PGIM Balanced Fund

Schedule of Investments as of June 30, 2026 (unaudited)

Description				Shares	Value
Long-Term Investments 97.8%
Affiliated Exchange-Traded Funds 1.0%
Fixed Income
PGIM Active High Yield Bond ETF				50,000	$1,744,000
PGIM Corporate Bond 0-5 Year ETF				100,000	4,992,600
PGIM Corporate Bond 5-10 Year ETF				75,000	3,744,750
Total Affiliated Exchange-Traded Funds (cost $10,660,243)(wa)					10,481,350
Common Stocks 60.1%
Aerospace & Defense 2.0%
AAR Corp.*				2,300	328,739
Aselsan Elektronik Sanayi Ve Ticaret A/S (Turkey)				14,850	109,832
Astronics Corp.*				800	65,008
Astronics Corp. (Class B Stock)*				160	12,160
Cirrus Aircraft Ltd.				8,100	35,002
Elbit Systems Ltd. (Israel)				291	221,269
General Dynamics Corp.				10,900	3,861,216
Howmet Aerospace, Inc.				14,600	3,925,356
L3Harris Technologies, Inc.				6,800	1,976,012
Leonardo SpA (Italy)				1,924	103,300
Moog, Inc. (Class A Stock)				1,150	487,416
Northrop Grumman Corp.				7,000	3,565,170
Rolls-Royce Holdings PLC (United Kingdom)				66,619	1,277,062
RTX Corp.				20,800	3,946,384
Saab AB (Sweden) (Class B Stock)				8,369	436,313
Safran SA (France)				1,067	420,485
Satellogic, Inc. (Class A Stock)*				7,400	42,328
Singapore Technologies Engineering Ltd. (Singapore)				77,200	621,796
Woodward, Inc.				400	170,176
					21,605,024
Air Freight & Logistics 0.2%
Deutsche Post AG (Germany)				4,814	292,674
FedEx Corp.				3,900	1,221,207
United Parcel Service, Inc. (Class B Stock)				3,300	354,750
					1,868,631
Automobile Components 0.3%
Adient PLC*				7,500	137,850
Aptiv PLC*				29,400	1,804,572
Dana, Inc.				9,600	261,216
LCI Industries				1,800	190,584
Phinia, Inc.				1,600	131,792
Sansera Engineering Ltd. (India), 144A				9,829	332,542
SPR Auto Technologies Ltd. (India)				3,925	174,091
Sumitomo Electric Industries Ltd. (Japan)				28,000	519,599
Tenneco Clean Air India Ltd.*				7,700	48,320
Toyoda Gosei Co. Ltd. (Japan)				2,600	82,451
					3,683,017
Automobiles 0.8%
Eicher Motors Ltd. (India)				7,181	537,739
Geely Automobile Holdings Ltd. (China)				57,000	123,056
General Motors Co.				26,100	2,011,788
Hero MotoCorp Ltd. (India)				1,290	65,476
Isuzu Motors Ltd. (Japan)				21,000	279,640
Kia Corp. (South Korea)				2,538	229,226
Maruti Suzuki India Ltd. (India)				784	117,212

1

PGIM Balanced Fund

PGIM Balanced Fund

Schedule of Investments as of June 30, 2026 (unaudited) (continued)

Description				Shares	Value
Common Stocks (Continued)
Automobiles (cont’d.)
Mercedes-Benz Group AG (Germany)				14,235	$716,002
Tesla, Inc.*				9,950	4,184,970
					8,265,109
Banks 3.8%
AIB Group PLC (Ireland)				16,700	196,267
Banc of California, Inc.				14,400	294,192
Banco Bilbao Vizcaya Argentaria SA (Spain)				14,144	356,101
Banco Santander SA (Spain)				58,135	806,905
Bancorp, Inc. (The)*				1,000	62,640
Bank Hapoalim BM (Israel)				11,342	261,609
Bank of America Corp.				15,900	905,982
Bank of China Ltd. (China) (Class H Stock)				210,000	133,922
Bank of Marin Bancorp				1,100	30,470
Bank of Ningbo Co. Ltd. (China) (Class A Stock)				9,000	39,362
Bank of NT Butterfield & Son Ltd. (The) (Bermuda)				3,300	196,350
Bank of Shanghai Co. Ltd. (China) (Class A Stock)				76,800	98,166
BankUnited, Inc.				1,300	62,985
Barclays PLC (United Kingdom)				57,022	382,104
BNP Paribas SA (France)				10,098	1,179,377
BOC Hong Kong Holdings Ltd. (China)				39,000	211,635
CaixaBank SA (Spain)				55,356	784,293
California BanCorp				5,700	118,788
Canadian Imperial Bank of Commerce (Canada)				6,700	771,545
China CITIC Bank Corp. Ltd. (China) (Class H Stock)				80,000	67,912
China Construction Bank Corp. (China) (Class H Stock)				872,000	899,426
Citigroup, Inc.				46,400	6,494,144
CNB Financial Corp.				1,100	37,081
Community West Bancshares				2,100	56,406
Credit Agricole SA (France)				35,470	713,411
Customers Bancorp, Inc.*				300	23,730
Danske Bank A/S (Denmark)				12,691	680,270
First Merchants Corp.				500	21,845
First Mid Bancshares, Inc.				800	38,472
Five Star Bancorp				3,200	155,808
Fulton Financial Corp.				12,200	295,118
Grupo Financiero Banorte SAB de CV (Mexico) (Class O Stock)				7,000	74,133
Hana Financial Group, Inc. (South Korea)				2,944	219,899
Hancock Whitney Corp.				700	52,304
Hilltop Holdings, Inc.				6,900	267,582
HSBC Holdings PLC (United Kingdom)				88,127	1,666,419
Independent Bank Corp.				1,900	159,068
Industrial & Commercial Bank of China Ltd. (China) (Class H Stock)				936,000	768,911
ING Groep NV (Netherlands)				22,462	708,751
Intesa Sanpaolo SpA (Italy)				84,656	581,865
Israel Discount Bank Ltd. (Israel) (Class A Stock)				3,984	39,447
Japan Post Bank Co. Ltd. (Japan)				38,100	725,133
JPMorgan Chase & Co.				8,374	2,741,061
KB Financial Group, Inc. (South Korea)				3,131	323,956
Lion Finance Group PLC (Georgia)				1,020	153,382
Lloyds Banking Group PLC (United Kingdom)				399,826	585,157
Metropolitan Bank Holding Corp.				2,700	266,652
Mitsubishi UFJ Financial Group, Inc. (Japan)				18,100	360,605
Nanto Bank Ltd. (The) (Japan)				6,000	65,589
National Bank Holdings Corp. (Class A Stock)				2,100	93,303
NatWest Group PLC (United Kingdom)				123,881	1,093,120
Nicolet Bankshares, Inc.				700	115,773
Nordea Bank Abp (Finland)				32,070	608,590
Northeast Bank				300	39,759
OceanFirst Financial Corp.				6,000	117,180
Origin Bancorp, Inc.				400	20,460

2

PGIM Balanced Fund

Schedule of Investments as of June 30, 2026 (unaudited) (continued)

Description				Shares	Value
Common Stocks (Continued)
Banks (cont’d.)
Peapack-Gladstone Financial Corp.				800	$37,864
Ping An Bank Co. Ltd. (China) (Class A Stock)				385,500	570,966
Primis Financial Corp.				14,730	241,130
Provident Financial Services, Inc.				12,800	302,592
Royal Bank of Canada (Canada)				1,000	207,072
Sberbank of Russia PJSC (Russia)*^				202,510	—
ServisFirst Bancshares, Inc.				900	78,075
Shinhan Financial Group Co. Ltd. (South Korea)				12,750	799,421
Societe Generale SA (France)				1,517	134,270
Swedbank AB (Sweden) (Class A Stock)				19,929	744,465
Texas Capital Bancshares, Inc.				2,800	289,128
Toronto-Dominion Bank (The) (Canada)				12,500	1,519,831
TriCo Bancshares				700	37,695
Truist Financial Corp.				57,800	2,879,596
TS Financial Holding Co. Ltd. (Taiwan)				30,000	31,497
UniCredit SpA (Italy)				12,224	1,095,500
Valley National Bancorp				14,700	215,355
Washington Trust Bancorp, Inc.				2,500	91,200
Wells Fargo & Co.				38,700	3,198,168
WSFS Financial Corp.				2,500	191,825
					40,890,065
Beverages 0.2%
Kirin Holdings Co. Ltd. (Japan)				35,000	603,617
Monster Beverage Corp.*				11,100	1,066,932
PepsiCo, Inc.				5,200	704,080
Vita Coco Co., Inc. (The)*				500	33,070
					2,407,699
Biotechnology 1.9%
AbbVie, Inc.				23,530	5,921,089
ACADIA Pharmaceuticals, Inc.*				5,900	149,270
Alkermes PLC*				2,300	120,508
Amgen, Inc.				8,700	3,150,444
AnaptysBio, Inc.*				1,800	121,500
Apogee Therapeutics, Inc.*				1,400	185,822
Ardelyx, Inc.*				2,800	14,280
Arrowhead Pharmaceuticals, Inc.*				1,300	105,963
Aura Biosciences, Inc.*				2,100	14,910
Aurinia Pharmaceuticals, Inc. (Canada)*				7,900	134,063
Bavarian Nordic A/S (Denmark)*				4,717	131,955
BioMarin Pharmaceutical, Inc.*				2,800	160,216
Bridgebio Pharma, Inc.*				1,200	89,376
CareDx, Inc.*				1,300	37,050
Celcuity, Inc.*				1,200	125,544
CG oncology, Inc.*				1,800	127,890
Cogent Biosciences, Inc.*				4,800	185,760
CSL Ltd. (Australia)				10,864	866,782
Cullinan Therapeutics, Inc.*				5,400	98,334
Cytokinetics, Inc.*				2,800	238,532
Design Therapeutics, Inc.*				6,600	95,502
Dianthus Therapeutics, Inc.*				600	58,488
Emergent BioSolutions, Inc.*				14,100	118,158
First Tracks Biotherapeutics, Inc.*				1,100	22,132
Genus PLC (United Kingdom)				1,575	44,855
Gilead Sciences, Inc.				30,900	3,903,906
Ironwood Pharmaceuticals, Inc.*				8,400	35,364
Kodiak Sciences, Inc.*				3,400	132,464
Krystal Biotech, Inc.*				180	66,901
Kura Oncology, Inc.*				5,200	57,044

3

PGIM Balanced Fund

PGIM Balanced Fund

Schedule of Investments as of June 30, 2026 (unaudited) (continued)

Description				Shares	Value
Common Stocks (Continued)
Biotechnology (cont’d.)
Kymera Therapeutics, Inc.*				300	$34,401
Madrigal Pharmaceuticals, Inc.*				100	53,695
Mirum Pharmaceuticals, Inc.*				100	11,707
Myriad Genetics, Inc.*				14,500	82,795
Neurocrine Biosciences, Inc.*				1,900	320,216
Nurix Therapeutics, Inc.*				3,100	75,206
Olema Pharmaceuticals, Inc.*				1,500	18,765
Oruka Therapeutics, Inc.*				2,000	190,340
Praxis Precision Medicines, Inc.*				440	147,308
Protagonist Therapeutics, Inc.*				300	36,774
PTC Therapeutics, Inc.*				2,300	187,611
Puma Biotechnology, Inc.*				3,000	24,330
Regeneron Pharmaceuticals, Inc.				2,400	1,496,496
Rhythm Pharmaceuticals, Inc.*				1,600	177,648
Sarepta Therapeutics, Inc.*				6,800	122,196
Scholar Rock Holding Corp.*				1,400	77,000
Spyre Therapeutics, Inc.*				2,000	177,560
Swedish Orphan Biovitrum AB (Sweden)*				8,275	394,447
Tango Therapeutics, Inc.*				3,100	96,906
TG Therapeutics, Inc.*				800	43,952
Travere Therapeutics, Inc.*				300	17,043
Twist Bioscience Corp.*				200	20,576
Vaxcyte, Inc.*				700	40,691
Veracyte, Inc.*				2,900	170,317
					20,532,082
Broadline Retail 1.9%
Alibaba Group Holding Ltd. (China)				7,900	94,709
Amazon.com, Inc.*				78,890	18,802,643
BuySell Technologies Co. Ltd. (Japan)				15,100	308,716
Harvey Norman Holdings Ltd. (Australia)				73,074	244,027
Kohl’s Corp.				3,100	54,932
Macy’s, Inc.				52,100	1,226,955
Rusta AB (Sweden)				28,475	236,080
					20,968,062
Building Products 0.0%
Gibraltar Industries, Inc.*				800	36,080
Modine Manufacturing Co.*				120	32,042
Nichiha Corp. (Japan)				2,300	43,360
UFP Industries, Inc.				200	18,148
					129,630
Capital Markets 2.1%
Bank of New York Mellon Corp. (The)				38,850	5,618,099
BGC Group, Inc. (Class A Stock)				22,000	235,180
Blackrock, Inc.				400	384,624
BSE Ltd. (India)*				15,418	631,260
Charles Schwab Corp. (The)				38,600	3,561,622
Deutsche Bank AG (Germany)				8,538	289,156
Donnelley Financial Solutions, Inc.*				1,100	46,145
Goldman Sachs Group, Inc. (The)				700	707,959
IG Group Holdings PLC (United Kingdom)				15,012	362,012
Marex Group PLC (Bermuda)				2,900	176,755
Morgan Stanley				14,600	3,051,984
MSCI, Inc.				2,600	1,456,104
Multi Commodity Exchange of India Ltd. (India)				10,150	305,123
Northern Trust Corp.				22,800	3,963,552
Piper Sandler Cos.				1,100	79,574

4

PGIM Balanced Fund

Schedule of Investments as of June 30, 2026 (unaudited) (continued)

Description				Shares	Value
Common Stocks (Continued)
Capital Markets (cont’d.)
S&P Global, Inc.				900	$366,534
Samsung Securities Co. Ltd. (South Korea)				3,594	255,742
Singapore Exchange Ltd. (Singapore)				27,000	503,751
StoneX Group, Inc.*				1,500	177,750
UBS Group AG (Switzerland)				8,479	420,229
Virtus Investment Partners, Inc.				1,450	208,075
					22,801,230
Chemicals 0.3%
5N Plus, Inc. (Canada)*				4,400	135,824
Aspen Aerogels, Inc.*				3,500	22,190
Avient Corp.				4,800	177,408
Cabot Corp.				300	27,246
DIC Corp. (Japan)				11,300	336,963
Ecovyst, Inc.*				7,800	97,110
Fuso Chemical Co. Ltd. (Japan)				4,700	132,168
HB Fuller Co.				3,600	209,844
Ingevity Corp.*				2,100	156,807
Koppers Holdings, Inc.				600	26,940
Linde PLC				1,300	674,622
Mativ Holdings, Inc.				15,000	113,550
Ningxia Baofeng Energy Group Co. Ltd. (China) (Class A Stock)				106,500	318,593
Nutrien Ltd. (Canada)				9,900	623,702
Perimeter Solutions, Inc.*				4,100	146,165
SABIC Agri-Nutrients Co. (Saudi Arabia)				6,389	210,472
Sensient Technologies Corp.				2,400	295,896
Valhi, Inc.				1,750	25,672
					3,731,172
Commercial Services & Supplies 0.1%
ABM Industries, Inc.				800	35,392
ACCO Brands Corp.				20,900	86,944
Deluxe Corp.				9,750	232,830
Liquidity Services, Inc.*				4,100	160,392
Vestis Corp.*				1,700	24,684
					540,242
Communications Equipment 0.4%
Arista Networks, Inc.*				3,300	560,604
Ciena Corp.*				1,600	784,896
Cisco Systems, Inc.				18,600	2,184,756
Extreme Networks, Inc.*				7,600	246,012
Nokia OYJ (Finland)				14,029	187,094
Telefonaktiebolaget LM Ericsson (Sweden) (Class B Stock)				17,450	195,696
Viasat, Inc.*				300	26,943
Viavi Solutions, Inc.*				2,800	133,700
Zhongji Innolight Co. Ltd. (China) (Class A Stock)				300	57,079
					4,376,780
Construction & Engineering 0.4%
AECOM				14,700	1,026,060
Arcosa, Inc.				1,600	232,464
Argan, Inc.				40	31,942
Comfort Systems USA, Inc.				700	1,387,365
Fluor Corp.*				1,600	83,824
HOCHTIEF AG (Germany)				1,398	810,348
MYR Group, Inc.*				520	260,208
NWPX Infrastructure, Inc.*				1,400	209,916

5

PGIM Balanced Fund

PGIM Balanced Fund

Schedule of Investments as of June 30, 2026 (unaudited) (continued)

Description				Shares	Value
Common Stocks (Continued)
Construction & Engineering (cont’d.)
Sterling Infrastructure, Inc.*				190	$159,478
Toenec Corp. (Japan)				10,000	139,470
Tokyu Construction Co. Ltd. (Japan)				7,800	56,708
Tutor Perini Corp.				2,700	224,019
Vinci SA (France)				375	54,768
					4,676,570
Construction Materials 0.1%
Cemex SAB de CV (Mexico), UTS				114,000	136,898
China Jushi Co. Ltd. (China) (Class A Stock)				82,000	886,805
Malayan Cement Bhd (Malaysia)				65,800	103,294
					1,126,997
Consumer Finance 0.1%
Bread Financial Holdings, Inc.				3,000	325,050
Enova International, Inc.*				1,770	426,092
PRA Group, Inc.*				1,600	30,384
PROG Holdings, Inc.				5,600	261,016
					1,042,542
Consumer Staples Distribution & Retail 0.8%
Albertson’s Cos., Inc. (Class A Stock)				83,800	1,133,814
Chefs’ Warehouse, Inc. (The)*				1,600	153,760
Costco Wholesale Corp.				3,000	2,806,410
Dollar General Corp.				1,500	172,665
Koninklijke Ahold Delhaize NV (Netherlands)				19,685	792,626
PriceSmart, Inc.				1,100	214,874
Sonae SGPS SA (Portugal)				69,972	161,132
Sysco Corp.				23,400	1,955,772
Target Corp.				13,400	1,750,174
					9,141,227
Distributors 0.0%
Gold.com, Inc.				1,600	66,576
Diversified Consumer Services 0.5%
AcadeMedia AB (Sweden), 144A				36,515	379,585
ADT, Inc.				666,800	4,334,200
Covista, Inc.*				1,600	199,456
Lincoln Educational Services Corp.*				2,700	134,730
Perdoceo Education Corp.				7,400	236,800
Strategic Education, Inc.				1,100	84,282
					5,369,053
Diversified REITs 0.0%
CTO Realty Growth, Inc.				3,800	81,738
Diversified Telecommunication Services 1.1%
AT&T, Inc.				120,800	2,500,560
Cogeco Communications, Inc. (Canada)				8,100	361,866
Comcast Corp. (Class A Stock)				72,200	1,772,510
Deutsche Telekom AG (Germany)				24,836	677,136
Liberty Capital Corp. (Class C Stock)*				5,400	116,424
Liberty Latin America Ltd. (Puerto Rico) (Class C Stock)*				3,600	28,044
NOS SGPS SA (Portugal)				63,818	367,874
Ooredoo QPSC (Qatar)				134,810	490,588

6

PGIM Balanced Fund

Schedule of Investments as of June 30, 2026 (unaudited) (continued)

Description				Shares	Value
Common Stocks (Continued)
Diversified Telecommunication Services (cont’d.)
Proximus SADP (Belgium)				8,675	$58,025
Verizon Communications, Inc.				135,190	5,723,945
					12,096,972
Electric Utilities 0.5%
American Electric Power Co., Inc.				14,400	1,970,064
Axia Energia SA (Brazil)				5,400	56,873
Duke Energy Corp.				4,200	531,636
Enel SpA (Italy)				81,021	929,342
Hawaiian Electric Industries, Inc.*				4,900	66,297
Inter RAO UES PJSC (Russia)*^				4,433,000	6
Korea Electric Power Corp. (South Korea)				2,400	57,829
NextEra Energy, Inc.				4,900	430,073
PG&E Corp.				52,600	884,732
Portland General Electric Co.				2,400	124,392
					5,051,244
Electrical Equipment 1.2%
ABB Ltd. (Switzerland)				13,066	1,421,311
Accelleron Industries AG (Switzerland)				3,354	344,444
Allient, Inc.				200	20,586
Atkore, Inc.				700	53,228
Bloom Energy Corp. (Class A Stock)*				140	42,378
Contemporary Amperex Technology Co. Ltd. (China) (Class H Stock)				1,000	90,079
Fujikura Ltd. (Japan)				9,000	356,777
Furukawa Electric Co. Ltd. (Japan)				20,000	601,544
GE Vernova T&D India Ltd. (India)				6,058	317,773
GE Vernova, Inc.				3,500	4,112,010
Generac Holdings, Inc.*				2,400	702,744
Legrand SA (France)				975	165,208
Mabuchi Motor Co. Ltd. (Japan)				22,800	221,764
nVent Electric PLC				16,900	2,866,409
Pfisterer Holding SE (Germany)				1,926	208,281
Plejd AB (Sweden)*				320	35,444
Plug Power, Inc.*				5,200	14,092
Powell Industries, Inc.				180	51,545
Prysmian SpA (Italy)				2,184	367,661
Sanyo Denki Co. Ltd. (Japan)				2,900	117,970
Schneider Electric SE				2,527	826,899
TD Power Systems Ltd. (India)				4,525	59,506
Ushio, Inc. (Japan)				4,500	125,769
Vicor Corp.*				920	349,398
					13,472,820
Electronic Equipment, Instruments & Components 1.4%
Aditya Infotech Ltd. (India)*				2,854	110,173
Advanced Energy Industries, Inc.				780	290,839
Amphenol Corp. (Class A Stock)				5,900	1,040,288
Avnet, Inc.				44,400	3,943,608
Bel Fuse, Inc. (Class B Stock)				130	43,295
Belden, Inc.				1,550	185,860
Benchmark Electronics, Inc.				2,300	226,941
Celestica, Inc. (Canada)*				2,100	765,876
Chroma ATE, Inc. (Taiwan)				9,000	625,441
Codan Ltd. (Australia)				4,965	152,460
Corning, Inc.				1,700	434,231
Delta Electronics Thailand PCL (Thailand)				13,200	131,614
Delta Electronics, Inc. (Taiwan)				14,000	879,253
Elite Material Co. Ltd. (Taiwan)				1,000	172,881

7

PGIM Balanced Fund

PGIM Balanced Fund

Schedule of Investments as of June 30, 2026 (unaudited) (continued)

Description				Shares	Value
Common Stocks (Continued)
Electronic Equipment, Instruments & Components (cont’d.)
ePlus, Inc.				1,900	$158,137
Flex Ltd.*				10,800	1,750,356
Ibiden Co. Ltd. (Japan)				300	45,294
Insight Enterprises, Inc.*				500	60,900
Keysight Technologies, Inc.*				7,700	2,695,539
Kingboard Laminates Holdings Ltd. (Hong Kong)				24,500	313,699
Knowles Corp.*				3,300	136,884
Murata Manufacturing Co. Ltd. (Japan)				4,100	294,318
Napco Security Technologies, Inc.				2,400	91,152
Plexus Corp.*				400	120,268
Rogers Corp.*				600	98,238
Samsung Electro-Mechanics Co. Ltd. (South Korea)				119	172,341
Suzhou Dongshan Precision Manufacturing Co. Ltd. (China) (Class A Stock)*				9,900	387,210
TTM Technologies, Inc.*				100	18,702
Vishay Intertechnology, Inc.				900	48,402
Yageo Corp. (Taiwan)				4,000	145,916
					15,540,116
Energy Equipment & Services 0.1%
Aker Solutions ASA (Norway)				5,456	24,492
Forum Energy Technologies, Inc.*				400	20,092
Helix Energy Solutions Group, Inc.*				27,200	237,728
Nabors Industries Ltd.*				1,800	151,218
National Energy Services Reunited Corp.*				8,800	263,384
Natural Gas Services Group, Inc.				1,000	43,140
Patterson-UTI Energy, Inc.				6,000	55,080
ProPetro Holding Corp.*				8,400	120,456
Solaris Energy Infrastructure, Inc.				300	24,138
Tenaris SA				3,425	94,812
Tidewater, Inc.*				800	53,304
					1,087,844
Entertainment 0.4%
International Games System Co. Ltd. (Taiwan)				2,000	49,814
NetEase, Inc. (China)				28,600	734,499
Walt Disney Co. (The)				39,100	3,763,375
					4,547,688
Financial Services 1.8%
Banca Mediolanum SpA (Italy)				4,559	113,616
Berkshire Hathaway, Inc. (Class B Stock)*				4,449	2,226,235
Enact Holdings, Inc.				4,800	219,408
EVERTEC, Inc. (Puerto Rico)				1,800	50,004
Fidelity National Information Services, Inc.				78,800	3,063,744
Financial Partners Group Co. Ltd. (Japan)				6,600	62,935
Fiserv, Inc.*				34,200	1,677,510
Helia Group Ltd. (Australia)				87,632	336,021
Jackson Financial, Inc. (Class A Stock)				200	20,478
Mastercard, Inc. (Class A Stock)				13,775	7,074,840
OSB Group PLC (United Kingdom)				18,150	124,929
Paysign, Inc.*				3,100	25,389
Radian Group, Inc.				8,100	305,127
Remitly Global, Inc.*				5,100	114,291
StoneCo Ltd. (Brazil) (Class A Stock)				7,100	76,964
Visa, Inc. (Class A Stock)				10,900	3,739,681
					19,231,172

8

PGIM Balanced Fund

Schedule of Investments as of June 30, 2026 (unaudited) (continued)

Description				Shares	Value
Common Stocks (Continued)
Food Products 0.7%
Canada Packers, Inc. (Canada)				2,920	$39,428
Conagra Brands, Inc.				190,000	2,557,400
Del Monte Corp.				600	16,746
First Pacific Co. Ltd. (Indonesia)				206,000	126,372
First Resources Ltd. (Indonesia)				27,500	66,106
General Mills, Inc.				21,600	751,680
Indofood Sukses Makmur Tbk PT (Indonesia)				106,800	39,954
Inghams Group Ltd. (Australia)				17,850	25,444
Ingredion, Inc.				7,700	729,267
J.M. Smucker Co. (The)				6,400	720,000
Maple Leaf Foods, Inc. (Canada)				6,300	135,528
Nestle India Ltd. (India)				42,575	632,125
Nestle SA (Switzerland)				4,598	471,595
Post Holdings, Inc.*				5,600	494,256
Simply Good Foods Co. (The)*				2,800	37,184
Smithfield Foods, Inc.				18,800	456,088
WH Group Ltd. (Hong Kong), 144A				538,000	570,450
					7,869,623
Gas Utilities 0.2%
Brookfield Infrastructure Corp. (Canada) (Class A Stock)				3,900	150,150
Naturgy Energy Group SA (Spain)				10,584	331,747
New Jersey Resources Corp.				1,200	67,248
Northwest Natural Holding Co.				3,500	171,710
Rubis SCA (France)				8,452	296,624
Shizuoka Gas Co. Ltd. (Japan)				4,300	33,215
Snam SpA (Italy)				12,256	88,478
Southwest Gas Holdings, Inc.				3,000	266,040
Tokyo Gas Co. Ltd. (Japan)				5,400	204,475
					1,609,687
Ground Transportation 0.1%
ArcBest Corp.				1,000	143,540
CSX Corp.				4,400	209,132
Heartland Express, Inc.				900	13,698
Landstar System, Inc.				1,600	330,896
Uber Technologies, Inc.*				4,100	295,856
Union Pacific Corp.				900	244,800
Werner Enterprises, Inc.				400	17,444
					1,255,366
Health Care Equipment & Supplies 0.2%
Anteris Technologies Global Corp.*				5,600	55,160
Bioventus, Inc. (Class A Stock)*				10,200	96,288
Butterfly Network, Inc.*				4,600	38,732
Embecta Corp.				7,300	23,798
Envista Holdings Corp.*				14,000	368,900
Glaukos Corp.*				1,700	237,592
ICU Medical, Inc.*				100	14,660
Inogen, Inc.*				8,400	54,180
Integra LifeSciences Holdings Corp.*				1,400	25,144
iRadimed Corp.				300	28,668
Japan Lifeline Co. Ltd. (Japan)				4,200	33,551
Medtronic PLC				12,700	993,521
PHC Holdings Corp. (Japan)				29,700	188,379
QuidelOrtho Corp.*				2,200	38,533
Tactile Systems Technology, Inc.*				3,900	116,142
					2,313,248

9

PGIM Balanced Fund

PGIM Balanced Fund

Schedule of Investments as of June 30, 2026 (unaudited) (continued)

Description				Shares	Value
Common Stocks (Continued)
Health Care Providers & Services 1.2%
Acadia Healthcare Co., Inc.*				1,700	$50,201
AdaptHealth Corp.*				1,400	14,588
agilon health, Inc.*				600	64,308
Alignment Healthcare, Inc.*				2,700	64,287
Ambea AB (Sweden), 144A				7,629	117,735
AMN Healthcare Services, Inc.*				2,300	74,451
BrightSpring Health Services, Inc.*				3,400	237,116
Cardinal Health, Inc.				600	142,536
Centene Corp.*				2,900	186,151
Cigna Group (The)				10,900	3,004,912
Concentra Group Holdings Parent, Inc.				5,400	160,650
CVS Health Corp.				17,600	1,820,720
Ensign Group, Inc. (The)				1,470	235,641
Extendicare, Inc. (Canada)				19,800	489,607
Fresenius SE & Co. KGaA (Germany)				6,443	294,358
Genertec Universal Medical Group Co. Ltd. (China), 144A				261,000	147,954
Guardant Health, Inc.*				100	15,003
Innovage Holding Corp.*				1,600	18,960
LifeStance Health Group, Inc.*				17,100	183,141
McKesson Corp.				1,600	1,208,960
National HealthCare Corp.				1,000	211,360
Option Care Health, Inc.*				12,400	260,028
PACS Group, Inc.*				1,600	68,224
Sinopharm Group Co. Ltd. (China) (Class H Stock)				16,000	32,554
UnitedHealth Group, Inc.				9,400	3,906,922
					13,010,367
Health Care REITs 0.0%
Diversified Healthcare Trust				18,150	168,795
Health Care Technology 0.0%
HeartFlow, Inc.*				1,000	29,340
Hotel & Resort REITs 0.1%
Apple Hospitality REIT, Inc.				12,700	213,487
DiamondRock Hospitality Co.				20,800	253,344
Ryman Hospitality Properties, Inc.				2,700	347,085
Xenia Hotels & Resorts, Inc.				8,000	162,880
					976,796
Hotels, Restaurants & Leisure 0.2%
Allwyn AG (Greece)				13,072	208,251
Bloomin’ Brands, Inc.				69,400	634,316
Brightstar Lottery PLC				2,200	23,584
Chipotle Mexican Grill, Inc.*				8,500	289,000
Churchill Downs, Inc.				1,700	152,388
Compass Group PLC (United Kingdom)				2,475	79,966
El Pollo Loco Holdings, Inc.*				10,800	183,168
Heiwa Corp. (Japan)				5,200	64,020
Melco Resorts & Entertainment Ltd. (Hong Kong), ADR*				11,600	61,132
Navan, Inc. (Class A Stock)*				6,600	150,942
Rush Street Interactive, Inc.*				4,300	127,882
Target Hospitality Corp.*				4,100	83,476
					2,058,125
Household Durables 0.1%
Casio Computer Co. Ltd. (Japan)				5,200	61,788
Haseko Corp. (Japan)				7,100	124,707
Newell Brands, Inc.				56,700	348,138

10

PGIM Balanced Fund

Schedule of Investments as of June 30, 2026 (unaudited) (continued)

Description				Shares	Value
Common Stocks (Continued)
Household Durables (cont’d.)
Sekisui House Ltd. (Japan)				26,100	$542,610
Sonos, Inc.*				5,900	79,827
					1,157,070
Household Products 0.0%
Central Garden & Pet Co.*				700	31,038
Central Garden & Pet Co. (Class A Stock)*				3,500	135,695
Spectrum Brands Holdings, Inc.				1,100	94,325
					261,058
Independent Power & Renewable Electricity Producers 0.0%
RWE AG (Germany)				2,401	155,273
Solaria Energia y Medio Ambiente SA (Spain)*				4,941	112,332
					267,605
Industrial Conglomerates 0.1%
Astra International Tbk PT (Indonesia)				240,700	60,856
CITIC Ltd. (China)				135,000	183,209
CK Hutchison Holdings Ltd. (United Kingdom)				70,000	593,295
Siemens AG (Germany)				337	108,348
SK Square Co. Ltd. (South Korea)*				111	125,525
					1,071,233
Industrial REITs 0.3%
Industrial Logistics Properties Trust				2,300	20,401
Prologis, Inc.				20,500	2,777,135
					2,797,536
Insurance 1.4%
Allstate Corp. (The)				2,700	642,438
American International Group, Inc.				54,900	4,091,697
Ategrity Specialty Holdings LLC*				3,100	74,524
AXA SA (France)				20,091	1,006,749
BB Seguridade Participacoes SA (Brazil)				8,100	61,319
China Pacific Insurance Group Co. Ltd. (China) (Class H Stock)				6,800	23,386
Daiichi Life Group, Inc. (Japan)				9,200	100,452
Fairfax Financial Holdings Ltd. (Canada)				400	657,921
First American Financial Corp.				10,300	706,477
Genworth Financial, Inc.*				31,900	302,093
HCI Group, Inc.				900	157,725
Heritage Insurance Holdings, Inc.*				2,100	54,768
Kemper Corp.				41,800	1,126,928
Lancashire Holdings Ltd. (United Kingdom)				7,825	66,982
Mercury General Corp.				1,400	149,268
MetLife, Inc.				31,800	2,690,598
MS&AD Insurance Group Holdings, Inc. (Japan)				13,300	344,736
New China Life Insurance Co. Ltd. (China) (Class H Stock)				54,900	323,557
Octave Specialty Group, Inc.*				10,700	66,768
Oscar Health, Inc. (Class A Stock)*				6,000	171,120
Ping An Insurance Group Co. of China Ltd. (China) (Class H Stock)				66,500	434,829
Power Corp. of Canada (Canada)				2,600	162,096
QBE Insurance Group Ltd. (Australia)				36,939	642,559
SCOR SE (France)				3,415	123,862
Talanx AG (Germany)				4,723	597,387
Turkiye Sigorta A/S (Turkey)				990,672	131,274

11

PGIM Balanced Fund

PGIM Balanced Fund

Schedule of Investments as of June 30, 2026 (unaudited) (continued)

Description				Shares	Value
Common Stocks (Continued)
Insurance (cont’d.)
Unipol Assicurazioni SpA (Italy)				21,885	$611,696
United Fire Group, Inc.				700	36,708
					15,559,917
Interactive Media & Services 3.6%
Alphabet, Inc. (Class A Stock)				49,800	17,797,026
Alphabet, Inc. (Class C Stock)				41,540	14,677,328
Angi, Inc.*				11,600	69,020
Bumble, Inc. (Class A Stock)*				31,400	100,480
Diamond Sports Group LLC*(x)				5,129	1,113
Meta Platforms, Inc. (Class A Stock)				10,469	5,897,083
Tencent Holdings Ltd. (China)				17,900	987,768
					39,529,818
IT Services 0.8%
Accenture PLC (Class A Stock)				24,600	3,061,224
Applied Digital Corp.*(a)				1,700	63,410
Capgemini SE (France)				3,510	352,378
CGI, Inc. (Canada)				8,300	536,479
Cognizant Technology Solutions Corp. (Class A Stock)				60,900	2,358,657
DXC Technology Co.*				77,200	683,220
Everforth, Inc.*				7,800	139,386
Fastly, Inc. (Class A Stock)*				1,900	34,884
Fujitsu Ltd. (Japan)				4,400	87,428
Gartner, Inc.*				1,200	155,544
Globant SA*				1,100	31,834
HCL Technologies Ltd. (India)				28,461	323,274
Infosys Ltd. (India)				30,569	324,092
Tata Consultancy Services Ltd. (India)				7,353	158,041
					8,309,851
Leisure Products 0.1%
Callaway Golf Co.*				3,800	71,402
Funko, Inc. (Class A Stock)*				2,800	16,464
Johnson Outdoors, Inc. (Class A Stock)				300	13,812
MasterCraft Boat Holdings, Inc.*				1,500	38,730
Mattel, Inc.*				33,800	469,144
Noritsu Koki Co. Ltd. (Japan)				3,600	44,946
Polaris, Inc.				800	54,752
Roland Corp. (Japan)				5,300	135,218
Sankyo Co. Ltd. (Japan)				17,100	166,822
Smith & Wesson Brands, Inc.				3,100	46,624
					1,057,914
Life Sciences Tools & Services 0.5%
Adaptive Biotechnologies Corp.*				1,300	27,885
Danaher Corp.				17,800	3,390,544
Fortrea Holdings, Inc.*				1,900	33,060
Maravai LifeSciences Holdings, Inc. (Class A Stock)*				37,500	234,000
Thermo Fisher Scientific, Inc.				1,500	752,040
WuXi AppTec Co. Ltd. (China) (Class H Stock), 144A				39,000	767,736
Wuxi Biologics Cayman, Inc. (China), 144A*				22,500	100,070
					5,305,335
Machinery 1.7%
3D Systems Corp.*				21,100	63,722
Atlas Copco AB (Sweden) (Class B Stock)				5,133	90,998

12

PGIM Balanced Fund

Schedule of Investments as of June 30, 2026 (unaudited) (continued)

Description				Shares	Value
Common Stocks (Continued)
Machinery (cont’d.)
Caterpillar, Inc.				8,000	$8,519,200
CECO Environmental Corp.*				300	27,222
Cummins, Inc.				6,200	4,421,902
Douglas Dynamics, Inc.				2,600	140,270
Enpro, Inc.				1,120	422,162
Epiroc AB (Sweden) (Class B Stock)				1,729	40,129
ESCO Technologies, Inc.				1,280	448,051
Franklin Electric Co., Inc.				2,500	267,975
Fuji Corp. (Japan)				4,600	241,549
Harmonic Drive Systems, Inc. (Japan)				2,800	137,023
Helios Technologies, Inc.				1,300	116,025
Kennametal, Inc.				2,800	98,140
Konecranes OYJ (Finland)				2,561	78,728
Kubota Corp. (Japan)				3,400	56,890
MTAR Technologies Ltd. (India)*				775	62,633
Mueller Water Products, Inc. (Class A Stock)				2,500	64,575
NGK Corp. (Japan)				2,500	117,823
NTN Corp. (Japan)				117,700	290,878
Proto Labs, Inc.*				3,900	317,889
Sandvik AB (Sweden)				19,920	822,599
Takuma Co. Ltd. (Japan)				5,400	121,038
Terex Corp.				1,200	86,868
Toro Co. (The)				8,400	818,328
Tsugami Corp. (Japan)				2,600	130,844
Worthington Enterprises, Inc.				300	16,128
					18,019,589
Marine Transportation 0.1%
Evergreen Marine Corp. Taiwan Ltd. (Taiwan)				56,000	325,125
Matson, Inc.				1,300	249,899
MPC Container Ships ASA (Norway)				22,800	58,391
NS United Kaiun Kaisha Ltd. (Japan)				600	23,887
Pangaea Logistics Solutions Ltd.				4,400	28,600
SITC International Holdings Co. Ltd. (China)				133,000	533,537
Wallenius Wilhelmsen ASA (Norway)				7,718	102,376
					1,321,815
Media 0.2%
Advantage Solutions, Inc.*				500	21,620
AMC Global Media, Inc.*(a)				4,000	39,920
Entravision Communications Corp. (Class A Stock)				19,400	252,976
EW Scripps Co. (The) (Class A Stock)*				4,900	13,573
John Wiley & Sons, Inc. (Class A Stock)				1,700	82,467
Versant Media Group, Inc.				54,800	1,973,348
					2,383,904
Metals & Mining 0.8%
Agnico Eagle Mines Ltd. (Canada)				5,000	776,873
Aurubis AG (Germany)				648	134,313
Barrick Mining Corp. (Canada)				24,500	900,881
BHP Group Ltd. (Australia)				17,032	709,774
Century Aluminum Co.*				400	18,404
China Gold International Resources Corp. Ltd. (China)				10,600	167,594
China Hongqiao Group Ltd. (China)				45,000	116,044
Compass Minerals International, Inc.*				700	21,791
Constellium SE*				5,900	188,033
East Pipes Integrated Co. for Industry (Saudi Arabia)				1,599	93,628
Fortescue Ltd. (Australia)				16,252	216,319
Gold Fields Ltd. (South Africa)				4,287	143,895

13

PGIM Balanced Fund

PGIM Balanced Fund

Schedule of Investments as of June 30, 2026 (unaudited) (continued)

Description				Shares	Value
Common Stocks (Continued)
Metals & Mining (cont’d.)
JX Advanced Metals Corp. (Japan)				3,600	$99,357
Kaiser Aluminum Corp.				1,000	195,630
Kinross Gold Corp. (Canada)				29,400	696,106
Kobe Steel Ltd. (Japan)				20,000	231,988
Materion Corp.				1,200	356,868
Mitsubishi Materials Corp. (Japan)				4,600	123,519
National Aluminium Co. Ltd. (India)				78,174	281,659
Newmont Corp.				11,700	1,092,780
Nucor Corp.				1,200	267,300
OceanaGold Corp. (Australia)				10,900	273,221
Pantoro Gold Ltd. (Australia)*				17,250	28,042
Perseus Mining Ltd. (Australia)				10,486	35,430
Polyus PJSC (Russia)*^				37,040	—
Regis Resources Ltd. (Australia)				24,133	102,277
Rio Tinto Ltd. (Australia)				1,285	154,611
Rio Tinto PLC (Australia)				6,923	654,949
Shandong Hongqiao Aluminum Industry Holding Co. Ltd. (China) (Class A Stock)				19,400	42,481
SSR Mining, Inc. (Canada)*				1,100	31,108
Warrior Met Coal, Inc.				200	16,232
Wheaton Precious Metals Corp. (Brazil)				500	56,245
Zijin Mining Group Co. Ltd. (China) (Class H Stock)				54,000	190,944
					8,418,296
Mortgage Real Estate Investment Trusts (REITs) 0.0%
Chimera Investment Corp.				2,200	29,348
Redwood Trust, Inc.				28,800	136,512
TPG Mortgage Investment Trust, Inc.				11,300	89,496
					255,356
Multi-Utilities 0.1%
Avista Corp.				2,300	94,093
Engie SA (France)				29,145	917,325
					1,011,418
Oil, Gas & Consumable Fuels 2.0%
Bharat Petroleum Corp. Ltd. (India)				48,635	156,456
California Resources Corp.				4,400	232,628
Cenovus Energy, Inc. (Canada)				19,800	491,283
Chevron Corp.				16,325	2,706,032
CNX Resources Corp.*				2,600	88,218
ConocoPhillips				32,400	3,368,304
Cosmo Energy Holdings Co. Ltd. (Japan)				1,100	25,697
d’Amico International Shipping SA (Italy)				40,630	305,551
Eni SpA (Italy)				16,980	398,379
Exxon Mobil Corp.				57,325	7,837,474
Friedrich Vorwerk Group SE (Germany)				1,821	140,402
Golar LNG Ltd. (Cameroon)				1,300	64,792
Great Eastern Shipping Co. Ltd. (The) (India)				1,920	30,131
HF Sinclair Corp.				12,200	849,730
Indian Oil Corp. Ltd. (India)				83,531	123,341
Karoon Energy Ltd. (Brazil)				67,675	67,626
Kosmos Energy Ltd. (Ghana)*				6,000	12,660
LUKOIL PJSC (Russia)*^				10,297	—
Marathon Petroleum Corp.				900	230,103
Neste OYJ (Finland)				3,500	114,275
Oil & Natural Gas Corp. Ltd. (India)				252,931	627,168
ORLEN SA (Poland)				3,262	109,680
Par Pacific Holdings, Inc.*				1,900	106,552
PBF Energy, Inc. (Class A Stock)				2,400	109,248

14

PGIM Balanced Fund

Schedule of Investments as of June 30, 2026 (unaudited) (continued)

Description				Shares	Value
Common Stocks (Continued)
Oil, Gas & Consumable Fuels (cont’d.)
Peabody Energy Corp.				3,800	$87,856
Petroleo Brasileiro SA (Brazil)				12,800	103,346
Repsol SA (Spain)				11,844	295,918
Riley Exploration Permian, Inc.				4,100	135,136
Rosneft Oil Co. PJSC (Russia)*^				31,520	—
SFL Corp. Ltd. (Norway)				10,200	104,040
Shell PLC				8,883	345,149
Suncor Energy, Inc. (Canada)				9,600	516,468
Talos Energy, Inc.*				2,700	34,857
TORM PLC (Switzerland) (Class A Stock)				2,325	60,009
TotalEnergies SE (France)				12,983	1,003,917
Woodside Energy Group Ltd. (Australia)				18,539	358,526
World Kinect Corp.				6,449	212,430
					21,453,382
Paper & Forest Products 0.0%
Sylvamo Corp.				2,700	102,060
Passenger Airlines 0.0%
SkyWest, Inc.*				1,260	125,156
Personal Care Products 0.0%
APR Corp. (South Korea)				319	80,040
Herbalife Ltd.*				1,100	14,465
L’Oreal SA (France)				440	192,877
Nature’s Sunshine Products, Inc.*				1,100	23,980
Nu Skin Enterprises, Inc. (Class A Stock)				22,100	116,688
					428,050
Pharmaceuticals 2.4%
Acutaas Chemicals Ltd. (India)				9,275	346,294
Alumis, Inc.*				4,000	112,560
Astellas Pharma, Inc. (Japan)				54,500	729,028
AstraZeneca PLC (United Kingdom)				1,512	282,297
Axsome Therapeutics, Inc.*				400	97,908
Collegium Pharmaceutical, Inc.*				2,500	90,500
Edgewise Therapeutics, Inc.*				6,000	243,780
Eli Lilly & Co.				7,250	8,695,868
Galderma Group AG (Switzerland)*				3,342	760,130
H. Lundbeck A/S (Denmark)				20,125	130,882
Indivior Pharmaceuticals, Inc.*				2,200	90,266
Ipsen SA (France)				2,452	472,547
Johnson & Johnson				26,919	6,836,618
Ligand Pharmaceuticals, Inc.*				910	287,642
Liquidia Corp.*				1,400	111,622
Lupin Ltd. (India)				3,559	90,965
MBX Biosciences, Inc.*				2,300	126,960
Merck & Co., Inc.				12,000	1,542,000
Novartis AG				3,638	568,592
Pfizer, Inc.				98,400	2,369,472
Prestige Consumer Healthcare, Inc.*				4,300	203,261
Rapport Therapeutics, Inc.*				2,400	100,008
Roche Holding AG				3,433	1,411,260
Sandoz Group AG (Switzerland)				1,618	146,193
Sanofi SA				4,808	411,101
Sun Pharmaceutical Industries Ltd. (India)				5,964	117,415
Theravance Biopharma, Inc.*				800	13,600
Zydus Lifesciences Ltd. (India)				5,900	69,384
					26,458,153

15

PGIM Balanced Fund

PGIM Balanced Fund

Schedule of Investments as of June 30, 2026 (unaudited) (continued)

Description				Shares	Value
Common Stocks (Continued)
Professional Services 0.5%
CBIZ, Inc.*				4,500	$144,360
Clarivate PLC*				562,500	1,215,000
Concentrix Corp.				35,700	799,858
Conduent, Inc.*				72,841	106,348
Genpact Ltd.				27,300	750,750
Huron Consulting Group, Inc.*				500	45,080
Innodata, Inc.*				700	52,906
KBR, Inc.				7,200	248,616
Kforce, Inc.				1,800	84,456
Korn Ferry				1,000	66,580
ManpowerGroup, Inc.				4,300	145,211
Maximus, Inc.				4,700	252,672
Recruit Holdings Co. Ltd. (Japan)				11,500	800,158
TriNet Group, Inc.				1,800	89,082
TrueBlue, Inc.*				11,050	77,019
Verra Mobility Corp.*				14,600	62,050
					4,940,146
Real Estate Management & Development 0.3%
CBRE Group, Inc. (Class A Stock)*				11,200	1,508,528
Compass, Inc. (Class A Stock)*				1,300	16,029
Cushman & Wakefield Ltd.*				14,000	187,460
Emaar Properties PJSC (United Arab Emirates)				222,191	722,163
Newmark Group, Inc. (Class A Stock)				9,600	145,056
St. Joe Co. (The)				3,600	225,468
Vonovia SE (Germany)				3,634	89,649
					2,894,353
Retail REITs 0.0%
CBL & Associates Properties, Inc.				4,400	233,596
Macerich Co. (The)				5,000	125,950
SITE Centers Corp.				2,900	11,513
Tanger, Inc.				400	15,788
					386,847
Semiconductors & Semiconductor Equipment 10.9%
Advanced Micro Devices, Inc.*				8,100	4,705,371
Advantest Corp. (Japan)				900	185,156
AEM Holdings Ltd. (Singapore)				38,700	320,427
AIXTRON SE (Germany)				1,189	71,844
Analog Devices, Inc.				7,200	2,859,624
Applied Materials, Inc.				12,900	9,326,700
ASML Holding NV (Netherlands)				1,534	3,037,590
BE Semiconductor Industries NV (Netherlands)				592	195,509
Broadcom, Inc.				31,250	11,804,687
Credo Technology Group Holding Ltd.*				340	92,463
Diodes, Inc.*				1,100	120,384
FormFactor, Inc.*				1,000	159,930
GigaDevice Semiconductor, Inc. (China) (Class A Stock)				2,500	304,102
Ichor Holdings Ltd.*				3,200	359,296
Infineon Technologies AG (Germany)				10,392	978,947
Intel Corp.*				38,200	5,333,866
Kioxia Holdings Corp. (Japan)*				2,200	1,278,706
KLA Corp.				12,000	3,620,520
Kulicke & Soffa Industries, Inc. (Singapore)				2,800	374,528
Lam Research Corp.				20,800	9,013,264
MaxLinear, Inc.*				3,300	422,499
Microchip Technology, Inc.				11,100	1,012,320
Micron Technology, Inc.				8,000	9,234,320

16

PGIM Balanced Fund

Schedule of Investments as of June 30, 2026 (unaudited) (continued)

Description				Shares	Value
Common Stocks (Continued)
Semiconductors & Semiconductor Equipment (cont’d.)
Navitas Semiconductor Corp.*				3,200	$57,344
NVIDIA Corp.				185,600	37,136,704
Photronics, Inc.*				2,000	65,060
Power Integrations, Inc.				600	50,256
Renesas Electronics Corp. (Japan)				4,600	141,997
Semtech Corp.*				1,000	161,850
SiTime Corp.*				120	89,467
SK hynix, Inc. (South Korea)				2,374	4,189,119
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan)				90,000	7,100,125
Teradyne, Inc.				6,000	2,903,040
Texas Instruments, Inc.				1,800	536,526
Tokyo Electron Ltd. (Japan)				400	193,942
Ultra Clean Holdings, Inc.*				3,100	442,029
United Microelectronics Corp. (Taiwan)				44,000	236,007
Yamaichi Electronics Co. Ltd. (Japan)				600	36,010
					118,151,529
Software 3.0%
A10 Networks, Inc.				10,200	381,072
ACI Worldwide, Inc.*				6,800	341,972
Adobe, Inc.*				5,900	1,209,618
Agilysys, Inc.*				1,600	167,200
Autodesk, Inc.*				6,400	1,244,288
Blackbaud, Inc.*				500	14,810
Clear Secure, Inc. (Class A Stock)				2,700	150,471
Core Scientific, Inc.*				2,700	69,093
Digital Turbine, Inc.*				9,600	123,840
Fortinet, Inc.*				11,600	1,781,992
Freshworks, Inc. (Class A Stock)*				7,500	75,900
InterDigital, Inc.				220	62,289
Microsoft Corp.				61,116	22,797,490
N-able, Inc.*				4,500	16,515
NCR Voyix Corp.*				7,100	58,007
Nutanix, Inc. (Class A Stock)*				15,600	794,976
Oracle Corp.				12,600	1,846,530
Progress Software Corp.*				1,000	33,580
Red Violet, Inc.*				700	44,604
Salesforce, Inc.				2,300	360,318
Silvaco Group, Inc.*				4,900	67,571
Sprinklr, Inc. (Class A Stock)*				41,000	211,560
Tenable Holdings, Inc.*				1,100	40,568
Thryv Holdings, Inc.*				6,000	23,640
Workiva, Inc.*				2,900	140,679
Yext, Inc.*				12,600	58,842
					32,117,425
Specialized REITs 0.3%
American Tower Corp.				8,300	1,357,631
Iron Mountain, Inc.				7,700	972,587
Outfront Media, Inc.				10,100	330,876
					2,661,094
Specialty Retail 0.7%
Abercrombie & Fitch Co. (Class A Stock)*				2,000	180,020
American Eagle Outfitters, Inc.				11,000	189,200
Aritzia, Inc. (Canada)*				1,500	165,405
Asbury Automotive Group, Inc.*				730	146,788
Buckle, Inc. (The)				2,600	109,720
Caleres, Inc.				5,700	70,509

17

PGIM Balanced Fund

PGIM Balanced Fund

Schedule of Investments as of June 30, 2026 (unaudited) (continued)

Description				Shares	Value
Common Stocks (Continued)
Specialty Retail (cont’d.)
Citi Trends, Inc.*				1,300	$75,192
Currys PLC (United Kingdom)				32,375	68,565
Envela Corp.*				600	17,328
Fast Retailing Co. Ltd. (Japan)				1,800	922,220
Group 1 Automotive, Inc.				630	183,437
Groupe Dynamite, Inc. (Canada)				600	22,650
Jarir Marketing Co. (Saudi Arabia)				137,973	615,440
Nextage Co. Ltd. (Japan)				1,700	42,976
Petco Health & Wellness Co., Inc.*				5,600	15,232
Sally Beauty Holdings, Inc.*				1,200	16,968
Signet Jewelers Ltd.				400	34,480
Thanga Mayil Jewellery Ltd. (India)				1,725	116,711
TJX Cos., Inc. (The)				27,900	4,226,850
Urban Outfitters, Inc.*				900	63,774
Victoria’s Secret & Co.*				600	50,088
					7,333,553
Technology Hardware, Storage & Peripherals 4.6%
Apple, Inc.				117,154	33,899,681
Diebold Nixdorf, Inc.*				2,900	246,558
Hewlett Packard Enterprise Co.				39,600	1,786,356
Lenovo Group Ltd. (China)				74,000	219,581
Samsung Electronics Co. Ltd. (South Korea)				19,038	4,224,480
Sandisk Corp.*				2,000	4,547,460
Seagate Technology Holdings PLC				2,000	1,930,000
Western Digital Corp.				4,900	3,129,728
					49,983,844
Textiles, Apparel & Luxury Goods 0.0%
Chow Sang Sang Holdings International Ltd. (Hong Kong)				33,000	40,973
Kontoor Brands, Inc.				300	25,002
Movado Group, Inc.				5,800	227,998
OVS SpA (Italy), 144A				4,834	33,423
Steven Madden Ltd.				500	21,050
					348,446
Tobacco 0.1%
Imperial Brands PLC (United Kingdom)				18,971	701,147
Scandinavian Tobacco Group A/S (Denmark), 144A				31,193	317,423
Universal Corp.				3,200	166,944
					1,185,514
Trading Companies & Distributors 0.2%
AerCap Holdings NV (Ireland)				4,700	685,166
Diploma PLC (United Kingdom)				3,865	365,329
Mitsubishi Corp. (Japan)				18,500	494,915
NPK International, Inc.*				12,700	202,057
W.W. Grainger, Inc.				300	408,120
Xometry, Inc. (Class A Stock)*				800	77,216
					2,232,803
Transportation Infrastructure 0.1%
International Container Terminal Services, Inc. (Philippines)				59,260	862,304

18

PGIM Balanced Fund

Schedule of Investments as of June 30, 2026 (unaudited) (continued)

Description				Shares	Value
Common Stocks (Continued)
Water Utilities 0.0%
Cia De Saneamento do Parana Sanepar (Brazil), UTS				6,300	$45,350
Consolidated Water Co., Ltd.				1,300	38,350
					83,700
Wireless Telecommunication Services 0.1%
Advanced Info Service PCL (Thailand)				21,000	232,643
Digicel International Finance Ltd. (Jamaica)*				11,557	330,102
Etihad Etisalat Co. (Saudi Arabia)				7,865	126,553
Vodafone Group PLC (United Kingdom)				231,671	306,631
					995,929
Total Common Stocks (cost $412,796,271)					653,094,652
Preferred Stocks 0.2%
Automobiles 0.0%
Volkswagen AG (Germany) (PRFC)				253	20,296
Banks 0.0%
Banco do Estado do Rio Grande do Sul SA (Brazil) (PRFC) (Class B Stock)				23,400	63,052
Citigroup Capital XIII, 10.295%(c), 3 Month SOFR + 6.632%, Maturing 10/30/40				3,000	86,250
					149,302
Building Products 0.1%
QXO, Inc., Series C, 4.750%, Maturing 04/01/33				56	548,558
Capital Markets 0.0%
State Street Corp., 5.350%(ff), Series G, Maturing 09/15/26(oo)				5,000	107,450
Diversified Telecommunication Services 0.0%
Liberty Latin America Ltd. (Puerto Rico), 9.000%, Maturing 05/21/31				360	7,808
Oil, Gas & Consumable Fuels 0.1%
Petroleo Brasileiro SA (Brazil) (PRFC)				96,000	702,385
Technology Hardware, Storage & Peripherals 0.0%
Samsung Electronics Co. Ltd. (South Korea) (PRFC)				2,695	380,055
Wireless Telecommunication Services 0.0%
Digicel International Finance Ltd. (Jamaica)*^				751	9,895
Total Preferred Stocks (cost $1,426,328)					1,925,749

    

	Interest Rate		Maturity Date		Principal Amount (000)#
Asset-Backed Securities 6.2%
Automobiles 0.3%
Avis Budget Rental Car Funding AESOP LLC, Series 2024-01A, Class A, 144A	5.360 %		06/20/30			400	406,061
Ford Credit Auto Owner Trust,
Series 2021-02, Class D, 144A	2.600		05/15/34			300	297,216
Series 2023-01, Class C, 144A	5.580		08/15/35			500	505,287

19

PGIM Balanced Fund

PGIM Balanced Fund

Schedule of Investments as of June 30, 2026 (unaudited) (continued)

Description	Interest Rate	Maturity Date	Principal Amount (000)#		Value
Asset-Backed Securities (Continued)
Automobiles (cont’d.)
OneMain Direct Auto Receivables Trust,
Series 2023-01A, Class B, 144A	5.810 %	02/14/31		1,000	$1,015,345
Series 2023-01A, Class C, 144A	6.140	02/14/31		400	406,561
					2,630,470
Collateralized Loan Obligations 3.8%
AGL CLO Ltd. (United Kingdom), Series 2022-20A, Class A1R, 144A, 3 Month SOFR + 1.370% (Cap N/A, Floor 1.370%)	5.045(c)	10/20/37		3,250	3,255,693
Battalion CLO Ltd. (Cayman Islands), Series 2026-32A, Class A, 144A, 3 Month SOFR + 1.240% (Cap N/A, Floor 0.000%)	5.015(c)	07/20/39		3,800	3,799,958
CIFC Funding Ltd. (Cayman Islands), Series 2023-01A, Class A1R, 144A, 3 Month SOFR + 1.240% (Cap N/A, Floor 1.240%)	4.913(c)	10/15/38		2,850	2,853,960
CVC Cordatus Loan Fund DAC (Ireland), Series 15A, Class ARR, 144A, 3 Month EURIBOR + 1.270% (Cap N/A, Floor 1.270%)	3.626(c)	02/26/39	EUR	2,000	2,291,219
Eldridge CLO Ltd., Series 2026-03A, Class A, 144A, 3 Month SOFR + 1.220% (Cap N/A, Floor 1.220%)	4.939(c)	03/31/38		2,000	2,001,200
Elmwood CLO Ltd. (Cayman Islands), Series 2024-12RA, Class BR, 144A, 3 Month SOFR + 1.700% (Cap N/A, Floor 1.700%)	5.375(c)	10/20/37		2,000	2,005,294
Empower CLO Ltd. (Cayman Islands), Series 2025-01A, Class A, 144A, 3 Month SOFR + 1.310% (Cap N/A, Floor 1.310%)	4.985(c)	07/20/38		3,000	3,005,304
Madison Park Funding Ltd. (Cayman Islands), Series 2018-28A, Class BR, 144A, 3 Month SOFR + 1.700% (Cap N/A, Floor 1.700%)	5.373(c)	01/15/38		1,750	1,754,270
Monument CLO DAC (Ireland), Series 01A, Class AR, 144A, 3 Month EURIBOR + 1.300% (Cap N/A, Floor 1.300%)	3.500(c)	05/15/39	EUR	2,000	2,289,525
Nassau Euro CLO DAC (Ireland), Series 04A, Class A1R, 144A, 3 Month EURIBOR + 1.220% (Cap N/A, Floor 1.220%)	3.458(c)	07/20/38	EUR	2,000	2,287,659
Octagon Ltd. (Cayman Islands),
Series 2021-01A, Class A1R, 144A, 3 Month SOFR + 1.260% (Cap N/A, Floor 1.260%)	4.935(c)	03/20/38		2,850	2,854,647
Series 2023-01A, Class A1R, 144A, 3 Month SOFR + 1.230% (Cap N/A, Floor 1.230%)	4.905(c)	10/20/38		2,000	2,001,807
Rockford Tower CLO Ltd. (Cayman Islands), Series 2023-01A, Class A1R, 144A, 3 Month SOFR + 1.300% (Cap N/A, Floor 1.300%)	4.973(c)	03/15/38		2,000	2,002,600
St. Paul’s CLO DAC (Ireland), Series 10A, Class AR, 144A, 3 Month EURIBOR + 0.800% (Cap N/A, Floor 0.800%)	2.994(c)	04/22/35	EUR	2,873	3,278,960
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		2,000	2,005,720
Trinitas CLO Ltd. (Cayman Islands), Series 2017-07A, Class A1R2, 144A, 3 Month SOFR + 1.060% (Cap N/A, Floor 1.060%)	4.727(c)	01/25/35		3,700	3,699,795
					41,387,611
Consumer Loans 0.4%
Affirm Master Trust, Series 2025-02A, Class C, 144A	5.260	07/15/33		1,200	1,201,529
Lending Funding Trust, Series 2020-02A, Class A, 144A	2.320	04/21/31		36	35,590
Lendmark Funding Trust, Series 2021-01A, Class A, 144A	1.900	11/20/31		586	574,926
Onemain Financial Issuance Trust, Series 2025-01A, Class C, 144A	5.200	07/14/38		400	398,240
OneMain Financial Issuance Trust,
Series 2020-02A, Class A, 144A	1.750	09/14/35		172	170,502
Series 2022-02A, Class D, 144A	6.550	10/14/34		800	800,487
Series 2023-02A, Class C, 144A	6.740	09/15/36		200	203,530
Series 2023-02A, Class D, 144A	7.520	09/15/36		200	204,002
Sotheby’s Artfi Master Trust, Series 2026-01A, Class A1, 144A	4.800	06/20/33		400	397,640

20

PGIM Balanced Fund

Schedule of Investments as of June 30, 2026 (unaudited) (continued)

Description	Interest Rate	Maturity Date	Principal Amount (000)#		Value
Asset-Backed Securities (Continued)
Consumer Loans (cont’d.)
Stream Innovations Issuer Trust,
Series 2025-01A, Class A, 144A	5.050 %	09/15/45		344	$342,290
Series 2026-01A, Class A, 144A	4.780	08/15/46		358	351,936
					4,680,672
Credit Cards 0.1%
CCI GPCC JV SPE III LLC, Series 2026-01A, Class A, 144A	5.960	06/16/36		700	699,955
Equipment 0.2%
Capteris Equipment Finance LLC,
Series 2026-01A, Class B, 144A	4.950	09/20/33		500	494,713
Series 2026-01A, Class C, 144A	5.180	09/20/33		400	396,029
MetroNet Infrastructure Issuer LLC,
Series 2025-04A, Class A2, 144A	5.163	12/20/55		500	497,822
Series 2026-01A, Class A2, 144A	5.273	04/20/56		100	100,048
PEAC Solutions Receivables LLC, Series 2026-01A, Class B, 144A	4.750	07/20/33		600	596,450
VB-S1 Issuer LLC, Series 2026-01A, Class C2, 144A	4.693	03/15/56		500	488,618
					2,573,680
Home Equity Loans 0.9%
BRAVO Residential Funding Trust,
Series 2024-CES01, Class A1A, 144A	6.377(cc)	04/25/54		268	269,415
Series 2025-CES01, Class A1A, 144A	5.703(cc)	02/25/55		116	115,963
Series 2025-CES02, Class A1, 144A	4.960(cc)	07/26/55		326	323,274
Series 2026-CES01, Class A1A, 144A	5.254(cc)	04/25/56		388	387,322
COOPR Residential Mortgage Trust, Series 2025-CES02, Class A1A, 144A	5.502(cc)	06/25/60		677	677,695
EFMT,
Series 2025-CES01, Class A1A, 144A	5.726(cc)	01/25/60		304	305,312
Series 2025-CES04, Class A1, 144A	5.431(cc)	06/25/60		449	449,133
FIGRE Trust, Series 2026-HE01, Class A, 144A	4.982(cc)	01/25/56		451	445,053
GS Mortgage-Backed Securities Trust,
Series 2026-CES01, Class A1, 144A	4.899(cc)	05/25/56		448	443,624
Series 2026-CES03, Class A1A, 144A	5.358(cc)	09/25/56		393	391,986
JPMorgan Mortgage Trust,
Series 2023-HE02, Class A1, 144A, 30 Day Average SOFR + 1.700% (Cap N/A, Floor 0.000%)	5.312(c)	03/20/54		104	103,832
Series 2025-CES01, Class A1, 144A	5.666(cc)	05/25/55		239	239,157
Series 2026-ACES01, Class A1, 144A	4.894(cc)	04/25/66		456	450,445
OBX Trust, Series 2025-HE01, Class A1, 144A, 30 Day Average SOFR + 1.600% (Cap N/A, Floor 0.000%)	5.228(c)	02/25/55		517	519,048
RCKT Mortgage Trust,
Series 2024-CES05, Class A1A, 144A	5.846(cc)	08/25/44		131	131,224
Series 2024-CES07, Class A1A, 144A	5.158(cc)	10/25/44		268	267,213
Series 2024-CES09, Class A1A, 144A	5.582(cc)	12/25/44		257	257,210
Series 2025-CES01, Class A1A, 144A	5.653(cc)	01/25/45		310	311,032
Series 2025-CES02, Class A1A, 144A	5.503(cc)	02/25/55		356	357,022
Series 2025-CES06, Class A1A, 144A	5.472(cc)	06/25/55		610	610,529
Series 2025-CES07, Class A1A, 144A	5.377(cc)	07/25/55		355	354,883
Towd Point Mortgage Trust,
Series 2023-CES02, Class A1A, 144A	7.294(cc)	10/25/63		114	114,629
Series 2024-CES01, Class A1A, 144A	5.848(cc)	01/25/64		46	45,965
Series 2024-CES02, Class A1A, 144A	6.125(cc)	02/25/64		42	42,486
Series 2024-CES03, Class A1, 144A	6.290(cc)	05/25/64		148	148,433

21

PGIM Balanced Fund

PGIM Balanced Fund

Schedule of Investments as of June 30, 2026 (unaudited) (continued)

Description	Interest Rate	Maturity Date	Principal Amount (000)#		Value
Asset-Backed Securities (Continued)
Home Equity Loans (cont’d.)
Towd Point Mortgage Trust, (cont’d.)
Series 2024-CES05, Class A1, 144A	5.167 %(cc)	09/25/64		437	$435,332
Series 2024-CES05, Class A2, 144A	5.202(cc)	09/25/64		500	497,808
Series 2024-CES06, Class A1, 144A	5.725(cc)	11/25/64		256	256,543
Series 2025-CES01, Class A1, 144A	5.705(cc)	02/25/55		278	278,703
Series 2025-CES02, Class A1, 144A	5.348(cc)	07/25/65		378	376,650
Series 2025-CRM01, Class A1, 144A	5.799(cc)	01/25/65		341	341,330
					9,948,251
Other 0.5%
Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC, Series 2025-04A, Class A2, 144A	5.522	12/20/55		200	200,808
Eagle Re Ltd., Series 2021-02, Class M1C, 144A, 30 Day Average SOFR + 3.450% (Cap N/A, Floor 3.450%)	7.078(c)	04/25/34		6	6,515
GreenSky Home Improvement Issuer Trust, Series 2025-03A, Class A3, 144A	4.520	12/27/60		288	286,130
GreenSky Home Improvement Trust, Series 2024-01, Class A4, 144A	5.670	06/25/59		33	33,085
Invitation Homes Trust, Series 2024-SFR01, Class C, 144A	4.250	09/17/41		700	673,943
Oaktown Re VII Ltd., Series 2021-02, Class M1B, 144A, 30 Day Average SOFR + 2.900% (Cap N/A, Floor 2.900%)	6.528(c)	04/25/34		49	48,807
OnDeck Asset Securitization IV LLC, Series 2025-02A, Class A, 144A	4.840	11/17/32		1,000	991,655
Oryx Funding LLC, Series 2026-01A, Class A2, 144A	6.299	06/05/56		800	802,254
PK Alift Loan Funding 7 LP, Series 2025-02, Class A, 144A	4.750	03/15/43		368	364,487
PK Alift Loan Funding 8 LP, Series 2026-01, Class A, 144A	4.614	09/15/43		500	492,209
PMT Issuer Trust - FMSR, Series 2024-FT01, Class A, 144A, 1 Month SOFR + 2.750% (Cap N/A, Floor 2.750%)	6.429(c)	12/25/27		600	605,177
Radnor Re Ltd.,
Series 2021-02, Class M1B, 144A, 30 Day Average SOFR + 3.700% (Cap N/A, Floor 3.700%)	7.328(c)	11/25/31		19	19,369
Series 2023-01, Class M1A, 144A, 30 Day Average SOFR + 2.700% (Cap N/A, Floor 2.700%)	6.328(c)	07/25/33		—(r)	41
Tricon Residential Trust, Series 2025-SFR01, Class A, 144A, 1 Month SOFR + 1.100% (Cap N/A, Floor 1.100%)	4.725(c)	03/17/42		688	687,662
					5,212,142
Student Loans 0.0%
Navient Private Education Refi Loan Trust, Series 2019-CA, Class A2, 144A	3.130	02/15/68		21	20,482
SoFi Professional Loan Program LLC,
Series 2019-B, Class A2FX, 144A	3.090	08/17/48		41	39,971
Series 2019-C, Class A2FX, 144A	2.370	11/16/48		93	90,817
SoFi Professional Loan Program Trust, Series 2020-A, Class A2FX, 144A	2.540	05/15/46		146	141,136
					292,406
Total Asset-Backed Securities (cost $67,403,423)					67,425,187
Commercial Mortgage-Backed Securities 3.9%
ARES Trust, Series 2026-TRON, Class A, 144A, 1 Month SOFR + 1.420% (Cap N/A, Floor 1.420%)	5.045(c)	05/15/43		1,000	1,002,187
BANK,
Series 2017-BNK04, Class A3	3.362	05/15/50		995	988,206