0001145549-18-006927.txt : 20181011 0001145549-18-006927.hdr.sgml : 20181011 20181011162243 ACCESSION NUMBER: 0001145549-18-006927 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20180731 FILED AS OF DATE: 20181011 EFFECTIVENESS DATE: 20181011 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRUDENTIAL INVESTMENT PORTFOLIOS 2 CENTRAL INDEX KEY: 0001099692 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-09999 FILM NUMBER: 181118547 BUSINESS ADDRESS: STREET 1: GATEWAY CENTER THREE 4TH FLOOR STREET 2: 100 MULBERRY STREET CITY: NEWARK STATE: NJ ZIP: 07102-4077 BUSINESS PHONE: 973-802-6469 MAIL ADDRESS: STREET 1: GATEWAY CENTER THREE 4TH FLOOR STREET 2: 100 MULBERRY STREET CITY: NEWARK STATE: NJ ZIP: 07102-4077 FORMER COMPANY: FORMER CONFORMED NAME: DRYDEN CORE INVESTMENT FUND DATE OF NAME CHANGE: 20030721 FORMER COMPANY: FORMER CONFORMED NAME: PRUDENTIAL CORE INVESTMENT FUND DATE OF NAME CHANGE: 20000623 0001099692 S000055760 PGIM QMA Commodity Strategies Fund 0001099692 S000055761 PGIM Core Conservative Bond Fund 0001099692 S000055762 PGIM Jennison Small-Cap Core Equity Fund 0001099692 S000055765 PGIM QMA Mid-Cap Core Equity Fund 0001099692 S000055766 PGIM QMA US Broad Market Index Fund 0001099692 S000055767 PGIM TIPS Fund N-CEN 1 primary_doc.xml X0101 N-CEN LIVE 0001099692 XXXXXXXX false false false N-1A S000055766 true S000055767 true S000055765 true S000055761 true S000055762 true S000055760 true Prudential Investment Portfolios 2 811-09999 0001099692 54930073VH97GP26HU49 655 BROAD STREET 17TH FLOOR Newark 07102 US-NJ US 800-225-1852 The Bank of New York Mellon 240 Greenwich St. New York 10286 212-495-1784 Records related to its function as custodian Prudential Investment Portfolios 2 655 Broad street Newark 07102 800-225-1852 Records related to its function as registrant Quantitative Management Associates LLC Gateway Center 2 Newark 07102 866-748-0643 Records related to its function as sub-advisor Jennison Associates LLC 466 Lexington Avenue New York 10017 212-421-1000 records related to its function as sub-advisor PGIM INVESTMENTS LLC 655 Broad Street Newark 07102-4077 800-225-1852 Records related to function as advisor PGIM, Inc. 655 Broad Street Newark 07102-4077 800-225-1852 Records related to its function as sub-advisor Y N N-1A 11 Y Brian K. 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Report of Independent Registered Public Accounting Firm

The Board of Trustees and Shareholders

Prudential Investment Portfolios 2:

In planning and performing our audits of the financial statements of PGIM Jennison Small-Cap Core Equity Fund, PGIM Core Conservative Bond Fund, PGIM TIPS Fund, PGIM QMA Commodity Strategies Fund, PGIM QMA US Broad Market Index Fund, and PGIM QMA Mid-Cap Core Equity Fund (the “Funds”), each a series of Prudential Investment Portfolios 2, as of and for the periods ended July 31, 2018, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Funds’ internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the Funds’ financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing opinions on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion.

Management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and trustees of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Funds’ annual or interim financial statements will not be prevented or detected on a timely basis.

The Board of Trustees and Shareholders

Prudential Investment Portfolios 2

Page 2

Our consideration of the Funds’ internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Funds’ internal control over financial reporting and its operation, including controls over safeguarding securities that we consider to be a material weakness as defined above as of July 31, 2018.

This report is intended solely for the information and use of management and the Board of Trustees of Prudential Investment Portfolios 2 and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

KPMG LLP

New York, New York

September 24, 2018