PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2022 (unaudited)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Long-Term Investments 90.8% | |||||
Corporate Bonds 6.5% | |||||
Brazil 0.3% | |||||
JSM Global Sarl, Gtd. Notes, 144A | 4.750 % | 10/20/30 | 200 | $178,520 | |
Jamaica 0.4% | |||||
Digicel Ltd., Gtd. Notes | 6.750 | 03/01/23 | 235 | 228,897 | |
Malaysia 0.3% | |||||
Gohl Capital Ltd., Gtd. Notes | 4.250 | 01/24/27 | 200 | 199,037 | |
Mexico 1.7% | |||||
America Movil SAB de CV, Sr. Unsec’d. Notes | 6.450 | 12/05/22 | MXN | 14,250 | 687,047 |
Petroleos Mexicanos, | |||||
Gtd. Notes | 5.350 | 02/12/28 | 40 | 39,182 | |
Gtd. Notes | 6.490 | 01/23/27 | 55 | 57,504 | |
Gtd. Notes | 6.500 | 03/13/27 | 80 | 83,553 | |
Gtd. Notes, MTN | 6.875 | 08/04/26 | 155 | 166,139 | |
1,033,425 | |||||
Russia 1.8% | |||||
Gazprom Capital OOO, | |||||
Gtd. Notes, Series BO03 | 7.150(cc) | 02/15/28 | RUB | 45,000 | 545,050 |
Gtd. Notes, Series BO05 | 8.900(cc) | 02/03/27 | RUB | 42,000 | 536,155 |
1,081,205 | |||||
South Africa 0.7% | |||||
Eskom Holdings SOC Ltd., Sr. Unsec’d. Notes, 144A, MTN | 6.750 | 08/06/23 | 200 | 203,081 | |
Sasol Financing USA LLC, Gtd. Notes | 5.875 | 03/27/24 | 200 | 206,219 | |
409,300 | |||||
Supranational Bank 1.3% | |||||
European Bank for Reconstruction & Development, | |||||
Sr. Unsec’d. Notes, EMTN | 7.500 | 05/15/22 | IDR | 900,000 | 63,245 |
Sr. Unsec’d. Notes, GMTN | 6.450 | 12/13/22 | IDR | 7,500,000 | 529,572 |
1
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Supranational Bank (cont’d.) | |||||
European Investment Bank, | |||||
Sr. Unsec’d. Notes, EMTN | 12.576 %(s) | 09/05/22 | TRY | 1,260 | $82,470 |
Sr. Unsec’d. Notes, EMTN | 3.000 | 05/24/24 | PLN | 600 | 143,516 |
818,803 | |||||
Total Corporate Bonds (cost $4,502,864) | 3,949,187 | ||||
Foreign Treasury Obligation 1.1% | |||||
Brazil | |||||
Brazil Letras do Tesouro Nacional, (cost $711,025) | 6.144(s) | 01/01/24 | BRL | 4,318 | 657,365 |
Sovereign Bonds 83.2% | |||||
Angola 0.7% | |||||
Angolan Government International Bond, Sr. Unsec’d. Notes | 9.500 | 11/12/25 | 400 | 437,756 | |
Argentina 0.2% | |||||
Argentine Republic Government International Bond, Sr. Unsec’d. Notes | 1.000 | 07/09/29 | 24 | 8,428 | |
Provincia de Buenos Aires, Sr. Unsec’d. Notes, 144A, MTN | 3.900(cc) | 09/01/37 | 249 | 106,512 | |
114,940 | |||||
Brazil 3.5% | |||||
Brazil Minas SPE via State of Minas Gerais, Gov’t. Gtd. Notes | 5.333 | 02/15/28 | 165 | 167,423 | |
Brazil Notas do Tesouro Nacional, | |||||
Notes, Series NTNB | 6.000 | 08/15/30 | BRL | 1,771 | 344,989 |
Notes, Series NTNF | 10.000 | 01/01/23 | BRL | 3,422 | 632,757 |
Notes, Series NTNF | 10.000 | 01/01/25 | BRL | 3,843 | 703,200 |
Notes, Series NTNF | 10.000 | 01/01/27 | BRL | 1,214 | 219,437 |
Notes, Series NTNF | 10.000 | 01/01/31 | BRL | 200 | 35,101 |
Brazilian Government International Bond, Sr. Unsec’d. Notes | 8.500 | 01/05/24 | BRL | 54 | 9,750 |
2,112,657 |
2
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Chile 2.2% | |||||
Bonos de la Tesoreria de la Republica en pesos, | |||||
Bonds | 4.500 % | 03/01/26 | CLP | 280,000 | $335,618 |
Bonds | 5.000 | 03/01/35 | CLP | 115,000 | 134,263 |
Bonds, 144A | 5.000 | 10/01/28 | CLP | 110,000 | 132,081 |
Bonds, Series 30YR | 6.000 | 01/01/43 | CLP | 135,000 | 173,368 |
Unsec’d. Notes, 144A | 2.300 | 10/01/28 | CLP | 175,000 | 177,750 |
Unsec’d. Notes, 144A | 2.800 | 10/01/33 | CLP | 50,000 | 46,966 |
Unsec’d. Notes, 144A | 4.700 | 09/01/30 | CLP | 250,000 | 293,050 |
1,293,096 | |||||
China 12.6% | |||||
China Government Bond, | |||||
Bonds, Series 1906 | 3.290 | 05/23/29 | CNH | 3,690 | 601,847 |
Bonds, Series 1910 | 3.860 | 07/22/49 | CNH | 1,610 | 275,428 |
Bonds, Series INBK | 1.990 | 04/09/25 | CNH | 6,500 | 1,007,800 |
Bonds, Series INBK | 2.680 | 05/21/30 | CNH | 11,500 | 1,788,049 |
Bonds, Series INBK | 2.850 | 06/04/27 | CNH | 10,500 | 1,673,764 |
Bonds, Series INBK | 3.010 | 05/13/28 | CNH | 3,620 | 580,692 |
Bonds, Series INBK | 3.270 | 11/19/30 | CNH | 4,200 | 685,992 |
Unsec’d. Notes, Series INBK | 3.030 | 03/11/26 | CNH | 2,500 | 401,847 |
Unsec’d. Notes, Series INBK | 3.810 | 09/14/50 | CNH | 3,410 | 580,775 |
7,596,194 | |||||
Colombia 3.2% | |||||
Colombian TES, | |||||
Bonds, Series B | 5.750 | 11/03/27 | COP | 250,000 | 55,307 |
Bonds, Series B | 6.000 | 04/28/28 | COP | 2,121,000 | 468,349 |
Bonds, Series B | 6.250 | 11/26/25 | COP | 557,300 | 132,613 |
Bonds, Series B | 7.000 | 06/30/32 | COP | 2,114,800 | 462,403 |
Bonds, Series B | 7.250 | 10/18/34 | COP | 777,800 | 169,159 |
Bonds, Series B | 7.250 | 10/26/50 | COP | 210,000 | 41,523 |
Bonds, Series B | 7.500 | 08/26/26 | COP | 1,150,900 | 281,538 |
Bonds, Series B | 7.750 | 09/18/30 | COP | 500,000 | 117,794 |
Bonds, Series G | 7.000 | 03/26/31 | COP | 759,800 | 168,642 |
Sr. Unsec’d. Notes | 3.750 | 06/16/49 | COP | 188,807 | 44,973 |
1,942,301 | |||||
Czech Republic 2.2% | |||||
Czech Republic Government Bond, | |||||
Bonds, Series 049 | 4.200 | 12/04/36 | CZK | 2,000 | 101,510 |
3
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Czech Republic (cont’d.) | |||||
Czech Republic Government Bond, (cont’d.) | |||||
Bonds, Series 078 | 2.500 % | 08/25/28 | CZK | 2,100 | $91,603 |
Bonds, Series 094 | 0.950 | 05/15/30 | CZK | 8,230 | 314,547 |
Bonds, Series 095 | 1.000 | 06/26/26 | CZK | 3,000 | 124,259 |
Bonds, Series 100 | 0.250 | 02/10/27 | CZK | 6,210 | 244,482 |
Bonds, Series 103 | 2.000 | 10/13/33 | CZK | 4,790 | 193,100 |
Bonds, Series 105 | 2.750 | 07/23/29 | CZK | 3,500 | 154,851 |
Bonds, Series 121 | 1.200 | 03/13/31 | CZK | 3,300 | 126,977 |
1,351,329 | |||||
Dominican Republic 0.2% | |||||
Dominican Republic International Bond, Sr. Unsec’d. Notes | 9.750 | 06/05/26 | DOP | 8,000 | 143,917 |
Hungary 2.1% | |||||
Hungary Government Bond, | |||||
Bonds, Series 2025, Class B | 5.500 | 06/24/25 | HUF | 67,870 | 220,687 |
Bonds, Series 26/D | 2.750 | 12/22/26 | HUF | 70,000 | 202,362 |
Bonds, Series 26/E | 1.500 | 04/22/26 | HUF | 115,000 | 319,431 |
Bonds, Series 27/A | 3.000 | 10/27/27 | HUF | 42,680 | 122,971 |
Bonds, Series 28/A | 6.750 | 10/22/28 | HUF | 51,060 | 178,259 |
Bonds, Series 34/A | 2.250 | 06/22/34 | HUF | 24,810 | 59,121 |
Bonds, Series 38/A | 3.000 | 10/27/38 | HUF | 21,890 | 53,219 |
Bonds, Series 51/G | 4.000 | 04/28/51 | HUF | 29,330 | 75,082 |
1,231,132 | |||||
Indonesia 10.4% | |||||
Indonesia Treasury Bond, | |||||
Bonds, Series 056 | 8.375 | 09/15/26 | IDR | 9,932,000 | 775,245 |
Bonds, Series 059 | 7.000 | 05/15/27 | IDR | 7,065,000 | 521,225 |
Bonds, Series 064 | 6.125 | 05/15/28 | IDR | 2,400,000 | 167,647 |
Bonds, Series 065 | 6.625 | 05/15/33 | IDR | 3,200,000 | 222,086 |
Bonds, Series 068 | 8.375 | 03/15/34 | IDR | 6,268,000 | 488,349 |
Bonds, Series 070 | 8.375 | 03/15/24 | IDR | 1,410,000 | 106,001 |
Bonds, Series 071 | 9.000 | 03/15/29 | IDR | 3,640,000 | 290,658 |
Bonds, Series 072 | 8.250 | 05/15/36 | IDR | 3,816,000 | 294,546 |
Bonds, Series 073 | 8.750 | 05/15/31 | IDR | 4,940,000 | 393,440 |
Bonds, Series 075 | 7.500 | 05/15/38 | IDR | 4,496,000 | 326,441 |
Bonds, Series 078 | 8.250 | 05/15/29 | IDR | 7,050,000 | 542,849 |
Bonds, Series 079 | 8.375 | 04/15/39 | IDR | 400,000 | 31,343 |
Bonds, Series 080 | 7.500 | 06/15/35 | IDR | 5,470,000 | 399,772 |
4
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Indonesia (cont’d.) | |||||
Indonesia Treasury Bond, (cont’d.) | |||||
Bonds, Series 081 | 6.500 % | 06/15/25 | IDR | 5,101,000 | $372,221 |
Bonds, Series 082 | 7.000 | 09/15/30 | IDR | 5,915,000 | 422,941 |
Bonds, Series 083 | 7.500 | 04/15/40 | IDR | 3,040,000 | 222,088 |
Bonds, Series 087 | 6.500 | 02/15/31 | IDR | 10,023,000 | 697,361 |
6,274,213 | |||||
Ivory Coast 0.2% | |||||
Ivory Coast Government International Bond, Sr. Unsec’d. Notes | 5.250 | 03/22/30 | EUR | 115 | 129,284 |
Malaysia 9.2% | |||||
1MDB Global Investments Ltd., Sr. Unsec’d. Notes | 4.400 | 03/09/23 | 1,000 | 1,000,883 | |
Malaysia Government Bond, | |||||
Bonds, Series 0115 | 3.955 | 09/15/25 | MYR | 1,650 | 406,122 |
Bonds, Series 0118 | 3.882 | 03/14/25 | MYR | 1,977 | 484,526 |
Bonds, Series 0219 | 3.885 | 08/15/29 | MYR | 2,200 | 534,027 |
Bonds, Series 0307 | 3.502 | 05/31/27 | MYR | 1,715 | 411,782 |
Bonds, Series 0310 | 4.498 | 04/15/30 | MYR | 740 | 186,103 |
Bonds, Series 0311 | 4.392 | 04/15/26 | MYR | 285 | 71,178 |
Bonds, Series 0316 | 3.900 | 11/30/26 | MYR | 2,625 | 644,542 |
Bonds, Series 0317 | 4.762 | 04/07/37 | MYR | 1,022 | 263,421 |
Bonds, Series 0411 | 4.232 | 06/30/31 | MYR | 280 | 69,342 |
Bonds, Series 0413 | 3.844 | 04/15/33 | MYR | 390 | 92,320 |
Bonds, Series 0415 | 4.254 | 05/31/35 | MYR | 700 | 170,972 |
Bonds, Series 0417 | 3.899 | 11/16/27 | MYR | 1,370 | 335,197 |
Bonds, Series 0419 | 3.828 | 07/05/34 | MYR | 760 | 178,161 |
Bonds, Series 0513 | 3.733 | 06/15/28 | MYR | 1,480 | 357,726 |
Bonds, Series 0519 | 3.757 | 05/22/40 | MYR | 900 | 201,726 |
Malaysia Government Investment Issue, Bonds, Series 0617 | 4.724 | 06/15/33 | MYR | 600 | 153,345 |
5,561,373 | |||||
Mexico 4.0% | |||||
Mexican Bonos, | |||||
Bonds, Series M | 7.750 | 05/29/31 | MXN | 8,210 | 400,138 |
Bonds, Series M | 8.000 | 11/07/47 | MXN | 8,628 | 418,838 |
Bonds, Series M30 | 10.000 | 11/20/36 | MXN | 2,355 | 136,538 |
Sr. Unsec’d. Notes, Series M | 7.750 | 11/13/42 | MXN | 6,987 | 330,507 |
Sr. Unsec’d. Notes, Series M20 | 8.500 | 05/31/29 | MXN | 8,000 | 407,928 |
5
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Mexico (cont’d.) | |||||
Mexican Bonos, (cont’d.) | |||||
Sr. Unsec’d. Notes, Series M30 | 8.500 % | 11/18/38 | MXN | 8,472 | $433,289 |
Mexican Udibonos, | |||||
Bonds, Series S | 2.750 | 11/27/31 | MXN | 3,021 | 137,967 |
Bonds, Series S | 4.500 | 12/04/25 | MXN | 3,081 | 156,703 |
2,421,908 | |||||
Nigeria 0.4% | |||||
Nigeria Government International Bond, Sr. Unsec’d. Notes | 7.625 | 11/21/25 | 200 | 215,350 | |
Pakistan 1.0% | |||||
Pakistan Government International Bond, Sr. Unsec’d. Notes | 8.250 | 09/30/25 | 200 | 210,708 | |
Third Pakistan International Sukuk Co. Ltd. (The), Sr. Unsec’d. Notes, 144A | 5.625 | 12/05/22 | 400 | 405,256 | |
615,964 | |||||
Peru 2.4% | |||||
Peru Government Bond, | |||||
Bonds | 5.940 | 02/12/29 | PEN | 1,360 | 357,437 |
Bonds | 6.950 | 08/12/31 | PEN | 190 | 52,216 |
Sr. Unsec’d. Notes | 5.350 | 08/12/40 | PEN | 1,000 | 219,382 |
Sr. Unsec’d. Notes | 5.400 | 08/12/34 | PEN | 580 | 136,351 |
Sr. Unsec’d. Notes | 6.150 | 08/12/32 | PEN | 855 | 220,134 |
Peruvian Government International Bond, | |||||
Sr. Unsec’d. Notes | 6.350 | 08/12/28 | PEN | 435 | 117,347 |
Sr. Unsec’d. Notes | 6.850 | 02/12/42 | PEN | 245 | 63,815 |
Sr. Unsec’d. Notes | 6.900 | 08/12/37 | PEN | 521 | 136,513 |
Sr. Unsec’d. Notes | 6.950 | 08/12/31 | PEN | 478 | 131,365 |
1,434,560 | |||||
Philippines 0.2% | |||||
Philippine Government Bond, Bonds, Series 1060 | 3.625 | 09/09/25 | PHP | 5,600 | 110,534 |
Poland 3.6% | |||||
Republic of Poland Government Bond, | |||||
Bonds, Series 0428 | 2.750 | 04/25/28 | PLN | 1,480 | 337,881 |
Bonds, Series 0725 | 3.250 | 07/25/25 | PLN | 761 | 182,734 |
6
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Poland (cont’d.) | |||||
Republic of Poland Government Bond, (cont’d.) | |||||
Bonds, Series 0726 | 2.500 % | 07/25/26 | PLN | 2,960 | $681,632 |
Bonds, Series 0727 | 2.500 | 07/25/27 | PLN | 1,600 | 362,298 |
Bonds, Series 1026 | 0.250 | 10/25/26 | PLN | 280 | 57,553 |
Bonds, Series 1029 | 2.750 | 10/25/29 | PLN | 1,740 | 390,189 |
Bonds, Series 1030 | 1.250 | 10/25/30 | PLN | 750 | 147,069 |
2,159,356 | |||||
Romania 2.0% | |||||
Romania Government Bond, | |||||
Bonds, Series 05YR | 3.650 | 07/28/25 | RON | 1,000 | 218,539 |
Bonds, Series 05YR | 4.250 | 06/28/23 | RON | 1,145 | 259,689 |
Bonds, Series 07YR | 3.250 | 04/29/24 | RON | 750 | 165,515 |
Bonds, Series 07YR | 4.850 | 04/22/26 | RON | 980 | 221,582 |
Bonds, Series 10YR | 5.000 | 02/12/29 | RON | 500 | 112,337 |
Bonds, Series 10YR | 5.850 | 04/26/23 | RON | 460 | 106,421 |
Bonds, Series 15YR | 3.650 | 09/24/31 | RON | 590 | 116,060 |
1,200,143 | |||||
Russia 3.5% | |||||
Russian Federal Bond - OFZ, | |||||
Bonds, Series 6212 | 7.050 | 01/19/28 | RUB | 7,215 | 83,420 |
Bonds, Series 6218 | 8.500 | 09/17/31 | RUB | 16,712 | 205,936 |
Bonds, Series 6219 | 7.750 | 09/16/26 | RUB | 12,000 | 145,638 |
Bonds, Series 6221 | 7.700 | 03/23/33 | RUB | 14,280 | 165,259 |
Bonds, Series 6224 | 6.900 | 05/23/29 | RUB | 27,635 | 312,240 |
Bonds, Series 6228 | 7.650 | 04/10/30 | RUB | 22,600 | 264,518 |
Bonds, Series 6229 | 7.150 | 11/12/25 | RUB | 7,500 | 89,961 |
Bonds, Series 6230 | 7.700 | 03/16/39 | RUB | 13,030 | 147,853 |
Bonds, Series 6232 | 6.000 | 10/06/27 | RUB | 8,500 | 93,728 |
Bonds, Series 6235 | 5.900 | 03/12/31(a) | RUB | 46,054 | 473,860 |
Russian Federal Inflation Linked Bond, Unsec’d. Notes, Series 2003 | 2.500 | 07/17/30 | RUB | 8,360 | 102,067 |
2,084,480 |
7
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Serbia 0.3% | |||||
Serbia Treasury Bonds, | |||||
Bonds, Series 07YR | 4.500 % | 01/11/26 | RSD | 9,460 | $94,405 |
Bonds, Series 12.5 | 4.500 | 08/20/32 | RSD | 6,240 | 62,402 |
156,807 | |||||
South Africa 11.0% | |||||
Republic of South Africa Government Bond, | |||||
Sr. Unsec’d. Notes, Series 2023 | 7.750 | 02/28/23 | ZAR | 1,500 | 100,004 |
Sr. Unsec’d. Notes, Series 2030 | 8.000 | 01/31/30 | ZAR | 18,835 | 1,132,220 |
Sr. Unsec’d. Notes, Series 2032 | 8.250 | 03/31/32 | ZAR | 8,470 | 496,380 |
Sr. Unsec’d. Notes, Series 2035 | 8.875 | 02/28/35 | ZAR | 6,104 | 357,018 |
Sr. Unsec’d. Notes, Series 2037 | 8.500 | 01/31/37 | ZAR | 6,520 | 361,193 |
Sr. Unsec’d. Notes, Series 2040 | 9.000 | 01/31/40 | ZAR | 4,130 | 234,699 |
Sr. Unsec’d. Notes, Series 2044 | 8.750 | 01/31/44 | ZAR | 5,485 | 299,957 |
Sr. Unsec’d. Notes, Series 2048 | 8.750 | 02/28/48 | ZAR | 10,375 | 566,238 |
Sr. Unsec’d. Notes, Series R186 | 10.500 | 12/21/26 | ZAR | 27,119 | 1,959,439 |
Sr. Unsec’d. Notes, Series R209 | 6.250 | 03/31/36 | ZAR | 3,850 | 175,977 |
Sr. Unsec’d. Notes, Series R213 | 7.000 | 02/28/31 | ZAR | 7,550 | 414,174 |
Sr. Unsec’d. Notes, Series R214 | 6.500 | 02/28/41 | ZAR | 11,980 | 520,665 |
6,617,964 | |||||
Thailand 6.6% | |||||
Thailand Government Bond, | |||||
Bonds | 1.600 | 12/17/29 | THB | 12,605 | 369,616 |
Bonds | 2.000 | 06/17/42 | THB | 5,080 | 131,564 |
Bonds | 2.875 | 12/17/28 | THB | 19,480 | 626,564 |
Bonds | 2.875 | 06/17/46 | THB | 6,065 | 177,571 |
Bonds | 3.300 | 06/17/38 | THB | 10,300 | 331,946 |
Bonds | 3.400 | 06/17/36 | THB | 9,585 | 312,929 |
Sr. Unsec’d. Notes | 1.600 | 06/17/35 | THB | 7,100 | 191,775 |
Sr. Unsec’d. Notes | 1.875 | 06/17/49 | THB | 1,063 | 24,990 |
Sr. Unsec’d. Notes | 2.000 | 12/17/31 | THB | 10,625 | 315,525 |
Sr. Unsec’d. Notes | 2.125 | 12/17/26 | THB | 21,535 | 669,121 |
Sr. Unsec’d. Notes | 3.650 | 06/20/31 | THB | 11,335 | 385,751 |
Sr. Unsec’d. Notes | 3.775 | 06/25/32 | THB | 13,125 | 449,937 |
3,987,289 | |||||
Turkey 0.7% | |||||
Turkey Government Bond, | |||||
Bonds | 8.500 | 09/14/22 | TRY | 395 | 28,243 |
8
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Turkey (cont’d.) | |||||
Turkey Government Bond, (cont’d.) | |||||
Bonds | 8.800 % | 09/27/23 | TRY | 500 | $31,157 |
Bonds | 9.000 | 07/24/24 | TRY | 2,700 | 154,807 |
Bonds | 12.200 | 01/18/23 | TRY | 2,315 | 164,676 |
Bonds | 12.400 | 03/08/28 | TRY | 1,000 | 50,662 |
429,545 | |||||
Ukraine 0.6% | |||||
Ukraine Government International Bond, | |||||
Sr. Unsec’d. Notes | 6.750 | 06/20/26 | EUR | 150 | 144,505 |
Sr. Unsec’d. Notes | 7.750 | 09/01/24 | 222 | 198,081 | |
342,586 | |||||
Uruguay 0.2% | |||||
Uruguay Government International Bond, | |||||
Sr. Unsec’d. Notes | 9.875 | 06/20/22 | UYU | 3,260 | 74,412 |
Sr. Unsec’d. Notes, 144A | 8.500 | 03/15/28 | UYU | 1,870 | 41,957 |
116,369 | |||||
Total Sovereign Bonds (cost $53,556,896) | 50,081,047 | ||||
Total Long-Term Investments (cost $58,770,785) | 54,687,599 |
Shares | |||||
Short-Term Investments 8.0% | |||||
Affiliated Mutual Fund 1.0% | |||||
PGIM Institutional Money Market Fund (cost $597,903; includes $597,852 of cash collateral for securities on loan)(b)(we) | 598,322 | 597,903 |
9
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2022 (unaudited) (continued)
Description | Shares | Value | |||
Unaffiliated Fund 6.9% | |||||
Dreyfus Government Cash Management (Institutional Shares) (cost $4,145,980) | 4,145,980 | $4,145,980 | |||
Options Purchased*~ 0.1% | |||||
(cost $98,290) | 67,878 | ||||
Total Short-Term Investments (cost $4,842,173) | 4,811,761 | ||||
TOTAL INVESTMENTS, BEFORE OPTIONS WRITTEN 98.8% (cost $63,612,958) | 59,499,360 | ||||
Options Written*~ (0.1)% | |||||
(premiums received $69,944) | (46,907) | ||||
TOTAL INVESTMENTS, NET OF OPTIONS WRITTEN 98.7% (cost $63,543,014) | 59,452,453 | ||||
Other assets in excess of liabilities(z) 1.3% | 767,328 | ||||
Net Assets 100.0% | $60,219,781 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: |
AUD—Australian Dollar | |
BRL—Brazilian Real | |
CAD—Canadian Dollar | |
CLP—Chilean Peso | |
CNH—Chinese Renminbi | |
COP—Colombian Peso | |
CZK—Czech Koruna | |
DOP—Dominican Peso | |
EGP—Egyptian Pound | |
EUR—Euro | |
HUF—Hungarian Forint | |
IDR—Indonesian Rupiah | |
ILS—Israeli Shekel | |
INR—Indian Rupee | |
JPY—Japanese Yen | |
KRW—South Korean Won | |
MXN—Mexican Peso | |
MYR—Malaysian Ringgit | |
PEN—Peruvian Nuevo Sol | |
PHP—Philippine Peso | |
PLN—Polish Zloty | |
RON—Romanian Leu | |
RSD—Serbian Dinar | |
RUB—Russian Ruble | |
SGD—Singapore Dollar | |
THB—Thai Baht | |
TRY—Turkish Lira |
10
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2022 (unaudited) (continued)
TWD—New Taiwanese Dollar | |
USD—US Dollar | |
UYU—Uruguayan Peso | |
ZAR—South African Rand |
144A—Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, pursuant to the requirements of Rule 144A, may not be resold except to qualified institutional buyers. | |
A—Annual payment frequency for swaps | |
BROIS—Brazil Overnight Index Swap | |
BUBOR—Budapest Interbank Offered Rate | |
CLOIS—Sinacofi Chile Interbank Rate Average | |
COOIS—Colombia Overnight Interbank Reference Rate | |
EMTN—Euro Medium Term Note | |
GMTN—Global Medium Term Note | |
JIBAR—Johannesburg Interbank Agreed Rate | |
KLIBOR—Kuala Lumpur Interbank Offered Rate | |
KWCDC—Korean Won Certificate of Deposit | |
M—Monthly payment frequency for swaps | |
MosPRIME—Moscow Prime Offered Rate | |
MTN—Medium Term Note | |
OFZ—Obligatsyi Federal’novo Zaima (Federal Loan Obligations) | |
OTC—Over-the-counter | |
PRIBOR—Prague Interbank Offered Rate | |
Q—Quarterly payment frequency for swaps | |
S—Semiannual payment frequency for swaps | |
T—Swap payment upon termination | |
THBFIX—Thai Baht Interest Rate Fixing | |
WIBOR—Warsaw Interbank Offered Rate |
* | Non-income producing security. |
# | Principal or notional amount is shown in U.S. dollars unless otherwise stated. |
~ | See tables subsequent to the Schedule of Investments for options detail. |
(a) | All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $485,567; cash collateral of $597,852 (included in liabilities) was received with which the Fund purchased highly liquid short-term investments. In the event of significant appreciation in value of securities on loan on the last business day of the reporting period, the Fund may reflect a collateral value that is less than the market value of the loaned securities and such shortfall is remedied the following business day. |
(b) | Represents security, or portion thereof, purchased with cash collateral received for securities on loan and includes dividend reinvestment. |
(cc) | Variable rate instrument. The rate shown is based on the latest available information as of January 31, 2022. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description. |
(s) | Represents zero coupon bond or principal only security. Rate represents yield to maturity at purchase date. |
(we) | PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Institutional Money Market Fund. |
(z) | Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments: |
11
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2022 (unaudited) (continued)
Options Purchased:
OTC Traded | ||||||||||||||||
Description | Call/ Put | Counterparty | Expiration Date | Strike | Contracts | Notional Amount (000)# | Value | |||||||||
Currency Option USD vs CNH | Call | JPMorgan Chase Bank, N.A. | 08/08/22 | 6.55 | — | 280 | $1,930 | |||||||||
Currency Option USD vs CNH | Call | JPMorgan Chase Bank, N.A. | 08/08/22 | 8.00 | — | 140 | 23 | |||||||||
Currency Option USD vs IDR | Call | Morgan Stanley & Co. International PLC | 04/28/22 | 16,500.00 | — | 684 | 245 | |||||||||
Currency Option USD vs IDR | Call | JPMorgan Chase Bank, N.A. | 04/28/22 | 24,500.00 | — | 684 | 2 | |||||||||
Currency Option USD vs MXN | Call | Morgan Stanley & Co. International PLC | 02/07/22 | 22.00 | — | 406 | 18 | |||||||||
Currency Option USD vs MXN | Call | Morgan Stanley & Co. International PLC | 03/17/22 | 21.25 | — | 1,400 | 11,359 | |||||||||
Currency Option USD vs RUB | Call | Goldman Sachs International | 06/09/22 | 83.00 | — | 818 | 28,161 | |||||||||
Currency Option USD vs ZAR | Call | Barclays Bank PLC | 05/10/22 | 16.00 | — | 912 | 20,779 | |||||||||
Currency Option USD vs CNH | Put | JPMorgan Chase Bank, N.A. | 08/08/22 | 5.60 | — | 280 | 13 | |||||||||
Currency Option USD vs IDR | Put | JPMorgan Chase Bank, N.A. | 04/28/22 | 14,300.00 | — | 684 | 5,173 | |||||||||
Currency Option USD vs MXN | Put | Morgan Stanley & Co. International PLC | 02/03/22 | 19.00 | — | 543 | — | |||||||||
Currency Option USD vs RUB | Put | Goldman Sachs International | 06/09/22 | 58.00 | — | 818 | 101 | |||||||||
Currency Option USD vs TRY | Put | Goldman Sachs International | 02/04/22 | 7.00 | — | 269 | — | |||||||||
Currency Option USD vs ZAR | Put | Barclays Bank PLC | 05/10/22 | 12.25 | — | 912 | 74 | |||||||||
Total Options Purchased (cost $98,290) | $67,878 |
Options Written:
OTC Traded | |||||||||||||||
Description | Call/ Put | Counterparty | Expiration Date | Strike | Contracts | Notional Amount (000)# | Value | ||||||||
Currency Option USD vs CNH | Call | JPMorgan Chase Bank, N.A. | 08/08/22 | 6.90 | — | 420 | $(722) | ||||||||
Currency Option USD vs IDR | Call | JPMorgan Chase Bank, N.A. | 04/28/22 | 16,500.00 | — | 684 | (245) | ||||||||
Currency Option USD vs MXN | Call | Morgan Stanley & Co. International PLC | 03/17/22 | 22.50 | — | 1,400 | (2,441) |
12
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2022 (unaudited) (continued)
Options Written (continued):
OTC Traded | |||||||||||||||
Description | Call/ Put | Counterparty | Expiration Date | Strike | Contracts | Notional Amount (000)# | Value | ||||||||
Currency Option USD vs RUB | Call | Goldman Sachs International | 06/09/22 | 90.00 | — | 818 | $(15,725) | ||||||||
Currency Option USD vs ZAR | Call | Barclays Bank PLC | 05/10/22 | 17.50 | — | 912 | (5,914) | ||||||||
Currency Option USD vs CNH | Put | JPMorgan Chase Bank, N.A. | 08/08/22 | 6.40 | — | 280 | (2,604) | ||||||||
Currency Option USD vs IDR | Put | Morgan Stanley & Co. International PLC | 04/28/22 | 14,300.00 | — | 684 | (5,173) | ||||||||
Currency Option USD vs MXN | Put | Morgan Stanley & Co. International PLC | 02/03/22 | 20.40 | — | 543 | (217) | ||||||||
Currency Option USD vs RUB | Put | Goldman Sachs International | 06/09/22 | 71.00 | — | 818 | (3,728) | ||||||||
Currency Option USD vs TRY | Put | Goldman Sachs International | 02/04/22 | 11.25 | — | 269 | (1) | ||||||||
Currency Option USD vs ZAR | Put | Barclays Bank PLC | 05/10/22 | 14.75 | — | 912 | (10,137) | ||||||||
Total Options Written (premiums received $69,944) | $(46,907) |
Futures contracts outstanding at January 31, 2022: | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Short Positions: | ||||||||
7 | 2 Year U.S. Treasury Notes | Mar. 2022 | $1,516,594 | $11,822 | ||||
1 | 5 Year Euro-Bobl | Mar. 2022 | 148,565 | 2,392 | ||||
11 | 5 Year U.S. Treasury Notes | Mar. 2022 | 1,311,234 | 17,308 | ||||
2 | 10 Year U.S. Treasury Notes | Mar. 2022 | 255,938 | 3,326 | ||||
1 | Euro Schatz Index | Mar. 2022 | 125,686 | 393 | ||||
$35,241 |
Forward foreign currency exchange contracts outstanding at January 31, 2022:
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
Australian Dollar, | |||||||||||||
Expiring 04/19/22 | JPMorgan Chase Bank, N.A. | AUD | 213 | $152,000 | $150,922 | $— | $(1,078) |
13
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2022 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2022 (continued):
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Brazilian Real, | |||||||||||||
Expiring 02/02/22 | Barclays Bank PLC | BRL | 422 | $73,616 | $79,442 | $5,826 | $— | ||||||
Expiring 02/02/22 | Credit Suisse International | BRL | 17,454 | 3,084,802 | 3,285,234 | 200,432 | — | ||||||
Expiring 02/02/22 | HSBC Bank PLC | BRL | 3,074 | 540,000 | 578,671 | 38,671 | — | ||||||
Expiring 02/02/22 | JPMorgan Chase Bank, N.A. | BRL | 1,568 | 273,000 | 295,077 | 22,077 | — | ||||||
Expiring 02/02/22 | Morgan Stanley & Co. International PLC | BRL | 561 | 97,823 | 105,621 | 7,798 | — | ||||||
Expiring 03/03/22 | Credit Suisse International | BRL | 19,524 | 3,596,907 | 3,648,182 | 51,275 | — | ||||||
Chilean Peso, | |||||||||||||
Expiring 03/16/22 | HSBC Bank PLC | CLP | 94,393 | 111,900 | 117,175 | 5,275 | — | ||||||
Chinese Renminbi, | |||||||||||||
Expiring 02/18/22 | JPMorgan Chase Bank, N.A. | CNH | 1,965 | 306,000 | 308,003 | 2,003 | — | ||||||
Expiring 02/18/22 | JPMorgan Chase Bank, N.A. | CNH | 469 | 73,266 | 73,557 | 291 | — | ||||||
Expiring 02/18/22 | Morgan Stanley & Co. International PLC | CNH | 2,345 | 367,533 | 367,617 | 84 | — | ||||||
Expiring 02/18/22 | UBS AG | CNH | 263 | 41,046 | 41,231 | 185 | — | ||||||
Colombian Peso, | |||||||||||||
Expiring 03/16/22 | Barclays Bank PLC | COP | 130,211 | 32,618 | 32,805 | 187 | — | ||||||
Expiring 03/16/22 | Citibank, N.A. | COP | 430,618 | 108,212 | 108,487 | 275 | — | ||||||
Expiring 03/16/22 | HSBC Bank PLC | COP | 651,712 | 160,000 | 164,189 | 4,189 | — | ||||||
Expiring 03/16/22 | Morgan Stanley & Co. International PLC | COP | 204,653 | 50,356 | 51,560 | 1,204 | — | ||||||
Expiring 03/16/22 | UBS AG | COP | 593,228 | 148,000 | 149,455 | 1,455 | — | ||||||
Czech Koruna, | |||||||||||||
Expiring 04/19/22 | Barclays Bank PLC | CZK | 33,151 | 1,528,087 | 1,517,446 | — | (10,641) | ||||||
Expiring 04/19/22 | Citibank, N.A. | CZK | 7,862 | 358,000 | 359,874 | 1,874 | — | ||||||
Expiring 04/19/22 | Citibank, N.A. | CZK | 7,106 | 324,299 | 325,255 | 956 | — | ||||||
Expiring 04/19/22 | JPMorgan Chase Bank, N.A. | CZK | 1,231 | 56,157 | 56,342 | 185 | — | ||||||
Expiring 04/19/22 | Morgan Stanley & Co. International PLC | CZK | 9,397 | 432,000 | 430,148 | — | (1,852) | ||||||
Egyptian Pound, | |||||||||||||
Expiring 03/02/22 | Morgan Stanley & Co. International PLC | EGP | 7,440 | 470,281 | 470,066 | — | (215) | ||||||
Hungarian Forint, | |||||||||||||
Expiring 04/19/22 | Barclays Bank PLC | HUF | 29,116 | 90,427 | 91,291 | 864 | — | ||||||
Expiring 04/19/22 | BNP Paribas S.A. | HUF | 263,271 | 832,900 | 825,477 | — | (7,423) |
14
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2022 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2022 (continued):
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Hungarian Forint (cont’d.), | |||||||||||||
Expiring 04/19/22 | Goldman Sachs International | HUF | 72,976 | $225,197 | $228,812 | $3,615 | $— | ||||||
Expiring 04/19/22 | JPMorgan Chase Bank, N.A. | HUF | 13,173 | 40,887 | 41,304 | 417 | — | ||||||
Indian Rupee, | |||||||||||||
Expiring 03/16/22 | Citibank, N.A. | INR | 32,602 | 437,000 | 434,586 | — | (2,414) | ||||||
Expiring 03/16/22 | HSBC Bank PLC | INR | 9,146 | 122,167 | 121,914 | — | (253) | ||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | INR | 131,328 | 1,727,835 | 1,750,628 | 22,793 | — | ||||||
Expiring 03/16/22 | Morgan Stanley & Co. International PLC | INR | 30,431 | 407,000 | 405,658 | — | (1,342) | ||||||
Expiring 03/16/22 | Morgan Stanley & Co. International PLC | INR | 1,597 | 21,301 | 21,284 | — | (17) | ||||||
Expiring 03/16/22 | Standard Chartered Bank | INR | 38,132 | 510,000 | 508,304 | — | (1,696) | ||||||
Expiring 03/16/22 | UBS AG | INR | 25,367 | 338,000 | 338,149 | 149 | — | ||||||
Indonesian Rupiah, | |||||||||||||
Expiring 03/16/22 | Citibank, N.A. | IDR | 2,481,247 | 171,026 | 172,550 | 1,524 | — | ||||||
Expiring 03/16/22 | HSBC Bank PLC | IDR | 10,685,306 | 738,619 | 743,073 | 4,454 | — | ||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | IDR | 4,715,994 | 327,000 | 327,958 | 958 | — | ||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | IDR | 3,929,111 | 271,535 | 273,237 | 1,702 | — | ||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | IDR | 683,378 | 47,792 | 47,523 | — | (269) | ||||||
Expiring 03/16/22 | Morgan Stanley & Co. International PLC | IDR | 1,792,066 | 123,752 | 124,623 | 871 | — | ||||||
Expiring 03/16/22 | Standard Chartered Bank | IDR | 4,596,224 | 317,000 | 319,629 | 2,629 | — | ||||||
Expiring 03/16/22 | Standard Chartered Bank | IDR | 4,237,952 | 293,000 | 294,714 | 1,714 | — | ||||||
Japanese Yen, | |||||||||||||
Expiring 04/19/22 | The Toronto-Dominion Bank | JPY | 36,871 | 319,865 | 320,705 | 840 | — | ||||||
Malaysian Ringgit, | |||||||||||||
Expiring 03/16/22 | Barclays Bank PLC | MYR | 1,792 | 421,368 | 428,454 | 7,086 | — | ||||||
Expiring 03/16/22 | Barclays Bank PLC | MYR | 254 | 60,000 | 60,665 | 665 | — | ||||||
Expiring 03/16/22 | Goldman Sachs International | MYR | 568 | 135,000 | 135,717 | 717 | — | ||||||
Expiring 03/16/22 | Morgan Stanley & Co. International PLC | MYR | 355 | 83,861 | 84,800 | 939 | — | ||||||
Mexican Peso, | |||||||||||||
Expiring 03/16/22 | BNP Paribas S.A. | MXN | 3,168 | 152,000 | 152,419 | 419 | — | ||||||
Expiring 03/16/22 | BNP Paribas S.A. | MXN | 1,132 | 53,164 | 54,466 | 1,302 | — | ||||||
Expiring 03/16/22 | Citibank, N.A. | MXN | 11,256 | 545,000 | 541,486 | — | (3,514) |
15
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2022 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2022 (continued):
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Mexican Peso (cont’d.), | |||||||||||||
Expiring 03/16/22 | Goldman Sachs International | MXN | 465 | $21,929 | $22,372 | $443 | $— | ||||||
Expiring 03/16/22 | HSBC Bank PLC | MXN | 3,154 | 147,000 | 151,750 | 4,750 | — | ||||||
Expiring 03/16/22 | Morgan Stanley & Co. International PLC | MXN | 26,754 | 1,232,916 | 1,287,051 | 54,135 | — | ||||||
Expiring 03/16/22 | Morgan Stanley & Co. International PLC | MXN | 26,754 | 1,234,167 | 1,287,051 | 52,884 | — | ||||||
Philippine Peso, | |||||||||||||
Expiring 03/16/22 | HSBC Bank PLC | PHP | 7,863 | 153,000 | 153,328 | 328 | — | ||||||
Expiring 03/16/22 | HSBC Bank PLC | PHP | 4,457 | 86,000 | 86,901 | 901 | — | ||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | PHP | 24,926 | 484,000 | 486,040 | 2,040 | — | ||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | PHP | 17,191 | 332,000 | 335,219 | 3,219 | — | ||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | PHP | 17,148 | 330,000 | 334,379 | 4,379 | — | ||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | PHP | 14,306 | 275,000 | 278,953 | 3,953 | — | ||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | PHP | 11,971 | 231,000 | 233,429 | 2,429 | — | ||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | PHP | 10,954 | 212,544 | 213,595 | 1,051 | — | ||||||
Expiring 03/16/22 | Morgan Stanley & Co. International PLC | PHP | 3,144 | 61,871 | 61,299 | — | (572) | ||||||
Expiring 03/16/22 | Standard Chartered Bank | PHP | 18,253 | 353,000 | 355,934 | 2,934 | — | ||||||
Expiring 03/16/22 | Standard Chartered Bank | PHP | 13,672 | 265,000 | 266,608 | 1,608 | — | ||||||
Expiring 03/16/22 | Standard Chartered Bank | PHP | 12,808 | 253,000 | 249,755 | — | (3,245) | ||||||
Polish Zloty, | |||||||||||||
Expiring 04/19/22 | HSBC Bank PLC | PLN | 15,951 | 4,016,363 | 3,885,430 | — | (130,933) | ||||||
Romanian Leu, | |||||||||||||
Expiring 04/19/22 | BNP Paribas S.A. | RON | 2,844 | 647,639 | 641,824 | — | (5,815) | ||||||
Expiring 04/19/22 | JPMorgan Chase Bank, N.A. | RON | 330 | 74,398 | 74,427 | 29 | — | ||||||
Russian Ruble, | |||||||||||||
Expiring 03/16/22 | Barclays Bank PLC | RUB | 4,751 | 62,918 | 60,674 | — | (2,244) | ||||||
Expiring 03/16/22 | Citibank, N.A. | RUB | 1,103 | 14,112 | 14,087 | — | (25) | ||||||
Expiring 03/16/22 | Goldman Sachs International | RUB | 42,483 | 530,000 | 542,553 | 12,553 | — | ||||||
Expiring 03/16/22 | Goldman Sachs International | RUB | 10,487 | 135,000 | 133,932 | — | (1,068) | ||||||
Expiring 03/16/22 | HSBC Bank PLC | RUB | 30,356 | 392,304 | 387,680 | — | (4,624) | ||||||
Expiring 03/16/22 | HSBC Bank PLC | RUB | 7,926 | 105,000 | 101,221 | — | (3,779) |
16
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2022 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2022 (continued):
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Russian Ruble (cont’d.), | |||||||||||||
Expiring 03/16/22 | Morgan Stanley & Co. International PLC | RUB | 61,735 | $804,814 | $788,416 | $— | $(16,398) | ||||||
Expiring 03/16/22 | Morgan Stanley & Co. International PLC | RUB | 10,797 | 143,000 | 137,883 | — | (5,117) | ||||||
Expiring 03/16/22 | Morgan Stanley & Co. International PLC | RUB | 10,000 | 129,000 | 127,710 | — | (1,290) | ||||||
Expiring 03/16/22 | Morgan Stanley & Co. International PLC | RUB | 8,770 | 111,794 | 112,004 | 210 | — | ||||||
Expiring 03/16/22 | Morgan Stanley & Co. International PLC | RUB | 8,679 | 115,000 | 110,844 | — | (4,156) | ||||||
Singapore Dollar, | |||||||||||||
Expiring 03/16/22 | HSBC Bank PLC | SGD | 730 | 542,000 | 540,226 | — | (1,774) | ||||||
South African Rand, | |||||||||||||
Expiring 03/16/22 | Barclays Bank PLC | ZAR | 2,295 | 143,000 | 148,375 | 5,375 | — | ||||||
Expiring 03/16/22 | Barclays Bank PLC | ZAR | 2,177 | 135,000 | 140,753 | 5,753 | — | ||||||
Expiring 03/16/22 | Barclays Bank PLC | ZAR | 1,855 | 115,000 | 119,924 | 4,924 | — | ||||||
Expiring 03/16/22 | Citibank, N.A. | ZAR | 4,979 | 313,542 | 321,889 | 8,347 | — | ||||||
Expiring 03/16/22 | Citibank, N.A. | ZAR | 1,024 | 63,611 | 66,224 | 2,613 | — | ||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | ZAR | 2,211 | 135,000 | 142,954 | 7,954 | — | ||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | ZAR | 905 | 57,160 | 58,520 | 1,360 | — | ||||||
Expiring 03/16/22 | The Toronto-Dominion Bank | ZAR | 2,854 | 176,000 | 184,507 | 8,507 | — | ||||||
South Korean Won, | |||||||||||||
Expiring 03/16/22 | Citibank, N.A. | KRW | 459,143 | 381,000 | 380,393 | — | (607) | ||||||
Expiring 03/16/22 | Morgan Stanley & Co. International PLC | KRW | 405,499 | 338,000 | 335,949 | — | (2,051) | ||||||
Thai Baht, | |||||||||||||
Expiring 03/16/22 | Citibank, N.A. | THB | 5,960 | 180,000 | 178,992 | — | (1,008) | ||||||
Expiring 03/16/22 | HSBC Bank PLC | THB | 12,415 | 373,000 | 372,832 | — | (168) | ||||||
Expiring 03/16/22 | HSBC Bank PLC | THB | 11,726 | 351,000 | 352,123 | 1,123 | — | ||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | THB | 6,922 | 207,000 | 207,874 | 874 | — | ||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | THB | 2,569 | 77,258 | 77,150 | — | (108) | ||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | THB | 2,196 | 65,440 | 65,933 | 493 | — | ||||||
Expiring 03/16/22 | Morgan Stanley & Co. International PLC | THB | 10,703 | 321,000 | 321,415 | 415 | — |
17
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2022 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2022 (continued):
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Turkish Lira, | |||||||||||||
Expiring 03/16/22 | Barclays Bank PLC | TRY | 1,152 | $86,000 | $84,519 | $— | $(1,481) | ||||||
Expiring 03/16/22 | HSBC Bank PLC | TRY | 772 | 53,543 | 56,684 | 3,141 | — | ||||||
$38,265,922 | $38,645,370 | 596,625 | (217,177) |
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 04/19/22 | JPMorgan Chase Bank, N.A. | AUD | 643 | $463,958 | $454,684 | $9,274 | $— | ||||||
Brazilian Real, | |||||||||||||
Expiring 02/02/22 | Credit Suisse International | BRL | 19,524 | 3,622,215 | 3,674,731 | — | (52,516) | ||||||
Expiring 02/02/22 | Credit Suisse International | BRL | 846 | 154,000 | 159,157 | — | (5,157) | ||||||
Expiring 02/02/22 | Credit Suisse International | BRL | 646 | 114,000 | 121,609 | — | (7,609) | ||||||
Expiring 02/02/22 | JPMorgan Chase Bank, N.A. | BRL | 907 | 159,679 | 170,719 | — | (11,040) | ||||||
Expiring 02/02/22 | Morgan Stanley & Co. International PLC | BRL | 1,157 | 201,758 | 217,830 | — | (16,072) | ||||||
Expiring 03/03/22 | Citibank, N.A. | BRL | 1,487 | 274,000 | 277,806 | — | (3,806) | ||||||
Expiring 03/03/22 | Goldman Sachs International | BRL | 1,138 | 212,622 | 212,636 | — | (14) | ||||||
Chilean Peso, | |||||||||||||
Expiring 03/16/22 | Barclays Bank PLC | CLP | 219,208 | 257,317 | 272,115 | — | (14,798) | ||||||
Expiring 03/16/22 | Morgan Stanley & Co. International PLC | CLP | 123,959 | 151,000 | 153,877 | — | (2,877) | ||||||
Expiring 03/16/22 | UBS AG | CLP | 122,210 | 151,000 | 151,706 | — | (706) | ||||||
Chinese Renminbi, | |||||||||||||
Expiring 02/18/22 | BNP Paribas S.A. | CNH | 3,358 | 524,245 | 526,386 | — | (2,141) | ||||||
Expiring 02/18/22 | BNP Paribas S.A. | CNH | 2,588 | 407,259 | 405,665 | 1,594 | — | ||||||
Expiring 02/18/22 | Citibank, N.A. | CNH | 3,035 | 475,000 | 475,683 | — | (683) | ||||||
Expiring 02/18/22 | Deutsche Bank AG | CNH | 8,849 | 1,378,267 | 1,387,028 | — | (8,761) | ||||||
Expiring 02/18/22 | Goldman Sachs International | CNH | 2,467 | 384,473 | 386,740 | — | (2,267) | ||||||
Expiring 02/18/22 | HSBC Bank PLC | CNH | 3,370 | 529,036 | 528,123 | 913 | — | ||||||
Expiring 02/18/22 | HSBC Bank PLC | CNH | 3,018 | 472,000 | 472,995 | — | (995) | ||||||
Expiring 02/18/22 | HSBC Bank PLC | CNH | 2,224 | 347,000 | 348,610 | — | (1,610) |
18
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2022 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2022 (continued):
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Chinese Renminbi (cont’d.), | |||||||||||||
Expiring 02/18/22 | HSBC Bank PLC | CNH | 996 | $155,000 | $156,093 | $— | $(1,093) | ||||||
Expiring 02/18/22 | JPMorgan Chase Bank, N.A. | CNH | 2,360 | 370,000 | 369,959 | 41 | — | ||||||
Expiring 02/18/22 | JPMorgan Chase Bank, N.A. | CNH | 670 | 104,947 | 105,013 | — | (66) | ||||||
Expiring 02/18/22 | Morgan Stanley & Co. International PLC | CNH | 3,810 | 595,000 | 597,131 | — | (2,131) | ||||||
Colombian Peso, | |||||||||||||
Expiring 03/16/22 | BNP Paribas S.A. | COP | 727,690 | 182,798 | 183,330 | — | (532) | ||||||
Expiring 03/16/22 | Goldman Sachs International | COP | 1,043,876 | 262,313 | 262,988 | — | (675) | ||||||
Expiring 03/16/22 | Morgan Stanley & Co. International PLC | COP | 245,231 | 60,649 | 61,782 | — | (1,133) | ||||||
Czech Koruna, | |||||||||||||
Expiring 04/19/22 | Citibank, N.A. | CZK | 4,038 | 183,000 | 184,841 | — | (1,841) | ||||||
Euro, | |||||||||||||
Expiring 04/19/22 | BNP Paribas S.A. | EUR | 101 | 115,069 | 113,748 | 1,321 | — | ||||||
Expiring 04/19/22 | Morgan Stanley & Co. International PLC | EUR | 184 | 211,261 | 207,029 | 4,232 | — | ||||||
Hungarian Forint, | |||||||||||||
Expiring 04/19/22 | BNP Paribas S.A. | HUF | 76,274 | 241,530 | 239,154 | 2,376 | — | ||||||
Expiring 04/19/22 | BNP Paribas S.A. | HUF | 67,651 | 214,000 | 212,115 | 1,885 | — | ||||||
Expiring 04/19/22 | BNP Paribas S.A. | HUF | 44,129 | 137,280 | 138,366 | — | (1,086) | ||||||
Expiring 04/19/22 | HSBC Bank PLC | HUF | 52,567 | 165,000 | 164,821 | 179 | — | ||||||
Expiring 04/19/22 | Morgan Stanley & Co. International PLC | HUF | 41,099 | 126,720 | 128,865 | — | (2,145) | ||||||
Indian Rupee, | |||||||||||||
Expiring 03/16/22 | Credit Suisse International | INR | 23,731 | 311,000 | 316,344 | — | (5,344) | ||||||
Expiring 03/16/22 | Goldman Sachs International | INR | 18,929 | 248,623 | 252,330 | — | (3,707) | ||||||
Expiring 03/16/22 | HSBC Bank PLC | INR | 37,271 | 488,000 | 496,831 | — | (8,831) | ||||||
Expiring 03/16/22 | HSBC Bank PLC | INR | 11,380 | 153,000 | 151,699 | 1,301 | — | ||||||
Expiring 03/16/22 | HSBC Bank PLC | INR | 6,463 | 86,000 | 86,152 | — | (152) | ||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | INR | 11,399 | 152,000 | 151,953 | 47 | — | ||||||
Expiring 03/16/22 | Morgan Stanley & Co. International PLC | INR | 11,316 | 152,000 | 150,839 | 1,161 | — | ||||||
Expiring 03/16/22 | Morgan Stanley & Co. International PLC | INR | 2,026 | 26,656 | 27,001 | — | (345) |
19
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2022 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2022 (continued):
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Indonesian Rupiah, | |||||||||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | IDR | 14,452,896 | $994,488 | $1,005,077 | $— | $(10,589) | ||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | IDR | 3,806,513 | 265,000 | 264,711 | 289 | — | ||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | IDR | 3,780,888 | 263,000 | 262,929 | 71 | — | ||||||
Expiring 03/16/22 | Morgan Stanley & Co. International PLC | IDR | 6,220,002 | 433,000 | 432,549 | 451 | — | ||||||
Expiring 03/16/22 | Morgan Stanley & Co. International PLC | IDR | 3,098,387 | 215,645 | 215,467 | 178 | — | ||||||
Expiring 03/16/22 | Standard Chartered Bank | IDR | 5,763,514 | 400,000 | 400,804 | — | (804) | ||||||
Expiring 03/16/22 | Standard Chartered Bank | IDR | 4,694,300 | 325,000 | 326,449 | — | (1,449) | ||||||
Expiring 03/16/22 | Standard Chartered Bank | IDR | 3,101,082 | 216,000 | 215,654 | 346 | — | ||||||
Israeli Shekel, | |||||||||||||
Expiring 03/16/22 | Citibank, N.A. | ILS | 1,545 | 489,967 | 488,418 | 1,549 | — | ||||||
Expiring 03/16/22 | Citibank, N.A. | ILS | 425 | 136,000 | 134,297 | 1,703 | — | ||||||
Expiring 03/16/22 | Citibank, N.A. | ILS | 224 | 72,244 | 70,684 | 1,560 | — | ||||||
Mexican Peso, | |||||||||||||
Expiring 03/16/22 | Bank of America, N.A. | MXN | 6,540 | 318,000 | 314,600 | 3,400 | — | ||||||
Expiring 03/16/22 | Goldman Sachs International | MXN | 2,554 | 123,200 | 122,870 | 330 | — | ||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | MXN | 4,273 | 206,293 | 205,536 | 757 | — | ||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | MXN | 2,194 | 105,516 | 105,566 | — | (50) | ||||||
Expiring 03/16/22 | UBS AG | MXN | 5,384 | 259,140 | 259,013 | 127 | — | ||||||
Expiring 03/16/22 | UBS AG | MXN | 3,098 | 150,798 | 149,044 | 1,754 | — | ||||||
New Taiwanese Dollar, | |||||||||||||
Expiring 03/16/22 | Barclays Bank PLC | TWD | 8,913 | 323,000 | 321,598 | 1,402 | — | ||||||
Expiring 03/16/22 | Citibank, N.A. | TWD | 40,370 | 1,466,087 | 1,456,607 | 9,480 | — | ||||||
Expiring 03/16/22 | Credit Suisse International | TWD | 17,302 | 628,142 | 624,260 | 3,882 | — | ||||||
Expiring 03/16/22 | Credit Suisse International | TWD | 15,060 | 546,000 | 543,384 | 2,616 | — | ||||||
Expiring 03/16/22 | Credit Suisse International | TWD | 10,485 | 381,000 | 378,302 | 2,698 | — | ||||||
Expiring 03/16/22 | HSBC Bank PLC | TWD | 6,853 | 250,000 | 247,273 | 2,727 | — | ||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | TWD | 8,654 | 314,000 | 312,258 | 1,742 | — | ||||||
Expiring 03/16/22 | Morgan Stanley & Co. International PLC | TWD | 1,504 | 54,605 | 54,256 | 349 | — |
20
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2022 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2022 (continued):
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Peruvian Nuevo Sol, | |||||||||||||
Expiring 03/16/22 | Goldman Sachs International | PEN | 648 | $163,000 | $167,696 | $— | $(4,696) | ||||||
Expiring 03/16/22 | Standard Chartered Bank | PEN | 1,122 | 273,525 | 290,543 | — | (17,018) | ||||||
Philippine Peso, | |||||||||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | PHP | 69,255 | 1,364,645 | 1,350,459 | 14,186 | — | ||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | PHP | 7,793 | 151,000 | 151,963 | — | (963) | ||||||
Expiring 03/16/22 | Standard Chartered Bank | PHP | 15,833 | 312,000 | 308,746 | 3,254 | — | ||||||
Polish Zloty, | |||||||||||||
Expiring 04/19/22 | UBS AG | PLN | 1,064 | 261,000 | 259,269 | 1,731 | — | ||||||
Russian Ruble, | |||||||||||||
Expiring 03/16/22 | Barclays Bank PLC | RUB | 21,938 | 289,421 | 280,164 | 9,257 | — | ||||||
Expiring 03/16/22 | Barclays Bank PLC | RUB | 5,253 | 67,500 | 67,082 | 418 | — | ||||||
Expiring 03/16/22 | HSBC Bank PLC | RUB | 28,591 | 375,000 | 365,129 | 9,871 | — | ||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | RUB | 9,048 | 118,000 | 115,556 | 2,444 | — | ||||||
Expiring 03/16/22 | Morgan Stanley & Co. International PLC | RUB | 15,333 | 202,000 | 195,815 | 6,185 | — | ||||||
Expiring 03/16/22 | Morgan Stanley & Co. International PLC | RUB | 13,510 | 177,000 | 172,540 | 4,460 | — | ||||||
Expiring 03/16/22 | Morgan Stanley & Co. International PLC | RUB | 10,514 | 140,000 | 134,279 | 5,721 | — | ||||||
Expiring 03/16/22 | Morgan Stanley & Co. International PLC | RUB | 3,323 | 43,690 | 42,438 | 1,252 | — | ||||||
Singapore Dollar, | |||||||||||||
Expiring 03/16/22 | Citibank, N.A. | SGD | 460 | 339,765 | 340,611 | — | (846) | ||||||
Expiring 03/16/22 | HSBC Bank PLC | SGD | 3,844 | 2,813,160 | 2,844,960 | — | (31,800) | ||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | SGD | 225 | 165,000 | 166,567 | — | (1,567) | ||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | SGD | 78 | 57,443 | 57,872 | — | (429) | ||||||
Expiring 03/16/22 | Morgan Stanley & Co. International PLC | SGD | 463 | 340,000 | 342,578 | — | (2,578) | ||||||
South African Rand, | |||||||||||||
Expiring 03/16/22 | Bank of America, N.A. | ZAR | 2,154 | 134,000 | 139,267 | — | (5,267) | ||||||
Expiring 03/16/22 | Barclays Bank PLC | ZAR | 21,891 | 1,367,349 | 1,415,264 | — | (47,915) | ||||||
Expiring 03/16/22 | Barclays Bank PLC | ZAR | 8,420 | 524,187 | 544,346 | — | (20,159) | ||||||
Expiring 03/16/22 | Barclays Bank PLC | ZAR | 7,103 | 453,257 | 459,233 | — | (5,976) | ||||||
Expiring 03/16/22 | Barclays Bank PLC | ZAR | 2,449 | 149,000 | 158,355 | — | (9,355) | ||||||
Expiring 03/16/22 | Citibank, N.A. | ZAR | 2,422 | 156,766 | 156,598 | 168 | — |
21
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2022 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2022 (continued):
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
South African Rand (cont’d.), | |||||||||||||
Expiring 03/16/22 | Goldman Sachs International | ZAR | 2,389 | $148,000 | $154,429 | $— | $(6,429) | ||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | ZAR | 6,695 | 430,170 | 432,817 | — | (2,647) | ||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | ZAR | 2,358 | 152,000 | 152,447 | — | (447) | ||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | ZAR | 994 | 64,105 | 64,278 | — | (173) | ||||||
Expiring 03/16/22 | The Toronto-Dominion Bank | ZAR | 15,112 | 936,750 | 977,002 | — | (40,252) | ||||||
Expiring 03/16/22 | The Toronto-Dominion Bank | ZAR | 1,728 | 110,760 | 111,730 | — | (970) | ||||||
South Korean Won, | |||||||||||||
Expiring 03/16/22 | BNP Paribas S.A. | KRW | 174,390 | 147,805 | 144,480 | 3,325 | — | ||||||
Expiring 03/16/22 | Credit Suisse International | KRW | 475,329 | 399,000 | 393,802 | 5,198 | — | ||||||
Expiring 03/16/22 | HSBC Bank PLC | KRW | 467,666 | 388,000 | 387,454 | 546 | — | ||||||
Expiring 03/16/22 | HSBC Bank PLC | KRW | 318,315 | 264,000 | 263,719 | 281 | — | ||||||
Expiring 03/16/22 | HSBC Bank PLC | KRW | 205,657 | 171,590 | 170,384 | 1,206 | — | ||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | KRW | 482,722 | 407,000 | 399,928 | 7,072 | — | ||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | KRW | 391,248 | 330,000 | 324,143 | 5,857 | — | ||||||
Expiring 03/16/22 | Morgan Stanley & Co. International PLC | KRW | 37,307 | 30,925 | 30,908 | 17 | — | ||||||
Expiring 03/16/22 | Standard Chartered Bank | KRW | 406,597 | 339,000 | 336,859 | 2,141 | — | ||||||
Expiring 03/16/22 | Standard Chartered Bank | KRW | 294,609 | 246,000 | 244,079 | 1,921 | — | ||||||
Thai Baht, | |||||||||||||
Expiring 03/16/22 | JPMorgan Chase Bank, N.A. | THB | 37,898 | 1,116,131 | 1,138,103 | — | (21,972) | ||||||
Expiring 03/16/22 | Morgan Stanley & Co. International PLC | THB | 12,472 | 370,378 | 374,527 | — | (4,149) | ||||||
Expiring 03/16/22 | Morgan Stanley & Co. International PLC | THB | 11,664 | 353,000 | 350,265 | 2,735 | — | ||||||
Expiring 03/16/22 | Morgan Stanley & Co. International PLC | THB | 2,935 | 86,827 | 88,136 | — | (1,309) | ||||||
Expiring 03/16/22 | Standard Chartered Bank | THB | 5,017 | 151,000 | 150,660 | 340 | — |
22
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2022 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2022 (continued):
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Turkish Lira, | |||||||||||||
Expiring 03/16/22 | Morgan Stanley & Co. International PLC | TRY | 713 | $52,100 | $52,359 | $— | $(259) | ||||||
Expiring 03/16/22 | Standard Chartered Bank | TRY | 809 | 55,000 | 59,401 | — | (4,401) | ||||||
$41,144,049 | $41,397,330 | 151,321 | (404,602) | ||||||||||
$747,946 | $(621,779) |
Cross currency exchange contracts outstanding at January 31, 2022: | ||||||||||||||
Settlement | Type | Notional Amount (000) | In Exchange For (000) | Unrealized Appreciation | Unrealized Depreciation | Counterparty | ||||||||
OTC Cross Currency Exchange Contracts: | ||||||||||||||
04/19/22 | Buy | AUD | 216 | CAD | 193 | $1,054 | $— | Morgan Stanley & Co. International PLC | ||||||
04/19/22 | Buy | EUR | 133 | PLN | 607 | 1,811 | — | HSBC Bank PLC | ||||||
04/19/22 | Buy | EUR | 133 | PLN | 608 | 1,518 | — | UBS AG | ||||||
$4,383 | $— |
Interest rate swap agreements outstanding at January 31, 2022:
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2022 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements: | ||||||||||||||
BRL | 3,324 | 01/02/23 | 6.450%(T) | 1 Day BROIS(2)(T) | $— | $(27,709) | $(27,709) | |||||||
BRL | 1,374 | 01/02/24 | 4.590%(T) | 1 Day BROIS(2)(T) | — | (30,465) | (30,465) | |||||||
BRL | 3,769 | 01/02/25 | 5.755%(T) | 1 Day BROIS(2)(T) | — | (81,306) | (81,306) | |||||||
BRL | 1,478 | 01/02/25 | 5.840%(T) | 1 Day BROIS(2)(T) | — | (29,641) | (29,641) | |||||||
BRL | 2,354 | 01/02/25 | 7.950%(T) | 1 Day BROIS(2)(T) | — | (33,574) | (33,574) | |||||||
BRL | 2,540 | 01/02/25 | 8.140%(T) | 1 Day BROIS(1)(T) | — | 30,415 | 30,415 | |||||||
BRL | 3,723 | 01/02/25 | 9.070%(T) | 1 Day BROIS(1)(T) | — | 33,702 | 33,702 | |||||||
BRL | 3,378 | 01/02/25 | 11.078%(T) | 1 Day BROIS(2)(T) | — | (1,298) | (1,298) |
23
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2022 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2022 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2022 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
BRL | 2,333 | 01/02/25 | 11.190%(T) | 1 Day BROIS(2)(T) | $— | $765 | $765 | |||||||
BRL | 6,633 | 01/02/25 | 11.258%(T) | 1 Day BROIS(2)(T) | — | 4,104 | 4,104 | |||||||
BRL | 668 | 01/04/27 | 6.325%(T) | 1 Day BROIS(2)(T) | — | (21,981) | (21,981) | |||||||
BRL | 1,056 | 01/04/27 | 6.529%(T) | 1 Day BROIS(2)(T) | — | (32,382) | (32,382) | |||||||
BRL | 2,414 | 01/04/27 | 7.060%(T) | 1 Day BROIS(1)(T) | 20,737 | 73,773 | 53,036 | |||||||
BRL | 1,885 | 01/04/27 | 7.745%(T) | 1 Day BROIS(1)(T) | — | 46,636 | 46,636 | |||||||
BRL | 1,366 | 01/04/27 | 8.020%(T) | 1 Day BROIS(2)(T) | — | (32,452) | (32,452) | |||||||
BRL | 1,954 | 01/04/27 | 8.565%(T) | 1 Day BROIS(2)(T) | — | (35,760) | (35,760) | |||||||
BRL | 744 | 01/04/27 | 9.300%(T) | 1 Day BROIS(1)(T) | — | 9,932 | 9,932 | |||||||
BRL | 1,788 | 01/04/27 | 10.250%(T) | 1 Day BROIS(1)(T) | — | 9,196 | 9,196 | |||||||
BRL | 4,561 | 01/04/27 | 10.490%(T) | 1 Day BROIS(1)(T) | 10,709 | 15,511 | 4,802 | |||||||
BRL | 1,249 | 01/04/27 | 11.085%(T) | 1 Day BROIS(1)(T) | — | (391) | (391) | |||||||
BRL | 1,688 | 01/04/27 | 11.755%(T) | 1 Day BROIS(2)(T) | — | 13,128 | 13,128 | |||||||
BRL | 1,601 | 01/04/27 | 12.200%(T) | 1 Day BROIS(2)(T) | — | 19,063 | 19,063 | |||||||
CLP | 1,063,900 | 01/06/25 | 5.633%(S) | 1 Day CLOIS(1)(S) | — | 5,644 | 5,644 | |||||||
CLP | 1,220,850 | 01/31/25 | 6.216%(S) | 1 Day CLOIS(1)(S) | — | (18,731) | (18,731) | |||||||
CLP | 288,400 | 06/23/26 | 3.165%(S) | 1 Day CLOIS(1)(S) | — | 34,798 | 34,798 | |||||||
CLP | 268,200 | 07/12/26 | 3.505%(S) | 1 Day CLOIS(2)(S) | — | (27,924) | (27,924) | |||||||
CLP | 128,690 | 01/10/27 | 5.630%(S) | 1 Day CLOIS(1)(S) | — | (551) | (551) | |||||||
CLP | 207,630 | 02/02/32 | 5.565%(S) | 1 Day CLOIS(2)(S) | — | 504 | 504 | |||||||
CNH | 2,100 | 06/15/25 | 2.175%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (2) | 97 | 99 | |||||||
CNH | 3,515 | 06/19/25 | 2.200%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | (5) | 580 | 585 | |||||||
CNH | 3,085 | 10/30/25 | 2.535%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | 19 | 5,944 | 5,925 |
24
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2022 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2022 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2022 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
CNH | 5,800 | 07/12/26 | 2.640%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | $— | $15,973 | $15,973 | |||||||
CNH | 2,360 | 07/27/26 | 2.553%(Q) | 7 Day China Fixing Repo Rates(2)(Q) | — | 5,116 | 5,116 | |||||||
COP | 950,000 | 12/12/23 | 5.530%(Q) | 1 Day COOIS(2)(Q) | — | (3,566) | (3,566) | |||||||
COP | 10,020,000 | 01/31/24 | 6.670%(Q) | 1 Day COOIS(1)(Q) | 576 | (3,054) | (3,630) | |||||||
COP | 3,390,000 | 09/30/26 | 5.830%(Q) | 1 Day COOIS(1)(Q) | 10,919 | 35,317 | 24,398 | |||||||
COP | 606,920 | 01/12/27 | 6.850%(Q) | 1 Day COOIS(1)(Q) | — | 220 | 220 | |||||||
COP | 1,148,410 | 01/12/27 | 6.910%(Q) | 1 Day COOIS(1)(Q) | — | (335) | (335) | |||||||
COP | 211,800 | 11/09/31 | 6.650%(Q) | 1 Day COOIS(2)(Q) | — | (1,511) | (1,511) | |||||||
CZK | 7,610 | 09/22/26 | 2.360%(A) | 6 Month PRIBOR(2)(S) | — | (24,251) | (24,251) | |||||||
CZK | 18,300 | 12/08/26 | 3.110%(A) | 6 Month PRIBOR(2)(S) | (7,958) | (36,068) | (28,110) | |||||||
CZK | 6,507 | 06/15/31 | 1.730%(A) | 6 Month PRIBOR(2)(S) | — | (44,618) | (44,618) | |||||||
CZK | 6,085 | 10/08/31 | 2.450%(A) | 6 Month PRIBOR(2)(S) | (6,777) | (26,760) | (19,983) | |||||||
CZK | 6,070 | 01/27/32 | 3.445%(A) | 6 Month PRIBOR(2)(S) | — | (4,520) | (4,520) | |||||||
HUF | 157,860 | 09/03/26 | 2.660%(A) | 6 Month BUBOR(1)(S) | 5,523 | 48,487 | 42,964 | |||||||
HUF | 160,000 | 01/18/27 | 4.865%(A) | 6 Month BUBOR(1)(S) | — | 6,847 | 6,847 | |||||||
KRW | 3,200,000 | 01/07/27 | 2.178%(Q) | 3 Month KWCDC(1)(Q) | (4,084) | 4,878 | 8,962 | |||||||
MXN | 7,470 | 05/02/25 | 5.285%(M) | 28 Day Mexican Interbank Rate(2)(M) | 14 | (23,319) | (23,333) | |||||||
MXN | 14,446 | 03/11/26 | 4.845%(M) | 28 Day Mexican Interbank Rate(2)(M) | (12,644) | (66,279) | (53,635) | |||||||
MXN | 9,180 | 07/14/26 | 6.465%(M) | 28 Day Mexican Interbank Rate(2)(M) | (23) | (16,895) | (16,872) |
25
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2022 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2022 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2022 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
MXN | 4,160 | 07/15/26 | 6.430%(M) | 28 Day Mexican Interbank Rate(2)(M) | $(9) | $(7,940) | $(7,931) | |||||||
MXN | 14,940 | 08/24/26 | 6.418%(M) | 28 Day Mexican Interbank Rate(2)(M) | (23,665) | (29,532) | (5,867) | |||||||
MXN | 19,448 | 01/14/27 | 7.535%(M) | 28 Day Mexican Interbank Rate(1)(M) | (766) | (3,582) | (2,816) | |||||||
MXN | 2,040 | 01/28/30 | 6.640%(M) | 28 Day Mexican Interbank Rate(2)(M) | — | (5,212) | (5,212) | |||||||
MXN | 4,500 | 05/14/31 | 6.915%(M) | 28 Day Mexican Interbank Rate(2)(M) | (17) | (9,108) | (9,091) | |||||||
MXN | 4,450 | 07/24/31 | 6.780%(M) | 28 Day Mexican Interbank Rate(2)(M) | — | (11,383) | (11,383) | |||||||
MXN | 6,300 | 09/10/31 | 7.145%(M) | 28 Day Mexican Interbank Rate(2)(M) | — | (8,378) | (8,378) | |||||||
PLN | 2,450 | 10/05/23 | 1.350%(A) | 6 Month WIBOR(1)(S) | — | 25,068 | 25,068 | |||||||
PLN | 2,450 | 10/05/23 | 1.375%(A) | 6 Month WIBOR(1)(S) | — | 24,781 | 24,781 | |||||||
PLN | 2,360 | 12/15/23 | 2.400%(A) | 6 Month WIBOR(1)(S) | — | 20,046 | 20,046 | |||||||
PLN | 2,700 | 07/24/24 | 1.798%(A) | 6 Month WIBOR(2)(S) | — | (34,088) | (34,088) | |||||||
PLN | 5,007 | 12/17/24 | 3.260%(A) | 6 Month WIBOR(1)(S) | 15,565 | 33,406 | 17,841 | |||||||
PLN | 3,550 | 02/01/25 | 4.300%(A) | 6 Month WIBOR(1)(S) | — | 2,166 | 2,166 | |||||||
PLN | 2,730 | 09/08/25 | 0.637%(A) | 6 Month WIBOR(2)(S) | (2,656) | (78,518) | (75,862) | |||||||
PLN | 2,340 | 08/06/26 | 1.300%(A) | 6 Month WIBOR(2)(S) | (12,174) | (65,253) | (53,079) | |||||||
PLN | 1,980 | 09/03/26 | 1.570%(A) | 6 Month WIBOR(1)(S) | — | 49,779 | 49,779 | |||||||
PLN | 1,636 | 10/21/26 | 2.545%(A) | 6 Month WIBOR(2)(S) | 378 | (24,925) | (25,303) | |||||||
PLN | 4,210 | 01/10/27 | 3.930%(A) | 6 Month WIBOR(1)(S) | 2,281 | 10,903 | 8,622 |
26
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2022 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2022 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2022 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
PLN | 893 | 01/24/27 | 3.835%(A) | 6 Month WIBOR(2)(S) | $— | $(3,518) | $(3,518) | |||||||
PLN | 700 | 06/17/31 | 1.745%(A) | 6 Month WIBOR(1)(S) | — | 28,606 | 28,606 | |||||||
THB | 40,370 | 03/16/27 | 1.418%(S) | 6 Month THBFIX(1)(S) | — | (6,178) | (6,178) | |||||||
ZAR | 4,500 | 06/25/25 | 5.010%(Q) | 3 Month JIBAR(2)(Q) | (20) | (10,035) | (10,015) | |||||||
ZAR | 5,789 | 08/21/25 | 4.978%(Q) | 3 Month JIBAR(2)(Q) | (11,261) | (14,232) | (2,971) | |||||||
ZAR | 2,472 | 04/15/26 | 5.605%(Q) | 3 Month JIBAR(2)(Q) | (31) | (4,892) | (4,861) | |||||||
ZAR | 6,918 | 09/29/26 | 6.245%(Q) | 3 Month JIBAR(1)(Q) | 7,028 | 5,481 | (1,547) | |||||||
ZAR | 3,244 | 04/13/31 | 7.530%(Q) | 3 Month JIBAR(2)(Q) | (44) | (394) | (350) | |||||||
ZAR | 6,680 | 07/13/31 | 7.415%(Q) | 3 Month JIBAR(1)(Q) | 93 | 5,470 | 5,377 | |||||||
ZAR | 6,610 | 09/27/31 | 7.493%(Q) | 3 Month JIBAR(1)(Q) | 1,662 | 3,415 | 1,753 | |||||||
ZAR | 4,635 | 01/04/32 | 7.595%(Q) | 3 Month JIBAR(1)(Q) | 5,064 | 1,278 | (3,786) | |||||||
$(1,568) | $(311,480) | $(309,912) |
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Fair Value | Upfront Premiums Paid(Received) | Unrealized Appreciation (Depreciation) | Counterparty | ||||||||
OTC Interest Rate Swap Agreements: | |||||||||||||||
MYR | 1,700 | 01/24/27 | 3.115%(Q) | 3 Month KLIBOR(2)(Q) | $(545) | $(13) | $(532) | JPMorgan Chase Bank, N.A. | |||||||
RUB | 96,500 | 12/15/26 | 7.290%(A) | 3 Month MosPRIME(2)(Q) | (128,761) | — | (128,761) | Goldman Sachs International | |||||||
RUB | 21,000 | 12/15/26 | 7.995%(A) | 3 Month MosPRIME(2)(Q) | (20,469) | — | (20,469) | Morgan Stanley & Co. International PLC | |||||||
$(149,775) | $(13) | $(149,762) |
(1) | The Fund pays the fixed rate and receives the floating rate. |
(2) | The Fund pays the floating rate and receives the fixed rate. |
Other information regarding the Fund is available in the Fund’s most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
27