NPORT-EX 2 PI61890PRU022823.htm
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Long-Term Investments 75.4%          
Corporate Bonds 2.3%
Brazil 0.1%
JSM Global Sarl,
Gtd. Notes, 144A 		4.750 % 10/20/30(d)   200  $32,500
Jamaica 0.2%
Digicel Ltd.,
Gtd. Notes (original cost $217,321; purchased 04/19/18)(f) 		6.750 03/01/23   235 91,254
Malaysia 0.4%
Gohl Capital Ltd.,
Gtd. Notes 		4.250 01/24/27   200 183,750
Mexico 0.4%
Petroleos Mexicanos,          
Gtd. Notes 6.490 01/23/27   55 51,450
Gtd. Notes, MTN 6.875 08/04/26   105 102,175
          153,625
South Africa 0.9%
Eskom Holdings SOC Ltd.,
Sr. Unsec’d. Notes, 144A, MTN 		6.750 08/06/23   200 195,925
Sasol Financing USA LLC,
Gtd. Notes 		5.875 03/27/24   200 197,190
          393,115
Supranational Bank 0.3%
European Investment Bank,
Sr. Unsec’d. Notes, EMTN 		3.000 05/24/24 PLN 600 131,283
     
 
Total Corporate Bonds
(cost $1,366,463) 		985,527
Foreign Treasury Obligation 0.3%
Brazil 
Brazil Letras do Tesouro Nacional,
Bills, Series LTN
(cost $117,234) 		6.144(s) 01/01/24 BRL 1 117,349
1
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Sovereign Bonds 72.8%
Angola 0.5%
Angolan Government International Bond,
Sr. Unsec’d. Notes 		9.500 % 11/12/25   200  $208,750
Argentina 0.1%
Argentine Republic Government International
Bond, 		         
Sr. Unsec’d. Notes 1.000 07/09/29   24 8,100
Sr. Unsec’d. Notes 3.875(cc) 01/09/38   32 11,665
     
 
Provincia de Buenos Aires,
Sr. Unsec’d. Notes, 144A, MTN 		5.250(cc) 09/01/37   101 39,706
          59,471
Brazil 3.0%
Brazil Minas SPE via State of Minas Gerais,
Gov’t. Gtd. Notes 		5.333 02/15/28   141 137,854
Brazil Notas do Tesouro Nacional,          
Notes, Series NTNB 6.000 08/15/30 BRL 2 366,166
Notes, Series NTNB 6.000 05/15/35 BRL 1 100,051
Notes, Series NTNF 10.000 01/01/25 BRL 1 116,080
Notes, Series NTNF 10.000 01/01/27 BRL 3 537,317
Notes, Series NTNF 10.000 01/01/31 BRL — 33,789
     
 
Brazilian Government International Bond,
Sr. Unsec’d. Notes 		8.500 01/05/24 BRL 54 10,209
          1,301,466
Chile 1.4%
Bonos de la Tesoreria de la Republica en pesos,          
Bonds 5.000 03/01/35 CLP 115,000 138,764
Bonds, 144A 5.000 10/01/28 CLP 110,000 134,706
Bonds, Series 30YR 6.000 01/01/43 CLP 135,000 181,215
Unsec’d. Notes, 144A 2.800 10/01/33 CLP 50,000 50,248
Unsec’d. Notes, 144A 4.700 09/01/30 CLP 95,000 113,340
          618,273
China 5.2%
China Government Bond,          
Bonds, Series 1906 3.290 05/23/29 CNH 3,690 566,109
Bonds, Series 1910 3.860 07/22/49 CNH 680 110,366
Bonds, Series INBK 1.990 04/09/25 CNH 5,500 806,168
Bonds, Series INBK 2.850 06/04/27 CNH 1,250 186,372
2
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Sovereign Bonds (Continued)
China (cont’d.)
China Government Bond, (cont’d.)          
Bonds, Series INBK 3.270 % 11/19/30 CNH 2,890  $443,884
Unsec’d. Notes, Series INBK 3.810 09/14/50 CNH 770 124,232
          2,237,131
Colombia 4.4%
Colombian TES,          
Bonds, Series B 5.750 11/03/27 COP 250,000 41,815
Bonds, Series B 6.000 04/28/28 COP 1,221,000 202,344
Bonds, Series B 6.250 07/09/36 COP 1,644,000 215,005
Bonds, Series B 7.000 03/26/31 COP 2,281,200 362,032
Bonds, Series B 7.000 06/30/32 COP 2,648,100 404,725
Bonds, Series B 7.250 10/18/34 COP 1,405,800 209,023
Bonds, Series B 7.250 10/26/50 COP 210,000 27,366
Bonds, Series B 7.750 09/18/30 COP 500,000 84,082
Bonds, Series B 9.250 05/28/42 COP 1,094,100 180,216
Bonds, Series G 7.000 03/26/31 COP 759,800 120,305
Sr. Unsec’d. Notes, Series UVR 3.750 06/16/49 COP 213,098 36,611
          1,883,524
Czech Republic 3.2%
Czech Republic Government Bond,          
Bonds, Series 049 4.200 12/04/36 CZK 2,950 128,243
Bonds, Series 078 2.500 08/25/28 CZK 2,100 85,251
Bonds, Series 094 0.950 05/15/30 CZK 8,770 308,725
Bonds, Series 100 0.250 02/10/27 CZK 5,410 205,024
Bonds, Series 103 2.000 10/13/33 CZK 9,290 330,677
Bonds, Series 105 2.750 07/23/29 CZK 3,500 141,962
Bonds, Series 121 1.200 03/13/31 CZK 5,770 202,113
          1,401,995
Hungary 3.6%
Hungary Government Bond,          
Bonds, Series 26/D 2.750 12/22/26 HUF 226,920 494,466
Bonds, Series 26/E 1.500 04/22/26 HUF 59,060 127,458
Bonds, Series 26/F 1.500 08/26/26 HUF 65,380 137,640
Bonds, Series 27/A 3.000 10/27/27 HUF 42,680 91,728
Bonds, Series 28/A 6.750 10/22/28 HUF 35,160 89,327
Bonds, Series 28/B 4.500 03/23/28 HUF 20,430 46,820
Bonds, Series 29/A 2.000 05/23/29 HUF 128,070 252,122
3
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Sovereign Bonds (Continued)
Hungary (cont’d.)
Hungary Government Bond, (cont’d.)          
Bonds, Series 31/A 3.250 % 10/22/31 HUF 33,070  $65,093
Bonds, Series 32/A 4.750 11/24/32 HUF 45,870 99,708
Bonds, Series 34/A 2.250 06/22/34 HUF 55,760 90,832
Bonds, Series 38/A 3.000 10/27/38 HUF 21,890 35,147
Bonds, Series 51/G 4.000 04/28/51 HUF 29,330 47,526
          1,577,867
Indonesia 11.0%
Indonesia Treasury Bond,          
Bonds, Series 056 8.375 09/15/26 IDR 6,596,000 468,628
Bonds, Series 059 7.000 05/15/27 IDR 2,362,000 161,288
Bonds, Series 064 6.125 05/15/28 IDR 8,837,000 580,683
Bonds, Series 068 8.375 03/15/34 IDR 8,238,000 610,934
Bonds, Series 070 8.375 03/15/24 IDR 1,410,000 96,352
Bonds, Series 071 9.000 03/15/29 IDR 3,640,000 272,403
Bonds, Series 072 8.250 05/15/36 IDR 3,843,000 284,977
Bonds, Series 073 8.750 05/15/31 IDR 6,870,000 515,594
Bonds, Series 075 7.500 05/15/38 IDR 3,754,000 262,527
Bonds, Series 078 8.250 05/15/29 IDR 6,284,000 453,695
Bonds, Series 079 8.375 04/15/39 IDR 1,850,000 139,404
Bonds, Series 081 6.500 06/15/25 IDR 993,000 66,651
Bonds, Series 082 7.000 09/15/30 IDR 8,415,000 572,040
Bonds, Series 087 6.500 02/15/31 IDR 2,956,000 194,800
Bonds, Series 092 7.125 06/15/42 IDR 1,354,000 91,787
          4,771,763
Malaysia 4.6%
Malaysia Government Bond,          
Bonds, Series 0120 4.065 06/15/50 MYR 880 196,561
Bonds, Series 0222 4.696 10/15/42 MYR 755 188,586
Bonds, Series 0419 3.828 07/05/34 MYR 810 186,337
Bonds, Series 0519 3.757 05/22/40 MYR 910 201,876
Bonds, Series 115 3.955 09/15/25 MYR 680 161,274
Bonds, Series 118 3.882 03/14/25 MYR 567 134,109
Bonds, Series 219 3.885 08/15/29 MYR 2,015 475,036
Bonds, Series 317 4.762 04/07/37 MYR 842 210,536
Bonds, Series 411 4.232 06/30/31 MYR 280 67,328
Bonds, Series 413 3.844 04/15/33 MYR 390 90,569
4
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Sovereign Bonds (Continued)
Malaysia (cont’d.)
     
 
Malaysia Government Investment Issue,
Bonds, Series 0121 		3.447 % 07/15/36 MYR 430  $94,226
          2,006,438
Mexico 4.1%
Mexican Bonos,          
Bonds, Series M 7.750 05/29/31 MXN 91 456,505
Bonds, Series M 8.000 11/07/47 MXN 68 332,966
Bonds, Series M30 10.000 11/20/36 MXN 17 100,825
Sr. Unsec’d. Notes, Series M 7.750 11/13/42 MXN 76 364,500
Sr. Unsec’d. Notes, Series M30 8.500 11/18/38 MXN 73 379,277
     
 
Mexican Udibonos,
Bonds, Series S 		2.750 11/27/31 MXN 4 155,254
          1,789,327
Peru 1.6%
Peru Government Bond,          
Bonds 6.900 08/12/37 PEN 260 60,196
Bonds 6.950 08/12/31 PEN 190 46,313
Sr. Unsec’d. Notes 5.350 08/12/40 PEN 540 103,455
Sr. Unsec’d. Notes 5.400 08/12/34 PEN 1,080 223,836
Sr. Unsec’d. Notes 6.150 08/12/32 PEN 393 89,319
Peruvian Government International Bond,          
Sr. Unsec’d. Notes 6.850 02/12/42 PEN 245 55,511
Sr. Unsec’d. Notes 6.900 08/12/37 PEN 7 1,616
Sr. Unsec’d. Notes 6.950 08/12/31 PEN 478 116,513
          696,759
Philippines 0.2%
Philippine Government Bond,
Bonds, Series 1060 		3.625 09/09/25 PHP 5,600 97,132
Poland 6.5%
Republic of Poland Government Bond,          
Bonds, Series 0428 2.750 04/25/28 PLN 1,480 293,185
Bonds, Series 0432 1.750 04/25/32 PLN 710 115,735
Bonds, Series 0725 3.250 07/25/25 PLN 4,301 928,900
Bonds, Series 0726 2.500 07/25/26 PLN 3,925 807,109
Bonds, Series 1026 0.250 10/25/26 PLN 280 52,487
Bonds, Series 1029 2.750 10/25/29 PLN 2,420 462,804
5
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Sovereign Bonds (Continued)
Poland (cont’d.)
Republic of Poland Government Bond, (cont’d.)          
Bonds, Series 1030 1.250 % 10/25/30 PLN 750   $123,952
     
 
Republic of Poland Government International Bond,
Sr. Unsec’d. Notes 		5.500 11/16/27   25 25,805
          2,809,977
Romania 1.9%
Romania Government Bond,          
Bonds, Series 05YR 4.250 04/28/36 RON 870 139,758
Bonds, Series 07YR 3.250 04/29/24 RON 750 158,574
Bonds, Series 07YR 4.850 04/22/26 RON 980 201,233
Bonds, Series 10YR 5.850 04/26/23 RON 460 101,413
Bonds, Series 10YR 6.700 02/25/32 RON 650 136,841
Bonds, Series 15YR 3.650 09/24/31 RON 590 100,165
          837,984
Serbia 0.5%
Serbia International Bond,
Sr. Unsec’d. Notes 		3.125 05/15/27 EUR 100 96,913
Serbia Treasury Bonds,          
Bonds, Series 07YR 4.500 01/11/26 RSD 9,460 83,693
Bonds, Series 12.5 4.500 08/20/32 RSD 6,240 47,917
          228,523
South Africa 13.4%
Republic of South Africa Government Bond,          
Sr. Unsec’d. Notes, Series 2030 8.000 01/31/30 ZAR 17,645 928,630
Sr. Unsec’d. Notes, Series 2032 8.250 03/31/32 ZAR 8,470 427,752
Sr. Unsec’d. Notes, Series 2035 8.875 02/28/35 ZAR 13,864 687,574
Sr. Unsec’d. Notes, Series 2037 8.500 01/31/37 ZAR 17,928 835,594
Sr. Unsec’d. Notes, Series 2040 9.000 01/31/40 ZAR 6,530 309,320
Sr. Unsec’d. Notes, Series 2044 8.750 01/31/44 ZAR 9,460 428,666
Sr. Unsec’d. Notes, Series 2048 8.750 02/28/48 ZAR 2,955 134,118
Sr. Unsec’d. Notes, Series R186 10.500 12/21/26 ZAR 20,149 1,247,109
Sr. Unsec’d. Notes, Series R209 6.250 03/31/36 ZAR 3,850 149,148
Sr. Unsec’d. Notes, Series R213 7.000 02/28/31 ZAR 10,845 517,944
Sr. Unsec’d. Notes, Series R214 6.500 02/28/41 ZAR 4,565 166,635
          5,832,490
6
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Sovereign Bonds (Continued)
Thailand 7.3%
Thailand Government Bond,          
Bonds 1.600 % 12/17/29 THB 3,885  $112,690
Bonds 2.000 06/17/42 THB 2,080 52,969
Bonds 2.875 12/17/28 THB 12,015 377,971
Bonds 2.875 06/17/46 THB 3,065 87,337
Bonds 3.300 06/17/38 THB 8,815 277,388
Bonds 3.400 06/17/36 THB 9,585 308,514
Sr. Unsec’d. Notes 1.585 12/17/35 THB 3,120 82,673
Sr. Unsec’d. Notes 1.600 06/17/35 THB 2,700 71,978
Sr. Unsec’d. Notes 1.875 06/17/49 THB 1,063 24,157
Sr. Unsec’d. Notes 2.000 12/17/31 THB 24,635 719,936
Sr. Unsec’d. Notes 2.125 12/17/26 THB 8,340 254,309
Sr. Unsec’d. Notes 3.350 06/17/33 THB 6,230 202,355
Sr. Unsec’d. Notes 3.650 06/20/31 THB 2,559 84,257
Sr. Unsec’d. Notes 3.775 06/25/32 THB 15,085 505,109
          3,161,643
Ukraine 0.2%
Ukraine Government International Bond,          
Sr. Unsec’d. Notes 6.750 06/20/28(d) EUR 150 30,658
Sr. Unsec’d. Notes 7.750 09/01/26(d)   222 47,702
          78,360
Uruguay 0.1%
Uruguay Government International Bond,
Sr. Unsec’d. Notes, 144A 		8.500 03/15/28 UYU 1,870 45,144
     
 
Total Sovereign Bonds
(cost $35,088,172) 		31,644,017
 
Total Long-Term Investments
(cost $36,571,869) 		32,746,893
    
      Principal
Amount
(000)# 		 
Short-Term Investments 34.2%
U.S. Treasury Obligation(n) 4.8%
U.S. Treasury Bills
(cost $2,080,615) 		3.974 % 09/07/23   2,130 2,070,698
    
7
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description     Shares Value
Unaffiliated Fund 29.4%
Dreyfus Government Cash Management (Institutional Shares)
(cost $12,768,503) 		    12,768,503  $12,768,503
Options Purchased*~ 0.0%
(cost $32,765) 12,813
     
 
 
Total Short-Term Investments
(cost $14,881,883) 		14,852,014
     
 
TOTAL INVESTMENTS, BEFORE OPTIONS WRITTEN 109.6%
(cost $51,453,752) 		47,598,907
Options Written*~ (0.2)%
(premiums received $55,240) (69,070)
 
TOTAL INVESTMENTS, NET OF OPTIONS WRITTEN 109.4%
(cost $51,398,512) 		47,529,837
Liabilities in excess of other assets(z) (9.4)% (4,101,210)
 
Net Assets 100.0% $43,428,627
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
    
  AUD—Australian Dollar
  BRL—Brazilian Real
  CAD—Canadian Dollar
  CLP—Chilean Peso
  CNH—Chinese Renminbi
  COP—Colombian Peso
  CZK—Czech Koruna
  EGP—Egyptian Pound
  EUR—Euro
  HUF—Hungarian Forint
  IDR—Indonesian Rupiah
  ILS—Israeli Shekel
  INR—Indian Rupee
  JPY—Japanese Yen
  KRW—South Korean Won
  MXN—Mexican Peso
  MYR—Malaysian Ringgit
  NZD—New Zealand Dollar
  PEN—Peruvian Nuevo Sol
  PHP—Philippine Peso
  PLN—Polish Zloty
  RON—Romanian Leu
  RSD—Serbian Dinar
  SGD—Singapore Dollar
  THB—Thai Baht
  TRY—Turkish Lira
  TWD—New Taiwanese Dollar
8
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
  USD—US Dollar
  UYU—Uruguayan Peso
  ZAR—South African Rand
    
  144A—Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, pursuant to the requirements of Rule 144A, may not be resold except to qualified institutional buyers.
  A—Annual payment frequency for swaps
  BARC—Barclays Bank PLC
  BNP—BNP Paribas S.A.
  BOA—Bank of America, N.A.
  BROIS—Brazil Overnight Index Swap
  BUBOR—Budapest Interbank Offered Rate
  CDX—Credit Derivative Index
  CITI—Citibank, N.A.
  CLOIS—Sinacofi Chile Interbank Rate Average
  COOIS—Colombia Overnight Interbank Reference Rate
  DB—Deutsche Bank AG
  EMTN—Euro Medium Term Note
  GSI—Goldman Sachs International
  HSBC—HSBC Bank PLC
  JIBAR—Johannesburg Interbank Agreed Rate
  JPM—JPMorgan Chase Bank N.A.
  KLIBOR—Kuala Lumpur Interbank Offered Rate
  KWCDC—Korean Won Certificate of Deposit
  M—Monthly payment frequency for swaps
  MSI—Morgan Stanley & Co International PLC
  MTN—Medium Term Note
  OTC—Over-the-counter
  PRIBOR—Prague Interbank Offered Rate
  Q—Quarterly payment frequency for swaps
  S—Semiannual payment frequency for swaps
  SCB—Standard Chartered Bank
  T—Swap payment upon termination
  TD—The Toronto-Dominion Bank
  TELBOR—Tel Aviv Interbank Offered Rate
  UAG—UBS AG
  WIBOR—Warsaw Interbank Offered Rate
    
* Non-income producing security.
# Principal or notional amount is shown in U.S. dollars unless otherwise stated.
~ See tables subsequent to the Schedule of Investments for options detail.
(cc) Variable rate instrument. The rate shown is based on the latest available information as of January 31, 2023. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description.
(d) Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity.
(f) Indicates a restricted security that is acquired in unregistered, private sales from the issuing company or from an affiliate of the issuer and is considered restricted as to disposition under federal securities law; the aggregate original cost of such securities is $217,321. The aggregate value of $91,254 is 0.2% of net assets.
(n) Rate shown reflects yield to maturity at purchased date.
(s) Represents zero coupon bond or principal only security. Rate represents yield to maturity at purchase date.
(z) Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments:
9
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Options Purchased:
OTC Traded
Description   Call/
Put 		  Counterparty   Expiration
Date 		  Strike Contracts   Notional
Amount
(000)# 		  Value
Currency Option AUD vs USD   Call   JPM   02/09/23     0.75   —   AUD   663  $26
Currency Option EUR vs HUF   Call   MSI   02/09/23     500.00   —   EUR   317 —
Currency Option USD vs BRL   Call   JPM   02/07/23     6.25   —       156 —
Currency Option USD vs BRL   Call   JPM   02/07/23     6.60   —       156 —
Currency Option USD vs CLP   Call   JPM   02/07/23     1,100.00   —       156 —
Currency Option USD vs COP   Call   MSI   02/07/23     6,200.00   —       311 —
Currency Option USD vs MXN   Call   MSI   02/07/23     21.30   —       317 1
Currency Option USD vs MXN   Call   MSI   02/07/23     22.00   —       311 —
Currency Option USD vs MXN   Call   MSI   02/07/23     22.00   —       311 —
Currency Option USD vs MXN   Call   MSI   02/16/23     22.50   —       311 3
Currency Option USD vs MXN   Call   MSI   06/02/23     20.25   —       974 10,459
Currency Option USD vs ZAR   Call   MSI   02/07/23     20.00   —       311 2
Currency Option USD vs ZAR   Call   MSI   02/08/23     20.00   —       311 5
Currency Option USD vs ZAR   Call   MSI   02/08/23     20.30   —       159 1
Currency Option USD vs ZAR   Call   MSI   02/08/23     20.30   —       150 1
Currency Option USD vs ZAR   Call   JPM   02/24/23     23.00   —       800 7
Currency Option USD vs ZAR   Call   JPM   04/21/23     24.00   —       1,190 267
Currency Option EUR vs HUF   Put   BOA   02/09/23     368.00   —   EUR   207 7
Currency Option USD vs BRL   Put   JPM   02/15/23     4.30   —       319 —
Currency Option USD vs CLP   Put   CITI   02/07/23     700.00   —       317 —
Currency Option USD vs CNH   Put   MSI   02/21/23     6.50   —       272 31
Currency Option USD vs JPY   Put   JPM   04/13/23     121.00   —       319 1,937
10
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
OTC Traded
Description   Call/
Put 		  Counterparty   Expiration
Date 		  Strike Contracts   Notional
Amount
(000)# 		  Value
Currency Option USD vs MXN   Put   MSI   06/02/23     16.00   —       974  $65
Currency Option USD vs ZAR   Put   JPM   02/16/23     15.00   —       324 1
Total Options Purchased (cost $32,765)     $12,813
Options Written:
OTC Traded
Description   Call/
Put 		  Counterparty   Expiration
Date 		  Strike Contracts   Notional
Amount
(000)# 		  Value
Currency Option AUD vs USD   Call   JPM   02/09/23     0.71 —   AUD 663    $(3,129)
Currency Option USD vs BRL   Call   JPM   02/07/23     5.50 —     156   (10)
Currency Option USD vs CLP   Call   JPM   02/07/23     890.00 —     156   (8)
Currency Option USD vs COP   Call   MSI   02/07/23     5,150.00 —     311   (31)
Currency Option USD vs MXN   Call   MSI   02/07/23     19.30 —     317   (256)
Currency Option USD vs MXN   Call   MSI   02/07/23     19.50 —     311   (110)
Currency Option USD vs MXN   Call   MSI   02/16/23     19.20 —     311   (1,140)
Currency Option USD vs ZAR   Call   MSI   02/08/23     17.40 —     159   (1,737)
Currency Option USD vs ZAR   Call   MSI   02/08/23     17.40 —     311   (3,397)
Currency Option USD vs ZAR   Call   MSI   02/08/23     17.40 —     150   (1,639)
Currency Option EUR vs HUF   Put   BOA   02/09/23     388.00 —   EUR 207   (592)
Currency Option USD vs BRL   Put   JPM   02/15/23     5.00 —     319   (2,140)
Currency Option USD vs CLP   Put   CITI   02/07/23     800.00 —     317   (4,033)
Currency Option USD vs CNH   Put   MSI   02/21/23     6.93 —     272   (7,410)
Currency Option USD vs MXN   Put   MSI   03/02/23     19.75 —     974   (43,438)
Total Options Written (premiums received $55,240)     $(69,070)
11
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Futures contracts outstanding at January 31, 2023:
Number
of
Contracts 		  Type   Expiration
Date 		  Current
Notional
Amount 		  Value /
Unrealized
Appreciation
(Depreciation)
Short Positions:
3   2 Year U.S. Treasury Notes   Mar. 2023    $616,945    $(2,502)
4   5 Year U.S. Treasury Notes   Mar. 2023   436,969   (4,817)
                $(7,319)
Forward foreign currency exchange contracts outstanding at January 31, 2023:
Purchase
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts:
Australian Dollar,
Expiring 04/19/23   JPM   AUD 431    $301,194    $305,116    $3,922    $—
Expiring 04/19/23   MSI   AUD 115   80,000   81,255   1,255   —
Brazilian Real,
Expiring 02/02/23   BNP   BRL 194   35,461   38,128   2,667   —
Expiring 02/02/23   CITI   BRL 9,403   1,742,331   1,851,444   109,113   —
Expiring 02/02/23   CITI   BRL 1,364   256,193   268,570   12,377   —
Expiring 02/02/23   CITI   BRL 872   169,000   171,717   2,717   —
Expiring 02/02/23   CITI   BRL 312   60,000   61,424   1,424   —
Expiring 02/02/23   CITI   BRL 138   25,407   27,117   1,710   —
Expiring 02/02/23   MSI   BRL 527   99,201   103,716   4,515   —
Expiring 02/02/23   MSI   BRL 336   61,840   66,185   4,345   —
Expiring 02/02/23   MSI   BRL 309   58,232   60,814   2,582   —
Expiring 03/02/23   CITI   BRL 12,478   2,443,397   2,445,816   2,419   —
Expiring 03/02/23   CITI   BRL 4,584   895,536   898,467   2,931   —
Canadian Dollar,
Expiring 04/19/23   BOA   CAD 301   224,359   226,073   1,714   —
Chilean Peso,
Expiring 03/15/23   MSI   CLP 67,498   75,000   84,217   9,217   —
Chinese Renminbi,
Expiring 02/23/23   BOA   CNH 3,809   536,000   564,660   28,660   —
Expiring 02/23/23   CITI   CNH 358   53,096   53,114   18   —
Expiring 02/23/23   HSBC   CNH 2,666   395,000   395,248   248   —
Expiring 02/23/23   HSBC   CNH 2,334   334,000   346,065   12,065   —
Expiring 02/23/23   JPM   CNH 1,155   164,225   171,302   7,077   —
Expiring 02/23/23   SCB   CNH 3,031   449,000   449,282   282   —
Expiring 02/23/23   TD   CNH 108   15,534   16,004   470   —
Colombian Peso,
Expiring 03/15/23   BARC   COP 761,766   153,000   161,744   8,744   —
Expiring 03/15/23   BARC   COP 636,790   126,000   135,208   9,208   —
Expiring 03/15/23   BARC   COP 402,490   83,000   85,460   2,460   —
Expiring 03/15/23   BNP   COP 1,114,544   228,814   236,649   7,835   —
12
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2023 (continued):
Purchase
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts (cont’d.):
Colombian Peso (cont’d.),
Expiring 03/15/23   BNP   COP 666,447    $135,968    $141,505    $5,537    $—
Expiring 03/15/23   BNP   COP 121,359   24,418   25,768   1,350   —
Expiring 03/15/23   CITI   COP 3,507,971   749,695   744,840   —   (4,855)
Expiring 03/15/23   CITI   COP 780,504   170,000   165,723   —   (4,277)
Expiring 03/15/23   CITI   COP 728,157   156,000   154,608   —   (1,392)
Expiring 03/15/23   CITI   COP 650,000   141,325   138,013   —   (3,312)
Expiring 03/15/23   CITI   COP 88,279   17,625   18,744   1,119   —
Expiring 03/15/23   MSI   COP 229,100   45,929   48,644   2,715   —
Expiring 03/15/23   MSI   COP 153,463   31,255   32,584   1,329   —
Expiring 03/15/23   UAG   COP 378,884   80,000   80,448   448   —
Czech Koruna,
Expiring 04/19/23   HSBC   CZK 18,055   808,632   821,828   13,196   —
Expiring 04/19/23   HSBC   CZK 8,788   399,307   400,021   714   —
Expiring 04/19/23   MSI   CZK 7,815   352,000   355,728   3,728   —
Egyptian Pound,
Expiring 02/28/23   CITI   EGP 2,108   68,555   68,154   —   (401)
Expiring 02/28/23   CITI   EGP 1,222   48,000   39,505   —   (8,495)
Expiring 02/28/23   MSI   EGP 3,050   119,335   98,600   —   (20,735)
Expiring 02/28/23   MSI   EGP 1,549   61,035   50,085   —   (10,950)
Expiring 01/10/24   CITI   EGP 1,981   61,346   57,623   —   (3,723)
Expiring 01/10/24   CITI   EGP 703   20,562   20,438   —   (124)
Euro,
Expiring 04/19/23   MSI   EUR 191   209,272   208,656   —   (616)
Hungarian Forint,
Expiring 04/19/23   BARC   HUF 14,374   37,899   38,981   1,082   —
Expiring 04/19/23   BOA   HUF 43,471   116,101   117,889   1,788   —
Expiring 04/19/23   HSBC   HUF 133,447   349,617   361,898   12,281   —
Expiring 04/19/23   JPM   HUF 181,155   490,643   491,278   635   —
Expiring 04/19/23   JPM   HUF 53,453   141,942   144,961   3,019   —
Expiring 04/19/23   TD   HUF 80,180   213,759   217,441   3,682   —
Indian Rupee,
Expiring 03/15/23   HSBC   INR 6,713   82,000   81,830   —   (170)
Expiring 03/15/23   JPM   INR 25,897   313,000   315,701   2,701   —
Indonesian Rupiah,
Expiring 03/15/23   CITI   IDR 21,394,601   1,423,460   1,425,265   1,805   —
Expiring 03/15/23   CITI   IDR 1,202,040   80,000   80,077   77   —
Expiring 03/15/23   HSBC   IDR 5,096,685   330,000   339,531   9,531   —
Expiring 03/15/23   JPM   IDR 4,605,706   293,338   306,822   13,484   —
Expiring 03/15/23   JPM   IDR 1,892,344   120,187   126,064   5,877   —
Expiring 03/15/23   JPM   IDR 1,212,636   78,000   80,783   2,783   —
Expiring 03/15/23   MSI   IDR 1,322,797   85,397   88,122   2,725   —
Expiring 03/15/23   MSI   IDR 1,218,575   79,000   81,179   2,179   —
13
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2023 (continued):
Purchase
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts (cont’d.):
Indonesian Rupiah (cont’d.),
Expiring 03/15/23   SCB   IDR 6,319,828    $406,000    $421,014    $15,014    $—
Israeli Shekel,
Expiring 03/15/23   BARC   ILS 892   265,000   258,731   —   (6,269)
Expiring 03/15/23   BARC   ILS 269   80,000   78,021   —   (1,979)
Expiring 03/15/23   CITI   ILS 1,191   350,000   345,452   —   (4,548)
Expiring 03/15/23   CITI   ILS 1,167   347,000   338,679   —   (8,321)
Expiring 03/15/23   CITI   ILS 543   155,000   157,524   2,524   —
Expiring 03/15/23   HSBC   ILS 1,407   407,611   408,144   533   —
Expiring 03/15/23   JPM   ILS 542   155,000   157,380   2,380   —
Japanese Yen,
Expiring 04/19/23   GSI   JPY 9,630   76,032   74,793   —   (1,239)
Malaysian Ringgit,
Expiring 03/15/23   BARC   MYR 7,447   1,702,728   1,753,239   50,511   —
Expiring 03/15/23   BARC   MYR 2,513   591,820   591,750   —   (70)
Expiring 03/15/23   MSI   MYR 423   100,000   99,541   —   (459)
Expiring 03/15/23   MSI   MYR 414   95,004   97,408   2,404   —
Mexican Peso,
Expiring 03/15/23   BARC   MXN 1,543   81,000   81,311   311   —
Expiring 03/15/23   BOA   MXN 1,512   75,000   79,651   4,651   —
Expiring 03/15/23   CITI   MXN 16,226   855,582   854,975   —   (607)
Expiring 03/15/23   CITI   MXN 6,366   336,000   335,442   —   (558)
Expiring 03/15/23   CITI   MXN 5,344   273,870   281,608   7,738   —
Expiring 03/15/23   CITI   MXN 4,117   218,000   216,926   —   (1,074)
Expiring 03/15/23   DB   MXN 1,519   80,000   80,059   59   —
Expiring 03/15/23   GSI   MXN 4,003   204,000   210,902   6,902   —
Expiring 03/15/23   HSBC   MXN 23,785   1,255,907   1,253,287   —   (2,620)
Expiring 03/15/23   HSBC   MXN 1,578   82,000   83,124   1,124   —
Expiring 03/15/23   HSBC   MXN 1,225   62,070   64,549   2,479   —
Expiring 03/15/23   JPM   MXN 14,251   708,293   750,910   42,617   —
Expiring 03/15/23   JPM   MXN 7,519   384,000   396,209   12,209   —
Expiring 03/15/23   JPM   MXN 6,162   323,000   324,682   1,682   —
Expiring 03/15/23   JPM   MXN 1,510   75,000   79,579   4,579   —
Expiring 03/15/23   JPM   MXN 1,500   75,000   79,031   4,031   —
Expiring 03/15/23   MSI   MXN 1,557   82,000   82,046   46   —
Expiring 03/15/23   MSI   MXN 979   51,932   51,587   —   (345)
Expiring 03/15/23   MSI   MXN 977   48,745   51,477   2,732   —
New Taiwanese Dollar,
Expiring 03/15/23   BOA   TWD 13,815   463,000   462,703   —   (297)
Expiring 03/15/23   GSI   TWD 12,680   424,630   424,670   40   —
Expiring 03/15/23   JPM   TWD 8,266   271,000   276,835   5,835   —
Expiring 03/15/23   MSI   TWD 9,841   323,000   329,581   6,581   —
Expiring 03/15/23   MSI   TWD 7,294   242,000   244,301   2,301   —
14
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2023 (continued):
Purchase
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts (cont’d.):
New Zealand Dollar,
Expiring 04/19/23   BARC   NZD 128    $83,000    $82,792    $—    $(208)
Peruvian Nuevo Sol,
Expiring 03/15/23   MSI   PEN 613   158,704   158,817   113   —
Philippine Peso,
Expiring 03/15/23   CITI   PHP 26,532   477,000   484,475   7,475   —
Expiring 03/15/23   JPM   PHP 18,021   321,000   329,061   8,061   —
Expiring 03/15/23   SCB   PHP 21,593   388,000   394,293   6,293   —
Expiring 03/15/23   SCB   PHP 18,141   324,000   331,261   7,261   —
Polish Zloty,
Expiring 04/19/23   CITI   PLN 1,793   408,545   411,454   2,909   —
Romanian Leu,
Expiring 04/19/23   CITI   RON 355   77,950   78,001   51   —
Expiring 04/19/23   HSBC   RON 1,617   355,459   355,806   347   —
Expiring 04/19/23   JPM   RON 1,027   222,588   225,886   3,298   —
Serbian Dinar,
Expiring 03/15/23   CITI   RSD 3,307   30,610   30,633   23   —
Singapore Dollar,
Expiring 03/15/23   MSI   SGD 583   431,620   444,348   12,728   —
South African Rand,
Expiring 03/15/23   CITI   ZAR 2,101   120,157   120,310   153   —
Expiring 03/15/23   CITI   ZAR 1,833   106,229   104,940   —   (1,289)
Expiring 03/15/23   GSI   ZAR 1,396   81,000   79,911   —   (1,089)
Expiring 03/15/23   HSBC   ZAR 7,209   412,159   412,719   560   —
Expiring 03/15/23   HSBC   ZAR 2,685   154,000   153,753   —   (247)
Expiring 03/15/23   HSBC   ZAR 1,329   77,649   76,065   —   (1,584)
Expiring 03/15/23   HSBC   ZAR 816   47,562   46,726   —   (836)
Expiring 03/15/23   UAG   ZAR 1,381   80,000   79,091   —   (909)
Expiring 03/15/23   UAG   ZAR 931   54,423   53,306   —   (1,117)
South Korean Won,
Expiring 03/15/23   BOA   KRW 99,940   76,000   81,159   5,159   —
Expiring 03/15/23   CITI   KRW 98,998   78,000   80,393   2,393   —
Expiring 03/15/23   HSBC   KRW 98,528   75,000   80,012   5,012   —
Expiring 03/15/23   JPM   KRW 118,855   91,428   96,519   5,091   —
Expiring 03/15/23   JPM   KRW 97,643   74,000   79,293   5,293   —
Expiring 03/15/23   UAG   KRW 431,819   329,000   350,669   21,669   —
Thai Baht,
Expiring 03/15/23   CITI   THB 9,285   268,000   282,521   14,521   —
Expiring 03/15/23   CITI   THB 1,104   31,240   33,589   2,349   —
Expiring 03/15/23   HSBC   THB 13,034   379,000   396,605   17,605   —
Expiring 03/15/23   HSBC   THB 11,635   357,000   354,030   —   (2,970)
Expiring 03/15/23   HSBC   THB 11,465   330,000   348,869   18,869   —
Expiring 03/15/23   HSBC   THB 10,503   312,000   319,610   7,610   —
15
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2023 (continued):
Purchase
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts (cont’d.):
Thai Baht (cont’d.),
Expiring 03/15/23   HSBC   THB 9,271    $268,000    $282,121    $14,121    $—
Expiring 03/15/23   HSBC   THB 655   18,396   19,940   1,544   —
Expiring 03/15/23   SCB   THB 2,578   75,495   78,445   2,950   —
Expiring 03/15/23   UAG   THB 6,432   196,157   195,732   —   (425)
Turkish Lira,
Expiring 03/15/23   BARC   TRY 2,839   146,096   147,551   1,455   —
Expiring 03/15/23   JPM   TRY 2,487   127,908   129,284   1,376   —
Expiring 03/15/23   UAG   TRY 1,769   92,101   91,946   —   (155)
              $36,462,122   $37,053,189   689,332   (98,265)
    
Sale
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts:
Australian Dollar,
Expiring 04/19/23   BNP   AUD 234    $166,000    $165,439    $561    $—
Expiring 04/19/23   BNP   AUD 98   70,000   69,633   367   —
Expiring 04/19/23   CITI   AUD 114   80,000   80,570   —   (570)
Expiring 04/19/23   HSBC   AUD 173   122,446   122,665   —   (219)
Expiring 04/19/23   JPM   AUD 116   81,307   82,124   —   (817)
Expiring 04/19/23   JPM   AUD 100   71,004   70,797   207   —
Expiring 04/19/23   MSI   AUD 115   81,074   81,416   —   (342)
Brazilian Real,
Expiring 02/02/23   BARC   BRL 113   21,111   22,160   —   (1,049)
Expiring 02/02/23   CITI   BRL 12,478   2,455,345   2,457,010   —   (1,665)
Expiring 02/02/23   TD   BRL 863   163,000   169,944   —   (6,944)
Canadian Dollar,
Expiring 04/19/23   CITI   CAD 80   60,000   60,219   —   (219)
Expiring 04/19/23   GSI   CAD 110   82,000   82,515   —   (515)
Expiring 04/19/23   JPM   CAD 109   81,000   81,668   —   (668)
Chilean Peso,
Expiring 03/15/23   BARC   CLP 92,941   106,929   115,964   —   (9,035)
Expiring 03/15/23   CITI   CLP 144,700   175,000   180,543   —   (5,543)
Expiring 03/15/23   JPM   CLP 104,278   127,189   130,109   —   (2,920)
Expiring 03/15/23   MSI   CLP 143,448   163,000   178,981   —   (15,981)
Expiring 03/15/23   MSI   CLP 74,883   92,977   93,433   —   (456)
Expiring 03/15/23   MSI   CLP 66,167   75,000   82,557   —   (7,557)
Expiring 03/15/23   UAG   CLP 150,138   180,000   187,328   —   (7,328)
Chinese Renminbi,
Expiring 02/23/23   BARC   CNH 109   15,707   16,189   —   (482)
16
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2023 (continued):
Sale
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts (cont’d.):
Chinese Renminbi (cont’d.),
Expiring 02/23/23   BOA   CNH 1,865    $272,000    $276,538    $—    $(4,538)
Expiring 02/23/23   CITI   CNH 11,448   1,640,469   1,697,166   —   (56,697)
Expiring 02/23/23   GSI   CNH 2,170   316,000   321,712   —   (5,712)
Expiring 02/23/23   JPM   CNH 626   89,000   92,789   —   (3,789)
Expiring 02/23/23   MSI   CNH 999   141,000   148,049   —   (7,049)
Colombian Peso,
Expiring 03/15/23   BARC   COP 74,211   15,162   15,757   —   (595)
Expiring 03/15/23   BNP   COP 513,408   103,088   109,011   —   (5,923)
Expiring 03/15/23   BNP   COP 279,432   56,912   59,331   —   (2,419)
Expiring 03/15/23   HSBC   COP 466,280   93,569   99,005   —   (5,436)
Expiring 03/15/23   MSI   COP 848,553   172,000   180,172   —   (8,172)
Expiring 03/15/23   UAG   COP 835,660   167,000   177,434   —   (10,434)
Euro,
Expiring 04/19/23   GSI   EUR 112   122,532   122,354   178   —
Expiring 04/19/23   HSBC   EUR 173   188,768   188,986   —   (218)
Expiring 04/19/23   JPM   EUR 97   105,634   105,967   —   (333)
Expiring 04/19/23   JPM   EUR 75   81,872   81,933   —   (61)
Expiring 04/19/23   MSI   EUR 279   303,905   304,315   —   (410)
Expiring 04/19/23   SCB   EUR 262   284,978   286,359   —   (1,381)
Hungarian Forint,
Expiring 04/19/23   UAG   HUF 13,918   36,944   37,745   —   (801)
Indian Rupee,
Expiring 03/15/23   CITI   INR 4,281   51,440   52,185   —   (745)
Expiring 03/15/23   GSI   INR 11,273   138,000   137,419   581   —
Expiring 03/15/23   JPM   INR 23,657   286,000   288,391   —   (2,391)
Expiring 03/15/23   MSI   INR 2,147   26,174   26,168   6   —
Indonesian Rupiah,
Expiring 03/15/23   BARC   IDR 389,223   24,885   25,929   —   (1,044)
Expiring 03/15/23   BOA   IDR 843,928   56,700   56,221   479   —
Expiring 03/15/23   CITI   IDR 361,949   24,300   24,112   188   —
Expiring 03/15/23   HSBC   IDR 3,300,000   213,911   219,840   —   (5,929)
Expiring 03/15/23   HSBC   IDR 1,402,759   89,788   93,449   —   (3,661)
Expiring 03/15/23   JPM   IDR 5,781,393   387,000   385,145   1,855   —
Israeli Shekel,
Expiring 03/15/23   CITI   ILS 230   67,227   66,660   567   —
Japanese Yen,
Expiring 04/19/23   BOA   JPY 10,132   80,000   78,690   1,310   —
Expiring 04/19/23   HSBC   JPY 11,332   88,064   88,016   48   —
Expiring 04/19/23   JPM   JPY 9,497   75,000   73,758   1,242   —
Expiring 04/19/23   MSI   JPY 10,459   81,000   81,235   —   (235)
Malaysian Ringgit,
Expiring 03/15/23   BARC   MYR 98   22,197   23,071   —   (874)
17
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2023 (continued):
Sale
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts (cont’d.):
Malaysian Ringgit (cont’d.),
Expiring 03/15/23   MSI   MYR 571    $135,000    $134,507    $493    $—
Expiring 03/15/23   MSI   MYR 534   125,000   125,780   —   (780)
Mexican Peso,
Expiring 03/15/23   BARC   MXN 325   16,146   17,128   —   (982)
Expiring 03/15/23   CITI   MXN 1,220   61,018   64,292   —   (3,274)
Expiring 03/15/23   GSI   MXN 2,542   129,000   133,934   —   (4,934)
Expiring 03/15/23   HSBC   MXN 1,577   83,000   83,072   —   (72)
Expiring 03/15/23   SCB   MXN 8,585   452,826   452,383   443   —
New Taiwanese Dollar,
Expiring 03/15/23   BARC   TWD 1,312   42,849   43,950   —   (1,101)
Expiring 03/15/23   GSI   TWD 12,211   396,000   408,971   —   (12,971)
Expiring 03/15/23   GSI   TWD 476   15,487   15,926   —   (439)
Expiring 03/15/23   JPM   TWD 39,863   1,324,120   1,335,067   —   (10,947)
Expiring 03/15/23   MSI   TWD 1,430   46,851   47,905   —   (1,054)
Expiring 03/15/23   MSI   TWD 1,070   35,361   35,851   —   (490)
New Zealand Dollar,
Expiring 04/19/23   JPM   NZD 128   83,000   82,916   84   —
Peruvian Nuevo Sol,
Expiring 03/15/23   CITI   PEN 1,347   348,000   349,041   —   (1,041)
Philippine Peso,
Expiring 03/15/23   BOA   PHP 15,085   276,000   275,457   543   —
Expiring 03/15/23   JPM   PHP 17,420   311,000   318,089   —   (7,089)
Expiring 03/15/23   MSI   PHP 72,436   1,276,863   1,322,684   —   (45,821)
Expiring 03/15/23   MSI   PHP 24,000   438,276   438,238   38   —
Expiring 03/15/23   MSI   PHP 13,993   255,346   255,510   —   (164)
Expiring 03/15/23   MSI   PHP 6,970   127,654   127,272   382   —
Expiring 03/15/23   MSI   PHP 1,751   31,350   31,966   —   (616)
Expiring 03/15/23   SCB   PHP 23,348   426,000   426,332   —   (332)
Expiring 03/15/23   SCB   PHP 14,652   258,000   267,553   —   (9,553)
Polish Zloty,
Expiring 04/19/23   BARC   PLN 808   180,230   185,408   —   (5,178)
Expiring 04/19/23   BARC   PLN 397   88,770   91,181   —   (2,411)
Expiring 04/19/23   BARC   PLN 172   39,245   39,478   —   (233)
Expiring 04/19/23   BNP   PLN 1,779   408,761   408,341   420   —
Expiring 04/19/23   BOA   PLN 562   128,873   128,945   —   (72)
Expiring 04/19/23   CITI   PLN 867   197,000   198,907   —   (1,907)
Expiring 04/19/23   JPM   PLN 327   74,328   75,109   —   (781)
Expiring 04/19/23   JPM   PLN 187   42,507   42,993   —   (486)
Expiring 04/19/23   MSI   PLN 5,000   1,136,805   1,147,534   —   (10,729)
Expiring 04/19/23   MSI   PLN 1,434   328,000   329,063   —   (1,063)
Serbian Dinar,
Expiring 03/15/23   CITI   RSD 4,845   43,847   44,879   —   (1,032)
18
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Forward foreign currency exchange contracts outstanding at January 31, 2023 (continued):
Sale
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts (cont’d.):
Singapore Dollar,
Expiring 03/15/23   HSBC   SGD 453    $337,000    $345,490    $—    $(8,490)
Expiring 03/15/23   JPM   SGD 145   110,000   110,795   —   (795)
South African Rand,
Expiring 03/15/23   BARC   ZAR 2,517   147,473   144,083   3,390   —
Expiring 03/15/23   BARC   ZAR 1,020   58,983   58,376   607   —
Expiring 03/15/23   BARC   ZAR 891   50,957   51,005   —   (48)
Expiring 03/15/23   BARC   ZAR 546   30,600   31,263   —   (663)
Expiring 03/15/23   BOA   ZAR 4,044   239,000   231,522   7,478   —
Expiring 03/15/23   JPM   ZAR 4,029   239,787   230,658   9,129   —
Expiring 03/15/23   JPM   ZAR 2,890   170,000   165,481   4,519   —
Expiring 03/15/23   JPM   ZAR 2,210   127,803   126,520   1,283   —
Expiring 03/15/23   MSI   ZAR 1,694   95,994   96,968   —   (974)
Expiring 03/15/23   MSI   ZAR 1,398   80,000   80,031   —   (31)
South Korean Won,
Expiring 03/15/23   BARC   KRW 96,053   75,000   78,002   —   (3,002)
Expiring 03/15/23   CITI   KRW 97,838   75,000   79,451   —   (4,451)
Expiring 03/15/23   GSI   KRW 288,345   235,000   234,157   843   —
Expiring 03/15/23   JPM   KRW 114,215   89,000   92,751   —   (3,751)
Expiring 03/15/23   JPM   KRW 100,207   81,000   81,375   —   (375)
Expiring 03/15/23   MSI   KRW 102,306   83,000   83,080   —   (80)
Expiring 03/15/23   MSI   KRW 98,434   79,000   79,936   —   (936)
Expiring 03/15/23   SCB   KRW 97,335   75,000   79,043   —   (4,043)
Thai Baht,
Expiring 03/15/23   BARC   THB 594   17,159   18,060   —   (901)
Expiring 03/15/23   CITI   THB 5,878   170,000   178,866   —   (8,866)
Expiring 03/15/23   GSI   THB 12,627   360,265   384,235   —   (23,970)
Expiring 03/15/23   GSI   THB 8,898   248,000   270,772   —   (22,772)
Expiring 03/15/23   GSI   THB 3,965   113,542   120,665   —   (7,123)
Expiring 03/15/23   HSBC   THB 2,681   82,000   81,572   428   —
Expiring 03/15/23   HSBC   THB 2,653   81,000   80,735   265   —
Expiring 03/15/23   SCB   THB 7,662   214,000   233,142   —   (19,142)
              $23,500,684   $23,889,872   37,934   (427,122)
                      $727,266   $(525,387)
19
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Cross currency exchange contracts outstanding at January 31, 2023:
Settlement   Type   Notional
Amount
(000) 		  In Exchange
For (000) 		  Unrealized
Appreciation 		  Unrealized
Depreciation 		  Counterparty
OTC Cross Currency Exchange Contracts:
03/15/23   Buy   ZAR 1,390   EUR 74    $—    $(1,112)   MSI
04/19/23   Buy   EUR 151   JPY 20,870   2,868   —   BARC
04/19/23   Buy   EUR 256   PLN 1,219   —   (504)   CITI
04/19/23   Buy   HUF 41,356   EUR 102   726   —   JPM
04/19/23   Buy   PLN 782   EUR 164   —   (16)   MSI
04/19/23   Buy   PLN 815   EUR 171   —   (209)   BOA
                    $3,594   $(1,841)    
Credit default swap agreements outstanding at January 31, 2023:
Reference
Entity/
Obligation 		Termination
Date 		  Fixed
Rate 		  Notional
Amount
(000)#(3) 		  Implied Credit
Spread at
January 31,
2023(4) 		  Value at
Trade Date 		  Value at
January 31,
2023 		  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):
CDX.EM.38.V1 12/20/27   1.000%(Q)     904   2.216%   $(53,661)   $(45,084)   $8,577
The Fund entered into credit default swaps (“CDS”) to provide a measure of protection against defaults or to take an active long or short position with respect to the likelihood of a particular issuer’s default or the reference entity’s credit soundness. CDS contracts generally trade based on a spread which represents the cost a protection buyer has to pay the protection seller. The protection buyer is said to be short the credit as the value of the contract rises the more the credit deteriorates. The value of the CDS contract increases for the protection buyer if the spread increases.
(1) If the Fund is a buyer of protection, it pays the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and make delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(2) If the Fund is a seller of protection, it receives the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(3) Notional amount represents the maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.
20
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
(4) Implied credit spreads, represented in absolute terms, utilized in determining the fair value of credit default swap agreements where the Fund is the seller of protection as of the reporting date serve as an indicator of the current status of the payment/ performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include up-front payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement.
Interest rate swap agreements outstanding at January 31, 2023:
Notional
Amount
(000)# 		  Termination
Date 		  Fixed
Rate 		  Floating
Rate 		  Value at
Trade Date 		  Value at
January 31,
2023 		  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements:
BRL 1,374   01/02/24   4.590%(T)   1 Day BROIS(2)(T)/ 0.051%    $—    $(42,891)    $(42,891)
BRL 1,478   01/02/25   5.840%(T)   1 Day BROIS(2)(T)/ 0.051%   —   (48,524)   (48,524)
BRL 2,354   01/02/25   7.950%(T)   1 Day BROIS(2)(T)/ 0.051%   —   (60,806)   (60,806)
BRL 2,677   01/02/25   11.675%(T)   1 Day BROIS(2)(T)/ 0.051%   —   (12,674)   (12,674)
BRL 3,151   01/02/25   11.840%(T)   1 Day BROIS(2)(T)/ 0.051%   —   (15,147)   (15,147)
BRL 2,674   01/02/25   11.880%(T)   1 Day BROIS(2)(T)/ 0.051%   —   (12,841)   (12,841)
BRL 3,354   01/02/25   12.050%(T)   1 Day BROIS(2)(T)/ 0.051%   —   (15,382)   (15,382)
BRL 668   01/04/27   6.325%(T)   1 Day BROIS(2)(T)/ 0.051%   —   (35,603)   (35,603)
BRL 1,056   01/04/27   6.529%(T)   1 Day BROIS(2)(T)/ 0.051%   —   (53,657)   (53,657)
BRL 744   01/04/27   9.300%(T)   1 Day BROIS(1)(T)/ 0.051%   —   23,219   23,219
BRL 413   01/04/27   11.680%(T)   1 Day BROIS(2)(T)/ 0.051%   364   (4,213)   (4,577)
BRL 1,688   01/04/27   11.755%(T)   1 Day BROIS(2)(T)/ 0.051%   —   (13,030)   (13,030)
BRL 1,574   01/04/27   12.503%(T)   1 Day BROIS(2)(T)/ 0.051%   —   (1,985)   (1,985)
BRL 518   01/04/27   13.270%(T)   1 Day BROIS(1)(T)/ 0.051%   —   (2,146)   (2,146)
CLP 976,025   03/15/25   6.520%(S)   1 Day CLOIS(1)(S)/ 11.250%   3,345   9,141   5,796
CLP 182,490   03/15/28   5.370%(S)   1 Day CLOIS(1)(S)/ 11.250%   —   1,047   1,047
CLP 149,656   12/21/32   6.780%(S)   1 Day CLOIS(1)(S)/ 11.250%   (2,329)   (21,002)   (18,673)
21
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2023 (continued):
Notional
Amount
(000)# 		  Termination
Date 		  Fixed
Rate 		  Floating
Rate 		  Value at
Trade Date 		  Value at
January 31,
2023 		  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements (cont’d.):
CLP 162,000   01/11/33   5.120%(S)   1 Day CLOIS(1)(S)/ 11.250%    $—    $2,714    $2,714
CLP 278,510   03/15/33   5.100%(S)   1 Day CLOIS(1)(S)/ 11.250%   2,000   2,724   724
CNH 3,000   07/28/27   2.438%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 2.200%   —   (7,464)   (7,464)
CNH 2,767   12/15/27   2.680%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 2.200%   —   (3,482)   (3,482)
COP 950,000   12/12/23   5.530%(Q)   1 Day COOIS(2)(Q)/ 11.815%   —   (12,358)   (12,358)
COP 4,620,270   03/15/25   10.655%(Q)   1 Day COOIS(2)(Q)/ 11.815%   —   1,107   1,107
COP 1,885,950   03/15/25   10.769%(Q)   1 Day COOIS(2)(Q)/ 11.815%   —   1,261   1,261
COP 2,970,730   03/15/25   11.030%(Q)   1 Day COOIS(2)(Q)/ 11.815%   —   4,903   4,903
COP 1,382,980   06/15/27   8.230%(Q)   1 Day COOIS(2)(Q)/ 11.815%   (6,003)   (16,613)   (10,610)
COP 2,065,890   09/21/27   9.200%(Q)   1 Day COOIS(1)(Q)/ 11.815%   (154)   8,868   9,022
COP 363,880   11/04/27   11.300%(Q)   1 Day COOIS(1)(Q)/ 11.815%   —   (4,779)   (4,779)
COP 236,760   12/21/27   10.125%(Q)   1 Day COOIS(1)(Q)/ 11.815%   —   (852)   (852)
COP 1,416,700   12/21/27   10.187%(Q)   1 Day COOIS(1)(Q)/ 11.815%   447   (5,824)   (6,271)
COP 1,047,000   12/21/27   10.960%(Q)   1 Day COOIS(1)(Q)/ 11.815%   —   (11,022)   (11,022)
COP 1,081,990   12/21/27   11.966%(Q)   1 Day COOIS(1)(Q)/ 11.815%   —   (20,425)   (20,425)
22
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2023 (continued):
Notional
Amount
(000)# 		  Termination
Date 		  Fixed
Rate 		  Floating
Rate 		  Value at
Trade Date 		  Value at
January 31,
2023 		  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements (cont’d.):
COP 752,790   03/15/28   9.660%(Q)   1 Day COOIS(2)(Q)/ 11.815%    $—    $801    $801
COP 211,800   11/09/31   6.650%(Q)   1 Day COOIS(2)(Q)/ 11.815%   —   (7,492)   (7,492)
COP 1,356,820   03/15/33   9.535%(Q)   1 Day COOIS(1)(Q)/ 11.815%   —   (3,089)   (3,089)
CZK 9,124   03/15/28   4.630%(A)   6 Month PRIBOR(1)(S)/ 7.220%   —   1,371   1,371
CZK 6,507   06/15/31   1.730%(A)   6 Month PRIBOR(2)(S)/ 7.220%   —   (57,059)   (57,059)
HUF 157,860   09/03/26   2.660%(A)   6 Month BUBOR(1)(S)/ 15.600%   5,523   108,289   102,766
HUF 150,000   03/17/27   6.250%(A)   6 Month BUBOR(1)(S)/ 15.600%   —   39,660   39,660
ILS 2,290   01/12/28   3.210%(A)   3 Month TELBOR(2)(Q)/ 3.930%   —   (1,579)   (1,579)
KRW 496,507   09/21/27   3.087%(Q)   3 Month KWCDC(2)(Q)/ 3.540%   (828)   (1,669)   (841)
KRW 600,000   09/21/27   3.639%(Q)   3 Month KWCDC(1)(Q)/ 3.540%   (5,405)   (9,906)   (4,501)
KRW 2,200,000   12/21/27   4.197%(Q)   3 Month KWCDC(2)(Q)/ 3.540%   92,574   85,560   (7,014)
KRW 600,000   03/15/28   2.965%(Q)   3 Month KWCDC(2)(Q)/ 3.540%   —   (3,269)   (3,269)
KRW 300,000   03/15/28   3.100%(Q)   3 Month KWCDC(2)(Q)/ 3.540%   —   (116)   (116)
MXN 14,446   03/11/26   4.845%(M)   28 Day Mexican Interbank Rate(2)(M)/ 10.797%   (9,561)   (86,776)   (77,215)
23
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2023 (continued):
Notional
Amount
(000)# 		  Termination
Date 		  Fixed
Rate 		  Floating
Rate 		  Value at
Trade Date 		  Value at
January 31,
2023 		  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements (cont’d.):
MXN 124   06/09/27   8.543%(M)   28 Day Mexican Interbank Rate(1)(M)/ 10.797%    $71    $13    $(58)
MXN 4,906   12/15/27   8.535%(M)   28 Day Mexican Interbank Rate(2)(M)/ 10.797%   —   (29)   (29)
MXN 10,145   03/08/28   8.150%(M)   28 Day Mexican Interbank Rate(2)(M)/ 10.797%   (1,007)   (5,851)   (4,844)
MXN 15,540   03/08/28   8.421%(M)   28 Day Mexican Interbank Rate(2)(M)/ 10.797%   —   (33)   (33)
MXN 5,950   03/08/28   8.475%(M)   28 Day Mexican Interbank Rate(1)(M)/ 10.797%   (1,342)   (668)   674
MXN 5,346   01/28/30   6.640%(M)   28 Day Mexican Interbank Rate(2)(M)/ 10.797%   (29,411)   (27,130)   2,281
MXN 4,450   07/24/31   6.780%(M)   28 Day Mexican Interbank Rate(2)(M)/ 10.797%   —   (23,378)   (23,378)
MXN 7,950   12/08/32   9.320%(M)   28 Day Mexican Interbank Rate(2)(M)/ 10.797%   12,391   25,411   13,020
PLN 2,450   10/05/23   1.350%(A)   6 Month WIBOR(1)(S)/ 6.990%   —   32,308   32,308
PLN 2,450   10/05/23   1.375%(A)   6 Month WIBOR(1)(S)/ 6.990%   —   32,173   32,173
PLN 2,360   12/15/23   2.400%(A)   6 Month WIBOR(1)(S)/ 6.990%   —   24,712   24,712
24
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2023 (continued):
Notional
Amount
(000)# 		  Termination
Date 		  Fixed
Rate 		  Floating
Rate 		  Value at
Trade Date 		  Value at
January 31,
2023 		  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements (cont’d.):
PLN 2,700   07/24/24   1.798%(A)   6 Month WIBOR(2)(S)/ 6.990%    $—    $(36,737)    $(36,737)
PLN 930   02/01/25   4.300%(A)   6 Month WIBOR(1)(S)/ 6.990%   —   6,731   6,731
PLN 2,730   09/08/25   0.637%(A)   6 Month WIBOR(2)(S)/ 6.990%   (1,988)   (94,935)   (92,947)
PLN 3,460   04/07/27   5.405%(A)   6 Month WIBOR(1)(S)/ 6.990%   —   (12,177)   (12,177)
PLN 1,186   06/15/27   4.970%(A)   6 Month WIBOR(2)(S)/ 6.990%   (16,229)   389   16,618
PLN 1,670   08/02/27   5.680%(A)   6 Month WIBOR(2)(S)/ 6.990%   —   (343)   (343)
PLN 4,830   09/21/27   6.632%(A)   6 Month WIBOR(1)(S)/ 6.990%   (15,532)   (47,196)   (31,664)
PLN 1,434   10/06/27   6.826%(A)   6 Month WIBOR(2)(S)/ 6.990%   —   16,720   16,720
PLN 1,970   10/25/27   7.900%(A)   6 Month WIBOR(2)(S)/ 6.990%   —   43,679   43,679
PLN 1,185   12/21/27   6.845%(A)   6 Month WIBOR(2)(S)/ 6.990%   11,331   15,382   4,051
PLN 1,610   03/15/28   5.258%(A)   6 Month WIBOR(1)(S)/ 6.990%   —   1,658   1,658
PLN 700   06/17/31   1.745%(A)   6 Month WIBOR(1)(S)/ 6.990%   —   36,649   36,649
PLN 271   05/10/32   6.410%(A)   6 Month WIBOR(1)(S)/ 6.990%   —   (6,275)   (6,275)
ZAR 5,789   08/21/25   4.978%(Q)   3 Month JIBAR(2)(Q)/ 7.467%   (8,190)   (18,739)   (10,549)
25
PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2023 (continued):
Notional
Amount
(000)# 		  Termination
Date 		  Fixed
Rate 		  Floating
Rate 		  Value at
Trade Date 		  Value at
January 31,
2023 		  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements (cont’d.):
ZAR 2,808   03/16/27   6.960%(Q)   3 Month JIBAR(1)(Q)/ 7.467%    $5,758    $3,140    $(2,618)
ZAR 1,744   09/21/27   7.490%(Q)   3 Month JIBAR(2)(Q)/ 7.467%   (3,843)   (421)   3,422
ZAR 19,350   09/21/27   8.280%(Q)   3 Month JIBAR(1)(Q)/ 7.467%   1,025   (30,515)   (31,540)
ZAR 6,460   12/21/27   8.615%(Q)   3 Month JIBAR(2)(Q)/ 7.467%   —   15,013   15,013
ZAR 3,900   12/21/27   8.860%(Q)   3 Month JIBAR(1)(Q)/ 7.467%   (1,108)   (11,357)   (10,249)
ZAR 6,854   03/15/28   7.646%(Q)   3 Month JIBAR(2)(Q)/ 7.467%   —   (1,248)   (1,248)
ZAR 8,868   03/15/28   7.766%(Q)   3 Month JIBAR(1)(Q)/ 7.467%   —   (895)   (895)
ZAR 3,244   04/13/31   7.530%(Q)   3 Month JIBAR(2)(Q)/ 7.467%   (41)   (10,032)   (9,991)
ZAR 6,680   07/13/31   7.415%(Q)   3 Month JIBAR(1)(Q)/ 7.467%   93   24,935   24,842
ZAR 6,610   09/27/31   7.493%(Q)   3 Month JIBAR(1)(Q)/ 7.467%   1,662   24,098   22,436
ZAR 4,635   01/04/32   7.595%(Q)   3 Month JIBAR(1)(Q)/ 7.467%   5,064   16,278   11,214
ZAR 2,682   11/10/32   9.160%(Q)   3 Month JIBAR(2)(Q)/ 7.467%   (11)   5,826   5,837
                    $38,666   $(305,854)   $(344,520)
    
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PGIM Emerging Markets Debt Local Currency Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Interest rate swap agreements outstanding at January 31, 2023 (continued):
Notional
Amount
(000)# 		  Termination
Date 		  Fixed
Rate 		  Floating
Rate 		  Fair
Value 		  Upfront
Premiums
Paid(Received) 		  Unrealized
Appreciation
(Depreciation) 		  Counterparty
OTC Interest Rate Swap Agreements:
MYR 2,300   07/21/27   3.640%(Q)   3 Month KLIBOR(2)(Q)/ 3.680%    $3,014    $(12)    $3,026   GSI
MYR 3,000   07/29/27   3.500%(Q)   3 Month KLIBOR(2)(Q)/ 3.680%   45   (13)   58   JPM
MYR 770   03/15/28   3.710%(Q)   3 Month KLIBOR(1)(Q)/ 3.680%   (1,382)   —   (1,382)   MSI
MYR 1,900   03/15/28   3.713%(Q)   3 Month KLIBOR(1)(Q)/ 3.680%   (3,468)   —   (3,468)   BOA
                  $(1,791)   $(25)   $(1,766)    
    
(1) The Fund pays the fixed rate and receives the floating rate.
(2) The Fund pays the floating rate and receives the fixed rate.
Other information regarding the Fund is available in the Fund’s most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
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