N-Q 1 dnq.htm PRUDENTIAL INVESTMENT PORTFOLIOS 9 (F/K/A DRYDEN TAX-MANAGED FUNDS) Prudential Investment Portfolios 9 (f/k/a Dryden Tax-Managed Funds)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-09101

Prudential Investment Portfolios 9

(f/k/a Dryden Tax-Managed Funds)

Exact name of registrant as specified in charter:

Gateway Center 3,

100 Mulberry Street,

Newark, New Jersey 07102

Address of principal executive offices:

Deborah A. Docs

Gateway Center 3,

100 Mulberry Street,

Newark, New Jersey 07102

Name and address of agent for service:

Registrant’s telephone number, including area code: 800-225-1852

Date of fiscal year end: 10/31/2010

Date of reporting period: 1/31/2010

 

 

 


Item 1. Schedule of Investments


Dryden Tax-Managed Funds -

Dryden Large-Cap Core Equity Fund

Schedule of Investments

as of January 31, 2010 (Unaudited)

 

Shares

  

Description

  

Value

LONG-TERM INVESTMENTS 94.9%

  

COMMON STOCK

  

CONSUMER DISCRETIONARY 10.5%

  

Auto Components 0.3%

  
 

21,100

   Johnson Controls, Inc.    $ 587,213
 

21,000

   TRW Automotive Holdings Corp.(a)(b)      483,630
           
          1,070,843
           

Automobiles 0.9%

  
 

315,200

   Ford Motor Co.(a)(b)      3,416,768
           

Diversified Consumer Services 0.2%

  
 

12,300

   DeVry, Inc.      751,038
           

Hotels, Restaurants & Leisure 0.7%

  
 

19,900

   McDonald’s Corp.      1,242,357
 

38,000

   Yum! Brands, Inc.      1,299,980
           
        2,542,337
           

Household Durables 0.8%

  
 

23,900

   American Greetings Corp.      441,672
 

6,000

   Fortune Brands, Inc.      249,420
 

3,500

   Helen of Troy Ltd.(a)      82,495
 

14,600

   Leggett & Platt, Inc.      266,596
 

86,300

   Newell Rubbermaid, Inc.      1,171,091
 

24,100

   Tempur-Pedic International, Inc.(a)      599,849
 

3,500

   Whirlpool Corp.      263,130
           
          3,074,253
           

Internet & Catalog Retail 0.1%

  
 

25,900

   Expedia, Inc.(a)(b)      554,519
           

Media 3.3%

  
 

187,900

   Comcast Corp. (Class A Stock)      2,974,457
 

27,200

   DIRECTV Group, Inc. (The)(a)      825,520
 

81,200

   Gannett Co., Inc.      1,311,380
 

171,500

   News Corp., Inc. (Class A Stock)      2,162,615
 

43,366

   Time Warner, Inc.      1,190,397
 

22,272

   Time Warner Cable, Inc.      970,836
 

86,800

   Viacom, Inc. (Class B Stock)(a)      2,529,352
 

12,460

   Walt Disney Co. (The)      368,193
           
          12,332,750
           

Multiline Retail 1.2%

  
 

9,900

   Big Lots, Inc.(a)(b)      281,259


 

12,300

   Kohl’s Corp.(a)(b)    619,551
 

53,800

   Macy’s, Inc.    857,034
 

54,500

   Target Corp.    2,794,215
         
        4,552,059
         

Specialty Retail 2.1%

  
 

43,800

   Best Buy Co., Inc.    1,605,270
 

30,500

   Chico’s FAS, Inc.(a)    389,485
 

64,900

   Gap, Inc. (The)    1,238,292
 

15,000

   Home Depot, Inc. (The)    420,150
 

5,900

   Jos. A. Bank Clothiers, Inc.(a)(b)    247,269
 

7,200

   Lithia Motors Inc.(a)    56,160
 

11,200

   Limited Brands, Inc.    213,024
 

46,000

   Ross Stores, Inc.    2,112,780
 

27,900

   TJX Cos., Inc.    1,060,479
 

8,400

   Tractor Supply Co.(a)    423,948
         
        7,766,857
         

Textiles, Apparel & Luxury Goods 0.9%

  
 

58,600

   Coach, Inc.    2,043,968
 

14,000

   Hanesbrands Inc.(a)    321,580
 

20,400

   Jones Apparel Group, Inc.    294,576
 

1,000

  

Philips-Van Heusen Corp.

   39,290
 

2,700

   Steven Madden Ltd.(a)    108,378
 

10,600

   VF Corp.    763,518
         
        3,571,310
         

CONSUMER STAPLES 9.6%

  

Beverages 2.1%

  
 

73,300

   Coca-Cola Co. (The)    3,976,525
 

7,700

   Coca-Cola Enterprises, Inc.    155,463
 

3,300

   Constellation Brands, Inc. (Class A Stock)(a)(b)    53,064
 

39,300

   Dr Pepper Snapple Group, Inc.    1,087,038
 

46,894

   PepsiCo, Inc.    2,795,820
         
        8,067,910
         

Food & Staples Retailing 1.2%

  
 

2,800

   Costco Wholesale Corp.    160,804
 

82,170

   Wal-Mart Stores, Inc.    4,390,343
         
        4,551,147
         

Food Products 1.6%

  
 

62,038

   Archer-Daniels-Midland Co.    1,859,279
 

38,600

   Chiquita Brands International, Inc.(a)(b)    566,262
 

4,500

   ConAgra Foods, Inc.    102,330
 

16,100

   Dean Foods Co.(a)    283,843
 

36,000

   Del Monte Foods Co.    409,680
 

4,900

   General Mills, Inc.    349,419
 

25,300

   Kellogg Co.    1,376,826
 

22,130

   Kraft Foods, Inc. (Class A Stock)(b)    612,116
 

49,600

   Sara Lee Corp.    602,144
         
        6,161,899
         


Household Products 3.1%

  
 

6,000

   Clorox Co.    355,020
 

8,270

   Colgate-Palmolive Co.    661,848
 

43,300

   Kimberly-Clark Corp.    2,571,587
 

128,964

   Procter & Gamble Co.    7,937,734
         
        11,526,189
         

Personal Products 0.1%

  
 

11,500

   Avon Products, Inc.    346,610
 

16,400

   Prestige Brands Holdings, Inc.(a)    127,428
         
        474,038
         

Tobacco 1.5%

  
 

64,400

   Altria Group, Inc.    1,278,984
 

2,500

   Lorillard, Inc.    189,250
 

57,900

   Philip Morris International, Inc.    2,635,029
 

27,400

   Reynolds American, Inc.    1,457,680
         
        5,560,943
         

ENERGY 10.2%

  

Energy Equipment & Services 0.7%

  
 

6,200

   Diamond Offshore Drilling, Inc.    567,486
 

13,800

   FMC Technologies, Inc.(a)    733,746
 

2,700

   Halliburton Co.    78,867
 

3,900

   National-Oilwell Varco, Inc.    159,510
 

15,200

   Schlumberger Ltd.    964,592
         
        2,504,201
         

Oil, Gas & Consumable Fuels 9.5%

  
 

28,700

   Anadarko Petroleum Corp.    1,830,486
 

8,100

   Apache Corp.    800,037
 

8,900

   Berry Petroleum Co. (Class A Stock)    241,012
 

47,700

   Chesapeake Energy Corp.    1,182,006
 

95,584

   Chevron Corp.    6,893,518
 

88,500

   ConocoPhillips    4,248,000
 

3,200

   Consol Energy, Inc.    149,152
 

21,900

   Devon Energy Corp.    1,465,329
 

11,700

   El Paso Corp.    118,755
 

190,474

   Exxon Mobil Corp.(b)    12,272,240
 

4,000

   Hess Corp.    231,160
 

49,500

   Marathon Oil Corp.    1,475,595
 

25,800

   Murphy Oil Corp.    1,317,864
 

10,600

   Occidental Petroleum Corp.    830,404
 

12,900

   Peabody Energy Corp.    543,348
 

14,500

   Southwestern Energy Co.(a)    621,760
 

65,000

   Spectra Energy Corp.    1,381,250
 

4,400

   World Fuel Services Corp.    105,732
 

9,600

   XTO Energy, Inc.    427,872
         
        36,135,520
         


FINANCIAL 12.5%

  

Capital Markets 2.1%

  
 

20,200

   Ameriprise Financial, Inc.    772,448
 

2,600

   Fifth Street Finance Corp.    28,470
 

9,400

   Franklin Resources, Inc.    930,882
 

27,080

   Goldman Sachs Group, Inc. (The)    4,027,338
 

11,200

   Invesco Ltd.    216,160
 

40,400

   Morgan Stanley    1,081,912
 

4,100

   Pennantpark Investment Corp.    37,105
 

5,300

   State Street Corp.    227,264
 

10,300

   T. Rowe Price Group, Inc.(b)    511,086
         
        7,832,665
         

Commercial Banks 1.5%

  
 

8,400

   BB&T Corp.    234,108
 

8,900

   PNC Financial Services Group, Inc. (The)    493,327
 

52,291

   U.S. Bancorp    1,311,458
 

132,264

   Wells Fargo & Co.    3,760,266
         
        5,799,159
         

Consumer Finance 1.2%

  
 

70,800

   American Express Co.    2,666,328
 

49,700

   Capital One Financial Corp.(b)    1,831,942
 

3,300

   World Acceptance Corp.(a)(b)    133,287
         
        4,631,557
         

Diversified Financial Services 4.1%

  
 

491,168

   Bank of America Corp.(b)    7,455,929
 

216,300

   Citigroup, Inc.(b)    718,116
 

2,000

   CME Group, Inc.    573,640
 

152,500

   JPMorgan Chase & Co.    5,938,350
 

17,400

   Moody’s Corp.(b)    480,066
 

12,400

   Nasdaq OMX group, Inc. (The)(a)    223,076
         
        15,389,177
         

Insurance 2.8%

  
 

24,200

   Aflac, Inc.    1,172,006
 

2,600

   Allied World Assurance Co. Holdings Ltd.    116,376
 

24,000

   Allstate Corp. (The)    718,320
 

14,500

   American Equity Investment Life Holding Co.    106,430
 

22,900

   Chubb Corp. (The)    1,145,000
 

14,400

   Delphi Financial Group, Inc. (Class A Stock)    291,600
 

9,300

   Endurance Specialty Holdings Ltd.    334,986
 

30,200

   Hartford Financial Services Group, Inc.    724,498
 

16,300

   Lincoln National Corp.    400,654
 

38,600

   MetLife, Inc.    1,363,352
 

3,900

   PartnerRe Ltd.    290,901
 

8,100

   Principal Financial Group, Inc.    186,705
 

19,100

   Protective Life Corp.    321,835


 

1,800

   Torchmark Corp.    80,820
 

34,197

   Travelers Cos., Inc. (The)    1,732,762
 

68,700

   UnumProvident Corp.    1,344,459
 

4,200

   XL Capital, Ltd. (Class A Stock)    70,434
         
        10,401,138
         

Real Estate Investment Trusts 0.7%

  
 

37,900

   Annaly Mortgage Management, Inc.    658,702
 

40,200

   CBL & Associates Properties, Inc.(b)    402,000
 

100,100

   Chimera Investment Corp.    392,392
 

33,200

   Colonial Properties Trust(b)    365,532
 

52,078

   Host Hotels & Resorts, Inc.(a)(b)    552,027
 

48,900

   MFA Mortgage Investments, Inc    359,904
 

3,100

   ProLogis Trust(b)    39,060
         
        2,769,617
         

Thrifts & Mortgage Finance 0.1%

  
 

12,900

   Astoria Financial Corp.    170,280
         

HEALTHCARE 13.7%

  

Biotechnology 0.6%

  
 

14,700

   Amgen, Inc.(a)    859,656
 

14,300

   Biogen Idec, Inc.(a)    768,482
 

13,600

   Gilead Sciences, Inc.(a)    656,472
         
        2,284,610
         

Healthcare Equipment & Supplies 2.9%

  
 

26,700

   American Medical Systems Holdings, Inc.(a)(b)    512,640
 

22,200

   Baxter International, Inc.    1,278,498
 

12,600

   Becton Dickinson and Co.    949,662
 

39,600

   CareFusion Corp.(a)(b)    1,019,700
 

24,800

   Hospira, Inc.(a)    1,255,872
 

7,600

   Intuitive Surgical, Inc.(a)    2,493,256
 

73,500

   Medtronic, Inc.    3,152,415
 

4,300

   Quidel Corp.(a)    57,104
 

2,100

   Sirona Dental Systems, Inc.(a)    67,557
 

1,500

   STERIS Corp.    39,120
 

3,300

   Stryker Corp.    171,336
         
        10,997,160
         

Healthcare Providers & Services 2.7%

  
 

7,300

   Aetna, Inc.    218,781
 

24,000

   Coventry Health Care, Inc.(a)    549,120
 

5,900

   Express Scripts, Inc.(a)(b)    494,774
 

600

   Laboratory Corp. of America Holdings(a)    42,660
 

4,100

   Lincare Holdings, Inc.(a)(b)    150,962
 

27,000

   Medco Health Solutions, Inc.(a)    1,659,960
 

15,300

   Quest Diagnostics, Inc.(b)    851,751
 

85,600

   UnitedHealth Group, Inc.    2,824,800
 

50,400

   WellPoint, Inc.(a)    3,211,488
         
        10,004,296
         


Healthcare Technology

  
 

1,300

   Computer Programs & Systems, Inc.    48,919
         

Life Sciences, Tools & Services 1.2%

  
 

13,300

   Bruker Corp.(a)    163,191
 

4,300

   Mettler-Toledo International, Inc.(a)    419,121
 

5,500

   Millipore Corp.(a)(b)    379,335
 

55,000

   Thermo Fisher Scientific, Inc.(a)    2,538,250
 

20,900

   Waters Corp.(a)(b)    1,190,882
         
        4,690,779
         

Pharmaceuticals 6.3%

  
 

35,100

   Abbott Laboratories    1,858,194
 

41,100

   Allergan, Inc.    2,363,250
 

135,500

   Bristol-Myers Squibb Co.    3,300,780
 

43,500

   Eli Lilly & Co.    1,531,200
 

9,900

   Forest Laboratories, Inc.(a)    293,436
 

98,799

   Johnson & Johnson    6,210,506
 

105,400

   Merck & Co., Inc.    4,024,172
 

19,500

   Par Pharmaceutical Cos, Inc.(a)    513,240
 

185,834

   Pfizer, Inc.    3,467,662
 

8,400

   Watson Pharmaceuticals, Inc.(a)(b)    322,308
         
        23,884,748
         

INDUSTRIALS 10.1%

  

Aerospace & Defense 3.6%

  
 

5,500

   Alliant Techsystems, Inc.(a)    434,335
 

2,100

   American Science & Engineering, Inc.    163,044
 

10,600

   Boeing Co. (The)    642,360
 

37,100

   General Dynamics Corp.    2,480,135
 

13,600

   Honeywell International, Inc.    525,504
 

1,900

   ITT Corp.    91,789
 

12,100

   L-3 Communications Holdings, Inc.    1,008,414
 

9,000

   Lockheed Martin Corp.    670,680
 

35,100

   Northrop Grumman Corp.    1,986,660
 

51,800

   Raytheon Co.    2,715,874
 

6,400

   Teledyne Technologies, Inc.(a)    238,464
 

39,700

   United Technologies Corp.    2,678,956
         
        13,636,215
         

Air Freight & Logistics 1.6%

  
 

22,300

   C.H. Robinson Worldwide, Inc.    1,262,849
 

24,400

   FedEx Corp.    1,911,740
 

48,500

   United Parcel Service, Inc. (Class B Stock)    2,801,845
         
        5,976,434
         

Airlines 0.1%

  
 

8,800

   Alaska Airgroup Inc.(a)    275,792
         

Commercial Services & Supplies 0.4%

  
 

6,200

   Avery Dennison Corp.    201,562


 

30,100

   R. R. Donnelley & Sons Co.    596,582
 

24,600

   Waste Management, Inc.(b)    788,430
         
        1,586,574
         

Electrical Equipment 0.4%

  
 

30,100

   Emerson Electric Co.    1,250,354
 

8,000

   Roper Industries, Inc.    400,640
         
        1,650,994
         

Industrial Conglomerates 1.8%

  
 

31,800

   3M Co.    2,559,582
 

264,900

   General Electric Co.    4,259,592
         
        6,819,174
         

Machinery 1.1%

  
 

8,700

   Colfax Corp.(a)    98,049
 

5,900

   Crane Co.    180,068
 

15,400

   Danaher Corp.    1,098,790
 

26,500

   Dover Corp.    1,136,320
 

4,100

   Flowserve Corp.    369,697
 

24,500

   Illinois Tool Works, Inc.    1,067,955
         
        3,950,879
         

Professional Services

  
 

5,200

   Equifax, Inc.    166,400
         

Road & Rail 0.8%

  
 

16,900

   CSX Corp.    724,334
 

28,800

   Ryder System, Inc.    1,048,320
 

20,300

   Union Pacific Corp.    1,228,150
         
        3,000,804
         

Trading Companies & Distributors 0.3%

  
 

7,100

   W.W. Grainger, Inc.    704,888
 

12,400

   WESCO International, Inc.(a)    343,728
         
        1,048,616
         

INFORMATION TECHNOLOGY 19.4%

  

Communications Equipment 2.2%

  
 

237,050

   Cisco Systems, Inc.(a)    5,326,514
 

26,100

   Harris Corp.    1,120,212
 

32,400

   Juniper Networks, Inc.(a)    804,492
 

40,300

   Motorola, Inc.(a)    247,845
 

16,000

   QUALCOMM, Inc.    627,040
 

12,800

   Riverbed Technology, Inc.(a)    286,976
         
        8,413,079
         

Computers & Peripherals 5.9%

  
 

33,190

   Apple, Inc.(a)    6,376,463


 

53,700

   Dell, Inc.(a)    692,730
 

128,700

   EMC Corp.(a)    2,145,429
 

93,725

   Hewlett-Packard Co.    4,411,636
 

51,470

   International Business Machines Corp.    6,299,413
 

2,400

   NetApp, Inc.(a)    69,912
 

14,900

   Seagate Technology LLC    249,277
 

8,700

   Teradata Corp.(a)    243,339
 

51,500

   Western Digital Corp.(a)    1,956,485
         
        22,444,684
         

Electronic Equipment & Instruments 0.6%

  
 

74,700

   Corning, Inc.    1,350,576
 

53,100

   Jabil Circuit, Inc.    768,888
 

2,500

   Tech Data Corp.(a)    101,875
         
        2,221,339
         

Internet Software & Services 1.6%

  
 

3,678

   AOL, Inc.(a)    88,162
 

76,500

   eBay, Inc.(a)(b)    1,761,030
 

8,000

   Google, Inc. (Class A Stock)(a)    4,235,360
         
        6,084,552
         

IT Services 2.1%

  
 

600

   Computer Sciences Corp.(a)    30,780
 

64,000

   Convergys Corp.(a)    684,800
 

3,600

   Fiserv, Inc.(a)    162,144
 

9,300

   Mastercard, Inc. (Class A Stock)(b)    2,324,070
 

37,400

   Visa, Inc. (Class A Stock)    3,067,922
 

95,100

   Western Union Co. (The)    1,763,154
         
        8,032,870
         

Office Electronics 0.4%

  
 

153,700

   Xerox Corp.(b)    1,340,264
         

Semiconductors & Semiconductor Equipment 3.4%

  
 

50,600

   Broadcom Corp. (Class A Stock)(a)    1,352,032
 

297,900

   Intel Corp.    5,779,260
 

14,900

   Linear Technology Corp.    388,890
 

43,500

   LSI Corp.(a)    217,065
 

17,400

   Marvell Technology Group Ltd.(a)    303,282
 

110,100

   Micron Technology, Inc.(a)(b)    960,072
 

49,900

   National Semiconductor Corp.    661,674
 

121,500

   Texas Instruments, Inc.    2,733,750
 

5,200

   Zoran Corp.(a)    57,044
         
        12,453,069
         

Software 3.2%

  
 

32,000

   Adobe Systems, Inc.(a)    1,033,600
 

10,600

   BMC Software, Inc.(a)    409,584
 

6,300

   Interactive Intelligence, Inc.(a)    108,990


 

64,500

   Intuit, Inc.(a)    1,909,845
 

29,900

   McAfee, Inc.(a)    1,127,230
 

228,500

   Microsoft Corp.    6,439,130
 

52,800

   Oracle Corp.    1,217,568
 

8,200

   Symantec Corp.(a)    138,990
         
        12,384,937
         

MATERIALS 3.5%

  

Chemicals 0.9%

  
 

12,300

   Air Products & Chemicals, Inc.    934,308
 

21,700

   E.I. du Pont de Nemours & Co.    707,637
 

9,900

   Eastman Chemical Co.    559,647
 

5,100

   Ecolab, Inc.    223,890
 

3,700

   Mosaic Co. (The)    197,987
 

5,600

   Newmarket Corp.    505,232
 

6,200

   Praxair, Inc.    466,984
         
        3,595,685
         

Containers & Packaging 0.3%

  
 

1,400

   Owens-Illinois, Inc.(a)    38,108
 

40,600

   Pactiv Corp.(a)    915,530
         
        953,638
         

Metals & Mining 2.0%

  
 

36,100

   Freeport-McMoRan Copper & Gold, Inc.    2,407,509
 

53,100

   Newmont Mining Corp.    2,275,866
 

23,100

   Nucor Corp.    942,480
 

45,800

   Southern Copper Corp.    1,219,654
 

5,400

   Walter Energy, Inc.    350,568
         
        7,196,077
         

Paper & Forest Products 0.3%

  
 

54,100

   MeadWestvaco Corp.    1,302,187
         

TELECOMMUNICATION SERVICES 3.2%

  

Diversified Telecommunication Services 3.2%

  
 

260,268

   AT&T, Inc.    6,600,396
 

35,200

   CenturyTel, Inc.    1,197,152
 

131,900

   Verizon Communications, Inc.(b)    3,880,498
 

18,500

   Windstream Corp.(b)    190,735
         
        11,868,781
         

Wireless Telecommunication Services

  
 

4,000

   NII Holdings, Inc.(a)    130,960
         

UTILITIES 2.2%

  

Electric Utilities 1.1%

  
 

45,500

   Allegheny Energy, Inc.    953,225
 

25,400

   American Electric Power Co., Inc.    880,110


 

37,300

   Duke Energy Corp.      616,569   
 

18,900

   Edison International      629,748   
 

4,000

   Exelon Corp.      182,480   
 

4,500

   FPL Group, Inc.      219,420   
 

22,000

   Pepco Holdings, Inc.      361,240   
 

4,100

   Pinnacle West Capital Corp.      146,862   
             
          3,989,654   
             

Independent Power Producers & Energy Traders 0.3%

  
 

6,000

   AES Corp.(The)(a)      75,780   
 

33,500

   Constellation Energy Group, Inc.      1,081,380   
             
          1,157,160   
             

Multi-Utilities 0.7%

  
 

10,200

   CMS Energy Corp.(b)      154,734   
 

9,000

   Inetgrys Energy Group, Inc.      376,650   
 

48,800

   Public Service Enterprise Group, Inc.      1,492,792   
 

8,900

   Sempra Energy      451,675   
 

9,600

   Xcel Energy, Inc.      199,488   
             
          2,675,339   
             

Water Utilities 0.1%

  
 

14,100

   American Water Works Co., Inc.      307,380   
             
    

Total long-term investments
(cost $296,610,565)

     358,182,223   
             

Principal

Amount (000)

      

SHORT-TERM INVESTMENTS 13.3%

  

United States Government Security 0.4%

  
 

$          1,500

  

United States Treasury Bill 0.120% 6/17/10(c)(d)
(cost $1,499,259)

     1,499,405   
             

Shares

      

Affiliated Money Market Mutual Fund 12.9%

  
 

48,673,338

  

Dryden Core Investment Fund - Taxable Money Market Series (cost $48,673,338; includes $30,612,081 of cash collateral received for securities on loan)(e)(f)

     48,673,338   
             
    

Total short-term investments
(cost $50,172,597)(g)

     50,172,743   
             
    

Total Investments 108.2%
(cost $346,783,162)

     408,354,966   
     Liabilities in excess of other assets(h) (8.2%)      (31,103,640
             
     Net Assets 100.0%    $ 377,251,326   
             

 

(a) Non- income producing security.
(b) All or a portion of a security on loan. The aggregate market value of such securities is $29,317,173; cash collateral of $30,612,081 (included in liabilities) was received with which the Fund purchased highly liquid short-term investments.


(c) All or a portion of security segregated as collateral for financial futures contracts.
(d) Rate quoted represents yield-to-maturity as of purchase date.
(e) Represents security, or portion thereof, purchased with the cash collateral received for securities on loan.
(f) Prudential Investments LLC, the manager of the Fund, also serves as the manager of the Dryden Core Investment Fund - Taxable Money Market Series.
(g) The United States federal income tax basis of the Fund’s investments and the net unrealized appreciation as of January 31, 2010 were as follows:

 

Tax Basis of Investments

  Appreciation   Depreciation     Net Unrealized
Appreciation
$   348,313,404   $ 61,730,058   $ (1,688,496   $ 60,041,562

The difference between book basis and tax basis was primarily attributable to deferred losses on wash sales.

 

(h) Liabilities in excess of other assets include net unrealized depreciation of financial futures as follows:

Open futures contracts outstanding at January 31, 2010:

 

Number of
Contracts

  

Type

   Expiration
Date
   Value at
January 31, 2010
   Value at
Trade Date
   Unrealized
Depreciation(1)
 
   Long Positions:            

330

   S&P 500 EMINI FUT    Mar 2010    $ 17,661,600    $ 18,371,998    $ (710,398
                    

 

(1) The amount represents fair value of derivative instruments subject to equity contracts risk exposure as of January 31, 2010.

Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in the three broad levels listed below.

Level 1 - quoted prices in active markets for identical securities

Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

Level 3 - significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

The following is a summary of the inputs used as of January 31, 2010 in valuing the Fund’s assets carried at fair value:

 

     Level 1     Level 2    Level 3

Investments in Securities

       

Common Stocks

   $ 358,182,223      $ —      $ —  

United States Government Security

     —          1,499,405      —  

Affiliated Money Market Mutual Fund

     48,673,338        —        —  
                     
     406,855,561        1,499,405      —  

Other Financial Instruments*

     (710,398     —        —  
                     

Total

   $ 406,145,163      $ 1,499,405    $ —  
                     

 

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.

As of October 31, 2009 and January 31, 2010, the Fund did not use any significant unobservable inputs (Level 3) in determining the value of investments.


Notes to Schedule of Investments (Unaudited)

Securities Valuation: Securities listed on a securities exchange (other than options on securities and indices) are valued at the last sale price on such exchange on the day of valuation or, if there was no sale on such day, at the mean between the last reported bid and asked prices, or at the last bid price on such day in the absence of an asked price. Securities traded via Nasdaq are valued at the Nasdaq official closing price (“NOCP”) on the day of valuation, or if there was no NOCP, at the last sale price. Securities that are actively traded in the over-the-counter market, including listed securities for which the primary market is believed by Prudential Investments LLC (“PI” or “Manager”), in consultation with the subadvisers, to be over-the-counter, are valued at market value using prices provided by an independent pricing agent or principal market maker.

Securities for which market quotations are not readily available, or whose values have been affected by events occurring after the close of the security’s foreign market and before the fund’s normal pricing time, are valued at fair value in accordance with the Board of Trustees’ approved fair valuation procedures. When determining the fair valuation of securities, some of the factors influencing the valuation include, the nature of any restrictions on disposition of the securities; assessment of the general liquidity of the securities; the issuer’s financial condition and the markets in which it does business; the cost of the investment; the size of the holding and the capitalization of issuer; the prices of any recent transactions or bids/offers for such securities or any comparable securities; any available analyst media or other reports or information deemed reliable by the investment adviser regarding the issuer or the markets or industry in which it operates. Using fair value to price securities may result in a value that is different from a security’s most recent closing price and from the price used by other mutual funds to calculate their net asset values.

Futures contracts and options thereon traded on a commodities exchange or board of trade are valued at the last sale price at the close of trading on such exchange or board of trade or, if there was no sale on the applicable commodities exchange or board of trade on such day, at the mean between the most recently quoted bid and asked prices on such exchange or board of trade or at the last bid price in the absence of an asked price.

Market value of investments traded in a foreign currency are translated into U.S. dollars at the current rates of exchange.

Investments in mutual funds are valued at the net asset value as of the close of the New York Stock Exchange on the date of valuation.

Short-term debt securities of sufficient credit quality which mature in sixty days or less, are valued at amortized cost, which approximates fair value. The amortized cost method involves valuing a security at its cost on the date of purchase and thereafter assuming a constant amortization to maturity of the difference between the principal amount due at maturity and cost. Short-term debt securities which mature in more than sixty days are valued at current market quotations.

The Fund invests in the Taxable Money Market Series (“the Portfolio”), a portfolio of Dryden Core Investment Fund. The Portfolio is a money market mutual fund registered under the Investment Company Act of 1940, as amended, and managed by PI.

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).


Item 2. Controls and Procedures

 

  (a) It is the conclusion of the registrant’s principal executive officer and principal financial officer that the effectiveness of the registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the registrant has been accumulated and communicated to the registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.

 

  (b) There have been no significant changes in the registrant’s internal controls or in other factors that could significantly affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

 

Item 3. Exhibits

Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 – Attached hereto.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) Prudential Investment Portfolios 9 (f/k/a Dryden Tax-Managed Funds)

 

By (Signature and Title)*  

/S/    DEBORAH A. DOCS        

  Deborah A. Docs
  Secretary of the Fund

Date March 29, 2010

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By (Signature and Title)*  

/S/    JUDY A. RICE        

  Judy A. Rice
  President and Principal Executive Officer

Date March 29, 2010

 

By (Signature and Title)*  

/S/    GRACE C. TORRES        

  Grace C. Torres
  Treasurer and Principal Financial Officer

Date March 29, 2010

 

* Print the name and title of each signing officer under his or her signature.