,191
Sr. Sub. Notes(a) 4.500 04/15/27 EUR 3,800 3,169,652
Sr. Sub. Notes 5.750 07/15/27 EUR 4,800 4,144,243
Sr. Sub. Notes, 144A 4.500 04/15/27 EUR 900 746,023
     
 
SNCF Reseau,
Sr. Unsec’d. Notes, Series MPLE
4.700 06/01/35 CAD 6,400 5,318,570
Societe Generale SA,          
Sr. Unsec’d. Notes, 144A 2.889(ff) 06/09/32   1,685 1,360,929
Sr. Unsec’d. Notes, 144A(a) 3.337(ff) 01/21/33   4,915 4,120,536
Sr. Unsec’d. Notes, 144A, MTN 2.625 01/22/25   20,885 19,952,856
Sr. Unsec’d. Notes, 144A, MTN 3.875 03/28/24   3,130 3,109,758
Sub. Notes, EMTN 4.875 10/13/26 AUD 2,364 1,625,402
13

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
France (cont’d.)
Societe Generale SA, (cont’d.)          
Sub. Notes, EMTN 5.000 % 05/19/27 AUD 220  $151,651
Sub. Notes, EMTN 5.000(ff) 07/20/28 AUD 1,006 697,181
          118,421,676
Germany 0.7%
Deutsche Bahn Finance GMBH,          
Gtd. Notes, MTN 1.987 07/08/30 AUD 1,000 571,406
Gtd. Notes, MTN 3.800 09/27/27 AUD 900 614,499
Deutsche Bank AG,          
Sr. Unsec’d. Notes 2.129(ff) 11/24/26   3,760 3,362,638
Sub. Notes, EMTN 3.662(ff) 04/10/25 CNH 89,000 12,938,576
Unsec’d. Notes 4.550(s) 11/07/22   1,814 1,792,989
     
 
Kreditanstalt fuer Wiederaufbau,
Gov’t. Gtd. Notes
4.700 06/02/37 CAD 424 364,384
Mercedes-Benz International Finance BV,
Gtd. Notes, EMTN
3.450 09/27/22 CNH 1,000 148,192
TK Elevator Midco GmbH,          
Sr. Sec’d. Notes 4.375 07/15/27 EUR 2,400 2,245,326
Sr. Sec’d. Notes, 3 Month EURIBOR + 4.750% (Cap N/A, Floor 4.750%) 4.750(c) 07/15/27 EUR 2,000 1,964,647
Sr. Sec’d. Notes, 144A 4.375 07/15/27 EUR 4,300 4,022,761
     
 
Volkswagen International Finance NV,
Gtd. Notes
2.700(ff) 12/14/22(oo) EUR 1,000 1,011,666
          29,037,084
Hong Kong 0.3%
HKT Capital No. 3 Ltd.,
Gtd. Notes
1.650 04/10/27 EUR 9,200 8,563,254
Sun Hung Kai Properties Capital Market Ltd.,          
Gtd. Notes, EMTN 3.160 01/25/28 CNH 4,000 567,100
Gtd. Notes, EMTN 3.200 08/14/27 CNH 3,000 427,213
Gtd. Notes, EMTN 3.380 01/18/29 HKD 1,000 123,987
     
 
Swire Pacific MTN Financing Ltd.,
Gtd. Notes, EMTN
3.900 11/05/30 HKD 5,000 630,451
          10,312,005
Hungary 0.1%
MFB Magyar Fejlesztesi Bank Zrt,
Gov’t. Gtd. Notes
1.375 06/24/25 EUR 4,270 4,135,854
14

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Iceland 0.1%
Landsvirkjun,
Gov’t. Gtd. Notes, EMTN, 3 Month EURIBOR + 0.090%
0.235 %(c) 07/24/26 EUR 5,000  $5,037,224
India 0.4%
NTPC Ltd.,
Sr. Unsec’d. Notes, EMTN
2.750 02/01/27 EUR 13,640 12,902,175
Power Finance Corp. Ltd.,
Sr. Unsec’d. Notes, GMTN
1.841 09/21/28 EUR 3,100 2,625,378
          15,527,553
Indonesia 0.3%
Freeport Indonesia PT,          
Sr. Unsec’d. Notes, 144A, MTN 4.763 04/14/27   600 582,750
Sr. Unsec’d. Notes, 144A, MTN 5.315 04/14/32   1,890 1,760,062
     
 
Pertamina Persero PT,
Sr. Unsec’d. Notes, 144A, MTN
4.300 05/20/23   500 500,300
Perusahaan Listrik Negara PT,
Sr. Unsec’d. Notes, 144A
1.875 11/05/31 EUR 6,900 5,413,844
Perusahaan Perseroan Persero PT Perusahaan
Listrik Negara,
         
Sr. Unsec’d. Notes 2.875 10/25/25 EUR 2,400 2,412,753
Sr. Unsec’d. Notes, 144A 2.875 10/25/25 EUR 900 904,783
          11,574,492
Israel 0.5%
Energean Israel Finance Ltd.,
Sr. Sec’d. Notes, 144A
4.500 03/30/24   654 622,935
Israel Electric Corp. Ltd.,          
Sr. Sec’d. Notes 7.875 12/15/26   5,500 6,146,250
Sr. Sec’d. Notes, 144A, GMTN(a) 4.250 08/14/28   1,550 1,532,853
Sr. Sec’d. Notes, EMTN 3.700 05/23/30 JPY 200,000 1,668,812
Sr. Sec’d. Notes, EMTN 7.750 12/15/27   9,750 11,061,984
          21,032,834
Italy 0.3%
Assicurazioni Generali SpA,
Sub. Notes, EMTN
5.500(ff) 10/27/47 EUR 2,075 2,225,520
Intesa Sanpaolo SpA,
Sub. Notes, 144A
4.198(ff) 06/01/32   1,430 1,094,865
15

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Italy (cont’d.)
Rossini Sarl,
Sr. Sec’d. Notes, 144A
6.750 % 10/30/25 EUR 1,980  $2,032,774
UniCredit SpA,
Sr. Unsec’d. Notes, 144A
1.982(ff) 06/03/27   8,485 7,329,427
          12,682,586
Jamaica 0.2%
Digicel International Finance Ltd./Digicel
International Holdings Ltd.,
         
Gtd. Notes, 144A 8.000 12/31/26   1,100 759,000
Gtd. Notes, 144A, Cash coupon 6.000% and PIK 7.000% 13.000 12/31/25   1,109 928,083
Sr. Sec’d. Notes, 144A 8.750 05/25/24   750 704,203
Sr. Sec’d. Notes, 144A 8.750 05/25/24   7,250 6,782,375
          9,173,661
Japan 0.3%
Central Nippon Expressway Co. Ltd.,
Sr. Unsec’d. Notes, EMTN
1.873 09/26/24 AUD 3,000 2,005,297
East Japan Railway Co.,
Sr. Unsec’d. Notes, EMTN
5.250 04/22/33 GBP 1,500 2,149,161
Mizuho Bank Ltd.,
Certificate of Deposit
1.700 08/07/24 AUD 600 400,957
Mizuho Financial Group, Inc.,
Sr. Unsec’d. Notes
3.752 07/19/23 AUD 1,042 726,225
Nomura Holdings, Inc.,          
Sr. Unsec’d. Notes 2.608 07/14/31   2,070 1,702,084
Sr. Unsec’d. Notes(a) 2.999 01/22/32   7,475 6,296,618
          13,280,342
Kazakhstan 0.3%
Kazakhstan Temir Zholy Finance BV,
Gtd. Notes(a)
6.950 07/10/42   1,800 1,523,358
Kazakhstan Temir Zholy National Co. JSC,
Gtd. Notes
3.250 12/05/23 CHF 8,500 8,254,649
          9,778,007
16

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Luxembourg 0.2%
ARD Finance SA,          
Sr. Sec’d. Notes, Cash coupon 5.000% or PIK 5.750% 5.000 % 06/30/27 EUR 4,625  $3,521,045
Sr. Sec’d. Notes, 144A, Cash coupon 5.000% or PIK 5.750% 5.000 06/30/27 EUR 7,342 5,588,960
     
 
Codere New Holdco SA,
Sr. Sec’d. Notes, 144A, Cash coupon N/A or PIK 7.500%
7.500 11/30/27(d) EUR 441 366,267
          9,476,272
Malta 0.1%
Freeport Terminal Malta PLC,
Gov’t. Gtd. Notes, 144A
7.250 05/15/28   3,000 3,566,232
Mexico 1.1%
Comision Federal de Electricidad,
Sr. Unsec’d. Notes
5.000 09/29/36   11,850 10,191,000
Petroleos Mexicanos,          
Gtd. Notes 3.625 11/24/25 EUR 8,175 7,474,301
Gtd. Notes(a) 6.500 01/23/29   500 425,055
Gtd. Notes 9.500 09/15/27   2,000 2,076,250
Gtd. Notes, EMTN 3.750 11/16/25 GBP 290 305,662
Gtd. Notes, EMTN(a) 3.750 04/16/26 EUR 5,457 4,824,388
Gtd. Notes, EMTN 4.875 02/21/28 EUR 22,200 18,805,066
U.S. Gov’t. Gtd. Notes, 3 Month LIBOR + 0.430% 1.841(c) 02/15/24   1,313 1,312,177
          45,413,899
Netherlands 0.9%
ABN AMRO Bank NV,
Sub. Notes, 144A
4.750 07/28/25   500 498,050
BNG Bank NV,          
Sr. Unsec’d. Notes, EMTN 0.500 08/15/22 ZAR 30,000 1,799,820
Sr. Unsec’d. Notes, Series MPLE, MTN 1.765(s) 04/05/28 CAD 2,600 1,676,973
Cooperatieve Rabobank UA,          
Sr. Unsec’d. Notes, EMTN 2.750 03/04/24 NZD 376 231,478
Sr. Unsec’d. Notes, GMTN 9.298(s) 03/11/39 MXN 22,000 209,953
Sr. Unsec’d. Notes, GMTN 3.500 12/14/26 AUD 2,882 1,890,156
Sub. Notes, Series 01 1.429 12/19/24 JPY 300,000 2,272,643
     
 
OCI NV,
Sr. Sec’d. Notes, 144A
3.625 10/15/25 EUR 8,370 8,461,876
17

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Netherlands (cont’d.)
United Group BV,          
Sr. Sec’d. Notes 4.875 % 07/01/24 EUR 300  $293,408
Sr. Sec’d. Notes, 144A 3.125 02/15/26 EUR 3,800 3,249,604
Sr. Sec’d. Notes, 144A 5.250 02/01/30 EUR 11,575 9,235,765
     
 
WP/AP Telecom Holdings IV BV,
Sr. Sec’d. Notes, 144A
3.750 01/15/29 EUR 2,300 2,090,181
Ziggo Bond Co. BV,
Gtd. Notes, 144A
3.375 02/28/30 EUR 6,000 4,763,089
          36,672,996
Norway 0.1%
Equinor ASA,
Gtd. Notes
6.800 01/15/28   2,265 2,561,878
Peru 0.0%
Lima Metro Line 2 Finance Ltd.,
Sr. Sec’d. Notes
5.875 07/05/34   96 93,612
Peru Enhanced Pass-Through Finance Ltd.,
Pass-Through Certificates
2.077(s) 06/02/25   747 699,194
          792,806
Philippines 0.1%
Bangko Sentral ng Pilipinas International Bond,
Sr. Unsec’d. Notes, Series A
8.600 06/15/27   3,560 4,200,800
Poland 0.2%
Bank Gospodarstwa Krajowego,          
Gov’t. Gtd. Notes 1.375 06/01/25 EUR 500 496,269
Gov’t. Gtd. Notes 1.625 04/30/28 EUR 600 563,712
Gov’t. Gtd. Notes, EMTN 1.750 05/06/26 EUR 4,700 4,660,426
          5,720,407
Portugal 0.8%
CP - Comboios de Portugal EPE,
Sr. Unsec’d. Notes
5.700 03/05/30 EUR 26,900 33,951,936
18

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Qatar 0.1%
QNB Finance Ltd.,          
Gtd. Notes, EMTN 3.500 % 03/09/26 CNH 7,400  $1,068,062
Gtd. Notes, MTN 4.900 02/01/28 AUD 970 687,609
          1,755,671
Russia 0.6%
Gazprom PJSC Via Gaz Capital SA,          
Sr. Unsec’d. Notes 1.450 03/06/23 CHF 11,325 7,376,687
Sr. Unsec’d. Notes 2.250 11/22/24 EUR 1,570 657,894
Sr. Unsec’d. Notes 2.500 03/21/26 EUR 3,500 1,430,870
Sr. Unsec’d. Notes 4.250 04/06/24 GBP 15,927 7,758,360
Sr. Unsec’d. Notes, EMTN 4.364 03/21/25 EUR 4,000 1,635,280
Gazprom PJSC via Gaz Finance PLC,          
Sr. Unsec’d. Notes 3.000 06/29/27   1,410 592,200
Sr. Unsec’d. Notes, EMTN 1.540 06/30/27 CHF 6,000 2,458,370
Russian Railways Via RZD Capital PLC,          
Sr. Unsec’d. Notes 0.898 10/03/25(d) CHF 9,450 496,402
Sr. Unsec’d. Notes 2.200 05/23/27(d) EUR 621 31,735
Sr. Unsec’d. Notes 7.487 03/25/31(d) GBP 8,121 1,087,873
          23,525,671
Singapore 0.0%
BOC Aviation USA Corp.,
Gtd. Notes, 144A, MTN(h)
1.625 04/29/24   1,670 1,597,004
South Africa 0.3%
Eskom Holdings SOC Ltd.,          
Gov’t. Gtd. Notes, 144A, MTN 6.350 08/10/28   1,350 1,283,766
Gov’t. Gtd. Notes, MTN 6.350 08/10/28   12,000 11,411,250
     
 
Sasol Financing International Ltd.,
Gtd. Notes
4.500 11/14/22   800 796,000
          13,491,016
South Korea 0.5%
Korea Development Bank (The),          
Sr. Unsec’d. Notes, EMTN 1.830 08/10/27 SEK 74,000 6,936,288
Sr. Unsec’d. Notes, EMTN 6.000 01/22/25 IDR 15,000,000 997,438
Korea Expressway Corp.,          
Sr. Unsec’d. Notes, EMTN 3.100 06/08/26   600 598,493
Sr. Unsec’d. Notes, GMTN 2.310 04/28/32 SEK 80,000 7,388,090
19

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
South Korea (cont’d.)
Korea Expressway Corp., (cont’d.)          
Sr. Unsec’d. Notes, GMTN 3.030 % 05/11/32 CAD 7,500   $5,570,547
     
 
Korea Hydro & Nuclear Power Co. Ltd.,
Sr. Unsec’d. Notes, EMTN
3.350 03/13/28 HKD 2,000 246,289
          21,737,145
Spain 0.6%
Banco Santander SA,          
Sr. Unsec’d. Notes 3.306 06/27/29   1,600 1,484,182
Sub. Notes 2.749 12/03/30   600 478,746
     
 
Cellnex Finance Co. SA,
Gtd. Notes, EMTN
2.000 02/15/33 EUR 11,900 9,355,321
Codere Finance 2 Luxembourg SA,          
Sr. Sec’d. Notes, 144A, Cash coupon 8.000% and PIK 3.000% 11.000 09/30/26(d) EUR 1,109 1,156,096
Sr. Sec’d. Notes, 144A, Cash coupon 2.000% and PIK 11.625% 13.625 11/30/27(d)   428 385,256
     
 
Lorca Telecom Bondco SA,
Sr. Sec’d. Notes, 144A
4.000 09/18/27 EUR 10,300 9,553,357
          22,412,958
Supranational Bank 1.3%
African Development Bank,          
Sr. Unsec’d. Notes, EMTN 0.500 03/13/23 MXN 20,000 922,436
Sr. Unsec’d. Notes, EMTN 0.500 09/07/32 MXN 64,600 1,380,159
     
 
African Export-Import Bank (The),
Sr. Unsec’d. Notes
3.798 05/17/31   300 242,250
Asian Infrastructure Investment Bank (The),
Sr. Unsec’d. Notes, EMTN
0.375 09/09/25 THB 72,000 1,916,675
European Bank for Reconstruction & Development,          
Sr. Unsec’d. Notes, GMTN 7.264(s) 08/24/31 RUB 300,000 1,008,096
Sr. Unsec’d. Notes, GMTN 6.450 12/13/22 IDR 60,560,000 4,097,727
Unsec’d. Notes, GMTN 1.250 07/10/23 PEN 4,500 1,095,410
European Investment Bank,          
Sr. Unsec’d. Notes, 144A, EMTN 4.600 01/30/37 CAD 2,601 2,220,310
Sr. Unsec’d. Notes, 144A, EMTN 5.400 01/05/45 CAD 4,200 4,056,343
Sr. Unsec’d. Notes, 144A, MTN 2.047(s) 05/28/37 CAD 20,500 9,124,644
Sr. Unsec’d. Notes, EMTN 2.106(s) 05/28/37 CAD 9,350 4,143,211
Sr. Unsec’d. Notes, EMTN 1.000 02/25/28 PLN 3,985 641,726
Sr. Unsec’d. Notes, EMTN 1.250 11/12/29 SEK 10,000 909,213
20

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Supranational Bank (cont’d.)
European Investment Bank, (cont’d.)          
Sr. Unsec’d. Notes, EMTN 1.500 % 11/21/26   500  $456,260
Sr. Unsec’d. Notes, EMTN 4.600 01/30/37 CAD 1,150 981,683
Sr. Unsec’d. Notes, EMTN 6.270 08/28/24 IDR 10,000,000 679,184
Inter-American Development Bank,          
Sr. Unsec’d. Notes, EMTN 7.875 03/14/23 IDR 137,000,000 9,350,775
Sr. Unsec’d. Notes, GMTN 7.500 12/05/24 MXN 600 28,339
International Bank for Reconstruction &
Development,
         
Notes, MTN 0.887(s) 03/01/26   1,350 1,197,203
Sr. Unsec’d. Notes, EMTN 1.928(s) 04/23/32 AUD 8,758 4,103,075
Sr. Unsec’d. Notes, EMTN, 3 Month LIBOR + 0.000% (Cap 1.820%, Floor 0.000%) 0.127(c) 08/11/26   72 66,186
Sr. Unsec’d. Notes, EMTN 6.630 07/24/28 MXN 33,700 1,465,439
Sr. Unsec’d. Notes, MTN, 3 Month LIBOR + 0.000% (Cap 2.330%, Floor 0.000%) 1.598(c) 05/31/26   4 3,762
Sr. Unsec’d. Notes, MTN 2.700 12/28/37   300 257,837
International Finance Corp.,          
Sr. Unsec’d. Notes, GMTN 8.215(s) 01/27/37 MXN 78,000 1,119,484
Sr. Unsec’d. Notes, GMTN 7.020 04/06/28 MXN 44,300 2,006,073
     
 
North American Development Bank,
Sr. Unsec’d. Notes
2.400 10/26/22   198 197,149
          53,670,649
Switzerland 0.7%
Credit Suisse Group AG,          
Sr. Unsec’d. Notes, 144A 1.305(ff) 02/02/27   6,440 5,557,766
Sr. Unsec’d. Notes, 144A 2.593(ff) 09/11/25   1,390 1,303,695
Sr. Unsec’d. Notes, 144A 3.869(ff) 01/12/29   900 813,836
Sr. Unsec’d. Notes, 144A 4.207(ff) 06/12/24   2,850 2,822,531
Sr. Unsec’d. Notes, 144A 4.282 01/09/28   2,075 1,930,489
Sr. Unsec’d. Notes, EMTN 3.500(ff) 03/08/24 AUD 750 520,750
     
 
UBS AG,
Sr. Unsec’d. Notes
1.200 07/30/25 AUD 1,855 1,194,427
UBS Group AG,          
Sr. Unsec’d. Notes, 144A 1.494(ff) 08/10/27   13,125 11,625,198
Sr. Unsec’d. Notes, 144A 4.125 09/24/25   2,500 2,505,793
          28,274,485
21

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Ukraine 0.0%
NAK Naftogaz Ukraine via Kondor Finance PLC,
Sr. Unsec’d. Notes
7.125 % 07/19/24 EUR 1,100  $220,635
United Arab Emirates 0.8%
ADCB Finance Cayman Ltd.,
Gtd. Notes, MTN
4.500 10/25/27 AUD 2,370 1,659,334
DP World PLC,          
Sr. Unsec’d. Notes 2.375 09/25/26 EUR 3,212 3,166,490
Sr. Unsec’d. Notes 4.250 09/25/30 GBP 6,825 8,228,370
Sr. Unsec’d. Notes, 144A 4.250 09/25/30 GBP 1,840 2,216,643
Emirates NBD Bank PJSC,          
Sr. Unsec’d. Notes 3.050 02/26/30 AUD 600 375,562
Sr. Unsec’d. Notes, MTN 4.750 02/09/28 AUD 7,730 5,508,295
Sr. Unsec’d. Notes, MTN 4.850 10/12/27 AUD 4,090 2,906,442
     
 
Emirates Telecommunications Group Co. PJSC,
Sr. Unsec’d. Notes, GMTN
2.750 06/18/26 EUR 4,000 4,117,073
First Abu Dhabi Bank PJSC,          
Sr. Unsec’d. Notes, EMTN 0.875 12/09/25 GBP 1,983 2,206,613
Sr. Unsec’d. Notes, EMTN 3.500 07/02/25 CNH 2,170 317,686
          30,702,508
United Kingdom 3.6%
Barclays Bank PLC,
Sr. Unsec’d. Notes, EMTN
2.100 11/13/25 CNH 18,000 2,487,244
Barclays PLC,          
Sr. Unsec’d. Notes, MTN 3.250 06/26/24 AUD 1,750 1,203,620
Sr. Unsec’d. Notes, MTN 4.000 06/26/29 AUD 2,000 1,260,280
Sr. Unsec’d. Notes, MTN 4.327 06/15/23 AUD 1,750 1,228,839
Sr. Unsec’d. Notes, MTN 5.244 06/15/28 AUD 1,000 694,988
Sr. Unsec’d. Notes, Series 01 1.232(ff) 09/25/24 JPY 100,000 754,683
Sub. Notes(a) 4.836 05/09/28   3,780 3,665,239
     
 
Bellis Acquisition Co. PLC,
Sr. Sec’d. Notes, 144A
3.250 02/16/26 GBP 21,100 20,847,693
Bellis Finco PLC,
Sr. Unsec’d. Notes, 144A
4.000 02/16/27 GBP 6,700 5,596,058
BP Capital Markets PLC,
Gtd. Notes
4.375(ff) 06/22/25(oo)   14,500 14,307,334
Constellation Automotive Financing PLC,
Sr. Sec’d. Notes(a)
4.875 07/15/27 GBP 2,000 1,948,641
Co-operative Group Holdings 2011 Ltd.,
Gtd. Notes(a)
7.500 07/08/26 GBP 7,495 8,093,367
22

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
United Kingdom (cont’d.)
     
Co-operative Group Ltd.,
Sr. Unsec’d. Notes
5.125 % 05/17/24 GBP 3,400  $3,807,871
CPUK Finance Ltd.,
Sec’d. Notes, 144A
4.875 02/28/47 GBP 110 124,623
eG Global Finance PLC,
Sr. Sec’d. Notes
6.250 10/30/25 EUR 10,653 10,076,360
HSBC Bank PLC,          
Sr. Unsec’d. Notes, 144A, EMTN 3.120 04/04/26 CNH 36,800 5,314,889
Sr. Unsec’d. Notes, EMTN, 3 Month LIBOR + 0.000% 0.132(c) 09/28/24   11,320 10,810,600
HSBC Holdings PLC,          
Sr. Unsec’d. Notes 2.206(ff) 08/17/29   4,300 3,660,820
Sr. Unsec’d. Notes 3.973(ff) 05/22/30   2,400 2,252,819
Sr. Unsec’d. Notes, EMTN 3.350(ff) 02/16/24 AUD 1,870 1,302,078
Sr. Unsec’d. Notes, Series 02 0.842 09/26/23 JPY 700,000 5,246,063
Sr. Unsec’d. Notes, Series 04 0.575(ff) 09/13/24 JPY 100,000 745,454
     
 
Kane Bidco Ltd.,
Sr. Sec’d. Notes, 144A
6.500 02/15/27 GBP 8,325 8,944,810
Ladbrokes Group Finance PLC,
Sr. Sec’d. Notes
5.125 09/08/23 GBP 1,210 1,459,643
Lloyds Bank PLC,
Sr. Unsec’d. Notes, EMTN
0.000 04/02/32   1,200 796,896
Lloyds Banking Group PLC,          
Sr. Unsec’d. Notes, MTN 4.250 11/22/27 AUD 160 106,761
Sub. Notes 4.582 12/10/25   2,250 2,221,035
     
 
Market Bidco Finco PLC,
Sr. Sec’d. Notes, 144A
5.500 11/04/27 GBP 9,800 9,965,257
Pinewood Finance Co. Ltd.,
Sr. Sec’d. Notes, 144A
3.250 09/30/25 GBP 1,700 1,873,585
Tesco Corporate Treasury Services PLC,
Gtd. Notes, EMTN(a)
2.500 07/01/24 EUR 750 774,190
Virgin Media Secured Finance PLC,          
Sr. Sec’d. Notes 5.000 04/15/27 GBP 2,800 3,219,275
Sr. Sec’d. Notes, 144A 5.000 04/15/27 GBP 5,900 6,783,473
     
 
William Hill Ltd.,
Gtd. Notes, MTN
4.750 05/01/26 GBP 3,315 4,038,279
          145,612,767
United States 22.8%
Adient Global Holdings Ltd.,
Gtd. Notes, 144A
3.500 08/15/24 EUR 1,234 1,202,737
23

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
United States (cont’d.)
Aflac, Inc.,          
Sr. Unsec’d. Notes 0.500 % 12/17/29 JPY 100,000  $711,459
Sr. Unsec’d. Notes 0.830 03/12/35 JPY 100,000 707,651
Sr. Unsec’d. Notes 0.932 01/25/27 JPY 80,000 608,420
Sr. Unsec’d. Notes 1.159 10/18/30 JPY 600,000 4,581,662
Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s
LP/Albertson’s LLC,
         
Gtd. Notes, 144A 3.500 02/15/23   5,000 4,996,615
Gtd. Notes, 144A(a) 3.500 03/15/29   2,975 2,583,376
     
 
Altria Group, Inc.,
Gtd. Notes
3.125 06/15/31 EUR 2,900 2,765,637
AMC Entertainment Holdings, Inc.,
Sec’d. Notes, 144A, Cash coupon 10.000% or PIK 12.000% or Cash coupon 5.000% and PIK 6.000%
10.000 06/15/26   903 715,417
American International Group, Inc.,
Sr. Unsec’d. Notes
1.875 06/21/27 EUR 2,100 2,094,003
AmeriGas Partners LP/AmeriGas Finance Corp.,          
Sr. Unsec’d. Notes 5.500 05/20/25   3,375 3,395,556
Sr. Unsec’d. Notes 5.625 05/20/24   3,050 3,090,578
     
 
Antero Midstream Partners LP/Antero Midstream Finance Corp.,
Gtd. Notes, 144A
7.875 05/15/26   3,550 3,713,596
Antero Resources Corp.,
Gtd. Notes, 144A
8.375 07/15/26   1,170 1,259,809
Ascent Resources Utica Holdings LLC/ARU Finance
Corp.,
         
Gtd. Notes, 144A 7.000 11/01/26   575 556,490
Gtd. Notes, 144A 9.000 11/01/27   629 763,524
Sr. Unsec’d. Notes, 144A 8.250 12/31/28   1,825 1,781,416
     
 
Ashton Woods USA LLC/Ashton Woods Finance Co.,
Sr. Unsec’d. Notes, 144A
6.625 01/15/28   6,582 5,767,411
AT&T, Inc.,          
Sr. Unsec’d. Notes 2.550 12/01/33   97 82,128
Sr. Unsec’d. Notes 3.500 09/15/53   1,511 1,192,552
Sr. Unsec’d. Notes 4.100 01/19/26 AUD 2,280 1,585,071
Sr. Unsec’d. Notes, EMTN 7.000 04/30/40 GBP 1,550 2,477,936
Sr. Unsec’d. Notes, Series MPLE 4.850 05/25/47 CAD 150 106,558
Sr. Unsec’d. Notes, Series MPLE 5.100 11/25/48 CAD 4,575 3,372,837
Bank of America Corp.,          
Jr. Sub. Notes, Series MM 4.300(ff) 01/28/25(oo)   24,396 21,265,662
Sr. Unsec’d. Notes 2.572(ff) 10/20/32   8,150 6,980,280
24

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
United States (cont’d.)
Bank of America Corp., (cont’d.)          
Sr. Unsec’d. Notes 2.687 %(ff) 04/22/32   18,820  $16,365,098
Sr. Unsec’d. Notes 3.419(ff) 12/20/28   4,519 4,323,122
Sr. Unsec’d. Notes, MTN 2.087(ff) 06/14/29   25,850 22,832,065
Sr. Unsec’d. Notes, MTN 2.496(ff) 02/13/31   2,755 2,409,071
Sr. Unsec’d. Notes, MTN 2.884(ff) 10/22/30   4,865 4,404,240
Sr. Unsec’d. Notes, MTN 3.194(ff) 07/23/30   5,140 4,737,558
Sub. Notes 6.800 03/15/28   377 424,244
Sub. Notes, EMTN 8.125 06/02/28 GBP 500 717,756
     
 
Bausch Health Americas, Inc.,
Gtd. Notes, 144A
8.500 01/31/27   1,550 978,899
Bausch Health Cos., Inc.,          
Gtd. Notes, 144A(a) 5.000 01/30/28   2,590 1,379,175
Gtd. Notes, 144A 5.000 02/15/29   175 88,594
Gtd. Notes, 144A(a) 5.250 01/30/30   5,500 2,832,500
Gtd. Notes, 144A(a) 5.250 02/15/31   2,000 1,025,400
Gtd. Notes, 144A 6.250 02/15/29   400 213,484
Beazer Homes USA, Inc.,          
Gtd. Notes 5.875 10/15/27   1,300 1,146,667
Gtd. Notes 6.750 03/15/25   2,075 1,996,806
Gtd. Notes(a) 7.250 10/15/29   1,675 1,523,380
Berkshire Hathaway, Inc.,          
Sr. Unsec’d. Notes 0.440 09/13/29 JPY 1,640,000 11,999,582
Sr. Unsec’d. Notes 0.787 09/13/34 JPY 100,000 711,687
Sr. Unsec’d. Notes 0.965 09/13/39 JPY 300,000 2,043,026
     
 
Boeing Co. (The),
Sr. Unsec’d. Notes
5.805 05/01/50   4,030 3,998,997
Boxer Parent Co., Inc.,
Sr. Sec’d. Notes, 144A
7.125 10/02/25   4,800 4,750,228
Brixmor Operating Partnership LP,          
Sr. Unsec’d. Notes 2.500 08/16/31   1,880 1,514,906
Sr. Unsec’d. Notes(a) 4.125 05/15/29   2,865 2,707,638
Broadcom, Inc.,          
Gtd. Notes, 144A 3.500 02/15/41   3,765 2,999,854
Sr. Unsec’d. Notes, 144A 3.137 11/15/35   4,626 3,725,291
Sr. Unsec’d. Notes, 144A 3.419 04/15/33   6,765 5,847,479
Caesars Entertainment, Inc.,          
Sr. Sec’d. Notes, 144A 6.250 07/01/25   2,660 2,656,610
Sr. Unsec’d. Notes, 144A(a) 4.625 10/15/29   575 487,236
     
 
Caledonia Generating LLC,
Sr. Sec’d. Notes, 144A
1.950 02/28/34   2,563 2,333,302
25

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
United States (cont’d.)
Calpine Corp.,          
Sr. Unsec’d. Notes, 144A 4.625 % 02/01/29   2,770  $2,489,215
Sr. Unsec’d. Notes, 144A(a) 5.000 02/01/31   2,180 1,931,799
Sr. Unsec’d. Notes, 144A(a) 5.125 03/15/28   5,000 4,700,553
     
 
Cantor Fitzgerald LP,
Sr. Unsec’d. Notes, 144A
1.150 04/21/23 JPY 200,000 1,505,181
CCO Holdings LLC/CCO Holdings Capital Corp.,          
Sr. Unsec’d. Notes, 144A(a) 4.250 02/01/31   9,500 8,238,820
Sr. Unsec’d. Notes, 144A 4.500 06/01/33   2,675 2,251,494
Sr. Unsec’d. Notes, 144A 5.375 06/01/29   550 525,464
Sr. Unsec’d. Notes, 144A 5.500 05/01/26   500 499,520
     
 
CDW LLC/CDW Finance Corp.,
Gtd. Notes
2.670 12/01/26   7,675 7,016,818
Central Garden & Pet Co.,
Gtd. Notes, 144A
4.125 04/30/31   675 582,353
CF Industries, Inc.,          
Gtd. Notes 4.950 06/01/43   1,230 1,123,790
Gtd. Notes 5.375 03/15/44   3,560 3,432,360
Gtd. Notes, 144A 4.500 12/01/26   6,451 6,526,184
Charter Communications Operating LLC/Charter
Communications Operating Capital,
         
Sr. Sec’d. Notes 2.800 04/01/31   3,625 3,062,037
Sr. Sec’d. Notes 3.900 06/01/52   3,365 2,437,538
Sr. Sec’d. Notes 4.800 03/01/50   5,250 4,329,718
Sr. Sec’d. Notes 6.384 10/23/35   2,357 2,475,333
Chesapeake Energy Corp.,          
Gtd. Notes, 144A 5.500 02/01/26   650 650,000
Gtd. Notes, 144A 5.875 02/01/29   600 602,809
     
 
CitiFinancial Credit Co.,
Sr. Unsec’d. Notes
7.875 02/01/25   662 719,845
Citigroup Global Markets Holdings, Inc.,          
Gtd. Notes, GMTN 3.790 09/28/28 HKD 6,000 763,148
Gtd. Notes, GMTN 4.100(cc) 06/12/24   8,398 8,525,617
Citigroup, Inc.,          
Jr. Sub. Notes 3.875(ff) 02/18/26(oo)   19,245 17,632,771
Sr. Unsec’d. Notes 2.520(ff) 11/03/32   1,660 1,410,954
Sr. Unsec’d. Notes 2.561(ff) 05/01/32   6,600 5,669,417
Sr. Unsec’d. Notes 2.800 06/25/27 JPY 770,000 6,249,097
Sr. Unsec’d. Notes, EMTN 6.500 08/16/30 GBP 7 10,209
Sr. Unsec’d. Notes, GMTN 0.620 09/21/27 JPY 100,000 740,088
Sr. Unsec’d. Notes, GMTN 2.210 08/23/22 HKD 27,000 3,440,240
Sr. Unsec’d. Notes, GMTN 2.600 12/07/22 HKD 5,000 636,894
26

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
United States (cont’d.)
Citigroup, Inc., (cont’d.)          
Sr. Unsec’d. Notes, Series 18BR 2.360 % 09/16/25 JPY 300,000   $2,361,636
     
 
Corning, Inc.,
Sr. Unsec’d. Notes
0.698 08/09/24 JPY 100,000 748,766
Dana, Inc.,          
Sr. Unsec’d. Notes 4.500 02/15/32   4,025 3,360,383
Sr. Unsec’d. Notes 5.375 11/15/27   2,625 2,467,717
DaVita, Inc.,          
Gtd. Notes, 144A 3.750 02/15/31   1,075 822,405
Gtd. Notes, 144A 4.625 06/01/30   1,175 966,471
     
 
DH Europe Finance II Sarl,
Gtd. Notes
0.450 03/18/28 EUR 2,200 2,087,664
Diamond Sports Group LLC/Diamond Sports Finance Co.,
Gtd. Notes, 144A
6.625 08/15/27   3,740 349,840
Discovery Communications LLC,          
Gtd. Notes 3.450 03/15/25   2,500 2,442,178
Gtd. Notes 5.300 05/15/49   2,480 2,214,775
     
 
DISH DBS Corp.,
Gtd. Notes(a)
7.750 07/01/26   4,950 4,087,874
Diversified Healthcare Trust,
Gtd. Notes
9.750 06/15/25   1,376 1,372,250
Dow Chemical Co. (The),
Sr. Unsec’d. Notes
9.400 05/15/39   88 125,987
Energy Transfer LP,          
Jr. Sub. Notes, Series G 7.125(ff) 05/15/30(oo)   7,800 7,069,752
Jr. Sub. Notes, Series H 6.500(ff) 11/15/26(oo)   5,045 4,578,469
Sr. Unsec’d. Notes 5.400 10/01/47   2,200 2,016,779
Sr. Unsec’d. Notes 6.000 06/15/48   2,350 2,300,157
     
 
ERAC USA Finance LLC,
Gtd. Notes, 144A
7.000 10/15/37   190 227,136
Fidelity National Information Services, Inc.,          
Gtd. Notes 1.100 07/15/24 EUR 2,300 2,336,425
Sr. Unsec’d. Notes 1.500 05/21/27 EUR 5,600 5,540,844
Ford Motor Co.,          
Sr. Unsec’d. Notes 4.750 01/15/43   5,000 4,084,495
Sr. Unsec’d. Notes 5.291 12/08/46   3,000 2,580,343
Ford Motor Credit Co. LLC,          
Sr. Unsec’d. Notes 2.900 02/16/28   1,000 873,280
Sr. Unsec’d. Notes 4.134 08/04/25   200 195,867
Sr. Unsec’d. Notes 4.687 06/09/25   2,015 1,999,469
Sr. Unsec’d. Notes, EMTN 3.683 12/03/24 AUD 500 336,468
27

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
United States (cont’d.)
Ford Motor Credit Co. LLC, (cont’d.)          
Sr. Unsec’d. Notes, EMTN 4.125 % 06/20/24 SGD 2,000  $1,453,507
General Motors Co.,          
Sr. Unsec’d. Notes(a) 5.000 04/01/35   2,200 2,057,823
Sr. Unsec’d. Notes 5.400 04/01/48   2,050 1,849,976
Sr. Unsec’d. Notes 6.250 10/02/43   2,705 2,667,791
     
 
General Motors Financial Co., Inc.,
Gtd. Notes
3.850 01/05/28   2,900 2,718,197
Golden Entertainment, Inc.,
Sr. Unsec’d. Notes, 144A(a)
7.625 04/15/26   1,000 999,730
Goldman Sachs Group, Inc. (The),          
Jr. Sub. Notes, Series U 3.650(ff) 08/10/26(oo)   11,370 9,615,095
Sr. Unsec’d. Notes 1.992(ff) 01/27/32   2,450 2,018,559
Sr. Unsec’d. Notes 2.383(ff) 07/21/32   1,770 1,492,163
Sr. Unsec’d. Notes 2.615(ff) 04/22/32   9,660 8,335,184
Sr. Unsec’d. Notes 4.500 05/16/28 AUD 210 142,325
Sr. Unsec’d. Notes, EMTN 1.428(s) 12/15/23 EUR 200 198,891
Sr. Unsec’d. Notes, EMTN 0.000(cc) 08/12/25 EUR 3,216 3,141,830
Sr. Unsec’d. Notes, EMTN 1.000 08/06/24 JPY 100,000 761,192
Sr. Unsec’d. Notes, EMTN 1.000 08/16/32 JPY 200,000 1,433,235
Sr. Unsec’d. Notes, EMTN 1.300 03/22/30 JPY 10,000 74,740
Sr. Unsec’d. Notes, EMTN, 3 Month LIBOR + 0.000% (Cap N/A, Floor 0.000%) 1.598(c) 11/30/24   40 39,000
Sr. Unsec’d. Notes, EMTN, EURIBOR ICE SWAP 11:00 Fft 10Y Index + 0.000% (Cap 7.000%, Floor N/A) 2.399(c) 06/30/25 EUR 2,227 2,255,029
Sr. Unsec’d. Notes, EMTN 2.500 11/26/22   1,500 1,494,627
Sr. Unsec’d. Notes, EMTN 4.100(cc) 05/31/24   9,338 9,361,787
Sr. Unsec’d. Notes, EMTN, EURIBOR ICE SWAP 11:00 Fft 20Y Index + 0.000% (Cap 12.000%, Floor 5.220%)^ 5.220(c) 08/24/30 EUR 5,000 5,721,436
     
 
Goldman Sachs International,
Gtd. Notes, EMTN
1.750 05/29/24 EUR 3,685 3,744,810
Greystone Commercial Capital Trust,
Sr. Unsec’d. Notes, Series A, 144A, 1 Month LIBOR + 2.270%^
4.426(c) 05/31/25   19,100 18,718,000
HCA, Inc.,          
Gtd. Notes 5.250 06/15/49   1,500 1,405,713
Gtd. Notes 5.625 09/01/28   700 725,369
Gtd. Notes 7.500 11/06/33   2,000 2,266,990
Gtd. Notes, MTN 7.750 07/15/36   2,000 2,314,902
     
 
28

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
United States (cont’d.)
     
Honeywell International, Inc.,
Sr. Unsec’d. Notes
0.750 % 03/10/32 EUR 3,000  $2,729,831
Host Hotels & Resorts LP,
Sr. Unsec’d. Notes
3.875 04/01/24   5,000 4,963,232
Housing & Urban Development Corp. Ltd. AID Bond,
U.S. Gov’t. Gtd. Notes, 6 Month LIBOR + 0.035%
1.166(c) 09/15/30   800 793,157
Hunt Cos., Inc.,
Sr. Sec’d. Notes, 144A
5.250 04/15/29   5,750 4,962,371
International Game Technology PLC,
Sr. Sec’d. Notes, 144A
4.125 04/15/26   5,450 5,187,691
International Paper Co.,
Sr. Unsec’d. Notes
7.300 11/15/39   75 89,630
IQVIA, Inc.,
Gtd. Notes, 144A
2.250 01/15/28 EUR 1,800 1,661,564
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance,
Inc.,
         
Gtd. Notes, 144A 6.500 04/15/29   184 186,567
Sr. Unsec’d. Notes, 144A 5.500 01/15/30   2,600 2,510,625
     
 
Jefferies Group LLC,
Sr. Unsec’d. Notes
2.750 10/15/32   9,275 7,304,909
John Sevier Combined Cycle Generation LLC,
Sec’d. Notes
4.626 01/15/42   3,850 3,987,729
JPMorgan Chase & Co.,          
Jr. Sub. Notes, Series HH 4.600(ff) 02/01/25(oo)   23,506 21,010,636
Jr. Sub. Notes, Series I, 3 Month LIBOR + 3.470% 6.276(c) 10/30/22(oo)   219 218,013
Jr. Sub. Notes, Series V, 3 Month LIBOR + 3.320% 5.597(c) 10/01/22(oo)   1,000 981,335
Sr. Unsec’d. Notes 1.953(ff) 02/04/32   13,490 11,220,669
Sr. Unsec’d. Notes 2.525(ff) 11/19/41   6,200 4,599,840
Sr. Unsec’d. Notes 2.545(ff) 11/08/32   8,945 7,684,980
Sr. Unsec’d. Notes 2.580(ff) 04/22/32   7,590 6,587,903
Sr. Unsec’d. Notes 3.509(ff) 01/23/29   3,200 3,062,254
Sr. Unsec’d. Notes 3.702(ff) 05/06/30   1,590 1,520,308
     
 
JPMorgan Chase Bank, NA,
Sr. Unsec’d. Notes
4.762(s) 03/17/48 ITL(jj) 29,800,000 3,719,005
KB Home,
Gtd. Notes(a)
6.875 06/15/27   1,650 1,707,534
Kimco Realty Corp.,
Sr. Unsec’d. Notes
2.250 12/01/31   4,160 3,465,007
Kraft Heinz Foods Co.,
Gtd. Notes
4.875 10/01/49   15 14,025
Lamb Weston Holdings, Inc.,
Gtd. Notes, 144A
4.375 01/31/32   1,725 1,630,042
29

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
United States (cont’d.)
     
Legacy LifePoint Health LLC,
Sr. Sec’d. Notes, 144A
4.375 % 02/15/27   75  $67,211
Level 3 Financing, Inc.,
Sr. Sec’d. Notes, 144A
3.400 03/01/27   4,042 3,652,793
Liberty Mutual Group, Inc.,          
Gtd. Notes 2.750 05/04/26 EUR 1,000 1,044,888
Gtd. Notes, 144A 3.951 10/15/50   90 71,255
     
 
LifePoint Health, Inc.,
Gtd. Notes, 144A(a)
5.375 01/15/29   3,000 2,319,546
Magallanes, Inc.,          
Gtd. Notes, 144A 5.050 03/15/42   4,355 3,866,946
Gtd. Notes, 144A 5.141 03/15/52   8,795 7,684,607
Gtd. Notes, 144A 5.391 03/15/62   1,270 1,113,760
     
 
Marathon Petroleum Corp.,
Sr. Unsec’d. Notes
6.500 03/01/41   9,050 10,086,427
Marriott International, Inc.,          
Sr. Unsec’d. Notes, Series EE 5.750 05/01/25   875 913,086
Sr. Unsec’d. Notes, Series HH 2.850 04/15/31   9,115 7,813,769
McDonald’s Corp.,          
Sr. Unsec’d. Notes, MTN 3.450 09/08/26 AUD 1,220 826,842
Sr. Unsec’d. Notes, MTN 3.800 03/08/29 AUD 5,090 3,379,675
Medline Borrower LP,          
Sr. Sec’d. Notes, 144A 3.875 04/01/29   5,450 4,920,516
Sr. Unsec’d. Notes, 144A(a) 5.250 10/01/29   550 496,920
Medtronic Global Holdings SCA,          
Gtd. Notes 1.500 07/02/39 EUR 500 426,538
Gtd. Notes 1.625 03/07/31 EUR 2,500 2,471,956
Gtd. Notes 1.750 07/02/49 EUR 2,100 1,705,094
Gtd. Notes 2.250 03/07/39 EUR 1,910 1,815,376
     
 
MetLife, Inc.,
Sr. Unsec’d. Notes
0.769 05/23/29 JPY 600,000 4,420,844
Metropolitan Life Global Funding I,
Sec’d. Notes, MTN
4.000 07/13/27 AUD 300 205,352
Morgan Guaranty Trust Co.,
Sr. Unsec’d. Notes
1.146(s) 01/21/27 ITL(jj) 2,275,000 1,052,021
Morgan Stanley,          
Sr. Unsec’d. Notes 0.406(ff) 10/29/27 EUR 10,000 9,444,783
Sr. Unsec’d. Notes, EMTN 0.000 04/02/32   17,400 11,399,034
Sr. Unsec’d. Notes, EMTN 0.500(cc) 06/26/43 MXN 16,700 124,800
Sr. Unsec’d. Notes, EMTN 0.500(cc) 09/25/43 MXN 33,900 249,001
Sr. Unsec’d. Notes, EMTN 3.240 12/14/22 EUR 2,200 2,263,238
Sr. Unsec’d. Notes, EMTN 5.632(s) 10/05/26 IDR 2,000,000 102,360
30

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
United States (cont’d.)
Morgan Stanley, (cont’d.)          
Sr. Unsec’d. Notes, EMTN 7.118 %(s) 06/28/27 MXN 27,000  $771,397
Sr. Unsec’d. Notes, EMTN 7.500 12/15/27 MXN 33,300 1,442,720
Sr. Unsec’d. Notes, EMTN 7.926(s) 04/05/32 MXN 71,000 1,237,808
Sr. Unsec’d. Notes, EMTN 7.950(s) 11/07/31 MXN 56,000 977,675
Sr. Unsec’d. Notes, GMTN 1.875 03/06/30 EUR 1,100 1,036,698
Sr. Unsec’d. Notes, MTN 2.511(ff) 10/20/32   4,320 3,708,912
Sr. Unsec’d. Notes, MTN(a) 2.943(ff) 01/21/33   2,950 2,633,364
MPLX LP,          
Sr. Unsec’d. Notes 4.000 03/15/28   515 504,116
Sr. Unsec’d. Notes 4.125 03/01/27   2,000 1,982,825
     
 
MPT Operating Partnership LP/MPT Finance Corp.,
Gtd. Notes
3.325 03/24/25 EUR 1,700 1,701,071
Nationstar Mortgage Holdings, Inc.,          
Gtd. Notes, 144A 5.500 08/15/28   2,490 2,185,381
Gtd. Notes, 144A 6.000 01/15/27   735 681,264
     
 
Newell Brands, Inc.,
Sr. Unsec’d. Notes
4.450 04/01/26   1,300 1,284,161
NRG Energy, Inc.,
Sr. Sec’d. Notes, 144A
3.750 06/15/24   5,600 5,479,060
Occidental Petroleum Corp.,
Sr. Unsec’d. Notes
6.450 09/15/36   35 38,912
OneMain Finance Corp.,
Gtd. Notes(a)
4.000 09/15/30   1,800 1,425,418
ONEOK Partners LP,
Gtd. Notes
4.900 03/15/25   2,000 2,025,861
ONEOK, Inc.,          
Gtd. Notes(a) 3.100 03/15/30   7,350 6,518,567
Gtd. Notes 4.450 09/01/49   2,000 1,639,439
Organon & Co./Organon Foreign Debt Co-Issuer BV,          
Sr. Sec’d. Notes, 144A 4.125 04/30/28   800 759,083
Sr. Unsec’d. Notes, 144A(a) 5.125 04/30/31   1,725 1,616,076
     
 
Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC,
Sr. Sec’d. Notes, 144A(a)
4.000 10/15/27   1,367 1,206,808
Paramount Global,          
Sr. Unsec’d. Notes 4.375 03/15/43   1,089 874,785
Sr. Unsec’d. Notes 5.850 09/01/43   3,769 3,641,546
     
 
Pilgrim’s Pride Corp.,
Gtd. Notes, 144A
4.250 04/15/31   4,550 4,073,232
Post Holdings, Inc.,
Sr. Unsec’d. Notes, 144A(a)
4.500 09/15/31   2,500 2,235,612
31

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
United States (cont’d.)
Prologis Yen Finance LLC,          
Gtd. Notes 0.885 % 06/27/36 JPY 200,000  $1,389,876
Gtd. Notes 0.972 09/25/28 JPY 700,000 5,249,719
Gtd. Notes 1.003 06/24/32 JPY 1,500,000 11,036,950
Gtd. Notes 1.222 06/22/35 JPY 200,000 1,463,889
     
 
Realty Income Corp.,
Sr. Unsec’d. Notes(h)
2.200 06/15/28   480 434,817
Ryder System, Inc.,
Sr. Unsec’d. Notes, MTN
4.625 06/01/25   9,000 9,127,916
Sally Holdings LLC/Sally Capital, Inc.,
Gtd. Notes
5.625 12/01/25   4,525 4,503,203
Service Properties Trust,
Sr. Unsec’d. Notes
4.350 10/01/24   3,600 3,226,877
Silgan Holdings, Inc.,
Gtd. Notes
2.250 06/01/28 EUR 7,711 6,725,038
Southaven Combined Cycle Generation LLC,
Sec’d. Notes
3.846 08/15/33   8 7,867
Spectrum Brands, Inc.,
Gtd. Notes, 144A
4.000 10/01/26 EUR 675 651,111
Sprint Capital Corp.,
Gtd. Notes
8.750 03/15/32   1,985 2,567,767
Sprint Corp.,          
Gtd. Notes 7.125 06/15/24   2,000 2,094,760
Gtd. Notes 7.625 02/15/25   300 320,297
     
 
Standard Industries, Inc.,
Sr. Unsec’d. Notes, 144A
4.375 07/15/30   4,550 3,964,057
Stellantis Finance US, Inc.,
Gtd. Notes, 144A(a)
2.691 09/15/31   3,645 2,983,796
Tallgrass Energy Partners LP/Tallgrass Energy
Finance Corp.,
         
Gtd. Notes, 144A 5.500 01/15/28   2,625 2,382,561
Gtd. Notes, 144A 6.000 12/31/30   1,700 1,526,678
Gtd. Notes, 144A 7.500 10/01/25   1,075 1,079,762
Taylor Morrison Communities, Inc.,          
Gtd. Notes, 144A 5.750 01/15/28   2,723 2,637,682
Sr. Unsec’d. Notes, 144A 5.125 08/01/30   375 343,054
Tenet Healthcare Corp.,          
Gtd. Notes, 144A(a) 6.125 10/01/28   3,125 3,045,135
Sr. Sec’d. Notes, 144A 5.125 11/01/27   2,905 2,862,146
     
 
Texas Capital Bank NA,
Sr. Unsec’d. Notes, 144A, 3 Month LIBOR + 4.500%
6.750(c) 09/30/24   15,020 14,283,517
32

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
United States (cont’d.)
     
Thermo Fisher Scientific, Inc.,
Sr. Unsec’d. Notes
2.875 % 07/24/37 EUR 450  $467,463
Time Warner Entertainment Co. LP,
Sr. Sec’d. Notes
8.375 07/15/33   2,065 2,455,749
T-Mobile USA, Inc.,
Sr. Sec’d. Notes
4.375 04/15/40   2,500 2,328,205
Tote Shipholdings LLC,
U.S. Gov’t. Gtd. Notes
3.400 10/16/40   96 92,683
Toyota Motor Credit Corp.,
Sr. Unsec’d. Notes, EMTN
3.200(cc) 10/24/25   3,158 3,134,096
U.S. Bancorp,
Jr. Sub. Notes
3.700(ff) 01/15/27(oo)   18,150 15,187,605
UGI International LLC,
Gtd. Notes, 144A
2.500 12/01/29 EUR 8,625 6,490,001
United Airlines, Inc.,          
Sr. Sec’d. Notes, 144A 4.375 04/15/26   3,750 3,610,307
Sr. Sec’d. Notes, 144A 4.625 04/15/29   950 875,610
United Rentals North America, Inc.,          
Gtd. Notes 3.750 01/15/32   250 220,197
Gtd. Notes 3.875 02/15/31   391 356,530
Gtd. Notes 4.875 01/15/28   3,115 3,111,196
Gtd. Notes 5.250 01/15/30   2,340 2,366,699
     
 
Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC,
Sr. Sec’d. Notes, 144A
7.875 02/15/25   8,600 8,651,685
Univision Communications, Inc.,
Sr. Sec’d. Notes, 144A
6.625 06/01/27   3,335 3,355,154
Vector Group Ltd.,
Sr. Sec’d. Notes, 144A
5.750 02/01/29   4,750 4,312,805
Ventas Realty LP,
Gtd. Notes
2.500 09/01/31   7,995 6,792,148
Venture Global Calcasieu Pass LLC,          
Sr. Sec’d. Notes, 144A 3.875 08/15/29   495 458,394
Sr. Sec’d. Notes, 144A 4.125 08/15/31   370 341,955
Verizon Communications, Inc.,          
Sr. Unsec’d. Notes 2.500 04/08/31 GBP 1,400 1,573,366
Sr. Unsec’d. Notes, MTN 2.650 05/06/30 AUD 1,600 935,909
Sr. Unsec’d. Notes, MTN 3.000 03/23/31 AUD 1,000 588,655
Sr. Unsec’d. Notes, MTN 4.050 02/17/25 AUD 4,950 3,458,565
Sr. Unsec’d. Notes, MTN 4.500 08/17/27 AUD 730 507,660
Sr. Unsec’d. Notes, Series MPLE 4.050 03/22/51 CAD 3,200 2,111,593
33

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
United States (cont’d.)
Viatris, Inc.,          
Gtd. Notes 3.850 % 06/22/40   4,410  $3,221,113
Gtd. Notes 4.000 06/22/50   4,425 3,066,517
     
 
VICI Properties LP/VICI Note Co., Inc.,
Gtd. Notes, 144A
4.250 12/01/26   4,000 3,777,285
Vistra Corp.,          
Jr. Sub. Notes, 144A 7.000(ff) 12/15/26(oo)   2,650 2,423,378
Jr. Sub. Notes, 144A 8.000(ff) 10/15/26(oo)   9,650 9,346,501
Vistra Operations Co. LLC,          
Gtd. Notes, 144A 5.000 07/31/27   3,520 3,468,782
Sr. Sec’d. Notes, 144A 3.550 07/15/24   14,300 13,854,518
     
 
Warner Media LLC,
Gtd. Notes
4.050 12/15/23   11,250 11,228,019
Wells Fargo & Co.,          
Sr. Unsec’d. Notes 4.000 04/27/27 AUD 4,198 2,831,399
Sr. Unsec’d. Notes, GMTN 3.700 07/27/26 AUD 1,458 981,140
Sr. Unsec’d. Notes, MTN 2.572(ff) 02/11/31   7,890 6,956,888
Welltower, Inc.,          
Sr. Unsec’d. Notes 2.050 01/15/29   3,100 2,696,092
Sr. Unsec’d. Notes 2.800 06/01/31   10,300 8,971,010
Sr. Unsec’d. Notes 3.100 01/15/30   5,600 5,091,365
     
 
Williams Cos., Inc. (The),
Sr. Unsec’d. Notes
4.000 09/15/25   861 858,936
WPC Eurobond BV,
Gtd. Notes
0.950 06/01/30 EUR 9,950 8,316,193
Xerox Corp.,
Sr. Unsec’d. Notes
4.625 03/15/23   90 89,891
          918,557,891
     
 
Total Corporate Bonds
(cost $2,151,420,907)
1,807,241,877
Municipal Bond 0.2%
Puerto Rico 
Commonwealth of Puerto Rico,
General Obligation, Sub-Series C
(cost $6,183,690)
0.000(cc) 11/01/43   11,150 5,945,926
34

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Residential Mortgage-Backed Securities 5.7%
Bermuda 1.3%
Bellemeade Re Ltd.,          
Series 2018-03A, Class M1B, 144A, 1 Month LIBOR + 1.850% (Cap N/A, Floor 1.850%) 4.109 %(c) 10/25/28   256  $255,652
Series 2019-02A, Class M1B, 144A, 1 Month LIBOR + 1.450% (Cap N/A, Floor 1.450%) 3.709(c) 04/25/29   354 353,150
Series 2019-03A, Class M1B, 144A, 1 Month LIBOR + 1.600% (Cap N/A, Floor 1.600%) 3.859(c) 07/25/29   835 832,921
Series 2019-04A, Class M1B, 144A, 1 Month LIBOR + 2.000% (Cap N/A, Floor 2.000%) 4.259(c) 10/25/29   749 748,753
Series 2021-01A, Class M1A, 144A, 30 Day Average SOFR + 1.750% (Cap N/A, Floor 1.750%) 3.264(c) 03/25/31   4,118 4,095,840
Series 2021-01A, Class M1C, 144A, 30 Day Average SOFR + 2.950% (Cap N/A, Floor 2.950%) 4.464(c) 03/25/31   1,750 1,674,794
Series 2021-03A, Class M1B, 144A, 30 Day Average SOFR + 1.400% (Cap N/A, Floor 1.400%) 2.914(c) 09/25/31   1,200 1,115,587
Eagle Re Ltd.,          
Series 2019-01, Class M1B, 144A, 1 Month LIBOR + 1.800% (Cap N/A, Floor 0.000%) 4.059(c) 04/25/29   620 613,180
Series 2021-01, Class M1B, 144A, 30 Day Average SOFR + 2.150% (Cap N/A, Floor 2.150%) 3.664(c) 10/25/33   2,710 2,701,698
Series 2021-01, Class M1C, 144A, 30 Day Average SOFR + 2.700% (Cap N/A, Floor 2.700%) 4.214(c) 10/25/33   4,200 4,140,524
Series 2021-02, Class M1C, 144A, 30 Day Average SOFR + 3.450% (Cap N/A, Floor 3.450%) 4.964(c) 04/25/34   3,500 3,259,977
Home Re Ltd.,          
Series 2019-01, Class M1, 144A, 1 Month LIBOR + 1.650% (Cap N/A, Floor 0.000%) 3.909(c) 05/25/29   378 376,612
Series 2021-01, Class M1B, 144A, 1 Month LIBOR + 1.550% (Cap N/A, Floor 0.000%) 3.809(c) 07/25/33   9,211 9,104,923
Series 2021-02, Class M1B, 144A, 30 Day Average SOFR + 1.600% (Cap N/A, Floor 0.000%) 3.114(c) 01/25/34   2,855 2,762,394
Series 2021-02, Class M1C, 144A, 30 Day Average SOFR + 2.800% (Cap N/A, Floor 0.000%) 4.314(c) 01/25/34   4,790 4,459,714
     
 
35

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Residential Mortgage-Backed Securities (Continued)
Bermuda (cont’d.)
     
Oaktown Re II Ltd.,
Series 2018-01A, Class M1, 144A, 1 Month LIBOR + 1.550% (Cap N/A, Floor 0.000%)
3.809 %(c) 07/25/28   186  $185,463
Oaktown Re III Ltd.,
Series 2019-01A, Class M1A, 144A, 1 Month LIBOR + 1.400% (Cap N/A, Floor 1.400%)
3.659(c) 07/25/29   30 30,233
Oaktown Re VI Ltd.,          
Series 2021-01A, Class M1A, 144A, 30 Day Average SOFR + 1.650% (Cap N/A, Floor 1.650%) 3.164(c) 10/25/33   1,820 1,813,555
Series 2021-01A, Class M1B, 144A, 30 Day Average SOFR + 2.050% (Cap N/A, Floor 2.050%) 3.564(c) 10/25/33   1,865 1,830,361
Oaktown Re VII Ltd.,          
Series 2021-02, Class M1A, 144A, 30 Day Average SOFR + 1.600% (Cap N/A, Floor 1.600%) 3.114(c) 04/25/34   2,200 2,143,020
Series 2021-02, Class M1B, 144A, 30 Day Average SOFR + 2.900% (Cap N/A, Floor 2.900%) 4.414(c) 04/25/34   700 649,485
Radnor Re Ltd.,          
Series 2018-01, Class M1, 144A, 1 Month LIBOR + 1.400% (Cap N/A, Floor 0.000%) 3.659(c) 03/25/28   59 58,872
Series 2020-01, Class M1A, 144A, 1 Month LIBOR + 0.950% (Cap N/A, Floor 0.950%) 3.209(c) 01/25/30   491 488,834
Series 2020-01, Class M1B, 144A, 1 Month LIBOR + 1.450% (Cap N/A, Floor 1.450%) 3.709(c) 01/25/30   1,800 1,765,511
Series 2021-01, Class M1A, 144A, 30 Day Average SOFR + 1.650% (Cap N/A, Floor 1.650%) 3.164(c) 12/27/33   3,143 3,122,087
Series 2021-02, Class M1B, 144A, 30 Day Average SOFR + 3.700% (Cap N/A, Floor 3.700%) 5.214(c) 11/25/31   5,100 4,852,592
          53,435,732
Ireland 0.2%
Retiro Mortgage Securities DAC,
Series 01A, Class A1, 144A, 3 Month EURIBOR + 2.000% (Cap 5.000%, Floor 0.000%)
2.238(c) 07/30/75 EUR 5,547 5,593,400
36

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Residential Mortgage-Backed Securities (Continued)
United Kingdom 0.1%
Jupiter Mortgage PLC,
Series 01A, Class B, 144A, SONIA + 1.400% (Cap N/A, Floor 0.000%)
2.355 %(c) 07/20/60 GBP 4,200  $5,028,801
United States 4.1%
APS Resecuritization Trust,
Series 2016-01, Class 1A, 144A, 1 Month LIBOR + 0.150% (Cap N/A, Floor 0.150%)
1.863(c) 07/27/57   427 422,605
Banc of America Funding Trust,
Series 2014-R05, Class 1A1, 144A, 6 Month LIBOR + 1.500% (Cap 11.000%, Floor 1.500%)
4.335(c) 09/26/45   20 19,969
BVRT Financing Trust,
Series 2021-04, Class F, 144A, 1 Month SOFR + 2.000%^
3.364(c) 09/12/26   7,834 7,794,892
Central Park Funding Trust,
Series 2021-01, Class PT, 144A, 1 Month LIBOR + 2.750% (Cap N/A, Floor 2.750%)
5.050(c) 08/29/22   17,771 17,604,732
Connecticut Avenue Securities Trust,          
Series 2019-R07, Class 1M2, 144A, 1 Month LIBOR + 2.100% (Cap N/A, Floor 0.000%) 4.359(c) 10/25/39   127 126,932
Series 2020-R01, Class 1M2, 144A, 1 Month LIBOR + 2.050% (Cap N/A, Floor 2.050%) 4.309(c) 01/25/40   539 539,391
Series 2021-R01, Class 1B1, 144A, 30 Day Average SOFR + 3.100% (Cap N/A, Floor 0.000%) 4.614(c) 10/25/41   1,350 1,211,625
Series 2021-R01, Class 1M2, 144A, 30 Day Average SOFR + 1.550% (Cap N/A, Floor 0.000%) 3.064(c) 10/25/41   240 229,488
     
 
Credit Suisse Mortgage Trust,
Series 2020-RPL06, Class A1, 144A
2.688(cc) 03/25/59   2,243 2,161,675
Fannie Mae Connecticut Avenue Securities,          
Series 2021-R02, Class 2B1, 144A, 30 Day Average SOFR + 3.300% (Cap N/A, Floor 0.000%) 4.814(c) 11/25/41   2,060 1,867,596
Series 2021-R02, Class 2M2, 144A, 30 Day Average SOFR + 2.000% (Cap N/A, Floor 0.000%) 3.514(c) 11/25/41   1,440 1,328,399
     
 
Fannie Mae REMICS,
Series 2012-107, Class GI, IO
3.500 09/25/27   2,368 127,082
FHLMC REMICS,
Series 4166, Class IO, IO
3.500 02/15/43   4,871 858,017
37

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Residential Mortgage-Backed Securities (Continued)
United States (cont’d.)
FHLMC Structured Agency Credit Risk Debt Notes,          
Series 2020-HQA05, Class B1, 144A, 30 Day Average SOFR + 4.000% (Cap N/A, Floor 0.000%) 5.514 %(c) 11/25/50   595  $574,623
Series 2020-HQA05, Class M2, 144A, 30 Day Average SOFR + 2.600% (Cap N/A, Floor 0.000%) 4.114(c) 11/25/50   1,942 1,935,931
FHLMC Structured Agency Credit Risk REMIC Trust,          
Series 2020-DNA02, Class M2, 144A, 1 Month LIBOR + 1.850% (Cap N/A, Floor 0.000%) 4.109(c) 02/25/50   1,985 1,972,617
Series 2020-DNA03, Class B1, 144A, 1 Month LIBOR + 5.100% (Cap N/A, Floor 0.000%) 7.359(c) 06/25/50   650 675,681
Series 2020-HQA02, Class M2, 144A, 1 Month LIBOR + 3.100% (Cap N/A, Floor 0.000%) 5.359(c) 03/25/50   149 148,938
Series 2020-HQA04, Class B1, 144A, 1 Month LIBOR + 5.250% (Cap N/A, Floor 0.000%) 7.509(c) 09/25/50   1,310 1,319,861
Series 2020-HQA04, Class M2, 144A, 1 Month LIBOR + 3.150% (Cap N/A, Floor 0.000%) 5.409(c) 09/25/50   70 69,825
Series 2021-DNA01, Class B1, 144A, 30 Day Average SOFR + 2.650% (Cap N/A, Floor 0.000%) 4.164(c) 01/25/51   1,835 1,584,530
Series 2021-DNA01, Class M2, 144A, 30 Day Average SOFR + 1.800% (Cap N/A, Floor 0.000%) 3.314(c) 01/25/51   11,697 11,433,437
Series 2021-DNA05, Class B1, 144A, 30 Day Average SOFR + 3.050% (Cap N/A, Floor 0.000%) 4.564(c) 01/25/34   3,330 2,976,429
Series 2021-DNA05, Class M2, 144A, 30 Day Average SOFR + 1.650% (Cap N/A, Floor 0.000%) 3.164(c) 01/25/34   1,593 1,563,654
Series 2021-DNA06, Class B1, 144A, 30 Day Average SOFR + 3.400% (Cap N/A, Floor 0.000%) 4.914(c) 10/25/41   1,830 1,677,155
Series 2021-DNA07, Class B1, 144A, 30 Day Average SOFR + 3.650% (Cap N/A, Floor 0.000%) 5.164(c) 11/25/41   2,060 1,893,709
Series 2021-HQA01, Class B1, 144A, 30 Day Average SOFR + 3.000% (Cap N/A, Floor 0.000%) 4.514(c) 08/25/33   12,300 10,085,988
Series 2021-HQA01, Class M2, 144A, 30 Day Average SOFR + 2.250% (Cap N/A, Floor 0.000%) 3.764(c) 08/25/33   17,900 16,723,088
38

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Residential Mortgage-Backed Securities (Continued)
United States (cont’d.)
FHLMC Structured Agency Credit Risk REMIC Trust, (cont’d.)          
Series 2021-HQA02, Class B1, 144A, 30 Day Average SOFR + 3.150% (Cap N/A, Floor 0.000%) 4.664 %(c) 12/25/33   2,000  $1,659,999
Series 2021-HQA03, Class B1, 144A, 30 Day Average SOFR + 3.350% (Cap N/A, Floor 0.000%) 4.864(c) 09/25/41   1,570 1,395,434
Series 2021-HQA03, Class M2, 144A, 30 Day Average SOFR + 2.100% (Cap N/A, Floor 0.000%) 3.614(c) 09/25/41   3,020 2,701,327
Series 2021-HQA04, Class B1, 144A, 30 Day Average SOFR + 3.750% (Cap N/A, Floor 0.000%) 5.264(c) 12/25/41   1,230 1,054,372
Series 2021-HQA04, Class M2, 144A, 30 Day Average SOFR + 2.350% (Cap N/A, Floor 0.000%) 3.864(c) 12/25/41   1,800 1,615,837
     
 
GCAT Asset-Backed Notes,
Series 2021-01, Class A1, 144A
2.487 11/25/49   13,861 13,235,575
Legacy Mortgage Asset Trust,
Series 2020-GS01, Class A1, 144A
2.882 10/25/59   5,490 5,456,549
Loan Revolving Advance Investment Trust,
Series 2021-02, Class A1X, 144A, 1 Month LIBOR + 2.750% (Cap N/A, Floor 2.750%)
4.721(c) 06/30/23   22,700 22,528,477
MRA Issuance Trust,
Series 2020-07, Class A2X, 144A
2.362(cc) 09/15/22   12,465 12,459,788
New Residential Mortgage Loan Trust,
Series 2018-04A, Class A1S, 144A, 1 Month LIBOR + 0.750% (Cap N/A, Floor 0.750%)
3.009(c) 01/25/48   701 683,641
PMT Credit Risk Transfer Trust,
Series 2020-02R, Class A, 144A, 1 Month LIBOR + 3.815% (Cap N/A, Floor 3.815%)
6.115(c) 12/25/22   8,958 8,893,888
PNMAC GMSR Issuer Trust,          
Series 2018-GT01, Class A, 144A, 1 Month LIBOR + 2.850% (Cap N/A, Floor 2.850%) 5.109(c) 02/25/23   1,020 1,007,074
Series 2018-GT02, Class A, 144A, 1 Month LIBOR + 2.650% (Cap N/A, Floor 0.000%) 4.909(c) 08/25/25   2,300 2,271,726
          163,891,556
     
 
Total Residential Mortgage-Backed Securities
(cost $238,680,531)
227,949,489
39

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds 28.4%
Albania 0.0%
Albania Government International Bond,          
Sr. Unsec’d. Notes 3.500 % 10/09/25 EUR 1,000  $939,839
Sr. Unsec’d. Notes, 144A 3.500 10/09/25 EUR 1,000 939,839
          1,879,678
Andorra 0.0%
Andorra International Bond,
Sr. Unsec’d. Notes, EMTN
1.250 05/06/31 EUR 400 366,436
Argentina 0.1%
Argentine Republic Government International Bond,          
Bonds 4.330 12/31/33(d) JPY 519,215 969,746
Sr. Unsec’d. Notes 0.670 12/31/38(d) JPY 1,637,456 2,535,742
Sr. Unsec’d. Notes 0.670 12/31/38(d) JPY 59,017 91,281
          3,596,769
Austria 0.1%
Republic of Austria Government Bond,
Sr. Unsec’d. Notes, 144A
0.750 03/20/51 EUR 100 79,732
Republic of Austria Government International Bond,
Sr. Unsec’d. Notes, 144A, MTN
5.375 12/01/34 CAD 2,143 1,977,474
          2,057,206
Belgium 0.0%
Kingdom of Belgium Government Bond,
Sr. Unsec’d. Notes, Series 93, 144A
0.650 06/22/71 EUR 100 60,013
Brazil 1.0%
Brazil Loan Trust 1,          
Gov’t. Gtd. Notes 5.477 07/24/23   8,405 8,338,263
Gov’t. Gtd. Notes, 144A 5.477 07/24/23   920 916,107
Brazil Minas SPE via State of Minas Gerais,          
Gov’t. Gtd. Notes 5.333 02/15/28   30,419 29,949,210
Gov’t. Gtd. Notes, 144A(a) 5.333 02/15/28   423 416,470
Brazilian Government International Bond,          
Sr. Unsec’d. Notes 8.500 01/05/24 BRL 30 5,411
Sr. Unsec’d. Notes, Series B 8.875 04/15/24   200 219,287
          39,844,748
40

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Bulgaria 0.3%
Bulgaria Government International Bond,          
Sr. Unsec’d. Notes 0.375 % 09/23/30 EUR 3,167  $2,555,681
Sr. Unsec’d. Notes, GMTN 3.125 03/26/35 EUR 8,212 7,927,784
          10,483,465
Canada 0.3%
Canadian Government Bond,
Bonds(k)
4.000 06/01/41 CAD 650 594,515
City of Ottawa Ontario,
Unsec’d. Notes
5.050 08/13/30 CAD 2,570 2,244,648
City of Quebec,          
Unsec’d. Notes 2.100 07/06/31 CAD 3,000 2,069,809
Unsec’d. Notes 2.250 11/28/29 CAD 2,500 1,811,168
     
 
City of Toronto,
Unsec’d. Notes
3.250 06/24/46 CAD 1,000 682,568
Province of Alberta,
Sr. Unsec’d. Notes, EMTN
1.403 02/20/29 SEK 2,000 177,791
Province of Quebec Residual Strips,
Bonds
2.283(s) 04/01/35 CAD 10,000 4,899,342
          12,479,841
Chile 0.1%
Bonos de la Tesoreria de la Republica en pesos,          
Bonds 2.500 03/01/25 CLP 900,000 885,413
Bonds 5.000 03/01/35 CLP 505,000 485,535
Chile Government International Bond,          
Sr. Unsec’d. Notes 0.830 07/02/31 EUR 1,000 828,052
Sr. Unsec’d. Notes 1.440 02/01/29 EUR 1,884 1,736,960
Sr. Unsec’d. Notes 1.750 01/20/26 EUR 240 239,129
          4,175,089
China 1.7%
China Government Bond,          
Bonds, Series INBK 2.850 06/04/27 CNH 6,000 901,271
Sr. Unsec’d. Notes 3.160 06/27/23 CNH 5,000 744,890
Sr. Unsec’d. Notes 3.300 07/04/23 CNH 2,000 298,368
Sr. Unsec’d. Notes 3.310 11/30/25 CNH 4,000 605,765
Sr. Unsec’d. Notes 3.380 11/21/24 CNH 500 75,507
Sr. Unsec’d. Notes 3.390 05/21/25 CNH 2,500 379,144
Sr. Unsec’d. Notes 3.480 06/29/27 CNH 2,000 305,403
41

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
China (cont’d.)
China Government Bond, (cont’d.)          
Sr. Unsec’d. Notes 3.600 % 06/27/28 CNH 10,500  $1,609,604
Sr. Unsec’d. Notes 3.600 05/21/30 CNH 18,500 2,853,698
Sr. Unsec’d. Notes 3.900 07/04/36 CNH 16,000 2,527,571
Sr. Unsec’d. Notes 3.950 06/29/43 CNH 40,000 6,272,299
Sr. Unsec’d. Notes 4.000 11/30/35 CNH 76,500 12,463,515
Sr. Unsec’d. Notes 4.100 05/21/45 CNH 62,000 9,890,393
Sr. Unsec’d. Notes 4.150 12/12/31 CNH 41,500 6,704,333
Sr. Unsec’d. Notes 4.290 05/22/29 CNH 10,500 1,682,824
Sr. Unsec’d. Notes 4.400 12/12/46 CNH 48,500 8,135,966
Sr. Unsec’d. Notes 4.500 05/22/34 CNH 24,000 4,062,553
China Government International Bond,          
Sr. Unsec’d. Notes 0.500 11/12/31 EUR 1,800 1,499,347
Sr. Unsec’d. Notes 1.000 11/12/39 EUR 3,500 2,593,452
Export-Import Bank of China (The),          
Sr. Unsec’d. Notes 4.150 06/18/27 CNH 4,000 624,190
Sr. Unsec’d. Notes 4.400 05/14/24 CNH 20,000 3,049,234
          67,279,327
Colombia 1.5%
Colombia Government International Bond,          
Sr. Unsec’d. Notes 3.000 01/30/30   1,400 1,128,575
Sr. Unsec’d. Notes 4.000 02/26/24   1,000 981,750
Sr. Unsec’d. Notes 8.375 02/15/27   2,745 3,177,166
Sr. Unsec’d. Notes 9.850 06/28/27 COP 15,013,000 3,245,264
Sr. Unsec’d. Notes(a) 10.375 01/28/33   1,401 1,691,532
Sr. Unsec’d. Notes 11.850 03/09/28   1,000 1,371,830
Sr. Unsec’d. Notes, EMTN 3.875 03/22/26 EUR 47,879 47,001,810
          58,597,927
Croatia 0.3%
Croatia Government International Bond,          
Sr. Unsec’d. Notes 1.125 06/19/29 EUR 200 185,732
Sr. Unsec’d. Notes 1.500 06/17/31 EUR 5,600 5,127,165
Sr. Unsec’d. Notes 2.750 01/27/30 EUR 3,000 3,080,140
Sr. Unsec’d. Notes 3.000 03/20/27 EUR 4,500 4,811,364
          13,204,401
42

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Cyprus 1.1%
Cyprus Government International Bond,          
Sr. Unsec’d. Notes, EMTN 1.250 % 01/21/40 EUR 7,550  $5,581,425
Sr. Unsec’d. Notes, EMTN(a) 2.250 04/16/50 EUR 2,000 1,575,618
Sr. Unsec’d. Notes, EMTN 2.375 09/25/28 EUR 4,700 4,718,956
Sr. Unsec’d. Notes, EMTN 2.750 02/26/34 EUR 10,200 9,915,392
Sr. Unsec’d. Notes, EMTN(a) 2.750 05/03/49 EUR 3,000 2,717,253
Sr. Unsec’d. Notes, EMTN 4.250 11/04/25 EUR 16,514 18,267,344
          42,775,988
Denmark 0.1%
Denmark Government Bond,          
Bonds(k) 1.750 11/15/25 DKK 3,520 500,695
Bonds(k) 4.500 11/15/39 DKK 1,800 362,585
Bonds, Series 10 YR(k) 0.500 11/15/27 DKK 12,110 1,633,335
Bonds, Series 10 YR(k) 0.500 11/15/29 DKK 4,300 569,510
Bonds, Series 30 YR(k) 0.250 11/15/52 DKK 5,000 489,366
          3,555,491
Egypt 0.1%
Egypt Government International Bond,          
Sr. Unsec’d. Notes, 144A 5.577 02/21/23   1,835 1,793,713
Sr. Unsec’d. Notes, 144A, MTN 4.750 04/16/26 EUR 700 493,650
          2,287,363
Estonia 0.0%
Estonia Government International Bond,
Sr. Unsec’d. Notes
0.125 06/10/30 EUR 100 84,274
Finland 0.0%
Finland Government Bond,
Sr. Unsec’d. Notes, 144A
0.125 04/15/52 EUR 100 66,425
Kuntarahoitus OYJ,
Local Gov’t. Gtd. Notes, EMTN
3.050 09/24/32 SEK 13,000 1,316,349
          1,382,774
43

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
France 0.6%
Caisse Francaise de Financement Local,
Covered Bonds, EMTN
4.680 % 03/09/29 CAD 28,712  $23,684,043
French Republic Government Bond OAT,
Bonds, 144A(k)
0.500 05/25/72 EUR 100 56,902
          23,740,945
Germany 0.0%
State of North Rhine-Westphalia,
Sr. Unsec’d. Notes, EMTN
7.500 06/08/27 MXN 500 23,343
Greece 2.4%
Hellenic Republic Government Bond,          
Bonds(a) 3.900 01/30/33 EUR 100 111,299
Bonds 4.300 02/24/25 EUR 1 1,076
Bonds 4.300 02/24/29 EUR 1 1,115
Bonds 4.300 02/24/30 EUR 2 2,199
Bonds 4.300 02/24/31 EUR 34 38,008
Bonds 4.300 02/24/32 EUR 60 67,748
Bonds 4.300 02/24/36 EUR 2 2,091
Bonds 4.300 02/24/39 EUR 1 1,015
Bonds, 144A 0.750 06/18/31 EUR 7,308 6,207,631
Bonds, 144A 1.500 06/18/30 EUR 4,000 3,660,820
Sr. Unsec’d. Notes, 144A 1.875 02/04/35 EUR 75,646 65,186,150
Sr. Unsec’d. Notes, 144A 1.875 01/24/52 EUR 7,585 5,006,633
Sr. Unsec’d. Notes, 144A 3.875 03/12/29 EUR 150 164,317
Hellenic Republic Government International Bond,          
Sr. Unsec’d. Notes 5.200 07/17/34 EUR 9,719 11,541,009
Sr. Unsec’d. Notes 6.140 04/14/28 EUR 5,200 6,214,644
          98,205,755
Guernsey 0.2%
States of Guernsey Bond,
Sr. Unsec’d. Notes
3.375 12/12/46 GBP 5,800 7,114,554
Hong Kong 0.0%
Airport Authority,          
Sr. Unsec’d. Notes, 144A 2.500 01/12/32   610 548,110
Sr. Unsec’d. Notes, EMTN 1.950 11/20/30 HKD 3,000 333,931
          882,041
44

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Hungary 0.1%
Hungary Government International Bond,          
Sr. Unsec’d. Notes 1.625 % 04/28/32 EUR 4,176  $3,423,267
Sr. Unsec’d. Notes, 144A 2.125 09/22/31   1,375 1,133,344
          4,556,611
Iceland 0.1%
Iceland Government International Bond,
Sr. Unsec’d. Notes
0.100 06/20/24 EUR 2,634 2,623,528
India 0.5%
Export-Import Bank of India,          
Sr. Unsec’d. Notes, 144A, MTN 2.250 01/13/31   4,400 3,572,404
Sr. Unsec’d. Notes, 144A, MTN 3.250 01/15/30   2,910 2,616,264
Sr. Unsec’d. Notes, EMTN 3.250 01/15/30   363 326,359
Sr. Unsec’d. Notes, Series 03 0.590 09/05/22 JPY 1,700,000 12,740,439
          19,255,466
Indonesia 1.4%
Indonesia Government International Bond,          
Sr. Unsec’d. Notes 0.900 02/14/27 EUR 10,300 9,525,723
Sr. Unsec’d. Notes 1.000 07/28/29 EUR 8,500 7,206,762
Sr. Unsec’d. Notes 1.100 03/12/33 EUR 3,415 2,578,753
Sr. Unsec’d. Notes 1.400 10/30/31 EUR 9,560 7,812,364
Sr. Unsec’d. Notes 1.450 09/18/26 EUR 3,400 3,244,319
Sr. Unsec’d. Notes 1.750 04/24/25 EUR 2,600 2,600,995
Sr. Unsec’d. Notes 3.375 07/30/25 EUR 1,505 1,560,585
Sr. Unsec’d. Notes, EMTN 2.625 06/14/23 EUR 5,700 5,879,572
Sr. Unsec’d. Notes, EMTN 3.750 06/14/28 EUR 13,980 14,353,449
Sr. Unsec’d. Notes, Series 05 0.920 05/31/23 JPY 100,000 753,562
Sr. Unsec’d. Notes, Series 09 0.830 05/22/24 JPY 200,000 1,502,437
          57,018,521
Ireland 0.0%
Ireland Government Bond,
Sr. Unsec’d. Notes
0.550 04/22/41 EUR 100 81,734
45

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Israel 0.2%
Israel Government International Bond,          
Sr. Unsec’d. Notes 4.500 % 04/03/2120   1,240  $1,162,500
Sr. Unsec’d. Notes, EMTN 6.875 10/21/34 GBP 3,435 5,682,340
          6,844,840
Italy 4.0%
Cassa Del Trentino SPA,
Local Gov’t. Gtd. Notes, EMTN
1.160 06/17/26 EUR 1,242 1,245,786
Region of Lazio,
Sr. Unsec’d. Notes
3.088 03/31/43 EUR 6,593 6,495,309
Region of Umbria,
Sr. Unsec’d. Notes
0.000(cc) 03/26/31 EUR 981 922,320
Repubic of Italy Government International Bond
Coupon Strips,
         
Sr. Unsec’d. Notes 3.486(s) 03/27/23   775 755,142
Sr. Unsec’d. Notes 1.737(s) 02/20/31 EUR 5,324 4,118,374
Republic of Italy Government International Bond,          
Sr. Unsec’d. Notes(a) 2.875 10/17/29   3,300 2,888,024
Sr. Unsec’d. Notes, EMTN 3.444 12/31/24 EUR 211 218,415
Sr. Unsec’d. Notes, EMTN, EURIBOR ICE SWAP 11:00 Fft 30Y Index + 0.000% (Cap N/A, Floor 4.250%) 4.250(c) 06/28/29 EUR 7,892 8,724,609
Sr. Unsec’d. Notes, EMTN 4.425 03/28/36 EUR 1,400 1,547,812
Sr. Unsec’d. Notes, EMTN 5.250 12/07/34 GBP 17,018 23,106,182
Sr. Unsec’d. Notes, EMTN(a) 5.345 01/27/48 EUR 2,100 2,676,190
Sr. Unsec’d. Notes, EMTN 6.000 08/04/28 GBP 69,287 95,393,387
Sr. Unsec’d. Notes, MTN(a) 5.375 06/15/33   11,108 11,861,773
Sr. Unsec’d. Notes, Series 67, EMTN, EURIBOR ICE SWAP 11:00 Fft 10Y Index + 0.000% (Cap 8.800%, Floor 0.000%) 1.972(c) 05/11/26 EUR 3,000 3,011,266
          162,964,589
Japan 0.6%
Agriculture Forestry & Fisheries Finance Corp.,
Sr. Sec’d. Notes, Series 12
2.240 03/19/27 JPY 100,000 825,038
Honshu-Shikoku Bridge,
Sr. Sec’d. Notes, Series 05
2.230 12/20/24 JPY 200,000 1,577,684
Japan Government Ten Year Bond,
Bonds, Series 360(k)
0.100 09/20/30 JPY 100,000 749,451
Japan Government Thirty Year Bond,          
Bonds, Series 66(k) 0.400 03/20/50 JPY 450,000 2,802,250
46

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Japan (cont’d.)
Japan Government Thirty Year Bond, (cont’d.)          
Bonds, Series 69(k) 0.700 % 12/20/50 JPY 400,000  $2,665,649
Japan Government Twenty Year Bond,          
Bonds, Series 149(k) 1.500 06/20/34 JPY 50,000 425,015
Bonds, Series 150(k) 1.400 09/20/34 JPY 145,000 1,220,677
Bonds, Series 157(k) 0.200 06/20/36 JPY 224,100 1,616,567
Bonds, Series 159(k) 0.600 12/20/36 JPY 665,000 5,045,192
Bonds, Series 165(k) 0.500 06/20/38 JPY 407,000 2,997,871
Bonds, Series 171(k) 0.300 12/20/39 JPY 300,000 2,094,579
     
 
Japan Housing Finance Agency,
Sr. Sec’d. Notes, Series 102
1.441 03/19/27 JPY 100,000 796,213
Japanese Government CPI Linked Bond,
Bonds, Series 22
0.100 03/10/27 JPY 225,357 1,790,910
          24,607,096
Kazakhstan 0.4%
Kazakhstan Government International Bond,          
Sr. Unsec’d. Notes, EMTN 0.600 09/30/26 EUR 2,000 1,788,587
Sr. Unsec’d. Notes, EMTN 1.500 09/30/34 EUR 5,700 4,053,584
Sr. Unsec’d. Notes, EMTN 2.375 11/09/28 EUR 12,615 11,549,855
          17,392,026
Latvia 0.0%
Latvia Government International Bond,
Unsec’d. Notes, GMTN
0.000 03/17/31 EUR 100 83,444
Lithuania 0.0%
Lithuania Government Bond,
Bonds, Series 07 YR
0.600 06/29/23 EUR 200 203,850
Lithuania Government International Bond,
Sr. Unsec’d. Notes, EMTN
0.750 05/06/30 EUR 100 89,417
          293,267
Luxembourg 0.0%
State of the Grand-Duchy of Luxembourg,
Sr. Unsec’d. Notes
0.000 09/14/32 EUR 100 87,631
Macedonia 0.0%
North Macedonia Government International Bond,
Sr. Unsec’d. Notes
5.625 07/26/23 EUR 1,000 1,029,588
47

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Malaysia 0.1%
1MDB Global Investments Ltd.,
Sr. Unsec’d. Notes
4.400 % 03/09/23   2,000  $1,919,750
Malaysia Government Bond,
Bonds, Series 0220
2.632 04/15/31 MYR 10,000 2,031,255
          3,951,005
Mexico 1.2%
Mexico Government International Bond,          
Sr. Unsec’d. Notes 1.125 01/17/30 EUR 10,100 8,414,940
Sr. Unsec’d. Notes 1.350 09/18/27 EUR 500 463,142
Sr. Unsec’d. Notes 1.450 10/25/33 EUR 4,825 3,566,937
Sr. Unsec’d. Notes 1.625 04/08/26 EUR 200 194,483
Sr. Unsec’d. Notes(a) 2.875 04/08/39 EUR 5,000 3,878,360
Sr. Unsec’d. Notes 4.000 03/15/2115 EUR 950 739,619
Sr. Unsec’d. Notes, EMTN 1.750 04/17/28 EUR 800 733,474
Sr. Unsec’d. Notes, EMTN 5.625 03/19/2114 GBP 340 335,589
Sr. Unsec’d. Notes, GMTN 6.750 02/06/24 GBP 13,633 17,143,601
Sr. Unsec’d. Notes, Series 25 0.600 04/20/23 JPY 700,000 5,263,452
Sr. Unsec’d. Notes, Series 26 0.850 04/18/25 JPY 500,000 3,741,413
Sr. Unsec’d. Notes, Series 28 2.000 04/20/38 JPY 300,000 1,961,288
Sr. Unsec’d. Notes, Series A, MTN 7.500 04/08/33   875 1,066,237
          47,502,535
Montenegro 0.0%
Montenegro Government International Bond,
Sr. Unsec’d. Notes, 144A
3.375 04/21/25 EUR 750 687,872
Netherlands 0.0%
Netherlands Government Bond,
Bonds, 144A
0.000 01/15/52 EUR 100 67,620
New Zealand 0.1%
Auckland Council,          
Sr. Sec’d. Notes 2.900 09/16/27 AUD 1,000 640,184
Sr. Sec’d. Notes 3.500 03/09/26 AUD 2,000 1,359,845
New Zealand Local Government Funding Agency
Bond,
         
Local Gov’t. Gtd. Notes 2.000 04/15/37 NZD 2,100 977,723
Local Gov’t. Gtd. Notes 3.500 04/14/33 NZD 2,900 1,722,931
          4,700,683
48

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Panama 0.3%
Panama Government International Bond,
Sr. Unsec’d. Notes
8.125 % 04/28/34   10,732  $13,307,680
Peru 1.3%
Peru Government Bond,
Sr. Unsec’d. Notes
5.350 08/12/40 PEN 22,000 4,057,692
Peruvian Government International Bond,          
Sr. Unsec’d. Notes(a) 1.250 03/11/33 EUR 1,200 909,114
Sr. Unsec’d. Notes 2.750 01/30/26 EUR 36,018 36,531,504
Sr. Unsec’d. Notes 3.750 03/01/30 EUR 9,408 9,615,446
Sr. Unsec’d. Notes 6.950 08/12/31 PEN 9,000 2,116,376
          53,230,132
Philippines 0.9%
Philippine Government International Bond,          
Sr. Unsec’d. Notes 0.000 02/03/23 EUR 2,000 2,029,791
Sr. Unsec’d. Notes 0.250 04/28/25 EUR 690 659,288
Sr. Unsec’d. Notes 0.700 02/03/29 EUR 5,365 4,648,123
Sr. Unsec’d. Notes 1.200 04/28/33 EUR 1,350 1,067,595
Sr. Unsec’d. Notes 1.750 04/28/41 EUR 1,085 787,336
Sr. Unsec’d. Notes, EMTN 0.875 05/17/27 EUR 7,000 6,451,435
Sr. Unsec’d. Notes, Series 11 0.990 08/15/28 JPY 1,100,000 8,279,903
Sr. Unsec’d. Notes, Series 15 0.590 08/15/29 JPY 1,700,000 12,253,142
          36,176,613
Poland 0.0%
Republic of Poland Government International Bond,
Sr. Unsec’d. Notes, EMTN
3.220 08/04/34 JPY 100,000 931,927
Portugal 1.2%
Autonomous Region of the Azores,
Sr. Unsec’d. Notes
0.603 07/21/26 EUR 1,000 991,317
Metropolitano de Lisboa EPE,
Gov’t. Gtd. Notes
4.799 12/07/27 EUR 5,800 6,945,246
Portugal Obrigacoes do Tesouro OT,          
Sr. Unsec’d. Notes, 144A 4.100 02/15/45 EUR 23,075 30,871,671
Unsec’d. Notes, 144A 1.000 04/12/52 EUR 4,000 2,793,304
     
 
Regiao Autonoma Madeira,
Gov’t. Gtd. Notes
0.943 05/29/32 EUR 8,750 8,032,278
          49,633,816
49

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Romania 0.4%
Romania Government Bond,          
Bonds, Series 05 YR 3.650 % 07/28/25 RON 1,000  $183,007
Bonds, Series 15YR 3.650 09/24/31 RON 2,000 300,017
Romanian Government International Bond,          
Sr. Unsec’d. Notes, 144A, MTN 2.500 02/08/30 EUR 4,150 3,500,039
Sr. Unsec’d. Notes, EMTN 2.124 07/16/31 EUR 2,000 1,525,154
Sr. Unsec’d. Notes, EMTN 2.375 04/19/27 EUR 1,000 935,176
Sr. Unsec’d. Notes, EMTN 3.375 02/08/38 EUR 2,138 1,597,613
Sr. Unsec’d. Notes, EMTN 3.500 04/03/34 EUR 1,000 794,836
Sr. Unsec’d. Notes, EMTN 3.875 10/29/35 EUR 1,000 817,512
Sr. Unsec’d. Notes, EMTN 4.125 03/11/39 EUR 2,966 2,355,587
Sr. Unsec’d. Notes, MTN 2.875 05/26/28 EUR 700 630,388
Unsec’d. Notes, 144A, MTN 2.124 07/16/31 EUR 3,600 2,745,277
Unsec’d. Notes, 144A, MTN 2.875 05/26/28 EUR 1,100 990,609
          16,375,215
Russia 0.5%
Russian Federal Bond - OFZ,
Bonds, Series 6224
6.900 05/23/29(d) RUB 61,000 215,150
Russian Foreign Bond - Eurobond,          
Sr. Unsec’d. Notes 2.650 05/27/36(d) EUR 5,200 1,913,278
Sr. Unsec’d. Notes 2.875 12/04/25 EUR 23,100 8,971,555
Sr. Unsec’d. Notes 4.250 06/23/27(d)   2,000 780,000
Sr. Unsec’d. Notes 4.375 03/21/29(d)   2,400 912,000
Sr. Unsec’d. Notes 5.100 03/28/35   6,000 2,940,000
Sr. Unsec’d. Notes 5.250 06/23/47(d)   1,000 400,000
Sr. Unsec’d. Notes 5.625 04/04/42   1,200 504,000
Sr. Unsec’d. Notes, 144A 4.875 09/16/23   3,400 1,734,000
          18,369,983
San Marino 0.0%
San Marino Government Bond,
Sr. Unsec’d. Notes
3.250 02/24/24 EUR 469 482,444
Saudi Arabia 0.3%
Saudi Government International Bond,          
Sr. Unsec’d. Notes 2.000 07/09/39 EUR 7,811 6,506,334
Sr. Unsec’d. Notes, 144A 2.000 07/09/39 EUR 5,945 4,952,011
Sr. Unsec’d. Notes, EMTN 0.625 03/03/30 EUR 600 527,378
          11,985,723
50

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Serbia 0.8%
Serbia International Bond,          
Sr. Unsec’d. Notes 1.500 % 06/26/29 EUR 6,000  $4,631,036
Sr. Unsec’d. Notes 3.125 05/15/27 EUR 20,595 19,083,132
Sr. Unsec’d. Notes, 144A(a) 2.125 12/01/30   13,215 9,746,063
          33,460,231
Singapore 0.0%
Housing & Development Board,
Sr. Unsec’d. Notes, MTN
2.320 01/24/28 SGD 500 350,369
Slovakia 0.0%
Slovakia Government Bond,
Sr. Unsec’d. Notes, Series 242
0.375 04/21/36 EUR 100 78,587
Slovenia 0.0%
Slovenia Government Bond,
Unsec’d. Notes, Series RS86
0.000 02/12/31 EUR 100 87,479
South Africa 0.1%
Republic of South Africa Government International Bond,
Sr. Unsec’d. Notes
3.750 07/24/26 EUR 5,415 5,410,914
South Korea 0.1%
Export-Import Bank of Korea,          
Sr. Unsec’d. Notes, 144A, MTN 6.700 12/02/24 IDR 40,000 2,729
Sr. Unsec’d. Notes, 144A, MTN 8.000 05/15/24 IDR 6,800,000 474,714
Sr. Unsec’d. Notes, EMTN 3.130 04/26/23 HKD 4,000 516,516
Sr. Unsec’d. Notes, EMTN 4.140 09/04/23 CNH 5,000 747,445
Sr. Unsec’d. Notes, EMTN 7.250 12/07/24 IDR 10,000,000 688,589
Sr. Unsec’d. Notes, EMTN 8.000 05/15/24 IDR 19,600,000 1,365,558
Sr. Unsec’d. Notes, GMTN 2.600 11/08/23 AUD 919 631,591
          4,427,142
Spain 2.1%
Autonomous Community of Catalonia,          
Sr. Unsec’d. Notes 4.690 10/28/34 EUR 579 697,502
Sr. Unsec’d. Notes, EMTN, EURIBOR ICE SWAP 11:00 Fft 10Y Index + 0.000% (Cap 12.000%, Floor 5.480%) 5.480(c) 05/11/29 EUR 1,000 1,219,113
51

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Spain (cont’d.)
Autonomous Community of Catalonia, (cont’d.)          
Sr. Unsec’d. Notes, EMTN 5.900 % 05/28/30 EUR 3,250  $4,099,299
Sr. Unsec’d. Notes, EMTN 6.350 11/30/41 EUR 2,100 3,017,692
     
 
Instituto de Credito Oficial,
Gov’t. Gtd. Notes, GMTN
0.963 09/22/22 SEK 32,000 3,147,822
Spain Government Bond,          
Sr. Unsec’d. Notes, 144A(k) 1.000 10/31/50 EUR 10,600 7,546,993
Sr. Unsec’d. Notes, 144A(k) 1.200 10/31/40 EUR 2,500 2,112,761
Sr. Unsec’d. Notes, 144A(k) 1.850 07/30/35 EUR 7,225 7,195,568
Sr. Unsec’d. Notes, 144A(k) 3.450 07/30/66 EUR 4,200 5,089,533
Spain Government Bond Coupon Strips,          
Bonds(k) 0.449(s) 07/30/29 EUR 438 401,995
Bonds(k) 0.246(s) 01/31/32 EUR 3,900 3,287,550
Bonds(k) 0.320(s) 01/31/33 EUR 2,100 1,735,830
Bonds(k) 0.958(s) 01/31/35 EUR 168 129,558
Bonds(k) 1.027(s) 01/31/36 EUR 168 125,333
Bonds(k) 1.078(s) 01/31/37 EUR 168 122,261
Bonds 1.296(s) 07/30/41 EUR 436 278,608
Bonds, Series CAC 0.579(s) 07/30/29 EUR 3,600 3,293,542
Bonds, Series CAC 1.128(s) 07/30/36 EUR 862 640,020
Bonds, Series CAC 1.212(s) 07/30/37 EUR 862 619,778
Bonds, Series CAC 1.297(s) 07/30/38 EUR 862 602,549
Bonds, Series CAC 1.365(s) 07/30/42 EUR 300 187,855
Bonds, Series CAC 1.405(s) 07/30/43 EUR 300 180,763
Bonds, Series CAC(k) 1.455(s) 07/30/44 EUR 300 177,951
Bonds, Series CAC 1.475(s) 07/30/45 EUR 300 173,111
Bonds, Series CAC 1.485(s) 07/30/46 EUR 300 168,299
Bonds, Series CAC 1.504(s) 07/30/47 EUR 300 164,031
Bonds, Series CAC 1.514(s) 07/30/48 EUR 300 159,897
Bonds, Series CAC 1.544(s) 07/30/49 EUR 300 155,445
Bonds, Series CAC 1.564(s) 07/30/50 EUR 300 145,913
Bonds, Series CAC(k) 1.594(s) 07/30/51 EUR 300 145,951
Bonds, Series CAC 1.623(s) 07/30/52 EUR 300 140,563
Bonds, Series CAC 1.663(s) 07/30/53 EUR 300 134,798
Bonds, Series CAC 1.683(s) 07/30/54 EUR 300 130,997
Bonds, Series CAC 1.703(s) 07/30/55 EUR 300 126,375
Bonds, Series CAC 1.732(s) 07/30/56 EUR 300 121,168
Bonds, Series CAC 1.772(s) 07/30/57 EUR 300 116,743
Bonds, Series CAC 1.782(s) 07/30/58 EUR 300 111,008
Bonds, Series CAC 1.812(s) 07/30/59 EUR 300 107,828
Bonds, Series CAC 1.851(s) 07/30/60 EUR 300 101,125
Bonds, Series CAC 1.871(s) 07/30/61 EUR 300 95,892
52

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Spain (cont’d.)
Spain Government Bond Coupon Strips, (cont’d.)          
Bonds, Series CAC 1.891 %(s) 07/30/62 EUR 300  $89,591
Bonds, Series CAC 1.921(s) 07/30/63 EUR 300 86,385
Bonds, Series CAC 1.950(s) 07/30/64 EUR 300 81,886
Bonds, Series CAC 1.980(s) 07/30/65 EUR 300 77,806
Bonds, Series CAC 2.010(s) 07/30/66 EUR 300 76,717
     
 
Spain Government Bond Principal Strips,
Bonds(k)
0.794(s) 07/30/41 EUR 1,700 1,081,834
Spain Government International Bond,          
Sr. Unsec’d. Notes, EMTN 5.010 11/21/44   10,500 12,217,396
Sr. Unsec’d. Notes, EMTN 5.250 04/06/29 GBP 16,090 22,557,585
          84,478,220
Sweden 0.0%
Svensk Exportkredit AB,          
Sr. Unsec’d. Notes, EMTN 8.904(s) 06/25/27 ZAR 1,400 54,207
Sr. Unsec’d. Notes, MTN 2.665(s) 05/11/37   110 61,851
     
 
Sweden Government Bond,
Bonds, Series 1053(k)
3.500 03/30/39 SEK 10,000 1,297,015
          1,413,073
Thailand 0.0%
Thailand Government Bond,
Sr. Unsec’d. Notes
3.650 06/20/31 THB 45,000 1,327,611
Tunisia 0.0%
Tunisian Republic,
Sr. Unsec’d. Notes
4.200 03/17/31 JPY 100,000 337,507
Turkey 0.1%
Turkey Government International Bond,          
Sr. Unsec’d. Notes 4.625 03/31/25 EUR 5,000 4,755,088
Sr. Unsec’d. Notes 5.750 03/22/24   1,000 939,562
          5,694,650
Ukraine 0.3%
Ukraine Government International Bond,          
Sr. Unsec’d. Notes 4.375 01/27/30 EUR 3,736 681,580
Sr. Unsec’d. Notes 6.750 06/20/26(d) EUR 31,299 6,157,910
53

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Ukraine (cont’d.)
Ukraine Government International Bond, (cont’d.)          
Sr. Unsec’d. Notes 7.375 % 09/25/32   3,600  $678,600
Sr. Unsec’d. Notes 7.750 09/01/24   1,875 356,250
Sr. Unsec’d. Notes 7.750 09/01/25   400 72,000
Sr. Unsec’d. Notes 7.750 09/01/26   500 90,000
Sr. Unsec’d. Notes, 144A 4.375 01/27/30 EUR 9,705 1,770,541
Sr. Unsec’d. Notes, 144A 7.253 03/15/33   1,560 294,060
          10,100,941
United Arab Emirates 0.3%
Dubai DOF Sukuk Ltd.,
Sr. Unsec’d. Notes
5.000 04/30/29   5,000 5,277,500
Sharjah Sukuk Program Ltd.,          
Sr. Unsec’d. Notes, EMTN 3.854 04/03/26   4,000 3,865,750
Sr. Unsec’d. Notes, EMTN 4.226 03/14/28   1,200 1,141,725
          10,284,975
United Kingdom 1.0%
HM Treasury UK Sovereign Sukuk PLC,
Unsec’d. Notes
0.333 07/22/26 GBP 500 574,223
Isle of Man Government International Bond,          
Unsec’d. Notes 5.375 08/14/34 GBP 10,311 15,764,773
Unsec’d. Notes 5.625 03/29/30 GBP 5,041 7,436,930
     
 
Jersey International Bond,
Sr. Unsec’d. Notes
3.750 06/09/54 GBP 834 1,114,117
Transport for London,          
Sr. Unsec’d. Notes, EMTN 4.000 09/12/33 GBP 1,000 1,253,054
Sr. Unsec’d. Notes, EMTN 4.500 03/31/31 GBP 4,237 5,472,568
Sr. Unsec’d. Notes, EMTN 5.000 03/31/35 GBP 3,464 4,673,285
United Kingdom Gilt,          
Bonds(k) 1.250 10/22/41 GBP 100 100,084
Bonds(k) 1.250 07/31/51 GBP 100 92,598
Bonds(k) 1.500 07/22/47 GBP 100 100,095
Bonds(k) 1.625 10/22/71 GBP 100 99,666
Bonds(k) 1.750 01/22/49 GBP 100 105,841
Bonds(k) 1.750 07/22/57 GBP 100 105,090
Bonds(k) 2.500 07/22/65 GBP 100 129,504
Bonds(k) 3.250 01/22/44 GBP 100 137,378
Bonds(k) 3.500 07/22/68 GBP 100 164,044
Bonds(k) 3.750 07/22/52 GBP 100 157,040
Bonds(k) 4.000 01/22/60 GBP 100 173,133
54

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
United Kingdom (cont’d.)
United Kingdom Gilt, (cont’d.)          
Bonds(k) 4.250 % 03/07/36 GBP 300  $451,597
Bonds(k) 4.250 09/07/39 GBP 180 276,495
Bonds(k) 4.250 12/07/40 GBP 100 154,865
Bonds(k) 4.250 12/07/46 GBP 30 48,237
Bonds(k) 4.250 12/07/49 GBP 100 165,126
Bonds(k) 4.250 12/07/55 GBP 100 174,754
Bonds(k) 4.500 12/07/42 GBP 100 161,753
Bonds(k) 4.750 12/07/38 GBP 100 162,107
Unsec’d. Notes(k) 0.875 01/31/46 GBP 100 87,632
Unsec’d. Notes(k) 1.125 01/31/39 GBP 100 101,006
          39,436,995
Uruguay 0.1%
Uruguay Government International Bond,
Sr. Unsec’d. Notes
6.875 09/28/25   2,202 2,382,702
     
 
Total Sovereign Bonds
(cost $1,490,474,605)
1,147,590,413
U.S. Government Agency Obligations 1.0%
Federal National Mortgage Assoc. 5.375 12/07/28 GBP 19,307 27,836,062
Tennessee Valley Authority
Sr. Unsec’d. Notes
5.625 06/07/32 GBP 8,000 12,257,537
     
 
Total U.S. Government Agency Obligations
(cost $48,069,395)
40,093,599
U.S. Treasury Obligations(h) 0.3%
U.S. Treasury Bonds 1.125 08/15/40   2,705 1,918,859
U.S. Treasury Bonds 2.250 05/15/41   545 466,145
U.S. Treasury Notes 1.375 02/15/23   1,825 1,809,958
U.S. Treasury Notes 1.500 11/30/28   55 51,064
U.S. Treasury Notes 1.750 03/15/25   640 622,150
U.S. Treasury Notes 1.875 02/15/32   2,385 2,226,621
U.S. Treasury Notes 2.875 04/30/29   895 903,670
U.S. Treasury Notes 2.875 05/15/32   4,035 4,106,874
U.S. Treasury Strips Coupon 1.888(s) 08/15/29   345 284,423
U.S. Treasury Strips Coupon 1.872(s) 05/15/31   85 66,672
U.S. Treasury Strips Coupon 2.089(s) 11/15/35   800 542,031
55

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
U.S. Treasury Obligations (Continued)
U.S. Treasury Strips Coupon 2.251 %(s) 08/15/40   800  $445,688
     
 
Total U.S. Treasury Obligations
(cost $14,219,692)
13,444,155
    
      Shares  
Common Stocks 0.3%
Spain 0.0%
Codere New Topco SA^       16,439
United States 0.3%
Chesapeake Energy Corp.       135,400 12,750,618
Chesapeake Energy Corp. Backstop Commitment       1,212 114,134
Ferrellgas Partners LP (Class B Stock)       2,731 458,808
          13,323,560
     
 
Total Common Stocks
(cost $1,669,440)
13,323,560
Preferred Stock 0.0%
United States 
Citigroup Capital XIII, 9.176%(c), 3 Month LIBOR + 6.370%, Maturing 10/30/40
(cost $100,000)
      4,000 109,320
     
 
 
Total Long-Term Investments
(cost $4,734,751,747)
3,954,643,849
 
Short-Term Investments 2.5%
Affiliated Mutual Fund 2.4%
PGIM Institutional Money Market Fund
(cost $98,406,325; includes $98,269,706 of cash collateral for securities on loan)(b)(we)
    98,507,467 98,408,960
Options Purchased*~ 0.1%
(cost $1,021,778) 2,120,183
     
 
 
Total Short-Term Investments
(cost $99,428,103)
100,529,143
     
 
56

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description       Value
 
     
TOTAL INVESTMENTS, BEFORE OPTIONS WRITTEN100.5%
(cost $4,834,179,850)
 $4,055,172,992
Options Written*~ (0.1)%
(premiums received $1,283,236) (2,720,561)
 
TOTAL INVESTMENTS, NET OF OPTIONS WRITTEN100.4%
(cost $4,832,896,614)
4,052,452,431
Liabilities in excess of other assets(z) (0.4)% (14,450,096)
 
Net Assets 100.0% $4,038,002,335

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
DKK—Danish Krone
EUR—Euro
GBP—British Pound
HKD—Hong Kong Dollar
HUF—Hungarian Forint
IDR—Indonesian Rupiah
ILS—Israeli Shekel
ITL—Italian Lira
JPY—Japanese Yen
KRW—South Korean Won
MXN—Mexican Peso
MYR—Malaysian Ringgit
NOK—Norwegian Krone
NZD—New Zealand Dollar
PEN—Peruvian Nuevo Sol
PLN—Polish Zloty
RON—Romanian Leu
RUB—Russian Ruble
SAR—Saudi Arabian Riyal
SEK—Swedish Krona
SGD—Singapore Dollar
THB—Thai Baht
USD—US 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
ABS—Asset-Backed Security
AID—Agency for International Development
57

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
BBR—New Zealand Bank Bill Rate
BBSW—Australian Bank Bill Swap Reference Rate
BUBOR—Budapest Interbank Offered Rate
CAC—French Stock Market Index
CDOR—Canadian Dollar Offered Rate
CDX—Credit Derivative Index
CIBOR—Copenhagen Interbank Offered Rate
CLO—Collateralized Loan Obligation
CLOIS—Sinacofi Chile Interbank Rate Average
CME—Chicago Mercantile Exchange
CPI—Consumer Price Index
EMTN—Euro Medium Term Note
EURIBOR—Euro Interbank Offered Rate
EuroSTR—Euro Short-Term Rate
FHLMC—Federal Home Loan Mortgage Corporation
GMTN—Global Medium Term Note
HICP—Harmonised Index of Consumer Prices
ICE—Intercontinental Exchange
IO—Interest Only (Principal amount represents notional)
iTraxx—International Credit Derivative Index
JIBAR—Johannesburg Interbank Agreed Rate
KLIBOR—Kuala Lumpur Interbank Offered Rate
KWCDC—Korean Won Certificate of Deposit
LIBOR—London Interbank Offered Rate
LP—Limited Partnership
M—Monthly payment frequency for swaps
MASTR—Morgan Stanley Structured Asset Security
MPLE—Maple Bonds
MTN—Medium Term Note
NIBOR—Norwegian Interbank Offered Rate
OAT—Obligations Assimilables du Tresor
OFZ—Obligatsyi Federal’novo Zaima (Federal Loan Obligations)
OTC—Over-the-counter
PIK—Payment-in-Kind
PJSC—Public Joint-Stock Company
PRIBOR—Prague Interbank Offered Rate
Q—Quarterly payment frequency for swaps
REMIC—Real Estate Mortgage Investment Conduit
REMICS—Real Estate Mortgage Investment Conduit Security
S—Semiannual payment frequency for swaps
SAIBOR—Saudi Arabian Interbank Offered Rate
SARON—Swiss Average Rate Overnight
SIBOR—Singapore Interbank Offered Rate
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
TELBOR—Tel Aviv Interbank Offered Rate
THBFIX—Thai Baht Interest Rate Fixing
THOR—Thai Overnight Repurchase Rate
TONAR—Tokyo Overnight Average Rate
USOIS—United States Overnight Index Swap
58

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
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 $53,599,710 and 1.3% 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 $92,027,902; cash collateral of $98,269,706 (included in liabilities) was received with which the Fund 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 Fund 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 July 31, 2022.
(cc) Variable rate instrument. The rate shown is based on the latest available information as of July 31, 2022. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description.
(d) Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity.
(ff) Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end.
(h) Represents security, or a portion thereof, segregated as collateral for OTC derivatives.
(jj) Represents original contract currency denomination, settlement to occur in Euro currency.
(k) Represents security, or a portion thereof, segregated as collateral for centrally cleared/exchange-traded derivatives.
(oo) Perpetual security. Maturity date represents next call date.
(r) Principal or notional amount is less than $500 par.
(s) Represents zero coupon bond or principal only security. Rate represents yield to maturity at purchase date.
(we) PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Institutional Money Market Fund.
(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
2- Year Interest Rate Swap, 05/21/25   Call   Deutsche Bank AG   05/17/23   2.05%   2.05%(A)   3 Month SAIBOR(Q)   SAR 304,125    $80,967
2- Year Interest Rate Swap, 05/21/25   Put   Deutsche Bank AG   05/17/23   2.05%   3 Month SAIBOR(Q)   2.05%(A)   SAR 304,125   2,039,216
Total Options Purchased (cost $1,021,778)       $2,120,183
59

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Options Written:
OTC Swaptions
Description   Call/
Put
  Counterparty   Expiration
Date
  Strike   Receive   Pay   Notional
Amount
(000)#
  Value
2- Year Interest Rate Swap, 05/19/25   Call   Deutsche Bank AG   05/17/23   1.13%   3 Month LIBOR(Q)   1.13%(S)     81,100    $(80,452)
2- Year Interest Rate Swap, 05/19/25   Put   Deutsche Bank AG   05/17/23   1.13%   1.13%(S)   3 Month LIBOR(Q)     81,100   (2,617,949)
GS_21-PJ2A^   Put   Goldman Sachs International   11/15/24   0.50%   0.50%(M)   GS_21-PJ2A(M)     36,100   (1,118)
GS_21-PJA††^   Put   Goldman Sachs International   06/17/24   0.25%   0.25%(M)   GS_21-PJA(M)     69,580   (1,943)
iTraxx.XO.36.V1, 12/20/26   Put   Barclays Bank PLC   09/21/22   8.00%   5.00%(Q)   iTraxx.XO. 36.V1(Q)   EUR 5,000   (8,266)
iTraxx.XO.36.V1, 12/20/26^   Put   Barclays Bank PLC   09/21/22   9.00%   5.00%(Q)   iTraxx.XO. 36.V1(Q)   EUR 5,000   (10,833)
Total Options Written (premiums received $1,283,236)       $(2,720,561)
†† The value of the contract, GS_21-PJA, is derived from a pool of senior prime jumbo mortgages.
    
Futures contracts outstanding at July 31, 2022:
Number
of
Contracts
  Type   Expiration
Date
  Current
Notional
Amount
  Value /
Unrealized
Appreciation
(Depreciation)
Long Positions:
524   2 Year U.S. Treasury Notes   Sep. 2022    $110,281,532    $863,346
951   5 Year U.S. Treasury Notes   Sep. 2022   108,153,959   2,175,256
1,589   10 Year U.S. Treasury Notes   Sep. 2022   192,492,461   4,780,109
1,297   20 Year U.S. Treasury Bonds   Sep. 2022   186,768,000   5,590,368
909   30 Year U.S. Ultra Treasury Bonds   Sep. 2022   143,906,062   2,464,371
2,207   Japanese Yen Currency   Sep. 2022   207,637,319   (5,969,207)
                9,904,243
Short Positions:
510   3 Month CME SOFR   Sep. 2022   125,026,500   2,435,317
1,628   5 Year Euro-Bobl   Sep. 2022   212,762,561   (4,972,362)
93   10 Year Canadian Government Bonds   Sep. 2022   9,473,937   (188,225)
1,122   10 Year Euro-Bund   Sep. 2022   180,772,109   (6,312,001)
743   10 Year U.K. Gilt   Sep. 2022   106,932,266   11,806
868   10 Year U.S. Ultra Treasury Notes   Sep. 2022   113,925,000   (2,784,309)
46   30 Year Euro Buxl   Sep. 2022   8,735,257   (567,671)
60

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Futures contracts outstanding at July 31, 2022 (continued):
Number
of
Contracts
  Type   Expiration
Date
  Current
Notional
Amount
  Value /
Unrealized
Appreciation
(Depreciation)
Short Positions (cont’d):
473   Euro Currency   Sep. 2022    $60,629,731    $2,959,948
1,192   Euro Schatz Index   Sep. 2022   134,175,664   (857,221)
                (10,274,718)
                $(370,475)
Forward foreign currency exchange contracts outstanding at July 31, 2022:
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 10/19/22   Bank of America, N.A.   AUD 17,159    $11,667,019    $12,002,938    $335,919    $
Expiring 10/31/23   JPMorgan Chase Bank, N.A.   AUD 4,867   3,379,499   3,400,322   20,823  
British Pound,
Expiring 10/19/22   Deutsche Bank AG   GBP 2,394   2,852,823   2,920,894   68,071  
Canadian Dollar,
Expiring 10/19/22   Morgan Stanley & Co. International PLC   CAD 43,866   33,771,584   34,245,812   474,228  
Chilean Peso,
Expiring 09/21/22   BNP Paribas S.A.   CLP 2,240,117   2,682,774   2,462,609     (220,165)
Chinese Renminbi,
Expiring 08/23/22   Citibank, N.A.   CNH 950,319   138,884,815   140,825,636   1,940,821  
Expiring 08/23/22   Citibank, N.A.   CNH 118,510   17,445,899   17,561,723   115,824  
Expiring 08/23/22   Citibank, N.A.   CNH 118,510   17,357,744   17,561,724   203,980  
Expiring 08/23/22   JPMorgan Chase Bank, N.A.   CNH 116,741   17,121,744   17,299,608   177,864  
Expiring 08/23/22   Morgan Stanley & Co. International PLC   CNH 20,068   2,992,001   2,973,784     (18,217)
Expiring 08/23/22   The Toronto-Dominion Bank   CNH 165,000   24,167,936   24,450,970   283,034  
Expiring 08/23/22   The Toronto-Dominion Bank   CNH 77,863   11,615,050   11,538,371     (76,679)
Expiring 08/23/22   The Toronto-Dominion Bank   CNH 6,535   978,520   968,376     (10,144)
Colombian Peso,
Expiring 09/21/22   Citibank, N.A.   COP 46,672,031   12,065,412   10,784,811     (1,280,601)
Czech Koruna,
Expiring 10/19/22   Citibank, N.A.   CZK 72,053   2,923,260   2,960,176   36,916  
61

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at July 31, 2022 (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.):
Czech Koruna (cont’d.),
Expiring 10/19/22   Morgan Stanley & Co. International PLC   CZK 78,057    $3,159,302    $3,206,857    $47,555    $
Danish Krone,
Expiring 10/19/22   Barclays Bank PLC   DKK 36,411   4,960,761   5,028,954   68,193  
Euro,
Expiring 10/19/22   HSBC Bank PLC   EUR 6,634   6,712,071   6,819,643   107,572  
Hungarian Forint,
Expiring 10/19/22   Citibank, N.A.   HUF 7,248,365   17,788,707   17,960,600   171,893  
Israeli Shekel,
Expiring 09/21/22   Barclays Bank PLC   ILS 17,504   5,281,378   5,166,455     (114,923)
Expiring 09/21/22   Citibank, N.A.   ILS 17,504   5,286,163   5,166,455     (119,708)
Japanese Yen,
Expiring 10/19/22   BNP Paribas S.A.   JPY 16,239,753   119,026,790   122,593,367   3,566,577  
Expiring 10/31/23   Barclays Bank PLC   JPY 525,393   5,512,000   4,123,522     (1,388,478)
Expiring 10/31/23   Barclays Bank PLC   JPY 406,236   4,196,000   3,188,323     (1,007,677)
Expiring 10/31/23   Deutsche Bank AG   JPY 511,039   5,354,001   4,010,870     (1,343,131)
Expiring 10/31/23   Goldman Sachs International   JPY 1,254,996   12,881,000   9,849,779     (3,031,221)
Expiring 10/31/23   Morgan Stanley & Co. International PLC   JPY 1,637,975   15,824,364   12,855,571     (2,968,793)
Malaysian Ringgit,
Expiring 09/21/22   Barclays Bank PLC   MYR 61,814   14,077,796   13,878,627     (199,169)
Mexican Peso,
Expiring 09/21/22   HSBC Bank PLC   MXN 84,668   4,217,693   4,112,190     (105,503)
Expiring 04/28/23   JPMorgan Chase Bank, N.A.   MXN 110,648   4,577,425   5,166,385   588,960  
Expiring 04/28/23   Morgan Stanley & Co. International PLC   MXN 352,530   14,859,000   16,460,375   1,601,375  
New Zealand Dollar,
Expiring 10/19/22   Citibank, N.A.   NZD 13,003   7,964,595   8,173,099   208,504  
Norwegian Krone,
Expiring 10/19/22   Morgan Stanley & Co. International PLC   NOK 108,163   10,620,892   11,208,820   587,928  
Polish Zloty,
Expiring 10/19/22   BNP Paribas S.A.   PLN 47,275   9,829,470   10,055,460   225,990  
Expiring 10/19/22   HSBC Bank PLC   PLN 44,808   9,383,181   9,530,554   147,373  
Romanian Leu,
Expiring 10/19/22   Citibank, N.A.   RON 11,029   2,231,761   2,258,105   26,344  
Singapore Dollar,
Expiring 09/21/22   BNP Paribas S.A.   SGD 11,708   8,528,471   8,475,888     (52,583)
South African Rand,
Expiring 09/21/22   HSBC Bank PLC   ZAR 77,742   4,758,444   4,649,625     (108,819)
62

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at July 31, 2022 (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 09/21/22   HSBC Bank PLC   ZAR 10,000    $634,507    $598,083    $   $(36,424)
South Korean Won,
Expiring 09/21/22   BNP Paribas S.A.   KRW 72,600,134   58,426,460   55,734,581     (2,691,879)
Swiss Franc,
Expiring 10/19/22   HSBC Bank PLC   CHF 3,118   3,194,157   3,295,873   101,716  
Thai Baht,
Expiring 09/21/22   Citibank, N.A.   THB 399,589   11,509,734   10,895,878     (613,856)
              $670,702,203   $666,421,693   11,107,460   (15,387,970)
    
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 10/19/22   JPMorgan Chase Bank, N.A.   AUD 4,344    $3,034,326    $3,038,718    $   $(4,392)
British Pound,
Expiring 10/19/22   JPMorgan Chase Bank, N.A.   GBP 4,495   5,479,633   5,484,424     (4,791)
Expiring 10/19/22   The Toronto-Dominion Bank   GBP 236,980   282,327,251   289,154,835     (6,827,584)
Canadian Dollar,
Expiring 10/19/22   JPMorgan Chase Bank, N.A.   CAD 2,735   2,134,392   2,135,493     (1,101)
Chinese Renminbi,
Expiring 08/23/22   Bank of America, N.A.   CNH 27,077   4,045,645   4,012,490   33,155  
Expiring 08/23/22   BNP Paribas S.A.   CNH 38,793   5,771,962   5,748,621   23,341  
Expiring 08/23/22   HSBC Bank PLC   CNH 30,969   4,578,960   4,589,174     (10,214)
Expiring 08/23/22   JPMorgan Chase Bank, N.A.   CNH 30,065   4,474,970   4,455,263   19,707  
Expiring 08/23/22   JPMorgan Chase Bank, N.A.   CNH 17,979   2,663,388   2,664,241     (853)
Expiring 08/23/22   The Toronto-Dominion Bank   CNH 30,616   4,561,624   4,536,846   24,778  
Colombian Peso,
Expiring 09/21/22   BNP Paribas S.A.   COP 32,535,294   7,643,673   7,518,143   125,530  
Expiring 09/21/22   Citibank, N.A.   COP 12,293,404   2,959,414   2,840,718   118,696  
Euro,
Expiring 10/19/22   Barclays Bank PLC   EUR 46,346   46,980,028   47,644,952     (664,924)
Expiring 10/19/22   BNP Paribas S.A.   EUR 2,680   2,736,906   2,755,030     (18,124)
63

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at July 31, 2022 (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 10/19/22   Deutsche Bank AG   EUR 81,294    $82,412,396    $83,572,210    $   $(1,159,814)
Expiring 10/19/22   JPMorgan Chase Bank, N.A.   EUR 8,171   8,377,507   8,399,967     (22,460)
Expiring 10/19/22   Morgan Stanley & Co. International PLC   EUR 9,930   10,183,572   10,208,621     (25,049)
Expiring 10/19/22   Standard Chartered Bank   EUR 83,746   85,938,325   86,092,574     (154,249)
Hong Kong Dollar,
Expiring 08/23/22   HSBC Bank PLC   HKD 49,067   6,260,463   6,256,171   4,292  
Indonesian Rupiah,
Expiring 09/21/22   Morgan Stanley & Co. International PLC   IDR 59,216,931   4,096,073   3,987,087   108,986  
Israeli Shekel,
Expiring 09/21/22   Citibank, N.A.   ILS 6,838   1,986,680   2,018,214     (31,534)
Expiring 09/21/22   Goldman Sachs International   ILS 10,739   3,232,770   3,169,671   63,099  
Japanese Yen,
Expiring 10/19/22   BNP Paribas S.A.   JPY 255,606   1,911,957   1,929,561     (17,604)
Expiring 10/19/22   JPMorgan Chase Bank, N.A.   JPY 500,440   3,767,798   3,777,806     (10,008)
Expiring 10/19/22   Standard Chartered Bank   JPY 196,684   1,430,344   1,484,763     (54,419)
Expiring 10/31/23   Citibank, N.A.   JPY 628,883   6,526,054   4,935,762   1,590,292  
Expiring 10/31/23   Citibank, N.A.   JPY 115,153   1,102,894   903,774   199,120  
Expiring 10/31/23   Goldman Sachs International   JPY 1,532,531   13,803,651   12,028,001   1,775,650  
Expiring 10/31/23   Morgan Stanley & Co. International PLC   JPY 2,309,705   20,805,025   18,127,618   2,677,407  
Malaysian Ringgit,
Expiring 09/21/22   Barclays Bank PLC   MYR 9,847   2,210,020   2,210,808     (788)
Mexican Peso,
Expiring 04/28/23   Morgan Stanley & Co. International PLC   MXN 463,178   20,111,923   21,626,760     (1,514,837)
Peruvian Nuevo Sol,
Expiring 09/21/22   BNP Paribas S.A.   PEN 61,356   16,127,311   15,527,263   600,048  
Singapore Dollar,
Expiring 09/21/22   JPMorgan Chase Bank, N.A.   SGD 2,896   2,093,977   2,096,302     (2,325)
South African Rand,
Expiring 09/21/22   Standard Chartered Bank   ZAR 163,387   10,426,763   9,771,930   654,833  
64

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at July 31, 2022 (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.):
South Korean Won,
Expiring 09/21/22   Morgan Stanley & Co. International PLC   KRW 4,887,665    $3,769,310    $3,752,223    $17,087    $
Swedish Krona,
Expiring 10/19/22   BNP Paribas S.A.   SEK 19,018   1,820,938   1,877,816     (56,878)
Expiring 10/19/22   JPMorgan Chase Bank, N.A.   SEK 22,354   2,199,616   2,207,264     (7,648)
Thai Baht,
Expiring 09/21/22   Morgan Stanley & Co. International PLC   THB 72,929   2,009,144   1,988,609   20,535  
              $691,996,683   $694,529,723   8,056,556   (10,589,596)
                      $19,164,016   $(25,977,566)
Cross currency exchange contracts outstanding at July 31, 2022:
Settlement   Type   Notional
Amount
(000)
  In Exchange
For (000)
  Unrealized
Appreciation
  Unrealized
Depreciation
  Counterparty
OTC Cross Currency Exchange Contracts:
10/31/23   Buy   AUD 8,947   JPY 599,449    $1,546,058    $  Deutsche Bank AG
10/31/23   Buy   JPY 277,535   AUD 3,979     (601,699)   Goldman Sachs International
10/31/23   Buy   JPY 671,731   AUD 9,835     (1,599,159)   Morgan Stanley & Co. International PLC
                    $1,546,058   $(2,200,858)    
Credit default swap agreements outstanding at July 31, 2022:
Reference
Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)**:
Arab Republic of Egypt (D01)   06/20/27   1.000%(Q)     1,200    $465,513    $945    $464,568   Goldman Sachs International
Emirate of Abu Dhabi (D01)   06/20/27   1.000%(Q)     1,200   (20,413)   945   (21,358)   Goldman Sachs International
Federation of Malaysia (D01)   06/20/27   1.000%(Q)     1,800   (19,963)   1,418   (21,381)   Goldman Sachs International
65

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2022 (continued):
Reference
Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)**(cont’d.):
Federative Republic of Brazil (D01)   06/20/27   1.000%(Q)     7,200    $522,594    $5,672    $516,922   Goldman Sachs International
Kingdom of Saudi Arabia (D01)   06/20/27   1.000%(Q)     1,200   (18,726)   945   (19,671)   Goldman Sachs International
People’s Republic of China (D01)   06/20/27   1.000%(Q)     7,200   (98,168)   5,672   (103,840)   Goldman Sachs International
Republic of Argentina (D01)   06/20/27   1.000%(Q)     1,200   935,938   945   934,993   Goldman Sachs International
Republic of Chile (D01)   06/20/27   1.000%(Q)     1,800   23,013   1,418   21,595   Goldman Sachs International
Republic of Colombia (D01)   06/20/27   1.000%(Q)     3,600   242,507   2,836   239,671   Goldman Sachs International
Republic of Indonesia (D01)   06/20/27   1.000%(Q)     5,400   32,446   4,254   28,192   Goldman Sachs International
Republic of Panama (D01)   06/20/27   1.000%(Q)     1,200   16,143   945   15,198   Goldman Sachs International
Republic of Peru (D01)   06/20/27   1.000%(Q)     1,800   20,169   1,418   18,751   Goldman Sachs International
Republic of Philippines (D01)   06/20/27   1.000%(Q)     1,200   1,142   945   197   Goldman Sachs International
Republic of South Africa (D01)   06/20/27   1.000%(Q)     7,200   594,682   5,672   589,010   Goldman Sachs International
Republic of Turkey (D01)   06/20/27   1.000%(Q)     7,200   1,859,478   5,672   1,853,806   Goldman Sachs International
Republic of Ukraine (D01)   06/20/27   1.000%(Q)     1,200   982,303   945   981,358   Goldman Sachs International
State of Qatar (D01)   06/20/27   1.000%(Q)     1,200   (20,225)   945   (21,170)   Goldman Sachs International
United Mexican States (D01)   06/20/27   1.000%(Q)     7,200   172,966   5,672   167,294   Goldman Sachs International
Arab Republic of Egypt (D02)   06/20/27   1.000%(Q)     4,000   1,551,712   9,197   1,542,515   Goldman Sachs International
Emirate of Abu Dhabi (D02)   06/20/27   1.000%(Q)     4,000   (68,043)   9,197   (77,240)   Goldman Sachs International
Federation of Malaysia (D02)   06/20/27   1.000%(Q)     6,000   (66,543)   13,795   (80,338)   Goldman Sachs International
Federative Republic of Brazil (D02)   06/20/27   1.000%(Q)     24,000   1,741,981   55,182   1,686,799   Goldman Sachs International
Kingdom of Saudi Arabia (D02)   06/20/27   1.000%(Q)     4,000   (62,417)   9,197   (71,614)   Goldman Sachs International
People’s Republic of China (D02)   06/20/27   1.000%(Q)     24,000   (327,225)   55,182   (382,407)   Goldman Sachs International
66

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2022 (continued):
Reference
Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)**(cont’d.):
Republic of Argentina (D02)   06/20/27   1.000%(Q)     4,000    $3,119,794    $9,197    $3,110,597   Goldman Sachs International
Republic of Chile (D02)   06/20/27   1.000%(Q)     6,000   76,711   13,795   62,916   Goldman Sachs International
Republic of Colombia (D02)   06/20/27   1.000%(Q)     12,000   808,357   27,591   780,766   Goldman Sachs International
Republic of Indonesia (D02)   06/20/27   1.000%(Q)     18,000   108,154   41,386   66,768   Goldman Sachs International
Republic of Panama (D02)   06/20/27   1.000%(Q)     4,000   53,812   9,197   44,615   Goldman Sachs International
Republic of Peru (D02)   06/20/27   1.000%(Q)     6,000   67,229   13,795   53,434   Goldman Sachs International
Republic of Philippines (D02)   06/20/27   1.000%(Q)     4,000   3,808   9,197   (5,389)   Goldman Sachs International
Republic of South Africa (D02)   06/20/27   1.000%(Q)     24,000   1,982,274   55,182   1,927,092   Goldman Sachs International
Republic of Turkey (D02)   06/20/27   1.000%(Q)     24,000   6,198,262   55,182   6,143,080   Goldman Sachs International
Republic of Ukraine (D02)   06/20/27   1.000%(Q)     4,000   3,274,343   9,197   3,265,146   Goldman Sachs International
State of Qatar (D02)   06/20/27   1.000%(Q)     4,000   (67,416)   9,197   (76,613)   Goldman Sachs International
United Mexican States (D02)   06/20/27   1.000%(Q)     24,000   576,555   55,182   521,373   Goldman Sachs International
Arab Republic of Egypt (D03)   06/20/27   1.000%(Q)     2,000   775,856   1,209   774,647   Morgan Stanley & Co. International PLC
Emirate of Abu Dhabi (D03)   06/20/27   1.000%(Q)     2,000   (34,022)   1,209   (35,231)   Morgan Stanley & Co. International PLC
Federation of Malaysia (D03)   06/20/27   1.000%(Q)     3,000   (33,271)   1,814   (35,085)   Morgan Stanley & Co. International PLC
Federative Republic of Brazil (D03)   06/20/27   1.000%(Q)     12,000   870,991   7,256   863,735   Morgan Stanley & Co. International PLC
Kingdom of Saudi Arabia (D03)   06/20/27   1.000%(Q)     2,000   (31,209)   1,209   (32,418)   Morgan Stanley & Co. International PLC
People’s Republic of China (D03)   06/20/27   1.000%(Q)     12,000   (163,612)   7,256   (170,868)   Morgan Stanley & Co. International PLC
Republic of Argentina (D03)   06/20/27   1.000%(Q)     2,000   1,559,897   1,209   1,558,688   Morgan Stanley & Co. International PLC
Republic of Chile (D03)   06/20/27   1.000%(Q)     3,000   38,356   1,814   36,542   Morgan Stanley & Co. International PLC
Republic of Colombia (D03)   06/20/27   1.000%(Q)     6,000   404,178   3,628   400,550   Morgan Stanley & Co. International PLC
67

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2022 (continued):
Reference
Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)**(cont’d.):
Republic of Indonesia (D03)   06/20/27   1.000%(Q)     9,000    $54,077    $5,442    $48,635   Morgan Stanley & Co. International PLC
Republic of Panama (D03)   06/20/27   1.000%(Q)     2,000   26,906   1,209   25,697   Morgan Stanley & Co. International PLC
Republic of Peru (D03)   06/20/27   1.000%(Q)     3,000   33,615   1,814   31,801   Morgan Stanley & Co. International PLC
Republic of Philippines (D03)   06/20/27   1.000%(Q)     2,000   1,904   1,209   695   Morgan Stanley & Co. International PLC
Republic of South Africa (D03)   06/20/27   1.000%(Q)     12,000   991,137   7,256   983,881   Morgan Stanley & Co. International PLC
Republic of Turkey (D03)   06/20/27   1.000%(Q)     12,000   3,099,131   7,256   3,091,875   Morgan Stanley & Co. International PLC
Republic of Ukraine (D03)   06/20/27   1.000%(Q)     2,000   1,637,171   1,209   1,635,962   Morgan Stanley & Co. International PLC
State of Qatar (D03)   06/20/27   1.000%(Q)     2,000   (33,708)   1,209   (34,917)   Morgan Stanley & Co. International PLC
United Mexican States (D03)   06/20/27   1.000%(Q)     12,000   288,278   7,256   281,022   Morgan Stanley & Co. International PLC
Arab Republic of Egypt (D04)   06/20/27   1.000%(Q)     200   77,586   205   77,381   Barclays Bank PLC
Emirate of Abu Dhabi (D04)   06/20/27   1.000%(Q)     200   (3,402)   205   (3,607)   Barclays Bank PLC
Federation of Malaysia (D04)   06/20/27   1.000%(Q)     300   (3,327)   308   (3,635)   Barclays Bank PLC
Federative Republic of Brazil (D04)   06/20/27   1.000%(Q)     1,200   87,099   1,231   85,868   Barclays Bank PLC
Kingdom of Saudi Arabia (D04)   06/20/27   1.000%(Q)     200   (3,121)   205   (3,326)   Barclays Bank PLC
People’s Republic of China (D04)   06/20/27   1.000%(Q)     1,200   (16,361)   1,231   (17,592)   Barclays Bank PLC
Republic of Argentina (D04)   06/20/27   1.000%(Q)     200   155,990   205   155,785   Barclays Bank PLC
Republic of Chile (D04)   06/20/27   1.000%(Q)     300   3,836   308   3,528   Barclays Bank PLC
Republic of Colombia (D04)   06/20/27   1.000%(Q)     600   40,418   615   39,803   Barclays Bank PLC
Republic of Indonesia (D04)   06/20/27   1.000%(Q)     900   5,408   923   4,485   Barclays Bank PLC
Republic of Panama (D04)   06/20/27   1.000%(Q)     200   2,691   205   2,486   Barclays Bank PLC
Republic of Peru (D04)   06/20/27   1.000%(Q)     300   3,362   308   3,054   Barclays Bank PLC
68

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2022 (continued):
Reference
Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)**(cont’d.):
Republic of Philippines (D04)   06/20/27   1.000%(Q)     200    $190    $205    $(15)   Barclays Bank PLC
Republic of South Africa (D04)   06/20/27   1.000%(Q)     1,200   99,114   1,231   97,883   Barclays Bank PLC
Republic of Turkey (D04)   06/20/27   1.000%(Q)     1,200   309,914   1,231   308,683   Barclays Bank PLC
Republic of Ukraine (D04)   06/20/27   1.000%(Q)     200   163,717   205   163,512   Barclays Bank PLC
State of Qatar (D04)   06/20/27   1.000%(Q)     200   (3,371)   205   (3,576)   Barclays Bank PLC
United Mexican States (D04)   06/20/27   1.000%(Q)     1,200   28,828   1,231   27,597   Barclays Bank PLC
                    $35,096,993   $577,833   $34,519,160    
    
Reference
Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Implied
Credit
Spread at
July 31,
2022(4)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)**:
Emirate of Abu Dhabi (D05)   12/20/26   1.000%(Q)     1,000   0.612%    $17,198    $(2,012)    $19,210   Bank of America, N.A.
Federation of Malaysia (D05)   12/20/26   1.000%(Q)     2,000   0.712%   26,025   (4,025)   30,050   Bank of America, N.A.
Federative Republic of Brazil (D05)   12/20/26   1.000%(Q)     6,000   2.511%   (353,142)   (12,074)   (341,068)   Bank of America, N.A.
Kingdom of Saudi Arabia (D05)   12/20/26   1.000%(Q)     1,000   0.643%   15,878   (2,012)   17,890   Bank of America, N.A.
People’s Republic of China (D05)   12/20/26   1.000%(Q)     6,000   0.673%   87,578   (12,074)   99,652   Bank of America, N.A.
Republic of Argentina (D05)   12/20/26   1.000%(Q)     1,000   56.389%   (773,603)   (2,012)   (771,591)   Bank of America, N.A.
Republic of Chile (D05)   12/20/26   1.000%(Q)     1,000   1.213%   (7,545)   (2,012)   (5,533)   Bank of America, N.A.
Republic of Colombia (D05)   12/20/26   1.000%(Q)     2,500   2.399%   (136,157)   (5,031)   (131,126)   Bank of America, N.A.
69

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2022 (continued):
Reference
Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Implied
Credit
Spread at
July 31,
2022(4)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)**(cont’d.):
Republic of Indonesia (D05)   12/20/26   1.000%(Q)     4,500   1.055%    $(5,005)    $(9,055)    $4,050   Bank of America, N.A.
Republic of Panama (D05)   12/20/26   1.000%(Q)     1,000   1.233%   (8,353)   (2,012)   (6,341)   Bank of America, N.A.
Republic of Peru (D05)   12/20/26   1.000%(Q)     1,000   1.187%   (6,508)   (2,012)   (4,496)   Bank of America, N.A.
Republic of Philippines (D05)   12/20/26   1.000%(Q)     1,000   0.952%   3,098   (2,012)   5,110   Bank of America, N.A.
Republic of South Africa (D05)   12/20/26   1.000%(Q)     5,500   2.822%   (386,101)   (11,068)   (375,033)   Bank of America, N.A.
Republic of Turkey (D05)   12/20/26   1.000%(Q)     6,000   8.306%   (1,444,431)   (12,074)   (1,432,357)   Bank of America, N.A.
Republic of Ukraine (D05)   12/20/26   1.000%(Q)     1,000   292.634%   (817,973)   (2,012)   (815,961)   Bank of America, N.A.
Russian Federation (D05)   12/20/26   1.000%(Q)     3,000   *   (1,957,729)   (6,037)   (1,951,692)   Bank of America, N.A.
State of Qatar (D05)   12/20/26   1.000%(Q)     1,000   0.618%   16,944   (2,012)   18,956   Bank of America, N.A.
United Mexican States (D05)   12/20/26   1.000%(Q)     5,500   1.458%   (96,018)   (11,068)   (84,950)   Bank of America, N.A.
                      $(5,825,844)   $(100,614)   $(5,725,230)    
    
Reference
Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Packaged Credit Default Swap Agreement on credit indices— Buy Protection(1)**:
CDX.EM.36.V1 (D05)   12/20/26   1.000%(Q)     50,000    $6,053,311    $54,765    $5,998,546   Bank of America, N.A.
    
70

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2022 (continued):
Reference
Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Implied
Credit
Spread at
July 31,
2022(4)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Packaged Credit Default Swap Agreements on credit indices— Sell Protection(2)**:
CDX.EM.37.V1 (D01)   06/20/27   1.000%(Q)     60,000   3.250%    $(5,584,368)    $(109,668)    $(5,474,700)   Goldman Sachs International
CDX.EM.37.V1 (D02)   06/20/27   1.000%(Q)     200,000   3.250%   (18,614,559)   (654,609)   (17,959,950)   Goldman Sachs International
CDX.EM.37.V1 (D03)   06/20/27   1.000%(Q)     100,000   3.250%   (9,307,280)   (139,624)   (9,167,656)   Morgan Stanley & Co. International PLC
CDX.EM.37.V1 (D04)   06/20/27   1.000%(Q)     10,000   3.250%   (930,728)   (22,727)   (908,001)   Barclays Bank PLC
                      $(34,436,935)   $(926,628)   $(33,510,307)    
** The Fund entered into multiple credit default swap agreements in a packaged trade consisting of two parts. The Fund bought/sold protection on an Emerging Market CDX Index and bought/sold protection on the countries which comprise the index. The upfront premium is attached to the index of the trade for the Emerging Markets CDX package(s). Each swap is priced individually. If any of the component swaps are closed out early, the Index exposure will be reduced by an amount proportionate to the terminated swap(s). Individual packages in the tables above are denoted by the corresponding footnotes (D01 - D05).
    
Reference
Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Implied
Credit
Spread at
July 31,
2022(4)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^:
GS_21-PJ2A   08/14/22   0.500%(M)     19,022   0.500%    $16,371    $(1,849)    $18,220   Goldman Sachs International
GS_21-PJA   08/14/22   0.250%(M)     36,664   *   15,777   (1,782)   17,559   Goldman Sachs International
                      $32,148   $(3,631)   $35,779    
    
Reference
Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Value at
Trade Date
  Value at
July 31,
2022
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Credit Default Swap Agreement on corporate and/or sovereign issues - Buy Protection(1):
Ryder System, Inc.   06/20/25   1.000%(Q)   9,540   $108,668   $(22,465)   $(131,133)
    
71

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2022 (continued):
Reference
Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1):
Central Bank of Tunisia   12/20/22   1.000%(Q)     700  $37,279    $5,566    $31,713   Barclays Bank PLC
Eskom Holdings SOC Ltd.   12/20/23   1.000%(Q)   EUR 2,640 129,728   163,849   (34,121)   Deutsche Bank AG
Gazprom PAO   09/20/22   1.000%(Q)     8,000 1,030,192   739,394   290,798   Barclays Bank PLC
Gazprom PAO   03/20/23   1.000%(Q)     11,080 4,619,740   3,903,019   716,721   Barclays Bank PLC
Gazprom PAO   12/20/23   1.000%(Q)     1,410 762,512   380,657   381,855   Citibank, N.A.
Gazprom PAO   06/20/24   1.000%(Q)     723 411,585   273,373   138,212   HSBC Bank PLC
Gazprom PAO   06/20/25   1.000%(Q)   EUR 2,000 1,239,945   13,817   1,226,128   Barclays Bank PLC
Gazprom PAO   12/20/25   1.000%(Q)     2,000 1,208,687   910,228   298,459   Goldman Sachs International
Gazprom PAO   06/20/26   1.000%(Q)     4,400 2,693,877   2,395,243   298,634   HSBC Bank PLC
Gazprom PAO   06/20/27   1.000%(Q)     8,650 5,421,809   4,799,876   621,933   HSBC Bank PLC
Gazprom PAO   06/20/27   1.000%(Q)     1,000 626,799   387,425   239,374   HSBC Bank PLC
Gazprom PAO   06/20/27   1.000%(Q)     600 376,079   386,197   (10,118)   JPMorgan Chase Bank, N.A.
Gazprom PAO   12/20/27   1.000%(Q)     3,300 2,072,681   1,740,075   332,606   JPMorgan Chase Bank, N.A.
Host Hotels & Resorts LP   06/20/24   1.000%(Q)     5,000 (19,257)   33,778   (53,035)   Goldman Sachs International
Marriott International, Inc.   06/20/25   1.000%(Q)     875 (11,580)   23,481   (35,061)   Morgan Stanley & Co. International PLC
Republic of South Africa   06/20/26   1.000%(Q)     1,000 57,199   30,878   26,321   Goldman Sachs International
Russian Federation   12/20/23   1.000%(Q)     5,000 3,262,882   1,622,290   1,640,592   Morgan Stanley & Co. International PLC
Russian Federation   09/20/24   1.000%(Q)     686 447,667   347,524   100,143   HSBC Bank PLC
Russian Federation   06/20/25   1.000%(Q)     79 51,553   41,702   9,851   HSBC Bank PLC
Russian Federation   12/20/25   1.000%(Q)     20,621 13,456,638   11,988,535   1,468,103   HSBC Bank PLC
Russian Federation   12/20/25   1.000%(Q)     2,000 1,305,153   642,134   663,019   Goldman Sachs International
Russian Federation   12/20/26   1.000%(Q)     1,200 783,091   422,445   360,646   Barclays Bank PLC
Russian Federation   12/20/26   1.000%(Q)     451 294,545   268,878   25,667   HSBC Bank PLC
Russian Federation   06/20/27   1.000%(Q)     5,000 3,262,882   3,501,751   (238,869)   Barclays Bank PLC
Russian Federation   06/20/27   1.000%(Q)     3,600 2,349,274   2,521,260   (171,986)   Citibank, N.A.
Russian Federation   06/20/27   1.000%(Q)     1,000 652,576   695,618   (43,042)   Barclays Bank PLC
Russian Federation   06/20/27   1.000%(Q)     400 261,031   226,154   34,877   Barclays Bank PLC
Russian Federation   12/20/28   1.000%(Q)     15,000 9,788,645   8,611,113   1,177,532   Morgan Stanley & Co. International PLC
Russian Federation   06/20/29   1.000%(Q)     1,000 652,576   580,019   72,557   Morgan Stanley & Co. International PLC
Russian Federation   06/20/30   1.000%(Q)     4,500 2,936,593   2,955,188   (18,595)   HSBC Bank PLC
72

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2022 (continued):
Reference
Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)(cont’d.):
Russian Federation   12/20/31   1.000%(Q)     24,500  $15,988,121    $16,214,421    $(226,300)   HSBC Bank PLC
Russian Federation   12/20/31   1.000%(Q)     4,315 2,815,867   1,901,687   914,180   HSBC Bank PLC
Safeway, Inc.   03/20/23   5.000%(Q)     5,000 (169,248)   (136,880)   (32,368)   BNP Paribas S.A.
Sasol Ltd.   12/20/22   1.000%(Q)     800 4,859   12,834   (7,975)   Barclays Bank PLC
                  $78,801,980   $68,603,529   $10,198,451    
    
Reference
Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Implied
Credit
Spread at
July 31,
2022(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):
American International Group, Inc.   06/20/26   1.000%(Q)     3,260   0.685%    $41,516    $38,155    $3,361   Bank of America, N.A.
Barclays PLC   12/20/26   1.000%(Q)   EUR 3,000   1.055%   (3,593)   27,485   (31,078)   Citibank, N.A.
BNP Paribas S.A.   06/20/23   1.000%(Q)   EUR 5,000   0.319%   37,308   49,765   (12,457)   Barclays Bank PLC
Comision Federal de Electricidad   12/20/22   1.000%(Q)     3,925   1.300%   (182)   7,657   (7,839)   Citibank, N.A.
DP World PLC   12/20/24   1.000%(Q)     2,000   0.998%   2,356   4,490   (2,134)   Barclays Bank PLC
Electricite de France S.A.   12/20/22   1.000%(Q)   EUR 8,470   0.437%   29,546   33,553   (4,007)   Goldman Sachs International
Emirate of Dubai   12/20/24   1.000%(Q)     1,000   1.023%   612   1,805   (1,193)   Citibank, N.A.
Eskom Holdings SOC Ltd.   12/20/23   1.000%(Q)     3,000   4.643%   (141,506)   (160,793)   19,287   Deutsche Bank AG
Federation of Malaysia   12/20/24   1.000%(Q)     1,000   0.403%   15,061   8,229   6,832   Citibank, N.A.
Gazprom PAO   12/20/26   1.000%(Q)     8,600   49.437%   (5,330,576)   (4,751,438)   (579,138)   HSBC Bank PLC
Generalitat de Cataluna   12/20/22   1.000%(Q)     2,960   *   10,753   (44,741)   55,494   Citibank, N.A.
Generalitat de Cataluna   12/20/25   1.000%(Q)     4,900   *   56,622   (31,701)   88,323   Deutsche Bank AG
73

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2022 (continued):
Reference
Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Implied
Credit
Spread at
July 31,
2022(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)(cont’d.):
Halliburton Co.   12/20/26   1.000%(Q)     4,240   1.056%    $(4,679)    $35,680    $(40,359)   Goldman Sachs International
Hellenic Republic   12/20/22   1.000%(Q)     500   0.499%   1,562   (5,025)   6,587   Citibank, N.A.
Hellenic Republic   06/20/23   1.000%(Q)     300   0.620%   1,353   (6,026)   7,379   Citibank, N.A.
Hellenic Republic   06/20/24   1.000%(Q)     1,000   0.905%   2,894   (76,842)   79,736   Barclays Bank PLC
Hellenic Republic   06/20/29   1.000%(Q)     5,400   2.103%   (343,484)   (50,385)   (293,099)   Barclays Bank PLC
Hellenic Republic   12/20/29   1.000%(Q)   EUR 5,000   1.734%   (244,306)   15,579   (259,885)   Citibank, N.A.
Hellenic Republic   12/20/31   1.000%(Q)     6,000   2.278%   (561,547)   (167,665)   (393,882)   Citibank, N.A.
Israel Electric Corp. Ltd.   12/20/24   1.000%(Q)     1,000   0.965%   1,967   6,141   (4,174)   Barclays Bank PLC
Japan Govt.   06/20/28   1.000%(Q)     15,000   0.306%   588,289   616,549   (28,260)   Citibank, N.A.
Kingdom of Spain   06/20/23   1.000%(Q)     42,665   0.160%   367,167   93,220   273,947   Bank of America, N.A.
Kingdom of Spain   06/20/24   1.000%(Q)     700   0.211%   11,061   (9,025)   20,086   Morgan Stanley & Co. International PLC
Kingdom of Spain   06/20/25   1.000%(Q)     9,940   0.374%   185,037   (55,243)   240,280   Bank of America, N.A.
Kingdom of Spain   06/20/25   1.000%(Q)     7,500   0.374%   139,615   (51,603)   191,218   JPMorgan Chase Bank, N.A.
Kingdom of Spain   06/20/25   1.000%(Q)     1,645   0.374%   30,622   12,454   18,168   Barclays Bank PLC
People’s Republic of China   12/20/24   1.000%(Q)     1,000   0.430%   14,413   10,103   4,310   Citibank, N.A.
Republic of Colombia   06/20/23   1.000%(Q)     5,000   1.055%   3,270   (2,249)   5,519   Goldman Sachs International
Republic of Colombia   12/20/26   1.000%(Q)     1,000   2.399%   (54,463)   (51,222)   (3,241)   Citibank, N.A.
74

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2022 (continued):
Reference
Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Implied
Credit
Spread at
July 31,
2022(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)(cont’d.):
Republic of Estonia   12/20/26   1.000%(Q)     3,150   0.667%    $46,972    $26,193    $20,779   JPMorgan Chase Bank, N.A.
Republic of Finland   06/20/27   0.250%(Q)     2,000   0.253%   262   8,253   (7,991)   Bank of America, N.A.
Republic of Indonesia   06/20/23   1.000%(Q)     13,885   0.300%   102,184   (17,708)   119,892   Citibank, N.A.
Republic of Indonesia   06/20/25   1.000%(Q)     6,800   0.693%   65,784   (181,267)   247,051   Morgan Stanley & Co. International PLC
Republic of Indonesia   06/20/25   1.000%(Q)     6,100   0.693%   59,011   (103,151)   162,162   Morgan Stanley & Co. International PLC
Republic of Indonesia   06/20/25   1.000%(Q)     2,365   0.693%   22,880   (62,957)   85,837   JPMorgan Chase Bank, N.A.
Republic of Indonesia   06/20/25   1.000%(Q)     2,155   0.693%   20,847   (55,721)   76,568   BNP Paribas S.A.
Republic of Ireland   12/20/26   1.000%(Q)     2,000   0.167%   71,842   2,863   68,979   Goldman Sachs International
Republic of Ireland   06/20/27   1.000%(Q)     2,800   0.182%   108,903   41,648   67,255   Morgan Stanley & Co. International PLC
Republic of Italy   06/20/23   1.000%(Q)     18,300   0.629%   81,021   (212,377)   293,398   Bank of America, N.A.
Republic of Italy   06/20/23   1.000%(Q)     4,000   0.629%   17,709     17,709   Morgan Stanley & Co. International PLC
Republic of Italy   06/20/24   1.000%(Q)     6,000   0.962%   10,973   (117,682)   128,655   Bank of America, N.A.
Republic of Italy   06/20/24   1.000%(Q)     900   0.449%   10,199   (18,073)   28,272   Deutsche Bank AG
Republic of Italy   06/20/26   1.000%(Q)     4,200   1.426%   (59,673)   (127,657)   67,984   Bank of America, N.A.
Republic of Kazakhstan   06/20/23   1.000%(Q)     7,695   1.663%   (36,256)     (36,256)   Citibank, N.A.
75

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2022 (continued):
Reference
Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Implied
Credit
Spread at
July 31,
2022(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)(cont’d.):
Republic of Panama   12/20/26   1.000%(Q)     4,200   1.233%    $(34,968)    $10,616    $(45,584)   Citibank, N.A.
Republic of Poland   06/20/24   1.000%(Q)     6,615   1.053%   1,129   9,709   (8,580)   BNP Paribas S.A.
Republic of Serbia   12/20/25   5.000%(Q)     4,500   2.689%   350,561   599,291   (248,730)   Citibank, N.A.
Republic of Serbia   12/20/25   1.000%(Q)     1,000   2.689%   (51,529)   (987)   (50,542)   BNP Paribas S.A.
Republic of Slovenia   06/20/24   1.000%(Q)     900   0.321%   12,364   (24,780)   37,144   HSBC Bank PLC
Republic of South Africa   06/20/23   1.000%(Q)     5,000   1.621%   (21,717)   (25,267)   3,550   Deutsche Bank AG
Republic of South Africa   12/20/23   1.000%(Q)     3,000   1.878%   (32,349)   (47,571)   15,222   Bank of America, N.A.
Republic of South Africa   06/20/31   1.000%(Q)     3,000   3.562%   (517,360)   (338,940)   (178,420)   Morgan Stanley & Co. International PLC
Republic of Ukraine   12/20/23   5.000%(Q)     1,400   560.676%   (1,120,510)   27,792   (1,148,302)   Deutsche Bank AG
Republic of Ukraine   12/20/23   5.000%(Q)     1,000   560.676%   (800,364)   10,807   (811,171)   Deutsche Bank AG
Republic of Ukraine   12/20/24   5.000%(Q)     2,100   421.755%   (1,686,339)   79,560   (1,765,899)   HSBC Bank PLC
Republic of Ukraine   06/20/25   5.000%(Q)     7,205   377.938%   (5,783,615)   (46,510)   (5,737,105)   Barclays Bank PLC
Republic of Ukraine   06/20/25   5.000%(Q)     1,000   377.938%   (802,722)   (24,005)   (778,717)   Barclays Bank PLC
Republic of Ukraine   12/20/25   5.000%(Q)     7,390   343.316%   (5,930,286)   (104,511)   (5,825,775)   Barclays Bank PLC
Republic of Ukraine   12/20/25   1.000%(Q)     5,000   343.316%   (4,083,483)   (435,331)   (3,648,152)   Morgan Stanley & Co. International PLC
Republic of Ukraine   12/20/25   1.000%(Q)     2,000   343.316%   (1,633,393)   (176,880)   (1,456,513)   Morgan Stanley & Co. International PLC
76

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2022 (continued):
Reference
Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Implied
Credit
Spread at
July 31,
2022(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)(cont’d.):
Republic of Ukraine   12/20/25   1.000%(Q)     2,000   343.316%    $(1,633,393)    $(179,500)    $(1,453,893)   Morgan Stanley & Co. International PLC
Russian Federation   06/20/24   1.000%(Q)     686   *   (447,667)   (341,156)   (106,511)   HSBC Bank PLC
Russian Federation   12/20/24   1.000%(Q)     79   *   (51,553)   (40,766)   (10,787)   HSBC Bank PLC
Russian Federation   03/20/25   1.000%(Q)     20,621   *   (13,456,638)   (11,682,104)   (1,774,534)   HSBC Bank PLC
Russian Federation   06/20/26   1.000%(Q)     451   *   (294,545)   (267,035)   (27,510)   HSBC Bank PLC
Russian Federation   12/20/26   1.000%(Q)     2,000   *   (1,305,153)   (694,932)   (610,221)   Goldman Sachs International
Russian Federation   06/20/27   1.000%(Q)     5,000   *   (3,262,882)   (3,525,411)   262,529   Morgan Stanley & Co. International PLC
Russian Federation   06/20/27   1.000%(Q)     3,600   *   (2,349,275)   (2,538,296)   189,021   Morgan Stanley & Co. International PLC
Russian Federation   12/20/29   1.000%(Q)     4,500   *   (2,936,594)   (2,956,274)   19,680   HSBC Bank PLC
Russian Federation   12/20/30   1.000%(Q)     24,500   *   (15,988,121)   (16,194,336)   206,215   HSBC Bank PLC
Russian Federation   12/20/30   1.000%(Q)     4,315   *   (2,815,867)   (1,902,518)   (913,349)   HSBC Bank PLC
Russian Federation   12/20/31   1.000%(Q)     15,000   *   (9,788,646)   (8,920,090)   (868,556)   Morgan Stanley & Co. International PLC
Russian Federation   12/20/31   1.000%(Q)     1,000   *   (652,577)   (597,347)   (55,230)   Morgan Stanley & Co. International PLC
State of Illinois   12/20/22   1.000%(Q)     2,725   0.492%   8,573   (11,214)   19,787   Citibank, N.A.
State of Illinois   12/20/24   1.000%(Q)     2,800   0.748%   19,272   (80,402)   99,674   Goldman Sachs International
77

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2022 (continued):
Reference
Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Implied
Credit
Spread at
July 31,
2022(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)(cont’d.):
State of Illinois   06/20/28   1.000%(Q)     1,000   1.340%    $(15,800)    $(73,187)    $57,387   Citibank, N.A.
State of Israel   09/20/22   1.000%(Q)     3,000   0.112%   7,317   3,766   3,551   HSBC Bank PLC
State of Qatar   12/20/26   1.000%(Q)     4,000   0.618%   67,884   96,966   (29,082)   Citibank, N.A.
Teck Resources Ltd.   06/20/26   5.000%(Q)     14,000   1.993%   1,578,507   2,044,081   (465,574)   Barclays Bank PLC
UBS Group AG   12/20/24   1.000%(Q)   EUR 8,600   0.965%   17,513   81,070   (63,557)   Bank of America, N.A.
United Mexican States   12/20/26   1.000%(Q)     4,000   1.458%   (69,831)   4,151   (73,982)   Goldman Sachs International
Verizon Communications, Inc.   06/20/26   1.000%(Q)     9,960   1.000%   11,487   162,465   (150,978)   Goldman Sachs International
                      $(80,113,224)   $(53,419,805)   $(26,693,419)    
    
Reference
Entity/
Obligation
Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Value at
Trade Date
  Value at
July 31,
2022
  Unrealized
Appreciation
(Depreciation)
 
Centrally Cleared Credit Default Swap Agreements on credit indices - Buy Protection(1):  
CDX.NA.IG.38.V1 06/20/27   1.000%(Q)     290,000  $(1,291,514)    $(2,885,933)    $(1,594,419)
iTraxx.EUR.37.V1 06/20/27   1.000%(Q)   EUR 185,640 520,971   (201,724)   (722,695)
                  $(770,543)   $(3,087,657)   $(2,317,114)
The Fund 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 Fund 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 Fund 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 Fund is a seller of protection, it receives the fixed rate. When a credit event occurs, as defined under the terms of
78

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
  that particular swap agreement, the Fund 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 Fund 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 Fund is the seller of protection as of the reporting date serve as an indicator of the current status of the payment/ performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include up-front payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement.
* When an implied credit spread is not available, reference the fair value of credit default swap agreements on credit indices and asset-backed securities. Where the Fund is the seller of protection, it serves as an indicator of the current status of the payment/performance risk and represents the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the reporting date. Increasing fair value in absolute terms, when compared to the notional amount of the swap, represents a deterioration of the referenced entity’s credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement.
    
Currency swap agreements outstanding at July 31, 2022:
Notional
Amount
(000)#
  Fund
Receives
  Notional
Amount
(000)#
  Fund
Pays
  Counterparty   Termination
Date
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
OTC Currency Swap Agreements:
CNH 10,000   2.350%(Q)     1,564   1 Day SOFR(Q)   Standard Chartered Bank   01/10/27    $(99,363)    $—    $(99,363)
IDR 50,000,000   8.220%(S)     3,454   6 Month LIBOR(S)   Citibank, N.A.   11/29/23   75,066     75,066
PEN 32,632   3.420%(S)     8,000   6 Month LIBOR(S)   Morgan Stanley & Co. International PLC   08/12/24   112,968     112,968
                            $88,671   $—   $88,671
    
79

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Inflation swap agreements outstanding at July 31, 2022:
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
July 31,
2022
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Inflation Swap Agreements:
EUR 14,000   05/15/23   1.485%(T)   France CPI ex Tobacco Household(1)(T)    $—    $754,998    $754,998
EUR 14,000   05/15/23   1.510%(T)   Eurostat Eurozone HICP ex Tobacco(2)(T)     (1,535,581)   (1,535,581)
                    $—   $(780,583)   $(780,583)
(1) The Fund pays the fixed rate and receives the floating rate.
(2) The Fund pays the floating rate and receives the fixed rate.
Interest rate swap agreements outstanding at July 31, 2022:
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
July 31,
2022
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements:
AUD 4,000   09/21/22   3.830%(S)   6 Month BBSW(2)(S)    $(6,911)    $46,623    $53,534
AUD 7,580   09/25/22   2.958%(S)   6 Month BBSW(2)(S)     62,365   62,365
AUD 10,000   07/10/33   2.987%(S)   6 Month BBSW(2)(S)   119,496   (342,572)   (462,068)
AUD 10,000   03/26/36   2.101%(S)   6 Month BBSW(2)(S)     (1,094,212)   (1,094,212)
CAD 51,805   04/03/25   0.970%(S)   3 Month CDOR(2)(S)   92,030   (2,386,254)   (2,478,284)
CAD 25,000   05/01/25   0.758%(S)   3 Month CDOR(2)(S)   (66)   (1,314,477)   (1,314,411)
CAD 10,595   12/03/37   2.750%(S)   3 Month CDOR(1)(S)   927,992   540,855   (387,137)
CAD 5,000   12/03/48   2.800%(S)   3 Month CDOR(2)(S)   585,864   (317,750)   (903,614)
CHF 14,500   01/31/29   0.260%(A)   1 Day SARON(2)(S)   (63,318)   (691,939)   (628,621)
CHF 800   10/17/31   0.033%(A)   1 Day SARON(2)(S)   (746)   (88,438)   (87,692)
CHF 4,000   11/05/31   0.125%(A)   1 Day SARON(2)(A)     (361,989)   (361,989)
CHF 700   04/03/33   0.687%(A)   1 Day SARON(2)(S)   (4,120)   (45,627)   (41,507)
CLP 634,000   02/11/30   3.085%(S)   1 Day CLOIS(2)(S)     (161,521)   (161,521)
CLP 800,000   07/13/30   2.030%(S)   1 Day CLOIS(2)(S)     (252,953)   (252,953)
80

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2022 (continued):
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
July 31,
2022
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements (cont’d.):
CNH 78,000   09/03/24   2.860%(Q)   7 Day China Fixing Repo Rates(2)(Q)    $(46)    $185,411    $185,457
CNH 76,000   10/09/24   2.860%(Q)   7 Day China Fixing Repo Rates(2)(Q)   (17)   174,712   174,729
CNH 98,660   11/01/24   3.120%(Q)   7 Day China Fixing Repo Rates(2)(Q)   (155)   352,013   352,168
CNH 92,700   02/04/25   2.600%(Q)   7 Day China Fixing Repo Rates(2)(Q)     158,301   158,301
CNH 330,000   02/05/25   2.600%(Q)   7 Day China Fixing Repo Rates(2)(Q)   (61)   562,999   563,060
CNH 18,100   03/10/25   2.300%(Q)   7 Day China Fixing Repo Rates(2)(Q)   (12)   7,533   7,545
CNH 25,000   03/12/25   2.400%(Q)   7 Day China Fixing Repo Rates(2)(Q)   (4)   20,099   20,103
CNH 149,980   05/08/25   1.860%(Q)   7 Day China Fixing Repo Rates(2)(Q)   (323)   (215,773)   (215,450)
CNH 80,785   06/01/25   1.973%(Q)   7 Day China Fixing Repo Rates(2)(Q)   30   (84,037)   (84,067)
CNH 118,700   07/02/25   2.330%(Q)   7 Day China Fixing Repo Rates(2)(Q)   (51)   45,861   45,912
CNH 161,860   07/13/25   2.653%(Q)   7 Day China Fixing Repo Rates(2)(Q)   (126)   282,503   282,629
CNH 48,542   08/06/25   2.555%(Q)   7 Day China Fixing Repo Rates(2)(Q)   (51)   74,259   74,310
CNH 129,600   09/01/25   2.735%(Q)   7 Day China Fixing Repo Rates(2)(Q)   (104)   293,601   293,705
CNH 225,740   11/02/25   2.588%(Q)   7 Day China Fixing Repo Rates(2)(Q)   421   378,641   378,220
81

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2022 (continued):
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
July 31,
2022
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements (cont’d.):
CNH 200,000   12/09/25   2.855%(Q)   7 Day China Fixing Repo Rates(2)(Q)    $   $571,364    $571,364
CNH 192,490   01/05/26   2.660%(Q)   7 Day China Fixing Repo Rates(2)(Q)   (359)   348,220   348,579
CNH 40,000   03/03/26   2.840%(Q)   7 Day China Fixing Repo Rates(2)(Q)   (85)   114,008   114,093
CNH 50,000   03/23/26   2.875%(Q)   7 Day China Fixing Repo Rates(2)(Q)     147,652   147,652
CNH 345,920   04/12/26   2.810%(Q)   7 Day China Fixing Repo Rates(2)(Q)   (915)   886,062   886,977
CNH 6,300   12/22/26   2.460%(Q)   7 Day China Fixing Repo Rates(2)(Q)     3,268   3,268
CZK 250,000   11/17/22   1.505%(A)   6 Month PRIBOR(2)(S)     (172,019)   (172,019)
CZK 875,720   01/28/24   1.938%(A)   6 Month PRIBOR(2)(S)     (2,393,415)   (2,393,415)
DKK 13,600   05/04/25   0.825%(A)   6 Month CIBOR(2)(S)   15   (25,125)   (25,140)
DKK 5,000   08/29/26   0.580%(A)   6 Month CIBOR(2)(S)   15   (22,203)   (22,218)
DKK 1,300   10/21/26   0.673%(A)   6 Month CIBOR(2)(S)   12   (5,336)   (5,348)
DKK 13,000   03/15/27   1.123%(A)   6 Month CIBOR(2)(S)     (28,393)   (28,393)
DKK 1,865   06/22/27   0.987%(A)   6 Month CIBOR(2)(S)     (7,423)   (7,423)
EUR 447,550   11/23/24   (0.046)%(A)   6 Month EURIBOR(2)(S)     (6,071,955)   (6,071,955)
EUR 229,995   12/02/24   (0.285)%(A)   6 Month EURIBOR(2)(S)     (7,639,335)   (7,639,335)
EUR 27,230   08/15/30   (0.191)%(A)   1 Day EuroSTR(2)(A)   (11,868)   (3,005,764)   (2,993,896)
EUR 1,500   08/26/31   0.562%(A)   6 Month EURIBOR(2)(S)   132   (123,200)   (123,332)
EUR 1,700   12/14/31   1.217%(A)   6 Month EURIBOR(2)(S)   124   (43,709)   (43,833)
82

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2022 (continued):
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
July 31,
2022
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements (cont’d.):
EUR 1,850   12/19/31   1.160%(A)   6 Month EURIBOR(2)(S)    $403    $(59,787)    $(60,190)
EUR 2,300   12/19/31   1.161%(A)   6 Month EURIBOR(2)(S)   (10,455)   (74,107)   (63,652)
EUR 2,600   12/27/31   1.082%(A)   6 Month EURIBOR(2)(S)   9,368   (104,907)   (114,275)
EUR 6,400   02/23/32   1.180%(A)   6 Month EURIBOR(2)(S)   156   (208,084)   (208,240)
EUR 4,680   03/29/32   1.170%(A)   6 Month EURIBOR(2)(S)   1,419   (164,644)   (166,063)
EUR 1,400   04/04/32   1.145%(A)   6 Month EURIBOR(2)(S)     (53,341)   (53,341)
EUR 2,000   04/10/32   1.105%(A)   6 Month EURIBOR(2)(S)     (84,474)   (84,474)
EUR 4,150   05/11/32   1.100%(A)   6 Month EURIBOR(2)(S)   (78,477)   (185,681)   (107,204)
EUR 7,000   06/28/32   0.785%(A)   6 Month EURIBOR(2)(S)   (51,394)   (553,316)   (501,922)
EUR 3,050   10/30/32   1.302%(A)   6 Month EURIBOR(2)(S)     (66,941)   (66,941)
EUR 14,225   05/11/33   1.000%(A)   6 Month EURIBOR(2)(S)   (318,685)   (928,993)   (610,308)
EUR 11,478   11/12/36   0.610%(A)   6 Month EURIBOR(2)(S)     (616,725)   (616,725)
EUR 365   05/11/39   1.100%(A)   1 Day EuroSTR(2)(A)   (3,023)   (25,388)   (22,365)
EUR 23,435   11/12/41   0.454%(A)   6 Month EURIBOR(1)(S)     1,018,689   1,018,689
EUR 12,485   11/24/41   0.565%(A)   6 Month EURIBOR(1)(S)     1,357,549   1,357,549
EUR 12,485   11/24/41   0.600%(A)   3 Month EURIBOR(2)(Q)     (1,492,829)   (1,492,829)
EUR 30,272   11/25/41   0.629%(A)   6 Month EURIBOR(1)(S)     3,133,125   3,133,125
EUR 30,272   11/25/41   0.663%(A)   3 Month EURIBOR(2)(Q)     (3,464,680)   (3,464,680)
EUR 8,450   02/17/42   0.536%(A)   6 Month EURIBOR(2)(S)     (1,719,519)   (1,719,519)
EUR 17,040   03/22/42   1.257%(A)   6 Month EURIBOR(1)(S)     850,135   850,135
EUR 17,040   03/22/42   1.310%(A)   3 Month EURIBOR(2)(Q)     (1,011,450)   (1,011,450)
83

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2022 (continued):
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
July 31,
2022
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements (cont’d.):
EUR 3,190   05/11/42   1.350%(A)   6 Month EURIBOR(2)(S)    $(160,835)    $(197,649)    $(36,814)
EUR 1,235   07/04/42   1.001%(A)   6 Month EURIBOR(2)(S)   (123,038)   (156,520)   (33,482)
EUR 24,475   03/09/46   0.425%(A)   6 Month EURIBOR(2)(S)     (5,951,412)   (5,951,412)
EUR 2,500   11/08/46   0.275%(A)   1 Day EuroSTR(2)(A)     (628,875)   (628,875)
EUR 9,135   05/11/49   1.450%(A)   6 Month EURIBOR(2)(S)   607,772   (211,475)   (819,247)
EUR 11,820   11/12/51   (0.012)%(A)   6 Month EURIBOR(2)(S)     (355,958)   (355,958)
GBP 75,995   05/08/27   1.050%(A)   1 Day SONIA(1)(A)   4,109,692   4,811,198   701,506
GBP 11,110   05/08/29   1.100%(A)   1 Day SONIA(1)(A)   1,143,915   834,659   (309,256)
GBP 18,500   05/08/42   1.250%(A)   1 Day SONIA(2)(A)   106,854   (2,899,889)   (3,006,743)
GBP 13,725   05/08/46   1.250%(A)   1 Day SONIA(2)(A)   2,482,628   (2,457,732)   (4,940,360)
GBP 3,440   05/08/49   1.250%(A)   1 Day SONIA(2)(A)   691,135   (665,080)   (1,356,215)
GBP 3,540   09/03/50   0.328%(A)   1 Day SONIA(2)(A)   (33)   (1,555,160)   (1,555,127)
GBP 1,800   05/08/52   1.250%(A)   1 Day SONIA(2)(A)   (240,798)   (370,043)   (129,245)
HUF 500,000   03/31/31   2.460%(A)   6 Month BUBOR(2)(S)     (465,096)   (465,096)
ILS 40,440   04/16/28   0.928%(A)   3 Month TELBOR(2)(Q)   (454)   (852,110)   (851,656)
JPY 3,276,010   12/20/24   0.126%(S)   1 Day TONAR(2)(S)   (11,029)   15,092   26,121
JPY 950,000   01/15/25   0.000%(S)   1 Day TONAR(2)(S)   736   (18,749)   (19,485)
JPY 9,000,000   03/02/26   0.029%(S)   1 Day TONAR(2)(S)   18   (260,933)   (260,951)
JPY 5,000,000   06/02/26   0.009%(S)   1 Day TONAR(2)(S)   38   (193,229)   (193,267)
JPY 2,000,000   01/04/27   (0.033)%(S)   1 Day TONAR(2)(S)   3,749   (125,937)   (129,686)
JPY 2,100,000   05/06/27   0.020%(S)   1 Day TONAR(2)(S)   55   (108,415)   (108,470)
84

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2022 (continued):
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
July 31,
2022
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements (cont’d.):
JPY 1,800,000   11/12/28   0.011%(S)   1 Day TONAR(2)(S)    $71    $(176,543)    $(176,614)
JPY 135,000   02/20/29   1.260%(S)   1 Day TONAR(2)(S)   (4,014)   73,718   77,732
JPY 2,500,000   03/22/29   0.068%(S)   1 Day TONAR(2)(S)   (1,748)   (203,978)   (202,230)
JPY 50,000   04/02/29   1.288%(S)   1 Day TONAR(2)(S)   (925)   27,813   28,738
JPY 100,000   08/18/29   1.070%(S)   1 Day TONAR(2)(S)   (2,576)   46,691   49,267
JPY 100,000   08/28/29   1.043%(S)   1 Day TONAR(2)(S)   (2,213)   45,023   47,236
JPY 200,000   09/09/29   1.061%(S)   1 Day TONAR(2)(S)   (4,098)   92,047   96,145
JPY 655,000   09/29/29   1.064%(S)   1 Day TONAR(2)(S)   (10,468)   300,879   311,347
JPY 300,000   07/02/30   0.047%(S)   1 Day TONAR(2)(S)   (210)   (42,432)   (42,222)
JPY 200,000   04/01/31   0.319%(S)   1 Day TONAR(2)(S)   (889)   1,481   2,370
JPY 215,000   05/06/31   0.354%(S)   1 Day TONAR(2)(S)   (497)   5,582   6,079
JPY 150,000   07/07/31   0.071%(S)   1 Day TONAR(2)(S)   (229)   (25,820)   (25,591)
JPY 700,000   08/05/31   0.026%(S)   1 Day TONAR(2)(S)   48   (144,871)   (144,919)
JPY 256,500   08/15/31   0.223%(S)   1 Day TONAR(2)(S)   (1,319)   (17,789)   (16,470)
JPY 130,000   08/30/31   0.217%(S)   1 Day TONAR(2)(S)   (543)   (9,771)   (9,228)
JPY 120,000   09/08/31   0.316%(S)   1 Day TONAR(2)(S)   (705)   (768)   (63)
JPY 190,000   09/21/31   0.328%(S)   1 Day TONAR(2)(S)   (999)   (77)   922
JPY 350,000   10/14/31   0.270%(S)   1 Day TONAR(2)(S)   (1,068)   (15,559)   (14,491)
JPY 200,000   04/06/32   0.484%(S)   1 Day TONAR(2)(S)   (1,298)   19,261   20,559
JPY 159,520   04/07/32   0.491%(S)   1 Day TONAR(2)(S)   (1,035)   16,199   17,234
JPY 1,200,000   05/19/32   0.023%(S)   1 Day TONAR(2)(S)   (28)   (305,050)   (305,022)
85

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2022 (continued):
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
July 31,
2022
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements (cont’d.):
JPY 800,000   05/29/32   0.016%(S)   1 Day TONAR(2)(S)    $(3)    $(208,808)    $(208,805)
JPY 140,000   06/07/32   0.451%(S)   1 Day TONAR(2)(S)     8,643   8,643
JPY 71,000   09/21/32   0.463%(S)   1 Day TONAR(2)(S)   (544)   4,831   5,375
JPY 160,000   11/14/32   2.390%(S)   1 Day TONAR(2)(S)     235,773   235,773
JPY 900,000   01/04/38   0.757%(S)   1 Day TONAR(2)(S)   (23,915)   110,125   134,040
JPY 800,000   03/28/38   0.656%(S)   1 Day TONAR(2)(S)   (8,220)   6,351   14,571
JPY 675,000   04/06/38   0.655%(S)   1 Day TONAR(2)(S)   (6,145)   2,761   8,906
JPY 1,815,000   04/18/38   0.675%(S)   1 Day TONAR(2)(S)   (13,792)   43,340   57,132
JPY 600,000   08/10/38   0.822%(S)   1 Day TONAR(2)(S)   (13,189)   115,031   128,220
JPY 2,430,385   12/03/38   0.600%(S)   1 Day TONAR(2)(S)   (1,318)   (261,113)   (259,795)
JPY 969,000   12/03/39   0.650%(S)   1 Day TONAR(2)(S)   (572)   (101,955)   (101,383)
JPY 166,000   05/09/43   0.820%(S)   1 Day TONAR(2)(S)   (876)   (6,454)   (5,578)
JPY 2,000,000   10/23/45   0.333%(S)   1 Day TONAR(2)(S)   (6,539)   (1,890,683)   (1,884,144)
JPY 775,000   04/12/46   0.496%(S)   1 Day TONAR(2)(S)   (4,852)   (545,258)   (540,406)
JPY 110,291   04/15/46   0.560%(S)   1 Day TONAR(2)(S)   (727)   (65,809)   (65,082)
JPY 26,000   10/04/47   0.942%(S)   1 Day TONAR(2)(S)   (360)   (50)   310
JPY 560,000   11/24/47   0.888%(S)   1 Day TONAR(2)(S)   (1,498)   (62,795)   (61,297)
JPY 500,000   05/29/50   0.186%(S)   1 Day TONAR(2)(S)   (163)   (771,011)   (770,848)
JPY 500,000   08/26/50   0.334%(S)   1 Day TONAR(2)(S)   (3,718)   (634,941)   (631,223)
JPY 1,000,000   12/16/50   0.338%(S)   1 Day TONAR(2)(S)   (12,792)   (1,288,021)   (1,275,229)
JPY 1,200,000   02/08/51   0.467%(S)   1 Day TONAR(2)(S)   (15,210)   (1,243,835)   (1,228,625)
86

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2022 (continued):
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
July 31,
2022
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements (cont’d.):
JPY 1,650,000   03/30/51   0.520%(S)   1 Day TONAR(2)(S)    $(13,141)    $(1,556,394)    $(1,543,253)
KRW 18,824,000   08/06/25   0.830%(Q)   3 Month KWCDC(2)(Q)   (16)   (952,114)   (952,098)
KRW 20,447,900   09/10/28   2.043%(Q)   3 Month KWCDC(2)(Q)   510,641   (760,166)   (1,270,807)
KRW 3,120,000   10/18/29   1.313%(Q)   3 Month KWCDC(2)(Q)   9   (250,913)   (250,922)
KRW 11,000,000   02/05/30   1.319%(Q)   3 Month KWCDC(2)(Q)   17   (915,242)   (915,259)
KRW 2,455,000   04/27/30   1.065%(Q)   3 Month KWCDC(2)(Q)   2   (241,834)   (241,836)
KRW 10,000,000   07/16/30   1.000%(Q)   3 Month KWCDC(2)(Q)   (40)   (1,047,568)   (1,047,528)
KRW 5,000,000   01/05/31   1.258%(Q)   3 Month KWCDC(2)(Q)     (469,437)   (469,437)
KRW 21,000,000   08/13/31   1.630%(Q)   3 Month KWCDC(2)(Q)     (1,601,382)   (1,601,382)
NOK 36,000   02/07/29   2.083%(A)   6 Month NIBOR(2)(S)     (181,698)   (181,698)
NOK 48,000   10/07/29   1.660%(A)   6 Month NIBOR(2)(S)     (367,043)   (367,043)
NZD 6,450   11/28/28   2.950%(S)   3 Month BBR(2)(Q)     (133,057)   (133,057)
PLN 10,000   03/26/31   1.675%(A)   6 Month WIBOR(2)(S)     (535,294)   (535,294)
SGD 17,215   07/29/31   1.120%(S)   6 Month SIBOR(2)(S)   108,421   (1,642,897)   (1,751,318)
THB 120,000   08/23/23   1.920%(Q)   1 Day THOR(2)(Q)     16,220   16,220
THB 60,000   07/04/24   1.590%(Q)   1 Day THOR(2)(Q)     (9,231)   (9,231)
THB 173,600   04/28/30   1.020%(Q)   1 Day THOR(2)(Q)     (449,754)   (449,754)
THB 23,000   05/29/30   2.645%(Q)   1 Day THOR(2)(Q)   (1,033)   17,415   18,448
THB 72,900   06/25/30   0.990%(Q)   1 Day THOR(2)(Q)     (196,793)   (196,793)
THB 200,200   07/03/30   1.028%(Q)   1 Day THOR(2)(Q)     (527,284)   (527,284)
THB 115,500   08/17/31   1.320%(Q)   1 Day THOR(2)(Q)     (274,057)   (274,057)
87

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2022 (continued):
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
July 31,
2022
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements (cont’d.):
  219,110   11/09/22   0.061%(A)   1 Day SOFR(1)(A)    $   $2,208,921    $2,208,921
  48,592   08/15/28   1.220%(A)   1 Day SOFR(1)(A)     3,051,646   3,051,646
  4,980   08/15/44   2.392%(A)   1 Day USOIS(1)(A)     21,403   21,403
                    $10,252,194   $(51,572,145)   $(61,824,339)
    
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Fair
Value
  Upfront
Premiums
Paid(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Interest Rate Swap Agreements:
CNH 10,000   04/02/26   3.120%(Q)   7 Day China Fixing Repo Rates(2)(Q)    $42,170    $3    $42,167   Citibank, N.A.
CNH 5,000   10/14/31   2.675%(Q)   7 Day China Fixing Repo Rates(2)(Q)   5,703     5,703   Standard Chartered Bank
CNH 30,000   11/02/31   2.700%(Q)   7 Day China Fixing Repo Rates(2)(Q)   50,533     50,533   Standard Chartered Bank
ILS 7,500   12/09/22   1.530%(A)   3 Month TELBOR(2)(Q)   16,316     16,316   Citibank, N.A.
ILS 4,200   06/27/23   3.730%(A)   3 Month TELBOR(2)(Q)   18,522     18,522   Credit Suisse International
JPY 35,000   12/14/32   1.575%(S)   6 Month JPY LIBOR(2)(S)   32,392     32,392   HSBC Bank PLC
KRW 655,000   10/07/22   1.765%(Q)   3 Month KWCDC(2)(Q)   (373)     (373)   JPMorgan Chase Bank, N.A.
KRW 3,300,000   04/17/23   2.170%(Q)   3 Month KWCDC(2)(Q)   (15,116)   (44)   (15,072)   Morgan Stanley & Co. International PLC
KRW 900,000   11/05/24   2.425%(Q)   3 Month KWCDC(2)(Q)   (8,255)     (8,255)   Citibank, N.A.
KRW 1,485,000   10/28/26   1.520%(Q)   3 Month KWCDC(2)(Q)   (66,917)   (7)   (66,910)   JPMorgan Chase Bank, N.A.
KRW 2,040,000   04/26/27   1.880%(Q)   3 Month KWCDC(2)(Q)   (75,113)     (75,113)   Morgan Stanley & Co. International PLC
KRW 1,280,000   10/17/28   1.450%(Q)   3 Month KWCDC(2)(Q)   (83,278)     (83,278)   Citibank, N.A.
KRW 520,000   01/27/31   1.870%(Q)   3 Month KWCDC(2)(Q)   (30,204)     (30,204)   JPMorgan Chase Bank, N.A.
88

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2022 (continued):
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Fair
Value
  Upfront
Premiums
Paid(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Interest Rate Swap Agreements (cont’d.):
MYR 16,000   08/19/23   3.445%(Q)   3 Month KLIBOR(2)(Q)    $22,032    $   $22,032   Morgan Stanley & Co. International PLC
MYR 1,700   04/28/25   4.040%(Q)   3 Month KLIBOR(2)(Q)   6,759     6,759   Citibank, N.A.
MYR 23,575   04/09/26   2.625%(Q)   3 Month KLIBOR(2)(Q)   (147,161)   (319)   (146,842)   Morgan Stanley & Co. International PLC
MYR 45,900   08/12/26   2.605%(Q)   3 Month KLIBOR(2)(Q)   (313,166)   (639)   (312,527)   HSBC Bank PLC
MYR 3,160   07/11/29   3.528%(Q)   3 Month KLIBOR(2)(Q)   (1,723)   (6)   (1,717)   Morgan Stanley & Co. International PLC
MYR 11,700   11/19/29   3.245%(Q)   3 Month KLIBOR(2)(Q)   (53,656)   18   (53,674)   Morgan Stanley & Co. International PLC
MYR 17,800   02/04/30   3.060%(Q)   3 Month KLIBOR(2)(Q)   (133,831)   9   (133,840)   Morgan Stanley & Co. International PLC
THB 28,900   04/30/25   2.560%(S)   6 Month THBFIX(2)(S)   15,173     15,173   Citibank, N.A.
THB 173,000   05/07/25   0.795%(S)   6 Month THBFIX(2)(S)   (157,433)   15   (157,448)   HSBC Bank PLC
  3,000   01/26/32   —(3)   —(3)   11,786     11,786   Citibank, N.A.
ZAR 40,930   03/22/42   7.800%(Q)   3 Month JIBAR(2)(Q)   (276,869)     (276,869)   Citibank, N.A.
ZAR 89,400   09/22/42   8.020%(Q)   3 Month JIBAR(2)(Q)   (494,617)     (494,617)   Citibank, N.A.
ZAR 38,700   03/22/47   7.650%(Q)   3 Month JIBAR(1)(Q)   322,125     322,125   Citibank, N.A.
ZAR 83,965   09/22/47   7.890%(Q)   3 Month JIBAR(1)(Q)   573,707     573,707   Citibank, N.A.
                  $(740,494)   $(970)   $(739,524)    
    
(1) The Fund pays the fixed rate and receives the floating rate.
(2) The Fund pays the floating rate and receives the fixed rate.
(3) The Fund pays the floating rate of 1 Week MUNIPSA quarterly and receives the floating rate of 1 Day SOFR quarterly.
Other information regarding the Fund is available in the Fund’s most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
89