PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2023 (unaudited)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Long-Term Investments 82.5% | |||||
Corporate Bonds 1.3% | |||||
Brazil 0.1% | |||||
JSM Global Sarl, Gtd. Notes, 144A | 4.750 % | 10/20/30(d) | 200 | $31,000 | |
Jamaica 0.1% | |||||
Digicel Ltd., Gtd. Notes (original cost $217,321; purchased 04/19/18)(f) | 6.750 | 12/31/23 | 235 | 44,650 | |
Malaysia 0.3% | |||||
Gohl Capital Ltd., Gtd. Notes | 4.250 | 01/24/27 | 200 | 186,838 | |
South Africa 0.6% | |||||
Eskom Holdings SOC Ltd., Sr. Unsec’d. Notes, 144A, MTN | 6.750 | 08/06/23 | 200 | 199,540 | |
Sasol Financing USA LLC, Gtd. Notes | 4.375 | 09/18/26 | 200 | 180,836 | |
380,376 | |||||
Supranational Bank 0.2% | |||||
European Investment Bank, Sr. Unsec’d. Notes, EMTN | 3.000 | 05/24/24 | PLN | 600 | 144,985 |
Total Corporate Bonds (cost $1,179,418) | 787,849 | ||||
Sovereign Bonds 81.2% | |||||
Angola 0.3% | |||||
Angolan Government International Bond, Sr. Unsec’d. Notes | 9.500 | 11/12/25 | 200 | 200,310 | |
Brazil 4.9% | |||||
Brazil Minas SPE via State of Minas Gerais, Gov’t. Gtd. Notes | 5.333 | 02/15/28 | 118 | 115,164 | |
Brazil Notas do Tesouro Nacional, | |||||
Notes, Series NTNB | 6.000 | 08/15/30 | BRL | 2 | 428,430 |
Notes, Series NTNB | 6.000 | 05/15/35 | BRL | 1 | 120,777 |
Notes, Series NTNF | 10.000 | 01/01/25 | BRL | 4 | 873,083 |
Notes, Series NTNF | 10.000 | 01/01/27 | BRL | 6 | 1,316,429 |
1
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Brazil (cont’d.) | |||||
Brazil Notas do Tesouro Nacional, (cont’d.) | |||||
Notes, Series NTNF | 10.000 % | 01/01/31 | BRL | —(r) | $40,846 |
Brazilian Government International Bond, Sr. Unsec’d. Notes | 8.500 | 01/05/24 | BRL | 54 | 11,122 |
2,905,851 | |||||
Chile 1.0% | |||||
Bonos de la Tesoreria de la Republica en pesos, | |||||
Bonds | 5.000 | 03/01/35 | CLP | 115,000 | 134,400 |
Bonds, 144A | 5.000 | 10/01/28 | CLP | 110,000 | 129,423 |
Bonds, Series 30YR | 6.000 | 01/01/43 | CLP | 135,000 | 177,388 |
Unsec’d. Notes, 144A | 2.800 | 10/01/33 | CLP | 50,000 | 48,101 |
Unsec’d. Notes, 144A | 4.700 | 09/01/30 | CLP | 95,000 | 109,217 |
598,529 | |||||
China 3.9% | |||||
China Government Bond, | |||||
Bonds, Series 1910 | 3.860 | 07/22/49 | CNH | 680 | 109,014 |
Bonds, Series INBK | 1.990 | 04/09/25 | CNH | 6,890 | 961,674 |
Bonds, Series INBK | 2.680 | 05/21/30 | CNH | 1,090 | 152,930 |
Bonds, Series INBK | 2.850 | 06/04/27 | CNH | 3,370 | 479,865 |
Bonds, Series INBK | 3.270 | 11/19/30 | CNH | 2,890 | 423,675 |
Unsec’d. Notes, Series INBK | 3.810 | 09/14/50 | CNH | 1,240 | 197,863 |
2,325,021 | |||||
Colombia 4.7% | |||||
Colombia Government International Bond, Sr. Unsec’d. Notes | 4.500 | 01/28/26 | 200 | 192,252 | |
Colombian TES, | |||||
Bonds, Series B | 5.750 | 11/03/27 | COP | 250,000 | 54,674 |
Bonds, Series B | 6.000 | 04/28/28 | COP | 1,221,000 | 265,761 |
Bonds, Series B | 6.250 | 07/09/36 | COP | 1,644,000 | 299,524 |
Bonds, Series B | 7.000 | 03/26/31 | COP | 2,281,200 | 486,704 |
Bonds, Series B | 7.000 | 06/30/32 | COP | 2,648,100 | 553,165 |
Bonds, Series B | 7.250 | 10/18/34 | COP | 1,405,800 | 287,721 |
Bonds, Series B | 7.250 | 10/26/50 | COP | 210,000 | 37,959 |
Bonds, Series B | 7.750 | 09/18/30 | COP | 500,000 | 112,854 |
Bonds, Series B | 9.250 | 05/28/42 | COP | 1,094,100 | 249,301 |
2
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Colombia (cont’d.) | |||||
Colombian TES, (cont’d.) | |||||
Bonds, Series G | 7.000 % | 03/26/31 | COP | 759,800 | $162,547 |
Sr. Unsec’d. Notes, Series UVR | 3.750 | 06/16/49 | COP | 227,162 | 51,159 |
2,753,621 | |||||
Czech Republic 4.6% | |||||
Czech Republic Government Bond, | |||||
Bonds, Series 049 | 4.200 | 12/04/36 | CZK | 2,950 | 135,824 |
Bonds, Series 078 | 2.500 | 08/25/28 | CZK | 2,100 | 88,662 |
Bonds, Series 089 | 2.400 | 09/17/25 | CZK | 3,600 | 156,555 |
Bonds, Series 094 | 0.950 | 05/15/30 | CZK | 8,770 | 328,036 |
Bonds, Series 100 | 0.250 | 02/10/27 | CZK | 18,980 | 751,865 |
Bonds, Series 103 | 2.000 | 10/13/33 | CZK | 9,290 | 353,802 |
Bonds, Series 105 | 2.750 | 07/23/29 | CZK | 9,420 | 399,308 |
Bonds, Series 121 | 1.200 | 03/13/31 | CZK | 7,520 | 280,636 |
Bonds, Series 130 | 0.050 | 11/29/29 | CZK | 6,050 | 215,122 |
2,709,810 | |||||
Dominican Republic 0.3% | |||||
Dominican Republic International Bond, Sr. Unsec’d. Notes | 5.950 | 01/25/27 | 200 | 197,456 | |
Hungary 6.1% | |||||
Hungary Government Bond, | |||||
Bonds, Series 25/C | 1.000 | 11/26/25 | HUF | 181,520 | 431,741 |
Bonds, Series 26/D | 2.750 | 12/22/26 | HUF | 226,920 | 535,630 |
Bonds, Series 26/E | 1.500 | 04/22/26 | HUF | 198,840 | 466,203 |
Bonds, Series 26/F | 1.500 | 08/26/26 | HUF | 206,700 | 476,552 |
Bonds, Series 27/A | 3.000 | 10/27/27 | HUF | 42,680 | 100,718 |
Bonds, Series 28/A | 6.750 | 10/22/28 | HUF | 134,280 | 366,876 |
Bonds, Series 28/B | 4.500 | 03/23/28 | HUF | 144,380 | 360,717 |
Bonds, Series 29/A | 2.000 | 05/23/29 | HUF | 128,070 | 277,733 |
Bonds, Series 31/A | 3.250 | 10/22/31 | HUF | 33,070 | 71,870 |
Bonds, Series 32/A | 4.750 | 11/24/32 | HUF | 45,870 | 108,087 |
Bonds, Series 34/A | 2.250 | 06/22/34 | HUF | 55,760 | 101,122 |
Bonds, Series 38/A | 3.000 | 10/27/38 | HUF | 21,890 | 38,106 |
Bonds, Series 51/G | 4.000 | 04/28/51 | HUF | 29,330 | 50,043 |
Hungary Government International Bond, Sr. Unsec’d. Notes | 6.125 | 05/22/28 | 200 | 203,542 | |
3,588,940 |
3
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Indonesia 9.9% | |||||
Indonesia Government International Bond, Sr. Unsec’d. Notes | 1.400 % | 10/30/31 | EUR | 100 | $87,233 |
Indonesia Treasury Bond, | |||||
Bonds, Series 056 | 8.375 | 09/15/26 | IDR | 9,696,000 | 685,728 |
Bonds, Series 059 | 7.000 | 05/15/27 | IDR | 7,548,000 | 516,297 |
Bonds, Series 064 | 6.125 | 05/15/28 | IDR | 8,837,000 | 587,473 |
Bonds, Series 068 | 8.375 | 03/15/34 | IDR | 8,238,000 | 627,683 |
Bonds, Series 070 | 8.375 | 03/15/24 | IDR | 1,410,000 | 94,717 |
Bonds, Series 071 | 9.000 | 03/15/29 | IDR | 3,640,000 | 273,724 |
Bonds, Series 072 | 8.250 | 05/15/36 | IDR | 3,843,000 | 293,067 |
Bonds, Series 073 | 8.750 | 05/15/31 | IDR | 6,870,000 | 521,628 |
Bonds, Series 075 | 7.500 | 05/15/38 | IDR | 3,754,000 | 271,344 |
Bonds, Series 078 | 8.250 | 05/15/29 | IDR | 6,284,000 | 457,965 |
Bonds, Series 079 | 8.375 | 04/15/39 | IDR | 1,850,000 | 143,657 |
Bonds, Series 081 | 6.500 | 06/15/25 | IDR | 993,000 | 66,277 |
Bonds, Series 082 | 7.000 | 09/15/30 | IDR | 8,415,000 | 578,113 |
Bonds, Series 087 | 6.500 | 02/15/31 | IDR | 7,837,000 | 523,333 |
Bonds, Series 092 | 7.125 | 06/15/42 | IDR | 1,354,000 | 94,471 |
5,822,710 | |||||
Ivory Coast 0.2% | |||||
Ivory Coast Government International Bond, Sr. Unsec’d. Notes | 5.250 | 03/22/30 | EUR | 140 | 135,381 |
Malaysia 4.1% | |||||
Malaysia Government Bond, | |||||
Bonds, Series 115 | 3.955 | 09/15/25 | MYR | 140 | 31,413 |
Bonds, Series 118 | 3.882 | 03/14/25 | MYR | 567 | 126,840 |
Bonds, Series 120 | 4.065 | 06/15/50 | MYR | 1,886 | 405,346 |
Bonds, Series 219 | 3.885 | 08/15/29 | MYR | 2,015 | 450,249 |
Bonds, Series 222 | 4.696 | 10/15/42 | MYR | 755 | 180,254 |
Bonds, Series 317 | 4.762 | 04/07/37 | MYR | 842 | 200,808 |
Bonds, Series 411 | 4.232 | 06/30/31 | MYR | 280 | 63,721 |
Bonds, Series 413 | 3.844 | 04/15/33 | MYR | 390 | 86,300 |
Bonds, Series 417 | 3.899 | 11/16/27 | MYR | 740 | 166,363 |
Bonds, Series 419 | 3.828 | 07/05/34 | MYR | 810 | 177,713 |
Bonds, Series 519 | 3.757 | 05/22/40 | MYR | 1,984 | 422,518 |
Malaysia Government Investment Issue, Bonds, Series 121 | 3.447 | 07/15/36 | MYR | 430 | 89,958 |
2,401,483 |
4
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Mexico 9.4% | |||||
Mexican Bonos, | |||||
Bonds, Series M | 5.500 % | 03/04/27 | MXN | 30 | $158,227 |
Bonds, Series M | 7.750 | 05/29/31 | MXN | 211 | 1,183,162 |
Bonds, Series M | 8.000 | 11/07/47 | MXN | 68 | 370,613 |
Bonds, Series M | 10.000 | 11/20/36 | MXN | 78 | 510,249 |
Sr. Unsec’d. Notes, Series M | 7.750 | 11/23/34 | MXN | 90 | 496,669 |
Sr. Unsec’d. Notes, Series M | 7.750 | 11/13/42 | MXN | 76 | 405,441 |
Sr. Unsec’d. Notes, Series M | 8.500 | 11/18/38 | MXN | 73 | 423,257 |
Mexican Udibonos, | |||||
Bonds, Series S | 2.750 | 11/27/31 | MXN | 4 | 172,940 |
Bonds, Series S | 4.500 | 12/04/25 | MXN | 40 | 1,813,217 |
5,533,775 | |||||
Peru 2.9% | |||||
Peru Government Bond, | |||||
Bonds | 5.940 | 02/12/29 | PEN | 800 | 219,069 |
Bonds | 6.900 | 08/12/37 | PEN | 260 | 72,476 |
Bonds | 6.950 | 08/12/31 | PEN | 190 | 54,001 |
Sr. Unsec’d. Notes | 5.350 | 08/12/40 | PEN | 540 | 127,539 |
Sr. Unsec’d. Notes | 5.400 | 08/12/34 | PEN | 1,880 | 467,510 |
Sr. Unsec’d. Notes | 6.150 | 08/12/32 | PEN | 2,093 | 560,812 |
Peruvian Government International Bond, | |||||
Sr. Unsec’d. Notes | 6.850 | 02/12/42 | PEN | 245 | 67,920 |
Sr. Unsec’d. Notes | 6.900 | 08/12/37 | PEN | 7 | 1,951 |
Sr. Unsec’d. Notes | 6.950 | 08/12/31 | PEN | 478 | 135,856 |
1,707,134 | |||||
Philippines 0.2% | |||||
Philippine Government Bond, Bonds, Series 1060 | 3.625 | 09/09/25 | PHP | 5,600 | 96,201 |
Poland 7.5% | |||||
Republic of Poland Government Bond, | |||||
Bonds, Series 0428 | 2.750 | 04/25/28 | PLN | 1,480 | 331,673 |
Bonds, Series 0432 | 1.750 | 04/25/32 | PLN | 710 | 133,008 |
Bonds, Series 0725 | 3.250 | 07/25/25 | PLN | 4,301 | 1,032,813 |
Bonds, Series 0726 | 2.500 | 07/25/26 | PLN | 3,925 | 906,043 |
Bonds, Series 0727 | 2.500 | 07/25/27 | PLN | 1,190 | 268,228 |
Bonds, Series 0728 | 7.500 | 07/25/28 | PLN | 830 | 226,616 |
Bonds, Series 1026 | 0.250 | 10/25/26 | PLN | 1,660 | 353,761 |
5
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2023 (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 1029 | 2.750 % | 10/25/29 | PLN | 2,420 | $525,916 |
Bonds, Series 1030 | 1.250 | 10/25/30 | PLN | 3,350 | 638,613 |
4,416,671 | |||||
Romania 3.5% | |||||
Romania Government Bond, | |||||
Bonds, Series 05YR | 4.250 | 04/28/36 | RON | 1,245 | 223,472 |
Bonds, Series 07YR | 2.500 | 10/25/27 | RON | 1,170 | 223,128 |
Bonds, Series 07YR | 3.250 | 04/29/24 | RON | 750 | 163,565 |
Bonds, Series 07YR | 4.850 | 04/22/26 | RON | 2,680 | 574,366 |
Bonds, Series 08YR | 7.350 | 04/28/31 | RON | 540 | 126,132 |
Bonds, Series 10YR | 6.700 | 02/25/32 | RON | 1,050 | 236,642 |
Bonds, Series 15YR | 3.650 | 09/24/31 | RON | 1,270 | 233,210 |
Romanian Government International Bond, | |||||
Sr. Unsec’d. Notes | 3.000 | 02/27/27 | 220 | 200,000 | |
Sr. Unsec’d. Notes, EMTN | 2.125 | 03/07/28 | EUR | 80 | 77,357 |
2,057,872 | |||||
Serbia 0.9% | |||||
Serbia International Bond, Sr. Unsec’d. Notes | 3.125 | 05/15/27 | EUR | 410 | 411,756 |
Serbia Treasury Bonds, | |||||
Bonds, Series 07YR | 4.500 | 01/11/26 | RSD | 9,460 | 87,104 |
Bonds, Series 12.5 | 4.500 | 08/20/32 | RSD | 6,240 | 51,832 |
550,692 | |||||
South Africa 11.9% | |||||
Republic of South Africa Government Bond, | |||||
Sr. Unsec’d. Notes, Series 2030 | 8.000 | 01/31/30 | ZAR | 22,285 | 1,116,902 |
Sr. Unsec’d. Notes, Series 2032 | 8.250 | 03/31/32 | ZAR | 24,440 | 1,167,545 |
Sr. Unsec’d. Notes, Series 2035 | 8.875 | 02/28/35 | ZAR | 13,864 | 645,182 |
Sr. Unsec’d. Notes, Series 2037 | 8.500 | 01/31/37 | ZAR | 9,088 | 394,358 |
Sr. Unsec’d. Notes, Series 2040 | 9.000 | 01/31/40 | ZAR | 9,770 | 426,047 |
Sr. Unsec’d. Notes, Series 2044 | 8.750 | 01/31/44 | ZAR | 9,460 | 392,924 |
Sr. Unsec’d. Notes, Series 2048 | 8.750 | 02/28/48 | ZAR | 2,955 | 121,919 |
Sr. Unsec’d. Notes, Series R186 | 10.500 | 12/21/26 | ZAR | 33,619 | 1,964,315 |
Sr. Unsec’d. Notes, Series R209 | 6.250 | 03/31/36 | ZAR | 3,850 | 139,927 |
6
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
South Africa (cont’d.) | |||||
Republic of South Africa Government Bond, (cont’d.) | |||||
Sr. Unsec’d. Notes, Series R213 | 7.000 % | 02/28/31 | ZAR | 10,845 | $493,219 |
Sr. Unsec’d. Notes, Series R214 | 6.500 | 02/28/41 | ZAR | 4,565 | 154,095 |
7,016,433 | |||||
Thailand 4.8% | |||||
Thailand Government Bond, | |||||
Bonds | 1.600 | 12/17/29 | THB | 3,885 | 107,136 |
Bonds | 2.000 | 06/17/42 | THB | 2,080 | 51,918 |
Bonds | 2.875 | 12/17/28 | THB | 12,015 | 357,476 |
Bonds | 2.875 | 06/17/46 | THB | 3,065 | 84,431 |
Bonds | 3.300 | 06/17/38 | THB | 8,815 | 269,981 |
Bonds | 3.400 | 06/17/36 | THB | 9,585 | 296,533 |
Sr. Unsec’d. Notes | 1.585 | 12/17/35 | THB | 3,120 | 80,046 |
Sr. Unsec’d. Notes | 1.600 | 06/17/35 | THB | 2,700 | 69,810 |
Sr. Unsec’d. Notes | 1.875 | 06/17/49 | THB | 1,063 | 23,646 |
Sr. Unsec’d. Notes | 2.000 | 12/17/31 | THB | 11,505 | 321,059 |
Sr. Unsec’d. Notes | 2.125 | 12/17/26 | THB | 8,340 | 241,179 |
Sr. Unsec’d. Notes | 3.350 | 06/17/33 | THB | 6,230 | 192,824 |
Sr. Unsec’d. Notes | 3.650 | 06/20/31 | THB | 7,659 | 240,380 |
Sr. Unsec’d. Notes | 3.775 | 06/25/32 | THB | 15,085 | 480,922 |
2,817,341 | |||||
Uruguay 0.1% | |||||
Uruguay Government International Bond, Sr. Unsec’d. Notes, 144A | 8.500 | 03/15/28 | UYU | 1,870 | 48,833 |
Total Sovereign Bonds (cost $49,003,205) | 47,884,064 | ||||
Total Long-Term Investments (cost $50,182,623) | 48,671,913 |
Shares | |||||
Short-Term Investments 15.7% | |||||
Affiliated Mutual Fund 12.1% | |||||
PGIM Core Government Money Market Fund (cost $7,105,778)(wj) | 7,105,778 | 7,105,778 |
7
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
U.S. Treasury Obligation(h)(n) 3.6% | |||||
U.S. Treasury Bills (cost $2,121,618) | 3.974 % | 09/07/23 | 2,130 | $2,118,477 | |
Options Purchased*~ 0.0% | |||||
(cost $52,623) | 6,206 | ||||
Total Short-Term Investments (cost $9,280,019) | 9,230,461 | ||||
TOTAL INVESTMENTS, BEFORE OPTIONS WRITTEN 98.2% (cost $59,462,642) | 57,902,374 | ||||
Options Written*~ (0.6)% | |||||
(premiums received $228,702) | (337,709) | ||||
TOTAL INVESTMENTS, NET OF OPTIONS WRITTEN 97.6% (cost $59,233,940) | 57,564,665 | ||||
Other assets in excess of liabilities(z) 2.4% | 1,423,081 | ||||
Net Assets 100.0% | $58,987,746 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: |
AUD—Australian Dollar | |
BRL—Brazilian Real | |
CLP—Chilean Peso | |
CNH—Chinese Renminbi | |
COP—Colombian Peso | |
CZK—Czech Koruna | |
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 | |
SGD—Singapore Dollar | |
THB—Thai Baht | |
TRY—Turkish Lira | |
TWD—New Taiwanese Dollar |
8
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
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 | |
BARC—Barclays Bank PLC | |
BNP—BNP Paribas S.A. | |
BNYM—Bank of New York Mellon | |
BOA—Bank of America, N.A. | |
BROIS—Brazil Overnight Index Swap | |
BUBOR—Budapest Interbank Offered Rate | |
CITI—Citibank, N.A. | |
CLOIS—Sinacofi Chile Interbank Rate Average | |
COOIS—Colombia Overnight Interbank Reference Rate | |
DB—Deutsche Bank AG | |
EMTN—Euro Medium Term Note | |
GSI—Goldman Sachs International | |
HSBC—HSBC Bank PLC | |
JIBAR—Johannesburg Interbank Agreed Rate | |
JPM—JPMorgan Chase Bank N.A. | |
KLIBOR—Kuala Lumpur Interbank Offered Rate | |
KWCDC—Korean Won Certificate of Deposit | |
M—Monthly payment frequency for swaps | |
MSI—Morgan Stanley & Co International PLC | |
MTN—Medium Term Note | |
OTC—Over-the-counter | |
PRIBOR—Prague Interbank Offered Rate | |
Q—Quarterly payment frequency for swaps | |
S—Semiannual payment frequency for swaps | |
SCB—Standard Chartered Bank | |
SSB—State Street Bank & Trust Company | |
T—Swap payment upon termination | |
TD—The Toronto-Dominion Bank | |
UAG—UBS AG | |
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. |
(d) | Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity. |
(f) | Indicates a restricted security that is acquired in unregistered, private sales from the issuing company or from an affiliate of the issuer and is considered restricted as to disposition under federal securities law; the aggregate original cost of such securities is $217,321. The aggregate value of $44,650 is 0.1% of net assets. |
(h) | Represents security, or a portion thereof, segregated as collateral for OTC derivatives. |
(n) | Rate shown reflects yield to maturity at purchased date. |
(r) | Principal or notional amount is less than $500 par. |
(wj) | PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Core Government 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: |
9
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Options Purchased:
OTC Traded | ||||||||||||||||
Description | Call/ Put | Counterparty | Expiration Date | Strike | Contracts | Notional Amount (000)# | Value | |||||||||
Currency Option USD vs BRL | Call | MSI | 09/20/23 | 6.00 | — | 230 | $34 | |||||||||
Currency Option USD vs ZAR | Call | CITI | 08/09/23 | 19.00 | — | 753 | 396 | |||||||||
Currency Option USD vs ZAR | Call | MSI | 09/21/23 | 19.25 | — | 975 | 5,096 | |||||||||
Currency Option USD vs ZAR | Call | MSI | 09/21/23 | 20.00 | — | 230 | 531 | |||||||||
Currency Option USD vs BRL | Put | MSI | 08/11/23 | 4.30 | — | 695 | 2 | |||||||||
Currency Option USD vs CLP | Put | CITI | 09/07/23 | 700.00 | — | 536 | — | |||||||||
Currency Option USD vs COP | Put | MSI | 09/13/23 | 3,400.00 | — | 462 | 22 | |||||||||
Currency Option USD vs COP | Put | MSI | 09/13/23 | 3,450.00 | — | 495 | 41 | |||||||||
Currency Option USD vs HUF | Put | MSI | 09/15/23 | 290.00 | — | 734 | 4 | |||||||||
Currency Option USD vs KRW | Put | MSI | 09/19/23 | 1,100.00 | — | 530 | 6 | |||||||||
Currency Option USD vs MXN | Put | MSI | 08/11/23 | 15.80 | — | 463 | 13 | |||||||||
Currency Option USD vs ZAR | Put | CITI | 08/09/23 | 15.00 | — | 1,255 | — | |||||||||
Currency Option USD vs ZAR | Put | CITI | 08/28/23 | 16.00 | — | 498 | 61 | |||||||||
Total Options Purchased (cost $52,623) | $6,206 |
Options Written:
OTC Traded | |||||||||||||||
Description | Call/ Put | Counterparty | Expiration Date | Strike | Contracts | Notional Amount (000)# | Value | ||||||||
Currency Option USD vs BRL | Put | MSI | 08/11/23 | 5.15 | — | 695 | $(59,774) | ||||||||
Currency Option USD vs CLP | Put | CITI | 09/07/23 | 790.00 | — | 536 | (371) | ||||||||
Currency Option USD vs COP | Put | MSI | 09/13/23 | 4,650.00 | — | 495 | (83,384) | ||||||||
Currency Option USD vs COP | Put | MSI | 09/13/23 | 4,700.00 | — | 462 | (83,537) | ||||||||
Currency Option USD vs HUF | Put | MSI | 09/15/23 | 350.00 | — | 734 | (9,485) | ||||||||
Currency Option USD vs KRW | Put | MSI | 09/19/23 | 1,310.00 | — | 530 | (17,499) | ||||||||
Currency Option USD vs MXN | Put | MSI | 08/11/23 | 18.40 | — | 463 | (45,036) | ||||||||
Currency Option USD vs ZAR | Put | CITI | 08/28/23 | 19.25 | — | 498 | (38,623) | ||||||||
Total Options Written (premiums received $228,702) | $(337,709) |
10
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Futures contracts outstanding at July 31, 2023: | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Short Positions: | ||||||||
2 | 2 Year U.S. Treasury Notes | Sep. 2023 | $406,063 | $4,663 | ||||
3 | 5 Year Euro-Bobl | Sep. 2023 | 382,263 | (3,862) | ||||
8 | 5 Year U.S. Treasury Notes | Sep. 2023 | 854,562 | 13,568 | ||||
1 | 10 Year Euro-Bund | Sep. 2023 | 146,233 | (2,178) | ||||
$12,191 |
Forward foreign currency exchange contracts outstanding at July 31, 2023:
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
Brazilian Real, | |||||||||||||
Expiring 08/02/23 | CITI | BRL | 18,295 | $3,790,028 | $3,867,456 | $77,428 | $— | ||||||
Expiring 08/02/23 | CITI | BRL | 401 | 80,953 | 84,711 | 3,758 | — | ||||||
Expiring 08/02/23 | MSI | BRL | 739 | 150,471 | 156,203 | 5,732 | — | ||||||
Expiring 08/02/23 | MSI | BRL | 664 | 138,000 | 140,412 | 2,412 | — | ||||||
Expiring 08/02/23 | MSI | BRL | 410 | 85,000 | 86,617 | 1,617 | — | ||||||
Expiring 09/05/23 | GSI | BRL | 17,954 | 3,767,626 | 3,771,557 | 3,931 | — | ||||||
Expiring 09/05/23 | HSBC | BRL | 191 | 40,000 | 40,064 | 64 | — | ||||||
Expiring 09/05/23 | MSI | BRL | 280 | 58,716 | 58,735 | 19 | — | ||||||
Expiring 09/05/23 | MSI | BRL | 242 | 50,634 | 50,773 | 139 | — | ||||||
Chilean Peso, | |||||||||||||
Expiring 09/20/23 | DB | CLP | 123,196 | 146,000 | 146,040 | 40 | — | ||||||
Expiring 09/20/23 | GSI | CLP | 119,646 | 144,000 | 141,832 | — | (2,168) | ||||||
Expiring 09/20/23 | HSBC | CLP | 114,402 | 138,000 | 135,615 | — | (2,385) | ||||||
Chinese Renminbi, | |||||||||||||
Expiring 08/23/23 | BNP | CNH | 1,693 | 233,590 | 237,365 | 3,775 | — | ||||||
Expiring 08/23/23 | BNP | CNH | 962 | 133,000 | 134,851 | 1,851 | — | ||||||
Expiring 08/23/23 | BOA | CNH | 3,338 | 463,000 | 468,075 | 5,075 | — | ||||||
Expiring 08/23/23 | CITI | CNH | 3,561 | 499,000 | 499,292 | 292 | — | ||||||
Expiring 08/23/23 | DB | CNH | 209 | 29,320 | 29,352 | 32 | — | ||||||
Expiring 08/23/23 | GSI | CNH | 3,255 | 455,000 | 456,427 | 1,427 | — | ||||||
Expiring 08/23/23 | HSBC | CNH | 3,354 | 473,000 | 470,326 | — | (2,674) | ||||||
Expiring 08/23/23 | JPM | CNH | 3,319 | 464,000 | 465,353 | 1,353 | — | ||||||
Expiring 08/23/23 | JPM | CNH | 963 | 133,000 | 135,076 | 2,076 | — | ||||||
Expiring 08/23/23 | JPM | CNH | 204 | 28,877 | 28,652 | — | (225) | ||||||
Expiring 08/23/23 | MSI | CNH | 5,182 | 728,000 | 726,662 | — | (1,338) | ||||||
Expiring 08/23/23 | SSB | CNH | 3,756 | 524,000 | 526,692 | 2,692 | — | ||||||
Expiring 08/23/23 | SSB | CNH | 1,759 | 248,640 | 246,651 | — | (1,989) | ||||||
Expiring 08/23/23 | SSB | CNH | 873 | 122,000 | 122,387 | 387 | — |
11
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at July 31, 2023 (continued):
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Colombian Peso, | |||||||||||||
Expiring 09/15/23 | MSI | COP | 1,947,539 | $457,156 | $490,086 | $32,930 | $— | ||||||
Expiring 09/20/23 | BARC | COP | 3,262,953 | 766,751 | 820,113 | 53,362 | — | ||||||
Expiring 09/20/23 | BNYM | COP | 400,000 | 94,509 | 100,536 | 6,027 | — | ||||||
Expiring 09/20/23 | CITI | COP | 2,597,911 | 573,113 | 652,961 | 79,848 | — | ||||||
Expiring 09/20/23 | DB | COP | 2,557,513 | 575,368 | 642,806 | 67,438 | — | ||||||
Expiring 09/20/23 | DB | COP | 928,791 | 205,000 | 233,443 | 28,443 | — | ||||||
Expiring 09/20/23 | DB | COP | 452,393 | 106,747 | 113,705 | 6,958 | — | ||||||
Expiring 09/20/23 | GSI | COP | 1,407,046 | 350,000 | 353,647 | 3,647 | — | ||||||
Expiring 09/20/23 | MSI | COP | 446,113 | 104,193 | 112,127 | 7,934 | — | ||||||
Expiring 09/20/23 | MSI | COP | 223,795 | 55,000 | 56,249 | 1,249 | — | ||||||
Expiring 09/20/23 | MSI | COP | 188,048 | 47,142 | 47,264 | 122 | — | ||||||
Czech Koruna, | |||||||||||||
Expiring 10/19/23 | BARC | CZK | 1,105 | 51,952 | 50,691 | — | (1,261) | ||||||
Expiring 10/19/23 | BNP | CZK | 10,715 | 493,402 | 491,614 | — | (1,788) | ||||||
Expiring 10/19/23 | DB | CZK | 1,173 | 55,000 | 53,802 | — | (1,198) | ||||||
Expiring 10/19/23 | DB | CZK | 647 | 29,686 | 29,671 | — | (15) | ||||||
Expiring 10/19/23 | SSB | CZK | 528 | 24,366 | 24,247 | — | (119) | ||||||
Egyptian Pound, | |||||||||||||
Expiring 01/10/24 | CITI | EGP | 1,981 | 61,346 | 57,918 | — | (3,428) | ||||||
Expiring 01/10/24 | CITI | EGP | 703 | 20,562 | 20,542 | — | (20) | ||||||
Expiring 01/10/24 | MSI | EGP | 4,080 | 121,618 | 119,265 | — | (2,353) | ||||||
Euro, | |||||||||||||
Expiring 10/19/23 | BARC | EUR | 437 | 492,340 | 482,046 | — | (10,294) | ||||||
Expiring 10/19/23 | CITI | EUR | 259 | 288,220 | 285,884 | — | (2,336) | ||||||
Expiring 10/19/23 | MSI | EUR | 103 | 116,000 | 114,103 | — | (1,897) | ||||||
Hungarian Forint, | |||||||||||||
Expiring 10/19/23 | GSI | HUF | 10,243 | 29,088 | 28,606 | — | (482) | ||||||
Indian Rupee, | |||||||||||||
Expiring 09/20/23 | JPM | INR | 67,208 | 817,000 | 815,967 | — | (1,033) | ||||||
Expiring 09/20/23 | MSI | INR | 55,028 | 668,000 | 668,081 | 81 | — | ||||||
Indonesian Rupiah, | |||||||||||||
Expiring 09/20/23 | BNP | IDR | 2,674,960 | 177,009 | 177,006 | — | (3) | ||||||
Expiring 09/20/23 | BNP | IDR | 1,594,375 | 105,819 | 105,502 | — | (317) | ||||||
Expiring 09/20/23 | BNYM | IDR | 2,800,000 | 184,453 | 185,280 | 827 | — | ||||||
Expiring 09/20/23 | DB | IDR | 2,777,353 | 185,317 | 183,781 | — | (1,536) | ||||||
Expiring 09/20/23 | MSI | IDR | 10,410,755 | 700,000 | 688,896 | — | (11,104) | ||||||
Expiring 09/20/23 | MSI | IDR | 2,717,056 | 178,669 | 179,792 | 1,123 | — | ||||||
Expiring 09/20/23 | MSI | IDR | 1,726,035 | 115,000 | 114,214 | — | (786) | ||||||
Expiring 09/20/23 | MSI | IDR | 1,147,688 | 76,097 | 75,945 | — | (152) | ||||||
Expiring 09/20/23 | MSI | IDR | 838,495 | 55,452 | 55,485 | 33 | — | ||||||
Israeli Shekel, | |||||||||||||
Expiring 09/20/23 | CITI | ILS | 517 | 144,000 | 140,961 | — | (3,039) |
12
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at July 31, 2023 (continued):
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Israeli Shekel (cont’d.), | |||||||||||||
Expiring 09/20/23 | CITI | ILS | 323 | $88,781 | $88,042 | $— | $(739) | ||||||
Japanese Yen, | |||||||||||||
Expiring 10/19/23 | BNYM | JPY | 32,612 | 239,581 | 232,123 | — | (7,458) | ||||||
Malaysian Ringgit, | |||||||||||||
Expiring 09/20/23 | BARC | MYR | 11,755 | 2,560,425 | 2,616,321 | 55,896 | — | ||||||
Expiring 09/20/23 | BARC | MYR | 664 | 144,867 | 147,739 | 2,872 | — | ||||||
Expiring 09/20/23 | BARC | MYR | 350 | 77,000 | 77,841 | 841 | — | ||||||
Expiring 09/20/23 | MSI | MYR | 1,487 | 320,000 | 331,046 | 11,046 | — | ||||||
Expiring 09/20/23 | MSI | MYR | 735 | 158,327 | 163,523 | 5,196 | — | ||||||
Expiring 09/20/23 | MSI | MYR | 684 | 150,824 | 152,304 | 1,480 | — | ||||||
Expiring 09/20/23 | MSI | MYR | 298 | 66,256 | 66,436 | 180 | — | ||||||
Mexican Peso, | |||||||||||||
Expiring 09/20/23 | BARC | MXN | 5,259 | 296,142 | 311,149 | 15,007 | — | ||||||
Expiring 09/20/23 | CITI | MXN | 2,277 | 130,587 | 134,735 | 4,148 | — | ||||||
Expiring 09/20/23 | DB | MXN | 896 | 53,343 | 52,998 | — | (345) | ||||||
Expiring 09/20/23 | JPM | MXN | 2,765 | 157,658 | 163,585 | 5,927 | — | ||||||
Expiring 09/20/23 | JPM | MXN | 1,441 | 85,000 | 85,225 | 225 | — | ||||||
New Taiwanese Dollar, | |||||||||||||
Expiring 09/20/23 | DB | TWD | 1,303 | 42,798 | 41,560 | — | (1,238) | ||||||
Expiring 09/20/23 | SCB | TWD | 43,398 | 1,423,637 | 1,384,100 | — | (39,537) | ||||||
Peruvian Nuevo Sol, | |||||||||||||
Expiring 09/20/23 | CITI | PEN | 1,298 | 355,003 | 358,948 | 3,945 | — | ||||||
Expiring 09/20/23 | CITI | PEN | 554 | 154,500 | 153,113 | — | (1,387) | ||||||
Expiring 09/20/23 | DB | PEN | 1,342 | 364,571 | 371,044 | 6,473 | — | ||||||
Expiring 09/20/23 | DB | PEN | 159 | 43,389 | 43,848 | 459 | — | ||||||
Expiring 09/20/23 | MSI | PEN | 158 | 43,314 | 43,795 | 481 | — | ||||||
Philippine Peso, | |||||||||||||
Expiring 09/20/23 | JPM | PHP | 12,403 | 220,946 | 226,469 | 5,523 | — | ||||||
Polish Zloty, | |||||||||||||
Expiring 10/19/23 | DB | PLN | 191 | 47,524 | 47,427 | — | (97) | ||||||
Expiring 10/19/23 | JPM | PLN | 1,469 | 368,000 | 365,320 | — | (2,680) | ||||||
Expiring 10/19/23 | MSI | PLN | 1,472 | 370,000 | 365,952 | — | (4,048) | ||||||
Expiring 10/19/23 | UAG | PLN | 219 | 55,000 | 54,410 | — | (590) | ||||||
Romanian Leu, | |||||||||||||
Expiring 10/19/23 | BARC | RON | 2,923 | 653,841 | 650,000 | — | (3,841) | ||||||
Singapore Dollar, | |||||||||||||
Expiring 09/20/23 | GSI | SGD | 315 | 237,000 | 237,257 | 257 | — | ||||||
South African Rand, | |||||||||||||
Expiring 09/20/23 | BNP | ZAR | 1,714 | 90,403 | 95,396 | 4,993 | — | ||||||
Expiring 09/20/23 | CITI | ZAR | 533 | 29,058 | 29,683 | 625 | — | ||||||
Expiring 09/20/23 | DB | ZAR | 2,987 | 160,000 | 166,236 | 6,236 | — | ||||||
Expiring 09/20/23 | DB | ZAR | 2,066 | 115,000 | 114,997 | — | (3) |
13
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at July 31, 2023 (continued):
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
South African Rand (cont’d.), | |||||||||||||
Expiring 09/20/23 | DB | ZAR | 1,361 | $76,829 | $75,723 | $— | $(1,106) | ||||||
Expiring 09/20/23 | JPM | ZAR | 6,392 | 354,000 | 355,716 | 1,716 | — | ||||||
Expiring 09/20/23 | SSB | ZAR | 5,126 | 275,922 | 285,264 | 9,342 | — | ||||||
South Korean Won, | |||||||||||||
Expiring 09/20/23 | CITI | KRW | 458,176 | 361,000 | 359,633 | — | (1,367) | ||||||
Expiring 09/20/23 | CITI | KRW | 351,527 | 276,000 | 275,922 | — | (78) | ||||||
Expiring 09/20/23 | GSI | KRW | 659,623 | 516,000 | 517,754 | 1,754 | — | ||||||
Expiring 09/20/23 | SSB | KRW | 778,583 | 617,000 | 611,128 | — | (5,872) | ||||||
Thai Baht, | |||||||||||||
Expiring 09/20/23 | BARC | THB | 2,873 | 85,000 | 84,339 | — | (661) | ||||||
Expiring 09/20/23 | BOA | THB | 12,923 | 371,000 | 379,401 | 8,401 | — | ||||||
Expiring 09/20/23 | CITI | THB | 4,094 | 119,086 | 120,204 | 1,118 | — | ||||||
Expiring 09/20/23 | DB | THB | 1,793 | 52,612 | 52,651 | 39 | — | ||||||
Expiring 09/20/23 | GSI | THB | 4,497 | 130,165 | 132,015 | 1,850 | — | ||||||
Expiring 09/20/23 | HSBC | THB | 6,698 | 190,878 | 196,641 | 5,763 | — | ||||||
Expiring 09/20/23 | JPM | THB | 29,553 | 855,972 | 867,641 | 11,669 | — | ||||||
Expiring 09/20/23 | UAG | THB | 12,866 | 375,000 | 377,721 | 2,721 | — | ||||||
Turkish Lira, | |||||||||||||
Expiring 09/20/23 | BOA | TRY | 8,711 | 315,000 | 313,792 | — | (1,208) | ||||||
Expiring 09/20/23 | CITI | TRY | 2,414 | 94,904 | 86,946 | — | (7,958) | ||||||
Expiring 09/21/23 | CITI | TRY | 2,256 | 95,010 | 81,235 | — | (13,775) | ||||||
$36,113,383 | $36,545,760 | 580,305 | (147,928) |
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
Australian Dollar, | |||||||||||||
Expiring 10/19/23 | DB | AUD | 494 | $336,166 | $332,504 | $3,662 | $— | ||||||
Brazilian Real, | |||||||||||||
Expiring 08/02/23 | GSI | BRL | 17,954 | 3,790,214 | 3,795,336 | — | (5,122) | ||||||
Expiring 08/02/23 | MSI | BRL | 1,496 | 306,318 | 316,244 | — | (9,926) | ||||||
Expiring 08/02/23 | MSI | BRL | 1,059 | 217,994 | 223,818 | — | (5,824) | ||||||
Expiring 09/05/23 | BNP | BRL | 319 | 66,684 | 67,074 | — | (390) | ||||||
Expiring 09/05/23 | CITI | BRL | 1,252 | 262,766 | 263,090 | — | (324) | ||||||
Expiring 09/05/23 | SSB | BRL | 655 | 138,000 | 137,582 | 418 | — | ||||||
Chilean Peso, | |||||||||||||
Expiring 09/20/23 | BOA | CLP | 41,648 | 51,433 | 49,370 | 2,063 | — | ||||||
Expiring 09/20/23 | HSBC | CLP | 358,505 | 438,632 | 424,981 | 13,651 | — | ||||||
Expiring 09/20/23 | HSBC | CLP | 344,649 | 423,220 | 408,556 | 14,664 | — |
14
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at July 31, 2023 (continued):
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Chilean Peso (cont’d.), | |||||||||||||
Expiring 09/20/23 | MSI | CLP | 112,677 | $138,000 | $133,570 | $4,430 | $— | ||||||
Chinese Renminbi, | |||||||||||||
Expiring 08/23/23 | BNP | CNH | 3,057 | 425,000 | 428,624 | — | (3,624) | ||||||
Expiring 08/23/23 | CITI | CNH | 3,309 | 457,000 | 464,016 | — | (7,016) | ||||||
Expiring 08/23/23 | JPM | CNH | 3,441 | 476,000 | 482,582 | — | (6,582) | ||||||
Expiring 08/23/23 | MSI | CNH | 15,661 | 2,243,705 | 2,196,114 | 47,591 | — | ||||||
Expiring 08/23/23 | SCB | CNH | 6,121 | 858,000 | 858,304 | — | (304) | ||||||
Colombian Peso, | |||||||||||||
Expiring 09/15/23 | CITI | COP | 1,947,539 | 457,156 | 490,086 | — | (32,930) | ||||||
Expiring 09/20/23 | BNP | COP | 348,346 | 88,426 | 87,554 | 872 | — | ||||||
Expiring 09/20/23 | CITI | COP | 575,401 | 134,000 | 144,622 | — | (10,622) | ||||||
Expiring 09/20/23 | CITI | COP | 374,831 | 87,803 | 94,210 | — | (6,407) | ||||||
Czech Koruna, | |||||||||||||
Expiring 10/19/23 | BNP | CZK | 3,099 | 144,000 | 142,197 | 1,803 | — | ||||||
Euro, | |||||||||||||
Expiring 10/19/23 | CITI | EUR | 259 | 289,135 | 285,885 | 3,250 | — | ||||||
Expiring 10/19/23 | JPM | EUR | 398 | 439,839 | 439,302 | 537 | — | ||||||
Hungarian Forint, | |||||||||||||
Expiring 10/19/23 | BNP | HUF | 21,047 | 58,941 | 58,779 | 162 | — | ||||||
Expiring 10/19/23 | CITI | HUF | 776,147 | 2,166,193 | 2,167,604 | — | (1,411) | ||||||
Expiring 10/19/23 | GSI | HUF | 83,364 | 233,320 | 232,818 | 502 | — | ||||||
Indian Rupee, | |||||||||||||
Expiring 09/20/23 | BOA | INR | 94,798 | 1,144,181 | 1,150,930 | — | (6,749) | ||||||
Expiring 09/20/23 | DB | INR | 4,414 | 53,874 | 53,593 | 281 | — | ||||||
Expiring 09/20/23 | MSI | INR | 2,992 | 36,220 | 36,323 | — | (103) | ||||||
Expiring 09/20/23 | SCB | INR | 66,233 | 800,000 | 804,121 | — | (4,121) | ||||||
Indonesian Rupiah, | |||||||||||||
Expiring 09/20/23 | BOA | IDR | 5,498,288 | 368,000 | 363,830 | 4,170 | — | ||||||
Expiring 09/20/23 | HSBC | IDR | 10,594,670 | 705,000 | 701,066 | 3,934 | — | ||||||
Israeli Shekel, | |||||||||||||
Expiring 09/20/23 | CITI | ILS | 441 | 122,000 | 120,091 | 1,909 | — | ||||||
Mexican Peso, | |||||||||||||
Expiring 09/20/23 | BOA | MXN | 4,586 | 265,000 | 271,311 | — | (6,311) | ||||||
Expiring 09/20/23 | DB | MXN | 6,522 | 387,852 | 385,866 | 1,986 | — | ||||||
Expiring 09/20/23 | MSI | MXN | 2,082 | 120,241 | 123,167 | — | (2,926) | ||||||
Expiring 09/20/23 | SSB | MXN | 4,235 | 244,970 | 250,514 | — | (5,544) | ||||||
New Taiwanese Dollar, | |||||||||||||
Expiring 09/20/23 | BOA | TWD | 28,254 | 914,000 | 901,111 | 12,889 | — | ||||||
Expiring 09/20/23 | CITI | TWD | 29,099 | 937,000 | 928,057 | 8,943 | — | ||||||
Expiring 09/20/23 | DB | TWD | 15,012 | 481,000 | 478,773 | 2,227 | — | ||||||
Expiring 09/20/23 | HSBC | TWD | 22,942 | 745,000 | 731,702 | 13,298 | — | ||||||
Expiring 09/20/23 | MSI | TWD | 15,239 | 493,000 | 486,008 | 6,992 | — |
15
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at July 31, 2023 (continued):
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
New Taiwanese Dollar (cont’d.), | |||||||||||||
Expiring 09/20/23 | MSI | TWD | 1,096 | $35,026 | $34,944 | $82 | $— | ||||||
Expiring 09/20/23 | SCB | TWD | 15,112 | 489,000 | 481,964 | 7,036 | — | ||||||
Expiring 09/20/23 | SCB | TWD | 14,967 | 483,000 | 477,352 | 5,648 | — | ||||||
Peruvian Nuevo Sol, | |||||||||||||
Expiring 09/20/23 | CITI | PEN | 587 | 160,524 | 162,243 | — | (1,719) | ||||||
Expiring 09/20/23 | JPM | PEN | 1,080 | 295,020 | 298,448 | — | (3,428) | ||||||
Philippine Peso, | |||||||||||||
Expiring 09/20/23 | HSBC | PHP | 24,045 | 438,670 | 439,029 | — | (359) | ||||||
Expiring 09/20/23 | HSBC | PHP | 22,374 | 409,330 | 408,515 | 815 | — | ||||||
Polish Zloty, | |||||||||||||
Expiring 10/19/23 | BARC | PLN | 1,999 | 502,041 | 497,096 | 4,945 | — | ||||||
Expiring 10/19/23 | BNP | PLN | 447 | 111,444 | 111,129 | 315 | — | ||||||
Expiring 10/19/23 | HSBC | PLN | 3,256 | 817,689 | 809,616 | 8,073 | — | ||||||
Romanian Leu, | |||||||||||||
Expiring 10/19/23 | JPM | RON | 1,581 | 353,962 | 351,654 | 2,308 | — | ||||||
Singapore Dollar, | |||||||||||||
Expiring 09/20/23 | CITI | SGD | 111 | 83,526 | 83,938 | — | (412) | ||||||
Expiring 09/20/23 | DB | SGD | 47 | 35,213 | 35,267 | — | (54) | ||||||
Expiring 09/20/23 | GSI | SGD | 3,907 | 2,910,147 | 2,945,531 | — | (35,384) | ||||||
Expiring 09/20/23 | GSI | SGD | 118 | 87,889 | 88,712 | — | (823) | ||||||
South African Rand, | |||||||||||||
Expiring 09/20/23 | BNP | ZAR | 4,872 | 272,718 | 271,130 | 1,588 | — | ||||||
Expiring 09/20/23 | CITI | ZAR | 3,415 | 179,022 | 190,033 | — | (11,011) | ||||||
Expiring 09/20/23 | MSI | ZAR | 7,573 | 393,872 | 421,445 | — | (27,573) | ||||||
Expiring 09/20/23 | MSI | ZAR | 5,200 | 264,000 | 289,406 | — | (25,406) | ||||||
Expiring 09/20/23 | MSI | ZAR | 2,472 | 129,060 | 137,602 | — | (8,542) | ||||||
Expiring 09/20/23 | MSI | ZAR | 1,024 | 57,663 | 56,983 | 680 | — | ||||||
Expiring 09/20/23 | TD | ZAR | 3,315 | 166,083 | 184,475 | — | (18,392) | ||||||
South Korean Won, | |||||||||||||
Expiring 09/20/23 | DB | KRW | 136,957 | 107,350 | 107,501 | — | (151) | ||||||
Expiring 09/20/23 | JPM | KRW | 4,701,640 | 3,627,725 | 3,690,427 | — | (62,702) | ||||||
Expiring 09/20/23 | MSI | KRW | 139,045 | 107,849 | 109,139 | — | (1,290) | ||||||
Expiring 09/20/23 | MSI | KRW | 37,448 | 29,434 | 29,393 | 41 | — | ||||||
Thai Baht, | |||||||||||||
Expiring 09/20/23 | BNP | THB | 3,664 | 107,821 | 107,582 | 239 | — | ||||||
Expiring 09/20/23 | JPM | THB | 14,026 | 401,000 | 411,794 | — | (10,794) | ||||||
$35,601,361 | $35,743,633 | 182,004 | (324,276) | ||||||||||
$762,309 | $(472,204) |
16
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2023:
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at July 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements: | ||||||||||||||
BRL | 1,374 | 01/02/24 | 4.590%(T) | 1 Day BROIS(2)(T)/ 0.051% | $— | $(47,871) | $(47,871) | |||||||
BRL | 1,478 | 01/02/25 | 5.840%(T) | 1 Day BROIS(2)(T)/ 0.051% | — | (46,526) | (46,526) | |||||||
BRL | 10,946 | 01/02/26 | 11.190%(T) | 1 Day BROIS(2)(T)/ 0.051% | — | 50,391 | 50,391 | |||||||
BRL | 4,479 | 01/02/26 | 11.550%(T) | 1 Day BROIS(2)(T)/ 0.051% | — | 28,984 | 28,984 | |||||||
BRL | 668 | 01/04/27 | 6.325%(T) | 1 Day BROIS(2)(T)/ 0.051% | — | (29,086) | (29,086) | |||||||
BRL | 1,056 | 01/04/27 | 6.529%(T) | 1 Day BROIS(2)(T)/ 0.051% | — | (42,770) | (42,770) | |||||||
BRL | 4,805 | 01/04/27 | 10.345%(T) | 1 Day BROIS(2)(T)/ 0.051% | 3,547 | 5,860 | 2,313 | |||||||
BRL | 2,586 | 01/04/27 | 10.539%(T) | 1 Day BROIS(2)(T)/ 0.051% | — | 5,985 | 5,985 | |||||||
BRL | 1,253 | 01/04/27 | 10.660%(T) | 1 Day BROIS(2)(T)/ 0.051% | — | 3,977 | 3,977 | |||||||
BRL | 478 | 01/04/27 | 11.120%(T) | 1 Day BROIS(2)(T)/ 0.051% | 3,411 | 3,065 | (346) | |||||||
BRL | 413 | 01/04/27 | 11.680%(T) | 1 Day BROIS(2)(T)/ 0.051% | 320 | 3,233 | 2,913 | |||||||
BRL | 1,688 | 01/04/27 | 11.755%(T) | 1 Day BROIS(2)(T)/ 0.051% | — | 19,587 | 19,587 | |||||||
BRL | 3,099 | 01/04/27 | 11.800%(T) | 1 Day BROIS(2)(T)/ 0.051% | — | 34,769 | 34,769 | |||||||
BRL | 2,235 | 01/04/27 | 12.500%(T) | 1 Day BROIS(2)(T)/ 0.051% | — | 37,543 | 37,543 | |||||||
BRL | 1,574 | 01/04/27 | 12.503%(T) | 1 Day BROIS(2)(T)/ 0.051% | — | 26,432 | 26,432 | |||||||
BRL | 7,258 | 01/04/27 | 12.640%(T) | 1 Day BROIS(1)(T)/ 0.051% | (44,075) | (130,523) | (86,448) | |||||||
BRL | 2,510 | 01/04/27 | 12.688%(T) | 1 Day BROIS(2)(T)/ 0.051% | — | 46,166 | 46,166 | |||||||
BRL | 518 | 01/04/27 | 13.270%(T) | 1 Day BROIS(1)(T)/ 0.051% | — | (12,774) | (12,774) | |||||||
BRL | 1,867 | 01/02/29 | 10.314%(T) | 1 Day BROIS(2)(T)/ 0.051% | — | (1,932) | (1,932) | |||||||
CLP | 381,820 | 09/20/28 | 4.850%(S) | 1 Day CLOIS(2)(S)/ 10.250% | — | (688) | (688) | |||||||
CLP | 527,040 | 09/20/28 | 5.008%(S) | 1 Day CLOIS(2)(S)/ 10.250% | — | 3,406 | 3,406 | |||||||
CLP | 877,560 | 09/20/28 | 5.095%(S) | 1 Day CLOIS(2)(S)/ 10.250% | 1,253 | 9,666 | 8,413 |
17
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2023 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at July 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
CLP | 283,270 | 09/20/28 | 5.118%(S) | 1 Day CLOIS(1)(S)/ 10.250% | $— | $(3,453) | $(3,453) | |||||||
CLP | 25,080 | 03/15/33 | 5.100%(S) | 1 Day CLOIS(2)(S)/ 10.250% | (586) | (629) | (43) | |||||||
CLP | 155,590 | 06/22/33 | 5.278%(S) | 1 Day CLOIS(1)(S)/ 10.250% | — | (1,916) | (1,916) | |||||||
CLP | 371,330 | 09/20/33 | 4.785%(S) | 1 Day CLOIS(1)(S)/ 10.250% | 106 | 6,634 | 6,528 | |||||||
CLP | 213,130 | 09/20/33 | 4.860%(S) | 1 Day CLOIS(1)(S)/ 10.250% | — | 2,306 | 2,306 | |||||||
CNH | 3,000 | 07/28/27 | 2.438%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.970% | — | 911 | 911 | |||||||
CNH | 4,547 | 12/15/27 | 2.680%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.970% | (2,149) | 7,250 | 9,399 | |||||||
CNH | 5,630 | 04/24/28 | 2.811%(Q) | 7 Day China Fixing Repo Rates(2)(Q)/ 1.970% | — | 12,576 | 12,576 | |||||||
COP | 950,000 | 12/12/23 | 5.530%(Q) | 1 Day COOIS(2)(Q)/ 12.261% | — | (7,930) | (7,930) | |||||||
COP | 3,355,250 | 09/20/25 | 8.605%(Q) | 1 Day COOIS(2)(Q)/ 12.261% | — | 1,759 | 1,759 | |||||||
COP | 2,065,890 | 09/21/27 | 9.200%(Q) | 1 Day COOIS(1)(Q)/ 12.261% | (154) | (20,370) | (20,216) | |||||||
COP | 363,880 | 11/04/27 | 11.300%(Q) | 1 Day COOIS(1)(Q)/ 12.261% | — | (10,593) | (10,593) | |||||||
COP | 236,760 | 12/21/27 | 10.125%(Q) | 1 Day COOIS(1)(Q)/ 12.261% | — | (4,612) | (4,612) | |||||||
COP | 1,416,700 | 12/21/27 | 10.187%(Q) | 1 Day COOIS(1)(Q)/ 12.261% | 447 | (28,417) | (28,864) | |||||||
COP | 1,047,000 | 12/21/27 | 10.960%(Q) | 1 Day COOIS(1)(Q)/ 12.261% | — | (28,581) | (28,581) | |||||||
COP | 1,081,990 | 12/21/27 | 11.966%(Q) | 1 Day COOIS(1)(Q)/ 12.261% | — | (39,730) | (39,730) | |||||||
COP | 1,700,665 | 03/15/28 | 9.098%(Q) | 1 Day COOIS(1)(Q)/ 12.261% | 9,888 | (17,920) | (27,808) | |||||||
COP | 729,970 | 06/21/28 | 8.766%(Q) | 1 Day COOIS(1)(Q)/ 12.261% | — | (5,974) | (5,974) | |||||||
COP | 6,491,262 | 09/20/28 | 7.440%(Q) | 1 Day COOIS(2)(Q)/ 12.261% | (7,635) | (14,461) | (6,826) | |||||||
COP | 211,800 | 11/09/31 | 6.650%(Q) | 1 Day COOIS(2)(Q)/ 12.261% | — | (4,089) | (4,089) |
18
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2023 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at July 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
CZK | 19,848 | 06/21/25 | 5.919%(A) | 6 Month PRIBOR(1)(S)/ 7.100% | $150 | $(6,022) | $(6,172) | |||||||
CZK | 6,507 | 06/15/31 | 1.730%(A) | 6 Month PRIBOR(2)(S)/ 7.100% | — | (49,169) | (49,169) | |||||||
HUF | 150,000 | 03/17/27 | 6.250%(A) | 6 Month BUBOR(1)(S)/ 13.810% | — | 42,219 | 42,219 | |||||||
HUF | 395,896 | 09/20/28 | 7.150%(A) | 6 Month BUBOR(1)(S)/ 13.810% | 12,450 | 6,498 | (5,952) | |||||||
KRW | 496,507 | 09/21/27 | 3.087%(Q) | 3 Month KWCDC(2)(Q)/ 3.740% | (738) | (7,964) | (7,226) | |||||||
KRW | 2,200,000 | 12/21/27 | 4.197%(Q) | 3 Month KWCDC(2)(Q)/ 3.740% | 83,699 | 43,945 | (39,754) | |||||||
KRW | 904,550 | 03/15/28 | 2.965%(Q) | 3 Month KWCDC(2)(Q)/ 3.740% | (4,646) | (19,449) | (14,803) | |||||||
KRW | 2,531,040 | 03/15/28 | 3.100%(Q) | 3 Month KWCDC(2)(Q)/ 3.740% | (37,467) | (42,568) | (5,101) | |||||||
KRW | 1,450,000 | 09/20/28 | 3.435%(Q) | 3 Month KWCDC(2)(Q)/ 3.740% | — | (6,643) | (6,643) | |||||||
MXN | 44,000 | 06/18/25 | 10.240%(M) | 28 Day Mexican Interbank Rate(1)(M)/ 11.508% | 1,131 | (18,578) | (19,709) | |||||||
MXN | 13,850 | 09/17/25 | 9.496%(M) | 28 Day Mexican Interbank Rate(1)(M)/ 11.508% | — | (691) | (691) | |||||||
MXN | 16,650 | 09/18/25 | 9.136%(M) | 28 Day Mexican Interbank Rate(1)(M)/ 11.508% | — | 5,449 | 5,449 | |||||||
MXN | 14,446 | 03/11/26 | 4.845%(M) | 28 Day Mexican Interbank Rate(2)(M)/ 11.508% | (7,847) | (92,056) | (84,209) |
19
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2023 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at July 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
MXN | 124 | 06/09/27 | 8.543%(M) | 28 Day Mexican Interbank Rate(1)(M)/ 11.508% | $71 | $54 | $(17) | |||||||
MXN | 4,670 | 03/08/28 | 8.109%(M) | 28 Day Mexican Interbank Rate(2)(M)/ 11.508% | — | (5,060) | (5,060) | |||||||
MXN | 1,255 | 06/14/28 | 8.660%(M) | 28 Day Mexican Interbank Rate(1)(M)/ 11.508% | (1,053) | (491) | 562 | |||||||
MXN | 9,700 | 09/13/28 | 8.185%(M) | 28 Day Mexican Interbank Rate(2)(M)/ 11.508% | — | (3,047) | (3,047) | |||||||
MXN | 4,078 | 09/13/28 | 8.390%(M) | 28 Day Mexican Interbank Rate(1)(M)/ 11.508% | — | (698) | (698) | |||||||
MXN | 5,346 | 01/28/30 | 6.640%(M) | 28 Day Mexican Interbank Rate(2)(M)/ 11.508% | (27,063) | (26,920) | 143 | |||||||
MXN | 4,070 | 09/07/33 | 7.872%(M) | 28 Day Mexican Interbank Rate(2)(M)/ 11.508% | — | (5,606) | (5,606) | |||||||
PLN | 2,450 | 10/05/23 | 1.350%(A) | 6 Month WIBOR(1)(S)/ 6.600% | — | 12,980 | 12,980 | |||||||
PLN | 2,450 | 10/05/23 | 1.375%(A) | 6 Month WIBOR(1)(S)/ 6.600% | — | 12,829 | 12,829 | |||||||
PLN | 2,360 | 12/15/23 | 2.400%(A) | 6 Month WIBOR(1)(S)/ 6.600% | — | 6,289 | 6,289 | |||||||
PLN | 2,700 | 07/24/24 | 1.798%(A) | 6 Month WIBOR(2)(S)/ 6.600% | — | (27,747) | (27,747) | |||||||
PLN | 930 | 02/01/25 | 4.300%(A) | 6 Month WIBOR(1)(S)/ 6.600% | — | 7,244 | 7,244 |
20
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2023 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at July 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
PLN | 6,921 | 06/21/25 | 6.021%(A) | 6 Month WIBOR(1)(S)/ 6.600% | $4,254 | $(18,233) | $(22,487) | |||||||
PLN | 2,730 | 09/08/25 | 0.637%(A) | 6 Month WIBOR(2)(S)/ 6.600% | (1,637) | (74,540) | (72,903) | |||||||
PLN | 1,186 | 06/15/27 | 4.970%(A) | 6 Month WIBOR(2)(S)/ 6.600% | (14,066) | 1,807 | 15,873 | |||||||
PLN | 1,670 | 08/02/27 | 5.680%(A) | 6 Month WIBOR(2)(S)/ 6.600% | — | 24,088 | 24,088 | |||||||
PLN | 4,830 | 09/21/27 | 6.632%(A) | 6 Month WIBOR(1)(S)/ 6.600% | (15,532) | (123,665) | (108,133) | |||||||
PLN | 1,434 | 10/06/27 | 6.826%(A) | 6 Month WIBOR(2)(S)/ 6.600% | — | 40,176 | 40,176 | |||||||
PLN | 1,970 | 10/25/27 | 7.900%(A) | 6 Month WIBOR(2)(S)/ 6.600% | — | 79,089 | 79,089 | |||||||
PLN | 2,116 | 12/21/27 | 6.845%(A) | 6 Month WIBOR(1)(S)/ 6.600% | (32,911) | (61,608) | (28,697) | |||||||
PLN | 1,912 | 06/21/28 | 5.174%(A) | 6 Month WIBOR(2)(S)/ 6.600% | — | 9,988 | 9,988 | |||||||
PLN | 1,021 | 06/21/28 | 5.305%(A) | 6 Month WIBOR(2)(S)/ 6.600% | — | 6,769 | 6,769 | |||||||
PLN | 700 | 06/17/31 | 1.745%(A) | 6 Month WIBOR(1)(S)/ 6.600% | — | 32,588 | 32,588 | |||||||
PLN | 271 | 05/10/32 | 6.410%(A) | 6 Month WIBOR(1)(S)/ 6.600% | — | (8,217) | (8,217) | |||||||
ZAR | 18,880 | 06/21/25 | 8.250%(Q) | 3 Month JIBAR(1)(Q)/ 8.450% | 12,729 | 278 | (12,451) | |||||||
ZAR | 5,789 | 08/21/25 | 4.978%(Q) | 3 Month JIBAR(2)(Q)/ 8.450% | (6,828) | (21,597) | (14,769) | |||||||
ZAR | 2,808 | 03/16/27 | 6.960%(Q) | 3 Month JIBAR(1)(Q)/ 8.450% | 5,758 | 6,497 | 739 |
21
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2023 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at July 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Interest Rate Swap Agreements (cont’d.): | ||||||||||||||
ZAR | 1,744 | 09/21/27 | 7.490%(Q) | 3 Month JIBAR(2)(Q)/ 8.450% | $(3,444) | $(2,834) | $610 | |||||||
ZAR | 19,350 | 09/21/27 | 8.280%(Q) | 3 Month JIBAR(1)(Q)/ 8.450% | 1,025 | 856 | (169) | |||||||
ZAR | 3,900 | 12/21/27 | 8.860%(Q) | 3 Month JIBAR(1)(Q)/ 8.450% | (1,108) | (4,293) | (3,185) | |||||||
ZAR | 38,367 | 03/15/28 | 7.766%(Q) | 3 Month JIBAR(2)(Q)/ 8.450% | (84,408) | (50,799) | 33,609 | |||||||
ZAR | 38,132 | 06/21/28 | 8.455%(Q) | 3 Month JIBAR(1)(Q)/ 8.450% | 8,142 | (3,596) | (11,738) | |||||||
ZAR | 7,100 | 09/20/28 | 8.620%(Q) | 3 Month JIBAR(2)(Q)/ 8.450% | — | 2,600 | 2,600 | |||||||
ZAR | 7,990 | 09/20/28 | 8.620%(Q) | 3 Month JIBAR(2)(Q)/ 8.450% | — | 2,926 | 2,926 | |||||||
ZAR | 31,757 | 09/20/28 | 8.980%(Q) | 3 Month JIBAR(2)(Q)/ 8.450% | 8,833 | 37,173 | 28,340 | |||||||
ZAR | 3,244 | 04/13/31 | 7.530%(Q) | 3 Month JIBAR(2)(Q)/ 8.450% | (39) | (14,834) | (14,795) | |||||||
ZAR | 6,680 | 07/13/31 | 7.415%(Q) | 3 Month JIBAR(1)(Q)/ 8.450% | 93 | 34,636 | 34,543 | |||||||
ZAR | 6,610 | 09/27/31 | 7.493%(Q) | 3 Month JIBAR(1)(Q)/ 8.450% | 1,662 | 34,153 | 32,491 | |||||||
ZAR | 4,635 | 01/04/32 | 7.595%(Q) | 3 Month JIBAR(1)(Q)/ 8.450% | 5,064 | 23,568 | 18,504 | |||||||
ZAR | 2,682 | 11/10/32 | 9.160%(Q) | 3 Month JIBAR(2)(Q)/ 8.450% | (11) | (400) | (389) | |||||||
ZAR | 5,848 | 03/30/33 | 9.110%(Q) | 3 Month JIBAR(2)(Q)/ 8.450% | (14) | (3,697) | (3,683) | |||||||
$(129,378) | $(416,668) | $(287,290) |
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 | 2,300 | 07/21/27 | 3.640%(Q) | 3 Month KLIBOR(2)(Q)/ 3.510% | $(886) | $(10) | $(876) | GSI | |||||||
MYR | 3,000 | 07/29/27 | 3.500%(Q) | 3 Month KLIBOR(2)(Q)/ 3.510% | (4,758) | (12) | (4,746) | JPM |
22
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at July 31, 2023 (continued):
Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Fair Value | Upfront Premiums Paid(Received) | Unrealized Appreciation (Depreciation) | Counterparty | ||||||||
OTC Interest Rate Swap Agreements (cont’d.): | |||||||||||||||
MYR | 5,300 | 06/21/28 | 3.442%(Q) | 3 Month KLIBOR(2)(Q)/ 3.510% | $(14,851) | $— | $(14,851) | BOA | |||||||
MYR | 4,100 | 06/21/28 | 3.507%(Q) | 3 Month KLIBOR(2)(Q)/ 3.510% | (8,717) | — | (8,717) | BOA | |||||||
MYR | 5,400 | 06/21/28 | 3.565%(Q) | 3 Month KLIBOR(2)(Q)/ 3.510% | (8,224) | — | (8,224) | CITI | |||||||
MYR | 4,300 | 06/21/28 | 3.598%(Q) | 3 Month KLIBOR(2)(Q)/ 3.510% | (5,095) | — | (5,095) | GSI | |||||||
MYR | 4,400 | 06/21/28 | 3.615%(Q) | 3 Month KLIBOR(2)(Q)/ 3.510% | (4,413) | — | (4,413) | GSI | |||||||
MYR | 4,495 | 09/20/28 | 3.629%(Q) | 3 Month KLIBOR(2)(Q)/ 3.510% | (5,049) | — | (5,049) | CITI | |||||||
$(51,993) | $(22) | $(51,971) |
(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).
23