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
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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.
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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).
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