PGIM Global Total Return Fund Class Z (PZTRX) N-CSRS Certified semi-annual shareholder report (management investment company)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number:	811-04661
Exact name of registrant as specified in charter:	Prudential Global Total Return Fund, Inc.
Address of principal executive offices:	Gateway Center 3, 100 Mulberry Street, Newark, New Jersey 07102
Name and address of agent for service:	Deborah A. Docs Gateway Center 3, 100 Mulberry Street, Newark, New Jersey 07102
Registrant’s telephone number, including area code:	800-225-1852
Date of fiscal year end:	10/31/2012
Date of reporting period:	4/30/2012

Item 1  –  Reports to Stockholders

PRUDENTIAL INVESTMENTS»MUTUAL FUNDS

PRUDENTIAL GLOBAL TOTAL RETURN FUND, INC.

SEMIANNUAL REPORT ^· APRIL 30, 2012

Fund Type

Global Bond

Objective

Total return, made up of current income and capital appreciation

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 April 30, 2012, were not audited and, accordingly, no auditor’s opinion is expressed on them.

Prudential Investments, Prudential, the Prudential logo, the Rock symbol, and Bring Your Challenges are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

June 15, 2012

Dear Shareholder:

After an extraordinary career at Prudential, Judy Rice retired at the end of 2011 as President of Prudential Investments and President and Director of the Prudential Global Total Return Fund, Inc. (the Fund). While she will remain as Chairman of Prudential Investments until the end of 2012, I was named to succeed her as President of Prudential Investments and President and Director of the Fund effective January 1, 2012. I previously served as Executive Vice President of Retail Mutual Fund Distribution for Prudential Investments for the past six years.

Since this is my first letter to shareholders, I would like to recognize Judy for the significant contributions she made in building the Prudential Investments fund family and her unflagging commitment to helping investors like you meet the challenges of a rapidly changing investment environment. My goal is to build on Judy’s accomplishments, with a particular focus on delivering the solutions you need to address your financial goals.

I hope you find the semiannual report for the Fund informative. We recognize that ongoing market volatility may make it a difficult time to be an investor. We continue to believe a prudent response to uncertainty is to maintain a diversified portfolio, including stock and bond mutual funds consistent with your tolerance for risk, time horizon, and financial goals.

Your financial professional can help you create a diversified investment plan that reflects your personal investor profile and risk tolerance. Keep in mind that diversification and asset allocation strategies do not assure a profit or protect against loss in declining markets. We encourage you to call your financial professional before making any investment decision.

Prudential Investments provides a wide range of mutual funds to choose from that can help you make progress toward your financial goals. Our funds offer the experience, resources, and professional discipline of Prudential Financial’s affiliated asset managers. Thank you for choosing the Prudential Investments family of mutual funds.

Sincerely,

Stuart S. Parker, President

Prudential Global Total Return Fund, Inc.

Prudential Global Total Return Fund, Inc. 1

Your Fund’s Performance (Unaudited)

Performance data quoted represent past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate, so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the past performance data quoted. An investor may obtain performance data as of the most recent month-end by visiting our website at www.prudentialfunds.com or by calling (800) 225-1852. The maximum initial sales charge is 4.50% (Class A shares). Gross operating expenses: Class A, 1.33%; Class B, 2.03%; Class C, 2.03%; Class Q, 0.89%; Class Z, 1.03%. Net operating expenses: Class A, 1.28%; Class B, 2.03%; Class C, 2.03%; Class Q, 0.89%; Class Z, 1.03%, after contractual reduction through 2/28/2013 for Class A shares.

Cumulative Total Returns (Without Sales Charges) as of 4/30/12
	Six Months			One Year			Five Years			Ten Years			Since Inception
Class A		1.53	%		2.45	%		47.47	%		99.08	%	—
Class B		1.16			1.68			42.19			84.90		—
Class C		1.16			1.69			43.60			89.06		—
Class Q		N/A			N/A			N/A			N/A		0.35% (2/3/12)
Class Z		1.65			2.69			49.21			103.89		—
Barclays Global Aggregate Bond Index		0.96			3.30			36.28			99.49		—
Citigroup WGBI—Unhedged		0.30			3.33			39.34			109.36		—
Lipper Global Income Funds Average		2.80			3.00			31.16			86.70		—
Average Annual Total Returns (With Sales Charges) as of 3/31/12
				One Year			Five Years			Ten Years			Since Inception
Class A					1.01	%		7.06	%		6.61	%	—
Class B					–0.03			7.10			6.30		—
Class C					4.14			7.53			6.55		—
Class Q					N/A			N/A			N/A		N/A (2/3/12)
Class Z					6.01			8.33			7.37		—
Barclays Global Aggregate Bond Index					5.26			6.38			7.34		—
Citigroup WGBI—Unhedged					5.12			6.78			7.89		—
Lipper Global Income Funds Average					4.65			5.52			6.47		—

Source: Prudential Investments LLC and Lipper Inc. Performance figures may reflect fee waivers and/or expense reimbursements. In the absence of such fee waivers and/or expense reimbursements, total returns would be lower.

2 Visit our website at www.prudentialfunds.com

The average annual total returns take into account applicable sales charges. Class A shares are subject to a maximum front-end sales charge of 4.50% and a 12b-1 fee of 0.30% annually. All investors who purchase Class A shares in an amount of $1 million or more and sell these shares within 12 months of purchase are subject to a contingent deferred sales charge (CDSC) of 1%. The Class A CDSC is waived for purchases by certain retirement or benefit plans. Under certain circumstances, an exchange may be made from specified share classes of the Fund to one or more other share classes of the Fund. Class B shares are subject to a declining CDSC of 5%, 4%, 3%, 2%, 1%, and 1%, respectively, for the first six years after purchase and a 12b-1 fee of 1% annually. Approximately seven years after purchase, Class B will automatically convert to Class A shares on a quarterly basis. Class C shares are not subject to a front-end sales charge, but are subject to a CDSC of 1% for shares sold within 12 months from the date of purchase and an annual 12b-1 fee of 1%. Class Q and Class Z shares are not subject to a sales charge or 12b-1 fees. Without waiver of fees and/or expense subsidization, the Fund’s total returns would have been lower. The returns in the tables reflect the share class expense structure in effect at the close of the fiscal period.

For the period through February 28, 2013 the distributor of the Fund has contractually agreed to reduce its distribution and service (12b-1) fees to 0.25% of the average daily net assets of the Class A shares.

Benchmark Definitions

Barclays Global Aggregate Bond Index

The Barclays Global Aggregate Bond Index is an unmanaged index of global investment-grade fixed income markets. The three major components of this index are the U.S. Aggregate, the Pan-European Aggregate, and the Asian-Pacific Aggregate Indices. The index also includes Eurodollar and Euro-Yen corporate bonds, Canadian government, agency and corporate securities. Barclays Global Aggregate Bond Index Closest Month-End to Inception cumulative total return as of 4/30/12 is 0.38% for Class Q. Class Q shares have been in existence for less than one year and have no average annual total return performance information available.

Citigroup World Government Bond Index (WGBI)—Unhedged

Note: Effective March 10, 2011, the Fund no longer utilizes the Citigroup World Government Bond Index-Unhedged as its benchmark for performance comparisons. It now utilizes the Barclays Global Aggregate Bond Index. The Citigroup World Government Bond Index-Unhedged is an unmanaged index composed of domestic and foreign government debt. The Barclays Global Aggregate Bond Index is an unmanaged index composed of diversified domestic and foreign debt sectors, and is a more appropriate index for performance comparisons, because the Fund does not limit its sector allocations to government debt. Citigroup World Government Bond Index Closest Month-End to Inception cumulative total return as of 4/30/12 is –0.50% for Class Q. Class Q shares have been in existence for less than one year and have no average annual total return performance information available.

Lipper Global Income Funds Average

The Lipper Global Income Funds Average (Lipper Average) represents returns based on an average return of all funds in the Lipper Global Income Funds category for the periods noted. Funds in the Lipper Average invest primarily in U.S. dollar and non-U.S. dollar debt securities of issuers located in at least three countries, one of which may be the United States. Lipper Average Closest Month-End to Inception cumulative total return as of 4/30/12 is 1.16% for Class Q. Class Q shares have been in existence for less than one year and have no average annual total return performance information available.

Prudential Global Total Return Fund, Inc. 3

Your Fund’s Performance (continued)

Investors cannot invest directly in an index or average. The returns for the Indexes would be lower if they included the effects of sales charges, operating expenses of a mutual fund, or taxes. Returns for the Lipper Average reflect the deduction of operating expenses, but not sales charges or taxes.

Five Largest Long-Term Holdings expressed as a percentage of net assets as of 4/30/12
Hungary Government International Bond, Sr. Unsec'd. Notes, 4.500%, 01/29/14	1.9	%
Peruvian Government International Bond, Sr. Unsec'd. Notes, RegS, 7.500%, 10/14/14	1.8
Italy Buoni Poliennali del Tesoro, Bonds, 4.750%, 05/01/17	1.6
French Treasury Note BTAN, Bonds, 2.500%, 07/25/16	1.5
Spain Government Bond, 3.250%, 04/30/16	1.4

Holdings are subject to change.

Distributions and Yields as of 4/30/12
	Total Distributions Paid for Six Months		30-Day SEC Yield
Class A	$	0.18		2.40	%
Class B		0.16		1.78
Class C		0.16		1.78
Class Q		0.06		2.91
Class Z		0.19		2.75

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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 November 1, 2011, at the beginning of the period, and held through the six-month period ended April 30, 2012. 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 Prudential Investments 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 below 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 expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not

Prudential Global Total Return Fund, Inc. 5

Fees and Expenses (continued)

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.

Prudential Global Total Return Fund, Inc.		Beginning Account Value November 1, 2011		Ending Account Value April 30, 2012		Annualized Expense Ratio Based on the Six-Month Period			Expenses Paid During the Six-Month Period*
Class A	Actual	$	1,000.00	$	1,015.30		1.28	%	$	6.41
	Hypothetical	$	1,000.00	$	1,018.50		1.28	%	$	6.42
Class B	Actual	$	1,000.00	$	1,011.60		2.03	%	$	10.15
	Hypothetical	$	1,000.00	$	1,014.77		2.03	%	$	10.17
Class C	Actual	$	1,000.00	$	1,011.60		2.03	%	$	10.15
	Hypothetical	$	1,000.00	$	1,014.77		2.03	%	$	10.17
Class Q	Actual**	$	1,000.00	$	1,003.50		0.89	%	$	2.14
	Hypothetical	$	1,000.00	$	1,020.44		0.89	%	$	4.47
Class Z	Actual	$	1,000.00	$	1,016.50		1.03	%	$	5.16
	Hypothetical	$	1,000.00	$	1,019.74		1.03	%	$	5.17

* 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 182 days in the six-month period ended April 30, 2012, and divided by the 366 days in the Fund’s fiscal year ending October 31, 2012 (to reflect the six-month period). Expenses presented in the table include the expenses of any underlying portfolios in which the Fund may invest.

** “Actual” expenses are calculated using the 88 day period ended April 30, 2012 due to the Class’s inception date of February 3, 2012.

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Portfolio of Investments

as of April 30, 2012 (Unaudited)

Principal Amount (000)#		Description	Value (Note 1)
	LONG-TERM INVESTMENTS    94.9%
	FOREIGN BONDS    55.1%
	Austria    0.3%
EUR	500	Austria Government Bond, Sr. Unsec’d. Notes 3.200%, 02/20/17	$	711,229
	Belgium    2.2%
EUR	750	Belgium Government Bond, Ser. 48, 4.000%, 03/28/22		1,050,155
EUR	1,250	Ser. 59, 2.750%, 03/28/16		1,710,713
$	1,500	Belgium Government International Bond, Sr. Unsec’d. Notes, Ser. E, 144A, MTN, 2.875%, 09/15/14		1,533,384
	1,500	Ser. E, MTN, 2.750%, 03/05/15		1,520,226
				5,814,478
	Bermuda    0.4%
	30	Allied World Assurance Co. Holdings Ltd., Gtd. Notes, 5.500%, 11/15/20		31,147
	250	7.500%, 08/01/16		288,775
	400	Axis Capital Holdings Ltd., Sr. Unsec’d. Notes, 5.750%, 12/01/14		427,985
	250	Digicel Ltd., Sr. Unsec’d. Notes, 144A, 12.000%, 04/01/14		278,125
	65	Weatherford International Ltd. Bermuda, Gtd. Notes, 5.125%, 09/15/20		69,651
				1,095,683
	Brazil    1.6%
BRL	1,000	Brazil Notas do Tesouro Nacional, Notes, Ser. NTNF, 10.000%, 01/01/14		533,762
BRL	100	Serie F, Ser. NTNF, 10.000%, 01/01/21		50,767
	500	Brazilian Government International Bond, Sr. Unsec’d. Notes 4.875%, 01/22/21		574,000

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 7

Portfolio of Investments

as of April 30, 2012 (Unaudited) continued

Principal Amount (000)#		Description	Value (Note 1)
	FOREIGN BONDS (Continued)
	Brazil (cont’d.)
EUR	300	7.375%, 02/03/15	$	458,542
EUR	200	Unsec’d. Notes 11.000%, 06/26/17		370,555
BRL	2,850	Cia Energetica de Sao Paulo, Sr. Unsec’d. Notes, 144A, MTN, 9.750%, 01/15/15		2,231,406
				4,219,032
	Canada    1.5%
$	25	Agrium, Inc., Sr. Unsec’d. Notes, 6.125%, 01/15/41		29,651
	675	Bank of Montreal, Sr. Unsec’d. Notes, MTN, 2.500%, 01/11/17		693,353
	1,125	Bank of Nova Scotia, Sr. Unsec’d. Notes, 2.550%, 01/12/17		1,168,913
CAD	300	Canadian Government Bond, 1.000%, 02/01/14		301,898
	77	Canadian Pacific Railway Co., Sr. Unsec’d. Notes, 6.500%, 05/15/18		91,517
	250	Novelis, Inc., Gtd. Notes, 8.375%, 12/15/17		270,000
EUR	300	Province of Quebec Canada, Ser. E, MTN, 3.625%, 02/10/15		425,701
	29	Teck Resources Ltd., Sr. Sec’d. Notes, 10.250%, 05/15/16		33,245
	200	TransAlta Corp., Sr. Unsec’d. Notes, 6.650%, 05/15/18		229,995
	325	Videotron Ltee, Gtd. Notes, 9.125%, 04/15/18		359,125
	250	Xstrata Finance Canada Ltd., Gtd. Notes, 144A, 2.850%, 11/10/14		255,927
				3,859,325
	Cayman Islands    1.0%
	250	ENN Energy Holdings Ltd., Sr. Unsec’d. Notes, 144A, 6.000%, 05/13/21		239,494
	250	Hutchison Whampoa International (09) Ltd., Gtd. Notes, RegS, 7.625%, 04/09/19		308,741
	300	IPIC GMTN Ltd., Gtd. Notes, 144A, MTN, 5.500%, 03/01/22		313,500

See Notes to Financial Statements.

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Principal Amount (000)#		Description	Value (Note 1)
	FOREIGN BONDS (Continued)
	Cayman Islands (cont’d.)
$	120	MUFG Capital Finance 1 Ltd., Gtd. Notes, 6.346%, 07/25/49(a)	$	126,397
	900	Petrobras International Finance Co. - PifCo., Gtd. Notes, 5.375%, 01/27/21		985,887
	250	Schahin II Finance Co. SPV Ltd., Sr. Sec’d. Notes, 144A, 5.875%, 09/25/22		250,000
	300	Seagate HDD Cayman, Gtd. Notes, 6.875%, 05/01/20		321,750
	25	Transocean, Inc., Gtd. Notes, 7.350%, 12/15/41		30,619
				2,576,388
	Chile    0.1%
	260	Empresa Nacional de Electricidad SA, Sr. Unsec’d. Notes, 8.350%, 08/01/13		279,468
	China    0.4%
	989	China Government International Bond, 4.750%, 10/29/13		1,042,736
	Colombia    0.9%
	1,000	Colombia Government International Bond, Sr. Unsec’d. Notes, 8.250%, 12/22/14		1,178,500
	715	Republic of Colombia, Sr. Unsec’d. Notes, 11.750%, 02/25/20		1,145,787
				2,324,287
	Croatia    0.5%
EUR	1,050	Croatia Government International Bond, Sr. Unsec’d. Notes, 6.500%, 01/05/15		1,442,002
	Czech Republic    1.6%
CZK	18,000	Czech Republic Government Bond, Ser. 34, 6.950%, 01/26/16		1,122,430
CHF	300	Czech Republic International, Sr. Unsec’d. Notes 2.875%, 11/23/16		352,008
EUR	2,100	Sr. Unsec’d. Notes, Ser. E, MTN, 3.625%, 04/14/21		2,868,715
				4,343,153

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 9

Portfolio of Investments

as of April 30, 2012 (Unaudited) continued

Principal Amount (000)#		Description	Value (Note 1)
	FOREIGN BONDS (Continued)
	Denmark    0.2%
DKK	1,500	Denmark Government Bond, 5.000%, 11/15/13	$	286,328
EUR	100	Denmark Government International Bond, Sr. Unsec’d. Notes, Ser. E, MTN, 1.750%, 10/05/15		136,706
				423,034
	Finland    0.3%
EUR	200	Finland Government Bond, Sr. Unsec’d. Notes 1.875%, 04/15/17		273,852
EUR	300	3.500%, 04/15/21		442,776
				716,628
	France    2.0%
$	200	Agence Francaise de Developpement, Notes, Ser. E, MTN, 2.250%, 05/22/12		200,171
EUR	500	Caisse D’amortissement de La Dette Sociale, Sr. Unsec’d. Notes, Ser. E, MTN, 3.625%, 04/25/16		709,557
EUR	2,900	French Treasury Note BTAN, 2.500%, 07/25/16(b)		3,994,957
EUR	200	Societe des Autoroutes Paris-Rhin-Rhone, Sr. Unsec’d. Notes, Ser. E, MTN, 5.000%, 01/12/17		281,792
				5,186,477
	Germany    0.5%
EUR	335	Bundesobligation, Unsec’d. Notes, Ser. 162, 0.750%, 02/24/17		446,352
SGD	750	KFW, Gtd. Notes, Ser. E, MTN, 1.860%, 08/13/12		607,470
EUR	200	RWE AG, Jr. Sub. Notes, 4.625%, 09/28/49(a)		251,974
				1,305,796

See Notes to Financial Statements.

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Principal Amount (000)#		Description	Value (Note 1)
	FOREIGN BONDS (Continued)
	Hong Kong    0.1%
$	200	Hong Kong SAR Government Bond, Unsec’d. Notes, RegS, 5.125%, 08/01/14	$	216,345
	Hungary    4.4%
EUR	1,000	Hungary Government International Bond, Sr. Unsec’d. Notes, 4.375%, 07/04/17		1,150,028
EUR	4,000	4.500%, 01/29/14		5,120,588
GBP	325	5.500%, 05/06/14		500,913
JPY	100,000	Sr. Unsec’d. Notes, Ser. 3BR, 0.960%, 07/12/12		1,235,550
JPY	100,000	Sr. Unsec’d. Notes, Ser. 4BR, 1.670%, 03/18/13		1,179,369
CHF	500	Sr. Unsec’d. Notes, Ser. E, MTN, 4.000%, 05/20/16		479,260
EUR	1,500	6.750%, 07/28/14		1,980,780
				11,646,488
	Indonesia    0.9%
	130	Adaro Indonesia PT, Gtd. Notes, RegS, 7.625%, 10/22/19		141,544
	2,000	Indonesia Government International Bond, Sr. Unsec’d. Notes, RegS, 6.750%, 03/10/14		2,145,000
				2,286,544
	Ireland    1.0%
EUR	1,150	Ireland Government Bond, 4.500%, 04/18/20		1,312,059
EUR	400	Nara Cable Funding Ltd., Sr. Sec’d. Notes, RegS, 8.875%, 12/01/18		476,531
	450	Raspadskaya OJSC Via Raspadskaya Securities Ltd., Bonds, 144A, 7.750%, 04/27/17		451,125
	295	Vimpel Communications Via VIP Finance Ireland Ltd. OJSC, Unsec’d. Notes, 144A, 7.748%, 02/02/21		293,599

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 11

Portfolio of Investments

as of April 30, 2012 (Unaudited) continued

Principal Amount (000)#		Description	Value (Note 1)
	FOREIGN BONDS (Continued)
	Ireland (cont’d.)
$	100	Willis Group Holdings PLC, Gtd. Notes, 4.125%, 03/15/16	$	104,705
				2,638,019
	Israel    1.2%
ILS	1,300	Israel Government Bond, Ser. 0313, 5.000%, 03/31/13		351,967
		Israel Government International Bond, Sr. Unsec’d. Notes,
EUR	350	4.625%, 03/18/20		496,883
	800	5.125%, 03/26/19		895,946
EUR	1,000	Sr. Unsec’d. Notes, Ser. E, MTN, 3.750%, 10/12/15		1,383,528
				3,128,324
	Italy    3.6%
		Italy Buoni Poliennali del Tesoro, Bonds,
EUR	3,185	4.750%, 05/01/17		4,240,005
EUR	600	6.000%, 05/01/31		787,706
EUR	1,000	Italy Certificati di Credito del Tesoro, Bonds, 3.180%, 01/31/14(c)		1,252,815
		Republic of Italy, Sr. Unsec’d. Notes,
JPY	92,000	3.700%, 11/14/16		1,111,325
JPY	100,000	4.500%, 06/08/15		1,259,747
JPY	62,000	5.500%, 12/15/14		798,510
				9,450,108
	Japan    2.9%
JPY	200,000	Japan Government Two Year Bond, Sr. Unsec’d. Notes, Ser. 311, 0.200%, 12/15/13		2,508,514
JPY	121,500	Japan Government Ten Year Bond, Sr. Unsec’d. Notes, Ser. 318, 1.000%, 09/20/21		1,544,826
JPY	164,000	Japan Government Twenty Year Bond, Sr. Unsec’d. Notes, Ser. 108, 1.900%, 12/20/28		2,159,585

See Notes to Financial Statements.

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Principal Amount (000)#		Description	Value (Note 1)
	FOREIGN BONDS (Continued)
	Japan (cont’d.)
JPY	85,000	Ser. 132, 1.700%, 12/20/31	$	1,065,598
JPY	25,000	Ser. 134, 1.800%, 03/20/32		318,078
				7,596,601
	Kazakhstan    0.1%
$	150	KazMunayGas National Co., Sr. Unsec’d. Notes, 144A, MTN, 8.375%, 07/02/13		158,811
	Luxembourg    1.8%
		ArcelorMittal, Sr. Unsec’d. Notes,
	250	6.125%, 06/01/18		263,489
	100	6.250%, 02/25/22		101,861
	300	Enel Finance International SA, Gtd. Notes, 144A, 6.000%, 10/07/39		253,753
		GAZ Capital SA for Gazprom, Sr. Unsec’d. Notes, 144A,
	300	4.950%, 05/23/16		312,777
	350	9.250%, 04/23/19		435,750
	1,000	Sr. Unsec’d. Notes, RegS, 9.250%, 04/23/19		1,245,000
	252	Gazprom International SA, Sr. Unsec’d. Notes, RegS, 7.201%, 02/01/20		277,264
EUR	300	Luxembourg Government Bond, Sr. Unsec’d. Notes, 3.375%, 05/18/20		439,079
	200	Minerva Luxembourg SA, Gtd. Notes, 144A, 12.250%, 02/10/22		213,000
	380	RSHB Capital SA for OJSC Russian Agricultural Bank, Sr. Unsec’d. Notes, 144A, 7.125%, 01/14/14		405,650
	315	VTB Bank OJSC Via VTB Capital SA, Sr. Unsec’d. Notes, 144A, 6.875%, 05/29/18(d)		332,391
EUR	500	Wind Acquisition Finance SA, Gtd. Notes, RegS, 11.750%, 07/15/17		617,174
				4,897,188
	Malaysia    0.4%
MYR	3,500	Malaysia Government Bond, Ser. 0211, 3.434%, 08/15/14		1,164,397

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 13

Portfolio of Investments

as of April 30, 2012 (Unaudited) continued

Principal Amount (000)#		Description	Value (Note 1)
	FOREIGN BONDS (Continued)
	Mexico    2.7%
MXN	3,500	Mexican Bonos, Bonds, Ser. M, 9.000%, 06/20/13	$	281,548
MXN	18,500	Ser. M 30 10.000%, 11/20/36		1,835,272
EUR	500	Mexico Government International Bond, Sr. Unsec’d. Notes, 5.375%, 06/10/13		689,977
		Sr. Unsec’d. Notes, Ser. G, MTN,
EUR	1,800	4.250%, 07/14/17		2,548,249
GBP	825	6.750%, 02/06/24		1,519,645
$	300	Petroleos Mexicanos, Gtd. Notes, 144A, 4.875%, 01/24/22		319,839
				7,194,530
	Netherlands    1.2%
ZAR	5,000	Bank Nederlandse Gemeenten, Sr. Unsec’d. Notes, Ser. E, MTN, 9.750%, 08/07/12		647,340
SGD	500	Cooperatieve Centrale Raiffeisen-Boerenleenbank BA, Sr. Unsec’d. Notes, Ser. G, MTN, 2.100%, 09/10/12		405,973
EUR	155	Hertz Holdings Netherlands BV, Sr. Sec’d. Notes, RegS, 8.500%, 07/31/15		221,587
	200	Indo Integrated Energy II BV, Sr. Sec’d. Notes, RegS, 9.750%, 11/05/16		219,000
	130	LUKOIL International Finance BV, Gtd. Notes, 144A, 7.250%, 11/05/19		146,575
		Netherlands Government Bond,
EUR	400	4.000%, 07/15/18		604,289
EUR	300	2.500%, 01/15/17		420,101
EUR	131	NXP BV/NXP Funding LLC, Sr. Sec’d. Notes, Ser. EXCH, 3.507%, 10/15/13(a)		171,102
EUR	300	Wolters Kluwer NV, Sr. Unsec’d. Notes, 6.375%, 04/10/18		477,637
				3,313,604

See Notes to Financial Statements.

14 Visit our website at www.prudentialfunds.com

Principal Amount (000)#		Description	Value (Note 1)
	FOREIGN BONDS (Continued)
	Norway    0.3%
$	500	Kommunalbanken AS, Sr. Unsec’d. Notes, RegS, 2.375%, 01/19/16	$	519,530
NOK	1,500	Norway Government Bond, Ser. 470, 6.500%, 05/15/13		275,077
				794,607
	Peru    2.1%
	500	Peruvian Government International Bond, Sr. Unsec’d. Notes, 7.350%, 07/21/25		692,500
EUR	3,267	Sr. Unsec’d. Notes, RegS, 7.500%, 10/14/14		4,875,893
				5,568,393
	Philippines    1.2%
		Philippine Government International Bond, Sr. Unsec’d. Notes,
EUR	1,700	6.250%, 03/15/16		2,447,184
	500	6.500%, 01/20/20		610,000
				3,057,184
	Poland    3.0%
PLN	1,300	Poland Government Bond, Ser. 0114, 4.670%, 01/25/14(c)		380,893
JPY	200,000	Poland Government International Bond, Sr. Unsec’d. Notes, Ser. 8, 1.920%, 11/13/12		2,512,292
CHF	1,000	Sr. Unsec’d. Notes, Ser. E, MTN, 2.625%, 05/12/15		1,127,637
EUR	500	3.625%, 02/01/16		692,095
EUR	500	5.250%, 01/20/25		697,522
JPY	200,000	Republic of Poland, Sr. Unsec’d. Notes, Ser. 3BR, 1.000%, 06/20/12		2,503,823
				7,914,262
	Portugal    0.7%
EUR	1,000	Portugal Obrigacoes do Tesouro OT, Sr. Unsec’d. Notes, 3.350%, 10/15/15		1,024,250

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 15

Portfolio of Investments

as of April 30, 2012 (Unaudited) continued

Principal Amount (000)#		Description	Value (Note 1)
	FOREIGN BONDS (Continued)
	Portugal (cont’d.)
EUR	700	4.200%, 10/15/16	$	698,647
EUR	250	4.750%, 06/14/19		214,770
				1,937,667
	Romania    0.5%
EUR	1,050	Romanian Government International Bond, Sr. Unsec’d. Notes, 8.500%, 05/08/12		1,390,855
	Russia    0.9%
$	2,013	Russian Foreign Bond - Eurobond, Sr. Unsec’d. Notes, RegS, 7.500%, 03/31/30		2,412,484
	Singapore    0.5%
	400	Berau Capital Resources Pte Ltd., Gtd. Notes, RegS, 12.500%, 07/08/15		447,000
	140	Bumi Investment Pte Ltd., Sr. Sec’d. Notes, MTN, RegS, 10.750%, 10/06/17		150,500
SGD	750	Singapore Government Bond, Sr. Unsec’d. Notes, 1.125%, 04/01/16		624,261
				1,221,761
	South Africa    1.4%
EUR	200	Eskom Holdings SOC Ltd., Sr. Unsec’d. Notes, 4.000%, 03/07/13		266,672
ZAR	6,745	South Africa Government Bond, Ser. R213, 7.000%, 02/28/31		741,075
EUR	550	South Africa Government International Bond, 5.250%, 05/16/13		757,579
EUR	1,427	Unsec’d. Notes, Ser. E, MTN, 4.500%, 04/05/16		2,025,862
				3,791,188
	South Korea    3.1%
	240	Export-Import Bank of Korea, Sr. Unsec’d. Notes, 5.875%, 01/14/15		261,568
	100	8.125%, 01/21/14		109,901

See Notes to Financial Statements.

16 Visit our website at www.prudentialfunds.com

Principal Amount (000)#		Description	Value (Note 1)
	FOREIGN BONDS (Continued)
	South Korea (cont’d.)
SGD	250	Sr. Unsec’d. Notes, Ser. E, MTN, 1.570%, 05/24/12	$	202,091
CHF	400	2.500%, 10/26/12		444,136
HKD	1,000	3.070%, 10/15/12		129,939
HKD	5,000	4.250%, 06/15/12		647,012
JPY	100,000	Industrial Bank of Korea, Sr. Unsec’d. Notes, Ser. 7, 1.700%, 07/23/12		1,255,471
$	550	Korea Development Bank, Sr. Unsec’d. Notes, 3.875%, 05/04/17		570,362
CHF	500	Sr. Unsec’d. Notes, Ser. E, MTN, 4.125%, 05/16/13		568,005
SGD	250	Sr. Unsec’d. Notes, Ser. E, MTN, RegS, 0.900%, 09/26/12		201,874
SGD	500	Korea Finance Corp., Sr. Unsec’d. Notes, Ser. E, MTN, RegS, 1.600%, 12/28/12		404,202
	1,000	Korea Housing Finance Corp., Covered Notes, RegS, 4.125%, 12/15/15		1,053,638
	270	Korea Hydro & Nuclear Power Co. Ltd., Sr. Unsec’d. Notes, 144A, 4.750%, 07/13/21		286,397
	200	National Agricultural Cooperative Federation, Sr. Unsec’d. Notes, 144A, MTN, 3.500%, 02/08/17		201,207
EUR	880	Republic of Korea, Sr. Unsec’d. Notes, 3.625%, 11/02/15		1,227,522
	500	Shinhan Bank, Sr. Notes, RegS, 4.125%, 10/04/16		521,319
				8,084,644
	Spain     2.7%
EUR	400	Instituto de Credito Oficial, Gov’t. Gtd. Notes, MTN, RegS, 4.375%, 03/31/14		535,949
EUR	450	Spain Government Bond, 3.000%, 04/30/15		581,965
EUR	2,900	3.250%, 04/30/16		3,682,101
EUR	300	4.900%, 07/30/40		324,359
EUR	160	5.750%, 07/30/32		199,253

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 17

Portfolio of Investments

as of April 30, 2012 (Unaudited) continued

Principal Amount (000)#		Description	Value (Note 1)
	FOREIGN BONDS (Continued)
	Spain (cont’d.)
EUR	1,610	Sr. Unsub. Notes, 4.000%, 04/30/20	$	1,937,217
				7,260,844
	Supranational    0.9%
MXN	5,000	Asian Development Bank, Sr. Unsec’d. Notes, 5.000%, 05/24/12		383,938
MXN	12,550	5.100%, 05/11/12		963,500
$	230	Corp. Andina de Fomento, Sr. Unsec’d. Notes, 3.750%, 01/15/16		240,417
ZAR	2,750	International Bank for Reconstruction & Development, Unsub. Notes, Ser. E, MTN, 7.200%, 05/10/12		353,806
HKD	3,000	Nordic Investment Bank, Sr. Notes, Ser. E, MTN, 5.000%, 11/30/12		396,667
				2,338,328
	Sweden    0.7%
	1,250	Nordea Bank AB, Sr. Unsec’d. Notes, 144A, 3.125%, 03/20/17		1,262,000
SEK	2,000	Sweden Government Bond, Ser. 1041, 6.750%, 05/05/14		330,264
EUR	200	Sweden Government International Bond, Sr. Unsec’d. Notes, Ser. E, MTN, 3.125%, 05/07/14		279,681
				1,871,945
	Turkey    1.3%
TRY	1,000	Turkey Government Bond, 9.470%, 07/17/13(c)		509,973
EUR	1,148	Turkey Government International Bond, Sr. Unsec’d. Notes, 5.500%, 02/16/17		1,599,687
EUR	750	6.500%, 02/10/14		1,059,189
	200	Turkiye Garanti Bankasi AS, Sr. Unsec’d. Notes, 144A, 6.250%, 04/20/21		200,750
				3,369,599

See Notes to Financial Statements.

18 Visit our website at www.prudentialfunds.com

Principal Amount (000)#		Description	Value (Note 1)
	FOREIGN BONDS (Continued)
	United Arab Emirates    0.2%
$	299	Dolphin Energy Ltd., Sr. Sec’d. Notes, 144A, 5.888%, 06/15/19	$	325,412
	200	Dubai Electricity & Water Authority, Sr. Unsec’d. Notes, 144A, 8.500%, 04/22/15		222,600
				548,012
	United Kingdom    1.7%
	450	Barclays Bank PLC, Sr. Unsec’d. Notes, 6.750%, 05/22/19		518,072
	125	BP Capital Markets PLC, Gtd. Notes, 4.500%, 10/01/20		138,893
	30	5.250%, 11/07/13		31,925
	150	HSBC Holdings PLC, Sr. Unsec’d. Notes, 4.875%, 01/14/22		161,761
	85	5.100%, 04/05/21		93,597
	125	Sub. Notes, 6.500%, 09/15/37		138,694
	525	6.800%, 06/01/38		592,875
EUR	200	Imperial Tobacco Finance PLC, Gtd. Notes, Ser. E, MTN, 8.375%, 02/17/16		323,020
	575	Lloyds TSB Bank PLC, Gtd. Notes, 4.200%, 03/28/17		583,356
	500	6.375%, 01/21/21		540,527
	245	Gtd. Notes, 144A, MTN, 5.800%, 01/13/20		253,967
	150	Royal Bank of Scotland Group PLC, Sr. Unsec’d. Notes, MTN, 6.400%, 10/21/19		157,098
	325	Royal Bank of Scotland PLC (The), Gtd. Notes, 6.125%, 01/11/21		352,511
	140	Gtd. Notes, Ser. 2, 3.400%, 08/23/13		141,656
GBP	250	United Kingdom Gilt, Bonds, 4.250%, 12/07/40		474,131
				4,502,083

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 19

Portfolio of Investments

as of April 30, 2012 (Unaudited) continued

Principal Amount (000)#		Description	Value (Note 1)
	FOREIGN BONDS (Continued)
	Venezuela
$	150	Petroleos de Venezuela SA, Sr. Unsec’d. Notes, Ser. 2014, 4.900%, 10/28/14	$	136,875
	Virgin Islands (BR)    0.1%
	200	Mega Advance Investments Ltd., Gtd. Notes, 144A, 5.000%, 05/12/21		210,914
		Total foreign bonds		145,442,320
	ASSET-BACKED SECURITIES    6.2%
	Non-Residential Mortgage-Backed Securities    3.1%
	492	AIMCO CDO (Cayman Islands), Ser. 2005-AA, Class A1B, 144A, 0.716%, 10/20/19(a)		470,484
	500	Apidos CDO (Cayman Islands), 144A, Ser. 2006-4A, Class A1, 0.716%, 10/27/18(a)		476,818
	500	Ser. 2011-8A, Class A1, 1.966%, 10/17/21(a)		496,610
	500	ARES CLO Ltd. (Cayman Islands), Ser. 2011-16A, Class A, 144A, 2.095%, 05/17/21(a)		502,820
	238	ARES Enhanced Loan Investment Strategy Ltd. (Cayman Islands), Ser. 2006-2A, Class A2, 144A, 0.726%, 01/26/20(a)		229,901
	431	BlackRock Senior Income Series Corp. (Cayman Islands), Ser. 2005-2A, Class A1, 144A, 0.741%, 05/25/17(a)		424,266
	817	Four Corners CLO (Cayman Islands), Ser. 2006-3A, Class A, 144A, 0.716%, 07/22/20(a)		778,812
		FUEL Trust, Sec’d. Notes, 144A,
	200	3.984%, 06/15/16		207,197
	250	4.207%, 04/15/16		261,053
	24	Gulf Stream Compass CLO Ltd. (Cayman Islands), Ser. 2004-1A, Class A, 144A, 0.827%, 07/15/16(a)		23,939

See Notes to Financial Statements.

20 Visit our website at www.prudentialfunds.com

Principal Amount (000)#		Description	Value (Note 1)
	ASSET-BACKED SECURITIES (Continued)
	Non-Residential Mortgage-Backed Securities (cont’d.)
EUR	500	Highlander Euro CDO Cayman Ltd. (Netherlands), Ser. 2008-4A, Class C, 144A, 6.173%, 08/01/16(a)	$	605,466
$	482	Katonah Ltd. (Cayman Islands), Ser. 2005-7A, Class A2, 144A, 0.763%, 11/15/17(a)		469,971
	484	Landmark CDO Ltd. (Cayman Islands), Ser. 2006-8A, Class A1, 144A, 0.706%, 10/19/20(a)		468,032
	611	Lightpoint CLO Ltd. (Cayman Islands), Ser. 2005-3A, Class A1A, 144A, 0.734%, 09/15/17(a)		591,817
	85	Monument Park CDO Ltd. (Cayman Islands), Ser. 2004-1A, Class A1, 144A, 1.016%, 01/20/16(a)		84,107
	200	Mountain Capital CLO Ltd. (Cayman Islands), Ser. 2004-3A, Class A2L, 144A, 1.303%, 02/15/16(a)		193,651
	593	Ser. 2005-4A, Class A1L, 144A, 0.724%, 03/15/18(a)		573,666
EUR	313	North Westerly CLO BV (Netherlands), Ser. II-A, Class A, 144A, 1.573%, 09/14/19(a)		390,331
	52	Railcar Leasing LLC, Ser. 1997-1, Class A2, 144A, 7.125%, 01/15/13		53,241
	198	Rosedale CLO Ltd. (Cayman Islands), Ser. 2006-A, Class A1S, 144A, 0.716%, 07/24/21(a)		191,854
	600	Trimaran CLO Ltd. (Cayman Islands), Ser. 2006-2A, Class A1L, 144A, 0.797%, 11/01/18(a)		581,393
	134	Venture CDO Ltd. (Cayman Islands), Ser. 2003-1A, Class A1, 144A, 0.966%, 01/21/16(a)(d)		133,242
				8,208,671

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 21

Portfolio of Investments

as of April 30, 2012 (Unaudited) continued

Principal Amount (000)#		Description	Value (Note 1)
	ASSET-BACKED SECURITIES (Continued)
	Residential Mortgage-Backed Securities    3.1%
$	335	ACE Securities Corp., Ser. 2004-FM1, Class M1, 1.139%, 09/25/33(a)	$	259,343
	449	Aegis Asset Backed Securities Trust, Ser. 2004-2, Class A5, 0.689%, 06/25/34(a)		416,605
	400	Ameriquest Mortgage Securities, Inc., Ser. 2004-R8, Class M1, 1.199%, 09/25/34(a)		304,298
	348	Argent Securities, Inc., Ser. 2004-W6, Class M1, 0.789%, 05/25/34(a)		261,014
	354	Bear Stearns Asset Backed Securities Trust, Ser. 2004-HE2, Class M1, 1.139%, 03/25/34(a)		275,752
	263	Ser. 2004-HE3, Class M2, 1.964%, 04/25/34(a)		218,920
	217	Chase Funding Loan Acquisition Trust, Ser. 2004-AQ1, Class A2, 0.639%, 05/25/34(a)		185,039
	223	Citigroup Mortgage Loan Trust, Inc., Ser. 2004-OPT1, Class A2, 0.599%, 10/25/34(a)		215,526
	208	Countrywide Asset-Backed Certificates, Ser. 2002-5, Class MV1, 1.739%, 03/25/33(a)		179,004
	421	Fremont Home Loan Trust, Ser. 2004-1, Class M1, 0.914%, 02/25/34(a)		313,520
	281	GSAMP Trust, Ser. 2004-FM1, Class M1, 1.214%, 11/25/33(a)		218,617
	616	Home Equity Asset Trust, Ser. 2004-3, Class M1, 1.094%, 08/25/34(a)		454,496
	400	HSBC Home Equity Loan Trust, Ser. 2007-2, Class A4, 0.540%, 07/20/36(a)		334,844
	600	Long Beach Mortgage Loan Trust, Ser. 2004-3, Class M1, 1.094%, 07/25/34(a)		426,496

See Notes to Financial Statements.

22 Visit our website at www.prudentialfunds.com

Principal Amount (000)#		Description	Value (Note 1)
	ASSET-BACKED SECURITIES (Continued)
	Residential Mortgage-Backed Securities (cont’d.)
$	375	Mastr Asset Backed Securities Trust, Ser. 2004-OPT2, Class A1, 0.589%, 09/25/34(a)	$	269,098
	300	Merrill Lynch Mortgage Investors, Inc., Ser. 2004-HE2, Class M1, 1.039%, 08/25/35(a)		222,304
	379	Morgan Stanley ABS Capital I, Ser. 2003-NC8, Class M1, 1.289%, 09/25/33(a)		279,769
	476	Ser. 2004-NC1, Class M1, 1.289%, 12/25/33(a)		411,826
	437	Ser. 2004-OP1, Class M1, 1.109%, 11/25/34(a)		320,231
	744	Ser. 2004-WMC1, Class M1, 1.169%, 06/25/34(a)		590,157
	296	Ser. 2004-WMC2, Class M1, 1.154%, 07/25/34(a)		243,718
	383	Morgan Stanley Dean Witter Capital I, Ser. 2002-AM3, Class A3, 1.219%, 02/25/33(a)		302,183
	486	New Century Home Equity Loan Trust, Ser. 2003-4, Class M1, 1.364%, 10/25/33(a)		406,498
	389	Option One Mortgage Loan Trust, Ser. 2003-6, Class A2, 0.899%, 11/25/33(a)		316,549
	230	Popular ABS Mortgage Pass-Through Trust, Ser. 2004-4, Class M1, 5.181%, 09/25/34		153,768
	186	Saxon Asset Securities Trust, Ser. 2004-2, Class MF1, 5.500%, 08/25/35		116,489
	106	Structured Asset Investment Loan Trust, Ser. 2004-2, Class A4, 0.944%, 03/25/34(a)		77,450
	376	Ser. 2004-8, Class A8, 1.239%, 09/25/34(a)		337,114
				8,110,628
		Total asset-backed securities		16,319,299

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 23

Portfolio of Investments

as of April 30, 2012 (Unaudited) continued

Principal Amount (000)#		Description	Value (Note 1)
	BANK LOANS(a)    1.6%
	Automotive    0.1%
$	199	Chrysler LLC, 5.220%, 05/24/17	$	202,028
	Chemicals    0.2%
	249	Ashland, Inc., 3.750%, 08/23/18		248,878
	249	Rockwood Holdings, Inc., 3.500%, 02/09/18		249,988
				498,866
	Consumer
	142	Visant Corp., 5.250%, 12/22/16		139,649
	Electric    0.2%
	397	Calpine Corp., 4.500%, 04/01/18		397,347
	Foods    0.1%
	149	Del Monte Foods Co., 4.500%, 03/08/18		147,688
	Gaming    0.1%
	142	CCM Merger, Inc., 6.750%, 03/01/17		141,442
	250	Scientific Games Corp., 2.995%, 06/30/15		248,750
				390,192
	Healthcare & Pharmaceutical    0.4%
	466	Community Health Systems, Inc., 3.989%, 01/25/17		460,287
		HCA, Inc.,
	56	3.489%, 02/02/16		55,548
	134	3.720%, 03/31/17		131,438
	446	RPI Finance Trust, 4.000%, 05/09/18		446,651
				1,093,924

See Notes to Financial Statements.

24 Visit our website at www.prudentialfunds.com

Principal Amount (000)#		Description	Value (Note 1)
	BANK LOANS(a) (Continued)
	Retailers    0.1%
$	320	Dollar General Corp., 3.202%, 07/07/14	$	320,358
	Technology    0.3%
		First Data Corp.,
	237	4.240%, 03/26/18		215,883
	18	5.240%, 03/24/17		17,166
	397	Sensata Technologies BV, 4.000%, 05/12/18		396,997
		SunGard Data Systems, Inc.,
	117	3.947%, 02/28/16		117,122
	5	3.991%, 02/28/17		4,598
				751,766
	Telecommunications    0.1%
	296	Fibertech Networks LLC, 6.750%, 11/30/16		296,620
		Total bank loans		4,238,438
	COMMERCIAL MORTGAGE-BACKED SECURITIES    5.4%
	700	Commercial Mortgage Pass-Through Certificates, Ser. 2006-C7, Class A4, 5.749%, 06/10/46(a)		791,993
	600	Credit Suisse First Boston Mortgage Securities Corp., Ser. 2005-C5, Class A4, 5.100%, 08/15/38(a)		664,420
	544	Credit Suisse Mortgage Capital Certificates, Ser. 2007-C5, Class A2, 5.589%, 09/15/40		545,992
	400	CW Capital Cobalt Ltd., Ser. 2007-C3, Class A3, 5.812%, 05/15/46(a)		430,773
	1,000	GE Capital Commercial Mortgage Corp., Ser. 2006-C1, Class A4, 5.328%, 03/10/44(a)		1,104,756
	600	Greenwich Capital Commercial Funding Corp., Ser. 2005-GG5, Class A5, 5.224%, 04/10/37(a)		651,125
	485	Ser. 2007-GG9, Class A2, 5.381%, 03/10/39		490,511

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 25

Portfolio of Investments

as of April 30, 2012 (Unaudited) continued

Principal Amount (000)#		Description	Value (Note 1)
	COMMERCIAL MORTGAGE-BACKED SECURITIES (Continued)
$	209	GS Mortgage Securities Corp. II, Ser. 2007-GG10, Class A2, 5.778%, 08/10/45(a)	$	212,999
	224	JPMorgan Chase Commercial Mortgage Securities Corp., Ser. 2005-LDP4, Class A3A1, 4.871%, 10/15/42		224,162
	1,000	Ser. 2005-LDP5, Class A4, 5.198%, 12/15/44(a)		1,119,326
	607	Ser. 2007-LD12, Class A2, 5.827%, 02/15/51		614,150
	700	LB-UBS Commercial Mortgage Trust, Ser. 2006-C3, Class A4, 5.661%, 03/15/39(a)		784,359
	1,917	Ser. 2007-C6, Class A2, 5.845%, 07/15/40		1,965,362
	1,000	Merrill Lynch/Countrywide Commercial Mortgage Trust, Ser. 2006-2, Class A4, 5.899%, 06/12/46(a)		1,135,780
	575	Merrill Lynch Mortgage Trust, Ser. 2008-C1, Class A2, 5.425%, 02/12/51		581,002
	740	Morgan Stanley Capital I, Ser. 2005-IQ9, Class A4, 4.660%, 07/15/56		788,743
	800	Ser. 2006-HQ8, Class A4, 5.419%, 03/12/44(a)		892,396
	500	Wachovia Bank Commercial Mortgage Trust, Ser. 2006-C23, Class A4, 5.418%, 01/15/45(a)		554,647
	636	Ser. 2007-C34, Class A2, 5.569%, 05/15/46		642,194
		Total commercial mortgage-backed securities		14,194,690
	CORPORATE BONDS    23.9%
	Aerospace & Defense    0.2%
	370	Be Aerospace, Inc., Sr. Unsec’d. Notes, 8.500%, 07/01/18		409,775
	75	L-3 Communications Corp., Gtd. Notes, 4.750%, 07/15/20		79,677
				489,452

See Notes to Financial Statements.

26 Visit our website at www.prudentialfunds.com

Principal Amount (000)#		Description	Value (Note 1)
	CORPORATE BONDS (Continued)
	Airlines    0.3%
$	98	Continental Airlines, Inc., Pass-thru Certs., Ser. A, 4.750%, 01/12/21	$	101,507
	220	Delta Air Lines, Inc., Pass-thru Certs., Ser. 071A, 6.821%, 08/10/22		238,020
	24	Ser. 2A, 4.950%, 05/23/19		25,499
	247	Ser. A, 5.300%, 04/15/19		260,568
	117	United Airlines, Inc., Pass-thru Certs., Ser. 071A, 6.636%, 07/02/22		122,437
				748,031
	Automotive    0.3%
	50	BorgWarner, Inc., Sr. Unsec’d. Notes, 4.625%, 09/15/20		54,066
	350	Delphi Corp., Gtd. Notes, 144A, 5.875%, 05/15/19		367,500
	225	Ford Motor Credit Co. LLC, Sr. Unsec’d. Notes, 5.625%, 09/15/15		243,866
	100	Harley-Davidson Financial Services, Inc., Gtd. Notes, 144A, MTN, 2.700%, 03/15/17		99,991
	75	Harley-Davidson Funding Corp., Gtd. Notes, 144A, MTN, 5.750%, 12/15/14		81,628
				847,051
	Banking    5.8%
	440	American Express Co., Sr. Unsec’d. Notes, 8.125%, 05/20/19		582,766
	750	American Express Credit Corp., Sr. Unsec’d. Notes, MTN, 2.800%, 09/19/16(e)		777,224
	235	Bank of America Corp., Jr. Sub. Notes, Ser. K, 8.000%, 12/29/49(a)		242,452
	225	Sr. Unsec’d. Notes, 5.700%, 01/24/22		236,198
	540	Sr. Unsec’d. Notes, MTN, 5.000%, 05/13/21		537,473

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 27

Portfolio of Investments

as of April 30, 2012 (Unaudited) continued

Principal Amount (000)#		Description	Value (Note 1)
	CORPORATE BONDS (Continued)
	Banking (cont’d.)
$	120	Sr. Unsec’d. Notes, Ser. 1, 3.750%, 07/12/16	$	119,484
	400	Sub. Notes, 4.750%, 08/15/13		410,760
	200	Bear Stearns Cos., Inc. (The), Sr. Unsec’d. Notes, 7.250%, 02/01/18		243,297
	350	Capital One Bank USA NA, Sub. Notes, 8.800%, 07/15/19		442,015
	170	Capital One Capital V, Ltd. Gtd. Notes, 10.250%, 08/15/39		177,225
	115	Capital One Financial Corp., Sub. Notes, 6.150%, 09/01/16		127,129
	425	Citigroup, Inc., Sr. Unsec’d. Notes, 4.500%, 01/14/22		432,470
	385	6.125%, 05/15/18		427,355
	600	6.500%, 08/19/13		632,627
	110	8.125%, 07/15/39		143,318
	605	8.500%, 05/22/19(e)		751,700
	300	Sub. Notes, 5.500%, 02/15/17		314,720
	205	Goldman Sachs Group, Inc. (The), Sr. Notes, 6.250%, 02/01/41		208,309
	1,200	Sr. Unsec’d. Notes, 5.250%, 07/27/21(e)		1,214,349
	185	Sub. Notes, 6.750%, 10/01/37		183,013
	225	HSBC USA, Inc., Sr. Unsec’d. Notes, 2.375%, 02/13/15		227,460
	450	JPMorgan Chase & Co., Jr. Sub. Notes, Ser. 1, 7.900%, 04/29/49(a)		493,038
	800	Sr. Unsec’d. Notes, 3.150%, 07/05/16		829,119
	30	4.250%, 10/15/20		31,421
	830	4.350%, 08/15/21(e)		869,030
	150	6.000%, 01/15/18		173,314

See Notes to Financial Statements.

28 Visit our website at www.prudentialfunds.com

Principal Amount (000)#		Description	Value (Note 1)
	CORPORATE BONDS (Continued)
	Banking (cont’d.)
$	90	KeyCorp, Sr. Unsec’d. Notes, MTN, 5.100%, 03/24/21	$	101,175
	600	Merrill Lynch & Co., Inc., Sr. Unsec’d. Notes, MTN, 5.450%, 02/05/13		616,419
	65	6.050%, 08/15/12		65,942
	600	Morgan Stanley, Sr. Unsec’d. Notes, 5.500%, 07/28/21		586,581
	670	Sr. Unsec’d. Notes, MTN, 5.625%, 09/23/19		662,000
	275	PNC Funding Corp., Gtd. Notes, 2.700%, 09/19/16		286,214
	50	Santander Holdings USA, Inc., Sr. Unsec’d. Notes, 4.625%, 04/19/16		49,827
	245	State Street Corp., Jr. Sub. Debs., 4.956%, 03/15/18		259,612
	300	SunTrust Banks, Inc., Sr. Unsec’d. Notes, 5.250%, 11/05/12		306,395
	340	US Bancorp, Jr. Sub. Notes, 3.442%, 02/01/16		352,718
	150	USB Capital XIII Trust, Ltd. Gtd. Notes, 6.625%, 12/15/39		152,960
	370	Wachovia Bank NA, Sub. Notes, MTN, 4.875%, 02/01/15		398,897
	425	Wells Fargo & Co., Sr. Unsec’d. Notes, 3.676%, 06/15/16(e)		455,958
	120	Sr. Unsec’d. Notes, MTN, 3.500%, 03/08/22		121,546
	130	4.600%, 04/01/21		142,794
				15,386,304
	Brokerage
	100	Lehman Brothers Holdings, Inc., Sr. Unsec’d. Notes, MTN, 6.875%, 05/02/18(f)		25,250
	Building Materials & Construction    0.3%
	110	CRH America, Inc., Gtd. Notes, 8.125%, 07/15/18		130,627

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 29

Portfolio of Investments

as of April 30, 2012 (Unaudited) continued

Principal Amount (000)#		Description	Value (Note 1)
	CORPORATE BONDS (Continued)
	Building Materials & Construction (cont’d.)
$	260	Masco Corp., Sr. Unsec’d. Notes, 7.125%, 08/15/13	$	275,108
	420	Toll Brothers Finance Corp., Gtd. Notes, 5.150%, 05/15/15		443,143
				848,878
	Cable    1.3%
	250	Cequel Communications Holdings I LLC and Cequel Capital Corp., Sr. Unsec’d. Notes, 144A, 8.625%, 11/15/17		270,000
	500	CSC Holdings LLC, Sr. Unsec’d. Notes, 8.500%, 04/15/14		551,250
	185	8.625%, 02/15/19		209,975
	325	Sr. Unsec’d. Notes, 144A, 6.750%, 11/15/21		337,188
	125	DIRECTV Holdings LLC/DIRECTV Financing Co., Inc., Gtd.Notes, 3.500%, 03/01/16		131,964
	25	3.550%, 03/15/15		26,448
	265	4.750%, 10/01/14		287,078
	900	Dish DBS Corp., Gtd. Notes, 6.625%, 10/01/14		976,500
	195	Time Warner Cable, Inc., Gtd. Notes, 6.750%, 07/01/18		238,042
	300	8.750%, 02/14/19		396,119
				3,424,564
	Capital Goods    0.9%
	400	Actuant Corp., Gtd. Notes, 144A, 5.625%, 06/15/22		410,500
	300	Case New Holland, Inc., Gtd. Notes, 7.750%, 09/01/13		320,250
	145	Caterpillar Financial Services Corp., Sr. Unsec’d. Notes, MTN, 5.850%, 09/01/17		174,041
	300	Clean Harbors, Inc., Sr. Sec’d. Notes, 7.625%, 08/15/16		315,000

See Notes to Financial Statements.

30 Visit our website at www.prudentialfunds.com

Principal Amount (000)#			Description	Value (Note 1)
		��
	CORPORATE BONDS (Continued)
	Capital Goods (cont’d.)
			ERAC USA Finance Co., Gtd. Notes, 144A, 6.375%, 10/15/17
$	250		(original cost $273,750; purchased 02/09/10)(d)(g) 7.000%, 10/15/37	$	291,976
	190		(original cost $221,242; purchased 10/26/11)(d)(g)		221,282
	50		Illinois Tool Works, Inc., Sr. Unsec’d. Notes, 144A, 4.875%, 09/15/41		55,711
	100		Textron, Inc., Sr. Unsec’d. Notes, 5.600%, 12/01/17		109,436
	200		7.250%, 10/01/19		233,023
	225		Xylem, Inc., Sr. Unsec’d. Notes, 144A, 4.875%, 10/01/21		245,003
					2,376,222
	Chemicals    0.5%
	75		Dow Chemical Co. (The), Sr. Unsec’d. Notes, 5.900%, 02/15/15		84,293
	250		7.600%, 05/15/14		281,762
	152		9.400%, 05/15/39		237,649
	75		Ecolab, Inc., Sr. Unsec’d. Notes, 5.500%, 12/08/41		86,131
	25		PPG Industries, Inc., Sr. Unsec’d. Notes, 5.500%, 11/15/40		28,516
	650		Reliance Holdings USA, Inc., Gtd. Notes, 144A, 5.400%, 02/14/22		651,657
					1,370,008
	Consumer    0.3%
	540		Sealy Mattress Co., Sr. Sec’d. Notes, 144A, 10.875%, 04/15/16		585,905
	250		Service Corp. International, Sr. Unsec’d. Notes, 7.000%, 06/15/17		278,750
					864,655
	Electric    0.5%
	250		AES Corp. (The), Sr. Unsec’d. Notes, 8.000%, 10/15/17		285,000
	250		9.750%, 04/15/16		295,000

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 31

Portfolio of Investments

as of April 30, 2012 (Unaudited) continued

Principal Amount (000)#		Description	Value (Note 1)
	CORPORATE BONDS (Continued)
	Electric (cont’d.)
$	350	Duke Energy Corp., Sr. Unsec’d. Notes, 6.300%, 02/01/14	$	382,557
	150	North American Energy Alliance LLC/North American Energy Alliance Finance Corp., Sec’d. Notes, 10.875%, 06/01/16 (original cost $146,609; purchased 09/30/09)(d)(g)		165,000
	105	Oncor Electric Delivery Co. LLC, Sr. Sec’d. Notes, 6.800%, 09/01/18		124,764
	100	Peco Energy Co., First. Ref. Mtge., 5.350%, 03/01/18		118,878
	50	Public Service Co. of New Mexico, Sr. Unsec’d. Notes, 7.950%, 05/15/18		61,211
				1,432,410
	Energy—Integrated    0.1%
	295	Hess Corp., Sr. Unsec’d. Notes, 7.000%, 02/15/14		325,302
	Energy—Other    0.5%
	175	Anadarko Petroleum Corp., Sr. Unsec’d. Notes, 6.375%, 09/15/17		207,972
	35	6.450%, 09/15/36		41,497
	450	Forest Oil Corp., Gtd. Notes, 8.500%, 02/15/14		483,750
	170	Nabors Industries, Inc., Gtd. Notes, 4.625%, 09/15/21		180,478
	100	Phillips 66, Gtd. Notes, 144A, 2.950%, 05/01/17		102,612
	200	Pioneer Natural Resources Co., Sr. Unsec’d. Notes, 6.875%, 05/01/18		235,446
				1,251,755
	Foods    2.1%
	250	Anheuser-Busch InBev Worldwide, Inc., Gtd. Notes, 4.125%, 01/15/15		271,260
	225	8.000%, 11/15/39		350,122
	1,100	ARAMARK Corp., Gtd. Notes, 8.500%, 02/01/15		1,127,511

See Notes to Financial Statements.

32 Visit our website at www.prudentialfunds.com

Principal Amount (000)#		Description	Value (Note 1)
	CORPORATE BONDS (Continued)
	Foods (cont’d.)
$	755	ARAMARK Holdings Corp., Sr. Unsec’d. Notes, 144A, PIK, 8.625%, 05/01/16	$	772,939
	250	ConAgra Foods, Inc., Sr. Unsec’d. Notes, 7.000%, 04/15/19		298,304
	200	Darling International, Inc., Gtd. Notes, 8.500%, 12/15/18		224,250
	300	Ingles Markets, Inc., Sr. Unsec’d. Notes, 8.875%, 05/15/17		324,750
	190	JBS USA LLC/JBS USA Finance, Inc., Sr. Unsec’d. Notes, 144A, 7.250%, 06/01/21		181,450
	75	JM Smucker Co. (The), Gtd. Notes, 3.500%, 10/15/21		78,096
	75	Kraft Foods, Inc., Sr. Unsec’d. Notes, 6.875%, 01/26/39		96,947
	350	SABMiller Holdings, Inc., Gtd. Notes, 144A, 3.750%, 01/15/22		364,004
	550	Smithfield Foods, Inc., Sr. Sec’d. Notes, 10.000%, 07/15/14		643,500
	350	Stater Bros. Holdings, Inc., Gtd. Notes, 7.750%, 04/15/15		357,875
	205	SUPERVALU, Inc., Sr. Unsec’d. Notes, 7.500%, 11/15/14		208,844
	90	Tyson Foods, Inc., Gtd. Notes, 6.850%, 04/01/16		102,038
	250	Wendy’s/Arby’s Restaurants LLC, Gtd. Notes, 10.000%, 07/15/16		271,875
				5,673,765
	Gaming    0.6%
	205	Ameristar Casinos, Inc., Gtd. Notes, 7.500%, 04/15/21		216,787
	200	Marina District Finance Co., Inc., Sr. Sec’d. Notes, 9.500%, 10/15/15		194,500
	700	MGM Resorts International, Sr. Sec’d. Notes, 13.000%, 11/15/13		812,000
	400	Pinnacle Entertainment, Inc., Gtd. Notes, 8.625%, 08/01/17		438,000
				1,661,287

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 33

Portfolio of Investments

as of April 30, 2012 (Unaudited) continued

Principal Amount (000)#		Description	Value (Note 1)
	CORPORATE BONDS (Continued)
	Healthcare & Pharmaceutical    0.7%
$	325	Amgen, Inc., Sr. Unsec’d. Notes, 5.150%, 11/15/41	$	338,698
	50	Becton Dickinson And Co., Sr. Unsec’d. Notes, 5.000%, 11/12/40		55,729
	125	Gilead Sciences, Inc., Sr. Unsec’d. Notes, 5.650%, 12/01/41		139,676
	250	HCA, Inc., Gtd. Notes, 8.000%, 10/01/18		278,437
	400	Sr. Unsec’d. Notes, 7.190%, 11/15/15		413,000
	35	Sr. Unsec’d. Notes, MTN, 9.000%, 12/15/14		38,500
	170	Mylan, Inc., Gtd. Notes, 144A, 7.625%, 07/15/17		188,275
	200	Watson Pharmaceuticals, Inc., Sr. Unsec’d. Notes, 5.000%, 08/15/14		213,961
	70	Wyeth, Gtd. Notes, 6.450%, 02/01/24		92,405
				1,758,681
	Healthcare Insurance    0.4%
	225	Cigna Corp., Sr. Unsec’d. Notes, 5.375%, 02/15/42		238,278
	140	5.875%, 03/15/41		156,773
	360	Coventry Health Care, Inc., Sr. Unsec’d. Notes, 6.125%, 01/15/15		391,117
	235	UnitedHealth Group, Inc., Sr. Unsec’d. Notes, 6.625%, 11/15/37		305,673
				1,091,841
	Insurance    0.9%
	25	Allstate Corp. (The), Sr. Unsec’d. Notes, 5.200%, 01/15/42		27,077
	300	American International Group, Inc., Sr. Unsec’d. Notes, 4.875%, 09/15/16		319,925
	75	6.400%, 12/15/20		86,149
	100	8.250%, 08/15/18		121,163

See Notes to Financial Statements.

34 Visit our website at www.prudentialfunds.com

Principal Amount (000)#		Description	Value (Note 1)
	CORPORATE BONDS (Continued)
	Insurance (cont’d.)
$	300	Sr. Unsec’d. Notes, MTN, 5.850%, 01/16/18	$	329,940
	140	Chubb Corp. (The), Jr. Sub. Notes, 6.375%, 03/29/67(a)		143,325
	175	Hartford Financial Services Group, Inc., Sr. Unsec’d. Notes, 5.125%, 04/15/22		176,756
	90	Liberty Mutual Group, Inc., Sr. Unsec’d. Notes, 144A, 6.500%, 03/15/35		93,730
	30	Lincoln National Corp., Jr. Sub. Notes, 6.050%, 04/20/67(a)		27,900
	80	Sr. Unsec’d. Notes, 6.300%, 10/09/37		87,438
	200	8.750%, 07/01/19		255,830
	100	MetLife, Inc., Sr. Unsec’d. Notes, 7.717%, 02/15/19		126,886
	50	Northwestern Mutual Life Insurance, Sub. Notes, 144A, 6.063%, 03/30/40		59,574
	100	Progressive Corp. (The), Jr. Sub. Notes, 6.700%, 06/15/37(a)		104,750
	210	Teachers Insurance & Annuity Association of America, Sub. Notes, 144A, 6.850%, 12/16/39		263,049
	245	Unum Group, Sr. Unsec’d. Notes, 7.125%, 09/30/16		282,917
				2,506,409
	Lodging    0.4%
	376	Felcor Lodging LP, Sr. Sec’d. Notes, 10.000%, 10/01/14		432,400
	420	Host Hotels & Resorts LP, Gtd. Notes, Ser. O, 6.375%, 03/15/15		425,775
	125	Marriott International, Inc., Sr. Unsec’d. Notes, 3.000%, 03/01/19		124,270
	150	Wyndham Worldwide Corp., Sr. Unsec’d. Notes, 5.750%, 02/01/18		166,502
				1,148,947

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 35

Portfolio of Investments

as of April 30, 2012 (Unaudited) continued

Principal Amount (000)#		Description	Value (Note 1)
	CORPORATE BONDS (Continued)
	Media & Entertainment    1.4%
$	500	CBS Corp., Gtd. Notes, 8.200%, 05/15/14	$	567,899
	130	Historic TW, Inc., Gtd. Notes, 6.625%, 05/15/29		155,546
	100	NBCUniversal Media LLC, Sr. Unsec’d. Notes, 4.375%, 04/01/21		109,005
	415	News America, Inc., Gtd. Notes, 6.150%, 03/01/37		460,961
	120	6.150%, 02/15/41		137,718
	60	6.900%, 08/15/39		70,750
	450	Nielsen Finance LLC/Nielsen Finance Co., Gtd. Notes, 11.625%, 02/01/14		520,875
	600	R.R. Donnelley & Sons Co., Sr. Unsec’d. Notes, 4.950%, 04/01/14		615,000
	450	8.600%, 08/15/16		471,375
	200	SSI Investments II/SSI Co.-Issuer LLC, Gtd. Notes, 11.125%, 06/01/18		221,500
	99	Time Warner Cos., Inc., Gtd. Notes, 6.950%, 01/15/28		121,174
	55	Viacom, Inc., Sr. Unsec’d. Notes, 4.375%, 09/15/14		59,247
	165	6.750%, 10/05/37		209,971
				3,721,021
	Metals    0.9%
	125	Arch Western Finance LLC, Sr. Sec’d. Notes, 6.750%, 07/01/13		125,000
	195	Freeport-McMoRan Copper & Gold, Inc., Sr. Unsec’d. Notes, 3.550%, 03/01/22		192,676
	800	Metals USA, Inc., Sr. Sec’d. Notes, 11.125%, 12/01/15		835,500
	200	Newmont Mining Corp., Gtd. Notes, 6.250%, 10/01/39		230,195
	675	Peabody Energy Corp., Gtd. Notes, 144A, 6.000%, 11/15/18		685,125
	400	Steel Dynamics, Inc., Gtd. Notes, 6.750%, 04/01/15		407,000
				2,475,496

See Notes to Financial Statements.

36 Visit our website at www.prudentialfunds.com

Principal Amount (000)#		Description	Value (Note 1)
	CORPORATE BONDS (Continued)
	Non-Captive Finance    1.6%
$	125	CIT Group, Inc., Gtd. Notes, 144A, 7.000%, 05/02/17	$	125,313
CHF	1,000	General Electric Capital Corp., Sr. Unsec’d. Notes, 4.375%, 12/05/12		1,126,011
	165	Sr. Unsec’d. Notes, MTN, 4.625%, 01/07/21		178,974
	585	5.875%, 01/14/38(e)		654,079
SGD	200	Sr. Unsec’d. Notes, Ser. G, MTN, 2.960%, 05/18/12		161,720
	100	Sub. Notes, 5.300%, 02/11/21		110,115
	200	International Lease Finance Corp., Sr. Sec’d. Notes, 144A, 6.500%, 09/01/14		212,500
	75	Sr. Unsec’d. Notes, 5.750%, 05/15/16		76,288
	125	6.250%, 05/15/19		126,234
	55	SLM Corp., Sr. Notes, MTN, 6.250%, 01/25/16		56,650
	510	Sr. Unsec’d. Notes, MTN, 5.050%, 11/14/14		520,261
	60	8.000%, 03/25/20		63,750
	225	8.450%, 06/15/18		246,375
	390	Sr. Unsec’d. Notes, Ser. A, MTN, 5.000%, 04/15/15		393,950
	75	Unsec’d. Notes, MTN, 6.000%, 01/25/17		76,312
				4,128,532
	Packaging    0.3%
	140	Greif, Inc., Sr. Unsec’d. Notes, 7.750%, 08/01/19		158,200
	600	Sealed Air Corp., Sr. Unsec’d. Notes, 144A, 5.625%, 07/15/13		618,456
				776,656

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 37

Portfolio of Investments

as of April 30, 2012 (Unaudited) continued

Principal Amount (000)#		Description	Value (Note 1)
	CORPORATE BONDS (Continued)
	Paper    0.5%
$	130	International Paper Co., Sr. Unsec’d. Notes, 6.000%, 11/15/41	$	140,382
	75	7.300%, 11/15/39		92,802
	200	7.950%, 06/15/18		250,478
	450	MeadWestvaco Corp., Sr. Unsec’d. Notes, 7.375%, 09/01/19		538,183
	175	Rock-Tenn Co., Unsec’d. Notes, 144A, 4.450%, 03/01/19		178,186
				1,200,031
	Pipelines & Other    0.3%
	200	CenterPoint Energy Resources Corp., Sr. Unsec’d. Notes, 6.625%, 11/01/37		242,946
	85	Energy Transfer Partners LP, Sr. Unsec’d. Notes, 4.650%, 06/01/21		87,957
	100	Kinder Morgan Energy Partners LP, Sr. Unsec’d. Notes, 5.850%, 09/15/12		101,667
	170	7.300%, 08/15/33		200,250
	75	Northwest Pipeline GP, Sr. Unsec’d. Notes, 6.050%, 06/15/18		89,492
				722,312
	Real Estate Investment Trusts    0.4%
	250	Hospitality Properties Trust, Sr. Unsec’d. Notes, 7.875%, 08/15/14		273,592
	100	Post Apartment Homes LP, Sr. Unsec’d. Notes, 5.450%, 06/01/12		100,273
	45	Simon Property Group LP, Sr. Unsec’d. Notes, 2.800%, 01/30/17		46,431
	50	3.375%, 03/15/22		49,999
	95	4.200%, 02/01/15		101,928
	40	6.125%, 05/30/18		47,232
	125	6.750%, 05/15/14		136,480
	200	WEA Finance LLC/WT Finance Aust Pty Ltd., Gtd. Notes, 144A, 5.750%, 09/02/15		219,779
				975,714

See Notes to Financial Statements.

38 Visit our website at www.prudentialfunds.com

Principal Amount (000)#		Description	Value (Note 1)
	CORPORATE BONDS (Continued)
	Retailers    0.5%
$	200	CVS Caremark Corp., Sr. Unsec’d. Notes, 6.125%, 09/15/39	$	240,848
	75	Macy’s Retail Holdings, Inc., Gtd. Notes, 3.875%, 01/15/22		77,215
	50	Nordstrom, Inc., Sr. Unsec’d. Notes, 4.000%, 10/15/21		54,901
	450	Susser Holdings LLC/Susser Finance Corp., Gtd. Notes, 8.500%, 05/15/16		492,750
	250	Target Corp., Sr. Unsec’d. Notes, 7.000%, 01/15/38		341,808
				1,207,522
	Technology    0.6%
	250	Amphenol Corp., Sr. Unsec’d. Notes, 4.750%, 11/15/14		271,020
	50	Arrow Electronics, Inc., Sr. Unsec’d. Notes, 3.375%, 11/01/15		51,832
	400	Commscope, Inc., Gtd. Notes, 144A, 8.250%, 01/15/19		427,000
	50	Fiserv, Inc., Gtd. Notes, 3.125%, 10/01/15		51,782
	45	3.125%, 06/15/16		46,555
	150	SunGard Data Systems, Inc., Gtd. Notes, 7.625%, 11/15/20		159,937
	250	10.250%, 08/15/15		259,063
	225	Xerox Corp., Sr. Unsec’d. Notes, 4.250%, 02/15/15		239,781
				1,506,970
	Telecommunications    0.9%
	225	AT&T, Inc., Sr. Unsec’d. Notes, 5.550%, 08/15/41		256,842
	130	6.550%, 02/15/39		161,137
	300	CC Holdings GS V LLC/Crown Castle GS III Corp., Sr. Sec’d. Notes, 144A, 7.750%, 05/01/17		327,000

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 39

Portfolio of Investments

as of April 30, 2012 (Unaudited) continued

Principal Amount (000)#		Description	Value (Note 1)
	CORPORATE BONDS (Continued)
	Telecommunications (cont’d.)
		Embarq Corp., Sr. Unsec’d. Notes, 7.082%, 06/01/16
$	465	(original cost $525,632; purchased 05/04/11 - 05/11/11)(d)(g)	$	528,506
	250	Metropcs Wireless, Inc., Gtd. Notes, 7.875%, 09/01/18		256,250
	290	Nextel Communications, Inc., Gtd. Notes, Ser. E, 6.875%, 10/31/13		290,000
	300	Paetec Holding Corp., Sr. Sec’d. Notes, 8.875%, 06/30/17		327,750
	85	Verizon Communications, Inc., Sr. Unsec’d. Notes, 6.400%, 02/15/38		106,323
				2,253,808
	Tobacco    0.4%
	250	Altria Group, Inc., Gtd. Notes, 9.950%, 11/10/38		394,940
	60	Lorillard Tobacco Co., Gtd. Notes, 3.500%, 08/04/16		62,872
	80	8.125%, 06/23/19		99,664
	300	Reynolds American, Inc., Gtd. Notes, 6.750%, 06/15/17		359,897
				917,373
		Total corporate bonds		63,116,247
	MUNICIPAL BONDS    1.7%
	75	California St. Build America Bonds, 7.625%, 03/01/40		99,952
	115	Taxable Var. Purp. GO, 7.500%, 04/01/34		148,095
	100	Chicago Ill. Brd. Ed., Build America Bonds, Taxable Ser. E, 6.138%, 12/01/39		114,237
	60	City of Chicago IL, O’Hare International Arpt., Build America Bonds, 6.395%, 01/01/40		75,869
	275	Connecticut St. Spl. Tax Obligation Rev., Build America Bonds, 5.459%, 11/01/30		315,007

See Notes to Financial Statements.

40 Visit our website at www.prudentialfunds.com

Principal Amount (000)#		Description	Value (Note 1)
	MUNICIPAL BONDS (Continued)
$	175	District of Columbia Income Tax Rev., Build America Bonds, 5.582%, 12/01/35	$	219,492
	175	District of Columbia Wtr. & Sewr. Auth. Pub. Util. Rev., Taxable, Build America Bonds, 5.522%, 10/01/44		211,503
	125	Metropolitan Government of Nashville & Davidson Cnty., Convention Center Auth., Build America Bonds, 6.731%, 07/01/43		151,534
	200	New Jersey St. Tpk. Auth. Tpk. Rev., Build America Bonds, Ser. A, Taxable, Issuer Subsidy Rev., 7.102%, 01/01/41		279,638
	100	Ser. F, 7.414%, 01/01/40		145,015
	250	New York, NY, Build America Bonds, 5.968%, 03/01/36		314,827
	165	Ohio St. Univ. Gen. Rcpts., Build America Bonds, 4.910%, 06/01/40		191,233
	500	Ohio St. Wtr. Dev. Auth. Wtr. Pollutn. Ctl. Rev. Taxable, Build America Bonds, 4.879%, 12/01/34		562,145
	295	Pennsylvania St. Tpk. Commission, Tpk. Rev., Build America Bonds, 5.511%, 12/01/45		339,052
	75	Regional Transn. Dist. Colo. Sales Tax Rev., Build America Bonds, Ser. B, 5.844%, 11/01/50		97,732
	250	Salt River Project Agricultural Improvement & Pwr. Dist., Elec. Sys. Rev., Build America Bonds, 4.839%, 01/01/41		289,338
	150	Texas St. Transn. Commn. Rev. Taxable First Tier. Ser. B, Build America Bonds, Direct pmt., 5.028%, 04/01/26		184,788
	150	University of Calif. Rev. Build America Bonds, 5.770%, 05/15/43		183,141
	250	University TX, Perm. Univ. Build America Bonds, 5.262%, 07/01/39		309,140
	150	Utah St. Build America Bonds, Ser. D, GO, 4.554%, 07/01/24		177,309
		Total municipal bonds		4,409,047

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 41

Portfolio of Investments

as of April 30, 2012 (Unaudited) continued

Principal Amount (000)#		Description	Value (Note 1)
	U.S. TREASURY SECURITIES    1.0%
$	170	U.S. Treasury Bonds, 3.125%, 11/15/41	$	170,531
		U.S. Treasury Notes,
	520	0.875%, 04/30/17		521,625
	2,045	2.000%, 02/15/22		2,060,338
		Total U.S. treasury securities		2,752,494
	PREFERRED STOCK
Shares
	Banking
	4,000	Citigroup Capital XIII (Capital Security, fixed to floating preferred), 7.875%(a)		106,520
		Total long-term investments (cost $241,579,091)		250,579,055
	SHORT-TERM INVESTMENTS    3.2%
	Affiliated Money Market Mutual Fund    2.2%
	5,676,110	Prudential Investment Portfolios 2 - Prudential Core Taxable Money Market Fund (cost $5,676,110)(h)		5,676,110
	OPTIONS PURCHASED*    1.0%
Notional Amount (000)#
	Call Option
	4,857	Euro/United States Dollar expiring 05/10/12 @ 1.315		62,096
Contracts
	Call Option
	4	JPN 10 Year Future Option expiring 05/31/12, Strike Price $144.000		2,004
Notional Amount (000)#
	Put Options
	10,800	Euro/Turkish Lira expiring 01/10/13 @ 2.582		988,374

See Notes to Financial Statements.

42 Visit our website at www.prudentialfunds.com

Notional Amount (000)#		Description	Value (Note 1)
	Put Options (cont’d.)
$	2,485	United States Dollar/Brazilian Real expiring 03/25/13 @ 1.930	$	79,505
	5,200	United States Dollar/Chinese Yuan Renminbi expiring 04/11/13 @ 6.276		30,111
	7,673	expiring 04/12/13 @ 6.400		125,184
	6,500	expiring 10/25/12 @ 6.450		137,070
	13,630	United States Dollar/Indian Rupee expiring 01/03/13 @ 56.180		661,703
	13,357	United States Dollar/Romanian New Lei expiring 12/20/12 @ 3.390		523,607
	2,560	United States Dollar/Russian Rouble expiring 04/11/13 @ 31.130		128,727
Contracts
	Put Option
	32	10 Year U.S. Treasury Notes expiring 05/25/12 , Strike Price $130.500		5,000
		Total options purchased (cost $3,202,412)		2,743,381
		Total short-term investments (cost $8,878,522)		8,419,491
		Total Investments, Before Options Written    98.1% (cost $250,457,613; Note 5)		258,998,546
	OPTIONS WRITTEN*
	Call Option
	4	JPN 10 Year Future Option expiring 05/31/12 , Strike Price $143.500 (premiums received $5,779)		(8,016	)
		Total Investments, Net of Options Written    98.1% (cost $250,451,834)		258,990,530
		Other assets in excess of liabilities(i)    1.9%		4,981,363
		Net Assets    100.0%	$	263,971,893

The following abbreviations are used in the portfolio descriptions:

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.

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 43

Portfolio of Investments

as of April 30, 2012 (Unaudited) continued

RegS—Regulation S. Security was purchased pursuant to Regulation S and may not be offered, sold or delivered within the United States or to, or for the account or benefit of, U.S. persons, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.

CDO—Collateralized Debt Obligation

CLO—Collateralized Loan Obligation

GO—General Obligation

MTN—Medium Term Note

NA—Not Applicable

PIK—Payment-in-Kind

ARS—Argentine Peso

AUD—Australian Dollar

BRL—Brazilian Real

CAD—Canadian Dollar

CHF—Swiss Franc

CLP—Chilean Peso

CNY—Chinese Yuan Renminbi

COP—Colombian Peso

CZK—Czech Koruna

DKK—Danish Krone

EUR—Euro

GBP—British Pound

HKD—Hong Kong Dollar

HUF—Hungarian Forint

IDR—Indonesian Rupiah

ILS—Israeli Shekel

INR—Indian Rupee

JPY—Japanese Yen

KRW—South Korean Won

MXN—Mexican Peso

MYR—Malaysian Ringgit

NOK—Norwegian Krone

NZD—New Zealand Dollar

PEN—Peruvian Nuevo Sol

PHP—Philippine Peso

PLN—Polish Zloty

RON—Romanian Leu

RUB—Russian Rouble

SEK—Swedish Krona

SGD—Singapore Dollar

THB—Thai Baht

TRY—Turkish Lira

TWD—Taiwan Dollar

ZAR—South African Rand

BTP—Buoni del Tesoro Poliennali - Long Term Treasury Bonds

See Notes to Financial Statements.

44 Visit our website at www.prudentialfunds.com

AONIA—Overnight Reserve Bank of Australia Rate

BBR—New Zealand Bank Bill Rate

BBSW—Australian Bank Bill Swap Reference Rate

BKIBOR—Bangkok Interbank Offered Rate

CIBOR—Copenhagen Interbank Offered Rate

CLOIS—Sinacofi Chile Interbank Rate Average

CNDR7D—7 Day Fixing Repo Rates

CPI—Consumer Price Index

EONIA—Euro Overnight Index Average

EURIBOR—Euro Interbank Offered Rate

JIBAR—Johannesburg Interbank Agreed Rate

KLIBOR—Kuala Lumpur Interbank Offered Rate

LIBOR—London Interbank Offered Rate

NIBOR—Norway Interbank Offered Rate

OIS—Overnight Index Swap

NSA—Non-Seasonally Adjusted

PRIBOR—Prague Interbank Offered Rate

SONIA—Sterling Overnight Index Average

SOR—Swap Offer Rate

STIBOR—Stockholm Interbank Offered Rate

TELBOR—Tel Aviv Interbank Offered Rate

WIBOR—Warsaw Interbank Offered Rate

# Principal and notional amount is shown in U.S. dollars unless otherwise stated.

* Non-income producing security.

(a) Variable rate instrument. The interest rate shown reflects the rate in effect at April 30, 2012.

(b) Represents security, or a portion thereof, segregated as collateral for futures contracts.

(c) Represents a zero coupon bond. Rate shown reflects the effective yield at April 30, 2012.

(d) Indicates a security that has been deemed illiquid.

(e) Represents security, or a portion thereof, segregated as collateral for swap agreements.

(f) Represents issuer in default on interest payments and/or principal repayment; non-income producing security.

(g) Indicates a restricted security, the aggregate original cost of such securities is $1,167,233. The aggregate value of $1,206,764 is approximately 0.5% of net assets.

(h) Prudential Investments LLC, the manager of the Fund, also serves as manager of the Prudential Investment Portfolios 2 - Prudential Core Taxable Money Market Fund.

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 45

Portfolio of Investments

as of April 30, 2012 (Unaudited) continued

(i) Includes net unrealized appreciation (depreciation) on the following derivative contracts held at reporting period end:

Open futures contracts outstanding as of April 30, 2012:

Number of Contracts		Type	Expiration Date		Value at Trade Date		Value at April 30, 2012		Unrealized Appreciation (Depreciation)
		Long Positions:
	76	2 Year U.S. Treasury Notes		Jun. 2012	$	16,756,370	$	16,761,563	$	5,193
	180	5 Year U.S. Treasury Notes		Jun. 2012		22,277,165		22,283,438		6,273
	7	AUST. 10 Year Bond		Jun. 2012		861,450		873,922		12,472
	44	CAN 10 Year Bond		Jun. 2012		5,878,266		5,881,662		3,396
	27	Euro-BTP Italian Gov’t. Bond		Jun. 2012		3,616,325		3,635,096		18,771
	38	Euro-Bund		Jun. 2012		6,919,224		7,096,895		177,671
	11	Euro-Buxl 30 Year		Jun. 2012		1,842,500		1,878,326		35,826
	4	JPY 10 Year Bond		Jun. 2012		7,123,513		7,170,341		46,828
	19	Long Gilt		Jun. 2012		3,559,692		3,564,851		5,159
	50	U.S. Long Bond		Jun. 2012		7,081,202		7,143,750		62,548
		Short Positions:
	33	10 Year U.S. Treasury Notes		Jun. 2012		4,343,791		4,365,281		(21,490	)
	19	AUST. 3 Year Bond		Jun. 2012		2,130,682		2,149,477		(18,795	)
	30	Euro-BOBL		Jun. 2012		4,932,185		4,975,776		(43,591	)
	24	Euro Schatz		Jun. 2012		3,509,489		3,513,621		(4,132	)
	13	U.S. Ultra Bond		Jun. 2012		2,036,048		2,051,563		(15,515	)
									$	270,614

Forward foreign currency exchange contracts outstanding at April 30, 2012:

Purchase Contracts	Counterparty	Notional Amount		Value at Settlement Date Payable		Value at April 30, 2012		Unrealized Appreciation (Depreciation)
Argentine Peso
Expiring 05/16/12	Citibank NA	ARS	3,228,619	$	697,100	$	725,861	$	28,761
Expiring 05/16/12	Citibank NA	ARS	2,869,703		610,900		645,170		34,270
Expiring 12/31/12	Citibank NA	ARS	4,658,261		894,100		918,206		24,106
Expiring 12/31/12	Citibank NA	ARS	1,729,582		339,800		340,924		1,124
Expiring 03/14/13	Citibank NA	ARS	6,261,741		1,215,400		1,182,187		(33,213	)
Australian Dollar
Expiring 05/23/12	Citibank NA	AUD	502,000		518,152		521,659		3,507
Expiring 05/23/12	Citibank NA	AUD	495,609		508,965		515,018		6,053
Expiring 05/23/12	Deutsche Bank AG	AUD	619,700		635,056		643,969		8,913

See Notes to Financial Statements.

46 Visit our website at www.prudentialfunds.com

Purchase Contracts	Counterparty	Notional Amount		Value at Settlement Date Payable		Value at April 30, 2012		Unrealized Appreciation (Depreciation)
Australian Dollar (cont’d.)
Expiring 05/23/12	JPMorgan	AUD	609,903	$	632,400	$	633,788	$	1,388
Expiring 05/23/12	Morgan Stanley	AUD	4,078,590		4,303,234		4,238,315		(64,919	)
Expiring 05/23/12	Morgan Stanley	AUD	1,007,952		1,039,500		1,047,425		7,925
Expiring 05/23/12	Morgan Stanley	AUD	863,803		895,100		897,631		2,531
Expiring 05/23/12	Morgan Stanley	AUD	738,600		758,048		767,525		9,477
Expiring 05/23/12	Morgan Stanley	AUD	701,165		736,400		728,624		(7,776	)
Expiring 05/23/12	Morgan Stanley	AUD	465,079		482,208		483,293		1,085
Expiring 05/23/12	UBS AG	AUD	479,199		501,600		497,965		(3,635	)
Expiring 05/23/12	UBS AG	AUD	243,736		252,900		253,281		381
Expiring 05/24/12	UBS AG	AUD	734,963		758,800		763,656		4,856
Brazilian Real
Expiring 07/11/12	Citibank NA	BRL	2,453,759		1,292,200		1,269,519		(22,681	)
Expiring 07/11/12	Citibank NA	BRL	1,186,083		638,400		613,653		(24,747	)
Expiring 07/11/12	UBS AG	BRL	1,175,120		635,200		607,980		(27,220	)
British Pound
Expiring 05/24/12	UBS AG	GBP	481,500		761,587		781,296		19,709
Expiring 05/25/12	Deutsche Bank AG	GBP	390,100		618,394		632,983		14,589
Expiring 05/25/12	Deutsche Bank AG	GBP	319,553		507,200		518,513		11,313
Expiring 05/25/12	JPMorgan	GBP	496,510		785,390		805,646		20,256
Expiring 05/25/12	JPMorgan	GBP	480,036		762,400		778,914		16,514
Expiring 05/25/12	JPMorgan	GBP	402,175		653,400		652,577		(823	)
Expiring 05/25/12	Morgan Stanley	GBP	621,339		986,000		1,008,195		22,195
Expiring 05/25/12	Morgan Stanley	GBP	403,775		646,713		655,173		8,460
Expiring 05/25/12	Morgan Stanley	GBP	403,500		646,272		654,726		8,454
Expiring 05/25/12	Morgan Stanley	GBP	401,283		644,500		651,128		6,628
Expiring 05/25/12	Morgan Stanley	GBP	314,600		502,600		510,476		7,876
Expiring 05/25/12	UBS AG	GBP	8,597,203		13,621,967		13,949,968		328,001
Canadian Dollar
Expiring 05/22/12	Citibank NA	CAD	12,065,896		12,145,730		12,208,410		62,680
Expiring 05/22/12	Citibank NA	CAD	1,513,237		1,523,900		1,531,111		7,211
Expiring 05/22/12	Deutsche Bank AG	CAD	757,171		761,162		766,114		4,952
Expiring 05/22/12	JPMorgan	CAD	852,309		862,800		862,376		(424	)
Expiring 05/22/12	JPMorgan	CAD	512,268		519,800		518,318		(1,482	)
Expiring 05/22/12	Morgan Stanley	CAD	1,018,733		1,023,000		1,030,766		7,766
Expiring 05/22/12	Morgan Stanley	CAD	805,300		812,340		814,812		2,472
Expiring 05/22/12	Morgan Stanley	CAD	764,041		771,300		773,065		1,765
Expiring 05/22/12	Morgan Stanley	CAD	515,600		519,110		521,690		2,580
Expiring 05/22/12	Morgan Stanley	CAD	502,256		505,900		508,188		2,288
Expiring 05/22/12	Morgan Stanley	CAD	332,428		331,400		336,355		4,955
Expiring 05/22/12	UBS AG	CAD	764,992		772,017		774,028		2,011
Expiring 05/22/12	UBS AG	CAD	586,700		590,237		593,630		3,393

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 47

Portfolio of Investments

as of April 30, 2012 (Unaudited) continued

Purchase Contracts	Counterparty	Notional Amount		Value at Settlement Date Payable		Value at April 30, 2012		Unrealized Appreciation (Depreciation)
Chilean Peso
Expiring 07/12/12	JPMorgan	CLP	992,460,299	$	2,007,810	$	2,027,806	$	19,996
Expiring 08/10/12	Citibank NA	CLP	623,148,460		1,269,400		1,269,277		(123	)
Chinese Yuan Renminbi
Expiring 08/02/12	Morgan Stanley	CNY	51,328,160		8,113,200		8,116,729		3,529
Expiring 08/02/12	UBS AG	CNY	33,327,000		5,250,000		5,270,133		20,133
Expiring 08/02/12	UBS AG	CNY	21,068,100		3,304,800		3,331,583		26,783
Expiring 08/02/12	UBS AG	CNY	6,400,188		1,011,200		1,012,087		887
Expiring 08/02/12	UBS AG	CNY	5,693,255		905,200		900,297		(4,903	)
Expiring 08/02/12	UBS AG	CNY	3,145,000		500,000		497,332		(2,668	)
Expiring 10/29/12	Morgan Stanley	CNY	27,960,311		4,423,400		4,416,898		(6,502	)
Expiring 03/20/13	UBS AG	CNY	46,553,944		7,363,800		7,345,445		(18,355	)
Expiring 03/20/13	UBS AG	CNY	23,544,745		3,717,200		3,714,973		(2,227	)
Expiring 03/20/13	UBS AG	CNY	21,663,622		3,426,568		3,418,163		(8,405	)
Expiring 03/20/13	UBS AG	CNY	10,217,862		1,615,600		1,612,210		(3,390	)
Colombian Peso
Expiring 05/16/12	Citibank NA	COP	4,795,594,972		2,673,502		2,714,777		41,275
Expiring 05/16/12	Citibank NA	COP	1,258,462,400		711,800		712,413		613
Expiring 05/16/12	Citibank NA	COP	1,145,928,000		638,400		648,708		10,308
Expiring 10/24/12	Citibank NA	COP	1,402,517,700		775,300		780,418		5,118
Czech Koruna
Expiring 05/24/12	Citibank NA	CZK	19,482,361		1,039,500		1,033,769		(5,731	)
Expiring 05/24/12	Citibank NA	CZK	9,134,998		494,900		484,719		(10,181	)
Expiring 05/24/12	JPMorgan	CZK	67,988,516		3,681,831		3,607,591		(74,240	)
Expiring 05/24/12	JPMorgan	CZK	19,259,018		1,023,000		1,021,918		(1,082	)
Expiring 05/24/12	JPMorgan	CZK	12,219,419		646,255		648,384		2,129
Expiring 05/24/12	UBS AG	CZK	12,334,517		662,700		654,491		(8,209	)
Danish Krone
Expiring 05/24/12	Morgan Stanley	DKK	5,730,055		1,021,261		1,019,711		(1,550	)
Euro
Expiring 05/22/12	Citibank NA	EUR	937,800		1,244,493		1,241,471		(3,022	)
Expiring 05/22/12	Citibank NA	EUR	469,100		622,512		621,000		(1,512	)
Expiring 05/22/12	UBS AG	EUR	613,700		808,296		812,424		4,128
Expiring 05/24/12	Citibank NA	EUR	586,900		767,532		776,952		9,420
Expiring 05/24/12	Deutsche Bank AG	EUR	586,700		775,185		776,687		1,502
Expiring 05/24/12	JPMorgan	EUR	974,400		1,274,924		1,289,933		15,009
Expiring 05/24/12	JPMorgan	EUR	393,200		515,798		520,527		4,729
Expiring 05/24/12	JPMorgan	EUR	391,100		516,746		517,747		1,001
Expiring 05/24/12	Morgan Stanley	EUR	680,700		892,331		901,127		8,796
Expiring 05/25/12	Citibank NA	EUR	1,400,743		1,845,800		1,854,344		8,544

See Notes to Financial Statements.

48 Visit our website at www.prudentialfunds.com

Purchase Contracts	Counterparty	Notional Amount		Value at Settlement Date Payable		Value at April 30, 2012		Unrealized Appreciation (Depreciation)
Euro (cont’d.)
Expiring 05/25/12	Citibank NA	EUR	948,900	$	1,256,106	$	1,256,181	$	75
Expiring 05/25/12	Citibank NA	EUR	584,300		764,515		773,513		8,998
Expiring 05/25/12	Goldman Sachs	EUR	931,017		1,227,300		1,232,506		5,206
Expiring 05/25/12	JPMorgan	EUR	651,400		862,636		862,342		(294	)
Expiring 05/25/12	JPMorgan	EUR	455,100		607,141		602,474		(4,667	)
Expiring 05/25/12	JPMorgan	EUR	242,949		320,000		321,623		1,623
Expiring 05/25/12	Morgan Stanley	EUR	979,715		1,300,000		1,296,975		(3,025	)
Expiring 05/25/12	Morgan Stanley	EUR	931,197		1,227,300		1,232,745		5,445
Expiring 05/25/12	Morgan Stanley	EUR	651,120		862,800		861,971		(829	)
Expiring 05/25/12	Morgan Stanley	EUR	467,632		618,600		619,064		464
Expiring 05/25/12	UBS AG	EUR	2,947,980		3,869,085		3,902,619		33,534
Expiring 05/25/12	UBS AG	EUR	2,115,856		2,795,742		2,801,030		5,288
Expiring 05/25/12	UBS AG	EUR	1,276,700		1,696,363		1,690,132		(6,231	)
Expiring 05/25/12	UBS AG	EUR	1,122,136		1,484,600		1,485,515		915
Expiring 05/25/12	UBS AG	EUR	968,873		1,269,400		1,282,621		13,221
Expiring 05/25/12	UBS AG	EUR	587,900		776,776		778,279		1,503
Expiring 05/25/12	UBS AG	EUR	226,777		300,000		300,213		213
Expiring 05/25/12	UBS AG	EUR	51,750		67,976		68,508		532
Expiring 01/14/13	UBS AG	EUR	4,840,000		6,172,288		6,423,844		251,556
Hong Kong Dollar
Expiring 02/01/13	Citibank NA	HKD	29,701,972		3,830,200		3,831,844		1,644
Expiring 02/01/13	Citibank NA	HKD	5,014,918		646,891		646,973		82
Hungarian Forint
Expiring 05/24/12	Citibank NA	HUF	290,039,769		1,278,800		1,333,597		54,797
Expiring 05/24/12	Citibank NA	HUF	175,478,820		776,000		806,848		30,848
Expiring 05/24/12	Citibank NA	HUF	170,310,284		784,100		783,083		(1,017	)
Expiring 05/24/12	Citibank NA	HUF	142,476,387		656,500		655,104		(1,396	)
Expiring 05/24/12	Citibank NA	HUF	142,226,087		649,700		653,953		4,253
Expiring 05/24/12	Citibank NA	HUF	135,456,146		616,300		622,825		6,525
Expiring 05/24/12	JPMorgan	HUF	521,324,365		2,361,522		2,397,039		35,517
Expiring 05/24/12	UBS AG	HUF	116,521,387		517,600		535,763		18,163
Indian Rupee
Expiring 01/07/13	Citibank NA	INR	63,824,328		1,224,800		1,157,009		(67,791	)
Expiring 01/07/13	UBS AG	INR	114,475,680		2,178,000		2,075,218		(102,782	)
Expiring 01/07/13	UBS AG	INR	100,677,509		1,816,300		1,825,085		8,785
Expiring 01/07/13	UBS AG	INR	94,533,675		1,755,500		1,713,709		(41,791	)
Expiring 01/07/13	UBS AG	INR	88,942,467		1,702,900		1,612,352		(90,548	)
Expiring 01/07/13	UBS AG	INR	64,690,983		1,227,300		1,172,720		(54,580	)
Expiring 01/07/13	UBS AG	INR	63,799,832		1,224,800		1,156,565		(68,235	)
Expiring 01/07/13	UBS AG	INR	57,137,520		1,035,100		1,035,791		691

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 49

Portfolio of Investments

as of April 30, 2012 (Unaudited) continued

Purchase Contracts	Counterparty	Notional Amount		Value at Settlement Date Payable		Value at April 30, 2012		Unrealized Appreciation (Depreciation)
Indian Rupee (cont’d.)
Expiring 01/07/13	UBS AG	INR	41,449,662	$	771,300	$	751,401	$	(19,899	)
Expiring 01/07/13	UBS AG	INR	37,389,462		677,100		677,797		697
Expiring 01/07/13	UBS AG	INR	31,817,856		569,600		576,795		7,195
Expiring 01/07/13	UBS AG	INR	30,812,383		566,300		558,568		(7,732	)
Expiring 01/07/13	UBS AG	INR	30,475,575		588,900		552,462		(36,438	)
Expiring 01/07/13	UBS AG	INR	26,827,278		507,900		486,326		(21,574	)
Expiring 01/07/13	UBS AG	INR	23,698,170		459,000		429,601		(29,399	)
Indonesian Rupiah
Expiring 08/09/12	UBS AG	IDR	6,371,695,200		703,200		685,964		(17,236	)
Expiring 08/09/12	UBS AG	IDR	6,370,337,500		701,000		685,818		(15,182	)
Expiring 10/10/12	UBS AG	IDR	14,194,109,400		1,523,300		1,517,450		(5,850	)
Israeli New Shekel
Expiring 05/24/12	Citibank NA	ILS	1,851,831		493,500		491,250		(2,250	)
Expiring 05/24/12	Morgan Stanley	ILS	2,322,236		618,600		616,038		(2,562	)
Expiring 05/25/12	Citibank NA	ILS	3,742,541		1,005,200		992,761		(12,439	)
Japanese Yen
Expiring 05/22/12	Citibank NA	JPY	101,744,104		1,219,433		1,274,605		55,172
Expiring 05/25/12	Citibank NA	JPY	210,436,043		2,613,700		2,636,322		22,622
Expiring 05/25/12	Deutsche Bank AG	JPY	210,273,210		2,613,700		2,634,282		20,582
Expiring 05/25/12	Goldman Sachs	JPY	2,619,991,077		31,341,706		32,822,989		1,481,283
Expiring 05/25/12	JPMorgan	JPY	51,423,774		637,400		644,232		6,832
Expiring 05/25/12	Morgan Stanley	JPY	308,306,426		3,717,200		3,862,432		145,232
Expiring 05/25/12	Morgan Stanley	JPY	306,864,896		3,717,200		3,844,373		127,173
Expiring 05/25/12	Morgan Stanley	JPY	239,639,690		2,979,700		3,002,182		22,482
Expiring 05/25/12	Morgan Stanley	JPY	153,551,730		1,864,200		1,923,681		59,481
Expiring 05/25/12	Morgan Stanley	JPY	134,661,435		1,650,200		1,687,025		36,825
Expiring 05/25/12	Morgan Stanley	JPY	102,239,367		1,227,300		1,280,845		53,545
Expiring 05/25/12	Morgan Stanley	JPY	72,899,728		881,800		913,281		31,481
Expiring 05/25/12	Morgan Stanley	JPY	72,406,731		882,000		907,104		25,104
Expiring 05/25/12	Morgan Stanley	JPY	72,243,017		892,300		905,053		12,753
Expiring 05/25/12	Morgan Stanley	JPY	20,462,688		248,600		256,355		7,755
Expiring 05/25/12	UBS AG	JPY	255,702,530		3,106,900		3,203,416		96,516
Expiring 05/25/12	UBS AG	JPY	204,769,694		2,465,100		2,565,334		100,234
Expiring 05/25/12	UBS AG	JPY	104,653,480		1,270,559		1,311,088		40,529
Expiring 05/25/12	UBS AG	JPY	103,697,685		1,264,700		1,299,114		34,414
Expiring 05/25/12	UBS AG	JPY	103,296,739		1,266,175		1,294,091		27,916
Expiring 05/25/12	UBS AG	JPY	82,654,416		1,027,700		1,035,486		7,786
Expiring 05/25/12	UBS AG	JPY	52,473,454		656,500		657,382		882
Expiring 05/25/12	UBS AG	JPY	51,045,006		619,740		639,487		19,747

See Notes to Financial Statements.

50 Visit our website at www.prudentialfunds.com

Purchase Contracts	Counterparty	Notional Amount		Value at Settlement Date Payable		Value at April 30, 2012		Unrealized Appreciation (Depreciation)
Malaysian Ringgit
Expiring 05/08/12	UBS AG	MYR	11,585,597	$	3,822,494	$	3,826,260	$	3,766
Expiring 05/08/12	UBS AG	MYR	3,248,791		1,077,900		1,072,946		(4,954	)
Expiring 05/08/12	UBS AG	MYR	1,740,384		574,100		574,779		679
Expiring 05/08/12	UBS AG	MYR	1,355,461		441,490		447,655		6,165
Expiring 06/27/12	UBS AG	MYR	3,699,018		1,206,700		1,217,244		10,544
Expiring 06/27/12	UBS AG	MYR	3,088,376		1,005,200		1,016,299		11,099
Expiring 06/27/12	UBS AG	MYR	2,718,287		888,300		894,513		6,213
Expiring 06/27/12	UBS AG	MYR	2,329,971		758,800		766,729		7,929
Expiring 06/27/12	UBS AG	MYR	2,305,332		745,700		758,621		12,921
Expiring 06/27/12	UBS AG	MYR	1,984,062		653,400		652,900		(500	)
Expiring 06/27/12	UBS AG	MYR	1,965,324		639,400		646,734		7,334
Expiring 06/27/12	UBS AG	MYR	1,593,194		525,200		524,276		(924	)
Mexican Peso
Expiring 05/22/12	Citibank NA	MXN	13,471,695		1,023,000		1,031,895		8,895
Expiring 05/22/12	Citibank NA	MXN	12,779,549		1,003,100		978,879		(24,221	)
Expiring 05/22/12	Citibank NA	MXN	10,118,806		771,300		775,073		3,773
Expiring 05/22/12	Citibank NA	MXN	6,385,056		502,600		489,078		(13,522	)
Expiring 05/22/12	JPMorgan	MXN	71,847,402		5,641,412		5,503,315		(138,097	)
Expiring 05/22/12	JPMorgan	MXN	13,660,901		1,045,500		1,046,388		888
Expiring 05/22/12	JPMorgan	MXN	7,476,298		575,000		572,664		(2,336	)
New Zealand Dollar
Expiring 05/23/12	Citibank NA	NZD	2,419,050		1,994,669		1,974,796		(19,873	)
Expiring 05/23/12	Citibank NA	NZD	1,540,019		1,260,800		1,257,198		(3,602	)
Expiring 05/23/12	Citibank NA	NZD	931,171		770,300		760,163		(10,137	)
Expiring 05/23/12	JPMorgan	NZD	750,067		616,300		612,319		(3,981	)
Expiring 05/23/12	Morgan Stanley	NZD	918,309		745,700		749,663		3,963
Expiring 05/23/12	Morgan Stanley	NZD	638,000		518,558		520,833		2,275
Expiring 05/23/12	Morgan Stanley	NZD	27,196		22,100		22,201		101
Expiring 05/23/12	UBS AG	NZD	1,240,044		1,023,000		1,012,312		(10,688	)
Expiring 05/23/12	UBS AG	NZD	779,400		635,112		636,266		1,154
Expiring 05/23/12	UBS AG	NZD	621,125		507,200		507,056		(144	)
Expiring 05/24/12	JPMorgan	NZD	480,058		392,100		391,867		(233	)
Norwegian Krone
Expiring 05/24/12	Citibank NA	NOK	5,739,857		1,003,100		1,001,971		(1,129	)
Expiring 05/24/12	Citibank NA	NOK	4,318,750		756,500		753,897		(2,603	)
Expiring 05/24/12	Citibank NA	NOK	4,243,382		736,400		740,741		4,341
Expiring 05/24/12	Citibank NA	NOK	3,567,279		616,800		622,718		5,918
Expiring 05/24/12	Deutsche Bank AG	NOK	5,715,269		994,200		997,679		3,479

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 51

Portfolio of Investments

as of April 30, 2012 (Unaudited) continued

Purchase Contracts	Counterparty	Notional Amount		Value at Settlement Date Payable		Value at April 30, 2012		Unrealized Appreciation (Depreciation)
Norwegian Krone (cont’d.)
Expiring 05/24/12	Deutsche Bank AG	NOK	2,957,100	$	515,845	$	516,203	$	358
Expiring 05/24/12	Morgan Stanley	NOK	14,005,562		2,428,912		2,444,864		15,952
Peruvian Nuevo Sol
Expiring 06/06/12	Citibank NA	PEN	3,253,870		1,216,400		1,232,023		15,623
Expiring 06/06/12	Citibank NA	PEN	2,396,960		902,300		907,568		5,268
Expiring 06/06/12	Citibank NA	PEN	1,377,234		520,300		521,466		1,166
Philippine Peso
Expiring 05/07/12	UBS AG	PHP	29,674,850		697,100		702,473		5,373
Expiring 05/07/12	UBS AG	PHP	19,833,053		468,800		469,495		695
Expiring 10/03/12	UBS AG	PHP	65,657,277		1,523,300		1,537,614		14,314
Expiring 10/03/12	UBS AG	PHP	54,461,776		1,264,700		1,275,429		10,729
Expiring 10/03/12	UBS AG	PHP	27,746,631		653,400		649,792		(3,608	)
Expiring 10/03/12	UBS AG	PHP	27,443,048		639,400		642,683		3,283
Expiring 10/03/12	UBS AG	PHP	22,263,228		525,200		521,378		(3,822	)
Polish Zloty
Expiring 05/24/12	Citibank NA	PLN	12,323,452		3,911,223		3,897,638		(13,585	)
Expiring 05/24/12	Citibank NA	PLN	2,454,333		771,300		776,252		4,952
Expiring 05/24/12	Citibank NA	PLN	2,435,718		767,300		770,364		3,064
Expiring 05/24/12	Citibank NA	PLN	2,309,439		739,500		730,425		(9,075	)
Romanian Leu
Expiring 05/24/12	JPMorgan	RON	4,247,765		1,269,500		1,264,193		(5,307	)
Expiring 05/24/12	JPMorgan	RON	2,455,702		736,400		730,850		(5,550	)
Expiring 05/24/12	JPMorgan	RON	2,045,844		616,300		608,871		(7,429	)
Expiring 05/24/12	UBS AG	RON	3,283,882		987,000		977,328		(9,672	)
Russian Rouble
Expiring 06/14/12	Citibank NA	RUB	71,924,714		2,413,500		2,430,724		17,224
Expiring 06/14/12	Citibank NA	RUB	25,512,326		855,200		862,199		6,999
Expiring 06/14/12	Citibank NA	RUB	21,811,579		734,100		737,131		3,031
Expiring 06/14/12	Citibank NA	RUB	21,085,651		711,800		712,598		798
Expiring 06/14/12	Citibank NA	RUB	14,700,642		501,600		496,814		(4,786	)
Expiring 06/14/12	Citibank NA	RUB	14,552,731		490,900		491,815		915
Expiring 06/14/12	UBS AG	RUB	77,439,244		2,599,068		2,617,090		18,022
Singapore Dollar
Expiring 05/23/12	Citibank NA	SGD	517,460		412,739		418,157		5,418
Expiring 05/23/12	Citibank NA	SGD	254,139		202,466		205,368		2,902
Expiring 05/23/12	JPMorgan	SGD	1,546,286		1,232,600		1,249,547		16,947
Expiring 05/23/12	JPMorgan	SGD	1,280,099		1,023,000		1,034,443		11,443
Expiring 05/23/12	JPMorgan	SGD	1,270,305		1,015,200		1,026,528		11,328
Expiring 05/23/12	JPMorgan	SGD	1,261,715		1,005,200		1,019,587		14,387
Expiring 05/23/12	JPMorgan	SGD	1,235,232		981,800		998,186		16,386

See Notes to Financial Statements.

52 Visit our website at www.prudentialfunds.com

Purchase Contracts	Counterparty	Notional Amount		Value at Settlement Date Payable		Value at April 30, 2012		Unrealized Appreciation (Depreciation)
Singapore Dollar (cont’d.)
Expiring 05/23/12	Morgan Stanley	SGD	1,518,476	$	1,206,676	$	1,227,074	$	20,398
Expiring 05/23/12	Morgan Stanley	SGD	970,150		779,700		783,974		4,274
South African Rand
Expiring 05/02/12	Barclays Bank PLC	ZAR	43,952		5,674		5,654		(20	)
Expiring 05/31/12	Citibank NA	ZAR	15,902,685		2,047,157		2,035,961		(11,196	)
Expiring 05/31/12	Citibank NA	ZAR	9,628,551		1,253,900		1,232,707		(21,193	)
Expiring 05/31/12	Citibank NA	ZAR	8,183,348		1,023,000		1,047,684		24,684
Expiring 05/31/12	Citibank NA	ZAR	1,501,878		190,384	��	192,280		1,896
Expiring 05/31/12	JPMorgan	ZAR	12,143,432		1,542,600		1,554,678		12,078
Expiring 05/31/12	JPMorgan	ZAR	9,118,083		1,169,500		1,167,354		(2,146	)
South Korean Won
Expiring 07/05/12	UBS AG	KRW	3,157,788,737		2,773,274		2,781,617		8,343
Expiring 07/05/12	UBS AG	KRW	1,363,354,050		1,190,962		1,200,945		9,983
Expiring 07/05/12	UBS AG	KRW	1,003,779,000		888,300		884,204		(4,096	)
Expiring 07/05/12	UBS AG	KRW	861,882,980		758,800		759,211		411
Swedish Krona
Expiring 05/24/12	Citibank NA	SEK	6,744,289		1,007,800		1,002,390		(5,410	)
Expiring 05/24/12	Citibank NA	SEK	6,617,240		981,800		983,507		1,707
Expiring 05/24/12	Citibank NA	SEK	4,336,235		644,500		644,486		(14	)
Expiring 05/24/12	Citibank NA	SEK	4,166,727		616,800		619,292		2,492
Expiring 05/24/12	Deutsche Bank AG	SEK	6,120,053		905,720		909,611		3,891
Expiring 05/24/12	JPMorgan	SEK	4,146,108		616,300		616,227		(73	)
Expiring 05/24/12	Morgan Stanley	SEK	17,965,408		2,661,625		2,670,162		8,537
Expiring 05/24/12	UBS AG	SEK	3,354,175		504,300		498,524		(5,776	)
Swiss Franc
Expiring 05/24/12	Citibank NA	CHF	1,698,086		1,835,400		1,871,388		35,988
Expiring 05/24/12	Citibank NA	CHF	450,557		493,500		496,540		3,040
Expiring 05/24/12	Morgan Stanley	CHF	1,126,837		1,237,100		1,241,839		4,739
Expiring 05/24/12	Morgan Stanley	CHF	676,888		745,700		745,970		270
Expiring 05/24/12	Morgan Stanley	CHF	639,762		700,586		705,054		4,468
Expiring 05/24/12	Morgan Stanley	CHF	564,765		621,400		622,403		1,003
Expiring 05/24/12	Morgan Stanley	CHF	293,300		322,664		323,233		569
Expiring 05/24/12	UBS AG	CHF	706,500		777,232		778,603		1,371
Expiring 05/24/12	UBS AG	CHF	632,200		696,587		696,721		134
Expiring 05/25/12	Citibank NA	CHF	682,700		756,824		752,383		(4,441	)
Taiwan Dollar
Expiring 05/02/12	UBS AG	TWD	16,902,365		574,100		578,680		4,580
Expiring 09/24/12	UBS AG	TWD	76,610,147		2,616,958		2,627,464		10,506
Expiring 10/12/12	UBS AG	TWD	37,447,499		1,278,333		1,284,752		6,419
Expiring 04/30/13	UBS AG	TWD	22,542,875		784,100		777,032		(7,068	)

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 53

Portfolio of Investments

as of April 30, 2012 (Unaudited) continued

Purchase Contracts	Counterparty	Notional Amount		Value at Settlement Date Payable		Value at April 30, 2012		Unrealized Appreciation (Depreciation)
Taiwan Dollar (cont’d.)
Expiring 04/30/13	UBS AG	TWD	18,718,512	$	650,400	$	645,210	$	(5,190	)
Expiring 04/30/13	UBS AG	TWD	15,061,686		525,200		519,163		(6,037	)
Thai Baht
Expiring 05/31/12	UBS AG	THB	37,090,130		1,210,000		1,203,510		(6,490	)
Expiring 05/31/12	UBS AG	THB	18,662,617		608,200		605,569		(2,631	)
Expiring 05/31/12	UBS AG	THB	14,654,753		480,248		475,521		(4,727	)
Expiring 05/31/12	UBS AG	THB	14,166,555		463,200		459,680		(3,520	)
Expiring 07/18/12	UBS AG	THB	135,131,399		4,350,657		4,372,129		21,472
Expiring 07/18/12	UBS AG	THB	40,084,044		1,292,200		1,296,905		4,705
Expiring 07/18/12	UBS AG	THB	23,772,228		770,300		769,142		(1,158	)
Expiring 07/18/12	UBS AG	THB	20,150,856		653,400		651,974		(1,426	)
Expiring 07/18/12	UBS AG	THB	19,796,463		639,400		640,508		1,108
Turkish Lira
Expiring 05/31/12	Citibank NA	TRY	2,271,389		1,242,800		1,283,852		41,052
Expiring 05/31/12	Citibank NA	TRY	1,820,151		1,003,100		1,028,800		25,700
Expiring 05/31/12	Citibank NA	TRY	1,393,144		770,300		787,444		17,144
Expiring 05/31/12	JPMorgan	TRY	1,368,277		755,900		773,388		17,488
Expiring 05/31/12	JPMorgan	TRY	930,054		525,200		525,692		492
Expiring 05/31/12	Morgan Stanley	TRY	500,000		280,129		282,614		2,485
				$	378,527,158	$	381,611,903	$	3,084,745
Sales Contracts	Counterparty	Notional Amount		Value at Settlement Date Receivable		Value at April 30, 2012		Unrealized Appreciation (Depreciation)
Argentine Peso
Expiring 05/16/12	Citibank NA	ARS	6,098,321	$	1,239,496	$	1,371,031	$	(131,535	)
Expiring 12/31/12	Citibank NA	ARS	2,855,358		564,300		562,829		1,471
Expiring 12/31/12	Citibank NA	ARS	2,176,795		422,679		429,075		(6,396	)
Expiring 12/31/12	Citibank NA	ARS	1,355,690		267,500		267,225		275
Expiring 03/14/13	Citibank NA	ARS	3,415,229		641,900		644,779		(2,879	)
Expiring 03/14/13	Citibank NA	ARS	2,846,512		520,386		537,408		(17,022	)
Australian Dollar
Expiring 05/23/12	Citibank NA	AUD	970,278		990,500		1,008,276		(17,776	)
Expiring 05/23/12	Morgan Stanley	AUD	1,544,500		1,608,300		1,604,985		3,315
Expiring 05/23/12	Morgan Stanley	AUD	756,326		776,000		785,946		(9,946	)
Expiring 05/23/12	Morgan Stanley	AUD	642,158		674,822		667,306		7,516
Expiring 05/23/12	Morgan Stanley	AUD	504,085		517,600		523,826		(6,226	)
Expiring 05/23/12	UBS AG	AUD	489,202		504,300		508,360		(4,060	)
Expiring 05/23/12	UBS AG	AUD	391,303		403,100		406,628		(3,528	)

See Notes to Financial Statements.

54 Visit our website at www.prudentialfunds.com

Sales Contracts	Counterparty	Notional Amount		Value at Settlement Date Receivable		Value at April 30, 2012		Unrealized Appreciation (Depreciation)
Brazilian Real
Expiring 07/11/12	Citibank NA	BRL	2,741,749	$	1,469,319	$	1,418,519	$	50,800
Expiring 07/11/12	Citibank NA	BRL	2,489,081		1,300,800		1,287,794		13,006
Expiring 07/11/12	Citibank NA	BRL	2,442,958		1,289,500		1,263,931		25,569
Expiring 07/11/12	Citibank NA	BRL	2,289,000		1,193,742		1,184,277		9,465
Expiring 07/11/12	Citibank NA	BRL	1,249,824		653,400		646,630		6,770
Expiring 07/11/12	Citibank NA	BRL	1,007,859		525,200		521,443		3,757
British Pound
Expiring 05/24/12	JPMorgan	GBP	401,100		646,255		650,836		(4,581	)
Expiring 05/25/12	Deutsche Bank AG	GBP	477,020		755,900		774,021		(18,121	)
Expiring 05/25/12	JPMorgan	GBP	240,699		388,200		390,563		(2,363	)
Expiring 05/25/12	Morgan Stanley	GBP	774,100		1,227,381		1,256,068		(28,687	)
Expiring 05/25/12	Morgan Stanley	GBP	70,038		110,745		113,645		(2,900	)
Expiring 05/25/12	Morgan Stanley	GBP	58,738		93,320		95,309		(1,989	)
Canadian Dollar
Expiring 05/22/12	Citibank NA	CAD	2,354,493		2,345,500		2,382,302		(36,802	)
Expiring 05/22/12	Citibank NA	CAD	2,036,024		2,032,100		2,060,072		(27,972	)
Expiring 05/22/12	Citibank NA	CAD	1,216,700		1,219,433		1,231,071		(11,638	)
Expiring 05/22/12	Citibank NA	CAD	624,067		622,512		631,438		(8,926	)
Expiring 05/22/12	Morgan Stanley	CAD	760,428		761,700		769,410		(7,710	)
Expiring 05/22/12	UBS AG	CAD	803,029		808,296		812,514		(4,218	)
Expiring 05/22/12	UBS AG	CAD	562,000		568,928		568,638		290
Chinese Yuan Renminbi
Expiring 08/02/12	Morgan Stanley	CNY	27,010,807		4,274,200		4,271,328		2,872
Expiring 08/02/12	Morgan Stanley	CNY	24,980,637		3,938,300		3,950,289		(11,989	)
Expiring 08/02/12	Morgan Stanley	CNY	17,828,963		2,819,700		2,819,366		334
Expiring 08/02/12	Morgan Stanley	CNY	13,907,016		2,179,100		2,199,172		(20,072	)
Expiring 08/02/12	Morgan Stanley	CNY	10,626,821		1,656,300		1,680,462		(24,162	)
Expiring 08/02/12	Morgan Stanley	CNY	8,340,474		1,324,200		1,318,913		5,287
Expiring 08/02/12	Morgan Stanley	CNY	7,730,600		1,219,722		1,222,471		(2,749	)
Expiring 08/02/12	UBS AG	CNY	24,984,575		3,938,300		3,950,911		(12,611	)
Expiring 08/02/12	UBS AG	CNY	18,023,040		2,816,100		2,850,056		(33,956	)
Expiring 08/02/12	UBS AG	CNY	11,194,526		1,780,300		1,770,236		10,064
Expiring 08/02/12	UBS AG	CNY	10,871,526		1,732,100		1,719,158		12,942
Expiring 10/29/12	Goldman Sachs	CNY	25,560,000		4,000,000		4,037,720		(37,720	)
Colombian Peso
Expiring 05/16/12	Citibank NA	COP	1,539,804,420		867,300		871,680		(4,380	)
Expiring 05/16/12	Citibank NA	COP	492,436,100		273,918		278,767		(4,849	)
Czech Koruna
Expiring 05/24/12	Citibank NA	CZK	24,011,056		1,269,500		1,274,069		(4,569	)

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 55

Portfolio of Investments

as of April 30, 2012 (Unaudited) continued

Sales Contracts	Counterparty	Notional Amount		Value at Settlement Date Receivable			Value at April 30, 2012		Unrealized Appreciation (Depreciation)
Czech Koruna (cont’d.)
Expiring 05/24/12	JPMorgan	CZK	43,595,225	$	2,294,500	��	$	2,313,240	$	(18,740	)
Expiring 05/24/12	JPMorgan	CZK	9,765,137		516,746			518,155		(1,409	)
Expiring 05/24/12	Morgan Stanley	CZK	6,095,941		322,664			323,461		(797	)
Expiring 05/24/12	UBS AG	CZK	23,564,264		1,260,800			1,250,361		10,439
Expiring 05/24/12	UBS AG	CZK	14,124,834		758,800			749,489		9,311
Euro
Expiring 05/22/12	Deutsche Bank AG	EUR	583,500		761,162			772,445		(11,283	)
Expiring 05/22/12	UBS AG	EUR	587,200		772,017			777,343		(5,326	)
Expiring 05/23/12	Citibank NA	EUR	389,000		508,965			514,965		(6,000	)
Expiring 05/24/12	Deutsche Bank AG	EUR	690,600		905,720			914,232		(8,512	)
Expiring 05/25/12	Citibank NA	EUR	3,764,093		4,956,200			4,983,013		(26,813	)
Expiring 05/25/12	Citibank NA	EUR	1,505,871		1,982,500			1,993,514		(11,014	)
Expiring 05/25/12	Citibank NA	EUR	1,037,900		1,374,550			1,374,001		549
Expiring 05/25/12	Citibank NA	EUR	460,000		608,045			608,961		(916	)
Expiring 05/25/12	Citibank NA	EUR	18,550		24,379			24,557		(178	)
Expiring 05/25/12	JPMorgan	EUR	1,307,240		1,709,650			1,730,561		(20,911	)
Expiring 05/25/12	JPMorgan	EUR	580,500		762,400			768,482		(6,082	)
Expiring 05/25/12	Morgan Stanley	EUR	1,449,136		1,904,900			1,918,408		(13,508	)
Expiring 05/25/12	Morgan Stanley	EUR	933,640		1,223,460			1,235,979		(12,519	)
Expiring 05/25/12	Morgan Stanley	EUR	493,400		646,713			653,177		(6,464	)
Expiring 05/25/12	Morgan Stanley	EUR	456,938		597,071			604,907		(7,836	)
Expiring 05/25/12	Morgan Stanley	EUR	393,674		513,800			521,157		(7,357	)
Expiring 05/25/12	Morgan Stanley	EUR	303,179		399,991			401,357		(1,366	)
Expiring 05/25/12	Morgan Stanley	EUR	246,600		324,941			326,456		(1,515	)
Expiring 05/25/12	Morgan Stanley	EUR	83,546		111,432			110,601		831
Expiring 05/25/12	Morgan Stanley	EUR	65,812		86,423			87,124		(701	)
Expiring 05/25/12	UBS AG	EUR	972,400		1,270,559			1,287,291		(16,732	)
Expiring 05/25/12	UBS AG	EUR	971,900		1,266,175			1,286,629		(20,454	)
Expiring 05/25/12	UBS AG	EUR	794,300		1,053,394			1,051,517		1,877
Expiring 05/25/12	UBS AG	EUR	468,800		619,740			620,611		(871	)
Expiring 05/25/12	UBS AG	EUR	441,824		584,359			584,899		(540	)
Hong Kong Dollar
Expiring 05/23/12	Citibank NA	HKD	5,545,108		714,619			714,762		(143	)
Expiring 05/23/12	Goldman Sachs	HKD	11,582,517		1,491,300			1,492,980		(1,680	)
Expiring 05/23/12	Morgan Stanley	HKD	3,137,000		404,140			404,358		(218	)
Expiring 06/12/12	JPMorgan	HKD	5,348,747		690,379			689,503		876
Expiring 10/15/12	Goldman Sachs	HKD	1,021,989		131,730			131,811		(81	)
Expiring 02/01/13	Citibank NA	HKD	8,747,143		1,128,700			1,128,467		233
Expiring 02/01/13	Goldman Sachs	HKD	11,060,846		1,427,100			1,426,957		143
Expiring 02/01/13	Morgan Stanley	HKD	13,061,555		1,685,270			1,685,068		202
Expiring 02/01/13	UBS AG	HKD	3,007,671		387,985			388,019		(34	)

See Notes to Financial Statements.

56 Visit our website at www.prudentialfunds.com

Sales Contracts	Counterparty	Notional Amount		Value at Settlement Date Receivable		Value at April 30, 2012		Unrealized Appreciation (Depreciation)
Hungarian Forint
Expiring 05/24/12	Citibank NA	HUF	169,446,793	$	758,800	$	779,113	$	(20,313	)
Expiring 05/24/12	Goldman Sachs	HUF	251,469,794		1,115,200		1,156,253		(41,053	)
Expiring 05/24/12	JPMorgan	HUF	293,004,516		1,274,924		1,347,229		(72,305	)
Expiring 05/24/12	UBS AG	HUF	230,584,410		1,015,900		1,060,222		(44,322	)
Indian Rupee
Expiring 01/07/13	Citibank NA	INR	53,170,125		998,500		963,870		34,630
Expiring 01/07/13	UBS AG	INR	318,540,600		5,670,000		5,774,513		(104,513	)
Expiring 01/07/13	UBS AG	INR	184,953,000		3,487,048		3,352,833		134,215
Expiring 01/07/13	UBS AG	INR	129,230,300		2,428,000		2,342,691		85,309
Expiring 01/07/13	UBS AG	INR	124,936,403		2,387,700		2,264,851		122,849
Expiring 01/07/13	UBS AG	INR	72,590,382		1,401,900		1,315,920		85,980
Expiring 01/07/13	UBS AG	INR	56,331,054		1,077,900		1,021,171		56,729
Expiring 01/07/13	UBS AG	INR	49,146,147		945,300		890,923		54,377
Expiring 01/07/13	UBS AG	INR	42,340,844		820,400		767,556		52,844
Expiring 01/07/13	UBS AG	INR	39,585,700		742,000		717,611		24,389
Expiring 01/07/13	UBS AG	INR	38,262,078		728,000		693,616		34,384
Expiring 01/07/13	UBS AG	INR	37,730,160		696,000		683,973		12,027
Expiring 01/07/13	UBS AG	INR	37,632,722		688,500		682,207		6,293
Expiring 01/07/13	UBS AG	INR	29,214,738		547,400		529,606		17,794
Expiring 01/07/13	UBS AG	INR	28,149,182		515,600		510,289		5,311
Expiring 01/07/13	UBS AG	INR	26,402,915		494,900		478,633		16,267
Expiring 01/07/13	UBS AG	INR	23,479,006		436,900		425,628		11,272
Expiring 01/07/13	UBS AG	INR	11,832,642		225,900		214,502		11,398
Indonesian Rupiah
Expiring 08/09/12	UBS AG	IDR	6,725,845,000		717,500		724,091		(6,591	)
Expiring 08/09/12	UBS AG	IDR	6,016,187,700		641,453		647,691		(6,238	)
Israeli New Shekel
Expiring 05/24/12	Citibank NA	ILS	2,835,419		758,800		752,175		6,625
Expiring 05/24/12	Citibank NA	ILS	2,454,951		653,400		651,245		2,155
Expiring 05/24/12	Citibank NA	ILS	132,319		35,274		35,101		173
Expiring 05/24/12	Deutsche Bank AG	ILS	2,912,936		775,185		772,738		2,447
Expiring 05/24/12	Deutsche Bank AG	ILS	1,253,619		333,800		332,558		1,242
Expiring 05/24/12	JPMorgan	ILS	2,842,107		761,400		753,949		7,451
Expiring 05/24/12	UBS AG	ILS	257,140		68,933		68,214		719
Japanese Yen
Expiring 05/22/12	Morgan Stanley	JPY	67,272,346		812,340		842,758		(30,418	)
Expiring 05/22/12	Morgan Stanley	JPY	42,440,582		519,110		531,677		(12,567	)
Expiring 05/23/12	Citibank NA	JPY	42,163,883		518,152		528,215		(10,063	)
Expiring 05/23/12	Deutsche Bank AG	JPY	51,495,334		635,056		645,117		(10,061	)

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 57

Portfolio of Investments

as of April 30, 2012 (Unaudited) continued

Sales Contracts	Counterparty	Notional Amount		Value at Settlement Date Receivable		Value at April 30, 2012		Unrealized Appreciation (Depreciation)
Japanese Yen (cont’d.)
Expiring 05/23/12	Morgan Stanley	JPY	42,177,286	$	518,558	$	528,383	$	(9,825	)
Expiring 05/23/12	UBS AG	JPY	51,591,681		635,112		646,324		(11,212	)
Expiring 05/24/12	Deutsche Bank AG	JPY	42,161,740		515,845		528,193		(12,348	)
Expiring 05/24/12	JPMorgan	JPY	51,295,623		613,700		642,621		(28,921	)
Expiring 05/24/12	UBS AG	JPY	63,351,289		777,232		793,651		(16,419	)
Expiring 05/24/12	UBS AG	JPY	57,415,329		696,587		719,287		(22,700	)
Expiring 05/25/12	Citibank NA	JPY	82,759,456		987,000		1,036,802		(49,802	)
Expiring 05/25/12	Citibank NA	JPY	62,682,100		756,824		785,275		(28,451	)
Expiring 05/25/12	Deutsche Bank AG	JPY	486,627,385		5,824,957		6,096,420		(271,463	)
Expiring 05/25/12	Deutsche Bank AG	JPY	73,567,496		902,300		921,646		(19,346	)
Expiring 05/25/12	Deutsche Bank AG	JPY	51,754,801		618,394		648,379		(29,985	)
Expiring 05/25/12	JPMorgan	JPY	138,673,726		1,713,500		1,737,291		(23,791	)
Expiring 05/25/12	JPMorgan	JPY	71,870,851		862,636		900,391		(37,755	)
Expiring 05/25/12	JPMorgan	JPY	50,280,449		607,141		629,908		(22,767	)
Expiring 05/25/12	Morgan Stanley	JPY	146,561,814		1,759,000		1,836,112		(77,112	)
Expiring 05/25/12	Morgan Stanley	JPY	103,621,418		1,253,900		1,298,159		(44,259	)
Expiring 05/25/12	Morgan Stanley	JPY	84,795,948		1,042,679		1,062,315		(19,636	)
Expiring 05/25/12	Morgan Stanley	JPY	52,553,754		644,500		658,388		(13,888	)
Expiring 05/25/12	Morgan Stanley	JPY	52,403,392		646,272		656,505		(10,233	)
Expiring 05/25/12	Morgan Stanley	JPY	22,901,892		276,385		286,913		(10,528	)
Expiring 05/25/12	Morgan Stanley	JPY	19,713,357		241,762		246,967		(5,205	)
Expiring 05/25/12	UBS AG	JPY	158,435,517		1,949,100		1,984,864		(35,764	)
Expiring 05/25/12	UBS AG	JPY	63,318,652		776,776		793,250		(16,474	)
Expiring 05/25/12	UBS AG	JPY	61,952,580		742,300		776,136		(33,836	)
Expiring 05/25/12	UBS AG	JPY	52,514,697		644,500		657,899		(13,399	)
Expiring 06/20/12	Barclays Capital	JPY	100,000,000		1,291,257		1,253,091		38,166
Expiring 07/23/12	JPMorgan	JPY	100,843,013		1,282,130		1,264,115		18,015
Expiring 11/13/12	Citibank NA	JPY	100,960,000		1,323,198		1,267,905		55,293
Malaysian Ringgit
Expiring 05/08/12	UBS AG	MYR	6,444,037		2,094,600		2,128,208		(33,608	)
Expiring 05/08/12	UBS AG	MYR	6,351,067		2,053,700		2,097,504		(43,804	)
Expiring 05/08/12	UBS AG	MYR	3,667,987		1,213,400		1,211,390		2,010
Expiring 05/08/12	UBS AG	MYR	3,539,227		1,153,782		1,168,865		(15,083	)
Expiring 06/27/12	UBS AG	MYR	5,189,023		1,689,300		1,707,564		(18,264	)
Mexican Peso
Expiring 05/11/12	Goldman Sachs	MXN	5,574,913		436,372		427,504		8,868
Expiring 05/22/12	Citibank NA	MXN	16,580,968		1,269,400		1,270,057		(657	)
Expiring 05/22/12	Citibank NA	MXN	16,057,838		1,244,493		1,229,987		14,506
Expiring 05/22/12	Citibank NA	MXN	10,270,874		773,400		786,721		(13,321	)
Expiring 05/22/12	Citibank NA	MXN	9,750,303		755,900		746,847		9,053

See Notes to Financial Statements.

58 Visit our website at www.prudentialfunds.com

Sales Contracts	Counterparty	Notional Amount		Value at Settlement Date Receivable		Value at April 30, 2012		Unrealized Appreciation (Depreciation)
Mexican Peso (cont’d.)
Expiring 05/22/12	Citibank NA	MXN	7,213,967	$	561,515	$	552,570	$	8,945
Expiring 05/22/12	Citibank NA	MXN	6,842,319		525,200		524,103		1,097
Expiring 05/22/12	JPMorgan	MXN	34,694,798		2,625,900		2,657,527		(31,627	)
Expiring 05/22/12	JPMorgan	MXN	14,459,610		1,095,719		1,107,567		(11,848	)
Expiring 05/22/12	JPMorgan	MXN	11,197,673		867,300		857,711		9,589
Expiring 05/22/12	JPMorgan	MXN	9,680,709		760,631		741,516		19,115
Expiring 05/22/12	JPMorgan	MXN	3,747,344		293,172		287,036		6,136
New Zealand Dollar
Expiring 05/23/12	Citibank NA	NZD	986,386		793,000		805,238		(12,238	)
Expiring 05/23/12	Citibank NA	NZD	867,118		705,500		707,873		(2,373	)
Expiring 05/23/12	Morgan Stanley	NZD	1,830,859		1,480,400		1,494,626		(14,226	)
Expiring 05/23/12	Morgan Stanley	NZD	1,374,309		1,112,800		1,121,920		(9,120	)
Norwegian Krone
Expiring 05/24/12	Citibank NA	NOK	5,810,624		1,007,800		1,014,325		(6,525	)
Expiring 05/24/12	Citibank NA	NOK	4,420,911		761,900		771,731		(9,831	)
Philippine Peso
Expiring 05/07/12	UBS AG	PHP	49,507,903		1,154,057		1,171,968		(17,911	)
Polish Zloty
Expiring 05/24/12	Citibank NA	PLN	4,693,377		1,480,400		1,484,412		(4,012	)
Expiring 05/24/12	Citibank NA	PLN	241,420		74,784		76,356		(1,572	)
Expiring 05/24/12	UBS AG	PLN	919,572		295,177		290,840		4,337
Romanian Leu
Expiring 05/24/12	Deutsche Bank AG	RON	20,485,531		6,163,416		6,096,773		66,643
Expiring 05/24/12	Deutsche Bank AG	RON	5,271,338		1,575,500		1,568,822		6,678
Expiring 05/24/12	JPMorgan	RON	8,688,425		2,613,700		2,585,793		27,907
Expiring 05/24/12	UBS AG	RON	5,159,555		1,540,500		1,535,554		4,946
Expiring 05/24/12	UBS AG	RON	3,043,584		914,800		905,812		8,988
Russian Rouble
Expiring 06/14/12	Citibank NA	RUB	64,353,000		2,146,173		2,174,835		(28,662	)
Expiring 06/14/12	Citibank NA	RUB	45,447,656		1,523,300		1,535,922		(12,622	)
Expiring 06/14/12	Citibank NA	RUB	22,995,398		775,300		777,139		(1,839	)
Expiring 06/14/12	Citibank NA	RUB	19,292,942		653,400		652,013		1,387
Singapore Dollar
Expiring 05/23/12	Morgan Stanley	SGD	244,933		194,546		197,929		(3,383	)
Expiring 05/24/12	UBS AG	SGD	252,803		205,280		204,289		991
Expiring 09/10/12	UBS AG	SGD	512,195		423,022		414,223		8,799
Expiring 10/01/12	Morgan Stanley	SGD	1,538,793		1,270,381		1,244,733		25,648
South African Rand
Expiring 05/24/12	Citibank NA	ZAR	5,800,636		745,700		743,435		2,265
Expiring 05/31/12	Citibank NA	ZAR	18,957,504		2,345,500		2,427,058		(81,558	)

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 59

Portfolio of Investments

as of April 30, 2012 (Unaudited) continued

Sales Contracts	Counterparty	Notional Amount		Value at Settlement Date Receivable		Value at April 30, 2012		Unrealized Appreciation (Depreciation)
South African Rand (cont’d.)
Expiring 05/31/12	Citibank NA	ZAR	5,866,396	$	755,900	$	751,053	$	4,847
Expiring 05/31/12	Morgan Stanley	ZAR	5,354,504		695,888		685,517		10,371
Swedish Krona
Expiring 05/24/12	Citibank NA	SEK	7,032,336		1,045,500		1,045,202		298
Expiring 05/24/12	Citibank NA	SEK	5,153,924		761,900		766,017		(4,117	)
Expiring 05/24/12	UBS AG	SEK	12,402,315		1,838,100		1,843,330		(5,230	)
Swiss Franc
Expiring 05/24/12	Citibank NA	CHF	10,881,182		11,945,608		11,991,684		(46,076	)
Expiring 05/24/12	Citibank NA	CHF	705,163		767,532		777,130		(9,598	)
Expiring 05/24/12	JPMorgan	CHF	1,162,388		1,269,900		1,281,018		(11,118	)
Expiring 05/24/12	JPMorgan	CHF	472,535		515,798		520,761		(4,963	)
Expiring 05/24/12	Morgan Stanley	CHF	817,395		892,331		900,816		(8,485	)
Expiring 05/24/12	UBS AG	CHF	1,163,312		1,269,400		1,282,037		(12,637	)
Expiring 05/24/12	UBS AG	CHF	700,915		761,587		772,449		(10,862	)
Expiring 05/24/12	UBS AG	CHF	640,498		703,894		705,866		(1,972	)
Expiring 05/24/12	UBS AG	CHF	338,235		368,200		372,754		(4,554	)
Expiring 05/25/12	Citibank NA	CHF	701,868		764,515		773,508		(8,993	)
Expiring 10/25/12	Citibank NA	CHF	101,598		116,551		112,255		4,296
Expiring 10/26/12	Citibank NA	CHF	203,631		222,661		224,995		(2,334	)
Expiring 10/26/12	Morgan Stanley	CHF	104,083		117,546		115,003		2,543
Expiring 05/16/13	Barclays Capital	CHF	520,625		580,161		577,561		2,600
Taiwan Dollar
Expiring 05/02/12	UBS AG	TWD	16,902,365		571,122		578,680		(7,558	)
Expiring 09/24/12	UBS AG	TWD	36,342,335		1,233,700		1,246,417		(12,717	)
Expiring 09/24/12	UBS AG	TWD	25,608,333		867,300		878,278		(10,978	)
Expiring 09/24/12	UBS AG	TWD	14,659,479		497,100		502,770		(5,670	)
Expiring 10/12/12	UBS AG	TWD	37,447,499		1,274,700		1,284,752		(10,052	)
Thai Baht
Expiring 05/31/12	Citibank NA	THB	31,285,656		1,008,200		1,015,165		(6,965	)
Expiring 05/31/12	UBS AG	THB	48,886,145		1,578,500		1,586,270		(7,770	)
Expiring 05/31/12	UBS AG	THB	43,279,033		1,407,700		1,404,329		3,371
Expiring 05/31/12	UBS AG	THB	37,398,201		1,213,400		1,213,506		(106	)
Expiring 07/18/12	UBS AG	THB	28,314,908		907,500		916,119		(8,619	)
Turkish Lira
Expiring 05/31/12	Deutsche Bank AG	TRY	465,230		256,791		262,961		(6,170	)
Expiring 05/31/12	UBS AG	TRY	2,209,910		1,221,647		1,249,102		(27,455	)
Expiring 05/31/12	UBS AG	TRY	1,366,876		756,500		772,596		(16,096	)
Expiring 01/14/13	UBS AG	TRY	12,496,880		6,172,288		6,742,414		(570,126	)
				$	260,735,693	$	262,534,111		(1,798,418	)
								$	1,286,327

See Notes to Financial Statements.

60 Visit our website at www.prudentialfunds.com

Currency swap agreements outstanding as of April 30, 2012:

Notional Amount (000)		Termination Date		Fixed Rate		Floating Rate	Fair Value			Upfront Premiums Paid/ (Received)			Unrealized Appreciation (Depreciation)			Counterparty
CHF	1,000		12/05/12		4.375%	3 month LIBOR(a)	$	106,100		$	—		$	106,100		Barclays Bank PLC
CHF	1,000		05/12/15		2.625%	3 month LIBOR(b)		(27,047	)		(25,901	)		(1,146	)	Credit Suisse International
CHF	500		05/20/16		4.000%	3 month LIBOR(c)		17,795			680			17,115		Credit Suisse International
CHF	300		11/23/16		2.875%	3 month LIBOR(d)		(33,743	)		(22,679	)		(11,064	)	Citibank NA
EUR	550		05/16/13		5.250%	3 month LIBOR(e)		(12,144	)		—			(12,144	)	Citibank NA
EUR	500		06/10/13		5.375%	3 month LIBOR(f)		(64,657	)		(23,855	)		(40,802	)	Citibank NA
EUR	750		02/10/14		6.500%	3 month LIBOR(g)		(26,892	)		(56,251	)		29,359		Citibank NA
EUR	1,500		07/28/14		6.750%	3 month LIBOR(h)		(199,270	)		(56,991	)		(142,279	)	Citibank NA
EUR	1,000		10/14/14		7.500%	3 month LIBOR(i)		(179,112	)		(156,521	)		(22,591	)	Citibank NA
EUR	1,000		10/14/14		7.500%	3 month LIBOR(j)		(186,496	)		(218,864	)		32,368		Citibank NA
EUR	600		10/14/14		7.500%	3 month LIBOR(k)		(141,751	)		(87,625	)		(54,126	)	Citibank NA
EUR	500		10/12/15		3.750%	3 month LIBOR(l)		(23,597	)		(16,600	)		(6,997	)	Citibank NA
EUR	500		10/12/15		3.750%	3 month LIBOR(m)		(61,540	)		(16,423	)		(45,117	)	Citibank NA
EUR	500		02/01/16		3.625%	3 month LIBOR(n)		(22,669	)		49			(22,718	)	Citibank NA
EUR	500		04/05/16		4.500%	3 month LIBOR(o)		(54,974	)		(22,723	)		(32,251	)	Citibank NA
EUR	227		04/05/16		4.500%	3 month LIBOR(p)		(17,291	)		(15,773	)		(1,518	)	Citibank NA
EUR	700		04/15/16		4.500%	3 month LIBOR(q)		(44,383	)		—			(44,383	)	Citibank NA
JPY	100,000		11/13/12		1.920%	6 month LIBOR(r)		(53,176	)		—			(53,176	)	Citibank NA
JPY	62,000		12/15/14		5.500%	3 month LIBOR(s)		27,577			(12	)		27,589		Citibank NA
JPY	100,000		06/08/15		4.500%	3 month LIBOR(t)		(62,684	)		62			(62,746	)	Citibank NA
JPY	92,000		11/14/16		3.700%	3 month LIBOR(u)		(76,263	)		66			(76,329	)	Citibank NA
							$	(1,136,217	)	$	(719,361	)	$	(416,856	)

(a) The Fund pays a fixed rate based on a notional amount of CHF 1,000,000. The Fund receives a floating rate based on a notional amount of $1,221,299.

(b) The Fund pays a fixed rate based on a notional amount of CHF 1,000,000. The Fund receives a floating rate based on a notional amount of $1,111,111.

(c) The Fund pays a fixed rate based on a notional amount of CHF 500,000. The Fund receives a floating rate based on a notional amount of $566,893.

(d) The Fund pays a fixed rate based on a notional amount of CHF 300,000. The Fund receives a floating rate based on a notional amount of $326,975.

(e) The Fund pays a fixed rate based on a notional amount of EUR 550,000. The Fund receives a floating rate based on a notional amount of $776,875.

(f) The Fund pays a fixed rate based on a notional amount of EUR 500,000. The Fund receives a floating rate based on a notional amount of $648,500.

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 61

Portfolio of Investments

as of April 30, 2012 (Unaudited) continued

(g) The Fund pays a fixed rate based on a notional amount of EUR 750,000. The Fund receives a floating rate based on a notional amount of $1,034,850.

(h) The Fund pays a fixed rate based on a notional amount of EUR 1,500,000. The Fund receives a floating rate based on a notional amount of $1,986,450

(i) The Fund pays a fixed rate based on a notional amount of EUR 1,000,000. The Fund receives a floating rate based on a notional amount of $1,364,000.

(j) The Fund pays a fixed rate based on a notional amount of EUR 1,000,000. The Fund receives a floating rate based on a notional amount of $1,333,000.

(k) The Fund pays a fixed rate based on a notional amount of EUR 600,000. The Fund receives a floating rate based on a notional amount of $778,200.

(l) The Fund pays a fixed rate based on a notional amount of EUR 500,000. The Fund receives a floating rate based on a notional amount of $689,600.

(m) The Fund pays a fixed rate based on a notional amount of EUR 500,000. The Fund receives a floating rate based on a notional amount of $648,500.

(n) The Fund pays a fixed rate based on a notional amount of EUR 500,000. The Fund receives a floating rate based on a notional amount of $651,300.

(o) The Fund pays a fixed rate based on a notional amount of EUR 500,000. The Fund receives a floating rate based on a notional amount of $651,300.

(p) The Fund pays a fixed rate based on a notional amount of EUR 227,000. The Fund receives a floating rate based on a notional amount of $302,705.

(q) The Fund pays a fixed rate based on a notional amount of EUR 700,000. The Fund receives a floating rate based on a notional amount of $960,190.

(r) The Fund pays a fixed rate based on a notional amount of JPY 100,000,000. The Fund receives a floating rate based on a notional amount of $1,197,891.

(s) The Fund pays a fixed rate based on a notional amount of JPY 62,000,000. The Fund receives a floating rate based on a notional amount of $808,450.

(t) The Fund pays a fixed rate based on a notional amount of JPY 100,000,000. The Fund receives a floating rate based on a notional amount of $1,246,106.

(u) The Fund pays a fixed rate based on a notional amount of JPY 92,000,000. The Fund receives a floating rate based on a notional amount of $1,110,708.

Inflation swap agreement outstanding as of April 30, 2012:

Notional Amount (000)#		Termination Date		Fixed Rate		Description	Fair Value		Upfront Premiums Paid/ (Received)		Unrealized Appreciation		Counterparty
$	1,150		02/22/22		2.655%	U.S. CPI Urban Consumers NSA(a)	$	7,354	$	—	$	7,354	Barclays Bank PLC

(a) Fund pays the floating rate and receives the fixed rate.

# Notional amount is shown in U.S. dollars unless otherwise stated.

See Notes to Financial Statements.

62 Visit our website at www.prudentialfunds.com

Interest rate swap agreements outstanding as of April 30, 2012:

Notional Amount (000)#		Termination Date		Fixed Rate		Floating Rate	Fair Value			Upfront Premiums Paid/ (Received)		Unrealized Appreciation (Depreciation)			Counterparty
$	30,000		02/10/14		NA	3 Month LIBOR(c)	$	12,805		$	—	$	12,805		Deutsche Bank AG
	9,570		08/31/16		0.977%	3 Month LIBOR(a)		(4,223	)		—		(4,223	)	Citibank NA
	9,375		08/31/16		0.975%	3 Month LIBOR(a)		(3,673	)		—		(3,673	)	Barclays Bank PLC
	4,785		08/31/16		0.973%	3 Month LIBOR(a)		(1,386	)		—		(1,386	)	Citibank NA
	4,785		08/31/16		0.977%	3 Month LIBOR(a)		(2,239	)		—		(2,239	)	Citibank NA
	2,995		08/31/16		0.975%	3 Month LIBOR(a)		(1,095	)		—		(1,095	)	JPMorgan Chase Bank NA
	2,995		08/31/16		0.978%	3 Month LIBOR(a)		(1,524	)		—		(1,524	)	JPMorgan Chase Bank NA
	3,100		02/24/17		1.192%	3 Month LIBOR(a)		(23,616	)		—		(23,616	)	Citibank NA
	1,210		11/23/21		2.148%	3 Month LIBOR(a)		(29,254	)		—		(29,254	)	Citibank NA
	340		01/30/22		2.082%	3 Month LIBOR(a)		(4,422	)		—		(4,422	)	Citibank NA
	720		02/07/22		2.056%	3 Month LIBOR(a)		(6,270	)		—		(6,270	)	Citibank NA
	815		02/10/22		2.097%	3 Month LIBOR(a)		(10,024	)		—		(10,024	)	Morgan Stanley Capital Services
	2,300		02/23/22		3.288%	3 Month LIBOR(a)		(17,413	)		—		(17,413	)	Citibank NA
	1,060		04/12/22		2.111%	3 Month LIBOR(b)		9,596			—		9,596		Citibank NA
	815		04/12/22		2.111%	3 Month LIBOR(b)		7,377			—		7,377		Morgan Stanley Capital Services
	720		02/24/42		2.864%	3 Month LIBOR(b)		12,116			—		12,116		Citibank NA
AUD	6,000		09/22/12		3.793%	1 Day AONIA(a)		22,993			—		22,993		Barclays Bank PLC
AUD	1,000		09/07/21		4.945%	6 Month BBSW(b)		40,017			—		40,017		Citibank NA
AUD	1,400		09/22/21		4.900%	6 Month BBSW(b)		50,605			—		50,605		Royal Bank of Scotland
AUD	700		02/14/31		6.110%	6 Month BBSW(b)		137,147			—		137,147		Barclays Bank PLC
AUD	800		08/31/31		5.370%	6 Month BBSW(b)		78,111			—		78,111		Credit Suisse International
AUD	700		08/31/36		5.255%	6 Month BBSW(a)		(77,960	)		—		(77,960	)	Credit Suisse International
AUD	700		09/22/36		4.970%	6 Month BBSW(a)		(46,370	)		—		(46,370	)	Royal Bank of Scotland
AUD	500		02/14/41		5.860%	6 Month BBSW(a)		(121,578	)		—		(121,578	)	Barclays Bank PLC
CAD	3,200		02/22/17		1.708%	3 Month Canadian Banker’s Acceptance(b)		(31,726	)		—		(31,726	)	Citibank NA
CAD	2,100		02/27/17		1.625%	3 Month Canadian Banker’s Acceptance(b)		(29,621	)		—		(29,621	)	Credit Suisse International

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 63

Portfolio of Investments

as of April 30, 2012 (Unaudited) continued

Notional Amount (000)#		Termination Date		Fixed Rate		Floating Rate	Fair Value			Upfront Premiums Paid/ (Received)		Unrealized Appreciation (Depreciation)			Counterparty
CAD	700		02/22/42		2.865%	3 Month Canadian Banker’s Acceptance(a)	$	9,960		$	—	$	9,960		Citibank NA
CHF	1,000		03/01/22		1.030%	6 Month Swiss Franc LIBOR Rate(b)		(1,016	)		—		(1,016	)	Credit Suisse International
CLP	535,000		03/08/17		5.300%	1 Day CLOIS(b)		(8,518	)		—		(8,518	)	Royal Bank of Scotland
CLP	535,000		04/19/17		5.530%	1 Day CLOIS(b)		(5,325	)		—		(5,325	)	Royal Bank of Scotland
CNY	12,000		09/01/12		4.410%	CNDR7D(b)		(30,757	)		—		(30,757	)	Bank of America NA
CNY	12,000		09/01/13		4.220%	CNDR7D(a)		11,728			—		11,728		Bank of America NA
CZK	130,000		03/26/14		1.500%	6 Month PRIBOR(b)		(2,992	)		—		(2,992	)	Barclays Bank PLC
DKK	3,200		03/01/22		2.300%	6 Month CIBOR(b)		2,680			—		2,680		Credit Suisse International
EUR	2,500		03/26/14		1.090%	6 Month EURIBOR(a)		(8,254	)		—		(8,254	)	Barclays Bank PLC
EUR	1,800		03/26/14		0.473%	1 Day EUR EONIA OIS(a)		(7,316	)		—		(7,316	)	Barclays Bank PLC
EUR	3,000		08/19/14		1.065%	1 Day EUR EONIA OIS(b)		76,815			—		76,815		HSBC Bank USA NA
EUR	1,300		08/04/16		1.925%	1 Day EUR EONIA OIS(b)		105,403			—		105,403		HSBC Bank USA NA
EUR	1,000		08/29/16		1.600%	1 Day EUR EONIA OIS(b)		58,792			—		58,792		HSBC Bank USA NA
EUR	500		08/30/16		1.560%	1 Day EUR EONIA OIS(b)		28,054			—		28,054		HSBC Bank USA NA
EUR	500		11/04/16		1.310%	1 Day EUR EONIA OIS(b)		18,872			—		18,872		HSBC Bank USA NA
EUR	500		11/07/16		1.265%	6 Month EURIBOR(b)		16,716			—		16,716		HSBC Bank USA NA
EUR	1,000		12/16/16		1.210%	1 Day EUR EONIA OIS(b)		35,518			—		35,518		HSBC Bank USA NA
GBP	5,000		08/03/12		0.548%	1 Day GBP SONIA OIS(a)		(3,042	)		—		(3,042	)	Citibank NA
GBP	500		08/01/16		2.060%	6 Month GBP LIBOR(b)		16,531			—		16,531		Citibank NA
GBP	1,200		08/09/16		1.894%	6 Month GBP LIBOR(b)		25,165			—		25,165		HSBC Bank USA NA

See Notes to Financial Statements.

64 Visit our website at www.prudentialfunds.com

Notional Amount (000)#		Termination Date		Fixed Rate		Floating Rate	Fair Value			Upfront Premiums Paid/ (Received)		Unrealized Appreciation (Depreciation)			Counterparty
GBP	2,600		01/13/32		2.788%	6 Month GBP LIBOR(b)	$	(173,122	)	$	—	$	(173,122	)	Barclays Bank PLC
GBP	500		02/27/42		3.070%	6 Month GBP LIBOR(b)		(22,409	)		—		(22,409	)	HSBC Bank USA NA
ILS	2,000		09/21/21		4.530%	3 Month TELBOR(b)		416			—		416		Barclays Bank PLC
ILS	2,000		10/21/21		4.530%	3 Month TELBOR(b)		(1,139	)		—		(1,139	)	Citibank NA
JPY	165,000		06/13/18		0.778%	6 Month Yen LIBOR(b)		37,212			—		37,212		Barclays Bank PLC
JPY	186,905		05/17/20		1.388%	6 Month Yen LIBOR(b)		141,024			—		141,024		Citibank NA
JPY	90,000		12/20/20		1.353%	6 Month Yen LIBOR(b)		60,693			—		60,693		Citibank NA
JPY	60,000		02/02/21		1.265%	6 Month Yen LIBOR(b)		33,029			—		33,029		Barclays Bank PLC
JPY	96,000		02/16/21		1.365%	6 Month Yen LIBOR(b)		63,349			—		63,349		Barclays Bank PLC
JPY	50,000		06/02/21		1.200%	6 Month Yen LIBOR(b)		23,388			—		23,388		Barclays Bank PLC
JPY	45,000		06/16/21		1.170%	6 Month Yen LIBOR(b)		19,502			—		19,502		Barclays Bank PLC
JPY	40,000		06/28/21		1.123%	6 Month Yen LIBOR(b)		14,294			—		14,294		Barclays Bank PLC
JPY	40,000		07/11/21		1.193%	6 Month Yen LIBOR(b)		17,396			—		17,396		UBS AG
JPY	30,000		07/22/21		1.090%	6 Month Yen LIBOR(b)		9,095			—		9,095		Citibank NA
JPY	50,000		10/04/21		1.013%	6 Month Yen LIBOR(b)		13,930			—		13,930		Royal Bank of Scotland
JPY	40,000		11/14/21		0.975%	6 Month Yen LIBOR(b)		5,574			—		5,574		Credit Suisse International
JPY	410,000		02/23/22		1.530%	6 Month Yen LIBOR(b)		33,958			—		33,958		Citibank NA
JPY	85,500		07/21/24		1.489%	6 Month Yen LIBOR(b)		45,191			—		45,191		Citibank NA
JPY	60,000		07/04/26		1.603%	6 Month Yen LIBOR(b)		30,540			—		30,540		Citibank NA
JPY	70,000		08/02/26		1.534%	6 Month Yen LIBOR(b)		25,214			—		25,214		Citibank NA

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 65

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as of April 30, 2012 (Unaudited) continued

Notional Amount (000)#		Termination Date		Fixed Rate		Floating Rate	Fair Value			Upfront Premiums Paid/ (Received)		Unrealized Appreciation (Depreciation)			Counterparty
JPY	101,900		07/21/30		1.781%	6 Month Yen LIBOR(b)	$	48,949		$	—	$	48,949		Citibank NA
JPY	110,000		08/18/31		1.750%	6 Month Yen LIBOR(b)		33,140			—		33,140		Barclays Bank PLC
JPY	25,000		08/30/31		1.750%	6 Month Yen LIBOR(b)		7,362			—		7,362		Barclays Bank PLC
JPY	240,000		01/18/32		1.638%	6 Month Yen LIBOR(b)		1,222			—		1,222		Barclays Bank PLC
KRW	4,100,000		05/09/12		3.790%	3 Month Certificate of Deposit Rate(a)		(2,051	)		—		(2,051	)	Citibank NA
KRW	4,100,000		05/09/12		3.640%	3 Month Certificate of Deposit Rate(b)		711			—		711		UBS AG
MXN	40,500		07/05/13		5.480%	28 Day Mexican Interbank Rate(b)		27,552			—		27,552		Barclays Bank PLC
MXN	30,000		12/15/16		5.750%	28 Day Mexican Interbank Rate(b)		32,754			—		32,754		Barclays Bank PLC
MXN	8,500		02/01/22		6.490%	28 Day Mexican Interbank Rate(b)		5,749			—		5,749		Barclays Bank PLC
MXN	17,100		02/18/22		6.600%	28 Day Mexican Interbank Rate(b)		21,373			—		21,373		Barclays Bank PLC
MXN	14,000		04/15/22		6.380%	28 Day Mexican Interbank Rate(b)		(3,287	)		—		(3,287	)	JPMorgan Chase Bank NA
MYR	3,000		02/27/17		3.480%	3 Month KLIBOR(b)		(352	)		—		(352	)	Bank of America NA
NOK	21,000		04/12/15		2.830%	6 Month NIBOR(b)		(11,640	)		—		(11,640	)	Royal Bank of Scotland
NOK	6,900		02/27/22		3.600%	6 Month NIBOR(b)		(490	)		—		(490	)	Citibank NA
NZD	3,200		08/18/16		4.173%	3 Month BBR(b)		104,821			—		104,821		Citibank NA
NZD	1,480		03/26/17		3.810%	3 Month BBR(b)		24,456			—		24,456		HSBC Bank USA NA
PLN	4,900		06/27/21		5.390%	6 Month WIBOR(b)		92,305			—		92,305		UBS AG
PLN	5,700		04/12/22		5.030%	6 Month WIBOR(b)		7,305			—		7,305		HSBC Bank USA NA
PLN	3,600		06/27/26		5.280%	6 Month WIBOR(a)		(92,681	)		—		(92,681	)	UBS AG
PLN	4,100		04/12/27		4.810%	6 Month WIBOR(a)		(11,042	)		—		(11,042	)	HSBC Bank USA NA
SEK	13,100		02/27/22		2.520%	3 Month STIBOR(b)		183			—		183		Citibank NA
SEK	5,200		02/27/32		2.640%	3 Month STIBOR(a)		(8,372	)		—		(8,372	)	Citibank NA
SGD	4,500		04/11/13		0.875%	6 Month SOR(a)		(14,298	)		—		(14,298	)	Barclays Bank PLC

See Notes to Financial Statements.

66 Visit our website at www.prudentialfunds.com

Notional Amount (000)#		Termination Date		Fixed Rate		Floating Rate	Fair Value			Upfront Premiums Paid/ (Received)		Unrealized Appreciation (Depreciation)			Counterparty
SGD	4,500		04/21/13		0.755%	6 Month SOR(b)	$	10,253		$	—	$	10,253		Citibank NA
THB	30,000		02/28/17		3.430%	6 Month BKIBOR(b)		(8,422	)		—		(8,422	)	Deutsche Bank AG
THB	35,000		03/19/17		3.700%	6 Month BKIBOR(b)		3,938			—		3,938		Deutsche Bank AG
ZAR	21,000		04/11/17		6.890%	3 Month JIBAR(b)		14,490			—		14,490		Citibank NA
							$	958,450		$	—	$	958,450

(a) Fund pays the fixed rate and receives the floating rate.

(b) Fund pays the floating rate and receives the fixed rate.

(c) Fund pays the floating rate 1 month LIBOR +11.250 basis points and receives the floating rate.

# Notional amount is shown in U.S. dollars unless otherwise stated.

Credit default swap agreements outstanding as of April 30, 2012:

Reference Entity/ Obligation	Termination Date		Fixed Rate		Notional Amount (000)#(4)		Fair Value			Upfront Premiums Paid/ (Received)		Unrealized Appreciation (Depreciation)			Counterparty
Over-the-counter credit default swaps on corporate issues—Buy Protection(1):
American International Group, Inc.		03/20/18		3.700%	$	250	$	(23,458	)	$	—	$	(23,458	)	Deutsche Bank AG
Duke Energy Corp.		03/20/14		0.700%		350		(3,622	)		—		(3,622	)	Goldman Sachs International
Masco Corp.		09/20/13		1.000%		260		994			3,414		(2,420	)	Deutsche Bank AG
R.R. Donnelley & Sons Co.		06/20/14		1.000%		600		41,916			20,663		21,253		Deutsche Bank AG
R.R. Donnelley & Sons Co.		09/20/16		1.000%		450		95,250			35,123		60,127		JPMorgan Chase Bank
Sealed Air Corp.		06/20/13		1.000%		600		(3,139	)		2,916		(6,055	)	Deutsche Bank AG
SLM Corp.		06/20/14		5.000%		510		(22,558	)		42,533		(65,091	)	JPMorgan Chase Bank
Starwood Hotels & Resorts Holdings		03/20/14		7.050%		250		(32,406	)		—		(32,406	)	Deutsche Bank AG
Toll Brothers Finance Corp.		03/20/15		1.000%		420		(1,410	)		1,418		(2,828	)	Credit Suisse International
Viacom, Inc.		06/20/14		1.000%		500		(7,132	)		16,793		(23,925	)	Citibank NA
Westvaco Corp.		09/20/19		1.000%		450		10,827			6,544		4,283		JPMorgan Chase Bank
							$	55,262		$	129,404	$	(74,142	)

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 67

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as of April 30, 2012 (Unaudited) continued

Reference Entity/ Obligation	Termination Date		Fixed Rate		Notional Amount (000)#(4)		Fair Value(5)			Upfront Premiums Paid/ (Received)			Unrealized Appreciation		Counterparty
Over-the-counter credit default swaps on credit indices—Sell Protection(2):
CDX.NA.HY.17.V4		12/20/16		5.000%	$	2,425	$	(38,527	)	$	(49,847	)	$	11,320	Barclays Bank PLC

Reference Entity/ Obligation	Termination Date		Fixed Rate		Notional Amount (000)#(4)		Fair Value		Upfront Premiums Paid/ (Received)		Unrealized Depreciation			Counterparty
Over-the-counter credit default swaps on sovereign issues—Buy Protection(1):
Republic of Hungary		03/20/13		1.000%	$	7,000	$	153,903	$	331,235	$	(177,332	)	Citibank NA
Republic of Hungary		03/20/13		1.000%		1,000		21,986		46,486		(24,500	)	Barclays Bank PLC
							$	175,889	$	377,721	$	(201,832	)

Reference Entity/ Obligation	Termination Date		Fixed Rate		Notional Amount (000)#(4)		Implied Credit Spread at April 30, 2012(3)			Fair Value			Upfront Premiums Paid/ (Received)			Unrealized Appreciation (Depreciation)			Counterparty
Over-the-counter credit default swaps on sovereign issues—Sell Protection(2):
Ireland Government Bond		12/20/14		1.000%	$	2,000		5.994	%	$	(231,587	)	$	(399,762	)	$	168,175		HSBC Bank USA NA
Kingdom of Netherlands		12/20/14		1.000%		5,000		0.825	%		28,674			(556	)		29,230		Barclays Bank PLC
Kingdom of Netherlands		06/20/17		0.250%		2,000		1.235	%		(96,388	)		(92,164	)		(4,224	)	Barclays Bank PLC
Republic of Austria		12/20/15		1.000%		2,250		1.403	%		(29,259	)		(44,845	)		15,586		Citibank NA
Republic of France		03/20/14		0.250%		5,000		1.207	%		(87,921	)		(66,081	)		(21,840	)	Barclays Bank PLC
Republic of France		06/20/15		0.250%		5,000		1.496	%		(188,211	)		(176,315	)		(11,896	)	Barclays Bank PLC
Republic of France		12/20/16		0.250%		4,500		1.837	%		(310,093	)		(353,862	)		43,769		Citibank NA
Republic of France		12/20/16		1.000%		1,000		1.837	%		(68,035	)		(31,892	)		(36,143	)	UBS AG
Republic of France		06/20/17		0.250%		2,500		1.938	%		(200,570	)		(194,311	)		(6,259	)	Barclays Bank PLC
Republic of France		03/20/22		0.250%		1,250		2.176	%		(192,138	)		(167,253	)		(24,885	)	Morgan Stanley Capital Services

See Notes to Financial Statements.

68 Visit our website at www.prudentialfunds.com

Reference Entity/ Obligation	Termination Date		Fixed Rate		Notional Amount (000)#(4)		Implied Credit Spread at April 30, 2012(3)			Fair Value			Upfront Premiums Paid/ (Received)			Unrealized Appreciation (Depreciation)			Counterparty
Republic of Germany		06/20/17		0.250%	$	2,000		0.863	%	$	(60,472	)	$	(58,163	)	$	(2,309	)	HSBC Bank USA NA
Republic of Ireland		03/20/13		1.000%		2,000		4.951	%		(65,981	)		(160,925	)		94,944		Morgan Stanley Capital Services
Republic of Italy		12/20/16		1.000%		2,000		4.372	%		(264,622	)		(293,423	)		28,801		UBS AG
Republic of Portugal		12/20/13		1.000%		1,000		10.996	%		(144,666	)		(220,692	)		76,026		HSBC Bank USA NA
Republic of Portugal		03/20/14		1.000%		400		11.364	%		(67,374	)		(123,989	)		56,615		Morgan Stanley Capital Services
Republic of Portugal		12/20/14		1.000%		1,500		11.204	%		(323,437	)		(412,057	)		88,620		Barclays Bank
										$	(2,302,080	)	$	(2,796,290	)	$	494,210

The Fund entered into credit default swaps as the protection seller on credit indices and sovereign issues to take an active short position with respect to the likelihood of a particular issuer’s default or the referenced entity’s credit soundness.

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

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

(3) Implied credit spreads, represented in absolute terms, utilized in determining the fair value of credit default swap agreements on corporate issues or sovereign issues of an emerging country as of the reporting date serve as an indicator of the current status of the payment/performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include up-front payments required to be made to enter into the agreement. Wider credit

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 69

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as of April 30, 2012 (Unaudited) continued

spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement.

(4) Notional amount represents the maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

(5) The fair value of credit default swap agreements on asset-backed securities and credit indices serves as an indicator of the current status of the payment/performance risk and represents the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the reporting date. Increasing fair value in absolute terms, represents a deterioration of the referenced entity’s credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement.

# Notional amount is shown in U.S. dollars unless otherwise stated.

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 generally for securities actively traded on a regulated securities exchange and for open-end mutual funds which trade at daily net asset value.

Level 2—other significant observable inputs (including, but not limited to, quoted prices for similar securities, interest rates, prepayment speeds, foreign currency exchange rates and amortized cost) generally for debt securities, swaps, forward foreign currency contracts and for foreign stocks priced using vendor modeling tools.

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

The following is a summary of the inputs used as of April 30, 2012 in valuing such portfolio securities:

	Level 1		Level 2		Level 3
Investments in Securities
Foreign Bonds	$	—	$	143,210,914	$	2,231,406
Asset-Backed Securities
Non-Residential Mortgage-Backed Securities		—		7,765,099		443,572
Residential Mortgage-Backed Securities		—		8,110,628		—
Bank Loans		—		3,941,818		296,620
Commercial Mortgage-Backed Securities		—		14,194,690		—
Corporate Bonds		—		63,116,247		—
Municipal Bonds		—		4,409,047		—

See Notes to Financial Statements.

70 Visit our website at www.prudentialfunds.com

	Level 1			Level 2			Level 3
U.S. Treasury Securities	$	—		$	2,752,494		$	—
Preferred Stock		106,520			—			—
Affiliated Money Market Mutual Fund		5,676,110			—			—
Options Purchased		7,004			2,736,377			—
Options Written		(8,016	)		—			—
Other Financial Instruments*
Futures		270,614			—			—
Forward Foreign Currency Contracts		—			1,286,327			—
Currency Swap Agreements		—			(416,856	)		—
Inflation Rate Swap Agreement		—			7,354			—
Interest Rate Swap Agreements		—			958,450			—
Credit Default Swap Agreements		—			233,178			(3,622	)
Total	$	6,052,232		$	252,305,767		$	2,967,976

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

	Foreign Bonds			Non- Residential Mortgage- Backed Securities			Bank Loans			Credit Default Swaps
Balance as of 10/31/11	$	2,286,189		$	1,122,343		$	437,679		$	(3,481	)
Realized gain (loss)		—			—			—			—	**
Change in unrealized appreciation (depreciation)***		(54,783	)		(7,483	)		6,303			(141	)
Purchases		—			—			—			—
Sales		—			(179,833	)		(1,478	)		—
Accrued discount/premium		—			2,060			—			—
Transfers into Level 3		—			—			—			—
Transfers out of Level 3		—			(493,515	)		(145,884	)		—
Balance as of 04/30/12	$	2,231,406		$	443,572		$	296,620		$	(3,622)

* Other financial instruments are derivative instruments not reflected in the Portfolio of Investments, such as futures, forwards and swap contracts, which are recorded at the unrealized appreciation/depreciation on the instrument.

** The realized loss incurred during the period for the other financial instruments was $1,239.

*** Of which, $(55,437) was included in Net Assets relating to securities held at the reporting period end.

It is the Fund���s policy to recognize transfers in and transfers out at the fair value as of the beginning of period. At the reporting period end, there was one non-residential

See Notes to Financial Statements.

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mortgage-backed security transferred out of Level 3 as a result of the security no longer being fair valued in accordance with the Board of Directors’ approval and one bank loan transferred out of Level 3 as a result of the security no longer using a single broker quote.

The industry classification of portfolio holdings and other assets in excess of liabilities shown as a percentage of net assets as of April 30, 2012 was as follows:

Sovereigns	40.7	%
Banking	9.3
Non-Corporate Foreign Agencies	6.9
Commercial Mortgage-Backed Securities	5.4
Non-Residential Mortgage-Backed Securities	3.1
Residential Mortgage-Backed Securities	3.1
Foods	2.3
Affiliated Money Market Mutual Fund	2.2
Metals	1.8
Municipal Bonds	1.7
Cable	1.6
Media & Entertainment	1.6
Non-Captive Finance	1.6
Telecommunications	1.4
Insurance	1.3
Capital Goods	1.2
Electric	1.2
Healthcare & Pharmaceutical	1.1
Options Purchased	1.0
Technology	1.0
U.S. Treasury Securities	1.0
Chemicals	0.7
Energy—Other	0.7	%
Gaming	0.7
Retailers	0.6
Paper	0.5
Pipelines & Other	0.5
Tobacco	0.5
Automotive	0.4
Healthcare Insurance	0.4
Lodging	0.4
Real Estate Investment Trusts	0.4
Airlines	0.3
Building Materials & Construction	0.3
Consumer	0.3
Packaging	0.3
Aerospace & Defense	0.2
Energy—Integrated	0.2
Foreign Local Government	0.2
	98.1
Other assets in excess of liabilities	1.9
Net Assets	100.0	%

See Notes to Financial Statements.

72 Visit our website at www.prudentialfunds.com

The Fund invested in derivative instruments during the reporting period. The primary types of risk associated with these derivative instruments are credit risk, foreign exchange risk and interest rate risk. The effect of such derivative instruments on the Fund’s financial position and financial performance as reflected in the Statement of Assets and Liabilities and Statement of Operations is presented in the summary below.

Fair values of derivative instruments as of April 30, 2012 as presented in the Statement of Assets and Liabilities:

Derivatives not designated as hedging instruments, carried at fair value	Asset Derivatives				Liability Derivatives
	Balance Sheet Location	Fair Value			Balance Sheet Location	Fair Value
Credit contracts	Unrealized appreciation on swap agreements	$	698,749		Unrealized depreciation on swap agreements	$	469,193
Credit contracts	Premiums paid for swap agreements		507,125		Premiums received for swap agreements		2,846,137
Foreign exchange contracts	Unaffiliated investments		2,736,377		—		—
Foreign exchange contracts	Unrealized appreciation on forward foreign currency contracts		5,772,684		Unrealized depreciation on forward foreign currency contracts		4,486,357
Interest rate contracts	Unaffiliated investments		7,004		Options written outstanding, at value		8,016
Interest rate contracts	Due from broker— variation margin		374,137	*	Due from broker— variation margin		103,523	*
Interest rate contracts	Unrealized appreciation on swap agreements		2,007,254		Unrealized depreciation on swap agreements		1,458,306
Interest rate contracts	Premiums paid for swap agreements		857		Premiums received for swap agreements		720,218
Total		$	12,104,187			$	10,091,750

* Includes cumulative appreciation/depreciation on futures contracts as reported in the Portfolio of Investments. Only unsettled variation margin receivable (payable) is reported within the Statement of Assets and Liabilities.

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 73

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as of April 30, 2012 (Unaudited) continued

The effects of derivative instruments on the Statement of Operations for the six months ended April 30, 2012 are as follows:

Amount of Realized Gain or (Loss) on Derivatives Recognized in Income
Derivatives not designated as hedging instruments, carried at fair value	Options Purchased			Options Written			Futures			Forward Currency Contracts			Swaps		Total
Credit contracts	$	—		$	—		$	—		$	—		$	259,733	$	259,733
Foreign exchange contracts		(561,715	)		—			—			(4,615,108	)		—		(5,176,823	)
Interest rate contracts		432,548			(54,114	)		(550,133	)		—			1,098,462		926,763
	$	(129,167	)	$	(54,114	)	$	(550,133	)	$	(4,615,108	)	$	1,358,195	$	(3,990,327	)

Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income
Derivatives not designated as hedging instruments, carried at fair value	Options Purchased			Options Written			Futures		Forward Currency Contracts		Swaps			Total
Credit contracts	$	—		$	—		$	—	$	—	$	111,422		$	111,422
Foreign exchange contracts		(118,093	)		—			—		861,092		—			742,999
Interest rate contracts		(6,897	)		(2,237	)		420,174		—		(95,147	)		315,893
	$	(124,990	)	$	(2,237	)	$	420,174	$	861,092	$	16,275		$	1,170,314

For the six months ended April 30, 2012, the Fund’s average volume of derivative activities are as follows:

Options Purchased (Cost)		Options Written (Premiums Received)		Futures Long Positions (Value at Trade Date)		Futures Short Positions (Value at Trade Date)		Forward Currency Contracts— Purchased (Value at Settlement Date Payable)		Forward Currency Contracts— Sold (Value at Settlement Date Receivable)
$	2,196,804	$	1,926	$	53,222,815	$	25,032,870	$	306,980,410	$	192,178,317

Currency Swaps (Notional Amount in USD (000))		Inflation Swap (Notional Amount in USD (000))		Interest Rate Swaps (Notional Amount in USD (000))		Credit Default Swaps as Buyer (Notional Amount in USD (000))		Credit Default Swaps as Writer (Notional Amount in USD (000))
$	14,907	$	991	$	192,206	$	10,440	$	26,285

See Notes to Financial Statements.

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Financial Statements

(Unaudited)

APRIL 30, 2012 SEMIANNUAL REPORT

Prudential Global Total Return Fund, Inc.

Statement of Assets and Liabilities

as of April 30, 2012 (Unaudited)

Assets
Investments at value:
Unaffiliated Investments (cost $244,781,503)	$	253,322,436
Affiliated Investments (cost $5,676,110)		5,676,110
Cash		581,047
Foreign currency, at value (cost $232,526)		232,554
Unrealized appreciation on forward foreign currency contracts		5,772,684
Receivable for investments sold		3,791,066
Dividends and interest receivable		3,480,990
Unrealized appreciation on swap agreements		2,706,003
Receivable for Fund shares sold		1,304,040
Premiums paid for swap agreements		507,982
Due from broker—variation margin		82,461
Prepaid expenses		836
Foreign tax reclaim receivable		706
Total assets		277,458,915
Liabilities
Unrealized depreciation on forward foreign currency contracts		4,486,357
Premiums received for swap agreements		3,566,355
Payable for investments purchased		2,349,803
Unrealized depreciation on swap agreements		1,927,499
Payable for Fund shares reacquired		592,048
Dividends payable		186,572
Accrued expenses		154,265
Management fee payable		136,489
Distribution fee payable		61,442
Affiliated transfer agent fee payable		18,176
Options written outstanding, at value (premiums received $5,779)		8,016
Total liabilities		13,487,022
Net Assets	$	263,971,893
Net assets were comprised of:
Common stock, at par	$	381,932
Paid-in capital in excess of par		267,960,323
		268,342,255
Distributions in excess of net investment income		(2,088,550	)
Accumulated net realized loss on investment and foreign currency transactions		(13,116,220	)
Net unrealized appreciation on investments and foreign currencies		10,834,408
Net assets, April 30, 2012	$	263,971,893

See Notes to Financial Statements.

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Class A
Net asset value and redemption price per share ($166,903,920 ÷ 24,162,132 shares of common stock issued and outstanding)	$	6.91
Maximum sales charge (4.50% of offering price)		0.33
Maximum offering price to public	$	7.24
Class B
Net asset value, offering price and redemption price per share ($5,837,259 ÷ 845,035 shares of common stock issued and outstanding)	$	6.91
Class C
Net asset value, offering price and redemption price per share ($29,470,182 ÷ 4,276,073 shares of common stock issued and outstanding)	$	6.89
Class Q
Net asset value, offering price and redemption price per share ($10,039 ÷ 1,448 shares of common stock issued and outstanding)	$	6.93
Class Z
Net asset value, offering price and redemption price per share ($61,750,493 ÷ 8,908,500 shares of common stock issued and outstanding)	$	6.93

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 77

Statement of Operations

Six Months Ended April 30, 2012 (Unaudited)

Net Investment Income
Income
Interest (net of foreign withholding taxes of $14,793)	$	5,329,427
Affiliated dividend income		7,744
Unaffiliated dividend income		3,938
Total income		5,341,109
Expenses
Management fee		755,468
Distribution fee—Class A		194,513
Distribution fee—Class B		26,489
Distribution fee—Class C		120,219
Transfer agent’s fees and expenses (including affiliated expense of $42,300)		164,000
Custodian’s fees and expenses		136,000
Registration fees		47,000
Reports to shareholders		33,000
Audit fee		27,000
Legal fees and expenses		12,000
Directors’ fees		7,000
Insurance		2,000
Loan interest expense (Note 7)		1,660
Miscellaneous		7,896
Total expenses		1,534,245
Net investment income		3,806,864
Realized And Unrealized Gain (Loss) On Investment And Foreign Currency Transactions
Net realized gain (loss) on:
Investment transactions		923,381
Foreign currency transactions		(4,791,253	)
Financial futures transactions		(550,133	)
Swap agreement transactions		1,358,195
Options written transactions		(54,114	)
		(3,113,924	)
Net change in unrealized appreciation (depreciation) on:
Investments		1,842,679
Foreign currencies		867,833
Financial futures contracts		420,174
Swap agreements		16,275
Options written		(2,237	)
		3,144,724
Net gain on investment and foreign currency transactions		30,800
Net Increase In Net Assets Resulting From Operations	$	3,837,664

See Notes to Financial Statements.

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Statement of Changes in Net Assets

(Unaudited)

	Six Months Ended April 30, 2012			Year Ended October 31, 2011
Increase (Decrease) In Net Assets
Operations
Net investment income	$	3,806,864		$	4,902,158
Net realized gain (loss) on investment and foreign currency transactions		(3,113,924	)		4,224,756
Net change in unrealized appreciation (depreciation) on investments and foreign currencies		3,144,724			(3,557,695	)
Net increase in net assets resulting from operations		3,837,664			5,569,219
Dividends from net investment income (Note 1)*
Class A		(4,178,282	)		(11,986,132	)
Class B		(120,080	)		(287,550	)
Class C		(533,635	)		(672,964	)
Class Q		(93	)		—
Class Z		(1,285,524	)		(833,079	)
		(6,117,614	)		(13,779,725	)
Fund share transactions (Net of share conversions) (Note 6)
Net proceeds from shares sold		92,210,468			121,323,623
Net asset value of shares issued in reinvestment of dividends		4,526,075			10,491,832
Cost of shares reacquired		(51,296,838	)		(40,769,594	)
Net increase in net assets from Fund share transactions		45,439,705			91,045,861
Total increase		43,159,755			82,835,355
Net Assets
Beginning of period		220,812,138			137,976,783
End of period(a)	$	263,971,893		$	220,812,138
(a) Includes undistributed net investment income of:	$	—		$	222,200

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

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 79

Notes to Financial Statements

(Unaudited)

Prudential Global Total Return Fund, Inc. (the “Fund”) is an open-end management investment company, registered under the Investment Company Act of 1940, as amended, (“1940 Act”). The Fund’s investment objective is to seek total return made up of current income and capital appreciation. The Fund is a non-diversified fund.

Note 1. Accounting Policies

The following is a summary of significant accounting policies followed by the Fund in the preparation of its financial statements.

Security Valuation: In valuing the Fund’s assets, quotations of foreign securities in a foreign currency are converted to U.S. dollar equivalents at the then current currency value. Securities listed on a securities exchange (other than options on securities and indices) are valued at the last sale price on such exchange or market on the day of valuation or, if there was no sale on such a day, at the mean between the last reported bid and asked prices, or at the last bid price on such day in the absence of an asked price. Securities that are actively traded via NASDAQ are valued at the NASDAQ official closing price (“NOCP”) on the day of valuation, or if there was no NOCP, at the last sales price. Securities that are actively traded in the over-the-counter market, including listed securities for which the primary market is believed by Prudential Investments LLC (“PI” or “Manager”), in consultation with the subadvisor, to be over-the-counter, are valued at market value using prices provided by an independent pricing agent or principal market maker. Corporate bonds, U.S. government securities and convertible debt securities traded in the over-the-counter market, including securities listed on exchanges whose primary market is believed to be over-the-counter, are valued at market value using prices provided by an independent pricing agent or principal market maker. Options on securities and indices traded on an exchange are valued at the last sale price as of the close of trading on the applicable exchange or, if there was no sale, at the mean between the most recently quoted bid and asked prices on such exchange. Future contracts and options thereon traded on a commodities exchange or board of trade are valued at the last sale price at the close of trading on such exchange or board of trade or, if there was no sale on the applicable commodities exchange or board of trade on such day, at the mean between the most recently quoted prices on such exchange or board of trade or at the last bid price in the absence of an asked price. Prices may be obtained from independent pricing services which use information provided by market makers or estimates of market values obtained from yield data relating to

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investments or securities with similar characteristics. Securities for which reliable market quotations are not readily available, or whose values have been affected by events occurring after the close of the security’s foreign market and before the Fund’s normal pricing time, are valued at fair value in accordance with Board of Directors’ approved fair valuation procedures. 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. Using fair value to price securities may result in a value that is different from a security’s most recent closing price and from the price used by other mutual funds to calculate their net asset values.

Investments in open-end, non-exchange-traded mutual funds are valued at their net asset value as of the close of the New York Stock Exchange on the date of the valuation.

Short-term debt securities of sufficient credit quality, which mature in sixty days or less, 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 the difference between the principal amount due at maturity and cost. Short-term debt securities, which mature in more than sixty days, are valued at fair value.

Restricted Securities: The Fund may hold up to 15% of its net assets in illiquid securities, including those which are restricted as to disposition under securities law (“restricted securities”). Restricted securities held by the Fund at the end of the fiscal period may include registration rights under which the Fund may demand registration by the issuer, of which the Fund may bear the cost of such registration. Restricted securities are valued pursuant to the valuation procedures noted above.

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

(i) market value of investment securities, other assets and liabilities-at the current rates of exchange.

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

Prudential Global Total Return Fund, Inc. 81

Notes to Financial Statements

(Unaudited) continued

Although the net assets of the Fund are presented at the foreign exchange rates and market values at the close of the period, the Fund does not isolate that portion of the results of operations arising as a result of changes in the foreign exchange rates from the fluctuations arising from changes in the market prices of long-term portfolio securities held at the end of the period. Similarly, the Fund does not isolate the effect of changes in foreign exchange rates from the fluctuations arising from changes in the market prices of long-term portfolio securities sold during the period. Accordingly, these realized foreign currency gains or losses are included in the reported net realized gains or losses on investment transactions.

Net realized gains or losses on foreign currency transactions represent net foreign exchange gains or losses from sales and maturities of short-term securities and forward currency contracts, disposition of foreign currencies, currency gains or losses realized between the trade and settlement dates on securities transactions, and the difference between the amounts of interest, discount and foreign withholding taxes recorded on the Fund’s books and the U.S. dollar equivalent amounts actually received or paid. Net unrealized currency gains or losses from valuing foreign currency denominated assets and liabilities (other than investments) at period end exchange rates are reflected as a component of net unrealized appreciation (depreciation) on foreign currencies.

Concentration of Risk: The ability of issuers of debt securities (other than those issued or guaranteed by the U.S. Government) held by the Fund to meet its obligations may be affected by the economic or political developments in a specific industry, region or country. Foreign security and currency transactions may involve certain considerations and risks not typically associated with those of U.S. companies as a result of, among other factors, the possibility of political or economic instability or the level of governmental supervision and regulation of foreign securities markets.

Financial Futures Contracts: A financial futures contract is an agreement to purchase (long) or sell (short) an agreed amount of securities at a set price for delivery on a future date. Upon entering into a financial futures contract, the Fund is required to pledge to the broker an amount of cash and/or other assets equal to a certain percentage of the contract amount. This amount is known as the “initial margin.” Subsequent payments, known as “variation margin,” are made or received by the Fund each day, depending on the daily fluctuations in the value of the underlying security. Such variation margin is recorded for financial statement purposes on a daily

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basis as unrealized gain (loss). When the contract expires or is closed, the gain (loss) is realized and is presented in the Statement of Operations as net realized gain (loss) on financial futures transactions.

��

The Fund invested in financial futures contracts in order to hedge its existing portfolio securities, or securities the Fund intends to purchase, against fluctuations in value caused by changes in prevailing interest rates or foreign currency exchange rates. Should interest rates move unexpectedly, the Fund may not achieve the anticipated benefits of the financial futures contracts and may realize a loss. The use of futures transactions involves the risk of imperfect correlation in movements in the price of futures contracts, interest rates and the underlying hedged assets. Financial futures contracts involve elements of risk in excess of the amounts reflected on the Statement of Assets and Liabilities.

Forward Currency Contracts: A forward currency contract is a commitment to purchase or sell a foreign currency at a future date at a negotiated forward rate between two parties. The Fund enters into forward currency contracts in order to hedge its exposure to changes in foreign currency exchange rates on its foreign portfolio holdings or specific receivables and payables denominated in a foreign currency. The contracts are valued daily at current exchange rates and any unrealized gain or loss is included in net unrealized appreciation or depreciation on foreign currencies. Gain or loss is realized on the settlement date of the contract equal to the difference between the settlement value of the original and negotiated forward contracts. This gain or loss, if any, is included in net realized gain (loss) on foreign currency transactions. Risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of their contracts. Forward currency contracts involve risks from currency exchange rate and credit risk in excess of the amounts reflected on the Statement of Assets and Liabilities. The Fund’s maximum risk of loss from counterparty credit risk is the net value of the cash flows to be received from the counterparty at the end of the contract’s life. A master netting arrangement between the Fund and the counterparty permits the Fund to offset amounts payable by the Fund to the same counterparty against amounts to be received; and by the receipt of collateral from the counterparty by the Fund to cover the Fund’s exposure to the counterparty. However, there is no assurance that such mitigating factors are easily enforceable.

Options: The Fund purchased and wrote options in order to hedge against adverse market movements or fluctuations in value caused by changes in prevailing interest rates or foreign currency exchange rates, with respect to securities which the Fund currently owns or intends to purchase. The Fund’s principal reason for writing options is to realize, through receipt of premiums, a greater current return than would be

Prudential Global Total Return Fund, Inc. 83

Notes to Financial Statements

(Unaudited) continued

realized on the underlying security alone. When the Fund purchases an option, it pays a premium and an amount equal to that premium is recorded as an asset. When the Fund writes an option, it receives a premium and an amount equal to that premium is recorded as a liability. The asset or liability is adjusted daily to reflect the current market value of the option. If an option expires unexercised, the Fund realizes a gain or loss to the extent of the premium received or paid. If an option is exercised, the premium received or paid is recorded as an adjustment to the proceeds from the sale or the cost of the purchase in determining whether the Fund has realized a gain or loss. The difference between the premium and the amount received or paid at the closing of a purchase or sale transaction is also treated as a realized gain or loss. Gain or loss on purchased options is included in net realized gain or loss on investment transactions. Gain or loss on written options is presented separately as net realized gain or loss on options written. The Fund, as writer of an option, may have no control over whether the underlying securities may be sold (called) or purchased (put). As a result, the Fund bears the market risk of an unfavorable change in the price of the security underlying the written option. The Fund, as purchaser of an over-the-counter option, bears the risk of the potential inability of the counterparties to meet the terms of their contracts.

With exchange-traded futures and options contracts, there is minimal counterparty credit risk to the Fund since the exchanges’ clearinghouse acts as counterparty to all exchange traded futures and options and guarantees the futures and options contracts against default.

Swap Agreements: The Fund entered into credit default, interest rate and other forms of swap agreements. A swap agreement is an agreement to exchange the return generated by one instrument for the return generated by another instrument. Swap agreements are negotiated in the over-the-counter market and may be executed either directly with counterparty (“OTC Traded”) or through a central clearing facility, such as a registered commodities exchange (“Exchange Traded”). The swap agreements are valued daily at current market value and any change in value is included in the net unrealized appreciation or depreciation on investments. Payments received or paid by the Fund are recorded as realized gains or losses upon termination or maturity of the swap. Risk of loss may exceed amounts recognized on the Statements of Assets and Liabilities. Swap agreements outstanding at period end, if any, are listed on the Portfolio of Investments.

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

The Fund is subject to credit risk in the normal course of pursuing its investment objectives. The Fund purchased credit default swaps to provide a measure of protection against defaults of the issuers. The Fund’s maximum risk of loss from counterparty credit risk for purchased credit default swaps is the notional value of a credit default swap agreement. A master netting arrangement between the Fund and the counterparty permits the Fund to offset amounts payable by the Fund to the same counterparty against amounts to be received; and by the receipt of collateral from the counterparty by the Fund to cover the Fund’s exposure to the counterparty. However, there is no assurance that such mitigating factors are easily enforceable.

As a seller of protection on credit default swap agreements, the Fund will generally receive from the buyer of protection an agreed upon payment throughout the term of the swap provided that there is no credit event. As the seller, the Fund would effectively increase investment risk to its portfolio because, in addition to its total net assets, the Fund may be subject to investment exposure on the notional amount of the swap.

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

Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues or sovereign issues of an emerging country as of period end are disclosed in the footnotes to the Portfolio of Investments, if applicable, and serve as an indicator of the current status of the payment/performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to

Prudential Global Total Return Fund, Inc. 85

Notes to Financial Statements

(Unaudited) continued

enter into the agreement. For credit default swap agreements on asset-backed securities and credit indices, the quoted market prices and resulting values serve as the indicator of the current status of the payment/performance risk. Wider credits spreads and increasing market value in absolute terms, when compared to the notional amount of the swap, represent a deterioration of the referenced entity’s credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement.

Interest Rate Swaps: Interest rate swaps represent an agreement between counterparties to exchange cash flows based on the difference between two interest rates, applied to a notional principal amount for a specified period. The Fund used interest rate swaps to maintain its ability to generate steady cash flow by receiving a stream of fixed rate payments and to increase exposure to prevailing market rates by receiving floating rate payments using interest rate swap contracts. The Fund is subject to interest rate risk exposure in the normal course of pursuing its investment objectives.

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

Inflation Swaps: The Fund entered into inflation swap agreements to provide a measure of protection against the effect of inflation on yield. Inflation swap agreements involve two parties exchanging cash flows at a later date at rates related to inflation indices.

The Fund’s maximum risk of loss from counterparty credit risk is the discounted net value of the cash flows to be received from the counterparty over the contract’s remaining life. A master netting arrangement between the Fund and the counterparty permits the Fund to offset amounts payable by the Fund to the same counterparty against amounts to be received; and by the receipt of collateral from the counterparty by the Fund to cover the Fund’s exposure to the counterparty. However, there is no assurance that such mitigating factors are easily enforceable.

In addition to each instrument’s primary underlying risk exposure (e.g. interest rate, credit, equity or foreign exchange, etc.), swap agreements involve, to varying degrees,

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elements of credit, market and documentation risk. Such risks involve the possibility that there will be no liquid market for these agreements, that the counterparty to the agreement may default on its obligation to perform or disagree as to the meaning of the contractual terms in the agreement, and that there will be unfavorable changes in net interest rates. In connection with these agreements, securities in the portfolio may be identified as collateral or received as collateral from the counterparty in accordance with the terms of the respective swap agreements to provide or receive assets of value and serve as recourse in the event of default or bankruptcy/insolvency of either party. Such over-the-counter derivative agreements include conditions which when materialized, give the counterparty the right to cause an early termination of the transactions under those agreements. Any election by the counterparty for early termination of the contract(s) may impact the amounts reported on financial statements. As of April 30, 2012, the Fund has not met conditions under such agreements, which give the counterparty the right to call for an early termination.

Forward currency contracts, swaps and financial futures contracts involve elements of both market and credit risk in excess of the amounts reflected on the Statement of Assets and Liabilities.

Lower rated or unrated securities are more likely to react to developments affecting market risk (general market liquidity) and credit risk (an issuer’s inability to meet principal and interest payments on its obligations) than are more highly rated securities, which react primarily to movements in the general level of interest rates. The ability of issuers of debt securities held by the Fund to meet their obligations may be affected by economic developments in a specific industry or region.

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. Dividend income is recorded on the ex-dividend date and interest income is recorded on the accrual basis. The Fund amortizes premiums and accretes discounts on debt securities as adjustments to interest income. Expenses are recorded on the accrual basis. Net investment income or loss (other than distribution fees, which are charged to the respective class) and unrealized and realized gains or losses are allocated daily to each class of shares based upon the relative proportion of adjusted net assets of each class at the beginning of the day.

Dividends and Distributions: The Fund declares dividends from net investment income daily and payment is made monthly. Prior to March 21, 2011, the Fund paid dividends of net investment income quarterly. Distributions of net realized capital and currency gains, if any, are paid annually. Foreign currency losses may reduce the

Prudential Global Total Return Fund, Inc. 87

Notes to Financial Statements

(Unaudited) continued

amount of dividends of net investment income. Dividends and distributions are determined in accordance with federal income tax regulations which may differ from generally accepted accounting principles. Permanent book/tax differences relating to income and gains are reclassified to paid-in capital when they arise.

Taxes: For federal income tax purposes, the Fund is treated as a separate taxpaying entity. 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 its shareholders. Therefore, no federal income tax provision is required. Withholding taxes on foreign interest are recorded, net of reclaimable amounts, at the time the related income is earned.

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 amounts.

Note 2. Agreements

The Fund has a management agreement with 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 .65% of the Fund’s average daily net assets up to $1 billion and .60% of such assets in excess of $1 billion. The effective management fee rate was .65% for the six months ended April 30, 2012.

PI has voluntarily agreed to reimburse the Fund in order to limit operating expenses (excluding distribution and service (12b-1) fees, interest, taxes, brokerage commissions and certain extraordinary expenses) to 1.10% of the Fund’s average daily net assets. For the six months ended April 30, 2012, the Fund did not exceed the 1.10% expense limit.

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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 Q and Class Z shares of the Fund. The Fund compensates PIMS for distributing and servicing the Fund’s Class A, Class B and Class C shares, pursuant to plans of distribution (the “Class A, B and C Plans”), regardless of expenses actually incurred by PIMS. The distribution fees are accrued daily and payable monthly. No distribution or service fees are paid to PIMS as distributor of the Class Q and Class Z shares of the Fund. Pursuant to the Class A, B and C plans, the Fund compensates PIMS for distribution related activities at an annual rate of up to .30%, 1% and 1% of the average daily net assets of the Class A, B, and C shares, respectively. Through February 28, 2013, PIMS has contractually agreed to limit such fees to .25% of the average daily net assets of the Class A shares.

PIMS has advised the Fund that it has received $200,350 in front-end sales charges resulting from sales of Class A shares during the six months ended April 30, 2012. From these fees, PIMS paid such sales charges to affiliated broker-dealers, which in turn paid commissions to salespersons and incurred other distribution costs.

PIMS has advised the Fund that for the six months ended April 30, 2012, it received $4,003 and $6,902 in contingent deferred sales charges imposed upon redemptions by certain Class B and Class C shareholders, respectively.

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 expenses paid to non-affiliates, where applicable.

The Fund invests in the Prudential Core Taxable Money Market Fund (the “Core Fund”), a series of the Prudential Investment Portfolios 2, registered under the 1940 Act, as amended, and managed by PI. Earnings from the Core Fund are disclosed on the Statement of Operations as affiliated dividend income.

Note 4. Portfolio Securities

Purchases and sales of portfolio securities, other than short-term investments and U.S. Government securities, for the six months ended April 30, 2012, were $136,519,741 and $102,998,741, respectively.

Prudential Global Total Return Fund, Inc. 89

Notes to Financial Statements

(Unaudited) continued

Transactions in options written during the six months ended April 30, 2012, were as follows:

	Contracts			Premiums Received
Options outstanding at October 31, 2011		—		$	—
Options written		136			61,418
Options terminated in closing purchase transactions		(96	)		(19,352	)
Options expired		(36	)		(36,287	)
Options outstanding at April 30, 2012		4		$	5,779

Note 5. Tax Information

The United States federal income tax basis of the Fund’s investments and the net unrealized appreciation as of April 30, 2012 were as follows:

Tax Basis	Appreciation	Depreciation	Net Unrealized Appreciation
$252,725,162	$9,073,793	$(2,800,409)	$6,273,384

The difference between book and tax basis is primarily attributable to the deferred losses on wash sales, deferred losses on foreign currencies and difference in the treatment of amortization of premiums as of the most recent fiscal year end.

For the federal income tax purposes, the Fund had a capital loss carryforward as of October 31, 2011, of approximately $9,371,000 of which $1,849,000 expires in 2014, $280,000 expires in 2015, $4,767,000 expires in 2016 and $2,475,000 expires in 2017. The Fund utilized approximately $403,000 of its capital loss carryforward to offset net taxable gains realized in the year ended October 31, 2011. Accordingly, no capital gains distributions are expected to be paid to shareholders until net gains have been realized in excess of such carryforward. Under the recently enacted Regulated Investment Company Modernization Act of 2010 (“the Act”), the Fund is permitted to carryforward capital losses incurred in taxable years beginning after December 22, 2010 (“post-enactment losses”) for an unlimited period. However, any post-enactment losses are required to be utilized before the utilization of losses incurred prior to the effective date of the Act. As a result of this ordering rule, capital loss carryforwards related to the taxable years beginning prior to the effective date of the

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Act may have an increased likelihood to expire unused. Additionally, post-enactment capital losses that are carried forward will retain their character as either short-term or long-term capital losses rather than being considered all short-term as under previous law.

Management has analyzed the Fund’s tax positions taken on federal income tax returns for all open tax years and has concluded that no provision for income tax is required in the Fund’s financial statements for the current reporting period. 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. Capital

The Fund offers Class A, Class B, Class C, Class Q and Class Z shares. Class A shares are sold with a front-end sales charge of up to 4.50%. All investors who purchase Class A shares in an amount of $1 million or more and sell these shares within 12 months of purchase are subject to a contingent deferred sales charge (“CDSC”) of 1%, although the CDSC is waived for purchases by certain retirement and/or benefit plans. Class B shares are sold with a CDSC which declines from 5% to zero depending on the period of time the shares are held. Class B shares automatically convert to Class A shares on a quarterly basis approximately seven years after purchase. Class C shares are sold with a CDSC of 1% on shares redeemed within the first 12 months after purchase. A special exchange privilege is also available for shareholders who qualified to purchase Class A shares at net asset value. Class Q and Class Z shares are not subject to any sales or redemption charge and are offered exclusively for sale to a limited group of investors.

Under certain circumstances, an exchange may be made from specified share classes of the Fund to one or more other share classes of the Fund as presented in the table of transactions in shares of common stock.

There are 2 billion authorized shares of common stock at $.01 par value per share, designated Class A, Class B, Class C, Class Q and Class Z, each of which consists of 500 million, 200 million, 400 million, 400 million and 500 million authorized shares, respectively.

Prudential Global Total Return Fund, Inc. 91

Notes to Financial Statements

(Unaudited) continued

Transactions in shares of common stock were as follows:

Class A	Shares			Amount
Six months ended April 30, 2012:
Shares sold		6,226,390		$	42,304,862
Shares issued in reinvestment of dividends		489,238			3,305,850
Shares reacquired		(4,627,338	)		(31,181,349	)
Net increase (decrease) in shares outstanding before conversion		2,088,290			14,429,363
Shares issued upon conversion from Class B and Z		37,824			257,144
Shares reacquired upon conversion into Class Z		(5,161	)		(35,271	)
Net increase (decrease) in shares outstanding		2,120,953		$	14,651,236
Year ended October 31, 2011:
Shares sold		7,683,370		$	53,906,696
Shares issued in reinvestment of dividends		1,390,175			9,175,646
Shares reacquired		(3,453,560	)		(23,759,306	)
Net increase (decrease) in shares outstanding before conversion		5,619,985			39,323,036
Shares issued upon conversion from Class B and Z		81,431			565,187
Shares reacquired upon conversion into Class Z		(313,082	)		(2,212,938	)
Net increase (decrease) in shares outstanding		5,388,334		$	37,675,285
Class B
Six months ended April 30, 2012:
Shares sold		222,760		$	1,515,068
Shares issued in reinvestment of dividends		11,917			80,397
Shares reacquired		(74,515	)		(505,304	)
Net increase (decrease) in shares outstanding before conversion		160,162			1,090,161
Shares reacquired upon conversion into Class A		(33,189	)		(225,963	)
Net increase (decrease) in shares outstanding		126,973		$	864,198
Year ended October 31, 2011:
Shares sold		442,894		$	3,077,125
Shares issued in reinvestment of dividends		33,384			219,464
Shares reacquired		(137,775	)		(945,525	)
Net increase (decrease) in shares outstanding before conversion		338,503			2,351,064
Shares reacquired upon conversion into Class A		(67,402	)		(467,056	)
Net increase (decrease) in shares outstanding		271,101		$	1,884,008

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Class C	Shares			Amount
Six months ended April 30, 2012:
Shares sold		1,801,013		$	12,250,744
Shares issued in reinvestment of dividends		55,032			370,895
Shares reacquired		(361,364	)		(2,445,065	)
Net increase (decrease) in shares outstanding before conversion		1,494,681			10,176,574
Shares reacquired upon conversion into Class Z		(2,887	)		(19,836	)
Net increase (decrease) in shares outstanding		1,491,794		$	10,156,738
Year ended October 31, 2011:
Shares sold		2,284,453		$	15,761,032
Shares issued in reinvestment of dividends		80,049			529,276
Shares reacquired		(417,012	)		(2,853,362	)
Net increase (decrease) in shares outstanding		1,947,490		$	13,436,946
Class Q
Period ended April 30, 2012*:
Shares sold		1,435		$	10,000
Shares issued in reinvestment of dividends		13			93
Net increase (decrease) in shares outstanding		1,448		$	10,093
Class Z
Six months ended April 30, 2012:
Shares sold		5,276,881		$	36,129,794
Shares issued in reinvestment of dividends		113,226			768,840
Shares reacquired		(2,521,667	)		(17,165,120	)
Net increase (decrease) in shares outstanding before conversion		2,868,440			19,733,514
Shares issued upon conversion from Class A and C		8,016			55,107
Shares reacquired upon conversion into Class A		(4,612	)		(31,181	)
Net increase (decrease) in shares outstanding		2,871,844		$	19,757,440
Year ended October 31, 2011:
Shares sold		6,896,780		$	48,578,770
Shares issued in reinvestment of dividends		84,288			567,446
Shares reacquired		(1,911,714	)		(13,211,401	)
Net increase (decrease) in shares outstanding before conversion		5,069,354			35,934,815
Shares issued upon conversion from Class A		312,475			2,212,938
Shares reacquired upon conversion into Class A		(14,089	)		(98,131	)
Net increase (decrease) in shares outstanding		5,367,740		$	38,049,622

* Commencement of offering was February 3, 2012.

Note 7. Borrowings

The Fund, along with other affiliated registered investment companies (the “Funds”), is a party to a Syndicated Credit Agreement (“SCA”) with a group of banks. The purpose of the SCA is to provide an alternative source of temporary funding for capital share redemptions. The SCA provides for a commitment of $900 million for

Prudential Global Total Return Fund, Inc. 93

Notes to Financial Statements

(Unaudited) continued

the period December 16, 2011 through December 14, 2012. The Funds pay an annualized commitment fee of .08% of the unused portion of the SCA. Prior to December 16, 2011, the Funds had another SCA of a $750 million commitment with an annualized commitment fee of .10% of the unused portion. Interest on any borrowings under the SCA is paid at contracted market rates. The commitment fee for the unused amount is accrued daily and paid quarterly.

The Fund utilized the SCA during the six months ended April 30, 2012. The average daily balance for the 4 days that the Fund had loans outstanding during the period was approximately $9,701,000, borrowed at a weighted average interest rate of 1.54%. At April 30, 2012, the Fund did not have an outstanding loan amount.

Note 8. New Accounting Pronouncements

In April 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2011-03 “Reconsideration of Effective Control for Repurchase Agreements”. The objective of ASU No. 2011-03 is to improve the accounting for repurchase agreements and other agreements that both entitle and obligate a transferor to repurchase or redeem financial assets before their maturity. Under previous guidance, whether or not to account for a transaction as a sale was based on, in part, if the entity maintained effective control over the transferred financial assets. ASU No. 2011-03 removes the transferor’s ability criterion from the effective control assessment. This guidance is effective prospectively for interim and annual reporting periods beginning on or after December 15, 2011. At this time, management is evaluating the implications of ASU No. 2011-03 and its impact on the financial statements has not been determined.

In May 2011, the FASB issued ASU No. 2011-04 “Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs”. ASU No. 2011-04 includes common requirements for measurement of and disclosure about fair value between U.S. GAAP and IFRS. ASU No. 2011-04 will require reporting entities to disclose quantitative information about the unobservable inputs used in the fair value measurements categorized within Level 3 of the fair value hierarchy. In addition, ASU No. 2011-04 will require reporting entities to make disclosures about amounts and reasons for all transfers in and out of Level 1 and Level 2 fair value measurements. The new and revised disclosures are effective for interim and annual reporting periods beginning after December 15, 2011. At this time, management is evaluating the implications of ASU No. 2011-04 and its impact on the financial statements has not been determined.

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Financial Highlights

(Unaudited)

Class A Shares
	Six Months Ended April 30,			Year Ended October 31,												Ten Months Ended October 31,			Year Ended December 31,
	2012			2011			2010			2009			2008			2007(b)			2006
Per Share Operating Performance(a):
Net Asset Value, Beginning Of Period		$6.99			$7.42			$7.20			$5.76			$7.00			$6.69			$6.51
Income (loss) from investment operations:
Net investment income		.11			.23			.27			.30			.31			.20			.19
Net realized and unrealized gain (loss) on investment and foreign currency transactions		(.01	)		.05			.66			1.46			(1.11	)		.32			.16
Total from investment operations		.10			.28			.93			1.76			(.80	)		.52			.35
Less Dividends
Dividends from net investment income*		(.18	)		(.71	)		(.71	)		(.32	)		(.44	)		(.21	)		(.17	)
Net asset value, end of period		$6.91			$6.99			$7.42			$7.20			$5.76			$7.00			$6.69
Total Return(c):		1.53%			4.60%			14.25%			31.42%			(12.19)%			7.81%			5.66%
Ratios/Supplemental Data:
Net assets, end of period (000)		$166,904			$154,056			$123,507			$114,554			$97,894			$122,811			$131,477
Average net assets (000)		$156,459			$125,292			$112,110			$103,462			$119,545			$123,600			$139,865
Ratios to average net assets(h):
Expenses, including distribution and service (12b-1) fees(d)		1.28%	(f)		1.35%	(e)		1.35%	(e)		1.35%	(e)		1.36%	(e)		1.36%	(e)(f)		1.36%	(e)
Expenses, excluding distribution and service (12b-1) fees		1.03%	(f)		1.10%	(e)		1.10%	(e)		1.10%	(e)		1.11%	(e)		1.11%	(e)(f)		1.11%	(e)
Net investment income		3.33%	(f)		3.28%	(e)		3.97%	(e)		4.78%	(e)		4.55%	(e)		3.63%	(e)(f)		2.87%	(e)
Portfolio turnover rate		59%	(g)		203%			117%			164%			292%			234%	(g)		233%

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

(b) For the ten month period ended October 31, 2007. The Fund changed its fiscal year end from December 31 to October 31.

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

(d) The distributor of the Fund has contractually agreed to limit its distribution and service (12b-1) fees to .25% of the average daily net assets of the Class A shares through February 28, 2013.

(e) The Manager of the Fund has agreed to reimburse the Fund in order to limit operating expenses (excluding interest, taxes and brokerage commissions and certain extraordinary expenses) to 1.35% of the average daily net assets of Class A. If the manager had not reimbursed the Fund, the annual expenses (both including and excluding distribution and service (12b-1) fees) and net investment income ratios would be 1.42%, 1.17% and 2.81%, respectively, for the year ended December 31, 2006, 1.37%, 1.12% and 3.62%, respectively, for the ten-month period ended October 31, 2007, 1.44%, 1.19% and 4.47%, respectively, for the year ended October 31, 2008, 1.51%, 1.26% and 4.62%, respectively, for the year ended October 31, 2009, 1.42%, 1.17% and 3.90%, respectively, for the year ended October 31, 2010 and 1.39%, 1.14% and 3.24%, respectively, for the year ended October 31, 2011.

(f) Annualized.

(g) Not annualized.

(h) Does not include expenses of the underlying portfolios in which the Fund invests.

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

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 95

Financial Highlights

(Unaudited) continued

Class B Shares
	Six Months Ended April 30,			Year Ended October 31,												Ten Months Ended October 31,			Year Ended December 31,
	2012			2011			2010			2009			2008			2007(b)			2006
Per Share Operating Performance(a):
Net Asset Value, Beginning Of Period		$6.99			$7.41			$7.19			$5.76			$6.98			$6.69			$6.51
Income (loss) from investment operations:
Net investment income		.09			.17			.22			.25			.26			.16			.14
Net realized and unrealized gain (loss) on investment and foreign currency transactions		(.01	)		.06			.66			1.45			(1.10	)		.30			.17
Total from investment operations		.08			.23			.88			1.70			(.84	)		.46			.31
Less Dividends
Dividends from net investment income*		(.16	)		(.65	)		(.66	)		(.27	)		(.38	)		(.17	)		(.13	)
Net asset value, end of period		$6.91			$6.99			$7.41			$7.19			$5.76			$6.98			$6.69
Total Return(c):		1.16%			3.86%			13.40%			30.25%			(12.67)%			7.06%			4.90%
Ratios/Supplemental Data:
Net assets, end of period (000)		$5,837			$5,018			$3,312			$2,920			$3,275			$3,508			$3,874
Average net assets (000)		$5,327			$3,465			$3,082			$2,927			$3,957			$3,627			$4,726
Ratios to average net assets(f):
Expenses, including distribution and service (12b-1) fees		2.03%	(e)		2.10%	(d)		2.10%	(d)		2.10%	(d)		2.11%	(d)		2.11%	(d)(e)		2.11%	(d)
Expenses, excluding distribution and service (12b-1) fees		1.03%	(e)		1.10%	(d)		1.10%	(d)		1.10%	(d)		1.11%	(d)		1.11%	(d)(e)		1.11%	(d)
Net investment income		2.57%	(e)		2.52%	(d)		3.23%	(d)		4.03%	(d)		3.80%	(d)		2.86%	(d)(e)		2.09%	(d)
Portfolio turnover rate		59%	(g)		203%			117%			164%			292%			234%	(g)		233%

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

(b) For the ten month period ended October 31, 2007. The Fund changed its fiscal year end from December 31 to October 31.

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

(d) The Manager of the Fund has agreed to reimburse the Fund in order to limit operating expenses (excluding interest, taxes and brokerage commissions and certain extraordinary expenses) to 2.10% of the average daily net assets of Class B. If the manager had not reimbursed the Fund, the annual expenses (both including and excluding distribution and service (12b-1) fees) and net investment income ratios would be 2.17%, 1.17% and 2.03%, respectively, for the year ended December 31, 2006, 2.12%, 1.12% and 2.86%, respectively, for the ten-month period ended October 31, 2007, 2.19%, 1.19%, 3.72%, respectively, for the year ended October 31, 2008, 2.26%, 1.26% and 3.87%, respectively, for the year ended October 31, 2009, 2.17%, 1.17% and 3.16%, respectively, for the year ended October 31, 2010 and 2.14%, 1.14% and 2.48%, respectively, for the year ended October 31, 2011.

(e) Annualized.

(f) Does not include expenses of the underlying portfolios in which the Fund invests.

(g) Not annualized.

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

See Notes to Financial Statements.

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Class C Shares
	Six Months Ended April 30,			Year Ended October 31,												Ten Months Ended October 31,			Year Ended December 31,
	2012			2011			2010			2009			2008			2007(b)			2006
Per Share Operating Performance(a):
Net Asset Value, Beginning Of Period		$6.97			$7.39			$7.17			$5.74			$6.97			$6.68			$6.50
Income (loss) from investment operations:
Net investment income		.09			.17			.23			.27			.28			.17			.16
Net realized and unrealized gain (loss) on investment and foreign currency transactions		(.01	)		.07			.67			1.45			(1.10	)		.31			.17
Total from investment operations		.08			.24			.90			1.72			(.82	)		.48			.33
Less Dividends
Dividends from net investment income*		(.16	)		(.66	)		(.68	)		(.29	)		(.41	)		(.19	)		(.15	)
Net asset value, end of period		$6.89			$6.97			$7.39			$7.17			$5.74			$6.97			$6.68
Total Return(c):		1.16%			4.00%			13.75%			30.73%			(12.51)%			7.29%			5.11%
Ratios/Supplemental Data:
Net assets, end of period (000)		$29,470			$19,408			$6,180			$4,236			$3,702			$2,277			$1,056
Average net assets (000)		$24,175			$10,010			$4,563			$3,467			$3,974			$1,279			$1,470
Ratios to average net assets(g):
Expenses, including distribution and service (12b-1) fees(d)		2.03%	(f)		2.05%	(e)		1.85%	(e)		1.85%	(e)		1.86%	(e)		1.86%	(e)(f)		1.86%	(e)
Expenses, excluding distribution and service (12b-1) fees		1.03%	(f)		1.10%	(e)		1.10%	(e)		1.10%	(e)		1.11%	(e)		1.11%	(e)(f)		1.11%	(e)
Net investment income		2.55%	(f)		2.56%	(e)		3.45%	(e)		4.28%	(e)		4.07%	(e)		3.17%	(e)(f)		2.34%	(e)
Portfolio turnover rate		59%	(h)		203%			117%			164%			292%			234%	(h)		233%

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

(b) For the ten month period ended October 31, 2007. The Fund changed its fiscal year end from December 31 to October 31.

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

(d) The distributor of the Fund had contractually agreed to limit its distribution and service (12b-1) fees to .75% of the average daily net assets of the Class C shares through February 28, 2011.

(e) The Manager of the Fund has agreed to reimburse the Fund in order to limit operating expenses (excluding interest, taxes and brokerage commissions and certain extraordinary expenses) to 2.10% (1.85% through February 28, 2011) of the average daily net assets of Class C. If the manager had not reimbursed the Fund, the annual expenses (both including and excluding distribution and service (12b-1) fees) and net investment income ratios would be 1.93%, 1.18% and 2.27%, respectively, for the year ended December 31, 2006, 1.87%, 1.12% and 3.32%, respectively, for the ten-month period ended October 31, 2007, 1.94%, 1.19% and 3.99%, respectively, for the year ended October 31, 2008, 2.01%, 1.26% and 4.12%, respectively, for the year ended October 31, 2009, 1.92%, 1.17% and 3.38%, respectively, for the year ended October 31, 2010 and 2.09%, 1.14% and 2.52%, respectively, for the year ended October 31, 2011.

(f) Annualized.

(g) Does not include expenses of the underlying portfolios in which the Fund invests.

(h) Not annualized.

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

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 97

Financial Highlights

(Unaudited) continued

Class Q Shares
	February 3, 2012(a) through April 30,
	2012
Per Share Operating Performance(b):
Net Asset Value, Beginning Of Period		$6.97
Income (loss) from investment operations:
Net investment income		.06
Net realized and unrealized loss on investment and foreign currency transactions		(.04	)
Total from investment operations		.02
Less Dividends
Dividends from net investment income		(.06	)
Net asset value, end of period		$6.93
Total Return(c):		.35%
Ratios/Supplemental Data:
Net assets, end of period (000)		$10
Average net assets (000)		$10
Ratios to average net assets(d):
Expenses, including distribution and service (12b-1) fees		.89%	(e)
Expenses, excluding distribution and service (12b-1) fees		.89%	(e)
Net investment income		3.46	%(e)
Portfolio turnover rate		59	%(f)

(a) Commencement of offering.

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

(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 less than one full year are not annualized.

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

(e) Annualized.

(f) Not annualized.

See Notes to Financial Statements.

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Class Z Shares
		Six Months Ended April 30,			Year Ended October 31,												Ten Months Ended October 31,			Year Ended December 31,
		2012			2011			2010			2009			2008			2007(b)			2006
Per Share Operating Performance(a):
Net Asset Value, Beginning Of Period			$7.01			$7.44			$7.22			$5.78			$7.02			$6.72			$6.53
Income (loss) from investment operations:
Net investment income			.12			.22			.28			.32			.32			.21			.20
Net realized and unrealized gain (loss) on investment and foreign currency transactions			(.01	)		.08			.67			1.45			(1.10	)		.31			.17
Total from investment operations			.11			.30			.95			1.77			(.78	)		.52			.37
Less Dividends
Dividends from net investment income*			(.19	)		(.73	)		(.73	)		(.33	)		(.46	)		(.22	)		(.18	)
Net asset value, end of period			$6.93			$7.01			$7.44			$7.22			$5.78			$7.02			$6.72
Total Return(c):			1.65%			4.87%			14.49%			31.62%			(11.90)%			7.99%			5.84%
Ratios/Supplemental Data:
Net assets, end of period (000)			$61,750			$42,330			$4,978			$3,141			$1,823			$2,163			$2,160
Average net assets (000)			$47,755			$12,813			$3,507			$1,942			$2,147			$2,053			$3,212
Ratios to average net assets(f):
Expenses, including distribution and service (12b-1) fees	��		1.03%	(e)		1.10%	(d)		1.10%	(d)		1.10%	(d)		1.11%	(d)		1.11%	(d)(e)		1.11%	(d)
Expenses, excluding distribution and service (12b-1) fees			1.03%	(e)		1.10%	(d)		1.10%	(d)		1.10%	(d)		1.11%	(d)		1.11%	(d)(e)		1.11%	(d)
Net investment income			3.54%	(e)		3.50%	(d)		4.25%	(d)		5.03%	(d)		4.78%	(d)		3.86%	(d)(e)		3.06%	(d)
Portfolio turnover rate			59%	(g)		203%			117%			164%			292%			234%	(g)		233%

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

(b) For the ten month period ended October 31, 2007. The Fund changed its fiscal year end from December 31 to October 31.

(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 less than one full year are not annualized.

(d) The Manager of the Fund has agreed to reimburse the Fund in order to limit operating expenses (excluding interest, taxes and brokerage commissions and certain extraordinary expenses) to 1.10% of the average daily net assets of Class Z. If the manager had not reimbursed the Fund, the annual expenses (both including and excluding distribution and service (12b-1) fees) and net investment income ratios would be 1.17%, 1.17% and 3.00%, respectively, for the year ended December 31, 2006, 1.12%, 1.12% and 3.85%, respectively, for the ten-month period ended October 31, 2007, 1.19%, 1.19% and 4.70%, respectively, for the year ended October 31, 2008, 1.26%, 1.26%, 4.88%, respectively, for the year ended October 31, 2009, 1.17%, 1.17% and 4.18%, respectively, for the year ended October 31, 2010 and 1.14%, 1.14% and 3.46%, respectively, for the year ended October 31, 2011.

(e) Annualized.

(f) Does not include expenses of the underlying portfolios in which the Fund invests.

(g) Not annualized.

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

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 99

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 • Stuart S. Parker • Richard A. Redeker • Robin B. Smith • Stephen G. Stoneburn

OFFICERS

Stuart S. Parker, President • Judy A. Rice, Vice President • Scott E. Benjamin, Vice President • Grace C. Torres, Treasurer and Principal Financial and Accounting Officer • Raymond A. O’Hara, 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 • Richard W. Kinville, Anti-Money Laundering Compliance Officer • Jonathan D. Shain, Assistant Secretary • Claudia DiGiacomo, Assistant Secretary • Amanda S. Ryan, 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	Willkie Farr & Gallagher LLP	787 Seventh Avenue New York, NY 10019

An investor should consider the investment objectives, risks, charges, and expenses of the Fund carefully before investing. The prospectus and summary prospectus contain this and other information about the Fund. An investor may obtain a prospectus and summary prospectus by visiting our website at www.prudentialfunds.com or by calling (800) 225-1852. The prospectus and summary 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 email when new materials are available. You can cancel your enrollment or change your email 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, Prudential Global Total Return Fund, Inc., Prudential Investments, 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 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 month.

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 GLOBAL TOTAL RETURN FUND, INC.

SHARE CLASS	A	B	C	Q	Z
NASDAQ	GTRAX	PBTRX	PCTRX	PGTQX	PZTRX
CUSIP	74439A103	74439A202	74439A301	74439A509	74439A400

MF169E2    0226475-00001-00

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 Global Total Return Fund, Inc.
By:	/s/ Deborah A. Docs
	Deborah A. Docs
	Secretary
Date:	June 21, 2012

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:	/s/ Stuart S. Parker
	Stuart S. Parker
	President and Principal Executive Officer
Date:	June 21, 2012
By:	/s/ Grace C. Torres
	Grace C. Torres
	Treasurer and Principal Financial Officer
Date:	June 21, 2012