NPORT-EX 2 PPIPDV00PGIMGlobalRealEstate.htm PGIM Global Real Estate Fund
PGIM Global Real Estate Fund
Schedule of Investments as of January 31, 2020 (unaudited)
Description     Shares Value
Long-Term Investments 100.0%
Common Stocks 
Australia 3.8%
Dexus, REIT       3,159,952  $ 26,735,458
Goodman Group, REIT       2,407,243 23,903,479
Ingenia Communities Group, REIT       3,565,748 11,367,323
          62,006,260
Belgium 0.8%
Aedifica SA       76,362 10,326,473
Shurgard Self Storage SA       85,404 3,110,008
          13,436,481
Canada 4.2%
Canadian Apartment Properties REIT       578,663 24,748,622
InterRent Real Estate Investment Trust, REIT       1,299,805 16,520,115
Summit Industrial Income REIT, (XTSE)       2,838,831 27,693,296
          68,962,033
Finland 1.4%
Kojamo OYJ       1,197,507 22,060,454
France 1.3%
Gecina SA, REIT       110,424 20,813,832
Germany 4.0%
alstria office REIT-AG       525,845 10,431,260
Deutsche Wohnen SE       131,003 5,537,034
TLG Immobilien AG       221,018 7,555,833
Vonovia SE       734,662 41,949,125
          65,473,252
Hong Kong 5.3%
CK Asset Holdings Ltd.       765,841 4,917,486
Henderson Land Development Co. Ltd.       1,732,031 7,747,986
Link REIT       3,274,987 33,028,509
New World Development Co. Ltd.       7,812,145 9,685,868
Sun Hung Kai Properties Ltd.       1,794,071 24,802,648
Swire Properties Ltd.       2,017,573 6,245,745
          86,428,242
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PGIM Global Real Estate Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Ireland 0.3%
Hibernia REIT PLC       2,696,732  $ 4,099,510
Japan 12.4%
Activia Properties, Inc., REIT       3,143 16,720,618
Daiwa Office Investment Corp., REIT       1,769 14,188,932
Invincible Investment Corp., REIT       4,007 2,025,689
Japan Hotel REIT Investment Corp.       3,746 2,524,488
Japan Real Estate Investment Corp., REIT       1,817 13,257,871
Kenedix Retail REIT Corp.       4,502 11,141,971
LaSalle Logiport REIT       7,756 12,526,813
Mitsubishi Estate Co. Ltd.       990,968 19,393,123
Mitsui Fudosan Co. Ltd.       1,590,735 42,219,279
Mitsui Fudosan Logistics Park, Inc., REIT       1,698 8,222,752
Nippon Building Fund, Inc., REIT       3,095 25,078,141
Nippon Prologis REIT, Inc.       3,300 9,489,614
Sumitomo Realty & Development Co. Ltd.       411,932 15,178,615
Tokyu Fudosan Holdings Corp.       1,469,116 10,387,457
          202,355,363
Netherlands 1.5%
InterXion Holding NV*       167,608 14,586,924
NSI NV       183,888 10,031,503
          24,618,427
Singapore 2.6%
City Developments Ltd.       483,457 3,724,696
Frasers Centrepoint Trust, REIT       6,579,133 13,866,639
Keppel REIT       12,824,695 11,372,777
Mapletree Logistics Trust, REIT       10,309,723 13,874,238
          42,838,350
Spain 1.1%
Inmobiliaria Colonial Socimi SA, REIT       1,303,787 17,442,295
Sweden 2.0%
Fabege AB       1,423,750 24,388,241
Hufvudstaden AB (Class A Stock)       424,170 8,403,228
          32,791,469
Switzerland 0.8%
PSP Swiss Property AG       88,613 13,404,600
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PGIM Global Real Estate Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
United Kingdom 6.1%
Big Yellow Group PLC, REIT       517,034  $ 8,026,635
Derwent London PLC, REIT       326,108 17,666,457
Great Portland Estates PLC, REIT       631,197 7,768,565
Primary Health Properties PLC, REIT       1,968,298 4,087,521
Segro PLC, REIT       2,778,622 33,404,523
Tritax Big Box REIT PLC       1,841,741 3,397,197
Tritax EuroBox PLC, REIT, 144A       3,977,224 4,718,008
UNITE Group PLC (The), REIT       1,260,664 21,160,431
          100,229,337
United States 52.4%
Alexandria Real Estate Equities, Inc., REIT       77,989 12,727,805
American Assets Trust, Inc., REIT       564,923 25,737,892
American Homes 4 Rent (Class A Stock), REIT       422,123 11,536,622
Americold Realty Trust, REIT       136,544 4,706,672
Apple Hospitality REIT, Inc.       1,079,577 16,215,247
AvalonBay Communities, Inc., REIT       230,116 49,863,836
Boston Properties, Inc., REIT       200,337 28,718,309
Camden Property Trust, REIT       284,226 31,955,529
Cousins Properties, Inc., REIT       634,955 25,988,708
CyrusOne, Inc., REIT       107,147 6,519,895
Digital Realty Trust, Inc., REIT(a)       39,470 4,854,415
Duke Realty Corp., REIT       194,391 7,058,337
Equinix, Inc., REIT       7,548 4,451,282
Equity LifeStyle Properties, Inc., REIT       730,548 53,147,367
Essential Properties Realty Trust, Inc., REIT       1,476,268 40,759,759
Essex Property Trust, Inc., REIT       105,291 32,614,940
Extra Space Storage, Inc., REIT       76,694 8,488,492
First Industrial Realty Trust, Inc., REIT       159,469 6,809,326
Global Medical REIT, Inc.       679,177 9,915,984
Healthpeak Properties, Inc., REIT       1,001,994 36,061,764
Host Hotels & Resorts, Inc., REIT       718,085 11,733,509
Hudson Pacific Properties, Inc., REIT       681,723 24,773,814
Invitation Homes, Inc., REIT       2,058,889 64,793,237
JBG SMITH Properties, REIT       253,846 10,293,455
Life Storage, Inc., REIT       173,619 19,650,198
Medical Properties Trust, Inc., REIT       1,837,664 40,704,258
MGM Growth Properties LLC (Class A Stock), REIT       899,028 28,714,954
Park Hotels & Resorts, Inc., REIT       236,576 5,190,477
Prologis, Inc., REIT       931,421 86,510,382
Realty Income Corp., REIT       442,255 34,677,215
Rexford Industrial Realty, Inc., REIT       709,325 34,182,372
Simon Property Group, Inc., REIT       52,488 6,988,777
Spirit Realty Capital, Inc., REIT       409,851 21,631,936
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PGIM Global Real Estate Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
United States (cont’d.)
STAG Industrial, Inc., REIT       182,294  $ 5,877,159
VICI Properties, Inc., REIT       428,705 11,489,294
Welltower, Inc., REIT       379,415 32,216,128
          857,559,346
 
Total Long-Term Investments
(cost $1,262,728,936) 		1,634,519,251
Short-Term Investments 1.4%
Affiliated Mutual Funds 
PGIM Core Ultra Short Bond Fund(w)     18,408,415 18,408,415
PGIM Institutional Money Market Fund
(cost $4,944,236; includes $4,941,094 of cash collateral for securities on loan)(b)(w) 		    4,943,248 4,944,236
           
 
 
Total Short-Term Investments
(cost $23,352,651) 		23,352,651
 
TOTAL INVESTMENTS 101.4%
(cost $1,286,081,587) 		        1,657,871,902
Liabilities in excess of other assets (1.4)% (22,498,408)
 
Net Assets 100.0% $ 1,635,373,494
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
    
  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.
  REITs—Real Estate Investment Trust
  XTSE—Toronto Stock Exchange
    
* Non-income producing security.
(a) All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $4,720,356; cash collateral of $4,941,094 (included in liabilities) was received with which the Fund purchased highly liquid short-term investments.
(b) Represents security purchased with cash collateral received for securities on loan and includes dividend reinvestment.
(w) PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Core Ultra Short Bond Fund and PGIM Institutional Money Market Fund.
Other information regarding the Fund is available in the Fund’s most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
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