NPORT-EX 2 PIPDK01PRU013124.htm
PGIM Income Builder Fund
Schedule of Investments as of January 31, 2024 (unaudited)
Description     Shares   Value
Long-Term Investments 99.0%
Affiliated Exchange-Traded Funds 20.5%          
PGIM Active Aggregate Bond ETF       522,500  $22,155,306
PGIM Active High Yield Bond ETF       756,600 26,331,572
     
 
Total Affiliated Exchange-Traded Funds
(cost $54,781,139)(wa) 		        48,486,878
Affiliated Mutual Funds — 60.0%
Domestic Equity — 21.5%
PGIM Jennison MLP Fund (Class R6) 3,278,129 24,094,251
PGIM Real Estate Income Fund (Class R6) 4,114,453 26,949,668
          51,043,919
Fixed Income — 24.8%
PGIM Core Conservative Bond Fund (Class R6) 2,658,334 23,021,172
PGIM Emerging Markets Debt Hard Currency (Class R6) 5,207,418 35,722,886
          58,744,058
International Equity — 13.7%
PGIM Quant Solutions Emerging Markets Equity Fund (Class R6) 135,520 1,452,779
PGIM Quant Solutions International Equity Fund (Class R6) 4,429,708 30,919,363
          32,372,142
     
 
Total Affiliated Mutual Funds
(cost $140,226,962)(wa) 		142,160,119
Common Stocks 14.7%
Aerospace & Defense 0.5%
RTX Corp.       2,567 233,905
Safran SA (France)       5,689 1,062,186
          1,296,091
Automobile Components 0.2%
Aptiv PLC*       4,907 399,086
Banks 1.0%
Citigroup, Inc.       13,929 782,392
JPMorgan Chase & Co.       3,991 695,871
Truist Financial Corp.       23,132 857,272
          2,335,535
Beverages 0.1%
Coca-Cola Co. (The)       3,864 229,869
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PGIM Income Builder Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description     Shares   Value
Common Stocks (Continued)
Biotechnology 1.2%
AbbVie, Inc.       9,269  $1,523,823
Amgen, Inc.       4,407 1,384,944
          2,908,767
Chemicals 0.3%
PPG Industries, Inc.       5,715 806,044
Commercial Services & Supplies 0.3%
Waste Management, Inc.       3,228 599,214
Communications Equipment 0.3%
Cisco Systems, Inc.       12,558 630,160
Consumer Finance 0.2%
American Express Co.       2,165 434,602
Consumer Staples Distribution & Retail 0.4%
Walmart, Inc.       5,652 933,993
Diversified Telecommunication Services 0.6%
AT&T, Inc.       43,637 771,939
BCE, Inc. (Canada)       15,992 645,277
          1,417,216
Electric Utilities 0.1%
FirstEnergy Corp.       4,111 150,792
Xcel Energy, Inc.       1,884 112,795
          263,587
Entertainment 0.4%
Electronic Arts, Inc.       6,241 858,637
Financial Services 0.3%
Visa, Inc. (Class A Stock)       2,999 819,507
Food Products 0.2%
Kraft Heinz Co. (The)       13,292 493,532
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PGIM Income Builder Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description     Shares   Value
Common Stocks (Continued)
Ground Transportation 0.3%
Canadian National Railway Co. (Canada)       3,167  $392,835
Union Pacific Corp.       1,617 394,435
          787,270
Health Care Equipment & Supplies 0.5%
Boston Scientific Corp.*       17,286 1,093,512
Hotels, Restaurants & Leisure 0.3%
McDonald’s Corp.       2,714 794,442
Household Products 0.2%
Procter & Gamble Co. (The)       2,435 382,636
Independent Power & Renewable Electricity Producers 0.6%
RWE AG (Germany)       9,634 355,742
Vistra Corp.       24,000 984,720
          1,340,462
Industrial REITs 0.4%
Prologis, Inc.       7,926 1,004,145
Insurance 0.4%
MetLife, Inc.       13,234 917,381
IT Services 0.4%
International Business Machines Corp.       4,721 867,059
Life Sciences Tools & Services 0.1%
Danaher Corp.       1,431 343,311
Machinery 0.5%
Caterpillar, Inc.       1,281 384,697
Parker-Hannifin Corp.       1,578 732,981
          1,117,678
Metals & Mining 0.2%
Arch Resources, Inc.       2,917 516,192
Mortgage Real Estate Investment Trusts (REITs) 0.1%
Starwood Property Trust, Inc.       15,771 320,624
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PGIM Income Builder Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description     Shares   Value
Common Stocks (Continued)
Oil, Gas & Consumable Fuels 0.6%
Phillips 66       8,208  $1,184,497
Shell PLC (Netherlands), ADR       5,496 345,753
          1,530,250
Pharmaceuticals 0.9%
AstraZeneca PLC (United Kingdom), ADR       18,121 1,207,583
Eli Lilly & Co.       1,555 1,003,924
          2,211,507
Semiconductors & Semiconductor Equipment 1.8%
Applied Materials, Inc.       5,790 951,297
Broadcom, Inc.       1,227 1,447,860
Intel Corp.       18,562 799,651
Lam Research Corp.       1,388 1,145,336
          4,344,144
Software 0.3%
Microsoft Corp.       1,528 607,502
Specialized REITs 0.2%
Digital Realty Trust, Inc.       2,585 363,089
Specialty Retail 0.4%
O’Reilly Automotive, Inc.*       890 910,515
Technology Hardware, Storage & Peripherals 0.4%
Apple, Inc.       5,761 1,062,328
     
 
Total Common Stocks
(cost $26,619,323) 		34,939,887
Preferred Stock 0.2%
Electric Utilities 
NextEra Energy, Inc., CVT, 6.926%, Maturing 09/01/25
(cost $775,661) 		      15,911 592,048
Unaffiliated Exchange-Traded Funds 3.6%
Invesco Preferred ETF(a)       313,588 3,719,154
iShares 0-5 Year High Yield Corporate Bond ETF       57,000 2,417,940
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PGIM Income Builder Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description     Shares   Value
Unaffiliated Exchange-Traded Funds (Continued)
SPDR Bloomberg Convertible Securities ETF       34,500  $2,454,330
     
 
Total Unaffiliated Exchange-Traded Funds
(cost $8,580,490) 		8,591,424
     
 
 
Total Long-Term Investments
(cost $230,983,575) 		234,770,356
 
Short-Term Investments 1.9%
Affiliated Mutual Funds 
PGIM Core Ultra Short Bond Fund     1,852,933 1,852,933
PGIM Institutional Money Market Fund (7-day effective yield 5.727%)
(cost $2,527,564; includes $2,514,912 of cash collateral for securities on loan)(b) 		    2,528,757 2,527,998
     
 
 
Total Short-Term Investments
(cost $4,380,497)(wa) 		4,380,931
 
TOTAL INVESTMENTS 100.9%
(cost $235,364,072) 		        239,151,287
Liabilities in excess of other assets (0.9)% (2,058,598)
 
Net Assets 100.0% $237,092,689
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 $2,463,322; cash collateral of $2,514,912 (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.
(wa) Represents investments in Funds affiliated with the Manager.
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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