<Page>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES
<Table>
Investment Company Act file number: 811-2619
Exact name of registrant as specified in charter: Money Mart Assets, Inc.
Address of principal executive offices: Gateway Center 3
100 Mulberry Street
Newark, New Jersey 07102
Name and address of agent for service: Jonathan Shain
Gateway Center 3
100 Mulberry Street
Newark, New Jersey 07102
Registrant's telephone number, including area code: 973-802-6469
Date of fiscal year end: December 31, 2003
Date of reporting period: June 30, 2003
</Table>
<Page>
Item 1 -- Reports to Stockholders
SEMIANNUAL REPORT
JUNE 30, 2003
MONEYMART ASSETS, INC.
(Formerly known as Prudential MoneyMart Assets, Inc.)
FUND TYPE
Money market
OBJECTIVE
Maximum current income consistent with
stability of capital and the maintenance of
liquidity
This report is not authorized for distribution
to prospective investors unless preceded or
accompanied by a current prospectus.
The views expressed in this report and
information about the Fund's portfolio holdings
are for the period covered by this report and
are subject to change thereafter.
MoneyMart Assets, Inc.
Performance at a Glance
FUND OBJECTIVE
MoneyMart Assets, Inc. (the Fund) seeks maximum
current income consistent with stability of
capital and maintenance of liquidity. There can
be no assurance that the Fund will achieve its
investment objective.
Money Market Fund Yield Comparison
(GRAPH)
Past performance is not indicative of future
results. The graph portrays weekly 7-day
current yields for MoneyMart Assets, Inc.
(Class A shares) and the iMoneyNet, Inc.
Taxable Prime Retail Average every Tuesday from
December 31, 2002 to June 24, 2003, the closest
dates to the beginning and end of our reporting
period. The data portrayed at the end of the reporting
period in the graph may not match the data portrayed
in the Fund Facts table as of June 30, 2003.
(800) 225-1852
Semiannual Report June 30, 2003
Fund Facts As of 6/30/03
7-Day Net Asset Weighted Avg. Net Assets
Current Yield Value (NAV) Maturity (WAM) (Millions)
Class A 0.58% $1.00 71 Days $6,608
- ---------------------------------------------------------------------------------------
Class Z* 0.70% $1.00 71 Days $ 203
- ---------------------------------------------------------------------------------------
iMoneyNet, Inc.
- ---------------------------------------------------------------------------------------
Taxable Prime Retail Avg.** 0.48% N/A 58 Days N/A
- ---------------------------------------------------------------------------------------
Note: Yields will fluctuate from time to time,
and past performance is not indicative of
future results. An investment in the Fund is
not insured or guaranteed by the Federal
Deposit Insurance Corporation or any other
government agency. Although the Fund seeks to
preserve the value of your investment at $1.00
per share, it is possible to lose money by
investing in the Fund.
*Class Z shares are not subject to distribution
and service (12b-1) fees.
**iMoneyNet, Inc. reports a 7-day current yield
and WAM on Tuesdays. This is the data of all
funds in the iMoneyNet, Inc. Taxable Prime
Retail Average category as of June 24, 2003,
the closest date to the end of our reporting
period.
Weighted Average Maturity Comparison
(GRAPH)
Past performance is not indicative of future
results. The graph portrays weekly WAMs for
MoneyMart Assets, Inc. and the iMoneyNet, Inc.
Taxable Prime Retail Average every Tuesday from
December 31, 2002 to June 24, 2003, the closest
dates to the beginning and end of our reporting
period. The data portrayed at the end of the
reporting period in the graph may not match the
data portrayed in the Fund Facts table as of
June 30, 2003.
1
August 15, 2003
DEAR SHAREHOLDER,
Developments in the United States and abroad
encouraged a trend toward lower interest rates
that drove impressive gains in bonds during the
first six months of 2003. Stocks also ended the
reporting period higher after recovering from a
sharp sell-off early in the year. In this
volatile investment environment, money market
funds remained a comparatively safe haven for
many investors, even though their yields
declined toward record low levels.
Market conditions may remain challenging, but
regardless of the future direction of stocks
and bonds, it is important to remember that a
wise investor plans today for tomorrow's needs.
Current market activity should have little
impact on planning for your long-term
investment goals. Whether you are investing for
your retirement, your children's education, or
some other purpose, a diversified asset
allocation strategy is a disciplined approach
to investing that may help you make more
consistent progress toward your goals.
We recommend that you develop a personal asset
allocation strategy in consultation with a
financial professional who knows you, who
understands your reasons for investing, the
time you have to reach your goals, and the
amount of risk you are comfortable assuming.
Your financial professional can help you choose
the appropriate funds to implement your
strategy.
I was named president of MoneyMart Assets, Inc.
in March 2003. As always, thank you for your
continued confidence in our mutual funds. We
look forward to serving your future investment
needs.
Sincerely,
Judy A. Rice, President
MoneyMart Assets, Inc.
2
MoneyMart Assets, Inc.
Portfolio of Investments as of June 30, 2003 (Unaudited)
<Table>
<Caption>
Principal
Amount
(000) Description Value (Note 1)
- -----------------------------------------------------------------------------------------
Bank Note 1.5%
Lasalle National Bank
$ 100,000 1.23%, 8/5/03 $ 100,000,000
- -------------------------------------------------------------------------------------
Certificates of Deposit - Canadian 4.9%
Toronto-Dominion Bank AU
84,966 1.04%, 8/18/03 84,966,000
200,000 1.20%, 10/7/03 200,000,000
50,000 1.10%, 11/6/03 50,000,000
----------------
334,966,000
- -------------------------------------------------------------------------------------
Certificates of Deposit - Domestic 1.0%
First Tennessee Bank NA
70,000 1.21%, 7/22/03 69,998,356
- -------------------------------------------------------------------------------------
Certificates of Deposit - Eurodollar 3.2%
Alliance & Leicester PLC
95,000 0.99%, 9/17/03 95,014,326
Barclays Bank PLC
60,000 0.93%, 9/24/03 60,001,403
Depfa Bank PLC
30,000 1.225%, 9/8/03 30,000,000
Deutsche Bank AG
30,000 1.18%, 11/10/03 30,008,637
----------------
215,024,366
- -------------------------------------------------------------------------------------
Certificates of Deposit - Yankee 19.5%
Abbey National Treasury Services PLC
100,000 1.60%, 11/25/03 100,000,000
Bayerische Landesbank
125,000 1.28%, 12/1/03 125,000,000
BNP Paribas
40,721 1.375%, 7/1/03 40,721,000
Credit Agricole Indosuez
100,000 1.15%, 8/11/03 100,000,000
Credit Suisse First Boston
300,000 1.27%, 7/7/03 300,000,000
</Table>
See Notes to Financial Statements 3
<Page>
MoneyMart Assets, Inc.
Portfolio of Investments as of June 30, 2003 (Unaudited) Cont'd.
<Table>
<Caption>
Principal
Amount
(000) Description Value (Note 1)
- -----------------------------------------------------------------------------------------
Danske Bank
$ 100,000 1.05%, 7/30/03 $ 100,000,000
100,000 1.32%, 10/23/03 100,000,000
Dresdner Bank AG(b)
100,000 1.30%, 7/3/03 100,000,000
Landesbank Hessen-Thuringren
50,000 1.10%, 12/8/03 50,000,000
25,000 1.10%, 12/8/03 25,000,000
Royal Bank Scotland
140,000 1.20%, 7/3/03 140,000,000
Societe Generale NY
100,000 1.33%, 3/31/04 100,000,000
25,000 1.16%, 4/12/04 24,999,019
UBS AG
25,000 1.245%, 3/17/04 24,999,109
----------------
1,330,719,128
- -------------------------------------------------------------------------------------
Commercial Paper 47.7%
Barton Capital Corp.
26,955 1.03%, 7/2/03 26,954,229
41,609 1.10%, 7/21/03 41,583,572
BASF AG
42,000 1.03%, 7/30/03 41,965,152
Cargill Inc.
40,000 1.04%, 9/8/03 39,920,267
42,000 1.04%, 10/6/03 41,882,306
CDC Commercial Paper Corp.
50,000 1.05%, 7/15/03 49,979,583
Delaware Funding Corp.
77,000 1.00%, 7/22/03 76,955,083
Den Norske Bank
45,000 1.205%, 9/5/03 44,900,588
Edison Asset Securitization LLC
73,430 1.20%, 7/11/03 73,405,523
75,000 1.22%, 9/8/03 74,824,625
82,500 1.21%, 9/10/03 82,303,123
</Table>
4 See Notes to Financial Statements
<Page>
MoneyMart Assets, Inc.
Portfolio of Investments as of June 30, 2003 (Unaudited) Cont'd.
<Table>
<Caption>
Principal
Amount
(000) Description Value (Note 1)
- -----------------------------------------------------------------------------------------
Falcon Asset Securitization Corp.
$ 13,000 1.07%, 7/14/03 $ 12,994,977
13,000 1.08%, 7/17/03 12,993,760
46,000 1.00%, 7/25/03 45,969,333
15,000 0.96%, 7/29/03 14,988,800
Fcar Owner Trust II
71,000 1.22%, 9/19/03 70,807,511
Fleet Funding Corp.
85,000 1.01%, 8/18/03 84,885,533
Forrestal Funding Master Trust
75,000 1.14%, 7/10/03 74,978,625
Fortis Funding LLC
100,000 1.13%, 7/8/03 99,978,028
44,517 0.93%, 7/21/03 44,493,999
GE Financial Assurance Holdings, Inc.(c)
100,000 1.00%, 7/24/03
(cost of $99,916,667, date purchased 6/23/03) 99,936,111
70,000 1.00%, 7/25/03
(cost of $69,939,722, date purchased 6/23/03) 69,953,333
Goldman Sachs Group, Inc.
19,000 1.28%, 8/29/03 18,960,142
Hamburgische Landesbank Girozentrale
37,108 1.32%, 10/17/03 36,961,052
150,000 1.28%, 11/24/03 149,221,334
68,422 1.26%, 12/22/03 68,005,310
HBOS Treasury Services PLC
25,900 1.05%, 7/16/03 25,888,669
51,024 1.08%, 9/9/03 50,916,849
HSBC Bank USA, Inc.
67,052 1.14%, 8/13/03 66,960,698
Independence Funding LLC
40,000 1.06%, 8/11/03 39,951,711
ING America Insurance Holdings, Inc.
7,000 1.00%, 7/8/03 6,998,639
50,000 1.22%, 7/8/03 49,988,139
J. P. Morgan Chase & Co.
150,000 1.28%, 7/21/03 149,893,333
100,000 1.28%, 7/22/03 99,925,334
</Table>
See Notes to Financial Statements 5
<Page>
MoneyMart Assets, Inc.
Portfolio of Investments as of June 30, 2003 (Unaudited) Cont'd.
<Table>
<Caption>
Principal
Amount
(000) Description Value (Note 1)
- -----------------------------------------------------------------------------------------
KBC Financial Products International Ltd.
$ 60,000 1.235%, 7/10/03 $ 59,981,475
Market Street Funding Corp.
14,000 1.09%, 7/18/03 13,992,794
Morgan Stanley Dean Witter Co.
125,000 1.04%, 7/18/03 124,938,611
Nationwide Building Society
26,000 1.15%, 9/8/03 25,942,692
40,000 1.09%, 9/10/03 39,914,011
Nordea North America, Inc.
60,000 1.05%, 7/14/03 59,977,250
Nordeutsche Landesbank Luxembourg
150,000 1.03%, 9/12/03 149,686,708
Nyala Funding LLC
65,000 1.02%, 8/15/03 64,917,125
PB Finance Delaware, Inc.
79,000 1.24%, 7/21/03 78,945,578
Preferred Receivables Funding Corp.
50,000 0.97%, 7/15/03 49,981,139
25,790 0.96%, 7/23/03 25,774,870
24,752 0.96%, 7/25/03 24,736,159
Prudential PLC
100,000 1.25%, 7/2/03 99,996,528
Santander Central Hispano Finance
50,000 1.03%, 9/12/03 49,895,569
Schlumberger Technology Corp.
28,461 1.21%, 9/2/03 28,400,734
Sheffield Receivables Corp.
40,000 1.08%, 7/15/03 39,983,200
25,000 1.05%, 8/11/03 24,970,104
Sony Global Treasury Services
8,751 1.23%, 8/21/03 8,735,751
10,360 1.23%, 8/26/03 10,340,178
Spintab-Swedmortgage AB
18,900 1.24%, 8/4/03 18,877,866
50,000 1.05%, 8/21/03 49,925,625
Stadshypotek Delaware, Inc.
25,000 1.24%, 7/21/03 24,982,778
</Table>
6 See Notes to Financial Statements
<Page>
MoneyMart Assets, Inc.
Portfolio of Investments as of June 30, 2003 (Unaudited) Cont'd.
<Table>
<Caption>
Principal
Amount
(000) Description Value (Note 1)
- -----------------------------------------------------------------------------------------
Swedbank, Inc.
$ 32,000 1.19%, 8/4/03 $ 31,964,036
26,000 1.13%, 8/13/03 25,964,907
39,000 1.20%, 9/2/03 38,918,100
Triple A One Funding Corp.
20,614 1.00%, 7/11/03 20,608,274
Variable Funding Capital Corp.
20,000 1.02%, 7/15/03 19,992,067
Volkswagon Of America Inc.
47,012 1.00%, 7/7/03 47,004,165
----------------
3,249,673,565
- -------------------------------------------------------------------------------------
Other Corporate Obligations 15.4%
American Express Credit Corp.(b)
45,000 1.34875%, 7/7/03 45,000,000
General Electric Capital Assurance Co.(b)(c)
49,000 1.1375%, 7/22/03
(cost of $49,000,000, date purchased 7/22/02) 49,000,000
General Electric Capital Corp.(b)
100,000 1.32%, 7/9/03 100,000,000
19,000 1.17%, 7/17/03 19,000,000
Goldman Sachs Group, Inc.
287,000 1.26875%, 9/15/03 287,000,000
Merrill Lynch & Co., Inc.(b)
172,000 1.3125%, 7/11/03 172,000,000
Metropolitan Life Insurance Co.(b)(c)
53,000 1.3875%, 7/3/03
(cost of $28,000,000, date purchased 10/18/02) 53,000,000
23,000 1.37%, 8/7/03
(cost of $23,000,000, date purchased 2/5/03) 23,000,000
28,000 1.13%, 9/24/03
(cost of $28,000,000, date purchased 10/18/02) 28,000,000
Morgan Stanley Dean Witter Co.(b)
143,000 1.28%, 7/15/03 143,000,000
Nyala Funding LLC
19,000 1.28%, 8/18/03 18,967,573
</Table>
See Notes to Financial Statements 7
<Page>
MoneyMart Assets, Inc.
Portfolio of Investments as of June 30, 2003 (Unaudited) Cont'd.
<Table>
<Caption>
Principal
Amount
(000) Description Value (Note 1)
- -----------------------------------------------------------------------------------------
Pacific Life Insurance(b)(c)
$ 19,000 1.32%, 9/11/03
(cost of $19,000,000, date purchased 9/3/02) $ 19,000,000
Travelers Insurance Co.(b)(c)
34,000 1.3575%, 7/8/03
(cost of $34,000,000, date purchased 6/25/02) 34,000,000
34,000 1.19%, 10/7/03
(cost of $34,000,000, date purchased 6/30/03) 34,000,000
United of Omaha Life Insurance(b)(c)
20,000 1.45%, 9/5/03
(cost of $20,000,000, date purchased 12/2/02) 20,000,000
----------------
1,044,967,573
- -------------------------------------------------------------------------------------
U.S. Government Agency Obligation 5.9%
Federal Home Loan Bank
66,145 3.75%, 4/15/04 67,437,022
50,000 1.42%, 4/21/04 50,000,000
100,000 1.40%, 6/2/04 100,000,000
125,000 1.23%, 7/6/04 125,000,000
Federal National Mortgage Assoc.
43,185 3.625%, 4/15/04 43,986,379
15,000 3.00%, 6/15/04 15,253,708
----------------
401,677,109
----------------
Total Investments 99.1%
(amortized cost $6,747,026,097)(a) 6,747,026,097
Other assets in excess of liabilities 0.9% 64,230,237
----------------
Net Assets 100% $ 6,811,256,334
----------------
----------------
</Table>
8 See Notes to Financial Statements
<Page>
MoneyMart Assets, Inc.
Portfolio of Investments as of June 30, 2003 (Unaudited) Cont'd.
AB--Antiebolag (Swedish Company).
AG--Aktiengesellschaft (Austrian, German or Swiss Corporation).
AU--Australian Company.
LLC--Limited Liability Company.
NA--North America.
PLC--Public Limited Company.
(a) Federal income tax basis for portfolio securities is the same as for
financial reporting purposes.
(b) Variable rate instrument. The maturity date presented for these instruments
is the later of the next date on which the security can be redeemed at par
or the next date on which the rate of interest is adjusted.
(c) Private placement restricted as to resale and does not have a readily
available market; the aggregate cost of such securities is $404,856,389 and
is approximately 5.9% of net assets.
See Notes to Financial Statements 9
<Page>
MoneyMart Assets, Inc.
Portfolio of Investments as of June 30, 2003 (Unaudited) Cont'd.
The industry classification of portfolio holdings and other assets in
excess of liabilities shown as a percentage of net assets as of June 30, 2003
was as follows:
Commercial Banks.................................................. 47.8%
Asset Backed Securities........................................... 13.6
Security Brokers & Dealers........................................ 11.0
Life Insurance.................................................... 7.8
Federal Credit Agencies........................................... 5.9
Bank Holding Commercial Paper US.................................. 3.7
Short-Term Business Credit........................................ 2.5
Finance Services.................................................. 2.1
Grain Mills Products.............................................. 1.2
Mortgage Bankers.................................................. 1.0
Fire, Marine, Casualty Insurance.................................. 0.8
Motor Vehicle Parts............................................... 0.7
Chemicals & Allied Products....................................... 0.6
Oil & Gas Field Service........................................... 0.4
Other assets in excess of liabilities............................. 0.9
-----
100.0%
-----
-----
10 See Notes to Financial Statements
<Page>
MoneyMart Assets, Inc.
Statement of Assets and Liabilities (Unaudited)
June 30, 2003
- -------------------------------------------------------------------------------
ASSETS
Investments, at amortized cost which approximates market
value $ 6,747,026,097
Cash 203,645
Receivable for Fund shares sold 188,093,844
Interest receivable 6,459,856
Deferred expenses 102,897
-----------------
Total assets 6,941,886,339
-----------------
LIABILITIES
Payable for Fund shares reacquired 90,152,976
Payable for investments purchased 34,000,000
Accrued expenses 3,332,340
Management fee payable 1,701,783
Dividends payable 757,824
Distribution fee payable 685,082
-----------------
Total liabilities 130,630,005
-----------------
NET ASSETS $ 6,811,256,334
-----------------
-----------------
Net assets were comprised of:
Common stock, at par ($.001 par value; 15 billion shares
authorized for issuance) $ 6,811,25
Paid-in capital in excess of par 6,804,445,078
-----------------
Net assets, June 30, 2003 $ 6,811,256,334
-----------------
-----------------
Class A:
Net asset value, offering price and redemption price per
share
($6,607,859,201 / 6,607,859,201 shares of common
stock issued and outstanding) $1.00
-----------------
-----------------
Class Z:
Net asset value, offering price and redemption price per
share
($203,397,133 / 203,397,133 shares of common stock
issued and outstanding) $1.00
-----------------
-----------------
See Notes to Financial Statements 11
<Page>
MoneyMart Assets, Inc.
Statement of Operations (Unaudited)
Six Months
Ended
June 30, 2003
- -------------------------------------------------------------------------------
NET INVESTMENT INCOME
Income
Interest $ 47,031,964
-----------------
Expenses
Management fee 10,599,596
Distribution fee--Class A 4,272,101
Transfer agent's fees and expenses 6,121,000
Reports to shareholders 241,000
Insurance 224,000
Custodian's fees and expenses 201,000
Registration fees 105,000
Legal fees and expenses 28,000
Director's fees and expenses 23,000
Audit fees 19,000
Miscellaneous 5,112
-----------------
Total expenses 21,838,809
-----------------
Net investment income 25,193,155
-----------------
NET REALIZED GAIN ON INVESTMENTS
Net realized gain on investment transactions 49,957
-----------------
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $ 25,243,112
-----------------
-----------------
12 See Notes to Financial Statements
<Page>
MoneyMart Assets, Inc.
Statement of Changes in Net Assets (Unaudited)
<Table>
<Caption>
Six Months Year
Ended Ended
June 30, 2003 December 31, 2002
- -----------------------------------------------------------------------------------
INCREASE (DECREASE) IN NET ASSETS
Operations
Net investment income $ 25,193,155 $ 97,338,104
Net realized gain on investment
transactions 49,957 6,719
----------------- -----------------
Net increase in net assets resulting
from operations 25,243,112 97,344,823
----------------- -----------------
Dividends and distributions to
shareholders
(Note 1)
Class A (24,412,914) (93,026,987)
Class Z (830,198) (4,317,836)
----------------- -----------------
(25,243,112) (97,344,823)
----------------- -----------------
Fund share transactions (Note 4)
(at $1.00 per share)
Proceeds from shares sold 12,962,614,363 24,452,898,431
Net asset value of shares issued to
shareholders in reinvestment of
dividends and distributions 22,875,395 94,275,800
Cost of shares reacquired (13,305,045,690) (24,129,854,631)
----------------- -----------------
Net increase (decrease) in net assets
from Fund share transactions (319,555,932) 417,319,600
----------------- -----------------
Total increase (decrease) (319,555,932) 417,319,600
NET ASSETS
Beginning of period 7,130,812,266 6,713,492,666
----------------- -----------------
End of period $ 6,811,256,334 $ 7,130,812,266
----------------- -----------------
----------------- -----------------
</Table>
See Notes to Financial Statements 13
<Page>
MoneyMart Assets, Inc.
Notes to Financial Statements
MoneyMart Assets, Inc. (the 'Fund'), formerly known as the Prudential
MoneyMart Assets Fund, Inc. is registered under the Investment Company Act of
1940 as a diversified, open-end management investment company. The Fund invests
primarily in a portfolio of money market instruments maturing in thirteen months
or less whose ratings are within the two highest rating categories by a
nationally recognized statistical rating organization or, if not rated, are of
comparable quality. The ability of the issuers of the securities held by the
Fund to meet their obligations may be affected by economic developments in a
specific industry or region.
Note 1. Accounting Policies
The following is a summary of significant accounting policies followed by the
Fund in the preparation of its financial statements.
Securities Valuations: Portfolio securities are valued at amortized
cost, which approximates market value. The amortized cost method involves
valuing a security at its cost on the date of purchase and thereafter assuming a
constant amortization to maturity of any discount or premium.
Securities Transactions and Net Investment Income: Security
transactions are recorded on the trade date. Realized gains (losses) on sales of
securities are calculated on the identified cost basis. The Fund amortizes
premiums and accretes discounts on purchases of portfolio securities as
adjustments to interest income. Interest income is recorded on the accrual
basis. Expenses are recorded on the accrual basis which may require the use of
certain estimates by management.
Repurchase Agreements: In connection with transactions in repurchase
agreements with U.S. financial institutions, it is the Fund's policy that its
custodian or designated subcustodians, as the case may be under triparty
repurchase agreements, take possession of the underlying collateral securities,
the value of which exceeds the principal amount of the repurchase transaction
including accrued interest. To the extent that any repurchase transaction
exceeds one business day, the value of the collateral is marked-to-market on a
daily basis to ensure the adequacy of the collateral. If the seller defaults and
the value of the collateral declines or if bankruptcy proceedings are commenced
with respect to the seller of the security, realization of the collateral by the
Fund may be delayed or limited.
Federal Income Taxes: It is the Fund's policy to continue to meet the
requirements of the Internal Revenue Code applicable to regulated investment
companies and to distribute all of its taxable net income and capital gains, if
any, to its shareholders. Therefore, no federal income tax provision is
required.
Dividends and Distributions: The Fund declares daily dividends from net
investment income and net realized short-term capital gains or losses. Payment
of
14
<Page>
MoneyMart Assets, Inc.
Notes to Financial Statements Cont'd.
dividends are made monthly. Income distributions and capital gain distributions
are determined in accordance with income tax regulations which may differ from
generally accepted accounting principles.
Note 2. Agreements
The Fund has a management agreement with Prudential Investments LLC ('PI' or
'Manager'). Pursuant to a subadvisory agreement between PI and Prudential
Investment Management, Inc. ('PIM' or 'Subadvisor'). PIM furnishes investment
advisory services in connection with the management of the Fund. Under the
subadvisory agreement, PIM, subject to the supervision of PI, is responsible for
managing the assets of the Fund in accordance with its investment objective and
policies. PI pays for the services of PIM, the cost of compensation of officers
of the Fund, occupancy and certain clerical and bookkeeping costs of the Fund.
The Fund bears all other costs and expenses.
The management fee paid PI is computed daily and payable monthly, at an
annual rate of .50 of 1% of the Fund's average daily net assets up to $50
million and .30 of 1% of the Fund's average daily net assets in excess of $50
million.
The Fund has a distribution agreement with Prudential Investment
Management Services LLC ('PIMS'), which acts as the distributor of the Class A
and Z shares of the Fund. The Fund reimburses the distributor for distributing
and servicing the Fund's Class A shares pursuant to the plan of distribution at
an annual rate of .125 of 1% of the average daily net assets of the Class A
shares. The Class A distribution fee is accrued daily and payable monthly. No
distribution or service fees are paid to PIMS as distributor of the Class Z
shares of the Fund.
PI, PIM and PIMS are indirect, wholly-owned subsidiaries of Prudential
Financial, Inc ('Prudential').
Note 3. Other Transactions with Affiliates
Prudential Mutual Fund Services LLC ('PMFS'), an affiliate of PI and an
indirect, wholly-owned subsidiary of Prudential, serves as the Fund's transfer
agent. During the six months ended June 30, 2003 the Fund incurred fees of
approximately $6,044,000 for the services of PMFS. As of June 30, 2003,
approximately $997,000 of transfer agency fees were due to PFMS.
Note 4. Capital
The Fund offers Class A and Class Z shares. Class Z shares are not subject to
any distribution and/or service fees and are offered exclusively for sale to a
limited group of investors.
15
<Page>
MoneyMart Assets, Inc.
Notes to Financial Statements Cont'd.
There are 15 billion authorized shares of $.001 par value common stock
divided into two classes, which consist of 13 billion Class A and 2 billion
Class Z shares.
Transactions in shares of common stock (at $1 net asset value per share)
were as follows:
<Table>
<Caption>
Six Months Year
Ended Ended
June 30, 2003 December 31, 2002
----------------- -----------------
Class A
- ----------------------------------------------
Shares sold $ 12,911,340,342 $ 23,911,022,067
Shares issued in reinvestment of dividends and
distributions 22,067,115 89,950,769
Shares reacquired (13,255,777,456) (23,511,503,799)
----------------- -----------------
Net increase (decrease) in shares outstanding $ (322,369,999) $ 489,469,037
----------------- -----------------
----------------- -----------------
<Caption>
Class Z
- ----------------------------------------------
Shares sold $ 51,274,021 $ 541,876,364
Shares issued in reinvestment of dividends and
distributions 808,280 4,325,031
Shares reacquired (49,268,234) (618,350,832)
----------------- -----------------
Net increase (decrease) in shares outstanding $ 2,814,067 $ (72,149,437)
----------------- -----------------
----------------- -----------------
</Table>
16
<Page>
SEMIANNUAL REPORT
JUNE 30, 2003
MONEYMART ASSETS, INC.
- -------------------------------------------------------------------------------
FINANCIAL HIGHLIGHTS
<Page>
MoneyMart Assets, Inc.
Financial Highlights (Unaudited)
<Table>
<Caption>
Class A
-----------------
Six Months Ended
June 30, 2003
- ---------------------------------------------------------------------------------------
PER SHARE OPERATING PERFORMANCE:
Net asset value, beginning of period $ 1.000
Net investment income and net realized gains .004
Dividends and distributions to shareholders (.004)
-----------------
Net asset value, end of period $ 1.000
-----------------
-----------------
TOTAL RETURN(a) 0.35%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000) $ 6,607,859
Average net assets (000) $ 6,892,009
Ratios to average net assets:
Expenses, including distribution and service (12b-1)
fees .62%(b)
Expenses, excluding distribution and service (12b-1)
fees .50%(b)
Net investment income .71%(b)
</Table>
- ------------------------------
(a) Total return is calculated assuming a purchase of shares on the first day
and a sale on the last day of each period reported and includes reinvestment
of dividends and distributions. Total returns for less than a full year are
not annualized.
(b) Annualized.
18 See Notes to Financial Statements
<Page>
MoneyMart Assets, Inc.
Financial Highlights (Unaudited) Cont'd.
<Table>
<Caption>
Class A
- ----------------------------------------------------------------------------------------------------
Year Ended December 31,
- ----------------------------------------------------------------------------------------------------
2002 2001 2000 1999 1998
- ----------------------------------------------------------------------------------------------------
$ 1.000 $ 1.000 $ 1.000 $ 1.000 $ 1.000
.013 .037 .058 .046 .050
(.013) (.037) (.058) (.046) (.050)
- ---------------- ---------------- ---------------- ---------------- ----------------
$ 1.000 $ 1.000 $ 1.000 $ 1.000 $ 1.000
- ---------------- ---------------- ---------------- ---------------- ----------------
- ---------------- ---------------- ---------------- ---------------- ----------------
1.35% 3.85% 5.94% 4.69% 5.06%
$6,930,229 $6,440,760 $6,529,282 $6,393,586 $6,152,044
$6,947,463 $6,846,656 $6,538,256 $6,292,031 $6,810,377
.61% .65% .67% .68% .69%
.48% .52% .54% .55% .57%
1.34% 3.76% 5.81% 4.60% 4.95%
</Table>
See Notes to Financial Statements 19
<Page>
MoneyMart Assets, Inc.
Financial Highlights (Unaudited) Cont'd.
<Table>
<Caption>
Class Z
----------------
Six Months Ended
June 30, 2003
- ----------------------------------------------------------------------------------------
PER SHARE OPERATING PERFORMANCE:
Net asset value, beginning of period $ 1.000
Net investment income and net realized gains .004
Dividends and distributions to shareholders (.004)
----------------
Net asset value, end of period $ 1.000
----------------
----------------
TOTAL RETURN(a) 0.41%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000) $203,397
Average net assets (000) $199,617
Ratios to average net assets:
Expenses, including distribution and service (12b-1) fees .50%(b)
Expenses, excluding distribution and service (12b-1) fees .50%(b)
Net investment income .84%(b)
</Table>
- ------------------------------
(a) Total return is calculated assuming a purchase of shares on the first day
and a sale on the last day of each period reported and includes reinvestment
of dividends and distributions. Total returns for less than a full year are
not annualized.
(b) Annualized.
20 See Notes to Financial Statements
<Page>
MoneyMart Assets, Inc.
Financial Highlights (Unaudited) Cont'd.
<Table>
<Caption>
Class Z
- ----------------------------------------------------------------------------------------------------
Year Ended December 31,
- ----------------------------------------------------------------------------------------------------
2002 2001 2000 1999 1998
- ----------------------------------------------------------------------------------------------------
$ 1.000 $ 1.000 $ 1.000 $ 1.000 $ 1.000
.015 .039 .059 .047 .051
(.015) (.039) (.059) (.047) (.051)
- ---------------- ---------------- ---------------- ---------------- ----------------
$ 1.000 $ 1.000 $ 1.000 $ 1.000 $ 1.000
- ---------------- ---------------- ---------------- ---------------- ----------------
- ---------------- ---------------- ---------------- ---------------- ----------------
1.48% 3.98% 6.07% 4.82% 5.19%
$200,583 $272,733 $253,173 $259,529 $212,280
$291,473 $283,850 $267,611 $227,112 $194,669
.48% .52% .54% .55% .57%
.48% .52% .54% .55% .57%
1.48% 3.84% 5.95% 4.74% 5.07%
</Table>
See Notes to Financial Statements 21
(800) 225-1852
- --------------------------------------------------------------------
FOR MORE INFORMATION
- --------------------------------------------------------------------
MoneyMart Assets, Inc.
Gateway Center Three
100 Mulberry Street
Newark, NJ 07102-4077
(800) 225-1852
Directors
David E.A. Carson
Robert F. Gunia
Robert E. La Blanc
Douglas H. McCorkindale
Stephen P. Munn
Richard A. Redeker
Judy A. Rice
Robin B. Smith
Stephen D. Stoneburn
Clay T. Whitehead
Officers
Judy A. Rice, President
Robert F. Gunia, Vice President
Grace C. Torres, Treasurer
Marguerite E.H. Morrison, Chief Legal
Officer and Assistant Secretary
Jonathan D. Shain, Secretary
Maryanne Ryan, Anti-Money Laundering
Compliance Officer
Manager
Prudential Investments LLC
Gateway Center Three
100 Mulberry Street
Newark, NJ 07102-4077
Investment Adviser
Prudential Investment Management, Inc.
Gateway Center Two
100 Mulberry Street
Newark, NJ 07102
Distributor
Prudential Investment Management Services LLC
Gateway Center Three, 14th Floor
100 Mulberry Street
Newark, NJ 07102-4077
Custodian
State Street Bank and Trust Company
One Heritage Drive
North Quincy, MA 02171
Transfer Agent
Prudential Mutual Fund Services LLC
PO Box 8098
Philadelphia, PA 19101
Independent Auditors
PricewaterhouseCoopers LLP
1177 Avenue of the Americas
New York, NY 10036
Legal Counsel
Sullivan & Cromwell LLP
125 Broad Street
New York, NY 10004-2498
Fund Symbols Nasdaq CUSIP
Class A PBMXX 60936A308
Class Z PMZXX 60936A407
The views expressed in this report and
information about the Fund's portfolio holdings
are for the period covered by this report and
are subject to change thereafter.
The accompanying financial statements as of
June 30, 2003, were not audited and, accordingly,
no auditor's opinion is expressed on them.
Mutual Funds:
ARE NOT INSURED BY THE FDIC OR ANY FEDERAL
GOVERNMENT AGENCY
MAY LOSE VALUE
ARE NOT A DEPOSIT OF OR GUARANTEED BY ANY BANK OR
ANY BANK AFFILIATE
Fund Symbols Nasdaq CUSIP
Class A PBMXX 60936A308
Class Z PMZXX 60936A407
MF108E2 IFS-A083137
<Page>
Item 2 -- Code of Ethics -- Not required in this filing
Item 3 -- Audit Committee Financial Expert -- Not required in this filing
Item 4 -- Principal Accountant Fees and Services -- Not required in this filing
Item 5 -- Reserved
Item 6 -- Reserved
Item 7 -- Disclosure of Proxy Voting Policies and Procedures for Closed-End
Management Investment Companies -- Not required in this filing
Item 8 -- Reserved
Item 9 -- Controls and Procedures
(a) It is the conclusion of the registrant's principal executive
officer and principal financial officer that the effectiveness of
the registrant's current disclosure controls and procedures (such
disclosure controls and procedures having been evaluated within
90 days of the date of this filing) provide reasonable assurance
that the information required to be disclosed by the registrant
has been recorded, processed, summarized and reported within the
time period specified in the Commission's rules and forms and
that the information required to be disclosed by the registrant
has been accumulated and communicated to the registrant's
principal executive officer and principal financial officer in
order to allow timely decisions regarding required disclosure.
(b) There have been no significant changes in the registrant's
internal controls or in other factors that could significantly
affect these controls subsequent to the date of their evaluation,
including any corrective actions with regard to significant
deficiencies and material weaknesses.
Item 10 -- Exhibits
(a) Code of Ethics -- Not required in this filing
(b) Certifications pursuant to Sections 302 and 906 of the
Sarbanes-Oxley Act -- Attached hereto
<Page>
Pursuant to the requirements of the Securities Exchange Act of 1934 and
the Investment Company Act of 1940, the registrant has duly caused this report
to be signed on its behalf by the undersigned, thereunto duly authorized.
Money Mart Assets, Inc.
By: /s/ Jonathan D. Shain
----------------------------------------------------------
Jonathan D. Shain
Secretary
Date: August 26, 2003
Pursuant to the requirements of the Securities Exchange Act of 1934 and
the Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
By: /s/ Judy A. Rice
----------------------------------------------------------
Judy A. Rice
President and Principal Executive Officer
Date: August 26, 2003
By: /s/ Grace C. Torres
----------------------------------------------------------
Grace C. Torres
Treasurer and Principal Financial Officer
Date: August 26, 2003