NPORT-EX 2 PIDPD00PRU013124.htm
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Long-Term Investments 98.1%          
Asset-Backed Securities 13.8%
Cayman Islands 10.0%
Bain Capital Credit CLO Ltd.,          
Series 2018-01A, Class A1, 144A, 3 Month SOFR + 1.222% (Cap N/A, Floor 0.262%) 6.537 %(c) 04/23/31   220  $220,546
Series 2019-03A, Class AR, 144A, 3 Month SOFR + 1.422% (Cap N/A, Floor 1.422%) 6.739(c) 10/21/34   500 499,513
     
 
Balboa Bay Loan Funding Ltd.,
Series 2020-01A, Class AR, 144A, 3 Month SOFR + 1.382% (Cap N/A, Floor 1.120%)
6.699(c) 01/20/32   998 997,537
Battalion CLO Ltd.,
Series 2018-12A, Class A1, 144A, 3 Month SOFR + 1.332% (Cap N/A, Floor 1.070%)
6.701(c) 05/17/31   240 240,379
Broad River BSL Funding CLO Ltd.,
Series 2020-01A, Class AR, 144A, 3 Month SOFR + 1.432% (Cap N/A, Floor 1.170%)
6.749(c) 07/20/34   750 751,359
Carlyle CLO Ltd.,
Series C17A, Class A1AR, 144A, 3 Month SOFR + 1.292% (Cap N/A, Floor 0.000%)
6.609(c) 04/30/31   227 227,466
Carlyle Global Market Strategies CLO Ltd.,
Series 2014-01A, Class A1R2, 144A, 3 Month SOFR + 1.232% (Cap N/A, Floor 0.970%)
6.548(c) 04/17/31   210 210,440
CIFC Funding Ltd.,
Series 2014-02RA, Class A1, 144A, 3 Month SOFR + 1.312% (Cap N/A, Floor 1.050%)
6.630(c) 04/24/30   339 338,982
Clover CLO Ltd.,
Series 2019-02A, Class AR, 144A, 3 Month SOFR + 1.362% (Cap N/A, Floor 1.362%)
6.686(c) 10/25/33   500 500,943
Greenwood Park CLO Ltd.,
Series 2018-01A, Class A2, 144A, 3 Month SOFR + 1.272% (Cap N/A, Floor 0.000%)
6.586(c) 04/15/31   203 202,856
Greywolf CLO Ltd.,
Series 2018-01A, Class A1, 144A, 3 Month SOFR + 1.290% (Cap N/A, Floor 0.000%)
6.614(c) 04/26/31   673 673,825
Jamestown CLO Ltd.,
Series 2019-14A, Class A1AR, 144A, 3 Month SOFR + 1.462% (Cap N/A, Floor 1.200%)
6.779(c) 10/20/34   250 251,314
Madison Park Funding Ltd.,
Series 2019-33A, Class AR, 144A, 3 Month SOFR + 1.290% (Cap N/A, Floor 1.290%)
6.604(c) 10/15/32   750 749,241
MidOcean Credit CLO,
Series 2018-08A, Class B, 144A, 3 Month SOFR + 1.912% (Cap N/A, Floor 0.000%)
7.279(c) 02/20/31   250 248,928
1

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Asset-Backed Securities (Continued)
Cayman Islands (cont’d.)
     
Oaktree CLO Ltd.,
Series 2019-01A, Class A1R, 144A, 3 Month SOFR + 1.372% (Cap N/A, Floor 1.110%)
6.689 %(c) 04/22/30   900  $900,630
OZLM Ltd.,
Series 2014-06A, Class A2AS, 144A, 3 Month SOFR + 2.012% (Cap N/A, Floor 0.000%)
7.328(c) 04/17/31   250 249,996
Palmer Square CLO Ltd.,
Series 2015-01A, Class A1A4, 144A, 3 Month SOFR + 1.392% (Cap N/A, Floor 1.392%)
6.759(c) 05/21/34   750 751,818
TCW CLO Ltd.,          
Series 2017-01A, Class A1RR, 144A, 3 Month SOFR + 1.442% (Cap N/A, Floor 1.180%) 6.761(c) 10/29/34   250 249,627
Series 2020-01A, Class A1RR, 144A, 3 Month SOFR + 1.422% (Cap N/A, Floor 1.160%) 6.739(c) 04/20/34   750 749,784
     
 
Telos CLO Ltd.,
Series 2013-04A, Class AR, 144A, 3 Month SOFR + 1.502% (Cap N/A, Floor 0.000%)
6.818(c) 01/17/30   120 119,962
Trimaran Cavu Ltd.,
Series 2021-01A, Class A, 144A, 3 Month SOFR + 1.472% (Cap N/A, Floor 1.210%)
6.787(c) 04/23/32   500 500,414
Voya CLO Ltd.,
Series 2013-02A, Class A1R, 144A, 3 Month SOFR + 1.232% (Cap N/A, Floor 0.970%)
6.556(c) 04/25/31   201 200,927
Wellfleet CLO Ltd.,
Series 2018-03A, Class A1A, 144A, 3 Month SOFR + 1.512% (Cap N/A, Floor 1.250%)
6.829(c) 01/20/32   750 750,754
Wind River CLO Ltd.,
Series 2016-01KRA, Class A1R2, 144A, 3 Month SOFR + 1.472% (Cap N/A, Floor 1.210%)
6.786(c) 10/15/34   250 249,220
          10,836,461
Ireland 1.5%
Ares European CLO DAC,
Series 11A, Class B2R, 144A
1.950 04/15/32 EUR 500 488,051
Armada Euro CLO DAC,
Series 02A, Class A3, 144A
1.500 11/15/31 EUR 209 218,808
2

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Asset-Backed Securities (Continued)
Ireland (cont’d.)
Carlyle Euro CLO DAC,
Series 2021-02A, Class A1, 144A, 3 Month EURIBOR + 0.990% (Cap N/A, Floor 0.990%)
4.932 %(c) 10/15/35 EUR 300  $320,749
Carlyle Global Market Strategies Euro CLO Ltd.,
Series 2014-02A, Class AR1, 144A, 3 Month EURIBOR + 0.750% (Cap N/A, Floor 0.750%)
4.752(c) 11/15/31 EUR 499 531,848
          1,559,456
Spain 0.0%
TFS,          
Series 2018-03, Class A1 0.000(cc) 04/16/40^ EUR —(r) 1
Series 2018-03, Class A1, 1 Month EURIBOR + 3.250% 7.130(c) 03/15/26^ EUR 47 43,064
          43,065
United States 2.3%
Avis Budget Rental Car Funding AESOP LLC,          
Series 2022-05A, Class C, 144A 6.240 04/20/27   100 100,378
Series 2023-02A, Class C, 144A 6.180 10/20/27   100 100,449
     
 
Chase Auto Owner Trust,
Series 2022-AA, Class D, 144A
5.400 06/25/30   200 194,938
Enterprise Fleet Financing LLC,
Series 2023-02, Class A2, 144A
5.560 04/22/30   200 200,637
Exeter Automobile Receivables Trust,
Series 2021-03A, Class D
1.550 06/15/27   100 94,072
Ford Credit Auto Owner Trust,
Series 2023-02, Class D, 144A
6.600 02/15/36   100 101,299
Ford Credit Floorplan Master Owner Trust,
Series 2023-01, Class A1, 144A
4.920 05/15/28   200 200,633
JPMorgan Mortgage Trust,
Series 2023-HE02, Class A1, 144A, 30 Day Average SOFR + 1.700% (Cap N/A, Floor 0.000%)
7.045(c) 03/25/54   22 22,066
Mariner Finance Issuance Trust,
Series 2020-AA, Class A, 144A
2.190 08/21/34   52 50,967
OneMain Direct Auto Receivables Trust,          
Series 2019-01A, Class A, 144A 3.630 09/14/27   100 98,360
Series 2019-01A, Class D, 144A 4.680 04/14/31   100 97,146
Series 2023-01A, Class D, 144A 7.070 02/14/33   200 202,587
OneMain Financial Issuance Trust,          
Series 2023-01A, Class A, 144A 5.500 06/14/38   300 303,941
Series 2023-02A, Class C, 144A 6.740 09/15/36   100 102,426
3

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Asset-Backed Securities (Continued)
United States (cont’d.)
OneMain Financial Issuance Trust, (cont’d.)          
Series 2023-02A, Class D, 144A 7.520 % 09/15/36   100   $103,684
     
 
Oportun Issuance Trust,
Series 2022-02, Class A, 144A
5.940 10/09/29   13 13,318
Regional Management Issuance Trust,
Series 2022-01, Class A, 144A
3.070 03/15/32   100 95,742
Santander Drive Auto Receivables Trust,          
Series 2022-05, Class C 4.740 10/16/28   200 198,300
Series 2022-06, Class C 4.960 11/15/28   100 99,181
     
 
Towd Point Mortgage Trust,
Series 2024-CES01, Class A1A, 144A
5.848(cc) 01/25/64   100 99,984
          2,480,108
     
 
Total Asset-Backed Securities
(cost $15,122,417)
14,919,090
Commercial Mortgage-Backed Securities 7.8%
Canada 0.0%
Real Estate Asset Liquidity Trust,
Series 2020-01A, Class A1, 144A
2.381(cc) 02/12/55 CAD 17 12,012
Ireland 0.1%
Last Mile Logistics Pan Euro Finance DAC,
Series 01A, Class D, 144A, 3 Month EURIBOR + 1.900% (Cap N/A, Floor 1.900%)
5.894(c) 08/17/33 EUR 98 101,314
United Kingdom 0.5%
Deco DAC,
Series 2019-RAM, Class B, SONIA + 3.607% (Cap N/A, Floor 3.607%)
8.828(c) 08/07/30 GBP 167 202,394
Taurus DAC,          
Series 2021-UK4A, Class B, 144A, SONIA + 1.500% (Cap N/A, Floor 1.500%) 6.722(c) 08/17/31 GBP 93 117,085
Series 2021-UK4A, Class C, 144A, SONIA + 1.750% (Cap N/A, Floor 1.750%) 6.972(c) 08/17/31 GBP 93 116,620
Series 2021-UK4A, Class D, 144A, SONIA + 2.100% (Cap N/A, Floor 2.100%) 7.322(c) 08/17/31 GBP 93 115,963
          552,062
4

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Commercial Mortgage-Backed Securities (Continued)
United States 7.2%
BANK,          
Series 2018-BN10, Class A4 3.428 % 02/15/61   243  $231,942
Series 2020-BN26, Class A3 2.155 03/15/63   200 171,787
     
 
Barclays Commercial Mortgage Securities Trust,
Series 2018-CHRS, Class C, 144A
4.409(cc) 08/05/38   380 311,340
Benchmark Mortgage Trust,          
Series 2018-B02, Class A3 3.544 02/15/51   200 192,361
Series 2020-B17, Class A4 2.042 03/15/53   75 62,489
Series 2020-B20, Class A3 1.945 10/15/53   100 86,008
BX Commercial Mortgage Trust,          
Series 2019-XL, Class F, 144A, 1 Month SOFR + 2.114% (Cap N/A, Floor 2.000%) 7.448(c) 10/15/36   85 84,469
Series 2019-XL, Class G, 144A, 1 Month SOFR + 2.414% (Cap N/A, Floor 2.300%) 7.748(c) 10/15/36   85 84,150
Series 2019-XL, Class J, 144A, 1 Month SOFR + 2.764% (Cap N/A, Floor 2.650%) 8.098(c) 10/15/36   517 502,312
Series 2022-AHP, Class E, 144A, 1 Month SOFR + 3.040% (Cap N/A, Floor 3.040%) 8.373(c) 01/17/39   300 287,216
     
 
BX Trust,
Series 2022-LBA06, Class E, 144A, 1 Month SOFR + 2.700% (Cap N/A, Floor 2.700%)
8.033(c) 01/15/39   350 341,250
Citigroup Commercial Mortgage Trust,
Series 2018-B02, Class A3
3.744 03/10/51   150 143,553
Cold Storage Trust,
Series 2020-ICE05, Class E, 144A, 1 Month SOFR + 2.880% (Cap N/A, Floor 2.766%)
8.219(c) 11/15/37   98 98,053
Commercial Mortgage Trust,          
Series 2014-CR17, Class A5 3.977 05/10/47   1,000 993,629
Series 2014-UBS04, Class A5 3.694 08/10/47   1,000 984,035
     
 
Credit Suisse Mortgage Capital Certificates,
Series 2019-ICE04, Class E, 144A, 1 Month SOFR + 2.197% (Cap N/A, Floor 2.150%)
7.531(c) 05/15/36   200 198,748
FHLMC Multifamily Structured Pass-Through
Certificates,
         
Series K052, Class X1, IO 0.760(cc) 11/25/25   4,193 37,981
Series K111, Class X1, IO 1.680(cc) 05/25/30   318 24,414
Series K113, Class X1, IO 1.482(cc) 06/25/30   914 63,283
Series KG03, Class X1, IO 1.478(cc) 06/25/30   1,045 70,521
GS Mortgage Securities Trust,          
Series 2014-GC26, Class A5 3.629 11/10/47   1,000 981,562
Series 2018-GS09, Class A3 3.727 03/10/51   125 117,886
     
 
5

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Commercial Mortgage-Backed Securities (Continued)
United States (cont’d.)
     
ONE Mortgage Trust,
Series 2021-PARK, Class D, 144A, 1 Month SOFR + 1.614% (Cap N/A, Floor 1.500%)
6.947 %(c) 03/15/36   100  $92,500
UBS Commercial Mortgage Trust,
Series 2018-C08, Class A3
3.720 02/15/51   200 190,518
Wells Fargo Commercial Mortgage Trust,          
Series 2016-LC24, Class A3 2.684 10/15/49   213 201,645
Series 2021-C59, Class A3 1.958 04/15/54   600 528,111
Series 2021-FCMT, Class C, 144A, 1 Month SOFR + 2.514% (Cap N/A, Floor 2.400%) 7.848(c) 05/15/31   100 96,984
Series 2021-FCMT, Class E, 144A, 1 Month SOFR + 4.614% (Cap N/A, Floor 4.500%) 9.948(c) 05/15/31   600 539,335
          7,718,082
     
 
Total Commercial Mortgage-Backed Securities
(cost $8,734,393)
8,383,470
Corporate Bonds 36.5%
Belgium 0.1%
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc.,
Gtd. Notes
4.900 02/01/46   140 135,727
Brazil 0.6%
Petrobras Global Finance BV,          
Gtd. Notes 5.375 10/01/29 GBP 200 237,262
Gtd. Notes 6.625 01/16/34 GBP 300 360,150
          597,412
Bulgaria 0.3%
Bulgarian Energy Holding EAD,
Sr. Unsec’d. Notes
2.450 07/22/28 EUR 300 282,164
Canada 1.0%
Bombardier, Inc.,          
Sr. Unsec’d. Notes, 144A 7.125 06/15/26   20 20,164
Sr. Unsec’d. Notes, 144A 7.500 02/01/29   25 25,438
Sr. Unsec’d. Notes, 144A 7.875 04/15/27   70 69,810
     
 
6

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Canada (cont’d.)
     
Brookfield Residential Properties, Inc./Brookfield Residential US LLC,
Gtd. Notes, 144A
4.875 % 02/15/30   35  $31,063
Cenovus Energy, Inc.,          
Sr. Unsec’d. Notes 2.650 01/15/32   15 12,461
Sr. Unsec’d. Notes 3.750 02/15/52   10 7,237
     
 
Fairfax Financial Holdings Ltd.,
Sr. Unsec’d. Notes
5.625 08/16/32   300 298,947
Hydro-Quebec,
Local Gov’t. Gtd. Notes, Series HK
9.375 04/15/30   150 187,105
Mattamy Group Corp.,
Sr. Unsec’d. Notes, 144A
4.625 03/01/30   125 113,438
Ontario Teachers’ Cadillac Fairview Properties Trust,
Sr. Unsec’d. Notes, 144A
3.875 03/20/27   300 283,595
Teck Resources Ltd.,
Sr. Unsec’d. Notes
5.400 02/01/43   60 56,842
          1,106,100
China 1.7%
Agricultural Development Bank of China,
Sr. Unsec’d. Notes
3.800 10/27/30 CNH 6,000 881,544
Aircraft Finance Co. Ltd.,
Sr. Sec’d. Notes, Series B
4.100 03/29/26   46 45,019
China Development Bank,          
Sr. Unsec’d. Notes 4.300 08/02/32 CNH 5,000 772,801
Unsec’d. Notes 4.200 01/19/27 CNH 1,000 144,740
          1,844,104
Denmark 0.1%
Danske Bank A/S,
Sub. Notes, EMTN
2.500(ff) 06/21/29 EUR 150 160,727
France 2.2%
Banque Federative du Credit Mutuel SA,
Sr. Preferred Notes, 144A
1.604 10/04/26   200 183,243
BNP Paribas SA,          
Sr. Non-Preferred Notes, 144A 2.159(ff) 09/15/29   200 174,589
Sr. Non-Preferred Notes, 144A 2.871(ff) 04/19/32   400 338,648
     
 
BPCE SA,
Sr. Non-Preferred Notes, 144A
2.045(ff) 10/19/27   250 227,926
7

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
France (cont’d.)
     
Credit Agricole Assurances SA,
Sub. Notes
4.250 %(ff) 01/13/25(oo) EUR 100  $107,346
La Poste SA,
Sr. Unsec’d. Notes, EMTN
1.375 04/21/32 EUR 200 186,741
Regie Autonome des Transports Parisiens EPIC,
Sr. Unsec’d. Notes, EMTN
0.400 12/19/36 EUR 50 44,876
SNCF Reseau,
Sr. Unsec’d. Notes, Series MPLE
4.700 06/01/35 CAD 100 76,228
Societe Generale SA,          
Gtd. Notes, 144A 2.797(ff) 01/19/28   200 185,000
Sr. Non-Preferred Notes, 144A 1.488(ff) 12/14/26   200 185,014
Sr. Non-Preferred Notes, 144A, MTN 2.625 01/22/25   255 248,056
Sr. Preferred Notes, EMTN 0.250 07/08/27 EUR 400 390,245
          2,347,912
Germany 1.1%
Allianz SE,
Jr. Sub. Notes
3.375(ff) 09/18/24(oo) EUR 100 107,078
Deutsche Bahn Finance GMBH,
Gtd. Notes, MTN
3.800 09/27/27 AUD 100 63,678
Deutsche Bank AG,          
Sr. Non-Preferred Notes 1.447(ff) 04/01/25   210 208,268
Sr. Non-Preferred Notes 2.552(ff) 01/07/28   150 137,717
Sr. Preferred Notes 0.898 05/28/24   265 260,990
Sub. Notes, EMTN 3.662(ff) 04/10/25 CNH 1,000 137,766
     
 
TK Elevator Midco GmbH,
Sr. Sec’d. Notes
4.375 07/15/27 EUR 153 160,031
Volkswagen International Finance NV,
Gtd. Notes
4.625(ff) 03/24/26(oo) EUR 100 106,730
          1,182,258
Hong Kong 0.3%
HKT Capital No. 3 Ltd.,
Gtd. Notes
1.650 04/10/27 EUR 200 195,363
Sun Hung Kai Properties Capital Market Ltd.,
Gtd. Notes, EMTN
3.200 08/14/27 CNH 1,000 137,898
          333,261
8

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Hungary 0.1%
MFB Magyar Fejlesztesi Bank Zrt,
Gov’t. Gtd. Notes
0.375 % 06/09/26 EUR 100  $98,209
India 0.5%
NTPC Ltd.,
Sr. Unsec’d. Notes, EMTN
2.750 02/01/27 EUR 300 309,701
Power Finance Corp. Ltd.,
Sr. Unsec’d. Notes, GMTN
1.841 09/21/28 EUR 200 190,318
          500,019
Indonesia 0.2%
Perusahaan Perseroan Persero PT Perusahaan Listrik
Negara,
         
Sr. Unsec’d. Notes 2.875 10/25/25 EUR 100 106,113
Sr. Unsec’d. Notes, 144A 1.875 11/05/31 EUR 100 88,752
          194,865
Israel 0.2%
Israel Electric Corp. Ltd.,
Sec’d. Notes, 144A, GMTN
3.750 02/22/32   200 167,250
Italy 0.3%
Cassa Depositi e Prestiti SpA,
Sr. Unsec’d. Notes, 144A
5.750 05/05/26   200 199,733
Rossini Sarl,
Sr. Sec’d. Notes, 144A
6.750 10/30/25 EUR 100 107,992
          307,725
Jamaica 0.2%
Digicel Group Holdings Ltd.,          
Sr. Sec’d. Notes, Series 1A14, 144A 0.000(s) 12/31/30^   4 4,088
Sr. Sec’d. Notes, Series 1B14, 144A 0.000(s) 12/31/30^   11
Sr. Sec’d. Notes, Series 3A14, 144A 0.000(s) 12/31/30^   —(r) 249
Sr. Sec’d. Notes, Series 3B14, 144A 0.000(s) 12/31/30^   5
     
 
9

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Jamaica (cont’d.)
     
Digicel Intermediate Holdings Ltd./Digicel International Finance Ltd./DIFL US LLC,
Sr. Sec’d. Notes, Cash coupon 9.000% and PIK 1.500%
9.000 % 05/25/27   204  $192,677
Digicel MidCo Ltd./DIFL US II LLC,
Sr. Unsec’d. Notes, PIK 10.500%
10.500 11/25/28   6 3,641
          200,655
Japan 0.3%
Mitsubishi UFJ Financial Group, Inc.,
Sr. Unsec’d. Notes
1.538(ff) 07/20/27   210 192,813
Nomura Holdings, Inc.,
Sr. Unsec’d. Notes
2.999 01/22/32   200 167,842
          360,655
Luxembourg 0.3%
Blackstone Property Partners Europe Holdings Sarl,
Sr. Unsec’d. Notes, EMTN
1.000 05/04/28 EUR 400 371,112
Malta 0.2%
Freeport Terminal Malta PLC,
Gov’t. Gtd. Notes, 144A
7.250 05/15/28   200 216,941
Mexico 1.0%
Comision Federal de Electricidad,
Sr. Unsec’d. Notes
5.000 09/29/36   141 118,608
Mexico City Airport Trust,
Sr. Sec’d. Notes, 144A
3.875 04/30/28   200 185,456
Petroleos Mexicanos,          
Gtd. Notes 3.625 11/24/25 EUR 200 205,333
Gtd. Notes, EMTN 2.750 04/21/27 EUR 200 184,259
Gtd. Notes, EMTN 4.875 02/21/28 EUR 400 382,028
          1,075,684
Netherlands 0.5%
ABN AMRO Bank NV,
Sr. Non-Preferred Notes, 144A, MTN
6.575(ff) 10/13/26   300 304,598
10

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Netherlands (cont’d.)
Cooperatieve Rabobank UA,
Sr. Preferred Notes, GMTN
3.500 % 12/14/26 AUD 90  $56,756
JDE Peet’s NV,
Gtd. Notes, 144A
1.375 01/15/27   150 135,254
          496,608
Norway 0.1%
Aker BP ASA,
Sr. Unsec’d. Notes, 144A
5.600 06/13/28   155 157,674
Peru 0.0%
Peru Enhanced Pass-Through Finance Ltd.,
Pass-Through Certificates
1.962(n) 06/02/25   22 20,470
Philippines 0.4%
Bangko Sentral ng Pilipinas International Bond,
Sr. Unsec’d. Notes, Series A
8.600 06/15/27   276 306,509
Power Sector Assets & Liabilities Management Corp.,
Gov’t. Gtd. Notes
7.390 12/02/24   123 124,614
          431,123
Poland 0.3%
Bank Gospodarstwa Krajowego,          
Gov’t. Gtd. Notes, 144A, MTN 5.375 05/22/33   200 200,480
Gov’t. Gtd. Notes, EMTN 3.000 05/30/29 EUR 100 104,558
          305,038
Portugal 0.1%
CP - Comboios de Portugal EPE,
Sr. Unsec’d. Notes
5.700 03/05/30 EUR 100 119,894
Russia 0.3%
Gazprom PJSC Via Gaz Capital SA,
Sr. Unsec’d. Notes
4.250 04/06/24 GBP 300 326,963
Saudi Arabia 0.3%
Gaci First Investment Co.,
Gtd. Notes
4.750 02/14/30   300 294,375
11

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Singapore 0.1%
Singapore Telecommunications Ltd.,
Sr. Unsec’d. Notes, 144A
7.375 % 12/01/31   67  $78,130
Slovenia 0.2%
United Group BV,          
Sr. Sec’d. Notes 3.625 02/15/28 EUR 150 147,621
Sr. Sec’d. Notes, 144A 6.750 02/15/31 EUR 100 107,719
          255,340
South Africa 0.5%
Eskom Holdings SOC Ltd.,
Gov’t. Gtd. Notes, MTN
6.350 08/10/28   600 582,750
South Korea 0.1%
Korea Development Bank (The),
Sr. Unsec’d. Notes, EMTN
3.375 05/23/28 EUR 100 107,692
Spain 0.9%
Banco Santander SA,          
Sr. Non-Preferred Notes 1.722(ff) 09/14/27   200 181,409
Sr. Non-Preferred Notes 5.147 08/18/25   200 199,080
     
 
Cellnex Finance Co. SA,
Gtd. Notes, EMTN
2.000 02/15/33 EUR 300 277,718
Cellnex Telecom SA,
Sr. Unsec’d. Notes, EMTN
1.750 10/23/30 EUR 100 95,482
Iberdrola International BV,
Gtd. Notes, Series NC6
1.450(ff) 11/09/26(oo) EUR 200 198,505
          952,194
Supranational Bank 0.4%
Corp. Andina de Fomento,
Sr. Unsec’d. Notes
4.500 03/07/28 EUR 200 223,894
European Bank for Reconstruction & Development,
Sr. Unsec’d. Notes, EMTN
4.250 02/07/28 IDR 300,000 17,897
European Investment Bank,
Sr. Unsec’d. Notes, 144A, EMTN
5.400 01/05/45 CAD 50 42,566
International Bank for Reconstruction & Development,
Sr. Unsec’d. Notes, SOFR Index + 0.262% (Cap 1.820%, Floor 0.000%)
1.820(c) 08/11/26   100 93,102
          377,459
12

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Switzerland 1.2%
Credit Suisse AG,          
Sr. Unsec’d. Notes 5.000 % 07/09/27   450  $451,153
Sr. Unsec’d. Notes 7.500 02/15/28   250 273,150
UBS Group AG,          
Sr. Unsec’d. Notes, 144A 1.364(ff) 01/30/27   200 184,217
Sr. Unsec’d. Notes, 144A 1.494(ff) 08/10/27   200 181,547
Sr. Unsec’d. Notes, 144A 2.593(ff) 09/11/25   250 245,391
          1,335,458
United Arab Emirates 1.1%
DP World Ltd.,          
Sr. Unsec’d. Notes 2.375 09/25/26 EUR 200 206,684
Sr. Unsec’d. Notes 4.250 09/25/30 GBP 100 118,493
     
 
Emirates NBD Bank PJSC,
Sr. Unsec’d. Notes, MTN
4.750 02/09/28 AUD 400 259,121
Emirates Telecommunications Group Co. PJSC,
Sr. Unsec’d. Notes, EMTN
0.375 05/17/28 EUR 100 94,935
First Abu Dhabi Bank PJSC,
Sr. Unsec’d. Notes, EMTN
0.875 12/09/25 GBP 200 232,775
MDGH GMTN RSC Ltd.,          
Gtd. Notes, EMTN 6.875 03/14/26 GBP 100 130,215
Gtd. Notes, GMTN 0.375 03/10/27 EUR 200 195,066
          1,237,289
United Kingdom 3.0%
Barclays Bank PLC,
Sr. Unsec’d. Notes, EMTN
0.500 01/28/33 MXN 10,000 236,013
Barclays PLC,          
Sr. Unsec’d. Notes 3.932(ff) 05/07/25   200 198,936
Sr. Unsec’d. Notes 5.501(ff) 08/09/28   240 240,000
     
 
BAT Capital Corp.,
Gtd. Notes
2.259 03/25/28   80 71,695
Bellis Acquisition Co. PLC,
Sr. Sec’d. Notes, 144A
3.250 02/16/26 GBP 200 239,915
Bellis Finco PLC,
Sr. Unsec’d. Notes, 144A
4.000 02/16/27 GBP 100 115,551
BP Capital Markets PLC,
Gtd. Notes
4.375(ff) 06/22/25(oo)   150 146,700
DS Smith PLC,
Sr. Unsec’d. Notes, EMTN
0.875 09/12/26 EUR 100 100,795
13

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
United Kingdom (cont’d.)
     
eG Global Finance PLC,
Sr. Sec’d. Notes, 144A
12.000 % 11/30/28   200  $210,810
HSBC Holdings PLC,          
Sr. Unsec’d. Notes 1.589(ff) 05/24/27   200 183,829
Sr. Unsec’d. Notes 2.013(ff) 09/22/28   200 178,075
Sr. Unsec’d. Notes 2.804(ff) 05/24/32   200 167,200
     
 
Lloyds Bank PLC,
Sr. Unsec’d. Notes, EMTN
0.000 04/02/32   200 126,988
Santander UK Group Holdings PLC,
Sr. Unsec’d. Notes
1.673(ff) 06/14/27   350 319,847
Sherwood Financing PLC,
Sr. Sec’d. Notes, 144A
6.000 11/15/26 GBP 175 202,846
TalkTalk Telecom Group Ltd.,
Gtd. Notes
3.875 02/20/25 GBP 200 209,528
Virgin Media Secured Finance PLC,
Sr. Sec’d. Notes
4.250 01/15/30 GBP 300 333,320
          3,282,048
United States 16.3%
AbbVie, Inc.,
Sr. Unsec’d. Notes
4.050 11/21/39   50 45,255
Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s LP/Albertson’s LLC,
Gtd. Notes, 144A
3.500 03/15/29   25 22,610
Allied Universal Holdco LLC/Allied Universal Finance Corp.,
Sr. Sec’d. Notes, 144A
6.625 07/15/26   175 172,586
American Airlines, Inc./AAdvantage Loyalty IP Ltd.,
Sr. Sec’d. Notes, 144A
5.750 04/20/29   75 73,696
American Axle & Manufacturing, Inc.,
Gtd. Notes
6.500 04/01/27   25 24,926
American International Group, Inc.,
Sr. Unsec’d. Notes
1.875 06/21/27 EUR 100 102,876
American Medical Systems Europe BV,
Gtd. Notes
1.625 03/08/31 EUR 100 96,626
AmeriGas Partners LP/AmeriGas Finance Corp.,
Sr. Unsec’d. Notes
5.875 08/20/26   75 72,514
Amgen, Inc.,
Sr. Unsec’d. Notes
5.250 03/02/30   125 128,168
AMN Healthcare, Inc.,
Gtd. Notes, 144A
4.625 10/01/27   50 47,660
14

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
United States (cont’d.)
Antero Midstream Partners LP/Antero Midstream Finance Corp.,
Gtd. Notes, 144A
7.875 % 05/15/26   150  $153,551
Ascent Resources Utica Holdings LLC/ARU Finance
Corp.,
         
Gtd. Notes, 144A 7.000 11/01/26   25 25,015
Gtd. Notes, 144A 9.000 11/01/27   25 31,742
Ashton Woods USA LLC/Ashton Woods Finance Co.,          
Sr. Unsec’d. Notes, 144A 4.625 08/01/29   25 22,752
Sr. Unsec’d. Notes, 144A 4.625 04/01/30   25 22,622
AT&T, Inc.,          
Sr. Unsec’d. Notes 3.550 09/15/55   40 28,409
Sr. Unsec’d. Notes 3.650 09/15/59   69 48,587
Sr. Unsec’d. Notes 3.950 04/30/31 EUR 200 222,689
Sr. Unsec’d. Notes 4.100 01/19/26 AUD 100 64,764
     
 
B&G Foods, Inc.,
Gtd. Notes
5.250 04/01/25   18 17,667
Ball Corp.,
Gtd. Notes
6.000 06/15/29   50 50,456
Bank of America Corp.,          
Sr. Unsec’d. Notes 1.734(ff) 07/22/27   270 248,867
Sr. Unsec’d. Notes 2.572(ff) 10/20/32   88 73,246
Sr. Unsec’d. Notes 2.687(ff) 04/22/32   195 165,563
Sr. Unsec’d. Notes, MTN 2.087(ff) 06/14/29   300 265,687
Sr. Unsec’d. Notes, MTN 3.194(ff) 07/23/30   85 77,316
     
 
Bausch Health Americas, Inc.,
Gtd. Notes, 144A
8.500 01/31/27   85 47,084
Bausch Health Cos., Inc.,          
Gtd. Notes, 144A 5.000 01/30/28   5 2,150
Gtd. Notes, 144A 5.250 01/30/30   25 10,074
Gtd. Notes, 144A 6.250 02/15/29   10 4,200
Beazer Homes USA, Inc.,          
Gtd. Notes 6.750 03/15/25   50 49,988
Gtd. Notes 7.250 10/15/29   20 20,102
     
 
Black Knight InfoServ LLC,
Gtd. Notes, 144A
3.625 09/01/28   100 94,608
Bristol-Myers Squibb Co.,
Sr. Unsec’d. Notes
2.350 11/13/40   10 6,926
Brixmor Operating Partnership LP,          
Sr. Unsec’d. Notes 2.500 08/16/31   10 8,323
Sr. Unsec’d. Notes 4.125 05/15/29   65 61,679
15

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
United States (cont’d.)
Broadcom, Inc.,          
Gtd. Notes, 144A 2.450 % 02/15/31   240  $203,935
Gtd. Notes, 144A 3.500 02/15/41   30 23,936
Sr. Unsec’d. Notes, 144A 3.137 11/15/35   102 83,592
Sr. Unsec’d. Notes, 144A 3.419 04/15/33   65 57,028
     
 
Caesars Entertainment, Inc.,
Sr. Sec’d. Notes, 144A
6.500 02/15/32   45 45,443
Caledonia Generating LLC,
Sr. Sec’d. Notes, 144A
1.950 02/28/34   323 270,222
Calpine Corp.,          
Sr. Sec’d. Notes, 144A 3.750 03/01/31   75 65,420
Sr. Unsec’d. Notes, 144A 4.625 02/01/29   60 55,431
Sr. Unsec’d. Notes, 144A 5.000 02/01/31   10 9,071
Sr. Unsec’d. Notes, 144A 5.125 03/15/28   50 47,788
     
 
Cantor Fitzgerald LP,
Sr. Unsec’d. Notes, 144A
4.500 04/14/27   235 225,051
Capital One Financial Corp.,
Sr. Unsec’d. Notes
5.700(ff) 02/01/30   75 75,686
Carnival Holdings Bermuda Ltd.,
Gtd. Notes, 144A
10.375 05/01/28   100 109,493
Carrier Global Corp.,          
Sr. Unsec’d. Notes, 144A 4.375 05/29/25 EUR 200 217,705
Sr. Unsec’d. Notes, 144A 4.500 11/29/32 EUR 100 114,373
CCO Holdings LLC/CCO Holdings Capital Corp.,          
Sr. Unsec’d. Notes, 144A 4.250 02/01/31   50 42,136
Sr. Unsec’d. Notes, 144A 5.000 02/01/28   75 70,777
     
 
CDW LLC/CDW Finance Corp.,
Gtd. Notes
2.670 12/01/26   100 93,621
CF Industries, Inc.,          
Gtd. Notes 4.950 06/01/43   40 36,630
Gtd. Notes 5.375 03/15/44   40 38,452
     
 
Chart Industries, Inc.,
Sr. Sec’d. Notes, 144A
7.500 01/01/30   75 77,181
Charter Communications Operating LLC/Charter
Communications Operating Capital,
         
Sr. Sec’d. Notes 2.300 02/01/32   40 31,268
Sr. Sec’d. Notes 3.900 06/01/52   135 88,401
Sr. Sec’d. Notes 6.384 10/23/35   100 100,800
     
 
Cigna Group (The),
Sr. Unsec’d. Notes
2.400 03/15/30   25 21,831
Citigroup, Inc.,          
Jr. Sub. Notes 3.875(ff) 02/18/26(oo)   150 138,475
16

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
United States (cont’d.)
Citigroup, Inc., (cont’d.)          
Sr. Unsec’d. Notes 1.462 %(ff) 06/09/27   300  $275,551
Sr. Unsec’d. Notes 2.520(ff) 11/03/32   35 28,946
Sr. Unsec’d. Notes 2.561(ff) 05/01/32   100 83,650
Sr. Unsec’d. Notes 3.106(ff) 04/08/26   300 292,421
Sub. Notes 6.174(ff) 05/25/34   35 36,318
     
 
CNA Financial Corp.,
Sr. Unsec’d. Notes
3.900 05/01/29   100 95,643
Columbia Pipelines Operating Co. LLC,
Sr. Unsec’d. Notes, 144A
6.036 11/15/33   70 73,498
Comerica, Inc.,
Sr. Unsec’d. Notes
5.982(ff) 01/30/30   109 108,627
Corebridge Financial, Inc.,
Sr. Unsec’d. Notes
3.900 04/05/32   230 207,440
Cox Communications, Inc.,
Gtd. Notes, 144A
5.450 09/15/28   300 306,322
CSC Holdings LLC,
Sr. Unsec’d. Notes, 144A
4.625 12/01/30   200 103,267
Dana, Inc.,          
Sr. Unsec’d. Notes 4.500 02/15/32   50 42,927
Sr. Unsec’d. Notes 5.375 11/15/27   25 24,410
DaVita, Inc.,          
Gtd. Notes, 144A 3.750 02/15/31   50 41,180
Gtd. Notes, 144A 4.625 06/01/30   100 88,454
Diamond Sports Group LLC/Diamond Sports Finance
Co.,
         
Gtd. Notes, 144A(f) 6.625 08/15/27(d)   45 3,038
Sec’d. Notes, 144A 5.375 08/15/26(d)   150 10,407
     
 
Discovery Communications LLC,
Gtd. Notes
5.300 05/15/49   60 51,938
DISH DBS Corp.,
Gtd. Notes
7.750 07/01/26   100 59,002
Diversified Healthcare Trust,
Gtd. Notes
9.750 06/15/25   37 36,852
Elevance Health, Inc.,
Sr. Unsec’d. Notes
2.875 09/15/29   100 91,261
Endeavor Energy Resources LP/EER Finance, Inc.,
Sr. Unsec’d. Notes, 144A
5.750 01/30/28   75 74,634
Energy Transfer LP,          
Jr. Sub. Notes, Series G 7.125(ff) 05/15/30(oo)   100 96,670
Jr. Sub. Notes, Series H 6.500(ff) 11/15/26(oo)   50 48,329
Sr. Unsec’d. Notes 6.050 12/01/26   240 246,501
17

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
United States (cont’d.)
Energy Transfer LP, (cont’d.)          
Sr. Unsec’d. Notes 6.250 % 04/15/49   25  $25,929
Sr. Unsec’d. Notes 6.550 12/01/33   30 32,389
Enterprise Products Operating LLC,          
Gtd. Notes 3.700 01/31/51   15 11,798
Gtd. Notes 4.450 02/15/43   20 18,180
     
 
Fidelity National Information Services, Inc.,
Sr. Unsec’d. Notes
1.500 05/21/27 EUR 100 102,169
Ford Motor Co.,
Sr. Unsec’d. Notes
4.750 01/15/43   140 115,280
Ford Motor Credit Co. LLC,          
Sr. Unsec’d. Notes 5.800 03/05/27   200 201,193
Sr. Unsec’d. Notes 6.798 11/07/28   200 208,822
     
 
Gen Digital, Inc.,
Sr. Unsec’d. Notes, 144A
5.000 04/15/25   75 74,584
General Motors Co.,
Sr. Unsec’d. Notes
5.150 04/01/38   50 47,279
General Motors Financial Co., Inc.,
Sr. Unsec’d. Notes
2.700 06/10/31   75 62,627
GN Bondco LLC,
Sr. Sec’d. Notes, 144A
9.500 10/15/31   75 73,975
Goldman Sachs Group, Inc. (The),          
Jr. Sub. Notes, Series U 3.650(ff) 08/10/26(oo)   130 117,499
Sr. Unsec’d. Notes 1.542(ff) 09/10/27   300 273,666
Sr. Unsec’d. Notes 1.992(ff) 01/27/32   20 16,219
Sr. Unsec’d. Notes 2.615(ff) 04/22/32   195 164,536
Sr. Unsec’d. Notes 4.482(ff) 08/23/28   375 368,883
     
 
HCA, Inc.,
Gtd. Notes
5.250 04/15/25   100 99,898
Hilcorp Energy I LP/Hilcorp Finance Co.,          
Sr. Unsec’d. Notes, 144A 6.000 04/15/30   25 24,270
Sr. Unsec’d. Notes, 144A 6.250 04/15/32   25 24,143
     
 
Honeywell International, Inc.,
Sr. Unsec’d. Notes
3.750 05/17/32 EUR 100 111,001
Hunt Cos., Inc.,
Sr. Sec’d. Notes, 144A
5.250 04/15/29   50 46,460
Huntington Bancshares, Inc.,          
Sr. Unsec’d. Notes 5.709(ff) 02/02/35   210 211,475
Sr. Unsec’d. Notes 6.208(ff) 08/21/29   50 51,664
     
 
Jefferies Financial Group, Inc.,
Sr. Unsec’d. Notes
2.625 10/15/31   150 124,724
18

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
United States (cont’d.)
     
JELD-WEN, Inc.,
Gtd. Notes, 144A
4.875 % 12/15/27   50  $47,676
JPMorgan Chase & Co.,          
Jr. Sub. Notes, Series HH 4.600(ff) 02/01/25(oo)   200 194,597
Sr. Unsec’d. Notes 2.069(ff) 06/01/29   190 169,315
Sr. Unsec’d. Notes 2.083(ff) 04/22/26   90 86,570
Sr. Unsec’d. Notes 2.545(ff) 11/08/32   90 75,267
Sr. Unsec’d. Notes 2.580(ff) 04/22/32   105 88,958
Sr. Unsec’d. Notes 3.702(ff) 05/06/30   65 61,280
Sr. Unsec’d. Notes 5.012(ff) 01/23/30   300 301,579
     
 
Kimco Realty OP LLC,
Gtd. Notes
1.900 03/01/28   135 119,521
Kontoor Brands, Inc.,
Gtd. Notes, 144A
4.125 11/15/29   53 48,116
Kraft Heinz Foods Co.,
Gtd. Notes
3.000 06/01/26   93 89,321
Lamb Weston Holdings, Inc.,
Gtd. Notes, 144A
4.375 01/31/32   50 44,835
M/I Homes, Inc.,
Gtd. Notes
4.950 02/01/28   50 47,862
Marathon Petroleum Corp.,
Sr. Unsec’d. Notes
6.500 03/01/41   50 54,481
Marriott International, Inc.,
Sr. Unsec’d. Notes, Series HH
2.850 04/15/31   75 65,068
Masonite International Corp.,
Gtd. Notes, 144A
3.500 02/15/30   50 43,125
Medline Borrower LP,
Sr. Sec’d. Notes, 144A
3.875 04/01/29   75 67,914
Morgan Stanley,          
Sr. Unsec’d. Notes 0.406(ff) 10/29/27 EUR 200 198,775
Sr. Unsec’d. Notes 1.593(ff) 05/04/27   110 101,840
Sr. Unsec’d. Notes 5.173(ff) 01/16/30   180 181,451
Sr. Unsec’d. Notes, EMTN 7.500 12/15/27 MXN 1,000 53,726
Sr. Unsec’d. Notes, GMTN 2.239(ff) 07/21/32   50 40,874
Sr. Unsec’d. Notes, MTN 1.928(ff) 04/28/32   180 145,220
MPLX LP,          
Sr. Unsec’d. Notes 4.000 03/15/28   25 24,208
Sr. Unsec’d. Notes 4.950 09/01/32   450 439,260
Nationstar Mortgage Holdings, Inc.,          
Gtd. Notes, 144A 5.500 08/15/28   15 14,280
Gtd. Notes, 144A 6.000 01/15/27   35 34,468
19

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
United States (cont’d.)
NRG Energy, Inc.,          
Gtd. Notes 5.750 % 01/15/28   53  $52,445
Jr. Sub. Notes, 144A 10.250(ff) 03/15/28(oo)   25 26,324
     
 
OneMain Finance Corp.,
Gtd. Notes
4.000 09/15/30   25 21,134
ONEOK, Inc.,          
Gtd. Notes 5.550 11/01/26   100 101,689
Gtd. Notes 5.650 11/01/28   65 67,024
Gtd. Notes 6.050 09/01/33   250 262,375
     
 
Pactiv Evergreen Group Issuer LLC/Pactiv Evergreen Group Issuer, Inc.,
Sr. Sec’d. Notes, 144A
4.375 10/15/28   25 23,324
Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC,
Sr. Sec’d. Notes, 144A
4.000 10/15/27   75 69,972
Penn Entertainment, Inc.,
Sr. Unsec’d. Notes, 144A
5.625 01/15/27   75 72,464
Permian Resources Operating LLC,
Gtd. Notes, 144A
8.000 04/15/27   75 77,668
PNC Financial Services Group, Inc. (The),          
Sr. Unsec’d. Notes 5.300(ff) 01/21/28   25 25,220
Sr. Unsec’d. Notes 6.875(ff) 10/20/34   90 100,221
     
 
Post Holdings, Inc.,
Sr. Unsec’d. Notes, 144A
4.500 09/15/31   50 44,895
Realty Income Corp.,          
Sr. Unsec’d. Notes 2.200 06/15/28   5 4,497
Sr. Unsec’d. Notes 2.850 12/15/32   5 4,217
Sr. Unsec’d. Notes 4.875 07/06/30 EUR 200 227,284
     
 
Smyrna Ready Mix Concrete LLC,
Sr. Sec’d. Notes, 144A
6.000 11/01/28   60 58,649
Southwest Airlines Co.,
Sr. Unsec’d. Notes
5.125 06/15/27   180 181,250
Southwestern Energy Co.,
Gtd. Notes
5.375 02/01/29   75 73,372
Standard Industries, Inc.,
Sr. Unsec’d. Notes, 144A
4.375 07/15/30   25 22,718
Stryker Corp.,
Sr. Unsec’d. Notes
2.625 11/30/30 EUR 100 104,286
Suburban Propane Partners LP/Suburban Energy Finance Corp.,
Sr. Unsec’d. Notes
5.875 03/01/27   50 49,672
20

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
United States (cont’d.)
     
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.,
Gtd. Notes, 144A
5.500 % 01/15/28   50  $47,804
Targa Resources Corp.,
Gtd. Notes
4.200 02/01/33   40 36,569
Taylor Morrison Communities, Inc.,          
Gtd. Notes, 144A 5.875 06/15/27   25 25,001
Sr. Unsec’d. Notes, 144A 5.125 08/01/30   10 9,551
     
 
Tenet Healthcare Corp.,
Gtd. Notes
6.125 10/01/28   50 49,709
Thermo Fisher Scientific, Inc.,
Sr. Unsec’d. Notes
3.650 11/21/34 EUR 100 110,742
T-Mobile USA, Inc.,          
Gtd. Notes 4.375 04/15/40   30 27,062
Gtd. Notes 4.500 04/15/50   40 34,995
     
 
Tri Pointe Homes, Inc.,
Gtd. Notes
5.700 06/15/28   50 49,309
Truist Financial Corp.,          
Sr. Unsec’d. Notes, MTN 5.435(ff) 01/24/30   120 121,061
Sr. Unsec’d. Notes, MTN 5.867(ff) 06/08/34   25 25,560
Sr. Unsec’d. Notes, MTN 7.161(ff) 10/30/29   90 97,137
     
 
U.S. Bancorp,
Jr. Sub. Notes
3.700(ff) 01/15/27(oo)   200 173,248
UGI International LLC,
Gtd. Notes, 144A
2.500 12/01/29 EUR 150 143,072
United Airlines 2019-2 Class AA Pass-Through Trust,
Pass-Through Certificates
2.700 11/01/33   21 17,753
United Airlines, Inc.,          
Sr. Sec’d. Notes, 144A 4.375 04/15/26   60 57,932
Sr. Sec’d. Notes, 144A 4.625 04/15/29   10 9,263
     
 
United Rentals North America, Inc.,
Gtd. Notes
5.250 01/15/30   60 58,947
Univision Communications, Inc.,
Sr. Sec’d. Notes, 144A
8.000 08/15/28   30 30,504
US Bancorp,
Sr. Unsec’d. Notes
5.384(ff) 01/23/30   130 131,508
Vector Group Ltd.,
Sr. Sec’d. Notes, 144A
5.750 02/01/29   125 115,321
Ventas Realty LP,
Gtd. Notes
2.500 09/01/31   130 106,892
Venture Global Calcasieu Pass LLC,          
Sr. Sec’d. Notes, 144A 3.875 08/15/29   5 4,467
21

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
United States (cont’d.)
Venture Global Calcasieu Pass LLC, (cont’d.)          
Sr. Sec’d. Notes, 144A 4.125 % 08/15/31   5  $4,426
Verizon Communications, Inc.,          
Sr. Unsec’d. Notes 2.550 03/21/31   31 26,650
Sr. Unsec’d. Notes 2.650 11/20/40   45 32,217
Sr. Unsec’d. Notes 3.400 03/22/41   20 15,812
Viatris, Inc.,          
Gtd. Notes 3.850 06/22/40   110 83,235
Gtd. Notes 4.000 06/22/50   10 7,073
     
 
VICI Properties LP,
Sr. Unsec’d. Notes
4.950 02/15/30   160 155,181
Vistra Corp.,          
Jr. Sub. Notes, 144A 7.000(ff) 12/15/26(oo)   25 24,363
Jr. Sub. Notes, 144A 8.000(ff) 10/15/26(oo)   125 125,444
Vistra Operations Co. LLC,          
Gtd. Notes, 144A 5.000 07/31/27   45 43,586
Gtd. Notes, 144A 5.625 02/15/27   75 73,953
Warnermedia Holdings, Inc.,          
Gtd. Notes 3.755 03/15/27   100 96,051
Gtd. Notes 5.050 03/15/42   65 57,623
Gtd. Notes 5.141 03/15/52   130 111,871
Wells Fargo & Co.,          
Sr. Unsec’d. Notes, MTN 2.164(ff) 02/11/26   85 82,120
Sr. Unsec’d. Notes, MTN 2.879(ff) 10/30/30   130 115,754
Sr. Unsec’d. Notes, MTN 5.198(ff) 01/23/30   240 241,722
Welltower OP LLC,          
Gtd. Notes 2.050 01/15/29   50 43,920
Gtd. Notes 3.100 01/15/30   70 63,392
     
 
Williams Cos., Inc. (The),
Sr. Unsec’d. Notes
3.500 10/15/51   30 21,690
WPC Eurobond BV,
Gtd. Notes
0.950 06/01/30 EUR 100 89,669
XPO, Inc.,
Gtd. Notes, 144A
7.125 02/01/32   25 25,499
          17,625,624
     
 
Total Corporate Bonds
(cost $42,316,947)
39,468,909
22

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Floating Rate and Other Loans 0.0%
Jamaica 0.0%
Digicel International Finance Ltd.,
Term Loan, 3 Month SOFR + 6.750%
12.063 %(c) 05/29/27   10  $9,322
United States 0.0%
Diamond Sports Group LLC,          
First Lien Term Loan, 1 Month SOFR + 10.100% 12.775(c) 05/25/26   5 5,040
Second Lien Term Loan 8.175(c) 08/24/26   149 9,691
          14,731
     
 
Total Floating Rate and Other Loans
(cost $70,269)
24,053
Municipal Bond 0.1%
Puerto Rico 
Commonwealth of Puerto Rico,
General Obligation, Sub-Series C
(cost $150,612)
0.000(cc) 11/01/43   265 147,115
Residential Mortgage-Backed Securities 1.9%
United States 
Connecticut Avenue Securities Trust,          
Series 2022-R03, Class 1B1, 144A, 30 Day Average SOFR + 6.250% (Cap N/A, Floor 0.000%) 11.595(c) 03/25/42   25 27,826
Series 2022-R04, Class 1B1, 144A, 30 Day Average SOFR + 5.250% (Cap N/A, Floor 0.000%) 10.595(c) 03/25/42   20 21,649
Series 2023-R05, Class 1M2, 144A, 30 Day Average SOFR + 3.100% (Cap N/A, Floor 3.100%) 8.444(c) 06/25/43   100 105,168
Series 2023-R06, Class 1M2, 144A, 30 Day Average SOFR + 2.700% (Cap N/A, Floor 0.000%) 8.045(c) 07/25/43   100 103,914
Series 2023-R08, Class 1M2, 144A, 30 Day Average SOFR + 2.500% (Cap N/A, Floor 0.000%) 7.845(c) 10/25/43   30 31,004
     
 
Eagle Re Ltd.,
Series 2023-01, Class M1A, 144A, 30 Day Average SOFR + 2.000% (Cap N/A, Floor 2.000%)
7.345(c) 09/26/33   150 150,494
FHLMC Structured Agency Credit Risk REMIC Trust,          
Series 2020-HQA05, Class B1, 144A, 30 Day Average SOFR + 4.000% (Cap N/A, Floor 0.000%) 9.345(c) 11/25/50   35 38,691
Series 2020-HQA05, Class M2, 144A, 30 Day Average SOFR + 2.600% (Cap N/A, Floor 0.000%) 7.945(c) 11/25/50   74 75,450
23

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Residential Mortgage-Backed Securities (Continued)
United States (cont’d.)
FHLMC Structured Agency Credit Risk REMIC Trust, (cont’d.)          
Series 2021-DNA01, Class B1, 144A, 30 Day Average SOFR + 2.650% (Cap N/A, Floor 0.000%) 7.995 %(c) 01/25/51   10  $10,406
Series 2021-DNA01, Class M2, 144A, 30 Day Average SOFR + 1.800% (Cap N/A, Floor 0.000%) 7.145(c) 01/25/51   52 52,984
Series 2021-DNA03, Class B1, 144A, 30 Day Average SOFR + 3.500% (Cap N/A, Floor 0.000%) 8.845(c) 10/25/33   45 49,416
Series 2021-DNA03, Class M2, 144A, 30 Day Average SOFR + 2.100% (Cap N/A, Floor 0.000%) 7.445(c) 10/25/33   110 111,307
Series 2021-DNA05, Class M2, 144A, 30 Day Average SOFR + 1.650% (Cap N/A, Floor 0.000%) 6.995(c) 01/25/34   12 12,250
Series 2021-HQA03, Class M2, 144A, 30 Day Average SOFR + 2.100% (Cap N/A, Floor 0.000%) 7.445(c) 09/25/41   70 70,304
Series 2022-DNA01, Class M1B, 144A, 30 Day Average SOFR + 1.850% (Cap N/A, Floor 0.000%) 7.195(c) 01/25/42   100 100,188
Series 2022-DNA03, Class M1B, 144A, 30 Day Average SOFR + 2.900% (Cap N/A, Floor 0.000%) 8.245(c) 04/25/42   140 145,250
     
 
GCAT Asset-Backed Notes,
Series 2021-01, Class A1, 144A
2.487 11/25/49   126 120,310
Legacy Mortgage Asset Trust,          
Series 2019-PR01, Class A1, 144A 7.858 09/25/59   47 46,684
Series 2020-GS01, Class A1, 144A 6.882 10/25/59   59 58,801
     
 
MFA Trust,
Series 2021-RPL01, Class A1, 144A
1.131(cc) 07/25/60   142 126,133
Oaktown Re VII Ltd.,
Series 2021-02, Class M1A, 144A, 30 Day Average SOFR + 1.600% (Cap N/A, Floor 1.600%)
6.945(c) 04/25/34   174 174,265
PMT Credit Risk Transfer Trust,
Series 2023-01R, Class A, 144A, 30 Day Average SOFR + 4.400% (Cap N/A, Floor 0.000%)
9.743(c) 03/27/25   183 185,488
PNMAC GMSR Issuer Trust,
Series 2018-GT02, Class A, 144A, 1 Month SOFR + 3.515% (Cap N/A, Floor 0.115%)
8.851(c) 08/25/25   65 65,712
Radnor Re Ltd.,
Series 2023-01, Class M1A, 144A, 30 Day Average SOFR + 2.700% (Cap N/A, Floor 2.700%)
8.045(c) 07/25/33   150 151,107
     
 
Total Residential Mortgage-Backed Securities
(cost $2,018,825)
2,034,801
24

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds 21.3%
Andorra 0.2%
Andorra International Bond,
Sr. Unsec’d. Notes, EMTN
1.250 % 05/06/31 EUR 200  $184,173
Austria 0.2%
Republic of Austria Government International Bond,
Sr. Unsec’d. Notes, 144A, MTN
5.375 12/01/34 CAD 280 228,124
Brazil 0.8%
Brazil Minas SPE via State of Minas Gerais,
Gov’t. Gtd. Notes
5.333 02/15/28   846 833,545
Bulgaria 0.3%
Bulgaria Government International Bond,          
Sr. Unsec’d. Notes 1.375 09/23/50 EUR 100 65,112
Sr. Unsec’d. Notes 4.125 09/23/29 EUR 100 110,907
Sr. Unsec’d. Notes, GMTN 3.125 03/26/35 EUR 100 99,019
          275,038
Canada 0.1%
Province of British Columbia,
Unsec’d. Notes
2.950 06/18/50 CAD 65 38,582
Province of Nova Scotia,
Unsec’d. Notes
3.450 06/01/45 CAD 50 32,353
Province of Saskatchewan,
Unsec’d. Notes
3.300 06/02/48 CAD 100 63,142
          134,077
Chile 0.1%
Chile Government International Bond,
Sr. Unsec’d. Notes
1.440 02/01/29 EUR 115 112,629
China 0.8%
China Government Bond,          
Sr. Unsec’d. Notes 3.600 06/27/28 CNH 2,000 288,632
Sr. Unsec’d. Notes 3.950 06/29/43 CNH 1,500 228,992
Sr. Unsec’d. Notes 4.000 11/30/35 CNH 500 75,886
Sr. Unsec’d. Notes 4.400 12/12/46 CNH 500 81,766
     
 
25

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
China (cont’d.)
     
China Government International Bond,
Sr. Unsec’d. Notes
0.250 % 11/25/30 EUR 100  $89,450
Export-Import Bank of China (The),
Sr. Unsec’d. Notes
4.400 05/14/24 CNH 1,000 139,815
          904,541
Colombia 0.8%
Colombia Government International Bond,          
Sr. Unsec’d. Notes 3.000 01/30/30   200 165,600
Sr. Unsec’d. Notes 9.850 06/28/27 COP 200,000 49,147
Sr. Unsec’d. Notes, EMTN 3.875 03/22/26 EUR 600 635,452
          850,199
Croatia 0.4%
Croatia Government International Bond,          
Sr. Unsec’d. Notes 1.125 06/19/29 EUR 200 195,931
Sr. Unsec’d. Notes 1.125 03/04/33 EUR 300 270,513
          466,444
Cyprus 0.8%
Cyprus Government International Bond,          
Sr. Unsec’d. Notes, EMTN 0.625 01/21/30 EUR 100 94,443
Sr. Unsec’d. Notes, EMTN 0.950 01/20/32 EUR 300 276,700
Sr. Unsec’d. Notes, EMTN 1.250 01/21/40 EUR 20 15,434
Sr. Unsec’d. Notes, EMTN 2.375 09/25/28 EUR 100 105,623
Sr. Unsec’d. Notes, EMTN 2.750 06/27/24 EUR 100 107,599
Sr. Unsec’d. Notes, EMTN 2.750 02/26/34 EUR 200 207,283
Sr. Unsec’d. Notes, EMTN 2.750 05/03/49 EUR 30 26,609
Sr. Unsec’d. Notes, EMTN 4.250 11/04/25 EUR 50 55,246
          888,937
Denmark 0.0%
Denmark Government Bond,
Bonds, Series 30YR
0.250 11/15/52 DKK 300 23,828
Dominican Republic 0.1%
Dominican Republic International Bond,
Sr. Unsec’d. Notes
5.950 01/25/27   100 100,050
26

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Estonia 0.2%
Estonia Government International Bond,
Sr. Unsec’d. Notes
4.000 % 10/12/32 EUR 200  $228,825
France 0.1%
Caisse Francaise de Financement Local,
Covered Bonds, EMTN
4.680 03/09/29 CAD 200 150,340
Germany 0.2%
Bundesrepublik Deutschland Bundesanleihe,          
Bonds(k) 0.000 08/15/31 EUR 100 92,938
Bonds 1.700 08/15/32 EUR 110 115,485
          208,423
Greece 2.2%
Hellenic Republic Government Bond,          
Bonds 4.300 02/24/24 EUR 21 22,025
Bonds 4.300 02/24/25 EUR 13 14,130
Bonds 4.300 02/24/26 EUR 34 36,213
Bonds 4.300 02/24/27 EUR 145 156,371
Bonds 4.300 02/24/28 EUR 42 45,144
Bonds 4.300 02/24/29 EUR 25 27,101
Bonds 4.300 02/24/30 EUR 10 10,809
Bonds 4.300 02/24/31 EUR 23 24,792
Bonds 4.300 02/24/32 EUR 24 25,745
Bonds 4.300 02/24/33 EUR 46 48,775
Bonds 4.300 02/24/34 EUR 22 23,285
Bonds 4.300 02/24/35 EUR 33 34,897
Bonds 4.300 02/24/36 EUR 24 24,675
Bonds 4.300 02/24/37 EUR 16 16,992
Bonds 4.300 02/24/38 EUR 15 15,899
Bonds 4.300 02/24/39 EUR 23 24,194
Bonds 4.300 02/24/40 EUR 23 22,278
Bonds 4.300 02/24/41 EUR 23 22,007
Bonds 4.300 02/24/42 EUR 37 38,768
Bonds, 144A 0.750 06/18/31 EUR 500 460,239
Sr. Unsec’d. Notes, 144A 1.875 02/04/35 EUR 1,019 948,792
Sr. Unsec’d. Notes, 144A 1.875 01/24/52 EUR 345 258,661
     
 
Hellenic Republic Government International Bond,
Sr. Unsec’d. Notes
5.200 07/17/34 EUR 55 65,204
          2,366,996
27

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Hong Kong 0.3%
Airport Authority,
Sr. Unsec’d. Notes, 144A
2.500 % 01/12/32   245  $210,166
Hong Kong Government International Bond,
Sr. Unsec’d. Notes, GMTN
1.000 11/24/41 EUR 200 141,572
          351,738
Hungary 0.3%
Hungary Government International Bond,          
Sr. Unsec’d. Notes 1.750 10/10/27 EUR 100 100,944
Sr. Unsec’d. Notes 1.750 06/05/35 EUR 100 80,917
Sr. Unsec’d. Notes, 144A 2.125 09/22/31   200 159,000
          340,861
Iceland 0.1%
Iceland Government International Bond,
Sr. Unsec’d. Notes
0.000 04/15/28 EUR 100 94,574
India 0.1%
Export-Import Bank of India,
Sr. Unsec’d. Notes, EMTN
3.450 06/25/26 CNH 1,000 138,074
Indonesia 1.2%
Indonesia Government International Bond,          
Sr. Unsec’d. Notes 0.900 02/14/27 EUR 100 99,424
Sr. Unsec’d. Notes 1.100 03/12/33 EUR 300 256,126
Sr. Unsec’d. Notes 1.300 03/23/34 EUR 300 254,100
Sr. Unsec’d. Notes 1.450 09/18/26 EUR 100 101,991
Sr. Unsec’d. Notes 1.750 04/24/25 EUR 200 210,146
Sr. Unsec’d. Notes 3.375 07/30/25 EUR 100 107,116
Sr. Unsec’d. Notes, EMTN 3.750 06/14/28 EUR 200 216,951
          1,245,854
Israel 0.4%
Israel Government Bond - Fixed,
Bonds, Series 0537
1.500 05/31/37 ILS 300 57,556
Israel Government International Bond,          
Sr. Unsec’d. Notes, EMTN 1.500 01/18/27 EUR 100 99,726
Sr. Unsec’d. Notes, EMTN 1.500 01/16/29 EUR 270 256,824
          414,106
28

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Italy 2.6%
Italy Buoni Poliennali Del Tesoro,          
Sr. Unsec’d. Notes, Series 10Y, 144A 0.950 % 12/01/31 EUR 100  $89,884
Sr. Unsec’d. Notes, Series 16YR, 144A 1.450 03/01/36 EUR 250 207,527
Sr. Unsec’d. Notes, Series 21YR, 144A 1.800 03/01/41 EUR 715 554,474
Sr. Unsec’d. Notes, Series 26YR, 144A 3.350 03/01/35 EUR 335 347,169
Sr. Unsec’d. Notes, Series 31Y, 144A 1.700 09/01/51 EUR 150 98,230
Sr. Unsec’d. Notes, Series 50YR, 144A 2.800 03/01/67 EUR 105 81,985
     
 
Region of Lazio,
Sr. Unsec’d. Notes
3.088 03/31/43 EUR 167 162,539
Repubic of Italy Government International Bond Coupon Strips,
Sr. Unsec’d. Notes
1.737(n) 02/20/31 EUR 85 71,721
Republic of Italy Government International Bond,          
Sr. Unsec’d. Notes 2.875 10/17/29   200 179,341
Sr. Unsec’d. Notes, EMTN 5.200 07/31/34 EUR 300 351,696
Sr. Unsec’d. Notes, EMTN 5.345 01/27/48 EUR 50 57,955
Sr. Unsec’d. Notes, EMTN 6.000 08/04/28 GBP 100 131,505
Sr. Unsec’d. Notes, MTN 5.125 07/31/24 EUR 350 379,456
Sr. Unsec’d. Notes, MTN 5.375 06/15/33   100 100,073
          2,813,555
Kazakhstan 0.3%
Kazakhstan Government International Bond,          
Sr. Unsec’d. Notes, EMTN 0.600 09/30/26 EUR 200 200,267
Sr. Unsec’d. Notes, EMTN 2.375 11/09/28 EUR 115 119,076
          319,343
Latvia 0.3%
Latvia Government International Bond,
Sr. Unsec’d. Notes, GMTN
0.250 01/23/30 EUR 300 270,284
Lithuania 0.2%
Lithuania Government International Bond,
Sr. Unsec’d. Notes, EMTN
2.125 10/22/35 EUR 200 188,258
Mexico 1.1%
Mexico Government International Bond,          
Sr. Unsec’d. Notes 2.375 02/11/30 EUR 100 98,479
Sr. Unsec’d. Notes 2.875 04/08/39 EUR 200 169,940
Sr. Unsec’d. Notes, EMTN 1.750 04/17/28 EUR 100 99,911
29

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Mexico (cont’d.)
Mexico Government International Bond, (cont’d.)          
Sr. Unsec’d. Notes, GMTN 6.750 % 02/06/24 GBP 100  $126,705
Sr. Unsec’d. Notes, Series 19 1.440 07/24/24 JPY 100,000 681,094
          1,176,129
New Zealand 0.1%
New Zealand Local Government Funding Agency Bond,
Local Gov’t. Gtd. Notes
3.500 04/14/33 NZD 100 53,446
Panama 0.3%
Panama Government International Bond,          
Sr. Unsec’d. Notes 3.160 01/23/30   200 167,100
Sr. Unsec’d. Notes 3.875 03/17/28   200 182,600
          349,700
Peru 0.4%
Peru Government Bond,
Sr. Unsec’d. Notes
6.150 08/12/32 PEN 30 7,737
Peruvian Government International Bond,          
Sr. Unsec’d. Notes 1.250 03/11/33 EUR 105 88,793
Sr. Unsec’d. Notes 2.750 01/30/26 EUR 300 318,212
Sr. Unsec’d. Notes 6.900 08/12/37 PEN 100 26,528
          441,270
Philippines 0.5%
Philippine Government International Bond,          
Sr. Unsec’d. Notes 0.700 02/03/29 EUR 500 470,023
Sr. Unsec’d. Notes 1.750 04/28/41 EUR 100 75,244
          545,267
Portugal 0.9%
Portugal Obrigacoes do Tesouro OT,          
Sr. Unsec’d. Notes, 144A 0.300 10/17/31 EUR 200 181,134
Sr. Unsec’d. Notes, 144A 0.900 10/12/35 EUR 150 128,378
Sr. Unsec’d. Notes, 144A 1.000 04/12/52 EUR 260 156,836
Sr. Unsec’d. Notes, 144A 1.150 04/11/42 EUR 85 64,459
Sr. Unsec’d. Notes, 144A 4.100 04/15/37 EUR 195 232,375
30

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Portugal (cont’d.)
Portugal Obrigacoes do Tesouro OT, (cont’d.)          
Sr. Unsec’d. Notes, 144A 4.100 % 02/15/45 EUR 135  $160,342
Sr. Unsec’d. Notes, Series 15YR, 144A 2.250 04/18/34 EUR 50 51,005
          974,529
Qatar 0.2%
Qatar Government International Bond,
Sr. Unsec’d. Notes, 144A
3.400 04/16/25   200 196,000
Romania 0.5%
Romanian Government International Bond,          
Sr. Unsec’d. Notes, 144A, MTN 2.125 03/07/28 EUR 180 177,262
Sr. Unsec’d. Notes, EMTN 1.750 07/13/30 EUR 200 176,640
Sr. Unsec’d. Notes, EMTN 3.500 04/03/34 EUR 50 45,930
Sr. Unsec’d. Notes, EMTN 3.875 10/29/35 EUR 100 91,762
Unsec’d. Notes, 144A, MTN 2.124 07/16/31 EUR 50 43,517
          535,111
Saudi Arabia 0.3%
Saudi Government International Bond,
Sr. Unsec’d. Notes
2.000 07/09/39 EUR 425 346,770
Serbia 0.7%
Serbia International Bond,          
Sr. Unsec’d. Notes 1.650 03/03/33 EUR 100 79,297
Sr. Unsec’d. Notes 3.125 05/15/27 EUR 250 258,017
Sr. Unsec’d. Notes, 144A 2.125 12/01/30   200 159,500
Sr. Unsec’d. Notes, EMTN 2.050 09/23/36 EUR 300 224,110
          720,924
Singapore 0.0%
Singapore Government Bond,
Bonds
2.750 03/01/46 SGD 40 29,048
Slovakia 0.1%
Slovakia Government Bond,
Unsec’d. Notes, Series 242
0.375 04/21/36 EUR 200 147,366
31

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Slovenia 0.8%
Slovenia Government Bond,
Unsec’d. Notes, Series RS86
0.000 % 02/12/31 EUR 300  $265,654
Slovenia Government International Bond,
Bonds, 144A
5.000 09/19/33   600 611,016
          876,670
South Korea 0.1%
Export-Import Bank of Korea,
Sr. Unsec’d. Notes, EMTN
3.625 09/18/27 EUR 100 109,956
Spain 1.3%
Autonomous Community of Catalonia,          
Sr. Unsec’d. Notes 4.220 04/26/35 EUR 100 109,203
Sr. Unsec’d. Notes, EMTN 5.900 05/28/30 EUR 50 59,570
Spain Government Bond,          
Sr. Unsec’d. Notes, 144A 0.500 04/30/30 EUR 35 33,000
Sr. Unsec’d. Notes, 144A 0.500 10/31/31 EUR 250 226,042
Sr. Unsec’d. Notes, 144A 0.850 07/30/37 EUR 110 86,453
Sr. Unsec’d. Notes, 144A 1.000 10/31/50 EUR 190 112,000
Sr. Unsec’d. Notes, 144A 1.850 07/30/35 EUR 285 267,670
Sr. Unsec’d. Notes, 144A 3.450 07/30/43 EUR 300 314,971
Sr. Unsec’d. Notes, 144A 3.450 07/30/66 EUR 60 58,832
     
 
Spain Government International Bond,
Sr. Unsec’d. Notes, EMTN
5.250 04/06/29 GBP 100 130,703
          1,398,444
Ukraine 0.1%
Ukraine Government International Bond,
Sr. Unsec’d. Notes
4.375 01/27/32(d) EUR 281 63,468
United Arab Emirates 0.2%
UAE International Government Bond,
Sr. Unsec’d. Notes, 144A, MTN
2.000 10/19/31   205 171,944
United Kingdom 0.6%
Isle of Man Government International Bond,          
Unsec’d. Notes 5.375 08/14/34 GBP 100 132,519
Unsec’d. Notes 5.625 03/29/30 GBP 100 134,792
32

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
United Kingdom (cont’d.)
     
 
United Kingdom Gilt,
Bonds
4.250 % 12/07/46 GBP 330  $406,725
          674,036
Uruguay 0.0%
Uruguay Government International Bond,
Sr. Unsec’d. Notes
4.375 10/27/27   39 39,368
     
 
Total Sovereign Bonds
(cost $27,110,231)
22,982,262
U.S. Government Agency Obligations 0.1%
Federal Home Loan Bank 3.280 03/28/29 USD 9 8,110
Tennessee Valley Authority
Sr. Unsec’d. Notes
5.625 06/07/32 GBP 100 133,827
     
 
Total U.S. Government Agency Obligations
(cost $191,294)
141,937
U.S. Treasury Obligations 15.6%
U.S. Treasury Bonds(k) 1.875 02/15/41   2,255 1,596,470
U.S. Treasury Bonds(k) 2.375 05/15/51   145 100,322
U.S. Treasury Bonds(k) 2.750 08/15/47   280 213,544
U.S. Treasury Bonds 3.000 02/15/47   1,650 1,322,836
U.S. Treasury Bonds 3.000 08/15/48   2,040 1,622,119
U.S. Treasury Bonds 3.250 05/15/42   750 648,750
U.S. Treasury Bonds 3.875 05/15/43   600 563,812
U.S. Treasury Bonds(k) 4.375 08/15/43   2,635 2,654,351
U.S. Treasury Notes(k) 1.125 02/15/31   1,490 1,242,986
U.S. Treasury Notes 2.750 08/15/32   1,280 1,169,800
U.S. Treasury Notes 4.875 11/30/25   3,956 3,996,950
U.S. Treasury Notes 5.000 08/31/25   500 504,609
U.S. Treasury Notes 5.000 09/30/25   1,215 1,227,482
     
 
Total U.S. Treasury Obligations
(cost $17,232,026)
16,864,031
    
33

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description     Shares Value
Common Stock 0.0%
Jamaica 
Digicel International Finance Ltd.*
(cost $12,000)
      9,899  $17,819
Preferred Stock 0.0%
Jamaica 
Digicel International Finance Ltd.
*^
(cost $27,720)
      3,189 31,890
Unaffiliated Exchange-Traded Funds 1.0%
iShares Floating Rate Bond ETF       13,700 697,878
iShares Preferred & Income Securities ETF       10,000 320,600
     
 
Total Unaffiliated Exchange-Traded Funds
(cost $1,011,465)
1,018,478
     
 
 
Total Long-Term Investments
(cost $113,998,199)
106,033,855
 
Short-Term Investment 0.9%
Affiliated Mutual Fund 
PGIM Core Government Money Market Fund (7-day effective yield 5.560%)
(cost $928,651)(wb)
    928,651 928,651
 
TOTAL INVESTMENTS99.0%
(cost $114,926,850)
106,962,506
Other assets in excess of liabilities(z) 1.0% 1,128,283
 
Net Assets 100.0% $108,090,789

Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
    
AUD—Australian Dollar
CAD—Canadian Dollar
CHF—Swiss Franc
CLP—Chilean Peso
CNH—Chinese Renminbi
COP—Colombian Peso
CZK—Czech Koruna
DKK—Danish Krone
EUR—Euro
GBP—British Pound
HUF—Hungarian Forint
IDR—Indonesian Rupiah
ILS—Israeli Shekel
34

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
JPY—Japanese Yen
KRW—South Korean Won
MXN—Mexican Peso
MYR—Malaysian Ringgit
NOK—Norwegian Krone
NZD—New Zealand Dollar
PEN—Peruvian Nuevo Sol
PLN—Polish Zloty
SEK—Swedish Krona
SGD—Singapore Dollar
THB—Thai Baht
TWD—New Taiwanese 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.
A—Annual payment frequency for swaps
BARC—Barclays Bank PLC
BBR—New Zealand Bank Bill Rate
BBSW—Australian Bank Bill Swap Reference Rate
BNP—BNP Paribas S.A.
BNYM—Bank of New York Mellon
BOA—Bank of America, N.A.
BUBOR—Budapest Interbank Offered Rate
CDOR—Canadian Dollar Offered Rate
CDX—Credit Derivative Index
CIBOR—Copenhagen Interbank Offered Rate
CITI—Citibank, N.A.
CLO—Collateralized Loan Obligation
CLOIS—Sinacofi Chile Interbank Rate Average
CME—Chicago Mercantile Exchange
CORRA—Canadian Overnight Repo Rate Average
DAC—Designated Activity Company
DB—Deutsche Bank AG
EMTN—Euro Medium Term Note
ETF—Exchange-Traded Fund
EURIBOR—Euro Interbank Offered Rate
EuroSTR—Euro Short-Term Rate
FHLMC—Federal Home Loan Mortgage Corporation
GMTN—Global Medium Term Note
GSI—Goldman Sachs International
HICP—Harmonised Index of Consumer Prices
HSBC—HSBC Bank PLC
ICE—Intercontinental Exchange
IO—Interest Only (Principal amount represents notional)
JPM—JPMorgan Chase Bank N.A.
KLIBOR—Kuala Lumpur Interbank Offered Rate
KWCDC—Korean Won Certificate of Deposit
LP—Limited Partnership
MSI—Morgan Stanley & Co International PLC
MTN—Medium Term Note
NIBOR—Norwegian Interbank Offered Rate
OTC—Over-the-counter
PIK—Payment-in-Kind
35

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
PJSC—Public Joint-Stock Company
PRIBOR—Prague Interbank Offered Rate
Q—Quarterly payment frequency for swaps
REMIC—Real Estate Mortgage Investment Conduit
S—Semiannual payment frequency for swaps
SARON—Swiss Average Rate Overnight
SCB—Standard Chartered Bank
SOFR—Secured Overnight Financing Rate
SONIA—Sterling Overnight Index Average
SORA—Singapore Overnight Rate Average
SSB—State Street Bank & Trust Company
STIBOR—Stockholm Interbank Offered Rate
T—Swap payment upon termination
TAIBOR—Taiwan Interbank Offered Rate
THOR—Thai Overnight Repurchase Rate
TONAR—Tokyo Overnight Average Rate
USOIS—United States Overnight Index Swap
WIBOR—Warsaw Interbank Offered Rate
    
* Non-income producing security.
# 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 $79,292 and 0.1% of net assets.
(c) Variable rate instrument. The interest rate shown reflects the rate in effect at January 31, 2024.
(cc) Variable rate instrument. The rate shown is based on the latest available information as of January 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.
(d) Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity.
(f) Indicates a restricted security that is acquired in unregistered, private sales from the issuing company or from an affiliate of the issuer and is considered restricted as to disposition under federal securities law; the aggregate original cost of such securities is $—. The aggregate value of $3,038 is 0.0% of net assets.
(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.
(k) Represents security, or a portion thereof, segregated as collateral for centrally cleared/exchange-traded derivatives.
(n) Rate shown reflects yield to maturity at purchased date.
(oo) Perpetual security. Maturity date represents next call date.
(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.
(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:
Futures contracts outstanding at January 31, 2024:
Number
of
Contracts
  Type   Expiration
Date
  Current
Notional
Amount
  Value /
Unrealized
Appreciation
(Depreciation)
Long Positions:
18   3 Month CME SOFR   Jun. 2024    $4,271,175    $(1,444)
18   3 Month CME SOFR   Sep. 2024   4,292,550   99
18   3 Month CME SOFR   Dec. 2024   4,311,675   753
36

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Futures contracts outstanding at January 31, 2024 (continued):
Number
of
Contracts
  Type   Expiration
Date
  Current
Notional
Amount
  Value /
Unrealized
Appreciation
(Depreciation)
Long Positions (cont’d):
47   2 Year U.S. Treasury Notes   Mar. 2024    $9,665,844    $(323)
3   5 Year Euro-Bobl   Mar. 2024   384,286   1,532
15   10 Year U.S. Treasury Notes   Mar. 2024   1,684,922   9,511
27   10 Year U.S. Ultra Treasury Notes   Mar. 2024   3,155,625   6,619
                16,747
Short Positions:
59   3 Month CME SOFR   Mar. 2024   13,960,138   (2,689)
15   3 Month CME SOFR   Mar. 2025   3,606,563   (1,022)
15   3 Month CME SOFR   Jun. 2025   3,617,250   (524)
15   3 Month CME SOFR   Sep. 2025   3,624,563   (232)
15   3 Month CME SOFR   Dec. 2025   3,628,688   (335)
29   5 Year U.S. Treasury Notes   Mar. 2024   3,143,328   (8,393)
21   10 Year Euro-Bund   Mar. 2024   3,083,075   (62,519)
22   20 Year U.S. Treasury Bonds   Mar. 2024   2,691,563   (121,890)
32   British Pound Currency   Mar. 2024   2,543,000   (1,270)
113   Euro Currency   Mar. 2024   15,340,456   88,035
11   Euro Schatz Index   Mar. 2024   1,262,355   (3,872)
                (114,711)
                $(97,964)
Forward foreign currency exchange contracts outstanding at January 31, 2024:
Purchase
Contracts
  Counterparty   Notional
Amount
(000)
  Value at
Settlement
Date
  Current
Value
  Unrealized
Appreciation
  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts:
Australian Dollar,
Expiring 02/02/24   CITI   AUD 375    $246,910    $246,178    $   $(732)
British Pound,
Expiring 02/02/24   BNYM   GBP 1,271   1,614,694   1,610,905     (3,789)
Euro,
Expiring 02/02/24   JPM   EUR 10,017   10,894,568   10,826,744     (67,824)
Expiring 02/02/24   SSB   EUR 195   212,089   210,983     (1,106)
Expiring 03/04/24   BARC   EUR 191   207,862   206,822     (1,040)
Hungarian Forint,
Expiring 04/19/24   BOA   HUF 71,672   203,835   200,413     (3,422)
Japanese Yen,
Expiring 02/02/24   MSI   JPY 92,317   625,862   627,432   1,570  
Expiring 04/19/24   BOA   JPY 36,828   258,000   253,342     (4,658)
Norwegian Krone,
Expiring 04/19/24   CITI   NOK 553   53,227   52,670     (557)
37

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2024 (continued):
Purchase
Contracts
  Counterparty   Notional
Amount
(000)
  Value at
Settlement
Date
  Current
Value
  Unrealized
Appreciation
  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts (cont’d.):
Polish Zloty,
Expiring 04/19/24   HSBC   PLN 912    $226,092    $227,534    $1,442    $
South Korean Won,
Expiring 03/20/24   BARC   KRW 192,755   146,982   144,836     (2,146)
Swiss Franc,
Expiring 04/19/24   BNP   CHF 32   37,417   37,029     (388)
              $14,727,538   $14,644,888   3,012   (85,662)
    
Sale
Contracts
  Counterparty   Notional
Amount
(000)
  Value at
Settlement
Date
  Current
Value
  Unrealized
Appreciation
  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts:
Australian Dollar,
Expiring 02/02/24   CITI   AUD 375    $252,164    $246,178    $5,986    $
Expiring 03/04/24   CITI   AUD 375   247,151   246,442   709  
British Pound,
Expiring 02/02/24   BNYM   GBP 1,271   1,615,530   1,610,905   4,625  
Expiring 03/04/24   BNYM   GBP 1,271   1,614,986   1,611,322   3,664  
Canadian Dollar,
Expiring 04/19/24   BNP   CAD 574   426,998   427,266     (268)
Chinese Renminbi,
Expiring 04/24/24   MSI   CNH 23,183   3,246,453   3,243,139   3,314  
Expiring 04/24/24   MSI   CNH 959   134,401   134,174   227  
Colombian Peso,
Expiring 03/20/24   MSI   COP 273,723   67,820   69,661     (1,841)
Euro,
Expiring 02/02/24   JPM   EUR 10,213   11,189,836   11,037,727   152,109  
Expiring 03/04/24   JPM   EUR 10,017   10,907,915   10,841,591   66,324  
Expiring 04/19/24   MSI   EUR 202   220,647   218,936   1,711  
Expiring 04/19/24   MSI   EUR 154   168,797   167,505   1,292  
Israeli Shekel,
Expiring 03/20/24   CITI   ILS 167   45,161   45,764     (603)
Japanese Yen,
Expiring 02/02/24   CITI   JPY 92,317   640,826   627,431   13,395  
Expiring 03/04/24   MSI   JPY 92,317   628,863   630,663     (1,800)
Mexican Peso,
Expiring 03/20/24   HSBC   MXN 3,835   219,317   220,962     (1,645)
38

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2024 (continued):
Sale
Contracts
  Counterparty   Notional
Amount
(000)
  Value at
Settlement
Date
  Current
Value
  Unrealized
Appreciation
  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts (cont’d.):
Singapore Dollar,
Expiring 03/20/24   BNYM   SGD 41    $30,310    $30,267    $43    $
              $31,657,175   $31,409,933   253,399   (6,157)
                      $256,411   $(91,819)
Credit default swap agreements outstanding at January 31, 2024:
Reference
Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1):
Gazprom PAO   06/20/24   1.000%(Q)     134    $8,922    $10,295    $(1,373)   HSBC
Gazprom PAO   06/20/24   1.000%(Q)     121   8,057   14,895   (6,838)   BARC
Kingdom of Morocco   12/20/27   1.000%(Q)     115   (800)   2,404   (3,204)   BNP
Republic of Italy   12/20/27   1.000%(Q)   EUR 70   (1,725)   (2,055)   330   BARC
Republic of South Africa   12/20/28   1.000%(Q)     400   21,454   37,390   (15,936)   MSI
                    $35,908   $62,929   $(27,021)    
    
Reference
Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Implied
Credit
Spread at
January 31,
2024(4)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2):
DP World PLC   12/20/24   1.000%(Q)     100   0.574%    $491    $83    $408   BARC
Emirate of Abu Dhabi   06/20/24   1.000%(Q)     110   0.130%   500   365   135   BNP
Generalitat de Catalunya   12/20/25   1.000%(Q)     100   0.245%   1,493   (360)   1,853   DB
Halliburton Co.   12/20/26   1.000%(Q)     50   0.317%   991   277   714   GSI
Hellenic Republic   12/20/31   1.000%(Q)     140   1.022%   (39)   (3,370)   3,331   BARC
International Bank for Reconstruction & Development   03/20/24   0.250%(Q)     740   0.155%   315   96   219   BOA
Kingdom of Spain   06/20/25   1.000%(Q)     1,000   0.149%   12,685   (2,553)   15,238   BOA
Kingdom of Spain   06/20/25   1.000%(Q)     170   0.149%   2,156   (453)   2,609   BOA
Kingdom of Spain   06/20/25   1.000%(Q)     15   0.149%   190   54   136   BARC
39

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Credit default swap agreements outstanding at January 31, 2024 (continued):
Reference
Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Implied
Credit
Spread at
January 31,
2024(4)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont’d.):
Republic of Estonia   12/20/26   1.000%(Q)     50   0.421%    $849    $273    $576   JPM
Republic of Italy   06/20/30   1.000%(Q)     100   0.986%   198   (1,837)   2,035   BARC
Republic of Panama   12/20/26   1.000%(Q)     45   1.403%   (432)   75   (507)   CITI
Republic of Poland   06/20/24   1.000%(Q)     145   0.136%   655   43   612   BNP
U.S. Treasury Notes   06/20/24   0.250%(Q)   EUR 245   0.214%   116   (149)   265   BNP
Verizon Communications, Inc.   06/20/26   1.000%(Q)     170   0.505%   2,110   1,700   410   GSI
                      $22,278   $(5,756)   $28,034    
    
Reference
Entity/
Obligation
Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Implied Credit
Spread at
January 31,
2024(4)
  Value at
Trade Date
  Value at
January 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)     8,895   3.607%    $88,773    $546,865    $458,092
CDX.NA.IG.41.V1 12/20/28   1.000%(Q)     2,880   0.564%   53,019   58,649   5,630
                      $141,792   $605,514   $463,722
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
40

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
  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.
    
Inflation swap agreements outstanding at January 31, 2024:
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
January 31,
2024
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Inflation Swap Agreement:
EUR 435   01/15/29   2.012%(T)   Eurostat Eurozone HICP ex Tobacco(1)(T)    $—    $(585)    $(585)
(1) The Fund pays the fixed rate and receives the floating rate.
(2) The Fund pays the floating rate and receives the fixed rate.
Interest rate swap agreements outstanding at January 31, 2024:
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
January 31,
2024
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements:
AUD 970   02/19/31   1.398%(S)   6 Month BBSW(2)(S)/ 4.435%    $(2,360)    $(113,758)    $(111,398)
AUD 225   12/03/33   2.800%(S)   6 Month BBSW(2)(S)/ 4.435%   (18,390)   (17,805)   585
AUD 85   12/03/38   2.900%(S)   6 Month BBSW(2)(S)/ 4.435%   (9,406)   (9,506)   (100)
CAD 1,230   04/03/25   0.970%(S)   3 Month CDOR(2)(S)/ 5.395%   (1,424)   (53,785)   (52,361)
CAD 455   12/03/27   3.650%(S)   1 Day CORRA(2)(S)/ 5.070%   3,714   588   (3,126)
41

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2024 (continued):
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
January 31,
2024
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements (cont’d.):
CAD 80   12/03/28   2.600%(S)   3 Month CDOR(2)(S)/ 5.395%    $398    $(3,288)    $(3,686)
CAD 340   12/03/29   2.650%(S)   3 Month CDOR(2)(S)/ 5.395%   (12,274)   (14,991)   (2,717)
CAD 70   12/03/29   3.500%(S)   1 Day CORRA(2)(S)/ 5.070%   835   234   (601)
CAD 315   12/03/30   3.500%(S)   1 Day CORRA(2)(S)/ 5.070%   (5,604)   1,493   7,097
CAD 60   12/03/32   2.700%(S)   3 Month CDOR(2)(S)/ 5.395%   (2,428)   (3,538)   (1,110)
CAD 50   01/09/38   2.720%(S)   3 Month CDOR(2)(S)/ 5.395%   (1)   (4,417)   (4,416)
CAD 120   12/03/40   2.800%(S)   3 Month CDOR(2)(S)/ 5.395%   15,389   (11,897)   (27,286)
CAD 60   12/03/43   3.550%(S)   1 Day CORRA(2)(S)/ 5.070%   (3,770)   291   4,061
CAD 50   05/30/47   2.240%(S)   3 Month CDOR(2)(S)/ 5.395%   (1,361)   (9,176)   (7,815)
CAD 295   12/03/51   2.800%(S)   3 Month CDOR(2)(S)/ 5.395%   (28,146)   (34,233)   (6,087)
CAD 105   12/03/53   3.300%(S)   1 Day CORRA(2)(S)/ 5.070%   (4,784)   53   4,837
CHF 70   04/03/28   0.410%(A)   1 Day SARON(2)(S)/ 1.698%   (194)   (2,594)   (2,400)
CHF 130   01/31/29   0.260%(A)   1 Day SARON(2)(S)/ 1.698%   (435)   (7,839)   (7,404)
CHF 300   05/08/31   2.000%(A)   1 Day SARON(2)(A)/ 1.698%   15,607   22,279   6,672
CHF 40   04/03/33   0.687%(A)   1 Day SARON(2)(S)/ 1.698%   (202)   (2,390)   (2,188)
CHF 100   12/15/41   0.025%(A)   1 Day SARON(2)(A)/ 1.698%   (19,374)   (24,870)   (5,496)
CLP 30,200   07/12/29   3.135%(S)   1 Day CLOIS(2)(S)/ 7.250%     (2,208)   (2,208)
CLP 190,000   02/06/33   5.200%(S)   1 Day CLOIS(1)(S)/ 7.250%     (3,225)   (3,225)
42

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2024 (continued):
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
January 31,
2024
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements (cont’d.):
CLP 76,000   02/23/33   5.570%(S)   1 Day CLOIS(1)(S)/ 7.250%    $   $(3,859)    $(3,859)
CLP 157,000   02/27/33   5.550%(S)   1 Day CLOIS(1)(S)/ 7.250%     (7,818)   (7,818)
CNH 700   03/13/24   2.945%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   (1)   151   152
CNH 1,400   04/01/24   2.923%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%     390   390
CNH 1,440   06/03/24   2.975%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%     877   877
CNH 2,220   06/20/24   2.900%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   (3)   1,171   1,174
CNH 1,500   09/03/24   2.860%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   (1)   1,263   1,264
CNH 1,500   10/10/24   2.860%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   (1)   1,335   1,336
CNH 1,680   11/01/24   3.120%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   (5)   2,467   2,472
CNH 1,200   02/04/25   2.600%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%     1,197   1,197
CNH 2,800   03/06/25   2.425%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   3   2,009   2,006
CNH 5,000   03/12/25   2.400%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   (2)   3,313   3,315
CNH 3,200   07/13/25   2.653%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   (4)   4,610   4,614
CNH 5,910   11/02/25   2.588%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   5   9,901   9,896
CNH 5,280   04/12/26   2.810%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   (9)   13,787   13,796
43

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2024 (continued):
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
January 31,
2024
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements (cont’d.):
CNH 7,230   08/04/27   2.388%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%    $   $12,054    $12,054
CNH 2,000   01/09/28   2.757%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   (74)   7,397   7,471
CNH 4,750   03/01/28   2.955%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%     23,152   23,152
CNH 1,925   04/26/28   2.790%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%     7,655   7,655
CNH 15,660   05/11/28   2.600%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   22,674   46,165   23,491
CNH 5,400   06/01/28   2.473%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%     11,761   11,761
CZK 5,145   03/31/30   0.710%(A)   6 Month PRIBOR(2)(S)/ 6.150%     (39,796)   (39,796)
DKK 500   04/08/32   1.581%(A)   6 Month CIBOR(2)(S)/ 3.933%   (3,056)   (6,230)   (3,174)
EUR 5,485   11/23/24   (0.046)%(A)   6 Month EURIBOR(2)(S)/ 3.835%     (220,920)   (220,920)
EUR 3,245   12/02/24   (0.285)%(A)   6 Month EURIBOR(2)(S)/ 3.835%     (136,683)   (136,683)
EUR 200   05/11/25   0.100%(A)   1 Day EuroSTR(1)(A)/ 3.894%   692   13,615   12,923
EUR 350   04/27/30   (0.016)%(A)   6 Month EURIBOR(2)(S)/ 3.835%     (58,933)   (58,933)
EUR 342   08/15/30   (0.191)%(A)   1 Day EuroSTR(2)(A)/ 3.894%   (125)   (62,557)   (62,432)
EUR 100   05/11/31   0.750%(A)   1 Day EuroSTR(1)(A)/ 3.894%   683   13,552   12,869
44

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2024 (continued):
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
January 31,
2024
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements (cont’d.):
EUR 235   10/30/32   1.302%(A)   6 Month EURIBOR(2)(S)/ 3.835%    $4,023    $(26,410)    $(30,433)
EUR 820   03/20/33   2.996%(A)   6 Month EURIBOR(2)(S)/ 3.835%     42,144   42,144
EUR 430   05/11/33   1.000%(A)   6 Month EURIBOR(2)(S)/ 3.835%   (7,142)   (60,231)   (53,089)
EUR 590   03/20/38   2.982%(A)   6 Month EURIBOR(1)(S)/ 3.835%     (33,284)   (33,284)
EUR 150   11/24/41   0.565%(A)   6 Month EURIBOR(1)(S)/ 3.835%     25,173   25,173
EUR 150   11/24/41   0.600%(A)   3 Month EURIBOR(2)(Q)/ 3.905%     (26,185)   (26,185)
EUR 364   11/25/41   0.629%(A)   6 Month EURIBOR(1)(S)/ 3.835%     59,253   59,253
EUR 364   11/25/41   0.663%(A)   3 Month EURIBOR(2)(Q)/ 3.905%     (61,751)   (61,751)
EUR 570   03/22/42   1.257%(A)   6 Month EURIBOR(1)(S)/ 3.835%     63,963   63,963
EUR 570   03/22/42   1.310%(A)   3 Month EURIBOR(2)(Q)/ 3.905%     (67,222)   (67,222)
EUR 400   02/24/43   2.910%(A)   6 Month EURIBOR(1)(S)/ 3.835%   332   (23,967)   (24,299)
EUR 400   02/24/43   2.960%(A)   3 Month EURIBOR(2)(Q)/ 3.905%   (200)   28,837   29,037
EUR 120   05/11/49   1.450%(A)   6 Month EURIBOR(2)(S)/ 3.835%   5,352   (24,745)   (30,097)
GBP 200   05/08/25   1.000%(A)   1 Day SONIA(2)(A)/ 5.188%   (14,051)   (18,713)   (4,662)
GBP 35   05/08/30   1.100%(A)   1 Day SONIA(1)(A)/ 5.188%   5,939   7,354   1,415
45

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2024 (continued):
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
January 31,
2024
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements (cont’d.):
GBP 155   05/08/37   1.200%(A)   1 Day SONIA(2)(A)/ 5.188%    $(47,398)    $(55,675)    $(8,277)
GBP 220   05/08/38   1.200%(A)   1 Day SONIA(2)(A)/ 5.188%   (75,995)   (83,709)   (7,714)
GBP 225   05/08/46   1.250%(A)   1 Day SONIA(2)(A)/ 5.188%   45,984   (114,636)   (160,620)
GBP 170   05/08/47   1.250%(A)   1 Day SONIA(2)(A)/ 5.188%   (32,480)   (88,992)   (56,512)
GBP 190   05/08/48   1.250%(A)   1 Day SONIA(2)(A)/ 5.188%   (96,152)   (101,541)   (5,389)
GBP 35   09/03/50   0.328%(A)   1 Day SONIA(2)(A)/ 5.188%     (26,120)   (26,120)
GBP 60   05/08/52   1.250%(A)   1 Day SONIA(2)(A)/ 5.188%   (3,574)   (34,807)   (31,233)
GBP 140   05/08/54   1.250%(A)   1 Day SONIA(2)(A)/ 5.188%   (73,465)   (83,430)   (9,965)
HUF 90,865   06/12/28   3.750%(A)   6 Month BUBOR(2)(S)/ 8.760%     (18,465)   (18,465)
JPY 130,000   03/06/25   0.197%(A)   1 Day TONAR(2)(A)/ (0.011)%     2,609   2,609
JPY 179,000   04/08/26   0.018%(S)   1 Day TONAR(2)(S)/ (0.011)%   7   (7,768)   (7,775)
JPY 59,000   12/18/27   0.290%(S)   1 Day TONAR(2)(S)/ (0.011)%   (450)   (2,702)   (2,252)
JPY 110,000   07/08/28   (0.050)%(A)   1 Day TONAR(2)(A)/ (0.011)%   (11,902)   (16,975)   (5,073)
JPY 119,700   07/31/28   0.268%(A)   1 Day TONAR(2)(A)/ (0.011)%     (6,077)   (6,077)
JPY 163,000   11/12/28   0.011%(S)   1 Day TONAR(2)(S)/ (0.011)%   5   (28,531)   (28,536)
JPY 25,000   07/08/29   (0.050)%(A)   1 Day TONAR(2)(A)/ (0.011)%   (3,080)   (5,508)   (2,428)
JPY 85,000   07/08/30   (0.050)%(A)   1 Day TONAR(2)(A)/ (0.011)%   (19,192)   (25,325)   (6,133)
JPY 60,000   07/08/31   0.000%(A)   1 Day TONAR(2)(A)/ (0.011)%   (16,477)   (21,510)   (5,033)
JPY 130,000   07/08/32   0.050%(A)   1 Day TONAR(2)(A)/ (0.011)%   (9,340)   (54,503)   (45,163)
JPY 53,000   12/18/32   0.516%(S)   1 Day TONAR(2)(S)/ (0.011)%   (899)   (11,628)   (10,729)
JPY 115,000   07/08/33   0.100%(A)   1 Day TONAR(2)(A)/ (0.011)%   (58,233)   (54,903)   3,330
46

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2024 (continued):
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
January 31,
2024
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements (cont’d.):
JPY 111,500   12/18/37   0.715%(S)   1 Day TONAR(2)(S)/ (0.011)%    $(2,824)    $(47,589)    $(44,765)
JPY 57,555   01/04/38   0.757%(S)   1 Day TONAR(2)(S)/ (0.011)%   (1,410)   (22,751)   (21,341)
JPY 11,780   12/03/38   0.600%(S)   1 Day TONAR(2)(S)/ (0.011)%   (6)   (7,155)   (7,149)
JPY 10,000   10/04/39   0.203%(S)   1 Day TONAR(2)(S)/ (0.011)%   (24)   (10,744)   (10,720)
JPY 21,500   12/03/39   0.650%(S)   1 Day TONAR(2)(S)/ (0.011)%   (11)   (13,818)   (13,807)
JPY 20,000   02/06/40   0.223%(S)   1 Day TONAR(2)(S)/ (0.011)%   (105)   (21,784)   (21,679)
JPY 25,000   07/08/42   0.300%(A)   1 Day TONAR(2)(A)/ (0.011)%   (17,873)   (29,754)   (11,881)
JPY 5,000   07/04/43   0.763%(S)   1 Day TONAR(2)(S)/ (0.011)%   (129)   (4,063)   (3,934)
JPY 45,000   07/08/43   0.300%(A)   1 Day TONAR(2)(A)/ (0.011)%   (44,591)   (57,806)   (13,215)
JPY 38,600   07/08/45   0.350%(A)   1 Day TONAR(2)(A)/ (0.011)%   (41,658)   (53,933)   (12,275)
JPY 91,700   12/18/47   0.918%(S)   1 Day TONAR(2)(S)/ (0.011)%   (3,154)   (80,925)   (77,771)
JPY 75,000   07/08/48   0.450%(A)   1 Day TONAR(2)(A)/ (0.011)%   (91,231)   (111,510)   (20,279)
JPY 25,000   07/08/49   0.450%(A)   1 Day TONAR(2)(A)/ (0.011)%   (38,810)   (38,861)   (51)
JPY 30,000   07/08/52   0.450%(A)   1 Day TONAR(2)(A)/ (0.011)%   (25,050)   (52,252)   (27,202)
KRW 761,000   08/04/24   3.145%(Q)   3 Month KWCDC(2)(Q)/ 3.680%     (2,460)   (2,460)
KRW 230,000   04/19/28   3.135%(Q)   3 Month KWCDC(2)(Q)/ 3.680%     (453)   (453)
KRW 979,000   09/10/28   2.043%(Q)   3 Month KWCDC(2)(Q)/ 3.680%   (19,218)   (38,467)   (19,249)
KRW 118,000   02/13/29   1.780%(Q)   3 Month KWCDC(2)(Q)/ 3.680%     (6,214)   (6,214)
KRW 33,500   04/17/29   1.740%(Q)   3 Month KWCDC(2)(Q)/ 3.680%     (1,773)   (1,773)
47

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2024 (continued):
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
January 31,
2024
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements (cont’d.):
KRW 470,000   04/27/30   1.065%(Q)   3 Month KWCDC(2)(Q)/ 3.680%    $(8,702)    $(42,787)    $(34,085)
KRW 461,780   03/10/33   3.150%(Q)   3 Month KWCDC(2)(Q)/ 3.680%   (4,561)   (1,697)   2,864
KRW 300,000   11/24/33   3.610%(Q)   3 Month KWCDC(2)(Q)/ 3.680%     7,814   7,814
NOK 1,680   03/15/27   2.103%(A)   6 Month NIBOR(2)(S)/ 4.840%   2,755   (8,435)   (11,190)
NZD 100   11/05/29   1.393%(S)   3 Month BBR(2)(Q)/ 5.670%     (9,611)   (9,611)
PLN 890   07/11/28   2.935%(A)   6 Month WIBOR(2)(S)/ 5.850%   14,247   (11,031)   (25,278)
PLN 760   08/30/31   1.765%(A)   6 Month WIBOR(2)(S)/ 5.850%     (36,604)   (36,604)
SEK 2,200   11/05/29   0.457%(A)   3 Month STIBOR(2)(Q)/ 4.093%   (3,035)   (25,054)   (22,019)
SGD 165   07/29/31   1.120%(S)   1 Day SORA(2)(S)/ 3.484%   864   (13,807)   (14,671)
THB 6,000   07/04/24   1.590%(Q)   1 Day THOR(2)(Q)/ 2.483%     (703)   (703)
THB 16,000   07/03/30   1.028%(Q)   1 Day THOR(2)(Q)/ 2.483%   (36,588)   (38,117)   (1,529)
TWD 14,600   02/17/28   1.390%(Q)   3 Month TAIBOR(1)(Q)/ 1.494%     567   567
TWD 8,480   07/21/33   1.410%(Q)   3 Month TAIBOR(1)(Q)/ 1.494%     2,746   2,746
  12,055   02/21/24   5.170%(T)   1 Day SOFR(2)(T)/ 5.320%     (12,386)   (12,386)
  11,440   07/30/24   5.159%(T)   1 Day SOFR(2)(T)/ 5.320%     2,622   2,622
  10,265   07/31/24   5.406%(T)   1 Day SOFR(2)(T)/ 5.320%     12,695   12,695
  19,100   08/14/24   5.298%(T)   1 Day SOFR(2)(T)/ 5.320%     8,000   8,000
48

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2024 (continued):
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
January 31,
2024
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements (cont’d.):
  10,290   10/04/24   5.472%(T)   1 Day SOFR(2)(T)/ 5.320%    $   $33,511    $33,511
  3,604   03/08/25   4.919%(A)   1 Day SOFR(2)(A)/ 5.320%     2,828   2,828
  1,795   09/25/26   4.699%(A)   1 Day SOFR(1)(A)/ 5.320%     (32,059)   (32,059)
  493   08/15/28   1.220%(A)   1 Day SOFR(1)(A)/ 5.320%     59,203   59,203
  1,265   09/05/28   4.027%(A)   1 Day SOFR(1)(A)/ 5.320%     (13,250)   (13,250)
  980   09/28/28   4.396%(A)   1 Day SOFR(1)(A)/ 5.320%     (28,002)   (28,002)
  1,100   11/07/28   4.223%(A)   1 Day SOFR(1)(A)/ 5.320%     (24,951)   (24,951)
                    $(782,936)   $(2,380,356)   $(1,597,420)
    
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Fair
Value
  Upfront
Premiums
Paid(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Interest Rate Swap Agreements:
CNH 2,100   07/31/30   2.515%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%    $5,828    $   $5,828   MSI
CNH 6,000   09/01/30   2.360%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   8,882     8,882   MSI
CNH 2,700   11/24/30   2.495%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   7,263     7,263   MSI
CNH 3,000   10/14/31   2.675%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   13,584     13,584   SCB
MYR 450   04/09/26   2.625%(Q)   3 Month KLIBOR(2)(Q)/ 3.570%   (1,725)   (8)   (1,717)   MSI
MYR 900   08/12/26   2.605%(Q)   3 Month KLIBOR(2)(Q)/ 3.570%   (4,302)   (7)   (4,295)   HSBC
MYR 200   07/11/29   3.528%(Q)   3 Month KLIBOR(2)(Q)/ 3.570%   (142)     (142)   MSI
49

PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2024 (continued):
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Fair
Value
  Upfront
Premiums
Paid(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Interest Rate Swap Agreements (cont’d.):
MYR 790   11/23/30   3.880%(Q)   3 Month KLIBOR(2)(Q)/ 3.570%    $2,039    $(1)    $2,040   MSI
MYR 200   04/07/32   3.870%(Q)   3 Month KLIBOR(2)(Q)/ 3.570%   335   (2)   337   CITI
MYR 230   07/12/32   3.650%(Q)   3 Month KLIBOR(2)(Q)/ 3.570%   (429)   (1)   (428)   GSI
                  $31,333   $(19)   $31,352    
    
(1) The Fund pays the fixed rate and receives the floating rate.
(2) The Fund pays the floating rate and receives the fixed rate.
    
Total return swap agreements outstanding at January 31, 2024:
Reference Entity   Financing
Rate
  Counterparty   Termination
Date
  Long (Short)
Notional
Amount
(000)#(1)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)(2)
OTC Total Return Swap Agreements:
ICE Bank of America 1-10 Year US Municipal Securities Index(T)   1 Day SOFR -245bps(T)/ 2.870%   DB   09/21/24   1,000    $27,426    $—    $27,426
U.S. Treasury Bonds(T)   1 Day USOIS +2 bps(T)/ 5.350%   JPM   02/02/24   625   (10,947)     (10,947)
                    $16,479   $—   $16,479
(1) On a long total return swap, the Fund receives payments for any positive return on the reference entity (makes payments for any negative return) and pays the financing rate. On a short total return swap, the Fund makes payments for any positive return on the reference entity (receives payments for any negative return) and receives the financing rate.
(2) Upfront/recurring fees or commissions, as applicable, are included in the net unrealized appreciation (depreciation).
Other information regarding the Fund is available in the Funds’ most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
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