PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2021 (unaudited)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Long-Term Investments 94.5% | |||||
Sovereign Bonds 85.9% | |||||
Angola 0.7% | |||||
Angolan Government International Bond, Sr. Unsec’d. Notes | 9.500 % | 11/12/25 | 400 | $441,526 | |
Argentina 0.4% | |||||
Argentine Republic Government International Bond, | |||||
Sr. Unsec’d. Notes | 0.500(cc) | 07/09/30 | 466 | 169,053 | |
Sr. Unsec’d. Notes | 1.000 | 07/09/29 | 24 | 9,101 | |
Provincia de Buenos Aires, Sr. Unsec’d. Notes | 9.950 | 06/09/21(d) | 140 | 69,457 | |
247,611 | |||||
Brazil 3.7% | |||||
Brazil Minas SPE via State of Minas Gerais, Gov’t. Gtd. Notes | 5.333 | 02/15/28 | 165 | 177,746 | |
Brazil Notas do Tesouro Nacional, | |||||
Notes, Series NTNF | 10.000 | 01/01/23 | BRL | 3,422 | 673,788 |
Notes, Series NTNF | 10.000 | 01/01/25 | BRL | 3,843 | 763,313 |
Notes, Series NTNF | 10.000 | 01/01/27 | BRL | 1,214 | 241,371 |
Notes, Series NTNF | 10.000 | 01/01/29 | BRL | 1,900 | 378,022 |
Notes, Series NTNF | 10.000 | 01/01/31 | BRL | 200 | 39,414 |
Brazilian Government International Bond, Sr. Unsec’d. Notes | 8.500 | 01/05/24 | BRL | 54 | 10,536 |
2,284,190 | |||||
Chile 2.4% | |||||
Bonos de la Tesoreria de la Republica en pesos, | |||||
Bonds | 4.500 | 03/01/26(a) | CLP | 280,000 | 381,475 |
Bonds | 5.000 | 03/01/35 | CLP | 115,000 | 154,315 |
Bonds, 144A | 5.000 | 10/01/28 | CLP | 110,000 | 151,245 |
Bonds, Series 30YR | 6.000 | 01/01/43(a) | CLP | 135,000 | 199,478 |
Unsec’d. Notes, 144A | 2.300 | 10/01/28 | CLP | 175,000 | 202,549 |
Unsec’d. Notes, 144A | 2.800 | 10/01/33 | CLP | 50,000 | 53,807 |
Unsec’d. Notes, 144A | 4.700 | 09/01/30 | CLP | 250,000 | 336,803 |
1,479,672 |
1
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
China 9.6% | |||||
China Government Bond, | |||||
Bonds, Series 1906 | 3.290 % | 05/23/29 | CNH | 3,690 | $586,903 |
Bonds, Series 1910 | 3.860 | 07/22/49 | CNH | 1,610 | 265,197 |
Bonds, Series INBK | 1.990 | 04/09/25 | CNH | 6,500 | 982,131 |
Bonds, Series INBK | 2.680 | 05/21/30 | CNH | 7,700 | 1,167,295 |
Bonds, Series INBK | 2.850 | 06/04/27 | CNH | 10,500 | 1,630,405 |
Bonds, Series INBK | 3.010 | 05/13/28 | CNH | 2,000 | 312,638 |
Bonds, Series INBK | 3.270 | 11/19/30 | CNH | 3,000 | 478,823 |
Unsec’d. Notes, Series INBK | 3.030 | 03/11/26 | CNH | 2,500 | 392,693 |
Unsec’d. Notes, Series INBK | 3.810 | 09/14/50 | CNH | 1,000 | 164,372 |
5,980,457 | |||||
Colombia 3.2% | |||||
Colombian TES, | |||||
Bonds, Series B | 5.750 | 11/03/27 | COP | 250,000 | 62,172 |
Bonds, Series B | 6.000 | 04/28/28 | COP | 2,121,000 | 528,928 |
Bonds, Series B | 6.250 | 11/26/25 | COP | 1,000,000 | 263,448 |
Bonds, Series B | 7.000 | 06/30/32 | COP | 1,637,900 | 411,174 |
Bonds, Series B | 7.250 | 10/18/34 | COP | 777,800 | 196,351 |
Bonds, Series B | 7.250 | 10/26/50 | COP | 210,000 | 49,185 |
Bonds, Series B | 7.500 | 08/26/26 | COP | 1,150,900 | 314,816 |
Bonds, Series B | 7.750 | 09/18/30 | COP | 500,000 | 135,453 |
Sr. Unsec’d. Notes | 3.750 | 06/16/49 | COP | 185,008 | 44,709 |
2,006,236 | |||||
Czech Republic 2.7% | |||||
Czech Republic Government Bond, | |||||
Bonds, Series 049 | 4.200 | 12/04/36 | CZK | 2,000 | 121,863 |
Bonds, Series 078 | 2.500 | 08/25/28 | CZK | 2,100 | 103,212 |
Bonds, Series 089 | 2.400 | 09/17/25 | CZK | 3,200 | 153,775 |
Bonds, Series 094 | 0.950 | 05/15/30 | CZK | 8,230 | 360,069 |
Bonds, Series 095 | 1.000 | 06/26/26 | CZK | 3,000 | 135,548 |
Bonds, Series 100 | 0.250 | 02/10/27 | CZK | 6,210 | 268,354 |
Bonds, Series 103 | 2.000 | 10/13/33 | CZK | 4,790 | 229,027 |
Bonds, Series 105 | 2.750 | 07/23/29 | CZK | 3,500 | 176,162 |
Bonds, Series 121 | 1.200 | 03/13/31 | CZK | 3,300 | 146,652 |
1,694,662 |
2
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Dominican Republic 0.3% | |||||
Dominican Republic International Bond, Sr. Unsec’d. Notes | 9.750 % | 06/05/26 | DOP | 8,000 | $160,211 |
El Salvador 0.2% | |||||
El Salvador Government International Bond, Sr. Unsec’d. Notes | 7.750 | 01/24/23 | 125 | 121,337 | |
Gabon 0.3% | |||||
Gabon Government International Bond, Sr. Unsec’d. Notes | 6.950 | 06/16/25 | 200 | 216,689 | |
Hungary 3.8% | |||||
Hungary Government Bond, | |||||
Bonds, Series 24/C | 2.500 | 10/24/24 | HUF | 40,000 | 134,877 |
Bonds, Series 25/B | 5.500 | 06/24/25 | HUF | 175,530 | 656,565 |
Bonds, Series 26/D | 2.750 | 12/22/26 | HUF | 70,000 | 239,405 |
Bonds, Series 26/E | 1.500 | 04/22/26 | HUF | 115,000 | 371,225 |
Bonds, Series 27/A | 3.000 | 10/27/27 | HUF | 42,680 | 148,162 |
Bonds, Series 28/A | 6.750 | 10/22/28 | HUF | 76,680 | 330,455 |
Bonds, Series 33/A | 2.250 | 04/20/33 | HUF | 70,000 | 217,837 |
Bonds, Series 34/A | 2.250 | 06/22/34 | HUF | 24,810 | 75,298 |
Bonds, Series 38/A | 3.000 | 10/27/38 | HUF | 21,890 | 70,712 |
Bonds, Series 51/G | 4.000 | 04/28/51 | HUF | 32,540 | 121,158 |
2,365,694 | |||||
Indonesia 10.4% | |||||
Indonesia Treasury Bond, | |||||
Bonds, Series 056 | 8.375 | 09/15/26 | IDR | 8,632,000 | 678,074 |
Bonds, Series 059 | 7.000 | 05/15/27 | IDR | 7,065,000 | 524,036 |
Bonds, Series 064 | 6.125 | 05/15/28 | IDR | 2,400,000 | 168,104 |
Bonds, Series 065 | 6.625 | 05/15/33 | IDR | 3,200,000 | 221,603 |
Bonds, Series 068 | 8.375 | 03/15/34 | IDR | 7,634,000 | 594,883 |
Bonds, Series 070 | 8.375 | 03/15/24 | IDR | 1,410,000 | 107,014 |
Bonds, Series 071 | 9.000 | 03/15/29 | IDR | 4,952,000 | 401,551 |
Bonds, Series 072 | 8.250 | 05/15/36 | IDR | 3,816,000 | 293,676 |
Bonds, Series 073 | 8.750 | 05/15/31 | IDR | 6,511,000 | 527,968 |
Bonds, Series 075 | 7.500 | 05/15/38 | IDR | 4,496,000 | 324,461 |
Bonds, Series 077 | 8.125 | 05/15/24 | IDR | 3,500,000 | 265,551 |
Bonds, Series 078 | 8.250 | 05/15/29 | IDR | 5,050,000 | 395,055 |
Bonds, Series 079 | 8.375 | 04/15/39 | IDR | 400,000 | 31,103 |
3
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Indonesia (cont’d.) | |||||
Indonesia Treasury Bond, (cont’d.) | |||||
Bonds, Series 080 | 7.500 % | 06/15/35 | IDR | 3,870,000 | $281,306 |
Bonds, Series 081 | 6.500 | 06/15/25 | IDR | 7,400,000 | 540,495 |
Bonds, Series 082 | 7.000 | 09/15/30 | IDR | 6,515,000 | 473,375 |
Bonds, Series 083 | 7.500 | 04/15/40 | IDR | 1,800,000 | 130,560 |
Bonds, Series 087 | 6.500 | 02/15/31 | IDR | 7,023,000 | 493,128 |
6,451,943 | |||||
Ivory Coast 0.4% | |||||
Ivory Coast Government International Bond, | |||||
Sr. Unsec’d. Notes | 5.250 | 03/22/30 | EUR | 115 | 144,002 |
Sr. Unsec’d. Notes | 6.875 | 10/17/40 | EUR | 100 | 130,977 |
274,979 | |||||
Malaysia 8.6% | |||||
1MDB Global Investments Ltd., Sr. Unsec’d. Notes | 4.400 | 03/09/23 | 1,000 | 1,004,639 | |
Malaysia Government Bond, | |||||
Bonds, Series 115 | 3.955 | 09/15/25 | MYR | 1,650 | 412,139 |
Bonds, Series 118 | 3.882 | 03/14/25 | MYR | 1,977 | 491,788 |
Bonds, Series 217 | 4.059 | 09/30/24 | MYR | 335 | 83,586 |
Bonds, Series 219 | 3.885 | 08/15/29 | MYR | 2,200 | 547,706 |
Bonds, Series 307 | 3.502 | 05/31/27 | MYR | 500 | 122,463 |
Bonds, Series 310 | 4.498 | 04/15/30 | MYR | 400 | 103,972 |
Bonds, Series 311 | 4.392 | 04/15/26 | MYR | 285 | 72,723 |
Bonds, Series 316 | 3.900 | 11/30/26 | MYR | 2,625 | 661,302 |
Bonds, Series 317 | 4.762 | 04/07/37 | MYR | 1,022 | 268,061 |
Bonds, Series 411 | 4.232 | 06/30/31 | MYR | 280 | 71,541 |
Bonds, Series 413 | 3.844 | 04/15/33 | MYR | 390 | 93,852 |
Bonds, Series 415 | 4.254 | 05/31/35 | MYR | 700 | 175,848 |
Bonds, Series 417 | 3.899 | 11/16/27 | MYR | 1,370 | 343,191 |
Bonds, Series 419 | 3.828 | 07/05/34 | MYR | 500 | 118,618 |
Bonds, Series 513 | 3.733 | 06/15/28 | MYR | 1,480 | 366,551 |
Bonds, Series 519 | 3.757 | 05/22/40 | MYR | 900 | 206,867 |
Malaysia Government Investment Issue, Bonds, Series 617 | 4.724 | 06/15/33 | MYR | 600 | 155,634 |
5,300,481 |
4
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Mexico 4.6% | |||||
Mexican Bonos, | |||||
Bonds, Series M | 7.750 % | 05/29/31 | MXN | 11,710 | $624,669 |
Bonds, Series M | 8.000 | 11/07/47 | MXN | 8,628 | 450,502 |
Bonds, Series M20 | 7.500 | 06/03/27 | MXN | 9,764 | 510,621 |
Bonds, Series M30 | 10.000 | 11/20/36 | MXN | 2,355 | 147,637 |
Sr. Unsec’d. Notes, Series M | 7.750 | 11/13/42 | MXN | 5,400 | 276,208 |
Sr. Unsec’d. Notes, Series M20 | 8.500 | 05/31/29 | MXN | 2,500 | 138,261 |
Sr. Unsec’d. Notes, Series M30 | 8.500 | 11/18/38 | MXN | 7,000 | 384,517 |
Mexican Udibonos, | |||||
Bonds, Series S | 2.750 | 11/27/31 | MXN | 2,913 | 146,952 |
Bonds, Series S | 4.500 | 12/04/25 | MXN | 2,971 | 163,902 |
2,843,269 | |||||
Nigeria 0.4% | |||||
Nigeria Government International Bond, Sr. Unsec’d. Notes | 7.625 | 11/21/25 | 200 | 224,779 | |
Pakistan 1.0% | |||||
Pakistan Government International Bond, Sr. Unsec’d. Notes | 8.250 | 09/30/25 | 200 | 219,130 | |
Third Pakistan International Sukuk Co. Ltd. (The), Sr. Unsec’d. Notes, 144A | 5.625 | 12/05/22 | 400 | 410,747 | |
629,877 | |||||
Peru 1.8% | |||||
Peru Government Bond, | |||||
Bonds | 5.940 | 02/12/29 | PEN | 200 | 50,443 |
Bonds | 6.950 | 08/12/31 | PEN | 190 | 51,453 |
Sr. Unsec’d. Notes | 5.350 | 08/12/40 | PEN | 1,000 | 212,891 |
Sr. Unsec’d. Notes | 5.400 | 08/12/34 | PEN | 580 | 132,666 |
Sr. Unsec’d. Notes | 6.150 | 08/12/32 | PEN | 855 | 215,465 |
Peruvian Government International Bond, | |||||
Sr. Unsec’d. Notes | 6.900 | 08/12/37 | PEN | 521 | 133,384 |
Sr. Unsec’d. Notes | 6.950 | 08/12/31 | PEN | 478 | 131,139 |
Sr. Unsec’d. Notes | 8.200 | 08/12/26 | PEN | 592 | 178,172 |
1,105,613 |
5
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Philippines 0.2% | |||||
Philippine Government Bond, Bonds, Series 1060 | 3.625 % | 09/09/25 | PHP | 5,600 | $116,552 |
Poland 4.6% | |||||
Republic of Poland Government Bond, | |||||
Bonds, Series 0428 | 2.750 | 04/25/28 | PLN | 1,480 | 421,851 |
Bonds, Series 0725 | 3.250 | 07/25/25 | PLN | 761 | 216,178 |
Bonds, Series 0726 | 2.500 | 07/25/26 | PLN | 3,740 | 1,038,896 |
Bonds, Series 0727 | 2.500 | 07/25/27 | PLN | 1,600 | 446,843 |
Bonds, Series 1026 | 0.250 | 10/25/26 | PLN | 280 | 69,342 |
Bonds, Series 1029 | 2.750 | 10/25/29 | PLN | 1,740 | 497,999 |
Bonds, Series 1030 | 1.250 | 10/25/30 | PLN | 750 | 189,375 |
2,880,484 | |||||
Romania 2.2% | |||||
Romania Government Bond, | |||||
Bonds, Series 05 Year | 3.650 | 07/28/25 | RON | 1,000 | 247,919 |
Bonds, Series 05YR | 4.250 | 06/28/23 | RON | 1,145 | 285,295 |
Bonds, Series 07YR | 3.250 | 04/29/24 | RON | 750 | 183,703 |
Bonds, Series 07YR | 4.850 | 04/22/26 | RON | 980 | 255,036 |
Bonds, Series 10YR | 5.000 | 02/12/29 | RON | 500 | 133,256 |
Bonds, Series 10YR | 5.850 | 04/26/23 | RON | 460 | 117,362 |
Bonds, Series 15 Year | 3.650 | 09/24/31 | RON | 590 | 141,651 |
1,364,222 | |||||
Russia 4.9% | |||||
Russian Federal Bond - OFZ, | |||||
Bonds, Series 6212 | 7.050 | 01/19/28 | RUB | 15,495 | 215,560 |
Bonds, Series 6218 | 8.500 | 09/17/31 | RUB | 16,712 | 256,467 |
Bonds, Series 6219 | 7.750 | 09/16/26 | RUB | 12,000 | 171,234 |
Bonds, Series 6221 | 7.700 | 03/23/33 | RUB | 14,280 | 208,687 |
Bonds, Series 6224 | 6.900 | 05/23/29 | RUB | 27,635 | 381,945 |
Bonds, Series 6228 | 7.650 | 04/10/30 | RUB | 22,600 | 327,658 |
Bonds, Series 6229 | 7.150 | 11/12/25 | RUB | 7,500 | 104,378 |
Bonds, Series 6230 | 7.700 | 03/16/39 | RUB | 13,030 | 192,160 |
Bonds, Series 6232 | 6.000 | 10/06/27 | RUB | 8,500 | 112,119 |
Unsec’d. Notes | 5.900 | 03/12/31 | RUB | 72,335 | 931,313 |
Russian Federal Inflation Linked Bond, Unsec’d. Notes, Series 2003 | 2.500 | 07/17/30 | RUB | 8,065 | 108,245 |
3,009,766 |
6
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Serbia 0.3% | |||||
Serbia Treasury Bonds, | |||||
Bonds, Series 07YR | 4.500 % | 01/11/26 | RSD | 9,460 | $104,538 |
Bonds, Series 12.5 | 4.500 | 08/20/32 | RSD | 6,240 | 69,204 |
173,742 | |||||
South Africa 8.9% | |||||
Republic of South Africa Government Bond, | |||||
Sr. Unsec’d. Notes, Series 2023 | 7.750 | 02/28/23 | ZAR | 1,500 | 106,632 |
Sr. Unsec’d. Notes, Series 2030 | 8.000 | 01/31/30 | ZAR | 13,005 | 844,499 |
Sr. Unsec’d. Notes, Series 2032 | 8.250 | 03/31/32 | ZAR | 8,470 | 527,813 |
Sr. Unsec’d. Notes, Series 2035 | 8.875 | 02/28/35 | ZAR | 7,825 | 484,798 |
Sr. Unsec’d. Notes, Series 2037 | 8.500 | 01/31/37 | ZAR | 6,520 | 380,660 |
Sr. Unsec’d. Notes, Series 2040 | 9.000 | 01/31/40 | ZAR | 4,130 | 246,770 |
Sr. Unsec’d. Notes, Series 2044 | 8.750 | 01/31/44 | ZAR | 5,485 | 315,478 |
Sr. Unsec’d. Notes, Series 2048 | 8.750 | 02/28/48 | ZAR | 10,375 | 595,760 |
Sr. Unsec’d. Notes, Series R186 | 10.500 | 12/21/26 | ZAR | 13,661 | 1,061,964 |
Sr. Unsec’d. Notes, Series R209 | 6.250 | 03/31/36 | ZAR | 3,850 | 185,571 |
Sr. Unsec’d. Notes, Series R213 | 7.000 | 02/28/31 | ZAR | 9,170 | 539,632 |
Sr. Unsec’d. Notes, Series R214 | 6.500 | 02/28/41 | ZAR | 4,470 | 203,552 |
5,493,129 | |||||
Thailand 6.8% | |||||
Thailand Government Bond, | |||||
Bonds | 1.600 | 12/17/29 | THB | 16,400 | 508,101 |
Bonds | 2.000 | 06/17/42 | THB | 3,240 | 94,196 |
Bonds | 2.875 | 12/17/28 | THB | 19,480 | 663,884 |
Bonds | 2.875 | 06/17/46 | THB | 6,065 | 200,883 |
Bonds | 3.300 | 06/17/38 | THB | 10,300 | 365,282 |
Bonds | 3.400 | 06/17/36 | THB | 9,585 | 342,931 |
Sr. Unsec’d. Notes | 1.600 | 06/17/35 | THB | 7,100 | 208,784 |
Sr. Unsec’d. Notes | 1.875 | 06/17/49 | THB | 1,063 | 28,874 |
Sr. Unsec’d. Notes | 2.125 | 12/17/26 | THB | 17,450 | 566,873 |
Sr. Unsec’d. Notes | 3.625 | 06/16/23 | THB | 8,530 | 274,537 |
Sr. Unsec’d. Notes | 3.650 | 06/20/31 | THB | 13,735 | 497,871 |
Sr. Unsec’d. Notes | 3.775 | 06/25/32 | THB | 13,125 | 481,756 |
4,233,972 | |||||
Turkey 2.0% | |||||
Turkey Government Bond, | |||||
Bonds | 8.500 | 09/14/22 | TRY | 395 | 42,526 |
7
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Turkey (cont’d.) | |||||
Turkey Government Bond, (cont’d.) | |||||
Bonds | 8.800 % | 09/27/23 | TRY | 500 | $50,115 |
Bonds | 9.000 | 07/24/24 | TRY | 2,700 | 260,675 |
Bonds | 10.500 | 08/11/27 | TRY | 1,031 | 93,384 |
Bonds | 10.600 | 02/11/26 | TRY | 1,465 | 138,898 |
Bonds | 11.000 | 02/24/27 | TRY | 1,630 | 152,487 |
Bonds | 12.200 | 01/18/23 | TRY | 2,315 | 255,832 |
Bonds | 12.400 | 03/08/28 | TRY | 1,000 | 98,305 |
Turkey Government International Bond, Sr. Unsec’d. Notes | 7.375 | 02/05/25 | 130 | 141,083 | |
1,233,305 | |||||
Ukraine 1.3% | |||||
Ukraine Government International Bond, | |||||
Bonds | 17.000 | 05/11/22 | UAH | 500 | 19,459 |
Bonds, 144A | 11.670 | 11/22/23 | UAH | 2,414 | 88,381 |
Sr. Unsec’d. Notes | 6.750 | 06/20/26 | EUR | 150 | 194,314 |
Sr. Unsec’d. Notes | 7.750 | 09/01/24 | 402 | 436,752 | |
Unsec’d. Notes, 144A | 17.250 | 01/05/22 | UAH | 1,328 | 50,915 |
789,821 | |||||
Uruguay 0.2% | |||||
Uruguay Government International Bond, | |||||
Sr. Unsec’d. Notes | 9.875 | 06/20/22 | UYU | 3,260 | 76,577 |
Sr. Unsec’d. Notes, 144A | 8.500 | 03/15/28 | UYU | 1,870 | 44,470 |
121,047 | |||||
Total Sovereign Bonds (cost $53,929,708) | 53,245,266 | ||||
Corporate Bonds 7.5% | |||||
Belarus 0.3% | |||||
Development Bank of the Republic of Belarus JSC, Sr. Unsec’d. Notes, 144A | 6.750 | 05/02/24 | 200 | 186,339 | |
Brazil 0.3% | |||||
JSM Global Sarl, Gtd. Notes, 144A | 4.750 | 10/20/30 | 200 | 207,164 |
8
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Jamaica 0.4% | |||||
Digicel Ltd., Gtd. Notes | 6.750 % | 03/01/23 | 235 | $221,920 | |
Malaysia 0.3% | |||||
Gohl Capital Ltd., Gtd. Notes | 4.250 | 01/24/27 | 200 | 211,803 | |
Mexico 1.8% | |||||
America Movil SAB de CV, Sr. Unsec’d. Notes | 6.450 | 12/05/22 | MXN | 14,250 | 717,443 |
Petroleos Mexicanos, | |||||
Gtd. Notes | 6.490 | 01/23/27 | 55 | 58,389 | |
Gtd. Notes | 6.500 | 03/13/27 | 80 | 85,000 | |
Gtd. Notes, MTN | 6.875 | 08/04/26 | 235 | 257,797 | |
1,118,629 | |||||
Russia 2.0% | |||||
Gazprom Capital OOO, | |||||
Gtd. Notes, Series BO03 | 7.150(cc) | 02/15/28 | RUB | 45,000 | 613,135 |
Gtd. Notes, Series BO05 | 8.900(cc) | 02/03/27 | RUB | 42,000 | 595,802 |
1,208,937 | |||||
South Africa 0.7% | |||||
Eskom Holdings SOC Ltd., Sr. Unsec’d. Notes, 144A, MTN | 6.750 | 08/06/23 | 200 | 208,609 | |
Sasol Financing USA LLC, Gtd. Notes | 5.875 | 03/27/24 | 200 | 211,655 | |
420,264 | |||||
Supranational Bank 1.7% | |||||
European Bank for Reconstruction & Development, | |||||
Sr. Unsec’d. Notes, EMTN | 7.500 | 05/15/22 | IDR | 900,000 | 63,471 |
Sr. Unsec’d. Notes, GMTN | 6.450 | 12/13/22 | IDR | 7,500,000 | 531,598 |
European Investment Bank, | |||||
Sr. Unsec’d. Notes, EMTN | 12.576(s) | 09/05/22 | TRY | 1,260 | 124,387 |
Sr. Unsec’d. Notes, EMTN | 3.000 | 05/24/24 | PLN | 600 | 165,506 |
9
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Supranational Bank (cont’d.) | |||||
International Bank for Reconstruction & Development, Sr. Unsec’d. Notes, EMTN | 7.450 % | 08/20/21 | IDR | 2,500,000 | $173,197 |
1,058,159 | |||||
Total Corporate Bonds (cost $4,921,192) | 4,633,215 | ||||
Foreign Treasury Obligation 1.1% | |||||
Brazil | |||||
Brazil Letras do Tesouro Nacional, (cost $689,987) | 6.144(s) | 01/01/24 | BRL | 4,318 | 679,158 |
Total Long-Term Investments (cost $59,540,887) | 58,557,639 |
Shares | |||||
Short-Term Investments 3.1% | |||||
Affiliated Mutual Funds 3.1% | |||||
PGIM Core Ultra Short Bond Fund(wa) | 1,266,140 | 1,266,140 | |||
PGIM Institutional Money Market Fund (cost $639,287; includes $639,245 of cash collateral for securities on loan)(b)(wa) | 639,608 | 639,224 | |||
Total Affiliated Mutual Funds (cost $1,905,427) | 1,905,364 |
Options Purchased*~ 0.0% | |||||
(cost $33,225) | 28,608 | ||||
Total Short-Term Investments (cost $1,938,652) | 1,933,972 | ||||
TOTAL INVESTMENTS, BEFORE OPTIONS WRITTEN (cost $61,479,539) | 60,491,611 |
10
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2021 (unaudited) (continued)
Description | Value | ||||
Options Written*~ (0.1)% | |||||
(premiums received $48,555) | $(56,967) | ||||
TOTAL INVESTMENTS, NET OF OPTIONS WRITTEN 97.5% (cost $61,430,984) | 60,434,644 | ||||
Other assets in excess of liabilities(z) 2.5% | 1,550,469 | ||||
Net Assets 100.0% | $61,985,113 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: |
AUD—Australian Dollar | |
BRL—Brazilian Real | |
CLP—Chilean Peso | |
CNH—Chinese Renminbi | |
COP—Colombian Peso | |
CZK—Czech Koruna | |
DOP—Dominican Peso | |
EUR—Euro | |
HUF—Hungarian Forint | |
IDR—Indonesian Rupiah | |
ILS—Israeli Shekel | |
INR—Indian Rupee | |
JPY—Japanese Yen | |
KRW—South Korean Won | |
MXN—Mexican Peso | |
MYR—Malaysian Ringgit | |
PEN—Peruvian Nuevo Sol | |
PHP—Philippine Peso | |
PLN—Polish Zloty | |
RON—Romanian Leu | |
RUB—Russian Ruble | |
SGD—Singapore Dollar | |
THB—Thai Baht | |
TRY—Turkish Lira | |
TWD—New Taiwanese Dollar | |
UAH—Ukraine Hryvna | |
USD—US Dollar | |
UYU—Uruguayan Peso | |
ZAR—South African Rand |
144A—Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, pursuant to the requirements of Rule 144A, may not be resold except to qualified institutional buyers. | |
A—Annual payment frequency for swaps | |
BROIS—Brazil Overnight Index Swap | |
CLOIS—Sinacofi Chile Interbank Rate Average | |
COOIS—Colombia Overnight Interbank Reference Rate | |
EMTN—Euro Medium Term Note | |
GMTN—Global Medium Term Note | |
JIBAR—Johannesburg Interbank Agreed Rate | |
KLIBOR—Kuala Lumpur Interbank Offered Rate | |
KWCDC—Korean Won Certificate of Deposit |
11
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2021 (unaudited) (continued)
M—Monthly payment frequency for swaps | |
MosPRIME—Moscow Prime Offered Rate | |
MTN—Medium Term Note | |
OFZ—Obligatsyi Federal’novo Zaima (Federal Loan Obligations) | |
OTC—Over-the-counter | |
PRIBOR—Prague Interbank Offered Rate | |
Q—Quarterly payment frequency for swaps | |
S—Semiannual payment frequency for swaps | |
T—Swap payment upon termination | |
WIBOR—Warsaw Interbank Offered Rate |
* | Non-income producing security. |
# | Principal or notional amount is shown in U.S. dollars unless otherwise stated. |
~ | See tables subsequent to the Schedule of Investments for options detail. |
(a) | All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $574,651; cash collateral of $639,245 (included in liabilities) was received with which the Series 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 Series 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. |
(cc) | Variable rate instrument. The rate shown is based on the latest available information as of July 31, 2021. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description. |
(d) | Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity. |
(s) | Represents zero coupon bond or principal only security. Rate represents yield to maturity at purchase date. |
(wa) | PGIM Investments LLC, the manager of the Series, also serves as manager of the PGIM Core Ultra Short Bond Fund and PGIM Institutional Money Market Fund, if applicable. |
(z) | Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments: |
Options Purchased:
OTC Traded | ||||||||||||||||
Description | Call/ Put | Counterparty | Expiration Date | Strike | Contracts | Notional Amount (000)# | Value | |||||||||
Currency Option USD vs CNH | Call | Morgan Stanley & Co. International PLC | 08/25/21 | 7.25 | — | 704 | $1 | |||||||||
Currency Option USD vs IDR | Call | JPMorgan Chase Bank, N.A. | 04/28/22 | 24,500.00 | — | 684 | 299 | |||||||||
Currency Option USD vs TRY | Call | Goldman Sachs International | 08/06/21 | 9.25 | — | 181 | 22 | |||||||||
Currency Option USD vs ZAR | Call | Morgan Stanley & Co. International PLC | 01/18/22 | 16.00 | — | 1,037 | 20,171 | |||||||||
Currency Option USD vs IDR | Put | JPMorgan Chase Bank, N.A. | 04/28/22 | 14,300.00 | — | 684 | 8,109 |
12
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2021 (unaudited) (continued)
Options Purchased (continued):
OTC Traded | ||||||||||||||||
Description | Call/ Put | Counterparty | Expiration Date | Strike | Contracts | Notional Amount (000)# | Value | |||||||||
Currency Option USD vs TRY | Put | Goldman Sachs International | 08/06/21 | 7.60 | — | 181 | $— | |||||||||
Currency Option USD vs TRY | Put | Morgan Stanley & Co. International PLC | 08/13/21 | 7.50 | — | 696 | 6 | |||||||||
Total Options Purchased (cost $33,225) | $28,608 |
Options Written:
OTC Traded | |||||||||||||||
Description | Call/ Put | Counterparty | Expiration Date | Strike | Contracts | Notional Amount (000)# | Value | ||||||||
Currency Option USD vs CNH | Call | Morgan Stanley & Co. International PLC | 08/25/21 | 6.44 | — | 704 | $(5,511) | ||||||||
Currency Option USD vs IDR | Call | JPMorgan Chase Bank, N.A. | 04/28/22 | 16,500.00 | — | 684 | (5,949) | ||||||||
Currency Option USD vs TRY | Call | Goldman Sachs International | 08/06/21 | 10.25 | — | 181 | (2) | ||||||||
Currency Option USD vs ZAR | Call | Morgan Stanley & Co. International PLC | 09/16/21 | 15.25 | — | 1,037 | (9,846) | ||||||||
Currency Option USD vs TRY | Put | Goldman Sachs International | 08/06/21 | 8.60 | — | 181 | (3,277) | ||||||||
Currency Option USD vs TRY | Put | Morgan Stanley & Co. International PLC | 08/13/21 | 8.60 | — | 232 | (4,170) | ||||||||
Currency Option USD vs TRY | Put | Morgan Stanley & Co. International PLC | 08/13/21 | 9.00 | — | 464 | (28,212) | ||||||||
Total Options Written (premiums received $48,555) | $(56,967) |
Futures contracts outstanding at July 31, 2021: | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Long Position: | ||||||||
3 | 20 Year U.S. Treasury Bonds | Sep. 2021 | $494,156 | $(358) | ||||
Short Positions: | ||||||||
5 | 2 Year U.S. Treasury Notes | Sep. 2021 | 1,103,281 | 114 | ||||
3 | 5 Year Euro-Bobl | Sep. 2021 | 481,712 | (4,866) | ||||
18 | 5 Year U.S. Treasury Notes | Sep. 2021 | 2,240,016 | (13,241) |
13
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2021 (unaudited) (continued)
Futures contracts outstanding at July 31, 2021 (continued): | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Short Positions (cont’d): | ||||||||
6 | 10 Year U.S. Treasury Notes | Sep. 2021 | $806,719 | $(15,055) | ||||
1 | Euro Schatz Index | Sep. 2021 | 133,281 | (238) | ||||
(33,286) | ||||||||
$(33,644) |
Forward foreign currency exchange contracts outstanding at July 31, 2021:
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
Australian Dollar, | |||||||||||||
Expiring 10/19/21 | JPMorgan Chase Bank, N.A. | AUD | 206 | $153,805 | $151,229 | $— | $(2,576) | ||||||
Brazilian Real, | |||||||||||||
Expiring 08/03/21 | Citibank, N.A. | BRL | 2,563 | 507,970 | 491,808 | — | (16,162) | ||||||
Expiring 08/03/21 | Citibank, N.A. | BRL | 636 | 121,938 | 122,060 | 122 | — | ||||||
Expiring 08/03/21 | Morgan Stanley & Co. International PLC | BRL | 18,718 | 3,778,877 | 3,592,215 | — | (186,662) | ||||||
Expiring 09/02/21 | Morgan Stanley & Co. International PLC | BRL | 12,099 | 2,326,066 | 2,312,325 | — | (13,741) | ||||||
Expiring 09/02/21 | UBS AG | BRL | 493 | 95,468 | 94,287 | — | (1,181) | ||||||
Chilean Peso, | |||||||||||||
Expiring 09/15/21 | Citibank, N.A. | CLP | 106,530 | 141,000 | 140,187 | — | (813) | ||||||
Expiring 09/15/21 | Credit Suisse International | CLP | 82,540 | 111,000 | 108,617 | — | (2,383) | ||||||
Expiring 09/15/21 | UBS AG | CLP | 159,150 | 209,270 | 209,432 | 162 | — | ||||||
Expiring 09/15/21 | UBS AG | CLP | 94,605 | 123,000 | 124,495 | 1,495 | — | ||||||
Chinese Renminbi, | |||||||||||||
Expiring 08/18/21 | Citibank, N.A. | CNH | 1,728 | 266,000 | 266,830 | 830 | — | ||||||
Expiring 08/18/21 | Citibank, N.A. | CNH | 1,559 | 240,000 | 240,782 | 782 | — | ||||||
Expiring 08/18/21 | Citibank, N.A. | CNH | 1,515 | 234,000 | 233,964 | — | (36) | ||||||
Expiring 08/18/21 | Citibank, N.A. | CNH | 1,101 | 169,000 | 170,020 | 1,020 | — | ||||||
Expiring 08/18/21 | Citibank, N.A. | CNH | 993 | 153,000 | 153,437 | 437 | — | ||||||
Expiring 08/18/21 | Citibank, N.A. | CNH | 860 | 132,949 | 132,854 | — | (95) | ||||||
Expiring 08/18/21 | Citibank, N.A. | CNH | 318 | 49,000 | 49,129 | 129 | — | ||||||
Expiring 08/18/21 | Credit Suisse International | CNH | 1,750 | 273,000 | 270,272 | — | (2,728) | ||||||
Expiring 08/18/21 | Credit Suisse International | CNH | 1,178 | 181,000 | 181,921 | 921 | — |
14
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2021 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at July 31, 2021 (continued):
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Chinese Renminbi (cont’d.), | |||||||||||||
Expiring 08/18/21 | Goldman Sachs International | CNH | 1,531 | $236,000 | $236,445 | $445 | $— | ||||||
Expiring 08/18/21 | Goldman Sachs International | CNH | 1,361 | 210,000 | 210,236 | 236 | — | ||||||
Expiring 08/18/21 | Goldman Sachs International | CNH | 1,052 | 162,000 | 162,483 | 483 | — | ||||||
Expiring 08/18/21 | Goldman Sachs International | CNH | 748 | 115,298 | 115,513 | 215 | — | ||||||
Expiring 08/18/21 | HSBC Bank PLC | CNH | 5,037 | 775,119 | 777,947 | 2,828 | — | ||||||
Expiring 08/18/21 | HSBC Bank PLC | CNH | 1,134 | 175,000 | 175,186 | 186 | — | ||||||
Expiring 08/18/21 | HSBC Bank PLC | CNH | 1,110 | 171,000 | 171,517 | 517 | — | ||||||
Expiring 08/18/21 | JPMorgan Chase Bank, N.A. | CNH | 1,878 | 290,000 | 290,009 | 9 | — | ||||||
Expiring 08/18/21 | JPMorgan Chase Bank, N.A. | CNH | 1,755 | 270,000 | 271,006 | 1,006 | — | ||||||
Expiring 08/18/21 | JPMorgan Chase Bank, N.A. | CNH | 1,214 | 188,025 | 187,534 | — | (491) | ||||||
Expiring 08/18/21 | JPMorgan Chase Bank, N.A. | CNH | 1,001 | 154,000 | 154,612 | 612 | — | ||||||
Expiring 08/18/21 | Morgan Stanley & Co. International PLC | CNH | 270 | 41,574 | 41,677 | 103 | — | ||||||
Expiring 08/18/21 | Standard Chartered | CNH | 2,104 | 325,000 | 325,045 | 45 | — | ||||||
Colombian Peso, | |||||||||||||
Expiring 09/15/21 | Citibank, N.A. | COP | 2,766,753 | 769,013 | 711,664 | — | (57,349) | ||||||
Expiring 09/15/21 | Citibank, N.A. | COP | 409,639 | 113,000 | 105,367 | — | (7,633) | ||||||
Expiring 09/15/21 | Goldman Sachs International | COP | 1,231,195 | 323,000 | 316,688 | — | (6,312) | ||||||
Expiring 09/15/21 | Goldman Sachs International | COP | 271,500 | 75,000 | 69,835 | — | (5,165) | ||||||
Czech Koruna, | |||||||||||||
Expiring 10/19/21 | JPMorgan Chase Bank, N.A. | CZK | 11,177 | 514,100 | 519,311 | 5,211 | — | ||||||
Expiring 10/19/21 | JPMorgan Chase Bank, N.A. | CZK | 1,400 | 65,094 | 65,042 | — | (52) | ||||||
Expiring 10/19/21 | Morgan Stanley & Co. International PLC | CZK | 18,805 | 865,311 | 873,691 | 8,380 | — | ||||||
Expiring 10/19/21 | UBS AG | CZK | 3,688 | 169,000 | 171,333 | 2,333 | — | ||||||
Euro, | |||||||||||||
Expiring 10/19/21 | JPMorgan Chase Bank, N.A. | EUR | 130 | 154,000 | 154,752 | 752 | — | ||||||
Hungarian Forint, | |||||||||||||
Expiring 10/19/21 | Barclays Bank PLC | HUF | 51,832 | 170,000 | 171,095 | 1,095 | — |
15
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2021 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at July 31, 2021 (continued):
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Indian Rupee, | |||||||||||||
Expiring 09/15/21 | Citibank, N.A. | INR | 103,822 | $1,407,168 | $1,388,591 | $— | $(18,577) | ||||||
Expiring 09/15/21 | Credit Suisse International | INR | 16,741 | 223,000 | 223,902 | 902 | — | ||||||
Expiring 09/15/21 | Credit Suisse International | INR | 11,447 | 153,000 | 153,099 | 99 | — | ||||||
Expiring 09/15/21 | Goldman Sachs International | INR | 17,620 | 238,000 | 235,665 | — | (2,335) | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | INR | 16,854 | 225,000 | 225,420 | 420 | — | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | INR | 13,715 | 186,000 | 183,437 | — | (2,563) | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | INR | 9,149 | 122,000 | 122,363 | 363 | — | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | INR | 23,129 | 309,000 | 309,341 | 341 | — | ||||||
Expiring 09/15/21 | Standard Chartered | INR | 13,250 | 177,000 | 177,209 | 209 | — | ||||||
Indonesian Rupiah, | |||||||||||||
Expiring 09/15/21 | Barclays Bank PLC | IDR | 1,616,182 | 112,000 | 111,364 | — | (636) | ||||||
Expiring 09/15/21 | HSBC Bank PLC | IDR | 4,210,486 | 292,456 | 290,126 | — | (2,330) | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | IDR | 13,637,819 | 933,010 | 939,720 | 6,710 | — | ||||||
Israeli Shekel, | |||||||||||||
Expiring 09/17/21 | Bank of America, N.A. | ILS | 3,502 | 1,079,325 | 1,083,900 | 4,575 | — | ||||||
Expiring 09/17/21 | Bank of America, N.A. | ILS | 503 | 154,000 | 155,697 | 1,697 | — | ||||||
Expiring 09/17/21 | JPMorgan Chase Bank, N.A. | ILS | 568 | 174,000 | 175,708 | 1,708 | — | ||||||
Japanese Yen, | |||||||||||||
Expiring 10/19/21 | Barclays Bank PLC | JPY | 40,987 | 372,220 | 373,850 | 1,630 | — | ||||||
Expiring 10/19/21 | JPMorgan Chase Bank, N.A. | JPY | 14,818 | 135,000 | 135,160 | 160 | — | ||||||
Malaysian Ringgit, | |||||||||||||
Expiring 09/15/21 | Barclays Bank PLC | MYR | 986 | 236,960 | 232,295 | — | (4,665) | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | MYR | 2,469 | 599,057 | 581,646 | — | (17,411) | ||||||
Mexican Peso, | |||||||||||||
Expiring 09/15/21 | BNP Paribas S.A. | MXN | 2,757 | 137,050 | 137,615 | 565 | — | ||||||
Expiring 09/15/21 | BNP Paribas S.A. | MXN | 1,655 | 80,000 | 82,626 | 2,626 | — | ||||||
Expiring 09/15/21 | Citibank, N.A. | MXN | 21,422 | 1,079,205 | 1,069,372 | — | (9,833) | ||||||
Expiring 09/15/21 | Citibank, N.A. | MXN | 7,179 | 355,966 | 358,360 | 2,394 | — | ||||||
Expiring 09/15/21 | Goldman Sachs International | MXN | 2,910 | 146,000 | 145,277 | — | (723) |
16
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2021 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at July 31, 2021 (continued):
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Mexican Peso (cont’d.), | |||||||||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | MXN | 3,293 | $165,000 | $164,362 | $— | $(638) | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | MXN | 2,680 | 132,000 | 133,758 | 1,758 | — | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | MXN | 2,344 | 117,000 | 117,004 | 4 | — | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | MXN | 18,845 | 932,004 | 940,727 | 8,723 | — | ||||||
Expiring 09/15/21 | Standard Chartered | MXN | 12,014 | 591,637 | 599,732 | 8,095 | — | ||||||
Expiring 09/15/21 | UBS AG | MXN | 3,643 | 180,000 | 181,878 | 1,878 | — | ||||||
New Taiwanese Dollar, | |||||||||||||
Expiring 09/15/21 | Citibank, N.A. | TWD | 6,565 | 240,000 | 235,292 | — | (4,708) | ||||||
Expiring 09/15/21 | Citibank, N.A. | TWD | 4,635 | 166,000 | 166,129 | 129 | — | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | TWD | 4,707 | 169,000 | 168,719 | — | (281) | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | TWD | 4,654 | 166,000 | 166,786 | 786 | — | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | TWD | 7,761 | 279,407 | 278,150 | — | (1,257) | ||||||
Expiring 09/15/21 | Standard Chartered | TWD | 5,581 | 200,000 | 200,041 | 41 | — | ||||||
Peruvian Nuevo Sol, | |||||||||||||
Expiring 09/15/21 | BNP Paribas S.A. | PEN | 628 | 164,000 | 154,665 | — | (9,335) | ||||||
Expiring 09/15/21 | BNP Paribas S.A. | PEN | 395 | 100,000 | 97,257 | — | (2,743) | ||||||
Expiring 09/15/21 | Goldman Sachs International | PEN | 518 | 135,000 | 127,551 | — | (7,449) | ||||||
Expiring 09/15/21 | Goldman Sachs International | PEN | 404 | 102,000 | 99,423 | — | (2,577) | ||||||
Expiring 09/15/21 | Goldman Sachs International | PEN | 368 | 93,000 | 90,491 | — | (2,509) | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | PEN | 313 | 80,000 | 77,018 | — | (2,982) | ||||||
Philippine Peso, | |||||||||||||
Expiring 09/15/21 | Citibank, N.A. | PHP | 9,929 | 197,000 | 198,190 | 1,190 | — | ||||||
Expiring 09/15/21 | Citibank, N.A. | PHP | 9,540 | 196,000 | 190,439 | — | (5,561) | ||||||
Expiring 09/15/21 | Goldman Sachs International | PHP | 10,015 | 198,000 | 199,911 | 1,911 | — | ||||||
Expiring 09/15/21 | HSBC Bank PLC | PHP | 13,179 | 269,000 | 263,068 | — | (5,932) | ||||||
Expiring 09/15/21 | HSBC Bank PLC | PHP | 10,724 | 213,000 | 214,066 | 1,066 | — | ||||||
Expiring 09/15/21 | HSBC Bank PLC | PHP | 9,860 | 195,000 | 196,828 | 1,828 | — | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | PHP | 6,225 | 127,000 | 124,256 | — | (2,744) | ||||||
Expiring 09/15/21 | Standard Chartered | PHP | 14,919 | 296,000 | 297,800 | 1,800 | — |
17
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2021 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at July 31, 2021 (continued):
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Philippine Peso (cont’d.), | |||||||||||||
Expiring 09/15/21 | Standard Chartered | PHP | 11,839 | $234,000 | $236,315 | $2,315 | $— | ||||||
Expiring 09/15/21 | Standard Chartered | PHP | 8,088 | 161,000 | 161,457 | 457 | — | ||||||
Expiring 09/15/21 | Standard Chartered | PHP | 7,748 | 153,000 | 154,654 | 1,654 | — | ||||||
Polish Zloty, | |||||||||||||
Expiring 10/19/21 | Barclays Bank PLC | PLN | 3,832 | 998,930 | 994,833 | — | (4,097) | ||||||
Expiring 10/19/21 | BNP Paribas S.A. | PLN | 127 | 32,538 | 32,866 | 328 | — | ||||||
Expiring 10/19/21 | HSBC Bank PLC | PLN | 4,790 | 1,245,699 | 1,243,764 | — | (1,935) | ||||||
Expiring 10/19/21 | Morgan Stanley & Co. International PLC | PLN | 595 | 152,490 | 154,390 | 1,900 | — | ||||||
Expiring 10/19/21 | UBS AG | PLN | 599 | 153,442 | 155,432 | 1,990 | — | ||||||
Romanian Leu, | |||||||||||||
Expiring 10/19/21 | Barclays Bank PLC | RON | 2,248 | 538,735 | 540,569 | 1,834 | — | ||||||
Expiring 10/19/21 | JPMorgan Chase Bank, N.A. | RON | 205 | 49,447 | 49,399 | — | (48) | ||||||
Russian Ruble, | |||||||||||||
Expiring 09/15/21 | Barclays Bank PLC | RUB | 9,123 | 122,000 | 123,868 | 1,868 | — | ||||||
Expiring 09/15/21 | Barclays Bank PLC | RUB | 8,523 | 116,000 | 115,725 | — | (275) | ||||||
Expiring 09/15/21 | Goldman Sachs International | RUB | 5,015 | 67,000 | 68,092 | 1,092 | — | ||||||
Expiring 09/15/21 | HSBC Bank PLC | RUB | 10,422 | 140,000 | 141,507 | 1,507 | — | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | RUB | 188,253 | 2,533,861 | 2,556,055 | 22,194 | — | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | RUB | 21,767 | 299,000 | 295,545 | — | (3,455) | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | RUB | 10,537 | 144,000 | 143,072 | — | (928) | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | RUB | 9,736 | 131,000 | 132,190 | 1,190 | — | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | RUB | 8,686 | 117,000 | 117,939 | 939 | — | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | RUB | 8,450 | 116,000 | 114,732 | — | (1,268) | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | RUB | 7,533 | 102,000 | 102,277 | 277 | — | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | RUB | 7,492 | 100,000 | 101,725 | 1,725 | — | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | RUB | 7,449 | 99,000 | 101,137 | 2,137 | — | ||||||
Singapore Dollar, | |||||||||||||
Expiring 09/15/21 | Goldman Sachs International | SGD | 109 | 81,216 | 80,772 | — | (444) |
18
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2021 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at July 31, 2021 (continued):
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
South African Rand, | |||||||||||||
Expiring 09/15/21 | Barclays Bank PLC | ZAR | 7,111 | $494,595 | $482,489 | $— | $(12,106) | ||||||
Expiring 09/15/21 | Citibank, N.A. | ZAR | 4,110 | 282,225 | 278,869 | — | (3,356) | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | ZAR | 2,717 | 184,000 | 184,339 | 339 | — | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | ZAR | 1,099 | 79,000 | 74,554 | — | (4,446) | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | ZAR | 1,072 | 78,000 | 72,732 | — | (5,268) | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | ZAR | 1,098 | 79,000 | 74,512 | — | (4,488) | ||||||
Expiring 09/15/21 | The Toronto-Dominion Bank | ZAR | 2,702 | 185,428 | 183,353 | — | (2,075) | ||||||
South Korean Won, | |||||||||||||
Expiring 09/15/21 | Citibank, N.A. | KRW | 240,650 | 212,000 | 208,557 | — | (3,443) | ||||||
Expiring 09/15/21 | Citibank, N.A. | KRW | 196,898 | 178,000 | 170,640 | — | (7,360) | ||||||
Expiring 09/15/21 | Citibank, N.A. | KRW | 190,262 | 165,000 | 164,889 | — | (111) | ||||||
Expiring 09/15/21 | Credit Suisse International | KRW | 1,563,346 | 1,401,476 | 1,354,862 | — | (46,614) | ||||||
Expiring 09/15/21 | Goldman Sachs International | KRW | 132,720 | 117,000 | 115,021 | — | (1,979) | ||||||
Expiring 09/15/21 | HSBC Bank PLC | KRW | 149,504 | 131,000 | 129,566 | — | (1,434) | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | KRW | 231,462 | 200,000 | 200,595 | 595 | — | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | KRW | 226,284 | 197,000 | 196,107 | — | (893) | ||||||
Expiring 09/15/21 | Standard Chartered | KRW | 285,628 | 249,000 | 247,537 | — | (1,463) | ||||||
Expiring 09/15/21 | Standard Chartered | KRW | 175,239 | 153,000 | 151,869 | — | (1,131) | ||||||
Thai Baht, | |||||||||||||
Expiring 09/15/21 | Goldman Sachs International | THB | 29,375 | 940,604 | 893,523 | — | (47,081) | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | THB | 48,311 | 1,546,749 | 1,469,523 | — | (77,226) | ||||||
Expiring 09/15/21 | Standard Chartered | THB | 8,330 | 258,000 | 253,377 | — | (4,623) | ||||||
$45,244,777 | $44,724,365 | 128,303 | (648,715) |
19
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2021 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at July 31, 2021 (continued):
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
Australian Dollar, | |||||||||||||
Expiring 10/19/21 | JPMorgan Chase Bank, N.A. | AUD | 207 | $152,861 | $151,963 | $898 | $— | ||||||
Brazilian Real, | |||||||||||||
Expiring 08/03/21 | Bank of America, N.A. | BRL | 2,991 | 594,546 | 573,906 | 20,640 | — | ||||||
Expiring 08/03/21 | Citibank, N.A. | BRL | 442 | 87,975 | 84,820 | 3,155 | — | ||||||
Expiring 08/03/21 | Citibank, N.A. | BRL | 327 | 65,025 | 62,707 | 2,318 | — | ||||||
Expiring 08/03/21 | Citibank, N.A. | BRL | 31 | 6,000 | 5,978 | 22 | — | ||||||
Expiring 08/03/21 | Morgan Stanley & Co. International PLC | BRL | 12,099 | 2,335,180 | 2,321,829 | 13,351 | — | ||||||
Expiring 08/03/21 | Morgan Stanley & Co. International PLC | BRL | 4,888 | 971,841 | 937,992 | 33,849 | — | ||||||
Expiring 08/03/21 | Morgan Stanley & Co. International PLC | BRL | 785 | 154,000 | 150,631 | 3,369 | — | ||||||
Expiring 08/03/21 | UBS AG | BRL | 355 | 67,000 | 68,221 | — | (1,221) | ||||||
Chilean Peso, | |||||||||||||
Expiring 09/15/21 | BNP Paribas S.A. | CLP | 340,712 | 475,768 | 448,357 | 27,411 | — | ||||||
Expiring 09/15/21 | BNP Paribas S.A. | CLP | 130,564 | 181,000 | 171,815 | 9,185 | — | ||||||
Expiring 09/15/21 | Citibank, N.A. | CLP | 130,532 | 177,000 | 171,773 | 5,227 | — | ||||||
Expiring 09/15/21 | Citibank, N.A. | CLP | 128,206 | 178,000 | 168,712 | 9,288 | — | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | CLP | 369,747 | 516,274 | 486,567 | 29,707 | — | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | CLP | 31,659 | 41,574 | 41,661 | — | (87) | ||||||
Chinese Renminbi, | |||||||||||||
Expiring 08/18/21 | Credit Suisse International | CNH | 2,525 | 394,000 | 390,056 | 3,944 | — | ||||||
Expiring 08/18/21 | Credit Suisse International | CNH | 1,532 | 239,000 | 236,654 | 2,346 | — | ||||||
Expiring 08/18/21 | Goldman Sachs International | CNH | 6,568 | 1,011,821 | 1,014,385 | — | (2,564) | ||||||
Expiring 08/18/21 | HSBC Bank PLC | CNH | 1,484 | 231,000 | 229,234 | 1,766 | — | ||||||
Expiring 08/18/21 | JPMorgan Chase Bank, N.A. | CNH | 1,463 | 228,000 | 225,948 | 2,052 | — | ||||||
Expiring 08/18/21 | JPMorgan Chase Bank, N.A. | CNH | 417 | 64,062 | 64,360 | — | (298) | ||||||
Expiring 08/18/21 | Morgan Stanley & Co. International PLC | CNH | 1,833 | 286,000 | 283,111 | 2,889 | — | ||||||
Colombian Peso, | |||||||||||||
Expiring 09/15/21 | BNP Paribas S.A. | COP | 842,696 | 222,000 | 216,758 | 5,242 | — | ||||||
Expiring 09/15/21 | Citibank, N.A. | COP | 299,299 | 79,000 | 76,986 | 2,014 | — | ||||||
Expiring 09/15/21 | Goldman Sachs International | COP | 439,160 | 117,000 | 112,960 | 4,040 | — |
20
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2021 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at July 31, 2021 (continued):
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Colombian Peso (cont’d.), | |||||||||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | COP | 229,342 | $59,136 | $58,992 | $144 | $— | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | COP | 1,626,901 | 429,488 | 418,471 | 11,017 | — | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | COP | 445,965 | 117,000 | 114,711 | 2,289 | — | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | COP | 269,845 | 69,000 | 69,409 | — | (409) | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | COP | 268,507 | 70,000 | 69,065 | 935 | — | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | COP | 266,685 | 69,000 | 68,597 | 403 | — | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | COP | 244,000 | 64,000 | 62,762 | 1,238 | — | ||||||
Czech Koruna, | |||||||||||||
Expiring 10/19/21 | JPMorgan Chase Bank, N.A. | CZK | 3,338 | 154,000 | 155,082 | — | (1,082) | ||||||
Euro, | |||||||||||||
Expiring 10/19/21 | HSBC Bank PLC | EUR | 180 | 214,449 | 214,258 | 191 | — | ||||||
Expiring 10/19/21 | JPMorgan Chase Bank, N.A. | EUR | 131 | 154,000 | 155,314 | — | (1,314) | ||||||
Expiring 10/19/21 | UBS AG | EUR | 264 | 313,399 | 313,990 | — | (591) | ||||||
Hungarian Forint, | |||||||||||||
Expiring 10/19/21 | Barclays Bank PLC | HUF | 225,079 | 749,344 | 742,972 | 6,372 | — | ||||||
Expiring 10/19/21 | Goldman Sachs International | HUF | 52,204 | 173,000 | 172,324 | 676 | — | ||||||
Indian Rupee, | |||||||||||||
Expiring 09/15/21 | HSBC Bank PLC | INR | 24,817 | 329,000 | 331,928 | — | (2,928) | ||||||
Expiring 09/15/21 | HSBC Bank PLC | INR | 16,049 | 214,000 | 214,648 | — | (648) | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | INR | 17,793 | 237,000 | 237,974 | — | (974) | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | INR | 12,395 | 165,000 | 165,778 | — | (778) | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | INR | 27,391 | 364,092 | 366,349 | — | (2,257) | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | INR | 15,000 | 201,000 | 200,617 | 383 | — | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | INR | 12,782 | 170,000 | 170,956 | — | (956) | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | INR | 12,464 | 166,000 | 166,705 | — | (705) | ||||||
Expiring 09/15/21 | Standard Chartered | INR | 25,267 | 335,000 | 337,946 | — | (2,946) |
21
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2021 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at July 31, 2021 (continued):
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Indian Rupee (cont’d.), | |||||||||||||
Expiring 09/15/21 | Standard Chartered | INR | 19,764 | $264,000 | $264,344 | $— | $(344) | ||||||
Expiring 09/15/21 | UBS AG | INR | 9,211 | 123,000 | 123,192 | — | (192) | ||||||
Indonesian Rupiah, | |||||||||||||
Expiring 09/15/21 | BNP Paribas S.A. | IDR | 2,601,078 | 178,000 | 179,229 | — | (1,229) | ||||||
Expiring 09/15/21 | HSBC Bank PLC | IDR | 5,199,238 | 361,000 | 358,256 | 2,744 | — | ||||||
Expiring 09/15/21 | HSBC Bank PLC | IDR | 5,196,631 | 361,000 | 358,076 | 2,924 | — | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | IDR | 1,925,547 | 131,249 | 132,681 | — | (1,432) | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | IDR | 16,258,919 | 1,106,832 | 1,120,329 | — | (13,497) | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | IDR | 1,476,115 | 101,000 | 101,712 | — | (712) | ||||||
Expiring 09/15/21 | Standard Chartered | IDR | 4,684,480 | 320,000 | 322,786 | — | (2,786) | ||||||
Israeli Shekel, | |||||||||||||
Expiring 09/17/21 | Bank of America, N.A. | ILS | 659 | 201,000 | 204,060 | — | (3,060) | ||||||
Expiring 09/17/21 | Barclays Bank PLC | ILS | 836 | 257,000 | 258,853 | — | (1,853) | ||||||
Expiring 09/17/21 | Barclays Bank PLC | ILS | 743 | 228,000 | 229,947 | — | (1,947) | ||||||
Expiring 09/17/21 | Barclays Bank PLC | ILS | 657 | 201,000 | 203,366 | — | (2,366) | ||||||
Expiring 09/17/21 | Barclays Bank PLC | ILS | 617 | 190,000 | 191,085 | — | (1,085) | ||||||
Expiring 09/17/21 | Barclays Bank PLC | ILS | 588 | 181,000 | 182,078 | — | (1,078) | ||||||
Expiring 09/17/21 | Barclays Bank PLC | ILS | 556 | 170,000 | 172,147 | — | (2,147) | ||||||
Expiring 09/17/21 | Barclays Bank PLC | ILS | 548 | 167,000 | 169,597 | — | (2,597) | ||||||
Expiring 09/17/21 | Barclays Bank PLC | ILS | 512 | 157,000 | 158,336 | — | (1,336) | ||||||
Expiring 09/17/21 | Citibank, N.A. | ILS | 752 | 232,000 | 232,785 | — | (785) | ||||||
Expiring 09/17/21 | Citibank, N.A. | ILS | 667 | 204,000 | 206,531 | — | (2,531) | ||||||
Expiring 09/17/21 | Citibank, N.A. | ILS | 502 | 153,000 | 155,416 | — | (2,416) | ||||||
Japanese Yen, | |||||||||||||
Expiring 10/19/21 | Barclays Bank PLC | JPY | 55,771 | 505,407 | 508,703 | — | (3,296) | ||||||
Malaysian Ringgit, | |||||||||||||
Expiring 09/15/21 | Goldman Sachs International | MYR | 754 | 180,000 | 177,538 | 2,462 | — | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | MYR | 2,028 | 485,000 | 477,737 | 7,263 | — | ||||||
Mexican Peso, | |||||||||||||
Expiring 09/15/21 | Goldman Sachs International | MXN | 20,506 | 1,015,128 | 1,023,654 | — | (8,526) | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | MXN | 5,110 | 254,468 | 255,077 | — | (609) | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | MXN | 3,110 | 154,000 | 155,265 | — | (1,265) | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | MXN | 2,947 | 146,000 | 147,111 | — | (1,111) |
22
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2021 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at July 31, 2021 (continued):
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Mexican Peso (cont’d.), | |||||||||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | MXN | 3,623 | $177,000 | $180,835 | $— | $(3,835) | ||||||
New Taiwanese Dollar, | |||||||||||||
Expiring 09/15/21 | Barclays Bank PLC | TWD | 3,373 | 123,000 | 120,878 | 2,122 | — | ||||||
Expiring 09/15/21 | Goldman Sachs International | TWD | 13,661 | 498,542 | 489,620 | 8,922 | — | ||||||
Peruvian Nuevo Sol, | |||||||||||||
Expiring 09/15/21 | Citibank, N.A. | PEN | 604 | 154,000 | 148,817 | 5,183 | — | ||||||
Expiring 09/15/21 | Citibank, N.A. | PEN | 436 | 111,000 | 107,314 | 3,686 | — | ||||||
Expiring 09/15/21 | Goldman Sachs International | PEN | 1,105 | 292,402 | 272,144 | 20,258 | — | ||||||
Expiring 09/15/21 | Goldman Sachs International | PEN | 613 | 158,000 | 150,975 | 7,025 | — | ||||||
Expiring 09/15/21 | Goldman Sachs International | PEN | 475 | 121,000 | 117,022 | 3,978 | — | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | PEN | 464 | 118,949 | 114,281 | 4,668 | — | ||||||
Philippine Peso, | |||||||||||||
Expiring 09/15/21 | Barclays Bank PLC | PHP | 7,774 | 159,000 | 155,181 | 3,819 | — | ||||||
Expiring 09/15/21 | HSBC Bank PLC | PHP | 10,391 | 205,000 | 207,429 | — | (2,429) | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | PHP | 2,836 | 58,856 | 56,607 | 2,249 | — | ||||||
Expiring 09/15/21 | Standard Chartered | PHP | 18,768 | 380,000 | 374,631 | 5,369 | — | ||||||
Polish Zloty, | |||||||||||||
Expiring 10/19/21 | JPMorgan Chase Bank, N.A. | PLN | 599 | 155,000 | 155,580 | — | (580) | ||||||
Expiring 10/19/21 | Morgan Stanley & Co. International PLC | PLN | 986 | 253,000 | 256,033 | — | (3,033) | ||||||
Russian Ruble, | |||||||||||||
Expiring 09/15/21 | Barclays Bank PLC | RUB | 13,137 | 177,000 | 178,372 | — | (1,372) | ||||||
Expiring 09/15/21 | Barclays Bank PLC | RUB | 7,500 | 101,000 | 101,832 | — | (832) | ||||||
Expiring 09/15/21 | Citibank, N.A. | RUB | 16,983 | 230,000 | 230,589 | — | (589) | ||||||
Expiring 09/15/21 | Goldman Sachs International | RUB | 12,666 | 171,000 | 171,974 | — | (974) | ||||||
Expiring 09/15/21 | Goldman Sachs International | RUB | 8,737 | 118,000 | 118,630 | — | (630) | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | RUB | 33,331 | 450,000 | 452,563 | — | (2,563) | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | RUB | 26,711 | 355,000 | 362,669 | — | (7,669) | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | RUB | 13,027 | 177,000 | 176,871 | 129 | — |
23
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2021 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at July 31, 2021 (continued):
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Russian Ruble (cont’d.), | |||||||||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | RUB | 12,946 | $177,000 | $175,783 | $1,217 | $— | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | RUB | 12,719 | 174,000 | 172,692 | 1,308 | — | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | RUB | 8,429 | 115,000 | 114,446 | 554 | — | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | RUB | 7,713 | 102,000 | 104,727 | — | (2,727) | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | RUB | 27,488 | 375,000 | 373,218 | 1,782 | — | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | RUB | 15,956 | 215,000 | 216,650 | — | (1,650) | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | RUB | 11,336 | 153,000 | 153,920 | — | (920) | ||||||
Singapore Dollar, | |||||||||||||
Expiring 09/15/21 | BNP Paribas S.A. | SGD | 232 | 171,000 | 171,412 | — | (412) | ||||||
Expiring 09/15/21 | Credit Suisse International | SGD | 250 | 184,000 | 184,689 | — | (689) | ||||||
Expiring 09/15/21 | Goldman Sachs International | SGD | 360 | 268,000 | 266,037 | 1,963 | — | ||||||
Expiring 09/15/21 | Goldman Sachs International | SGD | 307 | 227,000 | 226,795 | 205 | — | ||||||
Expiring 09/15/21 | HSBC Bank PLC | SGD | 316 | 233,000 | 233,217 | — | (217) | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | SGD | 309 | 230,000 | 228,063 | 1,937 | — | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | SGD | 221 | 163,000 | 162,834 | 166 | — | ||||||
Expiring 09/15/21 | The Toronto-Dominion Bank | SGD | 132 | 99,796 | 97,624 | 2,172 | — | ||||||
Expiring 09/15/21 | UBS AG | SGD | 390 | 289,000 | 287,462 | 1,538 | — | ||||||
Expiring 09/15/21 | UBS AG | SGD | 365 | 270,000 | 269,381 | 619 | — | ||||||
Expiring 09/15/21 | UBS AG | SGD | 218 | 161,000 | 160,879 | 121 | — | ||||||
South African Rand, | |||||||||||||
Expiring 09/15/21 | Bank of America, N.A. | ZAR | 1,440 | 98,000 | 97,687 | 313 | — | ||||||
Expiring 09/15/21 | Barclays Bank PLC | ZAR | 1,254 | 85,000 | 85,081 | — | (81) | ||||||
Expiring 09/15/21 | Barclays Bank PLC | ZAR | 1,011 | 68,000 | 68,628 | — | (628) | ||||||
Expiring 09/15/21 | Barclays Bank PLC | ZAR | 960 | 65,000 | 65,116 | — | (116) | ||||||
Expiring 09/15/21 | Citibank, N.A. | ZAR | 21,938 | 1,598,211 | 1,488,531 | 109,680 | — | ||||||
Expiring 09/15/21 | Citibank, N.A. | ZAR | 18,462 | 1,349,717 | 1,252,639 | 97,078 | — | ||||||
Expiring 09/15/21 | Goldman Sachs International | ZAR | 1,805 | 124,000 | 122,438 | 1,562 | — |
24
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2021 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at July 31, 2021 (continued):
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
South African Rand (cont’d.), | |||||||||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | ZAR | 1,800 | $122,000 | $122,126 | $— | $(126) | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | ZAR | 1,425 | 98,849 | 96,693 | 2,156 | — | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | ZAR | 969 | 66,000 | 65,744 | 256 | — | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | ZAR | 1,786 | 122,000 | 121,150 | 850 | — | ||||||
Expiring 09/15/21 | The Toronto-Dominion Bank | ZAR | 15,255 | 1,094,391 | 1,035,036 | 59,355 | — | ||||||
South Korean Won, | |||||||||||||
Expiring 09/15/21 | Goldman Sachs International | KRW | 180,585 | 162,000 | 156,502 | 5,498 | — | ||||||
Expiring 09/15/21 | HSBC Bank PLC | KRW | 604,905 | 542,000 | 524,236 | 17,764 | — | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | KRW | 133,962 | 118,000 | 116,097 | 1,903 | — | ||||||
Expiring 09/15/21 | Morgan Stanley & Co. International PLC | KRW | 117,425 | 103,517 | 101,766 | 1,751 | — | ||||||
Expiring 09/15/21 | Standard Chartered | KRW | 323,256 | 285,000 | 280,147 | 4,853 | — | ||||||
Thai Baht, | |||||||||||||
Expiring 09/15/21 | Citibank, N.A. | THB | 5,624 | 180,000 | 171,074 | 8,926 | — | ||||||
Expiring 09/15/21 | Citibank, N.A. | THB | 5,487 | 167,000 | 166,906 | 94 | — | ||||||
Expiring 09/15/21 | Goldman Sachs International | THB | 1,770 | 55,000 | 53,836 | 1,164 | — | ||||||
Expiring 09/15/21 | HSBC Bank PLC | THB | 8,147 | 259,000 | 247,820 | 11,180 | — | ||||||
Expiring 09/15/21 | HSBC Bank PLC | THB | 7,729 | 235,000 | 235,103 | — | (103) | ||||||
Expiring 09/15/21 | HSBC Bank PLC | THB | 7,522 | 230,000 | 228,815 | 1,185 | — | ||||||
Expiring 09/15/21 | HSBC Bank PLC | THB | 4,091 | 131,000 | 124,443 | 6,557 | — | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | THB | 8,546 | 274,000 | 259,939 | 14,061 | — | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | THB | 6,134 | 196,000 | 186,586 | 9,414 | — | ||||||
Expiring 09/15/21 | JPMorgan Chase Bank, N.A. | THB | 4,346 | 132,000 | 132,194 | — | (194) | ||||||
Expiring 09/15/21 | Standard Chartered | THB | 4,936 | 158,000 | 150,151 | 7,849 | — | ||||||
Expiring 09/15/21 | UBS AG | THB | 4,813 | 154,000 | 146,409 | 7,591 | — | ||||||
Turkish Lira, | |||||||||||||
Expiring 09/15/21 | Barclays Bank PLC | TRY | 217 | 23,673 | 25,102 | — | (1,429) |
25
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2021 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at July 31, 2021 (continued):
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Ukraine Hryvna, | |||||||||||||
Expiring 09/02/21 | UBS AG | UAH | 4,574 | $163,745 | $169,049 | $— | $(5,304) | ||||||
$38,530,567 | $37,973,843 | 673,784 | (117,060) | ||||||||||
$802,087 | $(765,775) |
Cross currency exchange contracts outstanding at July 31, 2021: | ||||||||||||||
Settlement | Type | Notional Amount (000) | In Exchange For (000) | Unrealized Appreciation | Unrealized Depreciation | Counterparty | ||||||||
OTC Cross Currency Exchange Contracts: | ||||||||||||||
10/19/21 | Buy | HUF | 37,036 | EUR | 103 | $— | $(125) | Citibank, N.A. |
Interest rate swap agreements outstanding at July 31, 2021:
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at July 31, 2021 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements: | ||||||||||||||
BRL | 3,324 | 01/02/23 | 6.450%(T) | 1 Day BROIS(2)(T) | $— | $(6,204) | $(6,204) | |||||||
BRL | 4,559 | 01/02/23 | 6.565%(T) | 1 Day BROIS(2)(T) | — | (5,298) | (5,298) | |||||||
BRL | 1,374 | 01/02/24 | 4.590%(T) | 1 Day BROIS(2)(T) | — | (17,125) | (17,125) | |||||||
BRL | 3,769 | 01/02/25 | 5.755%(T) | 1 Day BROIS(2)(T) | — | (37,412) | (37,412) | |||||||
BRL | 1,478 | 01/02/25 | 5.840%(T) | 1 Day BROIS(2)(T) | — | (11,920) | (11,920) | |||||||
BRL | 2,354 | 01/02/25 | 7.950%(T) | 1 Day BROIS(2)(T) | — | (5,893) | (5,893) | |||||||
BRL | 2,540 | 01/02/25 | 8.140%(T) | 1 Day BROIS(1)(T) | — | 86 | 86 | |||||||
BRL | 1,190 | 01/02/25 | 8.250%(T) | 1 Day BROIS(1)(T) | — | (958) | (958) | |||||||
BRL | 668 | 01/04/27 | 6.325%(T) | 1 Day BROIS(2)(T) | — | (10,954) | (10,954) | |||||||
BRL | 1,056 | 01/04/27 | 6.529%(T) | 1 Day BROIS(2)(T) | — | (14,753) | (14,753) | |||||||
BRL | 5,700 | 01/04/27 | 7.060%(T) | 1 Day BROIS(1)(T) | 42,230 | 80,522 | 38,292 | |||||||
BRL | 1,885 | 01/04/27 | 7.745%(T) | 1 Day BROIS(1)(T) | — | 14,750 | 14,750 | |||||||
BRL | 2,017 | 01/04/27 | 8.020%(T) | 1 Day BROIS(2)(T) | — | (13,831) | (13,831) | |||||||
BRL | 646 | 01/04/27 | 8.370%(T) | 1 Day BROIS(2)(T) | — | (2,815) | (2,815) | |||||||
BRL | 1,954 | 01/04/27 | 8.565%(T) | 1 Day BROIS(2)(T) | — | (1,752) | (1,752) | |||||||
BRL | 1,372 | 01/04/27 | 8.570%(T) | 1 Day BROIS(1)(T) | — | (737) | (737) | |||||||
CLP | 288,400 | 06/23/26 | 3.165%(S) | 1 Day CLOIS(1)(S) | — | 2,283 | 2,283 | |||||||
CLP | 268,200 | 07/12/26 | 3.505%(S) | 1 Day CLOIS(2)(S) | — | 2,822 | 2,822 | |||||||
CLP | 125,000 | 07/22/26 | 3.180%(S) | 1 Day CLOIS(2)(S) | — | (1,492) | (1,492) | |||||||
CLP | 117,190 | 07/22/26 | 3.200%(S) | 1 Day CLOIS(2)(S) | — | (1,253) | (1,253) | |||||||
CLP | 220,800 | 05/03/31 | 3.680%(S) | 1 Day CLOIS(1)(S) | — | 9,168 | 9,168 |
26
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2021 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2021 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at July 31, 2021 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
CNH | 2,100 | 06/15/25 | 2.175%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | $(2) | $(3,445) | $(3,443) | |||||||
CNH | 3,515 | 06/19/25 | 2.200%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (5) | (5,334) | (5,329) | |||||||
CNH | 3,085 | 10/30/25 | 2.535%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | 20 | 967 | 947 | |||||||
CNH | 5,800 | 07/12/26 | 2.640%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | — | 5,350 | 5,350 | |||||||
CNH | 2,360 | 07/27/26 | 2.553%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | — | 592 | 592 | |||||||
COP | 950,000 | 12/12/23 | 5.530%(Q) | 1 Day COOIS(2)(Q) | — | 10,134 | 10,134 | |||||||
COP | 5,700,000 | 06/10/26 | 4.600%(Q) | 1 Day COOIS(2)(Q) | (10,622) | (12,795) | (2,173) | |||||||
CZK | 6,507 | 06/15/31 | 1.730%(A) | 6 Month PRIBOR(2)(S) | — | 595 | 595 | |||||||
KRW | 4,900,000 | 03/12/26 | 1.407%(Q) | 3 Month KWCDC(2)(Q) | (11,425) | (7,765) | 3,660 | |||||||
MXN | 7,470 | 05/02/25 | 5.285%(M) | 28 Day Mexican Interbank Rate(2)(M) | 18 | (12,361) | (12,379) | |||||||
MXN | 14,446 | 03/11/26 | 4.845%(M) | 28 Day Mexican Interbank Rate(2)(M) | (14,160) | (44,580) | (30,420) | |||||||
MXN | 34,429 | 03/19/26 | 6.026%(M) | 28 Day Mexican Interbank Rate(2)(M) | 2,829 | (22,235) | (25,064) | |||||||
MXN | 9,380 | 06/10/26 | 5.800%(M) | 28 Day Mexican Interbank Rate(1)(M) | — | 11,393 | 11,393 | |||||||
MXN | 13,876 | 07/02/26 | 6.800%(M) | 28 Day Mexican Interbank Rate(2)(M) | 7,633 | 13,469 | 5,836 | |||||||
MXN | 9,180 | 07/14/26 | 6.465%(M) | 28 Day Mexican Interbank Rate(2)(M) | (25) | 1,779 | 1,804 | |||||||
MXN | 4,160 | 07/15/26 | 6.430%(M) | 28 Day Mexican Interbank Rate(2)(M) | (11) | 477 | 488 | |||||||
MXN | 2,040 | 01/28/30 | 6.640%(M) | 28 Day Mexican Interbank Rate(2)(M) | — | (678) | (678) | |||||||
MXN | 5,320 | 04/28/31 | 6.660%(M) | 28 Day Mexican Interbank Rate(2)(M) | (17) | (3,109) | (3,092) | |||||||
MXN | 4,500 | 05/14/31 | 6.915%(M) | 28 Day Mexican Interbank Rate(2)(M) | (17) | 1,382 | 1,399 | |||||||
MXN | 5,930 | 05/28/31 | 6.650%(M) | 28 Day Mexican Interbank Rate(2)(M) | (19) | (3,883) | (3,864) | |||||||
MXN | 5,600 | 06/20/31 | 7.110%(M) | 28 Day Mexican Interbank Rate(1)(M) | 60 | (5,495) | (5,555) | |||||||
PLN | 3,350 | 09/15/23 | 0.850%(A) | 6 Month WIBOR(1)(S) | — | (28) | (28) | |||||||
PLN | 2,700 | 07/24/24 | 1.798%(A) | 6 Month WIBOR(2)(S) | — | 15,917 | 15,917 | |||||||
PLN | 2,730 | 09/08/25 | 0.637%(A) | 6 Month WIBOR(2)(S) | (3,035) | (14,580) | (11,545) | |||||||
PLN | 700 | 06/17/31 | 1.745%(A) | 6 Month WIBOR(1)(S) | — | (1,012) | (1,012) | |||||||
ZAR | 4,500 | 06/25/25 | 5.010%(Q) | 3 Month JIBAR(2)(Q) | (23) | (2,823) | (2,800) |
27
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2021 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2021 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at July 31, 2021 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
ZAR | 5,156 | 08/21/25 | 4.978%(Q) | 3 Month JIBAR(1)(Q) | $(3,535) | $4,149 | $7,684 | |||||||
ZAR | 20,183 | 03/24/26 | 6.010%(Q) | 3 Month JIBAR(1)(Q) | (7,049) | (26,458) | (19,409) | |||||||
ZAR | 2,472 | 04/15/26 | 5.605%(Q) | 3 Month JIBAR(2)(Q) | (35) | 25 | 60 | |||||||
ZAR | 6,890 | 03/17/31 | 6.829%(Q) | 3 Month JIBAR(1)(Q) | — | 6,844 | 6,844 | |||||||
ZAR | 3,244 | 04/09/31 | 7.535%(Q) | 3 Month JIBAR(1)(Q) | 94 | (7,447) | (7,541) | |||||||
ZAR | 3,244 | 04/13/31 | 7.530%(Q) | 3 Month JIBAR(2)(Q) | (46) | 7,232 | 7,278 | |||||||
ZAR | 6,680 | 07/13/31 | 7.415%(Q) | 3 Month JIBAR(1)(Q) | 93 | (9,594) | (9,687) | |||||||
$2,951 | $(126,083) | $(129,034) |
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Fair Value | Upfront Premiums Paid(Received) | Unrealized Appreciation (Depreciation) | Counterparty | ||||||||
OTC Interest Rate Swap Agreements: | |||||||||||||||
MYR | 1,900 | 04/08/26 | 2.650%(Q) | 3 Month KLIBOR(1)(Q) | $(3,609) | $36 | $(3,645) | Morgan Stanley & Co. International PLC | |||||||
MYR | 2,800 | 04/21/26 | 2.595%(Q) | 3 Month KLIBOR(1)(Q) | (3,433) | 24 | (3,457) | HSBC Bank PLC | |||||||
MYR | 1,800 | 04/27/26 | 2.668%(Q) | 3 Month KLIBOR(1)(Q) | (3,564) | 26 | (3,590) | HSBC Bank PLC | |||||||
RUB | 96,500 | 06/16/26 | 6.653%(A) | 3 Month MosPRIME(2)(Q) | (19,191) | — | (19,191) | Goldman Sachs International | |||||||
$(29,797) | $86 | $(29,883) |
(1) | The Series pays the fixed rate and receives the floating rate. |
(2) | The Series pays the floating rate and receives the fixed rate. |
Other information regarding the Series is available in the Series’ most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
28