PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Long-Term Investments 96.7% | |||||
Asset-Backed Securities 11.4% | |||||
Canada 0.1% | |||||
Fairstone Financial Issuance Trust, Series 2020-01A, Class A, 144A | 2.509 % | 10/20/39 | CAD | 1,500 | $1,065,811 |
Ford Auto Securitization Trust, | |||||
Series 2020-AA, Class B, 144A | 1.872 | 06/15/26 | CAD | 400 | 283,164 |
Series 2020-AA, Class C, 144A | 2.763 | 04/15/28 | CAD | 500 | 356,616 |
1,705,591 | |||||
Cayman Islands 3.3% | |||||
Battalion CLO Ltd., Series 2015-08A, Class A1R2, 144A, 3 Month LIBOR + 1.070% (Cap N/A, Floor 1.070%) | 5.865(c) | 07/18/30 | 5,389 | 5,323,558 | |
Carlyle CLO Ltd., Series C17A, Class A1AR, 144A, 3 Month LIBOR + 1.030% (Cap N/A, Floor 0.000%) | 5.832(c) | 04/30/31 | 15,000 | 14,830,224 | |
Carlyle US CLO Ltd., Series 2018-01A, Class A1, 144A, 3 Month LIBOR + 1.020% (Cap N/A, Floor 0.000%) | 5.828(c) | 04/20/31 | 12,500 | 12,303,050 | |
Elevation CLO Ltd., Series 2017-06A, Class A1, 144A, 3 Month LIBOR + 1.280% (Cap N/A, Floor 1.280%) | 6.072(c) | 07/15/29 | 359 | 355,396 | |
MidOcean Credit CLO, | |||||
Series 2016-05A, Class AR, 144A, 3 Month LIBOR + 1.120% (Cap N/A, Floor 0.000%) | 5.918(c) | 07/19/28 | 888 | 882,282 | |
Series 2018-08A, Class B, 144A, 3 Month LIBOR + 1.650% (Cap N/A, Floor 0.000%) | 6.325(c) | 02/20/31 | 2,000 | 1,932,373 | |
Series 2018-09A, Class A1, 144A, 3 Month LIBOR + 1.150% (Cap N/A, Floor 1.150%) | 5.958(c) | 07/20/31 | 2,000 | 1,976,484 | |
Mountain View CLO Ltd., | |||||
Series 2015-09A, Class A2R, 144A, 3 Month LIBOR + 1.780% (Cap N/A, Floor 0.000%) | 6.572(c) | 07/15/31 | 5,750 | 5,536,397 | |
Series 2019-01A, Class A1R, 144A, 3 Month LIBOR + 1.250% (Cap N/A, Floor 1.250%) | 6.042(c) | 10/15/34 | 15,000 | 14,747,401 | |
OZLM Ltd., | |||||
Series 2014-06A, Class A2AS, 144A, 3 Month LIBOR + 1.750% (Cap N/A, Floor 0.000%) | 6.542(c) | 04/17/31 | 2,000 | 1,939,767 | |
Series 2018-20A, Class A1, 144A, 3 Month LIBOR + 1.050% (Cap N/A, Floor 1.050%) | 5.858(c) | 04/20/31 | 5,000 | 4,945,870 | |
Race Point CLO Ltd., Series 2013-08A, Class AR2, 144A, 3 Month LIBOR + 1.040% (Cap N/A, Floor 1.040%) | 5.715(c) | 02/20/30 | 8,099 | 8,031,911 |
1
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Asset-Backed Securities (Continued) | |||||
Cayman Islands (cont’d.) | |||||
Shackleton CLO Ltd., | |||||
Series 2014-05RA, Class A, 144A, 3 Month LIBOR + 1.100% (Cap N/A, Floor 0.000%) | 5.632 %(c) | 05/07/31 | 5,000 | $4,942,498 | |
Series 2014-05RA, Class B, 144A, 3 Month LIBOR + 1.700% (Cap N/A, Floor 0.000%) | 6.232(c) | 05/07/31 | 6,500 | 6,260,000 | |
Series 2017-10A, Class BR, 144A, 3 Month LIBOR + 1.550% (Cap N/A, Floor 0.000%) | 6.358(c) | 04/20/29 | 10,000 | 9,712,512 | |
Voya CLO Ltd., Series 2013-02A, Class A1R, 144A, 3 Month SOFR + 1.232% (Cap N/A, Floor 0.970%) | 5.891(c) | 04/25/31 | 4,500 | 4,466,244 | |
Zais CLO Ltd., | |||||
Series 2015-03A, Class A2R, 144A, 3 Month LIBOR + 2.190% (Cap N/A, Floor 0.000%) | 6.982(c) | 07/15/31 | 8,500 | 8,130,760 | |
Series 2017-02A, Class A, 144A, 3 Month LIBOR + 1.290% (Cap N/A, Floor 0.000%) | 6.082(c) | 04/15/30 | 608 | 601,427 | |
106,918,154 | |||||
Ireland 5.9% | |||||
Anchorage Capital Europe CLO DAC, Series 04A, Class A, 144A, 3 Month EURIBOR + 0.870% (Cap N/A, Floor 0.870%) | 3.319(c) | 04/25/34 | EUR | 4,000 | 4,229,657 |
Ares European CLO DAC, Series 2013-06A, Class B1RR, 144A, 3 Month EURIBOR + 1.250% (Cap N/A, Floor 1.250%) | 3.538(c) | 04/15/30 | EUR | 8,000 | 8,370,326 |
Armada Euro CLO DAC, Series 02A, Class A3, 144A | 1.500 | 11/15/31 | EUR | 1,487 | 1,538,788 |
BNPP AM Euro CLO DAC, Series 2018-01A, Class AR, 144A, 3 Month EURIBOR + 0.600% (Cap N/A, Floor 0.600%) | 2.888(c) | 04/15/31 | EUR | 10,000 | 10,636,963 |
Bosphorus CLO DAC, Series 06A, Class A, 144A, 3 Month EURIBOR + 0.850% (Cap N/A, Floor 0.850%) | 2.748(c) | 05/25/34 | EUR | 20,000 | 21,133,157 |
Capital Four CLO DAC, Series 02A, Class A, 144A, 3 Month EURIBOR + 1.050% (Cap N/A, Floor 1.050%) | 3.338(c) | 01/15/34 | EUR | 23,000 | 24,499,350 |
Carlyle Euro CLO DAC, | |||||
Series 2017-02A, Class AA2R, 144A, 3 Month EURIBOR + 1.300% (Cap N/A, Floor 1.300%) | 3.098(c) | 08/15/30 | EUR | 9,500 | 9,949,056 |
Series 2019-01A, Class A1R, 144A, 3 Month EURIBOR + 0.750% (Cap N/A, Floor 0.750%) | 2.796(c) | 03/15/32 | EUR | 20,000 | 21,354,472 |
2
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Asset-Backed Securities (Continued) | |||||
Ireland (cont’d.) | |||||
CIFC European Funding CLO DAC, | |||||
Series 03A, Class A, 144A, 3 Month EURIBOR + 1.050% (Cap N/A, Floor 1.050%) | 3.338 %(c) | 01/15/34 | EUR | 15,000 | $15,956,701 |
Series 03A, Class B2, 144A | 2.000 | 01/15/34 | EUR | 11,500 | 10,275,666 |
Hayfin Emerald CLO DAC, Series 05A, Class A, 144A, 3 Month EURIBOR + 1.100% (Cap N/A, Floor 1.100%) | 2.895(c) | 11/17/32 | EUR | 18,500 | 19,814,670 |
Henley CLO DAC, Series 04A, Class A, 144A, 3 Month EURIBOR + 0.900% (Cap N/A, Floor 0.900%) | 3.349(c) | 04/25/34 | EUR | 5,000 | 5,303,195 |
Invesco Euro CLO DAC, Series 01A, Class A2R, 144A | 0.800 | 07/15/31 | EUR | 30,000 | 30,152,001 |
OAK Hill European Credit Partners DAC, Series 2017-06A, Class A2, 144A | 1.150 | 01/20/32 | EUR | 2,778 | 2,856,792 |
Providus CLO DAC, Series 02A, Class B1R, 144A, 3 Month EURIBOR + 1.650% (Cap N/A, Floor 1.650%) | 3.938(c) | 07/15/31 | EUR | 7,500 | 7,870,510 |
Rathlin Residential DAC, Series 2021-01A, Class A, 144A, 1 Month EURIBOR + 2.000% | 3.895(c) | 09/27/75 | EUR | 1,125 | 1,146,493 |
195,087,797 | |||||
Spain 0.1% | |||||
LSF11 Boson Investments Sarl Compartment 2, Series 2021-NPLA, Class A1, 144A, 3 Month EURIBOR + 2.000% (Cap 3.000%, Floor 0.000%) | 3.898(c) | 11/25/60 | EUR | 1,241 | 1,280,090 |
TFS, | |||||
Series 2018-03, Class A1^ | 0.000(s) | 04/16/40 | EUR | —(r) | 4,528 |
Series 2018-03, Class A1, 1 Month EURIBOR + 3.000%^ | 4.918(c) | 04/16/23 | EUR | 3,376 | 3,478,957 |
4,763,575 | |||||
United Kingdom 0.2% | |||||
Newday Funding Master Issuer PLC, | |||||
Series 2021-01A, Class A1, 144A, SONIA + 0.970% (Cap N/A, Floor 0.000%) | 4.402(c) | 03/15/29 | GBP | 2,500 | 3,051,387 |
Series 2021-01A, Class A2, 144A, SOFR + 1.100% (Cap N/A, Floor 0.000%) | 5.409(c) | 03/15/29 | 3,500 | 3,462,025 | |
6,513,412 |
3
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Asset-Backed Securities (Continued) | |||||
United States 1.8% | |||||
Ameriquest Mortgage Securities, Inc., Asset-Backed Pass-Through Certificates, | |||||
Series 2002-02, Class M3, 1 Month LIBOR + 2.655% (Cap N/A, Floor 2.655%) | 5.138 %(c) | 08/25/32 | 198 | $193,467 | |
Series 2002-03, Class M3, 1 Month LIBOR + 2.850% (Cap N/A, Floor 2.850%) | 7.356(c) | 08/25/32 | 115 | 111,372 | |
Chase Funding Trust, Series 2003-04, Class 2A2, 1 Month LIBOR + 0.600% (Cap N/A, Floor 0.600%) | 5.106(c) | 05/25/33 | 496 | 481,206 | |
Commonbond Student Loan Trust, Series 2020-AGS, Class A, 144A | 1.980 | 08/25/50 | 2,028 | 1,783,489 | |
EquiFirst Mortgage Loan Trust, Series 2004-01, Class 1A1, 1 Month LIBOR + 0.480% (Cap N/A, Floor 0.480%) | 4.986(c) | 01/25/34 | 428 | 407,815 | |
Exeter Automobile Receivables Trust, Series 2022-01A, Class E, 144A | 5.020 | 10/15/29 | 4,500 | 3,677,668 | |
Ford Credit Auto Owner Trust, Series 2020-02, Class C, 144A | 1.740 | 04/15/33 | 1,300 | 1,143,183 | |
JPMorgan Chase Bank, NA, | |||||
Series 2020-01, Class R, 144A | 33.784 | 01/25/28 | 1,182 | 1,358,297 | |
Series 2020-02, Class E, 144A | 3.072 | 02/25/28 | 761 | 748,251 | |
Series 2020-02, Class R, 144A | 31.355 | 02/25/28 | 560 | 628,137 | |
Series 2021-01, Class E, 144A | 2.365 | 09/25/28 | 203 | 196,156 | |
Series 2021-01, Class F, 144A | 4.280 | 09/25/28 | 600 | 547,155 | |
Series 2021-01, Class R, 144A | 28.348 | 09/25/28 | 1,896 | 1,946,044 | |
Series 2021-02, Class F, 144A | 4.393 | 12/26/28 | 600 | 539,590 | |
Series 2021-03, Class F, 144A | 3.694 | 02/26/29 | 600 | 521,336 | |
Laurel Road Prime Student Loan Trust, | |||||
Series 2018-A, Class A, 144A | 0.000 | 02/25/43 | 3,430 | 795,845 | |
Series 2018-C, Class A, 144A | 0.000(cc) | 08/25/43 | 805 | 757,392 | |
Series 2019-A, Class R, 144A | 0.000 | 10/25/48 | 2,035 | 440,652 | |
Lending Funding Trust, Series 2020-02A, Class A, 144A | 2.320 | 04/21/31 | 1,100 | 976,767 | |
Lendmark Funding Trust, | |||||
Series 2019-02A, Class A, 144A | 2.780 | 04/20/28 | 1,577 | 1,543,015 | |
Series 2021-01A, Class D, 144A | 5.050 | 11/20/31 | 1,900 | 1,534,020 | |
Long Beach Mortgage Loan Trust, Series 2004-03, Class M1, 1 Month LIBOR + 0.855% (Cap N/A, Floor 0.855%) | 5.361(c) | 07/25/34 | 105 | 100,945 | |
Mariner Finance Issuance Trust, Series 2020-AA, Class A, 144A | 2.190 | 08/21/34 | 1,800 | 1,725,598 |
4
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Asset-Backed Securities (Continued) | |||||
United States (cont’d.) | |||||
MASTR Asset-Backed Securities Trust, Series 2004-WMC02, Class M1, 1 Month LIBOR + 0.900% (Cap N/A, Floor 0.900%) | 5.406 %(c) | 04/25/34 | 922 | $887,045 | |
Merrill Lynch Mortgage Investors Trust, Series 2004-HE02, Class M1, 1 Month LIBOR + 1.200% (Cap N/A, Floor 1.200%) | 5.706(c) | 08/25/35 | 18 | 17,931 | |
Morgan Stanley ABS Capital I, Inc. Trust, Series 2003-NC08, Class M1, 1 Month LIBOR + 1.050% (Cap N/A, Floor 1.050%) | 5.556(c) | 09/25/33 | 70 | 69,255 | |
Morgan Stanley Dean Witter Capital I, Inc. Trust, Series 2002-AM03, Class A3, 1 Month LIBOR + 0.980% (Cap N/A, Floor 0.980%) | 5.486(c) | 02/25/33 | 100 | 97,950 | |
Navient Private Education Refi Loan Trust, | |||||
Series 2020-GA, Class B, 144A | 2.500 | 09/16/69 | 2,000 | 1,557,919 | |
Series 2021-A, Class B, 144A | 2.240 | 05/15/69 | 1,850 | 1,358,666 | |
OneMain Direct Auto Receivables Trust, Series 2019-01A, Class B, 144A | 3.950 | 11/14/28 | 1,300 | 1,232,442 | |
Oportun Funding XIII LLC, | |||||
Series 2019-A, Class B, 144A | 3.870 | 08/08/25 | 2,744 | 2,672,332 | |
Series 2019-A, Class D, 144A | 6.220 | 08/08/25 | 2,244 | 2,114,844 | |
Oportun Funding XIV LLC, Series 2021-A, Class C, 144A | 3.440 | 03/08/28 | 1,200 | 1,114,967 | |
PNMAC FMSR Issuer Trust, Series 2018-FT01, Class A, 144A, 1 Month LIBOR + 2.350% (Cap N/A, Floor 0.000%) | 6.856(c) | 04/25/23 | 4,290 | 4,178,868 | |
Santander Bank Auto Credit-Linked Notes, Series 2022-A, Class C, 144A | 7.375 | 05/15/32 | 1,821 | 1,780,285 | |
Santander Bank, NA, Series 2021-01A, Class D, 144A | 5.004 | 12/15/31 | 1,300 | 1,202,760 | |
Santander Consumer Auto Receivables Trust, | |||||
Series 2021-AA, Class D, 144A | 1.570 | 01/15/27 | 850 | 777,991 | |
Series 2021-AA, Class R, 144A | 0.000 | 08/15/28 | 6 | 360,133 | |
Silver Creek CLO Ltd., Series 2014-01A, Class AR, 144A, 3 Month LIBOR + 1.240% (Cap N/A, Floor 0.000%) | 6.048(c) | 07/20/30 | 362 | 357,910 | |
SoFi Professional Loan Program LLC, Series 2019-C, Class BFX, 144A | 3.050 | 11/16/48 | 2,100 | 1,768,816 | |
SoFi RR Funding II Trust, Series 2019-01, Class A, 144A, 1 Month LIBOR + 2.250% (Cap N/A, Floor 1.250%) | 6.756(c) | 11/29/24 | 468 | 467,703 |
5
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Asset-Backed Securities (Continued) | |||||
United States (cont’d.) | |||||
SoFi RR Funding III Trust, Series 2020-01, Class A, 144A, 1 Month LIBOR + 2.250% (Cap N/A, Floor 1.250%) | 6.756 %(c) | 11/29/24 | 2,207 | $2,206,771 | |
TH MSR Issuer Trust, Series 2019-FT01, Class A, 144A, 1 Month LIBOR + 2.800% (Cap N/A, Floor 2.800%) | 7.306(c) | 06/25/24 | 9,330 | 8,798,797 | |
Wellfleet CLO Ltd., Series 2017-03A, Class A1, 144A, 3 Month LIBOR + 1.150% (Cap N/A, Floor 1.150%) | 5.942(c) | 01/17/31 | 2,500 | 2,472,841 | |
57,653,626 | |||||
Total Asset-Backed Securities (cost $411,154,261) | 372,642,155 | ||||
Commercial Mortgage-Backed Securities 7.5% | |||||
Canada 0.1% | |||||
Real Estate Asset Liquidity Trust, Series 2020-01A, Class A1, 144A | 2.381(cc) | 02/12/55 | CAD | 1,709 | 1,192,820 |
United Kingdom 0.7% | |||||
Taurus DAC, | |||||
Series 2021-UK1A, Class D, 144A, SONIA + 2.600% (Cap N/A, Floor 2.600%) | 5.850(c) | 05/17/31 | GBP | 546 | 619,568 |
Series 2021-UK4A, Class B, 144A, SONIA + 1.500% (Cap N/A, Floor 1.500%) | 4.750(c) | 08/17/31 | GBP | 5,049 | 5,866,130 |
Series 2021-UK4A, Class C, 144A, SONIA + 1.750% (Cap N/A, Floor 1.750%) | 5.000(c) | 08/17/31 | GBP | 8,288 | 9,419,490 |
Series 2021-UK4A, Class D, 144A, SONIA + 2.100% (Cap N/A, Floor 2.100%) | 5.350(c) | 08/17/31 | GBP | 6,897 | 7,468,367 |
23,373,555 | |||||
United States 6.7% | |||||
20 Times Square Trust, | |||||
Series 2018-20TS, Class G, 144A (original cost $909,111; purchased 05/09/18)(f) | 3.100(cc) | 05/15/35 | 1,000 | 800,912 | |
Series 2018-20TS, Class H, 144A (original cost $885,052; purchased 05/09/18)(f) | 3.100(cc) | 05/15/35 | 1,000 | 746,013 | |
BANK, | |||||
Series 2017-BNK05, Class A3 | 3.020 | 06/15/60 | 3,248 | 3,142,108 | |
Series 2019-BN21, Class A3 | 2.458 | 10/17/52 | 2,974 | 2,894,596 |
6
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Commercial Mortgage-Backed Securities (Continued) | |||||
United States (cont’d.) | |||||
Benchmark Mortgage Trust, Series 2020-B17, Class A4 | 2.042 % | 03/15/53 | 6,200 | $5,216,454 | |
BX Commercial Mortgage Trust, | |||||
Series 2019-XL, Class F, 144A, 1 Month SOFR + 2.114% (Cap N/A, Floor 2.114%) | 6.593(c) | 10/15/36 | 2,805 | 2,741,605 | |
Series 2019-XL, Class G, 144A, 1 Month SOFR + 2.414% (Cap N/A, Floor 2.414%) | 6.893(c) | 10/15/36 | 7,416 | 7,216,366 | |
Series 2019-XL, Class J, 144A, 1 Month SOFR + 2.764% (Cap N/A, Floor 2.764%) | 7.243(c) | 10/15/36 | 22,142 | 21,419,323 | |
Cantor Commercial Real Estate Lending, Series 2019-CF02, Class A3 | 2.647 | 11/15/52 | 16,531 | 15,548,882 | |
CF Mortgage Trust, Series 2020-P01, Class A1, 144A | 2.840(cc) | 04/15/25 | 9,335 | 8,922,980 | |
Citigroup Commercial Mortgage Trust, | |||||
Series 2014-GC21, Class XB, IO | 0.435(cc) | 05/10/47 | 27,500 | 150,023 | |
Series 2016-GC37, Class XB, IO | 0.682(cc) | 04/10/49 | 33,868 | 636,529 | |
Series 2016-P04, Class XB, IO | 1.315(cc) | 07/10/49 | 9,100 | 354,884 | |
Series 2017-P08, Class A2 | 3.109 | 09/15/50 | 1,767 | 1,699,636 | |
Cold Storage Trust, Series 2020-ICE05, Class E, 144A, 1 Month LIBOR + 2.766% (Cap N/A, Floor 2.766%) | 7.225(c) | 11/15/37 | 4,399 | 4,288,670 | |
Commercial Mortgage Trust, Series 2014-UBS04, Class XB, IO, 144A | 0.216(cc) | 08/10/47 | 50,000 | 141,355 | |
Credit Suisse Mortgage Capital Certificates, Series 2019-ICE04, Class E, 144A, 1 Month LIBOR + 2.150% (Cap N/A, Floor 2.150%) | 6.609(c) | 05/15/36 | 14,125 | 13,876,328 | |
CSAIL Commercial Mortgage Trust, Series 2018-CX11, Class A3 | 4.095 | 04/15/51 | 1,533 | 1,508,999 | |
DBWF Mortgage Trust, Series 2016-85T, Class E, 144A | 3.808(cc) | 12/10/36 | 3,000 | 2,311,812 | |
Deutsche Bank Commercial Mortgage Trust, Series 2016-C03, Class A3 | 2.362 | 08/10/49 | 165 | 161,406 | |
Eleven Madison Mortgage Trust, Series 2015-11MD, Class C, 144A | 3.555(cc) | 09/10/35 | 500 | 453,001 | |
ELP Commercial Mortgage Trust, Series 2021-ELP, Class F, 144A, 1 Month LIBOR + 2.667% (Cap N/A, Floor 2.667%) | 7.127(c) | 11/15/38 | 23,600 | 22,477,747 | |
FHLMC Multifamily Structured Pass-Through Certificates, | |||||
Series K037, Class X1, IO | 0.909(cc) | 01/25/24 | 9,679 | 61,828 | |
Series K043, Class X1, IO | 0.509(cc) | 12/25/24 | 11,563 | 99,774 | |
Series K049, Class X1, IO | 0.565(cc) | 07/25/25 | 37,687 | 428,065 |
7
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Commercial Mortgage-Backed Securities (Continued) | |||||
United States (cont’d.) | |||||
FHLMC Multifamily Structured Pass-Through Certificates, (cont’d.) | |||||
Series K052, Class X1, IO | 0.636 %(cc) | 11/25/25 | 11,513 | $163,297 | |
Series K053, Class X1, IO | 0.877(cc) | 12/25/25 | 43,844 | 887,393 | |
Series K054, Class X1, IO | 1.156(cc) | 01/25/26 | 29,482 | 819,048 | |
Series K058, Class X1, IO | 0.915(cc) | 08/25/26 | 39,670 | 1,058,760 | |
Series K090, Class X1, IO | 0.707(cc) | 02/25/29 | 22,891 | 834,898 | |
Series K111, Class X1, IO | 1.572(cc) | 05/25/30 | 29,295 | 2,606,333 | |
Series K113, Class X1, IO | 1.380(cc) | 06/25/30 | 118,509 | 9,320,134 | |
Series K114, Class X1, IO | 1.116(cc) | 06/25/30 | 75,271 | 4,879,679 | |
Series K116, Class X1, IO | 1.425(cc) | 07/25/30 | 49,041 | 3,965,580 | |
Series K121, Class X1, IO | 1.024(cc) | 10/25/30 | 126,628 | 7,553,696 | |
Series KG03, Class X1, IO | 1.379(cc) | 06/25/30 | 101,531 | 7,836,795 | |
Series Q001, Class XA, IO | 2.115(cc) | 02/25/32 | 5,773 | 600,593 | |
Greystone Commercial Capital Trust, Series 2021-03, Class A, 144A, 1 Month LIBOR + 2.230% (Cap N/A, Floor 2.230%) | 6.684(c) | 08/01/23 | 17,250 | 16,777,559 | |
GS Mortgage Securities Corp. Trust, | |||||
Series 2021-RENT, Class C, 144A, 1 Month LIBOR + 1.550% (Cap N/A, Floor 1.550%) | 6.058(c) | 11/21/35 | 7,700 | 7,062,933 | |
Series 2021-RENT, Class D, 144A, 1 Month LIBOR + 1.850% (Cap N/A, Floor 1.850%) | 6.358(c) | 11/21/35 | 4,454 | 4,026,326 | |
GS Mortgage Securities Trust, | |||||
Series 2014-GC20, Class XB, IO | 0.472(cc) | 04/10/47 | 30,000 | 131,928 | |
Series 2014-GC22, Class XB, IO | 0.295(cc) | 06/10/47 | 35,000 | 155,253 | |
Series 2014-GC24, Class XB, IO | 0.021(cc) | 09/10/47 | 83,262 | 20,999 | |
Series 2014-GC26, Class XB, IO | 0.306(cc) | 11/10/47 | 56,483 | 302,613 | |
JPMBB Commercial Mortgage Securities Trust, Series 2016-C01, Class A3 | 3.515 | 03/17/49 | 95 | 94,737 | |
JPMCC Commercial Mortgage Securities Trust, Series 2017-JP06, Class A3 | 3.109 | 07/15/50 | 2,240 | 2,167,771 | |
JPMDB Commercial Mortgage Securities Trust, Series 2020-COR07, Class A4 | 1.915 | 05/13/53 | 5,000 | 4,052,778 | |
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2018-AON, Class E, 144A | 4.613(cc) | 07/05/31 | 5,564 | 4,098,732 | |
MKT Mortgage Trust, Series 2020-525M, Class F, 144A | 2.941(cc) | 02/12/40 | 3,775 | 2,107,202 | |
Morgan Stanley Capital I Trust, | |||||
Series 2019-MEAD, Class E, 144A | 3.177(cc) | 11/10/36 | 1,700 | 1,432,501 | |
Series 2020-HR08, Class XB, IO | 0.877(cc) | 07/15/53 | 54,413 | 2,946,954 |
8
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Commercial Mortgage-Backed Securities (Continued) | |||||
United States (cont’d.) | |||||
One New York Plaza Trust, | |||||
Series 2020-01NYP, Class C, 144A, 1 Month LIBOR + 2.200% (Cap N/A, Floor 2.200%) | 6.659 %(c) | 01/15/36 | 8,475 | $7,820,316 | |
Series 2020-01NYP, Class D, 144A, 1 Month LIBOR + 2.750% (Cap N/A, Floor 2.750%) | 7.209(c) | 01/15/36 | 2,975 | 2,632,628 | |
UBS-Barclays Commercial Mortgage Trust, Series 2012-C02, Class XA, IO, 144A | 0.601(cc) | 05/10/63 | 648 | 6 | |
Wells Fargo Commercial Mortgage Trust, | |||||
Series 2016-C35, Class XB, IO | 0.927(cc) | 07/15/48 | 24,000 | 652,745 | |
Series 2016-LC24, Class XB, IO | 0.977(cc) | 10/15/49 | 20,910 | 637,782 | |
Series 2021-FCMT, Class B, 144A, 1 Month LIBOR + 1.850% (Cap N/A, Floor 1.850%) | 6.309(c) | 05/15/31 | 1,800 | 1,692,055 | |
Series 2021-FCMT, Class C, 144A, 1 Month LIBOR + 2.400% (Cap N/A, Floor 2.400%) | 6.859(c) | 05/15/31 | 1,700 | 1,577,892 | |
Series 2021-FCMT, Class D, 144A, 1 Month LIBOR + 3.500% (Cap N/A, Floor 3.500%) | 7.959(c) | 05/15/31 | 2,200 | 1,983,697 | |
220,200,909 | |||||
Total Commercial Mortgage-Backed Securities (cost $266,946,721) | 244,767,284 | ||||
Corporate Bonds 45.2% | |||||
Australia 0.1% | |||||
Australia & New Zealand Banking Group Ltd., Sr. Unsec’d. Notes, EMTN | 3.700 | 03/18/24 | CNH | 2,000 | 295,483 |
Westpac Banking Corp., Sr. Unsec’d. Notes, EMTN | 4.420 | 08/14/23 | CNH | 21,000 | 3,127,469 |
3,422,952 | |||||
Belgium 0.3% | |||||
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc., Gtd. Notes | 4.900 | 02/01/46 | 7,380 | 7,138,904 | |
Anheuser-Busch InBev Worldwide, Inc., Gtd. Notes | 5.550 | 01/23/49 | 3,800 | 4,073,603 | |
11,212,507 |
9
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Brazil 0.8% | |||||
Petrobras Global Finance BV, | |||||
Gtd. Notes | 5.375 % | 10/01/29 | GBP | 7,984 | $8,740,650 |
Gtd. Notes | 6.625 | 01/16/34 | GBP | 9,480 | 10,265,205 |
Gtd. Notes, EMTN | 6.250 | 12/14/26 | GBP | 4,500 | 5,448,311 |
Suzano Austria GmbH, Gtd. Notes | 6.000 | 01/15/29 | 200 | 201,750 | |
Swiss Insured Brazil Power Finance Sarl, Sr. Sec’d. Notes | 9.850 | 07/16/32 | BRL | 19,205 | 3,309,157 |
27,965,073 | |||||
Bulgaria 0.4% | |||||
Bulgarian Energy Holding EAD, Sr. Unsec’d. Notes | 2.450 | 07/22/28 | EUR | 14,580 | 12,871,716 |
Canada 0.8% | |||||
Barrick North America Finance LLC, Gtd. Notes | 5.700 | 05/30/41 | 45 | 48,472 | |
Barrick PD Australia Finance Pty Ltd., Gtd. Notes | 5.950 | 10/15/39 | 50 | 54,523 | |
Bombardier, Inc., | |||||
Sr. Unsec’d. Notes, 144A | 7.125 | 06/15/26 | 3,900 | 3,885,375 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 12/01/24 | 1,667 | 1,699,340 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 02/01/29 | 375 | 373,594 | |
Sr. Unsec’d. Notes, 144A(a) | 7.875 | 04/15/27 | 2,535 | 2,535,000 | |
Brookfield Residential Properties, Inc./Brookfield Residential US LLC, | |||||
Gtd. Notes, 144A | 4.875 | 02/15/30 | 2,320 | 1,794,520 | |
Gtd. Notes, 144A | 6.250 | 09/15/27 | 2,175 | 1,929,290 | |
Sr. Unsec’d. Notes, 144A | 5.000 | 06/15/29 | 1,675 | 1,323,250 | |
Cenovus Energy, Inc., | |||||
Sr. Unsec’d. Notes | 2.650 | 01/15/32 | 1,340 | 1,114,168 | |
Sr. Unsec’d. Notes | 3.750 | 02/15/52 | 955 | 724,810 | |
Hydro-Quebec, Local Gov’t. Gtd. Notes, Series HQ | 9.500 | 11/15/30 | 800 | 1,072,509 | |
MEG Energy Corp., Gtd. Notes, 144A(a) | 7.125 | 02/01/27 | 1,225 | 1,252,869 | |
Methanex Corp., Sr. Unsec’d. Notes | 4.250 | 12/01/24 | 1,500 | 1,442,820 | |
Ontario Teachers’ Cadillac Fairview Properties Trust, Sr. Unsec’d. Notes, 144A | 2.500 | 10/15/31 | 1,775 | 1,388,088 |
10
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Canada (cont’d.) | |||||
Rogers Communications, Inc., Gtd. Notes | 3.250 % | 05/01/29 | CAD | 700 | $484,339 |
Teck Resources Ltd., | |||||
Sr. Unsec’d. Notes | 5.400 | 02/01/43 | 1,403 | 1,344,120 | |
Sr. Unsec’d. Notes | 6.000 | 08/15/40 | 4,142 | 4,210,110 | |
26,677,197 | |||||
China 0.8% | |||||
Agricultural Development Bank of China, Sr. Unsec’d. Notes | 3.800 | 10/27/30 | CNH | 55,000 | 8,351,246 |
Aircraft Finance Co. Ltd., | |||||
Sr. Sec’d. Notes, Series B | 4.100 | 03/29/26 | 1,465 | 1,426,037 | |
Sr. Sec’d. Notes, Series C | 3.955 | 03/29/23 | 4,129 | 4,121,007 | |
China Development Bank, | |||||
Sr. Unsec’d. Notes | 4.300 | 08/02/32 | CNH | 25,000 | 3,938,498 |
Sr. Unsec’d. Notes, EMTN | 4.350 | 08/06/24 | CNH | 4,700 | 711,090 |
Sr. Unsec’d. Notes, EMTN | 4.350 | 09/19/24 | CNH | 8,990 | 1,362,397 |
Unsec’d. Notes | 4.200 | 01/19/27 | CNH | 16,000 | 2,465,000 |
NXP BV/NXP Funding LLC/NXP USA, Inc., | |||||
Gtd. Notes | 3.150 | 05/01/27 | 575 | 532,749 | |
Gtd. Notes | 3.400 | 05/01/30 | 725 | 646,896 | |
State Grid Overseas Investment BVI Ltd., Gtd. Notes, EMTN | 0.797 | 08/05/26 | EUR | 3,830 | 3,690,935 |
27,245,855 | |||||
Denmark 0.2% | |||||
Danske Bank A/S, | |||||
Sr. Unsec’d. Notes, 144A(a) | 1.621(ff) | 09/11/26 | 4,645 | 4,189,014 | |
Sr. Unsec’d. Notes, 144A | 3.244(ff) | 12/20/25 | 1,095 | 1,042,948 | |
5,231,962 | |||||
France 3.1% | |||||
Altice France SA, Sr. Sec’d. Notes(a) | 3.375 | 01/15/28 | EUR | 8,475 | 7,209,997 |
Banque Federative du Credit Mutuel SA, Sr. Unsec’d. Notes, Series 19 | 0.999 | 10/15/25 | JPY | 200,000 | 1,540,641 |
BNP Paribas SA, | |||||
Sr. Unsec’d. Notes, 144A | 1.323(ff) | 01/13/27 | 3,400 | 3,040,496 | |
Sr. Unsec’d. Notes, 144A | 2.159(ff) | 09/15/29 | 21,167 | 17,975,184 | |
Sr. Unsec’d. Notes, 144A | 2.591(ff) | 01/20/28 | 3,605 | 3,259,439 |
11
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
France (cont’d.) | |||||
BNP Paribas SA, (cont’d.) | |||||
Sr. Unsec’d. Notes, 144A | 2.871 %(ff) | 04/19/32 | 5,220 | $4,362,037 | |
Sr. Unsec’d. Notes, EMTN | 6.420 | 09/11/23 | MXN | 250 | 12,776 |
Sub. Notes, EMTN | 4.625 | 03/09/27 | AUD | 370 | 249,476 |
BPCE SA, | |||||
Sr. Unsec’d. Notes, EMTN | 0.562 | 06/24/24 | JPY | 100,000 | 762,578 |
Sr. Unsec’d. Notes, Series 03 | 0.989 | 07/12/28 | JPY | 300,000 | 2,194,339 |
Sr. Unsec’d. Notes, Series 05 | 0.530(ff) | 12/10/26 | JPY | 500,000 | 3,729,797 |
Sub. Notes, Series 01 | 2.047 | 01/30/25 | JPY | 100,000 | 772,481 |
Credit Agricole Assurances SA, Sub. Notes | 4.250(ff) | 01/13/25(oo) | EUR | 2,000 | 2,137,870 |
Credit Agricole Corporate & Investment Bank SA, Sr. Unsec’d. Notes, EMTN | 2.670 | 02/20/24 | NZD | 1,400 | 874,418 |
Credit Agricole SA, | |||||
Sr. Unsec’d. Notes, 144A | 1.247(ff) | 01/26/27 | 2,545 | 2,268,904 | |
Sr. Unsec’d. Notes, Series 04 | 0.959 | 06/08/28 | JPY | 400,000 | 2,946,099 |
Sr. Unsec’d. Notes, Series 07 | 1.248(ff) | 06/04/26 | JPY | 600,000 | 4,605,554 |
Sub. Notes, EMTN | 4.200(ff) | 05/29/34 | AUD | 400 | 250,500 |
Iliad Holding SASU, Sr. Sec’d. Notes, 144A | 5.125 | 10/15/26 | EUR | 6,850 | 7,075,522 |
Loxam SAS, Sr. Sub. Notes | 4.500 | 04/15/27 | EUR | 1,900 | 1,808,589 |
SNCF Reseau, Sr. Unsec’d. Notes, Series MPLE | 4.700 | 06/01/35 | CAD | 6,400 | 5,132,121 |
Societe Generale SA, | |||||
Sr. Unsec’d. Notes, 144A | 2.889(ff) | 06/09/32 | 1,685 | 1,372,324 | |
Sr. Unsec’d. Notes, 144A | 3.337(ff) | 01/21/33 | 4,915 | 4,091,902 | |
Sr. Unsec’d. Notes, 144A, MTN | 2.625 | 01/22/25 | 20,885 | 19,822,175 | |
Sr. Unsec’d. Notes, 144A, MTN | 3.875 | 03/28/24 | 3,130 | 3,071,437 | |
Sub. Notes, EMTN | 5.000 | 05/19/27 | AUD | 220 | 147,494 |
Sub. Notes, EMTN | 5.000(ff) | 07/20/28 | AUD | 1,006 | 703,978 |
101,418,128 | |||||
Germany 0.4% | |||||
Deutsche Bahn Finance GMBH, Gtd. Notes, MTN | 1.987 | 07/08/30 | AUD | 1,000 | 561,813 |
Deutsche Bank AG, | |||||
Sr. Unsec’d. Notes(a) | 2.129(ff) | 11/24/26 | 3,760 | 3,389,071 | |
Sub. Notes, EMTN | 3.662(ff) | 04/10/25 | CNH | 53,000 | 7,689,062 |
11,639,946 |
12
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Hong Kong 0.3% | |||||
HKT Capital No. 3 Ltd., Gtd. Notes | 1.650 % | 04/10/27 | EUR | 9,200 | $8,797,666 |
Sun Hung Kai Properties Capital Market Ltd., | |||||
Gtd. Notes, EMTN | 3.160 | 01/25/28 | CNH | 4,000 | 569,991 |
Gtd. Notes, EMTN | 3.200 | 08/14/27 | CNH | 3,000 | 432,734 |
9,800,391 | |||||
Hungary 0.1% | |||||
MFB Magyar Fejlesztesi Bank Zrt, Gov’t. Gtd. Notes | 1.375 | 06/24/25 | EUR | 3,470 | 3,437,609 |
Iceland 0.2% | |||||
Landsvirkjun, Gov’t. Gtd. Notes, EMTN, 3 Month EURIBOR + 0.090% | 2.507(c) | 07/24/26 | EUR | 5,000 | 5,224,139 |
India 0.4% | |||||
NTPC Ltd., Sr. Unsec’d. Notes, EMTN | 2.750 | 02/01/27 | EUR | 12,000 | 12,008,659 |
Power Finance Corp. Ltd., Sr. Unsec’d. Notes, GMTN | 1.841 | 09/21/28 | EUR | 3,100 | 2,718,881 |
14,727,540 | |||||
Indonesia 0.3% | |||||
Freeport Indonesia PT, | |||||
Sr. Unsec’d. Notes, 144A, MTN | 4.763 | 04/14/27 | 600 | 582,066 | |
Sr. Unsec’d. Notes, 144A, MTN | 5.315 | 04/14/32 | 1,890 | 1,790,983 | |
Perusahaan Listrik Negara PT, | |||||
Sr. Unsec’d. Notes | 2.875 | 10/25/25 | EUR | 2,400 | 2,524,036 |
Sr. Unsec’d. Notes, 144A | 1.875 | 11/05/31 | EUR | 6,900 | 5,503,167 |
Sr. Unsec’d. Notes, 144A | 2.875 | 10/25/25 | EUR | 900 | 946,514 |
11,346,766 | |||||
Israel 0.6% | |||||
Energean Israel Finance Ltd., Sr. Sec’d. Notes, 144A | 4.500 | 03/30/24 | 654 | 636,833 | |
Israel Electric Corp. Ltd., | |||||
Sec’d. Notes, 144A, GMTN | 3.750 | 02/22/32 | 600 | 532,800 | |
Sr. Sec’d. Notes | 7.875 | 12/15/26 | 5,500 | 5,942,750 |
13
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Israel (cont’d.) | |||||
Israel Electric Corp. Ltd., (cont’d.) | |||||
Sr. Sec’d. Notes, EMTN | 3.700 % | 05/23/30 | JPY | 200,000 | $1,753,063 |
Sr. Sec’d. Notes, EMTN | 7.750 | 12/15/27 | 9,500 | 10,395,375 | |
19,260,821 | |||||
Italy 0.3% | |||||
Intesa Sanpaolo SpA, Sub. Notes, 144A | 4.198(ff) | 06/01/32 | 1,430 | 1,131,419 | |
UniCredit SpA, Sr. Unsec’d. Notes, 144A | 1.982(ff) | 06/03/27 | 8,485 | 7,470,897 | |
8,602,316 | |||||
Jamaica 0.2% | |||||
Digicel International Finance Ltd./Digicel International Holdings Ltd., | |||||
Gtd. Notes, 144A (original cost $1,071,125; purchased 04/16/21)(f) | 8.000 | 12/31/26 | 1,100 | 472,863 | |
Gtd. Notes, 144A, Cash coupon 6.000% and PIK 7.000% (original cost $1,165,022; purchased 01/05/21 - 12/15/22)(f) | 13.000 | 12/31/25 | 1,148 | 573,761 | |
Sr. Sec’d. Notes, 144A (original cost $787,500; purchased 01/05/21)(f) | 8.750 | 05/25/24 | 750 | 644,203 | |
Sr. Sec’d. Notes, 144A (original cost $7,519,688; purchased 07/30/20 - 01/14/21)(f) | 8.750 | 05/25/24 | 7,250 | 6,231,828 | |
7,922,655 | |||||
Japan 0.2% | |||||
Nomura Holdings, Inc., | |||||
Sr. Unsec’d. Notes | 2.608 | 07/14/31 | 2,070 | 1,670,233 | |
Sr. Unsec’d. Notes | 2.999 | 01/22/32 | 7,475 | 6,162,793 | |
7,833,026 | |||||
Kazakhstan 0.3% | |||||
Kazakhstan Temir Zholy National Co. JSC, Gtd. Notes | 3.250 | 12/05/23 | CHF | 8,500 | 8,918,965 |
14
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Luxembourg 0.4% | |||||
ARD Finance SA, Sr. Sec’d. Notes, Cash coupon 5.000% or PIK 5.750% | 5.000 % | 06/30/27 | EUR | 1,752 | $1,435,780 |
Blackstone Property Partners Europe Holdings Sarl, | |||||
Sr. Unsec’d. Notes, EMTN | 1.000 | 05/04/28 | EUR | 9,850 | 8,243,357 |
Sr. Unsec’d. Notes, EMTN | 1.625 | 04/20/30 | EUR | 2,400 | 1,915,591 |
Codere New Holdco SA, Sr. Sec’d. Notes, 144A, Cash coupon N/A or PIK 7.500% (original cost $618,818; purchased 11/19/21 - 10/31/22)(f) | 7.500 | 11/30/27(d) | EUR | 473 | 250,890 |
11,845,618 | |||||
Malta 0.1% | |||||
Freeport Terminal Malta PLC, Gov’t. Gtd. Notes, 144A | 7.250 | 05/15/28 | 3,000 | 3,385,860 | |
Mexico 1.4% | |||||
Comision Federal de Electricidad, Sr. Unsec’d. Notes | 5.000 | 09/29/36 | 11,220 | 9,088,200 | |
Petroleos Mexicanos, | |||||
Gtd. Notes | 3.625 | 11/24/25 | EUR | 9,375 | 9,518,720 |
Gtd. Notes | 6.500 | 01/23/29 | 500 | 451,525 | |
Gtd. Notes | 9.500 | 09/15/27 | 2,000 | 2,043,125 | |
Gtd. Notes, EMTN | 3.750 | 11/16/25 | GBP | 140 | 156,882 |
Gtd. Notes, EMTN | 4.875 | 02/21/28 | EUR | 25,400 | 24,141,198 |
U.S. Gov’t. Gtd. Notes, 3 Month LIBOR + 0.430% | 5.036(c) | 02/15/24 | 938 | 935,976 | |
46,335,626 | |||||
Netherlands 1.1% | |||||
ABN AMRO Bank NV, Sub. Notes, 144A | 4.750 | 07/28/25 | 500 | 490,091 | |
Cooperatieve Rabobank UA, | |||||
Sr. Unsec’d. Notes, EMTN | 2.750 | 03/04/24 | NZD | 376 | 235,397 |
Sr. Unsec’d. Notes, GMTN | 9.298(s) | 03/11/39 | MXN | 22,000 | 193,486 |
Sr. Unsec’d. Notes, GMTN | 3.500 | 12/14/26 | AUD | 2,882 | 1,900,734 |
Sub. Notes, Series 01 | 1.429 | 12/19/24 | JPY | 300,000 | 2,326,464 |
OCI NV, Sr. Sec’d. Notes, 144A | 3.625 | 10/15/25 | EUR | 8,370 | 8,978,923 |
TMNL Holding BV, Sr. Sec’d. Notes, 144A | 3.750 | 01/15/29 | EUR | 2,300 | 2,221,929 |
15
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Netherlands (cont’d.) | |||||
United Group BV, | |||||
Sr. Sec’d. Notes | 4.875 % | 07/01/24 | EUR | 300 | $314,817 |
Sr. Sec’d. Notes, 144A | 3.125 | 02/15/26 | EUR | 3,800 | 3,545,199 |
Sr. Sec’d. Notes, 144A | 5.250 | 02/01/30 | EUR | 11,575 | 9,959,247 |
Ziggo Bond Co. BV, Gtd. Notes, 144A | 3.375 | 02/28/30 | EUR | 6,000 | 5,032,421 |
35,198,708 | |||||
Norway 0.1% | |||||
Equinor ASA, Gtd. Notes | 6.800 | 01/15/28 | 2,265 | 2,472,616 | |
Peru 0.0% | |||||
Lima Metro Line 2 Finance Ltd., Sr. Sec’d. Notes | 5.875 | 07/05/34 | 93 | 90,867 | |
Peru Enhanced Pass-Through Finance Ltd., Pass-Through Certificates | 2.246(s) | 06/02/25 | 634 | 587,042 | |
677,909 | |||||
Philippines 0.1% | |||||
Bangko Sentral ng Pilipinas International Bond, Sr. Unsec’d. Notes, Series A | 8.600 | 06/15/27 | 3,560 | 4,021,874 | |
Poland 0.2% | |||||
Bank Gospodarstwa Krajowego, | |||||
Gov’t. Gtd. Notes | 1.375 | 06/01/25 | EUR | 500 | 508,005 |
Gov’t. Gtd. Notes | 1.625 | 04/30/28 | EUR | 600 | 561,907 |
Gov’t. Gtd. Notes, EMTN | 1.750 | 05/06/26 | EUR | 4,700 | 4,719,359 |
5,789,271 | |||||
Qatar 0.1% | |||||
QNB Finance Ltd., | |||||
Gtd. Notes, EMTN | 3.500 | 03/09/26 | CNH | 7,400 | 1,070,427 |
Gtd. Notes, MTN | 4.900 | 02/01/28 | AUD | 940 | 654,500 |
1,724,927 | |||||
Russia 0.9% | |||||
Gazprom PJSC Via Gaz Capital SA, | |||||
Sr. Unsec’d. Notes | 1.450 | 03/06/23(d) | CHF | 11,325 | 9,958,083 |
16
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Russia (cont’d.) | |||||
Gazprom PJSC Via Gaz Capital SA, (cont’d.) | |||||
Sr. Unsec’d. Notes | 2.500 % | 03/21/26(d) | EUR | 3,500 | $2,882,307 |
Sr. Unsec’d. Notes | 4.250 | 04/06/24 | GBP | 7,927 | 6,840,961 |
Sr. Unsec’d. Notes, EMTN | 4.364 | 03/21/25(d) | EUR | 4,000 | 3,326,679 |
Gazprom PJSC via Gaz Finance PLC, | |||||
Sr. Unsec’d. Notes | 3.000 | 06/29/27(d) | 1,410 | 965,850 | |
Sr. Unsec’d. Notes, EMTN | 1.540 | 06/30/27 | CHF | 6,000 | 4,096,122 |
28,070,002 | |||||
South Africa 0.4% | |||||
Eskom Holdings SOC Ltd., | |||||
Gov’t. Gtd. Notes, 144A, MTN | 6.350 | 08/10/28 | 1,350 | 1,290,938 | |
Gov’t. Gtd. Notes, MTN | 6.350 | 08/10/28 | 12,000 | 11,475,000 | |
12,765,938 | |||||
South Korea 0.6% | |||||
Korea Development Bank (The), | |||||
Sr. Unsec’d. Notes, EMTN | 1.830 | 08/10/27 | SEK | 74,000 | 6,695,716 |
Sr. Unsec’d. Notes, EMTN | 6.000 | 01/22/25 | IDR | 15,000,000 | 988,972 |
Korea Expressway Corp., | |||||
Sr. Unsec’d. Notes, GMTN | 2.310 | 04/28/32 | SEK | 80,000 | 6,877,498 |
Sr. Unsec’d. Notes, GMTN | 3.030 | 05/11/32 | CAD | 7,500 | 5,242,817 |
19,805,003 | |||||
Spain 0.7% | |||||
Banco Santander SA, | |||||
Sr. Unsec’d. Notes | 3.306 | 06/27/29 | 1,600 | 1,446,462 | |
Sub. Notes | 2.749 | 12/03/30 | 600 | 483,263 | |
Cellnex Finance Co. SA, Gtd. Notes, EMTN | 2.000 | 02/15/33 | EUR | 11,900 | 10,072,396 |
Codere Finance 2 Luxembourg SA, | |||||
Sr. Sec’d. Notes, 144A, Cash coupon 8.000% and PIK 3.000% (original cost $1,288,015; purchased 07/24/20 - 09/30/22)(f) | 11.000 | 09/30/26(d) | EUR | 1,126 | 1,093,992 |
Sr. Sec’d. Notes, 144A, Cash coupon 2.000% and PIK 11.625% (original cost $400,554; purchased 10/31/19 - 10/31/22)(f) | 13.625 | 11/30/27(d) | 453 | 247,420 |
17
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Spain (cont’d.) | |||||
Lorca Telecom Bondco SA, Sr. Sec’d. Notes, 144A | 4.000 % | 09/18/27 | EUR | 10,300 | $10,250,201 |
23,593,734 | |||||
Supranational Bank 0.6% | |||||
African Development Bank, | |||||
Sr. Unsec’d. Notes, EMTN | 0.500 | 03/13/23 | MXN | 20,000 | 1,051,705 |
Sr. Unsec’d. Notes, EMTN | 0.500 | 09/07/32 | MXN | 64,600 | 1,430,459 |
African Export-Import Bank (The), Sr. Unsec’d. Notes | 3.798 | 05/17/31 | 300 | 255,000 | |
Asian Infrastructure Investment Bank (The), Sr. Unsec’d. Notes, EMTN^ | 0.375 | 09/09/25 | THB | 72,000 | 2,108,285 |
European Investment Bank, | |||||
Sr. Unsec’d. Notes, 144A, EMTN | 5.400 | 01/05/45 | CAD | 4,200 | 3,818,211 |
Sr. Unsec’d. Notes, EMTN | 1.000 | 02/25/28 | PLN | 3,985 | 701,434 |
Sr. Unsec’d. Notes, EMTN | 1.500 | 11/21/26 | 500 | 448,550 | |
Sr. Unsec’d. Notes, EMTN | 6.270 | 08/28/24 | IDR | 10,000,000 | 668,800 |
Inter-American Development Bank, Sr. Unsec’d. Notes, GMTN | 7.500 | 12/05/24 | MXN | 600 | 30,137 |
International Bank for Reconstruction & Development, | |||||
Notes, MTN | 0.887(s) | 03/01/26 | 1,350 | 1,181,818 | |
Sr. Unsec’d. Notes, EMTN | 1.928(s) | 04/23/32 | AUD | 8,758 | 4,008,501 |
Sr. Unsec’d. Notes, EMTN, 3 Month LIBOR + 0.000% (Cap 1.820%, Floor 0.000%) | 1.820(c) | 08/11/26 | 72 | 65,264 | |
Sr. Unsec’d. Notes, EMTN | 6.630 | 07/24/28 | MXN | 33,700 | 1,545,765 |
Sr. Unsec’d. Notes, MTN, 3 Month LIBOR + 0.000% (Cap 2.330%, Floor 0.000%) | 1.598(c) | 05/31/26 | 4 | 3,705 | |
Sr. Unsec’d. Notes, MTN | 2.700 | 12/28/37 | 300 | 242,315 | |
International Finance Corp., | |||||
Sr. Unsec’d. Notes, GMTN | 7.020 | 04/06/28 | MXN | 44,300 | 2,137,310 |
Sr. Unsec’d. Notes, GMTN | 8.215(s) | 01/27/37 | MXN | 78,000 | 1,152,654 |
20,849,913 | |||||
Switzerland 0.8% | |||||
Credit Suisse Group AG, | |||||
Sr. Unsec’d. Notes, 144A | 1.305(ff) | 02/02/27 | 6,440 | 5,343,718 | |
Sr. Unsec’d. Notes, 144A | 2.593(ff) | 09/11/25 | 1,390 | 1,270,789 | |
Sr. Unsec’d. Notes, 144A | 3.869(ff) | 01/12/29 | 900 | 771,127 | |
Sr. Unsec’d. Notes, 144A | 4.207(ff) | 06/12/24 | 2,850 | 2,803,334 |
18
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Switzerland (cont’d.) | |||||
Credit Suisse Group AG, (cont’d.) | |||||
Sr. Unsec’d. Notes, 144A | 4.282 % | 01/09/28 | 2,075 | $1,823,689 | |
Sr. Unsec’d. Notes, EMTN | 3.500(ff) | 03/08/24 | AUD | 750 | 526,396 |
UBS Group AG, | |||||
Sr. Unsec’d. Notes, 144A | 1.494(ff) | 08/10/27 | 13,125 | 11,522,319 | |
Sr. Unsec’d. Notes, 144A | 4.125 | 09/24/25 | 2,500 | 2,444,556 | |
26,505,928 | |||||
Ukraine 0.0% | |||||
NAK Naftogaz Ukraine via Kondor Finance PLC, Sr. Unsec’d. Notes | 7.125 | 07/19/24(d) | EUR | 1,100 | 239,173 |
United Arab Emirates 0.4% | |||||
ADCB Finance Cayman Ltd., Gtd. Notes, MTN | 4.500 | 10/25/27 | AUD | 2,370 | 1,650,176 |
DP World Ltd., | |||||
Sr. Unsec’d. Notes | 2.375 | 09/25/26 | EUR | 3,212 | 3,317,329 |
Sr. Unsec’d. Notes | 4.250 | 09/25/30 | GBP | 4,500 | 5,180,282 |
Sr. Unsec’d. Notes, 144A | 4.250 | 09/25/30 | GBP | 1,840 | 2,114,158 |
First Abu Dhabi Bank PJSC, | |||||
Sr. Unsec’d. Notes, EMTN | 0.875 | 12/09/25 | GBP | 1,883 | 2,074,802 |
Sr. Unsec’d. Notes, EMTN | 3.500 | 07/02/25 | CNH | 2,170 | 316,050 |
14,652,797 | |||||
United Kingdom 3.2% | |||||
Barclays Bank PLC, Sr. Unsec’d. Notes, EMTN | 2.100 | 11/13/25 | CNH | 18,000 | 2,518,223 |
Barclays PLC, | |||||
Sr. Unsec’d. Notes, MTN | 3.250 | 06/26/24 | AUD | 1,750 | 1,201,654 |
Sr. Unsec’d. Notes, MTN | 5.244 | 06/15/28 | AUD | 1,000 | 678,278 |
Sr. Unsec’d. Notes, Series 01 | 1.232(ff) | 09/25/24 | JPY | 100,000 | 769,890 |
Sub. Notes(a) | 4.836 | 05/09/28 | 3,780 | 3,646,982 | |
Bellis Acquisition Co. PLC, Sr. Sec’d. Notes, 144A | 3.250 | 02/16/26 | GBP | 21,100 | 21,394,451 |
Bellis Finco PLC, Sr. Unsec’d. Notes, 144A | 4.000 | 02/16/27 | GBP | 6,700 | 5,964,202 |
BP Capital Markets PLC, Gtd. Notes | 4.375(ff) | 06/22/25(oo) | 14,500 | 14,096,755 | |
Constellation Automotive Financing PLC, Sr. Sec’d. Notes | 4.875 | 07/15/27 | GBP | 5,000 | 4,326,543 |
19
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United Kingdom (cont’d.) | |||||
eG Global Finance PLC, Sr. Sec’d. Notes | 6.250 % | 10/30/25 | EUR | 5,845 | $5,663,812 |
HSBC Bank PLC, Sr. Unsec’d. Notes, 144A, EMTN | 3.120 | 04/04/26 | CNH | 36,800 | 5,301,394 |
HSBC Holdings PLC, | |||||
Sr. Unsec’d. Notes | 2.206(ff) | 08/17/29 | 4,300 | 3,634,322 | |
Sr. Unsec’d. Notes | 3.973(ff) | 05/22/30 | 2,400 | 2,216,690 | |
Sr. Unsec’d. Notes, Series 02 | 0.842 | 09/26/23 | JPY | 700,000 | 5,368,715 |
Sr. Unsec’d. Notes, Series 04 | 0.575(ff) | 09/13/24 | JPY | 100,000 | 765,279 |
Kane Bidco Ltd., Sr. Sec’d. Notes, 144A | 6.500 | 02/15/27 | GBP | 8,325 | 8,933,494 |
Lloyds Bank PLC, Sr. Unsec’d. Notes, EMTN | 0.000 | 04/02/32 | 1,200 | 756,720 | |
Lloyds Banking Group PLC, Sub. Notes | 4.582 | 12/10/25 | 2,250 | 2,202,682 | |
Market Bidco Finco PLC, Sr. Sec’d. Notes, 144A | 5.500 | 11/04/27 | GBP | 5,319 | 5,079,462 |
Tesco Corporate Treasury Services PLC, Gtd. Notes, EMTN(a) | 2.500 | 07/01/24 | EUR | 750 | 802,791 |
Virgin Media Secured Finance PLC, | |||||
Sr. Sec’d. Notes | 5.000 | 04/15/27 | GBP | 2,800 | 3,164,024 |
Sr. Sec’d. Notes, 144A | 5.000 | 04/15/27 | GBP | 5,900 | 6,667,051 |
105,153,414 | |||||
United States 24.3% | |||||
Aflac, Inc., | |||||
Sr. Unsec’d. Notes | 0.500 | 12/17/29 | JPY | 100,000 | 721,158 |
Sr. Unsec’d. Notes | 0.830 | 03/12/35 | JPY | 100,000 | 657,806 |
Sr. Unsec’d. Notes | 0.932 | 01/25/27 | JPY | 80,000 | 613,100 |
Sr. Unsec’d. Notes | 1.159 | 10/18/30 | JPY | 600,000 | 4,518,411 |
Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s LP/Albertson’s LLC, Gtd. Notes, 144A | 3.500 | 03/15/29 | 2,975 | 2,566,097 | |
Altria Group, Inc., Gtd. Notes | 3.125 | 06/15/31 | EUR | 2,900 | 2,665,574 |
AMC Entertainment Holdings, Inc., Sec’d. Notes, 144A, Cash coupon 10.000% or PIK 12.000% or Cash coupon 5.000% and PIK 6.000% | 10.000 | 06/15/26 | 903 | 454,730 | |
American International Group, Inc., Sr. Unsec’d. Notes | 1.875 | 06/21/27 | EUR | 2,100 | 2,102,723 |
20
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
AmeriGas Partners LP/AmeriGas Finance Corp., Sr. Unsec’d. Notes | 5.625 % | 05/20/24 | 1,475 | $1,453,112 | |
Antero Midstream Partners LP/Antero Midstream Finance Corp., Gtd. Notes, 144A | 7.875 | 05/15/26 | 3,550 | 3,642,532 | |
Ascent Resources Utica Holdings LLC/ARU Finance Corp., | |||||
Gtd. Notes, 144A | 7.000 | 11/01/26 | 575 | 550,053 | |
Gtd. Notes, 144A | 9.000 | 11/01/27 | 579 | 716,913 | |
Sr. Unsec’d. Notes, 144A | 8.250 | 12/31/28 | 1,825 | 1,797,853 | |
Ashton Woods USA LLC/Ashton Woods Finance Co., Sr. Unsec’d. Notes, 144A | 6.625 | 01/15/28 | 6,582 | 6,014,304 | |
AT&T, Inc., | |||||
Sr. Unsec’d. Notes | 2.550 | 12/01/33 | 97 | 78,361 | |
Sr. Unsec’d. Notes | 3.500 | 09/15/53 | 1,511 | 1,117,377 | |
Sr. Unsec’d. Notes, EMTN | 7.000 | 04/30/40 | GBP | 1,550 | 2,225,642 |
Sr. Unsec’d. Notes, Series MPLE | 4.850 | 05/25/47 | CAD | 150 | 103,717 |
Sr. Unsec’d. Notes, Series MPLE | 5.100 | 11/25/48 | CAD | 4,575 | 3,271,286 |
Bank of America Corp., | |||||
Sr. Unsec’d. Notes | 2.687(ff) | 04/22/32 | 13,060 | 11,042,611 | |
Sr. Unsec’d. Notes | 3.419(ff) | 12/20/28 | 4,519 | 4,228,467 | |
Sr. Unsec’d. Notes, MTN | 2.087(ff) | 06/14/29 | 25,850 | 22,506,422 | |
Sr. Unsec’d. Notes, MTN | 2.496(ff) | 02/13/31 | 2,755 | 2,346,580 | |
Sr. Unsec’d. Notes, MTN | 2.884(ff) | 10/22/30 | 4,865 | 4,263,924 | |
Sr. Unsec’d. Notes, MTN | 3.194(ff) | 07/23/30 | 5,140 | 4,605,996 | |
Sub. Notes | 6.800 | 03/15/28 | 377 | 407,946 | |
Sub. Notes, EMTN | 8.125 | 06/02/28 | GBP | 500 | 692,186 |
Bausch Health Americas, Inc., Gtd. Notes, 144A(a) | 8.500 | 01/31/27 | 1,550 | 817,429 | |
Bausch Health Cos., Inc., | |||||
Gtd. Notes, 144A | 5.000 | 01/30/28 | 2,590 | 1,155,522 | |
Gtd. Notes, 144A | 5.000 | 02/15/29 | 175 | 77,000 | |
Gtd. Notes, 144A(a) | 5.250 | 01/30/30 | 5,500 | 2,392,500 | |
Gtd. Notes, 144A(a) | 5.250 | 02/15/31 | 2,000 | 910,000 | |
Gtd. Notes, 144A | 6.250 | 02/15/29 | 400 | 183,000 | |
Beazer Homes USA, Inc., | |||||
Gtd. Notes(a) | 5.875 | 10/15/27 | 1,375 | 1,240,752 | |
Gtd. Notes | 6.750 | 03/15/25 | 2,075 | 2,034,628 | |
Gtd. Notes | 7.250 | 10/15/29 | 1,600 | 1,478,575 | |
Berkshire Hathaway, Inc., | |||||
Sr. Unsec’d. Notes | 0.440 | 09/13/29 | JPY | 1,640,000 | 11,841,603 |
Sr. Unsec’d. Notes | 0.787 | 09/13/34 | JPY | 100,000 | 674,907 |
21
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Berkshire Hathaway, Inc., (cont’d.) | |||||
Sr. Unsec’d. Notes | 0.965 % | 09/13/39 | JPY | 300,000 | $1,906,365 |
Boeing Co. (The), Sr. Unsec’d. Notes | 5.805 | 05/01/50 | 4,030 | 4,115,883 | |
Booking Holdings, Inc., Sr. Unsec’d. Notes | 4.500 | 11/15/31 | EUR | 5,300 | 6,008,135 |
Boxer Parent Co., Inc., Sr. Sec’d. Notes, 144A | 7.125 | 10/02/25 | 4,800 | 4,768,476 | |
Brixmor Operating Partnership LP, | |||||
Sr. Unsec’d. Notes | 2.500 | 08/16/31 | 1,880 | 1,510,556 | |
Sr. Unsec’d. Notes | 4.125 | 05/15/29 | 2,865 | 2,654,372 | |
Broadcom, Inc., | |||||
Gtd. Notes, 144A | 3.500 | 02/15/41 | 3,765 | 2,879,134 | |
Sr. Unsec’d. Notes, 144A | 3.137 | 11/15/35 | 4,626 | 3,591,183 | |
Sr. Unsec’d. Notes, 144A | 3.419 | 04/15/33 | 6,765 | 5,677,594 | |
Caesars Entertainment, Inc., | |||||
Sr. Sec’d. Notes, 144A | 6.250 | 07/01/25 | 2,660 | 2,650,042 | |
Sr. Unsec’d. Notes, 144A(a) | 4.625 | 10/15/29 | 525 | 448,487 | |
Caledonia Generating LLC, Sr. Sec’d. Notes, 144A | 1.950 | 02/28/34 | 2,461 | 2,168,935 | |
Calpine Corp., | |||||
Sr. Unsec’d. Notes, 144A | 4.625 | 02/01/29 | 2,770 | 2,407,383 | |
Sr. Unsec’d. Notes, 144A | 5.000 | 02/01/31 | 2,180 | 1,868,044 | |
Sr. Unsec’d. Notes, 144A | 5.125 | 03/15/28 | 5,000 | 4,526,019 | |
Cantor Fitzgerald LP, Sr. Unsec’d. Notes, 144A | 1.150 | 04/21/23 | JPY | 200,000 | 1,537,422 |
CCO Holdings LLC/CCO Holdings Capital Corp., | |||||
Sr. Unsec’d. Notes, 144A(a) | 4.250 | 02/01/31 | 9,500 | 7,912,456 | |
Sr. Unsec’d. Notes, 144A(a) | 4.500 | 06/01/33 | 2,675 | 2,173,578 | |
CDW LLC/CDW Finance Corp., Gtd. Notes | 2.670 | 12/01/26 | 7,675 | 6,908,598 | |
Central Garden & Pet Co., Gtd. Notes, 144A | 4.125 | 04/30/31 | 675 | 566,692 | |
CF Industries, Inc., | |||||
Gtd. Notes | 4.950 | 06/01/43 | 1,230 | 1,120,437 | |
Gtd. Notes | 5.375 | 03/15/44 | 3,560 | 3,415,262 | |
Gtd. Notes, 144A | 4.500 | 12/01/26 | 6,451 | 6,369,554 | |
Chart Industries, Inc., Sr. Sec’d. Notes, 144A | 7.500 | 01/01/30 | 600 | 612,910 | |
Charter Communications Operating LLC/Charter Communications Operating Capital, | |||||
Sr. Sec’d. Notes | 2.800 | 04/01/31 | 3,625 | 2,963,417 |
22
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Charter Communications Operating LLC/Charter Communications Operating Capital, (cont’d.) | |||||
Sr. Sec’d. Notes | 3.900 % | 06/01/52 | 3,365 | $2,288,849 | |
Sr. Sec’d. Notes | 4.800 | 03/01/50 | 5,250 | 4,123,678 | |
Sr. Sec’d. Notes | 6.384 | 10/23/35 | 2,357 | 2,401,409 | |
Chesapeake Energy Corp., | |||||
Gtd. Notes, 144A | 5.500 | 02/01/26 | 650 | 631,183 | |
Gtd. Notes, 144A | 5.875 | 02/01/29 | 600 | 574,782 | |
CitiFinancial Credit Co., Sr. Unsec’d. Notes | 7.875 | 02/01/25 | 662 | 694,639 | |
Citigroup Global Markets Holdings, Inc., Gtd. Notes, GMTN | 3.790 | 09/28/28 | HKD | 6,000 | 734,676 |
Citigroup, Inc., | |||||
Jr. Sub. Notes | 3.875(ff) | 02/18/26(oo) | 19,245 | 17,566,606 | |
Sr. Unsec’d. Notes | 2.520(ff) | 11/03/32 | 1,660 | 1,361,618 | |
Sr. Unsec’d. Notes | 2.561(ff) | 05/01/32 | 6,600 | 5,499,843 | |
Sr. Unsec’d. Notes | 2.800 | 06/25/27 | JPY | 770,000 | 6,380,769 |
Sr. Unsec’d. Notes, EMTN | 6.500 | 08/16/30 | GBP | 7 | 9,537 |
Sr. Unsec’d. Notes, GMTN | 0.620 | 09/21/27 | JPY | 100,000 | 737,759 |
Sr. Unsec’d. Notes, Series 18BR | 2.360 | 09/16/25 | JPY | 300,000 | 2,386,135 |
Corning, Inc., Sr. Unsec’d. Notes | 0.698 | 08/09/24 | JPY | 100,000 | 764,737 |
Dana, Inc., | |||||
Sr. Unsec’d. Notes | 4.500 | 02/15/32 | 4,025 | 3,393,278 | |
Sr. Unsec’d. Notes(a) | 5.375 | 11/15/27 | 2,625 | 2,505,003 | |
DaVita, Inc., | |||||
Gtd. Notes, 144A | 3.750 | 02/15/31 | 1,075 | 835,693 | |
Gtd. Notes, 144A | 4.625 | 06/01/30 | 1,175 | 989,905 | |
DH Europe Finance II Sarl, Gtd. Notes | 0.450 | 03/18/28 | EUR | 2,200 | 2,057,543 |
Diamond Sports Group LLC/Diamond Sports Finance Co., Gtd. Notes, 144A (original cost $3,451,125; purchased 07/18/19 - 02/27/20)(f) | 6.625 | 08/15/27 | 3,740 | 76,104 | |
Discovery Communications LLC, | |||||
Gtd. Notes | 3.450 | 03/15/25 | 2,500 | 2,410,032 | |
Gtd. Notes | 5.300 | 05/15/49 | 2,480 | 2,097,039 | |
DISH DBS Corp., Gtd. Notes | 7.750 | 07/01/26 | 4,950 | 4,015,570 | |
Diversified Healthcare Trust, Gtd. Notes | 9.750 | 06/15/25 | 1,376 | 1,350,376 | |
Dow Chemical Co. (The), Sr. Unsec’d. Notes | 9.400 | 05/15/39 | 88 | 122,578 |
23
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Energy Transfer LP, | |||||
Jr. Sub. Notes, Series G | 7.125 %(ff) | 05/15/30(oo) | 7,800 | $7,091,422 | |
Jr. Sub. Notes, Series H | 6.500(ff) | 11/15/26(oo) | 5,045 | 4,756,150 | |
Sr. Unsec’d. Notes | 5.400 | 10/01/47 | 2,200 | 2,024,305 | |
Sr. Unsec’d. Notes | 6.000 | 06/15/48 | 2,350 | 2,311,912 | |
ERAC USA Finance LLC, Gtd. Notes, 144A | 7.000 | 10/15/37 | 190 | 221,203 | |
Fidelity National Information Services, Inc., | |||||
Gtd. Notes | 1.100 | 07/15/24 | EUR | 2,300 | 2,416,552 |
Sr. Unsec’d. Notes | 1.500 | 05/21/27 | EUR | 5,600 | 5,586,114 |
Ford Motor Co., | |||||
Sr. Unsec’d. Notes | 4.750 | 01/15/43 | 5,000 | 3,904,959 | |
Sr. Unsec’d. Notes(a) | 5.291 | 12/08/46 | 3,000 | 2,485,571 | |
Ford Motor Credit Co. LLC, | |||||
Sr. Unsec’d. Notes | 4.134 | 08/04/25 | 200 | 191,023 | |
Sr. Unsec’d. Notes, EMTN | 3.683 | 12/03/24 | AUD | 500 | 339,034 |
Sr. Unsec’d. Notes, EMTN | 4.125 | 06/20/24 | SGD | 2,000 | 1,476,119 |
General Motors Co., | |||||
Sr. Unsec’d. Notes | 5.000 | 04/01/35 | 2,200 | 2,023,510 | |
Sr. Unsec’d. Notes | 5.400 | 04/01/48 | 2,050 | 1,812,348 | |
Sr. Unsec’d. Notes | 6.250 | 10/02/43 | 2,705 | 2,694,853 | |
General Motors Financial Co., Inc., Gtd. Notes | 3.850 | 01/05/28 | 2,900 | 2,718,098 | |
Golden Entertainment, Inc., Sr. Unsec’d. Notes, 144A | 7.625 | 04/15/26 | 1,000 | 1,006,056 | |
Goldman Sachs Group, Inc. (The), | |||||
Jr. Sub. Notes, Series U | 3.650(ff) | 08/10/26(oo) | 11,370 | 9,893,327 | |
Sr. Unsec’d. Notes | 1.992(ff) | 01/27/32 | 2,450 | 1,961,314 | |
Sr. Unsec’d. Notes | 2.383(ff) | 07/21/32 | 1,770 | 1,449,805 | |
Sr. Unsec’d. Notes | 2.615(ff) | 04/22/32 | 9,660 | 8,081,875 | |
Sr. Unsec’d. Notes | 4.500 | 05/16/28 | AUD | 210 | 140,632 |
Sr. Unsec’d. Notes, EMTN | 1.428(s) | 12/15/23 | EUR | 200 | 209,730 |
Sr. Unsec’d. Notes, EMTN, 6 Month EURIBOR + 0.000% (Cap 5.500%, Floor 0.000%) | 0.774(c) | 08/12/25 | EUR | 3,216 | 3,296,550 |
Sr. Unsec’d. Notes, EMTN | 1.000 | 08/06/24 | JPY | 100,000 | 778,666 |
Sr. Unsec’d. Notes, EMTN | 1.000 | 08/16/32 | JPY | 200,000 | 1,408,312 |
Sr. Unsec’d. Notes, EMTN | 1.300 | 03/22/30 | JPY | 10,000 | 74,765 |
Sr. Unsec’d. Notes, EMTN, EURIBOR ICE SWAP 11:00 Fft 10Y Index + 0.000% (Cap 7.000%, Floor N/A) | 2.399(c) | 06/30/25 | EUR | 2,227 | 2,393,241 |
Sr. Unsec’d. Notes, EMTN, 3 Month LIBOR + 0.000% (Cap N/A, Floor 0.000%) | 4.735(c) | 11/30/24 | 40 | 39,150 |
24
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Goldman Sachs Group, Inc. (The), (cont’d.) | |||||
Sr. Unsec’d. Notes, EMTN, EURIBOR ICE SWAP 11:00 Fft 20Y Index + 0.000% (Cap 12.000%, Floor 5.220%)^ | 5.220 %(c) | 08/24/30 | EUR | 5,000 | $5,619,478 |
Goldman Sachs International, Gtd. Notes, EMTN | 1.750 | 05/29/24 | EUR | 3,685 | 3,886,716 |
Greystone Commercial Capital Trust, Sr. Unsec’d. Notes, Series A, 144A, 1 Month LIBOR + 2.270%^ | 6.729(c) | 05/31/25 | 19,100 | 18,336,000 | |
HCA, Inc., | |||||
Gtd. Notes | 5.250 | 06/15/49 | 1,500 | 1,372,007 | |
Gtd. Notes | 5.625 | 09/01/28 | 700 | 711,735 | |
Gtd. Notes | 7.500 | 11/06/33 | 2,000 | 2,207,288 | |
Gtd. Notes, MTN | 7.750 | 07/15/36 | 2,000 | 2,255,272 | |
Honeywell International, Inc., Sr. Unsec’d. Notes | 0.750 | 03/10/32 | EUR | 3,000 | 2,582,689 |
Housing & Urban Development Corp. Ltd. AID Bond, U.S. Gov’t. Gtd. Notes, 6 Month LIBOR + 0.035% | 3.872(c) | 09/15/30 | 800 | 794,073 | |
Hunt Cos., Inc., Sr. Sec’d. Notes, 144A | 5.250 | 04/15/29 | 5,750 | 4,880,355 | |
International Game Technology PLC, Sr. Sec’d. Notes, 144A | 4.125 | 04/15/26 | 5,450 | 5,168,126 | |
IQVIA, Inc., Gtd. Notes, 144A | 2.250 | 01/15/28 | EUR | 1,800 | 1,700,603 |
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc., | |||||
Gtd. Notes, 144A | 5.125 | 02/01/28 | 1,373 | 1,345,265 | |
Sr. Unsec’d. Notes, 144A | 5.500 | 01/15/30 | 1,227 | 1,194,327 | |
Jefferies Financial Group, Inc., Sr. Unsec’d. Notes | 2.750 | 10/15/32 | 9,275 | 7,402,564 | |
John Sevier Combined Cycle Generation LLC, Sec’d. Notes | 4.626 | 01/15/42 | 3,803 | 3,746,550 | |
JPMorgan Chase & Co., | |||||
Jr. Sub. Notes, Series HH | 4.600(ff) | 02/01/25(oo) | 23,506 | 22,044,244 | |
Sr. Unsec’d. Notes | 1.953(ff) | 02/04/32 | 13,490 | 10,840,791 | |
Sr. Unsec’d. Notes | 2.525(ff) | 11/19/41 | 6,200 | 4,453,295 | |
Sr. Unsec’d. Notes | 2.545(ff) | 11/08/32 | 8,945 | 7,428,643 | |
Sr. Unsec’d. Notes | 2.580(ff) | 04/22/32 | 7,590 | 6,394,086 | |
Sr. Unsec’d. Notes | 3.509(ff) | 01/23/29 | 3,200 | 2,998,447 | |
Sr. Unsec’d. Notes | 3.702(ff) | 05/06/30 | 1,590 | 1,480,202 | |
JPMorgan Chase Bank, NA, Sr. Unsec’d. Notes | 4.762(s) | 03/17/48 | ITL(jj) | 29,800,000 | 3,849,232 |
25
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
KB Home, Gtd. Notes(a) | 6.875 % | 06/15/27 | 1,650 | $1,686,920 | |
Kimco Realty OP LLC, Gtd. Notes | 2.250 | 12/01/31 | 4,160 | 3,347,539 | |
Kraft Heinz Foods Co., Gtd. Notes | 4.875 | 10/01/49 | 15 | 14,034 | |
Lamb Weston Holdings, Inc., Gtd. Notes, 144A(a) | 4.375 | 01/31/32 | 1,725 | 1,543,680 | |
Legacy LifePoint Health LLC, Sr. Sec’d. Notes, 144A | 4.375 | 02/15/27 | 75 | 65,569 | |
Level 3 Financing, Inc., Sr. Sec’d. Notes, 144A | 3.400 | 03/01/27 | 4,042 | 3,500,870 | |
Liberty Mutual Group, Inc., | |||||
Gtd. Notes | 2.750 | 05/04/26 | EUR | 1,000 | 1,044,467 |
Gtd. Notes, 144A | 3.951 | 10/15/50 | 90 | 69,983 | |
LifePoint Health, Inc., Gtd. Notes, 144A | 5.375 | 01/15/29 | 3,000 | 2,009,941 | |
Marathon Petroleum Corp., Sr. Unsec’d. Notes | 6.500 | 03/01/41 | 9,050 | 9,910,229 | |
Marriott International, Inc., Sr. Unsec’d. Notes, Series HH | 2.850 | 04/15/31 | 9,115 | 7,782,588 | |
Medline Borrower LP, | |||||
Sr. Sec’d. Notes, 144A | 3.875 | 04/01/29 | 5,450 | 4,663,233 | |
Sr. Unsec’d. Notes, 144A | 5.250 | 10/01/29 | 550 | 461,572 | |
Medtronic Global Holdings SCA, | |||||
Gtd. Notes | 1.500 | 07/02/39 | EUR | 500 | 383,886 |
Gtd. Notes | 1.625 | 03/07/31 | EUR | 2,500 | 2,370,738 |
Gtd. Notes | 1.750 | 07/02/49 | EUR | 2,100 | 1,455,206 |
Gtd. Notes | 2.250 | 03/07/39 | EUR | 1,910 | 1,669,123 |
MetLife, Inc., Sr. Unsec’d. Notes | 0.769 | 05/23/29 | JPY | 600,000 | 4,406,668 |
Morgan Guaranty Trust Co., Sr. Unsec’d. Notes | 1.146(s) | 01/21/27 | ITL(jj) | 2,275,000 | 1,069,279 |
Morgan Stanley, | |||||
Sr. Unsec’d. Notes | 0.406(ff) | 10/29/27 | EUR | 10,000 | 9,532,005 |
Sr. Unsec’d. Notes, EMTN | 0.000 | 04/02/32 | 17,400 | 10,396,500 | |
Sr. Unsec’d. Notes, EMTN | 0.500(cc) | 06/26/43 | MXN | 16,700 | 147,722 |
Sr. Unsec’d. Notes, EMTN | 0.500(cc) | 09/25/43 | MXN | 33,900 | 295,830 |
Sr. Unsec’d. Notes, EMTN | 5.632(s) | 10/05/26 | IDR | 2,000,000 | 101,984 |
Sr. Unsec’d. Notes, EMTN | 7.118(s) | 06/28/27 | MXN | 27,000 | 911,145 |
Sr. Unsec’d. Notes, EMTN | 7.500 | 12/15/27 | MXN | 33,300 | 1,565,487 |
Sr. Unsec’d. Notes, EMTN | 7.926(s) | 04/05/32 | MXN | 71,000 | 1,466,930 |
26
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Morgan Stanley, (cont’d.) | |||||
Sr. Unsec’d. Notes, EMTN | 7.950 %(s) | 11/07/31 | MXN | 56,000 | $1,219,822 |
Sr. Unsec’d. Notes, GMTN | 1.875 | 03/06/30 | EUR | 1,100 | 1,014,010 |
Sr. Unsec’d. Notes, MTN | 2.511(ff) | 10/20/32 | 4,320 | 3,569,425 | |
Sr. Unsec’d. Notes, MTN | 2.943(ff) | 01/21/33 | 2,950 | 2,514,977 | |
MPLX LP, | |||||
Sr. Unsec’d. Notes | 4.000 | 03/15/28 | 515 | 494,632 | |
Sr. Unsec’d. Notes | 4.125 | 03/01/27 | 2,000 | 1,940,439 | |
MPT Operating Partnership LP/MPT Finance Corp., Gtd. Notes | 3.325 | 03/24/25 | EUR | 1,700 | 1,610,131 |
Nationstar Mortgage Holdings, Inc., | |||||
Gtd. Notes, 144A | 5.500 | 08/15/28 | 2,490 | 2,175,314 | |
Gtd. Notes, 144A | 6.000 | 01/15/27 | 735 | 683,235 | |
Newell Brands, Inc., Sr. Unsec’d. Notes | 4.450 | 04/01/26 | 1,300 | 1,234,880 | |
NRG Energy, Inc., Sr. Sec’d. Notes, 144A | 3.750 | 06/15/24 | 5,600 | 5,443,480 | |
Occidental Petroleum Corp., Sr. Unsec’d. Notes | 6.450 | 09/15/36 | 35 | 36,826 | |
OneMain Finance Corp., Gtd. Notes(a) | 4.000 | 09/15/30 | 1,800 | 1,434,692 | |
ONEOK Partners LP, Gtd. Notes | 4.900 | 03/15/25 | 2,000 | 1,992,210 | |
ONEOK, Inc., | |||||
Gtd. Notes | 3.100 | 03/15/30 | 7,350 | 6,491,607 | |
Gtd. Notes | 4.450 | 09/01/49 | 2,000 | 1,625,415 | |
Organon & Co./Organon Foreign Debt Co-Issuer BV, | |||||
Sr. Sec’d. Notes, 144A | 4.125 | 04/30/28 | 800 | 725,964 | |
Sr. Unsec’d. Notes, 144A | 5.125 | 04/30/31 | 1,725 | 1,553,024 | |
Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC, Sr. Sec’d. Notes, 144A(a) | 4.000 | 10/15/27 | 1,217 | 1,093,277 | |
Paramount Global, Sr. Unsec’d. Notes | 4.375 | 03/15/43 | 1,089 | 803,603 | |
Pilgrim’s Pride Corp., Gtd. Notes, 144A(a) | 4.250 | 04/15/31 | 4,550 | 3,946,962 | |
Post Holdings, Inc., Sr. Unsec’d. Notes, 144A(a) | 4.500 | 09/15/31 | 2,325 | 2,005,267 | |
Prologis Yen Finance LLC, | |||||
Gtd. Notes | 0.885 | 06/27/36 | JPY | 200,000 | 1,297,829 |
Gtd. Notes | 0.972 | 09/25/28 | JPY | 700,000 | 5,231,319 |
Gtd. Notes | 1.003 | 06/24/32 | JPY | 1,500,000 | 10,562,081 |
27
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Prologis Yen Finance LLC, (cont’d.) | |||||
Gtd. Notes | 1.222 % | 06/22/35 | JPY | 200,000 | $1,349,680 |
Realty Income Corp., Sr. Unsec’d. Notes(h) | 2.200 | 06/15/28 | 480 | 425,632 | |
Sally Holdings LLC/Sally Capital, Inc., Gtd. Notes | 5.625 | 12/01/25 | 4,525 | 4,479,712 | |
Service Properties Trust, Sr. Unsec’d. Notes | 4.350 | 10/01/24 | 3,600 | 3,393,734 | |
Southaven Combined Cycle Generation LLC, Sec’d. Notes | 3.846 | 08/15/33 | 7 | 7,020 | |
Sprint Capital Corp., Gtd. Notes(a) | 8.750 | 03/15/32 | 1,985 | 2,450,841 | |
Sprint LLC, Gtd. Notes | 7.625 | 02/15/25 | 300 | 311,376 | |
Standard Industries, Inc., Sr. Unsec’d. Notes, 144A | 4.375 | 07/15/30 | 4,550 | 3,901,101 | |
Stellantis Finance US, Inc., Gtd. Notes, 144A | 2.691 | 09/15/31 | 3,645 | 2,936,530 | |
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., | |||||
Gtd. Notes, 144A | 5.500 | 01/15/28 | 2,625 | 2,419,194 | |
Gtd. Notes, 144A(a) | 6.000 | 12/31/30 | 1,700 | 1,548,434 | |
Gtd. Notes, 144A | 7.500 | 10/01/25 | 1,075 | 1,091,332 | |
Taylor Morrison Communities, Inc., | |||||
Gtd. Notes, 144A | 5.750 | 01/15/28 | 2,723 | 2,642,408 | |
Sr. Unsec’d. Notes, 144A | 5.125 | 08/01/30 | 375 | 342,786 | |
Tenet Healthcare Corp., | |||||
Gtd. Notes(a) | 6.125 | 10/01/28 | 1,000 | 931,308 | |
Sr. Sec’d. Notes | 4.250 | 06/01/29 | 500 | 444,861 | |
Sr. Sec’d. Notes(a) | 5.125 | 11/01/27 | 2,205 | 2,122,585 | |
Texas Capital Bank NA, Sr. Unsec’d. Notes, 144A, 3 Month LIBOR + 4.500% | 9.254(c) | 09/30/24 | 15,020 | 14,603,732 | |
Thermo Fisher Scientific, Inc., | |||||
Sr. Unsec’d. Notes | 2.875 | 07/24/37 | EUR | 450 | 438,885 |
Sr. Unsec’d. Notes | 3.650 | 11/21/34 | EUR | 2,100 | 2,270,163 |
Time Warner Cable Enterprises LLC, Sr. Sec’d. Notes | 8.375 | 07/15/33 | 2,065 | 2,424,308 | |
T-Mobile USA, Inc., Gtd. Notes | 4.375 | 04/15/40 | 2,500 | 2,265,847 | |
Tote Shipholdings LLC, U.S. Gov’t. Gtd. Notes | 3.400 | 10/16/40 | 93 | 87,005 |
28
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Toyota Motor Credit Corp., Sr. Unsec’d. Notes, EMTN(h) | 3.500 %(cc) | 10/24/25 | 2,656 | $2,576,915 | |
U.S. Bancorp, Jr. Sub. Notes | 3.700(ff) | 01/15/27(oo) | 18,150 | 15,857,425 | |
UGI International LLC, Gtd. Notes, 144A | 2.500 | 12/01/29 | EUR | 8,225 | 7,252,737 |
United Airlines, Inc., | |||||
Sr. Sec’d. Notes, 144A | 4.375 | 04/15/26 | 3,750 | 3,562,192 | |
Sr. Sec’d. Notes, 144A | 4.625 | 04/15/29 | 950 | 866,807 | |
United Rentals North America, Inc., | |||||
Gtd. Notes | 3.750 | 01/15/32 | 250 | 216,169 | |
Gtd. Notes | 3.875 | 02/15/31 | 391 | 346,162 | |
Gtd. Notes(a) | 4.875 | 01/15/28 | 3,115 | 3,017,678 | |
Gtd. Notes(a) | 5.250 | 01/15/30 | 2,340 | 2,264,696 | |
Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC, Sr. Sec’d. Notes, 144A | 7.875 | 02/15/25 | 8,600 | 8,485,735 | |
Univision Communications, Inc., Sr. Sec’d. Notes, 144A | 6.625 | 06/01/27 | 3,335 | 3,267,468 | |
Vector Group Ltd., Sr. Sec’d. Notes, 144A | 5.750 | 02/01/29 | 4,750 | 4,145,882 | |
Ventas Realty LP, Gtd. Notes(a) | 2.500 | 09/01/31 | 7,995 | 6,533,972 | |
Verizon Communications, Inc., | |||||
Sr. Unsec’d. Notes | 2.500 | 04/08/31 | GBP | 1,400 | 1,470,346 |
Sr. Unsec’d. Notes, MTN | 2.650 | 05/06/30 | AUD | 1,600 | 935,604 |
Sr. Unsec’d. Notes, MTN | 3.000 | 03/23/31 | AUD | 1,000 | 584,311 |
Sr. Unsec’d. Notes, Series MPLE | 4.050 | 03/22/51 | CAD | 3,200 | 2,020,217 |
Viatris, Inc., | |||||
Gtd. Notes | 3.850 | 06/22/40 | 4,410 | 3,217,778 | |
Gtd. Notes | 4.000 | 06/22/50 | 4,425 | 3,067,987 | |
VICI Properties LP/VICI Note Co., Inc., Gtd. Notes, 144A | 4.250 | 12/01/26 | 4,000 | 3,786,361 | |
Vistra Corp., | |||||
Jr. Sub. Notes, 144A | 7.000(ff) | 12/15/26(oo) | 2,650 | 2,494,611 | |
Jr. Sub. Notes, 144A | 8.000(ff) | 10/15/26(oo) | 9,650 | 9,452,034 | |
Vistra Operations Co. LLC, | |||||
Gtd. Notes, 144A(a) | 5.000 | 07/31/27 | 3,520 | 3,310,918 | |
Sr. Sec’d. Notes, 144A | 3.550 | 07/15/24 | 14,300 | 13,814,684 | |
Warner Media LLC, Gtd. Notes | 4.050 | 12/15/23 | 11,250 | 11,088,972 |
29
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Warnermedia Holdings, Inc., | |||||
Gtd. Notes, 144A | 5.050 % | 03/15/42 | 4,355 | $3,718,257 | |
Gtd. Notes, 144A | 5.141 | 03/15/52 | 8,795 | 7,305,869 | |
Gtd. Notes, 144A | 5.391 | 03/15/62 | 1,270 | 1,057,086 | |
Wells Fargo & Co., | |||||
Sr. Unsec’d. Notes | 4.000 | 04/27/27 | AUD | 4,198 | 2,826,112 |
Sr. Unsec’d. Notes, GMTN | 3.700 | 07/27/26 | AUD | 1,458 | 983,783 |
Sr. Unsec’d. Notes, MTN | 2.572(ff) | 02/11/31 | 7,890 | 6,813,232 | |
Welltower OP LLC, | |||||
Gtd. Notes | 2.050 | 01/15/29 | 3,100 | 2,606,933 | |
Gtd. Notes | 2.800 | 06/01/31 | 10,300 | 8,580,449 | |
Gtd. Notes(a) | 3.100 | 01/15/30 | 5,600 | 4,903,859 | |
WPC Eurobond BV, Gtd. Notes | 0.950 | 06/01/30 | EUR | 9,950 | 8,263,810 |
Xerox Corp., Sr. Unsec’d. Notes | 4.625 | 03/15/23 | 40 | 39,853 | |
796,618,583 | |||||
Total Corporate Bonds (cost $1,738,646,049) | 1,484,466,458 | ||||
Floating Rate and other Loans 1.4% | |||||
United Kingdom 1.3% | |||||
CD&R Firefly Bidco Ltd., Initial Term Loan, SONIA + 8.356% | 10.542(c) | 06/19/26 | GBP | 16,075 | 18,183,073 |
Constellation Automotive Group Ltd., Facility B2 Loan, SONIA + 4.750% | 5.941(c) | 07/28/28 | GBP | 3,850 | 3,612,066 |
EG Group Ltd., Additional Second Lien Loan Facility, 6 Month EURIBOR + 7.000% | 9.752(c) | 04/30/27 | EUR | 23,880 | 22,456,388 |
44,251,527 | |||||
United States 0.1% | |||||
Ascent Resources Utica Holdings LLC, Second Lien Term Loan, 3 Month LIBOR + 9.000% | 13.815(c) | 11/01/25 | 1,199 | 1,270,940 |
30
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Floating Rate and other Loans (Continued) | |||||
United States (cont’d.) | |||||
Diamond Sports Group LLC, | |||||
First Lien Term Loan, 6 Month SOFR + 8.250% | 12.358 %(c) | 05/25/26 | 247 | $222,568 | |
Second Lien Term loan, 1 Month SOFR + 3.400% | 8.025(c) | 08/24/26 | 7,155 | 590,262 | |
2,083,770 | |||||
Total Floating Rate and other Loans (cost $60,003,552) | 46,335,297 | ||||
Municipal Bond 0.1% | |||||
Puerto Rico | |||||
Commonwealth of Puerto Rico, General Obligation, Sub-Series C (cost $5,946,203) | 0.000(cc) | 11/01/43 | 10,573 | 4,669,751 | |
Residential Mortgage-Backed Securities 4.4% | |||||
Spain 0.1% | |||||
Retiro Mortgage Securities DAC, Series 01A, Class A1, 144A, 3 Month EURIBOR + 2.000% (Cap 5.000%, Floor 0.000%) | 4.468(c) | 07/30/75 | EUR | 3,446 | 3,553,212 |
United States 4.3% | |||||
APS Resecuritization Trust, Series 2016-01, Class 1A, 144A, 1 Month LIBOR + 0.150% (Cap N/A, Floor 0.150%) | 4.519(c) | 07/27/57 | 238 | 236,068 | |
Bellemeade Re Ltd., | |||||
Series 2018-03A, Class M1B, 144A, 1 Month LIBOR + 1.850% (Cap N/A, Floor 1.850%) | 6.356(c) | 10/25/28 | 54 | 53,674 | |
Series 2019-03A, Class M1B, 144A, 1 Month LIBOR + 1.600% (Cap N/A, Floor 1.600%) | 6.106(c) | 07/25/29 | 201 | 201,385 | |
Series 2021-01A, Class M1A, 144A, 30 Day Average SOFR + 1.750% (Cap N/A, Floor 1.750%) | 6.060(c) | 03/25/31 | 2,449 | 2,445,731 | |
Series 2021-01A, Class M1C, 144A, 30 Day Average SOFR + 2.950% (Cap N/A, Floor 2.950%) | 7.260(c) | 03/25/31 | 1,750 | 1,722,918 | |
Series 2021-03A, Class M1B, 144A, 30 Day Average SOFR + 1.400% (Cap N/A, Floor 1.400%) | 5.710(c) | 09/25/31 | 1,200 | 1,150,965 | |
31
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Residential Mortgage-Backed Securities (Continued) | |||||
United States (cont’d.) | |||||
BVRT Financing Trust, Series 2021-04, Class F, 144A, 1 Month SOFR + 2.000%^ | 6.245 %(c) | 09/12/26 | 5,251 | $5,225,089 | |
Connecticut Avenue Securities Trust, | |||||
Series 2019-R07, Class 1M2, 144A, 1 Month LIBOR + 2.100% (Cap N/A, Floor 0.000%) | 6.606(c) | 10/25/39 | 74 | 74,153 | |
Series 2020-R01, Class 1M2, 144A, 1 Month LIBOR + 2.050% (Cap N/A, Floor 0.000%) | 6.556(c) | 01/25/40 | 456 | 456,061 | |
Series 2021-R01, Class 1B1, 144A, 30 Day Average SOFR + 3.100% (Cap N/A, Floor 0.000%) | 7.410(c) | 10/25/41 | 1,350 | 1,291,356 | |
Series 2021-R01, Class 1M2, 144A, 30 Day Average SOFR + 1.550% (Cap N/A, Floor 0.000%) | 5.860(c) | 10/25/41 | 240 | 236,337 | |
Series 2021-R03, Class 1B1, 144A, 30 Day Average SOFR + 2.750% (Cap N/A, Floor 2.750%) | 7.060(c) | 12/25/41 | 500 | 467,597 | |
Credit Suisse Mortgage Trust, Series 2020-RPL06, Class A1, 144A | 2.688(cc) | 03/25/59 | 2,093 | 2,018,659 | |
Eagle Re Ltd., | |||||
Series 2019-01, Class M1B, 144A, 1 Month LIBOR + 1.800% (Cap N/A, Floor 0.000%) | 6.306(c) | 04/25/29 | 620 | 618,945 | |
Series 2021-01, Class M1B, 144A, 30 Day Average SOFR + 2.150% (Cap N/A, Floor 2.150%) | 6.460(c) | 10/25/33 | 1,122 | 1,122,041 | |
Series 2021-01, Class M1C, 144A, 30 Day Average SOFR + 2.700% (Cap N/A, Floor 2.700%) | 7.010(c) | 10/25/33 | 4,200 | 4,195,435 | |
Series 2021-02, Class M1C, 144A, 30 Day Average SOFR + 3.450% (Cap N/A, Floor 3.450%) | 7.760(c) | 04/25/34 | 3,500 | 3,531,627 | |
Fannie Mae Connecticut Avenue Securities, | |||||
Series 2021-R02, Class 2B1, 144A, 30 Day Average SOFR + 3.300% (Cap N/A, Floor 0.000%) | 7.610(c) | 11/25/41 | 260 | 245,214 | |
Series 2021-R02, Class 2M2, 144A, 30 Day Average SOFR + 2.000% (Cap N/A, Floor 0.000%) | 6.310(c) | 11/25/41 | 1,440 | 1,362,668 | |
Fannie Mae REMIC, Series 2012-107, Class GI, IO | 3.500 | 09/25/27 | 1,875 | 82,784 |
32
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Residential Mortgage-Backed Securities (Continued) | |||||
United States (cont’d.) | |||||
FHLMC Structured Agency Credit Risk Debt Notes, | |||||
Series 2020-HQA05, Class B1, 144A, 30 Day Average SOFR + 4.000% (Cap N/A, Floor 0.000%) | 8.310 %(c) | 11/25/50 | 595 | $581,617 | |
Series 2020-HQA05, Class M2, 144A, 30 Day Average SOFR + 2.600% (Cap N/A, Floor 0.000%) | 6.910(c) | 11/25/50 | 1,686 | 1,702,738 | |
Series 2021-DNA02, Class B1, 144A, 30 Day Average SOFR + 3.400% (Cap N/A, Floor 0.000%) | 7.710(c) | 08/25/33 | 700 | 666,799 | |
FHLMC Structured Agency Credit Risk REMIC Trust, | |||||
Series 2020-DNA02, Class M2, 144A, 1 Month LIBOR + 1.850% (Cap N/A, Floor 0.000%) | 6.356(c) | 02/25/50 | 1,708 | 1,704,735 | |
Series 2020-DNA03, Class B1, 144A, 1 Month LIBOR + 5.100% (Cap N/A, Floor 0.000%) | 9.606(c) | 06/25/50 | 591 | 617,666 | |
Series 2020-HQA02, Class M2, 144A, 1 Month LIBOR + 3.100% (Cap N/A, Floor 0.000%) | 7.606(c) | 03/25/50 | 131 | 133,846 | |
Series 2020-HQA04, Class B1, 144A, 1 Month LIBOR + 5.250% (Cap N/A, Floor 0.000%) | 9.756(c) | 09/25/50 | 1,308 | 1,376,630 | |
Series 2021-DNA01, Class B1, 144A, 30 Day Average SOFR + 2.650% (Cap N/A, Floor 0.000%) | 6.960(c) | 01/25/51 | 2,995 | 2,778,247 | |
Series 2021-DNA01, Class M2, 144A, 30 Day Average SOFR + 1.800% (Cap N/A, Floor 0.000%) | 6.110(c) | 01/25/51 | 10,337 | 10,175,415 | |
Series 2021-DNA05, Class B1, 144A, 30 Day Average SOFR + 3.050% (Cap N/A, Floor 0.000%) | 7.360(c) | 01/25/34 | 4,630 | 4,410,200 | |
Series 2021-DNA05, Class M2, 144A, 30 Day Average SOFR + 1.650% (Cap N/A, Floor 0.000%) | 5.960(c) | 01/25/34 | 1,411 | 1,396,352 | |
Series 2021-DNA06, Class B1, 144A, 30 Day Average SOFR + 3.400% (Cap N/A, Floor 0.000%) | 7.710(c) | 10/25/41 | 1,830 | 1,747,650 | |
Series 2021-DNA07, Class M2, 144A, 30 Day Average SOFR + 1.800% (Cap N/A, Floor 0.000%) | 6.110(c) | 11/25/41 | 200 | 192,626 | |
Series 2021-HQA01, Class B1, 144A, 30 Day Average SOFR + 3.000% (Cap N/A, Floor 0.000%) | 7.310(c) | 08/25/33 | 13,200 | 11,419,848 |
33
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Residential Mortgage-Backed Securities (Continued) | |||||
United States (cont’d.) | |||||
FHLMC Structured Agency Credit Risk REMIC Trust, (cont’d.) | |||||
Series 2021-HQA01, Class M2, 144A, 30 Day Average SOFR + 2.250% (Cap N/A, Floor 0.000%) | 6.560 %(c) | 08/25/33 | 17,900 | $17,404,496 | |
Series 2021-HQA02, Class B1, 144A, 30 Day Average SOFR + 3.150% (Cap N/A, Floor 0.000%) | 7.460(c) | 12/25/33 | 2,000 | 1,735,000 | |
Series 2021-HQA03, Class B1, 144A, 30 Day Average SOFR + 3.350% (Cap N/A, Floor 0.000%) | 7.660(c) | 09/25/41 | 1,370 | 1,231,614 | |
Series 2021-HQA03, Class M2, 144A, 30 Day Average SOFR + 2.100% (Cap N/A, Floor 0.000%) | 6.410(c) | 09/25/41 | 3,250 | 2,913,019 | |
Series 2021-HQA04, Class M2, 144A, 30 Day Average SOFR + 2.350% (Cap N/A, Floor 0.000%) | 6.660(c) | 12/25/41 | 2,100 | 1,879,623 | |
Freddie Mac REMIC, Series 4166, Class IO, IO | 3.500 | 02/15/43 | 4,528 | 784,158 | |
GCAT Asset-Backed Notes, Series 2021-01, Class A1, 144A | 2.487 | 11/25/49 | 12,803 | 11,890,690 | |
Home Re Ltd., | |||||
Series 2019-01, Class M1, 144A, 1 Month LIBOR + 1.650% (Cap N/A, Floor 0.000%) | 6.156(c) | 05/25/29 | 378 | 378,018 | |
Series 2021-01, Class M1B, 144A, 1 Month LIBOR + 1.550% (Cap N/A, Floor 0.000%) | 6.056(c) | 07/25/33 | 5,390 | 5,380,104 | |
Series 2021-02, Class M1B, 144A, 30 Day Average SOFR + 1.600% (Cap N/A, Floor 0.000%) | 5.910(c) | 01/25/34 | 2,855 | 2,818,405 | |
Series 2021-02, Class M1C, 144A, 30 Day Average SOFR + 2.800% (Cap N/A, Floor 0.000%) | 7.110(c) | 01/25/34 | 4,790 | 4,681,522 | |
Legacy Mortgage Asset Trust, Series 2020-GS01, Class A1, 144A | 5.882(cc) | 10/25/59 | 5,149 | 5,140,080 | |
Loan Revolving Advance Investment Trust, Series 2021-02, Class A1X, 144A, 1 Month LIBOR + 2.750% (Cap N/A, Floor 2.750%) | 7.204(c) | 06/30/23 | 1,659 | 1,640,285 | |
New Residential Mortgage Loan Trust, Series 2018-04A, Class A1S, 144A, 1 Month LIBOR + 0.750% (Cap N/A, Floor 0.750%) | 5.256(c) | 01/25/48 | 606 | 593,365 | |
Oaktown Re II Ltd., Series 2018-01A, Class M1, 144A, 1 Month LIBOR + 1.550% (Cap N/A, Floor 0.000%) | 6.056(c) | 07/25/28 | 186 | 185,823 |
34
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Residential Mortgage-Backed Securities (Continued) | |||||
United States (cont’d.) | |||||
Oaktown Re VI Ltd., | |||||
Series 2021-01A, Class M1A, 144A, 30 Day Average SOFR + 1.650% (Cap N/A, Floor 1.650%) | 5.960 %(c) | 10/25/33 | 787 | $786,701 | |
Series 2021-01A, Class M1B, 144A, 30 Day Average SOFR + 2.050% (Cap N/A, Floor 2.050%) | 6.360(c) | 10/25/33 | 1,865 | 1,847,758 | |
Oaktown Re VII Ltd., | |||||
Series 2021-02, Class M1A, 144A, 30 Day Average SOFR + 1.600% (Cap N/A, Floor 1.600%) | 5.910(c) | 04/25/34 | 2,200 | 2,162,726 | |
Series 2021-02, Class M1B, 144A, 30 Day Average SOFR + 2.900% (Cap N/A, Floor 2.900%) | 7.210(c) | 04/25/34 | 700 | 654,660 | |
PNMAC GMSR Issuer Trust, | |||||
Series 2018-GT01, Class A, 144A, 1 Month LIBOR + 2.850% (Cap N/A, Floor 2.850%) | 7.356(c) | 02/25/23 | 1,020 | 1,001,593 | |
Series 2018-GT02, Class A, 144A, 1 Month LIBOR + 2.650% (Cap N/A, Floor 0.000%) | 7.156(c) | 08/25/25 | 2,300 | 2,220,326 | |
Radnor Re Ltd., | |||||
Series 2020-01, Class M1A, 144A, 1 Month LIBOR + 0.950% (Cap N/A, Floor 0.950%) | 5.456(c) | 01/25/30 | 55 | 54,919 | |
Series 2020-01, Class M1B, 144A, 1 Month LIBOR + 1.450% (Cap N/A, Floor 1.450%) | 5.956(c) | 01/25/30 | 1,800 | 1,787,561 | |
Series 2021-01, Class M1A, 144A, 30 Day Average SOFR + 1.650% (Cap N/A, Floor 1.650%) | 5.960(c) | 12/27/33 | 706 | 705,863 | |
Series 2021-02, Class M1B, 144A, 30 Day Average SOFR + 3.700% (Cap N/A, Floor 3.700%) | 8.010(c) | 11/25/31 | 5,100 | 5,008,780 | |
140,530,165 | |||||
Total Residential Mortgage-Backed Securities (cost $149,581,687) | 144,083,377 |
35
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds 25.2% | |||||
Albania 0.1% | |||||
Albania Government International Bond, | |||||
Sr. Unsec’d. Notes | 3.500 % | 10/09/25 | EUR | 1,000 | $1,012,273 |
Sr. Unsec’d. Notes, 144A | 3.500 | 10/09/25 | EUR | 1,000 | 1,012,272 |
2,024,545 | |||||
Andorra 0.0% | |||||
Andorra International Bond, Sr. Unsec’d. Notes, EMTN | 1.250 | 05/06/31 | EUR | 400 | 353,815 |
Argentina 0.1% | |||||
Argentine Republic Government International Bond, | |||||
Bonds | 4.330 | 12/31/33(d) | JPY | 519,215 | 931,397 |
Sr. Unsec’d. Notes | 0.670 | 12/31/38(d) | JPY | 1,637,456 | 1,694,494 |
Sr. Unsec’d. Notes | 0.670 | 12/31/38(d) | JPY | 59,017 | 61,209 |
2,687,100 | |||||
Austria 0.1% | |||||
Republic of Austria Government Bond, Sr. Unsec’d. Notes, 144A | 0.750 | 03/20/51 | EUR | 100 | 65,332 |
Republic of Austria Government International Bond, Sr. Unsec’d. Notes, 144A, MTN | 5.375 | 12/01/34 | CAD | 2,143 | 1,831,492 |
1,896,824 | |||||
Belgium 0.0% | |||||
Kingdom of Belgium Government Bond, Sr. Unsec’d. Notes, Series 93, 144A | 0.650 | 06/22/71 | EUR | 100 | 47,688 |
Brazil 1.0% | |||||
Brazil Loan Trust 1, Gov’t. Gtd. Notes, 144A | 5.477 | 07/24/23 | 467 | 464,266 | |
Brazil Minas SPE via State of Minas Gerais, | |||||
Gov’t. Gtd. Notes | 5.333 | 02/15/28 | 30,419 | 29,740,080 | |
Gov’t. Gtd. Notes, 144A | 5.333 | 02/15/28 | 423 | 413,562 | |
Brazilian Government International Bond, | |||||
Sr. Unsec’d. Notes | 8.500 | 01/05/24 | BRL | 30 | 5,672 |
Sr. Unsec’d. Notes, Series B | 8.875 | 04/15/24 | 208 | 215,839 | |
30,839,419 |
36
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Bulgaria 0.2% | |||||
Bulgaria Government International Bond, Sr. Unsec’d. Notes, GMTN | 3.125 % | 03/26/35 | EUR | 8,212 | $7,822,876 |
Canada 0.2% | |||||
Canadian Government Bond, Bonds(k) | 4.000 | 06/01/41 | CAD | 650 | 553,859 |
City of Toronto, Unsec’d. Notes | 3.250 | 06/24/46 | CAD | 1,000 | 631,553 |
Province of Alberta, Sr. Unsec’d. Notes, EMTN | 1.403 | 02/20/29 | SEK | 2,000 | 167,787 |
Province of Quebec Residual Strips, Bonds | 2.283(s) | 04/01/35 | CAD | 10,000 | 4,636,476 |
5,989,675 | |||||
Chile 0.1% | |||||
Bonos de la Tesoreria de la Republica en pesos, | |||||
Bonds | 2.500 | 03/01/25 | CLP | 900,000 | 1,042,116 |
Bonds | 5.000 | 03/01/35 | CLP | 505,000 | 609,357 |
Chile Government International Bond, | |||||
Sr. Unsec’d. Notes | 0.830 | 07/02/31 | EUR | 1,000 | 857,490 |
Sr. Unsec’d. Notes | 1.440 | 02/01/29 | EUR | 1,884 | 1,784,486 |
Sr. Unsec’d. Notes | 1.750 | 01/20/26 | EUR | 240 | 247,022 |
4,540,471 | |||||
China 1.8% | |||||
China Government Bond, | |||||
Bonds, Series INBK | 2.850 | 06/04/27 | CNH | 6,000 | 894,584 |
Sr. Unsec’d. Notes | 3.160 | 06/27/23 | CNH | 5,000 | 741,722 |
Sr. Unsec’d. Notes | 3.300 | 07/04/23 | CNH | 2,000 | 296,919 |
Sr. Unsec’d. Notes | 3.310 | 11/30/25 | CNH | 4,000 | 600,596 |
Sr. Unsec’d. Notes | 3.380 | 11/21/24 | CNH | 500 | 74,921 |
Sr. Unsec’d. Notes | 3.390 | 05/21/25 | CNH | 2,500 | 375,323 |
Sr. Unsec’d. Notes | 3.480 | 06/29/27 | CNH | 2,000 | 302,129 |
Sr. Unsec’d. Notes | 3.600 | 05/21/30 | CNH | 18,500 | 2,811,212 |
Sr. Unsec’d. Notes | 3.900 | 07/04/36 | CNH | 16,000 | 2,482,291 |
Sr. Unsec’d. Notes | 3.950 | 06/29/43 | CNH | 40,000 | 6,175,410 |
Sr. Unsec’d. Notes | 4.000 | 11/30/35 | CNH | 76,500 | 11,977,852 |
Sr. Unsec’d. Notes | 4.100 | 05/21/45 | CNH | 62,000 | 9,739,940 |
Sr. Unsec’d. Notes | 4.150 | 12/12/31 | CNH | 41,500 | 6,527,170 |
Sr. Unsec’d. Notes | 4.400 | 12/12/46 | CNH | 48,500 | 7,971,675 |
Sr. Unsec’d. Notes | 4.500 | 05/22/34 | CNH | 24,000 | 3,909,683 |
37
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
China (cont’d.) | |||||
Export-Import Bank of China (The), | |||||
Sr. Unsec’d. Notes | 4.150 % | 06/18/27 | CNH | 4,000 | $617,115 |
Sr. Unsec’d. Notes | 4.400 | 05/14/24 | CNH | 20,000 | 3,017,618 |
58,516,160 | |||||
Colombia 1.8% | |||||
Colombia Government International Bond, | |||||
Sr. Unsec’d. Notes | 8.375 | 02/15/27 | 3,168 | 3,218,490 | |
Sr. Unsec’d. Notes | 9.850 | 06/28/27 | COP | 15,013,000 | 2,901,445 |
Sr. Unsec’d. Notes | 10.375 | 01/28/33 | 1,401 | 1,580,328 | |
Sr. Unsec’d. Notes | 11.850 | 03/09/28 | 1,000 | 1,188,750 | |
Sr. Unsec’d. Notes, EMTN(a) | 3.875 | 03/22/26 | EUR | 47,879 | 49,930,550 |
58,819,563 | |||||
Cyprus 0.8% | |||||
Cyprus Government International Bond, | |||||
Sr. Unsec’d. Notes, EMTN | 1.250 | 01/21/40 | EUR | 7,550 | 5,464,977 |
Sr. Unsec’d. Notes, EMTN(a) | 2.250 | 04/16/50 | EUR | 2,000 | 1,630,725 |
Sr. Unsec’d. Notes, EMTN(a) | 2.375 | 09/25/28 | EUR | 4,694 | 4,795,938 |
Sr. Unsec’d. Notes, EMTN | 2.750 | 02/26/34 | EUR | 10,200 | 9,860,831 |
Sr. Unsec’d. Notes, EMTN(a) | 2.750 | 05/03/49 | EUR | 3,000 | 2,609,772 |
24,362,243 | |||||
Denmark 0.1% | |||||
Denmark Government Bond, | |||||
Bonds(k) | 1.750 | 11/15/25 | DKK | 3,520 | 501,761 |
Bonds(k) | 4.500 | 11/15/39 | DKK | 1,800 | 332,066 |
Bonds, Series 10YR(k) | 0.500 | 11/15/27 | DKK | 12,110 | 1,610,226 |
Bonds, Series 10YR(k) | 0.500 | 11/15/29 | DKK | 4,300 | 550,812 |
Bonds, Series 30YR(k) | 0.250 | 11/15/52 | DKK | 5,000 | 407,729 |
3,402,594 | |||||
Egypt 0.0% | |||||
Egypt Government International Bond, Sr. Unsec’d. Notes, 144A, MTN | 4.750 | 04/16/26 | EUR | 700 | 631,634 |
38
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Finland 0.0% | |||||
Finland Government Bond, Sr. Unsec’d. Notes, 144A | 0.125 % | 04/15/52 | EUR | 100 | $53,299 |
Kuntarahoitus OYJ, Local Gov’t. Gtd. Notes, EMTN | 3.050 | 09/24/32 | SEK | 13,000 | 1,241,263 |
1,294,562 | |||||
France 0.7% | |||||
Caisse Francaise de Financement Local, Covered Bonds, EMTN | 4.680 | 03/09/29 | CAD | 28,712 | 22,216,301 |
French Republic Government Bond OAT, Bonds, 144A(k) | 0.500 | 05/25/72 | EUR | 100 | 43,778 |
22,260,079 | |||||
Germany 0.0% | |||||
State of North Rhine-Westphalia, Sr. Unsec’d. Notes, EMTN | 7.500 | 06/08/27 | MXN | 500 | 25,491 |
Greece 2.2% | |||||
Hellenic Republic Government Bond, | |||||
Bonds | 4.300 | 02/24/25 | EUR | 1 | 1,099 |
Bonds | 4.300 | 02/24/29 | EUR | 1 | 1,054 |
Bonds | 4.300 | 02/24/30 | EUR | 2 | 2,056 |
Bonds | 4.300 | 02/24/31 | EUR | 34 | 34,447 |
Bonds | 4.300 | 02/24/32 | EUR | 60 | 60,264 |
Bonds | 4.300 | 02/24/36 | EUR | 2 | 1,909 |
Bonds | 4.300 | 02/24/39 | EUR | 1 | 1,007 |
Sr. Unsec’d. Notes, 144A | 1.875 | 02/04/35 | EUR | 60,000 | 50,145,250 |
Sr. Unsec’d. Notes, 144A | 1.875 | 01/24/52 | EUR | 7,585 | 4,875,878 |
Hellenic Republic Government International Bond, | |||||
Sr. Unsec’d. Notes | 5.200 | 07/17/34 | EUR | 9,719 | 10,878,335 |
Sr. Unsec’d. Notes | 6.140 | 04/14/28 | EUR | 5,200 | 6,242,072 |
72,243,371 | |||||
Hungary 0.1% | |||||
Hungary Government International Bond, | |||||
Sr. Unsec’d. Notes | 1.625 | 04/28/32 | EUR | 4,176 | 3,437,017 |
Sr. Unsec’d. Notes, 144A | 2.125 | 09/22/31 | 1,375 | 1,072,500 | |
4,509,517 |
39
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Indonesia 1.7% | |||||
Indonesia Government International Bond, | |||||
Sr. Unsec’d. Notes | 0.900 % | 02/14/27 | EUR | 10,300 | $9,961,005 |
Sr. Unsec’d. Notes | 1.000 | 07/28/29 | EUR | 8,500 | 7,576,280 |
Sr. Unsec’d. Notes | 1.400 | 10/30/31 | EUR | 9,560 | 8,199,549 |
Sr. Unsec’d. Notes | 1.450 | 09/18/26 | EUR | 3,400 | 3,398,988 |
Sr. Unsec’d. Notes | 1.750 | 04/24/25 | EUR | 2,600 | 2,711,406 |
Sr. Unsec’d. Notes | 3.375 | 07/30/25 | EUR | 1,505 | 1,625,219 |
Sr. Unsec’d. Notes, EMTN | 2.625 | 06/14/23 | EUR | 5,700 | 6,172,743 |
Sr. Unsec’d. Notes, EMTN | 3.750 | 06/14/28 | EUR | 13,980 | 14,920,987 |
Sr. Unsec’d. Notes, Series 05 | 0.920 | 05/31/23 | JPY | 100,000 | 768,400 |
Sr. Unsec’d. Notes, Series 09 | 0.830 | 05/22/24 | JPY | 200,000 | 1,535,359 |
56,869,936 | |||||
Ireland 0.0% | |||||
Ireland Government Bond, Sr. Unsec’d. Notes | 0.550 | 04/22/41 | EUR | 100 | 70,884 |
Israel 0.2% | |||||
Israel Government International Bond, Sr. Unsec’d. Notes, EMTN | 6.875 | 10/21/34 | GBP | 3,435 | 5,066,721 |
Italy 4.6% | |||||
Cassa Del Trentino SPA, Local Gov’t. Gtd. Notes, EMTN | 1.160 | 06/17/26 | EUR | 1,090 | 1,129,210 |
Region of Lazio, Sr. Unsec’d. Notes | 3.088 | 03/31/43 | EUR | 6,480 | 6,063,441 |
Region of Umbria, Sr. Unsec’d. Notes, 6 Month EURIBOR + 0.200% | 1.963(c) | 03/26/31 | EUR | 926 | 931,752 |
Repubic of Italy Government International Bond Coupon Strips, | |||||
Sr. Unsec’d. Notes | 1.737(s) | 02/20/31 | EUR | 5,324 | 4,208,847 |
Sr. Unsec’d. Notes | 3.486(s) | 03/27/23 | 775 | 768,126 | |
Republic of Italy Government International Bond, | |||||
Sr. Unsec’d. Notes | 2.875 | 10/17/29 | 3,300 | 2,844,021 | |
Sr. Unsec’d. Notes, EMTN | 3.444 | 12/31/24 | EUR | 93 | 101,167 |
Sr. Unsec’d. Notes, EMTN, EURIBOR ICE SWAP 11:00 Fft 30Y Index + 0.000% (Cap N/A, Floor 4.250%) | 4.250(c) | 06/28/29 | EUR | 7,892 | 8,608,839 |
Sr. Unsec’d. Notes, EMTN | 4.425 | 03/28/36 | EUR | 1,400 | 1,475,198 |
Sr. Unsec’d. Notes, EMTN | 5.250 | 12/07/34 | GBP | 17,018 | 20,606,557 |
Sr. Unsec’d. Notes, EMTN | 5.345 | 01/27/48 | EUR | 2,100 | 2,423,659 |
40
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Italy (cont’d.) | |||||
Republic of Italy Government International Bond, (cont’d.) | |||||
Sr. Unsec’d. Notes, EMTN | 6.000 % | 08/04/28 | GBP | 69,287 | $87,050,301 |
Sr. Unsec’d. Notes, MTN | 5.375 | 06/15/33 | 11,108 | 11,091,511 | |
Sr. Unsec’d. Notes, Series 67, EMTN, EURIBOR ICE SWAP 11:00 Fft 10Y Index + 0.000% (Cap 8.800%, Floor 0.000%) | 1.972(c) | 05/11/26 | EUR | 3,000 | 3,168,150 |
150,470,779 | |||||
Japan 0.1% | |||||
Japan Government Twenty Year Bond, Bonds, Series 159(k) | 0.600 | 12/20/36 | JPY | 350,000 | 2,538,211 |
Kazakhstan 0.5% | |||||
Kazakhstan Government International Bond, | |||||
Sr. Unsec’d. Notes, EMTN | 0.600 | 09/30/26 | EUR | 2,000 | 1,902,512 |
Sr. Unsec’d. Notes, EMTN(a) | 1.500 | 09/30/34 | EUR | 9,400 | 7,481,100 |
Sr. Unsec’d. Notes, EMTN | 2.375 | 11/09/28 | EUR | 7,615 | 7,444,574 |
16,828,186 | |||||
Lithuania 0.0% | |||||
Lithuania Government Bond, Bonds, Series 07YR | 0.600 | 06/29/23 | EUR | 200 | 215,132 |
Luxembourg 0.0% | |||||
State of the Grand-Duchy of Luxembourg, Sr. Unsec’d. Notes | 0.000 | 09/14/32 | EUR | 100 | 83,500 |
Malaysia 0.2% | |||||
1MDB Global Investments Ltd., Sr. Unsec’d. Notes | 4.400 | 03/09/23 | 3,000 | 2,942,438 | |
Malaysia Government Bond, Bonds, Series 0220 | 2.632 | 04/15/31 | MYR | 10,000 | 2,147,125 |
5,089,563 | |||||
Mexico 1.3% | |||||
Mexico Government International Bond, | |||||
Sr. Unsec’d. Notes(a) | 1.125 | 01/17/30 | EUR | 10,100 | 9,003,776 |
Sr. Unsec’d. Notes | 1.450 | 10/25/33 | EUR | 4,825 | 3,823,641 |
Sr. Unsec’d. Notes | 2.875 | 04/08/39 | EUR | 5,000 | 4,049,634 |
41
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Mexico (cont’d.) | |||||
Mexico Government International Bond, (cont’d.) | |||||
Sr. Unsec’d. Notes | 4.000 % | 03/15/2115 | EUR | 950 | $743,804 |
Sr. Unsec’d. Notes, EMTN | 5.625 | 03/19/2114 | GBP | 340 | 321,188 |
Sr. Unsec’d. Notes, GMTN | 6.750 | 02/06/24 | GBP | 13,633 | 17,017,537 |
Sr. Unsec’d. Notes, Series 26 | 0.850 | 04/18/25 | JPY | 500,000 | 3,819,736 |
Sr. Unsec’d. Notes, Series 28 | 2.000 | 04/20/38 | JPY | 300,000 | 1,832,388 |
Sr. Unsec’d. Notes, Series A, MTN | 7.500 | 04/08/33 | 875 | 995,330 | |
41,607,034 | |||||
Montenegro 0.0% | |||||
Montenegro Government International Bond, Sr. Unsec’d. Notes, 144A | 3.375 | 04/21/25 | EUR | 750 | 746,974 |
Netherlands 0.0% | |||||
Netherlands Government Bond, Bonds, 144A | 0.000 | 01/15/52 | EUR | 100 | 55,705 |
New Zealand 0.0% | |||||
New Zealand Local Government Funding Agency Bond, Local Gov’t. Gtd. Notes | 2.000 | 04/15/37 | NZD | 2,100 | 920,514 |
Panama 0.4% | |||||
Panama Government International Bond, Sr. Unsec’d. Notes | 8.125 | 04/28/34 | 10,732 | 12,304,909 | |
Peru 0.6% | |||||
Peruvian Government International Bond, | |||||
Sr. Unsec’d. Notes | 1.250 | 03/11/33 | EUR | 1,200 | 944,125 |
Sr. Unsec’d. Notes(a) | 2.750 | 01/30/26 | EUR | 7,718 | 8,038,217 |
Sr. Unsec’d. Notes | 3.750 | 03/01/30 | EUR | 9,408 | 9,699,252 |
18,681,594 | |||||
Philippines 1.0% | |||||
Philippine Government International Bond, | |||||
Sr. Unsec’d. Notes | 0.000 | 02/03/23 | EUR | 2,000 | 2,173,213 |
Sr. Unsec’d. Notes | 0.250 | 04/28/25 | EUR | 690 | 694,717 |
Sr. Unsec’d. Notes | 0.700 | 02/03/29 | EUR | 5,365 | 4,873,104 |
Sr. Unsec’d. Notes | 1.200 | 04/28/33 | EUR | 1,350 | 1,130,092 |
Sr. Unsec’d. Notes | 1.750 | 04/28/41 | EUR | 1,085 | 787,207 |
42
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Philippines (cont’d.) | |||||
Philippine Government International Bond, (cont’d.) | |||||
Sr. Unsec’d. Notes, EMTN | 0.875 % | 05/17/27 | EUR | 4,000 | $3,857,480 |
Sr. Unsec’d. Notes, Series 11 | 0.990 | 08/15/28 | JPY | 800,000 | 5,954,043 |
Sr. Unsec’d. Notes, Series 15 | 0.590 | 08/15/29 | JPY | 1,700,000 | 12,188,892 |
31,658,748 | |||||
Poland 0.0% | |||||
Republic of Poland Government International Bond, Sr. Unsec’d. Notes, EMTN | 3.220 | 08/04/34 | JPY | 100,000 | 890,478 |
Portugal 0.8% | |||||
Metropolitano de Lisboa EPE, Gov’t. Gtd. Notes | 4.799 | 12/07/27 | EUR | 5,800 | 6,750,598 |
Portugal Obrigacoes do Tesouro OT, | |||||
Sr. Unsec’d. Notes, 144A(a) | 4.100 | 02/15/45 | EUR | 9,000 | 10,545,181 |
Unsec’d. Notes, 144A | 1.000 | 04/12/52 | EUR | 4,000 | 2,306,454 |
Regiao Autonoma Madeira, Gov’t. Gtd. Notes | 0.943 | 05/29/32 | EUR | 8,750 | 7,561,640 |
27,163,873 | |||||
Romania 0.5% | |||||
Romania Government Bond, | |||||
Bonds, Series 05YR | 3.650 | 07/28/25 | RON | 1,000 | 204,097 |
Bonds, Series 15YR | 3.650 | 09/24/31 | RON | 2,000 | 339,544 |
Romanian Government International Bond, | |||||
Sr. Unsec’d. Notes, 144A, MTN | 2.500 | 02/08/30 | EUR | 4,150 | 3,620,617 |
Sr. Unsec’d. Notes, EMTN | 2.124 | 07/16/31 | EUR | 2,000 | 1,592,675 |
Sr. Unsec’d. Notes, EMTN | 2.375 | 04/19/27 | EUR | 1,000 | 975,581 |
Sr. Unsec’d. Notes, EMTN | 3.375 | 02/08/38 | EUR | 2,138 | 1,641,556 |
Sr. Unsec’d. Notes, EMTN(a) | 3.500 | 04/03/34 | EUR | 1,000 | 841,182 |
Sr. Unsec’d. Notes, EMTN | 3.875 | 10/29/35 | EUR | 1,000 | 843,900 |
Sr. Unsec’d. Notes, EMTN | 4.125 | 03/11/39 | EUR | 2,966 | 2,418,365 |
Sr. Unsec’d. Notes, MTN | 2.875 | 05/26/28 | EUR | 700 | 672,681 |
Unsec’d. Notes, 144A, MTN | 2.124 | 07/16/31 | EUR | 3,600 | 2,866,814 |
Unsec’d. Notes, 144A, MTN | 2.875 | 05/26/28 | EUR | 1,100 | 1,057,070 |
17,074,082 | |||||
San Marino 0.0% | |||||
San Marino Government Bond, Sr. Unsec’d. Notes | 3.250 | 02/24/24 | EUR | 269 | 287,861 |
43
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Saudi Arabia 0.3% | |||||
Saudi Government International Bond, Sr. Unsec’d. Notes | 2.000 % | 07/09/39 | EUR | 13,756 | $11,130,136 |
Serbia 0.8% | |||||
Serbia International Bond, | |||||
Sr. Unsec’d. Notes | 1.500 | 06/26/29 | EUR | 6,000 | 4,919,898 |
Sr. Unsec’d. Notes | 3.125 | 05/15/27 | EUR | 15,595 | 15,113,524 |
Sr. Unsec’d. Notes, 144A(a) | 2.125 | 12/01/30 | 9,015 | 6,850,273 | |
26,883,695 | |||||
Singapore 0.0% | |||||
Housing & Development Board, Sr. Unsec’d. Notes, MTN | 2.320 | 01/24/28 | SGD | 500 | 359,953 |
Slovenia 0.0% | |||||
Slovenia Government Bond, Unsec’d. Notes, Series RS86 | 0.000 | 02/12/31 | EUR | 100 | 82,826 |
South Korea 0.1% | |||||
Export-Import Bank of Korea, | |||||
Sr. Unsec’d. Notes, 144A, MTN | 6.700 | 12/02/24 | IDR | 40,000 | 2,673 |
Sr. Unsec’d. Notes, 144A, MTN | 8.000 | 05/15/24 | IDR | 6,800,000 | 462,005 |
Sr. Unsec’d. Notes, EMTN | 4.140 | 09/04/23 | CNH | 5,000 | 744,191 |
Sr. Unsec’d. Notes, EMTN | 7.250 | 12/07/24 | IDR | 10,000,000 | 675,804 |
Sr. Unsec’d. Notes, EMTN | 8.000 | 05/15/24 | IDR | 19,600,000 | 1,332,530 |
3,217,203 | |||||
Spain 1.9% | |||||
Autonomous Community of Catalonia, | |||||
Sr. Unsec’d. Notes | 4.690 | 10/28/34 | EUR | 588 | 656,733 |
Sr. Unsec’d. Notes, EMTN, EURIBOR ICE SWAP 11:00 Fft 10Y Index + 0.000% (Cap 12.000%, Floor 5.480%) | 5.480(c) | 05/11/29 | EUR | 1,000 | 1,196,365 |
Sr. Unsec’d. Notes, EMTN | 5.900 | 05/28/30 | EUR | 3,250 | 3,880,962 |
Sr. Unsec’d. Notes, EMTN | 6.350 | 11/30/41 | EUR | 2,100 | 2,773,681 |
Spain Government Bond, | |||||
Sr. Unsec’d. Notes, 144A(k) | 1.000 | 10/31/50 | EUR | 10,600 | 6,310,773 |
Sr. Unsec’d. Notes, 144A(k) | 1.200 | 10/31/40 | EUR | 2,500 | 1,859,951 |
Sr. Unsec’d. Notes, 144A(k) | 1.850 | 07/30/35 | EUR | 7,225 | 6,590,209 |
Sr. Unsec’d. Notes, 144A(k) | 3.450 | 07/30/66 | EUR | 4,200 | 4,260,563 |
44
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Spain (cont’d.) | |||||
Spain Government Bond Coupon Strips, | |||||
Bonds | 0.246 %(s) | 01/31/32 | EUR | 3,900 | $3,158,613 |
Bonds | 0.320(s) | 01/31/33 | EUR | 2,100 | 1,635,712 |
Bonds(k) | 0.449(s) | 07/30/29 | EUR | 438 | 390,507 |
Bonds | 0.958(s) | 01/31/35 | EUR | 168 | 118,822 |
Bonds | 1.027(s) | 01/31/36 | EUR | 168 | 113,653 |
Bonds | 1.078(s) | 01/31/37 | EUR | 168 | 109,594 |
Bonds | 1.296(s) | 07/30/41 | EUR | 436 | 240,225 |
Bonds, Series CAC | 0.579(s) | 07/30/29 | EUR | 3,600 | 3,192,505 |
Bonds, Series CAC | 1.128(s) | 07/30/36 | EUR | 862 | 577,374 |
Bonds, Series CAC | 1.212(s) | 07/30/37 | EUR | 862 | 552,011 |
Bonds, Series CAC | 1.297(s) | 07/30/38 | EUR | 862 | 529,720 |
Bonds, Series CAC | 1.365(s) | 07/30/42 | EUR | 300 | 161,468 |
Bonds, Series CAC | 1.405(s) | 07/30/43 | EUR | 300 | 155,841 |
Bonds, Series CAC | 1.455(s) | 07/30/44 | EUR | 300 | 150,958 |
Bonds, Series CAC | 1.475(s) | 07/30/45 | EUR | 300 | 145,978 |
Bonds, Series CAC | 1.485(s) | 07/30/46 | EUR | 300 | 141,129 |
Bonds, Series CAC | 1.504(s) | 07/30/47 | EUR | 300 | 136,833 |
Bonds, Series CAC | 1.514(s) | 07/30/48 | EUR | 300 | 132,742 |
Bonds, Series CAC | 1.544(s) | 07/30/49 | EUR | 300 | 128,465 |
Bonds, Series CAC | 1.564(s) | 07/30/50 | EUR | 300 | 117,039 |
Bonds, Series CAC | 1.594(s) | 07/30/51 | EUR | 300 | 111,123 |
Bonds, Series CAC | 1.623(s) | 07/30/52 | EUR | 300 | 107,408 |
Bonds, Series CAC | 1.663(s) | 07/30/53 | EUR | 300 | 102,030 |
Bonds, Series CAC | 1.683(s) | 07/30/54 | EUR | 300 | 98,570 |
Bonds, Series CAC | 1.703(s) | 07/30/55 | EUR | 300 | 94,798 |
Bonds, Series CAC | 1.732(s) | 07/30/56 | EUR | 300 | 96,800 |
Bonds, Series CAC | 1.772(s) | 07/30/57 | EUR | 300 | 92,644 |
Bonds, Series CAC | 1.782(s) | 07/30/58 | EUR | 300 | 82,943 |
Bonds, Series CAC | 1.812(s) | 07/30/59 | EUR | 300 | 76,189 |
Bonds, Series CAC | 1.851(s) | 07/30/60 | EUR | 300 | 75,709 |
Bonds, Series CAC | 1.871(s) | 07/30/61 | EUR | 300 | 71,980 |
Bonds, Series CAC | 1.891(s) | 07/30/62 | EUR | 300 | 67,522 |
Bonds, Series CAC | 1.921(s) | 07/30/63 | EUR | 300 | 65,399 |
Bonds, Series CAC | 1.950(s) | 07/30/64 | EUR | 300 | 62,371 |
Bonds, Series CAC | 1.980(s) | 07/30/65 | EUR | 300 | 59,702 |
Bonds, Series CAC | 2.010(s) | 07/30/66 | EUR | 300 | 59,344 |
Spain Government Bond Principal Strips, Bonds | 0.794(s) | 07/30/41 | EUR | 1,700 | 931,363 |
Spain Government International Bond, Sr. Unsec’d. Notes, EMTN | 5.250 | 04/06/29 | GBP | 16,080 | 20,636,625 |
62,310,946 |
45
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Sweden 0.0% | |||||
Svensk Exportkredit AB, | |||||
Sr. Unsec’d. Notes, EMTN | 8.904 %(s) | 06/25/27 | ZAR | 1,400 | $54,709 |
Sr. Unsec’d. Notes, MTN | 2.665(s) | 05/11/37 | 110 | 58,498 | |
Sweden Government Bond, Bonds, 144A(k) | 3.500 | 03/30/39 | SEK | 10,000 | 1,158,242 |
1,271,449 | |||||
Tunisia 0.0% | |||||
Tunisian Republic, Sr. Unsec’d. Notes | 4.200 | 03/17/31 | JPY | 100,000 | 335,384 |
Ukraine 0.5% | |||||
Ukraine Government International Bond, | |||||
Sr. Unsec’d. Notes | 4.375 | 01/27/32(d) | EUR | 33,896 | 6,817,257 |
Sr. Unsec’d. Notes | 6.750 | 06/20/28(d) | EUR | 31,299 | 6,397,021 |
Sr. Unsec’d. Notes | 7.375 | 09/25/34(d) | 3,600 | 711,000 | |
Sr. Unsec’d. Notes | 7.750 | 09/01/26(d) | 1,875 | 402,891 | |
Sr. Unsec’d. Notes | 7.750 | 09/01/27(d) | 400 | 85,325 | |
Sr. Unsec’d. Notes | 7.750 | 09/01/28(d) | 500 | 108,500 | |
Sr. Unsec’d. Notes, 144A | 4.375 | 01/27/32(d) | EUR | 9,705 | 1,951,896 |
Sr. Unsec’d. Notes, 144A | 7.253 | 03/15/35(d) | 1,560 | 304,005 | |
16,777,895 | |||||
United Kingdom 0.3% | |||||
HM Treasury UK Sovereign Sukuk PLC, Unsec’d. Notes(k) | 0.333 | 07/22/26 | GBP | 500 | 552,850 |
Jersey International Bond, Sr. Unsec’d. Notes | 3.750 | 06/09/54 | GBP | 834 | 891,332 |
United Kingdom Gilt, | |||||
Bonds(k) | 1.250 | 10/22/41 | GBP | 100 | 81,924 |
Bonds(k) | 1.250 | 07/31/51 | GBP | 100 | 70,270 |
Bonds(k) | 1.500 | 07/22/47 | GBP | 100 | 78,806 |
Bonds(k) | 1.625 | 10/22/71 | GBP | 100 | 70,333 |
Bonds(k) | 1.750 | 01/22/49 | GBP | 100 | 82,692 |
Bonds(k) | 1.750 | 07/22/57 | GBP | 100 | 78,073 |
Bonds(k) | 2.500 | 07/22/65 | GBP | 100 | 94,588 |
Bonds(k) | 3.250 | 01/22/44 | GBP | 100 | 113,484 |
Bonds(k) | 3.500 | 07/22/68 | GBP | 100 | 121,243 |
Bonds(k) | 3.750 | 07/22/52 | GBP | 100 | 123,768 |
Bonds(k) | 4.000 | 01/22/60 | GBP | 100 | 132,713 |
Bonds(k) | 4.250 | 03/07/36 | GBP | 300 | 394,343 |
46
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
United Kingdom (cont’d.) | |||||
United Kingdom Gilt, (cont’d.) | |||||
Bonds(k) | 4.250 % | 09/07/39 | GBP | 180 | $235,435 |
Bonds(k) | 4.250 | 12/07/40 | GBP | 100 | 130,787 |
Bonds(k) | 4.250 | 12/07/46 | GBP | 4,475 | 5,894,477 |
Bonds(k) | 4.250 | 12/07/49 | GBP | 100 | 132,899 |
Bonds(k) | 4.250 | 12/07/55 | GBP | 100 | 136,105 |
Bonds(k) | 4.500 | 12/07/42 | GBP | 100 | 135,657 |
Bonds(k) | 4.750 | 12/07/38 | GBP | 100 | 138,469 |
Unsec’d. Notes(k) | 0.875 | 01/31/46 | GBP | 100 | 68,640 |
Unsec’d. Notes(k) | 1.125 | 01/31/39 | GBP | 100 | 84,768 |
9,843,656 | |||||
Uruguay 0.1% | |||||
Uruguay Government International Bond, Sr. Unsec’d. Notes | 6.875 | 09/28/25 | 2,202 | 2,288,016 | |
Total Sovereign Bonds (cost $1,086,512,079) | 825,393,470 | ||||
U.S. Government Agency Obligations 1.1% | |||||
Federal National Mortgage Assoc. | 5.375 | 12/07/28 | GBP | 19,307 | 25,684,471 |
Tennessee Valley Authority Sr. Unsec’d. Notes | 5.625 | 06/07/32 | GBP | 8,000 | 10,872,061 |
Total U.S. Government Agency Obligations (cost $47,389,168) | 36,556,532 | ||||
U.S. Treasury Obligations 0.3% | |||||
U.S. Treasury Bonds(h) | 1.125 | 08/15/40 | 160 | 106,050 | |
U.S. Treasury Bonds(h) | 2.250 | 05/15/41 | 545 | 434,467 | |
U.S. Treasury Notes(h)(k) | 1.375 | 02/15/23 | 1,365 | 1,363,134 | |
U.S. Treasury Notes | 1.500 | 11/30/28 | 55 | 48,959 | |
U.S. Treasury Notes(h) | 1.750 | 03/15/25 | 325 | 309,385 | |
U.S. Treasury Notes(h) | 1.875 | 02/15/32 | 1,615 | 1,417,919 | |
U.S. Treasury Notes(h)(k) | 2.875 | 05/15/32 | 2,035 | 1,939,291 | |
U.S. Treasury Notes(h)(k) | 4.375 | 10/31/24 | 3,400 | 3,401,461 | |
U.S. Treasury Strips Coupon | 1.872(s) | 05/15/31 | 85 | 63,056 | |
U.S. Treasury Strips Coupon | 1.888(s) | 08/15/29 | 345 | 272,496 | |
U.S. Treasury Strips Coupon(k) | 2.089(s) | 11/15/35 | 800 | 495,656 |
47
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
U.S. Treasury Obligations (Continued) | |||||
U.S. Treasury Strips Coupon | 2.251 %(s) | 08/15/40 | 800 | $409,844 | |
Total U.S. Treasury Obligations (cost $10,952,441) | 10,261,718 |
Shares | |||||
Common Stocks 0.1% | |||||
Spain 0.0% | |||||
Codere New Topco SA^ (original Cost $0; purchased 11/19/21)(f) | 16,439 | — | |||
United States 0.1% | |||||
Chesapeake Energy Corp. | 48,975 | 4,247,112 | |||
Ferrellgas Partners LP (Class B Stock)^ | 2,731 | 512,558 | |||
4,759,670 | |||||
Total Common Stocks (cost $839,518) | 4,759,670 | ||||
Preferred Stock 0.0% | |||||
United States | |||||
Citigroup Capital XIII, 11.172%(c), 3 Month LIBOR + 6.370%, Maturing 10/30/40 (cost $100,000) | 4,000 | 114,880 | |||
Total Long-Term Investments (cost $3,778,071,679) | 3,174,050,592 | ||||
Short-Term Investments 2.7% | |||||
Affiliated Mutual Fund 2.6% | |||||
PGIM Institutional Money Market Fund (cost $85,421,131; includes $85,069,580 of cash collateral for securities on loan)(b)(we) | 85,510,383 | 85,493,281 | |||
Options Purchased*~ 0.1% | |||||
(cost $1,021,778) | 3,825,485 | ||||
Total Short-Term Investments (cost $86,442,909) | 89,318,766 | ||||
48
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Value | ||||
TOTAL INVESTMENTS, BEFORE OPTIONS WRITTEN 99.4% (cost $3,864,514,588) | $3,263,369,358 | ||||
Options Written*~ (0.1)% | |||||
(premiums received $1,225,281) | (4,763,579) | ||||
TOTAL INVESTMENTS, NET OF OPTIONS WRITTEN 99.3% (cost $3,863,289,307) | 3,258,605,779 | ||||
Other assets in excess of liabilities(z) 0.7% | 21,934,158 | ||||
Net Assets 100.0% | $3,280,539,937 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: |
AUD—Australian Dollar | |
BRL—Brazilian Real | |
CAD—Canadian Dollar | |
CHF—Swiss Franc | |
CLP—Chilean Peso | |
CNH—Chinese Renminbi | |
COP—Colombian Peso | |
CZK—Czech Koruna | |
DKK—Danish Krone | |
EUR—Euro | |
GBP—British Pound | |
HKD—Hong Kong Dollar | |
HUF—Hungarian Forint | |
IDR—Indonesian Rupiah | |
ILS—Israeli Shekel | |
ITL—Italian Lira | |
JPY—Japanese Yen | |
KRW—South Korean Won | |
MXN—Mexican Peso | |
MYR—Malaysian Ringgit | |
NOK—Norwegian Krone | |
NZD—New Zealand Dollar | |
PEN—Peruvian Nuevo Sol | |
PLN—Polish Zloty | |
RON—Romanian Leu | |
SAR—Saudi Arabian Riyal | |
SEK—Swedish Krona | |
SGD—Singapore Dollar | |
THB—Thai Baht | |
USD—US Dollar | |
ZAR—South African Rand |
144A—Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, pursuant to the requirements of Rule 144A, may not be resold except to qualified institutional buyers. | |
A—Annual payment frequency for swaps | |
ABS—Asset-Backed Security | |
AID—Agency for International Development | |
BARC—Barclays Bank PLC |
49
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
BBR—New Zealand Bank Bill Rate | |
BBSW—Australian Bank Bill Swap Reference Rate | |
BNP—BNP Paribas S.A. | |
BOA—Bank of America, N.A. | |
BUBOR—Budapest Interbank Offered Rate | |
CAC—French Stock Market Index | |
CDOR—Canadian Dollar Offered Rate | |
CDX—Credit Derivative Index | |
CIBOR—Copenhagen Interbank Offered Rate | |
CITI—Citibank, N.A. | |
CLO—Collateralized Loan Obligation | |
CLOIS—Sinacofi Chile Interbank Rate Average | |
CPI—Consumer Price Index | |
CSI—Credit Suisse International | |
DB—Deutsche Bank AG | |
EMTN—Euro Medium Term Note | |
EURIBOR—Euro Interbank Offered Rate | |
EuroSTR—Euro Short-Term Rate | |
FHLMC—Federal Home Loan Mortgage Corporation | |
GMTN—Global Medium Term Note | |
GS—Goldman Sachs & Co. LLC | |
GSI—Goldman Sachs International | |
HICP—Harmonised Index of Consumer Prices | |
HSBC—HSBC Bank PLC | |
ICE—Intercontinental Exchange | |
IO—Interest Only (Principal amount represents notional) | |
JIBAR—Johannesburg Interbank Agreed Rate | |
JPM—JPMorgan Chase Bank N.A. | |
KLIBOR—Kuala Lumpur Interbank Offered Rate | |
KWCDC—Korean Won Certificate of Deposit | |
LIBOR—London Interbank Offered Rate | |
LP—Limited Partnership | |
M—Monthly payment frequency for swaps | |
MASTR—Morgan Stanley Structured Asset Security | |
MBS—Mortgage-Backed Security | |
MPLE—Maple Bonds | |
MSI—Morgan Stanley & Co International PLC | |
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 | |
SAN—Santander Bank, N.A. | |
SARON—Swiss Average Rate Overnight | |
SCB—Standard Chartered Bank | |
SOFR—Secured Overnight Financing Rate | |
SONIA—Sterling Overnight Index Average |
50
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
SORA—Singapore Overnight Rate Average | |
STRIPs—Separate Trading of Registered Interest and Principal of Securities | |
T—Swap payment upon termination | |
TD—The Toronto-Dominion Bank | |
TELBOR—Tel Aviv Interbank Offered Rate | |
THBFIX—Thai Baht Interest Rate Fixing | |
THOR—Thai Overnight Repurchase Rate | |
TONAR—Tokyo Overnight Average Rate | |
UAG—UBS AG | |
UBS—UBS Securities LLC | |
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 $35,297,446 and 1.1% of net assets. |
(a) | All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $82,374,462; cash collateral of $85,069,580 (included in liabilities) was received with which the Fund purchased highly liquid short-term investments. In the event of significant appreciation in value of securities on loan on the last business day of the reporting period, the Fund may reflect a collateral value that is less than the market value of the loaned securities and such shortfall is remedied the following business day. |
(b) | Represents security, or portion thereof, purchased with cash collateral received for securities on loan and includes dividend reinvestment. |
(c) | Variable rate instrument. The interest rate shown reflects the rate in effect at January 31, 2023. |
(cc) | Variable rate instrument. The rate shown is based on the latest available information as of January 31, 2023. 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. |
(f) | Indicates a restricted security that is acquired in unregistered, private sales from the issuing company or from an affiliate of the issuer and is considered restricted as to disposition under federal securities law; the aggregate original cost of such securities is $18,096,010. The aggregate value of $11,137,986 is 0.3% of net assets. |
(ff) | Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end. |
(h) | Represents security, or a portion thereof, segregated as collateral for OTC derivatives. |
(jj) | Represents original contract currency denomination, settlement to occur in Euro currency. |
(k) | Represents security, or a portion thereof, segregated as collateral for centrally cleared/exchange-traded derivatives. |
(oo) | Perpetual security. Maturity date represents next call date. |
(r) | Principal or notional amount is less than $500 par. |
(s) | Represents zero coupon bond or principal only security. Rate represents yield to maturity at purchase date. |
(we) | PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Institutional Money Market Fund. |
(z) | Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments: |
51
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Options Purchased:
OTC Swaptions | |||||||||||||||||
Description | Call/ Put | Counterparty | Expiration Date | Strike | Receive | Pay | Notional Amount (000)# | Value | |||||||||
2- Year Interest Rate Swap, 05/21/25 | Call | DB | 05/17/23 | 2.05% | 2.05%(A) | 3 Month SAIBOR(Q)/ 5.480% | SAR | 304,125 | $— | ||||||||
5- Year Interest Rate Swap, 01/30/29 | Call | GSI | 01/26/24 | 2.85% | 2.85%(A) | 3 Month TELBOR(Q)/ 3.930% | ILS | 75,000 | 52,029 | ||||||||
2- Year Interest Rate Swap, 05/21/25 | Put | DB | 05/17/23 | 2.05% | 3 Month SAIBOR(Q)/ 5.480% | 2.05%(A) | SAR | 304,125 | 3,773,456 | ||||||||
Total Options Purchased (cost $1,021,778) | $3,825,485 |
Options Written:
OTC Swaptions | |||||||||||||||||
Description | Call/ Put | Counterparty | Expiration Date | Strike | Receive | Pay | Notional Amount (000)# | Value | |||||||||
2- Year Interest Rate Swap, 05/19/25 | Call | DB | 05/17/23 | 1.13% | 3 Month LIBOR(Q)/ 4.814% | 1.13%(S) | 81,100 | $(258) | |||||||||
5- Year Interest Rate Swap, 01/30/29 | Call | GSI | 01/26/24 | 2.35% | 3 Month TELBOR(Q)/ 3.930% | 2.35%(A) | ILS | 75,000 | (3,167) | ||||||||
2- Year Interest Rate Swap, 05/19/25 | Put | DB | 05/17/23 | 1.13% | 1.13%(S) | 3 Month LIBOR(Q)/ 4.814% | 81,100 | (4,733,871) | |||||||||
5- Year Interest Rate Swap, 01/30/29 | Put | GSI | 01/26/24 | 3.65% | 3.65%(A) | 3 Month TELBOR(Q)/ 3.930% | ILS | 75,000 | (25,167) | ||||||||
GS_21-PJA††^ | Put | GSI | 06/17/24 | 0.25% | 0.25%(M) | GS_21-PJA(M) | 69,580 | (1,116) | |||||||||
Total Options Written (premiums received $1,225,281) | $(4,763,579) |
†† | The value of the contract, GS_21-PJA is derived from the aggregate credit performance of a pool of senior prime jumbo mortgages. The pool of prime jumbo mortgages is reset monthly. |
Futures contracts outstanding at January 31, 2023: | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Long Positions: | ||||||||
1,139 | 2 Year U.S. Treasury Notes | Mar. 2023 | $234,233,571 | $808,647 | ||||
1,166 | 10 Year U.S. Treasury Notes | Mar. 2023 | 133,525,225 | 1,559,116 |
52
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Futures contracts outstanding at January 31, 2023 (continued): | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Long Positions (cont’d): | ||||||||
938 | 20 Year U.S. Treasury Bonds | Mar. 2023 | $121,822,750 | $3,410,154 | ||||
547 | 30 Year U.S. Ultra Treasury Bonds | Mar. 2023 | 77,537,250 | 2,489,111 | ||||
1,805 | Japanese Yen Currency | Mar. 2023 | 174,261,469 | 6,187,685 | ||||
14,454,713 | ||||||||
Short Positions: | ||||||||
414 | 5 Year Euro-Bobl | Mar. 2023 | 52,794,396 | 1,015,435 | ||||
254 | 5 Year U.S. Treasury Notes | Mar. 2023 | 27,747,516 | 28 | ||||
11 | 10 Year Canadian Government Bonds | Mar. 2023 | 1,043,824 | (14,317) | ||||
899 | 10 Year Euro-Bund | Mar. 2023 | 133,720,733 | 4,429,026 | ||||
508 | 10 Year U.K. Gilt | Mar. 2023 | 65,453,338 | (33,320) | ||||
514 | 10 Year U.S. Ultra Treasury Notes | Mar. 2023 | 62,298,409 | (1,085,085) | ||||
1,993 | British Pound Currency | Mar. 2023 | 153,622,931 | (3,844,188) | ||||
473 | Euro Currency | Mar. 2023 | 64,401,906 | (2,693,280) | ||||
1,954 | Euro Schatz Index | Mar. 2023 | 224,633,162 | 1,425,552 | ||||
(800,149) | ||||||||
$13,654,564 |
Forward foreign currency exchange contracts outstanding at January 31, 2023:
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
Australian Dollar, | |||||||||||||
Expiring 04/19/23 | JPM | AUD | 53,880 | $37,655,230 | $38,145,587 | $490,357 | $— | ||||||
Expiring 10/31/23 | JPM | AUD | 4,867 | 3,379,499 | 3,467,178 | 87,679 | — | ||||||
Brazilian Real, | |||||||||||||
Expiring 02/02/23 | CITI | BRL | 19,292 | 3,796,223 | 3,798,797 | 2,574 | — | ||||||
British Pound, | |||||||||||||
Expiring 04/19/23 | BOA | GBP | 2,469 | 3,060,054 | 3,049,538 | — | (10,516) | ||||||
Expiring 04/19/23 | BOA | GBP | 697 | 864,145 | 860,631 | — | (3,514) | ||||||
Expiring 04/19/23 | MSI | GBP | 5,303 | 6,553,385 | 6,548,800 | — | (4,585) | ||||||
Canadian Dollar, | |||||||||||||
Expiring 04/19/23 | BOA | CAD | 56,927 | 42,487,660 | 42,812,211 | 324,551 | — | ||||||
Expiring 04/19/23 | BOA | CAD | 149 | 111,984 | 112,142 | 158 | — | ||||||
Chinese Renminbi, | |||||||||||||
Expiring 02/23/23 | BARC | CNH | 27,006 | 3,859,588 | 4,003,578 | 143,990 | — | ||||||
Expiring 02/23/23 | BNP | CNH | 5,408 | 758,183 | 801,721 | 43,538 | — | ||||||
Expiring 02/23/23 | CITI | CNH | 862,676 | 123,619,084 | 127,891,561 | 4,272,477 | — | ||||||
Expiring 02/23/23 | DB | CNH | 75,318 | 11,161,778 | 11,165,834 | 4,056 | — | ||||||
Expiring 02/23/23 | JPM | CNH | 353,761 | 50,293,029 | 52,445,042 | 2,152,013 | — |
53
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2023 (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.): | |||||||||||||
Chinese Renminbi (cont’d.), | |||||||||||||
Expiring 02/23/23 | MSI | CNH | 19,529 | $2,833,519 | $2,895,102 | $61,583 | $— | ||||||
Expiring 02/23/23 | UAG | CNH | 36,338 | 5,236,974 | 5,387,044 | 150,070 | — | ||||||
Expiring 02/23/23 | UAG | CNH | 22,379 | 3,228,921 | 3,317,714 | 88,793 | — | ||||||
Czech Koruna, | |||||||||||||
Expiring 04/19/23 | HSBC | CZK | 116,874 | 5,234,461 | 5,319,883 | 85,422 | — | ||||||
Danish Krone, | |||||||||||||
Expiring 04/19/23 | HSBC | DKK | 24,899 | 3,627,656 | 3,658,618 | 30,962 | — | ||||||
Euro, | |||||||||||||
Expiring 04/19/23 | DB | EUR | 3,075 | 3,354,004 | 3,358,736 | 4,732 | — | ||||||
Expiring 04/19/23 | DB | EUR | 1,399 | 1,525,473 | 1,528,203 | 2,730 | — | ||||||
Expiring 04/19/23 | UAG | EUR | 6,955 | 7,548,561 | 7,598,246 | 49,685 | — | ||||||
Hong Kong Dollar, | |||||||||||||
Expiring 02/23/23 | TD | HKD | 13,615 | 1,742,729 | 1,738,663 | — | (4,066) | ||||||
Expiring 02/23/23 | UAG | HKD | 5,000 | 642,804 | 638,491 | — | (4,313) | ||||||
Hungarian Forint, | |||||||||||||
Expiring 04/19/23 | HSBC | HUF | 2,663,470 | 6,978,005 | 7,223,115 | 245,110 | — | ||||||
Expiring 04/19/23 | HSBC | HUF | 1,775,646 | 4,680,822 | 4,815,410 | 134,588 | — | ||||||
Expiring 04/19/23 | JPM | HUF | 1,066,869 | 2,833,009 | 2,893,262 | 60,253 | — | ||||||
Expiring 04/19/23 | TD | HUF | 1,600,303 | 4,266,405 | 4,339,892 | 73,487 | — | ||||||
Indonesian Rupiah, | |||||||||||||
Expiring 03/15/23 | JPM | IDR | 114,183,111 | 7,272,346 | 7,606,645 | 334,299 | — | ||||||
Israeli Shekel, | |||||||||||||
Expiring 03/15/23 | CITI | ILS | 17,431 | 5,101,097 | 5,058,112 | — | (42,985) | ||||||
Japanese Yen, | |||||||||||||
Expiring 04/19/23 | BARC | JPY | 16,210,351 | 127,979,856 | 125,902,101 | — | (2,077,755) | ||||||
Expiring 10/31/23 | BARC | JPY | 525,393 | 5,512,000 | 4,195,356 | — | (1,316,644) | ||||||
Expiring 10/31/23 | BARC | JPY | 406,236 | 4,196,000 | 3,243,865 | — | (952,135) | ||||||
Expiring 10/31/23 | DB | JPY | 511,039 | 5,353,999 | 4,080,740 | — | (1,273,259) | ||||||
Expiring 10/31/23 | GSI | JPY | 1,254,996 | 12,881,000 | 10,021,367 | — | (2,859,633) | ||||||
Expiring 10/31/23 | MSI | JPY | 1,637,975 | 15,824,364 | 13,079,522 | — | (2,744,842) | ||||||
Malaysian Ringgit, | |||||||||||||
Expiring 03/15/23 | BARC | MYR | 51,967 | 11,882,348 | 12,234,832 | 352,484 | — | ||||||
Mexican Peso, | |||||||||||||
Expiring 03/15/23 | CITI | MXN | 105,868 | 5,425,098 | 5,578,384 | 153,286 | — | ||||||
Expiring 04/28/23 | JPM | MXN | 110,648 | 4,577,425 | 5,783,123 | 1,205,698 | — | ||||||
Expiring 04/28/23 | MSI | MXN | 352,530 | 14,859,000 | 18,425,338 | 3,566,338 | — | ||||||
New Zealand Dollar, | |||||||||||||
Expiring 04/19/23 | MSI | NZD | 14,046 | 8,916,007 | 9,082,459 | 166,452 | — | ||||||
Norwegian Krone, | |||||||||||||
Expiring 04/19/23 | CITI | NOK | 93,920 | 9,520,897 | 9,444,147 | — | (76,750) | ||||||
Peruvian Nuevo Sol, | |||||||||||||
Expiring 03/15/23 | BNP | PEN | 25,650 | 6,662,338 | 6,646,367 | — | (15,971) |
54
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2023 (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.): | |||||||||||||
Polish Zloty, | |||||||||||||
Expiring 04/19/23 | MSI | PLN | 89,071 | $20,249,299 | $20,440,410 | $191,111 | $— | ||||||
Romanian Leu, | |||||||||||||
Expiring 04/19/23 | JPM | RON | 11,029 | 2,391,355 | 2,426,785 | 35,430 | — | ||||||
Singapore Dollar, | |||||||||||||
Expiring 03/15/23 | MSI | SGD | 8,812 | 6,521,028 | 6,713,333 | 192,305 | — | ||||||
South Korean Won, | |||||||||||||
Expiring 03/15/23 | JPM | KRW | 59,496,242 | 45,767,044 | 48,315,314 | 2,548,270 | — | ||||||
Thai Baht, | |||||||||||||
Expiring 03/15/23 | MSI | THB | 326,660 | 9,499,522 | 9,939,929 | 440,407 | — | ||||||
$671,725,208 | $678,033,128 | 17,694,888 | (11,386,968) |
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
Brazilian Real, | |||||||||||||
Expiring 02/02/23 | CITI | BRL | 19,292 | $3,574,918 | $3,798,796 | $— | $(223,878) | ||||||
Expiring 03/02/23 | CITI | BRL | 19,292 | 3,777,750 | 3,781,489 | — | (3,739) | ||||||
British Pound, | |||||||||||||
Expiring 04/19/23 | BNP | GBP | 2,377 | 2,931,248 | 2,935,625 | — | (4,377) | ||||||
Expiring 04/19/23 | HSBC | GBP | 77,275 | 94,366,235 | 95,430,427 | — | (1,064,192) | ||||||
Expiring 04/19/23 | JPM | GBP | 4,061 | 5,036,383 | 5,015,267 | 21,116 | — | ||||||
Canadian Dollar, | |||||||||||||
Expiring 04/19/23 | BNP | CAD | 2,509 | 1,881,137 | 1,886,640 | — | (5,503) | ||||||
Chinese Renminbi, | |||||||||||||
Expiring 02/23/23 | BARC | CNH | 26,015 | 3,739,025 | 3,856,702 | — | (117,677) | ||||||
Expiring 02/23/23 | CITI | CNH | 26,414 | 3,815,686 | 3,915,812 | — | (100,126) | ||||||
Expiring 02/23/23 | CITI | CNH | 23,153 | 3,343,123 | 3,432,367 | — | (89,244) | ||||||
Expiring 02/23/23 | CITI | CNH | 23,145 | 3,423,668 | 3,431,295 | — | (7,627) | ||||||
Expiring 02/23/23 | GSI | CNH | 26,232 | 3,680,128 | 3,888,877 | — | (208,749) | ||||||
Expiring 02/23/23 | HSBC | CNH | 26,773 | 3,882,912 | 3,969,048 | — | (86,136) | ||||||
Euro, | |||||||||||||
Expiring 04/19/23 | BNP | EUR | 4,481 | 4,888,999 | 4,894,718 | — | (5,719) | ||||||
Expiring 04/19/23 | CITI | EUR | 7,881 | 8,596,619 | 8,609,351 | — | (12,732) | ||||||
Expiring 04/19/23 | JPM | EUR | 8,533 | 9,320,641 | 9,321,567 | — | (926) | ||||||
Expiring 04/19/23 | MSI | EUR | 92,466 | 100,878,391 | 101,014,364 | — | (135,973) | ||||||
Expiring 04/19/23 | SCB | EUR | 87,010 | 94,595,387 | 95,053,889 | — | (458,502) | ||||||
Hong Kong Dollar, | |||||||||||||
Expiring 02/23/23 | MSI | HKD | 22,002 | 2,806,219 | 2,809,570 | — | (3,351) |
55
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2023 (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.): | |||||||||||||
Japanese Yen, | |||||||||||||
Expiring 04/19/23 | BNP | JPY | 738,116 | $5,735,674 | $5,732,781 | $2,893 | $— | ||||||
Expiring 10/31/23 | CITI | JPY | 628,883 | 6,526,054 | 5,021,745 | 1,504,309 | — | ||||||
Expiring 10/31/23 | CITI | JPY | 115,153 | 1,102,894 | 919,519 | 183,375 | — | ||||||
Expiring 10/31/23 | GSI | JPY | 1,532,531 | 13,803,651 | 12,237,535 | 1,566,116 | — | ||||||
Expiring 10/31/23 | MSI | JPY | 2,309,705 | 20,805,025 | 18,443,410 | 2,361,615 | — | ||||||
Malaysian Ringgit, | |||||||||||||
Expiring 03/15/23 | BARC | MYR | 6,957 | 1,636,622 | 1,637,971 | — | (1,349) | ||||||
Mexican Peso, | |||||||||||||
Expiring 03/15/23 | GSI | MXN | 18,320 | 930,240 | 965,333 | — | (35,093) | ||||||
Expiring 04/28/23 | MSI | MXN | 463,178 | 20,111,923 | 24,208,461 | — | (4,096,538) | ||||||
Peruvian Nuevo Sol, | |||||||||||||
Expiring 03/15/23 | MSI | PEN | 50,915 | 13,183,520 | 13,192,909 | — | (9,389) | ||||||
South African Rand, | |||||||||||||
Expiring 03/15/23 | MSI | ZAR | 45,645 | 2,587,134 | 2,613,377 | — | (26,243) | ||||||
South Korean Won, | |||||||||||||
Expiring 03/15/23 | HSBC | KRW | 3,129,187 | 2,470,151 | 2,541,130 | — | (70,979) | ||||||
Expiring 03/15/23 | MSI | KRW | 2,673,119 | 2,170,643 | 2,170,768 | — | (125) | ||||||
Swedish Krona, | |||||||||||||
Expiring 04/19/23 | MSI | SEK | 22,561 | 2,164,960 | 2,166,634 | — | (1,674) | ||||||
Swiss Franc, | |||||||||||||
Expiring 04/19/23 | BNP | CHF | 1,533 | 1,682,264 | 1,688,699 | — | (6,435) | ||||||
Expiring 04/19/23 | MSI | CHF | 4,458 | 4,845,125 | 4,910,697 | — | (65,572) | ||||||
$454,294,349 | $455,496,773 | 5,639,424 | (6,841,848) | ||||||||||
$23,334,312 | $(18,228,816) |
Cross currency exchange contracts outstanding at January 31, 2023: | ||||||||||||||
Settlement | Type | Notional Amount (000) | In Exchange For (000) | Unrealized Appreciation | Unrealized Depreciation | Counterparty | ||||||||
OTC Cross Currency Exchange Contracts: | ||||||||||||||
10/31/23 | Buy | AUD | 8,947 | JPY | 599,449 | $1,587,001 | $— | DB | ||||||
10/31/23 | Buy | JPY | 277,535 | AUD | 3,979 | — | (618,411) | GSI | ||||||
10/31/23 | Buy | JPY | 671,731 | AUD | 9,835 | — | (1,642,418) | MSI | ||||||
$1,587,001 | $(2,260,829) |
56
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Credit default swap agreements outstanding at January 31, 2023:
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at January 31, 2023(4) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)**: | |||||||||||||||||
Emirate of Abu Dhabi | 12/20/26 | 1.000%(Q) | 1,000 | 0.351% | $24,636 | $(1,781) | $26,417 | BOA | |||||||||
Federation of Malaysia | 12/20/26 | 1.000%(Q) | 2,000 | 0.540% | 35,394 | (3,562) | 38,956 | BOA | |||||||||
Federative Republic of Brazil | 12/20/26 | 1.000%(Q) | 6,000 | 1.854% | (172,916) | (10,687) | (162,229) | BOA | |||||||||
Kingdom of Saudi Arabia | 12/20/26 | 1.000%(Q) | 1,000 | 0.551% | 17,316 | (1,781) | 19,097 | BOA | |||||||||
People’s Republic of China | 12/20/26 | 1.000%(Q) | 6,000 | 0.439% | 128,201 | (10,687) | 138,888 | BOA | |||||||||
Republic of Argentina | 12/20/26 | 1.000%(Q) | 1,000 | 34.511% | (641,629) | (1,781) | (639,848) | BOA | |||||||||
Republic of Chile | 12/20/26 | 1.000%(Q) | 1,000 | 0.794% | 8,562 | (1,781) | 10,343 | BOA | |||||||||
Republic of Colombia | 12/20/26 | 1.000%(Q) | 2,500 | 2.222% | (103,198) | (4,453) | (98,745) | BOA | |||||||||
Republic of Indonesia | 12/20/26 | 1.000%(Q) | 4,500 | 0.686% | 55,919 | (8,015) | 63,934 | BOA | |||||||||
Republic of Panama | 12/20/26 | 1.000%(Q) | 1,000 | 0.908% | 4,487 | (1,781) | 6,268 | BOA | |||||||||
Republic of Peru | 12/20/26 | 1.000%(Q) | 1,000 | 0.962% | 2,534 | (1,781) | 4,315 | BOA | |||||||||
Republic of Philippines | 12/20/26 | 1.000%(Q) | 1,000 | 0.732% | 10,792 | (1,781) | 12,573 | BOA | |||||||||
Republic of South Africa | 12/20/26 | 1.000%(Q) | 5,500 | 2.130% | (210,177) | (9,796) | (200,381) | BOA | |||||||||
Republic of Turkey | 12/20/26 | 1.000%(Q) | 6,000 | 5.264% | (816,235) | (10,687) | (805,548) | BOA | |||||||||
State of Qatar | 12/20/26 | 1.000%(Q) | 1,000 | 0.379% | 23,595 | (1,781) | 25,376 | BOA | |||||||||
United Mexican States | 12/20/26 | 1.000%(Q) | 5,500 | 0.943% | 17,691 | (9,796) | 27,487 | BOA | |||||||||
$(1,615,028) | $(81,931) | $(1,533,097) |
57
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Credit default swap agreements outstanding at January 31, 2023: (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 Agreement on credit indices— Buy Protection(1)**: | ||||||||||||||||
CDX.EM.36.V1 | 12/20/26 | 1.000%(Q) | 46,000 | $1,458,557 | $44,597 | $1,413,960 | BOA |
** | 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) | Implied Credit Spread at January 31, 2023(4) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
OTC Credit Default Swap Agreement on asset-backed and/or mortgage-backed securities - Sell Protection(2)^: | |||||||||||||||||
GS_21-PJA†† | 02/14/23 | 0.250%(M) | 40,214 | * | $13,667 | $(538) | $14,205 | GSI |
†† | The value of the contract, GS_21-PJA is derived from the aggregate credit performance of a pool of senior prime jumbo mortgages. The pool of prime jumbo mortgages is reset monthly. |
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): | ||||||||||||||||
Eskom Holdings SOC Ltd. | 12/20/23 | 1.000%(Q) | EUR | 2,640 | $60,185 | $109,905 | $(49,720) | DB | ||||||||
Gazprom PAO | 03/20/23 | 1.000%(Q) | 11,080 | 1,725,167 | 794,121 | 931,046 | BARC | |||||||||
Gazprom PAO | 12/20/23 | 1.000%(Q) | 1,410 | 422,781 | 242,236 | 180,545 | CITI | |||||||||
Gazprom PAO | 06/20/24 | 1.000%(Q) | 723 | 225,221 | 200,368 | 24,853 | HSBC | |||||||||
Gazprom PAO | 06/20/25 | 1.000%(Q) | EUR | 2,000 | 731,510 | 11,773 | 719,737 | BARC | ||||||||
Gazprom PAO | 12/20/25 | 1.000%(Q) | 2,000 | 682,188 | 774,835 | (92,647) | GSI | |||||||||
Gazprom PAO | 06/20/26 | 1.000%(Q) | 4,400 | 1,523,307 | 2,084,654 | (561,347) | HSBC | |||||||||
Gazprom PAO | 06/20/27 | 1.000%(Q) | 8,650 | 3,075,816 | 4,304,821 | (1,229,005) | HSBC | |||||||||
Gazprom PAO | 06/20/27 | 1.000%(Q) | 1,000 | 355,585 | 347,466 | 8,119 | HSBC | |||||||||
Gazprom PAO | 06/20/27 | 1.000%(Q) | 600 | 213,351 | 346,365 | (133,014) | JPM | |||||||||
Gazprom PAO | 12/20/27 | 1.000%(Q) | 3,300 | 1,187,598 | 1,577,302 | (389,704) | JPM | |||||||||
Republic of South Africa | 06/20/26 | 1.000%(Q) | 1,000 | 28,356 | 26,874 | 1,482 | GSI | |||||||||
U.S. Treasury Notes | 12/20/32 | 0.250%(Q) | EUR | 16,800 | 147,790 | 125,742 | 22,048 | BARC | ||||||||
$10,378,855 | $10,946,462 | $(567,607) |
58
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Credit default swap agreements outstanding at January 31, 2023: (continued)
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at January 31, 2023(4) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2): | |||||||||||||||||
American International Group, Inc. | 06/20/26 | 1.000%(Q) | 3,260 | 0.627% | $42,149 | $33,208 | $8,941 | BOA | |||||||||
Barclays PLC | 12/20/26 | 1.000%(Q) | EUR | 3,000 | 0.901% | 15,555 | 24,475 | (8,920) | CITI | ||||||||
BNP Paribas S.A. | 06/20/23 | 1.000%(Q) | EUR | 5,000 | 0.231% | 22,579 | 27,687 | (5,108) | BARC | ||||||||
DP World PLC | 12/20/24 | 1.000%(Q) | 2,000 | 1.019% | 1,699 | 3,542 | (1,843) | BARC | |||||||||
Emirate of Dubai | 12/20/24 | 1.000%(Q) | 1,000 | 0.312% | 13,693 | 1,424 | 12,269 | CITI | |||||||||
Eskom Holdings SOC Ltd. | 12/20/23 | 1.000%(Q) | 3,000 | 3.562% | (62,224) | (102,323) | 40,099 | DB | |||||||||
Gazprom PAO | 12/20/26 | 1.000%(Q) | 8,600 | 17.956% | (3,020,041) | (4,205,705) | 1,185,664 | HSBC | |||||||||
Generalitat de Cataluna | 12/20/25 | 1.000%(Q) | 4,900 | * | 83,846 | (26,986) | 110,832 | DB | |||||||||
Halliburton Co. | 12/20/26 | 1.000%(Q) | 4,240 | 0.534% | 76,010 | 31,582 | 44,428 | GSI | |||||||||
Hellenic Republic | 06/20/23 | 1.000%(Q) | 300 | 0.212% | 1,263 | (2,593) | 3,856 | CITI | |||||||||
Hellenic Republic | 06/20/24 | 1.000%(Q) | 1,000 | 0.442% | 8,712 | (56,321) | 65,033 | BARC | |||||||||
Hellenic Republic | 06/20/29 | 1.000%(Q) | 5,400 | 1.349% | (96,895) | (46,699) | (50,196) | BARC | |||||||||
Hellenic Republic | 12/20/29 | 1.000%(Q) | EUR | 5,000 | 1.131% | (36,663) | 14,645 | (51,308) | CITI | ||||||||
Hellenic Republic | 12/20/31 | 1.000%(Q) | 6,000 | 1.590% | (243,939) | (158,665) | (85,274) | CITI | |||||||||
International Bank for Reconstruction & Development | 06/20/23 | 0.250%(Q) | 34,770 | 0.190% | 18,346 | 13,209 | 5,137 | BOA | |||||||||
Israel Electric Corp. Ltd. | 12/20/24 | 1.000%(Q) | 1,000 | 1.036% | 551 | 4,845 | (4,294) | BARC | |||||||||
Japan Govt. | 06/20/28 | 1.000%(Q) | 15,000 | 0.273% | 551,548 | 563,784 | (12,236) | CITI | |||||||||
Kingdom of Spain | 06/20/24 | 1.000%(Q) | 700 | 0.120% | 9,155 | (6,615) | 15,770 | MSI | |||||||||
Kingdom of Spain | 06/20/25 | 1.000%(Q) | 9,940 | 0.230% | 186,059 | (45,599) | 231,658 | BOA | |||||||||
Kingdom of Spain | 06/20/25 | 1.000%(Q) | 7,500 | 0.230% | 140,387 | (42,594) | 182,981 | JPM |
59
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Credit default swap agreements outstanding at January 31, 2023: (continued)
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at January 31, 2023(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.): | |||||||||||||||||
Kingdom of Spain | 06/20/25 | 1.000%(Q) | 1,645 | 0.230% | $30,791 | $10,280 | $20,511 | BARC | |||||||||
People’s Republic of China | 12/20/24 | 1.000%(Q) | 1,000 | 0.270% | 14,449 | 7,971 | 6,478 | CITI | |||||||||
Republic of Colombia | 06/20/23 | 1.000%(Q) | 5,000 | 0.785% | 10,077 | (968) | 11,045 | GSI | |||||||||
Republic of Colombia | 12/20/26 | 1.000%(Q) | 1,000 | 2.222% | (41,279) | (45,339) | 4,060 | CITI | |||||||||
Republic of Estonia | 12/20/26 | 1.000%(Q) | 3,150 | 1.608% | (63,863) | 23,184 | (87,047) | JPM | |||||||||
Republic of Finland | 06/20/27 | 0.250%(Q) | 2,000 | 0.195% | 5,079 | 7,402 | (2,323) | BOA | |||||||||
Republic of Indonesia | 06/20/23 | 1.000%(Q) | 13,885 | 0.198% | 59,153 | (7,621) | 66,774 | CITI | |||||||||
Republic of Ireland | 12/20/26 | 1.000%(Q) | 2,000 | 0.188% | 61,170 | 2,534 | 58,636 | GSI | |||||||||
Republic of Ireland | 06/20/27 | 1.000%(Q) | 2,800 | 0.215% | 92,399 | 37,353 | 55,046 | MSI | |||||||||
Republic of Italy | 06/20/23 | 1.000%(Q) | 18,300 | 0.223% | 76,240 | (91,394) | 167,634 | BOA | |||||||||
Republic of Italy | 06/20/23 | 1.000%(Q) | 4,000 | 0.223% | 16,664 | — | 16,664 | MSI | |||||||||
Republic of Italy | 06/20/24 | 1.000%(Q) | 6,000 | 0.428% | 53,371 | (86,254) | 139,625 | BOA | |||||||||
Republic of Italy | 06/20/24 | 1.000%(Q) | 900 | 0.179% | 11,047 | (13,246) | 24,293 | DB | |||||||||
Republic of Italy | 06/20/26 | 1.000%(Q) | 4,200 | 0.790% | 32,712 | (111,104) | 143,816 | BOA | |||||||||
Republic of Kazakhstan | 06/20/23 | 1.000%(Q) | 7,695 | 0.410% | 26,546 | — | 26,546 | CITI | |||||||||
Republic of Panama | 12/20/26 | 1.000%(Q) | 4,200 | 0.908% | 18,844 | 9,396 | 9,448 | CITI | |||||||||
Republic of Poland | 06/20/24 | 1.000%(Q) | 6,615 | 0.655% | 38,546 | 7,116 | 31,430 | BNP | |||||||||
Republic of Serbia | 12/20/25 | 5.000%(Q) | 4,500 | 2.284% | 350,773 | 510,149 | (159,376) | CITI | |||||||||
Republic of Serbia | 12/20/25 | 1.000%(Q) | 1,000 | 2.284% | (32,832) | (841) | (31,991) | BNP | |||||||||
Republic of Slovenia | 06/20/24 | 1.000%(Q) | 900 | 0.173% | 11,122 | (18,163) | 29,285 | HSBC |
60
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Credit default swap agreements outstanding at January 31, 2023: (continued)
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at January 31, 2023(4) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont’d.): | |||||||||||||||||
Republic of South Africa | 06/20/23 | 1.000%(Q) | 5,000 | 0.645% | $12,761 | $(10,873) | $23,634 | DB | |||||||||
Republic of South Africa | 12/20/23 | 1.000%(Q) | 3,000 | 0.842% | 7,702 | (30,273) | 37,975 | BOA | |||||||||
Republic of South Africa | 06/20/31 | 1.000%(Q) | 3,000 | 3.314% | (439,566) | (319,722) | (119,844) | MSI | |||||||||
State of Illinois | 12/20/24 | 1.000%(Q) | 2,800 | 0.609% | 22,944 | (63,437) | 86,381 | GSI | |||||||||
State of Illinois | 06/20/28 | 1.000%(Q) | 1,000 | 1.138% | (5,075) | (66,923) | 61,848 | CITI | |||||||||
State of Qatar | 12/20/26 | 1.000%(Q) | 4,000 | 0.379% | 94,381 | 85,829 | 8,552 | CITI | |||||||||
U.S. Treasury Notes | 12/20/23 | 0.250%(Q) | EUR | 16,800 | 0.705% | (67,563) | (73,435) | 5,872 | BARC | ||||||||
UBS Group AG | 12/20/24 | 1.000%(Q) | EUR | 8,600 | 0.755% | 53,242 | 64,429 | (11,187) | BOA | ||||||||
United Kingdom of Great Britain and Northern Ireland | 12/20/27 | 1.000%(Q) | 1,000 | 0.216% | 36,273 | 21,762 | 14,511 | DB | |||||||||
United Mexican States | 12/20/26 | 1.000%(Q) | 4,000 | 0.943% | 12,866 | 3,674 | 9,192 | GSI | |||||||||
Verizon Communications, Inc. | 06/20/26 | 1.000%(Q) | 9,960 | 0.771% | 83,428 | 141,399 | (57,971) | GSI | |||||||||
$(1,705,808) | $(3,982,814) | $2,277,006 |
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 |
61
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | |
(3) | Notional amount represents the maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
(4) | Implied credit spreads, represented in absolute terms, utilized in determining the fair value of credit default swap agreements where the Fund is the seller of protection as of the reporting date serve as an indicator of the current status of the payment/ performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include up-front payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement. |
* | When an implied credit spread is not available, reference the fair value of credit default swap agreements on credit indices and asset-backed securities. Where the Fund is the seller of protection, it serves as an indicator of the current status of the payment/performance risk and represents the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the reporting date. Increasing fair value in absolute terms, when compared to the notional amount of the swap, represents a deterioration of the referenced entity’s credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement. |
Currency swap agreements outstanding at January 31, 2023: | ||||||||||||||||||
Notional Amount (000)# | Fund Receives | Notional Amount (000)# | Fund Pays | Counterparty | Termination Date | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | ||||||||||
OTC Currency Swap Agreements: | ||||||||||||||||||
CNH | 10,000 | 2.350%(Q) | 1,564 | 1 Day SOFR(Q)/ 4.310% | SCB | 01/10/27 | $(107,595) | $— | $(107,595) | |||||||||
IDR | 50,000,000 | 8.220%(S) | 3,454 | 6 Month LIBOR(S)/ 5.100% | CITI | 11/29/23 | (32,325) | — | (32,325) | |||||||||
PEN | 32,632 | 3.420%(S) | 8,000 | 6 Month LIBOR(S)/ 5.100% | MSI | 08/12/24 | 102,221 | — | 102,221 | |||||||||
$(37,699) | $— | $(37,699) |
62
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Inflation swap agreements outstanding at January 31, 2023: | ||||||||||||||
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Inflation Swap Agreements: | ||||||||||||||
EUR | 14,000 | 05/15/23 | 1.485%(T) | France CPI ex Tobacco Household(1)(T) | $— | $790,943 | $790,943 | |||||||
EUR | 14,000 | 05/15/23 | 1.510%(T) | Eurostat Eurozone HICP ex Tobacco(2)(T) | — | (1,644,183) | (1,644,183) | |||||||
$— | $(853,240) | $(853,240) |
(1) | The Fund pays the fixed rate and receives the floating rate. |
(2) | The Fund pays the floating rate and receives the fixed rate. |
Interest rate swap agreements outstanding at January 31, 2023:
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements: | ||||||||||||||
AUD | 18,000 | 12/03/29 | 2.700%(S) | 6 Month BBSW(2)(S)/ 3.675% | $(878,464) | $(952,972) | $(74,508) | |||||||
AUD | 10,000 | 07/10/33 | 2.987%(S) | 6 Month BBSW(2)(S)/ 3.675% | 114,381 | (696,703) | (811,084) | |||||||
AUD | 10,000 | 03/26/36 | 2.101%(S) | 6 Month BBSW(2)(S)/ 3.675% | — | (1,570,946) | (1,570,946) | |||||||
CAD | 51,805 | 04/03/25 | 0.970%(S) | 3 Month CDOR(2)(S)/ 5.020% | 74,159 | (2,981,398) | (3,055,557) | |||||||
CAD | 25,000 | 05/01/25 | 0.758%(S) | 3 Month CDOR(2)(S)/ 5.020% | (52) | (1,519,531) | (1,519,479) | |||||||
CAD | 12,150 | 12/03/48 | 2.800%(S) | 3 Month CDOR(2)(S)/ 5.020% | (221,971) | (1,090,850) | (868,879) | |||||||
CHF | 14,500 | 01/31/29 | 0.260%(A) | 1 Day SARON(2)(S)/ 0.946% | (58,580) | (1,245,391) | (1,186,811) | |||||||
CHF | 800 | 10/17/31 | 0.033%(A) | 1 Day SARON(2)(S)/ 0.946% | (707) | (123,504) | (122,797) | |||||||
CHF | 4,000 | 11/05/31 | 0.125%(A) | 1 Day SARON(2)(A)/ 0.946% | — | (558,377) | (558,377) | |||||||
CHF | 700 | 04/03/33 | 0.687%(A) | 1 Day SARON(2)(S)/ 0.946% | (3,932) | (77,252) | (73,320) |
63
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2023 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
CLP | 634,000 | 02/11/30 | 3.085%(S) | 1 Day CLOIS(2)(S)/ 11.250% | $— | $(138,539) | $(138,539) | |||||||
CLP | 800,000 | 07/13/30 | 2.030%(S) | 1 Day CLOIS(2)(S)/ 11.250% | — | (210,874) | (210,874) | |||||||
CNH | 78,000 | 09/03/24 | 2.860%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 2.200% | (33) | 97,049 | 97,082 | |||||||
CNH | 76,000 | 10/09/24 | 2.860%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 2.200% | (12) | 86,143 | 86,155 | |||||||
CNH | 98,660 | 11/01/24 | 3.120%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 2.200% | (117) | 208,964 | 209,081 | |||||||
CNH | 92,700 | 02/04/25 | 2.600%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 2.200% | — | 51,062 | 51,062 | |||||||
CNH | 330,000 | 02/05/25 | 2.600%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 2.200% | (48) | 180,399 | 180,447 | |||||||
CNH | 18,100 | 03/10/25 | 2.300%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 2.200% | (10) | (10,227) | (10,217) | |||||||
CNH | 25,000 | 03/12/25 | 2.400%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 2.200% | (2) | (8,480) | (8,478) | |||||||
CNH | 149,980 | 05/08/25 | 1.860%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 2.200% | (259) | (334,986) | (334,727) | |||||||
CNH | 80,785 | 06/01/25 | 1.973%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 2.200% | 24 | (156,388) | (156,412) |
64
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2023 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
CNH | 118,700 | 07/02/25 | 2.330%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 2.200% | $(42) | $(99,662) | $(99,620) | |||||||
CNH | 161,860 | 07/13/25 | 2.653%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 2.200% | (104) | 52,256 | 52,360 | |||||||
CNH | 48,542 | 08/06/25 | 2.555%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 2.200% | (42) | 32 | 74 | |||||||
CNH | 129,600 | 09/01/25 | 2.735%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 2.200% | (87) | 87,617 | 87,704 | |||||||
CNH | 225,740 | 11/02/25 | 2.588%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 2.200% | 358 | 13,481 | 13,123 | |||||||
CNH | 200,000 | 12/09/25 | 2.855%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 2.200% | — | 186,665 | 186,665 | |||||||
CNH | 192,490 | 01/05/26 | 2.660%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 2.200% | (311) | 11,074 | 11,385 | |||||||
CNH | 40,000 | 03/03/26 | 2.840%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 2.200% | (74) | 32,089 | 32,163 | |||||||
CNH | 50,000 | 03/23/26 | 2.875%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 2.200% | — | 47,181 | 47,181 | |||||||
CNH | 345,920 | 04/12/26 | 2.810%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 2.200% | (798) | 198,879 | 199,677 |
65
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2023 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
CNH | 6,300 | 12/22/26 | 2.460%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 2.200% | $— | $(11,078) | $(11,078) | |||||||
CZK | 875,720 | 01/28/24 | 1.938%(A) | 6 Month PRIBOR(2)(S)/ 7.220% | — | (1,976,963) | (1,976,963) | |||||||
DKK | 13,600 | 05/04/25 | 0.825%(A) | 6 Month CIBOR(2)(S)/ 3.233% | 12 | (106,507) | (106,519) | |||||||
DKK | 5,000 | 08/29/26 | 0.580%(A) | 6 Month CIBOR(2)(S)/ 3.233% | 14 | (66,433) | (66,447) | |||||||
DKK | 1,300 | 10/21/26 | 0.673%(A) | 6 Month CIBOR(2)(S)/ 3.233% | 10 | (17,336) | (17,346) | |||||||
DKK | 13,000 | 03/15/27 | 1.123%(A) | 6 Month CIBOR(2)(S)/ 3.233% | — | (141,387) | (141,387) | |||||||
DKK | 1,865 | 06/22/27 | 0.987%(A) | 6 Month CIBOR(2)(S)/ 3.233% | — | (22,720) | (22,720) | |||||||
EUR | 447,550 | 11/23/24 | (0.046)%(A) | 6 Month EURIBOR(2)(S)/ 2.922% | — | (15,764,649) | (15,764,649) | |||||||
EUR | 27,230 | 08/15/30 | (0.191)%(A) | 1 Day EuroSTR(2)(A)/ 1.894% | (11,215) | (5,802,011) | (5,790,796) | |||||||
EUR | 6,400 | 02/23/32 | 1.180%(A) | 6 Month EURIBOR(2)(S)/ 2.922% | 147 | (875,754) | (875,901) | |||||||
EUR | 4,680 | 03/29/32 | 1.170%(A) | 6 Month EURIBOR(2)(S)/ 2.922% | 1,356 | (669,027) | (670,383) | |||||||
EUR | 4,150 | 05/11/32 | 1.100%(A) | 6 Month EURIBOR(2)(S)/ 2.922% | (74,994) | (629,961) | (554,967) | |||||||
EUR | 7,000 | 06/28/32 | 0.785%(A) | 6 Month EURIBOR(2)(S)/ 2.922% | (49,145) | (1,280,717) | (1,231,572) | |||||||
EUR | 3,050 | 10/30/32 | 1.302%(A) | 6 Month EURIBOR(2)(S)/ 2.922% | — | (443,305) | (443,305) |
66
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2023 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
EUR | 14,225 | 05/11/33 | 1.000%(A) | 6 Month EURIBOR(2)(S)/ 2.922% | $(305,533) | $(2,523,600) | $(2,218,067) | |||||||
EUR | 365 | 05/11/39 | 1.100%(A) | 1 Day EuroSTR(2)(A)/ 1.894% | (2,943) | (78,330) | (75,387) | |||||||
EUR | 12,485 | 11/24/41 | 0.565%(A) | 6 Month EURIBOR(1)(S)/ 2.922% | — | 1,894,273 | 1,894,273 | |||||||
EUR | 12,485 | 11/24/41 | 0.600%(A) | 3 Month EURIBOR(2)(Q)/ 2.512% | — | (2,012,286) | (2,012,286) | |||||||
EUR | 30,272 | 11/25/41 | 0.629%(A) | 6 Month EURIBOR(1)(S)/ 2.922% | — | 4,445,940 | 4,445,940 | |||||||
EUR | 30,272 | 11/25/41 | 0.663%(A) | 3 Month EURIBOR(2)(Q)/ 2.512% | — | (4,735,413) | (4,735,413) | |||||||
EUR | 8,450 | 02/17/42 | 0.536%(A) | 6 Month EURIBOR(2)(S)/ 2.922% | — | (2,953,952) | (2,953,952) | |||||||
EUR | 17,040 | 03/22/42 | 1.257%(A) | 6 Month EURIBOR(1)(S)/ 2.922% | — | 1,644,719 | 1,644,719 | |||||||
EUR | 17,040 | 03/22/42 | 1.310%(A) | 3 Month EURIBOR(2)(Q)/ 2.512% | — | (1,787,721) | (1,787,721) | |||||||
EUR | 1,235 | 07/04/42 | 1.001%(A) | 6 Month EURIBOR(2)(S)/ 2.922% | (120,358) | (339,113) | (218,755) | |||||||
EUR | 14,270 | 03/09/46 | 0.425%(A) | 6 Month EURIBOR(2)(S)/ 2.922% | — | (5,742,437) | (5,742,437) | |||||||
EUR | 4,635 | 05/11/49 | 1.450%(A) | 6 Month EURIBOR(2)(S)/ 2.922% | 404,295 | (937,352) | (1,341,647) | |||||||
GBP | 86,340 | 05/08/27 | 1.050%(A) | 1 Day SONIA(1)(A)/ 3.427% | 5,485,601 | 11,605,008 | 6,119,407 | |||||||
GBP | 11,110 | 05/08/29 | 1.100%(A) | 1 Day SONIA(1)(A)/ 3.427% | 1,143,915 | 1,914,280 | 770,365 |
67
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2023 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
GBP | 6,355 | 05/08/32 | 1.150%(A) | 1 Day SONIA(2)(A)/ 3.427% | $(1,003,135) | $(1,500,472) | $(497,337) | |||||||
GBP | 7,500 | 05/08/37 | 1.200%(A) | 1 Day SONIA(2)(A)/ 3.427% | (2,488,591) | (2,372,266) | 116,325 | |||||||
GBP | 15,305 | 05/08/42 | 1.250%(A) | 1 Day SONIA(2)(A)/ 3.427% | 86,413 | (5,767,595) | (5,854,008) | |||||||
GBP | 13,725 | 05/08/46 | 1.250%(A) | 1 Day SONIA(2)(A)/ 3.427% | 2,435,344 | (5,598,145) | (8,033,489) | |||||||
GBP | 3,440 | 05/08/49 | 1.250%(A) | 1 Day SONIA(2)(A)/ 3.427% | 678,678 | (1,495,520) | (2,174,198) | |||||||
GBP | 3,540 | 09/03/50 | 0.328%(A) | 1 Day SONIA(2)(A)/ 3.427% | (33) | (2,312,065) | (2,312,032) | |||||||
GBP | 1,800 | 05/08/52 | 1.250%(A) | 1 Day SONIA(2)(A)/ 3.427% | (236,954) | (845,718) | (608,764) | |||||||
HUF | 500,000 | 03/31/31 | 2.460%(A) | 6 Month BUBOR(2)(S)/ 15.600% | — | (486,836) | (486,836) | |||||||
ILS | 40,440 | 04/16/28 | 0.928%(A) | 3 Month TELBOR(2)(Q)/ 3.930% | (416) | (1,209,506) | (1,209,090) | |||||||
JPY | 3,276,010 | 12/20/24 | 0.126%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (9,162) | (54,535) | (45,373) | |||||||
JPY | 950,000 | 01/15/25 | 0.000%(S) | 1 Day TONAR(2)(S)/ (0.014)% | 615 | (36,342) | (36,957) | |||||||
JPY | 9,000,000 | 03/02/26 | 0.029%(S) | 1 Day TONAR(2)(S)/ (0.014)% | 15 | (712,613) | (712,628) | |||||||
JPY | 5,000,000 | 06/02/26 | 0.009%(S) | 1 Day TONAR(2)(S)/ (0.014)% | 35 | (484,093) | (484,128) | |||||||
JPY | 2,000,000 | 01/04/27 | (0.033)%(S) | 1 Day TONAR(2)(S)/ (0.014)% | 3,404 | (281,461) | (284,865) |
68
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2023 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
JPY | 2,100,000 | 05/06/27 | 0.020%(S) | 1 Day TONAR(2)(S)/ (0.014)% | $50 | $(303,850) | $(303,900) | |||||||
JPY | 7,080,000 | 07/08/28 | (0.050)%(A) | 1 Day TONAR(1)(A)/ (0.014)% | 1,970,701 | 1,648,755 | (321,946) | |||||||
JPY | 1,800,000 | 11/12/28 | 0.011%(S) | 1 Day TONAR(2)(S)/ (0.014)% | 67 | (468,876) | (468,943) | |||||||
JPY | 135,000 | 02/20/29 | 1.260%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (3,763) | 44,954 | 48,717 | |||||||
JPY | 2,500,000 | 03/22/29 | 0.068%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (1,640) | (659,403) | (657,763) | |||||||
JPY | 50,000 | 04/02/29 | 1.288%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (868) | 16,731 | 17,599 | |||||||
JPY | 100,000 | 08/18/29 | 1.070%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (2,426) | 23,223 | 25,649 | |||||||
JPY | 100,000 | 08/28/29 | 1.043%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (2,085) | 21,442 | 23,527 | |||||||
JPY | 200,000 | 09/09/29 | 1.061%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (3,862) | 44,344 | 48,206 | |||||||
JPY | 655,000 | 09/29/29 | 1.064%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (9,869) | 142,585 | 152,454 | |||||||
JPY | 300,000 | 07/02/30 | 0.047%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (199) | (118,524) | (118,325) | |||||||
JPY | 200,000 | 04/01/31 | 0.319%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (847) | (58,892) | (58,045) | |||||||
JPY | 215,000 | 05/06/31 | 0.354%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (474) | (60,815) | (60,341) | |||||||
JPY | 150,000 | 07/07/31 | 0.071%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (218) | (72,092) | (71,874) |
69
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2023 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
JPY | 700,000 | 08/05/31 | 0.026%(S) | 1 Day TONAR(2)(S)/ (0.014)% | $46 | $(361,894) | $(361,940) | |||||||
JPY | 256,500 | 08/15/31 | 0.223%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (1,259) | (99,483) | (98,224) | |||||||
JPY | 130,000 | 08/30/31 | 0.217%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (519) | (51,299) | (50,780) | |||||||
JPY | 120,000 | 09/08/31 | 0.316%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (673) | (39,657) | (38,984) | |||||||
JPY | 190,000 | 09/21/31 | 0.328%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (954) | (62,105) | (61,151) | |||||||
JPY | 350,000 | 10/14/31 | 0.270%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (1,020) | (130,286) | (129,266) | |||||||
JPY | 200,000 | 04/06/32 | 0.484%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (1,243) | (52,431) | (51,188) | |||||||
JPY | 159,520 | 04/07/32 | 0.491%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (992) | (41,045) | (40,053) | |||||||
JPY | 1,200,000 | 05/19/32 | 0.023%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (26) | (724,193) | (724,167) | |||||||
JPY | 800,000 | 05/29/32 | 0.016%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (3) | (489,430) | (489,427) | |||||||
JPY | 140,000 | 06/07/32 | 0.451%(S) | 1 Day TONAR(2)(S)/ (0.014)% | — | (42,657) | (42,657) | |||||||
JPY | 71,000 | 09/21/32 | 0.463%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (522) | (22,165) | (21,643) | |||||||
JPY | 160,000 | 11/14/32 | 2.390%(S) | 1 Day TONAR(2)(S)/ (0.014)% | — | 177,502 | 177,502 | |||||||
JPY | 900,000 | 01/04/38 | 0.757%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (23,277) | (419,830) | (396,553) |
70
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2023 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
JPY | 800,000 | 03/28/38 | 0.656%(S) | 1 Day TONAR(2)(S)/ (0.014)% | $(8,003) | $(463,805) | $(455,802) | |||||||
JPY | 675,000 | 04/06/38 | 0.655%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (5,983) | (394,216) | (388,233) | |||||||
JPY | 1,815,000 | 04/18/38 | 0.675%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (13,431) | (1,027,497) | (1,014,066) | |||||||
JPY | 285,000 | 07/08/38 | 0.200%(A) | 1 Day TONAR(1)(A)/ (0.014)% | 318,796 | 301,528 | (17,268) | |||||||
JPY | 600,000 | 08/10/38 | 0.822%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (12,851) | (247,105) | (234,254) | |||||||
JPY | 2,430,385 | 12/03/38 | 0.600%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (1,285) | (1,722,161) | (1,720,876) | |||||||
JPY | 969,000 | 12/03/39 | 0.650%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (558) | (711,748) | (711,190) | |||||||
JPY | 166,000 | 05/09/43 | 0.820%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (858) | (126,278) | (125,420) | |||||||
JPY | 2,000,000 | 10/23/45 | 0.333%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (6,423) | (3,290,512) | (3,284,089) | |||||||
JPY | 775,000 | 04/12/46 | 0.496%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (4,768) | (1,098,055) | (1,093,287) | |||||||
JPY | 110,291 | 04/15/46 | 0.560%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (714) | (145,089) | (144,375) | |||||||
JPY | 26,000 | 10/04/47 | 0.942%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (354) | (19,614) | (19,260) | |||||||
JPY | 560,000 | 11/24/47 | 0.888%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (1,474) | (481,734) | (480,260) | |||||||
JPY | 500,000 | 05/29/50 | 0.186%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (160) | (1,099,319) | (1,099,159) |
71
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2023 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
JPY | 500,000 | 08/26/50 | 0.334%(S) | 1 Day TONAR(2)(S)/ (0.014)% | $(3,663) | $(968,827) | $(965,164) | |||||||
JPY | 1,000,000 | 12/16/50 | 0.338%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (12,606) | (1,953,364) | (1,940,758) | |||||||
JPY | 1,200,000 | 02/08/51 | 0.467%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (14,990) | (2,056,023) | (2,041,033) | |||||||
JPY | 1,650,000 | 03/30/51 | 0.520%(S) | 1 Day TONAR(2)(S)/ (0.014)% | (12,952) | (2,679,331) | (2,666,379) | |||||||
KRW | 18,824,000 | 08/06/25 | 0.830%(Q) | 3 Month KWCDC(2)(Q)/ 3.540% | (13) | (1,029,067) | (1,029,054) | |||||||
KRW | 20,447,900 | 09/10/28 | 2.043%(Q) | 3 Month KWCDC(2)(Q)/ 3.540% | 474,093 | (964,636) | (1,438,729) | |||||||
KRW | 3,120,000 | 10/18/29 | 1.313%(Q) | 3 Month KWCDC(2)(Q)/ 3.540% | 9 | (275,868) | (275,877) | |||||||
KRW | 11,000,000 | 02/05/30 | 1.319%(Q) | 3 Month KWCDC(2)(Q)/ 3.540% | 15 | (1,053,521) | (1,053,536) | |||||||
KRW | 2,455,000 | 04/27/30 | 1.065%(Q) | 3 Month KWCDC(2)(Q)/ 3.540% | 2 | (262,342) | (262,344) | |||||||
KRW | 10,000,000 | 07/16/30 | 1.000%(Q) | 3 Month KWCDC(2)(Q)/ 3.540% | (39) | (1,142,433) | (1,142,394) | |||||||
KRW | 5,000,000 | 01/05/31 | 1.258%(Q) | 3 Month KWCDC(2)(Q)/ 3.540% | — | (531,711) | (531,711) | |||||||
KRW | 4,000,000 | 08/13/31 | 1.630%(Q) | 3 Month KWCDC(2)(Q)/ 3.540% | — | (369,436) | (369,436) | |||||||
NOK | 36,000 | 02/07/29 | 2.083%(A) | 6 Month NIBOR(2)(S)/ 3.450% | — | (162,693) | (162,693) | |||||||
NOK | 48,000 | 10/07/29 | 1.660%(A) | 6 Month NIBOR(2)(S)/ 3.450% | — | (424,698) | (424,698) |
72
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2023 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
NZD | 6,450 | 11/28/28 | 2.950%(S) | 3 Month BBR(2)(Q)/ 4.930% | $— | $(297,654) | $(297,654) | |||||||
PLN | 10,000 | 03/26/31 | 1.675%(A) | 6 Month WIBOR(2)(S)/ 6.990% | — | (551,878) | (551,878) | |||||||
SGD | 17,215 | 07/29/31 | 1.120%(S) | 1 Day SORA(2)(S)/ 3.869% | 102,413 | (2,004,422) | (2,106,835) | |||||||
THB | 120,000 | 08/23/23 | 1.920%(Q) | 1 Day THOR(2)(Q)/ 1.488% | — | 8,936 | 8,936 | |||||||
THB | 60,000 | 07/04/24 | 1.590%(Q) | 1 Day THOR(2)(Q)/ 1.488% | — | (5,659) | (5,659) | |||||||
THB | 173,600 | 04/28/30 | 1.020%(Q) | 1 Day THOR(2)(Q)/ 1.488% | — | (458,927) | (458,927) | |||||||
THB | 23,000 | 05/29/30 | 2.645%(Q) | 1 Day THOR(2)(Q)/ 1.488% | (967) | 16,629 | 17,596 | |||||||
THB | 72,900 | 06/25/30 | 0.990%(Q) | 1 Day THOR(2)(Q)/ 1.488% | — | (203,101) | (203,101) | |||||||
THB | 200,200 | 07/03/30 | 1.028%(Q) | 1 Day THOR(2)(Q)/ 1.488% | — | (543,637) | (543,637) | |||||||
THB | 115,500 | 08/17/31 | 1.320%(Q) | 1 Day THOR(2)(Q)/ 1.488% | — | (292,861) | (292,861) | |||||||
332,950 | 12/23/23 | 4.758%(T) | 1 Day SOFR(2)(T)/ 4.310% | — | (218,550) | (218,550) | ||||||||
324,340 | 01/06/24 | 4.892%(T) | 1 Day SOFR(2)(T)/ 4.310% | — | 182,173 | 182,173 | ||||||||
$7,668,013 | $(92,022,085) | $(99,690,098) |
73
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2023 (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: | |||||||||||||||
CNH | 10,000 | 04/02/26 | 3.120%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 2.200% | $20,071 | $3 | $20,068 | CITI | |||||||
CNH | 5,000 | 10/14/31 | 2.675%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 2.200% | (20,559) | — | (20,559) | SCB | |||||||
CNH | 30,000 | 11/02/31 | 2.700%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 2.200% | (108,628) | — | (108,628) | SCB | |||||||
ILS | 4,200 | 06/27/23 | 3.730%(A) | 3 Month TELBOR(2)(Q)/ 3.930% | 21,535 | — | 21,535 | CSI | |||||||
JPY | 35,000 | 12/14/32 | 1.575%(S) | 6 Month JPY LIBOR(2)(S)/ 0.072% | 17,520 | — | 17,520 | HSBC | |||||||
KRW | 3,300,000 | 04/17/23 | 2.170%(Q) | 3 Month KWCDC(2)(Q)/ 3.540% | (10,839) | (26) | (10,813) | MSI | |||||||
KRW | 900,000 | 11/05/24 | 2.425%(Q) | 3 Month KWCDC(2)(Q)/ 3.540% | (15,706) | — | (15,706) | CITI | |||||||
KRW | 1,485,000 | 10/28/26 | 1.520%(Q) | 3 Month KWCDC(2)(Q)/ 3.540% | (71,627) | (7) | (71,620) | JPM | |||||||
KRW | 2,040,000 | 04/26/27 | 1.880%(Q) | 3 Month KWCDC(2)(Q)/ 3.540% | (85,157) | — | (85,157) | MSI | |||||||
KRW | 1,280,000 | 10/17/28 | 1.450%(Q) | 3 Month KWCDC(2)(Q)/ 3.540% | (91,362) | — | (91,362) | CITI | |||||||
KRW | 520,000 | 01/27/31 | 1.870%(Q) | 3 Month KWCDC(2)(Q)/ 3.540% | (36,246) | — | (36,246) | JPM | |||||||
MYR | 16,000 | 08/19/23 | 3.445%(Q) | 3 Month KLIBOR(2)(Q)/ 3.680% | (2,534) | — | (2,534) | MSI | |||||||
MYR | 1,700 | 04/28/25 | 4.040%(Q) | 3 Month KLIBOR(2)(Q)/ 3.680% | 5,867 | — | 5,867 | CITI |
74
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2023 (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 | 23,575 | 04/09/26 | 2.625%(Q) | 3 Month KLIBOR(2)(Q)/ 3.680% | $(126,302) | $(279) | $(126,023) | MSI | |||||||
MYR | 45,900 | 08/12/26 | 2.605%(Q) | 3 Month KLIBOR(2)(Q)/ 3.680% | (300,259) | (564) | (299,695) | HSBC | |||||||
MYR | 3,160 | 07/11/29 | 3.528%(Q) | 3 Month KLIBOR(2)(Q)/ 3.680% | (3,980) | (6) | (3,974) | MSI | |||||||
MYR | 11,700 | 11/19/29 | 3.245%(Q) | 3 Month KLIBOR(2)(Q)/ 3.680% | (63,686) | 18 | (63,704) | MSI | |||||||
MYR | 17,800 | 02/04/30 | 3.060%(Q) | 3 Month KLIBOR(2)(Q)/ 3.680% | (146,846) | 9 | (146,855) | MSI | |||||||
THB | 28,900 | 04/30/25 | 2.560%(S) | 6 Month THBFIX(2)(S)/ 1.430% | 14,874 | — | 14,874 | CITI | |||||||
THB | 173,000 | 05/07/25 | 0.795%(S) | 6 Month THBFIX(2)(S)/ 1.430% | (137,455) | 13 | (137,468) | HSBC | |||||||
ZAR | 40,930 | 03/22/42 | 7.800%(Q) | 3 Month JIBAR(2)(Q)/ 7.467% | (254,583) | — | (254,583) | CITI | |||||||
ZAR | 89,400 | 09/22/42 | 8.020%(Q) | 3 Month JIBAR(2)(Q)/ 7.467% | (450,439) | — | (450,439) | CITI | |||||||
ZAR | 38,700 | 03/22/47 | 7.650%(Q) | 3 Month JIBAR(1)(Q)/ 7.467% | 288,814 | — | 288,814 | CITI | |||||||
ZAR | 83,965 | 09/22/47 | 7.890%(Q) | 3 Month JIBAR(1)(Q)/ 7.467% | 507,040 | — | 507,040 | CITI | |||||||
$(1,050,487) | $(839) | $(1,049,648) |
(1) | The Fund pays the fixed rate and receives the floating rate. |
(2) | The Fund pays the floating rate and receives the fixed rate. |
75
PGIM Global Total Return Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Total return swap agreements outstanding at January 31, 2023: | ||||||||||||||
Reference Entity | Financing Rate | Counterparty | Termination Date | Long (Short) Notional Amount (000)#(1) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation)(2) | |||||||
OTC Total Return Swap Agreement: | ||||||||||||||
iShares MBS ETF(T) | 1 Day SOFR -25bps(T)/ 4.060% | BNP | 02/03/23 | 25,193 | $1,423,329 | $— | $1,423,329 |
(1) | On a long total return swap, the Fund receives payments for any positive return on the reference entity (makes payments for any negative return) and pays the financing rate. On a short total return swap, the Fund makes payments for any positive return on the reference entity (receives payments for any negative return) and receives the financing rate. |
(2) | Upfront/recurring fees or commissions, as applicable, are included in the net unrealized appreciation (depreciation). |
Other information regarding the Fund is available in the Fund’s most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
76