PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Long-Term Investments 96.7% | |||||
Asset-Backed Securities 17.4% | |||||
Cayman Islands 11.8% | |||||
Bain Capital Credit CLO, Series 2018-01A, Class A1, 144A, 3 Month LIBOR + 0.960% (Cap N/A, Floor 0.000%) | 2.766 %(c) | 04/23/31 | 250 | $248,782 | |
BlueMountain CLO Ltd., Series 2016-02A, Class A1R, 144A, 3 Month LIBOR + 1.310% (Cap N/A, Floor 1.310%) | 3.209(c) | 08/20/32 | 250 | 249,947 | |
Brookside Mill CLO Ltd., Series 2013-01A, Class BR, 144A, 3 Month LIBOR + 1.350% (Cap N/A, Floor 0.000%) | 3.186(c) | 01/17/28 | 250 | 248,748 | |
Carlyle Global Market Strategies CLO Ltd., Series 2014-01A, Class A1R2, 144A, 3 Month LIBOR + 0.970% (Cap N/A, Floor 0.970%) | 2.806(c) | 04/17/31 | 250 | 248,363 | |
CBAM Ltd., Series 2019-11A, Class A1, 144A, 3 Month LIBOR + 1.360% (Cap N/A, Floor 1.360%) | 3.259(c) | 10/20/32 | 250 | 250,019 | |
Cent CLO Ltd., Series C17A, Class A1AR, 144A, 3 Month LIBOR + 1.030% (Cap N/A, Floor 0.000%) | 2.800(c) | 04/30/31 | 250 | 249,054 | |
Greenwood Park CLO Ltd., Series 2018-01A, Class A2, 144A, 3 Month LIBOR + 1.010% (Cap N/A, Floor 0.000%) | 2.841(c) | 04/15/31 | 250 | 248,167 | |
Greywolf CLO Ltd., Series 2018-01A, Class A1, 144A, 3 Month LIBOR + 1.030% (Cap N/A, Floor 0.000%) | 2.824(c) | 04/26/31 | 250 | 248,899 | |
HPS Loan Management Ltd., Series 15A-19, Class A1, 144A, 3 Month LIBOR + 1.320% (Cap N/A, Floor 1.320%) | 3.122(c) | 07/22/32 | 250 | 250,207 | |
Madison Park Funding Ltd., Series 2016-21A, Class A1AR, 144A, 3 Month LIBOR + 1.350% (Cap N/A, Floor 1.350%) | 3.181(c) | 10/15/32 | 250 | 250,015 | |
MidOcean Credit CLO, | |||||
Series 2018-08A, Class A1, 144A, 3 Month LIBOR + 1.150% (Cap N/A, Floor 0.000%) | 3.049(c) | 02/20/31 | 250 | 249,138 | |
Series 2018-08A, Class B, 144A, 3 Month LIBOR + 1.650% (Cap N/A, Floor 0.000%) | 3.549(c) | 02/20/31 | 250 | 248,421 | |
OZLM Ltd., Series 2014-06A, Class A2AS, 144A, 3 Month LIBOR + 1.750% (Cap N/A, Floor 0.000%) | 3.586(c) | 04/17/31 | 250 | 250,264 | |
Telos CLO Ltd., Series 2013-04A, Class AR, 144A, 3 Month LIBOR + 1.240% (Cap N/A, Floor 0.000%) | 3.076(c) | 01/17/30 | 250 | 248,748 |
1
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Asset-Backed Securities(Continued) | |||||
Cayman Islands (cont’d.) | |||||
TICP CLO Ltd., Series 2015-01A, Class BR, 144A, 3 Month LIBOR + 1.300% (Cap N/A, Floor 0.000%) | 3.119 %(c) | 07/20/27 | 250 | $248,737 | |
Tryon Park CLO Ltd., Series 2013-01A, Class A2R, 144A, 3 Month LIBOR + 1.500% (Cap N/A, Floor 0.000%) | 3.331(c) | 04/15/29 | 250 | 249,581 | |
Voya CLO Ltd., Series 2013-02A, Class A1R, 144A, 3 Month LIBOR + 0.970% (Cap N/A, Floor 0.970%) | 2.764(c) | 04/25/31 | 250 | 248,581 | |
4,235,671 | |||||
Ireland 1.5% | |||||
Arbour CLO DAC, Series 03A, Class B1R, 144A | 1.920 | 03/15/29 | EUR | 250 | 277,267 |
Armada Euro CLO DAC, Series 02A, Class A3, 144A | 1.500 | 11/15/31 | EUR | 250 | 277,159 |
554,426 | |||||
Spain 0.4% | |||||
TFS, Series 2018-03, Class A1, 1 Month EURIBOR + 2.900% | 2.900(c) | 03/16/23 | EUR | 124 | 137,166 |
United States 3.7% | |||||
Battalion CLO Ltd., Series 2018-12A, Class A1, 144A, 3 Month LIBOR + 1.070% (Cap N/A, Floor 1.070%) | 2.974(c) | 05/17/31 | 250 | 247,414 | |
Citibank Credit Card Issuance Trust, Series 2018-A07, Class A7 | 3.960 | 10/13/30 | 100 | 115,187 | |
Lendmark Funding Trust, | |||||
Series 2019-01A, Class A, 144A | 3.000 | 12/20/27 | 100 | 100,434 | |
Series 2019-02A, Class A, 144A | 2.780 | 04/20/28 | 200 | 199,547 | |
OneMain Direct Auto Receivables Trust, Series 2019-01A, Class A, 144A | 3.630 | 09/14/27 | 100 | 105,321 | |
Oportun Funding LLC, Series 2018-A, Class A, 144A | 3.610 | 03/08/24 | 250 | 252,399 | |
PNMAC GMSR Issuer Trust, | |||||
Series 2018-GT01, Class A, 144A, 1 Month LIBOR + 2.850% (Cap N/A, Floor 2.850%) | 4.511(c) | 02/25/23 | 100 | 100,576 |
2
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Asset-Backed Securities(Continued) | |||||
United States (cont’d.) | |||||
PNMAC GMSR Issuer Trust, (cont’d.) | |||||
Series 2018-GT02, Class A, 144A, 1 Month LIBOR + 2.650% (Cap N/A, Floor 0.000%) | 4.311 %(c) | 08/25/25 | 100 | $100,658 | |
TH MSR Issuer Trust, Series 2019-FT01, Class A, 144A, 1 Month LIBOR + 2.800% (Cap N/A, Floor 2.800%) | 4.461(c) | 06/25/24 | 120 | 119,689 | |
1,341,225 | |||||
Total Asset-Backed Securities (cost $6,324,705) | 6,268,488 | ||||
Commercial Mortgage-Backed Securities 5.7% | |||||
United States | |||||
BANK, Series 2018-BN10, Class A4 | 3.428 | 02/15/61 | 250 | 273,044 | |
Benchmark Mortgage Trust, | |||||
Series 2018-B01, Class A3 | 3.355 | 01/15/51 | 175 | 184,973 | |
Series 2018-B02, Class A3 | 3.544 | 02/15/51 | 200 | 213,905 | |
BX Commercial Mortgage Trust, | |||||
Series 2019-XL, Class F, 144A, 1 Month LIBOR + 2.000% (Cap N/A, Floor 2.000%) | 3.676(c) | 10/15/36 | 100 | 100,422 | |
Series 2019-XL, Class G, 144A, 1 Month LIBOR + 2.300% (Cap N/A, Floor 2.300%) | 3.976(c) | 10/15/36 | 100 | 100,401 | |
Series 2020-BXLP, Class F, 144A | —(p) | 12/15/29 | 100 | 100,382 | |
Citigroup Commercial Mortgage Trust, Series 2018-B02, Class A3 | 3.744 | 03/10/51 | 150 | 166,791 | |
Credit Suisse Mortgage Capital Certificates, Series 2019-ICE04, Class E, 144A, 1 Month LIBOR + 2.150% (Cap N/A, Floor 2.150%) | 3.826(c) | 05/15/36 | 100 | 100,442 | |
FHLMC Multifamily Structured Pass-Through Certificates, Series K052, Class X1, IO | 0.795(cc) | 11/25/25 | 4,564 | 139,918 | |
GS Mortgage Securities Trust, Series 2018-GS09, Class A3 | 3.727 | 03/10/51 | 125 | 138,624 | |
UBS Commercial Mortgage Trust, Series 2018-C08, Class A3 | 3.720 | 02/15/51 | 250 | 276,927 | |
Wells Fargo Commercial Mortgage Trust, Series 2016-LC24, Class A3 | 2.684 | 10/15/49 | 250 | 259,127 | |
Total Commercial Mortgage-Backed Securities (cost $1,944,524) | 2,054,956 |
3
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds 33.1% | |||||
Canada 1.0% | |||||
Bombardier, Inc., | |||||
Sr. Unsec’d. Notes, 144A | 7.500 % | 12/01/24 | 25 | $24,566 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 03/15/25 | 25 | 24,166 | |
Sr. Unsec’d. Notes, 144A | 7.875 | 04/15/27 | 40 | 37,998 | |
Hydro-Quebec, Gov’t. Gtd. Notes, Series HK | 9.375 | 04/15/30 | 150 | 246,221 | |
MEG Energy Corp., Sr. Unsec’d. Notes, 144A | 7.125 | 02/01/27 | 10 | 9,896 | |
342,847 | |||||
China 1.2% | |||||
Aircraft Finance Co. Ltd., Sr. Sec’d. Notes, Series B | 4.100 | 03/29/26 | 200 | 207,158 | |
CNAC HK Finbridge Co. Ltd., Gtd. Notes | 1.750 | 06/14/22 | EUR | 100 | 114,123 |
Sinopec Group Overseas Development 2015 Ltd., Gtd. Notes | 1.000 | 04/28/22 | EUR | 100 | 113,112 |
434,393 | |||||
France 2.3% | |||||
BNP Paribas SA, Sr. Unsec’d. Notes, 144A | 3.052(ff) | 01/13/31 | 200 | 204,958 | |
Credit Agricole Assurances SA, Sub. Notes | 4.250(ff) | —(rr) | EUR | 100 | 124,502 |
Loxam SAS, Sr. Sub. Notes | 5.750 | 07/15/27 | EUR | 120 | 137,380 |
SNCF Reseau, Sr. Unsec’d. Notes | 4.700 | 06/01/35 | CAD | 100 | 96,406 |
Societe Generale SA, Sr. Unsec’d. Notes, 144A, MTN | 3.875 | 03/28/24 | 255 | 271,295 | |
834,541 | |||||
Germany 1.1% | |||||
Deutsche Bahn Finance GMBH, Gtd. Notes, MTN | 3.800 | 09/27/27 | AUD | 100 | 76,775 |
4
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds(Continued) | |||||
Germany (cont’d.) | |||||
Deutsche Bank AG, Sr. Unsec’d. Notes | 4.250 % | 02/04/21 | 200 | $203,726 | |
Volkswagen International Finance NV, Gtd. Notes | 2.700(ff) | —(rr) | EUR | 100 | 115,064 |
395,565 | |||||
Hong Kong 0.3% | |||||
HKT Capital No 3 Ltd., Gtd. Notes | 1.650 | 04/10/27 | EUR | 100 | 115,817 |
Indonesia 0.3% | |||||
Perusahaan Listrik Negara PT, Sr. Unsec’d. Notes, 144A | 1.875 | 11/05/31 | EUR | 100 | 111,177 |
Italy 1.3% | |||||
Assicurazioni Generali SpA, Sub. Notes, EMTN | 5.500(ff) | 10/27/47 | EUR | 100 | 136,868 |
Intesa Sanpaolo SpA, Sr. Unsec’d. Notes, 144A | 3.375 | 01/12/23 | 200 | 205,122 | |
Rossini Sarl, Sr. Sec’d. Notes, 144A | 6.750 | 10/30/25 | EUR | 100 | 122,360 |
464,350 | |||||
Kazakhstan 0.3% | |||||
Kazakhstan Temir Zholy National Co. JSC, | |||||
Gtd. Notes | 3.250 | 12/05/23 | CHF | 50 | 57,419 |
Gtd. Notes | 3.638 | 06/20/22 | CHF | 50 | 55,842 |
113,261 | |||||
Luxembourg 0.3% | |||||
ARD Finance SA, Sr. Sec’d. Notes, 144A, Cash coupon 5.000% or PIK 5.750% | 5.000 | 06/30/27 | EUR | 100 | 112,846 |
Mexico 1.0% | |||||
Petroleos Mexicanos, Gtd. Notes | 3.625 | 11/24/25 | EUR | 300 | 349,400 |
5
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds(Continued) | |||||
Netherlands 0.4% | |||||
Nederlandse Waterschapsbank NV, Sr. Unsec’d. Notes, MTN | 3.400 % | 07/22/25 | AUD | 200 | $149,287 |
Peru 0.5% | |||||
Peru Enhanced Pass-Through Finance Ltd., Pass-Through Certificates | 1.962(s) | 06/02/25 | 184 | 170,909 | |
Russia 0.4% | |||||
Gazprom PJSC Via Gaz Capital SA, Sr. Unsec’d. Notes | 4.250 | 04/06/24 | GBP | 100 | 143,435 |
Spain 0.3% | |||||
Adif-Alta Velocidad, Sr. Unsec’d. Notes, EMTN | 1.875 | 01/28/25 | EUR | 100 | 121,096 |
Supranational Bank 0.4% | |||||
African Development Bank, Sr. Unsec’d. Notes, EMTN | 0.500 | 09/21/21 | NZD | 200 | 126,632 |
Switzerland 1.3% | |||||
Credit Suisse Group AG, Sr. Unsec’d. Notes, 144A | 2.593(ff) | 09/11/25 | 250 | 253,913 | |
UBS Group AG, Sr. Unsec’d. Notes, 144A | 4.125 | 09/24/25 | 200 | 220,821 | |
474,734 | |||||
United Arab Emirates 0.4% | |||||
First Abu Dhabi Bank PJSC, Sr. Unsec’d. Notes, EMTN | 4.800 | 06/01/21 | CNY | 1,000 | 146,278 |
United Kingdom 3.1% | |||||
Barclays PLC, Sr. Unsec’d. Notes | 3.932(ff) | 05/07/25 | 200 | 212,765 | |
BAT Capital Corp., Gtd. Notes | 2.789 | 09/06/24 | 200 | 204,479 | |
CPUK Finance Ltd., Sec’d. Notes | 4.875 | 02/28/47 | GBP | 100 | 136,342 |
DS Smith PLC, Sr. Unsec’d. Notes, EMTN | 0.875 | 09/12/26 | EUR | 100 | 111,364 |
eG Global Finance PLC, Sr. Sec’d. Notes, 144A | 6.250 | 10/30/25 | EUR | 100 | 114,866 |
6
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds(Continued) | |||||
United Kingdom (cont’d.) | |||||
Royal Bank of Scotland Group PLC, Sr. Unsec’d. Notes | 3.875 % | 09/12/23 | 200 | $211,468 | |
Stonegate Pub Co. Financing PLC, Sec’d. Notes, 144A, 3 Month GBP LIBOR + 6.250% | 7.048(c) | 03/15/22 | GBP | 100 | 132,222 |
1,123,506 | |||||
United States 17.2% | |||||
AbbVie, Inc., | |||||
Sr. Unsec’d. Notes, 144A | 4.050 | 11/21/39 | 50 | 54,512 | |
Sr. Unsec’d. Notes, 144A | 4.250 | 11/21/49 | 50 | 54,683 | |
AMC Entertainment Holdings, Inc., Gtd. Notes | 5.875 | 11/15/26 | 50 | 43,535 | |
American Axle & Manufacturing, Inc., Gtd. Notes | 6.500 | 04/01/27 | 50 | 51,139 | |
American International Group, Inc., Sr. Unsec’d. Notes | 1.875 | 06/21/27 | EUR | 100 | 120,693 |
Anthem, Inc., Sr. Unsec’d. Notes | 2.875 | 09/15/29 | 100 | 101,147 | |
Ascent Resources Utica Holdings LLC/ARU Finance Corp., | |||||
Sr. Unsec’d. Notes, 144A | 7.000 | 11/01/26 | 25 | 18,038 | |
Sr. Unsec’d. Notes, 144A | 10.000 | 04/01/22 | 25 | 24,500 | |
Ashton Woods USA LLC/Ashton Woods Finance Co., Sr. Unsec’d. Notes, 144A | 9.875 | 04/01/27 | 50 | 57,586 | |
AT&T, Inc., | |||||
Sr. Unsec’d. Notes | 4.550 | 03/09/49 | 60 | 68,387 | |
Sr. Unsec’d. Notes | 4.750 | 05/15/46 | 85 | 98,408 | |
Bank of America Corp., | |||||
Jr. Sub. Notes, Series MM | 4.300(ff) | —(rr) | 110 | 110,004 | |
Sr. Unsec’d. Notes, MTN | 2.884(ff) | 10/22/30 | 170 | 176,821 | |
Sr. Unsec’d. Notes, MTN | 3.194(ff) | 07/23/30 | 85 | 90,536 | |
Bausch Health Americas, Inc., Gtd. Notes, 144A | 8.500 | 01/31/27 | 10 | 11,304 | |
Bausch Health Cos., Inc., | |||||
Gtd. Notes, 144A | 5.250 | 01/30/30 | 25 | 25,448 | |
Gtd. Notes, 144A | 7.250 | 05/30/29 | 10 | 11,220 | |
Sr. Sec’d. Notes, 144A | 5.750 | 08/15/27 | 5 | 5,355 | |
Beazer Homes USA, Inc., | |||||
Gtd. Notes | 6.750 | 03/15/25 | 50 | 52,577 | |
Gtd. Notes, 144A | 7.250 | 10/15/29 | 20 | 21,882 |
7
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds(Continued) | |||||
United States (cont’d.) | |||||
Bristol-Myers Squibb Co., | |||||
Sr. Unsec’d. Notes, 144A | 3.200 % | 06/15/26 | 25 | $26,757 | |
Sr. Unsec’d. Notes, 144A | 3.400 | 07/26/29 | 75 | 82,344 | |
Sr. Unsec’d. Notes, 144A | 3.450 | 11/15/27 | 100 | 109,184 | |
Brixmor Operating Partnership LP, Sr. Unsec’d. Notes | 4.125 | 05/15/29 | 65 | 71,703 | |
Broadcom, Inc., | |||||
Gtd. Notes, 144A | 3.125 | 04/15/21 | 55 | 55,793 | |
Gtd. Notes, 144A | 3.125 | 10/15/22 | 45 | 46,181 | |
Calpine Corp., | |||||
Sr. Unsec’d. Notes | 5.750 | 01/15/25 | 50 | 51,377 | |
Sr. Unsec’d. Notes, 144A | 5.125 | 03/15/28 | 50 | 49,760 | |
CCO Holdings LLC/CCO Holdings Capital Corp., Sr. Unsec’d. Notes, 144A | 5.000 | 02/01/28 | 75 | 78,507 | |
Charter Communications Operating LLC/Charter Communications Operating Capital, | |||||
Sr. Sec’d. Notes | 4.800 | 03/01/50 | 35 | 37,497 | |
Sr. Sec’d. Notes | 6.384 | 10/23/35 | 100 | 130,022 | |
Chemours Co. (The), Gtd. Notes | 7.000 | 05/15/25 | 50 | 47,821 | |
Clear Channel Worldwide Holdings, Inc., Gtd. Notes, 144A | 9.250 | 02/15/24 | 71 | 77,301 | |
CVS Health Corp., Sr. Unsec’d. Notes | 4.300 | 03/25/28 | 10 | 11,095 | |
Dana Financing Luxembourg Sarl, Gtd. Notes, 144A | 6.500 | 06/01/26 | 50 | 53,417 | |
Dana, Inc., Sr. Unsec’d. Notes | 5.375 | 11/15/27 | 25 | 25,843 | |
DH Europe Finance II Sarl, | |||||
Gtd. Notes | 0.200 | 03/18/26 | EUR | 100 | 110,852 |
Gtd. Notes | 0.450 | 03/18/28 | EUR | 100 | 111,187 |
Diamond Sports Group LLC/Diamond Sports Finance Co., Gtd. Notes, 144A | 6.625 | 08/15/27 | 45 | 42,117 | |
Discovery Communications LLC, Gtd. Notes | 4.900 | 03/11/26 | 100 | 113,557 | |
DISH DBS Corp., Gtd. Notes | 7.750 | 07/01/26 | 75 | 78,751 | |
Embarq Corp., Sr. Unsec’d. Notes | 7.995 | 06/01/36 | 100 | 111,048 | |
Energizer Gamma Acquisition BV, Gtd. Notes | 4.625 | 07/15/26 | EUR | 100 | 115,937 |
8
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds(Continued) | |||||
United States (cont’d.) | |||||
Energy Transfer Operating LP, | |||||
Gtd. Notes | 5.000 % | 05/15/50 | 45 | $46,253 | |
Jr. Sub. Notes, Series G | 7.125(ff) | —(rr) | 100 | 101,812 | |
Enterprise Products Operating LLC, | |||||
Gtd. Notes | 3.700 | 01/31/51 | 15 | 15,100 | |
Gtd. Notes | 3.950 | 01/31/60 | 15 | 15,317 | |
Everi Payments, Inc., Gtd. Notes, 144A | 7.500 | 12/15/25 | 19 | 20,292 | |
Fidelity National Information Services, Inc., Sr. Unsec’d. Notes | 1.500 | 05/21/27 | EUR | 100 | 118,554 |
Goldman Sachs Group, Inc. (The), Sub. Notes | 4.750 | 10/12/21 | EUR | 150 | 179,239 |
HCA, Inc., Sr. Sec’d. Notes | 5.250 | 04/15/25 | 100 | 113,707 | |
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc., Gtd. Notes, 144A | 6.500 | 04/15/29 | 25 | 27,941 | |
JPMorgan Chase & Co., Sr. Unsec’d. Notes | 3.702(ff) | 05/06/30 | 65 | 71,795 | |
Kraft Heinz Foods Co., | |||||
Gtd. Notes | 3.000 | 06/01/26 | 100 | 102,019 | |
Gtd. Notes, 144A | 4.875 | 10/01/49 | 20 | 21,977 | |
Liberty Mutual Group, Inc., Gtd. Notes | 2.750 | 05/04/26 | EUR | 100 | 124,903 |
Marsh & McLennan Cos., Inc., Sr. Unsec’d. Notes | 1.349 | 09/21/26 | EUR | 100 | 118,116 |
Medtronic Global Holdings SCA, | |||||
Gtd. Notes | 1.000 | 07/02/31 | EUR | 100 | 117,043 |
Gtd. Notes | 1.125 | 03/07/27 | EUR | 100 | 118,129 |
Michaels Stores, Inc., Gtd. Notes, 144A | 8.000 | 07/15/27 | 25 | 22,429 | |
Morgan Stanley, | |||||
Sr. Unsec’d. Notes, EMTN | 1.342(ff) | 10/23/26 | EUR | 100 | 117,184 |
Sub. Notes, GMTN | 4.350 | 09/08/26 | 100 | 111,492 | |
MPLX LP, Sr. Unsec’d. Notes | 4.000 | 03/15/28 | 25 | 26,239 | |
Nationstar Mortgage Holdings, Inc., | |||||
Gtd. Notes, 144A | 6.000 | 01/15/27 | 10 | 10,175 | |
Gtd. Notes, 144A | 8.125 | 07/15/23 | 40 | 42,480 | |
Newell Brands, Inc., Sr. Unsec’d. Notes | 4.200(cc) | 04/01/26 | 100 | 104,377 |
9
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds(Continued) | |||||
United States (cont’d.) | |||||
NRG Energy, Inc., Gtd. Notes | 5.750 % | 01/15/28 | 53 | $57,094 | |
Occidental Petroleum Corp., | |||||
Sr. Unsec’d. Notes | 2.600 | 08/13/21 | 15 | 15,153 | |
Sr. Unsec’d. Notes | 2.700 | 08/15/22 | 25 | 25,380 | |
ONEOK, Inc., Gtd. Notes | 4.450 | 09/01/49 | 120 | 124,750 | |
Range Resources Corp., Gtd. Notes, 144A | 9.250 | 02/01/26 | 50 | 44,180 | |
Sally Holdings LLC/Sally Capital, Inc., | |||||
Gtd. Notes | 5.500 | 11/01/23 | 50 | 50,927 | |
Gtd. Notes | 5.625 | 12/01/25 | 25 | 25,919 | |
Scientific Games International, Inc., Gtd. Notes | 6.625 | 05/15/21 | 50 | 50,432 | |
Shire Acquisitions Investments Ireland DAC, Gtd. Notes | 3.200 | 09/23/26 | 25 | 26,313 | |
Sprint Capital Corp., Gtd. Notes | 8.750 | 03/15/32 | 50 | 55,374 | |
Stryker Corp., Sr. Unsec’d. Notes | 2.625 | 11/30/30 | EUR | 100 | 132,965 |
Suburban Propane Partners LP/Suburban Energy Finance Corp., Sr. Unsec’d. Notes | 5.875 | 03/01/27 | 50 | 51,419 | |
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., Gtd. Notes, 144A | 5.500 | 01/15/28 | 50 | 49,971 | |
Tenet Healthcare Corp., | |||||
Sr. Sec’d. Notes, 144A | 5.125 | 11/01/27 | 50 | 52,308 | |
Sr. Unsec’d. Notes | 6.750 | 06/15/23 | 25 | 27,186 | |
Thermo Fisher Scientific, Inc., Sr. Unsec’d. Notes | 0.500 | 03/01/28 | EUR | 100 | 111,722 |
U.S. Concrete, Inc., Gtd. Notes | 6.375 | 06/01/24 | 50 | 51,854 | |
United Airlines 2019-2 Class AA Pass-Through Trust, Pass-Through Certificates | 2.700 | 11/01/33 | 25 | 25,629 | |
United Rentals North America, Inc., | |||||
Gtd. Notes | 5.250 | 01/15/30 | 10 | 10,749 | |
Gtd. Notes | 5.500 | 05/15/27 | 100 | 106,367 | |
Verizon Communications, Inc., Sr. Unsec’d. Notes | 1.250 | 04/08/30 | EUR | 100 | 118,730 |
Vistra Operations Co. LLC, Gtd. Notes, 144A | 5.000 | 07/31/27 | 45 | 46,340 |
10
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds(Continued) | |||||
United States (cont’d.) | |||||
Welltower, Inc., Sr. Unsec’d. Notes | 3.100 % | 01/15/30 | 70 | $73,066 | |
William Lyon Homes, Inc., | |||||
Gtd. Notes | 6.000 | 09/01/23 | 50 | 52,162 | |
Gtd. Notes, 144A | 6.625 | 07/15/27 | 25 | 27,048 | |
Williams Cos., Inc. (The), Sr. Unsec’d. Notes | 3.600 | 03/15/22 | 100 | 102,990 | |
Zimmer Biomet Holdings, Inc., Sr. Unsec’d. Notes | 1.414 | 12/13/22 | EUR | 100 | 115,311 |
6,213,738 | |||||
Total Corporate Bonds (cost $11,635,881) | 11,943,812 | ||||
Residential Mortgage-Backed Securities 1.7% | |||||
Bermuda 0.4% | |||||
Bellemeade Re Ltd., Series 2018-01A, Class M1B, 144A, 1 Month LIBOR + 1.600% (Cap N/A, Floor 0.000%) | 3.261(c) | 04/25/28 | 120 | 119,966 | |
United States 1.3% | |||||
GCAT LLC, Series 2019-04, Class A1, 144A | 3.228 | 11/26/49 | 195 | 196,043 | |
GS Mortgage-Backed Securities Trust, Series 2019-SL01, Class A1, 144A | 2.625(cc) | 01/25/59 | 84 | 84,263 | |
Legacy Mortgage Asset Trust, | |||||
Series 2019-PR01, Class A1, 144A | 3.858 | 09/25/59 | 97 | 97,567 | |
Series 2020-GS01, Class A1, 144A | 2.882 | 10/25/59 | 100 | 100,235 | |
478,108 | |||||
Total Residential Mortgage-Backed Securities (cost $596,099) | 598,074 | ||||
Sovereign Bonds 35.9% | |||||
Argentina 0.5% | |||||
Argentine Republic Government International Bond, Sr. Unsec’d. Notes | 7.820 | 12/31/33 | EUR | 310 | 181,817 |
11
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds(Continued) | |||||
Austria 0.5% | |||||
Republic of Austria Government International Bond, Sr. Unsec’d. Notes, 144A, MTN | 5.375 % | 12/01/34 | CAD | 160 | $168,322 |
Brazil 1.9% | |||||
Brazil Loan Trust 1, Gov’t. Gtd. Notes | 5.477 | 07/24/23 | 101 | 105,193 | |
Brazil Minas SPE via State of Minas Gerais, Gov’t. Gtd. Notes | 5.333 | 02/15/28 | 540 | 581,673 | |
686,866 | |||||
Bulgaria 0.4% | |||||
Bulgaria Government International Bond, Sr. Unsec’d. Notes, EMTN | 3.125 | 03/26/35 | EUR | 100 | 145,777 |
Canada 0.3% | |||||
City of Toronto Canada, Unsec’d. Notes | 3.500 | 12/06/21 | CAD | 150 | 117,017 |
Chile 0.4% | |||||
Chile Government International Bond, Sr. Unsec’d. Notes | 1.440 | 02/01/29 | EUR | 115 | 138,605 |
China 0.4% | |||||
Export-Import Bank of China (The), Sr. Unsec’d. Notes | 4.400 | 05/14/24 | CNY | 1,000 | 150,165 |
Colombia 1.8% | |||||
Colombia Government International Bond, Sr. Unsec’d. Notes, EMTN | 3.875 | 03/22/26 | EUR | 500 | 658,747 |
Croatia 0.7% | |||||
Croatia Government International Bond, Sr. Unsec’d. Notes | 6.000 | 01/26/24 | 200 | 230,172 | |
Cyprus 1.7% | |||||
Cyprus Government International Bond, | |||||
Sr. Unsec’d. Notes, EMTN | 2.750 | 06/27/24 | EUR | 300 | 373,148 |
Sr. Unsec’d. Notes, EMTN | 2.750 | 02/26/34 | EUR | 100 | 139,277 |
12
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds(Continued) | |||||
Cyprus (cont’d.) | |||||
Cyprus Government International Bond, (cont’d.) | |||||
Sr. Unsec’d. Notes, EMTN | 2.750 % | 05/03/49 | EUR | 30 | $44,367 |
Sr. Unsec’d. Notes, EMTN | 4.250 | 11/04/25 | EUR | 50 | 68,555 |
625,347 | |||||
Dominican Republic 0.3% | |||||
Dominican Republic International Bond, Sr. Unsec’d. Notes | 5.950 | 01/25/27 | 100 | 109,986 | |
Greece 2.1% | |||||
Hellenic Republic Government Bond, | |||||
Bonds | 0.000(cc) | 10/15/42 | EUR | 5,000 | 20,518 |
Bonds | 3.000(cc) | 02/24/37 | EUR | 440 | 626,190 |
Sr. Unsec’d. Notes, 144A | 3.375 | 02/15/25 | EUR | 20 | 25,348 |
Hellenic Republic Government International Bond, Sr. Unsec’d. Notes | 5.200 | 07/17/34 | EUR | 50 | 77,547 |
749,603 | |||||
Hungary 0.5% | |||||
Hungary Government International Bond, | |||||
Sr. Unsec’d. Notes | 1.750 | 10/10/27 | EUR | 100 | 123,660 |
Sr. Unsec’d. Notes | 4.300 | 12/19/21 | CNH | 300 | 43,567 |
167,227 | |||||
Indonesia 1.6% | |||||
Indonesia Government International Bond, | |||||
Sr. Unsec’d. Notes | 1.750 | 04/24/25 | EUR | 200 | 234,010 |
Sr. Unsec’d. Notes | 3.375 | 07/30/25 | EUR | 100 | 126,580 |
Sr. Unsec’d. Notes, EMTN | 4.125 | 01/15/25 | 200 | 216,185 | |
576,775 | |||||
Israel 0.4% | |||||
Israel Government International Bond, Sr. Unsec’d. Notes, EMTN | 1.500 | 01/18/27 | EUR | 100 | 121,281 |
Italy 4.3% | |||||
Italy Buoni Poliennali Del Tesoro, | |||||
Bonds, 144A | 2.800 | 03/01/67 | EUR | 105 | 137,701 |
Unsec’d. Notes, 144A | 3.350 | 03/01/35 | EUR | 400 | 560,591 |
13
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds(Continued) | |||||
Italy (cont’d.) | |||||
Repubic of Italy Government International Bond Strips Coupon, Sr. Unsec’d. Notes | 1.737 %(s) | 02/20/31 | EUR | 85 | $81,732 |
Republic of Italy Government International Bond, | |||||
Sr. Unsec’d. Notes, EMTN, EURIBOR ICE SWAP 11:00 Fft 10Y Index + 0.000% (Cap 7.000%, Floor 2.000%) | 2.000(c) | 06/15/20 | EUR | 100 | 111,733 |
Sr. Unsec’d. Notes, EMTN | 5.345 | 01/27/48 | EUR | 50 | 91,065 |
Sr. Unsec’d. Notes, EMTN | 6.000 | 08/04/28 | GBP | 60 | 102,251 |
Sr. Unsec’d. Notes, MTN | 5.125 | 07/31/24 | EUR | 350 | 468,185 |
1,553,258 | |||||
Japan 0.7% | |||||
Japan Government Thirty Year Bond, Sr. Unsec’d. Notes, Series 63 | 0.400 | 06/20/49 | JPY | 5,000 | 46,664 |
Japan Government Twenty Year Bond, | |||||
Sr. Unsec’d. Notes, Series 168 | 0.400 | 03/20/39 | JPY | 10,000 | 95,466 |
Sr. Unsec’d. Notes, Series 169 | 0.300 | 06/20/39 | JPY | 10,000 | 93,675 |
235,805 | |||||
Kazakhstan 0.4% | |||||
Kazakhstan Government International Bond, Sr. Unsec’d. Notes, 144A, MTN | 2.375 | 11/09/28 | EUR | 115 | 145,417 |
Malaysia 0.3% | |||||
Malaysia Government Bond, Sr. Unsec’d. Notes, Series 314 | 4.048 | 09/30/21 | MYR | 457 | 113,694 |
Mexico 1.3% | |||||
Mexico Government International Bond, | |||||
Sr. Unsec’d. Notes | 2.875 | 04/08/39 | EUR | 100 | 126,019 |
Sr. Unsec’d. Notes, EMTN | 1.750 | 04/17/28 | EUR | 100 | 117,181 |
Sr. Unsec’d. Notes, EMTN | 6.750 | 02/06/24 | GBP | 150 | 237,914 |
481,114 | |||||
New Zealand 0.4% | |||||
New Zealand Local Government Funding Agency Bond, Gov’t. Gtd. Notes | 4.500 | 04/15/27 | NZD | 200 | 153,122 |
14
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds(Continued) | |||||
Panama 0.6% | |||||
Panama Government International Bond, Sr. Unsec’d. Notes | 3.875 % | 03/17/28 | 200 | $221,354 | |
Peru 0.7% | |||||
Peruvian Government International Bond, Sr. Unsec’d. Notes | 2.750 | 01/30/26 | EUR | 200 | 253,338 |
Poland 0.6% | |||||
Republic of Poland Government International Bond, Sr. Unsec’d. Notes | 5.000 | 03/23/22 | 200 | 213,857 | |
Portugal 3.0% | |||||
Portugal Government International Bond, Sr. Unsec’d. Notes | 4.090 | 06/03/22 | CNH | 600 | 86,646 |
Portugal Obrigacoes do Tesouro OT, | |||||
Sr. Unsec’d. Notes, 144A | 3.875 | 02/15/30 | EUR | 435 | 657,333 |
Sr. Unsec’d. Notes, 144A | 4.100 | 04/15/37 | EUR | 195 | 334,270 |
1,078,249 | |||||
Romania 0.5% | |||||
Romanian Government International Bond, | |||||
Sr. Unsec’d. Notes, EMTN | 3.875 | 10/29/35 | EUR | 100 | 132,217 |
Unsec’d. Notes, 144A, MTN | 2.124 | 07/16/31 | EUR | 50 | 57,762 |
189,979 | |||||
Russia 0.7% | |||||
Russian Foreign Bond - Eurobond, Sr. Unsec’d. Notes | 2.875 | 12/04/25 | EUR | 200 | 251,786 |
Saudi Arabia 1.0% | |||||
Saudi Government International Bond, | |||||
Sr. Unsec’d. Notes, 144A | 2.000 | 07/09/39 | EUR | 125 | 146,263 |
Sr. Unsec’d. Notes, EMTN | 2.875 | 03/04/23 | 200 | 205,925 | |
352,188 | |||||
Senegal 0.3% | |||||
Senegal Government International Bond, Sr. Unsec’d. Notes, 144A | 4.750 | 03/13/28 | EUR | 100 | 118,326 |
15
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds(Continued) | |||||
Serbia 0.6% | |||||
Serbia International Bond, Sr. Unsec’d. Notes, 144A | 1.500 % | 06/26/29 | EUR | 200 | $227,662 |
Spain 3.9% | |||||
Instituto de Credito Oficial, Gov’t. Gtd. Notes, GMTN | 0.963 | 09/22/22 | SEK | 1,000 | 105,594 |
Spain Government Bond, | |||||
Bonds, 144A | 5.150 | 10/31/28 | EUR | 200 | 318,048 |
Sr. Unsec’d. Notes, 144A | 1.850 | 07/30/35 | EUR | 270 | 352,614 |
Sr. Unsec’d. Notes, 144A | 3.450 | 07/30/66 | EUR | 60 | 111,961 |
Unsec’d. Notes, 144A | 1.300 | 10/31/26 | EUR | 285 | 344,483 |
Spain Government International Bond, Sr. Unsec’d. Notes, EMTN | 5.250 | 04/06/29 | GBP | 100 | 173,025 |
1,405,725 | |||||
Sweden 0.3% | |||||
Svensk Exportkredit AB, Sr. Unsec’d. Notes, EMTN | 0.500 | 03/15/22 | ZAR | 2,000 | 114,717 |
Turkey 0.7% | |||||
Turkey Government International Bond, | |||||
Sr. Unsec’d. Notes | 5.200 | 02/16/26 | EUR | 100 | 124,378 |
Sr. Unsec’d. Notes, EMTN | 3.250 | 06/14/25 | EUR | 100 | 114,128 |
238,506 | |||||
Ukraine 1.0% | |||||
Ukraine Government International Bond, | |||||
Sr. Unsec’d. Notes | 6.750 | 06/20/26 | EUR | 200 | 257,420 |
Sr. Unsec’d. Notes, 144A | 4.375 | 01/27/30 | EUR | 100 | 110,079 |
367,499 | |||||
United Arab Emirates 0.6% | |||||
Abu Dhabi Government International Bond, Sr. Unsec’d. Notes | 2.500 | 10/11/22 | 200 | 203,265 | |
United Kingdom 0.2% | |||||
United Kingdom Gilt, Bonds | 1.750 | 01/22/49 | GBP | 35 | 54,532 |
16
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds(Continued) | |||||
Uruguay 0.3% | |||||
Uruguay Government International Bond, | |||||
Sr. Unsec’d. Notes | 4.375 % | 10/27/27 | 39 | $44,349 | |
Sr. Unsec’d. Notes | 4.375 | 01/23/31 | 63 | 71,671 | |
116,020 | |||||
Total Sovereign Bonds (cost $12,434,048) | 12,917,120 | ||||
U.S. Government Agency Obligation 0.1% | |||||
Indonesia Government USAID Bond U.S. Gov’t. Gtd. Notes (cost $32,838) | 9.300 | 07/01/20 | 32 | 33,245 | |
U.S. Treasury Obligations 2.8% | |||||
U.S. Treasury Bonds(k) | 2.750 | 08/15/47 | 675 | 781,313 | |
U.S. Treasury Notes | 1.750 | 11/15/29 | 230 | 235,031 | |
Total U.S. Treasury Obligations (cost $896,173) | 1,016,344 | ||||
Total Long-Term Investments (cost $33,864,268) | 34,832,039 |
Shares | |||||
Short-Term Investments 1.1% | |||||
Affiliated Mutual Fund 1.1% | |||||
PGIM Core Ultra Short Bond Fund (cost $402,363)(w) | 402,363 | 402,363 | |||
Options Purchased*~ 0.0% | |||||
(cost $2,095) | 11,607 | ||||
Total Short-Term Investments (cost $404,458) | 413,970 |
17
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Description | Value | ||||
TOTAL INVESTMENTS, BEFORE OPTIONS WRITTEN 97.8% (cost $34,268,726) | $35,246,009 | ||||
Options Written*~ (0.0)% | |||||
(premiums received $1,753) | (307) | ||||
TOTAL INVESTMENTS, NET OF OPTIONS WRITTEN 97.8% (cost $34,266,973) | 35,245,702 | ||||
Other assets in excess of liabilities(z) 2.2% | 783,349 | ||||
Net Assets 100.0% | $36,029,051 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: |
AUD—Australian Dollar | |
BRL—Brazilian Real | |
CAD—Canadian Dollar | |
CHF—Swiss Franc | |
CLP—Chilean Peso | |
CNH—Chinese Renminbi | |
CNY—China Yuan | |
COP—Colombian Peso | |
CZK—Czech Koruna | |
EGP—Egyptian Pound | |
EUR—Euro | |
GBP—British Pound | |
HKD—Hong Kong Dollar | |
HUF—Hungarian Forint | |
IDR—Indonesian Rupiah | |
ILS—Israeli Shekel | |
INR—Indian Rupee | |
JPY—Japanese Yen | |
KRW—South Korean Won | |
MXN—Mexican Peso | |
MYR—Malaysian Ringgit | |
NOK—Norwegian Krone | |
NZD—New Zealand Dollar | |
PEN—Peruvian Nuevo Sol | |
PHP—Philippine Peso | |
PLN—Polish Zloty | |
RUB—Russian Ruble | |
SEK—Swedish Krona | |
SGD—Singapore Dollar | |
THB—Thai Baht | |
TRY—Turkish Lira | |
TWD—New Taiwanese Dollar | |
USD—US Dollar | |
ZAR—South African Rand |
144A—Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, pursuant to the requirements of Rule 144A, may not be resold except to qualified institutional buyers. | |
A—Annual payment frequency for swaps |
18
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
BBR—New Zealand Bank Bill Rate | |
BBSW—Australian Bank Bill Swap Reference Rate | |
BIBOR—Bangkok Interbank Offered Rate | |
BROIS—Brazil Overnight Index Swap | |
BUBOR—Budapest Interbank Offered Rate | |
CDOR—Canadian Dollar Offered Rate | |
CLO—Collateralized Loan Obligation | |
CLOIS—Sinacofi Chile Interbank Rate Average | |
CMS—Constant Maturity Swap | |
COOIS—Colombia Overnight Interbank Reference Rate | |
CPI—Consumer Price Index | |
EMTN—Euro Medium Term Note | |
EONIA—Euro Overnight Index Average | |
EURIBOR—Euro Interbank Offered Rate | |
GMAC—General Motors Acceptance Corporation | |
GMTN—Global Medium Term Note | |
HIBOR—Hong Kong Interbank Offered Rate | |
HICP—Harmonised Index of Consumer Prices | |
ICE—Intercontinental Exchange | |
IO—Interest Only (Principal amount represents notional) | |
JIBAR—Johannesburg Interbank Agreed Rate | |
KLIBOR—Kuala Lumpur Interbank Offered Rate | |
KWCDC—Korean Won Certificate of Deposit | |
LIBOR—London Interbank Offered Rate | |
M—Monthly payment frequency for swaps | |
MTN—Medium Term Note | |
NIBOR—Norwegian Interbank Offered Rate | |
OTC—Over-the-counter | |
PIK—Payment-in-Kind | |
PJSC—Public Joint-Stock Company | |
PRIBOR—Prague Interbank Offered Rate | |
Q—Quarterly payment frequency for swaps | |
S—Semiannual payment frequency for swaps | |
SIBOR—Singapore Interbank Offered Rate | |
SONIA—Sterling Overnight Index Average | |
STIBOR—Stockholm Interbank Offered Rate | |
Strips—Separate Trading of Registered Interest and Principal of Securities | |
T—Swap payment upon termination | |
TELBOR—Tel Aviv Interbank Offered Rate | |
USAID—United States Agency for International Development | |
USOIS—United States Overnight Index Swap | |
WIBOR—Warsaw Interbank Offered Rate |
* | Non-income producing security. |
# | Principal or notional amount is shown in U.S. dollars unless otherwise stated. |
~ | See tables subsequent to the Schedule of Investments for options detail. |
^ | Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $392 and 0.0% of net assets. |
(c) | Variable rate instrument. The interest rate shown reflects the rate in effect at January 31, 2020. |
(cc) | Variable rate instrument. The rate shown is based on the latest available information as of January 31, 2020. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description. |
19
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
(ff) | Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end. |
(k) | Represents security, or a portion thereof, segregated as collateral for centrally cleared/exchange-traded derivatives. |
(p) | Interest rate not available as of January 31, 2020. |
(rr) | Perpetual security with no stated maturity date. |
(s) | Represents zero coupon bond or principal only security. Rate represents yield to maturity at purchase date. |
(w) | PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Core Ultra Short Bond Fund. |
(z) | Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments: |
Options Purchased:
OTC Traded | ||||||||||||||||
Description | Call/ Put | Counterparty | Expiration Date | Strike | Contracts | Notional Amount (000)# | Value | |||||||||
2-Year 10 CMS Curve CAP | Call | Barclays Bank PLC | 07/12/21 | 0.11% | — | 65 | $788 | |||||||||
2-Year 10 CMS Curve CAP | Call | Bank of America, N.A. | 08/16/21 | 0.15% | — | 158 | 1,800 | |||||||||
2-Year 10 CMS Curve CAP | Call | Bank of America, N.A. | 08/20/21 | 0.15% | — | 313 | 3,666 | |||||||||
2-Year 10 CMS Curve CAP | Call | Bank of America, N.A. | 09/13/21 | 0.14% | — | 320 | 3,947 | |||||||||
2-Year 10 CMS Curve CAP | Call | Barclays Bank PLC | 11/09/21 | 0.21% | — | 63 | 710 | |||||||||
Total OTC Traded (cost $370) | $10,911 |
OTC Swaptions | |||||||||||||||||
Description | Call/ Put | Counterparty | Expiration Date | Strike | Receive | Pay | Notional Amount (000)# | Value | |||||||||
CDX.NA.HY.33.V1, 12/20/24 | Call | Citibank, N.A. | 02/19/20 | $108.25 | 5.00%(Q) | CDX.NA.HY. 33.V1(Q) | 690 | $696 | |||||||||
(cost $1,725) | |||||||||||||||||
Total Options Purchased (cost $2,095) | $11,607 |
Options Written:
OTC Swaptions | |||||||||||||||||
Description | Call/ Put | Counterparty | Expiration Date | Strike | Receive | Pay | Notional Amount (000)# | Value | |||||||||
CDX.NA.HY.33.V1, 12/20/24 | Call | Citibank, N.A. | 02/19/20 | $109.25 | CDX.NA.HY. 33.V1(Q) | 5.00%(Q) | 690 | $(109) | |||||||||
CDX.NA.HY.33.V1, 12/20/24 | Put | Citibank, N.A. | 02/19/20 | $100.50 | 5.00%(Q) | CDX.NA.HY. 33.V1(Q) | 690 | (198) | |||||||||
Total Options Written (premiums received $1,753) | $(307) |
20
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Futures contracts outstanding at January 31, 2020: | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Long Positions: | ||||||||
102 | 5 Year U.S. Treasury Notes | Mar. 2020 | $12,272,672 | $137,757 | ||||
1 | 10 Year Canadian Government Bonds | Mar. 2020 | 107,428 | 1,344 | ||||
2 | 10 Year U.K. Gilt | Mar. 2020 | 356,376 | 5,808 | ||||
22 | 10 Year U.S. Treasury Notes | Mar. 2020 | 2,896,437 | 44,161 | ||||
4 | 10 Year U.S. Ultra Treasury Notes | Mar. 2020 | 582,625 | 17,560 | ||||
3 | 20 Year U.S. Treasury Bonds | Mar. 2020 | 490,594 | 11,996 | ||||
14 | 30 Year U.S. Ultra Treasury Bonds | Mar. 2020 | 2,711,625 | 100,262 | ||||
318,888 | ||||||||
Short Positions: | ||||||||
78 | 2 Year U.S. Treasury Notes | Mar. 2020 | 16,876,031 | (58,174) | ||||
25 | 5 Year Euro-Bobl | Mar. 2020 | 3,741,935 | (15,304) | ||||
15 | 10 Year Euro-Bund | Mar. 2020 | 2,911,922 | (37,743) | ||||
29 | Euro Schatz Index | Mar. 2020 | 3,604,928 | (4,527) | ||||
(115,748) | ||||||||
$203,140 |
Forward foreign currency exchange contracts outstanding at January 31, 2020:
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
Australian Dollar, | |||||||||||||
Expiring 04/17/20 | Barclays Bank PLC | AUD | 58 | $39,947 | $38,707 | $— | $(1,240) | ||||||
Brazilian Real, | |||||||||||||
Expiring 02/04/20 | Citibank, N.A. | BRL | 165 | 39,817 | 38,628 | — | (1,189) | ||||||
Expiring 02/04/20 | Citibank, N.A. | BRL | 115 | 27,750 | 26,945 | — | (805) | ||||||
Expiring 02/04/20 | Goldman Sachs International | BRL | 133 | 31,700 | 30,979 | — | (721) | ||||||
Expiring 02/04/20 | Goldman Sachs International | BRL | 103 | 24,500 | 23,947 | — | (553) | ||||||
Expiring 02/04/20 | HSBC Bank USA, N.A | BRL | 176 | 42,000 | 41,189 | — | (811) | ||||||
Expiring 02/04/20 | HSBC Bank USA, N.A | BRL | 165 | 39,779 | 38,478 | — | (1,301) | ||||||
Expiring 02/04/20 | JPMorgan Chase Bank, N.A. | BRL | 167 | 39,885 | 38,895 | — | (990) | ||||||
Expiring 02/04/20 | The Toronto-Dominion Bank | BRL | 808 | 193,252 | 188,665 | — | (4,587) | ||||||
British Pound, | |||||||||||||
Expiring 04/15/20 | Bank of America, N.A. | GBP | 55 | 73,000 | 73,134 | 134 | — | ||||||
Chilean Peso, | |||||||||||||
Expiring 03/18/20 | Barclays Bank PLC | CLP | 41,236 | 52,000 | 51,493 | — | (507) |
21
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2020 (continued):
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Chilean Peso (cont’d.), | |||||||||||||
Expiring 03/18/20 | Barclays Bank PLC | CLP | 31,304 | $40,000 | $39,091 | $— | $(909) | ||||||
Expiring 03/18/20 | BNP Paribas S.A. | CLP | 32,497 | 41,000 | 40,580 | — | (420) | ||||||
Expiring 03/18/20 | BNP Paribas S.A. | CLP | 17,055 | 22,110 | 21,297 | — | (813) | ||||||
Expiring 03/18/20 | Citibank, N.A. | CLP | 50,514 | 63,000 | 63,080 | 80 | — | ||||||
Chinese Renminbi, | |||||||||||||
Expiring 02/14/20 | Citibank, N.A. | CNH | 427 | 60,900 | 61,020 | 120 | — | ||||||
Expiring 02/14/20 | Citibank, N.A. | CNH | 35 | 5,085 | 5,009 | — | (76) | ||||||
Expiring 02/14/20 | HSBC Bank USA, N.A | CNH | 1,231 | 175,450 | 175,767 | 317 | — | ||||||
Expiring 02/14/20 | HSBC Bank USA, N.A | CNH | 775 | 110,000 | 110,654 | 654 | — | ||||||
Expiring 02/14/20 | HSBC Bank USA, N.A | CNH | 278 | 39,637 | 39,689 | 52 | — | ||||||
Expiring 02/14/20 | HSBC Bank USA, N.A | CNH | 168 | 23,661 | 23,942 | 281 | — | ||||||
Expiring 02/14/20 | JPMorgan Chase Bank, N.A. | CNH | 273 | 38,849 | 39,021 | 172 | — | ||||||
Expiring 02/14/20 | UBS AG | CNH | 556 | 79,402 | 79,380 | — | (22) | ||||||
Expiring 02/14/20 | UBS AG | CNH | 416 | 59,150 | 59,332 | 182 | — | ||||||
Expiring 05/14/21 | Citibank, N.A. | CNH | 854 | 122,358 | 120,392 | — | (1,966) | ||||||
Colombian Peso, | |||||||||||||
Expiring 03/18/20 | BNP Paribas S.A. | COP | 85,517 | 26,208 | 24,932 | — | (1,276) | ||||||
Expiring 03/18/20 | Citibank, N.A. | COP | 151,963 | 46,000 | 44,305 | — | (1,695) | ||||||
Expiring 03/18/20 | Goldman Sachs International | COP | 119,401 | 35,500 | 34,811 | — | (689) | ||||||
Expiring 03/18/20 | HSBC Bank USA, N.A | COP | 168,912 | 48,000 | 49,246 | 1,246 | — | ||||||
Expiring 03/18/20 | HSBC Bank USA, N.A | COP | 110,579 | 33,792 | 32,239 | — | (1,553) | ||||||
Expiring 03/18/20 | UBS AG | COP | 108,462 | 32,360 | 31,622 | — | (738) | ||||||
Czech Koruna, | |||||||||||||
Expiring 04/15/20 | Bank of America, N.A. | CZK | 1,471 | 65,000 | 64,682 | — | (318) | ||||||
Expiring 04/15/20 | Barclays Bank PLC | CZK | 2,759 | 121,474 | 121,304 | — | (170) | ||||||
Egyptian Pound, | |||||||||||||
Expiring 03/18/20 | Citibank, N.A. | EGP | 653 | 39,415 | 40,736 | 1,321 | — | ||||||
Expiring 03/18/20 | Citibank, N.A. | EGP | 76 | 4,743 | 4,738 | — | (5) | ||||||
Expiring 04/16/20 | Citibank, N.A. | EGP | 1,092 | 67,854 | 67,553 | — | (301) | ||||||
Expiring 04/16/20 | Citibank, N.A. | EGP | 79 | 4,873 | 4,858 | — | (15) | ||||||
Expiring 06/17/20 | Citibank, N.A. | EGP | 113 | 6,912 | 6,879 | — | (33) | ||||||
Euro, | |||||||||||||
Expiring 02/04/20 | Bank of America, N.A. | EUR | 2,081 | 2,290,189 | 2,308,377 | 18,188 | — | ||||||
Expiring 02/04/20 | Morgan Stanley & Co. International PLC | EUR | 2,081 | 2,290,443 | 2,308,377 | 17,934 | — | ||||||
Expiring 04/15/20 | Citibank, N.A. | EUR | 36 | 40,028 | 39,761 | — | (267) | ||||||
Indian Rupee, | |||||||||||||
Expiring 03/18/20 | HSBC Bank USA, N.A | INR | 1,852 | 25,824 | 25,714 | — | (110) | ||||||
Expiring 03/18/20 | JPMorgan Chase Bank, N.A. | INR | 4,668 | 64,121 | 64,812 | 691 | — |
22
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2020 (continued):
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Indian Rupee (cont’d.), | |||||||||||||
Expiring 03/18/20 | JPMorgan Chase Bank, N.A. | INR | 2,856 | $39,704 | $39,659 | $— | $(45) | ||||||
Expiring 03/18/20 | Morgan Stanley & Co. International PLC | INR | 8,786 | 123,050 | 121,995 | — | (1,055) | ||||||
Expiring 03/18/20 | Morgan Stanley & Co. International PLC | INR | 7,478 | 105,000 | 103,835 | — | (1,165) | ||||||
Expiring 03/18/20 | Morgan Stanley & Co. International PLC | INR | 4,645 | 65,058 | 64,499 | — | (559) | ||||||
Expiring 03/18/20 | Morgan Stanley & Co. International PLC | INR | 2,863 | 39,721 | 39,754 | 33 | — | ||||||
Expiring 03/18/20 | Morgan Stanley & Co. International PLC | INR | 2,843 | 39,701 | 39,477 | — | (224) | ||||||
Indonesian Rupiah, | |||||||||||||
Expiring 03/18/20 | Barclays Bank PLC | IDR | 785,974 | 55,900 | 56,632 | 732 | — | ||||||
Expiring 03/18/20 | Barclays Bank PLC | IDR | 547,755 | 39,925 | 39,468 | — | (457) | ||||||
Expiring 03/18/20 | HSBC Bank USA, N.A | IDR | 1,127,746 | 82,000 | 81,258 | — | (742) | ||||||
Expiring 03/18/20 | JPMorgan Chase Bank, N.A. | IDR | 1,292,124 | 94,000 | 93,102 | — | (898) | ||||||
Israeli Shekel, | |||||||||||||
Expiring 03/18/20 | BNP Paribas S.A. | ILS | 477 | 138,534 | 138,616 | 82 | — | ||||||
Japanese Yen, | |||||||||||||
Expiring 04/15/20 | Barclays Bank PLC | JPY | 4,352 | 39,817 | 40,330 | 513 | — | ||||||
Mexican Peso, | |||||||||||||
Expiring 03/18/20 | Barclays Bank PLC | MXN | 768 | 39,406 | 40,354 | 948 | — | ||||||
Expiring 03/18/20 | JPMorgan Chase Bank, N.A. | MXN | 1,943 | 101,895 | 102,110 | 215 | — | ||||||
Expiring 03/18/20 | The Toronto-Dominion Bank | MXN | 4,786 | 241,451 | 251,524 | 10,073 | — | ||||||
Expiring 03/18/20 | UBS AG | MXN | 1,348 | 71,000 | 70,858 | — | (142) | ||||||
New Taiwanese Dollar, | |||||||||||||
Expiring 03/18/20 | Credit Suisse International | TWD | 3,935 | 130,000 | 129,845 | — | (155) | ||||||
Expiring 03/18/20 | HSBC Bank USA, N.A | TWD | 5,478 | 181,000 | 180,767 | — | (233) | ||||||
Expiring 03/18/20 | UBS AG | TWD | 333 | 10,994 | 10,979 | — | (15) | ||||||
Norwegian Krone, | |||||||||||||
Expiring 04/15/20 | The Toronto-Dominion Bank | NOK | 1,940 | 218,227 | 211,008 | — | (7,219) | ||||||
Peruvian Nuevo Sol, | |||||||||||||
Expiring 03/18/20 | Goldman Sachs International | PEN | 387 | 115,000 | 114,128 | — | (872) | ||||||
Philippine Peso, | |||||||||||||
Expiring 03/18/20 | Barclays Bank PLC | PHP | 1,691 | 33,166 | 33,066 | — | (100) |
23
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2020 (continued):
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Philippine Peso (cont’d.), | |||||||||||||
Expiring 03/18/20 | JPMorgan Chase Bank, N.A. | PHP | 6,844 | $135,000 | $133,832 | $— | $(1,168) | ||||||
Expiring 03/18/20 | JPMorgan Chase Bank, N.A. | PHP | 5,750 | 113,000 | 112,446 | — | (554) | ||||||
Polish Zloty, | |||||||||||||
Expiring 04/15/20 | Barclays Bank PLC | PLN | 290 | 75,985 | 74,801 | — | (1,184) | ||||||
Russian Ruble, | |||||||||||||
Expiring 03/18/20 | Citibank, N.A. | RUB | 2,786 | 45,000 | 43,358 | — | (1,642) | ||||||
Expiring 03/18/20 | Goldman Sachs International | RUB | 9,047 | 139,381 | 140,784 | 1,403 | — | ||||||
Expiring 03/18/20 | Goldman Sachs International | RUB | 8,351 | 128,677 | 129,955 | 1,278 | — | ||||||
Expiring 03/18/20 | HSBC Bank USA, N.A | RUB | 2,013 | 31,300 | 31,317 | 17 | — | ||||||
Expiring 03/18/20 | JPMorgan Chase Bank, N.A. | RUB | 2,710 | 41,700 | 42,172 | 472 | — | ||||||
Expiring 03/18/20 | JPMorgan Chase Bank, N.A. | RUB | 2,501 | 39,637 | 38,911 | — | (726) | ||||||
Expiring 03/18/20 | Morgan Stanley & Co. International PLC | RUB | 9,286 | 143,327 | 144,506 | 1,179 | — | ||||||
Singapore Dollar, | |||||||||||||
Expiring 03/18/20 | Barclays Bank PLC | SGD | 107 | 79,273 | 78,648 | — | (625) | ||||||
Expiring 03/18/20 | Barclays Bank PLC | SGD | 54 | 39,719 | 39,237 | — | (482) | ||||||
Expiring 03/18/20 | BNP Paribas S.A. | SGD | 150 | 111,000 | 109,691 | — | (1,309) | ||||||
Expiring 03/18/20 | HSBC Bank USA, N.A | SGD | 683 | 501,414 | 500,852 | — | (562) | ||||||
Expiring 03/18/20 | HSBC Bank USA, N.A | SGD | 78 | 57,881 | 57,478 | — | (403) | ||||||
Expiring 03/18/20 | HSBC Bank USA, N.A | SGD | 29 | 21,300 | 21,152 | — | (148) | ||||||
Expiring 03/18/20 | JPMorgan Chase Bank, N.A. | SGD | 147 | 109,000 | 107,541 | — | (1,459) | ||||||
South African Rand, | |||||||||||||
Expiring 03/18/20 | Morgan Stanley & Co. International PLC | ZAR | 583 | 39,988 | 38,612 | — | (1,376) | ||||||
South Korean Won, | |||||||||||||
Expiring 03/18/20 | Bank of America, N.A. | KRW | 45,984 | 39,621 | 38,471 | — | (1,150) | ||||||
Expiring 03/18/20 | Barclays Bank PLC | KRW | 92,503 | 79,402 | 77,390 | — | (2,012) | ||||||
Expiring 03/18/20 | Citibank, N.A. | KRW | 83,732 | 72,000 | 70,052 | — | (1,948) | ||||||
Expiring 03/18/20 | HSBC Bank USA, N.A | KRW | 153,490 | 130,730 | 128,413 | — | (2,317) | ||||||
Expiring 03/18/20 | HSBC Bank USA, N.A | KRW | 93,142 | 79,243 | 77,925 | — | (1,318) | ||||||
Expiring 03/18/20 | HSBC Bank USA, N.A | KRW | 46,319 | 39,745 | 38,751 | — | (994) | ||||||
Expiring 03/18/20 | JPMorgan Chase Bank, N.A. | KRW | 46,096 | 39,721 | 38,565 | — | (1,156) |
24
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2020 (continued):
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Thai Baht, | |||||||||||||
Expiring 03/18/20 | Credit Suisse International | THB | 3,753 | $123,000 | $120,514 | $— | $(2,486) | ||||||
Expiring 03/18/20 | Goldman Sachs International | THB | 2,905 | 94,000 | 93,293 | — | (707) | ||||||
Expiring 03/18/20 | HSBC Bank USA, N.A | THB | 5,687 | 188,399 | 182,631 | — | (5,768) | ||||||
Expiring 03/18/20 | HSBC Bank USA, N.A | THB | 2,466 | 80,610 | 79,182 | — | (1,428) | ||||||
Expiring 03/18/20 | JPMorgan Chase Bank, N.A. | THB | 907 | 29,375 | 29,122 | — | (253) | ||||||
Turkish Lira, | |||||||||||||
Expiring 03/18/20 | Barclays Bank PLC | TRY | 232 | 38,400 | 38,367 | — | (33) | ||||||
Expiring 03/18/20 | Barclays Bank PLC | TRY | 153 | 25,401 | 25,289 | — | (112) | ||||||
Expiring 03/18/20 | Barclays Bank PLC | TRY | 86 | 14,344 | 14,268 | — | (76) | ||||||
$11,658,090 | $11,645,050 | 58,317 | (71,357) |
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
Australian Dollar, | |||||||||||||
Expiring 04/17/20 | Barclays Bank PLC | AUD | 431 | $296,320 | $288,777 | $7,543 | $— | ||||||
Expiring 04/17/20 | Barclays Bank PLC | AUD | 61 | 42,176 | 41,203 | 973 | — | ||||||
Expiring 04/17/20 | Barclays Bank PLC | AUD | 58 | 39,958 | 38,807 | 1,151 | — | ||||||
Expiring 04/17/20 | Citibank, N.A. | AUD | 58 | 40,379 | 39,120 | 1,259 | — | ||||||
Brazilian Real, | |||||||||||||
Expiring 02/04/20 | Barclays Bank PLC | BRL | 168 | 39,263 | 39,188 | 75 | — | ||||||
Expiring 02/04/20 | Citibank, N.A. | BRL | 188 | 44,000 | 43,957 | 43 | — | ||||||
Expiring 02/04/20 | Morgan Stanley & Co. International PLC | BRL | 1,476 | 350,073 | 344,582 | 5,491 | — | ||||||
Expiring 03/03/20 | The Toronto-Dominion Bank | BRL | 808 | 193,030 | 188,387 | 4,643 | — | ||||||
British Pound, | |||||||||||||
Expiring 04/15/20 | Barclays Bank PLC | GBP | 41 | 54,520 | 54,625 | — | (105) | ||||||
Expiring 04/15/20 | Morgan Stanley & Co. International PLC | GBP | 592 | 771,696 | 783,686 | — | (11,990) | ||||||
Canadian Dollar, | |||||||||||||
Expiring 04/17/20 | Barclays Bank PLC | CAD | 326 | 249,737 | 246,058 | 3,679 | — | ||||||
Expiring 04/17/20 | HSBC Bank USA, N.A | CAD | 39 | 29,800 | 29,781 | 19 | — | ||||||
Expiring 04/17/20 | The Toronto-Dominion Bank | CAD | 32 | 23,885 | 23,870 | 15 | — |
25
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2020 (continued):
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Chilean Peso, | |||||||||||||
Expiring 03/18/20 | Barclays Bank PLC | CLP | 44,644 | $56,227 | $55,749 | $478 | $— | ||||||
Expiring 03/18/20 | BNP Paribas S.A. | CLP | 29,510 | 39,704 | 36,850 | 2,854 | — | ||||||
Expiring 03/18/20 | BNP Paribas S.A. | CLP | 15,853 | 20,554 | 19,797 | 757 | — | ||||||
Expiring 03/18/20 | BNP Paribas S.A. | CLP | 12,531 | 16,122 | 15,648 | 474 | — | ||||||
Expiring 03/18/20 | Citibank, N.A. | CLP | 23,269 | 30,183 | 29,057 | 1,126 | — | ||||||
Expiring 03/18/20 | Citibank, N.A. | CLP | 21,365 | 27,750 | 26,680 | 1,070 | — | ||||||
Expiring 03/18/20 | Citibank, N.A. | CLP | 19,966 | 25,713 | 24,933 | 780 | — | ||||||
Expiring 03/18/20 | Citibank, N.A. | CLP | 14,991 | 19,434 | 18,720 | 714 | — | ||||||
Expiring 03/18/20 | HSBC Bank USA, N.A | CLP | 24,086 | 31,300 | 30,078 | 1,222 | — | ||||||
Expiring 03/18/20 | JPMorgan Chase Bank, N.A. | CLP | 116,566 | 146,998 | 145,561 | 1,437 | — | ||||||
Expiring 03/18/20 | JPMorgan Chase Bank, N.A. | CLP | 29,766 | 39,637 | 37,170 | 2,467 | — | ||||||
Expiring 03/18/20 | The Toronto-Dominion Bank | CLP | 98,500 | 123,993 | 123,002 | 991 | — | ||||||
Chinese Renminbi, | |||||||||||||
Expiring 02/14/20 | BNP Paribas S.A. | CNH | 2,111 | 297,523 | 301,400 | — | (3,877) | ||||||
Expiring 02/14/20 | BNP Paribas S.A. | CNH | 796 | 114,000 | 113,631 | 369 | — | ||||||
Expiring 02/14/20 | Goldman Sachs International | CNH | 1,059 | 150,000 | 151,168 | — | (1,168) | ||||||
Expiring 02/14/20 | HSBC Bank USA, N.A | CNH | 1,043 | 149,000 | 148,942 | 58 | — | ||||||
Expiring 05/14/21 | JPMorgan Chase Bank, N.A. | CNH | 854 | 122,556 | 120,392 | 2,164 | — | ||||||
Colombian Peso, | |||||||||||||
Expiring 03/18/20 | JPMorgan Chase Bank, N.A. | COP | 844,652 | 243,809 | 246,257 | — | (2,448) | ||||||
Euro, | |||||||||||||
Expiring 02/04/20 | Morgan Stanley & Co. International PLC | EUR | 4,162 | 4,668,278 | 4,616,754 | 51,524 | — | ||||||
Expiring 03/03/20 | Bank of America, N.A. | EUR | 2,081 | 2,294,130 | 2,312,372 | — | (18,242) | ||||||
Expiring 03/03/20 | Morgan Stanley & Co. International PLC | EUR | 2,081 | 2,294,411 | 2,312,372 | — | (17,961) | ||||||
Expiring 04/15/20 | Deutsche Bank AG | EUR | 753 | 844,156 | 839,000 | 5,156 | — | ||||||
Expiring 04/15/20 | JPMorgan Chase Bank, N.A. | EUR | 1,125 | 1,258,923 | 1,253,566 | 5,357 | — | ||||||
Expiring 04/15/20 | JPMorgan Chase Bank, N.A. | EUR | 73 | 80,610 | 81,007 | — | (397) | ||||||
Expiring 04/15/20 | JPMorgan Chase Bank, N.A. | EUR | 36 | 39,885 | 39,858 | 27 | — | ||||||
Expiring 04/15/20 | Morgan Stanley & Co. International PLC | EUR | 144 | 160,505 | 160,677 | — | (172) | ||||||
Expiring 12/02/20 | Citibank, N.A. | EUR | 986 | 1,117,976 | 1,112,880 | 5,096 | — |
26
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2020 (continued):
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Euro (cont’d.), | |||||||||||||
Expiring 12/02/20 | JPMorgan Chase Bank, N.A. | EUR | 4,162 | $4,744,111 | $4,697,235 | $46,876 | $— | ||||||
Hungarian Forint, | |||||||||||||
Expiring 04/15/20 | JPMorgan Chase Bank, N.A. | HUF | 31,474 | 105,737 | 103,771 | 1,966 | — | ||||||
Indian Rupee, | |||||||||||||
Expiring 03/18/20 | HSBC Bank USA, N.A | INR | 8,538 | 118,000 | 118,554 | — | (554) | ||||||
Expiring 03/18/20 | HSBC Bank USA, N.A | INR | 3,147 | 43,600 | 43,698 | — | (98) | ||||||
Expiring 03/18/20 | JPMorgan Chase Bank, N.A. | INR | 3,025 | 41,700 | 42,006 | — | (306) | ||||||
Indonesian Rupiah, | |||||||||||||
Expiring 03/18/20 | Goldman Sachs International | IDR | 5,087,572 | 356,597 | 366,577 | — | (9,980) | ||||||
Expiring 03/18/20 | JPMorgan Chase Bank, N.A. | IDR | 1,178,546 | 84,000 | 84,918 | — | (918) | ||||||
Israeli Shekel, | |||||||||||||
Expiring 03/18/20 | Bank of America, N.A. | ILS | 327 | 94,000 | 94,928 | — | (928) | ||||||
Expiring 03/18/20 | Bank of America, N.A. | ILS | 311 | 90,000 | 90,208 | — | (208) | ||||||
Expiring 03/18/20 | Barclays Bank PLC | ILS | 127 | 36,800 | 36,881 | — | (81) | ||||||
Expiring 03/18/20 | Citibank, N.A. | ILS | 109 | 31,700 | 31,750 | — | (50) | ||||||
Japanese Yen, | |||||||||||||
Expiring 04/15/20 | Barclays Bank PLC | JPY | 28,228 | 258,282 | 261,604 | — | (3,322) | ||||||
Expiring 04/15/20 | Barclays Bank PLC | JPY | 3,335 | 30,890 | 30,910 | — | (20) | ||||||
Expiring 04/15/20 | Citibank, N.A. | JPY | 4,358 | 40,325 | 40,389 | — | (64) | ||||||
Malaysian Ringgit, | |||||||||||||
Expiring 03/18/20 | Barclays Bank PLC | MYR | 466 | 111,497 | 113,328 | — | (1,831) | ||||||
Mexican Peso, | |||||||||||||
Expiring 03/18/20 | Citibank, N.A. | MXN | 1,271 | 64,000 | 66,803 | — | (2,803) | ||||||
Expiring 03/18/20 | Citibank, N.A. | MXN | 755 | 39,819 | 39,703 | 116 | — | ||||||
Expiring 03/18/20 | HSBC Bank USA, N.A | MXN | 755 | 39,779 | 39,688 | 91 | — | ||||||
New Taiwanese Dollar, | |||||||||||||
Expiring 03/18/20 | Barclays Bank PLC | TWD | 3,275 | 110,000 | 108,072 | 1,928 | — | ||||||
Expiring 03/18/20 | Barclays Bank PLC | TWD | 3,254 | 109,000 | 107,377 | 1,623 | — | ||||||
Expiring 03/18/20 | Goldman Sachs International | TWD | 3,764 | 126,000 | 124,186 | 1,814 | — | ||||||
Expiring 03/18/20 | HSBC Bank USA, N.A | TWD | 4,320 | 145,000 | 142,543 | 2,457 | — | ||||||
Expiring 03/18/20 | HSBC Bank USA, N.A | TWD | 4,039 | 136,000 | 133,257 | 2,743 | — | ||||||
New Zealand Dollar, | |||||||||||||
Expiring 04/17/20 | Bank of America, N.A. | NZD | 843 | 556,822 | 545,530 | 11,292 | — | ||||||
Expiring 04/17/20 | BNP Paribas S.A. | NZD | 110 | 72,002 | 71,345 | 657 | — | ||||||
Norwegian Krone, | |||||||||||||
Expiring 04/15/20 | Bank of America, N.A. | NOK | 577 | 64,000 | 62,774 | 1,226 | — |
27
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2020 (continued):
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Norwegian Krone (cont’d.), | |||||||||||||
Expiring 04/15/20 | BNP Paribas S.A. | NOK | 609 | $66,000 | $66,233 | $— | $(233) | ||||||
Peruvian Nuevo Sol, | |||||||||||||
Expiring 03/18/20 | Citibank, N.A. | PEN | 332 | 98,000 | 97,950 | 50 | — | ||||||
Expiring 03/18/20 | Citibank, N.A. | PEN | 70 | 21,100 | 20,717 | 383 | — | ||||||
Expiring 03/18/20 | Goldman Sachs International | PEN | 256 | 75,541 | 75,447 | 94 | — | ||||||
Philippine Peso, | |||||||||||||
Expiring 03/18/20 | HSBC Bank USA, N.A | PHP | 7,754 | 152,000 | 151,641 | 359 | — | ||||||
Expiring 03/18/20 | HSBC Bank USA, N.A | PHP | 5,775 | 113,000 | 112,943 | 57 | — | ||||||
Russian Ruble, | |||||||||||||
Expiring 03/18/20 | Barclays Bank PLC | RUB | 3,535 | 56,000 | 55,002 | 998 | — | ||||||
Expiring 03/18/20 | Citibank, N.A. | RUB | 2,873 | 46,000 | 44,713 | 1,287 | — | ||||||
Expiring 03/18/20 | Morgan Stanley & Co. International PLC | RUB | 2,524 | 40,845 | 39,274 | 1,571 | — | ||||||
Singapore Dollar, | |||||||||||||
Expiring 03/18/20 | BNP Paribas S.A. | SGD | 173 | 127,869 | 126,806 | 1,063 | — | ||||||
South African Rand, | |||||||||||||
Expiring 03/18/20 | Barclays Bank PLC | ZAR | 3,198 | 215,229 | 211,759 | 3,470 | — | ||||||
Expiring 03/18/20 | Citibank, N.A. | ZAR | 565 | 39,000 | 37,400 | 1,600 | — | ||||||
Expiring 03/18/20 | HSBC Bank USA, N.A | ZAR | 309 | 21,300 | 20,479 | 821 | — | ||||||
South Korean Won, | |||||||||||||
Expiring 03/18/20 | Barclays Bank PLC | KRW | 95,880 | 81,000 | 80,215 | 785 | — | ||||||
Expiring 03/18/20 | Barclays Bank PLC | KRW | 82,110 | 69,000 | 68,695 | 305 | — | ||||||
Expiring 03/18/20 | Goldman Sachs International | KRW | 123,545 | 103,700 | 103,361 | 339 | — | ||||||
Expiring 03/18/20 | Goldman Sachs International | KRW | 119,036 | 103,000 | 99,588 | 3,412 | — | ||||||
Expiring 03/18/20 | Morgan Stanley & Co. International PLC | KRW | 121,445 | 102,000 | 101,604 | 396 | — | ||||||
Expiring 03/18/20 | Morgan Stanley & Co. International PLC | KRW | 81,021 | 70,075 | 67,784 | 2,291 | — | ||||||
Swedish Krona, | |||||||||||||
Expiring 04/15/20 | Barclays Bank PLC | SEK | 482 | 51,083 | 50,211 | 872 | — | ||||||
Swiss Franc, | |||||||||||||
Expiring 04/15/20 | BNP Paribas S.A. | CHF | 390 | 403,935 | 406,940 | — | (3,005) | ||||||
Thai Baht, | |||||||||||||
Expiring 03/18/20 | Barclays Bank PLC | THB | 3,898 | 129,000 | 125,175 | 3,825 | — | ||||||
Expiring 03/18/20 | Barclays Bank PLC | THB | 3,225 | 107,000 | 103,569 | 3,431 | — | ||||||
Expiring 03/18/20 | Credit Suisse International | THB | 3,005 | 99,000 | 96,492 | 2,508 | — | ||||||
Expiring 03/18/20 | HSBC Bank USA, N.A | THB | 4,972 | 165,000 | 159,663 | 5,337 | — |
28
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2020 (continued):
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Turkish Lira, | |||||||||||||
Expiring 03/18/20 | Barclays Bank PLC | TRY | 342 | $57,000 | $56,615 | $385 | $— | ||||||
Expiring 03/18/20 | Barclays Bank PLC | TRY | 259 | 42,900 | 42,880 | 20 | — | ||||||
Expiring 03/18/20 | Barclays Bank PLC | TRY | 234 | 39,406 | 38,767 | 639 | — | ||||||
Expiring 03/18/20 | HSBC Bank USA, N.A | TRY | 257 | 43,000 | 42,484 | 516 | — | ||||||
Expiring 03/18/20 | JPMorgan Chase Bank, N.A. | TRY | 114 | 19,428 | 18,863 | 565 | — | ||||||
$26,995,286 | $26,856,867 | 219,180 | (80,761) | ||||||||||
$277,497 | $(152,118) |
Cross currency exchange contracts outstanding at January 31, 2020: | ||||||||||||||
Settlement | Type | Notional Amount (000) | In Exchange For (000) | Unrealized Appreciation | Unrealized Depreciation | Counterparty | ||||||||
OTC Cross Currency Exchange Contracts: | ||||||||||||||
04/15/20 | Buy | HUF | 4,370 | EUR | 13 | $— | $(17) | Barclays Bank PLC | ||||||
04/15/20 | Sell | HUF | 5,309 | EUR | 16 | — | (94) | Barclays Bank PLC | ||||||
04/15/20 | Sell | NOK | 818 | EUR | 81 | — | (1,139) | Barclays Bank PLC | ||||||
$— | $(1,250) |
Credit default swap agreements outstanding at January 31, 2020:
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at January 31, 2020(4) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)**: | |||||||||||||||||
Government of Malaysia | 12/20/22 | 1.000%(Q) | 120 | 0.215% | $2,830 | $(119) | $2,949 | Citibank, N.A. | |||||||||
People’s Republic of China | 12/20/22 | 1.000%(Q) | 400 | 0.196% | 9,654 | (397) | 10,051 | Citibank, N.A. | |||||||||
Republic of Argentina | 12/20/22 | 1.000%(Q) | 120 | 151.012% | (73,727) | (119) | (73,608) | Citibank, N.A. | |||||||||
Republic of Brazil | 12/20/22 | 1.000%(Q) | 600 | 0.616% | 7,253 | (596) | 7,849 | Citibank, N.A. | |||||||||
Republic of Chile | 12/20/22 | 1.000%(Q) | 120 | 0.294% | 2,556 | (119) | 2,675 | Citibank, N.A. | |||||||||
Republic of Colombia | 12/20/22 | 1.000%(Q) | 160 | 0.451% | 2,689 | (159) | 2,848 | Citibank, N.A. |
29
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Credit default swap agreements outstanding at January 31, 2020 (continued):
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at January 31, 2020(4) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)**(cont’d.): | |||||||||||||||||
Republic of Indonesia | 12/20/22 | 1.000%(Q) | 160 | 0.353% | $3,136 | $(159) | $3,295 | Citibank, N.A. | |||||||||
Republic of Panama | 12/20/22 | 1.000%(Q) | 120 | 0.223% | 2,805 | (119) | 2,924 | Citibank, N.A. | |||||||||
Republic of Peru | 12/20/22 | 1.000%(Q) | 120 | 0.231% | 2,774 | (119) | 2,893 | Citibank, N.A. | |||||||||
Republic of Philippines | 12/20/22 | 1.000%(Q) | 120 | 0.229% | 2,782 | (119) | 2,901 | Citibank, N.A. | |||||||||
Republic of South Africa | 12/20/22 | 1.000%(Q) | 360 | 1.292% | (2,519) | (358) | (2,161) | Citibank, N.A. | |||||||||
Republic of Turkey | 12/20/22 | 1.000%(Q) | 600 | 1.816% | (12,940) | (596) | (12,344) | Citibank, N.A. | |||||||||
Russian Federation | 12/20/22 | 1.000%(Q) | 360 | 0.354% | 7,054 | (358) | 7,412 | Citibank, N.A. | |||||||||
United Mexican States | 12/20/22 | 1.000%(Q) | 520 | 0.472% | 8,429 | (517) | 8,946 | Citibank, N.A. | |||||||||
$(37,224) | $(3,854) | $(33,370) |
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
OTC Packaged Credit Default Swap Agreement on credit indices— Buy Protection(1)**: | ||||||||||||||||
CDX.EM.28.V2 | 12/20/22 | 1.000%(Q) | 3,880 | $37,395 | $(1,060) | $38,455 | Citibank, N.A. |
** | The Fund entered into multiple credit default swap agreements in a packaged trade consisting of two parts. The Fund bought/sold protection on an Emerging Market CDX Index and brought/sold protection on a countries which comprise the index. The up-front premium is attached to the index of the trade. Each swap is not priced individually. If any of the componens swaps are closed out erly, the index exposure will be reduced by an amount proportionate to the terminated swaps(s). |
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at January 31, 2020(4) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
OTC Credit Default Swap Agreements on asset-backed securities - Sell Protection(2)^: | |||||||||||||||||
Alcentra CLO | 02/27/20 | 0.500%(M) | EUR | 23 | * | $11 | $— | $11 | Goldman Sachs International |
30
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Credit default swap agreements outstanding at January 31, 2020 (continued):
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at January 31, 2020(4) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
OTC Credit Default Swap Agreements on asset-backed securities - Sell Protection(2)^ (cont’d.): | |||||||||||||||||
American Money Management Corp. | 02/27/20 | 1.000%(M) | 3 | * | $3 | $— | $3 | Goldman Sachs International | |||||||||
AXA CLO | 02/27/20 | 1.000%(M) | 5 | 1.000% | 5 | — | 5 | Goldman Sachs International | |||||||||
Bardin Hill Loan Advisors European Funding | 02/27/20 | 1.000%(M) | EUR | 4 | * | 4 | — | 4 | Goldman Sachs International | ||||||||
Barings CLO | 02/27/20 | 1.000%(M) | 1 | * | 1 | — | 1 | Goldman Sachs International | |||||||||
Bear Stearns Asset Backed Securities Trust | 02/28/20 | 1.250%(M) | 4 | * | 4 | — | 4 | Goldman Sachs International | |||||||||
BlueMountain CLO | 02/27/20 | 0.500%(M) | EUR | 11 | * | 5 | — | 5 | Goldman Sachs International | ||||||||
Carlyle CLO | 02/27/20 | 1.000%(M) | 3 | * | 2 | — | 2 | Goldman Sachs International | |||||||||
Chase Mortgage | 02/28/20 | 1.250%(M) | 9 | * | 9 | — | 9 | Goldman Sachs International | |||||||||
CIFC CLO | 02/27/20 | 1.000%(M) | 2 | * | 1 | — | 1 | Goldman Sachs International | |||||||||
COMM Mortgage Trust | 02/27/20 | 1.250%(M) | 14 | * | 1 | — | 1 | Goldman Sachs International | |||||||||
COMM Mortgage Trust | 02/27/20 | 1.250%(M) | 10 | * | 1 | — | 1 | Goldman Sachs International | |||||||||
COMM Mortgage Trust | 02/27/20 | 1.250%(M) | 10 | * | 1 | — | 1 | Goldman Sachs International | |||||||||
COMM Mortgage Trust | 02/27/20 | 1.250%(M) | 7 | * | — | — | — | Goldman Sachs International |
31
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Credit default swap agreements outstanding at January 31, 2020 (continued):
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at January 31, 2020(4) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
OTC Credit Default Swap Agreements on asset-backed securities - Sell Protection(2)^ (cont’d.): | |||||||||||||||||
COMM Mortgage Trust | 02/27/20 | 1.250%(M) | 7 | * | $— | $— | $— | Goldman Sachs International | |||||||||
COMM Mortgage Trust | 02/27/20 | 1.250%(M) | 5 | * | — | — | — | Goldman Sachs International | |||||||||
Countrywide Home Equity | 02/28/20 | 1.250%(M) | 4 | * | — | — | — | Goldman Sachs International | |||||||||
Crescent CLO | 02/27/20 | 1.000%(M) | 5 | * | 5 | — | 5 | Goldman Sachs International | |||||||||
CVC CLO | 02/27/20 | 0.500%(M) | EUR | 15 | * | 8 | — | 8 | Goldman Sachs International | ||||||||
DFG CLO | 02/27/20 | 1.000%(M) | 1 | * | 1 | — | 1 | Goldman Sachs International | |||||||||
Fannie Mae Conneticut Avenue Securities | 02/28/20 | 1.250%(M) | 48 | * | 48 | — | �� | 48 | Goldman Sachs International | ||||||||
Fannie Mae Conneticut Avenue Securities | 02/28/20 | 1.250%(M) | 48 | * | 48 | — | 48 | Goldman Sachs International | |||||||||
Fannie Mae Conneticut Avenue Securities | 02/28/20 | 1.250%(M) | 32 | * | 32 | — | 32 | Goldman Sachs International | |||||||||
Fannie Mae Conneticut Avenue Securities | 02/28/20 | 1.250%(M) | 32 | * | 32 | — | 32 | Goldman Sachs International | |||||||||
Fannie Mae Conneticut Avenue Securities | 02/28/20 | 1.250%(M) | 23 | * | 23 | — | 23 | Goldman Sachs International | |||||||||
Fannie Mae Conneticut Avenue Securities | 02/28/20 | 1.250%(M) | 17 | * | 17 | — | 17 | Goldman Sachs International | |||||||||
Fannie Mae Conneticut Avenue Securities | 02/28/20 | 1.250%(M) | 2 | * | 2 | — | 2 | Goldman Sachs International |
32
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Credit default swap agreements outstanding at January 31, 2020 (continued):
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at January 31, 2020(4) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
OTC Credit Default Swap Agreements on asset-backed securities - Sell Protection(2)^ (cont’d.): | |||||||||||||||||
GMAC Home Equity | 02/28/20 | 1.250%(M) | 20 | * | $20 | $— | $20 | Goldman Sachs International | |||||||||
GMAC Home Equity | 02/28/20 | 1.250%(M) | 7 | * | 7 | — | 7 | Goldman Sachs International | |||||||||
GS Mortgage Securities Trust | 02/27/20 | 1.250%(M) | 6 | * | — | — | — | Goldman Sachs International | |||||||||
GSAMP Home Equity | 02/28/20 | 1.250%(M) | 8 | * | 8 | — | 8 | Goldman Sachs International | |||||||||
GSRPM Mortgage Loan Trust | 02/28/20 | 1.250%(M) | 4 | * | 4 | — | 4 | Goldman Sachs International | |||||||||
ICG CLO | 02/27/20 | 1.000%(M) | 2 | * | 1 | — | 1 | Goldman Sachs International | |||||||||
JPMBB Commercial Mortgage Securities Trust | 02/27/20 | 1.250%(M) | 14 | * | 1 | — | 1 | Goldman Sachs International | |||||||||
JPMBB Commercial Mortgage Securities Trust | 02/27/20 | 1.250%(M) | 10 | * | 1 | — | 1 | Goldman Sachs International | |||||||||
JPMorgan Chase Commercial Mortgage Securities | 02/27/20 | 1.250%(M) | 6 | * | — | — | — | Goldman Sachs International | |||||||||
LCM CLO | 02/27/20 | 1.000%(M) | 1 | * | 1 | — | 1 | Goldman Sachs International | |||||||||
LSTAR Securities Investment Trust | 02/28/20 | 1.250%(M) | 7 | * | 7 | — | 7 | Goldman Sachs International | |||||||||
Morgan Stanley BAML Trust | 02/27/20 | 1.250%(M) | 7 | * | — | — | — | Goldman Sachs International | |||||||||
Morgan Stanley Capital I Trust | 02/27/20 | 1.250%(M) | 11 | * | 1 | — | 1 | Goldman Sachs International |
33
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Credit default swap agreements outstanding at January 31, 2020 (continued):
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at January 31, 2020(4) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
OTC Credit Default Swap Agreements on asset-backed securities - Sell Protection(2)^ (cont’d.): | |||||||||||||||||
Octogan CLO | 02/27/20 | 1.000%(M) | —(r) | * | $— | $— | $— | Goldman Sachs International | |||||||||
Permira Advisers LLC | 02/27/20 | 0.500%(M) | EUR | 12 | 49.970% | 6 | — | 6 | Goldman Sachs International | ||||||||
Structured Agency Credit Risk | 02/28/20 | 1.250%(M) | 35 | * | 35 | — | 35 | Goldman Sachs International | |||||||||
Structured Agency Credit Risk | 02/28/20 | 1.250%(M) | 16 | * | 16 | — | 16 | Goldman Sachs International | |||||||||
Trimaran CLO | 02/27/20 | 1.000%(M) | 6 | * | 5 | — | 5 | Goldman Sachs International | |||||||||
Voya CLO | 02/27/20 | 1.000%(M) | 4 | * | 4 | — | 4 | Goldman Sachs International | |||||||||
WAMU Mortgage Pass Through Certificate | 02/28/20 | 1.250%(M) | 3 | * | 4 | — | 4 | Goldman Sachs International | |||||||||
Wells Fargo Commercial Mortgage Trust | 02/27/20 | 1.250%(M) | 20 | * | 1 | — | 1 | Goldman Sachs International | |||||||||
Wells Fargo Commercial Mortgage Trust | 02/27/20 | 1.250%(M) | 4 | * | — | — | — | Goldman Sachs International | |||||||||
Wells Fargo Home Equity | 02/28/20 | 1.250%(M) | 6 | * | 6 | — | 6 | Goldman Sachs International | |||||||||
$392 | $— | $392 |
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1): | ||||||||||||||||
Assicurazioni Generali SpA | 12/20/20 | 1.000%(Q) | EUR | 30 | $(276) | $(193) | $(83) | Citibank, N.A. |
34
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Credit default swap agreements outstanding at January 31, 2020 (continued):
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)(cont’d.): | ||||||||||||||||
Assicurazioni Generali SpA | 06/20/23 | 1.000%(Q) | EUR | 100 | $(1,221) | $4,535 | $(5,756) | Barclays Bank PLC | ||||||||
Kingdom of Spain | 06/20/23 | 1.000%(Q) | 100 | (2,834) | (1,722) | (1,112) | Bank of America, N.A. | |||||||||
Petroleos Mexicanos | 06/20/20 | 1.000%(Q) | 45 | (183) | 110 | (293) | Citibank, N.A. | |||||||||
Petroleos Mexicanos | 06/20/20 | 1.000%(Q) | 45 | (182) | 53 | (235) | Citibank, N.A. | |||||||||
Republic of Argentina | 06/20/24 | 5.000%(Q) | 105 | 62,461 | 60,003 | 2,458 | Citibank, N.A. | |||||||||
Republic of Italy | 06/20/23 | 1.000%(Q) | 205 | (3,494) | 2,002 | (5,496) | Citibank, N.A. | |||||||||
Republic of Italy | 06/20/23 | 1.000%(Q) | EUR | 90 | (1,441) | 882 | (2,323) | Barclays Bank PLC | ||||||||
Republic of Italy | 06/20/28 | 1.000%(Q) | EUR | 45 | 381 | 2,346 | (1,965) | Barclays Bank PLC | ||||||||
$53,211 | $68,016 | $(14,805) |
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at January 31, 2020(4) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2): | |||||||||||||||||
Barclays Bank PLC | 06/20/20 | 1.000%(Q) | EUR | 100 | 0.146% | $504 | $362 | $142 | Citibank, N.A. | ||||||||
Citigroup, Inc. | 03/20/20 | 1.000%(Q) | 290 | 0.102% | 699 | 333 | 366 | Credit Suisse International | |||||||||
General Electric Co. | 03/20/20 | 1.000%(Q) | 40 | 0.246% | 89 | 44 | 45 | Morgan Stanley & Co. International PLC | |||||||||
General Electric Co. | 06/20/20 | 1.000%(Q) | 120 | 0.288% | 476 | 315 | 161 | Goldman Sachs International | |||||||||
Kingdom of Spain | 06/20/23 | 1.000%(Q) | 375 | 0.283% | 9,390 | 2,649 | 6,741 | Bank of America, N.A. | |||||||||
Kingdom of Spain | 06/20/23 | 1.000%(Q) | 100 | 0.283% | 2,504 | 1,054 | 1,450 | Bank of America, N.A. | |||||||||
Republic of Argentina | 06/20/29 | 5.000%(Q) | 105 | 129.274% | (62,765) | (63,125) | 360 | Citibank, N.A. | |||||||||
Republic of France | 12/20/23 | 0.250%(Q) | 100 | 0.138% | 457 | (255) | 712 | Barclays Bank PLC | |||||||||
Republic of Indonesia | 06/20/23 | 1.000%(Q) | 475 | 0.442% | 9,356 | (2,068) | 11,424 | Citibank, N.A. | |||||||||
Republic of Italy | 12/20/20 | 1.000%(Q) | EUR | 30 | 0.263% | 260 | 184 | 76 | Citibank, N.A. | ||||||||
Republic of Italy | 06/20/23 | 1.000%(Q) | 205 | 0.814% | 1,499 | (7,266) | 8,765 | Citibank, N.A. | |||||||||
Republic of Kazakhstan | 06/20/23 | 1.000%(Q) | 85 | 0.347% | 1,951 | — | 1,951 | Citibank, N.A. |
35
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Credit default swap agreements outstanding at January 31, 2020 (continued):
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at January 31, 2020(4) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont’d.): | |||||||||||||||||
Republic of Poland | 03/20/20 | 1.000%(Q) | 110 | 0.096% | $266 | $125 | $141 | Citibank, N.A. | |||||||||
Republic of Portugal | 12/20/23 | 1.000%(Q) | 50 | 0.272% | 1,445 | (22) | 1,467 | Morgan Stanley & Co. International PLC | |||||||||
Republic of South Africa | 12/20/23 | 1.000%(Q) | 300 | 1.573% | (6,019) | (12,551) | 6,532 | Bank of America, N.A. | |||||||||
Republic of Turkey | 06/20/23 | 1.000%(Q) | 80 | 2.002% | (2,497) | (7,813) | 5,316 | BNP Paribas S.A. | |||||||||
Republic of Turkey | 06/20/23 | 1.000%(Q) | 40 | 2.002% | (1,249) | (3,795) | 2,546 | BNP Paribas S.A. | |||||||||
Republic of Ukraine | 12/20/23 | 5.000%(Q) | 100 | 3.323% | 6,555 | 5,563 | 992 | Deutsche Bank AG | |||||||||
Russian Federation | 12/20/22 | 1.000%(Q) | 50 | 0.354% | 980 | (76) | 1,056 | Citibank, N.A. | |||||||||
Russian Federation | 06/20/23 | 1.000%(Q) | 150 | 0.428% | 3,030 | (1,953) | 4,983 | Morgan Stanley & Co. International PLC | |||||||||
Russian Federation | 06/20/23 | 1.000%(Q) | 100 | 0.428% | 2,020 | (1,091) | 3,111 | Morgan Stanley & Co. International PLC | |||||||||
Russian Federation | 06/20/23 | 1.000%(Q) | 50 | 0.428% | 1,010 | (641) | 1,651 | BNP Paribas S.A. | |||||||||
State of Illinois | 06/20/21 | 1.000%(Q) | 1,000 | 0.918% | 2,366 | 1,927 | 439 | Citibank, N.A. | |||||||||
$(27,673) | $(88,100) | $60,427 |
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at January 31, 2020(4) | Value at Trade Date | Value at January 31, 2020 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2): | |||||||||||||||
CDX.NA.HY.25.V8 | 12/20/20 | 5.000%(Q) | 279 | 2.689% | $7,672 | $7,313 | $(359) | ||||||||
CDX.NA.HY.33.V2 | 12/20/24 | 5.000%(Q) | 1,287 | 3.074% | 86,515 | 114,491 | 27,976 | ||||||||
$94,187 | $121,804 | $27,617 |
36
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Credit default swap agreements outstanding at January 31, 2020 (continued):
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at January 31, 2020(4) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
OTC Credit Default Swap Agreements on credit indices - Sell Protection(2): | |||||||||||||||||
CDX.BEIJING 1Y 30% - 100% | 12/20/20 | 0.000% | 300 | * | $(31) | $(155) | $124 | Citibank, N.A. | |||||||||
CMBX.NA.6.AA | 05/11/63 | 1.500%(M) | 200 | * | 4,186 | (1,087) | 5,273 | J.P. Morgan Securities LLC | |||||||||
$4,155 | $(1,242) | $5,397 |
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 the credit deteriorates. The value of the CDS contract increases for the protection buyer if the spread increases.
(1) | If the Fund is a buyer of protection, it pays the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and make delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
(2) | If the Fund is a seller of protection, it receives the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
(3) | 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. |
(4) | Implied credit spreads, represented in absolute terms, utilized in determining the fair value of credit default swap agreements where the Fund is the seller of protection 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. |
37
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
* | When an implied credit spread is not available, reference the fair value of credit default swap agreements on credit indices and asset-backed securities. Where the Fund is the seller of protection, it 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. |
Currency swap agreements outstanding at January 31, 2020: | ||||||||||||||||||
Notional Amount (000)# | Fund Receives | Notional Amount (000)# | Fund Pays | Counterparty | Termination Date | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | ||||||||||
OTC Currency Swap Agreement: | ||||||||||||||||||
IDR | 1,400,000 | 8.22%(S) | 97 | 6 Month LIBOR(S) | Citibank, N.A. | 11/29/23 | $18,018 | $— | $18,018 |
Inflation swap agreements outstanding at January 31, 2020: | ||||||||||||||
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2020 | Unrealized Appreciaton (Depreciation) | ||||||||
Centrally Cleared Inflation Swap Agreements: | ||||||||||||||
EUR | 200 | 05/15/23 | 1.485%(T) | France CPI ex Tobacco Household(1)(T) | $— | $(6,098) | $(6,098) | |||||||
EUR | 200 | 05/15/23 | 1.510%(T) | Eurostat Eurozone HICP ex Tobacco(2)(T) | — | 4,835 | 4,835 | |||||||
$— | $(1,263) | $(1,263) |
(1) | The Fund pays the fixed rate and receives the floating rate. |
(2) | The Fund pays the floating rate and receives the fixed rate. |
Interest rate swap agreements outstanding at January 31, 2020:
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2020 | Unrealized Appreciaton (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements: | ||||||||||||||
AUD | 400 | 12/18/27 | 2.696%(S) | 6 Month BBSW(2)(S) | $— | $36,010 | $36,010 | |||||||
AUD | 100 | 11/27/28 | 2.847%(S) | 6 Month BBSW(2)(S) | (1) | 10,644 | 10,645 | |||||||
AUD | 230 | 12/03/29 | 2.700%(S) | 6 Month BBSW(2)(S) | 23,341 | 24,056 | 715 | |||||||
BRL | 287 | 01/02/25 | 6.540%(T) | 1 Day BROIS(2)(T) | — | 1,982 | 1,982 | |||||||
BRL | 1,638 | 01/02/25 | 6.670%(T) | 1 Day BROIS(2)(T) | — | 14,131 | 14,131 | |||||||
BRL | 306 | 01/02/25 | 8.690%(T) | 1 Day BROIS(2)(T) | — | 12,560 | 12,560 | |||||||
BRL | 569 | 01/02/25 | 9.943%(T) | 1 Day BROIS(2)(T) | — | 44,599 | 44,599 | |||||||
BRL | 609 | 01/02/25 | 11.080%(T) | 1 Day BROIS(2)(T) | — | 57,114 | 57,114 | |||||||
BRL | 98 | 01/02/25 | 12.090%(T) | 1 Day BROIS(2)(T) | — | 10,848 | 10,848 | |||||||
BRL | 1,220 | 01/04/27 | 6.493%(T) | 1 Day BROIS(2)(T) | — | 3,372 | 3,372 | |||||||
CAD | 255 | 05/08/22 | 1.367%(S) | 3 Month CDOR(2)(S) | (8,229) | (1,644) | 6,585 | |||||||
CAD | 80 | 12/03/28 | 2.600%(S) | 3 Month CDOR(2)(S) | 762 | 4,678 | 3,916 |
38
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2020 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2020 | Unrealized Appreciaton (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
CAD | 50 | 01/09/38 | 2.720%(S) | 3 Month CDOR(2)(S) | $— | $4,885 | $4,885 | |||||||
CAD | 50 | 05/30/47 | 2.240%(S) | 3 Month CDOR(2)(S) | (1,614) | 2,884 | 4,498 | |||||||
CHF | 70 | 04/03/28 | 0.410%(A) | 6 Month CHF LIBOR(2)(S) | 196 | 6,043 | 5,847 | |||||||
CHF | 130 | 01/31/29 | 0.260%(A) | 6 Month CHF LIBOR(2)(S) | — | 9,068 | 9,068 | |||||||
CHF | 40 | 04/03/33 | 0.687%(A) | 6 Month CHF LIBOR(2)(S) | 1,707 | 5,825 | 4,118 | |||||||
CLP | 30,200 | 07/12/29 | 3.135%(S) | 1 Day CLOIS(2)(S) | — | 24 | 24 | |||||||
CLP | 91,000 | 11/22/29 | 3.203%(S) | 1 Day CLOIS(2)(S) | — | 433 | 433 | |||||||
CNH | 700 | 03/13/24 | 2.945%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | — | 1,474 | 1,474 | |||||||
CNH | 1,400 | 04/01/24 | 2.923%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | — | 2,730 | 2,730 | |||||||
CNH | 1,440 | 06/03/24 | 2.975%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | — | 3,364 | 3,364 | |||||||
CNH | 2,220 | 06/20/24 | 2.900%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (4) | 4,116 | 4,120 | |||||||
CNH | 1,500 | 09/03/24 | 2.860%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | — | 2,485 | 2,485 | |||||||
CNH | 1,500 | 10/10/24 | 2.860%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | — | 2,400 | 2,400 | |||||||
CNH | 1,680 | 11/01/24 | 3.120%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (6) | 5,757 | 5,763 | |||||||
CZK | 19,520 | 05/31/20 | 2.138%(A) | 3 Month PRIBOR(1)(Q) | — | (9,036) | (9,036) | |||||||
CZK | 21,000 | 01/27/24 | 1.923%(A) | 6 Month PRIBOR(2)(S) | — | 1,661 | 1,661 | |||||||
CZK | 6,100 | 01/31/24 | 1.930%(A) | 6 Month PRIBOR(1)(S) | — | (580) | (580) | |||||||
CZK | 8,760 | 01/27/30 | 1.573%(A) | 6 Month PRIBOR(1)(S) | — | (3,171) | (3,171) | |||||||
EUR | 200 | 05/11/25 | 0.100%(A) | 1 Day EONIA(1)(A) | (4,878) | (7,416) | (2,538) | |||||||
EUR | 235 | 10/30/32 | 1.302%(A) | 6 Month EURIBOR(2)(S) | 5,922 | 42,357 | 36,435 | |||||||
EUR | 430 | 05/11/33 | 1.000%(A) | 6 Month EURIBOR(2)(S) | (10,466) | 61,324 | 71,790 | |||||||
EUR | 120 | 05/11/49 | 1.450%(A) | 6 Month EURIBOR(2)(S) | 6,276 | 44,263 | 37,987 | |||||||
GBP | 110 | 12/07/27 | 1.110%(A) | 1 Day SONIA(1)(A) | — | (6,915) | (6,915) | |||||||
GBP | 475 | 12/21/31 | 1.534%(S) | 6 Month GBP LIBOR(2)(S) | 15,273 | 56,058 | 40,785 |
39
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2020 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2020 | Unrealized Appreciaton (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
GBP | 180 | 03/09/46 | 1.648%(S) | 6 Month GBP LIBOR(2)(S) | $(6,048) | $47,503 | $53,551 | |||||||
HKD | 2,090 | 03/13/21 | 2.138%(Q) | 3 Month HIBOR(2)(Q) | (3) | 301 | 304 | |||||||
HKD | 2,350 | 03/13/21 | 2.145%(Q) | 3 Month HIBOR(2)(Q) | (4) | 366 | 370 | |||||||
HKD | 1,295 | 09/03/26 | 1.538%(Q) | 3 Month HIBOR(1)(Q) | (7) | 1,299 | 1,306 | |||||||
HUF | 197,600 | 07/02/20 | 1.065%(A) | 6 Month BUBOR(2)(S) | (327) | 6,250 | 6,577 | |||||||
HUF | 43,000 | 03/18/26 | 2.140%(A) | 6 Month BUBOR(2)(S) | 9,737 | 11,073 | 1,336 | |||||||
HUF | 90,865 | 06/12/28 | 3.750%(A) | 6 Month BUBOR(2)(S) | — | 27,069 | 27,069 | |||||||
HUF | 23,000 | 07/15/29 | 1.650%(A) | 6 Month BUBOR(2)(S) | — | 1,763 | 1,763 | |||||||
JPY | 282,370 | 12/17/20 | 0.015%(S) | 6 Month JPY LIBOR(1)(S) | — | (513) | (513) | |||||||
JPY | 69,940 | 01/29/21 | (0.014)%(S) | 6 Month JPY LIBOR(1)(S) | — | 84 | 84 | |||||||
JPY | 71,505 | 12/03/23 | 0.050%(S) | 6 Month JPY LIBOR(1)(S) | (638) | (2,573) | (1,935) | |||||||
JPY | 59,000 | 12/18/27 | 0.290%(S) | 6 Month JPY LIBOR(2)(S) | — | 13,222 | 13,222 | |||||||
JPY | 53,000 | 12/18/32 | 0.516%(S) | 6 Month JPY LIBOR(2)(S) | — | 26,876 | 26,876 | |||||||
JPY | 176,500 | 12/18/37 | 0.715%(S) | 6 Month JPY LIBOR(2)(S) | — | 153,008 | 153,008 | |||||||
JPY | 10,055 | 01/04/38 | 0.757%(S) | 6 Month JPY LIBOR(2)(S) | 2,746 | 9,429 | 6,683 | |||||||
JPY | 11,780 | 12/03/38 | 0.600%(S) | 6 Month JPY LIBOR(2)(S) | 2,659 | 8,098 | 5,439 | |||||||
JPY | 10,000 | 10/04/39 | 0.203%(S) | 6 Month JPY LIBOR(2)(S) | — | (265) | (265) | |||||||
JPY | 21,500 | 12/03/39 | 0.650%(S) | 6 Month JPY LIBOR(2)(S) | 14,585 | 16,942 | 2,357 | |||||||
JPY | 5,000 | 07/04/43 | 0.763%(S) | 6 Month JPY LIBOR(2)(S) | — | 5,318 | 5,318 | |||||||
JPY | 16,700 | 12/18/47 | 0.918%(S) | 6 Month JPY LIBOR(2)(S) | — | 26,105 | 26,105 | |||||||
KRW | 700,000 | 01/07/21 | 1.733%(Q) | 3 Month KWCDC(2)(Q) | — | 2,185 | 2,185 |
40
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2020 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2020 | Unrealized Appreciaton (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
KRW | 209,000 | 09/10/28 | 2.043%(Q) | 3 Month KWCDC(2)(Q) | $10,281 | $10,827 | $546 | |||||||
KRW | 118,000 | 02/13/29 | 1.780%(Q) | 3 Month KWCDC(2)(Q) | — | 4,138 | 4,138 | |||||||
KRW | 33,500 | 04/17/29 | 1.740%(Q) | 3 Month KWCDC(2)(Q) | — | 1,081 | 1,081 | |||||||
MXN | 1,150 | 12/23/27 | 7.845%(M) | 28 Day Mexican Interbank Rate(2)(M) | — | 5,048 | 5,048 | |||||||
MXN | 4,080 | 02/27/29 | 8.260%(M) | 28 Day Mexican Interbank Rate(2)(M) | 1,178 | 25,686 | 24,508 | |||||||
NOK | 8,200 | 01/24/22 | 1.880%(A) | 6 Month NIBOR(2)(S) | 4 | 1,260 | 1,256 | |||||||
NOK | 3,400 | 01/24/25 | 1.823%(A) | 6 Month NIBOR(1)(S) | (3) | (2,477) | (2,474) | |||||||
NOK | 1,680 | 03/15/27 | 2.103%(A) | 6 Month NIBOR(2)(S) | 5,750 | 7,344 | 1,594 | |||||||
NOK | 1,000 | 11/05/29 | 1.863%(A) | 6 Month NIBOR(2)(S) | — | 1,380 | 1,380 | |||||||
NZD | 210 | 11/28/28 | 2.950%(S) | 3 Month BBR(2)(Q) | — | 18,510 | 18,510 | |||||||
NZD | 100 | 07/22/29 | 1.768%(S) | 3 Month BBR(2)(Q) | — | 2,120 | 2,120 | |||||||
NZD | 100 | 11/05/29 | 1.393%(S) | 3 Month BBR(2)(Q) | — | (123) | (123) | |||||||
PLN | 1,030 | 08/24/23 | 2.390%(A) | 6 Month WIBOR(2)(S) | — | 6,181 | 6,181 | |||||||
PLN | 2,100 | 09/09/23 | 1.900%(A) | 6 Month WIBOR(2)(S) | (19,526) | 2,257 | 21,783 | |||||||
PLN | 850 | 11/13/23 | 2.570%(A) | 6 Month WIBOR(2)(S) | — | 6,592 | 6,592 | |||||||
PLN | 1,120 | 06/21/24 | 1.750%(A) | 6 Month WIBOR(2)(S) | — | 1,977 | 1,977 | |||||||
PLN | 570 | 06/12/28 | 3.070%(A) | 6 Month WIBOR(1)(S) | — | (16,560) | (16,560) | |||||||
PLN | 45 | 07/11/28 | 2.935%(A) | 6 Month WIBOR(2)(S) | — | 1,174 | 1,174 | |||||||
PLN | 462 | 11/13/28 | 2.998%(A) | 6 Month WIBOR(1)(S) | — | (11,477) | (11,477) | |||||||
SEK | 2,000 | 04/25/23 | 0.750%(A) | 3 Month STIBOR(2)(Q) | 4,078 | 5,003 | 925 | |||||||
SEK | 2,325 | 06/22/27 | 1.031%(A) | 3 Month STIBOR(2)(Q) | (351) | 14,306 | 14,657 | |||||||
SEK | 410 | 07/12/29 | 0.585%(A) | 3 Month STIBOR(2)(Q) | — | 838 | 838 |
41
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2020 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2020 | Unrealized Appreciaton (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
SEK | 1,000 | 11/05/29 | 0.457%(A) | 3 Month STIBOR(2)(Q) | $— | $449 | $449 | |||||||
SGD | 135 | 03/19/24 | 2.025%(S) | 6 Month SIBOR(2)(S) | — | 2,763 | 2,763 | |||||||
SGD | 90 | 02/14/29 | 2.285%(S) | 6 Month SIBOR(2)(S) | — | 4,630 | 4,630 | |||||||
3,560 | 03/12/20 | 2.405%(T) | 1 Day USOIS(2)(T) | — | 13,662 | 13,662 | ||||||||
1,540 | 04/25/20 | 2.328%(T) | 1 Day USOIS(2)(T) | (25) | 6,498 | 6,523 | ||||||||
434 | 03/31/21 | 2.173%(A) | 1 Day USOIS(2)(A) | — | 4,947 | 4,947 | ||||||||
1,290 | 09/15/21 | 1.381%(S) | 3 Month LIBOR(2)(Q) | (278) | (1,706) | (1,428) | ||||||||
3,905 | 09/15/21 | 1.480%(S) | 3 Month LIBOR(2)(Q) | 1,272 | 1,331 | 59 | ||||||||
860 | 09/15/21 | 1.604%(S) | 3 Month LIBOR(2)(Q) | 4,024 | 2,069 | (1,955) | ||||||||
1,504 | 12/15/21 | 1.554%(S) | 3 Month LIBOR(2)(Q) | — | 4,919 | 4,919 | ||||||||
915 | 05/31/22 | 2.353%(A) | 1 Day USOIS(1)(A) | — | (26,998) | (26,998) | ||||||||
5,715 | 08/31/22 | 2.550%(A) | 1 Day USOIS(1)(A) | — | (224,717) | (224,717) | ||||||||
473 | 05/31/24 | 1.350%(A) | 1 Day USOIS(1)(A) | — | (4,907) | (4,907) | ||||||||
1,305 | 11/15/24 | 2.334%(S) | 3 Month LIBOR(1)(Q) | 10,004 | (62,096) | (72,100) | ||||||||
590 | 02/28/25 | 2.454%(A) | 1 Day USOIS(1)(A) | — | (41,035) | (41,035) | ||||||||
600 | 02/28/25 | 3.019%(S) | 3 Month LIBOR(1)(Q) | — | (55,384) | (55,384) | ||||||||
360 | 05/31/25 | 2.998%(S) | 3 Month LIBOR(1)(Q) | (215) | (31,506) | (31,291) | ||||||||
595 | 07/31/25 | 2.802%(A) | 1 Day USOIS(1)(A) | — | (56,536) | (56,536) | ||||||||
475 | 07/31/25 | 3.105%(S) | 3 Month LIBOR(1)(Q) | 375 | (44,666) | (45,041) | ||||||||
592 | 07/31/25 | 3.109%(S) | 3 Month LIBOR(1)(Q) | 94 | (55,807) | (55,901) | ||||||||
727 | 01/31/26 | 2.269%(A) | 1 Day USOIS(1)(A) | (8,176) | (48,274) | (40,098) | ||||||||
1,230 | 01/31/26 | 2.406%(S) | 3 Month LIBOR(1)(Q) | (2,194) | (75,307) | (73,113) | ||||||||
555 | 03/12/26 | 2.290%(A) | 1 Day USOIS(1)(A) | 25 | (39,182) | (39,207) | ||||||||
1,127 | 04/30/26 | 1.876%(S) | 3 Month LIBOR(1)(Q) | (3,555) | (40,758) | (37,203) | ||||||||
281 | 08/15/29 | 1.611%(A) | 1 Day USOIS(1)(A) | 184 | (9,594) | (9,778) | ||||||||
145 | 11/15/43 | 2.659%(S) | 3 Month LIBOR(1)(Q) | — | (29,229) | (29,229) | ||||||||
150 | 08/15/44 | 2.392%(A) | 1 Day USOIS(1)(A) | — | (30,147) | (30,147) | ||||||||
ZAR | 9,210 | 03/13/21 | 7.180%(Q) | 3 Month JIBAR(2)(Q) | — | 5,588 | 5,588 |
42
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2020 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2020 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2020 | Unrealized Appreciaton (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
ZAR | 8,270 | 03/13/24 | 7.500%(Q) | 3 Month JIBAR(1)(Q) | $11 | $(19,922) | $(19,933) | |||||||
ZAR | 3,700 | 11/07/27 | 8.360%(Q) | 3 Month JIBAR(2)(Q) | 3,468 | 19,211 | 15,743 | |||||||
ZAR | 3,200 | 07/16/28 | 8.170%(Q) | 3 Month JIBAR(2)(Q) | (45) | 12,712 | 12,757 | |||||||
ZAR | 2,460 | 03/13/29 | 8.055%(Q) | 3 Month JIBAR(2)(Q) | (8) | 8,109 | 8,117 | |||||||
ZAR | 5,000 | 11/01/29 | 7.820%(Q) | 3 Month JIBAR(2)(Q) | (38) | 9,926 | 9,964 | |||||||
$57,313 | $86,051 | $28,738 |
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Fair Value | Upfront Premiums Paid(Received) | Unrealized Appreciaton (Depreciation) | Counterparty | ||||||||
OTC Interest Rate Swap Agreements: | |||||||||||||||
CLP | 95,000 | 12/20/27 | 4.260%(S) | 1 Day CLOIS(2)(S) | $11,651 | $— | $11,651 | JPMorgan Chase Bank, N.A. | |||||||
CLP | 100,000 | 05/17/28 | 4.270%(S) | 1 Day CLOIS(2)(S) | 12,639 | — | 12,639 | Citibank, N.A. | |||||||
CNH | 700 | 08/15/23 | 3.115%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | 2,042 | — | 2,042 | UBS AG | |||||||
COP | 500,000 | 05/17/28 | 5.990%(Q) | 1 Day COOIS(2)(Q) | 9,681 | — | 9,681 | Citibank, N.A. | |||||||
COP | 503,000 | 08/03/28 | 6.160%(Q) | 1 Day COOIS(2)(Q) | 11,805 | — | 11,805 | JPMorgan Chase Bank, N.A. | |||||||
COP | 453,700 | 07/12/29 | 5.165%(Q) | 1 Day COOIS(2)(Q) | 172 | — | 172 | Morgan Stanley & Co. International PLC | |||||||
ILS | 550 | 04/26/28 | 1.915%(A) | 3 Month TELBOR(2)(Q) | 18,298 | — | 18,298 | BNP Paribas S.A. | |||||||
ILS | 510 | 07/16/28 | 2.045%(A) | 3 Month TELBOR(2)(Q) | 18,151 | — | 18,151 | JPMorgan Chase Bank, N.A. | |||||||
ILS | 270 | 07/12/29 | 1.411%(A) | 3 Month TELBOR(2)(Q) | 5,237 | — | 5,237 | Citibank, N.A. | |||||||
MYR | 200 | 07/11/29 | 3.528%(Q) | 3 Month KLIBOR(2)(Q) | 1,969 | — | 1,969 | Morgan Stanley & Co. International PLC | |||||||
THB | 10,000 | 08/08/20 | 1.840%(S) | 6 Month BIBOR(2)(S) | 1,256 | — | 1,256 | Citibank, N.A. | |||||||
THB | 6,000 | 07/04/24 | 1.590%(S) | 6 Month BIBOR(2)(S) | 4,355 | — | 4,355 | Morgan Stanley & Co. International PLC | |||||||
$97,256 | $— | $97,256 |
(1) | The Fund pays the fixed rate and receives the floating rate. |
(2) | The Fund pays the floating rate and receives the fixed rate. |
Other information regarding the Fund is available in the Funds’ most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
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