NPORT-EX 2 PI62320PRU113022.htm
PGIM Government Income Fund
Schedule of Investments  (unaudited)
as of November 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Long-Term Investments 98.7%
Asset-Backed Securities 6.1%
Collateralized Loan Obligations 
AGL Core CLO Ltd. (Cayman Islands),
Series 2019-02A, Class A1, 144A, 3 Month LIBOR + 1.390% (Cap N/A, Floor 1.390%) 		5.633 %(c) 04/20/32   2,000  $1,962,183
Anchorage Capital CLO Ltd. (Cayman Islands),
Series 2022-25A, Class A1, 144A, 3 Month SOFR + 1.390% (Cap N/A, Floor 1.390%) 		5.353(c) 04/20/35   2,250 2,185,355
Bain Capital Credit CLO Ltd. (Cayman Islands),
Series 2022-01A, Class A1, 144A, 3 Month SOFR + 1.320% (Cap N/A, Floor 1.320%) 		5.249(c) 04/18/35   1,500 1,439,701
Balboa Bay Loan Funding Ltd. (Cayman Islands),
Series 2021-01A, Class A, 144A, 3 Month LIBOR + 1.200% (Cap N/A, Floor 1.200%) 		5.443(c) 07/20/34   1,000 966,303
Battalion CLO Ltd.,          
Series 2018-12A, Class A2R, 144A, 3 Month LIBOR + 1.450% (Cap N/A, Floor 1.450%) 6.100(c) 05/17/31   4,500 4,385,368
Series 2020-15A, Class A1, 144A, 3 Month LIBOR + 1.350% (Cap N/A, Floor 1.350%) 5.429(c) 01/17/33   2,250 2,199,468
     
 
Elevation CLO Ltd. (Cayman Islands),
Series 2018-03A, Class A1R, 144A, 3 Month LIBOR + 1.210% (Cap N/A, Floor 1.210%) 		5.568(c) 01/25/35   1,000 970,413
ICG US CLO Ltd. (Cayman Islands),
Series 2015-02RA, Class A1, 144A, 3 Month LIBOR + 1.370% (Cap N/A, Floor 1.370%) 		5.449(c) 01/16/33   2,250 2,191,301
Madison Park Funding Ltd. (Cayman Islands),
Series 2021-59A, Class A, 144A, 3 Month LIBOR + 1.140% (Cap N/A, Floor 1.140%) 		5.334(c) 01/18/34   1,250 1,213,929
TCW CLO Ltd. (Cayman Islands),
Series 2019-02A, Class A1R, 144A, 3 Month SOFR + 1.280% (Cap N/A, Floor 1.280%) 		5.243(c) 10/20/32   2,250 2,195,848
Trimaran Cavu Ltd.,
Series 2019-01A, Class A1, 144A, 3 Month LIBOR + 1.460% (Cap N/A, Floor 1.460%) 		5.703(c) 07/20/32   4,000 3,906,437
Trinitas CLO Ltd. (Cayman Islands),
Series 2016-05A, Class ARR, 144A, 3 Month LIBOR + 1.030% (Cap N/A, Floor 1.030%) 		5.388(c) 10/25/28   539 535,370
1
PGIM Government Income Fund
Schedule of Investments  (unaudited) (continued)
as of November 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Asset-Backed Securities (Continued)
Collateralized Loan Obligations (cont’d.)
     
Venture CLO Ltd. (Cayman Islands),
Series 2021-43A, Class A1, 144A, 3 Month LIBOR + 1.240% (Cap N/A, Floor 1.240%) 		5.319 %(c) 04/15/34   5,500  $5,306,232
     
 
Total Asset-Backed Securities
(cost $30,111,933) 		29,457,908
Commercial Mortgage-Backed Securities 6.1%
Barclays Commercial Mortgage Trust,
Series 2019-C04, Class A4 		2.661 08/15/52   6,000 5,228,275
Fannie Mae-Aces,          
Series 2021-M1G, Class A2 1.516(cc) 11/25/30   2,500 2,002,804
Series 2022-M03, Class A2 1.764(cc) 11/25/31   8,500 6,823,777
Series 2022-M13, Class A2 2.680 06/25/32   5,000 4,292,204
FHLMC Multifamily Structured Pass-Through
Certificates, 		         
Series K0151, Class A3 3.511 04/25/30   900 854,921
Series K0152, Class A2 3.080 01/25/31   375 337,532
Series K1513, Class A3 2.797 08/25/34   6,500 5,467,434
Series K1514, Class A2 2.859 10/25/34   5,217 4,451,094
     
 
JPMBB Commercial Mortgage Securities Trust,
Series 2016-C01, Class A3 		3.515 03/17/49   159 157,263
     
 
Total Commercial Mortgage-Backed Securities
(cost $34,417,499) 		29,615,304
Corporate Bonds 0.6%
Diversified Financial Services 
Private Export Funding Corp.,          
U.S. Gov’t. Gtd. Notes, Series KK 3.550 01/15/24   2,085 2,056,915
U.S. Gov’t. Gtd. Notes, Series PP 1.400 07/15/28   1,005 863,169
     
 
Total Corporate Bonds
(cost $3,110,933) 		2,920,084
Residential Mortgage-Backed Securities 0.0%
Merrill Lynch Mortgage Investors Trust,
Series 2003-E, Class A1, 1 Month LIBOR + 0.620% (Cap 11.750%, Floor 0.620%) 		4.664(c) 10/25/28   18 16,909
2
PGIM Government Income Fund
Schedule of Investments  (unaudited) (continued)
as of November 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Residential Mortgage-Backed Securities (Continued)
Structured Adjustable Rate Mortgage Loan Trust,
Series 2004-01, Class 4A3 		3.657 %(cc) 02/25/34   87  $81,420
     
 
Total Residential Mortgage-Backed Securities
(cost $106,096) 		98,329
U.S. Government Agency Obligations 46.0%
Federal Farm Credit Bank 5.480 06/27/42   1,000 968,759
Federal Home Loan Bank(k) 3.250 11/16/28   435 420,521
Federal Home Loan Bank 4.250 09/10/32   370 365,355
Federal Home Loan Mortgage Corp. 1.500 11/01/50   863 674,527
Federal Home Loan Mortgage Corp. 2.000 01/01/32   196 180,350
Federal Home Loan Mortgage Corp. 2.000 05/01/51   949 784,379
Federal Home Loan Mortgage Corp. 2.500 05/01/28   498 474,745
Federal Home Loan Mortgage Corp. 2.500 05/01/28   612 583,741
Federal Home Loan Mortgage Corp. 2.500 03/01/30   410 388,834
Federal Home Loan Mortgage Corp. 2.500 09/01/31   256 242,004
Federal Home Loan Mortgage Corp. 2.500 10/01/32   332 313,487
Federal Home Loan Mortgage Corp. 2.500 11/01/46   1,031 899,289
Federal Home Loan Mortgage Corp. 2.500 04/01/51   5,469 4,700,691
Federal Home Loan Mortgage Corp. 2.500 08/01/51   4,564 3,919,431
Federal Home Loan Mortgage Corp. 2.500 09/01/51   482 413,998
Federal Home Loan Mortgage Corp. 3.000 10/01/28   69 66,098
Federal Home Loan Mortgage Corp. 3.000 06/01/29   230 222,831
Federal Home Loan Mortgage Corp. 3.000 12/01/30   303 292,063
Federal Home Loan Mortgage Corp. 3.000 01/01/37   474 450,002
Federal Home Loan Mortgage Corp. 3.000 04/01/43   758 695,942
Federal Home Loan Mortgage Corp. 3.000 07/01/43   808 742,339
Federal Home Loan Mortgage Corp. 3.000 10/01/46   329 297,261
Federal Home Loan Mortgage Corp. 3.000 11/01/46   283 255,141
Federal Home Loan Mortgage Corp. 3.000 12/01/46   264 238,445
Federal Home Loan Mortgage Corp. 3.000 01/01/47   913 823,852
Federal Home Loan Mortgage Corp. 3.000 03/01/47   207 187,147
Federal Home Loan Mortgage Corp. 3.000 06/01/50   739 659,066
Federal Home Loan Mortgage Corp. 3.500 11/01/37   208 200,652
Federal Home Loan Mortgage Corp. 3.500 06/01/42   533 503,696
Federal Home Loan Mortgage Corp. 3.500 06/01/43   369 347,863
Federal Home Loan Mortgage Corp. 3.500 07/01/43   1,136 1,070,263
Federal Home Loan Mortgage Corp. 3.500 07/01/47   1,289 1,210,660
Federal Home Loan Mortgage Corp. 3.500 08/01/47   970 906,130
Federal Home Loan Mortgage Corp. 3.500 10/01/47   89 83,305
Federal Home Loan Mortgage Corp. 3.500 05/01/52   1,500 1,374,874
3
PGIM Government Income Fund
Schedule of Investments  (unaudited) (continued)
as of November 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
U.S. Government Agency Obligations(Continued)
Federal Home Loan Mortgage Corp. 3.500 % 08/01/52   500  $458,163
Federal Home Loan Mortgage Corp. 4.000 06/01/26   24 24,043
Federal Home Loan Mortgage Corp. 4.000 09/01/26   75 75,220
Federal Home Loan Mortgage Corp. 4.000 11/01/37   3,339 3,264,447
Federal Home Loan Mortgage Corp. 4.000 11/01/39   447 436,000
Federal Home Loan Mortgage Corp. 4.000 09/01/40   247 241,158
Federal Home Loan Mortgage Corp. 4.000 12/01/40   157 152,712
Federal Home Loan Mortgage Corp. 4.000 12/01/40   204 199,134
Federal Home Loan Mortgage Corp. 4.000 04/01/42   343 334,973
Federal Home Loan Mortgage Corp. 4.000 04/01/42   498 487,097
Federal Home Loan Mortgage Corp. 4.000 05/01/46   479 466,988
Federal Home Loan Mortgage Corp. 4.000 08/01/46   133 129,522
Federal Home Loan Mortgage Corp. 4.000 12/01/46   121 117,733
Federal Home Loan Mortgage Corp. 4.000 07/01/47   253 244,723
Federal Home Loan Mortgage Corp. 4.000 08/01/47   87 83,719
Federal Home Loan Mortgage Corp. 4.000 08/01/47   267 257,879
Federal Home Loan Mortgage Corp. 4.000 06/01/48   61 58,318
Federal Home Loan Mortgage Corp. 4.000 11/01/48   117 112,915
Federal Home Loan Mortgage Corp. 4.500 09/01/39   597 598,834
Federal Home Loan Mortgage Corp. 4.500 07/01/47   91 89,635
Federal Home Loan Mortgage Corp. 4.500 07/01/47   98 96,934
Federal Home Loan Mortgage Corp. 4.500 08/01/47   303 301,061
Federal Home Loan Mortgage Corp. 5.000 06/01/33   354 365,738
Federal Home Loan Mortgage Corp. 5.000 03/01/34   21 21,203
Federal Home Loan Mortgage Corp. 5.000 05/01/34   35 36,547
Federal Home Loan Mortgage Corp. 5.000 05/01/34   255 261,609
Federal Home Loan Mortgage Corp. 5.000 02/01/48   127 129,037
Federal Home Loan Mortgage Corp. 5.000 09/01/52   4,002 3,985,627
Federal Home Loan Mortgage Corp. 5.500 05/01/37   49 51,326
Federal Home Loan Mortgage Corp. 5.500 01/01/38   40 42,103
Federal Home Loan Mortgage Corp. 6.000 12/01/33   20 20,264
Federal Home Loan Mortgage Corp. 6.000 09/01/34   82 83,750
Federal Home Loan Mortgage Corp. 6.250 07/15/32   460 538,444
Federal Home Loan Mortgage Corp. 6.500 09/01/32   28 28,395
Federal Home Loan Mortgage Corp. 6.500 09/01/32   57 58,502
Federal Home Loan Mortgage Corp. 6.750 03/15/31   370 439,018
Federal Home Loan Mortgage Corp. 7.000 09/01/32   24 24,269
Federal Home Loan Mortgage Corp., MTN 1.899(s) 11/15/38   2,500 1,205,283
Federal National Mortgage Assoc. 0.875 08/05/30   845 672,693
Federal National Mortgage Assoc. 1.500 10/01/50   400 312,702
Federal National Mortgage Assoc. 1.500 11/01/50   2,940 2,298,752
Federal National Mortgage Assoc. 1.500 12/01/50   2,174 1,699,802
4
PGIM Government Income Fund
Schedule of Investments  (unaudited) (continued)
as of November 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
U.S. Government Agency Obligations(Continued)
Federal National Mortgage Assoc. 2.000 % 08/01/31   246  $226,688
Federal National Mortgage Assoc. 2.000 05/01/36   2,392 2,158,636
Federal National Mortgage Assoc. 2.000 06/01/40   661 568,559
Federal National Mortgage Assoc. 2.000 02/01/41   5,585 4,813,492
Federal National Mortgage Assoc. 2.000 05/01/41   2,139 1,843,946
Federal National Mortgage Assoc. 2.000 09/01/50   4,720 3,910,656
Federal National Mortgage Assoc.(k) 2.000 10/01/50   12,538 10,407,241
Federal National Mortgage Assoc. 2.000 11/01/50   931 770,647
Federal National Mortgage Assoc. 2.000 01/01/51   1,239 1,024,989
Federal National Mortgage Assoc. 2.000 01/01/51   1,767 1,462,440
Federal National Mortgage Assoc. 2.000 02/01/51   440 363,357
Federal National Mortgage Assoc. 2.000 05/01/51   2,357 1,948,231
Federal National Mortgage Assoc. 2.000 08/01/51   6,956 5,745,075
Federal National Mortgage Assoc. 2.000 10/01/51   1,786 1,475,039
Federal National Mortgage Assoc. 2.500 06/01/28   225 214,653
Federal National Mortgage Assoc. 2.500 08/01/28   248 235,723
Federal National Mortgage Assoc. 2.500 08/01/29   50 47,779
Federal National Mortgage Assoc. 2.500 11/01/31   180 169,652
Federal National Mortgage Assoc. 2.500 05/01/41   852 756,769
Federal National Mortgage Assoc. 2.500 06/01/41   1,331 1,166,288
Federal National Mortgage Assoc. 2.500 02/01/43   148 128,584
Federal National Mortgage Assoc. 2.500 12/01/46   671 584,222
Federal National Mortgage Assoc. 2.500 01/01/50   1,471 1,271,806
Federal National Mortgage Assoc. 2.500 03/01/50   213 184,077
Federal National Mortgage Assoc. 2.500 05/01/50   1,150 994,493
Federal National Mortgage Assoc. 2.500 06/01/50   562 483,970
Federal National Mortgage Assoc. 2.500 08/01/50   4,673 4,023,544
Federal National Mortgage Assoc. 2.500 09/01/50   4,903 4,220,211
Federal National Mortgage Assoc. 2.500 10/01/50   4,130 3,557,589
Federal National Mortgage Assoc. 2.500 04/01/51   5,531 4,754,043
Federal National Mortgage Assoc. 2.500 05/01/51   2,955 2,538,985
Federal National Mortgage Assoc. 2.500 07/01/51   537 461,224
Federal National Mortgage Assoc. 2.500 09/01/51   754 647,282
Federal National Mortgage Assoc. 2.500 10/01/51   956 820,074
Federal National Mortgage Assoc. 2.500 11/01/51   1,942 1,667,811
Federal National Mortgage Assoc. 2.500 04/01/52   246 210,896
Federal National Mortgage Assoc. 2.500 04/01/52   947 810,506
Federal National Mortgage Assoc. 2.500 05/01/52   963 829,304
Federal National Mortgage Assoc. 3.000 TBA   6,500 5,752,174
Federal National Mortgage Assoc. 3.000 01/01/27   171 165,469
Federal National Mortgage Assoc. 3.000 08/01/28   404 388,618
Federal National Mortgage Assoc. 3.000 02/01/31   333 319,167
5
PGIM Government Income Fund
Schedule of Investments  (unaudited) (continued)
as of November 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
U.S. Government Agency Obligations(Continued)
Federal National Mortgage Assoc. 3.000 % 11/01/36   175  $165,360
Federal National Mortgage Assoc. 3.000 12/01/42   820 752,755
Federal National Mortgage Assoc. 3.000 02/01/43   384 352,619
Federal National Mortgage Assoc. 3.000 03/01/43   307 281,417
Federal National Mortgage Assoc. 3.000 04/01/43   358 328,163
Federal National Mortgage Assoc. 3.000 06/01/43   155 142,383
Federal National Mortgage Assoc. 3.000 06/01/43   307 282,020
Federal National Mortgage Assoc. 3.000 07/01/43   1,058 970,895
Federal National Mortgage Assoc. 3.000 09/01/46   822 741,791
Federal National Mortgage Assoc. 3.000 11/01/46   986 890,142
Federal National Mortgage Assoc. 3.000 11/01/46   1,064 959,310
Federal National Mortgage Assoc. 3.000 01/01/47   130 117,946
Federal National Mortgage Assoc. 3.000 04/01/47   2,161 1,945,547
Federal National Mortgage Assoc. 3.000 12/01/49   284 253,711
Federal National Mortgage Assoc. 3.000 12/01/49   640 570,476
Federal National Mortgage Assoc. 3.000 01/01/50   43 38,801
Federal National Mortgage Assoc. 3.000 06/01/50   269 239,818
Federal National Mortgage Assoc. 3.000 06/01/50   726 646,677
Federal National Mortgage Assoc. 3.000 03/01/52   2,872 2,543,771
Federal National Mortgage Assoc. 3.000 04/01/52   483 428,471
Federal National Mortgage Assoc. 3.000 04/01/52   979 874,973
Federal National Mortgage Assoc. 3.000 04/01/52   3,372 2,988,751
Federal National Mortgage Assoc. 3.000 05/01/52   3,848 3,442,877
Federal National Mortgage Assoc. 3.500 TBA   2,500 2,289,258
Federal National Mortgage Assoc. 3.500 12/01/30   35 34,447
Federal National Mortgage Assoc. 3.500 11/01/32   1,094 1,062,422
Federal National Mortgage Assoc. 3.500 02/01/33   61 59,548
Federal National Mortgage Assoc. 3.500 05/01/33   101 97,604
Federal National Mortgage Assoc. 3.500 10/01/41   767 723,767
Federal National Mortgage Assoc. 3.500 12/01/41   232 218,915
Federal National Mortgage Assoc. 3.500 03/01/42   284 268,205
Federal National Mortgage Assoc. 3.500 05/01/42   1,025 966,591
Federal National Mortgage Assoc. 3.500 07/01/42   363 342,649
Federal National Mortgage Assoc. 3.500 12/01/42   789 743,800
Federal National Mortgage Assoc. 3.500 03/01/43   254 238,727
Federal National Mortgage Assoc. 3.500 06/01/45   1,706 1,599,321
Federal National Mortgage Assoc. 3.500 01/01/46   445 414,211
Federal National Mortgage Assoc. 3.500 12/01/46   809 756,774
Federal National Mortgage Assoc. 3.500 03/01/48   1,563 1,457,356
Federal National Mortgage Assoc. 3.500 04/01/48   1,321 1,233,718
Federal National Mortgage Assoc. 3.500 11/01/48   883 824,454
Federal National Mortgage Assoc. 4.000 TBA   500 472,793
6
PGIM Government Income Fund
Schedule of Investments  (unaudited) (continued)
as of November 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
U.S. Government Agency Obligations(Continued)
Federal National Mortgage Assoc. 4.000 % 07/01/37   2,079  $2,033,950
Federal National Mortgage Assoc. 4.000 09/01/40   449 437,685
Federal National Mortgage Assoc. 4.000 01/01/41   511 497,910
Federal National Mortgage Assoc. 4.000 09/01/44   340 332,249
Federal National Mortgage Assoc. 4.000 06/01/47   1,266 1,225,346
Federal National Mortgage Assoc. 4.000 06/01/47   1,317 1,274,501
Federal National Mortgage Assoc. 4.000 08/01/47   272 263,416
Federal National Mortgage Assoc. 4.000 09/01/47   1,580 1,530,143
Federal National Mortgage Assoc. 4.000 10/01/47   81 78,548
Federal National Mortgage Assoc. 4.000 10/01/47   790 762,512
Federal National Mortgage Assoc. 4.000 11/01/47   913 882,596
Federal National Mortgage Assoc. 4.000 12/01/47   187 180,376
Federal National Mortgage Assoc. 4.000 06/01/48   89 85,798
Federal National Mortgage Assoc. 4.500 04/01/41   366 367,023
Federal National Mortgage Assoc. 4.500 05/01/41   338 338,521
Federal National Mortgage Assoc. 4.500 01/01/45   116 116,700
Federal National Mortgage Assoc. 4.500 12/01/47   808 795,715
Federal National Mortgage Assoc. 4.500 06/01/48   168 166,639
Federal National Mortgage Assoc. 4.500 10/01/48   658 651,515
Federal National Mortgage Assoc. 4.500 06/01/52   1,102 1,072,818
Federal National Mortgage Assoc. 4.500 09/01/52   993 967,294
Federal National Mortgage Assoc. 5.000 TBA   1,000 995,000
Federal National Mortgage Assoc. 5.000 12/01/31   53 52,661
Federal National Mortgage Assoc. 5.000 03/01/34   170 175,181
Federal National Mortgage Assoc. 5.000 07/01/35   64 66,249
Federal National Mortgage Assoc. 5.000 09/01/35   44 45,152
Federal National Mortgage Assoc. 5.000 11/01/35   56 57,274
Federal National Mortgage Assoc. 5.000 05/01/36   25 25,417
Federal National Mortgage Assoc. 5.000 07/01/52   975 971,325
Federal National Mortgage Assoc. 5.500 TBA   7,500 7,585,141
Federal National Mortgage Assoc. 5.500 02/01/34   165 172,772
Federal National Mortgage Assoc. 5.500 09/01/34   303 316,564
Federal National Mortgage Assoc. 5.500 02/01/35   205 209,596
Federal National Mortgage Assoc. 5.500 06/01/35   51 52,007
Federal National Mortgage Assoc. 5.500 06/01/35   88 88,887
Federal National Mortgage Assoc. 5.500 09/01/35   81 81,900
Federal National Mortgage Assoc. 5.500 09/01/35   161 163,334
Federal National Mortgage Assoc. 5.500 10/01/35   166 169,573
Federal National Mortgage Assoc. 5.500 11/01/35   104 105,798
Federal National Mortgage Assoc. 5.500 11/01/35   140 142,189
Federal National Mortgage Assoc. 5.500 11/01/36   4 4,432
Federal National Mortgage Assoc. 6.000 09/01/33   —(r) 442
7
PGIM Government Income Fund
Schedule of Investments  (unaudited) (continued)
as of November 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
U.S. Government Agency Obligations(Continued)
Federal National Mortgage Assoc. 6.000 % 11/01/33   —(r)  $377
Federal National Mortgage Assoc. 6.000 02/01/34   —(r) 227
Federal National Mortgage Assoc. 6.000 06/01/34   —(r) 105
Federal National Mortgage Assoc. 6.000 09/01/34   —(r) 168
Federal National Mortgage Assoc. 6.000 09/01/34   12 12,255
Federal National Mortgage Assoc. 6.000 09/01/34   15 15,716
Federal National Mortgage Assoc. 6.000 11/01/34   3 3,468
Federal National Mortgage Assoc. 6.000 11/01/34   24 25,122
Federal National Mortgage Assoc. 6.000 02/01/35   —(r) 113
Federal National Mortgage Assoc. 6.000 03/01/35   5 5,510
Federal National Mortgage Assoc. 6.000 04/01/35   —(r) 387
Federal National Mortgage Assoc. 6.000 12/01/35   56 57,041
Federal National Mortgage Assoc. 6.000 01/01/36   147 150,281
Federal National Mortgage Assoc. 6.000 05/01/36   40 41,145
Federal National Mortgage Assoc. 6.000 05/01/36   254 264,842
Federal National Mortgage Assoc. 6.500 07/01/32   297 305,721
Federal National Mortgage Assoc. 6.500 08/01/32   143 146,934
Federal National Mortgage Assoc. 6.500 09/01/32   45 46,652
Federal National Mortgage Assoc. 6.500 10/01/32   54 55,987
Federal National Mortgage Assoc. 6.500 10/01/32   298 308,416
Federal National Mortgage Assoc. 6.500 10/01/37   196 205,051
Federal National Mortgage Assoc.(k) 6.625 11/15/30   685 806,117
Federal National Mortgage Assoc. 7.000 05/01/24   2 1,876
Federal National Mortgage Assoc. 7.000 05/01/24   3 2,915
Federal National Mortgage Assoc. 7.000 05/01/24   13 12,891
Federal National Mortgage Assoc. 7.000 12/01/31   91 91,752
Federal National Mortgage Assoc. 7.000 09/01/33   56 55,986
Federal National Mortgage Assoc. 7.000 11/01/33   58 58,251
Federal National Mortgage Assoc. 9.000 04/01/25   1 646
Federal National Mortgage Assoc. 9.500 01/01/25   —(r) 250
Federal National Mortgage Assoc. 9.500 01/01/25   3 2,831
Federal National Mortgage Assoc. 9.500 02/01/25   —(r) 460
Government National Mortgage Assoc. 2.000 09/20/51   1,446 1,234,931
Government National Mortgage Assoc. 2.500 12/20/46   181 162,311
Government National Mortgage Assoc. 3.000 TBA   3,000 2,709,225
Government National Mortgage Assoc. 3.000 03/15/45   553 500,808
Government National Mortgage Assoc. 3.000 07/20/45   1,351 1,249,387
Government National Mortgage Assoc. 3.000 07/20/46   653 600,466
Government National Mortgage Assoc. 3.000 08/20/46   1,219 1,118,254
Government National Mortgage Assoc. 3.000 10/20/46   98 90,223
Government National Mortgage Assoc. 3.000 02/20/47   1,836 1,676,492
Government National Mortgage Assoc. 3.000 05/20/47   347 317,066
8
PGIM Government Income Fund
Schedule of Investments  (unaudited) (continued)
as of November 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
U.S. Government Agency Obligations(Continued)
Government National Mortgage Assoc. 3.000 % 12/20/47   124  $113,083
Government National Mortgage Assoc. 3.000 04/20/49   507 463,411
Government National Mortgage Assoc. 3.500 04/20/42   141 133,867
Government National Mortgage Assoc. 3.500 01/20/43   870 828,584
Government National Mortgage Assoc. 3.500 04/20/43   387 368,722
Government National Mortgage Assoc. 3.500 03/20/45   511 483,318
Government National Mortgage Assoc. 3.500 04/20/45   273 259,047
Government National Mortgage Assoc. 3.500 07/20/46   993 937,994
Government National Mortgage Assoc. 3.500 03/20/47   94 88,356
Government National Mortgage Assoc. 3.500 07/20/47   572 537,344
Government National Mortgage Assoc. 3.500 02/20/48   1,248 1,176,391
Government National Mortgage Assoc. 3.500 11/20/48   327 307,461
Government National Mortgage Assoc. 3.500 01/20/49   287 269,832
Government National Mortgage Assoc. 3.500 02/20/49   1,730 1,632,899
Government National Mortgage Assoc. 3.500 05/20/49   464 435,378
Government National Mortgage Assoc. 3.500 06/20/49   1,073 1,001,736
Government National Mortgage Assoc. 4.000 02/20/41   187 181,976
Government National Mortgage Assoc. 4.000 06/20/44   364 353,304
Government National Mortgage Assoc. 4.000 08/20/44   112 108,966
Government National Mortgage Assoc. 4.000 11/20/45   214 207,783
Government National Mortgage Assoc. 4.000 11/20/46   196 190,252
Government National Mortgage Assoc. 4.000 02/20/47   172 166,736
Government National Mortgage Assoc. 4.000 10/20/47   182 176,391
Government National Mortgage Assoc. 4.000 12/20/47   131 127,110
Government National Mortgage Assoc. 4.000 07/20/48   387 374,566
Government National Mortgage Assoc. 4.000 02/20/49   461 444,752
Government National Mortgage Assoc. 4.000 03/20/49   754 726,963
Government National Mortgage Assoc. 4.500 TBA   500 489,707
Government National Mortgage Assoc. 4.500 02/20/40   113 114,460
Government National Mortgage Assoc. 4.500 01/20/41   70 71,401
Government National Mortgage Assoc. 4.500 02/20/41   330 329,160
Government National Mortgage Assoc. 4.500 03/20/41   168 169,967
Government National Mortgage Assoc. 4.500 06/20/44   244 249,076
Government National Mortgage Assoc. 4.500 02/20/46   21 21,118
Government National Mortgage Assoc. 4.500 03/20/46   106 107,795
Government National Mortgage Assoc. 4.500 03/20/47   495 495,256
Government National Mortgage Assoc. 4.500 08/20/47   86 85,725
Government National Mortgage Assoc. 4.500 01/20/48   68 67,549
Government National Mortgage Assoc. 4.500 02/20/48   412 409,188
Government National Mortgage Assoc. 4.500 05/20/52   2,104 2,061,704
Government National Mortgage Assoc. 5.000 07/15/33   223 229,576
Government National Mortgage Assoc. 5.000 09/15/33   348 359,419
9
PGIM Government Income Fund
Schedule of Investments  (unaudited) (continued)
as of November 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
U.S. Government Agency Obligations(Continued)
Government National Mortgage Assoc. 5.000 % 04/15/34   14  $14,104
Government National Mortgage Assoc. 5.000 08/20/52   2,499 2,498,703
Government National Mortgage Assoc. 5.500 02/15/34   159 162,467
Government National Mortgage Assoc. 5.500 02/15/36   84 88,323
Government National Mortgage Assoc. 7.000 03/15/23   —(r) 32
Government National Mortgage Assoc. 7.000 04/15/23   —(r) 39
Government National Mortgage Assoc. 7.000 04/15/23   —(r) 226
Government National Mortgage Assoc. 7.000 05/15/23   —(r) 9
Government National Mortgage Assoc. 7.000 05/15/23   —(r) 32
Government National Mortgage Assoc. 7.000 05/15/23   —(r) 39
Government National Mortgage Assoc. 7.000 05/15/23   —(r) 64
Government National Mortgage Assoc. 7.000 05/15/23   —(r) 91
Government National Mortgage Assoc. 7.000 05/15/23   1 726
Government National Mortgage Assoc. 7.000 06/15/23   —(r) 9
Government National Mortgage Assoc. 7.000 06/15/23   —(r) 113
Government National Mortgage Assoc. 7.000 06/15/23   —(r) 146
Government National Mortgage Assoc. 7.000 06/15/23   —(r) 160
Government National Mortgage Assoc. 7.000 06/15/23   —(r) 415
Government National Mortgage Assoc. 7.000 07/15/23   —(r) 7
Government National Mortgage Assoc. 7.000 07/15/23   —(r) 8
Government National Mortgage Assoc. 7.000 07/15/23   —(r) 30
Government National Mortgage Assoc. 7.000 07/15/23   —(r) 33
Government National Mortgage Assoc. 7.000 07/15/23   —(r) 48
Government National Mortgage Assoc. 7.000 07/15/23   —(r) 65
Government National Mortgage Assoc. 7.000 07/15/23   —(r) 76
Government National Mortgage Assoc. 7.000 07/15/23   —(r) 79
Government National Mortgage Assoc. 7.000 07/15/23   —(r) 253
Government National Mortgage Assoc. 7.000 07/15/23   2 2,429
Government National Mortgage Assoc. 7.000 08/15/23   —(r) 16
Government National Mortgage Assoc. 7.000 08/15/23   —(r) 21
Government National Mortgage Assoc. 7.000 08/15/23   —(r) 79
Government National Mortgage Assoc. 7.000 08/15/23   —(r) 125
Government National Mortgage Assoc. 7.000 08/15/23   —(r) 197
Government National Mortgage Assoc. 7.000 08/15/23   —(r) 200
Government National Mortgage Assoc. 7.000 08/15/23   —(r) 204
Government National Mortgage Assoc. 7.000 08/15/23   —(r) 276
Government National Mortgage Assoc. 7.000 08/15/23   —(r) 313
Government National Mortgage Assoc. 7.000 08/15/23   —(r) 367
Government National Mortgage Assoc. 7.000 08/15/23   1 895
Government National Mortgage Assoc. 7.000 09/15/23   —(r) 26
Government National Mortgage Assoc. 7.000 09/15/23   —(r) 70
Government National Mortgage Assoc. 7.000 09/15/23   —(r) 112
10
PGIM Government Income Fund
Schedule of Investments  (unaudited) (continued)
as of November 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
U.S. Government Agency Obligations(Continued)
Government National Mortgage Assoc. 7.000 % 09/15/23   —(r)  $147
Government National Mortgage Assoc. 7.000 09/15/23   1 634
Government National Mortgage Assoc. 7.000 09/15/23   1 1,489
Government National Mortgage Assoc. 7.000 10/15/23   —(r) 18
Government National Mortgage Assoc. 7.000 10/15/23   —(r) 23
Government National Mortgage Assoc. 7.000 10/15/23   —(r) 36
Government National Mortgage Assoc. 7.000 10/15/23   —(r) 49
Government National Mortgage Assoc. 7.000 10/15/23   —(r) 84
Government National Mortgage Assoc. 7.000 10/15/23   —(r) 88
Government National Mortgage Assoc. 7.000 10/15/23   —(r) 105
Government National Mortgage Assoc. 7.000 10/15/23   —(r) 105
Government National Mortgage Assoc. 7.000 10/15/23   —(r) 135
Government National Mortgage Assoc. 7.000 10/15/23   —(r) 139
Government National Mortgage Assoc. 7.000 10/15/23   —(r) 172
Government National Mortgage Assoc. 7.000 10/15/23   —(r) 187
Government National Mortgage Assoc. 7.000 10/15/23   —(r) 226
Government National Mortgage Assoc. 7.000 10/15/23   —(r) 247
Government National Mortgage Assoc. 7.000 10/15/23   —(r) 262
Government National Mortgage Assoc. 7.000 10/15/23   —(r) 269
Government National Mortgage Assoc. 7.000 10/15/23   —(r) 466
Government National Mortgage Assoc. 7.000 10/15/23   3 2,574
Government National Mortgage Assoc. 7.000 10/15/23   3 2,705
Government National Mortgage Assoc. 7.000 11/15/23   —(r) 17
Government National Mortgage Assoc. 7.000 11/15/23   —(r) 60
Government National Mortgage Assoc. 7.000 11/15/23   —(r) 61
Government National Mortgage Assoc. 7.000 11/15/23   —(r) 93
Government National Mortgage Assoc. 7.000 11/15/23   —(r) 96
Government National Mortgage Assoc. 7.000 11/15/23   —(r) 109
Government National Mortgage Assoc. 7.000 11/15/23   —(r) 215
Government National Mortgage Assoc. 7.000 11/15/23   —(r) 294
Government National Mortgage Assoc. 7.000 11/15/23   —(r) 320
Government National Mortgage Assoc. 7.000 11/15/23   1 537
Government National Mortgage Assoc. 7.000 11/15/23   1 559
Government National Mortgage Assoc. 7.000 11/15/23   1 584
Government National Mortgage Assoc. 7.000 11/15/23   1 709
Government National Mortgage Assoc. 7.000 11/15/23   1 1,105
Government National Mortgage Assoc. 7.000 11/15/23   1 1,311
Government National Mortgage Assoc. 7.000 12/15/23   —(r) 26
Government National Mortgage Assoc. 7.000 12/15/23   —(r) 96
Government National Mortgage Assoc. 7.000 12/15/23   —(r) 106
Government National Mortgage Assoc. 7.000 12/15/23   —(r) 108
Government National Mortgage Assoc. 7.000 12/15/23   —(r) 179
11
PGIM Government Income Fund
Schedule of Investments  (unaudited) (continued)
as of November 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
U.S. Government Agency Obligations(Continued)
Government National Mortgage Assoc. 7.000 % 12/15/23   —(r)  $189
Government National Mortgage Assoc. 7.000 12/15/23   —(r) 233
Government National Mortgage Assoc. 7.000 12/15/23   —(r) 252
Government National Mortgage Assoc. 7.000 12/15/23   —(r) 301
Government National Mortgage Assoc. 7.000 12/15/23   —(r) 342
Government National Mortgage Assoc. 7.000 12/15/23   —(r) 403
Government National Mortgage Assoc. 7.000 12/15/23   —(r) 410
Government National Mortgage Assoc. 7.000 12/15/23   —(r) 493
Government National Mortgage Assoc. 7.000 12/15/23   1 523
Government National Mortgage Assoc. 7.000 12/15/23   1 913
Government National Mortgage Assoc. 7.000 12/15/23   1 1,435
Government National Mortgage Assoc. 7.000 12/15/23   2 1,748
Government National Mortgage Assoc. 7.000 12/15/23   2 1,957
Government National Mortgage Assoc. 7.000 01/15/24   —(r) 65
Government National Mortgage Assoc. 7.000 01/15/24   —(r) 77
Government National Mortgage Assoc. 7.000 01/15/24   —(r) 267
Government National Mortgage Assoc. 7.000 01/15/24   1 672
Government National Mortgage Assoc. 7.000 01/15/24   1 986
Government National Mortgage Assoc. 7.000 02/15/24   —(r) 105
Government National Mortgage Assoc. 7.000 02/15/24   —(r) 241
Government National Mortgage Assoc. 7.000 02/15/24   —(r) 444
Government National Mortgage Assoc. 7.000 02/15/24   1 1,469
Government National Mortgage Assoc. 7.000 03/15/24   —(r) 31
Government National Mortgage Assoc. 7.000 03/15/24   —(r) 138
Government National Mortgage Assoc. 7.000 03/15/24   1 512
Government National Mortgage Assoc. 7.000 04/15/24   —(r) 3
Government National Mortgage Assoc. 7.000 04/15/24   —(r) 126
Government National Mortgage Assoc. 7.000 04/15/24   —(r) 196
Government National Mortgage Assoc. 7.000 04/15/24   —(r) 237
Government National Mortgage Assoc. 7.000 04/15/24   —(r) 383
Government National Mortgage Assoc. 7.000 04/15/24   —(r) 485
Government National Mortgage Assoc. 7.000 04/15/24   2 1,575
Government National Mortgage Assoc. 7.000 04/15/24   2 2,044
Government National Mortgage Assoc. 7.000 05/15/24   —(r) 36
Government National Mortgage Assoc. 7.000 05/15/24   —(r) 111
Government National Mortgage Assoc. 7.000 05/15/24   —(r) 227
Government National Mortgage Assoc. 7.000 05/15/24   —(r) 229
Government National Mortgage Assoc. 7.000 05/15/24   —(r) 379
Government National Mortgage Assoc. 7.000 05/15/24   1 519
Government National Mortgage Assoc. 7.000 05/15/24   1 660
Government National Mortgage Assoc. 7.000 05/15/24   1 701
Government National Mortgage Assoc. 7.000 05/15/24   2 2,397
12
PGIM Government Income Fund
Schedule of Investments  (unaudited) (continued)
as of November 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
U.S. Government Agency Obligations(Continued)
Government National Mortgage Assoc. 7.000 % 06/15/24   —(r)  $3
Government National Mortgage Assoc. 7.000 06/15/24   —(r) 20
Government National Mortgage Assoc. 7.000 06/15/24   —(r) 77
Government National Mortgage Assoc. 7.000 06/15/24   —(r) 103
Government National Mortgage Assoc. 7.000 06/15/24   —(r) 415
Government National Mortgage Assoc. 7.000 06/15/24   1 784
Government National Mortgage Assoc. 7.000 06/15/24   1 1,000
Government National Mortgage Assoc. 7.000 06/15/24   1 1,267
Government National Mortgage Assoc. 7.000 06/15/24   2 2,188
Government National Mortgage Assoc. 7.000 07/15/24   —(r) 172
Government National Mortgage Assoc. 7.000 07/15/24   1 523
Government National Mortgage Assoc. 7.000 02/15/29   5 4,748
Government National Mortgage Assoc. 7.500 01/15/23   —(r) 0
Government National Mortgage Assoc. 7.500 05/15/23   —(r) 496
Government National Mortgage Assoc. 7.500 06/15/23   —(r) 23
Government National Mortgage Assoc. 7.500 09/15/23   —(r) 160
Government National Mortgage Assoc. 7.500 10/15/23   —(r) 454
Government National Mortgage Assoc. 7.500 10/15/23   1 779
Government National Mortgage Assoc. 7.500 11/15/23   1 991
Government National Mortgage Assoc. 7.500 12/15/23   —(r) 162
Government National Mortgage Assoc. 7.500 12/15/23   —(r) 227
Government National Mortgage Assoc. 7.500 01/15/24   —(r) 4
Government National Mortgage Assoc. 7.500 01/15/24   —(r) 346
Government National Mortgage Assoc. 7.500 01/15/24   1 1,361
Government National Mortgage Assoc. 7.500 01/15/24   2 2,493
Government National Mortgage Assoc. 7.500 02/15/24   —(r) 137
Government National Mortgage Assoc. 7.500 02/15/24   1 1,335
Government National Mortgage Assoc. 7.500 03/15/24   1 877
Government National Mortgage Assoc. 7.500 04/15/24   —(r) 495
Government National Mortgage Assoc. 7.500 04/15/24   1 801
Government National Mortgage Assoc. 7.500 05/15/24   —(r) 70
Government National Mortgage Assoc. 7.500 06/15/24   —(r) 417
Government National Mortgage Assoc. 7.500 06/15/24   1 536
Government National Mortgage Assoc. 7.500 06/15/24   2 1,749
Government National Mortgage Assoc. 7.500 07/15/24   1 988
Government National Mortgage Assoc. 7.500 07/15/24   2 1,592
Government National Mortgage Assoc. 8.500 04/15/25   18 17,884
Israel Government, AID Bond, U.S. Gov’t. Gtd. Notes 5.500 09/18/33   500 553,442
Resolution Funding Corp. Interest Strips, Bonds 2.776(s) 01/15/30   630 457,556
Resolution Funding Corp. Interest Strips, Bonds 3.564(s) 04/15/30   1,290 931,726
Resolution Funding Corp. Principal Strips, Bonds 3.114(s) 04/15/30   2,280 1,672,943
Resolution Funding Corp. Principal Strips, Bonds 3.341(s) 01/15/30   3,205 2,374,491
13
PGIM Government Income Fund
Schedule of Investments  (unaudited) (continued)
as of November 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
U.S. Government Agency Obligations(Continued)
Tennessee Valley Authority,          
Sr. Unsec’d. Notes, Series A 2.875 % 02/01/27   335  $320,587
Sr. Unsec’d. Notes, Series E 6.750 11/01/25   1,300 1,388,243
     
 
Tennessee Valley Authority, Sr. Unsec’d. Notes 0.750 05/15/25   1,485 1,360,693
Tennessee Valley Authority, Sr. Unsec’d. Notes 1.500 09/15/31   285 227,241
Tennessee Valley Authority, Sr. Unsec’d. Notes 5.880 04/01/36   170 190,790
Tennessee Valley Authority, Sr. Unsec’d. Notes 7.125 05/01/30   1,170 1,388,078
     
 
Total U.S. Government Agency Obligations
(cost $244,326,729) 		223,313,637
U.S. Treasury Obligations 39.9%
U.S. Treasury Bonds 2.000 11/15/41   15,080 10,984,837
U.S. Treasury Bonds 2.250 05/15/41   79,795 61,342,406
U.S. Treasury Bonds 2.500 02/15/46   11,755 9,003,595
U.S. Treasury Bonds 2.500 05/15/46   18,850 14,411,414
U.S. Treasury Bonds 2.750 08/15/47   5,300 4,250,766
U.S. Treasury Bonds 2.875 05/15/52   690 573,994
U.S. Treasury Bonds(k) 3.000 11/15/44   4,790 4,047,550
U.S. Treasury Bonds 3.625 08/15/43   280 263,856
U.S. Treasury Notes 1.500 11/30/28   18,145 15,915,150
U.S. Treasury Notes 2.875 05/15/28   17,080 16,270,034
U.S. Treasury Notes 3.125 11/15/28   10,510 10,119,980
U.S. Treasury Notes 3.875 11/30/27   899 902,652
U.S. Treasury Notes 3.875 11/30/29   1,480 1,492,950
U.S. Treasury Strips Coupon 0.768(s) 05/15/30   1,145 863,223
U.S. Treasury Strips Coupon 1.177(s) 05/15/29   4,580 3,578,662
U.S. Treasury Strips Coupon 1.225(s) 02/15/41   150 71,584
U.S. Treasury Strips Coupon 1.389(s) 05/15/43   4,550 1,935,172
U.S. Treasury Strips Coupon 1.450(s) 08/15/42   180 79,193
U.S. Treasury Strips Coupon 1.463(s) 11/15/42   475 206,347
U.S. Treasury Strips Coupon 1.505(s) 11/15/41   2,445 1,118,396
U.S. Treasury Strips Coupon 1.510(s) 02/15/39   8,525 4,467,633
U.S. Treasury Strips Coupon 1.677(s) 02/15/43   19,800 8,507,039
U.S. Treasury Strips Coupon 1.775(s) 02/15/40   1,505 752,500
U.S. Treasury Strips Coupon 1.872(s) 05/15/31   73 53,039
U.S. Treasury Strips Coupon 1.960(s) 05/15/41   210 98,741
U.S. Treasury Strips Coupon 1.982(s) 08/15/39   2,050 1,057,271
U.S. Treasury Strips Coupon 2.010(s) 08/15/30   1,409 1,052,017
U.S. Treasury Strips Coupon 2.056(s) 11/15/38   300 158,590
U.S. Treasury Strips Coupon 2.085(s) 08/15/43   675 283,843
U.S. Treasury Strips Coupon 2.172(s) 02/15/28   675 552,498
14
PGIM Government Income Fund
Schedule of Investments  (unaudited) (continued)
as of November 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
U.S. Treasury Obligations(Continued)
U.S. Treasury Strips Coupon 2.205 %(s) 05/15/39   850  $441,668
U.S. Treasury Strips Coupon 2.228(s) 05/15/28   345 279,814
U.S. Treasury Strips Coupon 2.251(s) 08/15/40   2,200 1,074,477
U.S. Treasury Strips Coupon 2.351(s) 11/15/40   3,415 1,648,538
U.S. Treasury Strips Coupon 2.353(s) 02/15/44   620 257,784
U.S. Treasury Strips Coupon 2.365(s) 05/15/44   2,105 860,501
U.S. Treasury Strips Coupon 2.365(s) 11/15/44   2,240 896,437
U.S. Treasury Strips Coupon 2.416(s) 05/15/42   190 84,342
U.S. Treasury Strips Coupon 2.434(s) 11/15/45   590 227,427
U.S. Treasury Strips Coupon 2.443(s) 08/15/44   480 194,231
U.S. Treasury Strips Coupon 2.480(s) 11/15/43   13,768 5,769,115
U.S. Treasury Strips Coupon 3.243(s) 02/15/46   9,895 3,772,469
U.S. Treasury Strips Coupon 3.398(s) 08/15/41   1,485 693,019
U.S. Treasury Strips Coupon 3.443(s) 02/15/42   6,830 3,085,773
     
 
Total U.S. Treasury Obligations
(cost $239,869,695) 		193,700,527
 
Total Long-Term Investments
(cost $551,942,885) 		479,105,789
    
      Shares  
Short-Term Investment 6.1%
Unaffiliated Fund           
Dreyfus Government Cash Management (Institutional Shares)
(cost $29,750,455) 		      29,750,455 29,750,455
 
TOTAL INVESTMENTS 104.8%
(cost $581,693,340) 		508,856,244
Liabilities in excess of other assets(z) (4.8)% (23,508,829)
 
Net Assets 100.0% $485,347,415
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.
  Aces—Alternative Credit Enhancements Securities
  AID—Agency for International Development
  CLO—Collateralized Loan Obligation
  FHLMC—Federal Home Loan Mortgage Corporation
  LIBOR—London Interbank Offered Rate
15
PGIM Government Income Fund
Schedule of Investments  (unaudited) (continued)
as of November 30, 2022
  MTN—Medium Term Note
  SOFR—Secured Overnight Financing Rate
  STRIPs—Separate Trading of Registered Interest and Principal of Securities
  TBA—To Be Announced
    
# Principal amount is shown in U.S. dollars unless otherwise stated.
(c) Variable rate instrument. The interest rate shown reflects the rate in effect at November 30, 2022.
(cc) Variable rate instrument. The rate shown is based on the latest available information as of November 30, 2022. 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.
(k) Represents security, or a portion thereof, segregated as collateral for centrally cleared/exchange-traded derivatives.
(r) Principal or notional amount is less than $500 par.
(s) Represents zero coupon bond or principal only security. Rate represents yield to maturity at purchase date.
(z) Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments:
Futures contracts outstanding at November 30, 2022:
Number
of
Contracts 		  Type   Expiration
Date 		  Current
Notional
Amount 		  Value /
Unrealized
Appreciation
(Depreciation)
Long Positions:
355   2 Year U.S. Treasury Notes   Mar. 2023    $72,902,579    $167,337
359   5 Year U.S. Treasury Notes   Mar. 2023   38,976,741   160,528
1,019   10 Year U.S. Treasury Notes   Mar. 2023   115,656,500   794,668
3   30 Year U.S. Ultra Treasury Bonds   Mar. 2023   408,844   3,836
                1,126,369
Short Positions:
488   10 Year U.S. Ultra Treasury Notes   Mar. 2023   58,392,250   (296,309)
1,214   20 Year U.S. Treasury Bonds   Mar. 2023   154,178,000   (1,616,144)
                (1,912,453)
                $(786,084)
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).
16