N-Q 1 dnq.htm PRUDENTIAL WORLD FUND, INC. Prudential World Fund, 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: 811-03981

Prudential World Fund, Inc.

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

Prudential World Fund, Inc. - Dryden International Equity Fund

Schedule of Investments

as of January 31, 2010 (Unaudited)

 

Shares

   

Description

    Value

LONG-TERM INVESTMENTS 98.1%

   

COMMON STOCKS 97.6%

   
Australia 7.9%          
18,995    AGL Energy Ltd.    $ 232,735
56,373    AMP Ltd.      312,189
111,472    Australia & New Zealand Banking Group Ltd.      2,142,877
232,555    BHP Billiton Ltd.      8,105,756
157,002    Brambles Ltd.      909,742
160,954    Coca- Cola Amatil Ltd.      1,556,301
103,021    Commonwealth Bank of Australia      4,851,253
161,489    Computershare Ltd.      1,658,620
265,464    Dexus Property Group      194,920
89,807    Fairfax Media Ltd.      137,445
413,609    Goodman Fielder Ltd.      570,803
635,837    GPT Group      320,621
306,741    GPT Group(a)      —  
54,192    Harvey Norman Holdings Ltd.      176,423
334,289    Incitec Pivot Ltd.      996,606
167,492    Insurance Australia Group Ltd.      561,571
1,576,072    Introll Group      1,694,041
11,257    JB Hi-Fi Ltd.      200,863
315,214    Macquarie Atlas Roads Group(a)      256,546
26,556    MAP Group      65,310
221,047    Mirvac Group      284,524
165,938    National Australia Bank Ltd.      3,871,040
117,854    OneSteel Ltd.      324,247
26,123    Orica Ltd.      558,100
334,588    Pacific Brands Ltd.      325,593
459,948    Qantas Airways Ltd.      1,155,577
78,312    SP AusNet      62,004
400,219    Stockland      1,320,621
219,581    Suncorp-Metway Ltd.      1,728,847
239,691    TABCORP Holdings Ltd.      1,490,661
324,287    Tatts Group Ltd.      659,825
45,074    Wesfarmers Ltd.      1,096,954
27,441    Wesfarmers Ltd.-PPS      670,252
172,135    Westpac Banking Corp.      3,633,384
83,752    Woolworths Ltd.      1,916,000
         
        44,042,251
         
Austria 0.6%      
31,271    Erste Group Bank AG      1,180,488
47,237    OMV AG      1,860,499
         
        3,040,987
         
Belgium 1.3%      
29,347    Anheuser-Busch InBev NV      1,464,476
4,484    Cie Nationale a Portefeuille      224,099

11,651      Delhaize Group    913,313
181,175      Dexia SA(a)    1,120,143
15,470      Groupe Bruxelles Lambert SA    1,413,183
49,303      KBC Groep NV(a)    2,122,546
         
        7,257,760
         
Denmark 0.5%        
10      AP Moller - Maersk A/S    78,040
3,031      Coloplast A/S    328,729
7,191      Danske Bank A/S(a)    170,811
17,884      Novo Nordisk A/S (Class B Stock)    1,210,038
2,803      Topdanmark A/S(a)    340,473
4,366      William Demant Holding Group (The)(a)    340,747
         
        2,468,838
         
Finland 1.4%        
22,156      Fortum Oyj    562,245
89,390      Kone Oyj (Class B Stock)    3,600,293
14,782      Metso Oyj    496,105
60,759      Nokia Oyj    833,741
23,613      Sampo Oyj (Class A Stock)    570,400
39,889      Wartsila Oyj    1,877,463
         
        7,940,247
         
France 9.6%        
21,433      Air France-KLM(a)    349,251
40,687      Alstom SA    2,716,673
61,544      AXA SA    1,267,243
47,383      BNP Paribas    3,384,900
15,429      Bouygues SA    759,584
3,245      Bureau Veritas SA    156,342
14,022      Casino Guichard Perrachon SA    1,150,520
1,802      CNP Assurances    159,517
52,969      Compagnie de St-Gobain    2,530,357
163,857      Credit Agricole SA    2,568,599
41,209      European Aeronautic Defence and Space Co. NV    805,408
3,852      Fonciere Des Regions    382,804
109,688      France Telecom SA    2,514,836
15,859      GDF Suez SA    599,649
5,185      Gecina SA    513,946
34,594      Lafarge SA    2,559,054
170,695      Natixis(a)    787,046
6,334      Neopost SA    504,036
19,271      PPR    2,350,033
38,681      Renault SA(a)    1,815,845
41,350      Safran SA    807,565
103,404      Sanofi-Aventis SA    7,646,156
23,992      Schneider Electric SA    2,475,128
13,775      SCOR SE    319,142
11,329      SES SA    248,495
2,274      Societe BIC SA    161,720
4,064      Societe Des Autoroutes Paris-Rhin-Rhone(a)    297,637
13,501      Societe Television Francaise 1    232,810
134,064      Total SA    7,748,012

7,050      Unibail-Rodamco    1,527,610
15,280      Vinci SA    816,059
118,310      Vivendi    3,075,895
         
        53,231,872
         
Germany 6.4%        
38,034      Allianz SE    4,210,298
42,107      BASF SE    2,383,543
43,035      Bayer AG    2,945,314
3,879      Daimler AG    178,453
74,337      Deutsche Bank AG    4,535,162
36,325      Deutsche Post AG    632,657
144,901      E.ON AG    5,328,542
62,349      Hannover Rueckversicherung AG(a)    2,876,144
9,348      HeidelbergCement AG    562,982
6,131      Henkel AG & Co. KGaA    267,935
133,844      Infineon Technologies AG(a)    739,700
19,393      Linde AG    2,129,131
46,109      RWE AG    4,093,340
5,954      SAP AG    271,341
14,185      Siemens AG    1,262,314
48,079      Suedzucker AG    1,116,187
106,306      United Internet AG(a)    1,564,137
2,481      Volkswagen AG    217,925
3,203      Wacker Chemie AG    420,143
         
        35,735,248
         
Greece 0.5%        
41,435      OPAP SA    903,963
106,360      Public Power Corp SA(a)    1,986,986
         
        2,890,949
         

Hong Kong 2.5%

   
48,600      ASM Pacific Technology Ltd.    403,751
412,500      BOC Hong Kong Holdings Ltd.    866,022
67,000      Cheung Kong Holdings Ltd.    794,357
62,100      Esprit Holdings Ltd.    440,718
19,000      Hang Lung Group Ltd.    85,652
685,000      Hang Lung Properties Ltd.    2,338,051
9,600      Hang Seng Bank Ltd.    134,900
31,800      Hong Kong Exchanges and Clearing Ltd.    541,881
82,500      HongKong Electric Holdings Ltd.    461,701
123,000      Hysan Development Co. Ltd.    305,442
24,800      Jardine Matheson Holdings Ltd.    744,000
328,000      Li & Fung Ltd.    1,503,977
174,000      New World Development Co. Ltd.    286,864
135,000      Sun Hung Kai Properties Ltd.    1,744,022
115,500      Swire Pacific Ltd. (Class A Stock)    1,262,267
22,000      VTech Holdings Ltd.    218,046
163,000      Wharf Holdings Ltd.    810,386
229,000      Wheelock & Co. Ltd.    598,755
60,000      Yue Yuen Industrial Holdings Ltd.    187,018
         
        13,727,810
         

Italy 3.0%        
19,207      Atlantia SpA    479,789
862,955      Enel SpA    4,639,108
143,478      ENI SpA    3,334,623
369,064      Intesa Sanpaolo SpA    1,082,465
802,777      Intesa Sanpaolo SpA – RNC(a)    3,055,884
159,652      Pirelli & C SpA(a)    92,670
40,885      Prysmian SpA    742,027
136,541      Snam Rete Gas SpA    642,494
671,391      Telecom Italia SpA    1,003,847
1,533,323      Telecom Italia SpA - RNC    1,781,082
         
        16,853,989
         
Japan 21.0%            
25,000      77 Bank Ltd. (The)    133,773
6,100      ABC-Mart, Inc.    188,545
14,700      Aisin Seiki Co. Ltd.    390,198
4,500      Alfresa Holdings Corp.    185,703
334,000      Asahi Glass Co. Ltd.    3,352,396
58,000      Asahi Kasei Corp.    289,149
24,300      Brother Industries Ltd.    265,169
16,600      Canon, Inc.    650,097
254      Central Japan Railway Co.    1,868,454
45,300      Chubu Electric Power Co., Inc.    1,150,755
56,000      Dai Nippon Printing Co. Ltd.    768,670
30,000      Daicel Chemical Industries Ltd.    180,801
22,000      Daihatsu Motor Co. Ltd.    211,311
16,600      Dainippon Sumitomo Pharma Co. Ltd.    176,915
234,000      Denki Kagaku Kogyo K K    953,991
54,000      Denso Corp.    1,594,306
76,000      Dowa Holdings Co. Ltd.    424,351
3,400      East Japan Railway Co.    228,638
10,200      Electric Power Development Co. Ltd.    296,853
139,400      Elpida Memory, Inc.(a)    2,472,491
17,300      Fast Retailing Co. Ltd.    2,878,702
19,000      Fuji Heavy Industries Ltd.    89,459
45,800      FUJIFILM Holdings Corp.    1,467,893
308,000      Fujitsu Ltd.    1,897,169
510,000      Fukuoka Financial Group, Inc.    1,870,160
34,000      Hino Motors Ltd.    128,067
44,500      Hitachi Construction Machinery Co. Ltd.    939,644
431,000      Hokuhoku Financial Group, Inc.    897,668
186,000      Honda Motor Co. Ltd.    6,336,342
40,700      Hoya Corp.    1,091,165
60      Inpex Corp.    438,708
309,000      ITOCHU Corp.    2,423,664
37,800      JFE Holdings, Inc.    1,323,304
52,100      JSR Corp.    1,029,129
126,000      Kamigumi Co. Ltd.    949,205
75,000      Kaneka Corp.    485,238
71,000      Kansai Electric Power Co., Inc. (The)    1,619,554
401      KDDI Corp.    2,116,839
20,000      Kinden Corp.    181,023
9,000      Kirin Holdings Co. Ltd.    137,495
25,900      Komatsu Ltd.    522,218

               117,500    Kuraray Co. Ltd.    1,372,016
6,000    Kyocera Corp.    545,062
9,000    Kyorin Co. Ltd.    130,615
9,600    Mabuchi Motor Co. Ltd.    526,450
264,222    Marubeni Corp.    1,542,624
5,800    Maruichi Steel Tube Ltd.    105,250
61,000    Mazda Motor Corp.    165,568
87,000    Minebea Co. Ltd.    462,638
111,500    Mitsubishi Chemical Holdings Corp.    465,690
109,700    Mitsubishi Corp.    2,657,884
112,700    Mitsubishi UFJ Financial Group, Inc.    584,320
314,000    Mitsui Engineering & Shipbuilding Co. Ltd.    761,824
319,400    Mizuho Financial Group, Inc.    619,232
20,300    Murata Manufacturing Co. Ltd.    1,116,596
230,000    NEC Corp.    596,244
45,000    NHK Spring Co. Ltd.    392,843
31,000    Nidec Corp.    3,053,121
63,800    Nikon Corp.    1,315,369
900    Nintendo Co. Ltd.    251,759
250,000    Nippon Electric Glass Co. Ltd.    3,534,039
229,000    Nippon Express Co. Ltd.    964,050
28,000    Nippon Meat Packers, Inc.    353,625
420,000    Nippon Oil Corp.    1,968,205
15,700    Nippon Paper Group, Inc.    409,611
106,000    Nippon Soda Co. Ltd.    392,223
394,000    Nippon Steel Corp.    1,436,060
93,900    Nippon Telegraph & Telephone Corp.    3,963,430
23,000    Nissan Chemical Industries Ltd.    303,728
519,000    Nissan Motor Co. Ltd.(a)    4,231,805
2,900    Nissin Foods Holdings Co. Ltd.    95,901
11,350    Nitori Co. Ltd.    860,068
7,000    Nitto Denko Corp.    269,484
42,000    NSK Ltd.    305,700
3,390    Obic Co. Ltd.    633,947
1,200    Okinawa Electric Power Co., Inc.    65,407
2,500    Ono Pharmaceutical Co. Ltd.    111,200
445,000    Osaka Gas Co. Ltd.    1,567,717
107,900    Panasonic Corp.    1,699,815
43,000    Resona Holdings, Inc.    537,828
2,500    Santen Pharmaceutical Co. Ltd.    78,685
119,600    Sapporo Hokuyo Holdings, Inc.    484,945
29,100    Sega Sammy Holdings, Inc.    328,187
58,000    Sekisui Chemical Co. Ltd.    392,600
145,000    Sharp Corp.    1,741,317
1,600    Shimamura Co. Ltd.    140,564
357,000    Shinsei Bank Ltd.(a)    446,917
38,200    Shiseido Co. Ltd.    786,303
68,500    Sony Corp.    2,284,219
244,600    Sumitomo Corp.    2,761,285
177,300    Sumitomo Electric Industries Ltd.    2,335,453
171,000    Sumitomo Metal Mining Co. Ltd.    2,390,761
86,900    Sumitomo Mitsui Financial Group, Inc.    2,825,586
21,000    Suruga Bank Ltd.    185,886
7,200    Suzuken Co. Ltd.    240,891
71,600    Takeda Pharmaceutical Co. Ltd.    3,149,083
22,400    Terumo Corp.    1,255,681
9,300    Tokyo Electron Ltd.    568,725

5,900      Tokyo Steel Manufacturing Co. Ltd.    58,827
22,000      Toppan Printing Co. Ltd.    192,544
14,000      Toyo Suisan Kaisha Ltd.    369,756
23,600      Toyota Industries Corp.    695,986
149,134      Toyota Motor Corp.    5,766,106
18,100      Yakult Honsha Co. Ltd.    525,565
56,000      Yamaguchi Financial Group, Inc.    556,495
32,200      Yamato Kogyo Co. Ltd.    1,018,813
15,000      Yaskawa Electric Corp.    124,467
         
        116,679,807
         

Luxembourg 0.2%

   
37,920      Tenaris SA    843,880
         

Netherlands 3.5%

   
82,579      Aegon NV(a)    493,455
30,600      Akzo Nobel NV    1,821,520
57,879      ArcelorMittal    2,240,662
27,790      ASML Holding NV    872,779
22,276      Heineken NV    1,099,058
339,539      ING Groep NV(a)    3,179,661
96,834      Koninklijke Ahold NV    1,216,800
6,376      Koninklijke DSM NV    297,172
7,695      Koninklijke Vopak NV(a)    576,375
109,386      Philips Electronics NV    3,303,258
12,330      Reed Elsevier NV    148,898
146,822      Royal KPN NV    2,431,156
18,051      TNT NV    518,214
35,639      Unilever NV    1,091,269
         
        19,290,277
         
Norway 0.6%           
150,009      DnB NOR ASA(a)    1,693,978
69,600      Norsk Hydro ASA(a)    504,767
28,200      Yara International ASA    1,177,347
         
        3,376,092
         
Portugal 0.8%        
267,072      Banco Comercial Portugues SA    288,563
222,067      Banco Espirito Santo SA    1,292,357
9,371      Cimpor Cimentos de Portugal SGPS SA    78,972
421,825      EDP-Energias de Portugal SA    1,672,028
65,751      Jeronimo Martins SGPS SA    630,879
58,427      Portugal Telecom SGPS SA    602,953
         
        4,565,752
         

Singapore 2.1%

   
106,000      ComfortDelgro Corp. Ltd.    119,851
158,000      DBS Group Holdings Ltd.    1,604,437
185,000      Fraser and Neave Ltd.    547,271
362,120      Golden Agri-Resources Ltd.(a)    133,904
5,000      Jardine Cycle & Carriage Ltd.    89,956
126,000      Kepple Corp. Ltd.    749,952

352,000    Noble Group Ltd.    720,896
105,000    Oversea-Chinese Banking Corp. Ltd.    611,520
163,000    SembCorp Industries Ltd.    409,166
160,000    SembCorp Marine Ltd.    377,742
113,000    United Overseas Bank Ltd.    1,459,257
132,000    UOL Group Ltd.    351,061
958,000    Wilmar International Ltd.    4,489,401
93,000    Yangzijiang Shipbuilding Holdings Ltd.    70,101
       
      11,734,515
       
Spain 4.7%      
338,739    Banco Bilbao Vizcaya Argentaria SA    5,163,594
33,069    Banco Popular Espanol SA    250,598
604,321    Banco Santander SA    8,630,284
9,749    Corp. Financiera Alba    488,273
74,382    Gas Natural SDG SA    1,477,378
63,722    Iberdrola SA    542,522
125,857    Mapfre SA    496,264
118,427    Repsol YPF SA    2,797,751
265,756    Telefonica SA    6,366,333
       
      26,212,997
       
Sweden 1.8%          
8,657    Alfa Laval AB    117,531
56,983    Atlas Copco AB (Class A Stock)    772,535
33,779    Electrolux AB(a)    795,797
5,115    Holmen AB    122,450
90,553    SSAB AB (Class A Stock)    1,463,621
4,809    SSAB AB (Class B Stock)    71,184
249,984    Svenska Cellulosa AB (Class B Stock)    3,367,919
11,763    Svenska Handelbanken AB (Class A Stock)    306,503
64,181    Swedish Match AB    1,343,939
272,936    TeliaSonera AB    1,835,936
       
      10,197,415
       

Switzerland 7.5%

   
12,624    Actelion Ltd.(a)    667,898
4,971    Adecco SA    267,842
115,736    Credit Suisse Group AG    5,006,409
4,169    EFG International AG    59,768
4,461    Holcim Ltd.(a)    305,470
672    Kuehne + Nagel International AG    64,771
411    Lindt & Spruengli AG    886,220
136,512    Nestle SA    6,470,905
157,922    Novartis AG    8,451,182
3,436    Pargesa Holding SA    288,049
3,342    Phonak Holding AG    413,638
37,354    Roche Holding AG    6,266,917
44,665    Swatch Group AG (The)    2,246,226
3,140    Swiss Life Holding AG    394,975
5,682    Swisscom AG    2,071,035
10,727    Synthes, Inc.    1,365,555
232,084    UBS AG(a)    3,026,838
16,855    Zurich Financial Services AG    3,583,578
       

      41,837,276
       

United Kingdom 21.7%

   
257,733    3i Group PLC    1,081,017
17,102    Anglo American PLC(a)    627,487
140,701    AstraZeneca PLC    6,530,802
369,354    Aviva PLC    2,262,001
49,702    BAE Systems PLC    278,747
113,569    Balfour Beatty PLC    482,468
1,017,061    Barclays PLC    4,346,905
12,230    BG Group PLC    224,833
87,740    BHP Billiton PLC    2,573,862
            1,126,286    BP PLC    10,508,239
146,759    British American Tobacco PLC    4,851,069
875,806    BT Group PLC    1,911,322
195,405    Diageo PLC    3,284,377
31,200    Drax Group PLC    204,127
220,107    Experian PLC    2,092,809
46,384    FirstGroup PLC    271,904
66,388    Fresnillo PLC    706,026
338,644    GlaxoSmithKline PLC    6,590,674
452,393    Home Retail Group PLC    1,836,877
921,953    HSBC Holdings PLC    9,869,973
154,149    Imperial Tobacco Group PLC    4,970,940
66,569    Kazakhmys PLC(a)    1,277,825
515,860    Kingfisher PLC    1,737,646
2,431,869    Legal & General Group PLC    2,921,217
507,269    Lloyds Banking Group PLC(a)    407,812
376,415    National Grid PLC    3,780,594
59,567    Next PLC    1,857,465
1,099,379    Old Mutual PLC(a)    1,812,500
165,274    Prudential PLC    1,513,690
95,387    Reckitt Benckiser Group PLC    4,944,811
99,495    Resolution Ltd.(a)    126,864
79,525    Rio Tinto PLC    3,878,025
200,944    Royal Dutch Shell PLC (Class A Stock)    5,553,996
228,138    Royal Dutch Shell PLC (Class B Stock)    6,068,748
16,042    Scottish & Southern Energy PLC    298,982
12,711    Severn Trent PLC    227,704
50,883    Standard Chartered PLC    1,172,018
168,144    Tesco PLC    1,137,963
73,073    Sage Group PLC (The)    274,862
54,469    Unilever PLC    1,656,340
4,288,721    Vodafone Group PLC    9,162,413
330,708    Xstrata PLC(a)    5,366,156
       
      120,684,090
       
  

Total common stocks
(cost $527,270,509)

    542,612,052
       

PREFERRED STOCKS 0.5%

   
Germany 0.5%      
6,912    Henkel AG & Co. KGaA    355,009
7,378    Porsche Automobile Holding SE    420,862

7,650    RWE AG      619,274
14,961    Volkswagen AG      1,214,859
         
  

Total preferred stocks
(cost $3,364,730)

      2,610,004
         
  

Total long-term investments
(cost $530,635,238)

      545,222,056
         

Principal

Amount
(000)

          

SHORT-TERM INVESTMENTS 0.5%

   

United States Government Security 0.3%

   
$1,500   

U.S. Treasury Bills, 0.157% 6/17/2010(b)(c)
(cost $1,499,122)

      1,499,405
         

Shares

          

Affiliated Money Market Mutual Fund 0.2%

   
1,005,963   

Dryden Core Investment Fund - Taxable Money Market Series(d)
(cost $1,005,963)

      1,005,963
         
  

Total short-term investments
(cost $2,505,085)

      2,505,368
         
  

Total Investments(e) 98.6%
(cost $533,140,323)(f)

      547,727,424
  

Other assets in excess of liabilities(g) 1.4%

      7,894,135
         
  

Net Assets 100.0%

    $ 555,621,559
         

 

The following abbreviation was used in the portfolio description:

PPS – Partially Protected Shares

 

(a) Non-income producing security.
(b) Rate quoted represents yield-to-maturity as of purchase date.
(c) All or portion of security segregated as collateral for financial futures contracts.
(d) Prudential Investments LLC, the manager of the Fund also serves as the manager of the Dryden Core Investment Fund—Taxable Money Market Series.
(e) As of January 31, 2010, 189 securities representing $350,407,389 and 63.1% of net assets were fair valued in accordance with the policies adopted by the Board of Directors.
(f) The United States federal income tax basis of the Fund’s investments and net unrealized depreciation as of January 31, 2010 were as follows:

 

Tax Basis of Investments

    Appreciation    Depreciation     Net Unrealized
Depreciation		  

$554,757,397

    $ 38,847,481    $ (45,877,454 )    $ (7,029,973 ) 

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

(g) Other assets in excess of liabilities included net unrealized depreciation on 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
Appreciation
(Depreciation)(1)		  
   Long Positions:            
2    Hang Seng Index    Feb. 10    260,215    262,840    $ (2,625 ) 
66    Nikkei 225    Mar. 10    3,377,550    3,354,066      23,484   
117    DJ Euro Stoxx 50 Index    Mar. 10    4,498,378    4,644,285      (145,907 ) 
10    SPI 200 Futures Index    Mar. 10    1,005,405    1,029,761      (24,356 ) 
27    FTSE 100 Index    Mar. 10    2,222,054    2,261,670      (39,616 ) 
                    
               $ (189,020 ) 
                    

 

(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

         

Australia

    $ 44,042,251    $ —      $ —  

Austria

      —        3,040,987      —  

Belgium

      —        7,257,760      —  

Denmark

      —        2,468,838      —  

Finland

      —        7,940,247      —  

France

      —        53,231,872      —  

Germany

      —        35,735,248      —  

Greece

      —        2,890,949      —  

Hong Kong

      13,727,810      —        —  

Italy

      —        16,853,989      —  

Japan

      116,679,807      —        —  

Luxemborg

      —        843,880      —  

Nertherlands

      —        19,290,277      —  

Norway

      —        3,376,092      —  

Portugal

      —        4,565,752      —  

Singapore

      11,734,515      —        —  

Spain

      8,630,284      17,582,713      —  

Sweden

      —        10,197,415      —  

Switzerland

      —        41,837,276      —  

United Kingdom

      —        120,684,090      —  

Preferred Stocks

        

Germany

        2,610,004      —  

Affiliated Money Market Mutual Fund

      1,005,963        —        —  

United States Government Security

        1,499,405      —  
                     
     195,820,630        351,906,794      —  

Other Financial Instruments*

      (189,020 )      —        —  
                     

Total

    $ 195,631,610      $ 351,906,794    $ —  
                     

 

* 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 had one Level 3 security with a fair value of $0.

The industry classification of portfolio holdings and other assets in excess of liabilities shown as a percentage of net assets as of January 31, 2010 were as follows:

 

Commercial Banks

    13.9 % 

Pharmaceuticals

    7.8   

Oil, Gas & Consumable Fuels

    7.3   

Metals & Mining

    6.1   

Insurance

    4.7   

Diversified Telecommunication Services

    4.4   

Automobiles

    3.7   

Electric Utilities

    3.3   

Food Products

    3.2   

Chemicals

    2.8   

Capital Markets

    2.5   

Electronic Equipment & Instruments

    2.1   

Tobacco

    2.0   

Wireless Telecommunication Services

    2.0   

Machinery

    1.9   

Trading Companies & Distributors

    1.8   

Multi-Utilities

    1.7   

Food & Staples Retailing

    1.6   

Electrical Equipment

    1.5   

Real Estate Management & Development

    1.5   

Beverages

    1.4   

Industrial Conglomerates

    1.3   

Household Durables

    1.2   

Specialty Retail

    1.2   

Building Products

    1.1   

Diversified Financial Services

    1.1   

Household Products

    1.0   

Semiconductors & Semiconductor Equipment

    0.9   

Multiline Retail

    0.8   

Real Estate Investment Trusts (REITs)

    0.8   

Transportation Infrastructure

    0.8   

Gas Utilities

    0.7   

Healthcare Equipment & Supplies

    0.7   

Media

    0.7   

Paper & Forest Products

    0.7   

Auto Components

    0.6   

Construction Materials

    0.6   

Road & Rail

    0.6   

Hotels, Restaurants & Leisure

    0.5   

Commercial Services & Supplies

    0.4   

Computers & Peripherals

    0.4   

Construction & Engineering

    0.4   

IT Services

    0.4   

Professional Services

    0.4   

Textiles, Apparel & Luxury Goods

    0.4   

Aerospace & Defense

    0.3   

Airlines

    0.3   

Distributors

    0.3   

Internet & Catalog Retail

    0.3   

Internet Software & Services

    0.3   

Leisure Equipment & Products

    0.3   

Office Electronics

    0.3   

U. S. Government Security

    0.3   

Affiliated Money Market Mutual Fund

    0.2   

Air Freight & Logistics

    0.2   

Communications Equipment

    0.2   

Energy Equipment & Services

    0.2   

Biotechnology

    0.1   

Healthcare Providers & Services

    0.1   

Independent Power Producers & Energy Traders

    0.1   

Personal Products

    0.1   

Software

    0.1   
      
   98.6   

Other assets in excess of liabilities

    1.4   
      
   100.0 % 
      

Prudential World Fund, Inc. - Dryden International Value Fund

Schedule of Investments

as of January 31, 2010 (Unaudited)

 

Shares

   

Description

    Value

LONG-TERM INVESTMENTS 98.6%

   

COMMON STOCKS

   
Australia 4.3%      
49,152    BHP Billiton Ltd.    $ 1,713,204
129,488    BlueScope Steel Ltd.      300,125
174,200    Challenger Financial Services Group Ltd.      630,294
120,800    Downer EDI Ltd.      888,054
534,100    Emeco Holdings Ltd.      328,382
255,400    Goodman Fielder Ltd.      352,466
11,350    Macquarie Group Ltd.      503,646
210,200    Metcash Ltd.      790,302
150,400    OneSteel Ltd.      413,790
186,200    Pacific Brands Ltd.*      181,194
140,700    Qantas Airways Ltd.      353,496
97,800    Tabcorp Holdings Ltd.      608,227
352,800    Telstra Corp. Ltd.      1,042,430
         
        8,105,610
         
Austria 0.3%      
14,700    Voestalpine AG      514,674
         
Belgium 1.3%      
69,000    AGFA-Gevaert NV*      498,683
13,700    Delhaize Group SA      1,073,932
9,428    Dexia NV/SA*      58,290
8,300    Solvay SA      822,602
         
        2,453,507
         
Brazil 2.1%      
180,360    BM&F BOVESPA SA      1,218,028
29,917    Embraer-Empresa Brasileira de Aeronautica SA, ADR      635,138
48,300    Natura Cosmeticos SA      869,656
29,820    Petroleo Brasileiro SA, ADR      1,209,798
         
        3,932,620
         
Canada 2.1%             
29,170    Canadian National Railway Co.      1,454,613
21,150    Canadian Natural Resources Ltd.      1,350,000
11,020    Potash Corp. of Saskatchewan, Inc.      1,094,837
1,300    Thomson Reuters Corp.      43,416
         
        3,942,866
         

Cayman Islands 0.2%

   
925    Baidu, Inc., ADR*      380,832
         
China 2.4%      
664,737    China Merchants Bank Co. Ltd. (Class H Stock)      1,546,268
2,714,000    Industrial & Commercial Bank of China Ltd. (Class H Stock)      1,992,517
230,000    Sinopharm Group Co. (Class H Stock)*      867,986
         
        4,406,771
         

Denmark 2.0%         
16,200    Danske Bank A/S*    384,805
28,700    H. Lundbeck A/S    535,782
27,365    Novo Nordisk A/S (Class B Stock)    1,851,527
20,216    Vestas Wind Systems A/S*    1,063,331
       
      3,835,445
       
Finland 0.9%           
56,700    Nokia Oyj    778,043
13,300    Rautaruukki Oyj    272,264
29,000    Tieto Oyj    645,487
       
      1,695,794
       
France 10.0%      
12,525    Air Liquide SA    1,328,447
93,800    AXA SA    1,931,421
30,800    BNP Paribas    2,200,260
9,400    Casino Guichard Perrachon SA    771,280
5,600    Ciments Francais SA    548,351
23,100    Credit Agricole SA    362,112
20,900    France Telecom SA    479,178
19,505    Lafarge SA    1,442,862
9,000    Lagardere SCA    348,731
18,907    LVMH Moet Hennessy Louis Vuitton SA    2,060,014
10,200    Rallye SA    359,030
46,300    Safran SA    904,238
24,900    Sanofi-Aventis SA    1,841,218
18,300    SCOR SE    423,979
9,300    SEB SA    603,865
4,300    Societe Generale    248,786
12,500    Thales SA    566,499
16,100    Total SA    930,474
53,300    Vivendi    1,385,726
       
      18,736,471
       
Germany 8.4%         
9,300    Allianz SE    1,029,750
6,900    Aurubis AG    278,144
15,300    BASF SE    870,413
34,800    Deutsche Bank AG    2,122,845
17,600    Deutsche Lufthansa AG    282,267
57,004    E.ON AG    2,097,034
26,900    Fresenius Medical Care AG & Co. KGaA    1,363,474
9,100    Hannover Rueckversicherung AG*    420,221
13,800    MTU Aero Engines Holding AG    713,930
5,600    Muenchener Rueckversicherungs-Gesellschaft AG    838,601
11,500    Rheinmetall AG    732,708
10,400    RWE AG    922,688
39,839    SAP AG    1,819,702
19,600    Suedzucker AG    454,080
33,100    ThyssenKrupp AG    1,046,458
26,800    Tognum AG    466,821

2,400    Vossloh AG    245,174
       
   15,704,310
       
Greece 0.6%      
53,809    National Bank of Greece SA*    1,176,217
       
Guernsey 0.6%        
40,644    Amdocs Ltd.*    1,162,012
       
Hong Kong 2.6%      
662,720    Chaoda Modern Agriculture Holdings Ltd.    652,140
1,144,797    CNOOC Ltd.    1,627,852
96,848    Hong Kong Exchanges and Clearing Ltd.    1,650,318
122,500    Kingboard Chemical Holdings Ltd.    525,409
59,047    Orient Overseas International Ltd.    405,361
       
   4,861,080
       
Ireland 0.8%           
43,400    Allied Irish Banks PLC*    76,392
62,300    Bank of Ireland*    113,024
22,300    Covidien PLC    1,127,488
32,900    Irish Life & Permanent Group Holdings PLC*    139,617
       
   1,456,521
       
Israel 1.4%            
45,014    Teva Pharmaceutical Industries Ltd., ADR    2,553,194
       
Italy 2.2%      
30,300    Banco Popolare Scarl*    191,665
131,400    Enel SpA    706,385
45,900    ENI SpA    1,066,778
32,100    Finmeccanica SpA    444,906
11,700    Fondiaria-SAI SpA    189,500
237,480    Intesa Sanpaolo SpA*    904,001
382,800    Telecom Italia SpA    572,353
       
   4,075,588
       
Japan 15.6%             
7,700    Aeon Credit Service Co. Ltd.    79,674
33,973    Alpine Electronics, Inc.*    391,424
15    Alps Electric Co. Ltd.*    86
24,000    Aoyama Trading Co. Ltd.    333,950
31,500    Astellas Pharma, Inc.    1,165,568
20,600    Circle K Sunkus Co. Ltd.    267,242
47,400    COMSYS Holdings Corp.    471,033
117,214    Cosmo Oil Co. Ltd.    255,815
14    Denki Kagaku Kogyo Kabushiki Kaisha    57
13,697    Fanuc Ltd.    1,314,087
80,000    Fukuoka Financial Group, Inc.    293,358
7,900    Fuyo General Lease Co. Ltd.    179,416
27,000    Hitachi Capital Corp.    361,635
526    Honda Motor Co. Ltd.    17,919
19,700    Itochu Techno-Solutions Corp.    597,122
160    KDDI Corp.    844,624
27,800    Keihin Corp.    432,407
104,235    Komatsu Ltd.    2,101,675

13,600    Konami Corp.    224,947
105,600    Kurabo Industries Ltd.    164,954
20,000    Kyorin Co. Ltd.    290,256
33,000    Kyowa Exeo Corp.    291,375
209,000    Marubeni Corp.    1,220,218
17,300    Miraca Holdings, Inc.    519,393
28,700    Mitsubishi Corp.    695,363
32,000    Mitsubishi Tanabe Pharma Corp.    454,484
303,900    Mitsubishi UFJ Financial Group, Inc.    1,575,641
40,900    Mitsui & Co. Ltd.    603,543
384,400    Mizuho Financial Group, Inc.    745,250
39,800    Namco Bandai Holdings, Inc.    398,154
113,000    Nichirei Corp.    423,132
18,000    Nifco, Inc.    393,442
88,000    Nippon Express Co. Ltd.    370,465
72,000    Nippon Light Metal Co. Ltd.*    70,193
114,200    Nippon Oil Corp.    535,164
63,000    Nippon Shokubai Co. Ltd.    560,450
20,000    Nippon Telegraph & Telephone Corp.    844,181
3,000    Nissan Shatai Co. Ltd.    25,558
600    NTT DoCoMo, Inc.    899,352
7    Osaka Gas Co. Ltd.    25
23,000    Ricoh Co. Ltd.    329,718
7,200    Sankyo Co. Ltd.    385,266
105,000    Sankyu, Inc.    501,357
146,000    Sanwa Holdings Corp.    401,130
10,500    Seiko Epson Corp.    173,788
43,000    Seino Holdings Co. Ltd.    288,207
19,200    Shimachu Co. Ltd.    392,019
54,000    Shizuoka Gas Co. Ltd.    358,943
75,400    Sumitomo Corp.    851,189
37,700    Sumitomo Mitsui Financial Group, Inc.    1,225,830
24,000    Sumitomo Trust & Banking Co. Ltd. (The)    133,740
31,500    Takeda Pharmaceutical Co. Ltd.    1,385,421
1    Takefuji Corp.    5
35,200    Toppan Forms Co. Ltd.    375,924
49,845    Toyota Motor Corp.    1,927,204
19,900    Yokohama Rubber Co. Ltd. (The)    75,618
       
   29,217,991
       
Mexico 1.4%             
25,213    America Movil SAB de CV (Class L Stock), ADR    1,100,548
334,378    Wal-Mart de Mexico SAB de CV (Class V Stock)    1,482,460
       
   2,583,008
       

Netherlands 3.3%

   
39,600    Aegon NV*    236,632
120,000    Brit Insurance Holdings NV    355,716
12,257    CSM NV    337,417
122,700    ING Groep NV, ADR*    1,149,041
24,100    Koninklijke Philips Electronics NV    727,776
17,500    Koninklijke DSM NV    815,638
53,400    Koninklijke KPN NV    884,225
7,400    Nutreco Holding NV    392,569
12,700    Oce NV*    152,368

18,819    Schlumberger Ltd.    1,194,254
       
   6,245,636
       

New Zealand 0.3%

   
590,300    Air New Zealand Ltd.    534,336
       
Norway 0.6%      
43,600    DnB NOR ASA*    492,353
29,900    Norsk Hydro ASA*    216,847
15,500    Statoil ASA    347,843
       
   1,057,043
       
Singapore 1.4%       
282,970    MobileOne Ltd.    416,532
41    Neptune Orient Lines Ltd.    50
422,000    Noble Group Ltd.    864,256
95,000    Oversea-Chinese Banking Corp. Ltd.    553,280
34,000    Singapore Airlines Ltd.    334,137
65,000    Venture Corp. Ltd.    391,502
       
   2,559,757
       

South Korea 0.5%

   
9,756    Hyundai Motor Co.    948,937
       
Spain 3.3%          
60,459    Banco Bilbao Vizcaya Argentaria SA    921,611
42,000    Banco Espanol de Credito SA    486,252
121,100    Banco Santander SA    1,729,424
42,800    Repsol YPF SA    1,011,119
85,100    Telefonica SA    2,038,618
       
   6,187,024
       
Sweden 1.9%        
66,700    Boliden AB    891,397
29,208    Hennes & Mauritz AB (Class B Stock)    1,718,824
34,900    Svenska Cellulosa AB SCA (Class B Stock)    470,192
21,100    Svenska Handelsbanken AB (Class A Stock)    549,792
       
   3,630,205
       

Switzerland 7.2%

   
9,400    Baloise Holding AG    779,355
54,600    Clariant AG*    599,257
23,300    Credit Suisse Group AG    1,007,891
1,200    Georg Fischer AG*    321,870
20,433    Julius Baer Group Ltd.    679,238
41,938    Logitech International SA*    708,396
38,600    Nestle SA    1,829,707
56,967    Novartis AG    3,048,583
1,400    Rieter Holding AG*    372,565
7,925    Roche Holding AG    1,329,585
13,400    Swiss Reinsurance Co. Ltd.    579,280
2,700    Swisscom AG    984,124
2,900    Verwaltungs-und Privat-Bank AG    308,373

4,600    Zurich Financial Services AG    978,016
       
   13,526,240
       
Taiwan 0.5%          
86,200    Taiwan Semiconductor Manufacturing Co. Ltd., ADR    875,792
       
Turkey 0.5%              
137,900    Turkcell Iletisim Hizmet A/S    1,012,186
       

United Kingdom 19.5%

   
295,200    ARM Holdings PLC    902,117
37,100    AstraZeneca PLC    1,722,040
128,300    Aviva PLC    785,736
180,281    Barclays PLC    770,519
158,557    Beazley PLC    264,437
419,123    BP PLC    3,910,414
166,655    Bradford & Bingley PLC*    —  
53,696    British American Tobacco PLC    1,774,903
147,352    British Sky Broadcasting Group PLC    1,247,834
414,700    BT Group PLC    905,024
89,040    Cairn Energy PLC*    458,931
47,873    Carnival PLC*    1,721,111
109,700    Centrica PLC    470,943
62,100    Dairy Crest Group PLC    334,368
91,800    Davis Service Group PLC    590,339
80,100    Drax Group PLC    524,058
219,700    DS Smith PLC    381,678
77,900    GlaxoSmithKline PLC    1,516,086
175,000    Home Retail Group PLC    710,563
59,200    IMI PLC    514,125
381,716    Kingfisher PLC    1,285,790
272,238    Legal & General Group PLC    327,019
103,100    Marston’s PLC    144,271
140,900    Meggitt PLC    580,350
200,998    Northern Foods PLC    199,128
456,600    Old Mutual PLC*    752,777
68,634    Pearson PLC    971,913
35,191    Reckitt Benckiser Group PLC    1,824,282
73,500    Royal Dutch Shell PLC (Class B Stock)    1,955,189
211,587    RSA Insurance Group PLC    432,644
47,318    SABMiller PLC    1,286,779
99,900    Smith & Nephew PLC    1,004,989
23,541    Spectris PLC    285,986
70,809    Standard Chartered PLC    1,630,986
62,078    Tate & Lyle PLC    391,408
248,714    Tesco PLC    1,683,244
120,000    Thomas Cook Group PLC    433,283
111,761    Tomkins PLC    334,419
128,588    TT Electronics PLC*    178,355
107,000    Tullett Prebon PLC    521,964
409,900    Vodafone Group PLC    875,709
       
   36,605,711
       

United States 0.4%

   
25,990    Southern Copper Corp.    692,114
       

  

TOTAL LONG-TERM INVESTMENTS
(cost $186,516,191)

      184,669,492
         

SHORT-TERM INVESTMENT 0.9%

AFFILIATED MONEY MARKET MUTUAL FUND

1,661,373   

Dryden Core Investment Fund - Taxable Money Market Series
(cost $1,661,373)(a)

      1,661,373
         
  

TOTAL INVESTMENTS(b)—99.5%
(cost $188,177,564)(c)

      186,330,865
   Other assets in excess of liabilities(d)—0.5%      874,984
         
   NET ASSETS —100%    $ 187,205,849
         

 

The following abbreviations are used in the portfolio descriptions:

ADR American Depositary Receipt

BRL Brazilian Real

EUR Euro

MXN Mexican Peso

 

* Non-income producing security.
(a) Prudential Investments LLC, the manager of the Fund also serves as manager of the Dryden Core Investment Fund-Taxable Money Market Series.
(b) As of January 31, 2010, 134 securities representing $113,182,168 and 60.5% of the total market value were fair valued in accordance with the policies adopted by the Board of Directors.
(c) The United States federal income tax basis of the Schedule of Investments was $189,594,557; accordingly, net unrealized depreciation on investments for federal income tax purposes was $3,263,692 (gross unrealized appreciation $21,845,756; gross unrealized depreciation $25,109,448). The difference between book and tax basis is primarily attributable to deferred losses on wash sales.
(d) Other assets in excess of liabilities includes net unrealized appreciation (depreciation) on forward foreign currency exchange contracts as follows:

Forward foreign currency exchange contracts outstanding at January 31, 2010:

 

Purchase Contract

   

Counterparty

         Notional
Amount
(000)		    Value at
Settlement
Date Payable		    Current
Value		    Unrealized
Depreciation(1) 		 

Mexican Peso,

                  

Expiring 05/28/10

    State Street Bank    MXN    4,940    $ 378,442    $ 372,329    $ (6,113 ) 
                               

Sale Contracts

   

Counterparty

         Notional
Amount
(000)		    Value at
Settlement
Date
Receivable		    Current
Value		    Unrealized
Appreciation(1) 		 

Brazilian Real,

                  

Expiring 05/04/10

    State Street Bank    BRL    4,093    $ 2,254,848    $ 2,132,613    $ 122,235   

Euro,

                  

Expiring 07/26/10

    State Street Bank    EUR    1,384      1,947,219      1,917,476      29,743   

Expiring 07/26/10

    State Street Bank    EUR    596      826,640      825,734      906   

Mexican Peso,

                  

Expiring 05/28/10

    State Street Bank    MXN    35,747      2,713,863      2,694,262      19,601   
                               
            $ 7,742,570    $ 7,570,085    $ 172,485   
                               

 

(1)

The amount represents fair value of derivative instruments subject to foreign exchange 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:

         

Australia

    $ 8,105,610    $ —      $ —  

Austria

      —        514,674      —  

Belgium

      —        2,453,507      —  

Brazil

      3,932,620      —        —  

Canada

      3,942,866      —        —  

Cayman Islands

      380,832      —        —  

China

      4,406,771      —        —  

Denmark

      —        3,835,445      —  

Finland

      —        1,695,794      —  

France

      —        18,736,471      —  

Germany

      —        15,704,310      —  

Greece

      —        1,176,217      —  

Guernsey

      1,162,012      —        —  

Hong Kong

      4,861,080      —        —  

Ireland

      1,127,488      329,033      —  

Israel

      2,553,194      —        —  

Italy

      —        4,075,588      —  

Japan

      29,217,991      —        —  

Mexico

      2,583,008      —        —  

Netherlands

      1,194,254      5,051,382      —  

New Zealand

      534,336      —        —  

Norway

      —        1,057,043      —  

Singapore

      2,559,757      —        —  

South Korea

      948,937      —        —  

Spain

      1,729,424      4,457,600      —  

Sweden

      —        3,630,205      —  

Switzerland

      679,238      12,847,002      —  

Taiwan

      875,792      —        —  

Turkey

      —        1,012,186      —  

United Kingdom

      —        36,605,711      —  

United States

      692,114      —        —  

Affiliated Money Market Mutual Fund

      1,661,373      —        —  
                    
   $ 73,148,697    $ 113,182,168    $ —  

Other Financial Instruments*

      —        166,372      —  
                    

Total

    $ 73,148,697    $ 113,348,540    $ —  
                    

 

* 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 January 31, 2010, the Fund had one Level 3 security with a fair value of $0. As of October 31, 2009, the Fund had two Level 3 securities with a fair value of $0.

The industry classification of investments and other assets in excess of liabilities shown as a percentage of net assets as of January 31, 2010 were as follows:

 

Pharmaceuticals

    10.2  % 

Oil, Gas & Consumable Fuels

    8.9   

Financial—Bank & Trust

    8.4   

Telecommunications

    7.9   

Insurance

    5.9   

Metals & Mining

    3.1   

Food & Beverage

    3.0   

Banks

    2.9   

Chemicals

    2.8   

Retail & Merchandising

    2.8   

Financial Services

    2.6   

Diversified Financial Services

    2.3   

Machinery & Equipment

    2.2   

Aerospace

    2.0   

Building Materials

    2.0   

Foods

    1.9   

Computer Services & Software

    1.7   

Entertainment & Leisure

    1.6   

Utilities

    1.6   

Electronic Components & Equipment

    1.6   

Automobile Manufacturers

    1.5   

Transportation

    1.5   

Diversified Operations

    1.4   

Medical Supplies & Equipment

    1.2   

Multimedia

    1.2   

Consumer Products & Services

    1.1   

Tobacco

    0.9   

Affiliated Money Market Mutual Fund

    0.9   

Airlines

    0.9   

Commercial Services

    0.7   

Beverages

    0.7   

Broadcasting

    0.7   

Business Services

    0.7   

Automotive Parts

    0.6   

Healthcare Products

    0.6   

Electronic Components

    0.5   

Real Estate

    0.5   

Semiconductor Components

    0.5   

Equipment Services

    0.5   

Semiconductors

    0.5   

Cosmetics & Toiletries

    0.5   

Holding Companies—Diversified

    0.5   

Distribution/Wholesale

    0.5   

Diversified Manufacturing

    0.5   

Paper & Forest Products

    0.4   

Computer Hardware

    0.4   

Electric Utilities

    0.4   

Office Equipment

    0.4   

Electronics

    0.3   

Home Furnishings

    0.3   

Commercial Banks

    0.3   

Independent Power Producers & Energy Traders

    0.3   

Steel Producers/Products

    0.3   

Miscellaneous Manufacturing

    0.3   

Construction & Engineering

    0.3   

Gas Distribution

    0.2   

Energy

    0.2   

Toys

    0.2   

Media & Entertainment

    0.2   

Internet Software & Services

    0.2   

Gas

    0.2   

Clothing & Apparel

    0.1   
      
   99.5   

Other assets in excess of liabilities

    0.5   
      
   100.0 % 
      

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 subadviser(s), 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 Directors’ 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 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.

Forward currency contracts are valued daily at current exchange rates.

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 dates are valued at current market quotations.

The Funds invest in the Taxable Money Market Series (the “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 Funds is available in the Funds’ most recent Reports 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 World Fund, Inc.

 

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.