PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Long-Term Investments 97.4% | |||||
Asset-Backed Securities 12.3% | |||||
Canada 0.1% | |||||
Fairstone Financial Issuance Trust, Series 2020-01A, Class A, 144A | 2.509 % | 10/20/39 | CAD | 1,500 | $1,087,180 |
Ford Auto Securitization Trust, | |||||
Series 2020-AA, Class B, 144A | 1.872 | 06/15/26 | CAD | 400 | 285,907 |
Series 2020-AA, Class C, 144A | 2.763 | 04/15/28 | CAD | 500 | 360,327 |
1,733,414 | |||||
Cayman Islands 3.7% | |||||
Battalion CLO Ltd., Series 2015-08A, Class A1R2, 144A, 3 Month SOFR + 1.332% (Cap N/A, Floor 1.070%) | 6.642(c) | 07/18/30 | 5,016 | 4,978,280 | |
Carlyle CLO Ltd., Series C17A, Class A1AR, 144A, 3 Month SOFR + 1.292% (Cap N/A, Floor 0.000%) | 6.661(c) | 04/30/31 | 14,980 | 14,903,190 | |
Carlyle US CLO Ltd., Series 2018-01A, Class A1, 144A, 3 Month SOFR + 1.282% (Cap N/A, Floor 0.000%) | 6.608(c) | 04/20/31 | 12,416 | 12,305,837 | |
Elevation CLO Ltd., Series 2017-06A, Class A1, 144A, 3 Month SOFR + 1.542% (Cap N/A, Floor 1.542%) | 6.850(c) | 07/15/29 | 281 | 279,040 | |
MidOcean Credit CLO, | |||||
Series 2018-08A, Class B, 144A, 3 Month LIBOR + 1.650% (Cap N/A, Floor 0.000%) | 7.029(c) | 02/20/31 | 2,000 | 1,951,891 | |
Series 2018-09A, Class A1, 144A, 3 Month SOFR + 1.412% (Cap N/A, Floor 1.150%) | 6.738(c) | 07/20/31 | 2,000 | 1,986,296 | |
Mountain View CLO Ltd., | |||||
Series 2015-09A, Class A2R, 144A, 3 Month SOFR + 2.042% (Cap N/A, Floor 0.000%) | 7.350(c) | 07/15/31 | 5,750 | 5,582,525 | |
Series 2019-01A, Class A1R, 144A, 3 Month SOFR + 1.512% (Cap N/A, Floor 1.250%) | 6.820(c) | 10/15/34 | 15,000 | 14,723,316 | |
OZLM Ltd., | |||||
Series 2014-06A, Class A2AS, 144A, 3 Month SOFR + 2.012% (Cap N/A, Floor 0.000%) | 7.320(c) | 04/17/31 | 2,000 | 1,975,600 | |
Series 2018-20A, Class A1, 144A, 3 Month SOFR + 1.312% (Cap N/A, Floor 1.050%) | 6.638(c) | 04/20/31 | 4,860 | 4,806,726 | |
Race Point CLO Ltd., Series 2013-08A, Class AR2, 144A, 3 Month LIBOR + 1.040% (Cap N/A, Floor 1.040%) | 6.419(c) | 02/20/30 | 7,446 | 7,386,538 |
1
PGIM Global Total Return Fund
Schedule of Investments as of July 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%) | 6.424 %(c) | 05/07/31 | 5,000 | $4,941,560 | |
Series 2014-05RA, Class B, 144A, 3 Month LIBOR + 1.700% (Cap N/A, Floor 0.000%) | 7.024(c) | 05/07/31 | 6,500 | 6,303,757 | |
Series 2017-10A, Class BR, 144A, 3 Month SOFR + 1.812% (Cap N/A, Floor 0.000%) | 7.138(c) | 04/20/29 | 10,000 | 9,822,986 | |
Voya CLO Ltd., Series 2013-02A, Class A1R, 144A, 3 Month SOFR + 1.232% (Cap N/A, Floor 0.970%) | 6.583(c) | 04/25/31 | 4,293 | 4,260,468 | |
Zais CLO Ltd., | |||||
Series 2015-03A, Class A2R, 144A, 3 Month SOFR + 2.452% (Cap N/A, Floor 0.000%) | 7.760(c) | 07/15/31 | 8,500 | 8,247,981 | |
Series 2017-02A, Class A, 144A, 3 Month SOFR + 1.552% (Cap N/A, Floor 0.000%) | 6.860(c) | 04/15/30 | 470 | 467,999 | |
104,923,990 | |||||
Ireland 6.9% | |||||
Anchorage Capital Europe CLO DAC, Series 04A, Class A, 144A, 3 Month EURIBOR + 0.870% (Cap N/A, Floor 0.870%) | 4.591(c) | 04/25/34 | EUR | 4,000 | 4,283,440 |
Ares European CLO DAC, Series 2013-06A, Class B1RR, 144A, 3 Month EURIBOR + 1.250% (Cap N/A, Floor 1.250%) | 4.913(c) | 04/15/30 | EUR | 8,000 | 8,507,578 |
Armada Euro CLO DAC, Series 02A, Class A3, 144A | 1.500 | 11/15/31 | EUR | 1,377 | 1,427,388 |
BNPP AM Euro CLO DAC, Series 2018-01A, Class AR, 144A, 3 Month EURIBOR + 0.600% (Cap N/A, Floor 0.600%) | 4.263(c) | 04/15/31 | EUR | 10,000 | 10,784,018 |
Bosphorus CLO DAC, Series 06A, Class A, 144A, 3 Month EURIBOR + 0.850% (Cap N/A, Floor 0.850%) | 4.272(c) | 05/25/34 | EUR | 20,000 | 21,395,142 |
Capital Four CLO DAC, Series 02A, Class A, 144A, 3 Month EURIBOR + 1.050% (Cap N/A, Floor 1.050%) | 4.713(c) | 01/15/34 | EUR | 23,000 | 24,807,955 |
Carlyle Euro CLO DAC, | |||||
Series 2017-02A, Class AA2R, 144A, 3 Month EURIBOR + 1.300% (Cap N/A, Floor 1.300%) | 4.623(c) | 08/15/30 | EUR | 9,500 | 10,099,010 |
Series 2019-01A, Class A1R, 144A, 3 Month EURIBOR + 0.750% (Cap N/A, Floor 0.750%) | 4.276(c) | 03/15/32 | EUR | 20,000 | 21,553,358 |
2
PGIM Global Total Return Fund
Schedule of Investments as of July 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%) | 4.713 %(c) | 01/15/34 | EUR | 15,000 | $16,168,990 |
Series 03A, Class B2, 144A | 2.000 | 01/15/34 | EUR | 11,500 | 10,698,732 |
Hayfin Emerald CLO DAC, Series 05A, Class A, 144A, 3 Month EURIBOR + 1.100% (Cap N/A, Floor 1.100%) | 4.458(c) | 11/17/32 | EUR | 18,500 | 20,045,787 |
Henley CLO DAC, Series 04A, Class A, 144A, 3 Month EURIBOR + 0.900% (Cap N/A, Floor 0.900%) | 4.621(c) | 04/25/34 | EUR | 5,000 | 5,376,243 |
Invesco Euro CLO DAC, Series 01A, Class A2R, 144A | 0.800 | 07/15/31 | EUR | 30,000 | 30,310,121 |
OAK Hill European Credit Partners DAC, Series 2017-06A, Class A2, 144A | 1.150 | 01/20/32 | EUR | 2,487 | 2,576,168 |
Providus CLO DAC, Series 02A, Class B1R, 144A, 3 Month EURIBOR + 1.650% (Cap N/A, Floor 1.650%) | 5.313(c) | 07/15/31 | EUR | 7,500 | 8,027,646 |
Rathlin Residential DAC, Series 2021-01A, Class A, 144A, 1 Month EURIBOR + 2.000% (Cap N/A, Floor 0.000%) | 5.413(c) | 09/27/75 | EUR | 994 | 1,028,013 |
197,089,589 | |||||
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%) | 5.422(c) | 11/25/60 | EUR | 1,143 | 1,206,487 |
TFS, | |||||
Series 2018-03, Class A1^ | 0.000(s) | 04/16/40 | EUR | —(r) | 1 |
Series 2018-03, Class A1, 1 Month EURIBOR + 3.000%^ | 6.446(c) | 03/15/26 | EUR | 3,136 | 2,962,109 |
4,168,597 | |||||
United Kingdom 0.1% | |||||
Newday Funding Master Issuer PLC, Series 2021-01A, Class A2, 144A, SOFR + 1.100% (Cap N/A, Floor 0.000%) | 6.267(c) | 03/15/29 | 3,500 | 3,483,550 |
3
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Asset-Backed Securities (Continued) | |||||
United States 1.4% | |||||
Ameriquest Mortgage Securities, Inc., Asset-Backed Pass-Through Certificates, | |||||
Series 2002-02, Class M3, 1 Month SOFR + 2.769% (Cap N/A, Floor 2.655%) | 5.165 %(c) | 08/25/32 | 156 | $151,800 | |
Series 2002-03, Class M3, 1 Month SOFR + 2.964% (Cap N/A, Floor 2.850%) | 8.262(c) | 08/25/32 | 108 | 103,894 | |
Chase Funding Trust, Series 2003-04, Class 2A2, 1 Month SOFR + 0.714% (Cap N/A, Floor 0.600%) | 6.012(c) | 05/25/33 | 460 | 447,392 | |
Commonbond Student Loan Trust, Series 2020-AGS, Class A, 144A | 1.980 | 08/25/50 | 1,856 | 1,581,772 | |
EquiFirst Mortgage Loan Trust, Series 2004-01, Class 1A1, 1 Month SOFR + 0.594% (Cap N/A, Floor 0.480%) | 5.892(c) | 01/25/34 | 400 | 377,250 | |
Ford Credit Auto Owner Trust, Series 2020-02, Class C, 144A | 1.740 | 04/15/33 | 1,300 | 1,177,409 | |
JPMorgan Chase Bank, NA, | |||||
Series 2020-01, Class R, 144A | 33.784 | 01/25/28 | 1,181 | 1,394,546 | |
Series 2020-02, Class E, 144A | 3.072 | 02/25/28 | 331 | 327,331 | |
Series 2020-02, Class R, 144A | 31.355 | 02/25/28 | 553 | 670,933 | |
Series 2021-01, Class E, 144A | 2.365 | 09/25/28 | 123 | 120,228 | |
Series 2021-01, Class F, 144A | 4.280 | 09/25/28 | 600 | 564,906 | |
Series 2021-01, Class R, 144A | 28.348 | 09/25/28 | 1,862 | 2,231,059 | |
Series 2021-02, Class F, 144A | 4.393 | 12/26/28 | 600 | 556,877 | |
Series 2021-03, Class F, 144A | 3.694 | 02/26/29 | 600 | 526,842 | |
Laurel Road Prime Student Loan Trust, | |||||
Series 2018-A, Class A, 144A | 0.000 | 02/25/43 | 3,430 | 735,236 | |
Series 2018-C, Class A, 144A | 0.000(cc) | 08/25/43 | 728 | 671,135 | |
Series 2019-A, Class R, 144A | 0.000 | 10/25/48 | 1,839 | 318,972 | |
Lending Funding Trust, Series 2020-02A, Class A, 144A | 2.320 | 04/21/31 | 1,100 | 977,075 | |
Lendmark Funding Trust, Series 2021-01A, Class D, 144A | 5.050 | 11/20/31 | 1,900 | 1,476,419 | |
Long Beach Mortgage Loan Trust, Series 2004-03, Class M1, 1 Month SOFR + 0.969% (Cap N/A, Floor 0.855%) | 6.267(c) | 07/25/34 | 102 | 97,017 | |
Mariner Finance Issuance Trust, Series 2020-AA, Class A, 144A | 2.190 | 08/21/34 | 1,800 | 1,735,319 | |
MASTR Asset-Backed Securities Trust, Series 2004-WMC02, Class M1, 1 Month SOFR + 1.014% (Cap N/A, Floor 0.900%) | 6.312(c) | 04/25/34 | 836 | 806,900 |
4
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Asset-Backed Securities (Continued) | |||||
United States (cont’d.) | |||||
Merrill Lynch Mortgage Investors Trust, Series 2004-HE02, Class M1, 1 Month SOFR + 1.314% (Cap N/A, Floor 1.200%) | 6.612 %(c) | 08/25/35 | 14 | $13,564 | |
Morgan Stanley Capital I, Inc. Trust, Series 2003-NC08, Class M1, 1 Month SOFR + 1.164% (Cap N/A, Floor 1.050%) | 6.462(c) | 09/25/33 | 64 | 62,998 | |
Morgan Stanley Dean Witter Capital I, Inc. Trust, Series 2002-AM03, Class A3, 1 Month SOFR + 1.094% (Cap N/A, Floor 0.980%) | 6.392(c) | 02/25/33 | 87 | 85,504 | |
Navient Private Education Refi Loan Trust, | |||||
Series 2020-GA, Class B, 144A | 2.500 | 09/16/69 | 2,000 | 1,541,920 | |
Series 2021-A, Class B, 144A | 2.240 | 05/15/69 | 1,850 | 1,331,309 | |
OneMain Direct Auto Receivables Trust, Series 2019-01A, Class B, 144A | 3.950 | 11/14/28 | 1,300 | 1,227,459 | |
PNMAC FMSR Issuer Trust, Series 2018-FT01, Class A, 144A, 1 Month LIBOR + 3.350% (Cap N/A, Floor 0.000%) | 8.762(c) | 04/25/25 | 4,290 | 4,253,387 | |
Santander Bank Auto Credit-Linked Notes, Series 2022-A, Class C, 144A | 7.375 | 05/15/32 | 1,292 | 1,267,708 | |
Santander Bank, NA, Series 2021-01A, Class D, 144A | 5.004 | 12/15/31 | 1,300 | 1,215,949 | |
Santander Consumer Auto Receivables Trust, | |||||
Series 2021-AA, Class D, 144A | 1.570 | 01/15/27 | 850 | 778,215 | |
Series 2021-AA, Class R, 144A | 0.000 | 08/15/28 | 6 | 300,645 | |
Silver Creek CLO Ltd., Series 2014-01A, Class AR, 144A, 3 Month SOFR + 1.502% (Cap N/A, Floor 0.000%) | 6.828(c) | 07/20/30 | 258 | 257,241 | |
SoFi Professional Loan Program LLC, Series 2019-C, Class BFX, 144A | 3.050 | 11/16/48 | 2,100 | 1,705,274 | |
SoFi RR Funding III Trust, Series 2020-01, Class A, 144A, 1 Month LIBOR + 2.250% (Cap N/A, Floor 1.250%) | 7.662(c) | 11/29/24 | 2,132 | 2,131,509 | |
TH MSR Issuer Trust, Series 2019-FT01, Class A, 144A, 1 Month SOFR + 2.914% (Cap N/A, Floor 2.800%) | 8.212(c) | 06/25/24 | 4,730 | 4,577,407 | |
Wellfleet CLO Ltd., Series 2017-03A, Class A1, 144A, 3 Month SOFR + 1.412% (Cap N/A, Floor 1.150%) | 6.720(c) | 01/17/31 | 2,431 | 2,402,042 | |
40,202,443 | |||||
Total Asset-Backed Securities (cost $384,975,385) | 351,601,583 |
5
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Commercial Mortgage-Backed Securities 8.1% | |||||
Canada 0.0% | |||||
Real Estate Asset Liquidity Trust, Series 2020-01A, Class A1, 144A | 2.381 %(cc) | 02/12/55 | CAD | 1,660 | $1,148,006 |
United Kingdom 0.9% | |||||
Taurus DAC, | |||||
Series 2021-UK1A, Class D, 144A, SONIA + 2.600% (Cap N/A, Floor 2.600%) | 7.320(c) | 05/17/31 | GBP | 546 | 649,465 |
Series 2021-UK4A, Class B, 144A, SONIA + 1.500% (Cap N/A, Floor 1.500%) | 6.220(c) | 08/17/31 | GBP | 4,980 | 6,064,885 |
Series 2021-UK4A, Class C, 144A, SONIA + 1.750% (Cap N/A, Floor 1.750%) | 6.470(c) | 08/17/31 | GBP | 8,176 | 9,739,627 |
Series 2021-UK4A, Class D, 144A, SONIA + 2.100% (Cap N/A, Floor 2.100%) | 6.820(c) | 08/17/31 | GBP | 6,800 | 7,932,914 |
24,386,891 | |||||
United States 7.2% | |||||
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 | 609,500 | |
Series 2018-20TS, Class H, 144A (original cost $885,052; purchased 05/09/18)(f) | 3.100(cc) | 05/15/35 | 1,000 | 589,500 | |
BANK, Series 2017-BNK05, Class A3 | 3.020 | 06/15/60 | 3,248 | 3,152,623 | |
Benchmark Mortgage Trust, Series 2020-B17, Class A4 | 2.042 | 03/15/53 | 6,200 | 4,990,390 | |
BX Commercial Mortgage Trust, | |||||
Series 2019-XL, Class F, 144A, 1 Month SOFR + 2.114% (Cap N/A, Floor 2.000%) | 7.336(c) | 10/15/36 | 2,805 | 2,766,180 | |
Series 2019-XL, Class G, 144A, 1 Month SOFR + 2.414% (Cap N/A, Floor 2.300%) | 7.636(c) | 10/15/36 | 7,416 | 7,285,622 | |
Series 2019-XL, Class J, 144A, 1 Month SOFR + 2.764% (Cap N/A, Floor 2.650%) | 7.986(c) | 10/15/36 | 22,142 | 21,435,664 | |
Cantor Commercial Real Estate Lending, Series 2019-CF02, Class A3 | 2.647 | 11/15/52 | 16,531 | 15,332,957 | |
CF Mortgage Trust, Series 2020-P01, Class A1, 144A | 2.840(cc) | 04/15/25 | 9,296 | 8,754,565 | |
Citigroup Commercial Mortgage Trust, | |||||
Series 2014-GC21, Class XB, IO | 0.435(cc) | 05/10/47 | 27,500 | 61,551 | |
Series 2016-GC37, Class XB, IO | 0.681(cc) | 04/10/49 | 33,868 | 526,241 | |
Series 2016-P04, Class XB, IO | 1.314(cc) | 07/10/49 | 9,100 | 306,821 | |
Series 2017-P08, Class A2 | 3.109 | 09/15/50 | 1,767 | 1,698,131 |
6
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Commercial Mortgage-Backed Securities (Continued) | |||||
United States (cont’d.) | |||||
Cold Storage Trust, Series 2020-ICE05, Class E, 144A, 1 Month SOFR + 2.880% (Cap N/A, Floor 2.766%) | 8.102 %(c) | 11/15/37 | 4,399 | $4,342,337 | |
Commercial Mortgage Trust, Series 2014-UBS04, Class XB, IO, 144A | 0.216(cc) | 08/10/47 | 50,000 | 82,645 | |
Credit Suisse Mortgage Capital Certificates, Series 2019-ICE04, Class E, 144A, 1 Month SOFR + 2.197% (Cap N/A, Floor 2.150%) | 7.419(c) | 05/15/36 | 14,090 | 13,937,569 | |
CSAIL Commercial Mortgage Trust, Series 2018-CX11, Class A3 | 4.095 | 04/15/51 | 1,039 | 1,024,929 | |
DBWF Mortgage Trust, Series 2016-85T, Class E, 144A | 3.808(cc) | 12/10/36 | 3,000 | 1,770,459 | |
Eleven Madison Mortgage Trust, Series 2015-11MD, Class C, 144A | 3.555(cc) | 09/10/35 | 500 | 378,884 | |
ELP Commercial Mortgage Trust, Series 2021-ELP, Class F, 144A, 1 Month SOFR + 2.781% (Cap N/A, Floor 2.667%) | 8.003(c) | 11/15/38 | 23,600 | 22,654,001 | |
FHLMC Multifamily Structured Pass-Through Certificates, | |||||
Series K037, Class X1, IO | 0.923(cc) | 01/25/24 | 8,136 | 18,677 | |
Series K043, Class X1, IO | 0.504(cc) | 12/25/24 | 11,449 | 70,561 | |
Series K049, Class X1, IO | 0.552(cc) | 07/25/25 | 36,991 | 335,023 | |
Series K052, Class X1, IO | 0.631(cc) | 11/25/25 | 11,376 | 126,430 | |
Series K053, Class X1, IO | 0.873(cc) | 12/25/25 | 43,493 | 747,764 | |
Series K054, Class X1, IO | 1.152(cc) | 01/25/26 | 29,188 | 671,375 | |
Series K058, Class X1, IO | 0.911(cc) | 08/25/26 | 39,221 | 889,189 | |
Series K090, Class X1, IO | 0.709(cc) | 02/25/29 | 22,844 | 773,769 | |
Series K111, Class X1, IO | 1.571(cc) | 05/25/30 | 29,257 | 2,423,142 | |
Series K113, Class X1, IO | 1.380(cc) | 06/25/30 | 118,444 | 8,636,167 | |
Series K114, Class X1, IO | 1.116(cc) | 06/25/30 | 75,189 | 4,563,123 | |
Series K116, Class X1, IO | 1.424(cc) | 07/25/30 | 48,976 | 3,671,629 | |
Series K121, Class X1, IO | 1.023(cc) | 10/25/30 | 126,360 | 7,049,318 | |
Series KG03, Class X1, IO | 1.378(cc) | 06/25/30 | 101,252 | 7,067,933 | |
Series Q001, Class XA, IO | 2.110(cc) | 02/25/32 | 5,689 | 442,446 | |
Greystone Commercial Capital Trust, Series 2021-03, Class A, 144A, 1 Month LIBOR + 2.230% (Cap N/A, Floor 2.230%) | 7.566(c) | 08/01/23 | 17,250 | 17,036,341 | |
GS Mortgage Securities Corp. Trust, | |||||
Series 2021-RENT, Class C, 144A, 1 Month SOFR + 1.664% (Cap N/A, Floor 1.550%) | 6.928(c) | 11/21/35 | 7,700 | 7,007,707 | |
Series 2021-RENT, Class D, 144A, 1 Month SOFR + 1.964% (Cap N/A, Floor 1.850%) | 7.228(c) | 11/21/35 | 4,454 | 3,919,685 |
7
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Commercial Mortgage-Backed Securities (Continued) | |||||
United States (cont’d.) | |||||
GS Mortgage Securities Trust, | |||||
Series 2014-GC20, Class XB, IO | 0.472 %(cc) | 04/10/47 | 30,000 | $52,710 | |
Series 2014-GC22, Class XB, IO | 0.295(cc) | 06/10/47 | 35,000 | 78,215 | |
Series 2014-GC24, Class XB, IO | 0.021(cc) | 09/10/47 | 83,262 | 16,061 | |
Series 2014-GC26, Class XB, IO | 0.297(cc) | 11/10/47 | 56,483 | 199,413 | |
JPMCC Commercial Mortgage Securities Trust, Series 2017-JP06, Class A3 | 3.109 | 07/15/50 | 2,240 | 2,178,890 | |
JPMDB Commercial Mortgage Securities Trust, Series 2020-COR07, Class A4 | 1.915 | 05/13/53 | 5,000 | 3,955,332 | |
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2018-AON, Class E, 144A | 4.613(cc) | 07/05/31 | 5,564 | 2,165,509 | |
MKT Mortgage Trust, Series 2020-525M, Class F, 144A | 2.941(cc) | 02/12/40 | 3,775 | 1,133,537 | |
Morgan Stanley Capital I Trust, | |||||
Series 2019-MEAD, Class E, 144A | 3.177(cc) | 11/10/36 | 1,700 | 1,287,576 | |
Series 2020-HR08, Class XB, IO | 0.876(cc) | 07/15/53 | 54,413 | 2,778,344 | |
One New York Plaza Trust, | |||||
Series 2020-01NYP, Class C, 144A, 1 Month SOFR + 2.314% (Cap N/A, Floor 2.200%) | 7.536(c) | 01/15/36 | 8,475 | 7,376,521 | |
Series 2020-01NYP, Class D, 144A, 1 Month SOFR + 2.864% (Cap N/A, Floor 2.750%) | 8.086(c) | 01/15/36 | 2,975 | 2,293,274 | |
UBS-Barclays Commercial Mortgage Trust, Series 2012-C02, Class XA, IO, 144A | 0.521(cc) | 05/10/63 | 399 | 4 | |
Wells Fargo Commercial Mortgage Trust, | |||||
Series 2016-C35, Class XB, IO | 0.929(cc) | 07/15/48 | 24,000 | 556,519 | |
Series 2016-LC24, Class XB, IO | 0.975(cc) | 10/15/49 | 20,910 | 545,799 | |
Series 2021-FCMT, Class B, 144A, 1 Month SOFR + 1.964% (Cap N/A, Floor 1.850%) | 7.186(c) | 05/15/31 | 1,800 | 1,680,459 | |
Series 2021-FCMT, Class C, 144A, 1 Month SOFR + 2.514% (Cap N/A, Floor 2.400%) | 7.736(c) | 05/15/31 | 1,700 | 1,559,432 | |
Series 2021-FCMT, Class D, 144A, 1 Month SOFR + 3.614% (Cap N/A, Floor 3.500%) | 8.836(c) | 05/15/31 | 2,200 | 1,978,087 | |
206,986,530 | |||||
Total Commercial Mortgage-Backed Securities (cost $258,253,807) | 232,521,427 |
8
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Convertible Bond 0.0% | |||||
Jamaica | |||||
Digicel Group Holdings Ltd., Sub. Notes, 144A, Cash coupon 7.000% or PIK N/A (original cost $36,600; purchased 03/21/23 - 04/03/23)(f) (cost $36,600) | 7.000 % | 08/16/23(oo) | 248 | $27,324 | |
Corporate Bonds 44.4% | |||||
Australia 0.0% | |||||
Australia & New Zealand Banking Group Ltd., Sr. Unsec’d. Notes, EMTN | 3.700 | 03/18/24 | CNH | 2,000 | 281,069 |
Belgium 0.2% | |||||
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc., Gtd. Notes(a) | 4.900 | 02/01/46 | 3,380 | 3,204,937 | |
Anheuser-Busch InBev Worldwide, Inc., Gtd. Notes | 5.550 | 01/23/49 | 2,980 | 3,089,613 | |
6,294,550 | |||||
Brazil 0.9% | |||||
Petrobras Global Finance BV, | |||||
Gtd. Notes | 5.375 | 10/01/29 | GBP | 8,884 | 9,930,402 |
Gtd. Notes | 6.625 | 01/16/34 | GBP | 7,400 | 8,256,224 |
Gtd. Notes, EMTN | 6.250 | 12/14/26 | GBP | 2,000 | 2,450,018 |
Suzano Austria GmbH, Gtd. Notes | 6.000 | 01/15/29 | 200 | 200,146 | |
Swiss Insured Brazil Power Finance Sarl, Sr. Sec’d. Notes | 9.850 | 07/16/32 | BRL | 18,211 | 3,521,209 |
24,357,999 | |||||
Bulgaria 0.5% | |||||
Bulgarian Energy Holding EAD, Sr. Unsec’d. Notes | 2.450 | 07/22/28 | EUR | 14,580 | 13,425,239 |
Canada 0.8% | |||||
Barrick North America Finance LLC, Gtd. Notes | 5.700 | 05/30/41 | 45 | 45,455 | |
Barrick PD Australia Finance Pty Ltd., Gtd. Notes | 5.950 | 10/15/39 | 50 | 51,461 |
9
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Canada (cont’d.) | |||||
Bombardier, Inc., | |||||
Sr. Unsec’d. Notes, 144A | 7.125 % | 06/15/26 | 3,900 | $3,856,125 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 02/01/29 | 375 | 369,877 | |
Sr. Unsec’d. Notes, 144A | 7.875 | 04/15/27 | 2,535 | 2,525,494 | |
Brookfield Residential Properties, Inc./Brookfield Residential US LLC, | |||||
Gtd. Notes, 144A | 4.875 | 02/15/30 | 2,320 | 1,873,400 | |
Gtd. Notes, 144A | 6.250 | 09/15/27 | 2,175 | 2,009,417 | |
Sr. Unsec’d. Notes, 144A | 5.000 | 06/15/29 | 1,675 | 1,386,063 | |
Cenovus Energy, Inc., | |||||
Sr. Unsec’d. Notes(a) | 2.650 | 01/15/32 | 1,340 | 1,082,421 | |
Sr. Unsec’d. Notes | 3.750 | 02/15/52 | 955 | 677,995 | |
MEG Energy Corp., Gtd. Notes, 144A | 7.125 | 02/01/27 | 855 | 866,756 | |
Methanex Corp., Sr. Unsec’d. Notes | 4.250 | 12/01/24 | 1,500 | 1,458,750 | |
Ontario Teachers’ Cadillac Fairview Properties Trust, Sr. Unsec’d. Notes, 144A | 2.500 | 10/15/31 | 1,775 | 1,397,144 | |
Rogers Communications, Inc., Gtd. Notes | 3.250 | 05/01/29 | CAD | 700 | 474,609 |
Teck Resources Ltd., | |||||
Sr. Unsec’d. Notes | 5.400 | 02/01/43 | 1,403 | 1,263,239 | |
Sr. Unsec’d. Notes | 6.000 | 08/15/40 | 4,142 | 4,012,772 | |
23,350,978 | |||||
China 0.6% | |||||
Agricultural Development Bank of China, Sr. Unsec’d. Notes | 3.800 | 10/27/30 | CNH | 55,000 | 8,068,093 |
Aircraft Finance Co. Ltd., Sr. Sec’d. Notes, Series B | 4.100 | 03/29/26 | 1,282 | 1,227,567 | |
China Development Bank, | |||||
Sr. Unsec’d. Notes | 4.300 | 08/02/32 | CNH | 25,000 | 3,842,688 |
Unsec’d. Notes | 4.200 | 01/19/27 | CNH | 16,000 | 2,348,358 |
NXP BV/NXP Funding LLC/NXP USA, Inc., | |||||
Gtd. Notes | 3.150 | 05/01/27 | 575 | 531,530 | |
Gtd. Notes | 3.400 | 05/01/30 | 725 | 641,589 | |
16,659,825 |
10
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Denmark 0.2% | |||||
Danske Bank A/S, | |||||
Sr. Unsec’d. Notes, 144A(a) | 1.621 %(ff) | 09/11/26 | 4,645 | $4,203,437 | |
Sr. Unsec’d. Notes, 144A | 3.244(ff) | 12/20/25 | 1,095 | 1,046,222 | |
5,249,659 | |||||
France 2.2% | |||||
Altice France SA, Sr. Sec’d. Notes | 3.375 | 01/15/28 | EUR | 8,475 | 6,534,432 |
Banque Federative du Credit Mutuel SA, Sr. Unsec’d. Notes, Series 19 | 0.999 | 10/15/25 | JPY | 200,000 | 1,411,663 |
BNP Paribas SA, | |||||
Sr. Unsec’d. Notes, 144A | 2.159(ff) | 09/15/29 | 23,127 | 19,422,119 | |
Sr. Unsec’d. Notes, 144A | 2.871(ff) | 04/19/32 | 5,220 | 4,289,587 | |
Sr. Unsec’d. Notes, 144A | 5.335(ff) | 06/12/29 | 2,450 | 2,428,550 | |
Sr. Unsec’d. Notes, EMTN | 6.420 | 09/11/23 | MXN | 250 | 14,792 |
Sub. Notes, EMTN | 4.625 | 03/09/27 | AUD | 370 | 233,858 |
BPCE SA, Sr. Unsec’d. Notes, Series 03 | 0.989 | 07/12/28 | JPY | 300,000 | 2,055,058 |
Credit Agricole Assurances SA, Sub. Notes | 4.250(ff) | 01/13/25(oo) | EUR | 2,000 | 2,138,528 |
Credit Agricole Corporate & Investment Bank SA, Sr. Unsec’d. Notes, EMTN | 2.670 | 02/20/24 | NZD | 1,400 | 852,175 |
Credit Agricole SA, Sub. Notes, EMTN | 4.200(ff) | 05/29/34 | AUD | 400 | 232,723 |
Iliad Holding SASU, Sr. Sec’d. Notes, 144A | 5.125 | 10/15/26 | EUR | 6,850 | 7,282,412 |
Loxam SAS, Sr. Sub. Notes | 4.500 | 04/15/27 | EUR | 1,900 | 1,864,477 |
SNCF Reseau, Sr. Unsec’d. Notes, Series MPLE | 4.700 | 06/01/35 | CAD | 6,400 | 4,989,588 |
Societe Generale SA, | |||||
Sr. Unsec’d. Notes, 144A | 2.889(ff) | 06/09/32 | 1,685 | 1,326,238 | |
Sr. Unsec’d. Notes, 144A | 3.337(ff) | 01/21/33 | 4,915 | 3,985,226 | |
Sr. Unsec’d. Notes, 144A, MTN | 6.447(ff) | 01/12/27 | 2,545 | 2,557,906 | |
Sub. Notes, EMTN | 5.000 | 05/19/27 | AUD | 220 | 136,372 |
61,755,704 | |||||
Germany 0.4% | |||||
Deutsche Bahn Finance GMBH, Gtd. Notes, MTN | 1.987 | 07/08/30 | AUD | 1,000 | 534,002 |
11
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Germany (cont’d.) | |||||
Deutsche Bank AG, | |||||
Sr. Unsec’d. Notes | 2.129 %(ff) | 11/24/26 | 3,760 | $3,407,650 | |
Sub. Notes, EMTN | 3.662(ff) | 04/10/25 | CNH | 53,000 | 7,303,405 |
11,245,057 | |||||
Hong Kong 0.3% | |||||
HKT Capital No. 3 Ltd., Gtd. Notes | 1.650 | 04/10/27 | EUR | 9,200 | 8,851,886 |
Sun Hung Kai Properties Capital Market Ltd., | |||||
Gtd. Notes, EMTN | 3.160 | 01/25/28 | CNH | 4,000 | 551,575 |
Gtd. Notes, EMTN | 3.200 | 08/14/27 | CNH | 3,000 | 416,636 |
9,820,097 | |||||
Hungary 0.1% | |||||
MFB Magyar Fejlesztesi Bank Zrt, Gov’t. Gtd. Notes | 1.375 | 06/24/25 | EUR | 3,470 | 3,557,277 |
Iceland 0.2% | |||||
Landsvirkjun, Gov’t. Gtd. Notes, EMTN, 3 Month EURIBOR + 0.090% | 3.788(c) | 07/24/26 | EUR | 5,000 | 5,357,073 |
India 0.5% | |||||
NTPC Ltd., Sr. Unsec’d. Notes, EMTN | 2.750 | 02/01/27 | EUR | 11,600 | 11,815,364 |
Power Finance Corp. Ltd., Sr. Unsec’d. Notes, GMTN | 1.841 | 09/21/28 | EUR | 3,100 | 2,831,740 |
14,647,104 | |||||
Indonesia 0.4% | |||||
Freeport Indonesia PT, | |||||
Sr. Unsec’d. Notes, 144A, MTN | 5.315 | 04/14/32 | 1,890 | 1,783,980 | |
Sr. Unsec’d. Notes, EMTN | 5.315 | 04/14/32 | 600 | 566,343 | |
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, | |||||
Sr. Unsec’d. Notes | 2.875 | 10/25/25 | EUR | 2,300 | 2,434,398 |
Sr. Unsec’d. Notes, 144A | 1.875 | 11/05/31 | EUR | 6,900 | 5,809,932 |
Sr. Unsec’d. Notes, 144A | 2.875 | 10/25/25 | EUR | 900 | 952,590 |
11,547,243 |
12
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Israel 0.6% | |||||
Israel Electric Corp. Ltd., | |||||
Sec’d. Notes, 144A, GMTN | 3.750 % | 02/22/32 | 600 | $507,780 | |
Sr. Sec’d. Notes | 7.875 | 12/15/26 | 5,500 | 5,744,420 | |
Sr. Sec’d. Notes, EMTN | 3.700 | 05/23/30 | JPY | 200,000 | 1,513,106 |
Sr. Sec’d. Notes, EMTN | 7.750 | 12/15/27 | 8,650 | 9,158,447 | |
16,923,753 | |||||
Italy 0.4% | |||||
Intesa Sanpaolo SpA, | |||||
Sr. Unsec’d. Notes, 144A | 7.778(ff) | 06/20/54 | 1,985 | 2,006,984 | |
Sub. Notes, 144A | 4.198(ff) | 06/01/32 | 1,430 | 1,098,526 | |
UniCredit SpA, Sr. Unsec’d. Notes, 144A | 1.982(ff) | 06/03/27 | 8,485 | 7,492,224 | |
10,597,734 | |||||
Jamaica 0.3% | |||||
Digicel Group Holdings Ltd., Sr. Unsec’d. Notes, 144A, Cash coupon 5.000% and PIK 3.000% (original cost $276,713; purchased 03/21/23 - 03/22/23)(f) | 8.000 | 04/01/25 | 705 | 306,118 | |
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(d) | 1,100 | 231,022 | |
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 | 817,609 | |
Sr. Sec’d. Notes, 144A (original cost $787,500; purchased 01/05/21)(f) | 8.750 | 05/25/24 | 750 | 680,430 | |
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 | 6,561,250 | |
Digicel Ltd., Gtd. Notes, 144A (original cost $147,000; purchased 03/15/23)(f) | 6.750 | 12/31/23 | 700 | 133,000 | |
8,729,429 |
13
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Japan 0.3% | |||||
Nomura Holdings, Inc., | |||||
Sr. Unsec’d. Notes | 2.608 % | 07/14/31 | 2,070 | $1,631,450 | |
Sr. Unsec’d. Notes(a) | 2.999 | 01/22/32 | 7,475 | 6,038,110 | |
7,669,560 | |||||
Kazakhstan 0.3% | |||||
Kazakhstan Temir Zholy National Co. JSC, Gtd. Notes | 3.250 | 12/05/23 | CHF | 8,500 | 9,552,205 |
Luxembourg 0.4% | |||||
Blackstone Property Partners Europe Holdings Sarl, | |||||
Sr. Unsec’d. Notes, EMTN | 1.000 | 05/04/28 | EUR | 9,850 | 8,466,197 |
Sr. Unsec’d. Notes, EMTN | 1.625 | 04/20/30 | EUR | 2,400 | 1,962,931 |
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 | 24,621 |
10,453,749 | |||||
Malta 0.1% | |||||
Freeport Terminal Malta PLC, Gov’t. Gtd. Notes, 144A | 7.250 | 05/15/28 | 3,000 | 3,246,216 | |
Mexico 1.4% | |||||
Comision Federal de Electricidad, Sr. Unsec’d. Notes | 5.000 | 09/29/36 | 11,220 | 9,537,000 | |
Mexico City Airport Trust, | |||||
Sr. Sec’d. Notes | 3.875 | 04/30/28 | 389 | 362,937 | |
Sr. Sec’d. Notes | 5.500 | 07/31/47 | 1,352 | 1,164,410 | |
Petroleos Mexicanos, | |||||
Gtd. Notes | 6.500 | 01/23/29 | 500 | 415,375 | |
Gtd. Notes | 9.500 | 09/15/27 | 2,000 | 1,932,940 | |
Gtd. Notes, EMTN(a) | 2.750 | 04/21/27 | EUR | 5,300 | 4,631,345 |
Gtd. Notes, EMTN | 4.875 | 02/21/28 | EUR | 24,500 | 22,204,518 |
U.S. Gov’t. Gtd. Notes, 3 Month LIBOR + 0.430% | 5.751(c) | 02/15/24 | 563 | 562,443 | |
40,810,968 | |||||
Netherlands 0.7% | |||||
ABN AMRO Bank NV, Sub. Notes, 144A | 4.750 | 07/28/25 | 500 | 485,483 |
14
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Netherlands (cont’d.) | |||||
Cooperatieve Rabobank UA, | |||||
Sr. Unsec’d. Notes, EMTN | 2.750 % | 03/04/24 | NZD | 376 | $228,998 |
Sr. Unsec’d. Notes, GMTN | 9.298(s) | 03/11/39 | MXN | 22,000 | 207,821 |
Sr. Unsec’d. Notes, GMTN | 3.500 | 12/14/26 | AUD | 2,882 | 1,816,243 |
OCI NV, Sr. Sec’d. Notes, 144A | 3.625 | 10/15/25 | EUR | 8,370 | 8,892,220 |
TMNL Holding BV, Sr. Sec’d. Notes, 144A | 3.750 | 01/15/29 | EUR | 2,300 | 2,264,275 |
Ziggo Bond Co. BV, Gtd. Notes, 144A | 3.375 | 02/28/30 | EUR | 6,000 | 5,082,230 |
18,977,270 | |||||
Norway 0.1% | |||||
Equinor ASA, Gtd. Notes | 6.800 | 01/15/28 | 2,140 | 2,253,475 | |
Peru 0.0% | |||||
Lima Metro Line 2 Finance Ltd., Sr. Sec’d. Notes | 5.875 | 07/05/34 | 90 | 88,517 | |
Peru Enhanced Pass-Through Finance Ltd., Pass-Through Certificates | 2.246(s) | 06/02/25 | 447 | 414,977 | |
503,494 | |||||
Philippines 0.1% | |||||
Bangko Sentral ng Pilipinas International Bond, Sr. Unsec’d. Notes, Series A | 8.600 | 06/15/27 | 3,560 | 3,988,197 | |
Poland 0.2% | |||||
Bank Gospodarstwa Krajowego, | |||||
Gov’t. Gtd. Notes | 1.625 | 04/30/28 | EUR | 600 | 582,258 |
Gov’t. Gtd. Notes, 144A, MTN | 5.375 | 05/22/33 | 1,215 | 1,211,962 | |
Gov’t. Gtd. Notes, EMTN | 1.750 | 05/06/26 | EUR | 4,700 | 4,822,503 |
6,616,723 | |||||
Qatar 0.0% | |||||
QNB Finance Ltd., | |||||
Gtd. Notes, EMTN | 3.500 | 03/09/26 | CNH | 7,400 | 1,025,995 |
Gtd. Notes, MTN | 4.900 | 02/01/28 | AUD | 250 | 164,355 |
1,190,350 |
15
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Russia 0.7% | |||||
Gazprom PJSC Via Gaz Capital SA, | |||||
Sr. Unsec’d. Notes | 2.500 % | 03/21/26(d) | EUR | 3,500 | $2,789,981 |
Sr. Unsec’d. Notes | 4.250 | 04/06/24 | GBP | 7,927 | 8,545,417 |
Sr. Unsec’d. Notes, EMTN | 4.364 | 03/21/25(d) | EUR | 4,000 | 3,386,460 |
Gazprom PJSC via Gaz Finance PLC, | |||||
Sr. Unsec’d. Notes | 3.000 | 06/29/27(d) | 1,410 | 1,022,250 | |
Sr. Unsec’d. Notes, EMTN | 1.540 | 06/30/27 | CHF | 6,000 | 4,231,409 |
19,975,517 | |||||
Slovenia 0.5% | |||||
United Group BV, | |||||
Sr. Sec’d. Notes | 4.000 | 11/15/27 | EUR | 200 | 183,886 |
Sr. Sec’d. Notes | 4.625 | 08/15/28 | EUR | 100 | 90,871 |
Sr. Sec’d. Notes, 144A | 3.125 | 02/15/26 | EUR | 3,800 | 3,667,547 |
Sr. Sec’d. Notes, 144A | 5.250 | 02/01/30 | EUR | 11,575 | 10,240,549 |
14,182,853 | |||||
South Africa 0.5% | |||||
Eskom Holdings SOC Ltd., | |||||
Gov’t. Gtd. Notes, 144A, MTN | 6.350 | 08/10/28 | 1,350 | 1,287,481 | |
Gov’t. Gtd. Notes, MTN | 6.350 | 08/10/28 | 12,000 | 11,444,280 | |
12,731,761 | |||||
South Korea 0.7% | |||||
Korea Development Bank (The), | |||||
Sr. Unsec’d. Notes, EMTN | 1.830 | 08/10/27 | SEK | 74,000 | 6,670,580 |
Sr. Unsec’d. Notes, EMTN | 6.000 | 01/22/25 | IDR | 15,000,000 | 983,047 |
Korea Expressway Corp., | |||||
Sr. Unsec’d. Notes, GMTN | 2.310 | 04/28/32 | SEK | 80,000 | 6,864,078 |
Sr. Unsec’d. Notes, GMTN | 3.030 | 05/11/32 | CAD | 7,500 | 5,088,914 |
19,606,619 | |||||
Spain 0.8% | |||||
Banco Santander SA, | |||||
Sr. Unsec’d. Notes | 3.306 | 06/27/29 | 1,600 | 1,419,241 | |
Sub. Notes | 2.749 | 12/03/30 | 600 | 472,486 | |
Cellnex Finance Co. SA, Gtd. Notes, EMTN | 2.000 | 02/15/33 | EUR | 11,900 | 10,384,822 |
16
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Spain (cont’d.) | |||||
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 | $1,027,040 |
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 | 115,500 | |
Lorca Telecom Bondco SA, Sr. Sec’d. Notes, 144A | 4.000 | 09/18/27 | EUR | 10,300 | 10,588,735 |
24,007,824 | |||||
Supranational Bank 0.5% | |||||
African Development Bank, Sr. Unsec’d. Notes, EMTN | 0.500 | 09/07/32 | MXN | 64,600 | 1,703,056 |
African Export-Import Bank (The), Sr. Unsec’d. Notes | 3.798 | 05/17/31 | 300 | 245,250 | |
Asian Infrastructure Investment Bank (The), Sr. Unsec’d. Notes, EMTN^ | 0.375 | 09/09/25 | THB | 72,000 | 2,020,323 |
European Investment Bank, | |||||
Sr. Unsec’d. Notes, EMTN | 1.000 | 02/25/28 | PLN | 3,985 | 811,425 |
Sr. Unsec’d. Notes, EMTN | 6.270 | 08/28/24 | IDR | 10,000,000 | 661,273 |
Inter-American Development Bank, Sr. Unsec’d. Notes, GMTN | 7.500 | 12/05/24 | MXN | 600 | 33,968 |
International Bank for Reconstruction & Development, | |||||
Sr. Unsec’d. Notes | 1.820(ff) | 08/11/26 | 72 | 65,116 | |
Sr. Unsec’d. Notes | 2.330(ff) | 05/31/26 | 4 | 3,705 | |
Sr. Unsec’d. Notes, EMTN | 1.928(s) | 04/23/32 | AUD | 8,758 | 3,837,252 |
Sr. Unsec’d. Notes, EMTN | 6.630 | 07/24/28 | MXN | 33,700 | 1,743,673 |
Sr. Unsec’d. Notes, MTN | 2.700 | 12/28/37 | 300 | 234,046 | |
International Finance Corp., | |||||
Sr. Unsec’d. Notes, GMTN | 8.215(s) | 01/27/37 | MXN | 78,000 | 1,388,023 |
Sr. Unsec’d. Notes, GMTN | 7.020 | 04/06/28 | MXN | 44,300 | 2,388,870 |
15,135,980 | |||||
Switzerland 0.7% | |||||
UBS Group AG, | |||||
Sr. Unsec’d. Notes, 144A | 1.305(ff) | 02/02/27 | 6,440 | 5,707,708 | |
Sr. Unsec’d. Notes, 144A | 1.494(ff) | 08/10/27 | 13,125 | 11,473,219 | |
Sr. Unsec’d. Notes, 144A | 2.593(ff) | 09/11/25 | 1,390 | 1,332,662 |
17
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Switzerland (cont’d.) | |||||
UBS Group AG, (cont’d.) | |||||
Sr. Unsec’d. Notes, 144A | 3.869 %(ff) | 01/12/29 | 900 | $821,250 | |
Sr. Unsec’d. Notes, 144A | 4.282 | 01/09/28 | 2,075 | 1,946,392 | |
21,281,231 | |||||
United Arab Emirates 0.4% | |||||
ADCB Finance Cayman Ltd., Gtd. Notes, MTN | 4.500 | 10/25/27 | AUD | 2,370 | 1,534,843 |
DP World Ltd., | |||||
Sr. Unsec’d. Notes | 4.250 | 09/25/30 | GBP | 4,000 | 4,586,744 |
Sr. Unsec’d. Notes, 144A | 4.250 | 09/25/30 | GBP | 1,840 | 2,112,592 |
Sr. Unsec’d. Notes, EMTN | 6.850 | 07/02/37 | 500 | 546,640 | |
First Abu Dhabi Bank PJSC, | |||||
Sr. Unsec’d. Notes, EMTN | 0.875 | 12/09/25 | GBP | 1,268 | 1,436,049 |
Sr. Unsec’d. Notes, EMTN | 3.500 | 07/02/25 | CNH | 2,170 | 303,598 |
10,520,466 | |||||
United Kingdom 3.0% | |||||
Barclays Bank PLC, Sr. Unsec’d. Notes, EMTN | 2.100 | 11/13/25 | CNH | 18,000 | 2,421,372 |
Barclays PLC, | |||||
Sr. Unsec’d. Notes, MTN | 3.250 | 06/26/24 | AUD | 1,750 | 1,148,660 |
Sr. Unsec’d. Notes, MTN | 5.244 | 06/15/28 | AUD | 1,000 | 638,115 |
Sr. Unsec’d. Notes, Series 01 | 1.232(ff) | 09/25/24 | JPY | 100,000 | 703,394 |
Sub. Notes | 7.119(ff) | 06/27/34 | 3,780 | 3,818,995 | |
Bellis Acquisition Co. PLC, Sr. Sec’d. Notes, 144A | 3.250 | 02/16/26 | GBP | 14,700 | 16,153,366 |
Bellis Finco PLC, Sr. Unsec’d. Notes, 144A | 4.000 | 02/16/27 | GBP | 6,700 | 6,610,055 |
BP Capital Markets PLC, Gtd. Notes | 4.375(ff) | 06/22/25(oo) | 14,500 | 13,956,250 | |
Constellation Automotive Financing PLC, Sr. Sec’d. Notes(a) | 4.875 | 07/15/27 | GBP | 5,000 | 5,108,744 |
HSBC Bank PLC, Sr. Unsec’d. Notes, 144A, EMTN | 3.120 | 04/04/26 | CNH | 36,800 | 5,095,036 |
HSBC Holdings PLC, | |||||
Sr. Unsec’d. Notes | 2.206(ff) | 08/17/29 | 4,300 | 3,616,018 | |
Sr. Unsec’d. Notes | 3.973(ff) | 05/22/30 | 2,400 | 2,170,826 | |
Kane Bidco Ltd., Sr. Sec’d. Notes, 144A | 6.500 | 02/15/27 | GBP | 8,325 | 9,762,403 |
18
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United Kingdom (cont’d.) | |||||
Lloyds Bank PLC, Sr. Unsec’d. Notes, EMTN | 0.000 % | 04/02/32 | 1,200 | $744,972 | |
Lloyds Banking Group PLC, Sub. Notes | 4.582 | 12/10/25 | 2,250 | 2,165,311 | |
Market Bidco Finco PLC, Sr. Sec’d. Notes, 144A | 5.500 | 11/04/27 | GBP | 1,189 | 1,191,425 |
Virgin Media Secured Finance PLC, | |||||
Sr. Sec’d. Notes | 5.000 | 04/15/27 | GBP | 2,800 | 3,279,534 |
Sr. Sec’d. Notes, 144A | 5.000 | 04/15/27 | GBP | 5,900 | 6,910,447 |
85,494,923 | |||||
United States 24.4% | |||||
Aflac, Inc., | |||||
Sr. Unsec’d. Notes | 0.500 | 12/17/29 | JPY | 100,000 | 657,098 |
Sr. Unsec’d. Notes | 0.830 | 03/12/35 | JPY | 100,000 | 629,345 |
Sr. Unsec’d. Notes | 0.932 | 01/25/27 | JPY | 80,000 | 564,191 |
Sr. Unsec’d. Notes | 1.159 | 10/18/30 | JPY | 600,000 | 4,194,233 |
Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s LP/Albertson’s LLC, Gtd. Notes, 144A | 3.500 | 03/15/29 | 2,310 | 2,010,324 | |
Altria Group, Inc., Gtd. Notes | 3.125 | 06/15/31 | EUR | 2,900 | 2,746,220 |
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 | 428 | 295,133 | |
American International Group, Inc., Sr. Unsec’d. Notes | 1.875 | 06/21/27 | EUR | 2,100 | 2,132,705 |
Antero Midstream Partners LP/Antero Midstream Finance Corp., Gtd. Notes, 144A | 7.875 | 05/15/26 | 3,550 | 3,627,976 | |
Ascent Resources Utica Holdings LLC/ARU Finance Corp., | |||||
Gtd. Notes, 144A | 7.000 | 11/01/26 | 575 | 562,528 | |
Gtd. Notes, 144A | 9.000 | 11/01/27 | 579 | 724,005 | |
Sr. Unsec’d. Notes, 144A | 8.250 | 12/31/28 | 1,825 | 1,814,322 | |
Ashton Woods USA LLC/Ashton Woods Finance Co., Sr. Unsec’d. Notes, 144A | 6.625 | 01/15/28 | 6,582 | 6,333,984 | |
AT&T, Inc., | |||||
Sr. Unsec’d. Notes | 2.550 | 12/01/33 | 97 | 74,798 | |
Sr. Unsec’d. Notes | 3.500 | 09/15/53 | 1,421 | 964,471 |
19
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
AT&T, Inc., (cont’d.) | |||||
Sr. Unsec’d. Notes | 3.950 % | 04/30/31 | EUR | 6,500 | $6,976,924 |
Sr. Unsec’d. Notes, EMTN | 7.000 | 04/30/40 | GBP | 1,550 | 2,108,003 |
Sr. Unsec’d. Notes, Series MPLE | 4.850 | 05/25/47 | CAD | 150 | 97,827 |
Sr. Unsec’d. Notes, Series MPLE | 5.100 | 11/25/48 | CAD | 4,575 | 3,066,792 |
Ball Corp., Gtd. Notes | 6.000 | 06/15/29 | 900 | 900,000 | |
Bank of America Corp., | |||||
Sr. Unsec’d. Notes | 2.687(ff) | 04/22/32 | 13,060 | 10,813,412 | |
Sr. Unsec’d. Notes | 3.419(ff) | 12/20/28 | 4,519 | 4,159,026 | |
Sr. Unsec’d. Notes, MTN | 2.087(ff) | 06/14/29 | 19,350 | 16,609,238 | |
Sr. Unsec’d. Notes, MTN | 2.884(ff) | 10/22/30 | 4,865 | 4,211,120 | |
Sr. Unsec’d. Notes, MTN | 3.194(ff) | 07/23/30 | 5,140 | 4,552,813 | |
Sub. Notes | 6.800 | 03/15/28 | 377 | 390,884 | |
Sub. Notes, EMTN | 8.125 | 06/02/28 | GBP | 500 | 678,360 |
Bausch Health Americas, Inc., Gtd. Notes, 144A | 8.500 | 01/31/27 | 1,550 | 883,777 | |
Bausch Health Cos., Inc., | |||||
Gtd. Notes, 144A | 5.000 | 01/30/28 | 2,590 | 1,197,875 | |
Gtd. Notes, 144A | 5.000 | 02/15/29 | 175 | 80,281 | |
Gtd. Notes, 144A | 5.250 | 01/30/30 | 5,500 | 2,475,000 | |
Gtd. Notes, 144A | 5.250 | 02/15/31 | 2,000 | 900,000 | |
Gtd. Notes, 144A | 6.250 | 02/15/29 | 400 | 187,000 | |
Beazer Homes USA, Inc., | |||||
Gtd. Notes | 5.875 | 10/15/27 | 1,375 | 1,328,494 | |
Gtd. Notes | 6.750 | 03/15/25 | 2,075 | 2,069,180 | |
Gtd. Notes | 7.250 | 10/15/29 | 1,600 | 1,573,808 | |
Berkshire Hathaway, Inc., | |||||
Sr. Unsec’d. Notes | 0.440 | 09/13/29 | JPY | 1,640,000 | 10,960,740 |
Sr. Unsec’d. Notes | 0.787 | 09/13/34 | JPY | 100,000 | 630,477 |
Sr. Unsec’d. Notes | 0.965 | 09/13/39 | JPY | 300,000 | 1,811,799 |
Boeing Co. (The), Sr. Unsec’d. Notes | 5.805 | 05/01/50 | 4,030 | 4,054,140 | |
Booking Holdings, Inc., Sr. Unsec’d. Notes | 4.500 | 11/15/31 | EUR | 5,300 | 6,043,056 |
Boxer Parent Co., Inc., Sr. Sec’d. Notes, 144A(a) | 7.125 | 10/02/25 | 4,800 | 4,848,000 | |
Brixmor Operating Partnership LP, | |||||
Sr. Unsec’d. Notes | 2.500 | 08/16/31 | 1,880 | 1,471,394 | |
Sr. Unsec’d. Notes | 4.125 | 05/15/29 | 2,865 | 2,584,702 | |
Broadcom, Inc., | |||||
Gtd. Notes, 144A | 3.500 | 02/15/41 | 3,765 | 2,795,856 |
20
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Broadcom, Inc., (cont’d.) | |||||
Sr. Unsec’d. Notes, 144A | 3.137 % | 11/15/35 | 4,626 | $3,550,371 | |
Sr. Unsec’d. Notes, 144A | 3.419 | 04/15/33 | 6,765 | 5,656,045 | |
Caesars Entertainment, Inc., | |||||
Sr. Sec’d. Notes, 144A | 6.250 | 07/01/25 | 2,660 | 2,642,941 | |
Sr. Unsec’d. Notes, 144A | 4.625 | 10/15/29 | 525 | 462,125 | |
Caledonia Generating LLC, Sr. Sec’d. Notes, 144A | 1.950 | 02/28/34 | 2,361 | 1,971,343 | |
Calpine Corp., | |||||
Sr. Unsec’d. Notes, 144A | 4.625 | 02/01/29 | 2,770 | 2,387,099 | |
Sr. Unsec’d. Notes, 144A | 5.000 | 02/01/31 | 2,180 | 1,833,665 | |
Sr. Unsec’d. Notes, 144A(a) | 5.125 | 03/15/28 | 5,000 | 4,534,128 | |
CCO Holdings LLC/CCO Holdings Capital Corp., | |||||
Sr. Unsec’d. Notes, 144A | 4.250 | 02/01/31 | 9,500 | 7,799,130 | |
Sr. Unsec’d. Notes, 144A | 4.500 | 06/01/33 | 2,675 | 2,118,608 | |
CDW LLC/CDW Finance Corp., Gtd. Notes | 2.670 | 12/01/26 | 7,675 | 6,949,804 | |
Central Garden & Pet Co., Gtd. Notes, 144A | 4.125 | 04/30/31 | 675 | 564,725 | |
CF Industries, Inc., | |||||
Gtd. Notes | 4.950 | 06/01/43 | 1,230 | 1,065,893 | |
Gtd. Notes | 5.375 | 03/15/44 | 3,560 | 3,236,522 | |
Chart Industries, Inc., Sr. Sec’d. Notes, 144A | 7.500 | 01/01/30 | 600 | 615,587 | |
Charter Communications Operating LLC/Charter Communications Operating Capital, | |||||
Sr. Sec’d. Notes | 2.800 | 04/01/31 | 3,625 | 2,936,900 | |
Sr. Sec’d. Notes | 3.900 | 06/01/52 | 3,365 | 2,202,097 | |
Sr. Sec’d. Notes | 4.800 | 03/01/50 | 5,250 | 3,971,263 | |
Sr. Sec’d. Notes | 6.384 | 10/23/35 | 2,357 | 2,315,181 | |
Chesapeake Energy Corp., | |||||
Gtd. Notes, 144A (original cost $650,000; purchased 02/02/21)(f) | 5.500 | 02/01/26 | 650 | 638,377 | |
Gtd. Notes, 144A (original cost $600,000; purchased 02/02/21)(f) | 5.875 | 02/01/29 | 600 | 573,782 | |
CitiFinancial Credit Co., Sr. Unsec’d. Notes | 7.875 | 02/01/25 | 662 | 672,711 | |
Citigroup Global Markets Holdings, Inc., Gtd. Notes, GMTN | 3.790 | 09/28/28 | HKD | 6,000 | 720,045 |
Citigroup, Inc., | |||||
Jr. Sub. Notes | 3.875(ff) | 02/18/26(oo) | 19,245 | 16,733,941 | |
Sr. Unsec’d. Notes | 2.520(ff) | 11/03/32 | 1,660 | 1,336,580 |
21
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Citigroup, Inc., (cont’d.) | |||||
Sr. Unsec’d. Notes | 2.561 %(ff) | 05/01/32 | 6,600 | $5,382,597 | |
Sr. Unsec’d. Notes, EMTN | 6.500 | 08/16/30 | GBP | 7 | 9,332 |
Sub. Notes | 6.174(ff) | 05/25/34 | 1,280 | 1,298,598 | |
Dana, Inc., | |||||
Sr. Unsec’d. Notes | 4.500 | 02/15/32 | 4,025 | 3,367,869 | |
Sr. Unsec’d. Notes(a) | 5.375 | 11/15/27 | 2,625 | 2,515,974 | |
DaVita, Inc., | |||||
Gtd. Notes, 144A | 3.750 | 02/15/31 | 1,125 | 899,107 | |
Gtd. Notes, 144A | 4.625 | 06/01/30 | 1,125 | 960,651 | |
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(d) | 3,740 | 108,521 | |
Discovery Communications LLC, Gtd. Notes | 5.300 | 05/15/49 | 2,480 | 2,050,077 | |
DISH DBS Corp., Gtd. Notes | 7.750 | 07/01/26 | 4,950 | 3,201,845 | |
Diversified Healthcare Trust, Gtd. Notes | 9.750 | 06/15/25 | 1,326 | 1,312,097 | |
Dow Chemical Co. (The), Sr. Unsec’d. Notes | 9.400 | 05/15/39 | 88 | 119,491 | |
Energy Transfer LP, | |||||
Jr. Sub. Notes, Series G | 7.125(ff) | 05/15/30(oo) | 7,800 | 6,867,247 | |
Jr. Sub. Notes, Series H | 6.500(ff) | 11/15/26(oo) | 5,045 | 4,594,309 | |
Sr. Unsec’d. Notes | 5.400 | 10/01/47 | 2,200 | 1,947,381 | |
Sr. Unsec’d. Notes | 6.000 | 06/15/48 | 2,350 | 2,233,524 | |
ERAC USA Finance LLC, Gtd. Notes, 144A | 7.000 | 10/15/37 | 190 | 217,543 | |
Fidelity National Information Services, Inc., Sr. Unsec’d. Notes | 1.500 | 05/21/27 | EUR | 5,600 | 5,644,622 |
Ford Motor Co., | |||||
Sr. Unsec’d. Notes | 4.750 | 01/15/43 | 5,000 | 3,912,883 | |
Sr. Unsec’d. Notes(a) | 5.291 | 12/08/46 | 3,000 | 2,474,083 | |
Ford Motor Credit Co. LLC, | |||||
Sr. Unsec’d. Notes | 4.134 | 08/04/25 | 200 | 191,079 | |
Sr. Unsec’d. Notes, EMTN | 3.683 | 12/03/24 | AUD | 500 | 323,000 |
Sr. Unsec’d. Notes, EMTN | 4.125 | 06/20/24 | SGD | 2,000 | 1,485,038 |
General Motors Co., | |||||
Sr. Unsec’d. Notes | 5.000 | 04/01/35 | 2,200 | 2,022,563 | |
Sr. Unsec’d. Notes | 5.400 | 04/01/48 | 2,050 | 1,787,913 | |
Sr. Unsec’d. Notes | 6.250 | 10/02/43 | 2,705 | 2,658,182 |
22
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
General Motors Financial Co., Inc., Gtd. Notes | 3.850 % | 01/05/28 | 2,900 | $2,713,241 | |
Golden Entertainment, Inc., Sr. Unsec’d. Notes, 144A | 7.625 | 04/15/26 | 1,000 | 1,000,252 | |
Goldman Sachs Group, Inc. (The), | |||||
Jr. Sub. Notes, Series U | 3.650(ff) | 08/10/26(oo) | 11,370 | 9,288,054 | |
Sr. Unsec’d. Notes | 1.992(ff) | 01/27/32 | 2,450 | 1,927,285 | |
Sr. Unsec’d. Notes | 2.383(ff) | 07/21/32 | 1,770 | 1,414,320 | |
Sr. Unsec’d. Notes | 2.615(ff) | 04/22/32 | 9,660 | 7,919,851 | |
Sr. Unsec’d. Notes | 4.500 | 05/16/28 | AUD | 210 | 132,109 |
Sr. Unsec’d. Notes, EMTN | 1.428(s) | 12/15/23 | EUR | 200 | 215,982 |
Sr. Unsec’d. Notes, EMTN | 1.000 | 08/06/24 | JPY | 100,000 | 712,297 |
Sr. Unsec’d. Notes, EMTN | 1.000 | 08/16/32 | JPY | 200,000 | 1,278,586 |
Sr. Unsec’d. Notes, EMTN | 1.300 | 03/22/30 | JPY | 10,000 | 68,214 |
Sr. Unsec’d. Notes, EMTN, EURIBOR ICE SWAP 11:00 Fft 10Y Index + 0.000% (Cap 7.000%, Floor N/A) | 2.979(c) | 06/30/25 | EUR | 2,227 | 2,362,886 |
Sr. Unsec’d. Notes, EMTN, 6 Month EURIBOR + 0.000% (Cap 5.500%, Floor 0.000%) | 3.103(c) | 08/12/25 | EUR | 3,216 | 3,438,773 |
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 | 5,616,246 |
Sr. Unsec’d. Notes, EMTN, 3 Month LIBOR + 0.000% (Cap N/A, Floor 0.000%) | 5.476(c) | 11/30/24 | 40 | 39,400 | |
Greystone Commercial Capital Trust, Sr. Unsec’d. Notes, Series A, 144A, 1 Month LIBOR + 2.270%^ | 7.606(c) | 05/31/25 | 19,100 | 18,431,500 | |
HCA, Inc., | |||||
Gtd. Notes | 5.250 | 06/15/49 | 1,500 | 1,349,658 | |
Gtd. Notes | 5.625 | 09/01/28 | 700 | 702,269 | |
Gtd. Notes | 7.500 | 11/06/33 | 2,000 | 2,197,339 | |
Gtd. Notes, MTN | 7.750 | 07/15/36 | 2,000 | 2,255,330 | |
Honeywell International, Inc., | |||||
Sr. Unsec’d. Notes | 0.750 | 03/10/32 | EUR | 3,000 | 2,576,511 |
Sr. Unsec’d. Notes | 3.750 | 05/17/32 | EUR | 4,900 | 5,267,689 |
Housing & Urban Development Corp. Ltd. AID Bond, U.S. Gov’t. Gtd. Notes, 6 Month LIBOR + 0.035% | 5.086(c) | 09/15/30 | 800 | 794,768 | |
Hunt Cos., Inc., Sr. Sec’d. Notes, 144A | 5.250 | 04/15/29 | 5,750 | 4,589,966 | |
International Game Technology PLC, Sr. Sec’d. Notes, 144A | 4.125 | 04/15/26 | 4,000 | 3,790,000 |
23
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
IQVIA, Inc., Gtd. Notes, 144A | 2.250 % | 01/15/28 | EUR | 1,800 | $1,783,362 |
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc., Gtd. Notes, 144A | 5.125 | 02/01/28 | 1,373 | 1,331,392 | |
Jefferies Financial Group, Inc., Sr. Unsec’d. Notes | 2.750 | 10/15/32 | 9,275 | 7,136,014 | |
John Sevier Combined Cycle Generation LLC, Sec’d. Notes | 4.626 | 01/15/42 | 3,755 | 3,526,509 | |
JPMorgan Chase & Co., | |||||
Jr. Sub. Notes, Series HH | 4.600(ff) | 02/01/25(oo) | 23,506 | 22,213,170 | |
Sr. Unsec’d. Notes | 3.509(ff) | 01/23/29 | 3,200 | 2,971,946 | |
Sr. Unsec’d. Notes | 3.702(ff) | 05/06/30 | 1,590 | 1,461,692 | |
JPMorgan Chase Bank, NA, Sr. Unsec’d. Notes | 4.762(s) | 03/17/48 | ITL(jj) | 29,800,000 | 3,832,672 |
KB Home, Gtd. Notes | 6.875 | 06/15/27 | 1,650 | 1,683,587 | |
Kimco Realty OP LLC, Gtd. Notes | 2.250 | 12/01/31 | 4,160 | 3,254,394 | |
Kraft Heinz Foods Co., Gtd. Notes | 4.875 | 10/01/49 | 15 | 13,642 | |
Lamb Weston Holdings, Inc., | |||||
Gtd. Notes, 144A | 4.125 | 01/31/30 | 75 | 66,190 | |
Gtd. Notes, 144A | 4.375 | 01/31/32 | 1,650 | 1,452,207 | |
Legacy LifePoint Health LLC, Sr. Sec’d. Notes, 144A | 4.375 | 02/15/27 | 75 | 64,706 | |
Level 3 Financing, Inc., Sr. Sec’d. Notes, 144A | 3.400 | 03/01/27 | 4,042 | 3,566,486 | |
Liberty Mutual Group, Inc., | |||||
Gtd. Notes | 2.750 | 05/04/26 | EUR | 1,000 | 1,061,049 |
Gtd. Notes, 144A | 3.951 | 10/15/50 | 90 | 66,224 | |
LifePoint Health, Inc., Gtd. Notes, 144A | 5.375 | 01/15/29 | 3,000 | 2,123,978 | |
Marathon Petroleum Corp., Sr. Unsec’d. Notes | 6.500 | 03/01/41 | 9,050 | 9,386,680 | |
Marriott International, Inc., Sr. Unsec’d. Notes, Series HH | 2.850 | 04/15/31 | 9,115 | 7,714,826 | |
Medline Borrower LP, | |||||
Sr. Sec’d. Notes, 144A | 3.875 | 04/01/29 | 5,450 | 4,775,568 | |
Sr. Unsec’d. Notes, 144A | 5.250 | 10/01/29 | 550 | 488,366 | |
Medtronic Global Holdings SCA, | |||||
Gtd. Notes | 1.500 | 07/02/39 | EUR | 500 | 385,218 |
24
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Medtronic Global Holdings SCA, (cont’d.) | |||||
Gtd. Notes | 1.625 % | 03/07/31 | EUR | 2,500 | $2,394,507 |
Gtd. Notes | 1.750 | 07/02/49 | EUR | 2,100 | 1,455,364 |
Gtd. Notes | 2.250 | 03/07/39 | EUR | 1,910 | 1,656,227 |
MetLife, Inc., Sr. Unsec’d. Notes | 0.769 | 05/23/29 | JPY | 600,000 | 4,083,558 |
Morgan Guaranty Trust Co., Sr. Unsec’d. Notes | 1.146(s) | 01/21/27 | ITL(jj) | 2,275,000 | 1,080,690 |
Morgan Stanley, | |||||
Sr. Unsec’d. Notes | 0.406(ff) | 10/29/27 | EUR | 10,000 | 9,720,907 |
Sr. Unsec’d. Notes | 4.656(ff) | 03/02/29 | EUR | 3,700 | 4,114,911 |
Sr. Unsec’d. Notes, EMTN | 0.000 | 04/02/32 | 17,400 | 10,418,250 | |
Sr. Unsec’d. Notes, EMTN^ | 0.500(cc) | 06/26/43 | MXN | 16,700 | 175,647 |
Sr. Unsec’d. Notes, EMTN^ | 0.500(cc) | 09/25/43 | MXN | 33,900 | 350,924 |
Sr. Unsec’d. Notes, EMTN | 5.632(s) | 10/05/26 | IDR | 2,000,000 | 106,406 |
Sr. Unsec’d. Notes, EMTN | 7.118(s) | 06/28/27 | MXN | 27,000 | 1,079,407 |
Sr. Unsec’d. Notes, EMTN | 7.500 | 12/15/27 | MXN | 33,300 | 1,779,525 |
Sr. Unsec’d. Notes, EMTN | 7.926(s) | 04/05/32 | MXN | 71,000 | 1,763,119 |
Sr. Unsec’d. Notes, EMTN | 7.950(s) | 11/07/31 | MXN | 56,000 | 1,456,746 |
Sr. Unsec’d. Notes, GMTN | 1.875 | 03/06/30 | EUR | 1,100 | 1,010,532 |
MPLX LP, Sr. Unsec’d. Notes | 4.000 | 03/15/28 | 515 | 487,015 | |
MPT Operating Partnership LP/MPT Finance Corp., Gtd. Notes | 3.325 | 03/24/25 | EUR | 1,700 | 1,672,889 |
Nationstar Mortgage Holdings, Inc., | |||||
Gtd. Notes, 144A | 5.125 | 12/15/30 | 225 | 190,424 | |
Gtd. Notes, 144A | 5.500 | 08/15/28 | 2,265 | 2,053,415 | |
Gtd. Notes, 144A | 6.000 | 01/15/27 | 735 | 702,783 | |
NRG Energy, Inc., | |||||
Jr. Sub. Notes, 144A | 10.250(ff) | 03/15/28(oo) | 650 | 631,928 | |
Sr. Sec’d. Notes, 144A | 3.750 | 06/15/24 | 5,600 | 5,455,660 | |
Occidental Petroleum Corp., Sr. Unsec’d. Notes | 6.450 | 09/15/36 | 35 | 36,736 | |
OneMain Finance Corp., Gtd. Notes(a) | 4.000 | 09/15/30 | 1,500 | 1,180,086 | |
ONEOK, Inc., | |||||
Gtd. Notes | 3.100 | 03/15/30 | 7,350 | 6,325,940 | |
Gtd. Notes | 4.450 | 09/01/49 | 2,000 | 1,530,151 | |
Organon & Co./Organon Foreign Debt Co-Issuer BV, | |||||
Sr. Sec’d. Notes, 144A | 4.125 | 04/30/28 | 800 | 717,013 | |
Sr. Unsec’d. Notes, 144A | 5.125 | 04/30/31 | 1,725 | 1,461,936 | |
25
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Pactiv Evergreen Group Issuer LLC/Pactiv Evergreen Group Issuer, Inc., Sr. Sec’d. Notes, 144A | 4.375 % | 10/15/28 | 450 | $399,234 | |
Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC, Sr. Sec’d. Notes, 144A | 4.000 | 10/15/27 | 767 | 691,265 | |
Pilgrim’s Pride Corp., Gtd. Notes | 4.250 | 04/15/31 | 4,550 | 3,927,141 | |
Post Holdings, Inc., Sr. Unsec’d. Notes, 144A | 4.500 | 09/15/31 | 2,325 | 1,980,707 | |
Prologis Yen Finance LLC, | |||||
Gtd. Notes | 0.885 | 06/27/36 | JPY | 200,000 | 1,187,700 |
Gtd. Notes | 0.972 | 09/25/28 | JPY | 700,000 | 4,825,036 |
Gtd. Notes | 1.003 | 06/24/32 | JPY | 1,500,000 | 9,714,947 |
Gtd. Notes | 1.222 | 06/22/35 | JPY | 200,000 | 1,249,866 |
Realty Income Corp., | |||||
Sr. Unsec’d. Notes | 2.200 | 06/15/28 | 480 | 417,928 | |
Sr. Unsec’d. Notes | 4.875 | 07/06/30 | EUR | 6,300 | 7,034,659 |
Sally Holdings LLC/Sally Capital, Inc., Gtd. Notes | 5.625 | 12/01/25 | 4,525 | 4,496,137 | |
Service Properties Trust, Sr. Unsec’d. Notes | 4.350 | 10/01/24 | 3,600 | 3,457,770 | |
Southaven Combined Cycle Generation LLC, Sec’d. Notes | 3.846 | 08/15/33 | 7 | 6,484 | |
Sprint Capital Corp., Gtd. Notes | 8.750 | 03/15/32 | 1,985 | 2,392,537 | |
Sprint LLC, Gtd. Notes | 7.625 | 02/15/25 | 300 | 306,841 | |
Standard Industries, Inc., Sr. Unsec’d. Notes, 144A | 4.375 | 07/15/30 | 4,550 | 3,954,488 | |
Stellantis Finance US, Inc., Gtd. Notes, 144A | 2.691 | 09/15/31 | 3,645 | 2,912,258 | |
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., | |||||
Gtd. Notes, 144A | 5.500 | 01/15/28 | 2,625 | 2,421,286 | |
Gtd. Notes, 144A(a) | 6.000 | 12/31/30 | 1,700 | 1,514,039 | |
Gtd. Notes, 144A | 7.500 | 10/01/25 | 1,075 | 1,079,095 | |
Taylor Morrison Communities, Inc., | |||||
Gtd. Notes, 144A | 5.750 | 01/15/28 | 2,723 | 2,651,534 | |
Sr. Unsec’d. Notes, 144A | 5.125 | 08/01/30 | 175 | 163,379 | |
Tenet Healthcare Corp., | |||||
Gtd. Notes | 6.125 | 10/01/28 | 850 | 809,929 |
26
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Tenet Healthcare Corp., (cont’d.) | |||||
Sr. Sec’d. Notes | 4.250 % | 06/01/29 | 600 | $537,697 | |
Sr. Sec’d. Notes | 4.375 | 01/15/30 | 150 | 133,854 | |
Sr. Sec’d. Notes | 5.125 | 11/01/27 | 1,955 | 1,856,659 | |
Texas Capital Bank NA, Sr. Unsec’d. Notes, 144A, 3 Month LIBOR + 4.500% | 10.038(c) | 09/30/24 | 10,924 | 10,329,807 | |
Thermo Fisher Scientific, Inc., | |||||
Sr. Unsec’d. Notes | 2.875 | 07/24/37 | EUR | 450 | 438,952 |
Sr. Unsec’d. Notes | 3.650 | 11/21/34 | EUR | 2,100 | 2,270,628 |
Time Warner Cable Enterprises LLC, Sr. Sec’d. Notes | 8.375 | 07/15/33 | 2,065 | 2,312,716 | |
T-Mobile USA, Inc., Gtd. Notes | 4.375 | 04/15/40 | 2,500 | 2,206,359 | |
Tote Shipholdings LLC, U.S. Gov’t. Gtd. Notes | 3.400 | 10/16/40 | 91 | 84,368 | |
Truist Financial Corp., Sr. Unsec’d. Notes, MTN | 5.867(ff) | 06/08/34 | 780 | 786,624 | |
U.S. Bancorp, Jr. Sub. Notes | 3.700(ff) | 01/15/27(oo) | 18,150 | 14,143,193 | |
UGI International LLC, Gtd. Notes, 144A | 2.500 | 12/01/29 | EUR | 8,225 | 6,963,408 |
United Airlines, Inc., | |||||
Sr. Sec’d. Notes, 144A | 4.375 | 04/15/26 | 3,750 | 3,551,945 | |
Sr. Sec’d. Notes, 144A | 4.625 | 04/15/29 | 950 | 861,252 | |
United Rentals North America, Inc., | |||||
Gtd. Notes | 3.750 | 01/15/32 | 250 | 211,659 | |
Gtd. Notes | 3.875 | 02/15/31 | 391 | 336,826 | |
Gtd. Notes(a) | 4.875 | 01/15/28 | 3,115 | 2,969,610 | |
Gtd. Notes(a) | 5.250 | 01/15/30 | 2,340 | 2,228,798 | |
Univision Communications, Inc., Sr. Sec’d. Notes, 144A | 6.625 | 06/01/27 | 3,335 | 3,244,316 | |
Vector Group Ltd., Sr. Sec’d. Notes, 144A | 5.750 | 02/01/29 | 4,750 | 4,134,194 | |
Ventas Realty LP, Gtd. Notes(a) | 2.500 | 09/01/31 | 7,995 | 6,336,338 | |
Verizon Communications, Inc., | |||||
Sr. Unsec’d. Notes | 2.500 | 04/08/31 | GBP | 1,400 | 1,440,786 |
Sr. Unsec’d. Notes, MTN | 2.650 | 05/06/30 | AUD | 1,600 | 880,263 |
Sr. Unsec’d. Notes, MTN | 3.000 | 03/23/31 | AUD | 1,000 | 544,497 |
Sr. Unsec’d. Notes, Series MPLE | 4.050 | 03/22/51 | CAD | 3,200 | 1,919,186 |
27
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Viatris, Inc., | |||||
Gtd. Notes | 3.850 % | 06/22/40 | 4,410 | $3,128,998 | |
Gtd. Notes | 4.000 | 06/22/50 | 4,425 | 2,992,823 | |
VICI Properties LP/VICI Note Co., Inc., Gtd. Notes, 144A | 4.250 | 12/01/26 | 4,000 | 3,773,509 | |
Vistra Corp., | |||||
Jr. Sub. Notes, 144A | 7.000(ff) | 12/15/26(oo) | 2,650 | 2,387,792 | |
Jr. Sub. Notes, 144A | 8.000(ff) | 10/15/26(oo) | 9,650 | 9,178,825 | |
Vistra Operations Co. LLC, | |||||
Gtd. Notes, 144A | 5.000 | 07/31/27 | 3,520 | 3,311,828 | |
Sr. Sec’d. Notes, 144A | 3.550 | 07/15/24 | 14,300 | 13,906,164 | |
Warnermedia Holdings, Inc., | |||||
Gtd. Notes | 5.050 | 03/15/42 | 4,355 | 3,628,354 | |
Gtd. Notes | 5.141 | 03/15/52 | 2,610 | 2,114,549 | |
Gtd. Notes | 5.391 | 03/15/62 | 154 | 125,110 | |
Wells Fargo & Co., | |||||
Sr. Unsec’d. Notes | 4.000 | 04/27/27 | AUD | 4,198 | 2,659,421 |
Sr. Unsec’d. Notes, GMTN | 3.700 | 07/27/26 | AUD | 1,458 | 929,454 |
Sr. Unsec’d. Notes, MTN | 2.572(ff) | 02/11/31 | 7,890 | 6,665,549 | |
Welltower OP LLC, | |||||
Gtd. Notes | 2.050 | 01/15/29 | 3,100 | 2,602,965 | |
Gtd. Notes | 2.800 | 06/01/31 | 10,300 | 8,544,642 | |
Gtd. Notes | 3.100 | 01/15/30 | 5,600 | 4,900,284 | |
WPC Eurobond BV, Gtd. Notes | 0.950 | 06/01/30 | EUR | 9,950 | 8,452,600 |
696,021,862 | |||||
Total Corporate Bonds (cost $1,487,710,718) | 1,268,021,033 | ||||
Floating Rate and Other Loans 1.0% | |||||
Jamaica 0.0% | |||||
Digicel International Finance Ltd., First Lien Initial Term B Loan, 6 Month LIBOR + 3.250% | 8.981(c) | 05/27/24 | 433 | 390,156 |
28
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Floating Rate and Other Loans (Continued) | |||||
United Kingdom 1.0% | |||||
Constellation Automotive Group Ltd., Facility B2 (First Lien), SONIA + 4.750% | 9.681 %(c) | 07/28/28 | GBP | 3,850 | $4,454,219 |
EG Group Ltd., Additional Second Lien Loan Facility, 1 Month EURIBOR + 7.000% | 10.636(c) | 04/30/27 | EUR | 22,173 | 22,550,772 |
27,004,991 | |||||
United States 0.0% | |||||
Diamond Sports Group LLC, | |||||
First Lien Term Loan, 1 Month SOFR + 10.100% | 12.775(c) | 05/25/26 | 247 | 186,710 | |
Second Lien Term Loan | 8.025 | 08/24/26 | 7,155 | 202,714 | |
389,424 | |||||
Total Floating Rate and Other Loans (cost $34,715,125) | 27,784,571 | ||||
Municipal Bond 0.2% | |||||
Puerto Rico | |||||
Commonwealth of Puerto Rico, General Obligation, Sub-Series C (cost $6,029,026) | 0.000(cc) | 11/01/43 | 10,573 | 5,418,695 | |
Residential Mortgage-Backed Securities 4.5% | |||||
Spain 0.1% | |||||
Retiro Mortgage Securities DAC, Series 01A, Class A1, 144A, 3 Month EURIBOR + 2.000% (Cap 5.000%, Floor 0.000%) | 5.000(c) | 07/30/75 | EUR | 1,693 | 1,829,286 |
United States 4.4% | |||||
APS Resecuritization Trust, Series 2016-01, Class 1A, 144A, 1 Month LIBOR + 0.150% (Cap N/A, Floor 0.150%) | 5.355(c) | 07/27/57 | 92 | 90,627 | |
Bellemeade Re Ltd., | |||||
Series 2021-01A, Class M1A, 144A, 30 Day Average SOFR + 1.750% (Cap N/A, Floor 1.750%) | 6.819(c) | 03/25/31 | 695 | 695,899 | |
Series 2021-01A, Class M1C, 144A, 30 Day Average SOFR + 2.950% (Cap N/A, Floor 2.950%) | 8.019(c) | 03/25/31 | 1,750 | 1,776,745 |
29
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Residential Mortgage-Backed Securities (Continued) | |||||
United States (cont’d.) | |||||
Bellemeade Re Ltd., (cont’d.) | |||||
Series 2021-03A, Class M1B, 144A, 30 Day Average SOFR + 1.400% (Cap N/A, Floor 1.400%) | 6.469 %(c) | 09/25/31 | 1,200 | $1,186,636 | |
BVRT Financing Trust, Series 2021-04, Class F, 144A, 1 Month SOFR + 2.000%^ | 7.067(c) | 09/12/26 | 3,916 | 3,916,421 | |
Connecticut Avenue Securities Trust, | |||||
Series 2019-R07, Class 1M2, 144A, 30 Day Average SOFR + 2.214% (Cap N/A, Floor 0.000%) | 7.283(c) | 10/25/39 | 36 | 35,641 | |
Series 2020-R01, Class 1M2, 144A, 30 Day Average SOFR + 2.164% (Cap N/A, Floor 0.000%) | 7.233(c) | 01/25/40 | 403 | 405,920 | |
Series 2021-R01, Class 1B1, 144A, 30 Day Average SOFR + 3.100% (Cap N/A, Floor 0.000%) | 8.169(c) | 10/25/41 | 1,650 | 1,659,577 | |
Series 2021-R01, Class 1M2, 144A, 30 Day Average SOFR + 1.550% (Cap N/A, Floor 0.000%) | 6.619(c) | 10/25/41 | 240 | 237,927 | |
Series 2021-R03, Class 1B1, 144A, 30 Day Average SOFR + 2.750% (Cap N/A, Floor 2.750%) | 7.819(c) | 12/25/41 | 500 | 495,057 | |
Series 2022-R01, Class 1B1, 144A, 30 Day Average SOFR + 3.150% (Cap N/A, Floor 0.000%) | 8.219(c) | 12/25/41 | 540 | 542,843 | |
Credit Suisse Mortgage Trust, Series 2020-RPL06, Class A1, 144A | 2.688(cc) | 03/25/59 | 1,985 | 1,926,129 | |
Eagle Re Ltd., | |||||
Series 2021-01, Class M1C, 144A, 30 Day Average SOFR + 2.700% (Cap N/A, Floor 2.700%) | 7.769(c) | 10/25/33 | 3,452 | 3,457,668 | |
Series 2021-02, Class M1C, 144A, 30 Day Average SOFR + 3.450% (Cap N/A, Floor 3.450%) | 8.519(c) | 04/25/34 | 3,500 | 3,575,715 | |
Fannie Mae Connecticut Avenue Securities, | |||||
Series 2021-R02, Class 2B1, 144A, 30 Day Average SOFR + 3.300% (Cap N/A, Floor 0.000%) | 8.369(c) | 11/25/41 | 260 | 260,481 | |
Series 2021-R02, Class 2M2, 144A, 30 Day Average SOFR + 2.000% (Cap N/A, Floor 0.000%) | 7.069(c) | 11/25/41 | 1,440 | 1,414,269 |
30
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Residential Mortgage-Backed Securities (Continued) | |||||
United States (cont’d.) | |||||
Fannie Mae REMIC, Series 2012-107, Class GI, IO | 3.500 % | 09/25/27 | 1,446 | $52,006 | |
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%) | 9.069(c) | 11/25/50 | 595 | 615,800 | |
Series 2020-HQA05, Class M2, 144A, 30 Day Average SOFR + 2.600% (Cap N/A, Floor 0.000%) | 7.669(c) | 11/25/50 | 1,479 | 1,502,600 | |
Series 2021-DNA02, Class B1, 144A, 30 Day Average SOFR + 3.400% (Cap N/A, Floor 0.000%) | 8.469(c) | 08/25/33 | 1,700 | 1,734,000 | |
FHLMC Structured Agency Credit Risk REMIC Trust, | |||||
Series 2020-DNA02, Class M2, 144A, 30 Day Average SOFR + 1.964% (Cap N/A, Floor 0.000%) | 7.033(c) | 02/25/50 | 1,489 | 1,493,987 | |
Series 2020-DNA03, Class B1, 144A, 30 Day Average SOFR + 5.214% (Cap N/A, Floor 0.000%) | 10.283(c) | 06/25/50 | 544 | 585,066 | |
Series 2020-DNA06, Class B1, 144A, 30 Day Average SOFR + 3.000% (Cap N/A, Floor 0.000%) | 8.069(c) | 12/25/50 | 400 | 396,000 | |
Series 2020-HQA02, Class M2, 144A, 30 Day Average SOFR + 3.214% (Cap N/A, Floor 0.000%) | 8.283(c) | 03/25/50 | 117 | 119,986 | |
Series 2020-HQA04, Class B1, 144A, 30 Day Average SOFR + 5.364% (Cap N/A, Floor 0.000%) | 10.433(c) | 09/25/50 | 1,212 | 1,298,973 | |
Series 2021-DNA01, Class B1, 144A, 30 Day Average SOFR + 2.650% (Cap N/A, Floor 0.000%) | 7.719(c) | 01/25/51 | 2,995 | 2,936,029 | |
Series 2021-DNA01, Class M2, 144A, 30 Day Average SOFR + 1.800% (Cap N/A, Floor 0.000%) | 6.869(c) | 01/25/51 | 9,269 | 9,284,292 | |
Series 2021-DNA03, Class B1, 144A, 30 Day Average SOFR + 3.500% (Cap N/A, Floor 0.000%) | 8.569(c) | 10/25/33 | 500 | 515,259 | |
Series 2021-DNA05, Class B1, 144A, 30 Day Average SOFR + 3.050% (Cap N/A, Floor 0.000%) | 8.119(c) | 01/25/34 | 4,630 | 4,644,492 |
31
PGIM Global Total Return Fund
Schedule of Investments as of July 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-DNA05, Class M2, 144A, 30 Day Average SOFR + 1.650% (Cap N/A, Floor 0.000%) | 6.719 %(c) | 01/25/34 | 1,233 | $1,234,547 | |
Series 2021-DNA06, Class B1, 144A, 30 Day Average SOFR + 3.400% (Cap N/A, Floor 0.000%) | 8.469(c) | 10/25/41 | 1,830 | 1,839,150 | |
Series 2021-DNA07, Class M2, 144A, 30 Day Average SOFR + 1.800% (Cap N/A, Floor 0.000%) | 6.869(c) | 11/25/41 | 200 | 196,248 | |
Series 2021-HQA01, Class B1, 144A, 30 Day Average SOFR + 3.000% (Cap N/A, Floor 0.000%) | 8.069(c) | 08/25/33 | 13,800 | 13,663,243 | |
Series 2021-HQA01, Class M2, 144A, 30 Day Average SOFR + 2.250% (Cap N/A, Floor 0.000%) | 7.319(c) | 08/25/33 | 16,928 | 16,868,954 | |
Series 2021-HQA02, Class B1, 144A, 30 Day Average SOFR + 3.150% (Cap N/A, Floor 0.000%) | 8.219(c) | 12/25/33 | 2,000 | 1,983,113 | |
Series 2021-HQA03, Class B1, 144A, 30 Day Average SOFR + 3.350% (Cap N/A, Floor 0.000%) | 8.419(c) | 09/25/41 | 970 | 966,383 | |
Series 2021-HQA03, Class M2, 144A, 30 Day Average SOFR + 2.100% (Cap N/A, Floor 0.000%) | 7.169(c) | 09/25/41 | 3,350 | 3,283,000 | |
Series 2021-HQA04, Class M2, 144A, 30 Day Average SOFR + 2.350% (Cap N/A, Floor 0.000%) | 7.419(c) | 12/25/41 | 2,100 | 2,059,583 | |
Freddie Mac REMIC, Series 4166, Class IO, IO | 3.500 | 02/15/43 | 4,335 | 729,117 | |
GCAT Asset-Backed Notes, Series 2021-01, Class A1, 144A | 2.487 | 11/25/49 | 11,648 | 10,559,820 | |
Home Re Ltd., | |||||
Series 2019-01, Class M1, 144A, 1 Month LIBOR + 1.650% (Cap N/A, Floor 0.000%) | 7.062(c) | 05/25/29 | 378 | 377,906 | |
Series 2021-01, Class M1B, 144A, 1 Month LIBOR + 1.550% (Cap N/A, Floor 0.000%) | 6.962(c) | 07/25/33 | 1,486 | 1,485,374 | |
Series 2021-02, Class M1B, 144A, 30 Day Average SOFR + 1.600% (Cap N/A, Floor 0.000%) | 6.669(c) | 01/25/34 | 2,030 | 2,021,352 |
32
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Residential Mortgage-Backed Securities (Continued) | |||||
United States (cont’d.) | |||||
Home Re Ltd., (cont’d.) | |||||
Series 2021-02, Class M1C, 144A, 30 Day Average SOFR + 2.800% (Cap N/A, Floor 0.000%) | 7.869 %(c) | 01/25/34 | 4,790 | $4,729,834 | |
Legacy Mortgage Asset Trust, Series 2020-GS01, Class A1, 144A | 5.882(cc) | 10/25/59 | 4,850 | 4,834,266 | |
New Residential Mortgage Loan Trust, Series 2018-04A, Class A1S, 144A, 1 Month LIBOR + 0.750% (Cap N/A, Floor 0.750%) | 6.162(c) | 01/25/48 | 536 | 521,740 | |
Oaktown Re VI Ltd., Series 2021-01A, Class M1B, 144A, 30 Day Average SOFR + 2.050% (Cap N/A, Floor 2.050%) | 7.119(c) | 10/25/33 | 1,538 | 1,540,529 | |
Oaktown Re VII Ltd., | |||||
Series 2021-02, Class M1A, 144A, 30 Day Average SOFR + 1.600% (Cap N/A, Floor 1.600%) | 6.669(c) | 04/25/34 | 1,985 | 1,972,110 | |
Series 2021-02, Class M1B, 144A, 30 Day Average SOFR + 2.900% (Cap N/A, Floor 2.900%) | 7.969(c) | 04/25/34 | 700 | 710,021 | |
PNMAC GMSR Issuer Trust, | |||||
Series 2018-GT01, Class A, 144A, 1 Month LIBOR + 3.850% (Cap N/A, Floor 2.850%) | 9.262(c) | 02/25/25 | 1,020 | 1,019,486 | |
Series 2018-GT02, Class A, 144A, 1 Month LIBOR + 2.650% (Cap N/A, Floor 0.000%) | 8.062(c) | 08/25/25 | 2,300 | 2,279,990 | |
Radnor Re Ltd., Series 2021-02, Class M1B, 144A, 30 Day Average SOFR + 3.700% (Cap N/A, Floor 3.700%) | 8.769(c) | 11/25/31 | 5,100 | 5,109,842 | |
126,841,653 | |||||
Total Residential Mortgage-Backed Securities (cost $129,346,490) | 128,670,939 | ||||
Sovereign Bonds 25.7% | |||||
Albania 0.0% | |||||
Albania Government International Bond, Sr. Unsec’d. Notes, 144A | 3.500 | 10/09/25 | EUR | 1,000 | 1,054,970 |
33
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Andorra 0.0% | |||||
Andorra International Bond, Sr. Unsec’d. Notes, EMTN | 1.250 % | 05/06/31 | EUR | 400 | $355,236 |
Argentina 0.1% | |||||
Argentine Republic Government International Bond, | |||||
Bonds | 4.330 | 12/31/33(d) | JPY | 519,215 | 664,980 |
Sr. Unsec’d. Notes | 0.670 | 12/31/38(d) | JPY | 1,637,456 | 1,459,429 |
Sr. Unsec’d. Notes | 0.670 | 12/31/38(d) | JPY | 59,017 | 52,373 |
2,176,782 | |||||
Austria 0.1% | |||||
Republic of Austria Government International Bond, Sr. Unsec’d. Notes, 144A, MTN | 5.375 | 12/01/34 | CAD | 2,143 | 1,745,960 |
Brazil 0.7% | |||||
Brazil Minas SPE via State of Minas Gerais, Gov’t. Gtd. Notes | 5.333 | 02/15/28 | 20,912 | 20,495,779 | |
Brazilian Government International Bond, | |||||
Sr. Unsec’d. Notes | 8.500 | 01/05/24 | BRL | 30 | 6,179 |
Sr. Unsec’d. Notes, Series B | 8.875 | 04/15/24 | 208 | 212,312 | |
20,714,270 | |||||
Bulgaria 0.3% | |||||
Bulgaria Government International Bond, Sr. Unsec’d. Notes, GMTN | 3.125 | 03/26/35 | EUR | 8,212 | 7,876,711 |
Canada 0.0% | |||||
Canadian Government Bond, Bonds(k) | 4.000 | 06/01/41 | CAD | 650 | 528,986 |
City of Toronto, Unsec’d. Notes | 3.250 | 06/24/46 | CAD | 1,000 | 612,606 |
1,141,592 | |||||
Chile 0.1% | |||||
Bonos de la Tesoreria de la Republica en pesos, Bonds | 5.000 | 03/01/35 | CLP | 505,000 | 590,189 |
34
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Chile (cont’d.) | |||||
Chile Government International Bond, | |||||
Sr. Unsec’d. Notes | 0.830 % | 07/02/31 | EUR | 1,000 | $863,724 |
Sr. Unsec’d. Notes | 1.440 | 02/01/29 | EUR | 1,884 | 1,811,262 |
3,265,175 | |||||
China 1.8% | |||||
China Government Bond, | |||||
Sr. Unsec’d. Notes | 3.310 | 11/30/25 | CNH | 4,000 | 571,056 |
Sr. Unsec’d. Notes | 3.480 | 06/29/27 | CNH | 2,000 | 288,900 |
Sr. Unsec’d. Notes | 3.600 | 05/21/30 | CNH | 18,500 | 2,723,855 |
Sr. Unsec’d. Notes | 3.900 | 07/04/36 | CNH | 16,000 | 2,415,625 |
Sr. Unsec’d. Notes | 3.950 | 06/29/43 | CNH | 40,000 | 6,141,306 |
Sr. Unsec’d. Notes | 4.000 | 11/30/35 | CNH | 76,500 | 11,729,622 |
Sr. Unsec’d. Notes | 4.100 | 05/21/45 | CNH | 62,000 | 9,620,253 |
Sr. Unsec’d. Notes | 4.150 | 12/12/31 | CNH | 41,500 | 6,409,635 |
Sr. Unsec’d. Notes | 4.400 | 12/12/46 | CNH | 48,500 | 7,873,481 |
Sr. Unsec’d. Notes | 4.500 | 05/22/34 | CNH | 24,000 | 3,839,644 |
Export-Import Bank of China (The), Sr. Unsec’d. Notes | 4.150 | 06/18/27 | CNH | 4,000 | 587,582 |
52,200,959 | |||||
Colombia 2.1% | |||||
Colombia Government International Bond, | |||||
Sr. Unsec’d. Notes | 8.375 | 02/15/27 | 3,168 | 3,214,538 | |
Sr. Unsec’d. Notes | 9.850 | 06/28/27 | COP | 15,013,000 | 3,712,319 |
Sr. Unsec’d. Notes | 10.375 | 01/28/33 | 1,401 | 1,625,861 | |
Sr. Unsec’d. Notes | 11.850 | 03/09/28 | 1,000 | 1,174,640 | |
Sr. Unsec’d. Notes, EMTN | 3.875 | 03/22/26 | EUR | 47,879 | 50,478,808 |
60,206,166 | |||||
Cyprus 0.9% | |||||
Cyprus Government International Bond, | |||||
Sr. Unsec’d. Notes, EMTN | 1.250 | 01/21/40 | EUR | 7,550 | 5,506,452 |
Sr. Unsec’d. Notes, EMTN | 2.250 | 04/16/50 | EUR | 2,000 | 1,551,350 |
Sr. Unsec’d. Notes, EMTN | 2.375 | 09/25/28 | EUR | 4,694 | 4,892,079 |
Sr. Unsec’d. Notes, EMTN | 2.750 | 02/26/34 | EUR | 10,200 | 10,059,317 |
Sr. Unsec’d. Notes, EMTN | 2.750 | 05/03/49 | EUR | 3,000 | 2,641,340 |
24,650,538 |
35
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Denmark 0.1% | |||||
Denmark Government Bond, | |||||
Bonds | 1.750 % | 11/15/25 | DKK | 3,520 | $503,906 |
Bonds | 4.500 | 11/15/39 | DKK | 1,800 | 322,638 |
Bonds, Series 10YR | 0.500 | 11/15/27 | DKK | 12,110 | 1,624,779 |
Bonds, Series 10YR | 0.500 | 11/15/29 | DKK | 4,300 | 555,906 |
Bonds, Series 30YR | 0.250 | 11/15/52 | DKK | 5,000 | 373,927 |
3,381,156 | |||||
Egypt 0.0% | |||||
Egypt Government International Bond, Sr. Unsec’d. Notes, 144A, MTN | 4.750 | 04/16/26 | EUR | 700 | 581,825 |
Finland 0.0% | |||||
Kuntarahoitus OYJ, Local Gov’t. Gtd. Notes, EMTN | 3.050 | 09/24/32 | SEK | 13,000 | 1,150,998 |
France 0.8% | |||||
Caisse Francaise de Financement Local, Covered Bonds, EMTN | 4.680 | 03/09/29 | CAD | 28,712 | 21,588,063 |
French Republic Government Bond OAT, Bonds, 144A(k) | 0.500 | 05/25/72 | EUR | 100 | 39,890 |
21,627,953 | |||||
Germany 0.0% | |||||
State of North Rhine-Westphalia, Sr. Unsec’d. Notes, EMTN | 7.500 | 06/08/27 | MXN | 500 | 27,286 |
Greece 2.7% | |||||
Hellenic Republic Government Bond, | |||||
Bonds | 4.300 | 02/24/25 | EUR | 1 | 1,108 |
Bonds | 4.300 | 02/24/29 | EUR | 1 | 1,066 |
Bonds | 4.300 | 02/24/30 | EUR | 2 | 2,121 |
Bonds | 4.300 | 02/24/31 | EUR | 34 | 35,924 |
Bonds | 4.300 | 02/24/32 | EUR | 60 | 63,140 |
Bonds | 4.300 | 02/24/36 | EUR | 2 | 1,994 |
Bonds | 4.300 | 02/24/39 | EUR | 1 | 1,068 |
Sr. Unsec’d. Notes, 144A | 1.875 | 02/04/35 | EUR | 60,000 | 53,654,278 |
Sr. Unsec’d. Notes, 144A | 1.875 | 01/24/52 | EUR | 7,585 | 5,234,532 |
36
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Greece (cont’d.) | |||||
Hellenic Republic Government International Bond, | |||||
Sr. Unsec’d. Notes | 5.200 % | 07/17/34 | EUR | 9,719 | $11,332,829 |
Sr. Unsec’d. Notes | 6.140 | 04/14/28 | EUR | 5,200 | 6,240,771 |
76,568,831 | |||||
Hungary 0.2% | |||||
Hungary Government International Bond, | |||||
Sr. Unsec’d. Notes | 1.625 | 04/28/32 | EUR | 4,176 | 3,537,944 |
Sr. Unsec’d. Notes, 144A | 2.125 | 09/22/31 | 1,375 | 1,073,022 | |
4,610,966 | |||||
Indonesia 1.5% | |||||
Indonesia Government International Bond, | |||||
Sr. Unsec’d. Notes | 0.900 | 02/14/27 | EUR | 10,300 | 10,092,253 |
Sr. Unsec’d. Notes | 1.000 | 07/28/29 | EUR | 8,500 | 7,769,309 |
Sr. Unsec’d. Notes | 1.400 | 10/30/31 | EUR | 9,560 | 8,339,497 |
Sr. Unsec’d. Notes | 1.750 | 04/24/25 | EUR | 2,600 | 2,732,460 |
Sr. Unsec’d. Notes, EMTN | 3.750 | 06/14/28 | EUR | 13,980 | 15,172,263 |
44,105,782 | |||||
Israel 0.2% | |||||
Israel Government International Bond, Sr. Unsec’d. Notes, EMTN | 6.875 | 10/21/34 | GBP | 3,435 | 4,758,724 |
Italy 5.3% | |||||
Cassa Del Trentino SPA, Local Gov’t. Gtd. Notes, EMTN | 1.160 | 06/17/26 | EUR | 937 | 980,742 |
Region of Lazio, Sr. Unsec’d. Notes | 3.088 | 03/31/43 | EUR | 6,366 | 6,038,681 |
Region of Umbria, Sr. Unsec’d. Notes, 6 Month EURIBOR + 0.200% | 3.490(c) | 03/26/31 | EUR | 872 | 889,887 |
Repubic of Italy Government International Bond Coupon Strips, Sr. Unsec’d. Notes | 1.737(s) | 02/20/31 | EUR | 5,324 | 4,346,635 |
Republic of Italy Government International Bond, | |||||
Sr. Unsec’d. Notes | 2.875 | 10/17/29 | 3,300 | 2,861,749 | |
Sr. Unsec’d. Notes, EMTN | 3.444 | 12/31/24 | EUR | 35 | 38,287 |
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 | 8,742,333 |
37
PGIM Global Total Return Fund
Schedule of Investments as of July 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 | 4.425 % | 03/28/36 | EUR | 1,400 | $1,484,803 |
Sr. Unsec’d. Notes, EMTN | 5.250 | 12/07/34 | GBP | 17,018 | 20,143,515 |
Sr. Unsec’d. Notes, EMTN | 5.345 | 01/27/48 | EUR | 2,100 | 2,423,853 |
Sr. Unsec’d. Notes, EMTN | 6.000 | 08/04/28 | GBP | 69,287 | 88,683,835 |
Sr. Unsec’d. Notes, MTN | 5.375 | 06/15/33 | 11,108 | 10,980,098 | |
Sr. Unsec’d. Notes, Series 67, EMTN, EURIBOR ICE SWAP 11:00 Fft 10Y Index + 0.000% (Cap 8.800%, Floor 0.000%) | 2.988(c) | 05/11/26 | EUR | 3,000 | 3,199,745 |
150,814,163 | |||||
Japan 0.1% | |||||
Japan Government Twenty Year Bond, Bonds, Series 159 (k) | 0.600 | 12/20/36 | JPY | 350,000 | 2,376,822 |
Kazakhstan 0.3% | |||||
Kazakhstan Government International Bond, Sr. Unsec’d. Notes, EMTN | 1.500 | 09/30/34 | EUR | 9,400 | 7,535,571 |
Mexico 0.7% | |||||
Mexico Government International Bond, | |||||
Sr. Unsec’d. Notes | 1.125 | 01/17/30 | EUR | 10,100 | 9,092,844 |
Sr. Unsec’d. Notes(a) | 1.450 | 10/25/33 | EUR | 4,825 | 3,891,282 |
Sr. Unsec’d. Notes(a) | 2.875 | 04/08/39 | EUR | 5,000 | 4,090,800 |
Sr. Unsec’d. Notes | 4.000 | 03/15/2115 | EUR | 950 | 774,327 |
Sr. Unsec’d. Notes, EMTN | 5.625 | 03/19/2114 | GBP | 340 | 327,808 |
Sr. Unsec’d. Notes, Series 28 | 2.000 | 04/20/38 | JPY | 300,000 | 1,751,567 |
Sr. Unsec’d. Notes, Series A, MTN | 7.500 | 04/08/33 | 875 | 988,686 | |
20,917,314 | |||||
Montenegro 0.0% | |||||
Montenegro Government International Bond, Sr. Unsec’d. Notes, 144A | 3.375 | 04/21/25 | EUR | 750 | 783,196 |
Panama 0.4% | |||||
Panama Government International Bond, Sr. Unsec’d. Notes | 8.125 | 04/28/34 | 10,732 | 12,611,817 |
38
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Peru 0.7% | |||||
Peruvian Government International Bond, | |||||
Sr. Unsec’d. Notes | 1.250 % | 03/11/33 | EUR | 1,200 | $1,002,163 |
Sr. Unsec’d. Notes | 2.750 | 01/30/26 | EUR | 7,718 | 8,213,118 |
Sr. Unsec’d. Notes | 3.750 | 03/01/30 | EUR | 9,408 | 10,042,152 |
19,257,433 | |||||
Philippines 1.0% | |||||
Philippine Government International Bond, | |||||
Sr. Unsec’d. Notes | 0.700 | 02/03/29 | EUR | 5,365 | 4,896,549 |
Sr. Unsec’d. Notes | 1.200 | 04/28/33 | EUR | 1,350 | 1,131,709 |
Sr. Unsec’d. Notes | 1.750 | 04/28/41 | EUR | 1,085 | 785,324 |
Sr. Unsec’d. Notes, EMTN | 0.875 | 05/17/27 | EUR | 4,000 | 3,902,213 |
Sr. Unsec’d. Notes, Series 11 | 0.990 | 08/15/28 | JPY | 800,000 | 5,568,763 |
Sr. Unsec’d. Notes, Series 15 | 0.590 | 08/15/29 | JPY | 1,700,000 | 11,402,003 |
27,686,561 | |||||
Poland 0.0% | |||||
Republic of Poland Government International Bond, Sr. Unsec’d. Notes, EMTN | 3.220 | 08/04/34 | JPY | 100,000 | 814,918 |
Portugal 0.2% | |||||
Regiao Autonoma Madeira, Gov’t. Gtd. Notes | 0.943 | 05/29/32 | EUR | 5,000 | 4,396,825 |
Romania 0.6% | |||||
Romanian Government International Bond, | |||||
Sr. Unsec’d. Notes, 144A, MTN | 2.500 | 02/08/30 | EUR | 4,150 | 3,826,651 |
Sr. Unsec’d. Notes, EMTN | 2.124 | 07/16/31 | EUR | 2,000 | 1,695,011 |
Sr. Unsec’d. Notes, EMTN | 2.375 | 04/19/27 | EUR | 1,000 | 1,012,848 |
Sr. Unsec’d. Notes, EMTN | 3.375 | 02/08/38 | EUR | 2,138 | 1,741,492 |
Sr. Unsec’d. Notes, EMTN | 3.500 | 04/03/34 | EUR | 1,000 | 884,955 |
Sr. Unsec’d. Notes, EMTN | 3.875 | 10/29/35 | EUR | 1,000 | 896,136 |
Sr. Unsec’d. Notes, EMTN | 4.125 | 03/11/39 | EUR | 2,966 | 2,609,742 |
Sr. Unsec’d. Notes, MTN | 2.875 | 05/26/28 | EUR | 700 | 698,927 |
Unsec’d. Notes, 144A, MTN | 2.124 | 07/16/31 | EUR | 3,600 | 3,051,020 |
Unsec’d. Notes, 144A, MTN | 2.875 | 05/26/28 | EUR | 1,100 | 1,098,314 |
17,515,096 |
39
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Saudi Arabia 0.4% | |||||
Saudi Government International Bond, Sr. Unsec’d. Notes | 2.000 % | 07/09/39 | EUR | 13,756 | $10,908,403 |
Serbia 1.0% | |||||
Serbia International Bond, | |||||
Sr. Unsec’d. Notes | 1.500 | 06/26/29 | EUR | 6,000 | 5,239,338 |
Sr. Unsec’d. Notes | 3.125 | 05/15/27 | EUR | 15,595 | 15,661,798 |
Sr. Unsec’d. Notes, 144A(a) | 2.125 | 12/01/30 | 9,015 | 6,975,897 | |
27,877,033 | |||||
Slovenia 0.0% | |||||
Slovenia Government Bond, Unsec’d. Notes, Series RS86 | 0.000 | 02/12/31 | EUR | 100 | 85,776 |
South Korea 0.1% | |||||
Export-Import Bank of Korea, | |||||
Sr. Unsec’d. Notes, 144A, MTN | 6.700 | 12/02/24 | IDR | 40,000 | 2,656 |
Sr. Unsec’d. Notes, 144A, MTN | 8.000 | 05/15/24 | IDR | 6,800,000 | 455,027 |
Sr. Unsec’d. Notes, EMTN | 4.140 | 09/04/23 | CNH | 5,000 | 700,375 |
Sr. Unsec’d. Notes, EMTN | 7.250 | 12/07/24 | IDR | 10,000,000 | 668,481 |
Sr. Unsec’d. Notes, EMTN | 8.000 | 05/15/24 | IDR | 19,600,000 | 1,309,613 |
3,136,152 | |||||
Spain 2.2% | |||||
Autonomous Community of Catalonia, | |||||
Sr. Unsec’d. Notes | 4.690 | 10/28/34 | EUR | 588 | 655,133 |
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 | 1,178,158 |
Sr. Unsec’d. Notes, EMTN | 5.900 | 05/28/30 | EUR | 3,250 | 3,848,566 |
Sr. Unsec’d. Notes, EMTN | 6.350 | 11/30/41 | EUR | 2,100 | 2,718,128 |
Spain Government Bond, | |||||
Sr. Unsec’d. Notes, 144A(k) | 1.000 | 10/31/50 | EUR | 10,600 | 6,079,829 |
Sr. Unsec’d. Notes, 144A(k) | 1.200 | 10/31/40 | EUR | 2,500 | 1,846,218 |
Sr. Unsec’d. Notes, 144A | 1.850 | 07/30/35 | EUR | 7,225 | 6,612,791 |
Sr. Unsec’d. Notes, 144A | 3.450 | 07/30/66 | EUR | 4,200 | 4,096,724 |
Spain Government Bond Coupon Strips, | |||||
Bonds | 0.246(s) | 01/31/32 | EUR | 3,900 | 3,188,165 |
Bonds(k) | 0.320(s) | 01/31/33 | EUR | 2,100 | 1,670,732 |
Bonds | 0.449(s) | 07/30/29 | EUR | 438 | 399,076 |
40
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Spain (cont’d.) | |||||
Spain Government Bond Coupon Strips, (cont’d.) | |||||
Bonds | 0.958 %(s) | 01/31/35 | EUR | 168 | $120,874 |
Bonds | 1.027(s) | 01/31/36 | EUR | 168 | 115,299 |
Bonds | 1.078(s) | 01/31/37 | EUR | 168 | 110,797 |
Bonds | 1.296(s) | 07/30/41 | EUR | 436 | 236,776 |
Bonds, Series CAC(k) | 0.579(s) | 07/30/29 | EUR | 3,600 | 3,244,237 |
Bonds, Series CAC | 1.128(s) | 07/30/36 | EUR | 862 | 585,895 |
Bonds, Series CAC | 1.212(s) | 07/30/37 | EUR | 862 | 560,347 |
Bonds, Series CAC | 1.297(s) | 07/30/38 | EUR | 862 | 537,923 |
Bonds, Series CAC | 1.365(s) | 07/30/42 | EUR | 300 | 157,390 |
Bonds, Series CAC | 1.405(s) | 07/30/43 | EUR | 300 | 151,504 |
Bonds, Series CAC | 1.455(s) | 07/30/44 | EUR | 300 | 145,759 |
Bonds, Series CAC | 1.475(s) | 07/30/45 | EUR | 300 | 140,544 |
Bonds, Series CAC | 1.485(s) | 07/30/46 | EUR | 300 | 135,158 |
Bonds, Series CAC | 1.504(s) | 07/30/47 | EUR | 300 | 130,392 |
Bonds, Series CAC | 1.514(s) | 07/30/48 | EUR | 300 | 125,814 |
Bonds, Series CAC | 1.544(s) | 07/30/49 | EUR | 300 | 120,136 |
Bonds, Series CAC | 1.564(s) | 07/30/50 | EUR | 300 | 113,507 |
Bonds, Series CAC | 1.594(s) | 07/30/51 | EUR | 300 | 108,625 |
Bonds, Series CAC | 1.623(s) | 07/30/52 | EUR | 300 | 107,033 |
Bonds, Series CAC | 1.663(s) | 07/30/53 | EUR | 300 | 101,884 |
Bonds, Series CAC | 1.683(s) | 07/30/54 | EUR | 300 | 97,881 |
Bonds, Series CAC | 1.703(s) | 07/30/55 | EUR | 300 | 93,570 |
Bonds, Series CAC | 1.732(s) | 07/30/56 | EUR | 300 | 84,591 |
Bonds, Series CAC | 1.772(s) | 07/30/57 | EUR | 300 | 80,428 |
Bonds, Series CAC | 1.782(s) | 07/30/58 | EUR | 300 | 80,163 |
Bonds, Series CAC | 1.812(s) | 07/30/59 | EUR | 300 | 73,070 |
Bonds, Series CAC | 1.851(s) | 07/30/60 | EUR | 300 | 71,924 |
Bonds, Series CAC | 1.871(s) | 07/30/61 | EUR | 300 | 67,728 |
Bonds, Series CAC | 1.891(s) | 07/30/62 | EUR | 300 | 62,888 |
Bonds, Series CAC | 1.921(s) | 07/30/63 | EUR | 300 | 60,212 |
Bonds, Series CAC | 1.950(s) | 07/30/64 | EUR | 300 | 56,728 |
Bonds, Series CAC | 1.980(s) | 07/30/65 | EUR | 300 | 53,585 |
Bonds, Series CAC | 2.010(s) | 07/30/66 | EUR | 300 | 52,477 |
Spain Government Bond Principal Strips, Bonds | 0.794(s) | 07/30/41 | EUR | 1,700 | 918,301 |
Spain Government International Bond, Sr. Unsec’d. Notes, EMTN | 5.250 | 04/06/29 | GBP | 16,080 | 20,375,787 |
61,572,747 |
41
PGIM Global Total Return Fund
Schedule of Investments as of July 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 | $53,969 |
Sr. Unsec’d. Notes, MTN | 2.665(s) | 05/11/37 | 110 | 56,111 | |
Sweden Government Bond, Bonds, Series 1053(k) | 3.500 | 03/30/39 | SEK | 10,000 | 1,052,557 |
1,162,637 | |||||
Tunisia 0.0% | |||||
Tunisian Republic, Sr. Unsec’d. Notes | 4.200 | 03/17/31 | JPY | 100,000 | 310,387 |
Ukraine 0.7% | |||||
Ukraine Government International Bond, | |||||
Sr. Unsec’d. Notes | 4.375 | 01/27/32(d) | EUR | 43,601 | 13,470,943 |
Sr. Unsec’d. Notes | 6.750 | 06/20/28(d) | EUR | 18,799 | 5,942,482 |
19,413,425 | |||||
United Kingdom 0.3% | |||||
HM Treasury UK Sovereign Sukuk PLC, Unsec’d. Notes(k) | 0.333 | 07/22/26 | GBP | 500 | 561,426 |
Jersey International Bond, Sr. Unsec’d. Notes | 3.750 | 06/09/54 | GBP | 834 | 801,612 |
United Kingdom Gilt, | |||||
Bonds(k) | 1.250 | 10/22/41 | GBP | 100 | 77,453 |
Bonds(k) | 1.250 | 07/31/51 | GBP | 100 | 63,512 |
Bonds(k) | 1.500 | 07/22/47 | GBP | 100 | 72,700 |
Bonds(k) | 1.625 | 10/22/71 | GBP | 100 | 61,831 |
Bonds(k) | 1.750 | 01/22/49 | GBP | 100 | 75,884 |
Bonds(k) | 1.750 | 07/22/57 | GBP | 100 | 70,120 |
Bonds(k) | 2.500 | 07/22/65 | GBP | 100 | 84,577 |
Bonds(k) | 3.250 | 01/22/44 | GBP | 100 | 107,038 |
Bonds(k) | 3.500 | 07/22/68 | GBP | 100 | 109,014 |
Bonds(k) | 3.750 | 07/22/52 | GBP | 100 | 113,979 |
Bonds(k) | 4.000 | 01/22/60 | GBP | 100 | 120,594 |
Bonds(k) | 4.250 | 03/07/36 | GBP | 300 | 380,454 |
Bonds(k) | 4.250 | 09/07/39 | GBP | 180 | 225,283 |
Bonds(k) | 4.250 | 12/07/40 | GBP | 100 | 124,785 |
Bonds(k) | 4.250 | 12/07/46 | GBP | 4,475 | 5,531,592 |
Bonds(k) | 4.250 | 12/07/49 | GBP | 100 | 123,882 |
Bonds(k) | 4.250 | 12/07/55 | GBP | 100 | 125,223 |
Bonds(k) | 4.500 | 12/07/42 | GBP | 100 | 128,507 |
42
PGIM Global Total Return Fund
Schedule of Investments as of July 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) | 4.750 % | 12/07/38 | GBP | 100 | $132,557 |
Unsec’d. Notes(k) | 0.875 | 01/31/46 | GBP | 100 | 63,396 |
Unsec’d. Notes(k) | 1.125 | 01/31/39 | GBP | 100 | 80,801 |
9,236,220 | |||||
Uruguay 0.1% | |||||
Uruguay Government International Bond, | |||||
Sr. Unsec’d. Notes | 6.875 | 09/28/25 | 2,162 | 2,201,759 | |
Sr. Unsec’d. Notes, Series 8 | 1.320 | 12/09/36 | JPY | 100,000 | 627,800 |
2,829,559 | |||||
Total Sovereign Bonds (cost $938,109,985) | 733,443,935 | ||||
U.S. Government Agency Obligations 0.7% | |||||
Federal National Mortgage Assoc. | 5.375 | 12/07/28 | GBP | 15,000 | 19,471,627 |
Sri Lanka Government AID Bond U.S. Gov’t. Gtd. Notes, Series 1, 3 Month LIBOR + 0.300% | 5.861(c) | 11/01/24 | USD | 750 | 732,000 |
Total U.S. Government Agency Obligations (cost $26,023,258) | 20,203,627 | ||||
U.S. Treasury Obligations 0.3% | |||||
U.S. Treasury Bonds(h) | 1.125 | 08/15/40 | 160 | 100,550 | |
U.S. Treasury Bonds(h) | 2.250 | 05/15/41 | 545 | 411,305 | |
U.S. Treasury Notes(h)(k) | 1.500 | 11/30/28 | 55 | 48,030 | |
U.S. Treasury Notes(h) | 1.750 | 03/15/25 | 325 | 308,103 | |
U.S. Treasury Notes(h) | 1.875 | 02/15/32 | 1,615 | 1,371,488 | |
U.S. Treasury Notes(h)(k) | 2.875 | 05/15/32 | 2,035 | 1,869,338 | |
U.S. Treasury Notes(h)(k) | 3.875 | 12/31/27 | 1,025 | 1,009,305 | |
U.S. Treasury Notes(h)(k) | 4.375 | 10/31/24 | 3,400 | 3,361,617 | |
U.S. Treasury Strips Coupon(k) | 1.872(s) | 05/15/31 | 85 | 62,060 | |
U.S. Treasury Strips Coupon(k) | 1.888(s) | 08/15/29 | 345 | 269,033 | |
U.S. Treasury Strips Coupon(k) | 2.089(s) | 11/15/35 | 800 | 482,969 | |
U.S. Treasury Strips Coupon(k) | 2.251(s) | 08/15/40 | 800 | 385,781 | |
Total U.S. Treasury Obligations (cost $10,645,013) | 9,679,579 |
43
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks 0.2% | |||||
Spain 0.0% | |||||
Codere New Topco SA (original Cost $0; purchased 11/19/21)^(f) | 16,439 | $— | |||
United States 0.2% | |||||
Chesapeake Energy Corp. (original cost $299,612; purchased 02/04/21 - 02/09/21)(f) | 48,975 | 4,130,552 | |||
Ferrellgas Partners LP (Class B Stock) (original cost $749,975; purchased 10/20/14)(f) | 2,731 | 372,532 | |||
4,503,084 | |||||
Total Common Stocks (cost $734,484) | 4,503,084 | ||||
Preferred Stock 0.0% | |||||
United States | |||||
Citigroup Capital XIII, 12.001%(c), 3 Month LIBOR + 6.370%, Maturing 10/30/40 (cost $100,000) | 4,000 | 115,960 | |||
Total Long-Term Investments (cost $3,276,679,891) | 2,781,991,757 | ||||
Short-Term Investments 1.7% | |||||
Affiliated Mutual Funds 1.7% | |||||
PGIM Core Government Money Market Fund(wi) | 9,310,987 | 9,310,987 | |||
PGIM Institutional Money Market Fund (cost $38,517,515; includes $38,311,874 of cash collateral for securities on loan)(b)(wi) | 38,562,850 | 38,539,712 | |||
Total Affiliated Mutual Funds (cost $47,828,502) | 47,850,699 | ||||
Option Purchased*~ 0.0% | |||||
(cost $0) | 1,534 | ||||
Total Short-Term Investments (cost $47,828,502) | 47,852,233 | ||||
44
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Value | ||||
TOTAL INVESTMENTS, BEFORE OPTIONS WRITTEN 99.1% (cost $3,324,508,393) | $2,829,843,990 | ||||
Options Written*~ (0.0)% | |||||
(premiums received $8,781) | (72,791) | ||||
TOTAL INVESTMENTS, NET OF OPTIONS WRITTEN 99.1% (cost $3,324,499,612) | 2,829,771,199 | ||||
Other assets in excess of liabilities(z) 0.9% | 25,215,005 | ||||
Net Assets 100.0% | $2,854,986,204 |
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 | |
TWD—New Taiwanese Dollar | |
USD—US Dollar | |
ZAR—South African Rand |
144A—Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, pursuant to the requirements of Rule 144A, may not be resold except to qualified institutional buyers. | |
A—Annual payment frequency for swaps | |
AID—Agency for International Development | |
BARC—Barclays Bank PLC |
45
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
BBR—New Zealand Bank Bill Rate | |
BBSW—Australian Bank Bill Swap Reference Rate | |
BNP—BNP Paribas S.A. | |
BNYM—Bank of New York Mellon | |
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 | |
CME—Chicago Mercantile Exchange | |
CORRA—Canadian Overnight Repo Rate Average | |
DAC—Designated Activity Company | |
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 | |
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 | |
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 | |
SARON—Swiss Average Rate Overnight | |
SCB—Standard Chartered Bank | |
SOFR—Secured Overnight Financing Rate | |
SONIA—Sterling Overnight Index Average | |
SORA—Singapore Overnight Rate Average |
46
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
SSB—State Street Bank & Trust Company | |
T—Swap payment upon termination | |
TAIBOR—Taiwan Interbank Offered Rate | |
TD—The Toronto-Dominion Bank | |
TELBOR—Tel Aviv Interbank Offered Rate | |
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 $34,231,800 and 1.2% 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 $37,126,652; cash collateral of $38,311,874 (included in liabilities) was received with which the Fund purchased highly liquid short-term investments. In the event of significant appreciation in value of securities on loan on the last business day of the reporting period, the Fund may reflect a collateral value that is less than the market value of the loaned securities and such shortfall is remedied the following business day. |
(b) | Represents security, or portion thereof, purchased with cash collateral received for securities on loan and includes dividend reinvestment. |
(c) | Variable rate instrument. The interest rate shown reflects the rate in effect at July 31, 2023. |
(cc) | Variable rate instrument. The rate shown is based on the latest available information as of July 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 $20,855,910. The aggregate value of $16,946,678 is 0.6% 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. |
(wi) | PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Core Government Money Market Fund and PGIM Institutional Money Market Fund, if applicable. |
(z) | Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments: |
47
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Options Purchased:
OTC Swaptions | |||||||||||||||||
Description | Call/ Put | Counterparty | Expiration Date | Strike | Receive | Pay | Notional Amount (000)# | Value | |||||||||
5- Year Interest Rate Swap, 01/30/29 | Call | GSI | 01/26/24 | 2.85% | 2.85%(A) | 3 Month TELBOR(Q)/ 4.850% | ILS | 75,000 | $1,534 | ||||||||
(cost $0) |
Options Written:
OTC Swaptions | |||||||||||||||||
Description | Call/ Put | Counterparty | Expiration Date | Strike | Receive | Pay | Notional Amount (000)# | Value | |||||||||
5- Year Interest Rate Swap, 01/30/29 | Call | GSI | 01/26/24 | 2.35% | 3 Month TELBOR(Q)/ 4.850% | 2.35%(A) | ILS | 75,000 | $(103) | ||||||||
5- Year Interest Rate Swap, 01/30/29 | Put | GSI | 01/26/24 | 3.65% | 3.65%(A) | 3 Month TELBOR(Q)/ 4.850% | ILS | 75,000 | (72,202) | ||||||||
GS_21-PJA††^ | Put | GSI | 06/17/24 | 0.25% | 0.25%(M) | GS_21-PJA(M) | 69,580 | (486) | |||||||||
Total Options Written (premiums received $8,781) | $(72,791) |
†† | 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 July 31, 2023: | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Long Positions: | ||||||||
25 | 1 Day Interbank Deposit | Dec. 2028 | $55,654 | $(11,275) | ||||
64 | 3 Month CME SOFR | Dec. 2023 | 15,134,400 | 34,283 | ||||
64 | 3 Month CME SOFR | Mar. 2024 | 15,140,000 | 12,645 | ||||
64 | 3 Month CME SOFR | Jun. 2024 | 15,174,400 | (7,355) | ||||
64 | 3 Month CME SOFR | Sep. 2024 | 15,225,600 | (28,080) | ||||
64 | 3 Month CME SOFR | Dec. 2024 | 15,285,600 | (34,517) | ||||
64 | 3 Month CME SOFR | Mar. 2025 | 15,339,200 | (30,517) | ||||
1,446 | 20 Year U.S. Treasury Bonds | Sep. 2023 | 179,936,625 | (3,778,887) | ||||
5 | 30 Year Euro Buxl | Sep. 2023 | 739,854 | (26,502) | ||||
790 | 30 Year U.S. Ultra Treasury Bonds | Sep. 2023 | 104,452,813 | (2,415,460) | ||||
1,805 | Japanese Yen Currency | Sep. 2023 | 159,787,625 | (4,383,373) | ||||
(10,669,038) |
48
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Futures contracts outstanding at July 31, 2023 (continued): | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Short Positions: | ||||||||
1,246 | 2 Year U.S. Treasury Notes | Sep. 2023 | $252,976,937 | $3,980,688 | ||||
317 | 5 Year Euro-Bobl | Sep. 2023 | 40,392,474 | 488,919 | ||||
2,767 | 5 Year U.S. Treasury Notes | Sep. 2023 | 295,571,798 | 5,241,020 | ||||
893 | 10 Year Euro-Bund | Sep. 2023 | 130,586,515 | 2,140,922 | ||||
508 | 10 Year U.K. Gilt | Sep. 2023 | 62,671,165 | 565,039 | ||||
830 | 10 Year U.S. Treasury Notes | Sep. 2023 | 92,467,188 | 1,133,932 | ||||
321 | 10 Year U.S. Ultra Treasury Notes | Sep. 2023 | 37,551,986 | 934,306 | ||||
1,993 | British Pound Currency | Sep. 2023 | 159,950,706 | (4,729,822) | ||||
473 | Euro Currency | Sep. 2023 | 65,182,356 | (1,471,955) | ||||
2,675 | Euro Schatz Index | Sep. 2023 | 308,969,121 | 1,677,358 | ||||
9,960,407 | ||||||||
$(708,631) |
Forward foreign currency exchange contracts outstanding at July 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 10/19/23 | SSB | AUD | 55,440 | $37,756,237 | $37,340,077 | $— | $(416,160) | ||||||
Expiring 10/31/23 | JPM | AUD | 4,867 | 3,379,499 | 3,279,258 | — | (100,241) | ||||||
Brazilian Real, | |||||||||||||
Expiring 08/02/23 | GSI | BRL | 19,292 | 4,072,705 | 4,078,209 | 5,504 | — | ||||||
British Pound, | |||||||||||||
Expiring 10/19/23 | HSBC | GBP | 1,346 | 1,764,490 | 1,727,221 | — | (37,269) | ||||||
Canadian Dollar, | |||||||||||||
Expiring 10/19/23 | UAG | CAD | 47,606 | 35,995,612 | 36,140,685 | 145,073 | — | ||||||
Chilean Peso, | |||||||||||||
Expiring 09/20/23 | BNP | CLP | 1,149,859 | 1,404,528 | 1,363,073 | — | (41,455) | ||||||
Chinese Renminbi, | |||||||||||||
Expiring 08/23/23 | BNP | CNH | 757,389 | 108,587,817 | 106,205,828 | — | (2,381,989) | ||||||
Expiring 08/23/23 | CITI | CNH | 353,761 | 50,747,549 | 49,606,595 | — | (1,140,954) | ||||||
Expiring 08/23/23 | HSBC | CNH | 4,346 | 614,690 | 609,429 | — | (5,261) | ||||||
Expiring 08/23/23 | MSI | CNH | 17,540 | 2,478,689 | 2,459,531 | — | (19,158) | ||||||
Expiring 08/23/23 | SSB | CNH | 29,718 | 4,127,345 | 4,167,260 | 39,915 | — | ||||||
Czech Koruna, | |||||||||||||
Expiring 10/19/23 | BARC | CZK | 116,874 | 5,495,763 | 5,362,355 | — | (133,408) | ||||||
Danish Krone, | |||||||||||||
Expiring 10/19/23 | CITI | DKK | 24,899 | 3,760,585 | 3,691,380 | — | (69,205) |
49
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at July 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.): | |||||||||||||
Euro, | |||||||||||||
Expiring 10/19/23 | DB | EUR | 89 | $100,000 | $98,252 | $— | $(1,748) | ||||||
Expiring 10/19/23 | HSBC | EUR | 1,922 | 2,170,636 | 2,121,674 | — | (48,962) | ||||||
Expiring 10/19/23 | HSBC | EUR | 1,612 | 1,819,992 | 1,779,568 | — | (40,424) | ||||||
Expiring 10/19/23 | HSBC | EUR | 536 | 601,849 | 591,601 | — | (10,248) | ||||||
Expiring 10/19/23 | MSI | EUR | 1,181 | 1,328,171 | 1,303,278 | — | (24,893) | ||||||
Hungarian Forint, | |||||||||||||
Expiring 10/19/23 | CITI | HUF | 7,300,095 | 20,374,253 | 20,387,524 | 13,271 | — | ||||||
Indonesian Rupiah, | |||||||||||||
Expiring 09/20/23 | MSI | IDR | 91,542,091 | 6,155,125 | 6,057,483 | — | (97,642) | ||||||
Israeli Shekel, | |||||||||||||
Expiring 09/20/23 | CITI | ILS | 17,431 | 4,790,246 | 4,750,387 | — | (39,859) | ||||||
Japanese Yen, | |||||||||||||
Expiring 10/19/23 | BNYM | JPY | 15,314,022 | 112,501,772 | 108,999,714 | — | (3,502,058) | ||||||
Expiring 10/19/23 | BOA | JPY | 605,795 | 4,316,163 | 4,311,829 | — | (4,334) | ||||||
Expiring 10/31/23 | BARC | JPY | 525,393 | 5,512,000 | 3,746,640 | — | (1,765,360) | ||||||
Expiring 10/31/23 | BARC | JPY | 406,236 | 4,196,000 | 2,896,916 | — | (1,299,084) | ||||||
Expiring 10/31/23 | DB | JPY | 511,039 | 5,354,000 | 3,644,284 | — | (1,709,716) | ||||||
Expiring 10/31/23 | GSI | JPY | 1,254,996 | 12,881,000 | 8,949,528 | — | (3,931,472) | ||||||
Expiring 10/31/23 | MSI | JPY | 1,637,975 | 15,824,364 | 11,680,596 | — | (4,143,768) | ||||||
Malaysian Ringgit, | |||||||||||||
Expiring 09/20/23 | BARC | MYR | 52,331 | 11,398,650 | 11,647,490 | 248,840 | — | ||||||
Mexican Peso, | |||||||||||||
Expiring 09/20/23 | BARC | MXN | 70,393 | 3,963,588 | 4,164,448 | 200,860 | — | ||||||
New Zealand Dollar, | |||||||||||||
Expiring 10/19/23 | BARC | NZD | 15,546 | 9,794,581 | 9,656,328 | — | (138,253) | ||||||
Norwegian Krone, | |||||||||||||
Expiring 10/19/23 | BNYM | NOK | 93,920 | 9,310,019 | 9,287,592 | — | (22,427) | ||||||
Polish Zloty, | |||||||||||||
Expiring 10/19/23 | HSBC | PLN | 89,071 | 22,371,957 | 22,151,089 | — | (220,868) | ||||||
Romanian Leu, | |||||||||||||
Expiring 10/19/23 | BARC | RON | 13,561 | 3,033,799 | 3,015,979 | — | (17,820) | ||||||
Singapore Dollar, | |||||||||||||
Expiring 09/20/23 | JPM | SGD | 7,299 | 5,478,882 | 5,502,530 | 23,648 | — | ||||||
South Korean Won, | |||||||||||||
Expiring 09/20/23 | CITI | KRW | 50,987,530 | 40,097,776 | 40,021,295 | — | (76,481) | ||||||
Swiss Franc, | |||||||||||||
Expiring 10/19/23 | SSB | CHF | 2,029 | 2,362,430 | 2,346,822 | — | (15,608) | ||||||
Thai Baht, | |||||||||||||
Expiring 09/20/23 | JPM | THB | 326,660 | 9,461,277 | 9,590,254 | 128,977 | — | ||||||
$575,384,039 | $554,734,002 | 806,088 | (21,456,125) |
50
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at July 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: | |||||||||||||
Australian Dollar, | |||||||||||||
Expiring 10/19/23 | SCB | AUD | 1,121 | $763,147 | $754,884 | $8,263 | $— | ||||||
Expiring 10/31/23 | HSBC | AUD | 6,659 | 4,464,481 | 4,486,997 | — | (22,516) | ||||||
Brazilian Real, | |||||||||||||
Expiring 08/02/23 | CITI | BRL | 19,292 | 3,996,562 | 4,078,209 | — | (81,647) | ||||||
Expiring 09/05/23 | GSI | BRL | 19,292 | 4,048,434 | 4,052,658 | — | (4,224) | ||||||
British Pound, | |||||||||||||
Expiring 10/19/23 | DB | GBP | 36,001 | 46,761,764 | 46,212,438 | 549,326 | — | ||||||
Chinese Renminbi, | |||||||||||||
Expiring 08/23/23 | SSB | CNH | 16,442 | 2,310,558 | 2,305,651 | 4,907 | — | ||||||
Danish Krone, | |||||||||||||
Expiring 10/19/23 | UAG | DKK | 9,733 | 1,450,825 | 1,442,991 | 7,834 | — | ||||||
Euro, | |||||||||||||
Expiring 10/19/23 | BARC | EUR | 47,795 | 53,880,377 | 52,755,976 | 1,124,401 | — | ||||||
Expiring 10/19/23 | BOA | EUR | 6,650 | 7,359,896 | 7,340,459 | 19,437 | — | ||||||
Expiring 10/19/23 | DB | EUR | 7,833 | 8,693,437 | 8,646,293 | 47,144 | — | ||||||
Expiring 10/19/23 | MSI | EUR | 70,361 | 77,512,722 | 77,664,733 | — | (152,011) | ||||||
Expiring 10/19/23 | SSB | EUR | 77,618 | 86,421,626 | 85,674,819 | 746,807 | — | ||||||
Japanese Yen, | |||||||||||||
Expiring 10/19/23 | CITI | JPY | 435,576 | 3,132,457 | 3,100,275 | 32,182 | — | ||||||
Expiring 10/31/23 | CITI | JPY | 628,883 | 6,526,054 | 4,484,642 | 2,041,412 | — | ||||||
Expiring 10/31/23 | CITI | JPY | 115,153 | 1,102,894 | 821,171 | 281,723 | — | ||||||
Expiring 10/31/23 | GSI | JPY | 1,532,531 | 13,803,651 | 10,928,665 | 2,874,986 | — | ||||||
Expiring 10/31/23 | HSBC | JPY | 616,962 | 4,791,665 | 4,399,630 | 392,035 | — | ||||||
Expiring 10/31/23 | MSI | JPY | 2,309,705 | 20,805,025 | 16,470,788 | 4,334,237 | — | ||||||
Expiring 10/31/23 | MSI | JPY | 362,972 | 2,824,708 | 2,588,397 | 236,311 | — | ||||||
Expiring 10/31/23 | SCB | JPY | 298,534 | 2,312,180 | 2,128,885 | 183,295 | — | ||||||
New Zealand Dollar, | |||||||||||||
Expiring 10/19/23 | MSI | NZD | 1,982 | 1,233,957 | 1,231,399 | 2,558 | — | ||||||
Norwegian Krone, | |||||||||||||
Expiring 10/19/23 | SCB | NOK | 6,734 | 670,629 | 665,938 | 4,691 | — | ||||||
Peruvian Nuevo Sol, | |||||||||||||
Expiring 09/20/23 | DB | PEN | 25,265 | 6,862,253 | 6,984,102 | — | (121,849) | ||||||
Polish Zloty, | |||||||||||||
Expiring 10/19/23 | BNP | PLN | 2,149 | 533,316 | 534,346 | — | (1,030) | ||||||
Romanian Leu, | |||||||||||||
Expiring 10/19/23 | UAG | RON | 2,373 | 531,201 | 527,776 | 3,425 | — | ||||||
South African Rand, | |||||||||||||
Expiring 09/20/23 | DB | ZAR | 10,687 | 605,455 | 594,746 | 10,709 | — | ||||||
Expiring 09/20/23 | TD | ZAR | 45,566 | 2,283,090 | 2,535,916 | — | (252,826) | ||||||
South Korean Won, | |||||||||||||
Expiring 09/20/23 | CITI | KRW | 1,803,832 | 1,417,416 | 1,415,870 | 1,546 | — |
51
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at July 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.): | |||||||||||||
Swedish Krona, | |||||||||||||
Expiring 10/19/23 | HSBC | SEK | 38,328 | $3,710,191 | $3,654,767 | $55,424 | $— | ||||||
Swiss Franc, | |||||||||||||
Expiring 10/19/23 | SCB | CHF | 463 | 540,547 | 535,526 | 5,021 | — | ||||||
Thai Baht, | |||||||||||||
Expiring 09/20/23 | BNP | THB | 33,371 | 975,549 | 979,720 | — | (4,171) | ||||||
$372,326,067 | $359,998,667 | 12,967,674 | (640,274) | ||||||||||
$13,773,762 | $(22,096,399) |
Cross currency exchange contracts outstanding at July 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 | $1,753,513 | $— | DB | ||||||
10/31/23 | Buy | JPY | 277,535 | AUD | 3,979 | — | (701,809) | GSI | ||||||
10/31/23 | Buy | JPY | 671,731 | AUD | 9,835 | — | (1,836,376) | MSI | ||||||
$1,753,513 | $(2,538,185) |
Credit default swap agreements outstanding at July 31, 2023:
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at July 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)**: | |||||||||||||||||
Arab Republic of Egypt | 06/20/28 | 1.000%(Q) | 2,000 | 13.208% | $(735,649) | $(1,320) | $(734,329) | MSI | |||||||||
Dominican Republic | 06/20/28 | 1.000%(Q) | 2,000 | 2.245% | (102,854) | (1,320) | (101,534) | MSI | |||||||||
Emirate of Abu Dhabi | 06/20/28 | 1.000%(Q) | 2,000 | 0.340% | 60,575 | (1,320) | 61,895 | MSI | |||||||||
Federation of Malaysia | 06/20/28 | 1.000%(Q) | 3,000 | 0.421% | 79,828 | (1,980) | 81,808 | MSI | |||||||||
Federative Republic of Brazil | 06/20/28 | 1.000%(Q) | 10,000 | 1.632% | (260,401) | (6,600) | (253,801) | MSI |
52
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2023 (continued):
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at July 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)**(cont’d.): | |||||||||||||||||
Kingdom of Bahrain | 06/20/28 | 1.000%(Q) | 2,000 | 2.271% | $(104,155) | $(1,320) | $(102,835) | MSI | |||||||||
Kingdom of Saudi Arabia | 06/20/28 | 1.000%(Q) | 4,000 | 0.493% | 93,795 | (2,640) | 96,435 | MSI | |||||||||
People’s Republic of China | 06/20/28 | 1.000%(Q) | 10,000 | 0.535% | 215,094 | (6,600) | 221,694 | MSI | |||||||||
Republic of Argentina | 06/20/28 | 1.000%(Q) | 2,000 | 37.993% | (1,398,312) | (1,320) | (1,396,992) | MSI | |||||||||
Republic of Chile | 06/20/28 | 1.000%(Q) | 5,000 | 0.629% | 87,264 | (3,300) | 90,564 | MSI | |||||||||
Republic of Colombia | 06/20/28 | 1.000%(Q) | 7,000 | 1.982% | (284,826) | (4,620) | (280,206) | MSI | |||||||||
Republic of Indonesia | 06/20/28 | 1.000%(Q) | 9,000 | 0.739% | 112,752 | (5,940) | 118,692 | MSI | |||||||||
Republic of Panama | 06/20/28 | 1.000%(Q) | 2,000 | 0.918% | 9,493 | (1,320) | 10,813 | MSI | |||||||||
Republic of Peru | 06/20/28 | 1.000%(Q) | 3,000 | 0.722% | 40,037 | (1,980) | 42,017 | MSI | |||||||||
Republic of Philippines | 06/20/28 | 1.000%(Q) | 3,000 | 0.677% | 45,807 | (1,980) | 47,787 | MSI | |||||||||
Republic of South Africa | 06/20/28 | 1.000%(Q) | 10,000 | 2.277% | (527,145) | (6,600) | (520,545) | MSI | |||||||||
Republic of Turkey | 06/20/28 | 1.000%(Q) | 10,000 | 3.724% | (1,086,167) | (6,600) | (1,079,567) | MSI | |||||||||
State of Qatar | 06/20/28 | 1.000%(Q) | 2,000 | 0.347% | 59,935 | (1,320) | 61,255 | MSI | |||||||||
Sultanate of Oman | 06/20/28 | 1.000%(Q) | 2,000 | 1.189% | (14,038) | (1,320) | (12,718) | MSI | |||||||||
United Mexican States | 06/20/28 | 1.000%(Q) | 10,000 | 0.997% | 13,118 | (6,600) | 19,718 | MSI | |||||||||
$(3,695,849) | $(66,000) | $(3,629,849) |
53
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Credit default swap agreements outstanding at July 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.39.V1 | 06/20/28 | 1.000%(Q) | 100,000 | $3,702,084 | $(33,001) | $3,735,085 | MSI |
** | 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 July 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†† | 08/14/23 | 0.500%(M) | 39,906 | * | $27,115 | $(1,067) | $28,182 | 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 | $(6,044) | $53,679 | $(59,723) | DB | ||||||||
Gazprom PAO | 12/20/23 | 1.000%(Q) | 1,410 | 187,839 | 106,072 | 81,767 | CITI | |||||||||
Gazprom PAO | 06/20/24 | 1.000%(Q) | 723 | 147,727 | 128,553 | 19,174 | HSBC | |||||||||
Gazprom PAO | 06/20/25 | 1.000%(Q) | EUR | 2,000 | 542,409 | 9,643 | 532,766 | BARC | ||||||||
Gazprom PAO | 12/20/25 | 1.000%(Q) | 2,000 | 507,856 | 641,648 | (133,792) | GSI | |||||||||
Gazprom PAO | 06/20/26 | 1.000%(Q) | 4,400 | 1,161,228 | 1,779,130 | (617,902) | HSBC | |||||||||
Gazprom PAO | 06/20/27 | 1.000%(Q) | 8,650 | 2,455,098 | 3,817,838 | (1,362,740) | HSBC | |||||||||
Gazprom PAO | 06/20/27 | 1.000%(Q) | 1,000 | 283,826 | 308,159 | (24,333) | HSBC | |||||||||
Gazprom PAO | 06/20/27 | 1.000%(Q) | 600 | 170,296 | 307,183 | (136,887) | JPM | |||||||||
Gazprom PAO | 12/20/27 | 1.000%(Q) | 3,300 | 966,072 | 1,417,184 | (451,112) | JPM | |||||||||
Kingdom of Morocco | 12/20/27 | 1.000%(Q) | 4,305 | 32,894 | 101,674 | (68,780) | BNP | |||||||||
Republic of Italy | 12/20/27 | 1.000%(Q) | EUR | 4,935 | (105,414) | (164,111) | 58,697 | BARC |
54
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Credit default swap agreements outstanding at July 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 Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)(cont’d.): | ||||||||||||||||
Republic of South Africa | 06/20/26 | 1.000%(Q) | 1,000 | $12,702 | $22,935 | $(10,233) | GSI | |||||||||
Swiss Confederation | 12/20/27 | 0.250%(Q) | 5,000 | (32,975) | — | (32,975) | BARC | |||||||||
$6,323,514 | $8,529,587 | $(2,206,073) |
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at July 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 | 0.504% | $47,381 | $28,341 | $19,040 | BOA | |||||||||
Australian Government Bond | 12/20/27 | 1.000%(Q) | 5,000 | 0.212% | 163,515 | 148,494 | 15,021 | DB | |||||||||
Barclays PLC | 12/20/26 | 1.000%(Q) | EUR | 3,000 | 0.872% | 17,257 | 21,338 | (4,081) | CITI | ||||||||
DP World PLC | 12/20/24 | 1.000%(Q) | 2,000 | 1.004% | 2,217 | 2,610 | (393) | BARC | |||||||||
Emirate of Abu Dhabi | 06/20/24 | 1.000%(Q) | 3,480 | 0.078% | 32,109 | 26,727 | 5,382 | BNP | |||||||||
Emirate of Dubai | 12/20/24 | 1.000%(Q) | 1,000 | 0.260% | 11,149 | 1,049 | 10,100 | CITI | |||||||||
Eskom Holdings SOC Ltd. | 12/20/23 | 1.000%(Q) | 3,000 | 0.764% | 6,231 | (44,806) | 51,037 | DB | |||||||||
Gazprom PAO | 12/20/26 | 1.000%(Q) | 8,600 | 13.575% | (2,357,638) | (3,668,870) | 1,311,232 | HSBC | |||||||||
Generalitat de Cataluna | 12/20/25 | 1.000%(Q) | 4,900 | * | 73,849 | (22,347) | 96,196 | DB | |||||||||
Halliburton Co. | 12/20/26 | 1.000%(Q) | 4,240 | 0.443% | 78,913 | 27,551 | 51,362 | GSI | |||||||||
Hellenic Republic | 06/20/24 | 1.000%(Q) | 1,000 | 0.163% | 8,480 | (36,135) | 44,615 | BARC | |||||||||
Hellenic Republic | 06/20/29 | 1.000%(Q) | 5,400 | 0.894% | 35,567 | (43,073) | 78,640 | BARC | |||||||||
Hellenic Republic | 12/20/29 | 1.000%(Q) | EUR | 5,000 | 0.766% | 79,662 | 13,672 | 65,990 | CITI | ||||||||
Hellenic Republic | 12/20/31 | 1.000%(Q) | 6,000 | 1.156% | (56,761) | (149,812) | 93,051 | CITI |
55
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2023 (continued):
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at July 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.): | |||||||||||||||||
International Bank for Reconstruction & Development | 03/20/24 | 0.250%(Q) | 34,770 | 0.277% | $4,267 | $21,851 | $(17,584) | BOA | |||||||||
Israel Electric Corp. Ltd. | 12/20/24 | 1.000%(Q) | 1,000 | 1.107% | (264) | 3,571 | (3,835) | BARC | |||||||||
Japan Govt. | 06/20/28 | 1.000%(Q) | 15,000 | 0.172% | 567,118 | 511,879 | 55,239 | CITI | |||||||||
Kingdom of Spain | 06/20/24 | 1.000%(Q) | 700 | 0.099% | 6,334 | (4,244) | 10,578 | MSI | |||||||||
Kingdom of Spain | 06/20/25 | 1.000%(Q) | 9,940 | 0.199% | 155,702 | (36,113) | 191,815 | BOA | |||||||||
Kingdom of Spain | 06/20/25 | 1.000%(Q) | 7,500 | 0.199% | 117,482 | (33,733) | 151,215 | JPM | |||||||||
Kingdom of Spain | 06/20/25 | 1.000%(Q) | 1,645 | 0.199% | 25,767 | 8,141 | 17,626 | BARC | |||||||||
People’s Republic of China | 12/20/24 | 1.000%(Q) | 1,000 | 0.249% | 11,281 | 5,874 | 5,407 | CITI | |||||||||
Republic of Colombia | 12/20/26 | 1.000%(Q) | 1,000 | 1.344% | (9,496) | (39,551) | 30,055 | CITI | |||||||||
Republic of Estonia | 12/20/26 | 1.000%(Q) | 3,150 | 0.658% | 37,355 | 20,225 | 17,130 | JPM | |||||||||
Republic of Finland | 06/20/27 | 0.250%(Q) | 2,000 | 0.149% | 7,795 | 6,565 | 1,230 | BOA | |||||||||
Republic of Ireland | 12/20/26 | 1.000%(Q) | 2,000 | 0.171% | 54,574 | 2,210 | 52,364 | GSI | |||||||||
Republic of Ireland | 06/20/27 | 1.000%(Q) | 2,800 | 0.191% | 84,349 | 33,127 | 51,222 | MSI | |||||||||
Republic of Italy | 06/20/24 | 1.000%(Q) | 6,000 | 0.165% | 50,783 | (55,339) | 106,122 | BOA | |||||||||
Republic of Italy | 06/20/24 | 1.000%(Q) | 900 | 0.067% | 8,398 | (8,499) | 16,897 | DB | |||||||||
Republic of Italy | 06/20/26 | 1.000%(Q) | 4,200 | 0.499% | 61,664 | (94,821) | 156,485 | BOA | |||||||||
Republic of Italy | 06/20/30 | 1.000%(Q) | 1,200 | 1.144% | (8,594) | (23,783) | 15,189 | BARC | |||||||||
Republic of Panama | 12/20/26 | 1.000%(Q) | 4,200 | 0.631% | 53,394 | 8,197 | 45,197 | CITI | |||||||||
Republic of Poland | 06/20/24 | 1.000%(Q) | 6,615 | 0.198% | 54,080 | 4,565 | 49,515 | BNP | |||||||||
Republic of Serbia | 12/20/25 | 5.000%(Q) | 4,500 | 1.403% | 388,374 | 422,459 | (34,085) | CITI | |||||||||
Republic of Serbia | 12/20/25 | 1.000%(Q) | 1,000 | 1.403% | (7,854) | (696) | (7,158) | BNP |
56
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Credit default swap agreements outstanding at July 31, 2023 (continued):
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at July 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 Slovenia | 06/20/24 | 1.000%(Q) | 900 | 0.090% | $8,216 | $(11,653) | $19,869 | HSBC | |||||||||
Republic of South Africa | 12/20/23 | 1.000%(Q) | 3,000 | 0.314% | 11,466 | (13,256) | 24,722 | BOA | |||||||||
Republic of South Africa | 06/20/31 | 1.000%(Q) | 3,000 | 3.052% | (370,342) | (300,816) | (69,526) | MSI | |||||||||
State of Illinois | 12/20/24 | 1.000%(Q) | 2,800 | * | 609 | (46,748) | 47,357 | GSI | |||||||||
State of Illinois | 06/20/28 | 1.000%(Q) | 1,000 | * | (24,934) | (60,762) | 35,828 | CITI | |||||||||
State of Qatar | 12/20/26 | 1.000%(Q) | 4,000 | 0.257% | 98,283 | 74,873 | 23,410 | CITI | |||||||||
UBS Group AG | 12/20/24 | 1.000%(Q) | EUR | 8,600 | 0.758% | 42,207 | 47,083 | (4,876) | BOA | ||||||||
United Kingdom of Great Britain and Northern Ireland | 12/20/27 | 1.000%(Q) | 1,000 | 0.257% | 30,876 | 19,553 | 11,323 | DB | |||||||||
United Mexican States | 12/20/26 | 1.000%(Q) | 4,000 | 0.638% | 50,052 | 3,205 | 46,847 | GSI | |||||||||
Verizon Communications, Inc. | 06/20/26 | 1.000%(Q) | 9,960 | 0.786% | 68,749 | 120,676 | (51,927) | GSI | |||||||||
$(280,378) | $(3,111,221) | $2,830,843 |
The Fund entered into credit default swaps (“CDS”) to provide a measure of protection against defaults or to take an active long or short position with respect to the likelihood of a particular issuer’s default or the reference entity’s credit soundness. CDS contracts generally trade based on a spread which represents the cost a protection buyer has to pay the protection seller. The protection buyer is said to be short the credit as the value of the contract rises the more the credit deteriorates. The value of the CDS contract increases for the protection buyer if the spread increases.
(1) | If the Fund is a buyer of protection, it pays the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and make delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
(2) | If the Fund is a seller of protection, it receives the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced |
57
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | |
(3) | Notional amount represents the maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
(4) | Implied credit spreads, represented in absolute terms, utilized in determining the fair value of credit default swap agreements where the Fund is the seller of protection as of the reporting date serve as an indicator of the current status of the payment/ performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include up-front payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement. |
* | When an implied credit spread is not available, reference the fair value of credit default swap agreements on credit indices and asset-backed securities. Where the Fund is the seller of protection, it serves as an indicator of the current status of the payment/performance risk and represents the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the reporting date. Increasing fair value in absolute terms, when compared to the notional amount of the swap, represents a deterioration of the referenced entity’s credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement. |
Currency swap agreements outstanding at July 31, 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)/ 5.310% | SCB | 01/10/27 | $(163,543) | $— | $(163,543) | |||||||||
IDR | 50,000,000 | 8.220%(S) | 3,454 | 6 Month LIBOR(S)/ 5.861% | CITI | 11/29/23 | (109,843) | — | (109,843) | |||||||||
PEN | 32,632 | 3.420%(S) | 8,000 | 6 Month LIBOR(S)/ 5.861% | MSI | 08/12/24 | 681,650 | — | 681,650 | |||||||||
$408,264 | $— | $408,264 |
58
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2023:
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at July 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)/ 4.665% | $(816,272) | $(1,088,933) | $(272,661) | |||||||
AUD | 10,000 | 07/10/33 | 2.987%(S) | 6 Month BBSW(2)(S)/ 4.665% | 109,350 | (797,004) | (906,354) | |||||||
AUD | 10,000 | 03/26/36 | 2.101%(S) | 6 Month BBSW(2)(S)/ 4.665% | — | (1,610,447) | (1,610,447) | |||||||
CAD | 51,805 | 04/03/25 | 0.970%(S) | 3 Month CDOR(2)(S)/ 5.500% | 56,646 | (3,271,577) | (3,328,223) | |||||||
CAD | 4,800 | 12/03/32 | 3.450%(S) | 1 Day CORRA(2)(S)/ 5.000% | 142,941 | (79,541) | (222,482) | |||||||
CAD | 12,150 | 12/03/48 | 2.800%(S) | 3 Month CDOR(2)(S)/ 5.500% | (217,008) | (1,672,647) | (1,455,639) | |||||||
CAD | 3,000 | 12/03/53 | 3.300%(S) | 1 Day CORRA(2)(S)/ 5.000% | (55,585) | (59,547) | (3,962) | |||||||
CHF | 14,500 | 01/31/29 | 0.260%(A) | 1 Day SARON(2)(S)/ 1.702% | (53,642) | (1,381,587) | (1,327,945) | |||||||
CHF | 800 | 10/17/31 | 0.033%(A) | 1 Day SARON(2)(S)/ 1.702% | (666) | (132,137) | (131,471) | |||||||
CHF | 4,000 | 11/05/31 | 0.125%(A) | 1 Day SARON(2)(A)/ 1.702% | — | (619,721) | (619,721) | |||||||
CHF | 700 | 04/03/33 | 0.687%(A) | 1 Day SARON(2)(S)/ 1.702% | (3,737) | (87,227) | (83,490) | |||||||
CLP | 634,000 | 02/11/30 | 3.085%(S) | 1 Day CLOIS(2)(S)/ 10.250% | — | (112,064) | (112,064) | |||||||
CLP | 800,000 | 07/13/30 | 2.030%(S) | 1 Day CLOIS(2)(S)/ 10.250% | — | (172,982) | (172,982) | |||||||
CLP | 7,540,000 | 02/06/33 | 5.200%(S) | 1 Day CLOIS(1)(S)/ 10.250% | — | 174,723 | 174,723 |
59
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2023 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at July 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
CLP | 3,100,000 | 02/23/33 | 5.570%(S) | 1 Day CLOIS(1)(S)/ 10.250% | $— | $(49,921) | $(49,921) | |||||||
CLP | 818,000 | 02/27/33 | 5.550%(S) | 1 Day CLOIS(1)(S)/ 10.250% | — | (12,263) | (12,263) | |||||||
CLP | 5,294,000 | 03/16/33 | 5.295%(S) | 1 Day CLOIS(1)(S)/ 10.250% | — | 32,274 | 32,274 | |||||||
CNH | 78,000 | 09/03/24 | 2.860%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.970% | (20) | 114,013 | 114,033 | |||||||
CNH | 76,000 | 10/09/24 | 2.860%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.970% | (6) | 109,461 | 109,467 | |||||||
CNH | 98,660 | 11/01/24 | 3.120%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.970% | (80) | 221,642 | 221,722 | |||||||
CNH | 92,700 | 02/04/25 | 2.600%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.970% | — | 122,361 | 122,361 | |||||||
CNH | 330,000 | 02/05/25 | 2.600%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.970% | (35) | 435,158 | 435,193 | |||||||
CNH | 18,100 | 03/10/25 | 2.300%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.970% | (8) | 10,172 | 10,180 | |||||||
CNH | 25,000 | 03/12/25 | 2.400%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.970% | (1) | 19,364 | 19,365 | |||||||
CNH | 149,980 | 05/08/25 | 1.860%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.970% | (196) | (91,488) | (91,292) |
60
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2023 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at July 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
CNH | 80,785 | 06/01/25 | 1.973%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.970% | $19 | $(26,951) | $(26,970) | |||||||
CNH | 118,700 | 07/02/25 | 2.330%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.970% | (32) | 71,751 | 71,783 | |||||||
CNH | 161,860 | 07/13/25 | 2.653%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.970% | (82) | 241,598 | 241,680 | |||||||
CNH | 48,542 | 08/06/25 | 2.555%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.970% | (33) | 65,895 | 65,928 | |||||||
CNH | 129,600 | 09/01/25 | 2.735%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.970% | (70) | 245,681 | 245,751 | |||||||
CNH | 225,740 | 11/02/25 | 2.588%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.970% | 295 | 345,130 | 344,835 | |||||||
CNH | 200,000 | 12/09/25 | 2.855%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.970% | — | 471,684 | 471,684 | |||||||
CNH | 192,490 | 01/05/26 | 2.660%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.970% | (263) | 321,615 | 321,878 | |||||||
CNH | 40,000 | 03/03/26 | 2.840%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.970% | (63) | 96,761 | 96,824 | |||||||
CNH | 50,000 | 03/23/26 | 2.875%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.970% | — | 126,211 | 126,211 |
61
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2023 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at July 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
CNH | 345,920 | 04/12/26 | 2.810%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.970% | $(682) | $777,376 | $778,058 | |||||||
CNH | 6,300 | 12/22/26 | 2.460%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.970% | — | 4,678 | 4,678 | |||||||
CNH | 36,780 | 05/11/28 | 2.600%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.970% | 43,331 | 38,878 | (4,453) | |||||||
CZK | 875,720 | 01/28/24 | 1.938%(A) | 6 Month PRIBOR(2)(S)/ 7.100% | — | (659,434) | (659,434) | |||||||
DKK | 13,600 | 05/04/25 | 0.825%(A) | 6 Month CIBOR(2)(S)/ 4.010% | 8 | (116,766) | (116,774) | |||||||
DKK | 5,000 | 08/29/26 | 0.580%(A) | 6 Month CIBOR(2)(S)/ 4.010% | 12 | (71,205) | (71,217) | |||||||
DKK | 1,300 | 10/21/26 | 0.673%(A) | 6 Month CIBOR(2)(S)/ 4.010% | 8 | (17,684) | (17,692) | |||||||
DKK | 13,000 | 03/15/27 | 1.123%(A) | 6 Month CIBOR(2)(S)/ 4.010% | — | (170,122) | (170,122) | |||||||
DKK | 1,865 | 06/22/27 | 0.987%(A) | 6 Month CIBOR(2)(S)/ 4.010% | — | (25,530) | (25,530) | |||||||
EUR | 447,550 | 11/23/24 | (0.046)%(A) | 6 Month EURIBOR(2)(S)/ 3.929% | — | (18,668,767) | (18,668,767) | |||||||
EUR | 27,230 | 08/15/30 | (0.191)%(A) | 1 Day EuroSTR(2)(A)/ 3.392% | (10,534) | (6,461,197) | (6,450,663) | |||||||
EUR | 6,400 | 02/23/32 | 1.180%(A) | 6 Month EURIBOR(2)(S)/ 3.929% | 139 | (1,055,376) | (1,055,515) | |||||||
EUR | 4,680 | 03/29/32 | 1.170%(A) | 6 Month EURIBOR(2)(S)/ 3.929% | 1,292 | (769,148) | (770,440) |
62
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2023 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at July 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
EUR | 4,150 | 05/11/32 | 1.100%(A) | 6 Month EURIBOR(2)(S)/ 3.929% | $(71,364) | $(708,131) | $(636,767) | |||||||
EUR | 7,000 | 06/28/32 | 0.785%(A) | 6 Month EURIBOR(2)(S)/ 3.929% | (46,800) | (1,380,747) | (1,333,947) | |||||||
EUR | 3,050 | 10/30/32 | 1.302%(A) | 6 Month EURIBOR(2)(S)/ 3.929% | — | (469,329) | (469,329) | |||||||
EUR | 19,945 | 03/20/33 | 2.996%(A) | 6 Month EURIBOR(2)(S)/ 3.929% | — | (112,269) | (112,269) | |||||||
EUR | 14,225 | 05/11/33 | 1.000%(A) | 6 Month EURIBOR(2)(S)/ 3.929% | (291,824) | (2,790,562) | (2,498,738) | |||||||
EUR | 14,280 | 03/20/38 | 2.982%(A) | 6 Month EURIBOR(1)(S)/ 3.929% | — | 152,252 | 152,252 | |||||||
EUR | 365 | 05/11/39 | 1.100%(A) | 1 Day EuroSTR(2)(A)/ 3.392% | (2,859) | (94,154) | (91,295) | |||||||
EUR | 12,485 | 11/24/41 | 0.565%(A) | 6 Month EURIBOR(1)(S)/ 3.929% | — | 2,177,515 | 2,177,515 | |||||||
EUR | 12,485 | 11/24/41 | 0.600%(A) | 3 Month EURIBOR(2)(Q)/ 3.715% | — | (2,276,345) | (2,276,345) | |||||||
EUR | 30,272 | 11/25/41 | 0.629%(A) | 6 Month EURIBOR(1)(S)/ 3.929% | — | 5,134,498 | 5,134,498 | |||||||
EUR | 30,272 | 11/25/41 | 0.663%(A) | 3 Month EURIBOR(2)(Q)/ 3.715% | — | (5,377,477) | (5,377,477) | |||||||
EUR | 8,450 | 02/17/42 | 0.536%(A) | 6 Month EURIBOR(2)(S)/ 3.929% | — | (3,337,901) | (3,337,901) | |||||||
EUR | 17,040 | 03/22/42 | 1.257%(A) | 6 Month EURIBOR(1)(S)/ 3.929% | — | 2,056,529 | 2,056,529 | |||||||
EUR | 17,040 | 03/22/42 | 1.310%(A) | 3 Month EURIBOR(2)(Q)/ 3.715% | — | (2,174,383) | (2,174,383) |
63
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2023 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at July 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
EUR | 1,235 | 07/04/42 | 1.001%(A) | 6 Month EURIBOR(2)(S)/ 3.929% | $(117,564) | $(389,443) | $(271,879) | |||||||
EUR | 15,130 | 02/24/43 | 2.910%(A) | 6 Month EURIBOR(1)(S)/ 3.929% | 12,548 | 163,194 | 150,646 | |||||||
EUR | 15,130 | 02/24/43 | 2.960%(A) | 3 Month EURIBOR(2)(Q)/ 3.715% | (7,752) | (44,942) | (37,190) | |||||||
EUR | 14,270 | 03/09/46 | 0.425%(A) | 6 Month EURIBOR(2)(S)/ 3.929% | — | (6,491,203) | (6,491,203) | |||||||
EUR | 2,000 | 05/11/49 | 1.450%(A) | 6 Month EURIBOR(2)(S)/ 3.929% | 171,265 | (540,514) | (711,779) | |||||||
GBP | 86,340 | 05/08/27 | 1.050%(A) | 1 Day SONIA(1)(A)/ 4.930% | 5,485,601 | 15,837,308 | 10,351,707 | |||||||
GBP | 8,000 | 05/08/29 | 1.100%(A) | 1 Day SONIA(1)(A)/ 4.930% | 823,701 | 1,885,134 | 1,061,433 | |||||||
GBP | 6,355 | 05/08/32 | 1.150%(A) | 1 Day SONIA(2)(A)/ 4.930% | (946,524) | (1,904,284) | (957,760) | |||||||
GBP | 4,905 | 05/08/33 | 1.150%(A) | 1 Day SONIA(2)(A)/ 4.930% | (1,519,836) | (1,571,072) | (51,236) | |||||||
GBP | 7,500 | 05/08/37 | 1.200%(A) | 1 Day SONIA(2)(A)/ 4.930% | (2,392,079) | (2,956,843) | (564,764) | |||||||
GBP | 15,305 | 05/08/42 | 1.250%(A) | 1 Day SONIA(2)(A)/ 4.930% | 84,350 | (7,166,753) | (7,251,103) | |||||||
GBP | 13,725 | 05/08/46 | 1.250%(A) | 1 Day SONIA(2)(A)/ 4.930% | 2,386,275 | (7,138,172) | (9,524,447) | |||||||
GBP | 3,440 | 05/08/49 | 1.250%(A) | 1 Day SONIA(2)(A)/ 4.930% | 665,750 | (1,899,860) | (2,565,610) | |||||||
GBP | 3,540 | 09/03/50 | 0.328%(A) | 1 Day SONIA(2)(A)/ 4.930% | (33) | (2,777,995) | (2,777,962) |
64
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2023 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at July 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
GBP | 1,800 | 05/08/52 | 1.250%(A) | 1 Day SONIA(2)(A)/ 4.930% | $(232,965) | $(1,044,509) | $(811,544) | |||||||
HUF | 500,000 | 03/31/31 | 2.460%(A) | 6 Month BUBOR(2)(S)/ 13.810% | — | (451,500) | (451,500) | |||||||
ILS | 40,440 | 04/16/28 | 0.928%(A) | 3 Month TELBOR(2)(Q)/ 4.850% | (380) | (1,287,678) | (1,287,298) | |||||||
JPY | 3,276,010 | 12/20/24 | 0.126%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (7,301) | 13,963 | 21,264 | |||||||
JPY | 950,000 | 01/15/25 | 0.000%(S) | 1 Day TONAR(2)(S)/ (0.061)% | 494 | (9,967) | (10,461) | |||||||
JPY | 9,000,000 | 03/02/26 | 0.029%(S) | 1 Day TONAR(2)(S)/ (0.061)% | 13 | (335,531) | (335,544) | |||||||
JPY | 5,000,000 | 06/02/26 | 0.009%(S) | 1 Day TONAR(2)(S)/ (0.061)% | 31 | (251,185) | (251,216) | |||||||
JPY | 2,000,000 | 01/04/27 | (0.033)%(S) | 1 Day TONAR(2)(S)/ (0.061)% | 3,059 | (168,003) | (171,062) | |||||||
JPY | 2,100,000 | 05/06/27 | 0.020%(S) | 1 Day TONAR(2)(S)/ (0.061)% | 46 | (179,729) | (179,775) | |||||||
JPY | 7,080,000 | 07/08/28 | (0.050)%(A) | 1 Day TONAR(1)(A)/ (0.061)% | 1,970,701 | 1,083,180 | (887,521) | |||||||
JPY | 3,674,000 | 07/31/28 | 0.268%(A) | 1 Day TONAR(2)(A)/ (0.061)% | — | (168,099) | (168,099) | |||||||
JPY | 1,800,000 | 11/12/28 | 0.011%(S) | 1 Day TONAR(2)(S)/ (0.061)% | 62 | (313,877) | (313,939) | |||||||
JPY | 135,000 | 02/20/29 | 1.260%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (3,513) | 44,481 | 47,994 | |||||||
JPY | 2,500,000 | 03/22/29 | 0.068%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (1,533) | (438,725) | (437,192) |
65
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2023 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at July 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
JPY | 50,000 | 04/02/29 | 1.288%(S) | 1 Day TONAR(2)(S)/ (0.061)% | $(811) | $16,664 | $17,475 | |||||||
JPY | 100,000 | 08/18/29 | 1.070%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (2,277) | 24,948 | 27,225 | |||||||
JPY | 100,000 | 08/28/29 | 1.043%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (1,957) | 23,496 | 25,453 | |||||||
JPY | 200,000 | 09/09/29 | 1.061%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (3,626) | 48,294 | 51,920 | |||||||
JPY | 655,000 | 09/29/29 | 1.064%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (9,272) | 156,100 | 165,372 | |||||||
JPY | 300,000 | 07/02/30 | 0.047%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (188) | (85,187) | (84,999) | |||||||
JPY | 200,000 | 04/01/31 | 0.319%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (805) | (39,224) | (38,419) | |||||||
JPY | 215,000 | 05/06/31 | 0.354%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (450) | (39,811) | (39,361) | |||||||
JPY | 150,000 | 07/07/31 | 0.071%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (208) | (53,560) | (53,352) | |||||||
JPY | 700,000 | 08/05/31 | 0.026%(S) | 1 Day TONAR(2)(S)/ (0.061)% | 44 | (272,281) | (272,325) | |||||||
JPY | 256,500 | 08/15/31 | 0.223%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (1,200) | (70,582) | (69,382) | |||||||
JPY | 130,000 | 08/30/31 | 0.217%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (494) | (36,743) | (36,249) | |||||||
JPY | 120,000 | 09/08/31 | 0.316%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (641) | (27,221) | (26,580) | |||||||
JPY | 190,000 | 09/21/31 | 0.328%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (909) | (42,496) | (41,587) |
66
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2023 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at July 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
JPY | 350,000 | 10/14/31 | 0.270%(S) | 1 Day TONAR(2)(S)/ (0.061)% | $(973) | $(92,044) | $(91,071) | |||||||
JPY | 200,000 | 04/06/32 | 0.484%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (1,188) | (33,271) | (32,083) | |||||||
JPY | 159,520 | 04/07/32 | 0.491%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (948) | (25,860) | (24,912) | |||||||
JPY | 1,200,000 | 05/19/32 | 0.023%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (24) | (556,377) | (556,353) | |||||||
JPY | 800,000 | 05/29/32 | 0.016%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (3) | (376,633) | (376,630) | |||||||
JPY | 140,000 | 06/07/32 | 0.451%(S) | 1 Day TONAR(2)(S)/ (0.061)% | — | (28,422) | (28,422) | |||||||
JPY | 71,000 | 09/21/32 | 0.463%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (500) | (14,817) | (14,317) | |||||||
JPY | 160,000 | 11/14/32 | 2.390%(S) | 1 Day TONAR(2)(S)/ (0.061)% | — | 165,636 | 165,636 | |||||||
JPY | 900,000 | 01/04/38 | 0.757%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (22,641) | (290,411) | (267,770) | |||||||
JPY | 800,000 | 03/28/38 | 0.656%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (7,788) | (338,362) | (330,574) | |||||||
JPY | 675,000 | 04/06/38 | 0.655%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (5,822) | (288,049) | (282,227) | |||||||
JPY | 285,000 | 07/08/38 | 0.200%(A) | 1 Day TONAR(1)(A)/ (0.061)% | 318,796 | 242,377 | (76,419) | |||||||
JPY | 600,000 | 08/10/38 | 0.822%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (12,513) | (162,940) | (150,427) | |||||||
JPY | 2,430,385 | 12/03/38 | 0.600%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (1,252) | (1,300,562) | (1,299,310) |
67
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2023 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at July 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
JPY | 969,000 | 12/03/39 | 0.650%(S) | 1 Day TONAR(2)(S)/ (0.061)% | $(545) | $(538,457) | $(537,912) | |||||||
JPY | 166,000 | 05/09/43 | 0.820%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (841) | (95,962) | (95,121) | |||||||
JPY | 2,000,000 | 10/23/45 | 0.333%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (6,307) | (2,768,454) | (2,762,147) | |||||||
JPY | 775,000 | 04/12/46 | 0.496%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (4,684) | (914,203) | (909,519) | |||||||
JPY | 110,291 | 04/15/46 | 0.560%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (702) | (119,969) | (119,267) | |||||||
JPY | 26,000 | 10/04/47 | 0.942%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (348) | (15,153) | (14,805) | |||||||
JPY | 560,000 | 11/24/47 | 0.888%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (1,450) | (380,286) | (378,836) | |||||||
JPY | 500,000 | 05/29/50 | 0.186%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (158) | (956,949) | (956,791) | |||||||
JPY | 500,000 | 08/26/50 | 0.334%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (3,609) | (839,383) | (835,774) | |||||||
JPY | 1,000,000 | 12/16/50 | 0.338%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (12,421) | (1,694,930) | (1,682,509) | |||||||
JPY | 1,200,000 | 02/08/51 | 0.467%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (14,771) | (1,771,340) | (1,756,569) | |||||||
JPY | 1,650,000 | 03/30/51 | 0.520%(S) | 1 Day TONAR(2)(S)/ (0.061)% | (12,764) | (2,305,005) | (2,292,241) | |||||||
JPY | 701,000 | 07/31/53 | 1.102%(A) | 1 Day TONAR(1)(A)/ (0.061)% | — | 261,275 | 261,275 | |||||||
KRW | 18,824,000 | 08/06/25 | 0.830%(Q) | 3 Month KWCDC(2)(Q)/ 3.740% | (10) | (932,645) | (932,635) |
68
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2023 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at July 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
KRW | 19,850,000 | 04/19/28 | 3.135%(Q) | 3 Month KWCDC(2)(Q)/ 3.740% | $— | $(304,990) | $(304,990) | |||||||
KRW | 20,447,900 | 09/10/28 | 2.043%(Q) | 3 Month KWCDC(2)(Q)/ 3.740% | 437,225 | (1,192,792) | (1,630,017) | |||||||
KRW | 11,000,000 | 02/05/30 | 1.319%(Q) | 3 Month KWCDC(2)(Q)/ 3.740% | 13 | (1,173,919) | (1,173,932) | |||||||
KRW | 5,000,000 | 01/05/31 | 1.258%(Q) | 3 Month KWCDC(2)(Q)/ 3.740% | — | (597,573) | (597,573) | |||||||
KRW | 4,000,000 | 08/13/31 | 1.630%(Q) | 3 Month KWCDC(2)(Q)/ 3.740% | — | (436,049) | (436,049) | |||||||
KRW | 1,067,160 | 03/10/33 | 3.150%(Q) | 3 Month KWCDC(2)(Q)/ 3.740% | (17,209) | (26,578) | (9,369) | |||||||
NOK | 36,000 | 02/07/29 | 2.083%(A) | 6 Month NIBOR(2)(S)/ 5.070% | — | (409,669) | (409,669) | |||||||
NOK | 48,000 | 10/07/29 | 1.660%(A) | 6 Month NIBOR(2)(S)/ 5.070% | — | (650,662) | (650,662) | |||||||
NZD | 6,450 | 11/28/28 | 2.950%(S) | 3 Month BBR(2)(Q)/ 5.665% | — | (351,170) | (351,170) | |||||||
PLN | 10,000 | 03/26/31 | 1.675%(A) | 6 Month WIBOR(2)(S)/ 6.600% | — | (493,322) | (493,322) | |||||||
SGD | 17,215 | 07/29/31 | 1.120%(S) | 1 Day SORA(2)(S)/ 3.550% | 96,319 | (1,793,758) | (1,890,077) | |||||||
THB | 120,000 | 08/23/23 | 1.920%(Q) | 1 Day THOR(2)(Q)/ 1.986% | — | (1,089) | (1,089) | |||||||
THB | 60,000 | 07/04/24 | 1.590%(Q) | 1 Day THOR(2)(Q)/ 1.986% | — | (12,334) | (12,334) | |||||||
THB | 173,600 | 04/28/30 | 1.020%(Q) | 1 Day THOR(2)(Q)/ 1.986% | — | (497,406) | (497,406) |
69
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2023 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at July 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
THB | 23,000 | 05/29/30 | 2.645%(Q) | 1 Day THOR(2)(Q)/ 1.986% | $(900) | $3,410 | $4,310 | |||||||
THB | 72,900 | 06/25/30 | 0.990%(Q) | 1 Day THOR(2)(Q)/ 1.986% | — | (220,655) | (220,655) | |||||||
THB | 200,200 | 07/03/30 | 1.028%(Q) | 1 Day THOR(2)(Q)/ 1.986% | — | (592,593) | (592,593) | |||||||
THB | 115,500 | 08/17/31 | 1.320%(Q) | 1 Day THOR(2)(Q)/ 1.986% | — | (335,630) | (335,630) | |||||||
TWD | 564,000 | 02/17/28 | 1.390%(Q) | 3 Month TAIBOR(1)(Q)/ 1.494% | — | 76,867 | 76,867 | |||||||
TWD | 255,000 | 02/24/33 | 1.415%(Q) | 3 Month TAIBOR(1)(Q)/ 1.494% | — | 40,763 | 40,763 | |||||||
332,950 | 12/23/23 | 4.758%(T) | 1 Day SOFR(2)(T)/ 5.310% | — | (1,092,567) | (1,092,567) | ||||||||
334,175 | 02/21/24 | 5.170%(T) | 1 Day SOFR(2)(T)/ 5.310% | — | (325,457) | (325,457) | ||||||||
142,505 | 07/10/24 | 5.435%(T) | 1 Day SOFR(2)(T)/ 5.310% | — | 57,819 | 57,819 | ||||||||
301,810 | 07/31/24 | 5.406%(T) | 1 Day SOFR(2)(T)/ 5.310% | — | 81,164 | 81,164 | ||||||||
180,200 | 03/08/25 | 4.919%(A) | 1 Day SOFR(2)(A)/ 5.310% | — | (406,320) | (406,320) | ||||||||
342,911 | 04/22/25 | 3.595%(T) | 1 Day SOFR(1)(T)/ 5.310% | (611,135) | 3,156,776 | 3,767,911 | ||||||||
13,000 | 04/26/33 | 3.070%(A) | 1 Day SOFR(2)(A)/ 5.310% | — | (138,518) | (138,518) | ||||||||
$5,244,648 | $(87,143,019) | $(92,387,667) |
70
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at July 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)/ 1.970% | $34,219 | $3 | $34,216 | CITI | |||||||
CNH | 1,000 | 06/15/28 | 2.365%(Q) | 7 Day China Fixing Repo Rates(1)(Q)/ 1.970% | 616 | — | 616 | MSI | |||||||
CNH | 1,000 | 06/15/28 | 2.410%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.970% | (494) | — | (494) | MSI | |||||||
CNH | 75,000 | 07/12/28 | 2.410%(Q) | 7 Day China Fixing Repo Rates(1)(Q)/ 1.970% | 28,685 | — | 28,685 | MSI | |||||||
CNH | 75,000 | 07/12/28 | 2.455%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.970% | (21,705) | — | (21,705) | MSI | |||||||
CNH | 34,800 | 07/31/30 | 2.515%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.970% | (14,657) | — | (14,657) | MSI | |||||||
CNH | 5,000 | 10/14/31 | 2.675%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.970% | 4,087 | — | 4,087 | SCB | |||||||
CNH | 30,000 | 11/02/31 | 2.700%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.970% | 37,800 | — | 37,800 | SCB | |||||||
JPY | 35,000 | 12/14/32 | 1.575%(S) | 6 Month JPY LIBOR(2)(S)/ 0.072% | 18,251 | — | 18,251 | HSBC | |||||||
KRW | 900,000 | 11/05/24 | 2.425%(Q) | 3 Month KWCDC(2)(Q)/ 3.740% | (14,077) | — | (14,077) | CITI | |||||||
KRW | 1,485,000 | 10/28/26 | 1.520%(Q) | 3 Month KWCDC(2)(Q)/ 3.740% | (75,779) | (7) | (75,772) | JPM | |||||||
KRW | 2,040,000 | 04/26/27 | 1.880%(Q) | 3 Month KWCDC(2)(Q)/ 3.740% | (97,840) | — | (97,840) | MSI | |||||||
KRW | 1,280,000 | 10/17/28 | 1.450%(Q) | 3 Month KWCDC(2)(Q)/ 3.740% | (102,916) | — | (102,916) | CITI | |||||||
KRW | 520,000 | 01/27/31 | 1.870%(Q) | 3 Month KWCDC(2)(Q)/ 3.740% | (45,269) | — | (45,269) | JPM |
71
PGIM Global Total Return Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at July 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 | 16,000 | 08/19/23 | 3.445%(Q) | 3 Month KLIBOR(2)(Q)/ 3.510% | $(467) | $— | $(467) | MSI | |||||||
MYR | 1,700 | 04/28/25 | 4.040%(Q) | 3 Month KLIBOR(2)(Q)/ 3.510% | 2,566 | — | 2,566 | CITI | |||||||
MYR | 23,575 | 04/09/26 | 2.625%(Q) | 3 Month KLIBOR(2)(Q)/ 3.510% | (142,995) | (240) | (142,755) | MSI | |||||||
MYR | 45,900 | 08/12/26 | 2.605%(Q) | 3 Month KLIBOR(2)(Q)/ 3.510% | (332,628) | (490) | (332,138) | HSBC | |||||||
MYR | 3,160 | 07/11/29 | 3.528%(Q) | 3 Month KLIBOR(2)(Q)/ 3.510% | (9,789) | (6) | (9,783) | MSI | |||||||
MYR | 11,700 | 11/19/29 | 3.245%(Q) | 3 Month KLIBOR(2)(Q)/ 3.510% | (84,527) | 17 | (84,544) | MSI | |||||||
MYR | 17,800 | 02/04/30 | 3.060%(Q) | 3 Month KLIBOR(2)(Q)/ 3.510% | (181,052) | 9 | (181,061) | MSI | |||||||
SAR | 49,500 | 04/26/33 | 4.495%(A) | 3 Month SAIBOR(1)(Q)/ 6.008% | 37,806 | — | 37,806 | MSI | |||||||
ZAR | 40,930 | 03/22/42 | 7.800%(Q) | 3 Month JIBAR(2)(Q)/ 8.450% | (395,270) | — | (395,270) | CITI | |||||||
ZAR | 89,400 | 09/22/42 | 8.020%(Q) | 3 Month JIBAR(2)(Q)/ 8.450% | (769,740) | — | (769,740) | CITI | |||||||
ZAR | 38,700 | 03/22/47 | 7.650%(Q) | 3 Month JIBAR(1)(Q)/ 8.450% | 417,539 | — | 417,539 | CITI | |||||||
ZAR | 83,965 | 09/22/47 | 7.890%(Q) | 3 Month JIBAR(1)(Q)/ 8.450% | 794,379 | — | 794,379 | CITI | |||||||
$(913,257) | $(714) | $(912,543) |
(1) | The Fund pays the fixed rate and receives the floating rate. |
(2) | The Fund pays the floating rate and receives the fixed rate. |
Other information regarding the Fund is available in the Fund’s most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
72