# EDGAR Filing Document

**Accession Number:** 0001035018
**File Stem:** 0001193125-25-153735
**Filing Date:** 2025-7
**Character Count:** 250812
**Document Hash:** 16aa8e89560738514c04195d16aaad9c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-153735.hdr.sgml**: 20250701

**ACCESSION NUMBER**: 0001193125-25-153735

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 52

**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 INVESTMENT PORTFOLIOS, INC. 10
- **CENTRAL INDEX KEY:** 0001035018

**ORGANIZATION NAME:**
- **EIN:** 061483806
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08085
- **FILM NUMBER:** 251094742

**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:** STRATEGIC PARTNERS MUTUAL FUNDS, INC.
- **DATE OF NAME CHANGE:** 20040429

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMERICAN SKANDIA ADVISOR FUNDS INC
- **DATE OF NAME CHANGE:** 19970305

## Series and Classes Contracts Data

### PGIM QUANT SOLUTIONS MID-CAP VALUE FUND (Series ID: S000002179)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000005598 | CLASS A      | SPRAX           |
| C000005600 | CLASS C      | NCBVX           |
| C000060787 | CLASS Z      | SPVZX           |
| C000095828 | CLASS R6     | PMVQX           |
| C000150230 | Class R      | SDVRX           |
| C000198542 | Class R2     | PMVEX           |
| C000198543 | Class R4     | PMVFX           |

### PGIM JENNISON GLOBAL EQUITY INCOME FUND (Series ID: S000002192)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000005675 | CLASS A      | SPQAX           |
| C000005677 | CLASS C      | AGOCX           |
| C000068069 | CLASS Z      | JDEZX           |
| C000095829 | CLASS R6     | PJIQX           |
| C000095830 | CLASS R      | PJERX           |

?xml version='1.0' encoding='ASCII'? Prudential Investment Portfolios, Inc. 10

#### 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: | 811-08085 |
| Exact name of registrant as specified in charter: | Prudential Investment Portfolios, Inc. 10 |
| 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).

------

![](g942832g1tsrbanner.jpg)

PGIM Jennison Global Equity Income Fund

**Class A:** SPQAX

SEMIANNUAL SHAREHOLDER REPORT – April 30, 2025

This semiannual shareholder report contains important information about the Class A shares of PGIM Jennison Global Equity Income 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)

---

| | | |
|:---|:---|:---|
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| &nbsp;&nbsp;PGIM Jennison Global Equity Income Fund—Class <br>A<br>| $58 | 1.15% |

---

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

---

| | |
|:---|:---|
| Fund's net assets | $697721635 |
| Number of fund holdings | 50 |
| Portfolio turnover rate for the period | 4% |

---

MF203E2A

![](g942832g1pgim_investments.jpg)

------

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

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

---

| | |
|:---|:---|
| Industry Classification | % of Net <br>Assets<br>|
| Insurance | 15.5% |
| Oil, Gas & Consumable Fuels | 10.4% |
| Biotechnology | 6.6% |
| Electric Utilities | 6.1% |
| Banks | 6.1% |
| Semiconductors & Semiconductor Equipment | 6.0% |
| Pharmaceuticals | 4.7% |
| Multi-Utilities | 4.7% |
| Diversified Telecommunication Services | 3.0% |
| Technology Hardware, Storage & Peripherals | 2.9% |
| Industrial REITs | 2.9% |
| Consumer Staples Distribution & Retail | 2.8% |
| Specialized REITs | 2.5% |
| Automobile Components | 2.5% |
| Ground Transportation | 2.4% |
| Commercial Services & Supplies | 2.1% |
| Machinery | 2.0% |
| IT Services | 1.9% |
| Personal Care Products | 1.7% |

---

---

| | |
|:---|:---|
| Industry Classification | % of Net <br>Assets<br>|
| Construction & Engineering | 1.7% |
| Electronic Equipment, Instruments & Components | 1.5% |
| Hotels, Restaurants & Leisure | 1.5% |
| Software | 1.5% |
| Chemicals | 1.4% |
| Beverages | 1.0% |
| Household Products | 1.0% |
| Transportation Infrastructure | 1.0% |
| Electrical Equipment | 0.7% |
| Residential REITs | 0.7% |
| Affiliated Mutual Fund - Short-Term Investment <br>(0.1% represents investments purchased with <br>collateral from securities on loan)<br>| 0.3% |
| Others\* | 0.4% |
|  | 99.5% |
| Other assets in excess of liabilities | 0.5% |
|  | 100.0% |

---

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

\* Consists of Industries that each make up less than 0.5% of the Fund's net assets

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

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.

![](g942832g1qrcode_retailtsr.jpg)

To receive your fund documents online, go to **pgim.com/investments/resource/edelivery** and enroll.

**PGIM Jennison Global Equity Income Fund** 

SHARE CLASS A <br> NASDAQ SPQAX <br> CUSIP 74441L808

MF203E2A

![](g942832g1pgim_investments.jpg)

------

![](g942832g2tsrbanner.jpg)

PGIM Jennison Global Equity Income Fund

**Class C:** AGOCX

SEMIANNUAL SHAREHOLDER REPORT – April 30, 2025

This semiannual shareholder report contains important information about the Class C shares of PGIM Jennison Global Equity Income 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)

---

| | | |
|:---|:---|:---|
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| &nbsp;&nbsp;PGIM Jennison Global Equity Income Fund—Class <br>C<br>| $108 | 2.15% |

---

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

---

| | |
|:---|:---|
| Fund's net assets | $697721635 |
| Number of fund holdings | 50 |
| Portfolio turnover rate for the period | 4% |

---

MF203E2C

![](g942832g2pgim_investments.jpg)

------

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

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

---

| | |
|:---|:---|
| Industry Classification | % of Net <br>Assets<br>|
| Insurance | 15.5% |
| Oil, Gas & Consumable Fuels | 10.4% |
| Biotechnology | 6.6% |
| Electric Utilities | 6.1% |
| Banks | 6.1% |
| Semiconductors & Semiconductor Equipment | 6.0% |
| Pharmaceuticals | 4.7% |
| Multi-Utilities | 4.7% |
| Diversified Telecommunication Services | 3.0% |
| Technology Hardware, Storage & Peripherals | 2.9% |
| Industrial REITs | 2.9% |
| Consumer Staples Distribution & Retail | 2.8% |
| Specialized REITs | 2.5% |
| Automobile Components | 2.5% |
| Ground Transportation | 2.4% |
| Commercial Services & Supplies | 2.1% |
| Machinery | 2.0% |
| IT Services | 1.9% |
| Personal Care Products | 1.7% |

---

---

| | |
|:---|:---|
| Industry Classification | % of Net <br>Assets<br>|
| Construction & Engineering | 1.7% |
| Electronic Equipment, Instruments & Components | 1.5% |
| Hotels, Restaurants & Leisure | 1.5% |
| Software | 1.5% |
| Chemicals | 1.4% |
| Beverages | 1.0% |
| Household Products | 1.0% |
| Transportation Infrastructure | 1.0% |
| Electrical Equipment | 0.7% |
| Residential REITs | 0.7% |
| Affiliated Mutual Fund - Short-Term Investment <br>(0.1% represents investments purchased with <br>collateral from securities on loan)<br>| 0.3% |
| Others\* | 0.4% |
|  | 99.5% |
| Other assets in excess of liabilities | 0.5% |
|  | 100.0% |

---

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

\* Consists of Industries that each make up less than 0.5% of the Fund's net assets

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

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.

![](g942832g2qrcode_retailtsr.jpg)

To receive your fund documents online, go to **pgim.com/investments/resource/edelivery** and enroll.

**PGIM Jennison Global Equity Income Fund** 

SHARE CLASS C <br> NASDAQ AGOCX <br> CUSIP 74441L873

MF203E2C

![](g942832g2pgim_investments.jpg)

------

![](g942832g3tsrbanner.jpg)

PGIM Jennison Global Equity Income Fund

**Class R:** PJERX

SEMIANNUAL SHAREHOLDER REPORT – April 30, 2025

This semiannual shareholder report contains important information about the Class R shares of PGIM Jennison Global Equity Income 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)

---

| | | |
|:---|:---|:---|
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| &nbsp;&nbsp;PGIM Jennison Global Equity Income Fund—Class <br>R<br>| $76 | 1.51% |

---

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

---

| | |
|:---|:---|
| Fund's net assets | $697721635 |
| Number of fund holdings | 50 |
| Portfolio turnover rate for the period | 4% |

---

MF203E2R

![](g942832g3pgim_investments.jpg)

------

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

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

---

| | |
|:---|:---|
| Industry Classification | % of Net <br>Assets<br>|
| Insurance | 15.5% |
| Oil, Gas & Consumable Fuels | 10.4% |
| Biotechnology | 6.6% |
| Electric Utilities | 6.1% |
| Banks | 6.1% |
| Semiconductors & Semiconductor Equipment | 6.0% |
| Pharmaceuticals | 4.7% |
| Multi-Utilities | 4.7% |
| Diversified Telecommunication Services | 3.0% |
| Technology Hardware, Storage & Peripherals | 2.9% |
| Industrial REITs | 2.9% |
| Consumer Staples Distribution & Retail | 2.8% |
| Specialized REITs | 2.5% |
| Automobile Components | 2.5% |
| Ground Transportation | 2.4% |
| Commercial Services & Supplies | 2.1% |
| Machinery | 2.0% |
| IT Services | 1.9% |
| Personal Care Products | 1.7% |

---

---

| | |
|:---|:---|
| Industry Classification | % of Net <br>Assets<br>|
| Construction & Engineering | 1.7% |
| Electronic Equipment, Instruments & Components | 1.5% |
| Hotels, Restaurants & Leisure | 1.5% |
| Software | 1.5% |
| Chemicals | 1.4% |
| Beverages | 1.0% |
| Household Products | 1.0% |
| Transportation Infrastructure | 1.0% |
| Electrical Equipment | 0.7% |
| Residential REITs | 0.7% |
| Affiliated Mutual Fund - Short-Term Investment <br>(0.1% represents investments purchased with <br>collateral from securities on loan)<br>| 0.3% |
| Others\* | 0.4% |
|  | 99.5% |
| Other assets in excess of liabilities | 0.5% |
|  | 100.0% |

---

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

\* Consists of Industries that each make up less than 0.5% of the Fund's net assets

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

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.

![](g942832g3qrcode_retailtsr.jpg)

To receive your fund documents online, go to **pgim.com/investments/resource/edelivery** and enroll.

**PGIM Jennison Global Equity Income Fund** 

SHARE CLASS R <br> NASDAQ PJERX <br> CUSIP 74441L790

MF203E2R

![](g942832g3pgim_investments.jpg)

------

![](g942832g4tsrbanner.jpg)

PGIM Jennison Global Equity Income Fund

**Class Z:** JDEZX

SEMIANNUAL SHAREHOLDER REPORT – April 30, 2025

This semiannual shareholder report contains important information about the Class Z shares of PGIM Jennison Global Equity Income 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)

---

| | | |
|:---|:---|:---|
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| &nbsp;&nbsp;PGIM Jennison Global Equity Income Fund—Class <br>Z<br>| $45 | 0.90% |

---

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

---

| | |
|:---|:---|
| Fund's net assets | $697721635 |
| Number of fund holdings | 50 |
| Portfolio turnover rate for the period | 4% |

---

MF203E2Z

![](g942832g4pgim_investments.jpg)

------

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

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

---

| | |
|:---|:---|
| Industry Classification | % of Net <br>Assets<br>|
| Insurance | 15.5% |
| Oil, Gas & Consumable Fuels | 10.4% |
| Biotechnology | 6.6% |
| Electric Utilities | 6.1% |
| Banks | 6.1% |
| Semiconductors & Semiconductor Equipment | 6.0% |
| Pharmaceuticals | 4.7% |
| Multi-Utilities | 4.7% |
| Diversified Telecommunication Services | 3.0% |
| Technology Hardware, Storage & Peripherals | 2.9% |
| Industrial REITs | 2.9% |
| Consumer Staples Distribution & Retail | 2.8% |
| Specialized REITs | 2.5% |
| Automobile Components | 2.5% |
| Ground Transportation | 2.4% |
| Commercial Services & Supplies | 2.1% |
| Machinery | 2.0% |
| IT Services | 1.9% |
| Personal Care Products | 1.7% |

---

---

| | |
|:---|:---|
| Industry Classification | % of Net <br>Assets<br>|
| Construction & Engineering | 1.7% |
| Electronic Equipment, Instruments & Components | 1.5% |
| Hotels, Restaurants & Leisure | 1.5% |
| Software | 1.5% |
| Chemicals | 1.4% |
| Beverages | 1.0% |
| Household Products | 1.0% |
| Transportation Infrastructure | 1.0% |
| Electrical Equipment | 0.7% |
| Residential REITs | 0.7% |
| Affiliated Mutual Fund - Short-Term Investment <br>(0.1% represents investments purchased with <br>collateral from securities on loan)<br>| 0.3% |
| Others\* | 0.4% |
|  | 99.5% |
| Other assets in excess of liabilities | 0.5% |
|  | 100.0% |

---

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

\* Consists of Industries that each make up less than 0.5% of the Fund's net assets

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

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.

![](g942832g4qrcode_retailtsr.jpg)

To receive your fund documents online, go to **pgim.com/investments/resource/edelivery** and enroll.

**PGIM Jennison Global Equity Income Fund** 

SHARE CLASS Z <br> NASDAQ JDEZX <br> CUSIP 74441L832

MF203E2Z

![](g942832g4pgim_investments.jpg)

------

![](g942832g5tsrbanner.jpg)

PGIM Jennison Global Equity Income Fund

Class R6:

PJIQX

SEMIANNUAL SHAREHOLDER REPORT – April 30, 2025

This semiannual shareholder report contains important information about the Class R6 shares of PGIM Jennison Global Equity Income 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 Jennison Global Equity Income Fund—Class <br>R6<br>| $40 | 0.80% |

---

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

---

| | |
|:---|:---|
| Fund's net assets | $697721635<br>|
| Number of fund holdings | 50 |
| Portfolio turnover rate for the period | 4% |

---

MF203E2R6

![](g942832g5pgim_investments.jpg)

------

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

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

---

| | |
|:---|:---|
| Industry Classification | % of Net <br>Assets<br>|
| Insurance | 15.5% |
| Oil, Gas & Consumable Fuels | 10.4% |
| Biotechnology | 6.6% |
| Electric Utilities | 6.1% |
| Banks | 6.1% |
| Semiconductors & Semiconductor Equipment | 6.0% |
| Pharmaceuticals | 4.7% |
| Multi-Utilities | 4.7% |
| Diversified Telecommunication Services | 3.0% |
| Technology Hardware, Storage & Peripherals | 2.9% |
| Industrial REITs | 2.9% |
| Consumer Staples Distribution & Retail | 2.8% |
| Specialized REITs | 2.5% |
| Automobile Components | 2.5% |
| Ground Transportation | 2.4% |
| Commercial Services & Supplies | 2.1% |
| Machinery | 2.0% |
| IT Services | 1.9% |
| Personal Care Products | 1.7% |

---

---

| | |
|:---|:---|
| Industry Classification | % of Net <br>Assets<br>|
| Construction & Engineering | 1.7% |
| Electronic Equipment, Instruments & Components | 1.5% |
| Hotels, Restaurants & Leisure | 1.5% |
| Software | 1.5% |
| Chemicals | 1.4% |
| Beverages | 1.0% |
| Household Products | 1.0% |
| Transportation Infrastructure | 1.0% |
| Electrical Equipment | 0.7% |
| Residential REITs | 0.7% |
| Affiliated Mutual Fund - Short-Term Investment <br>(0.1% represents investments purchased with <br>collateral from securities on loan)<br>| 0.3% |
| Others\* | 0.4% |
|  | 99.5% |
| Other assets in excess of liabilities | 0.5% |
|  | 100.0% |

---

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

\* Consists of Industries that each make up less than 0.5% of the Fund's net assets

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

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.

![](g942832g5qrcode_retailtsr.jpg)

To receive your fund documents online, go to

pgim.com/investments/resource/edelivery

and enroll.

PGIM Jennison Global Equity Income Fund

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

SHARE CLASS R6 <br> NASDAQ PJIQX <br> CUSIP 74441L816

MF203E2R6

![](g942832g5pgim_investments.jpg)

------

![](g942832g6tsrbanner.jpg)

PGIM Quant Solutions Mid-Cap Value Fund

Class A:

SPRAX

SEMIANNUAL SHAREHOLDER REPORT – April 30, 2025

This semiannual shareholder report contains important information about the Class A shares of PGIM Quant Solutions Mid-Cap Value 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 Quant Solutions Mid-Cap Value Fund—Class <br>A<br>| $54 | 1.13% |

---

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

---

| | |
|:---|:---|
| Fund's net assets | $152260950<br>|
| Number of fund holdings | 248 |
| Portfolio turnover rate for the period | 56% |

---

MF202E2A

![](g942832g6pgim_investments.jpg)

------

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

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

---

| | |
|:---|:---|
| Industry Classification | % of Net <br>Assets<br>|
| Insurance | 9.6% |
| Electric Utilities | 4.1% |
| Machinery | 4.1% |
| IT Services | 3.9% |
| Media | 3.5% |
| Consumer Staples Distribution & Retail | 3.5% |
| Capital Markets | 3.4% |
| Software | 3.4% |
| Biotechnology | 3.4% |
| Life Sciences Tools & Services | 3.3% |
| Banks | 3.3% |
| Food Products | 3.3% |
| Oil, Gas & Consumable Fuels | 3.1% |
| Health Care Providers & Services | 3.1% |
| Multi-Utilities | 3.0% |
| Electronic Equipment, Instruments & Components | 2.5% |
| Hotels, Restaurants & Leisure | 2.4% |
| Specialized REITs | 2.4% |
| Pharmaceuticals | 1.9% |
| Chemicals | 1.8% |
| Gas Utilities | 1.8% |
| Retail REITs | 1.7% |
| Building Products | 1.7% |
| Professional Services | 1.6% |
| Specialty Retail | 1.5% |
| Aerospace & Defense | 1.4% |
| Independent Power & Renewable Electricity <br>Producers<br>| 1.3% |
| Diversified Consumer Services | 1.3% |

---

---

| | |
|:---|:---|
| Industry Classification | % of Net <br>Assets<br>|
| Affiliated Mutual Fund - Short-Term Investment <br>(1.0% represents investments purchased with <br>collateral from securities on loan)<br>| 1.2% |
| Real Estate Management & Development | 1.2% |
| Passenger Airlines | 1.1% |
| Metals & Mining | 1.1% |
| Communications Equipment | 1.0% |
| Financial Services | 0.9% |
| Consumer Finance | 0.9% |
| Technology Hardware, Storage & Peripherals | 0.9% |
| Semiconductors & Semiconductor Equipment | 0.8% |
| Household Durables | 0.8% |
| Entertainment | 0.8% |
| Beverages | 0.8% |
| Trading Companies & Distributors | 0.8% |
| Textiles, Apparel & Luxury Goods | 0.8% |
| Construction & Engineering | 0.7% |
| Containers & Packaging | 0.7% |
| Automobile Components | 0.7% |
| Mortgage Real Estate Investment Trusts (REITs) | 0.7% |
| Diversified Telecommunication Services | 0.5% |
| Personal Care Products | 0.5% |
| Others\* | 2.9% |
|  | 101.1% |
| Liabilities in excess of other assets | (1.1)% |
|  | 100.0% |

---

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

\* Consists of Industries that each make up less than 0.5% of the Fund's net assets

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

------

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.

![](g942832g6qrcode_retailtsr.jpg)

To receive your fund documents online, go to

pgim.com/investments/resource/edelivery

and enroll.

PGIM Quant Solutions Mid-Cap Value Fund

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

SHARE CLASS A <br> NASDAQ SPRAX <br> CUSIP 74441L105

MF202E2A

![](g942832g6pgim_investments.jpg)

------

![](g942832g7tsrbanner.jpg)

PGIM Quant Solutions Mid-Cap Value Fund

**Class C:** NCBVX

SEMIANNUAL SHAREHOLDER REPORT – April 30, 2025

This semiannual shareholder report contains important information about the Class C shares of PGIM Quant Solutions Mid-Cap Value 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)

---

| | | |
|:---|:---|:---|
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| &nbsp;&nbsp;PGIM Quant Solutions Mid-Cap Value Fund—Class <br>C<br>| $94 | 1.95% |

---

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

---

| | |
|:---|:---|
| Fund's net assets | $152260950 |
| Number of fund holdings | 248 |
| Portfolio turnover rate for the period | 56% |

---

MF202E2C

![](g942832g7pgim_investments.jpg)

------

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

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

---

| | |
|:---|:---|
| Industry Classification | % of Net <br>Assets<br>|
| Insurance | 9.6% |
| Electric Utilities | 4.1% |
| Machinery | 4.1% |
| IT Services | 3.9% |
| Media | 3.5% |
| Consumer Staples Distribution & Retail | 3.5% |
| Capital Markets | 3.4% |
| Software | 3.4% |
| Biotechnology | 3.4% |
| Life Sciences Tools & Services | 3.3% |
| Banks | 3.3% |
| Food Products | 3.3% |
| Oil, Gas & Consumable Fuels | 3.1% |
| Health Care Providers & Services | 3.1% |
| Multi-Utilities | 3.0% |
| Electronic Equipment, Instruments & Components | 2.5% |
| Hotels, Restaurants & Leisure | 2.4% |
| Specialized REITs | 2.4% |
| Pharmaceuticals | 1.9% |
| Chemicals | 1.8% |
| Gas Utilities | 1.8% |
| Retail REITs | 1.7% |
| Building Products | 1.7% |
| Professional Services | 1.6% |
| Specialty Retail | 1.5% |
| Aerospace & Defense | 1.4% |
| Independent Power & Renewable Electricity <br>Producers<br>| 1.3% |
| Diversified Consumer Services | 1.3% |

---

---

| | |
|:---|:---|
| Industry Classification | % of Net <br>Assets<br>|
| Affiliated Mutual Fund - Short-Term Investment <br>(1.0% represents investments purchased with <br>collateral from securities on loan)<br>| 1.2% |
| Real Estate Management & Development | 1.2% |
| Passenger Airlines | 1.1% |
| Metals & Mining | 1.1% |
| Communications Equipment | 1.0% |
| Financial Services | 0.9% |
| Consumer Finance | 0.9% |
| Technology Hardware, Storage & Peripherals | 0.9% |
| Semiconductors & Semiconductor Equipment | 0.8% |
| Household Durables | 0.8% |
| Entertainment | 0.8% |
| Beverages | 0.8% |
| Trading Companies & Distributors | 0.8% |
| Textiles, Apparel & Luxury Goods | 0.8% |
| Construction & Engineering | 0.7% |
| Containers & Packaging | 0.7% |
| Automobile Components | 0.7% |
| Mortgage Real Estate Investment Trusts (REITs) | 0.7% |
| Diversified Telecommunication Services | 0.5% |
| Personal Care Products | 0.5% |
| Others\* | 2.9% |
|  | 101.1% |
| Liabilities in excess of other assets | (1.1)% |
|  | 100.0% |

---

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

\* Consists of Industries that each make up less than 0.5% of the Fund's net assets

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

------

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.

![](g942832g7qrcode_retailtsr.jpg)

To receive your fund documents online, go to **pgim.com/investments/resource/edelivery** and enroll.

**PGIM Quant Solutions Mid-Cap Value Fund** 

SHARE CLASS C <br> NASDAQ NCBVX <br> CUSIP 74441L303

MF202E2C

![](g942832g7pgim_investments.jpg)

------

![](g942832g8tsrbanner.jpg)

PGIM Quant Solutions Mid-Cap Value Fund

**Class R:** SDVRX

SEMIANNUAL SHAREHOLDER REPORT – April 30, 2025

This semiannual shareholder report contains important information about the Class R shares of PGIM Quant Solutions Mid-Cap Value 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)

---

| | | |
|:---|:---|:---|
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| &nbsp;&nbsp;PGIM Quant Solutions Mid-Cap Value Fund—Class <br>R<br>| $70 | 1.45% |

---

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

---

| | |
|:---|:---|
| Fund's net assets | $152260950 |
| Number of fund holdings | 248 |
| Portfolio turnover rate for the period | 56% |

---

MF202E2R

![](g942832g8pgim_investments.jpg)

------

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

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

---

| | |
|:---|:---|
| Industry Classification | % of Net <br>Assets<br>|
| Insurance | 9.6% |
| Electric Utilities | 4.1% |
| Machinery | 4.1% |
| IT Services | 3.9% |
| Media | 3.5% |
| Consumer Staples Distribution & Retail | 3.5% |
| Capital Markets | 3.4% |
| Software | 3.4% |
| Biotechnology | 3.4% |
| Life Sciences Tools & Services | 3.3% |
| Banks | 3.3% |
| Food Products | 3.3% |
| Oil, Gas & Consumable Fuels | 3.1% |
| Health Care Providers & Services | 3.1% |
| Multi-Utilities | 3.0% |
| Electronic Equipment, Instruments & Components | 2.5% |
| Hotels, Restaurants & Leisure | 2.4% |
| Specialized REITs | 2.4% |
| Pharmaceuticals | 1.9% |
| Chemicals | 1.8% |
| Gas Utilities | 1.8% |
| Retail REITs | 1.7% |
| Building Products | 1.7% |
| Professional Services | 1.6% |
| Specialty Retail | 1.5% |
| Aerospace & Defense | 1.4% |
| Independent Power & Renewable Electricity <br>Producers<br>| 1.3% |
| Diversified Consumer Services | 1.3% |

---

---

| | |
|:---|:---|
| Industry Classification | % of Net <br>Assets<br>|
| Affiliated Mutual Fund - Short-Term Investment <br>(1.0% represents investments purchased with <br>collateral from securities on loan)<br>| 1.2% |
| Real Estate Management & Development | 1.2% |
| Passenger Airlines | 1.1% |
| Metals & Mining | 1.1% |
| Communications Equipment | 1.0% |
| Financial Services | 0.9% |
| Consumer Finance | 0.9% |
| Technology Hardware, Storage & Peripherals | 0.9% |
| Semiconductors & Semiconductor Equipment | 0.8% |
| Household Durables | 0.8% |
| Entertainment | 0.8% |
| Beverages | 0.8% |
| Trading Companies & Distributors | 0.8% |
| Textiles, Apparel & Luxury Goods | 0.8% |
| Construction & Engineering | 0.7% |
| Containers & Packaging | 0.7% |
| Automobile Components | 0.7% |
| Mortgage Real Estate Investment Trusts (REITs) | 0.7% |
| Diversified Telecommunication Services | 0.5% |
| Personal Care Products | 0.5% |
| Others\* | 2.9% |
|  | 101.1% |
| Liabilities in excess of other assets | (1.1)% |
|  | 100.0% |

---

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

\* Consists of Industries that each make up less than 0.5% of the Fund's net assets

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

------

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.

![](g942832g8qrcode_retailtsr.jpg)

To receive your fund documents online, go to **pgim.com/investments/resource/edelivery** and enroll.

**PGIM Quant Solutions Mid-Cap Value Fund** 

SHARE CLASS R <br> NASDAQ SDVRX <br> CUSIP 74441L782

MF202E2R

![](g942832g8pgim_investments.jpg)

------

![](g942832g9tsrbanner.jpg)

PGIM Quant Solutions Mid-Cap Value Fund

**Class Z:** SPVZX

SEMIANNUAL SHAREHOLDER REPORT – April 30, 2025

This semiannual shareholder report contains important information about the Class Z shares of PGIM Quant Solutions Mid-Cap Value 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)

---

| | | |
|:---|:---|:---|
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| &nbsp;&nbsp;PGIM Quant Solutions Mid-Cap Value Fund—Class <br>Z<br>| $43 | 0.89% |

---

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

---

| | |
|:---|:---|
| Fund's net assets | $152260950 |
| Number of fund holdings | 248 |
| Portfolio turnover rate for the period | 56% |

---

MF202E2Z

![](g942832g9pgim_investments.jpg)

------

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

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

---

| | |
|:---|:---|
| Industry Classification | % of Net <br>Assets<br>|
| Insurance | 9.6% |
| Electric Utilities | 4.1% |
| Machinery | 4.1% |
| IT Services | 3.9% |
| Media | 3.5% |
| Consumer Staples Distribution & Retail | 3.5% |
| Capital Markets | 3.4% |
| Software | 3.4% |
| Biotechnology | 3.4% |
| Life Sciences Tools & Services | 3.3% |
| Banks | 3.3% |
| Food Products | 3.3% |
| Oil, Gas & Consumable Fuels | 3.1% |
| Health Care Providers & Services | 3.1% |
| Multi-Utilities | 3.0% |
| Electronic Equipment, Instruments & Components | 2.5% |
| Hotels, Restaurants & Leisure | 2.4% |
| Specialized REITs | 2.4% |
| Pharmaceuticals | 1.9% |
| Chemicals | 1.8% |
| Gas Utilities | 1.8% |
| Retail REITs | 1.7% |
| Building Products | 1.7% |
| Professional Services | 1.6% |
| Specialty Retail | 1.5% |
| Aerospace & Defense | 1.4% |
| Independent Power & Renewable Electricity <br>Producers<br>| 1.3% |
| Diversified Consumer Services | 1.3% |

---

---

| | |
|:---|:---|
| Industry Classification | % of Net <br>Assets<br>|
| Affiliated Mutual Fund - Short-Term Investment <br>(1.0% represents investments purchased with <br>collateral from securities on loan)<br>| 1.2% |
| Real Estate Management & Development | 1.2% |
| Passenger Airlines | 1.1% |
| Metals & Mining | 1.1% |
| Communications Equipment | 1.0% |
| Financial Services | 0.9% |
| Consumer Finance | 0.9% |
| Technology Hardware, Storage & Peripherals | 0.9% |
| Semiconductors & Semiconductor Equipment | 0.8% |
| Household Durables | 0.8% |
| Entertainment | 0.8% |
| Beverages | 0.8% |
| Trading Companies & Distributors | 0.8% |
| Textiles, Apparel & Luxury Goods | 0.8% |
| Construction & Engineering | 0.7% |
| Containers & Packaging | 0.7% |
| Automobile Components | 0.7% |
| Mortgage Real Estate Investment Trusts (REITs) | 0.7% |
| Diversified Telecommunication Services | 0.5% |
| Personal Care Products | 0.5% |
| Others\* | 2.9% |
|  | 101.1% |
| Liabilities in excess of other assets | (1.1)% |
|  | 100.0% |

---

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

\* Consists of Industries that each make up less than 0.5% of the Fund's net assets

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

------

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.

![](g942832g9qrcode_retailtsr.jpg)

To receive your fund documents online, go to **pgim.com/investments/resource/edelivery** and enroll.

**PGIM Quant Solutions Mid-Cap Value Fund** 

SHARE CLASS Z <br> NASDAQ SPVZX <br> CUSIP 74441L709

MF202E2Z

![](g942832g9pgim_investments.jpg)

------

![](g942832g10tsrbanner.jpg)

PGIM Quant Solutions Mid-Cap Value Fund

**Class R2:** PMVEX

SEMIANNUAL SHAREHOLDER REPORT – April 30, 2025

This semiannual shareholder report contains important information about the Class R2 shares of PGIM Quant Solutions Mid-Cap Value 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)

---

| | | |
|:---|:---|:---|
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| &nbsp;&nbsp;PGIM Quant Solutions Mid-Cap Value Fund—Class <br>R2<br>| $59 | 1.23% |

---

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

---

| | |
|:---|:---|
| Fund's net assets | $152260950 |
| Number of fund holdings | 248 |
| Portfolio turnover rate for the period | 56% |

---

MF202E2R2

![](g942832g10pgim_investments.jpg)

------

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

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

---

| | |
|:---|:---|
| Industry Classification | % of Net <br>Assets<br>|
| Insurance | 9.6% |
| Electric Utilities | 4.1% |
| Machinery | 4.1% |
| IT Services | 3.9% |
| Media | 3.5% |
| Consumer Staples Distribution & Retail | 3.5% |
| Capital Markets | 3.4% |
| Software | 3.4% |
| Biotechnology | 3.4% |
| Life Sciences Tools & Services | 3.3% |
| Banks | 3.3% |
| Food Products | 3.3% |
| Oil, Gas & Consumable Fuels | 3.1% |
| Health Care Providers & Services | 3.1% |
| Multi-Utilities | 3.0% |
| Electronic Equipment, Instruments & Components | 2.5% |
| Hotels, Restaurants & Leisure | 2.4% |
| Specialized REITs | 2.4% |
| Pharmaceuticals | 1.9% |
| Chemicals | 1.8% |
| Gas Utilities | 1.8% |
| Retail REITs | 1.7% |
| Building Products | 1.7% |
| Professional Services | 1.6% |
| Specialty Retail | 1.5% |
| Aerospace & Defense | 1.4% |
| Independent Power & Renewable Electricity <br>Producers<br>| 1.3% |
| Diversified Consumer Services | 1.3% |

---

---

| | |
|:---|:---|
| Industry Classification | % of Net <br>Assets<br>|
| Affiliated Mutual Fund - Short-Term Investment <br>(1.0% represents investments purchased with <br>collateral from securities on loan)<br>| 1.2% |
| Real Estate Management & Development | 1.2% |
| Passenger Airlines | 1.1% |
| Metals & Mining | 1.1% |
| Communications Equipment | 1.0% |
| Financial Services | 0.9% |
| Consumer Finance | 0.9% |
| Technology Hardware, Storage & Peripherals | 0.9% |
| Semiconductors & Semiconductor Equipment | 0.8% |
| Household Durables | 0.8% |
| Entertainment | 0.8% |
| Beverages | 0.8% |
| Trading Companies & Distributors | 0.8% |
| Textiles, Apparel & Luxury Goods | 0.8% |
| Construction & Engineering | 0.7% |
| Containers & Packaging | 0.7% |
| Automobile Components | 0.7% |
| Mortgage Real Estate Investment Trusts (REITs) | 0.7% |
| Diversified Telecommunication Services | 0.5% |
| Personal Care Products | 0.5% |
| Others\* | 2.9% |
|  | 101.1% |
| Liabilities in excess of other assets | (1.1)% |
|  | 100.0% |

---

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

\* Consists of Industries that each make up less than 0.5% of the Fund's net assets

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

------

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.

![](g942832g10qrcode_retailtsr.jpg)

To receive your fund documents online, go to **pgim.com/investments/resource/edelivery** and enroll.

**PGIM Quant Solutions Mid-Cap Value Fund** 

SHARE CLASS R2 <br> NASDAQ PMVEX <br> CUSIP 74441L758

MF202E2R2

![](g942832g10pgim_investments.jpg)

------

![](g942832g11tsrbanner.jpg)

PGIM Quant Solutions Mid-Cap Value Fund

**Class R4:** PMVFX

SEMIANNUAL SHAREHOLDER REPORT – April 30, 2025

This semiannual shareholder report contains important information about the Class R4 shares of PGIM Quant Solutions Mid-Cap Value 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)

---

| | | |
|:---|:---|:---|
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| &nbsp;&nbsp;PGIM Quant Solutions Mid-Cap Value Fund—Class <br>R4<br>| $47 | 0.98% |

---

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

---

| | |
|:---|:---|
| Fund's net assets | $152260950 |
| Number of fund holdings | 248 |
| Portfolio turnover rate for the period | 56% |

---

MF202E2R4

![](g942832g11pgim_investments.jpg)

------

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

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

---

| | |
|:---|:---|
| Industry Classification | % of Net <br>Assets<br>|
| Insurance | 9.6% |
| Electric Utilities | 4.1% |
| Machinery | 4.1% |
| IT Services | 3.9% |
| Media | 3.5% |
| Consumer Staples Distribution & Retail | 3.5% |
| Capital Markets | 3.4% |
| Software | 3.4% |
| Biotechnology | 3.4% |
| Life Sciences Tools & Services | 3.3% |
| Banks | 3.3% |
| Food Products | 3.3% |
| Oil, Gas & Consumable Fuels | 3.1% |
| Health Care Providers & Services | 3.1% |
| Multi-Utilities | 3.0% |
| Electronic Equipment, Instruments & Components | 2.5% |
| Hotels, Restaurants & Leisure | 2.4% |
| Specialized REITs | 2.4% |
| Pharmaceuticals | 1.9% |
| Chemicals | 1.8% |
| Gas Utilities | 1.8% |
| Retail REITs | 1.7% |
| Building Products | 1.7% |
| Professional Services | 1.6% |
| Specialty Retail | 1.5% |
| Aerospace & Defense | 1.4% |
| Independent Power & Renewable Electricity <br>Producers<br>| 1.3% |
| Diversified Consumer Services | 1.3% |

---

---

| | |
|:---|:---|
| Industry Classification | % of Net <br>Assets<br>|
| Affiliated Mutual Fund - Short-Term Investment <br>(1.0% represents investments purchased with <br>collateral from securities on loan)<br>| 1.2% |
| Real Estate Management & Development | 1.2% |
| Passenger Airlines | 1.1% |
| Metals & Mining | 1.1% |
| Communications Equipment | 1.0% |
| Financial Services | 0.9% |
| Consumer Finance | 0.9% |
| Technology Hardware, Storage & Peripherals | 0.9% |
| Semiconductors & Semiconductor Equipment | 0.8% |
| Household Durables | 0.8% |
| Entertainment | 0.8% |
| Beverages | 0.8% |
| Trading Companies & Distributors | 0.8% |
| Textiles, Apparel & Luxury Goods | 0.8% |
| Construction & Engineering | 0.7% |
| Containers & Packaging | 0.7% |
| Automobile Components | 0.7% |
| Mortgage Real Estate Investment Trusts (REITs) | 0.7% |
| Diversified Telecommunication Services | 0.5% |
| Personal Care Products | 0.5% |
| Others\* | 2.9% |
|  | 101.1% |
| Liabilities in excess of other assets | (1.1)% |
|  | 100.0% |

---

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

\* Consists of Industries that each make up less than 0.5% of the Fund's net assets

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

------

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.

![](g942832g11qrcode_retailtsr.jpg)

To receive your fund documents online, go to **pgim.com/investments/resource/edelivery** and enroll.

**PGIM Quant Solutions Mid-Cap Value Fund** 

SHARE CLASS R4 <br> NASDAQ PMVFX <br> CUSIP 74441L741

MF202E2R4

![](g942832g11pgim_investments.jpg)

------

![](g942832g12tsrbanner.jpg)

PGIM Quant Solutions Mid-Cap Value Fund

**Class R6:** PMVQX

SEMIANNUAL SHAREHOLDER REPORT – April 30, 2025

This semiannual shareholder report contains important information about the Class R6 shares of PGIM Quant Solutions Mid-Cap Value 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)

---

| | | |
|:---|:---|:---|
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| &nbsp;&nbsp;PGIM Quant Solutions Mid-Cap Value Fund—Class <br>R6<br>| $35 | 0.73% |

---

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

---

| | |
|:---|:---|
| Fund's net assets | $152260950 |
| Number of fund holdings | 248 |
| Portfolio turnover rate for the period | 56% |

---

MF202E2R6

![](g942832g12pgim_investments.jpg)

------

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

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

---

| | |
|:---|:---|
| Industry Classification | % of Net <br>Assets<br>|
| Insurance | 9.6% |
| Electric Utilities | 4.1% |
| Machinery | 4.1% |
| IT Services | 3.9% |
| Media | 3.5% |
| Consumer Staples Distribution & Retail | 3.5% |
| Capital Markets | 3.4% |
| Software | 3.4% |
| Biotechnology | 3.4% |
| Life Sciences Tools & Services | 3.3% |
| Banks | 3.3% |
| Food Products | 3.3% |
| Oil, Gas & Consumable Fuels | 3.1% |
| Health Care Providers & Services | 3.1% |
| Multi-Utilities | 3.0% |
| Electronic Equipment, Instruments & Components | 2.5% |
| Hotels, Restaurants & Leisure | 2.4% |
| Specialized REITs | 2.4% |
| Pharmaceuticals | 1.9% |
| Chemicals | 1.8% |
| Gas Utilities | 1.8% |
| Retail REITs | 1.7% |
| Building Products | 1.7% |
| Professional Services | 1.6% |
| Specialty Retail | 1.5% |
| Aerospace & Defense | 1.4% |
| Independent Power & Renewable Electricity <br>Producers<br>| 1.3% |
| Diversified Consumer Services | 1.3% |

---

---

| | |
|:---|:---|
| Industry Classification | % of Net <br>Assets<br>|
| Affiliated Mutual Fund - Short-Term Investment <br>(1.0% represents investments purchased with <br>collateral from securities on loan)<br>| 1.2% |
| Real Estate Management & Development | 1.2% |
| Passenger Airlines | 1.1% |
| Metals & Mining | 1.1% |
| Communications Equipment | 1.0% |
| Financial Services | 0.9% |
| Consumer Finance | 0.9% |
| Technology Hardware, Storage & Peripherals | 0.9% |
| Semiconductors & Semiconductor Equipment | 0.8% |
| Household Durables | 0.8% |
| Entertainment | 0.8% |
| Beverages | 0.8% |
| Trading Companies & Distributors | 0.8% |
| Textiles, Apparel & Luxury Goods | 0.8% |
| Construction & Engineering | 0.7% |
| Containers & Packaging | 0.7% |
| Automobile Components | 0.7% |
| Mortgage Real Estate Investment Trusts (REITs) | 0.7% |
| Diversified Telecommunication Services | 0.5% |
| Personal Care Products | 0.5% |
| Others\* | 2.9% |
|  | 101.1% |
| Liabilities in excess of other assets | (1.1)% |
|  | 100.0% |

---

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

\* Consists of Industries that each make up less than 0.5% of the Fund's net assets

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

------

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.

![](g942832g12qrcode_retailtsr.jpg)

To receive your fund documents online, go to **pgim.com/investments/resource/edelivery** and enroll.

**PGIM Quant Solutions Mid-Cap Value Fund** 

SHARE CLASS R6 <br> NASDAQ PMVQX <br> CUSIP 74441L824

MF202E2R6

![](g942832g12pgim_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](g942832g01g01.jpg)

## PRUDENTIAL INVESTMENT PORTFOLIOS, INC. 10
PGIM Jennison Global Equity Income Fund

PGIM Quant Solutions Mid-Cap Value Fund

   

#### FINANCIAL STATEMENTS AND OTHER INFORMATION

#### APRIL 30, 2025
![LOGO](g942832g76c84.jpg)

------

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

**Form N-CSR Item7** - Financial Statements and Financial Highlights for Open-End Management Investment Companies.

---

| | |
|:---|:---|
|  [Glossary](#edgar942832_1) | 1 |
|  [PGIM Jennison Global Equity Income Fund](#edgar942832_2) | 2 |
|  [PGIM Quant Solutions Mid-Cap Value Fund](#edgar942832_3) | 16 |
|  [Notes to Financial Statements](#edgar942832_4) | 42 |

---

[**Other Information -** Form N-CSR Items 8-11](#edgar942832_5)

------

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

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.

ADR—American Depositary Receipt

CVT—Convertible Security

ETF—Exchange-Traded Fund

REITs—Real Estate Investment Trust

SOFR—Secured Overnight Financing Rate

UTS—Unit Trust Security

------

PGIM Jennison Global Equity Income Fund

Schedule of Investments (unaudited)

as of April 30, 2025

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

---

| | | |
|:---|:---|:---|
| **Description** | **Shares** | **Value** |
| &nbsp;&nbsp; **LONG-TERM INVESTMENTS 99.2%** |  |  |
| &nbsp;&nbsp; **COMMON STOCKS 97.0%** |  |  |
| &nbsp;&nbsp; **Australia 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transurban Group, UTS | 765174 | $6895267 |
| &nbsp;&nbsp; **Canada 7.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BCE, Inc. | 310182 | 6893933 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canadian National Railway Co. | 73620 | 7127888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Enbridge, Inc. | 552390 | 25832427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pembina Pipeline Corp. | 288713 | 11036686 |
|  |  | 50890934 |
| &nbsp;&nbsp; **France 12.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AXA SA | 943420 | 44619900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cie Generale des Etablissements Michelin SCA | 476521 | 17424336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Orange SA | 967107 | 14030836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vinci SA | 84298 | 11841110 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87916182 |
| &nbsp;&nbsp; **Italy 3.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Enel SpA | 3119003 | 27038548 |
| &nbsp;&nbsp; **South Korea 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Samsung Electronics Co. Ltd. | 101653 | 3966250 |
| &nbsp;&nbsp; **Switzerland 4.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Zurich Insurance Group AG | 47138 | 33433608 |
| &nbsp;&nbsp; **United Kingdom 8.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AstraZeneca PLC, ADR | 221970 | 15935226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; National Grid PLC | 2266921 | 32720972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unilever PLC | 186891 | 11899330 |
|  |  | 60555528 |
| &nbsp;&nbsp; **United States 58.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AbbVie, Inc. | 181776 | 35464498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Air Products & Chemicals, Inc. | 16838 | 4564613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amgen, Inc. | 36107 | 10504248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apple, Inc. | 76722 | 16303425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Broadcom, Inc. | 97224 | 18712703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Camden Property Trust, REIT | 43898 | 4995592 |

---

See Notes to Financial Statements.

------

PGIM Jennison Global Equity Income Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

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

---

| | | |
|:---|:---|:---|
| **Description** | **Shares** | **Value** |
|  **COMMON STOCKS (Continued)** |  |  |
| **United States (cont'd.)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Caterpillar, Inc. | 45815 | $14169205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corning, Inc. | 239889 | 10646274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Darden Restaurants, Inc. | 19417 | 3895827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gaming & Leisure Properties, Inc., REIT | 365594 | 17497329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gateway Energy & Resource Holdings LLC Private Placement, 144A\*^(x) | 100000 | 20900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; International Business Machines Corp. | 53872 | 13027327 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Chase & Co. | 128095 | 31334599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lam Research Corp. | 156595 | 11223164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Linde PLC(a) | 12053 | 5462781 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; McDonald's Corp. | 20511 | 6556341 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MetLife, Inc. | 392731 | 29600135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Microsoft Corp. | 26329 | 10406801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NextEra Energy, Inc. | 48344 | 3233247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PepsiCo, Inc. | 51917 | 7038907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc. (The) | 68768 | 11050330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Procter & Gamble Co. (The) | 42952 | 6982707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prologis, Inc., REIT | 197769 | 20211992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Republic Services, Inc. | 58349 | 14631012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sanofi SA | 157118 | 17187425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Schneider Electric SE | 21990 | 5137871 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shell PLC, ADR | 289257 | 18651291 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Texas Instruments, Inc. | 73866 | 11822253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Union Pacific Corp. | 45190 | 9745675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Walmart, Inc. | 204152 | 19853782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Williams Cos., Inc. (The) | 275207 | 16118874 |
|  |  | 406051128 |
|  **TOTAL COMMON STOCKS**<br> (cost $466,982,428) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;676747445 |
| **PREFERRED STOCKS 2.2%** |  |  |
| **United States** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Boeing Co. (The), CVT, 6.000%, Maturing 10/15/27 | 46741 | 2868962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PG&E Corp. , CVT, 6.000%, Series A, Maturing 12/01/27 | 279165 | 12140886 |
|  **TOTAL PREFERRED STOCKS** <br> (cost $16,524,465) |  | 15009848 |
|  **TOTAL LONG-TERM INVESTMENTS** <br> (cost $483,506,893) |  | 691757293 |

---

See Notes to Financial Statements.

PGIM Jennison Global Equity Income Fund 3

------

PGIM Jennison Global Equity Income Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

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

---

| | | |
|:---|:---|:---|
| **Description** | **Shares** | **Value** |
|  **SHORT-TERM INVESTMENTS 0.3%** |  |  |
|  **AFFILIATED MUTUAL FUNDS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PGIM Core Government Money Market Fund (7-day effective yield 4.478%)(wb) | 1613812 | $1613812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PGIM Institutional Money Market Fund (7-day effective yield 4.540%)<br>(cost $735,779; includes $735,600 of cash collateral for securities on loan)(b)(wb) | 736368 | 735852 |
|  **TOTAL SHORT-TERM INVESTMENTS** <br> (cost $2,349,591) |  | 2349664 |
|  **TOTAL INVESTMENTS 99.5%** <br> (cost $485,856,484) |  | 694106957 |
|  Other assets in excess of liabilities 0.5% |  | 3614678 |
|  **NET ASSETS 100.0%** |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;697721635 |

---

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

\* Non-income producing security.

---

| | |
|:---|:---|
| ^ | Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $20,900 and 0.0% 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 $725,168; cash collateral of $735,600 (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.

(wb) Represents an investment in a Fund 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** |
|  Gateway Energy & Resource Holdings LLC Private Placement,<br>144A\*^ | 12/14/07 | $2000000 | $20900 | 0.0% |

---

#### 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.

See Notes to Financial Statements.

------

PGIM Jennison Global Equity Income Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

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

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** |  |  |  |
|  Common Stocks |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Australia | $— | $6895267 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canada | 50890934 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; France |  | 87916182 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Italy |  | 27038548 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Korea |  | 3966250 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Switzerland |  | 33433608 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Kingdom | 15935226 | 44620302 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States | 383704932 | 22325296 | 20900 |
|  Preferred Stocks |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States | 15009848 |  |  |
|  **Short-Term Investments** |  |  |  |
|  Affiliated Mutual Funds | 2349664 |  |  |
|  **Total** | $**467890604** | $**226195453** | $**20900** |

---

#### 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:

---

| | |
|:---|:---|
|  Insurance | 15.4 |
|  Oil, Gas & Consumable Fuels | 10.3 |
|  Biotechnology | 6.6 |
|  Electric Utilities | 6.2 |
|  Banks | 6.1 |
|  Semiconductors & Semiconductor Equipment | 6.0 |
|  Pharmaceuticals | 4.8 |
|  Multi-Utilities | 4.7 |
|  Diversified Telecommunication Services | 3.0 |
|  Industrial REITs | 2.9 |
|  Technology Hardware, Storage & Peripherals | 2.8 |
|  Consumer Staples Distribution & Retail | 2.8 |
|  Specialized REITs | 2.5 |
|  Automobile Components | 2.5 |
|  Ground Transportation | 2.4 |

---

---

| | |
|:---|:---|
|  Commercial Services & Supplies | 2.1 |
|  Machinery | 2 |
|  IT Services | 1.9 |
|  Personal Care Products | 1.7 |
|  Construction & Engineering | 1.7 |
|  Electronic Equipment, Instruments & Components | 1.5 |
|  Hotels, Restaurants & Leisure | 1.5 |
|  Software | 1.5 |
|  Chemicals | 1.5 |
|  Beverages | 1 |
|  Household Products | 1 |
|  Transportation Infrastructure | 1 |
|  Electrical Equipment | 0.7 |
|  Residential REITs | 0.7 |
|  Aerospace & Defense | 0.4 |

---

See Notes to Financial Statements.

PGIM Jennison Global Equity Income Fund 5

------

PGIM Jennison Global Equity Income Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

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

#### Industry Classification (continued) :

---

| | |
|:---|:---|
|  Affiliated Mutual Funds (0.1% represents investments purchased with collateral from securities on loan) | 0.3% |
|  Energy Equipment & Services | 0.0 \* |
|  | 99.5 |
|  Other assets in excess of liabilities | 0.5 |
|  | 100.0% |

---

\* Less than 0.05% 

#### Financial Instruments/Transactions—Summary of Offsetting and Netting Arrangements:
The Fund 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 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)(1)** | **Net<br>Amount** |
|  Securities on Loan | $725168 | $(725168) | $— |

---

(1) Collateral amount disclosed by the Fund is limited to the market value of financial instruments/transactions.

See Notes to Financial Statements.

------

PGIM Jennison Global Equity Income Fund

Statement of Assets & Liabilities (unaudited)

as of April 30, 2025

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

---

| | |
|:---|:---|
| &nbsp;&nbsp; **Assets** |  |
| &nbsp;&nbsp; Investments at value, including securities on loan of $725,168: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated investments (cost $483,506,893) | $691757293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated investments (cost $2,349,591) | 2349664 |
| &nbsp;&nbsp; Foreign currency, at value (cost $80,423) | 80434 |
| &nbsp;&nbsp; Tax reclaim receivable | 4526771 |
| &nbsp;&nbsp; Dividends receivable | 702534 |
| &nbsp;&nbsp; Receivable for Fund shares sold | 240304 |
| &nbsp;&nbsp; Prepaid expenses | 2990 |
| &nbsp;&nbsp; **Total Assets** | 699659990 |
| &nbsp;&nbsp; **Liabilities** |  |
| &nbsp;&nbsp; Payable to broker for collateral for securities on loan | 735600 |
| &nbsp;&nbsp; Payable for Fund shares purchased | 486571 |
| &nbsp;&nbsp; Management fee payable | 410662 |
| &nbsp;&nbsp; Distribution fee payable | 118772 |
| &nbsp;&nbsp; Accrued expenses and other liabilities | 96490 |
| &nbsp;&nbsp; Transfer agent fee payable | 56064 |
| &nbsp;&nbsp; Affiliated transfer agent fee payable | 31095 |
| &nbsp;&nbsp; Directors' fees payable | 3101 |
| &nbsp;&nbsp; **Total Liabilities** | 1938355 |
| &nbsp;&nbsp; **Net Assets** | $697721635 |
| Net assets were comprised of: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common stock, at par | $49648 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Paid-in capital in excess of par | 464099290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total distributable earnings (loss) | 233572697 |
| &nbsp;&nbsp; **Net assets, April 30, 2025** | $697721635 |

---

See Notes to Financial Statements.

PGIM Jennison Global Equity Income Fund 7

------

PGIM Jennison Global Equity Income Fund

Statement of Assets & Liabilities (unaudited) (continued)

as of April 30, 2025

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

---

| | |
|:---|:---|
| &nbsp;&nbsp; **Class A** |  |
| &nbsp;&nbsp; Net asset value and redemption price per share,<br> ($522,137,868 ÷ 37,033,470 shares of common stock issued and outstanding) | $14.10 |
| &nbsp;&nbsp; Maximum sales charge (5.50% of offering price) | 0.82 |
| &nbsp;&nbsp; Maximum offering price to public | $14.92 |
| &nbsp;&nbsp; **Class C** |  |
| &nbsp;&nbsp; Net asset value, offering price and redemption price per share,<br> ($10,593,160 ÷ 900,177 shares of common stock issued and outstanding) | $11.77 |
| &nbsp;&nbsp; **Class R** |  |
| &nbsp;&nbsp; Net asset value, offering price and redemption price per share,<br> ($16,012,298 ÷ 1,135,568 shares of common stock issued and outstanding) | $14.10 |
| &nbsp;&nbsp; **Class Z** |  |
| &nbsp;&nbsp; Net asset value, offering price and redemption price per share,<br> ($138,057,957 ÷ 9,805,333 shares of common stock issued and outstanding) | $14.08 |
| &nbsp;&nbsp; **Class R6** |  |
| &nbsp;&nbsp; Net asset value, offering price and redemption price per share,<br> ($10,920,352 ÷ 773,022 shares of common stock issued and outstanding) | $14.13 |

---

See Notes to Financial Statements.

------

PGIM Jennison Global Equity Income Fund

Statement of Operations (unaudited)

Six Months Ended April 30, 2025

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

---

| | |
|:---|:---|
| &nbsp;&nbsp; **Net Investment Income (Loss)** |  |
| &nbsp;&nbsp; Income |  |
| &nbsp;&nbsp; Unaffiliated dividend income (net of $711,540 foreign withholding tax) | $10252458 |
| &nbsp;&nbsp; Affiliated dividend income | 77413 |
| &nbsp;&nbsp; Affiliated income from securities lending, net | 380 |
| &nbsp;&nbsp; **Total income** | 10330251 |
| &nbsp;&nbsp; Expenses |  |
| &nbsp;&nbsp; Management fee | 2585694 |
| &nbsp;&nbsp; Distribution fee(a) | 900958 |
| &nbsp;&nbsp; Transfer agent's fees and expenses (including affiliated expense of $116,734)(a) | 408088 |
| &nbsp;&nbsp; Custodian and accounting fees | 43722 |
| &nbsp;&nbsp; Registration fees(a) | 32122 |
| &nbsp;&nbsp; Shareholders' reports | 29290 |
| &nbsp;&nbsp; Professional fees | 19832 |
| &nbsp;&nbsp; Audit fee | 14955 |
| &nbsp;&nbsp; Directors' fees | 11072 |
| &nbsp;&nbsp; Miscellaneous | 20979 |
| &nbsp;&nbsp; **Total expenses** | 4066712 |
| &nbsp;&nbsp; Less: Fee waiver and/or expense reimbursement(a) | (4771) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Distribution fee waiver(a) | (150720) |
| &nbsp;&nbsp; **Net expenses** | 3911221 |
| &nbsp;&nbsp; Net investment income (loss) | 6419030 |
| &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 $756) | 24147754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency transactions | 2984 |
|  | 24150738 |
| &nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments (including affiliated of $73) | (5196449) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currencies | 142910 |
|  | (5053539) |
| &nbsp;&nbsp; Net gain (loss) on investment and foreign currency transactions | 19097199 |
| &nbsp;&nbsp; **Net Increase (Decrease) In Net Assets Resulting From Operations** | $25516229 |

---

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Class A** | **Class C** | **Class R** | **Class Z** | **Class R6** |
|  Distribution fee | 783205 | 57195 | 60558 |  |  |
|  Transfer agent's fees and expenses | 307659 | 16059 | 13197 | 70431 | 742 |
|  Registration fees | 8649 | 5392 | 5049 | 7872 | 5160 |
|  Fee waiver and/or expense reimbursement |  |  |  |  | (4771) |
|  Distribution fee waiver | (130534) |  | (20186) |  |  |

---

See Notes to Financial Statements.

PGIM Jennison Global Equity Income Fund 9

------

PGIM Jennison Global Equity Income Fund

Statements of Changes in Net Assets (unaudited)

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

---

| | | |
|:---|:---|:---|
|  | **Six Months Ended<br>April 30, 2025** | **Year Ended**<br>**October 31, 2024** |
| &nbsp;&nbsp; **Increase (Decrease) in Net Assets** |  |  |
| &nbsp;&nbsp; **Operations** |  |  |
| &nbsp;&nbsp; Net investment income (loss) | $6419030 | $19385510 |
| &nbsp;&nbsp; Net realized gain (loss) on investment and foreign currency transactions | 24150738 | 22117681 |
| &nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments and foreign currencies | (5053539) | 135665156 |
| &nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 25516229 | 177168347 |
| &nbsp;&nbsp; **Dividends and Distributions** |  |  |
| &nbsp;&nbsp; Distributions from distributable earnings |  |  |
| &nbsp;&nbsp; Class A | (20041478) | (47259597) |
| &nbsp;&nbsp; Class C | (479473) | (1607866) |
| &nbsp;&nbsp; Class R | (583657) | (1395899) |
| &nbsp;&nbsp; Class Z | (5426981) | (13130850) |
| &nbsp;&nbsp; Class R6 | (452864) | (1437875) |
|  | (26984453) | (64832087) |
| &nbsp;&nbsp; **Fund share transactions (Net of share conversions)** |  |  |
| &nbsp;&nbsp; Net proceeds from shares sold | 10814525 | 16875870 |
| &nbsp;&nbsp; Net asset value of shares issued in reinvestment of dividends and distributions | 24688097 | 59319872 |
| &nbsp;&nbsp; Cost of shares purchased | (64543980) | (148427469) |
| &nbsp;&nbsp; Net increase (decrease) in net assets from Fund share transactions | (29041358) | (72231727) |
| &nbsp;&nbsp; Total increase (decrease) | (30509582) | 40104533 |
| &nbsp;&nbsp; **Net Assets:** |  |  |
| &nbsp;&nbsp; Beginning of period | 728231217 | 688126684 |
| &nbsp;&nbsp; End of period | $697721635 | $728231217 |

---

See Notes to Financial Statements.

------

PGIM Jennison Global Equity Income Fund

Financial Highlights (unaudited)

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Class A Shares** | | | | | | |
|  | **Six Months<br>Ended**<br>**April 30,**<br>**2025** |  |  |  |  |  |
|  | **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** | $14.14 | $12.12 | $12.96 | $15.39 | $12.40 | $14.45 |
| &nbsp;&nbsp;&nbsp; **Income (loss) from investment operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 0.12 | 0.35 | 0.33 | 0.25 | 0.25 | 0.26 |
| &nbsp;&nbsp;&nbsp; Net realized and unrealized gain (loss) on investment and foreign currency transactions | 0.37 | 2.84 | (0.01)<sup>(b)</sup> | (1.88) | 3.90 | (0.70) |
| &nbsp;&nbsp;&nbsp; Total from investment operations | 0.49 | 3.19 | 0.32 | (1.63) | 4.15 | (0.44) |
| &nbsp;&nbsp;&nbsp; **Less Dividends and Distributions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dividends from net investment income | (0.10) | (0.35) | (0.34) | (0.23) | (0.25) | (0.29) |
| &nbsp;&nbsp;&nbsp; Distributions from net realized gains | (0.43) | (0.82) | (0.82) | (0.57) | (0.91) | (1.32) |
| &nbsp;&nbsp;&nbsp; Total dividends and distributions | (0.53) | (1.17) | (1.16) | (0.80) | (1.16) | (1.61) |
| &nbsp;&nbsp;&nbsp; Net asset value, end of period | $14.10 | $14.14 | $12.12 | $12.96 | $15.39 | $12.40 |
| &nbsp;&nbsp;&nbsp; **Total Return<sup>(c)</sup>:** | 3.74% | 27.48% | 2.22% | (11.04)% | 34.94% | (3.76)% |
| &nbsp;&nbsp;&nbsp;**Ratios/Supplemental Data:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of period (in millions) | $522 | $543 | $501 | $558 | $690 | $518 |
| &nbsp;&nbsp;&nbsp; Average net assets (in millions) | $526 | $544 | $562 | $633 | $653 | $544 |
| &nbsp;&nbsp;&nbsp; Ratios to average net assets<sup>(d)</sup>: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Expenses after waivers and/or expense reimbursement | 1.15 %<sup>(e)</sup> | 1.16% | 1.17% | 1.15% | 1.14% | 1.15% |
| &nbsp;&nbsp;&nbsp; Expenses before waivers and/or expense reimbursement | 1.20 %<sup>(e)</sup> | 1.21% | 1.22% | 1.20% | 1.19% | 1.20% |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 1.81 %<sup>(e)</sup> | 2.60% | 2.55% | 1.72% | 1.72% | 1.98% |
| &nbsp;&nbsp;&nbsp; Portfolio turnover rate<sup>(f)</sup> | 4% | 6% | 11% | 19% | 12% | 97% |

---

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

(b) 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.

(c) 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.

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

(e) Annualized.

(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 Jennison Global Equity Income Fund 11

------

PGIM Jennison Global Equity Income Fund

Financial Highlights (unaudited) (continued)

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Class C Shares** | | | | | | |
|  | **Six Months**<br>**Ended**<br>**April 30,**<br>**2025** |  |  |  |  |  |
|  | **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** | $11.90 | $10.38 | $11.26 | $13.48 | $10.99 | $12.99 |
| &nbsp;&nbsp;&nbsp; **Income (loss) from investment operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 0.05 | 0.19 | 0.19 | 0.11 | 0.13 | 0.16 |
| &nbsp;&nbsp;&nbsp; Net realized and unrealized gain (loss) on investment and foreign currency transactions | 0.30 | 2.40 | - <sup>(b)</sup> | (1.62) | 3.44 | (0.62) |
| &nbsp;&nbsp;&nbsp; Total from investment operations | 0.35 | 2.59 | 0.19 | (1.51) | 3.57 | (0.46) |
| &nbsp;&nbsp;&nbsp; **Less Dividends and Distributions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dividends from net investment income | (0.05) | (0.25) | (0.25) | (0.14) | (0.17) | (0.22) |
| &nbsp;&nbsp;&nbsp; Distributions from net realized gains | (0.43) | (0.82) | (0.82) | (0.57) | (0.91) | (1.32) |
| &nbsp;&nbsp;&nbsp; Total dividends and distributions | (0.48) | (1.07) | (1.07) | (0.71) | (1.08) | (1.54) |
| &nbsp;&nbsp;&nbsp; Net asset value, end of period | $11.77 | $11.90 | $10.38 | $11.26 | $13.48 | $10.99 |
| &nbsp;&nbsp;&nbsp; **Total Return<sup>(c)</sup>:** | 3.21% | 26.21% | 1.38% | (11.71)% | 33.98% | (4.46)% |
| &nbsp;&nbsp;&nbsp;**Ratios/Supplemental Data:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of period (in millions) | $11 | $13 | $18 | $36 | $71 | $151 |
| &nbsp;&nbsp;&nbsp; Average net assets (in millions) | $12 | $15 | $27 | $53 | $105 | $221 |
| &nbsp;&nbsp;&nbsp; Ratios to average net assets<sup>(d)</sup>: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Expenses after waivers and/or expense reimbursement | 2.15 %<sup>(e)</sup> | 2.10% | 2.04% | 1.94% | 1.88% | 1.87% |
| &nbsp;&nbsp;&nbsp; Expenses before waivers and/or expense reimbursement | 2.15 %<sup>(e)</sup> | 2.10% | 2.04% | 1.94% | 1.88% | 1.87% |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 0.79 %<sup>(e)</sup> | 1.70% | 1.69% | 0.92% | 1.02% | 1.37% |
| &nbsp;&nbsp;&nbsp; Portfolio turnover rate<sup>(f)</sup> | 4% | 6% | 11% | 19% | 12% | 97% |

---

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

(b) Amount rounds to zero.

(c) 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.

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

(e) Annualized.

(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 Jennison Global Equity Income Fund

Financial Highlights (unaudited) (continued)

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Class R Shares** | | | | | | |
|  | **Six Months**<br>**Ended**<br>**April 30,**<br>**2025** |  |  |  |  |  |
|  | **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** | $14.14 | $12.13 | $12.96 | $15.39 | $12.40 | $14.45 |
| &nbsp;&nbsp;&nbsp; **Income (loss) from investment operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 0.10 | 0.30 | 0.29 | 0.20 | 0.21 | 0.22 |
| &nbsp;&nbsp;&nbsp; Net realized and unrealized gain (loss) on investment and foreign currency transactions | 0.36 | 2.84 | - <sup>(b)</sup> | (1.87) | 3.90 | (0.70) |
| &nbsp;&nbsp;&nbsp; Total from investment operations | 0.46 | 3.14 | 0.29 | (1.67) | 4.11 | (0.48) |
| &nbsp;&nbsp;&nbsp; **Less Dividends and Distributions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dividends from net investment income | (0.07) | (0.31) | (0.30) | (0.19) | (0.21) | (0.25) |
| &nbsp;&nbsp;&nbsp; Distributions from net realized gains | (0.43) | (0.82) | (0.82) | (0.57) | (0.91) | (1.32) |
| &nbsp;&nbsp;&nbsp; Total dividends and distributions | (0.50) | (1.13) | (1.12) | (0.76) | (1.12) | (1.57) |
| &nbsp;&nbsp;&nbsp; Net asset value, end of period | $14.10 | $14.14 | $12.13 | $12.96 | $15.39 | $12.40 |
| &nbsp;&nbsp;&nbsp; **Total Return<sup>(c)</sup>:** | 3.52% | 27.00% | 1.99% | (11.32)% | 34.53% | (4.07)% |
| &nbsp;&nbsp;&nbsp;**Ratios/Supplemental Data:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of period (in millions) | $16 | $17 | $15 | $18 | $23 | $20 |
| &nbsp;&nbsp;&nbsp; Average net assets (in millions) | $16 | $17 | $17 | $21 | $23 | $23 |
| &nbsp;&nbsp;&nbsp; Ratios to average net assets<sup>(d)</sup>: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Expenses after waivers and/or expense reimbursement | 1.51 %<sup>(e)</sup> | 1.51% | 1.47% | 1.46% | 1.45% | 1.49% |
| &nbsp;&nbsp;&nbsp; Expenses before waivers and/or expense reimbursement | 1.76 %<sup>(e)</sup> | 1.76% | 1.72% | 1.71% | 1.70% | 1.74% |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 1.45 %<sup>(e)</sup> | 2.26% | 2.26% | 1.42% | 1.42% | 1.69% |
| &nbsp;&nbsp;&nbsp; Portfolio turnover rate<sup>(f)</sup> | 4% | 6% | 11% | 19% | 12% | 97% |

---

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

(b) Amount rounds to zero.

(c) 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.

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

(e) Annualized.

(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 Jennison Global Equity Income Fund 13

------

PGIM Jennison Global Equity Income Fund

Financial Highlights (unaudited) (continued)

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Class Z Shares** | | | | | | |
|  | **Six Months<br>Ended**<br>**April 30,**<br>**2025** |  |  |  |  |  |
|  | **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** | $14.12 | $12.11 | $12.95 | $15.37 | $12.39 | $14.44 |
| &nbsp;&nbsp;&nbsp; **Income (loss) from investment operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 0.14 | 0.38 | 0.37 | 0.29 | 0.29 | 0.30 |
| &nbsp;&nbsp;&nbsp; Net realized and unrealized gain (loss) on investment and foreign currency transactions | 0.37 | 2.84 | (0.01)<sup>(b)</sup> | (1.87) | 3.89 | (0.70) |
| &nbsp;&nbsp;&nbsp; Total from investment operations | 0.51 | 3.22 | 0.36 | (1.58) | 4.18 | (0.40) |
| &nbsp;&nbsp;&nbsp; **Less Dividends and Distributions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dividends from net investment income | (0.12) | (0.39) | (0.38) | (0.27) | (0.29) | (0.33) |
| &nbsp;&nbsp;&nbsp; Distributions from net realized gains | (0.43) | (0.82) | (0.82) | (0.57) | (0.91) | (1.32) |
| &nbsp;&nbsp;&nbsp; Total dividends and distributions | (0.55) | (1.21) | (1.20) | (0.84) | (1.20) | (1.65) |
| &nbsp;&nbsp;&nbsp; Net asset value, end of period | $14.08 | $14.12 | $12.11 | $12.95 | $15.37 | $12.39 |
| &nbsp;&nbsp;&nbsp; **Total Return<sup>(c)</sup>:** | 3.87% | 27.76% | 2.52% | (10.73)% | 35.26% | (3.49)% |
| &nbsp;&nbsp;&nbsp;**Ratios/Supplemental Data:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of period (in millions) | $138 | $142 | $138 | $165 | $214 | $197 |
| &nbsp;&nbsp;&nbsp; Average net assets (in millions) | $138 | $144 | $159 | $194 | $215 | $249 |
| &nbsp;&nbsp;&nbsp; Ratios to average net assets<sup>(d)</sup>: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Expenses after waivers and/or expense reimbursement | 0.90 %<sup>(e)</sup> | 0.89% | 0.89% | 0.87% | 0.87% | 0.88% |
| &nbsp;&nbsp;&nbsp; Expenses before waivers and/or expense reimbursement | 0.90 %<sup>(e)</sup> | 0.89% | 0.89% | 0.87% | 0.87% | 0.88% |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 2.07 %<sup>(e)</sup> | 2.87% | 2.83% | 2.01% | 2.00% | 2.31% |
| &nbsp;&nbsp;&nbsp; Portfolio turnover rate<sup>(f)</sup> | 4% | 6% | 11% | 19% | 12% | 97% |

---

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

(b) 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.

(c) 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.

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

(e) Annualized.

(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 Jennison Global Equity Income Fund

Financial Highlights (unaudited) (continued)

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Class R6 Shares** | | | | | | |
|  | **Six Months<br>Ended**<br>**April 30,**<br>**2025** |  |  |  |  |  |
|  | **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** | $14.16 | $12.14 | $12.98 | $15.41 | $12.42 | $14.47 |
| &nbsp;&nbsp;&nbsp; **Income (loss) from investment operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 0.15 | 0.40 | 0.40 | 0.29 | 0.28 | 0.29 |
| &nbsp;&nbsp;&nbsp; Net realized and unrealized gain (loss) on investment and foreign currency transactions | 0.38 | 2.84 | (0.03)<sup>(b)</sup> | (1.86) | 3.92 | (0.68) |
| &nbsp;&nbsp;&nbsp; Total from investment operations | 0.53 | 3.24 | 0.37 | (1.57) | 4.20 | (0.39) |
| &nbsp;&nbsp;&nbsp; **Less Dividends and Distributions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dividends from net investment income | (0.13) | (0.40) | (0.39) | (0.29) | (0.30) | (0.34) |
| &nbsp;&nbsp;&nbsp; Distributions from net realized gains | (0.43) | (0.82) | (0.82) | (0.57) | (0.91) | (1.32) |
| &nbsp;&nbsp;&nbsp; Total dividends and distributions | (0.56) | (1.22) | (1.21) | (0.86) | (1.21) | (1.66) |
| &nbsp;&nbsp;&nbsp; Net asset value, end of period | $14.13 | $14.16 | $12.14 | $12.98 | $15.41 | $12.42 |
| &nbsp;&nbsp;&nbsp; **Total Return<sup>(c)</sup>:** | 3.98% | 27.89% | 2.60% | (10.70)% | 35.33% | (3.39)% |
| &nbsp;&nbsp;&nbsp;**Ratios/Supplemental Data:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of period (in millions) | $11 | $14 | $16 | $13 | $13 | $4 |
| &nbsp;&nbsp;&nbsp; Average net assets (in millions) | $12 | $15 | $18 | $13 | $9 | $3 |
| &nbsp;&nbsp;&nbsp; Ratios to average net assets<sup>(d)</sup>: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Expenses after waivers and/or expense reimbursement | 0.80 %<sup>(e)</sup> | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% |
| &nbsp;&nbsp;&nbsp; Expenses before waivers and/or expense reimbursement | 0.88 %<sup>(e)</sup> | 0.89% | 0.85% | 0.86% | 0.93% | 1.23% |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 2.16 %<sup>(e)</sup> | 2.97% | 3.06% | 2.07% | 1.90% | 2.26% |
| &nbsp;&nbsp;&nbsp; Portfolio turnover rate<sup>(f)</sup> | 4% | 6% | 11% | 19% | 12% | 97% |

---

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

(b) 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.

(c) 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.

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

(e) Annualized.

(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 Jennison Global Equity Income Fund 15

------

PGIM Quant Solutions Mid-Cap Value Fund

Schedule of Investments (unaudited)

as of April 30, 2025

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

---

| | | |
|:---|:---|:---|
| **Description** | **Shares** | **Value** |
| &nbsp;&nbsp; **LONG-TERM INVESTMENTS 99.8%** |  |  |
| &nbsp;&nbsp; **COMMON STOCKS 99.4%** |  |  |
| &nbsp;&nbsp; **Aerospace & Defense 1.4%**<br>|  |  |
| &nbsp;&nbsp; Howmet Aerospace, Inc. | 4100 | $568178 |
| &nbsp;&nbsp; L3Harris Technologies, Inc. | 1800 | 396036 |
| &nbsp;&nbsp; Textron, Inc. | 14200 | 999254 |
| &nbsp;&nbsp; Woodward, Inc. | 900 | 168813 |
|  |  | 2132281 |
| &nbsp;&nbsp; **Automobile Components 0.7%** |  |  |
| &nbsp;&nbsp; Aptiv PLC (United Kingdom)\* | 19400 | 1106964 |
| &nbsp;&nbsp; **Banks 3.3%**<br>|  |  |
| &nbsp;&nbsp; Bank OZK | 21800 | 928680 |
| &nbsp;&nbsp; Citizens Financial Group, Inc. | 16900 | 623441 |
| &nbsp;&nbsp; Civista Bancshares, Inc. | 12200 | 274622 |
| &nbsp;&nbsp; Columbia Banking System, Inc. | 33500 | 751070 |
| &nbsp;&nbsp; East West Bancorp, Inc. | 11500 | 983825 |
| &nbsp;&nbsp; Fifth Third Bancorp | 11400 | 409716 |
| &nbsp;&nbsp; Huntington Bancshares, Inc. | 13300 | 193249 |
| &nbsp;&nbsp; M&T Bank Corp. | 400 | 67904 |
| &nbsp;&nbsp; Regions Financial Corp. | 16600 | 338806 |
| &nbsp;&nbsp; Third Coast Bancshares, Inc.\* | 4900 | 146020 |
| &nbsp;&nbsp; Zions Bancorp NA | 6800 | 305796 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5023129 |
| &nbsp;&nbsp; **Beverages 0.8%**<br>|  |  |
| &nbsp;&nbsp; Molson Coors Beverage Co. (Class B Stock) | 21100 | 1213883 |
| &nbsp;&nbsp; **Biotechnology 3.4%**<br>|  |  |
| &nbsp;&nbsp; Alnylam Pharmaceuticals, Inc.\* | 3100 | 816044 |
| &nbsp;&nbsp; Biogen, Inc.\* | 5900 | 714372 |
| &nbsp;&nbsp; BioMarin Pharmaceutical, Inc.\* | 5600 | 356664 |
| &nbsp;&nbsp; Exelixis, Inc.\* | 27700 | 1084455 |
| &nbsp;&nbsp; Incyte Corp.\* | 14100 | 883506 |
| &nbsp;&nbsp; Kiniksa Pharmaceuticals International PLC\* | 2300 | 62031 |
| &nbsp;&nbsp; Natera, Inc.\* | 1200 | 181116 |
| &nbsp;&nbsp; United Therapeutics Corp.\* | 3400 | 1030506 |
|  |  | 5128694 |

---

See Notes to Financial Statements.

------

PGIM Quant Solutions Mid-Cap Value Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

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

---

| | | |
|:---|:---|:---|
| **Description** | **Shares** | **Value** |
| &nbsp;&nbsp; **COMMON STOCKS (Continued)** |  |  |
| &nbsp;&nbsp; **Broadline Retail 0.4%**<br>|  |  |
| &nbsp;&nbsp; Dillard's, Inc. (Class A Stock) | 200 | $69332 |
| &nbsp;&nbsp; eBay, Inc. | 8500 | 579360 |
|  |  | 648692 |
| &nbsp;&nbsp; **Building Products 1.7%**<br>|  |  |
| &nbsp;&nbsp; Allegion PLC | 2800 | 389760 |
| &nbsp;&nbsp; Armstrong World Industries, Inc. | 1200 | 174024 |
| &nbsp;&nbsp; Builders FirstSource, Inc.\* | 5900 | 705817 |
| &nbsp;&nbsp; Carlisle Cos., Inc. | 800 | 303584 |
| &nbsp;&nbsp; Hayward Holdings, Inc.\* | 9800 | 130634 |
| &nbsp;&nbsp; Masco Corp. | 8400 | 509124 |
| &nbsp;&nbsp; Owens Corning | 2100 | 305361 |
|  |  | 2518304 |
| &nbsp;&nbsp; **Capital Markets 3.4%**<br>|  |  |
| &nbsp;&nbsp; Bank of New York Mellon Corp. (The) | 7700 | 619157 |
| &nbsp;&nbsp; Janus Henderson Group PLC | 16000 | 531360 |
| &nbsp;&nbsp; Northern Trust Corp. | 12600 | 1184148 |
| &nbsp;&nbsp; Raymond James Financial, Inc. | 5900 | 808536 |
| &nbsp;&nbsp; State Street Corp. | 12900 | 1136490 |
| &nbsp;&nbsp; Stifel Financial Corp. | 2300 | 197087 |
| &nbsp;&nbsp; Virtu Financial, Inc. (Class A Stock) | 11500 | 450225 |
| &nbsp;&nbsp; XP, Inc. (Brazil) (Class A Stock) | 17300 | 278530 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5205533 |
| &nbsp;&nbsp; **Chemicals 1.8%**<br>|  |  |
| &nbsp;&nbsp; CF Industries Holdings, Inc. | 16000 | 1253920 |
| &nbsp;&nbsp; DuPont de Nemours, Inc. | 19400 | 1280206 |
| &nbsp;&nbsp; LyondellBasell Industries NV (Class A Stock) (a) | 3200 | 186272 |
|  |  | 2720398 |
| &nbsp;&nbsp; **Commercial Services & Supplies 0.4%**<br>|  |  |
| &nbsp;&nbsp; Cimpress PLC (Ireland)\* | 6100 | 256322 |
| &nbsp;&nbsp; Steelcase, Inc. (Class A Stock) | 34600 | 343232 |
|  |  | 599554 |

---

See Notes to Financial Statements.

PGIM Quant Solutions Mid-Cap Value Fund 17

------

PGIM Quant Solutions Mid-Cap Value Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

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

---

| | | |
|:---|:---|:---|
| **Description** | **Shares** | **Value** |
| &nbsp;&nbsp; **COMMON STOCKS (Continued)** |  |  |
| &nbsp;&nbsp; **Communications Equipment 1.0%**<br>|  |  |
| &nbsp;&nbsp; CommScope Holding Co., Inc.\* | 42100 | $157454 |
| &nbsp;&nbsp; F5, Inc.\* | 4900 | 1297226 |
|  |  | 1454680 |
| &nbsp;&nbsp; **Construction & Engineering 0.7%**<br>|  |  |
| &nbsp;&nbsp; EMCOR Group, Inc. | 2500 | 1001750 |
| &nbsp;&nbsp; Primoris Services Corp. | 2000 | 119940 |
|  |  | 1121690 |
| &nbsp;&nbsp; **Consumer Finance 0.9%**<br>|  |  |
| &nbsp;&nbsp; Bread Financial Holdings, Inc. | 3100 | 147095 |
| &nbsp;&nbsp; PROG Holdings, Inc. | 2600 | 68536 |
| &nbsp;&nbsp; Synchrony Financial | 23300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1210435 |
|  |  | 1426066 |
| &nbsp;&nbsp; **Consumer Staples Distribution & Retail 3.5%**<br>|  |  |
| &nbsp;&nbsp; Albertson's Cos., Inc. (Class A Stock) | 53800 | 1182524 |
| &nbsp;&nbsp; Dollar General Corp. | 14500 | 1358505 |
| &nbsp;&nbsp; Kroger Co. (The) | 17300 | 1249233 |
| &nbsp;&nbsp; Sysco Corp. | 9800 | 699720 |
| &nbsp;&nbsp; US Foods Holding Corp.\* | 12300 | 807618 |
|  |  | 5297600 |
| &nbsp;&nbsp; **Containers & Packaging 0.7%**<br>|  |  |
| &nbsp;&nbsp; Ball Corp. | 21500 | 1116710 |
| &nbsp;&nbsp; **Diversified Consumer Services 1.3%**<br>|  |  |
| &nbsp;&nbsp; ADT, Inc. | 109600 | 878992 |
| &nbsp;&nbsp; H&R Block, Inc. | 18500 | 1116845 |
|  |  | 1995837 |
| &nbsp;&nbsp; **Diversified REITs 0.3%**<br>|  |  |
| &nbsp;&nbsp; WP Carey, Inc. | 7000 | 437080 |

---

See Notes to Financial Statements.

------

PGIM Quant Solutions Mid-Cap Value Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

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

---

| | | |
|:---|:---|:---|
| **Description** | **Shares** | **Value** |
| &nbsp;&nbsp; **COMMON STOCKS (Continued)** |  |  |
| &nbsp;&nbsp; **Diversified Telecommunication Services 0.5%**<br>|  |  |
| &nbsp;&nbsp; Liberty Global Ltd. (Belgium) (Class A Stock)\* | 42400 | $464280 |
| &nbsp;&nbsp; Liberty Global Ltd. (Belgium) (Class C Stock)\* | 31700 | 359478 |
|  |  | 823758 |
| &nbsp;&nbsp; **Electric Utilities 4.1%**<br>|  |  |
| &nbsp;&nbsp; Alliant Energy Corp. | 17000 | 1037680 |
| &nbsp;&nbsp; Edison International | 21300 | 1139763 |
| &nbsp;&nbsp; Evergy, Inc. | 2600 | 179660 |
| &nbsp;&nbsp; Exelon Corp. | 41400 | 1941660 |
| &nbsp;&nbsp; NRG Energy, Inc. | 12600 | 1380708 |
| &nbsp;&nbsp; OGE Energy Corp. | 4600 | 208748 |
| &nbsp;&nbsp; PG&E Corp. | 23700 | 391524 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6279743 |
| &nbsp;&nbsp; **Electrical Equipment 0.4%**<br>|  |  |
| &nbsp;&nbsp; EnerSys | 900 | 77940 |
| &nbsp;&nbsp; Rockwell Automation, Inc. | 1900 | 470592 |
|  |  | 548532 |
| &nbsp;&nbsp; **Electronic Equipment, Instruments & Components 2.5%**<br>|  |  |
| &nbsp;&nbsp; Coherent Corp.\* | 9200 | 591744 |
| &nbsp;&nbsp; Corning, Inc. | 15500 | 687890 |
| &nbsp;&nbsp; Jabil, Inc. | 7800 | 1143168 |
| &nbsp;&nbsp; ScanSource, Inc.\* | 9000 | 296910 |
| &nbsp;&nbsp; Trimble, Inc.\* | 16800 | 1043952 |
|  |  | 3763664 |
| &nbsp;&nbsp; **Entertainment 0.8%**<br>|  |  |
| &nbsp;&nbsp; Electronic Arts, Inc. | 4600 | 667414 |
| &nbsp;&nbsp; Playtika Holding Corp. | 106000 | 558620 |
|  |  | 1226034 |
| &nbsp;&nbsp; **Financial Services 0.9%**<br>|  |  |
| &nbsp;&nbsp; Euronet Worldwide, Inc.\* | 3300 | 327030 |
| &nbsp;&nbsp; Global Payments, Inc. | 500 | 38155 |

---

See Notes to Financial Statements.

PGIM Quant Solutions Mid-Cap Value Fund 19

------

PGIM Quant Solutions Mid-Cap Value Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

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

---

| | | |
|:---|:---|:---|
| **Description** | **Shares** | **Value** |
|  **COMMON STOCKS (Continued)** |  |  |
| **Financial Services (cont'd.)**<br>|  |  |
| &nbsp;&nbsp; MGIC Investment Corp. | 37600 | $936616 |
| &nbsp;&nbsp; NewtekOne, Inc. | 13500 | 140400 |
|  |  | 1442201 |
| **Food Products 3.3%**<br>|  |  |
| &nbsp;&nbsp; Archer-Daniels-Midland Co. | 6700 | 319925 |
| &nbsp;&nbsp; Calavo Growers, Inc. | 2500 | 69050 |
| &nbsp;&nbsp; Dole PLC | 38000 | 577220 |
| &nbsp;&nbsp; Hershey Co. (The) | 2000 | 334380 |
| &nbsp;&nbsp; Ingredion, Inc. | 1300 | 172666 |
| &nbsp;&nbsp; Mission Produce, Inc.\* | 22300 | 233592 |
| &nbsp;&nbsp; Pilgrim's Pride Corp. | 21200 | 1157096 |
| &nbsp;&nbsp; Seaboard Corp. | 10 | 25860 |
| &nbsp;&nbsp; Smithfield Foods, Inc. | 37600 | 835096 |
| &nbsp;&nbsp; Tyson Foods, Inc. (Class A Stock) | 21000 | 1286040 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5010925 |
| **Gas Utilities 1.8%**<br>|  |  |
| &nbsp;&nbsp; MDU Resources Group, Inc. | 26400 | 452496 |
| &nbsp;&nbsp; National Fuel Gas Co. | 15700 | 1205446 |
| &nbsp;&nbsp; UGI Corp. | 32200 | 1055838 |
|  |  | 2713780 |
| **Health Care Equipment & Supplies 0.2%**<br>|  |  |
| &nbsp;&nbsp; ResMed, Inc. | 700 | 165613 |
| &nbsp;&nbsp; Solventum Corp.\* | 1200 | 79344 |
|  |  | 244957 |
| **Health Care Providers & Services 3.1%**<br>|  |  |
| &nbsp;&nbsp; Cardinal Health, Inc. | 7500 | 1059675 |
| &nbsp;&nbsp; Centene Corp.\* | 24300 | 1454355 |
| &nbsp;&nbsp; Tenet Healthcare Corp.\* | 8500 | 1215075 |
| &nbsp;&nbsp; Universal Health Services, Inc. (Class B Stock) | 6000 | 1062420 |
|  |  | 4791525 |
| **Health Care REITs 0.0%**<br>|  |  |
| &nbsp;&nbsp; Omega Healthcare Investors, Inc. | 1100 | 42955 |

---

See Notes to Financial Statements.

------

PGIM Quant Solutions Mid-Cap Value Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

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

---

| | | |
|:---|:---|:---|
| **Description** | **Shares** | **Value** |
|  **COMMON STOCKS (Continued)** |  |  |
| **Hotel & Resort REITs 0.3%**<br>|  |  |
| &nbsp;&nbsp; Host Hotels & Resorts, Inc. | 27100 | $382652 |
| **Hotels, Restaurants & Leisure 2.4%**<br>|  |  |
| &nbsp;&nbsp; Carnival Corp.\* | 51600 | 946344 |
| &nbsp;&nbsp; Darden Restaurants, Inc. | 1700 | 341088 |
| &nbsp;&nbsp; El Pollo Loco Holdings, Inc.\* | 38900 | 363715 |
| &nbsp;&nbsp; MGM Resorts International\* | 1800 | 56628 |
| &nbsp;&nbsp; Royal Caribbean Cruises Ltd.(a) | 5000 | 1074550 |
| &nbsp;&nbsp; Travel + Leisure Co. | 20100 | 882993 |
|  |  | 3665318 |
| **Household Durables 0.8%**<br>|  |  |
| &nbsp;&nbsp; PulteGroup, Inc. | 12247 | 1256297 |
| **Household Products 0.0%**<br>|  |  |
| &nbsp;&nbsp; Spectrum Brands Holdings, Inc. | 700 | 44170 |
| **Independent Power & Renewable Electricity Producers 1.3%**<br>|  |  |
| &nbsp;&nbsp; AES Corp. (The) | 79400 | 794000 |
| &nbsp;&nbsp; Clearway Energy, Inc. (Class C Stock) | 27500 | 806850 |
| &nbsp;&nbsp; Vistra Corp. | 3200 | 414816 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2015666 |
| **Insurance 9.5%**<br>|  |  |
| &nbsp;&nbsp; Aflac, Inc. | 6000 | 652080 |
| &nbsp;&nbsp; Allstate Corp. (The) | 5700 | 1130823 |
| &nbsp;&nbsp; Arch Capital Group Ltd. | 1800 | 163224 |
| &nbsp;&nbsp; Arthur J. Gallagher & Co. | 1000 | 320690 |
| &nbsp;&nbsp; Assured Guaranty Ltd. | 3600 | 315828 |
| &nbsp;&nbsp; Axis Capital Holdings Ltd. | 12400 | 1194368 |
| &nbsp;&nbsp; Cincinnati Financial Corp. | 6300 | 877023 |
| &nbsp;&nbsp; CNO Financial Group, Inc. | 9400 | 356636 |
| &nbsp;&nbsp; Fidelis Insurance Holdings Ltd. (United Kingdom) | 27100 | 443085 |
| &nbsp;&nbsp; Fidelity National Financial, Inc. | 17200 | 1101660 |
| &nbsp;&nbsp; Genworth Financial, Inc. (Class A Stock)\* | 15100 | 103586 |
| &nbsp;&nbsp; Globe Life, Inc. | 10400 | 1282736 |
| &nbsp;&nbsp; Hartford Insurance Group, Inc. (The) | 11000 | 1349370 |
| &nbsp;&nbsp; Heritage Insurance Holdings, Inc.\* | 7500 | 141750 |
| &nbsp;&nbsp; Lincoln National Corp. | 24900 | 793563 |
| &nbsp;&nbsp; Loews Corp. | 5500 | 477565 |

---

See Notes to Financial Statements.

PGIM Quant Solutions Mid-Cap Value Fund 21

------

PGIM Quant Solutions Mid-Cap Value Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

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

---

| | | |
|:---|:---|:---|
| **Description** | **Shares** | **Value** |
|  **COMMON STOCKS (Continued)** |  |  |
| **Insurance (cont'd.)**<br>|  |  |
| &nbsp;&nbsp; Mercury General Corp. | 1500 | $83130 |
| &nbsp;&nbsp; Old Republic International Corp. | 25800 | 970080 |
| &nbsp;&nbsp; Principal Financial Group, Inc. | 11000 | 815650 |
| &nbsp;&nbsp; RenaissanceRe Holdings Ltd. (Bermuda) | 400 | 96772 |
| &nbsp;&nbsp; SiriusPoint Ltd. (Sweden)\* | 10000 | 168000 |
| &nbsp;&nbsp; Universal Insurance Holdings, Inc. | 5900 | 143016 |
| &nbsp;&nbsp; Unum Group | 16800 | 1304688 |
| &nbsp;&nbsp; W.R. Berkley Corp. | 2000 | 143380 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14428703 |
| **IT Services 3.9%**<br>|  |  |
| &nbsp;&nbsp; Akamai Technologies, Inc.\* | 10000 | 805800 |
| &nbsp;&nbsp; Cognizant Technology Solutions Corp. (Class A Stock) | 21900 | 1611183 |
| &nbsp;&nbsp; DXC Technology Co.\* | 46300 | 718576 |
| &nbsp;&nbsp; GoDaddy, Inc. (Class A Stock)\* | 1700 | 320161 |
| &nbsp;&nbsp; Twilio, Inc. (Class A Stock)\* | 10800 | 1044468 |
| &nbsp;&nbsp; VeriSign, Inc.\* | 5300 | 1495236 |
|  |  | 5995424 |
| **Life Sciences Tools & Services 3.3%**<br>|  |  |
| &nbsp;&nbsp; Agilent Technologies, Inc. | 3800 | 408880 |
| &nbsp;&nbsp; Bio-Techne Corp. | 15100 | 760285 |
| &nbsp;&nbsp; IQVIA Holdings, Inc.\* | 6400 | 992448 |
| &nbsp;&nbsp; Mettler-Toledo International, Inc.\* | 1100 | 1177627 |
| &nbsp;&nbsp; Revvity, Inc. | 6000 | 560580 |
| &nbsp;&nbsp; Waters Corp.\* | 2900 | 1008417 |
| &nbsp;&nbsp; West Pharmaceutical Services, Inc. | 700 | 147903 |
|  |  | 5056140 |
| **Machinery 4.1%**<br>|  |  |
| &nbsp;&nbsp; Allison Transmission Holdings, Inc. | 11200 | 1033088 |
| &nbsp;&nbsp; Cummins, Inc. | 5100 | 1498584 |
| &nbsp;&nbsp; Dover Corp. | 7300 | 1245745 |
| &nbsp;&nbsp; Lincoln Electric Holdings, Inc. | 400 | 70480 |
| &nbsp;&nbsp; Oshkosh Corp. | 9700 | 812472 |
| &nbsp;&nbsp; Pentair PLC | 10400 | 943592 |
| &nbsp;&nbsp; Westinghouse Air Brake Technologies Corp. | 3300 | 609642 |
|  |  | 6213603 |

---

See Notes to Financial Statements.

------

PGIM Quant Solutions Mid-Cap Value Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

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

---

| | | |
|:---|:---|:---|
| **Description** | **Shares** | **Value** |
|  **COMMON STOCKS (Continued)** |  |  |
| **Marine Transportation 0.2%**<br>|  |  |
| &nbsp;&nbsp; Costamare, Inc. (Monaco) | 37600 | $350808 |
| **Media 3.5%**<br>|  |  |
| &nbsp;&nbsp; Charter Communications, Inc. (Class A Stock)\* | 4600 | 1802556 |
| &nbsp;&nbsp; Fox Corp. (Class A Stock) | 14100 | 702039 |
| &nbsp;&nbsp; Fox Corp. (Class B Stock) | 14100 | 651984 |
| &nbsp;&nbsp; Gray Media, Inc. | 76200 | 255270 |
| &nbsp;&nbsp; News Corp. (Class A Stock) | 38300 | 1038696 |
| &nbsp;&nbsp; Nexstar Media Group, Inc. | 5900 | 882994 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5333539 |
| **Metals & Mining 1.1%**<br>|  |  |
| &nbsp;&nbsp; Nucor Corp. | 2800 | 334236 |
| &nbsp;&nbsp; Reliance, Inc. | 1400 | 403522 |
| &nbsp;&nbsp; Steel Dynamics, Inc. | 5000 | 648550 |
| &nbsp;&nbsp; SunCoke Energy, Inc. | 34800 | 315288 |
|  |  | 1701596 |
| **Mortgage Real Estate Investment Trusts (REITs) 0.7%**<br>|  |  |
| &nbsp;&nbsp; Advanced Flower Capital, Inc. | 10700 | 58957 |
| &nbsp;&nbsp; AG Mortgage Investment Trust, Inc. | 13200 | 86196 |
| &nbsp;&nbsp; Rithm Capital Corp. | 69200 | 773656 |
| &nbsp;&nbsp; Two Harbors Investment Corp. | 6400 | 75968 |
|  |  | 994777 |
| **Multi-Utilities 3.0%**<br>|  |  |
| &nbsp;&nbsp; Ameren Corp. | 6900 | 684756 |
| &nbsp;&nbsp; Avista Corp. | 8000 | 331760 |
| &nbsp;&nbsp; CMS Energy Corp. | 6400 | 471360 |
| &nbsp;&nbsp; Consolidated Edison, Inc. | 13233 | 1492021 |
| &nbsp;&nbsp; DTE Energy Co. | 6200 | 849400 |
| &nbsp;&nbsp; NiSource, Inc. | 12800 | 500608 |
| &nbsp;&nbsp; Northwestern Energy Group, Inc. | 4100 | 238743 |
|  |  | 4568648 |
| **Office REITs 0.3%**<br>|  |  |
| &nbsp;&nbsp; Highwoods Properties, Inc. | 13400 | 381096 |

---

See Notes to Financial Statements.

PGIM Quant Solutions Mid-Cap Value Fund 23

------

PGIM Quant Solutions Mid-Cap Value Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

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

---

| | | |
|:---|:---|:---|
| **Description** | **Shares** | **Value** |
| &nbsp;&nbsp; **COMMON STOCKS (Continued)** |  |  |
| &nbsp;&nbsp; **Oil, Gas & Consumable Fuels 3.1%**<br>|  |  |
| &nbsp;&nbsp; Cheniere Energy, Inc. | 5700 | $1317327 |
| &nbsp;&nbsp; Civitas Resources, Inc. | 15200 | 414200 |
| &nbsp;&nbsp; Devon Energy Corp. | 39000 | 1185990 |
| &nbsp;&nbsp; Kinder Morgan, Inc. | 5600 | 147280 |
| &nbsp;&nbsp; ONEOK, Inc. | 2300 | 188968 |
| &nbsp;&nbsp; Ovintiv, Inc. | 5300 | 177974 |
| &nbsp;&nbsp; Permian Resources Corp. | 7600 | 89680 |
| &nbsp;&nbsp; Teekay Corp. Ltd. (Bermuda) | 72900 | 525609 |
| &nbsp;&nbsp; Williams Cos., Inc. (The) | 7700 | 450989 |
| &nbsp;&nbsp; World Kinect Corp. | 11700 | 293553 |
|  |  | 4791570 |
| &nbsp;&nbsp; **Passenger Airlines 1.1%**<br>|  |  |
| &nbsp;&nbsp; SkyWest, Inc.\* | 1200 | 107004 |
| &nbsp;&nbsp; Southwest Airlines Co.(a) | 2500 | 69900 |
| &nbsp;&nbsp; Sun Country Airlines Holdings, Inc.\* | 26800 | 262640 |
| &nbsp;&nbsp; United Airlines Holdings, Inc.\* | 18500 | 1273170 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1712714 |
| &nbsp;&nbsp; **Personal Care Products 0.5%**<br>|  |  |
| &nbsp;&nbsp; Herbalife Ltd.\* | 52500 | 378000 |
| &nbsp;&nbsp; Nu Skin Enterprises, Inc. (Class A Stock) | 56800 | 359544 |
|  |  | 737544 |
| &nbsp;&nbsp; **Pharmaceuticals 1.9%**<br>|  |  |
| &nbsp;&nbsp; Amneal Pharmaceuticals, Inc.\* | 15200 | 116432 |
| &nbsp;&nbsp; Jazz Pharmaceuticals PLC\* | 9100 | 1064336 |
| &nbsp;&nbsp; Perrigo Co. PLC | 8900 | 228908 |
| &nbsp;&nbsp; Royalty Pharma PLC (Class A Stock) | 41200 | 1352184 |
| &nbsp;&nbsp; Viatris, Inc. | 9389 | 79056 |
|  |  | 2840916 |
| &nbsp;&nbsp; **Professional Services 1.6%**<br>|  |  |
| &nbsp;&nbsp; Concentrix Corp. | 1500 | 76590 |
| &nbsp;&nbsp; Conduent, Inc.\* | 43972 | 92781 |
| &nbsp;&nbsp; Genpact Ltd. | 18500 | 929810 |

---

See Notes to Financial Statements.

------

PGIM Quant Solutions Mid-Cap Value Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

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

---

| | | |
|:---|:---|:---|
| **Description** | **Shares** | **Value** |
| &nbsp;&nbsp; **COMMON STOCKS (Continued)** |  |  |
| &nbsp;&nbsp; **Professional Services (cont'd.)**<br>|  |  |
| &nbsp;&nbsp; IBEX Holdings Ltd.\* | 3000 | $75120 |
| &nbsp;&nbsp; Leidos Holdings, Inc. | 8100 | 1192158 |
|  |  | 2366459 |
| &nbsp;&nbsp; **Real Estate Management & Development 1.2%**<br>|  |  |
| &nbsp;&nbsp; CBRE Group, Inc. (Class A Stock)\* | 7000 | 855260 |
| &nbsp;&nbsp; Jones Lang LaSalle, Inc.\* | 4000 | 909640 |
| &nbsp;&nbsp; RE/MAX Holdings, Inc. (Class A Stock)\* | 7400 | 56610 |
|  |  | 1821510 |
| &nbsp;&nbsp; **Retail REITs 1.7%**<br>|  |  |
| &nbsp;&nbsp; Realty Income Corp. | 713 | 41254 |
| &nbsp;&nbsp; Regency Centers Corp. | 14600 | 1053828 |
| &nbsp;&nbsp; Simon Property Group, Inc. | 9700 | 1526586 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2621668 |
| &nbsp;&nbsp; **Semiconductors & Semiconductor Equipment 0.8%**<br>|  |  |
| &nbsp;&nbsp; Cirrus Logic, Inc.\* | 8700 | 835548 |
| &nbsp;&nbsp; MKS Instruments, Inc. | 6200 | 434868 |
|  |  | 1270416 |
| &nbsp;&nbsp; **Software 3.4%**<br>|  |  |
| &nbsp;&nbsp; ACI Worldwide, Inc.\* | 500 | 26680 |
| &nbsp;&nbsp; Consensus Cloud Solutions, Inc.\* | 12800 | 254208 |
| &nbsp;&nbsp; DocuSign, Inc.\* | 6400 | 523200 |
| &nbsp;&nbsp; Dolby Laboratories, Inc. (Class A Stock) | 4000 | 307160 |
| &nbsp;&nbsp; Dynatrace, Inc.\* | 3000 | 140910 |
| &nbsp;&nbsp; Gen Digital, Inc. | 49500 | 1280565 |
| &nbsp;&nbsp; MicroStrategy, Inc. (Class A Stock)\*(a) | 1000 | 380110 |
| &nbsp;&nbsp; Olo, Inc. (Class A Stock)\* | 62500 | 387500 |
| &nbsp;&nbsp; OneSpan, Inc. | 24100 | 358367 |
| &nbsp;&nbsp; Ooma, Inc.\* | 2200 | 26906 |
| &nbsp;&nbsp; Zoom Communications, Inc. (Class A Stock)\* | 18700 | 1449998 |
|  |  | 5135604 |
| &nbsp;&nbsp; **Specialized REITs 2.4%**<br>|  |  |
| &nbsp;&nbsp; Digital Realty Trust, Inc. | 900 | 144486 |
| &nbsp;&nbsp; EPR Properties | 10700 | 529543 |

---

See Notes to Financial Statements.

PGIM Quant Solutions Mid-Cap Value Fund 25

------

PGIM Quant Solutions Mid-Cap Value Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

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

---

| | | |
|:---|:---|:---|
| **Description** | **Shares** | **Value** |
| &nbsp;&nbsp; **COMMON STOCKS (Continued)** |  |  |
| &nbsp;&nbsp; **Specialized REITs (cont'd.)**<br>|  |  |
| &nbsp;&nbsp; Gaming & Leisure Properties, Inc. | 8400 | $402024 |
| &nbsp;&nbsp; National Storage Affiliates Trust | 13700 | 509640 |
| &nbsp;&nbsp; Rayonier, Inc. | 25100 | 613946 |
| &nbsp;&nbsp; VICI Properties, Inc. | 45200 | 1447304 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3646943 |
| &nbsp;&nbsp; **Specialty Retail 1.5%**<br>|  |  |
| &nbsp;&nbsp; AutoNation, Inc.\* | 1700 | 296055 |
| &nbsp;&nbsp; Bath & Body Works, Inc. | 22300 | 680373 |
| &nbsp;&nbsp; Best Buy Co., Inc. | 4800 | 320112 |
| &nbsp;&nbsp; Penske Automotive Group, Inc. | 4400 | 684948 |
| &nbsp;&nbsp; Ross Stores, Inc. | 1800 | 250200 |
|  |  | 2231688 |
| &nbsp;&nbsp; **Technology Hardware, Storage & Peripherals 0.9%**<br>|  |  |
| &nbsp;&nbsp; HP, Inc. | 39700 | 1015129 |
| &nbsp;&nbsp; Immersion Corp. | 52000 | 375960 |
|  |  | 1391089 |
| &nbsp;&nbsp; **Textiles, Apparel & Luxury Goods 0.8%**<br>|  |  |
| &nbsp;&nbsp; Crocs, Inc.\* | 9200 | 887064 |
| &nbsp;&nbsp; G-III Apparel Group Ltd.\* | 12200 | 307684 |
|  |  | 1194748 |
| &nbsp;&nbsp; **Trading Companies & Distributors 0.8%**<br>|  |  |
| &nbsp;&nbsp; United Rentals, Inc. | 1900 | 1199755 |
| &nbsp;&nbsp; **TOTAL COMMON STOCKS**<br> (cost $143,526,084) |  | 151386230 |
|  **UNAFFILIATED EXCHANGE-TRADED FUND 0.4%**<br>|  |  |
| &nbsp;&nbsp; iShares Russell Mid-Cap Value ETF<br>(cost $615,422) | 5000 | 613750 |
| &nbsp;&nbsp; **TOTAL LONG-TERM INVESTMENTS**<br> (cost $144,141,506) |  | 151999980 |

---

See Notes to Financial Statements.

------

PGIM Quant Solutions Mid-Cap Value Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

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

---

| | | |
|:---|:---|:---|
| **Description** | **Shares** | **Value** |
| &nbsp;&nbsp; **SHORT-TERM INVESTMENTS 1.3%**<br>|  |  |
| &nbsp;&nbsp; **AFFILIATED MUTUAL FUNDS**<br>|  |  |
| &nbsp;&nbsp; PGIM Core Government Money Market Fund (7-day effective yield 4.478%)(wb) | 440512 | $440512 |
| &nbsp;&nbsp; PGIM Institutional Money Market Fund (7-day effective yield 4.540%)<br>(cost $1,446,570; includes $1,439,591 of cash collateral for securities on loan)(b)(wb) | 1447707 | 1446694 |
| &nbsp;&nbsp; **TOTAL SHORT-TERM INVESTMENTS**<br> (cost $1,887,082) |  | 1887206 |
| &nbsp;&nbsp; **TOTAL INVESTMENTS 101.1%**<br> (cost $146,028,588) |  | 153887186 |
| &nbsp;&nbsp; Liabilities in excess of other assets (1.1)% |  | (1626236) |
|  **NET ASSETS 100.0%** |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152260950 |

---

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

\* 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 $1,401,059; cash collateral of $1,439,591 (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.

(wb) Represents an investment in a Fund affiliated with the Manager.

#### 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.

PGIM Quant Solutions Mid-Cap Value Fund 27

------

PGIM Quant Solutions Mid-Cap Value Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

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

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

---

| | | | |
|:---|:---|:---|:---|
|  | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Level 1**  | **Level 2** | **Level 3** |
|  **Investments in Securities** |  |  |  |
|  **Assets** |  |  |  |
|  **Long-Term Investments** |  |  |  |
|  Common Stocks |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Aerospace & Defense | $2132281 | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Automobile Components | 1106964 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Banks | 5023129 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Beverages | 1213883 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Biotechnology | 5128694 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Broadline Retail | 648692 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Building Products | 2518304 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Capital Markets | 5205533 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | 2720398 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Services & Supplies | 599554 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Communications Equipment | 1454680 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Construction & Engineering | 1121690 |  | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Finance | 1426066 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Staples Distribution & Retail | 5297600 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Containers & Packaging | 1116710 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified Consumer Services | 1995837 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified REITs | 437080 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified Telecommunication Services | 823758 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Electric Utilities | 6279743 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Electrical Equipment | 548532 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Electronic Equipment, Instruments & Components | 3763664 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Entertainment | 1226034 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Financial Services | 1442201 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Food Products | 5010925 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Gas Utilities | 2713780 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Equipment & Supplies | 244957 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Providers & Services | 4791525 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care REITs | 42955 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Hotel & Resort REITs | 382652 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Hotels, Restaurants & Leisure | 3665318 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Household Durables | 1256297 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Household Products | 44170 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Independent Power & Renewable Electricity Producers | 2015666 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | 14428703 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; IT Services | 5995424 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Life Sciences Tools & Services | 5056140 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery | 6213603 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Marine Transportation | 350808 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Media | 5333539 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Metals & Mining | 1701596 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortgage Real Estate Investment Trusts (REITs) | 994777 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |

---

See Notes to Financial Statements.

------

PGIM Quant Solutions Mid-Cap Value Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

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

---

| | | | |
|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** |
|  **Investments in Securities (continued)** |  |  |  |
|  **Assets (continued)** |  |  |  |
|  **Long-Term Investments (continued)** |  |  |  |
|  Common Stocks (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multi-Utilities | $4568648 | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Office REITs | 381096 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oil, Gas & Consumable Fuels | 4791570 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Passenger Airlines | 1712714 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personal Care Products | 737544 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pharmaceuticals | 2840916 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Professional Services | 2366459 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real Estate Management & Development | 1821510 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retail REITs | 2621668 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Semiconductors & Semiconductor Equipment | 1270416 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Software | 5135604 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Specialized REITs | 3646943 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Specialty Retail | 2231688 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Technology Hardware, Storage & Peripherals | 1391089 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Textiles, Apparel & Luxury Goods | 1194748 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trading Companies & Distributors | 1199755 |  |  |
|  Unaffiliated Exchange-Traded Fund | 613750 |  |  |
|  **Short-Term Investments** |  |  |  |
|  Affiliated Mutual Funds | 1887206 |  |  |
|  **Total** | $**153887186** | **$—** | **$—** |

---

#### 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:

---

| | |
|:---|:---|
|  Insurance | 9.5 |
|  Electric Utilities | 4.1 |
|  Machinery | 4.1 |
|  IT Services | 3.9 |
|  Media | 3.5 |
|  Consumer Staples Distribution & Retail | 3.5 |
|  Capital Markets | 3.4 |
|  Software | 3.4 |
|  Biotechnology | 3.4 |
|  Life Sciences Tools & Services | 3.3 |
|  Banks | 3.3 |
|  Food Products | 3.3 |
|  Oil, Gas & Consumable Fuels | 3.1 |
|  Health Care Providers & Services | 3.1 |

---

---

| | |
|:---|:---|
|  Multi-Utilities | 3.0 |
|  Electronic Equipment, Instruments & Components | 2.5 |
|  Hotels, Restaurants & Leisure | 2.4 |
|  Specialized REITs | 2.4 |
|  Pharmaceuticals | 1.9 |
|  Chemicals | 1.8 |
|  Gas Utilities | 1.8 |
|  Retail REITs | 1.7 |
|  Building Products | 1.7 |
|  Professional Services | 1.6 |
|  Specialty Retail | 1.5 |
|  Aerospace & Defense | 1.4 |
|  Independent Power & Renewable Electricity Producers | 1.3 |

---

See Notes to Financial Statements.

PGIM Quant Solutions Mid-Cap Value Fund 29

------

PGIM Quant Solutions Mid-Cap Value Fund

Schedule of Investments (unaudited) (continued)

as of April 30, 2025

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

#### Industry Classification (continued) :

---

| | |
|:---|:---|
|  Diversified Consumer Services | 1.3 |
|  Affiliated Mutual Funds (0.9% represents investments purchased with collateral from securities on loan) | 1.3 |
|  Real Estate Management & Development | 1.2 |
|  Passenger Airlines | 1.1 |
|  Metals & Mining | 1.1 |
|  Communications Equipment | 1 |
|  Financial Services | 0.9 |
|  Consumer Finance | 0.9 |
|  Technology Hardware, Storage & Peripherals | 0.9 |
|  Semiconductors & Semiconductor Equipment | 0.8 |
|  Household Durables | 0.8 |
|  Entertainment | 0.8 |
|  Beverages | 0.8 |
|  Trading Companies & Distributors | 0.8 |
|  Textiles, Apparel & Luxury Goods | 0.8 |
|  Construction & Engineering | 0.7 |
|  Containers & Packaging | 0.7 |
|  Automobile Components | 0.7 |
|  Mortgage Real Estate Investment Trusts (REITs) | 0.7 |

---

---

| | |
|:---|:---|
|  Diversified Telecommunication Services | 0.5% |
|  Personal Care Products | 0.5 |
|  Broadline Retail | 0.4 |
|  Unaffiliated Exchange-Traded Fund | 0.4 |
|  Commercial Services & Supplies | 0.4 |
|  Electrical Equipment | 0.4 |
|  Diversified REITs | 0.3 |
|  Hotel & Resort REITs | 0.3 |
|  Office REITs | 0.3 |
|  Marine Transportation | 0.2 |
|  Health Care Equipment & Supplies | 0.2 |
|  Household Products | 0.0 \* |
|  Health Care REITs | 0.0 \* |
|  | 101.1 |
|  Liabilities in excess of other assets | (1.1) |
|  | 100.0% |

---

\* Less than 0.05% 

#### Financial Instruments/Transactions—Summary of Offsetting and Netting Arrangements :
The Fund 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 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)(1)** | **Net<br>Amount** |
|  Securities on Loan<br>| $1401059<br>| $(1401059)<br>| $—  |

---

(1) Collateral amount disclosed by the Fund is limited to the market value of financial instruments/transactions.

See Notes to Financial Statements.

------

PGIM Quant Solutions Mid-Cap Value Fund

Statement of Assets & Liabilities (unaudited)

as of April 30, 2025

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

---

| | |
|:---|:---|
| **Assets** | |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments at value, including securities on loan of $1,401,059: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated investments (cost $144,141,506) | $151999980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated investments (cost $1,887,082) | 1887206 |
| &nbsp;&nbsp;&nbsp;&nbsp; Receivable for Fund shares sold | 108428 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dividends receivable | 75634 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tax reclaim receivable | 1640 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prepaid expenses and other assets | 1082 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Assets** | 154073970 |
| **Liabilities** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payable to broker for collateral for securities on loan | 1439591 |
| &nbsp;&nbsp;&nbsp;&nbsp; Payable for Fund shares purchased | 186521 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accrued expenses and other liabilities | 76798 |
| &nbsp;&nbsp;&nbsp;&nbsp; Management fee payable | 64933 |
| &nbsp;&nbsp;&nbsp;&nbsp; Distribution fee payable | 20332 |
| &nbsp;&nbsp;&nbsp;&nbsp; Audit fee payable | 12991 |
| &nbsp;&nbsp;&nbsp;&nbsp; Affiliated transfer agent fee payable | 11098 |
| &nbsp;&nbsp;&nbsp;&nbsp; Directors' fees payable | 756 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Liabilities** | 1813020 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Net Assets** | $152260950 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net assets were comprised of: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common stock, at par | $6629 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Paid-in capital in excess of par | 166945937 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total distributable earnings (loss) | (14691616) |
| &nbsp;&nbsp;&nbsp;&nbsp; **Net assets, April 30, 2025** | $152260950 |

---

See Notes to Financial Statements.

PGIM Quant Solutions Mid-Cap Value Fund 31

------

PGIM Quant Solutions Mid-Cap Value Fund

Statement of Assets & Liabilities (unaudited) (continued)

as of April 30, 2025

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

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; **Class A** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net asset value and redemption price per share,<br>($97,185,398 ÷ 4,242,842 shares of common stock issued and outstanding) | $22.91 |
| &nbsp;&nbsp;&nbsp;&nbsp; Maximum sales charge (5.50% of offering price) | 1.33 |
| &nbsp;&nbsp;&nbsp;&nbsp; Maximum offering price to public | $24.24 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Class C** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net asset value, offering price and redemption price per share,<br>($1,080,929 ÷ 57,671 shares of common stock issued and outstanding) | $18.74 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Class R** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net asset value, offering price and redemption price per share,<br>($116,075 ÷ 5,021 shares of common stock issued and outstanding) | $23.12 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Class Z** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net asset value, offering price and redemption price per share,<br>($24,556,610 ÷ 1,057,467 shares of common stock issued and outstanding) | $23.22 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Class R2** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net asset value, offering price and redemption price per share,<br>($20,507 ÷ 887 shares of common stock issued and outstanding) | $23.11 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Class R4** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net asset value, offering price and redemption price per share,<br>($47,734 ÷ 2,064 shares of common stock issued and outstanding) | $23.13 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Class R6** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net asset value, offering price and redemption price per share,<br>($29,253,697 ÷ 1,263,329 shares of common stock issued and outstanding) | $23.16 |

---

Net asset value per share may not recalculate due to rounding.

See Notes to Financial Statements.

------

PGIM Quant Solutions Mid-Cap Value Fund

Statement of Operations (unaudited)

Six Months Ended April 30, 2025

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

---

| | |
|:---|:---|
| &nbsp;&nbsp; **Net Investment Income (Loss)** |  |
| &nbsp;&nbsp; Income |  |
| &nbsp;&nbsp; Unaffiliated dividend income | $1855540 |
| &nbsp;&nbsp; Affiliated dividend income | 6125 |
| &nbsp;&nbsp; Affiliated income from securities lending, net | 1682 |
| &nbsp;&nbsp; **Total income** | 1863347 |
| &nbsp;&nbsp; Expenses |  |
| &nbsp;&nbsp; Management fee | 619106 |
| &nbsp;&nbsp; Distribution fee(a) | 167343 |
| &nbsp;&nbsp; Shareholder servicing fees(a) | 51 |
| &nbsp;&nbsp; Transfer agent's fees and expenses (including affiliated expense of $43,364)(a) | 112427 |
| &nbsp;&nbsp; Registration fees(a) | 28092 |
| &nbsp;&nbsp; Custodian and accounting fees | 26380 |
| &nbsp;&nbsp; Shareholders' reports | 17996 |
| &nbsp;&nbsp; Professional fees | 16581 |
| &nbsp;&nbsp; Audit fee | 13737 |
| &nbsp;&nbsp; Directors' fees | 5786 |
| &nbsp;&nbsp; Miscellaneous | 17386 |
| &nbsp;&nbsp; **Total expenses** | 1024885 |
| &nbsp;&nbsp; Less: Fee waiver and/or expense reimbursement(a) | (132222) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Distribution fee waiver(a) | (26811) |
| &nbsp;&nbsp; **Net expenses** | 865852 |
| &nbsp;&nbsp; Net investment income (loss) | 997495 |
| &nbsp;&nbsp; **Realized And Unrealized Gain (Loss) On Investments** |  |
| &nbsp;&nbsp; Net realized gain (loss) on investment transactions (including affiliated of $187) | 6314502 |
| &nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments (including affiliated of $107) | (17203154) |
| &nbsp;&nbsp; Net gain (loss) on investment transactions | (10888652) |
| &nbsp;&nbsp; **Net Increase (Decrease) In Net Assets Resulting From Operations** | $(9891157) |

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Class A** | **Class C** | **Class R** | **Class Z** | **Class R2** | **Class R4** | **Class R6** |
|  Distribution fee | 159941 | 6912 | 464 |  | 26 |  |  |
|  Shareholder servicing fees |  |  |  |  | 3 | 48 |  |
|  Transfer agent's fees and expenses | 85758 | 4092 | 172 | 18474 | 67 | 309 | 3555 |
|  Registration fees | 7438 | 4464 | 2561 | 4562 | 2079 | 2079 | 4909 |
|  Fee waiver and/or expense reimbursement | (73912) | (7819) | (2667) | (16168) | (2133) | (2344) | (27179) |
|  Distribution fee waiver | (26657) |  | (154) |  |  |  |  |

---

See Notes to Financial Statements.

PGIM Quant Solutions Mid-Cap Value Fund 33

------

PGIM Quant Solutions Mid-Cap Value Fund

Statements of Changes in Net Assets (unaudited)

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

---

| | | |
|:---|:---|:---|
|  | **Six Months Ended**<br>**April 30, 2025** | **Year Ended<br>October 31, 2024** |
| &nbsp;&nbsp; **Increase (Decrease) in Net Assets** |  |  |
| &nbsp;&nbsp; **Operations** |  |  |
| &nbsp;&nbsp; Net investment income (loss) | $997495 | $3236392 |
| &nbsp;&nbsp; Net realized gain (loss) on investment transactions | 6314502 | 22686823 |
| &nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (17203154) | 23835671 |
| &nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | (9891157) | 49758886 |
| &nbsp;&nbsp; **Dividends and Distributions** |  |  |
| &nbsp;&nbsp; Distributions from distributable earnings |  |  |
| &nbsp;&nbsp; Class A | (1555340) | (2061733) |
| &nbsp;&nbsp; Class C | (14829) | (33900) |
| &nbsp;&nbsp; Class R | (1365) | (3022) |
| &nbsp;&nbsp; Class Z | (487142) | (632208) |
| &nbsp;&nbsp; Class R2 | (277) | (340) |
| &nbsp;&nbsp; Class R4 | (3116) | (7294) |
| &nbsp;&nbsp; Class R6 | (601910) | (990268) |
|  | (2663979) | (3728765) |
| &nbsp;&nbsp; **Fund share transactions (Net of share conversions)** |  |  |
| &nbsp;&nbsp; Net proceeds from shares sold | 3288984 | 10066700 |
| &nbsp;&nbsp; Net asset value of shares issued in reinvestment of dividends and distributions | 2580830 | 3619090 |
| &nbsp;&nbsp; Cost of shares purchased | (18081739) | (46253336) |
| &nbsp;&nbsp; Net increase (decrease) in net assets from Fund share transactions | (12211925) | (32567546) |
| &nbsp;&nbsp; Total increase (decrease) | (24767061) | 13462575 |
| &nbsp;&nbsp; **Net Assets:** |  |  |
| &nbsp;&nbsp; Beginning of period | 177028011 | 163565436 |
| &nbsp;&nbsp; End of period | $152260950 | $177028011 |

---

See Notes to Financial Statements.

------

PGIM Quant Solutions Mid-Cap Value Fund

Financial Highlights (unaudited)

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Class A Shares** | | | | | | |
|  | **Six Months<br>Ended**<br>**April 30,**<br>**2025** |  |  |  |  |  |
|  | **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** | $24.75 | $19.11 | $20.46 | $22.40 | $13.95 | $17.83 |
| &nbsp;&nbsp;&nbsp; **Income (loss) from investment operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 0.13 | 0.38 | 0.37 | 0.31 | 0.23 | 0.29 |
| &nbsp;&nbsp;&nbsp; Net realized and unrealized gain (loss) on investment transactions | (1.62) | 5.68 | (1.39) | (1.98) | 8.52 | (3.75) |
| &nbsp;&nbsp;&nbsp; Total from investment operations | (1.49) | 6.06 | (1.02) | (1.67) | 8.75 | (3.46) |
| &nbsp;&nbsp;&nbsp; **Less Dividends and Distributions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dividends from net investment income | (0.35) | (0.42) | (0.33) | (0.27) | (0.30) | (0.42) |
| &nbsp;&nbsp;&nbsp; Net asset value, end of period | $22.91 | $24.75 | $19.11 | $20.46 | $22.40 | $13.95 |
| &nbsp;&nbsp;&nbsp; **Total Return<sup>(b)</sup>:** | (6.10)% | 32.01% | (5.05)% | (7.51)% | 63.44% | (20.02)% |
| &nbsp;&nbsp;&nbsp;**Ratios/Supplemental Data:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of period (000) | $97185 | $110303 | $95179 | $111871 | $128832 | $96607 |
| &nbsp;&nbsp;&nbsp; Average net assets (000) | $107511 | $108635 | $109356 | $122783 | $123830 | $125104 |
| &nbsp;&nbsp;&nbsp; Ratios to average net assets<sup>(c)</sup>: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Expenses after waivers and/or expense reimbursement | 1.13 %<sup>(d)</sup> | 1.13% | 1.13% | 1.13% | 1.13% | 1.14% |
| &nbsp;&nbsp;&nbsp; Expenses before waivers and/or expense reimbursement | 1.32 %<sup>(d)</sup> | 1.32% | 1.36% | 1.33% | 1.33% | 1.39% |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 1.06 %<sup>(d)</sup> | 1.65% | 1.77% | 1.42% | 1.13% | 1.96% |
| &nbsp;&nbsp;&nbsp; Portfolio turnover rate<sup>(e)</sup> | 56% | 97% | 70% | 67% | 81% | 55% |

---

(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) 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 Quant Solutions Mid-Cap Value Fund 35

------

PGIM Quant Solutions Mid-Cap Value Fund

Financial Highlights (unaudited) (continued)

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Class C Shares** | | | | | | |
|  | **Six Months<br>Ended**<br>**April 30,**<br>**2025** |  |  |  |  |  |
|  | **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** | $20.25 | $15.72 | $16.89 | $18.55 | $11.63 | $14.94 |
| &nbsp;&nbsp;&nbsp; **Income (loss) from investment operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 0.03 | 0.17 | 0.18 | 0.12 | 0.05 | 0.15 |
| &nbsp;&nbsp;&nbsp; Net realized and unrealized gain (loss) on investment transactions | (1.33) | 4.65 | (1.15) | (1.64) | 7.10 | (3.16) |
| &nbsp;&nbsp;&nbsp; Total from investment operations | (1.30) | 4.82 | (0.97) | (1.52) | 7.15 | (3.01) |
| &nbsp;&nbsp;&nbsp; **Less Dividends and Distributions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dividends from net investment income | (0.21) | (0.29) | (0.20) | (0.14) | (0.23) | (0.30) |
| &nbsp;&nbsp;&nbsp; Net asset value, end of period | $18.74 | $20.25 | $15.72 | $16.89 | $18.55 | $11.63 |
| &nbsp;&nbsp;&nbsp; **Total Return<sup>(b)</sup>:** | (6.51)% | 30.90% | (5.83)% | (8.24)% | 62.09% | (20.65)% |
| &nbsp;&nbsp;&nbsp;**Ratios/Supplemental Data:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of period (000) | $1081 | $1546 | $2147 | $4527 | $7641 | $6823 |
| &nbsp;&nbsp;&nbsp; Average net assets (000) | $1394 | $1887 | $3424 | $6293 | $8011 | $10577 |
| &nbsp;&nbsp;&nbsp; Ratios to average net assets<sup>(c)</sup>: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Expenses after waivers and/or expense reimbursement | 1.95 %<sup>(d)</sup> | 1.95% | 1.95% | 1.95% | 1.95% | 1.96% |
| &nbsp;&nbsp;&nbsp; Expenses before waivers and/or expense reimbursement | 3.08 %<sup>(d)</sup> | 2.81% | 2.41% | 2.26% | 2.15% | 2.19% |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 0.27 %<sup>(d)</sup> | 0.92% | 1.05% | 0.68% | 0.33% | 1.17% |
| &nbsp;&nbsp;&nbsp; Portfolio turnover rate<sup>(e)</sup> | 56% | 97% | 70% | 67% | 81% | 55% |

---

(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) 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 Quant Solutions Mid-Cap Value Fund

Financial Highlights (unaudited) (continued)

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Class R Shares** | | | | | | |
|  | **Six Months<br>Ended**<br>**April 30,**<br>**2025** |  |  |  |  |  |
|  | **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** | $24.94 | $19.26 | $20.61 | $22.56 | $14.06 | $17.96 |
| &nbsp;&nbsp;&nbsp; **Income (loss) from investment operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 0.09 | 0.32 | 0.28 | 0.26 | 0.18 | 0.24 |
| &nbsp;&nbsp;&nbsp; Net realized and unrealized gain (loss) on investment transactions | (1.63) | 5.71 | (1.37) | (2.01) | 8.58 | (3.78) |
| &nbsp;&nbsp;&nbsp; Total from investment operations | (1.54) | 6.03 | (1.09) | (1.75) | 8.76 | (3.54) |
| &nbsp;&nbsp;&nbsp; **Less Dividends and Distributions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dividends from net investment income | (0.28) | (0.35) | (0.26) | (0.20) | (0.26) | (0.36) |
| &nbsp;&nbsp;&nbsp; Net asset value, end of period | $23.12 | $24.94 | $19.26 | $20.61 | $22.56 | $14.06 |
| &nbsp;&nbsp;&nbsp; **Total Return<sup>(b)</sup>:** | (6.26)% | 31.57% | (5.34)% | (7.79)% | 62.86% | (20.23)% |
| &nbsp;&nbsp;&nbsp;**Ratios/Supplemental Data:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of period (000) | $116 | $128 | $164 | $182 | $352 | $298 |
| &nbsp;&nbsp;&nbsp; Average net assets (000) | $125 | $141 | $144 | $292 | $414 | $386 |
| &nbsp;&nbsp;&nbsp; Ratios to average net assets<sup>(c)</sup>: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Expenses after waivers and/or expense reimbursement | 1.45 %<sup>(d)</sup> | 1.45% | 1.45% | 1.45% | 1.45% | 1.46% |
| &nbsp;&nbsp;&nbsp; Expenses before waivers and/or expense reimbursement | 6.01 %<sup>(d)</sup> | 5.93% | 5.20% | 4.08% | 3.57% | 4.44% |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 0.75 %<sup>(d)</sup> | 1.41% | 1.35% | 1.18% | 0.87% | 1.58% |
| &nbsp;&nbsp;&nbsp; Portfolio turnover rate<sup>(e)</sup> | 56% | 97% | 70% | 67% | 81% | 55% |

---

(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) 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 Quant Solutions Mid-Cap Value Fund 37

------

PGIM Quant Solutions Mid-Cap Value Fund

Financial Highlights (unaudited) (continued)

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Class Z Shares** | | | | | | |
|  | **Six Months<br>Ended**<br>**April 30,**<br>**2025** |  |  |  |  |  |
|  | **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** | $25.12 | $19.39 | $20.75 | $22.71 | $14.14 | $18.06 |
| &nbsp;&nbsp;&nbsp; **Income (loss) from investment operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 0.16 | 0.44 | 0.43 | 0.39 | 0.28 | 0.35 |
| &nbsp;&nbsp;&nbsp; Net realized and unrealized gain (loss) on investment transactions | (1.65) | 5.76 | (1.41) | (2.02) | 8.63 | (3.80) |
| &nbsp;&nbsp;&nbsp; Total from investment operations | (1.49) | 6.20 | (0.98) | (1.63) | 8.91 | (3.45) |
| &nbsp;&nbsp;&nbsp; **Less Dividends and Distributions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dividends from net investment income | (0.41) | (0.47) | (0.38) | (0.33) | (0.34) | (0.47) |
| &nbsp;&nbsp;&nbsp; Net asset value, end of period | $23.22 | $25.12 | $19.39 | $20.75 | $22.71 | $14.14 |
| &nbsp;&nbsp;&nbsp; **Total Return<sup>(b)</sup>:** | (6.03)% | 32.32% | (4.79)% | (7.26)% | 63.81% | (19.75)% |
| &nbsp;&nbsp;&nbsp;**Ratios/Supplemental Data:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of period (000) | $24557 | $29676 | $26636 | $34193 | $65489 | $44469 |
| &nbsp;&nbsp;&nbsp; Average net assets (000) | $28661 | $29616 | $31753 | $49899 | $64701 | $86918 |
| &nbsp;&nbsp;&nbsp; Ratios to average net assets<sup>(c)</sup>: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Expenses after waivers and/or expense reimbursement | 0.89 %<sup>(d)</sup> | 0.89% | 0.89% | 0.89% | 0.87% | 0.88% |
| &nbsp;&nbsp;&nbsp; Expenses before waivers and/or expense reimbursement | 1.00 %<sup>(d)</sup> | 1.00% | 0.99% | 0.97% | 0.95% | 0.96% |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 1.31 %<sup>(d)</sup> | 1.90% | 2.03% | 1.77% | 1.37% | 2.29% |
| &nbsp;&nbsp;&nbsp; Portfolio turnover rate<sup>(e)</sup> | 56% | 97% | 70% | 67% | 81% | 55% |

---

(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) 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 Quant Solutions Mid-Cap Value Fund

Financial Highlights (unaudited) (continued)

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Class R2 Shares** | | | | | | |
|  | **Six Months<br>Ended<br>April 30,**<br>**2025** |  |  |  |  |  |
|  | **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** | $24.95 | $19.26 | $20.62 | $22.56 | $14.05 | $17.95 |
| &nbsp;&nbsp;&nbsp; **Income (loss) from investment operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 0.12 | 0.35 | 0.41 | 0.29 | 0.21 | 0.29 |
| &nbsp;&nbsp;&nbsp; Net realized and unrealized gain (loss) on investment transactions | (1.63) | 5.74 | (1.46) | (1.98) | 8.59 | (3.79) |
| &nbsp;&nbsp;&nbsp; Total from investment operations | (1.51) | 6.09 | (1.05) | (1.69) | 8.80 | (3.50) |
| &nbsp;&nbsp;&nbsp; **Less Dividends and Distributions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dividends from net investment income | (0.33) | (0.40) | (0.31) | (0.25) | (0.29) | (0.40) |
| &nbsp;&nbsp;&nbsp; Net asset value, end of period | $23.11 | $24.95 | $19.26 | $20.62 | $22.56 | $14.05 |
| &nbsp;&nbsp;&nbsp; **Total Return<sup>(b)</sup>:** | (6.15)% | 31.87% | (5.16)% | (7.55)% | 63.25% | (20.07)% |
| &nbsp;&nbsp;&nbsp;**Ratios/Supplemental Data:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of period (000) | $21 | $21 | $12 | $40 | $44 | $33 |
| &nbsp;&nbsp;&nbsp; Average net assets (000) | $21 | $20 | $26 | $43 | $44 | $36 |
| &nbsp;&nbsp;&nbsp; Ratios to average net assets<sup>(c)</sup>: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Expenses after waivers and/or expense reimbursement | 1.23 %<sup>(d)</sup> | 1.23% | 1.23% | 1.23% | 1.23% | 1.24% |
| &nbsp;&nbsp;&nbsp; Expenses before waivers and/or expense reimbursement | 21.33 %<sup>(d)</sup> | 25.02% | 16.92% | 13.29% | 13.76% | 42.28% |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 0.97 %<sup>(d)</sup> | 1.50% | 1.97% | 1.32% | 1.02% | 1.91% |
| &nbsp;&nbsp;&nbsp; Portfolio turnover rate<sup>(e)</sup> | 56% | 97% | 70% | 67% | 81% | 55% |

---

(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) 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 Quant Solutions Mid-Cap Value Fund 39

------

PGIM Quant Solutions Mid-Cap Value Fund

Financial Highlights (unaudited) (continued)

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Class R4 Shares** | | | | | | |
|  | **Six Months<br>Ended<br>April 30,**<br>**2025** |  |  |  |  |  |
|  | **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** | $25.01 | $19.30 | $20.67 | $22.62 | $14.08 | $17.99 |
| &nbsp;&nbsp;&nbsp; **Income (loss) from investment operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 0.16 | 0.44 | 0.43 | 0.35 | 0.25 | 0.30 |
| &nbsp;&nbsp;&nbsp; Net realized and unrealized gain (loss) on investment transactions | (1.65) | 5.72 | (1.44) | (2.00) | 8.61 | (3.77) |
| &nbsp;&nbsp;&nbsp; Total from investment operations | (1.49) | 6.16 | (1.01) | (1.65) | 8.86 | (3.47) |
| &nbsp;&nbsp;&nbsp; **Less Dividends and Distributions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dividends from net investment income | (0.39) | (0.45) | (0.36) | (0.30) | (0.32) | (0.44) |
| &nbsp;&nbsp;&nbsp; Net asset value, end of period | $23.13 | $25.01 | $19.30 | $20.67 | $22.62 | $14.08 |
| &nbsp;&nbsp;&nbsp; **Total Return<sup>(b)</sup>:** | (6.06)% | 32.23% | (4.94)% | (7.34)% | 63.70% | (19.89)% |
| &nbsp;&nbsp;&nbsp;**Ratios/Supplemental Data:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of period (000) | $48 | $198 | $313 | $1579 | $1778 | $2761 |
| &nbsp;&nbsp;&nbsp; Average net assets (000) | $134 | $369 | $1455 | $1706 | $2631 | $2859 |
| &nbsp;&nbsp;&nbsp; Ratios to average net assets<sup>(c)</sup>: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Expenses after waivers and/or expense reimbursement | 0.98 %<sup>(d)</sup> | 0.98% | 0.98% | 0.98% | 0.98% | 0.99% |
| &nbsp;&nbsp;&nbsp; Expenses before waivers and/or expense reimbursement | 4.50 %<sup>(d)</sup> | 2.25% | 1.39% | 1.33% | 1.29% | 1.62% |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 1.30 %<sup>(d)</sup> | 1.89% | 2.05% | 1.59% | 1.28% | 2.00% |
| &nbsp;&nbsp;&nbsp; Portfolio turnover rate<sup>(e)</sup> | 56% | 97% | 70% | 67% | 81% | 55% |

---

(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) 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 Quant Solutions Mid-Cap Value Fund

Financial Highlights (unaudited) (continued)

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Class R6 Shares** | | | | | | |
|  | **Six Months<br>Ended<br>April 30,**<br>**2025** |  |  |  |  |  |
|  | **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** | $25.06 | $19.35 | $20.71 | $22.66 | $14.10 | $18.01 |
| &nbsp;&nbsp;&nbsp; **Income (loss) from investment operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 0.18 | 0.48 | 0.46 | 0.41 | 0.31 | 0.40 |
| &nbsp;&nbsp;&nbsp; Net realized and unrealized gain (loss) on investment transactions | (1.63) | 5.73 | (1.40) | (2.00) | 8.61 | (3.82) |
| &nbsp;&nbsp;&nbsp; Total from investment operations | (1.45) | 6.21 | (0.94) | (1.59) | 8.92 | (3.42) |
| &nbsp;&nbsp;&nbsp; **Less Dividends and Distributions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dividends from net investment income | (0.45) | (0.50) | (0.42) | (0.36) | (0.36) | (0.49) |
| &nbsp;&nbsp;&nbsp; Net asset value, end of period | $23.16 | $25.06 | $19.35 | $20.71 | $22.66 | $14.10 |
| &nbsp;&nbsp;&nbsp; **Total Return<sup>(b)</sup>:** | (5.91)% | 32.47% | (4.63)% | (7.10)% | 64.08% | (19.68)% |
| &nbsp;&nbsp;&nbsp;**Ratios/Supplemental Data:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of period (000) | $29254 | $35157 | $39113 | $55273 | $67320 | $39149 |
| &nbsp;&nbsp;&nbsp; Average net assets (000) | $33177 | $40994 | $49175 | $65489 | $58904 | $67073 |
| &nbsp;&nbsp;&nbsp; Ratios to average net assets<sup>(c)</sup>: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Expenses after waivers and/or expense reimbursement | 0.73 %<sup>(d)</sup> | 0.73% | 0.73% | 0.73% | 0.73% | 0.74% |
| &nbsp;&nbsp;&nbsp; Expenses before waivers and/or expense reimbursement | 0.90 %<sup>(d)</sup> | 0.88% | 0.86% | 0.85% | 0.85% | 0.86% |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 1.47 %<sup>(d)</sup> | 2.09% | 2.20% | 1.84% | 1.52% | 2.54% |
| &nbsp;&nbsp;&nbsp; Portfolio turnover rate<sup>(e)</sup> | 56% | 97% | 70% | 67% | 81% | 55% |

---

(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) 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 Quant Solutions Mid-Cap Value Fund 41

------

Notes to Financial Statements (unaudited)

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

**1.** **Organization** 

Prudential Investment Portfolios, Inc. 10 (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 Jennison Global Equity Income Fund and PGIM Quant Solutions Mid-Cap Value Fund (each, a "Fund" and collectively, the "Funds"). The Funds are classified as diversified funds for purposes of the 1940 Act.

The Funds have the following investment objectives:

---

| | |
|:---|:---|
| **Fund** | **Investment Objective(s)** |
| &nbsp;&nbsp; PGIM Jennison Global Equity Income Fund<br> ("Jennison Global Equity Income") | to seek income and capital appreciation |
| &nbsp;&nbsp; PGIM Quant Solutions Mid-Cap Value Fund<br> ("Quant Solutions Mid-Cap Value") | to seek capital growth |

---

**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.

Foreign equities traded on foreign securities exchanges are generally valued using pricing vendor services that provide model prices derived using adjustment factors based on information such as local closing price, relevant general and sector indices, currency

------

Notes to Financial Statements (unaudited) (continued)

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

fluctuations, depositary receipts, and futures, as applicable. Securities valued using such model prices are classified as Level 2 in the fair value hierarchy. The models generate an evaluated adjustment factor for each security, which is applied to the local closing price to adjust it for post closing market movements up to the time each Fund is valued. Utilizing that evaluated adjustment factor, the vendor provides an evaluated price for each security. If the vendor does not provide an evaluated price, securities are valued in accordance with exchange-traded common and preferred stock valuation policies discussed above.

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

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.

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.

*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 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.

*Securities Lending:* Certain Funds 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.

------

Notes to Financial Statements (unaudited) (continued)

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

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 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.

*Equity and Mortgage Real Estate Investment Trusts (collectively "REITs"):* Certain Funds invested in REITs, which report information on the source of their distributions annually. Based on current and historical information, a portion of distributions received from REITs during the period is estimated to be dividend income, capital gain or return of capital and recorded accordingly. When material, these estimates are adjusted periodically when the actual source of distributions is disclosed by the REITs.

*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. 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.

---

| | | |
|:---|:---|:---|
| **Expected Distribution Schedule to Shareholders\*** | **Frequency** | **Frequency** |
| &nbsp;&nbsp; **Jennison Global Equity Income** |  |  |
| &nbsp;&nbsp; Net Investment Income |  | Quarterly |
| &nbsp;&nbsp; Short-Term Capital Gains |  | Annually |
| &nbsp;&nbsp; Long-Term Capital Gains |  | Annually |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp; **Quant Solutions Mid-Cap Value** |  |
| &nbsp;&nbsp; Net Investment Income | Annually |
| &nbsp;&nbsp; Short-Term Capital Gains | Annually |
| &nbsp;&nbsp; Long-Term Capital Gains | Annually |

---

\* Under certain circumstances, each Fund may make more than one distribution of short-term and/or long-term capital gains during a fiscal year.

*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 the subadviser's performance of such services, and for rendering administrative services.

The Manager has entered into subadvisory with the subadvisers listed below (each a "subadviser" and collectively the "subadvisers"). The Manager pays for the services of each subadviser.

---

| | |
|:---|:---|
| **Fund** | **Subadviser(s)** |
| Jennison Global Equity Income | Jennison Associates LLC ("Jennison")(a wholly-owned subsidiary of PGIM, Inc.) |
| Quant Solutions Mid-Cap Value | PGIM Quantitative Solutions LLC ("PGIM Quantitative Solutions")(a wholly-owned subsidiary of PGIM, Inc.) |

---

------

Notes to Financial Statements (unaudited) (continued)

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

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:

---

| | | |
|:---|:---|:---|
| **Fund** | **Management Fee** | **Effective**<br> **Management Fee,**<br> **before any waiver**<br> **and/or expense**<br> **reimbursements** |
| Jennison Global Equity Income | 0.745% of average daily net assets up to $500 million; 0.730% of average daily net assets over $500 million to $1 billion; 0.625% of average daily net assets over $1 billion to $2.5 billion; 0.600% of average daily net assets over $2.5 billion to $7.5 billion; 0.580% of average daily net assets over $7.5 billion to $10 billion; 0.560% of average daily net assets over $10 billion. | 0.74% |
| Quant Solutions Mid-Cap Value | 0.73% of average daily net assets to $1 billion; 0.71% of average daily net assets from $1 billion to $3 billion; 0.69% of average daily net assets from $3 billion to $5 billion; 0.67% of average daily net assets over $5 billion. | 0.73 |

---

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 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:

---

| | |
|:---|:---|
| **Fund** | **Class Expense<br>Limitation** |
| &nbsp;&nbsp; Jennison Global Equity Income - Class A | —% |
| &nbsp;&nbsp; Jennison Global Equity Income - Class C |  |
| &nbsp;&nbsp; Jennison Global Equity Income - Class R |  |
| &nbsp;&nbsp; Jennison Global Equity Income - Class Z |  |
| &nbsp;&nbsp; Jennison Global Equity Income - Class R6 | 0.80 |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value - Class A | 1.13 |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value - Class C | 1.95 |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value - Class R | 1.45 |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value - Class Z | 0.95 |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value - Class R2 | 1.23 |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value - Class R4 | 0.98 |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value - Class R6 | 0.73 |

---

The RIC, on behalf of each Fund, has a distribution agreement with Prudential Investment Management Services LLC ("PIMS"), which acts as the distributor of the Class A, Class C, Class R, 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, Class R 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. PIMS has contractually agreed through February 28, 2026 to limit such fees on certain classes based on the average daily net assets. The distribution fees are accrued daily and payable monthly.

The Quant Solutions Mid-Cap Value Fund 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.

Each Fund's annual gross and net distribution rates and maximum shareholder service fee, where applicable, are as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Fund** | **Gross Distribution Fee** | **Net Distribution Fee** | **Shareholder Service Fee** |
| &nbsp;&nbsp; Jennison Global Equity Income - Class A | 0.30% | 0.25% | N/A% |
| &nbsp;&nbsp; Jennison Global Equity Income - Class C | 1.00 | 1.00 | N/A |
| &nbsp;&nbsp; Jennison Global Equity Income - Class R | 0.75 | 0.50 | N/A |
| &nbsp;&nbsp; Jennison Global Equity Income - Class Z | N/A | N/A | N/A |

---

------

Notes to Financial Statements (unaudited) (continued)

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

---

| | | | |
|:---|:---|:---|:---|
| **Fund** | **Gross Distribution Fee** | **Net Distribution Fee** | **Shareholder Service Fee** |
| &nbsp;&nbsp; Jennison Global Equity Income - Class R6 | N/A% | N/A% | N/A% |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value - Class A | 0.30 | 0.25 | N/A |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value - Class C | 1.00 | 1.00 | N/A |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value - Class R | 0.75 | 0.50 | N/A |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value - Class Z | N/A | N/A | N/A |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value - Class R2 | 0.25 | 0.25 | 0.10 |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value - Class R4 | N/A | N/A | 0.10 |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value - Class R6 | N/A | N/A | N/A |

---

The RIC, on behalf of Jennison Global Equity Income, has entered into brokerage commission recapture agreements with certain registered broker-dealers. Under the brokerage commission recapture program, a portion of the commission is returned to the Fund on whose behalf the trades were made. Commission recapture is paid solely to the Fund generating the applicable trades. Such amounts are included within realized gain (loss) on investment transactions presented in the Statement of Operations. For the reporting period ended April 30, 2025, brokerage commissions recaptured under these agreements was as follows:

---

| | |
|:---|:---|
| **Fund** | **Amount** |
| &nbsp;&nbsp; Jennison Global Equity Income | $300 |

---

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:

---

| | | |
|:---|:---|:---|
| **Fund** | **FESL** | **CDSC** |
| &nbsp;&nbsp; Jennison Global Equity Income - Class A | $83578 | $— |
| &nbsp;&nbsp; Jennison Global Equity Income - Class C |  | 425 |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value - Class A | 10398 |  |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value - Class C |  | 152 |

---

PGIM Investments, PGIM Quantitative Solutions, PIMS, PMFS and Jennison 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 "Affiliated 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; Jennison Global Equity Income | $29998999 | $70459548 |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value | 95756385 | 109380920 |

---

A summary of the cost of purchases and proceeds from sales of shares of affiliated mutual funds for the reporting period ended April 30, 2025, is presented as follows:

#### Jennison Global Equity Income

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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 of<br>Period** | **Shares,<br>End**<br> **of**<br> **Period** | **Income** |
|  **Short-Term Investments - Affiliated Mutual Funds:** | **Short-Term Investments - Affiliated Mutual Funds:** | **Short-Term Investments - Affiliated Mutual Funds:** | **Short-Term Investments - Affiliated Mutual Funds:** | **Short-Term Investments - Affiliated Mutual Funds:** |  |  |  |
|  PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(1)(wb)</sup> | PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(1)(wb)</sup> | PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(1)(wb)</sup> | PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(1)(wb)</sup> | PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(1)(wb)</sup> | PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(1)(wb)</sup> | PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(1)(wb)</sup> | PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(1)(wb)</sup> |
| $11045657 | $48818574 | $58250419 | $— | $— | $1613812 | 1613812 | $77413 |

---

------

Notes to Financial Statements (unaudited) (continued)

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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 of**<br> **Period** | **Shares,**<br> **End**<br> **of**<br> **Period** | **Income** |
|  PGIM Institutional Money Market Fund (7-day effective yield 4.540%)<sup>(1)(b)(wb)</sup> | PGIM Institutional Money Market Fund (7-day effective yield 4.540%)<sup>(1)(b)(wb)</sup> | PGIM Institutional Money Market Fund (7-day effective yield 4.540%)<sup>(1)(b)(wb)</sup> | PGIM Institutional Money Market Fund (7-day effective yield 4.540%)<sup>(1)(b)(wb)</sup> | PGIM Institutional Money Market Fund (7-day effective yield 4.540%)<sup>(1)(b)(wb)</sup> |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; $— | $36010358 | $35275335 | $73 | $756 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;735852 | 736368 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;380<sup>(2)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp; $11045657 | $84828932 | $93525754 | $73 | $756 | $2349664 |  | $77793 |

---

#### Quant Solutions Mid-Cap Value

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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 of**<br> **Period** | **Shares,**<br> **End**<br> **of**<br> **Period** | **Income** |
|  **Short-Term Investments - Affiliated Mutual Funds:** | **Short-Term Investments - Affiliated Mutual Funds:** | **Short-Term Investments - Affiliated Mutual Funds:** | **Short-Term Investments - Affiliated Mutual Funds:** | **Short-Term Investments - Affiliated Mutual Funds:** |  |  |  |
|  PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(1)(wb)</sup> | PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(1)(wb)</sup> | PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(1)(wb)</sup> | PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(1)(wb)</sup> | PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(1)(wb)</sup> | PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(1)(wb)</sup> | PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(1)(wb)</sup> | PGIM Core Government Money Market Fund (7-day effective yield 4.478%)<sup>(1)(wb)</sup> |
| $993654 | $8777653 | $9330795 | $— | $— | $440512 | 440512 | $6125 |
|  PGIM Institutional Money Market Fund (7-day effective yield 4.540%)<sup>(1)(b)(wb)</sup> | PGIM Institutional Money Market Fund (7-day effective yield 4.540%)<sup>(1)(b)(wb)</sup> | PGIM Institutional Money Market Fund (7-day effective yield 4.540%)<sup>(1)(b)(wb)</sup> | PGIM Institutional Money Market Fund (7-day effective yield 4.540%)<sup>(1)(b)(wb)</sup> | PGIM Institutional Money Market Fund (7-day effective yield 4.540%)<sup>(1)(b)(wb)</sup> | PGIM Institutional Money Market Fund (7-day effective yield 4.540%)<sup>(1)(b)(wb)</sup> | PGIM Institutional Money Market Fund (7-day effective yield 4.540%)<sup>(1)(b)(wb)</sup> | PGIM Institutional Money Market Fund (7-day effective yield 4.540%)<sup>(1)(b)(wb)</sup> |
| 1120602 | 45086033 | 44760235 | 107 | 187 | 1446694 | 1447707 | 1682<sup>(2)</sup> |
| $2114256 | $53863686 | $54091030 | $107 | $187 | $1887206 |  | $7807 |

---

(1) The Fund did not have any capital gain distributions during the reporting period.

(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.

(wb) Represents an investment in a Fund 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> **Appreciation** |
| &nbsp;&nbsp; Jennison Global Equity Income | $487062989 | $229877328 | $(22833360) | $207043968 |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value | 147196364 | 18193620 | (11502798) | 6690822 |

---

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; Jennison Global Equity Income | $— | $— |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value | 28128000 | 20089000 |

---

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 Jennison Global Equity Income Fund offers Class A, Class C, Class R, Class Z and Class R6 shares. The Quant Solutions Mid-Cap Value Fund offers Class A, Class C, Class R, Class Z, Class R2, Class R4 and Class R6 shares. Class A shares are sold with a maximum front-end sales charge of 5.50%. Investors who purchase $1 million or more of Class A shares and sell those shares within 12 months of purchase are subject to a CDSC of 1%, although they are not subject to an initial 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 R, 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 common stock, below.

The RIC is authorized to issue 5,500,000,000 shares of capital stock, $0.001 par value per share. The authorized shares of each Fund are currently classified and designated as follows:

---

| | |
|:---|:---|
| **Fund** | **Number of Shares** |
| &nbsp;&nbsp; Jennison Global Equity Income - Class A | 400000000 |
| &nbsp;&nbsp; Jennison Global Equity Income - Class B | 20000000 |
| &nbsp;&nbsp; Jennison Global Equity Income - Class C | 300000000 |
| &nbsp;&nbsp; Jennison Global Equity Income - Class R | 75000000 |
| &nbsp;&nbsp; Jennison Global Equity Income - Class Z | 1250000000 |
| &nbsp;&nbsp; Jennison Global Equity Income - Class T | 650000000 |
| &nbsp;&nbsp; Jennison Global Equity Income - Class R6 | 75000000 |

---

------

Notes to Financial Statements (unaudited) (continued)

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

---

| | |
|:---|:---|
| **Fund** | **Number of Shares** |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value - Class A | 100000000 |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value - Class B | 5000000 |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value - Class C | 30000000 |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value - Class R | 75000000 |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value - Class Z | 190000000 |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value - Class T | 75000000 |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value - Class R2 | 75000000 |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value - Class R4 | 75000000 |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value - Class R6 | 175000000 |

---

The Funds currently do not have any Class B or Class T shares outstanding.

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; Quant Solutions Mid-Cap Value–Class Z | 13921 | 1.3% |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value–Class R2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;542 | 61.1 |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value–Class R4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;552 | 26.7 |

---

At the reporting period end, the number of shareholders holding greater than 5% of the Funds are as follows:

---

| | | |
|:---|:---|:---|
| **Fund** | **Number of Shareholders** | **Percentage of Outstanding Shares** |
| &nbsp;&nbsp; **Affiliated:** | &nbsp;&nbsp; **Affiliated:** | &nbsp;&nbsp; **Affiliated:** |
| &nbsp;&nbsp; Jennison Global Equity Income |  | —% |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value |  |  |
| &nbsp;&nbsp; **Unaffiliated:** |  |  |
| &nbsp;&nbsp; Jennison Global Equity Income | 8 | 60.4 |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value | 5 | 49.2 |

---

------

Transactions in shares of common stock were as follows:

#### Jennison Global Equity Income:

---

| | | |
|:---|:---|:---|
| **Share Class** | **Shares** | **Amount** |
| &nbsp;&nbsp; **Class A** |  |  |
| &nbsp;&nbsp; **Six months ended April 30, 2025:** |  |  |
| &nbsp;&nbsp; Shares sold | 436392 | $6025132 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 1408627 | 18649413 |
| &nbsp;&nbsp; Shares purchased | (3127781) | (43353871) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding before conversion | (1282762) | (18679326) |
| &nbsp;&nbsp; Shares issued upon conversion from other share class(es) | 133677 | 1866849 |
| &nbsp;&nbsp; Shares purchased upon conversion into other share class(es) | (226401) | (3155486) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (1375486) | $(19967963) |
| &nbsp;&nbsp; **Year ended October 31, 2024:** |  |  |
| &nbsp;&nbsp; Shares sold | 638492 | $8415464 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 3423927 | 43961671 |
| &nbsp;&nbsp; Shares purchased | (7184616) | (95895536) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding before conversion | (3122197) | (43518401) |
| &nbsp;&nbsp; Shares issued upon conversion from other share class(es) | 513992 | 6850085 |
| &nbsp;&nbsp; Shares purchased upon conversion into other share class(es) | (290292) | (3925396) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (2898497) | $(40593712) |
| &nbsp;&nbsp; **Class C** |  |  |
| &nbsp;&nbsp; **Six months ended April 30, 2025:** |  |  |
| &nbsp;&nbsp; Shares sold | 45630 | $530499 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 41257 | 456268 |
| &nbsp;&nbsp; Shares purchased | (121005) | (1374272) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding before conversion | (34118) | (387505) |
| &nbsp;&nbsp; Shares purchased upon conversion into other share class(es) | (134355) | (1572794) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (168473) | $(1960299) |
| &nbsp;&nbsp; **Year ended October 31, 2024:** |  |  |
| &nbsp;&nbsp; Shares sold | 43800 | $493412 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 140695 | 1520581 |
| &nbsp;&nbsp; Shares purchased | (304739) | (3399032) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding before conversion | (120244) | (1385039) |
| &nbsp;&nbsp; Shares purchased upon conversion into other share class(es) | (514541) | (5793448) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (634785) | $(7178487) |
| &nbsp;&nbsp; **Class R** |  |  |
| &nbsp;&nbsp; **Six months ended April 30, 2025:** |  |  |
| &nbsp;&nbsp; Shares sold | 19227 | $263574 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 44082 | 583657 |
| &nbsp;&nbsp; Shares purchased | (108278) | (1509256) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (44969) | $(662025) |

---

------

Notes to Financial Statements (unaudited) (continued)

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

#### Jennison Global Equity Income (cont'd.):

---

| | | |
|:---|:---|:---|
| **Share Class** | **Shares** | **Amount** |
| &nbsp;&nbsp; **Year ended October 31, 2024:** |  |  |
| &nbsp;&nbsp; Shares sold | 32142 | $426611 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 108759 | 1395899 |
| &nbsp;&nbsp; Shares purchased | (218373) | (2954173) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (77472) | $(1131663) |
| &nbsp;&nbsp; **Class Z** |  |  |
| &nbsp;&nbsp; **Six months ended April 30, 2025:** |  |  |
| &nbsp;&nbsp; Shares sold | 225637 | $3103457 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 343901 | 4548451 |
| &nbsp;&nbsp; Shares purchased | (1099010) | (15184258) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding before conversion | (529472) | (7532350) |
| &nbsp;&nbsp; Shares issued upon conversion from other share class(es) | 306276 | 4285514 |
| &nbsp;&nbsp; Shares purchased upon conversion into other share class(es) | (39705) | (553630) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (262901) | $(3800466) |
| &nbsp;&nbsp; **Year ended October 31, 2024:** |  |  |
| &nbsp;&nbsp; Shares sold | 438349 | $5786301 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 859356 | 11023093 |
| &nbsp;&nbsp; Shares purchased | (2813994) | (37312610) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding before conversion | (1516289) | (20503216) |
| &nbsp;&nbsp; Shares issued upon conversion from other share class(es) | 284212 | 3832442 |
| &nbsp;&nbsp; Shares purchased upon conversion into other share class(es) | (107031) | (1449572) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (1339108) | $(18120346) |
| &nbsp;&nbsp; **Class R6** |  |  |
| &nbsp;&nbsp; **Six months ended April 30, 2025:** |  |  |
| &nbsp;&nbsp; Shares sold | 63933 | $891863 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 33943 | 450308 |
| &nbsp;&nbsp; Shares purchased | (224017) | (3122323) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding before conversion | (126141) | (1780152) |
| &nbsp;&nbsp; Shares issued upon conversion from other share class(es) | 15264 | 213651 |
| &nbsp;&nbsp; Shares purchased upon conversion into other share class(es) | (76116) | (1084104) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (186993) | $(2650605) |

---

------

---

| | | |
|:---|:---|:---|
| **Share Class** | **Shares** | **Amount** |
| &nbsp;&nbsp; **Year ended October 31, 2024:** |  |  |
| &nbsp;&nbsp; Shares sold | 132700 | $1754082 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 110394 | 1418628 |
| &nbsp;&nbsp; Shares purchased | (667118) | (8866118) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding before conversion | (424024) | (5693408) |
| &nbsp;&nbsp; Shares issued upon conversion from other share class(es) | 34738 | 485889 |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (389286) | $(5207519) |

---

#### Quant Solutions Mid-Cap Value:

---

| | | |
|:---|:---|:---|
| **Share Class** | **Shares** | **Amount** |
| &nbsp;&nbsp; **Class A** |  |  |
| &nbsp;&nbsp; **Six months ended April 30, 2025:** |  |  |
| &nbsp;&nbsp; Shares sold | 52465 | $1271293 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 60653 | 1485383 |
| &nbsp;&nbsp; Shares purchased | (328122) | (8054684) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding before conversion | (215004) | (5298008) |
| &nbsp;&nbsp; Shares issued upon conversion from other share class(es) | 18390 | 430984 |
| &nbsp;&nbsp; Shares purchased upon conversion into other share class(es) | (17036) | (396389) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (213650) | $(5263413) |
| &nbsp;&nbsp; **Year ended October 31, 2024:** |  |  |
| &nbsp;&nbsp; Shares sold | 112308 | $2588484 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 90378 | 1972049 |
| &nbsp;&nbsp; Shares purchased | (712179) | (16284848) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding before conversion | (509493) | (11724315) |
| &nbsp;&nbsp; Shares issued upon conversion from other share class(es) | 33621 | 756084 |
| &nbsp;&nbsp; Shares purchased upon conversion into other share class(es) | (47370) | (1108599) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (523242) | $(12076830) |
| &nbsp;&nbsp; **Class C** |  |  |
| &nbsp;&nbsp; **Six months ended April 30, 2025:** |  |  |
| &nbsp;&nbsp; Shares sold | 1621 | $32452 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 722 | 14513 |
| &nbsp;&nbsp; Shares purchased | (7641) | (145825) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding before conversion | (5298) | (98860) |
| &nbsp;&nbsp; Shares purchased upon conversion into other share class(es) | (13354) | (264955) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (18652) | $(363815) |

---

------

Notes to Financial Statements (unaudited) (continued)

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

#### Quant Solutions Mid-Cap Value (cont'd.):

---

| | | |
|:---|:---|:---|
| **Share Class** | **Shares** | **Amount** |
| &nbsp;&nbsp; **Year ended October 31, 2024:** |  |  |
| &nbsp;&nbsp; Shares sold | 1856 | $34767 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 1861 | 33455 |
| &nbsp;&nbsp; Shares purchased | (20847) | (388283) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding before conversion | (17130) | (320061) |
| &nbsp;&nbsp; Shares purchased upon conversion into other share class(es) | (43132) | (799046) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (60262) | $(1119107) |
| &nbsp;&nbsp; **Class R** |  |  |
| &nbsp;&nbsp; **Six months ended April 30, 2025:** |  |  |
| &nbsp;&nbsp; Shares sold | 274 | $6825 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 55 | 1365 |
| &nbsp;&nbsp; Shares purchased | (427) | (10089) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (98) | $(1899) |
| &nbsp;&nbsp; **Year ended October 31, 2024:** |  |  |
| &nbsp;&nbsp; Shares sold | 858 | $20088 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 137 | 3022 |
| &nbsp;&nbsp; Shares purchased | (4407) | (99309) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (3412) | $(76199) |
| &nbsp;&nbsp; **Class Z** |  |  |
| &nbsp;&nbsp; **Six months ended April 30, 2025:** |  |  |
| &nbsp;&nbsp; Shares sold | 30122 | $768114 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 19139 | 474850 |
| &nbsp;&nbsp; Shares purchased | (180298) | (4394226) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding before conversion | (131037) | (3151262) |
| &nbsp;&nbsp; Shares issued upon conversion from other share class(es) | 19902 | 486626 |
| &nbsp;&nbsp; Shares purchased upon conversion into other share class(es) | (12920) | (308886) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (124055) | $(2973522) |
| &nbsp;&nbsp; **Year ended October 31, 2024:** |  |  |
| &nbsp;&nbsp; Shares sold | 68683 | $1626307 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 28035 | 619288 |
| &nbsp;&nbsp; Shares purchased | (331509) | (7711871) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding before conversion | (234791) | (5466276) |
| &nbsp;&nbsp; Shares issued upon conversion from other share class(es) | 44385 | 1052731 |
| &nbsp;&nbsp; Shares purchased upon conversion into other share class(es) | (1813) | (44552) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (192219) | $(4458097) |

---

------

---

| | | |
|:---|:---|:---|
| **Share Class** | **Shares** | **Amount** |
| &nbsp;&nbsp; **Class R2** |  |  |
| &nbsp;&nbsp; **Six months ended April 30, 2025:** |  |  |
| &nbsp;&nbsp; Shares sold | 33 | $831 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 11 | 277 |
| &nbsp;&nbsp; Shares purchased | (2) | (50) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | 42 | $1058 |
| &nbsp;&nbsp; **Year ended October 31, 2024:** |  |  |
| &nbsp;&nbsp; Shares sold | 260 | $5633 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 15 | 340 |
| &nbsp;&nbsp; Shares purchased | (56) | (1305) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | 219 | $4668 |
| &nbsp;&nbsp; **Class R4** |  |  |
| &nbsp;&nbsp; **Six months ended April 30, 2025:** |  |  |
| &nbsp;&nbsp; Shares sold | 330 | $8348 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 108 | 2676 |
| &nbsp;&nbsp; Shares purchased | (6286) | (152607) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (5848) | $(141583) |
| &nbsp;&nbsp; **Year ended October 31, 2024:** |  |  |
| &nbsp;&nbsp; Shares sold | 1449 | $33548 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 133 | 2914 |
| &nbsp;&nbsp; Shares purchased | (9903) | (247884) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (8321) | $(211422) |
| &nbsp;&nbsp; **Class R6** |  |  |
| &nbsp;&nbsp; **Six months ended April 30, 2025:** |  |  |
| &nbsp;&nbsp; Shares sold | 48851 | $1201121 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 24343 | 601766 |
| &nbsp;&nbsp; Shares purchased | (215055) | (5324258) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding before conversion | (141861) | (3521371) |
| &nbsp;&nbsp; Shares issued upon conversion from other share class(es) | 7804 | 195538 |
| &nbsp;&nbsp; Shares purchased upon conversion into other share class(es) | (5322) | (142918) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (139379) | $(3468751) |
| &nbsp;&nbsp; **Year ended October 31, 2024:** |  |  |
| &nbsp;&nbsp; Shares sold | 251698 | $5757873 |
| &nbsp;&nbsp; Shares issued in reinvestment of dividends and distributions | 44869 | 988022 |
| &nbsp;&nbsp; Shares purchased | (921622) | (21519836) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding before conversion | (625055) | (14773941) |
| &nbsp;&nbsp; Shares issued upon conversion from other share class(es) | 6013 | 144653 |
| &nbsp;&nbsp; Shares purchased upon conversion into other share class(es) | (57) | (1271) |
| &nbsp;&nbsp; Net increase (decrease) in shares outstanding | (619099) | $(14630559) |

---

------

Notes to Financial Statements (unaudited) (continued)

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

**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**<br> **Borrowings** | 1.00% plus the higher of (1) the effective federal funds rate, (2) the daily SOFR rate plus 0.10% or (3) zero 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 Funds indicated below utilized the SCA during the reporting period ended April 30, 2025. The average balance outstanding is for the number of days the Funds 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; Jennison Global Equity Income | $396467 | 5.62% | 15 | $1170000 | $— |
| &nbsp;&nbsp; Quant Solutions Mid-Cap Value | 542500 | 5.47 | 10 | 1303000 | &nbsp;&nbsp;&nbsp;&nbsp;— |

---

------

**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.

---

| | | |
|:---|:---|:---|
| **Risks** | **Jennison<br>Global<br>Equity<br>Income** | **Quant<br>Solutions<br>Mid-Cap<br>Value** |
| &nbsp;&nbsp; Country | X |  |
| &nbsp;&nbsp; Currency | X |  |
| &nbsp;&nbsp; Economic and Market Events | X | X |
| &nbsp;&nbsp; Emerging Markets | X |  |
| &nbsp;&nbsp; Equity and Equity-Related Securities | X | X |
| &nbsp;&nbsp; Foreign Securities | X |  |
| &nbsp;&nbsp; Geographic Concentration | X |  |
| &nbsp;&nbsp; Increase in Expenses | X | X |
| &nbsp;&nbsp; Initial Public Offerings | X |  |
| &nbsp;&nbsp; Large Shareholder and Large Scale Redemption | X | X |
| &nbsp;&nbsp; Management | X | X |
| &nbsp;&nbsp; Market Disruption and Geopolitical | X | X |
| &nbsp;&nbsp; Market | X | X |
| &nbsp;&nbsp; Medium Capitalization (Mid-Cap) Company |  | X |
| &nbsp;&nbsp; Model Design |  | X |
| &nbsp;&nbsp; Model Implementation |  | X |
| &nbsp;&nbsp; Real Estate Investment Trust | X | X |
| &nbsp;&nbsp; Sector Exposure | X | X |
| &nbsp;&nbsp; Value Style | X | X |

---

*Country Risk:* Changes in the business environment may adversely affect operating profits or the value of assets in a specific country. For example, financial factors such as currency controls, devaluation or regulatory changes or stability factors such as mass riots, civil war and other potential events may contribute to companies' operational risks.

*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.

*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

------

Notes to Financial Statements (unaudited) (continued)

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

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.

*Equity and Equity-Related Securities Risk:* Equity and equity-related securities may be subject to changes in value, and their values may be more volatile than those of other asset classes. In addition to an individual security losing value, the value of the equity markets or a sector in which the Fund invests could go down. Different parts of a market can react differently to adverse issuer, market, regulatory, political and economic developments.

*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 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.

*Geographic Concentration Risk:* The Fund's performance may be closely tied to the market, economic, political, regulatory or other conditions in the countries or regions in which the Fund invests. This can result in more pronounced risks based upon conditions that impact one or more countries or regions more or less than other countries or regions.

*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.

*Initial Public Offerings Risk:* The volume of IPOs and the levels at which the newly issued stocks trade in the secondary market are affected by the performance of the stock market overall. If IPOs are brought to the market, availability may be limited and if the Fund desires to acquire shares in such an offering, it may not be able to buy any shares at the offering price, or if it is able to buy shares, it may not be able to buy as many shares at the offering price as it would like. The prices of securities involved in IPOs are often subject to greater and more unpredictable price changes than more established stocks. Such unpredictability can have a dramatic impact on the Fund's performance (higher or lower) and any assumptions by investors based on the affected performance may be unwarranted. In addition, as Fund assets grow, the impact of IPO investments on performance will decline, which could reduce total returns.

*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.

*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

------

Notes to Financial Statements (unaudited) (continued)

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

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, 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.

*Medium Capitalization (Mid-Cap) Company Risk:* The Fund's investments in mid-cap companies carry more risk than investments in larger capitalized companies. Investments in

------

mid-cap companies carry additional risks because earnings of these companies tend to be less predictable; they often have limited product lines, markets, distribution channels or financial resources; and the management of such companies may be dependent on one or a few key people. The market movements of these companies' securities may be more abrupt or erratic than the market movements of securities of larger, more established companies or the stock market in general. Historically, mid-cap companies have sometimes gone through extended periods when they did not perform as well as larger companies. Mid-cap companies generally are comparatively less liquid than larger companies, which may make such investments more difficult to sell at the time and price that the Fund would like. Also, the stocks of mid-cap companies may fall out of favor relative to those of small- or large-capitalization companies, causing the Fund to underperform other equity funds that focus on small- or large-capitalization companies.

*Model Design Risk:* The subadviser uses certain quantitative models to help guide its investment decisions. The design of the underlying models may be flawed or incomplete. The investment models the subadviser uses are based on historical and theoretical underpinnings that it believes are sound. There can be no guarantee, however, that these underpinnings will correlate with security price behavior in the manner assumed by the subadviser's models. Additionally, the quantitative techniques that underlie the subadviser's portfolio construction processes may fail to fully anticipate important risks.

*Model Implementation Risk:* While the subadviser strives to mitigate the likelihood of material implementation errors, it is impossible to completely eliminate the risk of error in the implementation of the computer models that guide the subadviser's quantitative investment processes. Additionally, it may be difficult to implement model recommendations in volatile and rapidly changing market conditions.

*Real Estate Investment Trust ("REIT") Risk:* Investing in REITs involves certain unique risks in addition to those risks associated with investing in the real estate industry in general. REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of any credit extended. REITs are dependent upon management skills, may not be diversified geographically or by property/mortgage asset type, and are subject to heavy cash flow dependency, default by borrowers and self-liquidation. REITs may be more volatile and/or more illiquid than other types of equity securities. REITs (especially mortgage REITs) are subject to interest rate risks. REITs may incur significant amounts of leverage. The Fund will indirectly bear a portion of the expenses, including management fees, paid by each REIT in which it invests, in addition to the expenses of the Fund.

REITs must also meet certain requirements under the Internal Revenue Code of 1986, as amended (the Code) to avoid entity level tax and be eligible to pass-through certain tax attributes of their income to shareholders. REITs are consequently subject to the risk of failing to meet these requirements for favorable tax treatment and of failing to maintain their exemptions from registration under the Investment Company Act of 1940. REITs are subject to the risks of changes in the Code affecting their tax status.

------

Notes to Financial Statements (unaudited) (continued)

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

*Sector Exposure Risk*: At times, the Fund may have a significant portion of its assets invested in the same economic sector, such as the financials sector. Issuers in the same economic sector may be similarly affected by economic or market events, making the Fund more vulnerable to unfavorable developments in that economic sector than funds that invest more broadly.

*Value Style Risk:* Since the Fund follows a value investment style, there is the risk that the value style may be out of favor for long periods of time, that the market will not recognize a security's intrinsic value for a long time or at all, or that a stock judged to be undervalued may actually be appropriately priced or overvalued. Issuers of value stocks may have experienced adverse business developments or may be subject to special risks that have caused the stock to be out of favor. In addition, the Fund's value investment style may go out of favor with investors, negatively affecting the Fund's performance. If the Fund's assessment of market conditions or a company's value is inaccurate, the Fund could suffer losses or produce poor performance relative to other funds.

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.](d942832dex99cert.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.](d942832dex99906cert.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 Investment Portfolios, Inc. 10</u> |
| By: | <u>/s/ Andrew R. French</u> |
|  | Andrew R. French |
|  | Secretary |
| Date: | June 18, 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 18, 2025 |
| By: | <u>/s/ Christian J. Kelly</u> |
|  | Christian J. Kelly |
|  | Chief Financial Officer (Principal Financial Officer) |
| Date: | June 18, 2025 |

---

## Ex-99.Cert

Item 19

**Prudential Investment Portfolios, Inc. 10** 

Semi-Annual period ending 4/30/25

File No. 811-08085

**<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 18, 2025

---

| |
|:---|
| <u>/s/ Stuart S. Parker</u> |
| Stuart S. Parker |
| President and Principal Executive Officer |

---

------

Item 19

**Prudential Investment Portfolios, Inc. 10** 

Semi-Annual period ending 4/30/25

File No. 811-08085

**<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 18, 2025

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| |
|:---|
| <u>/s/ Christian J. Kelly</u> |
| Christian J. Kelly |
| Chief Financial Officer |
| (Principal Financial Officer) |

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## 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 Investment Portfolios, Inc. 10</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 18, 2025 | <u>/s/ Stuart S. Parker</u> |
|  | Stuart S. Parker |
|  | President and Principal Executive Officer |
| June 18, 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.*