NPORT-EX 2 PIPDK01PRU073122.htm
PGIM Income Builder Fund
Schedule of Investments as of July 31, 2022 (unaudited)
Description     Shares Value
Long-Term Investments 99.1%
Affiliated Mutual Funds 55.7%
PGIM Core Conservative Bond Fund (Class R6)       2,437,890  $22,306,697
PGIM Emerging Markets Debt Hard Currency (Class R6)       8,056,170 56,070,944
PGIM Jennison MLP Fund (Class R6)       4,174,892 28,848,502
PGIM Quant Solutions Emerging Markets Equity Fund (Class R6)       263,754 2,808,984
PGIM Quant Solutions International Equity Fund (Class R6)       3,612,193 23,443,130
PGIM Real Estate Income Fund (Class R6)       2,956,844 21,910,212
     
 
Total Affiliated Mutual Funds
(cost $167,688,942)(wd) 		155,388,469
Common Stocks 13.8%
Aerospace & Defense 0.5%
Raytheon Technologies Corp.       13,920 1,297,483
Air Freight & Logistics 0.1%
United Parcel Service, Inc. (Class B Stock)       1,700 331,313
Banks 0.4%
JPMorgan Chase & Co.       4,796 553,267
Truist Financial Corp.       9,201 464,374
          1,017,641
Beverages 0.2%
Coca-Cola Co. (The)       7,729 495,970
Biotechnology 0.9%
AbbVie, Inc.       11,136 1,598,128
Amgen, Inc.       3,743 926,280
          2,524,408
Chemicals 0.3%
Dow, Inc.       8,164 434,407
DuPont de Nemours, Inc.       7,714 472,328
          906,735
Consumer Finance 0.2%
American Express Co.       2,944 453,435
Diversified Telecommunication Services 0.7%
AT&T, Inc.       32,830 616,546
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PGIM Income Builder Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Diversified Telecommunication Services (cont’d.)
BCE, Inc. (Canada)       19,214  $970,883
Telefonica Deutschland Holding AG (Germany)       144,789 384,941
          1,972,370
Electric Utilities 0.9%
Entergy Corp.       2,514 289,437
FirstEnergy Corp.       30,504 1,253,714
NextEra Energy, Inc.       6,445 544,538
PNM Resources, Inc.       9,447 456,007
          2,543,696
Equity Real Estate Investment Trusts (REITs) 1.1%
American Campus Communities, Inc.       21,070 1,376,293
Prologis, Inc.(a)       9,525 1,262,634
Welltower, Inc.       6,533 564,059
          3,202,986
Food & Staples Retailing 0.5%
Walmart, Inc.       9,848 1,300,428
Food Products 1.1%
General Mills, Inc.(a)       20,744 1,551,444
J.M. Smucker Co. (The)       5,762 762,428
Kraft Heinz Co. (The)       21,039 774,866
          3,088,738
Hotels, Restaurants & Leisure 0.2%
McDonald’s Corp.       2,054 540,962
Household Products 0.4%
Procter & Gamble Co. (The)       8,252 1,146,285
Independent Power & Renewable Electricity Producers 0.2%
RWE AG (Germany)       10,872 447,252
Insurance 0.2%
MetLife, Inc.       9,941 628,768
IT Services 0.3%
International Business Machines Corp.       5,852 765,383
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PGIM Income Builder Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Life Sciences Tools & Services 0.3%
Danaher Corp.       3,216  $937,368
Machinery 0.3%
Deere & Co.       2,315 794,462
Mortgage Real Estate Investment Trusts (REITs) 0.3%
Starwood Property Trust, Inc.       42,158 995,772
Multi-Utilities 0.9%
Ameren Corp.       15,488 1,442,242
Dominion Energy, Inc.       12,071 989,581
          2,431,823
Oil, Gas & Consumable Fuels 1.4%
Arch Resources, Inc.       4,132 533,606
BP PLC (United Kingdom), ADR       4,607 135,354
Chevron Corp.       1,469 240,593
Exxon Mobil Corp.(a)       14,412 1,396,955
Williams Cos., Inc. (The)       48,652 1,658,547
          3,965,055
Pharmaceuticals 1.2%
AstraZeneca PLC (United Kingdom), ADR(a)       23,748 1,572,830
Bristol-Myers Squibb Co.(a)       15,610 1,151,706
Eli Lilly & Co.       1,869 616,190
          3,340,726
Road & Rail 0.3%
Canadian National Railway Co. (Canada)       3,805 482,017
Union Pacific Corp.       1,942 441,417
          923,434
Semiconductors & Semiconductor Equipment 0.1%
QUALCOMM, Inc.       1,663 241,235
Software 0.1%
Microsoft Corp.       1,108 311,060
Specialty Retail 0.2%
O’Reilly Automotive, Inc.*       677 476,330
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PGIM Income Builder Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Technology Hardware, Storage & Peripherals 0.5%
Apple, Inc.       7,189  $1,168,284
Western Digital Corp.*       7,304 358,627
          1,526,911
     
 
Total Common Stocks
(cost $30,729,348) 		38,608,029
Exchange-Traded Funds 29.0%
Energy Select Sector SPDR Fund       55,100 4,320,942
Invesco Preferred ETF       778,588 10,168,359
iShares 0-5 Year High Yield Corporate Bond ETF(a)       42,000 1,775,340
iShares Latin America 40 ETF(a)       50,200 1,183,214
PGIM Active Aggregate Bond ETF(g)       475,000 21,133,083
PGIM Active High Yield Bond ETF(g)       906,600 32,580,666
PGIM Quant Solutions Strategic Alpha International Equity ETF(g)       200,000 9,893,060
     
 
Total Exchange-Traded Funds
(cost $85,909,960) 		81,054,664
Preferred Stocks 0.6%
Auto Components 0.2%
Aptiv PLC, Series A, CVT, 5.500%, Maturing 06/15/23       4,719 572,273
Health Care Equipment & Supplies 0.4%
Boston Scientific Corp., Series A, CVT, 5.500%, Maturing 06/01/23(a)       9,616 1,046,413
     
 
Total Preferred Stocks
(cost $1,433,500) 		1,618,686
     
 
 
Total Long-Term Investments
(cost $285,761,750) 		276,669,848
 
Short-Term Investments 5.0%
Affiliated Mutual Funds 
PGIM Core Ultra Short Bond Fund     3,113,658 3,113,658
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PGIM Income Builder Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description     Shares Value
 
Affiliated Mutual Funds (Continued)
PGIM Institutional Money Market Fund
(cost $10,900,367; includes $10,889,385 of cash collateral for securities on loan)(b) 		    10,911,690  $10,900,778
     
 
 
Total Short-Term Investments
(cost $14,014,025)(wd) 		14,014,436
 
TOTAL INVESTMENTS 104.1%
(cost $299,775,775) 		        290,684,284
Liabilities in excess of other assets (4.1)% (11,442,180)
 
Net Assets 100.0% $279,242,104
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
    
  ADR—American Depositary Receipt
  CVT—Convertible Security
  ETF—Exchange-Traded Fund
  MLP—Master Limited Partnership
  REITs—Real Estate Investment Trust
  SPDR—Standard & Poor’s Depositary Receipts
    
* 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 $10,732,725; cash collateral of $10,889,385 (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.
(g) An affiliated security.
(wd) PGIM Investments LLC, the manager of the Fund, also serves as the manager of the underlying funds in which the Fund invests.
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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