PGIM Global Total Return Fund Class Z (PZTRX) N-CSR Certified 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:	10/31/2014
Date of reporting period:	10/31/2014

Item 1 – Reports to Stockholders –

PRUDENTIAL INVESTMENTS»MUTUAL FUNDS

PRUDENTIAL GLOBAL TOTAL RETURN FUND, INC.

ANNUAL REPORT ^· OCTOBER 31, 2014

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.

Mutual funds are distributed by Prudential Investment Management Services LLC (PIMS). Prudential Fixed Income is a unit of Prudential Investment Management, Inc. (PIM), a registered investment adviser. PIMS and PIM are Prudential Financial Companies. ^© 2014 Prudential Financial, Inc. and its related entities. Prudential Investments LLC, Prudential, the Prudential logo, Bring Your Challenges, and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

December 15, 2014

Dear Shareholder:

We hope you find the annual report for the Prudential Global Total Return Fund, Inc. informative and useful. The report covers performance for the 12-month period that ended October 31, 2014.

Since market conditions change over time, we believe it is important to maintain a diversified portfolio of funds consistent with your tolerance for risk, time horizon, and financial goals.

Your financial advisor can help you create a diversified investment plan that may include funds covering all the basic asset classes and that reflects your personal investor profile and risk tolerance. Keep in mind, however, that diversification and asset allocation strategies do not assure a profit or protect against loss in declining markets.

Prudential Investments^® is dedicated to helping you solve your toughest investment challenges—whether it’s capital growth, reliable income, or protection from market volatility and other risks. We offer the expertise of Prudential Financial’s affiliated asset managers* that strive to be leaders in a broad range of funds to help you stay on course to the future you envision. They also manage money for major corporations and pension funds around the world, which means you benefit from the same expertise, innovation, and attention to risk demanded by today’s most sophisticated investors.

Thank you for choosing the Prudential Investments family of funds.

Sincerely,

Stuart S. Parker, President

Prudential Global Total Return Fund, Inc.

*Most of Prudential Investments’ equity funds are advised by Jennison Associates LLC, Quantitative Management Associates LLC (QMA), or Prudential Real Estate Investors. Prudential Investments’ fixed income and money market funds are advised by Prudential Investment Management, Inc. (PIM) through its Prudential Fixed Income unit. Jennison Associates, QMA, and PIM are registered investment advisers and Prudential Financial companies. Prudential Real Estate Investors is a unit of PIM.

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.

Cumulative Total Returns (Without Sales Charges) as of 10/31/14
	One Year			Five Years			Ten Years			Since Inception
Class A		3.67	%		33.73	%		71.35	%		—
Class B		2.90			28.86			58.97			—
Class C		2.75			29.46			61.68			—
Class Q		5.09			N/A			N/A			12.75% (2/3/12)
Class Z		3.77			35.30			75.49			—
Barclays Global Aggregate Bond Index		0.22			13.66			49.98			—
Lipper Global Income Funds Average		2.76			22.07			54.78			—
Lipper Custom Global Income Funds Average*		2.72			21.36			55.14			—
Average Annual Total Returns (With Sales Charges) as of 9/30/14
	One Year			Five Years			Ten Years			Since Inception
Class A		0.91	%		5.05	%		5.30	%		—
Class B		–0.12			5.07			4.99			—
Class C		3.74			5.32			5.19			—
Class Q		7.11			N/A			N/A			4.46% (2/3/12)
Class Z		5.76			6.24			6.04			—
Barclays Global Aggregate Bond Index		1.19			2.69			4.38			—
Lipper Global Income Funds Average		3.76			4.13			4.62			—
Lipper Custom Global Income Funds Average*		3.70			4.06			4.73			—

*The Lipper Custom Global Income Funds Average consists only of un-hedged funds within Lipper’s Global Income Funds Universe and not the entire Global Income Funds Universe, although Lipper classifies the Fund in the Global Income Funds Performance Universe. The Lipper Custom Global Income Funds Average is utilized because the Manager believes that the funds included in this Universe provide a more appropriate basis for Fund performance comparisons.

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Average Annual Total Returns (With Sales Charges) as of 10/31/14
	One Year			Five Years			Ten Years			Since Inception
Class A		–0.99	%		5.01	%		5.05	%		—
Class B		–2.08			5.04			4.74			—
Class C		1.76			5.30			4.92			—
Class Q		5.09			N/A			N/A			4.47% (2/3/12)
Class Z		3.77			6.23			5.79			—
Average Annual Total Returns (Without Sales Charges) as of 10/31/14
	One Year			Five Years			Ten Years			Since Inception
Class A		3.67	%		5.98	%		5.53	%		—
Class B		2.90			5.20			4.74			—
Class C		2.75			5.30			4.92			—
Class Q		5.09			N/A			N/A			4.47% (2/3/12)
Class Z		3.77			6.23			5.79			—

Growth of a $10,000 Investment

The graph compares a $10,000 investment in the Prudential Global Total Return Fund, Inc. (Class A shares) with a similar investment in the Barclays Global Aggregate Bond Index by portraying the initial account values at the beginning of the 10-year period for Class A shares (October 31, 2004) and the account values at the end of the current fiscal year (October 31, 2014) as measured on a quarterly basis. For purposes of the graph, and unless otherwise indicated, it has been assumed that (a) the maximum applicable front-end sales charge was deducted from the initial $10,000 investment in Class A shares; (b) all recurring fees (including management fees) were deducted; and (c) all dividends and distributions were reinvested. The line graph provides information for Class A shares only. As indicated in the tables provided earlier, performance for Class B, Class C, Class Q and

Prudential Global Total Return Fund, Inc. 3

Your Fund’s Performance (continued)

Class Z shares will vary due to the differing charges and expenses applicable to each share class (as indicated in the following paragraphs). Without waiver of fees and/or expense reimbursement, if any, the returns would have been lower.

Past performance does not predict future performance. Total returns and the ending account values in the graph include changes in share price and reinvestment of dividends and capital gains distributions in a hypothetical investment for the periods shown. The Fund’s total returns do not reflect the deduction of income taxes on an individual’s investment. Taxes may reduce your actual investment returns on income or gains paid by the Fund or any gains you may realize if you sell your shares.

Source: Prudential Investments LLC and Lipper Inc.

Inception returns are provided for any share class with less than 10 calendar years of returns.

The returns in the tables do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or following the redemption of Fund shares. The average annual total returns take into account applicable sales charges, which are described for each share class in the table below.

	Class A	Class B*	Class C	Class Q	Class Z
Maximum initial sales charge	4.50% of the public offering price	None	None	None	None
Contingent deferred sales charge (CDSC) (as a percentage of the lower of original purchase price or net asset value at redemption)	1% on sales of $1 million or more made within 12 months of purchase	5% (Yr. 1) 4% (Yr. 2) 3% (Yr. 3) 2% (Yr. 4) 1% (Yr. 5/6) 0% (Yr.  7)	1% on sales made within 12 months of purchase	None	None
Annual distribution and service (12b-1) fees (shown as a percentage of average daily net assets)	.30% (.25% currently)	1%	1%	None	None

*Class B shares are closed to all purchase activity and no additional Class B shares may be purchased or acquired except by exchange from Class B shares of another Fund or through dividend or capital gains reinvestment.

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 US Aggregate, the Pan-European Aggregate, and the Asian-Pacific Aggregate Indices. The index also includes Eurodollar and Euro-Yen corporate bonds, Canadian government, and agency and corporate securities. Barclays Global Aggregate Bond Index Closest Month-End to Inception cumulative total return as of 10/31/14 is 1.59% for Class Q. Barclays Global Aggregate Bond Index Closest Month-End to Inception average annual total return as of 9/30/14 is 0.59% for Class Q.

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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 US dollar and non-US 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 10/31/14 is 7.06% for Class Q. Lipper Average Closest Month-End to Inception average annual total return as of 9/30/14 is 2.46% for Class Q.

Lipper Custom Global Income Funds Average

The Lipper Custom Global Income Funds Average consists only of un-hedged funds within Lipper’s Global Income Funds Universe and not the entire Global Income Funds Universe, although Lipper classifies the Fund in the Global Income Funds Performance Universe. Lipper Custom Global Income Funds Average Closest Month-End to Inception cumulative total return as of 10/31/14 is 5.91% for Class Q. Lipper Custom Global Income Funds Average Closest Month-End to Inception average annual total return as of 9/30/14 is 2.08% for Class Q.

Investors cannot invest directly in an index or average. The returns for the Index 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. The Since Inception returns for the Index and the Lipper Averages are measured from the closest month-end to inception date, and not from the Fund’s actual inception date.

Five Largest Holdings expressed as a percentage of net assets as of 10/31/14
Italy Buoni Poliennali del Tesoro, Bonds, RegS, 4.750%, 05/01/17	2.2	%
Spain Government Bond, Sr. Unsec’d. Notes, 5.850%, 01/31/22	1.7
Russian Foreign Bond—Eurobond, Sr. Unsec’d. Notes, RegS, 7.500%, 03/31/30	1.4
Cyprus Government International Bond, Sr. Unsec’d. Notes, MTN, RegS, 4.625%, 02/03/20	1.4
Catamaran CLO Ltd., Series 2014-1A, Class A2, 144A, 2.031%, 04/20/26	1.3

Holdings reflect only long-term investments and are subject to change.

Distributions and Yields as of 10/31/14
	Total Distributions Paid for 12 Months		30-Day SEC Yield			30-Day Unsubsidized SEC Yield
Class A	$	0.29		1.50	%		1.45	%
Class B		0.24		0.82			0.82
Class C		0.24		0.82			0.82
Class Q		0.32		1.93			1.93
Class Z		0.31		1.82			1.82

Prudential Global Total Return Fund, Inc. 5

Strategy and Performance Overview

How did the Fund perform?

The Prudential Global Total Return Bond Fund’s Class A shares returned 3.67% for the 12 months ended October 31, 2014, outperforming the 0.22% return of the Barclays Global Aggregate Bond Index (Global Aggregate Bond Index) and the 2.76% return of the Lipper Global Income Funds Average.

How did the global fixed income markets perform?

During the reporting period that began November 1, 2013, the global fixed income markets showed major disparities, both on a quarter-to-quarter basis and by currency and region.

• At the beginning of the period, global fixed income investors appeared to be focused on the possibility of policy firming by the US Federal Reserve (Fed). As the period progressed, it became increasingly apparent that the European Central Bank (ECB) was struggling with dangerously low inflation and poor economic growth. In Japan, economic weakness persisted as a tax increase hurt consumption, calling into question the effectiveness of Prime Minister Shinzo Abe’s stimulus efforts. Conditions in Europe and Japan led to the depreciation of the euro and the Japanese yen relative to the US dollar, which drove most of the outperformance of US fixed income versus global fixed income during the period.

• Within the US fixed income market, spread sectors outpaced US Treasury securities during the period overall. Spread sectors are commercial mortgage-backed securities, corporate bonds, and other types of debt securities that provide extra yield (spread) over similar-duration US Treasury securities to compensate for the greater credit risk associated with investing in them. During the period, US dollar denominated emerging markets debt, investment grade corporate bonds, and high yield corporate bonds generated the strongest returns. Commercial mortgage-backed securities (CMBS), asset-backed securities, and mortgage-backed securities also posted gains.

• When the reporting period began, the Fed was widely expected to announce the reduction (or, tapering) of its quantitative easing asset purchase program. The fixed income markets performed poorly in anticipation that the Fed would combine a tapering announcement with a shift in its policy of low interest rates. The bellwether 10-year US Treasury yield rose, reaching a high of more than 3%. However, that increase was more gradual than the surge that followed Fed hints of a possible taper earlier in 2013.

• In December, the Fed announced it would begin reducing its asset purchases in January 2014. After the Fed started tapering asset purchases, longer-term US Treasury yields fell, continuing to decline during the period overall.

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• In the first quarter of 2014, severe weather hit much of the US, significantly depressing economic activity. The lull suggested the Fed might maintain lower interest rates for longer. Inflation remained muted. Longer-term interest rates fell, as market participants signaled their confidence in the Fed’s ability and willingness to control inflation over the long term. The fixed income market generated a positive return during the first quarter, with most sectors adding to their 2013 gains or erasing the majority of that calendar year’s losses.

• Fixed income markets continued to record gains in the second quarter, despite mixed US economic data, weaker economic growth in China, and geopolitical turmoil in the Middle East and Russia/Ukraine. While US economic growth continued to recover from the effects of the harsh winter weather, market participants seemed focused on weak first-quarter GDP, which was steadily revised lower during the second quarter—dampening growth projections for the 2014 calendar year. Meanwhile, as the US job market improved and inflation edged up, the Fed said it might raise short-term interest rates sooner than previously expected.

• Events of the third quarter 2014 triggered a wave of risk aversion in the fixed income markets. Many spread sectors, including investment grade corporate bonds, high yield corporate debt, and emerging markets debt, underperformed US Treasuries. Although the global economic recovery remained sluggish, US growth continued at an annualized pace of approximately 2%. US unemployment also declined. As a result, the Fed appeared increasingly likely to hike short-term rates during 2015.

• The Fed’s monetary policy diverged from those of the Bank of Japan and the ECB during the reporting period. As the Fed ended its quantitative easing program in October and hinted at a hike in short-term interest rates, the Bank of Japan and the ECB continued to ease their monetary policies and sought to weaken their currencies relative to the US dollar.

Which strategies made the largest positive contribution to the Fund’s performance?

The Fund outperformed the Global Aggregate Bond Index mostly due to its sector allocation strategy. The portfolio management team leverages the resources of Prudential Fixed Income’s specialized sector teams to determine the best relative value opportunities for a given market environment. It then implements overweight exposures to what it believes to be its best ideas, while maintaining underweight exposures in sectors that offer less compelling risk/ reward potential.

• During the reporting period, the Fund’s sector allocation emphasized global spread sectors, rather than government bond sectors. Allocations to US high

Prudential Global Total Return Fund, Inc. 7

Strategy and Performance Overview (continued)

yield corporate bonds, emerging markets debt, and non-agency mortgage-backed securities drove most of the Fund’s relative outperformance. The Fund’s allocation to the government debt of so-called “peripheral” European countries also enhanced returns.

• The Fund benefited from the management of duration and yield curve positioning. Duration is a measure of the interest rate sensitivity of a bond portfolio or individual debt securities that is expressed as a number of years. The longer the duration, the greater the potential risk or reward when interest rates move. The Fund had a long duration bias for most of the period, allowing it to benefit from falling US and global interest rates. Also contributing positively was the Fund’s positioning for flatter yield curves. Yield curves are single line graphs that illustrate the relationship between the yields and maturities of fixed income securities.

What other strategies helped the Fund’s performance?

The Fund was positioned for a decline in the yen and euro, relative to a range of developed and emerging currencies. Ongoing concerns about weak growth and low inflation in the euro zone have kept pressure on the ECB to ease policy, which has weighed on the euro. Additionally, the aggressive monetary policy arrow of Abenomics, and Japan’s trade deficit, has driven a profound weakening of the yen.

Which strategies detracted most from the Fund’s performance?

Although the Fund benefited overall from its exposure to emerging markets debt, it was hurt by its allocation to the local interest rates of certain countries. In particular, the Fund’s allocation to Russia detracted from results. Russian bonds declined early in the period after the country’s military intervention in the Ukraine and later in the period in response to falling oil prices. The Fund’s underweight position in the Russian ruble offset some of the negative impact.

Did the Fund hold derivatives and how did they affect performance?

The Fund uses derivatives when they facilitate implementation of the overall investment approach. During the reporting period, the Fund used interest rate futures and swaps to help manage US and global duration and yield curve exposure. These positions added significantly to performance. In addition, to implement most currency strategies, the Fund used foreign exchange derivatives, which had positive returns.

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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 May 1, 2014, at the beginning of the period, and held through the six-month period ended October 31, 2014. The example is for illustrative purposes only; you should consult the Prospectus for information on initial and subsequent minimum investment requirements.

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 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.

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

Prudential Global Total Return Fund, Inc. 9

Fees and Expenses (continued)

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.

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 May 1, 2014		Ending Account Value October 31, 2014		Annualized Expense Ratio Based on the Six-Month Period			Expenses Paid During the Six-Month  Period*
Class A	Actual	$	1,000.00	$	999.20		1.21	%	$	6.10
	Hypothetical	$	1,000.00	$	1,019.11		1.21	%	$	6.16
Class B	Actual	$	1,000.00	$	995.40		1.96	%	$	9.86
	Hypothetical	$	1,000.00	$	1,015.32		1.96	%	$	9.96
Class C	Actual	$	1,000.00	$	994.00		1.96	%	$	9.85
	Hypothetical	$	1,000.00	$	1,015.32		1.96	%	$	9.96
Class Q	Actual	$	1,000.00	$	1,001.10		0.84	%	$	4.24
	Hypothetical	$	1,000.00	$	1,020.97		0.84	%	$	4.28
Class Z	Actual	$	1,000.00	$	999.10		0.96	%	$	4.84
	Hypothetical	$	1,000.00	$	1,020.37		0.96	%	$	4.89

*Fund expenses (net of fee waivers or subsidies, if any) for each share class are equal to the annualized expense ratio for each share class (provided in the table), multiplied by the average account value over the period, multiplied by the 184 days in the six-month period ended October 31, 2014, and divided by the 365 days in the Fund’s fiscal year ended October 31, 2014 (to reflect the six-month period). Expenses presented in the table include the expenses of any underlying portfolios in which the Fund may invest.

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The Fund’s annualized expense ratios for the year ended October 31, 2014, are as follows:

Class	Gross Operating Expenses			Net Operating Expenses
A		1.30	%		1.25	%
B		2.00			2.00
C		2.00			2.00
Q		0.87			0.87
Z		1.00			1.00

Net operating expenses shown above reflect any fee waivers and/or expense reimbursements. Additional information on Fund expenses and any fee waivers and/or expense reimbursements can be found in the “Financial Highlights” tables in this report and in the Notes to the Financial Statements in this report.

Prudential Global Total Return Fund, Inc. 11

Portfolio of Investments

as of October 31, 2014

Description	Interest Rate	Maturity Date		Principal Amount (000)#		Value (Note 1)
LONG-TERM INVESTMENTS    96.9%
FOREIGN BONDS    58.0%
Australia    0.3%
Australia Government Bond, Sr. Unsec’d. Notes	4.750%		06/15/16	AUD	200	$	182,268
FMG Resources (August 2006) Pty Ltd., Gtd. Notes, 144A	6.000		04/01/17		600		612,000
New South Wales Treasury Corp., Local Gov’t. Gtd. Notes	5.000		08/20/24	AUD	200		195,156
							989,424
Belgium    1.2%
Kingdom of Belgium, Notes, 144A	8.875		12/01/24		500		719,571
Notes, MTN	5.000		04/24/18	GBP	2,000		3,526,823
							4,246,394
Brazil    2.2%
Brazil Notas do Tesouro Nacional B, Series NTNB, Notes	6.000		08/15/50	BRL	424		424,259
Brazil Notas do Tesouro Nacional F, Series NTNF, Notes	10.000		01/01/21	BRL	750		276,627
Brazilian Government International Bond, Sr. Unsec’d. Notes	2.875		04/01/21	EUR	200		260,655
Sr. Unsec’d. Notes	4.875		01/22/21		500		538,750
Unsec’d. Notes	11.000		06/26/17	EUR	2,371		3,703,788
Cia Energetica de Sao Paulo, Sr. Unsec’d. Notes, MTN, 144A	9.750		01/15/15	BRL	2,850		1,769,625
JBS USA LLC/JBS USA Finance, Inc., Gtd. Notes, 144A (original cost $175,275; purchased 12/08/11)(a)(b)	7.250		06/01/21		190		202,350
Minerva Luxembourg SA, Gtd. Notes, 144A	12.250		02/10/22		200		231,000
Schahin II Finance Co. SPV Ltd., Sr. Sec’d. Notes, 144A (original cost $228,206; purchased 03/27/12)(a)(b)	5.875		09/25/22		225		212,468
							7,619,522
Bulgaria    0.2%
Bulgaria Government International Bond, Sr. Unsec’d. Notes, RegS	4.250		07/09/17	EUR	500		674,664

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 13

Portfolio of Investments

as of October 31, 2014 continued

Description	Interest Rate	Maturity Date		Principal Amount (000)#		Value (Note 1)
FOREIGN BONDS (Continued)
Bulgaria (cont’d.)
Sr. Unsec’d. Notes, RegS	8.250%		01/15/15		50	$	50,725
							725,389
Canada    0.6%
Agrium, Inc., Sr. Unsec’d. Notes	6.125		01/15/41		25		29,779
Barrick North America Finance LLC, Gtd. Notes	5.750		05/01/43		120		116,079
Canadian Government Bond, Bonds(c)	1.750		09/01/19	CAD	700		627,177
Bonds(c)(d)	4.000		06/01/41	CAD	450		507,248
Unsec’d. Notes(d)	2.750		06/01/22	CAD	200		188,806
Canadian Pacific Railway Co., Sr. Unsec’d. Notes	6.500		05/15/18		77		88,863
Province of Alberta Canada, Unsec’d. Notes	3.400		12/01/23	CAD	200		188,167
Province of British Columbia, Notes	3.300		12/18/23	CAD	200		186,492
TransAlta Corp., Sr. Unsec’d. Notes	6.650		05/15/18		200		224,664
							2,157,275
Cayman Islands    0.2%
Cayman Islands Government Bond, RegS	5.950		11/24/19		500		576,000
China    0.6%
China Government Bond, Sr. Unsec’d. Notes	1.800		12/01/15	CNH	1,000		161,519
Sr. Unsec’d. Notes, RegS	1.850		06/29/15	CNH	12,000		1,950,905
							2,112,424
Colombia    0.8%
Colombia Government International Bond, Sr. Unsec’d. Notes	4.000		02/26/24		1,000		1,026,000
Sr. Unsec’d. Notes	11.750		02/25/20		715		1,017,088
Sr. Unsec’d. Notes	12.000		10/22/15	COP	1,000,000		515,431
Pacific Rubiales Energy Corp., Gtd. Notes, 144A	5.375		01/26/19		200		200,500
							2,759,019
Costa Rica    0.1%
Costa Rica Government International Bond, Sr. Unsec’d. Notes, 144A	4.375		04/30/25		500		465,000

See Notes to Financial Statements.

14

Description	Interest Rate	Maturity Date		Principal Amount (000)#		Value (Note 1)
FOREIGN BONDS (Continued)
Croatia    0.4%
Croatia Government International Bond, Sr. Unsec’d. Notes	6.500%		01/05/15	EUR	1,050	$	1,328,082
Cyprus    1.9%
Cyprus Government International Bond, Sr. Unsec’d. Notes, MTN, RegS	3.750		11/01/15	EUR	1,431		1,766,357
Sr. Unsec’d. Notes, MTN, RegS	4.625		02/03/20	EUR	4,097		4,852,285
							6,618,642
Czech Republic    0.3%
Czech Republic International, Sr. Unsec’d. Notes, RegS	2.875		11/23/16	CHF	600		656,966
Sr. Unsec’d. Notes, MTN, RegS	3.625		04/14/21	EUR	284		416,819
							1,073,785
Denmark
Denmark Government Bond, Bonds	4.000		11/15/19	DKK	500		100,149
Finland    0.3%
Finland Government International Bond, Sr. Unsec’d. Notes	6.950		02/15/26		340		447,612
Sr. Unsec’d. Notes, MTN	2.250		01/18/17	SEK	5,000		696,431
							1,144,043
Germany    1.8%
Bundesrepublik Deutschland, Bonds	1.500		05/15/24	EUR	1,850		2,465,538
Bonds	2.500		07/04/44	EUR	900		1,328,814
Bonds	5.625		01/04/28	EUR	210		405,250
Fresenius Medical Care U.S. Finance II, Inc., Gtd. Notes, 144A	4.125		10/15/20		325		326,016
RWE AG, Jr. Sub. Notes, RegS	4.625(e)		09/28/49	EUR	200		254,968
Techem Energy Metering Service GmbH & Co. KG, Gtd. Notes, MTN, 144A	7.875		10/01/20	EUR	275		380,084
Techem GmbH, Sr. Sec’d. Notes, MTN, 144A	6.125		10/01/19	EUR	500		670,873
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH, Sr. Sec’d. Notes, 144A	5.500		09/15/22	EUR	450		604,586
							6,436,129

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 15

Portfolio of Investments

as of October 31, 2014 continued

Description	Interest Rate	Maturity Date		Principal Amount (000)#		Value (Note 1)
FOREIGN BONDS (Continued)
Greece    1.5%
Hellenic Republic Government Bond, Bonds, Series PSI, RegS	2.000%(f)		02/24/23	EUR	500	$	443,559
Sr. Unsec’d. Notes, RegS	4.750		04/17/19	EUR	300		343,429
Sr. Unsec’d. Notes, Series 9RG	5.800		07/14/15	JPY	150,000		1,335,411
Hellenic Republic Government International Bond, Sr. Unsec’d. Notes(a)	5.250		02/01/16	JPY	6,500		56,572
Sr. Unsec’d. Notes, MTN	3.800		08/08/17	JPY	50,000		414,689
Sr. Unsec’d. Notes, Series 12RG	5.250		02/01/16	JPY	340,900		2,871,815
							5,465,475
Hungary    2.1%
Hungary Government Bond, Bonds	5.500		12/20/18	HUF	100,000		444,879
Hungary Government International Bond, Sr. Unsec’d. Notes	4.000		03/25/19		332		340,134
Sr. Unsec’d. Notes	5.375		02/21/23		450		483,750
Sr. Unsec’d. Notes, MTN	4.000		05/20/16	CHF	600		647,300
Sr. Unsec’d. Notes, RegS	4.375		07/04/17	EUR	1,000		1,341,145
Sr. Unsec’d. Notes, RegS	5.750		06/11/18	EUR	500		705,792
Sr. Unsec’d. Notes, RegS	6.000		01/11/19	EUR	2,500		3,606,718
							7,569,718
Iceland    0.4%
Iceland Government International Bond, Unsec’d. Notes, RegS	4.875		06/16/16		1,500		1,574,010
India    0.7%
Bharti Airtel International Netherlands BV, Gtd. Notes, 144A	5.125		03/11/23		200		211,256
Export-Import Bank of India, Sr. Unsec’d. Notes, MTN, RegS	5.760		04/05/18	AUD	1,000		907,138
State Bank of India, Sr. Unsec’d. Notes, MTN, RegS	4.500		11/30/15	EUR	700		906,608
Vedanta Resources PLC, Sr. Unsec’d. Notes, 144A	6.000		01/31/19		350		357,000
							2,382,002
Indonesia    1.8%
Berau Capital Resources, Sr. Sec’d. Notes, RegS	12.500		07/08/15		400		308,000

See Notes to Financial Statements.

16

Description	Interest Rate	Maturity Date		Principal Amount (000)#		Value (Note 1)
FOREIGN BONDS (Continued)
Indonesia (cont’d.)
Indonesia Government International Bond, Sr. Unsec’d. Notes, MTN, 144A	2.875%		07/08/21	EUR	900	$	1,144,751
Sr. Unsec’d. Notes, MTN, RegS	2.875		07/08/21	EUR	246		312,899
Majapahit Holding BV, Gtd. Notes, RegS	7.750		01/20/20		800		931,000
Pertamina Persero PT, Sr. Unsec’d. Notes, 144A	4.300		05/20/23		500		486,250
Perusahaan Penerbit SBSN Indonesia, Sr. Unsec’d. Notes, RegS	4.000		11/21/18		2,200		2,274,250
Perusahaan Penerbit SBSN Indonesia III, Unsec’d. Notes, 144A	4.350		09/10/24		300		300,750
Unsec’d. Notes, 144A	6.125		03/15/19		375		416,250
							6,174,150
Ireland    2.0%
CRH America, Inc., Gtd. Notes	8.125		07/15/18		110		132,397
Ireland Government Bond, Bonds	4.400		06/18/19	EUR	2,230		3,281,885
Unsec’d. Notes, RegS	3.400		03/18/24	EUR	2,490		3,570,605
							6,984,887
Israel    0.4%
Israel Government International Bond, Sr. Unsec’d. Notes, MTN	3.750		10/12/15	EUR	1,000		1,290,492
Italy    6.9%
Cassa Depositi e Prestiti SpA, Sr. Unsec’d. Notes, MTN, RegS	4.750		06/18/19	EUR	500		715,786
Italy Buoni Poliennali del Tesoro, Bonds	3.750		09/01/24	EUR	900		1,264,099
Bonds	4.500		05/01/23	EUR	2,700		4,002,783
Bonds	4.750		09/01/44	EUR	500		742,177
Bonds	5.500		11/01/22	EUR	700		1,098,663
Bonds	6.500		11/01/27	EUR	2,295		3,997,549
Bonds, RegS	4.750		05/01/17	EUR	5,520		7,595,006
Italy Government International Bond, Sr. Unsec’d. Notes, MTN	5.200		07/31/34	EUR	250		378,259
Sr. Unsec’d. Notes, MTN, RegS	2.500		03/02/15	CHF	100		104,609
Sr. Unsec’d. Notes, MTN, RegS	5.750		07/25/16	EUR	201		272,760
Sr. Unsec’d. Notes, MTN, RegS	6.000		08/04/28	GBP	200		377,851
Sr. Unsec’d. Notes, RegS	3.450		03/24/17	JPY	125,000		1,180,801

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 17

Portfolio of Investments

as of October 31, 2014 continued

Description	Interest Rate	Maturity Date		Principal Amount (000)#		Value (Note 1)
FOREIGN BONDS (Continued)
Italy (cont’d.)
Sr. Unsec’d. Notes, RegS	3.700%		11/14/16	JPY	93,000	$	876,354
Sr. Unsec’d. Notes, RegS	4.500		06/08/15	JPY	144,000		1,312,062
Sr. Unsec’d. Notes, RegS	5.500		12/15/14	JPY	62,000		555,135
							24,473,894
Japan    0.6%
Japan Finance Organization for Municipalities, Gov’t. Gtd. Notes, MTN	5.750		08/09/19	GBP	400		749,994
Japan Government Twenty Year Bond, Sr. Unsec’d. Notes	1.500		06/20/34	JPY	50,000		463,011
MUFG Capital Finance 1 Ltd., Gtd. Notes	6.346(e)		07/29/49		120		128,640
Nomura Holdings, Inc., Sr. Unsec’d. Notes, MTN	2.000		09/13/16		800		810,004
							2,151,649
Kazakhstan    0.3%
Kazakhstan Government International Bond, Sr. Unsec’d. Notes, 144A	3.875		10/14/24		925		908,813
Latvia    0.8%
Republic of Latvia, Sr. Unsec’d. Notes, 144A	5.250		06/16/21		500		562,500
Sr. Unsec’d. Notes, RegS	2.750		01/12/20		400		395,500
Sr. Unsec’d. Notes, RegS	5.250		02/22/17		1,000		1,087,500
Unsec’d. Notes, 144A	2.625		01/21/21	EUR	500		670,916
							2,716,416
Lithuania    0.7%
Lithuania Government International Bond, Sr. Unsec’d. Notes	3.750		02/10/16	EUR	1,000		1,305,029
Sr. Unsec’d. Notes, MTN, RegS	3.375		01/22/24	EUR	500		706,518
Sr. Unsec’d. Notes, RegS	6.125		03/09/21		200		233,000
Sr. Unsec’d. Notes, RegS	7.375		02/11/20		245		296,450
							2,540,997
Macedonia    0.2%
Former Yugoslav Republic of Macedonia, Unsec’d. Notes, 144A	3.975		07/24/21	EUR	500		635,973

See Notes to Financial Statements.

18

Description	Interest Rate	Maturity Date		Principal Amount (000)#		Value (Note 1)
FOREIGN BONDS (Continued)
Malaysia    0.5%
1Malaysia Sukuk Global Bhd, Sr. Unsec’d. Notes, RegS	3.928%		06/04/15		825	$	840,064
Wakala Global Sukuk Bhd, Sr. Unsec’d. Notes, RegS	4.646		07/06/21		800		883,200
							1,723,264
Mexico    3.4%
CEMEX Espana SA, Sr. Sec’d. Notes, 144A	9.875		04/30/19		1,000		1,115,200
Mexican Bonos, Bonds	8.500		12/13/18	MXN	7,000		590,635
Mexico Government International Bond,
Sr. Unsec’d. Notes	2.750		04/22/23	EUR	2,075		2,735,498
Sr. Unsec’d. Notes, MTN	4.250		07/14/17	EUR	2,984		4,105,482
Sr. Unsec’d. Notes, MTN	5.625		01/15/17		526		575,970
Sr. Unsec’d. Notes, MTN	6.750		02/06/24	GBP	840		1,666,240
Sr. Unsec’d. Notes, MTN	11.000		05/08/17	ITL	250,000		202,249
Petroleos Mexicanos,
Gtd. Notes, 144A	4.250		01/15/25		200		202,460
Gtd. Notes, MTN	8.250		06/02/22	GBP	206		427,880
United Mexican States,
Sr. Unsec’d. Notes, MTN	2.375		04/09/21	EUR	100		130,704
Sr. Unsec’d. Notes, MTN	5.625		03/19/2114	GBP	200		321,538
							12,073,856
Netherlands    0.3%
Bank Nederlandse Gemeenten NV,
Sr. Unsec’d. Notes, 144A	2.125		10/01/19	CAD	100		89,126
Sr. Unsec’d. Notes, MTN	5.500		05/23/22	AUD	338		324,439
UPCB Finance III Ltd., Sr. Sec’d. Notes, 144A	6.625		07/01/20		475		499,937
							913,502
New Zealand    0.1%
New Zealand Local Government Funding Agency, Unsec’d. Notes	6.000		05/15/21	NZD	500		420,962
Norway    0.2%
City of Oslo Norway, Sr. Unsec’d. Notes	3.650		11/08/23	NOK	2,000		322,642
Norway Government Bond, Bonds	4.250		05/19/17	NOK	2,000		318,644
							641,286

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 19

Portfolio of Investments

as of October 31, 2014 continued

Description	Interest Rate	Maturity Date		Principal Amount (000)#		Value (Note 1)
FOREIGN BONDS (Continued)
Panama    1.2%
Panama Government International Bond,
Sr. Unsec’d. Notes	4.000%		09/22/24		400	$	409,000
Sr. Unsec’d. Notes	5.200		01/30/20		800		884,000
Sr. Unsec’d. Notes	6.700		01/26/36		1,700		2,137,750
Sr. Unsec’d. Notes	9.375		01/16/23		200		274,900
Sr. Unsec’d. Notes	10.750		05/15/20		275		376,062
							4,081,712
Peru    1.0%
Peru Enhanced Pass-Through Finance Ltd., Pass-Through Certificates,
144A	1.600(g)		05/31/18		1,291		1,210,298
RegS	3.350(g)		06/02/25		1,000		710,160
Peruvian Government International Bond,
Bonds, 144A	6.000		08/07/24	PEN	2,600		886,295
Sr. Unsec’d. Notes	7.350		07/21/25		500		661,250
Sr. Unsec’d. Notes, RegS	9.910		05/05/15	PEN	1		353
							3,468,356
Philippines    1.8%
Philippine Government International Bond,
Sr. Unsec’d. Notes	3.900		11/26/22	PHP	60,000		1,300,279
Sr. Unsec’d. Notes	4.950		01/15/21	PHP	30,000		692,256
Sr. Unsec’d. Notes	6.250		03/15/16	EUR	2,881		3,862,646
Sr. Unsec’d. Notes	6.250		01/14/36	PHP	25,000		609,192
							6,464,373
Poland    1.7%
Poland Government Bond, Bonds	3.250		07/25/19	PLN	1,000		313,448
Poland Government International Bond,
Sr. Unsec’d. Notes, MTN	3.625		02/01/16	EUR	500		652,916
Sr. Unsec’d. Notes, MTN, RegS	2.625		05/12/15	CHF	3,000		3,156,992
Sr. Unsec’d. Notes, RegS	2.340		11/13/14	JPY	200,000		1,781,117
							5,904,473
Portugal    2.1%
Portugal Government International Bond,
Sr. Unsec’d. Notes, MTN, RegS	3.500		03/25/15		300		302,880
Unsec’d. Notes, 144A	5.125		10/15/24		2,000		2,059,792

See Notes to Financial Statements.

20

Description	Interest Rate	Maturity Date		Principal Amount (000)#		Value (Note 1)
FOREIGN BONDS (Continued)
Portugal (cont’d.)
Portugal Obrigacoes do Tesouro OT,
Sr. Unsec’d. Notes, RegS	3.850%		04/15/21	EUR	300	$	408,704
Sr. Unsec’d. Notes, RegS	4.750		06/14/19	EUR	2,410		3,401,948
Sr. Unsec’d. Notes, RegS	6.400		02/15/16	EUR	750		1,007,250
Unsec’d. Notes, RegS	3.875		02/15/30	EUR	200		247,635
							7,428,209
Romania    1.1%
Romania Government Bond, Bonds	5.850		04/26/23	RON	1,880		615,910
Romanian Government International Bond,
Sr. Unsec’d. Notes, RegS	5.000		03/18/15	EUR	1,307		1,663,989
Sr. Unsec’d. Notes, RegS	6.500		06/18/18	EUR	1,000		1,472,449
							3,752,348
Russia    1.7%
Gazprom OAO Via Gaz Capital SA, Sr. Unsec’d. Notes, 144A	6.510		03/07/22		500		521,875
Russian Foreign Bond - Eurobond,
Sr. Unsec’d. Notes, RegS	3.625		09/16/20	EUR	200		257,815
Sr. Unsec’d. Notes, RegS	7.500		03/31/30		4,454		5,053,018
Vimpel Communications Via VIP Finance Ireland Ltd. OJSC, Sr. Unsec’d. Notes, 144A	7.748		02/02/21		295		300,163
							6,132,871
Serbia    0.2%
Republic of Serbia, Bonds, 144A	4.875		02/25/20		750		761,250
Singapore    0.1%
Temasek Financial I Ltd., Gtd. Notes, MTN	3.265		02/19/20	SGD	500		411,001
Slovak Republic    0.7%
Slovakia Government International Bond, Sr. Unsec’d. Notes, RegS	4.375		05/21/22		2,200		2,395,250
Slovenia    1.7%
Slovenia Government Bond, Sr. Unsec’d. Notes, RegS	4.375		02/06/19	EUR	300		420,235
Slovenia Government International Bond,
Sr. Unsec’d. Notes, 144A	4.125		02/18/19		300		315,750

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 21

Portfolio of Investments

as of October 31, 2014 continued

Description	Interest Rate	Maturity Date		Principal Amount (000)#		Value (Note 1)
FOREIGN BONDS (Continued)
Slovenia (cont’d.)
Sr. Unsec’d. Notes, 144A	4.750%		05/10/18		1,500	$	1,610,625
Sr. Unsec’d. Notes, 144A	5.850		05/10/23		1,500		1,682,820
Sr. Unsec’d. Notes, RegS	4.750		05/10/18		1,500		1,610,625
Sr. Unsec’d. Notes, RegS	5.850		05/10/23		200		224,376
							5,864,431
South Africa    1.5%
South Africa Government Bond, Bonds	7.000		02/28/31	ZAR	1,800		143,613
South Africa Government International Bond,
Sr. Unsec’d. Notes	3.750		07/24/26	EUR	1,000		1,311,107
Sr. Unsec’d. Notes, MTN	4.500		04/05/16	EUR	2,202		2,900,164
ZAR Sovereign Capital Fund Propriety Ltd., Sr. Unsec’d. Notes, 144A	3.903		06/24/20		1,000		1,007,500
							5,362,384
South Korea    0.6%
Export-Import Bank of Korea, Sr. Unsec’d. Notes, MTN	5.375		09/12/19	AUD	1,000		926,371
Republic of Korea,
Sr. Unsec’d. Notes	3.625		11/02/15	EUR	880		1,138,644
Sr. Unsec’d. Notes, RegS	2.125		06/10/24	EUR	100		131,448
							2,196,463
Spain    5.2%
Autonomous Community of Madrid Spain,
Sr. Unsec’d. Notes	4.110		06/23/16	EUR	100		131,731
Sr. Unsec’d. Notes	5.500		02/14/17	EUR	176		243,198
Sr. Unsec’d. Notes	5.944		10/30/16	EUR	550		767,825
Sr. Unsec’d. Notes	6.213		06/21/16	EUR	68		92,466
Instituto de Credito Oficial,
Gov’t. Gtd Notes, MTN	4.000		12/08/14	GBP	241		386,405
Gov’t. Gtd Notes, MTN	5.000		03/31/20	CAD	1,000		929,471
Spain Government Bond,
Bonds	2.750		04/30/19	EUR	700		947,134
Bonds, RegS	5.150		10/31/44	EUR	1,000		1,638,053
Sr. Unsec’d. Notes	4.800		01/31/24	EUR	1,500		2,331,067
Sr. Unsec’d. Notes	5.850		01/31/22	EUR	3,705		6,023,579
Spain Government International Bond,
Sr. Unsec’d. Notes, MTN, 144A	4.000		03/06/18		3,660		3,897,241

See Notes to Financial Statements.

22

Description	Interest Rate	Maturity Date		Principal Amount (000)#		Value (Note 1)
FOREIGN BONDS (Continued)
Spain (cont’d.)
Sr. Unsec’d. Notes, MTN, RegS	4.000%		03/06/18		1,000	$	1,064,820
							18,452,990
Supranational Bank    0.6%
African Development Bank,
Sr. Unsec’d. Notes	0.500		09/21/21	NZD	1,500		854,794
Sr. Unsec’d. Notes, MTN	0.500		09/29/20	AUD	445		309,471
European Investment Bank, Sr. Unsec’d. Notes, MTN	0.500		08/10/23	AUD	500		314,424
Sr. Unsec’d. Notes, MTN	0.500		10/26/23	AUD	710		434,600
Sr. Unsec’d. Notes, RegS	4.600		01/30/37	CAD	150		148,086
							2,061,375
Sweden    0.2%
Sweden Government Bond, Bonds	4.250		03/12/19	SEK	3,000		475,796
Sweden Government International Bond, Sr. Unsec’d. Notes, MTN	5.750		03/03/15	AUD	355		315,216
							791,012
Turkey    0.6%
Export Credit Bank of Turkey, Sr. Unsec’d. Notes, 144A	5.375		11/04/16		200		210,550
Turkey Government International Bond, Sr. Unsec’d. Notes	5.500		02/16/17	EUR	1,148		1,562,408
Sr. Unsec’d. Notes	5.875		04/02/19	EUR	247		354,118
							2,127,076
United Kingdom    2.1%
HSBC Holdings PLC, Sr. Unsec’d. Notes	5.100		04/05/21		85		95,929
Sub. Notes	6.500		09/15/37		125		155,490
Lloyds Bank PLC, Gtd. Notes	6.375		01/21/21		500		598,713
Gtd. Notes, MTN, 144A	5.800		01/13/20		245		284,254
Royal Bank of Scotland Group PLC, Gtd. Notes	6.125		01/11/21		325		382,116
Sr. Unsec’d. Notes, MTN	6.400		10/21/19		150		175,541
Stretford 79 PLC, Sr. Sec’d. Notes, 144A	6.750		07/15/24	GBP	600		806,245

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 23

Portfolio of Investments

as of October 31, 2014 continued

Description	Interest Rate	Maturity Date		Principal Amount (000)#		Value (Note 1)
FOREIGN BONDS (Continued)
United Kingdom (cont’d.)
United Kingdom Gilt, Bonds, RegS	2.250%		09/07/23	GBP	590	$	952,719
Bonds, RegS(d)	2.750		09/07/24	GBP	1,120		1,870,525
Bonds, RegS	4.250		03/07/36	GBP	100		195,463
Unsec’d. Notes, RegS	3.250		01/22/44	GBP	645		1,088,138
Virgin Media Secured Finance PLC, Sr. Sec’d. Notes, 144A	6.000		04/15/21	GBP	500		835,919
							7,441,052
Uruguay    0.1%
Uruguay Government International Bond, Sr. Unsec’d. Notes	6.875		01/19/16	EUR	103		138,103
Sr. Unsec’d. Notes	7.000		06/28/19	EUR	119		179,683
							317,786
TOTAL FOREIGN BONDS (cost $203,992,744)							204,407,035
ASSET-BACKED SECURITIES    16.5%
Collateralized Debt Obligations    1.1%
GEM Ligos III Ltd., Series 2006-3A, Class A1, 144A	0.661(e)		03/23/21		517		516,047
Series 2006-3A, Class A2, 144A	0.881(e)		03/23/21		2,000		1,928,565
GEMC Ltd., Series 2005-8A, Class A2, 144A	0.823(e)		06/23/17		414		413,805
Series 2005-8A, Class A3, 144A	1.123(e)		06/23/17		1,000		996,513
							3,854,930
Collateralized Loan Obligations    5.2%
AIMCO CLO, Series 2014-AA, Class B1, 144A	2.223(e)		07/20/26		3,000		2,887,501
ALM Ltd.,
Series 2014-11A, Class A2A, 144A	2.234(e)		10/17/26		2,000		1,932,896
Series 2014-14A, Class A2, 144A	2.334(e)		07/28/26		1,000		971,308
Anchorage Capital CLO 3 Ltd., Series 2014-3A, Class A2A, 144A	2.483(e)		04/28/26		250		244,505
Atlas Senior Loan Fund Ltd., Series 2014-6A, Class B, 144A	2.656(e)		10/15/26		1,000		983,141
Battalion CLO Ltd., Series 2014-5A, Class A2A, 144A	2.387(e)		04/17/26		500		488,234

See Notes to Financial Statements.

24

Description	Interest Rate	Maturity Date		Principal Amount (000)#		Value (Note 1)
ASSET-BACKED SECURITIES (Continued)
Collateralized Loan Obligations (cont’d.)
Catamaran CLO Ltd., Series 2014-1A, Class A2, 144A	2.031%(e)		04/20/26		5,000	$	4,776,572
Four Corners CLO Ltd., Series 2006-3A, Class A, 144A	0.482(e)		07/22/20		262		259,953
KVK CLO Ltd.,
Series 2014-1A, Class A1, 144A	1.819(e)		05/15/26		250		247,772
Series 2014-1A, Class B, 144A	2.479(e)		05/15/26		250		244,459
LightPoint Pan-European CLO PLC, Series 2006-1A, Class A, 144A	0.338(e)		01/31/22	EUR	56		70,364
Palmer Square CLO Ltd., Series 2014-1A, Class A2, 144A	2.068(e)		10/17/22		1,350		1,308,115
Regatta IV Funding Ltd., Series 2014-1A, Class B, 144A	2.275(e)		07/25/26		1,000		962,908
Rosedale CLO Ltd., Series I-A, Class B, 144A	0.703(e)		07/24/21		500		489,134
Shackleton CLO Ltd.,
Series 2013-3A, Class B2, 144A	3.440		04/15/25		250		242,451
Series 2014-6A, Class B1, 144A	2.392(e)		07/17/26		2,000		1,942,336
Slater Mill Loan Fund LP, Series 2012-1A, Class B, 144A	2.881(e)		08/17/22		250		248,291
							18,299,940
Residential Mortgage-Backed Securities    10.2%
ACE Securities Corp. Home Equity Loan Trust,
Series 2004-FM1, Class M1	1.052(e)		09/25/33		264		246,624
Series 2005-HE2, Class M4	1.112(e)		04/25/35		1,000		911,210
Aegis Asset-Backed Securities Trust, Mortgage Pass-Through Certificates, Series 2004-2, Class A5	1.052(e)		06/25/34		449		445,178
Aire Valley Mortgages PLC,
Series 2005-1X, Class 2A2, RegS	0.442(e)		09/20/66	EUR	1,319		1,620,745
Series 2006-1A, Class 1A, 144A	0.453(e)		09/20/66		2,974		2,892,468
Series 2007-1A, Class 2A1, 144A	0.473(e)		09/20/66		886		860,518
Series 2007-1X, Class 2A2, RegS	0.342(e)		09/20/66	EUR	1,052		1,285,537
Ameriquest Mortgage Securities, Inc., Asset-Backed Pass-Through Certificates,
Series 2002-3, Class M3	3.002(e)		08/25/32		612		574,303
Series 2004-R8, Class M1	1.112(e)		09/25/34		400		398,601

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 25

Portfolio of Investments

as of October 31, 2014 continued

Description	Interest Rate	Maturity Date		Principal Amount (000)#		Value (Note 1)
ASSET-BACKED SECURITIES (Continued)
Residential Mortgage-Backed Securities (cont’d.)
Argent Securities, Inc., Asset-Backed Pass-Through Certificates,
Series 2004-W6, Class M1	0.977%(e)		05/25/34		186	$	180,238
Series 2005-W2, Class A2C	0.512(e)		10/25/35		1,452		1,340,884
Asset-Backed Securities Corp. Home Equity Loan Trust, Series 2004-HE1, Class M1	1.203(e)		01/15/34		1,160		1,117,703
Bear Stearns Asset-Backed Securities Trust,
Series 2004-HE2, Class M1	1.052(e)		03/25/34		306		287,721
Series 2004-HE3, Class M2	1.877(e)		04/25/34		247		222,576
Chase Funding Loan Acquisition Trust, Series 2004-AQ1, Class A2	0.552(e)		05/25/34		393		383,354
Citicorp Residential Mortgage Trust, Series 2006-2, Class A4	5.775		09/25/36		498		522,893
Countrywide Asset-Backed Certificates, Series 2002-5, Class MV1	1.652(e)		03/25/33		185		180,505
Finance America Mortgage Loan Trust, Series 2004-2, Class M1	0.977(e)		08/25/34		982		902,153
Fremont Home Loan Trust, Series 2004-1, Class M1	0.827(e)		02/25/34		421		382,395
Series 2004-B, Class M1	1.022(e)		05/25/34		910		840,530
Granite Master Issuer PLC,
Series 2005-4, Class B4, RegS	0.366(e)		12/20/54	EUR	250		307,836
Series 2007-1, Class 5A1, RegS	0.723(e)		12/20/54	GBP	1,186		1,885,128
Series 2007-1, Class 6A1, RegS	0.693(e)		12/20/54	GBP	228		361,799
Series 2007-2, Class 3B2, RegS	0.326(e)		12/17/54	EUR	1,000		1,233,098
Granite Mortgages PLC,
Series 2003-3, Class 2M, RegS	1.481(e)		01/20/44	EUR	484		610,916
Series 2004-1, Class 2M, RegS	1.222(e)		03/20/44	EUR	1,000		1,254,026
Series 2004-3, Class 3B, RegS	1.266(e)		09/20/44	GBP	1,000		1,584,016
GSAMP Trust,
Series 2004-FM1, Class M1	1.127(e)		11/25/33		176		170,955
Series 2005-HE5, Class M1	0.572(e)		11/25/35		1,000		947,864
Home Equity Asset Trust, Series 2004-3, Class M1	1.007(e)		08/25/34		616		581,787
Series 2005-9, Class 2A4	0.492(e)		04/25/36		869		851,884
HSBC Home Equity Loan Trust U.S.A., Series 2007-2, Class A4	0.457(e)		07/20/36		400		392,039
Long Beach Mortgage Loan Trust, Series 2004-3, Class M1	1.007(e)		07/25/34		466		448,672
LSTAR Securities Investment Trust, Series 2014-1, Class NOTE, 144A	3.253(e)		09/01/21		1,487		1,485,037

See Notes to Financial Statements.

26

Description	Interest Rate	Maturity Date		Principal Amount (000)#		Value (Note 1)
ASSET-BACKED SECURITIES (Continued)
Residential Mortgage-Backed Securities (cont’d.)
Mastr Asset-Backed Securities Trust, Series 2004-OPT2, Class A1	0.852%(e)		09/25/34		375	$	349,223
Merrill Lynch Mortgage Investors Trust, Series 2004-HE2, Class M1	1.352(e)		08/25/35		209		199,647
Morgan Stanley ABS Capital I, Inc. Trust, Series 2003-NC8, Class M1	1.202(e)		09/25/33		280		264,315
Series 2004-NC1, Class M1	1.202(e)		12/27/33		325		312,982
Series 2004-OP1, Class M1	1.022(e)		11/25/34		437		390,880
Series 2004-WMC1, Class M1	1.082(e)		06/25/34		551		515,023
Series 2004-WMC2, Class M1	1.067(e)		07/25/34		206		196,575
Morgan Stanley Dean Witter Capital I, Inc. Trust, Series 2002-AM3, Class A3	1.132(e)		02/25/33		383		365,050
New Century Home Equity Loan Trust, Series 2003-4, Class M1	1.277(e)		10/25/33		349		334,918
Series 2005-C, Class A2C	0.402(e)		12/25/35		652		637,750
Option One Mortgage Acceptance Corp., Asset-Backed Certificates, Series 2003-6, Class A2	0.812(e)		11/25/33		291		272,355
Popular ABS Mortgage Pass-Through Trust, Series 2004-4, Class M1	4.811		09/25/34		152		145,089
Structured Asset Investment Loan Trust, Series 2003-BC3, Class M1	1.577(e)		04/25/33		1,854		1,811,372
Series 2004-2, Class A4	0.857(e)		03/25/34		106		97,945
Series 2004-8, Class A8	1.152(e)		09/25/34		376		371,570
Structured Asset Securities Corp. Mortgage Loan Trust, Series 2005-NC2, Class M3	0.582(e)		05/25/35		530		511,900
Vericrest Opportunity Loan Transferee, Series 2014-NPL7, Class A1, 144A	3.375		08/27/57		1,000		981,053
Wells Fargo Mortgage-Backed Securities Trust, Series 2007-5, Class 1A1	5.500		05/25/37		400		419,642
							35,888,482
TOTAL ASSET-BACKED SECURITIES (cost $56,800,104)							58,043,352
BANK LOANS(e)    0.8%
Consumer    0.1%
OGF SA (France), Private Placement (original cost $314,443; purchased 09/04/13)(a)(b)	4.004		10/30/20	EUR	240		301,334

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 27

Portfolio of Investments

as of October 31, 2014 continued

Description	Interest Rate	Maturity Date		Principal Amount (000)#		Value (Note 1)
BANK LOANS(e) (Continued)
Financials    0.1%
Scandlines GmbH (Germany)	4.506%		11/04/20	EUR	375	$	471,106
Gaming
CCM Merger, Inc. (original cost $121,531; purchased 07/30/14)(a)(b)	4.500		08/06/21		122		121,837
Healthcare & Pharmaceutical    0.1%
Alere, Inc.	3.154		06/30/16		95		93,733
Grifols SA	3.235		02/26/21		174		171,671
RPI Finance Trust	3.250		11/09/18		146		145,587
							410,991
Retailers    0.2%
Alliance Boots Holdings Ltd. (United Kingdom)	3.984		07/09/17	GBP	400		639,077
Technology    0.3%
Avago Technologies Finance Pte. Ltd. (Singapore)	3.750		05/06/21		299		298,128
First Data Corp.	3.733		09/24/18		300		294,250
TransUnion LLC/TransUnion Financing Corp.	4.000		04/09/21		249		244,863
							837,241
TOTAL BANK LOANS (cost $2,817,017)							2,781,586
COMMERCIAL MORTGAGE-BACKED SECURITIES    5.9%
Citigroup Commercial Mortgage Trust, Series 2014-GC21, Class XB, IO	0.330(e)		05/10/47		27,500		973,170
COMM Mortgage Trust,
Series 2014-CR19, Class A3	3.530		08/10/47		1,000		1,034,092
Series 2014-UBS4, Class XB, IO, 144A	0.284(e)		08/10/47		50,000		975,150
Credit Suisse Mortgage Trust, Series 2014-ICE, Class X1CP, IO, 144A	1.686(e)		04/15/27		32,000		778,810
FHLMC Multifamily Structured Pass-Through Certificates,
Series K006, Class AX1, IO	1.025(e)		01/25/20		20,703		917,529
Series K007, Class X1, IO	1.188(e)		04/25/20		32,303		1,546,902
Series K008, Class X1, IO	1.656(e)		06/25/20		14,245		1,001,098
Series K019, Class X1, IO	1.734(e)		03/25/22		10,731		1,087,399
Series K025, Class X1, IO	0.901(e)		10/25/22		20,558		1,172,987
GE Capital Commercial Mortgage Corp., Series 2005-C3, Class AJ	5.065(e)		07/10/45		1,600		1,640,174

See Notes to Financial Statements.

28

Description	Interest Rate	Maturity Date		Principal Amount (000)#		Value (Note 1)
COMMERCIAL MORTGAGE-BACKED SECURITIES (Continued)
GS Mortgage Securities Trust,
Series 2013-GC14, Class XA, IO	0.920%(e)		08/10/46		39,733	$	1,970,147
Series 2014-GC20, Class XB, IO	0.338(e)		04/10/47		30,000		1,052,700
Series 2014-GC22, Class XB, IO	0.255(e)		06/10/47		35,000		981,628
Series 2014-GC24, Class XB, IO	0.021(e)		09/10/47		83,262		141,379
JPMorgan Chase Commercial Mortgage Securities Trust,
Series 2005-LDP2, Class AJ	4.842(e)		07/15/42		1,000		1,019,073
Series 2014-FL5, Class XCP, IO, 144A	0.451(e)		05/15/16		258,350		1,137,360
UBS-Barclays Commercial Mortgage Trust, Series 2012-C2, Class XA, IO, 144A	1.765(e)		05/10/63		6,329		516,125
Wachovia Bank Commercial Mortgage Trust,
Series 2005-C20, Class AJ	5.159(e)		07/15/42		1,000		1,026,519
Series 2007-C32, Class A1A	5.716(e)		06/15/49		1,807		1,957,377
TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES (cost $21,201,363)							20,929,619
CORPORATE BONDS    14.1%
Aerospace & Defense    0.2%
B/E Aerospace, Inc., Sr. Unsec’d. Notes	5.250		04/01/22		350		389,375
Textron, Inc., Sr. Unsec’d. Notes	7.250		10/01/19		200		238,815
							628,190
Airlines    0.2%
Continental Airlines, Inc., Pass-Through Trust, Pass-Through Certificates, Series 2010-1, Class A	4.750		01/12/21		83		88,786
Delta Air Lines, Inc., Pass-Through Trust, Pass-Through Certificates, Series 2007-1, Class A	6.821		08/10/22		189		217,963
Series 2010-2, Class A	4.950		05/23/19		18		19,306
Series 2011-1, Class A	5.300		04/15/19		180		195,743
UAL Pass-Through Trust, Pass-Through Certificates, Series 2007-071A, Class A	6.636		07/02/22		98		105,313
							627,111
Banking    3.6%
Bank of America Corp., Jr. Sub. Notes(a)	6.500(e)		12/31/49		1,000		1,027,500

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 29

Portfolio of Investments

as of October 31, 2014 continued

Description	Interest Rate	Maturity Date		Principal Amount (000)#		Value (Note 1)
CORPORATE BONDS (Continued)
Banking (cont’d.)
Bank of America Corp., (Continued)
Series K, Jr. Sub. Notes	8.000%(e)		12/29/49		235	$	252,919
Series M, Jr. Sub. Notes	8.125(e)		12/29/49		700		759,500
Sr. Unsec’d. Notes, MTN	5.875		02/07/42		410		500,921
Citigroup, Inc., Sr. Unsec’d. Notes	4.500		01/14/22		425		461,080
Sr. Unsec’d. Notes	8.125		07/15/39		110		165,547
Sr. Unsec’d. Notes	8.500		05/22/19		605		759,105
Goldman Sachs Group, Inc. (The), Jr. Sub. Notes	5.700(e)		12/31/49		1,645		1,682,013
Sr. Unsec’d. Notes	5.250		07/27/21		1,200		1,337,792
Sr. Unsec’d. Notes, MTN	4.800		07/08/44		225		232,341
Sub. Notes	6.750		10/01/37		185		226,805
JPMorgan Chase & Co., Jr. Sub. Notes	5.000(e)		12/31/49		1,000		983,750
Jr. Sub. Notes	7.900(e)		04/29/49		450		487,688
Sub. Notes(d)	3.875		09/10/24		2,000		1,986,986
Morgan Stanley, Jr. Sub. Notes	5.450(e)		12/31/49		1,415		1,421,634
Sr. Unsec’d. Notes	6.375		07/24/42		325		418,457
							12,704,038
Brokerage    0.2%
Jefferies Group LLC, Sr. Unsec’d. Notes	6.875		04/15/21		500		585,590
Lehman Brothers Holdings, Inc., Sr. Unsec’d. Notes(h)	6.875		05/02/18		100		15,250
							600,840
Building Materials & Construction    0.6%
Building Materials Corp. of America, Sr. Unsec’d. Notes, 144A	5.375		11/15/24		525		526,312
KB Home, Gtd. Notes	7.500		09/15/22		1,000		1,077,500
Owens Corning, Gtd. Notes	4.200		12/15/22		270		271,801
Toll Brothers Finance Corp., Gtd. Notes	5.150		05/15/15		420		427,350
							2,302,963
Cable    0.7%
CCO Holdings LLC/CCO Holdings Capital Corp., Gtd. Notes	7.000		01/15/19		1,000		1,042,500

See Notes to Financial Statements.

30

Description	Interest Rate	Maturity Date		Principal Amount (000)#		Value (Note 1)
CORPORATE BONDS (Continued)
Cable (cont’d.)
CCOH Safari LLC, Gtd. Notes	5.750%		12/01/24		675	$	678,797
CSC Holdings LLC, Sr. Unsec’d. Notes	6.750		11/15/21		325		361,562
Sr. Unsec’d. Notes	8.625		02/15/19		185		217,144
Time Warner Cable, Inc., Gtd. Notes	8.750		02/14/19		300		376,824
							2,676,827
Capital Goods    0.6%
Actuant Corp., Gtd. Notes	5.625		06/15/22		400		415,000
ERAC USA Finance LLC, Gtd. Notes, 144A (original cost $221,242; purchased 10/26/11)(a)(b)	7.000		10/15/37		190		249,968
United Rentals North America, Inc., Gtd. Notes	7.375		05/15/20		500		542,500
Gtd. Notes	7.625		04/15/22		750		836,250
Xylem, Inc., Sr. Unsec’d. Notes	4.875		10/01/21		225		248,660
							2,292,378
Chemicals    0.2%
Ashland, Inc., Gtd. Notes	4.750		08/15/22		300		302,250
Sr. Unsec’d. Notes	3.875		04/15/18		175		177,844
Dow Chemical Co. (The), Sr. Unsec’d. Notes	9.400		05/15/39		152		242,575
							722,669
Electric    1.0%
AES Corp. (The), Sr. Unsec’d. Notes	9.750		04/15/16		130		143,650
DPL, Inc., Sr. Unsec’d. Notes, 144A	6.750		10/01/19		700		722,750
Dynegy Finance I, Inc./Dynegy Finance II, Inc., Sr. Sec’d. Notes, 144A	6.750		11/01/19		650		672,750
Sr. Sec’d. Notes, 144A	7.375		11/01/22		350		370,125
NRG Energy, Inc., Gtd. Notes	8.250		09/01/20		1,500		1,621,875
Public Service Co. of New Mexico, Sr. Unsec’d. Notes	7.950		05/15/18		50		59,597
							3,590,747
Energy - Other    0.1%
Anadarko Petroleum Corp., Sr. Unsec’d. Notes	6.450		09/15/36		35		43,197

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 31

Portfolio of Investments

as of October 31, 2014 continued

Description	Interest Rate	Maturity Date		Principal Amount (000)#		Value (Note 1)
CORPORATE BONDS (Continued)
Energy - Other (cont’d.)
Nabors Industries, Inc., Gtd. Notes	4.625%		09/15/21		170	$	179,340
							222,537
Foods    0.7%
Aramark Services, Inc., Gtd. Notes	5.750		03/15/20		475		496,375
Ingles Markets, Inc., Sr. Unsec’d. Notes	5.750		06/15/23		675		688,500
Tops Holding Corp./Tops Markets LLC, Sr. Sec’d. Notes	8.875		12/15/17		1,250		1,284,375
							2,469,250
Gaming    0.6%
MTR Gaming Group, Inc., Sec’d. Notes	11.500		08/01/19		1,000		1,097,500
Pinnacle Entertainment, Inc., Gtd. Notes	7.500		04/15/21		205		218,838
Gtd. Notes	8.750		05/15/20		650		690,625
							2,006,963
Healthcare & Pharmaceutical    0.7%
CHS/Community Health Systems, Inc., Gtd. Notes	7.125		07/15/20		750		811,875
HCA, Inc., Sr. Sec’d. Notes	6.500		02/15/20		1,500		1,674,375
							2,486,250
Insurance    0.2%
Allied World Assurance Co. Holdings Ltd., Gtd. Notes	5.500		11/15/20		30		33,653
Chubb Corp. (The), Jr. Sub. Notes	6.375(e)		03/29/67		140		152,600
Hartford Financial Services Group, Inc. (The), Sr. Unsec’d. Notes	5.125		04/15/22		175		195,558
Liberty Mutual Group, Inc., Sr. Unsec’d. Notes, 144A	6.500		03/15/35		90		109,595
Lincoln National Corp., Jr. Sub. Notes	6.050(e)		04/20/67		30		30,525
Progressive Corp. (The), Jr. Sub. Notes	6.700(e)		06/15/37		100		109,750
Willis Group Holdings PLC, Gtd. Notes	4.125		03/15/16		100		103,625
							735,306
Media & Entertainment    1.2%
21st Century Fox America, Inc., Gtd. Notes	6.150		03/01/37		415		506,751
Gtd. Notes	6.900		08/15/39		60		78,661

See Notes to Financial Statements.

32

Description	Interest Rate	Maturity Date		Principal Amount (000)#		Value (Note 1)
CORPORATE BONDS (Continued)
Media & Entertainment (cont’d.)
AMC Networks, Inc., Gtd. Notes	7.750%		07/15/21		1,000	$	1,090,000
Historic TW, Inc., Gtd. Notes	6.625		05/15/29		225		284,168
Liberty Interactive LLC, Sr. Unsec’d. Notes	8.250		02/01/30		500		545,000
NAI Entertainment Holdings/NAI Entertainment Holdings Finance Corp., Sr. Sec’d. Notes, 144A (original cost $1,032,500; purchased 08/27/14)(a)(b)	5.000		08/01/18		1,000		1,025,000
RR Donnelley & Sons Co., Sr. Unsec’d. Notes	8.600		08/15/16		450		495,000
Viacom, Inc., Sr. Unsec’d. Notes (original cost $230,742; purchased 12/13/12)(a)(b)	4.500		02/27/42		233		221,583
							4,246,163
Metals    0.1%
Peabody Energy Corp., Gtd. Notes	6.000		11/15/18		400		387,000
Non-Captive Finance    0.3%
International Lease Finance Corp., Sr. Unsec’d. Notes	5.750		05/15/16		75		78,188
Sr. Unsec’d. Notes	6.250		05/15/19		125		136,719
Navient Corp., Sr. Unsec’d. Notes, MTN	5.050		11/14/14		510		510,000
Sr. Unsec’d. Notes, MTN	6.000		01/25/17		75		79,125
Sr. Unsec’d. Notes, MTN	8.450		06/15/18		225		257,062
							1,061,094
Packaging
Greif, Inc., Sr. Unsec’d. Notes	7.750		08/01/19		140		160,300
Paper    0.3%
International Paper Co., Sr. Unsec’d. Notes	6.000		11/15/41		130		149,815
Sr. Unsec’d. Notes	7.300		11/15/39		75		98,301
MeadWestvaco Corp., Sr. Unsec’d. Notes	7.375		09/01/19		450		537,337
Rock-Tenn Co., Gtd. Notes	4.450		03/01/19		175		187,530
							972,983
Pipelines & Other    0.5%
Ferrellgas Partners LP/Ferrellgas Partners Finance Corp., Sr. Unsec’d. Notes	8.625		06/15/20		750		780,000

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 33

Portfolio of Investments

as of October 31, 2014 continued

Description	Interest Rate	Maturity Date		Principal Amount (000)#		Value (Note 1)
CORPORATE BONDS (Continued)
Pipelines & Other (cont’d.)
Kinder Morgan Energy Partners LP, Sr. Unsec’d. Notes	7.300%		08/15/33		170	$	206,538
Targa Resources Partners LP/Targa Resources Partners Finance Corp., Gtd. Notes	6.875		02/01/21		600		645,000
							1,631,538
Railroads    0.1%
Norfolk Southern Corp., Sr. Unsec’d. Notes	6.000		03/15/2105		300		366,444
Real Estate Investment Trusts    0.1%
MPT Operating Partnership LP/MPT Finance Corp., Gtd. Notes, MTN	5.750		10/01/20	EUR	200		267,547
Technology    1.2%
Brightstar Corp., Gtd. Notes, 144A (original cost $1,063,344; purchased 08/06/14)(a)(b)	9.500		12/01/16		1,000		1,052,700
CommScope, Inc., Gtd. Notes, 144A	5.000		06/15/21		200		199,500
First Data Corp., Gtd. Notes	12.625		01/15/21		1,250		1,509,375
Jabil Circuit, Inc., Sr. Unsec’d. Notes	4.700		09/15/22		655		655,000
Seagate HDD Cayman, Gtd. Notes	6.875		05/01/20		273		289,721
Gtd. Notes, 144A	3.750		11/15/18		305		314,150
SunGard Data Systems, Inc., Gtd. Notes	7.625		11/15/20		150		159,938
							4,180,384
Telecommunications    0.6%
Qwest Corp., Sr. Unsec’d. Notes	6.500		06/01/17		465		515,672
Sprint Capital Corp., Gtd. Notes	6.900		05/01/19		1,000		1,060,000
Sprint Communications, Inc., Sr. Unsec’d. Notes	7.000		08/15/20		400		424,000
							1,999,672
Tobacco    0.1%
Altria Group, Inc., Gtd. Notes	9.950		11/10/38		81		135,857
Lorillard Tobacco Co., Gtd. Notes	8.125		06/23/19		80		98,002
							233,859
TOTAL CORPORATE BONDS (cost $47,941,443)							49,573,053

See Notes to Financial Statements.

34

Description	Interest Rate	Maturity Date		Principal Amount (000)#		Value (Note 1)
MUNICIPAL BONDS    1.0%
Connecticut    0.1%
State of Connecticut Special Tax Revenue, Revenue Bonds, BABs	5.459%		11/01/30		275	$	306,243
New York    0.1%
City of New York, NY, GO, BABs	5.968		03/01/36		250		311,563
Puerto Rico    0.8%
Commonwealth of Puerto Rico, GO	2.973(e)		07/01/20		300		281,175
GO	4.000		07/01/15		380		384,746
GO	4.000		07/01/16		240		245,083
GO	5.000		07/01/15		70		71,274
GO	5.250		07/01/17		125		128,505
GO	5.500		07/01/16		345		357,762
Puerto Rico Electric Power Authority, Series JJ, Revenue Bonds	5.250		07/01/15		10		10,101
Puerto Rico Highways & Transportation Authority, Revenue Bonds, CABs	7.140(i)		07/01/27		200		82,264
Series E, Revenue Bonds	5.500		07/01/17		250		256,452
Puerto Rico Municipal Finance Agency, Series B, Revenue Bonds	5.250		07/01/16		130		132,063
Series C, Revenue Bonds	5.000		08/01/15		215		216,481
Series C, Revenue Bonds	5.000		08/01/16		175		176,463
Puerto Rico Sales Tax Financing Corp., Revenue Bonds, CABs	4.570(i)		08/01/41		1,265		377,742
							2,720,111
Tennessee
Metropolitan Government of Nashville & Davidson County Convention Center Authority, Revenue Bonds, BABs	6.731		07/01/43		125		163,976
TOTAL MUNICIPAL BONDS (cost $3,228,317)							3,501,893
U.S. GOVERNMENT AGENCY OBLIGATIONS    0.4%
Federal National Mortgage Assoc.	5.375		12/07/28	GBP	231		461,789
Tennessee Valley Authority, Sr. Unsec’d. Notes	5.350		06/07/21	GBP	430		807,499
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS (cost $1,291,593)							1,269,288

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 35

Portfolio of Investments

as of October 31, 2014 continued

Description	Interest Rate	Maturity Date		Principal Amount (000)#		Value (Note 1)
U.S. TREASURY OBLIGATIONS    0.2%
U.S. Treasury Bonds	3.375%		05/15/44		730	$	774,427
U.S. Treasury Notes	2.375		08/15/24		120		120,469
TOTAL U.S. TREASURY OBLIGATIONS (cost $879,160)							894,896

	Shares
PREFERRED STOCK
Banking
Citigroup Capital XIII, 7.875%(e), (Capital Security, fixed to floating preferred) (cost $100,000)		4,000	106,480
TOTAL LONG-TERM INVESTMENTS (cost $338,251,741)			341,507,202
SHORT-TERM INVESTMENTS    1.1%
AFFILIATED MONEY MARKET MUTUAL FUND    0.8%
Prudential Investment Portfolios 2 - Prudential Core Taxable Money Market Fund (cost $2,674,400)(j)		2,674,400	2,674,400

	Counterparty	Notional Amount (000)#
OPTIONS PURCHASED*    0.3%
Call Options    0.2%
5 Year U.S. Treasury Notes Futures, expiring 11/21/14, Strike Price $118.75			45,100	359,391
U.S. Long Bond Futures, expiring 11/21/14, Strike Price $143.00			7,300	31,937
U.S. Long Bond Futures, expiring 11/21/14, Strike Price $149.00			7,300	2,281
U.S. Ultra Bonds Futures, expiring 11/21/14, Strike Price $150.00			3,500	241,719
U.S. Ultra Bonds Futures, expiring 11/21/14, Strike Price $156.00			3,500	72,187
United States Dollar/Colombian Peso @ FX Rate 3000, expiring 09/15/15	Citigroup Global Markets		3,500	6,846
United States Dollar/Japanese Yen @ FX Rate 125, expiring 06/29/15	Citigroup Global Markets		8,000	31,336

See Notes to Financial Statements.

36

Description	Counterparty	Notional Amount (000)#		Value (Note 1)
OPTIONS PURCHASED* (Continued)
Call Options (cont’d.)
United States Dollar/New Zealand Dollar @ FX Rate 0.50, expiring 09/07/15	Citigroup Global Markets		3,000	$	2,643
					748,340
Put Options    0.1%
5 Year CDX.NA.HY.22.V2, expiring 12/17/2014, Strike Price $107.00	Morgan Stanley		6,000		64,196
Eurodollars 1 Year Mid-Curve Futures, expiring 12/12/14, Strike Price $98.38			87,500		2,188
Eurodollars 1 Year Mid-Curve Futures, expiring 12/12/14, Strike Price $99.00			87,500		24,062
United States Dollar/Chinese Renminbi @ FX Rate 6.085, expiring 01/13/15	Citigroup Global Markets		5,000		4,022
United States Dollar/Chinese Renminbi @ FX Rate 6.090, expiring 02/06/15	Citigroup Global Markets		10,000		11,685
United States Dollar/Chinese Renminbi @ FX Rate 6.160, expiring 02/18/15	Goldman Sachs & Co.		5,000		25,454
United States Dollar/Chinese Renminbi @ FX Rate 6.230, expiring 06/23/15	Citigroup Global Markets		4,500		44,486
United States Dollar/Colombian Peso @ FX Rate 1975, expiring 09/15/15	Citigroup Global Markets		3,500		25,213
United States Dollar/Euro @ FX Rate 1.050, expiring 07/30/15	Citigroup Global Markets		4,400		6,128
United States Dollar/Euro @ FX Rate 1.290, expiring 01/28/15	UBS AG		2,200		91,830
United States Dollar/New Zealand Dollar @ FX Rate 0.840, expiring 09/07/15	Citigroup Global Markets		3,000		9,794
					309,058
TOTAL OPTIONS PURCHASED (cost $1,103,842)					1,057,398
TOTAL SHORT-TERM INVESTMENTS (cost $3,778,242)					3,731,798
TOTAL INVESTMENTS, BEFORE OPTIONS WRITTEN    98.0% (cost $342,029,983; Note 5)					345,239,000

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 37

Portfolio of Investments

as of October 31, 2014 continued

Description	Counterparty	Notional Amount (000)#		Value (Note 1)
OPTIONS WRITTEN*    (0.4)%
Call Options    (0.3)%
5 Year CDX.NA.HY.22.V2, expiring 12/17/14, Strike Price $108.50	Morgan Stanley		6,000	$	(16,286	)
5 Year U.S. Treasury Notes Futures, expiring 11/21/14, Strike Price $119.75			45,100		(95,133	)
U.S. Long Bond Futures, expiring 11/21/14, Strike Price $146.00			14,600		(13,687	)
U.S. Ultra Bonds Futures, expiring 11/21/14, Strike Price $153.00			7,000		(293,125	)
United States Dollar/Colombian Peso @ FX Rate 2250, expiring 09/15/15	Citigroup Global Markets		3,500		(59,033	)
United States Dollar/Czech Koruna @ FX Rate 23.000, expiring 06/23/15	Deutsche Bank AG		5,000		(76,154	)
United States Dollar/Japanese Yen @ FX Rate 106.000, expiring 06/29/15	Citigroup Global Markets		8,000		(509,935	)
United States Dollar/New Zealand Dollar @ FX Rate 0.750, expiring 09/07/15	Citigroup Global Markets		3,000		(101,149	)
					(1,164,502	)
Put Options    (0.1)%
5 Year CDX.NA.HY.22.V2, expiring 12/17/2014, Strike Price $103.00	Morgan Stanley		6,000		(13,432	)
Eurodollars 1 Year Mid-Curve Futures, expiring 12/12/14, Strike Price $98.63			87,500		(2,188	)
Eurodollars 1 Year Mid-Curve Futures, expiring 12/12/14, Strike Price $98.88			75,000		(9,375	)
Eurodollars 1 Year Mid-Curve Futures, expiring 12/12/14, Strike Price 98.75			12,500		(625	)
United States Dollar/Euro @ FX Rate 1.250, expiring 07/29/15	Barclays Capital Group		2,200		(65,792	)
United States Dollar/Euro @ FX Rate 1.250, expiring 07/29/15	UBS AG		2,200		(65,792	)
United States Dollar/Euro @ FX Rate 1.290, expiring 01/28/15	Barclays Capital Group		2,200		(91,830	)
United States Dollar/Japanese Yen @ FX Rate 96, expiring 06/29/15	Citigroup Global Markets		8,000		(14,333	)
					(263,367	)
TOTAL OPTIONS WRITTEN (premiums received $820,730)					(1,427,869	)

See Notes to Financial Statements.

38

Description	Value (Note 1)
TOTAL INVESTMENTS, NET OF OPTIONS WRITTEN    97.6% (cost $341,209,253)	$	343,811,131
Other assets in excess of liabilities(k)    2.4%		8,318,130
NET ASSETS    100.0%	$	352,129,261

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.

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.

ABS—Asset-Backed Security

BABs—Build America Bonds

BBR—New Zealand Bank Bill Rate

BBSW—Australian Bank Bill Swap Reference Rate

BIBOR—Bangkok Interbank Offered Rate

bps—Basis Points

BUBOR—Budapest Interbank Offered Rate

BZDIOVER—Overnight Brazil Cetip Interbank Deposit

CABs—Capital Appreciation Bonds

CDX—Credit Derivative Index

CIBOR—Copenhagen Interbank Offered Rate

CLICP—Chilean Indice Camara Promedio

CLO—Collateralized Loan Obligation

CMBX—Commercial Mortgage Backed Securities Index

COLIBOR—Columbia Interbank Offered Rate

CP—Commerical Paper

CPI—Consumer Price Index

EIBOR—Emirates Interbank Offered Rate

EONIA—Euro Overnight Index Average

EURIBOR—Euro Interbank Offered Rate

FHLMC—Federal Home Loan Mortgage Corp.

GO—General Obligation

HIBOR—Hong Kong Interbank Offered Rate

HICP—Harmonized Index of Consumer Prices

IO—Interest Only

JIBAR—Johannesburg Interbank Agreed Rate

KLIBOR—Kuala Lumpur Interbank Offered Rate

LIBOR—London Interbank Offered Rate

MIBOR—Mumbai Interbank Offered Rate

MOSPRIME—Moscow Prime Offered Rate

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 39

Portfolio of Investments

as of October 31, 2014 continued

MTN—Medium Term Note

NIBOR—Norwegian Interbank Offered Rate

OIS—Overnight Index Swap

PRIBOR—Prague Interbank Offered Rate

SIBOR—Singapore Interbank Offered Rate

STIBOR—Stockholm Interbank Offered Rate

TELBOR—Tel Aviv Interbank Offered Rate

WIBOR—Warsaw Interbank Offered Rate

AED—United Arab Emirates Dirham

AUD—Australian Dollar

BRL—Brazilian Real

CAD—Canadian Dollar

CHF—Swiss Franc

CLP—Chilean Peso

CNH—Chinese 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

ITL—Italian Lira

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 Ruble

SEK—Swedish Krona

SGD—Singapore Dollar

THB—Thai Baht

TRY—Turkish Lira

TWD—New Taiwanese Dollar

ZAR—South African Rand

See Notes to Financial Statements.

40

* Non-income producing security.

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

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

(b) Indicates a restricted security; the aggregate original cost of the restricted securities is $3,387,283. The aggregate value of $3,387,240 is approximately 1.0% of net assets.

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

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

(e) Variable rate instrument. The interest rate shown reflects the rate in effect at October 31, 2014.

(f) The rate shown reflects the coupon rate after the step date.

(g) Represents a zero coupon or step bond. Rate quoted represents yield to maturity at purchase date.

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

(i) Represents a zero coupon or step bond. Rate quoted represents effective yield at October 31, 2014.

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

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

Futures contracts outstanding at October 31, 2014:

Number of Contracts		Type	Expiration Date		Value at Trade Date		Value at October 31, 2014		Unrealized Appreciation(1)
		Long Positions:
	411	5 Year U.S. Treasury Notes		Dec. 2014	$	48,762,449	$	49,085,602	$	323,153
	92	U.S. Ultra Bonds		Dec. 2014		14,025,953		14,426,750		400,797
										723,950
		Short Positions:
	79	2 Year U.S. Treasury Notes		Dec. 2014		17,373,181		17,345,438		27,743
	27	10 Year U.S. Treasury Notes		Dec. 2014		3,439,841		3,411,703		28,138
	9	U.S. Long Bonds		Dec. 2014		1,276,020		1,269,844		6,176
										62,057
									$	786,007

(1) Canadian Government Bonds with a market value of $768,079 have been segregated with J.P. Morgan Securities LLC to cover requirements for open contracts at October 31, 2014.

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 41

Portfolio of Investments

as of October 31, 2014 continued

Forward foreign currency exchange contracts outstanding at October 31, 2014:

Purchase Contracts	Counterparty	Notional Amount (000)		Value at Settlement Date Payable		Current Value		Unrealized Appreciation (Depreciation)
Australian Dollar,
Expiring 01/16/15	BNP Paribas	AUD	2,071	$	1,809,900	$	1,812,415	$	2,515
Expiring 01/16/15	Citigroup Global Markets	AUD	170		147,856		149,186		1,330
Expiring 01/16/15	Citigroup Global Markets	AUD	1,203		1,050,900		1,052,737		1,837
Brazilian Real,
Expiring 12/11/14	BNP Paribas	BRL	824		333,000		328,347		(4,653	)
Expiring 12/11/14	BNP Paribas	BRL	1,650		677,200		657,651		(19,549	)
Expiring 12/11/14	BNP Paribas	BRL	2,226		904,100		887,358		(16,742	)
Expiring 12/11/14	BNP Paribas	BRL	2,601		1,061,000		1,036,890		(24,110	)
Expiring 12/11/14	Citigroup Global Markets	BRL	349		141,200		139,211		(1,989	)
Expiring 12/11/14	Citigroup Global Markets	BRL	820		333,000		326,994		(6,006	)
Expiring 12/11/14	Citigroup Global Markets	BRL	1,330		541,748		530,163		(11,585	)
Expiring 12/11/14	Citigroup Global Markets	BRL	2,278		952,100		908,054		(44,046	)
British Pound,
Expiring 01/28/15	JPMorgan Chase	GBP	1,086		1,746,400		1,736,712		(9,688	)
Expiring 01/28/15	JPMorgan Chase	GBP	6,085		9,780,065		9,726,673		(53,392	)
Expiring 01/28/15	UBS AG	GBP	1,089		1,760,100		1,741,425		(18,675	)
Canadian Dollar,
Expiring 01/16/15	BNP Paribas	CAD	984		882,300		871,631		(10,669	)
Expiring 01/16/15	Citigroup Global Markets	CAD	2,007		1,782,700		1,776,922		(5,778	)
Expiring 01/16/15	Citigroup Global Markets	CAD	13,183		11,713,502		11,673,386		(40,116	)
Expiring 01/16/15	JPMorgan Chase	CAD	1,966		1,744,600		1,741,179		(3,421	)
Expiring 01/16/15	UBS AG	CAD	1,179		1,050,900		1,043,877		(7,023	)
Chilean Peso,
Expiring 01/12/15	BNP Paribas	CLP	523,784		875,600		904,238		28,638
Expiring 01/12/15	Citigroup Global Markets	CLP	904,149		1,540,000		1,560,885		20,885
Expiring 01/15/15	Barclays Capital Group	CLP	1,485,369		2,523,135		2,563,537		40,402
Expiring 01/15/15	BNP Paribas	CLP	450,593		760,700		777,659		16,959
Expiring 01/15/15	Citigroup Global Markets	CLP	512,043		882,300		883,713		1,413
Chinese Renminbi,
Expiring 01/15/15	Barclays Capital Group	CNH	3,019		490,682		490,707		25
Expiring 01/15/15	Citigroup Global Markets	CNH	37,257		6,021,651		6,055,976		34,325
Expiring 01/15/15	Hong Kong & Shanghai Bank	CNH	6,212		1,004,064		1,009,714		5,650
Expiring 01/15/15	JPMorgan Chase	CNH	59,952		9,690,758		9,744,973		54,215
Expiring 01/15/15	UBS AG	CNH	13,751		2,222,472		2,235,122		12,650

See Notes to Financial Statements.

42

Purchase Contracts	Counterparty	Notional Amount (000)		Value at Settlement Date Payable		Current Value		Unrealized Appreciation (Depreciation)
Colombian Peso,
Expiring 12/11/14	Barclays Capital Group	COP	1,914,962	$	961,326	$	926,395	$	(34,931	)
Expiring 12/11/14	Barclays Capital Group	COP	2,970,726		1,501,125		1,443,853		(57,272	)
Expiring 12/11/14	BNP Paribas	COP	1,447,243		705,800		700,128		(5,672	)
Expiring 12/11/14	Citigroup Global Markets	COP	2,228,916		1,085,000		1,078,276		(6,724	)
Hungarian Forint,
Expiring 11/24/14	Barclays Capital Group	HUF	418,442		1,739,903		1,700,816		(39,087	)
Expiring 11/24/14	Barclays Capital Group	HUF	1,453,254		6,044,708		5,906,948		(137,760	)
Expiring 01/22/15	Barclays Capital Group	HUF	432,345		1,768,299		1,754,970		(13,329	)
Expiring 01/22/15	Deutsche Bank AG	HUF	428,236		1,760,100		1,738,294		(21,806	)
Indian Rupee,
Expiring 11/03/14	UBS AG	INR	42,775		697,800		696,224		(1,576	)
Expiring 11/03/14	UBS AG	INR	47,429		770,200		771,970		1,770
Expiring 11/03/14	UBS AG	INR	47,472		783,100		772,664		(10,436	)
Expiring 11/03/14	UBS AG	INR	48,400		788,400		787,774		(626	)
Expiring 11/03/14	UBS AG	INR	52,710		866,800		857,929		(8,871	)
Expiring 11/03/14	UBS AG	INR	80,075		1,281,400		1,303,325		21,925
Expiring 11/03/14	UBS AG	INR	80,181		1,296,700		1,305,062		8,362
Expiring 01/28/15	Barclays Capital Group	INR	399,042		6,417,835		6,375,101		(42,734	)
Indonesia Rupiah,
Expiring 12/15/14	Citigroup Global Markets	IDR	23,988,470		1,934,632		1,969,837		35,205
Japanese Yen,
Expiring 01/28/15	Bank of America	JPY	163,341		1,531,955		1,455,743		(76,212	)
Expiring 01/28/15	BNP Paribas	JPY	2,842,420		26,304,510		25,332,450		(972,060	)
Malaysian Ringgit,
Expiring 01/09/15	Barclays Capital Group	MYR	5,327		1,625,380		1,611,134		(14,246	)
Expiring 01/09/15	Citigroup Global Markets	MYR	3,428		1,038,160		1,036,690		(1,470	)
Expiring 01/09/15	Goldman Sachs & Co.	MYR	5,142		1,557,144		1,555,034		(2,110	)
Expiring 04/07/15	UBS AG	MYR	2,513		764,900		755,702		(9,198	)
Mexican Peso,
Expiring 01/22/15	Goldman Sachs & Co.	MXN	78,600		5,774,796		5,807,682		32,886
Expiring 01/22/15	Toronto Dominion	MXN	78,600		5,775,182		5,807,682		32,500
New Taiwanese Dollar,
Expiring 02/02/15	UBS AG	TWD	46,885		1,548,900		1,543,747		(5,153	)
New Zealand Dollar,
Expiring 01/16/15	Barclays Capital Group	NZD	2,011		1,593,579		1,555,503		(38,076	)
Expiring 01/16/15	UBS AG	NZD	1,368		1,061,000		1,058,073		(2,927	)

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 43

Portfolio of Investments

as of October 31, 2014 continued

Purchase Contracts	Counterparty	Notional Amount (000)		Value at Settlement Date Payable		Current Value		Unrealized Appreciation (Depreciation)
Norwegian Krone,
Expiring 01/26/15	BNP Paribas	NOK	11,522	$	1,749,400	$	1,703,178	$	(46,222	)
Expiring 01/26/15	JPMorgan Chase	NOK	9,235		1,392,165		1,365,116		(27,049	)
Philippine Peso,
Expiring 11/14/14	Barclays Capital Group	PHP	35,000		802,624		779,572		(23,052	)
Expiring 11/14/14	JPMorgan Chase	PHP	35,000		799,270		779,572		(19,698	)
Expiring 11/14/14	JPMorgan Chase	PHP	108,162		2,470,006		2,409,134		(60,872	)
Expiring 11/14/14	UBS AG	PHP	34,170		782,100		761,084		(21,016	)
Expiring 11/14/14	UBS AG	PHP	67,434		1,506,900		1,501,984		(4,916	)
Expiring 02/12/15	UBS AG	PHP	43,106		985,500		957,436		(28,064	)
Polish Zloty,
Expiring 01/26/15	Deutsche Bank AG	PLN	12,269		3,667,500		3,628,045		(39,455	)
Romanian Leu,
Expiring 01/26/15	JPMorgan Chase	RON	16,685		4,775,454		4,725,325		(50,129	)
Russian Ruble,
Expiring 12/17/14	BNP Paribas	RUB	38,839		936,336		889,609		(46,727	)
Singapore Dollar,
Expiring 01/23/15	Toronto Dominion	SGD	12,884		10,087,728		10,026,596		(61,132	)
South African Rand,
Expiring 01/23/15	Deutsche Bank AG	ZAR	3,506		314,195		313,283		(912	)
Expiring 01/23/15	Toronto Dominion	ZAR	2,003		179,507		178,996		(511	)
South Korean Won,
Expiring 12/17/14	Barclays Capital Group	KRW	2,965,242		2,789,241		2,769,343		(19,898	)
Expiring 12/17/14	BNP Paribas	KRW	3,987,347		3,712,608		3,723,923		11,315
Expiring 12/17/14	UBS AG	KRW	1,107,318		1,037,300		1,034,163		(3,137	)
Swiss Franc,
Expiring 01/27/15	UBS AG	CHF	2,448		2,584,249		2,546,390		(37,859	)
Thai Baht,
Expiring 11/18/14	Citigroup Global Markets	THB	63,762		1,938,200		1,956,098		17,898
Expiring 11/18/14	Credit Suisse First Boston Corp.	THB	38,721		1,180,400		1,187,871		7,471
Turkish Lira,
Expiring 01/20/15	JPMorgan Chase	TRY	1,985		884,200		877,186		(7,014	)
				$	187,977,450	$	186,090,245	$	(1,887,205	)

See Notes to Financial Statements.

44

Sale Contracts	Counterparty	Notional Amount (000)		Value at Settlement Date Receivable		Current Value		Unrealized Appreciation (Depreciation)
Australian Dollar,
Expiring 01/16/15	Deutsche Bank AG	AUD	429	$	378,329	$	375,663	$	2,666
Expiring 01/16/15	JPMorgan Chase	AUD	78		69,352		68,641		711
Expiring 01/16/15	Toronto Dominion	AUD	356		311,090		311,815		(725	)
Brazilian Real,
Expiring 12/11/14	BNP Paribas	BRL	4,286		1,713,400		1,708,934		4,466
Expiring 12/11/14	BNP Paribas	BRL	3,866		1,540,000		1,541,328		(1,328	)
Expiring 12/11/14	BNP Paribas	BRL	2,734		1,091,900		1,090,056		1,844
Expiring 12/11/14	Citigroup Global Markets	BRL	4,055		1,700,800		1,616,760		84,040
British Pound,
Expiring 01/28/15	Bank of America	GBP	355		572,440		567,798		4,642
Expiring 01/28/15	Citigroup Global Markets	GBP	1,990		3,207,303		3,180,915		26,388
Expiring 01/28/15	Citigroup Global Markets	GBP	259		416,949		413,227		3,722
Canadian Dollar,
Expiring 01/16/15	Goldman Sachs & Co.	CAD	106		93,817		93,538		279
Expiring 01/16/15	JPMorgan Chase	CAD	1,973		1,748,400		1,747,413		987
Expiring 01/16/15	UBS AG	CAD	5,617		4,942,400		4,974,009		(31,609	)
Chinese Renminbi,
Expiring 01/15/15	Barclays Capital Group	CNH	3,095		500,142		503,021		(2,879	)
Expiring 01/15/15	Citigroup Global Markets	CNH	15,213		2,500,000		2,472,740		27,260
Expiring 01/15/15	Deutsche Bank AG	CNH	7,794		1,259,699		1,266,849		(7,150	)
Expiring 02/10/15	Citigroup Global Markets	CNH	30,453		5,000,001		4,940,595		59,406
Expiring 02/27/15	Goldman Sachs & Co.	CNH	15,400		2,500,000		2,495,537		4,463
Colombian Peso,
Expiring 12/11/14	BNP Paribas	COP	1,160,476		569,000		561,400		7,600
Expiring 12/11/14	Citigroup Global Markets	COP	3,047,864		1,511,800		1,474,456		37,344
Czech Koruna,
Expiring 01/26/15	Citigroup Global Markets	CZK	122,765		5,621,818		5,535,710		86,108
Expiring 01/26/15	Deutsche Bank AG	CZK	38,256		1,749,400		1,725,015		24,385
Expiring 01/26/15	Deutsche Bank AG	CZK	22,934		1,050,900		1,034,131		16,769
Danish Krone,
Expiring 01/26/15	UBS AG	DKK	17,925		3,050,598		3,019,939		30,659
Euro,
Expiring 01/28/15	Barclays Capital Group	EUR	21,863		27,749,269		27,415,082		334,187
Expiring 01/28/15	Citigroup Global Markets	EUR	1,350		1,709,769		1,692,673		17,096
Expiring 01/28/15	UBS AG	EUR	732		923,366		917,596		5,770
Expiring 01/28/15	UBS AG	EUR	534		669,204		669,369		(165	)
Hungarian Forint,
Expiring 01/22/15	Citigroup Global Markets	HUF	845,129		3,457,900		3,430,543		27,357
Expiring 01/22/15	Deutsche Bank AG	HUF	418,034		1,714,400		1,696,880		17,520
Expiring 01/22/15	Goldman Sachs & Co.	HUF	852,603		3,492,900		3,460,879		32,021

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 45

Portfolio of Investments

as of October 31, 2014 continued

Sale Contracts	Counterparty	Notional Amount (000)		Value at Settlement Date Receivable		Current Value		Unrealized Appreciation (Depreciation)
Indian Rupee,
Expiring 11/03/14	Barclays Capital Group	INR	399,042	$	6,500,109	$	6,494,948	$	5,161
Indonesia Rupiah,
Expiring 01/20/15	JPMorgan Chase	IDR	24,206,707		1,927,285		1,974,105		(46,820	)
Israel Shekel,
Expiring 01/21/15	Citigroup Global Markets	ILS	7,368		1,980,918		1,940,217		40,701
Expiring 01/21/15	Citigroup Global Markets	ILS	3,880		1,039,327		1,021,616		17,711
Expiring 01/21/15	Citigroup Global Markets	ILS	2,641		698,600		695,322		3,278
Expiring 01/21/15	Citigroup Global Markets	ILS	1,566		418,700		412,493		6,207
Japanese Yen,
Expiring 01/28/15	BNP Paribas	JPY	19,426		180,591		173,130		7,461
Expiring 01/28/15	Goldman Sachs & Co.	JPY	10,408		95,358		92,757		2,601
Expiring 01/28/15	JPMorgan Chase	JPY	379,609		3,520,200		3,383,179		137,021
Expiring 01/28/15	JPMorgan Chase	JPY	188,634		1,749,400		1,681,162		68,238
Expiring 01/28/15	Toronto Dominion	JPY	898		8,259		8,002		257
New Taiwanese Dollar,
Expiring 02/02/15	Citigroup Global Markets	TWD	65,896		2,161,600		2,169,711		(8,111	)
Expiring 02/02/15	UBS AG	TWD	246,387		8,137,230		8,112,572		24,658
New Zealand Dollar,
Expiring 01/16/15	Bank of America	NZD	1,067		840,515		825,412		15,103
Norwegian Krone,
Expiring 01/26/15	Bank of America	NOK	5,966		884,200		881,820		2,380
Expiring 01/26/15	UBS AG	NOK	11,765		1,764,600		1,739,052		25,548
Peruvian Nuevo Sol,
Expiring 04/10/15	BNP Paribas	PEN	6,307		2,129,452		2,120,599		8,853
Philippine Peso,
Expiring 11/14/14	Credit Suisse First Boston Corp.	PHP	184,584		4,202,740		4,111,335		91,405
Polish Zloty,
Expiring 01/26/15	Barclays Capital Group	PLN	5,951		1,768,300		1,759,871		8,429
Expiring 01/26/15	Citigroup Global Markets	PLN	12,403		3,708,341		3,667,833		40,508
Russian Ruble,
Expiring 12/17/14	BNP Paribas	RUB	29,607		698,600		678,138		20,462
Expiring 12/17/14	BNP Paribas	RUB	28,987		697,800		663,936		33,864
Expiring 12/17/14	BNP Paribas	RUB	14,552		349,700		333,302		16,398
Expiring 12/17/14	Citigroup Global Markets	RUB	14,741		365,800		337,637		28,163
Expiring 12/17/14	Citigroup Global Markets	RUB	13,470		333,000		308,526		24,474
Expiring 12/17/14	Credit Suisse First Boston Corp.	RUB	31,540		805,000		722,419		82,581
Expiring 12/17/14	Credit Suisse First Boston Corp.	RUB	14,084		343,000		322,583		20,417

See Notes to Financial Statements.

46

Sale Contracts	Counterparty	Notional Amount (000)		Value at Settlement Date Receivable		Current Value		Unrealized Appreciation (Depreciation)
South Korean Won,
Expiring 12/17/14	UBS AG	KRW	1,059,157	$	992,600	$	989,184	$	3,416
Expiring 12/17/14	UBS AG	KRW	943,897		875,600		881,538		(5,938	)
Expiring 12/17/14	UBS AG	KRW	920,496		864,700		859,683		5,017
Expiring 12/17/14	UBS AG	KRW	895,019		831,400		835,889		(4,489	)
Swedish Krona,
Expiring 01/26/15	Citigroup Global Markets	SEK	7,636		1,050,900		1,034,372		16,528
Expiring 01/26/15	Goldman Sachs & Co.	SEK	5,114		703,954		692,701		11,253
Thai Baht,
Expiring 11/18/14	Citigroup Global Markets	THB	18,415		569,067		564,935		4,132
Expiring 11/18/14	Credit Suisse First Boston Corp.	THB	41,084		1,211,900		1,260,378		(48,478	)
Expiring 12/04/14	Barclays Capital Group	THB	26,209		816,978		803,438		13,540
Turkish Lira,
Expiring 01/20/15	Credit Suisse First Boston Corp.	TRY	8,853		3,876,033		3,911,413		(35,380	)
				$	141,918,103	$	140,467,720		1,450,383
								$	(436,822	)

Cross currency exchange contracts outstanding at October 31, 2014:

Settlement	Type		Notional Amount (000)			In Exchange For (000)			Unrealized Appreciation (Depreciation)			Counterparty
01/16/15		Buy		CAD	868		EUR	610	$	4,682		Citigroup Global Markets
01/26/15		Buy		EUR	552		SEK	5,122		(2,059	)	UBS AG
01/26/15		Buy		EUR	1,383		NOK	11,699		4,691		UBS AG
01/26/15		Buy		EUR	2,770		NOK	23,462		4,974		UBS AG
01/26/15		Buy		EUR	552		SEK	5,177		(9,018	)	BNP Paribas
01/26/15		Buy		EUR	1,381		CHF	1,665		(605	)	JPMorgan Chase
01/28/15		Buy		EUR	2,758		JPY	377,431		93,922		Citigroup Global Markets
01/26/15		Buy		SEK	13,028		CHF	1,693		3,824		Barclays Capital Group
01/20/15		Buy		TRY	3,967		EUR	1,401		(3,758	)	Deutsche Bank AG
									$	96,653

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 47

Portfolio of Investments

as of October 31, 2014 continued

Credit default swap agreements outstanding at October 31, 2014:

Reference Entity/ Obligation	Termination Date		Fixed Rate		Notional Amount (000)#(4)		Value at Trade Date		Value at October 31, 2014(5)		Unrealized Appreciation (Depreciation)
Exchange-Traded credit default swaps on credit indices—Sell Protection(2):
CDX.NA.HY.22.V2		06/20/19		5.000%		5,940	$	490,468	$	448,596	$	(41,872	)
CDX.NA.HY.23.V1		12/20/19		5.000%		4,000		264,273		279,400		15,127
							$	754,741	$	727,996	$	(26,745	)

Reference Entity/ Obligation	Termination Date		Fixed Rate		Notional Amount (000)#(4)		Implied Credit Spread at October 31, 2014(3)			Fair Value			Upfront Premiums Paid (Received)		Unrealized Depreciation			Counterparty
Over-the-counter credit default swaps on corporate issues—Buy Protection(1):
Petroleos Mexicanos		09/20/21		1.000%		1,500		1.361	%	$	32,421		$	37,323		$(4,902)		Hong Kong & Shanghai Bank
Toll Brothers Finance Corp.		03/20/15		1.000%		420		0.198	%		(1,798	)		680		(2,478)		Credit Suisse First Boston Corp.
										$	30,623		$	38,003	$	(7,380	)

Reference Entity/ Obligation	Termination Date		Fixed Rate		Notional Amount (000)#(4)		Implied Credit Spread at October 31, 2014(3)			Fair Value			Upfront Premiums Paid (Received)			Unrealized Appreciation	Counterparty
Over-the-counter credit default swaps on corportate issues—Sell Protection(2):
Petroleos Mexicanos		09/20/21		1.000%		2,500		1.361	%	$	(54,035	)	$	(70,059	)	$16,024	Goldman Sachs & Co.

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):
CMBX.NA.7.AAA		01/17/47		0.500%		4,000	$	(116,309	)	$	(146,288	)	$	29,979	Deutsche Bank AG

See Notes to Financial Statements.

48

Reference Entity/ Obligation	Termination Date		Fixed Rate		Notional Amount (000)#(4)		Implied Credit Spread at October 31, 2014(3)			Fair Value			Upfront Premiums Paid (Received)			Unrealized Appreciation (Depreciation)			Counterparty
Over-the-counter credit default swaps on sovereign issues—Buy Protection(1):
Kingdom of Spain		06/20/17		1.000%		700		0.625	%	$	(7,679	)	$	(9,414	)	$	1,735		Deutsche Bank AG
Kingdom of Spain		06/20/19		1.000%		700		0.858	%		(5,237	)		(2,987	)		(2,250	)	Deutsche Bank AG
Republic of Ireland		06/20/17		1.000%		700		0.320	%		(13,352	)		(12,919	)		(433	)	Deutsche Bank AG
Republic of Ireland		06/20/19		1.000%		700		0.508	%		(16,334	)		(10,231	)		(6,103	)	Deutsche Bank AG
Republic of Italy		06/20/17		1.000%		700		0.740	%		(5,571	)		(5,072	)		(499	)	Deutsche Bank AG
Republic of Italy		06/20/19		1.000%		900		1.065	%		1,522			5,740			(4,218	)	Deutsche Bank AG
Republic of Philippines		09/20/17		1.000%		1,000		0.453	%		(16,868	)		(16,512	)		(356	)	Goldman Sachs & Co.
Republic of Poland		06/20/17		1.000%		1,000		0.306	%		(19,446	)		(23,766	)		4,320		Hong Kong & Shanghai Bank
Republic of Portugal		06/20/17		1.000%		700		1.249	%		3,690			3,898			(208	)	Deutsche Bank AG
Republic of Portugal		06/20/19		1.000%		400		1.781	%		13,072			12,675			397		Deutsche Bank AG
Republic of Slovakia		06/20/17		1.000%		1,000		0.254	%		(20,851	)		(28,054	)		7,203		Hong Kong & Shanghai Bank
Republic of Slovenia		06/20/19		1.000%		900		1.206	%		7,223			19,172			(11,949	)	JPMorgan Chase
										$	(79,831	)	$	(67,470	)	$	(12,361	)

Reference Entity/ Obligation	Termination Date		Fixed Rate		Notional Amount (000)#(4)		Implied Credit Spread at October 31, 2014(3)			Fair Value		Upfront Premiums Paid (Received)		Unrealized Appreciation (Depreciation)		Counterparty
Over-the-counter credit default swaps on sovereign issues—Sell Protection(2):
Kingdom of Belgium		12/20/24		1.000%		3,500		0.925	%	$	26,886	$	20,902	$	5,984	Hong Kong & Shanghai Bank

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 49

Portfolio of Investments

as of October 31, 2014 continued

Reference Entity/ Obligation	Termination Date		Fixed Rate		Notional Amount (000)#(4)		Implied Credit Spread at October 31, 2014(3)			Fair Value			Upfront Premiums Paid (Received)			Unrealized Appreciation (Depreciation)			Counterparty
Over-the-counter credit default swaps on sovereign issues—Sell Protection(2) (cont’d.):
Kingdom of Belgium		09/20/15		1.000%		1,300		0.176	%	$	11,122		$	(41,964	)	$	53,086		Hong Kong & Shanghai Bank
Kingdom of Belgium		03/20/20		1.000%		3,000		0.540	%		74,977			(14,500	)		89,477		JPMorgan Chase
Kingdom of Spain		06/20/21		1.000%		700		1.076	%		(2,411	)		(7,647	)		5,236		Deutsche Bank AG
Kingdom of Spain		09/20/21		1.000%		1,500		1.096	%		(7,354	)		18,280			(25,634	)	Hong Kong & Shanghai Bank
Kingdom of Spain		06/20/24		1.000%		700		1.328	%		(18,021	)		(25,398	)		7,377		Deutsche Bank AG
People’s Republic of China		12/20/19		1.000%		1,000		0.801	%		10,933			10,204			729		Hong Kong & Shanghai Bank
People’s Republic of China		12/20/19		1.000%		2,000		0.801	%		21,866			20,408			1,458		Citigroup Global Markets
People’s Republic of China		06/20/19		1.000%		650		0.715	%		9,062			603			8,459		Hong Kong & Shanghai Bank
Republic of Brazil		03/20/18		1.000%		1,500		1.080	%		(2,205	)		(17,514	)		15,309		Deutsche Bank AG
Republic of France		12/20/19		0.250%		7,000		0.503	%		(85,997	)		(107,630	)		21,633		Hong Kong & Shanghai Bank
Republic of France		06/20/15		0.250%		5,000		0.110	%		5,947			(176,315	)		182,262		Barclays Capital Group
Republic of France		06/20/16		0.250%		2,700		0.182	%		3,813			(156,882	)		160,695		Barclays Capital Group
Republic of France		06/20/17		0.250%		2,500		0.264	%		(176	)		(194,310	)		194,134		Barclays Capital Group
Republic of France		12/20/16		0.250%		4,500		0.208	%		5,388			(353,862	)		359,250		Citigroup Global Markets

See Notes to Financial Statements.

50

Reference Entity/ Obligation	Termination Date		Fixed Rate		Notional Amount (000)#(4)		Implied Credit Spread at October 31, 2014(3)			Fair Value			Upfront Premiums Paid (Received)			Unrealized Appreciation (Depreciation)			Counterparty
Over-the-counter credit default swaps on sovereign issues—Sell Protection(2) (cont’d.):
Republic of France		03/20/19		0.250%		1,200		0.431	%	$	(8,983	)	$	(14,962	)	$	5,979		Deutsche Bank AG
Republic of France		03/20/24		0.250%		1,200		0.839	%		(58,390	)		(71,827	)		13,437		Goldman Sachs & Co.
Republic of France		09/20/22		0.250%		3,000		0.743	%		(105,957	)		(290,349	)		184,392		Hong Kong & Shanghai Bank
Republic of France		03/20/20		0.250%		3,000		0.533	%		(43,029	)		(188,678	)		145,649		JPMorgan Chase
Republic of France		03/20/22		0.250%		1,250		0.702	%		(38,204	)		(167,252	)		129,048		Morgan Stanley
Republic of France		12/20/16		1.000%		1,000		0.208	%		18,172			(31,892	)		50,064		UBS AG
Republic of Indonesia		12/20/18		1.000%		1,200		1.128	%		(6,132	)		(70,888	)		64,756		Goldman Sachs & Co.
Republic of Indonesia		09/20/18		1.000%		2,200		1.060	%		(2,434	)		(122,244	)		119,810		Deutsche Bank AG
Republic of Ireland		06/20/21		1.000%		700		0.713	%		13,283			3,081			10,202		Deutsche Bank AG
Republic of Ireland		06/20/24		1.000%		700		0.931	%		4,905			(8,907	)		13,812		Deutsche Bank AG
Republic of Ireland		12/20/14		1.000%		2,000		0.150	%		4,692			(399,762	)		404,454		Hong Kong & Shanghai Bank
Republic of Ireland		06/20/18		1.000%		2,000		0.412	%		44,518			(81,677	)		126,195		Hong Kong & Shanghai Bank
Republic of Italy		06/20/21		1.000%		700		1.365	%		(14,607	)		(18,944	)		4,337		Deutsche Bank AG
Republic of Italy		06/20/24		1.000%		900		1.693	%		(49,149	)		(50,860	)		1,711		Deutsche Bank AG
Republic of Italy		12/20/16		1.000%		2,000		0.626	%		18,287			(293,423	)		311,710		UBS AG
Republic of Latvia		06/20/19		1.000%		700		1.009	%		543			2,637			(2,094	)	Deutsche Bank AG

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 51

Portfolio of Investments

as of October 31, 2014 continued

Reference Entity/ Obligation	Termination Date		Fixed Rate		Notional Amount (000)#(4)		Implied Credit Spread at October 31, 2014(3)			Fair Value			Upfront Premiums Paid (Received)			Unrealized Appreciation (Depreciation)			Counterparty
Over-the-counter credit default swaps on sovereign issues—Sell Protection(2) (cont’d.):
Republic of Latvia		09/20/19		1.000%		3,000		1.060	%	$	(5,059	)	$	5,686		$	(10,745	)	Barclays Capital Group
Republic of Lithuania		06/20/19		1.000%		700		1.009	%		533			2,637			(2,104	)	Deutsche Bank AG
Republic of Lithuania		09/20/19		1.000%		3,000		1.060	%		(4,997	)		5,603			(10,600	)	Barclays Capital Group
Republic of Philippines		09/20/21		1.000%		1,000		1.212	%		(12,262	)		(15,838	)		3,576		Hong Kong & Shanghai Bank
Republic of Poland		06/20/21		1.000%		1,000		0.834	%		11,496			17,974			(6,478	)	Hong Kong & Shanghai Bank
Republic of Portugal		06/20/21		1.000%		700		2.155	%		(46,297	)		(44,566	)		(1,731	)	Deutsche Bank AG
Republic of Portugal		12/20/14		1.000%		1,500		0.594	%		2,595			(412,058	)		414,653		Barclays Capital Group
Republic of Portugal		06/20/24		1.000%		400		2.467	%		(44,264	)		(39,790	)		(4,474	)	Deutsche Bank AG
Republic of Slovakia		06/20/21		1.000%		1,000		0.780	%		14,912			21,924			(7,012	)	Hong Kong & Shanghai Bank
Republic of Slovenia		06/20/24		1.000%		900		1.765	%		(55,074	)		(69,737	)		14,663		Hong Kong & Shanghai Bank
Republic of South Africa		12/20/18		1.000%		1,200		1.412	%		(19,688	)		(64,857	)		45,169		Goldman Sachs & Co.
										$	(326,760	)	$	(3,424,594	)	$	3,097,834

The Fund entered into credit default swaps (“CDS”) to provide a measure of protection against defaults or to take an active long or short position with respect to the likelihood of a particular issuer’s default or the reference entity’s credit soundness. CDS contracts generally trade based on a spread which represents the cost a protection buyer has to pay the protection seller. The protection buyer is said to be short the credit as the value of the contract rises the more credit deteriorates. The value of the CDS contract increases for the protection buyer if the spread increases.

See Notes to Financial Statements.

52

(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 less the recovery value 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 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 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 when compared to the notional amount of the swap, 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.

Interest rate swap agreements outstanding at October 31, 2014:

Notional Amount (000)#		Termination Date		Fixed Rate	Floating Rate	Value at Trade Date			Value at October 31, 2014			Unrealized Appreciation (Depreciation)
	Exchange-traded swap agreements:
CAD	3,000		08/20/23	3.134%	3 Month Canadian Banker’s Acceptance(1)	$	7,115		$	(158,951	)	$	(166,066	)
CHF	5,700		02/13/16	0.090%	6 Month CHF LIBOR(2)		(215	)		4,753			4,968
CHF	3,900		02/13/19	0.520%	6 Month CHF LIBOR(1)		5,183			(67,142	)		(72,325	)
CHF	980		02/13/24	1.365%	6 Month CHF LIBOR(2)		(4,233	)		61,271			65,504
EUR	6,000		09/25/15	(0.048%)	1 Day EONIA(1)		184			1,442			1,258
EUR	4,500		09/24/16	(0.045%)	1 Day EONIA(1)		182			910			728
EUR	4,000		03/13/17	0.493%	3 Month EURIBOR(1)		3,727			(43,527	)		(47,254	)
EUR	2,000		10/24/18	—	3 Month EURIBOR(3)		(46	)		2,067			2,113
EUR	830		07/02/19	0.656%	6 Month EURIBOR(2)		(347	)		11,806			12,153

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 53

Portfolio of Investments

as of October 31, 2014 continued

Notional Amount (000)#		Termination Date		Fixed Rate	Floating Rate	Value at Trade Date			Value at October 31, 2014			Unrealized Appreciation (Depreciation)
	Exchange-traded swap agreements (cont’d.):
EUR	610		07/02/21	0.994%	6 Month EURIBOR(2)	$	(667	)	$	17,560		$	18,227
EUR	700		08/14/21	0.841%	3 Month EURIBOR(2)		(608	)		18,271			18,879
EUR	700		09/03/23	2.171%	6 Month EURIBOR(2)		(7,449	)		94,032			101,481
EUR	1,600		10/10/23	2.130%	6 Month EURIBOR(2)		(16,560	)		208,448			225,008
EUR	2,000		03/04/29	2.302%	6 Month EURIBOR(2)		270,784			292,639			21,855
EUR	1,000		06/04/29	2.002%	6 Month EURIBOR(2)		(5,456	)		94,085			99,541
EUR	440		07/01/43	2.505%	6 Month EURIBOR(2)		(6,736	)		90,320			97,056
EUR	500		09/03/43	2.691%	6 Month EURIBOR(2)		(10,074	)		130,660			140,734
GBP	690		06/30/19	2.166%	6 Month GBP LIBOR(2)		(308	)		22,078			22,386
GBP	510		06/30/21	2.469%	6 Month GBP LIBOR(2)		(439	)		24,079			24,518
GBP	2,300		03/05/34	3.926%	6 Month GBP LIBOR(1)		9,160			(190,887	)		(200,047	)
GBP	920		03/07/34	3.993%	6 Month GBP LIBOR(1)		3,864			(83,423	)		(87,287	)
HKD	48,000		02/25/16	0.630%	3 Month HIBOR(2)		20			8,578			8,558
JPY	90,000		02/20/29	1.260%	6 Month JPY LIBOR(2)		(2,974	)		36,085			39,059
JPY	50,000		04/02/29	1.288%	6 Month JPY LIBOR(2)		(1,752	)		21,362			23,114
JPY	100,000		08/18/29	1.070%	6 Month JPY LIBOR(2)		(324	)		12,169			12,493
JPY	100,000		08/28/29	1.043%	6 Month JPY LIBOR(2)		3			8,477			8,474
JPY	200,000		09/09/29	1.061%	6 Month JPY LIBOR(2)		(1,627	)		21,045			22,672
JPY	160,000		09/29/29	1.064%	6 Month JPY LIBOR(2)		(443	)		16,669			17,112
JPY	90,000		11/05/34	1.293%	6 Month JPY LIBOR(2)		15			(561	)		(576	)
MXN	35,000		04/18/19	5.480%	28 Day Mexican Interbank Rate(2)		(2,096	)		54,079			56,175
MXN	31,100		05/25/22	6.370%	28 Day Mexican Interbank Rate(2)		(3,727	)		86,573			90,300
MXN	4,000		07/27/34	6.720%	28 Day Mexican Interbank Rate(2)		84			(10,369	)		(10,453	)
NOK	7,000		08/26/16	2.320%	6 Month NIBOR(2)		(1,226	)		14,104			15,330
NZD	2,600		03/13/19	4.550%	3 Month BBR(2)		(2,004	)		35,062			37,066
NZD	750		03/13/24	5.080%	3 Month BBR(2)		(2,433	)		31,481			33,914
SEK	13,300		08/26/16	1.930%	3 Month STIBOR(2)		(6,130	)		52,720			58,850
SEK	10,000		08/29/24	1.657%	3 Month STIBOR(2)		27			23,847			23,820
ZAR	85,000		02/24/16	7.220%	3 Month JIBAR(2)		(4,304	)		72,790			77,094
	7,000		02/27/16	0.461%	3 Month LIBOR(1)		167			(2,764	)		(2,931	)
	14,900		05/07/16	0.552%	3 Month LIBOR(1)		139			(10,822	)		(10,961	)
	10,770		06/30/16	0.655%	3 Month LIBOR(1)		(2,423	)		(17,776	)		(15,353	)
	10,000		05/07/17	0.987%	3 Month LIBOR(2)		144			13,401			13,257
	4,115		12/24/17	1.384%	3 Month LIBOR(1)		720			(24,736	)		(25,456	)
	4,600		07/07/18	1.515%	3 Month LIBOR(1)		149			(21,492	)		(21,641	)
	11,100		08/31/18	1.644%	3 Month LIBOR(1)		172			(89,525	)		(89,697	)
	5,900		08/31/18	1.686%	3 Month LIBOR(1)		174			(56,983	)		(57,157	)
	8,800		08/31/18	1.758%	3 Month LIBOR(1)		185			(109,124	)		(109,309	)
	47,100		02/28/19	1.806%	3 Month LIBOR(1)		113,042			(317,249	)		(430,291	)
	21,000		08/08/19	3.111%	3 Month LIBOR(2)		203			445,962			445,759
	7,960		08/18/24	2.750%	3 Month LIBOR(2)		134			207,456			207,322
						$	330,976		$	1,030,950		$	699,974

See Notes to Financial Statements.

54

Cash of $130,000 and Foreign Bonds with a combined market value of $1,476,863 have been segregated with Citigroup Global Markets to cover requirements for open exchange-traded and cleared swap contracts at October 31, 2014.

Notional Amount (000)#		Termination Date		Fixed Rate		Floating Rate	Fair Value			Upfront Premiums Paid (Received)		Unrealized Appreciation (Depreciation)			Counterparty
	Over-the-counter swap agreements:
AED	35,000		03/09/15		1.020%	3 Month EIBOR(1)	$	(59,200	)	$	—	$	(59,200	)	Deutsche Bank AG
AUD	1,000		09/07/21		4.945%	6 Month BBSW(2)		84,368			—		84,368		Citigroup Global Markets
AUD	1,000		08/31/22		3.890%	6 Month BBSW(2)		23,402			—		23,402		Hong Kong & Shanghai Bank
AUD	1,400		08/31/22		3.920%	6 Month BBSW(2)		35,229			—		35,229		Citigroup Global Markets
AUD	1,700		09/21/22		3.830%	6 Month BBSW(2)		31,305			—		31,305		Barclays Capital Group
AUD	400		11/07/22		3.790%	6 Month BBSW(2)		7,666			—		7,666		Hong Kong & Shanghai Bank
AUD	2,800		08/08/23		4.170%	6 Month BBSW(1)		(110,923	)		—		(110,923	)	Hong Kong & Shanghai Bank
AUD	2,000		12/19/32		4.423%	6 Month BBSW(2)		77,131			—		77,131		Barclays Capital Group
AUD	650		03/15/43		4.755%	6 Month BBSW(2)		48,793			—		48,793		Hong Kong & Shanghai Bank
BRL	5,610		01/01/17		9.130%	1 Day BZDIOVER(2)		(148,976	)		—		(148,976	)	Barclays Capital Group
BRL	8,819		01/02/17		10.580%	1 Day BZDIOVER(2)		(100,073	)		—		(100,073	)	Hong Kong & Shanghai Bank
BRL	10,921		01/01/18		11.770%	1 Day BZDIOVER(2)		(42,343	)		—		(42,343	)	Deutsche Bank AG
BRL	445		01/01/21		9.960%	1 Day BZDIOVER(2)		(16,622	)		—		(16,622	)	UBS AG
BRL	880		01/01/21		9.980%	1 Day BZDIOVER(2)		(31,844	)		—		(31,844	)	Barclays Capital Group
BRL	880		01/01/21		9.980%	1 Day BZDIOVER(2)		(31,844	)		—		(31,844	)	Hong Kong & Shanghai Bank

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 55

Portfolio of Investments

as of October 31, 2014 continued

Notional Amount (000)#		Termination Date		Fixed Rate		Floating Rate	Fair Value			Upfront Premiums Paid (Received)		Unrealized Appreciation (Depreciation)			Counterparty
	Over-the-counter swap agreements (cont’d.)
BRL	4,228		01/01/21		12.640%	1 Day BZDIOVER(2)	$	125,610		$	—	$	125,610		Deutsche Bank AG
BRL	859		01/01/21		13.115%	1 Day BZDIOVER(2)		38,796			—		38,796		Deutsche Bank AG
CAD	3,200		02/22/17		1.708%	3 Month Canadian Banker’s Acceptance(2)		18,851			—		18,851		Citigroup Global Markets
CAD	650		11/06/17		1.645%	3 Month Canadian Banker’s Acceptance(2)		2,109			—		2,109		Bank of Nova Scotia
CAD	500		12/27/17		1.700%	3 Month Canadian Banker’s Acceptance(2)		1,930			—		1,930		Bank of Nova Scotia
CAD	4,200		08/17/22		2.370%	3 Month Canadian Banker’s Acceptance(2)		31,435			—		31,435		Bank of Nova Scotia
CHF	30,000		07/31/15		(0.015%)	3 Month CHF LIBOR(1)		(8,102	)		—		(8,102	)	Hong Kong & Shanghai Bank
CHF	1,000		03/01/22		1.030%	6 Month CHF LIBOR(2)		48,801			—		48,801		Credit Suisse First Boston Corp.
CLP	700,000		02/27/24		5.230%	6 Month CLICP(2)		64,487			—		64,487		Deutsche Bank AG
COP	3,300,000		11/19/18		5.380%	1 Day COLIBOR OIS(2)		31,875			—		31,875		Hong Kong & Shanghai Bank
COP	1,000,000		06/27/23		6.840%	1 Day COLIBOR OIS(2)		32,588			—		32,588		Deutsche Bank AG
CZK	25,000		06/27/18		1.635%	6 Month PRIBOR(2)		51,856			—		51,856		Hong Kong & Shanghai Bank
DKK	31,000		01/25/16		0.910%	6 Month CIBOR(2)		60,635			—		60,635		Deutsche Bank AG
DKK	3,200		03/01/22		2.300%	6 Month CIBOR(2)		56,690			—		56,690		Credit Suisse First Boston Corp.
EUR	600		07/27/22		1.772%	6 Month EURIBOR(2)		59,432			—		59,432		Citigroup Global Markets

See Notes to Financial Statements.

56

Notional Amount (000)#		Termination Date		Fixed Rate		Floating Rate	Fair Value			Upfront Premiums Paid (Received)		Unrealized Appreciation (Depreciation)			Counterparty
	Over-the-counter swap agreements (cont’d.)
EUR	650		09/24/42		2.404%	6 Month EURIBOR(2)	$	116,892		$	—	$	116,892		Citigroup Global Markets
EUR	850		03/27/43		2.327%	6 Month EURIBOR(2)		146,927			—		146,927		Bank of America
GBP	500		08/01/16		2.060%	6 Month GBP LIBOR(2)		16,916			—		16,916		Citigroup Global Markets
GBP	2,000		08/17/22		1.975%	3 Month GBP LIBOR(2)		6,936			—		6,936		Hong Kong & Shanghai Bank
GBP	200		09/27/22		1.790%	3 Month GBP LIBOR(2)		(4,535	)		—		(4,535	)	Hong Kong & Shanghai Bank
GBP	2,600		01/13/32		2.788%	6 Month GBP LIBOR(2)		112,728			—		112,728		Barclays Capital Group
GBP	1,420		04/24/43		2.932%	6 Month GBP LIBOR(2)		86,321			—		86,321		Hong Kong & Shanghai Bank
HKD	27,000		01/04/18		0.805%	3 Month HIBOR(1)		41,262			—		41,262		Bank of America
HKD	25,000		07/29/18		1.625%	3 Month HIBOR(2)		30,573			—		30,573		Hong Kong & Shanghai Bank
HKD	25,000		10/08/18		1.635%	3 Month HIBOR(1)		(28,566	)		—		(28,566	)	Hong Kong & Shanghai Bank
HKD	8,200		08/22/22		1.560%	3 Month HIBOR(1)		40,460			—		40,460		Hong Kong & Shanghai Bank
HUF	620,000		11/19/18		4.290%	6 Month BUBOR(2)		247,660			—		247,660		Credit Suisse First Boston Corp.
HUF	330,000		03/27/23		5.510%	6 Month BUBOR(2)		283,534			—		283,534		Deutsche Bank AG
ILS	6,500		11/20/18		2.200%	3 Month TELBOR(2)		122,680			—		122,680		Hong Kong & Shanghai Bank
ILS	3,200		03/06/23		3.525%	3 Month TELBOR(2)		121,278			—		121,278		Deutsche Bank AG
ILS	4,200		06/27/23		3.730%	3 Month TELBOR(2)		165,392			—		165,392		Credit Suisse First Boston Corp.

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 57

Portfolio of Investments

as of October 31, 2014 continued

Notional Amount (000)#		Termination Date		Fixed Rate		Floating Rate	Fair Value			Upfront Premiums Paid (Received)		Unrealized Appreciation (Depreciation)			Counterparty
	Over-the-counter swap agreements (cont’d.)
INR	75,000		06/02/24		8.305%	1 Day MIBOR(2)	$	63,825		$	—	$	63,825		Credit Suisse First Boston Corp.
JPY	300,000		01/15/16		0.790%	Japan CPI(2)		(76,981	)		—		(76,981	)	Barclays Capital Group
JPY	60,000		02/02/21		1.265%	6 Month JPY LIBOR(2)		33,272			—		33,272		Barclays Capital Group
JPY	96,000		02/16/21		1.365%	6 Month JPY LIBOR(2)		58,616			—		58,616		Barclays Capital Group
JPY	50,000		06/02/21		1.200%	6 Month JPY LIBOR(2)		27,267			—		27,267		Barclays Capital Group
JPY	45,000		06/16/21		1.170%	6 Month JPY LIBOR(2)		23,595			—		23,595		Barclays Capital Group
JPY	40,000		06/28/21		1.123%	6 Month JPY LIBOR(2)		19,683			—		19,683		Barclays Capital Group
JPY	30,000		07/22/21		1.090%	6 Month JPY LIBOR(2)		14,035			—		14,035		Citigroup Global Markets
JPY	220,000		07/26/22		0.745%	6 Month JPY LIBOR(2)		52,501			—		52,501		Barclays Capital Group
JPY	55,000		11/20/22		0.748%	6 Month JPY LIBOR(2)		13,376			—		13,376		Barclays Capital Group
JPY	120,000		12/27/22		0.803%	6 Month JPY LIBOR(2)		33,582			—		33,582		Barclays Capital Group
JPY	175,000		03/15/23		0.755%	6 Month JPY LIBOR(2)		39,027			—		39,027		Barclays Capital Group
JPY	85,500		07/21/24		1.489%	6 Month JPY LIBOR(2)		70,218			—		70,218		Citigroup Global Markets
JPY	60,000		07/04/26		1.603%	6 Month JPY LIBOR(2)		56,312			—		56,312		Citigroup Global Markets
JPY	70,000		08/02/26		1.534%	6 Month JPY LIBOR(2)		59,878			—		59,878		Citigroup Global Markets
JPY	300,000		09/03/27		1.290%	6 Month JPY LIBOR(2)		162,590			—		162,590		Citigroup Global Markets
JPY	35,000		10/02/27		1.238%	6 Month JPY LIBOR(2)		16,468			—		16,468		Barclays Capital Group
JPY	55,000		11/05/27		1.270%	6 Month JPY LIBOR(2)		29,829			—		29,829		Barclays Capital Group
JPY	40,000		12/04/27		1.261%	6 Month JPY LIBOR(2)		20,751			—		20,751		Citigroup Global Markets

See Notes to Financial Statements.

58

Notional Amount (000)#		Termination Date		Fixed Rate		Floating Rate	Fair Value			Upfront Premiums Paid (Received)		Unrealized Appreciation (Depreciation)			Counterparty
	Over-the-counter swap agreements (cont’d.)
JPY	40,000		12/14/27		1.235%	6 Month JPY LIBOR(2)	$	19,355		$	—	$	19,355		Hong Kong & Shanghai Bank
JPY	120,000		02/20/28		1.353%	6 Month JPY LIBOR(2)		71,099			—		71,099		Deutsche Bank AG
JPY	200,000		04/16/28		1.235%	6 Month JPY LIBOR(2)		86,052			—		86,052		Credit Suisse First Boston Corp.
JPY	110,000		08/18/31		1.750%	6 Month JPY LIBOR(2)		102,113			—		102,113		Barclays Capital Group
JPY	25,000		08/30/31		1.750%	6 Month JPY LIBOR(2)		23,078			—		23,078		Barclays Capital Group
JPY	240,000		01/18/32		1.638%	6 Month JPY LIBOR(2)		180,441			—		180,441		Barclays Capital Group
JPY	30,000		11/05/32		1.563%	6 Month JPY LIBOR(2)		18,542			—		18,542		Barclays Capital Group
JPY	160,000		11/14/32		2.390%	6 Month JPY LIBOR(2)		68,663			—		68,663		Citigroup Global Markets
JPY	35,000		12/14/32		1.575%	6 Month JPY LIBOR(2)		22,547			—		22,547		Hong Kong & Shanghai Bank
JPY	40,000		07/09/42		1.705%	6 Month JPY LIBOR(2)		22,938			—		22,938		Barclays Capital Group
JPY	20,000		10/02/42		1.659%	6 Month JPY LIBOR(2)		6,698			—		6,698		Barclays Capital Group
JPY	70,000		01/28/43		1.955%	6 Month JPY LIBOR(2)		70,737			—		70,737		JPMorgan Chase
JPY	137,500		05/21/43		2.003%	6 Month JPY LIBOR(1)		(157,657	)		—		(157,657	)	Credit Suisse First Boston Corp.
JPY	45,000		05/28/43		2.088%	6 Month JPY LIBOR(1)		(60,119	)		—		(60,119	)	Deutsche Bank AG
JPY	45,800		05/29/43		2.013%	6 Month JPY LIBOR(1)		(53,382	)		—		(53,382	)	Credit Suisse First Boston Corp.
JPY	100,000		06/03/43		1.970%	6 Month JPY LIBOR(2)		106,684			—		106,684		JPMorgan Chase
KRW	1,500,000		08/14/21		2.773%	3 Month KRW Certificate of Deposit Rate(2)		41,400			—		41,400		Hong Kong & Shanghai Bank
MXN	45,000		12/02/15		5.090%	28 Day Mexican Interbank Rate(2)		62,763			—		62,763		Deutsche Bank AG
MXN	37,000		06/20/18		6.020%	28 Day Mexican Interbank Rate(2)		130,052			—		130,052		Credit Suisse First Boston Corp.

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 59

Portfolio of Investments

as of October 31, 2014 continued

Notional Amount (000)#		Termination Date		Fixed Rate		Floating Rate	Fair Value			Upfront Premiums Paid (Received)		Unrealized Appreciation (Depreciation)			Counterparty
	Over-the-counter swap agreements (cont’d.)
MXN	20,000		08/13/19		4.985%	28 Day Mexican Interbank Rate(2)	$	(8,298	)	$	—	$	(8,298	)	Hong Kong & Shanghai Bank
MXN	15,700		04/28/23		5.100%	28 Day Mexican Interbank Rate(2)		(72,081	)		—		(72,081	)	Barclays Capital Group
MXN	17,500		04/09/42		7.890%	28 Day Mexican Interbank Rate(2)		108,260			—		108,260		Barclays Capital Group
MYR	7,000		07/02/19		4.080%	3 Month KLIBOR(1)		(17,990	)		—		(17,990	)	Hong Kong & Shanghai Bank
NOK	13,500		11/07/17		2.550%	6 Month NIBOR(2)		87,994			—		87,994		Citigroup Global Markets
NOK	4,500		11/07/22		3.190%	6 Month NIBOR(2)		66,820			—		66,820		Citigroup Global Markets
NZD	3,200		08/18/16		4.173%	3 Month BBR(2)		18,086			—		18,086		Citigroup Global Markets
NZD	1,480		03/26/17		3.810%	3 Month BBR(2)		(1,560	)		—		(1,560	)	Hong Kong & Shanghai Bank
NZD	1,700		08/09/18		4.145%	3 Month BBR(2)		5,629			—		5,629		Hong Kong & Shanghai Bank
NZD	1,320		09/25/22		3.790%	3 Month BBR(2)		(34,954	)		—		(34,954	)	Citigroup Global Markets
NZD	910		08/09/23		4.653%	3 Month BBR(2)		17,300			—		17,300		Hong Kong & Shanghai Bank
PLN	15,000		06/28/18		3.790%	6 Month WIBOR(2)		329,153			—		329,153		Deutsche Bank AG
PLN	4,900		06/27/21		5.390%	6 Month WIBOR(2)		315,816			—		315,816		JPMorgan Chase
PLN	5,700		04/12/22		5.030%	6 Month WIBOR(2)		385,627			—		385,627		Hong Kong & Shanghai Bank
PLN	4,000		03/14/23		3.810%	6 Month WIBOR(2)		169,919			—		169,919		Bank of America
PLN	4,100		03/18/23		3.660%	6 Month WIBOR(2)		158,679			—		158,679		Hong Kong & Shanghai Bank
PLN	3,600		06/27/26		5.280%	6 Month WIBOR(1)		(323,399	)		—		(323,399	)	JPMorgan Chase
PLN	4,100		04/12/27		4.810%	6 Month WIBOR(1)		(340,563	)		—		(340,563	)	Hong Kong & Shanghai Bank
PLN	3,500		03/18/43		3.380%	6 Month WIBOR(1)		(207,456	)		—		(207,456	)	Hong Kong & Shanghai Bank
RUB	110,000		05/14/15		9.800%	3 Month MOSPRIME(1)		(37,502	)		—		(37,502	)	Credit Suisse First Boston Corp.
RUB	100,000		06/02/15		9.690%	3 Month MOSPRIME(1)		(28,502	)		—		(28,502	)	Hong Kong & Shanghai Bank

See Notes to Financial Statements.

60

Notional Amount (000)#		Termination Date		Fixed Rate		Floating Rate	Fair Value			Upfront Premiums Paid (Received)		Unrealized Appreciation (Depreciation)			Counterparty
	Over-the-counter swap agreements (cont’d.)
RUB	110,000		05/14/17		9.290%	3 Month MOSPRIME(2)	$	(88,027	)	$	—	$	(88,027	)	Credit Suisse First Boston Corp.
RUB	100,000		06/02/19		9.050%	3 Month MOSPRIME(2)		(146,760	)		—		(146,760	)	Hong Kong & Shanghai Bank
RUB	70,000		04/10/23		7.470%	3 Month MOSPRIME(2)		(293,877	)		—		(293,877	)	Deutsche Bank AG
SEK	25,000		05/10/16		1.363%	3 Month STIBOR(2)		73,854			—		73,854		Royal Bank of Scotland Group PLC
SEK	3,700		02/27/22		2.520%	3 Month STIBOR(2)		56,729			—		56,729		Citigroup Global Markets
SEK	3,000		01/16/23		2.200%	3 Month STIBOR(2)		36,663			—		36,663		Barclays Capital Group
SGD	1,800		01/08/18		0.935%	6 Month SIBOR(2)		(6,976	)		—		(6,976	)	Bank of America
THB	100,000		05/14/16		2.630%	3 Month BIBOR(2)		34,662			—		34,662		Citigroup Global Markets
THB	50,000		12/20/17		3.230%	6 Month BIBOR(2)		52,027			—		52,027		Bank of America
TWD	390,000		09/29/15		1.090%	3 Month Secondary Market CP Bank Rate(1)		(34,218	)		—		(34,218	)	Bank of America
ZAR	55,000		06/25/18		7.440%	3 Month JIBAR(2)		78,519			—		78,519		Hong Kong & Shanghai Bank
ZAR	17,000		11/15/23		8.085%	3 Month JIBAR(2)		41,842			—		41,842		Credit Suisse First Boston Corp.
ZAR	5,000		09/03/33		8.970%	3 Month JIBAR(2)		35,044			—		35,044		Hong Kong & Shanghai Bank
	3,100		02/24/17		1.192%	3 Month LIBOR(1)		(30,582	)		—		(30,582	)	Citigroup Global Markets
	720		02/24/42		2.864%	3 Month LIBOR(2)		(20,337	)		—		(20,337	)	Citigroup Global Markets
							$	3,748,909		$	—	$	3,748,909

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

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

(3) Fund pays the floating rate of 3 Month EURIBOR and receives the floating rate of 1 Month EURIBOR.

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 61

Portfolio of Investments

as of October 31, 2014 continued

Currency swap agreements outstanding at October 31, 2014:

Notional Amount (000)#		Fund Receives	Notional Amount (000)		Fund Pays	Counterparty	Termination Date		Fair Value			Upfront Premiums Paid (Received)			Unrealized Appreciation (Depreciation)
	1,688	3 Month LIBOR	EUR	1,300	3 month EURIBOR minus 30.50 bps	Barclays Capital Group		12/04/14	$	60,058		$	—		$	60,058
	326	3 Month LIBOR	EUR	250	3 Month EURIBOR minus 31.70 bps	Barclays Capital Group		12/14/15		13,570			—			13,570
	808	3 Month LIBOR plus 623 bps	JPY	62,000	5.500%	Citigroup Global Markets		12/15/14		238,961			—			238,961
	494	3 Month LIBOR plus 390 bps	EUR	400	5.000%	Citigroup Global Markets		03/18/15		(22,815	)		(14,732	)		(8,083	)
	2,105	3 Month LIBOR plus 190 bps	CHF	2,000	2.625%	Citigroup Global Markets		05/12/15		1,649			(78,305	)		79,954
	257	3 Month LIBOR plus 313 bps	JPY	20,000	4.500%	Citigroup Global Markets		06/08/15		76,765			(11,241	)		88,006
	307	3 Month LIBOR plus 333 bps	JPY	24,000	4.500%	Citigroup Global Markets		06/08/15		91,533			(12,097	)		103,630
	1,246	3 Month LIBOR plus 498 bps	JPY	100,000	4.500%	Citigroup Global Markets		06/08/15		361,925			62			361,863
	690	3 Month LIBOR plus 197 bps	EUR	500	3.750%	Citigroup Global Markets		10/12/15		53,229			(16,600	)		69,829
	649	3 Month LIBOR plus 225 bps	EUR	500	3.750%	Citigroup Global Markets		10/12/15		13,089			(16,422	)		29,511
	582	3 Month LIBOR plus 412 bps	EUR	480	4.500%	Citigroup Global Markets		11/30/15		(43,194	)		(5,471	)		(37,723	)
	263	3 Month LIBOR	EUR	200	3 Month EURIBOR minus 30.00 bps	Citigroup Global Markets		12/18/15		13,193			—			13,193
	651	3 Month LIBOR plus 310 bps	EUR	500	3.625%	Citigroup Global Markets		02/01/16		10,210			42			10,168
	303	3 Month LIBOR plus 272 bps	EUR	227	4.500%	Citigroup Global Markets		04/05/16		4,976			(15,773	)		20,749
	651	3 Month LIBOR plus 273 bps	EUR	500	4.500%	Citigroup Global Markets		04/05/16		(5,087	)		(22,723	)		17,636
	960	3 Month LIBOR plus 218 bps	EUR	700	4.500%	Citigroup Global Markets		04/15/16		35,349			—			35,349
	1,111	3 Month LIBOR plus 451 bps	JPY	92,000	3.700%	Citigroup Global Markets		11/14/16		311,763			66			311,697
	327	3 Month LIBOR plus 156 bps	CHF	300	2.875%	Citigroup Global Markets		11/23/16		(953	)		(22,679	)		21,726
	325	3 Month LIBOR plus 158 bps	CHF	300	2.875%	Citigroup Global Markets		11/23/16		(3,013	)		(27,045	)		24,032
	1,605	3 Month LIBOR plus 432 bps	JPY	125,000	3.450%	Citigroup Global Markets		03/24/17		546,146			38,560			507,586
	122	3 Month LIBOR plus 208 bps	EUR	100	4.250%	Citigroup Global Markets		07/14/17		(12,018	)		(11,428	)		(590	)
	244	3 Month LIBOR plus 220 bps	EUR	200	4.250%	Citigroup Global Markets		07/14/17		(23,968	)		(20,832	)		(3,136	)

See Notes to Financial Statements.

62

Notional Amount (000)#		Fund Receives	Notional Amount (000)		Fund Pays	Counterparty	Termination Date		Fair Value			Upfront Premiums Paid (Received)			Unrealized Appreciation (Depreciation)
	1,111	3 Month LIBOR plus 265 bps	CHF	1,000	2.625%	Credit Suisse First Boston Corp.		05/12/15	$	66,561		$	(25,901	)	$	92,462
	567	3 Month LIBOR plus 510 bps	CHF	500	4.000%	Credit Suisse First Boston Corp.		05/20/16		55,725			676			55,049
	12,789	3 Month LIBOR	EUR	9,645	3 Month EURIBOR minus 26.00 bps	Deutsche Bank AG		01/25/15		708,387			—			708,387
	439	3 Month LIBOR	JPY	44,780	3 Month LIBOR minus 31.25 bps	Deutsche Bank AG		05/14/17		39,940			—			39,940
	JPY 510,300	3 Month LIBOR minus 23.25 bps		5,000	3 Month LIBOR	Goldman Sachs & Co.		06/17/16		(451,235	)		—			(451,235	)
	5,000	3 Month LIBOR	JPY	510,300	3 Month LIBOR minus 53.375 bps	Goldman Sachs & Co.		06/17/24		459,292			—			459,292
	293	3 Month LIBOR	EUR	220	3 Month EURIBOR minus 25.75 bps	Hong Kong & Shanghai Bank		01/17/15		17,699			—			17,699
	107	3 Month LIBOR	CHF	100	3 Month CHF LIBOR minus 29.00 bps	Hong Kong & Shanghai Bank		04/24/15		3,117			—			3,117
	461	3 Month LIBOR	EUR	350	3 Month EURIBOR minus 30.25 bps	Hong Kong & Shanghai Bank		12/19/15		23,276			—			23,276
	114	3 Month CHF LIBOR minus 13.30 bps	CHF	100	3 Month LIBOR	Hong Kong & Shanghai Bank		03/21/16		10,444			—			10,444
	TRY 4,800	7.700%		2,500	3 Month LIBOR	Hong Kong & Shanghai Bank		07/19/18		(339,584	)		—			(339,584	)
	TRY 7,729	8.820%		3,800	3 Month LIBOR	Hong Kong & Shanghai Bank		09/04/18		(225,374	)		—			(225,374	)
	635	3 Month LIBOR	EUR	500	3 Month EURIBOR minus 31.25 bps	JPMorgan Chase		11/15/14		9,134			—			9,134
	147	3 Month LIBOR plus 398 bps	EUR	120	4.500%	JPMorgan Chase		11/30/15		(9,382	)		(2,177	)		(7,205	)
	3,049	3 Month LIBOR	DKK	18,000	3 Month CIBOR minus 37.00 bps	JP Morgan Chase		10/03/16		18,830			—			18,830
	AUD 3,240	3 Month BBSW plus 24.25 bps		3,000	3 Month LIBOR	JPMorgan Chase		05/22/19		(141,217	)		—			(141,217	)
									$	1,966,981		$	(264,020	)	$	2,231,001

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 63

Portfolio of Investments

as of October 31, 2014 continued

Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in the three broad levels listed below.

Level 1—quoted prices generally in active markets for identical securities.

Level 2—quoted prices for similar securities, interest rates and yield curves, prepayment speeds, foreign currency exchange rates and other significant observable inputs.

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 October 31, 2014 in valuing such portfolio securities:

	Level 1			Level 2			Level 3
Investments in Securities
Foreign Bonds	$	—		$	202,637,410		$	1,769,625
Asset-Backed Securities
Collateralized Debt Obligations		—			3,854,930			—
Collateralized Loan Obligations		—			18,299,940			—
Residential Mortgage-Backed Securities		—			33,422,392			2,466,090
Bank Loans		—			2,142,509			639,077
Commercial Mortgage-Backed Securities		—			20,929,619			—
Corporate Bonds		—			48,945,942			627,111
Municipal Bonds		—			3,501,893			—
U.S. Government Agency Obligations		—			1,269,288			—
U.S. Treasury Obligations		—			894,896			—
Preferred Stock		106,480			—			—
Affiliated Money Market Mutual Fund		2,674,400			—			—
Options Purchased		733,765			323,633			—
Options Written		(414,133	)		(1,013,736	)		—
Other Financial Instruments*
Futures Contracts		786,007			—			—
Forward Foreign Currency Exchange Contracts		—			(436,822	)		—
Cross Currency Exchange Contracts		—			96,653			—
Exchange-traded credit default swaps		—			(26,745	)		—
Over-the-counter credit default swaps		—			(546,312	)		—
Exchange-traded interest rate swaps		—			699,974			—
Over-the-counter interest rate swaps		—			3,640,649			108,260
Currency Swap Agreements		—			1,966,981			—
Total	$	3,886,519		$	340,603,094		$	5,610,163

See Notes to Financial Statements.

64

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

	Foreign Bonds			Residential Mortgage- Backed Securities			Bank Loans			Corporate Bonds			Interest Rate Swaps			Forward Rate Agreements
Balance as of 10/31/13	$	5,027,381		$	—		$	636,555		$	670,317		$	(1,075	)	$	19,543
Realized gain (loss)		—			—			—			—			—	**		—	**
Change in unrealized appreciation (depreciation)***		(111,209	)		(19,540	)		(5,231	)		9,620			109,335			(19,543	)
Purchases		—			2,498,734			—			—			—			—
Sales		—			(13,104	)		—			(52,826	)		—			—
Accrued discount/premium		—			—			7,753			—			—			—
Transfers into Level 3		—			—			—			—			—			—
Transfers out of Level 3		(3,146,547	)		—			—			—			—			—
Balance as of 10/31/14	$	1,769,625		$	2,466,090		$	639,077		$	627,111		$	108,260		$	—

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

** The realized loss incurred during the period for other financial instruments was $ (68,170).

*** Of which, $ (17,025) 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 foreign bond transferred out of Level 3 as a result of the security no longer using a single broker quote.

Included in the table above, under Level 3, are securities that were fair valued using pricing methodologies approved by the Board of Directors, which contain unobservable inputs. Such methodologies include, but are not limited to, using prices provided by a single broker/dealer, the cost of the investment, and prices of any recent transactions or bids/offers for such securities or any comparable securities.

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 65

Portfolio of Investments

as of October 31, 2014 continued

The industry classification of investments and other assets in excess of liabilities shown as a percentage of net assets as of October 31, 2014 was as follows (Unaudited):

Sovereign Bonds	50.4	%
Residential Mortgage-Backed Securities	10.2
Commercial Mortgage-Backed Securities	5.9
Collateralized Loan Obligations	5.2
Banking	4.8
Foreign Agencies	3.6
Electric	1.5
Technology	1.5
Cable	1.2
Media & Entertainment	1.2
Collateralized Debt Obligations	1.1
Foods	1.1
Building Materials & Construction	1.0
Municipal Bonds	1.0
Healthcare & Pharmaceutical	0.9
Affiliated Money Market Mutual Fund	0.8
Telecommunications	0.8
Capital Goods	0.6
Gaming	0.6
Pipelines & Other	0.5
Metals	0.4
Brokerage	0.4
Non-Captive Finance	0.4	%
U.S. Government Agency Obligations	0.4
Options Purchased	0.3
Paper	0.3
U.S. Treasury Obligations	0.2
Chemicals	0.2
Insurance	0.2
Retailers	0.2
Aerospace & Defense	0.2
Airlines	0.2
Financials	0.1
Railroads	0.1
Consumer	0.1
Real Estate Investment Trust	0.1
Tobacco	0.1
Energy—Other	0.1
Energy—Integrated	0.1
Options Written	(0.4	)
	97.6
Other assets in excess of liabilities	2.4
	100.0	%

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.

See Notes to Financial Statements.

66

Fair values of derivative instruments as of October 31, 2014 as presented in the Statement of Assets and Liabilities:

Derivatives not accounted for as hedging instruments, carried at fair value	Asset Derivatives				Liability Derivatives
	Balance Sheet Location	Fair Value			Balance Sheet Location	Fair Value
Interest rate contracts	Due from/to broker—variation margin futures	$	786,007	*	—	$	—
Interest rate contracts	Due from/to broker—variation margin exchange-traded swaps		2,046,778	*	Due from/to broker—variation margin exchange-traded swaps		1,346,804	*
Interest rate contracts	Premiums paid for swap agreements		39,406		Premiums received for swap agreements		303,426
Interest rate contracts	Unrealized appreciation on over-the-counter swap agreements		9,818,306		Unrealized depreciation on over-the-counter swap agreements		3,838,396
Interest rate contracts	Unaffiliated investments		733,765		Options written outstanding, at value		414,133
Foreign exchange contracts	Unrealized appreciation on foreign currency exchange contracts		2,033,631		Unrealized depreciation on foreign currency exchange contracts		2,470,453
Foreign exchange contracts	Unrealized appreciation on cross currency exchange contracts		112,093		Unrealized depreciation on cross currency exchange contracts		15,440
Foreign exchange contracts	Unaffiliated investments		259,437		Options written outstanding, at value		984,018
Credit contracts	Premiums paid for swap agreements		209,427		Premiums received for swap agreements		3,879,835
Credit contracts	Due from/to broker—variation margin exchange-traded swaps		15,127	*	Due from/to broker—variation margin exchange-traded swaps		41,872	*
Credit contracts	Unaffiliated investments		64,196		Options written outstanding, at value		29,718
Credit contracts	Unrealized appreciation on over-the-counter swap agreements		3,228,364		Unrealized depreciation on over-the-counter swap agreements		104,268
Total		$	19,346,537			$	13,428,363

* Includes cumulative appreciation/depreciation as reported in schedule of open futures and exchange-traded swap contracts. 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. 67

Portfolio of Investments

as of October 31, 2014 continued

The effects of derivative instruments on the Statement of Operations for the year ended October 31, 2014 are as follows:

Amount of Realized Gain or (Loss) on Derivatives Recognized in Income
Derivatives not accounted for as hedging instruments, carried at fair value	Options Purchased*			Options Written		Futures		Forward Rate Agreements		Forward and Cross Currency Contracts**			Swaps		Total
Credit contracts	$	—		$	—	$	—	$	—	$	—		$	870,926	$	870,926
Foreign exchange contracts		(145,958	)		—		—		—		(4,049,748	)		—		(4,195,706	)
Interest rate contracts		(157,008	)		13,713		1,620,672		20,798		—			1,323,884		2,822,059
	$	(302,966	)	$	13,713	$	1,620,672	$	20,798	$	(4,049,748	)	$	2,194,810	$	(502,721	)

* Included in net realized gain (loss) on investment transactions in the Statement of Operations.

** Included in net realized gain (loss) on foreign currency transactions in the Statement of Operations.

Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income
Derivatives not accounted for as hedging instruments, carried at fair value	Options Purchased*			Options Written			Futures		Forward Rate Agreements			Swaps		Forward and Cross Currency Contracts**			Total
Interest rate contracts	$	110,852		$	(45,953	)	$	671,610	$	(19,543	)	$	5,741,199	$	—		$	6,458,165
Foreign exchange contracts		(117,542	)		(585,819	)		—		—			—		(334,861	)		(1,038,222	)
Credit contracts		(39,754	)		24,633			—		—			237,068		—			221,947
	$	(46,444	)	$	(607,139	)	$	671,610	$	(19,543	)	$	5,978,267	$	(334,861	)	$	5,641,890

* Included in net change in unrealized appreciation (depreciation) on investments in the Statement of Operations.

** Included in net change in unrealized appreciation (depreciation) on foreign currencies in the Statement of Operations.

See Notes to Financial Statements.

68

For the year ended October 31, 2014, the Fund’s average volume of derivative activities are as follows:

Options Purchased (Cost)		Options Written (Notional Amount in USD (000))		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)		Cross Currency Contracts (Notional Amount in USD (000))
$	467,295	$	62,640	$	41,732,714	$	28,278,328	$	221,724,920	$	152,111,925	$	9,821

Forward Rate Agreements (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))		Currency Swaps (Notional Amount in USD (000))
$	98,392	$	473,607	$	14,576	$	63,228	$	49,723

Offsetting of over-the-counter (OTC) derivative assets and liabilities:

The Fund invested in OTC derivatives during the reporting period that are either offset in accordance with current requirements or are subject to enforceable master netting arrangements or similar agreements that permit offsetting. The information about offsetting and related netting arrangements for OTC derivatives, where the legal right to set-off exists, is presented in the summary below.

Counterparty	Gross Amounts of Recognized Assets(1)		Gross Amounts Available for Offset			Collateral Received(3)			Net Amount
Bank of America	$	432,260	$	(117,406	)	$	(425,786	)	$	—
Bank of Nova Scotia		35,474		—			—			35,474
Barclays Capital Group		2,509,342		(1,871,678	)		(814,439	)		—
BNP Paribas		160,375		(160,375	)		—			—
Citigroup Global Markets		4,306,235		(1,574,890	)		(2,316,249	)		415,096
Credit Suisse First Boston Corp.		1,191,055		(448,805	)		(800,000	)		—
Deutsche Bank AG		2,246,162		(1,166,631	)		(919,852	)		159,679
Goldman Sachs & Co.		707,635		(707,635	)		—			—
Hong Kong & Shanghai Bank		2,236,752		(2,236,752	)		—			—
JPMorgan Chase		1,036,671		(967,813	)		—			68,858

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 69

Portfolio of Investments

as of October 31, 2014 continued

Counterparty	Gross Amounts of Recognized Assets(1)			Gross Amounts Available for Offset			Collateral Received(3)		Net Amount
Morgan Stanley	$	193,244		$	(193,244	)	$	—	$	—
Royal Bank of Scotland Group PLC		73,854			—			—		73,854
Toronto Dominion		32,757			(32,757	)		—		—
UBS AG		603,044			(603,044	)		—		—
	$	15,764,860
Counterparty	Gross Amounts of Recognized Liabilities(2)			Gross Amounts Available for Offset			Collateral Pledged(3)		Net Amount
Bank of America	$	(117,406	)	$	117,406		$	—	$	—
Bank of Nova Scotia		—			—			—		—
Barclays Capital Group		(1,871,678	)		1,871,678			—		—
BNP Paribas		(1,156,750	)		160,375			—		(996,375	)
Citigroup Global Markets		(1,574,890	)		1,574,890			—		—
Credit Suisse First Boston Corp.		(448,805	)		448,805			—		—
Deutsche Bank AG		(1,166,631	)		1,166,631			—		—
Goldman Sachs & Co.		(747,844	)		707,635			—		(40,209	)
Hong Kong & Shanghai Bank		(2,702,933	)		2,236,752			350,000		(116,181	)
JPMorgan Chase		(967,813	)		967,813			—		—
Morgan Stanley		(196,970	)		193,244			—		(3,726	)
Royal Bank of Scotland Group PLC		—			—			—		—
Toronto Dominion		(62,368	)		32,757			—		(29,611	)
UBS AG		(611,466	)		603,044			146,850		—
	$	(11,625,554	)

(1) Includes unrealized appreciation on swaps and forwards, premiums paid on swap agreements and market value of purchased options.

(2) Includes unrealized depreciation on swaps and forwards, premiums received on swap agreements and market value of written options.

(3) Amounts shown reflect actual collateral received or pledged by the Fund. Such amounts are applied up to 100% of the Fund’s OTC derivative exposure by counterparty.

See Notes to Financial Statements.

70

PRUDENTIAL INVESTMENTS»MUTUAL FUNDS

FINANCIAL STATEMENTS

ANNUAL REPORT ^· OCTOBER 31, 2014

Prudential Global Total Return Fund, Inc.

Statement of Assets & Liabilities

as of October 31, 2014

Assets
Investments at value:
Unaffiliated investments (cost $339,355,583)	$	342,564,600
Affiliated investments (cost $2,674,400)		2,674,400
Cash		316,121
Foreign currency, at value (cost $945,945)		942,589
Deposit with broker		480,000
Unrealized appreciation on over-the-counter swap agreements		13,046,670
Dividends and interest receivable		5,217,966
Receivable for investments sold		2,317,279
Unrealized appreciation on forward foreign currency exchange contracts		2,033,631
Receivable for Fund shares sold		1,222,137
Premium paid for swap agreements		248,833
Due from broker—variation margin swaps		114,397
Unrealized appreciation on cross currency exchange contracts		112,093
Tax reclaim receivable		33,778
Prepaid expenses		2,727
Total assets		371,327,221
Liabilities
Payable for investments purchased		4,670,173
Premium received for swap agreements		4,183,261
Unrealized depreciation on over-the-counter swap agreements		3,942,664
Unrealized depreciation on forward foreign currency exchange contracts		2,470,453
Payable for Fund shares reacquired		1,637,247
Options written outstanding, at value (premiums received $820,730)		1,427,869
Accrued expenses and other liabilities		237,275
Dividends payable		235,997
Management fee payable		190,896
Due to broker—variation margin futures		94,992
Distribution fee payable		74,247
Affiliated transfer agent fee payable		17,446
Unrealized depreciation on cross currency exchange contracts		15,440
Total liabilities		19,197,960
Net Assets	$	352,129,261
Net assets were comprised of:
Common stock, at par	$	511,414
Paid-in capital in excess of par		344,706,820
		345,218,234
Distributions in excess of net investment income		(1,349,241	)
Accumulated net realized loss on investment and foreign currency transactions		(4,301,236	)
Net unrealized appreciation on investments and foreign currencies		12,561,504
Net assets, October 31, 2014	$	352,129,261

See Notes to Financial Statements.

72

Class A
Net asset value and redemption price per share ($190,393,935 ÷ 27,679,630 shares of common stock issued and outstanding)	$	6.88
Maximum sales charge (4.50% of offering price)		0.32
Maximum offering price to public	$	7.20
Class B
Net asset value, offering price and redemption price per share ($6,548,001 ÷ 952,242 shares of common stock issued and outstanding)	$	6.88
Class C
Net asset value, offering price and redemption price per share ($34,690,687 ÷ 5,054,010 shares of common stock issued and outstanding)	$	6.86
Class Q
Net asset value, offering price and redemption price per share ($868,845 ÷ 124,675 shares of common stock issued and outstanding)	$	6.97
Class Z
Net asset value, offering price and redemption price per share ($119,627,793 ÷ 17,330,801 shares of common stock issued and outstanding)	$	6.90

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 73

Statement of Operations

Year Ended October 31, 2014

Net Investment Income
Income
Interest income (net of foreign withholding taxes of $4,196)	$	10,947,765
Unaffiliated dividend income		7,875
Affiliated dividend income		7,868
Total income		10,963,508
Expenses
Management fee		1,767,097
Distribution fee—Class A		489,459
Distribution fee—Class B		67,904
Distribution fee—Class C		303,775
Transfer agent’s fees and expenses (including affiliated expense of $71,400)		361,000
Custodian’s fees and expenses		303,000
Registration fees		91,000
Shareholders’ reports		72,000
Audit fee		61,000
Legal fees and expenses		23,000
Directors’ fees		20,000
Insurance		4,000
Loan interest expense		14
Miscellaneous		19,702
Total expenses		3,582,951
Less: Distribution fee waiver—Class A		(81,576	)
Net expenses		3,501,375
Net investment income		7,462,133
Realized And Unrealized Gain (Loss) On Investment And Foreign Currency Transactions
Net realized gain (loss) on:
Investment transactions		3,162,089
Futures transactions		1,620,672
Options written transactions		13,713
Forward rate agreement transactions		20,798
Swap agreement transactions		2,194,810
Foreign currency transactions		(3,654,226	)
		3,357,856
Net change in unrealized appreciation (depreciation) on:
Investments		(8,873,149	)
Futures contracts		671,610
Options written		(607,139	)
Forward rate agreements		(19,543	)
Swap agreements		5,978,267
Foreign currencies		(607,448	)
		(3,457,402	)
Net loss on investment and foreign currency transactions		(99,546	)
Net Increase In Net Assets Resulting From Operations	$	7,362,587

See Notes to Financial Statements.

74

Statement of Changes in Net Assets

	Year Ended October 31,
	2014			2013
Increase (Decrease) in Net Assets
Operations
Net investment income	$	7,462,133		$	8,952,802
Net realized gain (loss) on investment and foreign currency transactions		3,357,856			(8,304,888	)
Net change in unrealized appreciation (depreciation) on investments and foreign currencies		(3,457,402	)		(3,174,519	)
Net increase (decrease) in net assets resulting from operations		7,362,587			(2,526,605	)
Dividends and Distributions (Note 1)
Dividends from net investment income*
Class A		(3,369,995	)		(4,568,804	)
Class B		(115,286	)		(151,647	)
Class C		(515,247	)		(748,588	)
Class Q		(6,739	)		(354	)
Class Z		(1,543,783	)		(2,160,989	)
		(5,551,050	)		(7,630,382	)
Tax return of capital distributions
Class A		(3,421,507	)		(2,917,322	)
Class B		(117,048	)		(96,831	)
Class C		(523,123	)		(477,997	)
Class Q		(6,842	)		(226	)
Class Z		(1,567,379	)		(1,379,858	)
		(5,635,899	)		(4,872,234	)
Fund share transactions (Net of share conversions) (Note 6)
Net proceeds from shares sold		179,325,048			123,867,983
Net asset value of shares issued in reinvestment of dividends and distributions		8,726,155			9,379,824
Cost of shares reacquired		(88,583,224	)		(162,525,904	)
Net increase (decrease) in net assets from Fund share transactions		99,467,979			(29,278,097	)
Total increase (decrease)		95,643,617			(44,307,318	)
Net Assets:
Beginning of year		256,485,644			300,792,962
End of year	$	352,129,261		$	256,485,644

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

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 75

Notes to Financial Statements

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 accounting policies conform to U.S. generally accepted accounting principles. The Fund consistently follows such policies in the preparation of its financial statements.

Securities Valuation: The Fund holds securities and other assets that are fair valued at the close of each day the New York Stock Exchange (“NYSE”) is open for trading. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. The Board of Directors (the “Board”) has adopted Valuation Procedures for security valuation under which fair valuation responsibilities have been delegated to Prudential Investments LLC (“PI” or “Manager”). Under the current Valuation Procedures, the established Valuation Committee is responsible for supervising the valuation of portfolio securities and other assets. The Valuation Procedures permit the Fund to utilize independent pricing vendor services, quotations from market makers, and alternative valuation methods when market quotations are either not readily available or not deemed representative of fair value. A record of the Valuation Committee’s actions is subject to the Board’s review, approval, and ratification at its next regularly-scheduled quarterly meeting.

Various inputs determine how the Fund’s investments are valued, all of which are categorized according to the three broad levels (Level 1, 2, or 3) detailed in the table following the Portfolio of Investments.

Common and preferred stocks, exchange-traded funds and derivative instruments, such as futures or options, that are traded on a national securities exchange are valued at the last sale price as of the close of trading on the applicable exchange. Securities traded via NASDAQ are valued at the NASDAQ official closing price. To the extent these securities are valued at the last sale price or NASDAQ official closing price, they are classified as Level 1 in the fair value hierarchy.

76

In the event there is no sale or official closing price on valuation date exists, these securities are generally valued at the mean between the last reported bid and ask prices, or at the last bid price in absence of an ask price. These securities are classified as Level 2 in the fair value hierarchy, as the inputs are observable and considered to be significant to the valuation.

Common and preferred stocks traded on foreign securities exchanges are valued using pricing vendor services that provide model prices derived using adjustment factors based on information such as local closing price, relevant general and sector indices, currency fluctuations, depositary receipts, and futures, as applicable. Securities valued using such model prices are classified as Level 2 in the fair value hierarchy, as the adjustment factors are observable and considered to be significant to the valuation. Securities not valued using such model prices are valued in accordance with exchange-traded common and preferred stocks discussed above.

Investments in open-end, non-exchange-traded mutual funds are valued at their net asset values as of the close of the NYSE on the date of valuation. These securities are classified as Level 1 in the fair value hierarchy since they may be purchased or sold at their net asset values on the date of valuation.

Fixed income securities traded in the over-the-counter market are generally valued at prices provided by approved independent pricing vendors. The pricing vendors provide these prices after evaluating observable inputs including, but not limited to yield curves, yield spreads, credit ratings, deal terms, tranche level attributes, default rates, cash flows, prepayment speeds, broker/dealer quotations, and reported trades. Securities valued using such vendor prices are classified as Level 2 in the fair value hierarchy.

Over-the-counter derivative instruments are generally valued using pricing vendor services, which derive the valuation based on inputs such as underlying asset prices, indices, spreads, interest rates, and exchange rates. These instruments are categorized as Level 2 in the fair value hierarchy.

Centrally cleared swaps listed or traded on a multilateral or trade facility platform, such as a registered exchange, are valued at the daily settlement price determined by the respective exchange. These securities are classified as Level 2 in the fair value hierarchy, as the prices marked at the official settle are not public.

Securities and other assets that cannot be priced according to the methods described above are valued based on pricing methodologies approved by the Board. In the event that significant unobservable inputs are used when determining such valuations, the securities will be classified as Level 3 in the fair value hierarchy.

Prudential Global Total Return Fund, Inc. 77

Notes to Financial Statements

continued

When determining the fair value of securities, some of the factors influencing the valuation include: the nature of any restrictions on disposition of the securities; assessment of the general liquidity of the securities; the issuer’s financial condition and the markets in which it does business; the cost of the investment; the size of the holding and the capitalization of the issuer; the prices of any recent transactions or bids/offers for such securities or any comparable securities; 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.

Restricted and Illiquid Securities: Subject to guidelines adopted by the Board, the Fund may invest 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 are valued pursuant to the valuation procedures noted above. Illiquid securities are those that, because of the absence of a readily available market or due to legal or contractual restrictions on resale, cannot be sold within seven days in the ordinary course of business at approximately the amount at which the Fund has valued the investment. Therefore, the Fund may find it difficult to sell illiquid securities at the time considered most advantageous by its Subadviser and may incur expenses that would not be incurred in the sale of securities that were freely marketable. Certain securities that would otherwise be considered illiquid because of legal restrictions on resale to the general public may be traded among qualified institutional buyers under Rule 144A of the Securities Act of 1933. These Rule 144A securities, as well as commercial paper that is sold in private placements under Section 4(2) of the Securities Act, may be deemed liquid by the Fund’s Subadviser under the guidelines adopted by the Directors of the Fund. However, the liquidity of the Fund’s investments in Rule 144A securities could be impaired if trading does not develop or declines.

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.

78

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 holdings of foreign currencies, 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, dividends 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 debt securities issuers (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 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 futures transactions.

Prudential Global Total Return Fund, Inc. 79

Notes to Financial Statements

continued

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

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.

Cross Currency Exchange Contracts: A cross currency contract is a forward contract where a specified amount of one currency will be exchanged for a specified amount of another currency.

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

80

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

Forward Rate Agreements: Forward rate agreements represent an agreement between counterparties to exchange cash flows based on the difference between two interest rates, applied to a notional principal amount on a fixed future date. The Fund entered into forward rate agreements to gain yield exposure based on anticipated market conditions at the specified termination date of the agreement.

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”). 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. Exchange-traded swaps pay or receive an amount known as “variation margin”, based on daily changes in the valuation of the swap contract. 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.

Prudential Global Total Return Fund, Inc. 81

Notes to Financial Statements

continued

Credit Default Swaps: Credit default swaps (“CDS”) 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 (collectively a “credit event”) for the referenced entity (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 entered into CDS contracts to provide a measure of protection against defaults or to take an active long or short position with respect to the likelihood of a particular issuer’s default or the reference entity’s credit soundness. CDS contracts generally trade based on a spread which represents the cost a protection buyer has to pay the protection seller. The protection buyer is said to be short the credit as the value of the contract rises the more the credit deteriorates. The value of the CDS contract increases for the protection buyer if the spread increases. The Fund sold protection using credit default swaps to take an active short position with respect to the likelihood of a particular issuer’s default. The Fund’s maximum risk of loss from counterparty credit risk for purchased credit default swaps is the inability of the counterparty to honor the contract up to the notional value due to a credit event.

As a seller of protection on credit default swap agreements, the Fund generally receives an agreed upon payment from the buyer of protection throughout the term of the swap, provided no credit event occurs. As the seller, the Fund effectively increases its investment risk 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. This potential amount 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 which the Fund entered into 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.

82

Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues of an emerging country as of period end are disclosed in the footnotes to the Portfolio of Investments, if applicable. These spreads serve as indicators of the current status of the payment/performance risk and represent the likelihood of default risk 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 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 indicators of the current status of the payment/performance risk. Wider credit spreads and increased 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. 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 may enter 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.

Master Netting Arrangements: The Fund is subject to various Master Agreements, or netting arrangements, with select counterparties. 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. The right to set-off exists when all the conditions are met such that each of the parties owes the other determinable amounts, the reporting party has the

Prudential Global Total Return Fund, Inc. 83

Notes to Financial Statements

continued

right to set-off the amount owed with the amount owed by the other party, the reporting party intends to set-off and the right of set-off is enforceable by law. During the reporting period, there were no instances where the right of set-off existed and management has not elected to offset.

The Fund is a party to ISDA (International Swaps and Derivatives Association, Inc.) Master Agreements with certain counterparties that govern over-the-counter derivative and foreign exchange contracts entered into from time to time. The Master Agreements may contain provisions regarding, among other things, the parties’ general obligations, representations, agreements, collateral requirements, events of default and early termination. With respect to certain counterparties, in accordance with the terms of the Master Agreements, collateral posted to the Fund is held in a segregated account by the Fund’s custodian and with respect to those amounts which can be sold or re-pledged, is presented in the Portfolio of Investments. Collateral pledged by the Fund is segregated by the Fund’s custodian and identified in the Portfolio of Investments. Collateral can be in the form of cash or debt securities issued by the U.S. Government or related agencies or other securities as agreed to by the Fund and the applicable counterparty. Collateral requirements are determined based on the Fund’s net position with each counterparty. Termination events applicable to the Fund may occur upon a decline in the Fund’s net assets below a specified threshold over a certain period of time. Termination events applicable to counterparties may occur upon a decline in the counterparty’s long-term and short term credit ratings below a specified level. In each case, upon occurrence, the other party may elect to terminate early and cause settlement of all derivative and foreign exchange contracts outstanding, including the payment of any losses and costs resulting from such early termination, as reasonably determined by the terminating party. Any decision by one or more of the Fund’s counterparties to elect early termination could impact the Fund’s future derivative activity.

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, elements of credit, market and documentation risk. Such risks involve the possibility that no liquid market for these agreements will exist, the counterparty to the agreement may default on its obligation to perform or disagree on the contractual terms of the agreement, and changes in net interest rates will be unfavorable. In connection with these agreements, securities in the portfolio may be identified or received as collateral from the counterparty in accordance with the terms of the

84

respective swap agreements to provide or receive assets of value and to 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 October 31, 2014, the Fund has not met conditions under such agreements which give the counterparty the right to call for an early termination.

Forward currency contracts, forward rate agreements, written options, 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. Such risks may be mitigated by engaging in master netting arrangements.

Securities Transactions and Net Investment Income: Securities transactions are recorded on the trade date. Realized gains or losses from investment and currency transactions are calculated on the identified cost basis. Dividend income is recorded on the ex-dividend date. Interest income, including amortization of premium and accretion of discount on debt securities, as required, is recorded on an accrual basis. Expenses are recorded on an accrual basis, which may require the use of certain estimates by management that may differ from actual.

Net investment income or loss (other than distribution fees which are charged directly to the respective class and transfer agency fees specific to Class Q shares which are charged to that share 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. Distributions from net realized capital and currency gains, if any, are paid annually. Foreign currency losses may reduce the 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

Prudential Global Total Return Fund, Inc. 85

Notes to Financial Statements

continued

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 estimates.

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 year ended October 31, 2014.

For the year ended October 31, 2014, PI had 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 year ended October 31, 2014, the Fund did not exceed the 1.10% expense limit. Effective November 1, 2014, PI has contractually agreed through February 29, 2016 to limit net annual Fund operating expenses (exclusive of distribution and service (12b-1) fees, extraordinary and certain other expenses, including taxes, interest and brokerage commissions) of each class of shares to .81% of the Fund’s average daily net assets.

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

86

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 29, 2016, 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 $255,076 in front-end sales charges resulting from sales of Class A shares during the year ended October 31, 2014. 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 year ended October 31, 2014, it received $44, $15,201 and $5,921 in contingent deferred sales charges imposed upon redemptions by certain Class A, 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 portfolio of the Prudential Investment Portfolios 2, registered under the 1940 Act 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 year ended October 31, 2014, were $222,656,529 and $120,442,579, respectively.

Prudential Global Total Return Fund, Inc. 87

Notes to Financial Statements

continued

Transactions in options written during the year ended October 31, 2014, were as follows:

	Notional Amount (000)			Premiums Received
Options outstanding at October 31, 2013	$	—		$	—
Options written		413,040			1,017,472
Options terminated in closing purchase transactions		(97,640	)		(105,920	)
Options expired		(27,600	)		(90,822	)
Options outstanding at October 31, 2014	$	287,800		$	820,730

Note 5. Distributions and Tax Information

Distributions to shareholders, which are determined in accordance with federal income tax regulations and which may differ from generally accepted accounting principles, are recorded on the ex-dividend date. In order to present distributions in excess of net investment income, accumulated net realized loss on investment and foreign currency transactions and paid-in capital in excess of par on the Statement of Assets and Liabilities that more closely represent their tax character, certain adjustments have been made to distributions in excess of net investment income, accumulated net realized loss on investment and foreign currency transactions and paid-in capital in excess of par. For the year ended October 31, 2014, the adjustments were to decrease distributions in excess of net investment income by $4,501,281, increase accumulated net realized loss on investment and foreign currency transactions by $54,705 and decrease paid-in capital in excess of par by $4,446,576 due to reclassification of net foreign currency loss, reclass of paydown and swap gain (loss), differences in the treatment of premium amortization and book to tax differences in the treatment of distributions. Net investment income, net realized gain (loss) on investment and foreign currency transactions and net assets were not affected by this change.

For the year ended October 31, 2014, the tax character of dividends paid as reflected in the Statement of Changes in Net Assets were $5,551,050 of ordinary income and $5,635,899 of tax return of capital. For the year ended October 31, 2013, the tax character of dividends paid were $7,630,382 of ordinary income and $4,872,234 of tax return of capital.

88

As of October 31, 2014, the Fund did not have any distributable earnings on a tax basis.

The United States federal income tax basis of the Fund’s investments and the net unrealized appreciation as of October 31, 2014 were as follows:

Tax Basis	Appreciation	Depreciation	Net Unrealized Depreciation	Other Cost Basis Adjustments	Total Net Unrealized Appreciation
$346,001,534	$9,603,965	$(10,366,499)	$(762,534)	$8,240,026	$7,477,492

The difference between book and tax basis is primarily attributable to deferred losses on wash sales, difference in the treatment of premium amortization and other book to tax differences. The other cost basis adjustments are primarily attributable to appreciation (depreciation) of foreign currencies, swaps, futures and mark-to-market of receivables and payables.

Under the Regulated Investment Company Modernization Act of 2010 (the “Act”), the Fund is permitted to carryforward capital losses realized on or after November 1, 2011 (“post-enactment losses”) for an unlimited period. 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 taxable years ending before October 31, 2012 (“pre-enactment losses”) may have an increased likelihood to expire unused. The Fund utilized approximately $4,447,000 of its pre-enactment losses to offset net taxable gains realized in the fiscal year ended October 31, 2014. No capital gains distributions are expected to be paid to shareholders until net gains have been realized in excess of such losses. As of October 31, 2014, the pre and post-enactment losses were approximately:

Post-Enactment Losses:	$	0
Pre-Enactment Losses:
Expiring 2017	$	566,000

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.

Prudential Global Total Return Fund, Inc. 89

Notes to Financial Statements

continued

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.

As of October 31, 2014, Prudential Financial, Inc. through its affiliates owned 1,618 Class Q shares of the Fund.

90

Transactions in shares of common stock were as follows:

Class A	Shares			Amount
Year ended October 31, 2014:
Shares sold		11,155,731		$	77,962,652
Shares issued in reinvestment of dividends and distributions		787,143			5,472,817
Shares reacquired		(6,552,275	)		(45,418,537	)
Net increase (decrease) in shares outstanding before conversion		5,390,599			38,016,932
Shares issued upon conversion from Class B and Class Z		52,872			369,296
Shares reacquired upon conversion into Class Z		(1,053,770	)		(7,445,065	)
Net increase (decrease) in shares outstanding		4,389,701		$	30,941,163
Year ended October 31, 2013:
Shares sold		7,776,808		$	55,202,078
Shares issued in reinvestment of dividends and distributions		850,609			5,921,669
Shares reacquired		(9,817,174	)		(68,048,037	)
Net increase (decrease) in shares outstanding before conversion		(1,189,757	)		(6,924,290	)
Shares issued upon conversion from Class B and Class Z		98,172			685,544
Shares reacquired upon conversion into Class Z		(178,014	)		(1,255,113	)
Net increase (decrease) in shares outstanding		(1,269,599	)	$	(7,493,859	)
Class B
Year ended October 31, 2014:
Shares sold		92,725		$	647,425
Shares issued in reinvestment of dividends and distributions		22,508			156,486
Shares reacquired		(150,848	)		(1,041,937	)
Net increase (decrease) in shares outstanding before conversion		(35,615	)		(238,026	)
Shares reacquired upon conversion into Class A		(36,151	)		(252,472	)
Net increase (decrease) in shares outstanding		(71,766	)	$	(490,498	)
Year ended October 31, 2013:
Shares sold		361,917		$	2,568,479
Shares issued in reinvestment of dividends and distributions		23,697			164,818
Shares reacquired		(246,478	)		(1,709,180	)
Net increase (decrease) in shares outstanding before conversion		139,136			1,024,117
Shares reacquired upon conversion into Class A		(51,536	)		(360,766	)
Net increase (decrease) in shares outstanding		87,600		$	663,351

Prudential Global Total Return Fund, Inc. 91

Notes to Financial Statements

continued

Class C	Shares			Amount
Year ended October 31, 2014:
Shares sold		1,932,678		$	13,476,316
Shares issued in reinvestment of dividends and distributions		116,287			806,752
Shares reacquired		(1,401,255	)		(9,661,423	)
Net increase (decrease) in shares outstanding before conversion		647,710			4,621,645
Shares reacquired upon conversion into Class Z		(144,909	)		(1,005,929	)
Net increase (decrease) in shares outstanding		502,801		$	3,615,716
Year ended October 31, 2013:
Shares sold		2,066,356		$	14,676,434
Shares issued in reinvestment of dividends and distributions		130,054			903,558
Shares reacquired		(2,239,727	)		(15,455,462	)
Net increase (decrease) in shares outstanding before conversion		(43,317	)		124,530
Shares reacquired upon conversion into Class Z		(131,719	)		(916,464	)
Net increase (decrease) in shares outstanding		(175,036	)	$	(791,934	)
Class Q
Year ended October 31, 2014:
Shares sold		250,048		$	1,751,333
Shares issued in reinvestment of dividends and distributions		1,901			13,448
Shares reacquired		(136,138	)		(946,346	)
Net increase (decrease) in shares outstanding		115,811		$	818,435
Year ended October 31, 2013:
Shares sold		7,304		$	50,103
Shares issued in reinvestment of dividends and distributions		83			580
Net increase (decrease) in shares outstanding		7,387		$	50,683

92

Class Z	Shares			Amount
Year ended October 31, 2014:
Shares sold		12,179,691		$	85,487,322
Shares issued in reinvestment of dividends and distributions		326,074			2,276,652
Shares reacquired		(4,535,355	)		(31,514,981	)
Net increase (decrease) in shares outstanding before conversion		7,970,410			56,248,993
Shares issued upon conversion from Class A and Class C		1,194,823			8,450,994
Shares reacquired upon conversion into Class A		(16,645	)		(116,824	)
Net increase (decrease) in shares outstanding		9,148,588		$	64,583,163
Year ended October 31, 2013:
Shares sold		7,203,534		$	51,370,889
Shares issued in reinvestment of dividends and distributions		340,851			2,389,199
Shares reacquired		(11,117,481	)		(77,313,225	)
Net increase (decrease) in shares outstanding before conversion		(3,573,096	)		(23,553,137	)
Shares issued upon conversion from Class A and Class C		308,419			2,171,577
Shares reacquired upon conversion into Class A		(46,453	)		(324,778	)
Net increase (decrease) in shares outstanding		(3,311,130	)	$	(21,706,338	)

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 the period October 9, 2014 through October 8, 2015. The Funds pay an annualized commitment fee of .075% of the unused portion of the SCA. Prior to October 9, 2014, the Funds had another SCA that provided a commitment of $900 million and the Funds paid an annualized commitment fee of .08% of the unused portion of the SCA. 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 year ended October 31, 2014. The average daily balance for the 2 days that the Fund had loans outstanding during the period was approximately $183,500, borrowed at a weighted average interest rate of 1.41%. At October 31, 2014, the Fund did not have an outstanding loan amount.

Prudential Global Total Return Fund, Inc. 93

Financial Highlights

Class A Shares
	Year Ended October 31,
	2014			2013			2012			2011			2010
Per Share Operating Performance(a):
Net Asset Value, Beginning Of Year		$6.92			$7.21			$6.99			$7.42			$7.20
Income (loss) from investment operations:
Net investment income		.19			.21			.22			.23			.27
Net realized and unrealized gain (loss) on investment and foreign currency transactions		.06			(.21	)		.31			.05			.66
Total from investment operations		.25			-	(d)		.53			.28			.93
Less Dividends and Distributions:
Dividends from net investment income*		(.15	)		(.18	)		(.28	)		(.71	)		(.71	)
Tax return of capital distributions		(.14	)		(.11	)		(.03	)		-			-
Total dividends and distributions		(.29	)		(.29	)		(.31	)		(.71	)		(.71	)
Net asset value, end of year		$6.88			$6.92			$7.21			$6.99			$7.42
Total Return(b):		3.67%			.07%			7.86%			4.60%			14.25%
Ratios/Supplemental Data:
Net assets, end of year (000)		$190,394			$161,099			$176,970			$154,056			$123,507
Average net assets (000)		$163,155			$180,342			$162,268			$125,292			$112,110
Ratios to average net assets(c):
Expenses after waivers and/or expense reimbursement		1.25%			1.23%			1.31%			1.35%			1.35%
Expenses before waivers and/or expense reimbursement		1.30%			1.28%			1.36%			1.44%			1.47%
Net investment income		2.79%			2.99%			3.17%			3.28%			3.97%
Portfolio turnover rate		65%			79%			97%			203%			117%

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

(b) Total return does not consider the effects of sales loads. Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year reported, and includes reinvestment of dividends and distributions. Total returns may reflect adjustments to conform to generally accepted accounting principles.

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

(d) Less than $.005 per share.

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

See Notes to Financial Statements.

94

Class B Shares
	Year Ended October 31,
	2014			2013			2012			2011			2010
Per Share Operating Performance(a):
Net Asset Value, Beginning Of Year		$6.92			$7.21			$6.99			$7.41			$7.19
Income (loss) from investment operations:
Net investment income		.14			.16			.17			.17			.22
Net realized and unrealized gain (loss) on investment and foreign currency transactions		.06			(.21	)		.30			.06			.66
Total from investment operations		.20			(.05	)		.47			.23			.88
Less Dividends and Distributions:
Dividends from net investment income*		(.10	)		(.13	)		(.22	)		(.65	)		(.66	)
Tax return of capital distributions		(.14	)		(.11	)		(.03	)		-			-
Total dividends and distributions		(.24	)		(.24	)		(.25	)		(.65	)		(.66	)
Net asset value, end of year		$6.88			$6.92			$7.21			$6.99			$7.41
Total Return(b):		2.90%			(.68)%			7.06%			3.86%			13.40%
Ratios/Supplemental Data:
Net assets, end of year (000)		$6,548			$7,084			$6,748			$5,018			$3,312
Average net assets (000)		$6,790			$7,299			$5,744			$3,465			$3,082
Ratios to average net assets(c):
Expenses after waivers and/or expense reimbursement		2.00%			1.98%			2.06%			2.10%			2.10%
Expenses before waivers and/or expense reimbursement		2.00%			1.98%			2.06%			2.14%			2.17%
Net investment income		2.05%			2.25%			2.40%			2.52%			3.23%
Portfolio turnover rate		65%			79%			97%			203%			117%

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

(b) Total return does not consider the effects of sales loads. Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year reported, and includes reinvestment of dividends and distributions. Total returns may reflect adjustments to conform to generally accepted accounting principles.

(c) 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

continued

Class C Shares
	Year Ended October 31,
	2014			2013			2012			2011			2010
Per Share Operating Performance(a):
Net Asset Value, Beginning Of Year		$6.90			$7.19			$6.97			$7.39			$7.17
Income (loss) from investment operations:
Net investment income		.14			.16			.17			.17			.23
Net realized and unrealized gain (loss) on investment and foreign currency transactions		.06			(.21	)		.31			.07			.67
Total from investment operations		.20			(.05	)		.48			.24			.90
Less Dividends and Distributions:
Dividends from net investment income*		(.10	)		(.13	)		(.23	)		(.66	)		(.68	)
Tax return of capital distributions		(.14	)		(.11	)		(.03	)		-			-
Total dividends and distributions		(.24	)		(.24	)		(.26	)		(.66	)		(.68	)
Net asset value, end of year		$6.86			$6.90			$7.19			$6.97			$7.39
Total Return(b):		2.90%			(.68)%			7.08%			4.00%			13.75%
Ratios/Supplemental Data:
Net assets, end of year (000)		$34,691			$31,424			$33,988			$19,408			$6,180
Average net assets (000)		$30,378			$36,071			$27,739			$10,010			$4,563
Ratios to average net assets(c):
Expenses after waivers and/or expense reimbursement		2.00%			1.98%			2.06%			2.05%			1.85%
Expenses before waivers and/or expense reimbursement		2.00%			1.98%			2.06%			2.14%			2.17%
Net investment income		2.05%			2.24%			2.39%			2.56%			3.45%
Portfolio turnover rate		65%			79%			97%			203%			117%

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

(b) Total return does not consider the effects of sales loads. Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year reported, and includes reinvestment of dividends and distributions. Total returns may reflect adjustments to conform to generally accepted accounting principles.

(c) 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.

96

Class Q Shares
	Year Ended October 31,						February 3, 2012(d) through October 31,
	2014			2013			2012
Per Share Operating Performance(a):
Net Asset Value, Beginning Of Period		$6.94			$7.23			$6.97
Income (loss) from investment operations:
Net investment income		.23			.24			.18
Net realized and unrealized gain (loss) on investment and foreign currency transactions		.12			(.21	)		.28
Total from investment operations		.35			.03			.46
Less Dividends and Distributions:
Dividends from net investment income		(.18	)		(.21	)		(.19	)
Tax return of capital distributions		(.14	)		(.11	)		(.01	)
Total dividends and distributions		(.32	)		(.32	)		(.20	)
Net asset value, end of period		$6.97			$6.94			$7.23
Total Return(b):		5.09%			.46%			6.81%
Ratios/Supplemental Data:
Net assets, end of period (000)		$869			$62			$11
Average net assets (000)		$295			$13			$10
Ratios to average net assets(c):
Expenses after waivers and/or expense reimbursement		.87%			.85%			.92%	(e)
Expenses before waivers and/or expense reimbursement		.87%			.85%			.92%	(e)
Net investment income		3.24%			3.48%			3.42%	(e)
Portfolio turnover rate		65%			79%			97%	(f)

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

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

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

(d) Commencement of offering.

(e) Annualized.

(f) Not annualized.

See Notes to Financial Statements.

Prudential Global Total Return Fund, Inc. 97

Financial Highlights

continued

Class Z Shares
	Year Ended October 31,
	2014			2013			2012			2011			2010
Per Share Operating Performance(a):
Net Asset Value, Beginning Of Year		$6.94			$7.23			$7.01			$7.44			$7.22
Income (loss) from investment operations:
Net investment income		.21			.22			.23			.22			.28
Net realized and unrealized gain (loss) on investment and foreign currency transactions		.06			(.20	)		.31			.08			.67
Total from investment operations		.27			.02			.54			.30			.95
Less Dividends and Distributions:
Dividends from net investment income*		(.17	)		(.20	)		(.29	)		(.73	)		(.73	)
Tax return of capital distributions		(.14	)		(.11	)		(.03	)		-			-
Total dividends and distributions		(.31	)		(.31	)		(.32	)		(.73	)		(.73	)
Net asset value, end of year		$6.90			$6.94			$7.23			$7.01			$7.44
Total Return(b):		3.92%			.31%			8.10%			4.87%			14.49%
Ratios/Supplemental Data:
Net assets, end of year (000)		$119,628			$56,817			$83,077			$42,330			$4,978
Average net assets (000)		$71,247			$81,390			$58,999			$12,813			$3,507
Ratios to average net assets(c):
Expenses after waivers and/or expense reimbursement		1.00%			.98%			1.06%			1.10%			1.10%
Expenses before waivers and/or expense reimbursement		1.00%			.98%			1.06%			1.14%			1.17%
Net investment income		3.00%			3.18%			3.37%			3.50%			4.25%
Portfolio turnover rate		65%			79%			97%			203%			117%

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

(b) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year reported, and includes reinvestment of dividends and distributions. Total returns may reflect adjustments to conform to generally accepted accounting principles.

(c) 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.

98

Report of Independent Registered Public

Accounting Firm

The Board of Directors and Shareholders

Prudential Global Total Return Fund, Inc.:

We have audited the accompanying statement of assets and liabilities of Prudential Global Total Return Fund, Inc. (hereafter referred to as the “Fund”), including the portfolio of investments, as of October 31, 2014, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the years in the two-year period then ended and the financial highlights for each of the years in the five-year period then ended. These financial statements and financial highlights are the responsibility of the Fund’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of October 31, 2014, by correspondence with the custodian, transfer agent and brokers or by other appropriate auditing procedures when replies from brokers were not received. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of the Fund as of October 31, 2014, and the results of its operations for the year then ended, the changes in its net assets for each of the years in the two-year period then ended and the financial highlights for each of the years in the five-year period then ended, in conformity with U.S. generally accepted accounting principles.

New York, New York

December 18, 2014

Prudential Global Total Return Fund, Inc. 99

Federal Income Tax Information

(Unaudited)

For the year ended October 31, 2014, the Fund reports the maximum amount allowable but not less than 35.32% as interest related dividends in accordance with Sections 871(k)(1) and 881(e)(1) of the Internal Revenue Code.

Interest-related dividends do not include any distributions paid by a Fund with respect to Fund tax years beginning after October 31, 2014. Consequently, this provision expires with respect to such distributions paid after the Fund’s fiscal year end.

In January 2015, you will be advised on IRS Form 1099-DIV or substitute 1099-DIV as to the federal tax status of distributions received by you in calendar year 2014.

100

INFORMATION ABOUT BOARD MEMBERS AND OFFICERS

(Unaudited)

Information about Board Members and Officers of the Fund is set forth below. Board Members who are not deemed to be “interested persons” of the Fund, as defined in the 1940 Act, are referred to as “Independent Board Members.” Board Members who are deemed to be “interested persons” of the Fund are referred to as “Interested Board Members.” The Board Members are responsible for the overall supervision of the operations of the Fund and perform the various duties imposed on the directors of investment companies by the 1940 Act. The Board in turn elects the Officers, who are responsible for administering the day-to-day operations of the Fund.

Independent Board Members(1)
Name, Address, Age Position(s) Portfolios Overseen	Principal Occupation(s) During Past Five Years	Other Directorships Held
Ellen S. Alberding (56) Board Member Portfolios Overseen: 69	President and Board Member, The Joyce Foundation (charitable foundation) (since 2002); Vice Chair, City Colleges of Chicago (community college system) (since 2011); Trustee, Skills for America’s Future (national initiative to connect employers to community colleges) (since 2011); Trustee, National Park Foundation (charitable foundation for national park system) (since 2009); Trustee, Economic Club of Chicago (since 2009).	None.
Kevin J. Bannon (62) Board Member Portfolios Overseen: 70	Managing Director (since April 2008) and Chief Investment Officer (October 2008-November 2013) of Highmount Capital LLC (registered investment adviser); formerly Executive Vice President and Chief Investment Officer (April 1993-August 2007) of Bank of New York Company; President (May 2003-May 2007) of BNY Hamilton Family of Mutual Funds.	Director of Urstadt Biddle Properties (equity real estate investment trust) (since September 2008).
Linda W. Bynoe (62) Board Member Portfolios Overseen: 70	President and Chief Executive Officer (since March 1995) and formerly Chief Operating Officer (December 1989-February 1995) of Telemat Ltd. (management consulting); formerly Vice President (January 1985-June 1989) at Morgan Stanley & Co (broker-dealer).	Director of Simon Property Group, Inc. (retail real estate) (May 2003-May 2012); Director of Anixter International, Inc. (communication products distributor) (since January 2006); Director of Northern Trust Corporation (financial services) (since April 2006); Trustee of Equity Residential (residential real estate) (since December 2009).

Prudential Global Total Return Fund, Inc.

Independent Board Members(1)
Name, Address, Age Position(s) Portfolios Overseen	Principal Occupation(s) During Past Five Years	Other Directorships Held
Keith F. Hartstein (58) Board Member Portfolios Overseen: 70	Retired; Formerly President and Chief Executive Officer (2005-2012), Senior Vice President (2004-2005), Senior Vice President of Sales and Marketing (1997-2004), and various executive management positions (1990-1997), John Hancock Funds, LLC (asset management); Chairman, Investment Company Institute’s Sales Force Marketing Committee (2003-2008).	None.
Michael S. Hyland, CFA (69) Board Member Portfolios Overseen: 69	Retired (since February 2005); Formerly Senior Managing Director (July 2001-February 2005) of Bear Stearns & Co, Inc.; Global Partner, INVESCO (1999-2001); Managing Director and President of Salomon Brothers Asset Management (1989-1999).	None.
Douglas H. McCorkindale (75) Board Member Portfolios Overseen: 69	Retired; Formerly Chairman (February 2001-June 2006), Chief Executive Officer (June 2000-July 2005), President (September 1997-July 2005) and Vice Chairman (March 1984-May 2000) of Gannett Co. Inc. (publishing and media).	Director of Lockheed Martin Corp. (aerospace and defense) (since May 2001).
Stephen P. Munn (72) Board Member Portfolios Overseen: 70	Lead Director (since 2007) and formerly Chairman (1993-2007) of Carlisle Companies Incorporated (manufacturer of industrial products).	Lead Director (since 2007) of Carlisle Companies Incorporated (manufacturer of industrial products).
James E. Quinn (62) Board Member Portfolios Overseen: 69	Retired; Formerly President (2003-2012) and Director (2003-2008), and Vice Chairman and Director (1998-2003), Tiffany & Company (jewelry retailing); Director, Mutual of America Capital Management Corporation (asset management) (since 1996); Director, Hofstra University (since 2008); Vice Chairman, Museum of the City of New York (since 1994).	Director of Deckers Outdoor Corporation (footwear manufacturer) (since 2011).
Richard A. Redeker (71) Board Member & Independent Chair Portfolios Overseen: 70	Retired Mutual Fund Senior Executive (44 years); Management Consultant; Director, Mutual Fund Directors Forum (since 2014); Independent Directors Council (organization of 2,800 Independent Mutual Fund Directors)-Executive Committee, Chair of Policy Steering Committee, Governing Council.	None.

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Independent Board Members(1)
Name, Address, Age Position(s) Portfolios Overseen	Principal Occupation(s) During Past Five Years	Other Directorships Held
Robin B. Smith (75) Board Member Portfolios Overseen:70	Chairman of the Board (since January 2003) of Publishers Clearing House (direct marketing); Member of the Board of Directors of ADLPartner (marketing) (since December 2010); formerly Chairman and Chief Executive Officer (August 1996-January 2003) of Publishers Clearing House.	Formerly Director of BellSouth Corporation (telecommunications) (1992-2006).
Stephen G. Stoneburn (71) Board Member Portfolios Overseen: 70	Chairman, (since July 2011), President and Chief Executive Officer (since June 1996) of Quadrant Media Corp. (publishing company); formerly President (June 1995-June 1996) of Argus Integrated Media, Inc.; Senior Vice President and Managing Director (January 1993-1995) of Cowles Business Media; Senior Vice President of Fairchild Publications, Inc. (1975-1989).	None.

Interested Board Members(1)
Name, Address, Age Position(s) Portfolios Overseen	Principal Occupation(s) During Past Five Years	Other Directorships Held
Stuart S. Parker (52) Board Member & President Portfolios Overseen: 64	President of Prudential Investments LLC (since January 2012); Executive Vice President of Prudential Investment Management Services LLC (since December 2012); Executive Vice President of Jennison Associates LLC and Head of Retail Distribution of Prudential Investments LLC (June 2005-December 2011).	None.
Scott E. Benjamin (41) Board Member & Vice President Portfolios Overseen: 70	Executive Vice President (since June 2009) of Prudential Investments LLC; Executive Vice President (June 2009-June 2012) and Vice President (since June 2012) of Prudential Investment Management Services LLC; Executive Vice President (since September 2009) of AST Investment Services, Inc.; Senior Vice President of Product Development and Marketing, Prudential Investments (since February 2006); Vice President of Product Development and Product Management, Prudential Investments (2003-2006).	None.

Prudential Global Total Return Fund, Inc.

Interested Board Members(1)
Name, Address, Age Position(s) Portfolios Overseen	Principal Occupation(s) During Past Five Years	Other Directorships Held
Grace C. Torres* (55) Board Member Portfolios Overseen: 65	Retired; Formerly Treasurer and Principal Financial and Accounting Officer of the Prudential Investments Funds, Target Funds, Advanced Series Trust, Prudential Variable Contract Accounts and The Prudential Series Fund (1998-June 2014); Assistant Treasurer (March 1999-June 2014) and Senior Vice President (September 1999-June 2014) of Prudential Investments LLC; Assistant Treasurer (May 2003-June 2014) and Vice President (June 2005-June 2014) of AST Investment Services, Inc.; Senior Vice President and Assistant Treasurer (May 2003-June 2014) of Prudential Annuities Advisory Services, Inc.	None.

* Note: Prior to her retirement in 2014, Ms. Torres was employed by Prudential Investments LLC. Due to her prior employment, she is considered to be an “interested person” under the 1940 Act. Ms. Torres is a non-management Interested Board Member.

⁽¹⁾ The year that each Board Member joined the Funds’ Board is as follows:

Ellen S. Alberding, 2013; Kevin J. Bannon, 2008; Linda W. Bynoe, 2005; Keith F. Hartstein, 2013; Michael S. Hyland, 2008; 2003; Douglas H. McCorkindale, 1996; Stephen P. Munn, 2008; James E. Quinn, 2013; Richard A. Redeker, 1993; Robin B. Smith, 1996; Stephen G. Stoneburn, 2003; Stuart S. Parker, Board Member since 2012 and President since 2012; Scott E. Benjamin, Board Member since 2010 and Vice President since 2009; Grace C. Torres, 2014.

Fund Officers(a)
Name, Address and Age Position with Fund	Principal Occupation(s) During Past Five Years	Length of Service as Fund Officer
Raymond A. O’Hara (59) Chief Legal Officer	Vice President and Corporate Counsel (since July 2010) of Prudential Insurance Company of America (Prudential); Vice President (March 2011-Present) of Pruco Life Insurance Company and Pruco Life Insurance Company of New Jersey; Vice President and Corporate Counsel (March 2011-Present) of Prudential Annuities Life Assurance Corporation; Chief Legal Officer of Prudential Investments LLC (since June 2012); Chief Legal Officer of Prudential Mutual Fund Services LLC (since June 2012) and Corporate Counsel of AST Investment Services, Inc. (since June 2012); formerly Assistant Vice President and Corporate Counsel (September 2008-July 2010) of The Hartford Financial Services Group, Inc.; formerly Associate (September 1980-December 1987) and Partner (January 1988–August 2008) of Blazzard & Hasenauer, P.C. (formerly, Blazzard, Grodd & Hasenauer, P.C.).	Since 2012

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Fund Officers(a)
Name, Address and Age Position with Fund	Principal Occupation(s) During Past Five Years	Length of Service as Fund Officer
Chad A. Earnst (39) Chief Compliance Officer	Chief Compliance Officer (September 2014-Present) of Prudential Investments LLC; Chief Compliance Officer (September 2014-Present) of the Prudential Investments Funds, Target Funds, Advanced Series Trust, The Prudential Series Fund, Prudential’s Gibraltar Fund, Inc., Prudential Global Short Duration High Yield Income Fund, Inc., Prudential Short Duration High Yield Fund, Inc. and Prudential Jennison MLP Income Fund, Inc.; formerly Assistant Director (March 2010-August 2014) of the Asset Management Unit, Division of Enforcement, US Securities & Exchange Commission; Assistant Regional Director (January 2010-August 2014), Branch Chief (June 2006–December 2009) and Senior Counsel (April 2003-May 2006) of the Miami Regional Office, Division of Enforcement, US Securities & Exchange Commission.	Since 2014
Deborah A. Docs (56) Secretary	Vice President and Corporate Counsel (since January 2001) of Prudential; Vice President (since December 1996) and Assistant Secretary (since March 1999) of Prudential Investments LLC; formerly Vice President and Assistant Secretary (May 2003-June 2005) of AST Investment Services, Inc.	Since 2004
Jonathan D. Shain (56) Assistant Secretary	Vice President and Corporate Counsel (since August 1998) of Prudential; Vice President and Assistant Secretary (since May 2001) of Prudential Investments LLC; Vice President and Assistant Secretary (since February 2001) of Prudential Mutual Fund Services LLC; formerly Vice President and Assistant Secretary (May 2003-June 2005) of AST Investment Services, Inc.	Since 2005
Claudia DiGiacomo (40) Assistant Secretary	Vice President and Corporate Counsel (since January 2005) of Prudential; Vice President and Assistant Secretary of Prudential Investments LLC (since December 2005); Associate at Sidley Austin Brown & Wood LLP (1999-2004).	Since 2005
Andrew R. French (52) Assistant Secretary	Vice President and Corporate Counsel (since February 2010) of Prudential; formerly Director and Corporate Counsel (2006-2010) of Prudential; Vice President and Assistant Secretary (since January 2007) of Prudential Investments LLC; Vice President and Assistant Secretary (since January 2007) of Prudential Mutual Fund Services LLC.	Since 2006
Amanda S. Ryan (36) Assistant Secretary	Director and Corporate Counsel (since March 2012) of Prudential; Director and Assistant Secretary (since June 2012) of Prudential Investments LLC; Associate at Ropes & Gray LLP (2008-2012).	Since 2012
Theresa C. Thompson (52) Deputy Chief Compliance Officer	Vice President, Compliance, Prudential Investments LLC (since April 2004); and Director, Compliance, Prudential Investments LLC (2001-2004).	Since 2008

Prudential Global Total Return Fund, Inc.

Fund Officers(a)
Name, Address and Age Position with Fund	Principal Occupation(s) During Past Five Years	Length of Service as Fund Officer
Richard W. Kinville (46) Anti-Money Laundering Compliance Officer	Vice President, Corporate Compliance, Anti-Money Laundering Unit (since January 2005) of Prudential; committee member of the American Council of Life Insurers Anti-Money Laundering and Critical Infrastructure Committee (since January 2007); formerly Investigator and Supervisor in the Special Investigations Unit for the New York Central Mutual Fire Insurance Company (August 1994-January 1999); Investigator in AXA Financial’s Internal Audit Department and Manager in AXA’s Anti-Money Laundering Office (January 1999-January 2005); first chair of the American Council of Life Insurers Anti-Money Laundering and Critical Infrastructure Committee (June 2007-December 2009).	Since 2011
M. Sadiq Peshimam (50) Treasurer and Principal Financial and Accounting Officer	Assistant Treasurer of funds in the Prudential Mutual Fund Complex (2006-2014); Vice President (since 2005) of Prudential Investments LLC.	Since 2006
Peter Parrella (56) Assistant Treasurer	Vice President (since 2007) and Director (2004-2007) within Prudential Mutual Fund Administration; formerly Tax Manager at SSB Citi Fund Management LLC (1997-2004).	Since 2007
Lana Lomuti (47) Assistant Treasurer	Vice President (since 2007) and Director (2005-2007), within Prudential Mutual Fund Administration; formerly Assistant Treasurer (December 2007-February 2014) of The Greater China Fund, Inc.	Since 2014
Linda McMullin (53) Assistant Treasurer	Vice President (since 2011) and Director (2008-2011) within Prudential Mutual Fund Administration.	Since 2014

^(a)  Excludes Mr. Parker and Mr. Benjamin, interested Board Members who also serve as President and Vice President, respectively.

Explanatory Notes to Tables:

n Board Members are deemed to be “Interested,” as defined in the 1940 Act, by reason of their affiliation with Prudential Investments LLC and/or an affiliate of Prudential Investments LLC.

n Unless otherwise noted, the address of all Board Members and Officers is c/o Prudential Investments LLC, Gateway Center Three, 100 Mulberry Street, Newark, New Jersey 07102-4077.

n There is no set term of office for Board Members or Officers. The Board Members have adopted a retirement policy, which calls for the retirement of Board Members on December 31 of the year in which they reach the age of 75.

n “Other Directorships Held” includes only directorships of companies required to register or file reports with the SEC under the 1934 Act (that is, “public companies”) or other investment companies registered under the 1940 Act.

n “Portfolios Overseen” includes all investment companies managed by Prudential Investments LLC. The investment companies for which Prudential Investments LLC serves as manager include the Prudential Investments Mutual Funds, The Prudential Variable Contract Accounts, Target Mutual Funds, Prudential Short Duration High Yield Fund, Inc., Prudential Global Short Duration High Yield Fund, Inc., The Prudential Series Fund, Prudential’s Gibraltar Fund, Inc. and the Advanced Series Trust.

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Approval of Advisory Agreements

The Fund’s Board of Directors

The Board of Directors (the “Board”) of Prudential Global Total Return Fund, Inc. (the “Fund”) consists of thirteen individuals, eleven of whom are not “interested persons” of the Fund, as defined in the Investment Company Act of 1940, as amended (the “1940 Act”) (the “Independent Directors”). The Board is responsible for the oversight of the Fund and its operations, and performs the various duties imposed on the directors of investment companies by the 1940 Act. The Independent Directors have retained independent legal counsel to assist them in connection with their duties. The Chair of the Board is an Independent Director. The Board has established three standing committees: the Audit Committee, the Nominating and Governance Committee, and the Investment Committee. Each committee is chaired by, and composed of, Independent Directors.

Annual Approval of the Fund’s Advisory Agreements

As required under the 1940 Act, the Board determines annually whether to renew the Fund’s management agreement with Prudential Investments LLC (“PI”) and the Fund’s subadvisory agreement with Prudential Investment Management, Inc. (“PIM”). In considering the renewal of the agreements, the Board, including all of the Independent Directors, met on June 9-11, 2014 and approved the renewal of the agreements through July 31, 2015, after concluding that the renewal of the agreements was in the best interests of the Fund and its shareholders.¹

In advance of the meetings, the Board requested and received materials relating to the agreements, and had the opportunity to ask questions and request further information in connection with its consideration. Among other things, the Board considered comparative fee information from PI and PIM. Also, the Board considered comparisons with other mutual funds in relevant Peer Universes and Peer Groups, as is further discussed below.

In approving the agreements, the Board, including the Independent Directors advised by independent legal counsel, considered the factors it deemed relevant, including the nature, quality and extent of services provided by PI and the subadviser, the performance of the Fund, the profitability of PI and its affiliates, expenses and fees, and the potential for economies of scale that may be shared with the Fund and its shareholders as the Fund’s assets grow. In their deliberations, the Directors did not identify any single factor which alone was responsible for the Board’s decision to approve the agreements with respect to the Fund. In connection with its deliberations,

¹  Grace C. Torres was elected to the Board as of December 2014, and therefore did not participate in the consideration of these approvals.

Prudential Global Total Return Fund, Inc.

Approval of Advisory Agreements (continued)

the Board considered information provided by PI throughout the year at regular Board meetings, presentations from portfolio managers and other information, as well as information furnished at or in advance of the meetings on June 9-11, 2014.

The Directors determined that the overall arrangements between the Fund and PI, which serves as the Fund’s investment manager pursuant to a management agreement, and between PI and PIM, which serves as the Fund’s subadviser pursuant to the terms of a subadvisory agreement with PI, are in the best interests of the Fund and its shareholders in light of the services performed, fees charged and such other matters as the Directors considered relevant in the exercise of their business judgment.

The material factors and conclusions that formed the basis for the Directors’ reaching their determinations to approve the continuance of the agreements are separately discussed below.

Nature, Quality and Extent of Services

The Board received and considered information regarding the nature, quality and extent of services provided to the Fund by PI and PIM. The Board considered the services provided by PI, including but not limited to the oversight of the subadviser for the Fund, as well as the provision of fund recordkeeping, compliance, and other services to the Fund. With respect to PI’s oversight of the subadviser, the Board noted that PI’s Strategic Investment Research Group (“SIRG”), which is a business unit of PI, is responsible for monitoring and reporting to PI’s senior management on the performance and operations of the subadviser. The Board also considered that PI pays the salaries of all of the officers and non-independent Directors of the Fund. The Board also considered the investment subadvisory services provided by PIM, as well as adherence to the Fund’s investment restrictions and compliance with applicable Fund policies and procedures. The Board considered PI’s evaluation of the subadviser, as well as PI’s recommendation, based on its review of the subadviser, to renew the subadvisory agreement.

The Board considered the qualifications, backgrounds and responsibilities of PI’s senior management responsible for the oversight of the Fund and PIM, and also considered the qualifications, backgrounds and responsibilities of PIM’s portfolio managers who are responsible for the day-to-day management of the Fund’s portfolio. The Board was provided with information pertaining to PI’s and PIM’s organizational structure, senior management, investment operations, and other relevant information pertaining to both PI and PIM. The Board also noted that it received favorable compliance reports from the Fund’s Chief Compliance Officer (“CCO”) as to both PI and PIM. The Board noted that PIM is affiliated with PI.

Visit our website at www.prudentialfunds.com

The Board concluded that it was satisfied with the nature, extent and quality of the investment management services provided by PI and the subadvisory services provided to the Fund by PIM, and that there was a reasonable basis on which to conclude that the Fund benefits from the services provided by PI and PIM under the management and subadvisory agreements.

Costs of Services and Profits Realized by PI

The Board was provided with information on the profitability of PI and its affiliates in serving as the Fund’s investment manager. The Board discussed with PI the methodology utilized in assembling the information regarding profitability and considered its reasonableness. The Board recognized that it is difficult to make comparisons of profitability from fund management contracts because comparative information is not generally publicly available and is affected by numerous factors, including the structure of the particular adviser, the types of funds it manages, its business mix, numerous assumptions regarding allocations and the adviser’s capital structure and cost of capital. The Board separately considered information regarding the profitability of the subadviser, an affiliate of PI. Taking these factors into account, the Board concluded that the profitability of PI and its affiliates in relation to the services rendered was not unreasonable.

Economies of Scale

In 2013, PI and the Board retained an outside business consulting firm, in order to assist the Board in its consideration of the renewal of the management and subadvisory agreements, by reviewing management fee breakpoint usage and trends in management fees across the mutual fund industry. The consulting firm’s analysis and conclusions with respect to the Funds’ management fee structures were presented to the Board and PI at the December 3-5, 2013 meeting, and were discussed extensively by the Board and PI over the following two quarters.

The Board noted that the management fee schedule for the Fund includes breakpoints, which have the effect of decreasing the fee rate as assets increase, but at the current level of assets, the Fund does not realize the effect of those rate reductions. The Board received and discussed information concerning whether PI realizes economies of scale as the Fund’s assets grow beyond current levels. The Board took note that the Fund’s fee structure would result in benefits to Fund shareholders when (and if) assets reach the levels at which the fee rate is reduced. These benefits will accrue whether or not PI is then realizing any economies of scale. The Board recognized the inherent limitations of any analysis of economies of scale, stemming largely from the Board’s understanding that most of PI’s costs are not specific to any individual funds, but rather are incurred across a variety of products and services.

Prudential Global Total Return Fund, Inc.

Approval of Advisory Agreements (continued)

Other Benefits to PI and PIM

The Board considered potential ancillary benefits that might be received by PI and PIM and their affiliates as a result of their relationship with the Fund. The Board concluded that potential benefits to be derived by PI included fees received by affiliates of PI for serving as the Fund’s securities lending agent, transfer agency fees received by the Fund’s transfer agent (which is affiliated with PI), as well as benefits to its reputation or other intangible benefits resulting from PI’s association with the Fund. The Board concluded that the potential benefits to be derived by PIM included those generally resulting from an increase in assets under management, specifically, potential access to additional research resources and benefits to its reputation. The Board concluded that the benefits derived by PI and PIM were consistent with the types of benefits generally derived by investment managers and subadvisers to mutual funds.

Performance of the Fund / Fees and Expenses

The Board considered certain additional specific factors and made related conclusions relating to the historical performance of the Fund for the one-, three-, five- and ten-year periods ended December 31, 2013.

The Board also considered the Fund’s actual management fee, as well as the Fund’s net total expense ratio, for the fiscal year ended October 31, 2013. The Board considered the management fee for the Fund as compared to the management fee charged by PI to other funds and the fee charged by other advisers to comparable mutual funds in a Peer Group. The actual management fee represents the fee rate actually paid by Fund shareholders and includes any fee waivers or reimbursements. The net total expense ratio for the Fund represents the actual expense ratio incurred by Fund shareholders.

The mutual funds included in the Peer Universe (a custom peer group of un-hedged mutual funds included in the Lipper Global Income Funds Performance Universe)² and the Peer Group were objectively determined by Lipper Inc. (“Lipper”), an independent provider of mutual fund data. To the extent that PI deemed appropriate, and for reasons addressed in detail with the Board, PI may have provided supplemental data compiled by Lipper for the Board’s consideration. The

²  The Fund was compared to the group of un-hedged mutual funds included in the Lipper Global Income Funds Performance Universe, although Lipper classifies the Fund in its Global Income Funds Performance Universe. The Fund was compared to the group of un-hedged mutual funds included in the Global Income Funds Performance Universe because PI believes that these funds provide a more appropriate basis for Fund performance comparisons.

Visit our website at www.prudentialfunds.com

comparisons placed the Fund in various quartiles, with the first quartile being the best 25% of the mutual funds (for performance, the best performing mutual funds and, for expenses, the lowest cost mutual funds).

The section below summarizes key factors considered by the Board and the Board’s conclusions regarding the Fund’s performance, fees and overall expenses. The table sets forth gross performance comparisons (which do not reflect the impact on performance of fund expenses, or any subsidies, expense caps or waivers that may be applicable) with the Peer Universe, actual management fees with the Peer Group (which reflect the impact of any subsidies or fee waivers), and net total expenses with the Peer Group, each of which were key factors considered by the Board.

Performance	1 Year	3 Years	5 Years	10 Years
	2nd Quartile	1st Quartile	2nd Quartile	1st Quartile
Actual Management Fees: 4th Quartile
Net Total Expenses: 4th Quartile

• The Board noted that the Fund outperformed its benchmark index over all periods.

• The Board and PI agreed to continue the existing voluntary expense cap of 1.10% (exclusive of 12b-1 fees and certain other fees).

• The Board concluded that, in light of the Fund’s competitive performance, it would be in the best interests of the Fund and its shareholders to renew the agreements.

• The Board concluded that the management fees (including subadvisory fees) and total expenses were reasonable in light of the services provided.

*    *    *

After full consideration of these factors, the Board concluded that the approval of the agreements was in the best interests of the Fund and its shareholders.

Prudential Global Total Return Fund, Inc.

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 Securities and Exchange Commission’s website.

DIRECTORS

Ellen S. Alberding • Kevin J. Bannon • Scott E. Benjamin • Linda W. Bynoe • Keith F. Hartstein • Michael S. Hyland • Douglas H. McCorkindale • Stephen P. Munn • Stuart S. Parker • James E. Quinn • Richard A. Redeker • Robin B. Smith • Stephen G. Stoneburn • Grace C. Torres

OFFICERS

Stuart S. Parker, President • Scott E. Benjamin, Vice President • M. Sadiq Peshimam, Treasurer and Principal Financial and Accounting Officer • Raymond A. O’Hara, Chief Legal Officer • Deborah A. Docs, Secretary • Chad A. Earnst, 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 • Peter Parrella, Assistant Treasurer • Lana Lomuti, Assistant Treasurer • Linda McMullin, 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 1-800-SEC-0330. The Fund’s schedule of portfolio holdings is also available on the Fund’s website as of the end of each month.

The Fund’s Statement of Additional Information contains additional information about the Fund’s Directors and is available without charge, upon request, by calling (800) 225-1852.

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

MF169E    0270908-00001-00

Item 2 – Code of Ethics — See Exhibit (a)

As of the end of the period covered by this report, the registrant has adopted a code of ethics (the “Section 406 Standards for Investment Companies – Ethical Standards for Principal Executive and Financial Officers”) that applies to the registrant’s Principal Executive Officer and Principal Financial Officer; the registrant’s Principal Financial Officer also serves as the Principal Accounting Officer.

The registrant hereby undertakes to provide any person, without charge, upon request, a copy of the code of ethics. To request a copy of the code of ethics, contact the registrant 800-225-1852, and ask for a copy of the Section 406 Standards for Investment Companies - Ethical Standards for Principal Executive and Financial Officers.

Item 3 – Audit Committee Financial Expert –

The registrant’s Board has determined that Mr. Stephen P. Munn, member of the Board’s Audit Committee is an “audit committee financial expert,” and that he is “independent,” for purposes of this Item.

Item 4 – Principal Accountant Fees and Services –

(a) Audit Fees

For the fiscal years ended October 31, 2014 and October 31, 2013, KPMG LLP (“KPMG”), the Registrant’s principal accountant, billed the Registrant $60,500 and $60,000, respectively, for professional services rendered for the audit of the Registrant’s annual financial statements or services that are normally provided in connection with statutory and regulatory filings.

(b) Audit-Related Fees

None.

(c) Tax Fees

None.

(d) All Other Fees

None.

(e) (1) Audit Committee Pre-Approval Policies and Procedures

THE PRUDENTIAL MUTUAL FUNDS

AUDIT COMMITTEE POLICY

on

Pre-Approval of Services Provided by the Independent Accountants

The Audit Committee of each Prudential Mutual Fund is charged with the responsibility to monitor the independence of the Fund’s independent accountants. As part of this responsibility, the Audit Committee must pre-approve any independent accounting firm’s engagement to render audit and/or permissible non-audit services, as required by law. In evaluating a proposed engagement of the independent accountants, the Audit Committee will assess the effect that the engagement might reasonably be expected to have on the accountant’s independence. The Committee’s evaluation will be based on:

• a review of the nature of the professional services expected to be provided,

• a review of the safeguards put into place by the accounting firm to safeguard independence, and

• periodic meetings with the accounting firm.

Policy for Audit and Non-Audit Services Provided to the Funds

On an annual basis, the scope of audits for each Fund, audit fees and expenses, and audit-related and non-audit services (and fees proposed in respect thereof) proposed to be performed by the Fund’s independent accountants will be presented by the Treasurer and the independent accountants to the Audit Committee for review and, as appropriate, approval prior to the initiation of such services. Such presentation shall be accompanied by confirmation by both the Treasurer and the independent accountants that the proposed services will not adversely affect the independence of the independent accountants. Proposed services shall be described in sufficient detail to enable the Audit Committee to assess the appropriateness of such services and fees, and the compatibility of the provision of such services with the auditor’s independence. The Committee shall receive periodic reports on the progress of the audit and other services which are approved by the Committee or by the Committee Chair pursuant to authority delegated in this Policy.

The categories of services enumerated under “Audit Services”, “Audit-related Services”, and “Tax Services” are intended to provide guidance to the Treasurer and the independent accountants as to those categories of services which the Committee believes are generally consistent with the independence of the independent accountants and which the Committee (or the Committee Chair) would expect upon the presentation of specific proposals to pre-approve. The enumerated categories are not intended as an exclusive list of audit, audit-related or tax services, which the Committee (or the Committee Chair) would consider for pre-approval.

Audit Services

The following categories of audit services are considered to be consistent with the role of the Fund’s independent accountants:

Ø Annual Fund financial statement audits

Ø Seed audits (related to new product filings, as required)

Ø SEC and regulatory filings and consents

Audit-related Services

The following categories of audit-related services are considered to be consistent with the role of the Fund’s independent accountants:

Ø Accounting consultations

Ø Fund merger support services

Ø Agreed Upon Procedure Reports

Ø Attestation Reports

Ø Other Internal Control Reports

Individual audit-related services that fall within one of these categories and are not presented to the Audit Committee as part of the annual pre-approval process will be subject to pre-approval by the Committee Chair (or any other Committee member on whom this responsibility has been delegated) so long as the estimated fee for those services does not exceed $50,000.

Tax Services

The following categories of tax services are considered to be consistent with the role of the Fund’s independent accountants:

Ø Tax compliance services related to the filing or amendment of the following:

¡ Federal, state and local income tax compliance; and,

¡ Sales and use tax compliance

Ø Timely RIC qualification reviews

Ø Tax distribution analysis and planning

Ø Tax authority examination services

Ø Tax appeals support services

Ø Accounting methods studies

Ø Fund merger support services

Ø Tax consulting services and related projects

Individual tax services that fall within one of these categories and are not presented to the Audit Committee as part of the annual pre-approval process will be subject to pre-approval by the Committee Chair (or any other Committee member on whom this responsibility has been delegated) so long as the estimated fee for those services does not exceed $50,000.

Other Non-audit Services

Certain non-audit services that the independent accountants are legally permitted to render will be subject to pre-approval by the Committee or by one or more Committee members to whom the Committee has delegated this authority and who will report to the full Committee any pre-approval decisions made pursuant to this Policy. Non-audit services presented for pre-approval pursuant to this paragraph will be accompanied by a confirmation from both the Treasurer and the independent accountants that the proposed services will not adversely affect the independence of the independent accountants.

Proscribed Services

The Fund’s independent accountants will not render services in the following categories of non-audit services:

Ø Bookkeeping or other services related to the accounting records or financial statements of the Fund

Ø Financial information systems design and implementation

Ø Appraisal or valuation services, fairness opinions, or contribution-in-kind reports

Ø Actuarial services

Ø Internal audit outsourcing services

Ø Management functions or human resources

Ø Broker or dealer, investment adviser, or investment banking services

Ø Legal services and expert services unrelated to the audit

Ø Any other service that the Public Company Accounting Oversight Board determines, by regulation, is impermissible.

Pre-approval of Non-Audit Services Provided to Other Entities Within the Prudential Fund Complex

Certain non-audit services provided to Prudential Investments LLC or any of its affiliates that also provide ongoing services to the Prudential Mutual Funds will be subject to pre-approval by the Audit Committee. The only non-audit services provided to these entities that will require pre-approval are those related directly to the operations and financial reporting of the Funds. Individual projects that are not presented to the Audit Committee as part of the annual pre-approval process will be subject to pre-approval by the Committee Chair (or any other Committee member on whom this responsibility has been delegated) so long as the estimated fee for those services does not exceed $50,000. Services presented for pre-approval pursuant to this paragraph will be accompanied by a confirmation from both the Treasurer and the independent accountants that the proposed services will not adversely affect the independence of the independent accountants.

Although the Audit Committee will not pre-approve all services provided to Prudential Investments LLC and its affiliates, the Committee will receive an annual report from the Fund’s independent accounting firm showing the aggregate fees for all services provided to Prudential Investments and its affiliates.

(e) (2) Percentage of services referred to in 4(b) – 4(d) that were approved by the audit committee –

   Not applicable.

(f) Percentage of hours expended attributable to work performed by other than full time employees of principal accountant if greater than 50%.

The percentage of hours expended on the principal accountant’s engagement to audit the registrant’s financial statements for the most recent fiscal year that were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees was 0%.

(g) Non-Audit Fees

Not applicable to Registrant for the fiscal years 2014 and 2013. The aggregate non-audit fees billed by KPMG for services rendered to the registrant’s investment adviser and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant for the fiscal years 2014 and 2013 was $0 and $0, respectively.

(h) Principal Accountant’s Independence

Not applicable as KPMG has not provided non-audit services to the registrant’s investment adviser and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant that were not pre-approved pursuant to Rule 2-01(c)(7)(ii) of Regulation S-X.

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 – Attached hereto as Exhibit EX-99.CODE-ETH
		(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:	December 18, 2014
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:	December 18, 2014
By:	/s/ M. Sadiq Peshimam
	M. Sadiq Peshimam
	Treasurer and Principal Financial and Accounting Officer
Date:	December 18, 2014