0001752724-23-068057.txt : 20230327 0001752724-23-068057.hdr.sgml : 20230327 20230327151934 ACCESSION NUMBER: 0001752724-23-068057 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230131 FILED AS OF DATE: 20230327 DATE AS OF CHANGE: 20230327 PERIOD START: 20231031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRUDENTIAL INVESTMENT PORTFOLIOS 16 CENTRAL INDEX KEY: 0001067442 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-08915 FILM NUMBER: 23764296 BUSINESS ADDRESS: STREET 1: 655 BROAD STREET STREET 2: 17TH FLOOR CITY: NEWARK STATE: NJ ZIP: 07102 BUSINESS PHONE: (973) 367-8982 MAIL ADDRESS: STREET 1: 655 BROAD STREET STREET 2: 17TH FLOOR CITY: NEWARK STATE: NJ ZIP: 07102 FORMER COMPANY: FORMER CONFORMED NAME: TARGET ASSET ALLOCATION FUNDS DATE OF NAME CHANGE: 20061003 FORMER COMPANY: FORMER CONFORMED NAME: STRATEGIC PARTNERS ASSET ALLOCATION FUNDS DATE OF NAME CHANGE: 20010906 FORMER COMPANY: FORMER CONFORMED NAME: PRUDENTIAL DIVERSIFIED FUNDS DATE OF NAME CHANGE: 19980930 0001067442 S000004703 PGIM INCOME BUILDER FUND C000012792 Class R PCLRX C000012793 Class A PCGAX C000012795 Class C PCCFX C000012796 Class Z PDCZX C000176454 Class R6 PCGQX NPORT-P 1 primary_doc.xml NPORT-P false 0001067442 XXXXXXXX S000004703 C000012793 C000012795 C000012792 C000012796 C000176454 Prudential Investment Portfolios 16 811-08915 0001067442 549300SISFD2E4MXHE73 655 Broad Street Newark 07102-4077 1-800-225-1852 PGIM Income Builder Fund S000004703 XYZMTQ00ME3ISOV4JP63 2023-10-31 2023-01-31 N 276417701.45 14392659.30 262025042.15 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N Energy Select Sector SPDR Fund 54930064FLK0RD4TRU75 Energy Select Sector SPDR Fund 81369Y506 55100.00000000 NS USD 4955143.00000000 1.891095201947 Long EC RF US N 1 N N N American Express Co R4PP93JZOLY261QX3811 American Express Co 025816109 2760.00000000 NS USD 482806.80000000 0.184259792895 Long EC CORP US N 1 N N N AT&T Inc 549300Z40J86GGSTL398 AT&T Inc 00206R102 49151.00000000 NS USD 1001205.87000000 0.382103123344 Long EC CORP US N 1 N N N AbbVie Inc FR5LCKFTG8054YNNRU85 AbbVie Inc 00287Y109 10439.00000000 NS USD 1542362.25000000 0.588631619842 Long EC CORP US N 1 N N N PGIM Institutional Money Market Fund - D N/A PGIM Institutional Money Market Fund - D 000000000 13409692.77000000 NS USD 13407010.83000000 5.116690649104 Long STIV RF US N 1 N N Bristol-Myers Squibb Co HLYYNH7UQUORYSJQCN42 Bristol-Myers Squibb Co 110122108 14634.00000000 NS USD 1063160.10000000 0.405747516068 Long EC CORP US N 1 N N N AstraZeneca PLC PY6ZZQWO2IZFZC3IOL08 AstraZeneca PLC 046353108 22263.00000000 NS USD 1455332.31000000 0.555417260143 Long EC CORP GB N 1 N N N Timken Co/The B0I35MLPFXZSE70ASS73 Timken Co/The 887389104 3087.00000000 NS USD 254214.45000000 0.097019142870 Long EC CORP US N 1 N N N Starwood Property Trust Inc BUGSFQZERKRBFWIG5267 Starwood Property Trust Inc 85571B105 39522.00000000 NS USD 825614.58000000 0.315089952176 Long EC CORP US N 1 N N N Foot Locker Inc 549300X383CBNP6MTV94 Foot Locker Inc 344849104 4779.00000000 NS USD 207934.29000000 0.079356647858 Long EC CORP US N 1 N N N iShares iBoxx High Yield Corporate Bond ETF N/A ISHARES IBOXX HIGH YLD CORP 464288513 42000.00000000 NS USD 3205860.00000000 1.223493744603 Long EC RF US N 1 N N Waste Management Inc 549300YX8JIID70NFS41 Waste Management Inc 94106L109 2296.00000000 NS USD 355260.08000000 0.135582491308 Long EC CORP US N 1 N N N Raytheon Technologies Corp I07WOS4YJ0N7YRFE7309 Raytheon Technologies Corp 75513E101 13050.00000000 NS USD 1303042.50000000 0.497296933647 Long EC CORP US N 1 N N N IBM VGRQXHF3J8VDLUA7XE92 International Business Machines Corp 459200101 5486.00000000 NS USD 739128.78000000 0.282083259651 Long EC CORP US N 1 N N Phillips 66 5493005JBO5YSIGK1814 Phillips 66 718546104 3526.00000000 NS USD 353552.02000000 0.134930622317 Long EC CORP US N 1 N N N Welltower Inc T6IZ0MBEG5ACZDTR7D06 Welltower Inc 95040Q104 2053.00000000 NS USD 154057.12000000 0.058794807830 Long EC CORP US N 1 N N N BP PLC 213800LH1BZH3DI6G760 BP PLC 055622104 4320.00000000 NS USD 156513.60000000 0.059732306010 Long EC CORP GB N 1 N N N Canadian National Railway Co 3SU7BEP7TH9YEQOZCS77 Canadian National Railway Co 136375102 3567.00000000 NS USD 424794.03000000 0.162119630442 Long EC CORP CA N 1 N N N J M Smucker Co/The 5493000WDH6A0LHDJD55 J M Smucker Co/The 832696405 7593.00000000 NS USD 1160210.40000000 0.442786075132 Long EC CORP US N 1 N N N Truist Financial Corp 549300DRQQI75D2JP341 Truist Financial Corp 89832Q109 8625.00000000 NS USD 425988.75000000 0.162575586861 Long EC CORP US N 1 N N N Microsoft Corp INR2EJN1ERAN0W5ZP974 Microsoft Corp 594918104 1038.00000000 NS USD 257226.78000000 0.098168777262 Long EC CORP US N 1 N N N BOSTON SCIENTIFIC CORP Y6ZDD9FP4P8JSSJMW954 Boston Scientific Corp 101137206 9616.00000000 NS USD 1097474.08000000 0.418843203304 Long EP CORP US N 1 N N N Deere & Co PWFTNG3EI0Y73OXWDH08 Deere & Co 244199105 1804.00000000 NS USD 762803.36000000 0.291118495293 Long EC CORP US N 1 N N N Caterpillar Inc WRJR7GS4GTRECRRTVX92 Caterpillar Inc 149123101 2225.00000000 NS USD 561345.25000000 0.214233435626 Long EC CORP US N 1 N N N FirstEnergy Corp 549300SVYJS666PQJH88 FirstEnergy Corp 337932107 9925.00000000 NS USD 406428.75000000 0.155110651510 Long EC CORP US N 1 N N N PGIM Active High Yield Bond ETF 549300F10UK98WW68156 PGIM Active High Yield Bond ETF 69344A206 906600.00000000 NS USD 31449954.00000000 12.00265201445 Long EC RF US N 1 N N N Coca-Cola Co/The UWJKFUJFZ02DKWI3RY53 Coca-Cola Co/The 191216100 7246.00000000 NS USD 444324.72000000 0.169573379839 Long EC CORP US N 1 N N N Arch Resources Inc W47HVZ7Q6FXL86RELH91 Arch Resources Inc 03940R107 4854.00000000 NS USD 718489.08000000 0.274206264448 Long EC CORP US N 1 N N PGIM Real Estate Income Fund 5493003LKC8FFCBL1V58 PGIM Real Estate Income Fund 74441J670 2677513.78000000 NS USD 18983572.70000000 7.244945957925 Long EC RF US N 1 N N N Kraft Heinz Co/The 9845007488EC87F5AF14 Kraft Heinz Co/The 500754106 19724.00000000 NS USD 799413.72000000 0.305090579679 Long EC CORP US N 1 N N N Amgen Inc 62QBXGPJ34PQ72Z12S66 Amgen Inc 031162100 4270.00000000 NS USD 1077748.00000000 0.411314884698 Long EC CORP US N 1 N N N iShares Latin America 40 ETF 549300LU9LZBB8WGN795 iShares Latin America 40 ETF 464287390 50200.00000000 NS USD 1279096.00000000 0.488157921664 Long EC RF US N 1 N N McDonald's Corp UE2136O97NLB5BYP9H04 McDonald's Corp 580135101 3057.00000000 NS USD 817441.80000000 0.311970868621 Long EC CORP US N 1 N N N PGIM Active Aggregate Bond ETF 549300KFPDHWRO1PJP18 PGIM Active Aggregate Bond ETF 69344A701 475000.00000000 NS USD 20405572.50000000 7.787642101902 Long EC RF US N 1 N N O'Reilly Automotive Inc 549300K2RLMQL149Q332 O'Reilly Automotive Inc 67103H107 1002.00000000 NS USD 793934.70000000 0.302999550533 Long EC CORP US N 1 N N N Danaher Corp S4BKK9OTCEWQ3YHPFM11 Danaher Corp 235851102 2186.00000000 NS USD 577934.68000000 0.220564673993 Long EC CORP US N 1 N N N APTIV PLC N/A Aptiv PLC 000000000 4719.00000000 NS USD 594546.81000000 0.226904575654 Long EP CORP IE N 1 N N N Exxon Mobil Corp J3WHBG0MTS7O8ZVMDC91 Exxon Mobil Corp 30231G102 12272.00000000 NS USD 1423674.72000000 0.543335365321 Long EC CORP US N 1 N N N Apple Inc HWUPKR0MPOU8FGXBT394 Apple Inc 037833100 2978.00000000 NS USD 429695.62000000 0.163990287521 Long EC CORP US N 1 N N N General Mills Inc 2TGYMUGI08PO8X8L6150 General Mills Inc 370334104 15573.00000000 NS USD 1220300.28000000 0.465718951893 Long EC CORP US N 1 N N American Tower Corp 5493006ORUSIL88JOE18 American Tower Corp 03027X100 880.00000000 NS USD 196583.20000000 0.075024584820 Long EC CORP US N 1 N N N Williams Cos Inc/The D71FAKCBLFS2O0RBPG08 Williams Cos Inc/The 969457100 23547.00000000 NS USD 759155.28000000 0.289726231420 Long EC CORP US N 1 N N N BCE Inc 5493001I9203PRB5KR45 BCE Inc 05534B760 18012.00000000 NS USD 851967.60000000 0.325147395458 Long EC CORP CA N 1 N N N PGIM Quant Solutions International Equity Fund 2JUUEZVKFN5LVIB9E450 PGIM Quant Solutions International Equity Fund 743969578 5155071.29600000 NS USD 34178122.69000000 13.04383825666 Long EC RF US N 1 N N N Prudential Trust Company Collective Trust-Prudential Core Conservative Bond Fund 549300VQ3ICK16NFQH95 Prudential Trust Company Collective Trust-Prudential Core Conservative Bond Fund 74440E888 2467438.52600000 NS USD 21713459.03000000 8.286787725262 Long EC RF US N 1 N N N JPMorgan Chase & Co 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co 46625H100 4496.00000000 NS USD 629260.16000000 0.240152679620 Long EC CORP US N 1 N N N PNM Resources Inc 5493003JOBJGLZSDDQ28 PNM Resources Inc 69349H107 12271.00000000 NS USD 607169.08000000 0.231721775528 Long EC CORP US N 1 N N N Eli Lilly & Co FRDRIPF3EKNDJ2CQJL29 Eli Lilly & Co 532457108 1752.00000000 NS USD 602950.80000000 0.230111898867 Long EC CORP US N 1 N N N NEXTERA ENERGY INC N/A NextEra Energy Inc 65339F713 16000.00000000 NS USD 767200.00000000 0.292796441784 Long EP CORP US N 1 N N N DuPont de Nemours Inc 5493004JF0SDFLM8GD76 DuPont de Nemours Inc 26614N102 7231.00000000 NS USD 534732.45000000 0.204076849148 Long EC CORP US N 1 N N N Western Digital Corp 549300QQXOOYEF89IC56 Western Digital Corp 958102105 3419.00000000 NS USD 150265.05000000 0.057347591194 Long EC CORP US N 1 N N N PepsiCo Inc FJSUNZKFNQ5YPJ5OT455 PepsiCo Inc 713448108 3388.00000000 NS USD 579415.76000000 0.221129917677 Long EC CORP US N 1 N N N Cisco Systems Inc 549300LKFJ962MZ46593 Cisco Systems Inc 17275R102 5543.00000000 NS USD 269777.81000000 0.102958788895 Long EC CORP US N 1 N N N PGIM Core Ultra Short Bond Fund 1VRLPVAWKZCB406TIT84 PGIM Core Ultra Short Bond Fund 000000000 1908718.27000000 NS USD 1908718.27000000 0.728448797999 Long STIV RF US N 1 N N N Union Pacific Corp 549300LMMRSZZCZ8CL11 Union Pacific Corp 907818108 1821.00000000 NS USD 371829.99000000 0.141906280006 Long EC CORP US N 1 N N N PGIM Jennison MLP Fund 549300YY9XZDGNGBPW42 PGIM Jennison MLP Fund 74440G859 4347282.73100000 NS USD 30996125.87000000 11.82945172555 Long EC RF US N 1 N N N Invesco Preferred ETF 549300J11Q08WEERN210 Invesco Preferred ETF 46138E511 641588.00000000 NS USD 8116088.20000000 3.097447531504 Long EC RF US N 1 N N Walmart Inc Y87794H0US1R65VBXU25 Walmart Inc 931142103 9233.00000000 NS USD 1328351.71000000 0.506956014242 Long EC CORP US N 1 N N N iShares 0-5 Year High Yield Corporate Bond ETF 549300R96U5WQ7R5ID10 iShares 0-5 Year High Yield Corporate Bond ETF 46434V407 42000.00000000 NS USD 1764420.00000000 0.673378386097 Long EC RF US N 1 N N N Prologis Inc 529900DFH19P073LZ636 Prologis Inc 74340W103 8929.00000000 NS USD 1154341.12000000 0.440546106024 Long EC CORP US N 1 N N N Procter & Gamble Co/The 2572IBTT8CCZW6AU4141 Procter & Gamble Co/The 742718109 2742.00000000 NS USD 390405.96000000 0.148995667283 Long EC CORP US N 1 N N N Ameren Corp XRZQ5S7HYJFPHJ78L959 Ameren Corp 023608102 4503.00000000 NS USD 391175.61000000 0.149289398749 Long EC CORP US N 1 N N N PGIM Emerging Markets Debt Har 5493008RPBIYQYY8NR30 PGIM Emerging Markets Debt Har 743969453 6407492.88280200 NS USD 44339850.75000000 16.92198974043 Long EC RF US N 1 N N N Entergy Corp 4XM3TW50JULSLG8BNC79 Entergy Corp 29364G103 1724.00000000 NS USD 186674.72000000 0.071243083664 Long EC CORP US N 1 N N N Electronic Arts Inc 549300O7A67PUEYKDL45 Electronic Arts Inc 285512109 7030.00000000 NS USD 904620.40000000 0.345241963354 Long EC CORP US N 1 N N N PGIM Quant Solutions Emerging Markets Equity Fund 549300IYN8M51Z504A71 PGIM Quant Solutions Emerging Markets Equity Fund 74440E706 263648.51100000 NS USD 2863222.83000000 1.092728697420 Long EC RF US N 1 N N N Newmont Corp 549300VSP3RIX7FGDZ51 Newmont Corp 651639106 10416.00000000 NS USD 551318.88000000 0.210406942586 Long EC CORP US N 1 N N N RWE AG 529900GB7KCA94ACC940 RWE AG 000000000 4833.00000000 NS 215159.82000000 0.082114220165 Long EC CORP DE N 2 N N N MetLife Inc C4BXATY60WC6XEOZDX54 MetLife Inc 59156R108 12309.00000000 NS USD 898803.18000000 0.343021862576 Long EC CORP US N 1 N N N 2023-03-22 Prudential Investment Portfolios 16 Christian J. Kelly Christian J. Kelly Chief Financial Officer XXXX NPORT-EX 2 PIPDK01PRU022823.htm
PGIM Income Builder Fund
Schedule of Investments as of January 31, 2023 (unaudited)
Description     Shares Value
Long-Term Investments 99.7%
Affiliated Mutual Funds 58.6%
PGIM Core Conservative Bond Fund (Class R6)       2,473,675  $21,768,342
PGIM Emerging Markets Debt Hard Currency (Class R6)       6,439,215 44,559,367
PGIM Jennison MLP Fund (Class R6)       4,347,283 30,996,126
PGIM Quant Solutions Emerging Markets Equity Fund (Class R6)       263,649 2,863,223
PGIM Quant Solutions International Equity Fund (Class R6)       5,155,071 34,178,122
PGIM Real Estate Income Fund (Class R6)       2,677,514 18,983,573
     
 
Total Affiliated Mutual Funds
(cost $160,256,371)(wd) 		153,348,753
Common Stocks 12.9%
Aerospace & Defense 0.5%
Raytheon Technologies Corp.       13,050 1,303,042
Banks 0.4%
JPMorgan Chase & Co.       4,496 629,260
Truist Financial Corp.       8,625 425,989
          1,055,249
Beverages 0.4%
Coca-Cola Co. (The)       7,246 444,324
PepsiCo, Inc.       3,388 579,416
          1,023,740
Biotechnology 1.0%
AbbVie, Inc.       10,439 1,542,362
Amgen, Inc.       4,270 1,077,748
          2,620,110
Chemicals 0.2%
DuPont de Nemours, Inc.       7,231 534,732
Commercial Services & Supplies 0.1%
Waste Management, Inc.       2,296 355,260
Communications Equipment 0.1%
Cisco Systems, Inc.       5,543 269,778
Consumer Finance 0.2%
American Express Co.       2,760 482,807
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PGIM Income Builder Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Diversified Telecommunication Services 0.7%
AT&T, Inc.       49,151  $1,001,206
BCE, Inc. (Canada)       18,012 851,967
          1,853,173
Electric Utilities 0.5%
Entergy Corp.       1,724 186,675
FirstEnergy Corp.       9,925 406,429
PNM Resources, Inc.       12,271 607,169
          1,200,273
Entertainment 0.3%
Electronic Arts, Inc.       7,030 904,620
Equity Real Estate Investment Trusts (REITs) 0.5%
American Tower Corp.       880 196,583
Prologis, Inc.       8,929 1,154,341
          1,350,924
Food & Staples Retailing 0.5%
Walmart, Inc.       9,233 1,328,352
Food Products 1.2%
General Mills, Inc.(a)       15,573 1,220,300
J.M. Smucker Co. (The)       7,593 1,160,210
Kraft Heinz Co. (The)       19,724 799,414
          3,179,924
Hotels, Restaurants & Leisure 0.3%
McDonald’s Corp.       3,057 817,442
Household Products 0.2%
Procter & Gamble Co. (The)       2,742 390,406
Independent Power & Renewable Electricity Producers 0.1%
RWE AG (Germany)       4,833 215,160
Insurance 0.3%
MetLife, Inc.       12,309 898,803
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PGIM Income Builder Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
IT Services 0.3%
International Business Machines Corp.(a)       5,486  $739,129
Life Sciences Tools & Services 0.2%
Danaher Corp.       2,186 577,935
Machinery 0.6%
Caterpillar, Inc.       2,225 561,345
Deere & Co.       1,804 762,803
Timken Co. (The)       3,087 254,215
          1,578,363
Metals & Mining 0.2%
Newmont Corp.       10,416 551,319
Mortgage Real Estate Investment Trusts (REITs) 0.3%
Starwood Property Trust, Inc.       39,522 825,615
Multi-Utilities 0.2%
Ameren Corp.       4,503 391,176
Oil, Gas & Consumable Fuels 1.3%
Arch Resources, Inc.(a)       4,854 718,489
BP PLC (United Kingdom), ADR       4,320 156,514
Exxon Mobil Corp.       12,272 1,423,675
Phillips 66       3,526 353,552
Williams Cos., Inc. (The)       23,547 759,155
          3,411,385
Pharmaceuticals 1.2%
AstraZeneca PLC (United Kingdom), ADR       22,263 1,455,332
Bristol-Myers Squibb Co.       14,634 1,063,160
Eli Lilly & Co.       1,752 602,951
          3,121,443
Road & Rail 0.3%
Canadian National Railway Co. (Canada)       3,567 424,794
Union Pacific Corp.       1,821 371,830
          796,624
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PGIM Income Builder Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Software 0.1%
Microsoft Corp.       1,038  $257,227
Specialty Retail 0.5%
Foot Locker, Inc.       8,753 380,843
O’Reilly Automotive, Inc.*       1,002 793,935
          1,174,778
Technology Hardware, Storage & Peripherals 0.2%
Apple, Inc.       2,978 429,696
Western Digital Corp.*       3,419 150,265
          579,961
     
 
Total Common Stocks
(cost $27,216,860) 		33,788,750
Exchange-Traded Funds 27.2%
Energy Select Sector SPDR Fund       55,100 4,955,143
Invesco Preferred ETF(a)       641,588 8,116,088
iShares 0-5 Year High Yield Corporate Bond ETF       42,000 1,764,420
iShares iBoxx High Yield Corporate Bond ETF(a)       42,000 3,205,860
iShares Latin America 40 ETF(a)       50,200 1,279,096
PGIM Active Aggregate Bond ETF(a)(g)       475,000 20,405,573
PGIM Active High Yield Bond ETF(g)       906,600 31,449,954
     
 
Total Exchange-Traded Funds
(cost $76,765,778) 		71,176,134
Preferred Stocks 1.0%
Auto Components 0.3%
Aptiv PLC, Series A, CVT, 5.500%, Maturing 06/15/23       4,719 594,547
Electric Utilities 0.3%
NextEra Energy, Inc., CVT, 6.926%, Maturing 09/01/25       16,000 767,200
4
PGIM Income Builder Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description     Shares Value
Preferred Stocks (Continued)
Health Care Equipment & Supplies 0.4%
Boston Scientific Corp., Series A, CVT, 5.500%, Maturing 06/01/23       9,616  $1,097,474
     
 
Total Preferred Stocks
(cost $2,213,500) 		2,459,221
     
 
 
Total Long-Term Investments
(cost $266,452,509) 		260,772,858
 
Short-Term Investments 6.3%
Affiliated Mutual Funds 
PGIM Core Ultra Short Bond Fund     1,706,001 1,706,001
PGIM Institutional Money Market Fund
(cost $14,707,872; includes $14,664,213 of cash collateral for securities on loan)(b) 		    14,718,777 14,715,834
     
 
 
Total Short-Term Investments
(cost $16,413,873)(wd) 		16,421,835
 
TOTAL INVESTMENTS 106.0%
(cost $282,866,382) 		        277,194,693
Liabilities in excess of other assets (6.0)% (15,580,768)
 
Net Assets 100.0% $261,613,925
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
  iBoxx—Bond Market Indices
  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 $14,458,819; cash collateral of $14,664,213 (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.
5
PGIM Income Builder Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
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).
6