# EDGAR Filing Document

**Accession Number:** 0001067442
**File Stem:** 0000940400-26-012043
**Filing Date:** 2026-3
**Character Count:** 49387
**Document Hash:** 621e48f4b3920fb1eccf5fd68f0c352f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-012043.hdr.sgml**: 20260330

**ACCESSION NUMBER**: 0000940400-26-012043

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260130

**FILED AS OF DATE**: 20260330

**DATE AS OF CHANGE**: 20260330

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRUDENTIAL INVESTMENT PORTFOLIOS 16
- **CENTRAL INDEX KEY:** 0001067442

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08915
- **FILM NUMBER:** 26812323

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TARGET ASSET ALLOCATION FUNDS
- **DATE OF NAME CHANGE:** 20061003

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** STRATEGIC PARTNERS ASSET ALLOCATION FUNDS
- **DATE OF NAME CHANGE:** 20010906

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRUDENTIAL DIVERSIFIED FUNDS
- **DATE OF NAME CHANGE:** 19980930

## Series and Classes Contracts Data

### PGIM INCOME BUILDER FUND (Series ID: S000004703)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000012792 | Class R      | PCLRX           |
| C000012793 | Class A      | PCGAX           |
| C000012795 | Class C      | PCCFX           |
| C000012796 | Class Z      | PDCZX           |
| C000176454 | Class R6     | PCGQX           |

## Nport-Ex

### PGIM Income Builder Fund

### Schedule of Investments (unaudited) as of January 31, 2026

---

| | | |
|:---|:---|:---|
| **Description** | **Shares** | &nbsp;&nbsp;**Value** |
| **Long-Term Investments 99.1%** | **Long-Term Investments 99.1%** | **Long-Term Investments 99.1%** |
| **Affiliated Exchange-Traded Funds 17.2%** | **Affiliated Exchange-Traded Funds 17.2%** | **Affiliated Exchange-Traded Funds 17.2%** |
| **Fixed Income** | **Fixed Income** | **Fixed Income** |
| &nbsp;&nbsp;&nbsp;&nbsp;PGIM Active Aggregate Bond ETF | &nbsp;&nbsp;&nbsp;464908 | &nbsp;&nbsp; $19925724 |
| &nbsp;&nbsp;&nbsp;&nbsp;PGIM Active High Yield Bond ETF | &nbsp;&nbsp;&nbsp;652371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23289645 |
| **Total Affiliated Exchange-Traded Funds<br> (cost $47,778,867)(wa)** | **Total Affiliated Exchange-Traded Funds<br> (cost $47,778,867)(wa)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43215369 |
| **Affiliated Mutual Funds 62.0%** | **Affiliated Mutual Funds 62.0%** | **Affiliated Mutual Funds 62.0%** |
| **Domestic Equity 24.0%** | **Domestic Equity 24.0%** | **Domestic Equity 24.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;PGIM Jennison Energy Infrastructure Fund (Class R6) | 4308702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27748042 |
| &nbsp;&nbsp;&nbsp;&nbsp;PGIM Real Estate Income Fund (Class R6) | 4385945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32631431 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60379473 |
| **Fixed Income 25.3%** | **Fixed Income 25.3%** | **Fixed Income 25.3%** |
| &nbsp;&nbsp;&nbsp;&nbsp;PGIM Core Conservative Bond Fund (Class R6) | 3267254 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28490456 |
| &nbsp;&nbsp;&nbsp;&nbsp;PGIM Emerging Markets Debt Hard Currency Fund (Class R6) | 4764924 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35022194 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63512650 |
| **International Equity 12.7%** | **International Equity 12.7%** | **International Equity 12.7%** |
| &nbsp;&nbsp;&nbsp;&nbsp;PGIM Quant Solutions Emerging Markets Equity Fund (Class R6) | &nbsp;&nbsp;&nbsp;&nbsp;33093 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;479845 |
| &nbsp;&nbsp;&nbsp;&nbsp;PGIM Quant Solutions International Equity Fund (Class R6) | 3067737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31413630 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31893475 |
| **Total Affiliated Mutual Funds<br> (cost $131,722,789)(wa)** | **Total Affiliated Mutual Funds<br> (cost $131,722,789)(wa)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155785598 |
| **Common Stocks 13.5%** | **Common Stocks 13.5%** | **Common Stocks 13.5%** |
| **Aerospace & Defense 1.3%** | **Aerospace & Defense 1.3%** | **Aerospace & Defense 1.3%** |
| CSG NV (Czech Republic)\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2257 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81745 |
| Rheinmetall AG (Germany) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;989502 |
| RTX Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;993799 |
| Safran SA (France) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3733 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1333769 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3398815 |
| **Banks 1.1%** | **Banks 1.1%** | **Banks 1.1%** |
| Citigroup, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;974973 |
| JPMorgan Chase & Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2878 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;880351 |
| Truist Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;17166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;882676 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2738000 |
| **Beverages 0.2%** | **Beverages 0.2%** | **Beverages 0.2%** |
| Coca-Cola Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;390508 |
| **Biotechnology 0.7%** | **Biotechnology 0.7%** | **Biotechnology 0.7%** |
| AbbVie, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1089850 |
| Amgen, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;803760 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1893610 |
| **Commercial Services & Supplies 0.1%** | **Commercial Services & Supplies 0.1%** | **Commercial Services & Supplies 0.1%** |
| Waste Management, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172236 |
| **Communications Equipment 0.4%** | **Communications Equipment 0.4%** | **Communications Equipment 0.4%** |
| Cisco Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;13075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1024034 |
| **Consumer Finance 0.2%** | **Consumer Finance 0.2%** | **Consumer Finance 0.2%** |
| American Express Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;591998 |

---

PGIM Income Builder Fund

------

### PGIM Income Builder Fund

### Schedule of Investments (unaudited) (continued)
as of January 31, 2026

---

| | | |
|:---|:---|:---|
| **Description** | **Shares** | &nbsp;&nbsp;**Value** |
| **Common Stocks (Continued)** | **Common Stocks (Continued)** | **Common Stocks (Continued)** |
| **Consumer Staples Distribution & Retail 0.5%** | **Consumer Staples Distribution & Retail 0.5%** | **Consumer Staples Distribution & Retail 0.5%** |
| Walmart, Inc. | &nbsp;&nbsp;9574 | &nbsp;&nbsp; $1140646 |
| **Diversified Telecommunication Services 0.5%** | **Diversified Telecommunication Services 0.5%** | **Diversified Telecommunication Services 0.5%** |
| AT&T, Inc. | 34472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;903511 |
| BCE, Inc. (Canada) | 14077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;364031 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1267542 |
| **Electric Utilities 0.6%** | **Electric Utilities 0.6%** | **Electric Utilities 0.6%** |
| Entergy Corp. | 10986 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1053447 |
| NextEra Energy, Inc. | &nbsp;&nbsp;5581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;490570 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1544017 |
| **Electrical Equipment 0.7%** | **Electrical Equipment 0.7%** | **Electrical Equipment 0.7%** |
| GE Vernova, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;429285 |
| Siemens Energy AG (Germany)\* | &nbsp;&nbsp;7672 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1307156 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1736441 |
| **Financial Services 0.3%** | **Financial Services 0.3%** | **Financial Services 0.3%** |
| Visa, Inc. (Class A Stock) | &nbsp;&nbsp;2325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;748255 |
| **Ground Transportation 0.1%** | **Ground Transportation 0.1%** | **Ground Transportation 0.1%** |
| Union Pacific Corp. | &nbsp;&nbsp;&nbsp;&nbsp;933 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;219348 |
| **Health Care Providers & Services 0.3%** | **Health Care Providers & Services 0.3%** | **Health Care Providers & Services 0.3%** |
| CVS Health Corp. | &nbsp;&nbsp;8699 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;648250 |
| **Hotels, Restaurants & Leisure 0.3%** | **Hotels, Restaurants & Leisure 0.3%** | **Hotels, Restaurants & Leisure 0.3%** |
| McDonald's Corp. | &nbsp;&nbsp;1427 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;449505 |
| Starbucks Corp. | &nbsp;&nbsp;4697 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;431889 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;881394 |
| **Household Products 0.1%** | **Household Products 0.1%** | **Household Products 0.1%** |
| Procter & Gamble Co. (The) | &nbsp;&nbsp;1094 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166036 |
| **Independent Power & Renewable Electricity Producers 0.3%** | **Independent Power & Renewable Electricity Producers 0.3%** | **Independent Power & Renewable Electricity Producers 0.3%** |
| Vistra Corp. | &nbsp;&nbsp;4851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;768156 |
| **Industrial REITs 0.2%** | **Industrial REITs 0.2%** | **Industrial REITs 0.2%** |
| Prologis, Inc. | &nbsp;&nbsp;3148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;411003 |
| **Insurance 0.4%** | **Insurance 0.4%** | **Insurance 0.4%** |
| Lincoln National Corp. | 10006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;416350 |
| MetLife, Inc. | &nbsp;&nbsp;8557 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;674976 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1091326 |
| **Interactive Media & Services 0.2%** | **Interactive Media & Services 0.2%** | **Interactive Media & Services 0.2%** |
| Alphabet, Inc. (Class A Stock) | &nbsp;&nbsp;1562 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;527956 |
| **IT Services 0.5%** | **IT Services 0.5%** | **IT Services 0.5%** |
| International Business Machines Corp. | &nbsp;&nbsp;3988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1223120 |

---

------

### PGIM Income Builder Fund

### Schedule of Investments (unaudited) (continued)
as of January 31, 2026

---

| | | |
|:---|:---|:---|
| **Description** | **Shares** | &nbsp;&nbsp;**Value** |
| **Common Stocks (Continued)** | **Common Stocks (Continued)** | **Common Stocks (Continued)** |
| **Machinery 0.5%** | **Machinery 0.5%** | **Machinery 0.5%** |
| Caterpillar, Inc. | &nbsp;&nbsp;1361 | &nbsp;&nbsp; $894667 |
| Parker-Hannifin Corp. | &nbsp;&nbsp;&nbsp;&nbsp;447 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;418320 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1312987 |
| **Metals & Mining 0.1%** | **Metals & Mining 0.1%** | **Metals & Mining 0.1%** |
| Rio Tinto PLC (Australia), ADR | &nbsp;&nbsp;3970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;361389 |
| **Mortgage Real Estate Investment Trusts (REITs) 0.1%** | **Mortgage Real Estate Investment Trusts (REITs) 0.1%** | **Mortgage Real Estate Investment Trusts (REITs) 0.1%** |
| Starwood Property Trust, Inc. | 11370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203864 |
| **Multi-Utilities 0.1%** | **Multi-Utilities 0.1%** | **Multi-Utilities 0.1%** |
| Public Service Enterprise Group, Inc. | &nbsp;&nbsp;3629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;298884 |
| **Oil, Gas & Consumable Fuels 1.1%** | **Oil, Gas & Consumable Fuels 1.1%** | **Oil, Gas & Consumable Fuels 1.1%** |
| Antero Midstream Corp. | 33632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;632954 |
| Expand Energy Corp. | &nbsp;&nbsp;3123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;351056 |
| ONEOK, Inc. | &nbsp;&nbsp;3656 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;289519 |
| Shell PLC, ADR | &nbsp;&nbsp;7974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;614237 |
| Williams Cos., Inc. (The) | 14849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;998744 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2886510 |
| **Personal Care Products 0.1%** | **Personal Care Products 0.1%** | **Personal Care Products 0.1%** |
| Estee Lauder Cos., Inc. (The) (Class A Stock) | &nbsp;&nbsp;2150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247852 |
| **Pharmaceuticals 0.6%** | **Pharmaceuticals 0.6%** | **Pharmaceuticals 0.6%** |
| AstraZeneca PLC (United Kingdom), ADR | &nbsp;&nbsp;8279 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;768043 |
| Eli Lilly & Co. | &nbsp;&nbsp;&nbsp;&nbsp;629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;652367 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1420410 |
| **Semiconductors & Semiconductor Equipment 0.8%** | **Semiconductors & Semiconductor Equipment 0.8%** | **Semiconductors & Semiconductor Equipment 0.8%** |
| Applied Materials, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;273972 |
| Broadcom, Inc. | &nbsp;&nbsp;3830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1268879 |
| Lam Research Corp. | &nbsp;&nbsp;1897 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;442874 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1985725 |
| **Software 0.1%** | **Software 0.1%** | **Software 0.1%** |
| Microsoft Corp. | &nbsp;&nbsp;&nbsp;&nbsp;771 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;331754 |
| **Specialized REITs 0.2%** | **Specialized REITs 0.2%** | **Specialized REITs 0.2%** |
| Digital Realty Trust, Inc. | &nbsp;&nbsp;2835 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;470468 |
| **Specialty Retail 0.4%** | **Specialty Retail 0.4%** | **Specialty Retail 0.4%** |
| O'Reilly Automotive, Inc.\* | &nbsp;&nbsp;9575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;942276 |
| **Technology Hardware, Storage & Peripherals 0.4%** | **Technology Hardware, Storage & Peripherals 0.4%** | **Technology Hardware, Storage & Peripherals 0.4%** |
| Apple, Inc. | &nbsp;&nbsp;3476 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;901953 |
| **Total Common Stocks<br> (cost $18,584,542)** | **Total Common Stocks<br> (cost $18,584,542)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33946763 |
| **Preferred Stocks 0.3%** | **Preferred Stocks 0.3%** | **Preferred Stocks 0.3%** |
| **Aerospace & Defense 0.1%** | **Aerospace & Defense 0.1%** | **Aerospace & Defense 0.1%** |
| Boeing Co. (The), CVT, 6.000%, Maturing 10/15/27 | &nbsp;&nbsp;3259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;243513 |

---

PGIM Income Builder Fund

------

### PGIM Income Builder Fund

### Schedule of Investments (unaudited) (continued)
as of January 31, 2026

---

| | | |
|:---|:---|:---|
| **Description** | **Shares** | &nbsp;&nbsp;**Value** |
| **Preferred Stocks (Continued)** | **Preferred Stocks (Continued)** | **Preferred Stocks (Continued)** |
| **Electric Utilities 0.2%** | **Electric Utilities 0.2%** | **Electric Utilities 0.2%** |
| NextEra Energy, Inc. , CVT, 7.234%, Maturing 11/01/27 | &nbsp;&nbsp;&nbsp;&nbsp;10076 | &nbsp;&nbsp; $514682 |
| **Total Preferred Stocks<br> (cost $656,674)** | **Total Preferred Stocks<br> (cost $656,674)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;758195 |
| **Unaffiliated Exchange-Traded Funds 6.1%** | **Unaffiliated Exchange-Traded Funds 6.1%** | **Unaffiliated Exchange-Traded Funds 6.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco Preferred ETF(a) | &nbsp;&nbsp;&nbsp;109417 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1246260 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares 0-5 Year High Yield Corporate Bond ETF | &nbsp;&nbsp;&nbsp;&nbsp;57695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2486655 |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares iBoxx $ High Yield Corporate Bond ETF(a) | &nbsp;&nbsp;&nbsp;&nbsp;49912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4048861 |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street SPDR Bloomberg Convertible Securities ETF(a) | &nbsp;&nbsp;&nbsp;&nbsp;79830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7456122 |
| **Total Unaffiliated Exchange-Traded Funds<br> (cost $13,657,330)** | **Total Unaffiliated Exchange-Traded Funds<br> (cost $13,657,330)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15237898 |
| **Total Long-Term Investments<br> (cost $212,400,202)** | **Total Long-Term Investments<br> (cost $212,400,202)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248943823 |
| **Short-Term Investments 4.8%** | **Short-Term Investments 4.8%** | **Short-Term Investments 4.8%** |
| **Affiliated Mutual Funds** | **Affiliated Mutual Funds** | **Affiliated Mutual Funds** |
| PGIM Core Ultra Short Bond Fund | &nbsp;&nbsp;2435821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2435821 |
| PGIM Institutional Money Market Fund (7-day effective yield 3.853%)<br> (cost $9,468,522; includes $9,439,153 of cash collateral for securities on loan)(b) | &nbsp;&nbsp;9474918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9469233 |
| **Total Short-Term Investments<br> (cost $11,904,343)(wa)** | **Total Short-Term Investments<br> (cost $11,904,343)(wa)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11905054 |
| **TOTAL INVESTMENTS 103.9%<br> (cost $224,304,545)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260848877 |
| Liabilities in excess of other assets (3.9)% | Liabilities in excess of other assets (3.9)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9701541) |
| **Net Assets 100.0%** | **Net Assets 100.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$251147336 |

---

------

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

---

| |
|:---|
| ADR—American Depositary Receipt |
| CVT—Convertible Security |
| ETF—Exchange-Traded Fund |
| iBoxx—Bond Market Indices |
| REITs—Real Estate Investment Trust |
| SPDR—Standard & Poor's Depositary Receipts |

---

\* Non-income producing security.

(a) All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $9,175,469; cash collateral of $9,439,153 (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.

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

Other information regarding the Fund is available in the Fund's most recent Report to Shareholders. This information is available on the Securities and Exchange Commission's website (www.sec.gov).

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Prudential Investment Portfolios 16

- **b. Investment Company Act file number:** 811-08915

- **c. CIK number of Registrant:** 0001067442

- **d. LEI of Registrant:** 549300SISFD2E4MXHE73

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

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

  - **City:** Newark

  - **State:** NJ

  - **Foreign country:** US

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

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

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

- **a. Name of Series:** PGIM Income Builder Fund

- **b. EDGAR series identifier (if any):** S000004703

- **c. LEI of Series:** XYZMTQ00ME3ISOV4JP63

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $261046934.22

**Total Liabilities:** $10185280.98

**Net Assets:** $250861653.24

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000012792 | 1.36%                | 0.36%                | 2.97%                |
| Class ID C000012793 | 1.38%                | 0.39%                | 3.08%                |
| Class ID C000012795 | 1.36%                | 0.21%                | 3.03%                |
| Class ID C000012796 | 1.38%                | 0.32%                | 3.16%                |
| Class ID C000176454 | 1.38%                | 0.32%                | 3.16%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $7215.43                 | $1139036.22                                |
| Month 2  | $472193.71               | $-4944423.58                               |
| Month 3  | $40316.88                | $7111567.21                                |

### Schedule of Portfolio Investments

| Name                                                   | Title                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Citigroup Inc                                          | Citigroup Inc                                          | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |      8426 | NS      | $974972.46    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                                               | RTX Corp                                               | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      4946 | NS      | $993799.78    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Midstream Corp                                  | Antero Midstream Corp                                  | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33632 | NS      | $632954.24    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                                     | NextEra Energy Inc                                     | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |      5581 | NS      | $490569.90    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                               | AT&T Inc                                               | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     34472 | NS      | $903511.12    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                                            | Vistra Corp                                            | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |      4851 | NS      | $768155.85    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp                                  | Truist Financial Corp                                  | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |     17166 | NS      | $882675.72    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc                                  | Applied Materials Inc                                  | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |       850 | NS      | $273972.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                                   | Williams Cos Inc/The                                   | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     14849 | NS      | $998743.74    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| PGIM Emerging Markets Debt Har                         | PGIM Emerging Markets Debt Har                         | CUSIP: 743969453<br>LEI: 5493008RPBIYQYY8NR30 | Long             | EC               | RF                | US        |   4739954 | NS      | $34838659.67  | 13.89%            |  |  |  | No            |                  1 | On Loan: No      |
| PGIM Core Conservative Bond Fund                       | PGIM Core Conservative Bond Fund                       | CUSIP: 74440E888<br>LEI: 549300VQ3ICK16NFQH95 | Long             | EC               | RF                | US        |   3255777 | NS      | $28390373.33  | 11.32%            |  |  |  | No            |                  1 | On Loan: No      |
| CSG NV                                                 | CSG NV                                                 | CUSIP: 000000000<br>LEI: 31570078IM9ILNPQUB16 | Long             | EC               | CORP              | CZ        |      2257 | NS      | $81744.86     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PGIM Core Ultra Short Bond Fund                        | PGIM Core Ultra Short Bond Fund                        | CUSIP: 000000000<br>LEI: 1VRLPVAWKZCB406TIT84 | Long             | STIV             | RF                | US        |   2520729 | NS      | $2520728.87   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                                    | JPMorgan Chase & Co                                    | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      2878 | NS      | $880351.42    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                                              | Safran SA                                              | CUSIP: 000000000<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |      3733 | NS      | $1333768.89   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| PGIM Quant Solutions International Equity Fund         | PGIM Quant Solutions International Equity Fund         | CUSIP: 743969578<br>LEI: 2JUUEZVKFN5LVIB9E450 | Long             | EC               | RF                | US        |   3067737 | NS      | $31413629.96  | 12.52%            |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc                                            | MetLife Inc                                            | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |      8557 | NS      | $674976.16    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens Energy AG                                      | Siemens Energy AG                                      | CUSIP: 000000000<br>LEI: 5299005CHJZ14D4FDJ62 | Long             | EC               | CORP              | DE        |      7672 | NS      | $1307156.14   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Waste Management Inc                                   | Waste Management Inc                                   | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |       775 | NS      | $172236.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares iBoxx $ High Yield Corporate Bond ETF          | iShares iBoxx $ High Yield Corporate Bond ETF          | CUSIP: 464288513<br>LEI: 549300FCCXHK7O37PQ68 | Long             | EC               | RF                | US        |     49912 | NS      | $4048861.44   | 1.61%             |  |  |  | No            |                  1 | On Loan: —       |
| CVS Health Corp                                        | CVS Health Corp                                        | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      8699 | NS      | $648249.48    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BCE Inc                                                | BCE Inc                                                | CUSIP: 05534B760<br>LEI: 5493001I9203PRB5KR45 | Long             | EC               | CORP              | CA        |     14077 | NS      | $364031.22    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| PGIM Active High Yield Bond ETF - Old IO fund          | PGIM Active High Yield Bond ETF - Old IO fund          | CUSIP: 69344A206<br>LEI: 549300F10UK98WW68156 | Long             | EC               | RF                | US        |    652371 | NS      | $23289644.70  | 9.28%             |  |  |  | No            |                  1 | On Loan: No      |
| PGIM Active Aggregate Bond ETF - Old IO fund           | PGIM Active Aggregate Bond ETF - Old IO fund           | CUSIP: 69344A701<br>LEI: 549300KFPDHWRO1PJP18 | Long             | EC               | RF                | US        |    464908 | NS      | $19925724.43  | 7.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                               | Visa Inc                                               | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      2325 | NS      | $748254.75    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                         | Microsoft Corp                                         | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |       771 | NS      | $331753.59    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                                         | GE Vernova Inc                                         | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |       591 | NS      | $429284.67    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                           | Broadcom Inc                                           | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      3830 | NS      | $1268879.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Starwood Property Trust Inc                            | Starwood Property Trust Inc                            | CUSIP: 85571B105<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | EC               | CORP              | US        |     11370 | NS      | $203864.10    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK Inc                                              | ONEOK Inc                                              | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |      3656 | NS      | $289518.64    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 0-5 Year High Yield Corporate Bond ETF         | iShares 0-5 Year High Yield Corporate Bond ETF         | CUSIP: 46434V407<br>LEI: 549300R96U5WQ7R5ID10 | Long             | EC               | RF                | US        |     57695 | NS      | $2486654.50   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                                           | Entergy Corp                                           | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |     10986 | NS      | $1053447.54   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                                        | AstraZeneca PLC                                        | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |      8279 | NS      | $768042.83    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                           | Alphabet Inc                                           | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      1562 | NS      | $527956.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                                      | Cisco Systems Inc                                      | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     13075 | NS      | $1024034.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| BOEING CO/THE                                          | Boeing Co/The                                          | CUSIP: 097023204<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EP               | CORP              | US        |      3259 | NS      | $243512.48    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                                              | Amgen Inc                                              | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      2351 | NS      | $803759.88    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The                                | Procter & Gamble Co/The                                | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      1094 | NS      | $166036.38    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PGIM Jennison Energy Infrastructure Fund               | PGIM Jennison Energy Infrastructure Fund               | CUSIP: 74440G859<br>LEI: 549300YY9XZDGNGBPW42 | Long             | EC               | RF                | US        |   4308702 | NS      | $27748042.06  | 11.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp                                   | Parker-Hannifin Corp                                   | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |       447 | NS      | $418320.48    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp                                     | Expand Energy Corp                                     | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      3123 | NS      | $351056.43    | 0.14%             |  |  |  | Yes           |                  1 | On Loan: No      |
| American Express Co                                    | American Express Co                                    | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      1681 | NS      | $591997.77    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The                                       | Coca-Cola Co/The                                       | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |      5220 | NS      | $390508.20    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp                                         | Starbucks Corp                                         | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |      4697 | NS      | $431889.15    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                            | Walmart Inc                                            | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      9574 | NS      | $1140646.36   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                                              | Shell PLC                                              | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |      7974 | NS      | $614237.22    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                              | Apple Inc                                              | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      3476 | NS      | $901952.48    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                                        | McDonald's Corp                                        | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      1427 | NS      | $449505.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Estee Lauder Cos Inc/The                               | Estee Lauder Cos Inc/The                               | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |      2150 | NS      | $247852.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PGIM Institutional Money Market Fund - D               | PGIM Institutional Money Market Fund - D               | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   9489959 | NS      | $9484264.71   | 3.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc                               | Digital Realty Trust Inc                               | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |      2835 | NS      | $470468.25    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                                             | AbbVie Inc                                             | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      4887 | NS      | $1089849.87   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corp                                  | Lincoln National Corp                                  | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |     10006 | NS      | $416349.66    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Preferred ETF                                  | Invesco Preferred ETF                                  | CUSIP: 46138E511<br>LEI: 549300J11Q08WEERN210 | Long             | EC               | RF                | US        |    109417 | NS      | $1246259.63   | 0.50%             |  |  |  | No            |                  1 | On Loan: —       |
| Prologis Inc                                           | Prologis Inc                                           | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |      3148 | NS      | $411002.88    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                                         | Eli Lilly & Co                                         | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |       629 | NS      | $652367.35    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp                                      | Lam Research Corp                                      | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      1897 | NS      | $442873.62    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                                        | Caterpillar Inc                                        | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      1361 | NS      | $894666.96    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc                                | O'Reilly Automotive Inc                                | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      9575 | NS      | $942275.75    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Service Enterprise Grou                         | Public Service Enterprise Group Inc                    | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |      3629 | NS      | $298884.44    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY INC                                     | NextEra Energy Inc                                     | CUSIP: 65339F119<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EP               | CORP              | US        |     10076 | NS      | $514682.08    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| PGIM Real Estate Income Fund                           | PGIM Real Estate Income Fund                           | CUSIP: 74441J670<br>LEI: 5493003LKC8FFCBL1V58 | Long             | EC               | RF                | US        |   4385945 | NS      | $32631431.26  | 13.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                                     | Union Pacific Corp                                     | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |       933 | NS      | $219348.30    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street SPDR Bloomberg Convertible Securities ETF | State Street SPDR Bloomberg Convertible Securities ETF | CUSIP: 78464A359<br>LEI: 549300IXKU3G7R6DMX93 | Long             | EC               | RF                | US        |     79830 | NS      | $7456122.00   | 2.97%             |  |  |  | No            |                  1 | On Loan: —       |
| PGIM Quant Solutions Emerging Markets Equity Fund      | PGIM Quant Solutions Emerging Markets Equity Fund      | CUSIP: 74440E706<br>LEI: 549300IYN8M51Z504A71 | Long             | EC               | RF                | US        |     33093 | NS      | $479844.74    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC                                          | Rio Tinto PLC                                          | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |      3970 | NS      | $361389.10    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| IBM                                                    | International Business Machines Corp                   | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      3988 | NS      | $1223119.60   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Rheinmetall AG                                         | Rheinmetall AG                                         | CUSIP: 000000000<br>LEI: 5299001OU9CSE29O6S05 | Long             | EC               | CORP              | DE        |       467 | NS      | $989501.85    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-30

**Name of Applicant:** Prudential Investment Portfolios 16

**Signature:** Christian J. Kelly

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

**Title:** Chief Financial Officer