PGIM QMA Mid-Cap Value Fund
Schedule of Investments as of January 31,
2021 (unaudited)
Description | Shares | Value | |||
Long-Term Investments 99.9% | |||||
Common Stocks 99.3% | |||||
Aerospace & Defense 0.4% | |||||
Textron, Inc. | 17,700 | $801,102 | |||
Auto Components 0.6% | |||||
BorgWarner, Inc.(a) | 30,600 | 1,284,894 | |||
Automobiles 1.3% | |||||
Ford Motor Co.* | 274,400 | 2,889,432 | |||
Banks 9.1% | |||||
Associated Banc-Corp. | 22,300 | 400,062 | |||
Bank OZK | 12,700 | 471,932 | |||
BOK Financial Corp. | 4,600 | 339,756 | |||
Citizens Financial Group, Inc. | 54,000 | 1,967,760 | |||
Comerica, Inc. | 29,600 | 1,693,120 | |||
Fifth Third Bancorp | 74,533 | 2,156,240 | |||
First Hawaiian, Inc. | 4,600 | 106,950 | |||
First Horizon Corp. | 40,400 | 561,156 | |||
FNB Corp. | 25,400 | 250,444 | |||
Huntington Bancshares, Inc. | 109,100 | 1,442,847 | |||
KeyCorp | 118,400 | 1,996,224 | |||
M&T Bank Corp. | 15,200 | 2,013,544 | |||
PacWest Bancorp | 11,600 | 350,204 | |||
People’s United Financial, Inc. | 79,500 | 1,085,970 | |||
Pinnacle Financial Partners, Inc. | 3,900 | 267,267 | |||
Popular, Inc. (Puerto Rico) | 8,800 | 499,400 | |||
Prosperity Bancshares, Inc. | 9,200 | 620,448 | |||
Regions Financial Corp. | 102,500 | 1,743,525 | |||
Sterling Bancorp | 14,500 | 267,670 | |||
Synovus Financial Corp. | 11,300 | 420,360 | |||
Wintrust Financial Corp. | 5,000 | 300,950 | |||
Zions Bancorp NA | 19,400 | 856,316 | |||
19,812,145 | |||||
Beverages 0.8% | |||||
Molson Coors Beverage Co. (Class B Stock) | 33,700 | 1,690,392 | |||
Building Products 1.2% | |||||
Johnson Controls International PLC | 33,200 | 1,654,024 | |||
Owens Corning | 12,800 | 993,280 | |||
2,647,304 |
1
PGIM QMA Mid-Cap Value Fund
Schedule of Investments as of January 31,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Capital Markets 2.2% | |||||
Franklin Resources, Inc. | 28,500 | $749,265 | |||
Invesco Ltd. | 81,700 | 1,682,203 | |||
State Street Corp. | 32,800 | 2,296,000 | |||
4,727,468 | |||||
Chemicals 3.8% | |||||
CF Industries Holdings, Inc. | 1,000 | 41,380 | |||
Corteva, Inc. | 62,900 | 2,507,194 | |||
Eastman Chemical Co. | 19,300 | 1,898,155 | |||
LyondellBasell Industries NV (Class A Stock) | 18,700 | 1,603,712 | |||
Mosaic Co. (The) | 66,300 | 1,721,148 | |||
Westlake Chemical Corp. | 7,300 | 558,158 | |||
8,329,747 | |||||
Commercial Services & Supplies 0.5% | |||||
ADT, Inc. | 128,477 | 1,160,147 | |||
Communications Equipment 0.0% | |||||
Viasat, Inc.* | 1,600 | 69,664 | |||
Consumer Finance 1.7% | |||||
Ally Financial, Inc. | 51,259 | 1,939,641 | |||
Synchrony Financial | 48,800 | 1,642,120 | |||
3,581,761 | |||||
Containers & Packaging 1.8% | |||||
International Paper Co. | 42,800 | 2,153,268 | |||
Westrock Co. | 43,600 | 1,806,348 | |||
3,959,616 | |||||
Distributors 0.2% | |||||
LKQ Corp.* | 9,100 | 319,319 | |||
Diversified Consumer Services 0.7% | |||||
Graham Holdings Co. (Class B Stock) | 2,700 | 1,533,897 | |||
Diversified Financial Services 1.8% | |||||
Equitable Holdings, Inc. | 71,100 | 1,761,858 |
2
PGIM QMA Mid-Cap Value Fund
Schedule of Investments as of January 31,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Diversified Financial Services (cont’d.) | |||||
Jefferies Financial Group, Inc. | 50,300 | $1,174,505 | |||
Voya Financial, Inc. | 17,202 | 954,023 | |||
3,890,386 | |||||
Diversified Telecommunication Services 0.6% | |||||
Lumen Technologies, Inc. | 99,400 | 1,230,572 | |||
Electric Utilities 6.2% | |||||
Avangrid, Inc. | 28,100 | 1,300,187 | |||
Edison International | 36,800 | 2,140,288 | |||
Entergy Corp. | 3,900 | 371,787 | |||
Evergy, Inc. | 34,600 | 1,859,058 | |||
Eversource Energy | 10,100 | 883,750 | |||
FirstEnergy Corp. | 27,300 | 839,748 | |||
OGE Energy Corp. | 18,500 | 564,620 | |||
Pinnacle West Capital Corp. | 21,100 | 1,587,775 | |||
PPL Corp. | 77,500 | 2,144,425 | |||
Xcel Energy, Inc. | 27,400 | 1,753,326 | |||
13,444,964 | |||||
Electrical Equipment 0.1% | |||||
nVent Electric PLC | 8,800 | 196,944 | |||
Electronic Equipment, Instruments & Components 2.2% | |||||
Arrow Electronics, Inc.* | 16,900 | 1,649,947 | |||
Avnet, Inc. | 43,100 | 1,521,861 | |||
Corning, Inc. | 21,500 | 771,205 | |||
SYNNEX Corp. | 10,000 | 816,200 | |||
4,759,213 | |||||
Energy Equipment & Services 1.4% | |||||
Baker Hughes Co. | 58,900 | 1,183,301 | |||
Halliburton Co. | 54,700 | 964,361 | |||
Helmerich & Payne, Inc. | 3,000 | 72,840 | |||
NOV, Inc. | 72,200 | 893,836 | |||
3,114,338 | |||||
Equity Real Estate Investment Trusts (REITs) 9.9% | |||||
Apple Hospitality REIT, Inc. | 112,200 | 1,400,256 | |||
AvalonBay Communities, Inc. | 2,900 | 474,643 | |||
Brandywine Realty Trust | 131,800 | 1,449,800 |
3
PGIM QMA Mid-Cap Value Fund
Schedule of Investments as of January 31,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Equity Real Estate Investment Trusts (REITs) (cont’d.) | |||||
Cousins Properties, Inc. | 25,700 | $810,578 | |||
Empire State Realty Trust, Inc. (Class A Stock) | 49,200 | 485,112 | |||
EPR Properties | 37,300 | 1,478,572 | |||
Equity Residential | 8,200 | 505,448 | |||
Hudson Pacific Properties, Inc. | 26,500 | 621,160 | |||
Kimco Realty Corp. | 75,761 | 1,250,814 | |||
Medical Properties Trust, Inc. | 47,869 | 1,010,515 | |||
Paramount Group, Inc. | 166,600 | 1,481,074 | |||
Realty Income Corp. | 3,500 | 206,710 | |||
Regency Centers Corp. | 10,900 | 514,262 | |||
SL Green Realty Corp. | 23,372 | 1,577,143 | |||
Ventas, Inc. | 20,500 | 944,435 | |||
VEREIT, Inc. | 47,701 | 1,680,506 | |||
VICI Properties, Inc. | 75,600 | 1,911,168 | |||
Vornado Realty Trust | 41,700 | 1,657,992 | |||
Welltower, Inc. | 31,800 | 1,927,080 | |||
WP Carey, Inc. | 1,400 | 92,960 | |||
21,480,228 | |||||
Food & Staples Retailing 1.1% | |||||
Kroger Co. (The) | 67,700 | 2,335,650 | |||
Food Products 3.6% | |||||
Archer-Daniels-Midland Co. | 33,700 | 1,685,337 | |||
Conagra Brands, Inc. | 24,100 | 833,860 | |||
Ingredion, Inc. | 600 | 45,282 | |||
J.M. Smucker Co. (The) | 14,000 | 1,629,740 | |||
TreeHouse Foods, Inc.* | 34,800 | 1,469,604 | |||
Tyson Foods, Inc. (Class A Stock) | 31,700 | 2,038,627 | |||
7,702,450 | |||||
Gas Utilities 0.0% | |||||
UGI Corp. | 2,600 | 93,574 | |||
Health Care Equipment & Supplies 0.4% | |||||
Zimmer Biomet Holdings, Inc. | 6,000 | 922,020 | |||
Health Care Providers & Services 1.5% | |||||
Acadia Healthcare Co., Inc.* | 30,700 | 1,555,876 | |||
Laboratory Corp. of America Holdings* | 2,300 | 526,493 |
4
PGIM QMA Mid-Cap Value Fund
Schedule of Investments as of January 31,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Health Care Providers & Services (cont’d.) | |||||
McKesson Corp. | 400 | $69,788 | |||
Universal Health Services, Inc. (Class B Stock) | 8,700 | 1,084,716 | |||
3,236,873 | |||||
Hotels, Restaurants & Leisure 0.1% | |||||
Carnival Corp. | 14,500 | 270,715 | |||
Household Durables 5.1% | |||||
D.R. Horton, Inc. | 15,300 | 1,175,040 | |||
Lennar Corp. (Class A Stock) | 26,763 | 2,225,344 | |||
Mohawk Industries, Inc.* | 11,839 | 1,700,080 | |||
Newell Brands, Inc. | 72,451 | 1,740,273 | |||
PulteGroup, Inc. | 37,847 | 1,646,345 | |||
Toll Brothers, Inc. | 31,633 | 1,616,446 | |||
Whirlpool Corp. | 5,000 | 925,450 | |||
11,028,978 | |||||
Independent Power & Renewable Electricity Producers 0.8% | |||||
Vistra Corp. | 88,500 | 1,767,345 | |||
Insurance 7.1% | |||||
American Financial Group, Inc. | 13,800 | 1,299,132 | |||
Arch Capital Group Ltd.* | 42,000 | 1,319,220 | |||
Athene Holding Ltd. (Class A Stock)* | 8,200 | 335,298 | |||
CNA Financial Corp. | 21,400 | 822,188 | |||
Everest Re Group Ltd. | 6,300 | 1,329,804 | |||
First American Financial Corp. | 5,800 | 303,282 | |||
Globe Life, Inc. | 1,600 | 144,624 | |||
Hartford Financial Services Group, Inc. (The) | 42,200 | 2,026,444 | |||
Kemper Corp. | 3,500 | 246,225 | |||
Lincoln National Corp. | 35,900 | 1,633,091 | |||
Loews Corp. | 24,700 | 1,118,663 | |||
Old Republic International Corp. | 32,300 | 584,630 | |||
Principal Financial Group, Inc. | 37,100 | 1,827,917 | |||
Reinsurance Group of America, Inc. | 15,300 | 1,607,265 | |||
Unum Group | 36,000 | 836,280 | |||
15,434,063 | |||||
Internet & Direct Marketing Retail 0.3% | |||||
Qurate Retail, Inc. (Class A Stock) | 42,500 | 535,500 |
5
PGIM QMA Mid-Cap Value Fund
Schedule of Investments as of January 31,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
IT Services 0.8% | |||||
DXC Technology Co. | 59,500 | $1,677,900 | |||
Machinery 2.4% | |||||
Cummins, Inc. | 1,900 | 445,398 | |||
Gates Industrial Corp. PLC* | 23,803 | 336,098 | |||
PACCAR, Inc. | 17,800 | 1,623,716 | |||
Stanley Black & Decker, Inc. | 7,300 | 1,266,477 | |||
Westinghouse Air Brake Technologies Corp. | 20,000 | 1,484,200 | |||
5,155,889 | |||||
Marine 0.7% | |||||
Kirby Corp.* | 28,900 | 1,466,964 | |||
Media 5.7% | |||||
Discovery, Inc. (Class A Stock)*(a) | 23,300 | 965,086 | |||
Discovery, Inc. (Class C Stock)* | 32,600 | 1,141,978 | |||
DISH Network Corp. (Class A Stock)* | 55,000 | 1,596,100 | |||
Fox Corp. (Class A Stock) | 34,200 | 1,066,356 | |||
Fox Corp. (Class B Stock) | 29,000 | 866,810 | |||
Interpublic Group of Cos., Inc. (The) | 36,300 | 873,741 | |||
Liberty Media Corp.-Liberty SiriusXM (Class A Stock)* | 20,000 | 808,400 | |||
Liberty Media Corp.-Liberty SiriusXM (Class C Stock)* | 23,000 | 932,880 | |||
News Corp. (Class A Stock) | 88,400 | 1,714,960 | |||
ViacomCBS, Inc. (Class B Stock) | 49,100 | 2,381,350 | |||
12,347,661 | |||||
Metals & Mining 2.5% | |||||
Freeport-McMoRan, Inc.* | 7,700 | 207,207 | |||
Nucor Corp. | 38,900 | 1,895,597 | |||
Reliance Steel & Aluminum Co. | 14,390 | 1,670,391 | |||
Steel Dynamics, Inc. | 46,200 | 1,583,274 | |||
5,356,469 | |||||
Mortgage Real Estate Investment Trusts (REITs) 2.6% | |||||
AGNC Investment Corp. | 112,100 | 1,748,760 | |||
Annaly Capital Management, Inc. | 225,324 | 1,829,631 | |||
New Residential Investment Corp. | 164,500 | 1,544,655 | |||
Starwood Property Trust, Inc. | 25,800 | 484,008 | |||
5,607,054 |
6
PGIM QMA Mid-Cap Value Fund
Schedule of Investments as of January 31,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Multiline Retail 0.7% | |||||
Kohl’s Corp. | 36,100 | $1,590,566 | |||
Multi-Utilities 3.3% | |||||
Ameren Corp. | 1,400 | 101,808 | |||
CenterPoint Energy, Inc. | 30,400 | 641,136 | |||
Consolidated Edison, Inc. | 32,333 | 2,288,530 | |||
DTE Energy Co. | 6,100 | 724,192 | |||
MDU Resources Group, Inc. | 6,800 | 178,772 | |||
NiSource, Inc. | 13,700 | 303,455 | |||
Public Service Enterprise Group, Inc. | 43,200 | 2,437,776 | |||
WEC Energy Group, Inc. | 4,600 | 408,940 | |||
7,084,609 | |||||
Oil, Gas & Consumable Fuels 4.0% | |||||
Continental Resources, Inc.(a) | 35,300 | 695,057 | |||
Devon Energy Corp. | 15,300 | 251,838 | |||
Diamondback Energy, Inc. | 18,100 | 1,026,089 | |||
Equitrans Midstream Corp. | 122,900 | 817,285 | |||
HollyFrontier Corp. | 29,700 | 845,262 | |||
Marathon Oil Corp. | 125,300 | 907,172 | |||
Marathon Petroleum Corp. | 39,900 | 1,722,084 | |||
Occidental Petroleum Corp. | 49,400 | 990,964 | |||
Pioneer Natural Resources Co. | 12,000 | 1,450,800 | |||
8,706,551 | |||||
Pharmaceuticals 1.5% | |||||
Perrigo Co. PLC(a) | 32,000 | 1,366,400 | |||
Viatris, Inc.* | 109,989 | 1,868,713 | |||
3,235,113 | |||||
Real Estate Management & Development 0.9% | |||||
CBRE Group, Inc. (Class A Stock)* | 3,500 | 213,430 | |||
Jones Lang LaSalle, Inc.* | 11,200 | 1,637,552 | |||
1,850,982 | |||||
Road & Rail 1.1% | |||||
Knight-Swift Transportation Holdings, Inc. | 38,200 | 1,528,000 | |||
Ryder System, Inc. | 6,741 | 421,919 | |||
Schneider National, Inc. (Class B Stock) | 18,300 | 384,300 | |||
2,334,219 |
7
PGIM QMA Mid-Cap Value Fund
Schedule of Investments as of January 31,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Specialty Retail 0.5% | |||||
Foot Locker, Inc. | 11,400 | $499,548 | |||
Penske Automotive Group, Inc. | 9,000 | 538,560 | |||
1,038,108 | |||||
Technology Hardware, Storage & Peripherals 2.0% | |||||
Hewlett Packard Enterprise Co. | 160,200 | 1,976,868 | |||
Western Digital Corp. | 15,300 | 863,379 | |||
Xerox Holdings Corp. | 74,100 | 1,558,323 | |||
4,398,570 | |||||
Textiles, Apparel & Luxury Goods 0.9% | |||||
Capri Holdings Ltd.* | 11,000 | 458,260 | |||
PVH Corp. | 17,500 | 1,492,050 | |||
1,950,310 | |||||
Thrifts & Mortgage Finance 0.3% | |||||
MGIC Investment Corp. | 32,600 | 382,072 | |||
New York Community Bancorp, Inc. | 34,200 | 357,732 | |||
739,804 | |||||
Trading Companies & Distributors 1.6% | |||||
Air Lease Corp. | 38,300 | 1,517,829 | |||
United Rentals, Inc.* | 8,300 | 2,016,983 | |||
3,534,812 | |||||
Wireless Telecommunication Services 1.3% | |||||
Telephone & Data Systems, Inc. | 77,400 | 1,451,250 | |||
United States Cellular Corp.* | 45,100 | 1,406,218 | |||
2,857,468 | |||||
Total Common Stocks (cost $189,320,603) | 215,183,750 |
8
PGIM QMA Mid-Cap Value Fund
Schedule of Investments as of January 31,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Exchange-Traded Fund 0.6% | |||||
iShares Russell Mid-Cap Value ETF(a) (cost $1,416,494) | 14,100 | $1,363,893 | |||
Total Long-Term Investments (cost $190,737,097) | 216,547,643 | ||||
Short-Term Investment 1.6% | |||||
Affiliated Mutual Fund | |||||
PGIM Institutional Money Market Fund (cost $3,513,075; includes $3,512,452 of cash collateral for securities on loan)(b)(we) | 3,522,999 | 3,521,590 | |||
TOTAL INVESTMENTS 101.5% (cost $194,250,172) | 220,069,233 | ||||
Liabilities in excess of other assets (1.5)% | (3,248,484) | ||||
Net Assets 100.0% | $216,820,749 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: |
ETF—Exchange-Traded Fund | |
REITs—Real Estate Investment Trust |
* | Non-income producing security. |
(a) | All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $3,406,131; cash collateral of $3,512,452 (included in liabilities) was received with which the Fund purchased highly liquid short-term investments. In the event of significant appreciation in value of securities on loan on the last business day of the reporting period, the Fund may reflect a collateral value that is less than the market value of the loaned securities and such shortfall is remedied the following business day. |
(b) | Represents security, or portion thereof, purchased with cash collateral received for securities on loan and includes dividend reinvestment. |
(we) | PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Institutional Money Market Fund. |
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).
9