PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Long-Term Investments 94.8% | |||||
Asset-Backed Securities 16.9% | |||||
Cayman Islands 12.5% | |||||
Bain Capital Credit CLO Ltd., Series 2018-01A, Class A1, 144A, 3 Month LIBOR + 0.960% (Cap N/A, Floor 0.000%) | 1.178 %(c) | 04/23/31 | 250 | $249,993 | |
BlueMountain CLO Ltd., Series 2016-02A, Class A1R, 144A, 3 Month LIBOR + 1.310% (Cap N/A, Floor 1.310%) | 1.534(c) | 08/20/32 | 250 | 250,233 | |
Brookside Mill CLO Ltd., Series 2013-01A, Class BR, 144A, 3 Month LIBOR + 1.350% (Cap N/A, Floor 0.000%) | 1.573(c) | 01/17/28 | 250 | 248,334 | |
Carlyle CLO Ltd., Series C17A, Class A1AR, 144A, 3 Month LIBOR + 1.030% (Cap N/A, Floor 0.000%) | 1.244(c) | 04/30/31 | 250 | 250,000 | |
Carlyle Global Market Strategies CLO Ltd., Series 2014-01A, Class A1R2, 144A, 3 Month LIBOR + 0.970% (Cap N/A, Floor 0.970%) | 1.193(c) | 04/17/31 | 249 | 249,063 | |
CBAM Ltd., Series 2019-11A, Class A1, 144A, 3 Month LIBOR + 1.360% (Cap N/A, Floor 1.360%) | 1.584(c) | 10/20/32 | 250 | 250,396 | |
Greenwood Park CLO Ltd., Series 2018-01A, Class A2, 144A, 3 Month LIBOR + 1.010% (Cap N/A, Floor 0.000%) | 1.251(c) | 04/15/31 | 250 | 249,401 | |
Greywolf CLO Ltd., Series 2018-01A, Class A1, 144A, 3 Month LIBOR + 1.030% (Cap N/A, Floor 0.000%) | 1.245(c) | 04/26/31 | 750 | 750,000 | |
HPS Loan Management Ltd., Series 15A-19, Class A1, 144A, 3 Month LIBOR + 1.320% (Cap N/A, Floor 1.320%) | 1.542(c) | 07/22/32 | 250 | 250,892 | |
Madison Park Funding Ltd., Series 2016-21A, Class A1AR, 144A, 3 Month LIBOR + 1.350% (Cap N/A, Floor 1.350%) | 1.591(c) | 10/15/32 | 250 | 250,367 | |
MidOcean Credit CLO, | |||||
Series 2018-08A, Class A1, 144A, 3 Month LIBOR + 1.150% (Cap N/A, Floor 0.000%) | 1.374(c) | 02/20/31 | 250 | 249,983 | |
Series 2018-08A, Class B, 144A, 3 Month LIBOR + 1.650% (Cap N/A, Floor 0.000%) | 1.874(c) | 02/20/31 | 250 | 249,628 | |
Octagon Investment Partners 45 Ltd., Series 2019-01A, Class A, 144A, 3 Month LIBOR + 1.330% (Cap N/A, Floor 1.330%) | 1.571(c) | 10/15/32 | 500 | 500,978 | |
OZLM Ltd., Series 2014-06A, Class A2AS, 144A, 3 Month LIBOR + 1.750% (Cap N/A, Floor 0.000%) | 1.973(c) | 04/17/31 | 250 | 250,496 |
1
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Asset-Backed Securities (Continued) | |||||
Cayman Islands (cont’d.) | |||||
Telos CLO Ltd., Series 2013-04A, Class AR, 144A, 3 Month LIBOR + 1.240% (Cap N/A, Floor 0.000%) | 1.463 %(c) | 01/17/30 | 248 | $247,872 | |
TICP CLO Ltd., Series 2015-01A, Class BR, 144A, 3 Month LIBOR + 1.300% (Cap N/A, Floor 0.000%) | 1.524(c) | 07/20/27 | 250 | 248,341 | |
Tryon Park CLO Ltd., Series 2013-01A, Class A2R, 144A, 3 Month LIBOR + 1.500% (Cap N/A, Floor 0.000%) | 1.741(c) | 04/15/29 | 250 | 249,600 | |
Voya CLO Ltd., Series 2013-02A, Class A1R, 144A, 3 Month LIBOR + 0.970% (Cap N/A, Floor 0.970%) | 1.188(c) | 04/25/31 | 250 | 249,729 | |
5,245,306 | |||||
Ireland 0.7% | |||||
Armada Euro CLO DAC, Series 02A, Class A3, 144A | 1.500 | 11/15/31 | EUR | 250 | 303,922 |
Spain 0.3% | |||||
TFS, Series 2018-03, Class A1, 1 Month EURIBOR + 2.900% | 2.900(c) | 04/16/23 | EUR | 111 | 121,739 |
United States 3.4% | |||||
Battalion CLO Ltd., Series 2018-12A, Class A1, 144A, 3 Month LIBOR + 1.070% (Cap N/A, Floor 1.070%) | 1.292(c) | 05/17/31 | 250 | 249,975 | |
Credit Suisse Mortgage Trust, Series 2020-11R, Class 1A1, 144A | 2.294 | 04/25/38 | 104 | 103,610 | |
Lendmark Funding Trust, | |||||
Series 2019-01A, Class A, 144A | 3.000 | 12/20/27 | 100 | 103,183 | |
Series 2019-02A, Class A, 144A | 2.780 | 04/20/28 | 200 | 206,447 | |
Mariner Finance Issuance Trust, Series 2020-AA, Class A, 144A | 2.190 | 08/21/34 | 100 | 102,241 | |
OneMain Direct Auto Receivables Trust, Series 2019-01A, Class A, 144A | 3.630 | 09/14/27 | 100 | 110,370 | |
Oportun Funding VIII LLC, Series 2018-A, Class A, 144A | 3.610 | 03/08/24 | 250 | 250,157 | |
PNMAC GMSR Issuer Trust, | |||||
Series 2018-GT01, Class A, 144A, 1 Month LIBOR + 2.850% (Cap N/A, Floor 2.850%) | 2.980(c) | 02/25/23 | 100 | 99,019 |
2
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (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%) | 2.780 %(c) | 08/25/25 | 100 | $98,030 | |
TH MSR Issuer Trust, Series 2019-FT01, Class A, 144A, 1 Month LIBOR + 2.800% (Cap N/A, Floor 2.800%) | 2.930(c) | 06/25/24 | 120 | 116,435 | |
1,439,467 | |||||
Total Asset-Backed Securities (cost $6,997,960) | 7,110,434 | ||||
Commercial Mortgage-Backed Securities 7.9% | |||||
Canada 0.1% | |||||
Real Estate Asset Liquidity Trust, Series 2020-01A, Class A1, 144A | 2.381(cc) | 02/12/55 | CAD | 24 | 19,372 |
United States 7.8% | |||||
BANK, | |||||
Series 2018-BN10, Class A4 | 3.428 | 02/15/61 | 250 | 279,544 | |
Series 2020-BN26, Class A3 | 2.155 | 03/15/63 | 200 | 207,185 | |
Benchmark Mortgage Trust, | |||||
Series 2018-B01, Class A3 | 3.355 | 01/15/51 | 175 | 185,655 | |
Series 2018-B02, Class A3 | 3.544 | 02/15/51 | 200 | 217,397 | |
Series 2020-B17, Class A4 | 2.042 | 03/15/53 | 75 | 77,480 | |
Series 2020-B20, Class A3 | 1.945 | 10/15/53 | 100 | 103,102 | |
BX Commercial Mortgage Trust, | |||||
Series 2019-XL, Class F, 144A, 1 Month LIBOR + 2.000% (Cap N/A, Floor 2.000%) | 2.126(c) | 10/15/36 | 95 | 95,101 | |
Series 2019-XL, Class G, 144A, 1 Month LIBOR + 2.300% (Cap N/A, Floor 2.300%) | 2.426(c) | 10/15/36 | 95 | 95,082 | |
Series 2019-XL, Class J, 144A, 1 Month LIBOR + 2.650% (Cap N/A, Floor 2.650%) | 2.776(c) | 10/15/36 | 95 | 95,111 | |
Series 2020-BXLP, Class F, 144A, 1 Month LIBOR + 2.000% (Cap N/A, Floor 2.000%) | 2.126(c) | 12/15/36 | 100 | 99,971 | |
Citigroup Commercial Mortgage Trust, Series 2018-B02, Class A3 | 3.744 | 03/10/51 | 150 | 170,643 | |
Cold Storage Trust, Series 2020-ICE05, Class E, 144A, 1 Month LIBOR + 2.766% (Cap N/A, Floor 2.833%) | 2.892(c) | 11/15/37 | 100 | 100,310 |
3
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Commercial Mortgage-Backed Securities (Continued) | |||||
United States (cont’d.) | |||||
Credit Suisse Mortgage Capital Certificates, Series 2019-ICE04, Class E, 144A, 1 Month LIBOR + 2.150% (Cap N/A, Floor 2.150%) | 2.276 %(c) | 05/15/36 | 200 | $200,513 | |
FHLMC Multifamily Structured Pass-Through Certificates, | |||||
Series K052, Class X1, IO | 0.653(cc) | 11/25/25 | 4,486 | 122,933 | |
Series K111, Class X1, IO | 1.572(cc) | 05/25/30 | 319 | 40,817 | |
Series K113, Class X1, IO | 1.387(cc) | 06/25/30 | 920 | 104,512 | |
Series KG03, Class X1, IO | 1.381(cc) | 06/25/30 | 1,055 | 116,952 | |
GS Mortgage Securities Trust, Series 2018-GS09, Class A3 | 3.727 | 03/10/51 | 125 | 141,555 | |
MKT Mortgage Trust, Series 2020-525M, Class F, 144A | 2.941(cc) | 02/12/40 | 100 | 90,906 | |
One New York Plaza Trust, | |||||
Series 2020-01NYP, Class C, 144A, 1 Month LIBOR + 2.200% (Cap N/A, Floor 2.200%) | 2.359(c) | 01/15/26 | 100 | 101,000 | |
Series 2020-01NYP, Class D, 144A, 1 Month LIBOR + 2.750% (Cap N/A, Floor 2.750%) | 2.909(c) | 01/15/26 | 100 | 101,000 | |
UBS Commercial Mortgage Trust, Series 2018-C08, Class A3 | 3.720 | 02/15/51 | 250 | 284,290 | |
Wells Fargo Commercial Mortgage Trust, Series 2016-LC24, Class A3 | 2.684 | 10/15/49 | 250 | 269,142 | |
3,300,201 | |||||
Total Commercial Mortgage-Backed Securities (cost $3,137,405) | 3,319,573 | ||||
Corporate Bonds 31.7% | |||||
Canada 0.9% | |||||
Bombardier, Inc., | |||||
Sr. Unsec’d. Notes, 144A | 7.500 | 12/01/24 | 25 | 24,087 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 03/15/25 | 25 | 23,385 | |
Sr. Unsec’d. Notes, 144A | 7.875 | 04/15/27 | 40 | 36,919 | |
Brookfield Residential Properties, Inc./Brookfield Residential US Corp., Gtd. Notes, 144A | 4.875 | 02/15/30 | 35 | 35,897 | |
Hydro-Quebec, Local Gov’t. Gtd. Notes, Series HK | 9.375 | 04/15/30 | 150 | 246,802 | |
367,090 |
4
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
China 0.7% | |||||
Aircraft Finance Co. Ltd., Sr. Sec’d. Notes, Series B | 4.100 % | 03/29/26 | 164 | $170,443 | |
Sinopec Group Overseas Development 2015 Ltd., Gtd. Notes | 1.000 | 04/28/22 | EUR | 100 | 122,692 |
293,135 | |||||
Denmark 0.7% | |||||
Danske Bank A/S, Sr. Unsec’d. Notes, 144A | 1.171(ff) | 12/08/23 | 300 | 301,592 | |
France 2.5% | |||||
BNP Paribas SA, Sr. Unsec’d. Notes, 144A, MTN | 3.052(ff) | 01/13/31 | 200 | 215,199 | |
Credit Agricole Assurances SA, Sub. Notes | 4.250(ff) | 01/13/25(oo) | EUR | 100 | 134,091 |
Loxam SAS, Sr. Sub. Notes | 5.750 | 07/15/27 | EUR | 120 | 146,354 |
SNCF Reseau, Sr. Unsec’d. Notes | 4.700 | 06/01/35 | CAD | 100 | 101,241 |
Societe Generale SA, | |||||
Sr. Unsec’d. Notes, 144A | 1.488(ff) | 12/14/26 | 200 | 200,642 | |
Sr. Unsec’d. Notes, 144A, MTN | 3.875 | 03/28/24 | 255 | 277,939 | |
1,075,466 | |||||
Germany 1.3% | |||||
Deutsche Bahn Finance GMBH, Gtd. Notes, MTN | 3.800 | 09/27/27 | AUD | 100 | 87,297 |
Deutsche Bank AG, Sr. Unsec’d. Notes | 4.250 | 02/04/21 | 200 | 200,038 | |
Volkswagen International Finance NV, | |||||
Gtd. Notes | 2.700(ff) | 12/14/22(oo) | EUR | 100 | 123,622 |
Gtd. Notes | 4.625(ff) | 03/24/26(oo) | EUR | 100 | 133,794 |
544,751 | |||||
Hong Kong 0.3% | |||||
HKT Capital No 3 Ltd., Gtd. Notes | 1.650 | 04/10/27 | EUR | 100 | 131,942 |
5
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
India 0.3% | |||||
NTPC Ltd., Sr. Unsec’d. Notes, EMTN | 2.750 % | 02/01/27 | EUR | 100 | $128,722 |
Indonesia 0.3% | |||||
Perusahaan Listrik Negara PT, Sr. Unsec’d. Notes, 144A | 1.875 | 11/05/31 | EUR | 100 | 121,304 |
Italy 1.1% | |||||
Assicurazioni Generali SpA, Sub. Notes, EMTN | 5.500(ff) | 10/27/47 | EUR | 100 | 146,840 |
Intesa Sanpaolo SpA, Sr. Unsec’d. Notes, 144A | 3.375 | 01/12/23 | 200 | 208,962 | |
Rossini Sarl, Sr. Sec’d. Notes, 144A | 6.750 | 10/30/25 | EUR | 100 | 129,527 |
485,329 | |||||
Kazakhstan 0.3% | |||||
Kazakhstan Temir Zholy National Co. JSC, | |||||
Gtd. Notes | 3.250 | 12/05/23 | CHF | 50 | 59,313 |
Gtd. Notes | 3.638 | 06/20/22 | CHF | 50 | 57,929 |
117,242 | |||||
Luxembourg 0.6% | |||||
ARD Finance SA, Sr. Sec’d. Notes, 144A, Cash coupon 5.000% or PIK 5.750% | 5.000 | 06/30/27 | EUR | 100 | 124,556 |
Matterhorn Telecom SA, Sr. Sec’d. Notes | 3.125 | 09/15/26 | EUR | 100 | 120,384 |
244,940 | |||||
Mexico 1.1% | |||||
Petroleos Mexicanos, | |||||
Gtd. Notes | 3.625 | 11/24/25 | EUR | 300 | 358,906 |
Gtd. Notes, EMTN | 3.750 | 04/16/26 | EUR | 100 | 119,552 |
478,458 | |||||
Netherlands 0.2% | |||||
Cooperatieve Rabobank UA, Sr. Unsec’d. Notes, GMTN | 3.500 | 12/14/26 | AUD | 90 | 74,851 |
6
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Norway 0.4% | |||||
Equinor ASA, Gtd. Notes | 2.875 % | 04/06/25 | 150 | $162,599 | |
Peru 0.3% | |||||
Peru Enhanced Pass-Through Finance Ltd., Pass-Through Certificates | 1.962(s) | 06/02/25 | 140 | 135,522 | |
Russia 0.5% | |||||
Gazprom PJSC Via Gaz Capital SA, Sr. Unsec’d. Notes | 4.250 | 04/06/24 | GBP | 100 | 146,720 |
Russian Railways Via RZD Capital PLC, Sr. Unsec’d. Notes | 0.898 | 10/03/25 | CHF | 50 | 56,275 |
202,995 | |||||
Supranational Bank 0.1% | |||||
European Investment Bank, Sr. Unsec’d. Notes, 144A, EMTN | 5.400 | 01/05/45 | CAD | 50 | 60,784 |
Switzerland 1.2% | |||||
Credit Suisse Group AG, Sr. Unsec’d. Notes, 144A | 2.593(ff) | 09/11/25 | 250 | 263,940 | |
UBS Group AG, Sr. Unsec’d. Notes, 144A | 4.125 | 09/24/25 | 200 | 227,295 | |
491,235 | |||||
United Arab Emirates 0.4% | |||||
First Abu Dhabi Bank PJSC, Sr. Unsec’d. Notes, EMTN | 4.800 | 06/01/21 | CNH | 1,000 | 155,970 |
United Kingdom 1.7% | |||||
Barclays PLC, Sr. Unsec’d. Notes | 3.932(ff) | 05/07/25 | 200 | 218,512 | |
BAT Capital Corp., Gtd. Notes | 2.259 | 03/25/28 | 80 | 81,850 | |
BP Capital Markets PLC, Gtd. Notes | 4.375(ff) | 06/22/25(oo) | 150 | 159,432 |
7
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United Kingdom (cont’d.) | |||||
DS Smith PLC, Sr. Unsec’d. Notes, EMTN | 0.875 % | 09/12/26 | EUR | 100 | $124,400 |
eG Global Finance PLC, Sr. Sec’d. Notes, 144A | 6.250 | 10/30/25 | EUR | 100 | 124,332 |
708,526 | |||||
United States 16.8% | |||||
AbbVie, Inc., | |||||
Sr. Unsec’d. Notes | 4.050 | 11/21/39 | 50 | 58,671 | |
Sr. Unsec’d. Notes | 4.250 | 11/21/49 | 50 | 60,678 | |
American Axle & Manufacturing, Inc., Gtd. Notes | 6.500 | 04/01/27 | 50 | 52,299 | |
American International Group, Inc., Sr. Unsec’d. Notes | 1.875 | 06/21/27 | EUR | 100 | 133,035 |
AmeriGas Partners LP/AmeriGas Finance Corp., Sr. Unsec’d. Notes | 5.625 | 05/20/24 | 50 | 54,960 | |
Antero Resources Corp., Gtd. Notes, 144A | 8.375 | 07/15/26 | 25 | 26,492 | |
Anthem, Inc., Sr. Unsec’d. Notes | 2.875 | 09/15/29 | 100 | 108,839 | |
Ascent Resources Utica Holdings LLC/ARU Finance Corp., | |||||
Gtd. Notes, 144A | 9.000 | 11/01/27 | 25 | 28,249 | |
Sr. Unsec’d. Notes, 144A | 7.000 | 11/01/26 | 25 | 23,871 | |
Ashton Woods USA LLC/Ashton Woods Finance Co., Sr. Unsec’d. Notes, 144A | 9.875 | 04/01/27 | 50 | 56,602 | |
AT&T, Inc., | |||||
Sr. Unsec’d. Notes | 4.100 | 01/19/26 | AUD | 100 | 87,444 |
Sr. Unsec’d. Notes, 144A | 3.550 | 09/15/55 | 40 | 38,176 | |
Sr. Unsec’d. Notes, 144A | 3.650 | 09/15/59 | 69 | 66,284 | |
Bank of America Corp., | |||||
Jr. Sub. Notes, Series MM | 4.300(ff) | 01/28/25(oo) | 110 | 113,415 | |
Sr. Unsec’d. Notes, MTN | 2.496(ff) | 02/13/31 | 170 | 177,016 | |
Sr. Unsec’d. Notes, MTN | 3.194(ff) | 07/23/30 | 85 | 93,490 | |
Bausch Health Americas, Inc., Gtd. Notes, 144A | 8.500 | 01/31/27 | 10 | 11,058 | |
Bausch Health Cos., Inc., | |||||
Gtd. Notes, 144A | 5.000 | 01/30/28 | 5 | 5,150 | |
Gtd. Notes, 144A | 5.250 | 01/30/30 | 25 | 25,853 | |
Gtd. Notes, 144A | 6.250 | 02/15/29 | 10 | 10,730 |
8
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Beazer Homes USA, Inc., | |||||
Gtd. Notes | 6.750 % | 03/15/25 | 50 | $51,638 | |
Gtd. Notes | 7.250 | 10/15/29 | 20 | 22,464 | |
Bristol-Myers Squibb Co., Sr. Unsec’d. Notes | 2.350 | 11/13/40 | 10 | 9,909 | |
Brixmor Operating Partnership LP, Sr. Unsec’d. Notes | 4.125 | 05/15/29 | 65 | 74,333 | |
Broadcom, Inc., | |||||
Gtd. Notes | 3.459 | 09/15/26 | 102 | 112,176 | |
Gtd. Notes | 4.700 | 04/15/25 | 65 | 74,113 | |
Gtd. Notes, 144A | 3.500 | 02/15/41 | 30 | 30,253 | |
Calpine Corp., | |||||
Sr. Unsec’d. Notes, 144A | 4.625 | 02/01/29 | 10 | 10,089 | |
Sr. Unsec’d. Notes, 144A | 5.000 | 02/01/31 | 10 | 10,280 | |
Sr. Unsec’d. Notes, 144A | 5.125 | 03/15/28 | 50 | 51,762 | |
CCO Holdings LLC/CCO Holdings Capital Corp., Sr. Unsec’d. Notes, 144A | 5.000 | 02/01/28 | 75 | 78,783 | |
Charter Communications Operating LLC/Charter Communications Operating Capital, | |||||
Sr. Sec’d. Notes | 2.800 | 04/01/31 | 45 | 46,407 | |
Sr. Sec’d. Notes | 4.800 | 03/01/50 | 35 | 39,848 | |
Sr. Sec’d. Notes | 6.384 | 10/23/35 | 100 | 134,635 | |
Cigna Corp., Sr. Unsec’d. Notes | 2.400 | 03/15/30 | 25 | 26,070 | |
Citigroup, Inc., Sr. Unsec’d. Notes | 3.106(ff) | 04/08/26 | 300 | 325,462 | |
Clear Channel Worldwide Holdings, Inc., Gtd. Notes | 9.250 | 02/15/24 | 21 | 21,843 | |
CNA Financial Corp., Sr. Unsec’d. Notes | 3.900 | 05/01/29 | 100 | 116,656 | |
CSC Holdings LLC, Sr. Unsec’d. Notes, 144A | 4.625 | 12/01/30 | 200 | 203,973 | |
CVS Health Corp., Sr. Unsec’d. Notes | 4.300 | 03/25/28 | 6 | 7,053 | |
Dana Financing Luxembourg Sarl, Gtd. Notes, 144A | 6.500 | 06/01/26 | 50 | 52,209 | |
Dana, Inc., Sr. Unsec’d. Notes | 5.375 | 11/15/27 | 25 | 26,426 | |
Danaher Corp., Sr. Unsec’d. Notes | 2.100 | 09/30/26 | EUR | 100 | 134,874 |
9
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Diamond Sports Group LLC/Diamond Sports Finance Co., Gtd. Notes, 144A | 6.625 % | 08/15/27 | 45 | $28,582 | |
Discovery Communications LLC, Gtd. Notes | 4.900 | 03/11/26 | 100 | 117,065 | |
DISH DBS Corp., Gtd. Notes | 7.750 | 07/01/26 | 50 | 54,262 | |
Embarq Corp., Sr. Unsec’d. Notes | 7.995 | 06/01/36 | 100 | 122,525 | |
Energizer Gamma Acquisition BV, Gtd. Notes | 4.625 | 07/15/26 | EUR | 100 | 125,326 |
Energy Transfer Operating LP, | |||||
Gtd. Notes | 5.000 | 05/15/50 | 45 | 46,710 | |
Jr. Sub. Notes, Series G | 7.125(ff) | 05/15/30(oo) | 100 | 94,067 | |
Enterprise Products Operating LLC, | |||||
Gtd. Notes | 3.700 | 01/31/51 | 15 | 15,704 | |
Gtd. Notes | 3.950 | 01/31/60 | 15 | 16,105 | |
Everi Payments, Inc., Gtd. Notes, 144A | 7.500 | 12/15/25 | 19 | 19,695 | |
Fidelity National Information Services, Inc., Sr. Unsec’d. Notes | 1.500 | 05/21/27 | EUR | 100 | 130,707 |
General Motors Co., Sr. Unsec’d. Notes | 5.150 | 04/01/38 | 50 | 60,302 | |
General Motors Financial Co., Inc., Sr. Unsec’d. Notes | 1.700 | 08/18/23 | 95 | 97,215 | |
Goldman Sachs Group, Inc. (The), | |||||
Sr. Unsec’d. Notes | 1.992(ff) | 01/27/32 | 20 | 20,039 | |
Sub. Notes | 4.750 | 10/12/21 | EUR | 150 | 187,896 |
HCA, Inc., Sr. Sec’d. Notes | 5.250 | 04/15/25 | 100 | 116,577 | |
Hunt Cos., Inc., Sr. Sec’d. Notes, 144A | 6.250 | 02/15/26 | 75 | 76,788 | |
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc., Gtd. Notes, 144A | 6.500 | 04/15/29 | 25 | 28,420 | |
JPMorgan Chase & Co., | |||||
Sr. Unsec’d. Notes | —(p) | 02/04/32 | 90 | 89,984 | |
Sr. Unsec’d. Notes | 2.083(ff) | 04/22/26 | 90 | 94,138 | |
Sr. Unsec’d. Notes | 3.702(ff) | 05/06/30 | 65 | 74,299 | |
Kraft Heinz Foods Co., Gtd. Notes | 3.000 | 06/01/26 | 100 | 105,796 |
10
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Liberty Mutual Group, Inc., Gtd. Notes | 2.750 % | 05/04/26 | EUR | 100 | $137,180 |
Marsh & McLennan Cos., Inc., Sr. Unsec’d. Notes | 1.349 | 09/21/26 | EUR | 100 | 129,491 |
Medtronic Global Holdings SCA, | |||||
Gtd. Notes | 0.750 | 10/15/32 | EUR | 100 | 126,719 |
Gtd. Notes | 1.000 | 07/02/31 | EUR | 100 | 130,080 |
Morgan Stanley, | |||||
Sr. Unsec’d. Notes | 3.625 | 01/20/27 | 95 | 108,080 | |
Sr. Unsec’d. Notes, EMTN | 1.342(ff) | 10/23/26 | EUR | 100 | 128,294 |
Sr. Unsec’d. Notes, MTN | 1.928(ff) | 04/28/32 | 75 | 74,787 | |
MPLX LP, Sr. Unsec’d. Notes | 4.000 | 03/15/28 | 25 | 28,346 | |
Nationstar Mortgage Holdings, Inc., | |||||
Gtd. Notes, 144A | 5.500 | 08/15/28 | 15 | 15,556 | |
Gtd. Notes, 144A | 6.000 | 01/15/27 | 35 | 37,002 | |
Newell Brands, Inc., Sr. Unsec’d. Notes | 4.700 | 04/01/26 | 100 | 109,963 | |
NRG Energy, Inc., Gtd. Notes | 5.750 | 01/15/28 | 53 | 57,674 | |
ONEOK, Inc., Gtd. Notes | 4.450 | 09/01/49 | 120 | 123,037 | |
Phillips 66, Gtd. Notes | 3.700 | 04/06/23 | 15 | 16,009 | |
Range Resources Corp., Gtd. Notes | 9.250 | 02/01/26 | 50 | 54,454 | |
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu, Sr. Sec’d. Notes, 144A | 5.125 | 07/15/23 | 2 | 2,027 | |
Sally Holdings LLC/Sally Capital, Inc., | |||||
Gtd. Notes | 5.500 | 11/01/23 | 50 | 50,396 | |
Gtd. Notes | 5.625 | 12/01/25 | 25 | 25,752 | |
Shire Acquisitions Investments Ireland DAC, Gtd. Notes | 3.200 | 09/23/26 | 25 | 27,738 | |
Stryker Corp., Sr. Unsec’d. Notes | 2.625 | 11/30/30 | EUR | 100 | 146,458 |
Suburban Propane Partners LP/Suburban Energy Finance Corp., Sr. Unsec’d. Notes | 5.875 | 03/01/27 | 50 | 52,284 | |
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., Gtd. Notes, 144A | 7.500 | 10/01/25 | 50 | 53,205 |
11
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Taylor Morrison Communities, Inc., | |||||
Gtd. Notes, 144A | 6.625 % | 07/15/27 | 25 | $26,963 | |
Sr. Unsec’d. Notes, 144A | 5.125 | 08/01/30 | 10 | 10,973 | |
Tenet Healthcare Corp., | |||||
Sr. Sec’d. Notes, 144A | 5.125 | 11/01/27 | 50 | 52,789 | |
Sr. Unsec’d. Notes | 6.750 | 06/15/23 | 25 | 27,072 | |
T-Mobile USA, Inc., | |||||
Sr. Sec’d. Notes, 144A | 4.375 | 04/15/40 | 30 | 35,052 | |
Sr. Sec’d. Notes, 144A | 4.500 | 04/15/50 | 40 | 47,210 | |
U.S. Concrete, Inc., Gtd. Notes | 6.375 | 06/01/24 | 16 | 16,456 | |
United Airlines 2019-2 Class AA Pass-Through Trust, Pass-Through Certificates | 2.700 | 11/01/33 | 25 | 23,969 | |
United Rentals North America, Inc., | |||||
Gtd. Notes | 5.250 | 01/15/30 | 60 | 66,416 | |
Gtd. Notes | 5.500 | 05/15/27 | 100 | 106,975 | |
VEREIT Operating Partnership LP, | |||||
Gtd. Notes | 2.200 | 06/15/28 | 5 | 5,112 | |
Gtd. Notes | 2.850 | 12/15/32 | 5 | 5,141 | |
Verizon Communications, Inc., Sr. Unsec’d. Notes | 2.650 | 11/20/40 | 45 | 43,801 | |
Viatris, Inc., | |||||
Gtd. Notes, 144A | 3.850 | 06/22/40 | 110 | 121,740 | |
Gtd. Notes, 144A | 4.000 | 06/22/50 | 15 | 16,716 | |
Vistra Operations Co. LLC, Gtd. Notes, 144A | 5.000 | 07/31/27 | 45 | 47,362 | |
Welltower, Inc., Sr. Unsec’d. Notes | 3.100 | 01/15/30 | 70 | 75,638 | |
Zimmer Biomet Holdings, Inc., Sr. Unsec’d. Notes | 1.414 | 12/13/22 | EUR | 100 | 124,544 |
7,104,231 | |||||
Total Corporate Bonds (cost $12,466,530) | 13,386,684 |
12
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Residential Mortgage-Backed Securities 2.7% | |||||
Bermuda 0.5% | |||||
Bellemeade Re Ltd., Series 2018-01A, Class M1B, 144A, 1 Month LIBOR + 1.600% (Cap N/A, Floor 0.000%) | 1.730 %(c) | 04/25/28 | 62 | $62,411 | |
Home Re Ltd., Series 2021-01, Class M1B, 144A | —(p) | 07/25/33 | 150 | 149,987 | |
212,398 | |||||
United States 2.2% | |||||
FHLMC Structured Agency Credit Risk Debt Notes, | |||||
Series 2020-HQA05, Class B1, 144A, 30 Day Average Secured Overnight Financing Rate + 4.000% (Cap N/A, Floor 0.000%) | 4.082(c) | 11/25/50 | 35 | 36,344 | |
Series 2020-HQA05, Class M2, 144A, 30 Day Average Secured Overnight Financing Rate + 2.600% (Cap N/A, Floor 0.000%) | 2.682(c) | 11/25/50 | 165 | 166,470 | |
FHLMC Structured Agency Credit Risk REMIC Trust, | |||||
Series 2020-HQA03, Class M2, 144A, 1 Month LIBOR + 3.600% (Cap N/A, Floor 0.000%) | 3.730(c) | 07/25/50 | 30 | 30,422 | |
Series 2021-DNA01, Class B1, 144A, 30 Day Average Secured Overnight Financing Rate + 2.650% (Cap N/A, Floor 0.000%) | 2.729(c) | 01/25/51 | 10 | 10,016 | |
Series 2021-DNA01, Class M2, 144A, 30 Day Average Secured Overnight Financing Rate + 1.800% (Cap N/A, Floor 0.000%) | 1.879(c) | 01/25/51 | 80 | 80,006 | |
GCAT LLC, Series 2019-04, Class A1, 144A | 3.228 | 11/26/49 | 159 | 159,112 | |
GS Mortgage-Backed Securities Trust, Series 2019-SL01, Class A1, 144A | 2.625(cc) | 01/25/59 | 54 | 55,382 | |
Legacy Mortgage Asset Trust, | |||||
Series 2019-PR01, Class A1, 144A | 3.858 | 09/25/59 | 87 | 87,384 | |
Series 2020-GS01, Class A1, 144A | 2.882 | 10/25/59 | 93 | 93,511 | |
PMT Credit Risk Transfer Trust, Series 2020-02R, Class A, 144A, 1 Month LIBOR + 3.815% (Cap N/A, Floor 3.815%) | 3.967(c) | 12/25/22 | 209 | 209,356 | |
928,003 | |||||
Total Residential Mortgage-Backed Securities (cost $1,135,000) | 1,140,401 |
13
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds 33.7% | |||||
Austria 0.4% | |||||
Republic of Austria Government International Bond, Sr. Unsec’d. Notes, 144A, MTN | 5.375 % | 12/01/34 | CAD | 160 | $176,347 |
Belgium 0.5% | |||||
Kingdom of Belgium Government Bond, Sr. Unsec’d. Notes, Series 76, 144A | 1.900 | 06/22/38 | EUR | 130 | 206,922 |
Brazil 1.9% | |||||
Brazil Loan Trust 1, Gov’t. Gtd. Notes | 5.477 | 07/24/23 | 75 | 78,824 | |
Brazil Minas SPE via State of Minas Gerais, Gov’t. Gtd. Notes | 5.333 | 02/15/28 | 680 | 740,987 | |
819,811 | |||||
Bulgaria 0.4% | |||||
Bulgaria Government International Bond, Sr. Unsec’d. Notes, GMTN | 3.125 | 03/26/35 | EUR | 100 | 158,884 |
Chile 0.4% | |||||
Chile Government International Bond, Sr. Unsec’d. Notes | 1.440 | 02/01/29 | EUR | 115 | 151,595 |
China 0.4% | |||||
Export-Import Bank of China (The), Sr. Unsec’d. Notes | 4.400 | 05/14/24 | CNH | 1,000 | 162,936 |
Colombia 2.1% | |||||
Colombia Government International Bond, | |||||
Sr. Unsec’d. Notes | 3.000 | 01/30/30 | 200 | 206,199 | |
Sr. Unsec’d. Notes, EMTN | 3.875 | 03/22/26 | EUR | 500 | 693,241 |
899,440 | |||||
Croatia 1.1% | |||||
Croatia Government International Bond, | |||||
Sr. Unsec’d. Notes | 1.125 | 06/19/29 | EUR | 200 | 254,227 |
Sr. Unsec’d. Notes | 6.000 | 01/26/24 | 200 | 230,517 | |
484,744 |
14
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Cyprus 1.8% | |||||
Cyprus Government International Bond, | |||||
Sr. Unsec’d. Notes, EMTN | 1.250 % | 01/21/40 | EUR | 20 | $26,009 |
Sr. Unsec’d. Notes, EMTN | 2.750 | 06/27/24 | EUR | 225 | 299,336 |
Sr. Unsec’d. Notes, EMTN | 2.750 | 02/26/34 | EUR | 200 | 309,326 |
Sr. Unsec’d. Notes, EMTN | 2.750 | 05/03/49 | EUR | 30 | 51,627 |
Sr. Unsec’d. Notes, EMTN | 4.250 | 11/04/25 | EUR | 50 | 72,943 |
759,241 | |||||
Dominican Republic 0.3% | |||||
Dominican Republic International Bond, Sr. Unsec’d. Notes | 5.950 | 01/25/27 | 100 | 114,681 | |
Greece 2.2% | |||||
Hellenic Republic Government Bond, | |||||
Bonds | 3.650(cc) | 02/24/34 | EUR | 48 | 78,727 |
Bonds | 3.650(cc) | 02/24/35 | EUR | 21 | 34,771 |
Bonds | 3.650(cc) | 02/24/37 | EUR | 440 | 747,210 |
Hellenic Republic Government International Bond, Sr. Unsec’d. Notes | 5.200 | 07/17/34 | EUR | 50 | 88,592 |
949,300 | |||||
Hungary 0.4% | |||||
Hungary Government International Bond, | |||||
Sr. Unsec’d. Notes | 1.750 | 10/10/27 | EUR | 100 | 133,329 |
Sr. Unsec’d. Notes | 4.300 | 12/19/21 | CNH | 300 | 46,751 |
180,080 | |||||
Indonesia 2.4% | |||||
Indonesia Government International Bond, | |||||
Sr. Unsec’d. Notes | 0.900 | 02/14/27 | EUR | 100 | 122,872 |
Sr. Unsec’d. Notes | 1.450 | 09/18/26 | EUR | 100 | 126,654 |
Sr. Unsec’d. Notes | 1.750 | 04/24/25 | EUR | 200 | 256,363 |
Sr. Unsec’d. Notes | 3.375 | 07/30/25 | EUR | 100 | 136,828 |
Sr. Unsec’d. Notes, EMTN | 2.625 | 06/14/23 | EUR | 100 | 128,485 |
Sr. Unsec’d. Notes, EMTN | 4.125 | 01/15/25 | 200 | 223,057 | |
994,259 |
15
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Israel 0.8% | |||||
Israel Government International Bond, | |||||
Sr. Unsec’d. Notes | 2.750 % | 07/03/30 | 200 | $219,194 | |
Sr. Unsec’d. Notes, EMTN | 1.500 | 01/18/27 | EUR | 100 | 132,067 |
351,261 | |||||
Italy 3.8% | |||||
Italy Buoni Poliennali Del Tesoro, | |||||
Bonds, 144A | 2.800 | 03/01/67 | EUR | 105 | 167,302 |
Sr. Unsec’d. Notes, 144A | 1.450 | 03/01/36 | EUR | 120 | 154,776 |
Sr. Unsec’d. Notes, 144A | 3.350 | 03/01/35 | EUR | 250 | 399,143 |
Republic of Italy Government International Bond, | |||||
Sr. Unsec’d. Notes, EMTN | 5.345 | 01/27/48 | EUR | 50 | 105,743 |
Sr. Unsec’d. Notes, EMTN | 6.000 | 08/04/28 | GBP | 100 | 180,496 |
Sr. Unsec’d. Notes, MTN | 5.125 | 07/31/24 | EUR | 350 | 499,282 |
Republic of Italy Government International Bond Strips Coupon, Sr. Unsec’d. Notes | 1.737(s) | 02/20/31 | EUR | 85 | 94,865 |
1,601,607 | |||||
Kazakhstan 0.4% | |||||
Kazakhstan Government International Bond, Sr. Unsec’d. Notes, EMTN | 2.375 | 11/09/28 | EUR | 115 | 158,231 |
Mexico 1.5% | |||||
Mexico Government International Bond, | |||||
Sr. Unsec’d. Notes | 2.875 | 04/08/39 | EUR | 200 | 261,511 |
Sr. Unsec’d. Notes, EMTN | 1.750 | 04/17/28 | EUR | 100 | 127,213 |
Sr. Unsec’d. Notes, GMTN | 6.750 | 02/06/24 | GBP | 150 | 241,599 |
630,323 | |||||
New Zealand 0.2% | |||||
New Zealand Local Government Funding Agency Bond, Local Gov’t. Gtd. Notes | 3.500 | 04/14/33 | NZD | 100 | 85,584 |
Panama 0.5% | |||||
Panama Government International Bond, Sr. Unsec’d. Notes | 3.875 | 03/17/28 | 200 | 226,390 |
16
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Peru 1.3% | |||||
Peruvian Government International Bond, | |||||
Sr. Unsec’d. Notes | 2.392 % | 01/23/26 | 85 | $90,087 | |
Sr. Unsec’d. Notes | 2.750 | 01/30/26 | EUR | 300 | 411,430 |
Sr. Unsec’d. Notes | 6.900 | 08/12/37 | PEN | 100 | 33,355 |
534,872 | |||||
Portugal 2.9% | |||||
Portugal Government International Bond, Sr. Unsec’d. Notes | 4.090 | 06/03/22 | CNH | 600 | 93,511 |
Portugal Obrigacoes do Tesouro OT, | |||||
Sr. Unsec’d. Notes, 144A | 2.250 | 04/18/34 | EUR | 50 | 76,176 |
Sr. Unsec’d. Notes, 144A | 3.875 | 02/15/30 | EUR | 340 | 557,916 |
Sr. Unsec’d. Notes, 144A | 4.100 | 04/15/37 | EUR | 195 | 372,375 |
Sr. Unsec’d. Notes, 144A | 4.100 | 02/15/45 | EUR | 50 | 104,975 |
1,204,953 | |||||
Qatar 0.5% | |||||
Qatar Government International Bond, Sr. Unsec’d. Notes, 144A | 3.400 | 04/16/25 | 200 | 219,953 | |
Romania 0.7% | |||||
Romanian Government International Bond, | |||||
Sr. Unsec’d. Notes, EMTN | 3.500 | 04/03/34 | EUR | 50 | 72,206 |
Sr. Unsec’d. Notes, EMTN | 3.875 | 10/29/35 | EUR | 100 | 148,518 |
Unsec’d. Notes, 144A, MTN | 2.124 | 07/16/31 | EUR | 50 | 64,322 |
285,046 | |||||
Russia 0.6% | |||||
Russian Foreign Bond - Eurobond, Sr. Unsec’d. Notes | 2.875 | 12/04/25 | EUR | 200 | 267,675 |
Saudi Arabia 0.4% | |||||
Saudi Government International Bond, Sr. Unsec’d. Notes, 144A | 2.000 | 07/09/39 | EUR | 125 | 163,846 |
Senegal 0.3% | |||||
Senegal Government International Bond, Sr. Unsec’d. Notes, 144A | 4.750 | 03/13/28 | EUR | 100 | 128,641 |
17
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Serbia 1.8% | |||||
Serbia International Bond, | |||||
Sr. Unsec’d. Notes | 3.125 % | 05/15/27 | EUR | 250 | $338,943 |
Sr. Unsec’d. Notes | 7.250 | 09/28/21 | 200 | 208,325 | |
Sr. Unsec’d. Notes, 144A | 2.125 | 12/01/30 | 200 | 194,014 | |
741,282 | |||||
Spain 2.2% | |||||
Instituto de Credito Oficial, Gov’t. Gtd. Notes, GMTN | 0.963 | 09/22/22 | SEK | 1,000 | 121,476 |
Spain Government Bond, | |||||
Sr. Unsec’d. Notes, 144A | 0.500 | 04/30/30 | EUR | 35 | 44,268 |
Sr. Unsec’d. Notes, 144A | 1.850 | 07/30/35 | EUR | 305 | 444,107 |
Sr. Unsec’d. Notes, 144A | 3.450 | 07/30/66 | EUR | 60 | 129,066 |
Spain Government International Bond, Sr. Unsec’d. Notes, EMTN | 5.250 | 04/06/29 | GBP | 100 | 178,491 |
917,408 | |||||
Sweden 0.3% | |||||
Svensk Exportkredit AB, Sr. Unsec’d. Notes, EMTN | 0.500 | 03/15/22 | ZAR | 2,000 | 125,115 |
Ukraine 0.9% | |||||
Ukraine Government International Bond, | |||||
Sr. Unsec’d. Notes | 6.750 | 06/20/26 | EUR | 200 | 265,161 |
Sr. Unsec’d. Notes, 144A | 4.375 | 01/27/30 | EUR | 100 | 115,287 |
380,448 | |||||
Uruguay 0.3% | |||||
Uruguay Government International Bond, | |||||
Sr. Unsec’d. Notes | 4.375 | 10/27/27 | 39 | 46,083 | |
Sr. Unsec’d. Notes | 4.375 | 01/23/31 | 62 | 75,249 | |
121,332 | |||||
Total Sovereign Bonds (cost $12,400,072) | 14,202,207 |
18
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
U.S. Treasury Obligation(k) 1.9% | |||||
U.S. Treasury Bonds (cost $667,542) | 2.750 % | 08/15/47 | 675 | $812,531 | |
Total Long-Term Investments (cost $36,804,509) | 39,971,830 |
Shares | |||||
Short-Term Investment 2.6% | |||||
Affiliated Mutual Fund | |||||
PGIM Core Ultra Short Bond Fund (cost $1,087,128)(wb) | 1,087,128 | 1,087,128 | |||
TOTAL INVESTMENTS 97.4% (cost $37,891,637) | 41,058,958 | ||||
Other assets in excess of liabilities(z) 2.6% | 1,114,717 | ||||
Net Assets 100.0% | $42,173,675 |
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 | |
COP—Colombian Peso | |
CZK—Czech Koruna | |
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 | |
PLN—Polish Zloty | |
RUB—Russian Ruble | |
SEK—Swedish Krona | |
SGD—Singapore Dollar |
19
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
THB—Thai Baht | |
TRY—Turkish Lira | |
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 | |
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 | |
CDX—Credit Derivative Index | |
CLO—Collateralized Loan Obligation | |
CLOIS—Sinacofi Chile Interbank Rate Average | |
CME—Chicago Mercantile Exchange | |
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 | |
FHLMC—Federal Home Loan Mortgage Corporation | |
GMTN—Global Medium Term Note | |
HIBOR—Hong Kong Interbank Offered Rate | |
HICP—Harmonised Index of Consumer Prices | |
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 | |
LP—Limited Partnership | |
M—Monthly payment frequency for swaps | |
MosPRIME—Moscow Prime Offered Rate | |
MTN—Medium Term Note | |
NIBOR—Norwegian Interbank Offered Rate | |
NSA—Non-Seasonally Adjusted | |
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 | |
SOFR—Secured Overnight Financing 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 | |
USOIS—United States Overnight Index Swap |
20
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
WIBOR—Warsaw Interbank Offered Rate |
# | Principal or notional amount is shown in U.S. dollars unless otherwise stated. |
(c) | Variable rate instrument. The interest rate shown reflects the rate in effect at January 31, 2021. |
(cc) | Variable rate instrument. The rate shown is based on the latest available information as of January 31, 2021. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description. |
(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. |
(oo) | Perpetual security. Maturity date represents next call date. |
(p) | Represents a security with a delayed settlement and therefore the interest rate is not available until settlement which is after the period end. |
(s) | Represents zero coupon bond or principal only security. Rate represents yield to maturity at purchase date. |
(wb) | 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: |
Futures contracts outstanding at January 31, 2021: | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Long Positions: | ||||||||
9 | 5 Year U.S. Treasury Notes | Mar. 2021 | $1,132,875 | $996 | ||||
2 | 10 Year Australian Treasury Bonds | Mar. 2021 | 222,959 | (814) | ||||
1 | 10 Year Canadian Government Bonds | Mar. 2021 | 115,433 | (932) | ||||
9 | 10 Year U.K. Gilt | Mar. 2021 | 1,653,264 | (708) | ||||
4 | 10 Year U.S. Ultra Treasury Notes | Mar. 2021 | 615,313 | (11,458) | ||||
31 | 20 Year U.S. Treasury Bonds | Mar. 2021 | 5,230,281 | (152,017) | ||||
12 | 30 Year U.S. Ultra Treasury Bonds | Mar. 2021 | 2,456,625 | (114,169) | ||||
(279,102) | ||||||||
Short Positions: | ||||||||
3 | 3 Month CME SOFR | Jun. 2022 | 749,550 | 595 | ||||
57 | 2 Year U.S. Treasury Notes | Mar. 2021 | 12,595,664 | (12,374) | ||||
35 | 5 Year Euro-Bobl | Mar. 2021 | 5,744,642 | (6,049) | ||||
11 | 10 Year Euro-Bund | Mar. 2021 | 2,366,119 | (1,782) | ||||
19 | 10 Year U.S. Treasury Notes | Mar. 2021 | 2,603,594 | (11,946) | ||||
59 | Euro Currency | Mar. 2021 | 8,955,463 | (120,257) | ||||
29 | Euro Schatz Index | Mar. 2021 | 3,952,872 | (221) | ||||
(152,034) | ||||||||
$(431,136) |
21
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2021:
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
Brazilian Real, | |||||||||||||
Expiring 02/02/21 | Citibank, N.A. | BRL | 238 | $45,000 | $43,422 | $— | $(1,578) | ||||||
Expiring 02/02/21 | The Toronto-Dominion Bank | BRL | 790 | 147,958 | 144,392 | — | (3,566) | ||||||
British Pound, | |||||||||||||
Expiring 04/19/21 | JPMorgan Chase Bank, N.A. | GBP | 15 | 20,954 | 20,908 | — | (46) | ||||||
Chilean Peso, | |||||||||||||
Expiring 03/17/21 | Citibank, N.A. | CLP | 24,905 | 34,000 | 33,912 | — | (88) | ||||||
Expiring 03/17/21 | Citibank, N.A. | CLP | 3,150 | 4,300 | 4,289 | — | (11) | ||||||
Expiring 03/17/21 | HSBC Bank USA, N.A. | CLP | 23,882 | 33,435 | 32,519 | — | (916) | ||||||
Expiring 03/17/21 | HSBC Bank USA, N.A. | CLP | 17,564 | 24,000 | 23,917 | — | (83) | ||||||
Chinese Renminbi, | |||||||||||||
Expiring 05/14/21 | Citibank, N.A. | CNH | 854 | 122,358 | 131,460 | 9,102 | — | ||||||
Colombian Peso, | |||||||||||||
Expiring 03/17/21 | BNP Paribas S.A. | COP | 106,842 | 31,000 | 29,885 | — | (1,115) | ||||||
Expiring 03/17/21 | Goldman Sachs International | COP | 76,525 | 22,000 | 21,405 | — | (595) | ||||||
Euro, | |||||||||||||
Expiring 02/02/21 | Citibank, N.A. | EUR | 4,409 | 5,356,366 | 5,351,572 | — | (4,794) | ||||||
Expiring 04/19/21 | Morgan Stanley & Co. International PLC | EUR | 18 | 21,602 | 21,580 | — | (22) | ||||||
Indian Rupee, | |||||||||||||
Expiring 03/17/21 | Citibank, N.A. | INR | 2,581 | 34,551 | 35,139 | 588 | — | ||||||
Expiring 03/17/21 | HSBC Bank USA, N.A. | INR | 1,667 | 22,372 | 22,702 | 330 | — | ||||||
Expiring 03/17/21 | JPMorgan Chase Bank, N.A. | INR | 2,041 | 27,398 | 27,787 | 389 | — | ||||||
Expiring 03/17/21 | Morgan Stanley & Co. International PLC | INR | 1,961 | 26,349 | 26,697 | 348 | — | ||||||
Expiring 03/17/21 | Morgan Stanley & Co. International PLC | INR | 1,000 | 13,404 | 13,621 | 217 | — | ||||||
Indonesian Rupiah, | |||||||||||||
Expiring 03/17/21 | HSBC Bank USA, N.A. | IDR | 187,239 | 13,089 | 13,270 | 181 | — | ||||||
Japanese Yen, | |||||||||||||
Expiring 02/02/21 | Morgan Stanley & Co. International PLC | JPY | 29,659 | 285,928 | 283,169 | — | (2,759) | ||||||
Mexican Peso, | |||||||||||||
Expiring 03/17/21 | Morgan Stanley & Co. International PLC | MXN | 2,339 | 114,973 | 113,530 | — | (1,443) | ||||||
Russian Ruble, | |||||||||||||
Expiring 03/17/21 | Barclays Bank PLC | RUB | 1,673 | 22,000 | 22,015 | 15 | — | ||||||
Expiring 03/17/21 | Goldman Sachs International | RUB | 4,934 | 64,924 | 64,932 | 8 | — | ||||||
Expiring 03/17/21 | Morgan Stanley & Co. International PLC | RUB | 4,934 | 65,738 | 64,932 | — | (806) | ||||||
Singapore Dollar, | |||||||||||||
Expiring 03/17/21 | JPMorgan Chase Bank, N.A. | SGD | 63 | 47,042 | 47,280 | 238 | — |
22
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2021 (continued):
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
South African Rand, | |||||||||||||
Expiring 03/17/21 | Barclays Bank PLC | ZAR | 746 | $49,000 | $48,952 | $— | $(48) | ||||||
Expiring 03/17/21 | Citibank, N.A. | ZAR | 532 | 35,000 | 34,964 | — | (36) | ||||||
Expiring 03/17/21 | JPMorgan Chase Bank, N.A. | ZAR | 605 | 40,744 | 39,731 | — | (1,013) | ||||||
Expiring 03/17/21 | Morgan Stanley & Co. International PLC | ZAR | 468 | 30,800 | 30,748 | — | (52) | ||||||
Thai Baht, | |||||||||||||
Expiring 03/17/21 | Citibank, N.A. | THB | 2,356 | 78,381 | 78,695 | 314 | — | ||||||
Expiring 03/17/21 | Citibank, N.A. | THB | 661 | 22,000 | 22,070 | 70 | — | ||||||
Expiring 03/17/21 | JPMorgan Chase Bank, N.A. | THB | 1,699 | 56,169 | 56,752 | 583 | — | ||||||
Turkish Lira, | |||||||||||||
Expiring 03/17/21 | Barclays Bank PLC | TRY | 99 | 12,250 | 13,305 | 1,055 | — | ||||||
Expiring 03/17/21 | JPMorgan Chase Bank, N.A. | TRY | 279 | 34,371 | 37,459 | 3,088 | — | ||||||
$6,959,456 | $6,957,011 | 16,526 | (18,971) |
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 04/20/21 | Barclays Bank PLC | AUD | 424 | $327,904 | $324,106 | $3,798 | $— | ||||||
Brazilian Real, | |||||||||||||
Expiring 02/02/21 | BNP Paribas S.A. | BRL | 135 | 25,886 | 24,626 | 1,260 | — | ||||||
Expiring 02/02/21 | Citibank, N.A. | BRL | 893 | 173,887 | 163,188 | 10,699 | — | ||||||
Expiring 03/02/21 | The Toronto-Dominion Bank | BRL | 790 | 147,855 | 144,281 | 3,574 | — | ||||||
British Pound, | |||||||||||||
Expiring 04/19/21 | Citibank, N.A. | GBP | 358 | 489,576 | 491,381 | — | (1,805) | ||||||
Expiring 04/19/21 | Morgan Stanley & Co. International PLC | GBP | 358 | 489,713 | 491,381 | — | (1,668) | ||||||
Canadian Dollar, | |||||||||||||
Expiring 04/20/21 | Citibank, N.A. | CAD | 535 | 421,158 | 418,718 | 2,440 | — | ||||||
Chilean Peso, | |||||||||||||
Expiring 03/17/21 | BNP Paribas S.A. | CLP | 28,964 | 38,894 | 39,440 | — | (546) | ||||||
Expiring 03/17/21 | HSBC Bank USA, N.A. | CLP | 57,929 | 77,509 | 78,879 | — | (1,370) | ||||||
Expiring 03/17/21 | Morgan Stanley & Co. International PLC | CLP | 28,964 | 38,886 | 39,440 | — | (554) | ||||||
Chinese Renminbi, | |||||||||||||
Expiring 02/08/21 | Barclays Bank PLC | CNH | 186 | 28,521 | 28,778 | — | (257) | ||||||
Expiring 02/08/21 | HSBC Bank USA, N.A. | CNH | 2,273 | 337,931 | 352,345 | — | (14,414) | ||||||
Expiring 02/08/21 | HSBC Bank USA, N.A. | CNH | 719 | 109,000 | 111,489 | — | (2,489) | ||||||
Expiring 05/14/21 | JPMorgan Chase Bank, N.A. | CNH | 854 | 122,556 | 131,459 | — | (8,903) |
23
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2021 (continued):
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Colombian Peso, | |||||||||||||
Expiring 03/17/21 | BNP Paribas S.A. | COP | 391,630 | $109,512 | $109,543 | $— | $(31) | ||||||
Euro, | |||||||||||||
Expiring 02/02/21 | Citibank, N.A. | EUR | 4,409 | 5,344,556 | 5,351,572 | — | (7,016) | ||||||
Expiring 03/02/21 | Citibank, N.A. | EUR | 4,409 | 5,359,642 | 5,354,679 | 4,963 | — | ||||||
Expiring 03/02/21 | Citibank, N.A. | EUR | 67 | 80,891 | 80,930 | — | (39) | ||||||
Hungarian Forint, | |||||||||||||
Expiring 04/19/21 | Citibank, N.A. | HUF | 15,164 | 51,094 | 51,511 | — | (417) | ||||||
Indian Rupee, | |||||||||||||
Expiring 03/17/21 | Barclays Bank PLC | INR | 1,030 | 13,960 | 14,026 | — | (66) | ||||||
Expiring 03/17/21 | Citibank, N.A. | INR | 2,408 | 32,572 | 32,781 | — | (209) | ||||||
Expiring 03/17/21 | HSBC Bank USA, N.A. | INR | 3,493 | 47,000 | 47,561 | — | (561) | ||||||
Expiring 03/17/21 | JPMorgan Chase Bank, N.A. | INR | 2,308 | 31,000 | 31,420 | — | (420) | ||||||
Indonesian Rupiah, | |||||||||||||
Expiring 03/17/21 | Citibank, N.A. | IDR | 629,720 | 44,309 | 44,631 | — | (322) | ||||||
Expiring 03/17/21 | HSBC Bank USA, N.A. | IDR | 642,645 | 45,000 | 45,547 | — | (547) | ||||||
Expiring 03/17/21 | HSBC Bank USA, N.A. | IDR | 441,254 | 31,000 | 31,274 | — | (274) | ||||||
Israeli Shekel, | |||||||||||||
Expiring 03/17/21 | Barclays Bank PLC | ILS | 55 | 17,000 | 16,869 | 131 | — | ||||||
Expiring 03/17/21 | Barclays Bank PLC | ILS | 39 | 12,000 | 11,877 | 123 | — | ||||||
Japanese Yen, | |||||||||||||
Expiring 02/02/21 | Morgan Stanley & Co. International PLC | JPY | 29,659 | 286,045 | 283,168 | 2,877 | — | ||||||
Expiring 03/02/21 | Morgan Stanley & Co. International PLC | JPY | 29,659 | 286,010 | 283,237 | 2,773 | — | ||||||
Mexican Peso, | |||||||||||||
Expiring 03/17/21 | Citibank, N.A. | MXN | 715 | 35,462 | 34,705 | 757 | — | ||||||
Expiring 03/17/21 | HSBC Bank USA, N.A. | MXN | 1,352 | 66,607 | 65,592 | 1,015 | — | ||||||
Expiring 03/17/21 | JPMorgan Chase Bank, N.A. | MXN | 715 | 35,000 | 34,689 | 311 | — | ||||||
Expiring 03/17/21 | Morgan Stanley & Co. International PLC | MXN | 483 | 24,000 | 23,457 | 543 | — | ||||||
New Zealand Dollar, | |||||||||||||
Expiring 04/20/21 | JPMorgan Chase Bank, N.A. | NZD | 165 | 118,491 | 118,637 | — | (146) | ||||||
Norwegian Krone, | |||||||||||||
Expiring 04/19/21 | Barclays Bank PLC | NOK | 110 | 12,979 | 12,890 | 89 | — | ||||||
Peruvian Nuevo Sol, | |||||||||||||
Expiring 03/17/21 | BNP Paribas S.A. | PEN | 72 | 20,148 | 19,862 | 286 | — | ||||||
Polish Zloty, | |||||||||||||
Expiring 04/19/21 | Barclays Bank PLC | PLN | 180 | 48,329 | 48,276 | 53 | — | ||||||
Russian Ruble, | |||||||||||||
Expiring 03/17/21 | Barclays Bank PLC | RUB | 2,656 | 36,000 | 34,946 | 1,054 | — | ||||||
Expiring 03/17/21 | Citibank, N.A. | RUB | 4,387 | 58,000 | 57,732 | 268 | — |
24
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2021 (continued):
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Russian Ruble (cont’d.), | |||||||||||||
Expiring 03/17/21 | Morgan Stanley & Co. International PLC | RUB | 3,936 | $53,000 | $51,800 | $1,200 | $— | ||||||
Expiring 03/17/21 | Morgan Stanley & Co. International PLC | RUB | 551 | 7,400 | 7,251 | 149 | — | ||||||
Singapore Dollar, | |||||||||||||
Expiring 03/17/21 | JPMorgan Chase Bank, N.A. | SGD | 84 | 63,000 | 63,309 | — | (309) | ||||||
South African Rand, | |||||||||||||
Expiring 03/17/21 | Citibank, N.A. | ZAR | 2,293 | 148,047 | 150,579 | — | (2,532) | ||||||
Expiring 03/17/21 | Morgan Stanley & Co. International PLC | ZAR | 3,822 | 249,184 | 250,965 | — | (1,781) | ||||||
South Korean Won, | |||||||||||||
Expiring 03/17/21 | JPMorgan Chase Bank, N.A. | KRW | 23,387 | 21,498 | 20,912 | 586 | — | ||||||
Swedish Krona, | |||||||||||||
Expiring 04/19/21 | Barclays Bank PLC | SEK | 1,552 | 186,138 | 185,853 | 285 | — | ||||||
Swiss Franc, | |||||||||||||
Expiring 04/19/21 | JPMorgan Chase Bank, N.A. | CHF | 187 | 211,204 | 210,380 | 824 | — | ||||||
Thai Baht, | |||||||||||||
Expiring 03/17/21 | JPMorgan Chase Bank, N.A. | THB | 1,835 | 61,000 | 61,318 | — | (318) | ||||||
Expiring 03/17/21 | JPMorgan Chase Bank, N.A. | THB | 1,827 | 61,120 | 61,050 | 70 | — | ||||||
Expiring 03/17/21 | JPMorgan Chase Bank, N.A. | THB | 1,232 | 41,000 | 41,149 | — | (149) | ||||||
Turkish Lira, | |||||||||||||
Expiring 03/17/21 | Citibank, N.A. | TRY | 229 | 28,000 | 30,758 | — | (2,758) | ||||||
Expiring 03/17/21 | JPMorgan Chase Bank, N.A. | TRY | 156 | 19,000 | 20,859 | — | (1,859) | ||||||
$16,225,474 | $16,237,106 | 40,128 | (51,760) | ||||||||||
$56,654 | $(70,731) |
Credit default swap agreements outstanding at January 31, 2021:
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at January 31, 2021(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 | 0.160% | $2,064 | $(78) | $2,142 | Citibank, N.A. | |||||||||
People’s Republic of China | 12/20/22 | 1.000%(Q) | 400 | 0.100% | 7,339 | (259) | 7,598 | Citibank, N.A. | |||||||||
Republic of Brazil | 12/20/22 | 1.000%(Q) | 600 | 0.851% | 2,392 | (389) | 2,781 | Citibank, N.A. | |||||||||
Republic of Chile | 12/20/22 | 1.000%(Q) | 120 | 0.169% | 2,042 | (78) | 2,120 | Citibank, N.A. |
25
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Credit default swap agreements outstanding at January 31, 2021 (continued):
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at January 31, 2021(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 Colombia | 12/20/22 | 1.000%(Q) | 160 | 0.472% | $1,793 | $(104) | $1,897 | Citibank, N.A. | |||||||||
Republic of Indonesia | 12/20/22 | 1.000%(Q) | 160 | 0.270% | 2,412 | (104) | 2,516 | Citibank, N.A. | |||||||||
Republic of Panama | 12/20/22 | 1.000%(Q) | 120 | 0.176% | 2,028 | (78) | 2,106 | Citibank, N.A. | |||||||||
Republic of Peru | 12/20/22 | 1.000%(Q) | 120 | 0.219% | 1,927 | (78) | 2,005 | Citibank, N.A. | |||||||||
Republic of Philippines | 12/20/22 | 1.000%(Q) | 120 | 0.151% | 2,085 | (78) | 2,163 | Citibank, N.A. | |||||||||
Republic of South Africa | 12/20/22 | 1.000%(Q) | 360 | 1.082% | (136) | (233) | 97 | Citibank, N.A. | |||||||||
Republic of Turkey | 12/20/22 | 1.000%(Q) | 600 | 2.328% | (14,140) | (389) | (13,751) | Citibank, N.A. | |||||||||
Russian Federation | 12/20/22 | 1.000%(Q) | 360 | 0.444% | 4,226 | (233) | 4,459 | Citibank, N.A. | |||||||||
United Mexican States | 12/20/22 | 1.000%(Q) | 520 | 0.354% | 7,003 | (337) | 7,340 | Citibank, N.A. | |||||||||
$21,035 | $(2,438) | $23,473 |
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.V3 | 12/20/22 | 1.000%(Q) | 3,760 | $(20,550) | $(670) | $(19,880) | Citibank, N.A. |
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 | 06/20/23 | 1.000%(Q) | EUR | 100 | $(1,045) | $3,220 | $(4,265) | Barclays Bank PLC | ||||||||
Republic of Italy | 06/20/23 | 1.000%(Q) | EUR | 90 | (1,668) | 629 | (2,297) | Barclays Bank PLC | ||||||||
Republic of Italy | 06/20/28 | 1.000%(Q) | EUR | 45 | (246) | 2,073 | (2,319) | Barclays Bank PLC | ||||||||
$(2,959) | $5,922 | $(8,881) |
26
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Credit default swap agreements outstanding at January 31, 2021 (continued):
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at January 31, 2021(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): | |||||||||||||||||
Boeing Co. | 12/20/21 | 1.000%(Q) | 100 | 0.791% | $307 | $480 | $(173) | Bank of America, N.A. | |||||||||
Commonwealth of Australia | 12/20/24 | 1.000%(Q) | 100 | 0.118% | 3,573 | 2,092 | 1,481 | Barclays Bank PLC | |||||||||
DP World PLC | 12/20/24 | 1.000%(Q) | 100 | 0.999% | 120 | 365 | (245) | Barclays Bank PLC | |||||||||
Kingdom of Spain | 06/20/25 | 1.000%(Q) | 1,000 | 0.387% | 28,026 | (8,087) | 36,113 | Bank of America, N.A. | |||||||||
Kingdom of Spain | 06/20/25 | 1.000%(Q) | 170 | 0.387% | 4,765 | (1,434) | 6,199 | Bank of America, N.A. | |||||||||
Kingdom of Spain | 06/20/25 | 1.000%(Q) | 15 | 0.387% | 420 | 172 | 248 | Barclays Bank PLC | |||||||||
Kingdom of Spain | 12/20/25 | 1.000%(Q) | 50 | 0.427% | 1,451 | 957 | 494 | JPMorgan Chase Bank, N.A. | |||||||||
Kingdom of Spain | 06/20/30 | 1.000%(Q) | 100 | 0.705% | 2,723 | (352) | 3,075 | Credit Suisse International | |||||||||
Republic of Indonesia | 06/20/23 | 1.000%(Q) | 475 | 0.351% | 7,962 | (1,455) | 9,417 | Citibank, N.A. | |||||||||
Republic of Kazakhstan | 06/20/23 | 1.000%(Q) | 85 | 0.295% | 1,540 | — | 1,540 | Citibank, N.A. | |||||||||
Republic of Panama | 06/20/21 | 1.000%(Q) | 55 | 0.088% | 262 | 182 | 80 | Citibank, N.A. | |||||||||
Republic of Portugal | 12/20/23 | 1.000%(Q) | 50 | 0.222% | 1,189 | (16) | 1,205 | Morgan Stanley & Co. International PLC | |||||||||
Republic of South Africa | 12/20/23 | 1.000%(Q) | 300 | 1.533% | (4,217) | (9,311) | 5,094 | Bank of America, N.A. | |||||||||
Republic of Ukraine | 12/20/23 | 5.000%(Q) | 100 | 3.309% | 5,243 | 4,127 | 1,116 | Deutsche Bank AG | |||||||||
Republic of Ukraine | 12/20/24 | 5.000%(Q) | 100 | 3.521% | 5,940 | 6,161 | (221) | HSBC Bank USA, N.A. | |||||||||
Republic of Ukraine | 06/20/25 | 5.000%(Q) | 90 | 3.638% | 5,463 | (882) | 6,345 | Barclays Bank PLC | |||||||||
Russian Federation | 12/20/22 | 1.000%(Q) | 50 | 0.444% | 587 | (50) | 637 | Citibank, N.A. | |||||||||
Russian Federation | 06/20/23 | 1.000%(Q) | 150 | 0.530% | 1,867 | (1,374) | 3,241 | Morgan Stanley & Co. International PLC | |||||||||
Russian Federation | 06/20/23 | 1.000%(Q) | 100 | 0.530% | 1,244 | (768) | 2,012 | Morgan Stanley & Co. International PLC |
27
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Credit default swap agreements outstanding at January 31, 2021 (continued):
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at January 31, 2021(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.): | |||||||||||||||||
Russian Federation | 06/20/23 | 1.000%(Q) | 50 | 0.530% | $622 | $(451) | $1,073 | BNP Paribas S.A. | |||||||||
State of Illinois | 06/20/21 | 1.000%(Q) | 1,000 | 1.977% | (2,616) | 532 | (3,148) | Citibank, N.A. | |||||||||
$66,471 | $(9,112) | $75,583 |
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. |
* | When an implied credit spread is not available, reference the fair value of credit default swap agreements on credit |
28
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
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, 2021: | ||||||||||||||||||
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 | $12,653 | $— | $12,653 |
Inflation swap agreements outstanding at January 31, 2021: | ||||||||||||||
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2021 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Inflation Swap Agreements: | ||||||||||||||
EUR | 200 | 05/15/23 | 1.485%(T) | France CPI ex Tobacco Household(1)(T) | $— | $(8,903) | $(8,903) | |||||||
EUR | 200 | 05/15/23 | 1.510%(T) | Eurostat Eurozone HICP ex Tobacco(2)(T) | — | 7,230 | 7,230 | |||||||
100 | 01/13/31 | 2.230%(T) | U.S. CPI Urban Consumers NSA Index(2)(T) | — | (1,172) | (1,172) | ||||||||
$— | $(2,845) | $(2,845) |
(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, 2021:
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2021 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements: | ||||||||||||||
AUD | 400 | 12/18/27 | 2.696%(S) | 6 Month BBSW(2)(S) | $— | $41,510 | $41,510 | |||||||
AUD | 100 | 11/27/28 | 2.847%(S) | 6 Month BBSW(2)(S) | (1) | 11,938 | 11,939 | |||||||
AUD | 230 | 12/03/29 | 2.700%(S) | 6 Month BBSW(2)(S) | 19,971 | 26,356 | 6,385 | |||||||
BRL | 287 | 01/02/25 | 6.540%(T) | 1 Day BROIS(2)(T) | — | 3,249 | 3,249 | |||||||
BRL | 1,638 | 01/02/25 | 6.670%(T) | 1 Day BROIS(2)(T) | — | 20,819 | 20,819 | |||||||
BRL | 306 | 01/02/25 | 8.690%(T) | 1 Day BROIS(2)(T) | — | 11,941 | 11,941 | |||||||
BRL | 569 | 01/02/25 | 9.943%(T) | 1 Day BROIS(2)(T) | — | 39,533 | 39,533 | |||||||
BRL | 609 | 01/02/25 | 11.080%(T) | 1 Day BROIS(2)(T) | — | 49,740 | 49,740 | |||||||
BRL | 98 | 01/02/25 | 12.090%(T) | 1 Day BROIS(2)(T) | — | 9,329 | 9,329 | |||||||
BRL | 1,220 | 01/04/27 | 6.493%(T) | 1 Day BROIS(2)(T) | — | 5,946 | 5,946 |
29
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2021 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2021 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
BRL | 661 | 01/04/27 | 6.820%(T) | 1 Day BROIS(2)(T) | $— | $2,589 | $2,589 | |||||||
BRL | 1,909 | 01/02/29 | 7.250%(T) | 1 Day BROIS(2)(T) | — | 14,920 | 14,920 | |||||||
CAD | 255 | 05/08/22 | 1.367%(S) | 3 Month CDOR(2)(S) | (3,880) | 2,736 | 6,616 | |||||||
CAD | 600 | 04/03/25 | 0.970%(S) | 3 Month CDOR(2)(S) | (575) | 4,343 | 4,918 | |||||||
CAD | 80 | 12/03/28 | 2.600%(S) | 3 Month CDOR(2)(S) | 646 | 6,972 | 6,326 | |||||||
CAD | 50 | 01/09/38 | 2.720%(S) | 3 Month CDOR(2)(S) | (1) | 5,725 | 5,726 | |||||||
CAD | 120 | 12/03/40 | 2.800%(S) | 3 Month CDOR(2)(S) | 18,129 | 15,988 | (2,141) | |||||||
CAD | 50 | 05/30/47 | 2.240%(S) | 3 Month CDOR(2)(S) | (1,534) | 3,181 | 4,715 | |||||||
CHF | 70 | 04/03/28 | 0.410%(A) | 6 Month CHF LIBOR(2)(S) | 160 | 5,189 | 5,029 | |||||||
CHF | 130 | 01/31/29 | 0.260%(A) | 6 Month CHF LIBOR(2)(S) | — | 8,213 | 8,213 | |||||||
CHF | 40 | 04/03/33 | 0.687%(A) | 6 Month CHF LIBOR(2)(S) | 1,516 | 5,008 | 3,492 | |||||||
CLP | 30,200 | 07/12/29 | 3.135%(S) | 1 Day CLOIS(2)(S) | — | 2,589 | 2,589 | |||||||
CLP | 91,000 | 11/22/29 | 3.203%(S) | 1 Day CLOIS(2)(S) | — | 7,993 | 7,993 | |||||||
CLP | 100,000 | 02/10/30 | 3.010%(S) | 1 Day CLOIS(2)(S) | — | 8,065 | 8,065 | |||||||
CNH | 700 | 08/15/23 | 3.115%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (6) | 1,463 | 1,469 | |||||||
CNH | 700 | 03/13/24 | 2.945%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (1) | 977 | 978 | |||||||
CNH | 1,400 | 04/01/24 | 2.923%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | — | 1,739 | 1,739 | |||||||
CNH | 1,440 | 06/03/24 | 2.975%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | — | 2,304 | 2,304 | |||||||
CNH | 2,220 | 06/20/24 | 2.900%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (3) | 2,485 | 2,488 | |||||||
CNH | 1,500 | 09/03/24 | 2.860%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (1) | 1,441 | 1,442 | |||||||
CNH | 1,500 | 10/10/24 | 2.860%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (1) | 1,240 | 1,241 | |||||||
CNH | 1,680 | 11/01/24 | 3.120%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (5) | 4,207 | 4,212 | |||||||
CNH | 1,200 | 02/04/25 | 2.600%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | — | (804) | (804) | |||||||
CNH | 2,800 | 03/06/25 | 2.425%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (8) | (5,105) | (5,097) | |||||||
CNH | 5,000 | 03/12/25 | 2.400%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (2) | (10,192) | (10,190) | |||||||
CNH | 3,200 | 07/13/25 | 2.653%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (4) | (2,010) | (2,006) | |||||||
CNH | 5,910 | 11/02/25 | 2.588%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | 16 | (6,898) | (6,914) |
30
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2021 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2021 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
COP | 498,340 | 07/27/28 | 6.200%(Q) | 1 Day COOIS(2)(Q) | $12,223 | $23,701 | $11,478 | |||||||
CZK | 6,100 | 01/31/24 | 1.930%(A) | 6 Month PRIBOR(1)(S) | — | (14,408) | (14,408) | |||||||
CZK | 5,145 | 03/31/30 | 0.710%(A) | 6 Month PRIBOR(2)(S) | — | (10,819) | (10,819) | |||||||
EUR | 200 | 05/11/25 | 0.100%(A) | 1 Day EONIA(1)(A) | (4,878) | (7,269) | (2,391) | |||||||
EUR | 350 | 04/27/30 | (0.016)%(A) | 6 Month EURIBOR(2)(S) | — | 9,054 | 9,054 | |||||||
EUR | 235 | 10/30/32 | 1.302%(A) | 6 Month EURIBOR(2)(S) | 5,286 | 49,620 | 44,334 | |||||||
EUR | 430 | 05/11/33 | 1.000%(A) | 6 Month EURIBOR(2)(S) | (9,353) | 75,366 | 84,719 | |||||||
EUR | 110 | 05/05/39 | 0.045%(A) | 6 Month EURIBOR(2)(S) | — | (1,071) | (1,071) | |||||||
EUR | 120 | 05/11/49 | 1.450%(A) | 6 Month EURIBOR(2)(S) | 5,966 | 56,834 | 50,868 | |||||||
GBP | 225 | 05/08/46 | 1.250%(A) | 1 Day SONIA(2)(A) | 52,032 | 59,171 | 7,139 | |||||||
GBP | 35 | 09/03/50 | 0.328%(A) | 1 Day SONIA(2)(A) | — | (1,964) | (1,964) | |||||||
HKD | 2,090 | 03/13/21 | 2.138%(Q) | 3 Month HIBOR(2)(Q) | 1 | 1,249 | 1,248 | |||||||
HKD | 2,350 | 03/13/21 | 2.145%(Q) | 3 Month HIBOR(2)(Q) | — | 1,410 | 1,410 | |||||||
HKD | 1,295 | 09/03/26 | 1.538%(Q) | 3 Month HIBOR(1)(Q) | (7) | (9,077) | (9,070) | |||||||
HUF | 43,000 | 03/18/26 | 2.140%(A) | 6 Month BUBOR(2)(S) | 7,892 | 8,453 | 561 | |||||||
HUF | 90,865 | 06/12/28 | 3.750%(A) | 6 Month BUBOR(2)(S) | — | 28,016 | 28,016 | |||||||
HUF | 23,000 | 07/15/29 | 1.650%(A) | 6 Month BUBOR(2)(S) | — | 712 | 712 | |||||||
HUF | 33,000 | 02/13/30 | 1.595%(A) | 6 Month BUBOR(2)(S) | — | 447 | 447 | |||||||
JPY | 59,000 | 12/18/27 | 0.290%(S) | 6 Month JPY LIBOR(2)(S) | — | 11,853 | 11,853 | |||||||
JPY | 100,000 | 11/12/28 | 0.011%(S) | 6 Month JPY LIBOR(2)(S) | — | 242 | 242 | |||||||
JPY | 53,000 | 12/18/32 | 0.516%(S) | 6 Month JPY LIBOR(2)(S) | — | 24,215 | 24,215 | |||||||
JPY | 176,500 | 12/18/37 | 0.715%(S) | 6 Month JPY LIBOR(2)(S) | — | 125,840 | 125,840 | |||||||
JPY | 10,055 | 01/04/38 | 0.757%(S) | 6 Month JPY LIBOR(2)(S) | 2,525 | 7,868 | 5,343 |
31
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2021 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2021 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
JPY | 11,780 | 12/03/38 | 0.600%(S) | 6 Month JPY LIBOR(2)(S) | $2,453 | $6,064 | $3,611 | |||||||
JPY | 10,000 | 10/04/39 | 0.203%(S) | 6 Month JPY LIBOR(2)(S) | — | (2,037) | (2,037) | |||||||
JPY | 21,500 | 12/03/39 | 0.650%(S) | 6 Month JPY LIBOR(2)(S) | 13,536 | 12,628 | (908) | |||||||
JPY | 20,000 | 02/06/40 | 0.223%(S) | 6 Month JPY LIBOR(2)(S) | — | (3,643) | (3,643) | |||||||
JPY | 5,000 | 07/04/43 | 0.763%(S) | 6 Month JPY LIBOR(2)(S) | — | 3,847 | 3,847 | |||||||
JPY | 16,700 | 12/18/47 | 0.918%(S) | 6 Month JPY LIBOR(2)(S) | — | 19,251 | 19,251 | |||||||
KRW | 209,000 | 09/10/28 | 2.043%(Q) | 3 Month KWCDC(2)(Q) | 8,667 | 11,590 | 2,923 | |||||||
KRW | 118,000 | 02/13/29 | 1.780%(Q) | 3 Month KWCDC(2)(Q) | — | 4,616 | 4,616 | |||||||
KRW | 33,500 | 04/17/29 | 1.740%(Q) | 3 Month KWCDC(2)(Q) | — | 1,168 | 1,168 | |||||||
KRW | 184,000 | 04/27/30 | 1.065%(Q) | 3 Month KWCDC(2)(Q) | — | (3,482) | (3,482) | |||||||
MXN | 1,150 | 12/23/27 | 7.845%(M) | 28 Day Mexican Interbank Rate(2)(M) | — | 9,238 | 9,238 | |||||||
MXN | 4,080 | 02/27/29 | 8.260%(M) | 28 Day Mexican Interbank Rate(2)(M) | 1,022 | 40,723 | 39,701 | |||||||
NOK | 1,680 | 03/15/27 | 2.103%(A) | 6 Month NIBOR(2)(S) | 4,748 | 14,914 | 10,166 | |||||||
NOK | 1,000 | 11/05/29 | 1.863%(A) | 6 Month NIBOR(2)(S) | — | 5,780 | 5,780 | |||||||
NZD | 210 | 11/28/28 | 2.950%(S) | 3 Month BBR(2)(Q) | — | 23,361 | 23,361 | |||||||
NZD | 100 | 07/22/29 | 1.768%(S) | 3 Month BBR(2)(Q) | — | 4,281 | 4,281 | |||||||
NZD | 100 | 11/05/29 | 1.393%(S) | 3 Month BBR(2)(Q) | — | 2,121 | 2,121 | |||||||
PLN | 1,030 | 08/24/23 | 2.390%(A) | 6 Month WIBOR(2)(S) | — | 17,111 | 17,111 | |||||||
PLN | 2,100 | 09/09/23 | 1.900%(A) | 6 Month WIBOR(2)(S) | (13,074) | 26,485 | 39,559 | |||||||
PLN | 850 | 11/13/23 | 2.570%(A) | 6 Month WIBOR(2)(S) | — | 15,136 | 15,136 | |||||||
PLN | 1,120 | 06/21/24 | 1.750%(A) | 6 Month WIBOR(2)(S) | — | 16,326 | 16,326 | |||||||
PLN | 45 | 07/11/28 | 2.935%(A) | 6 Month WIBOR(2)(S) | — | 1,921 | 1,921 |
32
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2021 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2021 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
SEK | 2,000 | 04/25/23 | 0.750%(A) | 3 Month STIBOR(2)(Q) | $2,538 | $5,657 | $3,119 | |||||||
SEK | 2,325 | 06/22/27 | 1.031%(A) | 3 Month STIBOR(2)(Q) | (289) | 16,423 | 16,712 | |||||||
SEK | 410 | 07/12/29 | 0.585%(A) | 3 Month STIBOR(2)(Q) | — | 1,144 | 1,144 | |||||||
SEK | 1,000 | 11/05/29 | 0.457%(A) | 3 Month STIBOR(2)(Q) | — | 1,097 | 1,097 | |||||||
SGD | 135 | 03/19/24 | 2.025%(S) | 6 Month SIBOR(2)(S) | — | 5,253 | 5,253 | |||||||
SGD | 90 | 02/14/29 | 2.285%(S) | 6 Month SIBOR(2)(S) | — | 7,468 | 7,468 | |||||||
THB | 3,000 | 07/03/30 | 1.028%(S) | 6 Month BIBOR(2)(S) | — | (897) | (897) | |||||||
980 | 03/16/21 | 0.109%(A) | 1 Day USOIS(1)(A) | — | (274) | (274) | ||||||||
1,012 | 06/09/21 | 0.395%(A) | 1 Day USOIS(1)(A) | — | (3,248) | (3,248) | ||||||||
1,500 | 09/12/21 | 0.260%(A) | 1 Day USOIS(1)(A) | — | (2,822) | (2,822) | ||||||||
990 | 03/10/22 | 0.330%(A) | 1 Day USOIS(1)(A) | — | (4,913) | (4,913) | ||||||||
2,000 | 08/31/22 | 2.550%(A) | 1 Day USOIS(1)(A) | — | (100,659) | (100,659) | ||||||||
2,180 | 11/09/22 | 0.061%(A) | 1 Day SOFR(1)(A) | — | (75) | (75) | ||||||||
1,450 | 10/30/23 | 0.072%(A) | 1 Day USOIS(1)(A) | — | 1,526 | 1,526 | ||||||||
1,770 | 11/02/23 | 0.070%(A) | 1 Day USOIS(1)(A) | — | 2,027 | 2,027 | ||||||||
1,795 | 11/06/23 | 0.063%(A) | 1 Day USOIS(1)(A) | — | 2,453 | 2,453 | ||||||||
1,595 | 11/09/23 | 0.064%(A) | 1 Day USOIS(1)(A) | — | 2,159 | 2,159 | ||||||||
473 | 05/31/24 | 1.350%(A) | 1 Day USOIS(1)(A) | — | (23,133) | (23,133) | ||||||||
ZAR | 9,210 | 03/13/21 | 7.180%(Q) | 3 Month JIBAR(2)(Q) | (1) | 5,666 | 5,667 | |||||||
ZAR | 8,270 | 03/13/24 | 7.500%(Q) | 3 Month JIBAR(1)(Q) | 7 | (55,078) | (55,085) | |||||||
ZAR | 3,700 | 11/07/27 | 8.360%(Q) | 3 Month JIBAR(2)(Q) | 3,000 | 40,734 | 37,734 | |||||||
ZAR | 3,200 | 07/16/28 | 8.170%(Q) | 3 Month JIBAR(2)(Q) | (40) | 29,862 | 29,902 | |||||||
ZAR | 2,460 | 03/13/29 | 8.055%(Q) | 3 Month JIBAR(2)(Q) | (8) | 21,402 | 21,410 | |||||||
ZAR | 5,000 | 11/01/29 | 7.820%(Q) | 3 Month JIBAR(2)(Q) | (33) | 37,296 | 37,329 | |||||||
ZAR | 3,850 | 09/15/30 | 6.940%(Q) | 3 Month JIBAR(2)(Q) | (45) | 7,406 | 7,451 | |||||||
$128,584 | $968,035 | $839,451 |
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Fair Value | Upfront Premiums Paid(Received) | Unrealized Appreciation (Depreciation) | Counterparty | ||||||||
OTC Interest Rate Swap Agreements: | |||||||||||||||
CLP | 95,000 | 12/20/27 | 4.260%(S) | 1 Day CLOIS(2)(S) | $19,766 | $— | $19,766 | JPMorgan Chase Bank, N.A. | |||||||
CLP | 100,000 | 05/17/28 | 4.270%(S) | 1 Day CLOIS(2)(S) | 21,683 | — | 21,683 | Citibank, N.A. |
33
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2021 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Fair Value | Upfront Premiums Paid(Received) | Unrealized Appreciation (Depreciation) | Counterparty | ||||||||
OTC Interest Rate Swap Agreements (cont’d.): | |||||||||||||||
COP | 503,000 | 08/03/28 | 6.160%(Q) | 1 Day COOIS(2)(Q) | $25,035 | $— | $25,035 | JPMorgan Chase Bank, N.A. | |||||||
COP | 453,700 | 07/12/29 | 5.165%(Q) | 1 Day COOIS(2)(Q) | 12,463 | — | 12,463 | Morgan Stanley & Co. International PLC | |||||||
ILS | 410 | 07/13/27 | 0.395%(A) | 3 Month TELBOR(2)(Q) | (431) | — | (431) | Goldman Sachs International | |||||||
ILS | 550 | 04/26/28 | 1.915%(A) | 3 Month TELBOR(2)(Q) | 18,549 | — | 18,549 | BNP Paribas S.A. | |||||||
ILS | 510 | 07/16/28 | 2.045%(A) | 3 Month TELBOR(2)(Q) | 18,243 | — | 18,243 | JPMorgan Chase Bank, N.A. | |||||||
ILS | 270 | 07/12/29 | 1.411%(A) | 3 Month TELBOR(2)(Q) | 5,437 | — | 5,437 | Citibank, N.A. | |||||||
ILS | 450 | 04/24/30 | 0.710%(A) | 3 Month TELBOR(2)(Q) | (58) | (4) | (54) | Goldman Sachs International | |||||||
MYR | 200 | 07/11/29 | 3.528%(Q) | 3 Month KLIBOR(2)(Q) | 4,454 | — | 4,454 | Morgan Stanley & Co. International PLC | |||||||
RUB | 15,000 | 01/12/26 | 6.360%(A) | 3 Month MosPRIME(2)(Q) | (194) | — | (194) | Morgan Stanley & Co. International PLC | |||||||
THB | 6,000 | 07/04/24 | 1.590%(S) | 6 Month BIBOR(2)(S) | 7,247 | — | 7,247 | Morgan Stanley & Co. International PLC | |||||||
THB | 1,000 | 05/07/25 | 0.795%(S) | 6 Month BIBOR(2)(S) | 210 | — | 210 | HSBC Bank USA, N.A. | |||||||
$132,404 | $(4) | $132,408 |
(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).
34