PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of July 31, 2022 (unaudited)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Long-Term Investments 96.0% | |||||
Asset-Backed Securities 12.8% | |||||
Bermuda 0.8% | |||||
TSTAT Ltd., Series 2022-01A, Class A1, 144A | — %(p) | 07/20/31 | 750 | $750,000 | |
Cayman Islands 8.4% | |||||
AIG CLO Ltd., Series 2019-02A, Class AR, 144A, 3 Month LIBOR + 1.100% (Cap N/A, Floor 1.100%) | 3.883(c) | 10/25/33 | 500 | 487,203 | |
Arbor Realty Commercial Real Estate Notes Ltd., Series 2022-FL01, Class A, 144A, 30 Day Average SOFR + 1.450% (Cap N/A, Floor 1.450%) | 2.867(c) | 01/15/37 | 200 | 195,680 | |
Atlas Static Senior Loan Fund Ltd., Series 2022-01A, Class A, 144A | —(p) | 07/15/30 | 500 | 497,500 | |
Bain Capital Credit CLO Ltd., Series 2018-01A, Class A1, 144A, 3 Month LIBOR + 0.960% (Cap N/A, Floor 0.000%) | 3.743(c) | 04/23/31 | 250 | 245,142 | |
Broad River BSL Funding CLO Ltd., Series 2020-01A, Class AR, 144A, 3 Month LIBOR + 1.170% (Cap N/A, Floor 1.170%) | 3.880(c) | 07/20/34 | 750 | 723,730 | |
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 | 250 | 244,888 | |
Carlyle Global Market Strategies CLO Ltd., Series 2014-01A, Class A1R2, 144A, 3 Month LIBOR + 0.970% (Cap N/A, Floor 0.970%) | 3.710(c) | 04/17/31 | 249 | 244,574 | |
Greywolf CLO Ltd., Series 2018-01A, Class A1, 144A, 3 Month LIBOR + 1.030% (Cap N/A, Floor 0.000%) | 3.796(c) | 04/26/31 | 750 | 735,017 | |
Jamestown CLO Ltd., Series 2019-14A, Class A1AR, 144A, 3 Month LIBOR + 1.200% (Cap N/A, Floor 1.200%) | 3.910(c) | 10/20/34 | 250 | 240,764 | |
Madison Park Funding Ltd., Series 2019-33A, Class AR, 144A, 3 Month SOFR+ 1.290% (Cap N/A, Floor 1.290%) | 3.618(c) | 10/15/32 | 750 | 734,512 | |
MidOcean Credit CLO, Series 2018-08A, Class B, 144A, 3 Month LIBOR + 1.650% (Cap N/A, Floor 0.000%) | 3.128(c) | 02/20/31 | 250 | 238,333 | |
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 | 250 | 237,764 |
1
PGIM Global Total Return (USD Hedged) 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.) | |||||
Palmer Square CLO Ltd., Series 2015-01A, Class A1A4, 144A, 3 Month LIBOR + 1.130% (Cap N/A, Floor 1.130%) | 2.635 %(c) | 05/21/34 | 750 | $721,380 | |
TCW CLO Ltd., | |||||
Series 2017-01A, Class A1RR, 144A, 3 Month LIBOR + 1.180% (Cap N/A, Floor 1.180%) | 3.986(c) | 10/29/34 | 250 | 240,291 | |
Series 2020-01A, Class A1RR, 144A, 3 Month LIBOR + 1.160% (Cap N/A, Floor 1.160%) | 3.870(c) | 04/20/34 | 750 | 724,318 | |
Telos CLO Ltd., Series 2013-04A, Class AR, 144A, 3 Month LIBOR + 1.240% (Cap N/A, Floor 0.000%) | 3.980(c) | 01/17/30 | 230 | 227,504 | |
Trimaran Cavu Ltd., Series 2021-01A, Class A, 144A, 3 Month LIBOR + 1.210% (Cap N/A, Floor 1.210%) | 3.993(c) | 04/23/32 | 500 | 490,899 | |
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 | 250 | 244,089 | |
Wind River CLO Ltd., Series 2016-01KRA, Class A1R2, 144A, 3 Month LIBOR + 1.210% (Cap N/A, Floor 1.210%) | 3.722(c) | 10/15/34 | 250 | 240,276 | |
7,713,864 | |||||
Ireland 1.7% | |||||
Ares European CLO DAC, Series 11A, Class B2R, 144A | 1.950 | 04/15/32 | EUR | 500 | 461,350 |
Armada Euro CLO DAC, Series 02A, Class A3, 144A | 1.500 | 11/15/31 | EUR | 250 | 250,097 |
Carlyle Euro CLO DAC, Series 2021-02A, Class A1, 144A, 3 Month EURIBOR + 0.990% (Cap N/A, Floor 0.990%) | 0.990(c) | 10/15/35 | EUR | 300 | 287,883 |
Carlyle Global Market Strategies Euro CLO Ltd., Series 2014-02A, Class AR1, 144A, 3 Month EURIBOR + 0.750% (Cap N/A, Floor 0.750%) | 0.750(c) | 11/15/31 | EUR | 500 | 488,355 |
1,487,685 |
2
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Asset-Backed Securities (Continued) | |||||
Spain 0.1% | |||||
TFS, | |||||
Series 2018-03, Class A1^ | 0.000 %(cc) | 04/16/40 | EUR | —(r) | $72 |
Series 2018-03, Class A1, 1 Month EURIBOR + 3.000%^ | 3.000(c) | 04/16/23 | EUR | 62 | 62,594 |
62,666 | |||||
United States 1.8% | |||||
Battalion CLO Ltd., Series 2018-12A, Class A1, 144A, 3 Month LIBOR + 1.070% (Cap N/A, Floor 1.070%) | 2.514(c) | 05/17/31 | 250 | 244,376 | |
Exeter Automobile Receivables Trust, Series 2021-03A, Class D | 1.550 | 06/15/27 | 100 | 91,737 | |
Greenwood Park CLO Ltd., Series 2018-01A, Class A2, 144A, 3 Month LIBOR + 1.010% (Cap N/A, Floor 0.000%) | 3.522(c) | 04/15/31 | 250 | 244,381 | |
Lendmark Funding Trust, Series 2019-02A, Class A, 144A | 2.780 | 04/20/28 | 200 | 195,801 | |
Mariner Finance Issuance Trust, Series 2020-AA, Class A, 144A | 2.190 | 08/21/34 | 100 | 96,925 | |
OneMain Direct Auto Receivables Trust, | |||||
Series 2019-01A, Class A, 144A | 3.630 | 09/14/27 | 100 | 98,519 | |
Series 2019-01A, Class D, 144A | 4.680 | 04/14/31 | 100 | 94,767 | |
Oportun Funding XIV LLC, | |||||
Series 2021-A, Class B, 144A | 1.760 | 03/08/28 | 100 | 94,080 | |
Series 2021-A, Class C, 144A | 3.440 | 03/08/28 | 100 | 94,151 | |
Oportun Issuance Trust, Series 2022-02, Class A, 144A | 5.940 | 10/09/29 | 200 | 199,947 | |
Regional Management Issuance Trust, Series 2022-01, Class A, 144A | 3.070 | 03/15/32 | 100 | 94,033 | |
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 | 120 | 117,017 | |
1,665,734 | |||||
Total Asset-Backed Securities (cost $12,298,346) | 11,679,949 |
3
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Bank Loans 0.0% | |||||
United States | |||||
Diamond Sports Group LLC, | |||||
First Lien Term Loan, 1 Month SOFR + 8.000% | 9.786 %(c) | 05/25/26 | 5 | $5,055 | |
Second Lien Term Loan, 1 Month SOFR + 3.250% | 5.036(c) | 08/24/26 | 50 | 9,927 | |
Total Bank Loans (cost $42,809) | 14,982 | ||||
Commercial Mortgage-Backed Securities 7.1% | |||||
Canada 0.0% | |||||
Real Estate Asset Liquidity Trust, Series 2020-01A, Class A1, 144A | 2.381(cc) | 02/12/55 | CAD | 22 | 16,465 |
Ireland 1.0% | |||||
Deco DAC, Series 2019-RAM, Class B, SONIA + 3.607% (Cap N/A, Floor 3.607%) | 4.170(c) | 08/07/30 | GBP | 445 | 460,925 |
Last Mile Logistics Pan Euro Finance DAC, Series 01A, Class D, 144A, 3 Month EURIBOR + 1.900% (Cap N/A, Floor 1.900%) | 1.900(c) | 08/17/33 | EUR | 100 | 94,957 |
Taurus DAC, | |||||
Series 2021-UK4A, Class B, 144A, SONIA + 1.500% (Cap N/A, Floor 1.500%) | 2.108(c) | 08/17/31 | GBP | 96 | 109,882 |
Series 2021-UK4A, Class C, 144A, SONIA + 1.750% (Cap N/A, Floor 1.750%) | 2.358(c) | 08/17/31 | GBP | 96 | 113,069 |
Series 2021-UK4A, Class D, 144A, SONIA + 2.100% (Cap N/A, Floor 2.100%) | 2.708(c) | 08/17/31 | GBP | 95 | 106,162 |
884,995 | |||||
United States 6.1% | |||||
BANK, | |||||
Series 2018-BN10, Class A4 | 3.428 | 02/15/61 | 250 | 246,232 | |
Series 2020-BN26, Class A3 | 2.155 | 03/15/63 | 200 | 178,462 | |
Barclays Commercial Mortgage Securities Trust, Series 2018-CHRS, Class C, 144A | 4.267(cc) | 08/05/38 | 380 | 340,218 | |
Benchmark Mortgage Trust, | |||||
Series 2018-B01, Class A3 | 3.355 | 01/15/51 | 175 | 173,244 | |
Series 2018-B02, Class A3 | 3.544 | 02/15/51 | 200 | 197,578 | |
Series 2020-B17, Class A4 | 2.042 | 03/15/53 | 75 | 66,092 | |
Series 2020-B20, Class A3 | 1.945 | 10/15/53 | 100 | 90,156 |
4
PGIM Global Total Return (USD Hedged) 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 | 85 | $82,006 | |
Series 2019-XL, Class G, 144A, 1 Month LIBOR + 2.300% (Cap N/A, Floor 2.300%) | 4.299(c) | 10/15/36 | 85 | 81,624 | |
Series 2019-XL, Class J, 144A, 1 Month LIBOR + 2.650% (Cap N/A, Floor 2.650%) | 4.649(c) | 10/15/36 | 517 | 491,169 | |
Series 2022-AHP, Class E, 144A, 1 Month SOFR+ 3.040% (Cap N/A, Floor 3.040%) | 4.999(c) | 01/17/39 | 400 | 387,604 | |
BX Trust, Series 2022-LBA06, Class E, 144A, 1 Month SOFR+ 2.700% (Cap N/A, Floor 2.700%) | 4.659(c) | 01/15/39 | 350 | 330,496 | |
Citigroup Commercial Mortgage Trust, Series 2018-B02, Class A3 | 3.744 | 03/10/51 | 150 | 148,616 | |
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 | 98 | 95,214 | |
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 | 200 | 193,951 | |
FHLMC Multifamily Structured Pass-Through Certificates, | |||||
Series K052, Class X1, IO | 0.640(cc) | 11/25/25 | 4,343 | 76,241 | |
Series K111, Class X1, IO | 1.571(cc) | 05/25/30 | 319 | 31,167 | |
Series K113, Class X1, IO | 1.387(cc) | 06/25/30 | 920 | 79,944 | |
Series KG03, Class X1, IO | 1.381(cc) | 06/25/30 | 1,054 | 90,071 | |
GS Mortgage Securities Trust, Series 2018-GS09, Class A3 | 3.727 | 03/10/51 | 125 | 122,984 | |
JPMorgan Chase Commercial Mortgage Securities Trust, | |||||
Series 2021-NYAH, Class G, 144A, 1 Month LIBOR + 2.640% (Cap N/A, Floor 2.640%) | 4.639(c) | 06/15/38 | 150 | 135,094 | |
Series 2021-NYAH, Class H, 144A, 1 Month LIBOR + 3.390% (Cap N/A, Floor 3.390%) | 5.389(c) | 06/15/38 | 100 | 88,034 | |
MKT Mortgage Trust, Series 2020-525M, Class F, 144A | 2.941(cc) | 02/12/40 | 100 | 69,763 | |
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 | 100 | 94,261 | |
Series 2020-01NYP, Class D, 144A, 1 Month LIBOR + 2.750% (Cap N/A, Floor 2.750%) | 4.749(c) | 01/15/36 | 100 | 94,315 | |
UBS Commercial Mortgage Trust, Series 2018-C08, Class A3 | 3.720 | 02/15/51 | 250 | 247,744 |
5
PGIM Global Total Return (USD Hedged) 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.) | |||||
Wells Fargo Commercial Mortgage Trust, | |||||
Series 2016-LC24, Class A3 | 2.684 % | 10/15/49 | 225 | $214,901 | |
Series 2021-C59, Class A3 | 1.958 | 04/15/54 | 600 | 539,734 | |
Series 2021-FCMT, Class C, 144A, 1 Month LIBOR + 2.400% (Cap N/A, Floor 2.400%) | 4.399(c) | 05/15/31 | 100 | 94,868 | |
Series 2021-FCMT, Class E, 144A, 1 Month LIBOR + 4.500% (Cap N/A, Floor 4.500%) | 6.499(c) | 05/15/31 | 600 | 562,677 | |
5,644,460 | |||||
Total Commercial Mortgage-Backed Securities (cost $7,047,482) | 6,545,920 | ||||
Corporate Bonds 34.5% | |||||
Belgium 0.1% | |||||
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc., Gtd. Notes | 4.900 | 02/01/46 | 140 | 140,843 | |
Brazil 0.4% | |||||
Petrobras Global Finance BV, Gtd. Notes | 6.625 | 01/16/34 | GBP | 300 | 338,351 |
Bulgaria 0.2% | |||||
Bulgarian Energy Holding EAD, Sr. Unsec’d. Notes | 2.450 | 07/22/28 | EUR | 200 | 163,467 |
Canada 1.0% | |||||
Bombardier, Inc., | |||||
Sr. Unsec’d. Notes, 144A | 7.125 | 06/15/26 | 25 | 23,210 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 12/01/24 | 19 | 18,620 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 03/15/25 | 21 | 20,764 | |
Sr. Unsec’d. Notes, 144A | 7.875 | 04/15/27 | 80 | 73,700 | |
Brookfield Residential Properties, Inc./Brookfield Residential US LLC, Gtd. Notes, 144A | 4.875 | 02/15/30 | 35 | 26,775 | |
Cenovus Energy, Inc., | |||||
Sr. Unsec’d. Notes | 2.650 | 01/15/32 | 15 | 12,898 | |
Sr. Unsec’d. Notes | 3.750 | 02/15/52 | 10 | 8,047 | |
Hydro-Quebec, | |||||
Local Gov’t. Gtd. Notes, Series HK | 9.375 | 04/15/30 | 150 | 209,026 |
6
PGIM Global Total Return (USD Hedged) 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.) | |||||
Hydro-Quebec, (cont’d.) | |||||
Local Gov’t. Gtd. Notes, Series JN | 5.000 % | 02/15/50 | CAD | 50 | $47,475 |
Mattamy Group Corp., Sr. Unsec’d. Notes, 144A | 4.625 | 03/01/30 | 125 | 100,338 | |
Ontario Teachers’ Cadillac Fairview Properties Trust, Sr. Unsec’d. Notes, 144A | 3.875 | 03/20/27 | 300 | 296,630 | |
Teck Resources Ltd., Sr. Unsec’d. Notes | 5.400 | 02/01/43 | 60 | 55,533 | |
893,016 | |||||
China 2.1% | |||||
Agricultural Development Bank of China, Sr. Unsec’d. Notes | 3.800 | 10/27/30 | CNH | 6,000 | 923,755 |
Aircraft Finance Co. Ltd., Sr. Sec’d. Notes, Series B | 4.100 | 03/29/26 | 84 | 83,999 | |
China Development Bank, | |||||
Sr. Unsec’d. Notes | 4.300 | 08/02/32 | CNH | 5,000 | 803,256 |
Unsec’d. Notes | 4.200 | 01/19/27 | CNH | 1,000 | 156,126 |
1,967,136 | |||||
Denmark 0.5% | |||||
Danske Bank A/S, | |||||
Sr. Unsec’d. Notes, 144A | 1.171(ff) | 12/08/23 | 300 | 296,466 | |
Sub. Notes, EMTN | 2.500(ff) | 06/21/29 | EUR | 150 | 151,130 |
447,596 | |||||
France 2.4% | |||||
Banque Federative du Credit Mutuel SA, Sr. Unsec’d. Notes, 144A | 1.604 | 10/04/26 | 200 | 181,663 | |
BNP Paribas SA, | |||||
Sr. Unsec’d. Notes, 144A | 2.591(ff) | 01/20/28 | 200 | 181,032 | |
Sr. Unsec’d. Notes, 144A | 2.871(ff) | 04/19/32 | 400 | 338,095 | |
BPCE SA, Sr. Unsec’d. Notes, 144A | 2.045(ff) | 10/19/27 | 250 | 223,175 | |
Credit Agricole Assurances SA, Sub. Notes | 4.250(ff) | 01/13/25(oo) | EUR | 100 | 104,250 |
Iliad Holding SASU, Sr. Sec’d. Notes, 144A | 5.125 | 10/15/26 | EUR | 100 | 98,628 |
La Poste SA, Sr. Unsec’d. Notes, EMTN | 1.375 | 04/21/32 | EUR | 100 | 96,790 |
7
PGIM Global Total Return (USD Hedged) 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.) | |||||
Regie Autonome des Transports Parisiens, Sr. Unsec’d. Notes, EMTN | 0.400 % | 12/19/36 | EUR | 91 | $88,802 |
SNCF Reseau, Sr. Unsec’d. Notes, Series MPLE | 4.700 | 06/01/35 | CAD | 100 | 83,103 |
Societe Generale SA, | |||||
Sr. Unsec’d. Notes, 144A | 1.488(ff) | 12/14/26 | 200 | 177,533 | |
Sr. Unsec’d. Notes, 144A | 2.797(ff) | 01/19/28 | 200 | 181,122 | |
Sr. Unsec’d. Notes, 144A, MTN | 2.625 | 01/22/25 | 255 | 243,619 | |
Verallia SA, Gtd. Notes | 1.625 | 05/14/28 | EUR | 200 | 182,700 |
2,180,512 | |||||
Germany 1.3% | |||||
Allianz SE, Jr. Sub. Notes | 3.375(ff) | 09/18/24(oo) | EUR | 100 | 103,126 |
Deutsche Bahn Finance GMBH, Gtd. Notes, MTN | 3.800 | 09/27/27 | AUD | 100 | 68,278 |
Deutsche Bank AG, | |||||
Sr. Unsec’d. Notes | 0.898 | 05/28/24 | 265 | 250,639 | |
Sr. Unsec’d. Notes | 1.447(ff) | 04/01/25 | 210 | 196,855 | |
Sr. Unsec’d. Notes | 2.552(ff) | 01/07/28 | 150 | 131,420 | |
Sub. Notes, EMTN | 3.662(ff) | 04/10/25 | CNH | 1,000 | 145,377 |
TK Elevator Midco GmbH, Sr. Sec’d. Notes | 4.375 | 07/15/27 | EUR | 153 | 143,139 |
Volkswagen International Finance NV, | |||||
Gtd. Notes | 2.700(ff) | 12/14/22(oo) | EUR | 100 | 101,167 |
Gtd. Notes | 4.625(ff) | 03/24/26(oo) | EUR | 100 | 101,363 |
1,241,364 | |||||
Hong Kong 0.4% | |||||
HKT Capital No. 3 Ltd., Gtd. Notes | 1.650 | 04/10/27 | EUR | 200 | 186,158 |
Sun Hung Kai Properties Capital Market Ltd., Gtd. Notes, EMTN | 3.200 | 08/14/27 | CNH | 1,000 | 142,404 |
328,562 | |||||
Hungary 0.1% | |||||
MFB Magyar Fejlesztesi Bank Zrt, Gov’t. Gtd. Notes | 0.375 | 06/09/26 | EUR | 100 | 88,874 |
8
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
India 0.3% | |||||
NTPC Ltd., Sr. Unsec’d. Notes, EMTN | 2.750 % | 02/01/27 | EUR | 200 | $189,181 |
Power Finance Corp. Ltd., Sr. Unsec’d. Notes, GMTN | 1.841 | 09/21/28 | EUR | 100 | 84,690 |
273,871 | |||||
Indonesia 0.1% | |||||
Perusahaan Listrik Negara PT, Sr. Unsec’d. Notes, 144A | 1.875 | 11/05/31 | EUR | 100 | 78,462 |
Israel 0.1% | |||||
Energean Israel Finance Ltd., Sr. Sec’d. Notes, 144A | 4.500 | 03/30/24 | 100 | 95,250 | |
Italy 0.8% | |||||
Assicurazioni Generali SpA, Sub. Notes, EMTN | 5.500(ff) | 10/27/47 | EUR | 100 | 107,254 |
Intesa Sanpaolo SpA, Sr. Unsec’d. Notes, 144A | 3.375 | 01/12/23 | 200 | 199,112 | |
Nexi SpA, Sr. Unsec’d. Notes | 2.125 | 04/30/29 | EUR | 414 | 343,748 |
Rossini Sarl, Sr. Sec’d. Notes, 144A | 6.750 | 10/30/25 | EUR | 100 | 102,665 |
752,779 | |||||
Jamaica 0.1% | |||||
Digicel International Finance Ltd./Digicel International Holdings Ltd., Gtd. Notes, 144A | 8.000 | 12/31/26 | 100 | 69,000 | |
Japan 0.4% | |||||
Mitsubishi UFJ Financial Group, Inc., Sr. Unsec’d. Notes | 1.538(ff) | 07/20/27 | 210 | 187,888 | |
Nomura Holdings, Inc., Sr. Unsec’d. Notes | 2.999 | 01/22/32 | 200 | 168,471 | |
356,359 |
9
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Kazakhstan 0.2% | |||||
Kazakhstan Temir Zholy National Co. JSC, Gtd. Notes | 3.250 % | 12/05/23 | CHF | 150 | $145,670 |
Luxembourg 0.2% | |||||
ARD Finance SA, Sr. Sec’d. Notes, 144A, Cash coupon 5.000% or PIK 5.750% | 5.000 | 06/30/27 | EUR | 100 | 76,123 |
Matterhorn Telecom SA, Sr. Sec’d. Notes | 3.125 | 09/15/26 | EUR | 100 | 93,600 |
169,723 | |||||
Malta 0.1% | |||||
Freeport Terminal Malta PLC, Gov’t. Gtd. Notes, 144A | 7.250 | 05/15/28 | 100 | 118,874 | |
Mexico 0.8% | |||||
Comision Federal de Electricidad, Sr. Unsec’d. Notes | 5.000 | 09/29/36 | 158 | 135,880 | |
Petroleos Mexicanos, | |||||
Gtd. Notes | 3.625 | 11/24/25 | EUR | 200 | 182,858 |
Gtd. Notes, EMTN | 3.750 | 04/16/26 | EUR | 200 | 176,815 |
Gtd. Notes, EMTN | 4.875 | 02/21/28 | EUR | 300 | 254,122 |
749,675 | |||||
Netherlands 0.8% | |||||
Cooperatieve Rabobank UA, Sr. Unsec’d. Notes, GMTN | 3.500 | 12/14/26 | AUD | 90 | 59,026 |
ING Groep NV, Sr. Unsec’d. Notes | 4.017(ff) | 03/28/28 | 200 | 193,029 | |
JDE Peet’s NV, Gtd. Notes, 144A | 1.375 | 01/15/27 | 150 | 131,313 | |
OCI NV, Sr. Sec’d. Notes | 3.625 | 10/15/25 | EUR | 225 | 227,470 |
United Group BV, Sr. Sec’d. Notes, 144A | 5.250 | 02/01/30 | EUR | 150 | 119,686 |
730,524 | |||||
Peru 0.1% | |||||
Peru Enhanced Pass-Through Finance Ltd., Pass-Through Certificates | 1.962(s) | 06/02/25 | 75 | 69,919 |
10
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Philippines 0.0% | |||||
Bangko Sentral ng Pilipinas International Bond, Sr. Unsec’d. Notes, Series A | 8.600 % | 06/15/27 | 40 | $47,200 | |
Portugal 0.1% | |||||
CP - Comboios de Portugal EPE, Sr. Unsec’d. Notes | 5.700 | 03/05/30 | EUR | 100 | 126,215 |
Russia 0.6% | |||||
Gazprom PJSC Via Gaz Capital SA, | |||||
Sr. Unsec’d. Notes | 1.450 | 03/06/23 | CHF | 600 | 390,818 |
Sr. Unsec’d. Notes | 2.500 | 03/21/26 | EUR | 100 | 40,882 |
Sr. Unsec’d. Notes | 4.250 | 04/06/24 | GBP | 300 | 146,136 |
Russian Railways Via RZD Capital PLC, | |||||
Sr. Unsec’d. Notes | 0.898 | 10/03/25(d) | CHF | 50 | 2,626 |
Sr. Unsec’d. Notes | 7.487 | 03/25/31(d) | GBP | 100 | 13,396 |
593,858 | |||||
Singapore 0.1% | |||||
Singapore Telecommunications Ltd., Sr. Unsec’d. Notes, 144A | 7.375 | 12/01/31 | 67 | 85,940 | |
South Africa 0.2% | |||||
Eskom Holdings SOC Ltd., Gov’t. Gtd. Notes, MTN | 6.350 | 08/10/28 | 200 | 190,188 | |
Spain 0.7% | |||||
Banco Santander SA, Sr. Unsec’d. Notes | 1.722(ff) | 09/14/27 | 200 | 176,321 | |
Cellnex Finance Co. SA, Gtd. Notes, EMTN | 2.000 | 02/15/33 | EUR | 300 | 235,849 |
Cellnex Telecom SA, Sr. Unsec’d. Notes, EMTN | 1.750 | 10/23/30 | EUR | 100 | 82,950 |
Iberdrola International BV, Gtd. Notes, Series NC6 | 1.450(ff) | 11/09/26(oo) | EUR | 200 | 178,540 |
673,660 | |||||
Supranational Bank 0.2% | |||||
European Bank for Reconstruction & Development, Sr. Unsec’d. Notes, EMTN | 4.250 | 02/07/28 | IDR | 300,000 | 18,178 |
11
PGIM Global Total Return (USD Hedged) 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, Sr. Unsec’d. Notes, 144A, EMTN | 5.400 % | 01/05/45 | CAD | 50 | $48,290 |
International Bank for Reconstruction & Development, Sr. Unsec’d. Notes, EMTN, 3 Month LIBOR + 0.000% (Cap 1.820%, Floor 0.000%) | 0.127(c) | 08/11/26 | 100 | 91,925 | |
158,393 | |||||
Sweden 0.3% | |||||
Svenska Handelsbanken AB, Sr. Unsec’d. Notes, 144A | 1.418(ff) | 06/11/27 | 275 | 248,436 | |
Switzerland 0.9% | |||||
Credit Suisse Group AG, Sr. Unsec’d. Notes, 144A | 2.593(ff) | 09/11/25 | 250 | 234,477 | |
UBS Group AG, | |||||
Sr. Unsec’d. Notes, 144A | 1.364(ff) | 01/30/27 | 200 | 179,542 | |
Sr. Unsec’d. Notes, 144A | 1.494(ff) | 08/10/27 | 200 | 177,146 | |
Sr. Unsec’d. Notes, 144A | 4.751(ff) | 05/12/28 | 200 | 200,478 | |
791,643 | |||||
United Arab Emirates 0.8% | |||||
DP World PLC, | |||||
Sr. Unsec’d. Notes | 2.375 | 09/25/26 | EUR | 200 | 197,166 |
Sr. Unsec’d. Notes | 4.250 | 09/25/30 | GBP | 100 | 120,562 |
Emirates NBD Bank PJSC, Sr. Unsec’d. Notes, MTN | 4.750 | 02/09/28 | AUD | 380 | 270,783 |
MDGH GMTN RSC Ltd., Gtd. Notes, EMTN | 6.875 | 03/14/26 | GBP | 100 | 133,958 |
722,469 | |||||
United Kingdom 3.2% | |||||
Barclays Bank PLC, Sr. Unsec’d. Notes, EMTN | 0.500 | 01/28/33 | MXN | 10,000 | 142,811 |
Barclays PLC, Sr. Unsec’d. Notes | 3.932(ff) | 05/07/25 | 200 | 196,935 | |
BAT Capital Corp., Gtd. Notes | 2.259 | 03/25/28 | 80 | 68,666 | |
Bellis Acquisition Co. PLC, Sr. Sec’d. Notes, 144A | 3.250 | 02/16/26 | GBP | 200 | 197,609 |
12
PGIM Global Total Return (USD Hedged) 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.) | |||||
Bellis Finco PLC, Sr. Unsec’d. Notes, 144A | 4.000 % | 02/16/27 | GBP | 100 | $83,523 |
BP Capital Markets PLC, Gtd. Notes | 4.375(ff) | 06/22/25(oo) | 150 | 148,007 | |
Co-operative Group Holdings 2011 Ltd., Gtd. Notes | 7.500 | 07/08/26 | GBP | 100 | 107,984 |
DS Smith PLC, Sr. Unsec’d. Notes, EMTN | 0.875 | 09/12/26 | EUR | 100 | 94,382 |
eG Global Finance PLC, | |||||
Sr. Sec’d. Notes | 6.250 | 10/30/25 | EUR | 200 | 189,174 |
Sr. Sec’d. Notes, 144A | 6.250 | 10/30/25 | EUR | 100 | 94,668 |
HSBC Holdings PLC, | |||||
Sr. Unsec’d. Notes | 1.589(ff) | 05/24/27 | 200 | 178,238 | |
Sr. Unsec’d. Notes | 2.804(ff) | 05/24/32 | 200 | 167,282 | |
Kane Bidco Ltd., Sr. Sec’d. Notes, 144A | 6.500 | 02/15/27 | GBP | 150 | 161,168 |
Market Bidco Finco PLC, Sr. Sec’d. Notes, 144A | 5.500 | 11/04/27 | GBP | 100 | 101,686 |
Santander UK Group Holdings PLC, Sr. Unsec’d. Notes | 1.673(ff) | 06/14/27 | 350 | 308,965 | |
Sherwood Financing PLC, Sr. Sec’d. Notes, 144A | 6.000 | 11/15/26 | GBP | 175 | 170,617 |
TalkTalk Telecom Group Ltd., Gtd. Notes | 3.875 | 02/20/25 | GBP | 200 | 214,483 |
Virgin Media Secured Finance PLC, Sr. Sec’d. Notes | 4.250 | 01/15/30 | GBP | 300 | 315,256 |
2,941,454 | |||||
United States 14.9% | |||||
AbbVie, Inc., Sr. Unsec’d. Notes | 4.050 | 11/21/39 | 50 | 47,061 | |
Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s LP/Albertson’s LLC, Gtd. Notes, 144A | 3.500 | 03/15/29 | 50 | 43,418 | |
Allied Universal Holdco LLC/Allied Universal Finance Corp., Sr. Sec’d. Notes, 144A | 6.625 | 07/15/26 | 175 | 169,732 | |
American Axle & Manufacturing, Inc., Gtd. Notes | 6.500 | 04/01/27 | 50 | 47,994 | |
American International Group, Inc., Sr. Unsec’d. Notes | 1.875 | 06/21/27 | EUR | 100 | 99,714 |
13
PGIM Global Total Return (USD Hedged) 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.) | |||||
American Medical Systems Europe BV, Gtd. Notes | 1.625 % | 03/08/31 | EUR | 100 | $96,644 |
AmeriGas Partners LP/AmeriGas Finance Corp., Sr. Unsec’d. Notes | 5.875 | 08/20/26 | 75 | 75,953 | |
Antero Midstream Partners LP/Antero Midstream Finance Corp., Gtd. Notes, 144A | 7.875 | 05/15/26 | 150 | 156,913 | |
Antero Resources Corp., Gtd. Notes, 144A | 8.375 | 07/15/26 | 15 | 16,151 | |
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc., Sr. Sec’d. Notes | 2.125 | 08/15/26 | EUR | 250 | 216,249 |
Ascent Resources Utica Holdings LLC/ARU Finance Corp., | |||||
Gtd. Notes, 144A | 7.000 | 11/01/26 | 25 | 24,195 | |
Gtd. Notes, 144A | 9.000 | 11/01/27 | 25 | 30,347 | |
Ashton Woods USA LLC/Ashton Woods Finance Co., | |||||
Sr. Unsec’d. Notes, 144A | 4.625 | 08/01/29 | 25 | 19,395 | |
Sr. Unsec’d. Notes, 144A | 4.625 | 04/01/30 | 25 | 18,975 | |
AT&T, Inc., | |||||
Sr. Unsec’d. Notes | 3.550 | 09/15/55 | 40 | 31,111 | |
Sr. Unsec’d. Notes | 3.650 | 09/15/59 | 69 | 53,846 | |
Sr. Unsec’d. Notes | 4.100 | 01/19/26 | AUD | 100 | 69,521 |
Avantor Funding, Inc., Sr. Sec’d. Notes | 2.625 | 11/01/25 | EUR | 250 | 249,858 |
B&G Foods, Inc., Gtd. Notes | 5.250 | 04/01/25 | 50 | 48,170 | |
Bank of America Corp., | |||||
Jr. Sub. Notes, Series MM | 4.300(ff) | 01/28/25(oo) | 190 | 165,620 | |
Jr. Sub. Notes, Series RR | 4.375(ff) | 01/27/27(oo) | 150 | 135,453 | |
Sr. Unsec’d. Notes | 1.734(ff) | 07/22/27 | 270 | 244,936 | |
Sr. Unsec’d. Notes | 2.572(ff) | 10/20/32 | 130 | 111,342 | |
Sr. Unsec’d. Notes | 2.687(ff) | 04/22/32 | 195 | 169,564 | |
Sr. Unsec’d. Notes, MTN | 2.087(ff) | 06/14/29 | 300 | 264,976 | |
Sr. Unsec’d. Notes, MTN | 3.194(ff) | 07/23/30 | 85 | 78,345 | |
Bausch Health Americas, Inc., Gtd. Notes, 144A | 8.500 | 01/31/27 | 135 | 85,259 | |
Bausch Health Cos., Inc., | |||||
Gtd. Notes, 144A | 5.000 | 01/30/28 | 5 | 2,663 | |
Gtd. Notes, 144A | 5.250 | 01/30/30 | 25 | 12,875 | |
Gtd. Notes, 144A | 6.250 | 02/15/29 | 10 | 5,337 |
14
PGIM Global Total Return (USD Hedged) 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.) | |||||
Beazer Homes USA, Inc., | |||||
Gtd. Notes | 6.750 % | 03/15/25 | 50 | $48,116 | |
Gtd. Notes | 7.250 | 10/15/29 | 20 | 18,190 | |
Black Knight InfoServ LLC, Gtd. Notes, 144A | 3.625 | 09/01/28 | 100 | 92,587 | |
Bristol-Myers Squibb Co., Sr. Unsec’d. Notes | 2.350 | 11/13/40 | 10 | 7,827 | |
Brixmor Operating Partnership LP, | |||||
Sr. Unsec’d. Notes | 2.500 | 08/16/31 | 10 | 8,058 | |
Sr. Unsec’d. Notes | 4.125 | 05/15/29 | 65 | 61,430 | |
Broadcom, Inc., | |||||
Gtd. Notes, 144A | 3.500 | 02/15/41 | 30 | 23,903 | |
Sr. Unsec’d. Notes, 144A | 3.137 | 11/15/35 | 102 | 82,140 | |
Sr. Unsec’d. Notes, 144A | 3.419 | 04/15/33 | 65 | 56,184 | |
Sr. Unsec’d. Notes, 144A | 4.150 | 04/15/32 | 200 | 188,517 | |
Caledonia Generating LLC, Sr. Sec’d. Notes, 144A | 1.950 | 02/28/34 | 92 | 83,332 | |
Calpine Corp., | |||||
Sr. Sec’d. Notes, 144A | 3.750 | 03/01/31 | 75 | 66,665 | |
Sr. Unsec’d. Notes, 144A | 4.625 | 02/01/29 | 60 | 53,918 | |
Sr. Unsec’d. Notes, 144A | 5.000 | 02/01/31 | 10 | 8,861 | |
Sr. Unsec’d. Notes, 144A | 5.125 | 03/15/28 | 50 | 47,006 | |
Cantor Fitzgerald LP, Sr. Unsec’d. Notes, 144A | 4.500 | 04/14/27 | 235 | 228,151 | |
CCO Holdings LLC/CCO Holdings Capital Corp., | |||||
Sr. Unsec’d. Notes, 144A | 4.250 | 02/01/31 | 50 | 43,362 | |
Sr. Unsec’d. Notes, 144A | 5.000 | 02/01/28 | 75 | 72,375 | |
CDW LLC/CDW Finance Corp., Gtd. Notes | 2.670 | 12/01/26 | 100 | 91,424 | |
CF Industries, Inc., | |||||
Gtd. Notes | 4.950 | 06/01/43 | 40 | 36,546 | |
Gtd. Notes | 5.375 | 03/15/44 | 40 | 38,566 | |
Charter Communications Operating LLC/Charter Communications Operating Capital, | |||||
Sr. Sec’d. Notes | 2.300 | 02/01/32 | 40 | 31,918 | |
Sr. Sec’d. Notes | 3.900 | 06/01/52 | 135 | 97,791 | |
Sr. Sec’d. Notes | 4.800 | 03/01/50 | 35 | 28,865 | |
Sr. Sec’d. Notes | 6.384 | 10/23/35 | 100 | 105,021 | |
Cigna Corp., Sr. Unsec’d. Notes | 2.400 | 03/15/30 | 25 | 22,387 | |
Citigroup, Inc., | |||||
Jr. Sub. Notes | 3.875(ff) | 02/18/26(oo) | 150 | 137,434 |
15
PGIM Global Total Return (USD Hedged) 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 | 1.462 %(ff) | 06/09/27 | 300 | $270,149 | |
Sr. Unsec’d. Notes | 2.520(ff) | 11/03/32 | 35 | 29,749 | |
Sr. Unsec’d. Notes | 2.561(ff) | 05/01/32 | 100 | 85,900 | |
Sr. Unsec’d. Notes | 3.106(ff) | 04/08/26 | 300 | 291,868 | |
CNA Financial Corp., Sr. Unsec’d. Notes | 3.900 | 05/01/29 | 100 | 96,312 | |
Corebridge Financial, Inc., Sr. Unsec’d. Notes, 144A | 3.900 | 04/05/32 | 230 | 214,029 | |
CSC Holdings LLC, Sr. Unsec’d. Notes, 144A | 4.625 | 12/01/30 | 200 | 152,059 | |
Dana, Inc., | |||||
Sr. Unsec’d. Notes | 4.500 | 02/15/32 | 50 | 41,744 | |
Sr. Unsec’d. Notes | 5.375 | 11/15/27 | 25 | 23,502 | |
DaVita, Inc., | |||||
Gtd. Notes, 144A | 3.750 | 02/15/31 | 50 | 38,251 | |
Gtd. Notes, 144A | 4.625 | 06/01/30 | 100 | 82,253 | |
Diamond Sports Group LLC/Diamond Sports Finance Co., Gtd. Notes, 144A | 6.625 | 08/15/27 | 45 | 4,209 | |
Discovery Communications LLC, Gtd. Notes | 5.300 | 05/15/49 | 60 | 53,583 | |
DISH DBS Corp., Gtd. Notes | 7.750 | 07/01/26 | 100 | 82,583 | |
Diversified Healthcare Trust, Gtd. Notes | 9.750 | 06/15/25 | 37 | 36,899 | |
Elevance Health, Inc., Sr. Unsec’d. Notes | 2.875 | 09/15/29 | 100 | 93,127 | |
Endeavor Energy Resources LP/EER Finance, Inc., Sr. Unsec’d. Notes, 144A | 5.750 | 01/30/28 | 75 | 75,736 | |
Energy Transfer LP, | |||||
Jr. Sub. Notes, Series G | 7.125(ff) | 05/15/30(oo) | 100 | 90,638 | |
Jr. Sub. Notes, Series H | 6.500(ff) | 11/15/26(oo) | 50 | 45,376 | |
Sr. Unsec’d. Notes | 5.000 | 05/15/50 | 45 | 39,761 | |
Enterprise Products Operating LLC, | |||||
Gtd. Notes | 3.700 | 01/31/51 | 15 | 12,513 | |
Gtd. Notes | 4.450 | 02/15/43 | 20 | 18,525 | |
Fidelity National Information Services, Inc., Sr. Unsec’d. Notes | 1.500 | 05/21/27 | EUR | 100 | 98,944 |
Ford Motor Co., Sr. Unsec’d. Notes | 5.291 | 12/08/46 | 125 | 107,514 |
16
PGIM Global Total Return (USD Hedged) 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.) | |||||
General Motors Co., Sr. Unsec’d. Notes | 5.150 % | 04/01/38 | 50 | $45,207 | |
General Motors Financial Co., Inc., Sr. Unsec’d. Notes | 2.700 | 06/10/31 | 75 | 61,408 | |
Goldman Sachs Group, Inc. (The), | |||||
Jr. Sub. Notes, Series U | 3.650(ff) | 08/10/26(oo) | 130 | 109,935 | |
Sr. Unsec’d. Notes | 1.542(ff) | 09/10/27 | 300 | 268,964 | |
Sr. Unsec’d. Notes | 1.992(ff) | 01/27/32 | 20 | 16,478 | |
Sr. Unsec’d. Notes | 2.615(ff) | 04/22/32 | 195 | 168,257 | |
HCA, Inc., Gtd. Notes | 5.250 | 04/15/25 | 100 | 101,963 | |
Hilcorp Energy I LP/Hilcorp Finance Co., | |||||
Sr. Unsec’d. Notes, 144A | 6.000 | 04/15/30 | 25 | 22,916 | |
Sr. Unsec’d. Notes, 144A | 6.250 | 04/15/32 | 25 | 22,682 | |
Hunt Cos., Inc., Sr. Sec’d. Notes, 144A | 5.250 | 04/15/29 | 50 | 43,151 | |
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc., Gtd. Notes, 144A | 6.500 | 04/15/29 | 4 | 4,056 | |
Jefferies Group LLC/Jefferies Group Capital Finance, Inc., Sr. Unsec’d. Notes | 2.625 | 10/15/31 | 150 | 120,992 | |
JPMorgan Chase & Co., | |||||
Jr. Sub. Notes, Series HH | 4.600(ff) | 02/01/25(oo) | 200 | 178,768 | |
Sr. Unsec’d. Notes | 2.069(ff) | 06/01/29 | 250 | 220,706 | |
Sr. Unsec’d. Notes | 2.083(ff) | 04/22/26 | 90 | 85,313 | |
Sr. Unsec’d. Notes | 2.545(ff) | 11/08/32 | 110 | 94,505 | |
Sr. Unsec’d. Notes | 2.580(ff) | 04/22/32 | 125 | 108,496 | |
Sr. Unsec’d. Notes | 3.702(ff) | 05/06/30 | 65 | 62,151 | |
Kontoor Brands, Inc., Gtd. Notes, 144A | 4.125 | 11/15/29 | 53 | 44,941 | |
Kraft Heinz Foods Co., Gtd. Notes | 3.000 | 06/01/26 | 93 | 90,030 | |
Lamb Weston Holdings, Inc., Gtd. Notes, 144A | 4.375 | 01/31/32 | 50 | 47,248 | |
Magallanes, Inc., | |||||
Gtd. Notes, 144A | 3.755 | 03/15/27 | 100 | 96,127 | |
Gtd. Notes, 144A | 5.050 | 03/15/42 | 65 | 57,716 | |
Gtd. Notes, 144A | 5.141 | 03/15/52 | 115 | 100,481 | |
Gtd. Notes, 144A | 5.391 | 03/15/62 | 15 | 13,155 | |
Marathon Petroleum Corp., Sr. Unsec’d. Notes | 6.500 | 03/01/41 | 50 | 55,726 |
17
PGIM Global Total Return (USD Hedged) 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.) | |||||
Marriott International, Inc., Sr. Unsec’d. Notes, Series HH | 2.850 % | 04/15/31 | 75 | $64,293 | |
Masonite International Corp., Gtd. Notes, 144A | 3.500 | 02/15/30 | 50 | 42,938 | |
Medline Borrower LP, | |||||
Sr. Sec’d. Notes, 144A | 3.875 | 04/01/29 | 50 | 45,142 | |
Sr. Unsec’d. Notes, 144A | 5.250 | 10/01/29 | 25 | 22,587 | |
Morgan Stanley, | |||||
Sr. Unsec’d. Notes | 0.406(ff) | 10/29/27 | EUR | 200 | 188,896 |
Sr. Unsec’d. Notes | 1.593(ff) | 05/04/27 | 110 | 100,334 | |
Sr. Unsec’d. Notes, EMTN | 7.500 | 12/15/27 | MXN | 1,000 | 43,325 |
Sr. Unsec’d. Notes, GMTN | 2.239(ff) | 07/21/32 | 50 | 42,161 | |
Sr. Unsec’d. Notes, MTN | 1.928(ff) | 04/28/32 | 180 | 148,409 | |
Sr. Unsec’d. Notes, MTN | 2.511(ff) | 10/20/32 | 55 | 47,220 | |
MPLX LP, Sr. Unsec’d. Notes | 4.000 | 03/15/28 | 25 | 24,472 | |
MPT Operating Partnership LP/MPT Finance Corp., Gtd. Notes | 3.375 | 04/24/30 | GBP | 250 | 247,950 |
Nationstar Mortgage Holdings, Inc., | |||||
Gtd. Notes, 144A | 5.500 | 08/15/28 | 15 | 13,165 | |
Gtd. Notes, 144A | 6.000 | 01/15/27 | 35 | 32,441 | |
Newell Brands, Inc., Sr. Unsec’d. Notes | 4.450 | 04/01/26 | 100 | 98,782 | |
NortonLifeLock, Inc., Sr. Unsec’d. Notes, 144A | 5.000 | 04/15/25 | 75 | 74,717 | |
NRG Energy, Inc., Gtd. Notes | 5.750 | 01/15/28 | 53 | 51,047 | |
OneMain Finance Corp., Gtd. Notes | 4.000 | 09/15/30 | 25 | 19,797 | |
ONEOK, Inc., Gtd. Notes | 4.450 | 09/01/49 | 120 | 98,366 | |
Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC, Sr. Sec’d. Notes, 144A | 4.000 | 10/15/27 | 50 | 44,141 | |
Penn National Gaming, Inc., Sr. Unsec’d. Notes, 144A | 5.625 | 01/15/27 | 75 | 69,608 | |
Phillips 66, Gtd. Notes | 3.700 | 04/06/23 | 15 | 15,034 | |
Post Holdings, Inc., Sr. Unsec’d. Notes, 144A | 4.500 | 09/15/31 | 50 | 44,712 | |
Realty Income Corp., | |||||
Sr. Unsec’d. Notes | 2.200 | 06/15/28 | 5 | 4,529 |
18
PGIM Global Total Return (USD Hedged) 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.) | |||||
Realty Income Corp., (cont’d.) | |||||
Sr. Unsec’d. Notes | 2.850 % | 12/15/32 | 5 | $4,506 | |
Silgan Holdings, Inc., Gtd. Notes | 2.250 | 06/01/28 | EUR | 200 | 174,427 |
Skyworks Solutions, Inc., Sr. Unsec’d. Notes | 3.000 | 06/01/31 | 75 | 63,249 | |
Southwest Airlines Co., Sr. Unsec’d. Notes | 5.125 | 06/15/27 | 180 | 186,420 | |
SRM Escrow Issuer LLC, Sr. Sec’d. Notes, 144A | 6.000 | 11/01/28 | 60 | 55,776 | |
Standard Industries, Inc., Sr. Unsec’d. Notes, 144A | 4.375 | 07/15/30 | 25 | 21,781 | |
Stryker Corp., Sr. Unsec’d. Notes | 2.625 | 11/30/30 | EUR | 100 | 103,302 |
Suburban Propane Partners LP/Suburban Energy Finance Corp., Sr. Unsec’d. Notes | 5.875 | 03/01/27 | 50 | 49,138 | |
Swiss Re Finance UK PLC, Gtd. Notes, EMTN | 2.714(ff) | 06/04/52 | EUR | 100 | 89,745 |
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., | |||||
Gtd. Notes, 144A | 5.500 | 01/15/28 | 50 | 45,382 | |
Gtd. Notes, 144A | 7.500 | 10/01/25 | 50 | 50,222 | |
Targa Resources Corp., Gtd. Notes | 4.200 | 02/01/33 | 40 | 37,579 | |
Taylor Morrison Communities, Inc., | |||||
Gtd. Notes, 144A | 5.875 | 06/15/27 | 25 | 25,530 | |
Sr. Unsec’d. Notes, 144A | 5.125 | 08/01/30 | 10 | 9,148 | |
Tenet Healthcare Corp., Gtd. Notes, 144A | 6.125 | 10/01/28 | 50 | 48,722 | |
T-Mobile USA, Inc., | |||||
Sr. Sec’d. Notes | 4.375 | 04/15/40 | 30 | 27,938 | |
Sr. Sec’d. Notes | 4.500 | 04/15/50 | 40 | 36,794 | |
Tri Pointe Homes, Inc., Gtd. Notes | 5.700 | 06/15/28 | 75 | 71,986 | |
U.S. Bancorp, Jr. Sub. Notes | 3.700(ff) | 01/15/27(oo) | 200 | 167,357 | |
UGI International LLC, Gtd. Notes, 144A | 2.500 | 12/01/29 | EUR | 150 | 112,870 |
United Airlines 2019-2 Class AA Pass-Through Trust, Pass-Through Certificates | 2.700 | 11/01/33 | 23 | 19,333 |
19
PGIM Global Total Return (USD Hedged) 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.) | |||||
United Airlines, Inc., | |||||
Sr. Sec’d. Notes, 144A | 4.375 % | 04/15/26 | 60 | $57,765 | |
Sr. Sec’d. Notes, 144A | 4.625 | 04/15/29 | 10 | 9,217 | |
United Rentals North America, Inc., Gtd. Notes | 5.250 | 01/15/30 | 60 | 60,685 | |
Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC, Sr. Sec’d. Notes, 144A | 7.875 | 02/15/25 | 100 | 100,601 | |
Vector Group Ltd., Sr. Sec’d. Notes, 144A | 5.750 | 02/01/29 | 125 | 113,495 | |
Ventas Realty LP, Gtd. Notes | 2.500 | 09/01/31 | 130 | 110,441 | |
Venture Global Calcasieu Pass LLC, | |||||
Sr. Sec’d. Notes, 144A | 3.875 | 08/15/29 | 5 | 4,630 | |
Sr. Sec’d. Notes, 144A | 4.125 | 08/15/31 | 5 | 4,621 | |
Verizon Communications, Inc., | |||||
Sr. Unsec’d. Notes | 2.550 | 03/21/31 | 45 | 40,010 | |
Sr. Unsec’d. Notes | 2.650 | 11/20/40 | 45 | 34,634 | |
Sr. Unsec’d. Notes | 3.400 | 03/22/41 | 20 | 17,086 | |
Viatris, Inc., | |||||
Gtd. Notes | 3.850 | 06/22/40 | 110 | 80,345 | |
Gtd. Notes | 4.000 | 06/22/50 | 15 | 10,395 | |
VICI Properties LP, Sr. Unsec’d. Notes | 4.950 | 02/15/30 | 160 | 157,537 | |
Vistra Corp., | |||||
Jr. Sub. Notes, 144A | 7.000(ff) | 12/15/26(oo) | 25 | 22,862 | |
Jr. Sub. Notes, 144A | 8.000(ff) | 10/15/26(oo) | 125 | 121,069 | |
Vistra Operations Co. LLC, | |||||
Gtd. Notes, 144A | 5.000 | 07/31/27 | 45 | 44,345 | |
Gtd. Notes, 144A | 5.625 | 02/15/27 | 75 | 75,211 | |
Warner Media LLC, Gtd. Notes | 4.050 | 12/15/23 | 150 | 149,707 | |
Wells Fargo & Co., | |||||
Sr. Unsec’d. Notes, MTN | 2.164(ff) | 02/11/26 | 85 | 81,062 | |
Sr. Unsec’d. Notes, MTN | 2.879(ff) | 10/30/30 | 130 | 118,038 | |
Welltower, Inc., | |||||
Sr. Unsec’d. Notes | 2.050 | 01/15/29 | 50 | 43,485 | |
Sr. Unsec’d. Notes | 3.100 | 01/15/30 | 70 | 63,642 | |
Williams Cos., Inc. (The), Sr. Unsec’d. Notes | 3.500 | 10/15/51 | 30 | 23,535 | |
Workday, Inc., Sr. Unsec’d. Notes | 3.500 | 04/01/27 | 55 | 53,937 |
20
PGIM Global Total Return (USD Hedged) 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.) | |||||
WPC Eurobond BV, Gtd. Notes | 0.950 % | 06/01/30 | EUR | 100 | $83,580 |
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., Sr. Unsec’d. Notes, 144A | 7.750 | 04/15/25 | 50 | 49,961 | |
13,615,954 | |||||
Total Corporate Bonds (cost $36,777,111) | 31,595,237 | ||||
Municipal Bond 0.2% | |||||
Puerto Rico | |||||
Commonwealth of Puerto Rico, General Obligation, Sub-Series C (cost $162,841) | 0.000(cc) | 11/01/43 | 299 | 159,229 | |
Residential Mortgage-Backed Securities 2.5% | |||||
Bermuda 0.6% | |||||
Bellemeade Re Ltd., Series 2021-01A, Class M1A, 144A, 30 Day Average SOFR + 1.750% (Cap N/A, Floor 1.750%) | 3.264(c) | 03/25/31 | 102 | 101,718 | |
Home Re Ltd., Series 2021-01, Class M1B, 144A, 1 Month LIBOR + 1.550% (Cap N/A, Floor 0.000%) | 3.809(c) | 07/25/33 | 150 | 148,272 | |
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 | 300 | 292,230 | |
542,220 | |||||
Ireland 0.1% | |||||
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 | 52 | 52,843 |
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 | 100 | 119,733 |
21
PGIM Global Total Return (USD Hedged) 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 1.7% | |||||
BVRT Financing Trust, Series 2021-04, Class F, 144A, 1 Month SOFR + 2.000%^ | 3.364 %(c) | 09/12/26 | 46 | $46,124 | |
Connecticut Avenue Securities Trust, | |||||
Series 2022-R01, Class 1B1, 144A, 30 Day Average SOFR + 3.150% (Cap N/A, Floor 0.000%) | 4.664(c) | 12/25/41 | 110 | 99,846 | |
Series 2022-R03, Class 1B1, 144A, 30 Day Average SOFR + 6.250% (Cap N/A, Floor 0.000%) | 7.764(c) | 03/25/42 | 25 | 25,261 | |
Series 2022-R04, Class 1B1, 144A, 30 Day Average SOFR + 5.250% (Cap N/A, Floor 0.000%) | 6.764(c) | 03/25/42 | 20 | 19,641 | |
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 | 35 | 33,801 | |
Series 2020-HQA05, Class M2, 144A, 30 Day Average SOFR + 2.600% (Cap N/A, Floor 0.000%) | 4.114(c) | 11/25/50 | 111 | 111,106 | |
FHLMC Structured Agency Credit Risk REMIC Trust, | |||||
Series 2020-HQA03, Class M2, 144A, 1 Month LIBOR + 3.600% (Cap N/A, Floor 0.000%) | 5.859(c) | 07/25/50 | 1 | 1,412 | |
Series 2021-DNA01, Class B1, 144A, 30 Day Average SOFR + 2.650% (Cap N/A, Floor 0.000%) | 4.164(c) | 01/25/51 | 10 | 8,635 | |
Series 2021-DNA01, Class M2, 144A, 30 Day Average SOFR + 1.800% (Cap N/A, Floor 0.000%) | 3.314(c) | 01/25/51 | 74 | 72,622 | |
Series 2021-DNA03, Class B1, 144A, 30 Day Average SOFR + 3.500% (Cap N/A, Floor 0.000%) | 5.014(c) | 10/25/33 | 45 | 40,593 | |
Series 2021-DNA05, Class B1, 144A, 30 Day Average SOFR + 3.050% (Cap N/A, Floor 0.000%) | 4.564(c) | 01/25/34 | 30 | 26,815 | |
Series 2021-DNA05, Class M2, 144A, 30 Day Average SOFR + 1.650% (Cap N/A, Floor 0.000%) | 3.164(c) | 01/25/34 | 18 | 17,973 | |
Series 2021-DNA06, Class B1, 144A, 30 Day Average SOFR + 3.400% (Cap N/A, Floor 0.000%) | 4.914(c) | 10/25/41 | 100 | 91,648 | |
Series 2021-HQA03, Class B1, 144A, 30 Day Average SOFR + 3.350% (Cap N/A, Floor 0.000%) | 4.864(c) | 09/25/41 | 30 | 26,664 | |
Series 2021-HQA03, Class M2, 144A, 30 Day Average SOFR + 2.100% (Cap N/A, Floor 0.000%) | 3.614(c) | 09/25/41 | 70 | 62,614 | |
Series 2022-DNA03, Class M1B, 144A, 30 Day Average SOFR + 2.900% (Cap N/A, Floor 0.000%) | 4.414(c) | 04/25/42 | 140 | 135,857 | |
GCAT Asset-Backed Notes, Series 2021-01, Class A1, 144A | 2.487 | 11/25/49 | 166 | 158,245 | |
GS Mortgage-Backed Securities Trust, Series 2019-SL01, Class A1, 144A | 2.625(cc) | 01/25/59 | 8 | 7,924 | |
Legacy Mortgage Asset Trust, | |||||
Series 2019-PR01, Class A1, 144A | 3.858 | 09/25/59 | 66 | 65,268 |
22
PGIM Global Total Return (USD Hedged) 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.) | |||||
Legacy Mortgage Asset Trust, (cont’d.) | |||||
Series 2020-GS01, Class A1, 144A | 2.882 % | 10/25/59 | 71 | $70,864 | |
MFA Trust, Series 2021-RPL01, Class A1, 144A | 1.131(cc) | 07/25/60 | 180 | 164,721 | |
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 | 101 | 100,038 | |
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 | 100 | 98,733 | |
Series 2018-GT02, Class A, 144A, 1 Month LIBOR + 2.650% (Cap N/A, Floor 0.000%) | 4.909(c) | 08/25/25 | 100 | 98,771 | |
1,585,176 | |||||
Total Residential Mortgage-Backed Securities (cost $2,411,652) | 2,299,972 | ||||
Sovereign Bonds 21.9% | |||||
Andorra 0.2% | |||||
Andorra International Bond, Sr. Unsec’d. Notes, EMTN | 1.250 | 05/06/31 | EUR | 200 | 183,218 |
Austria 0.2% | |||||
Republic of Austria Government International Bond, Sr. Unsec’d. Notes, 144A, MTN | 5.375 | 12/01/34 | CAD | 180 | 166,097 |
Brazil 0.6% | |||||
Brazil Loan Trust 1, Gov’t. Gtd. Notes | 5.477 | 07/24/23 | 33 | 32,279 | |
Brazil Minas SPE via State of Minas Gerais, Gov’t. Gtd. Notes | 5.333 | 02/15/28 | 510 | 502,127 | |
534,406 | |||||
Bulgaria 0.2% | |||||
Bulgaria Government International Bond, | |||||
Sr. Unsec’d. Notes | 1.375 | 09/23/50 | EUR | 100 | 65,303 |
Sr. Unsec’d. Notes, GMTN | 3.125 | 03/26/35 | EUR | 100 | 96,539 |
161,842 |
23
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Canada 0.5% | |||||
City of Montreal Canada, Unsec’d. Notes | 3.000 % | 09/01/27 | CAD | 200 | $154,629 |
Municipal Finance Authority of British Columbia, Unsec’d. Notes | 2.500 | 04/19/26 | CAD | 200 | 152,855 |
Province of Nova Scotia, Unsec’d. Notes | 3.450 | 06/01/45 | CAD | 50 | 36,617 |
Province of Saskatchewan, Unsec’d. Notes | 3.300 | 06/02/48 | CAD | 100 | 71,658 |
415,759 | |||||
Chile 0.1% | |||||
Chile Government International Bond, Sr. Unsec’d. Notes | 1.440 | 02/01/29 | EUR | 115 | 106,025 |
China 1.0% | |||||
China Government Bond, | |||||
Sr. Unsec’d. Notes | 3.600 | 06/27/28 | CNH | 2,000 | 306,591 |
Sr. Unsec’d. Notes | 3.950 | 06/29/43 | CNH | 1,500 | 235,211 |
Sr. Unsec’d. Notes | 4.000 | 11/30/35 | CNH | 500 | 81,461 |
Sr. Unsec’d. Notes | 4.400 | 12/12/46 | CNH | 500 | 83,876 |
China Government International Bond, Sr. Unsec’d. Notes | 0.250 | 11/25/30 | EUR | 100 | 83,389 |
Export-Import Bank of China (The), Sr. Unsec’d. Notes | 4.400 | 05/14/24 | CNH | 1,000 | 152,462 |
942,990 | |||||
Colombia 0.8% | |||||
Colombia Government International Bond, | |||||
Sr. Unsec’d. Notes | 3.000 | 01/30/30 | 200 | 161,225 | |
Sr. Unsec’d. Notes | 9.850 | 06/28/27 | COP | 200,000 | 43,233 |
Sr. Unsec’d. Notes, EMTN | 3.875 | 03/22/26 | EUR | 500 | 490,839 |
695,297 | |||||
Croatia 0.3% | |||||
Croatia Government International Bond, | |||||
Sr. Unsec’d. Notes | 1.125 | 06/19/29 | EUR | 200 | 185,732 |
Sr. Unsec’d. Notes | 1.125 | 03/04/33 | EUR | 100 | 85,648 |
271,380 |
24
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Cyprus 0.6% | |||||
Cyprus Government International Bond, | |||||
Sr. Unsec’d. Notes, EMTN | 0.625 % | 01/21/30 | EUR | 100 | $86,350 |
Sr. Unsec’d. Notes, EMTN | 1.250 | 01/21/40 | EUR | 20 | 14,785 |
Sr. Unsec’d. Notes, EMTN | 2.375 | 09/25/28 | EUR | 100 | 100,403 |
Sr. Unsec’d. Notes, EMTN | 2.750 | 06/27/24 | EUR | 100 | 105,918 |
Sr. Unsec’d. Notes, EMTN | 2.750 | 02/26/34 | EUR | 200 | 194,420 |
Sr. Unsec’d. Notes, EMTN | 2.750 | 05/03/49 | EUR | 30 | 27,173 |
Sr. Unsec’d. Notes, EMTN | 4.250 | 11/04/25 | EUR | 50 | 55,309 |
584,358 | |||||
Denmark 0.0% | |||||
Denmark Government Bond, Bonds, Series 30 YR | 0.250 | 11/15/52 | DKK | 300 | 29,362 |
Dominican Republic 0.1% | |||||
Dominican Republic International Bond, Sr. Unsec’d. Notes | 5.950 | 01/25/27 | 100 | 98,113 | |
France 0.1% | |||||
Caisse Francaise de Financement Local, Covered Bonds, EMTN | 4.680 | 03/09/29 | CAD | 100 | 82,488 |
Germany 0.1% | |||||
Bundesrepublik Deutschland Bundesanleihe, Bonds | 0.000 | 08/15/31 | EUR | 100 | 95,862 |
Greece 2.0% | |||||
Hellenic Republic Government Bond, | |||||
Bonds | 4.300 | 02/24/24 | EUR | 21 | 22,013 |
Bonds | 4.300 | 02/24/25 | EUR | 13 | 13,985 |
Bonds | 4.300 | 02/24/26 | EUR | 34 | 36,977 |
Bonds | 4.300 | 02/24/27 | EUR | 65 | 71,609 |
Bonds | 4.300 | 02/24/28 | EUR | 42 | 46,910 |
Bonds | 4.300 | 02/24/29 | EUR | 25 | 27,870 |
Bonds | 4.300 | 02/24/30 | EUR | 10 | 10,995 |
Bonds | 4.300 | 02/24/31 | EUR | 23 | 25,711 |
Bonds | 4.300 | 02/24/32 | EUR | 24 | 27,099 |
Bonds | 4.300 | 02/24/33 | EUR | 46 | 50,811 |
Bonds | 4.300 | 02/24/34 | EUR | 22 | 23,970 |
Bonds | 4.300 | 02/24/35 | EUR | 33 | 35,046 |
Bonds | 4.300 | 02/24/36 | EUR | 24 | 25,093 |
25
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Greece (cont’d.) | |||||
Hellenic Republic Government Bond, (cont’d.) | |||||
Bonds | 4.300 % | 02/24/37 | EUR | 16 | $17,541 |
Bonds | 4.300 | 02/24/38 | EUR | 15 | 15,246 |
Bonds | 4.300 | 02/24/39 | EUR | 23 | 23,341 |
Bonds | 4.300 | 02/24/40 | EUR | 23 | 23,193 |
Bonds | 4.300 | 02/24/41 | EUR | 23 | 23,037 |
Bonds | 4.300 | 02/24/42 | EUR | 37 | 37,034 |
Bonds, 144A | 0.750 | 06/18/31 | EUR | 300 | 254,829 |
Sr. Unsec’d. Notes, 144A | 1.875 | 02/04/35 | EUR | 1,019 | 878,099 |
Sr. Unsec’d. Notes, 144A | 1.875 | 01/24/52 | EUR | 135 | 89,110 |
Hellenic Republic Government International Bond, Sr. Unsec’d. Notes | 5.200 | 07/17/34 | EUR | 50 | 59,373 |
1,838,892 | |||||
Hong Kong 0.3% | |||||
Airport Authority, Sr. Unsec’d. Notes, 144A | 2.500 | 01/12/32 | 245 | 220,142 | |
Hong Kong Government International Bond, Sr. Unsec’d. Notes, GMTN | 1.000 | 11/24/41 | EUR | 100 | 82,002 |
302,144 | |||||
Hungary 0.4% | |||||
Hungary Government International Bond, | |||||
Sr. Unsec’d. Notes | 1.750 | 10/10/27 | EUR | 100 | 94,846 |
Sr. Unsec’d. Notes | 1.750 | 06/05/35 | EUR | 100 | 75,396 |
Sr. Unsec’d. Notes, 144A | 2.125 | 09/22/31 | 200 | 164,850 | |
335,092 | |||||
India 0.2% | |||||
Export-Import Bank of India, Sr. Unsec’d. Notes, EMTN | 3.450 | 06/25/26 | CNH | 1,000 | 143,277 |
Indonesia 1.1% | |||||
Indonesia Government International Bond, | |||||
Sr. Unsec’d. Notes | 0.900 | 02/14/27 | EUR | 100 | 92,483 |
Sr. Unsec’d. Notes | 1.100 | 03/12/33 | EUR | 100 | 75,513 |
Sr. Unsec’d. Notes | 1.450 | 09/18/26 | EUR | 100 | 95,421 |
Sr. Unsec’d. Notes | 1.750 | 04/24/25 | EUR | 200 | 200,076 |
Sr. Unsec’d. Notes | 3.375 | 07/30/25 | EUR | 100 | 103,693 |
26
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Indonesia (cont’d.) | |||||
Indonesia Government International Bond, (cont’d.) | |||||
Sr. Unsec’d. Notes, EMTN | 3.750 % | 06/14/28 | EUR | 200 | $205,343 |
Sr. Unsec’d. Notes, EMTN | 4.125 | 01/15/25 | 200 | 201,475 | |
974,004 | |||||
Israel 0.7% | |||||
Israel Government Bond - Fixed, Bonds, Series 0537 | 1.500 | 05/31/37 | ILS | 1,100 | 268,071 |
Israel Government International Bond, | |||||
Sr. Unsec’d. Notes, EMTN | 1.500 | 01/18/27 | EUR | 100 | 100,161 |
Sr. Unsec’d. Notes, EMTN | 1.500 | 01/16/29 | EUR | 270 | 261,811 |
630,043 | |||||
Italy 2.5% | |||||
Italy Buoni Poliennali Del Tesoro, | |||||
Bonds, 144A | 2.800 | 03/01/67 | EUR | 105 | 90,682 |
Sr. Unsec’d. Notes, 144A | 0.950 | 12/01/31 | EUR | 100 | 85,175 |
Sr. Unsec’d. Notes, 144A | 1.450 | 03/01/36 | EUR | 120 | 99,100 |
Sr. Unsec’d. Notes, 144A | 1.700 | 09/01/51 | EUR | 150 | 107,378 |
Sr. Unsec’d. Notes, 144A | 1.800 | 03/01/41 | EUR | 415 | 334,511 |
Sr. Unsec’d. Notes, 144A | 3.350 | 03/01/35 | EUR | 335 | 347,608 |
Region of Lazio, Sr. Unsec’d. Notes | 3.088 | 03/31/43 | EUR | 88 | 86,604 |
Repubic of Italy Government International Bond Coupon Strips, Sr. Unsec’d. Notes | 1.737(s) | 02/20/31 | EUR | 85 | 65,371 |
Republic of Italy Government International Bond, | |||||
Sr. Unsec’d. Notes | 2.875 | 10/17/29 | 200 | 175,032 | |
Sr. Unsec’d. Notes, EMTN | 5.345 | 01/27/48 | EUR | 50 | 63,719 |
Sr. Unsec’d. Notes, EMTN | 6.000 | 08/04/28 | GBP | 100 | 137,679 |
Sr. Unsec’d. Notes, MTN | 5.125 | 07/31/24 | EUR | 350 | 381,700 |
Sr. Unsec’d. Notes, MTN | 5.200 | 07/31/34 | EUR | 300 | 353,027 |
2,327,586 | |||||
Japan 1.0% | |||||
Japan Government Ten Year Bond, Bonds, Series 366 | 0.200 | 03/20/32 | JPY | 30,000 | 226,522 |
Japan Government Thirty Year Bond, | |||||
Bonds, Series 70 | 0.700 | 03/20/51 | JPY | 15,000 | 99,564 |
Bonds, Series 72 | 0.700 | 09/20/51 | JPY | 15,000 | 99,184 |
27
PGIM Global Total Return (USD Hedged) 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 73 | 0.700 % | 12/20/51 | JPY | 20,000 | $132,134 |
Japan Government Twenty Year Bond, | |||||
Bonds, Series 176 | 0.500 | 03/20/41 | JPY | 15,000 | 106,698 |
Bonds, Series 180 | 0.800 | 03/20/42 | JPY | 30,000 | 223,338 |
887,440 | |||||
Kazakhstan 0.3% | |||||
Kazakhstan Government International Bond, | |||||
Sr. Unsec’d. Notes, EMTN | 0.600 | 09/30/26 | EUR | 200 | 178,859 |
Sr. Unsec’d. Notes, EMTN | 2.375 | 11/09/28 | EUR | 115 | 105,290 |
284,149 | |||||
Lithuania 0.2% | |||||
Lithuania Government International Bond, Sr. Unsec’d. Notes, EMTN | 2.125 | 10/22/35 | EUR | 200 | 189,329 |
Mexico 1.2% | |||||
Mexico Government International Bond, | |||||
Sr. Unsec’d. Notes | 2.375 | 02/11/30 | EUR | 100 | 90,840 |
Sr. Unsec’d. Notes | 2.875 | 04/08/39 | EUR | 200 | 155,134 |
Sr. Unsec’d. Notes, EMTN | 1.750 | 04/17/28 | EUR | 100 | 91,684 |
Sr. Unsec’d. Notes, Series 19 | 1.440 | 07/24/24 | JPY | 100,000 | 759,059 |
1,096,717 | |||||
New Zealand 0.1% | |||||
New Zealand Local Government Funding Agency Bond, Local Gov’t. Gtd. Notes | 3.500 | 04/14/33 | NZD | 100 | 59,411 |
Panama 0.4% | |||||
Panama Government International Bond, | |||||
Sr. Unsec’d. Notes | 3.160 | 01/23/30 | 200 | 180,975 | |
Sr. Unsec’d. Notes | 3.875 | 03/17/28 | 200 | 193,912 | |
374,887 | |||||
Peru 0.5% | |||||
Peru Government Bond, Sr. Unsec’d. Notes | 6.150 | 08/12/32 | PEN | 30 | 6,580 |
28
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Peru (cont’d.) | |||||
Peruvian Government International Bond, | |||||
Sr. Unsec’d. Notes | 1.250 % | 03/11/33 | EUR | 105 | $79,548 |
Sr. Unsec’d. Notes | 2.392 | 01/23/26 | 85 | 80,500 | |
Sr. Unsec’d. Notes | 2.750 | 01/30/26 | EUR | 300 | 304,277 |
Sr. Unsec’d. Notes | 6.900 | 08/12/37 | PEN | 100 | 22,336 |
493,241 | |||||
Philippines 0.5% | |||||
Philippine Government International Bond, Sr. Unsec’d. Notes | 0.700 | 02/03/29 | EUR | 500 | 433,189 |
Portugal 1.0% | |||||
Portugal Obrigacoes do Tesouro OT, | |||||
Sr. Unsec’d. Notes, 144A | 0.300 | 10/17/31 | EUR | 200 | 179,271 |
Sr. Unsec’d. Notes, 144A | 1.150 | 04/11/42 | EUR | 85 | 70,549 |
Sr. Unsec’d. Notes, 144A | 4.100 | 04/15/37 | EUR | 195 | 250,524 |
Sr. Unsec’d. Notes, 144A | 4.100 | 02/15/45 | EUR | 135 | 180,614 |
Sr. Unsec’d. Notes, 144A, Series 15 YR | 2.250 | 04/18/34 | EUR | 50 | 53,053 |
Unsec’d. Notes, 144A | 1.000 | 04/12/52 | EUR | 260 | 181,565 |
915,576 | |||||
Qatar 0.2% | |||||
Qatar Government International Bond, Sr. Unsec’d. Notes, 144A | 3.400 | 04/16/25 | 200 | 200,500 | |
Romania 0.3% | |||||
Romanian Government International Bond, | |||||
Sr. Unsec’d. Notes, 144A, MTN | 2.125 | 03/07/28 | EUR | 180 | 156,374 |
Sr. Unsec’d. Notes, EMTN | 3.500 | 04/03/34 | EUR | 50 | 39,742 |
Sr. Unsec’d. Notes, EMTN | 3.875 | 10/29/35 | EUR | 100 | 81,751 |
Unsec’d. Notes, 144A, MTN | 2.124 | 07/16/31 | EUR | 50 | 38,129 |
315,996 | |||||
Russia 0.2% | |||||
Russian Foreign Bond - Eurobond, | |||||
Sr. Unsec’d. Notes | 1.125 | 11/20/27 | EUR | 100 | 38,838 |
Sr. Unsec’d. Notes | 2.650 | 05/27/36(d) | EUR | 100 | 36,794 |
29
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Russia (cont’d.) | |||||
Russian Foreign Bond - Eurobond, (cont’d.) | |||||
Sr. Unsec’d. Notes | 2.875 % | 12/04/25 | EUR | 200 | $77,676 |
Sr. Unsec’d. Notes | 4.375 | 03/21/29(d) | 200 | 76,000 | |
229,308 | |||||
Saudi Arabia 0.3% | |||||
Saudi Government International Bond, | |||||
Sr. Unsec’d. Notes | 2.000 | 07/09/39 | EUR | 200 | 166,594 |
Sr. Unsec’d. Notes, 144A | 2.000 | 07/09/39 | EUR | 125 | 104,121 |
270,715 | |||||
Serbia 0.5% | |||||
Serbia International Bond, | |||||
Sr. Unsec’d. Notes | 1.650 | 03/03/33 | EUR | 100 | 66,668 |
Sr. Unsec’d. Notes | 3.125 | 05/15/27 | EUR | 250 | 231,648 |
Sr. Unsec’d. Notes, 144A | 2.125 | 12/01/30 | 200 | 147,500 | |
445,816 | |||||
Singapore 0.0% | |||||
Singapore Government Bond, Bonds | 2.750 | 03/01/46 | SGD | 40 | 28,211 |
Slovenia 0.3% | |||||
Slovenia Government Bond, Unsec’d. Notes, Series RS86 | 0.000 | 02/12/31 | EUR | 300 | 262,439 |
South Africa 0.3% | |||||
Republic of South Africa Government Bond, Sr. Unsec’d. Notes, Series R209 | 6.250 | 03/31/36 | ZAR | 7,100 | 283,606 |
Spain 1.3% | |||||
Autonomous Community of Catalonia, Sr. Unsec’d. Notes | 4.220 | 04/26/35 | EUR | 100 | 115,496 |
Instituto de Credito Oficial, Gov’t. Gtd. Notes, GMTN | 0.963 | 09/22/22 | SEK | 1,000 | 98,369 |
Spain Government Bond, | |||||
Sr. Unsec’d. Notes, 144A | 0.500 | 04/30/30 | EUR | 35 | 33,083 |
Sr. Unsec’d. Notes, 144A | 0.500 | 10/31/31 | EUR | 250 | 228,413 |
Sr. Unsec’d. Notes, 144A | 0.850 | 07/30/37 | EUR | 110 | 91,898 |
30
PGIM Global Total Return (USD Hedged) 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, (cont’d.) | |||||
Sr. Unsec’d. Notes, 144A | 1.000 % | 10/31/50 | EUR | 190 | $135,276 |
Sr. Unsec’d. Notes, 144A | 1.850 | 07/30/35 | EUR | 285 | 283,839 |
Sr. Unsec’d. Notes, 144A | 3.450 | 07/30/66 | EUR | 60 | 72,708 |
Spain Government International Bond, Sr. Unsec’d. Notes, EMTN | 5.250 | 04/06/29 | GBP | 100 | 140,196 |
1,199,278 | |||||
Ukraine 0.1% | |||||
Ukraine Government International Bond, | |||||
Sr. Unsec’d. Notes | 4.375 | 01/27/30 | EUR | 230 | 41,960 |
Sr. Unsec’d. Notes | 6.750 | 06/20/26(d) | EUR | 200 | 39,349 |
Sr. Unsec’d. Notes, 144A | 4.375 | 01/27/30 | EUR | 100 | 18,244 |
99,553 | |||||
United Arab Emirates 0.2% | |||||
UAE International Government Bond, Sr. Unsec’d. Notes, 144A, MTN | 2.000 | 10/19/31 | 205 | 180,246 | |
United Kingdom 0.9% | |||||
Isle of Man Government International Bond, | |||||
Unsec’d. Notes | 5.375 | 08/14/34 | GBP | 100 | 152,893 |
Unsec’d. Notes | 5.625 | 03/29/30 | GBP | 100 | 147,529 |
United Kingdom Gilt, Bonds | 4.250 | 12/07/46(k) | GBP | 330 | 530,606 |
831,028 | |||||
Uruguay 0.1% | |||||
Uruguay Government International Bond, | |||||
Sr. Unsec’d. Notes | 4.375 | 10/27/27 | 39 | 40,954 | |
Sr. Unsec’d. Notes | 4.375 | 01/23/31 | 62 | 65,531 | |
106,485 | |||||
Total Sovereign Bonds (cost $25,544,351) | 20,105,355 |
31
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
U.S. Government Agency Obligation 0.2% | |||||
Tennessee Valley Authority Sr. Unsec’d. Notes (cost $190,140) | 5.625 % | 06/07/32 | GBP | 100 | $153,219 |
U.S. Treasury Obligations 16.6% | |||||
U.S. Treasury Bonds | 2.375 | 02/15/42 | 865 | 752,685 | |
U.S. Treasury Bonds | 2.750 | 08/15/47(k) | 675 | 614,883 | |
U.S. Treasury Bonds | 3.250 | 05/15/42 | 1,160 | 1,161,450 | |
U.S. Treasury Notes | 0.625 | 08/15/30 | 300 | 256,078 | |
U.S. Treasury Notes | 1.000 | 07/31/28 | 2,400 | 2,169,375 | |
U.S. Treasury Notes | 1.125 | 02/15/31(k) | 1,600 | 1,416,500 | |
U.S. Treasury Notes | 2.500 | 04/30/24 | 3,876 | 3,846,476 | |
U.S. Treasury Notes | 2.875 | 04/30/29 | 800 | 807,750 | |
U.S. Treasury Notes | 3.250 | 06/30/29 | 4,000 | 4,136,250 | |
Total U.S. Treasury Obligations (cost $15,614,793) | 15,161,447 |
Shares | |||||
Exchange-Traded Funds 0.2% | |||||
iShares 0-5 Year High Yield Corporate Bond ETF | 1,000 | 42,270 | |||
iShares iBoxx $ Investment Grade Corporate Bond ETF | 800 | 91,688 | |||
iShares iBoxx High Yield Corporate Bond ETF | 1,000 | 78,190 | |||
iShares National Muni Bond ETF | 100 | 10,857 | |||
Total Exchange-Traded Funds (cost $212,763) | 223,005 | ||||
Total Long-Term Investments (cost $100,302,288) | 87,938,315 |
Principal Amount (000)# | |||||
Short-Term Investments 3.9% | |||||
U.S. Government Agency Obligations(n) 0.6% | |||||
Federal Home Loan Bank | 2.001 % | 08/05/22 | 100 | 99,976 | |
Federal Home Loan Bank | 2.203 | 08/19/22 | 100 | 99,833 | |
Federal Home Loan Bank | 1.953 | 08/23/22 | 100 | 99,792 | |
Tennessee Valley Authority | 2.001 | 08/03/22 | 200 | 199,975 | |
Total U.S. Government Agency Obligations (cost $499,727) | 499,576 |
32
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Principal Amount (000)# | Value | |||
U.S. Treasury Obligation(n) 0.5% | |||||
U.S. Treasury Bills (cost $499,163) | 2.079 % | 08/30/22 | 500 | $499,143 |
Shares | |||||
Unaffiliated Fund 2.8% | |||||
Dreyfus Government Cash Management (Institutional Shares) (cost $2,602,800) | 2,602,800 | 2,602,800 | |||
Options Purchased*~ 0.0% | |||||
(cost $10,079) | 20,914 | ||||
Total Short-Term Investments (cost $3,611,769) | 3,622,433 | ||||
TOTAL INVESTMENTS, BEFORE OPTIONS WRITTEN 99.9% (cost $103,914,057) | 91,560,748 | ||||
Options Written*~ (0.0)% | |||||
(premiums received $12,000) | (26,618) | ||||
TOTAL INVESTMENTS, NET OF OPTIONS WRITTEN 99.9% (cost $103,902,057) | 91,534,130 | ||||
Other assets in excess of liabilities(z) 0.1% | 81,662 | ||||
Net Assets 100.0% | $91,615,792 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: |
AUD—Australian Dollar | |
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 | |
HUF—Hungarian Forint | |
IDR—Indonesian Rupiah | |
ILS—Israeli Shekel | |
JPY—Japanese Yen | |
KRW—South Korean Won | |
MXN—Mexican Peso | |
MYR—Malaysian Ringgit | |
NOK—Norwegian Krone |
33
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
NZD—New Zealand Dollar | |
PEN—Peruvian Nuevo Sol | |
PLN—Polish Zloty | |
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 | |
BBR—New Zealand Bank Bill Rate | |
BBSW—Australian Bank Bill Swap Reference Rate | |
BUBOR—Budapest Interbank Offered Rate | |
CDOR—Canadian Dollar Offered Rate | |
CDS—Credit Default Swap | |
CDX—Credit Derivative Index | |
CIBOR—Copenhagen Interbank Offered Rate | |
CLO—Collateralized Loan Obligation | |
CLOIS—Sinacofi Chile Interbank Rate Average | |
CPI—Consumer Price Index | |
EMTN—Euro Medium Term Note | |
ETF—Exchange-Traded Fund | |
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 | |
iBoxx—Bond Market Indices | |
IO—Interest Only (Principal amount represents notional) | |
KLIBOR—Kuala Lumpur Interbank Offered Rate | |
KWCDC—Korean Won Certificate of Deposit | |
LIBOR—London Interbank Offered Rate | |
LP—Limited Partnership | |
MPLE—Maple Bonds | |
MTN—Medium Term Note | |
NIBOR—Norwegian Interbank Offered Rate | |
OAT—Obligations Assimilables du Tresor | |
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 | |
S—Semiannual payment frequency for swaps | |
SAIBOR—Saudi Arabian Interbank Offered Rate | |
SARON—Swiss Average Rate Overnight | |
SOFR—Secured Overnight Financing Rate | |
SONIA—Sterling Overnight Index Average | |
SORA—Singapore Overnight Rate Average | |
STIBOR—Stockholm Interbank Offered Rate |
34
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
STRIPs—Separate Trading of Registered Interest and Principal of Securities | |
T—Swap payment upon termination | |
THBFIX—Thai Baht Interest Rate Fixing | |
THOR—Thai Overnight Repurchase Rate | |
TONAR—Tokyo Overnight Average Rate | |
USOIS—United States Overnight Index Swap | |
WIBOR—Warsaw Interbank Offered Rate |
* | Non-income producing security. |
# | Principal or notional amount is shown in U.S. dollars unless otherwise stated. |
~ | See tables subsequent to the Schedule of Investments for options detail. |
^ | Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $108,790 and 0.1% of net assets. |
(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. |
(k) | Represents security, or a portion thereof, segregated as collateral for centrally cleared/exchange-traded derivatives. |
(n) | Rate shown reflects yield to maturity at purchased date. |
(oo) | Perpetual security. Maturity date represents next call date. |
(p) | Represents a security with a delayed settlement and therefore the interest rate is not available until settlement which is after the period end. |
(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. |
(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 Swaptions, 05/21/25 | Call | Deutsche Bank AG | 05/17/23 | 2.05% | 2.05%(A) | 3 Month SAIBOR(Q) | SAR | 3,000 | $799 | ||||||||
2- Year Interest Rate Swaptions, 05/21/25 | Put | Deutsche Bank AG | 05/17/23 | 2.05% | 3 Month SAIBOR(Q) | 2.05%(A) | SAR | 3,000 | 20,115 | ||||||||
Total Options Purchased (cost $10,079) | $20,914 |
35
PGIM Global Total Return (USD Hedged) 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 Swaptions, 05/19/25 | Call | Deutsche Bank AG | 05/17/23 | 1.13% | 3 Month LIBOR(Q) | 1.13%(S) | 800 | $(794) | |||||||||
2- Year Interest Rate Swaptions, 05/19/25 | Put | Deutsche Bank AG | 05/17/23 | 1.13% | 1.13%(S) | 3 Month LIBOR(Q) | 800 | (25,824) | |||||||||
Total Options Written (premiums received $12,000) | $(26,618) |
Futures contracts outstanding at July 31, 2022: | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Long Positions: | ||||||||
2 | 2 Year U.S. Treasury Notes | Sep. 2022 | $420,922 | $1,294 | ||||
5 | 10 Year Canadian Government Bonds | Sep. 2022 | 509,351 | 10,067 | ||||
17 | 20 Year U.S. Treasury Bonds | Sep. 2022 | 2,448,000 | 87,176 | ||||
19 | 30 Year U.S. Ultra Treasury Bonds | Sep. 2022 | 3,007,938 | 60,814 | ||||
6 | Euro-OAT | Sep. 2022 | 898,198 | 16,471 | ||||
175,822 | ||||||||
Short Positions: | ||||||||
15 | 5 Year Euro-Bobl | Sep. 2022 | 1,960,343 | (41,456) | ||||
9 | 5 Year U.S. Treasury Notes | Sep. 2022 | 1,023,539 | (18,402) | ||||
20 | 10 Year Euro-Bund | Sep. 2022 | 3,222,319 | (116,661) | ||||
1 | 10 Year U.K. Gilt | Sep. 2022 | 143,920 | 36 | ||||
31 | 10 Year U.S. Treasury Notes | Sep. 2022 | 3,755,360 | (44,056) | ||||
12 | 10 Year U.S. Ultra Treasury Notes | Sep. 2022 | 1,575,000 | (39,368) | ||||
113 | Euro Currency | Sep. 2022 | 14,484,481 | 706,826 | ||||
11 | Euro Schatz Index | Sep. 2022 | 1,238,198 | (3,963) | ||||
442,956 | ||||||||
$618,778 |
36
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
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 08/02/22 | Morgan Stanley & Co. International PLC | AUD | 393 | $273,528 | $274,776 | $1,248 | $— | ||||||
British Pound, | |||||||||||||
Expiring 08/02/22 | Morgan Stanley & Co. International PLC | GBP | 317 | 375,996 | 386,142 | 10,146 | — | ||||||
Expiring 08/02/22 | The Toronto-Dominion Bank | GBP | 3,444 | 4,157,020 | 4,194,363 | 37,343 | — | ||||||
Canadian Dollar, | |||||||||||||
Expiring 08/02/22 | Morgan Stanley & Co. International PLC | CAD | 95 | 73,703 | 74,065 | 362 | — | ||||||
Chilean Peso, | |||||||||||||
Expiring 09/21/22 | BNP Paribas S.A. | CLP | 18,376 | 22,007 | 20,201 | — | (1,806) | ||||||
Chinese Renminbi, | |||||||||||||
Expiring 08/23/22 | Morgan Stanley & Co. International PLC | CNH | 500 | 74,488 | 74,034 | — | (454) | ||||||
Expiring 08/23/22 | The Toronto-Dominion Bank | CNH | 634 | 94,644 | 94,019 | — | (625) | ||||||
Colombian Peso, | |||||||||||||
Expiring 09/21/22 | Citibank, N.A. | COP | 487,063 | 125,913 | 112,549 | — | (13,364) | ||||||
Danish Krone, | |||||||||||||
Expiring 08/02/22 | Morgan Stanley & Co. International PLC | DKK | 240 | 33,077 | 33,020 | — | (57) | ||||||
Euro, | |||||||||||||
Expiring 08/02/22 | Bank of America, N.A. | EUR | 210 | 223,564 | 215,185 | — | (8,379) | ||||||
Expiring 08/02/22 | Barclays Bank PLC | EUR | 5,053 | 5,170,691 | 5,165,781 | — | (4,910) | ||||||
Expiring 08/02/22 | HSBC Bank PLC | EUR | 248 | 250,684 | 253,258 | 2,574 | — | ||||||
Expiring 08/02/22 | JPMorgan Chase Bank, N.A. | EUR | 1,152 | 1,162,176 | 1,177,359 | 15,183 | — | ||||||
Hungarian Forint, | |||||||||||||
Expiring 10/19/22 | Citibank, N.A. | HUF | 48,942 | 120,111 | 121,272 | 1,161 | — | ||||||
Japanese Yen, | |||||||||||||
Expiring 08/02/22 | Citibank, N.A. | JPY | 202,385 | 1,482,826 | 1,518,127 | 35,301 | — | ||||||
Expiring 08/02/22 | Morgan Stanley & Co. International PLC | JPY | 16,076 | 116,148 | 120,588 | 4,440 | — | ||||||
Mexican Peso, | |||||||||||||
Expiring 09/21/22 | Morgan Stanley & Co. International PLC | MXN | 1,006 | 49,126 | 48,836 | — | (290) | ||||||
Norwegian Krone, | |||||||||||||
Expiring 10/19/22 | Morgan Stanley & Co. International PLC | NOK | 553 | 54,297 | 57,303 | 3,006 | — | ||||||
Polish Zloty, | |||||||||||||
Expiring 10/19/22 | HSBC Bank PLC | PLN | 345 | 72,224 | 73,358 | 1,134 | — | ||||||
South African Rand, | |||||||||||||
Expiring 09/21/22 | BNP Paribas S.A. | ZAR | 1,357 | 83,616 | 81,145 | — | (2,471) |
37
PGIM Global Total Return (USD Hedged) 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 | Goldman Sachs International | ZAR | 1,565 | $94,308 | $93,579 | $— | $(729) | ||||||
South Korean Won, | |||||||||||||
Expiring 09/21/22 | BNP Paribas S.A. | KRW | 127,227 | 102,389 | 97,672 | — | (4,717) | ||||||
Swiss Franc, | |||||||||||||
Expiring 08/02/22 | Bank of America, N.A. | CHF | 285 | 296,234 | 299,916 | 3,682 | — | ||||||
Expiring 10/19/22 | JPMorgan Chase Bank, N.A. | CHF | 82 | 87,072 | 87,152 | 80 | — | ||||||
$14,595,842 | $14,673,700 | 115,660 | (37,802) |
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 08/02/22 | Morgan Stanley & Co. International PLC | AUD | 393 | $272,821 | $274,777 | $— | $(1,956) | ||||||
Expiring 09/02/22 | Morgan Stanley & Co. International PLC | AUD | 393 | 273,638 | 274,928 | — | (1,290) | ||||||
British Pound, | |||||||||||||
Expiring 08/02/22 | Barclays Bank PLC | GBP | 47 | 56,192 | 56,931 | — | (739) | ||||||
Expiring 08/02/22 | BNP Paribas S.A. | GBP | 3,714 | 4,556,915 | 4,523,574 | 33,341 | — | ||||||
Expiring 09/02/22 | Morgan Stanley & Co. International PLC | GBP | 112 | 135,205 | 136,836 | — | (1,631) | ||||||
Expiring 09/02/22 | The Toronto-Dominion Bank | GBP | 3,444 | 4,160,064 | 4,197,282 | — | (37,218) | ||||||
Expiring 10/19/22 | JPMorgan Chase Bank, N.A. | GBP | 90 | 110,046 | 110,141 | — | (95) | ||||||
Canadian Dollar, | |||||||||||||
Expiring 08/02/22 | JPMorgan Chase Bank, N.A. | CAD | 95 | 73,360 | 74,065 | — | (705) | ||||||
Expiring 09/02/22 | Morgan Stanley & Co. International PLC | CAD | 95 | 73,704 | 74,061 | — | (357) | ||||||
Expiring 10/19/22 | JPMorgan Chase Bank, N.A. | CAD | 129 | 100,705 | 100,756 | — | (51) | ||||||
Expiring 10/19/22 | The Toronto-Dominion Bank | CAD | 733 | 564,457 | 572,298 | — | (7,841) | ||||||
Chinese Renminbi, | |||||||||||||
Expiring 08/23/22 | Citibank, N.A. | CNH | 844 | 124,742 | 125,052 | — | (310) | ||||||
Expiring 08/23/22 | JPMorgan Chase Bank, N.A. | CNH | 21,324 | 3,114,245 | 3,159,980 | — | (45,735) |
38
PGIM Global Total Return (USD Hedged) 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.): | |||||||||||||
Chinese Renminbi (cont’d.), | |||||||||||||
Expiring 08/23/22 | JPMorgan Chase Bank, N.A. | CNH | 820 | $122,417 | $121,451 | $966 | $— | ||||||
Colombian Peso, | |||||||||||||
Expiring 09/21/22 | Citibank, N.A. | COP | 760,786 | 182,312 | 175,800 | 6,512 | — | ||||||
Danish Krone, | |||||||||||||
Expiring 08/02/22 | HSBC Bank PLC | DKK | 240 | 34,147 | 33,021 | 1,126 | — | ||||||
Expiring 09/02/22 | Morgan Stanley & Co. International PLC | DKK | 240 | 33,154 | 33,095 | 59 | — | ||||||
Euro, | |||||||||||||
Expiring 08/02/22 | Bank of America, N.A. | EUR | 6,240 | 6,582,635 | 6,379,313 | 203,322 | — | ||||||
Expiring 08/02/22 | JPMorgan Chase Bank, N.A. | EUR | 174 | 176,837 | 177,775 | — | (938) | ||||||
Expiring 08/02/22 | JPMorgan Chase Bank, N.A. | EUR | 23 | 24,557 | 23,922 | 635 | — | ||||||
Expiring 08/02/22 | Morgan Stanley & Co. International PLC | EUR | 226 | 229,984 | 230,572 | — | (588) | ||||||
Expiring 09/02/22 | Barclays Bank PLC | EUR | 5,053 | 5,182,126 | 5,176,883 | 5,243 | — | ||||||
Expiring 10/19/22 | JPMorgan Chase Bank, N.A. | EUR | 579 | 593,590 | 595,181 | — | (1,591) | ||||||
Indonesian Rupiah, | |||||||||||||
Expiring 09/21/22 | Morgan Stanley & Co. International PLC | IDR | 1,526,380 | 105,581 | 102,772 | 2,809 | — | ||||||
Israeli Shekel, | |||||||||||||
Expiring 09/21/22 | Barclays Bank PLC | ILS | 429 | 129,553 | 126,734 | 2,819 | — | ||||||
Expiring 09/21/22 | Citibank, N.A. | ILS | 429 | 129,671 | 126,735 | 2,936 | — | ||||||
Expiring 09/21/22 | Citibank, N.A. | ILS | 24 | 6,911 | 7,021 | — | (110) | ||||||
Expiring 09/21/22 | Goldman Sachs International | ILS | 89 | 26,927 | 26,401 | 526 | — | ||||||
Japanese Yen, | |||||||||||||
Expiring 08/02/22 | Bank of America, N.A. | JPY | 189,079 | 1,400,402 | 1,418,320 | — | (17,918) | ||||||
Expiring 08/02/22 | JPMorgan Chase Bank, N.A. | JPY | 29,381 | 215,221 | 220,395 | — | (5,174) | ||||||
Expiring 09/02/22 | Citibank, N.A. | JPY | 202,385 | 1,486,204 | 1,521,609 | — | (35,405) | ||||||
Expiring 10/19/22 | JPMorgan Chase Bank, N.A. | JPY | 13,940 | 104,952 | 105,231 | — | (279) | ||||||
Mexican Peso, | |||||||||||||
Expiring 09/21/22 | JPMorgan Chase Bank, N.A. | MXN | 3,844 | 191,652 | 186,695 | 4,957 | — | ||||||
Peruvian Nuevo Sol, | |||||||||||||
Expiring 09/21/22 | BNP Paribas S.A. | PEN | 131 | 34,332 | 33,055 | 1,277 | — | ||||||
Singapore Dollar, | |||||||||||||
Expiring 09/21/22 | BNP Paribas S.A. | SGD | 41 | 29,513 | 29,331 | 182 | — |
39
PGIM Global Total Return (USD Hedged) 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 African Rand, | |||||||||||||
Expiring 09/21/22 | JPMorgan Chase Bank, N.A. | ZAR | 1,777 | $106,356 | $106,250 | $106 | $— | ||||||
Expiring 09/21/22 | Standard Chartered Bank | ZAR | 6,019 | 384,133 | 360,008 | 24,125 | — | ||||||
Swedish Krona, | |||||||||||||
Expiring 10/19/22 | BNP Paribas S.A. | SEK | 771 | 73,841 | 76,147 | — | (2,306) | ||||||
Swiss Franc, | |||||||||||||
Expiring 08/02/22 | Morgan Stanley & Co. International PLC | CHF | 285 | 298,361 | 299,916 | — | (1,555) | ||||||
Expiring 09/02/22 | Bank of America, N.A. | CHF | 285 | 296,934 | 300,668 | — | (3,734) | ||||||
Expiring 10/19/22 | HSBC Bank PLC | CHF | 137 | 140,836 | 145,321 | — | (4,485) | ||||||
$31,939,233 | $31,820,303 | 290,941 | (172,011) | ||||||||||
$406,601 | $(209,813) |
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 | 06/20/27 | 1.000%(Q) | 100 | $38,793 | $230 | $38,563 | Citibank, N.A. | |||||||||
Emirate of Abu Dhabi | 06/20/27 | 1.000%(Q) | 100 | (1,701) | 230 | (1,931) | Citibank, N.A. | |||||||||
Federation of Malaysia | 06/20/27 | 1.000%(Q) | 150 | (1,663) | 345 | (2,008) | Citibank, N.A. | |||||||||
Federative Republic of Brazil | 06/20/27 | 1.000%(Q) | 600 | 43,550 | 1,380 | 42,170 | Citibank, N.A. | |||||||||
Kingdom of Saudi Arabia | 06/20/27 | 1.000%(Q) | 100 | (1,560) | 230 | (1,790) | Citibank, N.A. | |||||||||
People’s Republic of China | 06/20/27 | 1.000%(Q) | 600 | (8,180) | 1,380 | (9,560) | Citibank, N.A. | |||||||||
Republic of Argentina | 06/20/27 | 1.000%(Q) | 100 | 77,995 | 230 | 77,765 | Citibank, N.A. | |||||||||
Republic of Chile | 06/20/27 | 1.000%(Q) | 150 | 1,918 | 345 | 1,573 | Citibank, N.A. | |||||||||
Republic of Colombia | 06/20/27 | 1.000%(Q) | 300 | 20,209 | 690 | 19,519 | Citibank, N.A. | |||||||||
Republic of Indonesia | 06/20/27 | 1.000%(Q) | 450 | 2,704 | 1,035 | 1,669 | Citibank, N.A. | |||||||||
Republic of Panama | 06/20/27 | 1.000%(Q) | 100 | 1,345 | 230 | 1,115 | Citibank, N.A. | |||||||||
Republic of Peru | 06/20/27 | 1.000%(Q) | 150 | 1,681 | 345 | 1,336 | Citibank, N.A. | |||||||||
Republic of Philippines | 06/20/27 | 1.000%(Q) | 100 | 95 | 230 | (135) | Citibank, N.A. | |||||||||
Republic of South Africa | 06/20/27 | 1.000%(Q) | 600 | 49,557 | 1,380 | 48,177 | Citibank, N.A. | |||||||||
Republic of Turkey | 06/20/27 | 1.000%(Q) | 600 | 154,957 | 1,380 | 153,577 | Citibank, N.A. | |||||||||
Republic of Ukraine | 06/20/27 | 1.000%(Q) | 100 | 81,859 | 230 | 81,629 | Citibank, N.A. |
40
PGIM Global Total Return (USD Hedged) 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.): | ||||||||||||||||
State of Qatar | 06/20/27 | 1.000%(Q) | 100 | $(1,685) | $230 | $(1,915) | Citibank, N.A. | |||||||||
United Mexican States | 06/20/27 | 1.000%(Q) | 600 | 14,414 | 1,380 | 13,034 | Citibank, N.A. | |||||||||
$474,288 | $11,500 | $462,788 |
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 Agreement on credit indices— Sell Protection(2)**: | |||||||||||||||||
CDX.EM.37.V1 | 06/20/27 | 1.000%(Q) | 5,000 | 3.250% | $(465,364) | $(16,365) | $(448,999) | Citibank, N.A. |
** | The Fund entered into multiple credit default swap agreements in a packaged trade consisting of two parts. The Fund bought/sold protection on an Emerging Market CDX Index and 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). |
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): | ||||||||||||||||
Gazprom PAO | 09/20/22 | 1.000%(Q) | 300 | $38,632 | $27,727 | $10,905 | Barclays Bank PLC | |||||||||
Gazprom PAO | 03/20/23 | 1.000%(Q) | 652 | 271,847 | 229,672 | 42,175 | Barclays Bank PLC | |||||||||
Gazprom PAO | 06/20/24 | 1.000%(Q) | 134 | 76,283 | 50,667 | 25,616 | HSBC Bank PLC | |||||||||
Gazprom PAO | 06/20/24 | 1.000%(Q) | 121 | 68,882 | 73,303 | (4,421) | Barclays Bank PLC | |||||||||
Russian Federation | 12/20/25 | 1.000%(Q) | 200 | 130,515 | 116,276 | 14,239 | HSBC Bank PLC | |||||||||
Russian Federation | 06/20/27 | 1.000%(Q) | 100 | 65,258 | 70,035 | (4,777) | Citibank, N.A. | |||||||||
Russian Federation | 12/20/31 | 1.000%(Q) | 400 | 261,030 | 264,725 | (3,695) | HSBC Bank PLC | |||||||||
Russian Federation | 12/20/31 | 1.000%(Q) | 200 | 130,515 | 88,143 | 42,372 | HSBC Bank PLC | |||||||||
$1,042,962 | $920,548 | $122,414 |
41
PGIM Global Total Return (USD Hedged) 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): | |||||||||||||||||
DP World PLC | 12/20/24 | 1.000%(Q) | 100 | 0.998% | $117 | $224 | $(107) | Barclays Bank PLC | |||||||||
Electricite de France S.A. | 12/20/22 | 1.000%(Q) | EUR | 100 | 0.437% | 349 | 396 | (47) | Goldman Sachs International | ||||||||
Generalitat de Catalunya | 12/20/25 | 1.000%(Q) | 100 | * | 1,156 | (647) | 1,803 | Deutsche Bank AG | |||||||||
Halliburton Co. | 12/20/26 | 1.000%(Q) | 50 | 1.056% | (55) | 421 | (476) | Goldman Sachs International | |||||||||
Hellenic Republic | 12/20/31 | 1.000%(Q) | 140 | 2.278% | (13,103) | (4,012) | (9,091) | Barclays Bank PLC | |||||||||
Kingdom of Spain | 06/20/25 | 1.000%(Q) | 1,000 | 0.374% | 18,615 | (5,328) | 23,943 | Bank of America, N.A. | |||||||||
Kingdom of Spain | 06/20/25 | 1.000%(Q) | 170 | 0.374% | 3,164 | (945) | 4,109 | Bank of America, N.A. | |||||||||
Kingdom of Spain | 06/20/25 | 1.000%(Q) | 15 | 0.374% | 280 | 114 | 166 | Barclays Bank PLC | |||||||||
Republic of Estonia | 12/20/26 | 1.000%(Q) | 50 | 0.667% | 746 | 416 | 330 | JPMorgan Chase Bank, N.A. | |||||||||
Republic of Indonesia | 06/20/23 | 1.000%(Q) | 475 | 0.300% | 3,496 | (541) | 4,037 | Citibank, N.A. | |||||||||
Republic of Kazakhstan | 06/20/23 | 1.000%(Q) | 85 | 1.663% | (400) | — | (400) | Citibank, N.A. | |||||||||
Republic of Panama | 12/20/26 | 1.000%(Q) | 45 | 1.233% | (374) | 114 | (488) | Citibank, N.A. | |||||||||
Republic of Poland | 06/20/24 | 1.000%(Q) | 145 | 1.053% | 25 | 213 | (188) | BNP Paribas S.A. | |||||||||
Republic of South Africa | 12/20/23 | 1.000%(Q) | 300 | 1.878% | (3,235) | (4,479) | 1,244 | Bank of America, N.A. | |||||||||
Republic of Ukraine | 12/20/23 | 5.000%(Q) | 100 | 560.676% | (80,037) | 1,985 | (82,022) | Deutsche Bank AG | |||||||||
Republic of Ukraine | 12/20/24 | 5.000%(Q) | 100 | 421.755% | (80,301) | 3,789 | (84,090) | HSBC Bank PLC | |||||||||
Republic of Ukraine | 06/20/25 | 5.000%(Q) | 90 | 377.938% | (72,245) | (581) | (71,664) | Barclays Bank PLC | |||||||||
Russian Federation | 03/20/25 | 1.000%(Q) | 200 | * | (130,515) | (113,304) | (17,211) | HSBC Bank PLC | |||||||||
Russian Federation | 06/20/27 | 1.000%(Q) | 100 | * | (65,257) | (70,508) | 5,251 | Morgan Stanley & Co. International PLC | |||||||||
Russian Federation | 12/20/30 | 1.000%(Q) | 400 | * | (261,030) | (264,397) | 3,367 | HSBC Bank PLC |
42
PGIM Global Total Return (USD Hedged) 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.): | |||||||||||||||||
Russian Federation | 12/20/30 | 1.000%(Q) | 200 | * | $(130,516) | $(88,182) | $(42,334) | HSBC Bank PLC | |||||||||
State of Israel | 09/20/22 | 1.000%(Q) | 100 | 0.112% | 244 | 126 | 118 | HSBC Bank PLC | |||||||||
Teck Resources Ltd. | 06/20/26 | 5.000%(Q) | 150 | 1.993% | 16,913 | 21,901 | (4,988) | Barclays Bank PLC | |||||||||
Verizon Communications, Inc. | 06/20/26 | 1.000%(Q) | 170 | 1.000% | 196 | 2,773 | (2,577) | Goldman Sachs International | |||||||||
$(791,767) | $(520,452) | $(271,315) |
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at July 31, 2022(4) | Value at Trade Date | Value at July 31, 2022 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2): | |||||||||||||||
CDX.NA.HY.38.V2 | 06/20/27 | 5.000%(Q) | 7,173 | 4.710% | $(355) | $123,332 | $123,687 | ||||||||
CDX.NA.IG.38.V1 | 06/20/27 | 1.000%(Q) | 4,515 | 0.804% | 8,255 | 44,931 | 36,676 | ||||||||
$7,900 | $168,263 | $160,363 |
The Fund entered into credit default swaps (“CDS”) to provide a measure of protection against defaults or to take an active long or short position with respect to the likelihood of a particular issuer’s default or the reference entity’s credit soundness. CDS contracts generally trade based on a spread which represents the cost a protection buyer has to pay the protection seller. The protection buyer is said to be short the credit as the value of the contract rises the more the credit deteriorates. The value of the CDS contract increases for the protection buyer if the spread increases.
(1) | If the Fund is a buyer of protection, it pays the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and make delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
(2) | If the Fund is a seller of protection, it receives the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
43
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
(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 Agreement: | ||||||||||||||||||
IDR | 1,400,000 | 8.22%(S) | 97 | 6 Month LIBOR(S) | Citibank, N.A. | 11/29/23 | $2,102 | $— | $2,102 |
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 | 200 | 05/15/23 | 1.485%(T) | France CPI ex Tobacco Household(1)(T) | $— | $10,786 | $10,786 | |||||||
EUR | 200 | 05/15/23 | 1.510%(T) | Eurostat Eurozone HICP ex Tobacco(2)(T) | — | (21,937) | (21,937) | |||||||
$— | $(11,151) | $(11,151) |
(1) | The Fund pays the fixed rate and receives the floating rate. |
(2) | The Fund pays the floating rate and receives the fixed rate. |
44
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
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 | 1,100 | 02/19/31 | 1.398%(S) | 6 Month BBSW(2)(S) | $(3,170) | $(112,538) | $(109,368) | |||||||
CAD | 1,230 | 04/03/25 | 0.970%(S) | 3 Month CDOR(2)(S) | (3,098) | (56,657) | (53,559) | |||||||
CAD | 80 | 12/03/28 | 2.600%(S) | 3 Month CDOR(2)(S) | 518 | (1,318) | (1,836) | |||||||
CAD | 50 | 01/09/38 | 2.720%(S) | 3 Month CDOR(2)(S) | (1) | (2,778) | (2,777) | |||||||
CAD | 120 | 12/03/40 | 2.800%(S) | 3 Month CDOR(2)(S) | 16,718 | (6,966) | (23,684) | |||||||
CAD | 50 | 05/30/47 | 2.240%(S) | 3 Month CDOR(2)(S) | (1,445) | (7,205) | (5,760) | |||||||
CAD | 185 | 12/03/51 | 2.800%(S) | 3 Month CDOR(2)(S) | (20,272) | (11,620) | 8,652 | |||||||
CHF | 70 | 04/03/28 | 0.410%(A) | 1 Day SARON(2)(S) | (265) | (1,954) | (1,689) | |||||||
CHF | 130 | 01/31/29 | 0.260%(A) | 1 Day SARON(2)(S) | (567) | (6,203) | (5,636) | |||||||
CHF | 40 | 04/03/33 | 0.687%(A) | 1 Day SARON(2)(S) | (236) | (2,607) | (2,371) | |||||||
CHF | 100 | 12/15/41 | 0.025%(A) | 1 Day SARON(2)(A) | (21,040) | (25,622) | (4,582) | |||||||
CLP | 30,200 | 07/12/29 | 3.135%(S) | 1 Day CLOIS(2)(S) | — | (6,679) | (6,679) | |||||||
CNH | 700 | 08/15/23 | 3.115%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | — | 1,474 | 1,474 | |||||||
CNH | 700 | 03/13/24 | 2.945%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (1) | 1,557 | 1,558 | |||||||
CNH | 1,400 | 04/01/24 | 2.923%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | — | 3,001 | 3,001 | |||||||
CNH | 1,440 | 06/03/24 | 2.975%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | — | 3,687 | 3,687 | |||||||
CNH | 2,220 | 06/20/24 | 2.900%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (3) | 5,078 | 5,081 | |||||||
CNH | 1,500 | 09/03/24 | 2.860%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (1) | 3,565 | 3,566 | |||||||
CNH | 1,500 | 10/10/24 | 2.860%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (1) | 3,438 | 3,439 | |||||||
CNH | 1,680 | 11/01/24 | 3.120%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (5) | 5,995 | 6,000 | |||||||
CNH | 1,200 | 02/04/25 | 2.600%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | — | 2,049 | 2,049 | |||||||
CNH | 2,800 | 03/06/25 | 2.425%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (3) | 2,597 | 2,600 | |||||||
CNH | 5,000 | 03/12/25 | 2.400%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (2) | 4,020 | 4,022 | |||||||
CNH | 3,200 | 07/13/25 | 2.653%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (4) | 5,586 | 5,590 | |||||||
CNH | 5,910 | 11/02/25 | 2.588%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | 11 | 9,913 | 9,902 | |||||||
CNH | 5,280 | 04/12/26 | 2.810%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (14) | 13,525 | 13,539 | |||||||
CZK | 5,145 | 03/31/30 | 0.710%(A) | 6 Month PRIBOR(2)(S) | — | (57,519) | (57,519) | |||||||
DKK | 500 | 04/08/32 | 1.581%(A) | 6 Month CIBOR(2)(S) | (3,622) | (1,687) | 1,935 |
45
PGIM Global Total Return (USD Hedged) 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 | 5,485 | 11/23/24 | (0.046)%(A) | 6 Month EURIBOR(2)(S) | $— | $(74,416) | $(74,416) | |||||||
EUR | 3,245 | 12/02/24 | (0.285)%(A) | 6 Month EURIBOR(2)(S) | — | (107,783) | (107,783) | |||||||
EUR | 200 | 05/11/25 | 0.100%(A) | 1 Day EuroSTR(1)(A) | 692 | 4,198 | 3,506 | |||||||
EUR | 350 | 04/27/30 | (0.016)%(A) | 6 Month EURIBOR(2)(S) | — | (39,535) | (39,535) | |||||||
EUR | 342 | 08/15/30 | (0.191)%(A) | 1 Day EuroSTR(2)(A) | (149) | (37,751) | (37,602) | |||||||
EUR | 100 | 05/11/31 | 0.750%(A) | 1 Day EuroSTR(1)(A) | 683 | 4,318 | 3,635 | |||||||
EUR | 235 | 10/30/32 | 1.302%(A) | 6 Month EURIBOR(2)(S) | 4,633 | (5,158) | (9,791) | |||||||
EUR | 430 | 05/11/33 | 1.000%(A) | 6 Month EURIBOR(2)(S) | (8,211) | (28,082) | (19,871) | |||||||
EUR | 140 | 11/12/36 | 0.610%(A) | 6 Month EURIBOR(2)(S) | — | (7,522) | (7,522) | |||||||
EUR | 285 | 11/12/41 | 0.454%(A) | 6 Month EURIBOR(1)(S) | — | 12,389 | 12,389 | |||||||
EUR | 150 | 11/24/41 | 0.565%(A) | 6 Month EURIBOR(1)(S) | — | 16,310 | 16,310 | |||||||
EUR | 150 | 11/24/41 | 0.600%(A) | 3 Month EURIBOR(2)(Q) | — | (17,935) | (17,935) | |||||||
EUR | 364 | 11/25/41 | 0.629%(A) | 6 Month EURIBOR(1)(S) | — | 37,674 | 37,674 | |||||||
EUR | 364 | 11/25/41 | 0.663%(A) | 3 Month EURIBOR(2)(Q) | — | (41,660) | (41,660) | |||||||
EUR | 570 | 03/22/42 | 1.257%(A) | 6 Month EURIBOR(1)(S) | — | 28,438 | 28,438 | |||||||
EUR | 570 | 03/22/42 | 1.310%(A) | 3 Month EURIBOR(2)(Q) | — | (33,834) | (33,834) | |||||||
EUR | 120 | 05/11/49 | 1.450%(A) | 6 Month EURIBOR(2)(S) | 5,648 | (2,778) | (8,426) | |||||||
EUR | 144 | 11/12/51 | (0.012)%(A) | 6 Month EURIBOR(2)(S) | — | (4,337) | (4,337) | |||||||
GBP | 305 | 04/07/41 | 0.952%(A) | 1 Day SONIA(2)(A) | (10) | (62,800) | (62,790) | |||||||
GBP | 225 | 05/08/46 | 1.250%(A) | 1 Day SONIA(2)(A) | 48,880 | (40,290) | (89,170) | |||||||
GBP | 85 | 05/08/47 | 1.250%(A) | 1 Day SONIA(2)(A) | (19,906) | (15,672) | 4,234 | |||||||
GBP | 35 | 09/03/50 | 0.328%(A) | 1 Day SONIA(2)(A) | — | (15,376) | (15,376) | |||||||
GBP | 60 | 05/08/52 | 1.250%(A) | 1 Day SONIA(2)(A) | (3,750) | (12,334) | (8,584) | |||||||
HUF | 90,865 | 06/12/28 | 3.750%(A) | 6 Month BUBOR(2)(S) | — | (38,822) | (38,822) | |||||||
JPY | 126,000 | 04/08/23 | (0.029)%(S) | 1 Day TONAR(2)(S) | 52 | (691) | (743) | |||||||
JPY | 179,000 | 04/08/26 | 0.018%(S) | 1 Day TONAR(2)(S) | 12 | (6,053) | (6,065) | |||||||
JPY | 59,000 | 12/18/27 | 0.290%(S) | 1 Day TONAR(2)(S) | (579) | 2,679 | 3,258 |
46
PGIM Global Total Return (USD Hedged) 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 | 110,000 | 07/08/28 | (0.050)%(A) | 1 Day TONAR(2)(A) | $(15,558) | $(9,615) | $5,943 | |||||||
JPY | 163,000 | 11/12/28 | 0.011%(S) | 1 Day TONAR(2)(S) | 6 | (15,987) | (15,993) | |||||||
JPY | 130,000 | 07/08/32 | 0.050%(A) | 1 Day TONAR(2)(A) | (10,648) | (25,777) | (15,129) | |||||||
JPY | 53,000 | 12/18/32 | 0.516%(S) | 1 Day TONAR(2)(S) | (1,018) | 4,995 | 6,013 | |||||||
JPY | 111,500 | 12/18/37 | 0.715%(S) | 1 Day TONAR(2)(S) | (3,065) | 8,942 | 12,007 | |||||||
JPY | 57,555 | 01/04/38 | 0.757%(S) | 1 Day TONAR(2)(S) | (1,529) | 7,043 | 8,572 | |||||||
JPY | 11,780 | 12/03/38 | 0.600%(S) | 1 Day TONAR(2)(S) | (6) | (1,265) | (1,259) | |||||||
JPY | 10,000 | 10/04/39 | 0.203%(S) | 1 Day TONAR(2)(S) | (26) | (6,557) | (6,531) | |||||||
JPY | 21,500 | 12/03/39 | 0.650%(S) | 1 Day TONAR(2)(S) | (13) | (2,263) | (2,250) | |||||||
JPY | 20,000 | 02/06/40 | 0.223%(S) | 1 Day TONAR(2)(S) | (111) | (13,150) | (13,039) | |||||||
JPY | 25,000 | 07/08/42 | 0.300%(A) | 1 Day TONAR(2)(A) | (19,278) | (16,785) | 2,493 | |||||||
JPY | 5,000 | 07/04/43 | 0.763%(S) | 1 Day TONAR(2)(S) | (135) | (702) | (567) | |||||||
JPY | 91,700 | 12/18/47 | 0.918%(S) | 1 Day TONAR(2)(S) | (3,312) | (6,033) | (2,721) | |||||||
JPY | 10,000 | 07/08/52 | 0.450%(A) | 1 Day TONAR(2)(A) | (5,846) | (10,436) | (4,590) | |||||||
KRW | 979,000 | 09/10/28 | 2.043%(Q) | 3 Month KWCDC(2)(Q) | (24,939) | (36,395) | (11,456) | |||||||
KRW | 118,000 | 02/13/29 | 1.780%(Q) | 3 Month KWCDC(2)(Q) | — | (6,105) | (6,105) | |||||||
KRW | 33,500 | 04/17/29 | 1.740%(Q) | 3 Month KWCDC(2)(Q) | — | (1,848) | (1,848) | |||||||
KRW | 470,000 | 04/27/30 | 1.065%(Q) | 3 Month KWCDC(2)(Q) | (10,401) | (46,299) | (35,898) | |||||||
NOK | 1,680 | 03/15/27 | 2.103%(A) | 6 Month NIBOR(2)(S) | 3,672 | (6,159) | (9,831) | |||||||
NZD | 100 | 11/05/29 | 1.393%(S) | 3 Month BBR(2)(Q) | — | (8,810) | (8,810) | |||||||
PLN | 890 | 07/11/28 | 2.935%(A) | 6 Month WIBOR(2)(S) | 18,336 | (24,345) | (42,681) | |||||||
PLN | 760 | 08/30/31 | 1.765%(A) | 6 Month WIBOR(2)(S) | — | (39,521) | (39,521) | |||||||
SEK | 2,200 | 11/05/29 | 0.457%(A) | 3 Month STIBOR(2)(Q) | (3,639) | (26,162) | (22,523) | |||||||
SGD | 165 | 07/29/31 | 1.120%(S) | 1 Day SORA(2)(S) | 1,039 | (15,747) | (16,786) | |||||||
THB | 6,000 | 07/04/24 | 1.590%(Q) | 1 Day THOR(2)(Q) | — | (923) | (923) | |||||||
THB | 3,000 | 07/03/30 | 1.028%(Q) | 1 Day THOR(2)(Q) | — | (7,901) | (7,901) | |||||||
2,000 | 08/31/22 | 2.550%(A) | 1 Day USOIS(1)(A) | — | (40,135) | (40,135) | ||||||||
2,180 | 11/09/22 | 0.061%(A) | 1 Day SOFR(1)(A) | — | 21,977 | 21,977 | ||||||||
493 | 08/15/28 | 1.220%(A) | 1 Day SOFR(1)(A) | — | 30,961 | 30,961 | ||||||||
$(84,979) | $(1,017,693) | $(932,714) |
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 | 3,000 | 10/14/31 | 2.675%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | $3,422 | $— | $3,422 | Standard Chartered Bank |
47
PGIM Global Total Return (USD Hedged) 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 | 450 | 04/09/26 | 2.625%(Q) | 3 Month KLIBOR(2)(Q) | $(2,809) | $(8) | $(2,801) | Morgan Stanley & Co. International PLC | |||||||
MYR | 900 | 08/12/26 | 2.605%(Q) | 3 Month KLIBOR(2)(Q) | (6,141) | (12) | (6,129) | HSBC Bank PLC | |||||||
MYR | 200 | 07/11/29 | 3.528%(Q) | 3 Month KLIBOR(2)(Q) | (109) | — | (109) | Morgan Stanley & Co. International PLC | |||||||
MYR | 200 | 04/07/32 | 3.870%(Q) | 3 Month KLIBOR(2)(Q) | 898 | (2) | 900 | Citibank, N.A. | |||||||
MYR | 230 | 07/12/32 | 3.650%(Q) | 3 Month KLIBOR(2)(Q) | 7 | (1) | 8 | Goldman Sachs International | |||||||
THB | 1,000 | 05/07/25 | 0.795%(S) | 6 Month THBFIX(2)(S) | (910) | — | (910) | HSBC Bank PLC | |||||||
$(5,642) | $(23) | $(5,619) |
(1) | The Fund pays the fixed rate and receives the floating rate. |
(2) | The Fund pays the floating rate and receives the fixed rate. |
Other information regarding the Fund is available in the Funds’ most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
48