PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Long-Term Investments 98.8%          
Asset-Backed Securities 1.8%
Canada 0.2%
Evergreen Credit Card Trust,
Series 2024-CRT04, Class C, 144A
5.640 % 10/15/28   5,600  $5,608,331
Germany 0.4%
Vantage Data Centers Germany Borrower Lux Sarl,
Series 2025-01A, Class A2, 144A
4.292 06/28/50 EUR 7,900 9,050,671
Spain 0.0%
LSF11 Boson Investments Sarl Compartment 2,
Series 2021-NPLA, Class A1, 144A, 3 Month EURIBOR + 2.000% (Cap N/A, Floor 0.000%)
4.195(c) 11/25/60 EUR 102 118,159
United Kingdom 0.1%
NewDay Funding,
Series 2024-01A, Class B, 144A, SONIA + 1.650% (Cap N/A, Floor 0.000%)
5.387(c) 03/15/32 GBP 2,600 3,516,583
United States 1.1%
Ameriquest Mortgage Securities, Inc., Asset-Backed Pass-Through Certificates,          
Series 2002-02, Class M3, 1 Month SOFR + 2.769% (Cap N/A, Floor 2.655%) 4.192(c) 08/25/32   45 44,995
Series 2002-03, Class M3, 1 Month SOFR + 2.964% (Cap N/A, Floor 2.850%) 6.689(c) 08/25/32   41 40,875
     
 
Bayview Opportunity Master Fund VII Trust,
Series 2024-CAR1F, Class A, 144A
6.971 07/29/32   453 453,635
Chase Funding Trust,
Series 2003-04, Class 2A2, 1 Month SOFR + 0.714% (Cap N/A, Floor 0.600%)
4.439(c) 05/25/33   122 121,866
EquiFirst Mortgage Loan Trust,
Series 2004-01, Class 1A1, 1 Month SOFR + 0.594% (Cap N/A, Floor 0.480%)
4.319(c) 01/25/34   269 263,328
GreenSky Home Improvement Trust,
Series 2024-01, Class A4, 144A
5.670 06/25/59   95 95,770
Laurel Road Prime Student Loan Trust,          
Series 2018-A, Class A, 144A 0.000 02/25/43   3,430 406,581
Series 2018-C, Class A, 144A 0.000(cc) 08/25/43   361 337,752
Series 2019-A, Class R, 144A 0.000 10/25/48   962 533,281
     
 
Lending Funding Trust,
Series 2020-02A, Class A, 144A
2.320 04/21/31   337 334,164
MASTR Asset-Backed Securities Trust,
Series 2004-WMC02, Class M1, 1 Month SOFR + 1.014% (Cap N/A, Floor 0.900%)
4.739(c) 04/25/34   442 448,439
Morgan Stanley Dean Witter Capital I, Inc. Trust,
Series 2002-AM03, Class A3, 1 Month SOFR + 1.094% (Cap N/A, Floor 0.980%)
4.819(c) 02/25/33   10 10,570
Oaktown Re VII Ltd.,
Series 2021-02, Class M1B, 144A, 30 Day Average SOFR + 2.900% (Cap N/A, Floor 2.900%)
6.516(c) 04/25/34   143 143,124
OneMain Financial Issuance Trust,          
Series 2023-02A, Class C, 144A 6.740 09/15/36   1,300 1,328,185
Series 2023-02A, Class D, 144A 7.520 09/15/36   3,700 3,791,332
     
 
Oryx Funding LLC,
Series 2026-01A, Class A2, 144A
6.299 06/05/56   4,700 4,671,126
Radnor Re Ltd.,
Series 2021-02, Class M1B, 144A, 30 Day Average SOFR + 3.700% (Cap N/A, Floor 3.700%)
7.316(c) 11/25/31   328 328,586
RCKT Mortgage Trust,          
Series 2024-CES01, Class A1A, 144A 6.025(cc) 02/25/44   726 727,278
Series 2024-CES05, Class A1A, 144A 5.846(cc) 08/25/44   376 377,048
Series 2024-CES06, Class A1A, 144A 5.344(cc) 09/25/44   3,525 3,520,294
Series 2024-CES07, Class A1A, 144A 5.158(cc) 10/25/44   1,698 1,691,327
Sunrun Vesta Issuer LLC,          
Series 2024-03A, Class A1, 144A 5.490 10/30/59   869 845,678
Series 2024-03A, Class A2, 144A 5.880 10/30/59   3,698 3,566,888
Towd Point Mortgage Trust,          
Series 2024-CES01, Class A1A, 144A 5.848(cc) 01/25/64   349 348,922
1
PGIM Global Total Return Fund

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Asset-Backed Securities (Continued)
United States (cont’d.)
Towd Point Mortgage Trust, (cont’d.)          
Series 2024-CES02, Class A1A, 144A 6.125 %(cc) 02/25/64   240  $240,554
Series 2024-CES05, Class A1, 144A 5.167(cc) 09/25/64   3,337 3,324,595
          27,996,193
     
 
Total Asset-Backed Securities
(cost $45,556,541)
46,289,937
Commercial Mortgage-Backed Securities 2.0%
Canada 0.1%
BX Commercial Mortgage Trust,
Series 2024-PURE, Class A, 144A, CORRA + 1.900% (Cap N/A, Floor 1.900%)
4.203(c) 11/15/41 CAD 3,981 2,860,679
Real Estate Asset Liquidity Trust,
Series 2020-01A, Class A1, 144A
2.381(cc) 02/12/55 CAD 102 72,341
          2,933,020
Cayman Islands 0.1%
BXMT Ltd.,
Series 2025-FL05, Class A, 144A, 1 Month SOFR + 1.639% (Cap N/A, Floor 1.639%)
5.308(c) 10/18/42   2,600 2,604,938
United States 1.8%
20 Times Square Trust,          
Series 2018-20TS, Class G, 144A(x) 3.100(cc) 05/15/35   1,000 786,830
Series 2018-20TS, Class H, 144A(x) 3.100(cc) 05/15/35   1,000 746,830
     
 
Benchmark Mortgage Trust,
Series 2020-B17, Class A4
2.042 03/15/53   6,200 5,600,876
CF Mortgage Trust,
Series 2020-P01, Class A1, 144A
2.840(cc) 04/15/52   9,087 9,034,359
Citigroup Commercial Mortgage Trust,          
Series 2014-GC21, Class XB, IO 0.086(cc) 05/10/47   1,665 890
Series 2016-P04, Class XB, IO 1.075(cc) 07/10/49   5,346 53
Series 2017-P08, Class A2 3.109 09/15/50   211 208,416
     
 
Commercial Mortgage Trust,
Series 2014-UBS04, Class XB, IO, 144A
0.174(cc) 08/10/47   41,376 12,078
FHLMC Multifamily Structured Pass-Through Certificates,          
Series K058, Class X1, IO 0.878(cc) 08/25/26   13,234 132
Series K090, Class X1, IO 0.705(cc) 02/25/29   22,150 364,817
Series K111, Class X1, IO 1.559(cc) 05/25/30   28,486 1,394,599
Series K113, Class X1, IO 1.365(cc) 06/25/30   115,602 4,994,016
Series K114, Class X1, IO 1.106(cc) 06/25/30   73,825 2,673,183
Series K116, Class X1, IO 1.402(cc) 07/25/30   47,295 2,114,386
Series K121, Class X1, IO 1.009(cc) 10/25/30   122,215 4,161,263
Series KG03, Class X1, IO 1.359(cc) 06/25/30   97,867 4,161,685
Series Q001, Class XA, IO 2.045(cc) 02/25/32   4,532 234,822
GS Mortgage Securities Trust,          
Series 2014-GC22, Class XB, IO 0.167(cc) 06/10/47   35,000 149,356
Series 2014-GC24, Class XB, IO 0.021(cc) 09/10/47   30,003 300
Series 2014-GC26, Class XB, IO 0.181(cc) 11/10/47   34,043 340
     
 
JPMCC Commercial Mortgage Securities Trust,
Series 2017-JP06, Class A3
3.109 07/15/50   1,604 1,591,147
JPMDB Commercial Mortgage Securities Trust,
Series 2020-COR07, Class A4
1.915 05/13/53   5,000 4,405,618
Morgan Stanley Capital I Trust,
Series 2020-HR08, Class XB, IO
0.853(cc) 07/15/53   54,413 1,708,209
2

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Commercial Mortgage-Backed Securities (Continued)
United States (cont’d.)
Wells Fargo Commercial Mortgage Trust,          
Series 2016-C35, Class XB, IO 0.816 %(cc) 07/15/48   10,927  $109
Series 2016-LC24, Class XB, IO 0.853(cc) 10/15/49   20,910 2,913
          44,347,227
     
 
Total Commercial Mortgage-Backed Securities
(cost $51,681,999)
49,885,185
Corporate Bonds 42.0%
Australia 0.1%
Mineral Resources Ltd.,          
Sr. Unsec’d. Notes, 144A 6.000 05/01/32   425 416,534
Sr. Unsec’d. Notes, 144A 6.250 05/01/34   270 262,575
Sr. Unsec’d. Notes, 144A 9.250 10/01/28   152 156,280
     
 
National Australia Bank Ltd.,
Sr. Unsec’d. Notes, MTN
5.100 10/16/35 AUD 3,000 2,022,881
PLS Group Ltd.,
Sr. Unsec’d. Notes, 144A
6.875 05/01/31   145 146,579
Westpac Banking Corp.,
Sr. Unsec’d. Notes, EMTN
3.310 07/31/34 CNH 2,000 310,876
          3,315,725
Brazil 0.8%
Petrobras Global Finance BV,          
Gtd. Notes 5.375 10/01/29 GBP 8,603 11,462,804
Gtd. Notes 6.625 01/16/34 GBP 6,690 9,064,911
     
 
Suzano Austria GmbH,
Gtd. Notes
6.000 01/15/29   200 202,496
          20,730,211
Bulgaria 0.5%
Bulgarian Energy Holding EAD,          
Sr. Unsec’d. Notes 2.450 07/22/28 EUR 9,300 10,333,823
Sr. Unsec’d. Notes 4.250 06/19/30 EUR 1,800 2,052,713
          12,386,536
Canada 1.2%
Barrick PD Australia Finance Pty Ltd.,
Gtd. Notes
5.950 10/15/39   50 50,542
Bausch Health Cos., Inc.,          
Gtd. Notes, 144A 5.000 01/30/28   1,090 986,559
Gtd. Notes, 144A 5.000 02/15/29   175 133,875
Gtd. Notes, 144A 5.250 01/30/30   3,250 2,201,875
Gtd. Notes, 144A 5.250 02/15/31   2,000 1,237,500
Gtd. Notes, 144A 6.250 02/15/29   25 19,625
Gtd. Notes, 144A 7.000 01/15/28   375 338,314
Sr. Sec’d. Notes, 144A 4.875 06/01/28   300 279,690
Brookfield Residential Properties, Inc./Brookfield Residential US LLC,          
Gtd. Notes, 144A 4.875 02/15/30   1,370 1,274,155
Gtd. Notes, 144A 6.250 09/15/27   1,275 1,273,343
Sr. Unsec’d. Notes, 144A 5.000 06/15/29   1,675 1,588,084
Cenovus Energy, Inc.,          
Sr. Unsec’d. Notes 2.650 01/15/32   1,340 1,184,766
Sr. Unsec’d. Notes 3.750 02/15/52   955 655,387
     
 
3
PGIM Global Total Return Fund

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Canada (cont’d.)
     
Hydro-Quebec,
Local Gov’t. Gtd. Notes, Series JT, SOFR Index + 0.491%
4.190 %(c) 09/30/26(oo)   500  $375,000
Ontario Electricity Financial Corp.,
Local Gov’t. Gtd. Notes, Series 40
4.026(s) 04/11/31 CAD 10,000 6,022,263
Ontario Power Generation, Inc.,
Sr. Unsec’d. Notes, MTN
4.248 01/18/49 CAD 3,500 2,156,600
Ontario Teachers’ Cadillac Fairview Properties Trust,
Sr. Unsec’d. Notes, 144A
2.500 10/15/31   1,775 1,551,456
Rogers Communications, Inc.,
Gtd. Notes
3.250 05/01/29 CAD 700 493,233
Royal Bank of Canada,          
Jr. Sub. Notes 6.500(ff) 11/24/85   200 193,331
Jr. Sub. Notes 6.500(ff) 05/24/86   6,400 6,215,004
Jr. Sub. Notes 6.750(ff) 08/24/85   275 278,094
     
 
Vale Canada Ltd.,
Sr. Unsec’d. Notes
7.200 09/15/32   2,500 2,710,050
          31,218,746
Chile 0.4%
Chile Electricity Lux Mpc II Sarl,          
Gov’t. Gtd. Notes 5.580 10/20/35   2,004 1,986,852
Gov’t. Gtd. Notes 5.672 10/20/35   3,786 3,782,611
Empresa de Transporte de Pasajeros Metro SA,          
Sr. Unsec’d. Notes 1.398 10/07/33 CHF 2,000 2,442,575
Sr. Unsec’d. Notes 1.693 10/30/31 CHF 2,000 2,504,768
          10,716,806
China 0.7%
Agricultural Development Bank of China,
Sr. Unsec’d. Notes
3.800 10/27/30 CNH 55,000 8,870,114
Alibaba Group Holding Ltd.,
Sr. Unsec’d. Notes
2.800 11/28/29 CNH 17,720 2,692,988
China Development Bank,          
Sr. Unsec’d. Notes 4.300 08/02/32 CNH 27,000 4,577,039
Unsec’d. Notes 4.200 01/19/27 CNH 16,000 2,398,323
          18,538,464
Denmark 0.0%
Nykredit Realkredit A/S,
Covered Bonds, Series 13H
1.000 07/01/30 DKK 3,000 431,440
France 3.0%
Agence Francaise de Developpement EPIC,          
Sr. Unsec’d. Notes 3.000 01/17/34 EUR 5,000 5,437,731
Sr. Unsec’d. Notes, EMTN 5.750 10/09/30 IDR 100,000,000 5,157,824
BNP Paribas SA,          
Sr. Non-Preferred Notes, EMTN 3.500 03/29/28 CNH 18,000 2,697,847
Sub. Notes, EMTN 4.625 03/09/27 AUD 370 258,840
BPCE SA,          
Sr. Non-Preferred Notes, 144A, MTN 5.773(ff) 06/02/37   750 735,244
Sr. Non-Preferred Notes, Series 03 0.989 07/12/28 JPY 300,000 1,837,995
Sr. Preferred Notes, EMTN 3.610 01/25/29 CNH 4,000 611,326
Caisse des Depots et Consignations,          
Sr. Unsec’d. Notes, EMTN 0.930 05/07/32 CHF 2,400 2,910,561
Sr. Unsec’d. Notes, EMTN 3.063 10/09/30 EUR 1,300 1,469,239
     
 
Credit Agricole Corporate & Investment Bank,
Sr. Unsec’d. Notes, EMTN
3.500 04/29/29 CNH 17,000 2,586,769
4

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
France (cont’d.)
Credit Agricole SA,          
Sr. Non-Preferred Notes, 144A, MTN 4.818 %(ff) 09/25/33   2,580  $2,491,715
Sub. Notes, 144A, MTN 4.000(ff) 01/10/33   1,505 1,477,915
Sub. Notes, EMTN 4.200(ff) 05/29/34 AUD 400 268,260
Sub. Notes, EMTN 4.250(ff) 01/14/35 SGD 1,000 807,049
Electricite de France SA,          
Sr. Unsec’d. Notes, MTN 5.636 08/28/35 AUD 5,560 3,768,048
Sr. Unsec’d. Notes, MTN 6.627 08/28/45 AUD 820 565,719
Sr. Unsec’d. Notes, Series MPLE 4.573 02/06/35 CAD 1,000 703,599
Gestion Securite de Stocks Securite SA,          
Sr. Unsec’d. Notes, EMTN 2.875 09/07/32 EUR 1,100 1,212,940
Sr. Unsec’d. Notes, EMTN 3.000 11/25/31 EUR 2,000 2,244,303
     
 
La Poste SA,
Sr. Unsec’d. Notes, EMTN
1.375 04/21/32 EUR 5,000 5,064,001
Regie Autonome des Transports Parisiens EPIC,
Sr. Unsec’d. Notes, EMTN
1.875 05/25/32 EUR 7,000 7,305,587
SNCF Reseau,          
Sr. Unsec’d. Notes, EMTN 1.500 05/29/37 EUR 1,700 1,511,120
Sr. Unsec’d. Notes, Series MPLE 4.700 06/01/35 CAD 6,400 4,536,679
Societe Generale SA,          
Sr. Non-Preferred Notes, 144A 3.337(ff) 01/21/33   2,415 2,166,754
Sr. Non-Preferred Notes, 144A, MTN 5.371(ff) 05/27/32   1,550 1,539,715
Sr. Non-Preferred Notes, EMTN 3.550 06/16/29 CNH 13,000 1,941,418
Sub. Notes, EMTN 5.000 05/19/27 AUD 220 152,904
     
 
Societe Nationale SNCF SACA,
Sr. Unsec’d. Notes, EMTN
1.500 02/02/29 EUR 3,200 3,536,488
TDF Infrastructure SAS,
Sr. Unsec’d. Notes
4.125 10/23/31 EUR 4,100 4,690,448
TotalEnergies SE,
Jr. Sub. Notes, Series NC07, EMTN
1.625(ff) 10/25/27(oo) EUR 5,500 6,147,076
          75,835,114
Germany 1.0%
Deutsche Bahn AG,          
Jr. Sub. Notes, Series CB 1.600(ff) 07/18/29(oo) EUR 4,200 4,474,927
Sr. Unsec’d. Notes, MTN 1.987 07/08/30 AUD 1,000 615,103
Deutsche Bank AG,          
Sr. Non-Preferred Notes 3.669(s) 01/20/32 ITL 5,015,000 2,386,791
Sub. Notes 7.079(ff) 02/10/34   1,050 1,116,109
Sub. Notes, EMTN 4.000(ff) 06/24/32 EUR 4,000 4,620,809
     
 
Volkswagen Bank GmbH,
Sr. Non-Preferred Notes, EMTN
4.000 11/26/30 EUR 11,000 12,644,848
          25,858,587
Hong Kong 0.5%
HKT Capital No. 3 Ltd.,
Gtd. Notes
1.650 04/10/27 EUR 9,300 10,466,376
Sun Hung Kai Properties Capital Market Ltd.,          
Gtd. Notes, EMTN 3.150 07/11/28 CNH 13,000 1,970,191
Gtd. Notes, EMTN 3.160 01/25/28 CNH 4,000 602,501
Gtd. Notes, EMTN 3.200 08/14/27 CNH 5,000 751,275
          13,790,343
5
PGIM Global Total Return Fund

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Hungary 0.3%
MFB Magyar Fejlesztesi Bank Zrt,
Gov’t. Gtd. Notes
4.375 % 06/27/30 EUR 1,000  $1,177,631
MVM Energetika Zrt,
Sr. Unsec’d. Notes
0.875 11/18/27 EUR 5,430 6,031,428
          7,209,059
India 0.8%
NTPC Ltd.,
Sr. Unsec’d. Notes, EMTN
2.750 02/01/27 EUR 12,350 14,150,543
Power Finance Corp. Ltd.,
Sr. Unsec’d. Notes, GMTN
1.841 09/21/28 EUR 6,419 7,107,319
          21,257,862
Indonesia 0.4%
Freeport Indonesia PT,
Sr. Unsec’d. Notes, EMTN
5.315 04/14/32   2,490 2,424,637
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara,
Sr. Unsec’d. Notes
1.875 11/05/31 EUR 7,500 7,595,828
          10,020,465
Israel 0.7%
Israel Electric Corp. Ltd.,          
Sec’d. Notes, 144A, GMTN 3.750 02/22/32   600 546,174
Sr. Sec’d. Notes 7.875 12/15/26   5,889 5,943,120
Sr. Sec’d. Notes, 144A, GMTN 4.250 08/14/28   1,000 977,620
Sr. Sec’d. Notes, EMTN 3.700 05/23/30 JPY 200,000 1,285,653
Sr. Sec’d. Notes, EMTN 7.750 12/15/27   8,650 8,921,783
          17,674,350
Italy 0.5%
Acquirente Unico SpA,
Sr. Unsec’d. Notes
3.500 02/11/33 EUR 3,200 3,606,931
AMCO - Asset Management Co. SpA,
Sr. Unsec’d. Notes, EMTN
3.250 04/02/30 EUR 2,225 2,539,235
Cassa Depositi e Prestiti SpA,          
Sr. Unsec’d. Notes, EMTN 3.375 02/11/32 EUR 4,000 4,550,634
Sr. Unsec’d. Notes, EMTN 4.750 10/18/30 EUR 1,500 1,809,363
          12,506,163
Jamaica 0.0%
Digicel Group Holdings Ltd.,          
Sr. Sec’d. Notes, Series 1B14, 144A 0.000 12/31/30   351 35
Sr. Sec’d. Notes, Series 3B14, 144A^ 0.000 12/31/30   236 —
     
 
Digicel International Finance Ltd./DIFL US LLC,
Sr. Sec’d. Notes, 144A
8.625 08/01/32   775 797,766
          797,801
Japan 0.1%
Mitsubishi UFJ Financial Group, Inc.,
Sr. Unsec’d. Notes
4.847(ff) 04/21/32   450 443,060
NTT Finance Corp.,
Sr. Unsec’d. Notes, 144A
4.876 07/16/30   1,575 1,558,483
6

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Japan (cont’d.)
SoftBank Group Corp.,          
Sr. Unsec’d. Notes 5.750 % 07/08/32 EUR 200  $220,237
Sr. Unsec’d. Notes 5.875 07/10/31 EUR 1,300 1,482,118
          3,703,898
Kazakhstan 0.4%
Development Bank of Kazakhstan JSC,
Sr. Unsec’d. Notes
3.350 09/01/28 CNH 50,000 7,571,030
Kazakhstan Temir Zholy National Co. JSC,
Gtd. Notes
4.875 04/29/31   2,600 2,507,960
          10,078,990
Luxembourg 0.8%
Blackstone Property Partners Europe Holdings Sarl,          
Sr. Unsec’d. Notes, EMTN 1.000 05/04/28 EUR 9,850 10,857,130
Sr. Unsec’d. Notes, EMTN 1.625 04/20/30 EUR 2,400 2,546,068
     
 
Logicor Financing Sarl,
Gtd. Notes, EMTN
1.625 07/15/27 EUR 4,300 4,886,068
P3 Group Sarl,
Sr. Unsec’d. Notes, EMTN
1.625 01/26/29 EUR 1,900 2,086,280
          20,375,546
Malta 0.1%
Freeport Terminal Malta PLC,
Gov’t. Gtd. Notes, 144A
7.250 05/15/28   3,000 3,077,846
Mexico 1.6%
Comision Federal de Electricidad,          
Insured Notes, Series 16U, 6 Month SOFR + 0.923% 4.669(c) 12/15/36   4,725 4,301,733
Sr. Unsec’d. Notes(a) 6.500 01/28/51   405 384,191
Sr. Unsec’d. Notes, EMTN(a) 5.000 09/29/36   9,330 8,690,848
Mexico City Airport Trust,          
Sr. Sec’d. Notes 3.875 04/30/28   389 378,516
Sr. Sec’d. Notes 5.500 07/31/47   3,137 2,636,492
Petroleos Mexicanos,          
Gtd. Notes 4.750 02/26/29 EUR 2,500 2,909,628
Gtd. Notes 5.350 02/12/28   34 33,868
Gtd. Notes 5.950 01/28/31   1,050 1,023,698
Gtd. Notes 6.700 02/16/32   1,585 1,572,502
Gtd. Notes 6.840 01/23/30   4,050 4,114,193
Gtd. Notes 9.500 09/15/27   1,000 1,047,830
Gtd. Notes(a) 9.500 09/15/27   6,378 6,649,065
Gtd. Notes 10.000 02/07/33   2,753 3,157,113
Gtd. Notes, 144A 6.700 02/16/32   1,800 1,785,384
Gtd. Notes, EMTN 2.750 04/21/27 EUR 1,270 1,450,324
Gtd. Notes, EMTN 6.750 09/21/47   28 22,904
          40,158,289
Netherlands 0.5%
Cooperatieve Rabobank UA,          
Sr. Preferred Notes, GMTN 3.500 12/14/26 AUD 2,882 2,009,121
Sr. Preferred Notes, GMTN 9.298(s) 03/11/39 MXN 22,000 328,236
     
 
ING Groep NV,
Sr. Unsec’d. Notes
4.803(ff) 03/23/32   375 368,323
Lineage Europe Finco BV,
Gtd. Notes
4.125 11/26/31 EUR 7,100 8,044,923
7
PGIM Global Total Return Fund

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Netherlands (cont’d.)
NXP BV/NXP Funding LLC/NXP USA, Inc.,          
Gtd. Notes 3.150 % 05/01/27   575  $568,319
Gtd. Notes 3.400 05/01/30   725 683,762
          12,002,684
Norway 0.0%
DNB Bank ASA,
Sr. Non-Preferred Notes, 144A
4.832(ff) 03/30/32   1,170 1,153,164
Paraguay 0.2%
Bioceanico Sovereign Certificate Ltd.,
Sr. Sec’d. Notes
2.484(s) 06/05/34   7,060 5,758,691
Peru 0.3%
Lima Metro Line 2 Finance Ltd.,          
Sr. Sec’d. Notes 4.350 04/05/36   1,818 1,712,351
Sr. Sec’d. Notes 5.875 07/05/34   3,083 3,127,560
Line One Peru Metro Expansion Co. Ltd.,          
Sr. Sec’d. Notes, 144A 4.737 01/10/33   1,409 1,365,387
Sr. Sec’d. Notes, 144A 4.737 04/10/33   1,184 1,146,685
          7,351,983
Philippines 0.3%
Bangko Sentral ng Pilipinas International Bond,
Sr. Unsec’d. Notes, Series A
8.600 06/15/27   3,560 3,673,279
Power Sector Assets & Liabilities Management Corp.,
Gov’t. Gtd. Notes
9.625 05/15/28   4,320 4,686,034
          8,359,313
Poland 0.2%
Bank Gospodarstwa Krajowego,          
Gov’t. Gtd. Notes 2.000 06/01/30 EUR 506 555,714
Gov’t. Gtd. Notes, EMTN 3.750 06/10/34 EUR 2,500 2,854,594
Gov’t. Gtd. Notes, EMTN 4.000 03/13/32 EUR 1,200 1,407,013
          4,817,321
Qatar 0.1%
QNB Finance Ltd.,          
Gtd. Notes, EMTN 2.500 06/18/30 CNH 1,000 147,990
Gtd. Notes, EMTN 3.000 09/30/30 EUR 1,500 1,667,766
Gtd. Notes, EMTN 3.950 11/17/27 CNH 1,300 197,231
Gtd. Notes, MTN 4.900 02/01/28 AUD 250 173,651
          2,186,638
Russia 0.3%
Gazprom PJSC via Gaz Finance PLC,          
Sr. Unsec’d. Notes 3.000 06/29/27   1,410 1,240,800
Sr. Unsec’d. Notes, EMTN 1.540 06/30/27 CHF 6,000 5,380,667
          6,621,467
Saudi Arabia 0.7%
Gaci First Investment Co.,          
Gtd. Notes, EMTN 3.375 10/14/32 EUR 5,446 6,058,243
Gtd. Notes, EMTN 5.125 06/11/29 GBP 1,490 2,002,414
8

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Saudi Arabia (cont’d.)
     
 
Saudi Electricity Sukuk Programme Co.,
Sr. Unsec’d. Notes, EMTN
4.310 % 01/22/29   4,000  $3,916,480
SNB Funding Ltd.,          
Gtd. Notes, EMTN 2.450 01/30/29 CNH 30,000 4,445,774
Gtd. Notes, EMTN 2.600 10/30/30 CNH 2,000 293,170
          16,716,081
Singapore 0.0%
DBS Bank Ltd.,
Sr. Unsec’d. Notes, GMTN
1.920 08/20/28 CNH 5,000 741,805
South Africa 0.7%
Eskom Holdings,
Gov’t. Gtd. Notes, MTN
6.350 08/10/28   16,350 16,595,250
South Korea 0.8%
Korea Development Bank (The),
Sr. Unsec’d. Notes, EMTN
1.830 08/10/27 SEK 74,000 7,664,721
Korea Expressway Corp.,          
Sr. Unsec’d. Notes, GMTN 2.310 04/28/32 SEK 80,000 7,824,737
Sr. Unsec’d. Notes, GMTN 3.030 05/11/32 CAD 7,500 5,091,038
          20,580,496
Spain 0.3%
Adif Alta Velocidad,
Sr. Unsec’d. Notes, EMTN
3.250 05/31/29 EUR 5,000 5,780,148
Banco Santander SA,
Sub. Notes
2.749 12/03/30   600 540,392
          6,320,540
Supranational Bank 0.7%
African Export-Import Bank (The),
Sr. Unsec’d. Notes
3.798 05/17/31   300 272,358
Arab Energy Fund (The),
Sr. Unsec’d. Notes, GMTN
2.660 03/28/28 CNH 25,000 3,730,608
Asian Infrastructure Investment Bank (The),
Sr. Unsec’d. Notes, GMTN
9.858(s) 05/04/43 MXN 20,000 209,186
Corp. Andina de Fomento,
Sr. Unsec’d. Notes
4.750 04/16/29 GBP 1,500 2,011,315
European Bank for Reconstruction & Development,
Sr. Unsec’d. Notes, EMTN^
1.400 02/06/29 THB 10,000 295,336
European Investment Bank,
Sr. Unsec’d. Notes, EMTN
1.000 02/25/28 PLN 3,985 1,012,067
Inter-American Development Bank,
Sr. Unsec’d. Notes, GMTN
5.500 05/08/31 PEN 1,000 289,417
International Bank for Reconstruction & Development,          
Sr. Unsec’d. Notes, EMTN 6.630 07/24/28 MXN 33,700 1,876,859
Sr. Unsec’d. Notes, EMTN 1.928(s) 04/23/32 AUD 8,758 4,543,710
International Finance Corp.,          
Sr. Unsec’d. Notes, GMTN 7.020 04/06/28 MXN 44,300 2,514,711
Sr. Unsec’d. Notes, GMTN 8.215(s) 01/27/37 MXN 78,000 1,693,937
          18,449,504
Switzerland 1.3%
UBS AG,
Sr. Unsec’d. Notes, EMTN
3.550 05/27/31 CNH 120,000 18,478,982
9
PGIM Global Total Return Fund

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Switzerland (cont’d.)
UBS Group AG,          
Sr. Unsec’d. Notes, 144A 1.494 %(ff) 08/10/27   13,125  $13,120,096
Sr. Unsec’d. Notes, 144A 3.091(ff) 05/14/32   1,925 1,746,986
          33,346,064
United Arab Emirates 1.0%
ADCB Finance Cayman Ltd.,          
Gtd. Notes, EMTN 8.160 04/29/29 IDR 30,000,000 1,644,191
Gtd. Notes, MTN 4.500 10/25/27 AUD 2,270 1,574,828
DP World Ltd.,          
Sr. Unsec’d. Notes 2.375 09/25/26 EUR 1,361 1,565,074
Sr. Unsec’d. Notes 4.250 09/25/30 GBP 4,740 6,025,797
Emirates NBD Bank PJSC,          
Sr. Unsec’d. Notes, EMTN 2.400 08/29/28 CNH 35,360 5,247,510
Sr. Unsec’d. Notes, EMTN 3.236 02/13/31 EUR 4,000 4,480,864
Sr. Unsec’d. Notes, EMTN 3.670 07/13/28 CNH 7,000 1,062,593
Sr. Unsec’d. Notes, EMTN 5.000 05/24/33 AUD 1,000 646,837
     
 
Emirates Telecommunications Group Co. PJSC,
Sr. Unsec’d. Notes, EMTN
0.875 05/17/33 EUR 1,200 1,147,071
First Abu Dhabi Bank PJSC,
Sr. Unsec’d. Notes, EMTN
3.120 02/20/31 EUR 705 785,980
          24,180,745
United Kingdom 1.0%
Barclays Bank PLC,          
Sr. Unsec’d. Notes, EMTN 2.750 09/24/29 CNH 17,000 2,567,317
Sr. Unsec’d. Notes, EMTN 3.600 04/30/27 CNH 12,000 1,801,646
     
 
Barclays PLC,
Sr. Unsec’d. Notes, MTN
5.244 06/15/28 AUD 1,000 700,807
Bellis Acquisition Co. PLC,          
Sr. Sec’d. Notes 8.000 07/01/31 EUR 1,230 1,367,647
Sr. Sec’d. Notes 8.125 05/14/30 GBP 1,063 1,337,773
Sr. Sec’d. Notes, 144A 8.000 07/01/31 EUR 1,625 1,814,770
     
 
Boots Group Finco LP,
Sr. Sec’d. Notes
5.375 08/31/32 EUR 225 264,178
Hammerson Ireland Finance DAC,
Gtd. Notes
1.750 06/03/27 EUR 6,897 7,857,618
HSBC Holdings PLC,
Sr. Unsec’d. Notes
2.804(ff) 05/24/32   2,400 2,145,457
Lloyds Bank PLC,
Sr. Unsec’d. Notes, EMTN
0.000 04/02/32   2,800 2,073,372
Lloyds Banking Group PLC,
Jr. Sub. Notes
6.413(ff) 10/01/35(oo)   120 124,679
Vmed O2 UK Financing I PLC,
Sr. Sec’d. Notes
5.625 04/15/32 EUR 4,675 4,663,356
          26,718,620
United States 19.6%
Aethon IV Newco LLC,
Sr. Unsec’d. Notes^(x)
0.000 09/30/31   1,550 1,550,000
Aflac, Inc.,          
Sr. Unsec’d. Notes 0.500 12/17/29 JPY 100,000 587,172
Sr. Unsec’d. Notes 0.830 03/12/35 JPY 100,000 503,969
Sr. Unsec’d. Notes 0.932 01/25/27 JPY 80,000 501,025
Sr. Unsec’d. Notes 1.159 10/18/30 JPY 700,000 4,140,145
Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s LP/Albertson’s LLC,          
Gtd. Notes, 144A 5.500 03/31/31   125 120,236
10

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
United States (cont’d.)
Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s LP/Albertson’s LLC, (cont’d.)          
Gtd. Notes, 144A 5.750 % 03/31/34   195  $181,304
Alphabet, Inc.,          
Sr. Unsec’d. Notes 4.625 11/13/32 GBP 5,600 7,268,934
Sr. Unsec’d. Notes 5.875 02/13/58 GBP 2,200 2,634,635
     
 
Altria Group, Inc.,
Gtd. Notes
3.125 06/15/31 EUR 2,900 3,259,515
American Honda Finance Corp.,          
Sr. Unsec’d. Notes 2.850 06/27/28 EUR 2,300 2,624,338
Sr. Unsec’d. Notes 3.500 06/27/31 EUR 6,600 7,477,229
     
 
American International Group, Inc.,
Sr. Unsec’d. Notes, MTN
2.137 11/27/34 JPY 150,000 845,197
Antero Midstream Partners LP/Antero Midstream Finance Corp.,
Gtd. Notes, 144A
5.375 06/15/29   1,250 1,246,185
Ascent Resources Utica Holdings LLC/ARU Finance Corp.,
Gtd. Notes, 144A
9.000 11/01/27   579 615,345
Ashland, Inc.,
Sr. Unsec’d. Notes, 144A
3.375 09/01/31   1,600 1,456,668
AT&T, Inc.,          
Sr. Unsec’d. Notes 3.950 04/30/31 EUR 6,500 7,549,236
Sr. Unsec’d. Notes, Series MPLE 4.850 05/25/47 CAD 150 96,933
Sr. Unsec’d. Notes, Series MPLE 5.100 11/25/48 CAD 4,575 3,031,779
Bank of America Corp.,          
Sr. Unsec’d. Notes 2.687(ff) 04/22/32   6,950 6,234,522
Sub. Notes, EMTN 8.125 06/02/28 GBP 500 706,250
     
 
Beazer Homes USA, Inc.,
Gtd. Notes
7.250 10/15/29   1,550 1,570,431
Becton Dickinson & Co.,
Gtd. Notes
3.828 06/07/32 EUR 2,300 2,652,613
Beignet Investor LLC,
Sr. Sec’d. Notes, 144A
6.581 05/30/49   11,754 11,366,509
Berkshire Hathaway, Inc.,          
Sr. Unsec’d. Notes 0.440 09/13/29 JPY 2,240,000 13,282,580
Sr. Unsec’d. Notes 0.787 09/13/34 JPY 100,000 512,546
Sr. Unsec’d. Notes 0.965 09/13/39 JPY 300,000 1,300,128
Sr. Unsec’d. Notes 2.422 11/29/35 JPY 200,000 1,157,160
     
 
Black Pearl Compute LLC,
Sr. Sec’d. Notes, 144A
6.125 02/15/31   1,220 1,217,766
Boeing Co. (The),          
Sr. Unsec’d. Notes 3.500 03/01/39   390 310,957
Sr. Unsec’d. Notes 5.805 05/01/50   3,760 3,549,484
     
 
Booking Holdings, Inc.,
Sr. Unsec’d. Notes
3.125 05/09/31 EUR 3,500 3,942,012
Brixmor Operating Partnership LP,
Sr. Unsec’d. Notes
2.500 08/16/31   1,880 1,660,609
Broadcom, Inc.,
Sr. Unsec’d. Notes(h)
3.419 04/15/33   3,405 3,008,188
Caledonia Generating LLC,
Sr. Sec’d. Notes, 144A
1.950 02/28/34   8,078 6,972,310
Carrier Global Corp.,
Sr. Unsec’d. Notes
4.500 11/29/32 EUR 3,000 3,591,136
Carrix, Inc.,
Sr. Sec’d. Notes, 144A
6.125 08/01/33   795 791,490
CCO Holdings LLC/CCO Holdings Capital Corp.,
Sr. Unsec’d. Notes, 144A(a)
4.250 02/01/31   723 640,098
Charter Communications Operating LLC/Charter Communications Operating Capital,
Sr. Sec’d. Notes
3.900 06/01/52   695 414,914
Chubb INA Holdings LLC,          
Gtd. Notes 2.500 08/06/30 CNH 10,000 1,503,173
11
PGIM Global Total Return Fund

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
United States (cont’d.)
Chubb INA Holdings LLC, (cont’d.)          
Gtd. Notes 2.750 % 08/06/35 CNH 17,500   $2,656,754
     
 
Cipher Compute LLC,
Sr. Sec’d. Notes, 144A
7.125 11/15/30   1,275 1,300,582
Citigroup Global Markets Holdings, Inc.,          
Gtd. Notes, GMTN 3.790 09/28/28 HKD 6,000 762,093
Gtd. Notes, MTN, SOFR + 0.100% 3.763(c) 10/20/57   885 883,844
Gtd. Notes, MTN, SOFR ICE SWAP 10Y Index + 0.000% (Cap N/A, Floor 0.000%) 4.314(c) 09/21/27   1,500 1,500,623
Citigroup, Inc.,          
Jr. Sub. Notes, Series GG 6.875(ff) 08/15/30(oo)   179 180,607
Sr. Unsec’d. Notes 2.561(ff) 05/01/32   6,600 5,879,797
Sr. Unsec’d. Notes 3.057(ff) 01/25/33   1,595 1,429,881
Sr. Unsec’d. Notes, EMTN 6.500 08/16/30 GBP 7 9,825
Sub. Notes 5.827(ff) 02/13/35   1,230 1,230,044
Cleveland-Cliffs, Inc.,          
Gtd. Notes, 144A 6.875 11/01/29   635 641,148
Gtd. Notes, 144A 7.375 05/01/33   395 399,102
     
 
Clue Opco LLC,
Sr. Sec’d. Notes, 144A
9.500 10/15/31   2,011 1,974,743
Columbia Pipelines Operating Co. LLC,
Sr. Unsec’d. Notes, 144A
6.036 11/15/33   2,040 2,104,161
Commercial Metals Co.,          
Sr. Unsec’d. Notes, 144A 5.750 11/15/33   225 221,220
Sr. Unsec’d. Notes, 144A 6.000 12/15/35   210 206,469
     
 
Constellation Energy Generation LLC,
Sr. Unsec’d. Notes
4.625 02/01/29   2,770 2,747,465
Core & Main LP,
Gtd. Notes, 144A
6.000 07/01/34   114 113,401
CoreWeave, Inc.,
Gtd. Notes, 144A
9.250 06/01/30   430 403,407
DaVita, Inc.,          
Gtd. Notes, 144A 3.750 02/15/31   1,125 1,038,200
Gtd. Notes, 144A 4.625 06/01/30   1,125 1,084,030
     
 
DCLI Bidco LLC,
Second Mortgage, 144A
7.750 11/15/29   425 436,839
Discovery Global Holdings, Inc.,
Gtd. Notes
4.054 03/15/29   30 29,447
DISH DBS Corp.,          
Gtd. Notes 5.125 06/01/29(d)   500 452,761
Gtd. Notes 7.375 07/01/28(d)   250 239,552
Energy Transfer LP,          
Jr. Sub. Notes, Series G 7.125(ff) 05/15/30(oo)   7,800 7,989,648
Jr. Sub. Notes, Series H 6.500(ff) 08/17/26(oo)   5,045 5,047,296
Sr. Unsec’d. Notes 5.400 10/01/47   2,200 1,917,385
Sr. Unsec’d. Notes 6.000 06/15/48   2,350 2,194,820
     
 
Expand Energy Corp.,
Gtd. Notes
5.375 02/01/29   2,000 1,999,274
Fidelity National Information Services, Inc.,
Sr. Unsec’d. Notes
1.500 05/21/27 EUR 5,600 6,375,791
Fifth Third Bancorp,
Sr. Unsec’d. Notes, 144A
5.982(ff) 01/30/30   2,792 2,856,068
Fortive Corp.,
Sr. Unsec’d. Notes
3.700 08/15/29 EUR 3,850 4,457,749
GC Homes Issuer PLC,
Local Gov’t. Gtd. Notes^
6.716(cc) 07/28/60 GBP 1,011 1,400,549
General Electric Co.,
Sr. Unsec’d. Notes, Series A, MTN, H15N030D + (0.300)% (Cap N/A, Floor 0.000%)
3.390(c) 10/16/38   400 398,314
Global Payments, Inc.,
Sr. Unsec’d. Notes
4.875 03/17/31 EUR 700 825,088
12

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
United States (cont’d.)
     
Goldman Sachs Finance Corp. International Ltd.,
Gtd. Notes, EMTN
2.450 % 04/29/31 CNH 6,000  $893,836
Goldman Sachs Group, Inc. (The),          
Jr. Sub. Notes, Series U 3.650(ff) 08/10/26(oo)   11,370 11,359,884
Sr. Unsec’d. Notes 1.992(ff) 01/27/32   2,450 2,135,573
Sr. Unsec’d. Notes 2.383(ff) 07/21/32   1,770 1,546,648
Sr. Unsec’d. Notes 2.615(ff) 04/22/32   9,660 8,594,249
Sr. Unsec’d. Notes 4.500 05/16/28 AUD 530 367,158
Sr. Unsec’d. Notes, EMTN 1.000 08/16/32 JPY 200,000 1,129,217
Sr. Unsec’d. Notes, EMTN 1.300 03/22/30 JPY 10,000 59,593
Sr. Unsec’d. Notes, EMTN, EURIBOR ICE SWAP 11:00 Fft 20Y Index + 0.000% (Cap 12.000%, Floor 5.220%)^ 5.220(c) 08/24/30 EUR 5,000 5,902,975
     
 
Greystone Commercial Capital Trust,
Sr. Unsec’d. Notes, Series A, 144A, 1 Month SOFR + 3.150%^(x)
7.230(c) 05/31/26(d)   19,080 16,980,939
HCA, Inc.,          
Gtd. Notes 7.500 11/06/33   2,000 2,210,753
Gtd. Notes, MTN 7.750 07/15/36   2,000 2,224,955
Herc Holdings, Inc.,          
Gtd. Notes, 144A 5.750 03/15/31   765 757,712
Gtd. Notes, 144A(a) 6.000 03/15/34   145 142,363
     
 
Hilcorp Energy I LP/Hilcorp Finance Co.,
Sr. Unsec’d. Notes, 144A
8.375 11/01/33   775 813,254
Housing & Urban Development Corp. Ltd. AID Bond,
U.S. Gov’t. Gtd. Notes, 6 Month SOFR + 0.035%
4.717(c) 09/15/30   400 406,758
Hunt Cos., Inc.,
Sr. Sec’d. Notes, 144A
5.250 04/15/29   3,975 3,884,120
International Business Machines Corp.,
Sr. Unsec’d. Notes
3.000 02/03/31 EUR 4,100 4,591,312
Johnsonville Aeroderivative Combustion Turbine Generation LLC,
Sr. Sec’d. Notes
5.078 10/01/54   270 245,427
JPMorgan Chase Bank NA,
Sr. Unsec’d. Notes
4.762(s) 03/17/48 ITL(jj) 29,800,000 5,109,291
JPMorgan Chase Financial Co. LLC,          
Gtd. Notes, EMTN 3.330 08/31/26 CNH 14,000 2,073,467
Gtd. Notes, EMTN 3.500 07/27/28 CNH 38,000 5,799,387
     
 
KB Home,
Gtd. Notes
6.875 06/15/27   1,650 1,660,931
Kraft Heinz Foods Co.,
Gtd. Notes
4.875 10/01/49   15 12,112
Lamb Weston Holdings, Inc.,          
Gtd. Notes, 144A 4.125 01/31/30   75 71,455
Gtd. Notes, 144A 4.375 01/31/32   1,650 1,546,700
Level 3 Financing, Inc.,          
Gtd. Notes, 144A 7.500 02/15/37   380 377,259
Sr. Sec’d. Notes, 144A 7.000 03/31/34   1,800 1,832,158
     
 
Liberty Mutual Group, Inc.,
Gtd. Notes, 144A
3.951 10/15/50   90 63,762
LifePoint Health, Inc.,
Gtd. Notes, 144A
5.375 01/15/29   3,000 2,851,435
Maple Parent Holdings Corp.,
Gtd. Notes, 144A
3.881 03/26/30 EUR 4,100 4,721,304
Medline Borrower LP,
Sr. Sec’d. Notes, 144A
3.875 04/01/29   1,800 1,742,572
Medtronic Global Holdings SCA,
Gtd. Notes
1.750 07/02/49 EUR 2,100 1,418,676
Medtronic, Inc.,          
Gtd. Notes 2.950 10/15/30 EUR 9,000 10,162,441
Gtd. Notes 3.650 10/15/29 EUR 11,300 13,143,452
     
 
13
PGIM Global Total Return Fund

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
United States (cont’d.)
     
Meridian Arc Holdco LLC,
Sr. Sec’d. Notes, 144A
6.250 % 04/30/31   1,765  $1,696,615
Meta Platforms, Inc.,
Sr. Unsec’d. Notes
6.450 05/15/66   570 521,780
MetLife, Inc.,          
Sr. Unsec’d. Notes 0.769 05/23/29 JPY 600,000 3,606,235
Sr. Unsec’d. Notes 1.415 03/07/31 JPY 700,000 4,131,410
     
 
Morgan Guaranty Trust Co.,
Sr. Unsec’d. Notes
1.146(s) 01/21/27 ITL(jj) 2,275,000 1,330,764
Morgan Stanley,          
Jr. Sub. Notes, Series M 5.875(cc) 09/15/26(oo)   300 293,969
Sr. Unsec’d. Notes, EMTN 0.000 04/02/32   22,400 16,436,000
Sr. Unsec’d. Notes, EMTN 0.500(cc) 06/26/43 MXN 16,700 174,981
Sr. Unsec’d. Notes, EMTN 0.500(cc) 09/25/43 MXN 33,900 344,248
Sr. Unsec’d. Notes, EMTN 7.500 12/15/27 MXN 33,300 1,907,066
Sr. Unsec’d. Notes, EMTN 5.632(s) 10/05/26 IDR 2,000,000 109,531
Sr. Unsec’d. Notes, EMTN 7.118(s) 06/28/27 MXN 27,000 1,443,889
Sr. Unsec’d. Notes, EMTN 7.926(s) 04/05/32 MXN 71,000 2,316,956
Sr. Unsec’d. Notes, EMTN 7.950(s) 11/07/31 MXN 56,000 1,914,743
Sr. Unsec’d. Notes, GMTN(a) 1.875 03/06/30 EUR 1,100 1,181,049
Sr. Unsec’d. Notes, GMTN 3.749(ff) 11/07/36 EUR 8,200 9,099,885
Morgan Stanley Finance LLC,          
Gtd. Notes, EMTN 3.100 03/08/28 CNH 5,000 753,200
Gtd. Notes, EMTN 3.460 08/10/28 CNH 2,000 304,598
     
 
Nestle Finance International Ltd.,
Gtd. Notes, EMTN
2.800 05/29/35 CNH 28,000 4,290,046
Newell Brands, Inc.,          
Sr. Unsec’d. Notes(a) 6.375 05/15/30   315 318,247
Sr. Unsec’d. Notes(a) 6.625 05/15/32   185 187,012
     
 
NRG Energy, Inc.,
Jr. Sub. Notes, 144A
10.250(ff) 03/15/28(oo)   650 693,205
OneMain Finance Corp.,
Gtd. Notes
4.000 09/15/30   1,500 1,376,294
ONEOK, Inc.,
Gtd. Notes
6.050 09/01/33   5,600 5,774,152
Oracle Corp.,          
Sr. Unsec’d. Notes 5.875 09/26/45   680 558,801
Sr. Unsec’d. Notes(a) 6.700 02/04/56   1,190 1,050,420
     
 
Organon & Co./Organon Foreign Debt Co-Issuer BV,
Sr. Unsec’d. Notes, 144A
5.125 04/30/31   525 519,971
PR RNO Property Owner 1 LLC,
Sr. Sec’d. Notes, 144A
6.500 05/01/31   865 813,675
Prologis LP,          
Sr. Unsec’d. Notes 3.250 09/11/29 CNH 63,660 9,636,654
Sr. Unsec’d. Notes 3.500 02/06/27 CNH 26,000 3,866,280
Prologis Yen Finance LLC,          
Gtd. Notes 0.885 06/27/36 JPY 300,000 1,416,477
Gtd. Notes 0.972 09/25/28 JPY 700,000 4,260,395
Gtd. Notes 1.003 06/24/32 JPY 1,500,000 8,232,637
Gtd. Notes 1.222 06/22/35 JPY 200,000 1,009,395
Realty Income Corp.,          
Sr. Unsec’d. Notes 3.375 06/20/31 EUR 6,600 7,452,454
Sr. Unsec’d. Notes 4.875 07/06/30 EUR 4,400 5,275,585
Sr. Unsec’d. Notes 5.000 10/15/29 GBP 6,300 8,441,858
     
 
Rocket Cos., Inc.,
Gtd. Notes, 144A
6.125 08/01/31   685 688,093
Sally Holdings LLC/Sally Capital, Inc.,
Gtd. Notes
6.750 04/01/32   285 290,681
14

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
United States (cont’d.)
     
Solaris Energy Infrastructure LLC,
Gtd. Notes, 144A
6.375 % 05/15/31   1,240  $1,217,857
Sopaipilla Investor LLC,
Sr. Sec’d. Notes, 144A
7.534 11/30/48   4,040 4,188,888
Southaven Combined Cycle Generation LLC,
Sec’d. Notes
3.846 08/15/33   73 69,925
Space Exploration Technologies Corp.,
Sr. Unsec’d. Notes, 144A
5.350 07/15/31   2,780 2,706,583
Starwood Property Trust, Inc.,
Sr. Unsec’d. Notes, 144A
5.875 08/15/29   950 952,736
SV RNO Property Owner 1 LLC,
Sr. Sec’d. Notes, 144A
5.875 03/01/31   1,350 1,255,253
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.,
Gtd. Notes, 144A
5.500 01/15/28   2,075 2,073,010
Taylor Morrison Communities, Inc.,          
Gtd. Notes, 144A 5.125 08/01/30   150 149,667
Gtd. Notes, 144A 5.750 01/15/28   2,723 2,750,207
Gtd. Notes, 144A 5.750 11/15/32   180 184,340
Tenet Healthcare Corp.,          
Sr. Sec’d. Notes 4.375 01/15/30   675 650,899
Sr. Sec’d. Notes 4.625 06/15/28   275 272,395
Sr. Sec’d. Notes 5.125 11/01/27   280 279,833
     
 
Tenneco, Inc.,
Sr. Sec’d. Notes, 144A
8.000 11/17/28   2,325 2,331,191
Time Warner Cable Enterprises LLC,
Sr. Sec’d. Notes
8.375 07/15/33   2,065 2,250,434
Time Warner Cable LLC,
Sr. Sec’d. Notes
6.550 05/01/37   20 19,001
Tote Shipholdings LLC,
U.S. Gov’t. Gtd. Notes
3.400 10/16/40   91 77,957
Transocean International Ltd.,          
Gtd. Notes, 144A 8.250 05/15/29   130 133,641
Gtd. Notes, 144A 8.500 05/15/31   830 865,026
     
 
U.S. Bancorp,
Jr. Sub. Notes(a)
3.700(ff) 01/15/27(oo)   18,150 17,972,196
U.S. Bank NA,
Sr. Unsec’d. Notes, 3 Month SOFR + 0.012%
3.659(c) 08/09/47   3,414 3,381,948
United Airlines Holdings, Inc.,
Gtd. Notes
4.875 03/01/29   1,230 1,211,490
United Airlines, Inc.,
Sr. Sec’d. Notes, 144A
4.625 04/15/29   950 933,428
United Rentals North America, Inc.,
Gtd. Notes
4.875 01/15/28   1,190 1,185,320
Venture Global LNG, Inc.,
Jr. Sub. Notes, 144A
9.000(ff) 09/30/29(oo)   1,315 1,306,210
Venture Global Plaquemines LNG LLC,          
Sr. Sec’d. Notes, 144A 6.750 01/15/36   725 759,039
Sr. Sec’d. Notes, 144A 7.750 05/01/35   240 265,699
Verizon Communications, Inc.,          
Sr. Unsec’d. Notes 2.500 04/08/31 GBP 1,400 1,662,350
Sr. Unsec’d. Notes, MTN 2.650 05/06/30 AUD 1,600 1,017,883
Sr. Unsec’d. Notes, MTN 3.000 03/23/31 AUD 1,000 628,338
Sr. Unsec’d. Notes, Series MPLE 4.050 03/22/51 CAD 3,200 1,812,371
     
 
Viatris, Inc.,
Gtd. Notes
3.850 06/22/40   4,410 3,372,623
VICI Properties LP/VICI Note Co., Inc.,
Gtd. Notes, 144A
4.250 12/01/26   4,000 3,997,385
Vistra Corp.,          
Jr. Sub. Notes, 144A 7.000(ff) 12/15/26(oo)   2,650 2,662,015
15
PGIM Global Total Return Fund

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
United States (cont’d.)
Vistra Corp., (cont’d.)          
Jr. Sub. Notes, 144A 8.000 %(ff) 10/15/26(oo)   3,700   $3,710,254
     
 
Waste Connections, Inc.,
Sr. Unsec’d. Notes
4.550 09/04/36 CAD 1,139 804,698
Wells Fargo & Co.,          
Sr. Unsec’d. Notes 4.000 04/27/27 AUD 4,198 2,930,262
Sr. Unsec’d. Notes, MTN 2.572(ff) 02/11/31   7,890 7,266,701
Sr. Unsec’d. Notes, MTN 3.350(ff) 03/02/33   4,410 4,010,304
WESCO Distribution, Inc.,          
Gtd. Notes, 144A 5.250 04/15/31   220 216,459
Gtd. Notes, 144A 5.500 04/15/34   155 150,919
     
 
WPC Eurobond BV,
Gtd. Notes
0.950 06/01/30 EUR 9,950 10,332,072
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.,
Gtd. Notes, 144A
7.125 02/15/31   820 859,083
XPO, Inc.,
Gtd. Notes, 144A(a)
7.125 02/01/32   735 758,926
          501,651,893
Venezuela 0.1%
Petroleos de Venezuela SA,
Sr. Sec’d. Notes
8.500 10/27/20(d)   1,388 1,483,772
     
 
Total Corporate Bonds
(cost $1,122,891,213)
1,074,718,272
Floating Rate and Other Loans 1.0%
Costa Rica 0.0%
Costa Rica Titulos de Propiedad,
Term Loan
5.950 04/27/33   500 603,386
Luxembourg 0.1%
HPS Speciality Loan Fund VI GP,          
Term Loan, 3 Month SOFR + 2.000%^ 5.732(c) 09/30/34   187 187,026
Term Loan, 3 Month SOFR + 3.200%^ 6.932(c) 09/30/34   431 430,964
HPS Speciality Loan Fund VI IM,          
Term Loan, 3 Month SOFR + 2.000%^ 5.732(c) 09/29/34   281 280,539
Term Loan, 3 Month SOFR + 3.200%^ 6.932(c) 09/29/34   646 646,446
          1,544,975
Netherlands 0.1%
International Park Holdings BV,
2025 Facility B, 6 Month EURIBOR + 5.500%^
8.096(c) 01/30/32 EUR 2,525 2,894,983
Panama 0.1%
Republic of Panama,
Term Loan^
—(p) 07/28/31   3,000 3,448,034
United Kingdom 0.2%
International Schools Partnership,
Facility B5 (USD II), 3 Month SOFR + 4.500%^
8.263(c) 07/06/31   2,574 2,538,149
The Boots Group,
Closing Date Sterling Term Loan, SONIA + 4.500%
8.231(c) 08/31/32 GBP 1,200 1,625,095
          4,163,244
16

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Floating Rate and Other Loans (Continued)
United States 0.5%
Anewhealth,          
Term Loan^ — %(p) 06/23/33   665  $665,007
Term Loan^ —(p) 06/23/33   78 78,236
     
 
CloudHQ VA B1,
Term Loan, 1 Month SOFR + 2.250%^
5.890(c) 01/29/30   2,749 2,732,814
CloudHQ VA B2 Quick,
Term Loan, 1 Month SOFR + 2.250%^
5.890(c) 03/06/30   1,046 1,039,858
CloudHQ VA B3 Quick,
Term Loan, 1 Month SOFR + 2.250%^
5.890(c) 03/06/30   776 768,446
Constellation Automotive Group Ltd.,          
Term Loan^ —(p) 03/21/31   412 555,273
Term Loan^ —(p) 03/21/31   2,345 2,703,814
     
 
Diamond Sports Net LLC,
First Lien Exit Term Loan
12.000 01/03/28   224 39,286
Domain Greenbough Partner 2 LLC,
Term Loan^
—(p) 01/23/32   727 725,037
Radiate Holdco LLC,
First Out Term Loan, 1 Month SOFR + 5.114%
8.845(c) 09/25/29   2,108 1,874,114
Vantage Oracle TX,
Term Loan, 1 Month SOFR + 2.500%^
6.120(c) 04/30/30   586 572,144
Vantage Oracle WI,
Term Loan, 1 Month SOFR + 2.500%^
6.080(c) 04/15/30   397 396,676
          12,150,705
     
 
Total Floating Rate and Other Loans
(cost $24,521,449)
24,805,327
Municipal Bonds 0.2%
Louisiana 0.0%
Plaquemines Port Harbor & Terminal District,
Taxable, Revenue Bonds, Series B(x)
12.000 12/01/34   4,900 1,151,798
Wisconsin 0.2%
Public Finance Authority,
Taxable, Revenue Bonds, Series C
9.250 09/01/55   5,050 4,670,375
     
 
Total Municipal Bonds
(cost $8,310,757)
        5,822,173
Residential Mortgage-Backed Securities 1.1%
United States 
CIM Trust,
Series 2024-R01, Class A1, 144A
4.750(cc) 06/25/64   641 624,792
Connecticut Avenue Securities Trust,          
Series 2021-R01, Class 1B1, 144A, 30 Day Average SOFR + 3.100% (Cap N/A, Floor 0.000%) 6.716(c) 10/25/41   1,000 1,004,672
Series 2021-R01, Class 1M2, 144A, 30 Day Average SOFR + 1.550% (Cap N/A, Floor 0.000%) 5.166(c) 10/25/41   47 47,293
Series 2021-R02, Class 2B1, 144A, 30 Day Average SOFR + 3.300% (Cap N/A, Floor 0.000%) 6.916(c) 11/25/41   260 261,826
Series 2022-R01, Class 1B1, 144A, 30 Day Average SOFR + 3.150% (Cap N/A, Floor 0.000%) 6.766(c) 12/25/41   340 341,489
Series 2022-R04, Class 1M2, 144A, 30 Day Average SOFR + 3.100% (Cap N/A, Floor 0.000%) 6.716(c) 03/25/42   1,200 1,214,937
Series 2024-R05, Class 2M2, 144A, 30 Day Average SOFR + 1.700% (Cap N/A, Floor 0.000%) 5.316(c) 07/25/44   164 164,417
FHLMC Structured Agency Credit Risk REMIC Trust,          
Series 2020-HQA05, Class B1, 144A, 30 Day Average SOFR + 4.000% (Cap N/A, Floor 0.000%) 7.616(c) 11/25/50   595 645,575
Series 2021-DNA05, Class M2, 144A, 30 Day Average SOFR + 1.650% (Cap N/A, Floor 0.000%) 5.266(c) 01/25/34   217 216,922
Series 2021-DNA06, Class B1, 144A, 30 Day Average SOFR + 3.400% (Cap N/A, Floor 0.000%) 7.016(c) 10/25/41   320 321,692
Series 2021-DNA06, Class M2, 144A, 30 Day Average SOFR + 1.500% (Cap N/A, Floor 0.000%) 5.116(c) 10/25/41   67 66,987
Series 2021-DNA07, Class M2, 144A, 30 Day Average SOFR + 1.800% (Cap N/A, Floor 0.000%) 5.416(c) 11/25/41   814 816,373
17
PGIM Global Total Return Fund

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Residential Mortgage-Backed Securities (Continued)
United States (cont’d.)
FHLMC Structured Agency Credit Risk REMIC Trust, (cont’d.)          
Series 2021-HQA03, Class B1, 144A, 30 Day Average SOFR + 3.350% (Cap N/A, Floor 0.000%) 6.966 %(c) 09/25/41   150  $150,470
Series 2021-HQA03, Class M2, 144A, 30 Day Average SOFR + 2.100% (Cap N/A, Floor 0.000%) 5.716(c) 09/25/41   3,350 3,355,226
Series 2021-HQA04, Class M2, 144A, 30 Day Average SOFR + 2.350% (Cap N/A, Floor 0.000%) 5.966(c) 12/25/41   2,350 2,361,021
Series 2022-DNA01, Class M2, 144A, 30 Day Average SOFR + 2.500% (Cap N/A, Floor 0.000%) 6.116(c) 01/25/42   100 100,625
     
 
Freddie Mac REMIC,
Series 4166, Class IO, IO
3.500 02/15/43   3,036 458,187
LHOME Mortgage Trust,
Series 2024-RTL04, Class A1, 144A
5.921(cc) 07/25/39   1,500 1,501,889
New Residential Mortgage Loan Trust,
Series 2018-04A, Class A1S, 144A, 1 Month SOFR + 0.864% (Cap N/A, Floor 0.750%)
4.589(c) 01/25/48   263 259,711
PMT Credit Risk Transfer Trust,          
Series 2024-01R, Class A, 144A, 30 Day Average SOFR + 3.500% (Cap N/A, Floor 0.000%) 7.116(c) 05/25/33   4,865 4,895,004
Series 2024-02R, Class A, 144A, 30 Day Average SOFR + 3.350% (Cap N/A, Floor 0.000%) 6.968(c) 03/29/27   4,485 4,511,163
Series 2024-03R, Class A, 144A, 30 Day Average SOFR + 3.100% (Cap N/A, Floor 0.000%) 6.718(c) 09/27/28   3,834 3,875,107
     
 
Total Residential Mortgage-Backed Securities
(cost $26,881,797)
27,195,378
Sovereign Bonds 35.9%
Andorra 0.2%
Andorra International Bond,          
Sr. Unsec’d. Notes, EMTN 1.250 02/23/27 EUR 700 799,391
Sr. Unsec’d. Notes, EMTN 1.250 05/06/31 EUR 400 415,097
Sr. Unsec’d. Notes, EMTN 1.700 10/13/41 EUR 4,900 3,965,532
          5,180,020
Argentina 0.1%
Argentine Republic Government International Bond,          
Bonds 4.330 12/31/33(d) JPY 389,411 440,552
Sr. Unsec’d. Notes 0.500 07/09/29 EUR 173 178,940
Sr. Unsec’d. Notes 0.670(cc) 12/31/38(d) JPY 1,637,456 1,543,750
Sr. Unsec’d. Notes 0.670(cc) 12/31/38(d) JPY 70,829 69,024
Sr. Unsec’d. Notes 0.670(cc) 12/31/38 JPY 1,812 1,778
Sr. Unsec’d. Notes 4.330 12/31/33 JPY 48,663 55,054
          2,289,098
Australia 0.1%
Northern Territory Treasury Corp.,
Local Gov’t. Gtd. Notes
5.750 04/21/37 AUD 2,000 1,382,668
Austria 0.1%
Republic of Austria Government International Bond,
Sr. Unsec’d. Notes, Series 30Y, 144A, MTN
5.375 12/01/34 CAD 2,349 1,825,529
Belize 0.1%
Platinum for Belize Blue Investment Co. LLC,
Sec’d. Notes
4.470 10/20/40   3,450 2,977,937
Bermuda 0.0%
Bermuda Government International Bond,
Sr. Unsec’d. Notes
5.000 07/15/32   575 568,244
Brazil 0.8%
Brazil Minas SPE via State of Minas Gerais,
Gov’t. Gtd. Notes
5.333 02/15/28   8,365 8,369,535
18

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Brazil (cont’d.)
Brazilian Government International Bond,          
Sr. Unsec’d. Notes 4.000 % 04/23/30 EUR 1,095  $1,249,794
Sr. Unsec’d. Notes 4.875 04/23/33 EUR 3,355 3,793,376
Sr. Unsec’d. Notes 5.500 04/23/36 EUR 3,830 4,352,083
Sr. Unsec’d. Notes 8.250 01/20/34   1,460 1,629,521
Sr. Unsec’d. Notes 10.250 01/10/28 BRL 2,890 559,682
          19,953,991
Bulgaria 0.4%
Bulgaria Government International Bond,
Sr. Unsec’d. Notes, GMTN
3.125 03/26/35 EUR 8,212 8,925,067
Canada 0.7%
Canadian Government Bond,
Bonds
4.000 06/01/41 CAD 650 472,713
Canadian Government Real Return Bond,
Bonds
0.250 12/01/54 CAD 243 110,362
City of Montreal,
Sr. Unsec’d. Notes
3.900 09/01/35 CAD 4,000 2,792,966
City of Toronto,
Unsec’d. Notes
3.250 06/24/46 CAD 3,000 1,682,534
Province of Alberta,
Unsec’d. Notes
3.050 12/01/48 CAD 3,500 1,886,807
Province of British Columbia,
Unsec’d. Notes
2.800 06/18/48 CAD 3,000 1,542,640
Province of Manitoba,
Unsec’d. Notes
3.200 03/05/50 CAD 3,000 1,632,136
Province of Nova Scotia,
Unsec’d. Notes
3.450 06/01/45 CAD 3,000 1,771,131
Province of Quebec,
Unsec’d. Notes, MTN
4.562(s) 10/01/39 CAD 8,000 3,082,441
Province of Saskatchewan,
Unsec’d. Notes
3.300 06/02/48 CAD 3,500 1,990,682
          16,964,412
Chile 0.2%
Bonos de la Tesoreria de la Republica,
Bonds
2.000 03/01/35 CLP 5 210,360
Bonos de la Tesoreria de la Republica en pesos,
Bonds
5.000 03/01/35 CLP 505,000 519,578
Chile Government International Bond,          
Sr. Unsec’d. Notes 1.440 02/01/29 EUR 1,884 2,065,255
Sr. Unsec’d. Notes 3.875 07/09/31 EUR 200 231,527
Sr. Unsec’d. Notes 4.375 08/03/38 EUR 2,200 2,502,707
          5,529,427
China 2.7%
China Government Bond,          
Sr. Unsec’d. Notes 2.390 03/15/29 CNH 500 76,019
Sr. Unsec’d. Notes 3.480 06/29/27 CNH 2,000 302,018
Sr. Unsec’d. Notes 3.600 05/21/30 CNH 21,500 3,440,635
Sr. Unsec’d. Notes 3.900 07/04/36 CNH 16,000 2,833,990
Sr. Unsec’d. Notes 3.950 06/29/43 CNH 71,500 13,091,941
Sr. Unsec’d. Notes 4.000 11/30/35 CNH 81,500 14,433,403
Sr. Unsec’d. Notes 4.100 05/21/45 CNH 62,000 11,709,570
Sr. Unsec’d. Notes 4.150 12/12/31 CNH 41,500 6,977,704
Sr. Unsec’d. Notes 4.290 05/22/29 CNH 3,500 560,468
19
PGIM Global Total Return Fund

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
China (cont’d.)
China Government Bond, (cont’d.)          
Sr. Unsec’d. Notes 4.400 % 12/12/46 CNH 49,000  $9,709,431
Sr. Unsec’d. Notes 4.500 05/22/34 CNH 24,000 4,290,124
     
 
Export-Import Bank of China (The),
Sr. Unsec’d. Notes
4.150 06/18/27 CNH 4,000 606,346
          68,031,649
Colombia 1.4%
Colombia Government International Bond,          
Sr. Unsec’d. Notes 3.750 09/19/28 EUR 9,300 10,631,744
Sr. Unsec’d. Notes 5.000 09/19/32 EUR 2,450 2,772,725
Sr. Unsec’d. Notes 5.625 02/19/36 EUR 3,690 4,138,406
Sr. Unsec’d. Notes 8.000 04/20/33   1,600 1,725,328
Sr. Unsec’d. Notes 8.375 02/15/27   7,474 7,558,531
Sr. Unsec’d. Notes 9.850 06/28/27 COP 23,612,000 7,413,784
Sr. Unsec’d. Notes 11.850 03/09/28   1,000 1,096,590
          35,337,108
Costa Rica 0.1%
Costa Rica Government International Bond,          
Bonds, 144A 5.500 11/21/30 EUR 1,250 1,488,945
Sr. Unsec’d. Notes 6.550 04/03/34   1,000 1,048,880
          2,537,825
Cyprus 0.4%
Cyprus Government International Bond,          
Sr. Unsec’d. Notes, EMTN 1.250 01/21/40 EUR 7,550 6,553,132
Sr. Unsec’d. Notes, EMTN 2.250 04/16/50 EUR 2,000 1,691,948
Sr. Unsec’d. Notes, EMTN 2.750 05/03/49 EUR 3,000 2,825,609
          11,070,689
Czech Republic 0.2%
Czech Republic Government Bond,
Sr. Unsec’d. Notes, Series 103
2.000 10/13/33 CZK 115,000 4,552,398
Denmark 0.1%
Denmark Government Bond,          
Bonds 0.100 11/15/34 DKK 1,045 147,135
Bonds, Series 10Y 0.500 11/15/27 DKK 12,110 1,823,300
Bonds, Series 10Y 0.500 11/15/29 DKK 4,300 619,772
Bonds, Series 31Y 4.500 11/15/39 DKK 1,800 317,108
Bonds, Series 32Y 0.250 11/15/52 DKK 5,000 361,701
          3,269,016
Dominican Republic 0.2%
Dominican Republic International Bond,          
Sr. Unsec’d. Notes 4.875 09/23/32   1,000 936,910
Sr. Unsec’d. Notes 5.875 10/28/35   3,800 3,668,178
          4,605,088
Ecuador 0.5%
Amazon Conservation DAC,          
Sr. Sec’d. Notes 6.034 01/16/42   2,770 2,748,961
Sr. Sec’d. Notes, 144A 6.034 01/16/42   9,000 8,931,641
20

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Ecuador (cont’d.)
Ecuador Government International Bond,          
Sr. Unsec’d. Notes 5.500 %(cc) 07/31/40   452  $325,443
Sr. Unsec’d. Notes 5.500(cc) 07/31/40   221 158,785
Sr. Unsec’d. Notes 5.500(cc) 07/31/40   252 181,094
Sr. Unsec’d. Notes, Series S22 5.500(cc) 07/31/40   182 131,227
     
 
Ecuador Social Bond Sarl,
Gov’t. Gtd. Notes^
0.350 01/30/35   15,840 275,616
GPS Blue Financing DAC,
Sec’d. Notes
5.645 11/09/41   240 229,848
          12,982,615
Egypt 0.2%
Egypt Government International Bond,
Sr. Unsec’d. Notes, EMTN
5.625 04/16/30 EUR 4,700 5,333,088
Finland 0.1%
Kuntarahoitus OYJ,
Local Gov’t. Gtd. Notes, EMTN
3.050 09/24/32 SEK 13,000 1,344,770
France 2.1%
Agence France Locale,
Gtd. Notes, EMTN
3.125 03/20/34 EUR 2,300 2,528,260
Bpifrance SACA,          
Gtd. Notes, EMTN 0.625 07/22/31 EUR 1,500 1,507,611
Gtd. Notes, EMTN 3.375 11/25/32 EUR 3,900 4,420,337
Gtd. Notes, EMTN 3.375 05/25/34 EUR 6,800 7,585,711
     
 
Caisse Francaise de Financement Local SA,
Covered Bonds, EMTN
4.680 03/09/29 CAD 28,712 20,580,844
French Republic Government Bond OAT,          
Bonds, Series OAT, 144A 0.500 05/25/72 EUR 100 27,583
Bonds, Series OATe, 144A 0.100 07/25/38 EUR 124 114,641
Bonds, Series OATi, 144A 0.550 03/01/39 EUR 108 101,520
     
 
Ile-de-France Mobilites,
Sr. Unsec’d. Notes, EMTN
0.950 02/16/32 EUR 1,400 1,404,843
Region of Ile de France,
Sr. Unsec’d. Notes, EMTN
2.900 04/30/31 EUR 1,700 1,917,362
SFIL SA,
Sr. Unsec’d. Notes, EMTN
2.875 01/22/31 EUR 9,100 10,239,928
Societe Des Grands Projets EPIC,
Sr. Unsec’d. Notes, EMTN
0.000 11/25/30 EUR 1,000 1,000,658
Ville de Paris,
Sr. Unsec’d. Notes, EMTN
1.750 05/25/31 EUR 2,800 2,984,721
          54,414,019
Gabon 0.3%
Gabon Blue Bond Master Trust 2,
Insured Notes
6.097 08/01/38   7,715 7,572,118
Germany 0.0%
Deutsche Bundesrepublik Inflation-Linked Bond,
Bonds
0.100 04/15/46 EUR 134 118,730
State of North Rhine-Westphalia,
Sr. Unsec’d. Notes, EMTN
7.500 06/08/27 MXN 500 28,700
          147,430
21
PGIM Global Total Return Fund

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Greece 3.5%
Hellenic Republic Government Bond,          
Bonds 4.300 % 02/24/27 EUR 99  $114,456
Bonds 4.300 02/24/28 EUR 64 74,807
Bonds 4.300 02/24/29 EUR 194 226,336
Bonds 4.300 02/24/30 EUR 501 580,793
Bonds 4.300 02/24/31 EUR 169 195,650
Bonds 4.300 02/24/32 EUR 158 183,356
Bonds 4.300 02/24/33 EUR 46 52,524
Bonds 4.300 02/24/34 EUR 95 108,198
Bonds 4.300 02/24/35 EUR 199 226,866
Bonds 4.300 02/24/36 EUR 131 150,356
Bonds 4.300 02/24/37 EUR 157 164,796
Bonds 4.300 02/24/38 EUR 268 304,187
Bonds 4.300 02/24/39 EUR 319 360,422
Bonds 4.300 02/24/40 EUR 378 424,432
Bonds 4.300 02/24/41 EUR 300 335,301
Bonds 4.300 02/24/42 EUR 923 1,042,907
Sr. Unsec’d. Notes, 144A 1.875 02/04/35 EUR 60,000 59,893,458
Sr. Unsec’d. Notes, 144A 1.875 01/24/52 EUR 7,585 5,290,319
Hellenic Republic Government International Bond,          
Sr. Unsec’d. Notes 5.200 07/17/34 EUR 10,199 12,422,551
Sr. Unsec’d. Notes 6.140 04/14/28 EUR 5,400 6,457,409
          88,609,124
Guatemala 0.1%
Guatemala Government Bond,          
Sr. Unsec’d. Notes 8.125 10/06/34   2,000 2,268,000
Sr. Unsec’d. Notes, 144A 6.250 08/15/36   1,000 1,013,500
          3,281,500
Hong Kong 0.1%
Hong Kong Government International Bond,
Sr. Unsec’d. Notes, GMTN
3.300 06/07/33 CNH 22,000 3,596,407
Hungary 0.7%
Hungary Government Bond,
Bonds, Series 27/A
3.000 10/27/27 HUF 800,000 2,463,303
Hungary Government International Bond,          
Sr. Unsec’d. Notes 2.125 09/22/31   1,375 1,177,358
Sr. Unsec’d. Notes 5.500 03/26/36   400 391,848
Sr. Unsec’d. Notes, Series 10Y 4.500 06/16/34 EUR 1,200 1,411,470
Sr. Unsec’d. Notes, Series 12Y 1.625 04/28/32 EUR 2,976 3,043,675
Magyar Export-Import Bank Zrt,          
Gov’t. Gtd. Notes 4.500 11/27/31 EUR 5,066 5,892,974
Gov’t. Gtd. Notes 6.000 05/16/29 EUR 3,600 4,387,634
          18,768,262
Indonesia 2.4%
Indonesia Government International Bond,          
Sr. Unsec’d. Notes 0.900 02/14/27 EUR 10,300 11,709,617
Sr. Unsec’d. Notes 1.000 07/28/29 EUR 8,500 9,011,556
Sr. Unsec’d. Notes 1.400 10/30/31 EUR 10,060 10,117,309
Sr. Unsec’d. Notes 2.500 10/31/30 CNH 25,000 3,717,132
Sr. Unsec’d. Notes 2.900 10/31/35 CNH 10,000 1,480,900
Sr. Unsec’d. Notes 3.650 09/10/32 EUR 3,200 3,557,717
22

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Indonesia (cont’d.)
Indonesia Government International Bond, (cont’d.)          
Sr. Unsec’d. Notes, EMTN 3.750 % 06/14/28 EUR 13,980  $16,115,072
Sr. Unsec’d. Notes, Series 13 1.790 05/20/39 JPY 1,100,000 5,161,748
          60,871,051
Israel 0.3%
Israel Government International Bond,
Sr. Unsec’d. Notes, EMTN
6.875 10/21/34 GBP 3,517 5,176,120
State of Israel,
Sr. Unsec’d. Notes, EMTN
6.250 11/21/27   1,500 1,525,290
          6,701,410
Italy 3.6%
City of Milan,
Sr. Unsec’d. Notes
4.019 06/29/35 EUR 6,958 7,906,713
Italy Buoni Poliennali Del Tesoro,          
Sr. Unsec’d. Notes, 144A 1.800 05/15/36 EUR 107 121,336
Sr. Unsec’d. Notes, Series 10Y 3.850 07/01/34 EUR 500 580,504
Sr. Unsec’d. Notes, Series 10Y 4.200 03/01/34 EUR 250 297,565
Sr. Unsec’d. Notes, Series 11Y 3.850 02/01/35 EUR 3,085 3,566,610
Sr. Unsec’d. Notes, Series 16Y, 144A 3.350 03/01/35 EUR 1,285 1,434,440
Sr. Unsec’d. Notes, Series VALR 4.100(cc) 10/10/28 EUR 1,000 1,184,423
     
 
Region of Lazio,
Sr. Unsec’d. Notes
3.088 03/31/43 EUR 5,813 5,871,945
Region of Lombardy,
Sr. Unsec’d. Notes
5.804 10/25/32   2,590 2,341,723
Region of Piemont Italy,
Sr. Unsec’d. Notes, EMTN, 6 Month EURIBOR + 0.155% (Cap N/A, Floor 0.000%)
2.671(c) 11/27/36 EUR 4,000 4,000,508
Region of Umbria,
Sr. Unsec’d. Notes, 6 Month EURIBOR + 0.200%
2.789(c) 03/26/31 EUR 545 594,601
Repubic of Italy Government International Bond Coupon Strips,
Sr. Unsec’d. Notes
1.812(s) 02/20/31 EUR 5,458 5,407,362
Republic of Italy Government International Bond,          
Sr. Unsec’d. Notes, 144A 5.125 07/14/36   6,400 6,235,467
Sr. Unsec’d. Notes, 144A 6.000 07/14/56   4,500 4,276,663
Sr. Unsec’d. Notes, EMTN, EURIBOR ICE SWAP 11:00 Fft 30Y Index + 0.000% (Cap N/A, Floor 4.250%) 4.250(c) 06/28/29 EUR 7,892 9,380,596
Sr. Unsec’d. Notes, EMTN 4.425 03/28/36 EUR 1,400 1,631,119
Sr. Unsec’d. Notes, EMTN 5.200 07/31/34 EUR 1,635 2,021,451
Sr. Unsec’d. Notes, EMTN 5.250 12/07/34 GBP 17,100 22,483,729
Sr. Unsec’d. Notes, EMTN 5.345 01/27/48 EUR 2,200 2,674,457
Sr. Unsec’d. Notes, Series 10Y 2.875 10/17/29   3,300 3,135,111
Sr. Unsec’d. Notes, Series 30Y 3.875 05/06/51   1,492 1,064,347
Sr. Unsec’d. Notes, Series 30Y, MTN 5.375 06/15/33   5,900 6,071,768
          92,282,438
Japan 2.6%
Japan Government Ten Year Bond,          
Bonds, Series 380 1.700 09/20/35 JPY 300,000 1,736,142
Bonds, Series 381 2.100 12/20/35 JPY 5,000,000 29,816,797
     
 
Japan Government Thirty Year Bond,
Bonds, Series 88
3.200 09/20/55 JPY 4,200,000 22,714,679
Japan Government Twenty Year Bond,          
Bonds, Series 159 0.600 12/20/36 JPY 350,000 1,755,549
Bonds, Series 189 1.900 06/20/44 JPY 377,000 1,842,056
Bonds, Series 194 2.700 09/20/45 JPY 1,471,700 8,024,992
23
PGIM Global Total Return Fund

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Japan (cont’d.)
     
 
Japanese Government CPI Linked Bond,
Bonds, Series 30
0.005 % 03/10/35 JPY 102,970  $610,846
          66,501,061
Kuwait 0.1%
Kuwait International Government Bond,
Sr. Unsec’d. Notes, 144A
5.509 07/29/36   2,965 2,947,951
Lebanon 0.0%
Lebanon Government International Bond,
Sr. Unsec’d. Notes, EMTN
6.100 10/04/22(d)   1,000 264,530
Malaysia 0.1%
Malaysia Government International Bond,
Gtd. Notes, Series A
0.530 03/15/29 JPY 300,000 1,805,034
Malta 0.1%
Malta Government Bond,          
Bonds, Series 16Y 1.200 05/13/37 EUR 1,000 863,386
Bonds, Series I 1.000 04/23/31 EUR 2,500 2,574,206
          3,437,592
Mexico 1.7%
Eagle Funding Luxco Sarl,
Sr. Unsec’d. Notes, 144A
5.500 08/17/30   13,210 13,191,143
Mexican Udibonos,
Bonds, Series S
3.250 11/12/43 MXN 10 421,455
Mexico Government International Bond,          
Sr. Unsec’d. Notes 1.125 01/17/30 EUR 10,100 10,599,067
Sr. Unsec’d. Notes 1.450 10/25/33 EUR 4,825 4,444,232
Sr. Unsec’d. Notes 2.875 04/08/39 EUR 5,000 4,468,975
Sr. Unsec’d. Notes 3.500 09/19/29 EUR 1,020 1,165,792
Sr. Unsec’d. Notes 4.000 03/15/2115 EUR 950 704,676
Sr. Unsec’d. Notes 4.500 03/19/34 EUR 1,070 1,211,463
Sr. Unsec’d. Notes 5.125 03/19/38 EUR 3,600 4,014,865
Sr. Unsec’d. Notes, EMTN 5.625 03/19/2114 GBP 340 326,836
Sr. Unsec’d. Notes, Series 28 2.000 04/20/38 JPY 300,000 1,392,005
Sr. Unsec’d. Notes, Series A, MTN 7.500 04/08/33   875 969,681
          42,910,190
Montenegro 0.0%
Montenegro Government International Bond,
Sr. Unsec’d. Notes
4.875 04/01/32 EUR 475 550,485
Morocco 0.1%
Morocco Government International Bond,          
Sr. Unsec’d. Notes 3.875 04/02/29 EUR 1,200 1,382,908
Sr. Unsec’d. Notes, 144A 4.750 05/26/34 EUR 800 919,402
          2,302,310
New Zealand 0.2%
New Zealand Government Bond,
Unsec’d. Notes, Series 528
0.250 05/15/28 NZD 8,000 4,441,484
24

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Norway 0.1%
Norway Government Bond,
Sr. Unsec’d. Notes, Series 479, 144A
1.750 % 02/17/27 NOK 22,000  $2,286,770
Oman 0.0%
Oman Government International Bond,
Sr. Unsec’d. Notes
7.375 10/28/32   1,000 1,108,000
Panama 0.4%
Panama Government International Bond,          
Sr. Unsec’d. Notes 5.662 02/23/38   2,220 2,158,684
Sr. Unsec’d. Notes(a) 6.875 01/31/36   300 318,699
Sr. Unsec’d. Notes 8.125 04/28/34   5,659 6,394,670
          8,872,053
Paraguay 0.0%
Paraguay Government International Bond,
Sr. Unsec’d. Notes
2.739 01/29/33   200 174,588
Peru 0.5%
Peru Government Bond,
Bonds
5.940 02/12/29 PEN 6,000 1,870,771
Peruvian Government International Bond,          
Sr. Unsec’d. Notes 1.250 03/11/33 EUR 1,200 1,167,495
Sr. Unsec’d. Notes 3.750 03/01/30 EUR 9,408 10,857,298
          13,895,564
Philippines 1.1%
Philippine Government International Bond,          
Sr. Unsec’d. Notes 0.700 02/03/29 EUR 5,365 5,755,518
Sr. Unsec’d. Notes 1.200 04/28/33 EUR 1,350 1,284,726
Sr. Unsec’d. Notes 1.750 04/28/41 EUR 1,085 849,230
Sr. Unsec’d. Notes 3.625 02/04/32 EUR 1,000 1,130,444
Sr. Unsec’d. Notes, EMTN 0.875 05/17/27 EUR 4,000 4,512,460
Sr. Unsec’d. Notes, Series 11 0.990 08/15/28 JPY 800,000 4,879,796
Sr. Unsec’d. Notes, Series 15 0.590 08/15/29 JPY 1,700,000 10,058,641
          28,470,815
Poland 0.2%
Republic of Poland Government Bond,          
Bonds 1.750 08/25/31 PLN 429 110,504
Bonds, Series 0428 2.750 04/25/28 PLN 1,000 260,993
Bonds, Series 0429 5.750 04/25/29 PLN 1,000 275,500
Bonds, Series 0432 1.750 04/25/32 PLN 1,000 221,761
Bonds, Series 0527 3.750 05/25/27 PLN 1,000 267,474
Bonds, Series 0727 2.500 07/25/27 PLN 1,000 264,066
Bonds, Series 0728 7.500 07/25/28 PLN 5,000 1,415,661
Bonds, Series 0729 4.750 07/25/29 PLN 1,000 268,250
Bonds, Series 1026 0.250 10/25/26 PLN 1,000 265,459
Bonds, Series 1029 2.750 10/25/29 PLN 1,000 252,209
Bonds, Series 1030 1.250 10/25/30 PLN 1,000 230,211
Bonds, Series 1033 6.000 10/25/33 PLN 1,000 275,507
Bonds, Series 1034 5.000 10/25/34 PLN 1,000 257,572
     
 
Republic of Poland Government International Bond,
Sr. Unsec’d. Notes, EMTN
3.220 08/04/34 JPY 100,000 643,582
          5,008,749
25
PGIM Global Total Return Fund

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Portugal 0.1%
Autonomous Region of the Azores,          
Sr. Unsec’d. Notes 0.491 % 10/01/27 EUR 400  $447,548
Sr. Unsec’d. Notes 1.006 06/15/29 EUR 300 323,993
Sr. Unsec’d. Notes 1.095 09/27/36 EUR 600 512,664
Sr. Unsec’d. Notes 2.163 04/06/32 EUR 500 528,507
Sr. Unsec’d. Notes 3.720 10/17/28 EUR 400 464,382
     
 
Regiao Autonoma Madeira,
Sr. Unsec’d. Notes
1.141 12/04/34 EUR 1,000 903,855
          3,180,949
Romania 0.9%
Romania Government Bond,          
Bonds, Series 04Y 7.200 10/28/26 RON 500 110,060
Bonds, Series 04Y 7.200 05/31/27 RON 500 110,666
Bonds, Series 05Y 4.250 04/28/36 RON 500 90,470
Bonds, Series 05Y 6.300 04/25/29 RON 500 109,195
Bonds, Series 06Y 8.750 10/30/28 RON 500 115,186
Bonds, Series 07Y 2.500 10/25/27 RON 500 105,219
Bonds, Series 07Y 8.000 04/29/30 RON 500 114,486
Bonds, Series 08Y 4.150 01/26/28 RON 500 106,591
Bonds, Series 08Y 4.850 07/25/29 RON 500 104,850
Bonds, Series 08Y 7.350 04/28/31 RON 500 112,803
Bonds, Series 10Y 4.150 10/24/30 RON 500 99,872
Bonds, Series 10Y 5.000 02/12/29 RON 500 106,241
Bonds, Series 10Y 6.700 02/25/32 RON 500 109,135
Bonds, Series 10Y 7.200 10/30/33 RON 500 112,205
Bonds, Series 10Y 8.250 09/29/32 RON 500 117,569
Bonds, Series 11Y 7.100 07/31/34 RON 500 111,784
Bonds, Series 15Y 3.650 09/24/31 RON 500 96,250
Bonds, Series 15Y 4.750 10/11/34 RON 500 95,778
Bonds, Series 15Y 5.800 07/26/27 RON 500 109,496
Bonds, Series 15Y 7.900 02/24/38 RON 500 117,653
Romanian Government International Bond,          
Sr. Unsec’d. Notes, 144A, MTN 2.124 07/16/31 EUR 3,600 3,676,551
Sr. Unsec’d. Notes, 144A, MTN 2.500 02/08/30 EUR 4,150 4,511,120
Sr. Unsec’d. Notes, 144A, MTN 2.875 05/26/28 EUR 1,100 1,251,303
Sr. Unsec’d. Notes, EMTN 2.124 07/16/31 EUR 2,000 2,042,528
Sr. Unsec’d. Notes, EMTN 2.375 04/19/27 EUR 1,000 1,145,712
Sr. Unsec’d. Notes, EMTN 3.375 02/08/38 EUR 2,138 1,919,415
Sr. Unsec’d. Notes, EMTN 3.500 04/03/34 EUR 1,000 1,011,855
Sr. Unsec’d. Notes, EMTN 3.875 10/29/35 EUR 1,000 1,010,655
Sr. Unsec’d. Notes, EMTN 4.125 03/11/39 EUR 1,786 1,697,399
Sr. Unsec’d. Notes, EMTN 6.750 07/11/39 EUR 1,003 1,196,929
Sr. Unsec’d. Notes, MTN 2.875 05/26/28 EUR 700 796,284
          22,415,260
San Marino 0.0%
San Marino International Bond,
Sr. Unsec’d. Notes, Series 5Y
3.625 04/30/31 EUR 100 115,347
Saudi Arabia 0.6%
Saudi Government International Bond,
Sr. Unsec’d. Notes
2.000 07/09/39 EUR 16,656 14,669,245
Serbia 0.7%
Serbia International Bond,          
Sr. Unsec’d. Notes 1.500 06/26/29 EUR 6,000 6,404,065
26

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Serbia (cont’d.)
Serbia International Bond, (cont’d.)          
Sr. Unsec’d. Notes 2.125 % 12/01/30   9,015  $7,829,347
Sr. Unsec’d. Notes, 144A 4.875 05/06/38 EUR 4,330 4,862,419
          19,095,831
Slovakia 0.1%
Slovakia Government Bond,
Bonds, Series 247
3.625 06/08/33 EUR 1,530 1,771,833
Slovakia Government International Bond,
Sr. Unsec’d. Notes, Series 10Y
1.915 05/10/34 CHF 300 388,050
          2,159,883
Slovenia 0.1%
Slovenia Government Bond,
Sr. Unsec’d. Notes, Series RS86
0.000 02/12/31 EUR 100 100,572
Slovenia Government International Bond,
Sr. Unsec’d. Notes
5.000 09/19/33   3,200 3,234,016
          3,334,588
South Africa 0.0%
Republic of South Africa Government Bond - CPI Linked,
Sr. Unsec’d. Notes, Series 2046
2.500 03/31/46 ZAR 5,565 255,792
Spain 2.2%
Autonomous Community of Catalonia,          
Sr. Unsec’d. Notes 4.690 10/28/34 EUR 598 717,914
Sr. Unsec’d. Notes, EMTN, EURIBOR ICE SWAP 11:00 Fft 10Y Index + 0.000% (Cap 12.000%, Floor 5.480%) 5.480(c) 05/11/29 EUR 1,000 1,212,157
Sr. Unsec’d. Notes, EMTN 5.900 05/28/30 EUR 3,250 4,039,063
Sr. Unsec’d. Notes, EMTN 6.350 11/30/41 EUR 2,100 2,825,472
Spain Government Bond,          
Sr. Unsec’d. Notes, 144A 1.000 10/31/50 EUR 10,600 6,337,094
Sr. Unsec’d. Notes, 144A 1.200 10/31/40 EUR 2,500 2,040,038
Sr. Unsec’d. Notes, 144A 3.450 07/30/66 EUR 4,200 4,063,325
Spain Government Bond Coupon Strips,          
Bonds 0.449(s) 07/30/29 EUR 438 461,969
Sr. Unsec’d. Notes 1.296(s) 07/30/41 EUR 436 273,910
Sr. Unsec’d. Notes, Series CAC(k) 0.579(s) 07/30/29 EUR 3,600 3,790,787
Sr. Unsec’d. Notes, Series CAC 1.128(s) 07/30/36 EUR 862 690,125
Sr. Unsec’d. Notes, Series CAC 1.212(s) 07/30/37 EUR 862 662,135
Sr. Unsec’d. Notes, Series CAC 1.297(s) 07/30/38 EUR 862 635,061
Sr. Unsec’d. Notes, Series CAC 1.365(s) 07/30/42 EUR 300 179,985
Sr. Unsec’d. Notes, Series CAC 1.405(s) 07/30/43 EUR 300 169,859
Sr. Unsec’d. Notes, Series CAC 1.455(s) 07/30/44 EUR 300 161,760
Sr. Unsec’d. Notes, Series CAC 1.475(s) 07/30/45 EUR 300 153,946
Sr. Unsec’d. Notes, Series CAC 1.485(s) 07/30/46 EUR 300 147,151
Sr. Unsec’d. Notes, Series CAC 1.504(s) 07/30/47 EUR 300 141,018
Sr. Unsec’d. Notes, Series CAC 1.514(s) 07/30/48 EUR 300 134,818
Sr. Unsec’d. Notes, Series CAC 1.544(s) 07/30/49 EUR 300 129,093
Sr. Unsec’d. Notes, Series CAC 1.564(s) 07/30/50 EUR 300 129,949
Sr. Unsec’d. Notes, Series CAC 1.594(s) 07/30/51 EUR 300 116,753
Sr. Unsec’d. Notes, Series CAC 1.623(s) 07/30/52 EUR 300 112,660
Sr. Unsec’d. Notes, Series CAC 1.663(s) 07/30/53 EUR 300 105,451
Sr. Unsec’d. Notes, Series CAC 1.683(s) 07/30/54 EUR 300 99,473
Sr. Unsec’d. Notes, Series CAC 1.703(s) 07/30/55 EUR 300 96,955
Sr. Unsec’d. Notes, Series CAC 1.732(s) 07/30/56 EUR 300 89,088
Sr. Unsec’d. Notes, Series CAC 1.772(s) 07/30/57 EUR 300 88,133
27
PGIM Global Total Return Fund

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Spain (cont’d.)
Spain Government Bond Coupon Strips, (cont’d.)          
Sr. Unsec’d. Notes, Series CAC 1.782 %(s) 07/30/58 EUR 300  $86,705
Sr. Unsec’d. Notes, Series CAC 1.812(s) 07/30/59 EUR 300 78,572
Sr. Unsec’d. Notes, Series CAC 1.851(s) 07/30/60 EUR 300 76,300
Sr. Unsec’d. Notes, Series CAC 1.871(s) 07/30/61 EUR 300 71,088
Sr. Unsec’d. Notes, Series CAC 1.891(s) 07/30/62 EUR 300 65,312
Sr. Unsec’d. Notes, Series CAC 1.921(s) 07/30/63 EUR 300 61,646
Sr. Unsec’d. Notes, Series CAC 1.950(s) 07/30/64 EUR 300 62,965
Sr. Unsec’d. Notes, Series CAC 1.980(s) 07/30/65 EUR 300 60,108
Sr. Unsec’d. Notes, Series CAC 2.010(s) 07/30/66 EUR 300 58,823
Sr. Unsec’d. Notes, Series CSTP 0.320(s) 01/31/33 EUR 2,100 1,958,053
Sr. Unsec’d. Notes, Series CSTP 0.958(s) 01/31/35 EUR 168 142,765
Sr. Unsec’d. Notes, Series CSTP 1.027(s) 01/31/36 EUR 168 136,202
Sr. Unsec’d. Notes, Series CSTP 1.078(s) 01/31/37 EUR 168 130,374
     
 
Spain Government Bond Principal Strips,
Sr. Unsec’d. Notes, Series PSTR
0.794(s) 07/30/41 EUR 1,700 1,052,272
Spain Government Inflation-Linked Bond,
Sr. Unsec’d. Notes, 144A
1.150 11/30/36 EUR 106 118,313
Spain Government International Bond,
Sr. Unsec’d. Notes, EMTN
5.250 04/06/29 GBP 16,080 21,728,167
          55,692,807
Sweden 0.1%
Svensk Exportkredit AB,          
Sr. Unsec’d. Notes, EMTN 8.904(s) 06/25/27 ZAR 1,400 78,683
Sr. Unsec’d. Notes, EMTN 10.550(s) 03/30/32 MXN 43,890 1,479,658
     
 
Sweden Government Bond,
Bonds, Series 1053
3.500 03/30/39 SEK 10,000 1,093,140
          2,651,481
Trinidad & Tobago 0.1%
Trinidad & Tobago Government International Bond,
Sr. Unsec’d. Notes, 144A
6.500 01/28/36   2,215 2,241,779
Tunisia 0.0%
Tunisian Republic,
Sr. Unsec’d. Notes
4.200 03/17/31 JPY 100,000 554,665
Turkey 0.1%
Turkiye Government Bond,          
Bonds 2.480 05/02/29 TRY 5,882 114,541
Bonds, Series 4Y, BIST Index + 0.000% 40.179(c) 01/09/30 TRY 8,130 168,781
Bonds, Series 4Y, BIST Index + 0.000% 41.017(c) 09/06/28 TRY 57,276 1,207,998
Bonds, Series 4Y, BIST Index + 0.000% 41.497(c) 05/17/28 TRY 47,324 1,004,616
          2,495,936
United Arab Emirates 0.3%
Finance Department Government of Sharjah,          
Sr. Unsec’d. Notes 4.625 01/17/31 EUR 3,400 3,876,602
Sr. Unsec’d. Notes, 144A, MTN 4.625 01/17/31 EUR 3,600 4,104,637
          7,981,239
United Kingdom 0.3%
Jersey International Bond,
Sr. Unsec’d. Notes
3.750 06/09/54 GBP 834 758,289
28

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
United Kingdom (cont’d.)
United Kingdom Gilt,          
Bonds 0.875 % 01/31/46 GBP 100  $58,911
Bonds 1.125 01/31/39 GBP 100 83,899
Bonds 1.250 10/22/41 GBP 100 76,671
Bonds 1.250 07/31/51 GBP 100 54,345
Bonds 1.500 07/22/47 GBP 100 65,656
Bonds 1.625 10/22/71 GBP 100 48,608
Bonds 1.750 01/22/49 GBP 100 67,312
Bonds 1.750 07/22/57 GBP 100 57,211
Bonds 2.500 07/22/65 GBP 100 68,003
Bonds 3.250 01/22/44 GBP 100 99,402
Bonds 3.500 07/22/68 GBP 100 88,367
Bonds 3.750 07/22/52 GBP 100 98,623
Bonds 4.000 01/22/60 GBP 100 100,266
Bonds 4.250 03/07/36 GBP 300 379,576
Bonds 4.250 09/07/39 GBP 180 217,768
Bonds 4.250 12/07/40 GBP 100 119,208
Bonds 4.250 12/07/46 GBP 4,475 4,999,909
Bonds 4.250 12/07/49 GBP 100 109,432
Bonds 4.250 12/07/55 GBP 100 106,177
Bonds 4.500 12/07/42 GBP 100 119,838
Bonds 4.750 12/07/38 GBP 100 128,291
     
 
United Kingdom Inflation-Linked Gilt Bond,
Bonds, Series 3M
0.125 03/22/44 GBP 171 153,837
          8,059,599
Uruguay 0.2%
Uruguay Government International Bond,          
Sr. Unsec’d. Notes, EMTN 1.040 07/23/30 CHF 3,000 3,691,323
Sr. Unsec’d. Notes, EMTN 1.618 07/23/35 CHF 1,000 1,239,161
Sr. Unsec’d. Notes, Series 8 1.320 12/09/36 JPY 100,000 477,358
          5,407,842
Vietnam 1.2%
Vietnam Government International Bond,
Sec’d. Notes, Series 30Y
5.500(cc) 03/12/28   32,804 31,625,015
     
 
Total Sovereign Bonds
(cost $1,008,337,801)
917,818,832
U.S. Government Agency Obligation 0.8%
Federal National Mortgage Assoc.
(cost $22,663,960)
5.375 12/07/28 GBP 15,000 20,420,940
U.S. Treasury Obligations 13.4%
U.S. Treasury Bonds 1.125 08/15/40   160 96,600
U.S. Treasury Bonds 1.250 05/15/50   1,000 449,844
U.S. Treasury Bonds 1.375 08/15/50   1,000 463,594
U.S. Treasury Bonds 1.625 11/15/50   1,000 494,844
U.S. Treasury Bonds 1.875 02/15/51   1,000 526,562
U.S. Treasury Bonds 1.875 11/15/51   1,000 520,156
U.S. Treasury Bonds 2.000 02/15/50   1,000 552,969
U.S. Treasury Bonds 2.000 08/15/51   1,000 539,219
U.S. Treasury Bonds(k) 2.250 05/15/41   545 382,777
U.S. Treasury Bonds(k) 2.250 08/15/49   56,637 33,460,078
U.S. Treasury Bonds 2.250 02/15/52   1,000 570,625
U.S. Treasury Bonds 2.375 02/15/42   56,495 39,599,464
U.S. Treasury Bonds 2.375 11/15/49   1,000 605,469
29
PGIM Global Total Return Fund

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
U.S. Treasury Obligations (Continued)
U.S. Treasury Bonds(k) 2.375 % 05/15/51   45,110  $26,769,966
U.S. Treasury Bonds(k) 2.875 05/15/49   22,900 15,489,703
U.S. Treasury Bonds 2.875 05/15/52   1,000 657,187
U.S. Treasury Bonds 3.000 02/15/49   3,000 2,084,062
U.S. Treasury Bonds 3.000 08/15/52   1,000 673,594
U.S. Treasury Bonds(h) 3.375 11/15/48   41,310 30,814,678
U.S. Treasury Bonds 3.625 02/15/53   1,000 760,781
U.S. Treasury Bonds 3.625 05/15/53   1,000 759,844
U.S. Treasury Bonds 4.000 11/15/52   1,000 814,687
U.S. Treasury Bonds(k) 4.125 08/15/44   21,410 18,589,902
U.S. Treasury Bonds 4.125 08/15/53   1,000 831,719
U.S. Treasury Bonds 4.250 02/15/54   1,000 849,062
U.S. Treasury Bonds(k) 4.625 11/15/44   2,390 2,212,991
U.S. Treasury Bonds 4.625 05/15/54   1,000 904,531
U.S. Treasury Bonds 4.750 11/15/53   3,260 3,004,803
U.S. Treasury Bonds 4.750 05/15/55   660 609,469
U.S. Treasury Bonds(h)(k) 5.000 05/15/45   106,145 102,844,554
U.S. Treasury Inflation Indexed Bonds, TIPS 2.375 02/15/55   531 463,559
U.S. Treasury Notes 1.875 02/15/32   1,415 1,235,914
U.S. Treasury Notes 2.875 05/15/32   2,035 1,868,702
U.S. Treasury Notes 3.625 08/31/30   7,490 7,275,248
U.S. Treasury Notes 3.875 09/30/32   45,621 44,070,599
U.S. Treasury Strips Coupon(k) 1.888(s) 08/15/29   345 302,306
U.S. Treasury Strips Coupon(k) 1.872(s) 05/15/31   85 68,638
U.S. Treasury Strips Coupon(k) 2.089(s) 11/15/35   800 514,070
U.S. Treasury Strips Coupon(k) 2.251(s) 08/15/40   800 386,445
     
 
Total U.S. Treasury Obligations
(cost $374,495,562)
343,119,215
    
      Shares  
Common Stocks 0.2%
Jamaica 0.1%
Digicel International Finance Ltd.*       59,495 1,680,734
United States 0.1%
Diamond Sports Group LLC*(x)       44,198 9,591
Expand Energy Corp.       23,063 2,168,614
Ferrellgas Partners LP*       13,655 312,016
          2,490,221
     
 
Total Common Stocks
(cost $559,024)
4,170,955
Preferred Stocks 0.4%
Jamaica 0.0%
Digicel International Finance Ltd.*^
      3,857 51,309
United States 0.4%
Citigroup, Inc.
Series II, 6.250%, Maturing 02/15/31(a)(oo)
      260,011 6,388,470
Federal Home Loan Mortgage Corp.
Series Z, 8.375%(cc), Maturing 12/31/27(a)(oo)
      10,000 93,500
Federal National Mortgage Assoc.
Series S, 8.250%(cc), Maturing 12/31/30(a)(oo)
      15,000 147,750
30

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Description     Shares Value
Preferred Stocks (Continued)
United States (cont’d.)
Federal National Mortgage Assoc.
Series T, 8.250%, Maturing 08/30/26(oo)
      5,000  $42,300
Ferrellgas Escrow LLC
8.956%, Maturing 03/30/31^
      633 688,388
MetLife, Inc.
Series E, 5.625%, Maturing 08/30/26(oo)
      38,476 846,472
QXO, Inc.
Series C, 4.750%, Maturing 04/01/33(oo)
      363 2,902,263
Wells Fargo & Co.
Series Y, 5.625%, Maturing 09/15/26(oo)
      526 11,740
          11,120,883
     
 
Total Preferred Stocks
(cost $12,141,224)
11,172,192
    
           
Options Purchased*~ 0.0%
(cost $943,260) 1,026,641
     
 
 
Total Long-Term Investments, BEFORE LONG-TERM OPTIONS WRITTEN 98.8%
(cost $2,698,984,587)
2,526,445,047
Options Written*~ (0.0)%
(premiums received $790,200) (1,373,832)
     
 
TOTAL LONG-TERM INVESTMENTS, NET OF LONG-TERM OPTIONS WRITTEN 98.8%
(cost $2,698,194,387)
2,525,071,215
    
           
Short-Term Investments 1.3%
Affiliated Mutual Funds 1.2%
PGIM Core Government Money Market Fund (7-day effective yield 3.777%)(wb)     14,691,846 14,691,846
PGIM Institutional Money Market Fund (7-day effective yield 3.854%)
(cost $17,557,612; includes $17,496,788 of cash collateral for securities on loan)(b)(wb)
    17,571,754 17,557,696
 
Total Affiliated Mutual Funds
(cost $32,249,458)
32,249,542
Options Purchased*~ 0.1%
(cost $640,199) 1,733,671
     
 
 
Total Short-Term Investments
(cost $32,889,657)
33,983,213
     
 
TOTAL INVESTMENTS, BEFORE SHORT-TERM OPTIONS WRITTEN 100.1%
(cost $2,731,084,044)
2,559,054,428
Options Written*~ (0.1)%
(premiums received $798,752) (2,376,466)
 
TOTAL INVESTMENTS, NET OF SHORT-TERM OPTIONS WRITTEN 100.0%
(cost $2,730,285,292)
2,556,677,962
Liabilities in excess of other assets(z) (0.0)% (323,294)
 
Net Assets 100.0% $2,556,354,668

Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
    
  AUD—Australian Dollar
  BRL—Brazilian Real
  CAD—Canadian Dollar
  CHF—Swiss Franc
31
PGIM Global Total Return Fund

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
  CLP—Chilean Peso
  CNH—Chinese Renminbi
  COP—Colombian Peso
  CZK—Czech Koruna
  DKK—Danish Krone
  EUR—Euro
  GBP—British Pound
  HKD—Hong Kong Dollar
  HUF—Hungarian Forint
  IDR—Indonesian Rupiah
  ILS—Israeli Shekel
  ITL—Italian Lira
  JPY—Japanese Yen
  KRW—South Korean Won
  MXN—Mexican Peso
  MYR—Malaysian Ringgit
  NOK—Norwegian Krone
  NZD—New Zealand Dollar
  PEN—Peruvian Nuevo Sol
  PLN—Polish Zloty
  RON—Romanian Leu
  SEK—Swedish Krona
  SGD—Singapore Dollar
  THB—Thai Baht
  TRY—Turkish Lira
  TWD—New Taiwanese Dollar
  USD—US Dollar
  ZAR—South African Rand
    
   
  144A—Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, pursuant to the requirements of Rule 144A, may not be resold except to qualified institutional buyers.
  A—Annual payment frequency for swaps
  AID—Agency for International Development
  BARC—Barclays Bank PLC
  BBR—New Zealand Bank Bill Rate
  BBSW—Australian Bank Bill Swap Reference Rate
  BIST—Borsa Istanbul Index (Turkish Stock Exchange)
  BNP—BNP Paribas S.A.
  BNY—Bank of New York Mellon
  BOA—Bank of America, N.A.
  BROIS—Brazil Overnight Index Swap
  BUBOR—Budapest Interbank Offered Rate
  CAC—French Stock Market Index
  CDX—Credit Derivative Index
  CIBOR—Copenhagen Interbank Offered Rate
  CITI—Citibank, N.A.
  CLOIS—Sinacofi Chile Interbank Rate Average
  CMBX—Commercial Mortgage-Backed Index
  CORRA—Canadian Overnight Repo Rate Average
  CPI—Consumer Price Index
  DAC—Designated Activity Company
  DB—Deutsche Bank AG
  EMTN—Euro Medium Term Note
  EURIBOR—Euro Interbank Offered Rate
  EuroSTR—Euro Short-Term Rate
  FHLMC—Federal Home Loan Mortgage Corporation
  GMTN—Global Medium Term Note
  GS—Goldman Sachs & Co. LLC
  GSI—Goldman Sachs International
  HSBC—HSBC Bank PLC
  ICE—Intercontinental Exchange
  IO—Interest Only (Principal amount represents notional)
  JPM—JPMorgan Chase Bank N.A.
  KLIBOR—Kuala Lumpur Interbank Offered Rate
  KWCDC—Korean Won Certificate of Deposit
  LIBOR—London Interbank Offered Rate
  LP—Limited Partnership
  M—Monthly payment frequency for swaps
  MASTR—Morgan Stanley Structured Asset Security
  MPLE—Maple Bonds
32

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
  MSI—Morgan Stanley & Co. International PLC
  MTN—Medium Term Note
  MUNIPSA—Municipal Swap Weekly Yield Index
  N/A—Not Applicable
  NIBOR—Norwegian Interbank Offered Rate
  OAT—Obligations Assimilables du Tresor
  OTC—Over-the-counter
  PJSC—Public Joint-Stock Company
  PRIBOR—Prague Interbank Offered Rate
  Q—Quarterly payment frequency for swaps
  RBC—Royal Bank of Canada
  REMIC—Real Estate Mortgage Investment Conduit
  S—Semiannual payment frequency for swaps
  SARON—Swiss Average Rate Overnight
  SCB—Standard Chartered Bank
  SHIR—Shekel Overnight Interest Rate
  SOFR—Secured Overnight Financing Rate
  SONIA—Sterling Overnight Index Average
  SORA—Singapore Overnight Rate Average
  SSB—State Street Bank & Trust Company
  STIBOR—Stockholm Interbank Offered Rate
  STRIPs—Separate Trading of Registered Interest and Principal of Securities
  T—Swap payment upon termination
  TAIBOR—Taiwan Interbank Offered Rate
  THOR—Thai Overnight Repurchase Rate
  TIPS—Treasury Inflation-Protected Securities
  TONAR—Tokyo Overnight Average Rate
  UAG—UBS AG
  WF—Wells Fargo Bank, N.A.
  WIBOR—Warsaw Interbank Offered Rate
  ZARONIA—South African Overnight Index
    
* Non-income producing security.
# Principal or notional amount is shown in U.S. dollars unless otherwise stated.
~ See tables subsequent to the Schedule of Investments for options detail.  
^ Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $47,746,123 and 1.9% of net assets. 
(a) All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $17,102,336; cash collateral of $17,496,788 (included in liabilities) was received with which the Fund purchased highly liquid short-term investments. In the event of significant appreciation in value of securities on loan on the last business day of the reporting period, the Fund may reflect a collateral value that is less than the market value of the loaned securities and such shortfall is remedied the following business day.
(b) Represents security, or portion thereof, purchased with cash collateral received for securities on loan and includes dividend reinvestment.
(c) Variable rate instrument. The interest rate shown reflects the rate in effect at July 31, 2026.
(cc) Variable rate instrument. The rate shown is based on the latest available information as of July 31, 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.
(d) Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity.
(ff) Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end.
(h) Represents security, or a portion thereof, segregated as collateral for OTC derivatives.
(jj) Represents original contract currency denomination, settlement to occur in Euro currency.
(k) Represents security, or a portion thereof, segregated as collateral for centrally cleared/exchange-traded derivatives.
(oo) Perpetual security. Maturity date represents next call date.
(p) Represents a security with a delayed settlement and therefore the interest rate is not available until settlement which is after the period end.
(s) Represents zero coupon bond or principal only security. Rate represents yield to maturity at purchase date.
(wb) Represents an investment in a Fund affiliated with the Manager. 
(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
20 Times Square Trust,
Series 2018-20TS, Class G, 144A, 3.100%(cc), 05/15/35
  05/09/18    $909,111    $786,830   0.0 %
20 Times Square Trust,
Series 2018-20TS, Class H, 144A, 3.100%(cc), 05/15/35
  05/09/18   885,052   746,830   0.0
Aethon IV Newco LLCSr. Unsec’d. Notes, 0.000%, 09/30/31^   07/14/26   1,550,000   1,550,000   0.1
Diamond Sports Group LLC*   01/02/25   116,918   9,591   0.0
33
PGIM Global Total Return Fund

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
(x) Restricted Securities (continued):
Issuer   Acquisition
Date
  Original
Cost
  Market
Value
  Percentage
of
Net Assets
Greystone Commercial Capital Trust, Sr. Unsec’d. Notes, Series A, 144A, 1 Month SOFR + 3.150%, 7.230%(c), 05/31/26^(d)   05/18/21    $19,079,706    $16,980,939   0.7 %
Plaquemines Port Harbor & Terminal District,
Series B, Taxable, Revenue Bonds, 144A, 12.000%, 12/01/34
  03/30/26   3,479,000   1,151,798   0.0
Total       $26,019,787   $21,225,988   0.8%
(z) Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments:
Unfunded loan commitments outstanding at July 31, 2026:
Borrower   Principal
Amount
(000)#
  Current
Value
  Unrealized
Appreciation
  Unrealized
Depreciation
CloudHQ VA B1, Delayed Draw Term Loan, —%(p), Maturity Date 01/29/30 (cost $396,306)^    396    $394,709    $—    $(1,597)
CloudHQ VA B2 Quick, Delayed Draw Term Loan, 0.000%, Maturity Date 03/06/30 (cost $439,135)^    439   436,272   —   (2,863)
CloudHQ VA B2, Delayed Draw Term Loan, 0.000%, Maturity Date 03/06/30 (cost $436,008)^    436   434,251   —   (1,757)
CloudHQ VA B3 Quick, Delayed Draw Term Loan, 0.000%, Maturity Date 03/06/30 (cost $257,523)^    258   254,947   —   (2,576)
CloudHQ VA B3, Delayed Draw Term Loan, 0.000%, Maturity Date 03/06/30 (cost $484,643)^    485   479,796   —   (4,847)
Domain Greenbough Partner 2 LLC, Delayed Draw Term Loan, —%(p), Maturity Date 01/23/32 (cost $273,228)^    273   272,576   —   (652)
Doncasters US Finance LLC, Delayed Draw Term Loan, 1.500%, Maturity Date 04/01/30 (cost $1,800,000)^    1,800   1,800,000   —   —
HPS Speciality Loan Fund VI GP, Delayed Draw Term Loan, 0.000%, Maturity Date 09/30/34 (cost $514,321)^    514   514,321   —   —
HPS Speciality Loan Fund VI GP, Delayed Draw Term Loan, 0.000%, Maturity Date 09/30/34 (cost $1,243,640)^    1,244   1,243,640   —   —
HPS Speciality Loan Fund VI IM, Delayed Draw Term Loan, 0.000%, Maturity Date 09/30/34 (cost $771,481)^    771   771,481   —   —
HPS Speciality Loan Fund VI IM, Delayed Draw Term Loan, 0.000%, Maturity Date 09/30/34 (cost $1,865,460)^    1,865   1,865,460   —   —
Vantage Oracle TX, Delayed Draw Term Loan, 0.000%, Maturity Date 04/30/32 (cost $2,796,775)^    2,827   2,761,155   —   (35,620)
Vantage Oracle WI, Delayed Draw Term Loan, 0.000%, Maturity Date 07/14/32 (cost $1,890,824)^    1,891   1,890,824   —   —
        $13,119,432   $—   $(49,912)
Options Purchased:
OTC Swaptions    
Description   Call/
Put
  Counterparty   Expiration
Date
  Strike   Receive   Pay   Notional
Amount
(000)#
  Value
1-Year Interest Rate Swap, 08/05/27   Call   BNP   08/04/26   4.35%   4.35%(Q)   3 Month BBSW(Q)/ 4.498%   AUD 155,465    $9
1-Year Interest Rate Swap, 02/07/29   Call   JPM   02/03/28   2.24%   2.24%(A)   3 Month EURIBOR(Q)/ 2.484%   EUR 40,420   51,556
2-Year Interest Rate Swap, 07/28/29   Call   GSI   07/28/27   6.94%   6.94%(A)   1 Day ZARONIA(A)/ 6.858%   ZAR 738,405   89,702
5-Year Interest Rate Swap, 08/13/31   Call   CITI   08/11/26   3.29%   3.29%(A)   1 Day SOFR(A)/ 3.660%     11,965   —
10-Year Interest Rate Swap, 08/05/36   Call   BNP   08/04/26   5.00%   5.00%(S)   6 Month BBSW(S)/ 4.828%   AUD 9,720   3,371
15-Year Interest Rate Swap, 07/20/43   Call   JPM   07/18/28   2.80%   2.80%(A)   1 Day TONAR(A)/ 0.977%   JPY 724,090   61,286
20-Year Interest Rate Swap, 10/25/50   Call   DB   10/24/30   4.81%   4.81%(S)   6 Month BBSW(S)/ 4.828%   AUD 10,000   244,909
CDX.NA.IG.46.V1, 06/20/31   Call   BOA   09/16/26   0.53%   1.00%(Q)   CDX.NA.IG.46.V1(Q)     13,902   12,317
CDX.NA.IG.46.V1, 06/20/31   Call   RBC   12/16/26   0.50%   1.00%(Q)   CDX.NA.IG.46.V1(Q)     17,359   15,732
CDX.NA.IG.46.V1, 06/20/31   Call   RBC   12/16/26   0.50%   1.00%(Q)   CDX.NA.IG.46.V1(Q)     8,680   7,866
1-Year Interest Rate Swap, 09/23/27   Put   CITI   09/21/26   2.80%   3 Month EURIBOR(Q)/ 2.484%   2.80%(A)   EUR 49,330   85,056
2-Year Interest Rate Swap, 11/06/28   Put   BNP   11/04/26   3.21%   1 Day SOFR(A)/ 3.660%   3.21%(A)     68,380   1,292,095
5-Year Interest Rate Swap, 08/13/31   Put   CITI   08/11/26   3.89%   1 Day SOFR(A)/ 3.660%   3.89%(A)     11,965   157,763
34

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Options Purchased (continued):
OTC Swaptions    
Description   Call/
Put
  Counterparty   Expiration
Date
  Strike   Receive   Pay   Notional
Amount
(000)#
  Value
20-Year Interest Rate Swap, 10/25/50   Put   DB   10/24/30   4.81%   6 Month BBSW(S)/ 4.828%   4.81%(S)   AUD 10,000    $668,890
CDX.NA.HY.46.V2, 06/20/31   Put   BOA   09/16/26   $107.00   CDX.NA.HY.46.V2(Q)   5.00%(Q)     1,210   7,778
CDX.NA.HY.46.V2, 06/20/31   Put   BARC   10/21/26   $106.00   CDX.NA.HY.46.V2(Q)   5.00%(Q)     1,210   8,946
CDX.NA.IG.46.V1, 06/20/31   Put   DB   09/16/26   0.55%   CDX.NA.IG.46.V1(Q)   1.00%(Q)     12,705   15,653
CDX.NA.IG.46.V1, 06/20/31   Put   JPM   09/16/26   0.60%   CDX.NA.IG.46.V1(Q)   1.00%(Q)     51,900   37,383
Total Options Purchased (cost $1,583,459)       $2,760,312
Options Written:
OTC Swaptions
Description   Call/
Put
  Counterparty   Expiration
Date
  Strike   Receive   Pay   Notional
Amount
(000)#
  Value
1-Year Interest Rate Swap, 08/05/27   Call   BNP   08/04/26   4.10%   3 Month BBSW(Q)/ 4.498%   4.10%(Q)   AUD 233,198    $—
1-Year Interest Rate Swap, 09/27/28   Call   BOA   09/23/27   2.75%   1 Day SOFR(T)/ 3.660%   2.75%(T)     42,370   (26,473)
1-Year Interest Rate Swap, 09/28/28   Call   BNP   09/24/27   2.75%   1 Day SOFR(T)/ 3.660%   2.75%(T)     42,370   (26,570)
1-Year Interest Rate Swap, 02/07/29   Call   JPM   02/03/28   1.74%   3 Month EURIBOR(Q)/ 2.484%   1.74%(A)   EUR 40,420   (23,924)
2-Year Interest Rate Swap, 07/28/29   Call   GSI   07/28/27   5.74%   1 Day ZARONIA(A)/ 6.858%   5.74%(A)   ZAR 738,405   (3,930)
5-Year Interest Rate Swap, 08/13/31   Call   CITI   08/11/26   3.09%   1 Day SOFR(A)/ 3.660%   3.09%(A)     11,965   —
10-Year Interest Rate Swap, 08/05/36   Call   BNP   08/04/26   4.75%   6 Month BBSW(S)/ 4.828%   4.75%(S)   AUD 9,720   —
CDX.NA.IG.46.V1, 06/20/31   Call   DB   09/16/26   0.48%   CDX.NA.IG.46.V1(Q)   1.00%(Q)     12,705   (2,026)
1-Year Interest Rate Swap, 08/11/27   Put   MSI   08/10/26   3.21%   3.21%(Q)   3 Month KWCDC(Q)/ 2.950%   KRW 135,200,000   (208,735)
1-Year Interest Rate Swap, 09/23/27   Put   CITI   09/21/26   3.24%   3.24%(A)   3 Month EURIBOR(Q)/ 2.484%   EUR 98,660   (23,975)
1-Year Interest Rate Swap, 09/23/27   Put   CITI   09/21/26   4.40%   4.40%(T)   1 Day SONIA(T)/ 3.731%   GBP 22,440   (20,278)
1-Year Interest Rate Swap, 09/27/28   Put   BOA   09/23/27   2.75%   2.75%(T)   1 Day SOFR(T)/ 3.660%     42,370   (594,954)
1-Year Interest Rate Swap, 09/28/28   Put   BNP   09/24/27   2.75%   2.75%(T)   1 Day SOFR(T)/ 3.660%     42,370   (594,873)
2-Year Interest Rate Swap, 11/06/28   Put   BNP   11/04/26   3.49%   3.49%(A)   1 Day SOFR(A)/ 3.660%     68,380   (940,049)
35
PGIM Global Total Return Fund

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Options Written (continued):
OTC Swaptions
Description   Call/
Put
  Counterparty   Expiration
Date
  Strike   Receive   Pay   Notional
Amount
(000)#
  Value
2-Year Interest Rate Swap, 11/06/28   Put   BNP   11/04/26   3.69%   3.69%(A)   1 Day SOFR(A)/ 3.660%     68,380    $(710,459)
2-Year Interest Rate Swap, 07/28/29   Put   GSI   07/28/27   8.62%   8.62%(A)   1 Day ZARONIA(A)/ 6.858%   ZAR 738,405   (122,407)
5-Year Interest Rate Swap, 08/13/31   Put   CITI   08/11/26   3.69%   3.69%(A)   1 Day SOFR(A)/ 3.660%     11,965   (263,986)
15-Year Interest Rate Swap, 07/20/43   Put   JPM   07/18/28   4.17%   4.17%(A)   1 Day TONAR(A)/ 0.977%   JPY 724,090   (107,038)
CDX.NA.HY.46.V2, 06/20/31   Put   BOA   09/16/26   $105.50   5.00%(Q)   CDX.NA.HY.46.V2(Q)     1,820   (5,383)
CDX.NA.HY.46.V2, 06/20/31   Put   BARC   10/21/26   $102.00   5.00%(Q)   CDX.NA.HY.46.V2(Q)     1,210   (2,804)
CDX.NA.HY.46.V2, 06/20/31   Put   BARC   10/21/26   $104.00   5.00%(Q)   CDX.NA.HY.46.V2(Q)     1,210   (4,684)
CDX.NA.IG.46.V1, 06/20/31   Put   DB   09/16/26   0.68%   1.00%(Q)   CDX.NA.IG.46.V1(Q)     25,410   (9,778)
CDX.NA.IG.46.V1, 06/20/31   Put   JPM   09/16/26   0.70%   1.00%(Q)   CDX.NA.IG.46.V1(Q)     103,800   (33,653)
CDX.NA.IG.46.V1, 06/20/31   Put   BOA   09/16/26   0.75%   1.00%(Q)   CDX.NA.IG.46.V1(Q)     13,902   (3,338)
CDX.NA.IG.46.V1, 06/20/31   Put   RBC   12/16/26   0.88%   1.00%(Q)   CDX.NA.IG.46.V1(Q)     17,359   (15,307)
CDX.NA.IG.46.V1, 06/20/31   Put   RBC   12/16/26   1.00%   1.00%(Q)   CDX.NA.IG.46.V1(Q)     8,680   (5,674)
Total Options Written (premiums received $1,588,952)       $(3,750,298)
Futures contracts outstanding at July 31, 2026:
Number
of
Contracts
  Type   Expiration
Date
  Current
Notional
Amount
  Value /
Unrealized
Appreciation
(Depreciation)
Long Positions:
1,142   5 Year U.S. Treasury Notes   Sep. 2026    $121,025,232    $(850,948)
52   10 Year Euro-Bund   Sep. 2026   7,457,098   (149,711)
693   10 Year U.S. Treasury Notes   Sep. 2026   74,844,000   (920,849)
223   10 Year U.S. Ultra Treasury Notes   Sep. 2026   24,463,798   (431,170)
85   20 Year U.S. Treasury Bonds   Sep. 2026   9,206,563   (61,060)
1   30 Year Euro Buxl   Sep. 2026   122,026   (6,482)
494   30 Year U.S. Ultra Treasury Bonds   Sep. 2026   54,185,625   (2,150,106)
1,069   Japanese Yen Currency   Sep. 2026   84,377,506   334,231
                (4,236,095)
Short Positions:
605   30 Day Federal Funds   Aug. 2026   242,952,143   (214,734)
328   2 Year U.S. Treasury Notes   Sep. 2026   67,439,875   202,937
589   5 Year Euro-Bobl   Sep. 2026   77,320,737   614,001
388   British Pound Currency   Sep. 2026   32,693,850   (41,663)
98   Euro Currency   Sep. 2026   14,148,750   118,553
36   Euro Schatz Index   Sep. 2026   4,377,796   18,233
                697,327
                $(3,538,768)
36

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Bond forward contracts outstanding at July 31, 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                              
4.875%, 08/15/45   GSI   09/10/26     47,250   $97.82    $46,221,121    $44,994,663    $—    $(1,226,458)
U.S. Treasury Note                              
4.000%, 05/31/28   JPM   09/17/26     52,700   $99.87   52,630,939   52,458,476   —   (172,463)
                      $98,852,060   $97,453,139   $—   $(1,398,921)
Forward foreign currency exchange contracts outstanding at July 31, 2026:
Purchase
Contracts
  Counterparty   Notional
Amount
(000)
  Value at
Settlement
Date
  Current
Value
  Unrealized
Appreciation
  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts:
Australian Dollar,
Expiring 10/22/26   BNP   AUD 22,567    $15,731,491    $15,857,224    $125,733    $—
Expiring 10/22/26   UAG   AUD 1,468   1,022,260   1,031,466   9,206   —
Brazilian Real,
Expiring 08/04/26   BARC   BRL 6,559   1,253,839   1,292,643   38,804   —
Expiring 08/04/26   BARC   BRL 6,559   1,252,926   1,292,642   39,716   —
Expiring 09/02/26   BNP   BRL 6,559   1,270,676   1,283,069   12,393   —
Expiring 09/02/26   CITI   BRL 6,559   1,271,920   1,283,069   11,149   —
Canadian Dollar,
Expiring 10/22/26   HSBC   CAD 1,079   769,415   772,351   2,936   —
Expiring 10/22/26   RBC   CAD 7,046   5,034,348   5,044,934   10,586   —
Chilean Peso,
Expiring 09/16/26   HSBC   CLP 1,149,859   1,286,959   1,237,184   —   (49,775)
Chinese Renminbi,
Expiring 09/16/26   BOA   CNH 56,878   8,409,879   8,451,982   42,103   —
Expiring 09/16/26   MSI   CNH 560,183   83,058,775   83,243,088   184,313   —
Danish Krone,
Expiring 10/22/26   JPM   DKK 9,828   1,510,366   1,522,697   12,331   —
Euro,
Expiring 10/22/26   CITI   EUR 7,563   8,661,500   8,749,695   88,195   —
Indonesian Rupiah,
Expiring 09/16/26   SCB   IDR 64,734,000   3,557,888   3,574,495   16,607   —
Israeli Shekel,
Expiring 09/16/26   CITI   ILS 13,808   4,816,761   4,524,582   —   (292,179)
Malaysian Ringgit,
Expiring 09/17/26   BARC   MYR 46,486   11,641,922   11,391,442   —   (250,480)
Polish Zloty,
Expiring 10/22/26   MSI   PLN 10,195   2,697,059   2,729,015   31,956   —
Singapore Dollar,
Expiring 09/16/26   BNP   SGD 6,487   5,068,274   5,075,418   7,144   —
South African Rand,
Expiring 09/16/26   JPM   ZAR 43,530   2,620,247   2,625,058   4,811   —
South Korean Won,
Expiring 09/16/26   HSBC   KRW 45,114,815   29,383,102   31,279,989   1,896,887   —
Thai Baht,
Expiring 09/16/26   MSI   THB 240,493   7,339,721   7,229,105   —   (110,616)
              $197,659,328   $199,491,148   2,534,870   (703,050)
    
Sale
Contracts
  Counterparty   Notional
Amount
(000)
  Value at
Settlement
Date
  Current
Value
  Unrealized
Appreciation
  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts:
Brazilian Real,
Expiring 08/04/26   BNP   BRL 6,559    $1,279,550    $1,292,642    $—    $(13,092)
Expiring 08/04/26   CITI   BRL 6,559   1,280,874   1,292,642   —   (11,768)
37
PGIM Global Total Return Fund

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at July 31, 2026 (continued):
Sale
Contracts
  Counterparty   Notional
Amount
(000)
  Value at
Settlement
Date
  Current
Value
  Unrealized
Appreciation
  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts (cont’d.):
British Pound,
Expiring 10/22/26   DB   GBP 2,054    $2,771,186    $2,767,724    $3,462    $—
Chinese Renminbi,
Expiring 09/16/26   BOA   CNH 29,524   4,396,090   4,387,274   8,816   —
Expiring 09/16/26   GSI   CNH 17,990   2,661,552   2,673,346   —   (11,794)
Expiring 09/16/26   RBC   CNH 25,399   3,770,202   3,774,265   —   (4,063)
Colombian Peso,
Expiring 09/16/26   BNP   COP 15,306,091   4,181,044   4,798,555   —   (617,511)
Euro,
Expiring 08/04/26   BOA   EUR 1,342   1,528,111   1,547,990   —   (19,879)
Expiring 10/22/26   BNP   EUR 55,169   63,338,695   63,827,070   —   (488,375)
Expiring 10/22/26   BNY   EUR 64,364   74,070,084   74,464,914   —   (394,830)
Expiring 10/22/26   CITI   EUR 1,342   1,539,653   1,553,063   —   (13,410)
Expiring 10/22/26   MSI   EUR 1,547   1,787,168   1,789,633   —   (2,465)
Expiring 10/22/26   SSB   EUR 64,364   74,035,456   74,464,914   —   (429,458)
Expiring 10/22/26   WF   EUR 1,787   2,046,966   2,067,163   —   (20,197)
Japanese Yen,
Expiring 10/22/26   CITI   JPY 3,205,720   19,953,319   20,281,946   —   (328,627)
Mexican Peso,
Expiring 09/17/26   JPM   MXN 60,926   3,468,392   3,503,460   —   (35,068)
South Korean Won,
Expiring 09/16/26   BNP   KRW 1,816,752   1,270,900   1,259,630   11,270   —
Swedish Krona,
Expiring 10/22/26   CITI   SEK 86,566   9,049,467   9,131,280   —   (81,813)
Swiss Franc,
Expiring 10/22/26   CITI   CHF 3,803   4,740,504   4,746,758   —   (6,254)
              $277,169,213   $279,624,269   23,548   (2,478,604)
                      $2,558,418   $(3,181,654)
Credit default swap agreements outstanding at July 31, 2026:
Reference Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)**:
Arab Republic of Egypt (D01)   06/20/31   1.000%(Q)     2,000    $156,200    $311    $155,889   DB
Dominican Republic (D01)   06/20/31   1.000%(Q)     2,000   28,926   311   28,615   DB
Federal Republic of Nigeria (D01)   06/20/31   1.000%(Q)     2,000   120,256   311   119,945   DB
Federation of Malaysia (D01)   06/20/31   1.000%(Q)     2,000   (57,770)   311   (58,081)   DB
Federative Republic of Brazil (D01)   06/20/31   1.000%(Q)     7,000   67,600   1,089   66,511   DB
Islamic Republic of Pakistan (D01)   06/20/31   1.000%(Q)     2,000   214,105   311   213,794   DB
Kingdom of Bahrain (D01)   06/20/31   1.000%(Q)     2,000   163,814   311   163,503   DB
Kingdom of Morocco (D01)   06/20/31   1.000%(Q)     2,000   (19,093)   311   (19,404)   DB
Kingdom of Saudi Arabia (D01)   06/20/31   1.000%(Q)     7,000   (117,182)   1,089   (118,271)   DB
Oriental Republic of Uruguay (D01)   06/20/31   1.000%(Q)     2,000   (42,439)   311   (42,750)   DB
People’s Republic of China (D01)   06/20/31   1.000%(Q)     7,000   (198,939)   1,089   (200,028)   DB
Republic of Angola (D01)   06/20/31   1.000%(Q)     2,000   231,834   311   231,523   DB
Republic of Argentina (D01)   06/20/31   1.000%(Q)     2,000   300,259   311   299,948   DB
Republic of Chile (D01)   06/20/31   1.000%(Q)     2,000   (48,279)   311   (48,590)   DB
Republic of Colombia (D01)   06/20/31   1.000%(Q)     6,000   112,198   933   111,265   DB
Republic of Costa Rica (D01)   06/20/31   1.000%(Q)     2,000   9,480   311   9,169   DB
Republic of Ecuador (D01)   06/20/31   1.000%(Q)     2,000   235,106   311   234,795   DB
Republic of El Salvador (D01)   06/20/31   1.000%(Q)     2,000   107,279   311   106,968   DB
Republic of Guatemala (D01)   06/20/31   1.000%(Q)     2,000   (2,281)   311   (2,592)   DB
Republic of Indonesia (D01)   06/20/31   1.000%(Q)     7,000   (27,820)   1,089   (28,909)   DB
Republic of Ivory Coast (D01)   06/20/31   1.000%(Q)     2,000   105,008   311   104,697   DB
Republic of Kazakhstan (D01)   06/20/31   1.000%(Q)     2,000   (23,121)   311   (23,432)   DB
38

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2026 (continued):
Reference Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)**(cont’d.):
Republic of Kenya (D01)   06/20/31   1.000%(Q)     2,000    $199,972    $311    $199,661   DB
Republic of Panama (D01)   06/20/31   1.000%(Q)     3,000   (10,867)   467   (11,334)   DB
Republic of Peru (D01)   06/20/31   1.000%(Q)     2,000   (34,603)   311   (34,914)   DB
Republic of Philippines (D01)   06/20/31   1.000%(Q)     2,000   (30,051)   311   (30,362)   DB
Republic of South Africa (D01)   06/20/31   1.000%(Q)     7,000   78,691   1,089   77,602   DB
Republic of Turkey (D01)   06/20/31   1.000%(Q)     7,000   392,913   1,089   391,824   DB
Sultanate of Oman (D01)   06/20/31   1.000%(Q)     2,000   (20,937)   311   (21,248)   DB
United Mexican States (D01)   06/20/31   1.000%(Q)     7,000   (49,410)   1,089   (50,499)   DB
Arab Republic of Egypt (D02)   06/20/31   1.000%(Q)     2,000   156,200   3,366   152,834   BARC
Dominican Republic (D02)   06/20/31   1.000%(Q)     2,000   28,926   3,366   25,560   BARC
Federal Republic of Nigeria (D02)   06/20/31   1.000%(Q)     2,000   120,256   3,366   116,890   BARC
Federation of Malaysia (D02)   06/20/31   1.000%(Q)     2,000   (57,770)   3,366   (61,136)   BARC
Federative Republic of Brazil (D02)   06/20/31   1.000%(Q)     7,000   67,600   11,781   55,819   BARC
Islamic Republic of Pakistan (D02)   06/20/31   1.000%(Q)     2,000   214,105   3,366   210,739   BARC
Kingdom of Bahrain (D02)   06/20/31   1.000%(Q)     2,000   163,814   3,366   160,448   BARC
Kingdom of Morocco (D02)   06/20/31   1.000%(Q)     2,000   (19,093)   3,366   (22,459)   BARC
Kingdom of Saudi Arabia (D02)   06/20/31   1.000%(Q)     7,000   (117,183)   11,781   (128,964)   BARC
Oriental Republic of Uruguay (D02)   06/20/31   1.000%(Q)     2,000   (42,439)   3,366   (45,805)   BARC
People’s Republic of China (D02)   06/20/31   1.000%(Q)     7,000   (198,940)   11,781   (210,721)   BARC
Republic of Angola (D02)   06/20/31   1.000%(Q)     2,000   231,834   3,366   228,468   BARC
Republic of Argentina (D02)   06/20/31   1.000%(Q)     2,000   300,259   3,366   296,893   BARC
Republic of Chile (D02)   06/20/31   1.000%(Q)     2,000   (48,279)   3,366   (51,645)   BARC
Republic of Colombia (D02)   06/20/31   1.000%(Q)     6,000   112,198   10,098   102,100   BARC
Republic of Costa Rica (D02)   06/20/31   1.000%(Q)     2,000   9,480   3,366   6,114   BARC
Republic of Ecuador (D02)   06/20/31   1.000%(Q)     2,000   235,106   3,366   231,740   BARC
Republic of El Salvador (D02)   06/20/31   1.000%(Q)     2,000   107,279   3,366   103,913   BARC
Republic of Guatemala (D02)   06/20/31   1.000%(Q)     2,000   (2,281)   3,366   (5,647)   BARC
Republic of Indonesia (D02)   06/20/31   1.000%(Q)     7,000   (27,821)   11,781   (39,602)   BARC
Republic of Ivory Coast (D02)   06/20/31   1.000%(Q)     2,000   105,008   3,366   101,642   BARC
Republic of Kazakhstan (D02)   06/20/31   1.000%(Q)     2,000   (23,121)   3,366   (26,487)   BARC
Republic of Kenya (D02)   06/20/31   1.000%(Q)     2,000   199,972   3,366   196,606   BARC
Republic of Panama (D02)   06/20/31   1.000%(Q)     3,000   (10,867)   5,049   (15,916)   BARC
Republic of Peru (D02)   06/20/31   1.000%(Q)     2,000   (34,603)   3,366   (37,969)   BARC
Republic of Philippines (D02)   06/20/31   1.000%(Q)     2,000   (30,051)   3,366   (33,417)   BARC
Republic of South Africa (D02)   06/20/31   1.000%(Q)     7,000   78,691   11,781   66,910   BARC
Republic of Turkey (D02)   06/20/31   1.000%(Q)     7,000   392,913   11,781   381,132   BARC
Sultanate of Oman (D02)   06/20/31   1.000%(Q)     2,000   (20,937)   3,366   (24,303)   BARC
United Mexican States (D02)   06/20/31   1.000%(Q)     7,000   (49,411)   11,781   (61,192)   BARC
                    $3,681,694   $183,854   $3,497,840    
    
Reference Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Implied
Credit
Spread at
July 31,
2026(4)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Packaged Credit Default Swap Agreements on credit indices— Sell Protection(2)**:
CDX.EM.45.V1 (D01)   06/20/31   1.000%(Q)     100,000   1.453%    $(1,824,562)    $(24,881)    $(1,799,681)   DB
CDX.EM.45.V1 (D02)   06/20/31   1.000%(Q)     100,000   1.453%   (1,824,562)   (187,536)   (1,637,026)   BARC
                      $(3,649,124)   $(212,417)   $(3,436,707)    
** The Fund entered into multiple credit default swap agreements in a packaged trade consisting of two parts. The Fund bought/sold protection on an Emerging Market CDX Index and bought/sold protection on the countries which comprise the index. The upfront premium is attached to the index of the trade for the Emerging Markets CDX package(s). Each swap is priced individually. If any of the component swaps are closed out early, the Index exposure will be reduced by an amount proportionate to the terminated swap(s). Individual packages in the tables above are denoted by the corresponding footnotes (D01 - D02).
    
39
PGIM Global Total Return Fund

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2026 (continued):
Reference Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Implied
Credit
Spread at
July 31,
2026(4)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Credit Default Swap Agreement on asset-backed and/or mortgage-backed securities - Sell Protection(2)^:
GS_24-PCA   08/02/27   1.650%(M)     6,770   *    $9,640   $(3,606)   $13,246   GSI
    
Reference Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1):
Arab Republic of Egypt   06/20/30   1.000%(Q)     4,700    $259,568    $688,947    $(429,379)   GSI
China Development Bank   06/20/29   1.000%(Q)     6,695   (138,342)   (39,545)   (98,797)   JPM
Gazprom PAO   06/20/27   1.000%(Q)     8,650   1,473,759   869,036   604,723   HSBC
Gazprom PAO   06/20/27   1.000%(Q)     1,000   170,377   70,145   100,232   HSBC
Gazprom PAO   06/20/27   1.000%(Q)     600   102,226   69,922   32,304   JPM
Gazprom PAO   12/20/27   1.000%(Q)     3,300   634,311   447,625   186,686   JPM
Industrial & Commercial Bank of China Ltd.   06/20/29   1.000%(Q)     6,695   (145,292)   (34,583)   (110,709)   JPM
Petroleos Mexicanos   09/20/27   1.000%(Q)     4,500   10,263   138,842   (128,579)   MSI
Petroleos Mexicanos   06/20/29   1.000%(Q)     1,000   19,692   97,870   (78,178)   BARC
Petroleos Mexicanos   12/20/29   1.000%(Q)     4,050   106,666   504,113   (397,447)   BARC
Petroleos Mexicanos   06/20/30   1.000%(Q)     1,800   58,857   204,997   (146,140)   MSI
Petroleos Mexicanos   12/20/30   1.000%(Q)     1,000   42,615   158,980   (116,365)   BARC
Republic of France   12/20/26   0.250%(Q)     50,000   (48,698)   (37,155)   (11,543)   JPM
Republic of France   12/20/26   0.250%(Q)     50,000   (48,698)   (33,951)   (14,747)   MSI
Republic of France   12/20/26   0.250%(Q)     25,000   (24,349)   (17,938)   (6,411)   BOA
Republic of France   12/20/26   0.250%(Q)     25,000   (24,348)   (16,967)   (7,381)   CITI
Republic of France   12/20/26   0.250%(Q)     25,000   (24,348)   (16,975)   (7,373)   GSI
Republic of France   12/20/30   0.250%(Q)     2,240   (10,164)   (5,863)   (4,301)   BARC
Republic of Italy   12/20/27   1.000%(Q)   EUR 4,935   (81,496)   (45,870)   (35,626)   BARC
Republic of Italy   12/20/30   1.000%(Q)     3,360   (101,573)   (111,321)   9,748   BARC
Republic of Panama   03/20/29   1.000%(Q)     4,010   (47,040)   (48,225)   1,185   DB
Republic of South Africa   12/20/28   1.000%(Q)     3,000   (27,809)   43,013   (70,822)   GSI
Swiss Confederation   12/20/27   0.250%(Q)     5,000   (15,672)   —   (15,672)   BARC
                    $2,140,505   $2,885,097   $(744,592)    
    
Reference Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Implied
Credit
Spread at
July 31,
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)     3,120   0.491%    $60,436    $66,736    $(6,300)   GSI
Alphabet, Inc.^   07/20/35   1.600%(Q)     1,000   *   8,170   —   8,170   GSI
America Movil SAB de CV   12/20/26   1.000%(Q)     995   0.219%   4,131   2,901   1,230   BARC
Australian Government Bond   12/20/27   1.000%(Q)     5,000   0.063%   69,361   46,902   22,459   DB
Banco Santander SA   03/20/27   1.000%(Q)   EUR 1,500   0.121%   11,609   9,514   2,095   BARC
Bank of America Corp.   06/20/27   1.000%(Q)     4,250   0.303%   30,711   23,002   7,709   GSI
Bank of America Corp.   06/20/27   1.000%(Q)     4,185   0.303%   30,241   25,656   4,585   GSI
Bank of Montreal^   11/20/29   1.250%(Q)     665   *   12,279   —   12,279   GSI
Bank of Montreal^   10/20/33   1.600%(Q)     750   *   1,199   —   1,199   GSI
Bank of Nova Scotia   12/20/26   1.000%(Q)     2,537   0.288%   9,844   7,002   2,842   CITI
Bank of Nova Scotia^   05/20/35   1.450%(Q)     1,000   *   (33,980)   (1,111)   (32,869)   GSI
Barclays Bank PLC   12/20/26   1.000%(Q)     2,694   0.254%   10,808   7,076   3,732   GSI
Barclays Bank PLC   12/20/26   1.000%(Q)   EUR 1,287   0.247%   6,018   4,244   1,774   GSI
Barclays Bank PLC   12/20/26   1.000%(Q)   EUR 202   0.247%   945   736   209   JPM
Barclays Bank PLC   03/20/27   1.000%(Q)   EUR 2,353   0.284%   15,376   12,903   2,473   MSI
BMW Finance NV   09/20/27   1.000%(Q)   EUR 1,000   0.158%   12,285   10,937   1,348   BARC
BNP Paribas SA   03/20/27   1.000%(Q)   EUR 7,820   0.175%   57,385   49,874   7,511   MSI
40

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2026 (continued):
Reference Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Implied
Credit
Spread at
July 31,
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)(cont’d.):
Canadian Imperial Bank of Commerce^   06/20/28   1.100%(Q)     535   *    $5,345    $—    $5,345   GSI
Canadian Imperial Bank of Commerce   12/20/34   1.200%(Q)     600   0.866%   14,473   —   14,473   GSI
Citigroup, Inc.   12/20/26   1.000%(Q)     1,050   0.240%   4,270   2,783   1,487   GSI
Comision Federal de Electricidad   06/20/29   1.000%(Q)     4,540   1.377%   (40,897)   (142,015)   101,118   CITI
Commerzbank AG   12/20/26   1.000%(Q)   EUR 817   0.112%   4,319   3,196   1,123   BARC
Deutsche Telekom AG   06/20/28   1.000%(Q)   EUR 1,000   0.206%   18,295   17,705   590   BARC
European Investment Bank   12/20/26   —%(Q)     6,962   0.037%   (992)   (1,347)   355   BARC
Federative Republic of Brazil   06/20/29   0.940%(Q)   BRL 33,000   0.788%   30,269   (93)   30,362   BOA
Gazprom PAO   12/20/26   1.000%(Q)     8,600   23.055%   (671,936)   (418,198)   (253,738)   HSBC
Government of Japan   06/20/28   1.000%(Q)     15,000   0.113%   261,323   197,582   63,741   CITI
Hellenic Republic   12/20/29   1.000%(Q)   EUR 5,000   0.157%   165,375   7,628   157,747   CITI
HSBC Bank PLC   06/20/27   1.000%(Q)   EUR 534   0.149%   5,330   4,677   653   BOA
Kingdom of Norway   12/20/26   —%(Q)     25,000   0.027%   (2,581)   (4,788)   2,207   BARC
Lincoln National Corp.   12/20/29   1.000%(Q)     7,100   0.949%   19,146   (77,387)   96,533   JPM
National Bank of Canada   12/20/26   1.000%(Q)     851   0.278%   3,337   2,402   935   CITI
New York Life Global Funding^   08/20/33   1.550%(Q)     1,000   *   (11,717)   —   (11,717)   GSI
New York Life Global Funding   09/20/35   2.000%(Q)     1,000   1.843%   13,570   —   13,570   GSI
Nomura Holdings, Inc.   06/20/27   1.000%(Q)     869   0.288%   6,402   5,411   991   BOA
Nomura Holdings, Inc.   12/20/27   1.000%(Q)     2,654   0.388%   24,999   23,330   1,669   BOA
Oracle Corp.   06/20/30   1.000%(Q)     1,380   1.719%   (33,000)   24,441   (57,441)   GSI
Oriental Republic of Uruguay   06/20/31   1.000%(Q)     100   0.544%   2,122   2,050   72   BARC
Pacific Life   08/20/35   2.500%(Q)     800   2.890%   (19,366)   (3)   (19,363)   GSI
People’s Republic of China   06/20/29   1.000%(Q)     13,390   0.310%   267,253   96,117   171,136   JPM
Realty Income Corp.^   02/20/36   1.300%(Q)     1,000   *   (18,629)   —   (18,629)   GSI
Republic of Chile   06/20/28   1.000%(Q)     361   0.240%   5,424   4,211   1,213   BARC
Republic of Colombia   12/20/26   1.000%(Q)     1,000   0.449%   3,252   (4,508)   7,760   CITI
Republic of Costa Rica   06/20/31   1.000%(Q)     3,045   1.134%   (14,433)   (30,189)   15,756   BARC
Republic of Cyprus   12/20/28   1.000%(Q)     1,000   0.242%   18,462   9,610   8,852   BARC
Republic of Ecuador   12/20/27   5.000%(Q)     1,295   2.135%   57,016   26,728   30,288   BARC
Republic of Ecuador   06/20/28   5.000%(Q)     2,600   2.505%   130,674   (20,634)   151,308   GSI
Republic of Ecuador   12/20/28   5.000%(Q)     2,600   2.864%   137,699   (28,012)   165,711   GSI
Republic of Estonia   12/20/26   1.000%(Q)     3,150   0.137%   14,074   2,305   11,769   JPM
Republic of Finland   06/20/27   0.250%(Q)     2,000   0.031%   4,402   1,494   2,908   BOA
Republic of France   12/20/26   0.250%(Q)     125,000   0.071%   121,743   72,742   49,001   BARC
Republic of France   12/20/26   0.250%(Q)     63,350   0.071%   61,700   36,848   24,852   BARC
Republic of France   12/20/30   0.250%(Q)     2,240   0.289%   (2,860)   (12,075)   9,215   BARC
Republic of France   06/20/34   0.250%(Q)     6,850   0.510%   (116,233)   (119,087)   2,854   CITI
Republic of France   12/20/34   0.250%(Q)     20,315   0.537%   (400,824)   (408,354)   7,530   BOA
Republic of France   12/20/34   0.250%(Q)     9,995   0.537%   (197,206)   (286,838)   89,632   BOA
Republic of France   06/20/35   0.250%(Q)     8,255   0.561%   (184,841)   (262,415)   77,574   BARC
Republic of France   06/20/35   0.250%(Q)     6,565   0.561%   (146,999)   (205,714)   58,715   BARC
Republic of Guatemala   06/20/31   1.000%(Q)     100   0.999%   114   (476)   590   BARC
Republic of Ireland   12/20/26   1.000%(Q)     2,000   0.035%   9,736   252   9,484   GSI
Republic of Ireland   06/20/27   1.000%(Q)     2,800   0.047%   26,571   7,541   19,030   MSI
Republic of Italy   06/20/30   1.000%(Q)     1,200   0.241%   34,208   (13,419)   47,627   BARC
Republic of Italy   12/20/30   1.000%(Q)     3,360   0.277%   101,572   83,418   18,154   BARC
Republic of Italy   12/20/34   1.000%(Q)     1,380   0.538%   45,990   (7,194)   53,184   CITI
Republic of Italy   12/20/34   1.000%(Q)     1,380   0.538%   45,990   (7,194)   53,184   CITI
Republic of Ivory Coast   04/07/27   1.885%(Q)     4,300   0.892%   37,986   (398)   38,384   DB
Republic of Ivory Coast   06/20/27   1.000%(Q)     3,704   0.944%   5,926   (8,007)   13,933   BARC
Republic of Ivory Coast   06/20/27   1.000%(Q)     1,000   0.944%   1,600   (1,332)   2,932   BARC
Republic of Ivory Coast   06/20/27   1.000%(Q)     1,000   0.944%   1,600   (1,729)   3,329   BARC
Republic of Ivory Coast   06/20/27   1.000%(Q)     912   0.944%   1,459   (1,577)   3,036   BARC
Republic of Kazakhstan   12/20/26   1.000%(Q)     237   0.195%   1,005   735   270   CITI
41
PGIM Global Total Return Fund

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2026 (continued):
Reference Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Implied
Credit
Spread at
July 31,
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)(cont’d.):
Republic of Kazakhstan   06/20/27   1.000%(Q)     262   0.243%    $2,034    $1,794    $240   BOA
Republic of Kazakhstan   06/20/29   1.000%(Q)     10,000   0.469%   156,131   25,470   130,661   BARC
Republic of Panama   12/20/26   1.000%(Q)     4,200   0.325%   15,927   934   14,993   CITI
Republic of Panama   06/20/27   1.000%(Q)     4,155   0.400%   26,505   19,894   6,611   CITI
Republic of Panama^   03/20/29   1.000%(Q)     4,010   *   3,371   (1,990)   5,361   DB
Republic of Peru   06/20/28   1.000%(Q)     140   0.303%   1,939   1,350   589   BARC
Republic of Romania   12/20/26   1.000%(Q)     246   0.447%   802   466   336   BOA
Republic of Serbia   06/20/31   1.000%(Q)     7,000   1.441%   (125,447)   (223,171)   97,724   MSI
Republic of South Africa   12/20/26   1.000%(Q)     715   0.237%   2,918   1,519   1,399   BARC
Republic of South Africa   06/20/31   1.000%(Q)     3,000   1.284%   (33,558)   (186,339)   152,781   MSI
Skandinaviska Enskilda Banken AB   12/20/26   1.000%(Q)     2,443   0.096%   11,312   8,264   3,048   MSI
Slovak Republic   12/20/27   1.000%(Q)     880   0.176%   10,839   9,810   1,029   BARC
Socialist Republic of Vietnam   12/20/27   1.000%(Q)     1,000   0.365%   9,725   8,097   1,628   BARC
Standard Chartered PLC   12/20/26   1.000%(Q)     1,411   0.149%   6,242   4,449   1,793   MSI
State of Illinois^   06/20/28   1.000%(Q)     1,000   *   11,799   (23,454)   35,253   CITI
State of Israel   06/20/27   1.000%(Q)     1,000   0.252%   7,681   6,835   846   CITI
State of Israel   06/20/27   1.000%(Q)     624   0.252%   4,792   4,546   246   CITI
State of Qatar   12/20/26   1.000%(Q)     4,000   0.161%   17,721   8,534   9,187   CITI
State of Qatar   12/20/26   1.000%(Q)     860   0.161%   3,762   2,878   884   BARC
Stellantis NV   12/20/26   1.000%(Q)   EUR 1,134   0.316%   4,946   3,816   1,130   BARC
The Republic of Poland   09/20/26   1.000%(T)     10,000   0.150%   23,040   11,930   11,110   CITI
TotalEnergies Capital SA   12/20/26   1.000%(Q)   EUR 600   0.086%   3,243   2,496   747   BARC
TotalEnergies Capital SA   12/20/26   1.000%(Q)   EUR 100   0.086%   541   434   107   JPM
UBS Group AG   12/20/26   1.000%(Q)   EUR 2,000   0.122%   10,479   7,836   2,643   GSI
United Kingdom of Great Britain and Northern Ireland   12/20/27   1.000%(Q)     1,000   0.076%   13,697   6,176   7,521   DB
United Kingdom of Great Britain and Northern Ireland   12/20/28   1.000%(Q)     5,000   0.100%   108,882   69,351   39,531   BARC
United Mexican States   12/20/26   1.000%(Q)     4,000   0.257%   16,003   365   15,638   GSI
Verizon Communications, Inc.   06/20/27   1.000%(Q)     1,526   0.349%   10,411   9,601   810   GSI
Volkswagen AG   12/20/26   1.000%(Q)   EUR 500   0.237%   2,360   1,841   519   BARC
Wells Fargo & Co.   12/20/26   1.000%(Q)     950   0.209%   3,980   3,064   916   JPM
Wells Fargo & Co.   12/20/26   1.000%(Q)     100   0.209%   419   311   108   JPM
Wells Fargo & Co.   06/20/27   1.000%(Q)     1,000   0.243%   7,761   6,115   1,646   GSI
                      $498,592   $(1,370,183)   $1,868,775    
    
Reference Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Implied
Credit
Spread at
July 31,
2026(4)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Credit Default Swap Agreements on credit indices - Sell Protection(2):
CMBX.NA.11.AAA   11/18/54   0.500%(M)   1,999   *    $6,038    $8,530    $(2,492)   GSI
CMBX.NA.12.AAA   08/17/61   0.500%(M)   2,000   *   7,107   11,527   (4,420)   GSI
CMBX.NA.13.AAA   12/16/72   0.500%(M)   2,000   *   11,076   14,158   (3,082)   GSI
CMBX.NA.14.AAA   12/16/72   0.500%(M)   5,000   *   25,687   24,852   835   GSI
CMBX.NA.16.AAA   04/17/65   0.500%(M)   10,919   *   (27,972)   (92,405)   64,433   CITI
CMBX.NA.17.AAA   12/15/56   0.500%(M)   25,000   *   (226,150)   (306,790)   80,640   CITI
CMBX.NA.17.AAA   12/15/56   0.500%(M)   16,065   *   (145,324)   (197,143)   51,819   CITI
CMBX.NA.17.AAA   12/15/56   0.500%(M)   5,000   *   (45,230)   (82,316)   37,086   CITI
CMBX.NA.17.AAA   12/15/56   0.500%(M)   3,500   *   (31,661)   (83,540)   51,879   CITI
CMBX.NA.18.AAA   12/17/57   0.500%(M)   15,529   *   57,016   14,614   42,402   GSI
CMBX.NA.18.AAA   12/17/57   0.500%(M)   9,980   *   36,643   (59,405)   96,048   CITI
CMBX.NA.18.AAA   12/17/57   0.500%(M)   9,980   *   37,613   11,444   26,169   GSI
42

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2026 (continued):
Reference Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Implied
Credit
Spread at
July 31,
2026(4)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Credit Default Swap Agreements on credit indices - Sell Protection(2) (cont’d.):
CMBX.NA.18.AAA   12/17/57   0.500%(M)   8,982   *    $32,978    $(10,401)    $43,379   CITI
CMBX.NA.18.AAA   12/17/57   0.500%(M)   998   *   3,761   1,045   2,716   CITI
CMBX.NA.19.AAA   12/17/58   0.500%(M)   15,500   *   46,204   10,291   35,913   CITI
CMBX.NA.19.AAA   12/17/58   0.500%(M)   14,910   *   44,445   (1,654)   46,099   CITI
                      $(167,769)   $(737,193)   $569,424    
The Fund entered into credit default swaps (“CDS”) to provide a measure of protection against defaults or to take an active long or short position with respect to the likelihood of a particular issuer’s default or the reference entity’s credit soundness. CDS contracts generally trade based on a spread which represents the cost a protection buyer has to pay the protection seller. The protection buyer is said to be short the credit as the value of the contract rises the more the credit deteriorates. The value of the CDS contract increases for the protection buyer if the spread increases.
(1) If the Fund is a buyer of protection, it pays the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and make delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(2) If the Fund is a seller of protection, it receives the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(3) Notional amount represents the maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.
(4) Implied credit spreads, represented in absolute terms, utilized in determining the fair value of credit default swap agreements where the Fund is the seller of protection as of the reporting date serve as an indicator of the current status of the payment/performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include up-front payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement.
* When an implied credit spread is not available, reference the fair value of credit default swap agreements on credit indices and asset-backed securities. Where the Fund is the seller of protection, it serves as an indicator of the current status of the payment/performance risk and represents the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the reporting date. Increasing fair value in absolute terms, when compared to the notional amount of the swap, represents a deterioration of the referenced entity’s credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement.
    
Currency swap agreement outstanding at July 31, 2026:
Notional
Amount
(000)#
  Fund
Receives
  Notional
Amount
(000)#
  Fund
Pays
  Counterparty   Termination
Date
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
OTC Currency Swap Agreement:
CNH 10,000   2.350%(Q)     1,564   1 Day SOFR(Q)/ 3.660%   SCB   01/10/27    $(77,102)    $—   $(77,102)
43
PGIM Global Total Return Fund

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2026:
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
July 31,
2026
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements:
AUD 18,000   12/03/29   2.700%(S)   6 Month BBSW(2)(S)/ 4.828%    $(445,617)    $(864,848)    $(419,231)
AUD 10,000   07/10/33   2.987%(S)   6 Month BBSW(2)(S)/ 4.828%   79,366   (812,704)   (892,070)
AUD 24,760   11/07/35   4.330%(S)   6 Month BBSW(2)(S)/ 4.828%   —   (944,568)   (944,568)
AUD 3,010   12/03/35   2.850%(S)   6 Month BBSW(2)(S)/ 4.828%   (322,293)   (357,754)   (35,461)
AUD 10,000   03/26/36   2.101%(S)   6 Month BBSW(2)(S)/ 4.828%   —   (1,674,722)   (1,674,722)
AUD 1,595   12/03/40   2.900%(S)   6 Month BBSW(2)(S)/ 4.828%   (178,789)   (271,522)   (92,733)
CAD 9,800   12/03/35   3.500%(S)   1 Day CORRA(2)(S)/ 2.370%   242,643   78,664   (163,979)
CAD 3,410   12/03/48   3.450%(S)   1 Day CORRA(2)(S)/ 2.370%   (60,672)   (117,997)   (57,325)
CAD 2,220   12/03/50   3.350%(S)   1 Day CORRA(2)(S)/ 2.370%   (70,909)   (105,893)   (34,984)
CAD 415   12/03/54   3.250%(S)   1 Day CORRA(1)(S)/ 2.370%   (1,955)   25,661   27,616
CHF 14,500   01/31/29   0.260%(A)   1 Day SARON(2)(S)/ (0.049)%   (21,677)   (19,180)   2,497
CHF 800   10/17/31   0.033%(A)   1 Day SARON(2)(S)/ (0.049)%   (400)   (25,301)   (24,901)
CHF 4,000   11/05/31   0.125%(A)   1 Day SARON(2)(A)/ (0.049)%   —   (79,272)   (79,272)
CHF 700   04/03/33   0.687%(A)   1 Day SARON(2)(S)/ (0.049)%   (2,468)   6,352   8,820
CHF 1,050   12/13/34   0.371%(A)   1 Day SARON(2)(A)/ (0.049)%   —   (22,218)   (22,218)
CHF 1,135   05/08/35   2.000%(A)   1 Day SARON(2)(A)/ (0.049)%   199,886   174,121   (25,765)
CHF 19,925   07/04/35   0.519%(A)   1 Day SARON(2)(A)/ (0.049)%   —   (242,295)   (242,295)
CLP 634,000   02/11/30   3.085%(T)   1 Day CLOIS(2)(T)/ 4.500%   —   (48,609)   (48,609)
CLP 800,000   07/13/30   2.030%(S)   1 Day CLOIS(2)(S)/ 4.500%   —   (96,908)   (96,908)
CNH 6,300   12/22/26   2.460%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.457%   —   4,744   4,744
CNH 434,070   05/11/28   2.600%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.457%   378,123   1,513,048   1,134,925
CNH 69,650   12/06/28   2.400%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.457%   —   250,067   250,067
CNH 286,750   05/15/29   2.027%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.457%   —   762,412   762,412
CNH 95,000   07/23/29   1.873%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.457%   102,408   187,789   85,381
CNH 60,000   12/12/29   1.496%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.457%   —   20,954   20,954
CNH 144,425   05/11/30   1.500%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.457%   (63,342)   53,519   116,861
CNH 43,200   03/13/31   1.588%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.457%   —   38,255   38,255
CNH 62,000   07/01/31   1.448%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.457%   —   (6,613)   (6,613)
CZK 61,015   03/17/31   4.370%(A)   6 Month PRIBOR(2)(S)/ 3.950%   —   (6,452)   (6,452)
CZK 72,000   03/30/36   4.420%(A)   6 Month PRIBOR(2)(S)/ 3.950%   —   (47,614)   (47,614)
CZK 51,000   05/20/36   4.700%(A)   6 Month PRIBOR(2)(S)/ 3.950%   —   18,678   18,678
DKK 5,000   08/29/26   0.580%(A)   6 Month CIBOR(2)(S)/ 2.713%   1   (4,250)   (4,251)
DKK 1,300   10/21/26   0.673%(A)   6 Month CIBOR(2)(S)/ 2.713%   (3)   (1,149)   (1,146)
DKK 13,000   03/15/27   1.123%(A)   6 Month CIBOR(2)(S)/ 2.713%   —   (29,419)   (29,419)
DKK 1,865   06/22/27   0.987%(A)   6 Month CIBOR(2)(S)/ 2.713%   —   (5,275)   (5,275)
DKK 9,925   07/10/35   3.200%(A)   6 Month CIBOR(2)(S)/ 2.713%   40,182   (19,390)   (59,572)
EUR 68,585   05/20/27   2.273%(T)   3 Month EURIBOR(2)(Q)/ 2.484%   —   (290,374)   (290,374)
EUR 28,370   05/11/29   2.700%(A)   1 Day EuroSTR(1)(A)/ 2.184%   (78,453)   (17,305)   61,148
EUR 18,515   10/11/29   2.101%(A)   1 Day EuroSTR(1)(A)/ 2.184%   —   400,943   400,943
EUR 27,230   08/15/30   (0.191)%(A)   1 Day EuroSTR(2)(A)/ 2.184%   (6,305)   (4,220,466)   (4,214,161)
EUR 46,495   05/11/31   2.650%(A)   1 Day EuroSTR(1)(A)/ 2.184%   (384,439)   266,734   651,173
EUR 6,400   02/23/32   1.180%(A)   6 Month EURIBOR(2)(S)/ 2.706%   86   (750,345)   (750,431)
EUR 4,680   03/29/32   1.170%(A)   6 Month EURIBOR(2)(S)/ 2.706%   889   (563,048)   (563,937)
EUR 4,150   05/11/32   1.100%(A)   6 Month EURIBOR(2)(S)/ 2.706%   (48,820)   (519,404)   (470,584)
EUR 7,000   06/28/32   0.785%(A)   6 Month EURIBOR(2)(S)/ 2.706%   (32,239)   (1,019,527)   (987,288)
EUR 3,050   10/30/32   1.302%(A)   6 Month EURIBOR(2)(S)/ 2.706%   —   (347,271)   (347,271)
EUR 19,945   03/20/33   2.996%(A)   6 Month EURIBOR(2)(S)/ 2.706%   —   (120,757)   (120,757)
EUR 14,225   05/11/33   1.000%(A)   6 Month EURIBOR(2)(S)/ 2.706%   (206,686)   (2,183,915)   (1,977,229)
EUR 25,210   05/11/33   2.650%(A)   1 Day EuroSTR(1)(A)/ 2.184%   212,598   344,382   131,784
EUR 26,060   02/15/34   2.192%(A)   1 Day EuroSTR(1)(A)/ 2.184%   —   1,414,600   1,414,600
EUR 28,840   02/15/34   2.231%(A)   1 Day EuroSTR(1)(A)/ 2.184%   —   1,470,766   1,470,766
EUR 19,745   02/15/34   2.258%(A)   1 Day EuroSTR(1)(A)/ 2.184%   —   961,965   961,965
EUR 4,290   03/20/34   2.560%(A)   1 Day EuroSTR(1)(A)/ 2.184%   —   105,804   105,804
EUR 12,390   05/11/34   2.650%(A)   1 Day EuroSTR(2)(A)/ 2.184%   281,463   (237,162)   (518,625)
EUR 47,020   05/11/36   2.700%(A)   1 Day EuroSTR(2)(A)/ 2.184%   (967,093)   (1,274,329)   (307,236)
EUR 14,280   03/20/38   2.982%(A)   6 Month EURIBOR(1)(S)/ 2.706%   —   452,374   452,374
EUR 365   05/11/39   1.100%(A)   1 Day EuroSTR(2)(A)/ 2.184%   (2,342)   (90,781)   (88,439)
EUR 7,620   05/11/41   2.700%(A)   1 Day EuroSTR(1)(A)/ 2.184%   420,981   478,153   57,172
EUR 12,485   11/24/41   0.565%(A)   6 Month EURIBOR(1)(S)/ 2.706%   —   3,114,267   3,114,267
EUR 12,485   11/24/41   0.600%(A)   3 Month EURIBOR(2)(Q)/ 2.484%   —   (3,066,264)   (3,066,264)
EUR 30,272   11/25/41   0.629%(A)   6 Month EURIBOR(1)(S)/ 2.706%   —   7,387,835   7,387,835
44

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2026 (continued):
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
July 31,
2026
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements (cont’d.):
EUR 30,272   11/25/41   0.663%(A)   3 Month EURIBOR(2)(Q)/ 2.484%    $—    $(7,275,333)    $(7,275,333)
EUR 8,450   02/17/42   0.536%(A)   6 Month EURIBOR(2)(S)/ 2.706%   —   (3,454,347)   (3,454,347)
EUR 17,040   03/22/42   1.257%(A)   6 Month EURIBOR(1)(S)/ 2.706%   —   3,255,297   3,255,297
EUR 17,040   03/22/42   1.310%(A)   3 Month EURIBOR(2)(Q)/ 2.484%   —   (3,171,468)   (3,171,468)
EUR 1,235   07/04/42   1.001%(A)   6 Month EURIBOR(2)(S)/ 2.706%   (100,212)   (423,174)   (322,962)
EUR 15,130   02/24/43   2.910%(A)   6 Month EURIBOR(1)(S)/ 2.706%   12,548   1,020,689   1,008,141
EUR 15,130   02/24/43   2.960%(A)   3 Month EURIBOR(2)(Q)/ 2.484%   (6,506)   (724,058)   (717,552)
EUR 14,270   03/09/46   0.425%(A)   6 Month EURIBOR(2)(S)/ 2.706%   —   (7,210,510)   (7,210,510)
EUR 7,645   05/11/46   2.650%(A)   1 Day EuroSTR(2)(A)/ 2.184%   (667,536)   (763,166)   (95,630)
EUR 3,000   05/11/49   1.450%(A)   6 Month EURIBOR(2)(S)/ 2.706%   (92,812)   (1,088,049)   (995,237)
EUR 26,535   05/11/51   2.600%(A)   1 Day EuroSTR(2)(A)/ 2.184%   (2,914,677)   (3,353,686)   (439,009)
EUR 44,440   11/28/54   1.468%(A)   6 Month EURIBOR(1)(S)/ 2.706%   (31,553)   4,019,230   4,050,783
EUR 24,915   05/11/56   2.500%(A)   1 Day EuroSTR(1)(A)/ 2.184%   3,474,503   3,896,992   422,489
GBP 20,000   05/08/27   1.050%(A)   1 Day SONIA(1)(A)/ 3.731%   1,901,099   780,271   (1,120,828)
GBP 30,750   06/07/28   4.059%(A)   1 Day SONIA(2)(A)/ 3.731%   464   (145,598)   (146,062)
GBP 38,880   05/08/29   1.100%(A)   1 Day SONIA(1)(A)/ 3.731%   5,919,338   4,643,725   (1,275,613)
GBP 8,290   05/08/30   1.100%(A)   1 Day SONIA(1)(A)/ 3.731%   2,099,979   1,306,113   (793,866)
GBP 8,715   05/08/33   1.150%(A)   1 Day SONIA(1)(A)/ 3.731%   2,793,290   2,312,720   (480,570)
GBP 3,195   05/08/35   3.900%(A)   1 Day SONIA(1)(A)/ 3.731%   2,157   206,197   204,040
GBP 2,120   05/08/37   1.200%(A)   1 Day SONIA(2)(A)/ 3.731%   (503,581)   (850,801)   (347,220)
GBP 9,680   05/08/40   3.950%(A)   1 Day SONIA(2)(A)/ 3.731%   (588,239)   (1,142,891)   (554,652)
GBP 5,935   02/08/41   3.950%(A)   1 Day SONIA(1)(A)/ 3.731%   403,329   747,864   344,535
GBP 4,100   05/08/42   1.250%(A)   1 Day SONIA(2)(A)/ 3.731%   19,101   (2,244,227)   (2,263,328)
GBP 5,860   05/08/45   3.950%(A)   1 Day SONIA(1)(A)/ 3.731%   395,352   990,731   595,379
GBP 5,515   02/08/46   3.950%(A)   1 Day SONIA(2)(A)/ 3.731%   (581,375)   (966,290)   (384,915)
GBP 17,360   02/27/46   5.000%(A)   1 Day SONIA(2)(A)/ 3.731%   16,739   (674,802)   (691,541)
GBP 9,725   05/08/46   1.250%(A)   1 Day SONIA(2)(A)/ 3.731%   1,412,117   (6,262,444)   (7,674,561)
GBP 6,540   05/08/49   1.250%(A)   1 Day SONIA(2)(A)/ 3.731%   (1,323,600)   (4,589,217)   (3,265,617)
GBP 1,800   05/08/52   1.250%(A)   1 Day SONIA(2)(A)/ 3.731%   (207,730)   (1,348,520)   (1,140,790)
GBP 3,700   05/08/54   1.250%(A)   1 Day SONIA(2)(A)/ 3.731%   (1,967,817)   (2,865,612)   (897,795)
GBP 2,720   02/08/56   3.900%(A)   1 Day SONIA(2)(A)/ 3.731%   (426,769)   (648,205)   (221,436)
GBP 28,595   02/27/56   4.700%(A)   1 Day SONIA(1)(A)/ 3.731%   (18,440)   672,543   690,983
HUF 500,000   03/31/31   2.460%(A)   6 Month BUBOR(2)(S)/ 5.550%   —   (209,111)   (209,111)
ILS 21,840   07/08/30   3.950%(A)   1 Day SHIR(2)(A)/ 3.500%   1,157   145,111   143,954
JPY 2,000,000   01/04/27   (0.033)%(S)   1 Day TONAR(2)(S)/ 0.977%   1,177   (74,918)   (76,095)
JPY 2,100,000   05/06/27   0.020%(S)   1 Day TONAR(2)(S)/ 0.977%   18   (155,174)   (155,192)
JPY 2,140,000   07/08/27   0.500%(A)   1 Day TONAR(2)(A)/ 0.977%   (46,210)   (103,136)   (56,926)
JPY 2,430,000   01/08/28   0.600%(A)   1 Day TONAR(2)(A)/ 0.977%   (145,717)   (198,869)   (53,152)
JPY 6,295,000   04/11/28   0.609%(A)   1 Day TONAR(1)(A)/ 0.977%   —   618,213   618,213
JPY 7,080,000   07/08/28   (0.050)%(A)   1 Day TONAR(1)(A)/ 0.977%   1,970,701   1,397,017   (573,684)
JPY 3,674,000   07/31/28   0.268%(A)   1 Day TONAR(2)(A)/ 0.977%   —   (592,739)   (592,739)
JPY 1,800,000   11/12/28   0.011%(S)   1 Day TONAR(2)(S)/ 0.977%   35   (450,112)   (450,147)
JPY 135,000   02/20/29   1.260%(S)   1 Day TONAR(2)(S)/ 0.977%   (2,148)   (8,925)   (6,777)
JPY 2,500,000   03/22/29   0.068%(S)   1 Day TONAR(2)(S)/ 0.977%   (945)   (735,454)   (734,509)
JPY 50,000   04/02/29   1.288%(S)   1 Day TONAR(2)(S)/ 0.977%   (502)   (3,570)   (3,068)
JPY 100,000   08/18/29   1.070%(S)   1 Day TONAR(2)(S)/ 0.977%   (1,461)   (13,913)   (12,452)
JPY 100,000   08/28/29   1.043%(S)   1 Day TONAR(2)(S)/ 0.977%   (1,259)   (14,725)   (13,466)
JPY 200,000   09/09/29   1.061%(S)   1 Day TONAR(2)(S)/ 0.977%   (2,339)   (29,302)   (26,963)
JPY 655,000   09/29/29   1.064%(S)   1 Day TONAR(2)(S)/ 0.977%   (6,010)   (98,842)   (92,832)
JPY 300,000   07/02/30   0.047%(S)   1 Day TONAR(2)(S)/ 0.977%   (130)   (140,076)   (139,946)
JPY 200,000   04/01/31   0.319%(S)   1 Day TONAR(2)(S)/ 0.977%   (576)   (102,625)   (102,049)
JPY 215,000   05/06/31   0.354%(S)   1 Day TONAR(2)(S)/ 0.977%   (324)   (110,416)   (110,092)
JPY 150,000   07/07/31   0.071%(S)   1 Day TONAR(2)(S)/ 0.977%   (152)   (92,556)   (92,404)
JPY 2,945,000   07/08/31   0.000%(A)   1 Day TONAR(1)(A)/ 0.977%   1,073,710   1,827,894   754,184
JPY 700,000   08/05/31   0.026%(S)   1 Day TONAR(2)(S)/ 0.977%   33   (464,966)   (464,999)
JPY 256,500   08/15/31   0.223%(S)   1 Day TONAR(2)(S)/ 0.977%   (873)   (154,525)   (153,652)
JPY 130,000   08/30/31   0.217%(S)   1 Day TONAR(2)(S)/ 0.977%   (361)   (79,158)   (78,797)
JPY 120,000   09/08/31   0.316%(S)   1 Day TONAR(2)(S)/ 0.977%   (468)   (69,554)   (69,086)
JPY 190,000   09/21/31   0.328%(S)   1 Day TONAR(2)(S)/ 0.977%   (665)   (110,298)   (109,633)
JPY 350,000   10/14/31   0.270%(S)   1 Day TONAR(2)(S)/ 0.977%   (713)   (212,256)   (211,543)
45
PGIM Global Total Return Fund

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2026 (continued):
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
July 31,
2026
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements (cont’d.):
JPY 200,000   04/06/32   0.484%(S)   1 Day TONAR(2)(S)/ 0.977%    $(889)    $(120,859)    $(119,970)
JPY 159,520   04/07/32   0.491%(S)   1 Day TONAR(2)(S)/ 0.977%   (709)   (96,038)   (95,329)
JPY 1,200,000   05/19/32   0.023%(S)   1 Day TONAR(2)(S)/ 0.977%   (15)   (940,237)   (940,222)
JPY 800,000   05/29/32   0.016%(S)   1 Day TONAR(2)(S)/ 0.977%   (2)   (632,107)   (632,105)
JPY 140,000   06/07/32   0.451%(S)   1 Day TONAR(2)(S)/ 0.977%   —   (89,221)   (89,221)
JPY 71,000   09/21/32   0.463%(S)   1 Day TONAR(2)(S)/ 0.977%   (380)   (48,320)   (47,940)
JPY 160,000   11/14/32   2.390%(S)   1 Day TONAR(2)(S)/ 0.977%   —   6,432   6,432
JPY 530,000   07/08/33   0.100%(A)   1 Day TONAR(2)(A)/ 0.977%   (194,003)   (486,409)   (292,406)
JPY 4,810,000   02/12/36   2.049%(A)   1 Day TONAR(1)(A)/ 0.977%   —   1,429,927   1,429,927
JPY 900,000   01/04/38   0.757%(S)   1 Day TONAR(2)(S)/ 0.977%   (19,168)   (1,203,433)   (1,184,265)
JPY 800,000   03/28/38   0.656%(S)   1 Day TONAR(2)(S)/ 0.977%   (6,611)   (1,150,749)   (1,144,138)
JPY 675,000   04/06/38   0.655%(S)   1 Day TONAR(2)(S)/ 0.977%   (4,944)   (973,624)   (968,680)
JPY 285,000   07/08/38   0.200%(A)   1 Day TONAR(1)(A)/ 0.977%   318,796   494,696   175,900
JPY 600,000   08/10/38   0.822%(S)   1 Day TONAR(2)(S)/ 0.977%   (10,669)   (829,641)   (818,972)
JPY 2,430,385   12/03/38   0.600%(S)   1 Day TONAR(2)(S)/ 0.977%   (1,071)   (3,837,103)   (3,836,032)
JPY 969,000   12/03/39   0.650%(S)   1 Day TONAR(2)(S)/ 0.977%   (471)   (1,644,797)   (1,644,326)
JPY 765,000   07/08/40   1.400%(A)   1 Day TONAR(2)(A)/ 0.977%   (104,869)   (915,814)   (810,945)
JPY 166,000   05/09/43   0.820%(S)   1 Day TONAR(2)(S)/ 0.977%   (747)   (340,333)   (339,586)
JPY 2,000,000   10/23/45   0.333%(S)   1 Day TONAR(2)(S)/ 0.977%   (5,676)   (5,627,631)   (5,621,955)
JPY 775,000   04/12/46   0.496%(S)   1 Day TONAR(2)(S)/ 0.977%   (4,225)   (2,108,055)   (2,103,830)
JPY 110,291   04/15/46   0.560%(S)   1 Day TONAR(2)(S)/ 0.977%   (633)   (293,379)   (292,746)
JPY 3,302,180   07/10/46   4.364%(A)   1 Day TONAR(2)(A)/ 0.977%   —   64,503   64,503
JPY 26,000   10/04/47   0.942%(S)   1 Day TONAR(2)(S)/ 0.977%   (315)   (63,744)   (63,429)
JPY 560,000   11/24/47   0.888%(S)   1 Day TONAR(2)(S)/ 0.977%   (1,317)   (1,412,352)   (1,411,035)
JPY 940,000   07/08/49   1.700%(A)   1 Day TONAR(1)(A)/ 0.977%   60,876   1,689,474   1,628,598
JPY 500,000   05/29/50   0.186%(S)   1 Day TONAR(2)(S)/ 0.977%   (147)   (1,757,960)   (1,757,813)
JPY 975,000   07/08/50   1.700%(A)   1 Day TONAR(1)(A)/ 0.977%   150,529   1,821,568   1,671,039
JPY 500,000   08/26/50   0.334%(S)   1 Day TONAR(2)(S)/ 0.977%   (3,312)   (1,695,545)   (1,692,233)
JPY 1,000,000   12/16/50   0.338%(S)   1 Day TONAR(2)(S)/ 0.977%   (11,409)   (3,409,554)   (3,398,145)
JPY 1,200,000   02/08/51   0.467%(S)   1 Day TONAR(2)(S)/ 0.977%   (13,574)   (3,951,625)   (3,938,051)
JPY 1,650,000   03/30/51   0.520%(S)   1 Day TONAR(2)(S)/ 0.977%   (11,734)   (5,354,363)   (5,342,629)
JPY 701,000   07/31/53   1.102%(A)   1 Day TONAR(1)(A)/ 0.977%   —   1,915,181   1,915,181
JPY 1,000,000   07/08/54   0.450%(A)   1 Day TONAR(1)(A)/ 0.977%   1,781,890   3,541,491   1,759,601
JPY 170,000   04/08/56   1.750%(A)   1 Day TONAR(2)(A)/ 0.977%   (279,985)   (360,817)   (80,832)
JPY 1,061,945   07/10/56   3.558%(A)   1 Day TONAR(1)(A)/ 0.977%   —   2,875   2,875
KRW 19,850,000   04/19/28   3.135%(Q)   3 Month KWCDC(2)(Q)/ 2.950%   —   (118,553)   (118,553)
KRW 20,447,900   09/10/28   2.043%(Q)   3 Month KWCDC(2)(Q)/ 2.950%   229,341   (508,118)   (737,459)
KRW 11,000,000   02/05/30   1.319%(Q)   3 Month KWCDC(2)(Q)/ 2.950%   2   (678,539)   (678,541)
KRW 5,000,000   01/05/31   1.258%(Q)   3 Month KWCDC(2)(Q)/ 2.950%   —   (387,681)   (387,681)
KRW 4,000,000   08/13/31   1.630%(Q)   3 Month KWCDC(2)(Q)/ 2.950%   —   (307,362)   (307,362)
KRW 1,067,160   03/10/33   3.150%(Q)   3 Month KWCDC(2)(Q)/ 2.950%   (12,340)   (37,789)   (25,449)
KRW 2,640,000   11/24/33   3.610%(Q)   3 Month KWCDC(2)(Q)/ 2.950%   —   (47,867)   (47,867)
KRW 30,916,085   03/10/34   3.150%(Q)   3 Month KWCDC(2)(Q)/ 2.950%   6,566   (1,277,677)   (1,284,243)
KRW 12,166,000   03/10/35   3.200%(Q)   3 Month KWCDC(2)(Q)/ 2.950%   344,061   (541,950)   (886,011)
KRW 6,410,000   03/10/36   3.200%(Q)   3 Month KWCDC(2)(Q)/ 2.950%   (53,648)   (320,068)   (266,420)
KRW 3,257,900   03/13/36   3.550%(Q)   3 Month KWCDC(2)(Q)/ 2.950%   —   (97,079)   (97,079)
KRW 11,100,000   11/08/39   3.000%(Q)   3 Month KWCDC(2)(Q)/ 2.950%   —   (898,252)   (898,252)
KRW 12,200,000   01/15/41   3.360%(Q)   3 Month KWCDC(2)(Q)/ 2.950%   —   (696,893)   (696,893)
KRW 8,800,000   11/08/44   2.840%(Q)   3 Month KWCDC(1)(Q)/ 2.950%   —   971,726   971,726
MXN 443,700   02/25/33   7.565%(M)   28 Day Mexican Interbank Rate(2)(M)/ 6.756%   —   (577,512)   (577,512)
MYR 30,100   03/12/31   3.480%(Q)   3 Month KLIBOR(2)(Q)/ 3.450%   (41)   (59,223)   (59,182)
NOK 36,000   02/07/29   2.083%(A)   6 Month NIBOR(2)(S)/ 4.850%   —   (296,746)   (296,746)
NOK 48,000   10/07/29   1.660%(A)   6 Month NIBOR(2)(S)/ 4.850%   —   (480,896)   (480,896)
NZD 6,450   11/28/28   2.950%(S)   3 Month BBR(2)(Q)/ 2.935%   —   (63,161)   (63,161)
NZD 5,340   05/08/35   4.400%(S)   3 Month BBR(2)(Q)/ 2.935%   174,217   35,731   (138,486)
NZD 21,660   07/31/35   4.068%(S)   3 Month BBR(2)(Q)/ 2.935%   —   (238,687)   (238,687)
PLN 10,000   03/26/31   1.675%(A)   6 Month WIBOR(2)(S)/ 3.840%   —   (318,021)   (318,021)
SEK 60,000   07/10/32   3.150%(A)   3 Month STIBOR(1)(Q)/ 2.042%   (346,154)   (75,641)   270,513
SGD 17,215   07/29/31   1.120%(S)   1 Day SORA(2)(S)/ 0.829%   58,835   (579,317)   (638,152)
SGD 680   09/10/35   2.500%(S)   1 Day SORA(2)(S)/ 0.829%   30,109   12,297   (17,812)
46

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2026 (continued):
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
July 31,
2026
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements (cont’d.):
SGD 1,850   09/11/35   1.720%(S)   1 Day SORA(2)(S)/ 0.829%    $—    $(63,948)    $(63,948)
SGD 2,690   09/15/35   1.680%(S)   1 Day SORA(2)(S)/ 0.829%   —   (100,748)   (100,748)
SGD 5,540   09/17/35   1.680%(S)   1 Day SORA(2)(S)/ 0.829%   —   (207,581)   (207,581)
SGD 4,900   09/25/35   1.710%(S)   1 Day SORA(2)(S)/ 0.829%   (20,662)   (174,820)   (154,158)
THB 1,378,430   08/18/26   1.168%(Q)   1 Day THOR(1)(Q)/ 0.986%   —   (17,844)   (17,844)
THB 173,600   04/28/30   1.020%(Q)   1 Day THOR(2)(Q)/ 0.986%   —   (109,090)   (109,090)
THB 23,000   05/29/30   2.645%(Q)   1 Day THOR(2)(Q)/ 0.986%   (485)   28,725   29,210
THB 72,900   06/25/30   0.990%(Q)   1 Day THOR(2)(Q)/ 0.986%   —   (51,775)   (51,775)
THB 200,200   07/03/30   1.028%(Q)   1 Day THOR(2)(Q)/ 0.986%   —   (134,810)   (134,810)
THB 115,500   08/17/31   1.320%(Q)   1 Day THOR(2)(Q)/ 0.986%   —   (70,914)   (70,914)
THB 260,500   04/18/34   2.895%(Q)   1 Day THOR(2)(Q)/ 0.986%   —   514,727   514,727
THB 218,530   04/22/34   2.818%(Q)   1 Day THOR(2)(Q)/ 0.986%   —   393,700   393,700
THB 110,000   04/23/34   2.855%(Q)   1 Day THOR(2)(Q)/ 0.986%   —   206,933   206,933
THB 204,200   12/16/34   2.173%(Q)   1 Day THOR(2)(Q)/ 0.986%   —   65,829   65,829
THB 46,400   03/16/36   1.900%(Q)   1 Day THOR(2)(Q)/ 0.986%   —   (29,435)   (29,435)
TWD 564,000   02/17/28   1.390%(Q)   3 Month TAIBOR(1)(Q)/ 1.681%   —   166,504   166,504
  50,180   09/25/26   4.699%(A)   1 Day SOFR(1)(A)/ 3.660%   —   (385,946)   (385,946)
  125,860   05/11/28   4.350%(A)   1 Day SOFR(2)(A)/ 3.660%   1,452,929   638,134   (814,795)
  78,070   07/08/28   4.000%(A)   1 Day SOFR(2)(A)/ 3.660%   52,193   (191,832)   (244,025)
  32,215   09/05/28   4.027%(A)   1 Day SOFR(1)(A)/ 3.660%   —   27,435   27,435
  30,430   11/07/28   4.223%(A)   1 Day SOFR(1)(A)/ 3.660%   —   (155,681)   (155,681)
  30,780   05/17/29   4.143%(A)   1 Day SOFR(1)(A)/ 3.660%   —   (26,592)   (26,592)
  31,170   06/01/31   3.886%(A)   1 Day SOFR(2)(A)/ 3.660%   —   (374,645)   (374,645)
  21,040   03/28/32   3.841%(A)   1 Day SOFR(1)(A)/ 3.660%   —   356,458   356,458
  310   08/01/35   3.869%(A)   1 Day SOFR(1)(A)/ 3.660%   —   9,945   9,945
  15,700   11/10/35   3.669%(A)   1 Day SOFR(1)(A)/ 3.660%   —   769,533   769,533
  11,300   05/11/41   4.050%(A)   1 Day SOFR(1)(A)/ 3.660%   (15,117)   520,228   535,345
  21,865   05/11/45   4.000%(A)   1 Day SOFR(2)(A)/ 3.660%   (876,930)   (1,515,099)   (638,169)
  9,710   04/13/46   4.148%(A)   1 Day SOFR(2)(A)/ 3.660%   —   (508,863)   (508,863)
  29,415   05/11/49   1.350%(A)   1 Day SOFR(2)(A)/ 3.660%   (10,958,223)   (13,600,839)   (2,642,616)
  8,440   12/16/49   3.805%(A)   1 Day SOFR(2)(A)/ 3.660%   —   (918,350)   (918,350)
  7,443   11/15/52   3.927%(A)   1 Day SOFR(1)(A)/ 3.660%   —   704,293   704,293
  7,710   04/30/54   4.027%(A)   1 Day SOFR(1)(A)/ 3.660%   —   614,227   614,227
  15,125   05/10/54   3.850%(A)   1 Day SOFR(2)(A)/ 3.660%   (82,946)   (1,635,136)   (1,552,190)
  27,110   05/11/54   1.350%(A)   1 Day SOFR(1)(A)/ 3.660%   11,885,095   13,781,838   1,896,743
  140,995   12/14/54   3.136%(A)   1 Day SOFR(1)(A)/ 3.660%   565,538   6,496,362   5,930,824
  14,416   12/15/54   3.638%(A)   1 Day SOFR(1)(A)/ 3.660%   —   1,414,898   1,414,898
  7,515   12/16/54   3.719%(A)   1 Day SOFR(1)(A)/ 3.660%   —   974,627   974,627
  21,200   01/15/55   4.130%(A)   1 Day SOFR(1)(A)/ 3.660%   (409,640)   1,311,214   1,720,854
  23,230   05/11/55   3.850%(A)   1 Day SOFR(1)(A)/ 3.660%   854,613   2,522,928   1,668,315
  36,892   09/17/55   3.897%(A)   1 Day SOFR(1)(A)/ 3.660%   —   3,724,621   3,724,621
  79,106   06/01/56   4.132%(A)   1 Day SOFR(1)(A)/ 3.660%   1,762   546,066   544,304
  77,081   06/04/56   4.127%(A)   1 Day SOFR(1)(A)/ 3.660%   (35,358)   543,587   578,945
  16,430   05/10/74   3.420%(A)   1 Day SOFR(1)(A)/ 3.660%   169,941   2,863,309   2,693,368
  24,840   05/11/74   1.950%(A)   1 Day SOFR(1)(A)/ 3.660%   111,923   1,413,815   1,301,892
ZAR 287,000   06/01/36   8.140%(A)   1 Day ZARONIA(2)(A)/ 6.858%   (609)   (250,471)   (249,862)
                    $15,679,459   $(42,439,149)   $(58,118,608)
    
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Fair
Value
  Upfront
Premiums
Paid(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Interest Rate Swap Agreements:
BRL 50,000   01/02/35   14.065%(T)   1 Day BROIS(1)(T)/ 0.053%    $208,706    $—    $208,706   GSI
BRL 50,000   01/02/35   14.320%(T)   1 Day BROIS(2)(T)/ 0.053%   (207,768)   —   (207,768)   GSI
CNH 1,000   06/15/28   2.365%(Q)   7 Day China Fixing Repo Rates(1)(Q)/ 1.457%   (2,792)   —   (2,792)   MSI
CNH 1,000   06/15/28   2.410%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.457%   2,891   —   2,891   MSI
CNH 75,000   07/12/28   2.410%(Q)   7 Day China Fixing Repo Rates(1)(Q)/ 1.457%   (219,642)   —   (219,642)   MSI
CNH 75,000   07/12/28   2.455%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.457%   229,435   —   229,435   MSI
CNH 34,800   07/31/30   2.515%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.457%   213,418   —   213,418   MSI
47
PGIM Global Total Return Fund

PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2026 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2026 (continued):
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Fair
Value
  Upfront
Premiums
Paid(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Interest Rate Swap Agreements (cont’d.):
CNH 16,100   11/24/30   2.495%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.457%    $108,338    $—    $108,338   MSI
CNH 5,000   10/14/31   2.675%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.457%   44,861   —   44,861   SCB
CNH 30,000   11/02/31   2.700%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.457%   288,588   —   288,588   SCB
JPY 35,000   12/14/32   1.575%(S)   6 Month JPY LIBOR(2)(S)/ 0.072%   (9,182)   —   (9,182)   HSBC
KRW 1,485,000   10/28/26   1.520%(Q)   3 Month KWCDC(2)(Q)/ 2.950%   (3,685)   (7)   (3,678)   JPM
KRW 2,040,000   04/26/27   1.880%(Q)   3 Month KWCDC(2)(Q)/ 2.950%   (14,352)   —   (14,352)   MSI
KRW 1,280,000   10/17/28   1.450%(Q)   3 Month KWCDC(2)(Q)/ 2.950%   (44,185)   —   (44,185)   CITI
KRW 520,000   01/27/31   1.870%(Q)   3 Month KWCDC(2)(Q)/ 2.950%   (31,175)   —   (31,175)   JPM
KRW 8,100,000   05/30/34   3.418%(Q)   3 Month KWCDC(2)(Q)/ 2.950%   (237,945)   —   (237,945)   GSI
KRW 3,330,000   05/30/54   2.968%(Q)   3 Month KWCDC(1)(Q)/ 2.950%   341,773   —   341,773   GSI
KRW 7,200,000   01/15/56   3.010%(Q)   3 Month KWCDC(1)(Q)/ 2.950%   694,463   —   694,463   MSI
MYR 45,900   08/12/26   2.605%(Q)   3 Month KLIBOR(2)(Q)/ 3.450%   (21,305)   (29)   (21,276)   HSBC
MYR 3,000   07/29/27   3.060%(Q)   3 Month KLIBOR(2)(Q)/ 3.450%   (3,426)   2   (3,428)   JPM
MYR 3,160   07/11/29   3.528%(Q)   3 Month KLIBOR(2)(Q)/ 3.450%   (1,916)   (6)   (1,910)   MSI
MYR 11,700   11/19/29   3.245%(Q)   3 Month KLIBOR(2)(Q)/ 3.450%   (34,582)   16   (34,598)   MSI
MYR 17,800   02/04/30   3.060%(Q)   3 Month KLIBOR(2)(Q)/ 3.450%   (85,445)   9   (85,454)   MSI
MYR 17,745   02/28/32   3.625%(Q)   3 Month KLIBOR(2)(Q)/ 3.450%   (17,042)   4   (17,046)   JPM
MYR 13,700   07/29/35   3.330%(Q)   3 Month KLIBOR(2)(Q)/ 3.450%   (131,652)   (9)   (131,643)   JPM
  10,000   09/22/28   3.290%(S)   1 Week MUNIPSA(1)(Q)/ 2.160%   (277,665)   —   (277,665)   JPM
                  $788,714   $(20)   $788,734    
    
(1) The Fund pays the fixed rate and receives the floating rate.
(2) The Fund pays the floating rate and receives the fixed rate.
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).
48