| Description | Shares | Value | |||
| Long-Term Investments 98.9% | |||||
| Common Stocks 82.5% | |||||
| Diversified Real Estate Activities 2.3% | |||||
| Sun Hung Kai Properties Ltd. (Hong Kong) | 42,828 | $607,371 | |||
| Diversified REITs 10.6% | |||||
| Daiwa House REIT Investment Corp. (Japan) | 104 | 226,276 | |||
| Essential Properties Realty Trust, Inc. | 49,761 | 1,267,910 | |||
| Land Securities Group PLC (United Kingdom) | 44,091 | 386,273 | |||
| Mirvac Group (Australia) | 285,734 | 461,635 | |||
| Nomura Real Estate Master Fund, Inc. (Japan) | 341 | 398,788 | |||
| 2,740,882 | |||||
| Health Care REITs 17.5% | |||||
| Community Healthcare Trust, Inc. | 32,952 | 1,412,982 | |||
| Healthcare Realty Trust, Inc. | 31,614 | 680,650 | |||
| Medical Properties Trust, Inc.(a) | 95,215 | 1,233,034 | |||
| Omega Healthcare Investors, Inc. | 41,071 | 1,209,130 | |||
| 4,535,796 | |||||
| Hotel & Resort REITs 3.6% | |||||
| Apple Hospitality REIT, Inc. | 53,153 | 942,403 | |||
| Industrial REITs 5.3% | |||||
| CapitaLand Ascendas REIT (Singapore) | 244,641 | 538,365 | |||
| Nexus Industrial REIT (Canada) | 102,730 | 829,993 | |||
| 1,368,358 | |||||
| Office REITs 0.9% | |||||
| Nippon Building Fund, Inc. (Japan) | 54 | 236,000 | |||
| Real Estate Operating Companies 1.6% | |||||
| Swire Properties Ltd. (Hong Kong) | 145,050 | 407,671 | |||
| Residential REITs 3.6% | |||||
| Equity Residential | 7,074 | 450,260 | |||
| Essex Property Trust, Inc. | 943 | 213,184 | |||
| UDR, Inc. | 6,201 | 264,102 | |||
| 927,546 | |||||
| Retail REITs 31.7% | |||||
| Agree Realty Corp. | 19,704 | 1,470,510 | |||
| Description | Shares | Value | |||
| Common Stocks (Continued) | |||||
| Retail REITs (cont’d.) | |||||
| Brixmor Property Group, Inc. | 28,873 | $679,382 | |||
| CapitaLand Integrated Commercial Trust (Singapore) | 599,575 | 980,986 | |||
| Japan Metropolitan Fund Investment Corp. (Japan) | 3 | 2,319 | |||
| Kimco Realty Corp. | 19,781 | 444,281 | |||
| Kite Realty Group Trust | 30,555 | 663,043 | |||
| Link REIT (Hong Kong) | 58,177 | 465,670 | |||
| National Retail Properties, Inc. | 20,351 | 963,620 | |||
| NETSTREIT Corp. | 24,559 | 494,373 | |||
| Scentre Group (Australia) | 206,924 | 448,985 | |||
| Spirit Realty Capital, Inc. | 28,780 | 1,262,866 | |||
| Supermarket Income REIT PLC (United Kingdom) | 279,596 | 332,163 | |||
| 8,208,198 | |||||
| Specialized REITs 5.4% | |||||
| CubeSmart | 13,742 | 629,246 | |||
| Digital Realty Trust, Inc. | 6,605 | 757,065 | |||
| 1,386,311 | |||||
| Total Common Stocks (cost $21,371,082) | 21,360,536 | ||||
| Preferred Stocks 16.4% | |||||
| Diversified REITs 4.9% | |||||
| Armada Hoffler Properties, Inc., Series A, 6.750%, Maturing 06/18/24(oo) | 22,239 | 507,716 | |||
| Gladstone Commercial Corp., Series G, 6.000%, Maturing 06/28/26(oo) | 35,356 | 751,669 | |||
| 1,259,385 | |||||
| Hotel & Resort REITs 3.1% | |||||
| Pebblebrook Hotel Trust, Series H, 5.700%, Maturing 07/27/26(oo) | 41,254 | 793,314 | |||
| Residential REITs 4.7% | |||||
| American Homes 4 Rent, Series G, 5.875%, Maturing 03/02/23(oo) | 28,610 | 685,496 | |||
| Centerspace, Series C, 6.625%, Maturing 03/02/23(oo) | 20,180 | 538,806 | |||
| 1,224,302 | |||||
| Description | Shares | Value | |||
| Preferred Stocks (Continued) | |||||
| Specialized REITs 3.7% | |||||
| EPR Properties, Series G, 5.750%, Maturing 03/02/23(oo) | 47,207 | $954,525 | |||
| Total Preferred Stocks (cost $4,715,494) | 4,231,526 | ||||
| Total Long-Term Investments (cost $26,086,576) | 25,592,062 | ||||
| Short-Term Investments 2.2% | |||||
| Affiliated Mutual Fund 1.3% | |||||
| PGIM Institutional Money Market Fund (cost $335,136; includes $334,052 of cash collateral for securities on loan)(b)(we) | 335,268 | 335,201 | |||
| Unaffiliated Fund 0.9% | |||||
| Dreyfus Government Cash Management (Institutional Shares) (cost $248,602) | 248,602 | 248,602 | |||
| Total Short-Term Investments (cost $583,738) | 583,803 | ||||
| TOTAL INVESTMENTS 101.1% (cost $26,670,314) | 26,175,865 | ||||
| Liabilities in excess of other assets (1.1)% | (290,072) | ||||
| Net Assets 100.0% | $25,885,793 | ||||
| Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: |
| REITs—Real Estate Investment Trust | |
| UTS—Unit Trust 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 $330,225; cash collateral of $334,052 (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. |
| (oo) | Perpetual security. Maturity date represents next call date. |
| (we) | PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Institutional Money Market Fund. |