N-Q 1 dnq.htm PRUDENTIAL MONEYMART ASSETS, INC. (F/K/A MONEYMART ASSETS, INC.) Prudential MoneyMart Assets, Inc. (f/k/a MoneyMart Assets, Inc.)

 

 

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:    811-02619
Exact name of registrant as specified in charter:   

Prudential MoneyMart Assets, Inc.

(f/k/a MoneyMart Assets, Inc.)

Address of principal executive offices:   

Gateway Center 3,

100 Mulberry Street,

Newark, New Jersey 07102

Name and address of agent for service:   

Deborah A. Docs

Gateway Center 3,

100 Mulberry Street,

Newark, New Jersey 07102

Registrant’s telephone number, including area code:    800-225-1852
Date of fiscal year end:    7/31/2010
Date of reporting period:    4/30/2010

 

 

 


Item 1. Schedule of Investments


Prudential MoneyMart Assets, Inc.

Schedule of Investments

as of April 30, 2010 (Unaudited)

 

Principal

Amount (000) Description

   Value

 

Certificates of Deposit 20.3%

  
  

Bank of America N.A., Sr. Unsec’d. Notes, MTN

  
$ 6,000   

0.289%, 5/24/10(a)

   $ 6,000,000
  

Bank of Tokyo-Mitsubishi UFJ Ltd. (The)

  
  26,000   

0.210%, 5/04/10

     26,000,000
  

BNP Paribas ASA/New York

  
  40,000   

0.240%, 5/20/10

     40,000,000
  

JPMorgan Chase Bank, NA

  
  19,000   

0.190%, 5/13/10

     19,000,000
  

Royal Bank of Scotland PLC (The)

  
  10,000   

0.856%, 5/19/10(a)

     10,000,000
  

State Street Bank and Trust Co.

  
  7,000   

0.220%, 5/19/10

     7,000,000
  

Sumitomo Mitsui Banking Corp./New York

  
  10,000   

0.220%, 5/06/10

     10,000,000
  

Mitsubishi UFJ Trust & Banking Corp.

  
  10,000   

0.260%, 5/05/10

     10,000,000
  

UBS AG

  
  45,000   

0.210%, 5/14/10

     45,000,000
  

UniCredito Italiano/New York

  
  6,000   

0.245%, 5/07/10

     6,000,000
         
        179,000,000
         

 

Commercial Paper(d) 37.6%

  
  

BlackRock, Inc., 144A

  
  9,000   

0.220%, 5/14/10

     8,999,285
  

BPCE SA, 144A

  
  23,000   

0.245%, 5/13/10

     22,998,122
  22,000   

0.250%, 5/10/10

     21,998,625
  

E.ON AG, 144A

  
  20,000   

0.240%, 6/21/10

     19,993,200
  

GDF SUEZ, 144A

  
  5,200   

0.240%, 5/21/10

     5,199,307
  

Intesa Funding LLC

  
  19,000   

0.200%, 5/06/10

     18,999,472
  20,000   

0.230%, 5/07/10

     19,999,233
  

Nordea North America

  
  15,000   

0.190%, 5/03/10

     14,999,841
  

Old Line Funding LLC

  
  28,292   

0.220%, 5/11/10

     28,290,271
  

Philip Morris International, Inc., 144A

  
  15,000   

0.220%, 5/12/10

     14,998,992
  

Prudential PLC, 144A

  
  5,000   

0.250%, 5/05/10

     4,999,889


  

Rabobank USA Financial Corp.

  
40,000   

0.200%, 6/02/10

   39,992,889
  

Societe Generale North America, Inc.

  
40,000   

0.240%, 5/03/10

   39,999,467
  

Standard Chartered Bank, 144A

  
15,000   

0.270%, 5/17/10

   14,998,200
  

Straight-A Funding LLC, 144A

  
31,000   

0.190%, 5/17/10

   30,997,382
  

Total Capital Canada Ltd., 144A

  
4,000   

0.280%, 7/14/10

   3,997,698
10,000   

0.280%, 7/16/10

   9,994,089
  

UniCredit Delaware, Inc., 144A

  
10,000   

0.250%, 5/04/10

   9,999,791
       
      331,455,753
       

Other Corporate Obligations 8.4%

  
  

Bank of America Corp., Sr. Unsec’d. Notes

  
10,000   

0.280%, 5/10/10(a)

   10,000,000
  

Bank of America N.A., Sr. Notes

  
15,000   

0.364%, 5/27/10(a)

   15,000,000
  

Bank of America N.A., MTN

  
20,000   

0.378%, 7/29/10(a)

   20,000,000
  

Citigroup Funding, Inc., MTN

  
25,000   

0.438%, 7/30/10(a)(e)

   25,000,000
  

Metropolitan Life Global Funding, Inc., Sr. Sec’d. Notes, 144A, MTN

(original cost $4,010,980; purchased 1/06/10)

  
4,000   

1.034%, 6/25/10(a)(b)

   4,003,660
       
      74,003,660
       

U.S. Government Agency Obligations 20.3%

  
  

Federal Home Loan Bank

  
50,000   

0.140%, 5/14/10(c)

   49,997,291
10,000   

0.161%, 5/20/10(a)

   9,996,278
25,000   

0.170%, 5/05/10(c)

   24,999,528
5,000   

0.375%, 1/06/11

   4,998,982
5,000   

0.400%, 1/04/11

   4,999,476
  

Federal Home Loan Mortgage Corp.

  
40,000   

0.232%, 5/24/10(a)

   39,997,521
17,497   

0.400%, 1/10/11(c)

   17,447,249
  

Federal National Mortgage Association

  
6,500   

0.180%, 6/09/10(c)

   6,498,733
20,000   

0.199%, 5/05/10(a)

   19,998,175
       
      178,933,233
       


Repurchase Agreements 13.5%

  
  

Banc of America Securities, Inc.

  
35,000   

0.220%, dated 4/30/10, due 5/3/10 in the amount of $35,000,642 (cost $35,000,000; the value of the collateral including accrued interest was $35,700,001)(f)

     35,000,000   
  

Morgan Stanley & Co.

  
83,308   

0.210%, dated 4/30/10, due 5/03/10 in the amount of $83,309,458; (cost $83,308,000; the value of the collateral including accrued interest was $84,974,862)(f)

     83,308,000   
           
        118,308,000   
           
  

Total Investments 100.1%
(amortized cost $881,700,646)(g)

     881,700,646   
  

Liabilities in excess of other assets (0.1%)

     (882,191
           
  

Net Assets 100.0%

   $ 880,818,455   
           

The following abbreviations are used in the portfolio descriptions:

144A—Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. Unless otherwise noted, 144A securities are deemed to be liquid.

MTN—Medium Term Note

 

(a) Floating Rate Security. The interest rate shown reflects the rate in effect at April 30, 2010.
(b) Indicates a restricted security, the aggregate original cost of such security is $4,010,980. The aggregate value of $4,003,660 is approximately 0.5% of net assets.
(c) Represents a zero coupon bond. Rate shown reflects the effective yield at reporting date.
(d) Rate quoted represents yield-to-maturity as of purchase date.
(e) FDIC—Guaranteed issued under temporary liquidity guarantee program.
(f) Repurchase agreements are collateralized by United States Treasury or Federal Agency obligations.
(g) The cost of securities for federal income tax purposes is substantially the same as for financial reporting purposes.


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 April 30, 2010 in valuing the Fund’s assets carried at fair value:

 

      Level 1    Level 2    Level 3

Investments in Securities

        

Certificates of Deposit

   $ —      $ 179,000,000    $ —  

Commerical Paper

     —        331,455,753      —  

Other Corporate Obligations

     —        74,003,660      —  

U.S. Government Agency Obligations

     —        178,933,233      —  

Repurchase Agreements

     —        118,308,000      —  
                    

Total

   $ —      $ 881,700,646    $ —  
                    

As of April 30, 2010 and July 31, 2009, the Fund did not use any significant unobservable inputs (Level 3) in determining the value of investments.


Notes to Schedule of Investments (Unaudited)

Securities 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 any discount or premium. If the amortized cost method is determined not to represent fair value, the fair value is determined by or under the direction of the Board of Directors. 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.

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 MoneyMart Assets, Inc. (f/k/a MoneyMart Assets, Inc.)

 

By (Signature and Title)*   

/S/    DEBORAH A. DOCS        

  
   Deborah A. Docs   
   Secretary of the Fund   

Date June 24, 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 June 24, 2010

 

By (Signature and Title)*   

/S/    GRACE C. TORRES        

  
   Grace C. Torres   
   Treasurer and Principal Financial Officer   

Date June 24, 2010

 

 

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