Form N-Q PRUDENTIAL Government For: Oct 31
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
| Investment Company Act file number: |
811-02619 | |
| Exact name of registrant as specified in charter: |
Prudential Government Money Market Fund, Inc. | |
| Address of principal executive offices: |
655 Broad Street, 17th Floor, | |
| Newark, New Jersey 07102 | ||
| Name and address of agent for service: |
Andrew R. French | |
| 655 Broad Street, 17th Floor, | ||
| Newark, New Jersey 07102 | ||
| Registrants telephone number, including area code: |
800-225-1852 | |
| Date of fiscal year end: |
7/31/2019 | |
| Date of reporting period: |
10/31/2018 | |
Item 1. Schedule of Investments
| Description | Principal
Amount (000)# |
Value | |||
| Repurchase Agreements(m) 6.8% | |||||
| Credit Agricole Corporate & Investment Bank, | |||||
| 2.20%, dated 10/31/18, due 11/06/18 in the amount of $15,006,417 | 15,000 | $ 15,000,000 | |||
| 2.21%, dated 10/31/18, due 11/07/18 in the amount of $16,006,876 | 16,000 | 16,000,000 | |||
| Merrill
Lynch, 2.21%, dated 10/31/18, due 11/01/18 in the amount of $1,984,122 |
1,984 | 1,984,000 | |||
| Total
Repurchase Agreements (cost $32,984,000) |
32,984,000 | ||||
| Interest
Rate |
Maturity
Date |
||||||
| U.S. Government Agency Obligations 83.4% | |||||||
| Federal Farm Credit Bank | 2.139 %(s) | 11/26/18 | 4,000 | 3,994,167 | |||
| Federal Farm Credit Bank | 2.170(cc) | 01/15/19 | 6,000 | 6,000,000 | |||
| Federal Farm Credit Bank | 2.174(cc) | 04/04/19 | 15,000 | 14,999,367 | |||
| Federal Farm Credit Bank | 2.225(cc) | 01/28/20 | 8,000 | 8,000,000 | |||
| Federal Farm Credit Bank | 2.236(cc) | 02/25/20 | 4,000 | 4,000,000 | |||
| Federal Farm Credit Bank | 2.421(cc) | 01/02/19 | 6,000 | 6,002,901 | |||
| Federal Home Loan Bank | 1.268(s) | 11/21/18 | 9,000 | 8,989,635 | |||
| Federal Home Loan Bank | 2.061(cc) | 02/01/19 | 3,000 | 3,000,000 | |||
| Federal Home Loan Bank | 2.092(cc) | 08/23/19 | 8,000 | 8,000,000 | |||
| Federal Home Loan Bank | 2.118(s) | 11/14/18 | 14,175 | 14,164,353 | |||
| Federal Home Loan Bank | 2.152(cc) | 12/10/18 | 7,000 | 7,000,000 | |||
| Federal Home Loan Bank | 2.157(s) | 11/16/18 | 6,000 | 5,994,700 | |||
| Federal Home Loan Bank | 2.166(cc) | 02/25/19 | 9,000 | 9,000,000 | |||
| Federal Home Loan Bank | 2.172(cc) | 12/24/18 | 15,000 | 15,000,226 | |||
| Federal Home Loan Bank | 2.180(cc) | 12/21/18 | 11,000 | 11,000,000 | |||
| Federal Home Loan Bank | 2.189(s) | 12/05/18 | 17,000 | 16,965,481 | |||
| Federal Home Loan Bank | 2.194(cc) | 02/04/19 | 7,000 | 7,000,000 | |||
| Federal Home Loan Bank | 2.202(cc) | 11/23/18 | 6,000 | 5,999,988 | |||
| Federal Home Loan Bank | 2.218(s) | 12/14/18 | 14,000 | 13,963,562 | |||
| Federal Home Loan Bank | 2.218(s) | 12/17/18 | 21,000 | 20,941,324 | |||
| Federal Home Loan Bank | 2.221(s) | 12/18/18 | 8,000 | 7,977,231 | |||
| Federal Home Loan Bank | 2.223(s) | 12/03/18 | 6,000 | 5,988,347 | |||
| Federal Home Loan Bank | 2.223(s) | 12/19/18 | 32,000 | 31,906,853 | |||
| Federal Home Loan Bank | 2.226(s) | 11/30/18 | 6,000 | 5,989,415 | |||
| Federal Home Loan Bank | 2.230(s) | 12/06/18 | 39,000 | 38,916,817 | |||
| Federal Home Loan Bank | 2.231(s) | 12/20/18 | 8,000 | 7,976,153 | |||
| Federal Home Loan Bank | 2.233(s) | 12/07/18 | 7,000 | 6,984,635 | |||
| Federal Home Loan Bank | 2.233(s) | 12/12/18 | 26,000 | 25,935,004 | |||
| Federal Home Loan Bank | 2.235(cc) | 03/28/19 | 6,000 | 6,000,000 | |||
| Federal Home Loan Bank | 2.239(s) | 12/21/18 | 14,000 | 13,957,222 | |||
| Description | Interest
Rate |
Maturity
Date |
PrincipalAmount (000)# | Value | |
| U.S. Government Agency Obligations (Continued) | |||||
| Federal Home Loan Bank | 2.351 %(s) | 01/25/19 | 7,000 | $ 6,961,903 | |
| Federal Home Loan Mortgage Corp. | 0.950 | 01/30/19 | 6,000 | 5,981,227 | |
| Federal Home Loan Mortgage Corp. | 2.122(cc) | 11/09/18 | 5,000 | 4,999,993 | |
| Federal Home Loan Mortgage Corp. | 2.162(s) | 12/19/18 | 8,000 | 7,977,387 | |
| Federal Home Loan Mortgage Corp. | 2.162(s) | 12/20/18 | 8,000 | 7,976,916 | |
| Federal Home Loan Mortgage Corp., MTN | 2.086(cc) | 08/27/19 | 6,000 | 6,000,000 | |
| Federal Home Loan Mortgage Corp., MTN | 2.170(cc) | 11/27/18 | 5,000 | 5,000,000 | |
| Federal Home Loan Mortgage Corp., MTN | 2.181(cc) | 08/08/19 | 6,000 | 6,000,000 | |
| Federal Home Loan Mortgage Corp., MTN | 2.187(cc) | 03/18/19 | 3,000 | 3,000,000 | |
| Federal National Mortgage Assoc. | 2.218(s) | 12/17/18 | 7,000 | 6,980,501 | |
| Total
U.S. Government Agency Obligations (cost $402,525,308) |
402,525,308 | ||||
| U.S. Treasury Obligations 11.4% | |||||
| U.S. Treasury Bills | 2.147(s) | 01/10/19 | 8,000 | 7,967,411 | |
| U.S. Treasury Bills | 2.205(s) | 11/29/18 | 7,000 | 6,988,180 | |
| U.S. Treasury Bills | 2.209(s) | 12/11/18 | 26,000 | 25,937,238 | |
| U.S. Treasury Bills | 2.224(s) | 12/18/18 | 6,000 | 5,982,870 | |
| U.S. Treasury Bills | 2.227(s) | 02/07/19 | 8,000 | 7,952,699 | |
| Total
U.S. Treasury Obligations (cost $54,828,398) |
54,828,398 | ||||
| TOTAL
INVESTMENTS 101.6% (amortized cost $490,337,706)(d) |
490,337,706 | ||||
| Liabilities in excess of other assets (1.6)% | (7,832,742) | ||||
| Net Assets 100.0% | $ 482,504,964 | ||||
| The following abbreviations are used in the quarterly schedule of portfolio holdings: |
| MTN—Medium Term Note |
| # | Principal amount is shown in U.S. dollars unless otherwise stated. |
| (cc) | Variable rate instrument. The rate shown is based on the latest available information as of October 31, 2018. 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) | The cost of securities for federal income tax purposes is substantially the same as for financial reporting purposes. |
| (m) | Repurchase agreements are collateralized by Government National Mortgage Association (coupon rate 3.500%, maturity date 02/20/48) and Federal National Mortgage Association (coupon rates 4.000%, maturity dates 08/01/47) with the aggregate value, including accrued interest, of $33,643,681. |
| (s) | Represents zero coupon bond or principal only security. Rate represents yield to maturity at purchase date. |
| Level 1 | Level 2 | Level 3 | |||
| Investments in Securities | |||||
|
Repurchase
Agreements |
$— | $ 32,984,000 | $— | ||
|
U.S. Government Agency
Obligations |
— | 402,525,308 | — | ||
|
U.S. Treasury
Obligations |
— | 54,828,398 | — | ||
| Total | $— | $490,337,706 | $— |
Item 2. Controls and Procedures
| (a) | It is the conclusion of the registrants principal executive officer and principal financial officer that the effectiveness of the registrants 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 Commissions rules and forms and that the information required to be disclosed by the registrant has been accumulated and communicated to the registrants 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 registrants 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 Government Money Market Fund, Inc.
| By (Signature and Title)* | /s/ Andrew R. French | |||
| Andrew R. French | ||||
| Secretary of the Fund |
Date December 14, 2018
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/ Stuart S. Parker | |||
| Stuart S. Parker | ||||
| President and Principal Executive Officer |
Date December 14, 2018
| By (Signature and Title)* | /s/ Brian D. Nee | |||
| Brian D. Nee | ||||
| Treasurer and Principal Financial and Accounting Officer |
Date December 14, 2018
* Print the name and title of each signing officer under his or her signature.
CERTIFICATIONS
I, Stuart S. Parker, certify that:
| 1. | I have reviewed this report on Form N-Q of Prudential Government Money Market Fund, Inc.; |
| 2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
| 3. | Based on my knowledge, the schedule of investments included in this report fairly presents in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; |
| 4. | The registrants other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: |
| (a) | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
| (b) | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
| (c) | Evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and |
| (d) | Disclosed in this report any change in the registrants internal control over financial reporting that occurred during the registrants most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and |
| 5. | The registrants other certifying officer(s) and I have disclosed to the registrants auditors and the audit committee of the registrants board of directors (or persons performing the equivalent functions): |
| (a) | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize, and report financial information; and |
| (b) | Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrants internal control over financial reporting. |
| Date: December 14, 2018 |
/s/ Stuart S. Parker | |||
| Stuart S. Parker | ||||
| President and Principal | ||||
| Executive Officer |
CERTIFICATIONS
I, Brian D. Nee, certify that:
| 1. | I have reviewed this report on Form N-Q of Prudential Government Money Market Fund, Inc; |
| 2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
| 3. | Based on my knowledge, the schedule of investments included in this report fairly presents in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; |
| 4. | The registrants other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: |
| (a) | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
| (b) | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
| (c) | Evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and |
| (d) | Disclosed in this report any change in the registrants internal control over financial reporting that occurred during the registrants most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and |
| 5. | The registrants other certifying officer(s) and I have disclosed to the registrants auditors and the audit committee of the registrants board of directors (or persons performing the equivalent functions): |
| (a) | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize, and report financial information; and |
| (b) | Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrants internal control over financial reporting. |
| Date: December 14, 2018 |
/s/ Brian D. Nee | |||
| Brian D. Nee | ||||
| Treasurer and Principal | ||||
| Financial and Accounting Officer |
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