NPORT-EX 2 PIPA080PRU033124.htm
PGIM Credit Income Fund
Schedule of Investments as of March 31, 2024 (unaudited)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Long-Term Investments 114.1%
Asset-Backed Securities 16.2%
Automobiles 0.9%
Santander Bank Auto Credit-Linked Notes,
Series 2023-B, Class G, 144A 		17.128 % 12/15/33   900  $908,153
Collateralized Loan Obligations 15.3%
Atlas Senior Loan Fund Ltd. (Cayman Islands),
Series 2021-16A, Class D, 144A, 3 Month SOFR + 3.962% (Cap N/A, Floor 3.700%) 		9.279(c) 01/20/34   1,100 1,082,809
CQS US CLO Ltd. (United Kingdom),
Series 2023-03A, Class D, 144A, 3 Month SOFR + 4.200% (Cap N/A, Floor 4.200%) 		9.519(c) 01/25/37   1,500 1,501,562
Hayfin Emerald CLO DAC (Ireland),
Series 01A, Class DR, 144A, 3 Month EURIBOR + 3.100% (Cap N/A, Floor 3.100%) 		7.032(c) 04/17/34 EUR 1,000 1,005,333
KKR CLO Ltd. (United Kingdom),
Series 2022-43A, Class DR, 144A, 3 Month SOFR + 4.950% (Cap N/A, Floor 4.950%) 		10.295(c) 01/15/36   2,000 1,975,231
Mariner CLO LLC (Cayman Islands),
Series 2016-03A, Class D1R3, 144A, 3 Month SOFR + 4.150% (Cap N/A, Floor 4.150%) 		9.461(c) 01/23/37   1,000 999,921
Northwoods Capital Ltd. (Cayman Islands),          
Series 2017-15A, Class DR, 144A, 3 Month SOFR + 4.012% (Cap N/A, Floor 4.012%) 9.344(c) 06/20/34   2,000 1,955,891
Series 2020-22A, Class DRR, 144A, 3 Month SOFR + 4.950% (Cap N/A, Floor 4.950%) 10.283(c) 03/16/37   950 950,692
     
 
Oaktree CLO Ltd. (Cayman Islands),
Series 2019-04A, Class D1R, 144A, 3 Month SOFR + 3.612% (Cap N/A, Floor 3.350%) 		8.929(c) 10/20/32   1,000 1,000,000
Silver Rock CLO (Cayman Islands),
Series 2023-03A, Class D, 144A, 3 Month SOFR + 5.050% (Cap N/A, Floor 5.050%) 		10.387(c) 01/20/36   1,000 1,001,852
Tikehau US CLO Ltd. (Bermuda),
Series 2022-02A, Class D1R, 144A, 3 Month SOFR + 5.150% (Cap N/A, Floor 5.150%) 		10.468(c) 01/20/36   2,000 2,023,358
1
PGIM Credit Income Fund
Schedule of Investments as of March 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Asset-Backed Securities (Continued)
Collateralized Loan Obligations (cont’d.)
     
Trinitas CLO Ltd. (Cayman Islands),
Series 2023-26A, Class D, 144A, 3 Month SOFR + 4.500% (Cap N/A, Floor 4.500%) 		9.818 %(c) 01/20/35   1,000  $1,007,335
Z Capital Credit Partners BSL CLO Ltd. (Cayman Islands),
Series 2024-01A, Class C, 144A, 3 Month SOFR + 3.650% (Cap N/A, Floor 3.650%) 		8.981(c) 04/16/36   1,500 1,504,496
          16,008,480
     
 
Total Asset-Backed Securities
(cost $16,709,550) 		16,916,633
Commercial Mortgage-Backed Securities 6.6%
Benchmark Mortgage Trust,          
Series 2024-V05, Class XD, IO, 144A 2.973(cc) 01/10/57   8,000 960,616
Series 2024-V06, Class XD, IO 3.502(cc) 12/15/28   6,000 810,107
     
 
BMO Mortgage Trust,
Series 2024-5C3, Class XD, IO, 144A 		2.859(cc) 02/15/57   7,250 848,579
BPR Trust,
Series 2021-TY, Class D, 144A, 1 Month SOFR + 2.464% (Cap N/A, Floor 2.350%) 		7.790(c) 09/15/38   1,000 985,625
Morgan Stanley Capital I Trust,
Series 2019-MEAD, Class C, 144A 		3.177(cc) 11/10/36   1,210 1,092,200
ONE Mortgage Trust,
Series 2021-PARK, Class D, 144A, 1 Month SOFR + 1.614% (Cap N/A, Floor 1.500%) 		6.939(c) 03/15/36   1,000 935,148
Wells Fargo Commercial Mortgage Trust,
Series 2021-FCMT, Class C, 144A, 1 Month SOFR + 2.514% (Cap N/A, Floor 2.400%) 		7.840(c) 05/15/31   1,300 1,249,803
     
 
Total Commercial Mortgage-Backed Securities
(cost $6,846,908) 		6,882,078
Corporate Bonds 60.0%
Advertising 0.7%
Summer BC Holdco A Sarl (Luxembourg),
Gtd. Notes 		9.250 10/31/27 EUR 653 683,277
Aerospace & Defense 2.0%
Bombardier, Inc. (Canada),
Sr. Unsec’d. Notes, 144A(v) 		8.750 11/15/30   2,000 2,135,000
2
PGIM Credit Income Fund
Schedule of Investments as of March 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Agriculture 0.5%
Vector Group Ltd.,
Sr. Sec’d. Notes, 144A 		5.750 % 02/01/29   575  $532,684
Airlines 0.2%
United Airlines, Inc.,
Sr. Sec’d. Notes, 144A 		4.375 04/15/26   200 193,411
Apparel 0.7%
Wolverine World Wide, Inc.,
Gtd. Notes, 144A 		4.000 08/15/29   975 783,250
Auto Parts & Equipment 0.8%
Tenneco, Inc.,
Sr. Sec’d. Notes, 144A 		8.000 11/17/28   900 821,091
Banks 3.6%
Bank of America Corp.,
Jr. Sub. Notes, Series MM(v) 		4.300(ff) 01/28/25(oo)   2,300 2,242,759
JPMorgan Chase & Co.,
Jr. Sub. Notes, Series HH(v) 		4.600(ff) 02/01/25(oo)   1,500 1,478,331
          3,721,090
Building Materials 0.3%
JELD-WEN, Inc.,
Gtd. Notes, 144A 		4.625 12/15/25   325 317,816
Chemicals 3.5%
Ashland, Inc.,
Sr. Unsec’d. Notes, 144A 		3.375 09/01/31   300 253,868
Braskem Netherlands Finance BV (Brazil),
Gtd. Notes 		8.500 01/12/31   400 411,600
Herens Midco Sarl (Luxembourg),
Gtd. Notes 		5.250 05/15/29 EUR 710 498,387
Monitchem HoldCo 3 SA (Luxembourg),
Sr. Sec’d. Notes 		8.750 05/01/28 EUR 1,345 1,470,737
Syensqo SA (Belgium),
Jr. Sub. Notes 		2.500(ff) 12/02/25(oo) EUR 1,000 1,032,028
          3,666,620
3
PGIM Credit Income Fund
Schedule of Investments as of March 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Commercial Services 0.9%
Allied Universal Holdco LLC/Allied Universal Finance Corp.,
Sr. Sec’d. Notes, 144A 		6.625 % 07/15/26   637  $636,614
Autopistas del Sol SA (Costa Rica),
Sr. Sec’d. Notes 		7.375 12/30/30   282 271,091
          907,705
Computers 0.5%
McAfee Corp.,
Sr. Unsec’d. Notes, 144A 		7.375 02/15/30   575 530,515
Diversified Financial Services 0.7%
Nationstar Mortgage Holdings, Inc.,
Gtd. Notes, 144A 		5.750 11/15/31   500 461,468
PennyMac Financial Services, Inc.,
Gtd. Notes, 144A 		5.750 09/15/31   250 232,147
          693,615
Electric 4.9%
Calpine Corp.,
Sr. Unsec’d. Notes, 144A 		4.625 02/01/29   575 532,559
Eskom Holdings SOC Ltd. (South Africa),
Sr. Unsec’d. Notes, MTN 		8.450 08/10/28   404 401,980
NRG Energy, Inc.,
Jr. Sub. Notes, 144A(v) 		10.250(ff) 03/15/28(oo)   1,800 1,924,770
Vistra Corp.,
Jr. Sub. Notes, 144A(v) 		7.000(ff) 12/15/26(oo)   2,300 2,278,151
          5,137,460
Energy-Alternate Sources 0.3%
Energo-Pro A/S (Czech Republic),
Sr. Unsec’d. Notes 		8.500 02/04/27   280 283,587
Engineering & Construction 0.3%
Mexico City Airport Trust (Mexico),
Sr. Sec’d. Notes 		5.500 07/31/47   400 337,625
4
PGIM Credit Income Fund
Schedule of Investments as of March 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Entertainment 2.3%
Caesars Entertainment, Inc.,
Gtd. Notes, 144A 		4.625 % 10/15/29   1,150  $1,050,868
Penn Entertainment, Inc.,
Sr. Unsec’d. Notes, 144A 		5.625 01/15/27   200 193,537
Scientific Games Holdings LP/Scientific Games US FinCo, Inc.,
Sr. Unsec’d. Notes, 144A 		6.625 03/01/30   500 483,513
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.,
Gtd. Notes, 144A(v) 		5.125 10/01/29   675 639,820
          2,367,738
Foods 2.0%
B&G Foods, Inc.,
Gtd. Notes 		5.250 09/15/27   225 210,392
Bellis Finco PLC (United Kingdom),
Gtd. Notes 		4.000 02/16/27 GBP 1,325 1,503,023
Lamb Weston Holdings, Inc.,
Gtd. Notes, 144A 		4.125 01/31/30   200 182,474
Post Holdings, Inc.,
Sr. Sec’d. Notes, 144A 		6.250 02/15/32   140 140,976
          2,036,865
Healthcare-Services 0.8%
DaVita, Inc.,
Gtd. Notes, 144A 		3.750 02/15/31   975 815,752
Home Builders 0.3%
Brookfield Residential Properties, Inc./Brookfield
Residential US LLC (Canada), 		         
Gtd. Notes, 144A 6.250 09/15/27   100 97,500
Sr. Unsec’d. Notes, 144A 5.000 06/15/29   300 270,750
          368,250
Housewares 0.2%
Scotts Miracle-Gro Co. (The),
Gtd. Notes 		4.375 02/01/32   250 215,629
5
PGIM Credit Income Fund
Schedule of Investments as of March 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Iron/Steel 0.5%
Mineral Resources Ltd. (Australia),
Sr. Unsec’d. Notes, 144A 		9.250 % 10/01/28   500  $526,630
Leisure Time 1.7%
Carnival Corp.,
Gtd. Notes, 144A(v) 		6.000 05/01/29   550 540,402
NCL Corp. Ltd.,
Sr. Sec’d. Notes, 144A 		8.125 01/15/29   650 686,250
Viking Cruises Ltd.,
Gtd. Notes, 144A 		5.875 09/15/27   525 513,188
          1,739,840
Lodging 1.5%
MGM Resorts International,
Gtd. Notes(v) 		4.750 10/15/28   1,075 1,022,166
Wynn Macau Ltd. (Macau),          
Sr. Unsec’d. Notes, 144A 5.500 10/01/27   200 191,250
Sr. Unsec’d. Notes, 144A 5.625 08/26/28   425 402,422
          1,615,838
Machinery-Diversified 0.7%
Chart Industries, Inc.,
Sr. Sec’d. Notes, 144A 		7.500 01/01/30   300 311,590
Maxim Crane Works Holdings Capital LLC,
Sec’d. Notes, 144A 		11.500 09/01/28   400 433,692
          745,282
Media 8.3%
Altice Financing SA (Luxembourg),
Sr. Sec’d. Notes 		3.000 01/15/28 EUR 505 446,196
Altice Finco SA (Luxembourg),
Sec’d. Notes 		4.750 01/15/28 EUR 1,605 1,178,877
CCO Holdings LLC/CCO Holdings Capital Corp.,
Sr. Unsec’d. Notes, 144A(v) 		4.250 02/01/31   1,225 997,075
CSC Holdings LLC,
Gtd. Notes, 144A 		5.500 04/15/27   875 782,809
DISH DBS Corp.,
Gtd. Notes 		7.750 07/01/26   125 83,549
DISH Network Corp.,
Sr. Sec’d. Notes, 144A 		11.750 11/15/27   1,525 1,557,770
6
PGIM Credit Income Fund
Schedule of Investments as of March 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Media (cont’d.)
Globo Comunicacao e Participacoes SA (Brazil),
Sr. Unsec’d. Notes 		4.875 % 01/22/30   250  $218,125
Summer BidCo BV (Slovenia),
Sr. Unsec’d. Notes, 144A, Cash coupon 10.000% or PIK 10.750% 		10.000 02/15/29 EUR 400 437,206
Univision Communications, Inc.,
Sr. Sec’d. Notes, 144A 		6.625 06/01/27   525 513,889
Virgin Media Secured Finance PLC (United Kingdom),
Sr. Sec’d. Notes 		4.250 01/15/30 GBP 2,275 2,470,143
          8,685,639
Mining 1.8%
First Quantum Minerals Ltd. (Zambia),
Gtd. Notes, 144A 		6.875 10/15/27   200 190,400
Hudbay Minerals, Inc. (Canada),
Gtd. Notes, 144A 		6.125 04/01/29   1,050 1,038,187
New Gold, Inc. (Canada),
Gtd. Notes, 144A 		7.500 07/15/27   675 676,546
          1,905,133
Oil & Gas 6.5%
Antero Resources Corp.,
Gtd. Notes, 144A(v) 		5.375 03/01/30   650 624,425
Ecopetrol SA (Colombia),
Sr. Unsec’d. Notes 		8.875 01/13/33   350 367,672
Energean Israel Finance Ltd. (Israel),
Sr. Sec’d. Notes, 144A 		5.375 03/30/28   400 365,875
Hilcorp Energy I LP/Hilcorp Finance Co.,
Sr. Unsec’d. Notes, 144A(v) 		8.375 11/01/33   975 1,055,296
Petroleos Mexicanos (Mexico),
Gtd. Notes, MTN 		8.750 06/02/29   300 292,594
Preem Holdings AB (Sweden),
Sr. Unsec’d. Notes 		12.000 06/30/27 EUR 1,728 2,006,402
Raizen Fuels Finance SA (Brazil),
Gtd. Notes, 144A 		6.450 03/05/34   200 204,287
7
PGIM Credit Income Fund
Schedule of Investments as of March 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Oil & Gas (cont’d.)
Southwestern Energy Co.,
Gtd. Notes(v) 		4.750 % 02/01/32   850  $782,543
Wintershall Dea Finance 2 BV (Germany),
Gtd. Notes, Series NC8 		3.000(ff) 07/20/28(oo) EUR 1,100 1,043,199
          6,742,293
Packaging & Containers 0.3%
Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC,
Sr. Sec’d. Notes, 144A 		4.000 10/15/27   300 280,250
Pharmaceuticals 0.8%
AdaptHealth LLC,
Gtd. Notes, 144A 		6.125 08/01/28   850 798,117
Real Estate 0.5%
Howard Hughes Corp. (The),
Gtd. Notes, 144A 		4.125 02/01/29   575 516,920
Real Estate Investment Trusts (REITs) 0.5%
MPT Operating Partnership LP/MPT Finance Corp.,
Gtd. Notes 		5.000 10/15/27   400 337,654
RHP Hotel Properties LP/RHP Finance Corp.,
Gtd. Notes, 144A 		6.500 04/01/32   190 190,544
          528,198
Retail 4.8%
Brinker International, Inc.,
Gtd. Notes, 144A(v) 		8.250 07/15/30   975 1,027,128
Douglas Service GmbH (Germany),
Sr. Sec’d. Notes 		6.000 04/08/26 EUR 1,380 1,506,976
eG Global Finance PLC (United Kingdom),          
Sr. Sec’d. Notes 11.000 11/30/28 EUR 1,085 1,227,617
Sr. Sec’d. Notes, 144A 11.000 11/30/28 EUR 625 712,216
     
 
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.,
Sr. Sec’d. Notes, 144A 		4.625 01/15/29   575 527,791
Sally Holdings LLC/Sally Capital, Inc.,
Gtd. Notes 		6.750 03/01/32   25 24,807
          5,026,535
8
PGIM Credit Income Fund
Schedule of Investments as of March 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Telecommunications 4.0%
Colombia Telecomunicaciones SA ESP (Colombia),
Sr. Unsec’d. Notes 		4.950 % 07/17/30   250  $173,359
Eutelsat SA (France),
Sr. Unsec’d. Notes, 144A 		9.750 04/13/29 EUR 500 548,730
Level 3 Financing, Inc.,          
Sr. Sec’d. Notes, 144A 10.500 05/15/30   625 645,182
Sr. Sec’d. Notes, 144A 11.000 11/15/29   1,000 1,041,694
     
 
TalkTalk Telecom Group Ltd. (United Kingdom),
Gtd. Notes 		3.875 02/20/25 GBP 1,480 1,723,503
          4,132,468
Transportation 2.6%
GN Bondco LLC,
Sr. Sec’d. Notes, 144A 		9.500 10/15/31   1,450 1,448,200
XPO, Inc.,
Gtd. Notes, 144A(v) 		7.125 02/01/32   1,225 1,260,860
          2,709,060
     
 
Total Corporate Bonds
(cost $61,806,656) 		62,501,183
Floating Rate and Other Loans 27.1%
Aerospace & Defense 0.3%
TransDigm, Inc.,
Tranche J Term Loan, 3 Month SOFR + 3.250% 		8.559(c) 02/28/31   349 350,689
Airlines 0.5%
Air Canada (Canada),
Term Loan, 3 Month SOFR + 2.500% 		7.833(c) 03/21/31   300 300,187
American Airlines, Inc.,
Initial Term Loan, 3 Month SOFR + 5.012% 		10.329(c) 04/20/28   186 193,178
          493,365
9
PGIM Credit Income Fund
Schedule of Investments as of March 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Floating Rate and Other Loans (Continued)
Auto Manufacturers 0.3%
American Trailer World Corp.,
First Lien Initial Term Loan, 1 Month SOFR + 3.850% 		9.180 %(c) 03/03/28   205  $199,647
Novae LLC,
Tranche B Term Loan, 3 Month SOFR + 5.000% 		10.479(c) 12/22/28   99 98,591
          298,238
Auto Parts & Equipment 1.2%
First Brands Group LLC,          
2022-Ii Incremental Term Loan, 3 Month SOFR + 5.000% 10.574(c) 03/30/27   508 507,618
Term Loan —(p) 03/30/28   500 493,750
     
 
Tenneco, Inc.,
Term B Loan, 3 Month SOFR + 5.100% 		10.411(c) 11/17/28   305 286,128
          1,287,496
Beverages 0.2%
Pegasus Bidco BV (Netherlands),
2024-1 Term Dollar Loan, 3 Month SOFR + 3.750% 		9.057(c) 07/12/29   194 193,861
Building Materials 0.4%
CP Atlas Buyer, Inc.,
Term B Loan, 1 Month SOFR + 3.850% 		9.180(c) 11/23/27   204 201,265
MIWD HoldCo II LLC,
Term Loan 		—(p) 04/30/31   225 225,914
          427,179
Chemicals 2.1%
Ascend Performance Materials Operations LLC,
2021 Refinancing Term Loan, 6 Month SOFR + 4.850% 		10.074(c) 08/27/26   274 268,251
Chemours Company (The),
Tanche B-3 USD Term Loan, 1 Month SOFR + 3.500% 		8.830(c) 08/18/28   299 297,752
Consolidated Energy Finance SA (Switzerland),
2024 Incremental Term Loan, 1 Month SOFR + 4.500% 		9.827(c) 11/15/30   275 265,031
10
PGIM Credit Income Fund
Schedule of Investments as of March 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Floating Rate and Other Loans (Continued)
Chemicals (cont’d.)
DuBois Chemicals Group, Inc.,
First Lien Initial Term Loan, 1 Month SOFR + 4.600% 		9.930 %(c) 09/30/26   199  $198,643
Geon Performance Solutions LLC,
Initial Term Loan, 3 Month SOFR + 5.012%^ 		10.314(c) 08/18/28   299 299,233
Iris Holdings Ltd.,
Initial Term Loan, 3 Month SOFR + 4.850% 		10.163(c) 06/28/28   214 204,395
LSF11 A5 HoldCo, LLC,
Incremental Term Loan, 1 Month SOFR + 4.350% 		9.677(c) 10/15/28   199 199,184
Nouryon Finance BV,
Extended Dollar Term Loan, 3 Month SOFR + 4.100% 		9.419(c) 04/03/28   194 194,305
Vantage Specialty Chemicals, Inc.,
First Lien 2023 Other Term Loan, 3 Month SOFR + 4.750% 		10.068(c) 10/26/26   274 270,366
          2,197,160
Commercial Services 2.2%
Allied Universal Holdco LLC,
Amendment No. 3 Term Loan, 1 Month SOFR + 4.750% 		10.080(c) 05/12/28   194 194,354
API Group DE, Inc.,
Term Loan 		—(p) 01/03/29   375 375,156
ArchKey Holdings, Inc.,
First Lien Initial Term Loan, 1 Month SOFR + 5.364% 		10.692(c) 06/29/28   259 258,350
CoreLogic, Inc.,
First Lien Initial Term Loan, 1 Month SOFR + 3.614% 		8.945(c) 06/02/28   289 281,608
DS Parent, Inc.,
Term B Loan, 2 Month SOFR + 5.500% 		10.813(c) 01/31/31   75 73,906
Fly Funding II Sarl (Luxembourg),
Term B Loan, 3 Month LIBOR + 1.750% 		7.330(c) 08/11/25   243 237,263
Hertz Corp. (The),          
2023 Incremental Term Loan, 1 Month SOFR + 3.750% 9.079(c) 06/30/28   200 193,183
Initial Term B Loan, 1 Month SOFR + 3.364% 8.692(c) 06/30/28   209 202,002
Initial Term C Loan, 1 Month SOFR + 3.364% 8.692(c) 06/30/28   40 39,142
     
 
11
PGIM Credit Income Fund
Schedule of Investments as of March 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Floating Rate and Other Loans (Continued)
Commercial Services (cont’d.)
     
Indy US Holdco LLC,
Fifth Amendment Incremental Term Loan, 1 Month SOFR + 6.250% 		11.580 %(c) 03/06/28   284  $281,090
TruGreen LP,
Second Refinancing Term Loan (First Lien), 1 Month SOFR + 4.100% 		9.430(c) 11/02/27   204 198,210
          2,334,264
Computers 0.8%
McAfee Corp.,
Tranche B-1 Term Loan, 1 Month SOFR + 3.850% 		9.176(c) 03/01/29   259 258,360
NCR Atleos LLC,
Term B Loan, 3 Month SOFR + 4.850% 		10.163(c) 03/27/29   314 314,761
Peraton Corp.,
First Lien Term B Loan, 1 Month SOFR + 3.850% 		9.180(c) 02/01/28   249 248,202
          821,323
Distribution/Wholesale 0.1%
Closure Systems International Group, Inc.,
Term Loan 		—(p) 03/22/29   75 75,000
Diversified Financial Services 0.4%
Blackhawk Network Holdings, Inc.,
Term Loan B, 1 Month SOFR + 5.000% 		10.327(c) 03/12/29   250 250,111
Hudson River Trading LLC,
Term Loan, 1 Month SOFR + 3.114% 		8.445(c) 03/20/28   199 197,482
Nuvei Technologies Corp. (Canada),
Initial Term Loan, 1 Month SOFR + 3.000% 		8.363(c) 12/19/30   1 811
          448,404
Electric 0.3%
Discovery Energy Holding Corp.,
Term Loan 		—(p) 02/28/31   275 274,484
Electronics 0.2%
Roper Industrial Product,
Tranche B Dollar Term Loan, 3 Month SOFR + 4.000% 		9.302(c) 11/22/29   199 199,959
12
PGIM Credit Income Fund
Schedule of Investments as of March 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Floating Rate and Other Loans (Continued)
Engineering & Construction 0.8%
Aegion Corp.,
New Initial Term Loan, 1 Month SOFR + 4.250% 		9.580 %(c) 05/17/28   249  $250,206
Brand Industrial Services, Inc.,
Tranche B Term Loan, 3 Month SOFR + 5.500% 		10.806(c) 08/01/30   199 199,580
Brown Group Holding LLC,
Incremental Term B-2 Facility, 3 Month SOFR + 3.000% 		8.329(c) 07/02/29   199 199,464
Osmose Utilities Services, Inc.,
First Lien Initial Term Loan, 1 Month SOFR + 3.364% 		8.692(c) 06/23/28   199 195,954
          845,204
Entertainment 1.6%
Allen Media LLC,
Term B Loan, 3 Month SOFR + 5.650% 		10.959(c) 02/10/27   358 311,398
AP Gaming I LLC,
Term B Loan, 3 Month SOFR + 3.750% 		9.052(c) 02/15/29   150 149,935
Caesars Entertainment, Inc.,
Incremental Term B-1 Loan, 3 Month SOFR + 2.750% 		8.040(c) 02/06/31   575 574,713
Cinemark USA, Inc.,
Term Loan, 1 Month SOFR + 3.750% 		9.071(c) 05/24/30   249 249,942
Flutter Financing BV (Ireland),
Term B Loan, 3 Month SOFR + 2.250% 		7.559(c) 11/25/30   224 224,237
J&J Ventures Gaming LLC,
Initial Term Loan, 1 Month SOFR + 4.114% 		9.445(c) 04/26/28   199 197,031
          1,707,256
Environmental Control 0.4%
Action Environmental Group, Inc. (The),
Initial Term Loan, 3 Month SOFR + 4.500%^ 		9.824(c) 10/24/30   235 234,783
Madison IAQ LLC,
Initial Term Loan, 1 Month SOFR + 3.364% 		8.693(c) 06/21/28   199 198,502
          433,285
Healthcare-Services 0.2%
Surgery Center Holdings, Inc.,
New First Lien Term Loan, 1 Month SOFR + 3.500% 		8.829(c) 12/19/30   200 200,800
13
PGIM Credit Income Fund
Schedule of Investments as of March 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Floating Rate and Other Loans (Continued)
Holding Companies-Diversified 0.6%
Belfor Holdings, Inc.,
Initial Tranche B-1 Term Loan, 1 Month SOFR + 3.750%^ 		9.080 %(c) 11/01/30   258  $259,268
Clue OpCo LLC,
Term B Loan, 1 Month SOFR + 4.500% 		9.827(c) 12/19/30   364 358,636
          617,904
Home Furnishings 0.2%
TGP Holdings III LLC,
First Lien Closing Date Term Loan, 1 Month SOFR + 3.350% 		8.579(c) 06/29/28   250 236,222
Household Products/Wares 0.2%
Kronos Acquisition Holdings, Inc. (Canada),
Tranche B-1 Term Loan, 3 Month SOFR + 4.012% 		9.314(c) 12/22/26   199 198,997
Insurance 0.5%
Acrisure LLC,
Term Loan B 2020, 1 Month LIBOR + 3.500% 		8.945(c) 02/15/27   274 272,891
Assured Partners, Inc.,
2024 Term Loan, 1 Month SOFR + 3.500% 		8.827(c) 02/14/31   94 93,867
Asurion LLC,
New B-11 Term Loan, 1 Month SOFR + 4.350% 		9.677(c) 08/21/28   199 191,720
          558,478
Internet 0.3%
MH Sub I LLC,
2023 May New Term Loan, 1 Month SOFR + 4.250% 		9.580(c) 05/03/28   264 261,859
Investment Companies 1.8%
Guardian US Holdco,
Initial Term Loan, 3 Month SOFR + 3.500% 		8.809(c) 01/31/30   249 248,983
Hurricane CleanCo Ltd. (United Kingdom),
Term Loan, 3 Month EURIBOR + 6.250%^ 		6.250(c) 10/31/29 EUR 1,203 1,517,952
WEC US Holdings Ltd.,
Initial Term Loan, 1 Month SOFR + 2.750% 		8.077(c) 01/27/31   100 99,850
          1,866,785
14
PGIM Credit Income Fund
Schedule of Investments as of March 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Floating Rate and Other Loans (Continued)
Leisure Time 0.7%
Alterra Mountain Co.,
Term Loan^ 		— %(p) 05/31/30   175  $175,656
Bombardier Recreational Products, Inc. (Canada),
2023 Replacement Term Loan, 1 Month SOFR + 2.750% 		8.080(c) 12/13/29   249 249,373
Fender Musical Instruments Corp.,
Initial Term Loan, 1 Month SOFR + 4.100% 		9.429(c) 12/01/28   140 136,524
Recess Holdings, Inc.,
Initial Term Loan, 3 Month SOFR + 4.500% 		9.843(c) 02/20/30   150 150,563
          712,116
Machinery-Diversified 1.3%
CPM Holdings, Inc.,
Initial Term Loan, 1 Month SOFR + 4.500% 		9.826(c) 09/28/28   200 199,583
Hyster-Yale Group, Inc.,
Term loan B Facility, 1 Month SOFR + 3.614% 		8.942(c) 05/26/28   349 346,702
Innio North America Holdings,
Extended Facility B (USD), 3 Month SOFR + 4.250% 		9.564(c) 11/02/28   125 125,156
STS Operating, Inc.,
Term Loan 		—(p) 03/25/31   200 200,376
TK Elevator US Newco, Inc. (Germany),
Term Loan 		—(p) 04/30/30   523 524,606
          1,396,423
Media 0.7%
Altice Financing SA (Luxembourg),
2022 Dollar Loan, 3 Month SOFR + 5.000% 		10.314(c) 10/28/27   250 234,063
CSC Holdings LLC,
2022 Refinancing Term Loan, 1 Month SOFR + 4.500% 		9.825(c) 01/18/28   249 239,473
Univision Communications, Inc.,
2022 Incremental First-Lien Term Loan, 3 Month SOFR + 4.250% 		9.559(c) 06/24/29   194 194,158
          667,694
Metal Fabricate/Hardware 0.9%
Crosby US Acquisition Corp.,
Amendment No. 3 Replacement Term Loan, 1 Month SOFR + 4.000% 		9.327(c) 08/16/29   299 300,586
15
PGIM Credit Income Fund
Schedule of Investments as of March 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Floating Rate and Other Loans (Continued)
Metal Fabricate/Hardware (cont’d.)
Grinding Media, Inc.,
First Lien Initial Term Loan, 3 Month SOFR + 4.262%^ 		9.591 %(c) 10/12/28   199  $197,985
Tank Holding Corp.,
Term Loan, 1 Month SOFR + 5.850% 		11.177(c) 03/31/28   199 195,754
Trulite Glass & Aluminum Solutions LLC,
Initial Term Loan, 1 Month SOFR + 6.000%^ 		11.326(c) 03/01/30   225 224,156
          918,481
Mining 0.3%
Arsenal AIC Parent LLC,
2024 Refinancing Term B Loan, 1 Month SOFR + 3.750% 		9.080(c) 08/19/30   269 269,623
Packaging & Containers 0.8%
Clydesdale Acquisition Holdings, Inc.,
Term B Loan, 1 Month SOFR + 3.775% 		9.105(c) 04/13/29   199 199,174
Mauser Packaging Solutions Holding Co.,
Initial Term Loan, 1 Month SOFR + 4.000% 		9.326(c) 08/14/26   195 195,077
ProAmpac PG Borrower LLC,
Term Loan B, 3 Month SOFR + 4.500% 		9.814(c) 09/15/28   195 194,513
Trident TPI Holdings, Inc.,
First Lien Tranche B-3 Initial Term Loan, 3 Month SOFR + 4.262% 		9.571(c) 09/15/28   199 198,992
          787,756
Pharmaceuticals 0.4%
Gainwell Acquisition Corp.,
Term B Loan, 3 Month SOFR + 4.100% 		9.409(c) 10/01/27   254 242,194
Sharp Midco LLC,
First Lien Initial Term Loan, 3 Month SOFR + 4.100% 		9.409(c) 12/29/28   194 193,646
          435,840
Pipelines 0.2%
Prairie ECI Acquiror LP,
Initial Term Loan B-2, 1 Month SOFR + 4.750% 		10.080(c) 08/01/29   199 198,524
16
PGIM Credit Income Fund
Schedule of Investments as of March 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Floating Rate and Other Loans (Continued)
Real Estate 0.2%
BRP Nimbus LLC,
Initial Term B Loan, 1 Month SOFR + 2.600% 		7.927 %(c) 08/27/25   248  $246,923
Real Estate Investment Trusts (REITs) 0.6%
Blackstone Mortgage Trust, Inc.,
Term B-4 Loan, 1 Month SOFR + 3.500% 		8.830(c) 05/09/29   363 353,165
Starwood Property Mortgage LLC,
Term Loan B-3, 1 Month SOFR + 3.350%^ 		8.680(c) 07/24/26   249 249,036
          602,201
Retail 0.8%
Great Outdoors Group LLC,
Term B-2 Loan, 1 Month SOFR + 3.864% 		9.195(c) 03/06/28   254 253,664
Kodiak BP LLC,
Term Loan 		3.750 03/12/28   175 175,109
LBM Acquisition LLC,
First Lien Initial Term Loan, 1 Month SOFR + 3.850% 		9.177(c) 12/17/27   264 262,984
Petco Health & Wellness Co., Inc.,
First Lien Initial Term Loan, 3 Month SOFR + 3.512% 		8.821(c) 03/03/28   100 92,344
          784,101
Shipbuilding 0.2%
LSF11 Trinity Bidco, Inc.,
2023-2 Rolled TLB, 1 Month SOFR + 4.000%^ 		9.329(c) 06/14/30   250 250,716
Software 3.7%
Applovin Corp.,
Term Loan 		—(p) 08/16/30   350 349,562
athenahealth, Inc.,
Initial Term Loan, 1 Month SOFR + 3.250% 		8.580(c) 02/15/29   279 275,332
Boxer Parent Co., Inc.,
2028 Extended Dollar Term Loan, 1 Month SOFR + 4.250% 		9.580(c) 12/29/28   698 701,814
Bracket Intermediate Holding Corp.,
2023 Refinancing Term Loan, 3 Month SOFR + 5.100% 		10.402(c) 05/08/28   249 249,369
Cotiviti, Inc.,
Term Loan, 1 Month SOFR + 3.500% 		7.500(c) 03/31/31   550 550,229
17
PGIM Credit Income Fund
Schedule of Investments as of March 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Floating Rate and Other Loans (Continued)
Software (cont’d.)
Dun & Bradstreet Corp.,
Incremental Term B-2, 1 Month SOFR + 2.750% 		8.082 %(c) 01/18/29   325  $324,848
Genesys Cloud Services,          
2024 Incremental Dollar Term Loan, 1 Month SOFR + 3.864% 9.192(c) 12/01/27   50 50,156
2024 Incremental No. 2 Dollar Term Loan, 1 Month SOFR + 3.500% 8.827(c) 12/01/27   299 299,920
     
 
Polaris Newco LLC,
First Lien Dollar Term Loan, 3 Month SOFR + 4.262% 		9.574(c) 06/02/28   249 246,193
Renaissance Holding Corp.,
Covenant-Lite First-Lien Term Loan, 1 Month SOFR + 4.250% 		9.577(c) 04/05/30   249 249,687
Waystar Technologies, Inc.,
Initial Term Loan, 1 Month SOFR + 4.000% 		9.330(c) 10/22/29   192 191,846
Webpros Investments Sarl (Luxembourg),
Term Loan^ 		—(p) 03/28/31   125 125,156
Weld North Education LLC,
2024 Term Loan, 1 Month SOFR + 3.614% 		8.945(c) 12/21/29   250 249,011
          3,863,123
Telecommunications 0.4%
Patagonia Holdco LLC,
Initial Term Loan, 3 Month SOFR + 5.750% 		11.064(c) 08/01/29   313 289,511
Viasat, Inc.,
Initial Term Loan, 1 Month SOFR + 4.614% 		9.943(c) 05/30/30   164 158,530
          448,041
Transportation 0.3%
Daseke Cos., Inc.,
Term Loan, PRIME + 3.000% 		11.500(c) 03/09/28   247 247,108
Kenan Advantage Group, Inc. (The),
Term Loan B-3, 1 Month SOFR + 3.750% 		9.080(c) 01/25/29   25 24,975
          272,083
     
 
Total Floating Rate and Other Loans
(cost $27,999,075) 		28,181,857
18
PGIM Credit Income Fund
Schedule of Investments as of March 31, 2024 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Residential Mortgage-Backed Security 1.9%
PMT Credit Risk Transfer Trust,
Series 2024-01R, Class A, 144A, 30 Day Average SOFR + 3.500% (Cap N/A, Floor 0.000%)^
(cost $2,000,000) 		8.820 %(c) 05/25/33   2,000  $2,001,800
Sovereign Bonds 2.3%
Angolan Government International Bond (Angola),
Sr. Unsec’d. Notes 		8.250 05/09/28   300 289,031
Egypt Government International Bond (Egypt),
Sr. Unsec’d. Notes, EMTN 		3.875 02/16/26   300 275,625
Gabon Government International Bond (Gabon),
Sr. Unsec’d. Notes 		6.950 06/16/25   600 587,625
Ivory Coast Government International Bond (Ivory Coast),
Sr. Unsec’d. Notes 		5.875 10/17/31 EUR 400 398,096
Pakistan Government International Bond (Pakistan),
Sr. Unsec’d. Notes 		8.250 04/15/24   500 497,800
Romanian Government International Bond (Romania),
Sr. Unsec’d. Notes, 144A 		6.375 01/30/34   140 142,056
Turkiye Government International Bond (Turkey),
Sr. Unsec’d. Notes 		7.625 05/15/34   200 200,750
     
 
Total Sovereign Bonds
(cost $2,307,749) 		2,390,983
 
Total Long-Term Investments
(cost $117,669,938) 		118,874,534
    
      Shares  
Short-Term Investment 1.4%
Affiliated Mutual Fund           
PGIM Core Government Money Market Fund (7-day effective yield 5.552%)
(cost $1,492,038)(wb) 		    1,492,038 1,492,038
 
TOTAL INVESTMENTS 115.5%
(cost $119,161,976) 		120,366,572
Liabilities in excess of other assets(z) (15.5)% (16,131,485)
 
Net Assets 100.0% $104,235,087
19
PGIM Credit Income Fund
Schedule of Investments as of March 31, 2024 (unaudited) (continued)
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
    
EUR Euro
GBP British Pound
USD US Dollar
    
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.
BNP BNP Paribas S.A.
BOA Bank of America, N.A.
CDX Credit Derivative Index
CLO Collateralized Loan Obligation
DAC Designated Activity Company
EMTN Euro Medium Term Note
EURIBOR Euro Interbank Offered Rate
IO Interest Only (Principal amount represents notional)
JPM JPMorgan Chase Bank N.A.
LIBOR London Interbank Offered Rate
LP Limited Partnership
MSI Morgan Stanley & Co International PLC
MTN Medium Term Note
OTC Over-the-counter
PIK Payment-in-Kind
Q Quarterly payment frequency for swaps
REITs Real Estate Investment Trust
SOFR Secured Overnight Financing Rate
TD The Toronto-Dominion Bank
    
# Principal or notional amount is shown in U.S. dollars unless otherwise stated.
^ Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $5,535,519 and 5.3% of net assets.
(c) Variable rate instrument. The interest rate shown reflects the rate in effect at March 31, 2024.
(cc) Variable rate instrument. The rate shown is based on the latest available information as of March 31, 2024. 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.
(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.
(oo) Perpetual security. Maturity date represents next call date.
(p) Represents a security with a delayed settlement and therefore the interest rate is not available until settlement which is after the period end.
(v) Represents security, or a portion thereof, segregated as collateral for reverse repurchase agreements.
(wb) Represents an investment in a Fund affiliated with the Manager.
(z) Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments:
Unfunded loan commitment outstanding at March 31, 2024:
Borrower   Principal
Amount
(000)# 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
Action Environmental Group, Inc. (The), Delayed Draw Term Loan, 4.500%, Maturity Date 10/24/30 (cost $35,439)^    35   $35,218   $—   $(222)
20
PGIM Credit Income Fund
Schedule of Investments as of March 31, 2024 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at March 31, 2024:
Purchase
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts:
British Pound,
Expiring 04/02/24   MSI   GBP 4,707    $5,932,258    $5,941,127    $8,869    $—
Euro,
Expiring 04/02/24   BOA   EUR 13,150   14,248,020   14,189,715   —   (58,305)
Expiring 04/02/24   BOA   EUR 146   158,048   157,634   —   (414)
Expiring 04/02/24   JPM   EUR 791   858,650   853,627   —   (5,023)
Expiring 04/02/24   JPM   EUR 300   326,134   324,107   —   (2,027)
Expiring 04/02/24   TD   EUR 113   122,959   121,620   —   (1,339)
              $21,646,069   $21,587,830   8,869   (67,108)
    
Sale
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts:
British Pound,
Expiring 04/02/24   BNP   GBP 4,618    $5,856,341    $5,829,147    $27,194    $—
Expiring 04/02/24   BOA   GBP 89   113,583   111,980   1,603   —
Expiring 05/02/24   MSI   GBP 4,707   5,933,221   5,942,077   —   (8,856)
Euro,
Expiring 04/02/24   BNP   EUR 909   987,507   980,327   7,180   —
Expiring 04/02/24   BNP   EUR 100   109,684   108,245   1,439   —
Expiring 04/02/24   BOA   EUR 12,864   13,981,434   13,881,350   100,084   —
Expiring 04/02/24   MSI   EUR 316   342,745   340,465   2,280   —
Expiring 04/02/24   MSI   EUR 196   213,926   211,422   2,504   —
Expiring 04/02/24   MSI   EUR 116   126,804   124,894   1,910   —
Expiring 05/02/24   BOA   EUR 13,150   14,265,238   14,206,312   58,926   —
              $41,930,483   $41,736,219   203,120   (8,856)
                      $211,989   $(75,964)
Credit default swap agreements outstanding at March 31, 2024:
Reference
Entity/
Obligation 		Termination
Date 		  Fixed
Rate 		  Notional
Amount
(000)#(3) 		  Implied Credit
Spread at
March 31,
2024(4) 		  Value at
Trade Date 		  Value at
March 31,
2024 		  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2):
CDX.NA.HY.41.V2 12/20/28   5.000%(Q)     1,317   3.116%    $69,989    $99,130    $29,141
CDX.NA.HY.42.V1 06/20/29   5.000%(Q)     5,930   3.289%   413,703   437,328   23,625
                      $483,692   $536,458   $52,766
21
PGIM Credit Income Fund
Schedule of Investments as of March 31, 2024 (unaudited) (continued)
Credit default swap agreements outstanding at March 31, 2024 (continued):
The Fund entered into credit default swaps (“CDS”) to provide a measure of protection against defaults or to take an active long or short position with respect to the likelihood of a particular issuer’s default or the reference entity’s credit soundness. CDS contracts generally trade based on a spread which represents the cost a protection buyer has to pay the protection seller. The protection buyer is said to be short the credit as the value of the contract rises the more the credit deteriorates. The value of the CDS contract increases for the protection buyer if the spread increases.
(1) If the Fund is a buyer of protection, it pays the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and make delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(2) If the Fund is a seller of protection, it receives the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(3) Notional amount represents the maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.
(4) Implied credit spreads, represented in absolute terms, utilized in determining the fair value of credit default swap agreements where the Fund is the seller of protection as of the reporting date serve as an indicator of the current status of the payment/ performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include up-front payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement.
    
Reverse repurchase agreements outstanding at March 31, 2024:
Broker   Interest
Rate 		  Trade
Date 		  Cost   Maturity
Date 		  Value at
March 31,
2024
BNP Paribas S.A.
  5.650%   02/12/24    $1,381,875   Open    $1,381,875
BNP Paribas S.A.
  5.650%   02/12/24   1,825,000   Open   1,825,000
BNP Paribas S.A.
  5.750%   02/23/24   907,031   Open   907,031
BNP Paribas S.A.
  5.750%   02/23/24   1,148,437   Open   1,148,437
BNP Paribas S.A.
  5.750%   03/04/24   897,313   Open   897,313
BNP Paribas S.A.
  5.750%   03/04/24   933,562   Open   933,562
BNP Paribas S.A.
  5.750%   03/04/24   561,438   Open   561,438
BNP Paribas S.A.
  5.750%   03/04/24   608,344   Open   608,344
BNP Paribas S.A.
  5.790%   02/12/24   743,750   Open   743,750
22
PGIM Credit Income Fund
Schedule of Investments as of March 31, 2024 (unaudited) (continued)
Reverse repurchase agreements outstanding at March 31, 2024 (continued):
Broker   Interest
Rate 		  Trade
Date 		  Cost   Maturity
Date 		  Value at
March 31,
2024
BNP Paribas S.A.
  5.790%   02/12/24    $1,012,781   Open    $1,012,781
BNP Paribas S.A.
  5.790%   03/19/24   1,685,250   Open   1,685,250
BNP Paribas S.A.
  5.790%   03/19/24   2,072,875   Open   2,072,875
BNP Paribas S.A.
  5.790%   03/19/24   480,563   Open   480,563
BNP Paribas S.A.
  5.790%   03/21/24   2,085,000   Open   2,085,000
            $16,343,219       $16,343,219
Open maturity dates - Certain agreements have no stated maturity and can be terminated by either party at any time.
The aggregate value of the Reverse Repurchase Agreements is $16,343,219. Corporate Bonds with a combined market value of $17,716,193 have been segregated as collateral to cover the requirement for the reverse repurchase agreements outstanding as of March 31, 2024.
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).
23