NPORT-EX 2 PI63250PGIMCoreSTBdFd.htm
PGIM Core Short-Term Bond Fund
Schedule of Investments  (unaudited)
as of April 30, 2021
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Long-Term Investments 88.7%
Asset-Backed Securities 9.9%
Automobiles 5.3%
Ally Auto Receivables Trust,          
Series 2018-03, Class A3 3.000 % 01/17/23   3,031  $3,047,107
Series 2019-02, Class A3 2.230 01/16/24   3,000 3,035,493
Ally Master Owner Trust,          
Series 2018-02, Class A 3.290 05/15/23   9,100 9,108,190
Series 2018-04, Class A 3.300 07/17/23   10,000 10,065,132
     
 
Bank of The West Auto Trust,
Series 2017-01, Class A3, 144A 		2.110 01/15/23   84 83,723
BMW Floorplan Master Owner Trust,
Series 2018-01, Class A1, 144A 		3.150 05/15/23   5,000 5,005,679
CarMax Auto Owner Trust,          
Series 2017-04, Class A3 2.110 10/17/22   109 108,946
Series 2018-01, Class A3 2.480 11/15/22   500 501,689
Series 2018-02, Class A3 2.980 01/17/23   1,384 1,393,416
Series 2018-03, Class A3 3.130 06/15/23   4,075 4,125,501
Series 2018-04, Class A3 3.360 09/15/23   5,967 6,073,040
Series 2019-02, Class A3 2.680 03/15/24   3,100 3,153,683
Series 2020-04, Class A3 0.500 08/15/25   2,400 2,405,505
     
 
Fifth Third Auto Trust,
Series 2019-01, Class A3 		2.640 12/15/23   1,833 1,859,103
Ford Credit Auto Lease Trust,          
Series 2020-B, Class A2A 0.500 12/15/22   2,033 2,035,100
Series 2020-B, Class A2B, 1 Month LIBOR + 0.260% 0.375(c) 12/15/22   2,033 2,034,428
     
 
Ford Credit Auto Owner Trust,
Series 2017-01, Class A, 144A 		2.620 08/15/28   4,600 4,686,970
Ford Credit Floorplan Master Owner Trust,          
Series 2019-01, Class A 2.840 03/15/24   8,400 8,589,896
Series 2019-03, Class A1 2.230 09/15/24   3,800 3,900,605
GM Financial Consumer Automobile Receivables Trust,          
Series 2018-03, Class A3 3.020 05/16/23   1,505 1,520,129
Series 2018-04, Class A3 3.210 10/16/23   2,805 2,843,830
GMF Floorplan Owner Revolving Trust,          
Series 2018-04, Class A1, 144A 3.500 09/15/23   13,100 13,260,175
Series 2019-01, Class A, 144A 2.700 04/15/24   10,500 10,743,456
Honda Auto Receivables Owner Trust,          
Series 2018-02, Class A3 3.010 05/18/22   723 726,333
Series 2019-02, Class A3 2.520 06/21/23   1,654 1,676,973
     
 
Hyundai Auto Lease Securitization Trust,
Series 2020-B, Class A2, 144A 		0.360 01/17/23   2,438 2,439,164
1
PGIM Core Short-Term Bond Fund
Schedule of Investments  (unaudited) (continued)
as of April 30, 2021
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Asset-Backed Securities (Continued)
Automobiles (cont’d.)
     
Hyundai Floorplan Master Owner Trust,
Series 2019-01, Class A, 144A 		2.680 % 04/15/24   4,900  $5,008,727
Mercedes-Benz Auto Receivables Trust,
Series 2018-01, Class A3 		3.030 01/17/23   1,217 1,226,487
Nissan Auto Receivables Owner Trust,
Series 2018-B, Class A3 		3.060 03/15/23   1,797 1,816,501
Santander Retail Auto Lease Trust,          
Series 2019-C, Class A2A, 144A 1.890 09/20/22   6,013 6,035,626
Series 2020-B, Class A2, 144A 0.420 11/20/23   10,197 10,209,356
     
 
Toyota Auto Receivables Owner Trust,
Series 2018-C, Class A3 		3.020 12/15/22   2,421 2,446,039
World Omni Auto Receivables Trust,          
Series 2018-C, Class A3 3.130 11/15/23   4,068 4,120,399
Series 2018-D, Class A3 3.330 04/15/24   5,296 5,386,896
Series 2019-A, Class A3 3.040 05/15/24   1,225 1,246,342
     
 
World Omni Automobile Lease Securitization Trust,
Series 2019-B, Class A2A 		2.050 07/15/22   2,768 2,775,444
          144,695,083
Credit Cards 3.4%
American Express Credit Account Master Trust,          
Series 2018-06, Class A 3.060 02/15/24   7,700 7,746,413
Series 2018-08, Class A 3.180 04/15/24   7,700 7,786,946
Series 2019-01, Class A 2.870 10/15/24   15,000 15,349,666
Series 2019-02, Class A 2.670 11/15/24   6,900 7,065,356
Series 2019-03, Class A 2.000 04/15/25   14,800 15,155,398
BA Credit Card Trust,          
Series 2018-A03, Class A3 3.100 12/15/23   4,500 4,527,525
Series 2019-A01, Class A1 1.740 01/15/25   16,600 16,932,364
Discover Card Execution Note Trust,          
Series 2018-A04, Class A4 3.110 01/16/24   7,400 7,445,108
Series 2018-A05, Class A5 3.320 03/15/24   10,100 10,217,442
Series 2019-A01, Class A1 3.040 07/15/24   1,000 1,019,994
          93,246,212
2
PGIM Core Short-Term Bond Fund
Schedule of Investments  (unaudited) (continued)
as of April 30, 2021
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Asset-Backed Securities (Continued)
Home Equity Loans 0.9%
Accredited Mortgage Loan Trust,
Series 2004-04, Class A2D, 1 Month LIBOR + 0.700% (Cap N/A, Floor 0.700%) 		0.806 %(c) 01/25/35   914  $905,281
ACE Securities Corp. Home Equity Loan Trust,
Series 2003-HE01, Class M2, 1 Month LIBOR + 2.550% (Cap N/A, Floor 2.550%) 		2.656(c) 11/25/33   11 16,240
Ameriquest Mortgage Securities, Inc., Asset-Backed Pass-Through Certificates,
Series 2003-11, Class AV2, 1 Month LIBOR + 0.740% (Cap N/A, Floor 0.740%) 		0.846(c) 12/25/33   196 193,814
Argent Securities, Inc., Asset-Backed Pass-Through
Certificates, 		         
Series 2003-W03, Class M2, 1 Month LIBOR + 2.700% (Cap N/A, Floor 2.700%) 2.806(c) 09/25/33   6,308 6,346,322
Series 2004-W08, Class A2, 1 Month LIBOR + 0.960% (Cap N/A, Floor 0.960%) 1.066(c) 05/25/34   2 1,812
Asset-Backed Funding Certificate Trust,          
Series 2003-AHL01, Class A1 4.184(cc) 03/25/33   218 221,837
Series 2003-OPT01, Class A3, 1 Month LIBOR + 0.680% (Cap N/A, Floor 0.680%) 0.786(c) 04/25/33   645 610,103
Series 2004-HE01, Class M1, 1 Month LIBOR + 0.900% (Cap N/A, Floor 0.900%) 1.006(c) 03/25/34   448 446,085
     
 
Asset-Backed Securities Corp. Home Equity Loan Trust,
Series 2003-HE06, Class A2, 1 Month LIBOR + 0.680% (Cap N/A, Floor 0.680%) 		0.786(c) 11/25/33   193 189,572
Bear Stearns Asset-Backed Securities Trust,
Series 2003-03, Class M1, 1 Month LIBOR + 1.230% (Cap 11.000%, Floor 1.230%) 		1.336(c) 06/25/43   323 327,511
CDC Mortgage Capital Trust,
Series 2003-HE03, Class M1, 1 Month LIBOR + 1.050% (Cap N/A, Floor 1.050%) 		1.156(c) 11/25/33   1,115 1,101,663
Equifirst Mortgage Loan Trust,
Series 2003-01, Class M2, 1 Month LIBOR + 2.850% (Cap N/A, Floor 2.850%) 		2.956(c) 12/25/32   38 38,431
Home Equity Asset Trust,          
Series 2002-03, Class M1, 1 Month LIBOR + 1.350% (Cap N/A, Floor 1.350%) 1.456(c) 02/25/33   380 383,502
Series 2003-02, Class M1, 1 Month LIBOR + 1.320% (Cap N/A, Floor 1.320%) 1.426(c) 08/25/33   748 755,049
3
PGIM Core Short-Term Bond Fund
Schedule of Investments  (unaudited) (continued)
as of April 30, 2021
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Asset-Backed Securities (Continued)
Home Equity Loans (cont’d.)
Home Equity Asset Trust, (cont’d.)          
Series 2003-03, Class M1, 1 Month LIBOR + 1.290% (Cap N/A, Floor 1.290%) 1.396 %(c) 08/25/33   664  $664,652
Series 2003-08, Class M1, 1 Month LIBOR + 1.080% (Cap N/A, Floor 1.080%) 1.186(c) 04/25/34   260 260,583
     
 
MASTR Asset-Backed Securities Trust,
Series 2004-OPT02, Class A2, 1 Month LIBOR + 0.700% (Cap N/A, Floor 0.700%) 		0.806(c) 09/25/34   140 135,815
Merrill Lynch Mortgage Investors Trust,          
Series 2004-HE02, Class A1A, 1 Month LIBOR + 0.800% (Cap N/A, Floor 0.800%) 0.906(c) 08/25/35   46 43,261
Series 2004-HE02, Class M1, 1 Month LIBOR + 1.200% (Cap N/A, Floor 1.200%) 1.306(c) 08/25/35   246 245,768
Morgan Stanley ABS Capital I, Inc. Trust,          
Series 2002-NC06, Class M1, 1 Month LIBOR + 1.500% (Cap N/A, Floor 1.500%) 1.606(c) 11/25/32   145 144,999
Series 2003-NC05, Class M1, 1 Month LIBOR + 1.275% (Cap N/A, Floor 1.275%) 1.381(c) 04/25/33   1,011 1,011,400
Series 2003-NC05, Class M3, 1 Month LIBOR + 3.450% (Cap N/A, Floor 3.450%) 3.556(c) 04/25/33   86 87,297
Series 2003-NC08, Class M1, 1 Month LIBOR + 1.050% (Cap N/A, Floor 1.050%) 1.156(c) 09/25/33   784 785,270
Series 2003-NC08, Class M2, 1 Month LIBOR + 2.625% (Cap N/A, Floor 2.625%) 2.731(c) 09/25/33   13 13,181
Series 2003-NC10, Class M1, 1 Month LIBOR + 1.020% (Cap N/A, Floor 1.020%) 1.126(c) 10/25/33   129 128,619
Series 2004-HE07, Class M1, 1 Month LIBOR + 0.900% (Cap N/A, Floor 0.900%) 1.006(c) 08/25/34   2,453 2,435,149
     
 
New Century Home Equity Loan Trust,
Series 2004-01, Class M1, 1 Month LIBOR + 0.885% (Cap 11.500%, Floor 0.885%) 		0.991(c) 05/25/34   2,773 2,752,279
Renaissance Home Equity Loan Trust,
Series 2003-01, Class A, 1 Month LIBOR + 0.860% (Cap N/A, Floor 0.860%) 		0.966(c) 06/25/33   248 233,350
4
PGIM Core Short-Term Bond Fund
Schedule of Investments  (unaudited) (continued)
as of April 30, 2021
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Asset-Backed Securities (Continued)
Home Equity Loans (cont’d.)
     
Residential Asset Securities Trust,
Series 2004-KS05, Class AI5 		4.626 %(cc) 06/25/34   4,558  $4,664,280
Saxon Asset Securities Trust,
Series 2003-03, Class M2, 1 Month LIBOR + 2.400% (Cap N/A, Floor 2.400%) 		2.506(c) 12/25/33   32 32,228
          25,175,353
Residential Mortgage-Backed Securities 0.3%
Ameriquest Mortgage Securities, Inc., Asset-Backed Pass-Through Certificates,
Series 2004-R05, Class M1, 1 Month LIBOR + 0.870% (Cap N/A, Floor 0.870%) 		0.976(c) 07/25/34   303 303,306
Amortizing Residential Collateral Trust,
Series 2002-BC05, Class M2, 1 Month LIBOR + 1.800% (Cap N/A, Floor 1.800%) 		1.906(c) 07/25/32   75 74,854
Chase Funding Trust,          
Series 2002-02, Class 2A1, 1 Month LIBOR + 0.500% (Cap N/A, Floor 0.500%) 0.606(c) 05/25/32   317 313,674
Series 2003-01, Class 2A2, 1 Month LIBOR + 0.660% (Cap N/A, Floor 0.660%) 0.766(c) 11/25/32   264 262,498
Countrywide Asset-Backed Certificates,          
Series 2003-BC04, Class M1, 1 Month LIBOR + 1.050% (Cap N/A, Floor 1.050%) 1.156(c) 07/25/33   133 133,597
Series 2004-01, Class M1, 1 Month LIBOR + 0.750% (Cap N/A, Floor 0.750%) 0.856(c) 03/25/34   141 140,370
     
 
Credit-Based Asset Servicing & Securitization LLC,
Series 2003-CB05, Class M1, 1 Month LIBOR + 1.020% (Cap N/A, Floor 1.020%) 		1.126(c) 11/25/33   526 520,813
Equity One Mortgage Pass-Through Trust,
Series 2003-01, Class M1 		4.860(cc) 08/25/33   50 50,940
First Franklin Mortgage Loan Trust,
Series 2004-FF05, Class A1, 1 Month LIBOR + 0.720% (Cap N/A, Floor 0.720%) 		0.826(c) 08/25/34   165 164,244
GSAMP Trust,
Series 2003-FM01, Class M2, 1 Month LIBOR + 2.775% (Cap N/A, Floor 2.775%) 		2.891(c) 03/20/33   8 9,443
HSI Asset Securitization Corp. Trust,
Series 2006-OPT04, Class 2A4, 1 Month LIBOR + 0.500% (Cap N/A, Floor 0.500%) 		0.606(c) 03/25/36   1,361 1,354,264
5
PGIM Core Short-Term Bond Fund
Schedule of Investments  (unaudited) (continued)
as of April 30, 2021
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Asset-Backed Securities (Continued)
Residential Mortgage-Backed Securities (cont’d.)
Long Beach Mortgage Loan Trust,          
Series 2003-03, Class M1, 1 Month LIBOR + 1.125% (Cap N/A, Floor 1.125%) 1.231 %(c) 07/25/33   736  $737,729
Series 2003-04, Class M1, 1 Month LIBOR + 1.020% (Cap N/A, Floor 1.020%) 1.126(c) 08/25/33   304 302,376
Series 2004-02, Class M1, 1 Month LIBOR + 0.795% (Cap N/A, Floor 0.795%) 0.901(c) 06/25/34   1,756 1,733,304
Series 2004-03, Class M1, 1 Month LIBOR + 0.855% (Cap N/A, Floor 0.855%) 0.961(c) 07/25/34   2,313 2,288,473
Merrill Lynch Mortgage Investors Trust,          
Series 2003-WMC02, Class M2, 1 Month LIBOR + 2.850% (Cap N/A, Floor 2.850%) 2.956(c) 02/25/34   211 214,000
Series 2004-WMC01, Class M2, 1 Month LIBOR + 1.650% (Cap N/A, Floor 1.650%) 1.756(c) 10/25/34   662 663,181
     
 
Morgan Stanley ABS Capital I, Inc. Trust,
Series 2004-NC05, Class M1, 1 Month LIBOR + 0.900% (Cap N/A, Floor 0.900%) 		1.006(c) 05/25/34   404 399,461
Structured Asset Investment Loan Trust,
Series 2003-BC01, Class A2, 1 Month LIBOR + 0.680% (Cap N/A, Floor 0.680%) 		0.786(c) 01/25/33   95 94,152
          9,760,679
     
 
Total Asset-Backed Securities
(cost $265,372,245) 		272,877,327
Certificates of Deposit 2.3%
Canadian Imperial Bank of Commerce, 3 Month LIBOR + 0.110% 0.304(c) 01/03/22   7,000 7,001,668
Credit Agricole Corporate & Investment Bank, 3 Month LIBOR + 0.480% 0.664(c) 09/13/21   10,000 10,013,222
Nordea Bank Abp, 3 Month LIBOR + 0.200% 0.394(c) 02/14/22   20,000 20,009,659
Sumitomo Mitsui Banking Corp., 3 Month LIBOR + 0.350% 0.538(c) 07/12/21   5,000 5,002,111
Svenska Handelsbanken, 3 Month LIBOR + 0.200% 0.389(c) 02/18/22   20,000 20,015,834
     
 
Total Certificates of Deposit
(cost $61,997,076) 		62,042,494
6
PGIM Core Short-Term Bond Fund
Schedule of Investments  (unaudited) (continued)
as of April 30, 2021
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Commercial Mortgage-Backed Securities 15.6%
BANK,
Series 2017-BNK05, Class A1 		1.909 % 06/15/60   397  $397,887
Barclays Commercial Mortgage Securities Trust,
Series 2018-TALL, Class A, 144A, 1 Month LIBOR + 0.722% (Cap N/A, Floor 0.722%) 		0.837(c) 03/15/37   37,270 37,176,206
Benchmark Mortgage Trust,          
Series 2018-B03, Class A2 3.848 04/10/51   2,160 2,265,851
Series 2018-B05, Class A2 4.077 07/15/51   1,800 1,906,773
BX Commercial Mortgage Trust,          
Series 2018-BIOA, Class A, 144A, 1 Month LIBOR + 0.671% (Cap N/A, Floor 0.648%) 0.786(c) 03/15/37   35,000 35,037,646
Series 2020-BXLP, Class A, 144A, 1 Month LIBOR + 0.800% (Cap N/A, Floor 0.800%) 0.915(c) 12/15/36   5,988 5,989,670
     
 
BX Trust,
Series 2018-EXCL, Class A, 144A, 1 Month LIBOR + 1.088% (Cap N/A, Floor 1.088%) 		1.203(c) 09/15/37   9,369 9,122,847
CAMB Commercial Mortgage Trust,
Series 2019-LIFE, Class A, 144A, 1 Month LIBOR + 1.070% (Cap N/A, Floor 1.070%) 		1.185(c) 12/15/37   9,500 9,511,779
Citigroup Commercial Mortgage Trust,          
Series 2014-GC25, Class A3 3.372 10/10/47   13,536 14,383,986
Series 2016-P04, Class A2 2.450 07/10/49   19,939 20,015,105
Commercial Mortgage Trust,          
Series 2014-CR15, Class A2 2.928 02/10/47   82 81,863
Series 2014-UBS05, Class A2 3.031 09/10/47   641 640,570
Series 2018-HCLV, Class A, 144A, 1 Month LIBOR + 1.000% (Cap N/A, Floor 1.000%) 1.115(c) 09/15/33   11,508 11,450,233
     
 
Credit Suisse Mortgage Capital Certificates,
Series 2019-ICE04, Class A, 144A, 1 Month LIBOR + 0.980% (Cap N/A, Floor 0.980%) 		1.095(c) 05/15/36   35,000 35,074,084
Deutsche Bank Commercial Mortgage Trust,
Series 2016-C03, Class A1 		1.502 08/10/49   111 111,037
GS Mortgage Securities Corp. Trust,
Series 2021-RENT, Class A, 144A, 1 Month LIBOR + 0.700% (Cap N/A, Floor 0.700%) 		0.814(c) 11/21/35   5,415 5,417,775
GS Mortgage Securities Trust,          
Series 2018-GS09, Class A1 2.861 03/10/51   398 398,496
Series 2018-HART, Class A, 144A, 1 Month LIBOR + 1.090% (Cap N/A, Floor 1.090%) 1.210(c) 10/15/31   21,300 21,287,160
JPMBB Commercial Mortgage Securities Trust,          
Series 2013-C15, Class ASB 3.659 11/15/45   637 660,988
Series 2014-C18, Class A4A2, 144A 3.794 02/15/47   7,938 8,427,978
7
PGIM Core Short-Term Bond Fund
Schedule of Investments  (unaudited) (continued)
as of April 30, 2021
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Commercial Mortgage-Backed Securities (Continued)
JPMBB Commercial Mortgage Securities Trust, (cont’d.)          
Series 2014-C24, Class A3 3.098 % 11/15/47   19,500  $19,521,571
Series 2014-C24, Class A4A2, 144A 3.373 11/15/47   25,000 26,446,673
     
 
JPMDB Commercial Mortgage Securities Trust,
Series 2020-COR07, Class A2 		2.215 05/13/53   25,000 25,956,548
JPMorgan Chase Commercial Mortgage Securities Trust,          
Series 2014-C20, Class A3A2, 144A 3.472 07/15/47   14,302 14,297,232
Series 2017-FL11, Class A, 144A, 1 Month LIBOR + 0.850% (Cap N/A, Floor 0.850%) 0.965(c) 10/15/32   9,482 9,393,389
Series 2018-WPT, Class AFL, 144A, 1 Month LIBOR + 0.950% (Cap N/A, Floor 0.950%) 1.061(c) 07/05/33   19,358 19,382,320
Series 2019-BKWD, Class A, 144A, 1 Month LIBOR + 1.000% (Cap N/A, Floor 1.000%) 1.115(c) 09/15/29   4,600 4,605,938
     
 
Ladder Capital Commercial Mortgage Securities Trust,
Series 2017-LC26, Class A2, 144A 		3.128 07/12/50   4,705 4,743,332
LSTAR Commercial Mortgage Trust,
Series 2017-05, Class A2, 144A 		2.776 03/10/50   10,297 10,380,190
Morgan Stanley Bank of America Merrill Lynch Trust,          
Series 2012-C06, Class A4 2.858 11/15/45   3,628 3,675,023
Series 2013-C07, Class A3 2.655 02/15/46   5,849 5,943,156
Morgan Stanley Capital I Trust,          
Series 2012-C04, Class A4 3.244 03/15/45   3,428 3,469,382
Series 2016-UB12, Class A2 2.932 12/15/49   13,200 13,361,000
Series 2018-H03, Class A2 3.997 07/15/51   2,250 2,387,213
     
 
One New York Plaza Trust,
Series 2020-01NYP, Class A, 144A, 1 Month LIBOR + 0.950% 		1.065(c) 01/15/26   11,900 11,959,554
UBS Commercial Mortgage Trust,
Series 2018-C08, Class A2 		3.713 02/15/51   2,400 2,499,167
UBS-Barclays Commercial Mortgage Trust,          
Series 2012-C03, Class A4 3.091 08/10/49   8,436 8,657,896
Series 2012-C04, Class A3 2.533 12/10/45   14,509 14,515,413
Series 2012-C04, Class A5 2.850 12/10/45   4,512 4,640,396
     
 
Wells Fargo Commercial Mortgage Trust,
Series 2015-P02, Class A2B 		4.839(cc) 12/15/48   3,388 3,450,034
     
 
Total Commercial Mortgage-Backed Securities
(cost $428,655,888) 		428,643,361
8
PGIM Core Short-Term Bond Fund
Schedule of Investments  (unaudited) (continued)
as of April 30, 2021
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds 60.9%
Aerospace & Defense 0.6%
General Dynamics Corp.,
Gtd. Notes, 3 Month LIBOR + 0.380% 		0.583 %(c) 05/11/21   10,675  $10,675,828
Lockheed Martin Corp.,
Sr. Unsec’d. Notes 		3.350 09/15/21   5,263 5,322,518
          15,998,346
Agriculture 0.1%
Cargill, Inc.,
Sr. Unsec’d. Notes, 144A 		1.375 07/23/23   3,000 3,065,047
Airlines 0.7%
Southwest Airlines Co.,
Sr. Unsec’d. Notes 		4.750 05/04/23   17,500 18,904,871
Apparel 0.6%
VF Corp.,
Sr. Unsec’d. Notes 		2.050 04/23/22   15,000 15,248,391
Auto Manufacturers 3.7%
American Honda Finance Corp.,
Sr. Unsec’d. Notes, MTN, 3 Month LIBOR + 0.350% 		0.545(c) 11/05/21   3,410 3,414,853
BMW US Capital LLC (Germany),          
Gtd. Notes, 144A, SOFR + 0.530% 0.540(c) 04/01/24   8,500 8,517,763
Gtd. Notes, 144A 1.850 09/15/21   8,000 8,035,398
Gtd. Notes, 144A 3.400 08/13/21   7,000 7,061,080
Gtd. Notes, 144A 3.800 04/06/23   10,000 10,622,152
     
 
Daimler Finance North America LLC (Germany),
Sr. Unsec’d. Notes, 144A 		0.750 03/01/24   31,500 31,421,560
Toyota Motor Credit Corp.,          
Sr. Unsec’d. Notes, MTN, SOFR + 0.300% 0.310(c) 06/13/22   10,000 10,007,714
Sr. Unsec’d. Notes, MTN, 3 Month LIBOR + 0.290% 0.490(c) 10/07/21   11,000 11,011,774
Sr. Unsec’d. Notes, MTN, 3 Month LIBOR + 0.690% (Cap N/A, Floor 0.000%) 0.878(c) 01/11/22   550 552,321
     
 
Volkswagen Group of America Finance LLC (Germany),
Gtd. Notes, 144A 		2.900 05/13/22   10,000 10,247,875
          100,892,490
9
PGIM Core Short-Term Bond Fund
Schedule of Investments  (unaudited) (continued)
as of April 30, 2021
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Banks 14.7%
Australia & New Zealand Banking Group Ltd. (Australia),
Sr. Unsec’d. Notes, 144A, MTN, 3 Month LIBOR + 0.490% 		0.672 %(c) 11/21/22   20,434  $20,549,208
Banco Santander SA (Spain),          
Sr. Unsec’d. Notes, 3 Month LIBOR + 1.560% 1.748(c) 04/11/22   12,200 12,324,134
Sr. Unsec’d. Notes 3.500 04/11/22   4,000 4,113,764
     
 
Bank of America Corp.,
Sr. Unsec’d. Notes, MTN 		5.000 05/13/21   1,225 1,226,473
Bank of New York Mellon Corp. (The),          
Sr. Unsec’d. Notes, MTN, 3 Month LIBOR + 1.050% 1.236(c) 10/30/23   1,927 1,951,845
Sr. Unsec’d. Notes, MTN 1.950 08/23/22   6,700 6,850,156
Bank of Nova Scotia (The) (Canada),          
Sr. Unsec’d. Notes, 3 Month LIBOR + 0.620% 0.810(c) 09/19/22   1,750 1,762,933
Sr. Unsec’d. Notes 1.625 05/01/23   14,000 14,344,574
Banque Federative du Credit Mutuel SA (France),          
Sr. Unsec’d. Notes, 144A 0.650 02/27/24   17,750 17,755,196
Sr. Unsec’d. Notes, 144A, MTN, 3 Month LIBOR + 0.730% 0.918(c) 07/20/22   960 967,078
     
 
Barclays Bank PLC (United Kingdom),
Sr. Unsec’d. Notes 		1.700 05/12/22   26,000 26,351,279
Canadian Imperial Bank of Commerce (Canada),          
Sr. Unsec’d. Notes 0.000(cc) 03/17/23   21,000 21,186,617
Sr. Unsec’d. Notes, 3 Month LIBOR + 0.720% 0.910(c) 06/16/22   2,260 2,276,764
     
 
Citibank NA,
Sr. Unsec’d. Notes, 3 Month LIBOR + 0.600% 		0.782(c) 05/20/22   4,750 4,751,254
Commonwealth Bank of Australia (Australia),          
Sr. Unsec’d. Notes, 144A, 3 Month LIBOR + 0.700% 0.883(c) 03/10/22   5,000 5,026,664
Sr. Unsec’d. Notes, 144A, MTN, 3 Month LIBOR + 0.680% 0.870(c) 09/18/22   250 251,964
     
 
Cooperatieve Rabobank UA (Netherlands),
Sr. Unsec’d. Notes, SOFR + 0.300% 		0.310(c) 01/12/24   14,000 14,007,179
Credit Suisse AG (Switzerland),          
Sr. Unsec’d. Notes, SOFR + 0.390% 0.411(c) 02/02/24   7,500 7,468,848
Sr. Unsec’d. Notes, SOFR + 0.450% 0.469(c) 02/04/22   18,000 17,997,263
Sr. Unsec’d. Notes 2.100 11/12/21   9,000 9,082,828
     
 
Fifth Third Bank NA,
Sr. Unsec’d. Notes, MTN 		1.800 01/30/23   7,000 7,169,838
10
PGIM Core Short-Term Bond Fund
Schedule of Investments  (unaudited) (continued)
as of April 30, 2021
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Banks (cont’d.)
     
Goldman Sachs Group, Inc. (The),
Sr. Unsec’d. Notes 		0.627 %(ff) 11/17/23   20,000  $20,022,726
Huntington National Bank (The),
Sr. Unsec’d. Notes 		1.800 02/03/23   8,000 8,188,339
ING Groep NV (Netherlands),
Sr. Unsec’d. Notes, 3 Month LIBOR + 1.150% 		1.343(c) 03/29/22   4,000 4,035,600
KeyBank NA,
Sr. Unsec’d. Notes 		1.250 03/10/23   12,500 12,699,457
Lloyds Banking Group PLC (United Kingdom),
Sr. Unsec’d. Notes, 3 Month LIBOR + 0.800% 		0.987(c) 06/21/21   3,000 3,003,065
Mitsubishi UFJ Financial Group, Inc. (Japan),
Sr. Unsec’d. Notes 		2.623 07/18/22   20,000 20,541,785
Mizuho Financial Group, Inc. (Japan),
Sr. Unsec’d. Notes 		2.273 09/13/21   9,210 9,276,987
Morgan Stanley,          
Sr. Unsec’d. Notes, GMTN 0.000(cc) 01/20/23   9,167 9,186,741
Sr. Unsec’d. Notes, MTN, 3 Month LIBOR + 1.400% 1.576(c) 10/24/23   11,551 11,735,771
Sr. Unsec’d. Notes, MTN 2.625 11/17/21   3,500 3,545,185
     
 
National Australia Bank Ltd. (Australia),
Sr. Unsec’d. Notes, 144A, 3 Month LIBOR + 0.890% 		1.078(c) 01/10/22   400 402,246
National Securities Clearing Corp.,          
Sr. Unsec’d. Notes, 144A 0.400 12/07/23   12,750 12,747,970
Sr. Unsec’d. Notes, 144A 1.200 04/23/23   5,000 5,087,992
PNC Bank NA,          
Sr. Unsec’d. Notes, 3 Month LIBOR + 0.325% 0.501(c) 02/24/23   14,000 14,020,928
Sr. Unsec’d. Notes, 3 Month LIBOR + 0.500% 0.681(c) 07/27/22   350 351,846
     
 
Santander UK PLC (United Kingdom),
Sr. Unsec’d. Notes, 3 Month LIBOR + 0.660% 		0.854(c) 11/15/21   9,000 9,026,344
Toronto-Dominion Bank (The) (Canada),
Sr. Unsec’d. Notes, MTN 		0.000(cc) 01/27/23   2,750 2,762,518
Truist Bank,          
Sr. Unsec’d. Notes 0.000(cc) 03/09/23   2,750 2,772,959
Sr. Unsec’d. Notes, 3 Month LIBOR + 0.590% 0.782(c) 05/17/22   15,000 15,072,735
UBS AG (Switzerland),          
Sr. Unsec’d. Notes, 144A, MTN, SOFR + 0.360% 0.378(c) 02/09/24   7,500 7,502,399
Sr. Unsec’d. Notes, 144A, MTN 0.450 02/09/24   5,000 4,972,885
     
 
US Bank NA,
Sr. Unsec’d. Notes, 3 Month LIBOR + 0.440% 		0.615(c) 05/23/22   6,300 6,323,265
Wells Fargo & Co.,
Sr. Unsec’d. Notes 		2.100 07/26/21   10,000 10,042,711
11
PGIM Core Short-Term Bond Fund
Schedule of Investments  (unaudited) (continued)
as of April 30, 2021
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Banks (cont’d.)
     
Wells Fargo Bank NA,
Sr. Unsec’d. Notes 		2.082 %(ff) 09/09/22   12,000  $12,072,827
Westpac Banking Corp. (Australia),
Sr. Unsec’d. Notes, 3 Month LIBOR + 0.720% 		0.914(c) 05/15/23   175 177,010
          402,988,150
Beverages 1.3%
Coca-Cola European Partners PLC (United Kingdom),          
Sr. Unsec’d. Notes, 144A 0.500 05/05/23   8,000 7,998,284
Sr. Unsec’d. Notes, 144A 0.800 05/03/24   3,000 3,000,142
     
 
Keurig Dr. Pepper, Inc.,
Gtd. Notes 		3.551 05/25/21   10,000 10,019,202
PepsiCo, Inc.,
Sr. Unsec’d. Notes 		0.400 10/07/23   14,500 14,539,222
          35,556,850
Biotechnology 0.4%
Gilead Sciences, Inc.,          
Sr. Unsec’d. Notes, 3 Month LIBOR + 0.520% 0.713(c) 09/29/23   6,000 6,006,022
Sr. Unsec’d. Notes 0.750 09/29/23   6,000 6,007,673
          12,013,695
Chemicals 0.3%
Air Liquide Finance SA (France),
Gtd. Notes, 144A 		2.250 09/27/23   2,780 2,891,971
Nutrien Ltd. (Canada),
Sr. Unsec’d. Notes 		1.900 05/13/23   5,000 5,131,490
          8,023,461
Commercial Services 0.5%
PayPal Holdings, Inc.,
Sr. Unsec’d. Notes 		1.350 06/01/23   9,000 9,167,952
Verisk Analytics, Inc.,
Sr. Unsec’d. Notes 		5.800 05/01/21   5,000 5,000,000
          14,167,952
12
PGIM Core Short-Term Bond Fund
Schedule of Investments  (unaudited) (continued)
as of April 30, 2021
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Computers 0.9%
Apple, Inc.,
Sr. Unsec’d. Notes 		1.700 % 09/11/22   5,000  $5,100,038
International Business Machines Corp.,
Sr. Unsec’d. Notes, 3 Month LIBOR + 0.400% 		0.594(c) 05/13/21   18,800 18,801,873
          23,901,911
Cosmetics/Personal Care 0.6%
Procter & Gamble Co. (The),
Sr. Unsec’d. Notes 		2.150 08/11/22   6,499 6,661,560
Unilever Capital Corp. (United Kingdom),
Gtd. Notes 		0.375 09/14/23   10,000 10,021,456
          16,683,016
Diversified Financial Services 2.2%
American Express Co.,
Sr. Unsec’d. Notes 		3.700 11/05/21   24,000 24,350,749
American Express Credit Corp.,
Sr. Unsec’d. Notes, MTN, 3 Month LIBOR + 0.700% 		0.884(c) 03/03/22   1,561 1,568,823
Aviation Capital Group LLC,
Sr. Unsec’d. Notes, 144A, 3 Month LIBOR + 0.950% 		1.141(c) 06/01/21   19,000 18,998,041
Capital One Bank USA NA,
Sub. Notes 		3.375 02/15/23   6,000 6,298,312
Charles Schwab Corp. (The),
Sr. Unsec’d. Notes, 3 Month LIBOR + 0.320% 		0.502(c) 05/21/21   10,500 10,500,709
          61,716,634
Electric 4.8%
American Electric Power Co., Inc.,          
Sr. Unsec’d. Notes, Series A, 3 Month LIBOR + 0.480% 0.685(c) 11/01/23   12,000 12,017,944
Sr. Unsec’d. Notes, Series I 3.650 12/01/21   5,051 5,145,274
     
 
CenterPoint Energy, Inc.,
Sr. Unsec’d. Notes 		3.600 11/01/21   9,250 9,396,090
Consolidated Edison Co. of New York, Inc.,
Sr. Unsec’d. Notes, Series C, 3 Month LIBOR + 0.400% 		0.601(c) 06/25/21   9,000 9,004,728
13
PGIM Core Short-Term Bond Fund
Schedule of Investments  (unaudited) (continued)
as of April 30, 2021
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Electric (cont’d.)
     
Consolidated Edison, Inc.,
Sr. Unsec’d. Notes 		2.000 % 05/15/21   3,500  $3,501,769
DTE Energy Co.,
Sr. Unsec’d. Notes 		2.250 11/01/22   27,000 27,711,900
Duke Energy Corp.,
Sr. Unsec’d. Notes, 144A, 3 Month LIBOR + 0.500% 		0.698(c) 05/14/21   500 500,039
Duke Energy Florida LLC,
Sr. Unsec’d. Notes, Series A, 3 Month LIBOR + 0.250% 		0.440(c) 11/26/21   345 345,260
Enel Finance International NV (Italy),          
Gtd. Notes, 144A 2.750 04/06/23   2,500 2,600,023
Gtd. Notes, 144A 4.250 09/14/23   5,000 5,406,277
     
 
Entergy Louisiana LLC,
First Mortgage 		0.620 11/17/23   10,750 10,762,259
National Rural Utilities Cooperative Finance Corp.,
Sr. Unsec’d. Notes, MTN, 3 Month LIBOR + 0.375% 		0.574(c) 06/30/21   369 369,185
NextEra Energy Capital Holdings, Inc.,
Gtd. Notes 		2.900 04/01/22   17,500 17,924,124
PPL Electric Utilities Corp.,
First Mortgage 		2.500 09/01/22   9,000 9,198,517
WEC Energy Group, Inc.,
Sr. Unsec’d. Notes 		0.800 03/15/24   17,000 17,033,216
          130,916,605
Foods 2.1%
Mondelez International Holdings Netherlands BV,
Gtd. Notes, 144A 		2.000 10/28/21   10,000 10,068,115
Mondelez International, Inc.,
Sr. Unsec’d. Notes 		0.625 07/01/22   21,900 21,969,176
Nestle Holdings, Inc.,          
Gtd. Notes, 144A 0.375 01/15/24   10,000 9,967,324
Gtd. Notes, 144A 3.100 09/24/21   15,500 15,638,009
          57,642,624
Forest Products & Paper 0.5%
Georgia-Pacific LLC,
Sr. Unsec’d. Notes, 144A 		3.734 07/15/23   14,126 15,023,987
14
PGIM Core Short-Term Bond Fund
Schedule of Investments  (unaudited) (continued)
as of April 30, 2021
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Gas 0.4%
Atmos Energy Corp.,
Sr. Unsec’d. Notes, 3 Month LIBOR + 0.380% 		0.565 %(c) 03/09/23   12,000  $12,004,360
Healthcare-Products 0.2%
Stryker Corp.,
Sr. Unsec’d. Notes 		0.600 12/01/23   4,750 4,751,223
Household Products/Wares 0.7%
Reckitt Benckiser Treasury Services PLC (United Kingdom),
Gtd. Notes, 144A, 3 Month LIBOR + 0.560% 		0.751(c) 06/24/22   18,050 18,149,598
Insurance 6.8%
AIA Group Ltd. (Hong Kong),
Sr. Unsec’d. Notes, 144A, 3 Month LIBOR + 0.520% 		0.707(c) 09/20/21   24,400 24,399,610
Ambac Assurance Corp.,
Sub. Notes, 144A 		5.100 –(d)(rr)   11 14,537
Berkshire Hathaway, Inc.,
Sr. Unsec’d. Notes 		2.750 03/15/23   13,000 13,536,081
Equitable Financial Life Global Funding,
Sec’d. Notes, 144A, SOFR + 0.390% 		0.400(c) 04/06/23   25,000 25,007,024
Jackson National Life Global Funding,
Sr. Sec’d. Notes, 144A, 3 Month LIBOR + 0.480% 		0.657(c) 06/11/21   16,800 16,807,134
Metropolitan Life Global Funding I,          
Sec’d. Notes, 144A 3.450 10/09/21   9,250 9,379,951
Sec’d. Notes, 144A, MTN 3.375 01/11/22   13,750 14,045,897
New York Life Global Funding,          
Sec’d. Notes, 144A, 3 Month LIBOR + 0.320% 0.513(c) 08/06/21   5,500 5,503,850
Sec’d. Notes, 144A 2.900 01/17/24   2,000 2,125,520
Sr. Sec’d. Notes, 144A, 3 Month LIBOR + 0.440% 0.628(c) 07/12/22   16,760 16,831,490
     
 
Pacific Life Global Funding II,
Sr. Sec’d. Notes, 144A 		0.500 09/23/23   12,000 12,017,203
Principal Life Global Funding II,          
Sec’d. Notes, 144A, SOFR + 0.450% 0.460(c) 04/12/24   2,750 2,752,118
Sec’d. Notes, 144A 0.500 01/08/24   17,750 17,720,617
Protective Life Global Funding,          
Sec’d. Notes, 144A 0.631 10/13/23   10,750 10,778,990
Sr. Sec’d. Notes, 144A 0.473 01/12/24   15,000 14,906,708
          185,826,730
15
PGIM Core Short-Term Bond Fund
Schedule of Investments  (unaudited) (continued)
as of April 30, 2021
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Machinery-Construction & Mining 0.6%
Caterpillar Financial Services Corp.,          
Sr. Unsec’d. Notes 1.700 % 08/09/21   1,471  $1,476,764
Sr. Unsec’d. Notes, MTN 0.450 09/14/23   15,000 15,045,476
          16,522,240
Machinery-Diversified 1.0%
John Deere Capital Corp.,          
Sr. Unsec’d. Notes, MTN, 3 Month LIBOR + 0.260% 0.443(c) 09/10/21   10,600 10,607,766
Sr. Unsec’d. Notes, MTN 3.900 07/12/21   4,600 4,632,049
     
 
Otis Worldwide Corp.,
Sr. Unsec’d. Notes, 3 Month LIBOR + 0.450% 		0.644(c) 04/05/23   13,225 13,213,264
          28,453,079
Media 0.7%
Cox Communications, Inc.,
Sr. Unsec’d. Notes, 144A 		2.950 06/30/23   3,500 3,657,745
TWDC Enterprises 18 Corp.,
Gtd. Notes, MTN, 3 Month LIBOR + 0.390% 		0.573(c) 03/04/22   3,750 3,761,300
Walt Disney Co. (The),          
Gtd. Notes, 3 Month LIBOR + 0.250% 0.441(c) 09/01/21   3,000 3,002,098
Gtd. Notes, 3 Month LIBOR + 0.390% 0.581(c) 09/01/22   8,000 8,031,083
          18,452,226
Oil & Gas 4.5%
BP Capital Markets America, Inc.,
Gtd. Notes 		2.112 09/16/21   11,126 11,180,082
Exxon Mobil Corp.,          
Sr. Unsec’d. Notes, 3 Month LIBOR + 0.370% 0.546(c) 03/06/22   1,362 1,366,078
Sr. Unsec’d. Notes 1.571 04/15/23   21,000 21,523,225
Phillips 66,          
Gtd. Notes 0.900 02/15/24   16,000 16,012,313
Gtd. Notes 3.700 04/06/23   7,200 7,626,686
Gtd. Notes 4.300 04/01/22   4,000 4,142,600
     
 
Pioneer Natural Resources Co.,
Sr. Unsec’d. Notes 		0.750 01/15/24   10,750 10,755,395
Saudi Arabian Oil Co. (Saudi Arabia),
Sr. Unsec’d. Notes, 144A, MTN 		2.750 04/16/22   13,020 13,304,744
16
PGIM Core Short-Term Bond Fund
Schedule of Investments  (unaudited) (continued)
as of April 30, 2021
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Oil & Gas (cont’d.)
     
Total Capital International SA (France),
Gtd. Notes 		2.218 % 07/12/21   11,000  $11,023,284
Valero Energy Corp.,          
Sr. Unsec’d. Notes, 3 Month LIBOR + 1.150% 1.334(c) 09/15/23   15,000 15,031,485
Sr. Unsec’d. Notes 2.700 04/15/23   12,000 12,476,850
          124,442,742
Pharmaceuticals 3.1%
AbbVie, Inc.,          
Sr. Unsec’d. Notes, 3 Month LIBOR + 0.460% 0.641(c) 11/19/21   5,000 5,007,250
Sr. Unsec’d. Notes, 3 Month LIBOR + 0.650% 0.832(c) 11/21/22   4,000 4,025,378
Sr. Unsec’d. Notes 3.375 11/14/21   4,000 4,064,009
     
 
AmerisourceBergen Corp.,
Sr. Unsec’d. Notes 		0.737 03/15/23   26,500 26,569,177
Bayer US Finance II LLC (Germany),
Gtd. Notes, 144A 		3.500 06/25/21   7,500 7,514,113
Bristol-Myers Squibb Co.,          
Sr. Unsec’d. Notes 0.537 11/13/23   20,000 20,019,609
Sr. Unsec’d. Notes, 3 Month LIBOR + 0.380% 0.574(c) 05/16/22   4,000 4,012,132
     
 
EMD Finance LLC (Germany),
Gtd. Notes, 144A 		2.950 03/19/22   1,500 1,527,466
GlaxoSmithKline Capital PLC (United Kingdom),
Gtd. Notes 		0.534 10/01/23   13,500 13,543,277
          86,282,411
Pipelines 1.3%
Enterprise Products Operating LLC,          
Gtd. Notes 3.500 02/01/22   19,250 19,699,070
Gtd. Notes 3.900 02/15/24   4,376 4,732,981
     
 
Southern Natural Gas Co. LLC,
Sr. Unsec’d. Notes, 144A 		0.625 04/28/23   4,250 4,250,705
TransCanada PipeLines Ltd. (Canada),
Sr. Unsec’d. Notes 		2.500 08/01/22   7,000 7,189,736
          35,872,492
17
PGIM Core Short-Term Bond Fund
Schedule of Investments  (unaudited) (continued)
as of April 30, 2021
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Real Estate Investment Trusts (REITs) 0.7%
Public Storage,
Sr. Unsec’d. Notes 		0.000 %(cc) 04/23/24   20,000  $20,012,837
Retail 1.9%
7-Eleven, Inc.,          
Sr. Unsec’d. Notes, 144A 0.625 02/10/23   5,000 5,004,776
Sr. Unsec’d. Notes, 144A 0.800 02/10/24   7,000 6,990,406
     
 
AutoZone, Inc.,
Sr. Unsec’d. Notes 		3.700 04/15/22   15,610 15,974,178
Home Depot, Inc. (The),          
Sr. Unsec’d. Notes, 3 Month LIBOR + 0.310% 0.501(c) 03/01/22   2,419 2,424,610
Sr. Unsec’d. Notes 2.625 06/01/22   6,000 6,144,244
     
 
McDonald’s Corp.,
Sr. Unsec’d. Notes, MTN, 3 Month LIBOR + 0.430% 		0.614(c) 10/28/21   3,100 3,105,130
Starbucks Corp.,
Sr. Unsec’d. Notes 		1.300 05/07/22   2,000 2,021,290
Walmart, Inc.,
Sr. Unsec’d. Notes 		3.125 06/23/21   11,717 11,764,150
          53,428,784
Savings & Loans 0.9%
Nationwide Building Society (United Kingdom),
Sr. Unsec’d. Notes, 144A 		0.550 01/22/24   25,000 24,924,659
Semiconductors 0.4%
Intel Corp.,
Sr. Unsec’d. Notes, 3 Month LIBOR + 0.350% 		0.553(c) 05/11/22   10,000 10,025,987
Software 0.6%
Fidelity National Information Services, Inc.,
Sr. Unsec’d. Notes 		0.600 03/01/24   14,250 14,215,549
Infor, Inc.,
Sr. Unsec’d. Notes, 144A 		1.450 07/15/23   1,800 1,825,217
          16,040,766
Telecommunications 2.3%
NTT Finance Corp. (Japan),
Gtd. Notes, 144A 		0.583 03/01/24   15,250 15,225,211
18
PGIM Core Short-Term Bond Fund
Schedule of Investments  (unaudited) (continued)
as of April 30, 2021
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Telecommunications (cont’d.)
Rogers Communications, Inc. (Canada),
Gtd. Notes, 3 Month LIBOR + 0.600% 		0.787 %(c) 03/22/22   10,400  $10,435,125
Verizon Communications, Inc.,          
Sr. Unsec’d. Notes 0.000(cc) 03/22/24   23,000 23,104,477
Sr. Unsec’d. Notes 0.750 03/22/24   12,000 12,052,027
     
 
Vodafone Group PLC (United Kingdom),
Sr. Unsec’d. Notes 		2.500 09/26/22   3,600 3,699,978
          64,516,818
Transportation 0.8%
Ryder System, Inc.,
Sr. Unsec’d. Notes, MTN 		2.875 06/01/22   6,000 6,147,532
United Parcel Service, Inc.,          
Sr. Unsec’d. Notes, 3 Month LIBOR + 0.380% 0.574(c) 05/16/22   11,800 11,834,794
Sr. Unsec’d. Notes, 3 Month LIBOR + 0.450% 0.652(c) 04/01/23   5,144 5,176,392
          23,158,718
     
 
Total Corporate Bonds
(cost $1,663,035,838) 		1,675,609,700
 
Total Long-Term Investments
(cost $2,419,061,047) 		2,439,172,882
    
      Shares  
Short-Term Investments 11.6%
Affiliated Mutual Fund 0.4%          
PGIM Core Ultra Short Bond Fund
(cost $11,773,385)(wb) 		    11,773,385 11,773,385
    
  Interest
Rate 		  Maturity
Date 		Principal
Amount
(000)# 		 
Certificates of Deposit 3.5%  
Bank of Montreal, 3 Month LIBOR + 0.110% 0.294 %(c)   12/13/21   10,000 10,005,471
Lloyds Bank Corporate Markets PLC, 3 Month LIBOR + 0.190% 0.380(c)   11/26/21   25,000 24,981,796
19
PGIM Core Short-Term Bond Fund
Schedule of Investments  (unaudited) (continued)
as of April 30, 2021
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Certificates of Deposit (Continued)
Natixis SA, 3 Month LIBOR + 0.130% 0.315 %(c) 12/09/21   25,000  $25,013,486
Royal Bank of Canada, 3 Month LIBOR + 0.110% 0.300(c) 12/16/21   10,000 10,005,545
Skandinaviska Enskilda Banken AB, 3 Month LIBOR + 0.070% 0.254(c) 12/03/21   25,000 24,988,277
     
 
Total Certificates of Deposit
(cost $95,000,000) 		94,994,575
Commercial Paper 6.3%
AT&T, Inc.,
144A 		0.381(n) 11/16/21   25,000 24,962,083
Glencore Funding LLC,
144A 		0.350(n) 06/25/21   10,000 9,994,913
HSBC Bank PLC,
144A, 3 Month LIBOR + 0.130% 		0.312(c) 09/17/21   12,500 12,504,649
HSBC Bank USA NA,
144A 		0.462(n) 12/10/21   15,000 14,967,053
Province of Alberta Canada,
144A 		0.301(n) 12/09/21   8,000 7,991,625
Societe Generale SA,
144A, 3 Month LIBOR + 0.160% 		0.344(c) 12/13/21   25,000 25,019,932
Toronto-Dominion Bank (The),
144A, 3 Month LIBOR + 0.090% 		0.274(c) 12/03/21   25,000 25,010,199
UBS AG,
144A, 3 Month LIBOR + 0.080% 		0.268(c) 10/12/21   12,500 12,502,413
Volkswagen Group of America Finance LLC,
144A 		0.523(n) 10/25/21   15,000 14,961,508
Walt Disney Co. (The),
144A 		0.000(n) 03/31/22   5,500 5,486,305
Waste Management, Inc.,
144A 		0.351(n) 07/12/21   20,000 19,990,145
     
 
Total Commercial Paper
(cost $173,316,562) 		173,390,825
Corporate Bonds 1.4%          
Biotechnology 0.1%
Gilead Sciences, Inc.,
Sr. Unsec’d. Notes, 3 Month LIBOR + 0.150% 		0.332%(c) 09/17/21   3,500,000 3,500,755
20
PGIM Core Short-Term Bond Fund
Schedule of Investments  (unaudited) (continued)
as of April 30, 2021
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)          
Electric 0.9%
Southern California Edison Co.,
First Mortgage, Series D, 3 Month LIBOR + 0.270% 		0.454%(c) 12/03/21   24,750,000  $24,755,768
Pharmaceuticals 0.4%
AbbVie, Inc.,
Sr. Unsec’d. Notes, 3 Month LIBOR + 0.350% 		0.532%(c) 05/21/21   11,000,000 11,001,313
     
 
Total Corporate Bonds
(cost $39,250,000) 		39,257,836
     
 
 
Total Short-Term Investments
(cost $319,339,947) 		319,416,621
 
TOTAL INVESTMENTS 100.3%
(cost $2,738,400,994) 		2,758,589,503
Liabilities in excess of other assets(z) (0.3)% (9,259,709)
 
Net Assets 100.0% $2,749,329,794
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
    
144A Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, pursuant to the requirements of Rule 144A, may not be resold except to qualified institutional buyers.
A Annual payment frequency for swaps
ABS Asset-Backed Security
AMBAC American Municipal Bond Assurance Corp.
GMTN Global Medium Term Note
LIBOR London Interbank Offered Rate
MASTR Morgan Stanley Structured Asset Security
MTN Medium Term Note
Q Quarterly payment frequency for swaps
REITs Real Estate Investment Trust
S Semiannual payment frequency for swaps
SOFR Secured Overnight Financing Rate
USOIS United States Overnight Index Swap
    
# Principal or notional amount is shown in U.S. dollars unless otherwise stated.
(c) Variable rate instrument. The interest rate shown reflects the rate in effect at April 30, 2021.
(cc) Variable rate instrument. The rate shown is based on the latest available information as of April 30, 2021. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description.
21
PGIM Core Short-Term Bond Fund
Schedule of Investments  (unaudited) (continued)
as of April 30, 2021
(d) Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity.
(ff) Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end.
(n) Rate shown reflects yield to maturity at purchased date.
(rr) Perpetual security with no stated maturity date.
(wb) PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Core Ultra Short Bond Fund.
(z) Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments:
Interest rate swap agreements outstanding at April 30, 2021:
Notional
Amount
(000)# 		  Termination
Date 		  Fixed
Rate 		  Floating
Rate 		  Value at
Trade Date 		  Value at
April 30,
2021 		  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements:
  173,790   05/09/21   2.855%(S)   3 Month LIBOR(1)(Q)    $(774,544)    $(2,425,161)    $(1,650,617)
  26,500   07/27/21   2.929%(S)   3 Month LIBOR(1)(Q)   (440,672)   (376,749)   63,923
  95,600   10/02/21   1.898%(S)   3 Month LIBOR(1)(Q)   2,013,686   (824,662)   (2,838,348)
  22,000   10/04/21   3.046%(S)   3 Month LIBOR(1)(Q)   (535,710)   (314,200)   221,510
  33,301   01/11/22   2.672%(S)   3 Month LIBOR(1)(Q)   (135,630)   (840,198)   (704,568)
  7,000   01/24/22   2.426%(S)   3 Month LIBOR(1)(Q)   —   (159,357)   (159,357)
  24,550   04/01/22   2.265%(S)   3 Month LIBOR(1)(Q)   11,634   (503,792)   (515,426)
  49,030   04/12/22   2.357%(S)   3 Month LIBOR(1)(Q)   (286,839)   (1,052,689)   (765,850)
  74,000   06/15/22   1.873%(S)   3 Month LIBOR(1)(Q)   (116,415)   (1,884,779)   (1,768,364)
  21,900   07/02/22   (0.001)%(A)   1 Day USOIS(1)(A)   —   41,299   41,299
  18,500   08/22/22   1.421%(S)   3 Month LIBOR(1)(Q)   (17,603)   (334,485)   (316,882)
  59,800   09/03/22   1.919%(S)   3 Month LIBOR(1)(Q)   (586,731)   (1,532,676)   (945,945)
  15,000   01/30/23   1.467%(S)   3 Month LIBOR(1)(Q)   —   (374,604)   (374,604)
  65,700   05/11/23   2.250%(A)   1 Day USOIS(1)(A)   (3,959,253)   (4,236,701)   (277,448)
  19,250   02/04/24   0.133%(A)   1 Day USOIS(1)(A)   24,122   69,495   45,373
  47,000   03/01/24   0.230%(A)   1 Day USOIS(1)(A)   58,857   56,311   (2,546)
  12,000   03/15/24   0.276%(A)   1 Day USOIS(1)(A)   —   1,095   1,095
  17,000   03/18/24   0.278%(A)   1 Day USOIS(1)(A)   —   1,651   1,651
  3,000   04/26/24   0.305%(A)   1 Day USOIS(1)(A)   —   557   557
  15,000   08/31/24   0.399%(A)   1 Day USOIS(1)(A)   —   (9,168)   (9,168)
  25,000   11/29/24   0.090%(A)   1 Day USOIS(1)(A)   (3,130)   320,007   323,137
                    $(4,748,228)   $(14,378,806)   $(9,630,578)
    
(1) The Fund pays the fixed rate and receives the floating rate.
(2) The Fund pays the floating rate and receives the fixed rate.
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).
22