# EDGAR Filing Document

**Accession Number:** 0000793159
**File Stem:** 0001193125-25-153803
**Filing Date:** 2025-7
**Character Count:** 699556
**Document Hash:** b682bca1ad030ed8ac8f4aeecbeeee7a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-153803.hdr.sgml**: 20250701

**ACCESSION NUMBER**: 0001193125-25-153803

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 46

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250701

**DATE AS OF CHANGE**: 20250701

**EFFECTIVENESS DATE**: 20250701

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRUDENTIAL GLOBAL TOTAL RETURN FUND, INC.
- **CENTRAL INDEX KEY:** 0000793159

**ORGANIZATION NAME:**
- **EIN:** 133352347
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04661
- **FILM NUMBER:** 251094997

**BUSINESS ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102
- **BUSINESS PHONE:** (973) 367-8982

**MAIL ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DRYDEN GLOBAL TOTAL RETURN FUND INC
- **DATE OF NAME CHANGE:** 20030716

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRUDENTIAL GLOBAL TOTAL RETURN FUND INC
- **DATE OF NAME CHANGE:** 19990816

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GLOBAL TOTAL RETURN FUND INC /MD
- **DATE OF NAME CHANGE:** 19950301

## Series and Classes Contracts Data

### PGIM Global Total Return Fund (Series ID: S000004375)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000012110 | Class A      | GTRAX           |
| C000012112 | Class C      | PCTRX           |
| C000012113 | Class Z      | PZTRX           |
| C000109121 | Class R6     | PGTQX           |
| C000196748 | Class R2     | PGTOX           |
| C000196749 | Class R4     | PGTSX           |

### PGIM Global Total Return (USD Hedged) Fund (Series ID: S000059804)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000195657 | Class A      | PHEAX           |
| C000195658 | Class C      | PHECX           |
| C000195659 | Class R6     | PHEQX           |
| C000195660 | Class Z      | PHEZX           |

?xml version='1.0' encoding='ASCII'? Prudential Global Total Return Fund, Inc.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES

---

| | |
|:---|:---|
| Investment Company Act file number: | 811-04661 |
| Exact name of registrant as specified in charter: | Prudential Global Total Return Fund, Inc. |

---

---

| | |
|:---|:---|
| Address of principal executive offices: | 655 Broad Street, 6<sup>th</sup>Floor<br>Newark, New Jersey 07102 |
| Name and address of agent for service: | Andrew R. French<br>655 Broad Street, 6<sup>th</sup>Floor<br>Newark, New Jersey 07102 |
| Registrant's telephone number, including area code: | 800-225-1852 |
| Date of fiscal year end: | 10/31/2025 |
| Date of reporting period: | 4/30/2025 |

---

------

Item 1 – Reports to Stockholders

(a) Report transmitted to stockholders pursuant to Rule 30e-1 under the Act (17 CFR 270.30e-1).

------

![](g27480g1tsrbanner.jpg)

PGIM Global Total Return Fund

Class A:

GTRAX

SEMIANNUAL SHAREHOLDER REPORT – April 30, 2025

This semiannual shareholder report contains important information about the Class A shares of PGIM Global Total Return Fund (the "Fund") for

the period of November 1, 2024 to April 30, 2025.

You can find additional information about the Fund at

pgim.com/investments/mutual-funds/prospectuses-fact-sheets

. You can also request

this information by contacting us at (800) 225-1852 or (973) 367-3529 from outside the US.

WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?

(Based on a hypothetical $10,000 investment)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| PGIM Global Total Return Fund—Class A | $45 | 0.88% |

---

WHAT ARE SOME KEY FUND STATISTICS AS OF 4/30/2025?

---

| | |
|:---|:---|
| Fund's net assets | $2529262098<br>|
| Number of fund holdings | 1316 |
| Portfolio turnover rate for the period | 10% |

---

WHAT ARE SOME CHARACTERISTICS OF THE FUND'S HOLDINGS AS OF 4/30/2025?

---

| | |
|:---|:---|
| Credit Quality expressed as a percentage of total investments as of 4/30/2025 (%) | Credit Quality expressed as a percentage of total investments as of 4/30/2025 (%) |
| AAA | 17.7 |
| AA | 12.8 |
| A | 19.8 |
| BBB | 33.3 |
| BB | 8.0 |
| B | 2.5 |
| CCC | 0.6 |
| Not Rated | 4.1 |
| Cash/Cash Equivalents | 1.2 |
| Total | 100.0 |

---

Credit ratings reflect the highest rating assigned by a nationally recognized statistical rating organization (NRSRO) such as Moody's Investors Service, Inc. (Moody's), S&P Global

Ratings (S&P), or Fitch Ratings, Inc. (Fitch). Credit ratings reflect the common nomenclature used by both S&P and Fitch. Where applicable, ratings are converted to the comparable

S&P/Fitch rating tier nomenclature. The Not Rated category consists of securities that have not been rated by an NRSRO. Credit ratings are subject to change.

MF169E2A

![](g27480g1pgim_investments.jpg)

------

ADDITIONAL INFORMATION

You can find additional information at

pgim.com/investments/mutual-funds/prospectuses-fact-sheets

or by scanning the QR code below,

including the Fund's prospectus, financial information, fund holdings, and proxy voting information. You can also request this information by

contacting us at (800) 225-1852 or (973) 367-3529 from outside the US.

![](g27480g1qrcode_retailtsr.jpg)

To receive your fund documents online, go to

pgim.com/investments/resource/edelivery

and enroll.

PGIM Global Total Return Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

SHARE CLASS A <br> NASDAQ GTRAX <br> CUSIP 74439A103

MF169E2A

![](g27480g1pgim_investments.jpg)

------

![](g27480g2tsrbanner.jpg)

PGIM Global Total Return Fund

Class C:

PCTRX

SEMIANNUAL SHAREHOLDER REPORT – April 30, 2025

This semiannual shareholder report contains important information about the Class C shares of PGIM Global Total Return Fund (the "Fund") for

the period of November 1, 2024 to April 30, 2025.

You can find additional information about the Fund at

pgim.com/investments/mutual-funds/prospectuses-fact-sheets

. You can also request

this information by contacting us at (800) 225-1852 or (973) 367-3529 from outside the US.

WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?

(Based on a hypothetical $10,000 investment)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| PGIM Global Total Return Fund—Class C | $82 | 1.63% |

---

WHAT ARE SOME KEY FUND STATISTICS AS OF 4/30/2025?

---

| | |
|:---|:---|
| Fund's net assets | $2529262098<br>|
| Number of fund holdings | 1316 |
| Portfolio turnover rate for the period | 10% |

---

WHAT ARE SOME CHARACTERISTICS OF THE FUND'S HOLDINGS AS OF 4/30/2025?

---

| | |
|:---|:---|
| Credit Quality expressed as a percentage of total investments as of 4/30/2025 (%) | Credit Quality expressed as a percentage of total investments as of 4/30/2025 (%) |
| AAA | 17.7 |
| AA | 12.8 |
| A | 19.8 |
| BBB | 33.3 |
| BB | 8.0 |
| B | 2.5 |
| CCC | 0.6 |
| Not Rated | 4.1 |
| Cash/Cash Equivalents | 1.2 |
| Total | 100.0 |

---

Credit ratings reflect the highest rating assigned by a nationally recognized statistical rating organization (NRSRO) such as Moody's Investors Service, Inc. (Moody's), S&P Global

Ratings (S&P), or Fitch Ratings, Inc. (Fitch). Credit ratings reflect the common nomenclature used by both S&P and Fitch. Where applicable, ratings are converted to the comparable

S&P/Fitch rating tier nomenclature. The Not Rated category consists of securities that have not been rated by an NRSRO. Credit ratings are subject to change.

MF169E2C

![](g27480g2pgim_investments.jpg)

------

ADDITIONAL INFORMATION

You can find additional information at

pgim.com/investments/mutual-funds/prospectuses-fact-sheets

or by scanning the QR code below,

including the Fund's prospectus, financial information, fund holdings, and proxy voting information. You can also request this information by

contacting us at (800) 225-1852 or (973) 367-3529 from outside the US.

![](g27480g2qrcode_retailtsr.jpg)

To receive your fund documents online, go to

pgim.com/investments/resource/edelivery

and enroll.

PGIM Global Total Return Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

SHARE CLASS C <br> NASDAQ PCTRX <br> CUSIP 74439A301

MF169E2C

![](g27480g2pgim_investments.jpg)

------

![](g27480g3tsrbanner.jpg)

PGIM Global Total Return Fund

Class Z:

PZTRX

SEMIANNUAL SHAREHOLDER REPORT – April 30, 2025

This semiannual shareholder report contains important information about the Class Z shares of PGIM Global Total Return Fund (the "Fund") for

the period of November 1, 2024 to April 30, 2025.

You can find additional information about the Fund at

pgim.com/investments/mutual-funds/prospectuses-fact-sheets

. You can also request

this information by contacting us at (800) 225-1852 or (973) 367-3529 from outside the US.

WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?

(Based on a hypothetical $10,000 investment)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| PGIM Global Total Return Fund—Class Z | $32 | 0.63% |

---

WHAT ARE SOME KEY FUND STATISTICS AS OF 4/30/2025?

---

| | |
|:---|:---|
| Fund's net assets | $2529262098<br>|
| Number of fund holdings | 1316 |
| Portfolio turnover rate for the period | 10% |

---

WHAT ARE SOME CHARACTERISTICS OF THE FUND'S HOLDINGS AS OF 4/30/2025?

---

| | |
|:---|:---|
| Credit Quality expressed as a percentage of total investments as of 4/30/2025 (%) | Credit Quality expressed as a percentage of total investments as of 4/30/2025 (%) |
| AAA | 17.7 |
| AA | 12.8 |
| A | 19.8 |
| BBB | 33.3 |
| BB | 8.0 |
| B | 2.5 |
| CCC | 0.6 |
| Not Rated | 4.1 |
| Cash/Cash Equivalents | 1.2 |
| Total | 100.0 |

---

Credit ratings reflect the highest rating assigned by a nationally recognized statistical rating organization (NRSRO) such as Moody's Investors Service, Inc. (Moody's), S&P Global

Ratings (S&P), or Fitch Ratings, Inc. (Fitch). Credit ratings reflect the common nomenclature used by both S&P and Fitch. Where applicable, ratings are converted to the comparable

S&P/Fitch rating tier nomenclature. The Not Rated category consists of securities that have not been rated by an NRSRO. Credit ratings are subject to change.

MF169E2Z

![](g27480g3pgim_investments.jpg)

------

ADDITIONAL INFORMATION

You can find additional information at

pgim.com/investments/mutual-funds/prospectuses-fact-sheets

or by scanning the QR code below,

including the Fund's prospectus, financial information, fund holdings, and proxy voting information. You can also request this information by

contacting us at (800) 225-1852 or (973) 367-3529 from outside the US.

![](g27480g3qrcode_retailtsr.jpg)

To receive your fund documents online, go to

pgim.com/investments/resource/edelivery

and enroll.

PGIM Global Total Return Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

SHARE CLASS Z <br> NASDAQ PZTRX <br> CUSIP 74439A400

MF169E2Z

![](g27480g3pgim_investments.jpg)

------

![](g27480g4tsrbanner.jpg)

PGIM Global Total Return Fund

Class R2:

PGTOX

SEMIANNUAL SHAREHOLDER REPORT – April 30, 2025

This semiannual shareholder report contains important information about the Class R2 shares of PGIM Global Total Return Fund (the "Fund") for

the period of November 1, 2024 to April 30, 2025.

You can find additional information about the Fund at

pgim.com/investments/mutual-funds/prospectuses-fact-sheets

. You can also request

this information by contacting us at (800) 225-1852 or (973) 367-3529 from outside the US.

WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?

(Based on a hypothetical $10,000 investment)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| PGIM Global Total Return Fund—Class R2 | $55 | 1.08% |

---

WHAT ARE SOME KEY FUND STATISTICS AS OF 4/30/2025?

---

| | |
|:---|:---|
| Fund's net assets | $2529262098<br>|
| Number of fund holdings | 1316 |
| Portfolio turnover rate for the period | 10% |

---

WHAT ARE SOME CHARACTERISTICS OF THE FUND'S HOLDINGS AS OF 4/30/2025?

---

| | |
|:---|:---|
| Credit Quality expressed as a percentage of total investments as of 4/30/2025 (%) | Credit Quality expressed as a percentage of total investments as of 4/30/2025 (%) |
| AAA | 17.7 |
| AA | 12.8 |
| A | 19.8 |
| BBB | 33.3 |
| BB | 8.0 |
| B | 2.5 |
| CCC | 0.6 |
| Not Rated | 4.1 |
| Cash/Cash Equivalents | 1.2 |
| Total | 100.0 |

---

Credit ratings reflect the highest rating assigned by a nationally recognized statistical rating organization (NRSRO) such as Moody's Investors Service, Inc. (Moody's), S&P Global

Ratings (S&P), or Fitch Ratings, Inc. (Fitch). Credit ratings reflect the common nomenclature used by both S&P and Fitch. Where applicable, ratings are converted to the comparable

S&P/Fitch rating tier nomenclature. The Not Rated category consists of securities that have not been rated by an NRSRO. Credit ratings are subject to change.

MF169E2R2

![](g27480g4pgim_investments.jpg)

------

ADDITIONAL INFORMATION

You can find additional information at

pgim.com/investments/mutual-funds/prospectuses-fact-sheets

or by scanning the QR code below,

including the Fund's prospectus, financial information, fund holdings, and proxy voting information. You can also request this information by

contacting us at (800) 225-1852 or (973) 367-3529 from outside the US.

![](g27480g4qrcode_retailtsr.jpg)

To receive your fund documents online, go to

pgim.com/investments/resource/edelivery

and enroll.

PGIM Global Total Return Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

SHARE CLASS R2 <br> NASDAQ PGTOX <br> CUSIP 74439A863

MF169E2R2

![](g27480g4pgim_investments.jpg)

------

![](g27480g5tsrbanner.jpg)

PGIM Global Total Return Fund

Class R4:

PGTSX

SEMIANNUAL SHAREHOLDER REPORT – April 30, 2025

This semiannual shareholder report contains important information about the Class R4 shares of PGIM Global Total Return Fund (the "Fund") for

the period of November 1, 2024 to April 30, 2025.

You can find additional information about the Fund at

pgim.com/investments/mutual-funds/prospectuses-fact-sheets

. You can also request

this information by contacting us at (800) 225-1852 or (973) 367-3529 from outside the US.

WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?

(Based on a hypothetical $10,000 investment)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| PGIM Global Total Return Fund—Class R4 | $42 | 0.83% |

---

WHAT ARE SOME KEY FUND STATISTICS AS OF 4/30/2025?

---

| | |
|:---|:---|
| Fund's net assets | $2529262098<br>|
| Number of fund holdings | 1316 |
| Portfolio turnover rate for the period | 10% |

---

WHAT ARE SOME CHARACTERISTICS OF THE FUND'S HOLDINGS AS OF 4/30/2025?

---

| | |
|:---|:---|
| Credit Quality expressed as a percentage of total investments as of 4/30/2025 (%) | Credit Quality expressed as a percentage of total investments as of 4/30/2025 (%) |
| AAA | 17.7 |
| AA | 12.8 |
| A | 19.8 |
| BBB | 33.3 |
| BB | 8.0 |
| B | 2.5 |
| CCC | 0.6 |
| Not Rated | 4.1 |
| Cash/Cash Equivalents | 1.2 |
| Total | 100.0 |

---

Credit ratings reflect the highest rating assigned by a nationally recognized statistical rating organization (NRSRO) such as Moody's Investors Service, Inc. (Moody's), S&P Global

Ratings (S&P), or Fitch Ratings, Inc. (Fitch). Credit ratings reflect the common nomenclature used by both S&P and Fitch. Where applicable, ratings are converted to the comparable

S&P/Fitch rating tier nomenclature. The Not Rated category consists of securities that have not been rated by an NRSRO. Credit ratings are subject to change.

MF169E2R4

![](g27480g5pgim_investments.jpg)

------

ADDITIONAL INFORMATION

You can find additional information at

pgim.com/investments/mutual-funds/prospectuses-fact-sheets

or by scanning the QR code below,

including the Fund's prospectus, financial information, fund holdings, and proxy voting information. You can also request this information by

contacting us at (800) 225-1852 or (973) 367-3529 from outside the US.

![](g27480g5qrcode_retailtsr.jpg)

To receive your fund documents online, go to

pgim.com/investments/resource/edelivery

and enroll.

PGIM Global Total Return Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

SHARE CLASS R4 <br> NASDAQ PGTSX <br> CUSIP 74439A855

MF169E2R4

![](g27480g5pgim_investments.jpg)

------

![](g27480g6tsrbanner.jpg)

PGIM Global Total Return Fund

Class R6:

PGTQX

SEMIANNUAL SHAREHOLDER REPORT – April 30, 2025

This semiannual shareholder report contains important information about the Class R6 shares of PGIM Global Total Return Fund (the "Fund") for

the period of November 1, 2024 to April 30, 2025.

You can find additional information about the Fund at

pgim.com/investments/mutual-funds/prospectuses-fact-sheets

. You can also request

this information by contacting us at (800) 225-1852 or (973) 367-3529 from outside the US.

WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?

(Based on a hypothetical $10,000 investment)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| PGIM Global Total Return Fund—Class R6 | $27 | 0.53% |

---

WHAT ARE SOME KEY FUND STATISTICS AS OF 4/30/2025?

---

| | |
|:---|:---|
| Fund's net assets | $2529262098<br>|
| Number of fund holdings | 1316 |
| Portfolio turnover rate for the period | 10% |

---

WHAT ARE SOME CHARACTERISTICS OF THE FUND'S HOLDINGS AS OF 4/30/2025?

---

| | |
|:---|:---|
| Credit Quality expressed as a percentage of total investments as of 4/30/2025 (%) | Credit Quality expressed as a percentage of total investments as of 4/30/2025 (%) |
| AAA | 17.7 |
| AA | 12.8 |
| A | 19.8 |
| BBB | 33.3 |
| BB | 8.0 |
| B | 2.5 |
| CCC | 0.6 |
| Not Rated | 4.1 |
| Cash/Cash Equivalents | 1.2 |
| Total | 100.0 |

---

Credit ratings reflect the highest rating assigned by a nationally recognized statistical rating organization (NRSRO) such as Moody's Investors Service, Inc. (Moody's), S&P Global

Ratings (S&P), or Fitch Ratings, Inc. (Fitch). Credit ratings reflect the common nomenclature used by both S&P and Fitch. Where applicable, ratings are converted to the comparable

S&P/Fitch rating tier nomenclature. The Not Rated category consists of securities that have not been rated by an NRSRO. Credit ratings are subject to change.

MF169E2R6

![](g27480g6pgim_investments.jpg)

------

ADDITIONAL INFORMATION

You can find additional information at

pgim.com/investments/mutual-funds/prospectuses-fact-sheets

or by scanning the QR code below,

including the Fund's prospectus, financial information, fund holdings, and proxy voting information. You can also request this information by

contacting us at (800) 225-1852 or (973) 367-3529 from outside the US.

![](g27480g6qrcode_retailtsr.jpg)

To receive your fund documents online, go to

pgim.com/investments/resource/edelivery

and enroll.

PGIM Global Total Return Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

SHARE CLASS R6 <br> NASDAQ PGTQX <br> CUSIP 74439A509

MF169E2R6

![](g27480g6pgim_investments.jpg)

------

![](g27480g7tsrbanner.jpg)

PGIM Global Total Return (USD Hedged) Fund

Class A:

PHEAX

SEMIANNUAL SHAREHOLDER REPORT – April 30, 2025

This semiannual shareholder report contains important information about the Class A shares of PGIM Global Total Return (USD Hedged) Fund

(the "Fund") for the period of November 1, 2024 to April 30, 2025.

You can find additional information about the Fund at

pgim.com/investments/mutual-funds/prospectuses-fact-sheets

. You can also request

this information by contacting us at (800) 225-1852 or (973) 367-3529 from outside the US.

WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?

(Based on a hypothetical $10,000 investment)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| &nbsp;&nbsp;PGIM Global Total Return (USD Hedged) Fund—<br>Class A<br>| $44 | 0.88% |

---

WHAT ARE SOME KEY FUND STATISTICS AS OF 4/30/2025?

---

| | |
|:---|:---|
| Fund's net assets | $53206030<br>|
| Number of fund holdings | 627 |
| Portfolio turnover rate for the period | 12% |

---

WHAT ARE SOME CHARACTERISTICS OF THE FUND'S HOLDINGS AS OF 4/30/2025?

---

| | |
|:---|:---|
| Credit Quality expressed as a percentage of total investments as of 4/30/2025 (%) | Credit Quality expressed as a percentage of total investments as of 4/30/2025 (%) |
| AAA | 33.1 |
| AA | 8.3 |
| A | 14.2 |
| BBB | 30.2 |
| BB | 5.6 |
| B | 2.0 |
| CCC | 0.4 |
| Not Rated | 4.7 |
| Cash/Cash Equivalents | 1.5 |
| Total | 100.0 |

---

Credit ratings reflect the highest rating assigned by a nationally recognized statistical rating organization (NRSRO) such as Moody's Investors Service, Inc. (Moody's), S&P Global

Ratings (S&P), or Fitch Ratings, Inc. (Fitch). Credit ratings reflect the common nomenclature used by both S&P and Fitch. Where applicable, ratings are converted to the comparable

S&P/Fitch rating tier nomenclature. The Not Rated category consists of securities that have not been rated by an NRSRO. Credit ratings are subject to change.

MF238E2A

![](g27480g7pgim_investments.jpg)

------

ADDITIONAL INFORMATION

You can find additional information at

pgim.com/investments/mutual-funds/prospectuses-fact-sheets

or by scanning the QR code below,

including the Fund's prospectus, financial information, fund holdings, and proxy voting information. You can also request this information by

contacting us at (800) 225-1852 or (973) 367-3529 from outside the US.

![](g27480g7qrcode_retailtsr.jpg)

To receive your fund documents online, go to

pgim.com/investments/resource/edelivery

and enroll.

PGIM Global Total Return (USD Hedged) Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

SHARE CLASS A <br> NASDAQ PHEAX <br> CUSIP 74439A707

MF238E2A

![](g27480g7pgim_investments.jpg)

------

![](g27480g8tsrbanner.jpg)

PGIM Global Total Return (USD Hedged) Fund

Class C:

PHECX

SEMIANNUAL SHAREHOLDER REPORT – April 30, 2025

This semiannual shareholder report contains important information about the Class C shares of PGIM Global Total Return (USD Hedged) Fund

(the "Fund") for the period of November 1, 2024 to April 30, 2025.

You can find additional information about the Fund at

pgim.com/investments/mutual-funds/prospectuses-fact-sheets

. You can also request

this information by contacting us at (800) 225-1852 or (973) 367-3529 from outside the US.

WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?

(Based on a hypothetical $10,000 investment)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| &nbsp;&nbsp;PGIM Global Total Return (USD Hedged) Fund—<br>Class C<br>| $82 | 1.63% |

---

WHAT ARE SOME KEY FUND STATISTICS AS OF 4/30/2025?

---

| | |
|:---|:---|
| Fund's net assets | $53206030<br>|
| Number of fund holdings | 627 |
| Portfolio turnover rate for the period | 12% |

---

WHAT ARE SOME CHARACTERISTICS OF THE FUND'S HOLDINGS AS OF 4/30/2025?

---

| | |
|:---|:---|
| Credit Quality expressed as a percentage of total investments as of 4/30/2025 (%) | Credit Quality expressed as a percentage of total investments as of 4/30/2025 (%) |
| AAA | 33.1 |
| AA | 8.3 |
| A | 14.2 |
| BBB | 30.2 |
| BB | 5.6 |
| B | 2.0 |
| CCC | 0.4 |
| Not Rated | 4.7 |
| Cash/Cash Equivalents | 1.5 |
| Total | 100.0 |

---

Credit ratings reflect the highest rating assigned by a nationally recognized statistical rating organization (NRSRO) such as Moody's Investors Service, Inc. (Moody's), S&P Global

Ratings (S&P), or Fitch Ratings, Inc. (Fitch). Credit ratings reflect the common nomenclature used by both S&P and Fitch. Where applicable, ratings are converted to the comparable

S&P/Fitch rating tier nomenclature. The Not Rated category consists of securities that have not been rated by an NRSRO. Credit ratings are subject to change.

MF238E2C

![](g27480g8pgim_investments.jpg)

------

ADDITIONAL INFORMATION

You can find additional information at

pgim.com/investments/mutual-funds/prospectuses-fact-sheets

or by scanning the QR code below,

including the Fund's prospectus, financial information, fund holdings, and proxy voting information. You can also request this information by

contacting us at (800) 225-1852 or (973) 367-3529 from outside the US.

![](g27480g8qrcode_retailtsr.jpg)

To receive your fund documents online, go to

pgim.com/investments/resource/edelivery

and enroll.

PGIM Global Total Return (USD Hedged) Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

SHARE CLASS C <br> NASDAQ PHECX <br> CUSIP 74439A806

MF238E2C

![](g27480g8pgim_investments.jpg)

------

![](g27480g9tsrbanner.jpg)

PGIM Global Total Return (USD Hedged) Fund

Class Z:

PHEZX

SEMIANNUAL SHAREHOLDER REPORT – April 30, 2025

This semiannual shareholder report contains important information about the Class Z shares of PGIM Global Total Return (USD Hedged) Fund

(the "Fund") for the period of November 1, 2024 to April 30, 2025.

You can find additional information about the Fund at

pgim.com/investments/mutual-funds/prospectuses-fact-sheets

. You can also request

this information by contacting us at (800) 225-1852 or (973) 367-3529 from outside the US.

WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?

(Based on a hypothetical $10,000 investment)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| &nbsp;&nbsp;PGIM Global Total Return (USD Hedged) Fund—<br>Class Z<br>| $32 | 0.63% |

---

WHAT ARE SOME KEY FUND STATISTICS AS OF 4/30/2025?

---

| | |
|:---|:---|
| Fund's net assets | $53206030<br>|
| Number of fund holdings | 627 |
| Portfolio turnover rate for the period | 12% |

---

WHAT ARE SOME CHARACTERISTICS OF THE FUND'S HOLDINGS AS OF 4/30/2025?

---

| | |
|:---|:---|
| Credit Quality expressed as a percentage of total investments as of 4/30/2025 (%) | Credit Quality expressed as a percentage of total investments as of 4/30/2025 (%) |
| AAA | 33.1 |
| AA | 8.3 |
| A | 14.2 |
| BBB | 30.2 |
| BB | 5.6 |
| B | 2.0 |
| CCC | 0.4 |
| Not Rated | 4.7 |
| Cash/Cash Equivalents | 1.5 |
| Total | 100.0 |

---

Credit ratings reflect the highest rating assigned by a nationally recognized statistical rating organization (NRSRO) such as Moody's Investors Service, Inc. (Moody's), S&P Global

Ratings (S&P), or Fitch Ratings, Inc. (Fitch). Credit ratings reflect the common nomenclature used by both S&P and Fitch. Where applicable, ratings are converted to the comparable

S&P/Fitch rating tier nomenclature. The Not Rated category consists of securities that have not been rated by an NRSRO. Credit ratings are subject to change.

MF238E2Z

![](g27480g9pgim_investments.jpg)

------

ADDITIONAL INFORMATION

You can find additional information at

pgim.com/investments/mutual-funds/prospectuses-fact-sheets

or by scanning the QR code below,

including the Fund's prospectus, financial information, fund holdings, and proxy voting information. You can also request this information by

contacting us at (800) 225-1852 or (973) 367-3529 from outside the US.

![](g27480g9qrcode_retailtsr.jpg)

To receive your fund documents online, go to

pgim.com/investments/resource/edelivery

and enroll.

PGIM Global Total Return (USD Hedged) Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

SHARE CLASS Z <br> NASDAQ PHEZX <br> CUSIP 74439A871

MF238E2Z

![](g27480g9pgim_investments.jpg)

------

![](g27480g10tsrbanner.jpg)

PGIM Global Total Return (USD Hedged) Fund

Class R6:

PHEQX

SEMIANNUAL SHAREHOLDER REPORT – April 30, 2025

This semiannual shareholder report contains important information about the Class R6 shares of PGIM Global Total Return (USD Hedged) Fund

(the "Fund") for the period of November 1, 2024 to April 30, 2025.

You can find additional information about the Fund at

pgim.com/investments/mutual-funds/prospectuses-fact-sheets

. You can also request

this information by contacting us at (800) 225-1852 or (973) 367-3529 from outside the US.

WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?

(Based on a hypothetical $10,000 investment)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| &nbsp;&nbsp;PGIM Global Total Return (USD Hedged) Fund—<br>Class R6<br>| $29 | 0.58% |

---

WHAT ARE SOME KEY FUND STATISTICS AS OF 4/30/2025?

---

| | |
|:---|:---|
| Fund's net assets | $53206030<br>|
| Number of fund holdings | 627 |
| Portfolio turnover rate for the period | 12% |

---

WHAT ARE SOME CHARACTERISTICS OF THE FUND'S HOLDINGS AS OF 4/30/2025?

---

| | |
|:---|:---|
| Credit Quality expressed as a percentage of total investments as of 4/30/2025 (%) | Credit Quality expressed as a percentage of total investments as of 4/30/2025 (%) |
| AAA | 33.1 |
| AA | 8.3 |
| A | 14.2 |
| BBB | 30.2 |
| BB | 5.6 |
| B | 2.0 |
| CCC | 0.4 |
| Not Rated | 4.7 |
| Cash/Cash Equivalents | 1.5 |
| Total | 100.0 |

---

Credit ratings reflect the highest rating assigned by a nationally recognized statistical rating organization (NRSRO) such as Moody's Investors Service, Inc. (Moody's), S&P Global

Ratings (S&P), or Fitch Ratings, Inc. (Fitch). Credit ratings reflect the common nomenclature used by both S&P and Fitch. Where applicable, ratings are converted to the comparable

S&P/Fitch rating tier nomenclature. The Not Rated category consists of securities that have not been rated by an NRSRO. Credit ratings are subject to change.

MF238E2R6

![](g27480g10pgim_investments.jpg)

------

ADDITIONAL INFORMATION

You can find additional information at

pgim.com/investments/mutual-funds/prospectuses-fact-sheets

or by scanning the QR code below,

including the Fund's prospectus, financial information, fund holdings, and proxy voting information. You can also request this information by

contacting us at (800) 225-1852 or (973) 367-3529 from outside the US.

![](g27480g10qrcode_retailtsr.jpg)

To receive your fund documents online, go to

pgim.com/investments/resource/edelivery

and enroll.

PGIM Global Total Return (USD Hedged) Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

SHARE CLASS R6 <br> NASDAQ PHEQX <br> CUSIP 74439A889

MF238E2R6

![](g27480g10pgim_investments.jpg)

------

(b) Copy of each notice transmitted to stockholders in reliance on Rule 30e-3 under the Act (17 CFR 270.30e-3) that contains disclosures specified by paragraph (c)(3) of that rule – Not applicable.

Item 2 – Code of Ethics – Not required, as this is not an annual filing.

Item 3 – Audit Committee Financial Expert – Not required, as this is not an annual filing.

Item 4 – Principal Accountant Fees and Services – Not required, as this is not an annual filing.

Item 5 – Audit Committee of Listed Registrants – Not applicable.

Item 6 – Investments – The registrant's Schedule of Investments is included in the financial statements filed under Item 7 of this Form.

Items 7 – 11 (Refer to Report(s) below)

------

![LOGO](g27480sp002.jpg)

## PRUDENTIAL GLOBAL TOTAL RETURN FUND, INC.
PGIM Global Total Return Fund

PGIM Global Total Return (USD Hedged) Fund

#### FINANCIAL STATEMENTS AND OTHER INFORMATION

#### APRIL 30, 2025
![LOGO](g27480gp001.jpg)

------

<u> **Table of Contents** </u>   <u> Financial Statements and Other Information </u>   <u> April 30, 2025 </u>

**Form N-CSR Item 7** - Financial Statements and Financial Highlights for Open-End Management Investment Companies.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Glossary](#edgar27480_1) | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [PGIM Global Total Return Fund](#edgar27480_2) | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [PGIM Global Total Return (USD Hedged) Fund](#edgar27480_3) | 114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Notes to Financial Statements](#edgar27480_4) | 172 |

---

[**Other Information -** Form N-CSR Items 8-11](#edgar27480_5)

------

#### Glossary
The following abbreviations are used in the Funds' descriptions:

AUD—Australian Dollar

BRL—Brazilian Real

CAD—Canadian Dollar

CHF—Swiss Franc

CLP—Chilean Peso

CNH—Chinese Renminbi

CNY—China Yuan

COP—Colombian Peso

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

TRY—Turkish Lira

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

AID—Agency for International Development

BARC—Barclays Bank PLC

BBR—New Zealand Bank Bill Rate

BBSW—Australian Bank Bill Swap Reference Rate

BIST—Borsa Istanbul Index (Turkish Stock Exchange)

BNP—BNP Paribas S.A.

BNY—Bank of New York Mellon

BOA—Bank of America, N.A.

BROIS—Brazil Overnight Index Swap

BUBOR—Budapest Interbank Offered Rate

CAC—French Stock Market Index

CDX—Credit Derivative Index

CF—CF Secured, LLC

CIBOR—Copenhagen Interbank Offered Rate

CITI—Citibank, N.A.

CLO—Collateralized Loan Obligation

CLOIS—Sinacofi Chile Interbank Rate Average

CMBX—Commercial Mortgage-Backed Index

CME—Chicago Mercantile Exchange

CORRA—Canadian Overnight Repo Rate Average

DAC—Designated Activity Company

DB—Deutsche Bank AG

EMTN—Euro Medium Term Note

ETF—Exchange-Traded Fund

EURIBOR—Euro Interbank Offered Rate

EuroSTR—Euro Short-Term Rate

FHLMC—Federal Home Loan Mortgage Corporation

GMTN—Global Medium Term Note

GS—Goldman Sachs & Co. LLC

GSI—Goldman Sachs International

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.

JPS—J.P. Morgan Securities LLC

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

N/A—Not Applicable

NIBOR—Norwegian Interbank Offered Rate

OAT—Obligations Assimilables du Tresor

OTC—Over-the-counter

PIK—Payment-in-Kind

PJSC—Public Joint-Stock Company

PRIBOR—Prague Interbank Offered Rate

Q—Quarterly payment frequency for swaps

REMIC—Real Estate Mortgage Investment Conduit

S—Semiannual payment frequency for swaps

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

USOIS—United States Overnight Index Swap

WIBOR—Warsaw Interbank Offered Rate

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity** <br> **Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **LONG-TERM INVESTMENTS 98.4%** |  |  |  |  |  |
| &nbsp;&nbsp; **ASSET-BACKED SECURITIES 9.5%** |  |  |  |  |  |
| &nbsp;&nbsp; **Canada 0.2%** |  |  |  |  |  |
| &nbsp;&nbsp; Evergreen Credit Card Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-CRT04, Class C, 144A | 5.640% | 10/15/28 |  | 5600 | $5630886 |
| &nbsp;&nbsp; Fairstone Financial Issuance Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-01A, Class A, 144A | 2.509 | 10/20/39 | CAD | 1 | 1004 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5631890 |
| &nbsp;&nbsp; **Cayman Islands 1.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Battalion CLO Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-08A, Class A1R2, 144A, 3 Month SOFR + 1.332% (Cap N/A, Floor 1.070%) | 5.601(c) | 07/18/30 |  | 1166 | 1165563 |
| &nbsp;&nbsp; Carlyle CLO Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series C17A, Class A1AR, 144A, 3 Month SOFR + 1.292% (Cap N/A, Floor 0.000%) | 5.571(c) | 04/30/31 |  | 3466 | 3466064 |
| &nbsp;&nbsp; Mountain View CLO Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-09A, Class A2R, 144A, 3 Month SOFR + 2.042% (Cap N/A, Floor 0.000%) | 6.298(c) | 07/15/31 |  | 5750 | 5750001 |
| &nbsp;&nbsp; OZLM Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-20A, Class A1, 144A, 3 Month SOFR + 1.312% (Cap N/A, Floor 1.050%) | 5.581(c) | 04/20/31 |  | 560 | 560279 |
| &nbsp;&nbsp; Shackleton CLO Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2014-05RA, Class A, 144A, 3 Month SOFR + 1.362% (Cap N/A, Floor 0.262%) | 5.664(c) | 05/07/31 |  | 1820 | 1820015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2014-05RA, Class B, 144A, 3 Month SOFR + 1.962% (Cap N/A, Floor 0.262%) | 6.264(c) | 05/07/31 |  | 6500 | 6510400 |
| &nbsp;&nbsp; Voya CLO Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2013-02A, Class A1R, 144A, 3 Month SOFR + 1.232% (Cap N/A, Floor 0.970%) | 5.513(c) | 04/25/31 |  | 1053 | 1053556 |
| &nbsp;&nbsp; Zais CLO Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-03A, Class A2R, 144A, 3 Month SOFR + 2.452% (Cap N/A, Floor 0.000%) | 6.708(c) | 07/15/31 |  | 8500 | 8510201 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28836079 |
| &nbsp;&nbsp; **Ireland 6.0%** |  |  |  |  |  |
| &nbsp;&nbsp; Anchorage Capital Europe CLO DAC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 04A, Class A, 144A, 3 Month EURIBOR + 0.870% (Cap N/A, Floor 0.870%) | 3.028(c) | 04/25/34 | EUR | 4000 | 4518646 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 4 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **ASSET-BACKED SECURITIES (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **Ireland (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; BNPP AM Euro CLO DAC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-01A, Class AR, 144A, 3 Month EURIBOR + 0.600% (Cap N/A, Floor 0.600%) | 2.879%(c) | 04/15/31 | EUR | 9984 | $11259447 |
| &nbsp;&nbsp; Capital Four CLO DAC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 02A, Class A, 144A, 3 Month EURIBOR + 1.050% (Cap N/A, Floor 1.050%) | 3.329(c) | 01/15/34 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23000 | 26031788 |
| &nbsp;&nbsp; Carlyle Euro CLO DAC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-01A, Class A1R, 144A, 3 Month EURIBOR + 0.750% (Cap N/A, Floor 0.750%) | 3.251(c) | 03/15/32 | EUR | 18108 | 20430160 |
| &nbsp;&nbsp; CIFC European Funding CLO DAC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 03A, Class A, 144A, 3 Month EURIBOR + 1.050% (Cap N/A, Floor 1.050%) | 3.329(c) | 01/15/34 | EUR | 15000 | 16925178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 03A, Class B2, 144A | 2.000 | 01/15/34 | EUR | 11500 | 12325174 |
| &nbsp;&nbsp; Henley CLO DAC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 04A, Class A, 144A, 3 Month EURIBOR + 0.900% (Cap N/A, Floor 0.900%) | 3.058(c) | 04/25/34 | EUR | 5000 | 5623044 |
| &nbsp;&nbsp; Invesco Euro CLO DAC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 01A, Class A2R, 144A | 0.800 | 07/15/31 | EUR | 22210 | 24282220 |
| &nbsp;&nbsp; Palmer Square European CLO DAC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-01A, Class A, 144A, 3 Month EURIBOR + 1.250% (Cap N/A, Floor 1.250%) | 3.803(c) | 10/15/39 | EUR | 13000 | 14603549 |
| &nbsp;&nbsp; Penta CLO DAC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-03A, Class A1R, 144A, 3 Month EURIBOR + 1.250% (Cap N/A, Floor 1.250%) | 3.513(c) | 10/17/38 | EUR | 13000 | 14609131 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150608337 |
| &nbsp;&nbsp; **Spain 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp; LSF11 Boson Investments Sarl Compartment 2, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-NPLA, Class A1, 144A, 3 Month EURIBOR + 2.000% (Cap N/A, Floor 0.000%) | 4.521(c) | 11/25/60 | EUR | 257 | 281344 |
| &nbsp;&nbsp; TFS, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-03, Class A1^ | 0.000(s) | 04/16/40 | EUR | —(r) | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-03, Class A1, 1 Month EURIBOR + 3.250%^ | 5.632(c) | 03/15/26 | EUR | 2136 | 1802201 |
|  |  |  |  |  | 2083546 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 5 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **ASSET-BACKED SECURITIES (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **United Kingdom 0.5%** |  |  |  |  |  |
| &nbsp;&nbsp; Apidos CLO Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-44A, Class A1R, 144A, 3 Month SOFR + 1.360% (Cap N/A, Floor 1.360%) | 5.643%(c) | 10/26/37 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000 | $10000000 |
| &nbsp;&nbsp; NewDay Funding, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-01A, Class B, 144A, SONIA + 1.650% (Cap N/A, Floor 0.000%) | 6.116(c) | 03/15/32 | GBP | 2600 | 3469784 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13469784 |
| &nbsp;&nbsp; **United States 1.6%** |  |  |  |  |  |
| &nbsp;&nbsp; Ally Bank Auto Credit-Linked Notes, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-B, Class E, 144A | 6.678 | 09/15/32 |  | 3222 | 3222918 |
| &nbsp;&nbsp; Ameriquest Mortgage Securities, Inc., Asset-Backed Pass-Through Certificates, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2002-02, Class M3, 1 Month SOFR + 2.769% (Cap N/A, Floor 2.655%) | 4.503(c) | 08/25/32 |  | 89 | 88110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2002-03, Class M3, 1 Month SOFR + 2.964% (Cap N/A, Floor 2.850%) | 7.291(c) | 08/25/32 |  | 59 | 61414 |
| &nbsp;&nbsp; Bayview Opportunity Master Fund VII Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-CAR1F, Class A, 144A | 6.971 | 07/29/32 |  | 945 | 944341 |
| &nbsp;&nbsp; Chase Funding Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2003-04, Class 2A2, 1 Month SOFR + 0.714% (Cap N/A, Floor 0.600%) | 5.041(c) | 05/25/33 |  | 280 | 274298 |
| &nbsp;&nbsp; EquiFirst Mortgage Loan Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2004-01, Class 1A1, 1 Month SOFR + 0.594% (Cap N/A, Floor 0.480%) | 4.921(c) | 01/25/34 |  | 323 | 312011 |
| &nbsp;&nbsp; Ford Credit Auto Owner Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-02, Class C, 144A | 1.740 | 04/15/33 |  | 1300 | 1278763 |
| &nbsp;&nbsp; GreenSky Home Improvement Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-01, Class A4, 144A | 5.670 | 06/25/59 |  | 186 | 188426 |
| &nbsp;&nbsp; Huntington Bank Auto Credit-Linked Notes, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-02, Class C, 144A, 30 Day Average SOFR + 2.600% (Cap N/A, Floor 0.000%) | 6.950(c) | 10/20/32 |  | 2519 | 2510966 |
| &nbsp;&nbsp; JPMorgan Chase Bank NA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-01, Class R, 144A | 33.784 | 01/25/28 |  | 132 | 133808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-02, Class R, 144A | 31.355 | 02/25/28 |  | 102 | 102693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-01, Class R, 144A | 28.348 | 09/25/28 |  | 1036 | 1083374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-03, Class F, 144A | 3.694 | 02/26/29 |  | 600 | 599297 |
| &nbsp;&nbsp; Laurel Road Prime Student Loan Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-A, Class A, 144A | 0.000 | 02/25/43 |  | 3430 | 516292 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 6 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **ASSET-BACKED SECURITIES (Continued)** |  |  |  |  |
| &nbsp;&nbsp; **United States (cont'd.)** |  |  |  |  |
| &nbsp;&nbsp; Laurel Road Prime Student Loan Trust, (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-C, Class A, 144A | 0.000%(cc) | 08/25/43 | 511 | $490713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-A, Class R, 144A | 0.000 | 10/25/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1284 | 393624 |
| &nbsp;&nbsp; Lending Funding Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-02A, Class A, 144A | 2.320 | 04/21/31 | 1100 | 1067085 |
| &nbsp;&nbsp; MASTR Asset-Backed Securities Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2004-WMC02, Class M1, 1 Month SOFR + 1.014% (Cap N/A, Floor 0.900%) | 5.341(c) | 04/25/34 | 602 | 587025 |
| &nbsp;&nbsp; Morgan Stanley Dean Witter Capital I, Inc. Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2002-AM03, Class A3, 1 Month SOFR + 1.094% (Cap N/A, Floor 0.980%) | 5.421(c) | 02/25/33 | 33 | 32606 |
| &nbsp;&nbsp; OneMain Direct Auto Receivables Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-01A, Class B, 144A | 3.950 | 11/14/28 | 1300 | 1290354 |
| &nbsp;&nbsp; OneMain Financial Issuance Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-02A, Class C, 144A | 6.740 | 09/15/36 | 1300 | 1347146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-02A, Class D, 144A | 7.520 | 09/15/36 | 3700 | 3837419 |
| &nbsp;&nbsp; RCKT Mortgage Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-CES01, Class A1A, 144A | 6.025(cc) | 02/25/44 | 1395 | 1402206 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-CES06, Class A1A, 144A | 5.344(cc) | 09/25/44 | 5774 | 5773489 |
| &nbsp;&nbsp; Santander Bank Auto Credit-Linked Notes, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-A, Class C, 144A | 7.375 | 05/15/32 | 37 | 36681 |
| &nbsp;&nbsp; Santander Bank NA, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-01A, Class D, 144A | 5.004 | 12/15/31 | 8 | 8428 |
| &nbsp;&nbsp; Santander Consumer Auto Receivables Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-AA, Class D, 144A | 1.570 | 01/15/27 | 850 | 838596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-AA, Class R, 144A | 0.000 | 08/15/28 | 6 | 346071 |
| &nbsp;&nbsp; Santander Drive Auto Receivables Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-06, Class C | 6.400 | 03/17/31 | 500 | 517942 |
| &nbsp;&nbsp; Sunrun Vesta Issuer LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-03A, Class A1, 144A | 5.490 | 10/30/59 | 927 | 901613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-03A, Class A2, 144A | 5.880 | 10/30/59 | 3787 | 3590954 |
| &nbsp;&nbsp; Towd Point Mortgage Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-CES01, Class A1A, 144A | 5.848(cc) | 01/25/64 | 588 | 590272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-CES02, Class A1A, 144A | 6.125(cc) | 02/25/64 | 437 | 440776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-CES05, Class A1, 144A | 5.167(cc) | 09/25/64 | 5343 | 5340513 |
|  |  |  |  | 40150224 |
| &nbsp;&nbsp; **TOTAL ASSET-BACKED SECURITIES**<br> (cost $249,585,515) |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240779860 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 7 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED SECURITIES 3.9%** |  |  |  |  |  |
| &nbsp;&nbsp; **Canada 0.2%** |  |  |  |  |  |
| &nbsp;&nbsp; BX Commercial Mortgage Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-PURE, Class A, 144A, CORRA + 1.900% (Cap N/A, Floor 1.900%) | 4.666%(c) | 11/15/41 | CAD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7100 | $5175476 |
| &nbsp;&nbsp; Real Estate Asset Liquidity Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-01A, Class A1, 144A | 2.381(cc) | 02/12/55 | CAD | 1196 | 840969 |
|  |  |  |  |  | 6016445 |
| &nbsp;&nbsp; **Cayman Islands 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp; BXMT Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-FL05, Class A, 144A, 1 Month SOFR + 1.639% (Cap N/A, Floor 1.639%) | 5.959(c) | 10/18/42 |  | 2600 | 2569802 |
| &nbsp;&nbsp; **United Kingdom 0.5%** |  |  |  |  |  |
| &nbsp;&nbsp; Taurus DAC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-UK01A, Class D, 144A, SONIA + 2.600% (Cap N/A, Floor 2.600%) | 7.081(c) | 05/17/31 | GBP | 546 | 723436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-UK04A, Class C, 144A, SONIA + 1.750% (Cap N/A, Floor 1.750%) | 6.231(c) | 08/17/31 | GBP | 5126 | 6832413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-UK04A, Class D, 144A, SONIA + 2.100% (Cap N/A, Floor 2.100%) | 6.581(c) | 08/17/31 | GBP | 4636 | 6116223 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13672072 |
| &nbsp;&nbsp; **United States 3.1%** |  |  |  |  |  |
| &nbsp;&nbsp; 20 Times Square Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-20TS, Class G, 144A(x) | 3.203(cc) | 05/15/35 |  | 1000 | 785000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-20TS, Class H, 144A(x) | 3.203(cc) | 05/15/35 |  | 1000 | 735000 |
| &nbsp;&nbsp; Benchmark Mortgage Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-B17, Class A4 | 2.042 | 03/15/53 |  | 6200 | 5431312 |
| &nbsp;&nbsp; CF Mortgage Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-P01, Class A1, 144A | 2.840(cc) | 04/15/52 |  | 9128 | 9099751 |
| &nbsp;&nbsp; Citigroup Commercial Mortgage Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2014-GC21, Class XB, IO | 0.136(cc) | 05/10/47 |  | 7784 | 78 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-GC37, Class XB, IO | 0.842(cc) | 04/10/49 |  | 33868 | 129166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-P04, Class XB, IO | 1.466(cc) | 07/10/49 |  | 9100 | 113539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-P08, Class A2 | 3.109 | 09/15/50 |  | 1749 | 1707433 |
| &nbsp;&nbsp; Commercial Mortgage Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2014-UBS04, Class XB, IO, 144A | 0.296(cc) | 08/10/47 |  | 50000 | 112100 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 8 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED SECURITIES (Continued)** |  |  |  |  |
| &nbsp;&nbsp; **United States (cont'd.)** |  |  |  |  |
| &nbsp;&nbsp; Eleven Madison Mortgage Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-11MD, Class C, 144A | 3.673%(cc) | 09/10/35 | 500 | $489673 |
| &nbsp;&nbsp; ELP Commercial Mortgage Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-ELP, Class F, 144A, 1 Month SOFR + 2.781% (Cap N/A, Floor 2.667%) | 7.103(c) | 11/15/38 | 13584 | 13465327 |
| &nbsp;&nbsp; FHLMC Multifamily Structured Pass-Through Certificates, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series K049, Class X1, IO | 0.672(cc) | 07/25/25 | 27186 | 13297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series K052, Class X1, IO | 0.745(cc) | 11/25/25 | 4950 | 11840 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series K053, Class X1, IO | 1.011(cc) | 12/25/25 | 40192 | 163128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series K054, Class X1, IO | 1.294(cc) | 01/25/26 | 26633 | 163864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series K058, Class X1, IO | 1.026(cc) | 08/25/26 | 37525 | 348776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series K090, Class X1, IO | 0.854(cc) | 02/25/29 | 22500 | 549466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series K111, Class X1, IO | 1.677(cc) | 05/25/30 | 29046 | 1881353 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series K113, Class X1, IO | 1.478(cc) | 06/25/30 | 117737 | 6715009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series K114, Class X1, IO | 1.208(cc) | 06/25/30 | 74873 | 3564756 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series K116, Class X1, IO | 1.520(cc) | 07/25/30 | 48417 | 2842221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series K121, Class X1, IO | 1.113(cc) | 10/25/30 | 124712 | 5474107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series KG03, Class X1, IO | 1.472(cc) | 06/25/30 | 100010 | 5586135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series Q001, Class XA, IO | 2.085(cc) | 02/25/32 | 5181 | 328876 |
| &nbsp;&nbsp; GS Mortgage Securities Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2014-GC22, Class XB, IO | 0.335(cc) | 06/10/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35000 | 71218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2014-GC24, Class XB, IO | 0.021(cc) | 09/10/47 | 83262 | 50 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2014-GC26, Class XB, IO | 0.336(cc) | 11/10/47 | 56483 | 282 |
| &nbsp;&nbsp; JPMCC Commercial Mortgage Securities Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-JP06, Class A3 | 3.109 | 07/15/50 | 2240 | 2177720 |
| &nbsp;&nbsp; JPMDB Commercial Mortgage Securities Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-COR07, Class A4 | 1.915 | 05/13/53 | 5000 | 4169533 |
| &nbsp;&nbsp; JPMorgan Chase Commercial Mortgage Securities Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-AON, Class E, 144A | 4.767(cc) | 07/05/31 | 5564 | 1710930 |
| &nbsp;&nbsp; Morgan Stanley Capital I Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-HR08, Class XB, IO | 0.980(cc) | 07/15/53 | 54413 | 2230579 |
| &nbsp;&nbsp; ONE Mortgage Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-PARK, Class C, 144A, 1 Month SOFR + 1.214% (Cap N/A, Floor 1.100%) | 5.536(c) | 03/15/36 | 1500 | 1402309 |
| &nbsp;&nbsp; Wells Fargo Commercial Mortgage Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-C35, Class XB, IO | 1.070(cc) | 07/15/48 | 24000 | 201233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-LC24, Class XB, IO | 1.121(cc) | 10/15/49 | 20910 | 249141 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 9 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED SECURITIES (Continued)** | &nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED SECURITIES (Continued)** | &nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED SECURITIES (Continued)** |  |  |  |
| &nbsp;&nbsp; **United States (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; Wells Fargo Commercial Mortgage Trust, (cont'd.) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-FCMT, Class B, 144A, 1 Month SOFR + 1.964% (Cap N/A, Floor 1.850%) | 6.286%(c) | 05/15/31 |  | 1800 | $1773128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-FCMT, Class C, 144A, 1 Month SOFR + 2.514% (Cap N/A, Floor 2.400%) | 6.836(c) | 05/15/31 |  | 1700 | 1678850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-FCMT, Class D, 144A, 1 Month SOFR + 3.614% (Cap N/A, Floor 3.500%) | 7.936(c) | 05/15/31 |  | 2200 | 2156206 |
|  |  |  |  |  | 77532386 |
| &nbsp;&nbsp; **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $107,579,986) |  |  |  |  | 99790705 |
| &nbsp;&nbsp; **CORPORATE BONDS 42.7%** |  |  |  |  |  |
| &nbsp;&nbsp; **Brazil 0.8%** |  |  |  |  |  |
| &nbsp;&nbsp; Petrobras Global Finance BV, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.375 | 10/01/29 | GBP | 7900 | 10294075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.625 | 01/16/34 | GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7100 | 9238626 |
| &nbsp;&nbsp; Suzano Austria GmbH, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.000 | 01/15/29 |  | 200 | 204120 |
|  |  |  |  |  | 19736821 |
| &nbsp;&nbsp; **Bulgaria 0.5%** |  |  |  |  |  |
| &nbsp;&nbsp; Bulgarian Energy Holding EAD, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.450 | 07/22/28 | EUR | 12200 | 12956972 |
| &nbsp;&nbsp; **Canada 0.7%** |  |  |  |  |  |
| &nbsp;&nbsp; Barrick PD Australia Finance Pty Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.950 | 10/15/39 |  | 50 | 50628 |
| &nbsp;&nbsp; Bombardier, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.000 | 02/15/28 |  | 150 | 148657 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.125 | 06/15/26 |  | 1509 | 1509000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.500 | 02/01/29 |  | 125 | 128750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.875 | 04/15/27 |  | 296 | 295535 |
| &nbsp;&nbsp; Brookfield Residential Properties, Inc./Brookfield Residential US LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.875 | 02/15/30 |  | 1370 | 1192653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250 | 09/15/27 |  | 1275 | 1250176 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 10 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **CORPORATE BONDS (Continued)** |  |  |  |  |
| &nbsp;&nbsp; **Canada (cont'd.)** |  |  |  |  |
| &nbsp;&nbsp; Brookfield Residential Properties, Inc./Brookfield Residential US LLC, (cont'd.) | &nbsp;&nbsp; Brookfield Residential Properties, Inc./Brookfield Residential US LLC, (cont'd.) | &nbsp;&nbsp; Brookfield Residential Properties, Inc./Brookfield Residential US LLC, (cont'd.) | &nbsp;&nbsp; Brookfield Residential Properties, Inc./Brookfield Residential US LLC, (cont'd.) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.000% | 06/15/29 | 1675 | $1490733 |
| &nbsp;&nbsp; Cenovus Energy, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes(a) | 2.650 | 01/15/32 | 1340 | 1118124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.750 | 02/15/52 | 955 | 616347 |
| &nbsp;&nbsp; Hydro-Quebec, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Local Gov't. Gtd. Notes, Series JT, SOFR Index + 0.491% | 4.918(c) | 09/30/25(oo) | 500 | 396964 |
| &nbsp;&nbsp; Ontario Electricity Financial Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Local Gov't. Gtd. Notes, Series 40 | 4.026(s) | 04/11/31 CAD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000 | 5978747 |
| &nbsp;&nbsp; Ontario Teachers' Cadillac Fairview Properties Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 2.500 | 10/15/31 | 1775 | 1542450 |
| &nbsp;&nbsp; Rogers Communications, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 3.250 | 05/01/29 CAD | 700 | 500137 |
| &nbsp;&nbsp; Royal Bank of Canada, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 3.650 | 03/10/26 CNH | 3000 | 418245 |
|  |  |  |  | 16637146 |
| &nbsp;&nbsp; **Chile 0.2%** |  |  |  |  |
| &nbsp;&nbsp; Chile Electricity Lux Mpc II Sarl, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gov't. Gtd. Notes, 144A | 5.580 | 10/20/35 | 3010 | 2982910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gov't. Gtd. Notes, 144A | 5.672 | 10/20/35 | 1655 | 1659758 |
|  |  |  |  | 4642668 |
| &nbsp;&nbsp; **China 0.6%** |  |  |  |  |
| &nbsp;&nbsp; Agricultural Development Bank of China, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.800 | 10/27/30 CNH | 55000 | 8174622 |
| &nbsp;&nbsp; Aircraft Finance Co. Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, Series B | 4.100 | 03/29/26 | 549 | 543137 |
| &nbsp;&nbsp; China Development Bank, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.300 | 08/02/32 CNH | 27000 | 4220464 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unsec'd. Notes | 4.200 | 01/19/27 CNH | 16000 | 2283526 |
|  |  |  |  | 15221749 |
| &nbsp;&nbsp; **Denmark 0.2%** |  |  |  |  |
| &nbsp;&nbsp; Danske Bank A/S, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Non-Preferred Notes, 144A | 1.621(ff) | 09/11/26 | 4645 | 4589427 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 11 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **CORPORATE BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **France 2.4%** |  |  |  |  |  |
| &nbsp;&nbsp; Agence Francaise de Developpement EPIC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.000% | 01/17/34 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000 | $5596894 |
| &nbsp;&nbsp; Banque Federative du Credit Mutuel SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Preferred Notes, Series 19 | 0.999 | 10/15/25 | JPY | 200000 | 1398585 |
| &nbsp;&nbsp; BNP Paribas SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub. Notes, EMTN | 4.625 | 03/09/27 | AUD | 370 | 235184 |
| &nbsp;&nbsp; BPCE SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Non-Preferred Notes, Series 03 | 0.989 | 07/12/28 | JPY | 300000 | 2054427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Preferred Notes, EMTN | 3.610 | 01/25/29 | CNH | 4000 | 561475 |
| &nbsp;&nbsp; Caisse des Depots et Consignations, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 3.063 | 10/09/30 | EUR | 1300 | 1487584 |
| &nbsp;&nbsp; Credit Agricole SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub. Notes, EMTN | 4.200(ff) | 05/29/34 | AUD | 400 | 238877 |
| &nbsp;&nbsp; Gestion Securite de Stocks Securite SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 2.875 | 09/07/32 | EUR | 1100 | 1220989 |
| &nbsp;&nbsp; Ile-de-France Mobilites, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 0.950 | 02/16/32 | EUR | 1400 | 1390258 |
| &nbsp;&nbsp; La Poste SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 1.375 | 04/21/32 | EUR | 2400 | 2419943 |
| &nbsp;&nbsp; Regie Autonome des Transports Parisiens EPIC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 0.350 | 06/20/29 | EUR | 1000 | 1036048 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 1.875 | 05/25/32 | EUR | 4300 | 4501673 |
| &nbsp;&nbsp; SNCF Reseau, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 1.500 | 05/29/37 | EUR | 1700 | 1530673 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series MPLE | 4.700 | 06/01/35 | CAD | 6400 | 4829386 |
| &nbsp;&nbsp; Societe Generale SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Non-Preferred Notes, 144A | 2.889(ff) | 06/09/32 |  | 1685 | 1453414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Non-Preferred Notes, 144A | 3.337(ff) | 01/21/33 |  | 4915 | 4273620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Non-Preferred Notes, 144A, MTN | 6.691(ff) | 01/10/34 |  | 805 | 847921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Non-Preferred Notes, EMTN | 3.500 | 07/09/26 | CNH | 32000 | 4405303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Non-Preferred Notes, EMTN | 3.550 | 06/16/29 | CNH | 13000 | 1795405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub. Notes, EMTN | 5.000 | 05/19/27 | AUD | 220 | 140613 |
| &nbsp;&nbsp; Societe Nationale SNCF SACA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 1.500 | 02/02/29 | EUR | 3200 | 3492984 |
| &nbsp;&nbsp; Sogecap SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub. Notes | 6.500(ff) | 05/16/44 | EUR | 3900 | 4924573 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 12 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **CORPORATE BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **France (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; TDF Infrastructure SASU, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.125% | 10/23/31 | EUR | 4100 | $4649912 |
| &nbsp;&nbsp; TotalEnergies SE, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, Series NC7, EMTN | 1.625(ff) | 10/25/27(oo) | EUR | 5500 | 5902318 |
|  |  |  |  |  | 60388059 |
| &nbsp;&nbsp; **Germany 1.2%** |  |  |  |  |  |
| &nbsp;&nbsp; Deutsche Bahn Finance GmbH, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, Series CB(a) | 1.600(ff) | 07/18/29(oo) | EUR | 4200 | 4228788 |
| &nbsp;&nbsp; Deutsche Bahn Finance GMBH, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, MTN | 1.987 | 07/08/30 | AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | 564349 |
| &nbsp;&nbsp; Deutsche Bank AG, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Non-Preferred Notes | 2.129(ff) | 11/24/26 |  | 3760 | 3700182 |
| &nbsp;&nbsp; Hamburg Commercial Bank AG, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub. Notes, EMTN, SOFR + 0.667% | 5.036(c) | 03/21/31 |  | 8160 | 7765221 |
| &nbsp;&nbsp; Volkswagen Bank GmbH, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Non-Preferred Notes, EMTN | 4.625 | 05/03/31 | EUR | 11000 | 12939926 |
|  |  |  |  |  | 29198466 |
| &nbsp;&nbsp; **Hong Kong 0.5%** |  |  |  |  |  |
| &nbsp;&nbsp; HKT Capital No. 3 Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 1.650 | 04/10/27 | EUR | 9300 | 9969113 |
| &nbsp;&nbsp; Sun Hung Kai Properties Capital Market Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, EMTN | 3.150 | 07/11/28 | CNH | 13000 | 1795824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, EMTN | 3.160 | 01/25/28 | CNH | 4000 | 552420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, EMTN | 3.200 | 08/14/27 | CNH | 5000 | 693090 |
|  |  |  |  |  | 13010447 |
| &nbsp;&nbsp; **Hungary 0.2%** |  |  |  |  |  |
| &nbsp;&nbsp; MFB Magyar Fejlesztesi Bank Zrt, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gov't. Gtd. Notes | 0.375 | 06/09/26 | EUR | 100 | 110063 |
| &nbsp;&nbsp; MVM Energetika Zrt, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 0.875 | 11/18/27 | EUR | 5530 | 5868045 |
|  |  |  |  |  | 5978108 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 13 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** |  | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **CORPORATE BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **Iceland 0.2%** |  |  |  |  |  |
| &nbsp;&nbsp; Landsvirkjun, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gov't. Gtd. Notes, EMTN, 3 Month EURIBOR + 0.090% | 2.281%(c) | 07/24/26 | EUR | 5600 | $6263118 |
| &nbsp;&nbsp; **India 0.8%** |  |  |  |  |  |
| &nbsp;&nbsp; NTPC Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 2.750 | 02/01/27 | EUR | 12350 | 13888426 |
| &nbsp;&nbsp; Power Finance Corp. Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, GMTN | 1.841 | 09/21/28 | EUR | 6419 | 6835531 |
|  |  |  |  |  | 20723957 |
| &nbsp;&nbsp; **Indonesia 0.5%** |  |  |  |  |  |
| &nbsp;&nbsp; Freeport Indonesia PT, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 5.315 | 04/14/32 |  | 2490 | 2457630 |
| &nbsp;&nbsp; Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.875 | 11/05/31 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7500 | 7309517 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.875 | 10/25/25 | EUR | 3536 | 4002713 |
|  |  |  |  |  | 13769860 |
| &nbsp;&nbsp; **Israel 0.7%** |  |  |  |  |  |
| &nbsp;&nbsp; Israel Electric Corp. Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A, GMTN | 3.750 | 02/22/32 |  | 600 | 535224 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 7.875 | 12/15/26 |  | 5889 | 6133806 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, EMTN | 3.700 | 05/23/30 | JPY | 200000 | 1417763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, EMTN | 7.750 | 12/15/27 |  | 8650 | 9197891 |
|  |  |  |  |  | 17284684 |
| &nbsp;&nbsp; **Italy 0.6%** |  |  |  |  |  |
| &nbsp;&nbsp; Cassa Depositi e Prestiti SpA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 3.375 | 02/11/32 | EUR | 2200 | 2505503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 4.750 | 10/18/30 | EUR | 1500 | 1838238 |
| &nbsp;&nbsp; Intesa Sanpaolo SpA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Non-Preferred Notes, 144A | 7.778(ff) | 06/20/54 |  | 1140 | 1219853 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub. Notes, 144A | 4.198(ff) | 06/01/32 |  | 1430 | 1280541 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 14 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **CORPORATE BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **Italy (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; UniCredit SpA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Preferred Notes, 144A | 1.982%(ff) | 06/03/27 |  | 8485 | $8220122 |
|  |  |  |  |  | 15064257 |
| &nbsp;&nbsp; **Jamaica 0.2%** |  |  |  |  |  |
| &nbsp;&nbsp; Digicel Group Holdings Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, Series 1B14, 144A^ | 0.000 | 12/31/30 |  | 351 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, Series 3B14, 144A^ | 0.000 | 12/31/30 |  | 236 |  |
| &nbsp;&nbsp; Digicel Intermediate Holdings Ltd./Digicel International Finance Ltd./DIFL US LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, Cash coupon 9.000% and PIK 1.942% | 10.942 | 05/25/27 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5221 | 5220705 |
|  |  |  |  |  | 5220705 |
| &nbsp;&nbsp; **Japan 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Nomura International Funding Pte Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, EMTN | 3.130 | 01/07/31 | CNH | 10000 | 1378163 |
| &nbsp;&nbsp; **Luxembourg 1.0%** |  |  |  |  |  |
| &nbsp;&nbsp; Blackstone Property Partners Europe Holdings Sarl, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 1.000 | 10/20/26 | EUR | 1700 | 1876913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 1.000 | 05/04/28 | EUR | 9850 | 10489141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 1.625 | 04/20/30 | EUR | 2400 | 2457880 |
| &nbsp;&nbsp; Logicor Financing Sarl, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, EMTN | 1.625 | 07/15/27 | EUR | 4300 | 4720197 |
| &nbsp;&nbsp; P3 Group Sarl, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 1.625 | 01/26/29 | EUR | 1900 | 2008307 |
| &nbsp;&nbsp; SELP Finance Sarl, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, EMTN | 3.750 | 08/10/27 | EUR | 2500 | 2879650 |
|  |  |  |  |  | 24432088 |
| &nbsp;&nbsp; **Malta 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Freeport Terminal Malta PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gov't. Gtd. Notes, 144A | 7.250 | 05/15/28 |  | 3000 | 3190581 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 15 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **CORPORATE BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **Mexico 2.0%** |  |  |  |  |  |
| &nbsp;&nbsp; Comision Federal de Electricidad, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.000% | 09/29/36 |  | 9960 | $8882029 |
| &nbsp;&nbsp; Mexico City Airport Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 3.875 | 04/30/28 |  | 389 | 369900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 5.500 | 07/31/47 |  | 3137 | 2452538 |
| &nbsp;&nbsp; Petroleos Mexicanos, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.750 | 02/26/29 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2700 | 2757597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.350 | 02/12/28 |  | 300 | 276480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.950 | 01/28/31 |  | 1050 | 872448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.500 | 03/13/27 |  | 194 | 189550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.700 | 02/16/32 |  | 577 | 489804 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.840 | 01/23/30 |  | 4050 | 3619161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.875 | 10/16/25 |  | 100 | 99665 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 9.500 | 09/15/27 |  | 1000 | 1034500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 9.500 | 09/15/27 |  | 6379 | 6599075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 10.000 | 02/07/33 |  | 2000 | 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, EMTN | 2.750 | 04/21/27 | EUR | 4000 | 4185881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, EMTN | 4.875 | 02/21/28 | EUR | 16500 | 17477043 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, EMTN | 6.750 | 09/21/47 |  | 28 | 18806 |
|  |  |  |  |  | 51324477 |
| &nbsp;&nbsp; **Netherlands 0.4%** |  |  |  |  |  |
| &nbsp;&nbsp; ABN AMRO Bank NV, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Non-Preferred Notes, 144A, MTN | 6.575(ff) | 10/13/26 |  | 5800 | 5846873 |
| &nbsp;&nbsp; Cooperatieve Rabobank UA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Preferred Notes, GMTN | 3.500 | 12/14/26 | AUD | 2882 | 1820958 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Preferred Notes, GMTN | 9.298(s) | 03/11/39 | MXN | 22000 | 280307 |
| &nbsp;&nbsp; ING Groep NV, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.066(ff) | 03/25/31 |  | 1995 | 2010241 |
| &nbsp;&nbsp; NXP BV/NXP Funding LLC/NXP USA, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 3.150 | 05/01/27 |  | 575 | 559021 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 3.400 | 05/01/30 |  | 725 | 671082 |
|  |  |  |  |  | 11188482 |
| &nbsp;&nbsp; **Paraguay 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Bioceanico Sovereign Certificate Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 2.740(s) | 06/05/34 |  | 2375 | 1848199 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 16 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **CORPORATE BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **Peru 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Lima Metro Line 2 Finance Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 4.350% | 04/05/36 |  | 1452 | $1340442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 5.875 | 07/05/34 |  | 80 | 79520 |
| &nbsp;&nbsp; Peru Enhanced Pass-Through Finance Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pass-Through Certificates | 3.439(s) | 06/02/25 |  | 270 | 268735 |
|  |  |  |  |  | 1688697 |
| &nbsp;&nbsp; **Philippines 0.3%** |  |  |  |  |  |
| &nbsp;&nbsp; Bangko Sentral ng Pilipinas International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series A | 8.600 | 06/15/27 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3560 | 3825612 |
| &nbsp;&nbsp; Power Sector Assets & Liabilities Management Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gov't. Gtd. Notes | 9.625 | 05/15/28 |  | 4320 | 4901126 |
|  |  |  |  |  | 8726738 |
| &nbsp;&nbsp; **Poland 0.3%** |  |  |  |  |  |
| &nbsp;&nbsp; Bank Gospodarstwa Krajowego, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gov't. Gtd. Notes | 1.625 | 04/30/28 | EUR | 4760 | 5215550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gov't. Gtd. Notes | 2.000 | 06/01/30 | EUR | 506 | 547312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gov't. Gtd. Notes, EMTN | 4.000 | 03/13/32 | EUR | 1200 | 1402446 |
|  |  |  |  |  | 7165308 |
| &nbsp;&nbsp; **Qatar 0.4%** |  |  |  |  |  |
| &nbsp;&nbsp; QNB Finance Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, EMTN | 3.150 | 02/04/26 | CNH | 20500 | 2842065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, EMTN | 3.500 | 03/09/26 | CNH | 41660 | 5791549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, EMTN | 3.800 | 06/17/25 | CNH | 1010 | 139201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, EMTN | 3.950 | 11/17/27 | CNH | 1300 | 184650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, MTN | 4.900 | 02/01/28 | AUD | 250 | 161110 |
|  |  |  |  |  | 9118575 |
| &nbsp;&nbsp; **Russia 0.4%** |  |  |  |  |  |
| &nbsp;&nbsp; Gazprom PJSC Via Gaz Capital SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.500 | 03/21/26(d) | EUR | 3500 | 3072856 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 17 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** |  | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **CORPORATE BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **Russia (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; Gazprom PJSC via Gaz Finance PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.000% | 06/29/27(d) |  | 1410 | $1057500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 1.540 | 06/30/27 | CHF | 6000 | 4907009 |
|  |  |  |  |  | 9037365 |
| &nbsp;&nbsp; **Saudi Arabia 0.0%** |  |  |  |  |  |
| &nbsp;&nbsp; Gaci First Investment Co., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, EMTN | 5.125 | 06/11/29 | GBP | 310 | 414874 |
| &nbsp;&nbsp; **Singapore 0.0%** |  |  |  |  |  |
| &nbsp;&nbsp; DBS Group Holdings Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub. Notes, EMTN | 3.700 | 03/03/31 | CNH | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8780 | 1220208 |
| &nbsp;&nbsp; **Slovenia 0.5%** |  |  |  |  |  |
| &nbsp;&nbsp; United Group BV, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 3.625 | 02/15/28 | EUR | 5275 | 5823103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 4.000 | 11/15/27 | EUR | 64 | 71849 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 4.625 | 08/15/28 | EUR | 100 | 112655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.250 | 02/01/30 | EUR | 6500 | 7269382 |
|  |  |  |  |  | 13276989 |
| &nbsp;&nbsp; **South Africa 0.6%** |  |  |  |  |  |
| &nbsp;&nbsp; Eskom Holdings SOC Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gov't. Gtd. Notes, 144A, MTN | 6.350 | 08/10/28 |  | 1350 | 1328063 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gov't. Gtd. Notes, MTN | 6.350 | 08/10/28 |  | 15000 | 14756250 |
|  |  |  |  |  | 16084313 |
| &nbsp;&nbsp; **South Korea 0.9%** |  |  |  |  |  |
| &nbsp;&nbsp; Korea Development Bank (The), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 1.830 | 08/10/27 | SEK | 74000 | 7427978 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 3.000 | 07/31/26 | CNH | 6000 | 835923 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 3.050 | 06/26/26 | CNH | 5000 | 696033 |
| &nbsp;&nbsp; Korea Expressway Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, GMTN | 2.310 | 04/28/32 | SEK | 80000 | 7847864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, GMTN | 3.030 | 05/11/32 | CAD | 7500 | 5268215 |
|  |  |  |  |  | 22076013 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 18 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** |  | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **CORPORATE BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **Spain 0.3%** |  |  |  |  |  |
| &nbsp;&nbsp; Adif Alta Velocidad, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 3.250% | 05/31/29 | EUR | 5000 | $5787518 |
| &nbsp;&nbsp; Banco Santander SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub. Notes | 2.749 | 12/03/30 |  | 600 | 525686 |
|  |  |  |  |  | 6313204 |
| &nbsp;&nbsp; **Supranational Bank 0.6%** |  |  |  |  |  |
| &nbsp;&nbsp; African Export-Import Bank (The), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.798 | 05/17/31 |  | 300 | 264189 |
| &nbsp;&nbsp; Asian Infrastructure Investment Bank (The), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN^ | 0.375 | 09/09/25 | THB | 72000 | 2150797 |
| &nbsp;&nbsp; Corp. Andina de Fomento, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.750 | 04/16/29 | GBP | 1500 | 2015422 |
| &nbsp;&nbsp; European Investment Bank, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 1.000 | 02/25/28 | PLN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3985 | 956301 |
| &nbsp;&nbsp; International Bank for Reconstruction & Development, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, SOFR Index + 0.262% (Cap 1.820%, Floor 0.000%) | 1.820(c) | 08/11/26 |  | 72 | 67278 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, SOFR Index + 0.262% (Cap 2.330%, Floor 0.000%) | 2.330(c) | 05/31/26 |  | 4 | 3935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 6.630 | 07/24/28 | MXN | 33700 | 1607439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, MTN | 2.700 | 12/28/37 |  | 300 | 240741 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 1.928(s) | 04/23/32 | AUD | 8758 | 4176026 |
| &nbsp;&nbsp; International Finance Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, GMTN | 7.020 | 04/06/28 | MXN | 44300 | 2194277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, GMTN | 8.215(s) | 01/27/37 | MXN | 78000 | 1427749 |
|  |  |  |  |  | 15104154 |
| &nbsp;&nbsp; **Switzerland 1.3%** |  |  |  |  |  |
| &nbsp;&nbsp; UBS AG, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 3.550 | 05/27/31 | CNH | 120000 | 17018928 |
| &nbsp;&nbsp; UBS Group AG, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 1.494(ff) | 08/10/27 |  | 13125 | 12604449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 3.869(ff) | 01/12/29 |  | 900 | 882000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.282 | 01/09/28 |  | 2075 | 2056711 |
|  |  |  |  |  | 32562088 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 19 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **CORPORATE BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **United Arab Emirates 0.8%** |  |  |  |  |  |
| &nbsp;&nbsp; ADCB Finance Cayman Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, EMTN | 8.160% | 04/29/29 | IDR | 3000000 | $184735 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, MTN | 4.500 | 10/25/27 | AUD | 2270 | 1451024 |
| &nbsp;&nbsp; DP World Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.375 | 09/25/26 | EUR | 1361 | 1530727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.250 | 09/25/30 | GBP | 4740 | 6024837 |
| &nbsp;&nbsp; Emirates NBD Bank PJSC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 3.670 | 07/13/28 | CNH | 7000 | 989813 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 4.050 | 09/24/25 | CNH | 2400 | 332172 |
| &nbsp;&nbsp; Emirates Telecommunications Group Co. PJSC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 0.875 | 05/17/33 | EUR | 1200 | 1121739 |
| &nbsp;&nbsp; First Abu Dhabi Bank PJSC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 0.875 | 12/09/25 | GBP | 1168 | 1513204 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 3.150 | 01/29/26 | CNH | 55290 | 7655859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 3.500 | 07/02/25 | CNH | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2170 | 299172 |
|  |  |  |  |  | 21103282 |
| &nbsp;&nbsp; **United Kingdom 2.0%** |  |  |  |  |  |
| &nbsp;&nbsp; Barclays Bank PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 2.100 | 11/13/25 | CNH | 18000 | 2476167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 3.600 | 04/30/27 | CNH | 12000 | 1693940 |
| &nbsp;&nbsp; Barclays PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 0.654(ff) | 06/09/27 | JPY | 200000 | 1375238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, MTN | 5.244 | 06/15/28 | AUD | 1000 | 648631 |
| &nbsp;&nbsp; Bellis Acquisition Co. PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.125 | 05/14/30 | GBP | 2350 | 2912365 |
| &nbsp;&nbsp; Bellis Finco PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.000 | 02/16/27 | GBP | 6700 | 8442767 |
| &nbsp;&nbsp; British American Tobacco PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, Series 5.25 | 3.000(ff) | 09/27/26(oo) | EUR | 8300 | 9248404 |
| &nbsp;&nbsp; Hammerson Ireland Finance DAC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 1.750 | 06/03/27 | EUR | 6897 | 7644715 |
| &nbsp;&nbsp; HSBC Bank PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A, EMTN | 3.120 | 04/04/26 | CNH | 36800 | 5078766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 3.150 | 03/06/26 | CNH | 35000 | 4859825 |
| &nbsp;&nbsp; HSBC Holdings PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.973(ff) | 05/22/30 |  | 2400 | 2318020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 3.400 | 06/29/27 | CNH | 1000 | 138819 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 20 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** |  | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **CORPORATE BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **United Kingdom (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; Lloyds Bank PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 0.000% | 04/02/32 |  | 2800 | $1954848 |
| &nbsp;&nbsp; Lloyds Banking Group PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub. Notes | 4.582 | 12/10/25 |  | 2250 | 2242446 |
|  |  |  |  |  | 51034951 |
| &nbsp;&nbsp; **United States 20.2%** |  |  |  |  |  |
| &nbsp;&nbsp; 3M Co., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 3 Month SOFR + (0.088)% | 4.217(c) | 12/21/40 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1425 | 1401775 |
| &nbsp;&nbsp; Aflac, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 0.500 | 12/17/29 | JPY | 100000 | 668575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 0.830 | 03/12/35 | JPY | 100000 | 626044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 0.932 | 01/25/27 | JPY | 80000 | 557171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.159 | 10/18/30 | JPY | 700000 | 4795840 |
| &nbsp;&nbsp; Altria Group, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 3.125 | 06/15/31 | EUR | 2900 | 3198534 |
| &nbsp;&nbsp; American International Group, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, MTN | 2.137 | 11/27/34 | JPY | 150000 | 1047644 |
| &nbsp;&nbsp; American Medical Systems Europe BV, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 3.375 | 03/08/29 | EUR | 5400 | 6245305 |
| &nbsp;&nbsp; Antero Midstream Partners LP/Antero Midstream Finance Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.375 | 06/15/29 |  | 1425 | 1391329 |
| &nbsp;&nbsp; Ascent Resources Utica Holdings LLC/ARU Finance Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 9.000 | 11/01/27 |  | 579 | 678671 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.250 | 12/31/28 |  | 1825 | 1843448 |
| &nbsp;&nbsp; Ashland, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A(a) | 3.375 | 09/01/31 |  | 1600 | 1388902 |
| &nbsp;&nbsp; Ashton Woods USA LLC/Ashton Woods Finance Co., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.625 | 01/15/28 |  | 5782 | 5765966 |
| &nbsp;&nbsp; AT&T, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.950 | 04/30/31 | EUR | 6500 | 7642308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series MPLE | 4.850 | 05/25/47 | CAD | 150 | 103671 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series MPLE | 5.100 | 11/25/48 | CAD | 4575 | 3273058 |
| &nbsp;&nbsp; Bank of America Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.687(ff) | 04/22/32 |  | 6950 | 6145297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series H, MTN, 3 Month SOFR + 0.162% | 4.480(c) | 11/27/40 |  | 519 | 510085 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 21 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **CORPORATE BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **United States (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; Bank of America Corp., (cont'd.) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub. Notes, EMTN | 8.125% | 06/02/28 | GBP | 500 | $716326 |
| &nbsp;&nbsp; Bank of New York Mellon (The), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 3 Month SOFR + 0.062% | 4.361(c) | 06/30/38 |  | 1092 | 1081080 |
| &nbsp;&nbsp; Bausch Health Cos., Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.000 | 01/30/28 |  | 1090 | 831125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.000 | 02/15/29 |  | 175 | 110250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.250 | 01/30/30 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3250 | 1893125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.250 | 02/15/31 |  | 2000 | 1080000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250 | 02/15/29 |  | 25 | 16375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.000 | 01/15/28 |  | 375 | 306563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.875 | 06/01/28 |  | 575 | 466986 |
| &nbsp;&nbsp; Beazer Homes USA, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.875 | 10/15/27 |  | 1375 | 1338320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes(a) | 7.250 | 10/15/29 |  | 1600 | 1554894 |
| &nbsp;&nbsp; Becton Dickinson & Co., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 3.828 | 06/07/32 | EUR | 4100 | 4752623 |
| &nbsp;&nbsp; Berkshire Hathaway, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 0.440 | 09/13/29 | JPY | 2240000 | 14964789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 0.787 | 09/13/34 | JPY | 100000 | 625504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 0.965 | 09/13/39 | JPY | 300000 | 1719644 |
| &nbsp;&nbsp; Boeing Co. (The), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.250 | 02/01/35 |  | 480 | 394980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.805 | 05/01/50 |  | 3760 | 3525646 |
| &nbsp;&nbsp; BP Capital Markets PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.375(ff) | 06/22/25(oo) |  | 3000 | 2977500 |
| &nbsp;&nbsp; Brixmor Operating Partnership LP, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.500 | 08/16/31 |  | 1880 | 1622331 |
| &nbsp;&nbsp; Broadcom, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 3.419 | 04/15/33 |  | 3405 | 3031980 |
| &nbsp;&nbsp; Caledonia Generating LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 1.950 | 02/28/34 |  | 9300 | 8171569 |
| &nbsp;&nbsp; Calpine Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.625 | 02/01/29 |  | 2770 | 2676252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.125 | 03/15/28 |  | 2050 | 2028745 |
| &nbsp;&nbsp; Carrier Global Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.500 | 11/29/32 | EUR | 3000 | 3610570 |
| &nbsp;&nbsp; CCO Holdings LLC/CCO Holdings Capital Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A(a) | 4.250 | 02/01/31 |  | 723 | 653629 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 22 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **CORPORATE BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **United States (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications Operating Capital, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 3.900% | 06/01/52 |  | 695 | $441057 |
| &nbsp;&nbsp; Citigroup Global Markets Holdings, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, GMTN | 3.790 | 09/28/28 | HKD | 6000 | 764475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, MTN, SOFR ICE SWAP 10Y Index + 0.000% (Cap N/A, Floor 0.000%) | 4.174(c) | 09/21/27 |  | 1500 | 1479985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, MTN, SOFR + 0.100% | 4.478(c) | 10/20/57 |  | 885 | 862586 |
| &nbsp;&nbsp; Citigroup, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, Series X | 3.875(ff) | 02/18/26(oo) |  | 19245 | 18719287 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.561(ff) | 05/01/32 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6600 | 5765255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.057(ff) | 01/25/33 |  | 1595 | 1401795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 6.500 | 08/16/30 | GBP | 7 | 9890 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub. Notes | 5.827(ff) | 02/13/35 |  | 1230 | 1219841 |
| &nbsp;&nbsp; Civitas Resources, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.000 | 10/15/26 |  | 1755 | 1697224 |
| &nbsp;&nbsp; Cleveland-Cliffs, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.875 | 11/01/29 |  | 635 | 615323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.375 | 05/01/33 |  | 395 | 371083 |
| &nbsp;&nbsp; Clue Opco LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.500 | 10/15/31 |  | 2350 | 2252440 |
| &nbsp;&nbsp; Colgate-Palmolive Co., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series E, MTN, 3 Month SOFR + (0.038)% | 4.290(c) | 08/22/42 |  | 485 | 481031 |
| &nbsp;&nbsp; Columbia Pipelines Operating Co. LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.036 | 11/15/33 |  | 2040 | 2108962 |
| &nbsp;&nbsp; Comerica, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.982(ff) | 01/30/30 |  | 2792 | 2825781 |
| &nbsp;&nbsp; Dana, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes(a) | 4.500 | 02/15/32 |  | 2075 | 1864475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.375 | 11/15/27 |  | 1800 | 1789763 |
| &nbsp;&nbsp; DaVita, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(a) | 3.750 | 02/15/31 |  | 1125 | 988603 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.625 | 06/01/30 |  | 1125 | 1046263 |
| &nbsp;&nbsp; DCLI Bidco LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Second Mortgage, 144A | 7.750 | 11/15/29 |  | 425 | 395972 |
| &nbsp;&nbsp; DISH DBS Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.125 | 06/01/29 |  | 575 | 358490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 7.375 | 07/01/28 |  | 475 | 320969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 7.750 | 07/01/26 |  | 4950 | 4312529 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 23 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **CORPORATE BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **United States (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; DISH Network Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 11.750% | 11/15/27 |  | 1300 | $1365772 |
| &nbsp;&nbsp; Dow Chemical Co. (The), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 9.400 | 05/15/39 |  | 88 | 112227 |
| &nbsp;&nbsp; Energy Transfer LP, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, Series G | 7.125(ff) | 05/15/30(oo) |  | 7800 | 7707690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, Series H | 6.500(ff) | 11/15/26(oo) |  | 5045 | 5019873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.400 | 10/01/47 |  | 2200 | 1889833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.000 | 06/15/48 |  | 2350 | 2181454 |
| &nbsp;&nbsp; Expand Energy Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.375 | 02/01/29 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | 1993578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.875 | 02/01/29 |  | 600 | 598411 |
| &nbsp;&nbsp; Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.625 | 01/15/29 |  | 25 | 23189 |
| &nbsp;&nbsp; Fidelity National Information Services, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.500 | 05/21/27 | EUR | 5600 | 6161605 |
| &nbsp;&nbsp; Ford Motor Credit Co. LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.134 | 08/04/25 |  | 200 | 198832 |
| &nbsp;&nbsp; Fortive Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.700 | 02/13/26 | EUR | 6050 | 6910322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.700 | 08/15/29 | EUR | 3850 | 4467911 |
| &nbsp;&nbsp; General Electric Co., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series A, MTN | 0.000(cc) | 10/16/38 |  | 400 | 396577 |
| &nbsp;&nbsp; Goldman Sachs Group, Inc. (The), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, Series U | 3.650(ff) | 08/10/26(oo) |  | 11370 | 10851988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.992(ff) | 01/27/32 |  | 2450 | 2087939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.383(ff) | 07/21/32 |  | 1770 | 1521923 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.615(ff) | 04/22/32 |  | 9660 | 8484235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.500 | 05/16/28 | AUD | 210 | 133490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 1.000 | 08/16/32 | JPY | 200000 | 1318408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 1.300 | 03/22/30 | JPY | 10000 | 68717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN, 6 Month EURIBOR + 0.000% (Cap 5.500%, Floor 0.000%) | 2.468(c) | 08/12/25 | EUR | 3216 | 3634465 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN, EURIBOR ICE SWAP 11:00 Fft 10Y Index + 0.000% (Cap 7.000%, Floor N/A) | 2.807(c) | 06/30/25 | EUR | 2227 | 2469877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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 | 5000 | 5967854 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 24 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** |  | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **CORPORATE BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **United States (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; Greystone Commercial Capital Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series A, 144A, 1 Month LIBOR + 2.270%^(x) | 7.230%(c) | 05/31/25(d) |  | 19080 | $16980939 |
| &nbsp;&nbsp; HCA, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 7.500 | 11/06/33 |  | 2000 | 2254028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, MTN | 7.750 | 07/15/36 |  | 2000 | 2298728 |
| &nbsp;&nbsp; Hilcorp Energy I LP/Hilcorp Finance Co., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.375 | 11/01/33 |  | 1000 | 951884 |
| &nbsp;&nbsp; Honeywell International, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.750 | 05/17/32 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4900 | 5692737 |
| &nbsp;&nbsp; Housing & Urban Development Corp. Ltd. AID Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Gov't. Gtd. Notes, 6 Month LIBOR + 0.035% | 4.717(c) | 09/15/30 |  | 600 | 599560 |
| &nbsp;&nbsp; Hunt Cos., Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.250 | 04/15/29 |  | 3975 | 3773229 |
| &nbsp;&nbsp; International Business Machines Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.900 | 02/10/30 | EUR | 8800 | 9915985 |
| &nbsp;&nbsp; JBS USA Holding Lux Sarl/JBS USA Food Co./JBS Lux Co. Sarl, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.125 | 02/01/28 |  | 1373 | 1390331 |
| &nbsp;&nbsp; Johnsonville Aeroderivative Combustion Turbine Generation LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 5.078 | 10/01/54 |  | 273 | 262764 |
| &nbsp;&nbsp; JPMorgan Chase Bank NA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.762(s) | 03/17/48 | ITL(jj) | 29800000 | 4627178 |
| &nbsp;&nbsp; JPMorgan Chase Financial Co. LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, EMTN | 3.330 | 08/31/26 | CNH | 14000 | 1955751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, EMTN | 3.500 | 07/27/28 | CNH | 38000 | 5381513 |
| &nbsp;&nbsp; KB Home, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.875 | 06/15/27 |  | 1650 | 1690240 |
| &nbsp;&nbsp; Kraft Heinz Foods Co., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.875 | 10/01/49 |  | 15 | 12815 |
| &nbsp;&nbsp; Lamb Weston Holdings, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.125 | 01/31/30 |  | 75 | 70399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.375 | 01/31/32 |  | 1650 | 1514435 |
| &nbsp;&nbsp; Level 3 Financing, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 4.875 | 06/15/29 |  | 200 | 174909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 10.500 | 04/15/29 |  | 2042 | 2264393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(a) | 10.500 | 05/15/30 |  | 775 | 839689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 11.000 | 11/15/29 |  | 2227 | 2490923 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 25 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** |  | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **CORPORATE BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **United States (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; Liberty Mutual Group, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 3.951% | 10/15/50 |  | 90 | $64129 |
| &nbsp;&nbsp; LifePoint Health, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.375 | 01/15/29 |  | 3000 | 2695712 |
| &nbsp;&nbsp; Medline Borrower LP, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 3.875 | 04/01/29 |  | 1800 | 1679085 |
| &nbsp;&nbsp; Medtronic Global Holdings SCA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 1.500 | 07/02/39 | EUR | 500 | 422910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 1.750 | 07/02/49 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2100 | 1511542 |
| &nbsp;&nbsp; Medtronic, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 3.650 | 10/15/29 | EUR | 11300 | 13220693 |
| &nbsp;&nbsp; MetLife, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 0.769 | 05/23/29 | JPY | 600000 | 4082428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.415 | 03/07/31 | JPY | 700000 | 4820886 |
| &nbsp;&nbsp; Morgan Guaranty Trust Co., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.146(s) | 01/21/27 | ITL(jj) | 2275000 | 1250884 |
| &nbsp;&nbsp; Morgan Stanley, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 0.000 | 04/02/32 |  | 22400 | 15092000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 0.500(cc) | 06/26/43 | MXN | 16700 | 149599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 0.500(cc) | 09/25/43 | MXN | 33900 | 294333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 3.955(ff) | 03/21/35 | EUR | 5600 | 6367686 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 7.500 | 12/15/27 | MXN | 33300 | 1645430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, GMTN | 1.875 | 03/06/30 | EUR | 1100 | 1155703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 5.632(s) | 10/05/26 | IDR | 2000000 | 108286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 7.118(s) | 06/28/27 | MXN | 27000 | 1130245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 7.926(s) | 04/05/32 | MXN | 71000 | 1818926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 7.950(s) | 11/07/31 | MXN | 56000 | 1502194 |
| &nbsp;&nbsp; Morgan Stanley Finance LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, EMTN | 3.100 | 03/08/28 | CNH | 5000 | 695605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, EMTN | 3.460 | 08/10/28 | CNH | 2000 | 283162 |
| &nbsp;&nbsp; National City Bank, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 1 Month LIBOR + (0.320)% (Cap N/A, Floor 0.000%) | 0.000(c) | 07/03/37 |  | 803 | 798089 |
| &nbsp;&nbsp; Nationstar Mortgage Holdings, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.125 | 12/15/30 |  | 225 | 225049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.000 | 01/15/27 |  | 735 | 735765 |
| &nbsp;&nbsp; Newell Brands, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.375 | 05/15/30 |  | 365 | 332465 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.625 | 05/15/32 |  | 185 | 165969 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 26 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** |  | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **CORPORATE BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **United States (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; NRG Energy, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, 144A | 10.250%(ff) | 03/15/28(oo) |  | 650 | $711572 |
| &nbsp;&nbsp; Occidental Petroleum Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.450 | 09/15/36 |  | 35 | 34110 |
| &nbsp;&nbsp; OneMain Finance Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.000 | 09/15/30 |  | 1500 | 1328738 |
| &nbsp;&nbsp; ONEOK, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.050 | 09/01/33 |  | 5600 | 5749515 |
| &nbsp;&nbsp; Organon & Co./Organon Foreign Debt Co-Issuer BV, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.125 | 04/30/28 |  | 800 | 754618 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.125 | 04/30/31 |  | 1525 | 1279349 |
| &nbsp;&nbsp; Permian Resources Operating LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.000 | 04/15/27 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1825 | 1856076 |
| &nbsp;&nbsp; Prologis LP, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.250 | 09/11/29 | CNH | 63660 | 8872221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.500 | 02/06/27 | CNH | 26000 | 3616076 |
| &nbsp;&nbsp; Prologis Yen Finance LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 0.885 | 06/27/36 | JPY | 300000 | 1767447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 0.972 | 09/25/28 | JPY | 700000 | 4772987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 1.003 | 06/24/32 | JPY | 1500000 | 9687315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 1.222 | 06/22/35 | JPY | 200000 | 1240814 |
| &nbsp;&nbsp; Realty Income Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.875 | 07/06/30 | EUR | 4400 | 5352050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.000 | 10/15/29 | GBP | 6300 | 8358759 |
| &nbsp;&nbsp; Sally Holdings LLC/Sally Capital, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.750 | 03/01/32 |  | 685 | 690817 |
| &nbsp;&nbsp; Southaven Combined Cycle Generation LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes | 3.846 | 08/15/33 |  | 9 | 8598 |
| &nbsp;&nbsp; Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.500 | 01/15/28 |  | 2075 | 2021491 |
| &nbsp;&nbsp; Taylor Morrison Communities, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.750 | 01/15/28 |  | 2723 | 2725397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.125 | 08/01/30 |  | 150 | 145354 |
| &nbsp;&nbsp; Tenet Healthcare Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 4.375 | 01/15/30 |  | 675 | 640034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 4.625 | 06/15/28 |  | 275 | 267722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 5.125 | 11/01/27 |  | 455 | 451333 |
| &nbsp;&nbsp; Tenneco, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.000 | 11/17/28 |  | 2375 | 2264765 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 27 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** |  | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **CORPORATE BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **United States (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; Time Warner Cable Enterprises LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 8.375% | 07/15/33 |  | 2065 | $2352971 |
| &nbsp;&nbsp; Time Warner Cable LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 6.550 | 05/01/37 |  | 20 | 19711 |
| &nbsp;&nbsp; Tote Shipholdings LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Gov't. Gtd. Notes | 3.400 | 10/16/40 |  | 79 | 69439 |
| &nbsp;&nbsp; U.S. Bancorp, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes | 3.700(ff) | 01/15/27(oo) |  | 18150 | 17005385 |
| &nbsp;&nbsp; U.S. Bank NA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 3 Month SOFR + 0.012% | 4.309(c) | 08/09/47 |  | 3414 | 3310448 |
| &nbsp;&nbsp; United Airlines, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.375 | 04/15/26 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1300 | 1281208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.625 | 04/15/29 |  | 950 | 892454 |
| &nbsp;&nbsp; United Rentals North America, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.875 | 01/15/28 |  | 1190 | 1172472 |
| &nbsp;&nbsp; Univision Communications, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.625 | 06/01/27 |  | 1785 | 1728295 |
| &nbsp;&nbsp; Venture Global LNG, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, 144A | 9.000(ff) | 09/30/29(oo) |  | 1755 | 1504184 |
| &nbsp;&nbsp; Verizon Communications, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.500 | 04/08/31 | GBP | 1400 | 1624721 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, MTN | 2.650 | 05/06/30 | AUD | 1600 | 923381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, MTN | 3.000 | 03/23/31 | AUD | 1000 | 569950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series MPLE | 4.050 | 03/22/51 | CAD | 3200 | 1958693 |
| &nbsp;&nbsp; Viatris, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 3.850 | 06/22/40 |  | 4410 | 3097754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.000 | 06/22/50 |  | 3240 | 2040614 |
| &nbsp;&nbsp; VICI Properties LP/VICI Note Co., Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.250 | 12/01/26 |  | 4000 | 3959898 |
| &nbsp;&nbsp; Vistra Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, 144A | 7.000(ff) | 12/15/26(oo) |  | 2650 | 2677862 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, 144A | 8.000(ff) | 10/15/26(oo) |  | 3700 | 3775642 |
| &nbsp;&nbsp; Wachovia Bank NA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 3 Month SOFR + 0.062% | 4.380(c) | 11/27/40 |  | 511 | 498851 |
| &nbsp;&nbsp; Warnermedia Holdings, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.054 | 03/15/29 |  | 30 | 28055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes(a) | 5.050 | 03/15/42 |  | 4355 | 3277273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.141 | 03/15/52 |  | 2770 | 1901330 |
| &nbsp;&nbsp; Wells Fargo & Co., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.000 | 04/27/27 | AUD | 4198 | 2677704 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 28 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **CORPORATE BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **United States (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; Wells Fargo & Co., (cont'd.) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 3 Month SOFR + 0.012% | 4.296%(c) | 07/06/46 |  | 450 | $435309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, GMTN | 3.700 | 07/27/26 | AUD | 1458 | 928004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, MTN | 2.572(ff) | 02/11/31 |  | 7890 | 7138689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, MTN | 3.350(ff) | 03/02/33 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4410 | 3962699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, MTN, 3 Month SOFR + 0.012% | 4.309(c) | 06/12/48 |  | 175 | 173488 |
| &nbsp;&nbsp; WPC Eurobond BV, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 0.950 | 06/01/30 | EUR | 9950 | 10008921 |
| &nbsp;&nbsp; Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.125 | 02/15/31 |  | 820 | 846389 |
| &nbsp;&nbsp; XPO, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.125 | 02/01/32 |  | 735 | 752137 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;509675972 |
| &nbsp;&nbsp; **TOTAL CORPORATE BONDS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $1,137,202,706) |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1078651165 |
| &nbsp;&nbsp; **FLOATING RATE AND OTHER LOANS 0.2%** |  |  |  |  |  |
| &nbsp;&nbsp; **Netherlands 0.1%** | &nbsp;&nbsp; **Netherlands 0.1%** |  |  |  |  |
| &nbsp;&nbsp; International Park Holdings BV, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 6 Month EURIBOR + 5.500%^ | 8.099(c) | 01/30/32 |  | 2525 | 2786321 |
| &nbsp;&nbsp; **United Kingdom 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Doncasters US Finance LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Initial Term Loan, 3 Month SOFR + 6.500%^ | 10.822(c) | 04/23/30 |  | 1200 | 1185000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— (p) | 04/01/30 |  | 1800 | 1779750 |
|  |  |  |  |  | 2964750 |
| &nbsp;&nbsp; **United States 0.0%** | &nbsp;&nbsp; **United States 0.0%** | &nbsp;&nbsp; **United States 0.0%** |  |  |  |
| &nbsp;&nbsp; Diamond Sports Net LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Lien Exit Term Loan | 15.000 | 01/02/28 |  | 291 | 260584 |
| &nbsp;&nbsp; **TOTAL FLOATING RATE AND OTHER LOANS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $5,820,680) |  |  |  |  | 6011655 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 29 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **MUNICIPAL BONDS 0.3%** |  |  |  |  |
| &nbsp;&nbsp; **Louisiana 0.2%** |  |  |  |  |
| &nbsp;&nbsp; Plaquemines Port Harbor & Terminal District, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Taxable, Revenue Bonds, Series B | 12.000% | 12/01/34 | 4900 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5027658 |
| &nbsp;&nbsp; **Wisconsin 0.1%** | &nbsp;&nbsp; **Wisconsin 0.1%** | &nbsp;&nbsp; **Wisconsin 0.1%** |  |  |
| &nbsp;&nbsp; Public Finance Authority, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revenue Bonds, Series C | 9.250 | 09/01/55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3050 | 2890358 |
| &nbsp;&nbsp; **TOTAL MUNICIPAL BONDS** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $7,859,002) |  |  |  | 7918016 |
| &nbsp;&nbsp; **RESIDENTIAL MORTGAGE-BACKED SECURITIES 2.2%** |  |  |  |  |
| &nbsp;&nbsp; **United States** |  |  |  |  |
| &nbsp;&nbsp; Bayview Financing Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-01F, Class A, 144A, 30 Day Average SOFR + 4.000% (Cap N/A, Floor 4.000%)^ | 8.350(c) | 07/01/26 | 2016 | 2017508 |
| &nbsp;&nbsp; Bellemeade Re Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-03A, Class M1B, 144A, 30 Day Average SOFR + 1.400% (Cap N/A, Floor 1.400%) | 5.754(c) | 09/25/31 | 163 | 162663 |
| &nbsp;&nbsp; CIM Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-R01, Class A1, 144A | 4.750(cc) | 06/25/64 | 891 | 880242 |
| &nbsp;&nbsp; Connecticut Avenue Securities Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-R01, Class 1B1, 144A, 30 Day Average SOFR + 3.100% (Cap N/A, Floor 0.000%) | 7.454(c) | 10/25/41 | 1000 | 1015940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-R01, Class 1M2, 144A, 30 Day Average SOFR + 1.550% (Cap N/A, Floor 0.000%) | 5.904(c) | 10/25/41 | 98 | 98227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-R01, Class 1B1, 144A, 30 Day Average SOFR + 3.150% (Cap N/A, Floor 0.000%) | 7.504(c) | 12/25/41 | 340 | 346375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-R04, Class 1M2, 144A, 30 Day Average SOFR + 3.100% (Cap N/A, Floor 0.000%) | 7.454(c) | 03/25/42 | 1200 | 1232157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-R05, Class 2M2, 144A, 30 Day Average SOFR + 1.700% (Cap N/A, Floor 0.000%) | 6.054(c) | 07/25/44 | 250 | 248910 |
| &nbsp;&nbsp; Credit Suisse Mortgage Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-RPL06, Class A1, 144A | 3.489(cc) | 03/25/59 | 1678 | 1674733 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 30 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **RESIDENTIAL MORTGAGE-BACKED SECURITIES (Continued)** |  |  |  |  |
| &nbsp;&nbsp; **United States (cont'd.)** |  |  |  |  |
| &nbsp;&nbsp; Eagle Re Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-02, Class M1C, 144A, 30 Day Average SOFR + 3.450% (Cap N/A, Floor 3.450%) | 7.804%(c) | 04/25/34 | 2554 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2579203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-01, Class M1A, 144A, 30 Day Average SOFR + 2.000% (Cap N/A, Floor 2.000%) | 6.354(c) | 09/26/33 | 439 | 440088 |
| &nbsp;&nbsp; Fannie Mae Connecticut Avenue Securities, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-R02, Class 2B1, 144A, 30 Day Average SOFR + 3.300% (Cap N/A, Floor 0.000%) | 7.654(c) | 11/25/41 | 260 | 264550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-R02, Class 2M2, 144A, 30 Day Average SOFR + 2.000% (Cap N/A, Floor 0.000%) | 6.354(c) | 11/25/41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1440 | 1440907 |
| &nbsp;&nbsp; Fannie Mae REMIC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2012-107, Class GI, IO | 3.500 | 09/25/27 | 386 | 4549 |
| &nbsp;&nbsp; FHLMC Structured Agency Credit Risk REMIC Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-DNA06, Class B1, 144A, 30 Day Average SOFR + 3.000% (Cap N/A, Floor 0.000%) | 7.354(c) | 12/25/50 | 400 | 421668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-HQA05, Class B1, 144A, 30 Day Average SOFR + 4.000% (Cap N/A, Floor 0.000%) | 8.354(c) | 11/25/50 | 595 | 653717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-DNA05, Class M2, 144A, 30 Day Average SOFR + 1.650% (Cap N/A, Floor 0.000%) | 6.004(c) | 01/25/34 | 647 | 648880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-DNA06, Class B1, 144A, 30 Day Average SOFR + 3.400% (Cap N/A, Floor 0.000%) | 7.754(c) | 10/25/41 | 320 | 327911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-DNA06, Class M2, 144A, 30 Day Average SOFR + 1.500% (Cap N/A, Floor 0.000%) | 5.854(c) | 10/25/41 | 96 | 95884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-DNA07, Class M2, 144A, 30 Day Average SOFR + 1.800% (Cap N/A, Floor 0.000%) | 6.154(c) | 11/25/41 | 830 | 832468 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-HQA03, Class B1, 144A, 30 Day Average SOFR + 3.350% (Cap N/A, Floor 0.000%) | 7.704(c) | 09/25/41 | 150 | 152579 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 31 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **RESIDENTIAL MORTGAGE-BACKED SECURITIES (Continued)** |  |  |  |  |
| &nbsp;&nbsp; **United States (cont'd.)** |  |  |  |  |
| &nbsp;&nbsp; FHLMC Structured Agency Credit Risk REMIC Trust, (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-HQA03, Class M2, 144A, 30 Day Average SOFR + 2.100% (Cap N/A, Floor 0.000%) | 6.454%(c) | 09/25/41 | 3350 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3358375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-HQA04, Class M2, 144A, 30 Day Average SOFR + 2.350% (Cap N/A, Floor 0.000%) | 6.704(c) | 12/25/41 | 2350 | 2363230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-DNA01, Class M2, 144A, 30 Day Average SOFR + 2.500% (Cap N/A, Floor 0.000%) | 6.854(c) | 01/25/42 | 100 | 101375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-DNA02, Class M1B, 144A, 30 Day Average SOFR + 2.400% (Cap N/A, Floor 0.000%) | 6.754(c) | 02/25/42 | 700 | 714546 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-DNA04, Class M1B, 144A, 30 Day Average SOFR + 3.350% (Cap N/A, Floor 0.000%) | 7.704(c) | 05/25/42 | 300 | 310875 |
| &nbsp;&nbsp; Freddie Mac REMIC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 4166, Class IO, IO | 3.500 | 02/15/43 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3609 | 590740 |
| &nbsp;&nbsp; Home Re Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-02, Class M1C, 144A, 30 Day Average SOFR + 2.800% (Cap N/A, Floor 0.000%) | 7.154(c) | 01/25/34 | 1563 | 1573180 |
| &nbsp;&nbsp; LHOME Mortgage Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-RTL04, Class A1, 144A | 5.921(cc) | 07/25/39 | 1500 | 1506222 |
| &nbsp;&nbsp; Lincoln Senior Participation Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-01, Class A1X, 144A, 1 Month SOFR + 3.000%^ | 7.070 | 08/04/25 | 5883 | 5883000 |
| &nbsp;&nbsp; New Residential Mortgage Loan Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-04A, Class A1S, 144A, 1 Month SOFR + 0.864% (Cap N/A, Floor 0.750%) | 5.191(c) | 01/25/48 | 356 | 347506 |
| &nbsp;&nbsp; Oaktown Re VII Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-02, Class M1B, 144A, 30 Day Average SOFR + 2.900% (Cap N/A, Floor 2.900%) | 7.254(c) | 04/25/34 | 618 | 624002 |
| &nbsp;&nbsp; PMT Credit Risk Transfer Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-01R, Class A, 144A, 30 Day Average SOFR + 3.500% (Cap N/A, Floor 0.000%) | 7.854(c) | 05/25/33 | 5424 | 5444559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-02R, Class A, 144A, 30 Day Average SOFR + 3.350% (Cap N/A, Floor 0.000%) | 7.701(c) | 03/29/27 | 5001 | 5007751 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 32 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **RESIDENTIAL MORTGAGE-BACKED SECURITIES (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **United States (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; PMT Credit Risk Transfer Trust, (cont'd.) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-03R, Class A, 144A, 30 Day Average SOFR + 3.100% (Cap N/A, Floor 0.000%) | 7.451%(c) | 09/27/28 |  | 4362 | $4324662 |
| &nbsp;&nbsp; Radnor Re Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-02, Class M1B, 144A, 30 Day Average SOFR + 3.700% (Cap N/A, Floor 3.700%) | 8.054(c) | 11/25/31 |  | 3114 | 3165394 |
| &nbsp;&nbsp; RCKT Mortgage Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-CES05, Class A1A, 144A | 5.846(cc) | 08/25/44 |  | 651 | 655851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-CES07, Class A1A, 144A | 5.158(cc) | 10/25/44 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2962 | 2956378 |
| &nbsp;&nbsp; **TOTAL RESIDENTIAL MORTGAGE-BACKED SECURITIES**<br> (cost $54,013,809) |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54466805 |
| &nbsp;&nbsp; **SOVEREIGN BONDS 34.0%** |  |  |  |  |  |
| &nbsp;&nbsp; **Andorra 0.0%** |  |  |  |  |  |
| &nbsp;&nbsp; Andorra International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 1.250 | 02/23/27 | EUR | 700 | 773549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 1.250 | 05/06/31 | EUR | 400 | 406388 |
|  |  |  |  |  | 1179937 |
| &nbsp;&nbsp; **Argentina 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Argentine Republic Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.330(cc) | 12/31/33(d) | JPY | 467294 | 612796 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 0.670(cc) | 12/31/38(d) | JPY | 1637456 | 1946898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 0.670(cc) | 12/31/38(d) | JPY | 70829 | 89280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 0.670(cc) | 12/31/38 | JPY | 1812 | 2284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.330 | 12/31/33 | JPY | 58396 | 76579 |
|  |  |  |  |  | 2727837 |
| &nbsp;&nbsp; **Austria 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Republic of Austria Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A, MTN | 5.375 | 12/01/34 | CAD | 2213 | 1803773 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 33 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **SOVEREIGN BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **Brazil 0.5%** |  |  |  |  |  |
| &nbsp;&nbsp; Brazil Minas SPE via State of Minas Gerais, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gov't. Gtd. Notes | 5.333% | 02/15/28 |  | 12547 | $12433727 |
| &nbsp;&nbsp; Brazilian Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 10.250 | 01/10/28 | BRL | 2890 | 498798 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12932525 |
| &nbsp;&nbsp; **Bulgaria 0.4%** |  |  |  |  |  |
| &nbsp;&nbsp; Bulgaria Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, GMTN | 3.125 | 03/26/35 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8212 | 8947312 |
| &nbsp;&nbsp; **Canada 0.5%** |  |  |  |  |  |
| &nbsp;&nbsp; Canadian Government Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds(k) | 4.000 | 06/01/41 | CAD | 650 | 513134 |
| &nbsp;&nbsp; Canadian Government Real Return Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 0.250 | 12/01/54 | CAD | 233 | 116547 |
| &nbsp;&nbsp; City of Toronto, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unsec'd. Notes | 3.250 | 06/24/46 | CAD | 3000 | 1774110 |
| &nbsp;&nbsp; Province of Alberta, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unsec'd. Notes | 3.050 | 12/01/48 | CAD | 3500 | 2022443 |
| &nbsp;&nbsp; Province of British Columbia, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unsec'd. Notes | 2.800 | 06/18/48 | CAD | 3000 | 1658469 |
| &nbsp;&nbsp; Province of Manitoba, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unsec'd. Notes | 3.200 | 03/05/50 | CAD | 3000 | 1750570 |
| &nbsp;&nbsp; Province of Nova Scotia, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unsec'd. Notes | 3.450 | 06/01/45 | CAD | 3000 | 1880908 |
| &nbsp;&nbsp; Province of Saskatchewan, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unsec'd. Notes | 3.300 | 06/02/48 | CAD | 3500 | 2124106 |
|  |  |  |  |  | 11840287 |
| &nbsp;&nbsp; **Chile 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Bonos de la Tesoreria de la Republica, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 2.000 | 03/01/35 | CLP | 5 | 198037 |
| &nbsp;&nbsp; Bonos de la Tesoreria de la Republica en pesos, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 5.000 | 03/01/35 | CLP | 505000 | 506819 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 34 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **SOVEREIGN BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **Chile (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; Chile Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.440% | 02/01/29 | EUR | 1884 | $2022239 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.875 | 07/09/31 | EUR | 200 | 231951 |
|  |  |  |  |  | 2959046 |
| &nbsp;&nbsp; **China 2.5%** |  |  |  |  |  |
| &nbsp;&nbsp; China Government Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.390 | 03/15/29 | CNH | 500 | 70521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.310 | 11/30/25 | CNH | 4000 | 555490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.480 | 06/29/27 | CNH | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | 285595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.600 | 05/21/30 | CNH | 21500 | 3218551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.900 | 07/04/36 | CNH | 16000 | 2616154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.950 | 06/29/43 | CNH | 71500 | 12464879 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.000 | 11/30/35 | CNH | 81500 | 13369593 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.100 | 05/21/45 | CNH | 62000 | 10804127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.150 | 12/12/31 | CNH | 41500 | 6549140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.290 | 05/22/29 | CNH | 3500 | 529668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.400 | 12/12/46 | CNH | 48500 | 9025450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.500 | 05/22/34 | CNH | 24000 | 4009905 |
| &nbsp;&nbsp; Export-Import Bank of China (The), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.150 | 06/18/27 | CNH | 4000 | 575078 |
|  |  |  |  |  | 64074151 |
| &nbsp;&nbsp; **Colombia 2.6%** |  |  |  |  |  |
| &nbsp;&nbsp; Colombia Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 8.000 | 04/20/33 |  | 1600 | 1625600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 8.375 | 02/15/27 |  | 3841 | 3978431 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 9.850 | 06/28/27 | COP | 23612000 | 5491494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 10.375 | 01/28/33 |  | 19 | 22453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 11.850 | 03/09/28 |  | 1000 | 1130490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 3.875 | 03/22/26 | EUR | 47879 | 54425225 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66673693 |
| &nbsp;&nbsp; **Cyprus 0.4%** |  |  |  |  |  |
| &nbsp;&nbsp; Cyprus Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 1.250 | 01/21/40 | EUR | 7550 | 6285869 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 35 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **SOVEREIGN BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **Cyprus (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; Cyprus Government International Bond, (cont'd.) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 2.250% | 04/16/50 | EUR | 2000 | $1672812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 2.750 | 05/03/49 | EUR | 3000 | 2858214 |
|  |  |  |  |  | 10816895 |
| &nbsp;&nbsp; **Czech Republic 0.2%** |  |  |  |  |  |
| &nbsp;&nbsp; Czech Republic Government Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series 103 | 2.000 | 10/13/33 | CZK | 115000 | 4483246 |
| &nbsp;&nbsp; **Denmark 0.2%** |  |  |  |  |  |
| &nbsp;&nbsp; Denmark Government Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 0.100 | 11/15/34 | DKK | 1029 | 146339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 0.250 | 11/15/52 | DKK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000 | 405589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 0.500 | 11/15/27 | DKK | 12110 | 1788396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 0.500 | 11/15/29 | DKK | 4300 | 614732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 1.750 | 11/15/25 | DKK | 3520 | 533919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.500 | 11/15/39 | DKK | 1800 | 336113 |
|  |  |  |  |  | 3825088 |
| &nbsp;&nbsp; **Ecuador 0.4%** |  |  |  |  |  |
| &nbsp;&nbsp; Amazon Conservation DAC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 6.034 | 01/16/42 |  | 970 | 964525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.034 | 01/16/42 |  | 9000 | 8949202 |
| &nbsp;&nbsp; Ecuador Social Bond Sarl, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gov't. Gtd. Notes^ | 0.350 | 01/30/35 |  | 16320 | 283968 |
| &nbsp;&nbsp; GPS Blue Financing DAC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes | 5.645 | 11/09/41 |  | 240 | 233952 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10431647 |
| &nbsp;&nbsp; **Egypt 0.2%** |  |  |  |  |  |
| &nbsp;&nbsp; Egypt Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A, MTN | 4.750 | 04/16/26 | EUR | 700 | 787444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 5.625 | 04/16/30 | EUR | 4700 | 4569609 |
|  |  |  |  |  | 5357053 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 36 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **SOVEREIGN BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **Finland 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Kuntarahoitus OYJ, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Local Gov't. Gtd. Notes, EMTN | 3.050% | 09/24/32 | SEK | 13000 | $1337305 |
| &nbsp;&nbsp; **France 2.2%** |  |  |  |  |  |
| &nbsp;&nbsp; Agence France Locale, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, EMTN | 3.125 | 03/20/34 | EUR | 2300 | 2599322 |
| &nbsp;&nbsp; Bpifrance SACA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, EMTN | 0.625 | 07/22/31 | EUR | 4500 | 4480014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, EMTN | 3.375 | 11/25/32 | EUR | 3900 | 4528625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, EMTN | 3.375 | 05/25/34 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4800 | 5506073 |
| &nbsp;&nbsp; Caisse Francaise de Financement Local SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Covered Bonds, EMTN | 4.680 | 03/09/29 | CAD | 28712 | 21243025 |
| &nbsp;&nbsp; French Republic Government Bond OAT, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, 144A | 0.500 | 05/25/72 | EUR | 100 | 34645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, 144A, Series OATi | 0.550 | 03/01/39 | EUR | 105 | 105524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series OATe, 144A | 0.100 | 07/25/38 | EUR | 118 | 112941 |
| &nbsp;&nbsp; Region of Ile de France, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 2.900 | 04/30/31 | EUR | 1700 | 1934518 |
| &nbsp;&nbsp; SFIL SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 2.875 | 01/22/31 | EUR | 9100 | 10371823 |
| &nbsp;&nbsp; Societe Des Grands Projets EPIC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 0.000 | 11/25/30 | EUR | 2800 | 2740168 |
| &nbsp;&nbsp; Ville de Paris, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 1.750 | 05/25/31 | EUR | 2800 | 2968751 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56625429 |
| &nbsp;&nbsp; **Gabon 0.0%** |  |  |  |  |  |
| &nbsp;&nbsp; Gabon Blue Bond Master Trust 2, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insured Notes | 6.097 | 08/01/38 |  | 1000 | 1000000 |
| &nbsp;&nbsp; **Germany 0.0%** |  |  |  |  |  |
| &nbsp;&nbsp; Deutsche Bundesrepublik Inflation-Linked Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 0.100 | 04/15/46 | EUR | 128 | 120058 |
| &nbsp;&nbsp; State of North Rhine-Westphalia, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 7.500 | 06/08/27 | MXN | 500 | 24729 |
|  |  |  |  |  | 144787 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 37 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **SOVEREIGN BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **Greece 3.6%** |  |  |  |  |  |
| &nbsp;&nbsp; Hellenic Republic Government Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300% | 02/24/26 | EUR | 52 | $59316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300 | 02/24/27 | EUR | 99 | 115072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300 | 02/24/28 | EUR | 64 | 75425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300 | 02/24/29 | EUR | 194 | 227300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300 | 02/24/30 | EUR | 501 | 587258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300 | 02/24/31 | EUR | 169 | 197167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300 | 02/24/32 | EUR | 158 | 183679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300 | 02/24/33 | EUR | 46 | 52550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300 | 02/24/34 | EUR | 95 | 108697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300 | 02/24/35 | EUR | 199 | 225990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300 | 02/24/36 | EUR | 131 | 147308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300 | 02/24/37 | EUR | 157 | 174748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300 | 02/24/38 | EUR | 268 | 294699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300 | 02/24/39 | EUR | 319 | 346938 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300 | 02/24/40 | EUR | 378 | 425807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300 | 02/24/41 | EUR | 300 | 334868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300 | 02/24/42 | EUR | 923 | 1036715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 1.875 | 02/04/35 | EUR | 60000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60166019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 1.875 | 01/24/52 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7585 | 5674762 |
| &nbsp;&nbsp; Hellenic Republic Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.200 | 07/17/34 | EUR | 10198 | 12789138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.140 | 04/14/28 | EUR | 5400 | 6752253 |
|  |  |  |  |  | 89975709 |
| &nbsp;&nbsp; **Hong Kong 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Hong Kong Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, GMTN | 3.300 | 06/07/33 | CNH | 22000 | 3234009 |
| &nbsp;&nbsp; **Hungary 0.5%** |  |  |  |  |  |
| &nbsp;&nbsp; Hungary Government Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 27/A | 3.000 | 10/27/27 | HUF | 800000 | 2080326 |
| &nbsp;&nbsp; Hungary Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.125 | 09/22/31 |  | 1375 | 1115469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series 10Y | 4.500 | 06/16/34 | EUR | 1200 | 1322410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series 12Y | 1.625 | 04/28/32 | EUR | 2976 | 2869871 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 38 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **SOVEREIGN BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **Hungary (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; Magyar Export-Import Bank Zrt, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gov't. Gtd. Notes | 6.000% | 05/16/29 | EUR | 3600 | $4363759 |
|  |  |  |  |  | 11751835 |
| &nbsp;&nbsp; **India 0.3%** |  |  |  |  |  |
| &nbsp;&nbsp; Export-Import Bank of India, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 3.450 | 06/25/26 | CNH | 50000 | 6965356 |
| &nbsp;&nbsp; **Indonesia 2.0%** |  |  |  |  |  |
| &nbsp;&nbsp; Indonesia Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 0.900 | 02/14/27 | EUR | 10300 | 11276765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.000 | 07/28/29 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8500 | 8768661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.400 | 10/30/31 | EUR | 9560 | 9427555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.650 | 09/10/32 | EUR | 3200 | 3591153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 3.750 | 06/14/28 | EUR | 13980 | 16216862 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49280996 |
| &nbsp;&nbsp; **Israel 0.3%** |  |  |  |  |  |
| &nbsp;&nbsp; Israel Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 6.875 | 10/21/34 | GBP | 3435 | 5104275 |
| &nbsp;&nbsp; State of Israel, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 6.250 | 11/21/27 |  | 1500 | 1559531 |
|  |  |  |  |  | 6663806 |
| &nbsp;&nbsp; **Italy 2.9%** |  |  |  |  |  |
| &nbsp;&nbsp; Cassa Del Trentino SPA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Local Gov't. Gtd. Notes, EMTN | 1.160 | 06/17/26 | EUR | 472 | 529156 |
| &nbsp;&nbsp; Italy Buoni Poliennali Del Tesoro, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 1.800 | 05/15/36 | EUR | 102 | 114228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series 10Y | 3.850 | 07/01/34 | EUR | 500 | 586572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series 10Y | 4.200 | 03/01/34 | EUR | 250 | 301770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series 11Y | 3.850 | 02/01/35 | EUR | 3085 | 3601085 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series 26Y, 144A | 3.350 | 03/01/35 | EUR | 1285 | 1443757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series VALR | 4.100(cc) | 10/10/28 | EUR | 1000 | 1200594 |
| &nbsp;&nbsp; Region of Lazio, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.088 | 03/31/43 | EUR | 6070 | 6407126 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 39 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **SOVEREIGN BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **Italy (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; Region of Lombardy, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.804% | 10/25/32 |  | 2700 | $2545764 |
| &nbsp;&nbsp; Region of Umbria, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 6 Month EURIBOR + 0.200% | 2.599(c) | 03/26/31 | EUR | 654 | 702741 |
| &nbsp;&nbsp; Repubic of Italy Government International Bond Coupon Strips, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.812(s) | 02/20/31 | EUR | 5458 | 5103562 |
| &nbsp;&nbsp; Republic of Italy Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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 | 7892 | 9275719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 4.425 | 03/28/36 | EUR | 1400 | 1650578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 5.200 | 07/31/34 | EUR | 1635 | 2059786 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 5.250 | 12/07/34 | GBP | 17018 | 21478988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 5.345 | 01/27/48 | EUR | 2100 | 2557329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series 10Y | 2.875 | 10/17/29 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3300 | 3101825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series 30Y | 3.875 | 05/06/51 |  | 1492 | 1027141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series 30Y, MTN | 5.375 | 06/15/33 |  | 5900 | 6145767 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series 67, EMTN, EURIBOR ICE SWAP 11:00 Fft 10Y Index + 0.000% (Cap 8.800%, Floor N/A) | 2.787(c) | 05/11/26 | EUR | 3000 | 3396250 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73229738 |
| &nbsp;&nbsp; **Japan 0.2%** |  |  |  |  |  |
| &nbsp;&nbsp; Japan Government Twenty Year Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 159 | 0.600 | 12/20/36 | JPY | 350000 | 2204785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 189 | 1.900 | 06/20/44 | JPY | 377000 | 2515319 |
|  |  |  |  |  | 4720104 |
| &nbsp;&nbsp; **Malta 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Malta Government Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 16Y | 1.200 | 05/13/37 | EUR | 1000 | 871944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series I | 1.000 | 04/23/31 | EUR | 2500 | 2453835 |
|  |  |  |  |  | 3325779 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 40 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **SOVEREIGN BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **Mexico 0.9%** |  |  |  |  |  |
| &nbsp;&nbsp; Mexican Udibonos, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series S | 3.250% | 11/12/43 | MXN | 10 | $334790 |
| &nbsp;&nbsp; Mexico Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.125 | 01/17/30 | EUR | 10100 | 10143829 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.450 | 10/25/33 | EUR | 4825 | 4182857 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.875 | 04/08/39 | EUR | 5000 | 4269428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.000 | 03/15/2115 | EUR | 950 | 705454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 5.625 | 03/19/2114 | GBP | 340 | 314917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series 28 | 2.000 | 04/20/38 | JPY | 300000 | 1823752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series A, MTN | 7.500 | 04/08/33 |  | 875 | 954738 |
|  |  |  |  |  | 22729765 |
| &nbsp;&nbsp; **New Zealand 0.2%** |  |  |  |  |  |
| &nbsp;&nbsp; New Zealand Government Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unsec'd. Notes, Series 528 | 0.250 | 05/15/28 | NZD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8000 | 4314626 |
| &nbsp;&nbsp; **Norway 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Norway Government Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series 479, 144A | 1.750 | 02/17/27 | NOK | 22000 | 2045204 |
| &nbsp;&nbsp; **Panama 0.6%** |  |  |  |  |  |
| &nbsp;&nbsp; Panama Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.875 | 01/31/36 |  | 300 | 290718 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 8.125 | 04/28/34 |  | 14336 | 15002767 |
|  |  |  |  |  | 15293485 |
| &nbsp;&nbsp; **Peru 0.5%** |  |  |  |  |  |
| &nbsp;&nbsp; Peru Government Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 5.940 | 02/12/29 | PEN | 6000 | 1720458 |
| &nbsp;&nbsp; Peruvian Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.250 | 03/11/33 | EUR | 1200 | 1118545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.750 | 03/01/30 | EUR | 9408 | 10954274 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13793277 |
| &nbsp;&nbsp; **Philippines 1.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Philippine Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 0.700 | 02/03/29 | EUR | 5365 | 5583924 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 41 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **SOVEREIGN BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **Philippines (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; Philippine Government International Bond, (cont'd.) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.200% | 04/28/33 | EUR | 1350 | $1271270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.750 | 04/28/41 | EUR | 1085 | 870002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 0.875 | 05/17/27 | EUR | 4000 | 4368542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series 11 | 0.990 | 08/15/28 | JPY | 800000 | 5477130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series 15 | 0.590 | 08/15/29 | JPY | 1700000 | 11327388 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28898256 |
| &nbsp;&nbsp; **Poland 0.2%** |  |  |  |  |  |
| &nbsp;&nbsp; Republic of Poland Government Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 0428 | 2.750 | 04/25/28 | PLN | 1000 | 252539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 0429 | 5.750 | 04/25/29 | PLN | 1000 | 274979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 0432 | 1.750 | 04/25/32 | PLN | 1000 | 215845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 0527 | 3.750 | 05/25/27 | PLN | 1000 | 261526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 0726 | 2.500 | 07/25/26 | PLN | 1000 | 258981 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 0727 | 2.500 | 07/25/27 | PLN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | 254107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 0728 | 7.500 | 07/25/28 | PLN | 5000 | 1441354 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 0729 | 4.750 | 07/25/29 | PLN | 1000 | 265500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 1026 | 0.250 | 10/25/26 | PLN | 1000 | 249423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 1029 | 2.750 | 10/25/29 | PLN | 1000 | 245407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 1030 | 1.250 | 10/25/30 | PLN | 1000 | 221408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 1033 | 6.000 | 10/25/33 | PLN | 1000 | 280233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 1034 | 5.000 | 10/25/34 | PLN | 1000 | 260439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unsec'd. Notes | 1.750 | 08/25/31 | PLN | 415 | 103336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 1025 | 5.022(s) | 10/25/25 | PLN | 1000 | 258965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 0426 | 5.048(s) | 04/25/26 | PLN | 1000 | 252989 |
| &nbsp;&nbsp; Republic of Poland Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 3.220 | 08/04/34 | JPY | 100000 | 777871 |
|  |  |  |  |  | 5874902 |
| &nbsp;&nbsp; **Portugal 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Autonomous Region of the Azores, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 0.491 | 10/01/27 | EUR | 400 | 430796 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.006 | 06/15/29 | EUR | 300 | 316046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.095 | 09/27/36 | EUR | 600 | 508064 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.163 | 04/06/32 | EUR | 500 | 525867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.720 | 10/17/28 | EUR | 400 | 468328 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 42 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **SOVEREIGN BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **Portugal (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; Regiao Autonoma Madeira, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.141% | 12/04/34 | EUR | 1000 | $893567 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3142668 |
| &nbsp;&nbsp; **Romania 0.8%** |  |  |  |  |  |
| &nbsp;&nbsp; Romania Government Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 04Y | 3.500 | 11/25/25 | RON | 500 | 111749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 04Y | 7.200 | 10/28/26 | RON | 500 | 113898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 04Y | 7.200 | 05/31/27 | RON | 500 | 113684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 05Y | 3.250 | 06/24/26 | RON | 500 | 109487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 05Y | 4.250 | 04/28/36 | RON | 500 | 88322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 05Y | 6.300 | 04/25/29 | RON | 500 | 109304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 06Y | 8.750 | 10/30/28 | RON | 500 | 118358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 07Y | 2.500 | 10/25/27 | RON | 500 | 101987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 07Y | 4.850 | 04/22/26 | RON | 500 | 111738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 07Y | 8.000 | 04/29/30 | RON | 500 | 116214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 08Y | 4.150 | 01/26/28 | RON | 500 | 105306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 08Y | 4.850 | 07/25/29 | RON | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 | 103452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 08Y | 7.350 | 04/28/31 | RON | 500 | 113032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 10Y | 4.150 | 10/24/30 | RON | 500 | 97381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 10Y | 5.000 | 02/12/29 | RON | 500 | 105047 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 10Y | 6.700 | 02/25/32 | RON | 500 | 109280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 10Y | 7.200 | 10/30/33 | RON | 500 | 111832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 10Y | 8.250 | 09/29/32 | RON | 500 | 118453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 11Y | 7.100 | 07/31/34 | RON | 500 | 110619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 15Y | 3.650 | 09/24/31 | RON | 500 | 92233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 15Y | 4.750 | 10/11/34 | RON | 500 | 93243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 15Y | 5.800 | 07/26/27 | RON | 500 | 110540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 15Y | 7.900 | 02/24/38 | RON | 500 | 120544 |
| &nbsp;&nbsp; Romanian Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A, MTN | 2.124 | 07/16/31 | EUR | 3600 | 3318684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A, MTN | 2.500 | 02/08/30 | EUR | 4150 | 4220899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A, MTN | 2.875 | 05/26/28 | EUR | 1100 | 1205823 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 2.124 | 07/16/31 | EUR | 2000 | 1843713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 2.375 | 04/19/27 | EUR | 1000 | 1111326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 3.375 | 02/08/38 | EUR | 2138 | 1721920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 3.500 | 04/03/34 | EUR | 1000 | 908047 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 3.875 | 10/29/35 | EUR | 1000 | 908410 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 43 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **SOVEREIGN BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **Romania (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; Romanian Government International Bond, (cont'd.) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 4.125% | 03/11/39 | EUR | 2966 | $2542067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, MTN | 2.875 | 05/26/28 | EUR | 700 | 767342 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21033934 |
| &nbsp;&nbsp; **Saudi Arabia 0.6%** |  |  |  |  |  |
| &nbsp;&nbsp; Saudi Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.000 | 07/09/39 | EUR | 16656 | 14581958 |
| &nbsp;&nbsp; **Serbia 1.2%** |  |  |  |  |  |
| &nbsp;&nbsp; Serbia International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.500 | 06/26/29 | EUR | 6000 | 6087415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.125 | 12/01/30 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9015 | 7500480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.125 | 05/15/27 | EUR | 15595 | 17451482 |
|  |  |  |  |  | 31039377 |
| &nbsp;&nbsp; **Slovakia 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Slovakia Government Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 247 | 3.625 | 06/08/33 | EUR | 1530 | 1782087 |
| &nbsp;&nbsp; **Slovenia 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Slovenia Government Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series RS86 | 0.000 | 02/12/31 | EUR | 100 | 98112 |
| &nbsp;&nbsp; Slovenia Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 5.000 | 09/19/33 |  | 3200 | 3253440 |
|  |  |  |  |  | 3351552 |
| &nbsp;&nbsp; **South Africa 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Republic of South Africa Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.750 | 07/24/26 | EUR | 2200 | 2497878 |
| &nbsp;&nbsp; **Spain 2.5%** |  |  |  |  |  |
| &nbsp;&nbsp; Autonomous Community of Catalonia, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.690 | 10/28/34 | EUR | 598 | 713168 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 44 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **SOVEREIGN BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **Spain (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; Autonomous Community of Catalonia, (cont'd.) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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 | 1000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1241275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 5.900 | 05/28/30 | EUR | 3250 | 4054041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 6.350 | 11/30/41 | EUR | 2100 | 2841742 |
| &nbsp;&nbsp; Spain Government Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 1.000 | 10/31/50 | EUR | 10600 | 6568311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 1.200 | 10/31/40 | EUR | 2500 | 2030583 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 1.850 | 07/30/35 | EUR | 7225 | 7274979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 3.450 | 07/30/66 | EUR | 4200 | 4232595 |
| &nbsp;&nbsp; Spain Government Bond Coupon Strips, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 0.320(s) | 01/31/33 | EUR | 2100 | 1907404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 0.449(s) | 07/30/29 | EUR | 438 | 449540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series CAC(k) | 0.579(s) | 07/30/29 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3600 | 3684233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 0.958(s) | 01/31/35 | EUR | 168 | 138286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.027(s) | 01/31/36 | EUR | 168 | 131898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.078(s) | 01/31/37 | EUR | 168 | 126433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series CAC | 1.128(s) | 07/30/36 | EUR | 862 | 674049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series CAC | 1.212(s) | 07/30/37 | EUR | 862 | 646710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.296(s) | 07/30/41 | EUR | 436 | 265636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series CAC | 1.297(s) | 07/30/38 | EUR | 862 | 622257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series CAC | 1.365(s) | 07/30/42 | EUR | 300 | 177707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series CAC | 1.405(s) | 07/30/43 | EUR | 300 | 165489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series CAC | 1.455(s) | 07/30/44 | EUR | 300 | 161563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series CAC | 1.475(s) | 07/30/45 | EUR | 300 | 155677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series CAC | 1.485(s) | 07/30/46 | EUR | 300 | 150119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series CAC | 1.504(s) | 07/30/47 | EUR | 300 | 144806 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series CAC | 1.514(s) | 07/30/48 | EUR | 300 | 139770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series CAC | 1.544(s) | 07/30/49 | EUR | 300 | 134711 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series CAC | 1.564(s) | 07/30/50 | EUR | 300 | 125658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series CAC | 1.594(s) | 07/30/51 | EUR | 300 | 119602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series CAC | 1.623(s) | 07/30/52 | EUR | 300 | 113763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series CAC | 1.663(s) | 07/30/53 | EUR | 300 | 106748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series CAC | 1.683(s) | 07/30/54 | EUR | 300 | 97960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series CAC | 1.703(s) | 07/30/55 | EUR | 300 | 98317 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series CAC | 1.732(s) | 07/30/56 | EUR | 300 | 89228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series CAC | 1.772(s) | 07/30/57 | EUR | 300 | 85015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series CAC | 1.782(s) | 07/30/58 | EUR | 300 | 83750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series CAC | 1.812(s) | 07/30/59 | EUR | 300 | 79834 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 45 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **SOVEREIGN BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **Spain (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; Spain Government Bond Coupon Strips, (cont'd.) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series CAC | 1.851%(s) | 07/30/60 | EUR | 300 | $77654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series CAC | 1.871(s) | 07/30/61 | EUR | 300 | 72338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series CAC | 1.891(s) | 07/30/62 | EUR | 300 | 69558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series CAC | 1.921(s) | 07/30/63 | EUR | 300 | 66598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series CAC | 1.950(s) | 07/30/64 | EUR | 300 | 63597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series CAC | 1.980(s) | 07/30/65 | EUR | 300 | 60161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series CAC | 2.010(s) | 07/30/66 | EUR | 300 | 54760 |
| &nbsp;&nbsp; Spain Government Bond Principal Strips, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 0.794(s) | 07/30/41 | EUR | 1700 | 1030703 |
| &nbsp;&nbsp; Spain Government Inflation-Linked Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 1.150 | 11/30/36 | EUR | 102 | 112291 |
| &nbsp;&nbsp; Spain Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 5.250 | 04/06/29 | GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16080 | 21962347 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63402864 |
| &nbsp;&nbsp; **Sweden 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Svensk Exportkredit AB, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 8.904(s) | 06/25/27 | ZAR | 1400 | 63569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 10.550(s) | 03/30/32 | MXN | 43890 | 1186253 |
| &nbsp;&nbsp; Sweden Government Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 1053 | 3.500 | 03/30/39 | SEK | 10000 | 1156391 |
|  |  |  |  |  | 2406213 |
| &nbsp;&nbsp; **Tunisia 0.0%** |  |  |  |  |  |
| &nbsp;&nbsp; Tunisian Republic, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.200 | 03/17/31 | JPY | 100000 | 571758 |
| &nbsp;&nbsp; **Turkey 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Turkiye Government Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 2.480 | 05/02/29 | TRY | 4142 | 101257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, BIST Index + 0.000% | 47.271(c) | 09/06/28 | TRY | 43092 | 1075768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 04Y, BIST Index + 0.000% | 47.377(c) | 05/17/28 | TRY | 47324 | 1191252 |
|  |  |  |  |  | 2368277 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 46 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **SOVEREIGN BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **United Arab Emirates 0.3%** |  |  |  |  |  |
| &nbsp;&nbsp; Finance Department Government of Sharjah, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.625% | 01/17/31 | EUR | 2000 | $2274196 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A, MTN | 4.625 | 01/17/31 | EUR | 3600 | 4093554 |
|  |  |  |  |  | 6367750 |
| &nbsp;&nbsp; **United Kingdom 2.6%** |  |  |  |  |  |
| &nbsp;&nbsp; HM Treasury UK Sovereign Sukuk PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unsec'd. Notes(k) | 0.333 | 07/22/26 | GBP | 500 | 639210 |
| &nbsp;&nbsp; Jersey International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.750 | 06/09/54 | GBP | 834 | 808596 |
| &nbsp;&nbsp; United Kingdom Gilt, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 0.875 | 01/31/46 | GBP | 100 | 62114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 1.125 | 01/31/39 | GBP | 100 | 85008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 1.250 | 10/22/41 | GBP | 100 | 78704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 1.250 | 07/31/51 | GBP | 100 | 59073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 1.500 | 07/22/47 | GBP | 100 | 69909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 1.625 | 10/22/71 | GBP | 100 | 56024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 1.750 | 01/22/49 | GBP | 100 | 71982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 1.750 | 07/22/57 | GBP | 100 | 63377 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 2.500 | 07/22/65 | GBP | 100 | 75403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 3.250 | 01/22/44 | GBP | 100 | 103884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 3.500 | 07/22/68 | GBP | 100 | 97320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 3.750 | 07/22/52 | GBP | 100 | 105427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.000 | 01/22/60 | GBP | 100 | 108427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.250 | 03/07/36 | GBP | 300 | 390183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.250 | 09/07/39 | GBP | 180 | 226083 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.250 | 12/07/40 | GBP | 100 | 124141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.250 | 12/07/46 | GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4475 | 5265766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.250 | 12/07/49 | GBP | 100 | 116072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.250 | 12/07/55 | GBP | 100 | 114027 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds(k) | 4.500 | 06/07/28 | GBP | 40700 | 55356625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.500 | 12/07/42 | GBP | 100 | 125448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.750 | 12/07/38 | GBP | 100 | 133601 |
| &nbsp;&nbsp; United Kingdom Inflation-Linked Gilt Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 0.125 | 03/22/44 | GBP | 163 | 152383 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64488787 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 47 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **SOVEREIGN BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **Uruguay 0.0%** |  |  |  |  |  |
| &nbsp;&nbsp; Uruguay Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series 8 | 1.320% | 12/09/36 | JPY | 100000 | $613722 |
| &nbsp;&nbsp; **Vietnam 1.3%** |  |  |  |  |  |
| &nbsp;&nbsp; Vietnam Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, Series 30Y | 5.500(cc) | 03/12/28 |  | 34792 | 33092526 |
| &nbsp;&nbsp; **TOTAL SOVEREIGN BONDS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $952,746,486) |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;859998209 |
| &nbsp;&nbsp; **U.S. GOVERNMENT AGENCY OBLIGATION 0.8%** |  |  |  |  |  |
| &nbsp;&nbsp; Federal National Mortgage Assoc. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $23,807,224) | 5.375 | 12/07/28 | GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15000 | 20698464 |
| &nbsp;&nbsp; **U.S. TREASURY OBLIGATIONS 4.3%** |  |  |  |  |  |
| &nbsp;&nbsp; U.S. Treasury Bonds(k) | 1.125 | 08/15/40 |  | 160 | 99100 |
| &nbsp;&nbsp; U.S. Treasury Bonds | 1.250 | 05/15/50 |  | 1000 | 486563 |
| &nbsp;&nbsp; U.S. Treasury Bonds | 1.375 | 08/15/50 |  | 1000 | 499063 |
| &nbsp;&nbsp; U.S. Treasury Bonds | 1.625 | 11/15/50 |  | 1000 | 533125 |
| &nbsp;&nbsp; U.S. Treasury Bonds | 1.875 | 02/15/51 |  | 1000 | 568438 |
| &nbsp;&nbsp; U.S. Treasury Bonds | 1.875 | 11/15/51 |  | 1000 | 563281 |
| &nbsp;&nbsp; U.S. Treasury Bonds | 2.000 | 02/15/50 |  | 1000 | 594062 |
| &nbsp;&nbsp; U.S. Treasury Bonds | 2.000 | 08/15/51 |  | 1000 | 583750 |
| &nbsp;&nbsp; U.S. Treasury Bonds(k) | 2.250 | 05/15/41 |  | 545 | 399042 |
| &nbsp;&nbsp; U.S. Treasury Bonds | 2.250 | 08/15/49 |  | 1000 | 633906 |
| &nbsp;&nbsp; U.S. Treasury Bonds | 2.250 | 02/15/52 |  | 1000 | 618437 |
| &nbsp;&nbsp; U.S. Treasury Bonds | 2.375 | 11/15/49 |  | 1000 | 650000 |
| &nbsp;&nbsp; U.S. Treasury Bonds(h)(k) | 2.375 | 05/15/51 |  | 45110 | 28947933 |
| &nbsp;&nbsp; U.S. Treasury Bonds | 2.875 | 05/15/49 |  | 3000 | 2175469 |
| &nbsp;&nbsp; U.S. Treasury Bonds | 2.875 | 05/15/52 |  | 1000 | 712656 |
| &nbsp;&nbsp; U.S. Treasury Bonds | 3.000 | 02/15/49 |  | 3000 | 2233125 |
| &nbsp;&nbsp; U.S. Treasury Bonds | 3.000 | 08/15/52 |  | 1000 | 731562 |
| &nbsp;&nbsp; U.S. Treasury Bonds(h)(k) | 3.375 | 11/15/48 |  | 41310 | 33002817 |
| &nbsp;&nbsp; U.S. Treasury Bonds | 3.625 | 02/15/53 |  | 1000 | 827812 |
| &nbsp;&nbsp; U.S. Treasury Bonds | 3.625 | 05/15/53 |  | 1000 | 828125 |
| &nbsp;&nbsp; U.S. Treasury Bonds | 4.000 | 11/15/52 |  | 1000 | 887344 |
| &nbsp;&nbsp; U.S. Treasury Bonds(k) | 4.125 | 08/15/44 |  | 21410 | 19844394 |
| &nbsp;&nbsp; U.S. Treasury Bonds | 4.125 | 08/15/53 |  | 1000 | 906719 |
| &nbsp;&nbsp; U.S. Treasury Bonds | 4.250 | 02/15/54 |  | 1000 | 926406 |
| &nbsp;&nbsp; U.S. Treasury Bonds | 4.625 | 11/15/44 |  | 2390 | 2367594 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 48 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **U.S. TREASURY OBLIGATIONS (Continued)** |  |  |  |  |
| &nbsp;&nbsp; U.S. Treasury Bonds | 4.625% | 05/15/54 | 1000 | $986875 |
| &nbsp;&nbsp; U.S. Treasury Bonds | 4.750 | 11/15/53 | 3260 | 3279356 |
| &nbsp;&nbsp; U.S. Treasury Notes | 1.875 | 02/15/32 | 1415 | 1242547 |
| &nbsp;&nbsp; U.S. Treasury Notes | 2.875 | 05/15/32 | &nbsp;&nbsp;&nbsp;&nbsp;2035 | 1901771 |
| &nbsp;&nbsp; U.S. Treasury Strips Coupon | 1.872(s) | 05/15/31 | 85 | 66905 |
| &nbsp;&nbsp; U.S. Treasury Strips Coupon | 1.888(s) | 08/15/29 | 345 | 293618 |
| &nbsp;&nbsp; U.S. Treasury Strips Coupon(h) | 2.089(s) | 11/15/35 | 800 | 504244 |
| &nbsp;&nbsp; U.S. Treasury Strips Coupon(h) | 2.251(s) | 08/15/40 | 800 | 383832 |
| &nbsp;&nbsp; **TOTAL U.S. TREASURY OBLIGATIONS** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $114,489,522) |  |  |  | 109279871 |
|  |  |  | **Shares** |  |
| &nbsp;&nbsp; **AFFILIATED EXCHANGE-TRADED FUND 0.3%** |  |  |  |  |
| &nbsp;&nbsp; **United States** |  |  |  |  |
| &nbsp;&nbsp; PGIM AAA CLO ETF |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $7,319,579)(wa) |  |  | 143700 | 7356003 |
| &nbsp;&nbsp; **COMMON STOCKS 0.2%** |  |  |  |  |
| &nbsp;&nbsp; **Jamaica 0.0%** |  |  |  |  |
| &nbsp;&nbsp; Digicel International Finance Ltd.\* |  |  | 59495 | 416465 |
| &nbsp;&nbsp; **Spain 0.0%** |  |  |  |  |
| &nbsp;&nbsp; Codere Group Topco SA (Class A1 Stock)\*^ |  |  | 5833 | 128854 |
| &nbsp;&nbsp; Codere Group Topco SA (Class A2 Stock)\*^ |  |  | 8212 | 181408 |
|  |  |  |  | 310262 |
| &nbsp;&nbsp; **United States 0.2%** |  |  |  |  |
| &nbsp;&nbsp; Diamond Sports Group LLC\* |  |  | 44198 | 632031 |
| &nbsp;&nbsp; Expand Energy Corp. |  |  | 23063 | 2396246 |
| &nbsp;&nbsp; Ferrellgas Partners LP (Class B Stock)\*(x) |  |  | 2731 | 445734 |
|  |  |  |  | 3474011 |
| &nbsp;&nbsp; **TOTAL COMMON STOCKS** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $607,056) |  |  |  | 4200738 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 49 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | |
|:---|:---|:---|
| **Description** | **Shares** | **Value** |
| &nbsp;&nbsp; **PREFERRED STOCKS 0.0%** | &nbsp;&nbsp; **PREFERRED STOCKS 0.0%** | &nbsp;&nbsp; **PREFERRED STOCKS 0.0%** |
| &nbsp;&nbsp; **Jamaica 0.0%** | &nbsp;&nbsp; **Jamaica 0.0%** | &nbsp;&nbsp; **Jamaica 0.0%** |
| &nbsp;&nbsp; Digicel International Finance Ltd.\*^ |  |  |
|  | 3857 | $44505 |
| &nbsp;&nbsp; **United States 0.0%** |  |  |
| &nbsp;&nbsp; Citigroup Capital XIII |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.911%(c), 3 Month SOFR + 6.632%, Maturing 10/30/40 | 4000 | 119200 |
| &nbsp;&nbsp; Ferrellgas Escrow LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.956%, Maturing 03/30/31^(x) | 633 | 633000 |
|  |  | 752200 |
| &nbsp;&nbsp; **TOTAL PREFERRED STOCKS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $752,880) |  | 796705 |
|  | **Units** |  |
| &nbsp;&nbsp; **WARRANTS\* 0.0%** |  |  |
| &nbsp;&nbsp; **Spain 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Codere Group Topco SA (Spain), expiring 09/30/34^ | 21 | 190 |
| &nbsp;&nbsp; **United States 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diamond Sports Group LLC, expiring 06/30/26 | 82206 | 22262 |
| &nbsp;&nbsp; **TOTAL WARRANTS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $815) |  | 22452 |
| &nbsp;&nbsp; **TOTAL LONG-TERM INVESTMENTS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $2,661,785,260) |  | 2489970648 |
|  | **Shares** |  |
| &nbsp;&nbsp; **SHORT-TERM INVESTMENTS 0.6%** |  |  |
| &nbsp;&nbsp; **AFFILIATED MUTUAL FUNDS 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PGIM Core Government Money Market Fund (7-day effective yield 4.478%)(wa) | 3190289 | 3190289 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 50 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | |
|:---|:---|:---|
| **Description**<br>| **Shares** | **Value** |
| &nbsp;&nbsp; **AFFILIATED MUTUAL FUNDS (Continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PGIM Institutional Money Market Fund (7-day effective yield 4.540%)<br> (cost $11,565,534; includes $11,520,579 of cash collateral for securities on loan)(b)(wa) | 11573973 | $11565872 |
| &nbsp;&nbsp; **TOTAL AFFILIATED MUTUAL FUNDS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $14,755,823) |  | 14756161 |
| &nbsp;&nbsp; **OPTIONS PURCHASED\*~ 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $165,116) |  | 349059 |
| &nbsp;&nbsp; **TOTAL SHORT-TERM INVESTMENTS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $14,920,939) |  | 15105220 |
| &nbsp;&nbsp; **TOTAL INVESTMENTS, BEFORE OPTIONS WRITTEN 99.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $2,676,706,199) |  | 2505075868 |
| &nbsp;&nbsp; **OPTIONS WRITTEN\*~ (0.0)%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (premiums received $461,614) |  | (787596) |
| &nbsp;&nbsp; **TOTAL INVESTMENTS, NET OF OPTIONS WRITTEN 99.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $2,676,244,585) |  | 2504288272 |
| &nbsp;&nbsp; Other assets in excess of liabilities(z) 1.0% |  | 24973826 |
| &nbsp;&nbsp; **NET ASSETS 100.0%** |  | $2529262098 |

---

See the Glossary for a list of the abbreviation(s) used in the semiannual report.

\* 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 $40,111,508 and 1.6% of net assets.  |

---

(a) All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $11,115,363; cash collateral of $11,520,579 (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 April 30, 2025.

(cc) Variable rate instrument. The rate shown is based on the latest available information as of April 30, 2025. 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.

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 51 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

(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.

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

(x) The following represents restricted securities that are 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.

(x) Restricted Securities:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Issuer Description** | **Acquisition<br>Date** | **Original**<br>**Cost** | **Market**<br>**Value** | **Percentage<br>of<br>Net Assets** |
|  20 Times Square Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-20TS, Class G, 144A, 3.203%(cc), 05/15/35 | 05/09/18 | $909111 | $785000 | 0.1% |
|  20 Times Square Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-20TS, Class H, 144A, 3.203%(cc), 05/15/35 | 05/09/18 | 885052 | 735000 | 0.0 |
|  Ferrellgas Escrow LLC, 8.956%^03/30/31 | 06/26/24 | 639330 | 633000 | 0.0 |
|  Ferrellgas Partners LP (Class B Stock)\* | 10/20/14 | 749975 | 445734 | 0.0 |
|  Greystone Commercial Capital Trust, Sr. Unsec'd. Notes, Series A, 144A, 1 Month LIBOR + 2.270%^, 7.230%(c), 05/31/25(d) | 05/18/21 | 19079706 | 16980939 | 0.7 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | $22263174 | $19579673 | 0.8% |

---

(z) Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments:

#### Options Purchased:

#### OTC Swaptions

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Counterparty** | **Expiration**<br>**Date** | **Strike** | **Receive** | **Pay** | **Notional**<br>**Amount**<br>**(000)#** | **Value** |
|  3-Year Interest Rate Swap, 07/29/28<br> Call | JPM | 07/25/25 | 2.90% | 2.90%(A) | 1 Day SOFR(A)/<br>4.410% | 21640 | $72303 |
|  5-Year Interest Rate Swap, 06/27/30<br> Call | CITI | 06/25/25 | 3.40% | 3.40%(A) | 1 Day SOFR(A)/<br>4.410% | 13220 | 127942 |
|  10-Year Interest Rate Swap, 09/29/35<br> Call | DB | 09/25/25 | 3.53% | 3.53%(A) | 1 Day SOFR(A)/<br>4.410% | 6525 | 116890 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 52 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

#### Options Purchased (continued):

#### OTC Swaptions

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Call/**<br>**Put** | **Counterparty** | **Expiration**<br>**Date** | **Strike** | **Receive** | **Pay** | **Notional**<br>**Amount**<br>**(000)#** | **Value** |
|  3-Year Interest Rate Swap, 08/12/28 | Put | JPM | 08/07/25 | 1.02% | 1 Day TONAR(A)/<br>0.476% | 1.02%(A) | JPY 6,662,700 | $24396 |
|  3-Year Interest Rate Swap, 08/12/28 | Put | JPM | 08/07/25 | 1.52% | 1 Day TONAR(A)/<br>0.476% | 1.52%(A) | JPY 6,662,700 | 1151 |
|  10-Year Interest Rate Swap, 05/23/35 | Put | CITI | 05/21/25 | 4.10% | 1 Day SOFR(A)/<br>4.410% | 4.10%(A) | 15750 | 6214 |
|  10-Year Interest Rate Swap, 05/23/35 | Put | CITI | 05/21/25 | 4.50% | 1 Day SOFR(A)/<br>4.410% | 4.50%(A) | 15750 | 163 |
|  **Total Options Purchased** (cost $165,116) | **Total Options Purchased** (cost $165,116) | **Total Options Purchased** (cost $165,116) |  |  |  |  |  | $349059 |

---

#### Options Written:

#### Exchange Traded

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Call/**<br>**Put** | **Expiration**<br>**Date** | **Strike** | **Contracts** | **Notional**<br>**Amount**<br>**(000)#** | **Value** |
|  3 Month SOFR | Call | 12/12/25 | $96.25 | 228 | 570 | $(337725) |
|  3 Month SOFR | Call | 12/12/25 | $99.75 | 50 | 125 | (625) |
|  3 Month SOFR | Call | 12/12/25 | $100.00 | 30 | 75 | (188) |
|  3 Month SOFR | Put | 12/12/25 | $96.25 | 228 | 570 | (88350) |
|  **Total Exchange Traded** (premiums received $359,940) |  |  |  |  |  | $(426888) |

---

#### OTC Traded

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Call/**<br>**Put** | **Counterparty** | **Expiration**<br>**Date** | **Strike** | **Contracts** | **Notional<br>Amount<br>(000)#** | **Value** |
|  Israel GAP^ | Put | MSI | 04/24/26 | $85.00 |  | 5000 | $(155) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (premiums received $11,208) |  |  |  |  |  |  |  |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 53 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

#### Options Written (continued):

#### OTC Swaptions

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Call/**<br>**Put** | **Counterparty** | **Expiration**<br>**Date** | **Strike** | **Receive** | **Pay** | **Notional**<br>**Amount**<br>**(000)#** | **Value** |
|  3-Year Interest Rate Swap, 07/29/28 | Call | JPM | 07/25/25 | 3.05% | 1 Day SOFR(A)/<br>4.410% | 3.05%(A) | 21640 | $(99960) |
|  5-Year Interest Rate Swap, 06/27/30 | Call | CITI | 06/25/25 | 3.15% | 1 Day SOFR(A)/<br>4.410% | 3.15%(A) | 26440 | (130634) |
|  10-Year Interest Rate Swap, 09/29/35 | Call | DB | 09/25/25 | 3.21% | 1 Day SOFR(A)/<br>4.410% | 3.21%(A) | 13050 | (117355) |
|  3-Year Interest Rate Swap, 08/12/28 | Put | JPM | 08/07/25 | 1.27% | 1.27%(A) | 1 Day TONAR(A)/<br>0.476% | JPY 13,325,400 | (10491) |
|  10-Year Interest Rate Swap, 05/23/35 | Put | CITI | 05/21/25 | 4.30% | 4.30%(A) | 1 Day SOFR(A)/<br>4.410% | 31500 | (2113) |
|  **Total OTC Swaptions** (premiums received $90,466) | **Total OTC Swaptions** (premiums received $90,466) | **Total OTC Swaptions** (premiums received $90,466) | **Total OTC Swaptions** (premiums received $90,466) | **Total OTC Swaptions** (premiums received $90,466) |  |  |  | $(360553) |
|  **Total Options Written** (premiums received $461,614) | **Total Options Written** (premiums received $461,614) | **Total Options Written** (premiums received $461,614) | **Total Options Written** (premiums received $461,614) |  |  |  |  | $(787596) |

---

#### Futures contracts outstanding at April 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Number<br>of<br>Contracts** | **Type** | **Expiration<br>Date** | **Current<br>Notional<br>Amount** | **Value /<br>Unrealized<br>Appreciation<br>(Depreciation)** |
|  **Long Positions:** | **Long Positions:** |  |  |  |
| 2330 | 5 Year U.S. Treasury Notes | Jun. 2025 | $254425072 | $5250141 |
| 179 | 10 Year Euro-Bund | Jun. 2025 | 26722368 | 387195 |
| 669 | 10 Year U.S. Treasury Notes | Jun. 2025 | 75074344 | 1796569 |
| 888 | 20 Year U.S. Treasury Bonds | Jun. 2025 | 103563000 | (345375) |
| 26 | 30 Year Euro Buxl | Jun. 2025 | 3655254 | (151419) |
| 50 | 30 Year U.S. Ultra Treasury Bonds | Jun. 2025 | 6051563 | 128707 |
| 1973 | Japanese Yen Currency | Jun. 2025 | 173660994 | 6404133 |
| 100 | Swedish Krona Currency | Jun. 2025 | 39892775 | (73105) |
|  |  |  |  | 13396846 |
|  **Short Positions:** | **Short Positions:** |  |  |  |
| 100 | 30 Day Federal Funds | Jun. 2025 | 39899025 | 70685 |
| 349 | 3 Month CME SOFR | Sep. 2025 | 83685838 | 353497 |
| 349 | 3 Month CME SOFR | Dec. 2025 | 84078463 | 69168 |
| 628 | 2 Year U.S. Treasury Notes | Jun. 2025 | 130717219 | (782580) |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 54 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

#### Futures contracts outstanding at April 30, 2025 (continued):

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Number**<br> **of**<br> **Contracts** | **Type** | **Expiration**<br>**Date** | **Current** <br>**Notional** <br>**Amount** | **Value /**<br>**Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
|  **Short Positions (cont'd):** | **Short Positions (cont'd):** |  |  |  |
| 457 | 5 Year Euro-Bobl | Jun. 2025 | $61933940 | $(372783) |
| 20 | 10 Year U.S. Micro Ultra Treasury Notes | May 2025 | 229469 | (6160) |
| 379 | 10 Year U.S. Ultra Treasury Notes | Jun. 2025 | 43484330 | (463412) |
| 1470 | British Pound Currency | Jun. 2025 | 122579625 | (5816705) |
| 484 | Euro Currency | Jun. 2025 | 68849000 | (4966629) |
| 89 | Euro Schatz Index | Jun. 2025 | 10845600 | (3264) |
|  |  |  |  | (11918183) |
|  |  |  |  | $1478663 |

---

#### Forward foreign currency exchange contracts outstanding at April 30, 2025:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Purchase**<br> **Contracts** | **Counterparty** | **Notional**<br>**Amount**<br>**(000)** | **Notional**<br>**Amount**<br>**(000)** | **Value at**<br>**Settlement**<br>**Date** | **Current**<br>**Value** | **Unrealized**<br>**Appreciation** | **Unrealized**<br>**Depreciation** |
|  **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** |  |  |  |
|  Australian Dollar, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 07/22/25 | MSI | AUD | 32683 | $20790284 | $20955502 | $165218 | $— |
|  British Pound, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 07/22/25 | HSBC | GBP | 13314 | 17628518 | 17749061 | 120543 |  |
|  Canadian Dollar, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 07/22/25 | TD | CAD | 5980 | 4332110 | 4355857 | 23747 |  |
|  Chilean Peso, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 06/18/25 | CITI | CLP | 1149859 | 1235332 | 1213936 |  | (21396) |
|  China Yuan, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 06/18/25 | JPM | CNY | 353761 | 49487468 | 49116441 |  | (371027) |
|  Chinese Renminbi, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 06/18/25 | HSBC | CNH | 86485 | 12016534 | 11943237 |  | (73297) |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 06/18/25 | HSBC | CNH | 56335 | 7731031 | 7779628 | 48597 |  |
|  Danish Krone, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 07/22/25 | HSBC | DKK | 9828 | 1501788 | 1500476 |  | (1312) |
|  Euro, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 07/22/25 | CITI | EUR | 547 | 624110 | 622568 |  | (1542) |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 07/22/25 | GSI | EUR | 2231 | 2556162 | 2541102 |  | (15060) |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 07/22/25 | HSBC | EUR | 2841 | 3234134 | 3234742 | 608 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 07/22/25 | JPM | EUR | 11790 | 13452750 | 13426328 |  | (26422) |
|  Indonesian Rupiah, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 06/18/25 | BOA | IDR | 145033000 | 8832166 | 8745858 |  | (86308) |
|  Israeli Shekel, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 06/18/25 | BARC | ILS | 10107 | 2779527 | 2781077 | 1550 |  |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 55 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

#### Forward foreign currency exchange contracts outstanding at April 30, 2025 (continued):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Purchase**<br> **Contracts** | **Counterparty** | **Notional**<br>**Amount**<br>**(000)** | **Notional**<br>**Amount**<br>**(000)** | **Value at**<br>**Settlement**<br>**Date** | **Current**<br>**Value** | **Unrealized**<br>**Appreciation** | **Unrealized**<br>**Depreciation** |
|  **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** |  |  |
|  Malaysian Ringgit, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 06/18/25 | MSI | MYR | 46486 | $10575861 | $10794978 | $219117 | $— |
|  Polish Zloty, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 07/22/25 | HSBC | PLN | 3336 | 879937 | 880931 | 994 |  |
|  Singapore Dollar, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 06/18/25 | HSBC | SGD | 7532 | 5674208 | 5783295 | 109087 |  |
|  South Korean Won, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 06/18/25 | BNP | KRW | 42439486 | 29508956 | 29886330 | 377374 |  |
|  Swiss Franc, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 07/22/25 | MSI | CHF | 8701 | 10792228 | 10650120 |  | (142108) |
|  Thai Baht, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 06/18/25 | MSI | THB | 251005 | 7458620 | 7541604 | 82984 |  |
|  |  |  |  | $211091724 | $211503071 | 1149819 | (738472) |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Sale**<br> **Contracts** | **Counterparty** | **Notional**<br>**Amount**<br>**(000)** | **Notional**<br>**Amount**<br>**(000)** | **Value at**<br>**Settlement**<br>**Date** | **Current**<br>**Value** | **Unrealized**<br>**Appreciation** | **Unrealized**<br>**Depreciation** |
|  **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** |  |  |  |  |
|  Chinese Renminbi, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 06/18/25 | DB | CNH | 33149 | $4550653 | $4577805 | $— | $(27152) |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 06/18/25 | HSBC | CNH | 28296 | 3910379 | 3907516 | 2863 |  |
|  Colombian Peso, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 06/18/25 | CITI | COP | 11877279 | 2856694 | 2790877 | 65817 |  |
|  Czech Koruna, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 07/22/25 | CITI | CZK | 8210 | 373796 | 373514 | 282 |  |
|  Euro, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 07/22/25 | BNY | EUR | 6073 | 6932906 | 6915405 | 17501 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 07/22/25 | HSBC | EUR | 100939 | 111066697 | 114946121 |  | (3879424) |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 07/22/25 | MSI | EUR | 1142 | 1302371 | 1300696 | 1675 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 07/22/25 | SSB | EUR | 100289 | 114843213 | 114205892 | 637321 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 07/22/25 | TD | EUR | 100289 | 114615505 | 114205891 | 409614 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 07/22/25 | TD | EUR | 3859 | 4408217 | 4394764 | 13453 |  |
|  Japanese Yen, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 07/22/25 | SCB | JPY | 1961431 | 13879850 | 13847587 | 32263 |  |
|  Mexican Peso, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 06/18/25 | CITI | MXN | 64362 | 3123362 | 3260032 |  | (136670) |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 06/18/25 | DB | MXN | 41700 | 2018979 | 2112162 |  | (93183) |
|  South Korean Won, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 06/18/25 | DB | KRW | 3646109 | 2525356 | 2567628 |  | (42272) |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 56 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Sale**<br> **Contracts** | **Counterparty** | **Notional**<br>**Amount**<br>**(000)** | **Notional**<br>**Amount**<br>**(000)** | **Value at**<br>**Settlement**<br>**Date** | **Current**<br>**Value** | **Unrealized**<br>**Appreciation** | **Unrealized**<br>**Depreciation** |
|  **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** |  |  |  |
|  Swedish Krona, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 07/22/25 | HSBC | SEK | 86566 | $8915279 | $9001542 | $— | $(86263) |
|  Thai Baht, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 06/18/25 | DB | THB | 67626 | 1996319 | 2031876 |  | (35557) |
|  |  |  |  | $397319576 | $400439308 | 1180789 | (4300521) |
|  |  |  |  |  |  | $2330608 | $(5038993) |

---

#### Credit default swap agreements outstanding at April 30, 2025:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference**<br> **Entity/**<br> **Obligation**  | **Termination**<br>**Date** | **Fixed**<br>**Rate** | **Notional**<br>**Amount**<br>**(000)#(3)** | **Fair**<br>**Value** | **Upfront**<br>**Premiums**<br>**Paid**<br>**(Received)** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** | **Counterparty** |
|  **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*:** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*:** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*:** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*:** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*:** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*:** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*:** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*:** |
|  Arab Republic of Egypt (D01) | 06/20/30 | 1.000%(Q) | 2000 | $456774 | $54 | $456720 | MSI |
|  Dominican Republic (D01) | 06/20/30 | 1.000%(Q) | 2000 | 113449 | 54 | 113395 | MSI |
|  Emirate of Abu Dhabi (D01) | 06/20/30 | 1.000%(Q) | 2000 | (59167) | 54 | (59221) | MSI |
|  Federal Republic of Nigeria (D01) | 06/20/30 | 1.000%(Q) | 2000 | 461334 | 54 | 461280 | MSI |
|  Federation of Malaysia (D01) | 06/20/30 | 1.000%(Q) | 3000 | (54853) | 82 | (54935) | MSI |
|  Federative Republic of Brazil (D01) | 06/20/30 | 1.000%(Q) | 9000 | 318689 | 245 | 318444 | MSI |
|  Kingdom of Bahrain (D01) | 06/20/30 | 1.000%(Q) | 2000 | 122189 | 54 | 122135 | MSI |
|  Kingdom of Morocco (D01) | 06/20/30 | 1.000%(Q) | 2000 | 23631 | 54 | 23577 | MSI |
|  Kingdom of Saudi Arabia (D01) | 06/20/30 | 1.000%(Q) | 5000 | (43370) | 136 | (43506) | MSI |
|  People's Republic of China (D01) | 06/20/30 | 1.000%(Q) | 9000 | (170585) | 245 | (170830) | MSI |
|  Republic of Argentina (D01) | 06/20/30 | 1.000%(Q) | 2000 | 578210 | 54 | 578156 | MSI |
|  Republic of Chile (D01) | 06/20/30 | 1.000%(Q) | 6000 | (91423) | 163 | (91586) | MSI |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 57 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

#### Credit default swap agreements outstanding at April 30, 2025 (continued):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference**<br> **Entity/**<br> **Obligation**  | **Termination**<br>**Date** | **Fixed**<br>**Rate** | **Notional**<br>**Amount**<br>**(000)#(3)** | **Fair**<br>**Value** | **Upfront**<br>**Premiums**<br>**Paid**<br>**(Received)** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** | **Counterparty** |
|  **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*(cont'd.):** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*(cont'd.):** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*(cont'd.):** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*(cont'd.):** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*(cont'd.):** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*(cont'd.):** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*(cont'd.):** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*(cont'd.):** |
|  Republic of Colombia (D01) | 06/20/30 | 1.000%(Q) | 7000 | $504811 | $190 | $504621 | MSI |
|  Republic of Indonesia (D01) | 06/20/30 | 1.000%(Q) | 8000 | (18379) | 217 | (18596) | MSI |
|  Republic of Ivory Coast (D01) | 06/20/30 | 1.000%(Q) | 2000 | 320019 | 54 | 319965 | MSI |
|  Republic of Panama (D01) | 06/20/30 | 1.000%(Q) | 2000 | 110246 | 54 | 110192 | MSI |
|  Republic of Peru (D01) | 06/20/30 | 1.000%(Q) | 3000 | (851) | 82 | (933) | MSI |
|  Republic of Philippines (D01) | 06/20/30 | 1.000%(Q) | 3000 | (33795) | 82 | (33877) | MSI |
|  Republic of South Africa (D01) | 06/20/30 | 1.000%(Q) | 9000 | 566696 | 245 | 566451 | MSI |
|  Republic of Turkey (D01) | 06/20/30 | 1.000%(Q) | 9000 | 996725 | 245 | 996480 | MSI |
|  Sultanate of Oman (D01) | 06/20/30 | 1.000%(Q) | 2000 | 25541 | 54 | 25487 | MSI |
|  United Mexican States (D01) | 06/20/30 | 1.000%(Q) | 9000 | 154552 | 245 | 154307 | MSI |
|  Arab Republic of Egypt (D02) | 06/20/30 | 1.000%(Q) | 2000 | 456774 | 54 | 456720 | GSI |
|  Dominican Republic (D02) | 06/20/30 | 1.000%(Q) | 2000 | 113449 | 54 | 113395 | GSI |
|  Emirate of Abu Dhabi (D02) | 06/20/30 | 1.000%(Q) | 2000 | (59167) | 54 | (59221) | GSI |
|  Federal Republic of Nigeria (D02) | 06/20/30 | 1.000%(Q) | 2000 | 461334 | 54 | 461280 | GSI |
|  Federation of Malaysia (D02) | 06/20/30 | 1.000%(Q) | 3000 | (54853) | 82 | (54935) | GSI |
|  Federative Republic of Brazil (D02) | 06/20/30 | 1.000%(Q) | 9000 | 318689 | 245 | 318444 | GSI |
|  Kingdom of Bahrain (D02) | 06/20/30 | 1.000%(Q) | 2000 | 122189 | 54 | 122135 | GSI |
|  Kingdom of Morocco (D02) | 06/20/30 | 1.000%(Q) | 2000 | 23631 | 54 | 23577 | GSI |
|  Kingdom of Saudi Arabia (D02) | 06/20/30 | 1.000%(Q) | 5000 | (43370) | 136 | (43506) | GSI |
|  People's Republic of China (D02) | 06/20/30 | 1.000%(Q) | 9000 | (170585) | 245 | (170830) | GSI |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 58 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference<br>Entity/<br>Obligation**  | **Termination<br>Date** | **Fixed<br>Rate** | **Notional<br>Amount<br>(000)#(3)** | **Fair**<br>**Value** | **Upfront<br>Premiums<br>Paid<br>(Received)** | **Unrealized<br>Appreciation<br>(Depreciation)** | **Counterparty** |
|  **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*(cont'd.):** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*(cont'd.):** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*(cont'd.):** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*(cont'd.):** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*(cont'd.):** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*(cont'd.):** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*(cont'd.):** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*(cont'd.):** |
|  Republic of Argentina (D02) | 06/20/30 | 1.000%(Q) | 2000 | $578210 | $54 | $578156 | GSI |
|  Republic of Chile (D02) | 06/20/30 | 1.000%(Q) | 6000 | (91423) | 163 | (91586) | GSI |
|  Republic of Colombia (D02) | 06/20/30 | 1.000%(Q) | 7000 | 504811 | 190 | 504621 | GSI |
|  Republic of Indonesia (D02) | 06/20/30 | 1.000%(Q) | 8000 | (18379) | 217 | (18596) | GSI |
|  Republic of Ivory Coast (D02) | 06/20/30 | 1.000%(Q) | 2000 | 320019 | 54 | 319965 | GSI |
|  Republic of Panama (D02) | 06/20/30 | 1.000%(Q) | 2000 | 110246 | 54 | 110192 | GSI |
|  Republic of Peru (D02) | 06/20/30 | 1.000%(Q) | 3000 | (851) | 82 | (933) | GSI |
|  Republic of Philippines (D02) | 06/20/30 | 1.000%(Q) | 3000 | (33795) | 82 | (33877) | GSI |
|  Republic of South Africa (D02) | 06/20/30 | 1.000%(Q) | 9000 | 566696 | 245 | 566451 | GSI |
|  Republic of Turkey (D02) | 06/20/30 | 1.000%(Q) | 9000 | 996725 | 245 | 996480 | GSI |
|  Sultanate of Oman (D02) | 06/20/30 | 1.000%(Q) | 2000 | 25541 | 54 | 25487 | GSI |
|  United Mexican States (D02) | 06/20/30 | 1.000%(Q) | 9000 | 154552 | 245 | 154307 | GSI |
|  |  |  |  | $8560886 | $5434 | $8555452 |  |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 59 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference<br>Entity/<br>Obligation** | **Termination<br>Date** | **Fixed**<br>**Rate** | **Notional<br>Amount<br>(000)#(3)** | **Implied<br>Credit<br>Spread at<br>April 30,<br>2025(4)** | **Fair**<br>**Value** | **Upfront<br>Premiums<br>Paid<br>(Received)** | **Unrealized<br>Appreciation<br>(Depreciation)** | **Counterparty** |
|  **OTC Packaged Credit Default Swap Agreements on credit indices— Sell Protection(2)\*\*:** | **OTC Packaged Credit Default Swap Agreements on credit indices— Sell Protection(2)\*\*:** | **OTC Packaged Credit Default Swap Agreements on credit indices— Sell Protection(2)\*\*:** | **OTC Packaged Credit Default Swap Agreements on credit indices— Sell Protection(2)\*\*:** | **OTC Packaged Credit Default Swap Agreements on credit indices— Sell Protection(2)\*\*:** | **OTC Packaged Credit Default Swap Agreements on credit indices— Sell Protection(2)\*\*:** | **OTC Packaged Credit Default Swap Agreements on credit indices— Sell Protection(2)\*\*:** | **OTC Packaged Credit Default Swap Agreements on credit indices— Sell Protection(2)\*\*:** | **OTC Packaged Credit Default Swap Agreements on credit indices— Sell Protection(2)\*\*:** |
|  CDX.EM.43.V1 (D01) | 06/20/30 | 1.000%(Q) | 100000 | 1.992% | $(4312895) | $(22291) | $(4290604) | MSI |
|  CDX.EM.43.V1 (D02) | 06/20/30 | 1.000%(Q) | 100000 | 1.992% | (4312895) | (100580) | (4212315) | GSI |
|  |  |  |  |  | $(8625790) | $(122871) | $(8502919) |  |

---

\*\* 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 - D02). 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference**<br> **Entity/**<br> **Obligation** | **Termination<br>Date** | **Fixed**<br>**Rate** | **Notional**<br>**Amount**<br>**(000)#(3)** | **Implied<br>Credit<br>Spread at<br>April 30,<br>2025(4)** | **Fair<br>Value** | **Upfront<br>Premiums<br>Paid<br>(Received)** | **Unrealized<br>Appreciation<br>(Depreciation)** | **Counterparty** |
|  **OTC Credit Default Swap Agreement on asset-backed and/or mortgage-backed securities - Sell Protection(2)^:** | **OTC Credit Default Swap Agreement on asset-backed and/or mortgage-backed securities - Sell Protection(2)^:** | **OTC Credit Default Swap Agreement on asset-backed and/or mortgage-backed securities - Sell Protection(2)^:** | **OTC Credit Default Swap Agreement on asset-backed and/or mortgage-backed securities - Sell Protection(2)^:** | **OTC Credit Default Swap Agreement on asset-backed and/or mortgage-backed securities - Sell Protection(2)^:** | **OTC Credit Default Swap Agreement on asset-backed and/or mortgage-backed securities - Sell Protection(2)^:** | **OTC Credit Default Swap Agreement on asset-backed and/or mortgage-backed securities - Sell Protection(2)^:** | **OTC Credit Default Swap Agreement on asset-backed and/or mortgage-backed securities - Sell Protection(2)^:** | **OTC Credit Default Swap Agreement on asset-backed and/or mortgage-backed securities - Sell Protection(2)^:** |
|  GS_24-PCA | 08/02/27 | 1.650%(M) | 6999 | \* | $9718 | $(8383) | $18101 | GSI |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference**<br> **Entity/**<br> **Obligation**  | **Termination<br>Date** | **Fixed**<br>**Rate** | **Notional<br>Amount<br>(000)#(3)** | **Notional<br>Amount<br>(000)#(3)** | **Fair**<br>**Value** | **Upfront<br>Premiums<br>Paid<br>(Received)** | **Unrealized<br>Appreciation**<br> **(Depreciation)** | **Counterparty** |
|  **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1):** |
|  Arab Republic of Egypt | 06/20/30 | 1.000%(Q) |  | 4700 | $1073420 | $910828 | $162592 | GSI |
|  China Development Bank | 06/20/29 | 1.000%(Q) |  | 6695 | (123611) | (56692) | (66919) | JPM |
|  Gazprom PAO | 06/20/25 | 1.000%(Q) | EUR | 2000 | 44678 | 2168 | 42510 | BARC |
|  Gazprom PAO | 12/20/25 | 1.000%(Q) |  | 2000 | 176771 | 171450 | 5321 | GSI |
|  Gazprom PAO | 06/20/26 | 1.000%(Q) |  | 4400 | 800946 | 700511 | 100435 | HSBC |
|  Gazprom PAO | 06/20/27 | 1.000%(Q) |  | 8650 | 1902221 | 2098600 | (196379) | HSBC |
|  Gazprom PAO | 06/20/27 | 1.000%(Q) |  | 1000 | 219910 | 169390 | 50520 | HSBC |
|  Gazprom PAO | 06/20/27 | 1.000%(Q) |  | 600 | 131946 | 168853 | (36907) | JPM |
|  Gazprom PAO | 12/20/27 | 1.000%(Q) |  | 3300 | 778102 | 851903 | (73801) | JPM |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 60 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference**<br> **Entity/**<br> **Obligation**  | **Termination<br>Date** | **Fixed**<br>**Rate** | **Notional<br>Amount<br>(000)#(3)** | **Fair**<br>**Value** | **Upfront<br>Premiums<br>Paid<br>(Received)** | **Unrealized<br>Appreciation**<br> **(Depreciation)** | **Counterparty** |
|  **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)(cont'd.):** |
|  Industrial & Commercial Bank of China Ltd. | 06/20/29 | 1.000%(Q) | 6695 | $(134171) | $(49451) | $(84720) | JPM |
|  Kingdom of Morocco | 12/20/27 | 1.000%(Q) | 4305 | (29899) | 61119 | (91018) | BNP |
|  Petroleos Mexicanos | 06/20/25 | 1.000%(Q) | 6000 | 18766 | 14513 | 4253 | BARC |
|  Petroleos Mexicanos | 12/20/25 | 2.795%(Q) | 2000 | 11474 |  | 11474 | CITI |
|  Petroleos Mexicanos | 09/20/27 | 1.000%(Q) | 4500 | 384317 | 291736 | 92581 | MSI |
|  Petroleos Mexicanos | 06/20/29 | 1.000%(Q) | 1000 | 153218 | 140306 | 12912 | BARC |
|  Petroleos Mexicanos | 12/20/29 | 1.000%(Q) | 4050 | 701259 | 690353 | 10906 | BARC |
|  Petroleos Mexicanos | 12/20/30 | 1.000%(Q) | 1000 | 209636 | 204332 | 5304 | BARC |
|  Republic of Estonia | 12/20/25 | 1.000%(Q) | 10000 | (65205) | (30351) | (34854) | BARC |
|  Republic of Italy | 12/20/27 | 1.000%(Q) | EUR 4,935 | (142730) | (97305) | (45425) | BARC |
|  Republic of Serbia | 12/20/25 | 1.000%(Q) | 5000 | (28185) | 6012 | (34197) | BNP |
|  Republic of South Africa | 06/20/26 | 1.000%(Q) | 1000 | (1598) | 9030 | (10628) | GSI |
|  Republic of South Africa | 12/20/28 | 1.000%(Q) | 3000 | 89051 | 65555 | 23496 | GSI |
|  Swiss Confederation | 12/20/27 | 0.250%(Q) | 5000 | (26240) |  | (26240) | BARC |
|  U.S. Treasury Notes | 06/20/25 | 0.250%(Q) | EUR 1,230 | 246 | (98) | 344 | BARC |
|  |  |  |  | $6144322 | $6322762 | $(178440) |  |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference**<br> **Entity/**<br> **Obligation**  | **Termination**<br>**Date** | **Fixed**<br>**Rate** | **Notional<br>Amount<br>(000)#(3)** | **Implied<br>Credit**<br>**Spread at**<br>**April 30,**<br>**2025(4)** | **Fair**<br>**Value** | **Upfront<br>Premiums<br>Paid<br>(Received)** | **Unrealized<br> Appreciation** <br>**(Depreciation)** | **Counterparty** |
|  **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2):** |
|  Australian Government Bond | 12/20/27 | 1.000%(Q) | 5000 | 0.076% | $123423 | $89263 | $34160 | DB |
|  Bank of America Corp. | 12/20/25 | 1.000%(Q) | 3340 | 0.296% | 18870 | 15333 | 3537 | GSI |
|  Bank of Montreal^ | 11/20/29 | 1.250%(Q) | 665 | \* | (1019) |  | (1019) | GSI |
|  Canadian Imperial Bank of Commerce^ | 06/20/28 | 1.100%(Q) | 535 | \* | 2265 |  | 2265 | GSI |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 61 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference**<br> **Entity/**<br> **Obligation**  | **Termination**<br>**Date** | **Fixed**<br>**Rate** | **Notional<br>Amount<br>(000)#(3)** | **Notional<br>Amount<br>(000)#(3)** | **Implied<br>Credit**<br>**Spread at**<br>**April 30,**<br>**2025(4)** | **Fair**<br>**Value** | **Upfront<br>Premiums<br>Paid<br>(Received)** | **Unrealized<br> Appreciation** <br>**(Depreciation)** | **Counterparty** |
|  **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** |
|  Citigroup, Inc. | 12/20/25 | 1.000%(Q) |  | 3340 | 0.315% | $18463 | $15545 | $2918 | GSI |
|  Comision Federal de Electricidad | 06/20/29 | 1.000%(Q) |  | 4540 | 2.375% | (225918) | (203591) | (22327) | CITI |
|  Federative Republic of Brazil | 06/20/29 | 0.940%(Q) | BRL | 33000 | 1.469% | (89601) | (133) | (89468) | BOA |
|  Gazprom PAO | 12/20/26 | 1.000%(Q) |  | 8600 | 16.197% | (1733637) | (1773633) | 39996 | HSBC |
|  Generalitat de Cataluna | 12/20/25 | 1.000%(Q) |  | 4900 | 0.311% | 27211 | (5971) | 33182 | DB |
|  Hellenic Republic | 12/20/29 | 1.000%(Q) | EUR | 5000 | 0.431% | 150430 | 10257 | 140173 | CITI |
|  Japan Govt. | 06/20/28 | 1.000%(Q) |  | 15000 | 0.100% | 422740 | 328635 | 94105 | CITI |
|  Kingdom of Norway | 12/20/25 | —%(Q) |  | 30000 | 0.044% | (8333) | (9475) | 1142 | BARC |
|  Kingdom of Norway | 12/20/25 | —%(Q) |  | 15000 | 0.044% | (4167) | (4745) | 578 | BARC |
|  Kingdom of Spain | 06/20/25 | 1.000%(Q) |  | 9940 | 0.071% | 24538 | (2621) | 27159 | BOA |
|  Kingdom of Spain | 06/20/25 | 1.000%(Q) |  | 7500 | 0.071% | 18515 | (2448) | 20963 | JPM |
|  Kingdom of Spain | 06/20/25 | 1.000%(Q) |  | 1645 | 0.071% | 4061 | 591 | 3470 | BARC |
|  Lincoln National Corp. | 12/20/29 | 1.000%(Q) |  | 7100 | 1.452% | (125471) | (105977) | (19494) | JPM |
|  Morgan Stanley | 12/20/25 | 1.000%(Q) |  | 3340 | 0.298% | 18833 | 15333 | 3500 | GSI |
|  Pacific Life | 08/20/35 | 2.500%(Q) |  | 800 | 2.281% | 16341 | (3) | 16344 | GSI |
|  People's Republic of China | 06/20/29 | 1.000%(Q) |  | 13390 | 0.524% | 260943 | 137792 | 123151 | JPM |
|  Petroleos Mexicanos^ | 12/20/25 | 3.795%(Q) |  | 2000 | \* | 55153 |  | 55153 | CITI |
|  Republic of Colombia | 12/20/26 | 1.000%(Q) |  | 1000 | 1.367% | (4668) | (19120) | 14452 | CITI |
|  Republic of Cyprus | 12/20/28 | 1.000%(Q) |  | 1000 | 0.409% | 21447 | 14646 | 6801 | BARC |
|  Republic of Estonia | 12/20/25 | 1.000%(Q) | EUR | 10000 | 0.137% | 76179 | 22522 | 53657 | DB |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 62 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference**<br> **Entity/**<br> **Obligation**  | **Termination**<br>**Date** | **Fixed**<br>**Rate** | **Notional<br>Amount<br>(000)#(3)** | **Implied<br>Credit**<br>**Spread at**<br>**April 30,**<br>**2025(4)** | **Fair**<br>**Value** | **Upfront<br>Premiums<br>Paid<br>(Received)** | **Unrealized<br> Appreciation** <br>**(Depreciation)** | **Counterparty** |
|  **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** |
|  Republic of Estonia | 12/20/26 | 1.000%(Q) | 3150 | 0.268% | $40634 | $9777 | $30857 | JPM |
|  Republic of Finland | 06/20/27 | 0.250%(Q) | 2000 | 0.092% | 7142 | 3608 | 3534 | BOA |
|  Republic of France | 06/20/34 | 0.250%(Q) | 6850 | 0.667% | (216583) | (137984) | (78599) | CITI |
|  Republic of France | 12/20/34 | 0.250%(Q) | 20315 | 0.690% | (706541) | (469280) | (237261) | BOA |
|  Republic of France | 12/20/34 | 0.250%(Q) | 9995 | 0.690% | (347619) | (329634) | (17985) | BOA |
|  Republic of Ireland | 12/20/26 | 1.000%(Q) | 2000 | 0.103% | 31115 | 1069 | 30046 | GSI |
|  Republic of Ireland | 06/20/27 | 1.000%(Q) | 2800 | 0.114% | 54759 | 18210 | 36549 | MSI |
|  Republic of Italy | 06/20/26 | 1.000%(Q) | 4200 | 0.132% | 45854 | (37335) | 83189 | BOA |
|  Republic of Italy | 06/20/30 | 1.000%(Q) | 1200 | 0.573% | 25419 | (17740) | 43159 | BARC |
|  Republic of Italy | 12/20/33 | 1.000%(Q) | 50000 | 0.973% | 154827 | (1172445) | 1327272 | BARC |
|  Republic of Italy | 12/20/34 | 1.000%(Q) | 1380 | 1.060% | (4915) | (8267) | 3352 | CITI |
|  Republic of Italy | 12/20/34 | 1.000%(Q) | 1380 | 1.060% | (4915) | (8267) | 3352 | CITI |
|  Republic of Kazakhstan | 06/20/29 | 1.000%(Q) | 10000 | 0.926% | 39886 | 36513 | 3373 | BARC |
|  Republic of Panama | 12/20/26 | 1.000%(Q) | 4200 | 1.265% | (12784) | 3963 | (16747) | CITI |
|  Republic of Serbia | 12/20/25 | 1.000%(Q) | EUR 5,000 | 0.298% | 32189 | (54689) | 86878 | DB |
|  Republic of Serbia | 12/20/25 | 5.000%(Q) | 4500 | 0.298% | 161012 | 112882 | 48130 | CITI |
|  Republic of Serbia | 12/20/25 | 1.000%(Q) | 1000 | 0.298% | 5637 | (186) | 5823 | BNP |
|  Republic of South Africa | 06/20/31 | 1.000%(Q) | 3000 | 2.741% | (266145) | (234073) | (32072) | MSI |
|  SoftBank Group Corp. | 06/20/26 | 1.000%(Q) | 2240 | 1.444% | (8459) | (12550) | 4091 | GSI |
|  State of Illinois | 06/20/28 | 1.000%(Q) | 1000 | 0.630% | 11976 | (39010) | 50986 | CITI |
|  State of Qatar | 12/20/26 | 1.000%(Q) | 4000 | 0.158% | 58702 | 36196 | 22506 | CITI |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 63 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference**<br> **Entity/**<br> **Obligation**  | **Termination**<br>**Date** | **Fixed**<br>**Rate** | **Notional<br>Amount<br>(000)#(3)** | **Implied<br>Credit**<br>**Spread at**<br>**April 30,**<br>**2025(4)** | **Fair**<br>**Value** | **Upfront<br>Premiums<br>Paid<br>(Received)** | **Unrealized<br> Appreciation** <br>**(Depreciation)** | **Counterparty** |
|  **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** |
|  United Kingdomof Great Britain and Northern Ireland | 12/20/27 | 1.000%(Q) | 1000 | 0.113% | $23727 | $11754 | $11973 | DB |
|  United Kingdomof Great Britain and Northern Ireland | 12/20/28 | 1.000%(Q) | 5000 | 0.151% | 152237 | 105697 | 46540 | BARC |
|  United Mexican States | 12/20/26 | 1.000%(Q) | 4000 | 0.698% | 23979 | 1549 | 22430 | GSI |
|  |  |  |  |  | $(1632268) | $(3658042) | $2025774 |  |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference**<br> **Entity/**<br> **Obligation** | **Termination<br>Date** | **Fixed**<br>**Rate** | **Notional<br>Amount<br>(000)#(3)** | **Implied Credit<br>Spread at<br>April 30,<br>2025(4)** | **Value at**<br>**Trade Date** | **Value at<br>April 30,<br>2025** | **Unrealized<br>Appreciation<br>(Depreciation)** |
|  **Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2):** |
|  CDX.NA.HY.44.V1 | 06/20/30 | 5.000%(Q) | 92705 | 4.123% | $3534661 | $3895560 | $360899 |
|  CDX.NA.IG.44.V1 | 06/20/30 | 1.000%(Q) | 55445 | 0.682% | 677597 | 882145 | 204548 |
|  |  |  |  |  | $4212258 | $4777705 | $565447 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference**<br> **Entity/**<br> **Obligation**  | **Termination**<br>**Date** | **Fixed**<br>**Rate** | **Notional<br>Amount<br>(000)#(3)** | **Implied<br>Credit**<br>**Spread at**<br>**April 30,**<br>**2025(4)** | **Fair**<br>**Value** | **Upfront<br>Premiums<br>Paid<br>(Received)** | **Unrealized<br> Appreciation** <br>**(Depreciation)** | **Counterparty** |
|  **OTC Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **OTC Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **OTC Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **OTC Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **OTC Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **OTC Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **OTC Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **OTC Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **OTC Credit Default Swap Agreements on credit indices - Sell Protection(2):** |
|  CMBX.NA.16.AAA | 04/17/65 | 0.500%(M) | 10950 | \* | $(179614) | $(95665) | $(83949) | CITI |
|  CMBX.NA.17.AAA | 12/15/56 | 0.500%(M) | 25000 | \* | (574758) | (319428) | (255330) | CITI |
|  CMBX.NA.17.AAA | 12/15/56 | 0.500%(M) | 16065 | \* | (369339) | (205264) | (164075) | CITI |
|  CMBX.NA.17.AAA | 12/15/56 | 0.500%(M) | 5000 | \* | (114744) | (85707) | (29037) | CITI |
|  CMBX.NA.17.AAA | 12/15/56 | 0.500%(M) | 3500 | \* | (80320) | (86981) | 6661 | CITI |
|  CMBX.NA.18.AAA | 12/17/57 | 0.500%(M) | 15560 | \* | (85208) | 15226 | (100434) | GSI |
|  CMBX.NA.18.AAA | 12/17/57 | 0.500%(M) | 10000 | \* | (54761) | (57736) | 2975 | CITI |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 64 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference**<br> **Entity/**<br> **Obligation**  | **Termination**<br>**Date** | **Fixed**<br>**Rate** | **Notional<br>Amount<br>(000)#(3)** | **Implied<br>Credit**<br>**Spread at**<br>**April 30,**<br>**2025(4)** | **Fair**<br>**Value** | **Upfront<br>Premiums<br>Paid<br>(Received)** | **Unrealized<br> Appreciation** <br>**(Depreciation)** | **Counterparty** |
|  **OTC Credit Default Swap Agreements on credit indices - Sell Protection(2) (cont'd.):** | **OTC Credit Default Swap Agreements on credit indices - Sell Protection(2) (cont'd.):** | **OTC Credit Default Swap Agreements on credit indices - Sell Protection(2) (cont'd.):** | **OTC Credit Default Swap Agreements on credit indices - Sell Protection(2) (cont'd.):** | **OTC Credit Default Swap Agreements on credit indices - Sell Protection(2) (cont'd.):** | **OTC Credit Default Swap Agreements on credit indices - Sell Protection(2) (cont'd.):** | **OTC Credit Default Swap Agreements on credit indices - Sell Protection(2) (cont'd.):** | **OTC Credit Default Swap Agreements on credit indices - Sell Protection(2) (cont'd.):** | **OTC Credit Default Swap Agreements on credit indices - Sell Protection(2) (cont'd.):** |
|  CMBX.NA.18.AAA | 12/17/57 | 0.500%(M) | 10000 | \* | $(53788) | $11924 | $(65712) | GSI |
|  CMBX.NA.18.AAA | 12/17/57 | 0.500%(M) | 9000 | \* | (49285) | (10837) | (38448) | CITI |
|  CMBX.NA.18.AAA | 12/17/57 | 0.500%(M) | 1000 | \* | (5379) | 1089 | (6468) | CITI |
|  |  |  |  |  | $(1567196) | $(833379) | $(733817) |  |

---

The Fund entered into credit default swaps ("CDS") to provide a measure of protection against defaults or to take an active long or short position with respect to the likelihood of a particular issuer's default or the reference entity's credit soundness. CDS contracts generally trade based on a spread which represents the cost a protection buyer has to pay the protection seller. The protection buyer is said to be short the credit as the value of the contract rises the more the credit deteriorates. The value of the CDS contract increases for the protection buyer if the spread increases.

(1) If the Fund is a buyer of protection, it pays the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and make delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.

(2) If the Fund is a seller of protection, it receives the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional 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.

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 65 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

\* 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 agreement outstanding at April 30, 2025:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional**<br>**Amount**<br>**(000)#** | **Fund**<br>**Receives** | **Notional<br>Amount<br> (000)#** | **Fund**<br> **Pays** | **Counterparty** | **Termination<br>Date** | **Fair**<br>**Value** | **Upfront**<br> **Premiums**<br> **Paid**<br> (Received) | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
| **OTC Currency Swap Agreement:** | **OTC Currency Swap Agreement:** | **OTC Currency Swap Agreement:** | **OTC Currency Swap Agreement:** |  | | | | |
| CNH 10,000 | 2.350%(Q) | 1564 | 1 Day SOFR(Q)/4.410% | SCB | 01/10/27 | $(166739) | $— | $(166739) |

---

#### Interest rate swap agreements outstanding at April 30, 2025:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional<br>Amount**<br>**(000)#** | **Notional<br>Amount**<br>**(000)#** | **Termination**<br>**Date** | **Fixed**<br>**Rate** | **Floating**<br> **Rate** | **Value at<br> Trade Date** | **Value at<br>April 30,**<br> **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2025**  | **Unrealized<br>Appreciation<br>(Depreciation)** |
| **Centrally Cleared Interest Rate Swap Agreements:** | **Centrally Cleared Interest Rate Swap Agreements:** | **Centrally Cleared Interest Rate Swap Agreements:** | **Centrally Cleared Interest Rate Swap Agreements:** | **Centrally Cleared Interest Rate Swap Agreements:** | **Centrally Cleared Interest Rate Swap Agreements:** | **Centrally Cleared Interest Rate Swap Agreements:** | **Centrally Cleared Interest Rate Swap Agreements:** |
| AUD | 18000 | 12/03/29 | 2.700%(S) | 6 Month BBSW(2)(S)/3.888% | $(603474) | $(507143) | $96331 |
| AUD | 10000 | 07/10/33 | 2.987%(S) | 6 Month BBSW(2)(S)/3.888% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92136 | (445432) | (537568) |
| AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25370 | 04/28/35 | 4.456%(S) | 6 Month BBSW(2)(S)/3.888% |  | 583181 | 583181 |
| AUD | 10000 | 03/26/36 | 2.101%(S) | 6 Month BBSW(2)(S)/3.888% |  | (1161483) | (1161483) |
| CAD | 1845 | 12/03/34 | 3.500%(S) | 1 Day CORRA(1)(S)/2.770% | (21039) | (85388) | (64349) |
| CAD | 3410 | 12/03/48 | 3.450%(S) | 1 Day CORRA(2)(S)/2.770% | (64034) | 154261 | 218295 |
| CAD | 2765 | 12/03/49 | 3.400%(S) | 1 Day CORRA(2)(S)/2.770% | 138780 | 114135 | (24645) |
| CAD | 415 | 12/03/54 | 3.250%(S) | 1 Day CORRA(1)(S)/2.770% | (1955) | (13731) | (11776) |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 66 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

#### Interest rate swap agreements outstanding at April 30, 2025 (continued):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional**<br>**Amount**<br>**(000)#** | **Notional**<br>**Amount**<br>**(000)#** | **Termination**<br>**Date** | **Fixed**<br>**Rate** | **Floating**<br> **Rate** | **Value at<br> Trade Date** | **Value at<br>April 30,**<br> **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2025**  | **Unrealized<br> Appreciation <br>(Depreciation)** |
| **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** |
| CHF | 14500 | 01/31/29 | 0.260%(A) | 1 Day SARON(2)(S)/0.198% | $(35789) | $132255 | $168044 |
| CHF | 800 | 10/17/31 | 0.033%(A) | 1 Day SARON(2)(S)/0.198% | (517) | (13942) | (13425) |
| CHF | 4000 | 11/05/31 | 0.125%(A) | 1 Day SARON(2)(A)/0.198% |  | (27116) | (27116) |
| CHF | 700 | 04/03/33 | 0.687%(A) | 1 Day SARON(2)(S)/0.198% | (3028) | 22711 | 25739 |
| CHF | 11630 | 03/20/34 | 1.258%(A) | 1 Day SARON(1)(A)/0.198% | (911674) | (1189972) | (278298) |
| CHF | 12200 | 12/13/34 | 0.371%(A) | 1 Day SARON(2)(A)/0.198% |  | 3193 | 3193 |
| CLP | 634000 | 02/11/30 | 3.085%(S) | 1 Day CLOIS(2)(S)/5.000% |  | (45271) | (45271) |
| CLP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;800000 | 07/13/30 | 2.030%(S) | 1 Day CLOIS(2)(S)/5.000% |  | (108571) | (108571) |
| CNH | 149980 | 05/08/25 | 1.860%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/1.950% | 18 | (2292) | (2310) |
| CNH | 80785 | 06/01/25 | 1.973%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/1.950% | (1) | 4307 | 4308 |
| CNH | 118700 | 07/02/25 | 2.330%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/1.950% | (1) | 24090 | 24091 |
| CNH | 161860 | 07/13/25 | 2.653%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/1.950% | (5) | 54256 | 54261 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 67 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional**<br>**Amount**<br>**(000)#** | **Notional**<br>**Amount**<br>**(000)#** | **Termination<br>Date** | **Fixed**<br>**Rate** | **Floating**<br> **Rate** | **Value at**<br> **Trade Date** | **Value at<br>April 30,**<br> **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2025**  | **Unrealized<br>Appreciation<br>(Depreciation)** |
| **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** |
| CNH | 48542 | 08/06/25 | 2.555%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/1.950% | $(1) | $25375 | $25376 |
| CNH | 129600 | 09/01/25 | 2.735%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/1.950% | (13) | 91410 | 91423 |
| CNH | 225740 | 11/02/25 | 2.588%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/1.950% | 82 | 207140 | 207058 |
| CNH | 200000 | 12/09/25 | 2.855%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/1.950% |  | 254282 | 254282 |
| CNH | 192490 | 01/05/26 | 2.660%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/1.950% | (100) | 212952 | 213052 |
| CNH | 40000 | 03/03/26 | 2.840%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/1.950% | (24) | 68960 | 68984 |
| CNH | 260000 | 03/04/26 | 1.765%(Q) | 7 Day China Fixing Repo Rates(1)(Q)/1.950% |  | (60878) | (60878) |
| CNH | 50000 | 03/23/26 | 2.875%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/1.950% |  | 90490 | 90490 |
| CNH | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;345920 | 04/12/26 | 2.810%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/1.950% | (288) | 610185 | 610473 |
| CNH | 6300 | 12/22/26 | 2.460%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/1.950% |  | 15076 | 15076 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 68 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional<br>Amount**<br>**(000)#** | **Notional<br>Amount**<br>**(000)#** | **Termination**<br>**Date** | **Fixed**<br>**Rate** | **Floating**<br> **Rate** | **Value at<br>Trade Date** | **Value at**<br>**April 30,**<br>**2025** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
|  **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** |  |  |
| CNH | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;434070 | 05/11/28 | 2.600%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/1.950% | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;661215 | $2230354 | $1569139 |
| CNH | 69650 | 12/06/28 | 2.400%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/1.950% |  | 345875 | 345875 |
| CNH | 286750 | 05/15/29 | 2.027%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/1.950% |  | 975852 | 975852 |
| CNH | 95000 | 07/23/29 | 1.873%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/1.950% | 147588 | 252358 | 104770 |
| CNH | 60000 | 12/12/29 | 1.496%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/1.950% |  | 29148 | 29148 |
| DKK | 13600 | 05/04/25 | 0.825%(A) | 6 Month CIBOR(2)(S)/2.147% | (4) | (13580) | (13576) |
| DKK | 5000 | 08/29/26 | 0.580%(A) | 6 Month CIBOR(2)(S)/2.147% | 5 | (15166) | (15171) |
| DKK | 1300 | 10/21/26 | 0.673%(A) | 6 Month CIBOR(2)(S)/2.147% | 2 | (3318) | (3320) |
| DKK | 13000 | 03/15/27 | 1.123%(A) | 6 Month CIBOR(2)(S)/2.147% |  | (37541) | (37541) |
| DKK | 1865 | 06/22/27 | 0.987%(A) | 6 Month CIBOR(2)(S)/2.147% |  | (6616) | (6616) |
| DKK | 9925 | 07/10/35 | 3.200%(A) | 6 Month CIBOR(2)(S)/2.147% | 46211 | 104472 | 58261 |
| EUR | 65650 | 04/23/26 | 3.076%(A) | 1 Day EuroSTR(1)(A)/2.156% |  | (1009465) | (1009465) |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 69 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional<br>Amount**<br>**(000)#** | **Notional<br>Amount**<br>**(000)#** | **Termination**<br>**Date** | **Fixed**<br>**Rate** | **Floating**<br> **Rate** | **Value at<br>Trade Date** | **Value at**<br>**April 30,**<br>**2025** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
|  **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** |  |  |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18515 | 10/11/29 | 2.101%(A) | 1 Day EuroSTR(1)(A)/2.156% | $— | $(197130) | $(197130) |
| EUR | 27230 | 08/15/30 | (0.191)%(A) | 1 Day EuroSTR(2)(A)/2.156% | (8145) | (4058060) | (4049915) |
| EUR | 17280 | 05/11/31 | 2.650%(A) | 1 Day EuroSTR(1)(A)/2.156% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(428030) | (604744) | (176714) |
| EUR | 6400 | 02/23/32 | 1.180%(A) | 6 Month EURIBOR(2)(S)/2.129% | 111 | (512136) | (512247) |
| EUR | 4680 | 03/29/32 | 1.170%(A) | 6 Month EURIBOR(2)(S)/2.129% | 1064 | (378296) | (379360) |
| EUR | 4150 | 05/11/32 | 1.100%(A) | 6 Month EURIBOR(2)(S)/2.129% | (58627) | (369619) | (310992) |
| EUR | 7000 | 06/28/32 | 0.785%(A) | 6 Month EURIBOR(2)(S)/2.129% | (38572) | (801484) | (762912) |
| EUR | 3050 | 10/30/32 | 1.302%(A) | 6 Month EURIBOR(2)(S)/2.129% |  | (213762) | (213762) |
| EUR | 19945 | 03/20/33 | 2.996%(A) | 6 Month EURIBOR(2)(S)/2.129% |  | 1105148 | 1105148 |
| EUR | 14225 | 05/11/33 | 1.000%(A) | 6 Month EURIBOR(2)(S)/2.129% | (243722) | (1633526) | (1389804) |
| EUR | 26060 | 02/15/34 | 2.192%(A) | 1 Day Euro STR(1)(A)/2.156% |  | 56319 | 56319 |
| EUR | 28840 | 02/15/34 | 2.231%(A) | 1 Day Euro STR(1)(A)/2.156% |  | (43288) | (43288) |
| EUR | 19745 | 02/15/34 | 2.258%(A) | 1 Day Euro STR(1)(A)/2.156% |  | (79801) | (79801) |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 70 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional<br>Amount**<br>**(000)#** | **Notional<br>Amount**<br>**(000)#** | **Termination**<br>**Date** | **Fixed**<br>**Rate** | **Floating**<br> **Rate** | **Value at<br>Trade Date** | **Value at**<br>**April 30,**<br>**2025** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
|  **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** |  |  |
| EUR | 4290 | 03/20/34 | 2.560%(A) | 1 Day EuroSTR(1)(A)/2.156% | $— | $(137020) | $(137020) |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12390 | 05/11/34 | 2.650%(A) | 1 Day EuroSTR(2)(A)/2.156% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;329731 | 410966 | 81235 |
| EUR | 14280 | 03/20/38 | 2.982%(A) | 6 Month EURIBOR(1)(S)/2.129% |  | (812524) | (812524) |
| EUR | 365 | 05/11/39 | 1.100%(A) | 1 Day EuroSTR(2)(A)/2.156% | (2567) | (75380) | (72813) |
| EUR | 12485 | 11/24/41 | 0.565%(A) | 6 Month EURIBOR(1)(S)/2.129% |  | 2427704 | 2427704 |
| EUR | 12485 | 11/24/41 | 0.600%(A) | 3 Month EURIBOR(2)(Q)/2.156% |  | (2454594) | (2454594) |
| EUR | 30272 | 11/25/41 | 0.629%(A) | 6 Month EURIBOR(1)(S)/2.129% |  | 5719839 | 5719839 |
| EUR | 30272 | 11/25/41 | 0.663%(A) | 3 Month EURIBOR(2)(Q)/2.156% |  | (5788915) | (5788915) |
| EUR | 8450 | 02/17/42 | 0.536%(A) | 6 Month EURIBOR(2)(S)/2.129% |  | (2730063) | (2730063) |
| EUR | 17040 | 03/22/42 | 1.257%(A) | 6 Month EURIBOR(1)(S)/2.129% |  | 2284760 | 2284760 |
| EUR | 17040 | 03/22/42 | 1.310%(A) | 3 Month EURIBOR(2)(Q)/2.156% |  | (2299526) | (2299526) |
| EUR | 1235 | 07/04/42 | 1.001%(A) | 6 Month EURIBOR(2)(S)/2.129% | (107760) | (308624) | (200864) |
| EUR | 15130 | 02/24/43 | 2.910%(A) | 6 Month EURIBOR(1)(S)/2.129% | 12548 | (836584) | (849132) |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 71 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional<br>Amount**<br>**(000)#** | **Notional<br>Amount**<br>**(000)#** | **Termination**<br>**Date** | **Fixed**<br>**Rate** | **Floating**<br> **Rate** | **Value at<br>Trade Date** | **Value at**<br>**April 30,**<br>**2025** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
|  **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** |  |  |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15130 | 02/24/43 | 2.960%(A) | 3 Month EURIBOR(2)(Q)/2.156% | $(7048) | $924609 | $931657 |
| EUR | 14270 | 03/09/46 | 0.425%(A) | 6 Month EURIBOR(2)(S)/2.129% |  | (5634205) | (5634205) |
| EUR | 3000 | 05/11/49 | 1.450%(A) | 6 Month EURIBOR(2)(S)/2.129% | (98644) | (644601) | (545957) |
| EUR | 44440 | 11/28/54 | 1.468%(A) | 6 Month EURIBOR(1)(S)/2.129% | (31553) | 1623231 | 1654784 |
| GBP | 5330 | 05/08/25 | 1.000%(A) | 1 Day SONIA(1)(A)/4.459% | 430155 | 280185 | (149970) |
| GBP | 38240 | 05/08/27 | 1.050%(A) | 1 Day SONIA(1)(A)/4.459% | 2893276 | 4442178 | 1548902 |
| GBP | 40655 | 05/08/28 | 1.100%(A) | 1 Day SONIA(1)(A)/4.459% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8130379 | 5807221 | (2323158) |
| GBP | 30750 | 06/07/28 | 4.059%(A) | 1 Day SONIA(2)(A)/4.459% | 819 | 269483 | 268664 |
| GBP | 38880 | 05/08/29 | 1.100%(A) | 1 Day SONIA(1)(A)/4.459% | 5919338 | 6692415 | 773077 |
| GBP | 8290 | 05/08/30 | 1.100%(A) | 1 Day SONIA(1)(A)/4.459% | 2099979 | 1676495 | (423484) |
| GBP | 6355 | 05/08/32 | 1.150%(A) | 1 Day SONIA(2)(A)/4.459% | (742580) | (1614048) | (871468) |
| GBP | 14450 | 05/08/33 | 1.150%(A) | 1 Day SONIA(1)(A)/4.459% | 4631444 | 4226420 | (405024) |
| GBP | 2120 | 05/08/37 | 1.200%(A) | 1 Day SONIA(2)(A)/4.459% | (577882) | (854971) | (277089) |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 72 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional**<br>**Amount**<br>**(000)#** | **Notional**<br>**Amount**<br>**(000)#** | **Termination**<br>**Date** | **Fixed**<br>**Rate** | **Floating**<br> **Rate** | **Value at<br>Trade Date** | **Value at**<br>**April 30,**<br>**2025** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
|  **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** |  |  |
| GBP | 4100 | 05/08/42 | 1.250%(A) | 1 Day SONIA(2)(A)/4.459% | $20606 | $(2165986) | $(2186592) |
| GBP | 9725 | 05/08/46 | 1.250%(A) | 1 Day SONIA(2)(A)/4.459% | 1502095 | (6007445) | (7509540) |
| GBP | 3440 | 05/08/49 | 1.250%(A) | 1 Day SONIA(2)(A)/4.459% | 619178 | (2295388) | (2914566) |
| GBP | 3540 | 09/03/50 | 0.328%(A) | 1 Day SONIA(2)(A)/4.459% | (31) | (3065919) | (3065888) |
| GBP | 1800 | 05/08/52 | 1.250%(A) | 1 Day SONIA(2)(A)/4.459% | (218594) | (1264643) | (1046049) |
| GBP | 3700 | 05/08/54 | 1.250%(A) | 1 Day SONIA(2)(A)/4.459% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2063330) | (2703665) | (640335) |
| HUF | 500000 | 03/31/31 | 2.460%(A) | 6 Month BUBOR(2)(S)/6.500% |  | (248017) | (248017) |
| ILS | 40440 | 04/16/28 | 0.928%(A) | 3 Month TELBOR(2)(Q)/4.488% | (256) | (904453) | (904197) |
| JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9000000 | 03/02/26 | 0.029%(S) | 1 Day TONAR(2)(S)/0.476% | 7 | (363951) | (363958) |
| JPY | 5000000 | 06/02/26 | 0.009%(S) | 1 Day TONAR(2)(S)/0.476% | 18 | (303374) | (303392) |
| JPY | 2000000 | 01/04/27 | (0.033)%(S) | 1 Day TONAR(2)(S)/0.476% | 1951 | (193529) | (195480) |
| JPY | 2100000 | 05/06/27 | 0.020%(S) | 1 Day TONAR(2)(S)/0.476% | 29 | (237371) | (237400) |
| JPY | 6295000 | 04/11/28 | 0.609%(A) | 1 Day TONAR(1)(A)/0.476% |  | 97169 | 97169 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 73 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional**<br>**Amount**<br>**(000)#** | **Notional**<br>**Amount**<br>**(000)#** | **Termination**<br>**Date** | **Fixed**<br>**Rate** | **Floating**<br> **Rate** | **Value at<br>Trade Date** | **Value at**<br>**April 30,**<br>**2025** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
|  **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** |  |  |
| JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7080000 | 07/08/28 | (0.050)%(A) | 1 Day TONAR(1)(A)/0.476% | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1970701 | $1305000 | $(665701) |
| JPY | 3674000 | 07/31/28 | 0.268%(A) | 1 Day TONAR(2)(A)/0.476% |  | (364796) | (364796) |
| JPY | 1800000 | 11/12/28 | 0.011%(S) | 1 Day TONAR(2)(S)/0.476% | 46 | (357360) | (357406) |
| JPY | 135000 | 02/20/29 | 1.260%(S) | 1 Day TONAR(2)(S)/0.476% | (2710) | 18396 | 21106 |
| JPY | 2500000 | 03/22/29 | 0.068%(S) | 1 Day TONAR(2)(S)/0.476% | (1187) | (488226) | (487039) |
| JPY | 50000 | 04/02/29 | 1.288%(S) | 1 Day TONAR(2)(S)/0.476% | (629) | 7035 | 7664 |
| JPY | 100000 | 08/18/29 | 1.070%(S) | 1 Day TONAR(2)(S)/0.476% | (1796) | 8819 | 10615 |
| JPY | 100000 | 08/28/29 | 1.043%(S) | 1 Day TONAR(2)(S)/0.476% | (1546) | 7881 | 9427 |
| JPY | 200000 | 09/09/29 | 1.061%(S) | 1 Day TONAR(2)(S)/0.476% | (2869) | 16788 | 19657 |
| JPY | 655000 | 09/29/29 | 1.064%(S) | 1 Day TONAR(2)(S)/0.476% | (7352) | 54375 | 61727 |
| JPY | 300000 | 07/02/30 | 0.047%(S) | 1 Day TONAR(2)(S)/0.476% | (154) | (86495) | (86341) |
| JPY | 200000 | 04/01/31 | 0.319%(S) | 1 Day TONAR(2)(S)/0.476% | (670) | (44399) | (43729) |
| JPY | 215000 | 05/06/31 | 0.354%(S) | 1 Day TONAR(2)(S)/0.476% | (376) | (46820) | (46444) |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 74 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional**<br>**Amount**<br>**(000)#** | **Notional**<br>**Amount**<br>**(000)#** | **Termination**<br>**Date** | **Fixed**<br>**Rate** | **Floating**<br> **Rate** | **Value at<br>Trade Date** | **Value at**<br>**April 30,**<br>**2025** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
|  **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** |  |  |
| JPY | 150000 | 07/07/31 | 0.071%(S) | 1 Day TONAR(2)(S)/0.476% | $(175) | $(52393) | $(52218) |
| JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2945000 | 07/08/31 | 0.000%(A) | 1 Day TONAR(1)(A)/0.476% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1073710 | 1096823 | 23113 |
| JPY | 700000 | 08/05/31 | 0.026%(S) | 1 Day TONAR(2)(S)/0.476% | 37 | (261415) | (261452) |
| JPY | 256500 | 08/15/31 | 0.223%(S) | 1 Day TONAR(2)(S)/0.476% | (1008) | (73675) | (72667) |
| JPY | 130000 | 08/30/31 | 0.217%(S) | 1 Day TONAR(2)(S)/0.476% | (416) | (37891) | (37475) |
| JPY | 120000 | 09/08/31 | 0.316%(S) | 1 Day TONAR(2)(S)/0.476% | (539) | (29852) | (29313) |
| JPY | 190000 | 09/21/31 | 0.328%(S) | 1 Day TONAR(2)(S)/0.476% | (765) | (46636) | (45871) |
| JPY | 350000 | 10/14/31 | 0.270%(S) | 1 Day TONAR(2)(S)/0.476% | (820) | (95720) | (94900) |
| JPY | 200000 | 04/06/32 | 0.484%(S) | 1 Day TONAR(2)(S)/0.476% | (1012) | (40508) | (39496) |
| JPY | 159520 | 04/07/32 | 0.491%(S) | 1 Day TONAR(2)(S)/0.476% | (807) | (31779) | (30972) |
| JPY | 1200000 | 05/19/32 | 0.023%(S) | 1 Day TONAR(2)(S)/0.476% | (19) | (531124) | (531105) |
| JPY | 800000 | 05/29/32 | 0.016%(S) | 1 Day TONAR(2)(S)/0.476% | (2) | (358534) | (358532) |
| JPY | 140000 | 06/07/32 | 0.451%(S) | 1 Day TONAR(2)(S)/0.476% |  | (31782) | (31782) |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 75 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional**<br>**Amount**<br>**(000)#** | **Notional**<br>**Amount**<br>**(000)#** | **Termination**<br>**Date** | **Fixed**<br>**Rate** | **Floating**<br> **Rate** | **Value at<br>Trade Date** | **Value at**<br>**April 30,**<br>**2025** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
|  **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** |  |  |
| JPY | 71000 | 09/21/32 | 0.463%(S) | 1 Day TONAR(2)(S)/0.476% | $(429) | $(16936) | $(16507) |
| JPY | 160000 | 11/14/32 | 2.390%(S) | 1 Day TONAR(2)(S)/0.476% |  | 128516 | 128516 |
| JPY | 530000 | 07/08/33 | 0.100%(A) | 1 Day TONAR(2)(A)/0.476% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(227382) | (252187) | (24805) |
| JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1509190 | 06/27/34 | 0.995%(A) | 1 Day TONAR(1)(A)/0.476% | 130 | (74896) | (75026) |
| JPY | 900000 | 01/04/38 | 0.757%(S) | 1 Day TONAR(2)(S)/0.476% | (20598) | (378827) | (358229) |
| JPY | 800000 | 03/28/38 | 0.656%(S) | 1 Day TONAR(2)(S)/0.476% | (7096) | (423995) | (416899) |
| JPY | 675000 | 04/06/38 | 0.655%(S) | 1 Day TONAR(2)(S)/0.476% | (5306) | (359992) | (354686) |
| JPY | 285000 | 07/08/38 | 0.200%(A) | 1 Day TONAR(1)(A)/0.476% | 318796 | 257995 | (60801) |
| JPY | 600000 | 08/10/38 | 0.822%(S) | 1 Day TONAR(2)(S)/0.476% | (11428) | (250370) | (238942) |
| JPY | 2430385 | 12/03/38 | 0.600%(S) | 1 Day TONAR(2)(S)/0.476% | (1145) | (1559252) | (1558107) |
| JPY | 969000 | 12/03/39 | 0.650%(S) | 1 Day TONAR(2)(S)/0.476% | (501) | (674295) | (673794) |
| JPY | 166000 | 05/09/43 | 0.820%(S) | 1 Day TONAR(2)(S)/0.476% | (785) | (144193) | (143408) |
| JPY | 2000000 | 10/23/45 | 0.333%(S) | 1 Day TONAR(2)(S)/0.476% | (5936) | (3442955) | (3437019) |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 76 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional**<br>**Amount**<br>**(000)#** | **Notional**<br>**Amount**<br>**(000)#** | **Termination**<br>**Date** | **Fixed**<br>**Rate** | **Floating**<br> **Rate** | **Value at<br>Trade Date** | **Value at**<br>**April 30,**<br>**2025** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
|  **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** |  |  |
| JPY | 775000 | 04/12/46 | 0.496%(S) | 1 Day TONAR(2)(S)/0.476% | $(4414) | $(1213739) | $(1209325) |
| JPY | 110291 | 04/15/46 | 0.560%(S) | 1 Day TONAR(2)(S)/0.476% | (661) | (163787) | (163126) |
| JPY | 26000 | 10/04/47 | 0.942%(S) | 1 Day TONAR(2)(S)/0.476% | (329) | (28998) | (28669) |
| JPY | 560000 | 11/24/47 | 0.888%(S) | 1 Day TONAR(2)(S)/0.476% | (1371) | (665795) | (664424) |
| JPY | 940000 | 07/08/49 | 1.700%(A) | 1 Day TONAR(1)(A)/0.476% | 60876 | 18790 | (42086) |
| JPY | 500000 | 05/29/50 | 0.186%(S) | 1 Day TONAR(2)(S)/0.476% | (152) | (1218313) | (1218161) |
| JPY | 975000 | 07/08/50 | 1.700%(A) | 1 Day TONAR(1)(A)/0.476% | 150529 | 57381 | (93148) |
| JPY | 500000 | 08/26/50 | 0.334%(S) | 1 Day TONAR(2)(S)/0.476% | (3434) | (1119437) | (1116003) |
| JPY | 1000000 | 12/16/50 | 0.338%(S) | 1 Day TONAR(2)(S)/0.476% | (11825) | (2263140) | (2251315) |
| JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1200000 | 02/08/51 | 0.467%(S) | 1 Day TONAR(2)(S)/0.476% | (14067) | (2500019) | (2485952) |
| JPY | 1650000 | 03/30/51 | 0.520%(S) | 1 Day TONAR(2)(S)/0.476% | (12158) | (3324347) | (3312189) |
| JPY | 701000 | 07/31/53 | 1.102%(A) | 1 Day TONAR(1)(A)/0.476% |  | 811487 | 811487 |
| JPY | 1000000 | 07/08/54 | 0.450%(A) | 1 Day TONAR(1)(A)/0.476% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1781890 | 2311536 | 529646 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 77 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional**<br>**Amount**<br>**(000)#** | **Notional**<br>**Amount**<br>**(000)#** | **Termination**<br>**Date** | **Fixed**<br>**Rate** | **Floating**<br> **Rate** | **Value at<br>Trade Date** | **Value at**<br>**April 30,**<br>**2025** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
|  **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** |  |  |
| JPY | 2145000 | 07/08/54 | 1.750%(A) | 1 Day TONAR(2)(A)/0.476% | $100483 | $(244794) | $(345277) |
| JPY | 155000 | 07/08/55 | 1.750%(A) | 1 Day TONAR(2)(A)/0.476% | (59457) | (22095) | 37362 |
| KRW | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18824000 | 08/06/25 | 0.830%(Q) | 3 Month KWCDC(2)(Q)/2.710% | (2) | (133416) | (133414) |
| KRW | 19850000 | 04/19/28 | 3.135%(Q) | 3 Month KWCDC(2)(Q)/2.710% |  | 375081 | 375081 |
| KRW | 20447900 | 09/10/28 | 2.043%(Q) | 3 Month KWCDC(2)(Q)/2.710% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;313380 | (100217) | (413597) |
| KRW | 11000000 | 02/05/30 | 1.319%(Q) | 3 Month KWCDC(2)(Q)/2.710% | 7 | (357814) | (357821) |
| KRW | 5000000 | 01/05/31 | 1.258%(Q) | 3 Month KWCDC(2)(Q)/2.710% |  | (196459) | (196459) |
| KRW | 4000000 | 08/13/31 | 1.630%(Q) | 3 Month KWCDC(2)(Q)/2.710% |  | (118217) | (118217) |
| KRW | 1067160 | 03/10/33 | 3.150%(Q) | 3 Month KWCDC(2)(Q)/2.710% | (14309) | 45314 | 59623 |
| KRW | 2640000 | 11/24/33 | 3.610%(Q) | 3 Month KWCDC(2)(Q)/2.710% |  | 188256 | 188256 |
| KRW | 30916085 | 03/10/34 | 3.150%(Q) | 3 Month KWCDC(2)(Q)/2.710% | 7558 | 1425308 | 1417750 |
| KRW | 8043000 | 03/10/35 | 3.200%(Q) | 3 Month KWCDC(2)(Q)/2.710% | 242762 | 422676 | 179914 |
| KRW | 11100000 | 11/08/39 | 3.000%(Q) | 3 Month KWCDC(2)(Q)/2.710% |  | 611082 | 611082 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 78 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional**<br>**Amount**<br>**(000)#** | **Notional**<br>**Amount**<br>**(000)#** | **Termination**<br>**Date** | **Fixed**<br>**Rate** | **Floating**<br> **Rate** | **Value at<br>Trade Date** | **Value at**<br>**April 30,**<br>**2025** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
|  **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** |  |  |
| KRW | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8800000 | 11/08/44 | 2.840%(Q) | 3 Month KWCDC(1)(Q)/2.710% | $— | $(556809) | $(556809) |
| MXN | 170735 | 12/10/25 | 9.425%(M) | 28 Day Mexican Interbank Rate(2)(M)/9.341% | 2263 | 56325 | 54062 |
| MXN | 170735 | 06/14/34 | 9.425%(M) | 28 Day Mexican Interbank Rate(2)(M)/9.341% |  | 556243 | 556243 |
| NOK | 36000 | 02/07/29 | 2.083%(A) | 6 Month NIBOR(2)(S)/4.640% |  | (234557) | (234557) |
| NOK | 48000 | 10/07/29 | 1.660%(A) | 6 Month NIBOR(2)(S)/4.640% |  | (382023) | (382023) |
| NZD | 6450 | 11/28/28 | 2.950%(S) | 3 Month BBR(2)(Q)/3.430% |  | (14917) | (14917) |
| PLN | 10000 | 03/26/31 | 1.675%(A) | 6 Month WIBOR(2)(S)/5.100% |  | (331810) | (331810) |
| SEK | 60000 | 07/10/32 | 3.150%(A) | 3 Month STIBOR(1)(Q)/2.317% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(346154) | (436360) | (90206) |
| SGD | 17215 | 07/29/31 | 1.120%(S) | 1 Day SORA(2)(S)/2.167% | 74854 | (686307) | (761161) |
| THB | 173600 | 04/28/30 | 1.020%(Q) | 1 Day THOR(2)(Q)/1.741% |  | (97049) | (97049) |
| THB | 23000 | 05/29/30 | 2.645%(Q) | 1 Day THOR(2)(Q)/1.741% | (666) | 42847 | 43513 |
| THB | 72900 | 06/25/30 | 0.990%(Q) | 1 Day THOR(2)(Q)/1.741% |  | (48373) | (48373) |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 79 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional**<br>**Amount**<br>**(000)#** | **Notional**<br>**Amount**<br>**(000)#** | **Termination**<br>**Date** | **Fixed**<br>**Rate** | **Floating**<br> **Rate** | **Value at<br>Trade Date** | **Value at**<br>**April 30,**<br>**2025** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
|  **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** |  |  |
| THB | 200200 | 07/03/30 | 1.028%(Q) | 1 Day THOR(2)(Q)/1.741% | $— | $(120864) | $(120864) |
| THB | 115500 | 08/17/31 | 1.320%(Q) | 1 Day THOR(2)(Q)/1.741% |  | (42026) | (42026) |
| THB | 260500 | 04/18/34 | 2.895%(Q) | 1 Day THOR(2)(Q)/1.741% |  | 781582 | 781582 |
| THB | 218530 | 04/22/34 | 2.818%(Q) | 1 Day THOR(2)(Q)/1.741% |  | 612729 | 612729 |
| THB | 110000 | 04/23/34 | 2.855%(Q) | 1 Day THOR(2)(Q)/1.741% |  | 318675 | 318675 |
| THB | 204200 | 12/16/34 | 2.173%(Q) | 1 Day THOR(2)(Q)/1.741% |  | 228669 | 228669 |
| TWD | 564000 | 02/17/28 | 1.390%(Q) | 3 Month TAIBOR(1)(Q)/1.679% |  | 60471 | 60471 |
|  | 513080 | 05/07/25 | 4.321%(T) | 1 Day USOIS(2)(T)/4.330% |  | (14933) | (14933) |
|  | 132430 | 05/11/25 | 0.450%(A) | 1 Day SOFR(1)(A)/4.410% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6373303 | 6010229 | (363074) |
|  | 282225 | 08/19/25 | 4.395%(T) | 1 Day SOFR(2)(T)/4.410% | (5395) | (534188) | (528793) |
|  | 118435 | 11/12/25 | 4.200%(T) | 1 Day SOFR(1)(T)/4.410% | 41278 | 99943 | 58665 |
|  | 71770 | 04/23/26 | 4.861%(A) | 1 Day SOFR(2)(A)/4.410% |  | 761805 | 761805 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139215 | 05/11/26 | 4.750%(A) | 1 Day SOFR(2)(A)/4.410% | 1604106 | 1191405 | (412701) |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 80 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Notional**<br>**Amount**<br>**(000)#** | **Termination**<br>**Date** | **Fixed**<br>**Rate** | **Floating**<br> **Rate** | **Value at<br>Trade Date** | **Value at**<br>**April 30,**<br>**2025** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
| **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50180 | 09/25/26 | 4.699%(A) | 1 Day SOFR(1)(A)/4.410% | $— | $(822099) | $(822099) |
| 32215 | 09/05/28 | 4.027%(A) | 1 Day SOFR(1)(A)/4.410% |  | (595862) | (595862) |
| 27150 | 09/28/28 | 4.396%(A) | 1 Day SOFR(1)(A)/4.410% |  | (914943) | (914943) |
| 30430 | 11/07/28 | 4.223%(A) | 1 Day SOFR(1)(A)/4.410% |  | (875295) | (875295) |
| 30780 | 05/17/29 | 4.143%(A) | 1 Day SOFR(1)(A)/4.410% |  | (713461) | (713461) |
| 21040 | 03/28/32 | 3.841%(A) | 1 Day SOFR(1)(A)/4.410% |  | (438626) | (438626) |
| 13000 | 04/26/33 | 3.070%(A) | 1 Day SOFR(2)(A)/4.410% |  | (343759) | (343759) |
| 16570 | 12/10/34 | 3.911%(A) | 1 Day SOFR(2)(A)/4.410% |  | 339501 | 339501 |
| 15980 | 04/28/35 | 4.035%(A) | 1 Day SOFR(1)(A)/4.410% |  | (515699) | (515699) |
| 38155 | 08/15/39 | 3.771%(A) | 1 Day SOFR(2)(A)/4.410% |  | (424043) | (424043) |
| 21865 | 05/11/45 | 4.000%(A) | 1 Day SOFR(2)(A)/4.410% | (935367) | 145477 | 1080844 |
| 29415 | 05/11/49 | 1.350%(A) | 1 Day SOFR(2)(A)/4.410% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11560208) | (12699334) | (1139126) |
| 8440 | 12/16/49 | 3.805%(A) | 1 Day SOFR(2)(A)/4.410% |  | (106610) | (106610) |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 81 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Notional**<br>**Amount**<br>**(000)#** | **Termination**<br>**Date** | **Fixed**<br>**Rate** | **Floating**<br> **Rate** | **Value at<br>Trade Date** | **Value at**<br>**April 30,**<br>**2025** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
| **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** |  |  |
| 7443 | 11/15/52 | 3.927%(A) | 1 Day SOFR(1)(A)/4.410% | $— | $(102565) | $(102565) |
| 7710 | 04/30/54 | 4.027%(A) | 1 Day SOFR(1)(A)/4.410% |  | (272202) | (272202) |
| 15125 | 05/10/54 | 3.850%(A) | 1 Day SOFR(2)(A)/4.410% | (86683) | (93939) | (7256) |
| 27110 | 05/11/54 | 1.350%(A) | 1 Day SOFR(1)(A)/4.410% | 11885095 | 12697806 | 812711 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140995 | 12/14/54 | 3.136%(A) | 1 Day SOFR(1)(A)/4.410% | 565538 | 2334294 | 1768756 |
| 14416 | 12/15/54 | 3.638%(A) | 1 Day SOFR(1)(A)/4.410% |  | 463440 | 463440 |
| 7515 | 12/16/54 | 3.719%(A) | 1 Day SOFR(1)(A)/4.410% |  | 150882 | 150882 |
| 21200 | 01/15/55 | 4.130%(A) | 1 Day SOFR(1)(A)/4.410% | (409640) | (1158963) | (749323) |
| 31865 | 05/11/55 | 3.850%(A) | 1 Day SOFR(1)(A)/4.410% | 1398154 | 118020 | (1280134) |
| 16430 | 05/10/74 | 3.420%(A) | 1 Day SOFR(1)(A)/4.410% | 169941 | 590947 | 421006 |
| 24840 | 05/11/74 | 1.950%(A) | 1 Day SOFR(1)(A)/4.410% | 111923 | 641341 | 529418 |
|  |  |  |  | $35885087 | $(23367423) | $(59252510) |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 82 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional**<br>**Amount**<br>**(000)#** | **Notional**<br>**Amount**<br>**(000)#** | **Termination**<br>**Date** | **Fixed**<br>**Rate** | **Floating**<br> **Rate** | **Fair**<br>**Value** | **Upfront<br>Premiums<br>Paid(Received)** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** | **Counterparty** |
|  **OTC Interest Rate Swap Agreements:** | **OTC Interest Rate Swap Agreements:** | **OTC Interest Rate Swap Agreements:** | **OTC Interest Rate Swap Agreements:** | **OTC Interest Rate Swap Agreements:** | **OTC Interest Rate Swap Agreements:** | **OTC Interest Rate Swap Agreements:** | **OTC Interest Rate Swap Agreements:** |  |
| BRL | 10457 | 01/02/31 | 13.788%(T) | 1 Day BROIS(1)(T)/0.053% | $(14397) | $— | $(14397) | GSI |
| BRL | 10457 | 01/02/31 | 13.940%(T) | 1 Day BROIS(2)(T)/0.053% | 29667 |  | 29667 | GSI |
| BRL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106841 | 01/02/31 | 14.190%(T) | 1 Day BROIS(1)(T)/0.053% | (562627) |  | (562627) | GSI |
| BRL | 106841 | 01/02/31 | 14.340%(T) | 1 Day BROIS(2)(T)/0.053% | 719582 |  | 719582 | GSI |
| CNH | 10000 | 04/02/26 | 3.120%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/1.950% | 21683 | 3 | 21680 | CITI |
| CNH | 1000 | 06/15/28 | 2.365%(Q) | 7 Day China Fixing Repo Rates(1)(Q)/1.950% | (4176) |  | (4176) | MSI |
| CNH | 1000 | 06/15/28 | 2.410%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/1.950% | 4194 |  | 4194 | MSI |
| CNH | 75000 | 07/12/28 | 2.410%(Q) | 7 Day China Fixing Repo Rates(1)(Q)/1.950% | (331285) |  | (331285) | MSI |
| CNH | 75000 | 07/12/28 | 2.455%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/1.950% | 332395 |  | 332395 | MSI |
| CNH | 34800 | 07/31/30 | 2.515%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/1.950% | 269016 |  | 269016 | MSI |
| CNH | 16100 | 11/24/30 | 2.495%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/1.950% | 131262 |  | 131262 | MSI |
| CNH | 5000 | 10/14/31 | 2.675%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/1.950% | 53726 |  | 53726 | SCB |
| CNH | 30000 | 11/02/31 | 2.700%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/1.950% | 337366 |  | 337366 | SCB |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 83 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional**<br>**Amount**<br>**(000)#** | **Notional**<br>**Amount**<br>**(000)#** | **Termination**<br>**Date** | **Fixed**<br>**Rate** | **Floating**<br> **Rate** | **Fair**<br>**Value** | **Upfront**<br>**Premiums**<br>**Paid(Received)** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** | **Counterparty** |
|  **OTC Interest Rate Swap Agreements (cont'd.):** | **OTC Interest Rate Swap Agreements (cont'd.):** | **OTC Interest Rate Swap Agreements (cont'd.):** | **OTC Interest Rate Swap Agreements (cont'd.):** | **OTC Interest Rate Swap Agreements (cont'd.):** | **OTC Interest Rate Swap Agreements (cont'd.):** | **OTC Interest Rate Swap Agreements (cont'd.):** | **OTC Interest Rate Swap Agreements (cont'd.):** |  |
| JPY | 35000 | 12/14/32 | 1.575%(S) | 6 Month JPY LIBOR(2)(S)/0.072% | $12944 | $— | $12944 | HSBC |
| KRW | 1485000 | 10/28/26 | 1.520%(Q) | 3 Month KWCDC(2)(Q)/2.710% | (11891) | (7) | (11884) | JPM |
| KRW | 2040000 | 04/26/27 | 1.880%(Q) | 3 Month KWCDC(2)(Q)/2.710% | (10031) |  | (10031) | MSI |
| KRW | 1280000 | 10/17/28 | 1.450%(Q) | 3 Month KWCDC(2)(Q)/2.710% | (23695) |  | (23695) | CITI |
| KRW | 520000 | 01/27/31 | 1.870%(Q) | 3 Month KWCDC(2)(Q)/2.710% | (8077) |  | (8077) | JPM |
| KRW | 8100000 | 05/30/34 | 3.418%(Q) | 3 Month KWCDC(2)(Q)/2.710% | 510016 |  | 510016 | GSI |
| KRW | 3330000 | 05/30/54 | 2.968%(Q) | 3 Month KWCDC(1)(Q)/2.710% | (505401) |  | (505401) | GSI |
| MYR | 23575 | 04/09/26 | 2.625%(Q) | 3 Month KLIBOR(2)(Q)/3.650% | (44364) | (104) | (44260) | MSI |
| MYR | 45900 | 08/12/26 | 2.605%(Q) | 3 Month KLIBOR(2)(Q)/3.650% | (124281) | (233) | (124048) | HSBC |
| MYR | 3160 | 07/11/29 | 3.528%(Q) | 3 Month KLIBOR(2)(Q)/3.650% | 7481 | (6) | 7487 | MSI |
| MYR | 11700 | 11/19/29 | 3.245%(Q) | 3 Month KLIBOR(2)(Q)/3.650% | (5458) | 17 | (5475) | MSI |
| MYR | 17800 | 02/04/30 | 3.060%(Q) | 3 Month KLIBOR(2)(Q)/3.650% | (45734) | 9 | (45743) | MSI |
| MYR | 17745 | 02/28/32 | 3.625%(Q) | 3 Month KLIBOR(2)(Q)/3.650% | 61620 | 4 | 61616 | JPM |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 84 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional**<br>**Amount**<br>**(000)#** | **Notional**<br>**Amount**<br>**(000)#** | **Termination**<br>**Date** | **Fixed**<br>**Rate** | **Floating**<br> **Rate** | **Fair**<br>**Value** | **Upfront Premiums<br>Paid(Received)** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** | **Counterparty** |
|  **OTC Interest Rate Swap Agreements (cont'd.):** | **OTC Interest Rate Swap Agreements (cont'd.):** | **OTC Interest Rate Swap Agreements (cont'd.):** | **OTC Interest Rate Swap Agreements (cont'd.):** | **OTC Interest Rate Swap Agreements (cont'd.):** | **OTC Interest Rate Swap Agreements (cont'd.):** |  |  |  |
| SAR | 49500 | 04/26/33 | 4.495%(A) | 3 Month SAIBOR(1)(Q)/5.374% | $120501 | $— | $120501 | MSI |
|  | 10000 | 09/22/28 | 3.290%(S) | 1 Week MUNIPSA(1)(Q)/2.780% | (199441) |  | (199441) | JPM |
| ZAR | 40930 | 03/22/42 | 7.800%(Q) | 3 Month JIBAR(2)(Q)/7.542% | (316892) |  | (316892) | CITI |
| ZAR | 89400 | 09/22/42 | 8.020%(Q) | 3 Month JIBAR(2)(Q)/7.542% | (611339) |  | (611339) | CITI |
| ZAR | 38700 | 03/22/47 | 7.650%(Q) | 3 Month JIBAR(1)(Q)/7.542% | 373935 |  | 373935 | CITI |
| ZAR | 83965 | 09/22/47 | 7.890%(Q) | 3 Month JIBAR(1)(Q)/7.542% | 709889 |  | 709889 | CITI |
|  |  |  |  |  | $876188 | $(317) | $876505 |  |

---

(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 April 30, 2025:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Entity** | **Financing**<br> **Rate** | **Counterparty** | **Termination**<br>**Date** | **Long**<br>**(Short)**<br>**Notional**<br>**Amount**<br>**(000)#(1)** | **Fair**<br>**Value** | **Upfront**<br>**Premiums**<br>**Paid**<br>**(Received)** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)(2)** |
|  **OTC Total Return Swap Agreements:** | **OTC Total Return Swap Agreements:** | **OTC Total Return Swap Agreements:** |  |  |  |  |  |
|  Bloomberg U.S. Treasury 1-3 Year Index(T) | 1 Day USOIS +23bps(T)/4.560% | DB | 05/07/25 | 21000 | $248516 | $— | $248516 |
|  U.S. Treasury Bond(T) | 1 Day USOIS +15bps(T)/4.480% | JPM | 05/13/25 | 45637 | (333391) |  | (333391) |
|  U.S. Treasury Bond(T) | 1 Day USOIS -60bps(T)/3.730% | JPM | 05/21/25 | 109615 | 1133223 |  | 1133223 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 85 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

#### Total return swap agreements outstanding at April 30, 2025 (continued):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Entity** | **Financing**<br> **Rate** | **Counterparty** | **Termination**<br>**Date** | **Long**<br>**(Short)**<br>**Notional**<br>**Amount**<br>**(000)#(1)** | **Fair**<br>**Value** | **Upfront**<br>**Premiums**<br>**Paid**<br>**(Received)** | **Unrealized**<br> **Appreciation**<br> **(Depreciation)(2)** |
|  **OTC Total Return Swap Agreements (cont'd.):** | **OTC Total Return Swap Agreements (cont'd.):** | **OTC Total Return Swap Agreements (cont'd.):** |  |  |  |  |  |
|  U.S. Treasury Notes(T) | 1 Day USOIS +18bps(T)/ 4.510% | JPM | 08/12/25 | 57900 | $709527 | $— | $709527 |
|  U.S. Treasury Notes(T) | 1 Day USOIS +18bps(T)/ 4.510% | JPM | 08/12/25 | 93700 | (137040) |  | (137040) |
|  |  |  |  |  | $1620835 | $— | $1620835 |

---

(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).

#### Balances Reported in the Statement of Assets and Liabilities for OTC Swap Agreements:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Premiums Paid** | **Premiums Received** | **Unrealized**<br> **Appreciation**  | **Unrealized**<br> **Depreciation** |
| OTC Swap Agreements | $7581500 | $(5876296) | $18380093 | $(14865341) |

---

#### Summary of Collateral for Centrally Cleared/Exchange-traded Derivatives:
Cash and securities segregated as collateral, including pending settlement for closed positions, to cover requirements for centrally cleared/exchange-traded derivatives are listed by broker as follows:

---

| | | |
|:---|:---|:---|
| **Broker** | **Cash and/or Foreign Currency** | **Securities Market Value** |
|  JPS | $– | $39818488 |

---

#### Fair Value Measurements:
Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below.

Level 1—unadjusted quoted prices generally in active markets for identical securities.

Level 2—quoted prices for similar securities, interest rates and yield curves, prepayment speeds, foreign currency exchange rates and other observable inputs.

Level 3—unobservable inputs for securities valued in accordance with Board approved fair valuation procedures.

---

| |
|:---|
| See Notes to Financial Statements. |
| 86 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

The following is a summary of the inputs used as of April 30, 2025 in valuing such portfolio securities:

---

| | | | |
|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** |
|  **Investments in Securities** |  |  |  |
|  **Assets** |  |  |  |
|  **Long-Term Investments** |  |  |  |
|  Asset-Backed Securities |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canada | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $5631890 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cayman Islands |  | 28836079 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ireland |  | &nbsp;&nbsp;&nbsp;&nbsp;150608337 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spain |  | 281344 | 1802202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Kingdom |  | 13469784 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States |  | 40150224 |  |
|  Commercial Mortgage-Backed Securities |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canada |  | 6016445 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cayman Islands |  | 2569802 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Kingdom |  | 13672072 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States |  | 77532386 |  |
|  Corporate Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brazil |  | 19736821 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bulgaria |  | 12956972 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canada |  | 16637146 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chile |  | 4642668 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; China |  | 15221749 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Denmark |  | 4589427 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; France |  | 60388059 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Germany |  | 29198466 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hong Kong |  | 13010447 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hungary |  | 5978108 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Iceland |  | 6263118 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; India |  | 20723957 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indonesia |  | 13769860 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Israel |  | 17284684 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Italy |  | 15064257 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jamaica |  | 5220705 | —\*\* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japan |  | 1378163 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Luxembourg |  | 24432088 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Malta |  | 3190581 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mexico |  | 51324477 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Netherlands |  | 11188482 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Paraguay |  | 1848199 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Peru |  | 1688697 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Philippines |  | 8726738 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Poland |  | 7165308 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Qatar |  | 9118575 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Russia |  | 9037365 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Saudi Arabia |  | 414874 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Singapore |  | 1220208 |  |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 87 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | |
|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** |
|  **Investments in Securities (continued)** |  |  |  |
|  **Assets (continued)** |  |  |  |
|  **Long-Term Investments (continued)** |  |  |  |
|  Corporate Bonds (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Slovenia | $— | $13276989 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Africa | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 16084313 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Korea |  | 22076013 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spain |  | 6313204 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Supranational Bank |  | 12953357 | 2150797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Switzerland |  | 32562088 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Arab Emirates |  | 21103282 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Kingdom |  | 51034951 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States |  | 486727179 | 22948793 |
|  Floating Rate and Other Loans |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Netherlands |  |  | 2786321 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Kingdom |  | 1779750 | 1185000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States |  | 260584 |  |
|  Municipal Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Louisiana |  | 5027658 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin |  | 2890358 |  |
|  Residential Mortgage-Backed Securities |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States |  | 46566297 | 7900508 |
|  Sovereign Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Andorra |  | 1179937 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Argentina |  | 2727837 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Austria |  | 1803773 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brazil |  | 12932525 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bulgaria |  | 8947312 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canada |  | 11840287 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chile |  | 2959046 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; China |  | 64074151 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colombia |  | 66673693 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cyprus |  | 10816895 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Czech Republic |  | 4483246 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Denmark |  | 3825088 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ecuador |  | 10147679 | 283968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Egypt |  | 5357053 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finland |  | 1337305 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; France |  | 56625429 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gabon |  | 1000000 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Germany |  | 144787 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Greece |  | 89975709 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hong Kong |  | 3234009 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hungary |  | 11751835 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; India |  | 6965356 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indonesia |  | 49280996 |  |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 88 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | |
|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** |
|  **Investments in Securities (continued)** |  |  |  |
|  **Assets (continued)** |  |  |  |
|  **Long-Term Investments (continued)** |  |  |  |
|  Sovereign Bonds (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Israel | $— | $6663806 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Italy |  | 73229738 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japan |  | 4720104 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Malta |  | 3325779 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mexico |  | 22729765 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Zealand |  | 4314626 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Norway |  | 2045204 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Panama |  | 15293485 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Peru |  | 13793277 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Philippines |  | 28898256 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Poland |  | 5874902 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portugal |  | 3142668 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Romania |  | 21033934 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Saudi Arabia |  | 14581958 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Serbia |  | 31039377 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Slovakia |  | 1782087 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Slovenia |  | 3351552 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Africa |  | 2497878 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spain |  | 63402864 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sweden |  | 2406213 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tunisia |  | 571758 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Turkey |  | 2368277 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Arab Emirates |  | 6367750 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Kingdom |  | 64488787 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uruguay |  | 613722 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vietnam |  | 33092526 |  |
|  U.S. Government Agency Obligation |  | 20698464 |  |
|  U.S. Treasury Obligations |  | 109279871 |  |
|  Affiliated Exchange-Traded Fund | 7356003 |  |  |
|  Common Stocks |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jamaica |  | 416465 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spain |  |  | 310262 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States | 2396246 | 1077765 |  |
|  Preferred Stocks |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jamaica |  |  | 44505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States | 119200 |  | &nbsp;&nbsp;&nbsp;&nbsp;633000 |
|  Warrants |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spain |  |  | 190 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States |  | 22262 |  |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 89 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | |
|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** |
|  **Investments in Securities (continued)** |  |  |  |
|  **Assets (continued)** |  |  |  |
|  **Short-Term Investments** |  |  |  |
|  Affiliated Mutual Funds | $14756161 | $— | $— |
|  Options Purchased |  | 349059 |  |
|  **Total** | $**24627610** | $**2440402712** | $**40045546** |
|  **Liabilities** |  |  |  |
|  Options Written | $**(426888)** | $**(360553)** | $**(155)** |
|  **Other Financial Instruments\*** |  |  |  |
|  **Assets** |  |  |  |
|  Futures Contracts | $14460095 | $— | $— |
|  OTC Forward Foreign Currency Exchange Contracts |  | 2330608 |  |
|  OTC Packaged Credit Default Swap Agreements |  | 9505732 |  |
|  Centrally Cleared Credit Default Swap Agreements |  | 565447 |  |
|  OTC Credit Default Swap Agreements |  | 8767050 | 67136 |
|  Centrally Cleared Interest Rate Swap Agreements |  | 36320958 |  |
|  OTC Interest Rate Swap Agreements |  | 3695277 |  |
|  OTC Total Return Swap Agreements |  | 2091266 |  |
|  **Total** | $**14460095** | $**63276338** | $**67136** |
|  **Liabilities** |  |  |  |
|  Futures Contracts | $(12981432) | $— | $— |
|  OTC Forward Foreign Currency Exchange Contracts |  | (5038993) |  |
|  OTC Packaged Credit Default Swap Agreements |  | (9570636) |  |
|  OTC Credit Default Swap Agreements |  | (5878591) | (1019) |
|  OTC Currency Swap Agreement |  | (166739) |  |
|  Centrally Cleared Interest Rate Swap Agreements |  | (95573468) |  |
|  OTC Interest Rate Swap Agreements |  | (2819089) |  |
|  OTC Total Return Swap Agreements |  | (470431) |  |
|  **Total** | $**(12981432)** | $**(119517947)** | $**(1019)** |

---

\* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and centrally cleared swap contracts, which are recorded at unrealized appreciation (depreciation) on the instrument, and OTC swap contracts which are recorded at fair value. 

\*\* Includes Level 3 investments with an aggregate value of $0. 

---

| |
|:---|
| See Notes to Financial Statements. |
| 90 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

The following is a reconciliation of assets in which unobservable inputs (Level 3) were used in determining fair value:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Asset-Backed**<br>**Securities**<br>**-Spain** | **Corporate**<br>**Bonds-Jamaica** | **Corporate**<br>**Bonds-Spain** | **Corporate**<br>**Bonds-Supranational**<br>**Bank** | **Corporate<br>Bonds-United<br>States** |
|  **Balance as of 10/31/24** | $2095015 | $32240 | $496306 | $2102968 | $22759611 |
|  Realized gain (loss) | (29103) | 31850 | 4095 |  |  |
|  Change in unrealized appreciation (depreciation) | 127947 | (27830) | (8754) | 43360 | 294602 |
|  Purchase/Exchange/Issuances |  |  |  |  |  |
|  Sales/Paydowns | (391657) | (36260) | (492438) |  |  |
|  Accrued discount/premium |  |  | 791 | 4469 | (105420) |
|  Transfer into Level 3\* |  |  |  |  |  |
|  Transfer out of Level 3\* |  |  |  |  |  |
|  **Balance as of 04/30/25** | $1802202 | $— | $— | $2150797 | $22948793 |
|  Change in unrealized appreciation (depreciation) relating to securities still held at reporting period end | $127947 | $(30305) | $— | $43360 | $294602 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Floating<br>Rate and**<br>**Other Loans**<br>**-Netherlands** | **Floating<br>Rate and**<br>**Other Loans**<br>**-United Kingdom** | **Residential<br>Mortgage<br>-Backed<br>Securities** | **Sovereign<br>Bonds<br>-Ecuador** | **U.S. Government<br>Agency<br>Obligations** |
|  **Balance as of 10/31/24** | $— | $— | $2116164 | $— | $249875 |
|  Realized gain (loss) |  |  | (1765) | (14328) |  |
|  Change in unrealized appreciation (depreciation) | 193087 | 12000 | (89) | (40800) | 125 |
|  Purchase/Exchange/Issuances | 2591297 | 1173000 | 11686428 | 339096 |  |
|  Sales/Paydowns |  |  | (5898567) |  | (250000) |
|  Accrued discount/premium | 1937 |  | (1663) |  |  |
|  Transfer into Level 3\* |  |  |  |  |  |
|  Transfer out of Level 3\* |  |  |  |  |  |
|  **Balance as of 04/30/25** | $2786321 | $1185000 | $7900508 | $283968 |  |
|  Change in unrealized appreciation (depreciation) relating to securities still held at reporting period end | $193087 | $12000 | $(89) | $(40800) | $— |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Common Stocks<br>-Jamaica** | **Common Stocks<br>-Spain** | **Common Stocks<br>-United States** | **Preferred Stocks<br>-Jamaica** | **Preferred Stocks<br>-United States** |
|  **Balance as of 10/31/24**  | $149333 | $703013 | $485466 | $68559 | $633000 |
|  Realized gain (loss) |  | (6052) |  | 3038 |  |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 91 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Common Stocks<br>-Jamaica** | **Common Stocks<br>-Spain** | **Common Stocks<br>-United States** | **Preferred Stocks<br>-Jamaica** | **Preferred Stocks<br>-United States** |
|  Change in unrealized appreciation (depreciation) | $— | $(110700) | $— | $246 | $— |
|  Purchase/Exchange/Issuances |  |  |  |  |  |
|  Sales/Paydowns |  | (275999) |  | (27338) |  |
|  Accrued discount/premium |  |  |  |  |  |
|  Transfer into Level 3\* |  |  |  |  |  |
|  Transfer out of Level 3\* | (149333) |  | (485466) |  |  |
|  **Balance as of 04/30/25**  | $— | $310262 | $— | $44505 | $633000 |
|  Change in unrealized appreciation (depreciation) relating to securities still held at reporting period end | $— | $(110700) | $— | $246 | $— |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Warrants<br>-Spain** | **Options Written** | **OTC Credit Default<br>Swap Agreements** |
|  **Beginning Balance10/31/24** | $228 | $— | $— |
|  Realized gain (loss) |  |  |  |
|  Change in unrealized appreciation (depreciation) | (38) | (155) | 66117 |
|  Purchase/Exchange/Issuances |  |  |  |
|  Sales/Paydowns |  |  |  |
|  Accrued discount/premium |  |  |  |
|  Transfer into Level 3\* |  |  |  |
|  Transfer out of Level 3\* |  |  |  |
|  **Ending Balance04/30/25** | 190 | (155) | 66117 |
|  Change in unrealized appreciation (depreciation) relating to securities still held at reporting period end | $(38) | $(155) | $66117 |

---

\* It is the Fund's policy to recognize transfers in and transfers out at the securities' fair values as of the beginning of period. Securities transferred between Level 2 and Level 3 are due to changes in the method utilized in valuing the investments. Transfers from Level 2 to Level 3 are typically a result of a change from the use of methods used by independent pricing services (Level 2) to the use of a single broker quote or valuation technique which utilizes significant unobservable inputs due to an absence of current or reliable market quotations (Level 3). Transfers from Level 3 to Level 2 are a result of the availability of current and reliable market data provided by independent pricing services or other valuation techniques which utilize observable inputs. In accordance with the requirements of ASC 820, the amounts of transfers into and out of Level 3, if material, are disclosed in the Notes to the Schedule of Investments of the Fund. 

---

| |
|:---|
| See Notes to Financial Statements. |
| 92 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

Level 3 securities as presented in the table above are being fair valued using pricing methodologies approved by the Board, which contain unobservable inputs as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Level 3 Securities\*\*** | **Fair Value as**<br>**of**<br>**April 30,**<br>**2025** | **Valuation<br>Approach** | **Valuation<br>Methodology** | **Unobservable Inputs** | **Inputs<br>(Range)** |
|  Asset-Backed Securities - Spain | $1 | Market | Recovery Value | Recovery Rate | 0.00% |
|  Asset-Backed Securities - Spain | 1802201 | Market | Yield and Spread | Adjusted Spread | 400 bps |
|  Corporate Bonds - Jamaica |  | Market | Enterprise Value | Recovery Rate | 0.00% |
|  Floating Rate and Other Loans - Netherlands | 2786321 | Market | Comparable Bond | Yield Curve Spread Discount | 150 bps |
|  Preferred Stocks - Jamaica | 44505 | Market | Enterprise Value | Recovery Rate | 11.54% |
|  Preferred Stocks - United States | 633000 | Market | Transaction Based | Unadjusted Price | NA |
|  | $5266028 |  |  |  |  |

---

\*\* The table does not include Level 3 securities and/or derivatives that are valued by independent pricing vendors or brokers. As of April 30, 2025, the aggregate value of these securities and/or derivatives was $34,845,480. The unobservable inputs for these investments were not developed by the Fund and are not readily available (e.g. single broker quotes). 

#### Industry Classification :
The industry classification of investments and other assets in excess of liabilities shown as a percentage of net assets as of April 30, 2025 were as follows:

---

| | |
|:---|:---|
|  Sovereign Bonds | 34 |
|  Banks | 12.9 |
|  Collateralized Loan Obligations | 7.5 |
|  Electric | 4.9 |
|  U.S. Treasury Obligations | 4.3 |
|  Commercial Mortgage-Backed Securities | 3.9 |
|  Oil & Gas | 3.5 |
|  Real Estate Investment Trusts (REITs) | 2.8 |
|  Residential Mortgage-Backed Securities | 2.3 |
|  Diversified Financial Services | 1.8 |
|  Insurance | 1.5 |
|  Telecommunications | 1.5 |
|  Commercial Services | 1.2 |
|  Pipelines | 1.2 |
|  Real Estate | 1.2 |
|  Transportation | 1 |
|  Healthcare-Products | 0.9 |

---

---

| | |
|:---|:---|
|  U.S. Government Agency Obligation | 0.8 |
|  Home Builders | 0.7 |
|  Electronics | 0.7 |
|  Pharmaceuticals | 0.7 |
|  Media | 0.6 |
|  Multi-National | 0.6 |
|  Affiliated Mutual Funds (0.5% represents investments purchased with collateral from securities on loan) | 0.6 |
|  Home Equity Loans | 0.6 |
|  Foods | 0.6 |
|  Internet | 0.5 |
|  Auto Manufacturers | 0.5 |
|  Automobiles | 0.5 |
|  Agriculture | 0.5 |
|  Healthcare-Services | 0.4 |
|  Computers | 0.4 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 93 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

#### Industry Classification (continued) :

---

| | |
|:---|:---|
|  Credit Cards | 0.4 |
|  Municipal Bonds | 0.3 |
|  Affiliated Exchange-Traded Fund | 0.3 |
|  Aerospace & Defense | 0.3 |
|  Software | 0.3 |
|  Consumer Loans | 0.2 |
|  Entertainment | 0.2 |
|  Auto Parts & Equipment | 0.2 |
|  Engineering & Construction | 0.2 |
|  Other | 0.2 |
|  Semiconductors | 0.2 |
|  Building Materials | 0.2 |
|  Metal Fabricate/Hardware | 0.1 |
|  Leisure Time | 0.1 |
|  Mining | 0.1 |
|  Oil, Gas & Consumable Fuels | 0.1 |
|  Holding Companies-Diversified | 0.1 |
|  Airlines | 0.1 |
|  Chemicals | 0.1 |
|  Miscellaneous Manufacturing | 0.1 |
|  Interactive Media & Services | 0.1 |

---

---

| | | |
|:---|:---|:---|
|  Student Loans | 0 | \*% |
|  Iron/Steel | 0 | \* |
|  Retail | 0 | \* |
|  Electronic Equipment, Instruments & Components | 0 | \* |
|  Housewares | 0 | \* |
|  Cosmetics/Personal Care | 0 | \* |
|  Wireless Telecommunication Services | 0 | \* |
|  Gas Utilities | 0 | \* |
|  Investment Companies | 0 | \* |
|  Options Purchased | 0 | \* |
|  Hotels, Restaurants & Leisure | 0 | \* |
|  Forest Products & Paper | 0 | \* |
|  | 99 |  |
|  Options Written | (0.0) |)\* |
|  Other assets in excess of liabilities | 1 |  |
|  | 100 | % |

---

\* Less than 0.05% 

#### Effects of Derivative Instruments on the Financial Statements and Primary Underlying Risk Exposure:
The Fund invested in derivative instruments during the reporting period. The primary types of risk associated with these derivative instruments are credit risk, foreign exchange risk and interest rate risk. See the Notes to Financial Statements for additional detail regarding these derivative instruments and their risks. The effect of such derivative instruments on the Fund's financial position and financial performance as reflected in the Statement of Assets and Liabilities and Statement of Operations is presented in the summary below.

Fair values of derivative instruments as of April 30, 2025 as presented in the Statement of Assets and Liabilities:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset Derivatives**  | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset Derivatives**  | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liability Derivatives**  | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liability Derivatives**  |
| <br>**Derivatives not accounted**<br> **for as hedging**<br> **instruments, carried at**<br> **fair value**  | **Statement of**<br> **Assets and**<br> **Liabilities Location** | **Fair**<br> **Value** | **Statement of**<br> **Assets and**<br> **Liabilities Location** | **Fair**<br> **Value** |
|  Credit contracts | Due from/to broker-variation margin swaps | $565,447\* |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  Credit contracts | Premiums paid for OTC swap agreements | 7581467 | Premiums received for OTC swap agreements | 5875946 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 94 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset Derivatives**  | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset Derivatives**  | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liability Derivatives**  | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liability Derivatives**  |
| <br>**Derivatives not accounted**<br> **for as hedging**<br> **instruments, carried at**<br> **fair value**  | **Statement of**<br> **Assets and**<br> **Liabilities Location** | **Fair**<br> **Value** | **Statement of**<br> **Assets and**<br> **Liabilities Location** | **Fair**<br> **Value** |
|  Credit contracts | Unrealized appreciation on OTC swap agreements | $12593551 | Unrealized depreciation on OTC swap agreements | $11409400 |
|  Foreign exchange contracts | Due from/to broker-variation margin futures | 6,404,133\* | Due from/to broker-variation margin futures | 10,856,439\* |
|  Foreign exchange contracts | Unrealized appreciation on OTC forward foreign currency exchange contracts | 2330608 | Unrealized depreciation on OTC forward foreign currency exchange contracts | 5038993 |
|  Interest rate contracts | Due from/to broker-variation margin futures | 8,055,962\* | Due from/to broker-variation margin futures | 2,124,993\* |
|  Interest rate contracts | Due from/to broker-variation margin swaps | 36,320,958\* | Due from/to broker-variation margin swaps | 95,573,468\* |
|  Interest rate contracts | Premiums paid for OTC swap agreements | 33 | Premiums received for OTC swap agreements | 350 |
|  Interest rate contracts | Unaffiliated investments | 349059 | Options written outstanding, at value | 787596 |
|  Interest rate contracts | Unrealized appreciation on OTC swap agreements | 5786542 | Unrealized depreciation on OTC swap agreements | 3455941 |
|  |  | $79987760 |  | $135123126 |

---

\* Includes cumulative appreciation (depreciation) as reported in the schedule of open futures and centrally cleared swap contracts. Only unsettled variation margin receivable (payable) is reported within the Statement of Assets and Liabilities.

The effects of derivative instruments on the Statement of Operations for the six months ended April 30, 2025 are as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Amount of Realized Gain (Loss) on Derivatives Recognized in Income** | **Amount of Realized Gain (Loss) on Derivatives Recognized in Income** | **Amount of Realized Gain (Loss) on Derivatives Recognized in Income** | **Amount of Realized Gain (Loss) on Derivatives Recognized in Income** | **Amount of Realized Gain (Loss) on Derivatives Recognized in Income** | **Amount of Realized Gain (Loss) on Derivatives Recognized in Income** |
| **Derivatives not accounted for as**<br> **hedging**<br> **instruments, carried at fair value** | **Options**<br> **Purchased(1)** | **Options**<br> **Written**  | **Futures**  | **Forward**<br> **Currency**<br> **Exchange**<br> **Contracts** | **Swaps** |
|  Credit contracts | $(87000) | $357618 | $— | $— | $(700181) |
|  Foreign exchange contracts |  |  | (83735) | (18398530) |  |
|  Interest rate contracts | 277684 | 45954 | (4786567) |  | (27406841) |
|  **Total** | $190684 | $403572 | $(4870302) | $(18398530) | $(28107022) |

---

(1) Included in net realized gain (loss) on investment transactions in the Statement of Operations.

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 95 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income** | **Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income** | **Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income** | **Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income** | **Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income** | **Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income** |
| **Derivatives not accounted for**<br> **as hedging instruments,**<br> **<u>carried at fair value</u>** | **Options<br>Purchased(2)** | **Options <br>Written** | **Futures** | **Forward<br>Currency<br> Exchange <br>Contracts** | **Swaps** |
|  Credit contracts | $11738 | $(114023) | $— | $— | $2308996 |
|  Foreign exchange contracts |  |  | 285041 | (1262943) |  |
|  Interest rate contracts | 61219 | (189733) | 4937108 |  | 33985853 |
|  **Total** | $72957 | $(303756) | $5222149 | $(1262943) | $36294849 |

---

(2) Included in net change in unrealized appreciation (depreciation) on investments in the Statement of Operations.

For the six months ended April 30, 2025, the Fund's average volume of derivative activities is as follows:

---

| | |
|:---|:---|
| **Derivative Contract Type** | **Average Volume of Derivative Activities\*** |
| &nbsp;&nbsp; Options Purchased (1) | $148128 |
| &nbsp;&nbsp; Options Written (2) | 629442550 |
| &nbsp;&nbsp; Futures Contracts - Long Positions (2) | 713406087 |
| &nbsp;&nbsp; Futures Contracts - Short Positions (2) | 747139156 |
| &nbsp;&nbsp; Forward Foreign Currency Exchange Contracts - Purchased (3) | 254969605 |
| &nbsp;&nbsp; Forward Foreign Currency Exchange Contracts - Sold (3) | 382409601 |
| &nbsp;&nbsp; Interest Rate Swap Agreements (2) | 3933147950 |
| &nbsp;&nbsp; Credit Default Swap Agreements - Buy Protection (2) | 451307663 |
| &nbsp;&nbsp; Credit Default Swap Agreements - Sell Protection (2) | 665096254 |
| &nbsp;&nbsp; Currency Swap Agreements (2) | 1563966 |
| &nbsp;&nbsp; Total Return Swap Agreements (2) | 340480333 |

---

\* Average volume is based on average quarter end balances for the six months ended April 30, 2025.

(1) Cost.

(2) Notional Amount in USD.

(3) Value at Settlement Date.

---

| |
|:---|
| See Notes to Financial Statements. |
| 96 |

---

------

PGIM Global Total Return Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

#### Financial Instruments/Transactions—Summary of Offsetting and Netting Arrangements:
The Fund invested in OTC derivatives and entered into financial instruments/transactions during the reporting period that are either offset in accordance with current requirements or are subject to enforceable master netting arrangements or similar agreements that permit offsetting. The information about offsetting and related netting arrangements for OTC derivatives and financial instruments/transactions where the legal right to set-off exists is presented in the summary below.

#### Offsetting of financial instrument/transaction assets and liabilities:

---

| | | | |
|:---|:---|:---|:---|
| **Description** | **Gross Market<br>Value of<br>Recognized<br>Assets/(Liabilities)** | **Collateral<br>Pledged/(Received)(2)** | **Net<br> Amount** |
| &nbsp;&nbsp; <br> Securities on Loan | $11115363 | $(11115363) | $— |

---

#### Offsetting of OTC derivative assets and liabilities:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Gross Amounts of**<br>**Recognized**<br>**Assets(1)** | **Gross Amounts of**<br>**Recognized**<br>**Liabilities(1)** | **Net Amounts of**<br>**Recognized**<br>**Assets/(Liabilities)** | **Collateral**<br>**Pledged/(Received)(2)** | **Net Amount** |
| BARC | $2719233 | $(1438678) | $1280555 | $(1271129) | $9426 |
| BNP | 450328 | (125401) | 324927 | (72623) | 252304 |
| BNY | 17501 |  | 17501 |  | 17501 |
| BOA | 117490 | (1270025) | (1152535) | 1152535 |  |
| CITI | 2252266 | (3217118) | (964852) | 964852 |  |
| DB | 708795 | (376179) | 332616 | (264504) | 68112 |
| GSI | 7540675 | (6082593) | 1458082 | (590000) | 868082 |
| HSBC | 3455088 | (6134589) | (2679501) | 2679501 |  |
| JPM | 3345516 | (1694149) | 1651367 | (1651367) |  |
| MSI | 6526878 | (5635867) | 891011 | (723064) | 167947 |
| SCB | 423355 | (166739) | 256616 | (256616) |  |
| SSB | 637321 |  | 637321 | (140188) | 497133 |
| TD | 446814 |  | 446814 |  | 446814 |
|  | $28641260 | $(26141338) | $2499922 | $(172603) | $2327319 |

---

(1) Includes unrealized appreciation/(depreciation) on swaps and forwards, premiums paid/(received) on swap agreements and market value of purchased and written options, as represented on the Statement of Assets and Liabilities.

(2) Collateral amount disclosed by the Fund is limited to the market value of financial instruments/transactions and the Fund's OTC derivative exposure by counterparty.

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 97 |

---

------

PGIM Global Total Return Fund

Statement of Assets & Liabilities (unaudited)

as of April 30, 2025

---

| | |
|:---|:---|
| &nbsp;&nbsp; **Assets** |  |
| &nbsp;&nbsp; Investments at value, including securities on loan of $11,115,363: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated investments (cost $2,654,630,797) | $2482963704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated investments (cost $22,075,402) | 22112164 |
| &nbsp;&nbsp; Foreign currency, at value (cost $810,645) | 812857 |
| &nbsp;&nbsp; Dividends and interest receivable | 29578743 |
| &nbsp;&nbsp; Receivable for investments sold | 25265605 |
| &nbsp;&nbsp; Unrealized appreciation on OTC swap agreements | 18380093 |
| &nbsp;&nbsp; Premiums paid for OTC swap agreements | 7581500 |
| &nbsp;&nbsp; Receivable for Fund shares sold | 5137125 |
| &nbsp;&nbsp; Unrealized appreciation on OTC forward foreign currency exchange contracts | 2330608 |
| &nbsp;&nbsp; Due from broker—variation margin swaps | 745326 |
| &nbsp;&nbsp; Tax reclaim receivable | 38423 |
| &nbsp;&nbsp; Prepaid expenses | 8660 |
| &nbsp;&nbsp; **Total Assets** | 2594954808 |
| &nbsp;&nbsp; **Liabilities** |  |
| &nbsp;&nbsp; Unrealized depreciation on OTC swap agreements | 14865341 |
| &nbsp;&nbsp; Payable for Fund shares purchased | 12679140 |
| &nbsp;&nbsp; Payable to broker for collateral for securities on loan | 11520579 |
| &nbsp;&nbsp; Payable for investments purchased | 10830930 |
| &nbsp;&nbsp; Premiums received for OTC swap agreements | 5876296 |
| &nbsp;&nbsp; Unrealized depreciation on OTC forward foreign currency exchange contracts | 5038993 |
| &nbsp;&nbsp; Payable to custodian | 1695861 |
| &nbsp;&nbsp; Management fee payable | 982159 |
| &nbsp;&nbsp; Accrued expenses and other liabilities | 864431 |
| &nbsp;&nbsp; Options written outstanding, at value (premiums received $461,614) | 787596 |
| &nbsp;&nbsp; Dividends payable | 371953 |
| &nbsp;&nbsp; Due to broker—variation margin futures | 118957 |
| &nbsp;&nbsp; Distribution fee payable | 41187 |
| &nbsp;&nbsp; Affiliated transfer agent fee payable | 19287 |
| &nbsp;&nbsp; **Total Liabilities** | 65692710 |
| &nbsp;&nbsp; **Net Assets** | $2529262098 |
| &nbsp;&nbsp; Net assets were comprised of: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common stock, at par | $4755612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Paid-in capital in excess of par | 3711685719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total distributable earnings (loss) | (1187179233) |
| &nbsp;&nbsp; **Net assets, April 30, 2025** | $2529262098 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 98 |

---

------

PGIM Global Total Return Fund

Statement of Assets & Liabilities (unaudited) (continued)

as of April 30, 2025

---

| | |
|:---|:---|
| &nbsp;&nbsp; **Class A** |  |
| &nbsp;&nbsp; Net asset value and redemption price per share,<br> ($157,615,134 ÷ 29,900,478 shares of common stock issued and outstanding) | $5.27 |
| &nbsp;&nbsp; Maximum sales charge (3.25% of offering price) | 0.18 |
| &nbsp;&nbsp; Maximum offering price to public | $5.45 |
| &nbsp;&nbsp; **Class C** |  |
| &nbsp;&nbsp; Net asset value, offering price and redemption price per share,<br> ($10,545,540 ÷ 2,004,545 shares of common stock issued and outstanding) | $5.26 |
| &nbsp;&nbsp; **Class Z** |  |
| &nbsp;&nbsp; Net asset value, offering price and redemption price per share,<br> ($878,380,146 ÷ 165,724,236 shares of common stock issued and outstanding) | $5.30 |
| &nbsp;&nbsp; **Class R2** |  |
| &nbsp;&nbsp; Net asset value, offering price and redemption price per share,<br> ($2,536,258 ÷ 475,111 shares of common stock issued and outstanding) | $5.34 |
| &nbsp;&nbsp; **Class R4** |  |
| &nbsp;&nbsp; Net asset value, offering price and redemption price per share,<br> ($12,102,084 ÷ 2,265,634 shares of common stock issued and outstanding) | $5.34 |
| &nbsp;&nbsp; **Class R6** |  |
| &nbsp;&nbsp; Net asset value, offering price and redemption price per share,<br> ($1,468,082,936 ÷ 275,191,146 shares of common stock issued and outstanding) | $5.33 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 99 |

---

------

PGIM Global Total Return Fund

Statement of Operations (unaudited)

Six Months Ended April 30, 2025

---

| | |
|:---|:---|
| &nbsp;&nbsp; **Net Investment Income (Loss)** |  |
| &nbsp;&nbsp; Income |  |
| &nbsp;&nbsp; Interest income | $51512218 |
| &nbsp;&nbsp; Affiliated dividend income | 655878 |
| &nbsp;&nbsp; Unaffiliated dividend income | 47838 |
| &nbsp;&nbsp; Income from securities lending, net (including affiliated income of $16,134) | 16137 |
| &nbsp;&nbsp; **Total income** | 52232071 |
| &nbsp;&nbsp; Expenses |  |
| &nbsp;&nbsp; Management fee | 6423965 |
| &nbsp;&nbsp; Distribution fee(a) | 252519 |
| &nbsp;&nbsp; Shareholder servicing fees(a) | 7502 |
| &nbsp;&nbsp; Transfer agent's fees and expenses (including affiliated expense of $68,205)(a) | 857693 |
| &nbsp;&nbsp; Shareholders' reports | 135570 |
| &nbsp;&nbsp; Custodian and accounting fees | 104934 |
| &nbsp;&nbsp; Registration fees(a) | 60821 |
| &nbsp;&nbsp; Audit fee | 37310 |
| &nbsp;&nbsp; Professional fees | 26222 |
| &nbsp;&nbsp; Directors' fees | 21193 |
| &nbsp;&nbsp; Miscellaneous | 49701 |
| &nbsp;&nbsp; **Total expenses** | 7977430 |
| &nbsp;&nbsp; Less: Fee waiver and/or expense reimbursement(a) | (273568) |
| &nbsp;&nbsp; **Net expenses** | 7703862 |
| &nbsp;&nbsp; Net investment income (loss) | 44528209 |
| &nbsp;&nbsp; **Realized And Unrealized Gain (Loss) On Investment And Foreign Currency Transactions** |  |
| &nbsp;&nbsp; Net realized gain (loss) on: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment transactions (including affiliated of $(6650)) | (15114993) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated net capital gain distributions received | 3710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures transactions | (4870302) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forward currency contract transactions | (18398530) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Options written transactions | 403572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Swap agreement transactions | (28107022) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency transactions | (14142995) |
|  | (80226560) |
| &nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments (including affiliated of $(12595)) | 97097154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures | 5222149 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forward currency contracts | (1262943) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Options written | (303756) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Swap agreements | 36294849 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currencies | 3457076 |
|  | 140504529 |
| &nbsp;&nbsp; Net gain (loss) on investment and foreign currency transactions | 60277969 |
| &nbsp;&nbsp; **Net Increase (Decrease) In Net Assets Resulting From Operations** | $104806178 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 100 |

---

------

PGIM Global Total Return Fund

Statement of Operations (unaudited) (continued)

Six Months Ended April 30, 2025

(a) Class specific expenses and waivers were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Class A** | **Class C** | **Class Z** | **Class R2** | **Class R4** | **Class R6** |
|  Distribution fee | 193133 | 55831 |  | 3555 |  |  |
|  Shareholder servicing fees |  |  |  | 1422 | 6080 |  |
|  Transfer agent's fees and expenses | 133002 | 8356 | 649002 | 4531 | 11156 | 51646 |
|  Registration fees | 10208 | 7468 | 16041 | 3234 | 3592 | 20278 |
|  Fee waiver and/or expense reimbursement | (62284) | (9991) | (190112) | (4852) | (2311) | (4018) |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 101 |

---

------

PGIM Global Total Return Fund

Statements of Changes in Net Assets (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Six Months Ended<br>April 30, 2025** | **Year Ended<br>October 31, 2024** |
| &nbsp;&nbsp;&nbsp;&nbsp; **Increase (Decrease) in Net Assets** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; **Operations** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $44528209 | $104916805 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investment and foreign currency transactions | (80230270) | (108710539) |
| &nbsp;&nbsp;&nbsp;&nbsp; Affiliated net capital gain distributions received | 3710 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments and foreign currencies | 140504529 | 342363319 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 104806178 | 338569585 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Dividends and Distributions** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions from distributable earnings |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Class A | (4338657) | (5625571) |
| &nbsp;&nbsp;&nbsp;&nbsp; Class C | (274960) | (376500) |
| &nbsp;&nbsp;&nbsp;&nbsp; Class Z | (27074498) | (37060982) |
| &nbsp;&nbsp;&nbsp;&nbsp; Class R2 | (81117) | (131469) |
| &nbsp;&nbsp;&nbsp;&nbsp; Class R4 | (343003) | (440800) |
| &nbsp;&nbsp;&nbsp;&nbsp; Class R6 | (44507468) | (57548559) |
|  | (76619703) | (101183881) |
| &nbsp;&nbsp;&nbsp;&nbsp; **Fund share transactions (Net of share conversions)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net proceeds from shares sold | 337827696 | 764647292 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net asset value of shares issued in reinvestment of dividends and distributions | 73202236 | 96786362 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cost of shares purchased | (652805311) | (1020525267) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from Fund share transactions | (241775379) | (159091613) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase (decrease) | (213588904) | 78294091 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Net Assets:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period | 2742851002 | 2664556911 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of period | $2529262098 | $2742851002 |

---

See Notes to Financial Statements.

------

PGIM Global Total Return Fund

Financial Highlights (unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; **Class A Shares** |  |  |  |  |  |  |
|  | **Six Months**<br> **Ended**<br> **April 30,**<br> **2025** | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, |
|  | **Six Months**<br> **Ended**<br> **April 30,**<br> **2025** | **2024** | **2023** | **2022** | **2021** | **2020** |
| &nbsp;&nbsp;&nbsp; **Per Share Operating Performance<sup>(a)</sup>:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **Net Asset Value, Beginning of Period** | $5.20 | $4.77 | $4.67 | $6.67 | $6.96 | $7.07 |
| &nbsp;&nbsp;&nbsp; **Income (loss) from investment operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 0.08 | 0.18 | 0.17 <sup>(b)</sup> | 0.13 | 0.11 | 0.13 |
| &nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investment and foreign currency transactions | 0.13 | 0.42 | 0.13 <sup>(c)</sup> | (1.91) | (0.17) | 0.16 |
| &nbsp;&nbsp;&nbsp;Total from investment operations | 0.21 | 0.60 | 0.30 | (1.78) | (0.06) | 0.29 |
| &nbsp;&nbsp;&nbsp; **Less Dividends and Distributions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dividends from net investment income<sup>\*</sup> | (0.14) | (0.17) | (0.07) | (0.03) | (0.23) | (0.23) |
| &nbsp;&nbsp;&nbsp; Tax return of capital distributions |  |  | (0.13) | (0.19) |  |  |
| &nbsp;&nbsp;&nbsp; Distributions from net realized gains |  |  |  |  |  | (0.17) |
| &nbsp;&nbsp;&nbsp; Total dividends and distributions | (0.14) | (0.17) | (0.20) | (0.22) | (0.23) | (0.40) |
| &nbsp;&nbsp;&nbsp; Net asset value, end of period | $5.27 | $5.20 | $4.77 | $4.67 | $6.67 | $6.96 |
| &nbsp;&nbsp;&nbsp; **Total Return<sup>(d)</sup>:** | 4.21% | 12.76% | 6.22% | (27.22)% | (0.97)% | 4.35% |
| &nbsp;&nbsp;&nbsp; **Ratios/Supplemental Data:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of period (000) | $157615 | $163150 | $161661 | $185414 | $337257 | $326416 |
| &nbsp;&nbsp;&nbsp; Average net assets (000) | $155787 | $165472 | $180957 | $257676 | $344592 | $285380 |
| &nbsp;&nbsp;&nbsp; Ratios to average net assets<sup>(e)</sup>: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Expenses after waivers and/or expense reimbursement | 0.88 %<sup>(f)</sup> | 0.88% | 0.89 %<sup>(g)</sup> | 0.88% | 0.88% | 0.88% |
| &nbsp;&nbsp;&nbsp; Expenses before waivers and/or expense reimbursement | 0.96 %<sup>(f)</sup> | 0.95% | 0.98% | 0.93% | 0.91% | 0.96% |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 3.15 %<sup>(f)</sup> | 3.54% | 3.40% | 2.29% | 1.58% | 1.94% |
| &nbsp;&nbsp;&nbsp; Portfolio turnover rate<sup>(h)</sup> | 10% | 35% | 6% | 13% | 23% | 20% |

---

\* Dividends from net investment income may include other items that are ordinary income for tax purposes.

(a) Calculated based on average shares outstanding during the period.

(b) The per share amount of net investment income (loss) does not directly correlate to the amounts reported in the Statement of Operations due to class specific expenses.

(c) The per share amount of realized and unrealized gain (loss) on investments does not directly correlate to the amounts reported in the Statement of Operations due to the timing of portfolio share transactions in relation to fluctuating market values.

(d) Total return does not consider the effects of sales loads. Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each period reported and includes reinvestment of dividends and distributions, if any. Total returns may reflect adjustments to conform to GAAP. Total returns for periods less than one full year are not annualized.

(e) Does not include expenses of the underlying funds in which the Fund invests.

(f) Annualized.

(g) Includes interest expense on borrowings from the Syndicated Credit Agreement of 0.01% which are being excluded from the Fund's contractual waiver, if applicable, for the year ended October 31, 2023.

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 103 |

---

------

PGIM Global Total Return Fund

Financial Highlights (unaudited) (continued)

(h) The Fund's portfolio turnover rate is calculated in accordance with regulatory requirements, without regard to transactions involving short-term investments, certain derivatives and in-kind transactions (if any). If such transactions were included, the Fund's portfolio turnover rate may be higher.

---

| |
|:---|
| See Notes to Financial Statements. |
| 104 |

---

------

PGIM Global Total Return Fund

Financial Highlights (unaudited) (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; **Class C Shares** |  |  |  |  |  |  |
|  | **Six Months<br>Ended<br>April 30,**<br> **2025** | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, |
|  | **Six Months<br>Ended<br>April 30,**<br> **2025** | 2024 | 2023 | 2022 | 2021 | 2020 |
| &nbsp;&nbsp;&nbsp; **Per Share Operating Performance<sup>(a)</sup>:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **Net Asset Value, Beginning of Period** | $5.19 | $4.76 | $4.66 | $6.66 | $6.95 | $7.06 |
| &nbsp;&nbsp;&nbsp; **Income (loss) from investment operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 0.06 | 0.14 | 0.13 | 0.09 | 0.06 | 0.08 |
| &nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investment and foreign currency transactions | 0.13 | 0.43 | 0.13 | (1.90) | (0.17) | 0.16 |
| &nbsp;&nbsp;&nbsp;Total from investment operations | 0.19 | 0.57 | 0.26 | (1.81) | (0.11) | 0.24 |
| &nbsp;&nbsp;&nbsp; **Less Dividends and Distributions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dividends from net investment income<sup>\*</sup> | (0.12) | (0.14) | (0.03) |  | (0.18) | (0.18) |
| &nbsp;&nbsp;&nbsp; Tax return of capital distributions |  |  | (0.13) | (0.19) |  |  |
| &nbsp;&nbsp;&nbsp; Distributions from net realized gains |  |  |  |  |  | (0.17) |
| &nbsp;&nbsp;&nbsp; Total dividends and distributions | (0.12) | (0.14) | (0.16) | (0.19) | (0.18) | (0.35) |
| &nbsp;&nbsp;&nbsp; Net asset value, end of period | $5.26 | $5.19 | $4.76 | $4.66 | $6.66 | $6.95 |
| &nbsp;&nbsp;&nbsp; **Total Return<sup>(b)</sup>:** | 3.83% | 11.95% | 5.43% | (27.82)% | (1.72)% | 3.57% |
| &nbsp;&nbsp;&nbsp; **Ratios/Supplemental Data:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of period (000) | $10546 | $12383 | $15099 | $19422 | $42012 | $46157 |
| &nbsp;&nbsp;&nbsp; Average net assets (000) | $11259 | $14158 | $17962 | $29474 | $45988 | $42925 |
| &nbsp;&nbsp;&nbsp; Ratios to average net assets<sup>(c)</sup>: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Expenses after waivers and/or expense reimbursement | 1.63 %<sup>(d)</sup> | 1.63% | 1.64 %<sup>(e)</sup> | 1.63% | 1.63% | 1.63% |
| &nbsp;&nbsp;&nbsp; Expenses before waivers and/or expense reimbursement | 1.81 %<sup>(d)</sup> | 1.79% | 1.73% | 1.69% | 1.66% | 1.68% |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 2.41 %<sup>(d)</sup> | 2.79% | 2.65% | 1.51% | 0.83% | 1.20% |
| &nbsp;&nbsp;&nbsp; Portfolio turnover rate<sup>(f)</sup> | 10% | 35% | 6% | 13% | 23% | 20% |

---

\* Dividends from net investment income may include other items that are ordinary income for tax purposes.

(a) Calculated based on average shares outstanding during the period.

(b) Total return does not consider the effects of sales loads. Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each period reported and includes reinvestment of dividends and distributions, if any. Total returns may reflect adjustments to conform to GAAP. Total returns for periods less than one full year are not annualized.

(c) Does not include expenses of the underlying funds in which the Fund invests.

(d) Annualized.

(e) Includes interest expense on borrowings from the Syndicated Credit Agreement of 0.01% which are being excluded from the Fund's contractual waiver, if applicable, for the year ended October 31, 2023.

(f) The Fund's portfolio turnover rate is calculated in accordance with regulatory requirements, without regard to transactions involving short-term investments, certain derivatives and in-kind transactions (if any). If such transactions were included, the Fund's portfolio turnover rate may be higher.

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 105 |

---

------

PGIM Global Total Return Fund

Financial Highlights (unaudited) (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; **Class Z Shares** |  |  |  |  |  |  |
|  | Six Months<br>Ended<br>April 30,<br>2025 | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, |
|  | Six Months<br>Ended<br>April 30,<br>2025 | **2024** | **2023** | **2022** | **2021** | **2020** |
| &nbsp;&nbsp;&nbsp; **Per Share Operating Performance<sup>(a)</sup>:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **Net Asset Value, Beginning of Period** | $5.23 | $4.79 | $4.69 | $6.71 | $7.00 | $7.11 |
| &nbsp;&nbsp;&nbsp; **Income (loss) from investment operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 0.09 | 0.20 | 0.18 <sup>(b)</sup> | 0.15 | 0.13 | 0.15 |
| &nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investment and foreign currency transactions | 0.13 | 0.43 | 0.13 <sup>(c)</sup> | (1.94) | (0.17) | 0.16 |
| &nbsp;&nbsp;&nbsp;Total from investment operations | 0.22 | 0.63 | 0.31 | (1.79) | (0.04) | 0.31 |
| &nbsp;&nbsp;&nbsp; **Less Dividends and Distributions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dividends from net investment income<sup>\*</sup> | (0.15) | (0.19) | (0.08) | (0.04) | (0.25) | (0.25) |
| &nbsp;&nbsp;&nbsp; Tax return of capital distributions |  |  | (0.13) | (0.19) |  |  |
| &nbsp;&nbsp;&nbsp; Distributions from net realized gains |  |  |  |  |  | (0.17) |
| &nbsp;&nbsp;&nbsp; Total dividends and distributions | (0.15) | (0.19) | (0.21) | (0.23) | (0.25) | (0.42) |
| &nbsp;&nbsp;&nbsp; Net asset value, end of period | $5.30 | $5.23 | $4.79 | $4.69 | $6.71 | $7.00 |
| &nbsp;&nbsp;&nbsp; **Total Return<sup>(d)</sup>:** | 4.32% | 13.22% | 6.47% | (27.16)% | (0.70)% | 4.61% |
| &nbsp;&nbsp;&nbsp; **Ratios/Supplemental Data:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of period (000) | $878380 | $996287 | $993606 | $1303382 | $2907890 | $2264938 |
| &nbsp;&nbsp;&nbsp; Average net assets (000) | $916387 | $1016673 | $1131695 | $2068163 | $2809784 | $1726788 |
| &nbsp;&nbsp;&nbsp; Ratios to average net assets<sup>(e)</sup>: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Expenses after waivers and/or expense reimbursement | 0.63 %<sup>(f)</sup> | 0.63% | 0.64 %<sup>(g)</sup> | 0.63% | 0.63% | 0.63% |
| &nbsp;&nbsp;&nbsp; Expenses before waivers and/or expense reimbursement | 0.67 %<sup>(f)</sup> | 0.65% | 0.67% | 0.65% | 0.65% | 0.68% |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 3.41 %<sup>(f)</sup> | 3.78% | 3.65% | 2.51% | 1.82% | 2.18% |
| &nbsp;&nbsp;&nbsp; Portfolio turnover rate<sup>(h)</sup> | 10% | 35% | 6% | 13% | 23% | 20% |

---

\* Dividends from net investment income may include other items that are ordinary income for tax purposes.

(a) Calculated based on average shares outstanding during the period.

(b) The per share amount of net investment income (loss) does not directly correlate to the amounts reported in the Statement of Operations due to class specific expenses.

(c) The per share amount of realized and unrealized gain (loss) on investments does not directly correlate to the amounts reported in the Statement of Operations due to the timing of portfolio share transactions in relation to fluctuating market values.

(d) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each period reported and includes reinvestment of dividends and distributions, if any. Total returns may reflect adjustments to conform to GAAP. Total returns for periods less than one full year are not annualized.

(e) Does not include expenses of the underlying funds in which the Fund invests.

---

| |
|:---|
| See Notes to Financial Statements. |
| 106 |

---

------

PGIM Global Total Return Fund

Financial Highlights (unaudited) (continued)

(f) Annualized.

(g) Includes interest expense on borrowings from the Syndicated Credit Agreement of 0.01% which are being excluded from the Fund's contractual waiver, if applicable, for the year ended October 31, 2023.

(h) The Fund's portfolio turnover rate is calculated in accordance with regulatory requirements, without regard to transactions involving short-term investments, certain derivatives and in-kind transactions (if any). If such transactions were included, the Fund's portfolio turnover rate may be higher.

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 107 |

---

------

PGIM Global Total Return Fund

Financial Highlights (unaudited) (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; **Class R2 Shares** |  |  |  |  |  |  |
|  | **Six Months<br>Ended<br>April 30,**<br> **2025** | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, |
|  | **Six Months<br>Ended<br>April 30,**<br> **2025** | **2024** | **2023** | **2022** | **2021** | **2020** |
| &nbsp;&nbsp;&nbsp; **Per Share Operating Performance<sup>(a)</sup>:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **Net Asset Value, Beginning of Period** | $5.27 | $4.83 | $4.72 | $6.76 | $7.05 | $7.16 |
| &nbsp;&nbsp;&nbsp; **Income (loss) from investment operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 0.08 | 0.17 | 0.16 <sup>(b)</sup> | 0.12 | 0.10 | 0.11 |
| &nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investment and foreign currency transactions | 0.13 | 0.44 | 0.14 <sup>(c)</sup> | (1.95) | (0.17) | 0.17 |
| &nbsp;&nbsp;&nbsp;Total from investment operations | 0.21 | 0.61 | 0.30 | (1.83) | (0.07) | 0.28 |
| &nbsp;&nbsp;&nbsp; **Less Dividends and Distributions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dividends from net investment income<sup>\*</sup> | (0.14) | (0.17) | (0.06) | (0.02) | (0.22) | (0.22) |
| &nbsp;&nbsp;&nbsp; Tax return of capital distributions |  |  | (0.13) | (0.19) |  |  |
| &nbsp;&nbsp;&nbsp; Distributions from net realized gains |  |  |  |  |  | (0.17) |
| &nbsp;&nbsp;&nbsp; Total dividends and distributions | (0.14) | (0.17) | (0.19) | (0.21) | (0.22) | (0.39) |
| &nbsp;&nbsp;&nbsp; Net asset value, end of period | $5.34 | $5.27 | $4.83 | $4.72 | $6.76 | $7.05 |
| &nbsp;&nbsp;&nbsp; **Total Return<sup>(d)</sup>:** | 4.07% | 12.64% | 6.20% | (27.57)% | (1.12)% | 4.13% |
| &nbsp;&nbsp;&nbsp; **Ratios/Supplemental Data:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of period (000) | $2536 | $3510 | $4393 | $4350 | $9324 | $18443 |
| &nbsp;&nbsp;&nbsp; Average net assets (000) | $2868 | $4091 | $4659 | $6242 | $14831 | $9990 |
| &nbsp;&nbsp;&nbsp; Ratios to average net assets<sup>(e)</sup>: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Expenses after waivers and/or expense reimbursement | 1.08 %<sup>(f)</sup> | 1.08% | 1.09 %<sup>(g)</sup> | 1.08% | 1.08% | 1.08% |
| &nbsp;&nbsp;&nbsp; Expenses before waivers and/or expense reimbursement | 1.42 %<sup>(f)</sup> | 1.31% | 1.26% | 1.29% | 1.13% | 1.25% |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 2.96 %<sup>(f)</sup> | 3.35% | 3.20% | 2.08% | 1.38% | 1.62% |
| &nbsp;&nbsp;&nbsp; Portfolio turnover rate<sup>(h)</sup> | 10% | 35% | 6% | 13% | 23% | 20% |

---

\* Dividends from net investment income may include other items that are ordinary income for tax purposes.

(a) Calculated based on average shares outstanding during the period.

(b) The per share amount of net investment income (loss) does not directly correlate to the amounts reported in the Statement of Operations due to class specific expenses.

(c) The per share amount of realized and unrealized gain (loss) on investments does not directly correlate to the amounts reported in the Statement of Operations due to the timing of portfolio share transactions in relation to fluctuating market values.

(d) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each period reported and includes reinvestment of dividends and distributions, if any. Total returns may reflect adjustments to conform to GAAP. Total returns for periods less than one full year are not annualized.

(e) Does not include expenses of the underlying funds in which the Fund invests.

(f) Annualized.

(g) Includes interest expense on borrowings from the Syndicated Credit Agreement of 0.01% which are being excluded from the Fund's contractual waiver, if applicable, for the year ended October 31, 2023.

---

| |
|:---|
| See Notes to Financial Statements. |
| 108 |

---

------

PGIM Global Total Return Fund

Financial Highlights (unaudited) (continued)

(h) The Fund's portfolio turnover rate is calculated in accordance with regulatory requirements, without regard to transactions involving short-term investments, certain derivatives and in-kind transactions (if any). If such transactions were included, the Fund's portfolio turnover rate may be higher.

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 109 |

---

------

PGIM Global Total Return Fund

Financial Highlights (unaudited) (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; **Class R4 Shares** |  |  |  |  |  |  |
|  | **Six Months<br>Ended<br>April 30,**<br> **2025** | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, |
|  | **Six Months<br>Ended<br>April 30,**<br> **2025** | **2024** | **2023** | **2022** | **2021** | **2020** |
| &nbsp;&nbsp;&nbsp; **Per Share Operating Performance<sup>(a)</sup>:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **Net Asset Value, Beginning of Period** | $5.27 | $4.83 | $4.73 | $6.76 | $7.05 | $7.16 |
| &nbsp;&nbsp;&nbsp; **Income (loss) from investment operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 0.08 | 0.19 | 0.17 <sup>(b)</sup> | 0.14 | 0.11 | 0.13 |
| &nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investment and foreign currency transactions | 0.13 | 0.43 | 0.13 <sup>(c)</sup> | (1.95) | (0.17) | 0.17 |
| &nbsp;&nbsp;&nbsp;Total from investment operations | 0.21 | 0.62 | 0.30 | (1.81) | (0.06) | 0.30 |
| &nbsp;&nbsp;&nbsp; **Less Dividends and Distributions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dividends from net investment income<sup>\*</sup> | (0.14) | (0.18) | (0.07) | (0.03) | (0.23) | (0.24) |
| &nbsp;&nbsp;&nbsp; Tax return of capital distributions |  |  | (0.13) | (0.19) |  |  |
| &nbsp;&nbsp;&nbsp; Distributions from net realized gains |  |  |  |  |  | (0.17) |
| &nbsp;&nbsp;&nbsp; Total dividends and distributions | (0.14) | (0.18) | (0.20) | (0.22) | (0.23) | (0.41) |
| &nbsp;&nbsp;&nbsp; Net asset value, end of period | $5.34 | $5.27 | $4.83 | $4.73 | $6.76 | $7.05 |
| &nbsp;&nbsp;&nbsp; **Total Return<sup>(d)</sup>:** | 4.20% | 12.92% | 6.24% | (27.24)% | (0.87)% | 4.39% |
| &nbsp;&nbsp;&nbsp; **Ratios/Supplemental Data:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of period (000) | $12102 | $13178 | $11582 | $12251 | $14654 | $8932 |
| &nbsp;&nbsp;&nbsp; Average net assets (000) | $12260 | $12822 | $12256 | $14017 | $12787 | $5178 |
| &nbsp;&nbsp;&nbsp; Ratios to average net assets<sup>(e)</sup>: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Expenses after waivers and/or expense reimbursement | 0.83 %<sup>(f)</sup> | 0.83% | 0.84 %<sup>(g)</sup> | 0.83% | 0.83% | 0.83% |
| &nbsp;&nbsp;&nbsp; Expenses before waivers and/or expense reimbursement | 0.87 %<sup>(f)</sup> | 0.85% | 0.86% | 0.86% | 0.87% | 1.13% |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 3.21 %<sup>(f)</sup> | 3.57% | 3.45% | 2.40% | 1.63% | 1.91% |
| &nbsp;&nbsp;&nbsp; Portfolio turnover rate<sup>(h)</sup> | 10% | 35% | 6% | 13% | 23% | 20% |

---

\* Dividends from net investment income may include other items that are ordinary income for tax purposes.

(a) Calculated based on average shares outstanding during the period.

(b) The per share amount of net investment income (loss) does not directly correlate to the amounts reported in the Statement of Operations due to class specific expenses.

(c) The per share amount of realized and unrealized gain (loss) on investments does not directly correlate to the amounts reported in the Statement of Operations due to the timing of portfolio share transactions in relation to fluctuating market values.

(d) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each period reported and includes reinvestment of dividends and distributions, if any. Total returns may reflect adjustments to conform to GAAP. Total returns for periods less than one full year are not annualized.

(e) Does not include expenses of the underlying funds in which the Fund invests.

(f) Annualized.

(g) Includes interest expense on borrowings from the Syndicated Credit Agreement of 0.01% which are being excluded from the Fund's contractual waiver, if applicable, for the year ended October 31, 2023.

---

| |
|:---|
| See Notes to Financial Statements. |
| 110 |

---

------

PGIM Global Total Return Fund

Financial Highlights (unaudited) (continued)

(h) The Fund's portfolio turnover rate is calculated in accordance with regulatory requirements, without regard to transactions involving short-term investments, certain derivatives and in-kind transactions (if any). If such transactions were included, the Fund's portfolio turnover rate may be higher.

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 111 |

---

------

PGIM Global Total Return Fund

Financial Highlights (unaudited) (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; **Class R6 Shares** |  |  |  |  |  |  |
|  | **Six Months<br>Ended**<br> **April 30,**<br> **2025** | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, |
|  | **Six Months<br>Ended**<br> **April 30,**<br> **2025** | 2024 | 2023 | 2022 | 2021 | 2020 |
| &nbsp;&nbsp;&nbsp; **Per Share Operating Performance<sup>(a)</sup>:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **Net Asset Value, Beginning of Period** | $5.26 | $4.82 | $4.72 | $6.75 | $7.04 | $7.16 |
| &nbsp;&nbsp;&nbsp; **Income (loss) from investment operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 0.09 | 0.20 | 0.19 <sup>(b)</sup> | 0.15 | 0.14 | 0.16 |
| &nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investment and foreign currency transactions | 0.13 | 0.43 | 0.13 <sup>(c)</sup> | (1.94) | (0.17) | 0.15 |
| &nbsp;&nbsp;&nbsp;Total from investment operations | 0.22 | 0.63 | 0.32 | (1.79) | (0.03) | 0.31 |
| &nbsp;&nbsp;&nbsp; **Less Dividends and Distributions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dividends from net investment income<sup>\*</sup> | (0.15) | (0.19) | (0.09) | (0.05) | (0.26) | (0.26) |
| &nbsp;&nbsp;&nbsp; Tax return of capital distributions |  |  | (0.13) | (0.19) |  |  |
| &nbsp;&nbsp;&nbsp; Distributions from net realized gains |  |  |  |  |  | (0.17) |
| &nbsp;&nbsp;&nbsp; Total dividends and distributions | (0.15) | (0.19) | (0.22) | (0.24) | (0.26) | (0.43) |
| &nbsp;&nbsp;&nbsp; Net asset value, end of period | $5.33 | $5.26 | $4.82 | $4.72 | $6.75 | $7.04 |
| &nbsp;&nbsp;&nbsp; **Total Return<sup>(d)</sup>:** | 4.36% | 13.28% | 6.56% | (27.06)% | (0.58)% | 4.69% |
| &nbsp;&nbsp;&nbsp; **Ratios/Supplemental Data:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of period (000) | $1468083 | $1554343 | $1478216 | $1810132 | $2766815 | $1787693 |
| &nbsp;&nbsp;&nbsp; Average net assets (000) | $1510595 | $1537044 | $1651821 | $2351483 | $2396559 | $1513154 |
| &nbsp;&nbsp;&nbsp; Ratios to average net assets<sup>(e)</sup>: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Expenses after waivers and/or expense reimbursement | 0.53 %<sup>(f)</sup> | 0.53% | 0.54 %<sup>(g)</sup> | 0.53% | 0.52% | 0.55% |
| &nbsp;&nbsp;&nbsp; Expenses before waivers and/or expense reimbursement | 0.53 %<sup>(f)</sup> | 0.53% | 0.54% | 0.53% | 0.52% | 0.55% |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 3.50 %<sup>(f)</sup> | 3.88% | 3.74% | 2.66% | 1.93% | 2.27% |
| &nbsp;&nbsp;&nbsp; Portfolio turnover rate<sup>(h)</sup> | 10% | 35% | 6% | 13% | 23% | 20% |

---

\* Dividends from net investment income may include other items that are ordinary income for tax purposes.

(a) Calculated based on average shares outstanding during the period.

(b) The per share amount of net investment income (loss) does not directly correlate to the amounts reported in the Statement of Operations due to class specific expenses.

(c) The per share amount of realized and unrealized gain (loss) on investments does not directly correlate to the amounts reported in the Statement of Operations due to the timing of portfolio share transactions in relation to fluctuating market values.

(d) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each period reported and includes reinvestment of dividends and distributions, if any. Total returns may reflect adjustments to conform to GAAP. Total returns for periods less than one full year are not annualized.

(e) Does not include expenses of the underlying funds in which the Fund invests.

---

| |
|:---|
| See Notes to Financial Statements. |
| 112 |

---

------

PGIM Global Total Return Fund

Financial Highlights (unaudited) (continued)

(f) Annualized.

(g) Includes interest expense on borrowings from the Syndicated Credit Agreement of 0.01% which are being excluded from the Fund's contractual waiver, if applicable, for the year ended October 31, 2023.

(h) The Fund's portfolio turnover rate is calculated in accordance with regulatory requirements, without regard to transactions involving short-term investments, certain derivatives and in-kind transactions (if any). If such transactions were included, the Fund's portfolio turnover rate may be higher.

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return Fund 113 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **LONG-TERM INVESTMENTS 98.9%** |  |  |  |  |  |
| &nbsp;&nbsp; **ASSET-BACKED SECURITIES 7.2%** |  |  |  |  |  |
| &nbsp;&nbsp; **Cayman Islands 0.9%** |  |  |  |  |  |
| &nbsp;&nbsp; Broad River BSL Funding CLO Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-01A, Class AR, 144A, 3 Month SOFR + 1.432% (Cap N/A, Floor 1.170%) | 5.701%(c) | 07/20/34 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250 | $247902 |
| &nbsp;&nbsp; Carlyle CLO Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series C17A, Class A1AR, 144A, 3 Month SOFR + 1.292% (Cap N/A, Floor 0.000%) | 5.571(c) | 04/30/31 |  | 58 | 57768 |
| &nbsp;&nbsp; Carlyle Global Market Strategies CLO Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2014-01A, Class A1R2, 144A, 3 Month SOFR + 1.232% (Cap N/A, Floor 0.970%) | 5.511(c) | 04/17/31 |  | 58 | 57617 |
| &nbsp;&nbsp; Greenwood Park CLO Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-01A, Class A2, 144A, 3 Month SOFR + 1.272% (Cap N/A, Floor 0.000%) | 5.528(c) | 04/15/31 |  | 53 | 53316 |
| &nbsp;&nbsp; Voya CLO Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2013-02A, Class A1R, 144A, 3 Month SOFR + 1.232% (Cap N/A, Floor 0.970%) | 5.513(c) | 04/25/31 |  | 58 | 58531 |
|  |  |  |  |  | 475134 |
| &nbsp;&nbsp; **Ireland 2.8%** |  |  |  |  |  |
| &nbsp;&nbsp; Ares European CLO DAC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 11A, Class B2R, 144A | 1.950 | 04/15/32 | EUR | 500 | 541650 |
| &nbsp;&nbsp; Carlyle Euro CLO DAC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-02A, Class A1, 144A, 3 Month EURIBOR + 0.990% (Cap N/A, Floor 0.990%) | 3.269(c) | 10/15/35 | EUR | 300 | 337598 |
| &nbsp;&nbsp; Carlyle Global Market Strategies Euro CLO Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2014-02A, Class AR1, 144A, 3 Month EURIBOR + 0.750% (Cap N/A, Floor 0.750%) | 3.306(c) | 11/15/31 | EUR | 308 | 347863 |
| &nbsp;&nbsp; Palmer Square European CLO DAC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-01A, Class A, 144A, 3 Month EURIBOR + 1.250% (Cap N/A, Floor 1.250%) | 3.803(c) | 10/15/39 | EUR | 250 | 280837 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1507948 |
| &nbsp;&nbsp; **Spain 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp; TFS, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-03, Class A1^ | 0.000(s) | 04/16/40 | EUR | —(r) | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-03, Class A1, 1 Month EURIBOR + 3.250%^ | 5.632(c) | 03/15/26 | EUR | 36 | 30289 |
|  |  |  |  |  | 30290 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 114 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **ASSET-BACKED SECURITIES (Continued)** |  |  |  |  |
| &nbsp;&nbsp; **United States 3.4%** |  |  |  |  |
| &nbsp;&nbsp; Chase Auto Owner Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-AA, Class D, 144A | 5.400% | 06/25/30 | 200 | $201603 |
| &nbsp;&nbsp; Enterprise Fleet Financing LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-02, Class A2, 144A | 5.560 | 04/22/30 | 105 | 106135 |
| &nbsp;&nbsp; Exeter Automobile Receivables Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-03A, Class D | 1.550 | 06/15/27 | 74 | 72711 |
| &nbsp;&nbsp; Ford Credit Auto Owner Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-02, Class D, 144A | 6.600 | 02/15/36 | 100 | 103928 |
| &nbsp;&nbsp; Ford Credit Floorplan Master Owner Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-01, Class A1, 144A | 4.920 | 05/15/28 | 200 | 200881 |
| &nbsp;&nbsp; JPMorgan Mortgage Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-HE02, Class A1, 144A, 30 Day<br> Average SOFR + 1.700% (Cap N/A, Floor 0.000%) | 6.050(c) | 03/20/54 | 13 | 12868 |
| &nbsp;&nbsp; OneMain Direct Auto Receivables Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-01A, Class A, 144A | 3.630 | 09/14/27 | 24 | 23633 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-01A, Class D, 144A | 4.680 | 04/14/31 | 100 | 99550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-01A, Class D, 144A | 7.070 | 02/14/33 | 200 | 210520 |
| &nbsp;&nbsp; OneMain Financial Issuance Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-02A, Class C, 144A | 6.740 | 09/15/36 | 100 | 103626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-02A, Class D, 144A | 7.520 | 09/15/36 | 100 | 103714 |
| &nbsp;&nbsp; RCKT Mortgage Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-CES06, Class A1A, 144A | 5.344(cc) | 09/25/44 | 267 | 266469 |
| &nbsp;&nbsp; Regional Management Issuance Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-01, Class A, 144A | 3.070 | 03/15/32 | 79 | 78040 |
| &nbsp;&nbsp; Santander Drive Auto Receivables Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-06, Class C | 4.960 | 11/15/28 | 100 | 100104 |
| &nbsp;&nbsp; Towd Point Mortgage Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-CES01, Class A1A, 144A | 5.848(cc) | 01/25/64 | 73 | 73784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-CES02, Class A1A, 144A | 6.125(cc) | 02/25/64 | 73 | 73463 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1831029 |
| &nbsp;&nbsp; **TOTAL ASSET-BACKED SECURITIES**<br> (cost $3,916,508) |  |  |  | 3844401 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return (USD Hedged) Fund 115 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity<br>Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED SECURITIES 6.4%** |  |  |  |  |  |
| &nbsp;&nbsp; **Canada 0.3%** |  |  |  |  |  |
| &nbsp;&nbsp; BX Commercial Mortgage Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-PURE, Class A, 144A, CORRA + |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.900% (Cap N/A, Floor 1.900%) | 4.666%(c) | 11/15/41 | CAD | 200 | $145788 |
| &nbsp;&nbsp; Real Estate Asset Liquidity Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-01A, Class A1, 144A | 2.381(cc) | 02/12/55 | CAD | 13 | 9043 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154831 |
| &nbsp;&nbsp; **Ireland 0.2%** |  |  |  |  |  |
| &nbsp;&nbsp; Last Mile Logistics Pan Euro Finance DAC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 01A, Class D, 144A, 3 Month EURIBOR + |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.900% (Cap N/A, Floor 1.900%) | 4.456(c) | 08/17/33 | EUR | 98 | 108163 |
| &nbsp;&nbsp; **United Kingdom 0.6%** |  |  |  |  |  |
| &nbsp;&nbsp; Deco DAC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-RAM, Class B, SONIA + 3.607% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cap N/A, Floor 3.607%) | 8.104(c) | 08/07/30 | GBP | 132 | 173349 |
| &nbsp;&nbsp; Taurus DAC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-UK04A, Class C, 144A, SONIA + |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.750% (Cap N/A, Floor 1.750%) | 6.231(c) | 08/17/31 | GBP | 59 | 78533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-UK04A, Class D, 144A, SONIA + |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.100% (Cap N/A, Floor 2.100%) | 6.581(c) | 08/17/31 | GBP | 64 | 84362 |
|  |  |  |  |  | 336244 |
| &nbsp;&nbsp; **United States 5.3%** |  |  |  |  |  |
| &nbsp;&nbsp; BANK, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-BN10, Class A4 | 3.428 | 02/15/61 |  | 237 | 230242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-BN26, Class A3 | 2.155 | 03/15/63 |  | 200 | 179055 |
| &nbsp;&nbsp; Barclays Commercial Mortgage Securities Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-CHRS, Class C, 144A | 4.409(cc) | 08/05/38 |  | 130 | 115884 |
| &nbsp;&nbsp; Benchmark Mortgage Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-B02, Class A3 | 3.544 | 02/15/51 |  | 200 | 193453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-B17, Class A4 | 2.042 | 03/15/53 |  | 75 | 65701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-B20, Class A3 | 1.945 | 10/15/53 |  | 100 | 91392 |
| &nbsp;&nbsp; BX Commercial Mortgage Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-AHP, Class E, 144A, 1 Month SOFR + |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.040% (Cap N/A, Floor 3.040%) | 7.362(c) | 01/17/39 |  | 125 | 120325 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 116 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity<br>Date** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED SECURITIES (Continued)** | &nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED SECURITIES (Continued)** | &nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED SECURITIES (Continued)** |  |  |
| &nbsp;&nbsp; **United States (cont'd.)** |  |  |  |  |
| &nbsp;&nbsp; BX Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-LBA06, Class E, 144A, 1 Month |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 2.700% (Cap N/A, Floor 2.700%) | 7.022%(c) | 01/15/39 | 125 | $123984 |
| &nbsp;&nbsp; Citigroup Commercial Mortgage Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-B02, Class A3 | 3.744 | 03/10/51 | 145 | 142983 |
| &nbsp;&nbsp; Commercial Mortgage Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2014-UBS04, Class A5 | 3.694 | 08/10/47 | 18 | 17725 |
| &nbsp;&nbsp; FHLMC Multifamily Structured Pass-Through Certificates, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series K052, Class X1, IO | 0.745(cc) | 11/25/25 | 1843 | 4408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series K111, Class X1, IO | 1.677(cc) | 05/25/30 | 316 | 20443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series K113, Class X1, IO | 1.478(cc) | 06/25/30 | 909 | 51862 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series KG03, Class X1, IO | 1.472(cc) | 06/25/30 | 1036 | 57863 |
| &nbsp;&nbsp; GS Mortgage Securities Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-GS09, Class A3 | 3.727 | 03/10/51 | 121 | 118258 |
| &nbsp;&nbsp; ONE Mortgage Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-PARK, Class D, 144A, 1 Month SOFR |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; + 1.614% (Cap N/A, Floor 1.500%) | 5.936(c) | 03/15/36 | 100 | 92518 |
| &nbsp;&nbsp; UBS Commercial Mortgage Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-C08, Class A3 | 3.720 | 02/15/51 | 200 | 196205 |
| &nbsp;&nbsp; Wells Fargo Commercial Mortgage Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-LC24, Class A3 | 2.684 | 10/15/49 | 213 | 209364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-C59, Class A3 | 1.958 | 04/15/54 | 600 | 535805 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-FCMT, Class C, 144A, 1 Month SOFR + 2.514% (Cap N/A, Floor 2.400%) | 6.836(c) | 05/15/31 | 100 | 98756 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-FCMT, Class E, 144A, 1 Month SOFR + 4.614% (Cap N/A, Floor 4.500%) | 8.936(c) | 05/15/31 | 125 | 121890 |
|  |  |  |  | 2788116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES**<br> (cost $3,558,547) |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3387354 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return (USD Hedged) Fund 117 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity<br>Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **CORPORATE BONDS 35.0%** | &nbsp;&nbsp; **CORPORATE BONDS 35.0%** | &nbsp;&nbsp; **CORPORATE BONDS 35.0%** |  |  |  |
| &nbsp;&nbsp; **Brazil 0.5%** |  |  |  |  |  |
| &nbsp;&nbsp; Petrobras Global Finance BV, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.375% | 10/01/29 | GBP | 100 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.625 | 01/16/34 | GBP | 100 | 130121 |
|  |  |  |  |  | 260426 |
| &nbsp;&nbsp; **Bulgaria 0.4%** |  |  |  |  |  |
| &nbsp;&nbsp; Bulgarian Energy Holding EAD, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.450 | 07/22/28 | EUR | 200 | 212409 |
| &nbsp;&nbsp; **Canada 1.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Bombardier, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.125 | 06/15/26 |  | 6 | 6000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.500 | 02/01/29 |  | 20 | 20600 |
| &nbsp;&nbsp; Brookfield Residential Properties, Inc./Brookfield Residential US LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.875 | 02/15/30 |  | 35 | 30469 |
| &nbsp;&nbsp; Cenovus Energy, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.650 | 01/15/32 |  | 15 | 12516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.750 | 02/15/52 |  | 10 | 6454 |
| &nbsp;&nbsp; Fairfax Financial Holdings Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.625 | 08/16/32 |  | 200 | 202719 |
| &nbsp;&nbsp; Mattamy Group Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.625 | 03/01/30 |  | 25 | 22894 |
| &nbsp;&nbsp; Ontario Teachers' Cadillac Fairview Properties Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 3.875 | 03/20/27 |  | 300 | 296203 |
|  |  |  |  |  | 597855 |
| &nbsp;&nbsp; **China 0.0%** |  |  |  |  |  |
| &nbsp;&nbsp; Aircraft Finance Co. Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, Series B | 4.100 | 03/29/26 |  | 23 | 22869 |
| &nbsp;&nbsp; **France 3.7%** |  |  |  |  |  |
| &nbsp;&nbsp; Agence Francaise de Developpement EPIC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 0.250 | 06/29/29 | EUR | 100 | 103318 |
| &nbsp;&nbsp; BNP Paribas SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Non-Preferred Notes, 144A | 2.159(ff) | 09/15/29 |  | 200 | 183993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Non-Preferred Notes, 144A | 2.871(ff) | 04/19/32 |  | 200 | 175820 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 118 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity<br>Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **CORPORATE BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **France (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; BPCE SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Non-Preferred Notes, 144A | 2.045%(ff) | 10/19/27 |  | 250 | $240573 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Preferred Notes, EMTN | 3.610 | 01/25/29 | CNH | 1000 | 140369 |
| &nbsp;&nbsp; Ile-de-France Mobilites, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 3.050 | 02/03/33 | EUR | 100 | 112691 |
| &nbsp;&nbsp; La Poste SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 1.375 | 04/21/32 | EUR | 200 | 201662 |
| &nbsp;&nbsp; Regie Autonome des Transports Parisiens EPIC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 0.400 | 12/19/36 | EUR | 46 | 43769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 1.875 | 05/25/32 | EUR | 100 | 104690 |
| &nbsp;&nbsp; SNCF Reseau, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 1.500 | 05/29/37 | EUR | 100 | 90040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series MPLE | 4.700 | 06/01/35 | CAD | 100 | 75459 |
| &nbsp;&nbsp; Societe Generale SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Non-Preferred Notes, 144A | 1.488(ff) | 12/14/26 |  | 200 | 195828 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Non-Preferred Notes, 144A | 5.519(ff) | 01/19/28 |  | 200 | 201798 |
| &nbsp;&nbsp; TDF Infrastructure SASU, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.125 | 10/23/31 | EUR | 100 | 113413 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1983423 |
| &nbsp;&nbsp; **Germany 1.0%** |  |  |  |  |  |
| &nbsp;&nbsp; Deutsche Bahn Finance GmbH, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, MTN | 3.800 | 09/27/27 | AUD | 100 | 63757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, Series CB | 1.600(ff) | 07/18/29(oo) | EUR | 100 | 100685 |
| &nbsp;&nbsp; Deutsche Bank AG, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Non-Preferred Notes | 2.552(ff) | 01/07/28 |  | 150 | 144536 |
| &nbsp;&nbsp; Volkswagen Bank GmbH, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Non-Preferred Notes, EMTN | 4.625 | 05/03/31 | EUR | 100 | 117636 |
| &nbsp;&nbsp; Volkswagen International Finance NV, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.625(ff) | 03/24/26(oo) | EUR | 100 | 113462 |
|  |  |  |  |  | 540076 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return (USD Hedged) Fund 119 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** <br> **Rate** | **Maturity<br>Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **CORPORATE BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **Hong Kong 0.7%** |  |  |  |  |  |
| &nbsp;&nbsp; HKT Capital No. 3 Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 1.650% | 04/10/27 | EUR | 200 | $214390 |
| &nbsp;&nbsp; Sun Hung Kai Properties Capital Market Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, EMTN | 3.200 | 08/14/27 | CNH | 1000 | 138618 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;353008 |
| &nbsp;&nbsp; **Hungary 0.4%** |  |  |  |  |  |
| &nbsp;&nbsp; MFB Magyar Fejlesztesi Bank Zrt, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gov't. Gtd. Notes | 0.375 | 06/09/26 | EUR | 100 | 110063 |
| &nbsp;&nbsp; MVM Energetika Zrt, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 0.875 | 11/18/27 | EUR | 100 | 106113 |
|  |  |  |  |  | 216176 |
| &nbsp;&nbsp; **India 1.0%** |  |  |  |  |  |
| &nbsp;&nbsp; NTPC Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 2.750 | 02/01/27 | EUR | 300 | 337371 |
| &nbsp;&nbsp; Power Finance Corp. Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, GMTN | 1.841 | 09/21/28 | EUR | 200 | 212978 |
|  |  |  |  |  | 550349 |
| &nbsp;&nbsp; **Indonesia 0.4%** |  |  |  |  |  |
| &nbsp;&nbsp; Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.875 | 11/05/31 | EUR | 100 | 97460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.875 | 10/25/25 | EUR | 100 | 113199 |
|  |  |  |  |  | 210659 |
| &nbsp;&nbsp; **Israel 0.3%** |  |  |  |  |  |
| &nbsp;&nbsp; Israel Electric Corp. Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A, GMTN | 3.750 | 02/22/32 |  | 200 | 178408 |
| &nbsp;&nbsp; **Italy 0.4%** |  |  |  |  |  |
| &nbsp;&nbsp; Cassa Depositi e Prestiti SpA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.750 | 05/05/26 |  | 200 | 202480 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 120 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest <br>Rate** | **Maturity<br>Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **CORPORATE BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **Jamaica 0.2%** |  |  |  |  |  |
| &nbsp;&nbsp; Digicel Group Holdings Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, Series 1B14, 144A^ | 0.000% | 12/31/30 |  | 10 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, Series 3B14, 144A^ | 0.000 | 12/31/30 |  | 5 |  |
| &nbsp;&nbsp; Digicel Intermediate Holdings Ltd./Digicel International Finance Ltd./DIFL US LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, Cash coupon 9.000% and PIK 1.942% | 10.942 | 05/25/27 |  | 107 | 106767 |
|  |  |  |  |  | 106767 |
| &nbsp;&nbsp; **Luxembourg 1.6%** |  |  |  |  |  |
| &nbsp;&nbsp; Blackstone Property Partners Europe Holdings Sarl, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 1.000 | 10/20/26 | EUR | 200 | 220813 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 1.000 | 05/04/28 | EUR | 400 | 425955 |
| &nbsp;&nbsp; P3 Group Sarl, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 1.625 | 01/26/29 | EUR | 100 | 105701 |
| &nbsp;&nbsp; SELP Finance Sarl, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, EMTN | 3.750 | 08/10/27 | EUR | 100 | 115186 |
|  |  |  |  |  | 867655 |
| &nbsp;&nbsp; **Malta 0.4%** |  |  |  |  |  |
| &nbsp;&nbsp; Freeport Terminal Malta PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gov't. Gtd. Notes, 144A | 7.250 | 05/15/28 |  | 200 | 212705 |
| &nbsp;&nbsp; **Mexico 1.4%** |  |  |  |  |  |
| &nbsp;&nbsp; Comision Federal de Electricidad, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.000 | 09/29/36 |  | 133 | 118427 |
| &nbsp;&nbsp; Mexico City Airport Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 3.875 | 04/30/28 |  | 200 | 190180 |
| &nbsp;&nbsp; Petroleos Mexicanos, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.750 | 02/26/29 | EUR | 100 | 102133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, EMTN | 2.750 | 04/21/27 | EUR | 100 | 104647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, EMTN | 4.875 | 02/21/28 | EUR | 200 | 211843 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;727230 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return (USD Hedged) Fund 121 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest <br>Rate** | **Maturity<br>Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **CORPORATE BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **Netherlands 0.4%** |  |  |  |  |  |
| &nbsp;&nbsp; Cooperatieve Rabobank UA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Preferred Notes, GMTN | 3.500% | 12/14/26 | AUD | 90 | $56866 |
| &nbsp;&nbsp; JDE Peet's NV, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 1.375 | 01/15/27 |  | 150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140973 |
|  |  |  |  |  | 197839 |
| &nbsp;&nbsp; **Norway 0.3%** |  |  |  |  |  |
| &nbsp;&nbsp; Aker BP ASA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.600 | 06/13/28 |  | 155 | 157920 |
| &nbsp;&nbsp; **Peru 0.0%** |  |  |  |  |  |
| &nbsp;&nbsp; Peru Enhanced Pass-Through Finance Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pass-Through Certificates | 1.962(s) | 06/02/25 |  | 7 | 7200 |
| &nbsp;&nbsp; **Philippines 0.6%** |  |  |  |  |  |
| &nbsp;&nbsp; Bangko Sentral ng Pilipinas International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series A | 8.600 | 06/15/27 |  | 276 | 296592 |
| &nbsp;&nbsp; **Portugal 0.2%** |  |  |  |  |  |
| &nbsp;&nbsp; CP - Comboios de Portugal EPE, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.700 | 03/05/30 | EUR | 100 | 124826 |
| &nbsp;&nbsp; **South Africa 0.4%** |  |  |  |  |  |
| &nbsp;&nbsp; Eskom Holdings SOC Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gov't. Gtd. Notes, MTN | 6.350 | 08/10/28 |  | 200 | 196750 |
| &nbsp;&nbsp; **Spain 0.4%** |  |  |  |  |  |
| &nbsp;&nbsp; Iberdrola International BV, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, Series NC6 | 1.450(ff) | 11/09/26(oo) | EUR | 200 | 219231 |
| &nbsp;&nbsp; **Supranational Bank 0.6%** |  |  |  |  |  |
| &nbsp;&nbsp; Corp. Andina de Fomento, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.500 | 03/07/28 | EUR | 100 | 119130 |
| &nbsp;&nbsp; European Investment Bank, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.400 | 01/05/45 | CAD | 50 | 41910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A, MTN | 4.579(s) | 05/28/37 | CAD | 150 | 66505 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 122 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest <br>Rate** | **Maturity<br>Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **CORPORATE BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **Supranational Bank (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; International Bank for Reconstruction & Development, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, SOFR Index + 0.262% (Cap 1.820%, Floor 0.000%) | 1.820%(c) | 08/11/26 |  | 100 | $93442 |
|  |  |  |  |  | 320987 |
| &nbsp;&nbsp; **Sweden 0.2%** |  |  |  |  |  |
| &nbsp;&nbsp; Heimstaden Bostad Treasury BV, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, EMTN | 1.375 | 03/03/27 | EUR | 100 | 108244 |
| &nbsp;&nbsp; **Switzerland 0.7%** |  |  |  |  |  |
| &nbsp;&nbsp; Helvetia Europe SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 2.750(ff) | 09/30/41 | EUR | 200 | 209047 |
| &nbsp;&nbsp; UBS Group AG, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 1.494(ff) | 08/10/27 |  | 200 | 192068 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;401115 |
| &nbsp;&nbsp; **United Arab Emirates 1.6%** |  |  |  |  |  |
| &nbsp;&nbsp; DP World Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.375 | 09/25/26 | EUR | 200 | 224941 |
| &nbsp;&nbsp; Emirates NBD Bank PJSC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, MTN | 4.750 | 02/09/28 | AUD | 400 | 257121 |
| &nbsp;&nbsp; First Abu Dhabi Bank PJSC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 0.875 | 12/09/25 | GBP | 100 | 129555 |
| &nbsp;&nbsp; MDGH GMTN RSC Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, GMTN | 0.375 | 03/10/27 | EUR | 200 | 217437 |
|  |  |  |  |  | 829054 |
| &nbsp;&nbsp; **United Kingdom 3.2%** |  |  |  |  |  |
| &nbsp;&nbsp; Barclays Bank PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 0.500 | 01/28/33 | MXN | 10000 | 227358 |
| &nbsp;&nbsp; Barclays PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub. Notes, EMTN | 1.125(ff) | 03/22/31 | EUR | 200 | 221912 |
| &nbsp;&nbsp; Bellis Finco PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.000 | 02/16/27 | GBP | 100 | 126012 |
| &nbsp;&nbsp; British American Tobacco PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, Series 5.25 | 3.000(ff) | 09/27/26(oo) | EUR | 200 | 222853 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return (USD Hedged) Fund 123 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest <br>Rate** | **Maturity<br>Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **CORPORATE BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **United Kingdom (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; eG Global Finance PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 11.000% | 11/30/28 | EUR | 195 | $243946 |
| &nbsp;&nbsp; Hammerson Ireland Finance DAC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 1.750 | 06/03/27 | EUR | 200 | 221682 |
| &nbsp;&nbsp; Lloyds Bank PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 0.000 | 04/02/32 |  | 200 | 139632 |
| &nbsp;&nbsp; TalkTalk Telecom Group Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A, Cash coupon 11.750% or PIK N/A | 11.750 | 03/01/28 | GBP | 75 | 28334 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A, Cash coupon 8.250% or PIK N/A | 8.250 | 09/01/27 | GBP | 127 | 129892 |
| &nbsp;&nbsp; Virgin Media Secured Finance PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 4.250 | 01/15/30 | GBP | 100 | 119557 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1681178 |
| &nbsp;&nbsp; **United States 12.9%** |  |  |  |  |  |
| &nbsp;&nbsp; Albertson's Cos., Inc./Safeway, Inc./New Albertson's LP/Albertson's LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 3.500 | 03/15/29 |  | 25 | 23340 |
| &nbsp;&nbsp; Alphabet, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.500 | 05/06/29 | EUR | 200 | 226639 |
| &nbsp;&nbsp; American Airlines, Inc./AAdvantage Loyalty IP Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.750 | 04/20/29 |  | 25 | 24157 |
| &nbsp;&nbsp; AmeriGas Partners LP/AmeriGas Finance Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.875 | 08/20/26 |  | 25 | 24704 |
| &nbsp;&nbsp; Ascent Resources Utica Holdings LLC/ARU Finance Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 9.000 | 11/01/27 |  | 25 | 29304 |
| &nbsp;&nbsp; Ashland, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 3.375 | 09/01/31 |  | 25 | 21702 |
| &nbsp;&nbsp; Ashton Woods USA LLC/Ashton Woods Finance Co., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.625 | 08/01/29 |  | 25 | 23185 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.625 | 04/01/30 |  | 25 | 22947 |
| &nbsp;&nbsp; AT&T, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.950 | 04/30/31 | EUR | 200 | 235148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.100 | 01/19/26 | AUD | 100 | 63943 |
| &nbsp;&nbsp; Bank of America Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.734(ff) | 07/22/27 |  | 130 | 125686 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.572(ff) | 10/20/32 |  | 28 | 24327 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 124 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest <br>Rate** | **Maturity<br>Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **CORPORATE BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **United States (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; Bank of America Corp., (cont'd.) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.687%(ff) | 04/22/32 |  | 75 | $66316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, MTN | 2.087(ff) | 06/14/29 |  | 100 | 93151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, MTN | 3.194(ff) | 07/23/30 |  | 25 | 23575 |
| &nbsp;&nbsp; Bausch Health Cos., Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.000 | 01/30/28 |  | 5 | 3812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.000 | 02/15/29 |  | 25 | 15750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.250 | 01/30/30 |  | 25 | 14562 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.250 | 02/15/31 |  | 25 | 13500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250 | 02/15/29 |  | 10 | 6550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.000 | 01/15/28 |  | 25 | 20437 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.875 | 06/01/28 |  | 25 | 20304 |
| &nbsp;&nbsp; Beazer Homes USA, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 7.250 | 10/15/29 |  | 20 | 19436 |
| &nbsp;&nbsp; Becton Dickinson & Co., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 3.828 | 06/07/32 | EUR | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115918 |
| &nbsp;&nbsp; Big River Steel LLC/BRS Finance Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.625 | 01/31/29 |  | 50 | 50313 |
| &nbsp;&nbsp; Boeing Co. (The), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.528 | 05/01/34 |  | 80 | 86109 |
| &nbsp;&nbsp; BP Capital Markets PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.375(ff) | 06/22/25(oo) |  | 32 | 31760 |
| &nbsp;&nbsp; Brixmor Operating Partnership LP, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.500 | 08/16/31 |  | 10 | 8629 |
| &nbsp;&nbsp; Broadcom, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 2.450 | 02/15/31 |  | 80 | 70737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 3.137 | 11/15/35 |  | 82 | 67940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 3.419 | 04/15/33 |  | 25 | 22261 |
| &nbsp;&nbsp; Caledonia Generating LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 1.950 | 02/28/34 |  | 286 | 251433 |
| &nbsp;&nbsp; Calpine Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.625 | 02/01/29 |  | 60 | 57969 |
| &nbsp;&nbsp; Cantor Fitzgerald LP, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.500 | 04/14/27 |  | 115 | 114178 |
| &nbsp;&nbsp; CF Industries, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.950 | 06/01/43 |  | 20 | 17057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.375 | 03/15/44 |  | 5 | 4494 |
| &nbsp;&nbsp; Citigroup, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, Series X | 3.875(ff) | 02/18/26(oo) |  | 150 | 145902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.462(ff) | 06/09/27 |  | 100 | 96571 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return (USD Hedged) Fund 125 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest <br>Rate** | **Maturity<br>Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **CORPORATE BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **United States (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; Citigroup, Inc., (cont'd.) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.561%(ff) | 05/01/32 |  | 40 | $34941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.057(ff) | 01/25/33 |  | 15 | 13183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.113(ff) | 04/29/36 | EUR | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.174(ff) | 02/13/30 |  | 115 | 116632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub. Notes | 5.827(ff) | 02/13/35 |  | 15 | 14876 |
| &nbsp;&nbsp; Clue Opco LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.500 | 10/15/31 |  | 75 | 71886 |
| &nbsp;&nbsp; Columbia Pipelines Operating Co. LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.036 | 11/15/33 |  | 50 | 51690 |
| &nbsp;&nbsp; Comerica, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.982(ff) | 01/30/30 |  | 69 | 69835 |
| &nbsp;&nbsp; Crescent Energy Finance LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.625 | 04/01/32 |  | 35 | 31806 |
| &nbsp;&nbsp; Dana, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.375 | 11/15/27 |  | 25 | 24858 |
| &nbsp;&nbsp; DaVita, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 3.750 | 02/15/31 |  | 50 | 43938 |
| &nbsp;&nbsp; DCLI Bidco LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Second Mortgage, 144A | 7.750 | 11/15/29 |  | 10 | 9317 |
| &nbsp;&nbsp; DISH DBS Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.125 | 06/01/29 |  | 25 | 15587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 7.375 | 07/01/28 |  | 25 | 16893 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 7.750 | 07/01/26 |  | 100 | 87122 |
| &nbsp;&nbsp; DISH Network Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 11.750 | 11/15/27 |  | 50 | 52530 |
| &nbsp;&nbsp; Energy Transfer LP, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, Series G | 7.125(ff) | 05/15/30(oo) |  | 100 | 98817 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, Series H | 6.500(ff) | 11/15/26(oo) |  | 50 | 49751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.250 | 04/15/49 |  | 25 | 23720 |
| &nbsp;&nbsp; Expand Energy Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.375 | 02/01/29 |  | 55 | 54823 |
| &nbsp;&nbsp; Fiserv Funding ULC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes^ | 2.875 | 06/15/28 | EUR | 100 | 113452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 3.500 | 06/15/32 | EUR | 100 | 112793 |
| &nbsp;&nbsp; Ford Motor Credit Co. LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 4.066 | 08/21/30 | EUR | 100 | 110705 |
| &nbsp;&nbsp; Goldman Sachs Group, Inc. (The), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, Series U | 3.650(ff) | 08/10/26(oo) |  | 130 | 124077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.542(ff) | 09/10/27 |  | 100 | 96015 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 126 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest <br>Rate** | **Maturity<br>Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **CORPORATE BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **United States (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; Goldman Sachs Group, Inc. (The), (cont'd.) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.992%(ff) | 01/27/32 |  | 20 | $17044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.615(ff) | 04/22/32 |  | 75 | 65871 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.049(ff) | 07/23/30 |  | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101120 |
| &nbsp;&nbsp; Hilcorp Energy I LP/Hilcorp Finance Co., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.250 | 04/15/32 |  | 25 | 21778 |
| &nbsp;&nbsp; Honeywell International, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.750 | 05/17/32 | EUR | 100 | 116178 |
| &nbsp;&nbsp; Howard Hughes Corp. (The), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.375 | 08/01/28 |  | 50 | 48230 |
| &nbsp;&nbsp; Huntington Bancshares, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.709(ff) | 02/02/35 |  | 130 | 130181 |
| &nbsp;&nbsp; JELD-WEN, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.875 | 12/15/27 |  | 25 | 23072 |
| &nbsp;&nbsp; JPMorgan Chase & Co., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.069(ff) | 06/01/29 |  | 90 | 83953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.545(ff) | 11/08/32 |  | 30 | 26165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.580(ff) | 04/22/32 |  | 45 | 39878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.702(ff) | 05/06/30 |  | 25 | 24175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.294(ff) | 07/22/35 |  | 20 | 20013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.572(ff) | 04/22/36 |  | 85 | 86906 |
| &nbsp;&nbsp; Lamb Weston Holdings, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.375 | 01/31/32 |  | 50 | 45892 |
| &nbsp;&nbsp; Level 3 Financing, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 11.000 | 11/15/29 |  | 75 | 83901 |
| &nbsp;&nbsp; M/I Homes, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.950 | 02/01/28 |  | 25 | 24401 |
| &nbsp;&nbsp; MGM Resorts International, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.500 | 04/15/32 |  | 30 | 29567 |
| &nbsp;&nbsp; Morgan Stanley, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.593(ff) | 05/04/27 |  | 30 | 29129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.173(ff) | 01/16/30 |  | 80 | 81462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 7.500 | 12/15/27 | MXN | 1000 | 49412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, GMTN | 2.239(ff) | 07/21/32 |  | 30 | 25563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, MTN | 1.928(ff) | 04/28/32 |  | 60 | 50545 |
| &nbsp;&nbsp; Morgan Stanley Finance LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, EMTN | 3.100 | 03/08/28 | CNH | 1000 | 139121 |
| &nbsp;&nbsp; MPLX LP, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.950 | 09/01/32 |  | 70 | 67973 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return (USD Hedged) Fund 127 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest <br>Rate** | **Maturity<br>Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **CORPORATE BONDS (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp; **United States (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; Newell Brands, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.625% | 05/15/32 |  | 5 | $4486 |
| &nbsp;&nbsp; Novelis Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 3.250 | 11/15/26 |  | 25 | 24265 |
| &nbsp;&nbsp; NRG Energy, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, 144A | 10.250(ff) | 03/15/28(oo) |  | 25 | 27368 |
| &nbsp;&nbsp; OneMain Finance Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.000 | 09/15/30 |  | 25 | 22146 |
| &nbsp;&nbsp; ONEOK, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.050 | 09/01/33 |  | 90 | 92403 |
| &nbsp;&nbsp; Penn Entertainment, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.625 | 01/15/27 |  | 25 | 24639 |
| &nbsp;&nbsp; PennyMac Financial Services, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.750 | 09/15/31 |  | 50 | 47631 |
| &nbsp;&nbsp; Permian Resources Operating LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.000 | 04/15/27 |  | 25 | 25426 |
| &nbsp;&nbsp; Realty Income Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.875 | 07/06/30 | EUR | 200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;243275 |
| &nbsp;&nbsp; Sally Holdings LLC/Sally Capital, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.750 | 03/01/32 |  | 25 | 25212 |
| &nbsp;&nbsp; Targa Resources Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.200 | 02/01/33 |  | 20 | 18275 |
| &nbsp;&nbsp; Taylor Morrison Communities, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.875 | 06/15/27 |  | 25 | 25137 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.125 | 08/01/30 |  | 10 | 9690 |
| &nbsp;&nbsp; Tenneco, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.000 | 11/17/28 |  | 75 | 71519 |
| &nbsp;&nbsp; Truist Financial Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, MTN | 5.867(ff) | 06/08/34 |  | 25 | 25597 |
| &nbsp;&nbsp; U.S. Bancorp, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes | 3.700(ff) | 01/15/27(oo) |  | 120 | 112432 |
| &nbsp;&nbsp; Univision Communications, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.000 | 08/15/28 |  | 30 | 29171 |
| &nbsp;&nbsp; Venture Global Calcasieu Pass LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 3.875 | 08/15/29 |  | 5 | 4586 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.125 | 08/15/31 |  | 5 | 4497 |
| &nbsp;&nbsp; Venture Global LNG, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, 144A | 9.000(ff) | 09/30/29(oo) |  | 50 | 42854 |
| &nbsp;&nbsp; Viatris, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 3.850 | 06/22/40 |  | 70 | 49171 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 128 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest <br>Rate** | **Maturity<br>Date** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **CORPORATE BONDS (Continued)** |  |  |  |  |
| &nbsp;&nbsp; **United States (cont'd.)** |  |  |  |  |
| &nbsp;&nbsp; Viatris, Inc., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.000% | 06/22/50 | 10 | $6298 |
| &nbsp;&nbsp; VICI Properties LP, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.950 | 02/15/30 | 60 | 59658 |
| &nbsp;&nbsp; Vistra Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, 144A | 7.000(ff) | 12/15/26(oo) | 25 | 25263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, 144A | 8.000(ff) | 10/15/26(oo) | 125 | 127555 |
| &nbsp;&nbsp; Warnermedia Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 3.755 | 03/15/27 | 80 | 77856 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.050 | 03/15/42 | 45 | 33864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.141 | 03/15/52 | 70 | 48048 |
| &nbsp;&nbsp; Wells Fargo & Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.605(ff) | 04/23/36 | 120 | 121868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, MTN | 2.879(ff) | 10/30/30 | 50 | 46340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, MTN | 3.350(ff) | 03/02/33 | 65 | 58407 |
| &nbsp;&nbsp; Williams Cos., Inc. (The), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.500 | 10/15/51 | 30 | 19785 |
| &nbsp;&nbsp; Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.125 | 02/15/31 | 30 | 30965 |
|  |  |  |  | 6854142 |
| &nbsp;&nbsp; **TOTAL CORPORATE BONDS**<br> (cost $18,860,618) |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18637573 |
| &nbsp;&nbsp; **FLOATING RATE AND OTHER LOANS 0.0%** | &nbsp;&nbsp; **FLOATING RATE AND OTHER LOANS 0.0%** | &nbsp;&nbsp; **FLOATING RATE AND OTHER LOANS 0.0%** |  |  |
| &nbsp;&nbsp; **United States** |  |  |  |  |
| &nbsp;&nbsp; Diamond Sports Net LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Lien Exit Term Loan |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $8,416) | 15.000 | 01/02/28 | 9 | 8237 |
| &nbsp;&nbsp; **MUNICIPAL BOND 0.2%** | &nbsp;&nbsp; **MUNICIPAL BOND 0.2%** | &nbsp;&nbsp; **MUNICIPAL BOND 0.2%** |  |  |
| &nbsp;&nbsp; **Louisiana** |  |  |  |  |
| &nbsp;&nbsp; Plaquemines Port Harbor & Terminal District, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Taxable, Revenue Bonds, Series B |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $100,000) | 12.000 | 12/01/34 | 100 | 102605 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return (USD Hedged) Fund 129 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest <br>Rate** | **Maturity<br>Date** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **RESIDENTIAL MORTGAGE-BACKED SECURITIES 2.2%** | &nbsp;&nbsp; **RESIDENTIAL MORTGAGE-BACKED SECURITIES 2.2%** |  |  |  |
| &nbsp;&nbsp; **United States** |  |  |  |  |
| &nbsp;&nbsp; Connecticut Avenue Securities Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-R03, Class 1B1, 144A, 30 Day Average SOFR + 6.250% (Cap N/A, Floor 0.000%) | 10.604%(c) | 03/25/42 | 25 | $26938 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-R04, Class 1B1, 144A, 30 Day Average SOFR + 5.250% (Cap N/A, Floor 0.000%) | 9.604(c) | 03/25/42 | 20 | 21175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-R05, Class 1M2, 144A, 30 Day Average SOFR + 3.100% (Cap N/A, Floor 0.000%) | 7.453(c) | 06/25/43 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103859 |
| &nbsp;&nbsp; Eagle Re Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-01, Class M1A, 144A, 30 Day Average SOFR + 2.000% (Cap N/A, Floor 2.000%) | 6.354(c) | 09/26/33 | 94 | 94305 |
| &nbsp;&nbsp; FHLMC Structured Agency Credit Risk REMIC Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-HQA05, Class B1, 144A, 30 Day Average SOFR + 4.000% (Cap N/A, Floor 0.000%) | 8.354(c) | 11/25/50 | 35 | 38454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-DNA05, Class M2, 144A, 30 Day Average SOFR + 1.650% (Cap N/A, Floor 0.000%) | 6.004(c) | 01/25/34 | 7 | 7458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-HQA03, Class M2, 144A, 30 Day Average SOFR + 2.100% (Cap N/A, Floor 0.000%) | 6.454(c) | 09/25/41 | 70 | 70175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-DNA03, Class M1B, 144A, 30 Day Average SOFR + 2.900% (Cap N/A, Floor 0.000%) | 7.254(c) | 04/25/42 | 140 | 143692 |
| &nbsp;&nbsp; MFA Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-RPL01, Class A1, 144A | 1.131(cc) | 07/25/60 | 113 | 103042 |
| &nbsp;&nbsp; PMT Credit Risk Transfer Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-01R, Class A, 144A, 30 Day Average SOFR + 3.500% (Cap N/A, Floor 0.000%) | 7.854(c) | 05/25/33 | 271 | 272228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-02R, Class A, 144A, 30 Day Average SOFR + 3.350% (Cap N/A, Floor 0.000%) | 7.701(c) | 03/29/27 | 182 | 182100 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 130 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest <br>Rate** | **Maturity<br>Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **RESIDENTIAL MORTGAGE-BACKED SECURITIES (Continued)** | &nbsp;&nbsp; **RESIDENTIAL MORTGAGE-BACKED SECURITIES (Continued)** |  |  |  |  |
| &nbsp;&nbsp; **United States (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; Radnor Re Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-01, Class M1A, 144A, 30 Day Average SOFR + 2.700% (Cap N/A, Floor 2.700%) | 7.054%(c) | 07/25/33 |  | 97 | $97210 |
| &nbsp;&nbsp; **TOTAL RESIDENTIAL MORTGAGE-BACKED SECURITIES**<br> (cost $1,154,655) |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1160636 |
| &nbsp;&nbsp; **SOVEREIGN BONDS 22.6%** | &nbsp;&nbsp; **SOVEREIGN BONDS 22.6%** | &nbsp;&nbsp; **SOVEREIGN BONDS 22.6%** |  |  |  |
| &nbsp;&nbsp; **Andorra 0.4%** |  |  |  |  |  |
| &nbsp;&nbsp; Andorra International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 1.250 | 05/06/31 | EUR | 200 | 203194 |
| &nbsp;&nbsp; **Austria 0.4%** |  |  |  |  |  |
| &nbsp;&nbsp; Republic of Austria Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A, MTN | 5.375 | 12/01/34 | CAD | 280 | 228222 |
| &nbsp;&nbsp; **Brazil 0.9%** |  |  |  |  |  |
| &nbsp;&nbsp; Brazil Minas SPE via State of Minas Gerais, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gov't. Gtd. Notes | 5.333 | 02/15/28 |  | 507 | 502724 |
| &nbsp;&nbsp; **Bulgaria 0.3%** |  |  |  |  |  |
| &nbsp;&nbsp; Bulgaria Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, GMTN | 3.125 | 03/26/35 | EUR | 100 | 108954 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series 30Y | 1.375 | 09/23/50 | EUR | 100 | 66367 |
|  |  |  |  |  | 175321 |
| &nbsp;&nbsp; **Chile 0.2%** |  |  |  |  |  |
| &nbsp;&nbsp; Chile Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.440 | 02/01/29 | EUR | 115 | 123438 |
| &nbsp;&nbsp; **China 0.8%** |  |  |  |  |  |
| &nbsp;&nbsp; China Government Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.950 | 06/29/43 | CNH | 1500 | 261501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.000 | 11/30/35 | CNH | 500 | 82022 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.400 | 12/12/46 | CNH | 500 | 93046 |
|  |  |  |  |  | 436569 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return (USD Hedged) Fund 131 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest <br>Rate** | **Maturity<br>Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **SOVEREIGN BONDS (Continued)** | &nbsp;&nbsp; **SOVEREIGN BONDS (Continued)** |  |  |  |  |
| &nbsp;&nbsp; **Colombia 1.3%** |  |  |  |  |  |
| &nbsp;&nbsp; Colombia Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.000% | 01/30/30 |  | 200 | $169200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 9.850 | 06/28/27 | COP | 200000 | 46514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 3.875 | 03/22/26 | EUR | 400 | 454690 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;670404 |
| &nbsp;&nbsp; **Croatia 0.4%** |  |  |  |  |  |
| &nbsp;&nbsp; Croatia Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.125 | 03/04/33 | EUR | 200 | 199382 |
| &nbsp;&nbsp; **Cyprus 0.5%** |  |  |  |  |  |
| &nbsp;&nbsp; Cyprus Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 1.250 | 01/21/40 | EUR | 20 | 16652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 2.750 | 02/26/34 | EUR | 200 | 224653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 2.750 | 05/03/49 | EUR | 30 | 28582 |
|  |  |  |  |  | 269887 |
| &nbsp;&nbsp; **France 0.9%** |  |  |  |  |  |
| &nbsp;&nbsp; Bpifrance SACA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, EMTN | 3.375 | 05/25/34 | EUR | 100 | 114710 |
| &nbsp;&nbsp; Caisse Francaise de Financement Local SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Covered Bonds, EMTN | 4.680 | 03/09/29 | CAD | 200 | 147973 |
| &nbsp;&nbsp; SFIL SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 2.875 | 01/22/31 | EUR | 100 | 113976 |
| &nbsp;&nbsp; Societe Des Grands Projets EPIC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 0.000 | 11/25/30 | EUR | 100 | 97863 |
|  |  |  |  |  | 474522 |
| &nbsp;&nbsp; **Greece 2.7%** |  |  |  |  |  |
| &nbsp;&nbsp; Hellenic Republic Government Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300 | 02/24/26 | EUR | 34 | 38894 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300 | 02/24/27 | EUR | 145 | 168107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300 | 02/24/28 | EUR | 42 | 49164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300 | 02/24/29 | EUR | 25 | 29270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300 | 02/24/30 | EUR | 10 | 11719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300 | 02/24/31 | EUR | 23 | 26819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300 | 02/24/32 | EUR | 24 | 27841 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 132 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest <br>Rate** | **Maturity<br>Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **SOVEREIGN BONDS (Continued)** | &nbsp;&nbsp; **SOVEREIGN BONDS (Continued)** |  |  |  |  |
| &nbsp;&nbsp; **Greece (cont'd.)** |  |  |  |  |  |
| &nbsp;&nbsp; Hellenic Republic Government Bond, (cont'd.) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300% | 02/24/33 | EUR | 46 | $52867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300 | 02/24/34 | EUR | 22 | 25132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300 | 02/24/35 | EUR | 33 | 37399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300 | 02/24/36 | EUR | 24 | 26965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300 | 02/24/37 | EUR | 16 | 17807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300 | 02/24/38 | EUR | 15 | 16478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300 | 02/24/39 | EUR | 23 | 25021 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300 | 02/24/40 | EUR | 23 | 25929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300 | 02/24/41 | EUR | 23 | 25667 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | 4.300 | 02/24/42 | EUR | 37 | 41572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 1.875 | 02/04/35 | EUR | 600 | 601660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.375 | 07/18/38 | EUR | 85 | 103350 |
| &nbsp;&nbsp; Hellenic Republic Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.200 | 07/17/34 | EUR | 55 | 68975 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1420636 |
| &nbsp;&nbsp; **Hong Kong 0.3%** |  |  |  |  |  |
| &nbsp;&nbsp; Hong Kong Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, GMTN | 1.000 | 11/24/41 | EUR | 200 | 151678 |
| &nbsp;&nbsp; **Hungary 0.7%** |  |  |  |  |  |
| &nbsp;&nbsp; Hungary Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.125 | 09/22/31 |  | 200 | 162250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series 15Y | 1.750 | 06/05/35 | EUR | 100 | 86132 |
| &nbsp;&nbsp; Magyar Export-Import Bank Zrt, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gov't. Gtd. Notes | 6.000 | 05/16/29 | EUR | 100 | 121215 |
|  |  |  |  |  | 369597 |
| &nbsp;&nbsp; **Indonesia 1.6%** |  |  |  |  |  |
| &nbsp;&nbsp; Indonesia Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.100 | 03/12/33 | EUR | 200 | 185080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.300 | 03/23/34 | EUR | 200 | 182319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.650 | 09/10/32 | EUR | 200 | 224447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 3.750 | 06/14/28 | EUR | 200 | 232001 |
|  |  |  |  |  | 823847 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return (USD Hedged) Fund 133 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest <br>Rate** | **Maturity<br>Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **SOVEREIGN BONDS (Continued)** | &nbsp;&nbsp; **SOVEREIGN BONDS (Continued)** |  |  |  |  |
| &nbsp;&nbsp; **Israel 0.8%** |  |  |  |  |  |
| &nbsp;&nbsp; Israel Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 1.500% | 01/18/27 | EUR | 100 | $110311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 1.500 | 01/16/29 | EUR | 270 | 286270 |
|  |  |  |  |  | 396581 |
| &nbsp;&nbsp; **Italy 3.3%** |  |  |  |  |  |
| &nbsp;&nbsp; Italy Buoni Poliennali Del Tesoro, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series 16Y, 144A | 3.250 | 03/01/38 | EUR | 85 | 91029 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series 21Y, 144A | 1.800 | 03/01/41 | EUR | 500 | 422253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series 50Y, 144A | 2.800 | 03/01/67 | EUR | 105 | 85478 |
| &nbsp;&nbsp; Region of Lazio, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.088 | 03/31/43 | EUR | 157 | 165794 |
| &nbsp;&nbsp; Repubic of Italy Government International Bond Coupon Strips, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.737(s) | 02/20/31 | EUR | 85 | 79014 |
| &nbsp;&nbsp; Republic of Italy Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 5.200 | 07/31/34 | EUR | 300 | 377943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 5.345 | 01/27/48 | EUR | 50 | 60889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 6.000 | 08/04/28 | GBP | 100 | 137801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series 10Y | 2.875 | 10/17/29 |  | 200 | 187989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series 30Y | 3.875 | 05/06/51 |  | 200 | 137686 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1745876 |
| &nbsp;&nbsp; **Latvia 0.4%** |  |  |  |  |  |
| &nbsp;&nbsp; Latvia Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, GMTN | 0.250 | 01/23/30 | EUR | 200 | 199807 |
| &nbsp;&nbsp; **Lithuania 0.4%** |  |  |  |  |  |
| &nbsp;&nbsp; Lithuania Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 2.125 | 10/22/35 | EUR | 200 | 199028 |
| &nbsp;&nbsp; **Mexico 0.5%** |  |  |  |  |  |
| &nbsp;&nbsp; Mexico Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.375 | 02/11/30 | EUR | 100 | 106346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.875 | 04/08/39 | EUR | 200 | 170777 |
|  |  |  |  |  | 277123 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 134 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest <br>Rate** | **Maturity<br>Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **SOVEREIGN BONDS (Continued)** | &nbsp;&nbsp; **SOVEREIGN BONDS (Continued)** |  |  |  |  |
| &nbsp;&nbsp; **Panama 0.7%** |  |  |  |  |  |
| &nbsp;&nbsp; Panama Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.160% | 01/23/30 |  | 200 | $175250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.875 | 03/17/28 |  | 200 | 191100 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;366350 |
| &nbsp;&nbsp; **Peru 0.2%** |  |  |  |  |  |
| &nbsp;&nbsp; Peruvian Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.250 | 03/11/33 | EUR | 105 | 97873 |
| &nbsp;&nbsp; **Philippines 0.6%** |  |  |  |  |  |
| &nbsp;&nbsp; Philippine Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 0.700 | 02/03/29 | EUR | 300 | 312242 |
| &nbsp;&nbsp; **Romania 0.7%** |  |  |  |  |  |
| &nbsp;&nbsp; Romanian Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A, MTN | 2.124 | 07/16/31 | EUR | 50 | 46093 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A, MTN | 2.125 | 03/07/28 | EUR | 80 | 86522 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 1.750 | 07/13/30 | EUR | 150 | 142144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 3.875 | 10/29/35 | EUR | 100 | 90841 |
|  |  |  |  |  | 365600 |
| &nbsp;&nbsp; **Saudi Arabia 0.5%** |  |  |  |  |  |
| &nbsp;&nbsp; Saudi Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.000 | 07/09/39 | EUR | 325 | 284530 |
| &nbsp;&nbsp; **Serbia 0.6%** |  |  |  |  |  |
| &nbsp;&nbsp; Serbia International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.650 | 03/03/33 | EUR | 100 | 89850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 2.050 | 09/23/36 | EUR | 300 | 247499 |
|  |  |  |  |  | 337349 |
| &nbsp;&nbsp; **Slovakia 0.3%** |  |  |  |  |  |
| &nbsp;&nbsp; Slovakia Government Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unsec'd. Notes, Series 242 | 0.375 | 04/21/36 | EUR | 200 | 163833 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return (USD Hedged) Fund 135 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest <br>Rate** | **Maturity<br>Date** | **Principal**<br> **Amount**<br> **(000)#** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **SOVEREIGN BONDS (Continued)** | &nbsp;&nbsp; **SOVEREIGN BONDS (Continued)** |  |  |  |  |
| &nbsp;&nbsp; **Spain 1.5%** |  |  |  |  |  |
| &nbsp;&nbsp; Autonomous Community of Catalonia, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.220% | 04/26/35 | EUR | 100 | $115499 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 5.900 | 05/28/30 | EUR | 50 | 62370 |
| &nbsp;&nbsp; Spain Government Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 1.000 | 10/31/50 | EUR | 190 | 117734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 3.450 | 07/30/43 | EUR | 300 | 326811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 3.450 | 07/30/66 | EUR | 60 | 60466 |
| &nbsp;&nbsp; Spain Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 5.250 | 04/06/29 | GBP | 100 | 136582 |
|  |  |  |  |  | 819462 |
| &nbsp;&nbsp; **Turkey 0.0%** |  |  |  |  |  |
| &nbsp;&nbsp; Turkiye Government Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, Series 04Y, BIST Index + 0.000% | 47.377(c) | 05/17/28 | TRY | 674 | 16966 |
| &nbsp;&nbsp; **United Arab Emirates 0.2%** |  |  |  |  |  |
| &nbsp;&nbsp; Finance Department Government of Sharjah, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A, MTN | 4.625 | 01/17/31 | EUR | 100 | 113710 |
| &nbsp;&nbsp; **United Kingdom 0.5%** |  |  |  |  |  |
| &nbsp;&nbsp; Isle of Man Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unsec'd. Notes | 5.375 | 08/14/34 | GBP | 100 | 135172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unsec'd. Notes | 5.625 | 03/29/30 | GBP | 100 | 139653 |
|  |  |  |  |  | 274825 |
| &nbsp;&nbsp; **TOTAL SOVEREIGN BONDS**<br> (cost $13,103,181) |  |  |  |  | 12020576 |
| &nbsp;&nbsp; **U.S. GOVERNMENT AGENCY OBLIGATION 0.0%** | &nbsp;&nbsp; **U.S. GOVERNMENT AGENCY OBLIGATION 0.0%** | &nbsp;&nbsp; **U.S. GOVERNMENT AGENCY OBLIGATION 0.0%** |  |  |  |
| &nbsp;&nbsp; Federal Home Loan Bank |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $12,121) | 3.280 | 03/28/29 |  | 13 | 12336 |
| &nbsp;&nbsp; **U.S. TREASURY OBLIGATIONS 21.2%** | &nbsp;&nbsp; **U.S. TREASURY OBLIGATIONS 21.2%** | &nbsp;&nbsp; **U.S. TREASURY OBLIGATIONS 21.2%** |  |  |  |
| &nbsp;&nbsp; U.S. Treasury Bonds(h) | 2.375 | 05/15/51 |  | 1390 | 891989 |
| &nbsp;&nbsp; U.S. Treasury Bonds(k) | 3.000 | 02/15/47 |  | 70 | 53090 |
| &nbsp;&nbsp; U.S. Treasury Bonds(h)(k) | 3.375 | 11/15/48 |  | 1300 | 1038578 |
| &nbsp;&nbsp; U.S. Treasury Notes(k) | 1.125 | 02/15/31 |  | 345 | 297697 |
| &nbsp;&nbsp; U.S. Treasury Notes(k) | 3.500 | 09/30/29 |  | 290 | 287848 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 136 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest <br>Rate** | **Maturity<br>Date** | **Principal**<br> **Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **U.S. TREASURY OBLIGATIONS (Continued)** | &nbsp;&nbsp; **U.S. TREASURY OBLIGATIONS (Continued)** |  |  |  |
| &nbsp;&nbsp; U.S. Treasury Notes(k) | 4.125% | 10/31/26 | 1152 | $1158660 |
| &nbsp;&nbsp; U.S. Treasury Notes | 4.125 | 01/31/27 | 1000 | 1007930 |
| &nbsp;&nbsp; U.S. Treasury Notes | 4.125 | 03/31/32 | 2085 | 2110411 |
| &nbsp;&nbsp; U.S. Treasury Notes | 4.250 | 01/31/30 | 2046 | 2094433 |
| &nbsp;&nbsp; U.S. Treasury Notes | 4.250 | 11/15/34 | 1130 | 1139005 |
| &nbsp;&nbsp; U.S. Treasury Notes | 4.375 | 01/31/32 | 654 | 671576 |
| &nbsp;&nbsp; U.S. Treasury Notes(k) | 4.875 | 04/30/26 | 530 | 534969 |
| &nbsp;&nbsp; **TOTAL U.S. TREASURY OBLIGATIONS** <br> (cost $11,283,303) |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11286186 |
|  |  |  | **Shares** |  |
| &nbsp;&nbsp; **AFFILIATED EXCHANGE-TRADED FUND 3.9%** |  |  |  |  |
| &nbsp;&nbsp; **United States** |  |  |  |  |
| &nbsp;&nbsp; PGIM AAA CLO ETF |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $2,081,766) |  |  | 40859 | 2091572 |
| &nbsp;&nbsp; **COMMON STOCKS 0.2%** |  |  |  |  |
| &nbsp;&nbsp; **Jamaica 0.1%** |  |  |  |  |
| &nbsp;&nbsp; Digicel International Finance Ltd.\* |  |  | 9900 | 69300 |
| &nbsp;&nbsp; **United States 0.1%** |  |  |  |  |
| &nbsp;&nbsp; Diamond Sports Group LLC\* |  |  | 1389 | 19864 |
| &nbsp;&nbsp; **TOTAL COMMON STOCKS** <br> (cost $15,639) |  |  |  | 89164 |
| &nbsp;&nbsp; **PREFERRED STOCK 0.0%** |  |  |  |  |
| &nbsp;&nbsp; **Jamaica** |  |  |  |  |
| &nbsp;&nbsp; Digicel International Finance Ltd.\*^ |  |  |  |  |
|  |  |  | 645 | 7443 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return (USD Hedged) Fund 137 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | |
|:---|:---|:---|
| **Description** | **Units** | **Value** |
| &nbsp;&nbsp; **WARRANTS\* 0.0%** | &nbsp;&nbsp; **WARRANTS\* 0.0%** | &nbsp;&nbsp; **WARRANTS\* 0.0%** |
| &nbsp;&nbsp; **United States** | &nbsp;&nbsp; **United States** | &nbsp;&nbsp; **United States** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diamond Sports Group LLC, expiring 06/30/26<br> (cost $0) | 2598 | $703 |
| &nbsp;&nbsp; **TOTAL LONG-TERM INVESTMENTS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (cost $54,097,034) |  | 52648786 |
|  | **Shares** |  |
| &nbsp;&nbsp; **SHORT-TERM INVESTMENTS 2.3%** |  |  |
| &nbsp;&nbsp; **AFFILIATED MUTUAL FUND 2.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<br> (cost $1,212,092)(wa) | 1212092 | 1212092 |
| &nbsp;&nbsp; **OPTIONS PURCHASED\*~ 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $3,178) |  | 6825 |
| &nbsp;&nbsp; **TOTAL SHORT-TERM INVESTMENTS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $1,215,270) |  | 1218917 |
| &nbsp;&nbsp; **TOTAL INVESTMENTS, BEFORE OPTIONS WRITTEN 101.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $55,312,304) |  | 53867703 |
| &nbsp;&nbsp; **OPTIONS WRITTEN\*~ (0.0)%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (premiums received $8,059) |  | (14563) |
| &nbsp;&nbsp; **TOTAL INVESTMENTS, NET OF OPTIONS WRITTEN 101.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $55,304,245) |  | 53853140 |
| &nbsp;&nbsp; Liabilities in excess of other assets(z) (1.2)% |  | (647110) |
| &nbsp;&nbsp; **NET ASSETS 100.0%** |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53206030 |

---

See the Glossary for a list of the abbreviation(s) used in the semiannual report.

\* 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 $37,733 and 0.1% of net assets.  |

---

(c) Variable rate instrument. The interest rate shown reflects the rate in effect at April 30, 2025.

(cc) Variable rate instrument. The rate shown is based on the latest available information as of April 30, 2025. 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.

(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.

---

| |
|:---|
| See Notes to Financial Statements. |
| 138 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

(h) Represents security, or a portion thereof, segregated as collateral for OTC derivatives.

(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.

(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.

(wa) Represents investments in Funds 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 Purchased:

#### OTC Swaptions

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Call/**<br>**Put** | **Counterparty** | **Expiration**<br>**Date** | **Strike** | **Receive** | **Pay** | **Notional**<br>**Amount**<br>**(000)#** | **Notional**<br>**Amount**<br>**(000)#** | **Value** |
|  3-Year Interest Rate Swap, 07/29/28 | Call | JPM | 07/25/25 | 2.90% | 2.90%(A) | 1 Day SOFR(A)/<br> 4.410% |  | 450 | $1504 |
|  5-Year Interest Rate Swap, 06/27/30 | Call | CITI | 06/25/25 | 3.40% | 3.40%(A) | 1 Day SOFR(A)/<br> 4.410% |  | 255 | 2468 |
|  10-Year Interest Rate Swap, 09/29/35 | Call | JPM | 09/25/25 | 0.40% | 0.40%(A) | 1 Day SOFR(A)/<br>4.410% |  | 125 | 3 |
|  10-Year Interest Rate Swap, 09/29/35 | Call | DB | 09/25/25 | 3.53% | 3.53%(A) | 1 Day SOFR(A)/<br> 4.410% |  | 125 | 2239 |
|  3-Year Interest Rate Swap, 08/12/28 | Put | JPM | 08/07/25 | 1.02% | 1 Day TONAR(A)/<br>0.476% | 1.02%(A) | JPY | &nbsp;&nbsp;&nbsp;&nbsp;127200 | 466 |
|  3-Year Interest Rate Swap, 08/12/28 | Put | JPM | 08/07/25 | 1.52% | 1 Day TONAR(A)/<br>0.476% | 1.52%(A) | JPY | 127200 | 22 |
|  10-Year Interest Rate Swap, 05/23/35 | Put | CITI | 05/21/25 | 4.10% | 1 Day SOFR(A)/<br>4.410% | 4.10%(A) |  | 305 | 120 |
|  10-Year Interest Rate Swap, 05/23/35 | Put | CITI | 05/21/25 | 4.50% | 1 Day SOFR(A)/<br>4.410% | 4.50%(A) |  | 305 | 3 |
|  **Total Options Purchased** (cost $3,178) | **Total Options Purchased** (cost $3,178) | **Total Options Purchased** (cost $3,178) |  |  |  |  |  |  | $6825 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return (USD Hedged) Fund 139 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

#### Options Written:

#### Exchange Traded

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Call/** <br>**Put** | **Expiration**<br>**Date** | **Strike** | **Contracts** | **Notional<br>Amount<br>(000)#** | **Value** |
|  3 Month SOFR | Call | 12/12/25 | $96.25 | 4 | 10 | $(5925) |
|  3 Month SOFR | Put | 12/12/25 | $96.25 | 4 | 10 | (1550) |
|  **Total Exchange Traded** (premiums received $6,300) |  |  |  |  |  | $(7475) |

---

#### OTC Swaptions

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Call/**<br>**Put** | **Counterparty** | **Expiration**<br>**Date** | **Strike** | **Receive** | **Pay** | **Notional**<br>**Amount**<br>**(000)#** | **Notional**<br>**Amount**<br>**(000)#** | **Value** |
|  3-Year Interest Rate Swap, 07/29/28 | Call | JPM | 07/25/25 | 3.05% | 1 Day SOFR(A)/<br>4.410% | 3.05%(A) |  | 450 | $(2079) |
|  5-Year Interest Rate Swap, 06/27/30 | Call | CITI | 06/25/25 | 3.15% | 1 Day SOFR(A)/<br>4.410% | 3.15%(A) |  | 510 | (2520) |
|  10-Year Interest Rate Swap, 09/29/35 | Call | DB | 09/25/25 | 3.21% | 1 Day SOFR(A)/<br>4.410% | 3.21%(A) |  | 250 | (2248) |
|  3-Year Interest Rate Swap, 08/12/28 | Put | JPM | 08/07/25 | 1.27% | 1.27%(A) | 1 Day TONAR(A)/<br>0.476% | JPY | 254400 | (200) |
|  10-Year Interest Rate Swap, 05/23/35 | Put | CITI | 05/21/25 | 4.30% | 4.30%(A) | 1 Day SOFR(A)/<br>4.410% |  | 610 | (41) |
|  **Total OTC Swaptions** (premiums received $1,759) | **Total OTC Swaptions** (premiums received $1,759) | **Total OTC Swaptions** (premiums received $1,759) | **Total OTC Swaptions** (premiums received $1,759) | **Total OTC Swaptions** (premiums received $1,759) |  |  |  |  | $(7088) |
|  **Total Options Written** (premiums received $8,059) | **Total Options Written** (premiums received $8,059) | **Total Options Written** (premiums received $8,059) | **Total Options Written** (premiums received $8,059) | **Total Options Written** (premiums received $8,059) |  |  |  |  | $(14563) |

---

#### Futures contracts outstanding at April 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Number**<br> **of**<br> **Contracts** | **Type** | **Expiration**<br>**Date** | **Current** <br>**Notional** <br>**Amount** | **Value /**<br>**Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
|  **Long Positions:** | **Long Positions:** |  |  |  |
| 15 | 2 Year U.S. Treasury Notes | Jun. 2025 | $3122227 | $24568 |
| 30 | 5 Year U.S. Treasury Notes | Jun. 2025 | 3275859 | 57804 |
| 3 | 10 Year Mini Japanese Government Bonds | Jun. 2025 | 295111 | 2265 |
| 57 | 20 Year U.S. Treasury Bonds | Jun. 2025 | 6647625 | 49928 |
| 2 | Euro Schatz Index | Jun. 2025 | 243721 | 1279 |
|  |  |  |  | 135844 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 140 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

#### Futures contracts outstanding at April 30, 2025 (continued):

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Number**<br> **of**<br> **Contracts** | **Type** | **Expiration**<br>**Date** | **Current** <br>**Notional** <br>**Amount** | **Value /**<br>**Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
|  **Short Positions:** | **Short Positions:** |  |  |  |
| 15 | 3 Month CME SOFR | Jun. 2025 | $3586875 | $1942 |
| 21 | 3 Month CME SOFR | Sep. 2025 | 5035538 | 21657 |
| 21 | 3 Month CME SOFR | Dec. 2025 | 5059163 | 4529 |
| 6 | 3 Month CME SOFR | Mar. 2026 | 1450425 | (13361) |
| 6 | 3 Month CME SOFR | Jun. 2026 | 1453650 | (15382) |
| 4 | 5 Year Euro-Bobl | Jun. 2025 | 542091 | (1927) |
| 7 | 10 Year Euro-Bund | Jun. 2025 | 1045009 | 3140 |
| 11 | 10 Year U.S. Treasury Notes | Jun. 2025 | 1234406 | (7921) |
| 11 | 10 Year U.S. Ultra Treasury Notes | Jun. 2025 | 1262078 | (10140) |
| 13 | 30 Year U.S. Ultra Treasury Bonds | Jun. 2025 | 1573406 | (18684) |
| 4 | British Pound Currency | Jun. 2025 | 333550 | (15828) |
| 29 | Euro Currency | Jun. 2025 | 4125250 | (297300) |
|  |  |  |  | (349275) |
|  |  |  |  | $(213431) |

---

#### Forward foreign currency exchange contracts outstanding at April 30, 2025:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| <br> **Purchase**<br> **Contracts** | **Counterparty** | **Notional**<br>**Amount**<br>**(000)** | **Notional**<br>**Amount**<br>**(000)** | **Value at**<br>**Settlement**<br>**Date** | **Current**<br>**Value** | **Unrealized**<br>**Appreciation** | **Unrealized**<br>**Depreciation** |
|  **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** |  |  |  |
|  Australian Dollar, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 05/02/25 | BOA | AUD | 475 | $303318 | $304289 | $971 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 05/02/25 | JPM | AUD | 30 | 19027 | 19249 | 222 |  |
|  Brazilian Real, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 05/05/25 | GSI | BRL | 649 | 113035 | 114153 | 1118 |  |
|  British Pound, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 05/02/25 | MSI | GBP | 778 | 1036958 | 1037501 | 543 |  |
|  Euro, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 05/02/25 | BARC | EUR | 43 | 49130 | 49004 |  | (126) |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 05/02/25 | GSI | EUR | 132 | 150558 | 150072 |  | (486) |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 05/02/25 | GSI | EUR | 69 | 77997 | 77999 | 2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 05/02/25 | JPM | EUR | 12055 | 13693149 | 13657794 |  | (35355) |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 05/02/25 | MSI | EUR | 217 | 245064 | 246128 | 1064 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 05/02/25 | MSI | EUR | 115 | 124823 | 130708 | 5885 |  |
|  Japanese Yen, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 05/02/25 | HSBC | JPY | 91672 | 644116 | 641295 |  | (2821) |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 07/22/25 | SCB | JPY | 140556 | 994630 | 992318 |  | (2312) |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return (USD Hedged) Fund 141 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

#### Forward foreign currency exchange contracts outstanding at April 30, 2025 (continued):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| <br> **Purchase**<br> **Contracts** | **Counterparty** | **Notional**<br>**Amount**<br>**(000)** | **Notional**<br>**Amount**<br>**(000)** | **Value at**<br>**Settlement**<br>**Date** | **Current**<br>**Value** | **Unrealized**<br>**Appreciation** | **Unrealized**<br>**Depreciation** |
|  **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** |  |  |  |
|  Polish Zloty, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 07/22/25 | HSBC | PLN | 280 | $73901 | $73984 | $83 | $— |
|  |  |  |  | $17525706 | $17494494 | 9888 | (41100) |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| <br> **Sale**<br> **Contracts** | **Counterparty** | **Notional**<br>**Amount**<br>**(000)** | **Notional**<br>**Amount**<br>**(000)** | **Value at**<br>**Settlement**<br>**Date** | **Current**<br>**Value** | **Unrealized**<br>**Appreciation** | **Unrealized**<br>**Depreciation** |
|  **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** |  |  |  |
|  Australian Dollar, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 05/02/25 | SCB | AUD | 505 | $319400 | $323539 | $— | $(4139) |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 06/03/25 | BOA | AUD | 475 | 303408 | 304394 |  | (986) |
|  Brazilian Real, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 05/05/25 | BARC | BRL | 129 | 22961 | 22747 | 214 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 05/05/25 | CITI | BRL | 519 | 86435 | 91405 |  | (4970) |
|  British Pound, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 05/02/25 | BOA | GBP | 778 | 1008465 | 1037501 |  | (29036) |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 06/03/25 | MSI | GBP | 778 | 1037057 | 1037629 |  | (572) |
|  Canadian Dollar, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 07/22/25 | TD | CAD | 983 | 712184 | 716088 |  | (3904) |
|  Chinese Renminbi, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 06/18/25 | JPM | CNH | 7925 | 1098404 | 1094386 | 4018 |  |
|  Colombian Peso, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 06/18/25 | CITI | COP | 273723 | 65835 | 64318 | 1517 |  |
|  Euro, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 05/02/25 | JPM | EUR | 12581 | 13594116 | 14253945 |  | (659829) |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 05/02/25 | SSB | EUR | 51 | 58365 | 57761 | 604 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 06/03/25 | BNY | EUR | 146 | 166299 | 165874 | 425 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 06/03/25 | JPM | EUR | 12055 | 13719483 | 13684494 | 34989 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 06/03/25 | SCB | EUR | 100 | 113803 | 113311 | 492 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 06/03/25 | TD | EUR | 152 | 172943 | 172409 | 534 |  |
|  Japanese Yen, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 05/02/25 | HSBC | JPY | 91672 | 613980 | 641295 |  | (27315) |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 06/03/25 | HSBC | JPY | 91672 | 646441 | 643608 | 2833 |  |
|  Mexican Peso, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 06/18/25 | CITI | MXN | 5995 | 290948 | 303679 |  | (12731) |
|  South Korean Won, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 06/18/25 | BNY | KRW | 15136 | 10519 | 10659 |  | (140) |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 142 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| <br> **Sale**<br> **Contracts** | **Counterparty** | **Notional**<br>**Amount**<br>**(000)** | **Notional**<br>**Amount**<br>**(000)** | **Value at**<br>**Settlement**<br>**Date** | **Current**<br>**Value** | **Unrealized**<br>**Appreciation** | **Unrealized**<br>**Depreciation** |
|  **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** |  |  |  |
|  Swiss Franc, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 07/22/25 | MSI | CHF | 42 | $52618 | $51925 | $693 | $— |
|  |  |  |  | $34093664 | $34790967 | 46319 | (743622) |
|  |  |  |  |  |  | $56207 | $(784722) |

---

#### Credit default swap agreements outstanding at April 30, 2025:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference**<br> **Entity/**<br> **Obligation**  | **Termination**<br>**Date** | **Fixed**<br>**Rate** | **Notional**<br>**Amount**<br>**(000)#(3)** | **Notional**<br>**Amount**<br>**(000)#(3)** | **Fair**<br>**Value** | **Upfront**<br>**Premiums**<br>**Paid**<br>**(Received)** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** | **Counterparty** |
|  **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1):** |
|  China Development Bank | 06/20/29 | 1.000%(Q) |  | 205 | $(3785) | $(1736) | $(2049) | JPM |
|  Industrial & Commercial Bank of China Ltd. | 06/20/29 | 1.000%(Q) |  | 205 | (4108) | (1514) | (2594) | JPM |
|  Kingdom of Morocco | 12/20/27 | 1.000%(Q) |  | 115 | (798) | 1633 | (2431) | BNP |
|  Republic of Italy | 12/20/27 | 1.000%(Q) | EUR | 70 | (2024) | (1380) | (644) | BARC |
|  U.S. Treasury Notes | 06/20/25 | 0.250%(Q) | EUR | 45 | 9 | (4) | 13 | BARC |
|  |  |  |  |  | $(10706) | $(3001) | $(7705) |  |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference**<br> **Entity/**<br> **Obligation** | **Termination**<br>**Date** | **Fixed**<br>**Rate** | **Notional**<br>**Amount**<br>**(000)#(3)** | **Implied**<br>**Credit**<br>**Spread at**<br>**April 30,**<br>**2025(4)** | **Fair**<br>**Value** | **Upfront**<br>**Premiums**<br>**Paid**<br>**(Received)** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** | **Counterparty** |
|  **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2):** |
|  Bank of America Corp. | 12/20/25 | 1.000%(Q) | 90 | 0.296% | $508 | $413 | $95 | GSI |
|  Citigroup, Inc. | 12/20/25 | 1.000%(Q) | 90 | 0.315% | 498 | 419 | 79 | GSI |
|  Comision Federal de Electricidad | 06/20/29 | 1.000%(Q) | 140 | 2.375% | (6967) | (6278) | (689) | CITI |
|  Generalitat de Catalunya | 12/20/25 | 1.000%(Q) | 100 | 0.311% | 555 | (122) | 677 | DB |
|  Kingdom of Norway | 12/20/25 | —%(Q) | 120 | 0.044% | (33) | (38) | 5 | BARC |
|  Kingdom of Spain | 06/20/25 | 1.000%(Q) | 1000 | 0.071% | 2468 | (253) | 2721 | BOA |
|  Kingdom of Spain | 06/20/25 | 1.000%(Q) | 170 | 0.071% | 419 | (45) | 464 | BOA |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return (USD Hedged) Fund 143 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

#### Credit default swap agreements outstanding at April 30, 2025 (continued):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference**<br> **Entity/**<br> **Obligation** | **Termination**<br>**Date** | **Fixed**<br>**Rate** | **Notional**<br>**Amount**<br>**(000)#(3)** | **Implied**<br>**Credit**<br>**Spread at**<br>**April 30,**<br>**2025(4)** | **Fair**<br>**Value** | **Upfront**<br>**Premiums**<br>**Paid**<br>**(Received)** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** | **Counterparty** |
|  **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** |
|  Kingdom of Spain | 06/20/25 | 1.000%(Q) | 15 | 0.071% | $37 | $5 | $32 | BARC |
|  Morgan Stanley | 12/20/25 | 1.000%(Q) | 90 | 0.298% | 507 | 413 | 94 | GSI |
|  People's Republic of China | 06/20/29 | 1.000%(Q) | 410 | 0.524% | 7990 | 4219 | 3771 | JPM |
|  Republic of Estonia | 12/20/26 | 1.000%(Q) | 50 | 0.268% | 645 | 155 | 490 | JPM |
|  Republic of France | 06/20/34 | 0.250%(Q) | 195 | 0.667% | (6165) | (3928) | (2237) | CITI |
|  Republic of France | 12/20/34 | 0.250%(Q) | 570 | 0.690% | (19825) | (18799) | (1026) | BOA |
|  Republic of France | 12/20/34 | 0.250%(Q) | 265 | 0.690% | (9217) | (6122) | (3095) | BOA |
|  Republic of Italy | 06/20/30 | 1.000%(Q) | 100 | 0.573% | 2119 | (1478) | 3597 | BARC |
|  Republic of Panama | 12/20/26 | 1.000%(Q) | 45 | 1.265% | (137) | 42 | (179) | CITI |
|  |  |  |  |  | $(26598) | $(31397) | $4799 |  |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference**<br> **Entity/**<br> **Obligation** | **Termination<br>Date** | **Fixed**<br>**Rate** | **Notional<br>Amount<br>(000)#(3)** | **Implied Credit<br>Spread at<br>April 30,<br>2025(4)** | **Value at<br>Trade Date** | **Value at<br>April 30,<br>2025** | **Unrealized<br>Appreciation<br>(Depreciation)** |
|  **Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2):** |  |
|  CDX.NA.HY.44.V1 | 06/20/30 | 5.000%(Q) | 1735 | 4.123% | $66152 | $72906 | $6754 |
|  CDX.NA.IG.44.V1 | 06/20/30 | 1.000%(Q) | 13240 | 0.682% | 223119 | 210653 | (12466) |
|  |  |  |  |  | $289271 | $283559 | $(5712) |

---

The Fund entered into credit default swaps ("CDS") to provide a measure of protection against defaults or to take an active long or short position with respect to the likelihood of a particular issuer's default or the reference entity's credit soundness. CDS contracts generally trade based on a spread which represents the cost a protection buyer has to pay the protection seller. The protection buyer is said to be short the credit as the value of the contract rises the more the credit deteriorates. The value of the CDS contract increases for the protection buyer if the spread increases.

(1) If the Fund is a buyer of protection, it pays the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and make delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.

---

| |
|:---|
| See Notes to Financial Statements. |
| 144 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

(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.

#### Interest rate swap agreements outstanding at April 30, 2025:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional**<br>**Amount**<br>**(000)#** | **Notional**<br>**Amount**<br>**(000)#** | **Termination<br>Date** | **Fixed**<br>**Rate** | **Floating**<br> **Rate** | **Value at<br> Trade Date** | **Value at<br> April 30, <br> 2025**  | **Unrealized<br>Appreciation<br> (Depreciation)** |
| **Centrally Cleared Interest Rate Swap Agreements:** | **Centrally Cleared Interest Rate Swap Agreements:** | **Centrally Cleared Interest Rate Swap Agreements:** | **Centrally Cleared Interest Rate Swap Agreements:** | **Centrally Cleared Interest Rate Swap Agreements:** | **Centrally Cleared Interest Rate Swap Agreements:** | **Centrally Cleared Interest Rate Swap Agreements:** | **Centrally Cleared Interest Rate Swap Agreements:** |
| AUD | 730 | 12/03/33 | 2.800%(S) | 6 Month BBSW(2)(S)/ 3.888% | $(56254) | $(42871) | $13383 |
| AUD | 490 | 04/28/35 | 4.456%(S) | 6 Month BBSW(2)(S)/ 3.888% |  | 11264 | 11264 |
| AUD | 85 | 12/03/38 | 2.900%(S) | 6 Month BBSW(2)(S)/ 3.888% | (8631) | (7957) | 674 |
| CAD | 700 | 12/03/25 | 4.100%(S) | 1 Day CORRA(2)(S)/ 2.770% | (621) | 6804 | 7425 |
| CAD | 80 | 12/03/28 | 2.600%(S) | 1 Day CORRA(2)(S)/ 2.770% | 28 | (325) | (353) |
| CAD | 70 | 12/03/29 | 3.500%(S) | 1 Day CORRA(2)(S)/ 2.770% | 663 | 2526 | 1863 |
| CAD | 310 | 12/03/30 | 3.500%(S) | 1 Day CORRA(2)(S)/ 2.770% | (2214) | 12541 | 14755 |
| CAD | 225 | 12/03/31 | 3.450%(S) | 1 Day CORRA(2)(S)/ 2.770% | 5990 | 9214 | 3224 |
| CAD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;330 | 12/03/34 | 3.500%(S) | 1 Day CORRA(1)(S)/ 2.770% | (7143) | (15273) | (8130) |
| CAD | 60 | 12/03/43 | 3.550%(S) | 1 Day CORRA(2)(S)/ 2.770% | (3540) | 2938 | 6478 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return (USD Hedged) Fund 145 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

#### Interest rate swap agreements outstanding at April 30, 2025 (continued):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional**<br>**Amount**<br>**(000)#** | **Notional**<br>**Amount**<br>**(000)#** | **Termination<br>Date** | **Fixed**<br>**Rate** | **Floating**<br> **Rate** | **Value at<br> Trade Date** | **Value at<br> April 30, <br> 2025**  | **Unrealized<br>Appreciation<br> (Depreciation)** |
| **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** |
| CAD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85 | 12/03/44 | 3.500%(S) | 1 Day CORRA(1)(S)/ 2.770% | $(4631) | $(3756) | $875 |
| CAD | 350 | 12/03/48 | 3.450%(S) | 1 Day CORRA(2)(S)/ 2.770% | (6543) | 15833 | 22376 |
| CAD | 160 | 12/03/49 | 3.400%(S) | 1 Day CORRA(2)(S)/ 2.770% | 7375 | 6605 | (770) |
| CAD | 105 | 12/03/53 | 3.300%(S) | 1 Day CORRA(2)(S)/ 2.770% | (4589) | 3972 | 8561 |
| CAD | 180 | 12/03/54 | 3.250%(S) | 1 Day CORRA(1)(S)/ 2.770% | (9812) | (5956) | 3856 |
| CHF | 70 | 04/03/28 | 0.410%(A) | 1 Day SARON(2)(S)/ 0.198% | (133) | 1063 | 1196 |
| CHF | 130 | 01/31/29 | 0.260%(A) | 1 Day SARON(2)(S)/ 0.198% | (321) | 1185 | 1506 |
| CHF | 100 | 05/08/31 | 2.000%(A) | 1 Day SARON(2)(A)/ 0.198% | 4308 | 15065 | 10757 |
| CHF | 40 | 04/03/33 | 0.687%(A) | 1 Day SARON(2)(S)/ 0.198% | (172) | 1298 | 1470 |
| CHF | 360 | 03/20/34 | 1.258%(A) | 1 Day SARON(1)(A)/ 0.198% | (23815) | (36834) | (13019) |
| CHF | 230 | 12/13/34 | 0.371%(A) | 1 Day SARON(2)(A)/ 0.198% |  | 60 | 60 |
| CHF | 100 | 12/15/41 | 0.025%(A) | 1 Day SARON(2)(A)/ 0.198% | (17944) | (10844) | 7100 |
| CLP | 30200 | 07/12/29 | 3.135%(S) | 1 Day CLOIS(2)(S)/ 5.000% |  | (1856) | (1856) |
| CNH | 3200 | 07/13/25 | 2.653%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.950% | (4) | 1073 | 1077 |
| CNH | 2000 | 01/09/28 | 2.757%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.950% | (51) | 10124 | 10175 |
| CNH | 1925 | 04/26/28 | 2.790%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.950% |  | 10901 | 10901 |
| CNH | 12085 | 05/10/29 | 2.650%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.950% | 60389 | 84159 | 23770 |
| CNH | 3360 | 05/15/29 | 2.027%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.950% |  | 11435 | 11435 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 146 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional**<br>**Amount**<br>**(000)#** | **Notional**<br>**Amount**<br>**(000)#** | **Termination<br>Date** | **Fixed**<br>**Rate** | **Floating**<br> **Rate** | **Value at<br> Trade Date** | **Value at<br> April 30, <br> 2025**  | **Unrealized<br>Appreciation<br> (Depreciation)** |
| **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** |
| CNH | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3500 | 07/23/29 | 1.873%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/1.950% | $5437 | $9297 | $3860 |
| CNH | 3800 | 12/12/29 | 1.496%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/1.950% |  | 1846 | 1846 |
| CZK | 5145 | 03/31/30 | 0.710%(A) | 6 Month PRIBOR(2)(S)/3.520% |  | (28051) | (28051) |
| DKK | 500 | 04/08/32 | 1.581%(A) | 6 Month CIBOR(2)(S)/2.147% | (2581) | (4322) | (1741) |
| DKK | 265 | 07/10/35 | 3.200%(A) | 6 Month CIBOR(2)(S)/2.147% | 1234 | 2790 | 1556 |
| EUR | 200 | 05/11/25 | 0.100%(A) | 1 Day EuroSTR(1)(A)/2.156% | 692 | 7194 | 6502 |
| EUR | 2020 | 04/23/26 | 3.076%(A) | 1 Day EuroSTR(1)(A)/2.156% |  | (31060) | (31060) |
| EUR | 350 | 04/27/30 | (0.016)%(A) | 6 Month EURIBOR(2)(S)/2.129% |  | (40068) | (40068) |
| EUR | 342 | 08/15/30 | (0.191)%(A) | 1 Day EuroSTR(2)(A)/2.156% | (105) | (50968) | (50863) |
| EUR | 100 | 05/11/31 | 0.750%(A) | 1 Day EuroSTR(1)(A)/2.156% | 683 | 10967 | 10284 |
| EUR | 570 | 05/11/31 | 2.650%(A) | 1 Day EuroSTR(1)(A)/2.156% | (14119) | (19948) | (5829) |
| EUR | 235 | 10/30/32 | 1.302%(A) | 6 Month EURIBOR(2)(S)/2.129% | 3510 | (16470) | (19980) |
| EUR | 820 | 03/20/33 | 2.996%(A) | 6 Month EURIBOR(2)(S)/2.129% |  | 45436 | 45436 |
| EUR | 430 | 05/11/33 | 1.000%(A) | 6 Month EURIBOR(2)(S)/2.129% | (6244) | (49379) | (43135) |
| EUR | 653 | 02/15/34 | 2.231%(A) | 1 Day EuroSTR(1)(A)/2.156% |  | (979) | (979) |
| EUR | 55 | 03/20/34 | 2.560%(A) | 1 Day EuroSTR(2)(A)/2.156% | 186 | 1757 | 1571 |
| EUR | 410 | 05/11/34 | 2.650%(A) | 1 Day EuroSTR(2)(A)/2.156% | 10911 | 13599 | 2688 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return (USD Hedged) Fund 147 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional**<br>**Amount**<br>**(000)#** | **Notional**<br>**Amount**<br>**(000)#** | **Termination<br>Date** | **Fixed**<br>**Rate** | **Floating**<br> **Rate** | **Value at<br> Trade Date** | **Value at<br> April 30, <br> 2025**  | **Unrealized<br>Appreciation<br> (Depreciation)** |
| **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** |
| EUR | 590 | 03/20/38 | 2.982%(A) | 6 Month EURIBOR(1)(S)/2.129% | $— | $(33571) | $(33571) |
| EUR | 150 | 11/24/41 | 0.565%(A) | 6 Month EURIBOR(1)(S)/2.129% |  | 29167 | 29167 |
| EUR | 150 | 11/24/41 | 0.600%(A) | 3 Month EURIBOR(2)(Q)/2.156% |  | (29491) | (29491) |
| EUR | 364 | 11/25/41 | 0.629%(A) | 6 Month EURIBOR(1)(S)/2.129% |  | 68777 | 68777 |
| EUR | 364 | 11/25/41 | 0.663%(A) | 3 Month EURIBOR(2)(Q)/2.156% |  | (69608) | (69608) |
| EUR | 570 | 03/22/42 | 1.257%(A) | 6 Month EURIBOR(1)(S)/2.129% |  | 76427 | 76427 |
| EUR | 570 | 03/22/42 | 1.310%(A) | 3 Month EURIBOR(2)(Q)/2.156% |  | (76921) | (76921) |
| EUR | 400 | 02/24/43 | 2.910%(A) | 6 Month EURIBOR(1)(S)/2.129% | 332 | (22117) | (22449) |
| EUR | 400 | 02/24/43 | 2.960%(A) | 3 Month EURIBOR(2)(Q)/2.156% | (188) | 24444 | 24632 |
| EUR | 120 | 05/11/49 | 1.450%(A) | 6 Month EURIBOR(2)(S)/2.129% | 5102 | (25784) | (30886) |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;795 | 11/28/54 | 1.468%(A) | 6 Month EURIBOR(1)(S)/2.129% | (585) | 29039 | 29624 |
| GBP | 200 | 05/08/25 | 1.000%(A) | 1 Day SONIA(2)(A)/4.459% | (255) | (10513) | (10258) |
| GBP | 285 | 05/08/28 | 4.100%(A) | 1 Day SONIA(2)(A)/4.459% | 3267 | 2554 | (713) |
| GBP | 700 | 05/08/29 | 4.000%(A) | 1 Day SONIA(1)(A)/4.459% | (18026) | (5664) | 12362 |
| GBP | 35 | 05/08/30 | 1.100%(A) | 1 Day SONIA(1)(A)/4.459% | 5939 | 6855 | 916 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 148 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional<br>Amount**<br> **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)#**  | **Notional<br>Amount**<br> **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)#**  | **Termination<br>Date** | **Fixed<br>Rate** | **Floating**<br> **Rate** | **Value at<br>Trade Date** | **Value at**<br>**April 30,**<br>**2025** | **Unrealized<br>Appreciation<br>(Depreciation)** |
|  **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** |
| GBP | 290 | 05/08/32 | 3.850%(A) | 1 Day SONIA(2)(A)/4.459% | $(2267) | $(1610) | $657 |
| GBP | 530 | 05/08/34 | 3.850%(A) | 1 Day SONIA(1)(A)/4.459% | (8640) | 8873 | 17513 |
| GBP | 180 | 05/08/35 | 3.900%(A) | 1 Day SONIA(2)(A)/4.459% | 955 | (3203) | (4158) |
| GBP | 155 | 05/08/37 | 1.200%(A) | 1 Day SONIA(2)(A)/4.459% | (42251) | (62510) | (20259) |
| GBP | 220 | 05/08/38 | 1.200%(A) | 1 Day SONIA(2)(A)/4.459% | (69193) | (95204) | (26011) |
| GBP | 55 | 05/08/39 | 3.900%(A) | 1 Day SONIA(2)(A)/4.459% | (253) | (2716) | (2463) |
| GBP | 55 | 05/08/44 | 3.950%(A) | 1 Day SONIA(1)(A)/4.459% | (2898) | 4039 | 6937 |
| GBP | 225 | 05/08/46 | 1.250%(A) | 1 Day SONIA(2)(A)/4.459% | 43481 | (138990) | (182471) |
| GBP | 170 | 05/08/47 | 1.250%(A) | 1 Day SONIA(2)(A)/4.459% | (30659) | (106939) | (76280) |
| GBP | 190 | 05/08/48 | 1.250%(A) | 1 Day SONIA(2)(A)/4.459% | (91117) | (122702) | (31585) |
| GBP | 150 | 05/08/49 | 1.250%(A) | 1 Day SONIA(1)(A)/4.459% | 76745 | 100090 | 23345 |
| GBP | 45 | 05/08/49 | 3.950%(A) | 1 Day SONIA(1)(A)/4.459% | (2668) | 4215 | 6883 |
| GBP | 35 | 09/03/50 | 0.328%(A) | 1 Day SONIA(2)(A)/4.459% |  | (30312) | (30312) |
| GBP | 60 | 05/08/52 | 1.250%(A) | 1 Day SONIA(2)(A)/4.459% | (3422) | (42155) | (38733) |
| GBP | 260 | 05/08/54 | 1.250%(A) | 1 Day SONIA(2)(A)/4.459% | (140036) | (189987) | (49951) |
| GBP | 65 | 05/08/54 | 3.900%(A) | 1 Day SONIA(2)(A)/4.459% | (228) | (7389) | (7161) |
| HUF | 90865 | 06/12/28 | 3.750%(A) | 6 Month BUBOR(2)(S)/6.500% |  | (12528) | (12528) |
| JPY | 179000 | 04/08/26 | 0.018%(S) | 1 Day TONAR(2)(S)/0.476% | 2 | (7593) | (7595) |
| JPY | 59000 | 12/18/27 | 0.290%(S) | 1 Day TONAR(2)(S)/0.476% | (350) | (5028) | (4678) |
| JPY | 129000 | 04/11/28 | 0.609%(A) | 1 Day TONAR(1)(A)/0.476% |  | 1991 | 1991 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return (USD Hedged) Fund 149 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional<br>Amount**<br> **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)#**  | **Notional<br>Amount**<br> **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)#**  | **Termination<br>Date** | **Fixed<br>Rate** | **Floating**<br> **Rate** | **Value at<br>Trade Date** | **Value at**<br>**April 30,**<br>**2025** | **Unrealized<br>Appreciation<br>(Depreciation)** |
|  **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** |
| JPY | 10000 | 07/08/28 | (0.050)%(A) | 1 Day TONAR(2)(A)/0.476% | $(826) | $(1843) | $(1017) |
| JPY | 119700 | 07/31/28 | 0.268%(A) | 1 Day TONAR(2)(A)/0.476% |  | (11885) | (11885) |
| JPY | 163000 | 11/12/28 | 0.011%(S) | 1 Day TONAR(2)(S)/0.476% | 3 | (32361) | (32364) |
| JPY | 60000 | 07/08/29 | (0.050)%(A) | 1 Day TONAR(1)(A)/0.476% | 11802 | 15369 | 3567 |
| JPY | 85000 | 07/08/29 | 0.650%(A) | 1 Day TONAR(2)(A)/0.476% | (3355) | (378) | 2977 |
| JPY | 85000 | 07/08/30 | (0.050)%(A) | 1 Day TONAR(1)(A)/0.476% | 23074 | 27435 | 4361 |
| JPY | 125000 | 07/08/30 | 0.750%(A) | 1 Day TONAR(2)(A)/0.476% | (13982) | 2138 | 16120 |
| JPY | 30000 | 07/08/31 | 0.000%(A) | 1 Day TONAR(1)(A)/0.476% | 10938 | 11173 | 235 |
| JPY | 53000 | 12/18/32 | 0.516%(S) | 1 Day TONAR(2)(S)/0.476% | (808) | (11825) | (11017) |
| JPY | 30000 | 07/08/33 | 0.100%(A) | 1 Day TONAR(2)(A)/0.476% | (16085) | (14275) | 1810 |
| JPY | 50364 | 06/27/34 | 0.995%(A) | 1 Day TONAR(1)(A)/0.476% | 4 | (2500) | (2504) |
| JPY | 111500 | 12/18/37 | 0.715%(S) | 1 Day TONAR(2)(S)/0.476% | (2639) | (50159) | (47520) |
| JPY | 57555 | 01/04/38 | 0.757%(S) | 1 Day TONAR(2)(S)/0.476% | (1317) | (24226) | (22909) |
| JPY | 11780 | 12/03/38 | 0.600%(S) | 1 Day TONAR(2)(S)/0.476% | (5) | (7558) | (7553) |
| JPY | 126500 | 07/08/39 | 0.200%(A) | 1 Day TONAR(1)(A)/0.476% | 114742 | 131124 | 16382 |
| JPY | 70000 | 07/08/39 | 1.350%(A) | 1 Day TONAR(2)(A)/0.476% | 8729 | 5894 | (2835) |
| JPY | 10000 | 10/04/39 | 0.203%(S) | 1 Day TONAR(2)(S)/0.476% | (22) | (11049) | (11027) |
| JPY | 21500 | 12/03/39 | 0.650%(S) | 1 Day TONAR(2)(S)/0.476% | (10) | (14961) | (14951) |
| JPY | 20000 | 02/06/40 | 0.223%(S) | 1 Day TONAR(2)(S)/0.476% | (100) | (22645) | (22545) |
| JPY | 25000 | 07/08/42 | 0.300%(A) | 1 Day TONAR(2)(A)/0.476% | (16792) | (32532) | (15740) |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 150 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional<br>Amount**<br> **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)#**  | **Notional<br>Amount**<br> **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)#**  | **Termination<br>Date** | **Fixed<br>Rate** | **Floating**<br> **Rate** | **Value at<br>Trade Date** | **Value at**<br>**April 30,**<br>**2025** | **Unrealized<br>Appreciation<br>(Depreciation)** |
|  **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** |
| JPY | 5000 | 07/04/43 | 0.763%(S) | 1 Day TONAR(2)(S)/0.476% | $(124) | $(4785) | $(4661) |
| JPY | 30000 | 07/08/44 | 1.550%(A) | 1 Day TONAR(1)(A)/0.476% | (6849) | (368) | 6481 |
| JPY | 91700 | 12/18/47 | 0.918%(S) | 1 Day TONAR(2)(S)/0.476% | (3032) | (105950) | (102918) |
| JPY | 40000 | 07/08/48 | 0.450%(A) | 1 Day TONAR(2)(A)/0.476% | (47499) | (70765) | (23266) |
| JPY | 25000 | 07/08/49 | 0.450%(A) | 1 Day TONAR(2)(A)/0.476% | (36954) | (46898) | (9944) |
| JPY | 75000 | 07/08/49 | 1.700%(A) | 1 Day TONAR(1)(A)/0.476% | (23673) | 1499 | 25172 |
| JPY | 30000 | 07/08/52 | 0.450%(A) | 1 Day TONAR(2)(A)/0.476% | (24087) | (64122) | (40035) |
| JPY | 40000 | 07/08/54 | 0.450%(A) | 1 Day TONAR(1)(A)/0.476% | 70582 | 92462 | 21880 |
| JPY | 60000 | 07/08/54 | 1.750%(A) | 1 Day TONAR(2)(A)/0.476% | 2901 | (6847) | (9748) |
| KRW | 700000 | 09/10/28 | 2.043%(Q) | 3 Month KWCDC(2)(Q)/2.710% | (17268) | (3459) | 13809 |
| KRW | 461780 | 03/10/33 | 3.150%(Q) | 3 Month KWCDC(2)(Q)/2.710% | (3990) | 19608 | 23598 |
| KRW | 953000 | 03/10/34 | 3.150%(Q) | 3 Month KWCDC(2)(Q)/2.710% | 2893 | 43936 | 41043 |
| MXN | 5700 | 12/10/25 | 9.425%(M) | 28 Day Mexican Interbank Rate(2)(M)/9.341% | 76 | 1881 | 1805 |
| MXN | 5700 | 06/14/34 | 9.425%(M) | 28 Day Mexican Interbank Rate(2)(M)/9.341% |  | 18570 | 18570 |
| NOK | 1680 | 03/15/27 | 2.103%(A) | 6 Month NIBOR(2)(S)/4.640% | 2023 | (6070) | (8093) |
| NZD | 100 | 11/05/29 | 1.393%(S) | 3 Month BBR(2)(Q)/3.430% |  | (5016) | (5016) |
| PLN | 890 | 07/11/28 | 2.935%(A) | 6 Month WIBOR(2)(S)/5.100% | 10572 | (5415) | (15987) |
| SEK | 1200 | 11/05/29 | 0.457%(A) | 3 Month STIBOR(2)(Q)/2.317% | (1380) | (10013) | (8633) |
| SGD | 165 | 07/29/31 | 1.120%(S) | 1 Day SORA(2)(S)/2.167% | 717 | (6578) | (7295) |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return (USD Hedged) Fund 151 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional<br>Amount**<br> **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)#**  | **Notional<br>Amount**<br> **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)#**  | **Termination<br>Date** | **Fixed<br>Rate** | **Floating**<br> **Rate** | **Value at<br>Trade Date** | **Value at**<br>**April 30,**<br>**2025** | **Unrealized<br>Appreciation<br>(Depreciation)** |
|  **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** |
| THB | 2000 | 07/03/30 | 1.028%(Q) | 1 Day THOR(2)(Q)/1.741% | $(4524) | $(1208) | $3316 |
| THB | 8800 | 04/18/34 | 2.895%(Q) | 1 Day THOR(2)(Q)/1.741% |  | 26403 | 26403 |
| THB | 7680 | 04/22/34 | 2.818%(Q) | 1 Day THOR(2)(Q)/1.741% |  | 21534 | 21534 |
| THB | 3800 | 12/16/34 | 2.173%(Q) | 1 Day THOR(2)(Q)/1.741% |  | 4255 | 4255 |
|  | 10160 | 05/07/25 | 4.321%(T) | 1 Day USOIS(2)(T)/4.330% |  | (296) | (296) |
|  | 5740 | 08/19/25 | 4.395%(T) | 1 Day SOFR(2)(T)/4.410% | (58) | (10864) | (10806) |
|  | 4705 | 09/06/25 | 4.200%(T) | 1 Day SOFR(2)(T)/4.410% | 688 | (14595) | (15283) |
|  | 2210 | 04/23/26 | 4.861%(A) | 1 Day SOFR(2)(A)/4.410% |  | 23458 | 23458 |
|  | 2210 | 05/11/26 | 4.750%(A) | 1 Day SOFR(2)(A)/4.410% | 25465 | 18913 | (6552) |
|  | 2395 | 09/06/26 | 3.660%(A) | 1 Day SOFR(1)(A)/4.410% | (841) | 12512 | 13353 |
|  | 1795 | 09/25/26 | 4.699%(A) | 1 Day SOFR(1)(A)/4.410% |  | (29408) | (29408) |
|  | 493 | 08/15/28 | 1.220%(A) | 1 Day SOFR(1)(A)/4.410% |  | 44386 | 44386 |
|  | 1265 | 09/05/28 | 4.027%(A) | 1 Day SOFR(1)(A)/4.410% |  | (23398) | (23398) |
|  | 980 | 09/28/28 | 4.396%(A) | 1 Day SOFR(1)(A)/4.410% |  | (33026) | (33026) |
|  | 1100 | 11/07/28 | 4.223%(A) | 1 Day SOFR(1)(A)/4.410% |  | (31641) | (31641) |
|  | 950 | 05/17/29 | 4.143%(A) | 1 Day SOFR(1)(A)/4.410% |  | (22020) | (22020) |
|  | 420 | 03/28/32 | 3.841%(A) | 1 Day SOFR(1)(A)/4.410% |  | (8756) | (8756) |
|  | 280 | 12/10/34 | 3.911%(A) | 1 Day SOFR(2)(A)/4.410% |  | 5737 | 5737 |
|  | 310 | 04/28/35 | 4.035%(A) | 1 Day SOFR(1)(A)/4.410% |  | (10004) | (10004) |
|  | 415 | 05/11/40 | 4.100%(A) | 1 Day SOFR(1)(A)/4.410% | 7975 | (9681) | (17656) |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 152 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Notional<br>Amount**<br> **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)#**  | **Termination<br>Date** | **Fixed<br>Rate** | **Floating**<br> **Rate** | **Value at<br>Trade Date** | **Value at**<br>**April 30,**<br>**2025** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** |
| 200 | 05/11/45 | 4.000%(A) | 1 Day SOFR(2)(A)/4.410% | $(8556) | $1331 | $9887 |
| 1020 | 05/11/49 | 1.350%(A) | 1 Day SOFR(2)(A)/4.410% | (400864) | (440365) | (39501) |
| 233 | 11/15/52 | 3.927%(A) | 1 Day SOFR(1)(A)/4.410% |  | (3211) | (3211) |
| 240 | 04/30/54 | 4.027%(A) | 1 Day SOFR(1)(A)/4.410% |  | (8473) | (8473) |
| 465 | 05/10/54 | 3.850%(A) | 1 Day SOFR(2)(A)/4.410% | (2665) | (2888) | (223) |
| 940 | 05/11/54 | 1.350%(A) | 1 Day SOFR(1)(A)/4.410% | 412098 | 440278 | 28180 |
| 2645 | 12/14/54 | 3.136%(A) | 1 Day SOFR(1)(A)/4.410% | 10822 | 43790 | 32968 |
| 244 | 12/15/54 | 3.638%(A) | 1 Day SOFR(1)(A)/4.410% |  | 7844 | 7844 |
| 155 | 05/11/55 | 3.850%(A) | 1 Day SOFR(1)(A)/4.410% | 7566 | 574 | (6992) |
| 510 | 05/10/74 | 3.420%(A) | 1 Day SOFR(1)(A)/4.410% | 5260 | 18343 | 13083 |
| 800 | 05/11/74 | 1.950%(A) | 1 Day SOFR(1)(A)/4.410% | 3605 | 20655 | 17050 |
|  |  |  |  | $(251044) | $(975250) | $(724206) |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional<br>Amount**<br> **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)#**  | **Notional<br>Amount**<br> **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)#**  | **Termination<br>Date** | **Fixed<br>Rate** | **Floating**<br> **Rate** | **Fair<br>Value** | **Upfront<br>Premiums<br>Paid(Received)** | **Unrealized<br>Appreciation<br>(Depreciation)** | **Counterparty** |
|  **OTC Interest Rate Swap Agreements:** | **OTC Interest Rate Swap Agreements:** | **OTC Interest Rate Swap Agreements:** | **OTC Interest Rate Swap Agreements:** | **OTC Interest Rate Swap Agreements:** | **OTC Interest Rate Swap Agreements:** | **OTC Interest Rate Swap Agreements:** | **OTC Interest Rate Swap Agreements:** | **OTC Interest Rate Swap Agreements:** |
| CNH | 2100 | 07/31/30 | 2.515%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/1.950% | $16234 | $— | $16234 | MSI |
| CNH | 6000 | 09/01/30 | 2.360%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/1.950% | 41120 |  | 41120 | MSI |
| CNH | 2700 | 11/24/30 | 2.495%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/1.950% | 22013 |  | 22013 | MSI |
| CNH | 3000 | 10/14/31 | 2.675%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/1.950% | 32235 |  | 32235 | SCB |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return (USD Hedged) Fund 153 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional<br>Amount**<br> **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)#**  | **Notional<br>Amount**<br> **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)#**  | **Termination<br>Date** | **Fixed<br>Rate** | **Floating**<br> **Rate** | **Fair<br>Value** | **Upfront<br>Premiums<br>Paid(Received)** | **Unrealized<br>Appreciation<br>(Depreciation)** | **Counterparty** |
|  **OTC Interest Rate Swap Agreements (cont'd.):** | **OTC Interest Rate Swap Agreements (cont'd.):** | **OTC Interest Rate Swap Agreements (cont'd.):** | **OTC Interest Rate Swap Agreements (cont'd.):** | **OTC Interest Rate Swap Agreements (cont'd.):** | **OTC Interest Rate Swap Agreements (cont'd.):** | **OTC Interest Rate Swap Agreements (cont'd.):** | **OTC Interest Rate Swap Agreements (cont'd.):** | **OTC Interest Rate Swap Agreements (cont'd.):** |
| MYR | 450 | 04/09/26 | 2.625%(Q) | 3 Month KLIBOR(2)(Q)/3.650% | $(847) | $(8) | $(839) | MSI |
| MYR | 900 | 08/12/26 | 2.605%(Q) | 3 Month KLIBOR(2)(Q)/3.650% | (2437) | (2) | (2435) | HSBC |
| MYR | 200 | 07/11/29 | 3.528%(Q) | 3 Month KLIBOR(2)(Q)/3.650% | 474 |  | 474 | MSI |
| MYR | 790 | 11/23/30 | 3.880%(Q) | 3 Month KLIBOR(2)(Q)/3.650% | 5383 | (1) | 5384 | MSI |
| MYR | 200 | 04/07/32 | 3.870%(Q) | 3 Month KLIBOR(2)(Q)/3.650% | 1403 | (2) | 1405 | CITI |
| MYR | 230 | 07/12/32 | 3.650%(Q) | 3 Month KLIBOR(2)(Q)/3.650% | 862 | (1) | 863 | GSI |
|  |  |  |  |  | $116440 | $(14) | $116454 |  |

---

(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 April 30, 2025:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Entity** | **Financing**<br> **Rate** | **Counterparty** | **Termination**<br>**Date** | **Long**<br>**(Short)**<br>**Notional**<br>**Amount**<br> **(000)#(1)** | **Fair**<br>**Value** | **Upfront**<br>**Premiums**<br>**Paid**<br>**(Received)** | **Unrealized**<br> **Appreciation**<br> **(Depreciation)(2)** |
|  **OTC Total Return Swap Agreements:** | **OTC Total Return Swap Agreements:** | **OTC Total Return Swap Agreements:** |  |  |  |  |  |
|  U.S. Treasury Bond(T) | 1 Day USOIS +15bps(T)/4.480% | JPM | 05/13/25 | 1278 | $(9336) | $— | $(9336) |
|  U.S. Treasury Bond(T) | 1 Day USOIS -60bps(T)/3.730% | JPM | 05/21/25 | 585 | 6048 |  | 6048 |
|  |  |  |  |  | $(3288) | $— | $(3288) |

---

(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.

---

| |
|:---|
| See Notes to Financial Statements. |
| 154 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

(2) Upfront/recurring fees or commissions, as applicable, are included in the net unrealized appreciation (depreciation).

#### Balances Reported in the Statement of Assets and Liabilities for OTC Swap Agreements:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Premiums Paid** | **Premiums Received** | **Unrealized**<br> **Appreciation** | **Unrealized<br>Depreciation** |
|  OTC Swap Agreements | $7299 | $(41711) | $137814 | $(27554) |

---

#### Summary of Collateral for Centrally Cleared/Exchange-traded Derivatives:
Cash and securities segregated as collateral, including pending settlement for closed positions, to cover requirements for centrally cleared/exchange-traded derivatives are listed by broker as follows:

---

| | | |
|:---|:---|:---|
| **Broker** | **Cash and/or Foreign Currency** | **Securities Market Value** |
|  JPS | $— | $1398750 |

---

#### Fair Value Measurements:
Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below.

Level 1—unadjusted quoted prices generally in active markets for identical securities.

Level 2—quoted prices for similar securities, interest rates and yield curves, prepayment speeds, foreign currency exchange rates and other observable inputs.

Level 3—unobservable inputs for securities valued in accordance with Board approved fair valuation procedures.

The following is a summary of the inputs used as of April 30, 2025 in valuing such portfolio securities:

---

| | | | |
|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** |
|  **Investments in Securities** |  |  |  |
|  **Assets** |  |  |  |
|  **Long-Term Investments** |  |  |  |
|  Asset-Backed Securities |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cayman Islands | $— | $475134 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ireland |  | 1507948 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spain |  |  | 30290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States |  | 1831029 |  |
|  Commercial Mortgage-Backed Securities |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canada |  | 154831 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ireland |  | 108163 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Kingdom |  | 336244 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States |  | 2788116 |  |
|  Corporate Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brazil |  | 260426 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bulgaria |  | 212409 |  |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return (USD Hedged) Fund 155 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | |
|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** |
|  **Investments in Securities (continued)** |  |  |  |
|  **Assets (continued)** |  |  |  |
|  **Long-Term Investments (continued)** |  |  |  |
|  Corporate Bonds (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canada | $— | $597855 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; China |  | 22869 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; France |  | 1983423 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Germany |  | 540076 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hong Kong |  | 353008 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hungary |  | 216176 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; India |  | 550349 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indonesia |  | 210659 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Israel |  | 178408 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Italy |  | 202480 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jamaica |  | 106767 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Luxembourg |  | 867655 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Malta |  | 212705 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mexico |  | 727230 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Netherlands |  | 197839 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Norway |  | 157920 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Peru |  | 7200 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Philippines |  | 296592 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portugal |  | 124826 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Africa |  | 196750 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spain |  | 219231 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Supranational Bank |  | 320987 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sweden |  | 108244 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Switzerland |  | 401115 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Arab Emirates |  | 829054 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Kingdom |  | 1681178 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States |  | 6854142 |  |
|  Floating Rate and Other Loans |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States |  | 8237 |  |
|  Municipal Bond |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Louisiana |  | 102605 |  |
|  Residential Mortgage-Backed Securities |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States |  | 1160636 |  |
|  Sovereign Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Andorra |  | 203194 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Austria |  | 228222 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brazil |  | 502724 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bulgaria |  | 175321 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chile |  | 123438 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; China |  | 436569 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colombia |  | 670404 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Croatia |  | 199382 |  |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 156 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | |
|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** |
|  **Investments in Securities (continued)** |  |  |  |
|  **Assets (continued)** |  |  |  |
|  **Long-Term Investments (continued)** |  |  |  |
|  Sovereign Bonds (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cyprus | $— | $269887 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; France |  | 474522 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Greece |  | 1420636 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hong Kong |  | 151678 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hungary |  | 369597 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indonesia |  | 823847 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Israel |  | 396581 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Italy |  | 1745876 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Latvia |  | 199807 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lithuania |  | 199028 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mexico |  | 277123 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Panama |  | 366350 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Peru |  | 97873 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Philippines |  | 312242 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Romania |  | 365600 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Saudi Arabia |  | 284530 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Serbia |  | 337349 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Slovakia |  | 163833 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spain |  | 819462 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Turkey |  | 16966 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Arab Emirates |  | 113710 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Kingdom |  | 274825 |  |
|  U.S. Government Agency Obligation |  | 12336 |  |
|  U.S. Treasury Obligations |  | 11286186 |  |
|  Affiliated Exchange-Traded Fund | 2091572 |  |  |
|  Common Stocks |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jamaica |  | 69300 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States |  | 19864 |  |
|  Preferred Stock |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jamaica |  |  | 7443 |
|  Warrants |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States |  | 703 |  |
|  **Short-Term Investments** |  |  |  |
|  Affiliated Mutual Fund | 1212092 |  |  |
|  Options Purchased |  | 6825 |  |
|  **Total** | $**3303664** | $**50526306** | $**37733** |
|  **Liabilities** |  |  |  |
|  Options Written | $**(7475)** | $**(7088)** | $**—** |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return (USD Hedged) Fund 157 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | |
|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** |
|  **Other Financial Instruments\*** |  |  |  |
|  **Assets** |  |  |  |
|  Futures Contracts | $167112 | $— | $— |
|  OTC Forward Foreign Currency Exchange Contracts |  | 56207 |  |
|  Centrally Cleared Credit Default Swap Agreement |  | 6754 |  |
|  OTC Credit Default Swap Agreements |  | 15755 |  |
|  Centrally Cleared Interest Rate Swap Agreements |  | 996419 |  |
|  OTC Interest Rate Swap Agreements |  | 119724 |  |
|  OTC Total Return Swap Agreement |  | 6048 |  |
|  **Total** | $**167112** | $**1200907** | $**—** |
|  **Liabilities** |  |  |  |
|  Futures Contracts | $(380543) | $— | $— |
|  OTC Forward Foreign Currency Exchange Contracts |  | (784722) |  |
|  Centrally Cleared Credit Default Swap Agreement |  | (12466) |  |
|  OTC Credit Default Swap Agreements |  | (53059) |  |
|  Centrally Cleared Interest Rate Swap Agreements |  | (1720625) |  |
|  OTC Interest Rate Swap Agreements |  | (3284) |  |
|  OTC Total Return Swap Agreement |  | (9336) |  |
|  **Total** | $**(380543)** | $**(2583492)** | $**—** |

---

\* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and centrally cleared swap contracts, which are recorded at unrealized appreciation (depreciation) on the instrument, and OTC swap contracts which are recorded at fair value. 

#### Industry Classification :
The industry classification of investments and liabilities in excess of other assets shown as a percentage of net assets as of April 30, 2025 were as follows:

---

| | |
|:---|:---|
|  Sovereign Bonds | 22.6 |
|  U.S. Treasury Obligations | 21.2 |
|  Banks | 10.7 |
|  Commercial Mortgage-Backed Securities | 6.4 |
|  Affiliated Exchange-Traded Fund | 3.9 |
|  Electric | 3.9 |
|  Collateralized Loan Obligations | 3.7 |
|  Real Estate | 2.5 |
|  Affiliated Mutual Fund | 2.3 |
|  Residential Mortgage-Backed Securities | 2.3 |
|  Automobiles | 2.1 |
|  Oil & Gas | 2.0 |

---

---

| | |
|:---|:---|
|  Transportation | 1.7 |
|  Telecommunications | 1.6 |
|  Real Estate Investment Trusts (REITs) | 1.2 |
|  Pipelines | 0.9 |
|  Commercial Services | 0.8 |
|  Media | 0.8 |
|  Diversified Financial Services | 0.8 |
|  Home Equity Loans | 0.8 |
|  Insurance | 0.8 |
|  Auto Manufacturers | 0.6 |
|  Multi-National | 0.6 |
|  Consumer Loans | 0.5 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 158 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

#### Industry Classification (continued) :

---

| | |
|:---|:---|
|  Retail | 0.5 |
|  Pharmaceuticals | 0.5 |
|  Internet | 0.4 |
|  Software | 0.4 |
|  Agriculture | 0.4 |
|  Investment Companies | 0.4 |
|  Entertainment | 0.4 |
|  Foods | 0.4 |
|  Engineering & Construction | 0.4 |
|  Home Builders | 0.3 |
|  Semiconductors | 0.3 |
|  Beverages | 0.3 |
|  Electronics | 0.2 |
|  Aerospace & Defense | 0.2 |
|  Municipal Bond | 0.2 |
|  Auto Parts & Equipment | 0.2 |
|  Wireless Telecommunication Services | 0.1 |
|  Holding Companies-Diversified | 0.1 |
|  Iron/Steel | 0.1 |
|  Healthcare-Services | 0.1 |

---

---

| | |
|:---|:---|
|  Chemicals | 0.1 |
|  Lodging | 0.1 |
|  Gas | 0.1 |
|  Mining | 0.1 |
|  Airlines | 0.1 |
|  Interactive Media & Services | 0.1 |
|  Building Materials | 0.0 |
|  U.S. Government Agency Obligation | 0.0 |
|  Options Purchased | 0.0 |
|  Housewares | 0.0 |
|  | 101.2 |
|  Options Written | (0.0) |
|  Liabilities in excess of other assets | (1.2) |
|  | 100.0 |

---

\* Less than 0.05% 

#### Effects of Derivative Instruments on the Financial Statements and Primary Underlying Risk Exposure:
The Fund invested in derivative instruments during the reporting period. The primary types of risk associated with these derivative instruments are credit risk, foreign exchange risk and interest rate risk. See the Notes to Financial Statements for additional detail regarding these derivative instruments and their risks. The effect of such derivative instruments on the Fund's financial position and financial performance as reflected in the Statement of Assets and Liabilities and Statement of Operations is presented in the summary below.

Fair values of derivative instruments as of April 30, 2025 as presented in the Statement of Assets and Liabilities:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset Derivatives**  | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset Derivatives**  | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liability Derivatives**  | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liability Derivatives**  |
| <br>**Derivatives not accounted for**<br> **as hedging instruments,**<br> **carried at fair value**  | **Statement of**<br> **Assets and**<br> **Liabilities Location** | **Fair<br> Value** | **Statement of**<br> **Assets and**<br> **Liabilities Location** | **Fair<br> Value** |
|  Credit contracts | Due from/to broker-variation margin swaps | $6754 \* | Due from/to broker-variation margin swaps | $12466 \* |
|  Credit contracts | Premiums paid for OTC swap agreements | 7299 | Premiums received for OTC swap agreements | 41697 |
|  Credit contracts | Unrealized appreciation on OTC swap agreements | &nbsp;&nbsp;&nbsp;&nbsp;12038 | Unrealized depreciation on OTC swap agreements | 14944 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return (USD Hedged) Fund 159 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset Derivatives**  | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset Derivatives**  | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liability Derivatives**  | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liability Derivatives**  |
| <br>**Derivatives not accounted for**<br> **as hedging instruments,**<br> **carried at fair value** | **Statement of**<br> **Assets and**<br> **Liabilities Location** | **Fair**<br> **Value** | **Statement of**<br> **Assets and**<br> **Liabilities Location**  | **Fair**<br> **Value** |
|  Foreign exchange contracts |  | $— | Due from/to broker-variation margin futures | $313,128\* |
|  Foreign exchange contracts | Unrealized appreciation on OTC forward foreign currency exchange contracts | 56207 | Unrealized depreciation on OTC forward foreign currency exchange contracts | 784722 |
|  Interest rate contracts | Due from/to broker-variation margin futures | 167112 \* | Due from/to broker-variation margin futures | 67415 \* |
|  Interest rate contracts | Due from/to broker-variation margin swaps | 996419 \* | Due from/to broker-variation margin swaps | 1720625 \* |
|  Interest rate contracts |  |  | Premiums received for OTC swap agreements | 14 |
|  Interest rate contracts | Unaffiliated investments | 6825 | Options written outstanding, at value | 14563 |
|  Interest rate contracts | Unrealized appreciation on OTC swap agreements | 125776 | Unrealized depreciation on OTC swap agreements | 12610 |
|  |  | $1378430 |  | $2982184 |

---

\* Includes cumulative appreciation (depreciation) as reported in the schedule of open futures and centrally cleared swap contracts. Only unsettled variation margin receivable (payable) is reported within the Statement of Assets and Liabilities.

The effects of derivative instruments on the Statement of Operations for the six months ended April 30, 2025 are as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Amount of Realized Gain (Loss) on Derivatives Recognized in Income** | **Amount of Realized Gain (Loss) on Derivatives Recognized in Income** | **Amount of Realized Gain (Loss) on Derivatives Recognized in Income** | **Amount of Realized Gain (Loss) on Derivatives Recognized in Income** | **Amount of Realized Gain (Loss) on Derivatives Recognized in Income** | **Amount of Realized Gain (Loss) on Derivatives Recognized in Income** |
| **Derivatives not accounted for as hedging**<br> **instruments, carried at fair value** | **Options<br>Purchased(1)** | **Options**<br> **Written**  | **Futures**  | **Forward<br>Currency<br>Exchange<br>Contracts** | **Swaps** |
|  Credit contracts | $— | $500 | $— | $— | $(3500) |
|  Foreign exchange contracts |  |  | 243229 | 850095 |  |
|  Interest rate contracts | 8398 | (687) | (125095) |  | (763900) |
|  **Total** | $8398 | $(187) | $118134 | $850095 | $(767400) |

---

(1) Included in net realized gain (loss) on investment transactions in the Statement of Operations.

---

| |
|:---|
| See Notes to Financial Statements. |
| 160 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income** | **Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income** | **Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income** | **Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income** | **Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income** | **Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income** |
| **Derivatives not accounted for**<br> **as hedging instruments,**<br> **carried at fair value** | **Options<br>Purchased(2)** | **Options<br>Written** | **Futures** | **Forward<br>Currency<br>Exchange<br>Contracts** | **Swaps** |
|  Credit contracts | $— | $— | $— | $— | $(19482) |
|  Foreign exchange contracts |  |  | (397647) | (1263793) |  |
|  Interest rate contracts | (497) | (2647) | 207805 |  | 764652 |
|  **Total** | $(497) | $(2647) | $(189842) | $(1263793) | $745170 |

---

(2) Included in net change in unrealized appreciation (depreciation) on investments in the Statement of Operations.

For the six months ended April 30, 2025, the Fund's average volume of derivative activities is as follows:

---

| | |
|:---|:---|
| **Derivative Contract Type** | **Average Volume of Derivative Activities\*** |
| &nbsp;&nbsp; Options Purchased (1) | $2012 |
| &nbsp;&nbsp; Options Written (2) | 10116423 |
| &nbsp;&nbsp; Futures Contracts - Long Positions (2) | 18997671 |
| &nbsp;&nbsp; Futures Contracts - Short Positions (2) | 29299775 |
| &nbsp;&nbsp; Forward Foreign Currency Exchange Contracts - Purchased (3) | 18313470 |
| &nbsp;&nbsp; Forward Foreign Currency Exchange Contracts - Sold (3) | 35435421 |
| &nbsp;&nbsp; Interest Rate Swap Agreements (2) | 87720596 |
| &nbsp;&nbsp; Credit Default Swap Agreements - Buy Protection (2) | 1330524 |
| &nbsp;&nbsp; Credit Default Swap Agreements - Sell Protection (2) | 8400704 |
| &nbsp;&nbsp; Total Return Swap Agreements (2) | 2781333 |

---

\* Average volume is based on average quarter end balances for the six months ended April 30, 2025.

(1) Cost.

(2) Notional Amount in USD.

(3) Value at Settlement Date.

#### Financial Instruments/Transactions—Summary of Offsetting and Netting Arrangements:
The Fund invested in OTC derivatives during the reporting period that are either offset in accordance with current requirements or are subject to enforceable master netting arrangements or similar agreements that permit offsetting. The information about offsetting and related netting arrangements for OTC derivatives where the legal right to set-off exists is presented in the summary below.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Gross Amounts of<br>Recognized<br>Assets(1)** | **Gross Amounts of<br>Recognized<br>Liabilities(1)** | **Net Amounts of<br>Recognized<br>Assets/(Liabilities)** | **Collateral<br>Pledged/(Received)(2)** | **Net Amount** |
|  BARC | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3866 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3670) | $196 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $196 |
|  BNP | 1633 | (2431) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(798) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(798) |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return (USD Hedged) Fund 161 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Gross Amounts of<br>Recognized Assets(1)** | **Gross Amounts of<br>Recognized Liabilities(1)** | **Net Amounts of<br>Recognized<br>Assets/(Liabilities)** | **Collateral<br>Pledged/(Received)(2)** | **Net Amount** |
|  BNY | $425 | $(140) | $285 | $— | $285 |
|  BOA | 4156 | (59362) | (55206) |  | (55206) |
|  CITI | 5555 | (33575) | (28020) |  | (28020) |
|  DB | 2916 | (2370) | 546 |  | 546 |
|  GSI | 3496 | (487) | 3009 |  | 3009 |
|  HSBC | 2916 | (32573) | (29657) |  | (29657) |
|  JPM | 55907 | (714692) | (658785) | 658785 |  |
|  MSI | 93410 | (1420) | 91990 |  | 91990 |
|  SCB | 32727 | (6451) | 26276 |  | 26276 |
|  SSB | 604 |  | 604 |  | 604 |
|  TD | 534 | (3904) | (3370) |  | (3370) |
|  | $208145 | $(861075) | $(652930) | $658785 | $5855 |

---

(1) Includes unrealized appreciation/(depreciation) on swaps and forwards, premiums paid/(received) on swap agreements and market value of purchased and written options, as represented on the Statement of Assets and Liabilities.

(2) Collateral amount disclosed by the Fund is limited to the market value of financial instruments/transactions and the Fund's OTC derivative exposure by counterparty.

---

| |
|:---|
| See Notes to Financial Statements. |
| 162 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Statement of Assets & Liabilities (unaudited)

as of April 30, 2025

---

| | |
|:---|:---|
| &nbsp;&nbsp; **Assets** |  |
| &nbsp;&nbsp; Investments at value: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated investments (cost $52,018,446) | $50564039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated investments (cost $3,293,858) | 3303664 |
| &nbsp;&nbsp; Cash | 12895 |
| &nbsp;&nbsp; Foreign currency, at value (cost $81,527) | 81684 |
| &nbsp;&nbsp; Dividends and interest receivable | 499610 |
| &nbsp;&nbsp; Unrealized appreciation on OTC swap agreements | 137814 |
| &nbsp;&nbsp; Unrealized appreciation on OTC forward foreign currency exchange contracts | 56207 |
| &nbsp;&nbsp; Receivable for Fund shares sold | 47204 |
| &nbsp;&nbsp; Receivable for investments sold | 20624 |
| &nbsp;&nbsp; Due from broker—variation margin swaps | 19638 |
| &nbsp;&nbsp; Premiums paid for OTC swap agreements | 7299 |
| &nbsp;&nbsp; Due from Manager | 6130 |
| &nbsp;&nbsp; Prepaid expenses and other assets | 18674 |
| &nbsp;&nbsp; **Total Assets** | 54775482 |
| &nbsp;&nbsp; **Liabilities** |  |
| &nbsp;&nbsp; Unrealized depreciation on OTC forward foreign currency exchange contracts | 784722 |
| &nbsp;&nbsp; Payable for investments purchased | 451472 |
| &nbsp;&nbsp; Payable for Fund shares purchased | 92784 |
| &nbsp;&nbsp; Accrued expenses and other liabilities | 68137 |
| &nbsp;&nbsp; Dividends payable | 61280 |
| &nbsp;&nbsp; Premiums received for OTC swap agreements | 41711 |
| &nbsp;&nbsp; Unrealized depreciation on OTC swap agreements | 27554 |
| &nbsp;&nbsp; Audit fee payable | 22736 |
| &nbsp;&nbsp; Options written outstanding, at value (premiums received $8,059) | 14563 |
| &nbsp;&nbsp; Due to broker—variation margin futures | 2458 |
| &nbsp;&nbsp; Directors' fees payable | 993 |
| &nbsp;&nbsp; Affiliated transfer agent fee payable | 901 |
| &nbsp;&nbsp; Distribution fee payable | 141 |
| &nbsp;&nbsp; **Total Liabilities** | 1569452 |
| &nbsp;&nbsp; **Net Assets** | $53206030 |
| &nbsp;&nbsp; Net assets were comprised of: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common stock, at par | $61492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Paid-in capital in excess of par | 62555466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total distributable earnings (loss) | (9410928) |
| &nbsp;&nbsp; **Net assets, April 30, 2025** | $53206030 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return (USD Hedged) Fund 163 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Statement of Assets & Liabilities (unaudited) (continued)

as of April 30, 2025

---

| | |
|:---|:---|
| &nbsp;&nbsp; **Class A** |  |
| &nbsp;&nbsp; Net asset value, offering price and redemption price per share,<br> ($497,301 ÷ 57,466 shares of common stock issued and outstanding) | $8.65 |
| &nbsp;&nbsp; Maximum sales charge (3.25% of offering price) | 0.29 |
| &nbsp;&nbsp; Maximum offering price to public | $8.94 |
| &nbsp;&nbsp; **Class C** |  |
| &nbsp;&nbsp; Net asset value, offering price and redemption price per share,<br> ($49,536 ÷ 5,728 shares of common stock issued and outstanding) | $8.65 |
| &nbsp;&nbsp; **Class Z** |  |
| &nbsp;&nbsp; Net asset value, offering price and redemption price per share,<br> ($26,204,221 ÷ 3,029,806 shares of common stock issued and outstanding) | $8.65 |
| &nbsp;&nbsp; **Class R6** |  |
| &nbsp;&nbsp; Net asset value, offering price and redemption price per share,<br> ($26,454,972 ÷ 3,056,174 shares of common stock issued and outstanding) | $8.66 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 164 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Statement of Operations (unaudited)

Six Months Ended April 30, 2025

---

| | |
|:---|:---|
| &nbsp;&nbsp; **Net Investment Income (Loss)** |  |
| &nbsp;&nbsp; Income |  |
| &nbsp;&nbsp; Interest income | $983516 |
| &nbsp;&nbsp; Affiliated dividend income | 78435 |
| &nbsp;&nbsp; Affiliated income from securities lending, net | 14 |
| &nbsp;&nbsp; **Total income** | 1061965 |
| &nbsp;&nbsp; Expenses |  |
| &nbsp;&nbsp; Management fee | 123002 |
| &nbsp;&nbsp; Distribution fee(a) | 929 |
| &nbsp;&nbsp; Commitment fees | 28121 |
| &nbsp;&nbsp; Custodian and accounting fees | 27242 |
| &nbsp;&nbsp; Audit fee | 23236 |
| &nbsp;&nbsp; Registration fees(a) | 22464 |
| &nbsp;&nbsp; Transfer agent's fees and expenses (including affiliated expense of $3,809)(a) | 20875 |
| &nbsp;&nbsp; Professional fees | 18633 |
| &nbsp;&nbsp; Shareholders' reports | 16416 |
| &nbsp;&nbsp; Directors' fees | 5163 |
| &nbsp;&nbsp; Insurance expense | 670 |
| &nbsp;&nbsp; Miscellaneous | 14864 |
| &nbsp;&nbsp; **Total expenses** | 301615 |
| &nbsp;&nbsp; Less: Fee waiver and/or expense reimbursement(a) | (152049) |
| &nbsp;&nbsp; **Net expenses** | 149566 |
| &nbsp;&nbsp; Net investment income (loss) | 912399 |
| &nbsp;&nbsp; **Realized And Unrealized Gain (Loss) On Investment And Foreign Currency Transactions** |  |
| &nbsp;&nbsp; Net realized gain (loss) on: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment transactions (including affiliated of $(10)) | (235136) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated net capital gain distributions received | 1055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures transactions | 118134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forward currency contract transactions | 850095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Options written transactions | (187) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Swap agreement transactions | (767400) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency transactions | (101674) |
|  | (135113) |
| &nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments (including affiliated of $(3677)) | 1465240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures | (189842) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forward currency contracts | (1263793) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Options written | (2647) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Swap agreements | 745170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currencies | 35411 |
|  | 789539 |
| &nbsp;&nbsp; Net gain (loss) on investment and foreign currency transactions | 654426 |
| &nbsp;&nbsp; **Net Increase (Decrease) In Net Assets Resulting From Operations** | $1566825 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return (USD Hedged) Fund 165 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Statement of Operations (unaudited) (continued)

Six Months Ended April 30, 2025

(a) Class specific expenses and waivers were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Class A** | **Class C** | **Class Z** | **Class R6** |
|  Distribution fee | 698 | 231 |  |  |
|  Registration fees | 4760 | 3472 | 7438 | 6794 |
|  Transfer agent's fees and expenses | 744 | 150 | 16152 | 3829 |
|  Fee waiver and/or expense reimbursement | (6668) | (3718) | (72004) | (69659) |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| 166 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Statements of Changes in Net Assets (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Six Months Ended<br>April 30, 2025** | **Year Ended<br>October 31, 2024** |
| &nbsp;&nbsp;&nbsp;&nbsp; **Increase (Decrease) in Net Assets** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; **Operations** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $912399 | $3664753 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investment and foreign currency transactions | (136168) | (4404807) |
| &nbsp;&nbsp;&nbsp;&nbsp; Affiliated net capital gain distributions received | 1055 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments and foreign currencies | 789539 | 13185950 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 1566825 | 12445896 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Dividends and Distributions** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions from distributable earnings |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Class A | (10703) | (14909) |
| &nbsp;&nbsp;&nbsp;&nbsp; Class C | (713) | (1074) |
| &nbsp;&nbsp;&nbsp;&nbsp; Class Z | (475935) | (475963) |
| &nbsp;&nbsp;&nbsp;&nbsp; Class R6 | (524341) | (2198164) |
|  | (1011692) | (2690110) |
| &nbsp;&nbsp;&nbsp;&nbsp; Tax return of capital distributions |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Class A |  | (5608) |
| &nbsp;&nbsp;&nbsp;&nbsp; Class C |  | (404) |
| &nbsp;&nbsp;&nbsp;&nbsp; Class Z |  | (179011) |
| &nbsp;&nbsp;&nbsp;&nbsp; Class R6 |  | (826738) |
|  |  | (1011761) |
| &nbsp;&nbsp;&nbsp;&nbsp; **Fund share transactions (Net of share conversions)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net proceeds from shares sold | 10525433 | 36048165 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net asset value of shares issued in reinvestment of dividends and distributions | 657611 | 3107979 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cost of shares purchased | (4742184) | (98883762) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from Fund share transactions | 6440860 | (59727618) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase (decrease) | 6995993 | (50983593) |
| &nbsp;&nbsp;&nbsp;&nbsp; **Net Assets:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period | 46210037 | 97193630 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of period | $53206030 | $46210037 |

---

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return (USD Hedged) Fund 167 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Financial Highlights (unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; **Class A Shares** |  |  |  |  |  |  |
|  | **Six Months<br>Ended<br>April 30,**<br> **2025** | **Year Ended October 31,** | **Year Ended October 31,** | **Year Ended October 31,** | **Year Ended October 31,** | **Year Ended October 31,** |
|  | **Six Months<br>Ended<br>April 30,**<br> **2025** | **2024** | **2023** | **2022** | **2021** | **2020** |
| &nbsp;&nbsp;&nbsp; **Per Share Operating Performance<sup>(a)</sup>:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **Net Asset Value, Beginning of Period** | $8.56 | $7.90 | $7.85 | $10.03 | $10.41 | $10.43 |
| &nbsp;&nbsp;&nbsp; **Income (loss) from investment operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 0.15 | 0.31 | 0.29 | 0.20 | 0.15 | 0.21 |
| &nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investment and foreign currency transactions | 0.10 | 0.66 | 0.16 | (2.03) | (0.27) | 0.30 |
| &nbsp;&nbsp;&nbsp;Total from investment operations | 0.25 | 0.97 | 0.45 | (1.83) | (0.12) | 0.51 |
| &nbsp;&nbsp;&nbsp; **Less Dividends and Distributions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dividends from net investment income | (0.16) | (0.22) | (0.37) | (0.35) | (0.26) | (0.28) |
| &nbsp;&nbsp;&nbsp; Tax return of capital distributions |  | (0.09) | (0.03) |  |  | (0.14) |
| &nbsp;&nbsp;&nbsp; Distributions from net realized gains |  |  |  |  |  | (0.11) |
| &nbsp;&nbsp;&nbsp; Total dividends and distributions | (0.16) | (0.31) | (0.40) | (0.35) | (0.26) | (0.53) |
| &nbsp;&nbsp;&nbsp; Net asset value, end of period | $8.65 | $8.56 | $7.90 | $7.85 | $10.03 | $10.41 |
| &nbsp;&nbsp;&nbsp; **Total Return<sup>(b)</sup>:** | 3.10% | 12.24% | 5.69% | (18.63)% | (1.22)% | 5.12% |
| &nbsp;&nbsp;&nbsp; **Ratios/Supplemental Data:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of period (000) | $497 | $593 | $469 | $465 | $841 | $729 |
| &nbsp;&nbsp;&nbsp; Average net assets (000) | $563 | $565 | $451 | $570 | $825 | $1716 |
| &nbsp;&nbsp;&nbsp; Ratios to average net assets<sup>(c)</sup>: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Expenses after waivers and/or expense reimbursement | 0.88 %<sup>(d)</sup> | 0.91 %<sup>(e)</sup> | 0.89 %<sup>(e)</sup> | 0.88% | 0.88% | 0.88% |
| &nbsp;&nbsp;&nbsp; Expenses before waivers and/or expense reimbursement | 3.27 %<sup>(d)</sup> | 3.05% | 2.76% | 3.10% | 2.96% | 2.30% |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 3.45 %<sup>(d)</sup> | 3.65% | 3.64% | 2.27% | 1.48% | 2.03% |
| &nbsp;&nbsp;&nbsp; Portfolio turnover rate<sup>(f)</sup> | 12% | 52% | 20% | 30% | 20% | 33% |

---

(a) Calculated based on average shares outstanding during the period.

(b) Total return does not consider the effects of sales loads. Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each period reported and includes reinvestment of dividends and distributions, if any. Total returns may reflect adjustments to conform to GAAP. Total returns for periods less than one full year are not annualized.

(c) Does not include expenses of the underlying funds in which the Fund invests.

(d) Annualized.

(e) Includes interest expense on borrowings from the Syndicated Credit Agreement of 0.03% for the year ended October 31, 2024 and interest expense on borrowings from the Syndicated Credit Agreement and certain non-recurring expenses of 0.01% for the year ended October 31, 2023 which are being excluded from the Fund's contractual waiver, if applicable.

(f) The Fund's portfolio turnover rate is calculated in accordance with regulatory requirements, without regard to transactions involving short-term investments, certain derivatives and in-kind transactions (if any). If such transactions were included, the Fund's portfolio turnover rate may be higher.

---

| |
|:---|
| See Notes to Financial Statements. |
| 168 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Financial Highlights (unaudited) (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; **Class C Shares** |  |  |  |  |  |  |
|  | **Six Months<br>Ended<br>April 30,**<br> **2025** | **Year Ended October 31,** | **Year Ended October 31,** | **Year Ended October 31,** | **Year Ended October 31,** | **Year Ended October 31,** |
|  | **Six Months<br>Ended<br>April 30,**<br> **2025** | **2024** | **2023** | **2022** | **2021** | **2020** |
| &nbsp;&nbsp;&nbsp; **Per Share Operating Performance<sup>(a)</sup>:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **Net Asset Value, Beginning of Period** | $8.55 | $7.89 | $7.85 | $10.03 | $10.41 | $10.43 |
| &nbsp;&nbsp;&nbsp; **Income (loss) from investment operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 0.11 <sup>(b)</sup> | 0.25 | 0.23 | 0.14 | 0.08 | 0.12 |
| &nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investment and foreign currency transactions | 0.12 <sup>(c)</sup> | 0.65 | 0.15 | (2.04) | (0.28) | 0.31 |
| &nbsp;&nbsp;&nbsp;Total from investment operations | 0.23 | 0.90 | 0.38 | (1.90) | (0.20) | 0.43 |
| &nbsp;&nbsp;&nbsp; **Less Dividends and Distributions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dividends from net investment income | (0.13) | (0.15) | (0.31) | (0.28) | (0.18) | (0.20) |
| &nbsp;&nbsp;&nbsp; Tax return of capital distributions |  | (0.09) | (0.03) |  |  | (0.14) |
| &nbsp;&nbsp;&nbsp; Distributions from net realized gains |  |  |  |  |  | (0.11) |
| &nbsp;&nbsp;&nbsp; Total dividends and distributions | (0.13) | (0.24) | (0.34) | (0.28) | (0.18) | (0.45) |
| &nbsp;&nbsp;&nbsp; Net asset value, end of period | $8.65 | $8.55 | $7.89 | $7.85 | $10.03 | $10.41 |
| &nbsp;&nbsp;&nbsp; **Total Return<sup>(d)</sup>:** | 2.72% | 11.54% | 4.77% | (19.24)% | (1.96)% | 4.32% |
| &nbsp;&nbsp;&nbsp; **Ratios/Supplemental Data:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of period (000) | $50 | $44 | $58 | $119 | $139 | $162 |
| &nbsp;&nbsp;&nbsp; Average net assets (000) | $47 | $50 | $59 | $166 | $150 | $85 |
| &nbsp;&nbsp;&nbsp; Ratios to average net assets<sup>(e)</sup>: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Expenses after waivers and/or expense reimbursement | 1.63 %<sup>(f)</sup> | 1.66 %<sup>(g)</sup> | 1.64 %<sup>(g)</sup> | 1.63% | 1.63% | 1.63% |
| &nbsp;&nbsp;&nbsp; Expenses before waivers and/or expense reimbursement | 17.70 %<sup>(f)</sup> | 17.38% | 12.14% | 7.58% | 10.05% | 15.56% |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 2.69 %<sup>(f)</sup> | 2.94% | 2.89% | 1.54% | 0.74% | 1.15% |
| &nbsp;&nbsp;&nbsp; Portfolio turnover rate<sup>(h)</sup> | 12% | 52% | 20% | 30% | 20% | 33% |

---

(a) Calculated based on average shares outstanding during the period.

(b) The per share amount of net investment income (loss) does not directly correlate to the amounts reported in the Statement of Operations due to class specific expenses.

(c) The per share amount of realized and unrealized gain (loss) on investments does not directly correlate to the amounts reported in the Statement of Operations due to the timing of portfolio share transactions in relation to fluctuating market values.

(d) Total return does not consider the effects of sales loads. Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each period reported and includes reinvestment of dividends and distributions, if any. Total returns may reflect adjustments to conform to GAAP. Total returns for periods less than one full year are not annualized.

(e) Does not include expenses of the underlying funds in which the Fund invests.

(f) Annualized.

(g) Includes interest expense on borrowings from the Syndicated Credit Agreement of 0.03% for the year ended October 31, 2024 and interest expense on borrowings from the Syndicated Credit Agreement and certain non-recurring expenses of 0.01% for the year ended October 31, 2023 which are being excluded from the Fund's contractual waiver, if applicable.

(h) The Fund's portfolio turnover rate is calculated in accordance with regulatory requirements, without regard to transactions involving short-term investments, certain derivatives and in-kind transactions (if any). If such transactions were included, the Fund's portfolio turnover rate may be higher.

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return (USD Hedged) Fund 169 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Financial Highlights (unaudited) (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; **Class Z Shares** |  |  |  |  |  |  |
|  | **Six Months<br>Ended<br>April 30,**<br> **2025** | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, |
|  | **Six Months<br>Ended<br>April 30,**<br> **2025** | **2024** | **2023** | **2022** | **2021** | **2020** |
| &nbsp;&nbsp;&nbsp; **Per Share Operating Performance<sup>(a)</sup>:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **Net Asset Value, Beginning of Period** | $8.55 | $7.89 | $7.85 | $10.03 | $10.41 | $10.43 |
| &nbsp;&nbsp;&nbsp; **Income (loss) from investment operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 0.16 | 0.33 | 0.31 | 0.23 | 0.17 | 0.22 |
| &nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investment and foreign currency transactions | 0.11 | 0.66 | 0.15 | (2.04) | (0.27) | 0.32 |
| &nbsp;&nbsp;&nbsp;Total from investment operations | 0.27 | 0.99 | 0.46 | (1.81) | (0.10) | 0.54 |
| &nbsp;&nbsp;&nbsp; **Less Dividends and Distributions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dividends from net investment income | (0.17) | (0.24) | (0.39) | (0.37) | (0.28) | (0.31) |
| &nbsp;&nbsp;&nbsp; Tax return of capital distributions |  | (0.09) | (0.03) |  |  | (0.14) |
| &nbsp;&nbsp;&nbsp; Distributions from net realized gains |  |  |  |  |  | (0.11) |
| &nbsp;&nbsp;&nbsp; Total dividends and distributions | (0.17) | (0.33) | (0.42) | (0.37) | (0.28) | (0.56) |
| &nbsp;&nbsp;&nbsp; Net asset value, end of period | $8.65 | $8.55 | $7.89 | $7.85 | $10.03 | $10.41 |
| &nbsp;&nbsp;&nbsp; **Total Return<sup>(b)</sup>:** | 3.23% | 12.66% | 5.82% | (18.42)% | (0.98)% | 5.37% |
| &nbsp;&nbsp;&nbsp; **Ratios/Supplemental Data:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of period (000) | $26204 | $21624 | $10693 | $5442 | $10982 | $8864 |
| &nbsp;&nbsp;&nbsp; Average net assets (000) | $23495 | $17134 | $6320 | $7255 | $17287 | $6563 |
| &nbsp;&nbsp;&nbsp; Ratios to average net assets<sup>(c)</sup>: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Expenses after waivers and/or expense reimbursement | 0.63 %<sup>(d)</sup> | 0.67 %<sup>(e)</sup> | 0.64 %<sup>(e)</sup> | 0.63% | 0.63% | 0.63% |
| &nbsp;&nbsp;&nbsp; Expenses before waivers and/or expense reimbursement | 1.25 %<sup>(d)</sup> | 1.10% | 1.03% | 1.12% | 1.09% | 1.56% |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 3.68 %<sup>(d)</sup> | 3.87% | 3.88% | 2.53% | 1.65% | 2.17% |
| &nbsp;&nbsp;&nbsp; Portfolio turnover rate<sup>(f)</sup> | 12% | 52% | 20% | 30% | 20% | 33% |

---

(a) Calculated based on average shares outstanding during the period.

(b) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each period reported and includes reinvestment of dividends and distributions, if any. Total returns may reflect adjustments to conform to GAAP. Total returns for periods less than one full year are not annualized.

(c) Does not include expenses of the underlying funds in which the Fund invests.

(d) Annualized.

(e) Includes interest expense on borrowings from the Syndicated Credit Agreement of 0.04% for the year ended October 31, 2024 and interest expense on borrowings from the Syndicated Credit Agreement and certain non-recurring expenses of 0.01% for the year ended October 31, 2023 which are being excluded from the Fund's contractual waiver, if applicable.

(f) The Fund's portfolio turnover rate is calculated in accordance with regulatory requirements, without regard to transactions involving short-term investments, certain derivatives and in-kind transactions (if any). If such transactions were included, the Fund's portfolio turnover rate may be higher.

---

| |
|:---|
| See Notes to Financial Statements. |
| 170 |

---

------

PGIM Global Total Return (USD Hedged) Fund

Financial Highlights (unaudited) (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; **Class R6 Shares** |  |  |  |  |  |  |
|  | **Six Months<br>Ended<br>April 30,**<br> **2025** | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, |
|  | **Six Months<br>Ended<br>April 30,**<br> **2025** | **2024** | **2023** | **2022** | **2021** | **2020** |
| &nbsp;&nbsp;&nbsp; **Per Share Operating Performance<sup>(a)</sup>:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **Net Asset Value, Beginning of Period** | $8.56 | $7.90 | $7.85 | $10.04 | $10.41 | $10.43 |
| &nbsp;&nbsp;&nbsp; **Income (loss) from investment operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 0.16 | 0.34 | 0.32 | 0.24 | 0.18 | 0.23 |
| &nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investment and foreign currency transactions | 0.12 | 0.65 | 0.15 | (2.06) | (0.26) | 0.31 |
| &nbsp;&nbsp;&nbsp;Total from investment operations | 0.28 | 0.99 | 0.47 | (1.82) | (0.08) | 0.54 |
| &nbsp;&nbsp;&nbsp; **Less Dividends and Distributions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dividends from net investment income | (0.18) | (0.24) | (0.39) | (0.37) | (0.29) | (0.31) |
| &nbsp;&nbsp;&nbsp; Tax return of capital distributions |  | (0.09) | (0.03) |  |  | (0.14) |
| &nbsp;&nbsp;&nbsp; Distributions from net realized gains |  |  |  |  |  | (0.11) |
| &nbsp;&nbsp;&nbsp; Total dividends and distributions | (0.18) | (0.33) | (0.42) | (0.37) | (0.29) | (0.56) |
| &nbsp;&nbsp;&nbsp; Net asset value, end of period | $8.66 | $8.56 | $7.90 | $7.85 | $10.04 | $10.41 |
| &nbsp;&nbsp;&nbsp; **Total Return<sup>(b)</sup>:** | 3.25% | 12.71% | 6.01% | (18.47)% | (0.82)% | 5.42% |
| &nbsp;&nbsp;&nbsp; **Ratios/Supplemental Data:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of period (000) | $26455 | $23949 | $85974 | $68712 | $62187 | $30314 |
| &nbsp;&nbsp;&nbsp; Average net assets (000) | $25504 | $73848 | $79863 | $73367 | $37302 | $29230 |
| &nbsp;&nbsp;&nbsp; Ratios to average net assets<sup>(c)</sup>: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Expenses after waivers and/or expense reimbursement | 0.58 %<sup>(d)</sup> | 0.60 %<sup>(e)</sup> | 0.59 %<sup>(e)</sup> | 0.58% | 0.58% | 0.58% |
| &nbsp;&nbsp;&nbsp; Expenses before waivers and/or expense reimbursement | 1.13 %<sup>(d)</sup> | 0.81% | 0.80% | 0.76% | 0.89% | 1.19% |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 3.74 %<sup>(d)</sup> | 4.04% | 3.95% | 2.69% | 1.74% | 2.25% |
| &nbsp;&nbsp;&nbsp; Portfolio turnover rate<sup>(f)</sup> | 12% | 52% | 20% | 30% | 20% | 33% |

---

(a) Calculated based on average shares outstanding during the period.

(b) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each period reported and includes reinvestment of dividends and distributions, if any. Total returns may reflect adjustments to conform to GAAP. Total returns for periods less than one full year are not annualized.

(c) Does not include expenses of the underlying funds in which the Fund invests.

(d) Annualized.

(e) Includes interest expense on borrowings from the Syndicated Credit Agreement of 0.02% for the year ended October 31, 2024 and interest expense on borrowings from the Syndicated Credit Agreement and certain non-recurring expenses of 0.01% for the year ended October 31, 2023 which are being excluded from the Fund's contractual waiver, if applicable.

(f) The Fund's portfolio turnover rate is calculated in accordance with regulatory requirements, without regard to transactions involving short-term investments, certain derivatives and in-kind transactions (if any). If such transactions were included, the Fund's portfolio turnover rate may be higher.

---

| |
|:---|
| See Notes to Financial Statements. |
| PGIM Global Total Return (USD Hedged) Fund 171 |

---

------

Notes to Financial Statements (unaudited)

**1.** **Organization** 

Prudential Global Total Return Fund, Inc. (the "Registered Investment Company" or "RIC") is registered under the Investment Company Act of 1940, as amended ("1940 Act"), as an open-end management investment company. The RIC is organized as a Maryland Corporation. These financial statements relate to the following series of the RIC: PGIM Global Total Return Fund and PGIM Global Total Return (USD Hedged) Fund (each, a "Fund" and collectively, the "Funds"). The Funds are classified as diversified funds for the purposes of the 1940 Act.

The Funds have the following investment objectives:

---

| | |
|:---|:---|
| **Fund** | **Investment Objective(s)** |
| &nbsp;&nbsp; PGIM Global Total Return Fund<br> ("Global Total Return") | To seek total return, made up of current income and capital appreciation |
| &nbsp;&nbsp; PGIM Global Total Return (USD Hedged) Fund<br> ("Global Total Return (USD Hedged)") | To seek total return, through a combination of current income and capital appreciation |

---

**2.** **Accounting Policies** 

The Funds follow the investment company accounting and reporting guidance of the Financial Accounting Standards Board ("FASB") Accounting Standard Codification ("ASC") Topic 946 Financial Services — *Investment Companies.* The following is a summary of significant accounting policies followed by the Funds in the preparation of their financial statements. The policies conform to U.S. generally accepted accounting principles ("GAAP"). The Funds consistently follow such policies in the preparation of their financial statements.

During the reporting period, the Funds adopted FASB Accounting Standards Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures ("ASU 2023-07"). Adoption of ASU 2023-07 exclusively impacted financial statement disclosures only and did not affect the Funds' financial position or performance. The intent of ASU 2023-07 is, through improved segment disclosures, to enable investors to better understand an entity's overall performance. PGIM Investments LLC ("PGIM Investments" or the "Manager") acts as each Fund's chief operating decision maker ("CODM"). The CODM has determined that each Fund has a single operating segment as the CODM monitors the operating results of each Fund as a whole and the Funds' long-term strategic asset allocation is pre-determined in accordance with the terms of their respective prospectus, based on a defined investment strategy which is executed by the Funds' subadviser.

------

The CODM allocates resources and assesses performance based on the operating results of each Fund, which is consistent with the results presented in the Fund's Schedule of Investments, Statement of Changes in Net Assets and Financial Highlights.

*Securities Valuation:* The Funds hold securities and other assets and liabilities that are fair valued as of the close of each day (generally, 4:00 PM Eastern time) the New York Stock Exchange ("NYSE") is open for trading. As described in further detail below, the Funds' investments are valued daily based on a number of factors, including the type of investment and whether market quotations are readily available. The RIC's Board of Directors (the "Board") has approved the Funds' valuation policies and procedures for security valuation and designated PGIM Investments as the "Valuation Designee," as defined by Rule 2a-5(b) under the 1940 Act, to perform the fair value determination relating to all Funds investments. Pursuant to the Board's oversight, the Valuation Designee has established a Valuation Committee to perform the duties and responsibilities of the Valuation Designee under Rule 2a-5. The valuation procedures permit the Funds to utilize independent pricing vendor services, quotations from market makers, and alternative valuation methods when market quotations are either not readily available or not deemed representative of fair value. Fair value is the estimated price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date.

For the fiscal reporting period-end, securities and other assets and liabilities were fair valued at the close of the last U.S. business day. Trading in certain foreign securities may occur when the NYSE is closed (including weekends and holidays). Because such foreign securities trade in markets that are open on weekends and U.S. holidays, the values of some of the Funds' foreign investments may change on days when investors cannot purchase or redeem Fund shares.

Various inputs determine how the Funds' investments are valued, all of which are categorized according to the three broad levels (Level 1, 2, or 3) detailed in the Schedule of Investments and referred to herein as the "fair value hierarchy" in accordance with FASB ASC Topic 820 Fair Value Measurement.

Common or preferred stocks, exchange-traded funds ("ETFs") and derivative instruments, if applicable, that are traded on a national securities exchange are valued at the last sale price as of the close of trading on the applicable exchange where the security principally trades. Securities traded via Nasdaq are valued at the Nasdaq official closing price. To the extent these securities are valued at the last sale price or Nasdaq official closing price, they are classified as Level 1 in the fair value hierarchy. In the event that no sale or official closing price on a valuation date exists, these securities are generally valued at the mean between the last reported bid and ask prices, or at the last bid price in the absence of an ask price. These securities are classified as Level 2 in the fair value hierarchy.

Investments in open-end funds (other than ETFs) are valued at their net asset values as of the close of the NYSE on the date of valuation. These securities are classified as Level 1 in

------

Notes to Financial Statements (unaudited) (continued)

the fair value hierarchy since they may be purchased or sold at their net asset values on the date of valuation.

Fixed income securities traded in the OTC market are generally classified as Level 2 in the fair value hierarchy. Such fixed income securities are typically valued using the market approach which generally involves obtaining data from an approved independent third-party vendor source. The Funds utilize the market approach as the primary method to value securities when market prices of identical or comparable instruments are available. The third-party vendors' valuation techniques used to derive the evaluated bid price are based on evaluating observable inputs, including but not limited to, yield curves, yield spreads, credit ratings, deal terms, tranche level attributes, default rates, cash flows, prepayment speeds, broker/dealer quotations and reported trades. Certain Level 3 securities are also valued using the market approach when obtaining a single broker quote or when utilizing transaction prices for identical securities that have been used in excess of five business days. During the reporting period, there were no changes to report with respect to the valuation approach and/or valuation techniques discussed above.

Floating rate and other loans are generally valued at prices provided by approved independent pricing vendors. The pricing vendors utilize broker/dealer quotations and provide prices based on the average of such quotations. Floating rate and other loans valued using such vendor prices are generally classified as Level 2 in the fair value hierarchy. Floating rate and other loans valued based on a single broker quote or at the original transaction price in excess of five business days are classified as Level 3 in the fair value hierarchy.

OTC and centrally cleared derivative instruments are generally classified as Level 2 in the fair value hierarchy. Such derivative instruments are typically valued using the market approach and/or income approach which generally involves obtaining data from an approved independent third-party vendor source. The Funds utilize the market approach when quoted prices in broker-dealer markets are available but also include consideration of alternative valuation approaches, including the income approach. In the absence of reliable market quotations, the income approach is typically utilized for purposes of valuing derivatives such as interest rate swaps based on a discounted cash flow analysis whereby the value of the instrument is equal to the present value of its future cash inflows or outflows. Such analysis includes projecting future cash flows and determining the discount rate (including the present value factors that affect the discount rate) used to discount the future cash flows. In addition, the third-party vendors' valuation techniques used to derive the evaluated derivative price is based on evaluating observable inputs, including but not limited to, underlying asset prices, indices, spreads, interest rates and exchange rates. Certain derivatives may be classified as Level 3 when valued using the market approach by obtaining a single broker quote or when utilizing unobservable inputs in the income

------

approach. During the reporting period, there were no changes to report with respect to the valuation approach and/or valuation techniques discussed above.

Securities and other assets that cannot be priced according to the methods described above are valued based on policies and procedures approved by the Board. In the event that unobservable inputs are used when determining such valuations, the securities will be classified as Level 3 in the fair value hierarchy. Altering one or more unobservable inputs may result in a significant change to a Level 3 security's fair value measurement.

When determining the fair value of securities, some of the factors influencing the valuation include: the nature of any restrictions on disposition of the securities; assessment of the general liquidity of the securities; the issuer's financial condition and the markets in which it does business; the cost of the investment; the size of the holding and the capitalization of the issuer; the prices of any recent transactions or bids/offers for such securities or any comparable securities; and any available analyst media or other reports or information deemed reliable by the Valuation Designee regarding the issuer or the markets or industry in which it operates. Using fair value to price securities may result in a value that is different from a security's most recent closing price and from the price used by other unaffiliated mutual funds to calculate their net asset values.

*Foreign Currency Translation:* The books and records of the Funds are maintained in U.S. dollars. Foreign currency amounts are translated into U.S. dollars on the following basis:

(i) market value of investment securities, other assets and liabilities — at the exchange rate as of the valuation date;

(ii) purchases and sales of investment securities, income and expenses — at the rates of exchange prevailing on the respective dates of such transactions.

Although the net assets of the Funds are presented at the foreign exchange rates and market values at the close of the period, the Funds do not generally isolate that portion of the results of operations arising as a result of changes in the foreign exchange rates from the fluctuations arising from changes in the market prices of long-term portfolio securities held at the end of the period. Similarly, the Funds do not isolate the effect of changes in foreign exchange rates from the fluctuations arising from changes in the market prices of long-term portfolio securities sold during the period. Accordingly, holding period unrealized and realized foreign currency gains (losses) are included in the reported net change in unrealized appreciation (depreciation) on investments and net realized gains (losses) on investment transactions on the Statements of Operations. Notwithstanding the above, the Funds do isolate the effect of fluctuations in foreign currency exchange rates when determining the gain (loss) upon the sale or maturity of foreign currency denominated debt obligations; such amounts are included in net realized gains (losses) on foreign currency transactions.

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Notes to Financial Statements (unaudited) (continued)

Additionally, net realized gains (losses) on foreign currency transactions represent net foreign exchange gains (losses) from the disposition of holdings of foreign currencies, currency gains (losses) realized between the trade and settlement dates on investment transactions, and the difference between the amounts of interest, dividends and foreign withholding taxes recorded on the Funds' books and the U.S. dollar equivalent amounts actually received or paid. Net unrealized currency gains (losses) arise from valuing foreign currency denominated assets and liabilities (other than investments) at period end exchange rates.

*Forward and Cross Currency Contracts:* A forward currency contract is a commitment to purchase or sell a foreign currency at a future date at a negotiated forward rate. The Funds entered into forward currency contracts, as defined in the prospectus, in order to hedge their exposure to changes in foreign currency exchange rates on their foreign portfolio holdings or on specific receivables and payables denominated in a foreign currency and to gain exposure to certain currencies. The contracts are valued daily at current forward exchange rates and any unrealized gain (loss) is included in net unrealized appreciation or depreciation on forward and cross currency contracts. Gain (loss) is realized on the settlement date of the contract equal to the difference between the settlement value of the original and negotiated forward contracts. This gain (loss), if any, is included in net realized gain (loss) on forward and cross currency contract transactions. Risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of their contracts. Forward currency contracts involve risks from currency exchange rate and credit risk in excess of the amounts reflected on the Statement of Assets and Liabilities. The Funds' maximum risk of loss from counterparty credit risk is the net value of the cash flows to be received from the counterparty at the end of the contract's life. A cross currency contract is a forward contract where a specified amount of one foreign currency will be exchanged for a specified amount of another foreign currency.

*Options:* The Funds may purchase and/or write options in order to hedge against adverse market movements or fluctuations in value caused by changes in prevailing interest rates, value of equities or foreign currency exchange rates with respect to securities or financial instruments which the Funds currently own or intend to purchase. The Funds may also use options to gain additional market exposure. The Funds' principal reason for writing options is to realize, through receipt of premiums, a greater current return than would be realized on the underlying security alone. When the Funds purchase an option, they pay a premium and an amount equal to that premium is recorded as an asset. When the Funds write an option, they receive a premium and an amount equal to that premium is recorded as a liability. The asset or liability is adjusted daily to reflect the current market value of the option. If an option expires unexercised, the Funds realize a gain (loss) to the extent of the premium received or paid. If an option is exercised, the premium received or paid is recorded as an adjustment to the proceeds from the sale or the cost of the purchase in

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determining whether the Funds have realized a gain (loss). The difference between the premium and the amount received or paid at the closing of a purchase or sale transaction is also treated as a realized gain (loss). Gain (loss) on purchased options is included in net realized gain (loss) on investment transactions. Gain (loss) on written options is presented separately as net realized gain (loss) on options written transactions.

The Funds, as writer of an option, may have no control over whether the underlying securities or financial instruments may be sold (called) or purchased (put). As a result, the Funds bear the market risk of an unfavorable change in the price of the security or financial instrument underlying the written option. The Funds, as purchaser of an OTC option, bear the risk of the potential inability of the counterparties to meet the terms of their contracts. With exchange-traded options contracts, there is minimal counterparty credit risk to the Funds since the exchanges' clearinghouse acts as counterparty to all exchange-traded options and guarantees the options contracts against default.

When the Funds write an option on a swap, an amount equal to any premium received by the Funds is recorded as a liability and is subsequently adjusted to the current market value of the written option on the swap. If a call option on a swap is exercised, the Funds become obligated to pay a fixed interest rate (noted as the strike price) and receive a variable interest rate on a notional amount. If a put option on a swap is exercised, the Funds become obligated to pay a variable interest rate and receive a fixed interest rate (noted as the strike price) on a notional amount. Premiums received from writing options on swaps that expire or are exercised are treated as realized gains upon the expiration or exercise of such options on swaps. The risk associated with writing put and call options on swaps is that the Funds will be obligated to be party to a swap agreement if an option on a swap is exercised.

*Financial Futures Contracts:* A financial futures contract is an agreement to purchase (long) or sell (short) an agreed amount of securities at a set price for delivery on a future date. Upon entering into a financial futures contract, the Funds are required to deposit collateral with a futures commission merchant an amount of cash and/or other assets equal to a certain percentage of the contract amount. This amount is known as the "initial margin." Subsequent payments, known as "variation margin," are made or received by the Funds each day, equal to the change in the mark-to-market value of the futures contract. Such variation margin is recorded for financial statement purposes on a daily basis as unrealized gain (loss). When the contract expires or is closed, the gain (loss) is realized and is presented in the Statement of Operations as net realized gain (loss) on futures transactions.

The Funds invested in financial futures contracts in order to hedge their existing portfolio securities, or securities the Funds intend to purchase, against fluctuations in value caused by changes in prevailing interest rates. Should interest rates move unexpectedly, the Funds may not achieve the anticipated benefits of the financial futures contracts and may realize a loss. The use of futures transactions involves the risk of imperfect correlation in movements in the price of futures contracts, interest rates and the underlying hedged assets. Since futures contracts are exchange-traded, there is minimal counterparty credit risk to the

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Notes to Financial Statements (unaudited) (continued)

Funds since the exchanges' clearinghouse acts as counterparty to all exchange-traded futures and guarantees the futures contracts against default.

*Swap Agreements:* The Funds entered into certain types of swap agreements detailed in the disclosures below. A swap agreement is an agreement to exchange the return generated by one instrument for the return generated by another instrument. Swap agreements are negotiated in the OTC market and may be executed either directly with a counterparty ("OTC-traded") or through a central clearing facility, such as a registered exchange. Swap agreements are valued daily at current market value and any change in value is included in the net unrealized appreciation or depreciation on swap agreements. Centrally cleared swaps pay or receive an amount known as "variation margin", based on daily changes in the valuation of the swap contract. For OTC-traded, upfront premiums paid and received are shown as swap premiums paid and swap premiums received in the Statement of Assets and Liabilities. Risk of loss may exceed amounts recognized on the Statement of Assets and Liabilities. Swap agreements outstanding at period end, if any, are listed on the Schedule of Investments.

*Interest Rate Swaps:* Interest rate swaps represent an agreement between counterparties to exchange cash flows based on the difference between two interest rates, applied to a notional principal amount for a specified period. The Funds are subject to interest rate risk exposure in the normal course of pursuing their investment objective. The Funds used interest rate swaps to maintain their ability to generate steady cash flow by receiving a stream of fixed rate payments or to increase exposure to prevailing market rates by receiving floating rate payments. The Funds' maximum risk of loss from counterparty credit risk is the discounted net present value of the cash flows to be received from the counterparty over the contract's remaining life.

*Credit Default Swaps ("CDS"):* CDS involve one party (the protection buyer) making a stream of payments to another party (the protection seller) in exchange for the right to receive a specified payment in the event of a default or as a result of a default (collectively, a "credit event") for the referenced entity (typically corporate issues or sovereign issues of an emerging country) on its obligation; or in the event of a write-down, principal shortfall, interest shortfall or default of all or part of the referenced entities comprising a credit index.

The Funds are subject to credit risk in the normal course of pursuing their investment objectives, and as such, have entered into CDS contracts 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" because the higher the contract value rises, the more the credit deteriorates. The value of the CDS contract

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increases for the protection buyer if the spread increases. The Funds' maximum risk of loss from counterparty credit risk for purchased CDS is the inability of the counterparty to honor the contract up to the notional value due to a credit event.

As a seller of protection on credit default swap agreements, the Funds generally receive an agreed upon payment from the buyer of protection throughout the term of the swap, provided no credit event occurs. As the seller, the Funds effectively increase their investment risk because, in addition to their total net assets, the Funds may be subject to investment exposure on the notional amount of the swap.

The maximum amount of the payment that the Funds, as a seller of protection, could be required to make under a credit default swap agreement would be equal to the notional amount of the underlying security or index contract as a result of a credit event. This potential amount will be partially offset by any recovery values of the respective referenced obligations or net amounts received from the settlement of buy protection credit default swap agreements which the Funds entered into for the same referenced entity or index. As a buyer of protection, the Funds generally receive an amount up to the notional value of the swap if a credit event occurs.

Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements where the Funds are the seller of protection as of period end are disclosed in the footnotes to the Schedule of Investments, if applicable. These spreads serve as indicators of the current status of the payment/performance risk and represent the likelihood of default risk for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to enter into the agreement. Wider credit spreads and increased market value in absolute terms, when compared to the notional amount of the swap, 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.

*Currency Swaps:* The Funds may enter into currency swap agreements primarily to gain yield exposure on foreign bonds. Currency swap agreements involve two parties exchanging two different currencies with an agreement to reverse the exchange at a later date at specified exchange rates.

*Total Return Swaps:* In a total return swap, one party receives payments based on the market value of the security or the commodity involved, or total return of a specific referenced asset, such as an equity, index or bond, and in return pays a defined amount. The Funds are subject to risk exposures associated with the referenced asset in the normal course of pursuing their investment objectives. The Funds entered into total return swaps to manage their exposure to a security or an index. The Funds' maximum risk of loss from counterparty credit risk is the change in the value of the security, in the Funds' favor, from the point of entering into the contract.

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Notes to Financial Statements (unaudited) (continued)

*Floating Rate and Other Loans:* The Funds invested in floating rate and other loans. Floating rate and other loans include loans that are privately negotiated between a corporate borrower and one or more financial institutions, including, but not limited to, term loans, revolvers, and other instruments issued in the floating rate and other loans market. The Funds acquire interests in loans directly (by way of assignment from the selling institution) and/or indirectly (by way of the purchase of a participation interest from the selling institution). Under a floating rate and other loans assignment, the Funds generally will succeed to all the rights and obligations of an assigning lending institution and become a lender under the loan agreement with the relevant borrower in connection with that loan. Under a floating rate and other loans participation, the Funds generally will have a contractual relationship only with the lender, not with the relevant borrower. As a result, the Funds generally will have the right to receive payments of principal, interest, and any fees to which they are entitled only from the lender selling the participation and only upon receipt by the lender of the payments from the relevant borrower. The Funds may not directly benefit from the collateral supporting the debt obligation in which they have purchased the participation. As a result, the Funds will assume the credit risk of both the borrower and the institution selling the participation to the Funds.

*Mortgage-Backed and Asset-Backed Securities:* Mortgage-backed securities are pass-through securities, meaning that principal and interest payments made by the borrower on the underlying mortgages are passed through to the Funds. Asset-backed securities directly or indirectly represent a participation interest in, or are secured by and payable from, a stream of payments generated by particular assets such as motor vehicle or credit card receivables. Asset-backed securities may be classified as pass-through certificates or collateralized obligations, such as collateralized bond obligations, collateralized loan obligations and other similarly structured securities. The value of mortgage-backed and asset-backed securities varies with changes in interest rates and may be affected by changes in credit quality or value of the mortgage loans or other assets that support the securities.

Stripped mortgage-backed securities are usually structured with two classes that receive different proportions of the interest ("IO") and principal ("PO") distributions on a pool of mortgage assets. Payments received for IOs are included in interest income on the Statements of Operations. Because no principal will be received at the maturity of an IO, adjustments are made to the cost of the security on a monthly basis until maturity. These adjustments are included in interest income on the Statements of Operations. Payments received for POs are treated as reductions to the cost and par value of the securities.

*Master Netting Arrangements:* The RIC, on behalf of each Fund, is subject to various Master Agreements, or netting arrangements, with select counterparties. These are agreements which a subadviser may have negotiated and entered into on behalf of all or a portion of

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each Fund. A master netting arrangement between each Fund and the counterparty permits each Fund to offset amounts payable by each Fund to the same counterparty against amounts to be received and by the receipt of collateral from the counterparty by each Fund to cover each Fund's exposure to the counterparty. However, there is no assurance that such mitigating factors are easily enforceable. In addition to master netting arrangements, the right to set-off exists when all the conditions are met such that each of the parties owes the other determinable amounts, the reporting party has the right to set-off the amount owed with the amount owed by the other party, the reporting party intends to set-off and the right of set-off is enforceable by law.

The RIC, on behalf of each Fund, is a party to International Swaps and Derivatives Association, Inc. ("ISDA") Master Agreements with certain counterparties that govern OTC derivative and foreign exchange contracts entered into from time to time. The Master Agreements may contain provisions regarding, among other things, the parties' general obligations, representations, agreements, collateral requirements, events of default and early termination. With respect to certain counterparties, in accordance with the terms of the Master Agreements, collateral posted to each Fund is held in a segregated account by each Fund's custodian and with respect to those amounts which can be sold or re-pledged, is presented in the Schedule of Investments. Collateral pledged by each Fund is segregated by each Fund's custodian and identified in the Schedule of Investments. Collateral can be in the form of cash or debt securities issued by the U.S. Government or related agencies or other securities as agreed to by each Fund and the applicable counterparty. Collateral requirements are determined based on each Fund's net position with each counterparty. Termination events applicable to each Fund may occur upon a decline in each Fund's net assets below a specified threshold over a certain period of time. Termination events applicable to counterparties may occur upon a decline in the counterparty's long-term and short-term credit ratings below a specified level. In each case, upon occurrence, the other party may elect to terminate early and cause settlement of all derivative and foreign exchange contracts outstanding, including the payment of any losses and costs resulting from such early termination, as reasonably determined by the terminating party. Any decision by one or more of each Fund's counterparties to elect early termination could impact each Fund's future derivative activity.

In addition to each instrument's primary underlying risk exposure (e.g. interest rate, credit, equity or foreign exchange, etc.), swap agreements involve, to varying degrees, elements of credit, market and documentation risk. Such risks involve the possibility that no liquid market for these agreements will exist, the counterparty to the agreement may default on its obligation to perform or disagree on the contractual terms of the agreement, and changes in net interest rates will be unfavorable. In connection with these agreements, securities in the portfolio may be identified or received as collateral from the counterparty in accordance with the terms of the respective swap agreements to provide or receive assets of value and to serve as recourse in the event of default or bankruptcy/insolvency of either party. Such OTC derivative agreements include conditions which, when materialized, give the counterparty the right to cause an early termination of the transactions under those agreements. Any

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Notes to Financial Statements (unaudited) (continued)

election by the counterparty for early termination of the contract(s) may impact the amounts reported on financial statements.

Short sales and OTC contracts, including forward foreign currency exchange contracts, swaps, forward rate agreements and written options involve elements of both market and credit risk in excess of the amounts reflected on the Statement of Assets and Liabilities, if applicable. Such risks may be mitigated by engaging in master netting arrangements.

*Warrants:* The Funds may hold warrants acquired either through a direct purchase or pursuant to corporate actions. Warrants entitle the holder to buy a proportionate amount of common stock, or such other security that the issuer may specify, at a specific price and time through the expiration dates. Such warrants are held as long positions by the Funds until exercised, sold or expired. Warrants are valued at fair value in accordance with the Board approved fair valuation procedures.

*Payment-In-Kind:* The Funds invested in the open market or received pursuant to debt restructuring securities that pay-in-kind ("PIK") the interest due on such debt instruments. The PIK interest, computed at the contractual rate specified, is added to the existing principal balance of the debt when issued bonds have the same terms as the bond or recorded as a separate bond when terms are different from the existing debt, and is recorded as interest income.

*Securities Lending:* The Funds may lend their portfolio securities to banks and broker-dealers. The loans are secured by collateral at least equal to the market value of the securities loaned. Collateral pledged by each borrower is invested in an affiliated money market fund and is marked to market daily, based on the previous day's market value, such that the value of the collateral exceeds the value of the loaned securities. In the event of significant appreciation in value of the securities on loan on the last business day of the reporting period, the financial statements may reflect a collateral value that is less than the market value of the loaned securities. Such shortfall is remedied as described above. Loans are subject to termination at the option of the borrower or the Fund. Upon termination of the loan, the borrower will return to the Fund securities identical to the loaned securities. The remaining open loans of the securities lending transactions are considered overnight and continuous. Should the borrower of the securities fail financially, the Fund has the right to repurchase the securities in the open market using the collateral.

The Funds recognize income, net of any rebate and securities lending agent fees, for lending their securities in the form of fees or interest on the investment of any cash received as collateral. The borrower receives all interest and dividends from the securities loaned and such payments are passed back to the lender in amounts equivalent thereto, which are reflected in interest income or unaffiliated dividend income based on the nature of the

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payment on the Statement of Operations. The Funds also continue to recognize any unrealized gain (loss) in the market price of the securities loaned and on the change in the value of the collateral invested that may occur during the term of the loan. In addition, realized gain (loss) is recognized on changes in the value of the collateral invested upon liquidation of the collateral. Net earnings from securities lending are disclosed in the Statement of Operations.

*Securities Transactions and Net Investment Income:* Securities transactions are recorded on the trade date. Realized gains (losses) from investment and currency transactions are calculated on the specific identification method. Dividend income is recorded on the ex-date, or for certain foreign securities, when the Funds become aware of such dividends. Interest income, including amortization of premium and accretion of discount on debt securities, as required, is recorded on the accrual basis. Expenses are recorded on an accrual basis, which may require the use of certain estimates by management that may differ from actual expense amounts. Net investment income or loss (other than class specific expenses and waivers, which are allocated as noted below) and unrealized and realized gains (losses) are allocated daily to each class of shares based upon the relative proportion of adjusted net assets of each class at the beginning of the day. Class specific expenses and waivers, where applicable, are charged to the respective share classes. Such class specific expenses and waivers include distribution fees and distribution fee waivers, shareholder servicing fees, transfer agent's fees and expenses, registration fees and fee waivers and/or expense reimbursements, as applicable.

*Taxes:* It is each Fund's policy to continue to meet the requirements of the Internal Revenue Code applicable to regulated investment companies and to distribute all of its taxable net investment income and capital gains, if any, to its shareholders. Therefore, no federal income tax provision is required. Withholding taxes on foreign dividends, interest and capital gains, if any, are recorded, net of reclaimable amounts, at the time the related income is earned.

*Dividends and Distributions:* Dividends and distributions to shareholders, which are determined in accordance with federal income tax regulations and which may differ from GAAP, are recorded on the ex-date. Permanent book/tax differences relating to income and gain (loss) are reclassified between total distributable earnings (loss) and paid-in capital in excess of par, as appropriate. The chart below sets forth the expected frequency of dividend and capital gains distributions to shareholders. Various factors may impact the frequency of dividend distributions to shareholders, including but not limited to adverse market conditions or portfolio holding-specific events.

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| | | |
|:---|:---|:---|
| **Expected Distribution Schedule to Shareholders\*** | **Frequency** | **Frequency** |
| &nbsp;&nbsp; Net Investment Income |  | Monthly |
| &nbsp;&nbsp; Short-Term Capital Gains |  | Annually |
| &nbsp;&nbsp; Long-Term Capital Gains |  | Annually |

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\* Under certain circumstances, each Fund may make more than one distribution of short-term and/or long-term capital gains during a fiscal year.

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Notes to Financial Statements (unaudited) (continued)

*Estimates:* The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts and disclosures in the financial statements. Actual results could differ from those estimates.

**3.** **Agreements** 

The RIC, on behalf of each Fund, has entered into management agreements with the Manager pursuant to which it has responsibility for all investment advisory services, including supervision of each subadviser's performance of such services, and for rendering administrative services with respect to each Fund.

The Manager has entered into subadvisory agreements with PGIM, Inc., which provides subadvisory services to each Fund through its business unit PGIM Fixed Income, and (with respect to Global Total Return) PGIM Limited (collectively the "subadviser"). With respect to Global Total Return (USD Hedged), PGIM, Inc. has entered into a sub-subadvisory agreement with PGIM Limited. The Manager pays for the services of the subadviser.

Fees payable under the management agreement are computed daily and paid monthly. For the reporting period ended April 30, 2025, the contractual and effective management fee rates were as follows:

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| | | |
|:---|:---|:---|
| **Fund** | **Management Fee** | **Effective**<br> **Management Fee,**<br> **before any waiver**<br> **and/or expense**<br> **reimbursements** |
| &nbsp;&nbsp; Global Total Return | 0.50% on average daily net assets up<br>to $2 billion;<br> 0.485% of average daily net assets<br>over $2 billion. | 0.50% |
| &nbsp;&nbsp; Global Total Return (USD Hedged) | 0.50% on average daily net assets up<br>to $2 billion;<br> 0.485% of average daily net assets<br>over $2 billion. | 0.50 |

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The Manager has contractually agreed, through February 28, 2026, to limit total annual operating expenses after fee waivers and/or expense reimbursements. This contractual waiver excludes interest, brokerage, taxes (such as income and foreign withholding taxes, stamp duty and deferred tax expenses), acquired fund fees and expenses, extraordinary expenses, and certain other Fund expenses such as dividend and interest expense and broker charges on short sales.

Where applicable, the Manager agrees to waive management fees or shared operating expenses on any share class to the same extent that it waives such expenses on any other share class. In addition, total annual operating expenses for Class R6 shares will not exceed

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total annual operating expenses for Class Z shares. Fees and/or expenses waived and/or reimbursed by the Manager for the purpose of preventing the expenses from exceeding a certain expense ratio limit may be recouped by the Manager within the same fiscal year during which such waiver and/or reimbursement is made if such recoupment can be realized without exceeding the expense limit in effect at the time of the waiver/reimbursement and/or recoupment for that fiscal year, as applicable. The expense limitations attributable to each class are as follows:

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| | |
|:---|:---|
| **Fund** | **Class Expense** <br> **Limitation**  |
| &nbsp;&nbsp; Global Total Return - Class A | 0.88% |
| &nbsp;&nbsp; Global Total Return - Class C | 1.63 |
| &nbsp;&nbsp; Global Total Return - Class Z | 0.63 |
| &nbsp;&nbsp; Global Total Return - Class R2 | 1.08 |
| &nbsp;&nbsp; Global Total Return - Class R4 | 0.83 |
| &nbsp;&nbsp; Global Total Return - Class R6 | 0.58 |
| &nbsp;&nbsp; Global Total Return (USD Hedged) - Class A | 0.88 |
| &nbsp;&nbsp; Global Total Return (USD Hedged) - Class C | 1.63 |
| &nbsp;&nbsp; Global Total Return (USD Hedged) - Class Z | 0.63 |
| &nbsp;&nbsp; Global Total Return (USD Hedged) - Class R6 | 0.58 |

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Separately, the Manager has contractually agreed that to the extent the Funds invest in an ETF advised by PGIM Investments ("PGIM ETF"), the Manager will waive any management fees it receives from the Funds in an amount equal to the unitary management fee received by PGIM Investments from the PGIM ETF attributable to the Funds' investment in such PGIM ETF. This waiver will be effective at any time the Funds are invested in the PGIM ETF and will remain in effect for so long as the Funds are invested in the PGIM ETF, unless earlier terminated by agreement of the Board of the Funds.

The RIC, on behalf of each Fund, has distribution agreements with Prudential Investment Management Services LLC ("PIMS"), which acts as the distributor of the Class A, Class C, Class Z, Class R2, Class R4 and Class R6 shares of each Fund, as applicable. Each Fund compensates PIMS for distributing and servicing each Fund's Class A, Class C and Class R2 shares, as applicable, pursuant to the plans of distribution (the "Distribution Plans"), regardless of expenses actually incurred by PIMS.

Pursuant to the Distribution Plans, each Fund compensates PIMS for distribution related activities at an annual rate based on average daily net assets per class. The distribution fees are accrued daily and payable monthly.

Global Total Return has adopted a Shareholder Services Plan with respect to Class R2 and Class R4 shares. Under the terms of the Shareholder Services Plan, Class R2 and Class R4 shares are authorized to compensate Prudential Mutual Fund Services LLC ("PMFS"), its affiliates or third-party service providers for services rendered to the shareholders of such Class R2 or Class R4 shares. The shareholder service fee is accrued daily and paid monthly, as applicable.

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Notes to Financial Statements (unaudited) (continued)

Each Fund's annual gross and net distribution rates and maximum shareholder service fee, where applicable, are as follows:

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| | | | |
|:---|:---|:---|:---|
| **Fund** | **Gross Distribution Fee** | **Net Distribution Fee** | **Shareholder Service Fee** |
| &nbsp;&nbsp; Global Total Return - Class A | 0.25% | 0.25% | N/A% |
| &nbsp;&nbsp; Global Total Return - Class C | 1.00 | 1.00 | N/A |
| &nbsp;&nbsp; Global Total Return - Class Z | N/A | N/A | N/A |
| &nbsp;&nbsp; Global Total Return - Class R2 | 0.25 | 0.25 | 0.10 |
| &nbsp;&nbsp; Global Total Return - Class R4 | N/A | N/A | 0.10 |
| &nbsp;&nbsp; Global Total Return - Class R6 | N/A | N/A | N/A |
| &nbsp;&nbsp; Global Total Return (USD Hedged) - Class A | 0.25 | 0.25 | N/A |
| &nbsp;&nbsp; Global Total Return (USD Hedged) - Class C | 1.00 | 1.00 | N/A |
| &nbsp;&nbsp; Global Total Return (USD Hedged) - Class Z | N/A | N/A | N/A |
| &nbsp;&nbsp; Global Total Return (USD Hedged) - Class R6 | N/A | N/A | N/A |

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For the reporting period ended April 30, 2025, PIMS received front-end sales charges ("FESL") resulting from sales of certain class shares and contingent deferred sales charges ("CDSC") imposed upon redemptions by certain shareholders. From these fees, PIMS paid such sales charges to broker-dealers, who in turn paid commissions to salespersons and incurred other distribution costs. The sales charges are as follows where applicable:

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| | | |
|:---|:---|:---|
| **Fund** | **FESL** | **CDSC** |
| &nbsp;&nbsp; Global Total Return - Class A | $48859 | $3685 |
| &nbsp;&nbsp; Global Total Return - Class C |  | 10 |
| &nbsp;&nbsp; Global Total Return (USD Hedged) - Class A |  |  |
| &nbsp;&nbsp; Global Total Return (USD Hedged) - Class C |  |  |

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PGIM Investments, PGIM, Inc., PGIM Limited, PIMS and PMFS are indirect, wholly-owned subsidiaries of Prudential Financial, Inc. ("Prudential").

**4.** **Other Transactions with Affiliates** 

PMFS serves as each Fund's transfer agent and shareholder servicing agent. Transfer agent's and shareholder servicing agent's fees and expenses in the Statement of Operations include certain out-of-pocket expenses paid to non-affiliates, where applicable.

------

The Funds may invest their overnight sweep cash in the PGIM Core Government Money Market Fund (the "Core Government Fund"), a series of the Prudential Government Money Market Fund, Inc., and their securities lending cash collateral in the PGIM Institutional Money Market Fund (the "Money Market Fund"), a series of Prudential Investment Portfolios 2, each registered under the 1940 Act and managed by PGIM Investments. PGIM Investments and/or its affiliates are paid fees or reimbursed for providing their services to the Core Government Fund and the Money Market Fund. In addition to the realized and unrealized gains on investments in the Core Government Fund and the Money Market Fund, earnings from such investments are disclosed on the Statement of Operations as "Affiliated dividend income" and "Income from securities lending, net", respectively.

The Funds may enter into certain securities purchase or sale transactions under Board approved Rule 17a-7 procedures. Rule 17a-7 is an exemptive rule under the 1940 Act that, subject to certain conditions, permits purchase and sale transactions among affiliated investment companies, or between an investment company and a person that is affiliated solely by reason of having a common (or affiliated) investment adviser, common directors/trustees, and/or common officers. For the reporting period ended April 30, 2025, no Rule 17a-7 transactions were entered into by the Funds.

**5.** **Portfolio Securities** 

The aggregate cost of purchases and proceeds from sales of portfolio securities (excluding short-term investments and U.S. Government securities) for the reporting period ended April 30, 2025, were as follows:

---

| | | |
|:---|:---|:---|
| **Fund** | **Cost of**<br> **Purchases** | **Proceeds**<br> **from Sales** |
| &nbsp;&nbsp; Global Total Return | $197718759 | $445172807 |
| &nbsp;&nbsp; Global Total Return (USD Hedged) | 2726764 | 5673802 |

---

A summary of the cost of purchases and proceeds from sales of shares of affiliated mutual funds and exchange-traded fund for the reporting period ended April 30, 2025, is presented as follows:

#### Global Total Return:

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Value,**<br> **Beginning**<br> **of**<br> **Period** | **Cost of<br>Purchases** | **Cost of<br>Purchases** | **Proceeds**<br> **from Sales** | **Proceeds**<br> **from Sales** | **Change in**<br> **Unrealized**<br> **Gain**<br> (Loss) | **Realized**<br> **Gain**<br> (Loss) | **Value,**<br> **End**<br> **of**<br> **Period** | **Shares,**<br> **End**<br> **of**<br> **Period** | **Income** | **Capital**<br> **Gain**<br> **Distributions** |
| &nbsp;&nbsp; **Long-Term Investments - Affiliated Exchange-Traded Fund<sup>(wa)</sup>:** | &nbsp;&nbsp; **Long-Term Investments - Affiliated Exchange-Traded Fund<sup>(wa)</sup>:** | &nbsp;&nbsp; **Long-Term Investments - Affiliated Exchange-Traded Fund<sup>(wa)</sup>:** | &nbsp;&nbsp; **Long-Term Investments - Affiliated Exchange-Traded Fund<sup>(wa)</sup>:** | &nbsp;&nbsp; **Long-Term Investments - Affiliated Exchange-Traded Fund<sup>(wa)</sup>:** | &nbsp;&nbsp; **Long-Term Investments - Affiliated Exchange-Traded Fund<sup>(wa)</sup>:** | &nbsp;&nbsp; **Long-Term Investments - Affiliated Exchange-Traded Fund<sup>(wa)</sup>:** | &nbsp;&nbsp; **Long-Term Investments - Affiliated Exchange-Traded Fund<sup>(wa)</sup>:** | &nbsp;&nbsp; **Long-Term Investments - Affiliated Exchange-Traded Fund<sup>(wa)</sup>:** | &nbsp;&nbsp; **Long-Term Investments - Affiliated Exchange-Traded Fund<sup>(wa)</sup>:** |  |
| &nbsp;&nbsp; PGIM AAA CLO ETF | &nbsp;&nbsp; PGIM AAA CLO ETF | &nbsp;&nbsp; PGIM AAA CLO ETF | &nbsp;&nbsp; PGIM AAA CLO ETF | &nbsp;&nbsp; PGIM AAA CLO ETF | &nbsp;&nbsp; PGIM AAA CLO ETF | &nbsp;&nbsp; PGIM AAA CLO ETF |  |  |  |  |
| &nbsp;&nbsp; $7368936 | $|  | $|  | $(12933) | $— | $7356003 | 143700 | $180990 | $3710 |
| &nbsp;&nbsp; **Short-Term Investments - Affiliated Mutual Funds:** | &nbsp;&nbsp; **Short-Term Investments - Affiliated Mutual Funds:** | &nbsp;&nbsp; **Short-Term Investments - Affiliated Mutual Funds:** | &nbsp;&nbsp; **Short-Term Investments - Affiliated Mutual Funds:** | &nbsp;&nbsp; **Short-Term Investments - Affiliated Mutual Funds:** | &nbsp;&nbsp; **Short-Term Investments - Affiliated Mutual Funds:** | &nbsp;&nbsp; **Short-Term Investments - Affiliated Mutual Funds:** | &nbsp;&nbsp; **Short-Term Investments - Affiliated Mutual Funds:** | &nbsp;&nbsp; **Short-Term Investments - Affiliated Mutual Funds:** | &nbsp;&nbsp; **Short-Term Investments - Affiliated Mutual Funds:** |  |
| &nbsp;&nbsp; PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(wa)</sup> | &nbsp;&nbsp; PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(wa)</sup> | &nbsp;&nbsp; PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(wa)</sup> | &nbsp;&nbsp; PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(wa)</sup> | &nbsp;&nbsp; PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(wa)</sup> | &nbsp;&nbsp; PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(wa)</sup> | &nbsp;&nbsp; PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(wa)</sup> | &nbsp;&nbsp; PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(wa)</sup> | &nbsp;&nbsp; PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(wa)</sup> | &nbsp;&nbsp; PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(wa)</sup> | &nbsp;&nbsp; PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(wa)</sup> |
| &nbsp;&nbsp; 6258778 |  | 350855408 |  | 353923897 |  |  | 3190289 | 3190289 | 474888 | &nbsp;&nbsp;&nbsp;&nbsp;— |

---

------

Notes to Financial Statements (unaudited) (continued)

#### Global Total Return (cont'd.):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Value,<br> Beginning**<br> **of**<br> **Period** | **Cost of<br>Purchases** | **Proceeds<br>from Sales** | **Change in<br>Unrealized<br>Gain<br>(Loss)** | **Realized<br>Gain<br>(Loss)** | **Value,**<br> **End**<br> **of**<br> **Period** | **Shares,<br>End**<br> **of**<br> **Period** | **Capital**<br> **Gain<br>Distributions** |
| &nbsp;&nbsp; PGIM Institutional Money Market Fund (7-day effective yield 4.540%)<sup>(b)(wa)</sup> | &nbsp;&nbsp; PGIM Institutional Money Market Fund (7-day effective yield 4.540%)<sup>(b)(wa)</sup> | &nbsp;&nbsp; PGIM Institutional Money Market Fund (7-day effective yield 4.540%)<sup>(b)(wa)</sup> | &nbsp;&nbsp; PGIM Institutional Money Market Fund (7-day effective yield 4.540%)<sup>(b)(wa)</sup> | &nbsp;&nbsp; PGIM Institutional Money Market Fund (7-day effective yield 4.540%)<sup>(b)(wa)</sup> | &nbsp;&nbsp; PGIM Institutional Money Market Fund (7-day effective yield 4.540%)<sup>(b)(wa)</sup> | &nbsp;&nbsp; PGIM Institutional Money Market Fund (7-day effective yield 4.540%)<sup>(b)(wa)</sup> | &nbsp;&nbsp; PGIM Institutional Money Market Fund (7-day effective yield 4.540%)<sup>(b)(wa)</sup> |
| $39964868 | $90684720 | $119077404 | $338 | $(6650) | $11565872 | 11573973$16134<sup>(2)</sup> | $— |
| $46223646 | $441540128 | $473001301 | $338 | $(6650) | $14756161$491022 |  | $— |
| $53592582 | $441540128 | $473001301 | $(12595) | $(6650) | $22112164 | $672012 | $3710 |

---

#### Global Total Return (USD Hedged):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Value,<br> Beginning**<br> **of**<br> **Period** | **Cost of<br>Purchases** | **Proceeds<br>from Sales** | **Change in<br>Unrealized<br>Gain<br>(Loss)** | **Realized<br>Gain<br>(Loss)** | **Value,**<br> **End**<br> **of**<br> **Period** | **Shares,<br>End**<br> **of**<br> **Period** | **Capital**<br> **Gain<br>Distributions** |
| &nbsp;&nbsp; **Long-Term Investments - Affiliated Exchange-Traded Fund<sup>(wa)</sup>:** | &nbsp;&nbsp; **Long-Term Investments - Affiliated Exchange-Traded Fund<sup>(wa)</sup>:** | &nbsp;&nbsp; **Long-Term Investments - Affiliated Exchange-Traded Fund<sup>(wa)</sup>:** | &nbsp;&nbsp; **Long-Term Investments - Affiliated Exchange-Traded Fund<sup>(wa)</sup>:** | &nbsp;&nbsp; **Long-Term Investments - Affiliated Exchange-Traded Fund<sup>(wa)</sup>:** | &nbsp;&nbsp; **Long-Term Investments - Affiliated Exchange-Traded Fund<sup>(wa)</sup>:** | &nbsp;&nbsp; **Long-Term Investments - Affiliated Exchange-Traded Fund<sup>(wa)</sup>:** | &nbsp;&nbsp; **Long-Term Investments - Affiliated Exchange-Traded Fund<sup>(wa)</sup>:** |
| &nbsp;&nbsp; PGIM AAA CLO ETF | &nbsp;&nbsp; PGIM AAA CLO ETF | &nbsp;&nbsp; PGIM AAA CLO ETF | &nbsp;&nbsp; PGIM AAA CLO ETF | &nbsp;&nbsp; PGIM AAA CLO ETF | &nbsp;&nbsp; PGIM AAA CLO ETF | &nbsp;&nbsp; PGIM AAA CLO ETF | &nbsp;&nbsp; PGIM AAA CLO ETF |
| $2095249 | $— | $— | $(3677) | $— | $2091572 | &nbsp;&nbsp;&nbsp;&nbsp;40859$51462 | $1055 |
| &nbsp;&nbsp; **Short-Term Investments - Affiliated Mutual Funds:** | &nbsp;&nbsp; **Short-Term Investments - Affiliated Mutual Funds:** | &nbsp;&nbsp; **Short-Term Investments - Affiliated Mutual Funds:** | &nbsp;&nbsp; **Short-Term Investments - Affiliated Mutual Funds:** | &nbsp;&nbsp; **Short-Term Investments - Affiliated Mutual Funds:** | &nbsp;&nbsp; **Short-Term Investments - Affiliated Mutual Funds:** | &nbsp;&nbsp; **Short-Term Investments - Affiliated Mutual Funds:** | &nbsp;&nbsp; **Short-Term Investments - Affiliated Mutual Funds:** |
| &nbsp;&nbsp; PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(wa)</sup> | &nbsp;&nbsp; PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(wa)</sup> | &nbsp;&nbsp; PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(wa)</sup> | &nbsp;&nbsp; PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(wa)</sup> | &nbsp;&nbsp; PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(wa)</sup> | &nbsp;&nbsp; PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(wa)</sup> | &nbsp;&nbsp; PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(wa)</sup> | &nbsp;&nbsp; PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(wa)</sup> |
| 1154597 | 11924409 | 11866914 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |  | 1212092 | 121209226973 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp; PGIM Institutional Money Market Fund (7-day effective yield 4.540%)<sup>(b)(wa)</sup> | &nbsp;&nbsp; PGIM Institutional Money Market Fund (7-day effective yield 4.540%)<sup>(b)(wa)</sup> | &nbsp;&nbsp; PGIM Institutional Money Market Fund (7-day effective yield 4.540%)<sup>(b)(wa)</sup> | &nbsp;&nbsp; PGIM Institutional Money Market Fund (7-day effective yield 4.540%)<sup>(b)(wa)</sup> | &nbsp;&nbsp; PGIM Institutional Money Market Fund (7-day effective yield 4.540%)<sup>(b)(wa)</sup> | &nbsp;&nbsp; PGIM Institutional Money Market Fund (7-day effective yield 4.540%)<sup>(b)(wa)</sup> | &nbsp;&nbsp; PGIM Institutional Money Market Fund (7-day effective yield 4.540%)<sup>(b)(wa)</sup> | &nbsp;&nbsp; PGIM Institutional Money Market Fund (7-day effective yield 4.540%)<sup>(b)(wa)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;311976 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;311966 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | (10) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;—&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| $1154597 | $12236385 | $12178880 | $— | $(10) | $1212092$26987 |  | $— |
| $3249846 | $12236385 | $12178880 | $(3677) | $(10) | $3303664 | $78449 | $1055 |

---

(2) The amount, or a portion thereof, represents the affiliated securities lending income shown on the Statement of Operations.

(b) Represents security, or portion thereof, purchased with cash collateral received for securities on loan and includes dividend reinvestment.

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

**6.** **Tax Information** 

The United States federal income tax basis of the Funds' investments and the net unrealized appreciation (depreciation) as of April 30, 2025 were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fund** | **Tax Basis** | **Gross**<br> **Unrealized**<br> **Appreciation** | **Gross**<br> **Unrealized**<br> **Depreciation** | **Net**<br> **Unrealized**<br> **Depreciation** |
| &nbsp;&nbsp; Global Total Return | $2676061315 | $116420432 | $(342890304) | $(226469872) |
| &nbsp;&nbsp; Global Total Return<br> (USD Hedged) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55169387 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2420212 | &nbsp;&nbsp;&nbsp;&nbsp;(5332475) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2912263) |

---

------

The GAAP basis may differ from tax basis due to certain tax-related adjustments.

For federal income tax purposes, the following Funds had an approximated capital loss carryforward as of October 31, 2024 which can be carried forward for an unlimited period. No capital gains distributions are expected to be paid to shareholders until net gains have been realized in excess of such losses.

---

| | | |
|:---|:---|:---|
| **Fund** | **Capital Loss<br>Carryforward** | **Capital Loss<br>Carryforward Utilized** |
| &nbsp;&nbsp; Global Total Return | $711880000 | $— |
| &nbsp;&nbsp; Global Total Return (USD Hedged) | 5245000 |  |

---

The Manager has analyzed the Funds' tax positions taken on federal, state and local income tax returns for all open tax years and has concluded that no provision for income tax is required in the Funds' financial statements for the current reporting period. Since tax authorities can examine previously filed tax returns, the Funds' U.S. federal and state tax returns for each of the four fiscal years up to the most recent fiscal year ended October 31, 2024 are subject to such review.

**7.** **Capital and Ownership** 

The Funds offer Class A, Class C, Class Z, Class R2, Class R4 and Class R6 shares, as applicable. Class A shares are sold with a maximum front-end sales charge of 3.25%. Investors who purchase $500,000 or more of Class A shares and sell those shares within 12 months of purchase are subject to a CDSC of 1% on sales although these purchases are not subject to a front-end sales charge. The Class A CDSC is waived for certain retirement and/or benefit plans. A special exchange privilege is also available for shareholders who qualified to purchase Class A shares at net asset value. Class C shares are sold with a CDSC of 1% on sales made within 12 months of purchase. Class C shares will automatically convert to Class A shares on a monthly basis approximately eight years (ten years prior to January 22, 2021) after purchase. Class Z, Class R2, Class R4 and Class R6 shares are not subject to any sales or redemption charges and are available exclusively for sale to a limited group of investors.

Under certain circumstances, an exchange may be made from specified share classes of each Fund to one or more other share classes of each Fund as presented in the table of transactions in shares of beneficial interest, below.

The RIC is authorized to issue 18,075,000,000 shares of common stock, $0.01 par value per share. The authorized shares of each Fund are currently classified and designated as follows:

---

| | |
|:---|:---|
| **Fund** | **Number of Shares** |
| &nbsp;&nbsp; Global Total Return - Class A | 900000000 |
| &nbsp;&nbsp; Global Total Return - Class B | 50000000 |
| &nbsp;&nbsp; Global Total Return - Class C | 300000000 |
| &nbsp;&nbsp; Global Total Return - Class Z | 8000000000 |

---

------

Notes to Financial Statements (unaudited) (continued)

---

| | |
|:---|:---|
| **Fund** | **Number of Shares** |
| &nbsp;&nbsp; Global Total Return - Class T | 125000000 |
| &nbsp;&nbsp; Global Total Return - Class R2 | 100000000 |
| &nbsp;&nbsp; Global Total Return - Class R4 | 100000000 |
| &nbsp;&nbsp; Global Total Return - Class R6 | 7000000000 |
| &nbsp;&nbsp; Global Total Return (USD Hedged) - Class A | 200000000 |
| &nbsp;&nbsp; Global Total Return (USD Hedged) - Class C | 300000000 |
| &nbsp;&nbsp; Global Total Return (USD Hedged) - Class Z | 600000000 |
| &nbsp;&nbsp; Global Total Return (USD Hedged) - Class R6 | 400000000 |

---

The Funds currently do not have any Class B or Class T shares outstanding, as applicable.

As of April 30, 2025, Prudential, through its affiliated entities, including affiliated funds (if applicable), owned shares of each Fund as follows:

---

| | | |
|:---|:---|:---|
| **Fund** | **Number of Shares** | **Percentage of <br>Outstanding Shares** |
| &nbsp;&nbsp; Global Total Return (USD Hedged)–Class C | 1283 | 22.4% |
| &nbsp;&nbsp; Global Total Return (USD Hedged)–Class Z | 21542 | 0.7 |
| &nbsp;&nbsp; Global Total Return (USD Hedged)–Class R6 | 2012924 | 65.9 |

---

At the reporting period end, the number of shareholders holding greater than 5% of each Fund are as follows:

---

| | | |
|:---|:---|:---|
| **Fund** | **Number of Shareholders** | **Percentage of Outstanding Shares** |
| &nbsp;&nbsp; **Affiliated:** |  |  |
| &nbsp;&nbsp; Global Total Return |  | —% |
| &nbsp;&nbsp; Global Total Return (USD Hedged) | 1 | 32.7 |
| &nbsp;&nbsp; **Unaffiliated:** |  |  |
| &nbsp;&nbsp; Global Total Return | 4 | 62.4 |
| &nbsp;&nbsp; Global Total Return (USD Hedged) | 3 | 49.8 |

---

------

Transactions in shares of common stock were as follows:

#### Global Total Return:

---

| | | |
|:---|:---|:---|
| **Share Class** | **Shares** | **Amount** |
| &nbsp;&nbsp; **Class A** |  |  |
| &nbsp;&nbsp; **Six months ended April 30, 2025:** |  |  |
| &nbsp;&nbsp; Shares sold | 2558800 | $13098189 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 811136 | 4130554 |
| &nbsp;&nbsp; Shares purchased | (4878243) | (24939714) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding before conversion | (1508307) | (7710971) |
| &nbsp;&nbsp; Shares issued upon conversion from other share class(es) | 349462 | 1794859 |
| &nbsp;&nbsp; Shares purchased upon conversion into other share class(es) | (303467) | (1549858) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (1462312) | $(7465970) |
| &nbsp;&nbsp; **Year ended October 31, 2024:** |  |  |
| &nbsp;&nbsp; Shares sold | 6382547 | $32912710 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 1041134 | 5362772 |
| &nbsp;&nbsp; Shares purchased | (9806493) | (50275734) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding before conversion | (2382812) | (12000252) |
| &nbsp;&nbsp; Shares issued upon conversion from other share class(es) | 583192 | 3001233 |
| &nbsp;&nbsp; Shares purchased upon conversion into other share class(es) | (748368) | (3856911) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (2547988) | $(12855930) |
| &nbsp;&nbsp; **Class C** |  |  |
| &nbsp;&nbsp; **Six months ended April 30, 2025:** |  |  |
| &nbsp;&nbsp; Shares sold | 77521 | $394498 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 51155 | 259665 |
| &nbsp;&nbsp; Shares purchased | (343505) | (1745886) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding before conversion | (214829) | (1091723) |
| &nbsp;&nbsp; Shares purchased upon conversion into other share class(es) | (165784) | (851452) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (380613) | $(1943175) |
| &nbsp;&nbsp; **Year ended October 31, 2024:** |  |  |
| &nbsp;&nbsp; Shares sold | 224440 | $1153111 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 69981 | 359386 |
| &nbsp;&nbsp; Shares purchased | (697069) | (3578229) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding before conversion | (402648) | (2065732) |
| &nbsp;&nbsp; Shares purchased upon conversion into other share class(es) | (385720) | (1986345) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (788368) | $(4052077) |

---

------

Notes to Financial Statements (unaudited) (continued)

#### Global Total Return (cont'd.):

---

| | | |
|:---|:---|:---|
| **Share Class** | **Shares** | **Amount** |
| &nbsp;&nbsp; **Class Z** |  |  |
| &nbsp;&nbsp; **Six months ended April 30, 2025:** |  |  |
| &nbsp;&nbsp; Shares sold | 23116684 | $119023585 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 5007930 | 25640098 |
| &nbsp;&nbsp; Shares purchased | (52802557) | (269234093) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding before conversion | (24677943) | (124570410) |
| &nbsp;&nbsp; Shares issued upon conversion from other share class(es) | 886695 | 4578007 |
| &nbsp;&nbsp; Shares purchased upon conversion into other share class(es) | (973814) | (4961911) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (24765062) | $(124954314) |
| &nbsp;&nbsp; **Year ended October 31, 2024:** |  |  |
| &nbsp;&nbsp; Shares sold | 56230357 | $290765477 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 6746633 | 34936496 |
| &nbsp;&nbsp; Shares purchased | (78746322) | (405927968) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding before conversion | (15769332) | (80225995) |
| &nbsp;&nbsp; Shares issued upon conversion from other share class(es) | 536089 | 2773809 |
| &nbsp;&nbsp; Shares purchased upon conversion into other share class(es) | (1578063) | (8331021) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (16811306) | $(85783207) |
| &nbsp;&nbsp; **Class R2** |  |  |
| &nbsp;&nbsp; **Six months ended April 30, 2025:** |  |  |
| &nbsp;&nbsp; Shares sold | 64095 | $331856 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 15701 | 80874 |
| &nbsp;&nbsp; Shares purchased | (271015) | (1383599) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (191219) | $(970869) |
| &nbsp;&nbsp; **Year ended October 31, 2024:** |  |  |
| &nbsp;&nbsp; Shares sold | 216451 | $1132084 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 25147 | 131071 |
| &nbsp;&nbsp; Shares purchased | (485557) | (2538231) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (243959) | $(1275076) |
| &nbsp;&nbsp; **Class R4** |  |  |
| &nbsp;&nbsp; **Six months ended April 30, 2025:** |  |  |
| &nbsp;&nbsp; Shares sold | 419944 | $2164641 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 39931 | 206051 |
| &nbsp;&nbsp; Shares purchased | (694639) | (3585738) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (234764) | $(1215046) |

---

------

---

| | | |
|:---|:---|:---|
| **Share Class** | **Shares** | **Amount** |
| &nbsp;&nbsp; **Year ended October 31, 2024:** |  |  |
| &nbsp;&nbsp; Shares sold | 970392 | $5079822 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 53585 | 279667 |
| &nbsp;&nbsp; Shares purchased | (921420) | (4828817) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | 102557 | $530672 |
| &nbsp;&nbsp; **Class R6** |  |  |
| &nbsp;&nbsp; **Six months ended April 30, 2025:** |  |  |
| &nbsp;&nbsp; Shares sold | 39311055 | $202814927 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 8317354 | 42884994 |
| &nbsp;&nbsp; Shares purchased | (67926220) | (351916281) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding before conversion | (20297811) | (106216360) |
| &nbsp;&nbsp; Shares issued upon conversion from other share class(es) | 887264 | 4549551 |
| &nbsp;&nbsp; Shares purchased upon conversion into other share class(es) | (684053) | (3559196) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (20094600) | $(105226005) |
| &nbsp;&nbsp; **Year ended October 31, 2024:** |  |  |
| &nbsp;&nbsp; Shares sold | 83258500 | $433604088 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 10688320 | 55716970 |
| &nbsp;&nbsp; Shares purchased | (106682962) | (553376288) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding before conversion | (12736142) | (64055230) |
| &nbsp;&nbsp; Shares issued upon conversion from other share class(es) | 1733037 | 9197430 |
| &nbsp;&nbsp; Shares purchased upon conversion into other share class(es) | (153278) | (798195) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (11156383) | $(55655995) |
| <br> **Global Total Return (USD Hedged):**<br>|  |  |
| **Share Class** | **Shares** | **Amount** |
| &nbsp;&nbsp; **Class A** |  |  |
| &nbsp;&nbsp; **Six months ended April 30, 2025:** |  |  |
| &nbsp;&nbsp; Shares sold | 15824 | $135687 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 1226 | 10542 |
| &nbsp;&nbsp; Shares purchased | (28926) | (247938) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (11876) | $(101709) |
| &nbsp;&nbsp; **Year ended October 31, 2024:** |  |  |
| &nbsp;&nbsp; Shares sold | 15904 | $132812 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 2425 | 20515 |
| &nbsp;&nbsp; Shares purchased | (7390) | (62175) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding before conversion | 10939 | 91152 |
| &nbsp;&nbsp; Shares purchased upon conversion into other share class(es) | (929) | (7981) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | 10010 | $83171 |

---

------

Notes to Financial Statements (unaudited) (continued)

#### Global Total Return (USD Hedged) (cont'd.):

---

| | | |
|:---|:---|:---|
| **Share Class** | **Shares** | **Amount** |
| &nbsp;&nbsp; **Class C** |  |  |
| &nbsp;&nbsp; **Six months ended April 30, 2025:** |  |  |
| &nbsp;&nbsp; Shares sold | 456 | $3900 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 83 | 713 |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | 539 | $4613 |
| &nbsp;&nbsp; **Year ended October 31, 2024:** |  |  |
| &nbsp;&nbsp; Shares sold | 924 | $7785 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 169 | 1426 |
| &nbsp;&nbsp; Shares purchased | (3304) | (27964) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (2211) | $(18753) |
| &nbsp;&nbsp; **Class Z** |  |  |
| &nbsp;&nbsp; **Six months ended April 30, 2025:** |  |  |
| &nbsp;&nbsp; Shares sold | 743267 | $6375367 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 55365 | 475857 |
| &nbsp;&nbsp; Shares purchased | (297780) | (2547728) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding before conversion | 500852 | 4303496 |
| &nbsp;&nbsp; Shares issued upon conversion from other share class(es) | 47 | 400 |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | 500899 | $4303896 |
| &nbsp;&nbsp; **Year ended October 31, 2024:** |  |  |
| &nbsp;&nbsp; Shares sold | 1848244 | $15615526 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 76481 | 648129 |
| &nbsp;&nbsp; Shares purchased | (751335) | (6481099) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding before conversion | 1173390 | 9782556 |
| &nbsp;&nbsp; Shares issued upon conversion from other share class(es) | 930 | 7981 |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | 1174320 | $9790537 |
| &nbsp;&nbsp; **Class R6** |  |  |
| &nbsp;&nbsp; **Six months ended April 30, 2025:** |  |  |
| &nbsp;&nbsp; Shares sold | 465502 | $4010479 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 19822 | 170499 |
| &nbsp;&nbsp; Shares purchased | (227593) | (1946518) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding before conversion | 257731 | 2234460 |
| &nbsp;&nbsp; Shares purchased upon conversion into other share class(es) | (47) | (400) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | 257684 | $2234060 |

---

------

---

| | | |
|:---|:---|:---|
| **Share Class** | **Shares** | **Amount** |
| &nbsp;&nbsp; **Year ended October 31, 2024:** |  |  |
| &nbsp;&nbsp; Shares sold | 2411040 | $20292042 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 289063 | 2437909 |
| &nbsp;&nbsp; Shares purchased | (10784589) | (92312524) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (8084486) | $(69582573) |

---

**8.** **Borrowings** 

The RIC, on behalf of each Fund, along with other affiliated registered investment companies (the "Participating Funds"), is a party to a Syndicated Credit Agreement ("SCA") with a group of banks. The purpose of the SCA is to provide an alternative source of temporary funding for capital share redemptions. The table below provides details of the SCA in effect at the reporting period-end.

---

| | |
|:---|:---|
|  | **SCA** |
| &nbsp;&nbsp; **Term of Commitment** | 9/27/2024 - 9/25/2025 |
| &nbsp;&nbsp; **Total Commitment** | $1200000000 |
| &nbsp;&nbsp; **Annualized Commitment Fee on**<br> **the Unused Portion of the SCA** | 0.15% |
| &nbsp;&nbsp; **Annualized Interest Rate on Borrowings** | 1.00% plus the higher of (1)<br>the effective federal funds<br>rate, (2) the daily SOFR<br>rate plus 0.10% or (3) zero<br>percent |

---

Certain affiliated registered investment companies that are parties to the SCA include portfolios that are subject to a predetermined mathematical formula used to manage certain benefit guarantees offered under variable annuity contracts. The formula may result in large scale asset flows into and out of these portfolios. Consequently, these portfolios may be more likely to utilize the SCA for purposes of funding redemptions. It may be possible for those portfolios to fully exhaust the committed amount of the SCA, thereby requiring the Manager to allocate available funding per a Board-approved methodology designed to treat the Participating Funds in the SCA equitably.

The Fund indicated below utilized the SCA during the reporting period ended April 30, 2025. The average balance outstanding is for the number of days the Fund utilized the SCA.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund** | **Average<br>Balance<br>Outstanding** | **Weighted<br>Average<br>Interest Rates** | **Number**<br> **of Days<br>Outstanding** | **Maximum<br>Balance<br>Outstanding** | **Balance<br>Outstanding at<br>April 30, 2025** |
| &nbsp;&nbsp; Global Total Return | $639500 | 5.82% | 2 | $1043000 | $— |

---

------

Notes to Financial Statements (unaudited) (continued)

**9.** **Risks of Investing in the Funds** 

Each Fund's principal risks include, but are not limited to, some or all of the risks discussed below. For further information on the risks applicable to any given Fund, please refer to the Prospectus and Statement of Additional Information of that Fund.

*Credit Risk*: This is the risk that the issuer, the guarantor or the insurer of a fixed income security, or the counterparty to a contract, may be unable or unwilling to make timely principal and interest payments, or to otherwise honor its obligations. Additionally, fixed income securities could lose value due to a loss of confidence in the ability of the issuer, guarantor, insurer or counterparty to pay back debt. The lower the credit quality of a bond, the more sensitive it is to credit risk.

*Currency Risk*: The Fund's net asset value could decline as a result of changes in exchange rates, which could adversely affect the Fund's investments in currencies, or in securities that trade in, and receive revenues related to, currencies, or in derivatives that provide exposure to currencies. Certain foreign countries may impose restrictions on the ability of issuers of foreign securities to make payment of principal and interest or dividends to investors located outside the country, due to blockage of foreign currency exchanges or otherwise.

*Debt Obligations Risk*: Debt obligations are fixed income investments that are subject to credit risk, market risk and interest rate risk. The Fund's holdings, share price, yield and total return may also fluctuate in response to bond market movements. The value of bonds may decline for issuer-related reasons, including management performance, financial leverage and reduced demand for the issuer's goods and services. Certain types of fixed income obligations also may be subject to "call and redemption risk," which is the risk that the issuer may call a bond held by the Fund for redemption before it matures and the Fund may not be able to reinvest at the same rate of interest and therefore would earn less income.

*Derivatives Risk:* Derivatives involve special risks and costs and may result in losses to the Fund. The successful use of derivatives requires sophisticated management, and, to the extent that derivatives are used, the Fund will depend on the subadviser's ability to analyze and manage derivatives transactions. The prices of derivatives may move in unexpected ways, especially in abnormal market conditions. Some derivatives are "leveraged" or may create economic leverage for the Fund and therefore may magnify or otherwise increase investment losses to the Fund. The Fund's use of derivatives may also increase the amount of taxes payable by shareholders.

Other risks arise from the potential inability to terminate or sell derivatives positions. A liquid secondary market may not always exist for the Fund's derivatives positions. In fact, many over-the-counter derivative instruments will not have liquidity beyond the counterparty to the

------

instrument. Over-the-counter derivative instruments also involve the risk that the other party will not meet its obligations to the Fund. The use of derivatives also exposes the Fund to operational issues, such as documentation and settlement issues, systems failures, inadequate control and human error.

Derivatives may also involve legal risks, such as insufficient documentation, the lack of capacity or authority of a counterparty to execute or settle a transaction, and the legality and enforceability of derivatives contracts. The U.S. Government and foreign governments have adopted (and may adopt further) regulations governing derivatives markets, including mandatory clearing of certain derivatives, margin and reporting requirements and risk exposure limitations. Regulation of derivatives may make derivatives more costly, limit their availability or utility to the Fund, or otherwise adversely affect their performance or disrupt markets.

*Economic and Market Events Risk:* Events in the U.S. and global financial markets, including actions taken by the U.S. Federal Reserve or foreign central banks to stimulate or stabilize economic growth or the functioning of the securities markets, or otherwise reduce inflation, may at times result in unusually high market volatility, which could negatively impact performance. Governmental efforts to curb inflation often have negative effects on the level of economic activity. Relatively reduced liquidity in credit and fixed income markets could adversely affect issuers worldwide.

*Emerging Markets Risk*: The risks of foreign investments are greater for investments in or exposed to emerging markets. Emerging market countries typically have economic and political systems that are less fully developed, and can be expected to be less stable, than those of more developed countries. For example, the economies of such countries can be subject to rapid and unpredictable rates of inflation or deflation. Low trading volumes may result in a lack of liquidity and price volatility. Emerging market countries may have policies that restrict investment by non-U.S. investors, or that prevent non-U.S. investors from withdrawing their money at will.

The Fund may invest in some emerging markets that subject it to risks such as those associated with illiquidity, custody of assets, different settlement and clearance procedures and asserting legal title under a developing legal and regulatory regime to a greater degree than in developed markets or even in other emerging markets.

*Foreign Securities Risk*: Investments in securities of non-U.S. issuers (including those denominated in U.S. dollars) may involve more risk than investing in securities of U.S. issuers. Foreign political, economic and legal systems, especially those in developing and emerging market countries, may be less stable and more volatile than in the United States. Foreign legal systems generally have fewer regulatory requirements than the U.S. legal system, particularly those of emerging markets. In general, less information is publicly available with respect to non-U.S. companies than U.S. companies. Non-U.S. companies generally are not subject to the same accounting, auditing, and financial reporting standards as are U.S. companies. Additionally, the changing value of foreign currencies and changes

------

Notes to Financial Statements (unaudited) (continued)

in exchange rates could also affect the value of the assets the Fund holds and the Fund's performance. Certain foreign countries may impose restrictions on the ability of issuers of foreign securities to make payment of principal and interest or dividends to investors located outside the country, due to blockage of foreign currency exchanges or otherwise. Investments in emerging markets are subject to greater volatility and price declines.

In addition, the Fund's investments in non-U.S. securities may be subject to the risks of nationalization or expropriation of assets, imposition of currency exchange controls or restrictions on the repatriation of non-U.S. currency, confiscatory taxation and adverse diplomatic developments. Special U.S. tax considerations may apply.

*Increase in Expenses Risk*: Your actual cost of investing in the Fund may be higher than the expenses shown in the expense table in the Fund's prospectus for a variety of reasons. For example, expense ratios may be higher than those shown if average net assets decrease. Net assets are more likely to decrease and Fund expense ratios are more likely to increase when markets are volatile. Active and frequent trading of Fund securities can increase expenses.

*Interest Rate Risk:* The value of your investment may go down when interest rates rise. A rise in rates tends to have a greater impact on the prices of longer term or duration debt securities. Similarly, a rise in interest rates may also have a greater negative impact on the value of equity securities whose issuers expect earnings further out in the future. For example, a fixed income security with a duration of three years is expected to decrease in value by approximately 3% if interest rates increase by 1%. This is referred to as "duration risk". When interest rates fall, the issuers of debt obligations may prepay principal more quickly than expected, and the Fund may be required to reinvest the proceeds at a lower interest rate. This is referred to as "prepayment risk". For premium bonds (bonds acquired at prices that exceed their par or principal value) purchased by the Fund, prepayment risk may be elevated. When interest rates rise, debt obligations may be repaid more slowly than expected, and the value of the Fund's holdings may fall sharply. This is referred to as "extension risk". The Fund may lose money if short-term or long-term interest rates rise sharply or in a manner not anticipated by the subadviser.

*Junk Bonds Risk*: High-yield, high-risk bonds have predominantly speculative characteristics, including particularly high credit risk. Junk bonds tend to have lower market liquidity than higher-rated securities. The liquidity of particular issuers or industries within a particular investment category may shrink or disappear suddenly and without warning. The non-investment grade bond market can experience sudden and sharp price swings and become illiquid due to a variety of factors, including changes in economic forecasts, stock market activity, large sustained sales by major investors, a high profile default or a change in the market's psychology.

------

*Large Shareholder and Large Scale Redemption Risk*: Certain individuals, accounts, funds (including funds affiliated with the Manager) or institutions, including the Manager and its affiliates, may from time to time own or control a substantial amount of the Fund's shares. There is no requirement that these entities maintain their investment in the Fund. There is a risk that such large shareholders or that the Fund's shareholders generally may redeem all or a substantial portion of their investments in the Fund in a short period of time, which could have a significant negative impact on the Fund's NAV, liquidity, and brokerage costs. Large redemptions could also result in tax consequences to shareholders and impact the Fund's ability to implement its investment strategy. The Fund's ability to pursue its investment objective after one or more large scale redemptions may be impaired and, as a result, the Fund may invest a larger portion of its assets in cash or cash equivalents.

*Liquidity Risk*: Liquidity risk is the risk that the Fund could not meet requests to redeem shares issued by the Fund without significant dilution of remaining investors' interests in the Fund. The Fund may invest in instruments that trade in lower volumes and are more illiquid than other investments. If the Fund is forced to sell these investments to pay redemption proceeds or for other reasons, the Fund may lose money. In addition, when there is no willing buyer and investments cannot be readily sold at the desired time or price, the Fund may have to accept a lower price or may not be able to sell the instrument at all. An inability to sell a portfolio position can adversely affect the Fund's value or prevent the Fund from being able to take advantage of other investment opportunities.

*Management Risk:* Actively managed funds are subject to management risk. The subadviser will apply investment techniques and risk analyses in making investment decisions for the Fund, but the subadviser's judgments about the attractiveness, value or market trends affecting a particular security, industry or sector or about market movements may be incorrect. Additionally, the investments selected for the Fund may underperform the markets in general, the Fund's benchmark and other funds with similar investment objectives.

*Market Disruption and Geopolitical Risks*: Market disruption can be caused by economic, financial or political events and factors, including but not limited to, international wars or conflicts (including Russia's military invasion of Ukraine and the Israel-Hamas war), geopolitical developments (including trading and tariff arrangements, sanctions and cybersecurity attacks), instability in regions such as Asia, Eastern Europe and the Middle East, terrorism, natural disasters and public health epidemics (including the outbreak of COVID-19 globally).

Recent policy decisions of the U.S. government and governments of foreign countries may increase geopolitical risks that could adversely affect the investment performance of the Fund. These policies have the potential to impact international relations, trade agreements and the overall regulatory environment in ways that could create uncertainty and instability in domestic and global markets. Actions taken by the U.S. government and governments of foreign countries in respect of international trade relations could lead to trade wars,

------

Notes to Financial Statements (unaudited) (continued)

increased costs for imported goods, disruptions in supply chains, reduced foreign investment, and instability in regions where the Fund invests.

The extent and duration of such events and resulting market disruptions cannot be predicted, but could be substantial and could magnify the impact of other risks to the Fund. These and other similar events could adversely affect the U.S. and foreign financial markets and lead to increased market volatility, reduced liquidity in the securities markets, significant negative impacts on issuers and the markets for certain securities and commodities and/or government intervention. They may also cause short- or long-term economic uncertainties in the United States and worldwide. As a result, whether or not the Fund invests in securities of issuers located in or with significant exposure to the countries directly affected, the value and liquidity of the Fund's investments may be negatively impacted. Further, due to closures of certain markets and restrictions on trading certain securities, the value of certain securities held by the Fund could be significantly impacted, which could lead to such securities being valued at zero.

*Market Risk*: Securities markets may be volatile and the market prices of the Fund's securities may decline. Securities fluctuate in price based on changes in an issuer's financial condition and overall market and economic conditions. If the market prices of the securities owned by the Fund fall, the value of your investment in the Fund will decline.

*Mortgage-Backed and Asset-Backed Securities Risk*: Mortgage-backed and asset-backed securities tend to increase in value less than other debt securities when interest rates decline, but are subject to similar risk of decline in market value during periods of rising interest rates. The values of mortgage-backed and asset-backed securities become more volatile as interest rates rise. In a period of declining interest rates, the Fund may be required to reinvest more frequent prepayments on mortgage-backed and asset-backed securities in lower-yielding investments.

*U.S. Government and Agency Securities Risk*: U.S. Treasury obligations are backed by the "full faith and credit" of the U.S. Government. Securities issued or guaranteed by federal agencies or authorities and U.S. Government-sponsored instrumentalities or enterprises may or may not be backed by the full faith and credit of the U.S. Government. For example, securities issued by the Federal Home Loan Mortgage Corporation, the Federal National Mortgage Association and the Federal Home Loan Banks are neither insured nor guaranteed by the U.S. Government. These securities may be supported by the ability to borrow from the U.S. Treasury or only by the credit of the issuing agency, authority, instrumentality or enterprise and, as a result, are subject to greater credit risk than securities issued or guaranteed by the U.S. Treasury. Further, the U.S. Government and its agencies, authorities, instrumentalities and enterprises do not guarantee the market value of their securities; consequently, the value of such securities will fluctuate. This may be the case

------

especially when there is any controversy or ongoing uncertainty regarding the status of negotiations in the U.S. Congress to increase the statutory debt ceiling. Such controversy or uncertainty could, among other things, result in the credit quality rating of the U. S. Government being downgraded and reduced prices of U.S. Treasury securities. If the U. S. Congress is unable to negotiate an adjustment to the statutory debt ceiling, there is also the risk that the U.S. Government may default on payments on certain U.S. Government securities, including those held by the Fund, which could have a negative impact on the Fund. An increase in demand for U.S. Government securities resulting from an increase in demand for government money market funds may lead to lower yields on such securities.

**10.** **Subsequent Event** 

Each Fund's management evaluated subsequent events through the date of issuance of the financial statements. There have been no subsequent events that occurred during such period that would require disclosure in, or would be required to be recognized in, the financial statements as of April 30, 2025.

------

#### Other Information
**Form N-CSR Item 8** - Changes in and Disagreements with Accountants for Open-End Management Investment Companies – None.

**Form N-CSR Item 9** - Proxy Disclosures for Open-End Management Investment Companies - None.

**Form N-CSR Item 10** - Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies - Included within the Statement of Operations of the financial statements filed under Item 7 of this Form.

**Form N-CSR Item 11** - Statement Regarding Basis for Approval of Investment Advisory Contract. - None.

------

Item 12 – Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies – Not applicable.

Item 13 – Portfolio Managers of Closed-End Management Investment Companies – Not applicable.

Item 14 – Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers – Not applicable.

Item 15 – Submission of Matters to a Vote of Security Holders – There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant's board of directors.

Item 16 – Controls and Procedures

(a) It is the conclusion of the registrant's principal executive officer and principal financial officer that the effectiveness of the registrant's current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant has been recorded, processed, summarized and reported within the time period specified in the Commission's rules and forms and that the information required to be disclosed by the registrant has been accumulated and communicated to the registrant's principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.

(b) There has been no significant change in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR 270.30a-3(d))) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

Item 17 – Disclosure of Securities Lending Activities for Closed-End Management Investment Companies – Not applicable.

Item 18 – Recovery of Erroneously Awarded Compensation – Not applicable.

Item 19 – Exhibits

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)(1) | Code of Ethics – Not required, as this is not an annual filing. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)(2) | Policy required by the listing standards adopted pursuant to Rule 10D-1 under the Securities Exchange Act of 1934 – Not applicable. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)(3) | [Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 – Attached hereto as Exhibit EX-99.CERT.](d27480dex99cert.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)(4) | Any written solicitation to purchase securities under Rule 23c-1 under the Investment Company Act of 1940- Not applicable. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)(5) | Change in the registrant's independent public accountant – Not applicable. |

---

(b) [Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 – Attached hereto as Exhibit EX-99.906CERT.](d27480dex99906cert.htm)

------

#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | |
|:---|:---|
| Registrant: | <u>Prudential Global Total Return Fund, Inc.</u> |
| By: | <u>/s/ Andrew R. French</u> |
|  | Andrew R. French |
|  | Secretary |
| Date: | June 20, 2025 |

---

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

---

| | |
|:---|:---|
| By: | <u>/s/ Stuart S. Parker</u> |
|  | Stuart S. Parker |
|  | President and Principal Executive Officer |
| Date: | June 20, 2025 |
| By: | <u>/s/ Christian J. Kelly</u> |
|  | Christian J. Kelly |
|  | Chief Financial Officer (Principal Financial Officer) |
| Date: | June 20, 2025 |

---

## Ex-99.Cert

Item 19

**Prudential Global Total Return Fund, Inc.** 

Semi-Annual period ending 4/30/25

File No. 811-04661

**<u>CERTIFICATIONS</u>**

I, Stuart S. Parker, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. I have reviewed this report on Form N-CSR of the above-named Fund(s);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the
periods presented in this report.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this
report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) Disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and
the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) All significant deficiencies and material weaknesses in the design or operation of internal controls which are
reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Any fraud, whether or not material, that involves management or other employees who have a significant role in
the registrant's internal control over financial reporting.

June 20, 2025

---

| |
|:---|
| <u>/s/ Stuart S. Parker</u> |
| Stuart S. Parker |
| President and Principal Executive Officer |

---

------

Item 19

**Prudential Global Total Return Fund, Inc.** 

Semi-Annual period ending 4/30/25

File No. 811-04661

**<u>CERTIFICATIONS</u>**

I, Christian J. Kelly, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. I have reviewed this report on Form N-CSR of the above-named Fund(s);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the
periods presented in this report.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this
report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) Disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and
the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) All significant deficiencies and material weaknesses in the design or operation of internal controls which are
reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Any fraud, whether or not material, that involves management or other employees who have a significant role in
the registrant's internal control over financial reporting.

June 20, 2025

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| |
|:---|
| <u>/s/ Christian J. Kelly</u> |
| Christian J. Kelly |
| Chief Financial Officer |
| (Principal Financial Officer) |

---

## Exhibit 99.906

Certification Pursuant to 18 U.S.C. Section 1350

As Adopted Pursuant to

Section 906 of the Sarbanes-Oxley Act of 2002

Name of Issuer: <u>Prudential Global Total Return Fund, Inc.</u>

In connection with the Report on Form N-CSR of the above-named issuer that is accompanied by this certification, the undersigned hereby certifies, to his or her knowledge, that:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act
of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and
results of operations of the Issuer.

---

| | |
|:---|:---|
| June 20, 2025 | <u>/s/ Stuart S. Parker</u> |
|  | Stuart S. Parker |
|  | President and Principal Executive Officer |
| June 20, 2025 | <u>/s/ Christian J. Kelly</u> |
|  | Christian J. Kelly |
|  | Chief Financial Officer<br> (Principal Financial Officer) |

---

*This certification is being furnished solely pursuant to 18 U.S.C. Section 1350 and is not being filed as part of the Report or as a separate disclosure document.*