PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of July 31, 2022 (unaudited)
Description | Shares | Value | |||
Long-Term Investments 99.8% | |||||
Common Stocks 99.7% | |||||
Aerospace & Defense 0.3% | |||||
Textron, Inc. | 11,500 | $754,860 | |||
Airlines 0.6% | |||||
Alaska Air Group, Inc.* | 19,400 | 860,002 | |||
JetBlue Airways Corp.* | 75,100 | 632,342 | |||
1,492,344 | |||||
Auto Components 0.7% | |||||
BorgWarner, Inc. | 42,500 | 1,634,550 | |||
Automobiles 0.6% | |||||
Thor Industries, Inc.(a) | 16,800 | 1,416,744 | |||
Banks 9.0% | |||||
Bank OZK | 21,300 | 854,130 | |||
BOK Financial Corp. | 9,000 | 792,270 | |||
Citizens Financial Group, Inc. | 49,300 | 1,871,921 | |||
Comerica, Inc. | 5,100 | 396,627 | |||
Fifth Third Bancorp | 52,333 | 1,785,602 | |||
First Citizens BancShares, Inc. (Class A Stock)(a) | 2,000 | 1,513,360 | |||
FNB Corp. | 56,900 | 680,524 | |||
Huntington Bancshares, Inc.(a) | 145,100 | 1,928,379 | |||
KeyCorp | 101,500 | 1,857,450 | |||
M&T Bank Corp.(a) | 13,600 | 2,413,320 | |||
PacWest Bancorp | 22,200 | 622,266 | |||
Pinnacle Financial Partners, Inc. | 5,000 | 395,500 | |||
Prosperity Bancshares, Inc. | 13,300 | 985,397 | |||
Regions Financial Corp. | 91,800 | 1,944,324 | |||
Signature Bank | 2,500 | 463,925 | |||
Synovus Financial Corp. | 5,200 | 209,976 | |||
Webster Financial Corp.(a) | 33,400 | 1,551,430 | |||
Wintrust Financial Corp. | 4,600 | 395,784 | |||
Zions Bancorp NA | 3,300 | 180,015 | |||
20,842,200 | |||||
Beverages 0.7% | |||||
Molson Coors Beverage Co. (Class B Stock)(a) | 27,400 | 1,637,150 | |||
Building Products 0.7% | |||||
Builders FirstSource, Inc.*(a) | 15,900 | 1,081,200 |
1
PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Building Products (cont’d.) | |||||
Carrier Global Corp. | 6,600 | $267,498 | |||
Owens Corning | 4,000 | 370,960 | |||
1,719,658 | |||||
Capital Markets 4.1% | |||||
Bank of New York Mellon Corp. (The) | 49,900 | 2,168,654 | |||
Franklin Resources, Inc.(a) | 59,500 | 1,633,275 | |||
Invesco Ltd.(a) | 83,400 | 1,479,516 | |||
Janus Henderson Group PLC | 22,700 | 584,979 | |||
Jefferies Financial Group, Inc. | 46,200 | 1,504,734 | |||
State Street Corp. | 31,200 | 2,216,448 | |||
9,587,606 | |||||
Chemicals 6.5% | |||||
Corteva, Inc. | 38,600 | 2,221,430 | |||
DuPont de Nemours, Inc. | 39,600 | 2,424,708 | |||
Eastman Chemical Co.(a) | 15,600 | 1,496,508 | |||
Huntsman Corp. | 49,800 | 1,442,208 | |||
International Flavors & Fragrances, Inc. | 19,300 | 2,394,165 | |||
LyondellBasell Industries NV (Class A Stock) | 21,100 | 1,880,432 | |||
Mosaic Co. (The) | 35,700 | 1,879,962 | |||
Westlake Corp. | 14,700 | 1,430,898 | |||
15,170,311 | |||||
Communications Equipment 0.5% | |||||
Motorola Solutions, Inc. | 400 | 95,436 | |||
Viasat, Inc.*(a) | 29,600 | 974,728 | |||
1,070,164 | |||||
Consumer Finance 1.5% | |||||
Ally Financial, Inc.(a) | 47,259 | 1,562,855 | |||
Synchrony Financial(a) | 55,900 | 1,871,532 | |||
3,434,387 | |||||
Containers & Packaging 1.5% | |||||
International Paper Co. | 42,500 | 1,817,725 | |||
Westrock Co. | 39,200 | 1,660,512 | |||
3,478,237 |
2
PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Distributors 0.7% | |||||
LKQ Corp.(a) | 27,900 | $1,530,036 | |||
Diversified Financial Services 0.5% | |||||
Voya Financial, Inc.(a) | 19,902 | 1,197,304 | |||
Diversified Telecommunication Services 1.4% | |||||
Frontier Communications Parent, Inc.* | 58,200 | 1,507,962 | |||
Lumen Technologies, Inc.(a) | 151,880 | 1,653,973 | |||
3,161,935 | |||||
Electric Utilities 4.9% | |||||
Avangrid, Inc.(a) | 29,200 | 1,422,916 | |||
Edison International | 32,900 | 2,229,633 | |||
Entergy Corp. | 5,300 | 610,189 | |||
Evergy, Inc. | 20,800 | 1,419,808 | |||
Eversource Energy | 8,600 | 758,692 | |||
FirstEnergy Corp. | 16,000 | 657,600 | |||
NRG Energy, Inc. | 7,300 | 275,575 | |||
Pinnacle West Capital Corp.(a) | 21,100 | 1,550,217 | |||
PPL Corp. | 70,400 | 2,047,232 | |||
Xcel Energy, Inc. | 6,100 | 446,398 | |||
11,418,260 | |||||
Electrical Equipment 0.4% | |||||
AMETEK, Inc. | 600 | 74,100 | |||
Regal Rexnord Corp. | 6,000 | 805,800 | |||
879,900 | |||||
Electronic Equipment, Instruments & Components 1.9% | |||||
Arrow Electronics, Inc.* | 10,200 | 1,307,334 | |||
Avnet, Inc. | 28,700 | 1,373,869 | |||
Corning, Inc. | 5,600 | 205,856 | |||
TD SYNNEX Corp.(a) | 14,200 | 1,425,964 | |||
4,313,023 | |||||
Energy Equipment & Services 0.3% | |||||
Baker Hughes Co.(a) | 25,300 | 649,957 | |||
Entertainment 0.4% | |||||
Warner Bros Discovery, Inc.* | 60,700 | 910,500 |
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PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Equity Real Estate Investment Trusts (REITs) 10.5% | |||||
Alexandria Real Estate Equities, Inc. | 12,500 | $2,072,250 | |||
Boston Properties, Inc. | 4,500 | 410,220 | |||
Cousins Properties, Inc. | 45,700 | 1,409,845 | |||
EPR Properties | 4,200 | 226,002 | |||
Highwoods Properties, Inc. | 17,700 | 629,589 | |||
Hudson Pacific Properties, Inc. | 89,100 | 1,340,064 | |||
JBG SMITH Properties | 41,100 | 1,045,584 | |||
Kilroy Realty Corp. | 27,000 | 1,462,860 | |||
Kimco Realty Corp. | 78,961 | 1,745,828 | |||
Medical Properties Trust, Inc.(a) | 94,469 | 1,628,645 | |||
Realty Income Corp. | 36,013 | 2,664,602 | |||
Regency Centers Corp. | 400 | 25,772 | |||
SL Green Realty Corp.(a) | 27,395 | 1,360,162 | |||
Spirit Realty Capital, Inc. | 19,500 | 864,630 | |||
STORE Capital Corp. | 9,000 | 261,180 | |||
Ventas, Inc. | 11,200 | 602,336 | |||
VICI Properties, Inc.(a) | 71,500 | 2,444,585 | |||
Vornado Realty Trust | 47,900 | 1,455,681 | |||
Welltower, Inc. | 5,200 | 448,968 | |||
Weyerhaeuser Co. | 61,300 | 2,226,416 | |||
WP Carey, Inc. | 500 | 44,650 | |||
24,369,869 | |||||
Food Products 2.0% | |||||
Conagra Brands, Inc. | 25,200 | 862,092 | |||
J.M. Smucker Co. (The)(a) | 11,400 | 1,508,448 | |||
Tyson Foods, Inc. (Class A Stock) | 24,900 | 2,191,449 | |||
4,561,989 | |||||
Gas Utilities 1.1% | |||||
Atmos Energy Corp. | 8,500 | 1,031,815 | |||
UGI Corp.(a) | 37,000 | 1,596,920 | |||
2,628,735 | |||||
Health Care Equipment & Supplies 0.4% | |||||
Enovis Corp.* | 9,633 | 575,283 | |||
Zimmer Biomet Holdings, Inc. | 3,700 | 408,443 | |||
983,726 | |||||
Health Care Providers & Services 2.4% | |||||
Laboratory Corp. of America Holdings | 8,300 | 2,176,177 |
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PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Health Care Providers & Services (cont’d.) | |||||
Quest Diagnostics, Inc. | 13,600 | $1,857,352 | |||
Universal Health Services, Inc. (Class B Stock)(a) | 13,500 | 1,518,345 | |||
5,551,874 | |||||
Health Care Technology 0.2% | |||||
Teladoc Health, Inc.*(a) | 16,100 | 593,285 | |||
Hotels, Restaurants & Leisure 1.1% | |||||
Carnival Corp.*(a) | 119,400 | 1,081,764 | |||
Penn National Gaming, Inc.*(a) | 43,100 | 1,489,105 | |||
2,570,869 | |||||
Household Durables 4.0% | |||||
D.R. Horton, Inc. | 22,000 | 1,716,660 | |||
Lennar Corp. (Class A Stock) | 24,363 | 2,070,855 | |||
Mohawk Industries, Inc.* | 11,139 | 1,431,139 | |||
PulteGroup, Inc. | 33,447 | 1,458,958 | |||
Toll Brothers, Inc. | 27,633 | 1,358,991 | |||
Whirlpool Corp.(a) | 7,100 | 1,227,377 | |||
9,263,980 | |||||
Insurance 8.3% | |||||
Aflac, Inc. | 44,800 | 2,567,040 | |||
Allstate Corp. (The) | 4,700 | 549,759 | |||
Arch Capital Group Ltd.* | 31,400 | 1,394,160 | |||
Axis Capital Holdings Ltd. | 10,600 | 535,194 | |||
Brighthouse Financial, Inc.* | 7,800 | 338,676 | |||
CNA Financial Corp. | 29,500 | 1,251,390 | |||
Everest Re Group Ltd. | 5,400 | 1,411,290 | |||
Fidelity National Financial, Inc. | 42,000 | 1,678,320 | |||
First American Financial Corp. | 16,400 | 951,200 | |||
Hartford Financial Services Group, Inc. (The) | 30,700 | 1,979,229 | |||
Lincoln National Corp. | 29,500 | 1,514,530 | |||
Loews Corp. | 28,400 | 1,654,300 | |||
Markel Corp.* | 400 | 518,856 | |||
Old Republic International Corp. | 64,100 | 1,491,607 | |||
Principal Financial Group, Inc. | 8,300 | 555,602 | |||
Unum Group | 26,100 | 840,159 | |||
19,231,312 |
5
PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Interactive Media & Services 0.5% | |||||
IAC/InterActiveCorp* | 17,900 | $1,226,150 | |||
IT Services 1.4% | |||||
DXC Technology Co.* | 45,500 | 1,437,800 | |||
Global Payments, Inc. | 13,500 | 1,651,320 | |||
SS&C Technologies Holdings, Inc. | 3,600 | 213,012 | |||
3,302,132 | |||||
Life Sciences Tools & Services 0.6% | |||||
Bio-Rad Laboratories, Inc. (Class A Stock)* | 2,200 | 1,239,172 | |||
PerkinElmer, Inc. | 1,000 | 153,170 | |||
1,392,342 | |||||
Machinery 2.2% | |||||
Cummins, Inc. | 800 | 177,048 | |||
Gates Industrial Corp. PLC* | 110,200 | 1,355,460 | |||
Otis Worldwide Corp. | 900 | 70,353 | |||
PACCAR, Inc. | 13,600 | 1,244,672 | |||
Parker-Hannifin Corp. | 200 | 57,818 | |||
Snap-on, Inc. | 1,900 | 425,695 | |||
Westinghouse Air Brake Technologies Corp. | 19,200 | 1,794,624 | |||
5,125,670 | |||||
Marine 0.2% | |||||
Kirby Corp.* | 6,200 | 393,328 | |||
Media 2.5% | |||||
DISH Network Corp. (Class A Stock)*(a) | 77,000 | 1,337,490 | |||
Fox Corp. (Class A Stock)(a) | 20,700 | 685,377 | |||
Fox Corp. (Class B Stock) | 15,600 | 482,040 | |||
Liberty Media Corp.-Liberty SiriusXM (Class A Stock)* | 7,600 | 302,860 | |||
Liberty Media Corp.-Liberty SiriusXM (Class C Stock)* | 9,700 | 386,254 | |||
News Corp. (Class A Stock) | 86,900 | 1,489,466 | |||
Paramount Global (Class B Stock)(a) | 46,200 | 1,092,630 | |||
5,776,117 | |||||
Metals & Mining 5.4% | |||||
Alcoa Corp. | 32,500 | 1,653,925 | |||
Cleveland-Cliffs, Inc.*(a) | 93,100 | 1,648,801 | |||
Nucor Corp. | 19,400 | 2,634,520 | |||
Reliance Steel & Aluminum Co. | 8,890 | 1,691,323 |
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PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Metals & Mining (cont’d.) | |||||
SSR Mining, Inc. (Canada) | 85,300 | $1,404,038 | |||
Steel Dynamics, Inc. | 22,900 | 1,783,452 | |||
United States Steel Corp.(a) | 69,700 | 1,648,405 | |||
12,464,464 | |||||
Mortgage Real Estate Investment Trusts (REITs) 2.3% | |||||
AGNC Investment Corp. | 111,600 | 1,407,276 | |||
Annaly Capital Management, Inc. | 246,124 | 1,693,333 | |||
New Residential Investment Corp. | 134,600 | 1,468,486 | |||
Starwood Property Trust, Inc. | 36,000 | 850,320 | |||
5,419,415 | |||||
Multiline Retail 0.8% | |||||
Kohl’s Corp.(a) | 27,200 | 792,608 | |||
Macy’s, Inc. | 55,200 | 974,280 | |||
1,766,888 | |||||
Multi-Utilities 2.0% | |||||
CenterPoint Energy, Inc. | 18,100 | 573,589 | |||
Consolidated Edison, Inc. | 23,333 | 2,316,267 | |||
DTE Energy Co. | 5,200 | 677,560 | |||
Public Service Enterprise Group, Inc. | 14,500 | 952,215 | |||
WEC Energy Group, Inc. | 1,700 | 176,477 | |||
4,696,108 | |||||
Oil, Gas & Consumable Fuels 4.0% | |||||
Continental Resources, Inc.(a) | 9,700 | 668,233 | |||
Coterra Energy, Inc.(a) | 44,400 | 1,358,196 | |||
Diamondback Energy, Inc. | 7,800 | 998,556 | |||
DT Midstream, Inc. | 14,900 | 819,947 | |||
EQT Corp. | 17,900 | 788,137 | |||
HF Sinclair Corp. | 18,800 | 899,016 | |||
Marathon Oil Corp. | 51,600 | 1,279,680 | |||
Phillips 66 | 22,900 | 2,038,100 | |||
Williams Cos., Inc. (The) | 14,100 | 480,669 | |||
9,330,534 | |||||
Pharmaceuticals 1.5% | |||||
Elanco Animal Health, Inc.* | 24,800 | 502,448 |
7
PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Pharmaceuticals (cont’d.) | |||||
Perrigo Co. PLC | 29,700 | $1,243,539 | |||
Viatris, Inc. | 169,289 | 1,640,410 | |||
3,386,397 | |||||
Professional Services 0.6% | |||||
Clarivate PLC*(a) | 103,600 | 1,501,164 | |||
Real Estate Management & Development 1.1% | |||||
CBRE Group, Inc. (Class A Stock)* | 10,500 | 899,010 | |||
Jones Lang LaSalle, Inc.* | 8,400 | 1,601,628 | |||
2,500,638 | |||||
Road & Rail 1.8% | |||||
AMERCO | 2,500 | 1,342,700 | |||
Knight-Swift Transportation Holdings, Inc.(a) | 30,100 | 1,653,995 | |||
Ryder System, Inc. | 16,641 | 1,303,323 | |||
4,300,018 | |||||
Semiconductors & Semiconductor Equipment 1.4% | |||||
First Solar, Inc.*(a) | 17,300 | 1,715,641 | |||
Qorvo, Inc.* | 10,900 | 1,134,363 | |||
Skyworks Solutions, Inc. | 3,100 | 337,528 | |||
3,187,532 | |||||
Specialty Retail 0.2% | |||||
Penske Automotive Group, Inc. | 3,400 | 389,266 | |||
Technology Hardware, Storage & Peripherals 1.6% | |||||
Hewlett Packard Enterprise Co. | 134,700 | 1,918,128 | |||
Western Digital Corp.* | 36,900 | 1,811,790 | |||
3,729,918 | |||||
Textiles, Apparel & Luxury Goods 0.6% | |||||
PVH Corp. | 23,200 | 1,436,544 | |||
Thrifts & Mortgage Finance 1.2% | |||||
MGIC Investment Corp. | 100,000 | 1,414,000 | |||
New York Community Bancorp, Inc.(a) | 129,700 | 1,377,414 | |||
2,791,414 |
8
PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Trading Companies & Distributors 0.6% | |||||
Air Lease Corp. | 39,300 | $1,458,423 | |||
Total Common Stocks (cost $207,110,773) | 231,629,227 | ||||
Exchange-Traded Fund 0.1% | |||||
iShares Russell Mid-Cap Value ETF (cost $338,438) | 3,200 | 353,184 | |||
Total Long-Term Investments (cost $207,449,211) | 231,982,411 | ||||
Short-Term Investments 20.0% | |||||
Affiliated Mutual Fund 19.9% | |||||
PGIM Institutional Money Market Fund (cost $46,301,398; includes $46,243,772 of cash collateral for securities on loan)(b)(we) | 46,353,100 | 46,306,747 | |||
Unaffiliated Fund 0.1% | |||||
Dreyfus Government Cash Management (Institutional Shares) (cost $110,983) | 110,983 | 110,983 | |||
Total Short-Term Investments (cost $46,412,381) | 46,417,730 | ||||
TOTAL INVESTMENTS 119.8% (cost $253,861,592) | 278,400,141 | ||||
Liabilities in excess of other assets (19.8)% | (46,019,861) | ||||
Net Assets 100.0% | $232,380,280 |
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 $46,120,907; cash collateral of $46,243,772 (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. |
9
PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
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).
10