PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of January 31, 2023 (unaudited)
Description | Shares | Value | |||
Long-Term Investments 100.0% | |||||
Common Stocks 99.7% | |||||
Aerospace & Defense 0.4% | |||||
Textron, Inc. | 11,500 | $837,775 | |||
Airlines 0.8% | |||||
JetBlue Airways Corp.* | 75,100 | 600,800 | |||
Southwest Airlines Co. | 22,100 | 790,517 | |||
United Airlines Holdings, Inc.* | 9,500 | 465,120 | |||
1,856,437 | |||||
Auto Components 0.8% | |||||
BorgWarner, Inc. | 36,300 | 1,716,264 | |||
Automobiles 1.2% | |||||
Rivian Automotive, Inc. (Class A Stock)*(a) | 60,700 | 1,177,580 | |||
Thor Industries, Inc.(a) | 15,800 | 1,506,214 | |||
2,683,794 | |||||
Banks 9.2% | |||||
Bank OZK | 10,600 | 484,102 | |||
Citizens Financial Group, Inc. | 46,900 | 2,031,708 | |||
Fifth Third Bancorp | 42,833 | 1,554,410 | |||
First Citizens BancShares, Inc. (Class A Stock)(a) | 1,800 | 1,399,824 | |||
FNB Corp. | 54,800 | 781,996 | |||
Huntington Bancshares, Inc. | 128,400 | 1,947,828 | |||
KeyCorp | 97,000 | 1,861,430 | |||
M&T Bank Corp. | 13,500 | 2,106,000 | |||
PacWest Bancorp | 22,200 | 614,052 | |||
Pinnacle Financial Partners, Inc. | 4,100 | 322,793 | |||
Popular, Inc. (Puerto Rico) | 1,900 | 130,416 | |||
Prosperity Bancshares, Inc. | 7,300 | 553,778 | |||
Regions Financial Corp. | 76,700 | 1,805,518 | |||
Signature Bank | 12,100 | 1,560,295 | |||
SVB Financial Group* | 5,200 | 1,572,688 | |||
Webster Financial Corp. | 30,400 | 1,600,560 | |||
20,327,398 | |||||
Beverages 0.7% | |||||
Molson Coors Beverage Co. (Class B Stock) | 29,200 | 1,535,336 | |||
Biotechnology 0.1% | |||||
Biogen, Inc.* | 700 | 203,630 |
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PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Building Products 1.0% | |||||
Builders FirstSource, Inc.*(a) | 17,200 | $1,370,840 | |||
Carrier Global Corp. | 8,200 | 373,346 | |||
Owens Corning | 3,800 | 367,270 | |||
2,111,456 | |||||
Capital Markets 6.1% | |||||
Bank of New York Mellon Corp. (The) | 50,700 | 2,563,899 | |||
Carlyle Group, Inc. (The) | 29,900 | 1,075,503 | |||
Franklin Resources, Inc.(a) | 52,600 | 1,641,120 | |||
Invesco Ltd. | 79,000 | 1,462,290 | |||
Janus Henderson Group PLC | 48,400 | 1,254,528 | |||
Jefferies Financial Group, Inc. | 39,400 | 1,547,632 | |||
KKR & Co., Inc. | 19,400 | 1,082,714 | |||
Northern Trust Corp. | 2,600 | 252,122 | |||
State Street Corp. | 26,800 | 2,447,644 | |||
T. Rowe Price Group, Inc. | 2,700 | 314,469 | |||
13,641,921 | |||||
Chemicals 5.8% | |||||
Celanese Corp. | 12,700 | 1,564,640 | |||
Corteva, Inc. | 11,300 | 728,285 | |||
DuPont de Nemours, Inc. | 33,900 | 2,506,905 | |||
Eastman Chemical Co. | 14,900 | 1,313,733 | |||
Huntsman Corp. | 11,200 | 354,928 | |||
International Flavors & Fragrances, Inc. | 11,100 | 1,248,306 | |||
LyondellBasell Industries NV (Class A Stock) | 21,100 | 2,040,159 | |||
Mosaic Co. (The) | 35,000 | 1,733,900 | |||
Westlake Corp. | 12,000 | 1,473,000 | |||
12,963,856 | |||||
Communications Equipment 0.4% | |||||
Motorola Solutions, Inc. | 800 | 205,608 | |||
Viasat, Inc.*(a) | 19,600 | 675,220 | |||
880,828 | |||||
Consumer Finance 2.1% | |||||
Ally Financial, Inc. | 51,259 | 1,665,405 | |||
Discover Financial Services | 9,800 | 1,143,954 | |||
Synchrony Financial | 50,900 | 1,869,557 | |||
4,678,916 |
2
PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Containers & Packaging 2.1% | |||||
International Paper Co. | 45,800 | $1,915,356 | |||
Packaging Corp. of America | 7,900 | 1,127,330 | |||
Westrock Co. | 42,600 | 1,671,624 | |||
4,714,310 | |||||
Distributors 0.2% | |||||
LKQ Corp. | 8,400 | 495,264 | |||
Diversified Financial Services 0.1% | |||||
Corebridge Financial, Inc. | 11,700 | 254,592 | |||
Diversified Telecommunication Services 1.3% | |||||
Frontier Communications Parent, Inc.*(a) | 52,900 | 1,566,369 | |||
Lumen Technologies, Inc.(a) | 262,880 | 1,380,120 | |||
2,946,489 | |||||
Electric Utilities 4.0% | |||||
Avangrid, Inc.(a) | 30,800 | 1,298,836 | |||
Edison International(a) | 16,600 | 1,143,740 | |||
Entergy Corp. | 1,100 | 119,108 | |||
Evergy, Inc. | 26,400 | 1,653,960 | |||
Eversource Energy | 3,500 | 288,155 | |||
FirstEnergy Corp. | 4,600 | 188,370 | |||
NRG Energy, Inc. | 18,900 | 646,758 | |||
Pinnacle West Capital Corp. | 14,800 | 1,103,340 | |||
PPL Corp.(a) | 65,400 | 1,935,840 | |||
Xcel Energy, Inc. | 6,100 | 419,497 | |||
8,797,604 | |||||
Electrical Equipment 0.6% | |||||
AMETEK, Inc. | 1,700 | 246,364 | |||
Regal Rexnord Corp. | 8,500 | 1,183,200 | |||
1,429,564 | |||||
Electronic Equipment, Instruments & Components 1.9% | |||||
Arrow Electronics, Inc.* | 3,100 | 364,219 | |||
Avnet, Inc. | 13,100 | 601,028 | |||
Coherent Corp.*(a) | 14,200 | 616,280 |
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PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Electronic Equipment, Instruments & Components (cont’d.) | |||||
Corning, Inc. | 35,800 | $1,239,038 | |||
TD SYNNEX Corp. | 13,600 | 1,389,240 | |||
4,209,805 | |||||
Energy Equipment & Services 0.2% | |||||
Baker Hughes Co. | 13,100 | 415,794 | |||
Equity Real Estate Investment Trusts (REITs) 14.3% | |||||
Alexandria Real Estate Equities, Inc. | 13,700 | 2,202,138 | |||
Boston Properties, Inc. | 18,600 | 1,386,444 | |||
Cousins Properties, Inc. | 53,100 | 1,456,002 | |||
Douglas Emmett, Inc. | 82,500 | 1,381,875 | |||
EPR Properties | 33,500 | 1,423,080 | |||
Healthcare Realty Trust, Inc. | 71,200 | 1,532,936 | |||
Highwoods Properties, Inc. | 45,200 | 1,372,724 | |||
Host Hotels & Resorts, Inc. | 40,500 | 763,425 | |||
Hudson Pacific Properties, Inc. | 125,500 | 1,429,445 | |||
JBG SMITH Properties | 38,200 | 769,348 | |||
Kilroy Realty Corp. | 34,500 | 1,415,880 | |||
Kimco Realty Corp. | 76,961 | 1,728,544 | |||
Medical Properties Trust, Inc.(a) | 119,669 | 1,549,714 | |||
Park Hotels & Resorts, Inc. | 93,100 | 1,369,501 | |||
Realty Income Corp. | 39,613 | 2,686,950 | |||
SL Green Realty Corp. | 35,395 | 1,456,504 | |||
Spirit Realty Capital, Inc. | 9,900 | 434,412 | |||
Ventas, Inc. | 7,400 | 383,394 | |||
VICI Properties, Inc. | 68,200 | 2,331,076 | |||
Vornado Realty Trust | 59,800 | 1,458,522 | |||
Welltower, Inc. | 14,400 | 1,080,576 | |||
Weyerhaeuser Co. | 61,100 | 2,103,673 | |||
WP Carey, Inc. | 500 | 42,765 | |||
31,758,928 | |||||
Food & Staples Retailing 0.3% | |||||
Kroger Co. (The) | 14,400 | 642,672 | |||
Food Products 1.2% | |||||
Bunge Ltd. | 2,800 | 277,480 | |||
Conagra Brands, Inc. | 11,900 | 442,561 | |||
Tyson Foods, Inc. (Class A Stock) | 28,100 | 1,847,575 | |||
2,567,616 |
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PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Gas Utilities 0.9% | |||||
Atmos Energy Corp. | 5,100 | $599,454 | |||
UGI Corp.(a) | 36,500 | 1,453,795 | |||
2,053,249 | |||||
Health Care Equipment & Supplies 0.9% | |||||
Enovis Corp.* | 8,933 | 562,332 | |||
QuidelOrtho Corp.* | 15,600 | 1,335,516 | |||
Zimmer Biomet Holdings, Inc. | 1,200 | 152,808 | |||
2,050,656 | |||||
Health Care Providers & Services 1.5% | |||||
Laboratory Corp. of America Holdings | 6,600 | 1,663,992 | |||
Quest Diagnostics, Inc. | 8,500 | 1,262,080 | |||
Universal Health Services, Inc. (Class B Stock) | 2,700 | 400,167 | |||
3,326,239 | |||||
Household Durables 3.9% | |||||
D.R. Horton, Inc. | 17,200 | 1,697,468 | |||
Lennar Corp. (Class A Stock) | 21,863 | 2,238,771 | |||
Mohawk Industries, Inc.* | 12,839 | 1,541,450 | |||
PulteGroup, Inc. | 29,547 | 1,680,929 | |||
Toll Brothers, Inc. | 24,633 | 1,465,417 | |||
8,624,035 | |||||
Insurance 6.4% | |||||
Aflac, Inc. | 13,500 | 992,250 | |||
Assured Guaranty Ltd. | 1,600 | 100,160 | |||
Axis Capital Holdings Ltd. | 9,800 | 613,186 | |||
Brighthouse Financial, Inc.* | 11,500 | 647,105 | |||
CNA Financial Corp. | 29,500 | 1,285,020 | |||
Everest Re Group Ltd. | 1,600 | 559,504 | |||
Fidelity National Financial, Inc. | 23,100 | 1,017,093 | |||
First American Financial Corp. | 16,400 | 1,014,668 | |||
Hartford Financial Services Group, Inc. (The) | 19,800 | 1,536,678 | |||
Loews Corp. | 27,100 | 1,666,108 | |||
Markel Corp.* | 1,260 | 1,775,315 | |||
Old Republic International Corp. | 59,100 | 1,559,649 | |||
Unum Group | 35,900 | 1,508,877 | |||
14,275,613 |
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PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
IT Services 2.1% | |||||
DXC Technology Co.* | 46,200 | $1,327,326 | |||
Global Payments, Inc. | 20,800 | 2,344,576 | |||
SS&C Technologies Holdings, Inc. | 2,900 | 175,015 | |||
Twilio, Inc. (Class A Stock)* | 14,500 | 867,680 | |||
4,714,597 | |||||
Life Sciences Tools & Services 0.6% | |||||
Syneos Health, Inc.* | 36,900 | 1,325,448 | |||
Machinery 2.7% | |||||
Cummins, Inc. | 1,300 | 324,402 | |||
Fortive Corp. | 1,600 | 108,848 | |||
Gates Industrial Corp. PLC* | 104,000 | 1,373,840 | |||
Otis Worldwide Corp. | 1,600 | 131,568 | |||
PACCAR, Inc. | 14,500 | 1,584,995 | |||
Parker-Hannifin Corp. | 600 | 195,600 | |||
Snap-on, Inc. | 500 | 124,365 | |||
Stanley Black & Decker, Inc.(a) | 20,000 | 1,786,200 | |||
Westinghouse Air Brake Technologies Corp. | 3,400 | 352,954 | |||
5,982,772 | |||||
Media 3.6% | |||||
DISH Network Corp. (Class A Stock)* | 93,000 | 1,338,270 | |||
Fox Corp. (Class A Stock)(a) | 19,800 | 672,012 | |||
Fox Corp. (Class B Stock) | 15,300 | 485,010 | |||
Liberty Broadband Corp. (Class C Stock)* | 16,900 | 1,517,282 | |||
Liberty Media Corp.-Liberty SiriusXM (Class A Stock)* | 7,000 | 284,340 | |||
Liberty Media Corp.-Liberty SiriusXM (Class C Stock)* | 8,800 | 354,640 | |||
News Corp. (Class A Stock) | 77,900 | 1,578,254 | |||
Paramount Global (Class B Stock)(a) | 77,300 | 1,790,268 | |||
8,020,076 | |||||
Metals & Mining 5.3% | |||||
Alcoa Corp. | 20,100 | 1,050,024 | |||
Cleveland-Cliffs, Inc.* | 78,500 | 1,675,975 | |||
Nucor Corp.(a) | 16,500 | 2,788,830 | |||
Reliance Steel & Aluminum Co. | 7,790 | 1,771,835 | |||
SSR Mining, Inc. (Canada) | 60,600 | 1,026,564 | |||
Steel Dynamics, Inc. | 16,600 | 2,002,624 | |||
United States Steel Corp.(a) | 53,500 | 1,524,215 | |||
11,840,067 |
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PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Mortgage Real Estate Investment Trusts (REITs) 2.6% | |||||
AGNC Investment Corp. | 124,700 | $1,446,520 | |||
Annaly Capital Management, Inc. | 71,631 | 1,681,180 | |||
Rithm Capital Corp. | 134,600 | 1,266,586 | |||
Starwood Property Trust, Inc.(a) | 68,200 | 1,424,698 | |||
5,818,984 | |||||
Multiline Retail 0.3% | |||||
Kohl’s Corp. | 18,200 | 589,134 | |||
Multi-Utilities 0.8% | |||||
Consolidated Edison, Inc. | 12,833 | 1,223,113 | |||
DTE Energy Co. | 500 | 58,185 | |||
Public Service Enterprise Group, Inc. | 6,800 | 421,124 | |||
WEC Energy Group, Inc. | 1,700 | 159,783 | |||
1,862,205 | |||||
Oil, Gas & Consumable Fuels 4.8% | |||||
Antero Resources Corp.* | 24,200 | 697,928 | |||
Chesapeake Energy Corp. | 11,000 | 953,920 | |||
Coterra Energy, Inc. | 46,100 | 1,153,883 | |||
Diamondback Energy, Inc. | 6,600 | 964,392 | |||
DT Midstream, Inc. | 11,600 | 634,056 | |||
EQT Corp. | 30,900 | 1,009,503 | |||
HF Sinclair Corp. | 15,800 | 899,020 | |||
Marathon Oil Corp. | 42,900 | 1,178,463 | |||
Ovintiv, Inc. | 13,400 | 659,682 | |||
Phillips 66 | 21,500 | 2,155,805 | |||
Williams Cos., Inc. (The) | 11,600 | 373,984 | |||
10,680,636 | |||||
Pharmaceuticals 1.1% | |||||
Elanco Animal Health, Inc.* | 45,100 | 619,223 | |||
Viatris, Inc. | 146,489 | 1,781,306 | |||
2,400,529 | |||||
Real Estate Management & Development 0.8% | |||||
Howard Hughes Corp. (The)* | 700 | 59,843 | |||
Jones Lang LaSalle, Inc.* | 8,900 | 1,645,343 | |||
1,705,186 |
7
PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Road & Rail 1.5% | |||||
Knight-Swift Transportation Holdings, Inc. | 27,800 | $1,642,980 | |||
Ryder System, Inc. | 3,941 | 372,070 | |||
U-Haul Holding Co. (XLON) | 2,400 | 160,872 | |||
U-Haul Holding Co. (NYSE) | 20,000 | 1,235,800 | |||
3,411,722 | |||||
Semiconductors & Semiconductor Equipment 0.6% | |||||
MKS Instruments, Inc. | 1,700 | 173,944 | |||
Qorvo, Inc.* | 4,700 | 510,702 | |||
Skyworks Solutions, Inc. | 5,100 | 559,317 | |||
1,243,963 | |||||
Specialty Retail 0.3% | |||||
Petco Health & Wellness Co., Inc.* | 55,000 | 642,950 | |||
Technology Hardware, Storage & Peripherals 1.7% | |||||
Hewlett Packard Enterprise Co. | 118,100 | 1,904,953 | |||
Western Digital Corp.* | 40,300 | 1,771,185 | |||
3,676,138 | |||||
Textiles, Apparel & Luxury Goods 0.7% | |||||
PVH Corp.(a) | 16,700 | 1,501,330 | |||
Thrifts & Mortgage Finance 1.2% | |||||
MGIC Investment Corp. | 92,900 | 1,311,748 | |||
New York Community Bancorp, Inc. | 146,300 | 1,461,537 | |||
2,773,285 | |||||
Trading Companies & Distributors 0.6% | |||||
Air Lease Corp. | 27,800 | 1,250,166 | |||
Total Common Stocks (cost $192,128,026) | 221,439,229 | ||||
Exchange-Traded Fund 0.3% | |||||
iShares Russell Mid-Cap Value ETF (cost $659,561) | 5,900 | 671,715 | |||
Total Long-Term Investments (cost $192,787,587) | 222,110,944 | ||||
8
PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of January 31, 2023 (unaudited) (continued)
Description | Shares | Value | |||
Short-Term Investments 10.8% | |||||
Affiliated Mutual Fund 10.7% | |||||
PGIM Institutional Money Market Fund (cost $23,887,870; includes $23,770,201 of cash collateral for securities on loan)(b)(we) | 23,913,727 | $23,908,944 | |||
Unaffiliated Fund 0.1% | |||||
Dreyfus Government Cash Management (Institutional Shares) (cost $171,452) | 171,452 | 171,452 | |||
Total Short-Term Investments (cost $24,059,322) | 24,080,396 | ||||
TOTAL INVESTMENTS 110.8% (cost $216,846,909) | 246,191,340 | ||||
Liabilities in excess of other assets (10.8)% | (23,992,772) | ||||
Net Assets 100.0% | $222,198,568 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: |
ETF—Exchange-Traded Fund | |
NYSE—New York Stock Exchange | |
REITs—Real Estate Investment Trust | |
XLON—London Stock Exchange |
* | 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 $23,761,292; cash collateral of $23,770,201 (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