PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Long-Term Investments 98.1% | |||||
Asset-Backed Securities 13.8% | |||||
Cayman Islands 10.0% | |||||
Bain Capital Credit CLO Ltd., | |||||
Series 2018-01A, Class A1, 144A, 3 Month SOFR + 1.222% (Cap N/A, Floor 0.262%) | 6.537 %(c) | 04/23/31 | 220 | $220,546 | |
Series 2019-03A, Class AR, 144A, 3 Month SOFR + 1.422% (Cap N/A, Floor 1.422%) | 6.739(c) | 10/21/34 | 500 | 499,513 | |
Balboa Bay Loan Funding Ltd., Series 2020-01A, Class AR, 144A, 3 Month SOFR + 1.382% (Cap N/A, Floor 1.120%) | 6.699(c) | 01/20/32 | 998 | 997,537 | |
Battalion CLO Ltd., Series 2018-12A, Class A1, 144A, 3 Month SOFR + 1.332% (Cap N/A, Floor 1.070%) | 6.701(c) | 05/17/31 | 240 | 240,379 | |
Broad River BSL Funding CLO Ltd., Series 2020-01A, Class AR, 144A, 3 Month SOFR + 1.432% (Cap N/A, Floor 1.170%) | 6.749(c) | 07/20/34 | 750 | 751,359 | |
Carlyle CLO Ltd., Series C17A, Class A1AR, 144A, 3 Month SOFR + 1.292% (Cap N/A, Floor 0.000%) | 6.609(c) | 04/30/31 | 227 | 227,466 | |
Carlyle Global Market Strategies CLO Ltd., Series 2014-01A, Class A1R2, 144A, 3 Month SOFR + 1.232% (Cap N/A, Floor 0.970%) | 6.548(c) | 04/17/31 | 210 | 210,440 | |
CIFC Funding Ltd., Series 2014-02RA, Class A1, 144A, 3 Month SOFR + 1.312% (Cap N/A, Floor 1.050%) | 6.630(c) | 04/24/30 | 339 | 338,982 | |
Clover CLO Ltd., Series 2019-02A, Class AR, 144A, 3 Month SOFR + 1.362% (Cap N/A, Floor 1.362%) | 6.686(c) | 10/25/33 | 500 | 500,943 | |
Greenwood Park CLO Ltd., Series 2018-01A, Class A2, 144A, 3 Month SOFR + 1.272% (Cap N/A, Floor 0.000%) | 6.586(c) | 04/15/31 | 203 | 202,856 | |
Greywolf CLO Ltd., Series 2018-01A, Class A1, 144A, 3 Month SOFR + 1.290% (Cap N/A, Floor 0.000%) | 6.614(c) | 04/26/31 | 673 | 673,825 | |
Jamestown CLO Ltd., Series 2019-14A, Class A1AR, 144A, 3 Month SOFR + 1.462% (Cap N/A, Floor 1.200%) | 6.779(c) | 10/20/34 | 250 | 251,314 | |
Madison Park Funding Ltd., Series 2019-33A, Class AR, 144A, 3 Month SOFR + 1.290% (Cap N/A, Floor 1.290%) | 6.604(c) | 10/15/32 | 750 | 749,241 | |
MidOcean Credit CLO, Series 2018-08A, Class B, 144A, 3 Month SOFR + 1.912% (Cap N/A, Floor 0.000%) | 7.279(c) | 02/20/31 | 250 | 248,928 |
1
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Asset-Backed Securities (Continued) | |||||
Cayman Islands (cont’d.) | |||||
Oaktree CLO Ltd., Series 2019-01A, Class A1R, 144A, 3 Month SOFR + 1.372% (Cap N/A, Floor 1.110%) | 6.689 %(c) | 04/22/30 | 900 | $900,630 | |
OZLM Ltd., Series 2014-06A, Class A2AS, 144A, 3 Month SOFR + 2.012% (Cap N/A, Floor 0.000%) | 7.328(c) | 04/17/31 | 250 | 249,996 | |
Palmer Square CLO Ltd., Series 2015-01A, Class A1A4, 144A, 3 Month SOFR + 1.392% (Cap N/A, Floor 1.392%) | 6.759(c) | 05/21/34 | 750 | 751,818 | |
TCW CLO Ltd., | |||||
Series 2017-01A, Class A1RR, 144A, 3 Month SOFR + 1.442% (Cap N/A, Floor 1.180%) | 6.761(c) | 10/29/34 | 250 | 249,627 | |
Series 2020-01A, Class A1RR, 144A, 3 Month SOFR + 1.422% (Cap N/A, Floor 1.160%) | 6.739(c) | 04/20/34 | 750 | 749,784 | |
Telos CLO Ltd., Series 2013-04A, Class AR, 144A, 3 Month SOFR + 1.502% (Cap N/A, Floor 0.000%) | 6.818(c) | 01/17/30 | 120 | 119,962 | |
Trimaran Cavu Ltd., Series 2021-01A, Class A, 144A, 3 Month SOFR + 1.472% (Cap N/A, Floor 1.210%) | 6.787(c) | 04/23/32 | 500 | 500,414 | |
Voya CLO Ltd., Series 2013-02A, Class A1R, 144A, 3 Month SOFR + 1.232% (Cap N/A, Floor 0.970%) | 6.556(c) | 04/25/31 | 201 | 200,927 | |
Wellfleet CLO Ltd., Series 2018-03A, Class A1A, 144A, 3 Month SOFR + 1.512% (Cap N/A, Floor 1.250%) | 6.829(c) | 01/20/32 | 750 | 750,754 | |
Wind River CLO Ltd., Series 2016-01KRA, Class A1R2, 144A, 3 Month SOFR + 1.472% (Cap N/A, Floor 1.210%) | 6.786(c) | 10/15/34 | 250 | 249,220 | |
10,836,461 | |||||
Ireland 1.5% | |||||
Ares European CLO DAC, Series 11A, Class B2R, 144A | 1.950 | 04/15/32 | EUR | 500 | 488,051 |
Armada Euro CLO DAC, Series 02A, Class A3, 144A | 1.500 | 11/15/31 | EUR | 209 | 218,808 |
2
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Asset-Backed Securities (Continued) | |||||
Ireland (cont’d.) | |||||
Carlyle Euro CLO DAC, Series 2021-02A, Class A1, 144A, 3 Month EURIBOR + 0.990% (Cap N/A, Floor 0.990%) | 4.932 %(c) | 10/15/35 | EUR | 300 | $320,749 |
Carlyle Global Market Strategies Euro CLO Ltd., Series 2014-02A, Class AR1, 144A, 3 Month EURIBOR + 0.750% (Cap N/A, Floor 0.750%) | 4.752(c) | 11/15/31 | EUR | 499 | 531,848 |
1,559,456 | |||||
Spain 0.0% | |||||
TFS, | |||||
Series 2018-03, Class A1 | 0.000(cc) | 04/16/40^ | EUR | —(r) | 1 |
Series 2018-03, Class A1, 1 Month EURIBOR + 3.250% | 7.130(c) | 03/15/26^ | EUR | 47 | 43,064 |
43,065 | |||||
United States 2.3% | |||||
Avis Budget Rental Car Funding AESOP LLC, | |||||
Series 2022-05A, Class C, 144A | 6.240 | 04/20/27 | 100 | 100,378 | |
Series 2023-02A, Class C, 144A | 6.180 | 10/20/27 | 100 | 100,449 | |
Chase Auto Owner Trust, Series 2022-AA, Class D, 144A | 5.400 | 06/25/30 | 200 | 194,938 | |
Enterprise Fleet Financing LLC, Series 2023-02, Class A2, 144A | 5.560 | 04/22/30 | 200 | 200,637 | |
Exeter Automobile Receivables Trust, Series 2021-03A, Class D | 1.550 | 06/15/27 | 100 | 94,072 | |
Ford Credit Auto Owner Trust, Series 2023-02, Class D, 144A | 6.600 | 02/15/36 | 100 | 101,299 | |
Ford Credit Floorplan Master Owner Trust, Series 2023-01, Class A1, 144A | 4.920 | 05/15/28 | 200 | 200,633 | |
JPMorgan Mortgage Trust, Series 2023-HE02, Class A1, 144A, 30 Day Average SOFR + 1.700% (Cap N/A, Floor 0.000%) | 7.045(c) | 03/25/54 | 22 | 22,066 | |
Mariner Finance Issuance Trust, Series 2020-AA, Class A, 144A | 2.190 | 08/21/34 | 52 | 50,967 | |
OneMain Direct Auto Receivables Trust, | |||||
Series 2019-01A, Class A, 144A | 3.630 | 09/14/27 | 100 | 98,360 | |
Series 2019-01A, Class D, 144A | 4.680 | 04/14/31 | 100 | 97,146 | |
Series 2023-01A, Class D, 144A | 7.070 | 02/14/33 | 200 | 202,587 | |
OneMain Financial Issuance Trust, | |||||
Series 2023-01A, Class A, 144A | 5.500 | 06/14/38 | 300 | 303,941 | |
Series 2023-02A, Class C, 144A | 6.740 | 09/15/36 | 100 | 102,426 |
3
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Asset-Backed Securities (Continued) | |||||
United States (cont’d.) | |||||
OneMain Financial Issuance Trust, (cont’d.) | |||||
Series 2023-02A, Class D, 144A | 7.520 % | 09/15/36 | 100 | $103,684 | |
Oportun Issuance Trust, Series 2022-02, Class A, 144A | 5.940 | 10/09/29 | 13 | 13,318 | |
Regional Management Issuance Trust, Series 2022-01, Class A, 144A | 3.070 | 03/15/32 | 100 | 95,742 | |
Santander Drive Auto Receivables Trust, | |||||
Series 2022-05, Class C | 4.740 | 10/16/28 | 200 | 198,300 | |
Series 2022-06, Class C | 4.960 | 11/15/28 | 100 | 99,181 | |
Towd Point Mortgage Trust, Series 2024-CES01, Class A1A, 144A | 5.848(cc) | 01/25/64 | 100 | 99,984 | |
2,480,108 | |||||
Total Asset-Backed Securities (cost $15,122,417) | 14,919,090 | ||||
Commercial Mortgage-Backed Securities 7.8% | |||||
Canada 0.0% | |||||
Real Estate Asset Liquidity Trust, Series 2020-01A, Class A1, 144A | 2.381(cc) | 02/12/55 | CAD | 17 | 12,012 |
Ireland 0.1% | |||||
Last Mile Logistics Pan Euro Finance DAC, Series 01A, Class D, 144A, 3 Month EURIBOR + 1.900% (Cap N/A, Floor 1.900%) | 5.894(c) | 08/17/33 | EUR | 98 | 101,314 |
United Kingdom 0.5% | |||||
Deco DAC, Series 2019-RAM, Class B, SONIA + 3.607% (Cap N/A, Floor 3.607%) | 8.828(c) | 08/07/30 | GBP | 167 | 202,394 |
Taurus DAC, | |||||
Series 2021-UK4A, Class B, 144A, SONIA + 1.500% (Cap N/A, Floor 1.500%) | 6.722(c) | 08/17/31 | GBP | 93 | 117,085 |
Series 2021-UK4A, Class C, 144A, SONIA + 1.750% (Cap N/A, Floor 1.750%) | 6.972(c) | 08/17/31 | GBP | 93 | 116,620 |
Series 2021-UK4A, Class D, 144A, SONIA + 2.100% (Cap N/A, Floor 2.100%) | 7.322(c) | 08/17/31 | GBP | 93 | 115,963 |
552,062 |
4
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Commercial Mortgage-Backed Securities (Continued) | |||||
United States 7.2% | |||||
BANK, | |||||
Series 2018-BN10, Class A4 | 3.428 % | 02/15/61 | 243 | $231,942 | |
Series 2020-BN26, Class A3 | 2.155 | 03/15/63 | 200 | 171,787 | |
Barclays Commercial Mortgage Securities Trust, Series 2018-CHRS, Class C, 144A | 4.409(cc) | 08/05/38 | 380 | 311,340 | |
Benchmark Mortgage Trust, | |||||
Series 2018-B02, Class A3 | 3.544 | 02/15/51 | 200 | 192,361 | |
Series 2020-B17, Class A4 | 2.042 | 03/15/53 | 75 | 62,489 | |
Series 2020-B20, Class A3 | 1.945 | 10/15/53 | 100 | 86,008 | |
BX Commercial Mortgage Trust, | |||||
Series 2019-XL, Class F, 144A, 1 Month SOFR + 2.114% (Cap N/A, Floor 2.000%) | 7.448(c) | 10/15/36 | 85 | 84,469 | |
Series 2019-XL, Class G, 144A, 1 Month SOFR + 2.414% (Cap N/A, Floor 2.300%) | 7.748(c) | 10/15/36 | 85 | 84,150 | |
Series 2019-XL, Class J, 144A, 1 Month SOFR + 2.764% (Cap N/A, Floor 2.650%) | 8.098(c) | 10/15/36 | 517 | 502,312 | |
Series 2022-AHP, Class E, 144A, 1 Month SOFR + 3.040% (Cap N/A, Floor 3.040%) | 8.373(c) | 01/17/39 | 300 | 287,216 | |
BX Trust, Series 2022-LBA06, Class E, 144A, 1 Month SOFR + 2.700% (Cap N/A, Floor 2.700%) | 8.033(c) | 01/15/39 | 350 | 341,250 | |
Citigroup Commercial Mortgage Trust, Series 2018-B02, Class A3 | 3.744 | 03/10/51 | 150 | 143,553 | |
Cold Storage Trust, Series 2020-ICE05, Class E, 144A, 1 Month SOFR + 2.880% (Cap N/A, Floor 2.766%) | 8.219(c) | 11/15/37 | 98 | 98,053 | |
Commercial Mortgage Trust, | |||||
Series 2014-CR17, Class A5 | 3.977 | 05/10/47 | 1,000 | 993,629 | |
Series 2014-UBS04, Class A5 | 3.694 | 08/10/47 | 1,000 | 984,035 | |
Credit Suisse Mortgage Capital Certificates, Series 2019-ICE04, Class E, 144A, 1 Month SOFR + 2.197% (Cap N/A, Floor 2.150%) | 7.531(c) | 05/15/36 | 200 | 198,748 | |
FHLMC Multifamily Structured Pass-Through Certificates, | |||||
Series K052, Class X1, IO | 0.760(cc) | 11/25/25 | 4,193 | 37,981 | |
Series K111, Class X1, IO | 1.680(cc) | 05/25/30 | 318 | 24,414 | |
Series K113, Class X1, IO | 1.482(cc) | 06/25/30 | 914 | 63,283 | |
Series KG03, Class X1, IO | 1.478(cc) | 06/25/30 | 1,045 | 70,521 | |
GS Mortgage Securities Trust, | |||||
Series 2014-GC26, Class A5 | 3.629 | 11/10/47 | 1,000 | 981,562 | |
Series 2018-GS09, Class A3 | 3.727 | 03/10/51 | 125 | 117,886 | |
5
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Commercial Mortgage-Backed Securities (Continued) | |||||
United States (cont’d.) | |||||
ONE Mortgage Trust, Series 2021-PARK, Class D, 144A, 1 Month SOFR + 1.614% (Cap N/A, Floor 1.500%) | 6.947 %(c) | 03/15/36 | 100 | $92,500 | |
UBS Commercial Mortgage Trust, Series 2018-C08, Class A3 | 3.720 | 02/15/51 | 200 | 190,518 | |
Wells Fargo Commercial Mortgage Trust, | |||||
Series 2016-LC24, Class A3 | 2.684 | 10/15/49 | 213 | 201,645 | |
Series 2021-C59, Class A3 | 1.958 | 04/15/54 | 600 | 528,111 | |
Series 2021-FCMT, Class C, 144A, 1 Month SOFR + 2.514% (Cap N/A, Floor 2.400%) | 7.848(c) | 05/15/31 | 100 | 96,984 | |
Series 2021-FCMT, Class E, 144A, 1 Month SOFR + 4.614% (Cap N/A, Floor 4.500%) | 9.948(c) | 05/15/31 | 600 | 539,335 | |
7,718,082 | |||||
Total Commercial Mortgage-Backed Securities (cost $8,734,393) | 8,383,470 | ||||
Corporate Bonds 36.5% | |||||
Belgium 0.1% | |||||
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc., Gtd. Notes | 4.900 | 02/01/46 | 140 | 135,727 | |
Brazil 0.6% | |||||
Petrobras Global Finance BV, | |||||
Gtd. Notes | 5.375 | 10/01/29 | GBP | 200 | 237,262 |
Gtd. Notes | 6.625 | 01/16/34 | GBP | 300 | 360,150 |
597,412 | |||||
Bulgaria 0.3% | |||||
Bulgarian Energy Holding EAD, Sr. Unsec’d. Notes | 2.450 | 07/22/28 | EUR | 300 | 282,164 |
Canada 1.0% | |||||
Bombardier, Inc., | |||||
Sr. Unsec’d. Notes, 144A | 7.125 | 06/15/26 | 20 | 20,164 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 02/01/29 | 25 | 25,438 | |
Sr. Unsec’d. Notes, 144A | 7.875 | 04/15/27 | 70 | 69,810 | |
6
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Canada (cont’d.) | |||||
Brookfield Residential Properties, Inc./Brookfield Residential US LLC, Gtd. Notes, 144A | 4.875 % | 02/15/30 | 35 | $31,063 | |
Cenovus Energy, Inc., | |||||
Sr. Unsec’d. Notes | 2.650 | 01/15/32 | 15 | 12,461 | |
Sr. Unsec’d. Notes | 3.750 | 02/15/52 | 10 | 7,237 | |
Fairfax Financial Holdings Ltd., Sr. Unsec’d. Notes | 5.625 | 08/16/32 | 300 | 298,947 | |
Hydro-Quebec, Local Gov’t. Gtd. Notes, Series HK | 9.375 | 04/15/30 | 150 | 187,105 | |
Mattamy Group Corp., Sr. Unsec’d. Notes, 144A | 4.625 | 03/01/30 | 125 | 113,438 | |
Ontario Teachers’ Cadillac Fairview Properties Trust, Sr. Unsec’d. Notes, 144A | 3.875 | 03/20/27 | 300 | 283,595 | |
Teck Resources Ltd., Sr. Unsec’d. Notes | 5.400 | 02/01/43 | 60 | 56,842 | |
1,106,100 | |||||
China 1.7% | |||||
Agricultural Development Bank of China, Sr. Unsec’d. Notes | 3.800 | 10/27/30 | CNH | 6,000 | 881,544 |
Aircraft Finance Co. Ltd., Sr. Sec’d. Notes, Series B | 4.100 | 03/29/26 | 46 | 45,019 | |
China Development Bank, | |||||
Sr. Unsec’d. Notes | 4.300 | 08/02/32 | CNH | 5,000 | 772,801 |
Unsec’d. Notes | 4.200 | 01/19/27 | CNH | 1,000 | 144,740 |
1,844,104 | |||||
Denmark 0.1% | |||||
Danske Bank A/S, Sub. Notes, EMTN | 2.500(ff) | 06/21/29 | EUR | 150 | 160,727 |
France 2.2% | |||||
Banque Federative du Credit Mutuel SA, Sr. Preferred Notes, 144A | 1.604 | 10/04/26 | 200 | 183,243 | |
BNP Paribas SA, | |||||
Sr. Non-Preferred Notes, 144A | 2.159(ff) | 09/15/29 | 200 | 174,589 | |
Sr. Non-Preferred Notes, 144A | 2.871(ff) | 04/19/32 | 400 | 338,648 | |
BPCE SA, Sr. Non-Preferred Notes, 144A | 2.045(ff) | 10/19/27 | 250 | 227,926 |
7
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
France (cont’d.) | |||||
Credit Agricole Assurances SA, Sub. Notes | 4.250 %(ff) | 01/13/25(oo) | EUR | 100 | $107,346 |
La Poste SA, Sr. Unsec’d. Notes, EMTN | 1.375 | 04/21/32 | EUR | 200 | 186,741 |
Regie Autonome des Transports Parisiens EPIC, Sr. Unsec’d. Notes, EMTN | 0.400 | 12/19/36 | EUR | 50 | 44,876 |
SNCF Reseau, Sr. Unsec’d. Notes, Series MPLE | 4.700 | 06/01/35 | CAD | 100 | 76,228 |
Societe Generale SA, | |||||
Gtd. Notes, 144A | 2.797(ff) | 01/19/28 | 200 | 185,000 | |
Sr. Non-Preferred Notes, 144A | 1.488(ff) | 12/14/26 | 200 | 185,014 | |
Sr. Non-Preferred Notes, 144A, MTN | 2.625 | 01/22/25 | 255 | 248,056 | |
Sr. Preferred Notes, EMTN | 0.250 | 07/08/27 | EUR | 400 | 390,245 |
2,347,912 | |||||
Germany 1.1% | |||||
Allianz SE, Jr. Sub. Notes | 3.375(ff) | 09/18/24(oo) | EUR | 100 | 107,078 |
Deutsche Bahn Finance GMBH, Gtd. Notes, MTN | 3.800 | 09/27/27 | AUD | 100 | 63,678 |
Deutsche Bank AG, | |||||
Sr. Non-Preferred Notes | 1.447(ff) | 04/01/25 | 210 | 208,268 | |
Sr. Non-Preferred Notes | 2.552(ff) | 01/07/28 | 150 | 137,717 | |
Sr. Preferred Notes | 0.898 | 05/28/24 | 265 | 260,990 | |
Sub. Notes, EMTN | 3.662(ff) | 04/10/25 | CNH | 1,000 | 137,766 |
TK Elevator Midco GmbH, Sr. Sec’d. Notes | 4.375 | 07/15/27 | EUR | 153 | 160,031 |
Volkswagen International Finance NV, Gtd. Notes | 4.625(ff) | 03/24/26(oo) | EUR | 100 | 106,730 |
1,182,258 | |||||
Hong Kong 0.3% | |||||
HKT Capital No. 3 Ltd., Gtd. Notes | 1.650 | 04/10/27 | EUR | 200 | 195,363 |
Sun Hung Kai Properties Capital Market Ltd., Gtd. Notes, EMTN | 3.200 | 08/14/27 | CNH | 1,000 | 137,898 |
333,261 |
8
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Hungary 0.1% | |||||
MFB Magyar Fejlesztesi Bank Zrt, Gov’t. Gtd. Notes | 0.375 % | 06/09/26 | EUR | 100 | $98,209 |
India 0.5% | |||||
NTPC Ltd., Sr. Unsec’d. Notes, EMTN | 2.750 | 02/01/27 | EUR | 300 | 309,701 |
Power Finance Corp. Ltd., Sr. Unsec’d. Notes, GMTN | 1.841 | 09/21/28 | EUR | 200 | 190,318 |
500,019 | |||||
Indonesia 0.2% | |||||
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, | |||||
Sr. Unsec’d. Notes | 2.875 | 10/25/25 | EUR | 100 | 106,113 |
Sr. Unsec’d. Notes, 144A | 1.875 | 11/05/31 | EUR | 100 | 88,752 |
194,865 | |||||
Israel 0.2% | |||||
Israel Electric Corp. Ltd., Sec’d. Notes, 144A, GMTN | 3.750 | 02/22/32 | 200 | 167,250 | |
Italy 0.3% | |||||
Cassa Depositi e Prestiti SpA, Sr. Unsec’d. Notes, 144A | 5.750 | 05/05/26 | 200 | 199,733 | |
Rossini Sarl, Sr. Sec’d. Notes, 144A | 6.750 | 10/30/25 | EUR | 100 | 107,992 |
307,725 | |||||
Jamaica 0.2% | |||||
Digicel Group Holdings Ltd., | |||||
Sr. Sec’d. Notes, Series 1A14, 144A | 0.000(s) | 12/31/30^ | 4 | 4,088 | |
Sr. Sec’d. Notes, Series 1B14, 144A | 0.000(s) | 12/31/30^ | 11 | — | |
Sr. Sec’d. Notes, Series 3A14, 144A | 0.000(s) | 12/31/30^ | —(r) | 249 | |
Sr. Sec’d. Notes, Series 3B14, 144A | 0.000(s) | 12/31/30^ | 5 | — | |
9
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Jamaica (cont’d.) | |||||
Digicel Intermediate Holdings Ltd./Digicel International Finance Ltd./DIFL US LLC, Sr. Sec’d. Notes, Cash coupon 9.000% and PIK 1.500% | 9.000 % | 05/25/27 | 204 | $192,677 | |
Digicel MidCo Ltd./DIFL US II LLC, Sr. Unsec’d. Notes, PIK 10.500% | 10.500 | 11/25/28 | 6 | 3,641 | |
200,655 | |||||
Japan 0.3% | |||||
Mitsubishi UFJ Financial Group, Inc., Sr. Unsec’d. Notes | 1.538(ff) | 07/20/27 | 210 | 192,813 | |
Nomura Holdings, Inc., Sr. Unsec’d. Notes | 2.999 | 01/22/32 | 200 | 167,842 | |
360,655 | |||||
Luxembourg 0.3% | |||||
Blackstone Property Partners Europe Holdings Sarl, Sr. Unsec’d. Notes, EMTN | 1.000 | 05/04/28 | EUR | 400 | 371,112 |
Malta 0.2% | |||||
Freeport Terminal Malta PLC, Gov’t. Gtd. Notes, 144A | 7.250 | 05/15/28 | 200 | 216,941 | |
Mexico 1.0% | |||||
Comision Federal de Electricidad, Sr. Unsec’d. Notes | 5.000 | 09/29/36 | 141 | 118,608 | |
Mexico City Airport Trust, Sr. Sec’d. Notes, 144A | 3.875 | 04/30/28 | 200 | 185,456 | |
Petroleos Mexicanos, | |||||
Gtd. Notes | 3.625 | 11/24/25 | EUR | 200 | 205,333 |
Gtd. Notes, EMTN | 2.750 | 04/21/27 | EUR | 200 | 184,259 |
Gtd. Notes, EMTN | 4.875 | 02/21/28 | EUR | 400 | 382,028 |
1,075,684 | |||||
Netherlands 0.5% | |||||
ABN AMRO Bank NV, Sr. Non-Preferred Notes, 144A, MTN | 6.575(ff) | 10/13/26 | 300 | 304,598 |
10
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Netherlands (cont’d.) | |||||
Cooperatieve Rabobank UA, Sr. Preferred Notes, GMTN | 3.500 % | 12/14/26 | AUD | 90 | $56,756 |
JDE Peet’s NV, Gtd. Notes, 144A | 1.375 | 01/15/27 | 150 | 135,254 | |
496,608 | |||||
Norway 0.1% | |||||
Aker BP ASA, Sr. Unsec’d. Notes, 144A | 5.600 | 06/13/28 | 155 | 157,674 | |
Peru 0.0% | |||||
Peru Enhanced Pass-Through Finance Ltd., Pass-Through Certificates | 1.962(n) | 06/02/25 | 22 | 20,470 | |
Philippines 0.4% | |||||
Bangko Sentral ng Pilipinas International Bond, Sr. Unsec’d. Notes, Series A | 8.600 | 06/15/27 | 276 | 306,509 | |
Power Sector Assets & Liabilities Management Corp., Gov’t. Gtd. Notes | 7.390 | 12/02/24 | 123 | 124,614 | |
431,123 | |||||
Poland 0.3% | |||||
Bank Gospodarstwa Krajowego, | |||||
Gov’t. Gtd. Notes, 144A, MTN | 5.375 | 05/22/33 | 200 | 200,480 | |
Gov’t. Gtd. Notes, EMTN | 3.000 | 05/30/29 | EUR | 100 | 104,558 |
305,038 | |||||
Portugal 0.1% | |||||
CP - Comboios de Portugal EPE, Sr. Unsec’d. Notes | 5.700 | 03/05/30 | EUR | 100 | 119,894 |
Russia 0.3% | |||||
Gazprom PJSC Via Gaz Capital SA, Sr. Unsec’d. Notes | 4.250 | 04/06/24 | GBP | 300 | 326,963 |
Saudi Arabia 0.3% | |||||
Gaci First Investment Co., Gtd. Notes | 4.750 | 02/14/30 | 300 | 294,375 |
11
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Singapore 0.1% | |||||
Singapore Telecommunications Ltd., Sr. Unsec’d. Notes, 144A | 7.375 % | 12/01/31 | 67 | $78,130 | |
Slovenia 0.2% | |||||
United Group BV, | |||||
Sr. Sec’d. Notes | 3.625 | 02/15/28 | EUR | 150 | 147,621 |
Sr. Sec’d. Notes, 144A | 6.750 | 02/15/31 | EUR | 100 | 107,719 |
255,340 | |||||
South Africa 0.5% | |||||
Eskom Holdings SOC Ltd., Gov’t. Gtd. Notes, MTN | 6.350 | 08/10/28 | 600 | 582,750 | |
South Korea 0.1% | |||||
Korea Development Bank (The), Sr. Unsec’d. Notes, EMTN | 3.375 | 05/23/28 | EUR | 100 | 107,692 |
Spain 0.9% | |||||
Banco Santander SA, | |||||
Sr. Non-Preferred Notes | 1.722(ff) | 09/14/27 | 200 | 181,409 | |
Sr. Non-Preferred Notes | 5.147 | 08/18/25 | 200 | 199,080 | |
Cellnex Finance Co. SA, Gtd. Notes, EMTN | 2.000 | 02/15/33 | EUR | 300 | 277,718 |
Cellnex Telecom SA, Sr. Unsec’d. Notes, EMTN | 1.750 | 10/23/30 | EUR | 100 | 95,482 |
Iberdrola International BV, Gtd. Notes, Series NC6 | 1.450(ff) | 11/09/26(oo) | EUR | 200 | 198,505 |
952,194 | |||||
Supranational Bank 0.4% | |||||
Corp. Andina de Fomento, Sr. Unsec’d. Notes | 4.500 | 03/07/28 | EUR | 200 | 223,894 |
European Bank for Reconstruction & Development, Sr. Unsec’d. Notes, EMTN | 4.250 | 02/07/28 | IDR | 300,000 | 17,897 |
European Investment Bank, Sr. Unsec’d. Notes, 144A, EMTN | 5.400 | 01/05/45 | CAD | 50 | 42,566 |
International Bank for Reconstruction & Development, Sr. Unsec’d. Notes, SOFR Index + 0.262% (Cap 1.820%, Floor 0.000%) | 1.820(c) | 08/11/26 | 100 | 93,102 | |
377,459 |
12
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Switzerland 1.2% | |||||
Credit Suisse AG, | |||||
Sr. Unsec’d. Notes | 5.000 % | 07/09/27 | 450 | $451,153 | |
Sr. Unsec’d. Notes | 7.500 | 02/15/28 | 250 | 273,150 | |
UBS Group AG, | |||||
Sr. Unsec’d. Notes, 144A | 1.364(ff) | 01/30/27 | 200 | 184,217 | |
Sr. Unsec’d. Notes, 144A | 1.494(ff) | 08/10/27 | 200 | 181,547 | |
Sr. Unsec’d. Notes, 144A | 2.593(ff) | 09/11/25 | 250 | 245,391 | |
1,335,458 | |||||
United Arab Emirates 1.1% | |||||
DP World Ltd., | |||||
Sr. Unsec’d. Notes | 2.375 | 09/25/26 | EUR | 200 | 206,684 |
Sr. Unsec’d. Notes | 4.250 | 09/25/30 | GBP | 100 | 118,493 |
Emirates NBD Bank PJSC, Sr. Unsec’d. Notes, MTN | 4.750 | 02/09/28 | AUD | 400 | 259,121 |
Emirates Telecommunications Group Co. PJSC, Sr. Unsec’d. Notes, EMTN | 0.375 | 05/17/28 | EUR | 100 | 94,935 |
First Abu Dhabi Bank PJSC, Sr. Unsec’d. Notes, EMTN | 0.875 | 12/09/25 | GBP | 200 | 232,775 |
MDGH GMTN RSC Ltd., | |||||
Gtd. Notes, EMTN | 6.875 | 03/14/26 | GBP | 100 | 130,215 |
Gtd. Notes, GMTN | 0.375 | 03/10/27 | EUR | 200 | 195,066 |
1,237,289 | |||||
United Kingdom 3.0% | |||||
Barclays Bank PLC, Sr. Unsec’d. Notes, EMTN | 0.500 | 01/28/33 | MXN | 10,000 | 236,013 |
Barclays PLC, | |||||
Sr. Unsec’d. Notes | 3.932(ff) | 05/07/25 | 200 | 198,936 | |
Sr. Unsec’d. Notes | 5.501(ff) | 08/09/28 | 240 | 240,000 | |
BAT Capital Corp., Gtd. Notes | 2.259 | 03/25/28 | 80 | 71,695 | |
Bellis Acquisition Co. PLC, Sr. Sec’d. Notes, 144A | 3.250 | 02/16/26 | GBP | 200 | 239,915 |
Bellis Finco PLC, Sr. Unsec’d. Notes, 144A | 4.000 | 02/16/27 | GBP | 100 | 115,551 |
BP Capital Markets PLC, Gtd. Notes | 4.375(ff) | 06/22/25(oo) | 150 | 146,700 | |
DS Smith PLC, Sr. Unsec’d. Notes, EMTN | 0.875 | 09/12/26 | EUR | 100 | 100,795 |
13
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United Kingdom (cont’d.) | |||||
eG Global Finance PLC, Sr. Sec’d. Notes, 144A | 12.000 % | 11/30/28 | 200 | $210,810 | |
HSBC Holdings PLC, | |||||
Sr. Unsec’d. Notes | 1.589(ff) | 05/24/27 | 200 | 183,829 | |
Sr. Unsec’d. Notes | 2.013(ff) | 09/22/28 | 200 | 178,075 | |
Sr. Unsec’d. Notes | 2.804(ff) | 05/24/32 | 200 | 167,200 | |
Lloyds Bank PLC, Sr. Unsec’d. Notes, EMTN | 0.000 | 04/02/32 | 200 | 126,988 | |
Santander UK Group Holdings PLC, Sr. Unsec’d. Notes | 1.673(ff) | 06/14/27 | 350 | 319,847 | |
Sherwood Financing PLC, Sr. Sec’d. Notes, 144A | 6.000 | 11/15/26 | GBP | 175 | 202,846 |
TalkTalk Telecom Group Ltd., Gtd. Notes | 3.875 | 02/20/25 | GBP | 200 | 209,528 |
Virgin Media Secured Finance PLC, Sr. Sec’d. Notes | 4.250 | 01/15/30 | GBP | 300 | 333,320 |
3,282,048 | |||||
United States 16.3% | |||||
AbbVie, Inc., Sr. Unsec’d. Notes | 4.050 | 11/21/39 | 50 | 45,255 | |
Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s LP/Albertson’s LLC, Gtd. Notes, 144A | 3.500 | 03/15/29 | 25 | 22,610 | |
Allied Universal Holdco LLC/Allied Universal Finance Corp., Sr. Sec’d. Notes, 144A | 6.625 | 07/15/26 | 175 | 172,586 | |
American Airlines, Inc./AAdvantage Loyalty IP Ltd., Sr. Sec’d. Notes, 144A | 5.750 | 04/20/29 | 75 | 73,696 | |
American Axle & Manufacturing, Inc., Gtd. Notes | 6.500 | 04/01/27 | 25 | 24,926 | |
American International Group, Inc., Sr. Unsec’d. Notes | 1.875 | 06/21/27 | EUR | 100 | 102,876 |
American Medical Systems Europe BV, Gtd. Notes | 1.625 | 03/08/31 | EUR | 100 | 96,626 |
AmeriGas Partners LP/AmeriGas Finance Corp., Sr. Unsec’d. Notes | 5.875 | 08/20/26 | 75 | 72,514 | |
Amgen, Inc., Sr. Unsec’d. Notes | 5.250 | 03/02/30 | 125 | 128,168 | |
AMN Healthcare, Inc., Gtd. Notes, 144A | 4.625 | 10/01/27 | 50 | 47,660 |
14
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Antero Midstream Partners LP/Antero Midstream Finance Corp., Gtd. Notes, 144A | 7.875 % | 05/15/26 | 150 | $153,551 | |
Ascent Resources Utica Holdings LLC/ARU Finance Corp., | |||||
Gtd. Notes, 144A | 7.000 | 11/01/26 | 25 | 25,015 | |
Gtd. Notes, 144A | 9.000 | 11/01/27 | 25 | 31,742 | |
Ashton Woods USA LLC/Ashton Woods Finance Co., | |||||
Sr. Unsec’d. Notes, 144A | 4.625 | 08/01/29 | 25 | 22,752 | |
Sr. Unsec’d. Notes, 144A | 4.625 | 04/01/30 | 25 | 22,622 | |
AT&T, Inc., | |||||
Sr. Unsec’d. Notes | 3.550 | 09/15/55 | 40 | 28,409 | |
Sr. Unsec’d. Notes | 3.650 | 09/15/59 | 69 | 48,587 | |
Sr. Unsec’d. Notes | 3.950 | 04/30/31 | EUR | 200 | 222,689 |
Sr. Unsec’d. Notes | 4.100 | 01/19/26 | AUD | 100 | 64,764 |
B&G Foods, Inc., Gtd. Notes | 5.250 | 04/01/25 | 18 | 17,667 | |
Ball Corp., Gtd. Notes | 6.000 | 06/15/29 | 50 | 50,456 | |
Bank of America Corp., | |||||
Sr. Unsec’d. Notes | 1.734(ff) | 07/22/27 | 270 | 248,867 | |
Sr. Unsec’d. Notes | 2.572(ff) | 10/20/32 | 88 | 73,246 | |
Sr. Unsec’d. Notes | 2.687(ff) | 04/22/32 | 195 | 165,563 | |
Sr. Unsec’d. Notes, MTN | 2.087(ff) | 06/14/29 | 300 | 265,687 | |
Sr. Unsec’d. Notes, MTN | 3.194(ff) | 07/23/30 | 85 | 77,316 | |
Bausch Health Americas, Inc., Gtd. Notes, 144A | 8.500 | 01/31/27 | 85 | 47,084 | |
Bausch Health Cos., Inc., | |||||
Gtd. Notes, 144A | 5.000 | 01/30/28 | 5 | 2,150 | |
Gtd. Notes, 144A | 5.250 | 01/30/30 | 25 | 10,074 | |
Gtd. Notes, 144A | 6.250 | 02/15/29 | 10 | 4,200 | |
Beazer Homes USA, Inc., | |||||
Gtd. Notes | 6.750 | 03/15/25 | 50 | 49,988 | |
Gtd. Notes | 7.250 | 10/15/29 | 20 | 20,102 | |
Black Knight InfoServ LLC, Gtd. Notes, 144A | 3.625 | 09/01/28 | 100 | 94,608 | |
Bristol-Myers Squibb Co., Sr. Unsec’d. Notes | 2.350 | 11/13/40 | 10 | 6,926 | |
Brixmor Operating Partnership LP, | |||||
Sr. Unsec’d. Notes | 2.500 | 08/16/31 | 10 | 8,323 | |
Sr. Unsec’d. Notes | 4.125 | 05/15/29 | 65 | 61,679 |
15
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Broadcom, Inc., | |||||
Gtd. Notes, 144A | 2.450 % | 02/15/31 | 240 | $203,935 | |
Gtd. Notes, 144A | 3.500 | 02/15/41 | 30 | 23,936 | |
Sr. Unsec’d. Notes, 144A | 3.137 | 11/15/35 | 102 | 83,592 | |
Sr. Unsec’d. Notes, 144A | 3.419 | 04/15/33 | 65 | 57,028 | |
Caesars Entertainment, Inc., Sr. Sec’d. Notes, 144A | 6.500 | 02/15/32 | 45 | 45,443 | |
Caledonia Generating LLC, Sr. Sec’d. Notes, 144A | 1.950 | 02/28/34 | 323 | 270,222 | |
Calpine Corp., | |||||
Sr. Sec’d. Notes, 144A | 3.750 | 03/01/31 | 75 | 65,420 | |
Sr. Unsec’d. Notes, 144A | 4.625 | 02/01/29 | 60 | 55,431 | |
Sr. Unsec’d. Notes, 144A | 5.000 | 02/01/31 | 10 | 9,071 | |
Sr. Unsec’d. Notes, 144A | 5.125 | 03/15/28 | 50 | 47,788 | |
Cantor Fitzgerald LP, Sr. Unsec’d. Notes, 144A | 4.500 | 04/14/27 | 235 | 225,051 | |
Capital One Financial Corp., Sr. Unsec’d. Notes | 5.700(ff) | 02/01/30 | 75 | 75,686 | |
Carnival Holdings Bermuda Ltd., Gtd. Notes, 144A | 10.375 | 05/01/28 | 100 | 109,493 | |
Carrier Global Corp., | |||||
Sr. Unsec’d. Notes, 144A | 4.375 | 05/29/25 | EUR | 200 | 217,705 |
Sr. Unsec’d. Notes, 144A | 4.500 | 11/29/32 | EUR | 100 | 114,373 |
CCO Holdings LLC/CCO Holdings Capital Corp., | |||||
Sr. Unsec’d. Notes, 144A | 4.250 | 02/01/31 | 50 | 42,136 | |
Sr. Unsec’d. Notes, 144A | 5.000 | 02/01/28 | 75 | 70,777 | |
CDW LLC/CDW Finance Corp., Gtd. Notes | 2.670 | 12/01/26 | 100 | 93,621 | |
CF Industries, Inc., | |||||
Gtd. Notes | 4.950 | 06/01/43 | 40 | 36,630 | |
Gtd. Notes | 5.375 | 03/15/44 | 40 | 38,452 | |
Chart Industries, Inc., Sr. Sec’d. Notes, 144A | 7.500 | 01/01/30 | 75 | 77,181 | |
Charter Communications Operating LLC/Charter Communications Operating Capital, | |||||
Sr. Sec’d. Notes | 2.300 | 02/01/32 | 40 | 31,268 | |
Sr. Sec’d. Notes | 3.900 | 06/01/52 | 135 | 88,401 | |
Sr. Sec’d. Notes | 6.384 | 10/23/35 | 100 | 100,800 | |
Cigna Group (The), Sr. Unsec’d. Notes | 2.400 | 03/15/30 | 25 | 21,831 | |
Citigroup, Inc., | |||||
Jr. Sub. Notes | 3.875(ff) | 02/18/26(oo) | 150 | 138,475 |
16
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Citigroup, Inc., (cont’d.) | |||||
Sr. Unsec’d. Notes | 1.462 %(ff) | 06/09/27 | 300 | $275,551 | |
Sr. Unsec’d. Notes | 2.520(ff) | 11/03/32 | 35 | 28,946 | |
Sr. Unsec’d. Notes | 2.561(ff) | 05/01/32 | 100 | 83,650 | |
Sr. Unsec’d. Notes | 3.106(ff) | 04/08/26 | 300 | 292,421 | |
Sub. Notes | 6.174(ff) | 05/25/34 | 35 | 36,318 | |
CNA Financial Corp., Sr. Unsec’d. Notes | 3.900 | 05/01/29 | 100 | 95,643 | |
Columbia Pipelines Operating Co. LLC, Sr. Unsec’d. Notes, 144A | 6.036 | 11/15/33 | 70 | 73,498 | |
Comerica, Inc., Sr. Unsec’d. Notes | 5.982(ff) | 01/30/30 | 109 | 108,627 | |
Corebridge Financial, Inc., Sr. Unsec’d. Notes | 3.900 | 04/05/32 | 230 | 207,440 | |
Cox Communications, Inc., Gtd. Notes, 144A | 5.450 | 09/15/28 | 300 | 306,322 | |
CSC Holdings LLC, Sr. Unsec’d. Notes, 144A | 4.625 | 12/01/30 | 200 | 103,267 | |
Dana, Inc., | |||||
Sr. Unsec’d. Notes | 4.500 | 02/15/32 | 50 | 42,927 | |
Sr. Unsec’d. Notes | 5.375 | 11/15/27 | 25 | 24,410 | |
DaVita, Inc., | |||||
Gtd. Notes, 144A | 3.750 | 02/15/31 | 50 | 41,180 | |
Gtd. Notes, 144A | 4.625 | 06/01/30 | 100 | 88,454 | |
Diamond Sports Group LLC/Diamond Sports Finance Co., | |||||
Gtd. Notes, 144A(f) | 6.625 | 08/15/27(d) | 45 | 3,038 | |
Sec’d. Notes, 144A | 5.375 | 08/15/26(d) | 150 | 10,407 | |
Discovery Communications LLC, Gtd. Notes | 5.300 | 05/15/49 | 60 | 51,938 | |
DISH DBS Corp., Gtd. Notes | 7.750 | 07/01/26 | 100 | 59,002 | |
Diversified Healthcare Trust, Gtd. Notes | 9.750 | 06/15/25 | 37 | 36,852 | |
Elevance Health, Inc., Sr. Unsec’d. Notes | 2.875 | 09/15/29 | 100 | 91,261 | |
Endeavor Energy Resources LP/EER Finance, Inc., Sr. Unsec’d. Notes, 144A | 5.750 | 01/30/28 | 75 | 74,634 | |
Energy Transfer LP, | |||||
Jr. Sub. Notes, Series G | 7.125(ff) | 05/15/30(oo) | 100 | 96,670 | |
Jr. Sub. Notes, Series H | 6.500(ff) | 11/15/26(oo) | 50 | 48,329 | |
Sr. Unsec’d. Notes | 6.050 | 12/01/26 | 240 | 246,501 |
17
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Energy Transfer LP, (cont’d.) | |||||
Sr. Unsec’d. Notes | 6.250 % | 04/15/49 | 25 | $25,929 | |
Sr. Unsec’d. Notes | 6.550 | 12/01/33 | 30 | 32,389 | |
Enterprise Products Operating LLC, | |||||
Gtd. Notes | 3.700 | 01/31/51 | 15 | 11,798 | |
Gtd. Notes | 4.450 | 02/15/43 | 20 | 18,180 | |
Fidelity National Information Services, Inc., Sr. Unsec’d. Notes | 1.500 | 05/21/27 | EUR | 100 | 102,169 |
Ford Motor Co., Sr. Unsec’d. Notes | 4.750 | 01/15/43 | 140 | 115,280 | |
Ford Motor Credit Co. LLC, | |||||
Sr. Unsec’d. Notes | 5.800 | 03/05/27 | 200 | 201,193 | |
Sr. Unsec’d. Notes | 6.798 | 11/07/28 | 200 | 208,822 | |
Gen Digital, Inc., Sr. Unsec’d. Notes, 144A | 5.000 | 04/15/25 | 75 | 74,584 | |
General Motors Co., Sr. Unsec’d. Notes | 5.150 | 04/01/38 | 50 | 47,279 | |
General Motors Financial Co., Inc., Sr. Unsec’d. Notes | 2.700 | 06/10/31 | 75 | 62,627 | |
GN Bondco LLC, Sr. Sec’d. Notes, 144A | 9.500 | 10/15/31 | 75 | 73,975 | |
Goldman Sachs Group, Inc. (The), | |||||
Jr. Sub. Notes, Series U | 3.650(ff) | 08/10/26(oo) | 130 | 117,499 | |
Sr. Unsec’d. Notes | 1.542(ff) | 09/10/27 | 300 | 273,666 | |
Sr. Unsec’d. Notes | 1.992(ff) | 01/27/32 | 20 | 16,219 | |
Sr. Unsec’d. Notes | 2.615(ff) | 04/22/32 | 195 | 164,536 | |
Sr. Unsec’d. Notes | 4.482(ff) | 08/23/28 | 375 | 368,883 | |
HCA, Inc., Gtd. Notes | 5.250 | 04/15/25 | 100 | 99,898 | |
Hilcorp Energy I LP/Hilcorp Finance Co., | |||||
Sr. Unsec’d. Notes, 144A | 6.000 | 04/15/30 | 25 | 24,270 | |
Sr. Unsec’d. Notes, 144A | 6.250 | 04/15/32 | 25 | 24,143 | |
Honeywell International, Inc., Sr. Unsec’d. Notes | 3.750 | 05/17/32 | EUR | 100 | 111,001 |
Hunt Cos., Inc., Sr. Sec’d. Notes, 144A | 5.250 | 04/15/29 | 50 | 46,460 | |
Huntington Bancshares, Inc., | |||||
Sr. Unsec’d. Notes | 5.709(ff) | 02/02/35 | 210 | 211,475 | |
Sr. Unsec’d. Notes | 6.208(ff) | 08/21/29 | 50 | 51,664 | |
Jefferies Financial Group, Inc., Sr. Unsec’d. Notes | 2.625 | 10/15/31 | 150 | 124,724 |
18
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
JELD-WEN, Inc., Gtd. Notes, 144A | 4.875 % | 12/15/27 | 50 | $47,676 | |
JPMorgan Chase & Co., | |||||
Jr. Sub. Notes, Series HH | 4.600(ff) | 02/01/25(oo) | 200 | 194,597 | |
Sr. Unsec’d. Notes | 2.069(ff) | 06/01/29 | 190 | 169,315 | |
Sr. Unsec’d. Notes | 2.083(ff) | 04/22/26 | 90 | 86,570 | |
Sr. Unsec’d. Notes | 2.545(ff) | 11/08/32 | 90 | 75,267 | |
Sr. Unsec’d. Notes | 2.580(ff) | 04/22/32 | 105 | 88,958 | |
Sr. Unsec’d. Notes | 3.702(ff) | 05/06/30 | 65 | 61,280 | |
Sr. Unsec’d. Notes | 5.012(ff) | 01/23/30 | 300 | 301,579 | |
Kimco Realty OP LLC, Gtd. Notes | 1.900 | 03/01/28 | 135 | 119,521 | |
Kontoor Brands, Inc., Gtd. Notes, 144A | 4.125 | 11/15/29 | 53 | 48,116 | |
Kraft Heinz Foods Co., Gtd. Notes | 3.000 | 06/01/26 | 93 | 89,321 | |
Lamb Weston Holdings, Inc., Gtd. Notes, 144A | 4.375 | 01/31/32 | 50 | 44,835 | |
M/I Homes, Inc., Gtd. Notes | 4.950 | 02/01/28 | 50 | 47,862 | |
Marathon Petroleum Corp., Sr. Unsec’d. Notes | 6.500 | 03/01/41 | 50 | 54,481 | |
Marriott International, Inc., Sr. Unsec’d. Notes, Series HH | 2.850 | 04/15/31 | 75 | 65,068 | |
Masonite International Corp., Gtd. Notes, 144A | 3.500 | 02/15/30 | 50 | 43,125 | |
Medline Borrower LP, Sr. Sec’d. Notes, 144A | 3.875 | 04/01/29 | 75 | 67,914 | |
Morgan Stanley, | |||||
Sr. Unsec’d. Notes | 0.406(ff) | 10/29/27 | EUR | 200 | 198,775 |
Sr. Unsec’d. Notes | 1.593(ff) | 05/04/27 | 110 | 101,840 | |
Sr. Unsec’d. Notes | 5.173(ff) | 01/16/30 | 180 | 181,451 | |
Sr. Unsec’d. Notes, EMTN | 7.500 | 12/15/27 | MXN | 1,000 | 53,726 |
Sr. Unsec’d. Notes, GMTN | 2.239(ff) | 07/21/32 | 50 | 40,874 | |
Sr. Unsec’d. Notes, MTN | 1.928(ff) | 04/28/32 | 180 | 145,220 | |
MPLX LP, | |||||
Sr. Unsec’d. Notes | 4.000 | 03/15/28 | 25 | 24,208 | |
Sr. Unsec’d. Notes | 4.950 | 09/01/32 | 450 | 439,260 | |
Nationstar Mortgage Holdings, Inc., | |||||
Gtd. Notes, 144A | 5.500 | 08/15/28 | 15 | 14,280 | |
Gtd. Notes, 144A | 6.000 | 01/15/27 | 35 | 34,468 |
19
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
NRG Energy, Inc., | |||||
Gtd. Notes | 5.750 % | 01/15/28 | 53 | $52,445 | |
Jr. Sub. Notes, 144A | 10.250(ff) | 03/15/28(oo) | 25 | 26,324 | |
OneMain Finance Corp., Gtd. Notes | 4.000 | 09/15/30 | 25 | 21,134 | |
ONEOK, Inc., | |||||
Gtd. Notes | 5.550 | 11/01/26 | 100 | 101,689 | |
Gtd. Notes | 5.650 | 11/01/28 | 65 | 67,024 | |
Gtd. Notes | 6.050 | 09/01/33 | 250 | 262,375 | |
Pactiv Evergreen Group Issuer LLC/Pactiv Evergreen Group Issuer, Inc., Sr. Sec’d. Notes, 144A | 4.375 | 10/15/28 | 25 | 23,324 | |
Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC, Sr. Sec’d. Notes, 144A | 4.000 | 10/15/27 | 75 | 69,972 | |
Penn Entertainment, Inc., Sr. Unsec’d. Notes, 144A | 5.625 | 01/15/27 | 75 | 72,464 | |
Permian Resources Operating LLC, Gtd. Notes, 144A | 8.000 | 04/15/27 | 75 | 77,668 | |
PNC Financial Services Group, Inc. (The), | |||||
Sr. Unsec’d. Notes | 5.300(ff) | 01/21/28 | 25 | 25,220 | |
Sr. Unsec’d. Notes | 6.875(ff) | 10/20/34 | 90 | 100,221 | |
Post Holdings, Inc., Sr. Unsec’d. Notes, 144A | 4.500 | 09/15/31 | 50 | 44,895 | |
Realty Income Corp., | |||||
Sr. Unsec’d. Notes | 2.200 | 06/15/28 | 5 | 4,497 | |
Sr. Unsec’d. Notes | 2.850 | 12/15/32 | 5 | 4,217 | |
Sr. Unsec’d. Notes | 4.875 | 07/06/30 | EUR | 200 | 227,284 |
Smyrna Ready Mix Concrete LLC, Sr. Sec’d. Notes, 144A | 6.000 | 11/01/28 | 60 | 58,649 | |
Southwest Airlines Co., Sr. Unsec’d. Notes | 5.125 | 06/15/27 | 180 | 181,250 | |
Southwestern Energy Co., Gtd. Notes | 5.375 | 02/01/29 | 75 | 73,372 | |
Standard Industries, Inc., Sr. Unsec’d. Notes, 144A | 4.375 | 07/15/30 | 25 | 22,718 | |
Stryker Corp., Sr. Unsec’d. Notes | 2.625 | 11/30/30 | EUR | 100 | 104,286 |
Suburban Propane Partners LP/Suburban Energy Finance Corp., Sr. Unsec’d. Notes | 5.875 | 03/01/27 | 50 | 49,672 |
20
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., Gtd. Notes, 144A | 5.500 % | 01/15/28 | 50 | $47,804 | |
Targa Resources Corp., Gtd. Notes | 4.200 | 02/01/33 | 40 | 36,569 | |
Taylor Morrison Communities, Inc., | |||||
Gtd. Notes, 144A | 5.875 | 06/15/27 | 25 | 25,001 | |
Sr. Unsec’d. Notes, 144A | 5.125 | 08/01/30 | 10 | 9,551 | |
Tenet Healthcare Corp., Gtd. Notes | 6.125 | 10/01/28 | 50 | 49,709 | |
Thermo Fisher Scientific, Inc., Sr. Unsec’d. Notes | 3.650 | 11/21/34 | EUR | 100 | 110,742 |
T-Mobile USA, Inc., | |||||
Gtd. Notes | 4.375 | 04/15/40 | 30 | 27,062 | |
Gtd. Notes | 4.500 | 04/15/50 | 40 | 34,995 | |
Tri Pointe Homes, Inc., Gtd. Notes | 5.700 | 06/15/28 | 50 | 49,309 | |
Truist Financial Corp., | |||||
Sr. Unsec’d. Notes, MTN | 5.435(ff) | 01/24/30 | 120 | 121,061 | |
Sr. Unsec’d. Notes, MTN | 5.867(ff) | 06/08/34 | 25 | 25,560 | |
Sr. Unsec’d. Notes, MTN | 7.161(ff) | 10/30/29 | 90 | 97,137 | |
U.S. Bancorp, Jr. Sub. Notes | 3.700(ff) | 01/15/27(oo) | 200 | 173,248 | |
UGI International LLC, Gtd. Notes, 144A | 2.500 | 12/01/29 | EUR | 150 | 143,072 |
United Airlines 2019-2 Class AA Pass-Through Trust, Pass-Through Certificates | 2.700 | 11/01/33 | 21 | 17,753 | |
United Airlines, Inc., | |||||
Sr. Sec’d. Notes, 144A | 4.375 | 04/15/26 | 60 | 57,932 | |
Sr. Sec’d. Notes, 144A | 4.625 | 04/15/29 | 10 | 9,263 | |
United Rentals North America, Inc., Gtd. Notes | 5.250 | 01/15/30 | 60 | 58,947 | |
Univision Communications, Inc., Sr. Sec’d. Notes, 144A | 8.000 | 08/15/28 | 30 | 30,504 | |
US Bancorp, Sr. Unsec’d. Notes | 5.384(ff) | 01/23/30 | 130 | 131,508 | |
Vector Group Ltd., Sr. Sec’d. Notes, 144A | 5.750 | 02/01/29 | 125 | 115,321 | |
Ventas Realty LP, Gtd. Notes | 2.500 | 09/01/31 | 130 | 106,892 | |
Venture Global Calcasieu Pass LLC, | |||||
Sr. Sec’d. Notes, 144A | 3.875 | 08/15/29 | 5 | 4,467 |
21
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Venture Global Calcasieu Pass LLC, (cont’d.) | |||||
Sr. Sec’d. Notes, 144A | 4.125 % | 08/15/31 | 5 | $4,426 | |
Verizon Communications, Inc., | |||||
Sr. Unsec’d. Notes | 2.550 | 03/21/31 | 31 | 26,650 | |
Sr. Unsec’d. Notes | 2.650 | 11/20/40 | 45 | 32,217 | |
Sr. Unsec’d. Notes | 3.400 | 03/22/41 | 20 | 15,812 | |
Viatris, Inc., | |||||
Gtd. Notes | 3.850 | 06/22/40 | 110 | 83,235 | |
Gtd. Notes | 4.000 | 06/22/50 | 10 | 7,073 | |
VICI Properties LP, Sr. Unsec’d. Notes | 4.950 | 02/15/30 | 160 | 155,181 | |
Vistra Corp., | |||||
Jr. Sub. Notes, 144A | 7.000(ff) | 12/15/26(oo) | 25 | 24,363 | |
Jr. Sub. Notes, 144A | 8.000(ff) | 10/15/26(oo) | 125 | 125,444 | |
Vistra Operations Co. LLC, | |||||
Gtd. Notes, 144A | 5.000 | 07/31/27 | 45 | 43,586 | |
Gtd. Notes, 144A | 5.625 | 02/15/27 | 75 | 73,953 | |
Warnermedia Holdings, Inc., | |||||
Gtd. Notes | 3.755 | 03/15/27 | 100 | 96,051 | |
Gtd. Notes | 5.050 | 03/15/42 | 65 | 57,623 | |
Gtd. Notes | 5.141 | 03/15/52 | 130 | 111,871 | |
Wells Fargo & Co., | |||||
Sr. Unsec’d. Notes, MTN | 2.164(ff) | 02/11/26 | 85 | 82,120 | |
Sr. Unsec’d. Notes, MTN | 2.879(ff) | 10/30/30 | 130 | 115,754 | |
Sr. Unsec’d. Notes, MTN | 5.198(ff) | 01/23/30 | 240 | 241,722 | |
Welltower OP LLC, | |||||
Gtd. Notes | 2.050 | 01/15/29 | 50 | 43,920 | |
Gtd. Notes | 3.100 | 01/15/30 | 70 | 63,392 | |
Williams Cos., Inc. (The), Sr. Unsec’d. Notes | 3.500 | 10/15/51 | 30 | 21,690 | |
WPC Eurobond BV, Gtd. Notes | 0.950 | 06/01/30 | EUR | 100 | 89,669 |
XPO, Inc., Gtd. Notes, 144A | 7.125 | 02/01/32 | 25 | 25,499 | |
17,625,624 | |||||
Total Corporate Bonds (cost $42,316,947) | 39,468,909 |
22
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Floating Rate and Other Loans 0.0% | |||||
Jamaica 0.0% | |||||
Digicel International Finance Ltd., Term Loan, 3 Month SOFR + 6.750% | 12.063 %(c) | 05/29/27 | 10 | $9,322 | |
United States 0.0% | |||||
Diamond Sports Group LLC, | |||||
First Lien Term Loan, 1 Month SOFR + 10.100% | 12.775(c) | 05/25/26 | 5 | 5,040 | |
Second Lien Term Loan | 8.175(c) | 08/24/26 | 149 | 9,691 | |
14,731 | |||||
Total Floating Rate and Other Loans (cost $70,269) | 24,053 | ||||
Municipal Bond 0.1% | |||||
Puerto Rico | |||||
Commonwealth of Puerto Rico, General Obligation, Sub-Series C (cost $150,612) | 0.000(cc) | 11/01/43 | 265 | 147,115 | |
Residential Mortgage-Backed Securities 1.9% | |||||
United States | |||||
Connecticut Avenue Securities Trust, | |||||
Series 2022-R03, Class 1B1, 144A, 30 Day Average SOFR + 6.250% (Cap N/A, Floor 0.000%) | 11.595(c) | 03/25/42 | 25 | 27,826 | |
Series 2022-R04, Class 1B1, 144A, 30 Day Average SOFR + 5.250% (Cap N/A, Floor 0.000%) | 10.595(c) | 03/25/42 | 20 | 21,649 | |
Series 2023-R05, Class 1M2, 144A, 30 Day Average SOFR + 3.100% (Cap N/A, Floor 3.100%) | 8.444(c) | 06/25/43 | 100 | 105,168 | |
Series 2023-R06, Class 1M2, 144A, 30 Day Average SOFR + 2.700% (Cap N/A, Floor 0.000%) | 8.045(c) | 07/25/43 | 100 | 103,914 | |
Series 2023-R08, Class 1M2, 144A, 30 Day Average SOFR + 2.500% (Cap N/A, Floor 0.000%) | 7.845(c) | 10/25/43 | 30 | 31,004 | |
Eagle Re Ltd., Series 2023-01, Class M1A, 144A, 30 Day Average SOFR + 2.000% (Cap N/A, Floor 2.000%) | 7.345(c) | 09/26/33 | 150 | 150,494 | |
FHLMC Structured Agency Credit Risk REMIC Trust, | |||||
Series 2020-HQA05, Class B1, 144A, 30 Day Average SOFR + 4.000% (Cap N/A, Floor 0.000%) | 9.345(c) | 11/25/50 | 35 | 38,691 | |
Series 2020-HQA05, Class M2, 144A, 30 Day Average SOFR + 2.600% (Cap N/A, Floor 0.000%) | 7.945(c) | 11/25/50 | 74 | 75,450 |
23
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (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-DNA01, Class B1, 144A, 30 Day Average SOFR + 2.650% (Cap N/A, Floor 0.000%) | 7.995 %(c) | 01/25/51 | 10 | $10,406 | |
Series 2021-DNA01, Class M2, 144A, 30 Day Average SOFR + 1.800% (Cap N/A, Floor 0.000%) | 7.145(c) | 01/25/51 | 52 | 52,984 | |
Series 2021-DNA03, Class B1, 144A, 30 Day Average SOFR + 3.500% (Cap N/A, Floor 0.000%) | 8.845(c) | 10/25/33 | 45 | 49,416 | |
Series 2021-DNA03, Class M2, 144A, 30 Day Average SOFR + 2.100% (Cap N/A, Floor 0.000%) | 7.445(c) | 10/25/33 | 110 | 111,307 | |
Series 2021-DNA05, Class M2, 144A, 30 Day Average SOFR + 1.650% (Cap N/A, Floor 0.000%) | 6.995(c) | 01/25/34 | 12 | 12,250 | |
Series 2021-HQA03, Class M2, 144A, 30 Day Average SOFR + 2.100% (Cap N/A, Floor 0.000%) | 7.445(c) | 09/25/41 | 70 | 70,304 | |
Series 2022-DNA01, Class M1B, 144A, 30 Day Average SOFR + 1.850% (Cap N/A, Floor 0.000%) | 7.195(c) | 01/25/42 | 100 | 100,188 | |
Series 2022-DNA03, Class M1B, 144A, 30 Day Average SOFR + 2.900% (Cap N/A, Floor 0.000%) | 8.245(c) | 04/25/42 | 140 | 145,250 | |
GCAT Asset-Backed Notes, Series 2021-01, Class A1, 144A | 2.487 | 11/25/49 | 126 | 120,310 | |
Legacy Mortgage Asset Trust, | |||||
Series 2019-PR01, Class A1, 144A | 7.858 | 09/25/59 | 47 | 46,684 | |
Series 2020-GS01, Class A1, 144A | 6.882 | 10/25/59 | 59 | 58,801 | |
MFA Trust, Series 2021-RPL01, Class A1, 144A | 1.131(cc) | 07/25/60 | 142 | 126,133 | |
Oaktown Re VII Ltd., Series 2021-02, Class M1A, 144A, 30 Day Average SOFR + 1.600% (Cap N/A, Floor 1.600%) | 6.945(c) | 04/25/34 | 174 | 174,265 | |
PMT Credit Risk Transfer Trust, Series 2023-01R, Class A, 144A, 30 Day Average SOFR + 4.400% (Cap N/A, Floor 0.000%) | 9.743(c) | 03/27/25 | 183 | 185,488 | |
PNMAC GMSR Issuer Trust, Series 2018-GT02, Class A, 144A, 1 Month SOFR + 3.515% (Cap N/A, Floor 0.115%) | 8.851(c) | 08/25/25 | 65 | 65,712 | |
Radnor Re Ltd., Series 2023-01, Class M1A, 144A, 30 Day Average SOFR + 2.700% (Cap N/A, Floor 2.700%) | 8.045(c) | 07/25/33 | 150 | 151,107 | |
Total Residential Mortgage-Backed Securities (cost $2,018,825) | 2,034,801 |
24
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds 21.3% | |||||
Andorra 0.2% | |||||
Andorra International Bond, Sr. Unsec’d. Notes, EMTN | 1.250 % | 05/06/31 | EUR | 200 | $184,173 |
Austria 0.2% | |||||
Republic of Austria Government International Bond, Sr. Unsec’d. Notes, 144A, MTN | 5.375 | 12/01/34 | CAD | 280 | 228,124 |
Brazil 0.8% | |||||
Brazil Minas SPE via State of Minas Gerais, Gov’t. Gtd. Notes | 5.333 | 02/15/28 | 846 | 833,545 | |
Bulgaria 0.3% | |||||
Bulgaria Government International Bond, | |||||
Sr. Unsec’d. Notes | 1.375 | 09/23/50 | EUR | 100 | 65,112 |
Sr. Unsec’d. Notes | 4.125 | 09/23/29 | EUR | 100 | 110,907 |
Sr. Unsec’d. Notes, GMTN | 3.125 | 03/26/35 | EUR | 100 | 99,019 |
275,038 | |||||
Canada 0.1% | |||||
Province of British Columbia, Unsec’d. Notes | 2.950 | 06/18/50 | CAD | 65 | 38,582 |
Province of Nova Scotia, Unsec’d. Notes | 3.450 | 06/01/45 | CAD | 50 | 32,353 |
Province of Saskatchewan, Unsec’d. Notes | 3.300 | 06/02/48 | CAD | 100 | 63,142 |
134,077 | |||||
Chile 0.1% | |||||
Chile Government International Bond, Sr. Unsec’d. Notes | 1.440 | 02/01/29 | EUR | 115 | 112,629 |
China 0.8% | |||||
China Government Bond, | |||||
Sr. Unsec’d. Notes | 3.600 | 06/27/28 | CNH | 2,000 | 288,632 |
Sr. Unsec’d. Notes | 3.950 | 06/29/43 | CNH | 1,500 | 228,992 |
Sr. Unsec’d. Notes | 4.000 | 11/30/35 | CNH | 500 | 75,886 |
Sr. Unsec’d. Notes | 4.400 | 12/12/46 | CNH | 500 | 81,766 |
25
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
China (cont’d.) | |||||
China Government International Bond, Sr. Unsec’d. Notes | 0.250 % | 11/25/30 | EUR | 100 | $89,450 |
Export-Import Bank of China (The), Sr. Unsec’d. Notes | 4.400 | 05/14/24 | CNH | 1,000 | 139,815 |
904,541 | |||||
Colombia 0.8% | |||||
Colombia Government International Bond, | |||||
Sr. Unsec’d. Notes | 3.000 | 01/30/30 | 200 | 165,600 | |
Sr. Unsec’d. Notes | 9.850 | 06/28/27 | COP | 200,000 | 49,147 |
Sr. Unsec’d. Notes, EMTN | 3.875 | 03/22/26 | EUR | 600 | 635,452 |
850,199 | |||||
Croatia 0.4% | |||||
Croatia Government International Bond, | |||||
Sr. Unsec’d. Notes | 1.125 | 06/19/29 | EUR | 200 | 195,931 |
Sr. Unsec’d. Notes | 1.125 | 03/04/33 | EUR | 300 | 270,513 |
466,444 | |||||
Cyprus 0.8% | |||||
Cyprus Government International Bond, | |||||
Sr. Unsec’d. Notes, EMTN | 0.625 | 01/21/30 | EUR | 100 | 94,443 |
Sr. Unsec’d. Notes, EMTN | 0.950 | 01/20/32 | EUR | 300 | 276,700 |
Sr. Unsec’d. Notes, EMTN | 1.250 | 01/21/40 | EUR | 20 | 15,434 |
Sr. Unsec’d. Notes, EMTN | 2.375 | 09/25/28 | EUR | 100 | 105,623 |
Sr. Unsec’d. Notes, EMTN | 2.750 | 06/27/24 | EUR | 100 | 107,599 |
Sr. Unsec’d. Notes, EMTN | 2.750 | 02/26/34 | EUR | 200 | 207,283 |
Sr. Unsec’d. Notes, EMTN | 2.750 | 05/03/49 | EUR | 30 | 26,609 |
Sr. Unsec’d. Notes, EMTN | 4.250 | 11/04/25 | EUR | 50 | 55,246 |
888,937 | |||||
Denmark 0.0% | |||||
Denmark Government Bond, Bonds, Series 30YR | 0.250 | 11/15/52 | DKK | 300 | 23,828 |
Dominican Republic 0.1% | |||||
Dominican Republic International Bond, Sr. Unsec’d. Notes | 5.950 | 01/25/27 | 100 | 100,050 |
26
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Estonia 0.2% | |||||
Estonia Government International Bond, Sr. Unsec’d. Notes | 4.000 % | 10/12/32 | EUR | 200 | $228,825 |
France 0.1% | |||||
Caisse Francaise de Financement Local, Covered Bonds, EMTN | 4.680 | 03/09/29 | CAD | 200 | 150,340 |
Germany 0.2% | |||||
Bundesrepublik Deutschland Bundesanleihe, | |||||
Bonds(k) | 0.000 | 08/15/31 | EUR | 100 | 92,938 |
Bonds | 1.700 | 08/15/32 | EUR | 110 | 115,485 |
208,423 | |||||
Greece 2.2% | |||||
Hellenic Republic Government Bond, | |||||
Bonds | 4.300 | 02/24/24 | EUR | 21 | 22,025 |
Bonds | 4.300 | 02/24/25 | EUR | 13 | 14,130 |
Bonds | 4.300 | 02/24/26 | EUR | 34 | 36,213 |
Bonds | 4.300 | 02/24/27 | EUR | 145 | 156,371 |
Bonds | 4.300 | 02/24/28 | EUR | 42 | 45,144 |
Bonds | 4.300 | 02/24/29 | EUR | 25 | 27,101 |
Bonds | 4.300 | 02/24/30 | EUR | 10 | 10,809 |
Bonds | 4.300 | 02/24/31 | EUR | 23 | 24,792 |
Bonds | 4.300 | 02/24/32 | EUR | 24 | 25,745 |
Bonds | 4.300 | 02/24/33 | EUR | 46 | 48,775 |
Bonds | 4.300 | 02/24/34 | EUR | 22 | 23,285 |
Bonds | 4.300 | 02/24/35 | EUR | 33 | 34,897 |
Bonds | 4.300 | 02/24/36 | EUR | 24 | 24,675 |
Bonds | 4.300 | 02/24/37 | EUR | 16 | 16,992 |
Bonds | 4.300 | 02/24/38 | EUR | 15 | 15,899 |
Bonds | 4.300 | 02/24/39 | EUR | 23 | 24,194 |
Bonds | 4.300 | 02/24/40 | EUR | 23 | 22,278 |
Bonds | 4.300 | 02/24/41 | EUR | 23 | 22,007 |
Bonds | 4.300 | 02/24/42 | EUR | 37 | 38,768 |
Bonds, 144A | 0.750 | 06/18/31 | EUR | 500 | 460,239 |
Sr. Unsec’d. Notes, 144A | 1.875 | 02/04/35 | EUR | 1,019 | 948,792 |
Sr. Unsec’d. Notes, 144A | 1.875 | 01/24/52 | EUR | 345 | 258,661 |
Hellenic Republic Government International Bond, Sr. Unsec’d. Notes | 5.200 | 07/17/34 | EUR | 55 | 65,204 |
2,366,996 |
27
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Hong Kong 0.3% | |||||
Airport Authority, Sr. Unsec’d. Notes, 144A | 2.500 % | 01/12/32 | 245 | $210,166 | |
Hong Kong Government International Bond, Sr. Unsec’d. Notes, GMTN | 1.000 | 11/24/41 | EUR | 200 | 141,572 |
351,738 | |||||
Hungary 0.3% | |||||
Hungary Government International Bond, | |||||
Sr. Unsec’d. Notes | 1.750 | 10/10/27 | EUR | 100 | 100,944 |
Sr. Unsec’d. Notes | 1.750 | 06/05/35 | EUR | 100 | 80,917 |
Sr. Unsec’d. Notes, 144A | 2.125 | 09/22/31 | 200 | 159,000 | |
340,861 | |||||
Iceland 0.1% | |||||
Iceland Government International Bond, Sr. Unsec’d. Notes | 0.000 | 04/15/28 | EUR | 100 | 94,574 |
India 0.1% | |||||
Export-Import Bank of India, Sr. Unsec’d. Notes, EMTN | 3.450 | 06/25/26 | CNH | 1,000 | 138,074 |
Indonesia 1.2% | |||||
Indonesia Government International Bond, | |||||
Sr. Unsec’d. Notes | 0.900 | 02/14/27 | EUR | 100 | 99,424 |
Sr. Unsec’d. Notes | 1.100 | 03/12/33 | EUR | 300 | 256,126 |
Sr. Unsec’d. Notes | 1.300 | 03/23/34 | EUR | 300 | 254,100 |
Sr. Unsec’d. Notes | 1.450 | 09/18/26 | EUR | 100 | 101,991 |
Sr. Unsec’d. Notes | 1.750 | 04/24/25 | EUR | 200 | 210,146 |
Sr. Unsec’d. Notes | 3.375 | 07/30/25 | EUR | 100 | 107,116 |
Sr. Unsec’d. Notes, EMTN | 3.750 | 06/14/28 | EUR | 200 | 216,951 |
1,245,854 | |||||
Israel 0.4% | |||||
Israel Government Bond - Fixed, Bonds, Series 0537 | 1.500 | 05/31/37 | ILS | 300 | 57,556 |
Israel Government International Bond, | |||||
Sr. Unsec’d. Notes, EMTN | 1.500 | 01/18/27 | EUR | 100 | 99,726 |
Sr. Unsec’d. Notes, EMTN | 1.500 | 01/16/29 | EUR | 270 | 256,824 |
414,106 |
28
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Italy 2.6% | |||||
Italy Buoni Poliennali Del Tesoro, | |||||
Sr. Unsec’d. Notes, Series 10Y, 144A | 0.950 % | 12/01/31 | EUR | 100 | $89,884 |
Sr. Unsec’d. Notes, Series 16YR, 144A | 1.450 | 03/01/36 | EUR | 250 | 207,527 |
Sr. Unsec’d. Notes, Series 21YR, 144A | 1.800 | 03/01/41 | EUR | 715 | 554,474 |
Sr. Unsec’d. Notes, Series 26YR, 144A | 3.350 | 03/01/35 | EUR | 335 | 347,169 |
Sr. Unsec’d. Notes, Series 31Y, 144A | 1.700 | 09/01/51 | EUR | 150 | 98,230 |
Sr. Unsec’d. Notes, Series 50YR, 144A | 2.800 | 03/01/67 | EUR | 105 | 81,985 |
Region of Lazio, Sr. Unsec’d. Notes | 3.088 | 03/31/43 | EUR | 167 | 162,539 |
Repubic of Italy Government International Bond Coupon Strips, Sr. Unsec’d. Notes | 1.737(n) | 02/20/31 | EUR | 85 | 71,721 |
Republic of Italy Government International Bond, | |||||
Sr. Unsec’d. Notes | 2.875 | 10/17/29 | 200 | 179,341 | |
Sr. Unsec’d. Notes, EMTN | 5.200 | 07/31/34 | EUR | 300 | 351,696 |
Sr. Unsec’d. Notes, EMTN | 5.345 | 01/27/48 | EUR | 50 | 57,955 |
Sr. Unsec’d. Notes, EMTN | 6.000 | 08/04/28 | GBP | 100 | 131,505 |
Sr. Unsec’d. Notes, MTN | 5.125 | 07/31/24 | EUR | 350 | 379,456 |
Sr. Unsec’d. Notes, MTN | 5.375 | 06/15/33 | 100 | 100,073 | |
2,813,555 | |||||
Kazakhstan 0.3% | |||||
Kazakhstan Government International Bond, | |||||
Sr. Unsec’d. Notes, EMTN | 0.600 | 09/30/26 | EUR | 200 | 200,267 |
Sr. Unsec’d. Notes, EMTN | 2.375 | 11/09/28 | EUR | 115 | 119,076 |
319,343 | |||||
Latvia 0.3% | |||||
Latvia Government International Bond, Sr. Unsec’d. Notes, GMTN | 0.250 | 01/23/30 | EUR | 300 | 270,284 |
Lithuania 0.2% | |||||
Lithuania Government International Bond, Sr. Unsec’d. Notes, EMTN | 2.125 | 10/22/35 | EUR | 200 | 188,258 |
Mexico 1.1% | |||||
Mexico Government International Bond, | |||||
Sr. Unsec’d. Notes | 2.375 | 02/11/30 | EUR | 100 | 98,479 |
Sr. Unsec’d. Notes | 2.875 | 04/08/39 | EUR | 200 | 169,940 |
Sr. Unsec’d. Notes, EMTN | 1.750 | 04/17/28 | EUR | 100 | 99,911 |
29
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Mexico (cont’d.) | |||||
Mexico Government International Bond, (cont’d.) | |||||
Sr. Unsec’d. Notes, GMTN | 6.750 % | 02/06/24 | GBP | 100 | $126,705 |
Sr. Unsec’d. Notes, Series 19 | 1.440 | 07/24/24 | JPY | 100,000 | 681,094 |
1,176,129 | |||||
New Zealand 0.1% | |||||
New Zealand Local Government Funding Agency Bond, Local Gov’t. Gtd. Notes | 3.500 | 04/14/33 | NZD | 100 | 53,446 |
Panama 0.3% | |||||
Panama Government International Bond, | |||||
Sr. Unsec’d. Notes | 3.160 | 01/23/30 | 200 | 167,100 | |
Sr. Unsec’d. Notes | 3.875 | 03/17/28 | 200 | 182,600 | |
349,700 | |||||
Peru 0.4% | |||||
Peru Government Bond, Sr. Unsec’d. Notes | 6.150 | 08/12/32 | PEN | 30 | 7,737 |
Peruvian Government International Bond, | |||||
Sr. Unsec’d. Notes | 1.250 | 03/11/33 | EUR | 105 | 88,793 |
Sr. Unsec’d. Notes | 2.750 | 01/30/26 | EUR | 300 | 318,212 |
Sr. Unsec’d. Notes | 6.900 | 08/12/37 | PEN | 100 | 26,528 |
441,270 | |||||
Philippines 0.5% | |||||
Philippine Government International Bond, | |||||
Sr. Unsec’d. Notes | 0.700 | 02/03/29 | EUR | 500 | 470,023 |
Sr. Unsec’d. Notes | 1.750 | 04/28/41 | EUR | 100 | 75,244 |
545,267 | |||||
Portugal 0.9% | |||||
Portugal Obrigacoes do Tesouro OT, | |||||
Sr. Unsec’d. Notes, 144A | 0.300 | 10/17/31 | EUR | 200 | 181,134 |
Sr. Unsec’d. Notes, 144A | 0.900 | 10/12/35 | EUR | 150 | 128,378 |
Sr. Unsec’d. Notes, 144A | 1.000 | 04/12/52 | EUR | 260 | 156,836 |
Sr. Unsec’d. Notes, 144A | 1.150 | 04/11/42 | EUR | 85 | 64,459 |
Sr. Unsec’d. Notes, 144A | 4.100 | 04/15/37 | EUR | 195 | 232,375 |
30
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Portugal (cont’d.) | |||||
Portugal Obrigacoes do Tesouro OT, (cont’d.) | |||||
Sr. Unsec’d. Notes, 144A | 4.100 % | 02/15/45 | EUR | 135 | $160,342 |
Sr. Unsec’d. Notes, Series 15YR, 144A | 2.250 | 04/18/34 | EUR | 50 | 51,005 |
974,529 | |||||
Qatar 0.2% | |||||
Qatar Government International Bond, Sr. Unsec’d. Notes, 144A | 3.400 | 04/16/25 | 200 | 196,000 | |
Romania 0.5% | |||||
Romanian Government International Bond, | |||||
Sr. Unsec’d. Notes, 144A, MTN | 2.125 | 03/07/28 | EUR | 180 | 177,262 |
Sr. Unsec’d. Notes, EMTN | 1.750 | 07/13/30 | EUR | 200 | 176,640 |
Sr. Unsec’d. Notes, EMTN | 3.500 | 04/03/34 | EUR | 50 | 45,930 |
Sr. Unsec’d. Notes, EMTN | 3.875 | 10/29/35 | EUR | 100 | 91,762 |
Unsec’d. Notes, 144A, MTN | 2.124 | 07/16/31 | EUR | 50 | 43,517 |
535,111 | |||||
Saudi Arabia 0.3% | |||||
Saudi Government International Bond, Sr. Unsec’d. Notes | 2.000 | 07/09/39 | EUR | 425 | 346,770 |
Serbia 0.7% | |||||
Serbia International Bond, | |||||
Sr. Unsec’d. Notes | 1.650 | 03/03/33 | EUR | 100 | 79,297 |
Sr. Unsec’d. Notes | 3.125 | 05/15/27 | EUR | 250 | 258,017 |
Sr. Unsec’d. Notes, 144A | 2.125 | 12/01/30 | 200 | 159,500 | |
Sr. Unsec’d. Notes, EMTN | 2.050 | 09/23/36 | EUR | 300 | 224,110 |
720,924 | |||||
Singapore 0.0% | |||||
Singapore Government Bond, Bonds | 2.750 | 03/01/46 | SGD | 40 | 29,048 |
Slovakia 0.1% | |||||
Slovakia Government Bond, Unsec’d. Notes, Series 242 | 0.375 | 04/21/36 | EUR | 200 | 147,366 |
31
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Slovenia 0.8% | |||||
Slovenia Government Bond, Unsec’d. Notes, Series RS86 | 0.000 % | 02/12/31 | EUR | 300 | $265,654 |
Slovenia Government International Bond, Bonds, 144A | 5.000 | 09/19/33 | 600 | 611,016 | |
876,670 | |||||
South Korea 0.1% | |||||
Export-Import Bank of Korea, Sr. Unsec’d. Notes, EMTN | 3.625 | 09/18/27 | EUR | 100 | 109,956 |
Spain 1.3% | |||||
Autonomous Community of Catalonia, | |||||
Sr. Unsec’d. Notes | 4.220 | 04/26/35 | EUR | 100 | 109,203 |
Sr. Unsec’d. Notes, EMTN | 5.900 | 05/28/30 | EUR | 50 | 59,570 |
Spain Government Bond, | |||||
Sr. Unsec’d. Notes, 144A | 0.500 | 04/30/30 | EUR | 35 | 33,000 |
Sr. Unsec’d. Notes, 144A | 0.500 | 10/31/31 | EUR | 250 | 226,042 |
Sr. Unsec’d. Notes, 144A | 0.850 | 07/30/37 | EUR | 110 | 86,453 |
Sr. Unsec’d. Notes, 144A | 1.000 | 10/31/50 | EUR | 190 | 112,000 |
Sr. Unsec’d. Notes, 144A | 1.850 | 07/30/35 | EUR | 285 | 267,670 |
Sr. Unsec’d. Notes, 144A | 3.450 | 07/30/43 | EUR | 300 | 314,971 |
Sr. Unsec’d. Notes, 144A | 3.450 | 07/30/66 | EUR | 60 | 58,832 |
Spain Government International Bond, Sr. Unsec’d. Notes, EMTN | 5.250 | 04/06/29 | GBP | 100 | 130,703 |
1,398,444 | |||||
Ukraine 0.1% | |||||
Ukraine Government International Bond, Sr. Unsec’d. Notes | 4.375 | 01/27/32(d) | EUR | 281 | 63,468 |
United Arab Emirates 0.2% | |||||
UAE International Government Bond, Sr. Unsec’d. Notes, 144A, MTN | 2.000 | 10/19/31 | 205 | 171,944 | |
United Kingdom 0.6% | |||||
Isle of Man Government International Bond, | |||||
Unsec’d. Notes | 5.375 | 08/14/34 | GBP | 100 | 132,519 |
Unsec’d. Notes | 5.625 | 03/29/30 | GBP | 100 | 134,792 |
32
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
United Kingdom (cont’d.) | |||||
United Kingdom Gilt, Bonds | 4.250 % | 12/07/46 | GBP | 330 | $406,725 |
674,036 | |||||
Uruguay 0.0% | |||||
Uruguay Government International Bond, Sr. Unsec’d. Notes | 4.375 | 10/27/27 | 39 | 39,368 | |
Total Sovereign Bonds (cost $27,110,231) | 22,982,262 | ||||
U.S. Government Agency Obligations 0.1% | |||||
Federal Home Loan Bank | 3.280 | 03/28/29 | USD | 9 | 8,110 |
Tennessee Valley Authority Sr. Unsec’d. Notes | 5.625 | 06/07/32 | GBP | 100 | 133,827 |
Total U.S. Government Agency Obligations (cost $191,294) | 141,937 | ||||
U.S. Treasury Obligations 15.6% | |||||
U.S. Treasury Bonds(k) | 1.875 | 02/15/41 | 2,255 | 1,596,470 | |
U.S. Treasury Bonds(k) | 2.375 | 05/15/51 | 145 | 100,322 | |
U.S. Treasury Bonds(k) | 2.750 | 08/15/47 | 280 | 213,544 | |
U.S. Treasury Bonds | 3.000 | 02/15/47 | 1,650 | 1,322,836 | |
U.S. Treasury Bonds | 3.000 | 08/15/48 | 2,040 | 1,622,119 | |
U.S. Treasury Bonds | 3.250 | 05/15/42 | 750 | 648,750 | |
U.S. Treasury Bonds | 3.875 | 05/15/43 | 600 | 563,812 | |
U.S. Treasury Bonds(k) | 4.375 | 08/15/43 | 2,635 | 2,654,351 | |
U.S. Treasury Notes(k) | 1.125 | 02/15/31 | 1,490 | 1,242,986 | |
U.S. Treasury Notes | 2.750 | 08/15/32 | 1,280 | 1,169,800 | |
U.S. Treasury Notes | 4.875 | 11/30/25 | 3,956 | 3,996,950 | |
U.S. Treasury Notes | 5.000 | 08/31/25 | 500 | 504,609 | |
U.S. Treasury Notes | 5.000 | 09/30/25 | 1,215 | 1,227,482 | |
Total U.S. Treasury Obligations (cost $17,232,026) | 16,864,031 |
33
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Shares | Value | |||
Common Stock 0.0% | |||||
Jamaica | |||||
Digicel International Finance Ltd.* (cost $12,000) | 9,899 | $17,819 | |||
Preferred Stock 0.0% | |||||
Jamaica | |||||
Digicel International Finance Ltd. *^ (cost $27,720) | 3,189 | 31,890 | |||
Unaffiliated Exchange-Traded Funds 1.0% | |||||
iShares Floating Rate Bond ETF | 13,700 | 697,878 | |||
iShares Preferred & Income Securities ETF | 10,000 | 320,600 | |||
Total Unaffiliated Exchange-Traded Funds (cost $1,011,465) | 1,018,478 | ||||
Total Long-Term Investments (cost $113,998,199) | 106,033,855 | ||||
Short-Term Investment 0.9% | |||||
Affiliated Mutual Fund | |||||
PGIM Core Government Money Market Fund (7-day effective yield 5.560%) (cost $928,651)(wb) | 928,651 | 928,651 | |||
TOTAL INVESTMENTS 99.0% (cost $114,926,850) | 106,962,506 | ||||
Other assets in excess of liabilities(z) 1.0% | 1,128,283 | ||||
Net Assets 100.0% | $108,090,789 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: |
AUD—Australian Dollar | |
CAD—Canadian Dollar | |
CHF—Swiss Franc | |
CLP—Chilean Peso | |
CNH—Chinese Renminbi | |
COP—Colombian Peso | |
CZK—Czech Koruna | |
DKK—Danish Krone | |
EUR—Euro | |
GBP—British Pound | |
HUF—Hungarian Forint | |
IDR—Indonesian Rupiah | |
ILS—Israeli Shekel |
34
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
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 | |
SEK—Swedish Krona | |
SGD—Singapore Dollar | |
THB—Thai Baht | |
TWD—New Taiwanese Dollar |
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 | |
BARC—Barclays Bank PLC | |
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 | |
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 | |
ETF—Exchange-Traded Fund | |
EURIBOR—Euro Interbank Offered Rate | |
EuroSTR—Euro Short-Term Rate | |
FHLMC—Federal Home Loan Mortgage Corporation | |
GMTN—Global Medium Term Note | |
GSI—Goldman Sachs International | |
HICP—Harmonised Index of Consumer Prices | |
HSBC—HSBC Bank PLC | |
ICE—Intercontinental Exchange | |
IO—Interest Only (Principal amount represents notional) | |
JPM—JPMorgan Chase Bank N.A. | |
KLIBOR—Kuala Lumpur Interbank Offered Rate | |
KWCDC—Korean Won Certificate of Deposit | |
LP—Limited Partnership | |
MSI—Morgan Stanley & Co International PLC | |
MTN—Medium Term Note | |
NIBOR—Norwegian Interbank Offered Rate | |
OTC—Over-the-counter | |
PIK—Payment-in-Kind |
35
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
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 | |
SARON—Swiss Average Rate Overnight | |
SCB—Standard Chartered Bank | |
SOFR—Secured Overnight Financing Rate | |
SONIA—Sterling Overnight Index Average | |
SORA—Singapore Overnight Rate Average | |
SSB—State Street Bank & Trust Company | |
STIBOR—Stockholm Interbank Offered Rate | |
T—Swap payment upon termination | |
TAIBOR—Taiwan Interbank Offered Rate | |
THOR—Thai Overnight Repurchase Rate | |
TONAR—Tokyo Overnight Average Rate | |
USOIS—United States Overnight Index Swap | |
WIBOR—Warsaw Interbank Offered Rate |
* | Non-income producing security. |
# | Principal or notional amount is shown in U.S. dollars unless otherwise stated. |
^ | Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $79,292 and 0.1% of net assets. |
(c) | Variable rate instrument. The interest rate shown reflects the rate in effect at January 31, 2024. |
(cc) | Variable rate instrument. The rate shown is based on the latest available information as of January 31, 2024. 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 $—. The aggregate value of $3,038 is 0.0% 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. |
(k) | Represents security, or a portion thereof, segregated as collateral for centrally cleared/exchange-traded derivatives. |
(n) | Rate shown reflects yield to maturity at purchased date. |
(oo) | Perpetual security. Maturity date represents next call date. |
(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. |
(wb) | Represents an investment in a Fund affiliated with the Manager. |
(z) | Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments: |
Futures contracts outstanding at January 31, 2024: | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Long Positions: | ||||||||
18 | 3 Month CME SOFR | Jun. 2024 | $4,271,175 | $(1,444) | ||||
18 | 3 Month CME SOFR | Sep. 2024 | 4,292,550 | 99 | ||||
18 | 3 Month CME SOFR | Dec. 2024 | 4,311,675 | 753 |
36
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Futures contracts outstanding at January 31, 2024 (continued): | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Long Positions (cont’d): | ||||||||
47 | 2 Year U.S. Treasury Notes | Mar. 2024 | $9,665,844 | $(323) | ||||
3 | 5 Year Euro-Bobl | Mar. 2024 | 384,286 | 1,532 | ||||
15 | 10 Year U.S. Treasury Notes | Mar. 2024 | 1,684,922 | 9,511 | ||||
27 | 10 Year U.S. Ultra Treasury Notes | Mar. 2024 | 3,155,625 | 6,619 | ||||
16,747 | ||||||||
Short Positions: | ||||||||
59 | 3 Month CME SOFR | Mar. 2024 | 13,960,138 | (2,689) | ||||
15 | 3 Month CME SOFR | Mar. 2025 | 3,606,563 | (1,022) | ||||
15 | 3 Month CME SOFR | Jun. 2025 | 3,617,250 | (524) | ||||
15 | 3 Month CME SOFR | Sep. 2025 | 3,624,563 | (232) | ||||
15 | 3 Month CME SOFR | Dec. 2025 | 3,628,688 | (335) | ||||
29 | 5 Year U.S. Treasury Notes | Mar. 2024 | 3,143,328 | (8,393) | ||||
21 | 10 Year Euro-Bund | Mar. 2024 | 3,083,075 | (62,519) | ||||
22 | 20 Year U.S. Treasury Bonds | Mar. 2024 | 2,691,563 | (121,890) | ||||
32 | British Pound Currency | Mar. 2024 | 2,543,000 | (1,270) | ||||
113 | Euro Currency | Mar. 2024 | 15,340,456 | 88,035 | ||||
11 | Euro Schatz Index | Mar. 2024 | 1,262,355 | (3,872) | ||||
(114,711) | ||||||||
$(97,964) |
Forward foreign currency exchange contracts outstanding at January 31, 2024:
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 02/02/24 | CITI | AUD | 375 | $246,910 | $246,178 | $— | $(732) | ||||||
British Pound, | |||||||||||||
Expiring 02/02/24 | BNYM | GBP | 1,271 | 1,614,694 | 1,610,905 | — | (3,789) | ||||||
Euro, | |||||||||||||
Expiring 02/02/24 | JPM | EUR | 10,017 | 10,894,568 | 10,826,744 | — | (67,824) | ||||||
Expiring 02/02/24 | SSB | EUR | 195 | 212,089 | 210,983 | — | (1,106) | ||||||
Expiring 03/04/24 | BARC | EUR | 191 | 207,862 | 206,822 | — | (1,040) | ||||||
Hungarian Forint, | |||||||||||||
Expiring 04/19/24 | BOA | HUF | 71,672 | 203,835 | 200,413 | — | (3,422) | ||||||
Japanese Yen, | |||||||||||||
Expiring 02/02/24 | MSI | JPY | 92,317 | 625,862 | 627,432 | 1,570 | — | ||||||
Expiring 04/19/24 | BOA | JPY | 36,828 | 258,000 | 253,342 | — | (4,658) | ||||||
Norwegian Krone, | |||||||||||||
Expiring 04/19/24 | CITI | NOK | 553 | 53,227 | 52,670 | — | (557) |
37
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2024 (continued):
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Polish Zloty, | |||||||||||||
Expiring 04/19/24 | HSBC | PLN | 912 | $226,092 | $227,534 | $1,442 | $— | ||||||
South Korean Won, | |||||||||||||
Expiring 03/20/24 | BARC | KRW | 192,755 | 146,982 | 144,836 | — | (2,146) | ||||||
Swiss Franc, | |||||||||||||
Expiring 04/19/24 | BNP | CHF | 32 | 37,417 | 37,029 | — | (388) | ||||||
$14,727,538 | $14,644,888 | 3,012 | (85,662) |
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 02/02/24 | CITI | AUD | 375 | $252,164 | $246,178 | $5,986 | $— | ||||||
Expiring 03/04/24 | CITI | AUD | 375 | 247,151 | 246,442 | 709 | — | ||||||
British Pound, | |||||||||||||
Expiring 02/02/24 | BNYM | GBP | 1,271 | 1,615,530 | 1,610,905 | 4,625 | — | ||||||
Expiring 03/04/24 | BNYM | GBP | 1,271 | 1,614,986 | 1,611,322 | 3,664 | — | ||||||
Canadian Dollar, | |||||||||||||
Expiring 04/19/24 | BNP | CAD | 574 | 426,998 | 427,266 | — | (268) | ||||||
Chinese Renminbi, | |||||||||||||
Expiring 04/24/24 | MSI | CNH | 23,183 | 3,246,453 | 3,243,139 | 3,314 | — | ||||||
Expiring 04/24/24 | MSI | CNH | 959 | 134,401 | 134,174 | 227 | — | ||||||
Colombian Peso, | |||||||||||||
Expiring 03/20/24 | MSI | COP | 273,723 | 67,820 | 69,661 | — | (1,841) | ||||||
Euro, | |||||||||||||
Expiring 02/02/24 | JPM | EUR | 10,213 | 11,189,836 | 11,037,727 | 152,109 | — | ||||||
Expiring 03/04/24 | JPM | EUR | 10,017 | 10,907,915 | 10,841,591 | 66,324 | — | ||||||
Expiring 04/19/24 | MSI | EUR | 202 | 220,647 | 218,936 | 1,711 | — | ||||||
Expiring 04/19/24 | MSI | EUR | 154 | 168,797 | 167,505 | 1,292 | — | ||||||
Israeli Shekel, | |||||||||||||
Expiring 03/20/24 | CITI | ILS | 167 | 45,161 | 45,764 | — | (603) | ||||||
Japanese Yen, | |||||||||||||
Expiring 02/02/24 | CITI | JPY | 92,317 | 640,826 | 627,431 | 13,395 | — | ||||||
Expiring 03/04/24 | MSI | JPY | 92,317 | 628,863 | 630,663 | — | (1,800) | ||||||
Mexican Peso, | |||||||||||||
Expiring 03/20/24 | HSBC | MXN | 3,835 | 219,317 | 220,962 | — | (1,645) |
38
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2024 (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.): | |||||||||||||
Singapore Dollar, | |||||||||||||
Expiring 03/20/24 | BNYM | SGD | 41 | $30,310 | $30,267 | $43 | $— | ||||||
$31,657,175 | $31,409,933 | 253,399 | (6,157) | ||||||||||
$256,411 | $(91,819) |
Credit default swap agreements outstanding at January 31, 2024:
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1): | ||||||||||||||||
Gazprom PAO | 06/20/24 | 1.000%(Q) | 134 | $8,922 | $10,295 | $(1,373) | HSBC | |||||||||
Gazprom PAO | 06/20/24 | 1.000%(Q) | 121 | 8,057 | 14,895 | (6,838) | BARC | |||||||||
Kingdom of Morocco | 12/20/27 | 1.000%(Q) | 115 | (800) | 2,404 | (3,204) | BNP | |||||||||
Republic of Italy | 12/20/27 | 1.000%(Q) | EUR | 70 | (1,725) | (2,055) | 330 | BARC | ||||||||
Republic of South Africa | 12/20/28 | 1.000%(Q) | 400 | 21,454 | 37,390 | (15,936) | MSI | |||||||||
$35,908 | $62,929 | $(27,021) |
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at January 31, 2024(4) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2): | |||||||||||||||||
DP World PLC | 12/20/24 | 1.000%(Q) | 100 | 0.574% | $491 | $83 | $408 | BARC | |||||||||
Emirate of Abu Dhabi | 06/20/24 | 1.000%(Q) | 110 | 0.130% | 500 | 365 | 135 | BNP | |||||||||
Generalitat de Catalunya | 12/20/25 | 1.000%(Q) | 100 | 0.245% | 1,493 | (360) | 1,853 | DB | |||||||||
Halliburton Co. | 12/20/26 | 1.000%(Q) | 50 | 0.317% | 991 | 277 | 714 | GSI | |||||||||
Hellenic Republic | 12/20/31 | 1.000%(Q) | 140 | 1.022% | (39) | (3,370) | 3,331 | BARC | |||||||||
International Bank for Reconstruction & Development | 03/20/24 | 0.250%(Q) | 740 | 0.155% | 315 | 96 | 219 | BOA | |||||||||
Kingdom of Spain | 06/20/25 | 1.000%(Q) | 1,000 | 0.149% | 12,685 | (2,553) | 15,238 | BOA | |||||||||
Kingdom of Spain | 06/20/25 | 1.000%(Q) | 170 | 0.149% | 2,156 | (453) | 2,609 | BOA | |||||||||
Kingdom of Spain | 06/20/25 | 1.000%(Q) | 15 | 0.149% | 190 | 54 | 136 | BARC |
39
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Credit default swap agreements outstanding at January 31, 2024 (continued):
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at January 31, 2024(4) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont’d.): | |||||||||||||||||
Republic of Estonia | 12/20/26 | 1.000%(Q) | 50 | 0.421% | $849 | $273 | $576 | JPM | |||||||||
Republic of Italy | 06/20/30 | 1.000%(Q) | 100 | 0.986% | 198 | (1,837) | 2,035 | BARC | |||||||||
Republic of Panama | 12/20/26 | 1.000%(Q) | 45 | 1.403% | (432) | 75 | (507) | CITI | |||||||||
Republic of Poland | 06/20/24 | 1.000%(Q) | 145 | 0.136% | 655 | 43 | 612 | BNP | |||||||||
U.S. Treasury Notes | 06/20/24 | 0.250%(Q) | EUR | 245 | 0.214% | 116 | (149) | 265 | BNP | ||||||||
Verizon Communications, Inc. | 06/20/26 | 1.000%(Q) | 170 | 0.505% | 2,110 | 1,700 | 410 | GSI | |||||||||
$22,278 | $(5,756) | $28,034 |
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at January 31, 2024(4) | Value at Trade Date | Value at January 31, 2024 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2): | |||||||||||||||
CDX.NA.HY.41.V2 | 12/20/28 | 5.000%(Q) | 8,895 | 3.607% | $88,773 | $546,865 | $458,092 | ||||||||
CDX.NA.IG.41.V1 | 12/20/28 | 1.000%(Q) | 2,880 | 0.564% | 53,019 | 58,649 | 5,630 | ||||||||
$141,792 | $605,514 | $463,722 |
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 |
40
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | |
(3) | Notional amount represents the maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
(4) | Implied credit spreads, represented in absolute terms, utilized in determining the fair value of credit default swap agreements where the Fund is the seller of protection as of the reporting date serve as an indicator of the current status of the payment/ performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include up-front payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement. |
Inflation swap agreements outstanding at January 31, 2024: | ||||||||||||||
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2024 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Inflation Swap Agreement: | ||||||||||||||
EUR | 435 | 01/15/29 | 2.012%(T) | Eurostat Eurozone HICP ex Tobacco(1)(T) | $— | $(585) | $(585) |
(1) | The Fund pays the fixed rate and receives the floating rate. |
(2) | The Fund pays the floating rate and receives the fixed rate. |
Interest rate swap agreements outstanding at January 31, 2024:
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2024 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements: | ||||||||||||||
AUD | 970 | 02/19/31 | 1.398%(S) | 6 Month BBSW(2)(S)/ 4.435% | $(2,360) | $(113,758) | $(111,398) | |||||||
AUD | 225 | 12/03/33 | 2.800%(S) | 6 Month BBSW(2)(S)/ 4.435% | (18,390) | (17,805) | 585 | |||||||
AUD | 85 | 12/03/38 | 2.900%(S) | 6 Month BBSW(2)(S)/ 4.435% | (9,406) | (9,506) | (100) | |||||||
CAD | 1,230 | 04/03/25 | 0.970%(S) | 3 Month CDOR(2)(S)/ 5.395% | (1,424) | (53,785) | (52,361) | |||||||
CAD | 455 | 12/03/27 | 3.650%(S) | 1 Day CORRA(2)(S)/ 5.070% | 3,714 | 588 | (3,126) |
41
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2024 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2024 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
CAD | 80 | 12/03/28 | 2.600%(S) | 3 Month CDOR(2)(S)/ 5.395% | $398 | $(3,288) | $(3,686) | |||||||
CAD | 340 | 12/03/29 | 2.650%(S) | 3 Month CDOR(2)(S)/ 5.395% | (12,274) | (14,991) | (2,717) | |||||||
CAD | 70 | 12/03/29 | 3.500%(S) | 1 Day CORRA(2)(S)/ 5.070% | 835 | 234 | (601) | |||||||
CAD | 315 | 12/03/30 | 3.500%(S) | 1 Day CORRA(2)(S)/ 5.070% | (5,604) | 1,493 | 7,097 | |||||||
CAD | 60 | 12/03/32 | 2.700%(S) | 3 Month CDOR(2)(S)/ 5.395% | (2,428) | (3,538) | (1,110) | |||||||
CAD | 50 | 01/09/38 | 2.720%(S) | 3 Month CDOR(2)(S)/ 5.395% | (1) | (4,417) | (4,416) | |||||||
CAD | 120 | 12/03/40 | 2.800%(S) | 3 Month CDOR(2)(S)/ 5.395% | 15,389 | (11,897) | (27,286) | |||||||
CAD | 60 | 12/03/43 | 3.550%(S) | 1 Day CORRA(2)(S)/ 5.070% | (3,770) | 291 | 4,061 | |||||||
CAD | 50 | 05/30/47 | 2.240%(S) | 3 Month CDOR(2)(S)/ 5.395% | (1,361) | (9,176) | (7,815) | |||||||
CAD | 295 | 12/03/51 | 2.800%(S) | 3 Month CDOR(2)(S)/ 5.395% | (28,146) | (34,233) | (6,087) | |||||||
CAD | 105 | 12/03/53 | 3.300%(S) | 1 Day CORRA(2)(S)/ 5.070% | (4,784) | 53 | 4,837 | |||||||
CHF | 70 | 04/03/28 | 0.410%(A) | 1 Day SARON(2)(S)/ 1.698% | (194) | (2,594) | (2,400) | |||||||
CHF | 130 | 01/31/29 | 0.260%(A) | 1 Day SARON(2)(S)/ 1.698% | (435) | (7,839) | (7,404) | |||||||
CHF | 300 | 05/08/31 | 2.000%(A) | 1 Day SARON(2)(A)/ 1.698% | 15,607 | 22,279 | 6,672 | |||||||
CHF | 40 | 04/03/33 | 0.687%(A) | 1 Day SARON(2)(S)/ 1.698% | (202) | (2,390) | (2,188) | |||||||
CHF | 100 | 12/15/41 | 0.025%(A) | 1 Day SARON(2)(A)/ 1.698% | (19,374) | (24,870) | (5,496) | |||||||
CLP | 30,200 | 07/12/29 | 3.135%(S) | 1 Day CLOIS(2)(S)/ 7.250% | — | (2,208) | (2,208) | |||||||
CLP | 190,000 | 02/06/33 | 5.200%(S) | 1 Day CLOIS(1)(S)/ 7.250% | — | (3,225) | (3,225) |
42
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2024 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2024 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
CLP | 76,000 | 02/23/33 | 5.570%(S) | 1 Day CLOIS(1)(S)/ 7.250% | $— | $(3,859) | $(3,859) | |||||||
CLP | 157,000 | 02/27/33 | 5.550%(S) | 1 Day CLOIS(1)(S)/ 7.250% | — | (7,818) | (7,818) | |||||||
CNH | 700 | 03/13/24 | 2.945%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.700% | (1) | 151 | 152 | |||||||
CNH | 1,400 | 04/01/24 | 2.923%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.700% | — | 390 | 390 | |||||||
CNH | 1,440 | 06/03/24 | 2.975%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.700% | — | 877 | 877 | |||||||
CNH | 2,220 | 06/20/24 | 2.900%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.700% | (3) | 1,171 | 1,174 | |||||||
CNH | 1,500 | 09/03/24 | 2.860%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.700% | (1) | 1,263 | 1,264 | |||||||
CNH | 1,500 | 10/10/24 | 2.860%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.700% | (1) | 1,335 | 1,336 | |||||||
CNH | 1,680 | 11/01/24 | 3.120%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.700% | (5) | 2,467 | 2,472 | |||||||
CNH | 1,200 | 02/04/25 | 2.600%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.700% | — | 1,197 | 1,197 | |||||||
CNH | 2,800 | 03/06/25 | 2.425%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.700% | 3 | 2,009 | 2,006 | |||||||
CNH | 5,000 | 03/12/25 | 2.400%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.700% | (2) | 3,313 | 3,315 | |||||||
CNH | 3,200 | 07/13/25 | 2.653%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.700% | (4) | 4,610 | 4,614 | |||||||
CNH | 5,910 | 11/02/25 | 2.588%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.700% | 5 | 9,901 | 9,896 | |||||||
CNH | 5,280 | 04/12/26 | 2.810%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.700% | (9) | 13,787 | 13,796 |
43
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2024 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2024 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
CNH | 7,230 | 08/04/27 | 2.388%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.700% | $— | $12,054 | $12,054 | |||||||
CNH | 2,000 | 01/09/28 | 2.757%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.700% | (74) | 7,397 | 7,471 | |||||||
CNH | 4,750 | 03/01/28 | 2.955%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.700% | — | 23,152 | 23,152 | |||||||
CNH | 1,925 | 04/26/28 | 2.790%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.700% | — | 7,655 | 7,655 | |||||||
CNH | 15,660 | 05/11/28 | 2.600%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.700% | 22,674 | 46,165 | 23,491 | |||||||
CNH | 5,400 | 06/01/28 | 2.473%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.700% | — | 11,761 | 11,761 | |||||||
CZK | 5,145 | 03/31/30 | 0.710%(A) | 6 Month PRIBOR(2)(S)/ 6.150% | — | (39,796) | (39,796) | |||||||
DKK | 500 | 04/08/32 | 1.581%(A) | 6 Month CIBOR(2)(S)/ 3.933% | (3,056) | (6,230) | (3,174) | |||||||
EUR | 5,485 | 11/23/24 | (0.046)%(A) | 6 Month EURIBOR(2)(S)/ 3.835% | — | (220,920) | (220,920) | |||||||
EUR | 3,245 | 12/02/24 | (0.285)%(A) | 6 Month EURIBOR(2)(S)/ 3.835% | — | (136,683) | (136,683) | |||||||
EUR | 200 | 05/11/25 | 0.100%(A) | 1 Day EuroSTR(1)(A)/ 3.894% | 692 | 13,615 | 12,923 | |||||||
EUR | 350 | 04/27/30 | (0.016)%(A) | 6 Month EURIBOR(2)(S)/ 3.835% | — | (58,933) | (58,933) | |||||||
EUR | 342 | 08/15/30 | (0.191)%(A) | 1 Day EuroSTR(2)(A)/ 3.894% | (125) | (62,557) | (62,432) | |||||||
EUR | 100 | 05/11/31 | 0.750%(A) | 1 Day EuroSTR(1)(A)/ 3.894% | 683 | 13,552 | 12,869 |
44
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2024 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2024 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
EUR | 235 | 10/30/32 | 1.302%(A) | 6 Month EURIBOR(2)(S)/ 3.835% | $4,023 | $(26,410) | $(30,433) | |||||||
EUR | 820 | 03/20/33 | 2.996%(A) | 6 Month EURIBOR(2)(S)/ 3.835% | — | 42,144 | 42,144 | |||||||
EUR | 430 | 05/11/33 | 1.000%(A) | 6 Month EURIBOR(2)(S)/ 3.835% | (7,142) | (60,231) | (53,089) | |||||||
EUR | 590 | 03/20/38 | 2.982%(A) | 6 Month EURIBOR(1)(S)/ 3.835% | — | (33,284) | (33,284) | |||||||
EUR | 150 | 11/24/41 | 0.565%(A) | 6 Month EURIBOR(1)(S)/ 3.835% | — | 25,173 | 25,173 | |||||||
EUR | 150 | 11/24/41 | 0.600%(A) | 3 Month EURIBOR(2)(Q)/ 3.905% | — | (26,185) | (26,185) | |||||||
EUR | 364 | 11/25/41 | 0.629%(A) | 6 Month EURIBOR(1)(S)/ 3.835% | — | 59,253 | 59,253 | |||||||
EUR | 364 | 11/25/41 | 0.663%(A) | 3 Month EURIBOR(2)(Q)/ 3.905% | — | (61,751) | (61,751) | |||||||
EUR | 570 | 03/22/42 | 1.257%(A) | 6 Month EURIBOR(1)(S)/ 3.835% | — | 63,963 | 63,963 | |||||||
EUR | 570 | 03/22/42 | 1.310%(A) | 3 Month EURIBOR(2)(Q)/ 3.905% | — | (67,222) | (67,222) | |||||||
EUR | 400 | 02/24/43 | 2.910%(A) | 6 Month EURIBOR(1)(S)/ 3.835% | 332 | (23,967) | (24,299) | |||||||
EUR | 400 | 02/24/43 | 2.960%(A) | 3 Month EURIBOR(2)(Q)/ 3.905% | (200) | 28,837 | 29,037 | |||||||
EUR | 120 | 05/11/49 | 1.450%(A) | 6 Month EURIBOR(2)(S)/ 3.835% | 5,352 | (24,745) | (30,097) | |||||||
GBP | 200 | 05/08/25 | 1.000%(A) | 1 Day SONIA(2)(A)/ 5.188% | (14,051) | (18,713) | (4,662) | |||||||
GBP | 35 | 05/08/30 | 1.100%(A) | 1 Day SONIA(1)(A)/ 5.188% | 5,939 | 7,354 | 1,415 |
45
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2024 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2024 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
GBP | 155 | 05/08/37 | 1.200%(A) | 1 Day SONIA(2)(A)/ 5.188% | $(47,398) | $(55,675) | $(8,277) | |||||||
GBP | 220 | 05/08/38 | 1.200%(A) | 1 Day SONIA(2)(A)/ 5.188% | (75,995) | (83,709) | (7,714) | |||||||
GBP | 225 | 05/08/46 | 1.250%(A) | 1 Day SONIA(2)(A)/ 5.188% | 45,984 | (114,636) | (160,620) | |||||||
GBP | 170 | 05/08/47 | 1.250%(A) | 1 Day SONIA(2)(A)/ 5.188% | (32,480) | (88,992) | (56,512) | |||||||
GBP | 190 | 05/08/48 | 1.250%(A) | 1 Day SONIA(2)(A)/ 5.188% | (96,152) | (101,541) | (5,389) | |||||||
GBP | 35 | 09/03/50 | 0.328%(A) | 1 Day SONIA(2)(A)/ 5.188% | — | (26,120) | (26,120) | |||||||
GBP | 60 | 05/08/52 | 1.250%(A) | 1 Day SONIA(2)(A)/ 5.188% | (3,574) | (34,807) | (31,233) | |||||||
GBP | 140 | 05/08/54 | 1.250%(A) | 1 Day SONIA(2)(A)/ 5.188% | (73,465) | (83,430) | (9,965) | |||||||
HUF | 90,865 | 06/12/28 | 3.750%(A) | 6 Month BUBOR(2)(S)/ 8.760% | — | (18,465) | (18,465) | |||||||
JPY | 130,000 | 03/06/25 | 0.197%(A) | 1 Day TONAR(2)(A)/ (0.011)% | — | 2,609 | 2,609 | |||||||
JPY | 179,000 | 04/08/26 | 0.018%(S) | 1 Day TONAR(2)(S)/ (0.011)% | 7 | (7,768) | (7,775) | |||||||
JPY | 59,000 | 12/18/27 | 0.290%(S) | 1 Day TONAR(2)(S)/ (0.011)% | (450) | (2,702) | (2,252) | |||||||
JPY | 110,000 | 07/08/28 | (0.050)%(A) | 1 Day TONAR(2)(A)/ (0.011)% | (11,902) | (16,975) | (5,073) | |||||||
JPY | 119,700 | 07/31/28 | 0.268%(A) | 1 Day TONAR(2)(A)/ (0.011)% | — | (6,077) | (6,077) | |||||||
JPY | 163,000 | 11/12/28 | 0.011%(S) | 1 Day TONAR(2)(S)/ (0.011)% | 5 | (28,531) | (28,536) | |||||||
JPY | 25,000 | 07/08/29 | (0.050)%(A) | 1 Day TONAR(2)(A)/ (0.011)% | (3,080) | (5,508) | (2,428) | |||||||
JPY | 85,000 | 07/08/30 | (0.050)%(A) | 1 Day TONAR(2)(A)/ (0.011)% | (19,192) | (25,325) | (6,133) | |||||||
JPY | 60,000 | 07/08/31 | 0.000%(A) | 1 Day TONAR(2)(A)/ (0.011)% | (16,477) | (21,510) | (5,033) | |||||||
JPY | 130,000 | 07/08/32 | 0.050%(A) | 1 Day TONAR(2)(A)/ (0.011)% | (9,340) | (54,503) | (45,163) | |||||||
JPY | 53,000 | 12/18/32 | 0.516%(S) | 1 Day TONAR(2)(S)/ (0.011)% | (899) | (11,628) | (10,729) | |||||||
JPY | 115,000 | 07/08/33 | 0.100%(A) | 1 Day TONAR(2)(A)/ (0.011)% | (58,233) | (54,903) | 3,330 |
46
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2024 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2024 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
JPY | 111,500 | 12/18/37 | 0.715%(S) | 1 Day TONAR(2)(S)/ (0.011)% | $(2,824) | $(47,589) | $(44,765) | |||||||
JPY | 57,555 | 01/04/38 | 0.757%(S) | 1 Day TONAR(2)(S)/ (0.011)% | (1,410) | (22,751) | (21,341) | |||||||
JPY | 11,780 | 12/03/38 | 0.600%(S) | 1 Day TONAR(2)(S)/ (0.011)% | (6) | (7,155) | (7,149) | |||||||
JPY | 10,000 | 10/04/39 | 0.203%(S) | 1 Day TONAR(2)(S)/ (0.011)% | (24) | (10,744) | (10,720) | |||||||
JPY | 21,500 | 12/03/39 | 0.650%(S) | 1 Day TONAR(2)(S)/ (0.011)% | (11) | (13,818) | (13,807) | |||||||
JPY | 20,000 | 02/06/40 | 0.223%(S) | 1 Day TONAR(2)(S)/ (0.011)% | (105) | (21,784) | (21,679) | |||||||
JPY | 25,000 | 07/08/42 | 0.300%(A) | 1 Day TONAR(2)(A)/ (0.011)% | (17,873) | (29,754) | (11,881) | |||||||
JPY | 5,000 | 07/04/43 | 0.763%(S) | 1 Day TONAR(2)(S)/ (0.011)% | (129) | (4,063) | (3,934) | |||||||
JPY | 45,000 | 07/08/43 | 0.300%(A) | 1 Day TONAR(2)(A)/ (0.011)% | (44,591) | (57,806) | (13,215) | |||||||
JPY | 38,600 | 07/08/45 | 0.350%(A) | 1 Day TONAR(2)(A)/ (0.011)% | (41,658) | (53,933) | (12,275) | |||||||
JPY | 91,700 | 12/18/47 | 0.918%(S) | 1 Day TONAR(2)(S)/ (0.011)% | (3,154) | (80,925) | (77,771) | |||||||
JPY | 75,000 | 07/08/48 | 0.450%(A) | 1 Day TONAR(2)(A)/ (0.011)% | (91,231) | (111,510) | (20,279) | |||||||
JPY | 25,000 | 07/08/49 | 0.450%(A) | 1 Day TONAR(2)(A)/ (0.011)% | (38,810) | (38,861) | (51) | |||||||
JPY | 30,000 | 07/08/52 | 0.450%(A) | 1 Day TONAR(2)(A)/ (0.011)% | (25,050) | (52,252) | (27,202) | |||||||
KRW | 761,000 | 08/04/24 | 3.145%(Q) | 3 Month KWCDC(2)(Q)/ 3.680% | — | (2,460) | (2,460) | |||||||
KRW | 230,000 | 04/19/28 | 3.135%(Q) | 3 Month KWCDC(2)(Q)/ 3.680% | — | (453) | (453) | |||||||
KRW | 979,000 | 09/10/28 | 2.043%(Q) | 3 Month KWCDC(2)(Q)/ 3.680% | (19,218) | (38,467) | (19,249) | |||||||
KRW | 118,000 | 02/13/29 | 1.780%(Q) | 3 Month KWCDC(2)(Q)/ 3.680% | — | (6,214) | (6,214) | |||||||
KRW | 33,500 | 04/17/29 | 1.740%(Q) | 3 Month KWCDC(2)(Q)/ 3.680% | — | (1,773) | (1,773) |
47
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2024 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2024 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
KRW | 470,000 | 04/27/30 | 1.065%(Q) | 3 Month KWCDC(2)(Q)/ 3.680% | $(8,702) | $(42,787) | $(34,085) | |||||||
KRW | 461,780 | 03/10/33 | 3.150%(Q) | 3 Month KWCDC(2)(Q)/ 3.680% | (4,561) | (1,697) | 2,864 | |||||||
KRW | 300,000 | 11/24/33 | 3.610%(Q) | 3 Month KWCDC(2)(Q)/ 3.680% | — | 7,814 | 7,814 | |||||||
NOK | 1,680 | 03/15/27 | 2.103%(A) | 6 Month NIBOR(2)(S)/ 4.840% | 2,755 | (8,435) | (11,190) | |||||||
NZD | 100 | 11/05/29 | 1.393%(S) | 3 Month BBR(2)(Q)/ 5.670% | — | (9,611) | (9,611) | |||||||
PLN | 890 | 07/11/28 | 2.935%(A) | 6 Month WIBOR(2)(S)/ 5.850% | 14,247 | (11,031) | (25,278) | |||||||
PLN | 760 | 08/30/31 | 1.765%(A) | 6 Month WIBOR(2)(S)/ 5.850% | — | (36,604) | (36,604) | |||||||
SEK | 2,200 | 11/05/29 | 0.457%(A) | 3 Month STIBOR(2)(Q)/ 4.093% | (3,035) | (25,054) | (22,019) | |||||||
SGD | 165 | 07/29/31 | 1.120%(S) | 1 Day SORA(2)(S)/ 3.484% | 864 | (13,807) | (14,671) | |||||||
THB | 6,000 | 07/04/24 | 1.590%(Q) | 1 Day THOR(2)(Q)/ 2.483% | — | (703) | (703) | |||||||
THB | 16,000 | 07/03/30 | 1.028%(Q) | 1 Day THOR(2)(Q)/ 2.483% | (36,588) | (38,117) | (1,529) | |||||||
TWD | 14,600 | 02/17/28 | 1.390%(Q) | 3 Month TAIBOR(1)(Q)/ 1.494% | — | 567 | 567 | |||||||
TWD | 8,480 | 07/21/33 | 1.410%(Q) | 3 Month TAIBOR(1)(Q)/ 1.494% | — | 2,746 | 2,746 | |||||||
12,055 | 02/21/24 | 5.170%(T) | 1 Day SOFR(2)(T)/ 5.320% | — | (12,386) | (12,386) | ||||||||
11,440 | 07/30/24 | 5.159%(T) | 1 Day SOFR(2)(T)/ 5.320% | — | 2,622 | 2,622 | ||||||||
10,265 | 07/31/24 | 5.406%(T) | 1 Day SOFR(2)(T)/ 5.320% | — | 12,695 | 12,695 | ||||||||
19,100 | 08/14/24 | 5.298%(T) | 1 Day SOFR(2)(T)/ 5.320% | — | 8,000 | 8,000 |
48
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2024 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2024 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
10,290 | 10/04/24 | 5.472%(T) | 1 Day SOFR(2)(T)/ 5.320% | $— | $33,511 | $33,511 | ||||||||
3,604 | 03/08/25 | 4.919%(A) | 1 Day SOFR(2)(A)/ 5.320% | — | 2,828 | 2,828 | ||||||||
1,795 | 09/25/26 | 4.699%(A) | 1 Day SOFR(1)(A)/ 5.320% | — | (32,059) | (32,059) | ||||||||
493 | 08/15/28 | 1.220%(A) | 1 Day SOFR(1)(A)/ 5.320% | — | 59,203 | 59,203 | ||||||||
1,265 | 09/05/28 | 4.027%(A) | 1 Day SOFR(1)(A)/ 5.320% | — | (13,250) | (13,250) | ||||||||
980 | 09/28/28 | 4.396%(A) | 1 Day SOFR(1)(A)/ 5.320% | — | (28,002) | (28,002) | ||||||||
1,100 | 11/07/28 | 4.223%(A) | 1 Day SOFR(1)(A)/ 5.320% | — | (24,951) | (24,951) | ||||||||
$(782,936) | $(2,380,356) | $(1,597,420) |
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 | 2,100 | 07/31/30 | 2.515%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.700% | $5,828 | $— | $5,828 | MSI | |||||||
CNH | 6,000 | 09/01/30 | 2.360%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.700% | 8,882 | — | 8,882 | MSI | |||||||
CNH | 2,700 | 11/24/30 | 2.495%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.700% | 7,263 | — | 7,263 | MSI | |||||||
CNH | 3,000 | 10/14/31 | 2.675%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.700% | 13,584 | — | 13,584 | SCB | |||||||
MYR | 450 | 04/09/26 | 2.625%(Q) | 3 Month KLIBOR(2)(Q)/ 3.570% | (1,725) | (8) | (1,717) | MSI | |||||||
MYR | 900 | 08/12/26 | 2.605%(Q) | 3 Month KLIBOR(2)(Q)/ 3.570% | (4,302) | (7) | (4,295) | HSBC | |||||||
MYR | 200 | 07/11/29 | 3.528%(Q) | 3 Month KLIBOR(2)(Q)/ 3.570% | (142) | — | (142) | MSI |
49
PGIM Global Total Return (USD Hedged) Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2024 (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 | 790 | 11/23/30 | 3.880%(Q) | 3 Month KLIBOR(2)(Q)/ 3.570% | $2,039 | $(1) | $2,040 | MSI | |||||||
MYR | 200 | 04/07/32 | 3.870%(Q) | 3 Month KLIBOR(2)(Q)/ 3.570% | 335 | (2) | 337 | CITI | |||||||
MYR | 230 | 07/12/32 | 3.650%(Q) | 3 Month KLIBOR(2)(Q)/ 3.570% | (429) | (1) | (428) | GSI | |||||||
$31,333 | $(19) | $31,352 |
(1) | The Fund pays the fixed rate and receives the floating rate. |
(2) | The Fund pays the floating rate and receives the fixed rate. |
Total return swap agreements outstanding at January 31, 2024: | ||||||||||||||
Reference Entity | Financing Rate | Counterparty | Termination Date | Long (Short) Notional Amount (000)#(1) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation)(2) | |||||||
OTC Total Return Swap Agreements: | ||||||||||||||
ICE Bank of America 1-10 Year US Municipal Securities Index(T) | 1 Day SOFR -245bps(T)/ 2.870% | DB | 09/21/24 | 1,000 | $27,426 | $— | $27,426 | |||||||
U.S. Treasury Bonds(T) | 1 Day USOIS +2 bps(T)/ 5.350% | JPM | 02/02/24 | 625 | (10,947) | — | (10,947) | |||||||
$16,479 | $— | $16,479 |
(1) | On a long total return swap, the Fund receives payments for any positive return on the reference entity (makes payments for any negative return) and pays the financing rate. On a short total return swap, the Fund makes payments for any positive return on the reference entity (receives payments for any negative return) and receives the financing rate. |
(2) | Upfront/recurring fees or commissions, as applicable, are included in the net unrealized appreciation (depreciation). |
Other information regarding the Fund is available in the Funds’ most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
50