0001145549-19-009786.txt : 20190408 0001145549-19-009786.hdr.sgml : 20190408 20190408121947 ACCESSION NUMBER: 0001145549-19-009786 CONFORMED SUBMISSION TYPE: N-CEN/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190131 FILED AS OF DATE: 20190408 DATE AS OF CHANGE: 20190408 EFFECTIVENESS DATE: 20190408 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/A SEC ACT: 1940 Act SEC FILE NUMBER: 811-09999 FILM NUMBER: 19736927 BUSINESS ADDRESS: STREET 1: 655 BROAD STREET STREET 2: PRUDENTIAL TOWER SOUTH , 17TH FLOOR CITY: NEWARK STATE: NJ ZIP: 07102 BUSINESS PHONE: 973-802-6469 MAIL ADDRESS: STREET 1: 655 BROAD STREET STREET 2: PRUDENTIAL TOWER SOUTH , 17TH FLOOR CITY: NEWARK STATE: NJ ZIP: 07102 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 S000004538 PGIM Core Short-Term Bond Fund C000012440 PGIM Core Short-Term Bond Fund 0001099692 S000004539 PGIM Core Ultra Short Bond Fund C000012441 PGIM Core Ultra Short Bond Fund 0001099692 S000055237 PGIM Institutional Money Market Fund C000173696 PGIM Institutional Money Market Fund N-CEN/A 1 primary_doc.xml X0201 N-CEN/A 0001145549-19-009715 LIVE 0001099692 XXXXXXXX false false false N-1A S000004538 true S000004539 true S000055237 true Prudential Investment Portfolios 2 811-09999 0001099692 54930073VH97GP26HU49 655 Broad Street 17th Floor Newark 07102-4077 US-NJ US 1-800-225-1852 The Bank of New York Mellon 240 Greenwich Street New York 10286 1-212-495-1784 Records related to its function as custodian. PGIM INVESTMENTS LLC 655 Broad Street 17th Floor Newark 07102-4077 1-800-225-1852 Records related to its function as advisor. PGIM, Inc. 655 BROAD STREET 17th Floor NEWARK 07102-4077 973-367-6089 Records related to its function as sub-advisor. Prudential Investment Portfolios 2 655 Broad street 17th Floor Newark 07102-4077 1-800-225-1852 Records related to its function as registrant. N N N-1A 11 N Ellen S. Alberding N/A N Barry H. Evans N/A N Keith F. Hartstein N/A N Laurie Simon Hodrick N/A N Michael S. Hyland N/A N Stuart S. Parker 001767335 Y Scott E. Benjamin 004385999 Y Grace C. Torres N/A Y Brian K. Reid N/A N Kevin J. Bannon N/A N Linda W. Bynoe N/A N CHAD A. 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Report of Independent Registered Public Accounting Firm

To the Shareholders of the Funds and Board of Trustees

Prudential Investment Portfolios 2:

In planning and performing our audits of the financial statements of PGIM Core Short-Term Bond Fund, PGIM Core Ultra Short Bond Fund, and PGIM Institutional Money Market Fund (the Funds), each a series of Prudential Investment Portfolios 2, as of and for the year ended January 31, 2019, 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 an opinion 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.

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 January 31, 2019.

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.

 

/s/ KPMG LLP

New York, New York

March 18, 2019