PGIM Core Bond Fund
Schedule of Investments (unaudited) as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
Long-Term Investments 99.7%
Asset-Backed Securities 15.6%
Automobiles 6.1%
AmeriCredit Automobile Receivables Trust,          
Series 2021-03, Class C 1.410 % 08/18/27   187  $186,400
Series 2023-01, Class C 5.800 12/18/28   2,100 2,128,847
Series 2023-02, Class C 6.000 07/18/29   900 920,065
     
 
ARI Fleet Lease Trust,
Series 2025-B, Class A2, 144A
4.590 03/15/34   6,710 6,730,689
Avis Budget Rental Car Funding AESOP LLC,          
Series 2021-02A, Class A, 144A 1.660 02/20/28   3,800 3,742,870
Series 2022-01A, Class A, 144A 3.830 08/21/28   4,700 4,674,256
Series 2023-01A, Class A, 144A 5.250 04/20/29   6,600 6,688,430
Series 2023-02A, Class A, 144A 5.200 10/20/27   1,800 1,805,153
Series 2024-01A, Class A, 144A 5.360 06/20/30   1,900 1,938,060
Series 2024-03A, Class A, 144A 5.230 12/20/30   1,800 1,830,935
BOF VII AL Funding Trust I,          
Series 2023-CAR03, Class A2, 144A 6.291 07/26/32   715 725,704
Series 2023-CAR03, Class B, 144A 6.632 07/26/32   278 281,408
     
 
Chesapeake Funding II LLC,
Series 2024-01A, Class A1, 144A
5.520 05/15/36   638 644,731
Enterprise Fleet Financing LLC,          
Series 2025-03, Class A2, 144A 4.500 04/20/28   2,109 2,114,998
Series 2025-04, Class A2, 144A 4.050 08/20/28   3,800 3,797,164
Ford Credit Auto Owner Trust,          
Series 2021-02, Class B, 144A 1.910 05/15/34   600 592,134
Series 2023-01, Class A, 144A 4.850 08/15/35   2,000 2,020,557
Series 2023-02, Class A, 144A 5.280 02/15/36   2,800 2,857,249
Series 2025-02, Class A, 144A 4.370(cc) 02/15/38   11,182 11,138,995
Ford Credit Floorplan Master Owner Trust,          
Series 2024-03, Class A1, 144A 4.300 09/15/29   7,700 7,714,470
Series 2025-01, Class A1 4.630 04/15/30   5,700 5,741,275
GM Financial Consumer Automobile Receivables Trust,          
Series 2023-04, Class B 6.160 04/16/29   1,100 1,123,578
Series 2023-04, Class C 6.410 05/16/29   700 716,260
GM Financial Revolving Receivables Trust,          
Series 2021-01, Class B, 144A 1.490 06/12/34   200 197,959
Series 2023-02, Class A, 144A 5.770 08/11/36   500 517,494
Series 2024-01, Class A, 144A 4.980 12/11/36   2,600 2,647,162
Series 2024-02, Class A, 144A 4.520 03/11/37   5,000 5,028,112
     
 
GMF Floorplan Owner Revolving Trust,
Series 2024-04A, Class A1, 144A
4.730 11/15/29   4,400 4,433,320
OneMain Direct Auto Receivables Trust,          
Series 2023-01A, Class A, 144A 5.410 11/14/29   4,099 4,127,138
Series 2025-01A, Class A, 144A 5.360 04/16/35   8,200 8,394,944
Series 2026-01A, Class A, 144A 4.490 12/14/33   8,700 8,656,303
Santander Drive Auto Receivables Trust,          
Series 2023-01, Class C 5.090 05/15/30   560 563,217
Series 2023-03, Class C 5.770 11/15/30   1,500 1,520,193
Series 2023-04, Class C 6.040 12/15/31   2,500 2,549,463
Series 2023-06, Class B 5.980 04/16/29   1,100 1,110,055
Series 2024-02, Class C 5.840 06/17/30   1,000 1,016,245
Series 2024-04, Class C 4.950 04/15/30   3,400 3,416,961
Series 2024-05, Class C 4.780 01/15/31   3,000 3,011,480
Series 2025-01, Class C 5.040 03/17/31   6,500 6,545,305
Series 2025-03, Class C 4.680 09/15/31   3,800 3,800,134
SFS Auto Receivables Securitization Trust,          
Series 2023-01A, Class B, 144A 5.710 01/22/30   300 304,691
Series 2023-01A, Class C, 144A 5.970 02/20/31   500 509,686
     
 
1
PGIM Core Bond Fund

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
Asset-Backed Securities (Continued)
Automobiles (cont’d.)
     
Toyota Auto Loan Extended Note Trust,
Series 2025-01A, Class A, 144A
4.650 % 05/25/38   5,400  $5,454,321
Westlake Automobile Receivables Trust,
Series 2025-02A, Class B, 144A
4.630 01/15/31   2,400 2,409,163
Wheels Fleet Lease Funding LLC,          
Series 2023-01A, Class A, 144A 5.800 04/18/38   849 852,348
Series 2024-01A, Class A1, 144A 5.490 02/18/39   1,481 1,494,351
Series 2025-02A, Class A1, 144A 4.410 05/18/40   5,600 5,612,746
     
 
Yamaha Motor Master Trust II,
Series 2026-A, Class A1, 144A
4.430 04/15/31   3,000 3,002,601
          147,289,620
Collateralized Loan Obligations 6.7%
Anchorage Capital CLO Ltd. (Cayman Islands),
Series 2019-11A, Class AR2, 144A, 3 Month SOFR + 1.530% (Cap N/A, Floor 1.530%)
5.194(c) 07/22/37   10,000 10,012,734
Ares Loan Funding Ltd. (Cayman Islands),
Series 2025-ALF09A, Class A1, 144A, 3 Month SOFR + 1.180% (Cap N/A, Floor 1.180%)
4.853(c) 03/31/38   10,500 10,498,032
Carlyle US CLO Ltd. (Cayman Islands),
Series 2021-05A, Class A1R, 144A, 3 Month SOFR + 1.320% (Cap N/A, Floor 1.320%)
4.995(c) 03/31/38   7,000 7,018,546
CIFC Funding Ltd. (Cayman Islands),
Series 2018-02A, Class A1R, 144A, 3 Month SOFR + 1.370% (Cap N/A, Floor 1.370%)
5.045(c) 10/20/37   14,750 14,779,794
Elevation CLO Ltd. (Cayman Islands),
Series 2021-12A, Class A1R, 144A, 3 Month SOFR + 1.620% (Cap N/A, Floor 1.620%)
5.295(c) 04/20/37   10,000 10,013,737
Elmwood CLO Ltd. (Cayman Islands),
Series 2019-02A, Class A1RR, 144A, 3 Month SOFR + 1.350% (Cap N/A, Floor 1.350%)
5.025(c) 10/20/37   14,750 14,778,330
Kennedy Lewis CLO Ltd. (Cayman Islands),
Series 08A, Class A1R2, 144A, 3 Month SOFR + 1.380% (Cap N/A, Floor 1.380%)
5.055(c) 01/20/38   14,750 14,779,133
Madison Park Funding Ltd. (Cayman Islands),
Series 2018-29A, Class A1R2, 144A, 3 Month SOFR + 1.180% (Cap N/A, Floor 1.180%)
4.855(c) 03/25/38   11,230 11,229,918
Marble Point CLO Ltd. (Cayman Islands),
Series 2022-02A, Class A1RR, 144A, 3 Month SOFR + 1.190% (Cap N/A, Floor 1.190%)
4.865(c) 10/20/36   11,750 11,738,792
Octagon Alto Ltd. (Cayman Islands),
Series 2023-01A, Class A1R, 144A, 3 Month SOFR + 1.140% (Cap N/A, Floor 1.140%)
4.815(c) 10/20/36   11,750 11,743,233
Park Blue CLO Ltd. (United Kingdom),
Series 2023-04A, Class A1R, 144A, 3 Month SOFR + 1.250% (Cap N/A, Floor 1.250%)
4.917(c) 01/25/39   11,000 11,025,131
Sound Point CLO Ltd. (Cayman Islands),
Series 2019-02A, Class AR, 144A, 3 Month SOFR + 1.432% (Cap N/A, Floor 1.170%)
5.105(c) 07/15/34   2,200 2,200,697
Texas Debt Capital CLO Ltd. (Cayman Islands),
Series 2025-01A, Class A1, 144A, 3 Month SOFR + 1.140% (Cap N/A, Floor 1.140%)
4.807(c) 04/24/38   10,000 9,990,913
THL Credit Wind River CLO Ltd. (Cayman Islands),
Series 2020-01A, Class A1R, 144A, 3 Month SOFR + 1.570% (Cap N/A, Floor 1.570%)
5.245(c) 07/20/37   12,000 12,022,314
Tikehau US CLO Ltd. (Bermuda),
Series 2025-01A, Class A1, 144A, 3 Month SOFR + 1.220% (Cap N/A, Floor 1.220%)
4.887(c) 02/25/38   10,500 10,510,734
          162,342,038
Consumer Loans 1.2%
Affirm Master Trust,          
Series 2025-02A, Class A, 144A 4.670 07/15/33   5,100 5,115,394
Series 2026-02A, Class A, 144A 4.670 04/16/35   4,200 4,201,458
GreenSky Home Improvement Trust,          
Series 2024-01, Class A2, 144A 5.880 06/25/59   41 41,014
Series 2024-01, Class A4, 144A 5.670 06/25/59   596 603,831
     
 
Onemain Financial Issuance Trust,
Series 2025-01A, Class A, 144A
4.820 07/14/38   9,100 9,098,699
OneMain Financial Issuance Trust,          
Series 2020-02A, Class A, 144A 1.750 09/14/35   1,405 1,386,901
2

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
Asset-Backed Securities (Continued)
Consumer Loans (cont’d.)
OneMain Financial Issuance Trust, (cont’d.)          
Series 2021-01A, Class A2, 144A, 30 Day Average SOFR + 0.760% (Cap N/A, Floor 0.000%) 4.403 %(c) 06/16/36   2,800  $2,790,005
Series 2023-02A, Class A1, 144A 5.840 09/15/36   5,300 5,374,385
          28,611,687
Equipment 0.5%
CCG Receivables Trust,
Series 2025-02, Class A2, 144A
4.140 08/15/34   3,250 3,249,063
Dell Equipment Finance Trust,
Series 2025-02, Class A3, 144A
4.120 03/24/31   1,250 1,247,439
MMAF Equipment Finance LLC,
Series 2019-B, Class A5, 144A
2.290 11/12/41   659 657,521
Post Road Equipment Finance LLC,
Series 2026-01A, Class A2, 144A
4.470 01/18/33   6,700 6,698,898
          11,852,921
Home Equity Loans 1.0%
BRAVO Residential Funding Trust,
Series 2025-CES02, Class A1, 144A
4.960(cc) 07/26/55   2,319 2,308,325
COOPR Residential Mortgage Trust,
Series 2025-CES02, Class A1A, 144A
5.502(cc) 06/25/60   3,622 3,636,729
EFMT,
Series 2024-CES01, Class A1, 144A
5.522(cc) 01/26/60   2,966 2,975,365
JPMorgan Mortgage Trust,          
Series 2024-HE03, Class A1, 144A, 30 Day Average SOFR + 1.200% (Cap N/A, Floor 0.000%) 4.840(c) 02/25/55   2,024 2,023,005
Series 2025-CES02, Class A1, 144A 5.592(cc) 06/25/55   2,224 2,231,010
RCKT Mortgage Trust,          
Series 2024-CES03, Class A1A, 144A 6.591(cc) 05/25/44   523 528,232
Series 2024-CES06, Class A1A, 144A 5.344(cc) 09/25/44   2,860 2,862,634
     
 
Santander Mortgage Asset Receivable Trust,
Series 2025-CES01, Class A1A, 144A
5.036(cc) 09/25/55   2,132 2,121,802
Towd Point Mortgage Trust,          
Series 2023-CES02, Class A1A, 144A 7.294(cc) 10/25/63   586 589,109
Series 2024-CES01, Class A1A, 144A 5.848(cc) 01/25/64   149 149,242
Series 2024-CES03, Class A1, 144A 6.290(cc) 05/25/64   1,439 1,450,532
Series 2024-CES04, Class A1, 144A 5.122(cc) 09/25/64   1,828 1,824,052
Series 2025-CES01, Class A1, 144A 5.705(cc) 02/25/55   1,995 2,004,630
          24,704,667
Other 0.0%
Home Partners of America Trust,
Series 2021-03, Class A, 144A
2.200 01/17/41   983 922,881
Student Loans 0.1%
ELFI Graduate Loan Program LLC,
Series 2020-A, Class A, 144A
1.730 08/25/45   611 563,067
Navient Private Education Refi Loan Trust,          
Series 2019-CA, Class A2, 144A 3.130 02/15/68   64 63,948
Series 2020-BA, Class A2, 144A 2.120 01/15/69   241 231,048
Series 2020-DA, Class A, 144A 1.690 05/15/69   174 166,368
     
 
Pennsylvania Higher Education Assistance Agency,
Series 2021-01A, Class A, 144A, 30 Day Average SOFR + 0.644% (Cap N/A, Floor 0.530%)
4.290(c) 05/25/70   897 881,543
SoFi Professional Loan Program LLC,          
Series 2019-A, Class A2FX, 144A 3.690 06/15/48   99 98,666
Series 2019-C, Class A2FX, 144A 2.370 11/16/48   188 183,516
3
PGIM Core Bond Fund

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
Asset-Backed Securities (Continued)
Student Loans (cont’d.)
SoFi Professional Loan Program Trust,          
Series 2020-A, Class A2FX, 144A 2.540 % 05/15/46   386  $373,122
Series 2020-C, Class AFX, 144A 1.950 02/15/46   233 219,449
          2,780,727
     
 
Total Asset-Backed Securities
(cost $377,510,772)
378,504,541
Commercial Mortgage-Backed Securities 8.3%
Arbor Multifamily Mortgage Securities Trust,
Series 2021-MF02, Class A4, 144A
2.252 06/15/54   8,900 7,964,601
ARES Commercial Mortgage Trust,
Series 2026-AZURE, Class A, 144A, 1 Month SOFR + 1.350% (Cap N/A, Floor 1.350%)
5.005(c) 03/15/38   5,000 5,000,000
ARES Trust,
Series 2026, 144A
5.070 05/15/28   4,600 4,600,000
BANK,          
Series 2019-BN17, Class A3 3.456 04/15/52   4,116 4,001,401
Series 2019-BN20, Class A2 2.758 09/15/62   5,504 5,199,977
Series 2019-BN23, Class A2 2.669 12/15/52   2,188 2,053,747
Series 2020-BN25, Class A4 2.399 01/15/63   6,200 5,798,316
Series 2020-BN26, Class A3 2.155 03/15/63   5,000 4,620,204
Series 2020-BN27, Class A4 1.901 04/15/63   4,700 4,172,436
Series 2020-BN29, Class A3 1.742 11/15/53   2,554 2,266,054
Series 2021-BN32, Class A4 2.349 04/15/54   9,000 8,184,180
Series 2021-BN34, Class A4 2.156 06/15/63   7,000 6,268,326
Series 2021-BN38, Class A4 2.275 12/15/64   5,700 5,016,430
Barclays Commercial Mortgage Securities Trust,          
Series 2016-ETC, Class A, 144A 2.937 08/14/36   500 496,457
Series 2020-C07, Class A4 1.786 04/15/53   5,700 5,133,810
Series 2023-C21, Class A2 6.506(cc) 09/15/56   3,312 3,400,658
Series 2023-C22, Class A2 6.728 11/15/56   4,050 4,071,676
Benchmark Mortgage Trust,          
Series 2018-B01, Class A4 3.402 01/15/51   253 250,266
Series 2018-B03, Class A4 3.761 04/10/51   4,437 4,391,737
Series 2019-B10, Class A3 3.455 03/15/62   2,464 2,399,988
Series 2020-B17, Class A4 2.042 03/15/53   1,800 1,641,185
Series 2020-B21, Class A4 1.704 12/17/53   2,600 2,332,198
Series 2020-IG03, Class A2, 144A 2.475 09/15/48   1,205 1,190,212
Series 2021-B24, Class A3 2.010 03/15/54   2,600 2,384,808
Series 2023-B38, Class A2 5.626 04/15/56   6,000 6,066,345
Series 2023-B39, Class A2 6.791(cc) 07/15/56   7,000 7,193,703
Series 2025-V13, Class A4 5.815(cc) 02/15/58   8,500 8,807,409
BMO Mortgage Trust,          
Series 2023-05C1, Class A3 6.534(cc) 08/15/56   7,200 7,436,046
Series 2023-05C2, Class A3 7.296(cc) 11/15/56   9,000 9,468,984
     
 
Cantor Commercial Real Estate Lending,
Series 2019-CF03, Class A3
2.752 01/15/53   2,900 2,700,309
CD Mortgage Trust,          
Series 2016-CD01, Class A3 2.459 08/10/49   186 185,532
Series 2019-CD08, Class A3 2.657 08/15/57   2,577 2,432,779
     
 
CF Mortgage Trust,
Series 2020-P01, Class A1, 144A
2.840(cc) 04/15/52   2,774 2,758,105
CFCRE Commercial Mortgage Trust,
Series 2016-C07, Class A2
3.585 12/10/54   1,760 1,749,429
CIP Commercial Mortgage Trust,
Series 2025-SBAY, Class A, 144A, 1 Month SOFR + 1.400% (Cap N/A, Floor 1.400%)
5.055(c) 10/15/37   5,000 5,006,211
Citigroup Commercial Mortgage Trust,          
Series 2015-GC31, Class A4 3.762 06/10/48   433 425,121
Series 2016-C03, Class A3 2.896 11/15/49   607 603,499
4

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
Commercial Mortgage-Backed Securities (Continued)
Citigroup Commercial Mortgage Trust, (cont’d.)          
Series 2017-P08, Class A3 3.203 % 09/15/50   1,700  $1,677,728
Series 2019-C07, Class A3 2.860 12/15/72   818 774,234
Series 2019-GC41, Class A4 2.620 08/10/56   3,000 2,812,712
     
 
Commercial Mortgage Trust,
Series 2016-COR01, Class A3
2.826 10/10/49   619 617,141
CSAIL Commercial Mortgage Trust,
Series 2021-C20, Class A2
2.486 03/15/54   5,322 4,919,610
Deutsche Bank Commercial Mortgage Trust,
Series 2020-C09, Class A4
1.644 08/15/53   5,800 5,278,519
Fannie Mae-Aces,
Series 2019-M21, Class 3A1
2.100 06/25/34   164 163,226
FHLMC Multifamily Structured Pass-Through Certificates,
Series KW08, Class A2
3.600 01/25/29   4,500 4,424,216
JPMCC Commercial Mortgage Securities Trust,
Series 2017-JP05, Class A4
3.457 03/15/50   102 101,912
JPMDB Commercial Mortgage Securities Trust,
Series 2017-C05, Class A4
3.414 03/15/50   770 765,242
JPMorgan Chase Commercial Mortgage Securities Trust,
Series 2016-JP03, Class A4
2.627 08/15/49   462 460,731
Ladder Capital Commercial Mortgage Securities Trust,
Series 2017-LC26, Class A3, 144A
3.289 07/12/50   1,135 1,123,000
Morgan Stanley Capital I Trust,          
Series 2016-BNK02, Class A3 2.791 11/15/49   783 777,852
Series 2016-UB11, Class A3 2.531 08/15/49   583 579,769
     
 
SCG Trust,
Series 2025-SNIP, Class A, 144A, 1 Month SOFR + 1.500% (Cap N/A, Floor 1.500%)
5.155(c) 09/15/42   5,550 5,563,875
UBS Commercial Mortgage Trust,          
Series 2017-C05, Class A4 3.212 11/15/50   1,139 1,121,312
Series 2018-C09, Class A3 3.854 03/15/51   657 647,361
Series 2018-C14, Class A3 4.180 12/15/51   872 866,209
Series 2019-C18, Class A3 2.782 12/15/52   4,400 4,144,189
Wells Fargo Commercial Mortgage Trust,          
Series 2017-C38, Class A4 3.190 07/15/50   823 813,064
Series 2017-RB01, Class A4 3.374 03/15/50   976 968,348
Series 2018-C46, Class A3 3.888 08/15/51   2,000 1,985,875
Series 2019-C50, Class A4 3.466 05/15/52   2,448 2,385,222
Series 2020-C57, Class A3 1.864 08/15/53   5,300 4,801,975
Series 2021-C59, Class A3 1.958 04/15/54   5,921 5,442,688
     
 
Total Commercial Mortgage-Backed Securities
(cost $210,165,093)
200,888,149
Corporate Bonds 28.3%
Aerospace & Defense 0.6%
BAE Systems PLC (United Kingdom),          
Sr. Unsec’d. Notes, 144A 3.400 04/15/30   335 321,531
Sr. Unsec’d. Notes, 144A 5.125 03/26/29   2,570 2,624,204
Boeing Co. (The),          
Sr. Unsec’d. Notes 3.375 06/15/46   3,557 2,441,735
Sr. Unsec’d. Notes 3.550 03/01/38   495 410,186
Sr. Unsec’d. Notes 3.600 05/01/34   1,160 1,042,359
Sr. Unsec’d. Notes 3.850 11/01/48   455 328,077
Sr. Unsec’d. Notes 3.900 05/01/49   1,405 1,027,744
Sr. Unsec’d. Notes 5.705 05/01/40   190 191,711
Sr. Unsec’d. Notes 5.930 05/01/60   1,950 1,884,375
     
 
Bombardier, Inc. (Canada),
Sr. Unsec’d. Notes, 144A(a)
7.250 07/01/31   1,050 1,102,731
HEICO Corp.,
Gtd. Notes
5.250 08/01/28   725 738,082
5
PGIM Core Bond Fund

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
Corporate Bonds (Continued)
Aerospace & Defense (cont’d.)
Honeywell Aerospace, Inc.,          
Gtd. Notes, 144A 4.600 % 03/16/33   1,116  $1,102,269
Gtd. Notes, 144A 4.950 03/16/36   760 751,432
          13,966,436
Agriculture 0.5%
Altria Group, Inc.,
Gtd. Notes
3.400 05/06/30   630 602,935
BAT Capital Corp. (United Kingdom),          
Gtd. Notes 2.259 03/25/28   1,910 1,834,486
Gtd. Notes 2.726 03/25/31   2,180 1,992,555
Gtd. Notes 3.557 08/15/27   120 118,754
Gtd. Notes 4.390 08/15/37   5,500 4,995,417
Gtd. Notes 6.343 08/02/30   710 756,978
     
 
BAT International Finance PLC (United Kingdom),
Gtd. Notes
5.931 02/02/29   1,295 1,341,467
          11,642,592
Airlines 0.1%
American Airlines 2015-1 Class A Pass-Through Trust,
Pass-Through Certificates
3.375 11/01/28   50 49,189
Delta Air Lines 2020-1 Class AA Pass-Through Trust,
Pass-Through Certificates(a)
2.000 12/10/29   463 447,849
United Airlines 2016-2 Class AA Pass-Through Trust,
Pass-Through Certificates
2.875 04/07/30   232 223,676
United Airlines 2019-2 Class AA Pass-Through Trust,
Pass-Through Certificates(a)
2.700 11/01/33   329 301,030
United Airlines Holdings, Inc.,
Gtd. Notes
4.875 03/01/29   1,155 1,140,631
          2,162,375
Auto Manufacturers 1.1%
Ford Motor Co.,
Sr. Unsec’d. Notes
4.750 01/15/43   205 157,850
Ford Motor Credit Co. LLC,          
Sr. Unsec’d. Notes 2.900 02/10/29   4,250 3,991,331
Sr. Unsec’d. Notes 4.271 01/09/27   3,200 3,183,623
Sr. Unsec’d. Notes 5.875 11/07/29   575 583,765
     
 
General Motors Co.,
Sr. Unsec’d. Notes
5.200 04/01/45   950 831,380
General Motors Financial Co., Inc.,          
Gtd. Notes 3.850 01/05/28   490 485,532
Sr. Unsec’d. Notes 2.400 10/15/28   1,385 1,316,249
Sr. Unsec’d. Notes 2.700 08/20/27   375 366,638
Sr. Unsec’d. Notes 5.800 06/23/28   2,705 2,769,862
Hyundai Capital America,          
Sr. Unsec’d. Notes, 144A, MTN 2.000 06/15/28   2,550 2,415,971
Sr. Unsec’d. Notes, 144A, MTN 5.300 01/08/30   4,560 4,634,300
     
 
Toyota Motor Credit Corp.,
Sr. Unsec’d. Notes, MTN
4.800 01/05/34   1,376 1,372,539
Volkswagen Group of America Finance LLC (Germany),          
Gtd. Notes, 144A(a) 4.950 08/15/29   2,370 2,378,001
Gtd. Notes, 144A(a) 5.250 03/22/29   2,840 2,872,959
          27,360,000
6

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
Corporate Bonds (Continued)
Auto Parts & Equipment 0.1%
Clarios Global LP/Clarios US Finance Co.,
Sr. Sec’d. Notes, 144A
6.750 % 02/15/30   1,050  $1,082,519
Qnity Electronics, Inc.,          
Gtd. Notes, 144A 6.250 08/15/33   80 81,813
Sr. Sec’d. Notes, 144A 5.750 08/15/32   130 131,388
     
 
Tenneco, Inc.,
Sr. Sec’d. Notes, 144A
8.000 11/17/28   875 884,793
          2,180,513
Banks 7.4%
Banco Santander SA (Spain),
Sr. Non-Preferred Notes
5.538(ff) 03/14/30   1,000 1,022,210
Bank of America Corp.,          
Sr. Unsec’d. Notes 2.687(ff) 04/22/32   12,960 11,753,496
Sr. Unsec’d. Notes 4.477(ff) 04/23/30   3,380 3,369,432
Sr. Unsec’d. Notes 5.288(ff) 04/25/34   1,530 1,552,363
Sr. Unsec’d. Notes, GMTN 3.593(ff) 07/21/28   1,595 1,578,866
Sr. Unsec’d. Notes, MTN 2.496(ff) 02/13/31   2,705 2,504,335
Sr. Unsec’d. Notes, MTN 2.972(ff) 02/04/33   1,555 1,407,082
Sr. Unsec’d. Notes, MTN 3.824(ff) 01/20/28   1,720 1,712,959
Sr. Unsec’d. Notes, MTN 4.271(ff) 07/23/29   320 318,291
Sr. Unsec’d. Notes, Series N 2.651(ff) 03/11/32   4,500 4,089,900
Barclays PLC (United Kingdom),          
Sr. Unsec’d. Notes 2.279(ff) 11/24/27   4,370 4,315,274
Sr. Unsec’d. Notes 4.837(ff) 09/10/28   400 401,228
Sr. Unsec’d. Notes 5.207(ff) 02/24/37   3,490 3,386,119
BNP Paribas SA (France),          
Sr. Non-Preferred Notes, 144A 1.675(ff) 06/30/27   1,425 1,418,181
Sr. Non-Preferred Notes, 144A 1.904(ff) 09/30/28   1,385 1,334,490
Sr. Non-Preferred Notes, 144A 3.132(ff) 01/20/33   475 428,644
Sr. Preferred Notes, 144A 5.176(ff) 01/09/30   465 471,508
     
 
BPCE SA (France),
Sr. Preferred Notes, 144A, MTN
3.250 01/11/28   625 613,472
Cassa Depositi e Prestiti SpA (Italy),          
Sr. Unsec’d. Notes, 144A 4.375 10/01/30   1,000 989,452
Sr. Unsec’d. Notes, 144A 5.875 04/30/29   800 831,931
Citigroup, Inc.,          
Sr. Unsec’d. Notes 2.561(ff) 05/01/32   1,415 1,271,255
Sr. Unsec’d. Notes 2.666(ff) 01/29/31   1,510 1,404,234
Sr. Unsec’d. Notes 3.668(ff) 07/24/28   490 485,422
Sr. Unsec’d. Notes 3.887(ff) 01/10/28   670 667,483
Sr. Unsec’d. Notes 4.650 07/23/48   440 382,060
Sr. Unsec’d. Notes 5.174(ff) 09/11/36   115 113,885
Sub. Notes 4.450 09/29/27   840 840,422
Sub. Notes 5.827(ff) 02/13/35   865 880,232
Sub. Notes 6.020(ff) 01/24/36   6,708 6,882,109
     
 
Credit Agricole SA (France),
Sr. Non-Preferred Notes, 144A, MTN
5.222(ff) 05/27/31   1,080 1,092,218
Danske Bank A/S (Denmark),
Sr. Non-Preferred Notes, 144A(a)
4.613(ff) 10/02/30   2,255 2,243,306
Deutsche Bank AG (Germany),          
Sr. Non-Preferred Notes 4.950(ff) 08/04/31   1,230 1,226,129
Sr. Non-Preferred Notes 5.373(ff) 01/10/29   525 530,720
Sr. Preferred Notes 4.469(ff) 12/10/31   3,215 3,167,207
     
 
Fifth Third Bancorp,
Sr. Unsec’d. Notes
6.339(ff) 07/27/29   1,310 1,356,855
Goldman Sachs Group, Inc. (The),          
Sr. Unsec’d. Notes 1.542(ff) 09/10/27   3,405 3,369,919
7
PGIM Core Bond Fund

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
Corporate Bonds (Continued)
Banks (cont’d.)
Goldman Sachs Group, Inc. (The), (cont’d.)          
Sr. Unsec’d. Notes 3.814 %(ff) 04/23/29   1,585  $1,562,390
Sr. Unsec’d. Notes 3.850 01/26/27   475 473,989
Sr. Unsec’d. Notes 4.017(ff) 10/31/38   1,600 1,397,238
Sr. Unsec’d. Notes 4.223(ff) 05/01/29   125 124,206
Sr. Unsec’d. Notes 4.411(ff) 04/23/39   600 540,027
Sr. Unsec’d. Notes 5.094(ff) 04/20/34   570 568,553
Sr. Unsec’d. Notes 5.727(ff) 04/25/30   6,135 6,318,218
Huntington Bancshares, Inc.,          
Sr. Unsec’d. Notes(a) 5.709(ff) 02/02/35   1,240 1,270,191
Sr. Unsec’d. Notes 6.208(ff) 08/21/29   630 651,932
     
 
Intesa Sanpaolo SpA (Italy),
Sr. Preferred Notes, Series XR, 144A, MTN
4.000 09/23/29   1,790 1,750,598
JPMorgan Chase & Co.,          
Jr. Sub. Notes, Series II, 3 Month SOFR + 2.745% 6.437(c) 07/01/26(oo)   3,920 3,921,554
Sr. Unsec’d. Notes(a) 2.522(ff) 04/22/31   1,281 1,184,815
Sr. Unsec’d. Notes 2.580(ff) 04/22/32   2,565 2,321,277
Sr. Unsec’d. Notes 2.739(ff) 10/15/30   7,000 6,590,748
Sr. Unsec’d. Notes 2.947(ff) 02/24/28   215 212,555
Sr. Unsec’d. Notes 3.964(ff) 11/15/48   355 276,616
Sr. Unsec’d. Notes 4.323(ff) 04/26/28   165 164,943
Sr. Unsec’d. Notes 5.140(ff) 01/24/31   5,605 5,702,545
Sub. Notes 5.576(ff) 07/23/36   250 254,158
     
 
KeyCorp,
Sr. Unsec’d. Notes(a)
6.401(ff) 03/06/35   3,120 3,316,682
Morgan Stanley,          
Sr. Unsec’d. Notes 1.593(ff) 05/04/27   5,600 5,600,000
Sr. Unsec’d. Notes 4.238(ff) 01/09/30   1,200 1,187,584
Sr. Unsec’d. Notes 4.493(ff) 01/16/32   4,785 4,707,024
Sr. Unsec’d. Notes 5.296(ff) 04/10/37   2,695 2,681,736
Sr. Unsec’d. Notes 5.449(ff) 07/20/29   545 555,086
Sr. Unsec’d. Notes, GMTN 2.239(ff) 07/21/32   6,460 5,684,500
Sr. Unsec’d. Notes, GMTN 3.772(ff) 01/24/29   760 750,461
Sr. Unsec’d. Notes, GMTN 4.431(ff) 01/23/30   1,200 1,194,169
Sr. Unsec’d. Notes, MTN 1.928(ff) 04/28/32   4,245 3,693,005
Sr. Unsec’d. Notes, MTN 3.591(cc) 07/22/28   310 306,548
Sr. Unsec’d. Notes, MTN 5.831(ff) 04/19/35   505 524,454
Sub. Notes, GMTN 4.350 09/08/26   3,800 3,797,705
     
 
NatWest Group PLC (United Kingdom),
Sr. Unsec’d. Notes
1.642(ff) 06/14/27   1,830 1,823,314
PNC Financial Services Group, Inc. (The),
Sr. Unsec’d. Notes
5.582(ff) 06/12/29   2,655 2,718,908
Santander UK Group Holdings PLC (United Kingdom),
Sr. Unsec’d. Notes
4.320(ff) 09/22/29   1,035 1,026,133
Societe Generale SA (France),          
Gtd. Notes, 144A, MTN 5.439(ff) 10/03/36   6,020 5,922,657
Sr. Non-Preferred Notes, 144A, MTN 1.792(ff) 06/09/27   1,020 1,016,947
Sr. Non-Preferred Notes, 144A, MTN(a) 6.691(ff) 01/10/34   805 862,014
     
 
Sumitomo Mitsui Financial Group, Inc. (Japan),
Sr. Unsec’d. Notes
4.954(ff) 07/08/33   6,400 6,383,705
Truist Financial Corp.,
Sr. Unsec’d. Notes, MTN
5.867(ff) 06/08/34   330 343,419
UBS Group AG (Switzerland),          
Sr. Unsec’d. Notes, 144A 3.126(ff) 08/13/30   1,180 1,122,802
Sr. Unsec’d. Notes, 144A 3.869(ff) 01/12/29   870 859,670
Sr. Unsec’d. Notes, 144A 4.194(ff) 04/01/31   250 244,370
Wells Fargo & Co.,          
Sr. Unsec’d. Notes 5.244(ff) 01/24/31   1,680 1,712,562
Sr. Unsec’d. Notes 5.389(ff) 04/24/34   4,350 4,422,962
8

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
Corporate Bonds (Continued)
Banks (cont’d.)
Wells Fargo & Co., (cont’d.)          
Sr. Unsec’d. Notes 6.491 %(ff) 10/23/34   1,245  $1,347,060
Sr. Unsec’d. Notes, MTN 2.572(ff) 02/11/31   5,425 5,032,851
Sr. Unsec’d. Notes, MTN 5.013(ff) 04/04/51   2,300 2,034,421
Sr. Unsec’d. Notes, MTN 5.574(ff) 07/25/29   5,045 5,156,746
          180,728,737
Beverages 0.2%
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. (Belgium),          
Gtd. Notes 4.700 02/01/36   150 146,219
Gtd. Notes 4.900 02/01/46   1,551 1,397,284
Constellation Brands, Inc.,          
Gtd. Notes(a) 4.650 11/15/28   450 451,494
Sr. Unsec’d. Notes 2.250 08/01/31   1,030 910,054
     
 
Diageo Capital PLC (United Kingdom),
Gtd. Notes(a)
2.125 04/29/32   1,665 1,440,020
          4,345,071
Biotechnology 0.0%
Amgen, Inc.,
Sr. Unsec’d. Notes
5.150 11/15/41   910 862,205
Building Materials 0.3%
CRH SMW Finance DAC,
Gtd. Notes
5.125 01/09/30   2,650 2,694,404
Martin Marietta Materials, Inc.,          
Sr. Unsec’d. Notes 2.400 07/15/31   715 638,046
Sr. Unsec’d. Notes 5.150 12/01/34   2,510 2,520,811
     
 
Standard Industries, Inc.,
Sr. Unsec’d. Notes, 144A
3.375 01/15/31   850 771,716
          6,624,977
Chemicals 0.2%
DuPont de Nemours, Inc.,
Sr. Unsec’d. Notes, 144A
4.725 11/15/28   1,292 1,296,583
Nutrien Ltd. (Canada),
Sr. Unsec’d. Notes
5.250 01/15/45   248 226,637
OCP SA (Morocco),          
Sr. Unsec’d. Notes, 144A 6.100 04/30/30   1,485 1,515,443
Sr. Unsec’d. Notes, 144A 6.750 05/02/34   1,858 1,952,293
     
 
Sasol Financing USA LLC (South Africa),
Gtd. Notes
6.500 09/27/28   400 404,760
          5,395,716
Commercial Services 0.2%
Experian Finance PLC,
Gtd. Notes, 144A
2.750 03/08/30   1,735 1,621,568
Herc Holdings, Inc.,
Gtd. Notes, 144A(a)
6.625 06/15/29   1,100 1,127,206
Massachusetts Institute of Technology,
Unsec’d. Notes
3.885 07/01/2116   700 474,010
President & Fellows of Harvard College,
Unsec’d. Notes
3.300 07/15/56   160 107,595
Trustees of Boston College,
Unsec’d. Notes
3.129 07/01/52   637 428,056
9
PGIM Core Bond Fund

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
Corporate Bonds (Continued)
Commercial Services (cont’d.)
University of Notre Dame du Lac,
Unsec’d. Notes, Series 2017
3.394 % 02/15/48   365  $266,182
Verisk Analytics, Inc.,
Sr. Unsec’d. Notes
4.125 03/15/29   1,185 1,174,210
          5,198,827
Computers 0.3%
Accenture Capital, Inc.,
Gtd. Notes(a)
4.500 10/04/34   1,865 1,796,453
Booz Allen Hamilton, Inc.,
Gtd. Notes
5.950 08/04/33   2,320 2,368,048
Leidos, Inc.,
Gtd. Notes
5.000 03/15/36   1,480 1,432,719
NCR Atleos Corp.,
Sr. Sec’d. Notes, 144A
9.500 04/01/29   2,000 2,127,926
          7,725,146
Diversified Financial Services 0.9%
Cantor Fitzgerald LP,
Sr. Unsec’d. Notes, 144A
7.200 12/12/28   1,155 1,205,836
Cboe Global Markets, Inc.,
Sr. Unsec’d. Notes
1.625 12/15/30   2,900 2,553,899
Charles Schwab Corp. (The),
Sr. Unsec’d. Notes
1.650 03/11/31   2,970 2,599,076
Jefferies Financial Group, Inc.,          
Sr. Unsec’d. Notes 2.625 10/15/31   95 83,039
Sr. Unsec’d. Notes 5.125 04/28/31   4,750 4,687,237
Sr. Unsec’d. Notes 5.875 07/21/28   1,210 1,236,265
     
 
LPL Holdings, Inc.,
Gtd. Notes
5.700 05/20/27   1,295 1,309,505
Nomura Holdings, Inc. (Japan),          
Sr. Unsec’d. Notes(a) 2.608 07/14/31   565 504,921
Sr. Unsec’d. Notes 6.070 07/12/28   3,905 4,019,531
     
 
OneMain Finance Corp.,
Gtd. Notes
3.875 09/15/28   1,175 1,135,832
Rocket Cos., Inc.,
Gtd. Notes, 144A
6.125 08/01/30   1,100 1,116,869
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.,
Gtd. Notes, 144A(a)
2.875 10/15/26   1,150 1,139,713
          21,591,723
Electric 2.1%
Abu Dhabi National Energy Co. PJSC (United Arab Emirates),
Sr. Unsec’d. Notes, 144A, MTN(a)
2.000 04/29/28   515 489,744
AEP Transmission Co. LLC,
Sr. Unsec’d. Notes
4.250 09/15/48   830 663,211
Alfa Desarrollo SpA (Chile),
Sr. Sec’d. Notes, 144A
4.550 09/27/51   647 509,319
Ameren Illinois Co.,
First Mortgage
3.700 12/01/47   625 465,136
Arizona Public Service Co.,          
Sr. Unsec’d. Notes(a) 2.200 12/15/31   2,875 2,508,042
Sr. Unsec’d. Notes 3.350 05/15/50   485 322,522
     
 
CenterPoint Energy Houston Electric LLC,
General Ref. Mortgage, Series Z
2.400 09/01/26   190 188,873
10

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
Corporate Bonds (Continued)
Electric (cont’d.)
     
Cleco Corporate Holdings LLC,
Sr. Unsec’d. Notes
3.375 % 09/15/29   305  $285,575
Comision Federal de Electricidad (Mexico),          
Gtd. Notes, 144A(a) 4.688 05/15/29   1,600 1,579,200
Sr. Unsec’d. Notes, 144A 6.045 01/28/34   3,995 3,942,066
Commonwealth Edison Co.,          
First Mortgage 3.700 03/01/45   40 30,570
First Mortgage 4.000 03/01/48   115 89,249
First Mortgage, Series 123 3.750 08/15/47   775 577,284
First Mortgage, Series 130 3.125 03/15/51   95 61,394
Consolidated Edison Co. of New York, Inc.,          
Sr. Unsec’d. Notes, Series 2017 3.875 06/15/47   805 613,729
Sr. Unsec’d. Notes, Series C 4.300 12/01/56   40 30,952
     
 
Delmarva Power & Light Co.,
First Mortgage
4.150 05/15/45   60 48,456
Dominion Energy, Inc.,
Sr. Unsec’d. Notes, Series D
2.850 08/15/26   55 54,787
DTE Electric Co.,
General Ref. Mortgage, Series A
4.050 05/15/48   370 288,406
DTE Energy Co.,
Sr. Unsec’d. Notes
2.850 10/01/26   350 348,018
Duke Energy Corp.,          
Sr. Unsec’d. Notes 2.650 09/01/26   145 144,209
Sr. Unsec’d. Notes 3.950 08/15/47   185 138,023
Duke Energy Florida LLC,          
First Mortgage 3.400 10/01/46   185 132,064
First Mortgage 4.200 07/15/48   205 160,925
     
 
Duke Energy Indiana LLC,
First Mortgage
2.750 04/01/50   1,825 1,103,610
Duke Energy Progress LLC,
First Mortgage
3.700 10/15/46   75 55,908
ENEL Finance International NV (Italy),
Gtd. Notes, 144A
3.500 04/06/28   475 465,946
Entergy Arkansas LLC,
First Mortgage(a)
2.650 06/15/51   2,220 1,285,534
Entergy Louisiana LLC,
Collateral Trust Bond
4.000 03/15/33   170 161,954
Entergy Texas, Inc.,
First Mortgage
4.500 03/30/39   1,000 910,961
Eversource Energy,
Sr. Unsec’d. Notes, Series M
3.300 01/15/28   335 328,301
FirstEnergy Pennsylvania Electric Co.,          
Sr. Unsec’d. Notes, 144A 3.600 06/01/29   1,435 1,395,223
Sr. Unsec’d. Notes, 144A 5.200 04/01/28   865 876,309
     
 
Fortis, Inc. (Canada),
Sr. Unsec’d. Notes
3.055 10/04/26   217 215,707
Georgia Power Co.,
Sr. Unsec’d. Notes, Series B
2.650 09/15/29   1,005 951,871
IPALCO Enterprises, Inc.,
Sr. Sec’d. Notes
4.250 05/01/30   240 231,596
Israel Electric Corp. Ltd. (Israel),
Sr. Sec’d. Notes, 144A, GMTN
4.250 08/14/28   235 230,862
MidAmerican Energy Co.,          
First Mortgage 3.950 08/01/47   225 174,176
First Mortgage 4.250 07/15/49   350 280,528
     
 
Narragansett Electric Co. (The),
Sr. Unsec’d. Notes, 144A
3.395 04/09/30   915 873,835
NextEra Energy Capital Holdings, Inc.,
Gtd. Notes
4.900 02/28/28   3,870 3,903,482
11
PGIM Core Bond Fund

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
Corporate Bonds (Continued)
Electric (cont’d.)
     
NRG Energy, Inc.,
Sr. Sec’d. Notes, 144A
2.450 % 12/02/27   1,215  $1,174,350
NSTAR Electric Co.,
Sr. Unsec’d. Notes
5.400 06/01/34   1,130 1,156,108
Ohio Power Co.,
Sr. Unsec’d. Notes
4.150 04/01/48   250 192,812
Pacific Gas & Electric Co.,          
First Mortgage 4.500 07/01/40   3,000 2,577,949
First Mortgage 4.950 07/01/50   1,460 1,212,299
     
 
PacifiCorp,
First Mortgage
2.700 09/15/30   890 817,780
PECO Energy Co.,          
First Mortgage 3.000 09/15/49   180 115,573
First Mortgage 3.050 03/15/51   1,540 984,814
     
 
PPL Electric Utilities Corp.,
First Mortgage
3.000 10/01/49   235 151,240
Public Service Co. of Colorado,          
First Mortgage 4.100 06/15/48   235 182,354
First Mortgage, Series 34 3.200 03/01/50   720 474,328
Public Service Electric & Gas Co.,          
First Mortgage, MTN 2.250 09/15/26   370 367,564
First Mortgage, MTN 2.700 05/01/50   390 240,718
First Mortgage, MTN(a) 3.200 05/15/29   1,265 1,226,306
First Mortgage, MTN 3.600 12/01/47   95 69,608
First Mortgage, MTN 3.700 05/01/28   590 584,052
Sec’d. Notes, MTN 4.650 03/15/33   2,105 2,090,211
     
 
Public Service Enterprise Group, Inc.,
Sr. Unsec’d. Notes
1.600 08/15/30   1,155 1,018,220
San Diego Gas & Electric Co.,
First Mortgage
4.150 05/15/48   420 327,206
Southern California Edison Co.,
First Mortgage
3.650 02/01/50   290 198,376
Southwestern Electric Power Co.,
Sr. Unsec’d. Notes, Series K
2.750 10/01/26   675 670,900
Southwestern Public Service Co.,
First Mortgage
3.700 08/15/47   355 260,017
SP PowerAssets Ltd. (Singapore),
Sr. Unsec’d. Notes, 144A, MTN(a)
3.000 09/26/27   465 457,569
Tucson Electric Power Co.,
Sr. Unsec’d. Notes(a)
4.000 06/15/50   1,315 994,894
Virginia Electric & Power Co.,          
Sr. Unsec’d. Notes, Series A 3.500 03/15/27   185 184,056
Sr. Unsec’d. Notes, Series A 3.800 04/01/28   290 287,377
     
 
Vistra Corp.,
Jr. Sub. Notes, 144A
8.000(ff) 10/15/26(oo)   1,075 1,084,105
Vistra Operations Co. LLC,
Gtd. Notes, 144A
5.000 07/31/27   3,000 2,999,996
Wisconsin Power & Light Co.,
Sr. Unsec’d. Notes
3.050 10/15/27   535 525,431
Xcel Energy, Inc.,
Sr. Unsec’d. Notes
3.350 12/01/26   510 507,321
          50,251,091
12

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
Corporate Bonds (Continued)
Electrical Components & Equipment 0.0%
WESCO Distribution, Inc.,          
Gtd. Notes, 144A 5.250 % 04/15/31   200  $200,046
Gtd. Notes, 144A 5.500 04/15/34   220 219,450
          419,496
Engineering & Construction 0.2%
AECOM,
Gtd. Notes, 144A
6.000 08/01/33   225 227,178
Mexico City Airport Trust (Mexico),          
Sr. Sec’d. Notes, 144A 3.875 04/30/28   1,018 1,004,766
Sr. Sec’d. Notes, 144A 4.250 10/31/26   1,972 1,967,819
Sr. Sec’d. Notes, 144A 5.500 07/31/47   1,800 1,566,000
          4,765,763
Entertainment 0.1%
Caesars Entertainment, Inc.,
Gtd. Notes, 144A(a)
4.625 10/15/29   1,175 1,133,940
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp.,
Sr. Sec’d. Notes, 144A
4.875 05/01/29   1,150 1,124,501
          2,258,441
Foods 0.3%
B&G Foods, Inc.,
Sr. Sec’d. Notes, 144A
8.000 09/15/28   575 570,322
Campbell’s Co. (The),
Sr. Unsec’d. Notes(a)
2.375 04/24/30   1,935 1,742,384
JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. Holdings,          
Sr. Unsec’d. Notes 5.750 04/01/33   1,900 1,954,931
Sr. Unsec’d. Notes, 144A 6.400 05/10/57   2,790 2,731,165
     
 
Kroger Co. (The),
Sr. Unsec’d. Notes
3.875 10/15/46   65 48,999
          7,047,801
Gas 0.1%
Atmos Energy Corp.,
Sr. Unsec’d. Notes
3.375 09/15/49   1,200 830,909
NiSource, Inc.,
Sr. Unsec’d. Notes
1.700 02/15/31   785 684,009
Piedmont Natural Gas Co., Inc.,
Sr. Unsec’d. Notes
3.500 06/01/29   440 426,920
          1,941,838
Healthcare-Products 0.0%
Medline Borrower LP,
Sr. Sec’d. Notes, 144A
3.875 04/01/29   1,175 1,142,106
Healthcare-Services 1.2%
Aetna, Inc.,          
Sr. Unsec’d. Notes 4.500 05/15/42   1,000 836,611
Sr. Unsec’d. Notes 6.750 12/15/37   170 184,954
     
 
AHS Hospital Corp.,
Unsec’d. Notes
5.024 07/01/45   200 184,825
Ascension Health,
Sr. Unsec’d. Notes, Series B
3.106 11/15/39   265 208,799
13
PGIM Core Bond Fund

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
Corporate Bonds (Continued)
Healthcare-Services (cont’d.)
Cigna Group (The),          
Gtd. Notes 3.400 % 03/01/27   325  $322,956
Gtd. Notes 4.375 10/15/28   1,100 1,099,619
Sr. Unsec’d. Notes 2.375 03/15/31   3,336 3,009,469
Sr. Unsec’d. Notes 2.400 03/15/30   1,681 1,555,977
     
 
CommonSpirit Health,
Sr. Sec’d. Notes
5.318 12/01/34   4,510 4,524,508
DaVita, Inc.,
Gtd. Notes, 144A(a)
6.875 09/01/32   1,075 1,110,046
Kaiser Foundation Hospitals,
Unsec’d. Notes, Series 2021
2.810 06/01/41   2,410 1,753,568
Laboratory Corp. of America Holdings,          
Gtd. Notes 2.950 12/01/29   595 565,021
Gtd. Notes 4.800 10/01/34   4,810 4,700,296
     
 
MyMichigan Health,
Sec’d. Notes, Series 2020
3.409 06/01/50   740 505,006
OhioHealth Corp.,
Unsec’d. Notes, Series 2020
3.042 11/15/50   795 533,061
Piedmont Healthcare, Inc.,
Sec’d. Notes, Series 2032(a)
2.044 01/01/32   2,670 2,321,761
Providence St. Joseph Health Obligated Group,          
Unsec’d. Notes, Series 19A 2.532 10/01/29   420 392,109
Unsec’d. Notes, Series H 2.746 10/01/26   40 39,642
     
 
Quest Diagnostics, Inc.,
Sr. Unsec’d. Notes
2.950 06/30/30   1,910 1,793,598
Stanford Health Care,
Unsec’d. Notes, Series 2018
3.795 11/15/48   450 342,442
UnitedHealth Group, Inc.,          
Sr. Unsec’d. Notes 3.050 05/15/41   1,150 857,374
Sr. Unsec’d. Notes 4.500 04/15/33   500 489,334
Sr. Unsec’d. Notes(a) 4.750 05/15/52   665 562,354
Sr. Unsec’d. Notes 5.500 04/15/64   865 795,261
Sr. Unsec’d. Notes 5.750 07/15/64   670 640,909
          29,329,500
Holding Companies-Diversified 0.1%
Clue Opco LLC,
Sr. Sec’d. Notes, 144A(x)
9.500 10/15/31   2,045 2,094,823
Home Builders 0.0%
Mattamy Group Corp. (Canada),
Sr. Unsec’d. Notes, 144A
4.625 03/01/30   1,150 1,093,938
Housewares 0.0%
Newell Brands, Inc.,
Sr. Unsec’d. Notes, 144A
8.500 06/01/28   1,075 1,122,870
Insurance 0.8%
Arch Capital Finance LLC,
Gtd. Notes
5.031 12/15/46   95 85,535
Arch Capital Group US, Inc.,
Gtd. Notes
5.144 11/01/43   100 92,229
Arthur J Gallagher & Co.,
Sr. Unsec’d. Notes
5.000 02/15/32   1,680 1,684,029
Berkshire Hathaway Finance Corp.,
Gtd. Notes
2.850 10/15/50   1,175 737,952
Fairfax Financial Holdings Ltd. (Canada),
Sr. Unsec’d. Notes
6.000 12/07/33   5,900 6,181,277
14

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
Corporate Bonds (Continued)
Insurance (cont’d.)
Liberty Mutual Group, Inc.,          
Gtd. Notes, 144A 3.950 % 05/15/60   185  $126,196
Gtd. Notes, 144A 3.951 10/15/50   450 324,823
     
 
Lincoln National Corp.,
Sr. Unsec’d. Notes
6.300 10/09/37   115 119,817
Markel Group, Inc.,          
Sr. Unsec’d. Notes 3.350 09/17/29   1,625 1,557,970
Sr. Unsec’d. Notes 5.000 04/05/46   217 189,670
     
 
Marsh & McLennan Cos., Inc.,
Sr. Unsec’d. Notes
4.650 03/15/30   6,335 6,367,809
Principal Financial Group, Inc.,          
Gtd. Notes 3.100 11/15/26   105 104,387
Gtd. Notes 4.300 11/15/46   70 56,880
Gtd. Notes 4.350 05/15/43   20 16,675
     
 
Teachers Insurance & Annuity Association of America,
Sub. Notes, 144A
4.900 09/15/44   120 106,521
Unum Group,
Sr. Unsec’d. Notes
6.000 06/15/54   505 486,741
W.R. Berkley Corp.,
Sr. Unsec’d. Notes
4.000 05/12/50   545 411,315
          18,649,826
Internet 0.8%
Alphabet, Inc.,          
Sr. Unsec’d. Notes 4.400 02/15/33   525 516,334
Sr. Unsec’d. Notes 4.700 11/15/35   1,345 1,318,330
Amazon.com, Inc.,          
Sr. Unsec’d. Notes 4.550 03/13/33   2,275 2,245,583
Sr. Unsec’d. Notes 4.875 03/13/36   1,868 1,840,362
     
 
Beignet Investor LLC,
Sr. Sec’d. Notes, 144A
6.581 05/30/49   7,216 7,466,754
Meta Platforms, Inc.,          
Sr. Unsec’d. Notes 4.600 11/15/32   920 908,393
Sr. Unsec’d. Notes(a) 4.875 11/15/35   805 784,942
Sr. Unsec’d. Notes 6.200 05/15/46   1,310 1,311,584
Sr. Unsec’d. Notes 6.300 05/15/56   1,165 1,166,794
Sr. Unsec’d. Notes 6.450 05/15/66   1,730 1,726,289
          19,285,365
Iron/Steel 0.3%
Champion Iron Canada, Inc. (Canada),
Gtd. Notes, 144A
7.875 07/15/32   635 665,499
Mineral Resources Ltd. (Australia),          
Sr. Unsec’d. Notes, 144A 6.000 05/01/32   400 396,932
Sr. Unsec’d. Notes, 144A 6.250 05/01/34   245 242,062
Sr. Unsec’d. Notes, 144A 9.250 10/01/28   143 148,363
     
 
Steel Dynamics, Inc.,
Sr. Unsec’d. Notes
3.450 04/15/30   5,710 5,471,234
          6,924,090
Lodging 0.4%
Hyatt Hotels Corp.,          
Sr. Unsec’d. Notes 5.250 06/30/29   1,460 1,482,906
Sr. Unsec’d. Notes 5.750 01/30/27   730 736,518
Sr. Unsec’d. Notes 5.750 04/23/30   3,290 3,378,563
     
 
15
PGIM Core Bond Fund

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
Corporate Bonds (Continued)
Lodging (cont’d.)
     
Las Vegas Sands Corp.,
Sr. Unsec’d. Notes
3.500 % 08/18/26   1,230  $1,226,382
Marriott International, Inc.,          
Sr. Unsec’d. Notes 4.900 04/15/29   510 515,796
Sr. Unsec’d. Notes, Series R 3.125 06/15/26   250 249,562
     
 
MGM Resorts International,
Gtd. Notes(a)
6.125 09/15/29   1,100 1,115,186
          8,704,913
Media 0.6%
Charter Communications Operating LLC/Charter Communications Operating Capital,          
Sr. Sec’d. Notes(a) 2.300 02/01/32   190 162,601
Sr. Sec’d. Notes 3.500 03/01/42   440 298,479
Sr. Sec’d. Notes 5.050 03/30/29   2,160 2,165,093
Sr. Sec’d. Notes 5.375 05/01/47   530 424,834
Sr. Sec’d. Notes 6.484 10/23/45   275 253,191
Sr. Sec’d. Notes 6.550 06/01/34   180 185,898
Cox Communications, Inc.,          
Gtd. Notes, 144A 5.450 09/01/34   2,750 2,643,321
Sr. Unsec’d. Notes, 144A 2.600 06/15/31   3,535 3,135,806
Sr. Unsec’d. Notes, 144A 3.500 08/15/27   2,000 1,973,857
     
 
News Corp.,
Gtd. Notes, 144A
5.125 02/15/32   1,520 1,493,217
Time Warner Cable LLC,
Sr. Sec’d. Notes
5.500 09/01/41   2,180 1,878,537
          14,614,834
Metal Fabricate/Hardware 0.0%
Advanced Drainage Systems, Inc.,
Gtd. Notes, 144A
5.375 03/01/34   345 340,582
Mining 0.6%
Barrick North America Finance LLC (Canada),
Gtd. Notes
5.750 05/01/43   190 189,406
BHP Billiton Finance USA Ltd. (Australia),          
Gtd. Notes 5.250 09/08/33   4,245 4,343,148
Gtd. Notes 5.300 02/21/35   430 439,345
     
 
Freeport Indonesia PT (Indonesia),
Sr. Unsec’d. Notes, 144A, MTN
4.763 04/14/27   225 225,085
Newmont Corp./Newcrest Finance Pty Ltd.,
Gtd. Notes
5.350 03/15/34   6,205 6,402,736
Rio Tinto Finance USA PLC (Australia),
Gtd. Notes
5.250 03/14/35   320 325,392
Yamana Gold, Inc. (Canada),
Gtd. Notes
2.630 08/15/31   3,120 2,771,354
          14,696,466
Multi-National 0.0%
Corp. Andina de Fomento (Supranational Bank),
Sr. Unsec’d. Notes
5.000 01/24/29   1,290 1,315,729
16

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
Corporate Bonds (Continued)
Office/Business Equipment 0.2%
CDW LLC/CDW Finance Corp.,          
Gtd. Notes 2.670 % 12/01/26   3,145  $3,113,246
Gtd. Notes 5.100 03/01/30   765 767,451
          3,880,697
Oil & Gas 1.7%
Aker BP ASA (Norway),          
Gtd. Notes, 144A 3.100 07/15/31   770 703,933
Sr. Unsec’d. Notes, 144A 3.750 01/15/30   3,695 3,555,903
Canadian Natural Resources Ltd. (Canada),          
Sr. Unsec’d. Notes 5.000 12/15/29   1,955 1,979,536
Sr. Unsec’d. Notes 6.250 03/15/38   175 185,206
Cenovus Energy, Inc. (Canada),          
Sr. Unsec’d. Notes 3.750 02/15/52   1,520 1,070,901
Sr. Unsec’d. Notes 5.400 06/15/47   229 208,710
Sr. Unsec’d. Notes 6.750 11/15/39   4,115 4,473,622
     
 
Continental Resources, Inc.,
Gtd. Notes, 144A
2.268 11/15/26   330 326,363
Diamondback Energy, Inc.,
Gtd. Notes
6.250 03/15/33   6,065 6,497,039
Ecopetrol SA (Colombia),
Sr. Unsec’d. Notes
8.625 01/19/29   2,105 2,228,143
Equinor ASA (Norway),
Gtd. Notes
2.375 05/22/30   1,110 1,027,233
Hilcorp Energy I LP/Hilcorp Finance Co.,
Sr. Unsec’d. Notes, 144A
6.000 02/01/31   1,150 1,137,454
Korea National Oil Corp. (South Korea),
Sr. Unsec’d. Notes, 144A
4.875 04/03/28   530 534,728
Marathon Petroleum Corp.,
Sr. Unsec’d. Notes
3.800 04/01/28   380 375,541
Occidental Petroleum Corp.,          
Sr. Unsec’d. Notes 7.500 05/01/31   100 111,344
Sr. Unsec’d. Notes 7.875 09/15/31   250 284,151
Petroleos Mexicanos (Mexico),          
Gtd. Notes(a) 5.950 01/28/31   398 389,543
Gtd. Notes 6.625 06/15/38   46 42,803
Gtd. Notes 6.700 02/16/32   1,979 1,985,927
Gtd. Notes, MTN 6.750 09/21/47   290 244,325
Phillips 66 Co.,          
Gtd. Notes 3.150 12/15/29   5,000 4,768,770
Gtd. Notes 3.550 10/01/26   310 309,250
QatarEnergy (Qatar),          
Sr. Unsec’d. Notes, 144A 1.375 09/12/26   500 494,185
Sr. Unsec’d. Notes, 144A 2.250 07/12/31   1,090 971,386
     
 
Santos Finance Ltd. (Australia),
Gtd. Notes, 144A
6.875 09/19/33   1,010 1,100,283
Sunoco LP/Sunoco Finance Corp.,
Gtd. Notes, 144A
7.000 09/15/28   1,075 1,101,136
Var Energi ASA (Norway),
Sr. Unsec’d. Notes, 144A
5.875 05/22/30   4,461 4,604,863
          40,712,278
Packaging & Containers 0.0%
Ball Corp.,
Gtd. Notes
5.500 09/15/33   735 736,409
17
PGIM Core Bond Fund

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
Corporate Bonds (Continued)
Pharmaceuticals 0.6%
AbbVie, Inc.,          
Sr. Unsec’d. Notes 4.050 % 11/21/39   285  $249,803
Sr. Unsec’d. Notes 4.550 03/15/35   360 349,130
Sr. Unsec’d. Notes 4.700 05/14/45   1,170 1,033,444
Sr. Unsec’d. Notes 4.750 03/15/45   1,008 895,265
CVS Health Corp.,          
Sr. Unsec’d. Notes 1.750 08/21/30   3,215 2,844,096
Sr. Unsec’d. Notes 5.125 07/20/45   465 410,647
Sr. Unsec’d. Notes 5.300 12/05/43   155 141,710
     
 
Eli Lilly & Co.,
Sr. Unsec’d. Notes
5.000 02/09/54   1,455 1,314,207
Johnson & Johnson,
Sr. Unsec’d. Notes(h)
3.625 03/03/37   3,205 2,871,488
Mylan, Inc.,          
Gtd. Notes 5.200 04/15/48   625 497,255
Gtd. Notes 5.400 11/29/43   860 735,458
     
 
Shire Acquisitions Investments Ireland DAC,
Gtd. Notes
3.200 09/23/26   28 27,882
Utah Acquisition Sub, Inc.,          
Gtd. Notes 3.950 06/15/26   1,887 1,884,768
Gtd. Notes 5.250 06/15/46   730 593,440
     
 
Viatris, Inc.,
Gtd. Notes
3.850 06/22/40   920 705,447
          14,554,040
Pipelines 1.8%
Antero Midstream Partners LP/Antero Midstream Finance Corp.,
Gtd. Notes, 144A
5.750 07/01/34   400 399,194
Boardwalk Pipelines LP,
Gtd. Notes
3.400 02/15/31   1,300 1,215,328
Colonial Enterprises, Inc.,
Gtd. Notes, 144A(a)
3.250 05/15/30   1,730 1,621,866
Colorado Interstate Gas Co. LLC/Colorado Interstate Issuing Corp.,
Gtd. Notes, 144A
4.150 08/15/26   555 554,598
Columbia Pipelines Operating Co. LLC,
Sr. Unsec’d. Notes, 144A
5.927 08/15/30   935 977,711
Energy Transfer LP,          
Sr. Unsec’d. Notes 4.950 06/15/28   430 433,999
Sr. Unsec’d. Notes 5.000 05/15/50   565 471,061
Sr. Unsec’d. Notes 5.400 10/01/47   1,800 1,606,435
Sr. Unsec’d. Notes 6.250 04/15/49   910 895,107
Sr. Unsec’d. Notes 6.400 12/01/30   110 117,461
Sr. Unsec’d. Notes 6.550 12/01/33   2,285 2,475,478
Enterprise Products Operating LLC,          
Gtd. Notes 3.700 01/31/51   445 323,261
Gtd. Notes 4.200 01/31/50   555 442,688
     
 
Greensaif Pipelines Bidco Sarl (Saudi Arabia),
Sr. Sec’d. Notes, 144A
6.510 02/23/42   725 767,938
MPLX LP,          
Sr. Unsec’d. Notes 2.650 08/15/30   4,920 4,540,010
Sr. Unsec’d. Notes 4.500 04/15/38   270 243,429
Sr. Unsec’d. Notes 5.200 03/01/47   5 4,409
Sr. Unsec’d. Notes 5.500 06/01/34   3,340 3,383,604
Sr. Unsec’d. Notes 5.500 02/15/49   210 190,699
     
 
ONEOK Partners LP,
Gtd. Notes
6.125 02/01/41   300 306,157
ONEOK, Inc.,          
Gtd. Notes 3.100 03/15/30   2,415 2,280,485
18

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
Corporate Bonds (Continued)
Pipelines (cont’d.)
ONEOK, Inc., (cont’d.)          
Gtd. Notes 4.200 % 03/15/45   275  $209,215
Gtd. Notes 6.050 09/01/33   2,510 2,638,487
Gtd. Notes 6.250 10/15/55   2,085 2,051,747
     
 
Plains All American Pipeline LP/PAA Finance Corp.,
Sr. Unsec’d. Notes
3.550 12/15/29   350 338,870
Spectra Energy Partners LP,
Gtd. Notes
3.375 10/15/26   140 139,486
Targa Resources Corp.,          
Gtd. Notes 4.350 04/15/31   105 102,908
Gtd. Notes 4.900 09/15/30   330 332,424
Gtd. Notes 5.500 02/15/35   1,192 1,206,518
Gtd. Notes 6.125 03/15/33   1,240 1,311,153
Gtd. Notes 6.250 07/01/52   1,305 1,302,516
Gtd. Notes 6.500 03/30/34   930 1,008,904
     
 
Texas Eastern Transmission LP,
Sr. Unsec’d. Notes, 144A
3.500 01/15/28   300 295,146
Transcontinental Gas Pipe Line Co. LLC,          
Sr. Unsec’d. Notes 3.950 05/15/50   625 467,131
Sr. Unsec’d. Notes 4.600 03/15/48   500 419,068
     
 
Venture Global Calcasieu Pass LLC,
Sr. Sec’d. Notes, 144A
4.125 08/15/31   1,200 1,124,892
Venture Global Plaquemines LNG LLC,          
Sr. Sec’d. Notes, 144A 6.500 01/15/34   700 733,309
Sr. Sec’d. Notes, 144A 6.750 01/15/36   700 743,977
Sr. Sec’d. Notes, 144A 7.750 05/01/35   1,000 1,123,113
     
 
Western Midstream Operating LP,
Sr. Unsec’d. Notes
5.300 03/01/48   320 271,925
Williams Cos., Inc. (The),          
Sr. Unsec’d. Notes 5.150 03/15/34   90 90,052
Sr. Unsec’d. Notes 5.400 03/04/44   400 375,360
Sr. Unsec’d. Notes 5.600 03/15/35   3,765 3,852,552
          43,389,671
Real Estate 0.2%
Ontario Teachers’ Cadillac Fairview Properties Trust (Canada),
Sr. Unsec’d. Notes, 144A
4.125 02/01/29   4,190 4,134,849
Real Estate Investment Trusts (REITs) 1.3%
Alexandria Real Estate Equities, Inc.,          
Gtd. Notes 2.000 05/18/32   1,645 1,374,622
Gtd. Notes 4.750 04/15/35   425 401,678
     
 
American Tower Corp.,
Sr. Unsec’d. Notes(a)
2.900 01/15/30   1,040 978,909
Brixmor Operating Partnership LP,          
Sr. Unsec’d. Notes 4.050 07/01/30   3,665 3,572,296
Sr. Unsec’d. Notes 5.500 02/15/34   895 910,405
     
 
COPT Defense Properties LP,
Gtd. Notes
2.900 12/01/33   1,400 1,189,200
CubeSmart LP,
Gtd. Notes(a)
2.250 12/15/28   3,360 3,175,118
Healthpeak OP LLC,
Gtd. Notes
2.875 01/15/31   630 579,173
Invitation Homes Operating Partnership LP,
Gtd. Notes(x)
4.875 02/01/35   6,035 5,822,486
Prologis LP,
Sr. Unsec’d. Notes
1.750 02/01/31   2,660 2,344,411
19
PGIM Core Bond Fund

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
Corporate Bonds (Continued)
Real Estate Investment Trusts (REITs) (cont’d.)
Realty Income Corp.,          
Sr. Unsec’d. Notes 1.800 % 03/15/33   325  $268,186
Sr. Unsec’d. Notes 3.250 01/15/31   985 926,495
     
 
RHP Hotel Properties LP/RHP Finance Corp.,
Gtd. Notes, 144A
5.750 03/15/34   495 492,299
Sun Communities Operating LP,          
Gtd. Notes 2.300 11/01/28   1,095 1,037,317
Gtd. Notes 2.700 07/15/31   2,228 2,004,832
     
 
VICI Properties LP/VICI Note Co., Inc.,
Gtd. Notes, 144A
5.750 02/01/27   4,680 4,703,020
Welltower OP LLC,
Gtd. Notes
2.700 02/15/27   775 765,795
          30,546,242
Retail 0.3%
1011778 BC ULC/New Red Finance, Inc. (Canada),
Sec’d. Notes, 144A
4.000 10/15/30   1,200 1,141,500
Alimentation Couche-Tard, Inc. (Canada),
Gtd. Notes, 144A
3.550 07/26/27   940 930,099
AutoZone, Inc.,
Sr. Unsec’d. Notes(a)
1.650 01/15/31   620 540,755
Brinker International, Inc.,
Gtd. Notes, 144A
8.250 07/15/30   1,025 1,072,511
Ferguson Enterprises, Inc.,
Gtd. Notes(a)
5.000 10/03/34   1,805 1,793,153
Gap, Inc. (The),
Gtd. Notes, 144A
3.875 10/01/31   1,250 1,142,809
          6,620,827
Semiconductors 0.4%
Broadcom, Inc.,          
Sr. Unsec’d. Notes 3.419 04/15/33   4,847 4,438,843
Sr. Unsec’d. Notes 4.900 07/15/32   2,600 2,623,248
Sr. Unsec’d. Notes 5.050 07/12/29   1,914 1,950,775
Sr. Unsec’d. Notes, 144A 3.137 11/15/35   287 244,626
Sr. Unsec’d. Notes, 144A 3.187 11/15/36   1,000 839,941
          10,097,433
Shipbuilding 0.2%
Huntington Ingalls Industries, Inc.,
Gtd. Notes
4.200 05/01/30   5,328 5,233,497
Software 0.4%
Fidelity National Information Services, Inc.,
Sr. Unsec’d. Notes
4.800 03/10/31   2,705 2,689,630
Oracle Corp.,          
Sr. Unsec’d. Notes 6.550 02/04/46   630 584,718
Sr. Unsec’d. Notes 6.700 02/04/56   865 797,032
Sr. Unsec’d. Notes 6.850 02/04/66   790 723,980
Salesforce, Inc.,          
Sr. Unsec’d. Notes 6.550 03/15/56   825 819,552
Sr. Unsec’d. Notes 6.700 03/15/66   580 582,353
     
 
20

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
Corporate Bonds (Continued)
Software (cont’d.)
     
SS&C Technologies, Inc.,
Gtd. Notes, 144A
5.500 % 09/30/27   1,325  $1,324,873
Workday, Inc.,
Sr. Unsec’d. Notes(a)
3.800 04/01/32   2,435 2,267,082
          9,789,220
Telecommunications 1.4%
AT&T, Inc.,          
Sr. Unsec’d. Notes 2.250 02/01/32   6,860 5,983,543
Sr. Unsec’d. Notes 2.550 12/01/33   33 27,873
Sr. Unsec’d. Notes 3.500 09/15/53   1,734 1,122,919
Sr. Unsec’d. Notes 3.650 09/15/59   1,717 1,094,330
Sr. Unsec’d. Notes 3.800 12/01/57   1,128 751,559
Sr. Unsec’d. Notes 4.500 05/15/35   205 193,883
     
 
Black Pearl Compute LLC,
Sr. Sec’d. Notes, 144A
6.125 02/15/31   550 558,258
HUT DC LLC,
Sr. Sec’d. Notes, 144A
6.192 11/15/42   525 529,345
Meridian Arc Holdco LLC,
Sr. Sec’d. Notes, 144A
6.250 04/30/31   1,395 1,395,153
Motorola Solutions, Inc.,
Sr. Unsec’d. Notes
5.400 04/15/34   2,020 2,043,632
Rogers Communications, Inc. (Canada),
Gtd. Notes
5.300 02/15/34   3,365 3,345,443
SV RNO Property Owner 1 LLC,
Sr. Sec’d. Notes, 144A
5.875 03/01/31   1,040 1,023,232
T-Mobile USA, Inc.,          
Gtd. Notes 2.550 02/15/31   1,635 1,486,046
Gtd. Notes 3.000 02/15/41   640 467,280
Gtd. Notes 3.750 04/15/27   970 966,014
Gtd. Notes 3.875 04/15/30   4,780 4,655,476
Gtd. Notes 4.375 04/15/40   380 332,104
Verizon Communications, Inc.,          
Sr. Unsec’d. Notes 2.355 03/15/32   6,135 5,364,958
Sr. Unsec’d. Notes 2.550 03/21/31   2,729 2,481,193
Sr. Unsec’d. Notes 5.401 07/02/37   147 146,296
          33,968,537
Transportation 0.2%
Burlington Northern Santa Fe LLC,
Sr. Unsec’d. Notes
3.300 09/15/51   875 589,008
Canadian Pacific Railway Co. (Canada),
Gtd. Notes
3.500 05/01/50   1,585 1,115,222
Star Leasing Co. LLC,
Sec’d. Notes, 144A
7.625 02/15/30   2,200 2,125,797
          3,830,027
Trucking & Leasing 0.1%
Penske Truck Leasing Co. LP/PTL Finance Corp.,
Sr. Unsec’d. Notes, 144A
5.750 05/24/26   2,930 2,932,274
Water 0.0%
American Water Capital Corp.,
Sr. Unsec’d. Notes
4.000 12/01/46   145 113,078
     
 
Total Corporate Bonds
(cost $708,459,173)
686,322,869
21
PGIM Core Bond Fund

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
Municipal Bonds 0.4%
Alabama 0.0%
Alabama Economic Settlement Authority,
Taxable, Revenue Bonds, Series B
4.263 % 09/15/32   40  $39,570
California 0.0%
City of Los Angeles Department of Airports,
Taxable, Revenue Bonds, BABs
6.582 05/15/39   245 259,290
University of California,          
Taxable, Revenue Bonds, Series AP 3.931 05/15/45   30 27,513
Taxable, Revenue Bonds, Series J 4.131 05/15/45   30 26,800
          313,603
Maryland 0.1%
Maryland Economic Development Corp.,
Taxable, Revenue Bonds
5.433 05/31/56   1,800 1,715,768
New Jersey 0.0%
New Jersey Turnpike Authority,
Taxable, Revenue Bonds, BABs, Series A
7.102 01/01/41   250 285,757
New York 0.1%
City of New York,          
Taxable, General Obligation Unlimited, Series D-1 5.094 10/01/49   725 666,238
Taxable, General Obligation Unlimited, Series D-1 5.114 10/01/54   1,155 1,046,088
     
 
Port Authority of New York & New Jersey,
Revenue Bonds
5.072 07/15/53   1,240 1,150,666
          2,862,992
Pennsylvania 0.0%
Pennsylvania State University (The),
Taxable, Revenue Bonds, Series D
2.840 09/01/50   745 486,142
Pennsylvania Turnpike Commission,          
Revenue Bonds, BABs 6.105 12/01/39   70 74,442
Revenue Bonds, BABs, Series B 5.511 12/01/45   150 147,287
          707,871
Texas 0.1%
Grand Parkway Transportation Corp.,
Taxable, Revenue Bonds, Series E
5.184 10/01/42   775 770,770
Permanent University Fund - University of Texas System,
Taxable, Revenue Bonds, Series A
3.376 07/01/47   555 415,306
Texas Private Activity Bond Surface Transportation Corp.,
Taxable, Revenue Bonds, Series B
3.922 12/31/49   340 266,438
          1,452,514
Virginia 0.1%
University of Virginia,          
Taxable, Revenue Bonds 2.256 09/01/50   3,850 2,200,427
Taxable, Revenue Bonds, Series C 4.179 09/01/2117   130 92,668
          2,293,095
     
 
Total Municipal Bonds
(cost $11,078,530)
9,671,170
Residential Mortgage-Backed Securities 2.2%
Alternative Loan Trust,
Series 2003-J03, Class 2A1
6.250 12/25/33   1 1,467
22

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
Residential Mortgage-Backed Securities (Continued)
Angel Oak Mortgage Trust,          
Series 2025-10, Class A1, 144A 4.960 %(cc) 09/25/70   3,123  $3,111,112
Series 2025-11, Class A1, 144A 4.975(cc) 10/25/70   2,088 2,080,047
     
 
ATLX Trust,
Series 2024-RPL02, Class A1, 144A
3.850(cc) 04/25/63   4,573 4,442,921
BCAP LLC Trust,
Series 2011-RR04, Class 7A1, 144A
5.250 04/26/37   98 51,239
BRAVO Residential Funding Trust,          
Series 2023-RPL01, Class A1, 144A 5.000(cc) 05/25/63   2,502 2,483,638
Series 2025-NQM06, Class A1, 144A 5.333(cc) 06/25/65   1,671 1,675,897
Chase Home Lending Mortgage Trust,          
Series 2023-RPL01, Class A1, 144A 3.500(cc) 06/25/62   1,521 1,397,926
Series 2024-RPL03, Class A1A, 144A 3.250(cc) 09/25/64   1,299 1,154,589
     
 
CIM Trust,
Series 2024-R01, Class A1, 144A
4.750(cc) 06/25/64   2,075 2,040,690
Connecticut Avenue Securities Trust,          
Series 2023-R08, Class 1M1, 144A, 30 Day Average SOFR + 1.500% (Cap N/A, Floor 0.000%) 5.145(c) 10/25/43   341 341,347
Series 2025-R04, Class 1A1, 144A, 30 Day Average SOFR + 1.000% (Cap N/A, Floor 0.000%) 4.645(c) 05/25/45   1,568 1,569,887
Series 2026-R01, Class 2A1, 144A, 30 Day Average SOFR + 0.850% (Cap N/A, Floor 0.000%) 4.495(c) 01/25/46   2,852 2,850,839
     
 
Credit Suisse First Boston Mortgage Securities Corp.,
Series 2003-08, Class 5A1
6.500 04/25/33   1 556
Credit Suisse Mortgage Trust,
Series 2022-RPL04, Class A1, 144A
3.904(cc) 04/25/62   885 846,577
Fannie Mae Interest Strips,
Series 430, Class C56, IO
3.000 08/25/52   1,458 254,000
Fannie Mae REMIC,          
Series 2014-11, Class VB 4.500 04/25/42   449 449,310
Series 2020-024, Class SP, IO, 30 Day Average SOFR x (1) + 5.936% (Cap 6.050%, Floor 0.000%) 2.290(c) 04/25/50   997 114,863
Series 2020-101, Class AI, IO 3.500 01/25/51   5,272 993,538
Series 2025-06, Class FC, 30 Day Average SOFR + 1.600% (Cap 6.000%, Floor 1.600%) 5.245(c) 02/25/55   996 1,005,195
Series 2026-08, Class BS, IO, 30 Day Average SOFR x (1) + 4.300% (Cap 4.300%, Floor 0.000%) 0.655(c) 02/25/56   22,324 423,497
Series 2026-18, Class SB, IO, 30 Day Average SOFR x (1) + 4.150% (Cap 4.150%, Floor 0.000%) 0.505(c) 04/25/56   10,811 144,542
FHLMC Structured Agency Credit Risk REMIC Trust,          
Series 2021-DNA05, Class M2, 144A, 30 Day Average SOFR + 1.650% (Cap N/A, Floor 0.000%) 5.295(c) 01/25/34   55 54,871
Series 2025-DNA01, Class A1, 144A, 30 Day Average SOFR + 0.950% (Cap N/A, Floor 0.000%) 4.595(c) 01/25/45   4,170 4,172,520
     
 
FHLMC Structured Pass-Through Certificates,
Series T-59, Class 1A2
7.000 10/25/43   47 48,551
Freddie Mac REMIC,          
Series 4249, Class GW 3.500 10/15/41   581 551,556
Series 4978, Class MI, IO 4.000 05/25/40   1,455 211,833
Series 5019, Class IP, IO 3.000 10/25/50   705 125,336
Series 5021, Class SB, IO, 30 Day Average SOFR x (1) + 3.550% (Cap 3.550%, Floor 0.000%) 0.000(c) 10/25/50   3,141 80,772
Series 5222, Class SA, IO, 30 Day Average SOFR x (1) + 3.500% (Cap 3.500%, Floor 0.000%) 0.000(c) 05/25/52   376 6,837
     
 
Freddie Mac Strips,
Series 405, Class C20, IO
4.000 05/25/53   5,210 1,128,357
Government National Mortgage Assoc.,          
Series 2013-99, Class AX 3.000(cc) 07/20/43   447 410,169
Series 2016-46, Class JE 2.500 11/20/45   99 92,002
Series 2018-121, Class KS, IO, 1 Month SOFR x (1) + 3.746% (Cap 3.860%, Floor 0.000%) 0.085(c) 09/20/48   1,378 27,295
Series 2018-148, Class DS, IO, 1 Month SOFR x (1) + 3.726% (Cap 3.840%, Floor 0.000%) 0.065(c) 10/20/48   1,759 33,546
Series 2018-151, Class SL, IO, 1 Month SOFR x (1) + 3.686% (Cap 3.800%, Floor 0.000%) 0.025(c) 11/20/48   1,607 37,291
Series 2019-023, Class SW, IO, 1 Month SOFR x (1) + 6.086% (Cap 6.200%, Floor 0.000%) 2.421(c) 07/16/43   3,016 199,096
Series 2019-092, Class S, IO, 1 Month SOFR x (1) + 2.696% (Cap 2.810%, Floor 0.000%) 0.000(c) 07/20/49   5,679 80,776
Series 2019-099, Class SA, IO, 1 Month SOFR x (1) + 3.236% (Cap 3.350%, Floor 0.000%) 0.000(c) 08/20/49   2,813 36,687
Series 2020-126, Class BI, IO 3.000 08/20/50   2,684 442,301
Series 2021-114, Class TI, IO 3.000 06/20/51   3,524 471,456
Series 2021-165, Class ST, IO, 1 Month SOFR x (1) + 3.246% (Cap 0.020%, Floor 0.000%) 0.000(c) 01/20/50   630 201
Series 2022-051, Class SC, IO, 30 Day Average SOFR x (1) + 3.500% (Cap 3.500%, Floor 0.000%) 0.000(c) 03/20/52   4,412 73,532
Series 2022-066, Class SB, IO, 30 Day Average SOFR x (1) + 3.850% (Cap 3.850%, Floor 0.000%) 0.210(c) 04/20/52   100 2,769
Series 2022-093, Class IO, IO 3.000 08/20/51   9,918 1,026,682
Series 2022-125, Class CS, IO, 30 Day Average SOFR x (1) + 5.990% (Cap 5.990%, Floor 0.000%) 2.350(c) 07/20/52   2,501 200,180
23
PGIM Core Bond Fund

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
Residential Mortgage-Backed Securities (Continued)
Government National Mortgage Assoc., (cont’d.)          
Series 2022-126, Class CS, IO, 30 Day Average SOFR x (1) + 3.760% (Cap 3.760%, Floor 0.000%) 0.120 %(c) 07/20/52   5,114  $85,286
Series 2022-129, Class SA, IO, 30 Day Average SOFR x (1) + 3.950% (Cap 3.950%, Floor 0.000%) 0.310(c) 07/20/52   13,811 256,464
Series 2022-148, Class DS, IO, 30 Day Average SOFR x (1) + 3.600% (Cap 3.600%, Floor 0.000%) 0.000(c) 08/20/52   1,971 29,415
Series 2022-178, Class SA, IO, 30 Day Average SOFR x (1) + 4.900% (Cap 4.900%, Floor 0.000%) 1.260(c) 10/20/52   20,459 861,429
     
 
GS Mortgage-Backed Securities Corp. Trust,
Series 2025-NQM06, Class A1, 144A
5.021(cc) 02/25/66   1,554 1,548,841
HOMES Trust,
Series 2026-NQM01, Class A1, 144A
4.800(cc) 09/25/70   2,052 2,038,797
Legacy Mortgage Asset Trust,
Series 2021-GS01, Class A1, 144A
5.892(cc) 10/25/66   225 224,920
MFA Trust,
Series 2021-RPL01, Class A1, 144A
1.131(cc) 07/25/60   1,454 1,335,503
Mill City Mortgage Loan Trust,
Series 2018-01, Class A1, 144A
3.250(cc) 05/25/62   6 6,337
New Residential Mortgage Loan Trust,
Series 2018-04A, Class A1S, 144A, 1 Month SOFR + 0.864% (Cap N/A, Floor 0.750%)
4.519(c) 01/25/48   32 31,663
OBX Trust,          
Series 2018-01, Class A2, 144A, 1 Month SOFR + 0.764% (Cap N/A, Floor 0.000%) 4.419(c) 06/25/57   71 70,580
Series 2025-NQM21, Class A1FC, 144A 4.917(cc) 10/25/65   3,536 3,529,675
     
 
PRPM LLC,
Series 2024-RPL04, Class A1, 144A
4.000(cc) 12/25/54   3,600 3,514,531
Sequoia Mortgage Trust,
Series 10, Class 2A11 Month SOFR + 0.874% (Cap 11.750%, Floor 0.760%)
4.535(c) 10/20/27   —(r) 326
Structured Asset Mortgage Investments II Trust,
Series 2005-AR05, Class A11 Month SOFR + 0.614% (Cap 11.000%, Floor 0.500%)
4.275(c) 07/19/35   12 11,062
Towd Point Mortgage Trust,          
Series 2019-HY03, Class A1A, 144A, 1 Month SOFR + 1.114% (Cap N/A, Floor 1.000%) 4.769(c) 10/25/59   57 57,340
Series 2020-04, Class A1, 144A 1.750 10/25/60   433 395,436
Series 2021-SJ01, Class A1, 144A 2.250(cc) 07/25/68   716 696,933
Series 2021-SJ02, Class A1A, 144A 2.250(cc) 12/25/61   1,090 1,067,054
Washington Mutual Mortgage Pass-Through Certificates Trust,          
Series 2002-AR06, Class A, Federal Reserve US 12 Month Cumulative Avg 1 Year CMT + 1.400% (Cap N/A, Floor 1.400%) 4.909(c) 06/25/42   15 13,993
Series 2002-AR09, Class 1A, Federal Reserve US 12 Month Cumulative Avg 1 Year CMT + 1.400% (Cap N/A, Floor 1.400%) 4.909(c) 08/25/42   1 868
Series 2005-AR13, Class A1A1, 1 Month SOFR + 0.694% (Cap 10.500%, Floor 0.580%) 4.349(c) 10/25/45   114 110,681
     
 
Total Residential Mortgage-Backed Securities
(cost $53,144,483)
52,835,427
Sovereign Bonds 1.8%
Bermuda Government International Bond (Bermuda),
Sr. Unsec’d. Notes, 144A
2.375 08/20/30   555 503,940
Export-Import Bank of India (India),
Sr. Unsec’d. Notes, 144A
3.875 02/01/28   290 287,016
Hungary Government International Bond (Hungary),
Sr. Unsec’d. Notes, 144A
5.375 09/26/30   2,190 2,238,191
Indonesia Government International Bond (Indonesia),          
Sr. Unsec’d. Notes 3.500 01/11/28   1,420 1,405,516
Sr. Unsec’d. Notes(a) 5.600 01/15/35   2,640 2,712,600
     
 
Israel Government International Bond (Israel),
Sr. Unsec’d. Notes, Series 05Y
5.375 02/19/30   4,014 4,091,832
Ivory Coast Government International Bond (Ivory Coast),
Sr. Unsec’d. Notes, 144A
6.750 02/25/41   1,815 1,672,595
Mexico Government International Bond (Mexico),          
Sr. Unsec’d. Notes 3.500 02/12/34   970 830,926
Sr. Unsec’d. Notes 6.000 05/07/36   1,527 1,533,108
Sr. Unsec’d. Notes 6.875 05/13/37   3,290 3,474,651
     
 
Oman Government International Bond (Oman),
Sr. Unsec’d. Notes, 144A
4.750 06/15/26   3,073 3,072,040
24

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
Sovereign Bonds (Continued)
     
Panama Government International Bond (Panama),
Sr. Unsec’d. Notes
4.500 % 04/16/50   200  $160,500
Peruvian Government International Bond (Peru),
Sr. Unsec’d. Notes
2.783 01/23/31   701 644,394
Province of Alberta (Canada),          
Sr. Unsec’d. Notes(a) 1.300 07/22/30   175 155,781
Sr. Unsec’d. Notes 3.300 03/15/28   110 108,541
     
 
Province of Manitoba (Canada),
Sr. Unsec’d. Notes
2.125 06/22/26   100 99,758
Republic of Poland Government International Bond (Poland),          
Bonds, Series 10Y 5.375 02/12/35   3,355 3,427,468
Sr. Unsec’d. Notes, Series 10Y 5.375 04/14/36   3,980 4,005,790
     
 
Romanian Government International Bond (Romania),
Sr. Unsec’d. Notes, 144A
5.750 09/16/30   7,960 8,039,600
Saudi Government International Bond (Saudi Arabia),
Sr. Unsec’d. Notes, 144A
5.125 01/13/28   3,440 3,470,100
Serbia International Bond (Serbia),
Sr. Unsec’d. Notes, 144A
5.500 05/06/36   2,140 2,083,204
     
 
Total Sovereign Bonds
(cost $43,758,347)
44,017,551
U.S. Government Agency Obligations 26.3%
Federal Home Loan Mortgage Corp. 1.500 10/01/35   2,410 2,177,380
Federal Home Loan Mortgage Corp. 1.500 02/01/36   637 573,870
Federal Home Loan Mortgage Corp. 1.500 11/01/50   1,555 1,191,804
Federal Home Loan Mortgage Corp. 2.000 01/01/32   163 155,297
Federal Home Loan Mortgage Corp. 2.000 10/01/40   309 272,441
Federal Home Loan Mortgage Corp. 2.000 09/01/50   10,568 8,546,228
Federal Home Loan Mortgage Corp. 2.000 11/01/50   483 390,767
Federal Home Loan Mortgage Corp. 2.000 12/01/50   1,622 1,311,266
Federal Home Loan Mortgage Corp. 2.000 03/01/51   2,098 1,694,141
Federal Home Loan Mortgage Corp. 2.000 04/01/51   87 69,762
Federal Home Loan Mortgage Corp. 2.000 05/01/51   1,095 883,338
Federal Home Loan Mortgage Corp. 2.000 06/01/51   5,350 4,305,551
Federal Home Loan Mortgage Corp. 2.000 07/01/51   3,697 2,977,314
Federal Home Loan Mortgage Corp. 2.500 01/01/29   58 56,927
Federal Home Loan Mortgage Corp. 2.500 10/01/32   191 182,964
Federal Home Loan Mortgage Corp. 2.500 12/01/32   374 359,063
Federal Home Loan Mortgage Corp. 2.500 10/01/35   1,660 1,565,039
Federal Home Loan Mortgage Corp. 2.500 09/01/46   127 109,312
Federal Home Loan Mortgage Corp. 2.500 11/01/46   399 344,346
Federal Home Loan Mortgage Corp. 2.500 11/01/49   681 582,151
Federal Home Loan Mortgage Corp. 2.500 07/01/50   2,257 1,911,403
Federal Home Loan Mortgage Corp. 2.500 03/01/51   814 692,800
Federal Home Loan Mortgage Corp. 2.500 04/01/51   9,204 7,771,735
Federal Home Loan Mortgage Corp. 2.500 05/01/51   3,347 2,827,206
Federal Home Loan Mortgage Corp. 2.500 07/01/51   380 321,055
Federal Home Loan Mortgage Corp. 2.500 08/01/51   761 642,467
Federal Home Loan Mortgage Corp. 2.500 10/01/51   61 51,655
Federal Home Loan Mortgage Corp. 2.500 10/01/51   250 213,257
Federal Home Loan Mortgage Corp. 2.500 11/01/51   5,008 4,224,394
Federal Home Loan Mortgage Corp. 2.500 12/01/51   2,625 2,215,471
Federal Home Loan Mortgage Corp. 2.500 01/01/52   400 337,070
Federal Home Loan Mortgage Corp. 2.500 04/01/52   2,838 2,392,524
Federal Home Loan Mortgage Corp. 2.500 04/01/52   4,435 3,760,432
Federal Home Loan Mortgage Corp. 3.000 02/01/32   340 330,475
Federal Home Loan Mortgage Corp. 3.000 01/01/37   97 91,924
Federal Home Loan Mortgage Corp. 3.000 12/01/37   39 36,319
Federal Home Loan Mortgage Corp. 3.000 06/01/43   1,090 996,377
Federal Home Loan Mortgage Corp. 3.000 07/01/43   184 168,588
25
PGIM Core Bond Fund

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
U.S. Government Agency Obligations (Continued)
Federal Home Loan Mortgage Corp. 3.000 % 06/01/46   310  $279,039
Federal Home Loan Mortgage Corp. 3.000 09/01/46   1,796 1,617,195
Federal Home Loan Mortgage Corp. 3.000 12/01/46   6,442 5,771,107
Federal Home Loan Mortgage Corp. 3.000 01/01/47   326 292,055
Federal Home Loan Mortgage Corp. 3.000 02/01/50   2,021 1,791,353
Federal Home Loan Mortgage Corp. 3.000 09/01/50   1,864 1,637,823
Federal Home Loan Mortgage Corp. 3.000 04/01/52   3,454 3,030,940
Federal Home Loan Mortgage Corp. 3.500 06/01/37   467 449,122
Federal Home Loan Mortgage Corp. 3.500 11/01/37   90 86,161
Federal Home Loan Mortgage Corp. 3.500 06/01/42   134 126,068
Federal Home Loan Mortgage Corp. 3.500 06/01/42   141 132,879
Federal Home Loan Mortgage Corp. 3.500 07/01/42   139 131,035
Federal Home Loan Mortgage Corp. 3.500 09/01/42   177 166,798
Federal Home Loan Mortgage Corp. 3.500 10/01/42   216 203,299
Federal Home Loan Mortgage Corp. 3.500 06/01/43   94 88,578
Federal Home Loan Mortgage Corp. 3.500 05/01/45   119 110,947
Federal Home Loan Mortgage Corp. 3.500 01/01/47   88 82,049
Federal Home Loan Mortgage Corp. 3.500 02/01/47   199 184,404
Federal Home Loan Mortgage Corp. 3.500 11/01/47   132 122,107
Federal Home Loan Mortgage Corp. 3.500 03/01/48   2,807 2,604,216
Federal Home Loan Mortgage Corp. 3.500 08/01/48   53 48,586
Federal Home Loan Mortgage Corp. 3.500 10/01/48   201 185,491
Federal Home Loan Mortgage Corp. 3.500 01/01/50   1,154 1,071,312
Federal Home Loan Mortgage Corp. 3.500 01/01/52   119 108,401
Federal Home Loan Mortgage Corp. 3.500 05/01/52   5,259 4,791,349
Federal Home Loan Mortgage Corp. 4.000 09/01/37   1,239 1,208,891
Federal Home Loan Mortgage Corp. 4.000 12/01/40   34 33,071
Federal Home Loan Mortgage Corp. 4.000 01/01/41   145 138,623
Federal Home Loan Mortgage Corp. 4.000 04/01/42   122 117,925
Federal Home Loan Mortgage Corp. 4.000 10/01/45   74 70,877
Federal Home Loan Mortgage Corp. 4.000 02/01/46   1,044 1,005,177
Federal Home Loan Mortgage Corp. 4.000 05/01/46   66 63,389
Federal Home Loan Mortgage Corp. 4.000 08/01/46   109 103,499
Federal Home Loan Mortgage Corp. 4.000 11/01/47   67 64,002
Federal Home Loan Mortgage Corp. 4.000 04/01/48   104 99,408
Federal Home Loan Mortgage Corp. 4.000 05/01/48   121 114,985
Federal Home Loan Mortgage Corp. 4.000 07/01/48   228 217,520
Federal Home Loan Mortgage Corp. 4.000 07/01/49   293 279,661
Federal Home Loan Mortgage Corp. 4.000 04/01/52   1,254 1,191,195
Federal Home Loan Mortgage Corp. 4.000 05/01/52   2,049 1,928,280
Federal Home Loan Mortgage Corp. 4.000 06/01/52   3,855 3,624,371
Federal Home Loan Mortgage Corp. 4.000 04/01/53   11,026 10,346,642
Federal Home Loan Mortgage Corp. 4.500 06/01/42   46 45,821
Federal Home Loan Mortgage Corp. 4.500 09/01/44   60 59,231
Federal Home Loan Mortgage Corp. 4.500 07/01/45   144 142,545
Federal Home Loan Mortgage Corp. 4.500 04/01/47   560 550,187
Federal Home Loan Mortgage Corp. 4.500 07/01/47   65 63,198
Federal Home Loan Mortgage Corp. 4.500 07/01/47   149 146,388
Federal Home Loan Mortgage Corp. 4.500 11/01/47   253 248,477
Federal Home Loan Mortgage Corp. 4.500 02/01/48   67 65,589
Federal Home Loan Mortgage Corp. 4.500 07/01/48   160 157,076
Federal Home Loan Mortgage Corp. 4.500 05/01/52   346 334,384
Federal Home Loan Mortgage Corp. 4.500 06/01/52   5,519 5,333,332
Federal Home Loan Mortgage Corp. 4.500 07/01/52   3,277 3,166,797
Federal Home Loan Mortgage Corp. 4.500 08/01/52   3,035 2,929,359
Federal Home Loan Mortgage Corp.(kk) 4.500 09/01/52   18,820 18,180,496
Federal Home Loan Mortgage Corp. 4.500 10/01/52   3,499 3,380,914
Federal Home Loan Mortgage Corp. 4.500 07/01/53   1,410 1,362,248
Federal Home Loan Mortgage Corp. 5.000 08/01/40   141 142,976
Federal Home Loan Mortgage Corp. 5.000 12/01/47   91 90,351
Federal Home Loan Mortgage Corp. 5.000 02/01/48   163 163,622
26

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
U.S. Government Agency Obligations (Continued)
Federal Home Loan Mortgage Corp. 5.000 % 10/01/52   3,853  $3,816,810
Federal Home Loan Mortgage Corp. 5.000 11/01/52   1,521 1,509,366
Federal Home Loan Mortgage Corp. 5.000 01/01/53   7,731 7,655,395
Federal Home Loan Mortgage Corp. 5.000 06/01/53   7,268 7,195,856
Federal Home Loan Mortgage Corp. 5.000 08/01/53   7,369 7,289,881
Federal Home Loan Mortgage Corp. 5.000 11/01/53   1,536 1,517,852
Federal Home Loan Mortgage Corp. 5.000 11/01/54   16,002 15,778,143
Federal Home Loan Mortgage Corp. 5.500 02/01/53   12,209 12,319,466
Federal Home Loan Mortgage Corp. 5.500 04/01/53   11,718 11,819,776
Federal Home Loan Mortgage Corp. 5.500 04/01/54   6,797 6,838,293
Federal National Mortgage Assoc. 0.875 08/05/30   235 206,479
Federal National Mortgage Assoc. 1.500 01/01/36   1,665 1,501,023
Federal National Mortgage Assoc. 1.500 04/01/36   701 630,933
Federal National Mortgage Assoc. 1.500 02/01/42   385 327,514
Federal National Mortgage Assoc. 1.500 10/01/50   323 249,064
Federal National Mortgage Assoc. 1.500 11/01/50   917 705,069
Federal National Mortgage Assoc. 1.500 12/01/50   7,002 5,388,884
Federal National Mortgage Assoc. 1.500 01/01/51   3,423 2,628,763
Federal National Mortgage Assoc. 1.500 06/01/51   604 463,405
Federal National Mortgage Assoc. 1.500 07/01/51   718 551,148
Federal National Mortgage Assoc. 2.000 03/01/31   757 725,236
Federal National Mortgage Assoc. 2.000 01/01/32   1,609 1,524,894
Federal National Mortgage Assoc. 2.000 08/01/40   1,569 1,379,780
Federal National Mortgage Assoc. 2.000 02/01/41   1,490 1,303,281
Federal National Mortgage Assoc. 2.000 05/01/41   2,992 2,609,457
Federal National Mortgage Assoc. 2.000 10/01/50   10,412 8,419,888
Federal National Mortgage Assoc. 2.000 11/01/50   317 255,867
Federal National Mortgage Assoc. 2.000 12/01/50   34 27,255
Federal National Mortgage Assoc. 2.000 01/01/51   3,099 2,502,699
Federal National Mortgage Assoc. 2.000 02/01/51   3,261 2,636,334
Federal National Mortgage Assoc. 2.000 02/01/51   7,056 5,702,038
Federal National Mortgage Assoc. 2.000 03/01/51   4,827 3,892,956
Federal National Mortgage Assoc. 2.000 04/01/51   3,725 3,002,606
Federal National Mortgage Assoc. 2.000 05/01/51   15,463 12,453,500
Federal National Mortgage Assoc. 2.000 07/01/51   1,802 1,453,038
Federal National Mortgage Assoc. 2.000 08/01/51   1,832 1,476,423
Federal National Mortgage Assoc. 2.500 TBA   2,000 1,674,406
Federal National Mortgage Assoc. 2.500 05/01/30   91 88,495
Federal National Mortgage Assoc. 2.500 07/01/32   483 462,373
Federal National Mortgage Assoc. 2.500 08/01/32   543 520,790
Federal National Mortgage Assoc. 2.500 09/01/32   504 483,357
Federal National Mortgage Assoc. 2.500 07/01/35   1,687 1,605,037
Federal National Mortgage Assoc. 2.500 11/01/36   1,652 1,564,921
Federal National Mortgage Assoc. 2.500 02/01/43   52 46,235
Federal National Mortgage Assoc. 2.500 06/01/46   263 229,195
Federal National Mortgage Assoc. 2.500 09/01/46   134 115,684
Federal National Mortgage Assoc. 2.500 10/01/46   82 71,034
Federal National Mortgage Assoc. 2.500 10/01/46   149 127,998
Federal National Mortgage Assoc. 2.500 03/01/50   554 472,489
Federal National Mortgage Assoc. 2.500 08/01/50   1,391 1,177,587
Federal National Mortgage Assoc. 2.500 08/01/50   3,549 3,004,412
Federal National Mortgage Assoc. 2.500 11/01/50   2,484 2,126,078
Federal National Mortgage Assoc. 2.500 12/01/50   217 185,248
Federal National Mortgage Assoc. 2.500 01/01/51   538 460,646
Federal National Mortgage Assoc. 2.500 04/01/51   4,495 3,793,408
Federal National Mortgage Assoc. 2.500 05/01/51   1,840 1,555,426
Federal National Mortgage Assoc. 2.500 07/01/51   3,274 2,757,522
Federal National Mortgage Assoc. 2.500 09/01/51   394 332,565
Federal National Mortgage Assoc. 2.500 10/01/51   711 598,933
Federal National Mortgage Assoc. 2.500 11/01/51   2,776 2,343,787
Federal National Mortgage Assoc. 2.500 12/01/51   427 363,770
27
PGIM Core Bond Fund

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
U.S. Government Agency Obligations (Continued)
Federal National Mortgage Assoc. 2.500 % 02/01/52   387  $326,246
Federal National Mortgage Assoc. 2.500 02/01/52   742 632,418
Federal National Mortgage Assoc. 3.000 06/01/30   51 50,392
Federal National Mortgage Assoc. 3.000 05/01/31   24 23,078
Federal National Mortgage Assoc. 3.000 12/01/31   68 66,475
Federal National Mortgage Assoc. 3.000 05/01/32   76 73,936
Federal National Mortgage Assoc. 3.000 09/01/32   28 27,363
Federal National Mortgage Assoc. 3.000 11/01/36   68 64,099
Federal National Mortgage Assoc. 3.000 05/01/37   4,357 4,150,360
Federal National Mortgage Assoc. 3.000 10/01/42   93 85,025
Federal National Mortgage Assoc. 3.000 10/01/42   145 132,310
Federal National Mortgage Assoc. 3.000 02/01/43   137 125,010
Federal National Mortgage Assoc. 3.000 04/01/43   173 157,678
Federal National Mortgage Assoc. 3.000 06/01/43   229 209,183
Federal National Mortgage Assoc. 3.000 12/01/45   322 294,023
Federal National Mortgage Assoc. 3.000 05/01/46   403 362,531
Federal National Mortgage Assoc. 3.000 09/01/46   426 389,051
Federal National Mortgage Assoc. 3.000 10/01/46   1,308 1,171,935
Federal National Mortgage Assoc. 3.000 11/01/46   484 434,576
Federal National Mortgage Assoc. 3.000 11/01/46   1,033 926,485
Federal National Mortgage Assoc. 3.000 03/01/47   354 317,513
Federal National Mortgage Assoc. 3.000 04/01/47   745 670,017
Federal National Mortgage Assoc. 3.000 12/01/49   1,815 1,610,205
Federal National Mortgage Assoc. 3.000 01/01/50   759 666,432
Federal National Mortgage Assoc. 3.000 02/01/50   671 598,107
Federal National Mortgage Assoc. 3.000 02/01/50   1,363 1,206,040
Federal National Mortgage Assoc. 3.000 03/01/50   327 289,721
Federal National Mortgage Assoc. 3.000 01/01/51   859 758,891
Federal National Mortgage Assoc. 3.000 05/01/51   922 813,578
Federal National Mortgage Assoc. 3.000 06/01/51   3,516 3,080,935
Federal National Mortgage Assoc. 3.000 01/01/52   2,030 1,801,258
Federal National Mortgage Assoc. 3.000 02/01/52   1,448 1,270,981
Federal National Mortgage Assoc. 3.000 03/01/52   2,786 2,445,598
Federal National Mortgage Assoc. 3.000 03/01/52   2,883 2,555,424
Federal National Mortgage Assoc. 3.000 04/01/52   2,237 1,963,406
Federal National Mortgage Assoc. 3.500 12/01/29   20 19,552
Federal National Mortgage Assoc. 3.500 12/01/30   30 29,422
Federal National Mortgage Assoc. 3.500 07/01/31   116 114,137
Federal National Mortgage Assoc. 3.500 08/01/31   125 122,314
Federal National Mortgage Assoc. 3.500 02/01/33   58 57,426
Federal National Mortgage Assoc. 3.500 05/01/33   24 23,254
Federal National Mortgage Assoc. 3.500 10/01/41   51 48,501
Federal National Mortgage Assoc. 3.500 04/01/42   115 107,920
Federal National Mortgage Assoc. 3.500 05/01/42   116 107,970
Federal National Mortgage Assoc. 3.500 05/01/42   728 685,332
Federal National Mortgage Assoc. 3.500 06/01/42   312 293,415
Federal National Mortgage Assoc. 3.500 10/01/42   176 166,100
Federal National Mortgage Assoc. 3.500 10/01/42   201 188,214
Federal National Mortgage Assoc. 3.500 10/01/42   404 378,999
Federal National Mortgage Assoc. 3.500 06/01/43   103 96,632
Federal National Mortgage Assoc. 3.500 06/01/45   120 112,342
Federal National Mortgage Assoc. 3.500 06/01/45   197 183,779
Federal National Mortgage Assoc. 3.500 09/01/45   171 159,076
Federal National Mortgage Assoc. 3.500 10/01/45   182 169,027
Federal National Mortgage Assoc. 3.500 01/01/46   60 55,640
Federal National Mortgage Assoc. 3.500 01/01/46   148 137,636
Federal National Mortgage Assoc. 3.500 04/01/46   1,602 1,490,655
Federal National Mortgage Assoc. 3.500 11/01/46   74 68,424
Federal National Mortgage Assoc. 3.500 06/01/47   264 245,082
Federal National Mortgage Assoc. 3.500 07/01/47   169 156,558
Federal National Mortgage Assoc. 3.500 07/01/47   777 730,375
28

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
U.S. Government Agency Obligations (Continued)
Federal National Mortgage Assoc. 3.500 % 08/01/47   126  $117,107
Federal National Mortgage Assoc. 3.500 09/01/47   211 195,532
Federal National Mortgage Assoc. 3.500 10/01/47   755 699,597
Federal National Mortgage Assoc. 3.500 11/01/47   687 633,678
Federal National Mortgage Assoc. 3.500 01/01/48   126 116,842
Federal National Mortgage Assoc. 3.500 01/01/48   184 170,392
Federal National Mortgage Assoc. 3.500 01/01/48   2,560 2,364,229
Federal National Mortgage Assoc. 3.500 04/01/48   345 317,086
Federal National Mortgage Assoc. 3.500 06/01/48   521 480,920
Federal National Mortgage Assoc. 3.500 08/01/48   274 252,568
Federal National Mortgage Assoc. 3.500 10/01/48   183 168,967
Federal National Mortgage Assoc. 3.500 11/01/48   134 122,721
Federal National Mortgage Assoc. 3.500 03/01/49   614 569,384
Federal National Mortgage Assoc. 3.500 06/01/49   254 234,825
Federal National Mortgage Assoc. 3.500 07/01/49   6,852 6,326,181
Federal National Mortgage Assoc. 3.500 08/01/51   32 29,098
Federal National Mortgage Assoc. 3.500 02/01/52   351 321,959
Federal National Mortgage Assoc. 3.500 04/01/52   18,421 16,791,738
Federal National Mortgage Assoc. 3.500 05/01/52   9,936 9,050,230
Federal National Mortgage Assoc. 4.000 09/01/40   88 85,203
Federal National Mortgage Assoc. 4.000 11/01/40   372 358,542
Federal National Mortgage Assoc. 4.000 02/01/41   150 144,603
Federal National Mortgage Assoc. 4.000 02/01/41   245 235,974
Federal National Mortgage Assoc. 4.000 12/01/41   160 154,421
Federal National Mortgage Assoc. 4.000 10/01/43   121 117,791
Federal National Mortgage Assoc. 4.000 09/01/44   69 66,425
Federal National Mortgage Assoc. 4.000 10/01/44   156 149,081
Federal National Mortgage Assoc. 4.000 12/01/45   55 52,084
Federal National Mortgage Assoc. 4.000 04/01/46   52 49,227
Federal National Mortgage Assoc. 4.000 08/01/46   80 76,244
Federal National Mortgage Assoc. 4.000 09/01/46   722 694,302
Federal National Mortgage Assoc. 4.000 02/01/47   261 248,281
Federal National Mortgage Assoc. 4.000 03/01/47   355 336,882
Federal National Mortgage Assoc. 4.000 06/01/47   210 200,141
Federal National Mortgage Assoc. 4.000 10/01/47   66 63,186
Federal National Mortgage Assoc. 4.000 11/01/47   128 121,994
Federal National Mortgage Assoc. 4.000 12/01/47   136 129,763
Federal National Mortgage Assoc. 4.000 02/01/48   126 118,618
Federal National Mortgage Assoc. 4.000 09/01/48   985 938,067
Federal National Mortgage Assoc. 4.000 10/01/48   179 171,221
Federal National Mortgage Assoc. 4.000 03/01/49   511 486,809
Federal National Mortgage Assoc. 4.000 03/01/49   787 749,558
Federal National Mortgage Assoc. 4.000 07/01/49   175 164,955
Federal National Mortgage Assoc. 4.000 01/01/50   1,494 1,421,596
Federal National Mortgage Assoc. 4.000 05/01/50   1,568 1,486,665
Federal National Mortgage Assoc. 4.000 05/01/52   14,329 13,485,496
Federal National Mortgage Assoc. 4.000 06/01/52   11,202 10,555,289
Federal National Mortgage Assoc. 4.000 09/01/52   7,809 7,348,692
Federal National Mortgage Assoc. 4.500 08/01/40   42 41,876
Federal National Mortgage Assoc. 4.500 04/01/41   51 50,366
Federal National Mortgage Assoc. 4.500 06/01/41   101 100,234
Federal National Mortgage Assoc. 4.500 08/01/41   61 60,331
Federal National Mortgage Assoc. 4.500 08/01/41   150 149,103
Federal National Mortgage Assoc. 4.500 08/01/44   152 149,440
Federal National Mortgage Assoc. 4.500 01/01/45   80 78,389
Federal National Mortgage Assoc. 4.500 11/01/47   96 94,023
Federal National Mortgage Assoc. 4.500 06/01/48   128 125,284
Federal National Mortgage Assoc. 4.500 07/01/48   1,109 1,077,363
Federal National Mortgage Assoc. 4.500 10/01/48   617 603,095
Federal National Mortgage Assoc. 4.500 11/01/48   651 636,344
Federal National Mortgage Assoc. 4.500 12/01/48   645 629,957
29
PGIM Core Bond Fund

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
U.S. Government Agency Obligations (Continued)
Federal National Mortgage Assoc. 4.500 % 02/01/49   43  $42,043
Federal National Mortgage Assoc. 4.500 07/01/52   1,809 1,746,039
Federal National Mortgage Assoc. 4.500 08/01/52   626 605,499
Federal National Mortgage Assoc. 4.500 09/01/52   6,735 6,508,351
Federal National Mortgage Assoc. 4.500 10/01/52   6,596 6,377,734
Federal National Mortgage Assoc. 4.500 12/01/52   1,191 1,150,347
Federal National Mortgage Assoc. 5.000 09/01/30   4 3,829
Federal National Mortgage Assoc. 5.000 10/01/40   71 71,987
Federal National Mortgage Assoc. 5.000 03/01/42   142 144,158
Federal National Mortgage Assoc. 5.000 10/01/47   123 123,297
Federal National Mortgage Assoc. 5.000 01/01/48   30 30,488
Federal National Mortgage Assoc. 5.000 06/01/49   745 747,089
Federal National Mortgage Assoc. 5.000 07/01/52   5,881 5,824,168
Federal National Mortgage Assoc. 5.000 08/01/52   1,033 1,023,218
Federal National Mortgage Assoc. 5.000 09/01/52   1,097 1,088,016
Federal National Mortgage Assoc. 5.000 10/01/52   1,239 1,227,246
Federal National Mortgage Assoc. 5.000 02/01/53   1,190 1,177,757
Federal National Mortgage Assoc. 5.000 03/01/53   12,622 12,485,013
Federal National Mortgage Assoc. 5.000 11/01/55   12,616 12,436,201
Federal National Mortgage Assoc. 5.500 01/01/40   72 73,650
Federal National Mortgage Assoc. 5.500 04/01/53   1,508 1,521,687
Federal National Mortgage Assoc.(k) 5.500 05/01/53   14,478 14,603,142
Federal National Mortgage Assoc. 5.500 10/01/53   2,216 2,233,948
Federal National Mortgage Assoc. 5.500 11/01/53   10,428 10,513,523
Federal National Mortgage Assoc. 6.000 10/01/36   36 37,571
Federal National Mortgage Assoc. 6.000 07/01/41   40 42,158
Federal National Mortgage Assoc. 6.000 01/01/53   6,285 6,446,888
Federal National Mortgage Assoc. 6.000 03/01/53   1,488 1,529,710
Federal National Mortgage Assoc. 6.000 09/01/53   2,724 2,788,418
Federal National Mortgage Assoc. 6.000 11/01/53   1,317 1,347,729
Federal National Mortgage Assoc.(k) 6.625 11/15/30   485 536,402
Federal National Mortgage Assoc.(k) 7.125 01/15/30   80 88,527
Federal National Mortgage Assoc. 4.336(s) 03/17/31   520 420,651
Federal National Mortgage Assoc., Enterprise 11th District COFI Institutional Replacement Index + 1.254% (Cap 12.750%, Floor 5.750%) 5.750(c) 12/01/30   —(r) 106
Government National Mortgage Assoc. 2.000 10/20/50   6,052 4,990,091
Government National Mortgage Assoc. 2.000 01/20/51   2,295 1,889,244
Government National Mortgage Assoc. 2.000 03/20/51   877 721,833
Government National Mortgage Assoc. 2.000 07/20/51   4,603 3,788,487
Government National Mortgage Assoc. 2.000 11/20/51   412 339,204
Government National Mortgage Assoc. 2.000 04/20/52   426 350,312
Government National Mortgage Assoc. 2.500 12/20/46   190 166,007
Government National Mortgage Assoc. 2.500 10/20/50   3,459 2,968,722
Government National Mortgage Assoc. 2.500 01/20/51   3,644 3,124,751
Government National Mortgage Assoc. 3.000 07/20/42   281 257,513
Government National Mortgage Assoc. 3.000 03/20/43   192 175,578
Government National Mortgage Assoc. 3.000 08/20/43   36 32,852
Government National Mortgage Assoc. 3.000 09/20/43   71 65,005
Government National Mortgage Assoc. 3.000 01/20/44   68 62,001
Government National Mortgage Assoc. 3.000 05/20/45   68 61,170
Government National Mortgage Assoc. 3.000 08/15/45   73 65,207
Government National Mortgage Assoc. 3.000 05/20/46   421 379,894
Government National Mortgage Assoc. 3.000 07/20/46   670 601,007
Government National Mortgage Assoc. 3.000 08/20/46   37 33,130
Government National Mortgage Assoc. 3.000 03/20/47   440 396,368
Government National Mortgage Assoc. 3.000 11/20/47   3,644 3,278,371
Government National Mortgage Assoc. 3.000 01/20/48   56 50,201
Government National Mortgage Assoc. 3.000 08/20/48   918 826,872
Government National Mortgage Assoc. 3.000 07/20/49   313 279,575
Government National Mortgage Assoc. 3.000 09/20/49   389 347,954
Government National Mortgage Assoc. 3.000 12/20/49   434 387,379
30

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
U.S. Government Agency Obligations (Continued)
Government National Mortgage Assoc. 3.000 % 01/20/50   2,011  $1,795,820
Government National Mortgage Assoc. 3.500 01/15/42   46 42,922
Government National Mortgage Assoc. 3.500 12/20/42   137 128,373
Government National Mortgage Assoc. 3.500 01/20/43   203 190,897
Government National Mortgage Assoc. 3.500 02/20/43   93 86,525
Government National Mortgage Assoc. 3.500 08/20/43   328 308,190
Government National Mortgage Assoc. 3.500 10/20/43   432 406,148
Government National Mortgage Assoc. 3.500 03/20/45   45 41,849
Government National Mortgage Assoc. 3.500 04/20/45   253 235,001
Government National Mortgage Assoc. 3.500 04/20/46   485 450,364
Government National Mortgage Assoc. 3.500 07/20/46   298 275,025
Government National Mortgage Assoc. 3.500 10/20/46   594 551,373
Government National Mortgage Assoc. 3.500 12/20/46   584 541,015
Government National Mortgage Assoc. 3.500 04/20/47   417 386,386
Government National Mortgage Assoc. 3.500 05/20/47   324 300,164
Government National Mortgage Assoc. 3.500 10/20/47   111 102,181
Government National Mortgage Assoc. 3.500 11/20/47   574 529,476
Government National Mortgage Assoc. 3.500 01/20/48   156 144,308
Government National Mortgage Assoc. 3.500 10/20/48   93 86,088
Government National Mortgage Assoc. 3.500 11/20/48   182 168,483
Government National Mortgage Assoc. 3.500 12/20/48   66 60,723
Government National Mortgage Assoc. 3.500 02/20/49   157 144,759
Government National Mortgage Assoc. 3.500 05/20/49   245 226,159
Government National Mortgage Assoc. 3.500 06/20/49   3,185 2,931,156
Government National Mortgage Assoc. 3.500 08/20/49   4,852 4,462,126
Government National Mortgage Assoc. 3.500 11/20/49   2,166 1,993,683
Government National Mortgage Assoc. 3.500 11/20/50   4,477 4,105,834
Government National Mortgage Assoc. 3.500 04/20/51   1,545 1,418,619
Government National Mortgage Assoc. 3.500 02/20/52   1,821 1,662,445
Government National Mortgage Assoc. 3.500 05/20/52   6,482 5,910,884
Government National Mortgage Assoc. 4.000 12/20/40   104 99,779
Government National Mortgage Assoc. 4.000 06/20/41   45 43,152
Government National Mortgage Assoc. 4.000 11/15/41   59 56,573
Government National Mortgage Assoc. 4.000 12/20/42   108 104,407
Government National Mortgage Assoc. 4.000 04/20/43   72 68,981
Government National Mortgage Assoc. 4.000 10/20/43   61 58,752
Government National Mortgage Assoc. 4.000 12/20/43   135 129,861
Government National Mortgage Assoc. 4.000 09/20/44   79 76,323
Government National Mortgage Assoc. 4.000 08/20/45   131 125,445
Government National Mortgage Assoc. 4.000 10/20/45   62 59,506
Government National Mortgage Assoc. 4.000 03/20/46   119 114,430
Government National Mortgage Assoc. 4.000 11/20/46   87 83,892
Government National Mortgage Assoc. 4.000 03/20/47   77 73,944
Government National Mortgage Assoc. 4.000 05/20/47   123 116,961
Government National Mortgage Assoc. 4.000 07/20/47   481 458,064
Government National Mortgage Assoc. 4.000 11/20/47   325 309,236
Government National Mortgage Assoc. 4.000 12/20/47   77 73,675
Government National Mortgage Assoc. 4.000 04/20/48   56 53,038
Government National Mortgage Assoc. 4.000 06/20/48   1,052 1,001,392
Government National Mortgage Assoc. 4.000 07/20/48   147 140,139
Government National Mortgage Assoc. 4.000 08/20/48   2,196 2,088,957
Government National Mortgage Assoc. 4.000 09/20/48   131 124,476
Government National Mortgage Assoc. 4.000 10/20/48   4,561 4,345,349
Government National Mortgage Assoc. 4.000 11/20/48   55 52,291
Government National Mortgage Assoc. 4.000 01/20/49   66 63,081
Government National Mortgage Assoc. 4.000 02/20/49   133 126,774
Government National Mortgage Assoc. 4.000 03/20/49   82 78,388
Government National Mortgage Assoc. 4.000 04/20/49   396 376,304
Government National Mortgage Assoc. 4.000 01/20/50   45 42,369
Government National Mortgage Assoc. 4.000 02/20/50   65 61,808
Government National Mortgage Assoc. 4.000 07/20/50   99 93,946
31
PGIM Core Bond Fund

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
U.S. Government Agency Obligations (Continued)
Government National Mortgage Assoc. 4.000 % 06/20/52   1,513  $1,425,593
Government National Mortgage Assoc. 4.000 08/20/52   855 805,063
Government National Mortgage Assoc. 4.000 10/20/52   4,120 3,885,297
Government National Mortgage Assoc. 4.500 12/20/41   221 218,328
Government National Mortgage Assoc. 4.500 10/20/43   33 32,157
Government National Mortgage Assoc. 4.500 01/20/44   44 43,817
Government National Mortgage Assoc. 4.500 04/20/44   148 145,830
Government National Mortgage Assoc. 4.500 03/20/45   36 35,566
Government National Mortgage Assoc. 4.500 07/20/46   73 72,115
Government National Mortgage Assoc. 4.500 08/20/46   62 61,244
Government National Mortgage Assoc. 4.500 11/20/46   57 56,168
Government National Mortgage Assoc. 4.500 01/20/47   354 349,245
Government National Mortgage Assoc. 4.500 01/20/48   45 44,152
Government National Mortgage Assoc. 4.500 02/20/48   284 279,617
Government National Mortgage Assoc. 4.500 03/20/48   31 30,423
Government National Mortgage Assoc. 4.500 07/20/48   49 48,398
Government National Mortgage Assoc. 4.500 08/20/48   19 18,560
Government National Mortgage Assoc. 4.500 12/20/48   93 91,608
Government National Mortgage Assoc. 4.500 05/20/52   1,940 1,887,426
Government National Mortgage Assoc. 4.500 10/20/52   7,496 7,287,157
Government National Mortgage Assoc. 4.500 08/20/53   5,828 5,647,536
Government National Mortgage Assoc. 4.500 10/20/54   2,953 2,852,062
Government National Mortgage Assoc. 5.000 TBA   6,000 5,947,447
Government National Mortgage Assoc. 5.000 10/20/37   4 4,162
Government National Mortgage Assoc. 5.000 09/20/40   42 43,087
Government National Mortgage Assoc. 5.000 04/20/45   22 22,155
Government National Mortgage Assoc. 5.000 08/20/45   91 91,914
Government National Mortgage Assoc. 5.000 10/20/52   102 102,022
Government National Mortgage Assoc. 5.000 11/20/52   1,910 1,905,562
Government National Mortgage Assoc. 5.000 12/20/52   153 152,392
Government National Mortgage Assoc. 5.000 03/20/53   2,984 2,976,709
Government National Mortgage Assoc. 5.500 08/20/54   3,414 3,446,272
Government National Mortgage Assoc. 6.000 12/15/39   56 58,688
Government National Mortgage Assoc. 6.000 06/20/54   3,292 3,373,803
Government National Mortgage Assoc. 6.000 10/20/54   564 577,405
Government National Mortgage Assoc. 7.000 06/20/54   2,775 2,879,804
Government National Mortgage Assoc. 7.000 07/20/54   1,702 1,767,440
Government National Mortgage Assoc. 7.000 11/20/54   1,228 1,274,465
Government National Mortgage Assoc. 7.000 02/20/55   889 922,143
Government National Mortgage Assoc. 7.000 03/20/55   1,832 1,896,350
Tennessee Valley Authority, Sr. Unsec’d. Notes 5.250 02/01/55   2,240 2,188,619
Tennessee Valley Authority Generic Strips, Bonds 4.724(s) 07/15/34   155 104,526
     
 
Total U.S. Government Agency Obligations
(cost $659,821,786)
637,680,647
U.S. Treasury Obligations 11.7%
U.S. Treasury Bonds 1.875 02/15/51   16,000 8,775,000
U.S. Treasury Bonds 2.000 08/15/51   18,965 10,661,886
U.S. Treasury Bonds 2.875 05/15/52   10,425 7,137,867
U.S. Treasury Bonds 3.375 08/15/42   38,320 31,781,650
U.S. Treasury Bonds 3.875 02/15/43   3,765 3,317,906
U.S. Treasury Bonds(h) 4.000 11/15/52   63,730 54,090,837
U.S. Treasury Bonds 4.125 08/15/44   11,100 9,977,859
U.S. Treasury Bonds 4.250 08/15/54   6,475 5,728,352
U.S. Treasury Bonds 4.375 08/15/43   9,385 8,779,374
U.S. Treasury Bonds 4.625 05/15/44   4,950 4,758,961
U.S. Treasury Bonds 4.750 11/15/43   16,085 15,748,220
U.S. Treasury Bonds 4.750 11/15/53   275 264,086
U.S. Treasury Bonds 4.750 05/15/55   17,935 17,242,821
U.S. Treasury Bonds 4.750 02/15/56   270 259,959
U.S. Treasury Bonds 5.000 05/15/45   22,080 22,169,700
32

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description Interest
Rate
Maturity
Date
Principal Amount
(000)#
Value
U.S. Treasury Obligations (Continued)
U.S. Treasury Notes 3.375 % 11/30/27   4,700  $4,663,832
U.S. Treasury Notes 3.750 11/30/32   7,610 7,421,534
U.S. Treasury Notes 3.875 03/31/31   320 317,900
U.S. Treasury Notes 3.875 04/30/31   145 144,037
U.S. Treasury Notes 3.875 09/30/32   5,625 5,532,715
U.S. Treasury Notes 3.875 12/31/32   14,205 13,946,425
U.S. Treasury Notes 4.000 01/31/33   21,920 21,671,687
U.S. Treasury Strips Coupon 1.778(s) 08/15/42   380 165,970
U.S. Treasury Strips Coupon(k) 2.069(s) 05/15/41   32,525 15,326,403
U.S. Treasury Strips Coupon 2.324(s) 05/15/42   1,195 529,665
U.S. Treasury Strips Coupon 2.395(s) 11/15/43   2 809
U.S. Treasury Strips Coupon(k) 2.436(s) 02/15/46   415 147,774
U.S. Treasury Strips Coupon 2.523(s) 11/15/42   12,235 5,261,747
U.S. Treasury Strips Coupon 3.270(s) 11/15/45   865 311,995
U.S. Treasury Strips Coupon 4.003(s) 08/15/44   4,025 1,559,066
U.S. Treasury Strips Coupon 4.097(s) 11/15/41   3,110 1,422,269
U.S. Treasury Strips Coupon 4.493(s) 02/15/41   3,555 1,700,816
U.S. Treasury Strips Coupon 4.608(s) 11/15/48   95 29,318
U.S. Treasury Strips Coupon 4.652(s) 05/15/49   1,210 364,680
U.S. Treasury Strips Coupon 4.924(s) 02/15/49   280 85,317
U.S. Treasury Strips Coupon 4.938(s) 02/15/42   120 53,996
U.S. Treasury Strips Coupon 5.038(s) 08/15/43   2,305 946,461
U.S. Treasury Strips Coupon 5.107(s) 05/15/44   35 13,740
     
 
Total U.S. Treasury Obligations
(cost $301,868,068)
282,312,634
    
      Shares  
Affiliated Exchange-Traded Funds 5.1%
Fixed Income
PGIM AAA CLO ETF 1,421,933 72,930,944
PGIM Corporate Bond 0-5 Year ETF 575,000 28,770,125
PGIM Corporate Bond 5-10 Year ETF 450,000 22,495,095
     
 
Total Affiliated Exchange-Traded Funds
(cost $124,639,255)(wa)
124,196,164
     
 
 
Total Long-Term Investments
(cost $2,490,445,507)
2,416,429,152
 
Short-Term Investments 2.0%
Affiliated Mutual Funds 2.0%          
PGIM Core Government Money Market Fund (7-day effective yield 3.780%)(wa)     24,471,637 24,471,637
PGIM Institutional Money Market Fund (7-day effective yield 3.844%)
(cost $23,989,811; includes $23,891,205 of cash collateral for securities on loan)(b)(wa)
    24,008,950 23,994,544
     
 
Total Affiliated Mutual Funds
(cost $48,461,448)
48,466,181
Options Purchased*~ 0.0%          
(cost $49,723) 98,949
     
 
 
Total Short-Term Investments
(cost $48,511,171)
48,565,130
     
 
TOTAL INVESTMENTS, BEFORE OPTIONS WRITTEN101.7%
(cost $2,538,956,678)
        2,464,994,282
33
PGIM Core Bond Fund

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Description       Value
Options Written*~ (0.0)%
(premiums received $45,973)  $(107,960)
 
TOTAL INVESTMENTS, NET OF OPTIONS WRITTEN101.7%
(cost $2,538,910,705)
2,464,886,322
Liabilities in excess of other assets(z) (1.7)% (40,431,847)
 
Net Assets 100.0% $2,424,454,475

Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
    
EUR Euro
    
144A Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, pursuant to the requirements of Rule 144A, may not be resold except to qualified institutional buyers.
A Annual payment frequency for swaps
Aces Alternative Credit Enhancements Securities
BABs Build America Bonds
BARC Barclays Bank PLC
BNP BNP Paribas S.A.
BOA Bank of America, N.A.
CDX Credit Derivative Index
CITI Citibank, N.A.
CLO Collateralized Loan Obligation
CMS Constant Maturity Swap
CMT Constant Maturity Treasury
COFI Cost of Funds Index
DAC Designated Activity Company
ETF Exchange-Traded Fund
FHLMC Federal Home Loan Mortgage Corporation
GMTN Global Medium Term Note
GSI Goldman Sachs International
IO Interest Only (Principal amount represents notional)
JPM JPMorgan Chase Bank N.A.
LP Limited Partnership
MSI Morgan Stanley & Co. International PLC
MTN Medium Term Note
N/A Not Applicable
OTC Over-the-counter
PJSC Public Joint-Stock Company
Q Quarterly payment frequency for swaps
REITs Real Estate Investment Trust
REMIC Real Estate Mortgage Investment Conduit
SOFR Secured Overnight Financing Rate
STRIPs Separate Trading of Registered Interest and Principal of Securities
T Swap payment upon termination
TBA To Be Announced
USOIS United States Overnight Index Swap
    
* Non-income producing security.
# Principal or notional amount is shown in U.S. dollars unless otherwise stated.
~ See tables subsequent to the Schedule of Investments for options detail.  
(a) All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $23,417,482; cash collateral of $23,891,205 (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 April 30, 2026.
(cc) Variable rate instrument. The rate shown is based on the latest available information as of April 30, 2026. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description.
(ff) Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end.
(h) Represents security, or a portion thereof, segregated as collateral for OTC derivatives.
(k) Represents security, or a portion thereof, segregated as collateral for centrally cleared/exchange-traded derivatives.
(kk) Represents security, or a portion thereof, segregated as collateral for TBA securities.
(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.
(wa) Represents investments in Funds affiliated with the Manager.
34

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
(x) The following represents restricted securities that are acquired in unregistered, private sales from the issuing company or from an affiliate of the issuer and is considered restricted as to disposition under federal securities law.
(x) Restricted Securities:
Issuer   Acquisition
Date
  Original
Cost
  Market
Value
  Percentage
of
Net Assets
Clue Opco LLC, Sr. Sec’d. Notes, 144A, 9.500%, 10/15/31   04/07/25-02/17/26    $1,957,381    $2,094,823   0.1 %
Invitation Homes Operating Partnership LP, Gtd. Notes, 4.875%, 02/01/35   09/23/24-09/26/24   5,952,605   5,822,486   0.2
Total       $7,909,986   $7,917,309   0.3%
(z) Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments:
Forward Commitment Contracts:                      
U.S. Government Agency Obligations   Interest
Rate
  Maturity
Date
  Settlement
Date
  Principal
Amount
(000)#
Value
Federal National Mortgage Assoc.   4.000%   TBA   05/13/26      $(11,000)    $(10,314,650)
Federal National Mortgage Assoc.   4.500%   TBA   05/13/26     (4,000)   (3,847,223)
Federal National Mortgage Assoc.   5.000%   TBA   05/13/26     (38,500)   (37,925,974)
Federal National Mortgage Assoc.   5.000%   TBA   06/11/26     (22,000)   (21,651,360)
Federal National Mortgage Assoc.   5.500%   TBA   05/13/26     (3,000)   (3,014,923)
TOTAL FORWARD COMMITMENT CONTRACTS
(proceeds receivable $77,238,927)
                    $(76,754,130)
Options Purchased:
OTC Traded
Description   Call/
Put
  Counterparty   Expiration
Date
  Strike Contracts   Notional
Amount
(000)#
  Value
2-Year 30 CMS Curve CAP   Call   BOA   05/13/26     1.30%         1,727  $—
2-Year 30 CMS Curve CAP   Call   CITI   05/13/26     1.30%         3,455
Total OTC Traded (cost $3,843)                       $—  
    
OTC Swaptions    
Description   Call/
Put
  Counterparty   Expiration
Date
  Strike   Receive   Pay   Notional
Amount
(000)#
  Value
5-Year Interest Rate Swap, 08/13/31   Call   CITI   08/11/26   3.29%   3.29%(A)   1 Day SOFR(A)/ 3.660%     879    $1,735
1-Year Interest Rate Swap, 09/23/27   Put   CITI   09/21/26   2.80%   3 Month EURIBOR(Q)/ 2.199%   2.80%(A)   EUR 3,430   10,856
1-Year Interest Rate Swap, 09/23/27   Put   CITI   09/21/26   10.29%   3 Month EURIBOR(Q)/ 2.199%   10.29%(A)   EUR 3,430   16
1-Year Interest Rate Swap, 03/23/28   Put   JPM   03/19/27   3.82%   1 Day SOFR(T)/ 3.660%   3.82%(T)     5,055   15,358
1-Year Interest Rate Swap, 03/23/28   Put   JPM   03/19/27   11.07%   1 Day SOFR(T)/ 3.660%   11.07%(T)     5,055   17
2-Year Interest Rate Swap, 07/27/28   Put   CITI   07/23/26   3.74%   1 Day SOFR(A)/ 3.660%   3.74%(A)     2,985   8,853
2-Year Interest Rate Swap, 07/27/28   Put   CITI   07/23/26   8.00%   1 Day SOFR(A)/ 3.660%   8.00%(A)     2,985   1
2-Year Interest Rate Swap, 11/06/28   Put   BNP   11/04/26   3.21%   1 Day SOFR(A)/ 3.660%   3.21%(A)     4,850   53,958
2-Year Interest Rate Swap, 11/06/28   Put   BNP   11/04/26   8.19%   1 Day SOFR(A)/ 3.660%   8.19%(A)     4,850   24
5-Year Interest Rate Swap, 08/13/31   Put   CITI   08/11/26   3.89%   1 Day SOFR(A)/ 3.660%   3.89%(A)     879   4,568
CDX.NA.IG.46.V1, 06/20/31   Put   JPM   06/17/26   0.60%   CDX.NA.IG.46.V1(Q)   1.00%(Q)     3,420   3,563
Total OTC Swaptions (cost $45,880)       $98,949
Total Options Purchased (cost $49,723)       $98,949
35
PGIM Core Bond Fund

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Options Written:
OTC Swaptions
Description   Call/
Put
  Counterparty   Expiration
Date
  Strike   Receive   Pay   Notional
Amount
(000)#
  Value
5-Year Interest Rate Swap, 08/13/31   Call   CITI   08/11/26   3.09%   1 Day SOFR(A)/ 3.660%   3.09%(A)     879    $(882)
1-Year Interest Rate Swap, 09/23/27   Put   CITI   09/21/26   3.24%   3.24%(A)   3 Month EURIBOR(Q)/ 2.199%   EUR 6,860   (10,342)
1-Year Interest Rate Swap, 03/23/28   Put   JPM   03/19/27   4.27%   4.27%(T)   1 Day SOFR(T)/ 3.660%     10,110   (15,855)
2-Year Interest Rate Swap, 07/27/28   Put   CITI   07/23/26   3.93%   3.93%(A)   1 Day SOFR(A)/ 3.660%     5,970   (9,597)
2-Year Interest Rate Swap, 11/06/28   Put   BNP   11/04/26   3.49%   3.49%(A)   1 Day SOFR(A)/ 3.660%     4,850   (35,069)
2-Year Interest Rate Swap, 11/06/28   Put   BNP   11/04/26   3.69%   3.69%(A)   1 Day SOFR(A)/ 3.660%     4,850   (24,655)
5-Year Interest Rate Swap, 08/13/31   Put   CITI   08/11/26   3.69%   3.69%(A)   1 Day SOFR(A)/ 3.660%     879   (8,017)
CDX.NA.IG.46.V1, 06/20/31   Put   JPM   06/17/26   0.70%   1.00%(Q)   CDX.NA.IG.46.V1(Q)     6,840   (3,543)
Total Options Written (premiums received $45,973)       $(107,960)
Futures contracts outstanding at April 30, 2026:
Number
of
Contracts
  Type   Expiration
Date
  Current
Notional
Amount
  Value /
Unrealized
Appreciation
(Depreciation)
Long Positions:
396   2 Year U.S. Treasury Notes   Jun. 2026    $82,021,500    $(384,943)
1,050   5 Year U.S. Treasury Notes   Jun. 2026   113,227,737   (1,231,941)
457   10 Year U.S. Treasury Notes   Jun. 2026   50,541,344   (290,940)
594   10 Year U.S. Ultra Treasury Notes   Jun. 2026   67,038,472   (1,266,659)
82   20 Year U.S. Treasury Bonds   Jun. 2026   9,253,188   (48,032)
                (3,222,515)
Short Position:
53   30 Year U.S. Ultra Treasury Bonds   Jun. 2026   6,096,656   166,637
                $(3,055,878)
Bond forward contracts outstanding at April 30, 2026:
Purchase Bond
Forwards
  Counterparty   Settlement
Date
  Notional
Amount
(000)#
  Strike
Price
  Value at
Settlement
Date
  Current
Value
  Unrealized
Appreciation
  Unrealized
Depreciation
OTC Bond Forward Contracts:        
U.S. Treasury Bond                              
2.250%, 08/15/49   JPM   10/27/26     40,665   $62.43    $25,387,469    $25,032,683    $—    $(354,786)
3.375%, 11/15/48   BOA   09/14/26     29,165   $80.27   23,410,192   22,569,044     (841,148)
                      $48,797,661   $47,601,727   $—   $(1,195,934)
Credit default swap agreements outstanding at April 30, 2026:
Reference
Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Credit Default Swap Agreement on corporate and/or sovereign issues - Buy Protection(1):
Republic of France   12/20/30   0.250%(Q)     1,990    $(11,320)    $(5,508)    $(5,812)   BARC
    
36

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
Credit default swap agreements outstanding at April 30, 2026 (continued):
Reference
Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Implied
Credit
Spread at
April 30,
2026(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):
Alphabet, Inc.   06/20/30   1.000%(Q)     2,815   0.415%    $66,514    $64,116    $2,398   GSI
Citigroup, Inc.   12/20/26   1.000%(Q)     4,835   0.259%   28,509   21,121   7,388   GSI
Comision Federal de Electricidad   06/20/28   1.000%(Q)     645   1.520%   (6,087)   (2,014)   (4,073)   BARC
Hellenic Republic   12/20/26   1.000%(Q)     2,309   0.058%   16,593   13,293   3,300   BARC
Hellenic Republic   06/20/27   1.000%(Q)     545   0.080%   6,279   4,326   1,953   BARC
Hellenic Republic   12/20/27   1.000%(Q)     410   0.118%   6,280   4,250   2,030   BARC
HSBC Bank PLC   12/20/26   1.000%(Q)     1,910   0.172%   12,324   10,164   2,160   MSI
Kingdom of Norway   12/20/26   —%(Q)     5,500   0.030%   (1,059)   (1,736)   677   BARC
Kingdom of Saudi Arabia   06/20/26   1.000%(Q)     120   0.235%   269   121   148   CITI
Kingdom of Spain   06/20/26   1.000%(Q)   EUR 1,607   0.023%   4,797   2,394   2,403   BARC
National Bank of Canada   12/20/26   1.000%(Q)     753   0.265%   4,409   3,502   907   CITI
Republic of Chile   06/20/28   1.000%(Q)     515   0.219%   8,936   6,809   2,127   BARC
Republic of France   12/20/26   0.250%(Q)     3,674   *   5,617   3,522   2,095   BARC
Republic of France   06/20/27   0.250%(Q)     1,075   0.079%   2,383   1,488   895   BARC
Republic of France   12/20/30   0.250%(Q)     1,990   0.261%   (339)   (11,343)   11,004   BARC
Republic of Italy   06/20/26   —%(Q)     2,915   0.051%   (211)   (454)   243   BARC
Republic of Italy   06/20/26   1.000%(Q)     1,533   0.051%   3,829   2,084   1,745   BARC
Republic of Italy   09/20/26   1.000%(Q)     704   0.053%   3,435   2,614   821   BARC
Republic of Panama   06/20/26   1.000%(Q)     779   0.364%   1,603   532   1,071   CITI
Republic of Panama   06/20/27   1.000%(Q)     838   0.438%   6,267   5,353   914   BARC
Republic of Peru   06/20/28   1.000%(Q)     519   0.355%   7,534   5,673   1,861   BARC
Skandinaviska Enskilda Banken AB   12/20/26   1.000%(Q)     1,690   0.087%   11,832   9,421   2,411   MSI
Slovak Republic   12/20/27   1.000%(Q)     800   0.182%   11,427   10,539   888   BARC
Standard Chartered PLC   12/20/26   1.000%(Q)     1,062   0.161%   6,929   5,518   1,411   MSI
State of Qatar   12/20/26   1.000%(Q)     1,140   0.152%   7,504   6,287   1,217   BARC
U.S. Treasury Notes   06/20/26   0.250%(Q)   EUR 3,110   0.135%   1,657   674   983   BARC
UnitedHealth Group, Inc.   06/20/26   1.000%(Q)     1,140   0.142%   2,702   1,164   1,538   GSI
Verizon Communications, Inc.   06/20/27   1.000%(Q)     1,173   0.272%   10,958   9,475   1,483   GSI
                      $230,891   $178,893   $51,998    
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
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PGIM Core Bond Fund

PGIM Core Bond Fund
Schedule of Investments (unaudited) (continued)
as of April 30, 2026
  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 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.
Interest rate swap agreements outstanding at April 30, 2026:
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
April 30,
2026
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements:
  26,965   05/17/26   4.669%(A)   1 Day SOFR(1)(A)/ 3.660%    $   $(117,345)    $(117,345)
  2,245   09/25/26   4.699%(A)   1 Day SOFR(1)(A)/ 3.660%   415   (17,750)   (18,165)
  48,850   05/13/27   4.497%(A)   1 Day SOFR(2)(A)/ 3.660%   6,279   489,316   483,037
  2,800   05/11/54   1.350%(A)   1 Day SOFR(1)(A)/ 3.660%   1,278,108   1,403,270   125,162
                    $1,284,802   $1,757,491   $472,689
    
(1) The Fund pays the fixed rate and receives the floating rate.
(2) The Fund pays the floating rate and receives the fixed rate.
    
Total return swap agreements outstanding at April 30, 2026:
Reference Entity   Financing
Rate
  Counterparty   Termination
Date
  Long (Short)
Notional
Amount
(000)#(1)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)(2)
OTC Total Return Swap Agreement:
U.S. Treasury Bond(T)   1 Day USOIS +26bps(T)/ 3.900%   JPM   05/04/26   19,925   $(853,266)   $—   $(853,266)
(1) On a long total return swap, the Fund receives payments for any positive return on the reference entity (makes payments for any negative return) and pays the financing rate. On a short total return swap, the Fund makes payments for any positive return on the reference entity (receives payments for any negative return) and receives the financing rate.
(2) Upfront/recurring fees or commissions, as applicable, are included in the net unrealized appreciation (depreciation).
Other information regarding the 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).
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