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: 811-02619
Prudential MoneyMart Assets, Inc.
f/k/a MoneyMart Assets, Inc.
Exact name of registrant as specified in charter:
Gateway Center 3,
100 Mulberry Street,
Newark, New Jersey 07102
Address of principal executive offices:
Deborah A. Docs
Gateway Center 3,
100 Mulberry Street,
Newark, New Jersey 07102
Name and address of agent for service:
Registrant’s telephone number, including area code: 800-225-1852
Date of fiscal year end: 7/31/2010
Date of reporting period: 1/31/2010
Item 1 – Reports to Stockholders
SEMIANNUAL REPORT
JANUARY 31, 2010
MONEYMART ASSETS, INC.
On or about February 16, 2010, this Fund will be renamed the Prudential MoneyMart Assets, Inc.
FUND TYPE
Money market
OBJECTIVE
Maximum current income consistent with stability of capital and the maintenance of liquidity
This report is not authorized for distribution to prospective investors unless preceded or accompanied by a current prospectus.
The views expressed in this report and information about the Fund’s portfolio holdings are for the period covered by this report and are subject to change thereafter.
The accompanying financial statements as of January 31, 2010, were not audited and, accordingly, no auditor’s opinion is expressed on them.
Prudential, Prudential Financial and the Rock Prudential logo are registered service marks of The Prudential Insurance Company of America, Newark, NJ, and its affiliates.
March 15, 2010
Dear Shareholder:
Recently we announced the renaming of JennisonDryden, Prudential Financial’s mutual fund family, to Prudential Investments. As a result of this change, each of our funds has been renamed to feature “Prudential” as part of its new name. The name of your fund has changed from MoneyMart Assets, Inc. to Prudential MoneyMart Assets, Inc.
While the name of your fund has changed, its investment objectives and portfolio management team remain the same. No action is required on your part. If you participate in an automatic investment plan, your account continues to be invested in the Fund under its new name.
Featuring the Prudential name in our funds creates an immediate connection to the experience and heritage of Prudential, a name recognized by millions for helping people grow and protect their wealth.
On the following pages, you will find your fund’s semiannual report, including a listing of its holdings at period-end. If you have questions about your fund or the renaming of our mutual fund family, please contact your financial professional or visit our website at www.prudentialfunds.com.
Sincerely,
Judy A. Rice, President
Prudential MoneyMart Assets, Inc.
Your Fund’s Performance
Fund objective
The investment objective of MoneyMart Assets, Inc. is to seek maximum current income consistent with stability of capital and the maintenance of liquidity. There can be no assurance that the Fund will achieve its investment objective.
The Fund is a diversified portfolio of high-quality, U.S. dollar-denominated money market securities issued by the U.S. government, its agencies and instrumentalities, and major corporations and commercial banks in the United States and foreign countries. Maturities can range from one day to 13 months. The Fund generally only purchases securities rated in one of the two highest short-term rating categories or one of the three highest long-term rating categories by at least two major rating agencies, or, if not rated, deemed to be of equivalent quality by the investment subadviser.
Yields will fluctuate from time to time, and past performance does not guarantee future results. Current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost. For the most recent month-end performance update, call (800) 225-1852. Gross operating expenses: Class A, 0.60%; Class B, 0.48%; Class C, 0.48%; Class L, 0.98%; Class M, 1.48%; Class X, 1.48%; and Class Z, 0.48%. Net operating expenses: Class A, 0.36%; Class B, 0.35%; Class C, 0.35%; Class L, 0.36%; Class M, 0.36%; Class X, 0.36%; Class Z, 0.35%, after a voluntary waiver of distribution and service (12b-1) fees of Class A, Class L, Class M, and Class X shares and management fees of the Fund.
| | | | | | | | | | | |
Fund Facts as of 1/31/10 | | | | | | | |
| | 7-Day Current Yield | | | Net Asset Value (NAV) | | Weighted Avg. Maturity (WAM) | | Net Assets (Millions) |
Class A | | 0.05 | % | | $ | 1.00 | | 47 Days | | $ | 651.5 |
Class B* | | 0.05 | | | $ | 1.00 | | 47 Days | | $ | 60.8 |
Class C* | | 0.05 | | | $ | 1.00 | | 47 Days | | $ | 20.9 |
Class L | | 0.05 | | | $ | 1.00 | | 47 Days | | $ | 5.3 |
Class M | | 0.05 | | | $ | 1.00 | | 47 Days | | $ | 4.7 |
Class X | | 0.05 | | | $ | 1.00 | | 47 Days | | $ | 3.5 |
Class Z* | | 0.05 | | | $ | 1.00 | | 47 Days | | $ | 187.8 |
iMoneyNet, Inc. Prime Retail Avg.** | | 0.02 | | | | N/A | | 56 Days | | | N/A |
* | Class B, Class C, and Class Z shares are not subject to distribution and service (12b-1) fees. |
** | iMoneyNet, Inc. regularly reports a 7-day current yield and WAM on Tuesdays. This is based on the data of all funds in the iMoneyNet, Inc. Prime Retail Average category as of January 26, 2010, the closest reported date prior to the end of our reporting period. |
| | |
2 | | Visit our website at www.prudentialfunds.com |
An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in the Fund.
Money Market Fund Yield Comparison
Weighted Average Maturity Comparison
Your Fund’s Performance (continued)
Yields will fluctuate from time to time, and past performance does not guarantee future results. Current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost. For the most recent month-end performance update, call (800) 225-1852. Gross operating expenses: Class A, 0.60%; Class B, 0.48%; Class C, 0.48%; Class L, 0.98%; Class M, 1.48%; Class X, 1.48%; and Class Z, 0.48%. Net operating expenses: Class A, 0.36%; Class B, 0.35%; Class C, 0.35%; Class L, 0.36%; Class M, 0.36%; Class X, 0.36%; Class Z, 0.35%, after a voluntary waiver of distribution and service (12b-1) fees of Class A, Class L, Class M, and Class X shares and management fees of the Fund.
The graphs portray weekly 7-day current yields and weekly WAMs for MoneyMart Assets, Inc. (Class A shares—yields only) and the iMoneyNet, Inc. Prime Retail Average every Tuesday from January 27, 2009 to January 26, 2010, the closest dates to the beginning and end of the Fund’s reporting period. Note: iMoneyNet, Inc. regularly reports a 7-day current yield and WAM on Tuesdays. As a result, the data portrayed for the Fund at the end of the reporting period in the graphs may not match the data portrayed in the Fund Facts table as of January 31, 2010.
An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in the Fund.
| | |
4 | | Visit our website at www.prudentialfunds.com |
Fees and Expenses (Unaudited)
As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments and redemptions, as applicable, and (2) ongoing costs, including management fees, distribution and/or service (12b-1) fees, and other Fund expenses, as applicable. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.
The example is based on an investment of $1,000 invested on August 1, 2009, at the beginning of the period, and held through the six-month period ended January 31, 2010. The example is for illustrative purposes only; you should consult the Prospectus for information on initial and subsequent minimum investment requirements.
The Fund’s transfer agent may charge additional fees to holders of certain accounts that are not included in the expenses shown in the table on the following page. These fees apply to individual retirement accounts (IRAs) and Section 403(b) accounts. As of the close of the six-month period covered by the table, IRA fees included an annual maintenance fee of $15 per account (subject to a maximum annual maintenance fee of $25 for all accounts held by the same shareholder). Section 403(b) accounts are charged an annual $25 fiduciary maintenance fee. Some of the fees may vary in amount, or may be waived, based on your total account balance or the number of JennisonDryden Funds, including the Fund, that you own. You should consider the additional fees that were charged to your Fund account over the six-month period when you estimate the total ongoing expenses paid over the period and the impact of these fees on your ending account value, as these additional expenses are not reflected in the information provided in the expense table. Additional fees have the effect of reducing investment returns.
Actual Expenses
The first line for each share class in the table on the following page provides information about actual account values and actual expenses. You may use the information on this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value ÷ $1,000 = 8.6), then multiply the result by the number on the first line under the heading “Expenses Paid During the Six-Month Period” to estimate the expenses you paid on your account during this period.
Hypothetical Example for Comparison Purposes
The second line for each share class in the table on the following page provides information about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before
Fees and Expenses (continued)
expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs such as sales charges (loads). Therefore, the second line for each share class in the table is useful in comparing ongoing costs only and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
| | | | | | | | | | | | | | |
MoneyMart Assets, Inc. | | Beginning Account Value August 1, 2009 | | Ending Account Value January 31, 2010 | | Annualized Expense Ratio | | | Expenses Paid During the Six-Month Period* |
| | | | | | | | | | | | | | |
Class A | | Actual | | $ | 1,000.00 | | $ | 1,000.40 | | 0.36 | % | | $ | 1.82 |
| | Hypothetical | | $ | 1,000.00 | | $ | 1,023.39 | | 0.36 | % | | $ | 1.84 |
| | | | | | | | | | | | | | |
Class B | | Actual | | $ | 1,000.00 | | $ | 1,000.40 | | 0.35 | % | | $ | 1.76 |
| | Hypothetical | | $ | 1,000.00 | | $ | 1,023.44 | | 0.35 | % | | $ | 1.79 |
| | | | | | | | | | | | | | |
Class C | | Actual | | $ | 1,000.00 | | $ | 1,000.40 | | 0.35 | % | | $ | 1.76 |
| | Hypothetical | | $ | 1,000.00 | | $ | 1,023.44 | | 0.35 | % | | $ | 1.79 |
| | | | | | | | | | | | | | |
Class L | | Actual | | $ | 1,000.00 | | $ | 1,000.40 | | 0.36 | % | | $ | 1.82 |
| | Hypothetical | | $ | 1,000.00 | | $ | 1,023.39 | | 0.36 | % | | $ | 1.84 |
| | | | | | | | | | | | | | |
Class M | | Actual | | $ | 1,000.00 | | $ | 1,000.40 | | 0.36 | % | | $ | 1.82 |
| | Hypothetical | | $ | 1,000.00 | | $ | 1,023.39 | | 0.36 | % | | $ | 1.84 |
| | | | | | | | | | | | | | |
Class X | | Actual | | $ | 1,000.00 | | $ | 1,000.40 | | 0.36 | % | | $ | 1.82 |
| | Hypothetical | | $ | 1,000.00 | | $ | 1,023.39 | | 0.36 | % | | $ | 1.84 |
| | | | | | | | | | | | | | |
Class Z | | Actual | | $ | 1,000.00 | | $ | 1,000.40 | | 0.35 | % | | $ | 1.76 |
| | Hypothetical | | $ | 1,000.00 | | $ | 1,023.44 | | 0.35 | % | | $ | 1.79 |
| | | | | | | | | | | | | | |
* Fund expenses (net of fee waivers or subsidies, if any) for each share class are equal to the annualized expense ratio for each share class (provided in the table), multiplied by the average account value over the period, multiplied by the 184 days in the six-month period ended January 31, 2010, and divided by the 365 days in the Fund’s fiscal year ending July 31, 2010 (to reflect the six-month period). Expenses presented in the table include the expenses of any underlying portfolios in which the Fund may invest.
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6 | | Visit our website at www.prudentialfunds.com |
Portfolio of Investments
as of January 31, 2010 (Unaudited)
| | | | | | |
Principal Amount (000) | | Description | | Value (Note 1) |
| | | | | | |
| | | | | | |
| Certificates of Deposit 17.3% | | | |
| | | Banco Bilbao Vizcaya Argentaria SA | | | |
$ | 5,000 | | 0.905%, 3/19/10 | | $ | 5,004,303 |
| 40,000 | | 0.225%, 4/12/10 | | | 40,000,389 |
| 10,000 | | Bank of America NA 0.220%, 2/16/10 | | | 10,000,000 |
| 40,000 | | BNP Paribas/New York 0.240%, 5/20/10 | | | 40,000,000 |
| 10,000 | | Royal Bank of Scotland PLC (The) 0.833%, 2/19/10(b) | | | 10,000,000 |
| | | State Street Bank and Trust Co. | | | |
| 5,000 | | 0.200%, 4/12/10 | | | 5,000,000 |
| 7,000 | | 0.220%, 5/19/10 | | | 7,000,000 |
| 45,000 | | Sumitomo Mitsui Banking Corp./New York 0.260%, 2/1/10 | | | 45,000,000 |
| | | | | | |
| | | | | | 162,004,692 |
| | | | | | |
| |
| Commercial Paper 51.0% | | | |
| 5,000 | | Blackrock, Inc., 144A 0.170%, 3/30/10(a) | | | 4,998,654 |
| 45,000 | | BPCE SA, 144A 0.270%, 2/16/10(a) | | | 44,994,938 |
| 25,000 | | CBA Finance, Inc. (Delaware) 0.180%, 4/6/10(a) | | | 24,992,000 |
| 8,000 | | ENI Finance USA, Inc., 144A 0.140%, 2/17/10(a) | | | 7,999,502 |
| 19,000 | | Intesa Funding LLC 0.200%, 5/6/10(a) | | | 18,990,078 |
| 30,000 | | Nordea North America, Inc. 0.190%, 2/24/10(a) | | | 29,996,358 |
| | | Old Line Funding LLC | | | |
| 4,495 | | 0.150%, 2/10/10, 144A(a) | | | 4,494,831 |
| 10,000 | | 0.150%, 2/12/10(a) | | | 9,999,542 |
| 15,000 | | 0.150%, 2/16/10, 144A(a) | | | 14,999,062 |
| 10,000 | | 0.170%, 3/15/10, 144A(a) | | | 9,998,017 |
| 10,000 | | Philip Morris International, Inc., 144A 0.180%, 3/15/10(a) | | | 9,997,900 |
| 40,000 | | Rabobank USA Financial Corp. 0.200%, 6/2/10(a) | | | 39,973,332 |
| 37,000 | | Royal Bank of Scotland Group PLC (The) 0.430%, 2/5/10(a) | | | 36,998,232 |
See Notes to Financial Statements.
Portfolio of Investments
as of January 31, 2010 (Unaudited) continued
| | | | | | |
Principal Amount (000) | �� | Description | | Value (Note 1) |
| | | | | | |
| Commercial Paper (cont’d.) | | | |
| | | Societe Generale North America, Inc. | | | |
$ | 8,520 | | 0.240%, 2/5/10(a) | | $ | 8,519,773 |
| 35,000 | | 0.200%, 3/19/10(a) | | | 34,991,056 |
| 30,000 | | State Street Corp. 0.210%, 3/1/10(a) | | | 29,995,100 |
| | | Straight-A Funding LLC, 144A | | | |
| 7,000 | | 0.200%, 2/1/10(a) | | | 7,000,000 |
| 10,000 | | 0.200%, 2/8/10(a) | | | 9,999,611 |
| 20,000 | | 0.170%, 2/16/10(a) | | | 19,998,583 |
| 11,000 | | 0.200%, 2/16/10(a) | | | 10,999,083 |
| | | Swedbank AB, Gtd. by Kingdom of Sweden, 144A | | | |
| 29,000 | | 0.900%, 2/10/10(a) | | | 28,993,548 |
| 11,000 | | 0.860%, 2/11/10(a) | | | 10,997,403 |
| 5,000 | | 0.830%, 2/17/10(a) | | | 4,998,178 |
| | | Total Capital Canada Ltd., 144A | | | |
| 4,000 | | 0.180%, 4/14/10(a) | | | 3,998,560 |
| 20,000 | | 0.180%, 4/15/10(a) | | | 19,992,700 |
| 9,000 | | Toyota Motor Credit Corp. 0.180%, 4/19/10(a) | | | 8,996,535 |
| | | Unicredit Delaware, Inc., 144A | | | |
| 14,000 | | 0.190%, 2/10/10(a) | | | 13,999,318 |
| 5,000 | | 0.220%, 3/12/10(a) | | | 4,998,808 |
| | | | | | |
| | | | | | 476,910,702 |
| | | | | | |
| |
| Other Corporate Obligations 15.7% | | | |
| | | Bank of America Corp., | | | |
| 20,000 | | 0.299%, 4/29/10(b)(d) | | | 20,000,000 |
| | | Bank of America, NA, Notes | | | |
| 31,000 | | 0.331%, 2/26/10(b) | | | 31,000,000 |
| | | Barclays Bank PLC/New York | | | |
| 31,000 | | 0.490%, 2/17/10(b) | | | 31,000,000 |
| | | Citigroup Funding, Inc., MTN, | | | |
| 25,000 | | 0.349%, 4/30/10(b)(d) | | | 25,000,000 |
| 35,000 | | Goldman Sachs Group, Inc. (The), Promissory Note 0.400%, 2/3/10(c) | | | 35,000,000 |
| 4,000 | | Metropolitan Life Global Funding, Inc., 144A (original cost $4,010,980; purchased date 1/6/10)(b)(e) 1.001%, 3/25/10 | | | 4,009,583 |
| | | | | | |
| | | | | | 146,009,583 |
| | | | | | |
See Notes to Financial Statements.
| | |
8 | | Visit our website at www.prudentialfunds.com |
| | | | | | | |
Principal Amount (000) | | Description | | Value (Note 1) | |
| | | | | | | |
| |
| U.S. Government Agency Obligations 11.3% | | | | |
| | | Federal Home Loan Bank, Notes | | | | |
$ | 10,000 | | 0.136%, 2/22/10(b) | | $ | 9,995,533 | |
| 8,000 | | 0.120%, 4/16/10(b) | | | 7,997,747 | |
| 5,000 | | 0.400%, 1/4/11 | | | 4,999,288 | |
| 5,000 | | 0.375%, 1/6/11 | | | 4,998,619 | |
| | | Federal Home Loan Mortgage Corp. | | | | |
| 40,000 | | 0.242%, 2/24/10(b) | | | 39,995,603 | |
| 17,497 | | 0.400%, 1/10/11 | | | 17,429,817 | |
| 20,000 | | Federal National Mortgage Association 0.228%, 5/5/10(b) | | | 19,996,483 | |
| | | | | | | |
| | | | | | 105,413,090 | |
| | | | | | | |
| |
| Repurchase Agreements 9.2% | | | | |
| 61,279 | | Barclay Capital LLC, 0.130%, dated 1/29/10, due 2/1/10 in the amount of $61,279,664 (cost $61,279,000)(g) | | | 61,279,000 | |
| 25,000 | | Morgan Stanley, 0.100%, dated 1/29/10, due 2/1/10 in the amount of $25,000,208 (cost $25,000,000)(g) | | | 25,000,000 | |
| | | | | | | |
| | | | | | 86,279,000 | |
| | | | | | | |
| | | Total Investments 104.5% (amortized cost $976,617,067)(f) | | | 976,617,067 | |
| | | Liabilities in excess of other assets (4.5%) | | | (42,143,898 | ) |
| | | | | | | |
| | | Net Assets 100.0% | | $ | 934,473,169 | |
| | | | | | | |
MTN—Medium Term Note.
144A—Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. Unless otherwise noted, 144A securities are deemed to be liquid.
(a) | Rate quoted represents yield-to-maturity as of purchase date. |
(b) | Floating Rate Security. The interest rate shown reflects the rate in effect at January 31, 2010. |
(c) | Indicates a security that has been deemed illiquid. |
(d) | FDIC-Guaranteed issued under temporary liquidity guarantee program. |
(e) | Indicates a restricted security, the aggregate original cost of such security is $4,010,980. The aggregate value of $4,009,583 is approximately 0.4% of net assets. |
(f) | The cost of securities for federal income tax purposes is substantially the same as for financial reporting purposes. |
(g) | Collateralized by U.S. Government and Government Agency guaranteed securities. |
See Notes to Financial Statements.
Portfolio of Investments
as of January 31, 2010 (Unaudited) continued
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—quoted prices in active markets for identical securities
Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3—significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)
The following is a summary of the inputs used as of January 31, 2010 in valuing the Fund’s assets carried at fair value:
| | | | | | | | | |
Investments in Securities | | Level 1 | | Level 2 | | Level 3 |
Certificates of Deposit | | $ | — | | $ | 162,004,692 | | $ | — |
Commercial Paper | | | — | | | 476,910,702 | | | — |
Other Corporate Obligations | | | — | | | 146,009,583 | | | — |
U.S. Government Agency Obligations | | | — | | | 105,413,090 | | | — |
Repurchase Agreements | | | — | | | 86,279,000 | | | — |
| | | | | | | | | |
| | | | | | 976,617,067 | | | |
Other Financial Instruments* | | | — | | | — | | | — |
| | | | | | | | | |
Total | | $ | — | | $ | 976,617,067 | | $ | — |
| | | | | | | | | |
* | Other financial instruments are derivative instruments not reflected in the Portfolio of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument. |
As of July 31, 2009 and January 31, 2010, the Fund did not use any significant unobservable inputs (Level 3) in determining the valuation of investments.
See Notes to Financial Statements.
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10 | | Visit our website at www.prudentialfunds.com |
The industry classification of portfolio holdings and liabilities in excess of other assets shown as a percentage of net assets as of January 31, 2010 were as follows:
| | | |
Commercial Banks | | 26.0 | % |
Foreign Banks | | 33.2 | |
Financial Services | | 14.2 | |
Asset Backed Securities | | 11.4 | |
U.S. Government Agency Obligations | | 11.3 | |
Non-Captive Finance | | 6.9 | |
Tobacco | | 1.1 | |
Insurance | | 0.4 | |
| | | |
| | 104.5 | |
Liabilities in excess of other assets | | (4.5 | ) |
| | | |
| | 100.0 | % |
| | | |
See Notes to Financial Statements.
| | |
MoneyMart Assets, Inc. | | 11 |
Statement of Assets and Liabilities
as of January 31, 2010 (Unaudited)
| | | |
Assets | | | |
Investments, at amortized cost which approximates market value | | $ | 976,617,067 |
Cash | | | 143,456 |
Receivable for Fund shares sold | | | 5,251,449 |
Interest receivable | | | 158,359 |
Prepaid expenses | | | 14,624 |
| | | |
Total assets | | | 982,184,955 |
| | | |
| |
Liabilities | | | |
Payable for investments purchased | | | 39,973,382 |
Payable for Fund shares reacquired | | | 6,847,342 |
Accrued expenses | | | 600,321 |
Affiliated transfer agent fee payable | | | 133,802 |
Management fee payable | | | 84,440 |
Deferred directors’ fees | | | 63,545 |
Dividends payable | | | 8,954 |
| | | |
Total liabilities | | | 47,711,786 |
| | | |
| |
Net Assets | | $ | 934,473,169 |
| | | |
| | | |
Net assets were comprised of: | | | |
Common stock, at par ($.001 par value; 20 billion shares authorized for issuance) | | $ | 934,461 |
Paid-in capital in excess of par | | | 933,538,708 |
| | | |
Net assets, January 31, 2010 | | $ | 934,473,169 |
| | | |
See Notes to Financial Statements.
| | |
12 | | Visit our website at www.prudentialfunds.com |
| | | |
Class A | | | |
Net asset value, offering price and redemption price per share ($651,542,414 ÷ 651,532,951 shares of common stock issued and outstanding) | | $ | 1.00 |
| | | |
| |
Class B | | | |
Net asset value, offering price and redemption price per share ($60,825,467 ÷ 60,823,330 shares of common stock issued and outstanding) | | $ | 1.00 |
| | | |
| |
Class C | | | |
Net asset value, offering price and redemption price per share ($20,913,556 ÷ 20,912,976 shares of common stock issued and outstanding) | | $ | 1.00 |
| | | |
| |
Class L | | | |
Net asset value, offering price and redemption price per share ($5,303,188 ÷ 5,303,084 shares of common stock issued and outstanding) | | $ | 1.00 |
| | | |
| |
Class M | | | |
Net asset value, offering price and redemption price per share ($4,667,229 ÷ 4,667,228 shares of common stock issued and outstanding) | | $ | 1.00 |
| | | |
| |
Class X | | | |
Net asset value, offering price and redemption price per share ($3,469,631 ÷ 3,469,602 shares of common stock issued and outstanding) | | $ | 1.00 |
| | | |
| |
Class Z | | | |
Net asset value, offering price and redemption price per share ($187,751,684 ÷ 187,751,685 shares of common stock issued and outstanding) | | $ | 1.00 |
| | | |
See Notes to Financial Statements.
| | |
MoneyMart Assets, Inc. | | 13 |
Statement of Operations
Six Months Ended January 31, 2010 (Unaudited)
| | | | |
Net Investment Income | | | | |
Income | | | | |
Interest | | $ | 2,087,920 | |
| | | | |
| |
Expenses | | | | |
Management fee | | | 1,547,400 | |
Distribution fee—Class A | | | 446,219 | |
Distribution fee—Class L | | | 14,714 | |
Distribution fee—Class M | | | 31,485 | |
Distribution fee—Class X | | | 22,809 | |
Transfer agent’s fees and expenses (including affiliated expense of $321,400) (Note 3) | | | 547,000 | |
U.S. Treasury Money Market Fund Guarantee Program Fee (Note 7) | | | 55,747 | |
Custodian’s fees and expenses | | | 64,000 | |
Reports to shareholders | | | 50,000 | |
Registration fees | | | 50,000 | |
Directors’ fees | | | 31,000 | |
Legal fees and expenses | | | 17,000 | |
Insurance | | | 11,000 | |
Audit fee | | | 10,000 | |
Miscellaneous | | | 6,078 | |
| | | | |
Total expenses | | | 2,904,452 | |
Less: Management fee waiver (Note 2) | | | (643,702 | ) |
Distribution fee waiver—Class A (Note 2) | | | (414,942 | ) |
Distribution fee waiver—Class L (Note 2) | | | (14,476 | ) |
Distribution fee waiver—Class M (Note 2) | | | (31,180 | ) |
Distribution fee waiver—Class X (Note 2) | | | (22,605 | ) |
| | | | |
Net expenses | | | 1,777,547 | |
| | | | |
Net investment income | | | 310,373 | |
| | | | |
| |
Net Realized Gain On Investments | | | | |
Net realized gain on investment transactions | | | 70,841 | |
| | | | |
Net Increase In Net Assets Resulting From Operations | | $ | 381,214 | |
| | | | |
See Notes to Financial Statements.
| | |
14 | | Visit our website at www.prudentialfunds.com |
Statement of Changes in Net Assets
(Unaudited)
| | | | | | | | |
| | Six Months Ended January 31, 2010 | | | Year Ended July 31, 2009 | |
Increase (Decrease) In Net Assets | | | | | | | | |
Operations | | | | | | | | |
Net investment income | | $ | 310,373 | | | $ | 11,993,557 | |
Net realized gain on investment transactions | | | 70,841 | | | | 62,305 | |
| | | | | | | | |
Net increase in net assets resulting from operations | | | 381,214 | | | | 12,055,862 | |
| | | | | | | | |
Dividends to shareholders (Note 1) | | | | | | | | |
Class A | | | (263,417 | ) | | | (8,555,156 | ) |
Class B | | | (27,685 | ) | | | (953,142 | ) |
Class C | | | (9,585 | ) | | | (321,357 | ) |
Class L | | | (2,141 | ) | | | (13,541 | ) |
Class M | | | (2,338 | ) | | | (20,832 | ) |
Class X | | | (1,672 | ) | | | (11,856 | ) |
Class Z | | | (74,376 | ) | | | (2,179,978 | ) |
| | | | | | | | |
| | | (381,214 | ) | | | (12,055,862 | ) |
| | | | | | | | |
| | |
Fund share transactions (Note 4) (at $1.00 per share) | | | | | | | | |
Net proceeds from shares sold | | | 640,119,894 | | | | 1,675,374,155 | |
Net asset value of shares issued to shareholders in reinvestment of dividends | | | 393,344 | | | | 11,928,462 | |
Net asset value of shares issued in connection with merger (Note 6) | | | — | | | | 50,060,780 | |
Cost of shares reacquired | | | (765,324,652 | ) | | | (1,699,661,258 | ) |
| | | | | | | | |
Net increase (decrease) in net assets from Fund share transactions | | | (124,811,414 | ) | | | 37,702,139 | |
| | | | | | | | |
Total increase (decrease) | | | (124,811,414 | ) | | | 37,702,139 | |
| | |
Net Assets | | | | | | | | |
Beginning of period | | | 1,059,284,583 | | | | 1,021,582,444 | |
| | | | | | | | |
End of period | | $ | 934,473,169 | | | $ | 1,059,284,583 | |
| | | | | | | | |
See Notes to Financial Statements.
| | |
MoneyMart Assets, Inc. | | 15 |
Notes to Financial Statements
(Unaudited)
MoneyMart Assets, Inc. (the “Fund”) is registered under the Investment Company Act of 1940 as a diversified, open-end management investment company. The Fund invests primarily in a portfolio of money market instruments maturing in thirteen months or less whose ratings are within the two highest rating categories by a nationally recognized statistical rating organization or, if not rated, are of comparable quality. The ability of the issuers of the securities held by the Fund to meet their obligations may be affected by economic developments in a specific industry or region.
Note 1. Accounting Policies
The following is a summary of significant accounting policies followed by the Fund in the preparation of its financial statements.
Securities Valuations: Portfolio securities are valued at amortized cost, which approximates fair value. The amortized cost method involves valuing a security at its cost on the date of purchase and thereafter assuming a constant amortization to maturity of any discount or premium. If the amortized cost method is determined not to represent fair value, the fair value shall be determined by or under the direction of the Board of Directors. When determining the fair valuation 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 issuer; the prices of any recent transactions or bids/offers for such securities or any comparable securities; any available analyst media or other reports or information deemed reliable by the investment adviser regarding the issuer or the markets or industry in which it operates.
Securities Transactions and Net Investment Income: Securities transactions are recorded on the trade date. Realized gains or losses on sales of securities are calculated on the identified cost basis. Interest income including amortization of premium and accretion of discount on debt securities, as required, is recorded on the accrual basis. Expenses are recorded on the accrual basis.
Net investment income or loss (other than distribution fees, which are charged directly to the respective class) and realized gains or losses are allocated daily to each class of shares based upon the relative proportion of net assets of each class at the beginning of the day.
| | |
16 | | Visit our website at www.prudentialfunds.com |
Repurchase Agreements: In connection with transactions in repurchase agreements with United States financial institutions, it is the Fund’s policy that its custodian or designated subcustodians under triparty repurchase agreements, as the case may be, take possession of the underlying collateral securities, the value of which exceeds the principal amount of the repurchase transactions, including accrued interest. To the extent that any repurchase transaction exceeds one business day, the value of the collateral is marked to market on a daily basis to ensure the adequacy of the collateral. If the seller defaults and the value of the collateral declines or if bankruptcy proceedings are commenced with respect to the seller of the security, realization of the collateral by the Fund may be delayed or limited.
Loan Participations: The Fund may invest in loan participations. When the Fund purchases a loan participation, the Fund typically enters into a contractual relationship with the lender or third party selling such participations (“Selling Participant”), but not the borrower. As a result, the Fund assumes the credit risk of the borrower, the selling participant and any other persons interpositioned between the Fund and borrower (“intermediate participants”). The Fund may not directly benefit from the collateral supporting the senior loan in which it has purchased the loan participation.
Federal Income Taxes: It is the 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 income and capital gains, if any, to shareholders. Therefore, no federal income tax provision is required.
Dividends and Distributions: The Fund declares daily dividends from net investment income and net realized short-term capital gains or losses. Payment of dividends is made monthly. Dividends and distributions to shareholders, which are determined in accordance with federal income tax regulations and which may differ from generally accepted accounting principles are recorded on the ex-dividend date.
Restricted Securities: The Fund may hold up to 10% of its net assets in illiquid securities, including those which are restricted as to disposition under securities law (“restricted securities”). Restricted securities, sometimes referred to as private placements, are valued pursuant to the valuation procedures noted above.
Estimates: The preparation of the 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.
| | |
MoneyMart Assets, Inc. | | 17 |
Notes to Financial Statements
(Unaudited) continued
Note 2. Agreements
The Fund has a management agreement with Prudential Investments LLC (“PI”). Pursuant to this agreement, PI has responsibility for all investment advisory services and supervises the subadvisor’s performance of such services. PI has entered into a subadvisory agreement with Prudential Investment Management, Inc. (“PIM”). The subadvisory agreement provides that PIM will furnish investment advisory services in connection with the management of the Fund. In connection therewith, PIM is obligated to keep certain books and records of the Fund. PI pays for the services of PIM, the cost of compensation of officers of the Fund, occupancy and certain clerical and bookkeeping costs of the Fund. The Fund bears all other costs and expenses.
The management fee paid to PI is accrued daily and payable monthly, at an annual rate of 0.50% of the Fund’s average daily net assets up to $50 million and 0.30% of the Fund’s average daily net assets in excess of $50 million. The effective management fee rate was 0.18% of the average daily net assets for the six months ended January 31, 2010.
The Fund has a distribution agreement with Prudential Investment Management Services LLC (“PIMS”), which acts as the distributor of the Class A, Class B, Class C, Class L, Class M, Class X and Class Z shares of the Fund. The Fund compensates PIMS for distributing and servicing the Fund’s Class A, Class L, Class M and Class X shares, pursuant to plans of distribution (the “Class A, L, M and X Plans”), regardless of expenses actually incurred by PIMS. The distribution fees are accrued daily and payable monthly.
Pursuant to the Class A, L, M and X Plans, the Fund compensates PIMS for distribution related activities at an annual rate of 0.125%, 0.50%, 1% and 1% of the average daily net assets of the Class A, Class L, Class M and Class X shares, respectively. No distribution or service fees are paid to PIMS as distributor of Class B, Class C and Class Z shares of the Fund.
Effective September 24, 2009, in order to support the income yield, PIMS and PI have voluntarily undertaken to waive distribution and service (12b-1) fees of Class A, Class L, Class M and Class X shares and management fees of the Fund, respectively, such that the 1-day income yield (excluding capital gain or loss) does not fall below 0.05%. The income yield limit was set at 0.10% on May 6, 2009. The waivers are
| | |
18 | | Visit our website at www.prudentialfunds.com |
voluntary and may be modified or terminated at any time. Pursuant to this undertaking, during the six months ended January 31, 2010, PIMS has waived $414,942, $14,476, $31,180 and $22,605 of Class A’s, Class L’s, Class M’s and Class X’s distribution and service (12b-1) fees, respectively, and PI has waived $643,702 of the Fund’s management fees. The Fund is not required to reimburse PIMS and PI for the amounts waived.
PI, PIM and PIMS are indirect, wholly-owned subsidiaries of Prudential Financial, Inc. (“Prudential”).
Note 3. Other Transactions with Affiliates
Prudential Mutual Fund Services LLC (“PMFS”), an affiliate of PI and an indirect, wholly-owned subsidiary of Prudential, serves as the Fund’s transfer agent. Transfer agent’s fees and expenses in the Statement of Operations include certain out-of-pocket and sub-transfer agent expenses paid to non-affiliates, where applicable.
The Fund pays networking fees to affiliated and unaffiliated broker-dealers including fees related to the services of First Clearing, LLC (“First Clearing”), Pruco LLP (“Pruco”) and Wells Fargo Advisors, LLC (“Wells Fargo”), affiliates of PI. These networking fees are payments made to broker/dealers that clear mutual fund transactions through a national clearing system. For the six months ended January 31, 2010, the Fund incurred approximately $111,600 in total networking fees of which approximately $4,700, $80,100 and $6,400 was paid to First Clearing, Pruco and Wells Fargo, respectively. These amounts are included in transfer agent’s fees and expenses in the Statement of Operations.
Note 4. Capital
The Fund offers Class A, Class B, Class C, Class L, Class M, Class X and Class Z shares. Class B, C and Z shares are not subject to any distribution and/or service fees and are offered exclusively for sale to a limited group of investors. There are 20 billion authorized shares of $.001 par value common stock divided into seven classes, which consist of 10 billion Class A, 2.5 billion Class B, 2.5 billion Class C, 1 billion Class L, 1 billion Class M, 1 billion Class X and 2 billion Class Z shares.
| | |
MoneyMart Assets, Inc. | | 19 |
Notes to Financial Statements
(Unaudited) continued
Transactions in shares of common stock (at $1 net asset value per share) were as follows:
| | | | | | |
Class A | | Six Months Ended January 31, 2010 | | | Year Ended July 31, 2009* | |
Shares sold | | 569,934,769 | | | 1,508,960,936 | |
Shares issued in reinvestment of dividends | | 267,971 | | | 8,445,151 | |
Shares issued in connection with reorganization (Note 6) | | — | | | 17,875,062 | |
Shares reacquired | | (681,926,226 | ) | | (1,532,075,948 | ) |
| | | | | | |
Net increase (decrease) in shares outstanding before conversion | | (111,723,486 | ) | | 3,205,201 | |
Shares issued upon conversion from Class M and Class X | | 3,562,063 | | | 4,146,910 | |
| | | | | | |
Net increase (decrease) in shares outstanding | | (108,161,423 | ) | | 7,352,111 | |
| | | | | | |
Class B | | | | | | |
Shares sold | | 9,050,223 | | | 44,660,828 | |
Shares issued in reinvestment of dividends | | 28,488 | | | 901,962 | |
Shares reacquired | | (21,184,680 | ) | | (42,223,049 | ) |
| | | | | | |
Net increase (decrease) in shares outstanding | | (12,105,969 | ) | | 3,339,741 | |
| | | | | | |
Class C | | | | | | |
Shares sold | | 6,562,586 | | | 30,604,768 | |
Shares issued in reinvestment of dividends | | 9,858 | | | 299,028 | |
Shares issued in connection with reorganization (Note 6) | | — | | | 4,983,003 | |
Shares reacquired | | (10,405,613 | ) | | (32,493,125 | ) |
| | | | | | |
Net increase (decrease) in shares outstanding | | (3,833,169 | ) | | 3,393,674 | |
| | | | | | |
Class L | | | | | | |
Shares sold | | 581,791 | | | 2,123,955 | |
Shares issued in reinvestment of dividends | | 2,118 | | | 13,118 | |
Shares issued in connection with reorganization (Note 6) | | — | | | 6,783,328 | |
Shares reacquired | | (1,535,580 | ) | | (2,665,646 | ) |
| | | | | | |
Net increase (decrease) in shares outstanding | | (951,671 | ) | | 6,254,755 | |
| | | | | | |
| | |
20 | | Visit our website at www.prudentialfunds.com |
| | | | | | |
Class M | | Six Months Ended January 31, 2010 | | | Year Ended July 31, 2009* | |
Shares sold | | 976,876 | | | 2,383,558 | |
Shares issued in reinvestment of dividends | | 2,226 | | | 19,459 | |
Shares issued in connection with reorganization (Note 6) | | — | | | 13,301,528 | |
Shares reacquired | | (2,113,104 | ) | | (4,370,505 | ) |
| | | | | | |
Net increase (decrease) in shares outstanding before conversion | | (1,134,002 | ) | | 11,334,040 | |
Shares reacquired upon conversion into Class A | | (2,603,730 | ) | | (2,929,080 | ) |
| | | | | | |
Net increase (decrease) in shares outstanding | | (3,737,732 | ) | | 8,404,960 | |
| | | | | | |
Class X | | | | | | |
Shares sold | | 528,798 | | | 1,952,968 | |
Shares issued in reinvestment of dividends | | 1,668 | | | 11,328 | |
Shares issued in connection with reorganization (Note 6) | | — | | | 7,117,859 | |
Shares reacquired | | (1,439,244 | ) | | (2,527,612 | ) |
| | | | | | |
Net increase (decrease) in shares outstanding before conversion | | (908,778 | ) | | 6,554,543 | |
Shares reacquired upon conversion into Class A | | (958,333 | ) | | (1,217,830 | ) |
| | | | | | |
Net increase (decrease) in shares outstanding | | (1,867,111 | ) | | 5,336,713 | |
| | | | | | |
Class Z | | | | | | |
Shares sold | | 52,484,851 | | | 84,683,433 | |
Shares issued in reinvestment of dividends | | 81,015 | | | 2,238,411 | |
Shares reacquired | | (46,720,205 | ) | | (83,305,373 | ) |
| | | | | | |
Net increase (decrease) in shares outstanding | | 5,845,661 | | | 3,616,471 | |
| | | | | | |
* | Commencement of offering for Class L, Class M and Class X was October 27, 2008. |
Note 5. Distributions and Tax Information
Management has analyzed the Fund’s tax positions taken on federal income tax returns for all open tax years and has concluded that as of January 31, 2010, no provision for income tax would be required in the Fund’s financial statements. The Fund’s federal and state income and federal excise tax returns for tax years for which the applicable statutes of limitations have not expired are subject to examination by the Internal Revenue Service and state departments of revenue.
Note 6. Reorganization
At the close of business on December 19, 2008, the Fund acquired all of the net assets of Dryden Money Market Fund, a series of Strategic Partners Mutual Funds, Inc., pursuant to a tax-free plan of reorganization approved by the Dryden Money Market Fund shareholders on November 25, 2008. The acquisition was accomplished by a tax-free issue of Class A, Class C, Class L, Class M and Class X shares for the
| | |
MoneyMart Assets, Inc. | | 21 |
Notes to Financial Statements
(Unaudited) continued
corresponding classes of Dryden Money Market Fund. Class D shareholders of Dryden Money Market Fund received Class A shares of the Fund.
| | | | | | | | | |
Dryden Money Market Fund | | MoneyMart Assets, Inc. |
Class | | Shares | | Class | | Shares | | Value |
A | | 11,983,673 | | A | | 17,875,062 | | $ | 17,875,062 |
C | | 4,981,703 | | C | | 4,983,003 | | | 4,983,003 |
D | | 5,948,710 | | L | | 6,783,328 | | | 6,783,328 |
L | | 6,782,613 | | M | | 13,301,528 | | | 13,301,528 |
M | | 13,336,994 | | X | | 7,117,859 | | | 7,117,859 |
X | | 7,142,761 | | | | | | | |
The aggregate net assets of Dryden Money Market Fund and the Fund immediately before the acquisition were $50,131,632 and $1,072,491,665, respectively.
The Fund acquired capital loss carryforward from the reorganization with Dryden Money Market Fund of approximately $13,000. The Fund utilized the full capital loss carryforward to offset net taxable gains realized in the fiscal year ended July 31, 2009.
Note 7. Other
During the reporting period, with the approval of the Board of Directors, the Fund participated in the U.S. Treasury Department’s Temporary Guarantee Program for Money Market Funds (the “Program”) through its expiration on September 18, 2009. In connection with the participation, the Fund incurred $55,747 in fees, which was .01% of average daily net assets during the six months ended January 31, 2010.
Note 8. New Accounting Pronouncement
In January 2010, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2010-06 “Improving Disclosures about Fair Value Measurements”. ASU 2010-06 will require reporting entities to make new disclosures about amounts and reasons for significant transfers in and out of Level 1 and Level 2 fair value measurements and input and valuation techniques used to measure fair value for both recurring and nonrecurring fair value measurements that fall in either Level 2 or Level 3, and information on purchases, sales, issuances, and settlements in the roll forward of activity in Level 3 fair value measurements. The new
| | |
22 | | Visit our website at www.prudentialfunds.com |
and revised disclosures are effective for interim and annual reporting periods beginning after December 15, 2009 except for the disclosures about purchases, sales, issuances, and settlements in the roll forward of activity in Level 3 fair value measurements, which are effective for interim and annual reporting periods beginning after December 15, 2010. At this time, management is evaluating the implications of ASU No. 2010-06 and its impact on the financial statements has not been determined.
Note 9. Subsequent Events
Management has evaluated the impact of all subsequent events on the Fund through the date the financial statements are issued and has determined that there were no subsequent events requiring recognition or disclosure in the financial statements other than the following.
Effective March 1, 2010, in order to support the income yield, PIMS and PI have voluntarily undertaken to waive distribution and service (12b-1) fees of Class A, Class L, Class M and Class X shares and management fees of the Fund, respectively, such that the 1-day income yield (excluding capital gain or loss) does not fall below 0.02%.
| | |
MoneyMart Assets, Inc. | | 23 |
Financial Highlights
(Unaudited)
| | | | |
| | Class A | |
| | Six Months Ended January 31, 2010 | |
Per Share Operating Performance: Net Asset Value, Beginning Of Period | | $ | 1.000 | |
| | | | |
Income from investment operations: | | | | |
Net investment income and net realized gains | | | — | (g) |
Dividends to shareholders | | | — | (g) |
| | | | |
Net asset value, end of period | | $ | 1.000 | |
| | | | |
Total Return(b): | | | .04 | % |
Ratios/Supplemental Data: | | | | |
Net assets, end of period (000) | | $ | 651,542 | |
Average net assets (000) | | $ | 708,124 | |
Ratios to average net assets(f): | | | | |
Expenses, including distribution and service (12b-1) fees | | | .36 | %(c)(d) |
Expenses, excluding distribution and service (12b-1) fees | | | .35 | %(c)(e) |
Net investment income | | | .06 | %(c)(d) |
(a) | For the seven-month period ended July 31, 2007. The Fund changed its fiscal year end from December 31 to July 31, effective July 31, 2007. |
(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. Total returns may reflect adjustments to conform to generally accepted accounting principles. Total returns for periods of less than one full year are not annualized. |
(d) | Net of management fee and distribution and service (12b-1) fees waiver. If the investment manager had not waived expenses, the expense ratio including distribution and service (12b-1) fees and the net investment income (loss) ratio would have been .60% and (.19)% for the six months ended January 31, 2010 and .56% and 1.08%, respectively for the year ended July 31, 2009. |
(e) | Net of management fee waiver. If the investment manager had not waived expenses, the expense ratio excluding distribution and service (12b-1) fees would have been .48% for the six months ended January 31, 2010. |
(f) | Includes .01% and .03% of the U.S. Treasury Money Market Fund Guarantee Program fee for the six months ended January 31, 2010 and year ended July 31, 2009, respectively. |
(g) | Less than $.005 per share. |
See Notes to Financial Statements.
| | |
24 | | Visit our website at www.prudentialfunds.com |
| | | | | | | | | | | | | | | | | | | | | | |
Class A | |
Year Ended July 31, 2009 | | | Year Ended July 31, 2008 | | | Seven-Month Period Ended July 31, 2007(a) | | | Year Ended December 31, | |
| | | 2006 | | | 2005 | | | 2004 | |
| | | | | |
$ | 1.000 | | | $ | 1.000 | | | $ | 1.000 | | | $ | 1.000 | | | $ | 1.000 | | | $ | 1.000 | |
| | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | |
| .011 | | | | .037 | | | | .028 | | | | .044 | | | | .025 | | | | .007 | |
| (.011 | ) | | | (.037 | ) | | | (.028 | ) | | | (.044 | ) | | | (.025 | ) | | | (.007 | ) |
| | | | | | | | | | | | | | | | | | | | | | |
$ | 1.000 | | | $ | 1.000 | | | $ | 1.000 | | | $ | 1.000 | | | $ | 1.000 | | | $ | 1.000 | |
| | | | | | | | | | | | | | | | | | | | | | |
| 1.10 | % | | | 3.79 | % | | | 2.74 | % | | | 4.46 | % | | | 2.58 | % | | | .70 | % |
| | | | | | | | | | | | | | | | | | | | | | |
$ | 759,704 | | | $ | 752,350 | | | $ | 646,959 | | | $ | 652,403 | | | $ | 698,040 | | | $ | 890,637 | |
$ | 783,488 | | | $ | 698,827 | | | $ | 640,915 | | | $ | 651,453 | | | $ | 786,418 | | | $ | 2,823,600 | |
| | | | | | | | | | | | | | | | | | | | | | |
| .55 | %(d) | | | .54 | % | | | .58 | %(c) | | | .68 | % | | | .80 | % | | | .71 | % |
| .43 | % | | | .42 | % | | | .45 | %(c) | | | .56 | % | | | .67 | % | | | .58 | % |
| 1.09 | %(d) | | | 3.57 | % | | | 4.84 | %(c) | | | 4.38 | % | | | 2.46 | % | | | .54 | % |
See Notes to Financial Statements.
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MoneyMart Assets, Inc. | | 25 |
Financial Highlights
(Unaudited) continued
| | | | |
| | Class B | |
| | Six Months Ended January 31, 2010 | |
Per Share Operating Performance: | | | | |
Net Asset Value, Beginning Of Period | | $ | 1.000 | |
| | | | |
Income from investment operations: | | | | |
Net investment income and net realized gains | | | — | (g) |
Dividends to shareholders | | | — | (g) |
| | | | |
Net asset value, end of period | | $ | 1.000 | |
| | | | |
Total Return(c): | | | .04 | % |
Ratios/Supplemental Data: | | | | |
Net assets, end of period (000) | | $ | 60,825 | |
Average net assets (000) | | $ | 65,317 | |
Ratios to average net assets(f): | | | | |
Expenses, including distribution and service (12b-1) fees | | | .35 | %(d)(e) |
Expenses, excluding distribution and service (12b-1) fees | | | .35 | %(d)(e) |
Net investment income | | | .07 | %(d)(e) |
(a) | For the seven-month period ended July 31, 2007. The Fund changed its fiscal year end from December 31 to July 31, effective July 31, 2007. |
(b) | Commencement of offering. |
(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. Total returns may reflect adjustments to conform to generally accepted accounting principles. Total returns for periods of less than one full year are not annualized. |
(e) | Net of management fee waiver. If the investment manager had not waived management fees, the expense ratio including distribution and service (12b-1) fees would have been .48% for the six months ended January 31, 2010. The expense ratio excluding distribution and service (12b-1) fees would have been .48% for the six months ended January 31, 2010. The net investment loss ratio would have been (.06)% for the six months ended January 31, 2010. |
(f) | Includes .01% and .03% of the U.S. Treasury Money Market Fund Guarantee Program fee for the six months ended January 31, 2010 and year ended July 31, 2009, respectively. |
(g) | Less than $.005 per share. |
See Notes to Financial Statements.
| | |
26 | | Visit our website at www.prudentialfunds.com |
| | | | | | | | | | | | | | | | | | |
Class B | |
Year Ended July 31, 2009 | | | Year Ended July 31, 2008 | | | Seven-Month Period Ended July 31, 2007(a) | | | Year Ended December 31, 2006 | | | March 11, 2005(b) through December 31, 2005 | |
| | | | | | | | | | | | | | | | | | |
$ | 1.000 | | | $ | 1.000 | | | $ | 1.000 | | | $ | 1.000 | | | $ | 1.000 | |
| | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | |
| .012 | | | | .038 | | | | .029 | | | | .045 | | | | .023 | |
| (.012 | ) | | | (.038 | ) | | | (.029 | ) | | | (.045 | ) | | | (.023 | ) |
| | | | | | | | | | | | | | | | | | |
$ | 1.000 | | | $ | 1.000 | | | $ | 1.000 | | | $ | 1.000 | | | $ | 1.000 | |
| | | | | | | | | | | | | | | | | | |
| 1.22 | % | | | 3.92 | % | | | 2.81 | % | | | 4.59 | % | | | 2.37 | % |
| | | | | | | | | | | | | | | | | | |
$ | 72,931 | | | $ | 69,590 | | | $ | 64,188 | | | $ | 70,962 | | | $ | 83,891 | |
$ | 78,763 | | | $ | 67,467 | | | $ | 67,491 | | | $ | 76,873 | | | $ | 90,153 | |
| | | | | | | | | | | | | | | | | | |
| .43 | % | | | .42 | % | | | .45 | %(d) | | | .56 | % | | | .65 | %(d) |
| .43 | % | | | .42 | % | | | .45 | %(d) | | | .56 | % | | | .65 | %(d) |
| 1.20 | % | | | 3.76 | % | | | 4.97 | %(d) | | | 4.51 | % | | | 2.84 | %(d) |
See Notes to Financial Statements.
| | |
MoneyMart Assets, Inc. | | 27 |
Financial Highlights
(Unaudited) continued
| | | | |
| | Class C | |
| | Six Months Ended January 31, 2010 | |
Per Share Operating Performance: | | | | |
Net Asset Value, Beginning Of Period | | $ | 1.000 | |
| | | | |
Income from investment operations: | | | | |
Net investment income and net realized gains | | | — | (g) |
Dividends to shareholders | | | — | (g) |
| | | | |
Net asset value, end of period | | $ | 1.000 | |
| | | | |
Total Return(c): | | | .04 | % |
Ratios/Supplemental Data: | | | | |
Net assets, end of period (000) | | $ | 20,914 | |
Average net assets (000) | | $ | 22,498 | |
Ratios to average net assets(f): | | | | |
Expenses, including distribution and service (12b-1) fees | | | .35 | %(d)(e) |
Expenses, excluding distribution and service (12b-1) fees | | | .35 | %(d)(e) |
Net investment income | | | .07 | %(d)(e) |
(a) | For the seven-month period ended July 31, 2007. The Fund changed its fiscal year end from December 31 to July 31, effective July 31, 2007. |
(b) | Commencement of offering. |
(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. Total returns may reflect adjustments to conform to generally accepted accounting principles. Total returns for periods of less than one full year are not annualized. |
(e) | Net of management fee waiver. If the investment manager had not waived management fees, the expense ratio including distribution and service (12b-1) fees would have been .48% for the six months ended January 31, 2010. The expense ratio excluding distribution and service (12b-1) fees would have been .48% for the six months ended January 31, 2010. The net investment loss ratio would have been (.06)% for the six months ended January 31, 2010. |
(f) | Includes .01% and .03% of the U.S. Treasury Money Market Fund Guarantee Program fee for the six months ended January 31, 2010 and year ended July 31, 2009, respectively. |
(g) | Less than $.005 per share. |
See Notes to Financial Statements.
| | |
28 | | Visit our website at www.prudentialfunds.com |
| | | | | | | | | | | | | | | | | | |
Class C | |
Year Ended July 31, 2009 | | | Year Ended July 31, 2008 | | | Seven-Month Period Ended July 31, 2007(a) | | | Year Ended December 31, 2006 | | | March 11, 2005(b) through December 31, 2005 | |
| | | | | | | | | | | | | | | | | | |
$ | 1.000 | | | $ | 1.000 | | | $ | 1.000 | | | $ | 1.000 | | | $ | 1.000 | |
| | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | |
| .012 | | | | .038 | | | | .029 | | | | .045 | | | | .023 | |
| (.012 | ) | | | (.038 | ) | | | (.029 | ) | | | (.045 | ) | | | (.023 | ) |
| | | | | | | | | | | | | | | | | | |
$ | 1.000 | | | $ | 1.000 | | | $ | 1.000 | | | $ | 1.000 | | | $ | 1.000 | |
| | | | | | | | | | | | | | | | | | |
| 1.22 | % | | | 3.92 | % | | | 2.81 | % | | | 4.59 | % | | | 2.37 | % |
| | | | | | | | | | | | | | | | | | |
$ | 24,747 | | | $ | 21,353 | | | $ | 13,422 | | | $ | 12,373 | | | $ | 10,882 | |
$ | 27,653 | | | $ | 15,596 | | | $ | 12,867 | | | $ | 13,294 | | | $ | 12,218 | |
| | | | | | | | | | | | | | | | | | |
| .43 | % | | | .42 | % | | | .45 | %(d) | | | .56 | % | | | .65 | %(d) |
| .43 | % | | | .42 | % | | | .45 | %(d) | | | .56 | % | | | .65 | %(d) |
| 1.16 | % | | | 3.63 | % | | | 4.97 | %(d) | | | 4.56 | % | | | 2.87 | %(d) |
See Notes to Financial Statements.
| | |
MoneyMart Assets, Inc. | | 29 |
Financial Highlights
(Unaudited) continued
| | | | | | | | |
| | Class L | |
| | Six Months Ended January 31, 2010 | | | October 27, 2008(a) through July 31, 2009 | |
Per Share Operating Performance: | | | | | | | | |
Net Asset Value, Beginning Of Period | | $ | 1.000 | | | $ | 1.000 | |
| | | | | | | | |
Income from investment operations: | | | | | | | | |
Net investment income and net realized gains | | | — | (g) | | | .004 | |
Dividends to shareholders | | | — | (g) | | | (.004 | ) |
| | | | | | | | |
Net asset value, end of period | | $ | 1.000 | | | $ | 1.000 | |
| | | | | | | | |
Total Return(b): | | | .04 | % | | | .45 | % |
Ratios/Supplemental Data: | | | | | | | | |
Net assets, end of period (000) | | $ | 5,303 | | | $ | 6,255 | |
Average net assets (000) | | $ | 5,838 | | | $ | 5,397 | |
Ratios to average net assets(f): | | | | | | | | |
Expenses, including distribution and service (12b-1) fees | | | .36 | %(c)(d) | | | .68 | %(c)(d) |
Expenses, excluding distribution and service (12b-1) fees | | | .35 | %(c)(e) | | | .43 | %(c) |
Net investment income | | | .06 | %(c)(d) | | | .33 | %(c)(d) |
(a) | Commencement of offering. |
(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. Total returns may reflect adjustments to conform to generally accepted accounting principles. Total returns for periods of less than one full year are not annualized. |
(d) | Net of management fee and distribution and service (12b-1) fees waiver. If the investment manager had not waived expenses, the expense ratio including distribution and service (12b-1) fees and the net investment income (loss) ratio would have been .98% and (.56)% for the six months ended January 31, 2010 and .93% and .08%, respectively for the period ended July 31, 2009. |
(e) | Net of management fee waiver. If the investment manager had not waived expenses, the expense ratio excluding distribution and service (12b-1) fees would have been .48% for the six months ended January 31, 2010. |
(f) | Includes .01% and .03% of the U.S. Treasury Money Market Fund Guarantee Program fee for the six months ended January 31, 2010 and year ended July 31, 2009, respectively. |
(g) | Less than $.005 per share. |
See Notes to Financial Statements.
| | |
30 | | Visit our website at www.prudentialfunds.com |
| | | | | | | | |
| | Class M | |
| | Six Months Ended January 31, 2010 | | | October 27, 2008(a) through July 31, 2009 | |
Per Share Operating Performance: Net Asset Value, Beginning Of Period | | $ | 1.000 | | | $ | 1.000 | |
| | | | | | | | |
Income from investment operations: | | | | | | | | |
Net investment income and net realized gains | | | — | (g) | | | .004 | |
Dividends to shareholders | | | — | (g) | | | (.004 | ) |
| | | | | | | | |
Net asset value, end of period | | $ | 1.000 | | | $ | 1.000 | |
| | | | | | | | |
Total Return(b): | | | .04 | % | | | .39 | % |
Ratios/Supplemental Data: | | | | | | | | |
Net assets, end of period (000) | | $ | 4,667 | | | $ | 8,405 | |
Average net assets (000) | | $ | 6,246 | | | $ | 8,737 | |
Ratios to average net assets(f): | | | | | | | | |
Expenses, including distribution and service (12b-1) fees | | | .36 | %(c)(d) | | | .72 | %(c)(d) |
Expenses, excluding distribution and service (12b-1) fees | | | .35 | %(c)(e) | | | .43 | %(c) |
Net investment income | | | .06 | %(c)(d) | | | .31 | %(c)(d) |
(a) | Commencement of offering. |
(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. Total returns may reflect adjustments to conform to generally accepted accounting principles. Total returns for periods of less than one full year are not annualized. |
(d) | Net of management fee and distribution and service (12b-1) fees waiver. If the investment manager had not waived expenses, the expense ratio including distribution and service (12b-1) fees and the net investment income (loss) ratio would have been 1.48% and (1.06)% for the six months ended January 31, 2010 and 1.43% and (.40)%, respectively for the period ended July 31, 2009. |
(e) | Net of management fee waiver. If the investment manager had not waived expenses, the expense ratio excluding distribution and service (12b-1) fees would have been .48% for the six months ended January 31, 2010. |
(f) | Includes .01% and .03% of the U.S. Treasury Money Market Fund Guarantee Program fee for the six months ended January 31, 2010 and year ended July 31, 2009, respectively. |
(g) | Less than $.005 per share. |
See Notes to Financial Statements.
| | |
MoneyMart Assets, Inc. | | 31 |
Financial Highlights
(Unaudited) continued
| | | | | | | | |
| | Class X | |
| | Six Months Ended January 31, 2010 | | | October 27, 2008(a) through July 31, 2009 | |
Per Share Operating Performance: | | | | | | | | |
Net Asset Value, Beginning Of Period | | $ | 1.000 | | | $ | 1.000 | |
| | | | | | | | |
Income from investment operations: | | | | | | | | |
Net investment income and net realized gains | | | — | (g) | | | .004 | |
Dividends to shareholders | | | — | (g) | | | (.004 | ) |
| | | | | | | | |
Net asset value, end of period | | $ | 1.000 | | | $ | 1.000 | |
| | | | | | | | |
Total Return(b): | | | .04 | % | | | .39 | % |
Ratios/Supplemental Data: | | | | | | | | |
Net assets, end of period (000) | | $ | 3,470 | | | $ | 5,337 | |
Average net assets (000) | | $ | 4,525 | | | $ | 5,119 | |
Ratios to average net assets(f): | | | | | | | | |
Expenses, including distribution and service (12b-1) fees | | | .36 | %(c)(d) | | | .71 | %(c)(d) |
Expenses, excluding distribution and service (12b-1) fees | | | .35 | %(c)(e) | | | .43 | %(c) |
Net investment income | | | .06 | %(c)(d) | | | .30 | %(c)(d) |
(a) | Commencement of offering. |
(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. Total returns may reflect adjustments to conform to generally accepted accounting principles. Total returns for periods of less than one full year are not annualized. |
(d) | Net of management fee and distribution and service (12b-1) fees waiver. If the investment manager had not waived expenses, the expense ratio including distribution and service (12b-1) fees and the net investment income (loss) ratio would have been 1.48% and (1.06)% for the six months ended January 31, 2010 and 1.43% and (.42)%, respectively for the period ended July 31, 2009. |
(e) | Net of management fee waiver. If the investment manager had not waived expenses, the expense ratio excluding distribution and service (12b-1) fees would have been .48% for the six months ended January 31, 2010. |
(f) | Includes .01% and .03% of the U.S. Treasury Money Market Fund Guarantee Program fee for the six months ended January 31, 2010 and year ended July 31, 2009, respectively. |
(g) | Less than $.005 per share. |
See Notes to Financial Statements.
| | |
32 | | Visit our website at www.prudentialfunds.com |
This Page Intentionally Left Blank
Financial Highlights
(Unaudited) continued
| | | | |
| | Class Z | |
| | Six Months Ended January 31, 2010 | |
Per Share Operating Performance: | | | | |
Net Asset Value, Beginning Of Period | | $ | 1.000 | |
| | | | |
Income from investment operations: | | | | |
Net investment income and net realized gains | | | — | (f) |
Dividends to shareholders | | | — | (f) |
| | | | |
Net asset value, end of period | | $ | 1.000 | |
| | | | |
Total Return(b): | | | .04 | % |
Ratios/Supplemental Data: | | | | |
Net assets, end of period (000) | | $ | 187,752 | |
Average net assets (000) | | $ | 177,301 | |
Ratios to average net assets(e): | | | | |
Expenses, including distribution and service (12b-1) fees | | | .35 | %(c)(d) |
Expenses, excluding distribution and service (12b-1) fees | | | .35 | %(c)(d) |
Net investment income | | | .07 | %(c)(d) |
(a) | For the seven-month period ended July 31, 2007. The Fund changed its fiscal year end from December 31 to July 31, effective July 31, 2007. |
(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. Total returns may reflect adjustments to conform to generally accepted accounting principles. Total returns for periods of less than one full year are not annualized. |
(d) | Net of management fee waiver. If the investment manager had not waived management fees, the expense ratio including distribution and service (12b-1) fees would have been .48% for the six months ended January 31, 2010. The expense ratio excluding distribution and service (12b-1) fees would have been .48% for the six months ended January 31, 2010. The net investment loss ratio would have been (.06)% for the six months ended January 31, 2010. |
(e) | Includes .01% and .03% of the U.S. Treasury Money Market Fund Guarantee Program fee for the six months ended January 31, 2010 and year ended July 31, 2009, respectively. |
(f) | Less than $.005 per share. |
See Notes to Financial Statements.
| | |
34 | | Visit our website at www.prudentialfunds.com |
| | | | | | | | | | | | | | | | | | | | | | |
Class Z | |
Year Ended July 31, 2009 | | | Year Ended July 31, 2008 | | | Seven-Month Period Ended July 31, 2007(a) | | | Year Ended December 31, | |
| | | 2006 | | | 2005 | | | 2004 | |
| | | | | | | | | | | | | | | | | | | | | | |
$ | 1.000 | | | $ | 1.000 | | | $ | 1.000 | | | $ | 1.000 | | | $ | 1.000 | | | $ | 1.000 | |
| | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | |
| .012 | | | | .038 | | | | .029 | | | | .045 | | | | .027 | | | | .008 | |
| (.012 | ) | | | (.038 | ) | | | (.029 | ) | | | (.045 | ) | | | (.027 | ) | | | (.008 | ) |
| | | | | | | | | | | | | | | | | | | | | | |
$ | 1.000 | | | $ | 1.000 | | | $ | 1.000 | | | $ | 1.000 | | | $ | 1.000 | | | $ | 1.000 | |
| | | | | | | | | | | | | | | | | | | | | | |
| 1.22 | % | | | 3.92 | % | | | 2.81 | % | | | 4.59 | % | | | 2.70 | % | | | .82 | % |
| | | | | | | | | | | | | | | | | | | | | | |
$ | 181,906 | | | $ | 178,289 | | | $ | 154,662 | | | $ | 150,156 | | | $ | 187,925 | | | $ | 192,613 | |
$ | 180,110 | | | $ | 173,762 | | | $ | 150,056 | | | $ | 178,667 | | | $ | 187,379 | | | $ | 188,931 | |
| | | | | | | | | | | | | | | | | | | | | | |
| .43 | % | | | .42 | % | | | .45 | %(c) | | | .56 | % | | | .67 | % | | | .58 | % |
| .43 | % | | | .42 | % | | | .45 | %(c) | | | .56 | % | | | .67 | % | | | .58 | % |
| 1.20 | % | | | 3.76 | % | | | 4.97 | %(c) | | | 4.43 | % | | | 2.64 | % | | | .83 | % |
See Notes to Financial Statements.
| | |
MoneyMart Assets, Inc. | | 35 |
| | | | |
n MAIL | | n TELEPHONE | | n WEBSITE |
Gateway Center Three 100 Mulberry Street Newark, NJ 07102 | | (800) 225-1852 | | www.prudentialfunds.com |
|
PROXY VOTING |
The Board of Directors of the Fund has delegated to the Fund’s investment subadviser the responsibility for voting any proxies and maintaining proxy recordkeeping with respect to the Fund. A description of these proxy voting policies and procedures is available without charge, upon request, by calling (800) 225-1852 or by visiting the Securities and Exchange Commission’s website at www.sec.gov. Information regarding how the Fund voted proxies relating to portfolio securities during the most recent 12-month period ended June 30 is available on the Fund’s website and on the Commission’s website. |
|
DIRECTORS |
Kevin J. Bannon • Scott E. Benjamin • Linda W. Bynoe • Michael S. Hyland • Douglas H. McCorkindale • Stephen P. Munn • Richard A. Redeker • Judy A. Rice • Robin B. Smith • Stephen G. Stoneburn |
|
OFFICERS |
Judy A. Rice, President • Scott E. Benjamin, Vice President • Grace C. Torres, Treasurer and Principal Financial and Accounting Officer • Kathryn L. Quirk, Chief Legal Officer • Deborah A. Docs, Secretary • Timothy J. Knierim, Chief Compliance Officer • Valerie M. Simpson, Deputy Chief Compliance Officer • Theresa C. Thompson, Deputy Chief Compliance Officer • Noreen M. Fierro, Anti-Money Laundering Compliance Officer • Jonathan D. Shain, Assistant Secretary • Claudia DiGiacomo, Assistant Secretary • John P. Schwartz, Assistant Secretary • Andrew R. French, Assistant Secretary • M. Sadiq Peshimam, Assistant Treasurer • Peter Parrella, Assistant Treasurer |
| | | | |
MANAGER | | Prudential Investments LLC | | Gateway Center Three 100 Mulberry Street Newark, NJ 07102 |
|
INVESTMENT SUBADVISER | | Prudential Investment Management, Inc. | | Gateway Center Two
100 Mulberry Street Newark, NJ 07102 |
|
DISTRIBUTOR | | Prudential Investment Management Services LLC | | Gateway Center Three 100 Mulberry Street Newark, NJ 07102 |
|
CUSTODIAN | | The Bank of New York Mellon | | One Wall Street New York, NY 10286 |
|
TRANSFER AGENT | | Prudential Mutual Fund Services LLC | | PO Box 9658 Providence, RI 02940 |
|
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | | KPMG LLP | | 345 Park Avenue New York, NY 10154 |
|
FUND COUNSEL | | Sullivan & Cromwell LLP | | 125 Broad Street New York, NY 10004 |
|
An investor should consider the investment objectives, risks, charges, and expenses of the Fund carefully before investing. The prospectus for the Fund contains this and other information about the Fund. An investor may obtain a prospectus by visiting our website at www.prudentialfunds.com or by calling (800) 225-1852. The prospectus should be read carefully before investing. |
E-DELIVERY
To receive your mutual fund documents online, go to www.prudentialfunds.com/edelivery and enroll. Instead of receiving printed documents by mail, you will receive notification via e-mail when new materials are available. You can cancel your enrollment or change your e-mail address at any time by visiting the website address above.
SHAREHOLDER COMMUNICATIONS WITH DIRECTORS
Shareholders can communicate directly with the Board of Directors by writing to the Chair of the Board, MoneyMart Assets, Inc., Attn: Board of Directors, 100 Mulberry Street, Gateway Center Three, Newark, NJ 07102. Shareholders can communicate directly with an individual Director by writing to the same address. Communications to the Board or individual Directors are not screened before being delivered to the addressee.
|
AVAILABILITY OF PORTFOLIO SCHEDULE |
The Fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available on the Commission’s website at www.sec.gov. The Fund’s Forms N-Q may also be reviewed and copied at the Commission’s Public Reference Room in Washington, D.C. Information on the operation and location of the Public Reference Room may be obtained by calling (202) 551-8090. The Fund’s schedule of portfolio holdings is also available on the Fund’s website as of the end of each fiscal quarter. |
Mutual Funds:
| | | | |
ARE NOT INSURED BY THE FDIC OR ANY FEDERAL GOVERNMENT AGENCY | | MAY LOSE VALUE | | ARE NOT A DEPOSIT OF OR GUARANTEED BY ANY BANK OR ANY BANK AFFILIATE |
| | | | | | | | | | | | | | | | | | |
Prudential MoneyMart Assets, Inc. (Formerly known as MoneyMart Assets, Inc.) | | |
| | Share Class | | A | | B | | C | | L | | M | | X | | Z | | |
| | NASDAQ | | PBMXX | | MJBXX | | MJCXX | | N/A | | N/A | | N/A | | PMZXX | | |
| | CUSIP | | 74440W409 | | 74440W201 | | 74440W300 | | 74440W508 | | 74440W607 | | 74440W706 | | 74440W805 | | |
| | | | | | | | | | | | | | | | | | |
MF108E2 0174703-00001-00
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 – Schedule of Investments – The schedule is included as part of the report to shareholders filed under Item 1 of this Form.
Item 7 – Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies – Not applicable.
Item 8 – Portfolio Managers of Closed-End Management Investment Companies – Not applicable.
Item 9 – Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers – Not applicable.
Item 10 – Submission of Matters to a Vote of Security Holders – Not applicable.
Item 11 – 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 that occurred during the registrant’s most recent fiscal quarter of the period covered by this report that has materially affected, or is likely to materially affect, the registrant’s internal control over financial reporting. |
Item 12 – Exhibits
| | | | | | |
| | (a) | | (1) | | Code of Ethics – Not required, as this is not an annual filing. |
| | | |
| | | | (2) | | Certifications pursuant to Section 302 of the Sarbanes-Oxley Act – Attached hereto as Exhibit EX-99.CERT. |
| | | |
| | | | (3) | | Any written solicitation to purchase securities under Rule 23c-1. – Not applicable. |
| | |
| | (b) | | Certifications pursuant to Section 906 of the Sarbanes-Oxley Act – Attached hereto as Exhibit EX-99.906CERT. |
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) Prudential MoneyMart Assets, Inc.
| | |
By: (Signature and Title) | | /S/ DEBORAH A. DOCS |
| | Deborah A. Docs |
| | Secretary |
Date March 29, 2010
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 (Signature and Title) | | /S/ JUDY A. RICE |
| | Judy A. Rice |
| | President and Principal Executive Officer |
Date March 29, 2010
| | |
By (Signature and Title) | | /s/ Grace C. Torres |
| | Grace C. Torres |
| | Treasurer and Principal Financial Officer |
Date March 29, 2010