PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Long-Term Investments 98.0% | |||||
Asset-Backed Securities 9.5% | |||||
Canada 0.1% | |||||
Fairstone Financial Issuance Trust, Series 2020-01A, Class A, 144A | 2.509 % | 10/20/39 | CAD | 1,500 | $1,107,731 |
Ford Auto Securitization Trust, | |||||
Series 2020-AA, Class B, 144A | 1.872 | 06/15/26 | CAD | 400 | 295,914 |
Series 2020-AA, Class C, 144A | 2.763 | 04/15/28 | CAD | 500 | 372,367 |
1,776,012 | |||||
Cayman Islands 2.7% | |||||
Battalion CLO Ltd., Series 2015-08A, Class A1R2, 144A, 3 Month LIBOR + 1.070% (Cap N/A, Floor 1.070%) | 3.810(c) | 07/18/30 | 5,500 | 5,414,911 | |
Carlyle CLO Ltd., Series C17A, Class A1AR, 144A, 3 Month LIBOR + 1.030% (Cap N/A, Floor 0.000%) | 3.812(c) | 04/30/31 | 15,000 | 14,693,314 | |
Carlyle US CLO Ltd., Series 2018-01A, Class A1, 144A, 3 Month LIBOR + 1.020% (Cap N/A, Floor 0.000%) | 3.730(c) | 04/20/31 | 12,500 | 12,287,721 | |
Elevation CLO Ltd., Series 2017-06A, Class A1, 144A, 3 Month LIBOR + 1.280% (Cap N/A, Floor 1.280%) | 3.792(c) | 07/15/29 | 436 | 430,829 | |
MidOcean Credit CLO, | |||||
Series 2016-05A, Class AR, 144A, 3 Month LIBOR + 1.120% (Cap N/A, Floor 0.000%) | 3.858(c) | 07/19/28 | 1,919 | 1,902,237 | |
Series 2018-08A, Class B, 144A, 3 Month LIBOR + 1.650% (Cap N/A, Floor 0.000%) | 3.128(c) | 02/20/31 | 2,000 | 1,906,668 | |
Series 2018-09A, Class A1, 144A, 3 Month LIBOR + 1.150% (Cap N/A, Floor 1.150%) | 3.860(c) | 07/20/31 | 2,000 | 1,962,400 | |
Mountain View CLO Ltd., | |||||
Series 2015-09A, Class A2R, 144A, 3 Month LIBOR + 1.780% (Cap N/A, Floor 0.000%) | 4.292(c) | 07/15/31 | 5,750 | 5,476,271 | |
Series 2019-01A, Class A1R, 144A, 3 Month LIBOR + 1.250% (Cap N/A, Floor 1.250%) | 3.762(c) | 10/15/34 | 15,000 | 14,478,751 | |
OZLM Ltd., | |||||
Series 2014-06A, Class A2AS, 144A, 3 Month LIBOR + 1.750% (Cap N/A, Floor 0.000%) | 4.490(c) | 04/17/31 | 2,000 | 1,902,109 | |
Series 2018-20A, Class A1, 144A, 3 Month LIBOR + 1.050% (Cap N/A, Floor 1.050%) | 3.760(c) | 04/20/31 | 5,000 | 4,889,484 | |
Race Point CLO Ltd., Series 2013-08A, Class AR2, 144A, 3 Month LIBOR + 1.040% (Cap N/A, Floor 1.040%) | 2.518(c) | 02/20/30 | 8,402 | 8,263,658 |
1
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Asset-Backed Securities (Continued) | |||||
Cayman Islands (cont’d.) | |||||
Shackleton CLO Ltd., | |||||
Series 2014-05RA, Class A, 144A, 3 Month LIBOR + 1.100% (Cap N/A, Floor 0.000%) | 2.471 %(c) | 05/07/31 | 5,000 | $4,898,088 | |
Series 2014-05RA, Class B, 144A, 3 Month LIBOR + 1.700% (Cap N/A, Floor 0.000%) | 3.071(c) | 05/07/31 | 6,500 | 6,003,104 | |
Series 2017-10A, Class BR, 144A, 3 Month LIBOR + 1.550% (Cap N/A, Floor 0.000%) | 4.260(c) | 04/20/29 | 10,000 | 9,526,829 | |
Silver Creek CLO Ltd., Series 2014-01A, Class AR, 144A, 3 Month LIBOR + 1.240% (Cap N/A, Floor 0.000%) | 3.950(c) | 07/20/30 | 420 | 415,204 | |
Voya CLO Ltd., Series 2013-02A, Class A1R, 144A, 3 Month SOFR + 1.232% (Cap N/A, Floor 0.970%) | 3.773(c) | 04/25/31 | 4,500 | 4,393,599 | |
Wellfleet CLO Ltd., Series 2017-03A, Class A1, 144A, 3 Month LIBOR + 1.150% (Cap N/A, Floor 1.150%) | 3.890(c) | 01/17/31 | 2,500 | 2,456,776 | |
Zais CLO Ltd., | |||||
Series 2015-03A, Class A2R, 144A, 3 Month LIBOR + 2.190% (Cap N/A, Floor 0.000%) | 4.702(c) | 07/15/31 | 8,500 | 8,173,089 | |
Series 2017-02A, Class A, 144A, 3 Month LIBOR + 1.290% (Cap N/A, Floor 0.000%) | 3.802(c) | 04/15/30 | 710 | 701,317 | |
110,176,359 | |||||
Ireland 4.5% | |||||
Anchorage Capital Europe CLO DAC, Series 04A, Class A, 144A, 3 Month EURIBOR + 0.870% (Cap N/A, Floor 0.870%) | 1.015(c) | 04/25/34 | EUR | 4,000 | 3,897,209 |
Ares European CLO DAC, Series 2013-06A, Class B1RR, 144A, 3 Month EURIBOR + 1.250% (Cap N/A, Floor 1.250%) | 1.250(c) | 04/15/30 | EUR | 8,000 | 7,652,034 |
Armada Euro CLO DAC, Series 02A, Class A3, 144A | 1.500 | 11/15/31 | EUR | 1,500 | 1,500,583 |
BNPP AM Euro CLO DAC, Series 2018-01A, Class AR, 144A, 3 Month EURIBOR + 0.600% (Cap N/A, Floor 0.600%) | 0.600(c) | 04/15/31 | EUR | 10,000 | 9,919,508 |
Bosphorus CLO DAC, Series 06A, Class A, 144A, 3 Month EURIBOR + 0.850% (Cap N/A, Floor 0.850%) | 0.850(c) | 05/25/34 | EUR | 20,000 | 19,242,644 |
Capital Four CLO DAC, Series 02A, Class A, 144A, 3 Month EURIBOR + 1.050% (Cap N/A, Floor 1.050%) | 1.050(c) | 01/15/34 | EUR | 23,000 | 22,620,836 |
2
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Asset-Backed Securities (Continued) | |||||
Ireland (cont’d.) | |||||
Carlyle Euro CLO DAC, | |||||
Series 2017-02A, Class AA2R, 144A, 3 Month EURIBOR + 1.300% (Cap N/A, Floor 1.300%) | 1.300 %(c) | 08/15/30 | EUR | 9,500 | $9,121,326 |
Series 2019-01A, Class A1R, 144A, 3 Month EURIBOR + 0.750% (Cap N/A, Floor 0.750%) | 0.750(c) | 03/15/32 | EUR | 20,000 | 19,561,418 |
CIFC European Funding CLO DAC, | |||||
Series 03A, Class A, 144A, 3 Month EURIBOR + 1.050% (Cap N/A, Floor 1.050%) | 1.050(c) | 01/15/34 | EUR | 15,000 | 14,588,700 |
Series 03A, Class B2, 144A | 2.000 | 01/15/34 | EUR | 11,500 | 10,907,213 |
Hayfin Emerald CLO DAC, Series 05A, Class A, 144A, 3 Month EURIBOR + 1.100% (Cap N/A, Floor 1.100%) | 1.100(c) | 11/17/32 | EUR | 18,500 | 18,304,615 |
Henley CLO DAC, Series 04A, Class A, 144A, 3 Month EURIBOR + 0.900% (Cap N/A, Floor 0.900%) | 0.900(c) | 04/25/34 | EUR | 5,000 | 4,802,203 |
Invesco Euro CLO DAC, Series 01A, Class A2R, 144A | 0.800 | 07/15/31 | EUR | 30,000 | 29,730,329 |
OAK Hill European Credit Partners DAC, Series 2017-06A, Class A2, 144A | 1.150 | 01/20/32 | EUR | 2,955 | 2,941,828 |
Providus CLO DAC, Series 02A, Class B1R, 144A, 3 Month EURIBOR + 1.650% (Cap N/A, Floor 1.650%) | 1.650(c) | 07/15/31 | EUR | 7,500 | 7,233,196 |
Rathlin Residential DAC, Series 2021-01A, Class A, 144A, 1 Month EURIBOR + 2.000% | 1.488(c) | 09/27/75 | EUR | 1,298 | 1,265,214 |
183,288,856 | |||||
Luxembourg 0.0% | |||||
LSF11 Boson Investments Sarl (Compartment 2), Series 2021-NPLA, Class A1, 144A, 3 Month EURIBOR + 2.000% (Cap N/A, Floor 2.000%) | 1.637(c) | 11/25/60 | EUR | 1,373 | 1,333,744 |
Spain 0.1% | |||||
TFS, | |||||
Series 2018-03, Class A1^ | 0.000 | 04/16/40 | EUR | —(r) | 4,257 |
Series 2018-03, Class A1, 1 Month EURIBOR + 3.000%^ | 3.000(c) | 04/16/23 | EUR | 3,711 | 3,724,349 |
3,728,606 |
3
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Asset-Backed Securities (Continued) | |||||
United Kingdom 0.2% | |||||
Newday Funding Master Issuer PLC, | |||||
Series 2021-01A, Class A1, 144A, SONIA + 0.970% (Cap N/A, Floor 0.000%) | 2.093 %(c) | 03/15/29 | GBP | 3,700 | $4,458,017 |
Series 2021-01A, Class A2, 144A, SOFR + 1.100% (Cap N/A, Floor 0.000%) | 2.360(c) | 03/15/29 | 3,500 | 3,432,439 | |
7,890,456 | |||||
United States 1.9% | |||||
Ameriquest Mortgage Securities, Inc., Asset-Backed Pass-Through Certificates, | |||||
Series 2002-02, Class M3, 1 Month LIBOR + 2.655% (Cap N/A, Floor 2.655%) | 4.914(c) | 08/25/32 | 213 | 210,903 | |
Series 2002-03, Class M3, 1 Month LIBOR + 2.850% (Cap N/A, Floor 2.850%) | 5.109(c) | 08/25/32 | 130 | 127,282 | |
Chase Funding Trust, Series 2003-04, Class 2A2, 1 Month LIBOR + 0.600% (Cap N/A, Floor 0.600%) | 2.859(c) | 05/25/33 | 496 | 476,601 | |
CHEC Loan Trust, Series 2004-01, Class A3, 144A, 1 Month LIBOR + 1.000% (Cap N/A, Floor 1.000%) | 3.259(c) | 07/25/34 | 430 | 412,329 | |
Commonbond Student Loan Trust, Series 2020-AGS, Class A, 144A | 1.980 | 08/25/50 | 2,211 | 2,118,898 | |
EquiFirst Mortgage Loan Trust, Series 2004-01, Class 1A1, 1 Month LIBOR + 0.480% (Cap N/A, Floor 0.480%) | 2.739(c) | 01/25/34 | 446 | 415,720 | |
Exeter Automobile Receivables Trust, Series 2022-01A, Class E, 144A | 5.020 | 10/15/29 | 5,600 | 5,030,743 | |
Ford Credit Auto Owner Trust, Series 2020-02, Class C, 144A | 1.740 | 04/15/33 | 1,300 | 1,183,334 | |
JPMorgan Chase Bank, NA, | |||||
Series 2020-01, Class R, 144A | 33.784 | 01/25/28 | 1,197 | 1,468,386 | |
Series 2020-02, Class E, 144A | 3.072 | 02/25/28 | 1,277 | 1,255,337 | |
Series 2020-02, Class R, 144A | 31.355 | 02/25/28 | 567 | 673,744 | |
Series 2021-01, Class E, 144A | 2.365 | 09/25/28 | 298 | 288,866 | |
Series 2021-01, Class F, 144A | 4.280 | 09/25/28 | 600 | 568,931 | |
Series 2021-01, Class R, 144A | 28.348 | 09/25/28 | 1,927 | 2,267,393 | |
Series 2021-02, Class F, 144A | 4.393 | 12/26/28 | 600 | 566,203 | |
Series 2021-03, Class F, 144A | 3.694 | 02/26/29 | 600 | 557,088 | |
Laurel Road Prime Student Loan Trust, | |||||
Series 2018-A, Class A, 144A | 0.000 | 02/25/43 | 3,430 | 924,727 | |
Series 2018-C, Class A, 144A | 0.000(cc) | 08/25/43 | 897 | 875,253 | |
Series 2019-A, Class R, 144A | 0.000 | 10/25/48 | 2,347 | 504,219 |
4
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Asset-Backed Securities (Continued) | |||||
United States (cont’d.) | |||||
Lending Funding Trust, Series 2020-02A, Class A, 144A | 2.320 % | 04/21/31 | 1,100 | $998,878 | |
Lendmark Funding Trust, | |||||
Series 2019-02A, Class A, 144A | 2.780 | 04/20/28 | 2,300 | 2,251,714 | |
Series 2021-01A, Class D, 144A | 5.050 | 11/20/31 | 1,900 | 1,495,354 | |
Long Beach Mortgage Loan Trust, Series 2004-03, Class M1, 1 Month LIBOR + 0.855% (Cap N/A, Floor 0.855%) | 3.114(c) | 07/25/34 | 108 | 102,938 | |
Mariner Finance Issuance Trust, Series 2020-AA, Class A, 144A | 2.190 | 08/21/34 | 1,800 | 1,744,649 | |
MASTR Asset-Backed Securities Trust, Series 2004-WMC02, Class M1, 1 Month LIBOR + 0.900% (Cap N/A, Floor 0.900%) | 3.159(c) | 04/25/34 | 947 | 906,346 | |
Merrill Lynch Mortgage Investors Trust, Series 2004-HE02, Class M1, 1 Month LIBOR + 1.200% (Cap N/A, Floor 1.200%) | 3.459(c) | 08/25/35 | 24 | 23,457 | |
Morgan Stanley ABS Capital I, Inc. Trust, Series 2003-NC08, Class M1, 1 Month LIBOR + 1.050% (Cap N/A, Floor 1.050%) | 3.309(c) | 09/25/33 | 76 | 74,279 | |
Morgan Stanley Dean Witter Capital I, Inc. Trust, Series 2002-AM03, Class A3, 1 Month LIBOR + 0.980% (Cap N/A, Floor 0.980%) | 3.239(c) | 02/25/33 | 115 | 112,127 | |
Navient Private Education Refi Loan Trust, | |||||
Series 2020-GA, Class B, 144A | 2.500 | 09/16/69 | 2,000 | 1,807,138 | |
Series 2021-A, Class B, 144A | 2.240 | 05/15/69 | 1,850 | 1,558,818 | |
OneMain Direct Auto Receivables Trust, Series 2019-01A, Class B, 144A | 3.950 | 11/14/28 | 1,300 | 1,267,163 | |
Oportun Funding XIII LLC, | |||||
Series 2019-A, Class B, 144A | 3.870 | 08/08/25 | 4,158 | 4,101,825 | |
Series 2019-A, Class D, 144A | 6.220 | 08/08/25 | 3,400 | 3,226,328 | |
Oportun Funding XIV LLC, | |||||
Series 2021-A, Class C, 144A | 3.440 | 03/08/28 | 1,200 | 1,129,812 | |
Series 2021-A, Class D, 144A | 5.400 | 03/08/28 | 500 | 472,864 | |
PNMAC FMSR Issuer Trust, Series 2018-FT01, Class A, 144A, 1 Month LIBOR + 2.350% (Cap N/A, Floor 0.000%) | 4.609(c) | 04/25/23 | 4,290 | 4,259,386 | |
Santander Bank Auto Credit-Linked Notes, Series 2022-A, Class C, 144A | 7.375 | 05/15/32 | 2,447 | 2,422,720 | |
Santander Bank NA, Series 2021-01A, Class D, 144A | 5.004 | 12/15/31 | 1,300 | 1,217,693 | |
Santander Consumer Auto Receivables Trust, | |||||
Series 2021-AA, Class D, 144A | 1.570 | 01/15/27 | 850 | 785,536 |
5
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Asset-Backed Securities (Continued) | |||||
United States (cont’d.) | |||||
Santander Consumer Auto Receivables Trust, (cont’d.) | |||||
Series 2021-AA, Class R, 144A | 0.000 % | 08/15/28 | 6 | $576,569 | |
SoFi Alternative Trust, | |||||
Series 2019-B, Class PT, 144A | 0.000(cc) | 12/15/45 | 3,765 | 3,689,494 | |
Series 2019-D, Class 1PT, 144A | 3.045(cc) | 01/16/46 | 3,815 | 3,721,059 | |
Series 2019-F, Class PT1, 144A | 3.932(cc) | 02/15/45 | 5,077 | 4,894,276 | |
SoFi Professional Loan Program LLC, Series 2019-C, Class BFX, 144A | 3.050 | 11/16/48 | 2,100 | 1,930,269 | |
SoFi RR Funding II Trust, Series 2019-01, Class A, 144A, 1 Month LIBOR + 1.250% (Cap N/A, Floor 1.250%) | 3.509(c) | 11/29/24 | 849 | 847,645 | |
SoFi RR Funding III Trust, Series 2020-01, Class A, 144A, 1 Month LIBOR + 1.250% (Cap N/A, Floor 1.250%) | 3.509(c) | 11/29/24 | 2,232 | 2,229,308 | |
TH MSR Issuer Trust, Series 2019-FT01, Class A, 144A, 1 Month LIBOR + 2.800% (Cap N/A, Floor 2.800%) | 5.059(c) | 06/25/24 | 9,330 | 9,098,091 | |
76,871,693 | |||||
Total Asset-Backed Securities (cost $435,754,249) | 385,065,726 | ||||
Bank Loans 1.3% | |||||
Germany 0.1% | |||||
Speedster Bidco GmbH, Second Lien Term Loan, 3 Month EURIBOR + 6.000% (Cap N/A, Floor 0.000%) | 6.000(c) | 03/31/28 | EUR | 3,265 | 2,956,019 |
United Kingdom 1.1% | |||||
CD&R Firefly Bidco Ltd., Initial Term Loan, SONIA + 8.356%^ | 9.046(c) | 06/19/26 | GBP | 16,075 | 17,618,522 |
Constellation Automotive Group Ltd., Facility B2 Loan, SONIA + 4.750% | 5.940(c) | 07/28/28 | GBP | 6,850 | 7,257,479 |
EG Group Ltd., Additional Second Lien Loan Facility, 3 Month EURIBOR + 7.000% (Cap N/A, Floor 0.000%) | 7.000(c) | 04/30/27 | EUR | 23,880 | 20,623,538 |
45,499,539 |
6
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Bank Loans (Continued) | |||||
United States 0.1% | |||||
Ascent Resources Utica Holdings LLC, Second Lien Term Loan, 3 Month LIBOR + 9.000% | 11.455 %(c) | 11/01/25 | 1,199 | $1,263,946 | |
Diamond Sports Group LLC, | |||||
First Lien Term Loan, 1 Month SOFR + 8.000% | 9.786(c) | 05/25/26 | 248 | 234,563 | |
Second Lien Term Loan, 1 Month SOFR + 3.250% | 5.036(c) | 08/24/26 | 2,291 | 460,618 | |
1,959,127 | |||||
Total Bank Loans (cost $66,781,281) | 50,414,685 | ||||
Commercial Mortgage-Backed Securities 6.5% | |||||
Canada 0.0% | |||||
Real Estate Asset Liquidity Trust, Series 2020-01A, Class A1, 144A | 2.381(cc) | 02/12/55 | CAD | 2,081 | 1,531,269 |
Ireland 0.6% | |||||
Taurus DAC, | |||||
Series 2021-UK1A, Class D, 144A, SONIA + 2.600% (Cap N/A, Floor 2.600%) | 3.208(c) | 05/17/31 | GBP | 546 | 606,180 |
Series 2021-UK4A, Class B, 144A, SONIA + 1.500% (Cap N/A, Floor 1.500%) | 2.108(c) | 08/17/31 | GBP | 5,068 | 5,823,740 |
Series 2021-UK4A, Class C, 144A, SONIA + 1.750% (Cap N/A, Floor 1.750%) | 2.358(c) | 08/17/31 | GBP | 8,320 | 9,836,975 |
Series 2021-UK4A, Class D, 144A, SONIA + 2.100% (Cap N/A, Floor 2.100%) | 2.708(c) | 08/17/31 | GBP | 6,923 | 7,696,748 |
23,963,643 | |||||
United States 5.9% | |||||
20 Times Square Trust, | |||||
Series 2018-20TS, Class G, 144A | 3.100(cc) | 05/15/35 | 1,000 | 934,335 | |
Series 2018-20TS, Class H, 144A | 3.100(cc) | 05/15/35 | 1,000 | 927,103 | |
BANK, | |||||
Series 2017-BNK05, Class A3 | 3.020 | 06/15/60 | 3,328 | 3,277,000 | |
Series 2019-BN21, Class A3 | 2.458 | 10/17/52 | 3,691 | 3,633,416 | |
Benchmark Mortgage Trust, Series 2020-B17, Class A4 | 2.042 | 03/15/53 | 6,200 | 5,463,617 |
7
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Commercial Mortgage-Backed Securities (Continued) | |||||
United States (cont’d.) | |||||
BX Commercial Mortgage Trust, | |||||
Series 2019-XL, Class F, 144A, 1 Month LIBOR + 2.000% (Cap N/A, Floor 2.000%) | 3.999 %(c) | 10/15/36 | 2,805 | $2,706,192 | |
Series 2019-XL, Class G, 144A, 1 Month LIBOR + 2.300% (Cap N/A, Floor 2.300%) | 4.299(c) | 10/15/36 | 7,416 | 7,121,662 | |
Series 2019-XL, Class J, 144A, 1 Month LIBOR + 2.650% (Cap N/A, Floor 2.650%) | 4.649(c) | 10/15/36 | 22,142 | 21,043,954 | |
Cantor Commercial Real Estate Lending, Series 2019-CF02, Class A3 | 2.647 | 11/15/52 | 16,531 | 15,794,830 | |
CF Mortgage Trust, Series 2020-P01, Class A1, 144A | 2.840(cc) | 04/15/25 | 9,366 | 9,065,010 | |
Citigroup Commercial Mortgage Trust, | |||||
Series 2014-GC21, Class XB, IO | 0.440(cc) | 05/10/47 | 27,500 | 198,074 | |
Series 2016-GC37, Class XB, IO | 0.691(cc) | 04/10/49 | 33,868 | 763,496 | |
Series 2016-P04, Class XB, IO | 1.315(cc) | 07/10/49 | 9,100 | 421,114 | |
Series 2017-P08, Class A2 | 3.109 | 09/15/50 | 2,000 | 1,938,494 | |
Cold Storage Trust, Series 2020-ICE05, Class E, 144A, 1 Month LIBOR + 2.766% (Cap N/A, Floor 2.833%) | 4.765(c) | 11/15/37 | 4,399 | 4,260,839 | |
Commercial Mortgage Trust, Series 2014-UBS04, Class XB, IO, 144A | 0.216(cc) | 08/10/47 | 50,000 | 200,315 | |
Credit Suisse Mortgage Capital Certificates, Series 2019-ICE04, Class E, 144A, 1 Month LIBOR + 2.150% (Cap N/A, Floor 2.150%) | 4.149(c) | 05/15/36 | 14,125 | 13,697,798 | |
CSAIL Commercial Mortgage Trust, Series 2018-CX11, Class A3 | 4.095 | 04/15/51 | 1,925 | 1,922,068 | |
DBWF Mortgage Trust, Series 2016-85T, Class E, 144A | 3.808(cc) | 12/10/36 | 3,000 | 2,450,602 | |
Deutsche Bank Commercial Mortgage Trust, Series 2016-C03, Class A3 | 2.362 | 08/10/49 | 1,500 | 1,460,342 | |
Eleven Madison Mortgage Trust, Series 2015-11MD, Class C, 144A | 3.555(cc) | 09/10/35 | 500 | 468,351 | |
ELP Commercial Mortgage Trust, Series 2021-ELP, Class F, 144A, 1 Month LIBOR + 2.667% (Cap N/A, Floor 2.667%) | 4.667(c) | 11/15/38 | 23,600 | 22,409,071 | |
FHLMC Multifamily Structured Pass-Through Certificates, | |||||
Series K025, Class X1, IO | 0.752(cc) | 10/25/22 | 14,156 | 10,061 | |
Series K037, Class X1, IO | 0.920(cc) | 01/25/24 | 9,817 | 106,074 | |
Series K043, Class X1, IO | 0.514(cc) | 12/25/24 | 11,671 | 128,386 | |
Series K049, Class X1, IO | 0.570(cc) | 07/25/25 | 38,094 | 546,716 | |
Series K052, Class X1, IO | 0.640(cc) | 11/25/25 | 11,643 | 204,374 |
8
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Commercial Mortgage-Backed Securities (Continued) | |||||
United States (cont’d.) | |||||
FHLMC Multifamily Structured Pass-Through Certificates, (cont’d.) | |||||
Series K053, Class X1, IO | 0.879 %(cc) | 12/25/25 | 44,175 | $1,093,198 | |
Series K054, Class X1, IO | 1.159(cc) | 01/25/26 | 29,759 | 998,248 | |
Series K058, Class X1, IO | 0.918(cc) | 08/25/26 | 40,095 | 1,250,814 | |
Series K090, Class X1, IO | 0.706(cc) | 02/25/29 | 22,921 | 930,014 | |
Series K111, Class X1, IO | 1.571(cc) | 05/25/30 | 29,328 | 2,868,357 | |
Series K113, Class X1, IO | 1.387(cc) | 06/25/30 | 119,090 | 10,351,032 | |
Series K114, Class X1, IO | 1.117(cc) | 06/25/30 | 75,346 | 5,325,577 | |
Series K116, Class X1, IO | 1.426(cc) | 07/25/30 | 49,101 | 4,344,651 | |
Series K121, Class X1, IO | 1.024(cc) | 10/25/30 | 126,856 | 8,307,890 | |
Series KG03, Class X1, IO | 1.381(cc) | 06/25/30 | 101,797 | 8,695,439 | |
Series Q001, Class XA, IO | 2.136(cc) | 02/25/32 | 5,914 | 472,363 | |
Greystone Commercial Capital Trust, Series 2021-03, Class A, 144A, 1 Month LIBOR + 2.230% (Cap N/A, Floor 2.230%) | 4.386(c) | 08/01/23 | 17,250 | 16,947,397 | |
GS Mortgage Securities Corp. Trust, | |||||
Series 2021-RENT, Class C, 144A, 1 Month LIBOR + 1.550% (Cap N/A, Floor 1.550%) | 3.712(c) | 11/21/35 | 7,700 | 7,403,332 | |
Series 2021-RENT, Class D, 144A, 1 Month LIBOR + 1.850% (Cap N/A, Floor 1.850%) | 4.012(c) | 11/21/35 | 4,454 | 4,244,177 | |
GS Mortgage Securities Trust, | |||||
Series 2014-GC20, Class XB, IO | 0.472(cc) | 04/10/47 | 30,000 | 208,074 | |
Series 2014-GC22, Class XB, IO | 0.296(cc) | 06/10/47 | 35,000 | 213,122 | |
Series 2014-GC24, Class XB, IO | 0.021(cc) | 09/10/47 | 83,262 | 29,541 | |
Series 2014-GC26, Class XB, IO | 0.306(cc) | 11/10/47 | 56,483 | 398,392 | |
JPMBB Commercial Mortgage Securities Trust, Series 2016-C01, Class A3 | 3.515 | 03/17/49 | 966 | 953,977 | |
JPMCC Commercial Mortgage Securities Trust, Series 2017-JP06, Class A3 | 3.109 | 07/15/50 | 2,987 | 2,928,358 | |
JPMDB Commercial Mortgage Securities Trust, Series 2020-COR07, Class A4 | 1.915 | 05/13/53 | 5,000 | 4,335,406 | |
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2018-AON, Class E, 144A | 4.613(cc) | 07/05/31 | 5,564 | 4,573,679 | |
MKT Mortgage Trust, Series 2020-525M, Class F, 144A | 2.941(cc) | 02/12/40 | 3,775 | 2,633,569 | |
Morgan Stanley Capital I Trust, | |||||
Series 2019-MEAD, Class E, 144A | 3.177(cc) | 11/10/36 | 1,700 | 1,482,625 | |
Series 2020-HR08, Class XB, IO | 0.877(cc) | 07/15/53 | 54,413 | 3,248,919 | |
One New York Plaza Trust, | |||||
Series 2020-01NYP, Class C, 144A, 1 Month LIBOR + 2.200% (Cap N/A, Floor 2.200%) | 4.199(c) | 01/15/36 | 8,475 | 7,988,638 |
9
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Commercial Mortgage-Backed Securities (Continued) | |||||
United States (cont’d.) | |||||
One New York Plaza Trust, (cont’d.) | |||||
Series 2020-01NYP, Class D, 144A, 1 Month LIBOR + 2.750% (Cap N/A, Floor 2.750%) | 4.749 %(c) | 01/15/36 | 2,975 | $2,805,865 | |
UBS Commercial Mortgage Trust, Series 2017-C06, Class A3 | 3.581 | 12/15/50 | 5,000 | 4,883,816 | |
UBS-Barclays Commercial Mortgage Trust, Series 2012-C02, Class XA, IO, 144A | 0.801(cc) | 05/10/63 | 792 | 35 | |
Wells Fargo Commercial Mortgage Trust, | |||||
Series 2016-C35, Class XB, IO | 0.928(cc) | 07/15/48 | 24,000 | 756,298 | |
Series 2016-LC24, Class XB, IO | 0.981(cc) | 10/15/49 | 20,910 | 740,105 | |
Series 2021-FCMT, Class B, 144A, 1 Month LIBOR + 1.850% (Cap N/A, Floor 1.850%) | 3.849(c) | 05/15/31 | 1,800 | 1,716,655 | |
Series 2021-FCMT, Class C, 144A, 1 Month LIBOR + 2.400% (Cap N/A, Floor 2.400%) | 4.399(c) | 05/15/31 | 1,700 | 1,612,748 | |
Series 2021-FCMT, Class D, 144A, 1 Month LIBOR + 3.500% (Cap N/A, Floor 3.500%) | 5.499(c) | 05/15/31 | 2,200 | 2,074,582 | |
237,970,187 | |||||
Total Commercial Mortgage-Backed Securities (cost $281,397,957) | 263,465,099 | ||||
Corporate Bonds 44.8% | |||||
Australia 0.1% | |||||
Australia & New Zealand Banking Group Ltd., Sr. Unsec’d. Notes, EMTN | 3.700 | 03/18/24 | CNH | 2,000 | 296,238 |
Westpac Banking Corp., Sr. Unsec’d. Notes, EMTN | 4.420 | 08/14/23 | CNH | 21,000 | 3,162,659 |
3,458,897 | |||||
Belgium 0.3% | |||||
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc., Gtd. Notes | 4.900 | 02/01/46 | 7,380 | 7,424,457 | |
Anheuser-Busch InBev Worldwide, Inc., Gtd. Notes | 5.550 | 01/23/49 | 3,800 | 4,162,190 | |
11,586,647 |
10
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Brazil 0.8% | |||||
Petrobras Global Finance BV, | |||||
Gtd. Notes(a) | 5.375 % | 10/01/29 | GBP | 10,321 | $11,337,946 |
Gtd. Notes | 6.625 | 01/16/34 | GBP | 8,080 | 9,112,907 |
Gtd. Notes, EMTN | 6.250 | 12/14/26 | GBP | 7,944 | 9,582,298 |
Suzano Austria GmbH, Gtd. Notes | 6.000 | 01/15/29 | 200 | 203,062 | |
Swiss Insured Brazil Power Finance Sarl, Sr. Sec’d. Notes | 9.850 | 07/16/32 | BRL | 19,385 | 3,402,340 |
33,638,553 | |||||
Bulgaria 0.3% | |||||
Bulgarian Energy Holding EAD, Sr. Unsec’d. Notes | 2.450 | 07/22/28 | EUR | 14,580 | 11,916,721 |
Canada 1.0% | |||||
Barrick Gold Corp., Sr. Unsec’d. Notes | 5.250 | 04/01/42 | 35 | 35,479 | |
Barrick North America Finance LLC, Gtd. Notes | 5.700 | 05/30/41 | 45 | 47,944 | |
Barrick PD Australia Finance Pty Ltd., Gtd. Notes | 5.950 | 10/15/39 | 50 | 54,356 | |
Bombardier, Inc., | |||||
Sr. Unsec’d. Notes, 144A | 7.125 | 06/15/26 | 3,900 | 3,620,760 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 12/01/24 | 3,242 | 3,177,160 | |
Sr. Unsec’d. Notes, 144A | 7.875 | 04/15/27 | 2,535 | 2,335,369 | |
Brookfield Residential Properties, Inc./Brookfield Residential US LLC, | |||||
Gtd. Notes, 144A | 4.875 | 02/15/30 | 2,320 | 1,774,800 | |
Gtd. Notes, 144A | 6.250 | 09/15/27 | 2,175 | 1,954,129 | |
Sr. Unsec’d. Notes, 144A | 5.000 | 06/15/29 | 1,675 | 1,323,250 | |
Cenovus Energy, Inc., | |||||
Sr. Unsec’d. Notes | 2.650 | 01/15/32 | 1,340 | 1,152,221 | |
Sr. Unsec’d. Notes | 3.750 | 02/15/52 | 955 | 768,497 | |
Sr. Unsec’d. Notes | 4.250 | 04/15/27 | 3,500 | 3,491,989 | |
Hydro-Quebec, Local Gov’t. Gtd. Notes, Series HQ | 9.500 | 11/15/30 | 800 | 1,150,827 | |
MEG Energy Corp., Gtd. Notes, 144A | 7.125 | 02/01/27 | 1,225 | 1,266,699 | |
Methanex Corp., Sr. Unsec’d. Notes(a) | 4.250 | 12/01/24 | 1,500 | 1,456,875 |
11
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Canada (cont’d.) | |||||
Ontario Electricity Financial Corp., Local Gov’t. Gtd. Notes, Series 40 | 1.848 %(s) | 04/11/31 | CAD | 10,000 | $5,787,506 |
Ontario Teachers’ Cadillac Fairview Properties Trust, Sr. Unsec’d. Notes, 144A | 2.500 | 10/15/31 | 1,775 | 1,557,174 | |
Rogers Communications, Inc., Gtd. Notes | 3.250 | 05/01/29 | CAD | 700 | 507,863 |
Teck Resources Ltd., | |||||
Sr. Unsec’d. Notes | 5.400 | 02/01/43 | 1,403 | 1,298,547 | |
Sr. Unsec’d. Notes | 6.000 | 08/15/40 | 4,142 | 4,111,249 | |
Toronto-Dominion Bank (The), Sr. Unsec’d. Notes | 2.050 | 07/10/24 | AUD | 2,470 | 1,663,229 |
38,535,923 | |||||
China 1.0% | |||||
Agricultural Development Bank of China, | |||||
Sr. Unsec’d. Notes | 3.400 | 11/06/24 | CNH | 72,790 | 10,933,918 |
Sr. Unsec’d. Notes | 3.800 | 10/27/30 | CNH | 55,000 | 8,467,755 |
Aircraft Finance Co. Ltd., | |||||
Sr. Sec’d. Notes, Series B | 4.100 | 03/29/26 | 1,997 | 1,994,984 | |
Sr. Sec’d. Notes, Series C | 3.955 | 03/29/23 | 4,129 | 4,115,597 | |
China Development Bank, | |||||
Sr. Unsec’d. Notes | 4.300 | 08/02/32 | CNH | 25,000 | 4,016,278 |
Sr. Unsec’d. Notes, EMTN | 4.350 | 08/06/24 | CNH | 4,700 | 717,795 |
Sr. Unsec’d. Notes, EMTN | 4.350 | 09/19/24 | CNH | 8,990 | 1,375,358 |
Unsec’d. Notes | 4.200 | 01/19/27 | CNH | 16,000 | 2,498,018 |
NXP BV/NXP Funding LLC/NXP USA, Inc., | |||||
Gtd. Notes | 3.150 | 05/01/27 | 575 | 545,100 | |
Gtd. Notes | 3.400 | 05/01/30 | 725 | 661,925 | |
State Grid Overseas Investment BVI Ltd., Gtd. Notes, EMTN | 0.797 | 08/05/26 | EUR | 3,830 | 3,633,834 |
38,960,562 | |||||
Denmark 0.1% | |||||
Danske Bank A/S, | |||||
Sr. Unsec’d. Notes, 144A | 1.621(ff) | 09/11/26 | 4,645 | 4,186,353 | |
Sr. Unsec’d. Notes, 144A | 3.244(ff) | 12/20/25 | 1,095 | 1,049,277 | |
5,235,630 |
12
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
France 2.9% | |||||
Altice France SA, Sr. Sec’d. Notes | 3.375 % | 01/15/28 | EUR | 8,475 | $7,190,642 |
Banque Federative du Credit Mutuel SA, | |||||
Sr. Unsec’d. Notes, Series 19 | 0.999 | 10/15/25 | JPY | 200,000 | 1,523,528 |
Sr. Unsec’d. Notes, Series 21 | 0.300 | 10/13/23 | JPY | 300,000 | 2,248,735 |
BNP Paribas SA, | |||||
Sr. Unsec’d. Notes, 144A | 1.323(ff) | 01/13/27 | 3,400 | 3,039,171 | |
Sr. Unsec’d. Notes, 144A | 2.159(ff) | 09/15/29 | 16,935 | 14,322,153 | |
Sr. Unsec’d. Notes, 144A | 2.591(ff) | 01/20/28 | 9,230 | 8,354,633 | |
Sr. Unsec’d. Notes, 144A | 2.871(ff) | 04/19/32 | 5,220 | 4,412,141 | |
Sr. Unsec’d. Notes, EMTN | 6.420 | 09/11/23 | MXN | 250 | 11,746 |
Sub. Notes, EMTN | 4.625 | 03/09/27 | AUD | 370 | 252,298 |
BPCE SA, | |||||
Sr. Unsec’d. Notes, EMTN | 0.562 | 06/24/24 | JPY | 100,000 | 746,194 |
Sr. Unsec’d. Notes, Series 03 | 0.989 | 07/12/28 | JPY | 300,000 | 2,192,643 |
Sr. Unsec’d. Notes, Series 05 | 0.530(ff) | 12/10/26 | JPY | 500,000 | 3,672,197 |
Sub. Notes, Series 01 | 2.047 | 01/30/25 | JPY | 100,000 | 761,061 |
Credit Agricole Assurances SA, Sub. Notes | 4.250(ff) | 01/13/25(oo) | EUR | 2,000 | 2,085,007 |
Credit Agricole Corporate & Investment Bank SA, Sr. Unsec’d. Notes, EMTN | 2.670 | 02/20/24 | NZD | 1,400 | 858,008 |
Credit Agricole SA, | |||||
Sr. Unsec’d. Notes, 144A | 1.247(ff) | 01/26/27 | 2,545 | 2,272,225 | |
Sr. Unsec’d. Notes, EMTN | 4.400 | 07/06/27 | AUD | 1,200 | 815,645 |
Sr. Unsec’d. Notes, Series 04 | 0.959 | 06/08/28 | JPY | 400,000 | 2,952,951 |
Sr. Unsec’d. Notes, Series 07 | 1.248(ff) | 06/04/26 | JPY | 600,000 | 4,533,539 |
Sub. Notes, EMTN | 4.200(ff) | 05/29/34 | AUD | 400 | 257,161 |
Iliad Holding SASU, Sr. Sec’d. Notes, 144A(a) | 5.125 | 10/15/26 | EUR | 6,850 | 6,756,006 |
Loxam SAS, | |||||
Sr. Sec’d. Notes | 2.875 | 04/15/26 | EUR | 5,200 | 4,767,191 |
Sr. Sub. Notes(a) | 4.500 | 04/15/27 | EUR | 3,800 | 3,169,652 |
Sr. Sub. Notes | 5.750 | 07/15/27 | EUR | 4,800 | 4,144,243 |
Sr. Sub. Notes, 144A | 4.500 | 04/15/27 | EUR | 900 | 746,023 |
SNCF Reseau, Sr. Unsec’d. Notes, Series MPLE | 4.700 | 06/01/35 | CAD | 6,400 | 5,318,570 |
Societe Generale SA, | |||||
Sr. Unsec’d. Notes, 144A | 2.889(ff) | 06/09/32 | 1,685 | 1,360,929 | |
Sr. Unsec’d. Notes, 144A(a) | 3.337(ff) | 01/21/33 | 4,915 | 4,120,536 | |
Sr. Unsec’d. Notes, 144A, MTN | 2.625 | 01/22/25 | 20,885 | 19,952,856 | |
Sr. Unsec’d. Notes, 144A, MTN | 3.875 | 03/28/24 | 3,130 | 3,109,758 | |
Sub. Notes, EMTN | 4.875 | 10/13/26 | AUD | 2,364 | 1,625,402 |
13
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
France (cont’d.) | |||||
Societe Generale SA, (cont’d.) | |||||
Sub. Notes, EMTN | 5.000 % | 05/19/27 | AUD | 220 | $151,651 |
Sub. Notes, EMTN | 5.000(ff) | 07/20/28 | AUD | 1,006 | 697,181 |
118,421,676 | |||||
Germany 0.7% | |||||
Deutsche Bahn Finance GMBH, | |||||
Gtd. Notes, MTN | 1.987 | 07/08/30 | AUD | 1,000 | 571,406 |
Gtd. Notes, MTN | 3.800 | 09/27/27 | AUD | 900 | 614,499 |
Deutsche Bank AG, | |||||
Sr. Unsec’d. Notes | 2.129(ff) | 11/24/26 | 3,760 | 3,362,638 | |
Sub. Notes, EMTN | 3.662(ff) | 04/10/25 | CNH | 89,000 | 12,938,576 |
Unsec’d. Notes | 4.550(s) | 11/07/22 | 1,814 | 1,792,989 | |
Kreditanstalt fuer Wiederaufbau, Gov’t. Gtd. Notes | 4.700 | 06/02/37 | CAD | 424 | 364,384 |
Mercedes-Benz International Finance BV, Gtd. Notes, EMTN | 3.450 | 09/27/22 | CNH | 1,000 | 148,192 |
TK Elevator Midco GmbH, | |||||
Sr. Sec’d. Notes | 4.375 | 07/15/27 | EUR | 2,400 | 2,245,326 |
Sr. Sec’d. Notes, 3 Month EURIBOR + 4.750% (Cap N/A, Floor 4.750%) | 4.750(c) | 07/15/27 | EUR | 2,000 | 1,964,647 |
Sr. Sec’d. Notes, 144A | 4.375 | 07/15/27 | EUR | 4,300 | 4,022,761 |
Volkswagen International Finance NV, Gtd. Notes | 2.700(ff) | 12/14/22(oo) | EUR | 1,000 | 1,011,666 |
29,037,084 | |||||
Hong Kong 0.3% | |||||
HKT Capital No. 3 Ltd., Gtd. Notes | 1.650 | 04/10/27 | EUR | 9,200 | 8,563,254 |
Sun Hung Kai Properties Capital Market Ltd., | |||||
Gtd. Notes, EMTN | 3.160 | 01/25/28 | CNH | 4,000 | 567,100 |
Gtd. Notes, EMTN | 3.200 | 08/14/27 | CNH | 3,000 | 427,213 |
Gtd. Notes, EMTN | 3.380 | 01/18/29 | HKD | 1,000 | 123,987 |
Swire Pacific MTN Financing Ltd., Gtd. Notes, EMTN | 3.900 | 11/05/30 | HKD | 5,000 | 630,451 |
10,312,005 | |||||
Hungary 0.1% | |||||
MFB Magyar Fejlesztesi Bank Zrt, Gov’t. Gtd. Notes | 1.375 | 06/24/25 | EUR | 4,270 | 4,135,854 |
14
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Iceland 0.1% | |||||
Landsvirkjun, Gov’t. Gtd. Notes, EMTN, 3 Month EURIBOR + 0.090% | 0.235 %(c) | 07/24/26 | EUR | 5,000 | $5,037,224 |
India 0.4% | |||||
NTPC Ltd., Sr. Unsec’d. Notes, EMTN | 2.750 | 02/01/27 | EUR | 13,640 | 12,902,175 |
Power Finance Corp. Ltd., Sr. Unsec’d. Notes, GMTN | 1.841 | 09/21/28 | EUR | 3,100 | 2,625,378 |
15,527,553 | |||||
Indonesia 0.3% | |||||
Freeport Indonesia PT, | |||||
Sr. Unsec’d. Notes, 144A, MTN | 4.763 | 04/14/27 | 600 | 582,750 | |
Sr. Unsec’d. Notes, 144A, MTN | 5.315 | 04/14/32 | 1,890 | 1,760,062 | |
Pertamina Persero PT, Sr. Unsec’d. Notes, 144A, MTN | 4.300 | 05/20/23 | 500 | 500,300 | |
Perusahaan Listrik Negara PT, Sr. Unsec’d. Notes, 144A | 1.875 | 11/05/31 | EUR | 6,900 | 5,413,844 |
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, | |||||
Sr. Unsec’d. Notes | 2.875 | 10/25/25 | EUR | 2,400 | 2,412,753 |
Sr. Unsec’d. Notes, 144A | 2.875 | 10/25/25 | EUR | 900 | 904,783 |
11,574,492 | |||||
Israel 0.5% | |||||
Energean Israel Finance Ltd., Sr. Sec’d. Notes, 144A | 4.500 | 03/30/24 | 654 | 622,935 | |
Israel Electric Corp. Ltd., | |||||
Sr. Sec’d. Notes | 7.875 | 12/15/26 | 5,500 | 6,146,250 | |
Sr. Sec’d. Notes, 144A, GMTN(a) | 4.250 | 08/14/28 | 1,550 | 1,532,853 | |
Sr. Sec’d. Notes, EMTN | 3.700 | 05/23/30 | JPY | 200,000 | 1,668,812 |
Sr. Sec’d. Notes, EMTN | 7.750 | 12/15/27 | 9,750 | 11,061,984 | |
21,032,834 | |||||
Italy 0.3% | |||||
Assicurazioni Generali SpA, Sub. Notes, EMTN | 5.500(ff) | 10/27/47 | EUR | 2,075 | 2,225,520 |
Intesa Sanpaolo SpA, Sub. Notes, 144A | 4.198(ff) | 06/01/32 | 1,430 | 1,094,865 |
15
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Italy (cont’d.) | |||||
Rossini Sarl, Sr. Sec’d. Notes, 144A | 6.750 % | 10/30/25 | EUR | 1,980 | $2,032,774 |
UniCredit SpA, Sr. Unsec’d. Notes, 144A | 1.982(ff) | 06/03/27 | 8,485 | 7,329,427 | |
12,682,586 | |||||
Jamaica 0.2% | |||||
Digicel International Finance Ltd./Digicel International Holdings Ltd., | |||||
Gtd. Notes, 144A | 8.000 | 12/31/26 | 1,100 | 759,000 | |
Gtd. Notes, 144A, Cash coupon 6.000% and PIK 7.000% | 13.000 | 12/31/25 | 1,109 | 928,083 | |
Sr. Sec’d. Notes, 144A | 8.750 | 05/25/24 | 750 | 704,203 | |
Sr. Sec’d. Notes, 144A | 8.750 | 05/25/24 | 7,250 | 6,782,375 | |
9,173,661 | |||||
Japan 0.3% | |||||
Central Nippon Expressway Co. Ltd., Sr. Unsec’d. Notes, EMTN | 1.873 | 09/26/24 | AUD | 3,000 | 2,005,297 |
East Japan Railway Co., Sr. Unsec’d. Notes, EMTN | 5.250 | 04/22/33 | GBP | 1,500 | 2,149,161 |
Mizuho Bank Ltd., Certificate of Deposit | 1.700 | 08/07/24 | AUD | 600 | 400,957 |
Mizuho Financial Group, Inc., Sr. Unsec’d. Notes | 3.752 | 07/19/23 | AUD | 1,042 | 726,225 |
Nomura Holdings, Inc., | |||||
Sr. Unsec’d. Notes | 2.608 | 07/14/31 | 2,070 | 1,702,084 | |
Sr. Unsec’d. Notes(a) | 2.999 | 01/22/32 | 7,475 | 6,296,618 | |
13,280,342 | |||||
Kazakhstan 0.3% | |||||
Kazakhstan Temir Zholy Finance BV, Gtd. Notes(a) | 6.950 | 07/10/42 | 1,800 | 1,523,358 | |
Kazakhstan Temir Zholy National Co. JSC, Gtd. Notes | 3.250 | 12/05/23 | CHF | 8,500 | 8,254,649 |
9,778,007 |
16
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Luxembourg 0.2% | |||||
ARD Finance SA, | |||||
Sr. Sec’d. Notes, Cash coupon 5.000% or PIK 5.750% | 5.000 % | 06/30/27 | EUR | 4,625 | $3,521,045 |
Sr. Sec’d. Notes, 144A, Cash coupon 5.000% or PIK 5.750% | 5.000 | 06/30/27 | EUR | 7,342 | 5,588,960 |
Codere New Holdco SA, Sr. Sec’d. Notes, 144A, Cash coupon N/A or PIK 7.500% | 7.500 | 11/30/27(d) | EUR | 441 | 366,267 |
9,476,272 | |||||
Malta 0.1% | |||||
Freeport Terminal Malta PLC, Gov’t. Gtd. Notes, 144A | 7.250 | 05/15/28 | 3,000 | 3,566,232 | |
Mexico 1.1% | |||||
Comision Federal de Electricidad, Sr. Unsec’d. Notes | 5.000 | 09/29/36 | 11,850 | 10,191,000 | |
Petroleos Mexicanos, | |||||
Gtd. Notes | 3.625 | 11/24/25 | EUR | 8,175 | 7,474,301 |
Gtd. Notes(a) | 6.500 | 01/23/29 | 500 | 425,055 | |
Gtd. Notes | 9.500 | 09/15/27 | 2,000 | 2,076,250 | |
Gtd. Notes, EMTN | 3.750 | 11/16/25 | GBP | 290 | 305,662 |
Gtd. Notes, EMTN(a) | 3.750 | 04/16/26 | EUR | 5,457 | 4,824,388 |
Gtd. Notes, EMTN | 4.875 | 02/21/28 | EUR | 22,200 | 18,805,066 |
U.S. Gov’t. Gtd. Notes, 3 Month LIBOR + 0.430% | 1.841(c) | 02/15/24 | 1,313 | 1,312,177 | |
45,413,899 | |||||
Netherlands 0.9% | |||||
ABN AMRO Bank NV, Sub. Notes, 144A | 4.750 | 07/28/25 | 500 | 498,050 | |
BNG Bank NV, | |||||
Sr. Unsec’d. Notes, EMTN | 0.500 | 08/15/22 | ZAR | 30,000 | 1,799,820 |
Sr. Unsec’d. Notes, Series MPLE, MTN | 1.765(s) | 04/05/28 | CAD | 2,600 | 1,676,973 |
Cooperatieve Rabobank UA, | |||||
Sr. Unsec’d. Notes, EMTN | 2.750 | 03/04/24 | NZD | 376 | 231,478 |
Sr. Unsec’d. Notes, GMTN | 9.298(s) | 03/11/39 | MXN | 22,000 | 209,953 |
Sr. Unsec’d. Notes, GMTN | 3.500 | 12/14/26 | AUD | 2,882 | 1,890,156 |
Sub. Notes, Series 01 | 1.429 | 12/19/24 | JPY | 300,000 | 2,272,643 |
OCI NV, Sr. Sec’d. Notes, 144A | 3.625 | 10/15/25 | EUR | 8,370 | 8,461,876 |
17
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Netherlands (cont’d.) | |||||
United Group BV, | |||||
Sr. Sec’d. Notes | 4.875 % | 07/01/24 | EUR | 300 | $293,408 |
Sr. Sec’d. Notes, 144A | 3.125 | 02/15/26 | EUR | 3,800 | 3,249,604 |
Sr. Sec’d. Notes, 144A | 5.250 | 02/01/30 | EUR | 11,575 | 9,235,765 |
WP/AP Telecom Holdings IV BV, Sr. Sec’d. Notes, 144A | 3.750 | 01/15/29 | EUR | 2,300 | 2,090,181 |
Ziggo Bond Co. BV, Gtd. Notes, 144A | 3.375 | 02/28/30 | EUR | 6,000 | 4,763,089 |
36,672,996 | |||||
Norway 0.1% | |||||
Equinor ASA, Gtd. Notes | 6.800 | 01/15/28 | 2,265 | 2,561,878 | |
Peru 0.0% | |||||
Lima Metro Line 2 Finance Ltd., Sr. Sec’d. Notes | 5.875 | 07/05/34 | 96 | 93,612 | |
Peru Enhanced Pass-Through Finance Ltd., Pass-Through Certificates | 2.077(s) | 06/02/25 | 747 | 699,194 | |
792,806 | |||||
Philippines 0.1% | |||||
Bangko Sentral ng Pilipinas International Bond, Sr. Unsec’d. Notes, Series A | 8.600 | 06/15/27 | 3,560 | 4,200,800 | |
Poland 0.2% | |||||
Bank Gospodarstwa Krajowego, | |||||
Gov’t. Gtd. Notes | 1.375 | 06/01/25 | EUR | 500 | 496,269 |
Gov’t. Gtd. Notes | 1.625 | 04/30/28 | EUR | 600 | 563,712 |
Gov’t. Gtd. Notes, EMTN | 1.750 | 05/06/26 | EUR | 4,700 | 4,660,426 |
5,720,407 | |||||
Portugal 0.8% | |||||
CP - Comboios de Portugal EPE, Sr. Unsec’d. Notes | 5.700 | 03/05/30 | EUR | 26,900 | 33,951,936 |
18
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Qatar 0.1% | |||||
QNB Finance Ltd., | |||||
Gtd. Notes, EMTN | 3.500 % | 03/09/26 | CNH | 7,400 | $1,068,062 |
Gtd. Notes, MTN | 4.900 | 02/01/28 | AUD | 970 | 687,609 |
1,755,671 | |||||
Russia 0.6% | |||||
Gazprom PJSC Via Gaz Capital SA, | |||||
Sr. Unsec’d. Notes | 1.450 | 03/06/23 | CHF | 11,325 | 7,376,687 |
Sr. Unsec’d. Notes | 2.250 | 11/22/24 | EUR | 1,570 | 657,894 |
Sr. Unsec’d. Notes | 2.500 | 03/21/26 | EUR | 3,500 | 1,430,870 |
Sr. Unsec’d. Notes | 4.250 | 04/06/24 | GBP | 15,927 | 7,758,360 |
Sr. Unsec’d. Notes, EMTN | 4.364 | 03/21/25 | EUR | 4,000 | 1,635,280 |
Gazprom PJSC via Gaz Finance PLC, | |||||
Sr. Unsec’d. Notes | 3.000 | 06/29/27 | 1,410 | 592,200 | |
Sr. Unsec’d. Notes, EMTN | 1.540 | 06/30/27 | CHF | 6,000 | 2,458,370 |
Russian Railways Via RZD Capital PLC, | |||||
Sr. Unsec’d. Notes | 0.898 | 10/03/25(d) | CHF | 9,450 | 496,402 |
Sr. Unsec’d. Notes | 2.200 | 05/23/27(d) | EUR | 621 | 31,735 |
Sr. Unsec’d. Notes | 7.487 | 03/25/31(d) | GBP | 8,121 | 1,087,873 |
23,525,671 | |||||
Singapore 0.0% | |||||
BOC Aviation USA Corp., Gtd. Notes, 144A, MTN(h) | 1.625 | 04/29/24 | 1,670 | 1,597,004 | |
South Africa 0.3% | |||||
Eskom Holdings SOC Ltd., | |||||
Gov’t. Gtd. Notes, 144A, MTN | 6.350 | 08/10/28 | 1,350 | 1,283,766 | |
Gov’t. Gtd. Notes, MTN | 6.350 | 08/10/28 | 12,000 | 11,411,250 | |
Sasol Financing International Ltd., Gtd. Notes | 4.500 | 11/14/22 | 800 | 796,000 | |
13,491,016 | |||||
South Korea 0.5% | |||||
Korea Development Bank (The), | |||||
Sr. Unsec’d. Notes, EMTN | 1.830 | 08/10/27 | SEK | 74,000 | 6,936,288 |
Sr. Unsec’d. Notes, EMTN | 6.000 | 01/22/25 | IDR | 15,000,000 | 997,438 |
Korea Expressway Corp., | |||||
Sr. Unsec’d. Notes, EMTN | 3.100 | 06/08/26 | 600 | 598,493 | |
Sr. Unsec’d. Notes, GMTN | 2.310 | 04/28/32 | SEK | 80,000 | 7,388,090 |
19
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
South Korea (cont’d.) | |||||
Korea Expressway Corp., (cont’d.) | |||||
Sr. Unsec’d. Notes, GMTN | 3.030 % | 05/11/32 | CAD | 7,500 | $5,570,547 |
Korea Hydro & Nuclear Power Co. Ltd., Sr. Unsec’d. Notes, EMTN | 3.350 | 03/13/28 | HKD | 2,000 | 246,289 |
21,737,145 | |||||
Spain 0.6% | |||||
Banco Santander SA, | |||||
Sr. Unsec’d. Notes | 3.306 | 06/27/29 | 1,600 | 1,484,182 | |
Sub. Notes | 2.749 | 12/03/30 | 600 | 478,746 | |
Cellnex Finance Co. SA, Gtd. Notes, EMTN | 2.000 | 02/15/33 | EUR | 11,900 | 9,355,321 |
Codere Finance 2 Luxembourg SA, | |||||
Sr. Sec’d. Notes, 144A, Cash coupon 8.000% and PIK 3.000% | 11.000 | 09/30/26(d) | EUR | 1,109 | 1,156,096 |
Sr. Sec’d. Notes, 144A, Cash coupon 2.000% and PIK 11.625% | 13.625 | 11/30/27(d) | 428 | 385,256 | |
Lorca Telecom Bondco SA, Sr. Sec’d. Notes, 144A | 4.000 | 09/18/27 | EUR | 10,300 | 9,553,357 |
22,412,958 | |||||
Supranational Bank 1.3% | |||||
African Development Bank, | |||||
Sr. Unsec’d. Notes, EMTN | 0.500 | 03/13/23 | MXN | 20,000 | 922,436 |
Sr. Unsec’d. Notes, EMTN | 0.500 | 09/07/32 | MXN | 64,600 | 1,380,159 |
African Export-Import Bank (The), Sr. Unsec’d. Notes | 3.798 | 05/17/31 | 300 | 242,250 | |
Asian Infrastructure Investment Bank (The), Sr. Unsec’d. Notes, EMTN | 0.375 | 09/09/25 | THB | 72,000 | 1,916,675 |
European Bank for Reconstruction & Development, | |||||
Sr. Unsec’d. Notes, GMTN | 7.264(s) | 08/24/31 | RUB | 300,000 | 1,008,096 |
Sr. Unsec’d. Notes, GMTN | 6.450 | 12/13/22 | IDR | 60,560,000 | 4,097,727 |
Unsec’d. Notes, GMTN | 1.250 | 07/10/23 | PEN | 4,500 | 1,095,410 |
European Investment Bank, | |||||
Sr. Unsec’d. Notes, 144A, EMTN | 4.600 | 01/30/37 | CAD | 2,601 | 2,220,310 |
Sr. Unsec’d. Notes, 144A, EMTN | 5.400 | 01/05/45 | CAD | 4,200 | 4,056,343 |
Sr. Unsec’d. Notes, 144A, MTN | 2.047(s) | 05/28/37 | CAD | 20,500 | 9,124,644 |
Sr. Unsec’d. Notes, EMTN | 2.106(s) | 05/28/37 | CAD | 9,350 | 4,143,211 |
Sr. Unsec’d. Notes, EMTN | 1.000 | 02/25/28 | PLN | 3,985 | 641,726 |
Sr. Unsec’d. Notes, EMTN | 1.250 | 11/12/29 | SEK | 10,000 | 909,213 |
20
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Supranational Bank (cont’d.) | |||||
European Investment Bank, (cont’d.) | |||||
Sr. Unsec’d. Notes, EMTN | 1.500 % | 11/21/26 | 500 | $456,260 | |
Sr. Unsec’d. Notes, EMTN | 4.600 | 01/30/37 | CAD | 1,150 | 981,683 |
Sr. Unsec’d. Notes, EMTN | 6.270 | 08/28/24 | IDR | 10,000,000 | 679,184 |
Inter-American Development Bank, | |||||
Sr. Unsec’d. Notes, EMTN | 7.875 | 03/14/23 | IDR | 137,000,000 | 9,350,775 |
Sr. Unsec’d. Notes, GMTN | 7.500 | 12/05/24 | MXN | 600 | 28,339 |
International Bank for Reconstruction & Development, | |||||
Notes, MTN | 0.887(s) | 03/01/26 | 1,350 | 1,197,203 | |
Sr. Unsec’d. Notes, EMTN | 1.928(s) | 04/23/32 | AUD | 8,758 | 4,103,075 |
Sr. Unsec’d. Notes, EMTN, 3 Month LIBOR + 0.000% (Cap 1.820%, Floor 0.000%) | 0.127(c) | 08/11/26 | 72 | 66,186 | |
Sr. Unsec’d. Notes, EMTN | 6.630 | 07/24/28 | MXN | 33,700 | 1,465,439 |
Sr. Unsec’d. Notes, MTN, 3 Month LIBOR + 0.000% (Cap 2.330%, Floor 0.000%) | 1.598(c) | 05/31/26 | 4 | 3,762 | |
Sr. Unsec’d. Notes, MTN | 2.700 | 12/28/37 | 300 | 257,837 | |
International Finance Corp., | |||||
Sr. Unsec’d. Notes, GMTN | 8.215(s) | 01/27/37 | MXN | 78,000 | 1,119,484 |
Sr. Unsec’d. Notes, GMTN | 7.020 | 04/06/28 | MXN | 44,300 | 2,006,073 |
North American Development Bank, Sr. Unsec’d. Notes | 2.400 | 10/26/22 | 198 | 197,149 | |
53,670,649 | |||||
Switzerland 0.7% | |||||
Credit Suisse Group AG, | |||||
Sr. Unsec’d. Notes, 144A | 1.305(ff) | 02/02/27 | 6,440 | 5,557,766 | |
Sr. Unsec’d. Notes, 144A | 2.593(ff) | 09/11/25 | 1,390 | 1,303,695 | |
Sr. Unsec’d. Notes, 144A | 3.869(ff) | 01/12/29 | 900 | 813,836 | |
Sr. Unsec’d. Notes, 144A | 4.207(ff) | 06/12/24 | 2,850 | 2,822,531 | |
Sr. Unsec’d. Notes, 144A | 4.282 | 01/09/28 | 2,075 | 1,930,489 | |
Sr. Unsec’d. Notes, EMTN | 3.500(ff) | 03/08/24 | AUD | 750 | 520,750 |
UBS AG, Sr. Unsec’d. Notes | 1.200 | 07/30/25 | AUD | 1,855 | 1,194,427 |
UBS Group AG, | |||||
Sr. Unsec’d. Notes, 144A | 1.494(ff) | 08/10/27 | 13,125 | 11,625,198 | |
Sr. Unsec’d. Notes, 144A | 4.125 | 09/24/25 | 2,500 | 2,505,793 | |
28,274,485 |
21
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Ukraine 0.0% | |||||
NAK Naftogaz Ukraine via Kondor Finance PLC, Sr. Unsec’d. Notes | 7.125 % | 07/19/24 | EUR | 1,100 | $220,635 |
United Arab Emirates 0.8% | |||||
ADCB Finance Cayman Ltd., Gtd. Notes, MTN | 4.500 | 10/25/27 | AUD | 2,370 | 1,659,334 |
DP World PLC, | |||||
Sr. Unsec’d. Notes | 2.375 | 09/25/26 | EUR | 3,212 | 3,166,490 |
Sr. Unsec’d. Notes | 4.250 | 09/25/30 | GBP | 6,825 | 8,228,370 |
Sr. Unsec’d. Notes, 144A | 4.250 | 09/25/30 | GBP | 1,840 | 2,216,643 |
Emirates NBD Bank PJSC, | |||||
Sr. Unsec’d. Notes | 3.050 | 02/26/30 | AUD | 600 | 375,562 |
Sr. Unsec’d. Notes, MTN | 4.750 | 02/09/28 | AUD | 7,730 | 5,508,295 |
Sr. Unsec’d. Notes, MTN | 4.850 | 10/12/27 | AUD | 4,090 | 2,906,442 |
Emirates Telecommunications Group Co. PJSC, Sr. Unsec’d. Notes, GMTN | 2.750 | 06/18/26 | EUR | 4,000 | 4,117,073 |
First Abu Dhabi Bank PJSC, | |||||
Sr. Unsec’d. Notes, EMTN | 0.875 | 12/09/25 | GBP | 1,983 | 2,206,613 |
Sr. Unsec’d. Notes, EMTN | 3.500 | 07/02/25 | CNH | 2,170 | 317,686 |
30,702,508 | |||||
United Kingdom 3.6% | |||||
Barclays Bank PLC, Sr. Unsec’d. Notes, EMTN | 2.100 | 11/13/25 | CNH | 18,000 | 2,487,244 |
Barclays PLC, | |||||
Sr. Unsec’d. Notes, MTN | 3.250 | 06/26/24 | AUD | 1,750 | 1,203,620 |
Sr. Unsec’d. Notes, MTN | 4.000 | 06/26/29 | AUD | 2,000 | 1,260,280 |
Sr. Unsec’d. Notes, MTN | 4.327 | 06/15/23 | AUD | 1,750 | 1,228,839 |
Sr. Unsec’d. Notes, MTN | 5.244 | 06/15/28 | AUD | 1,000 | 694,988 |
Sr. Unsec’d. Notes, Series 01 | 1.232(ff) | 09/25/24 | JPY | 100,000 | 754,683 |
Sub. Notes(a) | 4.836 | 05/09/28 | 3,780 | 3,665,239 | |
Bellis Acquisition Co. PLC, Sr. Sec’d. Notes, 144A | 3.250 | 02/16/26 | GBP | 21,100 | 20,847,693 |
Bellis Finco PLC, Sr. Unsec’d. Notes, 144A | 4.000 | 02/16/27 | GBP | 6,700 | 5,596,058 |
BP Capital Markets PLC, Gtd. Notes | 4.375(ff) | 06/22/25(oo) | 14,500 | 14,307,334 | |
Constellation Automotive Financing PLC, Sr. Sec’d. Notes(a) | 4.875 | 07/15/27 | GBP | 2,000 | 1,948,641 |
Co-operative Group Holdings 2011 Ltd., Gtd. Notes(a) | 7.500 | 07/08/26 | GBP | 7,495 | 8,093,367 |
22
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United Kingdom (cont’d.) | |||||
Co-operative Group Ltd., Sr. Unsec’d. Notes | 5.125 % | 05/17/24 | GBP | 3,400 | $3,807,871 |
CPUK Finance Ltd., Sec’d. Notes, 144A | 4.875 | 02/28/47 | GBP | 110 | 124,623 |
eG Global Finance PLC, Sr. Sec’d. Notes | 6.250 | 10/30/25 | EUR | 10,653 | 10,076,360 |
HSBC Bank PLC, | |||||
Sr. Unsec’d. Notes, 144A, EMTN | 3.120 | 04/04/26 | CNH | 36,800 | 5,314,889 |
Sr. Unsec’d. Notes, EMTN, 3 Month LIBOR + 0.000% | 0.132(c) | 09/28/24 | 11,320 | 10,810,600 | |
HSBC Holdings PLC, | |||||
Sr. Unsec’d. Notes | 2.206(ff) | 08/17/29 | 4,300 | 3,660,820 | |
Sr. Unsec’d. Notes | 3.973(ff) | 05/22/30 | 2,400 | 2,252,819 | |
Sr. Unsec’d. Notes, EMTN | 3.350(ff) | 02/16/24 | AUD | 1,870 | 1,302,078 |
Sr. Unsec’d. Notes, Series 02 | 0.842 | 09/26/23 | JPY | 700,000 | 5,246,063 |
Sr. Unsec’d. Notes, Series 04 | 0.575(ff) | 09/13/24 | JPY | 100,000 | 745,454 |
Kane Bidco Ltd., Sr. Sec’d. Notes, 144A | 6.500 | 02/15/27 | GBP | 8,325 | 8,944,810 |
Ladbrokes Group Finance PLC, Sr. Sec’d. Notes | 5.125 | 09/08/23 | GBP | 1,210 | 1,459,643 |
Lloyds Bank PLC, Sr. Unsec’d. Notes, EMTN | 0.000 | 04/02/32 | 1,200 | 796,896 | |
Lloyds Banking Group PLC, | |||||
Sr. Unsec’d. Notes, MTN | 4.250 | 11/22/27 | AUD | 160 | 106,761 |
Sub. Notes | 4.582 | 12/10/25 | 2,250 | 2,221,035 | |
Market Bidco Finco PLC, Sr. Sec’d. Notes, 144A | 5.500 | 11/04/27 | GBP | 9,800 | 9,965,257 |
Pinewood Finance Co. Ltd., Sr. Sec’d. Notes, 144A | 3.250 | 09/30/25 | GBP | 1,700 | 1,873,585 |
Tesco Corporate Treasury Services PLC, Gtd. Notes, EMTN(a) | 2.500 | 07/01/24 | EUR | 750 | 774,190 |
Virgin Media Secured Finance PLC, | |||||
Sr. Sec’d. Notes | 5.000 | 04/15/27 | GBP | 2,800 | 3,219,275 |
Sr. Sec’d. Notes, 144A | 5.000 | 04/15/27 | GBP | 5,900 | 6,783,473 |
William Hill Ltd., Gtd. Notes, MTN | 4.750 | 05/01/26 | GBP | 3,315 | 4,038,279 |
145,612,767 | |||||
United States 22.8% | |||||
Adient Global Holdings Ltd., Gtd. Notes, 144A | 3.500 | 08/15/24 | EUR | 1,234 | 1,202,737 |
23
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Aflac, Inc., | |||||
Sr. Unsec’d. Notes | 0.500 % | 12/17/29 | JPY | 100,000 | $711,459 |
Sr. Unsec’d. Notes | 0.830 | 03/12/35 | JPY | 100,000 | 707,651 |
Sr. Unsec’d. Notes | 0.932 | 01/25/27 | JPY | 80,000 | 608,420 |
Sr. Unsec’d. Notes | 1.159 | 10/18/30 | JPY | 600,000 | 4,581,662 |
Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s LP/Albertson’s LLC, | |||||
Gtd. Notes, 144A | 3.500 | 02/15/23 | 5,000 | 4,996,615 | |
Gtd. Notes, 144A(a) | 3.500 | 03/15/29 | 2,975 | 2,583,376 | |
Altria Group, Inc., Gtd. Notes | 3.125 | 06/15/31 | EUR | 2,900 | 2,765,637 |
AMC Entertainment Holdings, Inc., Sec’d. Notes, 144A, Cash coupon 10.000% or PIK 12.000% or Cash coupon 5.000% and PIK 6.000% | 10.000 | 06/15/26 | 903 | 715,417 | |
American International Group, Inc., Sr. Unsec’d. Notes | 1.875 | 06/21/27 | EUR | 2,100 | 2,094,003 |
AmeriGas Partners LP/AmeriGas Finance Corp., | |||||
Sr. Unsec’d. Notes | 5.500 | 05/20/25 | 3,375 | 3,395,556 | |
Sr. Unsec’d. Notes | 5.625 | 05/20/24 | 3,050 | 3,090,578 | |
Antero Midstream Partners LP/Antero Midstream Finance Corp., Gtd. Notes, 144A | 7.875 | 05/15/26 | 3,550 | 3,713,596 | |
Antero Resources Corp., Gtd. Notes, 144A | 8.375 | 07/15/26 | 1,170 | 1,259,809 | |
Ascent Resources Utica Holdings LLC/ARU Finance Corp., | |||||
Gtd. Notes, 144A | 7.000 | 11/01/26 | 575 | 556,490 | |
Gtd. Notes, 144A | 9.000 | 11/01/27 | 629 | 763,524 | |
Sr. Unsec’d. Notes, 144A | 8.250 | 12/31/28 | 1,825 | 1,781,416 | |
Ashton Woods USA LLC/Ashton Woods Finance Co., Sr. Unsec’d. Notes, 144A | 6.625 | 01/15/28 | 6,582 | 5,767,411 | |
AT&T, Inc., | |||||
Sr. Unsec’d. Notes | 2.550 | 12/01/33 | 97 | 82,128 | |
Sr. Unsec’d. Notes | 3.500 | 09/15/53 | 1,511 | 1,192,552 | |
Sr. Unsec’d. Notes | 4.100 | 01/19/26 | AUD | 2,280 | 1,585,071 |
Sr. Unsec’d. Notes, EMTN | 7.000 | 04/30/40 | GBP | 1,550 | 2,477,936 |
Sr. Unsec’d. Notes, Series MPLE | 4.850 | 05/25/47 | CAD | 150 | 106,558 |
Sr. Unsec’d. Notes, Series MPLE | 5.100 | 11/25/48 | CAD | 4,575 | 3,372,837 |
Bank of America Corp., | |||||
Jr. Sub. Notes, Series MM | 4.300(ff) | 01/28/25(oo) | 24,396 | 21,265,662 | |
Sr. Unsec’d. Notes | 2.572(ff) | 10/20/32 | 8,150 | 6,980,280 |
24
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Bank of America Corp., (cont’d.) | |||||
Sr. Unsec’d. Notes | 2.687 %(ff) | 04/22/32 | 18,820 | $16,365,098 | |
Sr. Unsec’d. Notes | 3.419(ff) | 12/20/28 | 4,519 | 4,323,122 | |
Sr. Unsec’d. Notes, MTN | 2.087(ff) | 06/14/29 | 25,850 | 22,832,065 | |
Sr. Unsec’d. Notes, MTN | 2.496(ff) | 02/13/31 | 2,755 | 2,409,071 | |
Sr. Unsec’d. Notes, MTN | 2.884(ff) | 10/22/30 | 4,865 | 4,404,240 | |
Sr. Unsec’d. Notes, MTN | 3.194(ff) | 07/23/30 | 5,140 | 4,737,558 | |
Sub. Notes | 6.800 | 03/15/28 | 377 | 424,244 | |
Sub. Notes, EMTN | 8.125 | 06/02/28 | GBP | 500 | 717,756 |
Bausch Health Americas, Inc., Gtd. Notes, 144A | 8.500 | 01/31/27 | 1,550 | 978,899 | |
Bausch Health Cos., Inc., | |||||
Gtd. Notes, 144A(a) | 5.000 | 01/30/28 | 2,590 | 1,379,175 | |
Gtd. Notes, 144A | 5.000 | 02/15/29 | 175 | 88,594 | |
Gtd. Notes, 144A(a) | 5.250 | 01/30/30 | 5,500 | 2,832,500 | |
Gtd. Notes, 144A(a) | 5.250 | 02/15/31 | 2,000 | 1,025,400 | |
Gtd. Notes, 144A | 6.250 | 02/15/29 | 400 | 213,484 | |
Beazer Homes USA, Inc., | |||||
Gtd. Notes | 5.875 | 10/15/27 | 1,300 | 1,146,667 | |
Gtd. Notes | 6.750 | 03/15/25 | 2,075 | 1,996,806 | |
Gtd. Notes(a) | 7.250 | 10/15/29 | 1,675 | 1,523,380 | |
Berkshire Hathaway, Inc., | |||||
Sr. Unsec’d. Notes | 0.440 | 09/13/29 | JPY | 1,640,000 | 11,999,582 |
Sr. Unsec’d. Notes | 0.787 | 09/13/34 | JPY | 100,000 | 711,687 |
Sr. Unsec’d. Notes | 0.965 | 09/13/39 | JPY | 300,000 | 2,043,026 |
Boeing Co. (The), Sr. Unsec’d. Notes | 5.805 | 05/01/50 | 4,030 | 3,998,997 | |
Boxer Parent Co., Inc., Sr. Sec’d. Notes, 144A | 7.125 | 10/02/25 | 4,800 | 4,750,228 | |
Brixmor Operating Partnership LP, | |||||
Sr. Unsec’d. Notes | 2.500 | 08/16/31 | 1,880 | 1,514,906 | |
Sr. Unsec’d. Notes(a) | 4.125 | 05/15/29 | 2,865 | 2,707,638 | |
Broadcom, Inc., | |||||
Gtd. Notes, 144A | 3.500 | 02/15/41 | 3,765 | 2,999,854 | |
Sr. Unsec’d. Notes, 144A | 3.137 | 11/15/35 | 4,626 | 3,725,291 | |
Sr. Unsec’d. Notes, 144A | 3.419 | 04/15/33 | 6,765 | 5,847,479 | |
Caesars Entertainment, Inc., | |||||
Sr. Sec’d. Notes, 144A | 6.250 | 07/01/25 | 2,660 | 2,656,610 | |
Sr. Unsec’d. Notes, 144A(a) | 4.625 | 10/15/29 | 575 | 487,236 | |
Caledonia Generating LLC, Sr. Sec’d. Notes, 144A | 1.950 | 02/28/34 | 2,563 | 2,333,302 |
25
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Calpine Corp., | |||||
Sr. Unsec’d. Notes, 144A | 4.625 % | 02/01/29 | 2,770 | $2,489,215 | |
Sr. Unsec’d. Notes, 144A(a) | 5.000 | 02/01/31 | 2,180 | 1,931,799 | |
Sr. Unsec’d. Notes, 144A(a) | 5.125 | 03/15/28 | 5,000 | 4,700,553 | |
Cantor Fitzgerald LP, Sr. Unsec’d. Notes, 144A | 1.150 | 04/21/23 | JPY | 200,000 | 1,505,181 |
CCO Holdings LLC/CCO Holdings Capital Corp., | |||||
Sr. Unsec’d. Notes, 144A(a) | 4.250 | 02/01/31 | 9,500 | 8,238,820 | |
Sr. Unsec’d. Notes, 144A | 4.500 | 06/01/33 | 2,675 | 2,251,494 | |
Sr. Unsec’d. Notes, 144A | 5.375 | 06/01/29 | 550 | 525,464 | |
Sr. Unsec’d. Notes, 144A | 5.500 | 05/01/26 | 500 | 499,520 | |
CDW LLC/CDW Finance Corp., Gtd. Notes | 2.670 | 12/01/26 | 7,675 | 7,016,818 | |
Central Garden & Pet Co., Gtd. Notes, 144A | 4.125 | 04/30/31 | 675 | 582,353 | |
CF Industries, Inc., | |||||
Gtd. Notes | 4.950 | 06/01/43 | 1,230 | 1,123,790 | |
Gtd. Notes | 5.375 | 03/15/44 | 3,560 | 3,432,360 | |
Gtd. Notes, 144A | 4.500 | 12/01/26 | 6,451 | 6,526,184 | |
Charter Communications Operating LLC/Charter Communications Operating Capital, | |||||
Sr. Sec’d. Notes | 2.800 | 04/01/31 | 3,625 | 3,062,037 | |
Sr. Sec’d. Notes | 3.900 | 06/01/52 | 3,365 | 2,437,538 | |
Sr. Sec’d. Notes | 4.800 | 03/01/50 | 5,250 | 4,329,718 | |
Sr. Sec’d. Notes | 6.384 | 10/23/35 | 2,357 | 2,475,333 | |
Chesapeake Energy Corp., | |||||
Gtd. Notes, 144A | 5.500 | 02/01/26 | 650 | 650,000 | |
Gtd. Notes, 144A | 5.875 | 02/01/29 | 600 | 602,809 | |
CitiFinancial Credit Co., Sr. Unsec’d. Notes | 7.875 | 02/01/25 | 662 | 719,845 | |
Citigroup Global Markets Holdings, Inc., | |||||
Gtd. Notes, GMTN | 3.790 | 09/28/28 | HKD | 6,000 | 763,148 |
Gtd. Notes, GMTN | 4.100(cc) | 06/12/24 | 8,398 | 8,525,617 | |
Citigroup, Inc., | |||||
Jr. Sub. Notes | 3.875(ff) | 02/18/26(oo) | 19,245 | 17,632,771 | |
Sr. Unsec’d. Notes | 2.520(ff) | 11/03/32 | 1,660 | 1,410,954 | |
Sr. Unsec’d. Notes | 2.561(ff) | 05/01/32 | 6,600 | 5,669,417 | |
Sr. Unsec’d. Notes | 2.800 | 06/25/27 | JPY | 770,000 | 6,249,097 |
Sr. Unsec’d. Notes, EMTN | 6.500 | 08/16/30 | GBP | 7 | 10,209 |
Sr. Unsec’d. Notes, GMTN | 0.620 | 09/21/27 | JPY | 100,000 | 740,088 |
Sr. Unsec’d. Notes, GMTN | 2.210 | 08/23/22 | HKD | 27,000 | 3,440,240 |
Sr. Unsec’d. Notes, GMTN | 2.600 | 12/07/22 | HKD | 5,000 | 636,894 |
26
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Citigroup, Inc., (cont’d.) | |||||
Sr. Unsec’d. Notes, Series 18BR | 2.360 % | 09/16/25 | JPY | 300,000 | $2,361,636 |
Corning, Inc., Sr. Unsec’d. Notes | 0.698 | 08/09/24 | JPY | 100,000 | 748,766 |
Dana, Inc., | |||||
Sr. Unsec’d. Notes | 4.500 | 02/15/32 | 4,025 | 3,360,383 | |
Sr. Unsec’d. Notes | 5.375 | 11/15/27 | 2,625 | 2,467,717 | |
DaVita, Inc., | |||||
Gtd. Notes, 144A | 3.750 | 02/15/31 | 1,075 | 822,405 | |
Gtd. Notes, 144A | 4.625 | 06/01/30 | 1,175 | 966,471 | |
DH Europe Finance II Sarl, Gtd. Notes | 0.450 | 03/18/28 | EUR | 2,200 | 2,087,664 |
Diamond Sports Group LLC/Diamond Sports Finance Co., Gtd. Notes, 144A | 6.625 | 08/15/27 | 3,740 | 349,840 | |
Discovery Communications LLC, | |||||
Gtd. Notes | 3.450 | 03/15/25 | 2,500 | 2,442,178 | |
Gtd. Notes | 5.300 | 05/15/49 | 2,480 | 2,214,775 | |
DISH DBS Corp., Gtd. Notes(a) | 7.750 | 07/01/26 | 4,950 | 4,087,874 | |
Diversified Healthcare Trust, Gtd. Notes | 9.750 | 06/15/25 | 1,376 | 1,372,250 | |
Dow Chemical Co. (The), Sr. Unsec’d. Notes | 9.400 | 05/15/39 | 88 | 125,987 | |
Energy Transfer LP, | |||||
Jr. Sub. Notes, Series G | 7.125(ff) | 05/15/30(oo) | 7,800 | 7,069,752 | |
Jr. Sub. Notes, Series H | 6.500(ff) | 11/15/26(oo) | 5,045 | 4,578,469 | |
Sr. Unsec’d. Notes | 5.400 | 10/01/47 | 2,200 | 2,016,779 | |
Sr. Unsec’d. Notes | 6.000 | 06/15/48 | 2,350 | 2,300,157 | |
ERAC USA Finance LLC, Gtd. Notes, 144A | 7.000 | 10/15/37 | 190 | 227,136 | |
Fidelity National Information Services, Inc., | |||||
Gtd. Notes | 1.100 | 07/15/24 | EUR | 2,300 | 2,336,425 |
Sr. Unsec’d. Notes | 1.500 | 05/21/27 | EUR | 5,600 | 5,540,844 |
Ford Motor Co., | |||||
Sr. Unsec’d. Notes | 4.750 | 01/15/43 | 5,000 | 4,084,495 | |
Sr. Unsec’d. Notes | 5.291 | 12/08/46 | 3,000 | 2,580,343 | |
Ford Motor Credit Co. LLC, | |||||
Sr. Unsec’d. Notes | 2.900 | 02/16/28 | 1,000 | 873,280 | |
Sr. Unsec’d. Notes | 4.134 | 08/04/25 | 200 | 195,867 | |
Sr. Unsec’d. Notes | 4.687 | 06/09/25 | 2,015 | 1,999,469 | |
Sr. Unsec’d. Notes, EMTN | 3.683 | 12/03/24 | AUD | 500 | 336,468 |
27
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Ford Motor Credit Co. LLC, (cont’d.) | |||||
Sr. Unsec’d. Notes, EMTN | 4.125 % | 06/20/24 | SGD | 2,000 | $1,453,507 |
General Motors Co., | |||||
Sr. Unsec’d. Notes(a) | 5.000 | 04/01/35 | 2,200 | 2,057,823 | |
Sr. Unsec’d. Notes | 5.400 | 04/01/48 | 2,050 | 1,849,976 | |
Sr. Unsec’d. Notes | 6.250 | 10/02/43 | 2,705 | 2,667,791 | |
General Motors Financial Co., Inc., Gtd. Notes | 3.850 | 01/05/28 | 2,900 | 2,718,197 | |
Golden Entertainment, Inc., Sr. Unsec’d. Notes, 144A(a) | 7.625 | 04/15/26 | 1,000 | 999,730 | |
Goldman Sachs Group, Inc. (The), | |||||
Jr. Sub. Notes, Series U | 3.650(ff) | 08/10/26(oo) | 11,370 | 9,615,095 | |
Sr. Unsec’d. Notes | 1.992(ff) | 01/27/32 | 2,450 | 2,018,559 | |
Sr. Unsec’d. Notes | 2.383(ff) | 07/21/32 | 1,770 | 1,492,163 | |
Sr. Unsec’d. Notes | 2.615(ff) | 04/22/32 | 9,660 | 8,335,184 | |
Sr. Unsec’d. Notes | 4.500 | 05/16/28 | AUD | 210 | 142,325 |
Sr. Unsec’d. Notes, EMTN | 1.428(s) | 12/15/23 | EUR | 200 | 198,891 |
Sr. Unsec’d. Notes, EMTN | 0.000(cc) | 08/12/25 | EUR | 3,216 | 3,141,830 |
Sr. Unsec’d. Notes, EMTN | 1.000 | 08/06/24 | JPY | 100,000 | 761,192 |
Sr. Unsec’d. Notes, EMTN | 1.000 | 08/16/32 | JPY | 200,000 | 1,433,235 |
Sr. Unsec’d. Notes, EMTN | 1.300 | 03/22/30 | JPY | 10,000 | 74,740 |
Sr. Unsec’d. Notes, EMTN, 3 Month LIBOR + 0.000% (Cap N/A, Floor 0.000%) | 1.598(c) | 11/30/24 | 40 | 39,000 | |
Sr. Unsec’d. Notes, EMTN, EURIBOR ICE SWAP 11:00 Fft 10Y Index + 0.000% (Cap 7.000%, Floor N/A) | 2.399(c) | 06/30/25 | EUR | 2,227 | 2,255,029 |
Sr. Unsec’d. Notes, EMTN | 2.500 | 11/26/22 | 1,500 | 1,494,627 | |
Sr. Unsec’d. Notes, EMTN | 4.100(cc) | 05/31/24 | 9,338 | 9,361,787 | |
Sr. Unsec’d. Notes, EMTN, EURIBOR ICE SWAP 11:00 Fft 20Y Index + 0.000% (Cap 12.000%, Floor 5.220%)^ | 5.220(c) | 08/24/30 | EUR | 5,000 | 5,721,436 |
Goldman Sachs International, Gtd. Notes, EMTN | 1.750 | 05/29/24 | EUR | 3,685 | 3,744,810 |
Greystone Commercial Capital Trust, Sr. Unsec’d. Notes, Series A, 144A, 1 Month LIBOR + 2.270%^ | 4.426(c) | 05/31/25 | 19,100 | 18,718,000 | |
HCA, Inc., | |||||
Gtd. Notes | 5.250 | 06/15/49 | 1,500 | 1,405,713 | |
Gtd. Notes | 5.625 | 09/01/28 | 700 | 725,369 | |
Gtd. Notes | 7.500 | 11/06/33 | 2,000 | 2,266,990 | |
Gtd. Notes, MTN | 7.750 | 07/15/36 | 2,000 | 2,314,902 | |
28
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Honeywell International, Inc., Sr. Unsec’d. Notes | 0.750 % | 03/10/32 | EUR | 3,000 | $2,729,831 |
Host Hotels & Resorts LP, Sr. Unsec’d. Notes | 3.875 | 04/01/24 | 5,000 | 4,963,232 | |
Housing & Urban Development Corp. Ltd. AID Bond, U.S. Gov’t. Gtd. Notes, 6 Month LIBOR + 0.035% | 1.166(c) | 09/15/30 | 800 | 793,157 | |
Hunt Cos., Inc., Sr. Sec’d. Notes, 144A | 5.250 | 04/15/29 | 5,750 | 4,962,371 | |
International Game Technology PLC, Sr. Sec’d. Notes, 144A | 4.125 | 04/15/26 | 5,450 | 5,187,691 | |
International Paper Co., Sr. Unsec’d. Notes | 7.300 | 11/15/39 | 75 | 89,630 | |
IQVIA, Inc., Gtd. Notes, 144A | 2.250 | 01/15/28 | EUR | 1,800 | 1,661,564 |
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc., | |||||
Gtd. Notes, 144A | 6.500 | 04/15/29 | 184 | 186,567 | |
Sr. Unsec’d. Notes, 144A | 5.500 | 01/15/30 | 2,600 | 2,510,625 | |
Jefferies Group LLC, Sr. Unsec’d. Notes | 2.750 | 10/15/32 | 9,275 | 7,304,909 | |
John Sevier Combined Cycle Generation LLC, Sec’d. Notes | 4.626 | 01/15/42 | 3,850 | 3,987,729 | |
JPMorgan Chase & Co., | |||||
Jr. Sub. Notes, Series HH | 4.600(ff) | 02/01/25(oo) | 23,506 | 21,010,636 | |
Jr. Sub. Notes, Series I, 3 Month LIBOR + 3.470% | 6.276(c) | 10/30/22(oo) | 219 | 218,013 | |
Jr. Sub. Notes, Series V, 3 Month LIBOR + 3.320% | 5.597(c) | 10/01/22(oo) | 1,000 | 981,335 | |
Sr. Unsec’d. Notes | 1.953(ff) | 02/04/32 | 13,490 | 11,220,669 | |
Sr. Unsec’d. Notes | 2.525(ff) | 11/19/41 | 6,200 | 4,599,840 | |
Sr. Unsec’d. Notes | 2.545(ff) | 11/08/32 | 8,945 | 7,684,980 | |
Sr. Unsec’d. Notes | 2.580(ff) | 04/22/32 | 7,590 | 6,587,903 | |
Sr. Unsec’d. Notes | 3.509(ff) | 01/23/29 | 3,200 | 3,062,254 | |
Sr. Unsec’d. Notes | 3.702(ff) | 05/06/30 | 1,590 | 1,520,308 | |
JPMorgan Chase Bank, NA, Sr. Unsec’d. Notes | 4.762(s) | 03/17/48 | ITL(jj) | 29,800,000 | 3,719,005 |
KB Home, Gtd. Notes(a) | 6.875 | 06/15/27 | 1,650 | 1,707,534 | |
Kimco Realty Corp., Sr. Unsec’d. Notes | 2.250 | 12/01/31 | 4,160 | 3,465,007 | |
Kraft Heinz Foods Co., Gtd. Notes | 4.875 | 10/01/49 | 15 | 14,025 | |
Lamb Weston Holdings, Inc., Gtd. Notes, 144A | 4.375 | 01/31/32 | 1,725 | 1,630,042 |
29
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Legacy LifePoint Health LLC, Sr. Sec’d. Notes, 144A | 4.375 % | 02/15/27 | 75 | $67,211 | |
Level 3 Financing, Inc., Sr. Sec’d. Notes, 144A | 3.400 | 03/01/27 | 4,042 | 3,652,793 | |
Liberty Mutual Group, Inc., | |||||
Gtd. Notes | 2.750 | 05/04/26 | EUR | 1,000 | 1,044,888 |
Gtd. Notes, 144A | 3.951 | 10/15/50 | 90 | 71,255 | |
LifePoint Health, Inc., Gtd. Notes, 144A(a) | 5.375 | 01/15/29 | 3,000 | 2,319,546 | |
Magallanes, Inc., | |||||
Gtd. Notes, 144A | 5.050 | 03/15/42 | 4,355 | 3,866,946 | |
Gtd. Notes, 144A | 5.141 | 03/15/52 | 8,795 | 7,684,607 | |
Gtd. Notes, 144A | 5.391 | 03/15/62 | 1,270 | 1,113,760 | |
Marathon Petroleum Corp., Sr. Unsec’d. Notes | 6.500 | 03/01/41 | 9,050 | 10,086,427 | |
Marriott International, Inc., | |||||
Sr. Unsec’d. Notes, Series EE | 5.750 | 05/01/25 | 875 | 913,086 | |
Sr. Unsec’d. Notes, Series HH | 2.850 | 04/15/31 | 9,115 | 7,813,769 | |
McDonald’s Corp., | |||||
Sr. Unsec’d. Notes, MTN | 3.450 | 09/08/26 | AUD | 1,220 | 826,842 |
Sr. Unsec’d. Notes, MTN | 3.800 | 03/08/29 | AUD | 5,090 | 3,379,675 |
Medline Borrower LP, | |||||
Sr. Sec’d. Notes, 144A | 3.875 | 04/01/29 | 5,450 | 4,920,516 | |
Sr. Unsec’d. Notes, 144A(a) | 5.250 | 10/01/29 | 550 | 496,920 | |
Medtronic Global Holdings SCA, | |||||
Gtd. Notes | 1.500 | 07/02/39 | EUR | 500 | 426,538 |
Gtd. Notes | 1.625 | 03/07/31 | EUR | 2,500 | 2,471,956 |
Gtd. Notes | 1.750 | 07/02/49 | EUR | 2,100 | 1,705,094 |
Gtd. Notes | 2.250 | 03/07/39 | EUR | 1,910 | 1,815,376 |
MetLife, Inc., Sr. Unsec’d. Notes | 0.769 | 05/23/29 | JPY | 600,000 | 4,420,844 |
Metropolitan Life Global Funding I, Sec’d. Notes, MTN | 4.000 | 07/13/27 | AUD | 300 | 205,352 |
Morgan Guaranty Trust Co., Sr. Unsec’d. Notes | 1.146(s) | 01/21/27 | ITL(jj) | 2,275,000 | 1,052,021 |
Morgan Stanley, | |||||
Sr. Unsec’d. Notes | 0.406(ff) | 10/29/27 | EUR | 10,000 | 9,444,783 |
Sr. Unsec’d. Notes, EMTN | 0.000 | 04/02/32 | 17,400 | 11,399,034 | |
Sr. Unsec’d. Notes, EMTN | 0.500(cc) | 06/26/43 | MXN | 16,700 | 124,800 |
Sr. Unsec’d. Notes, EMTN | 0.500(cc) | 09/25/43 | MXN | 33,900 | 249,001 |
Sr. Unsec’d. Notes, EMTN | 3.240 | 12/14/22 | EUR | 2,200 | 2,263,238 |
Sr. Unsec’d. Notes, EMTN | 5.632(s) | 10/05/26 | IDR | 2,000,000 | 102,360 |
30
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Morgan Stanley, (cont’d.) | |||||
Sr. Unsec’d. Notes, EMTN | 7.118 %(s) | 06/28/27 | MXN | 27,000 | $771,397 |
Sr. Unsec’d. Notes, EMTN | 7.500 | 12/15/27 | MXN | 33,300 | 1,442,720 |
Sr. Unsec’d. Notes, EMTN | 7.926(s) | 04/05/32 | MXN | 71,000 | 1,237,808 |
Sr. Unsec’d. Notes, EMTN | 7.950(s) | 11/07/31 | MXN | 56,000 | 977,675 |
Sr. Unsec’d. Notes, GMTN | 1.875 | 03/06/30 | EUR | 1,100 | 1,036,698 |
Sr. Unsec’d. Notes, MTN | 2.511(ff) | 10/20/32 | 4,320 | 3,708,912 | |
Sr. Unsec’d. Notes, MTN(a) | 2.943(ff) | 01/21/33 | 2,950 | 2,633,364 | |
MPLX LP, | |||||
Sr. Unsec’d. Notes | 4.000 | 03/15/28 | 515 | 504,116 | |
Sr. Unsec’d. Notes | 4.125 | 03/01/27 | 2,000 | 1,982,825 | |
MPT Operating Partnership LP/MPT Finance Corp., Gtd. Notes | 3.325 | 03/24/25 | EUR | 1,700 | 1,701,071 |
Nationstar Mortgage Holdings, Inc., | |||||
Gtd. Notes, 144A | 5.500 | 08/15/28 | 2,490 | 2,185,381 | |
Gtd. Notes, 144A | 6.000 | 01/15/27 | 735 | 681,264 | |
Newell Brands, Inc., Sr. Unsec’d. Notes | 4.450 | 04/01/26 | 1,300 | 1,284,161 | |
NRG Energy, Inc., Sr. Sec’d. Notes, 144A | 3.750 | 06/15/24 | 5,600 | 5,479,060 | |
Occidental Petroleum Corp., Sr. Unsec’d. Notes | 6.450 | 09/15/36 | 35 | 38,912 | |
OneMain Finance Corp., Gtd. Notes(a) | 4.000 | 09/15/30 | 1,800 | 1,425,418 | |
ONEOK Partners LP, Gtd. Notes | 4.900 | 03/15/25 | 2,000 | 2,025,861 | |
ONEOK, Inc., | |||||
Gtd. Notes(a) | 3.100 | 03/15/30 | 7,350 | 6,518,567 | |
Gtd. Notes | 4.450 | 09/01/49 | 2,000 | 1,639,439 | |
Organon & Co./Organon Foreign Debt Co-Issuer BV, | |||||
Sr. Sec’d. Notes, 144A | 4.125 | 04/30/28 | 800 | 759,083 | |
Sr. Unsec’d. Notes, 144A(a) | 5.125 | 04/30/31 | 1,725 | 1,616,076 | |
Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC, Sr. Sec’d. Notes, 144A(a) | 4.000 | 10/15/27 | 1,367 | 1,206,808 | |
Paramount Global, | |||||
Sr. Unsec’d. Notes | 4.375 | 03/15/43 | 1,089 | 874,785 | |
Sr. Unsec’d. Notes | 5.850 | 09/01/43 | 3,769 | 3,641,546 | |
Pilgrim’s Pride Corp., Gtd. Notes, 144A | 4.250 | 04/15/31 | 4,550 | 4,073,232 | |
Post Holdings, Inc., Sr. Unsec’d. Notes, 144A(a) | 4.500 | 09/15/31 | 2,500 | 2,235,612 |
31
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Prologis Yen Finance LLC, | |||||
Gtd. Notes | 0.885 % | 06/27/36 | JPY | 200,000 | $1,389,876 |
Gtd. Notes | 0.972 | 09/25/28 | JPY | 700,000 | 5,249,719 |
Gtd. Notes | 1.003 | 06/24/32 | JPY | 1,500,000 | 11,036,950 |
Gtd. Notes | 1.222 | 06/22/35 | JPY | 200,000 | 1,463,889 |
Realty Income Corp., Sr. Unsec’d. Notes(h) | 2.200 | 06/15/28 | 480 | 434,817 | |
Ryder System, Inc., Sr. Unsec’d. Notes, MTN | 4.625 | 06/01/25 | 9,000 | 9,127,916 | |
Sally Holdings LLC/Sally Capital, Inc., Gtd. Notes | 5.625 | 12/01/25 | 4,525 | 4,503,203 | |
Service Properties Trust, Sr. Unsec’d. Notes | 4.350 | 10/01/24 | 3,600 | 3,226,877 | |
Silgan Holdings, Inc., Gtd. Notes | 2.250 | 06/01/28 | EUR | 7,711 | 6,725,038 |
Southaven Combined Cycle Generation LLC, Sec’d. Notes | 3.846 | 08/15/33 | 8 | 7,867 | |
Spectrum Brands, Inc., Gtd. Notes, 144A | 4.000 | 10/01/26 | EUR | 675 | 651,111 |
Sprint Capital Corp., Gtd. Notes | 8.750 | 03/15/32 | 1,985 | 2,567,767 | |
Sprint Corp., | |||||
Gtd. Notes | 7.125 | 06/15/24 | 2,000 | 2,094,760 | |
Gtd. Notes | 7.625 | 02/15/25 | 300 | 320,297 | |
Standard Industries, Inc., Sr. Unsec’d. Notes, 144A | 4.375 | 07/15/30 | 4,550 | 3,964,057 | |
Stellantis Finance US, Inc., Gtd. Notes, 144A(a) | 2.691 | 09/15/31 | 3,645 | 2,983,796 | |
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., | |||||
Gtd. Notes, 144A | 5.500 | 01/15/28 | 2,625 | 2,382,561 | |
Gtd. Notes, 144A | 6.000 | 12/31/30 | 1,700 | 1,526,678 | |
Gtd. Notes, 144A | 7.500 | 10/01/25 | 1,075 | 1,079,762 | |
Taylor Morrison Communities, Inc., | |||||
Gtd. Notes, 144A | 5.750 | 01/15/28 | 2,723 | 2,637,682 | |
Sr. Unsec’d. Notes, 144A | 5.125 | 08/01/30 | 375 | 343,054 | |
Tenet Healthcare Corp., | |||||
Gtd. Notes, 144A(a) | 6.125 | 10/01/28 | 3,125 | 3,045,135 | |
Sr. Sec’d. Notes, 144A | 5.125 | 11/01/27 | 2,905 | 2,862,146 | |
Texas Capital Bank NA, Sr. Unsec’d. Notes, 144A, 3 Month LIBOR + 4.500% | 6.750(c) | 09/30/24 | 15,020 | 14,283,517 |
32
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Thermo Fisher Scientific, Inc., Sr. Unsec’d. Notes | 2.875 % | 07/24/37 | EUR | 450 | $467,463 |
Time Warner Entertainment Co. LP, Sr. Sec’d. Notes | 8.375 | 07/15/33 | 2,065 | 2,455,749 | |
T-Mobile USA, Inc., Sr. Sec’d. Notes | 4.375 | 04/15/40 | 2,500 | 2,328,205 | |
Tote Shipholdings LLC, U.S. Gov’t. Gtd. Notes | 3.400 | 10/16/40 | 96 | 92,683 | |
Toyota Motor Credit Corp., Sr. Unsec’d. Notes, EMTN | 3.200(cc) | 10/24/25 | 3,158 | 3,134,096 | |
U.S. Bancorp, Jr. Sub. Notes | 3.700(ff) | 01/15/27(oo) | 18,150 | 15,187,605 | |
UGI International LLC, Gtd. Notes, 144A | 2.500 | 12/01/29 | EUR | 8,625 | 6,490,001 |
United Airlines, Inc., | |||||
Sr. Sec’d. Notes, 144A | 4.375 | 04/15/26 | 3,750 | 3,610,307 | |
Sr. Sec’d. Notes, 144A | 4.625 | 04/15/29 | 950 | 875,610 | |
United Rentals North America, Inc., | |||||
Gtd. Notes | 3.750 | 01/15/32 | 250 | 220,197 | |
Gtd. Notes | 3.875 | 02/15/31 | 391 | 356,530 | |
Gtd. Notes | 4.875 | 01/15/28 | 3,115 | 3,111,196 | |
Gtd. Notes | 5.250 | 01/15/30 | 2,340 | 2,366,699 | |
Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC, Sr. Sec’d. Notes, 144A | 7.875 | 02/15/25 | 8,600 | 8,651,685 | |
Univision Communications, Inc., Sr. Sec’d. Notes, 144A | 6.625 | 06/01/27 | 3,335 | 3,355,154 | |
Vector Group Ltd., Sr. Sec’d. Notes, 144A | 5.750 | 02/01/29 | 4,750 | 4,312,805 | |
Ventas Realty LP, Gtd. Notes | 2.500 | 09/01/31 | 7,995 | 6,792,148 | |
Venture Global Calcasieu Pass LLC, | |||||
Sr. Sec’d. Notes, 144A | 3.875 | 08/15/29 | 495 | 458,394 | |
Sr. Sec’d. Notes, 144A | 4.125 | 08/15/31 | 370 | 341,955 | |
Verizon Communications, Inc., | |||||
Sr. Unsec’d. Notes | 2.500 | 04/08/31 | GBP | 1,400 | 1,573,366 |
Sr. Unsec’d. Notes, MTN | 2.650 | 05/06/30 | AUD | 1,600 | 935,909 |
Sr. Unsec’d. Notes, MTN | 3.000 | 03/23/31 | AUD | 1,000 | 588,655 |
Sr. Unsec’d. Notes, MTN | 4.050 | 02/17/25 | AUD | 4,950 | 3,458,565 |
Sr. Unsec’d. Notes, MTN | 4.500 | 08/17/27 | AUD | 730 | 507,660 |
Sr. Unsec’d. Notes, Series MPLE | 4.050 | 03/22/51 | CAD | 3,200 | 2,111,593 |
33
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Viatris, Inc., | |||||
Gtd. Notes | 3.850 % | 06/22/40 | 4,410 | $3,221,113 | |
Gtd. Notes | 4.000 | 06/22/50 | 4,425 | 3,066,517 | |
VICI Properties LP/VICI Note Co., Inc., Gtd. Notes, 144A | 4.250 | 12/01/26 | 4,000 | 3,777,285 | |
Vistra Corp., | |||||
Jr. Sub. Notes, 144A | 7.000(ff) | 12/15/26(oo) | 2,650 | 2,423,378 | |
Jr. Sub. Notes, 144A | 8.000(ff) | 10/15/26(oo) | 9,650 | 9,346,501 | |
Vistra Operations Co. LLC, | |||||
Gtd. Notes, 144A | 5.000 | 07/31/27 | 3,520 | 3,468,782 | |
Sr. Sec’d. Notes, 144A | 3.550 | 07/15/24 | 14,300 | 13,854,518 | |
Warner Media LLC, Gtd. Notes | 4.050 | 12/15/23 | 11,250 | 11,228,019 | |
Wells Fargo & Co., | |||||
Sr. Unsec’d. Notes | 4.000 | 04/27/27 | AUD | 4,198 | 2,831,399 |
Sr. Unsec’d. Notes, GMTN | 3.700 | 07/27/26 | AUD | 1,458 | 981,140 |
Sr. Unsec’d. Notes, MTN | 2.572(ff) | 02/11/31 | 7,890 | 6,956,888 | |
Welltower, Inc., | |||||
Sr. Unsec’d. Notes | 2.050 | 01/15/29 | 3,100 | 2,696,092 | |
Sr. Unsec’d. Notes | 2.800 | 06/01/31 | 10,300 | 8,971,010 | |
Sr. Unsec’d. Notes | 3.100 | 01/15/30 | 5,600 | 5,091,365 | |
Williams Cos., Inc. (The), Sr. Unsec’d. Notes | 4.000 | 09/15/25 | 861 | 858,936 | |
WPC Eurobond BV, Gtd. Notes | 0.950 | 06/01/30 | EUR | 9,950 | 8,316,193 |
Xerox Corp., Sr. Unsec’d. Notes | 4.625 | 03/15/23 | 90 | 89,891 | |
918,557,891 | |||||
Total Corporate Bonds (cost $2,151,420,907) | 1,807,241,877 | ||||
Municipal Bond 0.2% | |||||
Puerto Rico | |||||
Commonwealth of Puerto Rico, General Obligation, Sub-Series C (cost $6,183,690) | 0.000(cc) | 11/01/43 | 11,150 | 5,945,926 |
34
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Residential Mortgage-Backed Securities 5.7% | |||||
Bermuda 1.3% | |||||
Bellemeade Re Ltd., | |||||
Series 2018-03A, Class M1B, 144A, 1 Month LIBOR + 1.850% (Cap N/A, Floor 1.850%) | 4.109 %(c) | 10/25/28 | 256 | $255,652 | |
Series 2019-02A, Class M1B, 144A, 1 Month LIBOR + 1.450% (Cap N/A, Floor 1.450%) | 3.709(c) | 04/25/29 | 354 | 353,150 | |
Series 2019-03A, Class M1B, 144A, 1 Month LIBOR + 1.600% (Cap N/A, Floor 1.600%) | 3.859(c) | 07/25/29 | 835 | 832,921 | |
Series 2019-04A, Class M1B, 144A, 1 Month LIBOR + 2.000% (Cap N/A, Floor 2.000%) | 4.259(c) | 10/25/29 | 749 | 748,753 | |
Series 2021-01A, Class M1A, 144A, 30 Day Average SOFR + 1.750% (Cap N/A, Floor 1.750%) | 3.264(c) | 03/25/31 | 4,118 | 4,095,840 | |
Series 2021-01A, Class M1C, 144A, 30 Day Average SOFR + 2.950% (Cap N/A, Floor 2.950%) | 4.464(c) | 03/25/31 | 1,750 | 1,674,794 | |
Series 2021-03A, Class M1B, 144A, 30 Day Average SOFR + 1.400% (Cap N/A, Floor 1.400%) | 2.914(c) | 09/25/31 | 1,200 | 1,115,587 | |
Eagle Re Ltd., | |||||
Series 2019-01, Class M1B, 144A, 1 Month LIBOR + 1.800% (Cap N/A, Floor 0.000%) | 4.059(c) | 04/25/29 | 620 | 613,180 | |
Series 2021-01, Class M1B, 144A, 30 Day Average SOFR + 2.150% (Cap N/A, Floor 2.150%) | 3.664(c) | 10/25/33 | 2,710 | 2,701,698 | |
Series 2021-01, Class M1C, 144A, 30 Day Average SOFR + 2.700% (Cap N/A, Floor 2.700%) | 4.214(c) | 10/25/33 | 4,200 | 4,140,524 | |
Series 2021-02, Class M1C, 144A, 30 Day Average SOFR + 3.450% (Cap N/A, Floor 3.450%) | 4.964(c) | 04/25/34 | 3,500 | 3,259,977 | |
Home Re Ltd., | |||||
Series 2019-01, Class M1, 144A, 1 Month LIBOR + 1.650% (Cap N/A, Floor 0.000%) | 3.909(c) | 05/25/29 | 378 | 376,612 | |
Series 2021-01, Class M1B, 144A, 1 Month LIBOR + 1.550% (Cap N/A, Floor 0.000%) | 3.809(c) | 07/25/33 | 9,211 | 9,104,923 | |
Series 2021-02, Class M1B, 144A, 30 Day Average SOFR + 1.600% (Cap N/A, Floor 0.000%) | 3.114(c) | 01/25/34 | 2,855 | 2,762,394 | |
Series 2021-02, Class M1C, 144A, 30 Day Average SOFR + 2.800% (Cap N/A, Floor 0.000%) | 4.314(c) | 01/25/34 | 4,790 | 4,459,714 | |
35
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Residential Mortgage-Backed Securities (Continued) | |||||
Bermuda (cont’d.) | |||||
Oaktown Re II Ltd., Series 2018-01A, Class M1, 144A, 1 Month LIBOR + 1.550% (Cap N/A, Floor 0.000%) | 3.809 %(c) | 07/25/28 | 186 | $185,463 | |
Oaktown Re III Ltd., Series 2019-01A, Class M1A, 144A, 1 Month LIBOR + 1.400% (Cap N/A, Floor 1.400%) | 3.659(c) | 07/25/29 | 30 | 30,233 | |
Oaktown Re VI Ltd., | |||||
Series 2021-01A, Class M1A, 144A, 30 Day Average SOFR + 1.650% (Cap N/A, Floor 1.650%) | 3.164(c) | 10/25/33 | 1,820 | 1,813,555 | |
Series 2021-01A, Class M1B, 144A, 30 Day Average SOFR + 2.050% (Cap N/A, Floor 2.050%) | 3.564(c) | 10/25/33 | 1,865 | 1,830,361 | |
Oaktown Re VII Ltd., | |||||
Series 2021-02, Class M1A, 144A, 30 Day Average SOFR + 1.600% (Cap N/A, Floor 1.600%) | 3.114(c) | 04/25/34 | 2,200 | 2,143,020 | |
Series 2021-02, Class M1B, 144A, 30 Day Average SOFR + 2.900% (Cap N/A, Floor 2.900%) | 4.414(c) | 04/25/34 | 700 | 649,485 | |
Radnor Re Ltd., | |||||
Series 2018-01, Class M1, 144A, 1 Month LIBOR + 1.400% (Cap N/A, Floor 0.000%) | 3.659(c) | 03/25/28 | 59 | 58,872 | |
Series 2020-01, Class M1A, 144A, 1 Month LIBOR + 0.950% (Cap N/A, Floor 0.950%) | 3.209(c) | 01/25/30 | 491 | 488,834 | |
Series 2020-01, Class M1B, 144A, 1 Month LIBOR + 1.450% (Cap N/A, Floor 1.450%) | 3.709(c) | 01/25/30 | 1,800 | 1,765,511 | |
Series 2021-01, Class M1A, 144A, 30 Day Average SOFR + 1.650% (Cap N/A, Floor 1.650%) | 3.164(c) | 12/27/33 | 3,143 | 3,122,087 | |
Series 2021-02, Class M1B, 144A, 30 Day Average SOFR + 3.700% (Cap N/A, Floor 3.700%) | 5.214(c) | 11/25/31 | 5,100 | 4,852,592 | |
53,435,732 | |||||
Ireland 0.2% | |||||
Retiro Mortgage Securities DAC, Series 01A, Class A1, 144A, 3 Month EURIBOR + 2.000% (Cap 5.000%, Floor 0.000%) | 2.238(c) | 07/30/75 | EUR | 5,547 | 5,593,400 |
36
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Residential Mortgage-Backed Securities (Continued) | |||||
United Kingdom 0.1% | |||||
Jupiter Mortgage PLC, Series 01A, Class B, 144A, SONIA + 1.400% (Cap N/A, Floor 0.000%) | 2.355 %(c) | 07/20/60 | GBP | 4,200 | $5,028,801 |
United States 4.1% | |||||
APS Resecuritization Trust, Series 2016-01, Class 1A, 144A, 1 Month LIBOR + 0.150% (Cap N/A, Floor 0.150%) | 1.863(c) | 07/27/57 | 427 | 422,605 | |
Banc of America Funding Trust, Series 2014-R05, Class 1A1, 144A, 6 Month LIBOR + 1.500% (Cap 11.000%, Floor 1.500%) | 4.335(c) | 09/26/45 | 20 | 19,969 | |
BVRT Financing Trust, Series 2021-04, Class F, 144A, 1 Month SOFR + 2.000%^ | 3.364(c) | 09/12/26 | 7,834 | 7,794,892 | |
Central Park Funding Trust, Series 2021-01, Class PT, 144A, 1 Month LIBOR + 2.750% (Cap N/A, Floor 2.750%) | 5.050(c) | 08/29/22 | 17,771 | 17,604,732 | |
Connecticut Avenue Securities Trust, | |||||
Series 2019-R07, Class 1M2, 144A, 1 Month LIBOR + 2.100% (Cap N/A, Floor 0.000%) | 4.359(c) | 10/25/39 | 127 | 126,932 | |
Series 2020-R01, Class 1M2, 144A, 1 Month LIBOR + 2.050% (Cap N/A, Floor 2.050%) | 4.309(c) | 01/25/40 | 539 | 539,391 | |
Series 2021-R01, Class 1B1, 144A, 30 Day Average SOFR + 3.100% (Cap N/A, Floor 0.000%) | 4.614(c) | 10/25/41 | 1,350 | 1,211,625 | |
Series 2021-R01, Class 1M2, 144A, 30 Day Average SOFR + 1.550% (Cap N/A, Floor 0.000%) | 3.064(c) | 10/25/41 | 240 | 229,488 | |
Credit Suisse Mortgage Trust, Series 2020-RPL06, Class A1, 144A | 2.688(cc) | 03/25/59 | 2,243 | 2,161,675 | |
Fannie Mae Connecticut Avenue Securities, | |||||
Series 2021-R02, Class 2B1, 144A, 30 Day Average SOFR + 3.300% (Cap N/A, Floor 0.000%) | 4.814(c) | 11/25/41 | 2,060 | 1,867,596 | |
Series 2021-R02, Class 2M2, 144A, 30 Day Average SOFR + 2.000% (Cap N/A, Floor 0.000%) | 3.514(c) | 11/25/41 | 1,440 | 1,328,399 | |
Fannie Mae REMICS, Series 2012-107, Class GI, IO | 3.500 | 09/25/27 | 2,368 | 127,082 | |
FHLMC REMICS, Series 4166, Class IO, IO | 3.500 | 02/15/43 | 4,871 | 858,017 |
37
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Residential Mortgage-Backed Securities (Continued) | |||||
United States (cont’d.) | |||||
FHLMC Structured Agency Credit Risk Debt Notes, | |||||
Series 2020-HQA05, Class B1, 144A, 30 Day Average SOFR + 4.000% (Cap N/A, Floor 0.000%) | 5.514 %(c) | 11/25/50 | 595 | $574,623 | |
Series 2020-HQA05, Class M2, 144A, 30 Day Average SOFR + 2.600% (Cap N/A, Floor 0.000%) | 4.114(c) | 11/25/50 | 1,942 | 1,935,931 | |
FHLMC Structured Agency Credit Risk REMIC Trust, | |||||
Series 2020-DNA02, Class M2, 144A, 1 Month LIBOR + 1.850% (Cap N/A, Floor 0.000%) | 4.109(c) | 02/25/50 | 1,985 | 1,972,617 | |
Series 2020-DNA03, Class B1, 144A, 1 Month LIBOR + 5.100% (Cap N/A, Floor 0.000%) | 7.359(c) | 06/25/50 | 650 | 675,681 | |
Series 2020-HQA02, Class M2, 144A, 1 Month LIBOR + 3.100% (Cap N/A, Floor 0.000%) | 5.359(c) | 03/25/50 | 149 | 148,938 | |
Series 2020-HQA04, Class B1, 144A, 1 Month LIBOR + 5.250% (Cap N/A, Floor 0.000%) | 7.509(c) | 09/25/50 | 1,310 | 1,319,861 | |
Series 2020-HQA04, Class M2, 144A, 1 Month LIBOR + 3.150% (Cap N/A, Floor 0.000%) | 5.409(c) | 09/25/50 | 70 | 69,825 | |
Series 2021-DNA01, Class B1, 144A, 30 Day Average SOFR + 2.650% (Cap N/A, Floor 0.000%) | 4.164(c) | 01/25/51 | 1,835 | 1,584,530 | |
Series 2021-DNA01, Class M2, 144A, 30 Day Average SOFR + 1.800% (Cap N/A, Floor 0.000%) | 3.314(c) | 01/25/51 | 11,697 | 11,433,437 | |
Series 2021-DNA05, Class B1, 144A, 30 Day Average SOFR + 3.050% (Cap N/A, Floor 0.000%) | 4.564(c) | 01/25/34 | 3,330 | 2,976,429 | |
Series 2021-DNA05, Class M2, 144A, 30 Day Average SOFR + 1.650% (Cap N/A, Floor 0.000%) | 3.164(c) | 01/25/34 | 1,593 | 1,563,654 | |
Series 2021-DNA06, Class B1, 144A, 30 Day Average SOFR + 3.400% (Cap N/A, Floor 0.000%) | 4.914(c) | 10/25/41 | 1,830 | 1,677,155 | |
Series 2021-DNA07, Class B1, 144A, 30 Day Average SOFR + 3.650% (Cap N/A, Floor 0.000%) | 5.164(c) | 11/25/41 | 2,060 | 1,893,709 | |
Series 2021-HQA01, Class B1, 144A, 30 Day Average SOFR + 3.000% (Cap N/A, Floor 0.000%) | 4.514(c) | 08/25/33 | 12,300 | 10,085,988 | |
Series 2021-HQA01, Class M2, 144A, 30 Day Average SOFR + 2.250% (Cap N/A, Floor 0.000%) | 3.764(c) | 08/25/33 | 17,900 | 16,723,088 |
38
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Residential Mortgage-Backed Securities (Continued) | |||||
United States (cont’d.) | |||||
FHLMC Structured Agency Credit Risk REMIC Trust, (cont’d.) | |||||
Series 2021-HQA02, Class B1, 144A, 30 Day Average SOFR + 3.150% (Cap N/A, Floor 0.000%) | 4.664 %(c) | 12/25/33 | 2,000 | $1,659,999 | |
Series 2021-HQA03, Class B1, 144A, 30 Day Average SOFR + 3.350% (Cap N/A, Floor 0.000%) | 4.864(c) | 09/25/41 | 1,570 | 1,395,434 | |
Series 2021-HQA03, Class M2, 144A, 30 Day Average SOFR + 2.100% (Cap N/A, Floor 0.000%) | 3.614(c) | 09/25/41 | 3,020 | 2,701,327 | |
Series 2021-HQA04, Class B1, 144A, 30 Day Average SOFR + 3.750% (Cap N/A, Floor 0.000%) | 5.264(c) | 12/25/41 | 1,230 | 1,054,372 | |
Series 2021-HQA04, Class M2, 144A, 30 Day Average SOFR + 2.350% (Cap N/A, Floor 0.000%) | 3.864(c) | 12/25/41 | 1,800 | 1,615,837 | |
GCAT Asset-Backed Notes, Series 2021-01, Class A1, 144A | 2.487 | 11/25/49 | 13,861 | 13,235,575 | |
Legacy Mortgage Asset Trust, Series 2020-GS01, Class A1, 144A | 2.882 | 10/25/59 | 5,490 | 5,456,549 | |
Loan Revolving Advance Investment Trust, Series 2021-02, Class A1X, 144A, 1 Month LIBOR + 2.750% (Cap N/A, Floor 2.750%) | 4.721(c) | 06/30/23 | 22,700 | 22,528,477 | |
MRA Issuance Trust, Series 2020-07, Class A2X, 144A | 2.362(cc) | 09/15/22 | 12,465 | 12,459,788 | |
New Residential Mortgage Loan Trust, Series 2018-04A, Class A1S, 144A, 1 Month LIBOR + 0.750% (Cap N/A, Floor 0.750%) | 3.009(c) | 01/25/48 | 701 | 683,641 | |
PMT Credit Risk Transfer Trust, Series 2020-02R, Class A, 144A, 1 Month LIBOR + 3.815% (Cap N/A, Floor 3.815%) | 6.115(c) | 12/25/22 | 8,958 | 8,893,888 | |
PNMAC GMSR Issuer Trust, | |||||
Series 2018-GT01, Class A, 144A, 1 Month LIBOR + 2.850% (Cap N/A, Floor 2.850%) | 5.109(c) | 02/25/23 | 1,020 | 1,007,074 | |
Series 2018-GT02, Class A, 144A, 1 Month LIBOR + 2.650% (Cap N/A, Floor 0.000%) | 4.909(c) | 08/25/25 | 2,300 | 2,271,726 | |
163,891,556 | |||||
Total Residential Mortgage-Backed Securities (cost $238,680,531) | 227,949,489 |
39
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds 28.4% | |||||
Albania 0.0% | |||||
Albania Government International Bond, | |||||
Sr. Unsec’d. Notes | 3.500 % | 10/09/25 | EUR | 1,000 | $939,839 |
Sr. Unsec’d. Notes, 144A | 3.500 | 10/09/25 | EUR | 1,000 | 939,839 |
1,879,678 | |||||
Andorra 0.0% | |||||
Andorra International Bond, Sr. Unsec’d. Notes, EMTN | 1.250 | 05/06/31 | EUR | 400 | 366,436 |
Argentina 0.1% | |||||
Argentine Republic Government International Bond, | |||||
Bonds | 4.330 | 12/31/33(d) | JPY | 519,215 | 969,746 |
Sr. Unsec’d. Notes | 0.670 | 12/31/38(d) | JPY | 1,637,456 | 2,535,742 |
Sr. Unsec’d. Notes | 0.670 | 12/31/38(d) | JPY | 59,017 | 91,281 |
3,596,769 | |||||
Austria 0.1% | |||||
Republic of Austria Government Bond, Sr. Unsec’d. Notes, 144A | 0.750 | 03/20/51 | EUR | 100 | 79,732 |
Republic of Austria Government International Bond, Sr. Unsec’d. Notes, 144A, MTN | 5.375 | 12/01/34 | CAD | 2,143 | 1,977,474 |
2,057,206 | |||||
Belgium 0.0% | |||||
Kingdom of Belgium Government Bond, Sr. Unsec’d. Notes, Series 93, 144A | 0.650 | 06/22/71 | EUR | 100 | 60,013 |
Brazil 1.0% | |||||
Brazil Loan Trust 1, | |||||
Gov’t. Gtd. Notes | 5.477 | 07/24/23 | 8,405 | 8,338,263 | |
Gov’t. Gtd. Notes, 144A | 5.477 | 07/24/23 | 920 | 916,107 | |
Brazil Minas SPE via State of Minas Gerais, | |||||
Gov’t. Gtd. Notes | 5.333 | 02/15/28 | 30,419 | 29,949,210 | |
Gov’t. Gtd. Notes, 144A(a) | 5.333 | 02/15/28 | 423 | 416,470 | |
Brazilian Government International Bond, | |||||
Sr. Unsec’d. Notes | 8.500 | 01/05/24 | BRL | 30 | 5,411 |
Sr. Unsec’d. Notes, Series B | 8.875 | 04/15/24 | 200 | 219,287 | |
39,844,748 |
40
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Bulgaria 0.3% | |||||
Bulgaria Government International Bond, | |||||
Sr. Unsec’d. Notes | 0.375 % | 09/23/30 | EUR | 3,167 | $2,555,681 |
Sr. Unsec’d. Notes, GMTN | 3.125 | 03/26/35 | EUR | 8,212 | 7,927,784 |
10,483,465 | |||||
Canada 0.3% | |||||
Canadian Government Bond, Bonds(k) | 4.000 | 06/01/41 | CAD | 650 | 594,515 |
City of Ottawa Ontario, Unsec’d. Notes | 5.050 | 08/13/30 | CAD | 2,570 | 2,244,648 |
City of Quebec, | |||||
Unsec’d. Notes | 2.100 | 07/06/31 | CAD | 3,000 | 2,069,809 |
Unsec’d. Notes | 2.250 | 11/28/29 | CAD | 2,500 | 1,811,168 |
City of Toronto, Unsec’d. Notes | 3.250 | 06/24/46 | CAD | 1,000 | 682,568 |
Province of Alberta, Sr. Unsec’d. Notes, EMTN | 1.403 | 02/20/29 | SEK | 2,000 | 177,791 |
Province of Quebec Residual Strips, Bonds | 2.283(s) | 04/01/35 | CAD | 10,000 | 4,899,342 |
12,479,841 | |||||
Chile 0.1% | |||||
Bonos de la Tesoreria de la Republica en pesos, | |||||
Bonds | 2.500 | 03/01/25 | CLP | 900,000 | 885,413 |
Bonds | 5.000 | 03/01/35 | CLP | 505,000 | 485,535 |
Chile Government International Bond, | |||||
Sr. Unsec’d. Notes | 0.830 | 07/02/31 | EUR | 1,000 | 828,052 |
Sr. Unsec’d. Notes | 1.440 | 02/01/29 | EUR | 1,884 | 1,736,960 |
Sr. Unsec’d. Notes | 1.750 | 01/20/26 | EUR | 240 | 239,129 |
4,175,089 | |||||
China 1.7% | |||||
China Government Bond, | |||||
Bonds, Series INBK | 2.850 | 06/04/27 | CNH | 6,000 | 901,271 |
Sr. Unsec’d. Notes | 3.160 | 06/27/23 | CNH | 5,000 | 744,890 |
Sr. Unsec’d. Notes | 3.300 | 07/04/23 | CNH | 2,000 | 298,368 |
Sr. Unsec’d. Notes | 3.310 | 11/30/25 | CNH | 4,000 | 605,765 |
Sr. Unsec’d. Notes | 3.380 | 11/21/24 | CNH | 500 | 75,507 |
Sr. Unsec’d. Notes | 3.390 | 05/21/25 | CNH | 2,500 | 379,144 |
Sr. Unsec’d. Notes | 3.480 | 06/29/27 | CNH | 2,000 | 305,403 |
41
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
China (cont’d.) | |||||
China Government Bond, (cont’d.) | |||||
Sr. Unsec’d. Notes | 3.600 % | 06/27/28 | CNH | 10,500 | $1,609,604 |
Sr. Unsec’d. Notes | 3.600 | 05/21/30 | CNH | 18,500 | 2,853,698 |
Sr. Unsec’d. Notes | 3.900 | 07/04/36 | CNH | 16,000 | 2,527,571 |
Sr. Unsec’d. Notes | 3.950 | 06/29/43 | CNH | 40,000 | 6,272,299 |
Sr. Unsec’d. Notes | 4.000 | 11/30/35 | CNH | 76,500 | 12,463,515 |
Sr. Unsec’d. Notes | 4.100 | 05/21/45 | CNH | 62,000 | 9,890,393 |
Sr. Unsec’d. Notes | 4.150 | 12/12/31 | CNH | 41,500 | 6,704,333 |
Sr. Unsec’d. Notes | 4.290 | 05/22/29 | CNH | 10,500 | 1,682,824 |
Sr. Unsec’d. Notes | 4.400 | 12/12/46 | CNH | 48,500 | 8,135,966 |
Sr. Unsec’d. Notes | 4.500 | 05/22/34 | CNH | 24,000 | 4,062,553 |
China Government International Bond, | |||||
Sr. Unsec’d. Notes | 0.500 | 11/12/31 | EUR | 1,800 | 1,499,347 |
Sr. Unsec’d. Notes | 1.000 | 11/12/39 | EUR | 3,500 | 2,593,452 |
Export-Import Bank of China (The), | |||||
Sr. Unsec’d. Notes | 4.150 | 06/18/27 | CNH | 4,000 | 624,190 |
Sr. Unsec’d. Notes | 4.400 | 05/14/24 | CNH | 20,000 | 3,049,234 |
67,279,327 | |||||
Colombia 1.5% | |||||
Colombia Government International Bond, | |||||
Sr. Unsec’d. Notes | 3.000 | 01/30/30 | 1,400 | 1,128,575 | |
Sr. Unsec’d. Notes | 4.000 | 02/26/24 | 1,000 | 981,750 | |
Sr. Unsec’d. Notes | 8.375 | 02/15/27 | 2,745 | 3,177,166 | |
Sr. Unsec’d. Notes | 9.850 | 06/28/27 | COP | 15,013,000 | 3,245,264 |
Sr. Unsec’d. Notes(a) | 10.375 | 01/28/33 | 1,401 | 1,691,532 | |
Sr. Unsec’d. Notes | 11.850 | 03/09/28 | 1,000 | 1,371,830 | |
Sr. Unsec’d. Notes, EMTN | 3.875 | 03/22/26 | EUR | 47,879 | 47,001,810 |
58,597,927 | |||||
Croatia 0.3% | |||||
Croatia Government International Bond, | |||||
Sr. Unsec’d. Notes | 1.125 | 06/19/29 | EUR | 200 | 185,732 |
Sr. Unsec’d. Notes | 1.500 | 06/17/31 | EUR | 5,600 | 5,127,165 |
Sr. Unsec’d. Notes | 2.750 | 01/27/30 | EUR | 3,000 | 3,080,140 |
Sr. Unsec’d. Notes | 3.000 | 03/20/27 | EUR | 4,500 | 4,811,364 |
13,204,401 |
42
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Cyprus 1.1% | |||||
Cyprus Government International Bond, | |||||
Sr. Unsec’d. Notes, EMTN | 1.250 % | 01/21/40 | EUR | 7,550 | $5,581,425 |
Sr. Unsec’d. Notes, EMTN(a) | 2.250 | 04/16/50 | EUR | 2,000 | 1,575,618 |
Sr. Unsec’d. Notes, EMTN | 2.375 | 09/25/28 | EUR | 4,700 | 4,718,956 |
Sr. Unsec’d. Notes, EMTN | 2.750 | 02/26/34 | EUR | 10,200 | 9,915,392 |
Sr. Unsec’d. Notes, EMTN(a) | 2.750 | 05/03/49 | EUR | 3,000 | 2,717,253 |
Sr. Unsec’d. Notes, EMTN | 4.250 | 11/04/25 | EUR | 16,514 | 18,267,344 |
42,775,988 | |||||
Denmark 0.1% | |||||
Denmark Government Bond, | |||||
Bonds(k) | 1.750 | 11/15/25 | DKK | 3,520 | 500,695 |
Bonds(k) | 4.500 | 11/15/39 | DKK | 1,800 | 362,585 |
Bonds, Series 10 YR(k) | 0.500 | 11/15/27 | DKK | 12,110 | 1,633,335 |
Bonds, Series 10 YR(k) | 0.500 | 11/15/29 | DKK | 4,300 | 569,510 |
Bonds, Series 30 YR(k) | 0.250 | 11/15/52 | DKK | 5,000 | 489,366 |
3,555,491 | |||||
Egypt 0.1% | |||||
Egypt Government International Bond, | |||||
Sr. Unsec’d. Notes, 144A | 5.577 | 02/21/23 | 1,835 | 1,793,713 | |
Sr. Unsec’d. Notes, 144A, MTN | 4.750 | 04/16/26 | EUR | 700 | 493,650 |
2,287,363 | |||||
Estonia 0.0% | |||||
Estonia Government International Bond, Sr. Unsec’d. Notes | 0.125 | 06/10/30 | EUR | 100 | 84,274 |
Finland 0.0% | |||||
Finland Government Bond, Sr. Unsec’d. Notes, 144A | 0.125 | 04/15/52 | EUR | 100 | 66,425 |
Kuntarahoitus OYJ, Local Gov’t. Gtd. Notes, EMTN | 3.050 | 09/24/32 | SEK | 13,000 | 1,316,349 |
1,382,774 |
43
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
France 0.6% | |||||
Caisse Francaise de Financement Local, Covered Bonds, EMTN | 4.680 % | 03/09/29 | CAD | 28,712 | $23,684,043 |
French Republic Government Bond OAT, Bonds, 144A(k) | 0.500 | 05/25/72 | EUR | 100 | 56,902 |
23,740,945 | |||||
Germany 0.0% | |||||
State of North Rhine-Westphalia, Sr. Unsec’d. Notes, EMTN | 7.500 | 06/08/27 | MXN | 500 | 23,343 |
Greece 2.4% | |||||
Hellenic Republic Government Bond, | |||||
Bonds(a) | 3.900 | 01/30/33 | EUR | 100 | 111,299 |
Bonds | 4.300 | 02/24/25 | EUR | 1 | 1,076 |
Bonds | 4.300 | 02/24/29 | EUR | 1 | 1,115 |
Bonds | 4.300 | 02/24/30 | EUR | 2 | 2,199 |
Bonds | 4.300 | 02/24/31 | EUR | 34 | 38,008 |
Bonds | 4.300 | 02/24/32 | EUR | 60 | 67,748 |
Bonds | 4.300 | 02/24/36 | EUR | 2 | 2,091 |
Bonds | 4.300 | 02/24/39 | EUR | 1 | 1,015 |
Bonds, 144A | 0.750 | 06/18/31 | EUR | 7,308 | 6,207,631 |
Bonds, 144A | 1.500 | 06/18/30 | EUR | 4,000 | 3,660,820 |
Sr. Unsec’d. Notes, 144A | 1.875 | 02/04/35 | EUR | 75,646 | 65,186,150 |
Sr. Unsec’d. Notes, 144A | 1.875 | 01/24/52 | EUR | 7,585 | 5,006,633 |
Sr. Unsec’d. Notes, 144A | 3.875 | 03/12/29 | EUR | 150 | 164,317 |
Hellenic Republic Government International Bond, | |||||
Sr. Unsec’d. Notes | 5.200 | 07/17/34 | EUR | 9,719 | 11,541,009 |
Sr. Unsec’d. Notes | 6.140 | 04/14/28 | EUR | 5,200 | 6,214,644 |
98,205,755 | |||||
Guernsey 0.2% | |||||
States of Guernsey Bond, Sr. Unsec’d. Notes | 3.375 | 12/12/46 | GBP | 5,800 | 7,114,554 |
Hong Kong 0.0% | |||||
Airport Authority, | |||||
Sr. Unsec’d. Notes, 144A | 2.500 | 01/12/32 | 610 | 548,110 | |
Sr. Unsec’d. Notes, EMTN | 1.950 | 11/20/30 | HKD | 3,000 | 333,931 |
882,041 |
44
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Hungary 0.1% | |||||
Hungary Government International Bond, | |||||
Sr. Unsec’d. Notes | 1.625 % | 04/28/32 | EUR | 4,176 | $3,423,267 |
Sr. Unsec’d. Notes, 144A | 2.125 | 09/22/31 | 1,375 | 1,133,344 | |
4,556,611 | |||||
Iceland 0.1% | |||||
Iceland Government International Bond, Sr. Unsec’d. Notes | 0.100 | 06/20/24 | EUR | 2,634 | 2,623,528 |
India 0.5% | |||||
Export-Import Bank of India, | |||||
Sr. Unsec’d. Notes, 144A, MTN | 2.250 | 01/13/31 | 4,400 | 3,572,404 | |
Sr. Unsec’d. Notes, 144A, MTN | 3.250 | 01/15/30 | 2,910 | 2,616,264 | |
Sr. Unsec’d. Notes, EMTN | 3.250 | 01/15/30 | 363 | 326,359 | |
Sr. Unsec’d. Notes, Series 03 | 0.590 | 09/05/22 | JPY | 1,700,000 | 12,740,439 |
19,255,466 | |||||
Indonesia 1.4% | |||||
Indonesia Government International Bond, | |||||
Sr. Unsec’d. Notes | 0.900 | 02/14/27 | EUR | 10,300 | 9,525,723 |
Sr. Unsec’d. Notes | 1.000 | 07/28/29 | EUR | 8,500 | 7,206,762 |
Sr. Unsec’d. Notes | 1.100 | 03/12/33 | EUR | 3,415 | 2,578,753 |
Sr. Unsec’d. Notes | 1.400 | 10/30/31 | EUR | 9,560 | 7,812,364 |
Sr. Unsec’d. Notes | 1.450 | 09/18/26 | EUR | 3,400 | 3,244,319 |
Sr. Unsec’d. Notes | 1.750 | 04/24/25 | EUR | 2,600 | 2,600,995 |
Sr. Unsec’d. Notes | 3.375 | 07/30/25 | EUR | 1,505 | 1,560,585 |
Sr. Unsec’d. Notes, EMTN | 2.625 | 06/14/23 | EUR | 5,700 | 5,879,572 |
Sr. Unsec’d. Notes, EMTN | 3.750 | 06/14/28 | EUR | 13,980 | 14,353,449 |
Sr. Unsec’d. Notes, Series 05 | 0.920 | 05/31/23 | JPY | 100,000 | 753,562 |
Sr. Unsec’d. Notes, Series 09 | 0.830 | 05/22/24 | JPY | 200,000 | 1,502,437 |
57,018,521 | |||||
Ireland 0.0% | |||||
Ireland Government Bond, Sr. Unsec’d. Notes | 0.550 | 04/22/41 | EUR | 100 | 81,734 |
45
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Israel 0.2% | |||||
Israel Government International Bond, | |||||
Sr. Unsec’d. Notes | 4.500 % | 04/03/2120 | 1,240 | $1,162,500 | |
Sr. Unsec’d. Notes, EMTN | 6.875 | 10/21/34 | GBP | 3,435 | 5,682,340 |
6,844,840 | |||||
Italy 4.0% | |||||
Cassa Del Trentino SPA, Local Gov’t. Gtd. Notes, EMTN | 1.160 | 06/17/26 | EUR | 1,242 | 1,245,786 |
Region of Lazio, Sr. Unsec’d. Notes | 3.088 | 03/31/43 | EUR | 6,593 | 6,495,309 |
Region of Umbria, Sr. Unsec’d. Notes | 0.000(cc) | 03/26/31 | EUR | 981 | 922,320 |
Repubic of Italy Government International Bond Coupon Strips, | |||||
Sr. Unsec’d. Notes | 3.486(s) | 03/27/23 | 775 | 755,142 | |
Sr. Unsec’d. Notes | 1.737(s) | 02/20/31 | EUR | 5,324 | 4,118,374 |
Republic of Italy Government International Bond, | |||||
Sr. Unsec’d. Notes(a) | 2.875 | 10/17/29 | 3,300 | 2,888,024 | |
Sr. Unsec’d. Notes, EMTN | 3.444 | 12/31/24 | EUR | 211 | 218,415 |
Sr. Unsec’d. Notes, EMTN, EURIBOR ICE SWAP 11:00 Fft 30Y Index + 0.000% (Cap N/A, Floor 4.250%) | 4.250(c) | 06/28/29 | EUR | 7,892 | 8,724,609 |
Sr. Unsec’d. Notes, EMTN | 4.425 | 03/28/36 | EUR | 1,400 | 1,547,812 |
Sr. Unsec’d. Notes, EMTN | 5.250 | 12/07/34 | GBP | 17,018 | 23,106,182 |
Sr. Unsec’d. Notes, EMTN(a) | 5.345 | 01/27/48 | EUR | 2,100 | 2,676,190 |
Sr. Unsec’d. Notes, EMTN | 6.000 | 08/04/28 | GBP | 69,287 | 95,393,387 |
Sr. Unsec’d. Notes, MTN(a) | 5.375 | 06/15/33 | 11,108 | 11,861,773 | |
Sr. Unsec’d. Notes, Series 67, EMTN, EURIBOR ICE SWAP 11:00 Fft 10Y Index + 0.000% (Cap 8.800%, Floor 0.000%) | 1.972(c) | 05/11/26 | EUR | 3,000 | 3,011,266 |
162,964,589 | |||||
Japan 0.6% | |||||
Agriculture Forestry & Fisheries Finance Corp., Sr. Sec’d. Notes, Series 12 | 2.240 | 03/19/27 | JPY | 100,000 | 825,038 |
Honshu-Shikoku Bridge, Sr. Sec’d. Notes, Series 05 | 2.230 | 12/20/24 | JPY | 200,000 | 1,577,684 |
Japan Government Ten Year Bond, Bonds, Series 360(k) | 0.100 | 09/20/30 | JPY | 100,000 | 749,451 |
Japan Government Thirty Year Bond, | |||||
Bonds, Series 66(k) | 0.400 | 03/20/50 | JPY | 450,000 | 2,802,250 |
46
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Japan (cont’d.) | |||||
Japan Government Thirty Year Bond, (cont’d.) | |||||
Bonds, Series 69(k) | 0.700 % | 12/20/50 | JPY | 400,000 | $2,665,649 |
Japan Government Twenty Year Bond, | |||||
Bonds, Series 149(k) | 1.500 | 06/20/34 | JPY | 50,000 | 425,015 |
Bonds, Series 150(k) | 1.400 | 09/20/34 | JPY | 145,000 | 1,220,677 |
Bonds, Series 157(k) | 0.200 | 06/20/36 | JPY | 224,100 | 1,616,567 |
Bonds, Series 159(k) | 0.600 | 12/20/36 | JPY | 665,000 | 5,045,192 |
Bonds, Series 165(k) | 0.500 | 06/20/38 | JPY | 407,000 | 2,997,871 |
Bonds, Series 171(k) | 0.300 | 12/20/39 | JPY | 300,000 | 2,094,579 |
Japan Housing Finance Agency, Sr. Sec’d. Notes, Series 102 | 1.441 | 03/19/27 | JPY | 100,000 | 796,213 |
Japanese Government CPI Linked Bond, Bonds, Series 22 | 0.100 | 03/10/27 | JPY | 225,357 | 1,790,910 |
24,607,096 | |||||
Kazakhstan 0.4% | |||||
Kazakhstan Government International Bond, | |||||
Sr. Unsec’d. Notes, EMTN | 0.600 | 09/30/26 | EUR | 2,000 | 1,788,587 |
Sr. Unsec’d. Notes, EMTN | 1.500 | 09/30/34 | EUR | 5,700 | 4,053,584 |
Sr. Unsec’d. Notes, EMTN | 2.375 | 11/09/28 | EUR | 12,615 | 11,549,855 |
17,392,026 | |||||
Latvia 0.0% | |||||
Latvia Government International Bond, Unsec’d. Notes, GMTN | 0.000 | 03/17/31 | EUR | 100 | 83,444 |
Lithuania 0.0% | |||||
Lithuania Government Bond, Bonds, Series 07 YR | 0.600 | 06/29/23 | EUR | 200 | 203,850 |
Lithuania Government International Bond, Sr. Unsec’d. Notes, EMTN | 0.750 | 05/06/30 | EUR | 100 | 89,417 |
293,267 | |||||
Luxembourg 0.0% | |||||
State of the Grand-Duchy of Luxembourg, Sr. Unsec’d. Notes | 0.000 | 09/14/32 | EUR | 100 | 87,631 |
Macedonia 0.0% | |||||
North Macedonia Government International Bond, Sr. Unsec’d. Notes | 5.625 | 07/26/23 | EUR | 1,000 | 1,029,588 |
47
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Malaysia 0.1% | |||||
1MDB Global Investments Ltd., Sr. Unsec’d. Notes | 4.400 % | 03/09/23 | 2,000 | $1,919,750 | |
Malaysia Government Bond, Bonds, Series 0220 | 2.632 | 04/15/31 | MYR | 10,000 | 2,031,255 |
3,951,005 | |||||
Mexico 1.2% | |||||
Mexico Government International Bond, | |||||
Sr. Unsec’d. Notes | 1.125 | 01/17/30 | EUR | 10,100 | 8,414,940 |
Sr. Unsec’d. Notes | 1.350 | 09/18/27 | EUR | 500 | 463,142 |
Sr. Unsec’d. Notes | 1.450 | 10/25/33 | EUR | 4,825 | 3,566,937 |
Sr. Unsec’d. Notes | 1.625 | 04/08/26 | EUR | 200 | 194,483 |
Sr. Unsec’d. Notes(a) | 2.875 | 04/08/39 | EUR | 5,000 | 3,878,360 |
Sr. Unsec’d. Notes | 4.000 | 03/15/2115 | EUR | 950 | 739,619 |
Sr. Unsec’d. Notes, EMTN | 1.750 | 04/17/28 | EUR | 800 | 733,474 |
Sr. Unsec’d. Notes, EMTN | 5.625 | 03/19/2114 | GBP | 340 | 335,589 |
Sr. Unsec’d. Notes, GMTN | 6.750 | 02/06/24 | GBP | 13,633 | 17,143,601 |
Sr. Unsec’d. Notes, Series 25 | 0.600 | 04/20/23 | JPY | 700,000 | 5,263,452 |
Sr. Unsec’d. Notes, Series 26 | 0.850 | 04/18/25 | JPY | 500,000 | 3,741,413 |
Sr. Unsec’d. Notes, Series 28 | 2.000 | 04/20/38 | JPY | 300,000 | 1,961,288 |
Sr. Unsec’d. Notes, Series A, MTN | 7.500 | 04/08/33 | 875 | 1,066,237 | |
47,502,535 | |||||
Montenegro 0.0% | |||||
Montenegro Government International Bond, Sr. Unsec’d. Notes, 144A | 3.375 | 04/21/25 | EUR | 750 | 687,872 |
Netherlands 0.0% | |||||
Netherlands Government Bond, Bonds, 144A | 0.000 | 01/15/52 | EUR | 100 | 67,620 |
New Zealand 0.1% | |||||
Auckland Council, | |||||
Sr. Sec’d. Notes | 2.900 | 09/16/27 | AUD | 1,000 | 640,184 |
Sr. Sec’d. Notes | 3.500 | 03/09/26 | AUD | 2,000 | 1,359,845 |
New Zealand Local Government Funding Agency Bond, | |||||
Local Gov’t. Gtd. Notes | 2.000 | 04/15/37 | NZD | 2,100 | 977,723 |
Local Gov’t. Gtd. Notes | 3.500 | 04/14/33 | NZD | 2,900 | 1,722,931 |
4,700,683 |
48
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Panama 0.3% | |||||
Panama Government International Bond, Sr. Unsec’d. Notes | 8.125 % | 04/28/34 | 10,732 | $13,307,680 | |
Peru 1.3% | |||||
Peru Government Bond, Sr. Unsec’d. Notes | 5.350 | 08/12/40 | PEN | 22,000 | 4,057,692 |
Peruvian Government International Bond, | |||||
Sr. Unsec’d. Notes(a) | 1.250 | 03/11/33 | EUR | 1,200 | 909,114 |
Sr. Unsec’d. Notes | 2.750 | 01/30/26 | EUR | 36,018 | 36,531,504 |
Sr. Unsec’d. Notes | 3.750 | 03/01/30 | EUR | 9,408 | 9,615,446 |
Sr. Unsec’d. Notes | 6.950 | 08/12/31 | PEN | 9,000 | 2,116,376 |
53,230,132 | |||||
Philippines 0.9% | |||||
Philippine Government International Bond, | |||||
Sr. Unsec’d. Notes | 0.000 | 02/03/23 | EUR | 2,000 | 2,029,791 |
Sr. Unsec’d. Notes | 0.250 | 04/28/25 | EUR | 690 | 659,288 |
Sr. Unsec’d. Notes | 0.700 | 02/03/29 | EUR | 5,365 | 4,648,123 |
Sr. Unsec’d. Notes | 1.200 | 04/28/33 | EUR | 1,350 | 1,067,595 |
Sr. Unsec’d. Notes | 1.750 | 04/28/41 | EUR | 1,085 | 787,336 |
Sr. Unsec’d. Notes, EMTN | 0.875 | 05/17/27 | EUR | 7,000 | 6,451,435 |
Sr. Unsec’d. Notes, Series 11 | 0.990 | 08/15/28 | JPY | 1,100,000 | 8,279,903 |
Sr. Unsec’d. Notes, Series 15 | 0.590 | 08/15/29 | JPY | 1,700,000 | 12,253,142 |
36,176,613 | |||||
Poland 0.0% | |||||
Republic of Poland Government International Bond, Sr. Unsec’d. Notes, EMTN | 3.220 | 08/04/34 | JPY | 100,000 | 931,927 |
Portugal 1.2% | |||||
Autonomous Region of the Azores, Sr. Unsec’d. Notes | 0.603 | 07/21/26 | EUR | 1,000 | 991,317 |
Metropolitano de Lisboa EPE, Gov’t. Gtd. Notes | 4.799 | 12/07/27 | EUR | 5,800 | 6,945,246 |
Portugal Obrigacoes do Tesouro OT, | |||||
Sr. Unsec’d. Notes, 144A | 4.100 | 02/15/45 | EUR | 23,075 | 30,871,671 |
Unsec’d. Notes, 144A | 1.000 | 04/12/52 | EUR | 4,000 | 2,793,304 |
Regiao Autonoma Madeira, Gov’t. Gtd. Notes | 0.943 | 05/29/32 | EUR | 8,750 | 8,032,278 |
49,633,816 |
49
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Romania 0.4% | |||||
Romania Government Bond, | |||||
Bonds, Series 05 YR | 3.650 % | 07/28/25 | RON | 1,000 | $183,007 |
Bonds, Series 15YR | 3.650 | 09/24/31 | RON | 2,000 | 300,017 |
Romanian Government International Bond, | |||||
Sr. Unsec’d. Notes, 144A, MTN | 2.500 | 02/08/30 | EUR | 4,150 | 3,500,039 |
Sr. Unsec’d. Notes, EMTN | 2.124 | 07/16/31 | EUR | 2,000 | 1,525,154 |
Sr. Unsec’d. Notes, EMTN | 2.375 | 04/19/27 | EUR | 1,000 | 935,176 |
Sr. Unsec’d. Notes, EMTN | 3.375 | 02/08/38 | EUR | 2,138 | 1,597,613 |
Sr. Unsec’d. Notes, EMTN | 3.500 | 04/03/34 | EUR | 1,000 | 794,836 |
Sr. Unsec’d. Notes, EMTN | 3.875 | 10/29/35 | EUR | 1,000 | 817,512 |
Sr. Unsec’d. Notes, EMTN | 4.125 | 03/11/39 | EUR | 2,966 | 2,355,587 |
Sr. Unsec’d. Notes, MTN | 2.875 | 05/26/28 | EUR | 700 | 630,388 |
Unsec’d. Notes, 144A, MTN | 2.124 | 07/16/31 | EUR | 3,600 | 2,745,277 |
Unsec’d. Notes, 144A, MTN | 2.875 | 05/26/28 | EUR | 1,100 | 990,609 |
16,375,215 | |||||
Russia 0.5% | |||||
Russian Federal Bond - OFZ, Bonds, Series 6224 | 6.900 | 05/23/29(d) | RUB | 61,000 | 215,150 |
Russian Foreign Bond - Eurobond, | |||||
Sr. Unsec’d. Notes | 2.650 | 05/27/36(d) | EUR | 5,200 | 1,913,278 |
Sr. Unsec’d. Notes | 2.875 | 12/04/25 | EUR | 23,100 | 8,971,555 |
Sr. Unsec’d. Notes | 4.250 | 06/23/27(d) | 2,000 | 780,000 | |
Sr. Unsec’d. Notes | 4.375 | 03/21/29(d) | 2,400 | 912,000 | |
Sr. Unsec’d. Notes | 5.100 | 03/28/35 | 6,000 | 2,940,000 | |
Sr. Unsec’d. Notes | 5.250 | 06/23/47(d) | 1,000 | 400,000 | |
Sr. Unsec’d. Notes | 5.625 | 04/04/42 | 1,200 | 504,000 | |
Sr. Unsec’d. Notes, 144A | 4.875 | 09/16/23 | 3,400 | 1,734,000 | |
18,369,983 | |||||
San Marino 0.0% | |||||
San Marino Government Bond, Sr. Unsec’d. Notes | 3.250 | 02/24/24 | EUR | 469 | 482,444 |
Saudi Arabia 0.3% | |||||
Saudi Government International Bond, | |||||
Sr. Unsec’d. Notes | 2.000 | 07/09/39 | EUR | 7,811 | 6,506,334 |
Sr. Unsec’d. Notes, 144A | 2.000 | 07/09/39 | EUR | 5,945 | 4,952,011 |
Sr. Unsec’d. Notes, EMTN | 0.625 | 03/03/30 | EUR | 600 | 527,378 |
11,985,723 |
50
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Serbia 0.8% | |||||
Serbia International Bond, | |||||
Sr. Unsec’d. Notes | 1.500 % | 06/26/29 | EUR | 6,000 | $4,631,036 |
Sr. Unsec’d. Notes | 3.125 | 05/15/27 | EUR | 20,595 | 19,083,132 |
Sr. Unsec’d. Notes, 144A(a) | 2.125 | 12/01/30 | 13,215 | 9,746,063 | |
33,460,231 | |||||
Singapore 0.0% | |||||
Housing & Development Board, Sr. Unsec’d. Notes, MTN | 2.320 | 01/24/28 | SGD | 500 | 350,369 |
Slovakia 0.0% | |||||
Slovakia Government Bond, Sr. Unsec’d. Notes, Series 242 | 0.375 | 04/21/36 | EUR | 100 | 78,587 |
Slovenia 0.0% | |||||
Slovenia Government Bond, Unsec’d. Notes, Series RS86 | 0.000 | 02/12/31 | EUR | 100 | 87,479 |
South Africa 0.1% | |||||
Republic of South Africa Government International Bond, Sr. Unsec’d. Notes | 3.750 | 07/24/26 | EUR | 5,415 | 5,410,914 |
South Korea 0.1% | |||||
Export-Import Bank of Korea, | |||||
Sr. Unsec’d. Notes, 144A, MTN | 6.700 | 12/02/24 | IDR | 40,000 | 2,729 |
Sr. Unsec’d. Notes, 144A, MTN | 8.000 | 05/15/24 | IDR | 6,800,000 | 474,714 |
Sr. Unsec’d. Notes, EMTN | 3.130 | 04/26/23 | HKD | 4,000 | 516,516 |
Sr. Unsec’d. Notes, EMTN | 4.140 | 09/04/23 | CNH | 5,000 | 747,445 |
Sr. Unsec’d. Notes, EMTN | 7.250 | 12/07/24 | IDR | 10,000,000 | 688,589 |
Sr. Unsec’d. Notes, EMTN | 8.000 | 05/15/24 | IDR | 19,600,000 | 1,365,558 |
Sr. Unsec’d. Notes, GMTN | 2.600 | 11/08/23 | AUD | 919 | 631,591 |
4,427,142 | |||||
Spain 2.1% | |||||
Autonomous Community of Catalonia, | |||||
Sr. Unsec’d. Notes | 4.690 | 10/28/34 | EUR | 579 | 697,502 |
Sr. Unsec’d. Notes, EMTN, EURIBOR ICE SWAP 11:00 Fft 10Y Index + 0.000% (Cap 12.000%, Floor 5.480%) | 5.480(c) | 05/11/29 | EUR | 1,000 | 1,219,113 |
51
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Spain (cont’d.) | |||||
Autonomous Community of Catalonia, (cont’d.) | |||||
Sr. Unsec’d. Notes, EMTN | 5.900 % | 05/28/30 | EUR | 3,250 | $4,099,299 |
Sr. Unsec’d. Notes, EMTN | 6.350 | 11/30/41 | EUR | 2,100 | 3,017,692 |
Instituto de Credito Oficial, Gov’t. Gtd. Notes, GMTN | 0.963 | 09/22/22 | SEK | 32,000 | 3,147,822 |
Spain Government Bond, | |||||
Sr. Unsec’d. Notes, 144A(k) | 1.000 | 10/31/50 | EUR | 10,600 | 7,546,993 |
Sr. Unsec’d. Notes, 144A(k) | 1.200 | 10/31/40 | EUR | 2,500 | 2,112,761 |
Sr. Unsec’d. Notes, 144A(k) | 1.850 | 07/30/35 | EUR | 7,225 | 7,195,568 |
Sr. Unsec’d. Notes, 144A(k) | 3.450 | 07/30/66 | EUR | 4,200 | 5,089,533 |
Spain Government Bond Coupon Strips, | |||||
Bonds(k) | 0.449(s) | 07/30/29 | EUR | 438 | 401,995 |
Bonds(k) | 0.246(s) | 01/31/32 | EUR | 3,900 | 3,287,550 |
Bonds(k) | 0.320(s) | 01/31/33 | EUR | 2,100 | 1,735,830 |
Bonds(k) | 0.958(s) | 01/31/35 | EUR | 168 | 129,558 |
Bonds(k) | 1.027(s) | 01/31/36 | EUR | 168 | 125,333 |
Bonds(k) | 1.078(s) | 01/31/37 | EUR | 168 | 122,261 |
Bonds | 1.296(s) | 07/30/41 | EUR | 436 | 278,608 |
Bonds, Series CAC | 0.579(s) | 07/30/29 | EUR | 3,600 | 3,293,542 |
Bonds, Series CAC | 1.128(s) | 07/30/36 | EUR | 862 | 640,020 |
Bonds, Series CAC | 1.212(s) | 07/30/37 | EUR | 862 | 619,778 |
Bonds, Series CAC | 1.297(s) | 07/30/38 | EUR | 862 | 602,549 |
Bonds, Series CAC | 1.365(s) | 07/30/42 | EUR | 300 | 187,855 |
Bonds, Series CAC | 1.405(s) | 07/30/43 | EUR | 300 | 180,763 |
Bonds, Series CAC(k) | 1.455(s) | 07/30/44 | EUR | 300 | 177,951 |
Bonds, Series CAC | 1.475(s) | 07/30/45 | EUR | 300 | 173,111 |
Bonds, Series CAC | 1.485(s) | 07/30/46 | EUR | 300 | 168,299 |
Bonds, Series CAC | 1.504(s) | 07/30/47 | EUR | 300 | 164,031 |
Bonds, Series CAC | 1.514(s) | 07/30/48 | EUR | 300 | 159,897 |
Bonds, Series CAC | 1.544(s) | 07/30/49 | EUR | 300 | 155,445 |
Bonds, Series CAC | 1.564(s) | 07/30/50 | EUR | 300 | 145,913 |
Bonds, Series CAC(k) | 1.594(s) | 07/30/51 | EUR | 300 | 145,951 |
Bonds, Series CAC | 1.623(s) | 07/30/52 | EUR | 300 | 140,563 |
Bonds, Series CAC | 1.663(s) | 07/30/53 | EUR | 300 | 134,798 |
Bonds, Series CAC | 1.683(s) | 07/30/54 | EUR | 300 | 130,997 |
Bonds, Series CAC | 1.703(s) | 07/30/55 | EUR | 300 | 126,375 |
Bonds, Series CAC | 1.732(s) | 07/30/56 | EUR | 300 | 121,168 |
Bonds, Series CAC | 1.772(s) | 07/30/57 | EUR | 300 | 116,743 |
Bonds, Series CAC | 1.782(s) | 07/30/58 | EUR | 300 | 111,008 |
Bonds, Series CAC | 1.812(s) | 07/30/59 | EUR | 300 | 107,828 |
Bonds, Series CAC | 1.851(s) | 07/30/60 | EUR | 300 | 101,125 |
Bonds, Series CAC | 1.871(s) | 07/30/61 | EUR | 300 | 95,892 |
52
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Spain (cont’d.) | |||||
Spain Government Bond Coupon Strips, (cont’d.) | |||||
Bonds, Series CAC | 1.891 %(s) | 07/30/62 | EUR | 300 | $89,591 |
Bonds, Series CAC | 1.921(s) | 07/30/63 | EUR | 300 | 86,385 |
Bonds, Series CAC | 1.950(s) | 07/30/64 | EUR | 300 | 81,886 |
Bonds, Series CAC | 1.980(s) | 07/30/65 | EUR | 300 | 77,806 |
Bonds, Series CAC | 2.010(s) | 07/30/66 | EUR | 300 | 76,717 |
Spain Government Bond Principal Strips, Bonds(k) | 0.794(s) | 07/30/41 | EUR | 1,700 | 1,081,834 |
Spain Government International Bond, | |||||
Sr. Unsec’d. Notes, EMTN | 5.010 | 11/21/44 | 10,500 | 12,217,396 | |
Sr. Unsec’d. Notes, EMTN | 5.250 | 04/06/29 | GBP | 16,090 | 22,557,585 |
84,478,220 | |||||
Sweden 0.0% | |||||
Svensk Exportkredit AB, | |||||
Sr. Unsec’d. Notes, EMTN | 8.904(s) | 06/25/27 | ZAR | 1,400 | 54,207 |
Sr. Unsec’d. Notes, MTN | 2.665(s) | 05/11/37 | 110 | 61,851 | |
Sweden Government Bond, Bonds, Series 1053(k) | 3.500 | 03/30/39 | SEK | 10,000 | 1,297,015 |
1,413,073 | |||||
Thailand 0.0% | |||||
Thailand Government Bond, Sr. Unsec’d. Notes | 3.650 | 06/20/31 | THB | 45,000 | 1,327,611 |
Tunisia 0.0% | |||||
Tunisian Republic, Sr. Unsec’d. Notes | 4.200 | 03/17/31 | JPY | 100,000 | 337,507 |
Turkey 0.1% | |||||
Turkey Government International Bond, | |||||
Sr. Unsec’d. Notes | 4.625 | 03/31/25 | EUR | 5,000 | 4,755,088 |
Sr. Unsec’d. Notes | 5.750 | 03/22/24 | 1,000 | 939,562 | |
5,694,650 | |||||
Ukraine 0.3% | |||||
Ukraine Government International Bond, | |||||
Sr. Unsec’d. Notes | 4.375 | 01/27/30 | EUR | 3,736 | 681,580 |
Sr. Unsec’d. Notes | 6.750 | 06/20/26(d) | EUR | 31,299 | 6,157,910 |
53
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Ukraine (cont’d.) | |||||
Ukraine Government International Bond, (cont’d.) | |||||
Sr. Unsec’d. Notes | 7.375 % | 09/25/32 | 3,600 | $678,600 | |
Sr. Unsec’d. Notes | 7.750 | 09/01/24 | 1,875 | 356,250 | |
Sr. Unsec’d. Notes | 7.750 | 09/01/25 | 400 | 72,000 | |
Sr. Unsec’d. Notes | 7.750 | 09/01/26 | 500 | 90,000 | |
Sr. Unsec’d. Notes, 144A | 4.375 | 01/27/30 | EUR | 9,705 | 1,770,541 |
Sr. Unsec’d. Notes, 144A | 7.253 | 03/15/33 | 1,560 | 294,060 | |
10,100,941 | |||||
United Arab Emirates 0.3% | |||||
Dubai DOF Sukuk Ltd., Sr. Unsec’d. Notes | 5.000 | 04/30/29 | 5,000 | 5,277,500 | |
Sharjah Sukuk Program Ltd., | |||||
Sr. Unsec’d. Notes, EMTN | 3.854 | 04/03/26 | 4,000 | 3,865,750 | |
Sr. Unsec’d. Notes, EMTN | 4.226 | 03/14/28 | 1,200 | 1,141,725 | |
10,284,975 | |||||
United Kingdom 1.0% | |||||
HM Treasury UK Sovereign Sukuk PLC, Unsec’d. Notes | 0.333 | 07/22/26 | GBP | 500 | 574,223 |
Isle of Man Government International Bond, | |||||
Unsec’d. Notes | 5.375 | 08/14/34 | GBP | 10,311 | 15,764,773 |
Unsec’d. Notes | 5.625 | 03/29/30 | GBP | 5,041 | 7,436,930 |
Jersey International Bond, Sr. Unsec’d. Notes | 3.750 | 06/09/54 | GBP | 834 | 1,114,117 |
Transport for London, | |||||
Sr. Unsec’d. Notes, EMTN | 4.000 | 09/12/33 | GBP | 1,000 | 1,253,054 |
Sr. Unsec’d. Notes, EMTN | 4.500 | 03/31/31 | GBP | 4,237 | 5,472,568 |
Sr. Unsec’d. Notes, EMTN | 5.000 | 03/31/35 | GBP | 3,464 | 4,673,285 |
United Kingdom Gilt, | |||||
Bonds(k) | 1.250 | 10/22/41 | GBP | 100 | 100,084 |
Bonds(k) | 1.250 | 07/31/51 | GBP | 100 | 92,598 |
Bonds(k) | 1.500 | 07/22/47 | GBP | 100 | 100,095 |
Bonds(k) | 1.625 | 10/22/71 | GBP | 100 | 99,666 |
Bonds(k) | 1.750 | 01/22/49 | GBP | 100 | 105,841 |
Bonds(k) | 1.750 | 07/22/57 | GBP | 100 | 105,090 |
Bonds(k) | 2.500 | 07/22/65 | GBP | 100 | 129,504 |
Bonds(k) | 3.250 | 01/22/44 | GBP | 100 | 137,378 |
Bonds(k) | 3.500 | 07/22/68 | GBP | 100 | 164,044 |
Bonds(k) | 3.750 | 07/22/52 | GBP | 100 | 157,040 |
Bonds(k) | 4.000 | 01/22/60 | GBP | 100 | 173,133 |
54
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
United Kingdom (cont’d.) | |||||
United Kingdom Gilt, (cont’d.) | |||||
Bonds(k) | 4.250 % | 03/07/36 | GBP | 300 | $451,597 |
Bonds(k) | 4.250 | 09/07/39 | GBP | 180 | 276,495 |
Bonds(k) | 4.250 | 12/07/40 | GBP | 100 | 154,865 |
Bonds(k) | 4.250 | 12/07/46 | GBP | 30 | 48,237 |
Bonds(k) | 4.250 | 12/07/49 | GBP | 100 | 165,126 |
Bonds(k) | 4.250 | 12/07/55 | GBP | 100 | 174,754 |
Bonds(k) | 4.500 | 12/07/42 | GBP | 100 | 161,753 |
Bonds(k) | 4.750 | 12/07/38 | GBP | 100 | 162,107 |
Unsec’d. Notes(k) | 0.875 | 01/31/46 | GBP | 100 | 87,632 |
Unsec’d. Notes(k) | 1.125 | 01/31/39 | GBP | 100 | 101,006 |
39,436,995 | |||||
Uruguay 0.1% | |||||
Uruguay Government International Bond, Sr. Unsec’d. Notes | 6.875 | 09/28/25 | 2,202 | 2,382,702 | |
Total Sovereign Bonds (cost $1,490,474,605) | 1,147,590,413 | ||||
U.S. Government Agency Obligations 1.0% | |||||
Federal National Mortgage Assoc. | 5.375 | 12/07/28 | GBP | 19,307 | 27,836,062 |
Tennessee Valley Authority Sr. Unsec’d. Notes | 5.625 | 06/07/32 | GBP | 8,000 | 12,257,537 |
Total U.S. Government Agency Obligations (cost $48,069,395) | 40,093,599 | ||||
U.S. Treasury Obligations(h) 0.3% | |||||
U.S. Treasury Bonds | 1.125 | 08/15/40 | 2,705 | 1,918,859 | |
U.S. Treasury Bonds | 2.250 | 05/15/41 | 545 | 466,145 | |
U.S. Treasury Notes | 1.375 | 02/15/23 | 1,825 | 1,809,958 | |
U.S. Treasury Notes | 1.500 | 11/30/28 | 55 | 51,064 | |
U.S. Treasury Notes | 1.750 | 03/15/25 | 640 | 622,150 | |
U.S. Treasury Notes | 1.875 | 02/15/32 | 2,385 | 2,226,621 | |
U.S. Treasury Notes | 2.875 | 04/30/29 | 895 | 903,670 | |
U.S. Treasury Notes | 2.875 | 05/15/32 | 4,035 | 4,106,874 | |
U.S. Treasury Strips Coupon | 1.888(s) | 08/15/29 | 345 | 284,423 | |
U.S. Treasury Strips Coupon | 1.872(s) | 05/15/31 | 85 | 66,672 | |
U.S. Treasury Strips Coupon | 2.089(s) | 11/15/35 | 800 | 542,031 |
55
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
U.S. Treasury Obligations (Continued) | |||||
U.S. Treasury Strips Coupon | 2.251 %(s) | 08/15/40 | 800 | $445,688 | |
Total U.S. Treasury Obligations (cost $14,219,692) | 13,444,155 |
Shares | |||||
Common Stocks 0.3% | |||||
Spain 0.0% | |||||
Codere New Topco SA^ | 16,439 | — | |||
United States 0.3% | |||||
Chesapeake Energy Corp. | 135,400 | 12,750,618 | |||
Chesapeake Energy Corp. Backstop Commitment | 1,212 | 114,134 | |||
Ferrellgas Partners LP (Class B Stock) | 2,731 | 458,808 | |||
13,323,560 | |||||
Total Common Stocks (cost $1,669,440) | 13,323,560 | ||||
Preferred Stock 0.0% | |||||
United States | |||||
Citigroup Capital XIII, 9.176%(c), 3 Month LIBOR + 6.370%, Maturing 10/30/40 (cost $100,000) | 4,000 | 109,320 | |||
Total Long-Term Investments (cost $4,734,751,747) | 3,954,643,849 | ||||
Short-Term Investments 2.5% | |||||
Affiliated Mutual Fund 2.4% | |||||
PGIM Institutional Money Market Fund (cost $98,406,325; includes $98,269,706 of cash collateral for securities on loan)(b)(we) | 98,507,467 | 98,408,960 | |||
Options Purchased*~ 0.1% | |||||
(cost $1,021,778) | 2,120,183 | ||||
Total Short-Term Investments (cost $99,428,103) | 100,529,143 | ||||
56
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Value | ||||
TOTAL INVESTMENTS, BEFORE OPTIONS WRITTEN 100.5% (cost $4,834,179,850) | $4,055,172,992 | ||||
Options Written*~ (0.1)% | |||||
(premiums received $1,283,236) | (2,720,561) | ||||
TOTAL INVESTMENTS, NET OF OPTIONS WRITTEN 100.4% (cost $4,832,896,614) | 4,052,452,431 | ||||
Liabilities in excess of other assets(z) (0.4)% | (14,450,096) | ||||
Net Assets 100.0% | $4,038,002,335 |
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 | |
DKK—Danish Krone | |
EUR—Euro | |
GBP—British Pound | |
HKD—Hong Kong Dollar | |
HUF—Hungarian Forint | |
IDR—Indonesian Rupiah | |
ILS—Israeli Shekel | |
ITL—Italian Lira | |
JPY—Japanese Yen | |
KRW—South Korean Won | |
MXN—Mexican Peso | |
MYR—Malaysian Ringgit | |
NOK—Norwegian Krone | |
NZD—New Zealand Dollar | |
PEN—Peruvian Nuevo Sol | |
PLN—Polish Zloty | |
RON—Romanian Leu | |
RUB—Russian Ruble | |
SAR—Saudi Arabian Riyal | |
SEK—Swedish Krona | |
SGD—Singapore Dollar | |
THB—Thai Baht | |
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 | |
ABS—Asset-Backed Security | |
AID—Agency for International Development |
57
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
BBR—New Zealand Bank Bill Rate | |
BBSW—Australian Bank Bill Swap Reference Rate | |
BUBOR—Budapest Interbank Offered Rate | |
CAC—French Stock Market Index | |
CDOR—Canadian Dollar Offered Rate | |
CDX—Credit Derivative Index | |
CIBOR—Copenhagen Interbank Offered Rate | |
CLO—Collateralized Loan Obligation | |
CLOIS—Sinacofi Chile Interbank Rate Average | |
CME—Chicago Mercantile Exchange | |
CPI—Consumer Price Index | |
EMTN—Euro Medium Term Note | |
EURIBOR—Euro Interbank Offered Rate | |
EuroSTR—Euro Short-Term Rate | |
FHLMC—Federal Home Loan Mortgage Corporation | |
GMTN—Global Medium Term Note | |
HICP—Harmonised Index of Consumer Prices | |
ICE—Intercontinental Exchange | |
IO—Interest Only (Principal amount represents notional) | |
iTraxx—International Credit Derivative Index | |
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 | |
MASTR—Morgan Stanley Structured Asset Security | |
MPLE—Maple Bonds | |
MTN—Medium Term Note | |
NIBOR—Norwegian Interbank Offered Rate | |
OAT—Obligations Assimilables du Tresor | |
OFZ—Obligatsyi Federal’novo Zaima (Federal Loan Obligations) | |
OTC—Over-the-counter | |
PIK—Payment-in-Kind | |
PJSC—Public Joint-Stock Company | |
PRIBOR—Prague Interbank Offered Rate | |
Q—Quarterly payment frequency for swaps | |
REMIC—Real Estate Mortgage Investment Conduit | |
REMICS—Real Estate Mortgage Investment Conduit Security | |
S—Semiannual payment frequency for swaps | |
SAIBOR—Saudi Arabian Interbank Offered Rate | |
SARON—Swiss Average Rate Overnight | |
SIBOR—Singapore Interbank Offered Rate | |
SOFR—Secured Overnight Financing Rate | |
SONIA—Sterling Overnight Index Average | |
STRIPs—Separate Trading of Registered Interest and Principal of Securities | |
T—Swap payment upon termination | |
TELBOR—Tel Aviv Interbank Offered Rate | |
THBFIX—Thai Baht Interest Rate Fixing | |
THOR—Thai Overnight Repurchase Rate | |
TONAR—Tokyo Overnight Average Rate | |
USOIS—United States Overnight Index Swap |
58
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
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 $53,599,710 and 1.3% of net assets. |
(a) | All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $92,027,902; cash collateral of $98,269,706 (included in liabilities) was received with which the Fund purchased highly liquid short-term investments. In the event of significant appreciation in value of securities on loan on the last business day of the reporting period, the Fund may reflect a collateral value that is less than the market value of the loaned securities and such shortfall is remedied the following business day. |
(b) | Represents security, or portion thereof, purchased with cash collateral received for securities on loan and includes dividend reinvestment. |
(c) | Variable rate instrument. The interest rate shown reflects the rate in effect at July 31, 2022. |
(cc) | Variable rate instrument. The rate shown is based on the latest available information as of July 31, 2022. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description. |
(d) | Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity. |
(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. |
(h) | Represents security, or a portion thereof, segregated as collateral for OTC derivatives. |
(jj) | Represents original contract currency denomination, settlement to occur in Euro currency. |
(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. |
(r) | Principal or notional amount is less than $500 par. |
(s) | Represents zero coupon bond or principal only security. Rate represents yield to maturity at purchase date. |
(we) | PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Institutional Money Market 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 Swaptions | |||||||||||||||||
Description | Call/ Put | Counterparty | Expiration Date | Strike | Receive | Pay | Notional Amount (000)# | Value | |||||||||
2- Year Interest Rate Swap, 05/21/25 | Call | Deutsche Bank AG | 05/17/23 | 2.05% | 2.05%(A) | 3 Month SAIBOR(Q) | SAR | 304,125 | $80,967 | ||||||||
2- Year Interest Rate Swap, 05/21/25 | Put | Deutsche Bank AG | 05/17/23 | 2.05% | 3 Month SAIBOR(Q) | 2.05%(A) | SAR | 304,125 | 2,039,216 | ||||||||
Total Options Purchased (cost $1,021,778) | $2,120,183 |
59
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Options Written:
OTC Swaptions | |||||||||||||||||
Description | Call/ Put | Counterparty | Expiration Date | Strike | Receive | Pay | Notional Amount (000)# | Value | |||||||||
2- Year Interest Rate Swap, 05/19/25 | Call | Deutsche Bank AG | 05/17/23 | 1.13% | 3 Month LIBOR(Q) | 1.13%(S) | 81,100 | $(80,452) | |||||||||
2- Year Interest Rate Swap, 05/19/25 | Put | Deutsche Bank AG | 05/17/23 | 1.13% | 1.13%(S) | 3 Month LIBOR(Q) | 81,100 | (2,617,949) | |||||||||
GS_21-PJ2A^ | Put | Goldman Sachs International | 11/15/24 | 0.50% | 0.50%(M) | GS_21-PJ2A(M) | 36,100 | (1,118) | |||||||||
GS_21-PJA††^ | Put | Goldman Sachs International | 06/17/24 | 0.25% | 0.25%(M) | GS_21-PJA(M) | 69,580 | (1,943) | |||||||||
iTraxx.XO.36.V1, 12/20/26 | Put | Barclays Bank PLC | 09/21/22 | 8.00% | 5.00%(Q) | iTraxx.XO. 36.V1(Q) | EUR | 5,000 | (8,266) | ||||||||
iTraxx.XO.36.V1, 12/20/26^ | Put | Barclays Bank PLC | 09/21/22 | 9.00% | 5.00%(Q) | iTraxx.XO. 36.V1(Q) | EUR | 5,000 | (10,833) | ||||||||
Total Options Written (premiums received $1,283,236) | $(2,720,561) |
†† | The value of the contract, GS_21-PJA, is derived from a pool of senior prime jumbo mortgages. |
Futures contracts outstanding at July 31, 2022: | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Long Positions: | ||||||||
524 | 2 Year U.S. Treasury Notes | Sep. 2022 | $110,281,532 | $863,346 | ||||
951 | 5 Year U.S. Treasury Notes | Sep. 2022 | 108,153,959 | 2,175,256 | ||||
1,589 | 10 Year U.S. Treasury Notes | Sep. 2022 | 192,492,461 | 4,780,109 | ||||
1,297 | 20 Year U.S. Treasury Bonds | Sep. 2022 | 186,768,000 | 5,590,368 | ||||
909 | 30 Year U.S. Ultra Treasury Bonds | Sep. 2022 | 143,906,062 | 2,464,371 | ||||
2,207 | Japanese Yen Currency | Sep. 2022 | 207,637,319 | (5,969,207) | ||||
9,904,243 | ||||||||
Short Positions: | ||||||||
510 | 3 Month CME SOFR | Sep. 2022 | 125,026,500 | 2,435,317 | ||||
1,628 | 5 Year Euro-Bobl | Sep. 2022 | 212,762,561 | (4,972,362) | ||||
93 | 10 Year Canadian Government Bonds | Sep. 2022 | 9,473,937 | (188,225) | ||||
1,122 | 10 Year Euro-Bund | Sep. 2022 | 180,772,109 | (6,312,001) | ||||
743 | 10 Year U.K. Gilt | Sep. 2022 | 106,932,266 | 11,806 | ||||
868 | 10 Year U.S. Ultra Treasury Notes | Sep. 2022 | 113,925,000 | (2,784,309) | ||||
46 | 30 Year Euro Buxl | Sep. 2022 | 8,735,257 | (567,671) |
60
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Futures contracts outstanding at July 31, 2022 (continued): | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Short Positions (cont’d): | ||||||||
473 | Euro Currency | Sep. 2022 | $60,629,731 | $2,959,948 | ||||
1,192 | Euro Schatz Index | Sep. 2022 | 134,175,664 | (857,221) | ||||
(10,274,718) | ||||||||
$(370,475) |
Forward foreign currency exchange contracts outstanding at July 31, 2022:
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
Australian Dollar, | |||||||||||||
Expiring 10/19/22 | Bank of America, N.A. | AUD | 17,159 | $11,667,019 | $12,002,938 | $335,919 | $— | ||||||
Expiring 10/31/23 | JPMorgan Chase Bank, N.A. | AUD | 4,867 | 3,379,499 | 3,400,322 | 20,823 | — | ||||||
British Pound, | |||||||||||||
Expiring 10/19/22 | Deutsche Bank AG | GBP | 2,394 | 2,852,823 | 2,920,894 | 68,071 | — | ||||||
Canadian Dollar, | |||||||||||||
Expiring 10/19/22 | Morgan Stanley & Co. International PLC | CAD | 43,866 | 33,771,584 | 34,245,812 | 474,228 | — | ||||||
Chilean Peso, | |||||||||||||
Expiring 09/21/22 | BNP Paribas S.A. | CLP | 2,240,117 | 2,682,774 | 2,462,609 | — | (220,165) | ||||||
Chinese Renminbi, | |||||||||||||
Expiring 08/23/22 | Citibank, N.A. | CNH | 950,319 | 138,884,815 | 140,825,636 | 1,940,821 | — | ||||||
Expiring 08/23/22 | Citibank, N.A. | CNH | 118,510 | 17,445,899 | 17,561,723 | 115,824 | — | ||||||
Expiring 08/23/22 | Citibank, N.A. | CNH | 118,510 | 17,357,744 | 17,561,724 | 203,980 | — | ||||||
Expiring 08/23/22 | JPMorgan Chase Bank, N.A. | CNH | 116,741 | 17,121,744 | 17,299,608 | 177,864 | — | ||||||
Expiring 08/23/22 | Morgan Stanley & Co. International PLC | CNH | 20,068 | 2,992,001 | 2,973,784 | — | (18,217) | ||||||
Expiring 08/23/22 | The Toronto-Dominion Bank | CNH | 165,000 | 24,167,936 | 24,450,970 | 283,034 | — | ||||||
Expiring 08/23/22 | The Toronto-Dominion Bank | CNH | 77,863 | 11,615,050 | 11,538,371 | — | (76,679) | ||||||
Expiring 08/23/22 | The Toronto-Dominion Bank | CNH | 6,535 | 978,520 | 968,376 | — | (10,144) | ||||||
Colombian Peso, | |||||||||||||
Expiring 09/21/22 | Citibank, N.A. | COP | 46,672,031 | 12,065,412 | 10,784,811 | — | (1,280,601) | ||||||
Czech Koruna, | |||||||||||||
Expiring 10/19/22 | Citibank, N.A. | CZK | 72,053 | 2,923,260 | 2,960,176 | 36,916 | — |
61
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at July 31, 2022 (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.): | |||||||||||||
Czech Koruna (cont’d.), | |||||||||||||
Expiring 10/19/22 | Morgan Stanley & Co. International PLC | CZK | 78,057 | $3,159,302 | $3,206,857 | $47,555 | $— | ||||||
Danish Krone, | |||||||||||||
Expiring 10/19/22 | Barclays Bank PLC | DKK | 36,411 | 4,960,761 | 5,028,954 | 68,193 | — | ||||||
Euro, | |||||||||||||
Expiring 10/19/22 | HSBC Bank PLC | EUR | 6,634 | 6,712,071 | 6,819,643 | 107,572 | — | ||||||
Hungarian Forint, | |||||||||||||
Expiring 10/19/22 | Citibank, N.A. | HUF | 7,248,365 | 17,788,707 | 17,960,600 | 171,893 | — | ||||||
Israeli Shekel, | |||||||||||||
Expiring 09/21/22 | Barclays Bank PLC | ILS | 17,504 | 5,281,378 | 5,166,455 | — | (114,923) | ||||||
Expiring 09/21/22 | Citibank, N.A. | ILS | 17,504 | 5,286,163 | 5,166,455 | — | (119,708) | ||||||
Japanese Yen, | |||||||||||||
Expiring 10/19/22 | BNP Paribas S.A. | JPY | 16,239,753 | 119,026,790 | 122,593,367 | 3,566,577 | — | ||||||
Expiring 10/31/23 | Barclays Bank PLC | JPY | 525,393 | 5,512,000 | 4,123,522 | — | (1,388,478) | ||||||
Expiring 10/31/23 | Barclays Bank PLC | JPY | 406,236 | 4,196,000 | 3,188,323 | — | (1,007,677) | ||||||
Expiring 10/31/23 | Deutsche Bank AG | JPY | 511,039 | 5,354,001 | 4,010,870 | — | (1,343,131) | ||||||
Expiring 10/31/23 | Goldman Sachs International | JPY | 1,254,996 | 12,881,000 | 9,849,779 | — | (3,031,221) | ||||||
Expiring 10/31/23 | Morgan Stanley & Co. International PLC | JPY | 1,637,975 | 15,824,364 | 12,855,571 | — | (2,968,793) | ||||||
Malaysian Ringgit, | |||||||||||||
Expiring 09/21/22 | Barclays Bank PLC | MYR | 61,814 | 14,077,796 | 13,878,627 | — | (199,169) | ||||||
Mexican Peso, | |||||||||||||
Expiring 09/21/22 | HSBC Bank PLC | MXN | 84,668 | 4,217,693 | 4,112,190 | — | (105,503) | ||||||
Expiring 04/28/23 | JPMorgan Chase Bank, N.A. | MXN | 110,648 | 4,577,425 | 5,166,385 | 588,960 | — | ||||||
Expiring 04/28/23 | Morgan Stanley & Co. International PLC | MXN | 352,530 | 14,859,000 | 16,460,375 | 1,601,375 | — | ||||||
New Zealand Dollar, | |||||||||||||
Expiring 10/19/22 | Citibank, N.A. | NZD | 13,003 | 7,964,595 | 8,173,099 | 208,504 | — | ||||||
Norwegian Krone, | |||||||||||||
Expiring 10/19/22 | Morgan Stanley & Co. International PLC | NOK | 108,163 | 10,620,892 | 11,208,820 | 587,928 | — | ||||||
Polish Zloty, | |||||||||||||
Expiring 10/19/22 | BNP Paribas S.A. | PLN | 47,275 | 9,829,470 | 10,055,460 | 225,990 | — | ||||||
Expiring 10/19/22 | HSBC Bank PLC | PLN | 44,808 | 9,383,181 | 9,530,554 | 147,373 | — | ||||||
Romanian Leu, | |||||||||||||
Expiring 10/19/22 | Citibank, N.A. | RON | 11,029 | 2,231,761 | 2,258,105 | 26,344 | — | ||||||
Singapore Dollar, | |||||||||||||
Expiring 09/21/22 | BNP Paribas S.A. | SGD | 11,708 | 8,528,471 | 8,475,888 | — | (52,583) | ||||||
South African Rand, | |||||||||||||
Expiring 09/21/22 | HSBC Bank PLC | ZAR | 77,742 | 4,758,444 | 4,649,625 | — | (108,819) |
62
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at July 31, 2022 (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 (cont’d.), | |||||||||||||
Expiring 09/21/22 | HSBC Bank PLC | ZAR | 10,000 | $634,507 | $598,083 | $— | $(36,424) | ||||||
South Korean Won, | |||||||||||||
Expiring 09/21/22 | BNP Paribas S.A. | KRW | 72,600,134 | 58,426,460 | 55,734,581 | — | (2,691,879) | ||||||
Swiss Franc, | |||||||||||||
Expiring 10/19/22 | HSBC Bank PLC | CHF | 3,118 | 3,194,157 | 3,295,873 | 101,716 | — | ||||||
Thai Baht, | |||||||||||||
Expiring 09/21/22 | Citibank, N.A. | THB | 399,589 | 11,509,734 | 10,895,878 | — | (613,856) | ||||||
$670,702,203 | $666,421,693 | 11,107,460 | (15,387,970) |
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
Australian Dollar, | |||||||||||||
Expiring 10/19/22 | JPMorgan Chase Bank, N.A. | AUD | 4,344 | $3,034,326 | $3,038,718 | $— | $(4,392) | ||||||
British Pound, | |||||||||||||
Expiring 10/19/22 | JPMorgan Chase Bank, N.A. | GBP | 4,495 | 5,479,633 | 5,484,424 | — | (4,791) | ||||||
Expiring 10/19/22 | The Toronto-Dominion Bank | GBP | 236,980 | 282,327,251 | 289,154,835 | — | (6,827,584) | ||||||
Canadian Dollar, | |||||||||||||
Expiring 10/19/22 | JPMorgan Chase Bank, N.A. | CAD | 2,735 | 2,134,392 | 2,135,493 | — | (1,101) | ||||||
Chinese Renminbi, | |||||||||||||
Expiring 08/23/22 | Bank of America, N.A. | CNH | 27,077 | 4,045,645 | 4,012,490 | 33,155 | — | ||||||
Expiring 08/23/22 | BNP Paribas S.A. | CNH | 38,793 | 5,771,962 | 5,748,621 | 23,341 | — | ||||||
Expiring 08/23/22 | HSBC Bank PLC | CNH | 30,969 | 4,578,960 | 4,589,174 | — | (10,214) | ||||||
Expiring 08/23/22 | JPMorgan Chase Bank, N.A. | CNH | 30,065 | 4,474,970 | 4,455,263 | 19,707 | — | ||||||
Expiring 08/23/22 | JPMorgan Chase Bank, N.A. | CNH | 17,979 | 2,663,388 | 2,664,241 | — | (853) | ||||||
Expiring 08/23/22 | The Toronto-Dominion Bank | CNH | 30,616 | 4,561,624 | 4,536,846 | 24,778 | — | ||||||
Colombian Peso, | |||||||||||||
Expiring 09/21/22 | BNP Paribas S.A. | COP | 32,535,294 | 7,643,673 | 7,518,143 | 125,530 | — | ||||||
Expiring 09/21/22 | Citibank, N.A. | COP | 12,293,404 | 2,959,414 | 2,840,718 | 118,696 | — | ||||||
Euro, | |||||||||||||
Expiring 10/19/22 | Barclays Bank PLC | EUR | 46,346 | 46,980,028 | 47,644,952 | — | (664,924) | ||||||
Expiring 10/19/22 | BNP Paribas S.A. | EUR | 2,680 | 2,736,906 | 2,755,030 | — | (18,124) |
63
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at July 31, 2022 (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 10/19/22 | Deutsche Bank AG | EUR | 81,294 | $82,412,396 | $83,572,210 | $— | $(1,159,814) | ||||||
Expiring 10/19/22 | JPMorgan Chase Bank, N.A. | EUR | 8,171 | 8,377,507 | 8,399,967 | — | (22,460) | ||||||
Expiring 10/19/22 | Morgan Stanley & Co. International PLC | EUR | 9,930 | 10,183,572 | 10,208,621 | — | (25,049) | ||||||
Expiring 10/19/22 | Standard Chartered Bank | EUR | 83,746 | 85,938,325 | 86,092,574 | — | (154,249) | ||||||
Hong Kong Dollar, | |||||||||||||
Expiring 08/23/22 | HSBC Bank PLC | HKD | 49,067 | 6,260,463 | 6,256,171 | 4,292 | — | ||||||
Indonesian Rupiah, | |||||||||||||
Expiring 09/21/22 | Morgan Stanley & Co. International PLC | IDR | 59,216,931 | 4,096,073 | 3,987,087 | 108,986 | — | ||||||
Israeli Shekel, | |||||||||||||
Expiring 09/21/22 | Citibank, N.A. | ILS | 6,838 | 1,986,680 | 2,018,214 | — | (31,534) | ||||||
Expiring 09/21/22 | Goldman Sachs International | ILS | 10,739 | 3,232,770 | 3,169,671 | 63,099 | — | ||||||
Japanese Yen, | |||||||||||||
Expiring 10/19/22 | BNP Paribas S.A. | JPY | 255,606 | 1,911,957 | 1,929,561 | — | (17,604) | ||||||
Expiring 10/19/22 | JPMorgan Chase Bank, N.A. | JPY | 500,440 | 3,767,798 | 3,777,806 | — | (10,008) | ||||||
Expiring 10/19/22 | Standard Chartered Bank | JPY | 196,684 | 1,430,344 | 1,484,763 | — | (54,419) | ||||||
Expiring 10/31/23 | Citibank, N.A. | JPY | 628,883 | 6,526,054 | 4,935,762 | 1,590,292 | — | ||||||
Expiring 10/31/23 | Citibank, N.A. | JPY | 115,153 | 1,102,894 | 903,774 | 199,120 | — | ||||||
Expiring 10/31/23 | Goldman Sachs International | JPY | 1,532,531 | 13,803,651 | 12,028,001 | 1,775,650 | — | ||||||
Expiring 10/31/23 | Morgan Stanley & Co. International PLC | JPY | 2,309,705 | 20,805,025 | 18,127,618 | 2,677,407 | — | ||||||
Malaysian Ringgit, | |||||||||||||
Expiring 09/21/22 | Barclays Bank PLC | MYR | 9,847 | 2,210,020 | 2,210,808 | — | (788) | ||||||
Mexican Peso, | |||||||||||||
Expiring 04/28/23 | Morgan Stanley & Co. International PLC | MXN | 463,178 | 20,111,923 | 21,626,760 | — | (1,514,837) | ||||||
Peruvian Nuevo Sol, | |||||||||||||
Expiring 09/21/22 | BNP Paribas S.A. | PEN | 61,356 | 16,127,311 | 15,527,263 | 600,048 | — | ||||||
Singapore Dollar, | |||||||||||||
Expiring 09/21/22 | JPMorgan Chase Bank, N.A. | SGD | 2,896 | 2,093,977 | 2,096,302 | — | (2,325) | ||||||
South African Rand, | |||||||||||||
Expiring 09/21/22 | Standard Chartered Bank | ZAR | 163,387 | 10,426,763 | 9,771,930 | 654,833 | — |
64
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at July 31, 2022 (continued):
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
South Korean Won, | |||||||||||||
Expiring 09/21/22 | Morgan Stanley & Co. International PLC | KRW | 4,887,665 | $3,769,310 | $3,752,223 | $17,087 | $— | ||||||
Swedish Krona, | |||||||||||||
Expiring 10/19/22 | BNP Paribas S.A. | SEK | 19,018 | 1,820,938 | 1,877,816 | — | (56,878) | ||||||
Expiring 10/19/22 | JPMorgan Chase Bank, N.A. | SEK | 22,354 | 2,199,616 | 2,207,264 | — | (7,648) | ||||||
Thai Baht, | |||||||||||||
Expiring 09/21/22 | Morgan Stanley & Co. International PLC | THB | 72,929 | 2,009,144 | 1,988,609 | 20,535 | — | ||||||
$691,996,683 | $694,529,723 | 8,056,556 | (10,589,596) | ||||||||||
$19,164,016 | $(25,977,566) |
Cross currency exchange contracts outstanding at July 31, 2022: | ||||||||||||||
Settlement | Type | Notional Amount (000) | In Exchange For (000) | Unrealized Appreciation | Unrealized Depreciation | Counterparty | ||||||||
OTC Cross Currency Exchange Contracts: | ||||||||||||||
10/31/23 | Buy | AUD | 8,947 | JPY | 599,449 | $1,546,058 | $— | Deutsche Bank AG | ||||||
10/31/23 | Buy | JPY | 277,535 | AUD | 3,979 | — | (601,699) | Goldman Sachs International | ||||||
10/31/23 | Buy | JPY | 671,731 | AUD | 9,835 | — | (1,599,159) | Morgan Stanley & Co. International PLC | ||||||
$1,546,058 | $(2,200,858) |
Credit default swap agreements outstanding at July 31, 2022:
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 Agreements on corporate and/or sovereign issues - Buy Protection(1)**: | ||||||||||||||||
Arab Republic of Egypt (D01) | 06/20/27 | 1.000%(Q) | 1,200 | $465,513 | $945 | $464,568 | Goldman Sachs International | |||||||||
Emirate of Abu Dhabi (D01) | 06/20/27 | 1.000%(Q) | 1,200 | (20,413) | 945 | (21,358) | Goldman Sachs International | |||||||||
Federation of Malaysia (D01) | 06/20/27 | 1.000%(Q) | 1,800 | (19,963) | 1,418 | (21,381) | Goldman Sachs International |
65
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2022 (continued):
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 Agreements on corporate and/or sovereign issues - Buy Protection(1)**(cont’d.): | ||||||||||||||||
Federative Republic of Brazil (D01) | 06/20/27 | 1.000%(Q) | 7,200 | $522,594 | $5,672 | $516,922 | Goldman Sachs International | |||||||||
Kingdom of Saudi Arabia (D01) | 06/20/27 | 1.000%(Q) | 1,200 | (18,726) | 945 | (19,671) | Goldman Sachs International | |||||||||
People’s Republic of China (D01) | 06/20/27 | 1.000%(Q) | 7,200 | (98,168) | 5,672 | (103,840) | Goldman Sachs International | |||||||||
Republic of Argentina (D01) | 06/20/27 | 1.000%(Q) | 1,200 | 935,938 | 945 | 934,993 | Goldman Sachs International | |||||||||
Republic of Chile (D01) | 06/20/27 | 1.000%(Q) | 1,800 | 23,013 | 1,418 | 21,595 | Goldman Sachs International | |||||||||
Republic of Colombia (D01) | 06/20/27 | 1.000%(Q) | 3,600 | 242,507 | 2,836 | 239,671 | Goldman Sachs International | |||||||||
Republic of Indonesia (D01) | 06/20/27 | 1.000%(Q) | 5,400 | 32,446 | 4,254 | 28,192 | Goldman Sachs International | |||||||||
Republic of Panama (D01) | 06/20/27 | 1.000%(Q) | 1,200 | 16,143 | 945 | 15,198 | Goldman Sachs International | |||||||||
Republic of Peru (D01) | 06/20/27 | 1.000%(Q) | 1,800 | 20,169 | 1,418 | 18,751 | Goldman Sachs International | |||||||||
Republic of Philippines (D01) | 06/20/27 | 1.000%(Q) | 1,200 | 1,142 | 945 | 197 | Goldman Sachs International | |||||||||
Republic of South Africa (D01) | 06/20/27 | 1.000%(Q) | 7,200 | 594,682 | 5,672 | 589,010 | Goldman Sachs International | |||||||||
Republic of Turkey (D01) | 06/20/27 | 1.000%(Q) | 7,200 | 1,859,478 | 5,672 | 1,853,806 | Goldman Sachs International | |||||||||
Republic of Ukraine (D01) | 06/20/27 | 1.000%(Q) | 1,200 | 982,303 | 945 | 981,358 | Goldman Sachs International | |||||||||
State of Qatar (D01) | 06/20/27 | 1.000%(Q) | 1,200 | (20,225) | 945 | (21,170) | Goldman Sachs International | |||||||||
United Mexican States (D01) | 06/20/27 | 1.000%(Q) | 7,200 | 172,966 | 5,672 | 167,294 | Goldman Sachs International | |||||||||
Arab Republic of Egypt (D02) | 06/20/27 | 1.000%(Q) | 4,000 | 1,551,712 | 9,197 | 1,542,515 | Goldman Sachs International | |||||||||
Emirate of Abu Dhabi (D02) | 06/20/27 | 1.000%(Q) | 4,000 | (68,043) | 9,197 | (77,240) | Goldman Sachs International | |||||||||
Federation of Malaysia (D02) | 06/20/27 | 1.000%(Q) | 6,000 | (66,543) | 13,795 | (80,338) | Goldman Sachs International | |||||||||
Federative Republic of Brazil (D02) | 06/20/27 | 1.000%(Q) | 24,000 | 1,741,981 | 55,182 | 1,686,799 | Goldman Sachs International | |||||||||
Kingdom of Saudi Arabia (D02) | 06/20/27 | 1.000%(Q) | 4,000 | (62,417) | 9,197 | (71,614) | Goldman Sachs International | |||||||||
People’s Republic of China (D02) | 06/20/27 | 1.000%(Q) | 24,000 | (327,225) | 55,182 | (382,407) | Goldman Sachs International |
66
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2022 (continued):
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 Agreements on corporate and/or sovereign issues - Buy Protection(1)**(cont’d.): | ||||||||||||||||
Republic of Argentina (D02) | 06/20/27 | 1.000%(Q) | 4,000 | $3,119,794 | $9,197 | $3,110,597 | Goldman Sachs International | |||||||||
Republic of Chile (D02) | 06/20/27 | 1.000%(Q) | 6,000 | 76,711 | 13,795 | 62,916 | Goldman Sachs International | |||||||||
Republic of Colombia (D02) | 06/20/27 | 1.000%(Q) | 12,000 | 808,357 | 27,591 | 780,766 | Goldman Sachs International | |||||||||
Republic of Indonesia (D02) | 06/20/27 | 1.000%(Q) | 18,000 | 108,154 | 41,386 | 66,768 | Goldman Sachs International | |||||||||
Republic of Panama (D02) | 06/20/27 | 1.000%(Q) | 4,000 | 53,812 | 9,197 | 44,615 | Goldman Sachs International | |||||||||
Republic of Peru (D02) | 06/20/27 | 1.000%(Q) | 6,000 | 67,229 | 13,795 | 53,434 | Goldman Sachs International | |||||||||
Republic of Philippines (D02) | 06/20/27 | 1.000%(Q) | 4,000 | 3,808 | 9,197 | (5,389) | Goldman Sachs International | |||||||||
Republic of South Africa (D02) | 06/20/27 | 1.000%(Q) | 24,000 | 1,982,274 | 55,182 | 1,927,092 | Goldman Sachs International | |||||||||
Republic of Turkey (D02) | 06/20/27 | 1.000%(Q) | 24,000 | 6,198,262 | 55,182 | 6,143,080 | Goldman Sachs International | |||||||||
Republic of Ukraine (D02) | 06/20/27 | 1.000%(Q) | 4,000 | 3,274,343 | 9,197 | 3,265,146 | Goldman Sachs International | |||||||||
State of Qatar (D02) | 06/20/27 | 1.000%(Q) | 4,000 | (67,416) | 9,197 | (76,613) | Goldman Sachs International | |||||||||
United Mexican States (D02) | 06/20/27 | 1.000%(Q) | 24,000 | 576,555 | 55,182 | 521,373 | Goldman Sachs International | |||||||||
Arab Republic of Egypt (D03) | 06/20/27 | 1.000%(Q) | 2,000 | 775,856 | 1,209 | 774,647 | Morgan Stanley & Co. International PLC | |||||||||
Emirate of Abu Dhabi (D03) | 06/20/27 | 1.000%(Q) | 2,000 | (34,022) | 1,209 | (35,231) | Morgan Stanley & Co. International PLC | |||||||||
Federation of Malaysia (D03) | 06/20/27 | 1.000%(Q) | 3,000 | (33,271) | 1,814 | (35,085) | Morgan Stanley & Co. International PLC | |||||||||
Federative Republic of Brazil (D03) | 06/20/27 | 1.000%(Q) | 12,000 | 870,991 | 7,256 | 863,735 | Morgan Stanley & Co. International PLC | |||||||||
Kingdom of Saudi Arabia (D03) | 06/20/27 | 1.000%(Q) | 2,000 | (31,209) | 1,209 | (32,418) | Morgan Stanley & Co. International PLC | |||||||||
People’s Republic of China (D03) | 06/20/27 | 1.000%(Q) | 12,000 | (163,612) | 7,256 | (170,868) | Morgan Stanley & Co. International PLC | |||||||||
Republic of Argentina (D03) | 06/20/27 | 1.000%(Q) | 2,000 | 1,559,897 | 1,209 | 1,558,688 | Morgan Stanley & Co. International PLC | |||||||||
Republic of Chile (D03) | 06/20/27 | 1.000%(Q) | 3,000 | 38,356 | 1,814 | 36,542 | Morgan Stanley & Co. International PLC | |||||||||
Republic of Colombia (D03) | 06/20/27 | 1.000%(Q) | 6,000 | 404,178 | 3,628 | 400,550 | Morgan Stanley & Co. International PLC |
67
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2022 (continued):
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 Agreements on corporate and/or sovereign issues - Buy Protection(1)**(cont’d.): | ||||||||||||||||
Republic of Indonesia (D03) | 06/20/27 | 1.000%(Q) | 9,000 | $54,077 | $5,442 | $48,635 | Morgan Stanley & Co. International PLC | |||||||||
Republic of Panama (D03) | 06/20/27 | 1.000%(Q) | 2,000 | 26,906 | 1,209 | 25,697 | Morgan Stanley & Co. International PLC | |||||||||
Republic of Peru (D03) | 06/20/27 | 1.000%(Q) | 3,000 | 33,615 | 1,814 | 31,801 | Morgan Stanley & Co. International PLC | |||||||||
Republic of Philippines (D03) | 06/20/27 | 1.000%(Q) | 2,000 | 1,904 | 1,209 | 695 | Morgan Stanley & Co. International PLC | |||||||||
Republic of South Africa (D03) | 06/20/27 | 1.000%(Q) | 12,000 | 991,137 | 7,256 | 983,881 | Morgan Stanley & Co. International PLC | |||||||||
Republic of Turkey (D03) | 06/20/27 | 1.000%(Q) | 12,000 | 3,099,131 | 7,256 | 3,091,875 | Morgan Stanley & Co. International PLC | |||||||||
Republic of Ukraine (D03) | 06/20/27 | 1.000%(Q) | 2,000 | 1,637,171 | 1,209 | 1,635,962 | Morgan Stanley & Co. International PLC | |||||||||
State of Qatar (D03) | 06/20/27 | 1.000%(Q) | 2,000 | (33,708) | 1,209 | (34,917) | Morgan Stanley & Co. International PLC | |||||||||
United Mexican States (D03) | 06/20/27 | 1.000%(Q) | 12,000 | 288,278 | 7,256 | 281,022 | Morgan Stanley & Co. International PLC | |||||||||
Arab Republic of Egypt (D04) | 06/20/27 | 1.000%(Q) | 200 | 77,586 | 205 | 77,381 | Barclays Bank PLC | |||||||||
Emirate of Abu Dhabi (D04) | 06/20/27 | 1.000%(Q) | 200 | (3,402) | 205 | (3,607) | Barclays Bank PLC | |||||||||
Federation of Malaysia (D04) | 06/20/27 | 1.000%(Q) | 300 | (3,327) | 308 | (3,635) | Barclays Bank PLC | |||||||||
Federative Republic of Brazil (D04) | 06/20/27 | 1.000%(Q) | 1,200 | 87,099 | 1,231 | 85,868 | Barclays Bank PLC | |||||||||
Kingdom of Saudi Arabia (D04) | 06/20/27 | 1.000%(Q) | 200 | (3,121) | 205 | (3,326) | Barclays Bank PLC | |||||||||
People’s Republic of China (D04) | 06/20/27 | 1.000%(Q) | 1,200 | (16,361) | 1,231 | (17,592) | Barclays Bank PLC | |||||||||
Republic of Argentina (D04) | 06/20/27 | 1.000%(Q) | 200 | 155,990 | 205 | 155,785 | Barclays Bank PLC | |||||||||
Republic of Chile (D04) | 06/20/27 | 1.000%(Q) | 300 | 3,836 | 308 | 3,528 | Barclays Bank PLC | |||||||||
Republic of Colombia (D04) | 06/20/27 | 1.000%(Q) | 600 | 40,418 | 615 | 39,803 | Barclays Bank PLC | |||||||||
Republic of Indonesia (D04) | 06/20/27 | 1.000%(Q) | 900 | 5,408 | 923 | 4,485 | Barclays Bank PLC | |||||||||
Republic of Panama (D04) | 06/20/27 | 1.000%(Q) | 200 | 2,691 | 205 | 2,486 | Barclays Bank PLC | |||||||||
Republic of Peru (D04) | 06/20/27 | 1.000%(Q) | 300 | 3,362 | 308 | 3,054 | Barclays Bank PLC |
68
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2022 (continued):
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 Agreements on corporate and/or sovereign issues - Buy Protection(1)**(cont’d.): | ||||||||||||||||
Republic of Philippines (D04) | 06/20/27 | 1.000%(Q) | 200 | $190 | $205 | $(15) | Barclays Bank PLC | |||||||||
Republic of South Africa (D04) | 06/20/27 | 1.000%(Q) | 1,200 | 99,114 | 1,231 | 97,883 | Barclays Bank PLC | |||||||||
Republic of Turkey (D04) | 06/20/27 | 1.000%(Q) | 1,200 | 309,914 | 1,231 | 308,683 | Barclays Bank PLC | |||||||||
Republic of Ukraine (D04) | 06/20/27 | 1.000%(Q) | 200 | 163,717 | 205 | 163,512 | Barclays Bank PLC | |||||||||
State of Qatar (D04) | 06/20/27 | 1.000%(Q) | 200 | (3,371) | 205 | (3,576) | Barclays Bank PLC | |||||||||
United Mexican States (D04) | 06/20/27 | 1.000%(Q) | 1,200 | 28,828 | 1,231 | 27,597 | Barclays Bank PLC | |||||||||
$35,096,993 | $577,833 | $34,519,160 |
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at July 31, 2022(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)**: | |||||||||||||||||
Emirate of Abu Dhabi (D05) | 12/20/26 | 1.000%(Q) | 1,000 | 0.612% | $17,198 | $(2,012) | $19,210 | Bank of America, N.A. | |||||||||
Federation of Malaysia (D05) | 12/20/26 | 1.000%(Q) | 2,000 | 0.712% | 26,025 | (4,025) | 30,050 | Bank of America, N.A. | |||||||||
Federative Republic of Brazil (D05) | 12/20/26 | 1.000%(Q) | 6,000 | 2.511% | (353,142) | (12,074) | (341,068) | Bank of America, N.A. | |||||||||
Kingdom of Saudi Arabia (D05) | 12/20/26 | 1.000%(Q) | 1,000 | 0.643% | 15,878 | (2,012) | 17,890 | Bank of America, N.A. | |||||||||
People’s Republic of China (D05) | 12/20/26 | 1.000%(Q) | 6,000 | 0.673% | 87,578 | (12,074) | 99,652 | Bank of America, N.A. | |||||||||
Republic of Argentina (D05) | 12/20/26 | 1.000%(Q) | 1,000 | 56.389% | (773,603) | (2,012) | (771,591) | Bank of America, N.A. | |||||||||
Republic of Chile (D05) | 12/20/26 | 1.000%(Q) | 1,000 | 1.213% | (7,545) | (2,012) | (5,533) | Bank of America, N.A. | |||||||||
Republic of Colombia (D05) | 12/20/26 | 1.000%(Q) | 2,500 | 2.399% | (136,157) | (5,031) | (131,126) | Bank of America, N.A. |
69
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2022 (continued):
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at July 31, 2022(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 (D05) | 12/20/26 | 1.000%(Q) | 4,500 | 1.055% | $(5,005) | $(9,055) | $4,050 | Bank of America, N.A. | |||||||||
Republic of Panama (D05) | 12/20/26 | 1.000%(Q) | 1,000 | 1.233% | (8,353) | (2,012) | (6,341) | Bank of America, N.A. | |||||||||
Republic of Peru (D05) | 12/20/26 | 1.000%(Q) | 1,000 | 1.187% | (6,508) | (2,012) | (4,496) | Bank of America, N.A. | |||||||||
Republic of Philippines (D05) | 12/20/26 | 1.000%(Q) | 1,000 | 0.952% | 3,098 | (2,012) | 5,110 | Bank of America, N.A. | |||||||||
Republic of South Africa (D05) | 12/20/26 | 1.000%(Q) | 5,500 | 2.822% | (386,101) | (11,068) | (375,033) | Bank of America, N.A. | |||||||||
Republic of Turkey (D05) | 12/20/26 | 1.000%(Q) | 6,000 | 8.306% | (1,444,431) | (12,074) | (1,432,357) | Bank of America, N.A. | |||||||||
Republic of Ukraine (D05) | 12/20/26 | 1.000%(Q) | 1,000 | 292.634% | (817,973) | (2,012) | (815,961) | Bank of America, N.A. | |||||||||
Russian Federation (D05) | 12/20/26 | 1.000%(Q) | 3,000 | * | (1,957,729) | (6,037) | (1,951,692) | Bank of America, N.A. | |||||||||
State of Qatar (D05) | 12/20/26 | 1.000%(Q) | 1,000 | 0.618% | 16,944 | (2,012) | 18,956 | Bank of America, N.A. | |||||||||
United Mexican States (D05) | 12/20/26 | 1.000%(Q) | 5,500 | 1.458% | (96,018) | (11,068) | (84,950) | Bank of America, N.A. | |||||||||
$(5,825,844) | $(100,614) | $(5,725,230) |
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.36.V1 (D05) | 12/20/26 | 1.000%(Q) | 50,000 | $6,053,311 | $54,765 | $5,998,546 | Bank of America, N.A. |
70
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2022 (continued):
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at July 31, 2022(4) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
OTC Packaged Credit Default Swap Agreements on credit indices— Sell Protection(2)**: | |||||||||||||||||
CDX.EM.37.V1 (D01) | 06/20/27 | 1.000%(Q) | 60,000 | 3.250% | $(5,584,368) | $(109,668) | $(5,474,700) | Goldman Sachs International | |||||||||
CDX.EM.37.V1 (D02) | 06/20/27 | 1.000%(Q) | 200,000 | 3.250% | (18,614,559) | (654,609) | (17,959,950) | Goldman Sachs International | |||||||||
CDX.EM.37.V1 (D03) | 06/20/27 | 1.000%(Q) | 100,000 | 3.250% | (9,307,280) | (139,624) | (9,167,656) | Morgan Stanley & Co. International PLC | |||||||||
CDX.EM.37.V1 (D04) | 06/20/27 | 1.000%(Q) | 10,000 | 3.250% | (930,728) | (22,727) | (908,001) | Barclays Bank PLC | |||||||||
$(34,436,935) | $(926,628) | $(33,510,307) |
** | 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 bought/sold protection on the countries which comprise the index. The upfront premium is attached to the index of the trade for the Emerging Markets CDX package(s). Each swap is priced individually. If any of the component swaps are closed out early, the Index exposure will be reduced by an amount proportionate to the terminated swap(s). Individual packages in the tables above are denoted by the corresponding footnotes (D01 - D05). |
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at July 31, 2022(4) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^: | |||||||||||||||||
GS_21-PJ2A | 08/14/22 | 0.500%(M) | 19,022 | 0.500% | $16,371 | $(1,849) | $18,220 | Goldman Sachs International | |||||||||
GS_21-PJA | 08/14/22 | 0.250%(M) | 36,664 | * | 15,777 | (1,782) | 17,559 | Goldman Sachs International | |||||||||
$32,148 | $(3,631) | $35,779 |
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Value at Trade Date | Value at July 31, 2022 | Unrealized Appreciation (Depreciation) | |||||||||
Centrally Cleared Credit Default Swap Agreement on corporate and/or sovereign issues - Buy Protection(1): | |||||||||||||||
Ryder System, Inc. | 06/20/25 | 1.000%(Q) | 9,540 | $108,668 | $(22,465) | $(131,133) |
71
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2022 (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): | ||||||||||||||||
Central Bank of Tunisia | 12/20/22 | 1.000%(Q) | 700 | $37,279 | $5,566 | $31,713 | Barclays Bank PLC | |||||||||
Eskom Holdings SOC Ltd. | 12/20/23 | 1.000%(Q) | EUR | 2,640 | 129,728 | 163,849 | (34,121) | Deutsche Bank AG | ||||||||
Gazprom PAO | 09/20/22 | 1.000%(Q) | 8,000 | 1,030,192 | 739,394 | 290,798 | Barclays Bank PLC | |||||||||
Gazprom PAO | 03/20/23 | 1.000%(Q) | 11,080 | 4,619,740 | 3,903,019 | 716,721 | Barclays Bank PLC | |||||||||
Gazprom PAO | 12/20/23 | 1.000%(Q) | 1,410 | 762,512 | 380,657 | 381,855 | Citibank, N.A. | |||||||||
Gazprom PAO | 06/20/24 | 1.000%(Q) | 723 | 411,585 | 273,373 | 138,212 | HSBC Bank PLC | |||||||||
Gazprom PAO | 06/20/25 | 1.000%(Q) | EUR | 2,000 | 1,239,945 | 13,817 | 1,226,128 | Barclays Bank PLC | ||||||||
Gazprom PAO | 12/20/25 | 1.000%(Q) | 2,000 | 1,208,687 | 910,228 | 298,459 | Goldman Sachs International | |||||||||
Gazprom PAO | 06/20/26 | 1.000%(Q) | 4,400 | 2,693,877 | 2,395,243 | 298,634 | HSBC Bank PLC | |||||||||
Gazprom PAO | 06/20/27 | 1.000%(Q) | 8,650 | 5,421,809 | 4,799,876 | 621,933 | HSBC Bank PLC | |||||||||
Gazprom PAO | 06/20/27 | 1.000%(Q) | 1,000 | 626,799 | 387,425 | 239,374 | HSBC Bank PLC | |||||||||
Gazprom PAO | 06/20/27 | 1.000%(Q) | 600 | 376,079 | 386,197 | (10,118) | JPMorgan Chase Bank, N.A. | |||||||||
Gazprom PAO | 12/20/27 | 1.000%(Q) | 3,300 | 2,072,681 | 1,740,075 | 332,606 | JPMorgan Chase Bank, N.A. | |||||||||
Host Hotels & Resorts LP | 06/20/24 | 1.000%(Q) | 5,000 | (19,257) | 33,778 | (53,035) | Goldman Sachs International | |||||||||
Marriott International, Inc. | 06/20/25 | 1.000%(Q) | 875 | (11,580) | 23,481 | (35,061) | Morgan Stanley & Co. International PLC | |||||||||
Republic of South Africa | 06/20/26 | 1.000%(Q) | 1,000 | 57,199 | 30,878 | 26,321 | Goldman Sachs International | |||||||||
Russian Federation | 12/20/23 | 1.000%(Q) | 5,000 | 3,262,882 | 1,622,290 | 1,640,592 | Morgan Stanley & Co. International PLC | |||||||||
Russian Federation | 09/20/24 | 1.000%(Q) | 686 | 447,667 | 347,524 | 100,143 | HSBC Bank PLC | |||||||||
Russian Federation | 06/20/25 | 1.000%(Q) | 79 | 51,553 | 41,702 | 9,851 | HSBC Bank PLC | |||||||||
Russian Federation | 12/20/25 | 1.000%(Q) | 20,621 | 13,456,638 | 11,988,535 | 1,468,103 | HSBC Bank PLC | |||||||||
Russian Federation | 12/20/25 | 1.000%(Q) | 2,000 | 1,305,153 | 642,134 | 663,019 | Goldman Sachs International | |||||||||
Russian Federation | 12/20/26 | 1.000%(Q) | 1,200 | 783,091 | 422,445 | 360,646 | Barclays Bank PLC | |||||||||
Russian Federation | 12/20/26 | 1.000%(Q) | 451 | 294,545 | 268,878 | 25,667 | HSBC Bank PLC | |||||||||
Russian Federation | 06/20/27 | 1.000%(Q) | 5,000 | 3,262,882 | 3,501,751 | (238,869) | Barclays Bank PLC | |||||||||
Russian Federation | 06/20/27 | 1.000%(Q) | 3,600 | 2,349,274 | 2,521,260 | (171,986) | Citibank, N.A. | |||||||||
Russian Federation | 06/20/27 | 1.000%(Q) | 1,000 | 652,576 | 695,618 | (43,042) | Barclays Bank PLC | |||||||||
Russian Federation | 06/20/27 | 1.000%(Q) | 400 | 261,031 | 226,154 | 34,877 | Barclays Bank PLC | |||||||||
Russian Federation | 12/20/28 | 1.000%(Q) | 15,000 | 9,788,645 | 8,611,113 | 1,177,532 | Morgan Stanley & Co. International PLC | |||||||||
Russian Federation | 06/20/29 | 1.000%(Q) | 1,000 | 652,576 | 580,019 | 72,557 | Morgan Stanley & Co. International PLC | |||||||||
Russian Federation | 06/20/30 | 1.000%(Q) | 4,500 | 2,936,593 | 2,955,188 | (18,595) | HSBC Bank PLC |
72
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2022 (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.): | ||||||||||||||||
Russian Federation | 12/20/31 | 1.000%(Q) | 24,500 | $15,988,121 | $16,214,421 | $(226,300) | HSBC Bank PLC | |||||||||
Russian Federation | 12/20/31 | 1.000%(Q) | 4,315 | 2,815,867 | 1,901,687 | 914,180 | HSBC Bank PLC | |||||||||
Safeway, Inc. | 03/20/23 | 5.000%(Q) | 5,000 | (169,248) | (136,880) | (32,368) | BNP Paribas S.A. | |||||||||
Sasol Ltd. | 12/20/22 | 1.000%(Q) | 800 | 4,859 | 12,834 | (7,975) | Barclays Bank PLC | |||||||||
$78,801,980 | $68,603,529 | $10,198,451 |
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at July 31, 2022(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): | |||||||||||||||||
American International Group, Inc. | 06/20/26 | 1.000%(Q) | 3,260 | 0.685% | $41,516 | $38,155 | $3,361 | Bank of America, N.A. | |||||||||
Barclays PLC | 12/20/26 | 1.000%(Q) | EUR | 3,000 | 1.055% | (3,593) | 27,485 | (31,078) | Citibank, N.A. | ||||||||
BNP Paribas S.A. | 06/20/23 | 1.000%(Q) | EUR | 5,000 | 0.319% | 37,308 | 49,765 | (12,457) | Barclays Bank PLC | ||||||||
Comision Federal de Electricidad | 12/20/22 | 1.000%(Q) | 3,925 | 1.300% | (182) | 7,657 | (7,839) | Citibank, N.A. | |||||||||
DP World PLC | 12/20/24 | 1.000%(Q) | 2,000 | 0.998% | 2,356 | 4,490 | (2,134) | Barclays Bank PLC | |||||||||
Electricite de France S.A. | 12/20/22 | 1.000%(Q) | EUR | 8,470 | 0.437% | 29,546 | 33,553 | (4,007) | Goldman Sachs International | ||||||||
Emirate of Dubai | 12/20/24 | 1.000%(Q) | 1,000 | 1.023% | 612 | 1,805 | (1,193) | Citibank, N.A. | |||||||||
Eskom Holdings SOC Ltd. | 12/20/23 | 1.000%(Q) | 3,000 | 4.643% | (141,506) | (160,793) | 19,287 | Deutsche Bank AG | |||||||||
Federation of Malaysia | 12/20/24 | 1.000%(Q) | 1,000 | 0.403% | 15,061 | 8,229 | 6,832 | Citibank, N.A. | |||||||||
Gazprom PAO | 12/20/26 | 1.000%(Q) | 8,600 | 49.437% | (5,330,576) | (4,751,438) | (579,138) | HSBC Bank PLC | |||||||||
Generalitat de Cataluna | 12/20/22 | 1.000%(Q) | 2,960 | * | 10,753 | (44,741) | 55,494 | Citibank, N.A. | |||||||||
Generalitat de Cataluna | 12/20/25 | 1.000%(Q) | 4,900 | * | 56,622 | (31,701) | 88,323 | Deutsche Bank AG |
73
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2022 (continued):
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at July 31, 2022(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.): | |||||||||||||||||
Halliburton Co. | 12/20/26 | 1.000%(Q) | 4,240 | 1.056% | $(4,679) | $35,680 | $(40,359) | Goldman Sachs International | |||||||||
Hellenic Republic | 12/20/22 | 1.000%(Q) | 500 | 0.499% | 1,562 | (5,025) | 6,587 | Citibank, N.A. | |||||||||
Hellenic Republic | 06/20/23 | 1.000%(Q) | 300 | 0.620% | 1,353 | (6,026) | 7,379 | Citibank, N.A. | |||||||||
Hellenic Republic | 06/20/24 | 1.000%(Q) | 1,000 | 0.905% | 2,894 | (76,842) | 79,736 | Barclays Bank PLC | |||||||||
Hellenic Republic | 06/20/29 | 1.000%(Q) | 5,400 | 2.103% | (343,484) | (50,385) | (293,099) | Barclays Bank PLC | |||||||||
Hellenic Republic | 12/20/29 | 1.000%(Q) | EUR | 5,000 | 1.734% | (244,306) | 15,579 | (259,885) | Citibank, N.A. | ||||||||
Hellenic Republic | 12/20/31 | 1.000%(Q) | 6,000 | 2.278% | (561,547) | (167,665) | (393,882) | Citibank, N.A. | |||||||||
Israel Electric Corp. Ltd. | 12/20/24 | 1.000%(Q) | 1,000 | 0.965% | 1,967 | 6,141 | (4,174) | Barclays Bank PLC | |||||||||
Japan Govt. | 06/20/28 | 1.000%(Q) | 15,000 | 0.306% | 588,289 | 616,549 | (28,260) | Citibank, N.A. | |||||||||
Kingdom of Spain | 06/20/23 | 1.000%(Q) | 42,665 | 0.160% | 367,167 | 93,220 | 273,947 | Bank of America, N.A. | |||||||||
Kingdom of Spain | 06/20/24 | 1.000%(Q) | 700 | 0.211% | 11,061 | (9,025) | 20,086 | Morgan Stanley & Co. International PLC | |||||||||
Kingdom of Spain | 06/20/25 | 1.000%(Q) | 9,940 | 0.374% | 185,037 | (55,243) | 240,280 | Bank of America, N.A. | |||||||||
Kingdom of Spain | 06/20/25 | 1.000%(Q) | 7,500 | 0.374% | 139,615 | (51,603) | 191,218 | JPMorgan Chase Bank, N.A. | |||||||||
Kingdom of Spain | 06/20/25 | 1.000%(Q) | 1,645 | 0.374% | 30,622 | 12,454 | 18,168 | Barclays Bank PLC | |||||||||
People’s Republic of China | 12/20/24 | 1.000%(Q) | 1,000 | 0.430% | 14,413 | 10,103 | 4,310 | Citibank, N.A. | |||||||||
Republic of Colombia | 06/20/23 | 1.000%(Q) | 5,000 | 1.055% | 3,270 | (2,249) | 5,519 | Goldman Sachs International | |||||||||
Republic of Colombia | 12/20/26 | 1.000%(Q) | 1,000 | 2.399% | (54,463) | (51,222) | (3,241) | Citibank, N.A. |
74
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2022 (continued):
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at July 31, 2022(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 Estonia | 12/20/26 | 1.000%(Q) | 3,150 | 0.667% | $46,972 | $26,193 | $20,779 | JPMorgan Chase Bank, N.A. | |||||||||
Republic of Finland | 06/20/27 | 0.250%(Q) | 2,000 | 0.253% | 262 | 8,253 | (7,991) | Bank of America, N.A. | |||||||||
Republic of Indonesia | 06/20/23 | 1.000%(Q) | 13,885 | 0.300% | 102,184 | (17,708) | 119,892 | Citibank, N.A. | |||||||||
Republic of Indonesia | 06/20/25 | 1.000%(Q) | 6,800 | 0.693% | 65,784 | (181,267) | 247,051 | Morgan Stanley & Co. International PLC | |||||||||
Republic of Indonesia | 06/20/25 | 1.000%(Q) | 6,100 | 0.693% | 59,011 | (103,151) | 162,162 | Morgan Stanley & Co. International PLC | |||||||||
Republic of Indonesia | 06/20/25 | 1.000%(Q) | 2,365 | 0.693% | 22,880 | (62,957) | 85,837 | JPMorgan Chase Bank, N.A. | |||||||||
Republic of Indonesia | 06/20/25 | 1.000%(Q) | 2,155 | 0.693% | 20,847 | (55,721) | 76,568 | BNP Paribas S.A. | |||||||||
Republic of Ireland | 12/20/26 | 1.000%(Q) | 2,000 | 0.167% | 71,842 | 2,863 | 68,979 | Goldman Sachs International | |||||||||
Republic of Ireland | 06/20/27 | 1.000%(Q) | 2,800 | 0.182% | 108,903 | 41,648 | 67,255 | Morgan Stanley & Co. International PLC | |||||||||
Republic of Italy | 06/20/23 | 1.000%(Q) | 18,300 | 0.629% | 81,021 | (212,377) | 293,398 | Bank of America, N.A. | |||||||||
Republic of Italy | 06/20/23 | 1.000%(Q) | 4,000 | 0.629% | 17,709 | — | 17,709 | Morgan Stanley & Co. International PLC | |||||||||
Republic of Italy | 06/20/24 | 1.000%(Q) | 6,000 | 0.962% | 10,973 | (117,682) | 128,655 | Bank of America, N.A. | |||||||||
Republic of Italy | 06/20/24 | 1.000%(Q) | 900 | 0.449% | 10,199 | (18,073) | 28,272 | Deutsche Bank AG | |||||||||
Republic of Italy | 06/20/26 | 1.000%(Q) | 4,200 | 1.426% | (59,673) | (127,657) | 67,984 | Bank of America, N.A. | |||||||||
Republic of Kazakhstan | 06/20/23 | 1.000%(Q) | 7,695 | 1.663% | (36,256) | — | (36,256) | Citibank, N.A. |
75
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2022 (continued):
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at July 31, 2022(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 Panama | 12/20/26 | 1.000%(Q) | 4,200 | 1.233% | $(34,968) | $10,616 | $(45,584) | Citibank, N.A. | |||||||||
Republic of Poland | 06/20/24 | 1.000%(Q) | 6,615 | 1.053% | 1,129 | 9,709 | (8,580) | BNP Paribas S.A. | |||||||||
Republic of Serbia | 12/20/25 | 5.000%(Q) | 4,500 | 2.689% | 350,561 | 599,291 | (248,730) | Citibank, N.A. | |||||||||
Republic of Serbia | 12/20/25 | 1.000%(Q) | 1,000 | 2.689% | (51,529) | (987) | (50,542) | BNP Paribas S.A. | |||||||||
Republic of Slovenia | 06/20/24 | 1.000%(Q) | 900 | 0.321% | 12,364 | (24,780) | 37,144 | HSBC Bank PLC | |||||||||
Republic of South Africa | 06/20/23 | 1.000%(Q) | 5,000 | 1.621% | (21,717) | (25,267) | 3,550 | Deutsche Bank AG | |||||||||
Republic of South Africa | 12/20/23 | 1.000%(Q) | 3,000 | 1.878% | (32,349) | (47,571) | 15,222 | Bank of America, N.A. | |||||||||
Republic of South Africa | 06/20/31 | 1.000%(Q) | 3,000 | 3.562% | (517,360) | (338,940) | (178,420) | Morgan Stanley & Co. International PLC | |||||||||
Republic of Ukraine | 12/20/23 | 5.000%(Q) | 1,400 | 560.676% | (1,120,510) | 27,792 | (1,148,302) | Deutsche Bank AG | |||||||||
Republic of Ukraine | 12/20/23 | 5.000%(Q) | 1,000 | 560.676% | (800,364) | 10,807 | (811,171) | Deutsche Bank AG | |||||||||
Republic of Ukraine | 12/20/24 | 5.000%(Q) | 2,100 | 421.755% | (1,686,339) | 79,560 | (1,765,899) | HSBC Bank PLC | |||||||||
Republic of Ukraine | 06/20/25 | 5.000%(Q) | 7,205 | 377.938% | (5,783,615) | (46,510) | (5,737,105) | Barclays Bank PLC | |||||||||
Republic of Ukraine | 06/20/25 | 5.000%(Q) | 1,000 | 377.938% | (802,722) | (24,005) | (778,717) | Barclays Bank PLC | |||||||||
Republic of Ukraine | 12/20/25 | 5.000%(Q) | 7,390 | 343.316% | (5,930,286) | (104,511) | (5,825,775) | Barclays Bank PLC | |||||||||
Republic of Ukraine | 12/20/25 | 1.000%(Q) | 5,000 | 343.316% | (4,083,483) | (435,331) | (3,648,152) | Morgan Stanley & Co. International PLC | |||||||||
Republic of Ukraine | 12/20/25 | 1.000%(Q) | 2,000 | 343.316% | (1,633,393) | (176,880) | (1,456,513) | Morgan Stanley & Co. International PLC |
76
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2022 (continued):
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at July 31, 2022(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 Ukraine | 12/20/25 | 1.000%(Q) | 2,000 | 343.316% | $(1,633,393) | $(179,500) | $(1,453,893) | Morgan Stanley & Co. International PLC | |||||||||
Russian Federation | 06/20/24 | 1.000%(Q) | 686 | * | (447,667) | (341,156) | (106,511) | HSBC Bank PLC | |||||||||
Russian Federation | 12/20/24 | 1.000%(Q) | 79 | * | (51,553) | (40,766) | (10,787) | HSBC Bank PLC | |||||||||
Russian Federation | 03/20/25 | 1.000%(Q) | 20,621 | * | (13,456,638) | (11,682,104) | (1,774,534) | HSBC Bank PLC | |||||||||
Russian Federation | 06/20/26 | 1.000%(Q) | 451 | * | (294,545) | (267,035) | (27,510) | HSBC Bank PLC | |||||||||
Russian Federation | 12/20/26 | 1.000%(Q) | 2,000 | * | (1,305,153) | (694,932) | (610,221) | Goldman Sachs International | |||||||||
Russian Federation | 06/20/27 | 1.000%(Q) | 5,000 | * | (3,262,882) | (3,525,411) | 262,529 | Morgan Stanley & Co. International PLC | |||||||||
Russian Federation | 06/20/27 | 1.000%(Q) | 3,600 | * | (2,349,275) | (2,538,296) | 189,021 | Morgan Stanley & Co. International PLC | |||||||||
Russian Federation | 12/20/29 | 1.000%(Q) | 4,500 | * | (2,936,594) | (2,956,274) | 19,680 | HSBC Bank PLC | |||||||||
Russian Federation | 12/20/30 | 1.000%(Q) | 24,500 | * | (15,988,121) | (16,194,336) | 206,215 | HSBC Bank PLC | |||||||||
Russian Federation | 12/20/30 | 1.000%(Q) | 4,315 | * | (2,815,867) | (1,902,518) | (913,349) | HSBC Bank PLC | |||||||||
Russian Federation | 12/20/31 | 1.000%(Q) | 15,000 | * | (9,788,646) | (8,920,090) | (868,556) | Morgan Stanley & Co. International PLC | |||||||||
Russian Federation | 12/20/31 | 1.000%(Q) | 1,000 | * | (652,577) | (597,347) | (55,230) | Morgan Stanley & Co. International PLC | |||||||||
State of Illinois | 12/20/22 | 1.000%(Q) | 2,725 | 0.492% | 8,573 | (11,214) | 19,787 | Citibank, N.A. | |||||||||
State of Illinois | 12/20/24 | 1.000%(Q) | 2,800 | 0.748% | 19,272 | (80,402) | 99,674 | Goldman Sachs International |
77
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2022 (continued):
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at July 31, 2022(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.): | |||||||||||||||||
State of Illinois | 06/20/28 | 1.000%(Q) | 1,000 | 1.340% | $(15,800) | $(73,187) | $57,387 | Citibank, N.A. | |||||||||
State of Israel | 09/20/22 | 1.000%(Q) | 3,000 | 0.112% | 7,317 | 3,766 | 3,551 | HSBC Bank PLC | |||||||||
State of Qatar | 12/20/26 | 1.000%(Q) | 4,000 | 0.618% | 67,884 | 96,966 | (29,082) | Citibank, N.A. | |||||||||
Teck Resources Ltd. | 06/20/26 | 5.000%(Q) | 14,000 | 1.993% | 1,578,507 | 2,044,081 | (465,574) | Barclays Bank PLC | |||||||||
UBS Group AG | 12/20/24 | 1.000%(Q) | EUR | 8,600 | 0.965% | 17,513 | 81,070 | (63,557) | Bank of America, N.A. | ||||||||
United Mexican States | 12/20/26 | 1.000%(Q) | 4,000 | 1.458% | (69,831) | 4,151 | (73,982) | Goldman Sachs International | |||||||||
Verizon Communications, Inc. | 06/20/26 | 1.000%(Q) | 9,960 | 1.000% | 11,487 | 162,465 | (150,978) | Goldman Sachs International | |||||||||
$(80,113,224) | $(53,419,805) | $(26,693,419) |
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Value at Trade Date | Value at July 31, 2022 | Unrealized Appreciation (Depreciation) | |||||||||
Centrally Cleared Credit Default Swap Agreements on credit indices - Buy Protection(1): | |||||||||||||||
CDX.NA.IG.38.V1 | 06/20/27 | 1.000%(Q) | 290,000 | $(1,291,514) | $(2,885,933) | $(1,594,419) | |||||||||
iTraxx.EUR.37.V1 | 06/20/27 | 1.000%(Q) | EUR | 185,640 | 520,971 | (201,724) | (722,695) | ||||||||
$(770,543) | $(3,087,657) | $(2,317,114) |
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 |
78
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
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 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 July 31, 2022: | ||||||||||||||||||
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 Agreements: | ||||||||||||||||||
CNH | 10,000 | 2.350%(Q) | 1,564 | 1 Day SOFR(Q) | Standard Chartered Bank | 01/10/27 | $(99,363) | $— | $(99,363) | |||||||||
IDR | 50,000,000 | 8.220%(S) | 3,454 | 6 Month LIBOR(S) | Citibank, N.A. | 11/29/23 | 75,066 | — | 75,066 | |||||||||
PEN | 32,632 | 3.420%(S) | 8,000 | 6 Month LIBOR(S) | Morgan Stanley & Co. International PLC | 08/12/24 | 112,968 | — | 112,968 | |||||||||
$88,671 | $— | $88,671 |
79
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Inflation swap agreements outstanding at July 31, 2022: | ||||||||||||||
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at July 31, 2022 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Inflation Swap Agreements: | ||||||||||||||
EUR | 14,000 | 05/15/23 | 1.485%(T) | France CPI ex Tobacco Household(1)(T) | $— | $754,998 | $754,998 | |||||||
EUR | 14,000 | 05/15/23 | 1.510%(T) | Eurostat Eurozone HICP ex Tobacco(2)(T) | — | (1,535,581) | (1,535,581) | |||||||
$— | $(780,583) | $(780,583) |
(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 July 31, 2022:
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at July 31, 2022 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements: | ||||||||||||||
AUD | 4,000 | 09/21/22 | 3.830%(S) | 6 Month BBSW(2)(S) | $(6,911) | $46,623 | $53,534 | |||||||
AUD | 7,580 | 09/25/22 | 2.958%(S) | 6 Month BBSW(2)(S) | — | 62,365 | 62,365 | |||||||
AUD | 10,000 | 07/10/33 | 2.987%(S) | 6 Month BBSW(2)(S) | 119,496 | (342,572) | (462,068) | |||||||
AUD | 10,000 | 03/26/36 | 2.101%(S) | 6 Month BBSW(2)(S) | — | (1,094,212) | (1,094,212) | |||||||
CAD | 51,805 | 04/03/25 | 0.970%(S) | 3 Month CDOR(2)(S) | 92,030 | (2,386,254) | (2,478,284) | |||||||
CAD | 25,000 | 05/01/25 | 0.758%(S) | 3 Month CDOR(2)(S) | (66) | (1,314,477) | (1,314,411) | |||||||
CAD | 10,595 | 12/03/37 | 2.750%(S) | 3 Month CDOR(1)(S) | 927,992 | 540,855 | (387,137) | |||||||
CAD | 5,000 | 12/03/48 | 2.800%(S) | 3 Month CDOR(2)(S) | 585,864 | (317,750) | (903,614) | |||||||
CHF | 14,500 | 01/31/29 | 0.260%(A) | 1 Day SARON(2)(S) | (63,318) | (691,939) | (628,621) | |||||||
CHF | 800 | 10/17/31 | 0.033%(A) | 1 Day SARON(2)(S) | (746) | (88,438) | (87,692) | |||||||
CHF | 4,000 | 11/05/31 | 0.125%(A) | 1 Day SARON(2)(A) | — | (361,989) | (361,989) | |||||||
CHF | 700 | 04/03/33 | 0.687%(A) | 1 Day SARON(2)(S) | (4,120) | (45,627) | (41,507) | |||||||
CLP | 634,000 | 02/11/30 | 3.085%(S) | 1 Day CLOIS(2)(S) | — | (161,521) | (161,521) | |||||||
CLP | 800,000 | 07/13/30 | 2.030%(S) | 1 Day CLOIS(2)(S) | — | (252,953) | (252,953) |
80
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2022 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at July 31, 2022 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
CNH | 78,000 | 09/03/24 | 2.860%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | $(46) | $185,411 | $185,457 | |||||||
CNH | 76,000 | 10/09/24 | 2.860%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (17) | 174,712 | 174,729 | |||||||
CNH | 98,660 | 11/01/24 | 3.120%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (155) | 352,013 | 352,168 | |||||||
CNH | 92,700 | 02/04/25 | 2.600%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | — | 158,301 | 158,301 | |||||||
CNH | 330,000 | 02/05/25 | 2.600%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (61) | 562,999 | 563,060 | |||||||
CNH | 18,100 | 03/10/25 | 2.300%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (12) | 7,533 | 7,545 | |||||||
CNH | 25,000 | 03/12/25 | 2.400%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (4) | 20,099 | 20,103 | |||||||
CNH | 149,980 | 05/08/25 | 1.860%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (323) | (215,773) | (215,450) | |||||||
CNH | 80,785 | 06/01/25 | 1.973%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | 30 | (84,037) | (84,067) | |||||||
CNH | 118,700 | 07/02/25 | 2.330%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (51) | 45,861 | 45,912 | |||||||
CNH | 161,860 | 07/13/25 | 2.653%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (126) | 282,503 | 282,629 | |||||||
CNH | 48,542 | 08/06/25 | 2.555%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (51) | 74,259 | 74,310 | |||||||
CNH | 129,600 | 09/01/25 | 2.735%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (104) | 293,601 | 293,705 | |||||||
CNH | 225,740 | 11/02/25 | 2.588%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | 421 | 378,641 | 378,220 |
81
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2022 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at July 31, 2022 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
CNH | 200,000 | 12/09/25 | 2.855%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | $— | $571,364 | $571,364 | |||||||
CNH | 192,490 | 01/05/26 | 2.660%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (359) | 348,220 | 348,579 | |||||||
CNH | 40,000 | 03/03/26 | 2.840%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (85) | 114,008 | 114,093 | |||||||
CNH | 50,000 | 03/23/26 | 2.875%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | — | 147,652 | 147,652 | |||||||
CNH | 345,920 | 04/12/26 | 2.810%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (915) | 886,062 | 886,977 | |||||||
CNH | 6,300 | 12/22/26 | 2.460%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | — | 3,268 | 3,268 | |||||||
CZK | 250,000 | 11/17/22 | 1.505%(A) | 6 Month PRIBOR(2)(S) | — | (172,019) | (172,019) | |||||||
CZK | 875,720 | 01/28/24 | 1.938%(A) | 6 Month PRIBOR(2)(S) | — | (2,393,415) | (2,393,415) | |||||||
DKK | 13,600 | 05/04/25 | 0.825%(A) | 6 Month CIBOR(2)(S) | 15 | (25,125) | (25,140) | |||||||
DKK | 5,000 | 08/29/26 | 0.580%(A) | 6 Month CIBOR(2)(S) | 15 | (22,203) | (22,218) | |||||||
DKK | 1,300 | 10/21/26 | 0.673%(A) | 6 Month CIBOR(2)(S) | 12 | (5,336) | (5,348) | |||||||
DKK | 13,000 | 03/15/27 | 1.123%(A) | 6 Month CIBOR(2)(S) | — | (28,393) | (28,393) | |||||||
DKK | 1,865 | 06/22/27 | 0.987%(A) | 6 Month CIBOR(2)(S) | — | (7,423) | (7,423) | |||||||
EUR | 447,550 | 11/23/24 | (0.046)%(A) | 6 Month EURIBOR(2)(S) | — | (6,071,955) | (6,071,955) | |||||||
EUR | 229,995 | 12/02/24 | (0.285)%(A) | 6 Month EURIBOR(2)(S) | — | (7,639,335) | (7,639,335) | |||||||
EUR | 27,230 | 08/15/30 | (0.191)%(A) | 1 Day EuroSTR(2)(A) | (11,868) | (3,005,764) | (2,993,896) | |||||||
EUR | 1,500 | 08/26/31 | 0.562%(A) | 6 Month EURIBOR(2)(S) | 132 | (123,200) | (123,332) | |||||||
EUR | 1,700 | 12/14/31 | 1.217%(A) | 6 Month EURIBOR(2)(S) | 124 | (43,709) | (43,833) |
82
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2022 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at July 31, 2022 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
EUR | 1,850 | 12/19/31 | 1.160%(A) | 6 Month EURIBOR(2)(S) | $403 | $(59,787) | $(60,190) | |||||||
EUR | 2,300 | 12/19/31 | 1.161%(A) | 6 Month EURIBOR(2)(S) | (10,455) | (74,107) | (63,652) | |||||||
EUR | 2,600 | 12/27/31 | 1.082%(A) | 6 Month EURIBOR(2)(S) | 9,368 | (104,907) | (114,275) | |||||||
EUR | 6,400 | 02/23/32 | 1.180%(A) | 6 Month EURIBOR(2)(S) | 156 | (208,084) | (208,240) | |||||||
EUR | 4,680 | 03/29/32 | 1.170%(A) | 6 Month EURIBOR(2)(S) | 1,419 | (164,644) | (166,063) | |||||||
EUR | 1,400 | 04/04/32 | 1.145%(A) | 6 Month EURIBOR(2)(S) | — | (53,341) | (53,341) | |||||||
EUR | 2,000 | 04/10/32 | 1.105%(A) | 6 Month EURIBOR(2)(S) | — | (84,474) | (84,474) | |||||||
EUR | 4,150 | 05/11/32 | 1.100%(A) | 6 Month EURIBOR(2)(S) | (78,477) | (185,681) | (107,204) | |||||||
EUR | 7,000 | 06/28/32 | 0.785%(A) | 6 Month EURIBOR(2)(S) | (51,394) | (553,316) | (501,922) | |||||||
EUR | 3,050 | 10/30/32 | 1.302%(A) | 6 Month EURIBOR(2)(S) | — | (66,941) | (66,941) | |||||||
EUR | 14,225 | 05/11/33 | 1.000%(A) | 6 Month EURIBOR(2)(S) | (318,685) | (928,993) | (610,308) | |||||||
EUR | 11,478 | 11/12/36 | 0.610%(A) | 6 Month EURIBOR(2)(S) | — | (616,725) | (616,725) | |||||||
EUR | 365 | 05/11/39 | 1.100%(A) | 1 Day EuroSTR(2)(A) | (3,023) | (25,388) | (22,365) | |||||||
EUR | 23,435 | 11/12/41 | 0.454%(A) | 6 Month EURIBOR(1)(S) | — | 1,018,689 | 1,018,689 | |||||||
EUR | 12,485 | 11/24/41 | 0.565%(A) | 6 Month EURIBOR(1)(S) | — | 1,357,549 | 1,357,549 | |||||||
EUR | 12,485 | 11/24/41 | 0.600%(A) | 3 Month EURIBOR(2)(Q) | — | (1,492,829) | (1,492,829) | |||||||
EUR | 30,272 | 11/25/41 | 0.629%(A) | 6 Month EURIBOR(1)(S) | — | 3,133,125 | 3,133,125 | |||||||
EUR | 30,272 | 11/25/41 | 0.663%(A) | 3 Month EURIBOR(2)(Q) | — | (3,464,680) | (3,464,680) | |||||||
EUR | 8,450 | 02/17/42 | 0.536%(A) | 6 Month EURIBOR(2)(S) | — | (1,719,519) | (1,719,519) | |||||||
EUR | 17,040 | 03/22/42 | 1.257%(A) | 6 Month EURIBOR(1)(S) | — | 850,135 | 850,135 | |||||||
EUR | 17,040 | 03/22/42 | 1.310%(A) | 3 Month EURIBOR(2)(Q) | — | (1,011,450) | (1,011,450) |
83
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2022 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at July 31, 2022 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
EUR | 3,190 | 05/11/42 | 1.350%(A) | 6 Month EURIBOR(2)(S) | $(160,835) | $(197,649) | $(36,814) | |||||||
EUR | 1,235 | 07/04/42 | 1.001%(A) | 6 Month EURIBOR(2)(S) | (123,038) | (156,520) | (33,482) | |||||||
EUR | 24,475 | 03/09/46 | 0.425%(A) | 6 Month EURIBOR(2)(S) | — | (5,951,412) | (5,951,412) | |||||||
EUR | 2,500 | 11/08/46 | 0.275%(A) | 1 Day EuroSTR(2)(A) | — | (628,875) | (628,875) | |||||||
EUR | 9,135 | 05/11/49 | 1.450%(A) | 6 Month EURIBOR(2)(S) | 607,772 | (211,475) | (819,247) | |||||||
EUR | 11,820 | 11/12/51 | (0.012)%(A) | 6 Month EURIBOR(2)(S) | — | (355,958) | (355,958) | |||||||
GBP | 75,995 | 05/08/27 | 1.050%(A) | 1 Day SONIA(1)(A) | 4,109,692 | 4,811,198 | 701,506 | |||||||
GBP | 11,110 | 05/08/29 | 1.100%(A) | 1 Day SONIA(1)(A) | 1,143,915 | 834,659 | (309,256) | |||||||
GBP | 18,500 | 05/08/42 | 1.250%(A) | 1 Day SONIA(2)(A) | 106,854 | (2,899,889) | (3,006,743) | |||||||
GBP | 13,725 | 05/08/46 | 1.250%(A) | 1 Day SONIA(2)(A) | 2,482,628 | (2,457,732) | (4,940,360) | |||||||
GBP | 3,440 | 05/08/49 | 1.250%(A) | 1 Day SONIA(2)(A) | 691,135 | (665,080) | (1,356,215) | |||||||
GBP | 3,540 | 09/03/50 | 0.328%(A) | 1 Day SONIA(2)(A) | (33) | (1,555,160) | (1,555,127) | |||||||
GBP | 1,800 | 05/08/52 | 1.250%(A) | 1 Day SONIA(2)(A) | (240,798) | (370,043) | (129,245) | |||||||
HUF | 500,000 | 03/31/31 | 2.460%(A) | 6 Month BUBOR(2)(S) | — | (465,096) | (465,096) | |||||||
ILS | 40,440 | 04/16/28 | 0.928%(A) | 3 Month TELBOR(2)(Q) | (454) | (852,110) | (851,656) | |||||||
JPY | 3,276,010 | 12/20/24 | 0.126%(S) | 1 Day TONAR(2)(S) | (11,029) | 15,092 | 26,121 | |||||||
JPY | 950,000 | 01/15/25 | 0.000%(S) | 1 Day TONAR(2)(S) | 736 | (18,749) | (19,485) | |||||||
JPY | 9,000,000 | 03/02/26 | 0.029%(S) | 1 Day TONAR(2)(S) | 18 | (260,933) | (260,951) | |||||||
JPY | 5,000,000 | 06/02/26 | 0.009%(S) | 1 Day TONAR(2)(S) | 38 | (193,229) | (193,267) | |||||||
JPY | 2,000,000 | 01/04/27 | (0.033)%(S) | 1 Day TONAR(2)(S) | 3,749 | (125,937) | (129,686) | |||||||
JPY | 2,100,000 | 05/06/27 | 0.020%(S) | 1 Day TONAR(2)(S) | 55 | (108,415) | (108,470) |
84
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2022 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at July 31, 2022 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
JPY | 1,800,000 | 11/12/28 | 0.011%(S) | 1 Day TONAR(2)(S) | $71 | $(176,543) | $(176,614) | |||||||
JPY | 135,000 | 02/20/29 | 1.260%(S) | 1 Day TONAR(2)(S) | (4,014) | 73,718 | 77,732 | |||||||
JPY | 2,500,000 | 03/22/29 | 0.068%(S) | 1 Day TONAR(2)(S) | (1,748) | (203,978) | (202,230) | |||||||
JPY | 50,000 | 04/02/29 | 1.288%(S) | 1 Day TONAR(2)(S) | (925) | 27,813 | 28,738 | |||||||
JPY | 100,000 | 08/18/29 | 1.070%(S) | 1 Day TONAR(2)(S) | (2,576) | 46,691 | 49,267 | |||||||
JPY | 100,000 | 08/28/29 | 1.043%(S) | 1 Day TONAR(2)(S) | (2,213) | 45,023 | 47,236 | |||||||
JPY | 200,000 | 09/09/29 | 1.061%(S) | 1 Day TONAR(2)(S) | (4,098) | 92,047 | 96,145 | |||||||
JPY | 655,000 | 09/29/29 | 1.064%(S) | 1 Day TONAR(2)(S) | (10,468) | 300,879 | 311,347 | |||||||
JPY | 300,000 | 07/02/30 | 0.047%(S) | 1 Day TONAR(2)(S) | (210) | (42,432) | (42,222) | |||||||
JPY | 200,000 | 04/01/31 | 0.319%(S) | 1 Day TONAR(2)(S) | (889) | 1,481 | 2,370 | |||||||
JPY | 215,000 | 05/06/31 | 0.354%(S) | 1 Day TONAR(2)(S) | (497) | 5,582 | 6,079 | |||||||
JPY | 150,000 | 07/07/31 | 0.071%(S) | 1 Day TONAR(2)(S) | (229) | (25,820) | (25,591) | |||||||
JPY | 700,000 | 08/05/31 | 0.026%(S) | 1 Day TONAR(2)(S) | 48 | (144,871) | (144,919) | |||||||
JPY | 256,500 | 08/15/31 | 0.223%(S) | 1 Day TONAR(2)(S) | (1,319) | (17,789) | (16,470) | |||||||
JPY | 130,000 | 08/30/31 | 0.217%(S) | 1 Day TONAR(2)(S) | (543) | (9,771) | (9,228) | |||||||
JPY | 120,000 | 09/08/31 | 0.316%(S) | 1 Day TONAR(2)(S) | (705) | (768) | (63) | |||||||
JPY | 190,000 | 09/21/31 | 0.328%(S) | 1 Day TONAR(2)(S) | (999) | (77) | 922 | |||||||
JPY | 350,000 | 10/14/31 | 0.270%(S) | 1 Day TONAR(2)(S) | (1,068) | (15,559) | (14,491) | |||||||
JPY | 200,000 | 04/06/32 | 0.484%(S) | 1 Day TONAR(2)(S) | (1,298) | 19,261 | 20,559 | |||||||
JPY | 159,520 | 04/07/32 | 0.491%(S) | 1 Day TONAR(2)(S) | (1,035) | 16,199 | 17,234 | |||||||
JPY | 1,200,000 | 05/19/32 | 0.023%(S) | 1 Day TONAR(2)(S) | (28) | (305,050) | (305,022) |
85
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2022 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at July 31, 2022 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
JPY | 800,000 | 05/29/32 | 0.016%(S) | 1 Day TONAR(2)(S) | $(3) | $(208,808) | $(208,805) | |||||||
JPY | 140,000 | 06/07/32 | 0.451%(S) | 1 Day TONAR(2)(S) | — | 8,643 | 8,643 | |||||||
JPY | 71,000 | 09/21/32 | 0.463%(S) | 1 Day TONAR(2)(S) | (544) | 4,831 | 5,375 | |||||||
JPY | 160,000 | 11/14/32 | 2.390%(S) | 1 Day TONAR(2)(S) | — | 235,773 | 235,773 | |||||||
JPY | 900,000 | 01/04/38 | 0.757%(S) | 1 Day TONAR(2)(S) | (23,915) | 110,125 | 134,040 | |||||||
JPY | 800,000 | 03/28/38 | 0.656%(S) | 1 Day TONAR(2)(S) | (8,220) | 6,351 | 14,571 | |||||||
JPY | 675,000 | 04/06/38 | 0.655%(S) | 1 Day TONAR(2)(S) | (6,145) | 2,761 | 8,906 | |||||||
JPY | 1,815,000 | 04/18/38 | 0.675%(S) | 1 Day TONAR(2)(S) | (13,792) | 43,340 | 57,132 | |||||||
JPY | 600,000 | 08/10/38 | 0.822%(S) | 1 Day TONAR(2)(S) | (13,189) | 115,031 | 128,220 | |||||||
JPY | 2,430,385 | 12/03/38 | 0.600%(S) | 1 Day TONAR(2)(S) | (1,318) | (261,113) | (259,795) | |||||||
JPY | 969,000 | 12/03/39 | 0.650%(S) | 1 Day TONAR(2)(S) | (572) | (101,955) | (101,383) | |||||||
JPY | 166,000 | 05/09/43 | 0.820%(S) | 1 Day TONAR(2)(S) | (876) | (6,454) | (5,578) | |||||||
JPY | 2,000,000 | 10/23/45 | 0.333%(S) | 1 Day TONAR(2)(S) | (6,539) | (1,890,683) | (1,884,144) | |||||||
JPY | 775,000 | 04/12/46 | 0.496%(S) | 1 Day TONAR(2)(S) | (4,852) | (545,258) | (540,406) | |||||||
JPY | 110,291 | 04/15/46 | 0.560%(S) | 1 Day TONAR(2)(S) | (727) | (65,809) | (65,082) | |||||||
JPY | 26,000 | 10/04/47 | 0.942%(S) | 1 Day TONAR(2)(S) | (360) | (50) | 310 | |||||||
JPY | 560,000 | 11/24/47 | 0.888%(S) | 1 Day TONAR(2)(S) | (1,498) | (62,795) | (61,297) | |||||||
JPY | 500,000 | 05/29/50 | 0.186%(S) | 1 Day TONAR(2)(S) | (163) | (771,011) | (770,848) | |||||||
JPY | 500,000 | 08/26/50 | 0.334%(S) | 1 Day TONAR(2)(S) | (3,718) | (634,941) | (631,223) | |||||||
JPY | 1,000,000 | 12/16/50 | 0.338%(S) | 1 Day TONAR(2)(S) | (12,792) | (1,288,021) | (1,275,229) | |||||||
JPY | 1,200,000 | 02/08/51 | 0.467%(S) | 1 Day TONAR(2)(S) | (15,210) | (1,243,835) | (1,228,625) |
86
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2022 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at July 31, 2022 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
JPY | 1,650,000 | 03/30/51 | 0.520%(S) | 1 Day TONAR(2)(S) | $(13,141) | $(1,556,394) | $(1,543,253) | |||||||
KRW | 18,824,000 | 08/06/25 | 0.830%(Q) | 3 Month KWCDC(2)(Q) | (16) | (952,114) | (952,098) | |||||||
KRW | 20,447,900 | 09/10/28 | 2.043%(Q) | 3 Month KWCDC(2)(Q) | 510,641 | (760,166) | (1,270,807) | |||||||
KRW | 3,120,000 | 10/18/29 | 1.313%(Q) | 3 Month KWCDC(2)(Q) | 9 | (250,913) | (250,922) | |||||||
KRW | 11,000,000 | 02/05/30 | 1.319%(Q) | 3 Month KWCDC(2)(Q) | 17 | (915,242) | (915,259) | |||||||
KRW | 2,455,000 | 04/27/30 | 1.065%(Q) | 3 Month KWCDC(2)(Q) | 2 | (241,834) | (241,836) | |||||||
KRW | 10,000,000 | 07/16/30 | 1.000%(Q) | 3 Month KWCDC(2)(Q) | (40) | (1,047,568) | (1,047,528) | |||||||
KRW | 5,000,000 | 01/05/31 | 1.258%(Q) | 3 Month KWCDC(2)(Q) | — | (469,437) | (469,437) | |||||||
KRW | 21,000,000 | 08/13/31 | 1.630%(Q) | 3 Month KWCDC(2)(Q) | — | (1,601,382) | (1,601,382) | |||||||
NOK | 36,000 | 02/07/29 | 2.083%(A) | 6 Month NIBOR(2)(S) | — | (181,698) | (181,698) | |||||||
NOK | 48,000 | 10/07/29 | 1.660%(A) | 6 Month NIBOR(2)(S) | — | (367,043) | (367,043) | |||||||
NZD | 6,450 | 11/28/28 | 2.950%(S) | 3 Month BBR(2)(Q) | — | (133,057) | (133,057) | |||||||
PLN | 10,000 | 03/26/31 | 1.675%(A) | 6 Month WIBOR(2)(S) | — | (535,294) | (535,294) | |||||||
SGD | 17,215 | 07/29/31 | 1.120%(S) | 6 Month SIBOR(2)(S) | 108,421 | (1,642,897) | (1,751,318) | |||||||
THB | 120,000 | 08/23/23 | 1.920%(Q) | 1 Day THOR(2)(Q) | — | 16,220 | 16,220 | |||||||
THB | 60,000 | 07/04/24 | 1.590%(Q) | 1 Day THOR(2)(Q) | — | (9,231) | (9,231) | |||||||
THB | 173,600 | 04/28/30 | 1.020%(Q) | 1 Day THOR(2)(Q) | — | (449,754) | (449,754) | |||||||
THB | 23,000 | 05/29/30 | 2.645%(Q) | 1 Day THOR(2)(Q) | (1,033) | 17,415 | 18,448 | |||||||
THB | 72,900 | 06/25/30 | 0.990%(Q) | 1 Day THOR(2)(Q) | — | (196,793) | (196,793) | |||||||
THB | 200,200 | 07/03/30 | 1.028%(Q) | 1 Day THOR(2)(Q) | — | (527,284) | (527,284) | |||||||
THB | 115,500 | 08/17/31 | 1.320%(Q) | 1 Day THOR(2)(Q) | — | (274,057) | (274,057) |
87
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2022 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at July 31, 2022 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
219,110 | 11/09/22 | 0.061%(A) | 1 Day SOFR(1)(A) | $— | $2,208,921 | $2,208,921 | ||||||||
48,592 | 08/15/28 | 1.220%(A) | 1 Day SOFR(1)(A) | — | 3,051,646 | 3,051,646 | ||||||||
4,980 | 08/15/44 | 2.392%(A) | 1 Day USOIS(1)(A) | — | 21,403 | 21,403 | ||||||||
$10,252,194 | $(51,572,145) | $(61,824,339) |
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Fair Value | Upfront Premiums Paid(Received) | Unrealized Appreciation (Depreciation) | Counterparty | ||||||||
OTC Interest Rate Swap Agreements: | |||||||||||||||
CNH | 10,000 | 04/02/26 | 3.120%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | $42,170 | $3 | $42,167 | Citibank, N.A. | |||||||
CNH | 5,000 | 10/14/31 | 2.675%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | 5,703 | — | 5,703 | Standard Chartered Bank | |||||||
CNH | 30,000 | 11/02/31 | 2.700%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | 50,533 | — | 50,533 | Standard Chartered Bank | |||||||
ILS | 7,500 | 12/09/22 | 1.530%(A) | 3 Month TELBOR(2)(Q) | 16,316 | — | 16,316 | Citibank, N.A. | |||||||
ILS | 4,200 | 06/27/23 | 3.730%(A) | 3 Month TELBOR(2)(Q) | 18,522 | — | 18,522 | Credit Suisse International | |||||||
JPY | 35,000 | 12/14/32 | 1.575%(S) | 6 Month JPY LIBOR(2)(S) | 32,392 | — | 32,392 | HSBC Bank PLC | |||||||
KRW | 655,000 | 10/07/22 | 1.765%(Q) | 3 Month KWCDC(2)(Q) | (373) | — | (373) | JPMorgan Chase Bank, N.A. | |||||||
KRW | 3,300,000 | 04/17/23 | 2.170%(Q) | 3 Month KWCDC(2)(Q) | (15,116) | (44) | (15,072) | Morgan Stanley & Co. International PLC | |||||||
KRW | 900,000 | 11/05/24 | 2.425%(Q) | 3 Month KWCDC(2)(Q) | (8,255) | — | (8,255) | Citibank, N.A. | |||||||
KRW | 1,485,000 | 10/28/26 | 1.520%(Q) | 3 Month KWCDC(2)(Q) | (66,917) | (7) | (66,910) | JPMorgan Chase Bank, N.A. | |||||||
KRW | 2,040,000 | 04/26/27 | 1.880%(Q) | 3 Month KWCDC(2)(Q) | (75,113) | — | (75,113) | Morgan Stanley & Co. International PLC | |||||||
KRW | 1,280,000 | 10/17/28 | 1.450%(Q) | 3 Month KWCDC(2)(Q) | (83,278) | — | (83,278) | Citibank, N.A. | |||||||
KRW | 520,000 | 01/27/31 | 1.870%(Q) | 3 Month KWCDC(2)(Q) | (30,204) | — | (30,204) | JPMorgan Chase Bank, N.A. |
88
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2022 (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.): | |||||||||||||||
MYR | 16,000 | 08/19/23 | 3.445%(Q) | 3 Month KLIBOR(2)(Q) | $22,032 | $— | $22,032 | Morgan Stanley & Co. International PLC | |||||||
MYR | 1,700 | 04/28/25 | 4.040%(Q) | 3 Month KLIBOR(2)(Q) | 6,759 | — | 6,759 | Citibank, N.A. | |||||||
MYR | 23,575 | 04/09/26 | 2.625%(Q) | 3 Month KLIBOR(2)(Q) | (147,161) | (319) | (146,842) | Morgan Stanley & Co. International PLC | |||||||
MYR | 45,900 | 08/12/26 | 2.605%(Q) | 3 Month KLIBOR(2)(Q) | (313,166) | (639) | (312,527) | HSBC Bank PLC | |||||||
MYR | 3,160 | 07/11/29 | 3.528%(Q) | 3 Month KLIBOR(2)(Q) | (1,723) | (6) | (1,717) | Morgan Stanley & Co. International PLC | |||||||
MYR | 11,700 | 11/19/29 | 3.245%(Q) | 3 Month KLIBOR(2)(Q) | (53,656) | 18 | (53,674) | Morgan Stanley & Co. International PLC | |||||||
MYR | 17,800 | 02/04/30 | 3.060%(Q) | 3 Month KLIBOR(2)(Q) | (133,831) | 9 | (133,840) | Morgan Stanley & Co. International PLC | |||||||
THB | 28,900 | 04/30/25 | 2.560%(S) | 6 Month THBFIX(2)(S) | 15,173 | — | 15,173 | Citibank, N.A. | |||||||
THB | 173,000 | 05/07/25 | 0.795%(S) | 6 Month THBFIX(2)(S) | (157,433) | 15 | (157,448) | HSBC Bank PLC | |||||||
3,000 | 01/26/32 | —(3) | —(3) | 11,786 | — | 11,786 | Citibank, N.A. | ||||||||
ZAR | 40,930 | 03/22/42 | 7.800%(Q) | 3 Month JIBAR(2)(Q) | (276,869) | — | (276,869) | Citibank, N.A. | |||||||
ZAR | 89,400 | 09/22/42 | 8.020%(Q) | 3 Month JIBAR(2)(Q) | (494,617) | — | (494,617) | Citibank, N.A. | |||||||
ZAR | 38,700 | 03/22/47 | 7.650%(Q) | 3 Month JIBAR(1)(Q) | 322,125 | — | 322,125 | Citibank, N.A. | |||||||
ZAR | 83,965 | 09/22/47 | 7.890%(Q) | 3 Month JIBAR(1)(Q) | 573,707 | — | 573,707 | Citibank, N.A. | |||||||
$(740,494) | $(970) | $(739,524) |
(1) | The Fund pays the fixed rate and receives the floating rate. |
(2) | The Fund pays the floating rate and receives the fixed rate. |
(3) | The Fund pays the floating rate of 1 Week MUNIPSA quarterly and receives the floating rate of 1 Day SOFR quarterly. |
Other information regarding the Fund is available in the Fund’s most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
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