NPORT-EX 2 PI62090PRU013124.htm
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2024 (unaudited)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Long-Term Investments 97.3%          
Asset-Backed Securities 12.3%
Canada 0.1%
Fairstone Financial Issuance Trust,
Series 2020-01A, Class A, 144A
2.509 % 10/20/39 CAD 1,194  $867,142
Ford Auto Securitization Trust,          
Series 2020-AA, Class B, 144A 1.872 06/15/26 CAD 400 285,571
Series 2020-AA, Class C, 144A 2.763 04/15/28 CAD 500 360,396
          1,513,109
Cayman Islands 3.6%
Battalion CLO Ltd.,
Series 2015-08A, Class A1R2, 144A, 3 Month SOFR + 1.332% (Cap N/A, Floor 1.070%)
6.630(c) 07/18/30   4,191 4,192,846
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   13,628 13,647,946
Carlyle US CLO Ltd.,
Series 2018-01A, Class A1, 144A, 3 Month SOFR + 1.282% (Cap N/A, Floor 0.000%)
6.599(c) 04/20/31   10,546 10,562,698
Elevation CLO Ltd.,
Series 2017-06A, Class A1, 144A, 3 Month SOFR + 1.542% (Cap N/A, Floor 1.542%)
6.856(c) 07/15/29   88 88,577
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   2,000 1,991,421
Series 2018-09A, Class A1, 144A, 3 Month SOFR + 1.412% (Cap N/A, Floor 1.150%) 6.729(c) 07/20/31   1,567 1,569,045
Mountain View CLO Ltd.,          
Series 2015-09A, Class A2R, 144A, 3 Month SOFR + 2.042% (Cap N/A, Floor 0.000%) 7.356(c) 07/15/31   5,750 5,731,453
Series 2019-01A, Class A1R, 144A, 3 Month SOFR + 1.512% (Cap N/A, Floor 1.250%) 6.826(c) 10/15/34   15,000 14,976,613
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   2,000 1,999,966
Series 2018-20A, Class A1, 144A, 3 Month SOFR + 1.312% (Cap N/A, Floor 1.050%) 6.629(c) 04/20/31   4,022 4,023,137
     
 
Race Point CLO Ltd.,
Series 2013-08A, Class AR2, 144A, 3 Month SOFR + 1.302% (Cap N/A, Floor 1.040%)
6.669(c) 02/20/30   6,397 6,390,217
1

PGIM Global Total Return 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.)
Shackleton CLO Ltd.,          
Series 2014-05RA, Class A, 144A, 3 Month SOFR + 1.362% (Cap N/A, Floor 0.262%) 6.742 %(c) 05/07/31   4,756  $4,764,826
Series 2014-05RA, Class B, 144A, 3 Month SOFR + 1.962% (Cap N/A, Floor 0.262%) 7.342(c) 05/07/31   6,500 6,480,534
Series 2017-10A, Class BR, 144A, 3 Month SOFR + 1.812% (Cap N/A, Floor 0.000%) 7.129(c) 04/20/29   10,000 10,040,867
     
 
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   3,611 3,616,682
Zais CLO Ltd.,          
Series 2015-03A, Class A2R, 144A, 3 Month SOFR + 2.452% (Cap N/A, Floor 0.000%) 7.766(c) 07/15/31   8,500 8,505,957
Series 2017-02A, Class A, 144A, 3 Month SOFR + 1.552% (Cap N/A, Floor 0.000%) 6.866(c) 04/15/30   343 344,152
          98,926,937
Ireland 7.1%
Anchorage Capital Europe CLO DAC,
Series 04A, Class A, 144A, 3 Month EURIBOR + 0.870% (Cap N/A, Floor 0.870%)
4.818(c) 04/25/34 EUR 4,000 4,259,176
Ares European CLO DAC,
Series 2013-06A, Class B1RR, 144A, 3 Month EURIBOR + 1.250% (Cap N/A, Floor 1.250%)
5.192(c) 04/15/30 EUR 8,000 8,515,377
Armada Euro CLO DAC,
Series 02A, Class A3, 144A
1.500 11/15/31 EUR 1,252 1,312,849
BNPP AM Euro CLO DAC,
Series 2018-01A, Class AR, 144A, 3 Month EURIBOR + 0.600% (Cap N/A, Floor 0.600%)
4.542(c) 04/15/31 EUR 10,000 10,675,458
Bosphorus CLO DAC,
Series 06A, Class A, 144A, 3 Month EURIBOR + 0.850% (Cap N/A, Floor 0.850%)
4.806(c) 05/25/34 EUR 20,000 21,288,964
Capital Four CLO DAC,
Series 02A, Class A, 144A, 3 Month EURIBOR + 1.050% (Cap N/A, Floor 1.050%)
4.992(c) 01/15/34 EUR 23,000 24,610,040
Carlyle Euro CLO DAC,          
Series 2017-02A, Class AA2R, 144A, 3 Month EURIBOR + 1.300% (Cap N/A, Floor 1.300%) 5.302(c) 08/15/30 EUR 9,500 10,097,321
Series 2019-01A, Class A1R, 144A, 3 Month EURIBOR + 0.750% (Cap N/A, Floor 0.750%) 4.675(c) 03/15/32 EUR 19,992 21,388,610
2

PGIM Global Total Return 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.)
CIFC European Funding CLO DAC,          
Series 03A, Class A, 144A, 3 Month EURIBOR + 1.050% (Cap N/A, Floor 1.050%) 4.992 %(c) 01/15/34 EUR 15,000  $16,031,209
Series 03A, Class B2, 144A 2.000 01/15/34 EUR 11,500 11,197,617
     
 
Hayfin Emerald CLO DAC,
Series 05A, Class A, 144A, 3 Month EURIBOR + 1.100% (Cap N/A, Floor 1.100%)
5.094(c) 11/17/32 EUR 18,500 19,929,682
Henley CLO DAC,
Series 04A, Class A, 144A, 3 Month EURIBOR + 0.900% (Cap N/A, Floor 0.900%)
4.848(c) 04/25/34 EUR 5,000 5,347,845
Invesco Euro CLO DAC,
Series 01A, Class A2R, 144A
0.800 07/15/31 EUR 30,000 30,656,925
OAK Hill European Credit Partners DAC,
Series 2017-06A, Class A2, 144A
1.150 01/20/32 EUR 1,951 2,039,491
Providus CLO DAC,
Series 02A, Class B1R, 144A, 3 Month EURIBOR + 1.650% (Cap N/A, Floor 1.650%)
5.592(c) 07/15/31 EUR 7,500 7,986,503
Rathlin Residential DAC,
Series 2021-01A, Class A, 144A, 1 Month EURIBOR + 2.000% (Cap N/A, Floor 0.000%)
5.868(c) 09/27/75 EUR 801 854,191
          196,191,258
Spain 0.1%
LSF11 Boson Investments Sarl Compartment 2,
Series 2021-NPLA, Class A1, 144A, 3 Month EURIBOR + 2.000% (Cap 3.000%, Floor 0.000%)
5.956(c) 11/25/60 EUR 401 411,747
TFS,          
Series 2018-03, Class A1^ 0.000(s) 02/15/39 EUR —(r) 1
Series 2018-03, Class A1, 1 Month EURIBOR + 3.250%^ 7.130(c) 03/15/26 EUR 2,790 2,562,303
          2,974,051
United Kingdom 0.1%
Newday Funding Master Issuer PLC,
Series 2021-01A, Class A2, 144A, SOFR + 1.100% (Cap N/A, Floor 0.000%)
6.423(c) 03/15/29   3,500 3,500,669
3

PGIM Global Total Return 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 1.3%
Ameriquest Mortgage Securities, Inc., Asset-Backed
Pass-Through Certificates,
         
Series 2002-02, Class M3, 1 Month SOFR + 2.769% (Cap N/A, Floor 2.655%) 4.902 %(c) 08/25/32   143  $140,368
Series 2002-03, Class M3, 1 Month SOFR + 2.964% (Cap N/A, Floor 2.850%) 8.300(c) 08/25/32   96 95,992
     
 
Bayview Opportunity Master Fund Trust,
Series 2024-CAR1F, Class A, 144A
6.971 09/28/28   2,000 2,014,850
Chase Funding Trust,
Series 2003-04, Class 2A2, 1 Month SOFR + 0.714% (Cap N/A, Floor 0.600%)
6.050(c) 05/25/33   389 381,471
Commonbond Student Loan Trust,
Series 2020-AGS, Class A, 144A
1.980 08/25/50   1,688 1,476,038
EquiFirst Mortgage Loan Trust,
Series 2004-01, Class 1A1, 1 Month SOFR + 0.594% (Cap N/A, Floor 0.480%)
5.930(c) 01/25/34   388 372,154
Ford Credit Auto Owner Trust,
Series 2020-02, Class C, 144A
1.740 04/15/33   1,300 1,214,396
JPMorgan Chase Bank, NA,          
Series 2020-01, Class R, 144A 33.784 01/25/28   980 1,047,348
Series 2020-02, Class R, 144A 31.355 02/25/28   550 610,315
Series 2021-01, Class E, 144A 2.365 09/25/28   57 56,400
Series 2021-01, Class F, 144A 4.280 09/25/28   600 586,483
Series 2021-01, Class R, 144A 28.348 09/25/28   1,849 2,163,944
Series 2021-02, Class F, 144A 4.393 12/26/28   600 582,578
Series 2021-03, Class F, 144A 3.694 02/26/29   600 574,828
Laurel Road Prime Student Loan Trust,          
Series 2018-A, Class A, 144A 0.000 02/25/43   3,430 686,311
Series 2018-C, Class A, 144A 0.000(cc) 08/25/43   665 627,921
Series 2019-A, Class R, 144A 0.000 10/25/48   1,689 348,008
     
 
Lending Funding Trust,
Series 2020-02A, Class A, 144A
2.320 04/21/31   1,100 1,017,048
Long Beach Mortgage Loan Trust,
Series 2004-03, Class M1, 1 Month SOFR + 0.969% (Cap N/A, Floor 0.855%)
6.305(c) 07/25/34   96 94,280
Mariner Finance Issuance Trust,
Series 2020-AA, Class A, 144A
2.190 08/21/34   937 917,411
MASTR Asset-Backed Securities Trust,
Series 2004-WMC02, Class M1, 1 Month SOFR + 1.014% (Cap N/A, Floor 0.900%)
6.350(c) 04/25/34   763 723,831
4

PGIM Global Total Return 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.)
     
Merrill Lynch Mortgage Investors Trust,
Series 2004-HE02, Class M1, 1 Month SOFR + 1.314% (Cap N/A, Floor 1.200%)
6.650 %(c) 08/25/35   14  $13,064
Morgan Stanley ABS Capital I, Inc. Trust,
Series 2003-NC08, Class M1, 1 Month SOFR + 1.164% (Cap N/A, Floor 1.050%)
6.500(c) 09/25/33   59 58,615
Morgan Stanley Dean Witter Capital I, Inc. Trust,
Series 2002-AM03, Class A3, 1 Month SOFR + 1.094% (Cap N/A, Floor 0.980%)
6.430(c) 02/25/33   72 71,654
OneMain Direct Auto Receivables Trust,
Series 2019-01A, Class B, 144A
3.950 11/14/28   1,300 1,259,051
OneMain Financial Issuance Trust,          
Series 2023-02A, Class C, 144A 6.740 09/15/36   1,300 1,331,538
Series 2023-02A, Class D, 144A 7.520 09/15/36   3,700 3,836,302
Santander Bank Auto Credit-Linked Notes,          
Series 2022-A, Class C, 144A 7.375 05/15/32   853 853,764
Series 2023-B, Class F, 144A 12.240 12/15/33   800 804,686
     
 
Santander Bank, NA,
Series 2021-01A, Class D, 144A
5.004 12/15/31   1,300 1,256,528
Santander Consumer Auto Receivables Trust,          
Series 2021-AA, Class D, 144A 1.570 01/15/27   850 799,271
Series 2021-AA, Class R, 144A 0.000 08/15/28   6 279,212
     
 
Santander Drive Auto Receivables Trust,
Series 2023-06, Class C
6.400 03/17/31   500 519,615
SoFi RR Funding III Trust,
Series 2020-01, Class A, 144A, 1 Month SOFR + 3.364% (Cap N/A, Floor 1.250%)
8.700(c) 11/29/24   2,118 2,117,664
TH MSR Issuer Trust,
Series 2019-FT01, Class A, 144A, 1 Month SOFR + 2.914% (Cap N/A, Floor 2.800%)
8.250(c) 06/25/24   4,730 4,670,205
Towd Point Mortgage Trust,
Series 2024-CES01, Class A1A, 144A
5.848(cc) 01/25/64   800 799,875
Wellfleet CLO Ltd.,
Series 2017-03A, Class A1, 144A, 3 Month SOFR + 1.412% (Cap N/A, Floor 1.150%)
6.728(c) 01/17/31   1,870 1,870,506
          36,273,525
     
 
Total Asset-Backed Securities
(cost $368,563,925)
339,379,549
5

PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Commercial Mortgage-Backed Securities 7.6%
Canada 0.1%
Real Estate Asset Liquidity Trust,
Series 2020-01A, Class A1, 144A
2.381 %(cc) 02/12/55 CAD 1,609  $1,117,098
United Kingdom 0.9%
Taurus DAC,          
Series 2021-UK1A, Class D, 144A, SONIA + 2.600% (Cap N/A, Floor 2.600%) 7.822(c) 05/17/31 GBP 546 685,519
Series 2021-UK4A, Class B, 144A, SONIA + 1.500% (Cap N/A, Floor 1.500%) 6.722(c) 08/17/31 GBP 4,945 6,205,537
Series 2021-UK4A, Class C, 144A, SONIA + 1.750% (Cap N/A, Floor 1.750%) 6.972(c) 08/17/31 GBP 8,117 10,145,907
Series 2021-UK4A, Class D, 144A, SONIA + 2.100% (Cap N/A, Floor 2.100%) 7.322(c) 08/17/31 GBP 6,750 8,407,301
          25,444,264
United States 6.6%
20 Times Square Trust,          
Series 2018-20TS, Class G, 144A (original cost $909,111; purchased 05/09/18)(f) 3.203(cc) 05/15/35   1,000 719,914
Series 2018-20TS, Class H, 144A (original cost $885,052; purchased 05/09/18)(f) 3.203(cc) 05/15/35   1,000 699,914
     
 
BANK,
Series 2017-BNK05, Class A3
3.020 06/15/60   2,870 2,829,800
Benchmark Mortgage Trust,
Series 2020-B17, Class A4
2.042 03/15/53   6,200 5,165,731
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   2,805 2,787,469
Series 2019-XL, Class G, 144A, 1 Month SOFR + 2.414% (Cap N/A, Floor 2.300%) 7.748(c) 10/15/36   7,416 7,342,089
Series 2019-XL, Class J, 144A, 1 Month SOFR + 2.764% (Cap N/A, Floor 2.650%) 8.098(c) 10/15/36   22,142 21,521,389
     
 
Cantor Commercial Real Estate Lending,
Series 2019-CF02, Class A3
2.647 11/15/52   14,419 14,158,572
CF Mortgage Trust,
Series 2020-P01, Class A1, 144A
2.840(cc) 04/15/25   9,249 8,754,404
Citigroup Commercial Mortgage Trust,          
Series 2014-GC21, Class XB, IO 0.596(cc) 05/10/47   27,500 275
Series 2016-GC37, Class XB, IO 0.844(cc) 04/10/49   33,868 417,112
Series 2016-P04, Class XB, IO 1.469(cc) 07/10/49   9,100 248,188
Series 2017-P08, Class A2 3.109 09/15/50   1,767 1,683,625
6

PGIM Global Total Return 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.)
     
 
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   4,399  $4,387,885
Commercial Mortgage Trust,
Series 2014-UBS04, Class XB, IO, 144A
0.293(cc) 08/10/47   50,000 22,390
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   14,090 14,036,609
CSAIL Commercial Mortgage Trust,
Series 2018-CX11, Class A3
4.095 04/15/51   845 813,872
DBWF Mortgage Trust,
Series 2016-85T, Class E, 144A
3.935(cc) 12/10/36   3,000 1,892,340
Eleven Madison Mortgage Trust,
Series 2015-11MD, Class C, 144A
3.673(cc) 09/10/35   500 410,705
ELP Commercial Mortgage Trust,
Series 2021-ELP, Class F, 144A, 1 Month SOFR + 2.781% (Cap N/A, Floor 2.667%)
8.115(c) 11/15/38   13,584 13,210,623
FHLMC Multifamily Structured Pass-Through
Certificates,
         
Series K043, Class X1, IO 0.626(cc) 12/25/24   11,213 37,549
Series K049, Class X1, IO 0.673(cc) 07/25/25   36,570 233,815
Series K052, Class X1, IO 0.760(cc) 11/25/25   11,241 101,812
Series K053, Class X1, IO 1.007(cc) 12/25/25   43,147 569,944
Series K054, Class X1, IO 1.286(cc) 01/25/26   28,899 522,053
Series K058, Class X1, IO 1.036(cc) 08/25/26   38,777 728,963
Series K090, Class X1, IO 0.855(cc) 02/25/29   22,798 710,073
Series K111, Class X1, IO 1.680(cc) 05/25/30   29,210 2,246,827
Series K113, Class X1, IO 1.482(cc) 06/25/30   118,338 8,193,732
Series K114, Class X1, IO 1.210(cc) 06/25/30   75,102 4,311,559
Series K116, Class X1, IO 1.527(cc) 07/25/30   48,856 3,461,740
Series K121, Class X1, IO 1.117(cc) 10/25/30   125,990 6,635,977
Series KG03, Class X1, IO 1.478(cc) 06/25/30   100,917 6,808,140
Series Q001, Class XA, IO 2.106(cc) 02/25/32   5,444 407,725
     
 
Greystone Commercial Capital Trust,
Series 2021-03, Class A, 144A, 1 Month SOFR + 2.344% (Cap N/A, Floor 2.230%)
7.682(c) 08/01/24   17,250 17,109,526
GS Mortgage Securities Corp. Trust,          
Series 2021-RENT, Class C, 144A, 1 Month SOFR + 1.664% (Cap N/A, Floor 1.550%)^ 7.026(c) 11/21/35   7,700 6,514,385
Series 2021-RENT, Class D, 144A, 1 Month SOFR + 1.964% (Cap N/A, Floor 1.850%)^ 7.326(c) 11/21/35   4,454 3,701,152
7

PGIM Global Total Return 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.)
GS Mortgage Securities Trust,          
Series 2014-GC20, Class XB, IO 0.598 %(cc) 04/10/47   30,000  $300
Series 2014-GC22, Class XB, IO 0.448(cc) 06/10/47   35,000 19,478
Series 2014-GC24, Class XB, IO 0.021(cc) 09/10/47   83,262 7,868
Series 2014-GC26, Class XB, IO 0.444(cc) 11/10/47   56,483 100,817
     
 
JPMCC Commercial Mortgage Securities Trust,
Series 2017-JP06, Class A3
3.109 07/15/50   2,240 2,124,327
JPMDB Commercial Mortgage Securities Trust,
Series 2020-COR07, Class A4
1.915 05/13/53   5,000 3,922,171
JPMorgan Chase Commercial Mortgage Securities Trust,
Series 2018-AON, Class E, 144A
4.767(cc) 07/05/31   5,564 1,995,117
Morgan Stanley Capital I Trust,          
Series 2019-MEAD, Class E, 144A 3.283(cc) 11/10/36   1,700 1,403,561
Series 2020-HR08, Class XB, IO 1.001(cc) 07/15/53   54,413 2,626,592
     
 
ONE Mortgage Trust,
Series 2021-PARK, Class C, 144A, 1 Month SOFR + 1.214% (Cap N/A, Floor 1.100%)
6.547(c) 03/15/36   1,500 1,402,500
Wells Fargo Commercial Mortgage Trust,          
Series 2016-C35, Class XB, IO 1.086(cc) 07/15/48   24,000 460,531
Series 2016-LC24, Class XB, IO 1.122(cc) 10/15/49   20,910 457,356
Series 2021-FCMT, Class B, 144A, 1 Month SOFR + 1.964% (Cap N/A, Floor 1.850%) 7.298(c) 05/15/31   1,800 1,754,755
Series 2021-FCMT, Class C, 144A, 1 Month SOFR + 2.514% (Cap N/A, Floor 2.400%) 7.848(c) 05/15/31   1,700 1,648,725
Series 2021-FCMT, Class D, 144A, 1 Month SOFR + 3.614% (Cap N/A, Floor 3.500%) 8.948(c) 05/15/31   2,200 2,057,319
          183,379,295
     
 
Total Commercial Mortgage-Backed Securities
(cost $226,857,959)
209,940,657
Corporate Bonds 46.1%
Australia 0.0%
Australia & New Zealand Banking Group Ltd.,
Sr. Unsec’d. Notes, EMTN
3.700 03/18/24 CNH 2,000 278,381
Brazil 0.8%
Petrobras Global Finance BV,          
Gtd. Notes 5.375 10/01/29 GBP 9,284 11,013,673
Gtd. Notes 6.625 01/16/34 GBP 7,100 8,523,554
8

PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Brazil (cont’d.)
Petrobras Global Finance BV, (cont’d.)          
Gtd. Notes, EMTN 6.250 % 12/14/26 GBP 2,000   $2,534,372
     
 
Suzano Austria GmbH,
Gtd. Notes
6.000 01/15/29   200 201,852
          22,273,451
Bulgaria 0.4%
Bulgarian Energy Holding EAD,
Sr. Unsec’d. Notes
2.450 07/22/28 EUR 13,000 12,227,107
Canada 0.8%
Barrick North America Finance LLC,
Gtd. Notes
5.700 05/30/41   45 46,847
Barrick PD Australia Finance Pty Ltd.,
Gtd. Notes
5.950 10/15/39   50 52,745
Bombardier, Inc.,          
Sr. Unsec’d. Notes, 144A(a) 7.125 06/15/26   3,026 3,050,783
Sr. Unsec’d. Notes, 144A(a) 7.500 02/01/29   375 381,563
Sr. Unsec’d. Notes, 144A 7.875 04/15/27   2,206 2,200,022
Brookfield Residential Properties, Inc./Brookfield
Residential US LLC,
         
Gtd. Notes, 144A 4.875 02/15/30   2,320 2,059,000
Gtd. Notes, 144A 6.250 09/15/27   2,175 2,109,750
Sr. Unsec’d. Notes, 144A 5.000 06/15/29   1,675 1,513,781
Cenovus Energy, Inc.,          
Sr. Unsec’d. Notes(a) 2.650 01/15/32   1,340 1,113,199
Sr. Unsec’d. Notes 3.750 02/15/52   955 691,132
     
 
MEG Energy Corp.,
Gtd. Notes, 144A
7.125 02/01/27   330 334,538
Methanex Corp.,
Sr. Unsec’d. Notes
4.250 12/01/24   1,500 1,477,500
Ontario Teachers’ Cadillac Fairview Properties Trust,
Sr. Unsec’d. Notes, 144A
2.500 10/15/31   1,775 1,427,280
Rogers Communications, Inc.,
Gtd. Notes
3.250 05/01/29 CAD 700 485,026
Teck Resources Ltd.,          
Sr. Unsec’d. Notes 5.400 02/01/43   1,403 1,329,164
Sr. Unsec’d. Notes 6.000 08/15/40   4,142 4,204,663
          22,476,993
9

PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
China 0.6%
Agricultural Development Bank of China,
Sr. Unsec’d. Notes
3.800 % 10/27/30 CNH 55,000  $8,080,819
Aircraft Finance Co. Ltd.,
Sr. Sec’d. Notes, Series B
4.100 03/29/26   1,099 1,069,209
China Development Bank,          
Sr. Unsec’d. Notes 4.300 08/02/32 CNH 25,000 3,864,003
Unsec’d. Notes 4.200 01/19/27 CNH 16,000 2,315,844
NXP BV/NXP Funding LLC/NXP USA, Inc.,          
Gtd. Notes 3.150 05/01/27   575 544,030
Gtd. Notes 3.400 05/01/30   725 660,149
          16,534,054
Denmark 0.2%
Danske Bank A/S,          
Sr. Non-Preferred Notes, 144A 1.621(ff) 09/11/26   4,645 4,360,243
Sr. Non-Preferred Notes, 144A 3.244(ff) 12/20/25   1,095 1,070,122
          5,430,365
France 2.0%
Banque Federative du Credit Mutuel SA,
Sr. Preferred Notes, Series 19
0.999 10/15/25 JPY 200,000 1,363,375
BNP Paribas SA,          
Sr. Non-Preferred Notes, 144A 2.159(ff) 09/15/29   23,127 20,188,548
Sr. Non-Preferred Notes, 144A 2.871(ff) 04/19/32   5,220 4,419,359
Sr. Preferred Notes, 144A 5.335(ff) 06/12/29   2,450 2,484,652
Sub. Notes, EMTN 4.625 03/09/27 AUD 370 233,086
     
 
BPCE SA,
Sr. Non-Preferred Notes, Series 03
0.989 07/12/28 JPY 300,000 1,980,431
Credit Agricole Assurances SA,
Sub. Notes
4.250(ff) 01/13/25(oo) EUR 2,000 2,146,919
Credit Agricole Corporate & Investment Bank SA,
Sr. Preferred Notes, EMTN
2.670 02/20/24 NZD 1,400 853,525
Credit Agricole SA,
Sub. Notes, EMTN
4.200(ff) 05/29/34 AUD 400 235,085
Iliad Holding SASU,
Sr. Sec’d. Notes, 144A
5.125 10/15/26 EUR 6,850 7,399,686
SNCF Reseau,
Sr. Unsec’d. Notes, Series MPLE
4.700 06/01/35 CAD 6,400 4,878,605
Societe Generale SA,          
Sr. Non-Preferred Notes, 144A 2.889(ff) 06/09/32   1,685 1,388,600
Sr. Non-Preferred Notes, 144A 3.337(ff) 01/21/33   4,915 4,127,575
10

PGIM Global Total Return 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.)
Societe Generale SA, (cont’d.)          
Sr. Non-Preferred Notes, 144A, MTN 6.691 %(ff) 01/10/34   805  $840,746
Sr. Non-Preferred Notes, EMTN 3.550 06/16/29 CNH 10,000 1,319,953
Sub. Notes, EMTN 5.000 05/19/27 AUD 220 139,499
          53,999,644
Germany 0.4%
Deutsche Bahn Finance GMBH,
Gtd. Notes, MTN
1.987 07/08/30 AUD 1,000 543,701
Deutsche Bank AG,          
Sr. Non-Preferred Notes 2.129(ff) 11/24/26   3,760 3,536,111
Sub. Notes, EMTN 3.662(ff) 04/10/25 CNH 53,000 7,301,608
          11,381,420
Hong Kong 0.4%
HKT Capital No. 3 Ltd.,
Gtd. Notes
1.650 04/10/27 EUR 9,300 9,084,355
Sun Hung Kai Properties Capital Market Ltd.,          
Gtd. Notes, EMTN 3.160 01/25/28 CNH 4,000 548,544
Gtd. Notes, EMTN 3.200 08/14/27 CNH 3,000 413,695
          10,046,594
Hungary 0.1%
MFB Magyar Fejlesztesi Bank Zrt,
Gov’t. Gtd. Notes
1.375 06/24/25 EUR 3,470 3,590,653
Iceland 0.2%
Landsvirkjun,
Gov’t. Gtd. Notes, EMTN, 3 Month EURIBOR + 0.090%
4.035(c) 07/24/26 EUR 5,100 5,369,724
India 0.6%
NTPC Ltd.,
Sr. Unsec’d. Notes, EMTN
2.750 02/01/27 EUR 11,445 11,815,116
Power Finance Corp. Ltd.,
Sr. Unsec’d. Notes, GMTN
1.841 09/21/28 EUR 5,000 4,757,944
          16,573,060
11

PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Indonesia 0.4%
Freeport Indonesia PT,          
Sr. Unsec’d. Notes, 144A, MTN 5.315 % 04/14/32   1,890  $1,831,145
Sr. Unsec’d. Notes, EMTN 5.315 04/14/32   600 581,316
Perusahaan Perseroan Persero PT Perusahaan
Listrik Negara,
         
Sr. Unsec’d. Notes 2.875 10/25/25 EUR 2,636 2,797,135
Sr. Unsec’d. Notes, 144A 1.875 11/05/31 EUR 6,900 6,123,922
Sr. Unsec’d. Notes, 144A 2.875 10/25/25 EUR 900 955,016
          12,288,534
Israel 0.6%
Israel Electric Corp. Ltd.,          
Sec’d. Notes, 144A, GMTN 3.750 02/22/32   600 501,750
Sr. Sec’d. Notes 7.875 12/15/26   5,889 6,092,583
Sr. Sec’d. Notes, EMTN 3.700 05/23/30 JPY 200,000 1,473,523
Sr. Sec’d. Notes, EMTN 7.750 12/15/27   8,650 9,158,187
          17,226,043
Italy 0.4%
Intesa Sanpaolo SpA,          
Sr. Non-Preferred Notes, 144A 7.778(ff) 06/20/54   1,140 1,161,530
Sub. Notes, 144A 4.198(ff) 06/01/32   1,430 1,182,267
     
 
UniCredit SpA,
Sr. Preferred Notes, 144A
1.982(ff) 06/03/27   8,485 7,814,353
          10,158,150
Jamaica 0.3%
Digicel Group Holdings Ltd.,          
Sr. Sec’d. Notes, Series 1A14, 144A (original cost $144,131; purchased 11/14/23)(f)^ 0.000 12/31/30   128 144,131
Sr. Sec’d. Notes, Series 1B14, 144A (original cost $40; purchased 11/14/23)(f)^ 0.000 12/31/30   400
Sr. Sec’d. Notes, Series 3A14, 144A (original cost $11,973; purchased 11/14/23)(f)^ 0.000 12/31/30   5 11,973
Sr. Sec’d. Notes, Series 3B14, 144A (original cost $24; purchased 11/14/23)(f)^ 0.000 12/31/30   237
     
 
12

PGIM Global Total Return 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% (original cost $7,546,943; purchased 01/29/24 - 01/30/24)(f)
9.000 % 05/25/27   8,173  $7,707,054
Digicel MidCo Ltd./DIFL US II LLC,
Sr. Unsec’d. Notes, PIK 10.500% (original cost $817,111; purchased 01/30/24)(f)
10.500 11/25/28   1,266 835,621
          8,698,779
Japan 0.3%
Nomura Holdings, Inc.,          
Sr. Unsec’d. Notes 2.608 07/14/31   2,070 1,714,279
Sr. Unsec’d. Notes 2.999 01/22/32   7,475 6,273,109
     
 
Nomura International Funding Pte Ltd.,
Gtd. Notes, EMTN
3.130 01/07/31 CNH 10,000 1,293,483
          9,280,871
Luxembourg 0.4%
Blackstone Property Partners Europe Holdings Sarl,          
Sr. Unsec’d. Notes, EMTN 1.000 05/04/28 EUR 9,850 9,138,642
Sr. Unsec’d. Notes, EMTN 1.625 04/20/30 EUR 2,400 2,143,962
          11,282,604
Malta 0.1%
Freeport Terminal Malta PLC,
Gov’t. Gtd. Notes, 144A
7.250 05/15/28   3,000 3,254,113
Mexico 1.6%
Comision Federal de Electricidad,
Sr. Unsec’d. Notes
5.000 09/29/36   10,590 8,895,600
Mexico City Airport Trust,          
Sr. Sec’d. Notes 3.875 04/30/28   389 360,712
Sr. Sec’d. Notes 5.500 07/31/47   3,137 2,573,281
Petroleos Mexicanos,          
Gtd. Notes 5.950 01/28/31   1,000 735,180
Gtd. Notes 6.840 01/23/30   4,050 3,480,003
Gtd. Notes 9.500 09/15/27   2,000 1,904,920
Gtd. Notes, EMTN 2.750 04/21/27 EUR 4,500 4,145,835
13

PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Mexico (cont’d.)
Petroleos Mexicanos, (cont’d.)          
Gtd. Notes, EMTN 4.875 % 02/21/28 EUR 21,500  $20,533,975
U.S. Gov’t. Gtd. Notes, 3 Month SOFR + 0.692% 6.071(c) 02/15/24   188 187,341
          42,816,847
Netherlands 0.5%
ABN AMRO Bank NV,          
Sr. Non-Preferred Notes, 144A, MTN 6.575(ff) 10/13/26   5,800 5,888,887
Sub. Notes, 144A, MTN 4.750 07/28/25   500 491,851
Cooperatieve Rabobank UA,          
Sr. Preferred Notes, EMTN 2.750 03/04/24 NZD 376 229,170
Sr. Preferred Notes, GMTN 9.298(s) 03/11/39 MXN 22,000 277,283
Sr. Preferred Notes, GMTN 3.500 12/14/26 AUD 2,882 1,817,452
     
 
OCI NV,
Sr. Sec’d. Notes, 144A
3.625 10/15/25 EUR 2,925 3,115,592
TMNL Holding BV,
Sr. Sec’d. Notes, 144A
3.750 01/15/29 EUR 2,300 2,333,715
          14,153,950
Norway 0.1%
Equinor ASA,
Gtd. Notes
6.800 01/15/28   2,140 2,294,358
Peru 0.0%
Lima Metro Line 2 Finance Ltd.,
Sr. Sec’d. Notes
5.875 07/05/34   87 85,910
Peru Enhanced Pass-Through Finance Ltd.,
Pass-Through Certificates
3.002(s) 06/02/25   487 459,348
          545,258
Philippines 0.1%
Bangko Sentral ng Pilipinas International Bond,
Sr. Unsec’d. Notes, Series A
8.600 06/15/27   3,560 3,953,522
Poland 0.3%
Bank Gospodarstwa Krajowego,          
Gov’t. Gtd. Notes 1.625 04/30/28 EUR 600 594,926
Gov’t. Gtd. Notes, 144A, MTN 5.375 05/22/33   600 601,440
Gov’t. Gtd. Notes, EMTN 0.500 07/08/31 EUR 500 418,771
14

PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Poland (cont’d.)
Bank Gospodarstwa Krajowego, (cont’d.)          
Gov’t. Gtd. Notes, EMTN 1.750 % 05/06/26 EUR 4,700  $4,868,182
Gov’t. Gtd. Notes, EMTN 3.000 05/30/29 EUR 300 313,673
          6,796,992
Qatar 0.0%
QNB Finance Ltd.,          
Gtd. Notes, EMTN 3.500 03/09/26 CNH 7,400 1,027,889
Gtd. Notes, MTN 4.900 02/01/28 AUD 250 162,586
          1,190,475
Russia 0.7%
Gazprom PJSC Via Gaz Capital SA,          
Sr. Unsec’d. Notes 2.500 03/21/26(d) EUR 3,500 2,458,592
Sr. Unsec’d. Notes 4.250 04/06/24 GBP 7,927 8,639,463
Sr. Unsec’d. Notes, EMTN 4.364 03/21/25(d) EUR 4,000 3,025,960
Gazprom PJSC via Gaz Finance PLC,          
Sr. Unsec’d. Notes 3.000 06/29/27(d)   1,410 930,600
Sr. Unsec’d. Notes, EMTN 1.540 06/30/27 CHF 6,000 4,276,030
          19,330,645
Slovenia 0.6%
United Group BV,          
Sr. Sec’d. Notes(a) 3.625 02/15/28 EUR 5,275 5,191,336
Sr. Sec’d. Notes 4.000 11/15/27 EUR 200 202,372
Sr. Sec’d. Notes 4.625 08/15/28 EUR 100 101,150
Sr. Sec’d. Notes, 144A 3.125 02/15/26 EUR 3,800 3,946,911
Sr. Sec’d. Notes, 144A 5.250 02/01/30 EUR 6,500 6,517,377
          15,959,146
South Africa 0.5%
Eskom Holdings SOC Ltd.,          
Gov’t. Gtd. Notes, 144A, MTN 6.350 08/10/28   1,350 1,311,188
Gov’t. Gtd. Notes, MTN 6.350 08/10/28   12,000 11,655,000
          12,966,188
15

PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
South Korea 0.7%
Korea Development Bank (The),          
Sr. Unsec’d. Notes, EMTN 1.830 % 08/10/27 SEK 74,000  $6,789,038
Sr. Unsec’d. Notes, EMTN 6.000 01/22/25 IDR 15,000,000 941,920
Korea Expressway Corp.,          
Sr. Unsec’d. Notes, GMTN 2.310 04/28/32 SEK 80,000 6,979,288
Sr. Unsec’d. Notes, GMTN 3.030 05/11/32 CAD 7,500 5,132,438
          19,842,684
Spain 0.5%
Banco Santander SA,          
Sr. Preferred Notes 3.306 06/27/29   1,600 1,462,782
Sub. Notes 2.749 12/03/30   600 494,075
     
 
Cellnex Finance Co. SA,
Gtd. Notes, EMTN
2.000 02/15/33 EUR 11,900 11,016,159
Codere Finance 2 Luxembourg SA,          
Sr. Sec’d. Notes, 144A, Cash coupon 8.000% and PIK 3.000%^ 11.000 09/30/26(d) EUR 1,126 364,933
Sr. Sec’d. Notes, 144A 13.000 09/30/24 EUR 185 198,142
Sr. Sec’d. Notes, 144A, Cash coupon 2.000% and PIK 11.625%^ 13.625 11/30/27(d)   453 2,265
          13,538,356
Supranational Bank 0.6%
African Development Bank,
Sr. Unsec’d. Notes, EMTN
0.500 09/07/32 MXN 64,600 1,727,683
African Export-Import Bank (The),
Sr. Unsec’d. Notes
3.798 05/17/31   300 254,250
Asian Infrastructure Investment Bank (The),
Sr. Unsec’d. Notes, EMTN^
0.375 09/09/25 THB 72,000 1,972,996
European Investment Bank,          
Sr. Unsec’d. Notes, EMTN 1.000 02/25/28 PLN 3,985 846,801
Sr. Unsec’d. Notes, EMTN 6.270 08/28/24 IDR 10,000,000 629,550
     
 
Inter-American Development Bank,
Sr. Unsec’d. Notes, GMTN
7.500 12/05/24 MXN 600 33,814
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   72 67,033
Sr. Unsec’d. Notes 2.330(ff) 05/31/26   4 3,750
Sr. Unsec’d. Notes, EMTN 1.928(s) 04/23/32 AUD 8,758 3,934,456
Sr. Unsec’d. Notes, EMTN 6.630 07/24/28 MXN 33,700 1,717,077
16

PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Supranational Bank (cont’d.)
International Bank for Reconstruction & Development, (cont’d.)          
Sr. Unsec’d. Notes, MTN 2.700 % 12/28/37   300  $236,341
International Finance Corp.,          
Sr. Unsec’d. Notes, GMTN 7.020 04/06/28 MXN 44,300 2,362,129
Sr. Unsec’d. Notes, GMTN 8.215(s) 01/27/37 MXN 78,000 1,391,959
          15,177,839
Switzerland 0.9%
Credit Suisse AG,
Sr. Unsec’d. Notes, EMTN
3.550 05/27/31 CNH 10,000 1,283,066
UBS Group AG,          
Sr. Unsec’d. Notes, 144A 1.305(ff) 02/02/27   6,440 5,916,750
Sr. Unsec’d. Notes, 144A 1.494(ff) 08/10/27   13,125 11,914,061
Sr. Unsec’d. Notes, 144A 2.593(ff) 09/11/25   1,390 1,364,372
Sr. Unsec’d. Notes, 144A 3.869(ff) 01/12/29   900 851,907
Sr. Unsec’d. Notes, 144A 4.282 01/09/28   2,075 2,022,701
          23,352,857
United Arab Emirates 0.4%
ADCB Finance Cayman Ltd.,
Gtd. Notes, MTN
4.500 10/25/27 AUD 2,270 1,454,892
DP World Ltd.,          
Sr. Unsec’d. Notes 2.375 09/25/26 EUR 900 930,077
Sr. Unsec’d. Notes 4.250 09/25/30 GBP 3,600 4,265,732
Sr. Unsec’d. Notes, 144A 4.250 09/25/30 GBP 1,840 2,180,473
First Abu Dhabi Bank PJSC,          
Sr. Unsec’d. Notes, EMTN 0.875 12/09/25 GBP 1,268 1,475,794
Sr. Unsec’d. Notes, EMTN 3.500 07/02/25 CNH 2,170 301,911
          10,608,879
United Kingdom 2.8%
Barclays Bank PLC,
Sr. Unsec’d. Notes, EMTN
2.100 11/13/25 CNH 18,000 2,440,709
Barclays PLC,          
Sr. Unsec’d. Notes, MTN 3.250 06/26/24 AUD 1,750 1,140,553
Sr. Unsec’d. Notes, MTN 5.244 06/15/28 AUD 1,000 642,724
Sub. Notes(a) 7.119(ff) 06/27/34   3,780 3,970,430
     
 
Bellis Acquisition Co. PLC,
Sr. Sec’d. Notes, 144A
3.250 02/16/26 GBP 14,700 17,633,760
17

PGIM Global Total Return 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.)
     
Bellis Finco PLC,
Sr. Unsec’d. Notes, 144A
4.000 % 02/16/27 GBP 6,700  $7,741,927
BP Capital Markets PLC,
Gtd. Notes
4.375(ff) 06/22/25(oo)   14,500 14,181,067
Constellation Automotive Financing PLC,
Sr. Sec’d. Notes
4.875 07/15/27 GBP 5,000 5,306,882
HSBC Bank PLC,
Sr. Unsec’d. Notes, 144A, EMTN
3.120 04/04/26 CNH 36,800 5,098,153
HSBC Holdings PLC,          
Sr. Unsec’d. Notes 2.206(ff) 08/17/29   4,300 3,758,816
Sr. Unsec’d. Notes 3.973(ff) 05/22/30   2,400 2,236,498
     
 
Lloyds Bank PLC,
Sr. Unsec’d. Notes, EMTN
0.000 04/02/32   1,200 761,928
Lloyds Banking Group PLC,
Sub. Notes
4.582 12/10/25   2,250 2,211,263
Virgin Media Secured Finance PLC,          
Sr. Sec’d. Notes 5.000 04/15/27 GBP 2,800 3,452,880
Sr. Sec’d. Notes, 144A 5.000 04/15/27 GBP 5,900 7,275,712
          77,853,302
United States 26.8%
Aflac, Inc.,          
Sr. Unsec’d. Notes 0.500 12/17/29 JPY 100,000 639,353
Sr. Unsec’d. Notes 0.830 03/12/35 JPY 100,000 602,571
Sr. Unsec’d. Notes 0.932 01/25/27 JPY 80,000 543,315
Sr. Unsec’d. Notes 1.159 10/18/30 JPY 600,000 4,023,417
     
 
Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s LP/Albertson’s LLC,
Gtd. Notes, 144A
3.500 03/15/29   2,310 2,089,125
Altria Group, Inc.,
Gtd. Notes
3.125 06/15/31 EUR 2,900 2,882,649
American International Group, Inc.,
Sr. Unsec’d. Notes
1.875 06/21/27 EUR 1,342 1,380,598
AMN Healthcare, Inc.,
Gtd. Notes, 144A
4.625 10/01/27   1,425 1,358,310
Antero Midstream Partners LP/Antero Midstream Finance Corp.,
Gtd. Notes, 144A
7.875 05/15/26   3,550 3,634,036
Ascent Resources Utica Holdings LLC/ARU Finance
Corp.,
         
Gtd. Notes, 144A 7.000 11/01/26   575 575,338
18

PGIM Global Total Return 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.)
Ascent Resources Utica Holdings LLC/ARU Finance Corp., (cont’d.)          
Gtd. Notes, 144A 9.000 % 11/01/27   579  $735,150
Sr. Unsec’d. Notes, 144A 8.250 12/31/28   1,825 1,865,044
     
 
Ashton Woods USA LLC/Ashton Woods Finance Co.,
Sr. Unsec’d. Notes, 144A
6.625 01/15/28   6,582 6,517,247
AT&T, Inc.,          
Sr. Unsec’d. Notes 2.550 12/01/33   97 78,729
Sr. Unsec’d. Notes 3.500 09/15/53   656 467,139
Sr. Unsec’d. Notes 3.950 04/30/31 EUR 6,500 7,237,394
Sr. Unsec’d. Notes 5.400 02/15/34   1,120 1,149,241
Sr. Unsec’d. Notes, EMTN 7.000 04/30/40 GBP 1,550 2,229,910
Sr. Unsec’d. Notes, Series MPLE 4.850 05/25/47 CAD 150 100,517
Sr. Unsec’d. Notes, Series MPLE 5.100 11/25/48 CAD 4,575 3,175,311
     
 
Ball Corp.,
Gtd. Notes
6.000 06/15/29   900 908,213
Bank of America Corp.,          
Sr. Unsec’d. Notes 2.687(ff) 04/22/32   6,950 5,900,823
Sr. Unsec’d. Notes, MTN 2.087(ff) 06/14/29   19,350 17,136,827
Sub. Notes 6.800 03/15/28   377 403,201
Sub. Notes, EMTN 8.125 06/02/28 GBP 500 699,398
     
 
Bausch Health Americas, Inc.,
Gtd. Notes, 144A
8.500 01/31/27   400 221,569
Bausch Health Cos., Inc.,          
Gtd. Notes, 144A 5.000 01/30/28   2,590 1,113,700
Gtd. Notes, 144A 5.000 02/15/29   175 72,625
Gtd. Notes, 144A 5.250 01/30/30   5,500 2,216,170
Gtd. Notes, 144A 5.250 02/15/31   2,000 835,000
Gtd. Notes, 144A 6.250 02/15/29   400 168,000
Beazer Homes USA, Inc.,          
Gtd. Notes 5.875 10/15/27   1,375 1,341,277
Gtd. Notes 6.750 03/15/25   2,075 2,074,486
Gtd. Notes 7.250 10/15/29   1,600 1,608,186
Berkshire Hathaway, Inc.,          
Sr. Unsec’d. Notes 0.440 09/13/29 JPY 1,640,000 10,564,144
Sr. Unsec’d. Notes 0.787 09/13/34 JPY 100,000 606,947
Sr. Unsec’d. Notes 0.965 09/13/39 JPY 300,000 1,715,332
     
 
Boeing Co. (The),
Sr. Unsec’d. Notes
5.805 05/01/50   4,030 4,039,915
Boxer Parent Co., Inc.,
Sr. Sec’d. Notes, 144A
7.125 10/02/25   4,800 4,809,063
Brixmor Operating Partnership LP,          
Sr. Unsec’d. Notes 2.500 08/16/31   1,880 1,564,816
19

PGIM Global Total Return 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.)
Brixmor Operating Partnership LP, (cont’d.)          
Sr. Unsec’d. Notes 4.125 % 05/15/29   2,865  $2,718,627
Broadcom, Inc.,          
Gtd. Notes, 144A 3.500 02/15/41   3,765 3,003,944
Sr. Unsec’d. Notes, 144A 3.137 11/15/35   4,626 3,791,152
Sr. Unsec’d. Notes, 144A 3.419 04/15/33   6,765 5,935,313
Caesars Entertainment, Inc.,          
Sr. Sec’d. Notes, 144A 6.250 07/01/25   2,660 2,672,862
Sr. Unsec’d. Notes, 144A 4.625 10/15/29   525 479,427
     
 
Caledonia Generating LLC,
Sr. Sec’d. Notes, 144A(h)
1.950 02/28/34   10,331 8,647,104
Calpine Corp.,          
Sr. Unsec’d. Notes, 144A 4.625 02/01/29   2,770 2,559,067
Sr. Unsec’d. Notes, 144A 5.000 02/01/31   2,180 1,977,567
Sr. Unsec’d. Notes, 144A(a) 5.125 03/15/28   5,000 4,778,821
     
 
Carnival Holdings Bermuda Ltd.,
Gtd. Notes, 144A
10.375 05/01/28   2,475 2,709,960
Carrier Global Corp.,          
Sr. Unsec’d. Notes, 144A 4.375 05/29/25 EUR 3,900 4,245,245
Sr. Unsec’d. Notes, 144A 4.500 11/29/32 EUR 3,000 3,431,179
CCO Holdings LLC/CCO Holdings Capital Corp.,          
Sr. Unsec’d. Notes, 144A 4.250 02/01/31   9,500 8,005,754
Sr. Unsec’d. Notes, 144A 4.500 06/01/33   2,675 2,192,821
     
 
CDW LLC/CDW Finance Corp.,
Gtd. Notes
2.670 12/01/26   7,675 7,185,432
Central Garden & Pet Co.,
Gtd. Notes, 144A
4.125 04/30/31   675 597,279
CF Industries, Inc.,          
Gtd. Notes 4.950 06/01/43   1,230 1,126,382
Gtd. Notes 5.375 03/15/44   3,560 3,422,209
     
 
Chart Industries, Inc.,
Sr. Sec’d. Notes, 144A
7.500 01/01/30   1,600 1,646,527
Charter Communications Operating LLC/Charter
Communications Operating Capital,
         
Sr. Sec’d. Notes 2.800 04/01/31   3,625 2,996,535
Sr. Sec’d. Notes 3.900 06/01/52   695 455,104
Sr. Sec’d. Notes 6.384 10/23/35   17 17,136
Chesapeake Energy Corp.,          
Gtd. Notes, 144A 5.500 02/01/26   650 646,816
Gtd. Notes, 144A 5.875 02/01/29   600 595,860
     
 
CitiFinancial Credit Co.,
Sr. Unsec’d. Notes
7.875 02/01/25   662 676,884
20

PGIM Global Total Return 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 Global Markets Holdings, Inc.,
Gtd. Notes, GMTN
3.790 % 09/28/28 HKD 6,000  $739,328
Citigroup, Inc.,          
Jr. Sub. Notes 3.875(ff) 02/18/26(oo)   19,245 17,766,377
Sr. Unsec’d. Notes 2.520(ff) 11/03/32   1,660 1,372,856
Sr. Unsec’d. Notes 2.561(ff) 05/01/32   6,600 5,520,927
Sr. Unsec’d. Notes, EMTN 6.500 08/16/30 GBP 7 9,487
Sub. Notes 6.174(ff) 05/25/34   1,280 1,328,188
     
 
Columbia Pipelines Operating Co. LLC,
Sr. Unsec’d. Notes, 144A
6.036 11/15/33   2,040 2,141,935
Comerica, Inc.,
Sr. Unsec’d. Notes
5.982(ff) 01/30/30   2,792 2,782,445
Cox Communications, Inc.,
Gtd. Notes, 144A
5.450 09/15/28   4,000 4,084,289
Dana, Inc.,          
Sr. Unsec’d. Notes 4.500 02/15/32   4,025 3,455,623
Sr. Unsec’d. Notes(a) 5.375 11/15/27   2,625 2,563,070
DaVita, Inc.,          
Gtd. Notes, 144A 3.750 02/15/31   1,125 926,547
Gtd. Notes, 144A 4.625 06/01/30   1,125 995,106
     
 
Diamond Sports Group LLC/Diamond Sports Finance Co.,
Gtd. Notes, 144A (original cost $3,451,125; purchased 07/18/19 - 02/27/20)(f)
6.625 08/15/27(d)   3,740 252,450
Discovery Communications LLC,
Gtd. Notes
5.300 05/15/49   2,480 2,146,768
DISH DBS Corp.,
Gtd. Notes
7.750 07/01/26   4,950 2,920,619
Diversified Healthcare Trust,
Gtd. Notes
9.750 06/15/25   538 535,848
Dow Chemical Co. (The),
Sr. Unsec’d. Notes
9.400 05/15/39   88 120,977
Energy Transfer LP,          
Jr. Sub. Notes, Series G 7.125(ff) 05/15/30(oo)   7,800 7,540,281
Jr. Sub. Notes, Series H(a) 6.500(ff) 11/15/26(oo)   5,045 4,876,380
Sr. Unsec’d. Notes 5.400 10/01/47   2,200 2,048,670
Sr. Unsec’d. Notes 6.000 06/15/48   2,350 2,359,339
Sr. Unsec’d. Notes 6.050 12/01/26   6,665 6,845,551
     
 
ERAC USA Finance LLC,
Gtd. Notes, 144A
7.000 10/15/37   190 221,930
Fidelity National Information Services, Inc.,
Sr. Unsec’d. Notes
1.500 05/21/27 EUR 5,600 5,721,485
21

PGIM Global Total Return 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.)
     
Ford Motor Co.,
Sr. Unsec’d. Notes
4.750 % 01/15/43   8,415  $6,929,180
Ford Motor Credit Co. LLC,          
Sr. Unsec’d. Notes 4.134 08/04/25   200 195,388
Sr. Unsec’d. Notes, EMTN 3.683 12/03/24 AUD 500 321,238
Sr. Unsec’d. Notes, EMTN 4.125 06/20/24 SGD 2,000 1,481,744
General Motors Co.,          
Sr. Unsec’d. Notes 5.000 04/01/35   2,200 2,100,174
Sr. Unsec’d. Notes(a) 5.400 04/01/48   2,050 1,869,047
Sr. Unsec’d. Notes 6.250 10/02/43   2,705 2,761,970
     
 
General Motors Financial Co., Inc.,
Gtd. Notes
3.850 01/05/28   2,900 2,775,429
GN Bondco LLC,
Sr. Sec’d. Notes, 144A
9.500 10/15/31   2,350 2,317,890
Golden Entertainment, Inc.,
Sr. Unsec’d. Notes, 144A
7.625 04/15/26   1,000 1,005,929
Goldman Sachs Group, Inc. (The),          
Jr. Sub. Notes, Series U 3.650(ff) 08/10/26(oo)   11,370 10,276,604
Sr. Unsec’d. Notes 1.992(ff) 01/27/32   2,450 1,986,854
Sr. Unsec’d. Notes 2.383(ff) 07/21/32   1,770 1,457,579
Sr. Unsec’d. Notes 2.615(ff) 04/22/32   9,660 8,150,878
Sr. Unsec’d. Notes 4.500 05/16/28 AUD 210 133,035
Sr. Unsec’d. Notes, EMTN 1.000 08/06/24 JPY 100,000 686,059
Sr. Unsec’d. Notes, EMTN 1.000 08/16/32 JPY 200,000 1,244,635
Sr. Unsec’d. Notes, EMTN 1.300 03/22/30 JPY 10,000 66,246
Sr. Unsec’d. Notes, EMTN, EURIBOR ICE SWAP 11:00 Fft 10Y Index + 0.000% (Cap 7.000%, Floor N/A) 2.979(c) 06/30/25 EUR 2,227 2,333,266
Sr. Unsec’d. Notes, EMTN, 6 Month EURIBOR + 0.000% (Cap 5.500%, Floor 0.000%) 3.937(c) 08/12/25 EUR 3,216 3,437,578
Sr. Unsec’d. Notes, EMTN, EURIBOR ICE SWAP 11:00 Fft 20Y Index + 0.000% (Cap 12.000%, Floor 5.220%)^ 5.220(c) 08/24/30 EUR 5,000 5,679,619
Sr. Unsec’d. Notes, EMTN, 3 Month SOFR + 0.262% (Cap N/A, Floor 0.000%) 5.650(c) 11/30/24   40 39,550
     
 
Greystone Commercial Capital Trust,
Sr. Unsec’d. Notes, Series A, 144A, 1 Month LIBOR + 2.270%^
7.722(c) 05/31/25   19,100 18,049,500
HCA, Inc.,          
Gtd. Notes 5.250 06/15/49   1,500 1,385,972
Gtd. Notes 5.625 09/01/28   700 713,079
Gtd. Notes 7.500 11/06/33   2,000 2,255,591
22

PGIM Global Total Return 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.)
HCA, Inc., (cont’d.)          
Gtd. Notes, MTN 7.750 % 07/15/36   2,000   $2,324,435
     
 
Hilcorp Energy I LP/Hilcorp Finance Co.,
Sr. Unsec’d. Notes, 144A
8.375 11/01/33   1,000 1,074,290
Honeywell International, Inc.,          
Sr. Unsec’d. Notes 0.750 03/10/32 EUR 3,000 2,669,318
Sr. Unsec’d. Notes 3.750 05/17/32 EUR 4,900 5,439,042
     
 
Housing & Urban Development Corp. Ltd. AID Bond,
U.S. Gov’t. Gtd. Notes, 6 Month LIBOR + 0.035%
5.937(c) 09/15/30   800 799,849
Hunt Cos., Inc.,
Sr. Sec’d. Notes, 144A
5.250 04/15/29   5,750 5,342,872
Huntington Bancshares, Inc.,
Sr. Unsec’d. Notes
6.208(ff) 08/21/29   1,505 1,555,072
International Game Technology PLC,
Sr. Sec’d. Notes, 144A
4.125 04/15/26   4,000 3,863,120
IQVIA, Inc.,
Gtd. Notes, 144A
2.250 01/15/28 EUR 1,800 1,818,760
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc.,
Gtd. Notes
5.125 02/01/28   1,373 1,361,282
Jefferies Financial Group, Inc.,
Sr. Unsec’d. Notes
2.750 10/15/32   9,275 7,603,699
John Sevier Combined Cycle Generation LLC,
Sec’d. Notes
4.626 01/15/42   3,706 3,461,263
JPMorgan Chase & Co.,          
Jr. Sub. Notes, Series HH 4.600(ff) 02/01/25(oo)   23,506 22,870,965
Sr. Unsec’d. Notes 5.012(ff) 01/23/30   8,300 8,343,693
     
 
JPMorgan Chase Bank, NA,
Sr. Unsec’d. Notes
4.762(s) 03/17/48 ITL(jj) 29,800,000 4,025,305
KB Home,
Gtd. Notes
6.875 06/15/27   1,650 1,701,377
Kimco Realty OP LLC,
Gtd. Notes
2.250 12/01/31   4,160 3,384,683
Kraft Heinz Foods Co.,
Gtd. Notes
4.875 10/01/49   15 13,880
Lamb Weston Holdings, Inc.,          
Gtd. Notes, 144A 4.125 01/31/30   75 68,455
Gtd. Notes, 144A 4.375 01/31/32   1,650 1,479,557
     
 
Legacy LifePoint Health LLC,
Sr. Sec’d. Notes, 144A
4.375 02/15/27   75 70,337
23

PGIM Global Total Return 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.)
Level 3 Financing, Inc.,          
Gtd. Notes, 144A (original cost $250,750; purchased 11/03/23 - 11/08/23)(f) 4.250 % 07/01/28   425  $238,000
Gtd. Notes, 144A  (original cost $131,750; purchased 11/03/23)(f) 4.625 09/15/27   200 123,000
Sr. Sec’d. Notes, 144A (original cost $4,062,655; purchased 12/05/19)(f) 3.400 03/01/27   4,042 3,971,265
Sr. Sec’d. Notes, 144A (original cost $852,750; purchased 11/03/23)(f) 10.500 05/15/30   900 896,956
     
 
Liberty Mutual Group, Inc.,
Gtd. Notes, 144A
3.951 10/15/50   90 69,971
LifePoint Health, Inc.,
Gtd. Notes, 144A
5.375 01/15/29   3,000 2,371,507
Marathon Petroleum Corp.,
Sr. Unsec’d. Notes
6.500 03/01/41   9,050 9,861,132
Marriott International, Inc.,
Sr. Unsec’d. Notes, Series HH
2.850 04/15/31   9,115 7,907,961
Medline Borrower LP,          
Sr. Sec’d. Notes, 144A 3.875 04/01/29   5,575 5,048,280
Sr. Unsec’d. Notes, 144A 5.250 10/01/29   425 396,309
Medtronic Global Holdings SCA,          
Gtd. Notes 1.500 07/02/39 EUR 500 409,964
Gtd. Notes 1.750 07/02/49 EUR 2,100 1,588,016
     
 
MetLife, Inc.,
Sr. Unsec’d. Notes
0.769 05/23/29 JPY 600,000 3,930,299
Morgan Guaranty Trust Co.,
Sr. Unsec’d. Notes
1.146(s) 01/21/27 ITL(jj) 2,275,000 1,119,546
Morgan Stanley,          
Sr. Unsec’d. Notes 0.406(ff) 10/29/27 EUR 10,000 9,938,766
Sr. Unsec’d. Notes 5.173(ff) 01/16/30   5,575 5,619,932
Sr. Unsec’d. Notes, EMTN 0.000 04/02/32   17,400 10,853,250
Sr. Unsec’d. Notes, EMTN^ 0.500(cc) 06/26/43 MXN 16,700 171,032
Sr. Unsec’d. Notes, EMTN^ 0.500(cc) 09/25/43 MXN 33,900 341,610
Sr. Unsec’d. Notes, EMTN 5.632(s) 10/05/26 IDR 2,000,000 102,571
Sr. Unsec’d. Notes, EMTN 7.118(s) 06/28/27 MXN 27,000 1,085,916
Sr. Unsec’d. Notes, EMTN 7.500 12/15/27 MXN 33,300 1,789,066
Sr. Unsec’d. Notes, EMTN 7.926(s) 04/05/32 MXN 71,000 1,766,097
Sr. Unsec’d. Notes, EMTN 7.950(s) 11/07/31 MXN 56,000 1,455,314
Sr. Unsec’d. Notes, GMTN 1.875 03/06/30 EUR 1,100 1,053,833
     
 
MPLX LP,
Sr. Unsec’d. Notes
4.000 03/15/28   515 498,684
24

PGIM Global Total Return 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.)
Nationstar Mortgage Holdings, Inc.,          
Gtd. Notes, 144A 5.125 % 12/15/30   225  $202,594
Gtd. Notes, 144A 5.500 08/15/28   2,265 2,156,210
Gtd. Notes, 144A 6.000 01/15/27   735 723,830
NRG Energy, Inc.,          
Jr. Sub. Notes, 144A 10.250(ff) 03/15/28(oo)   650 684,424
Sr. Sec’d. Notes, 144A 3.750 06/15/24   5,600 5,538,423
     
 
Occidental Petroleum Corp.,
Sr. Unsec’d. Notes
6.450 09/15/36   35 37,320
OneMain Finance Corp.,
Gtd. Notes
4.000 09/15/30   1,500 1,268,037
ONEOK, Inc.,          
Gtd. Notes 3.100 03/15/30   7,350 6,602,591
Gtd. Notes 4.450 09/01/49   1,340 1,100,018
Gtd. Notes 5.550 11/01/26   2,080 2,115,137
Gtd. Notes 5.650 11/01/28   1,510 1,557,016
Gtd. Notes(a) 6.050 09/01/33   5,600 5,877,209
Organon & Co./Organon Foreign Debt Co-Issuer BV,          
Sr. Sec’d. Notes, 144A 4.125 04/30/28   800 730,914
Sr. Unsec’d. Notes, 144A(a) 5.125 04/30/31   1,725 1,483,355
     
 
Pactiv Evergreen Group Issuer LLC/Pactiv Evergreen Group Issuer, Inc.,
Sr. Sec’d. Notes, 144A
4.375 10/15/28   725 676,392
Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC,
Sr. Sec’d. Notes, 144A
4.000 10/15/27   1,942 1,811,817
Permian Resources Operating LLC,
Gtd. Notes, 144A
8.000 04/15/27   1,825 1,889,928
Pilgrim’s Pride Corp.,
Gtd. Notes
4.250 04/15/31   4,550 4,099,197
Post Holdings, Inc.,
Sr. Unsec’d. Notes, 144A
4.500 09/15/31   2,325 2,087,597
Procter & Gamble Co. (The),
Sr. Unsec’d. Notes, 3 Month SOFR + (0.038)%
5.346(c) 12/15/54   587 577,733
Prologis Yen Finance LLC,          
Gtd. Notes 0.885 06/27/36 JPY 200,000 1,135,384
Gtd. Notes 0.972 09/25/28 JPY 700,000 4,641,822
Gtd. Notes 1.003 06/24/32 JPY 1,500,000 9,334,027
Gtd. Notes 1.222 06/22/35 JPY 200,000 1,193,801
Realty Income Corp.,          
Sr. Unsec’d. Notes 2.200 06/15/28   480 431,756
Sr. Unsec’d. Notes 4.875 07/06/30 EUR 5,300 6,023,031
25

PGIM Global Total Return 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.)
     
 
Sally Holdings LLC/Sally Capital, Inc.,
Gtd. Notes
5.625 % 12/01/25   4,525  $4,477,816
Southaven Combined Cycle Generation LLC,
Sec’d. Notes
3.846 08/15/33   10 9,775
Southwestern Energy Co.,
Gtd. Notes
5.375 02/01/29   2,000 1,956,585
Sprint Capital Corp.,
Gtd. Notes
8.750 03/15/32   1,985 2,438,512
Sprint LLC,
Gtd. Notes
7.625 02/15/25   300 304,944
Standard Industries, Inc.,
Sr. Unsec’d. Notes, 144A
4.375 07/15/30   4,550 4,134,766
Stellantis Finance US, Inc.,
Gtd. Notes, 144A
2.691 09/15/31   3,645 3,052,516
Tallgrass Energy Partners LP/Tallgrass Energy
Finance Corp.,
         
Gtd. Notes, 144A 5.500 01/15/28   2,625 2,509,690
Gtd. Notes, 144A 6.000 12/31/30   1,700 1,583,804
Taylor Morrison Communities, Inc.,          
Gtd. Notes, 144A 5.750 01/15/28   2,723 2,708,902
Sr. Unsec’d. Notes, 144A 5.125 08/01/30   175 167,144
Tenet Healthcare Corp.,          
Gtd. Notes 6.125 10/01/28   850 845,055
Sr. Sec’d. Notes 4.250 06/01/29   600 556,196
Sr. Sec’d. Notes 4.375 01/15/30   150 138,667
Sr. Sec’d. Notes 5.125 11/01/27   1,955 1,900,475
     
 
Texas Capital Bank NA,
Sr. Unsec’d. Notes, 144A, 3 Month LIBOR + 4.500%
10.092(c) 09/30/24   10,924 10,855,861
Thermo Fisher Scientific, Inc.,          
Sr. Unsec’d. Notes 2.875 07/24/37 EUR 450 456,329
Sr. Unsec’d. Notes 3.650 11/21/34 EUR 2,100 2,325,571
     
 
Time Warner Cable Enterprises LLC,
Sr. Sec’d. Notes
8.375 07/15/33   2,065 2,364,046
Tote Shipholdings LLC,
U.S. Gov’t. Gtd. Notes
3.400 10/16/40   88 81,660
Truist Financial Corp.,          
Sr. Unsec’d. Notes, MTN 5.435(ff) 01/24/30   3,280 3,308,994
Sr. Unsec’d. Notes, MTN 5.867(ff) 06/08/34   780 797,471
Sr. Unsec’d. Notes, MTN 7.161(ff) 10/30/29   2,345 2,530,968
     
 
U.S. Bancorp,
Jr. Sub. Notes
3.700(ff) 01/15/27(oo)   18,150 15,722,268
26

PGIM Global Total Return 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.)
     
UGI International LLC,
Gtd. Notes, 144A
2.500 % 12/01/29 EUR 8,225  $7,845,129
United Airlines, Inc.,          
Sr. Sec’d. Notes, 144A 4.375 04/15/26   3,750 3,620,751
Sr. Sec’d. Notes, 144A 4.625 04/15/29   950 879,965
United Rentals North America, Inc.,          
Gtd. Notes 3.750 01/15/32   250 220,016
Gtd. Notes 3.875 02/15/31   391 352,710
Gtd. Notes(a) 4.875 01/15/28   3,115 3,039,865
Gtd. Notes 5.250 01/15/30   2,340 2,298,933
     
 
Univision Communications, Inc.,
Sr. Sec’d. Notes, 144A
6.625 06/01/27   3,335 3,300,397
Vector Group Ltd.,
Sr. Sec’d. Notes, 144A
5.750 02/01/29   4,750 4,382,187
Ventas Realty LP,
Gtd. Notes
2.500 09/01/31   7,995 6,573,845
Verizon Communications, Inc.,          
Sr. Unsec’d. Notes 2.500 04/08/31 GBP 1,400 1,521,216
Sr. Unsec’d. Notes, MTN 2.650 05/06/30 AUD 1,600 894,852
Sr. Unsec’d. Notes, MTN 3.000 03/23/31 AUD 1,000 552,927
Sr. Unsec’d. Notes, Series MPLE 4.050 03/22/51 CAD 3,200 1,997,843
Viatris, Inc.,          
Gtd. Notes 3.850 06/22/40   4,410 3,336,952
Gtd. Notes 4.000 06/22/50   3,240 2,291,769
     
 
VICI Properties LP/VICI Note Co., Inc.,
Gtd. Notes, 144A
4.250 12/01/26   4,000 3,855,883
Vistra Corp.,          
Jr. Sub. Notes, 144A 7.000(ff) 12/15/26(oo)   2,650 2,582,455
Jr. Sub. Notes, 144A 8.000(ff) 10/15/26(oo)   9,650 9,684,288
Vistra Operations Co. LLC,          
Gtd. Notes, 144A 5.000 07/31/27   3,520 3,409,384
Sr. Sec’d. Notes, 144A 3.550 07/15/24   14,300 14,130,416
Warnermedia Holdings, Inc.,          
Gtd. Notes 5.050 03/15/42   4,355 3,860,771
Gtd. Notes 5.141 03/15/52   2,610 2,246,030
Gtd. Notes 5.391 03/15/62   154 132,726
Wells Fargo & Co.,          
Sr. Unsec’d. Notes 4.000 04/27/27 AUD 4,198 2,674,057
Sr. Unsec’d. Notes, GMTN 3.700 07/27/26 AUD 1,458 928,423
Sr. Unsec’d. Notes, MTN 2.572(ff) 02/11/31   7,890 6,857,683
Sr. Unsec’d. Notes, MTN 5.198(ff) 01/23/30   6,615 6,662,467
27

PGIM Global Total Return 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.)
Welltower OP LLC,          
Gtd. Notes 2.050 % 01/15/29   3,100  $2,723,010
Gtd. Notes 2.800 06/01/31   10,300 8,913,990
Gtd. Notes 3.100 01/15/30   5,600 5,071,320
     
 
WPC Eurobond BV,
Gtd. Notes
0.950 06/01/30 EUR 9,950 8,922,058
XPO, Inc.,
Gtd. Notes, 144A
7.125 02/01/32   735 749,670
          742,330,700
     
 
Total Corporate Bonds
(cost $1,436,157,508)
1,275,082,538
Floating Rate and Other Loans 0.8%
Jamaica 0.0%
Digicel International Finance Ltd.,
Term Loan, 3 Month SOFR + 6.750%
12.063(c) 05/29/27   440 405,524
United Kingdom 0.8%
Constellation Automotive Group Ltd.,
Facility B2 (First Lien), SONIA + 4.750%
9.938(c) 07/28/28 GBP 3,850 4,539,310
EG Group Ltd.,
Additional Second Lien Loan Facility, 3 Month EURIBOR + 7.000%
10.925(c) 04/30/27 EUR 16,813 16,523,170
          21,062,480
United States 0.0%
Diamond Sports Group LLC,          
First Lien Term Loan, 1 Month SOFR + 10.100% 15.453(c) 05/25/26   247 233,851
Second Lien Term Loan 8.175 08/24/26   7,155 466,543
     
 
Level 3 Financing, Inc.,
Tranche B 2027 Term Loan, 1 Month SOFR + 1.864%^
7.197(c) 03/01/27   390 374,400
28

PGIM Global Total Return 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 (Continued)
United States (cont’d.)
Lumen Technologies, Inc.,          
Term B Loan, 1 Month SOFR + 2.364% 7.697 %(c) 03/15/27   150  $102,848
Term Loan (p) 06/01/28   110 99,071
          1,276,713
     
 
Total Floating Rate and Other Loans
(cost $28,945,467)
22,744,717
Municipal Bond 0.2%
Puerto Rico 
Commonwealth of Puerto Rico,
General Obligation, Sub-Series C
(cost $5,723,889)
0.000(cc) 11/01/43   9,898 5,493,549
Residential Mortgage-Backed Securities 4.1%
United States 
Bayview Financing Trust,
Series 2023-01F, Class A, 144A, 30 Day Average SOFR + 4.000% (Cap N/A, Floor 4.000%)^
9.328(c) 07/01/26   2,308 2,307,717
Bellemeade Re Ltd.,
Series 2021-03A, Class M1B, 144A, 30 Day Average SOFR + 1.400% (Cap N/A, Floor 1.400%)
6.745(c) 09/25/31   1,200 1,197,936
Connecticut Avenue Securities Trust,          
Series 2020-R01, Class 1M2, 144A, 30 Day Average SOFR + 2.164% (Cap N/A, Floor 0.000%) 7.509(c) 01/25/40   348 353,031
Series 2021-R01, Class 1B1, 144A, 30 Day Average SOFR + 3.100% (Cap N/A, Floor 0.000%) 8.445(c) 10/25/41   1,000 1,024,690
Series 2021-R01, Class 1M2, 144A, 30 Day Average SOFR + 1.550% (Cap N/A, Floor 0.000%) 6.895(c) 10/25/41   240 241,351
Series 2022-R01, Class 1B1, 144A, 30 Day Average SOFR + 3.150% (Cap N/A, Floor 0.000%) 8.495(c) 12/25/41   340 348,282
Series 2022-R01, Class 1M2, 144A, 30 Day Average SOFR + 1.900% (Cap N/A, Floor 0.000%) 7.245(c) 12/25/41   100 100,904
29

PGIM Global Total Return 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.)
Connecticut Avenue Securities Trust, (cont’d.)          
Series 2022-R04, Class 1M2, 144A, 30 Day Average SOFR + 3.100% (Cap N/A, Floor 0.000%) 8.445 %(c) 03/25/42   1,200  $1,249,472
Series 2023-R06, Class 1M2, 144A, 30 Day Average SOFR + 2.700% (Cap N/A, Floor 0.000%) 8.045(c) 07/25/43   270 280,568
Series 2023-R08, Class 1M2, 144A, 30 Day Average SOFR + 2.500% (Cap N/A, Floor 0.000%) 7.845(c) 10/25/43   680 702,765
     
 
Credit Suisse Mortgage Trust,
Series 2020-RPL06, Class A1, 144A
3.385(cc) 03/25/59   1,892 1,884,303
Eagle Re Ltd.,          
Series 2021-01, Class M1C, 144A, 30 Day Average SOFR + 2.700% (Cap N/A, Floor 2.700%) 8.045(c) 10/25/33   2,135 2,145,037
Series 2021-02, Class M1C, 144A, 30 Day Average SOFR + 3.450% (Cap N/A, Floor 3.450%) 8.795(c) 04/25/34   3,500 3,582,031
Series 2023-01, Class M1A, 144A, 30 Day Average SOFR + 2.000% (Cap N/A, Floor 2.000%) 7.345(c) 09/26/33   700 702,303
Fannie Mae Connecticut Avenue Securities,          
Series 2021-R02, Class 2B1, 144A, 30 Day Average SOFR + 3.300% (Cap N/A, Floor 0.000%) 8.645(c) 11/25/41   260 267,626
Series 2021-R02, Class 2M2, 144A, 30 Day Average SOFR + 2.000% (Cap N/A, Floor 0.000%) 7.345(c) 11/25/41   1,440 1,450,786
     
 
Fannie Mae REMIC,
Series 2012-107, Class GI, IO
3.500 09/25/27   1,131 32,160
FHLMC Structured Agency Credit Risk REMIC Trust,          
Series 2020-DNA06, Class B1, 144A, 30 Day Average SOFR + 3.000% (Cap N/A, Floor 0.000%) 8.345(c) 12/25/50   400 419,252
Series 2020-HQA04, Class B1, 144A, 30 Day Average SOFR + 5.364% (Cap N/A, Floor 0.000%) 10.709(c) 09/25/50   1,123 1,234,451
Series 2020-HQA05, Class B1, 144A, 30 Day Average SOFR + 4.000% (Cap N/A, Floor 0.000%) 9.345(c) 11/25/50   595 657,749
30

PGIM Global Total Return 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 2020-HQA05, Class M2, 144A, 30 Day Average SOFR + 2.600% (Cap N/A, Floor 0.000%) 7.945 %(c) 11/25/50   1,287  $1,314,664
Series 2021-DNA01, Class B1, 144A, 30 Day Average SOFR + 2.650% (Cap N/A, Floor 0.000%) 7.995(c) 01/25/51   2,995 3,116,687
Series 2021-DNA01, Class M2, 144A, 30 Day Average SOFR + 1.800% (Cap N/A, Floor 0.000%) 7.145(c) 01/25/51   8,261 8,341,681
Series 2021-DNA02, Class B1, 144A, 30 Day Average SOFR + 3.400% (Cap N/A, Floor 0.000%) 8.745(c) 08/25/33   1,700 1,849,167
Series 2021-DNA03, Class B1, 144A, 30 Day Average SOFR + 3.500% (Cap N/A, Floor 0.000%) 8.845(c) 10/25/33   600 658,878
Series 2021-DNA03, Class M2, 144A, 30 Day Average SOFR + 2.100% (Cap N/A, Floor 0.000%) 7.445(c) 10/25/33   250 252,970
Series 2021-DNA05, Class B1, 144A, 30 Day Average SOFR + 3.050% (Cap N/A, Floor 0.000%) 8.395(c) 01/25/34   2,430 2,560,516
Series 2021-DNA05, Class M2, 144A, 30 Day Average SOFR + 1.650% (Cap N/A, Floor 0.000%) 6.995(c) 01/25/34   1,061 1,065,769
Series 2021-DNA06, Class B1, 144A, 30 Day Average SOFR + 3.400% (Cap N/A, Floor 0.000%) 8.745(c) 10/25/41   320 328,993
Series 2021-DNA06, Class M2, 144A, 30 Day Average SOFR + 1.500% (Cap N/A, Floor 0.000%) 6.845(c) 10/25/41   100 99,905
Series 2021-DNA07, Class M2, 144A, 30 Day Average SOFR + 1.800% (Cap N/A, Floor 0.000%) 7.145(c) 11/25/41   830 835,186
Series 2021-HQA01, Class B1, 144A, 30 Day Average SOFR + 3.000% (Cap N/A, Floor 0.000%) 8.345(c) 08/25/33   13,800 14,644,904
Series 2021-HQA01, Class M2, 144A, 30 Day Average SOFR + 2.250% (Cap N/A, Floor 0.000%) 7.595(c) 08/25/33   15,687 15,947,046
31

PGIM Global Total Return 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-HQA02, Class B1, 144A, 30 Day Average SOFR + 3.150% (Cap N/A, Floor 0.000%) 8.495 %(c) 12/25/33   2,000  $2,141,260
Series 2021-HQA03, Class B1, 144A, 30 Day Average SOFR + 3.350% (Cap N/A, Floor 0.000%) 8.695(c) 09/25/41   150 153,636
Series 2021-HQA03, Class M2, 144A, 30 Day Average SOFR + 2.100% (Cap N/A, Floor 0.000%) 7.445(c) 09/25/41   3,350 3,364,560
Series 2021-HQA04, Class M2, 144A, 30 Day Average SOFR + 2.350% (Cap N/A, Floor 0.000%) 7.695(c) 12/25/41   2,350 2,358,084
Series 2022-DNA01, Class M1B, 144A, 30 Day Average SOFR + 1.850% (Cap N/A, Floor 0.000%) 7.195(c) 01/25/42   300 300,564
Series 2022-DNA01, Class M2, 144A, 30 Day Average SOFR + 2.500% (Cap N/A, Floor 0.000%) 7.845(c) 01/25/42   100 100,928
Series 2022-DNA02, Class M1B, 144A, 30 Day Average SOFR + 2.400% (Cap N/A, Floor 0.000%) 7.745(c) 02/25/42   700 714,871
Series 2022-DNA04, Class M1B, 144A, 30 Day Average SOFR + 3.350% (Cap N/A, Floor 0.000%) 8.695(c) 05/25/42   300 315,541
     
 
Freddie Mac REMIC,
Series 4166, Class IO, IO
3.500 02/15/43   4,100 677,969
GCAT Asset-Backed Notes,
Series 2021-01, Class A1, 144A
2.487 11/25/49   10,506 10,062,760
Home Re Ltd.,          
Series 2019-01, Class M1, 144A, 30 Day Average SOFR + 1.764% (Cap N/A, Floor 0.000%) 7.109(c) 05/25/29   378 378,000
Series 2021-02, Class M1C, 144A, 30 Day Average SOFR + 2.800% (Cap N/A, Floor 0.000%) 8.145(c) 01/25/34   4,790 4,844,817
     
 
Legacy Mortgage Asset Trust,
Series 2020-GS01, Class A1, 144A
6.882(cc) 10/25/59   4,530 4,527,673
New Residential Mortgage Loan Trust,
Series 2018-04A, Class A1S, 144A, 1 Month SOFR + 0.864% (Cap N/A, Floor 0.750%)
6.200(c) 01/25/48   470 451,355
32

PGIM Global Total Return 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.)
     
Oaktown Re VI Ltd.,
Series 2021-01A, Class M1B, 144A, 30 Day Average SOFR + 2.050% (Cap N/A, Floor 2.050%)
7.395 %(c) 10/25/33   911  $912,820
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   1,278 1,277,941
Series 2021-02, Class M1B, 144A, 30 Day Average SOFR + 2.900% (Cap N/A, Floor 2.900%) 8.245(c) 04/25/34   700 709,510
     
 
PMT Credit Risk Transfer Trust,
Series 2019-02R, Class A, 144A, 1 Month SOFR + 3.864% (Cap N/A, Floor 2.750%)
9.201(c) 05/30/25   1,529 1,529,454
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   1,504 1,511,380
Radnor Re Ltd.,
Series 2021-02, Class M1B, 144A, 30 Day Average SOFR + 3.700% (Cap N/A, Floor 3.700%)
9.045(c) 11/25/31   5,100 5,220,893
     
 
Total Residential Mortgage-Backed Securities
(cost $110,046,327)
112,752,796
Sovereign Bonds 25.0%
Andorra 0.0%
Andorra International Bond,
Sr. Unsec’d. Notes, EMTN
1.250 05/06/31 EUR 400 368,346
Argentina 0.1%
Argentine Republic Government International Bond,          
Bonds 4.330 12/31/33(d) JPY 519,215 546,802
Sr. Unsec’d. Notes 0.670 12/31/38(d) JPY 1,637,456 1,255,295
Sr. Unsec’d. Notes 0.670 12/31/38(d) JPY 64,960 50,674
Sr. Unsec’d. Notes 0.670 12/31/38 JPY 1,812 1,413
Sr. Unsec’d. Notes 4.330 12/31/33 JPY 64,884 68,332
          1,922,516
33

PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Austria 0.1%
Republic of Austria Government International Bond,
Sr. Unsec’d. Notes, 144A, MTN
5.375 % 12/01/34 CAD 2,143  $1,745,960
Brazil 0.8%
Brazil Minas SPE via State of Minas Gerais,
Gov’t. Gtd. Notes
5.333 02/15/28   20,912 20,615,812
Brazilian Government International Bond,          
Sr. Unsec’d. Notes 10.250 01/10/28 BRL 2,890 600,860
Sr. Unsec’d. Notes, Series B 8.875 04/15/24   208 208,000
          21,424,672
Bulgaria 0.3%
Bulgaria Government International Bond,
Sr. Unsec’d. Notes, GMTN
3.125 03/26/35 EUR 8,212 8,131,452
Canada 0.0%
Canadian Government Bond,
Bonds(k)
4.000 06/01/41 CAD 650 524,189
City of Toronto,
Unsec’d. Notes
3.250 06/24/46 CAD 1,000 608,753
          1,132,942
Chile 0.1%
Bonos de la Tesoreria de la Republica en pesos,
Bonds
5.000 03/01/35 CLP 505,000 523,100
Chile Government International Bond,
Sr. Unsec’d. Notes(a)
1.440 02/01/29 EUR 1,884 1,845,160
          2,368,260
China 1.9%
China Government Bond,          
Sr. Unsec’d. Notes 3.310 11/30/25 CNH 4,000 563,844
Sr. Unsec’d. Notes 3.480 06/29/27 CNH 2,000 285,639
Sr. Unsec’d. Notes 3.600 05/21/30 CNH 18,500 2,701,599
Sr. Unsec’d. Notes 3.900 07/04/36 CNH 16,000 2,384,322
Sr. Unsec’d. Notes 3.950 06/29/43 CNH 40,000 6,106,461
Sr. Unsec’d. Notes 4.000 11/30/35 CNH 76,500 11,610,507
Sr. Unsec’d. Notes 4.100 05/21/45 CNH 62,000 9,673,621
Sr. Unsec’d. Notes 4.150 12/12/31 CNH 41,500 6,332,163
Sr. Unsec’d. Notes 4.400 12/12/46 CNH 48,500 7,931,280
34

PGIM Global Total Return 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 Bond, (cont’d.)          
Sr. Unsec’d. Notes 4.500 % 05/22/34 CNH 24,000   $3,810,457
     
 
Export-Import Bank of China (The),
Sr. Unsec’d. Notes
4.150 06/18/27 CNH 4,000 580,101
          51,979,994
Colombia 2.2%
Colombia Government International Bond,          
Sr. Unsec’d. Notes 8.000 04/20/33   1,600 1,696,500
Sr. Unsec’d. Notes 8.375 02/15/27   3,168 3,366,190
Sr. Unsec’d. Notes 9.850 06/28/27 COP 17,662,000 4,340,190
Sr. Unsec’d. Notes 11.850 03/09/28   1,000 1,172,940
Sr. Unsec’d. Notes, EMTN(a) 3.875 03/22/26 EUR 47,879 50,707,979
          61,283,799
Cyprus 0.9%
Cyprus Government International Bond,          
Sr. Unsec’d. Notes, EMTN 1.250 01/21/40 EUR 7,550 5,826,137
Sr. Unsec’d. Notes, EMTN 2.250 04/16/50 EUR 2,000 1,643,183
Sr. Unsec’d. Notes, EMTN 2.375 09/25/28 EUR 4,694 4,957,957
Sr. Unsec’d. Notes, EMTN 2.750 02/26/34 EUR 10,200 10,571,412
Sr. Unsec’d. Notes, EMTN 2.750 05/03/49 EUR 3,000 2,660,889
          25,659,578
Denmark 0.1%
Denmark Government Bond,          
Bonds 1.750 11/15/25 DKK 3,520 503,044
Bonds 4.500 11/15/39 DKK 1,800 328,439
Bonds, Series 10YR 0.500 11/15/27 DKK 12,110 1,646,759
Bonds, Series 10YR 0.500 11/15/29 DKK 4,300 566,725
Bonds, Series 30YR 0.250 11/15/52 DKK 5,000 397,126
          3,442,093
Egypt 0.0%
Egypt Government International Bond,
Sr. Unsec’d. Notes, 144A, MTN
4.750 04/16/26 EUR 700 612,757
35

PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Finland 0.1%
Kuntarahoitus OYJ,
Local Gov’t. Gtd. Notes, EMTN
3.050 % 09/24/32 SEK 13,000  $1,227,140
France 0.8%
Caisse Francaise de Financement Local,
Covered Bonds, EMTN
4.680 03/09/29 CAD 28,712 21,582,852
French Republic Government Bond OAT,
Bonds, 144A(k)
0.500 05/25/72 EUR 100 42,942
          21,625,794
Germany 0.0%
State of North Rhine-Westphalia,
Sr. Unsec’d. Notes, EMTN
7.500 06/08/27 MXN 500 25,858
Greece 2.9%
Hellenic Republic Government Bond,          
Bonds 4.300(cc) 02/24/25 EUR 1 1,087
Bonds 4.300(cc) 02/24/29 EUR 1 1,084
Bonds 4.300(cc) 02/24/30 EUR 2 2,162
Bonds 4.300(cc) 02/24/31 EUR 34 36,649
Bonds 4.300(cc) 02/24/32 EUR 60 64,362
Bonds 4.300(cc) 02/24/36 EUR 2 2,056
Bonds 4.300(cc) 02/24/39 EUR 1 1,052
Sr. Unsec’d. Notes, 144A(a) 1.875 02/04/35 EUR 60,000 55,866,045
Sr. Unsec’d. Notes, 144A 1.875 01/24/52 EUR 7,585 5,686,795
Hellenic Republic Government International Bond,          
Sr. Unsec’d. Notes 5.200 07/17/34 EUR 10,198 12,089,940
Sr. Unsec’d. Notes 6.140 04/14/28 EUR 5,400 6,479,408
          80,230,640
Hungary 0.2%
Hungary Government International Bond,          
Sr. Unsec’d. Notes 1.625 04/28/32 EUR 4,176 3,627,326
Sr. Unsec’d. Notes, 144A 2.125 09/22/31   1,375 1,093,125
          4,720,451
Indonesia 1.6%
Indonesia Government International Bond,          
Sr. Unsec’d. Notes 0.900 02/14/27 EUR 10,300 10,240,713
Sr. Unsec’d. Notes 1.000 07/28/29 EUR 8,500 7,980,294
36

PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Indonesia (cont’d.)
Indonesia Government International Bond, (cont’d.)          
Sr. Unsec’d. Notes 1.400 % 10/30/31 EUR 9,560  $8,717,196
Sr. Unsec’d. Notes 1.750 04/24/25 EUR 2,600 2,731,904
Sr. Unsec’d. Notes, EMTN 3.750 06/14/28 EUR 13,980 15,164,842
          44,834,949
Israel 0.2%
Israel Government International Bond,
Sr. Unsec’d. Notes, EMTN
6.875 10/21/34 GBP 3,435 4,965,188
Italy 2.2%
Cassa Del Trentino SPA,
Local Gov’t. Gtd. Notes, EMTN
1.160 06/17/26 EUR 783 818,081
Region of Lazio,
Sr. Unsec’d. Notes
3.088 03/31/43 EUR 6,249 6,095,226
Region of Umbria,
Sr. Unsec’d. Notes, 6 Month EURIBOR + 0.200%
4.282(c) 03/26/31 EUR 817 893,715
Repubic of Italy Government International Bond Coupon Strips,
Sr. Unsec’d. Notes
1.812(s) 02/20/31 EUR 5,458 4,632,533
Republic of Italy Government International Bond,          
Sr. Unsec’d. Notes 2.875 10/17/29   3,300 2,959,132
Sr. Unsec’d. Notes, EMTN 3.444 12/31/24 EUR 4 4,212
Sr. Unsec’d. Notes, EMTN, EURIBOR ICE SWAP 11:00 Fft 30Y Index + 0.000% (Cap N/A, Floor 4.250%) 4.250(c) 06/28/29 EUR 7,892 8,528,884
Sr. Unsec’d. Notes, EMTN 4.425 03/28/36 EUR 1,400 1,519,060
Sr. Unsec’d. Notes, EMTN 5.250 12/07/34 GBP 17,018 20,740,683
Sr. Unsec’d. Notes, EMTN 5.345 01/27/48 EUR 2,100 2,434,097
Sr. Unsec’d. Notes, MTN 5.375 06/15/33   10,107 10,114,414
Sr. Unsec’d. Notes, Series 67, EMTN, EURIBOR ICE SWAP 11:00 Fft 10Y Index + 0.000% (Cap 8.800%, Floor N/A) 2.988(c) 05/11/26 EUR 3,000 3,183,054
          61,923,091
Japan 0.1%
Japan Government Twenty Year Bond,
Bonds, Series 159 (k)
0.600 12/20/36 JPY 350,000 2,262,203
37

PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Kazakhstan 0.3%
Kazakhstan Government International Bond,
Sr. Unsec’d. Notes, EMTN (a)
1.500 % 09/30/34 EUR 9,400  $8,066,547
Malta 0.0%
Malta Government Bond,
Bonds
1.200 05/13/37 EUR 1,000 808,923
Mexico 0.8%
Mexico Government International Bond,          
Sr. Unsec’d. Notes 1.125 01/17/30 EUR 10,100 9,250,522
Sr. Unsec’d. Notes 1.450 10/25/33 EUR 4,825 4,008,553
Sr. Unsec’d. Notes(a) 2.875 04/08/39 EUR 5,000 4,248,502
Sr. Unsec’d. Notes 4.000 03/15/2115 EUR 950 781,549
Sr. Unsec’d. Notes, EMTN 5.625 03/19/2114 GBP 340 325,574
Sr. Unsec’d. Notes, Series 28 2.000 04/20/38 JPY 300,000 1,679,255
Sr. Unsec’d. Notes, Series A, MTN 7.500 04/08/33   875 993,141
          21,287,096
Montenegro 0.0%
Montenegro Government International Bond,
Sr. Unsec’d. Notes, 144A
3.375 04/21/25 EUR 750 795,222
Panama 0.6%
Panama Government International Bond,
Sr. Unsec’d. Notes
8.125 04/28/34   14,636 15,514,160
Peru 0.7%
Peruvian Government International Bond,          
Sr. Unsec’d. Notes 1.250 03/11/33 EUR 1,200 1,014,777
Sr. Unsec’d. Notes 2.750 01/30/26 EUR 7,718 8,186,537
Sr. Unsec’d. Notes 3.750 03/01/30 EUR 9,408 10,065,554
          19,266,868
Philippines 1.0%
Philippine Government International Bond,          
Sr. Unsec’d. Notes 0.700 02/03/29 EUR 5,365 5,043,352
Sr. Unsec’d. Notes 1.200 04/28/33 EUR 1,350 1,167,156
Sr. Unsec’d. Notes 1.750 04/28/41 EUR 1,085 816,395
Sr. Unsec’d. Notes, EMTN 0.875 05/17/27 EUR 4,000 3,961,846
38

PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Philippines (cont’d.)
Philippine Government International Bond, (cont’d.)          
Sr. Unsec’d. Notes, Series 11 0.990 % 08/15/28 JPY 800,000  $5,350,238
Sr. Unsec’d. Notes, Series 15 0.590 08/15/29 JPY 1,700,000 10,978,502
          27,317,489
Poland 0.0%
Republic of Poland Government International Bond,
Sr. Unsec’d. Notes, EMTN
3.220 08/04/34 JPY 100,000 719,847
Romania 0.7%
Romanian Government International Bond,          
Sr. Unsec’d. Notes, 144A, MTN 2.500 02/08/30 EUR 4,150 3,929,898
Sr. Unsec’d. Notes, EMTN 2.124 07/16/31 EUR 2,000 1,740,683
Sr. Unsec’d. Notes, EMTN 2.375 04/19/27 EUR 1,000 1,021,262
Sr. Unsec’d. Notes, EMTN(a) 3.375 02/08/38 EUR 2,138 1,802,219
Sr. Unsec’d. Notes, EMTN 3.500 04/03/34 EUR 1,000 918,595
Sr. Unsec’d. Notes, EMTN 3.875 10/29/35 EUR 1,000 917,622
Sr. Unsec’d. Notes, EMTN 4.125 03/11/39 EUR 2,966 2,684,486
Sr. Unsec’d. Notes, MTN 2.875 05/26/28 EUR 700 709,701
Unsec’d. Notes, 144A, MTN 2.124 07/16/31 EUR 3,600 3,133,230
Unsec’d. Notes, 144A, MTN 2.875 05/26/28 EUR 1,100 1,115,245
          17,972,941
Saudi Arabia 0.4%
Saudi Government International Bond,
Sr. Unsec’d. Notes
2.000 07/09/39 EUR 14,656 11,958,248
Serbia 1.0%
Serbia International Bond,          
Sr. Unsec’d. Notes 1.500 06/26/29 EUR 6,000 5,438,623
Sr. Unsec’d. Notes 3.125 05/15/27 EUR 15,595 16,095,108
Sr. Unsec’d. Notes, 144A(a) 2.125 12/01/30   9,015 7,189,462
          28,723,193
39

PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Slovenia 0.1%
Slovenia Government Bond,
Unsec’d. Notes, Series RS86
0.000 % 02/12/31 EUR 100  $88,551
Slovenia Government International Bond,
Bonds, 144A
5.000 09/19/33   3,200 3,258,752
          3,347,303
South Korea 0.1%
Export-Import Bank of Korea,          
Sr. Unsec’d. Notes, 144A, MTN 6.700 12/02/24 IDR 40,000 2,531
Sr. Unsec’d. Notes, 144A, MTN 8.000 05/15/24 IDR 6,800,000 431,352
Sr. Unsec’d. Notes, EMTN 7.250 12/07/24 IDR 10,000,000 636,008
Sr. Unsec’d. Notes, EMTN 8.000 05/15/24 IDR 19,600,000 1,244,811
          2,314,702
Spain 2.3%
Autonomous Community of Catalonia,          
Sr. Unsec’d. Notes 4.690 10/28/34 EUR 598 678,384
Sr. Unsec’d. Notes, EMTN, EURIBOR ICE SWAP 11:00 Fft 10Y Index + 0.000% (Cap 12.000%, Floor 5.480%) 5.480(c) 05/11/29 EUR 1,000 1,183,648
Sr. Unsec’d. Notes, EMTN 5.900 05/28/30 EUR 3,250 3,872,029
Sr. Unsec’d. Notes, EMTN 6.350 11/30/41 EUR 2,100 2,757,202
Spain Government Bond,          
Sr. Unsec’d. Notes, 144A 1.000 10/31/50 EUR 10,600 6,248,407
Sr. Unsec’d. Notes, 144A 1.200 10/31/40 EUR 2,500 1,904,013
Sr. Unsec’d. Notes, 144A(k) 1.850 07/30/35 EUR 7,225 6,785,666
Sr. Unsec’d. Notes, 144A 3.450 07/30/66 EUR 4,200 4,118,226
Spain Government Bond Coupon Strips,          
Bonds 0.246(s) 01/31/32 EUR 3,900 3,308,484
Bonds(k) 0.320(s) 01/31/33 EUR 2,100 1,731,630
Bonds 0.449(s) 07/30/29 EUR 438 406,753
Bonds 0.958(s) 01/31/35 EUR 168 125,830
Bonds 1.027(s) 01/31/36 EUR 168 120,319
Bonds 1.078(s) 01/31/37 EUR 168 115,824
Bonds 1.296(s) 07/30/41 EUR 436 247,203
Bonds, Series CAC(k) 0.579(s) 07/30/29 EUR 3,600 3,335,202
Bonds, Series CAC 1.128(s) 07/30/36 EUR 862 609,399
Bonds, Series CAC 1.212(s) 07/30/37 EUR 862 581,527
Bonds, Series CAC 1.297(s) 07/30/38 EUR 862 556,358
Bonds, Series CAC 1.365(s) 07/30/42 EUR 300 160,562
Bonds, Series CAC 1.405(s) 07/30/43 EUR 300 153,274
40

PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Spain (cont’d.)
Spain Government Bond Coupon Strips, (cont’d.)          
Bonds, Series CAC 1.455 %(s) 07/30/44 EUR 300  $151,322
Bonds, Series CAC 1.475(s) 07/30/45 EUR 300 145,566
Bonds, Series CAC 1.485(s) 07/30/46 EUR 300 139,799
Bonds, Series CAC 1.504(s) 07/30/47 EUR 300 134,931
Bonds, Series CAC 1.514(s) 07/30/48 EUR 300 130,205
Bonds, Series CAC 1.544(s) 07/30/49 EUR 300 124,967
Bonds, Series CAC 1.564(s) 07/30/50 EUR 300 116,806
Bonds, Series CAC 1.594(s) 07/30/51 EUR 300 111,028
Bonds, Series CAC 1.623(s) 07/30/52 EUR 300 107,480
Bonds, Series CAC 1.663(s) 07/30/53 EUR 300 101,971
Bonds, Series CAC 1.683(s) 07/30/54 EUR 300 98,173
Bonds, Series CAC 1.703(s) 07/30/55 EUR 300 94,082
Bonds, Series CAC 1.732(s) 07/30/56 EUR 300 85,361
Bonds, Series CAC 1.772(s) 07/30/57 EUR 300 81,412
Bonds, Series CAC 1.782(s) 07/30/58 EUR 300 81,366
Bonds, Series CAC 1.812(s) 07/30/59 EUR 300 74,496
Bonds, Series CAC 1.851(s) 07/30/60 EUR 300 73,594
Bonds, Series CAC 1.871(s) 07/30/61 EUR 300 69,626
Bonds, Series CAC 1.891(s) 07/30/62 EUR 300 64,994
Bonds, Series CAC 1.921(s) 07/30/63 EUR 300 62,566
Bonds, Series CAC 1.950(s) 07/30/64 EUR 300 59,306
Bonds, Series CAC 1.980(s) 07/30/65 EUR 300 56,398
Bonds, Series CAC 2.010(s) 07/30/66 EUR 300 55,615
     
 
Spain Government Bond Principal Strips,
Bonds
0.794(s) 07/30/41 EUR 1,700 958,810
Spain Government International Bond,
Sr. Unsec’d. Notes, EMTN
5.250 04/06/29 GBP 16,080 21,017,040
          63,196,854
Sweden 0.0%
Svensk Exportkredit AB,          
Sr. Unsec’d. Notes, EMTN 8.904(s) 06/25/27 ZAR 1,400 55,248
Sr. Unsec’d. Notes, MTN 2.665(s) 05/11/37   110 56,854
     
 
Sweden Government Bond,
Bonds, Series 1053(k)
3.500 03/30/39 SEK 10,000 1,099,270
          1,211,372
Tunisia 0.0%
Tunisian Republic,
Sr. Unsec’d. Notes
4.200 03/17/31 JPY 100,000 342,778
41

PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Sovereign Bonds (Continued)
Ukraine 0.1%
Ukraine Government International Bond,
Sr. Unsec’d. Notes
4.375 % 01/27/32(d) EUR 13,211  $2,983,920
United Kingdom 2.3%
HM Treasury UK Sovereign Sukuk PLC,
Unsec’d. Notes(k)
0.333 07/22/26 GBP 500 578,753
Jersey International Bond,
Sr. Unsec’d. Notes
3.750 06/09/54 GBP 834 819,236
United Kingdom Gilt,          
Bonds(k) 0.875 01/31/46 GBP 100 64,065
Bonds(k) 1.125 01/31/39 GBP 100 83,180
Bonds(k) 1.250 10/22/41 GBP 100 78,935
Bonds(k) 1.250 07/31/51 GBP 100 63,232
Bonds(k) 1.500 07/22/47 GBP 100 72,811
Bonds(k) 1.625 10/22/71 GBP 100 60,194
Bonds(k) 1.750 01/22/49 GBP 100 75,715
Bonds(k) 1.750 07/22/57 GBP 100 68,849
Bonds(k) 2.500 07/22/65 GBP 100 82,513
Bonds(k) 3.250 01/22/44 GBP 100 107,211
Bonds 3.500 07/22/68 GBP 100 106,515
Bonds(k) 3.750 07/22/52 GBP 100 112,655
Bonds 4.000 01/22/60 GBP 100 118,054
Bonds(k) 4.250 03/07/36 GBP 300 389,098
Bonds(k) 4.250 09/07/39 GBP 180 227,863
Bonds(k) 4.250 12/07/40 GBP 100 125,871
Bonds(k) 4.250 12/07/46 GBP 4,475 5,515,437
Bonds(k) 4.250 12/07/49 GBP 100 122,733
Bonds 4.250 12/07/55 GBP 100 122,828
Bonds(k) 4.500 06/07/28 GBP 40,700 53,153,304
Bonds(k) 4.500 12/07/42 GBP 100 128,968
Bonds(k) 4.750 12/07/38 GBP 100 134,490
          62,412,510
Uruguay 0.0%
Uruguay Government International Bond,
Sr. Unsec’d. Notes, Series 8
1.320 12/09/36 JPY 100,000 592,322
     
 
Total Sovereign Bonds
(cost $839,886,227)
690,719,978
U.S. Government Agency Obligations 0.7%
Federal National Mortgage Assoc. 5.375 12/07/28 GBP 15,000 19,823,297
42

PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
U.S. Government Agency Obligations (Continued)
Sri Lanka Government AID Bond
U.S. Gov’t. Gtd. Notes, 3 Month LIBOR + 0.300%^
5.953 %(c) 11/01/24 USD 500  $495,000
     
 
Total U.S. Government Agency Obligations
(cost $25,368,676)
20,318,297
U.S. Treasury Obligations 0.4%
U.S. Treasury Bonds(k) 1.125 08/15/40   160 100,500
U.S. Treasury Bonds(h)(k) 2.250 05/15/41   545 409,091
U.S. Treasury Notes(h)(k) 1.500 11/30/28   55 49,259
U.S. Treasury Notes(h) 1.750 03/15/25   325 314,780
U.S. Treasury Notes(h)(k) 1.875 02/15/32   1,615 1,387,638
U.S. Treasury Notes(h)(k) 2.875 05/15/32   2,035 1,882,693
U.S. Treasury Notes(h)(k) 3.875 12/31/27   1,025 1,022,918
U.S. Treasury Notes(h)(k) 4.375 10/31/24   3,400 3,386,055
U.S. Treasury Strips Coupon 1.872(s) 05/15/31   85 63,690
U.S. Treasury Strips Coupon(h) 1.888(s) 08/15/29   345 277,429
U.S. Treasury Strips Coupon(h) 2.089(s) 11/15/35   800 489,875
U.S. Treasury Strips Coupon(h) 2.251(s) 08/15/40   800 383,688
     
 
Total U.S. Treasury Obligations
(cost $10,669,550)
9,767,616
    
      Shares  
Common Stocks 0.1%
Jamaica 0.0%
Digicel International Finance Ltd.
(original Cost $71,769; purchased 01/29/24 - 01/30/24)*(f)
      59,495 107,091
United States 0.1%
Chesapeake Energy Corp.       36,731 2,832,327
Ferrellgas Partners LP (Class B Stock)
(original cost $749,975; purchased 10/20/14)(f)
      2,731 448,967
          3,281,294
     
 
Total Common Stocks
(cost $690,302)
3,388,385
43

PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description     Shares Value
Preferred Stocks 0.0%
Jamaica 0.0%
Digicel International Finance Ltd.
(original cost $165,830; purchased 01/26/24 - 01/29/24)*^(f)
(cost $165,830)
      19,085  $190,850
United States 0.0%
Citigroup Capital XIII, 11.949%(c), 3 Month SOFR + 6.632%
(cost $100,000)
      4,000 116,120
     
 
Total Preferred Stocks
(cost $265,830)
306,970
     
 
 
Total Long-Term Investments
(cost $3,053,175,660)
2,689,895,052
 
Short-Term Investments 3.1%
Affiliated Mutual Funds 3.1%
PGIM Core Government Money Market Fund (7-day effective yield 5.560%)(wb)     37,833,837 37,833,837
PGIM Institutional Money Market Fund (7-day effective yield 5.727%)
(cost $49,432,873; includes $49,254,977 of cash collateral for securities on loan)(b)(wb)
    49,470,175 49,455,333
     
 
 
Total Short-Term Investments
(cost $87,266,710)
87,289,170
     
 
TOTAL INVESTMENTS, BEFORE OPTIONS WRITTEN100.4%
(cost $3,140,442,370)
2,777,184,222
Options Written*~ (0.0)%
(premiums received $0) (122)
 
TOTAL INVESTMENTS, NET OF OPTIONS WRITTEN100.4%
(cost $3,140,442,370)
2,777,184,100
Liabilities in excess of other assets(z) (0.4)% (11,482,780)
 
Net Assets 100.0% $2,765,701,320

Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
    
AUD—Australian Dollar
BRL—Brazilian Real
CAD—Canadian Dollar
CHF—Swiss Franc
CLP—Chilean Peso
CNH—Chinese Renminbi
COP—Colombian Peso
44

PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
CZK—Czech Koruna
DKK—Danish Krone
EUR—Euro
GBP—British Pound
HKD—Hong Kong Dollar
HUF—Hungarian Forint
IDR—Indonesian Rupiah
ILS—Israeli Shekel
ITL—Italian Lira
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
RON—Romanian Leu
SAR—Saudi Arabian Riyal
SEK—Swedish Krona
SGD—Singapore Dollar
THB—Thai Baht
TWD—New Taiwanese Dollar
USD—US Dollar
ZAR—South African Rand
    
144A—Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, pursuant to the requirements of Rule 144A, may not be resold except to qualified institutional buyers.
A—Annual payment frequency for swaps
ABS—Asset-Backed Security
AID—Agency for International Development
BARC—Barclays Bank PLC
BBR—New Zealand Bank Bill Rate
BBSW—Australian Bank Bill Swap Reference Rate
BNP—BNP Paribas S.A.
BOA—Bank of America, N.A.
BUBOR—Budapest Interbank Offered Rate
CAC—French Stock Market Index
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
EURIBOR—Euro Interbank Offered Rate
EuroSTR—Euro Short-Term Rate
GMTN—Global Medium Term Note
GS—Goldman Sachs & Co. LLC
45

PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
GSI—Goldman Sachs International
HICP—Harmonised Index of Consumer Prices
HSBC—HSBC Bank PLC
ICE—Intercontinental Exchange
IO—Interest Only (Principal amount represents notional)
JIBAR—Johannesburg Interbank Agreed Rate
JPM—JPMorgan Chase Bank N.A.
KLIBOR—Kuala Lumpur Interbank Offered Rate
KWCDC—Korean Won Certificate of Deposit
LIBOR—London Interbank Offered Rate
LP—Limited Partnership
M—Monthly payment frequency for swaps
MASTR—Morgan Stanley Structured Asset Security
MPLE—Maple Bonds
MSI—Morgan Stanley & Co International PLC
MTN—Medium Term Note
MUNIPSA—Municipal Swap Weekly Yield Index
NIBOR—Norwegian Interbank Offered Rate
OAT—Obligations Assimilables du Tresor
OTC—Over-the-counter
PIK—Payment-in-Kind
PJSC—Public Joint-Stock Company
Q—Quarterly payment frequency for swaps
REMIC—Real Estate Mortgage Investment Conduit
S—Semiannual payment frequency for swaps
SAIBOR—Saudi Arabian Interbank Offered Rate
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
STRIPs—Separate Trading of Registered Interest and Principal of Securities
T—Swap payment upon termination
TAIBOR—Taiwan Interbank Offered Rate
TD—The Toronto-Dominion Bank
TELBOR—Tel Aviv Interbank Offered Rate
THOR—Thai Overnight Repurchase Rate
TONAR—Tokyo Overnight Average Rate
UBS—UBS Securities LLC
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.
~ See tables subsequent to the Schedule of Investments for options detail. Options with maturity dates greater than one year from date of acquisition would be considered long-term investments.
^ Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $42,915,226 and 1.6% of net assets.
46

PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
(a) All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $47,574,510; cash collateral of $49,254,977 (included in liabilities) was received with which the Fund purchased highly liquid short-term investments. In the event of significant appreciation in value of securities on loan on the last business day of the reporting period, the Fund may reflect a collateral value that is less than the market value of the loaned securities and such shortfall is remedied the following business day.
(b) Represents security, or portion thereof, purchased with cash collateral received for securities on loan and includes dividend reinvestment.
(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 $20,050,989. The aggregate value of $16,347,186 is 0.6% 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.
(h) Represents security, or a portion thereof, segregated as collateral for OTC derivatives.
(jj) Represents original contract currency denomination, settlement to occur in Euro currency.
(k) Represents security, or a portion thereof, segregated as collateral for centrally cleared/exchange-traded derivatives.
(oo) Perpetual security. Maturity date represents next call date.
(p) Represents a security with a delayed settlement and therefore the interest rate is not available until settlement which is after the period end.
(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:
Options Written:
OTC Swaptions
Description   Call/
Put
  Counterparty   Expiration
Date
  Strike   Receive   Pay   Notional
Amount
(000)#
  Value
GS_21-PJA††^   Put   GSI   06/17/24   0.25%   0.25%(M)   GS_21-PJA(M)     69,580    $(122)
(premiums received $0)                      
†† The value of the contract, GS_21-PJA is derived from the aggregate credit performance of a pool of senior prime jumbo mortgages. The pool of prime jumbo mortgages is reset monthly.
    
Futures contracts outstanding at January 31, 2024:
Number
of
Contracts
  Type   Expiration
Date
  Current
Notional
Amount
  Value /
Unrealized
Appreciation
(Depreciation)
Long Positions:
25   1 Day Interbank Deposit   Dec. 2028    $51,606    $(12,276)
460   3 Month CME SOFR   Jun. 2024   109,152,250   (27,114)
460   3 Month CME SOFR   Sep. 2024   109,698,500   10,907
47

PGIM Global Total Return 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):
460   3 Month CME SOFR   Dec. 2024    $110,187,250    $26,854
1,293   2 Year U.S. Treasury Notes   Mar. 2024   265,913,531   (109,528)
627   10 Year U.S. Treasury Notes   Mar. 2024   70,429,738   479,777
578   10 Year U.S. Ultra Treasury Notes   Mar. 2024   67,553,750   97,201
9   30 Year Euro Buxl   Mar. 2024   1,337,950   59,193
523   30 Year U.S. Ultra Treasury Bonds   Mar. 2024   67,581,406   (377,833)
1,855   Japanese Yen Currency   Mar. 2024   159,611,156   (559,248)
                (412,067)
Short Positions:
1,069   3 Month CME SOFR   Mar. 2024   252,938,762   (48,725)
266   3 Month CME SOFR   Mar. 2025   63,956,375   (18,116)
330   3 Month CME SOFR   Jun. 2025   79,579,500   (11,536)
330   3 Month CME SOFR   Sep. 2025   79,740,375   (5,099)
330   3 Month CME SOFR   Dec. 2025   79,831,125   (7,375)
188   5 Year Euro-Bobl   Mar. 2024   24,081,930   (172,042)
523   5 Year U.S. Treasury Notes   Mar. 2024   56,688,299   (108,450)
751   10 Year Euro-Bund   Mar. 2024   110,256,634   (2,288,348)
141   20 Year U.S. Treasury Bonds   Mar. 2024   17,250,469   107,889
1,470   British Pound Currency   Mar. 2024   116,819,063   (58,330)
477   Euro Currency   Mar. 2024   64,755,731   371,529
1,358   Euro Schatz Index   Mar. 2024   155,843,446   (478,082)
                (2,716,685)
                $(3,128,752)
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 04/19/24   BARC   AUD 43,739    $29,294,453    $28,767,543    $   $(526,910)
Brazilian Real,
Expiring 02/02/24   CITI   BRL 15,784   3,169,293   3,185,148   15,855  
Expiring 02/02/24   DB   BRL 3,508   712,718   707,882     (4,836)
British Pound,
Expiring 04/19/24   MSI   GBP 2,027   2,571,967   2,570,371     (1,596)
Canadian Dollar,
Expiring 04/19/24   BNP   CAD 48,074   35,771,744   35,794,234   22,490  
Chilean Peso,
Expiring 03/20/24   BNP   CLP 1,149,859   1,301,543   1,232,063     (69,480)
48

PGIM Global Total Return 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.):
Chinese Renminbi,
Expiring 04/24/24   JPM   CNH 766,715    $107,411,631    $107,256,864    $   $(154,767)
Expiring 04/24/24   JPM   CNH 353,761   49,976,854   49,488,160     (488,694)
Czech Koruna,
Expiring 04/19/24   MSI   CZK 116,874   5,125,682   5,079,029     (46,653)
Danish Krone,
Expiring 04/19/24   JPM   DKK 15,166   2,237,502   2,207,872     (29,630)
Euro,
Expiring 04/19/24   BARC   EUR 3,813   4,155,682   4,134,653     (21,029)
Expiring 04/19/24   JPM   EUR 42,965   46,864,792   46,588,656     (276,136)
Expiring 04/19/24   JPM   EUR 40,618   44,311,308   44,044,233     (267,075)
Hungarian Forint,
Expiring 04/19/24   BOA   HUF 7,300,095   20,761,319   20,412,804     (348,515)
Indonesian Rupiah,
Expiring 03/20/24   BOA   IDR 145,032,585   9,322,358   9,187,155     (135,203)
Israeli Shekel,
Expiring 03/20/24   CITI   ILS 17,431   4,723,975   4,787,026   63,051  
Japanese Yen,
Expiring 04/19/24   BOA   JPY 11,079,125   77,614,697   76,213,538     (1,401,159)
Malaysian Ringgit,
Expiring 03/20/24   BARC   MYR 52,331   11,301,415   11,126,395     (175,020)
Mexican Peso,
Expiring 03/20/24   HSBC   MXN 70,393   4,026,041   4,056,238   30,197  
New Zealand Dollar,
Expiring 04/19/24   CITI   NZD 13,564   8,343,757   8,291,100     (52,657)
Norwegian Krone,
Expiring 04/19/24   CITI   NOK 87,186   8,392,479   8,304,683     (87,796)
Polish Zloty,
Expiring 04/19/24   HSBC   PLN 86,922   21,548,245   21,685,719   137,474  
Romanian Leu,
Expiring 04/19/24   BARC   RON 11,188   2,461,407   2,427,746     (33,661)
Singapore Dollar,
Expiring 03/20/24   BNP   SGD 7,299   5,461,627   5,452,945     (8,682)
South Korean Won,
Expiring 03/20/24   BARC   KRW 49,183,698   37,504,155   36,956,588     (547,567)
Swiss Franc,
Expiring 04/19/24   BNP   CHF 8,899   10,509,929   10,400,838     (109,091)
Thai Baht,
Expiring 03/20/24   MSI   THB 293,289   8,251,439   8,299,010   47,571  
              $563,128,012   $558,658,493   316,638   (4,786,157)
    
49

PGIM Global Total Return 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:
Brazilian Real,
Expiring 02/02/24   CITI   BRL 19,292    $3,914,299    $3,893,029    $21,270    $
Expiring 04/02/24   DB   BRL 3,529   712,701   707,948   4,753  
British Pound,
Expiring 04/19/24   BNP   GBP 3,596   4,581,102   4,559,322   21,780  
Expiring 04/19/24   HSBC   GBP 30,437   38,770,487   38,594,973   175,514  
Euro,
Expiring 04/19/24   BARC   EUR 5,908   6,433,388   6,406,349   27,039  
Expiring 04/19/24   BOA   EUR 50,313   54,935,810   54,556,050   379,760  
Expiring 04/19/24   SSB   EUR 81,403   89,454,899   88,268,292   1,186,607  
Expiring 04/19/24   SSB   EUR 474   517,534   513,517   4,017  
Expiring 04/19/24   TD   EUR 75,469   82,413,677   81,834,075   579,602  
Peruvian Nuevo Sol,
Expiring 03/20/24   BARC   PEN 9,922   2,651,460   2,604,989   46,471  
Expiring 03/20/24   CITI   PEN 6,402   1,710,325   1,680,888   29,437  
Expiring 03/20/24   SCB   PEN 8,941   2,354,108   2,347,461   6,647  
Swedish Krona,
Expiring 04/19/24   GSI   SEK 38,328   3,693,425   3,694,345     (920)
              $292,143,215   $289,661,238   2,482,897   (920)
                      $2,799,535   $(4,787,077)
Credit default swap agreements outstanding at January 31, 2024:
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 Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)**:
Arab Republic of Egypt (D01)   12/20/28   1.000%(Q)     2,000   11.712%    $(677,934)    $(4,653)    $(673,281)   BARC
Dominican Republic (D01)   12/20/28   1.000%(Q)     2,000   1.824%   (68,853)   (4,653)   (64,200)   BARC
Emirate of Abu Dhabi (D01)   12/20/28   1.000%(Q)     2,000   0.438%   52,404   (4,653)   57,057   BARC
Federal Republic of Nigeria (D01)   12/20/28   1.000%(Q)     2,000   5.558%   (351,251)   (4,653)   (346,598)   BARC
50

PGIM Global Total Return 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 Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)**(cont’d.):
Federation of Malaysia (D01)   12/20/28   1.000%(Q)     3,000   0.447%    $77,170    $(6,979)    $84,149   BARC
Federative Republic of Brazil (D01)   12/20/28   1.000%(Q)     9,000   1.372%   (135,424)   (20,937)   (114,487)   BARC
Kingdom of Bahrain (D01)   12/20/28   1.000%(Q)     2,000   2.101%   (91,456)   (4,653)   (86,803)   BARC
Kingdom of Morocco (D01)   12/20/28   1.000%(Q)     2,000   1.056%   (2,494)   (4,653)   2,159   BARC
Kingdom of Saudi Arabia (D01)   12/20/28   1.000%(Q)     4,000   0.592%   77,053   (9,305)   86,358   BARC
People’s Republic of China (D01)   12/20/28   1.000%(Q)     9,000   0.646%   151,175   (20,937)   172,112   BARC
Republic of Argentina (D01)   12/20/28   1.000%(Q)     2,000   35.270%   (1,306,386)   (4,653)   (1,301,733)   BARC
Republic of Chile (D01)   12/20/28   1.000%(Q)     7,000   0.541%   151,427   (16,284)   167,711   BARC
Republic of Colombia (D01)   12/20/28   1.000%(Q)     6,000   1.700%   (175,189)   (13,958)   (161,231)   BARC
Republic of Indonesia (D01)   12/20/28   1.000%(Q)     9,000   0.744%   112,075   (20,937)   133,012   BARC
Republic of Panama (D01)   12/20/28   1.000%(Q)     2,000   1.997%   (82,995)   (4,653)   (78,342)   BARC
Republic of Peru (D01)   12/20/28   1.000%(Q)     3,000   0.687%   45,259   (6,979)   52,238   BARC
Republic of Philippines (D01)   12/20/28   1.000%(Q)     3,000   0.633%   52,256   (6,979)   59,235   BARC
Republic of South Africa (D01)   12/20/28   1.000%(Q)     9,000   2.284%   (482,701)   (20,937)   (461,764)   BARC
51

PGIM Global Total Return 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 Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)**(cont’d.):
Republic of Turkey (D01)   12/20/28   1.000%(Q)     9,000   3.268%    $(835,543)    $(20,937)    $(814,606)   BARC
State of Qatar (D01)   12/20/28   1.000%(Q)     2,000   0.491%   47,672   (4,653)   52,325   BARC
Sultanate of Oman (D01)   12/20/28   1.000%(Q)     2,000   1.163%   (11,919)   (4,653)   (7,266)   BARC
United Mexican States (D01)   12/20/28   1.000%(Q)     9,000   0.900%   50,381   (20,937)   71,318   BARC
Arab Republic of Egypt (D02)   12/20/28   1.000%(Q)     2,000   11.712%   (677,934)   (109)   (677,825)   CITI
Dominican Republic (D02)   12/20/28   1.000%(Q)     2,000   1.824%   (68,853)   (109)   (68,744)   CITI
Emirate of Abu Dhabi (D02)   12/20/28   1.000%(Q)     2,000   0.438%   52,404   (109)   52,513   CITI
Federal Republic of Nigeria (D02)   12/20/28   1.000%(Q)     2,000   5.558%   (351,251)   (109)   (351,142)   CITI
Federation of Malaysia (D02)   12/20/28   1.000%(Q)     3,000   0.447%   77,170   (163)   77,333   CITI
Federative Republic of Brazil (D02)   12/20/28   1.000%(Q)     9,000   1.372%   (135,424)   (489)   (134,935)   CITI
Kingdom of Bahrain (D02)   12/20/28   1.000%(Q)     2,000   2.101%   (91,456)   (109)   (91,347)   CITI
Kingdom of Morocco (D02)   12/20/28   1.000%(Q)     2,000   1.056%   (2,494)   (109)   (2,385)   CITI
Kingdom of Saudi Arabia (D02)   12/20/28   1.000%(Q)     4,000   0.592%   77,053   (217)   77,270   CITI
People’s Republic of China (D02)   12/20/28   1.000%(Q)     9,000   0.646%   151,175   (489)   151,664   CITI
Republic of Argentina (D02)   12/20/28   1.000%(Q)     2,000   35.270%   (1,306,386)   (109)   (1,306,277)   CITI
52

PGIM Global Total Return 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 Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)**(cont’d.):
Republic of Chile (D02)   12/20/28   1.000%(Q)     7,000   0.541%    $151,427    $(380)    $151,807   CITI
Republic of Colombia (D02)   12/20/28   1.000%(Q)     6,000   1.700%   (175,189)   (326)   (174,863)   CITI
Republic of Indonesia (D02)   12/20/28   1.000%(Q)     9,000   0.744%   112,075   (489)   112,564   CITI
Republic of Panama (D02)   12/20/28   1.000%(Q)     2,000   1.997%   (82,995)   (109)   (82,886)   CITI
Republic of Peru (D02)   12/20/28   1.000%(Q)     3,000   0.687%   45,259   (163)   45,422   CITI
Republic of Philippines (D02)   12/20/28   1.000%(Q)     3,000   0.633%   52,256   (163)   52,419   CITI
Republic of South Africa (D02)   12/20/28   1.000%(Q)     9,000   2.284%   (482,701)   (489)   (482,212)   CITI
Republic of Turkey (D02)   12/20/28   1.000%(Q)     9,000   3.268%   (835,543)   (489)   (835,054)   CITI
State of Qatar (D02)   12/20/28   1.000%(Q)     2,000   0.491%   47,672   (109)   47,781   CITI
Sultanate of Oman (D02)   12/20/28   1.000%(Q)     2,000   1.163%   (11,919)   (109)   (11,810)   CITI
United Mexican States (D02)   12/20/28   1.000%(Q)     9,000   0.900%   50,381   (489)   50,870   CITI
Arab Republic of Egypt (D03)   12/20/28   1.000%(Q)     2,000   11.712%   (677,934)   (931)   (677,003)   CITI
Dominican Republic (D03)   12/20/28   1.000%(Q)     2,000   1.824%   (68,852)   (931)   (67,921)   CITI
Emirate of Abu Dhabi (D03)   12/20/28   1.000%(Q)     2,000   0.438%   52,405   (931)   53,336   CITI
Federal Republic of Nigeria (D03)   12/20/28   1.000%(Q)     2,000   5.558%   (351,251)   (931)   (350,320)   CITI
53

PGIM Global Total Return 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 Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)**(cont’d.):
Federation of Malaysia (D03)   12/20/28   1.000%(Q)     3,000   0.447%    $77,170    $(1,396)    $78,566   CITI
Federative Republic of Brazil (D03)   12/20/28   1.000%(Q)     9,000   1.372%   (135,424)   (4,189)   (131,235)   CITI
Kingdom of Bahrain (D03)   12/20/28   1.000%(Q)     2,000   2.101%   (91,456)   (931)   (90,525)   CITI
Kingdom of Morocco (D03)   12/20/28   1.000%(Q)     2,000   1.056%   (2,494)   (931)   (1,563)   CITI
Kingdom of Saudi Arabia (D03)   12/20/28   1.000%(Q)     4,000   0.592%   77,052   (1,862)   78,914   CITI
People’s Republic of China (D03)   12/20/28   1.000%(Q)     9,000   0.646%   151,175   (4,189)   155,364   CITI
Republic of Argentina (D03)   12/20/28   1.000%(Q)     2,000   35.270%   (1,306,386)   (931)   (1,305,455)   CITI
Republic of Chile (D03)   12/20/28   1.000%(Q)     7,000   0.541%   151,427   (3,258)   154,685   CITI
Republic of Colombia (D03)   12/20/28   1.000%(Q)     6,000   1.700%   (175,190)   (2,793)   (172,397)   CITI
Republic of Indonesia (D03)   12/20/28   1.000%(Q)     9,000   0.744%   112,076   (4,189)   116,265   CITI
Republic of Panama (D03)   12/20/28   1.000%(Q)     2,000   1.997%   (82,995)   (931)   (82,064)   CITI
Republic of Peru (D03)   12/20/28   1.000%(Q)     3,000   0.687%   45,259   (1,396)   46,655   CITI
Republic of Philippines (D03)   12/20/28   1.000%(Q)     3,000   0.633%   52,256   (1,396)   53,652   CITI
Republic of South Africa (D03)   12/20/28   1.000%(Q)     9,000   2.284%   (482,700)   (4,189)   (478,511)   CITI
54

PGIM Global Total Return 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 Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)**(cont’d.):
Republic of Turkey (D03)   12/20/28   1.000%(Q)     9,000   3.268%    $(835,543)    $(4,189)    $(831,354)   CITI
State of Qatar (D03)   12/20/28   1.000%(Q)     2,000   0.491%   47,672   (931)   48,603   CITI
Sultanate of Oman (D03)   12/20/28   1.000%(Q)     2,000   1.163%   (11,918)   (931)   (10,987)   CITI
United Mexican States (D03)   12/20/28   1.000%(Q)     9,000   0.900%   50,382   (4,189)   54,571   CITI
                      $(10,215,815)   $(284,617)   $(9,931,198)    
    
Reference
Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Packaged Credit Default Swap Agreements on credit indices— Buy Protection(1)**:
CDX.EM.40.V1 (D01)   12/20/28   1.000%(Q)     100,000    $3,386,103    $135,250    $3,250,853   BARC
CDX.EM.40.V1 (D02)   12/20/28   1.000%(Q)     100,000   3,386,103   (92,323)   3,478,426   CITI
CDX.EM.40.V1 (D03)   12/20/28   1.000%(Q)     100,000   3,386,103   (52,020)   3,438,123   CITI
                    $10,158,309   $(9,093)   $10,167,402    
** The Fund entered into multiple credit default swap agreements in a packaged trade consisting of two parts. The Fund bought/sold protection on an Emerging Market CDX Index and bought/sold protection on the countries which comprise the index. The upfront premium is attached to the index of the trade for the Emerging Markets CDX package(s). Each swap is priced individually. If any of the component swaps are closed out early, the Index exposure will be reduced by an amount proportionate to the terminated swap(s). Individual packages in the tables above are denoted by the corresponding footnotes (D01 - D03).
    
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 Agreement on asset-backed and/or mortgage-backed securities - Sell Protection(2)^:
GS_21-PJA††   02/14/24   0.500%(M)     48,296   *    $31,481   $(311)   $31,792   GSI
†† The value of the contract, GS_21-PJA is derived from the aggregate credit performance of a pool of senior prime jumbo mortgages. The pool of prime jumbo mortgages is reset monthly.
   
55

PGIM Global Total Return 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)
  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)     723  $48,139    $55,548    $(7,409)   HSBC
Gazprom PAO   06/20/25   1.000%(Q)   EUR 2,000 371,773   7,488   364,285   BARC
Gazprom PAO   12/20/25   1.000%(Q)     2,000 380,750   506,255   (125,505)   GSI
Gazprom PAO   06/20/26   1.000%(Q)     4,400 952,041   1,468,542   (516,501)   HSBC
Gazprom PAO   06/20/27   1.000%(Q)     8,650 2,170,288   3,322,784   (1,152,496)   HSBC
Gazprom PAO   06/20/27   1.000%(Q)     1,000 250,901   268,201   (17,300)   HSBC
Gazprom PAO   06/20/27   1.000%(Q)     600 150,541   267,351   (116,810)   JPM
Gazprom PAO   12/20/27   1.000%(Q)     3,300 860,645   1,254,411   (393,766)   JPM
Kingdom of Morocco   12/20/27   1.000%(Q)     4,305 (29,942)   89,996   (119,938)   BNP
Petroleos Mexicanos   03/20/24   1.000%(Q)     2,230 (534)   6,782   (7,316)   MSI
Petroleos Mexicanos   12/20/29   1.000%(Q)     4,050 829,939   875,779   (45,840)   BARC
Petroleos Mexicanos   12/20/30   1.000%(Q)     1,000 235,145   249,485   (14,340)   BARC
Republic of Estonia   12/20/25   1.000%(Q)     10,000 (135,754)   (89,620)   (46,134)   BARC
Republic of Italy   12/20/27   1.000%(Q)   EUR 4,935 (121,573)   (144,855)   23,282   BARC
Republic of Serbia   12/20/25   1.000%(Q)     5,000 (20,148)   17,751   (37,899)   BNP
Republic of South Africa   06/20/26   1.000%(Q)     1,000 5,309   18,931   (13,622)   GSI
Swiss Confederation   12/20/27   0.250%(Q)     5,000 (35,013)     (35,013)   BARC
                  $5,912,507   $8,174,829   $(2,262,322)    
    
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):
American International Group, Inc.   06/20/26   1.000%(Q)     3,260   0.394%    $48,761    $23,393    $25,368   BOA
Australian Government Bond   12/20/27   1.000%(Q)     5,000   0.132%   163,116   131,438   31,678   DB
Barclays PLC   12/20/26   1.000%(Q)   EUR 3,000   0.683%   32,309   18,166   14,143   CITI
DP World PLC   12/20/24   1.000%(Q)     2,000   0.574%   9,820   1,663   8,157   BARC
Emirate of Abu Dhabi   06/20/24   1.000%(Q)     3,480   0.130%   15,806   11,549   4,257   BNP
Emirate of Dubai   12/20/24   1.000%(Q)     1,000   0.206%   8,132   668   7,464   CITI
Gazprom PAO   12/20/26   1.000%(Q)     8,600   12.449%   (2,068,901)   (3,123,137)   1,054,236   HSBC
56

PGIM Global Total Return 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.):
Generalitat de Cataluna   12/20/25   1.000%(Q)     4,900   0.245%    $73,161    $(17,632)    $90,793   DB
Halliburton Co.   12/20/26   1.000%(Q)     4,240   0.317%   84,027   23,453   60,574   GSI
Hellenic Republic   06/20/24   1.000%(Q)     1,000   0.077%   4,744   (15,614)   20,358   BARC
Hellenic Republic   06/20/29   1.000%(Q)     5,400   0.722%   78,753   (39,387)   118,140   BARC
Hellenic Republic   12/20/29   1.000%(Q)   EUR 5,000   0.629%   115,504   12,688   102,816   CITI
Hellenic Republic   12/20/31   1.000%(Q)     6,000   1.022%   (1,669)   (140,813)   139,144   CITI
International Bank for Reconstruction & Development   03/20/24   0.250%(Q)     34,770   0.155%   14,811   4,521   10,290   BOA
Israel Electric Corp. Ltd.   12/20/24   1.000%(Q)     1,000   0.759%   3,289   2,275   1,014   BARC
Japan Govt.   06/20/28   1.000%(Q)     15,000   0.195%   507,118   459,114   48,004   CITI
Kingdom of Spain   06/20/24   1.000%(Q)     700   0.071%   3,336   (1,834)   5,170   MSI
Kingdom of Spain   06/20/25   1.000%(Q)     9,940   0.149%   126,093   (26,469)   152,562   BOA
Kingdom of Spain   06/20/25   1.000%(Q)     7,500   0.149%   95,141   (24,724)   119,865   JPM
Kingdom of Spain   06/20/25   1.000%(Q)     1,645   0.149%   20,868   5,967   14,901   BARC
People’s Republic of China   12/20/24   1.000%(Q)     1,000   0.243%   7,799   3,742   4,057   CITI
Republic of Colombia   12/20/26   1.000%(Q)     1,000   0.901%   3,868   (33,668)   37,536   CITI
Republic of Estonia   12/20/25   1.000%(Q)   EUR 10,000   0.271%   158,577   67,976   90,601   DB
Republic of Estonia   12/20/26   1.000%(Q)     3,150   0.421%   53,505   17,217   36,288   JPM
Republic of Finland   06/20/27   0.250%(Q)     2,000   0.167%   5,862   5,713   149   BOA
Republic of Ireland   12/20/26   1.000%(Q)     2,000   0.144%   49,234   1,882   47,352   GSI
57

PGIM Global Total Return 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 Ireland   06/20/27   1.000%(Q)     2,800   0.169%    $77,360    $28,832    $48,528   MSI
Republic of Italy   06/20/24   1.000%(Q)     6,000   0.118%   27,513   (23,912)   51,425   BOA
Republic of Italy   06/20/24   1.000%(Q)     900   0.032%   4,425   (3,672)   8,097   DB
Republic of Italy   06/20/26   1.000%(Q)     4,200   0.362%   65,999   (78,268)   144,267   BOA
Republic of Italy   06/20/30   1.000%(Q)     1,200   0.986%   2,377   (22,043)   24,420   BARC
Republic of Italy   12/20/33   1.000%(Q)     50,000   1.285%   (1,047,042)   (1,341,529)   294,487   BARC
Republic of Panama   12/20/26   1.000%(Q)     4,200   1.403%   (40,368)   6,978   (47,346)   CITI
Republic of Poland   06/20/24   1.000%(Q)     6,615   0.136%   29,882   1,973   27,909   BNP
Republic of Serbia   12/20/25   1.000%(Q)   EUR 5,000   0.843%   22,020   (165,058)   187,078   DB
Republic of Serbia   12/20/25   5.000%(Q)     4,500   0.843%   365,444   333,317   32,127   CITI
Republic of Serbia   12/20/25   1.000%(Q)     1,000   0.843%   4,030   (549)   4,579   BNP
Republic of Slovenia   06/20/24   1.000%(Q)     900   0.066%   4,309   (5,035)   9,344   HSBC
Republic of South Africa   06/20/31   1.000%(Q)     3,000   3.015%   (350,839)   (281,597)   (69,242)   MSI
State of Illinois   12/20/24   1.000%(Q)     2,800   0.889%   6,046   (29,782)   35,828   GSI
State of Illinois   06/20/28   1.000%(Q)     1,000   1.700%   (25,213)   (54,499)   29,286   CITI
State of Qatar   12/20/26   1.000%(Q)     4,000   0.343%   76,523   63,736   12,787   CITI
U.S. Treasury Notes   06/20/24   0.250%(Q)   EUR 6,790   0.214%   3,214   (4,141)   7,355   BNP
UBS Group AG   12/20/24   1.000%(Q)   EUR 8,600   0.426%   58,054   29,538   28,516   BOA
United Kingdom of Great Britain and Northern Ireland   12/20/27   1.000%(Q)     1,000   0.257%   28,030   17,307   10,723   DB
58

PGIM Global Total Return 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.):
United Kingdom of Great Britain and Northern Ireland   12/20/28   1.000%(Q)     5,000   0.323%    $156,880    $141,883    $14,997   BARC
United Mexican States   12/20/26   1.000%(Q)     4,000   0.447%   65,104   2,728   62,376   GSI
Verizon Communications, Inc.   06/20/26   1.000%(Q)     9,960   0.505%   123,644   99,609   24,035   GSI
                      $(729,544)   $(3,916,037)   $3,186,493    
    
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 Agreement on credit indices - Buy Protection(1):
CDX.EM.39.V1   06/20/28   1.000%(Q)   200,000   $5,047,814   $7,888,986   $(2,841,172)   MSI
    
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 Agreement on credit indices - Sell Protection(2):
CDX.EM.39.V1   06/20/28   1.000%(Q)   200,000   1.681%   $(5,047,813)   $(5,630,715)   $582,902   MSI
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
59

PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
  index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(2) If the Fund is a seller of protection, it receives the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(3) Notional amount represents the maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.
(4) Implied credit spreads, represented in absolute terms, utilized in determining the fair value of credit default swap agreements where the Fund is the seller of protection as of the reporting date serve as an indicator of the current status of the payment/ performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include up-front payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement.
* When an implied credit spread is not available, reference the fair value of credit default swap agreements on credit indices and asset-backed securities. Where the Fund is the seller of protection, it serves as an indicator of the current status of the payment/performance risk and represents the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the reporting date. Increasing fair value in absolute terms, when compared to the notional amount of the swap, represents 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.
    
Currency swap agreements outstanding at January 31, 2024:
Notional
Amount
(000)#
  Fund
Receives
  Notional
Amount
(000)#
  Fund
Pays
  Counterparty   Termination
Date
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
OTC Currency Swap Agreements:
CNH 10,000   2.350%(Q)     1,564   1 Day SOFR(Q)/ 5.320%   SCB   01/10/27    $(170,796)    $—    $(170,796)
PEN 32,632   3.420%(S)     8,000   6 Month LIBOR(S)/ 5.593%   MSI   08/12/24   381,098     381,098
                            $210,302   $—   $210,302
    
60

PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
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 11,120   01/15/29   2.012%(T)   Eurostat Eurozone HICP ex Tobacco(1)(T)    $—    $(14,967)    $(14,967)
(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 18,000   12/03/29   2.700%(S)   6 Month BBSW(2)(S)/ 4.435%    $(754,950)    $(837,883)    $(82,933)
AUD 10,000   07/10/33   2.987%(S)   6 Month BBSW(2)(S)/ 4.435%   104,389   (644,038)   (748,427)
AUD 10,000   03/26/36   2.101%(S)   6 Month BBSW(2)(S)/ 4.435%     (1,461,071)   (1,461,071)
CAD 51,805   04/03/25   0.970%(S)   3 Month CDOR(2)(S)/ 5.395%   38,971   (2,265,275)   (2,304,246)
CAD 4,800   12/03/32   3.450%(S)   1 Day CORRA(2)(S)/ 5.070%   135,280   14,256   (121,024)
CAD 12,150   12/03/48   2.800%(S)   3 Month CDOR(2)(S)/ 5.395%   (211,999)   (1,420,389)   (1,208,390)
CAD 3,000   12/03/53   3.300%(S)   1 Day CORRA(2)(S)/ 5.070%   (54,684)   1,492   56,176
CHF 14,500   01/31/29   0.260%(A)   1 Day SARON(2)(S)/ 1.698%   (48,501)   (874,316)   (825,815)
CHF 800   10/17/31   0.033%(A)   1 Day SARON(2)(S)/ 1.698%   (623)   (86,588)   (85,965)
CHF 4,000   11/05/31   0.125%(A)   1 Day SARON(2)(A)/ 1.698%     (371,861)   (371,861)
CHF 700   04/03/33   0.687%(A)   1 Day SARON(2)(S)/ 1.698%   (3,532)   (41,820)   (38,288)
61

PGIM Global Total Return 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 634,000   02/11/30   3.085%(S)   1 Day CLOIS(2)(S)/ 7.250%    $   $(72,777)    $(72,777)
CLP 800,000   07/13/30   2.030%(S)   1 Day CLOIS(2)(S)/ 7.250%     (124,574)   (124,574)
CLP 7,540,000   02/06/33   5.200%(S)   1 Day CLOIS(1)(S)/ 7.250%     (127,984)   (127,984)
CLP 3,100,000   02/23/33   5.570%(S)   1 Day CLOIS(1)(S)/ 7.250%     (157,418)   (157,418)
CLP 818,000   02/27/33   5.550%(S)   1 Day CLOIS(1)(S)/ 7.250%     (40,734)   (40,734)
CLP 5,294,000   03/16/33   5.295%(S)   1 Day CLOIS(1)(S)/ 7.250%     (164,094)   (164,094)
CNH 78,000   09/03/24   2.860%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   (8)   65,697   65,705
CNH 76,000   10/09/24   2.860%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   (2)   67,282   67,284
CNH 98,660   11/01/24   3.120%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   (44)   144,882   144,926
CNH 92,700   02/04/25   2.600%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%     92,452   92,452
CNH 330,000   02/05/25   2.600%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   (22)   329,828   329,850
CNH 18,100   03/10/25   2.300%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   (6)   9,707   9,713
62

PGIM Global Total Return 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 25,000   03/12/25   2.400%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%    $1    $16,565    $16,564
CNH 149,980   05/08/25   1.860%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   (135)   (42,699)   (42,564)
CNH 80,785   06/01/25   1.973%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   13   (998)   (1,011)
CNH 118,700   07/02/25   2.330%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   (23)   87,980   88,003
CNH 161,860   07/13/25   2.653%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   (59)   233,139   233,198
CNH 48,542   08/06/25   2.555%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   (24)   62,778   62,802
CNH 129,600   09/01/25   2.735%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   (54)   236,108   236,162
CNH 225,740   11/02/25   2.588%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   234   378,192   377,958
CNH 200,000   12/09/25   2.855%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%     474,541   474,541
CNH 192,490   01/05/26   2.660%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   (216)   370,476   370,692
63

PGIM Global Total Return 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 40,000   03/03/26   2.840%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%    $(52)    $103,627    $103,679
CNH 50,000   03/23/26   2.875%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%     139,259   139,259
CNH 345,920   04/12/26   2.810%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   (569)   903,266   903,835
CNH 6,300   12/22/26   2.460%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%     11,614   11,614
CNH 197,265   05/11/28   2.600%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   224,484   581,533   357,049
CNH 69,650   12/06/28   2.400%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%     121,397   121,397
DKK 13,600   05/04/25   0.825%(A)   6 Month CIBOR(2)(S)/ 3.933%   5   (69,279)   (69,284)
DKK 5,000   08/29/26   0.580%(A)   6 Month CIBOR(2)(S)/ 3.933%   10   (52,037)   (52,047)
DKK 1,300   10/21/26   0.673%(A)   6 Month CIBOR(2)(S)/ 3.933%   6   (12,701)   (12,707)
DKK 13,000   03/15/27   1.123%(A)   6 Month CIBOR(2)(S)/ 3.933%     (106,252)   (106,252)
DKK 1,865   06/22/27   0.987%(A)   6 Month CIBOR(2)(S)/ 3.933%     (15,252)   (15,252)
EUR 447,550   11/23/24   (0.046)%(A)   6 Month EURIBOR(2)(S)/ 3.835%     (18,025,987)   (18,025,987)
64

PGIM Global Total Return 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 27,230   08/15/30   (0.191)%(A)   1 Day EuroSTR(2)(A)/ 3.894%    $(9,846)    $(4,980,743)    $(4,970,897)
EUR 6,400   02/23/32   1.180%(A)   6 Month EURIBOR(2)(S)/ 3.835%   131   (721,813)   (721,944)
EUR 4,680   03/29/32   1.170%(A)   6 Month EURIBOR(2)(S)/ 3.835%   1,226   (526,652)   (527,878)
EUR 4,150   05/11/32   1.100%(A)   6 Month EURIBOR(2)(S)/ 3.835%   (67,693)   (482,813)   (415,120)
EUR 7,000   06/28/32   0.785%(A)   6 Month EURIBOR(2)(S)/ 3.835%   (44,428)   (989,381)   (944,953)
EUR 3,050   10/30/32   1.302%(A)   6 Month EURIBOR(2)(S)/ 3.835%     (342,772)   (342,772)
EUR 19,945   03/20/33   2.996%(A)   6 Month EURIBOR(2)(S)/ 3.835%     1,025,074   1,025,074
EUR 14,225   05/11/33   1.000%(A)   6 Month EURIBOR(2)(S)/ 3.835%   (277,959)   (1,992,546)   (1,714,587)
EUR 14,280   03/20/38   2.982%(A)   6 Month EURIBOR(1)(S)/ 3.835%     (805,595)   (805,595)
EUR 365   05/11/39   1.100%(A)   1 Day EuroSTR(2)(A)/ 3.894%   (2,775)   (78,933)   (76,158)
EUR 12,485   11/24/41   0.565%(A)   6 Month EURIBOR(1)(S)/ 3.835%     2,095,239   2,095,239
EUR 12,485   11/24/41   0.600%(A)   3 Month EURIBOR(2)(Q)/ 3.905%     (2,179,453)   (2,179,453)
EUR 30,272   11/25/41   0.629%(A)   6 Month EURIBOR(1)(S)/ 3.835%     4,927,731   4,927,731
EUR 30,272   11/25/41   0.663%(A)   3 Month EURIBOR(2)(Q)/ 3.905%     (5,135,529)   (5,135,529)
65

PGIM Global Total Return 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 8,450   02/17/42   0.536%(A)   6 Month EURIBOR(2)(S)/ 3.835%    $   $(2,861,356)    $(2,861,356)
EUR 17,040   03/22/42   1.257%(A)   6 Month EURIBOR(1)(S)/ 3.835%     1,912,157   1,912,157
EUR 17,040   03/22/42   1.310%(A)   3 Month EURIBOR(2)(Q)/ 3.905%     (2,009,571)   (2,009,571)
EUR 1,235   07/04/42   1.001%(A)   6 Month EURIBOR(2)(S)/ 3.835%   (114,738)   (311,200)   (196,462)
EUR 15,130   02/24/43   2.910%(A)   6 Month EURIBOR(1)(S)/ 3.835%   12,548   (906,551)   (919,099)
EUR 15,130   02/24/43   2.960%(A)   3 Month EURIBOR(2)(Q)/ 3.905%   (7,549)   1,090,736   1,098,285
EUR 14,270   03/09/46   0.425%(A)   6 Month EURIBOR(2)(S)/ 3.835%     (5,694,269)   (5,694,269)
EUR 3,000   05/11/49   1.450%(A)   6 Month EURIBOR(2)(S)/ 3.835%   (104,036)   (618,637)   (514,601)
GBP 5,330   05/08/25   1.000%(A)   1 Day SONIA(1)(A)/ 5.188%   430,155   498,692   68,537
GBP 86,340   05/08/27   1.050%(A)   1 Day SONIA(1)(A)/ 5.188%   5,485,601   12,436,087   6,950,486
GBP 40,655   05/08/28   1.100%(A)   1 Day SONIA(1)(A)/ 5.188%   8,130,379   6,716,964   (1,413,415)
GBP 30,750   06/07/28   4.059%(A)   1 Day SONIA(2)(A)/ 5.188%   1,155   481,998   480,843
GBP 8,000   05/08/29   1.100%(A)   1 Day SONIA(1)(A)/ 5.188%   823,701   1,496,838   673,137
GBP 8,290   05/08/30   1.100%(A)   1 Day SONIA(1)(A)/ 5.188%   2,099,979   1,735,674   (364,305)
66

PGIM Global Total Return 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 6,355   05/08/32   1.150%(A)   1 Day SONIA(2)(A)/ 5.188%    $(888,665)    $(1,599,188)    $(710,523)
GBP 14,450   05/08/33   1.150%(A)   1 Day SONIA(1)(A)/ 5.188%   4,631,444   3,957,129   (674,315)
GBP 7,500   05/08/37   1.200%(A)   1 Day SONIA(2)(A)/ 5.188%   (2,293,441)   (2,693,948)   (400,507)
GBP 5,150   05/08/38   1.200%(A)   1 Day SONIA(1)(A)/ 5.188%   2,163,665   1,959,536   (204,129)
GBP 15,305   05/08/42   1.250%(A)   1 Day SONIA(2)(A)/ 5.188%   82,242   (6,854,426)   (6,936,668)
GBP 10,915   05/08/43   1.250%(A)   1 Day SONIA(1)(A)/ 5.188%   5,389,266   5,067,805   (321,461)
GBP 13,725   05/08/46   1.250%(A)   1 Day SONIA(2)(A)/ 5.188%   2,336,124   (6,992,792)   (9,328,916)
GBP 3,440   05/08/49   1.250%(A)   1 Day SONIA(2)(A)/ 5.188%   652,537   (1,880,668)   (2,533,205)
GBP 3,540   09/03/50   0.328%(A)   1 Day SONIA(2)(A)/ 5.188%   (32)   (2,641,933)   (2,641,901)
GBP 1,800   05/08/52   1.250%(A)   1 Day SONIA(2)(A)/ 5.188%   (228,888)   (1,044,210)   (815,322)
HUF 500,000   03/31/31   2.460%(A)   6 Month BUBOR(2)(S)/ 8.760%     (312,226)   (312,226)
ILS 40,440   04/16/28   0.928%(A)   3 Month TELBOR(2)(Q)/ 4.416%   (345)   (1,031,073)   (1,030,728)
JPY 3,276,010   12/20/24   0.126%(S)   1 Day TONAR(2)(S)/ (0.011)%   (5,541)   (3,601)   1,940
JPY 950,000   01/15/25   0.000%(S)   1 Day TONAR(2)(S)/ (0.011)%   380   (10,179)   (10,559)
67

PGIM Global Total Return 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 9,000,000   03/02/26   0.029%(S)   1 Day TONAR(2)(S)/ (0.011)%    $12    $(341,256)    $(341,268)
JPY 5,000,000   06/02/26   0.009%(S)   1 Day TONAR(2)(S)/ (0.011)%   27   (250,112)   (250,139)
JPY 2,000,000   01/04/27   (0.033)%(S)   1 Day TONAR(2)(S)/ (0.011)%   2,733   (164,819)   (167,552)
JPY 2,100,000   05/06/27   0.020%(S)   1 Day TONAR(2)(S)/ (0.011)%   41   (183,250)   (183,291)
JPY 7,080,000   07/08/28   (0.050)%(A)   1 Day TONAR(1)(A)/ (0.011)%   1,970,701   1,092,518   (878,183)
JPY 3,674,000   07/31/28   0.268%(A)   1 Day TONAR(2)(A)/ (0.011)%     (186,527)   (186,527)
JPY 1,800,000   11/12/28   0.011%(S)   1 Day TONAR(2)(S)/ (0.011)%   58   (315,066)   (315,124)
JPY 135,000   02/20/29   1.260%(S)   1 Day TONAR(2)(S)/ (0.011)%   (3,277)   36,469   39,746
JPY 2,500,000   03/22/29   0.068%(S)   1 Day TONAR(2)(S)/ (0.011)%   (1,431)   (444,598)   (443,167)
JPY 50,000   04/02/29   1.288%(S)   1 Day TONAR(2)(S)/ (0.011)%   (758)   13,588   14,346
JPY 100,000   08/18/29   1.070%(S)   1 Day TONAR(2)(S)/ (0.011)%   (2,135)   19,975   22,110
JPY 100,000   08/28/29   1.043%(S)   1 Day TONAR(2)(S)/ (0.011)%   (1,836)   18,598   20,434
JPY 200,000   09/09/29   1.061%(S)   1 Day TONAR(2)(S)/ (0.011)%   (3,403)   38,316   41,719
JPY 655,000   09/29/29   1.064%(S)   1 Day TONAR(2)(S)/ (0.011)%   (8,707)   123,415   132,122
68

PGIM Global Total Return 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 300,000   07/02/30   0.047%(S)   1 Day TONAR(2)(S)/ (0.011)%    $(178)    $(83,916)    $(83,738)
JPY 200,000   04/01/31   0.319%(S)   1 Day TONAR(2)(S)/ (0.011)%   (765)   (41,246)   (40,481)
JPY 215,000   05/06/31   0.354%(S)   1 Day TONAR(2)(S)/ (0.011)%   (429)   (42,415)   (41,986)
JPY 150,000   07/07/31   0.071%(S)   1 Day TONAR(2)(S)/ (0.011)%   (198)   (53,016)   (52,818)
JPY 700,000   08/05/31   0.026%(S)   1 Day TONAR(2)(S)/ (0.011)%   42   (268,137)   (268,179)
JPY 256,500   08/15/31   0.223%(S)   1 Day TONAR(2)(S)/ (0.011)%   (1,143)   (72,112)   (70,969)
JPY 130,000   08/30/31   0.217%(S)   1 Day TONAR(2)(S)/ (0.011)%   (471)   (37,354)   (36,883)
JPY 120,000   09/08/31   0.316%(S)   1 Day TONAR(2)(S)/ (0.011)%   (611)   (28,443)   (27,832)
JPY 190,000   09/21/31   0.328%(S)   1 Day TONAR(2)(S)/ (0.011)%   (867)   (44,559)   (43,692)
JPY 350,000   10/14/31   0.270%(S)   1 Day TONAR(2)(S)/ (0.011)%   (928)   (94,770)   (93,842)
JPY 200,000   04/06/32   0.484%(S)   1 Day TONAR(2)(S)/ (0.011)%   (1,136)   (37,233)   (36,097)
JPY 159,520   04/07/32   0.491%(S)   1 Day TONAR(2)(S)/ (0.011)%   (906)   (29,085)   (28,179)
JPY 1,200,000   05/19/32   0.023%(S)   1 Day TONAR(2)(S)/ (0.011)%   (23)   (549,168)   (549,145)
JPY 800,000   05/29/32   0.016%(S)   1 Day TONAR(2)(S)/ (0.011)%   (2)   (371,475)   (371,473)
69

PGIM Global Total Return 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 140,000   06/07/32   0.451%(S)   1 Day TONAR(2)(S)/ (0.011)%    $   $(30,888)    $(30,888)
JPY 71,000   09/21/32   0.463%(S)   1 Day TONAR(2)(S)/ (0.011)%   (479)   (16,159)   (15,680)
JPY 160,000   11/14/32   2.390%(S)   1 Day TONAR(2)(S)/ (0.011)%     145,098   145,098
JPY 530,000   07/08/33   0.100%(A)   1 Day TONAR(2)(A)/ (0.011)%   (261,065)   (253,029)   8,036
JPY 900,000   01/04/38   0.757%(S)   1 Day TONAR(2)(S)/ (0.011)%   (22,040)   (355,757)   (333,717)
JPY 800,000   03/28/38   0.656%(S)   1 Day TONAR(2)(S)/ (0.011)%   (7,584)   (393,665)   (386,081)
JPY 675,000   04/06/38   0.655%(S)   1 Day TONAR(2)(S)/ (0.011)%   (5,670)   (334,754)   (329,084)
JPY 285,000   07/08/38   0.200%(A)   1 Day TONAR(1)(A)/ (0.011)%   318,796   252,220   (66,576)
JPY 600,000   08/10/38   0.822%(S)   1 Day TONAR(2)(S)/ (0.011)%   (12,194)   (213,867)   (201,673)
JPY 2,430,385   12/03/38   0.600%(S)   1 Day TONAR(2)(S)/ (0.011)%   (1,221)   (1,476,049)   (1,474,828)
JPY 969,000   12/03/39   0.650%(S)   1 Day TONAR(2)(S)/ (0.011)%   (532)   (622,792)   (622,260)
JPY 166,000   05/09/43   0.820%(S)   1 Day TONAR(2)(S)/ (0.011)%   (824)   (120,378)   (119,554)
JPY 2,000,000   10/23/45   0.333%(S)   1 Day TONAR(2)(S)/ (0.011)%   (6,198)   (3,059,242)   (3,053,044)
JPY 775,000   04/12/46   0.496%(S)   1 Day TONAR(2)(S)/ (0.011)%   (4,604)   (1,045,442)   (1,040,838)
70

PGIM Global Total Return 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 110,291   04/15/46   0.560%(S)   1 Day TONAR(2)(S)/ (0.011)%    $(690)    $(139,357)    $(138,667)
JPY 26,000   10/04/47   0.942%(S)   1 Day TONAR(2)(S)/ (0.011)%   (343)   (21,445)   (21,102)
JPY 560,000   11/24/47   0.888%(S)   1 Day TONAR(2)(S)/ (0.011)%   (1,427)   (513,997)   (512,570)
JPY 500,000   05/29/50   0.186%(S)   1 Day TONAR(2)(S)/ (0.011)%   (156)   (1,059,098)   (1,058,942)
JPY 500,000   08/26/50   0.334%(S)   1 Day TONAR(2)(S)/ (0.011)%   (3,558)   (951,827)   (948,269)
JPY 1,000,000   12/16/50   0.338%(S)   1 Day TONAR(2)(S)/ (0.011)%   (12,245)   (1,924,806)   (1,912,561)
JPY 1,200,000   02/08/51   0.467%(S)   1 Day TONAR(2)(S)/ (0.011)%   (14,564)   (2,069,709)   (2,055,145)
JPY 1,650,000   03/30/51   0.520%(S)   1 Day TONAR(2)(S)/ (0.011)%   (12,585)   (2,727,731)   (2,715,146)
JPY 701,000   07/31/53   1.102%(A)   1 Day TONAR(1)(A)/ (0.011)%     494,496   494,496
KRW 18,824,000   08/06/25   0.830%(Q)   3 Month KWCDC(2)(Q)/ 3.680%   (7)   (640,881)   (640,874)
KRW 19,850,000   04/19/28   3.135%(Q)   3 Month KWCDC(2)(Q)/ 3.680%     (39,107)   (39,107)
KRW 20,447,900   09/10/28   2.043%(Q)   3 Month KWCDC(2)(Q)/ 3.680%   400,356   (801,002)   (1,201,358)
KRW 11,000,000   02/05/30   1.319%(Q)   3 Month KWCDC(2)(Q)/ 3.680%   12   (898,698)   (898,710)
KRW 5,000,000   01/05/31   1.258%(Q)   3 Month KWCDC(2)(Q)/ 3.680%     (462,626)   (462,626)
71

PGIM Global Total Return 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 4,000,000   08/13/31   1.630%(Q)   3 Month KWCDC(2)(Q)/ 3.680%    $   $(331,237)    $(331,237)
KRW 1,067,160   03/10/33   3.150%(Q)   3 Month KWCDC(2)(Q)/ 3.680%   (16,346)   (3,922)   12,424
KRW 2,640,000   11/24/33   3.610%(Q)   3 Month KWCDC(2)(Q)/ 3.680%     68,764   68,764
NOK 36,000   02/07/29   2.083%(A)   6 Month NIBOR(2)(S)/ 4.840%     (264,870)   (264,870)
NOK 48,000   10/07/29   1.660%(A)   6 Month NIBOR(2)(S)/ 4.840%     (513,395)   (513,395)
NZD 6,450   11/28/28   2.950%(S)   3 Month BBR(2)(Q)/ 5.670%     (250,661)   (250,661)
PLN 10,000   03/26/31   1.675%(A)   6 Month WIBOR(2)(S)/ 5.850%     (434,542)   (434,542)
SEK 60,000   07/10/32   3.150%(Q)   3 Month STIBOR(1)(Q)/ 4.093%   (346,154)   (356,276)   (10,122)
SGD 17,215   07/29/31   1.120%(S)   1 Day SORA(2)(S)/ 3.484%   90,177   (1,440,550)   (1,530,727)
THB 60,000   07/04/24   1.590%(Q)   1 Day THOR(2)(Q)/ 2.483%     (7,033)   (7,033)
THB 173,600   04/28/30   1.020%(Q)   1 Day THOR(2)(Q)/ 2.483%     (395,700)   (395,700)
THB 23,000   05/29/30   2.645%(Q)   1 Day THOR(2)(Q)/ 2.483%   (833)   9,446   10,279
THB 72,900   06/25/30   0.990%(Q)   1 Day THOR(2)(Q)/ 2.483%     (178,347)   (178,347)
THB 200,200   07/03/30   1.028%(Q)   1 Day THOR(2)(Q)/ 2.483%     (476,929)   (476,929)
72

PGIM Global Total Return 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.):
THB 115,500   08/17/31   1.320%(Q)   1 Day THOR(2)(Q)/ 2.483%    $   $(276,778)    $(276,778)
TWD 564,000   02/17/28   1.390%(Q)   3 Month TAIBOR(1)(Q)/ 1.494%     21,899   21,899
TWD 255,000   02/24/33   1.415%(Q)   3 Month TAIBOR(1)(Q)/ 1.494%     70,713   70,713
  334,175   02/21/24   5.170%(T)   1 Day SOFR(2)(T)/ 5.320%     (343,346)   (343,346)
  302,280   07/30/24   5.159%(T)   1 Day SOFR(2)(T)/ 5.320%     69,281   69,281
  301,810   07/31/24   5.406%(T)   1 Day SOFR(2)(T)/ 5.320%     373,251   373,251
  565,140   08/14/24   5.298%(T)   1 Day SOFR(2)(T)/ 5.320%     236,703   236,703
  284,850   10/04/24   5.472%(T)   1 Day SOFR(2)(T)/ 5.320%     927,663   927,663
  180,200   03/08/25   4.919%(A)   1 Day SOFR(2)(A)/ 5.320%     141,414   141,414
  50,180   09/25/26   4.699%(A)   1 Day SOFR(1)(A)/ 5.320%     (896,223)   (896,223)
  32,215   09/05/28   4.027%(A)   1 Day SOFR(1)(A)/ 5.320%     (337,428)   (337,428)
  27,150   09/28/28   4.396%(A)   1 Day SOFR(1)(A)/ 5.320%     (775,758)   (775,758)
  30,430   11/07/28   4.223%(A)   1 Day SOFR(1)(A)/ 5.320%     (690,237)   (690,237)
73

PGIM Global Total Return 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.):
  13,000   04/26/33   3.070%(A)   1 Day SOFR(2)(A)/ 5.320%    $   $(231,314)    $(231,314)
  38,155   08/15/39   3.771%(A)   1 Day SOFR(2)(A)/ 5.320%     235,932   235,932
                    $29,644,919   $(60,496,004)   $(90,140,923)
    
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 10,000   04/02/26   3.120%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%    $35,301    $3    $35,298   CITI
CNH 1,000   06/15/28   2.365%(Q)   7 Day China Fixing Repo Rates(1)(Q)/ 1.700%   (1,561)     (1,561)   MSI
CNH 1,000   06/15/28   2.410%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   1,606     1,606   MSI
CNH 75,000   07/12/28   2.410%(Q)   7 Day China Fixing Repo Rates(1)(Q)/ 1.700%   (138,764)     (138,764)   MSI
CNH 75,000   07/12/28   2.455%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   141,500     141,500   MSI
CNH 34,800   07/31/30   2.515%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   96,573     96,573   MSI
CNH 16,100   11/24/30   2.495%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   43,306     43,306   MSI
CNH 5,000   10/14/31   2.675%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   22,640     22,640   SCB
CNH 30,000   11/02/31   2.700%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 1.700%   147,149     147,149   SCB
JPY 35,000   12/14/32   1.575%(S)   6 Month JPY LIBOR(2)(S)/ 0.072%   14,910     14,910   HSBC
74

PGIM Global Total Return 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.):
KRW 900,000   11/05/24   2.425%(Q)   3 Month KWCDC(2)(Q)/ 3.680%    $(8,366)    $   $(8,366)   CITI
KRW 1,485,000   10/28/26   1.520%(Q)   3 Month KWCDC(2)(Q)/ 3.680%   (50,742)   (7)   (50,735)   JPM
KRW 2,040,000   04/26/27   1.880%(Q)   3 Month KWCDC(2)(Q)/ 3.680%   (63,669)     (63,669)   MSI
KRW 1,280,000   10/17/28   1.450%(Q)   3 Month KWCDC(2)(Q)/ 3.680%   (74,402)     (74,402)   CITI
KRW 520,000   01/27/31   1.870%(Q)   3 Month KWCDC(2)(Q)/ 3.680%   (32,541)     (32,541)   JPM
MYR 1,700   04/28/25   4.040%(Q)   3 Month KLIBOR(2)(Q)/ 3.570%   2,391     2,391   CITI
MYR 23,575   04/09/26   2.625%(Q)   3 Month KLIBOR(2)(Q)/ 3.570%   (90,373)   (202)   (90,171)   MSI
MYR 45,900   08/12/26   2.605%(Q)   3 Month KLIBOR(2)(Q)/ 3.570%   (219,385)   (418)   (218,967)   HSBC
MYR 3,160   07/11/29   3.528%(Q)   3 Month KLIBOR(2)(Q)/ 3.570%   (2,242)   (6)   (2,236)   MSI
MYR 11,700   11/19/29   3.245%(Q)   3 Month KLIBOR(2)(Q)/ 3.570%   (50,575)   17   (50,592)   MSI
MYR 17,800   02/04/30   3.060%(Q)   3 Month KLIBOR(2)(Q)/ 3.570%   (122,033)   9   (122,042)   MSI
SAR 49,500   04/26/33   4.495%(A)   3 Month SAIBOR(1)(Q)/ 6.368%   142,477     142,477   MSI
  10,000   09/22/28   3.290%(S)   1 Week MUNIPSA(1)(Q)/ 3.740%   (291,731)     (291,731)   JPM
ZAR 40,930   03/22/42   7.800%(Q)   3 Month JIBAR(2)(Q)/ 8.392%   (373,903)     (373,903)   CITI
75

PGIM Global Total Return 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.):
ZAR 89,400   09/22/42   8.020%(Q)   3 Month JIBAR(2)(Q)/ 8.392%    $(732,802)    $   $(732,802)   CITI
ZAR 38,700   03/22/47   7.650%(Q)   3 Month JIBAR(1)(Q)/ 8.392%   416,552     416,552   CITI
ZAR 83,965   09/22/47   7.890%(Q)   3 Month JIBAR(1)(Q)/ 8.392%   802,842     802,842   CITI
                  $(385,842)   $(604)   $(385,238)    
    
(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)/ 5.320%   DB   09/21/24   28,000    $587,834    $—    $587,834
U.S. Treasury Bond(T)   1 Day USOIS +2bps(T)/ 5.075%   JPM   02/02/24   76,830   (1,345,740)     (1,345,740)
                    $(757,906)   $—   $(757,906)
(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 Fund’s most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
76