# EDGAR Filing Document

**Accession Number:** 0001051562
**File Stem:** 0001752724-25-207514
**Filing Date:** 2025-8
**Character Count:** 14681
**Document Hash:** 76ba3427cceb26afafdbd9e4e0c1c3ca
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-207514.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001752724-25-207514

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRUDENTIAL INVESTMENT PORTFOLIOS 12
- **CENTRAL INDEX KEY:** 0001051562

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08565
- **FILM NUMBER:** 251261555

**BUSINESS ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 6TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102-4077
- **BUSINESS PHONE:** (973) 802-5032

**MAIL ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 6TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102-4077

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRUDENTIAL GLOBAL REAL ESTATE FUND
- **DATE OF NAME CHANGE:** 20100219

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DRYDEN GLOBAL REAL ESTATE FUND
- **DATE OF NAME CHANGE:** 20070111

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** STRATEGIC PARTNERS REAL ESTATE FUND
- **DATE OF NAME CHANGE:** 20050616

## Series and Classes Contracts Data

### PGIM Conservative Retirement Spending Fund (Series ID: S000084506)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000248898 | Class R6     | PGFCX           |

## Nport-Ex

### PGIM Conservative Retirement Spending Fund

### Schedule of Investments (unaudited) as of June 30, 2025

---

| | | | |
|:---|:---|:---|:---|
| **Description** | &nbsp;&nbsp;**Shares** |  | &nbsp;&nbsp;**Value** |
| **Long-Term Investments 86.5%** | **Long-Term Investments 86.5%** | **Long-Term Investments 86.5%** | **Long-Term Investments 86.5%** |
| **Affiliated Exchange-Traded Fund 2.0%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;PGIM Active High Yield Bond ETF | &nbsp;&nbsp;&nbsp;&nbsp;PGIM Active High Yield Bond ETF | &nbsp;&nbsp;&nbsp;&nbsp;3002 | &nbsp;&nbsp; $106541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(cost $103,533)(wa) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(cost $103,533)(wa) |  |  |
| **Affiliated Mutual Funds — 81.0%** | **Affiliated Mutual Funds — 81.0%** | **Affiliated Mutual Funds — 81.0%** | **Affiliated Mutual Funds — 81.0%** |
| **Domestic Equity — 24.8%** | **Domestic Equity — 24.8%** | **Domestic Equity — 24.8%** | **Domestic Equity — 24.8%** |
| &nbsp;&nbsp;&nbsp;&nbsp;PGIM Quant Solutions Large-Cap Index Fund (Class R6) | &nbsp;&nbsp;&nbsp;&nbsp;PGIM Quant Solutions Large-Cap Index Fund (Class R6) | &nbsp;&nbsp;16017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;748486 |
| &nbsp;&nbsp;&nbsp;&nbsp;PGIM Quant Solutions Mid-Cap Index Fund (Class R6) | &nbsp;&nbsp;&nbsp;&nbsp;PGIM Quant Solutions Mid-Cap Index Fund (Class R6) | &nbsp;&nbsp;11208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106475 |
| &nbsp;&nbsp;&nbsp;&nbsp;PGIM US Real Estate Fund (Class R6) | &nbsp;&nbsp;&nbsp;&nbsp;PGIM US Real Estate Fund (Class R6) | &nbsp;&nbsp;30350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;468599 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1323560 |
| **Fixed Income — 43.4%** | **Fixed Income — 43.4%** | **Fixed Income — 43.4%** | **Fixed Income — 43.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp;PGIM Core Conservative Bond Fund (Class R6) | &nbsp;&nbsp;&nbsp;&nbsp;PGIM Core Conservative Bond Fund (Class R6) | 160608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1387650 |
| &nbsp;&nbsp;&nbsp;&nbsp;PGIM Quant Solutions Commodity Strategies Fund (Class R6) | &nbsp;&nbsp;&nbsp;&nbsp;PGIM Quant Solutions Commodity Strategies Fund (Class R6) | &nbsp;&nbsp;19184 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131984 |
| &nbsp;&nbsp;&nbsp;&nbsp;PGIM TIPS Fund (Class R6) | &nbsp;&nbsp;&nbsp;&nbsp;PGIM TIPS Fund (Class R6) | &nbsp;&nbsp;95091 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;799718 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2319352 |
| **International Equity — 12.8%** | **International Equity — 12.8%** | **International Equity — 12.8%** | **International Equity — 12.8%** |
| &nbsp;&nbsp;&nbsp;&nbsp;PGIM Jennison Global Infrastructure Fund (Class R6) | &nbsp;&nbsp;&nbsp;&nbsp;PGIM Jennison Global Infrastructure Fund (Class R6) | &nbsp;&nbsp;25852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;468701 |
| &nbsp;&nbsp;&nbsp;&nbsp;PGIM Quant Solutions International Developed Markets Index Fund (Class R6) | &nbsp;&nbsp;&nbsp;&nbsp;PGIM Quant Solutions International Developed Markets Index Fund (Class R6) | &nbsp;&nbsp;13396 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213264 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;681965 |
| **Total Affiliated Mutual Funds<br> (cost $4,059,191)(wa)** | **Total Affiliated Mutual Funds<br> (cost $4,059,191)(wa)** | **Total Affiliated Mutual Funds<br> (cost $4,059,191)(wa)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4324877 |
| **Unaffiliated Exchange-Traded Fund 3.5%** | **Unaffiliated Exchange-Traded Fund 3.5%** | **Unaffiliated Exchange-Traded Fund 3.5%** | **Unaffiliated Exchange-Traded Fund 3.5%** |
| Vanguard Long-Term Bond ETF<br> (cost $188,878) |  | &nbsp;&nbsp;&nbsp;&nbsp;2702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;187897 |
| **Total Long-Term Investments<br> (cost $4,351,602)** | **Total Long-Term Investments<br> (cost $4,351,602)** | **Total Long-Term Investments<br> (cost $4,351,602)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4619315 |
| **Short-Term Investment 13.6%** | **Short-Term Investment 13.6%** | **Short-Term Investment 13.6%** | **Short-Term Investment 13.6%** |
| **Affiliated Mutual Fund** | **Affiliated Mutual Fund** | **Affiliated Mutual Fund** | **Affiliated Mutual Fund** |
| PGIM Core Ultra Short Bond Fund<br> (cost $728,770)(wa) |  | &nbsp;&nbsp;728770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;728770 |
| **TOTAL INVESTMENTS 100.1%<br> (cost $5,080,372)** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5348085 |
| Liabilities in excess of other assets (0.1)% | Liabilities in excess of other assets (0.1)% | Liabilities in excess of other assets (0.1)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6563) |
| **Net Assets 100.0%** | **Net Assets 100.0%** | **Net Assets 100.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5341522 |

---

------

Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:

ETF—Exchange-Traded Fund <br> TIPS—Treasury Inflation-Protected Securities

(wa) Represents investments in Funds affiliated with the Manager.

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).

PGIM Conservative Retirement Spending Fund

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Prudential Investment Portfolios 12

- **b. Investment Company Act file number:** 811-08565

- **c. CIK number of Registrant:** 0001051562

- **d. LEI of Registrant:** 549300TIDSYQDWW4LP02

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 655 Broad Street

  - **City:** Newark

  - **State:** NJ

  - **Foreign country:** US

  - **Zip / Postal Code:** 07102-4077

  - **Telephone number:** 1-800-225-1852

**Item A.2. Information about the Series.**

- **a. Name of Series:** PGIM Conservative Retirement Spending Fund

- **b. EDGAR series identifier (if any):** S000084506

- **c. LEI of Series:** 529900MA0KWTA9JV5258

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $5366732.51

**Total Liabilities:** $25119.93

**Net Assets:** $5341612.58

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000248898 | 0.09%                | 1.36%                | 1.89%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $51.46                   | $-9211.19                                  |
| Month 2  | $1228.04                 | $56085.22                                  |
| Month 3  | $1137.43                 | $85890.27                                  |

### Schedule of Portfolio Investments

| Name                                                                             | Title                                                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| PGIM Core Ultra Short Bond Fund                                                  | PGIM Core Ultra Short Bond Fund                                                  | CUSIP: 000000000<br>LEI: 1VRLPVAWKZCB406TIT84 | Long             | STIV             | RF                | US        |    735765 | NS      | $735765.04    | 13.77%            |  |  |  | No            |                  1 | On Loan: No      |
| PGIM US Real Estate Fund                                                         | PGIM US Real Estate Fund                                                         | CUSIP: 744336751<br>LEI: KYH24NEFT6I8UUX8CY03 | Long             | EC               | RF                | US        |     29691 | NS      | $458421.81    | 8.58%             |  |  |  | No            |                  1 | On Loan: No      |
| PGIM Quant Solutions Commodity Strategies Fund                                   | PGIM Quant Solutions Commodity Strategies Fund                                   | CUSIP: 74440E862<br>LEI: 549300G0E8VZZUK7M158 | Long             | EC               | RF                | US        |     19354 | NS      | $133155.67    | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| PGIM Quant Solutions Large-Cap Index Fund                                        | PGIM Quant Solutions Large-Cap Index Fund                                        | CUSIP: 74441F702<br>LEI: 7W10S7UGGSFSOXSERG70 | Long             | EC               | RF                | US        |     16472 | NS      | $769740.35    | 14.41%            |  |  |  | No            |                  1 | On Loan: No      |
| PGIM TIPS Fund                                                                   | PGIM TIPS Fund                                                                   | CUSIP: 74440E870<br>LEI: 549300KCKUHW57NV1W84 | Long             | EC               | RF                | US        |     94118 | NS      | $791534.58    | 14.82%            |  |  |  | No            |                  1 | On Loan: No      |
| PGIM Active High Yield Bond ETF                                                  | PGIM Active High Yield Bond ETF                                                  | CUSIP: 69344A206<br>LEI: 549300F10UK98WW68156 | Long             | EC               | RF                | US        |      2994 | NS      | $106257.06    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Long-Term Bond ETF                                                      | Vanguard Long-Term Bond ETF                                                      | CUSIP: 921937793<br>LEI: N/A                  | Long             | EC               | RF                | US        |      2702 | NS      | $187897.08    | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Trust Company Collective Trust-Prudential Core Conservative Bond Fund | Prudential Trust Company Collective Trust-Prudential Core Conservative Bond Fund | CUSIP: 74440E888<br>LEI: 549300VQ3ICK16NFQH95 | Long             | EC               | RF                | US        |    159695 | NS      | $1379765.66   | 25.83%            |  |  |  | No            |                  1 | On Loan: No      |
| PGIM Quant Solutions Mid-Cap Index Fund                                          | PGIM Quant Solutions Mid-Cap Index Fund                                          | CUSIP: 74440E508<br>LEI: 549300TFW5O40EN5SW78 | Long             | EC               | RF                | US        |     11373 | NS      | $108041.76    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PGIM Jennison Global Infrastructure Fund                                         | PGIM Jennison Global Infrastructure Fund                                         | CUSIP: 743969560<br>LEI: 549300LZR2L6A3F0KG19 | Long             | EC               | RF                | US        |     25910 | NS      | $469749.64    | 8.79%             |  |  |  | No            |                  1 | On Loan: No      |
| PGIM Quant Solutions International Developed Markets Index Fund                  | PGIM Quant Solutions International Developed Markets Index Fund                  | CUSIP: 74440E607<br>LEI: 549300B87G4NK54FUY11 | Long             | EC               | RF                | US        |     13512 | NS      | $215112.06    | 4.03%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-27

**Name of Applicant:** Prudential Investment Portfolios 12

**Signature:** Christian J. Kelly

**Name of Signer:** Christian J. Kelly

**Title:** Chief Financial Officer