PGIM Short Duration High Yield Opportunities Fund
Schedule of Investments (unaudited) as of October 31, 2023
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Long-Term Investments 117.0%
Asset-Backed Securities 8.0%
Collateralized Loan Obligations 
Atlas Static Senior Loan Fund Ltd. (Cayman Islands),
Series 2022-01A, Class A, 144A, 3 Month SOFR + 2.600% (Cap N/A, Floor 2.600%)
7.994 %(c) 07/15/30   3,487  $3,505,215
CIFC Funding Ltd. (Cayman Islands),
Series 2018-02A, Class A1, 144A, 3 Month SOFR + 1.302% (Cap N/A, Floor 0.000%)
6.717(c) 04/20/31   2,465 2,451,859
Guggenheim CLO STAT Ltd. (Cayman Islands),
Series 2022-01A, Class A1A, 144A, 3 Month SOFR + 2.590% (Cap N/A, Floor 2.590%)
7.968(c) 10/25/31   3,400 3,416,403
KKR Static CLO Ltd. (Cayman Islands),
Series 2022-02A, Class A1, 144A, 3 Month SOFR + 2.220% (Cap N/A, Floor 2.220%)
7.636(c) 10/20/31   3,302 3,304,399
Madison Park Funding Ltd. (Cayman Islands),
Series 2015-18A, Class ARR, 144A, 3 Month SOFR + 1.202% (Cap N/A, Floor 0.940%)
6.614(c) 10/21/30   3,910 3,889,253
Neuberger Berman CLO Ltd. (Cayman Islands),
Series 2014-17A, Class AR2, 144A, 3 Month SOFR + 1.292% (Cap N/A, Floor 1.030%)
6.704(c) 04/22/29   1,953 1,946,870
OFSI BSL Ltd. (Cayman Islands),
Series 2023-12A, Class A1, 144A, 3 Month SOFR + 2.400% (Cap N/A, Floor 2.400%)
7.816(c) 01/20/35   2,000 2,014,012
Palmer Square CLO Ltd. (Cayman Islands),
Series 2015-02A, Class A1R2, 144A, 3 Month SOFR + 1.362% (Cap N/A, Floor 0.000%)
6.777(c) 07/20/30   1,669 1,663,665
Palmer Square Loan Funding Ltd. (Cayman Islands),
Series 2022-03A, Class A1A, 144A, 3 Month SOFR + 1.820% (Cap N/A, Floor 1.820%)
7.214(c) 04/15/31   2,991 3,003,040
Signal Peak CLO Ltd.,
Series 2018-05A, Class A, 144A, 3 Month SOFR + 1.372% (Cap N/A, Floor 1.110%)
6.750(c) 04/25/31   1,702 1,695,474
Voya CLO Ltd. (Cayman Islands),          
Series 2013-02A, Class A1R, 144A, 3 Month SOFR + 1.232% (Cap N/A, Floor 0.970%) 6.610(c) 04/25/31   1,760 1,753,377
Series 2015-03A, Class A1R, 144A, 3 Month SOFR + 1.452% (Cap N/A, Floor 1.452%) 6.867(c) 10/20/31   4,000 3,985,107
     
 
Total Asset-Backed Securities
(cost $32,399,294)
32,628,674
1

PGIM Short Duration High Yield Opportunities Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Convertible Bond 0.0%
Telecommunications 
Digicel Group Holdings Ltd. (Jamaica),
Sub. Notes, 144A, Cash coupon 7.000% (original cost $5,338; purchased 03/21/23 - 04/03/23)(f)
(cost $5,338)
7.000 % 11/16/23(d)(oo)   36  $1,811
Corporate Bonds 98.9%
Aerospace & Defense 2.8%
Bombardier, Inc. (Canada),          
Sr. Unsec’d. Notes, 144A 6.000 02/15/28   1,425 1,257,562
Sr. Unsec’d. Notes, 144A(aa) 7.125 06/15/26   3,200 3,069,690
Sr. Unsec’d. Notes, 144A 7.500 03/15/25   450 448,313
Sr. Unsec’d. Notes, 144A 7.500 02/01/29   500 463,125
Sr. Unsec’d. Notes, 144A 7.875 04/15/27   775 745,937
     
 
Spirit AeroSystems, Inc.,
Sec’d. Notes, 144A
7.500 04/15/25   400 398,970
TransDigm, Inc.,          
Gtd. Notes(aa) 5.500 11/15/27   2,900 2,702,167
Gtd. Notes 7.500 03/15/27   775 773,775
Sr. Sec’d. Notes, 144A 6.250 03/15/26   1,425 1,393,293
          11,252,832
Airlines 1.9%
American Airlines, Inc.,          
Sr. Sec’d. Notes, 144A 7.250 02/15/28   325 302,603
Sr. Sec’d. Notes, 144A 11.750 07/15/25   150 159,009
     
 
American Airlines, Inc./AAdvantage Loyalty IP Ltd.,
Sr. Sec’d. Notes, 144A(aa)
5.500 04/20/26   4,292 4,173,217
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd.,
Sr. Sec’d. Notes, 144A
5.750 01/20/26   475 350,906
United Airlines, Inc.,
Sr. Sec’d. Notes, 144A
4.375 04/15/26   1,480 1,376,537
2

PGIM Short Duration High Yield Opportunities Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Airlines (cont’d.)
VistaJet Malta Finance PLC/Vista Management
Holding, Inc. (Switzerland),
         
Sr. Unsec’d. Notes, 144A 7.875 % 05/01/27   1,175  $900,344
Sr. Unsec’d. Notes, 144A 9.500 06/01/28   425 325,125
          7,587,741
Apparel 0.6%
Hanesbrands, Inc.,
Gtd. Notes, 144A
4.875 05/15/26   618 568,103
William Carter Co. (The),
Gtd. Notes, 144A
5.625 03/15/27   1,797 1,716,037
          2,284,140
Auto Manufacturers 2.4%
Allison Transmission, Inc.,
Sr. Unsec’d. Notes, 144A
4.750 10/01/27   1,075 982,726
Ford Motor Credit Co. LLC,          
Sr. Unsec’d. Notes 2.300 02/10/25   1,000 943,938
Sr. Unsec’d. Notes 2.900 02/16/28   1,075 914,039
Sr. Unsec’d. Notes 3.375 11/13/25   975 909,746
Sr. Unsec’d. Notes 3.664 09/08/24   250 243,347
Sr. Unsec’d. Notes 4.125 08/17/27   400 363,457
Sr. Unsec’d. Notes 4.950 05/28/27   200 187,453
Sr. Unsec’d. Notes 5.125 06/16/25   200 194,334
Sr. Unsec’d. Notes 6.800 05/12/28   1,925 1,920,175
Sr. Unsec’d. Notes 6.950 03/06/26   350 351,025
Sr. Unsec’d. Notes 7.350 11/04/27   850 860,238
     
 
Jaguar Land Rover Automotive PLC (United Kingdom),
Gtd. Notes, 144A
7.750 10/15/25   650 650,000
Nissan Motor Acceptance Co. LLC,          
Sr. Unsec’d. Notes, 144A 2.750 03/09/28   275 228,001
Sr. Unsec’d. Notes, 144A, MTN 1.850 09/16/26   575 498,341
     
 
3

PGIM Short Duration High Yield Opportunities Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Auto Manufacturers (cont’d.)
     
Nissan Motor Co. Ltd. (Japan),
Sr. Unsec’d. Notes, 144A
4.345 % 09/17/27   250  $225,863
PM General Purchaser LLC,
Sr. Sec’d. Notes, 144A
9.500 10/01/28   300 282,024
          9,754,707
Auto Parts & Equipment 1.3%
Adient Global Holdings Ltd.,          
Gtd. Notes, 144A 4.875 08/15/26   1,050 975,187
Sr. Sec’d. Notes, 144A 7.000 04/15/28   305 299,437
American Axle & Manufacturing, Inc.,          
Gtd. Notes 6.250 03/15/26   84 81,167
Gtd. Notes 6.500 04/01/27   1,200 1,131,874
     
 
Dana, Inc.,
Sr. Unsec’d. Notes
5.375 11/15/27   2,000 1,839,192
Tenneco, Inc.,
Sr. Sec’d. Notes, 144A
8.000 11/17/28   950 762,376
Titan International, Inc.,
Sr. Sec’d. Notes
7.000 04/30/28   375 342,554
          5,431,787
Banks 0.5%
Freedom Mortgage Corp.,
Sr. Unsec’d. Notes, 144A
12.000 10/01/28   250 250,863
Intesa Sanpaolo SpA (Italy),
Sub. Notes, 144A, MTN
5.017 06/26/24   600 587,262
Popular, Inc. (Puerto Rico),
Sr. Unsec’d. Notes
7.250 03/13/28   1,275 1,264,048
          2,102,173
Building Materials 1.7%
Eco Material Technologies, Inc.,
Sr. Sec’d. Notes, 144A
7.875 01/31/27   550 522,038
JELD-WEN, Inc.,          
Gtd. Notes, 144A 4.625 12/15/25   435 412,580
Gtd. Notes, 144A 4.875 12/15/27   1,175 1,001,428
     
 
4

PGIM Short Duration High Yield Opportunities Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Building Materials (cont’d.)
     
Masonite International Corp.,
Gtd. Notes, 144A
5.375 % 02/01/28   125  $114,775
Standard Industries, Inc.,          
Sr. Unsec’d. Notes, 144A 4.750 01/15/28   1,825 1,635,465
Sr. Unsec’d. Notes, 144A(aa) 5.000 02/15/27   3,300 3,051,576
          6,737,862
Chemicals 1.6%
Avient Corp.,
Sr. Unsec’d. Notes, 144A(aa)
5.750 05/15/25   2,474 2,422,275
Cornerstone Chemical Co.,
Sr. Sec’d. Notes, 144A, Cash coupon 8.250% and PIK 2.000% (original cost $379,118; purchased 05/19/21)(f)
10.250 09/01/27(d)   395 336,509
NOVA Chemicals Corp. (Canada),
Sr. Unsec’d. Notes, 144A
4.875 06/01/24   665 653,496
Olympus Water US Holding Corp.,
Sr. Sec’d. Notes, 144A
9.750 11/15/28   875 855,135
Rain CII Carbon LLC/CII Carbon Corp.,
Sec’d. Notes, 144A
7.250 04/01/25   41 39,375
SNF Group SACA (France),
Sr. Unsec’d. Notes, 144A
3.125 03/15/27   2,025 1,776,998
TPC Group, Inc.,
Sr. Sec’d. Notes, 144A (original cost $202,855; purchased 12/15/22 - 05/16/23)(f)
13.000 12/16/27   204 204,640
WR Grace Holdings LLC,
Sr. Sec’d. Notes, 144A
4.875 06/15/27   175 157,421
          6,445,849
Coal 0.2%
Conuma Resources Ltd. (Canada),
Sr. Sec’d. Notes, 144A
13.125 05/01/28   700 646,639
Commercial Services 5.7%
Adtalem Global Education, Inc.,
Sr. Sec’d. Notes, 144A
5.500 03/01/28   646 591,884
5

PGIM Short Duration High Yield Opportunities Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Commercial Services (cont’d.)
Allied Universal Holdco LLC/Allied Universal
Finance Corp.,
         
Sr. Sec’d. Notes, 144A(aa) 6.625 % 07/15/26   7,600  $7,114,934
Sr. Unsec’d. Notes, 144A 9.750 07/15/27   797 694,106
     
 
Alta Equipment Group, Inc.,
Sec’d. Notes, 144A
5.625 04/15/26   1,925 1,725,982
AMN Healthcare, Inc.,
Gtd. Notes, 144A
4.625 10/01/27   950 852,017
Avis Budget Car Rental LLC/Avis Budget Finance,
Inc.,
         
Gtd. Notes, 144A 5.750 07/15/27   825 757,301
Gtd. Notes, 144A 5.750 07/15/27   1,625 1,485,083
     
 
Brink’s Co. (The),
Gtd. Notes, 144A
5.500 07/15/25   825 804,332
Herc Holdings, Inc.,
Gtd. Notes, 144A
5.500 07/15/27   2,576 2,423,743
Hertz Corp. (The),
Gtd. Notes, 144A
4.625 12/01/26   550 464,224
MPH Acquisition Holdings LLC,
Sr. Sec’d. Notes, 144A
5.500 09/01/28   675 563,827
United Rentals North America, Inc.,
Gtd. Notes
4.875 01/15/28   125 116,134
Verscend Escrow Corp.,
Sr. Unsec’d. Notes, 144A(aa)
9.750 08/15/26   5,235 5,198,943
VT Topco, Inc.,
Sr. Sec’d. Notes, 144A
8.500 08/15/30   250 243,735
          23,036,245
Computers 0.5%
CA Magnum Holdings (India),
Sr. Sec’d. Notes, 144A
5.375 10/31/26   250 217,715
Tempo Acquisition LLC/Tempo Acquisition Finance Corp.,
Sr. Sec’d. Notes, 144A
5.750 06/01/25   1,700 1,660,853
          1,878,568
6

PGIM Short Duration High Yield Opportunities Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Distribution/Wholesale 0.1%
H&E Equipment Services, Inc.,
Gtd. Notes, 144A
3.875 % 12/15/28   200  $169,455
Ritchie Bros Holdings, Inc. (Canada),
Sr. Sec’d. Notes, 144A
6.750 03/15/28   125 122,500
          291,955
Diversified Financial Services 5.1%
Bread Financial Holdings, Inc.,
Gtd. Notes, 144A(aa)
4.750 12/15/24   3,225 3,124,562
goeasy Ltd. (Canada),          
Gtd. Notes, 144A 4.375 05/01/26   450 405,562
Gtd. Notes, 144A(aa) 5.375 12/01/24   4,241 4,156,180
     
 
LD Holdings Group LLC,
Gtd. Notes, 144A
6.125 04/01/28   1,650 915,272
LFS Topco LLC,
Gtd. Notes, 144A
5.875 10/15/26   1,050 887,482
Macquarie Airfinance Holdings Ltd. (United
Kingdom),
         
Sr. Unsec’d. Notes, 144A 8.125 03/30/29   200 196,392
Sr. Unsec’d. Notes, 144A 8.375 05/01/28   100 99,396
Nationstar Mortgage Holdings, Inc.,          
Gtd. Notes, 144A 5.500 08/15/28   500 441,585
Gtd. Notes, 144A 6.000 01/15/27   1,256 1,168,974
Navient Corp.,          
Sr. Unsec’d. Notes 5.875 10/25/24   200 195,664
Sr. Unsec’d. Notes 6.750 06/25/25   950 927,814
Sr. Unsec’d. Notes, MTN 6.125 03/25/24   1,325 1,318,561
OneMain Finance Corp.,          
Gtd. Notes 6.125 03/15/24   250 249,418
Gtd. Notes 6.875 03/15/25   1,075 1,061,377
Gtd. Notes(aa) 7.125 03/15/26   4,150 4,033,025
     
 
PennyMac Financial Services, Inc.,
Gtd. Notes, 144A
5.375 10/15/25   1,050 999,530
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.,
Gtd. Notes, 144A
2.875 10/15/26   750 653,460
          20,834,254
7

PGIM Short Duration High Yield Opportunities Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Electric 2.4%
Calpine Corp.,          
Sr. Sec’d. Notes, 144A 4.500 % 02/15/28   900  $811,737
Sr. Sec’d. Notes, 144A(aa) 5.250 06/01/26   1,716 1,653,374
Sr. Unsec’d. Notes, 144A 5.125 03/15/28   1,000 894,964
NRG Energy, Inc.,          
Gtd. Notes 5.750 01/15/28   1,132 1,063,043
Gtd. Notes, 144A 3.875 02/15/32   25 18,673
Gtd. Notes, 144A 5.250 06/15/29   400 353,699
Vistra Operations Co. LLC,          
Gtd. Notes, 144A(aa) 5.000 07/31/27   3,750 3,440,448
Gtd. Notes, 144A 5.500 09/01/26   1,350 1,287,041
Gtd. Notes, 144A 5.625 02/15/27   150 141,167
          9,664,146
Electrical Components & Equipment 1.2%
Energizer Holdings, Inc.,
Gtd. Notes, 144A
6.500 12/31/27   1,500 1,407,012
WESCO Distribution, Inc.,          
Gtd. Notes, 144A 7.125 06/15/25   2,175 2,178,154
Gtd. Notes, 144A 7.250 06/15/28   1,200 1,193,502
          4,778,668
Electronics 0.4%
Likewize Corp.,
Sr. Sec’d. Notes, 144A
9.750 10/15/25   1,800 1,789,314
Engineering & Construction 0.0%
Brand Industrial Services, Inc.,
Sr. Sec’d. Notes, 144A
10.375 08/01/30   75 74,521
Entertainment 4.0%
Caesars Entertainment, Inc.,          
Sr. Sec’d. Notes, 144A(aa) 6.250 07/01/25   5,300 5,216,005
Sr. Sec’d. Notes, 144A 7.000 02/15/30   1,600 1,540,029
Sr. Unsec’d. Notes, 144A 4.625 10/15/29   200 164,481
     
 
CCM Merger, Inc.,
Sr. Unsec’d. Notes, 144A
6.375 05/01/26   1,750 1,659,860
8

PGIM Short Duration High Yield Opportunities Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Entertainment (cont’d.)
     
Golden Entertainment, Inc.,
Sr. Unsec’d. Notes, 144A
7.625 % 04/15/26   1,000  $1,002,908
International Game Technology PLC,          
Sr. Sec’d. Notes, 144A 6.250 01/15/27   550 534,236
Sr. Sec’d. Notes, 144A 6.500 02/15/25   1,550 1,532,640
     
 
Jacobs Entertainment, Inc.,
Sr. Unsec’d. Notes, 144A
6.750 02/15/29   225 188,284
Motion Bondco DAC (United Kingdom),
Gtd. Notes, 144A
6.625 11/15/27   650 581,750
Penn Entertainment, Inc.,
Sr. Unsec’d. Notes, 144A(aa)
5.625 01/15/27   4,150 3,796,439
          16,216,632
Foods 1.7%
Albertson’s Cos., Inc./Safeway, Inc./New
Albertson’s LP/Albertson’s LLC,
         
Gtd. Notes, 144A 3.250 03/15/26   587 542,757
Gtd. Notes, 144A 4.625 01/15/27   2,175 2,041,763
Gtd. Notes, 144A 6.500 02/15/28   75 73,630
B&G Foods, Inc.,          
Gtd. Notes(aa) 5.250 04/01/25   1,228 1,178,819
Gtd. Notes 5.250 09/15/27   650 534,964
     
 
Chobani LLC/Chobani Finance Corp., Inc.,
Gtd. Notes, 144A(aa)
7.500 04/15/25   1,500 1,478,666
Post Holdings, Inc.,
Gtd. Notes, 144A
5.625 01/15/28   1,338 1,242,764
          7,093,363
Gas 0.4%
AmeriGas Partners LP/AmeriGas Finance Corp.,          
Sr. Unsec’d. Notes 5.750 05/20/27   1,225 1,125,458
Sr. Unsec’d. Notes 5.875 08/20/26   550 515,649
          1,641,107
Healthcare-Services 3.2%
HCA, Inc.,          
Gtd. Notes(aa) 5.875 02/15/26   4,214 4,176,758
9

PGIM Short Duration High Yield Opportunities Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Healthcare-Services (cont’d.)
HCA, Inc., (cont’d.)          
Gtd. Notes 7.050 % 12/01/27   792   $808,669
     
 
Legacy LifePoint Health LLC,
Sr. Sec’d. Notes, 144A
4.375 02/15/27   210 173,604
Prime Healthcare Services, Inc.,
Sr. Sec’d. Notes, 144A(aa)
7.250 11/01/25   3,833 3,507,178
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc.,
Gtd. Notes, 144A(aa)
9.750 12/01/26   3,175 2,989,957
Tenet Healthcare Corp.,          
Gtd. Notes 6.125 10/01/28   725 670,724
Sr. Sec’d. Notes 4.625 06/15/28   700 623,226
Sr. Sec’d. Notes 4.875 01/01/26   150 143,905
          13,094,021
Home Builders 6.1%
Adams Homes, Inc.,
Sr. Unsec’d. Notes, 144A
9.250 10/15/28   525 512,780
Ashton Woods USA LLC/Ashton Woods Finance Co.,
Sr. Unsec’d. Notes, 144A
6.625 01/15/28   600 549,481
Beazer Homes USA, Inc.,
Gtd. Notes(aa)
5.875 10/15/27   3,775 3,371,369
Brookfield Residential Properties, Inc./Brookfield Residential US LLC (Canada),
Gtd. Notes, 144A(aa)
6.250 09/15/27   3,437 2,985,894
Century Communities, Inc.,
Gtd. Notes
6.750 06/01/27   1,000 964,947
Empire Communities Corp. (Canada),
Sr. Unsec’d. Notes, 144A(aa)
7.000 12/15/25   2,920 2,715,600
Forestar Group, Inc.,
Gtd. Notes, 144A
3.850 05/15/26   2,356 2,106,261
KB Home,
Gtd. Notes
6.875 06/15/27   432 428,798
M/I Homes, Inc.,
Gtd. Notes
4.950 02/01/28   925 829,729
Mattamy Group Corp. (Canada),
Sr. Unsec’d. Notes, 144A(aa)
5.250 12/15/27   3,350 3,006,625
Meritage Homes Corp.,
Gtd. Notes
6.000 06/01/25   695 681,965
10

PGIM Short Duration High Yield Opportunities Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Home Builders (cont’d.)
Shea Homes LP/Shea Homes Funding Corp.,
Sr. Unsec’d. Notes
4.750 % 02/15/28   550  $486,086
STL Holding Co. LLC,
Sr. Unsec’d. Notes, 144A
7.500 02/15/26   1,280 1,199,360
Taylor Morrison Communities, Inc.,          
Gtd. Notes, 144A 5.875 06/15/27   2,296 2,152,464
Gtd. Notes, 144A 6.625 07/15/27   350 336,273
     
 
TRI Pointe Group, Inc./TRI Pointe Homes, Inc.,
Gtd. Notes
5.875 06/15/24   700 694,246
Tri Pointe Homes, Inc.,
Gtd. Notes
5.250 06/01/27   1,850 1,690,480
          24,712,358
Household Products/Wares 0.2%
Kronos Acquisition Holdings, Inc./KIK Custom
Products, Inc. (Canada),
         
Gtd. Notes, 144A 7.000 12/31/27   500 425,000
Sr. Sec’d. Notes, 144A 5.000 12/31/26   250 226,250
          651,250
Housewares 0.2%
Scotts Miracle-Gro Co. (The),          
Gtd. Notes 4.000 04/01/31   575 428,021
Gtd. Notes 4.375 02/01/32   125 91,678
Gtd. Notes 4.500 10/15/29   300 237,180
          756,879
Internet 2.5%
Cablevision Lightpath LLC,
Sr. Sec’d. Notes, 144A
3.875 09/15/27   2,120 1,729,382
Cogent Communications Group, Inc.,
Sr. Sec’d. Notes, 144A
3.500 05/01/26   700 638,070
Gen Digital, Inc.,
Sr. Unsec’d. Notes, 144A(aa)
5.000 04/15/25   6,150 5,981,712
11

PGIM Short Duration High Yield Opportunities Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Internet (cont’d.)
Go Daddy Operating Co. LLC/GD Finance Co., Inc.,
Gtd. Notes, 144A
5.250 % 12/01/27   600  $566,378
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc.,
Sr. Sec’d. Notes, 144A
4.750 04/30/27   1,435 1,283,593
          10,199,135
Iron/Steel 1.2%
ATI, Inc.,
Sr. Unsec’d. Notes
7.250 08/15/30   200 192,632
Big River Steel LLC/BRS Finance Corp.,
Sr. Sec’d. Notes, 144A
6.625 01/31/29   1,859 1,841,247
Cleveland-Cliffs, Inc.,          
Gtd. Notes, 144A 6.750 04/15/30   550 510,565
Sr. Sec’d. Notes, 144A 6.750 03/15/26   1,750 1,743,214
     
 
Mineral Resources Ltd. (Australia),
Sr. Unsec’d. Notes, 144A
9.250 10/01/28   550 550,000
          4,837,658
Leisure Time 3.6%
Carnival Corp.,          
Gtd. Notes, 144A 5.750 03/01/27   1,225 1,090,250
Gtd. Notes, 144A 7.625 03/01/26   1,450 1,405,717
Sr. Sec’d. Notes, 144A 4.000 08/01/28   350 303,695
Sr. Sec’d. Notes, 144A 7.000 08/15/29   575 563,500
     
 
Lindblad Expeditions Holdings, Inc.,
Sr. Sec’d. Notes, 144A
9.000 05/15/28   475 464,358
NCL Corp. Ltd.,          
Gtd. Notes, 144A 5.875 03/15/26   1,650 1,480,875
Sr. Sec’d. Notes, 144A 5.875 02/15/27   975 897,000
Sr. Sec’d. Notes, 144A 8.125 01/15/29   175 170,406
Sr. Sec’d. Notes, 144A 8.375 02/01/28   725 718,656
Sr. Unsec’d. Notes, 144A 3.625 12/15/24   200 189,250
Royal Caribbean Cruises Ltd.,          
Gtd. Notes, 144A 7.250 01/15/30   225 221,625
Sr. Unsec’d. Notes, 144A 5.375 07/15/27   1,025 941,719
Sr. Unsec’d. Notes, 144A 5.500 04/01/28   725 658,829
Sr. Unsec’d. Notes, 144A 11.625 08/15/27   3,625 3,932,654
12

PGIM Short Duration High Yield Opportunities Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Leisure Time (cont’d.)
Viking Cruises Ltd.,          
Gtd. Notes, 144A 5.875 % 09/15/27   1,475  $1,328,828
Gtd. Notes, 144A 6.250 05/15/25   500 486,250
          14,853,612
Lodging 3.9%
Genting New York LLC/GENNY Capital, Inc.,
Sr. Unsec’d. Notes, 144A
3.300 02/15/26   1,375 1,230,141
Las Vegas Sands Corp.,
Sr. Unsec’d. Notes
3.500 08/18/26   500 459,966
MGM Resorts International,          
Gtd. Notes(aa) 4.625 09/01/26   4,585 4,257,941
Gtd. Notes 5.750 06/15/25   75 73,378
Gtd. Notes(aa) 6.750 05/01/25   3,162 3,144,177
     
 
Sugarhouse HSP Gaming Prop Mezz LP/Sugarhouse HSP Gaming Finance Corp.,
Sr. Sec’d. Notes, 144A(aa)
5.875 05/15/25   3,896 3,744,851
Wynn Macau Ltd. (Macau),          
Sr. Unsec’d. Notes, 144A 5.500 01/15/26   650 598,988
Sr. Unsec’d. Notes, 144A 5.500 10/01/27   2,925 2,544,136
          16,053,578
Machinery-Diversified 0.9%
Maxim Crane Works Holdings Capital LLC,
Sec’d. Notes, 144A
11.500 09/01/28   900 878,478
TK Elevator US Newco, Inc. (Germany),
Sr. Sec’d. Notes, 144A(aa)
5.250 07/15/27   3,175 2,881,313
          3,759,791
Media 10.8%
AMC Networks, Inc.,
Gtd. Notes
5.000 04/01/24   1,280 1,271,979
CCO Holdings LLC/CCO Holdings Capital Corp.,          
Sr. Unsec’d. Notes, 144A(aa) 5.000 02/01/28   2,560 2,291,349
Sr. Unsec’d. Notes, 144A(aa) 5.125 05/01/27   5,165 4,751,552
Sr. Unsec’d. Notes, 144A(aa) 5.500 05/01/26   3,074 2,941,159
13

PGIM Short Duration High Yield Opportunities Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Media (cont’d.)
CSC Holdings LLC,          
Gtd. Notes, 144A 5.375 % 02/01/28   500  $398,261
Gtd. Notes, 144A 5.500 04/15/27   3,520 2,939,133
Sr. Unsec’d. Notes 5.250 06/01/24   715 668,538
Sr. Unsec’d. Notes, 144A 7.500 04/01/28   200 128,813
DISH DBS Corp.,          
Gtd. Notes 5.875 11/15/24   1,850 1,697,375
Gtd. Notes 7.750 07/01/26   2,595 1,737,385
     
 
DISH Network Corp.,
Sr. Sec’d. Notes, 144A
11.750 11/15/27   1,690 1,673,850
Gray Television, Inc.,
Gtd. Notes, 144A(aa)
5.875 07/15/26   5,173 4,608,379
iHeartCommunications, Inc.,
Sr. Sec’d. Notes(aa)
6.375 05/01/26   2,715 2,212,553
Midcontinent Communications/Midcontinent Finance Corp.,
Gtd. Notes, 144A
5.375 08/15/27   2,180 1,990,199
Nexstar Media, Inc.,
Gtd. Notes, 144A(aa)
5.625 07/15/27   3,345 3,009,381
Radiate Holdco LLC/Radiate Finance, Inc.,
Sr. Sec’d. Notes, 144A(aa)
4.500 09/15/26   3,350 2,568,380
Sinclair Television Group, Inc.,
Gtd. Notes, 144A
5.125 02/15/27   1,250 989,327
Univision Communications, Inc.,
Sr. Sec’d. Notes, 144A(aa)
5.125 02/15/25   5,084 4,967,066
Videotron Ltd. (Canada),
Gtd. Notes, 144A(aa)
5.375 06/15/24   3,214 3,177,843
          44,022,522
Mining 2.3%
Arsenal AIC Parent LLC,
Sr. Sec’d. Notes, 144A
8.000 10/01/30   200 197,488
Constellium SE,
Gtd. Notes, 144A
5.875 02/15/26   825 789,938
First Quantum Minerals Ltd. (Zambia),          
Gtd. Notes, 144A 6.875 03/01/26   200 175,450
Gtd. Notes, 144A 6.875 10/15/27   400 337,000
Gtd. Notes, 144A 7.500 04/01/25   1,879 1,752,355
     
 
14

PGIM Short Duration High Yield Opportunities Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Mining (cont’d.)
     
Hecla Mining Co.,
Gtd. Notes
7.250 % 02/15/28   350  $336,318
Hudbay Minerals, Inc. (Canada),
Gtd. Notes, 144A(aa)
4.500 04/01/26   2,920 2,703,628
New Gold, Inc. (Canada),
Gtd. Notes, 144A
7.500 07/15/27   625 586,531
Novelis Corp.,
Gtd. Notes, 144A(aa)
3.250 11/15/26   2,945 2,624,970
          9,503,678
Miscellaneous Manufacturing 0.5%
Amsted Industries, Inc.,
Gtd. Notes, 144A
5.625 07/01/27   1,523 1,407,171
Trinity Industries, Inc.,
Gtd. Notes, 144A
7.750 07/15/28   500 493,782
          1,900,953
Office/Business Equipment 0.9%
CDW LLC/CDW Finance Corp.,
Gtd. Notes(aa)
4.125 05/01/25   3,982 3,845,322
Oil & Gas 5.4%
Aethon United BR LP/Aethon United Finance Corp.,
Sr. Unsec’d. Notes, 144A
8.250 02/15/26   1,300 1,291,519
Ascent Resources Utica Holdings LLC/ARU Finance Corp.,
Gtd. Notes, 144A(aa)
7.000 11/01/26   4,025 3,889,737
Athabasca Oil Corp. (Canada),
Sec’d. Notes, 144A
9.750 11/01/26   1,587 1,638,577
Chesapeake Energy Corp.,
Gtd. Notes, 144A(aa)
5.500 02/01/26   2,936 2,850,803
CITGO Petroleum Corp.,          
Sr. Sec’d. Notes, 144A 6.375 06/15/26   875 860,549
Sr. Sec’d. Notes, 144A 7.000 06/15/25   200 196,697
Civitas Resources, Inc.,          
Gtd. Notes, 144A 8.375 07/01/28   650 654,665
Gtd. Notes, 144A 8.625 11/01/30   150 152,673
     
 
15

PGIM Short Duration High Yield Opportunities Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Oil & Gas (cont’d.)
     
CNX Resources Corp.,
Gtd. Notes, 144A
7.250 % 03/14/27   675  $664,719
Crescent Energy Finance LLC,          
Gtd. Notes, 144A 7.250 05/01/26   200 193,470
Gtd. Notes, 144A 9.250 02/15/28   400 405,642
     
 
Diamond Foreign Asset Co./Diamond Finance LLC,
Sec’d. Notes, 144A
8.500 10/01/30   150 145,470
Endeavor Energy Resources LP/EER Finance, Inc.,
Sr. Unsec’d. Notes, 144A
5.750 01/30/28   600 575,887
MEG Energy Corp. (Canada),
Gtd. Notes, 144A
7.125 02/01/27   275 277,063
Nabors Industries, Inc.,
Gtd. Notes, 144A
7.375 05/15/27   900 841,733
Noble Finance II LLC,
Gtd. Notes, 144A
8.000 04/15/30   175 175,601
Parkland Corp. (Canada),
Gtd. Notes, 144A
5.875 07/15/27   1,150 1,101,125
Precision Drilling Corp. (Canada),
Gtd. Notes, 144A
7.125 01/15/26   525 513,844
Preem Holdings AB (Sweden),
Sr. Unsec’d. Notes, 144A
12.000 06/30/27 EUR 900 1,019,379
Range Resources Corp.,
Gtd. Notes
4.875 05/15/25   200 194,734
SilverBow Resources, Inc.,
Sec’d. Notes, 144A, 3 Month LIBOR + 0.750%^
13.052(c) 12/15/28   1,750 1,719,375
Southwestern Energy Co.,          
Gtd. Notes 5.375 02/01/29   225 208,168
Gtd. Notes 8.375 09/15/28   900 930,606
     
 
Sunoco LP/Sunoco Finance Corp.,
Gtd. Notes
6.000 04/15/27   1,200 1,157,044
Valaris Ltd.,
Sec’d. Notes, 144A
8.375 04/30/30   225 220,500
Vital Energy, Inc.,          
Gtd. Notes 9.750 10/15/30   75 73,519
Gtd. Notes 10.125 01/15/28   150 150,433
          22,103,532
16

PGIM Short Duration High Yield Opportunities Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Packaging & Containers 1.6%
Ardagh Packaging Finance PLC/Ardagh Holdings
USA, Inc.,
         
Sr. Sec’d. Notes, 144A 4.125 % 08/15/26   300  $264,750
Sr. Unsec’d. Notes, 144A 5.250 08/15/27   1,000 725,000
     
 
Graham Packaging Co., Inc.,
Gtd. Notes, 144A
7.125 08/15/28   500 387,876
Intelligent Packaging Ltd. Finco, Inc./Intelligent Packaging Ltd. Co-Issuer LLC (Canada),
Sr. Sec’d. Notes, 144A
6.000 09/15/28   1,700 1,411,000
LABL, Inc.,          
Sr. Sec’d. Notes, 144A 6.750 07/15/26   250 230,369
Sr. Sec’d. Notes, 144A 9.500 11/01/28   175 170,250
Sr. Unsec’d. Notes, 144A 10.500 07/15/27   1,400 1,217,245
     
 
Mauser Packaging Solutions Holding Co.,
Sr. Sec’d. Notes, 144A
7.875 08/15/26   475 445,031
Owens-Brockway Glass Container, Inc.,
Gtd. Notes, 144A
6.625 05/13/27   160 152,210
Pactiv Evergreen Group Issuer LLC/Pactiv Evergreen Group Issuer, Inc.,
Sr. Sec’d. Notes, 144A
4.375 10/15/28   575 491,451
Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC,
Sr. Sec’d. Notes, 144A
4.000 10/15/27   150 131,948
Sealed Air Corp./Sealed Air Corp. US,
Gtd. Notes, 144A
6.125 02/01/28   150 142,670
Trident TPI Holdings, Inc.,
Gtd. Notes, 144A
12.750 12/31/28   875 896,819
          6,666,619
Pharmaceuticals 2.1%
AdaptHealth LLC,
Gtd. Notes, 144A
6.125 08/01/28   2,025 1,673,819
Bausch Health Americas, Inc.,
Gtd. Notes, 144A(aa)
8.500 01/31/27   7,909 3,553,514
17

PGIM Short Duration High Yield Opportunities Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Pharmaceuticals (cont’d.)
Organon & Co./Organon Foreign Debt Co-Issuer BV,
Sr. Sec’d. Notes, 144A
4.125 % 04/30/28   1,000  $863,897
P&L Development LLC/PLD Finance Corp.,
Sr. Sec’d. Notes, 144A(aa)
7.750 11/15/25   3,514 2,359,697
          8,450,927
Pipelines 3.7%
Antero Midstream Partners LP/Antero Midstream
Finance Corp.,
         
Gtd. Notes, 144A 5.750 03/01/27   375 358,730
Gtd. Notes, 144A 7.875 05/15/26   2,525 2,548,475
EQM Midstream Partners LP,          
Sr. Unsec’d. Notes, 144A 6.000 07/01/25   505 495,359
Sr. Unsec’d. Notes, 144A 6.500 07/01/27   1,475 1,440,624
Sr. Unsec’d. Notes, 144A 7.500 06/01/27   400 397,336
     
 
Global Partners LP/GLP Finance Corp.,
Gtd. Notes
7.000 08/01/27   750 706,681
Howard Midstream Energy Partners LLC,
Sr. Unsec’d. Notes, 144A
8.875 07/15/28   225 226,889
Northriver Midstream Finance LP (Canada),
Sr. Sec’d. Notes, 144A
5.625 02/15/26   375 355,313
Rockies Express Pipeline LLC,
Sr. Unsec’d. Notes, 144A
3.600 05/15/25   475 449,500
Tallgrass Energy Partners LP/Tallgrass Energy
Finance Corp.,
         
Gtd. Notes, 144A 6.000 03/01/27   1,384 1,270,169
Gtd. Notes, 144A 7.500 10/01/25   1,500 1,481,501
Venture Global LNG, Inc.,          
Sr. Sec’d. Notes, 144A 9.500 02/01/29   2,225 2,256,835
Sr. Sec’d. Notes, 144A 9.875 02/01/32   1,175 1,191,727
     
 
Western Midstream Operating LP,
Sr. Unsec’d. Notes
3.100 02/01/25   2,100 2,018,182
          15,197,321
18

PGIM Short Duration High Yield Opportunities Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Real Estate 1.0%
Five Point Operating Co. LP/Five Point Capital Corp.,
Gtd. Notes, 144A
7.875 % 11/15/25   1,975  $1,864,123
Greystar Real Estate Partners LLC,
Sr. Sec’d. Notes, 144A
7.750 09/01/30   250 245,598
Howard Hughes Corp. (The),
Gtd. Notes, 144A
5.375 08/01/28   2,372 2,087,319
          4,197,040
Real Estate Investment Trusts (REITs) 2.2%
Diversified Healthcare Trust,          
Gtd. Notes(aa) 9.750 06/15/25   2,684 2,604,664
Sr. Unsec’d. Notes 4.750 05/01/24   500 469,252
MPT Operating Partnership LP/MPT Finance Corp.,          
Gtd. Notes 0.993 10/15/26 EUR 200 155,859
Gtd. Notes 5.000 10/15/27   2,250 1,743,045
     
 
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer,
Sr. Sec’d. Notes, 144A(aa)
7.500 06/01/25   2,750 2,727,398
RHP Hotel Properties LP/RHP Finance Corp.,          
Gtd. Notes 4.750 10/15/27   275 250,133
Gtd. Notes, 144A 7.250 07/15/28   200 195,027
     
 
VICI Properties LP/VICI Note Co., Inc.,
Gtd. Notes, 144A
4.500 09/01/26   901 843,445
          8,988,823
Retail 2.4%
1011778 BC ULC/New Red Finance, Inc. (Canada),          
Sec’d. Notes, 144A 4.375 01/15/28   792 710,820
Sr. Sec’d. Notes, 144A 3.875 01/15/28   50 44,500
     
 
At Home Group, Inc.,
Sr. Sec’d. Notes, 144A
4.875 07/15/28   100 34,198
Brinker International, Inc.,          
Gtd. Notes, 144A 5.000 10/01/24   525 512,139
Gtd. Notes, 144A 8.250 07/15/30   850 820,737
eG Global Finance PLC (United Kingdom),          
Sr. Sec’d. Notes 4.375 02/07/25 EUR 185 191,057
Sr. Sec’d. Notes 6.250 10/30/25 EUR 285 295,423
19

PGIM Short Duration High Yield Opportunities Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Retail (cont’d.)
eG Global Finance PLC (United Kingdom), (cont’d.)          
Sr. Sec’d. Notes, 144A 6.750 % 02/07/25   1,125  $1,113,075
Sr. Sec’d. Notes, 144A(aa) 8.500 10/30/25   4,511 4,432,058
     
 
Ferrellgas LP/Ferrellgas Finance Corp.,
Sr. Unsec’d. Notes, 144A (original cost $226,012; purchased 08/25/22 - 03/17/23)(f)
5.375 04/01/26   250 234,171
Sally Holdings LLC/Sally Capital, Inc.,
Gtd. Notes
5.625 12/01/25   1,100 1,063,130
Suburban Propane Partners LP/Suburban Energy Finance Corp.,
Sr. Unsec’d. Notes
5.875 03/01/27   225 214,251
          9,665,559
Semiconductors 0.9%
Microchip Technology, Inc.,
Gtd. Notes(aa)
4.250 09/01/25   3,630 3,500,082
Software 2.7%
Black Knight InfoServ LLC,
Gtd. Notes, 144A
3.625 09/01/28   880 784,854
Boxer Parent Co., Inc.,
Sr. Sec’d. Notes, 144A(aa)
7.125 10/02/25   2,000 1,973,719
Camelot Finance SA,
Sr. Sec’d. Notes, 144A(aa)
4.500 11/01/26   5,720 5,281,350
Clarivate Science Holdings Corp.,
Sr. Sec’d. Notes, 144A
3.875 07/01/28   500 431,039
SS&C Technologies, Inc.,
Gtd. Notes, 144A
5.500 09/30/27   2,500 2,345,060
          10,816,022
Telecommunications 5.6%
Altice France SA (France),
Sr. Sec’d. Notes, 144A
8.125 02/01/27   2,270 1,912,475
Digicel Group Holdings Ltd. (Jamaica),
Sr. Unsec’d. Notes, 144A, Cash coupon 5.000% and PIK 3.000% (original cost $14,540; purchased 03/21/23)(f)
8.000 04/01/25(d)   37 7,409
20

PGIM Short Duration High Yield Opportunities Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Telecommunications (cont’d.)
Digicel International Finance Ltd./Digicel
International Holdings Ltd. (Jamaica),
         
Gtd. Notes, 144A (original cost $140,000; purchased 03/09/23)(f) 8.000 % 12/31/26(d)   560  $11,200
Gtd. Notes, 144A, Cash coupon 13.000% (original cost $1,205,742; purchased 10/19/23)(f) 13.000 12/31/25(d)   1,721 1,188,555
Sr. Sec’d. Notes, 144A (original cost $542,418; purchased 10/19/23)(f) 8.750 05/25/24   600 549,559
Sr. Sec’d. Notes, 144A (original cost $2,986,769; purchased 10/19/23)(f) 8.750 05/25/24   3,160 2,894,352
     
 
Digicel Ltd. (Jamaica),
Gtd. Notes, 144A
6.750 03/01/23(d)   1,000 25,000
Iliad Holding SASU (France),
Sr. Sec’d. Notes, 144A
6.500 10/15/26   1,545 1,438,781
Level 3 Financing, Inc.,          
Gtd. Notes, 144A 4.625 09/15/27   1,530 1,030,435
Sr. Sec’d. Notes, 144A 3.400 03/01/27   2,550 2,371,525
Sprint LLC,          
Gtd. Notes 7.625 02/15/25   2,030 2,057,898
Gtd. Notes(aa) 7.625 03/01/26   5,150 5,289,890
Viasat, Inc.,          
Sr. Sec’d. Notes, 144A 5.625 04/15/27   550 480,710
Sr. Unsec’d. Notes, 144A(aa) 5.625 09/15/25   3,885 3,606,633
          22,864,422
Transportation 0.4%
XPO Escrow Sub LLC,
Gtd. Notes, 144A
7.500 11/15/27   275 274,642
XPO, Inc.,          
Gtd. Notes, 144A 7.125 06/01/31   75 73,065
Sr. Sec’d. Notes, 144A 6.250 06/01/28   1,450 1,389,746
          1,737,453
21

PGIM Short Duration High Yield Opportunities Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Corporate Bonds (Continued)
Trucking & Leasing 0.1%
Fortress Transportation & Infrastructure Investors LLC,
Gtd. Notes, 144A
5.500 % 05/01/28   450  $409,906
     
 
Total Corporate Bonds
(cost $434,960,554)
402,330,966
Floating Rate and Other Loans 9.7%
Airlines 0.5%
United Airlines, Inc.,
Class B Term Loan, 1 Month SOFR + 3.864%
9.189(c) 04/21/28   2,086 2,089,829
Chemicals 0.1%
Venator Finance Sarl,
Term Loan, 3 Month SOFR + 10.000%
15.426(c) 10/12/28   555 542,847
Commercial Services 1.0%
Cimpress PLC,
Tranche B-1 Term Loan, 1 Month SOFR + 3.614%
8.939(c) 05/17/28   978 958,764
Mavis Tire Express Services TopCo LP,
First Lien Initial Term Loan, 1 Month SOFR + 4.114%
9.439(c) 05/04/28   1,300 1,279,510
Trans Union LLC,
2021 Incremental Term B-6 Loan, 1 Month SOFR + 2.364%
7.689(c) 12/01/28   805 803,772
Verscend Holding Corp.,
New Term Loan B, 1 Month SOFR + 4.114%
9.439(c) 08/27/25   977 975,736
          4,017,782
Computers 0.8%
McAfee Corp.,
Tranche B-1 Term Loan, 1 Month SOFR + 3.850%
9.165(c) 03/01/29   2,059 1,959,824
NCR Atleos, LLC,
Term B Loan, 1 Month SOFR + 4.850%
10.176(c) 03/27/29   1,275 1,216,563
          3,176,387
22

PGIM Short Duration High Yield Opportunities Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Floating Rate and Other Loans (Continued)
Electric 0.1%
Heritage Power LLC,
Term Loan B, 3 Month LIBOR + 6.000%
12.500 %(c) 07/30/26(d)   2,534  $507,539
Entertainment 0.4%
Golden Entertainment, Inc.,
Term B1 Facility Term Loan, 1 Month SOFR + 2.850%
8.176(c) 05/28/30   1,551 1,545,995
Healthcare-Products 0.4%
Mozart Borrower LP,
Initial Dollar Term Loan, 1 Month SOFR + 3.364%
8.689(c) 10/23/28   1,784 1,770,704
Insurance 0.4%
Acrisure LLC,          
2021-1 Additional Term Loan, 1 Month LIBOR + 3.750% 9.189(c) 02/15/27   348 341,259
Term Loan B 2020, 1 Month LIBOR + 3.500% 8.939(c) 02/15/27   398 386,782
     
 
Asurion LLC,
New B-9 Term Loan, 1 Month SOFR + 3.364%
8.689(c) 07/31/27   999 952,529
          1,680,570
Media 0.5%
CSC Holdings LLC,
2022 Refinancing Term Loan, 1 Month SOFR + 4.500%
9.835(c) 01/18/28   1,722 1,605,059
Univision Communications, Inc.,
2021 Replacement Term Loan, 1 Month SOFR + 3.364%
8.689(c) 03/15/26   398 394,544
          1,999,603
Mining 0.5%
Rain Carbon GmbH (Germany),
2023 Replacement Term Loan, 3 Month EURIBOR + 5.000%
8.787(c) 10/31/28 EUR 2,000 2,089,748
23

PGIM Short Duration High Yield Opportunities Fund
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate
Maturity
Date
Principal
Amount
(000)#
Value
Floating Rate and Other Loans (Continued)
Packaging & Containers 0.8%
Trident TPI Holdings, Inc.,          
First Lien Tranche B-3 Initial Term Loan, 3 Month SOFR + 4.262% 9.652 %(c) 09/15/28   441  $435,122
Tranche B-5 Initial Term Loan, 3 Month SOFR + 4.500% 9.890(c) 09/15/28   2,840 2,825,422
          3,260,544
Retail 0.7%
Great Outdoors Group LLC,
Term B-2 Loan, 3 Month SOFR + 4.012%
9.402(c) 03/06/28   814 806,143
LBM Acquisition LLC,
First Lien Initial Term Loan, 1 Month SOFR + 3.850%
9.174(c) 12/17/27   998 947,415
White Cap Buyer LLC,
Initial Closing Date Term Loan, 1 Month SOFR + 3.750%
9.074(c) 10/19/27   882 874,720
          2,628,278
Software 2.7%
athenahealth, Inc.,
Initial Term Loan, 1 Month SOFR + 3.250%
8.577(c) 02/15/29   1,629 1,572,140
Boxer Parent Co., Inc.,          
2021 Replacement Dollar Term Loan, 1 Month SOFR + 3.864% 9.189(c) 10/02/25   4,308 4,301,196
Second Lien Incremental Term Loan, 1 Month SOFR + 5.614% 10.939(c) 02/27/26   150 148,687
     
 
Dun & Bradstreet Corp.,
Term Loan B, 1 Month SOFR + 2.850%
8.176(c) 02/06/26   3,683 3,677,251
Skillsoft Finance II, Inc.,
Initial Term Loan, 1 Month SOFR + 5.364%
10.699(c) 07/14/28