PGIM QMA Large-Cap Core Equity Fund
Schedule of Investments as of July 31,
2021 (unaudited)
Description | Shares | Value | |||
Long-Term Investments 98.4% | |||||
Common Stocks | |||||
Aerospace & Defense 2.3% | |||||
Curtiss-Wright Corp. | 2,400 | $283,920 | |||
General Dynamics Corp. | 26,400 | 5,175,192 | |||
Lockheed Martin Corp. | 16,033 | 5,958,985 | |||
Northrop Grumman Corp. | 4,604 | 1,671,344 | |||
Raytheon Technologies Corp. | 47,750 | 4,151,863 | |||
Teledyne Technologies, Inc.* | 3,900 | 1,765,803 | |||
19,007,107 | |||||
Auto Components 0.0% | |||||
Goodyear Tire & Rubber Co. (The)* | 15,400 | 241,934 | |||
Automobiles 1.4% | |||||
Ford Motor Co.* | 116,600 | 1,626,570 | |||
General Motors Co.* | 77,100 | 4,382,364 | |||
Tesla, Inc.* | 7,700 | 5,291,440 | |||
11,300,374 | |||||
Banks 3.4% | |||||
Bank of America Corp. | 6,400 | 245,504 | |||
Citigroup, Inc. | 109,678 | 7,416,427 | |||
Fifth Third Bancorp | 6,800 | 246,772 | |||
JPMorgan Chase & Co. | 78,581 | 11,927,024 | |||
Wells Fargo & Co. | 189,100 | 8,687,254 | |||
28,522,981 | |||||
Beverages 2.1% | |||||
Coca-Cola Co. (The)(a) | 158,600 | 9,044,958 | |||
PepsiCo, Inc. | 52,400 | 8,224,180 | |||
17,269,138 | |||||
Biotechnology 1.1% | |||||
AbbVie, Inc. | 51,451 | 5,983,751 | |||
Gilead Sciences, Inc. | 51,672 | 3,528,681 | |||
9,512,432 |
1
PGIM QMA Large-Cap Core Equity Fund
Schedule of Investments as of July 31,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Building Products 0.5% | |||||
Carrier Global Corp. | 42,900 | $2,370,225 | |||
UFP Industries, Inc. | 27,233 | 2,022,323 | |||
4,392,548 | |||||
Capital Markets 2.2% | |||||
Ameriprise Financial, Inc. | 5,159 | 1,328,752 | |||
Goldman Sachs Group, Inc. (The) | 22,477 | 8,426,178 | |||
Morgan Stanley(a) | 28,300 | 2,716,234 | |||
Raymond James Financial, Inc. | 14,300 | 1,851,564 | |||
State Street Corp. | 25,800 | 2,248,212 | |||
Stifel Financial Corp. | 24,400 | 1,623,576 | |||
18,194,516 | |||||
Chemicals 1.0% | |||||
Celanese Corp. | 4,700 | 732,119 | |||
Chemours Co. (The) | 7,600 | 252,700 | |||
Dow, Inc. | 40,000 | 2,486,400 | |||
DuPont de Nemours, Inc. | 3,400 | 255,170 | |||
Mosaic Co. (The) | 107,000 | 3,341,610 | |||
Olin Corp. | 9,000 | 423,270 | |||
Westlake Chemical Corp. | 9,700 | 804,324 | |||
8,295,593 | |||||
Commercial Services & Supplies 0.1% | |||||
ABM Industries, Inc. | 10,200 | 474,198 | |||
Communications Equipment 0.6% | |||||
Cisco Systems, Inc. | 68,382 | 3,786,311 | |||
Ubiquiti, Inc. | 2,600 | 814,060 | |||
4,600,371 | |||||
Construction & Engineering 0.1% | |||||
EMCOR Group, Inc. | 7,377 | 898,592 | |||
Consumer Finance 1.4% | |||||
Capital One Financial Corp. | 41,600 | 6,726,720 | |||
Discover Financial Services | 9,300 | 1,156,176 | |||
Synchrony Financial | 78,100 | 3,672,262 | |||
11,555,158 |
2
PGIM QMA Large-Cap Core Equity Fund
Schedule of Investments as of July 31,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Distributors 0.6% | |||||
Genuine Parts Co. | 24,100 | $3,058,772 | |||
LKQ Corp.* | 39,900 | 2,024,925 | |||
5,083,697 | |||||
Diversified Financial Services 0.7% | |||||
Berkshire Hathaway, Inc. (Class B Stock)* | 20,874 | 5,809,025 | |||
Diversified Telecommunication Services 1.9% | |||||
AT&T, Inc. | 258,535 | 7,251,907 | |||
Verizon Communications, Inc. | 156,550 | 8,732,359 | |||
15,984,266 | |||||
Electric Utilities 0.8% | |||||
Entergy Corp. | 23,600 | 2,428,912 | |||
Evergy, Inc. | 26,200 | 1,708,764 | |||
Exelon Corp. | 48,245 | 2,257,866 | |||
PPL Corp. | 16,500 | 468,105 | |||
6,863,647 | |||||
Electrical Equipment 1.3% | |||||
Acuity Brands, Inc. | 15,100 | 2,648,238 | |||
AMETEK, Inc. | 11,000 | 1,529,550 | |||
Atkore, Inc.* | 23,521 | 1,766,662 | |||
Emerson Electric Co. | 51,700 | 5,216,013 | |||
11,160,463 | |||||
Electronic Equipment, Instruments & Components 0.5% | |||||
Jabil, Inc. | 8,700 | 517,998 | |||
SYNNEX Corp. | 11,100 | 1,326,894 | |||
Vishay Intertechnology, Inc. | 35,000 | 774,550 | |||
Zebra Technologies Corp. (Class A Stock)* | 3,500 | 1,933,680 | |||
4,553,122 | |||||
Energy Equipment & Services 0.5% | |||||
Halliburton Co. | 108,500 | 2,243,780 | |||
Schlumberger NV | 75,000 | 2,162,250 | |||
4,406,030 |
3
PGIM QMA Large-Cap Core Equity Fund
Schedule of Investments as of July 31,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Entertainment 1.6% | |||||
Activision Blizzard, Inc. | 59,300 | $4,958,666 | |||
Electronic Arts, Inc. | 34,100 | 4,909,036 | |||
Netflix, Inc.* | 3,600 | 1,863,252 | |||
Walt Disney Co. (The)* | 5,900 | 1,038,518 | |||
World Wrestling Entertainment, Inc. (Class A Stock) | 5,100 | 251,838 | |||
13,021,310 | |||||
Equity Real Estate Investment Trusts (REITs) 1.8% | |||||
Crown Castle International Corp. | 9,400 | 1,815,046 | |||
Extra Space Storage, Inc. | 1,800 | 313,452 | |||
Medical Properties Trust, Inc. | 122,500 | 2,576,175 | |||
PotlatchDeltic Corp. | 39,700 | 2,062,018 | |||
Prologis, Inc. | 25,700 | 3,290,628 | |||
Weyerhaeuser Co. | 137,500 | 4,637,875 | |||
14,695,194 | |||||
Food & Staples Retailing 0.9% | |||||
Walgreens Boots Alliance, Inc. | 9,600 | 452,640 | |||
Walmart, Inc. | 50,593 | 7,212,032 | |||
7,664,672 | |||||
Food Products 1.3% | |||||
Hershey Co. (The) | 12,800 | 2,289,664 | |||
Kraft Heinz Co. (The) | 117,700 | 4,527,919 | |||
Mondelez International, Inc. (Class A Stock) | 5,800 | 366,908 | |||
Sanderson Farms, Inc. | 5,000 | 934,200 | |||
Tyson Foods, Inc. (Class A Stock) | 43,500 | 3,108,510 | |||
11,227,201 | |||||
Health Care Equipment & Supplies 4.3% | |||||
Abbott Laboratories | 43,100 | 5,214,238 | |||
Align Technology, Inc.* | 1,600 | 1,113,280 | |||
Becton, Dickinson & Co. | 21,900 | 5,600,925 | |||
Boston Scientific Corp.* | 127,800 | 5,827,680 | |||
Danaher Corp. | 25,000 | 7,437,250 | |||
DENTSPLY SIRONA, Inc. | 15,600 | 1,030,224 | |||
Envista Holdings Corp.* | 10,800 | 465,264 | |||
Intuitive Surgical, Inc.* | 300 | 297,438 |
4
PGIM QMA Large-Cap Core Equity Fund
Schedule of Investments as of July 31,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Health Care Equipment & Supplies (cont’d.) | |||||
Medtronic PLC | 19,400 | $2,547,414 | |||
Stryker Corp. | 22,700 | 6,150,338 | |||
35,684,051 | |||||
Health Care Providers & Services 3.3% | |||||
Anthem, Inc. | 16,200 | 6,220,962 | |||
Cigna Corp. | 21,500 | 4,934,035 | |||
CVS Health Corp. | 44,200 | 3,640,312 | |||
HCA Healthcare, Inc. | 14,600 | 3,623,720 | |||
UnitedHealth Group, Inc. | 23,000 | 9,481,060 | |||
27,900,089 | |||||
Hotels, Restaurants & Leisure 1.6% | |||||
McDonald’s Corp. | 25,300 | 6,140,563 | |||
Starbucks Corp. | 60,300 | 7,322,229 | |||
13,462,792 | |||||
Household Durables 0.1% | |||||
Lennar Corp. (Class A Stock) | 4,400 | 462,660 | |||
Household Products 0.6% | |||||
Procter & Gamble Co. (The) | 34,986 | 4,976,059 | |||
Independent Power & Renewable Electricity Producers 0.5% | |||||
AES Corp. (The) | 179,900 | 4,263,630 | |||
Industrial Conglomerates 1.9% | |||||
3M Co. | 28,100 | 5,562,114 | |||
General Electric Co. | 455,200 | 5,894,840 | |||
Honeywell International, Inc. | 19,000 | 4,442,010 | |||
15,898,964 | |||||
Insurance 2.4% | |||||
Allstate Corp. (The) | 37,399 | 4,863,740 | |||
American International Group, Inc. | 98,100 | 4,645,035 | |||
Chubb Ltd. | 20,600 | 3,476,044 | |||
MetLife, Inc. | 85,840 | 4,952,968 | |||
Old Republic International Corp. | 70,500 | 1,738,530 | |||
19,676,317 |
5
PGIM QMA Large-Cap Core Equity Fund
Schedule of Investments as of July 31,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Interactive Media & Services 7.3% | |||||
Alphabet, Inc. (Class A Stock)* | 7,494 | $20,192,808 | |||
Alphabet, Inc. (Class C Stock)* | 6,868 | 18,573,956 | |||
Facebook, Inc. (Class A Stock)* | 63,180 | 22,511,034 | |||
61,277,798 | |||||
Internet & Direct Marketing Retail 4.1% | |||||
Amazon.com, Inc.* | 10,302 | 34,280,832 | |||
IT Services 5.5% | |||||
Accenture PLC (Class A Stock) | 31,359 | 9,962,127 | |||
Automatic Data Processing, Inc. | 7,000 | 1,467,410 | |||
Cognizant Technology Solutions Corp. (Class A Stock) | 64,700 | 4,757,391 | |||
EPAM Systems, Inc.* | 4,700 | 2,631,060 | |||
Gartner, Inc.* | 5,300 | 1,403,069 | |||
International Business Machines Corp. | 43,230 | 6,093,701 | |||
Mastercard, Inc. (Class A Stock) | 3,600 | 1,389,384 | |||
PayPal Holdings, Inc.* | 17,200 | 4,739,116 | |||
Visa, Inc. (Class A Stock)(a) | 54,125 | 13,335,859 | |||
45,779,117 | |||||
Leisure Products 0.4% | |||||
Brunswick Corp. | 34,900 | 3,643,560 | |||
Life Sciences Tools & Services 2.0% | |||||
Agilent Technologies, Inc. | 5,200 | 796,796 | |||
Illumina, Inc.* | 1,000 | 495,750 | |||
IQVIA Holdings, Inc.* | 12,100 | 2,997,170 | |||
Mettler-Toledo International, Inc.* | 2,500 | 3,684,275 | |||
Thermo Fisher Scientific, Inc. | 16,814 | 9,079,728 | |||
17,053,719 | |||||
Machinery 2.4% | |||||
AGCO Corp. | 17,800 | 2,351,558 | |||
Cummins, Inc. | 18,100 | 4,201,010 | |||
Deere & Co. | 5,500 | 1,988,745 | |||
Dover Corp. | 4,000 | 668,480 | |||
Hillenbrand, Inc. | 24,000 | 1,087,200 | |||
Oshkosh Corp. | 8,300 | 992,265 | |||
Otis Worldwide Corp. | 3,000 | 268,650 |
6
PGIM QMA Large-Cap Core Equity Fund
Schedule of Investments as of July 31,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Machinery (cont’d.) | |||||
Parker-Hannifin Corp. | 12,800 | $3,993,984 | |||
Stanley Black & Decker, Inc. | 21,300 | 4,197,165 | |||
19,749,057 | |||||
Media 1.0% | |||||
Comcast Corp. (Class A Stock) | 80,200 | 4,718,166 | |||
News Corp. (Class A Stock) | 100,000 | 2,463,000 | |||
Nexstar Media Group, Inc. (Class A Stock) | 9,700 | 1,426,579 | |||
8,607,745 | |||||
Metals & Mining 1.1% | |||||
Freeport-McMoRan, Inc. | 134,200 | 5,113,020 | |||
Nucor Corp. | 29,600 | 3,078,992 | |||
Reliance Steel & Aluminum Co. | 7,000 | 1,100,050 | |||
9,292,062 | |||||
Multiline Retail 0.5% | |||||
Target Corp. | 16,100 | 4,202,905 | |||
Multi-Utilities 0.4% | |||||
Consolidated Edison, Inc. | 7,800 | 575,406 | |||
MDU Resources Group, Inc. | 57,900 | 1,836,588 | |||
Public Service Enterprise Group, Inc. | 10,300 | 640,969 | |||
3,052,963 | |||||
Oil, Gas & Consumable Fuels 2.4% | |||||
APA Corp. | 181,400 | 3,401,250 | |||
Cheniere Energy, Inc.* | 6,400 | 543,552 | |||
ConocoPhillips | 57,800 | 3,240,268 | |||
EOG Resources, Inc. | 34,700 | 2,528,242 | |||
Exxon Mobil Corp. | 161,200 | 9,280,284 | |||
Occidental Petroleum Corp. | 47,400 | 1,237,140 | |||
20,230,736 | |||||
Personal Products 0.1% | |||||
Medifast, Inc. | 2,600 | 742,326 | |||
Nu Skin Enterprises, Inc. (Class A Stock) | 8,800 | 472,472 | |||
1,214,798 |
7
PGIM QMA Large-Cap Core Equity Fund
Schedule of Investments as of July 31,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Pharmaceuticals 3.2% | |||||
Bristol-Myers Squibb Co. | 110,400 | $7,492,848 | |||
Johnson & Johnson | 82,258 | 14,164,828 | |||
Pfizer, Inc. | 114,500 | 4,901,745 | |||
26,559,421 | |||||
Professional Services 0.1% | |||||
Korn Ferry | 4,000 | 274,960 | |||
ManpowerGroup, Inc. | 6,200 | 735,196 | |||
1,010,156 | |||||
Real Estate Management & Development 0.1% | |||||
CBRE Group, Inc. (Class A Stock)* | 7,400 | 713,804 | |||
Road & Rail 0.2% | |||||
Union Pacific Corp. | 1,100 | 240,636 | |||
Werner Enterprises, Inc. | 27,800 | 1,270,738 | |||
1,511,374 | |||||
Semiconductors & Semiconductor Equipment 6.2% | |||||
Applied Materials, Inc. | 60,200 | 8,423,786 | |||
Broadcom, Inc. | 17,200 | 8,348,880 | |||
Intel Corp. | 163,041 | 8,758,562 | |||
KLA Corp. | 1,700 | 591,872 | |||
Lam Research Corp. | 6,800 | 4,334,388 | |||
MKS Instruments, Inc. | 1,600 | 250,304 | |||
NVIDIA Corp. | 23,600 | 4,601,764 | |||
NXP Semiconductors NV (China) | 22,200 | 4,581,858 | |||
QUALCOMM, Inc. | 54,700 | 8,194,060 | |||
Texas Instruments, Inc. | 21,900 | 4,174,578 | |||
52,260,052 | |||||
Software 9.4% | |||||
Adobe, Inc.* | 18,483 | 11,489,587 | |||
Autodesk, Inc.* | 2,300 | 738,599 | |||
CDK Global, Inc. | 32,500 | 1,559,675 | |||
Intuit, Inc. | 2,600 | 1,377,922 | |||
Manhattan Associates, Inc.* | 9,300 | 1,484,559 | |||
Microsoft Corp. | 180,884 | 51,535,661 | |||
Oracle Corp. | 61,579 | 5,365,994 | |||
Paycom Software, Inc.* | 600 | 240,000 |
8
PGIM QMA Large-Cap Core Equity Fund
Schedule of Investments as of July 31,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Software (cont’d.) | |||||
SS&C Technologies Holdings, Inc. | 30,200 | $2,367,378 | |||
Synopsys, Inc.* | 9,200 | 2,649,508 | |||
78,808,883 | |||||
Specialty Retail 1.5% | |||||
AutoNation, Inc.* | 15,900 | 1,929,147 | |||
Best Buy Co., Inc. | 8,200 | 921,270 | |||
Foot Locker, Inc. | 25,600 | 1,460,736 | |||
Home Depot, Inc. (The) | 10,000 | 3,281,900 | |||
L Brands, Inc. | 64,500 | 5,164,515 | |||
12,757,568 | |||||
Technology Hardware, Storage & Peripherals 5.9% | |||||
Apple, Inc. | 304,780 | 44,455,211 | |||
Dell Technologies, Inc. (Class C Stock)* | 13,300 | 1,285,046 | |||
HP, Inc. | 134,500 | 3,883,015 | |||
49,623,272 | |||||
Textiles, Apparel & Luxury Goods 0.9% | |||||
Deckers Outdoor Corp.* | 4,900 | 2,013,165 | |||
NIKE, Inc. (Class B Stock) | 28,800 | 4,824,288 | |||
Tapestry, Inc.* | 15,200 | 642,960 | |||
7,480,413 | |||||
Tobacco 0.7% | |||||
Altria Group, Inc. | 117,941 | 5,665,886 | |||
Trading Companies & Distributors 0.2% | |||||
Applied Industrial Technologies, Inc. | 6,700 | 600,990 | |||
Boise Cascade Co. | 7,500 | 383,625 | |||
GMS, Inc.* | 13,600 | 668,168 | |||
1,652,783 | |||||
Total Long-Term Investments (cost $592,004,294) | 823,487,035 | ||||
Short-Term Investments 3.6% | |||||
Affiliated Mutual Funds 3.4% | |||||
PGIM Core Ultra Short Bond Fund(wa) | 12,905,961 | 12,905,961 |
9
PGIM QMA Large-Cap Core Equity Fund
Schedule of Investments as of July 31,
2021 (unaudited) (continued)
Description | Shares | Value | |||
Affiliated Mutual Funds (Continued) | |||||
PGIM Institutional Money Market Fund (cost $15,578,015; includes $15,577,630 of cash collateral for securities on loan)(b)(wa) | 15,587,368 | $15,578,015 | |||
Total Affiliated Mutual Funds (cost $28,483,976) | 28,483,976 |
Interest Rate | Maturity Date | Principal Amount (000)# | |||||
U.S. Treasury Obligation(k)(n) 0.2% | |||||||
U.S. Treasury Bills (cost $1,749,930) | 0.031 % | 09/16/21 | 1,750 | 1,749,907 | |||
Total Short-Term Investments (cost $30,233,906) | 30,233,883 | ||||||
TOTAL INVESTMENTS 102.0% (cost $622,238,200) | 853,720,918 | ||||||
Liabilities in excess of other assets(z) (2.0)% | (17,142,527) | ||||||
Net Assets 100.0% | $836,578,391 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: |
REITs—Real Estate Investment Trust | |
S&P—Standard & Poor’s |
* | Non-income producing security. |
# | Principal amount is shown in U.S. dollars unless otherwise stated. |
(a) | All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $15,209,829; cash collateral of $15,577,630 (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. |
(k) | Represents security, or a portion thereof, segregated as collateral for centrally cleared/exchange-traded derivatives. |
(n) | Rate shown reflects yield to maturity at purchased date. |
(wa) | PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Core Ultra Short Bond Fund and PGIM Institutional Money Market Fund, if applicable. |
(z) | Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments: |
10
PGIM QMA Large-Cap Core Equity Fund
Schedule of Investments as of July 31,
2021 (unaudited) (continued)
Futures contracts outstanding at July 31, 2021: | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Long Position: | ||||||||
55 | S&P 500 E-Mini Index | Sep. 2021 | $12,071,125 | $316,976 |
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).
11