VCA-10
Schedule of Investments (unaudited)
as of March 31, 2020
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Description | | Shares | | | Value | |
LONG-TERM INVESTMENTS — 96.2% | | | | | | | | |
COMMON STOCKS | | | | | | | | |
Aerospace & Defense — 1.7% | | | | | | | | |
Northrop Grumman Corp. | | | 4,025 | | | $ | 1,217,764 | |
United Technologies Corp. | | | 8,782 | | | | 828,406 | |
| | | | | | | | |
| | | | | | | 2,046,170 | |
| | | | | | | | |
Automobiles — 1.4% | | | | | | | | |
Tesla, Inc.* | | | 3,218 | | | | 1,686,232 | |
| | | | | | | | |
Banks — 7.7% | | | | | | | | |
Bank of America Corp. | | | 72,981 | | | | 1,549,386 | |
Citigroup, Inc. | | | 33,799 | | | | 1,423,614 | |
JPMorgan Chase & Co. | | | 36,880 | | | | 3,320,306 | |
PNC Financial Services Group, Inc. (The) | | | 12,865 | | | | 1,231,438 | |
Truist Financial Corp. | | | 41,933 | | | | 1,293,214 | |
Wells Fargo & Co. | | | 15,080 | | | | 432,796 | |
| | | | | | | | |
| | | | | | | 9,250,754 | |
| | | | | | | | |
Beverages — 1.2% | | | | | | | | |
PepsiCo, Inc. | | | 11,827 | | | | 1,420,423 | |
| | | | | | | | |
Building Products — 0.9% | | | | | | | | |
Johnson Controls International PLC | | | 40,036 | | | | 1,079,371 | |
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Capital Markets — 1.2% | | | | | | | | |
Goldman Sachs Group, Inc. (The) | | | 9,539 | | | | 1,474,634 | |
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Chemicals — 3.7% | | | | | | | | |
Dow, Inc. | | | 35,211 | | | | 1,029,570 | |
FMC Corp. | | | 16,356 | | | | 1,336,121 | |
Linde PLC (United Kingdom) | | | 11,661 | | | | 2,017,353 | |
| | | | | | | | |
| | | | | | | 4,383,044 | |
| | | | | | | | |
Communications Equipment — 0.5% | | | | | | | | |
Cisco Systems, Inc. | | | 15,271 | | | | 600,303 | |
| | | | | | | | |
Consumer Finance — 1.2% | | | | | | | | |
Capital One Financial Corp. | | | 12,086 | | | | 609,376 | |
SLM Corp. | | | 120,914 | | | | 869,372 | |
| | | | | | | | |
| | | | | | | 1,478,748 | |
| | | | | | | | |
Containers & Packaging — 0.7% | | | | | | | | |
Crown Holdings, Inc.* | | | 14,486 | | | | 840,767 | |
| | | | | | | | |
Diversified Telecommunication Services — 3.1% | | | | | | | | |
AT&T, Inc. | | | 57,998 | | | | 1,690,642 | |
Verizon Communications, Inc. | | | 38,458 | | | | 2,066,348 | |
| | | | | | | | |
| | | | | | | 3,756,990 | |
| | | | | | | | |
Electric Utilities — 1.9% | | | | | | | | |
American Electric Power Co., Inc. | | | 28,424 | | | | 2,273,352 | |
| | | | | | | | |
Electrical Equipment — 0.6% | | | | | | | | |
Emerson Electric Co. | | | 15,054 | | | | 717,323 | |
| | | | | | | | |
| | | | | | | | |
Entertainment — 3.1% | | | | | | | | |
Netflix, Inc.* | | | 6,430 | | | | 2,414,465 | |
Walt Disney Co. (The) | | | 12,881 | | | | 1,244,305 | |
| | | | | | | | |
| | | | | | | 3,658,770 | |
| | | | | | | | |
Equity Real Estate Investment Trusts (REITs) — 2.7% | | | | | | | | |
Alexandria Real Estate Equities, Inc. | | | 4,775 | | | | 654,461 | |
American Campus Communities, Inc. | | | 23,244 | | | | 645,021 | |
American Tower Corp. | | | 5,013 | | | | 1,091,581 | |
Boston Properties, Inc. | | | 9,086 | | | | 838,002 | |
| | | | | | | | |
| | | | | | | 3,229,065 | |
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Food & Staples Retailing — 1.7% | | | | | | | | |
Walmart, Inc. | | | 17,896 | | | | 2,033,344 | |
| | | | | | | | |
Food Products — 2.9% | | | | | | | | |
Conagra Brands, Inc. | | | 32,972 | | | | 967,399 | |
Danone SA (France), ADR | | | 53,395 | | | | 679,985 | |
Mondelez International, Inc. (Class A Stock) | | | 35,217 | | | | 1,763,667 | |
| | | | | | | | |
| | | | | | | 3,411,051 | |
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Health Care Providers & Services — 1.9% | | | | | | | | |
Cigna Corp. | | | 6,249 | | | | 1,107,198 | |
Laboratory Corp. of America Holdings* | | | 9,478 | | | | 1,197,924 | |
| | | | | | | | |
| | | | | | | 2,305,122 | |
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Hotels, Restaurants & Leisure — 0.9% | | | | | | | | |
McDonald’s Corp. | | | 6,244 | | | | 1,032,445 | |
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Household Products — 2.7% | | | | | | | | |
Procter & Gamble Co. (The) | | | 20,687 | | | | 2,275,570 | |
Reckitt Benckiser Group PLC (United Kingdom) | | | 11,951 | | | | 911,346 | |
| | | | | | | | |
| | | | | | | 3,186,916 | |
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Insurance — 3.1% | | | | | | | | |
Chubb Ltd. (Switzerland) | | | 16,238 | | | | 1,813,622 | |
Marsh & McLennan Cos., Inc. | | | 9,016 | | | | 779,524 | |
MetLife, Inc. | | | 36,002 | | | | 1,100,581 | |
| | | | | | | | |
| | | | | | | 3,693,727 | |
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Interactive Media & Services — 4.0% | | | | | | | | |
Alphabet, Inc. (Class A Stock)* | | | 3,151 | | | | 3,661,304 | |
Tencent Holdings Ltd. (China), ADR | | | 21,844 | | | | 1,072,322 | |
| | | | | | | | |
| | | | | | | 4,733,626 | |
| | | | | | | | |
Internet & Direct Marketing Retail — 4.3% | | | | | | | | |
Alibaba Group Holding Ltd. (China), ADR* | | | 10,570 | | | | 2,055,654 | |
Amazon.com, Inc.* | | | 1,600 | | | | 3,119,552 | |
| | | | | | | | |
| | | | | | | 5,175,206 | |
| | | | | | | | |
IT Services — 3.3% | | | | | | | | |
Adyen NV (Netherlands), 144A* | | | 2,452 | | | | 2,084,071 | |
Mastercard, Inc. (Class A Stock) | | | 7,891 | | | | 1,906,150 | |
| | | | | | | | |
| | | | | | | 3,990,221 | |
| | | | | | | | |
Media — 1.1% | | | | | | | | |
Comcast Corp. (Class A Stock) | | | 37,451 | | | | 1,287,565 | |
| | | | | | | | |
| | | | | | | | |
Multi-Utilities — 2.2% | | | | | | | | |
Ameren Corp. | | | 21,890 | | | | 1,594,248 | |
Dominion Energy, Inc. | | | 14,609 | | | | 1,054,624 | |
| | | | | | | | |
| | | | | | | 2,648,872 | |
| | | | | | | | |
Oil, Gas & Consumable Fuels — 3.4% | | | | | | | | |
Chevron Corp. | | | 26,808 | | | | 1,942,508 | |
Royal Dutch Shell PLC (Netherlands) (Class A Stock), ADR | | | 24,015 | | | | 837,883 | |
Suncor Energy, Inc. (Canada) | | | 46,995 | | | | 742,521 | |
Williams Cos., Inc. (The) | | | 41,720 | | | | 590,338 | |
| | | | | | | | |
| | | | | | | 4,113,250 | |
| | | | | | | | |
Personal Products — 1.2% | | | | | | | | |
Estee Lauder Cos., Inc. (The) (Class A Stock) | | | 9,317 | | | | 1,484,571 | |
| | | | | | | | |
Pharmaceuticals — 9.4% | | | | | | | | |
AstraZeneca PLC (United Kingdom), ADR | | | 85,916 | | | | 3,837,008 | |
Bristol-Myers Squibb Co. | | | 23,606 | | | | 1,315,798 | |
Eli Lilly & Co. | | | 25,155 | | | | 3,489,502 | |
Merck & Co., Inc. | | | 15,198 | | | | 1,169,334 | |
Pfizer, Inc. | | | 45,576 | | | | 1,487,601 | |
| | | | | | | | |
| | | | | | | 11,299,243 | |
| | | | | | | | |
Road & Rail — 1.4% | | | | | | | | |
Union Pacific Corp. | | | 11,790 | | | | 1,662,862 | |
| | | | | | | | |
Semiconductors & Semiconductor Equipment — 5.0% | | | | | | | | |
Broadcom, Inc. | | | 5,528 | | | | 1,310,689 | |
NVIDIA Corp. | | | 10,179 | | | | 2,683,184 | |
QUALCOMM, Inc. | | | 14,018 | | | | 948,318 | |
Texas Instruments, Inc. | | | 10,138 | | | | 1,013,090 | |
| | | | | | | | |
| | | | | | | 5,955,281 | |
| | | | | | | | |
Software — 8.2% | | | | | | | | |
Adobe, Inc.* | | | 6,723 | | | | 2,139,528 | |
Microsoft Corp. | | | 31,079 | | | | 4,901,469 | |
salesforce.com, Inc.* | | | 13,275 | | | | 1,911,334 | |
SAP SE (Germany), ADR | | | 8,230 | | | | 909,415 | |
| | | | | | | | |
| | | | | | | 9,861,746 | |
| | | | | | | | |
Specialty Retail — 1.9% | | | | | | | | |
Advance Auto Parts, Inc. | | | 4,598 | | | | 429,086 | |
Lowe’s Cos., Inc. | | | 12,963 | | | | 1,115,466 | |
Ross Stores, Inc. | | | 8,928 | | | | 776,468 | |
| | | | | | | | |
| | | | | | | 2,321,020 | |
| | | | | | | | |
Technology Hardware, Storage & Peripherals — 3.0% | | | | | | | | |
Apple, Inc. | | | 13,978 | | | | 3,554,466 | |
| | | | | | | | |
Textiles,Apparel & Luxury Goods — 2.2% | | | | | | | | |
Kering SA (France) | | | 2,139 | | | | 1,109,589 | |
Lululemon Athletica, Inc. (Canada)* | | | 7,694 | | | | 1,458,398 | |
| | | | | | | | |
| | | | | | | 2,567,987 | |
| | | | | | | | |
| | | | | | | | |
Trading Companies & Distributors — 0.8% | | | | | | | | |
United Rentals, Inc.* | | | 8,903 | | | | 916,119 | |
| | | | | | | | |
TOTAL COMMON STOCKS (cost $92,827,813) | | | | | | | 115,130,586 | |
| | | | | | | | |
SHORT-TERM INVESTMENT — 3.9% | | | | | | | | |
AFFILIATED MUTUAL FUND | | | | | | | | |
PGIM Core Ultra Short Bond Fund (cost $4,670,336)(a) | | | 4,670,336 | | | | 4,670,336 | |
| | | | | | | | |
TOTAL INVESTMENTS — 100.1% (cost $97,498,149) | | | | | | | 119,800,922 | |
Liabilities in excess of other assets — (0.1)% | | | | | | | (73,642 | ) |
| | | | | | | | |
NET ASSETS — 100.0% | | | | | | $ | 119,727,280 | |
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The following abbreviations are used in the quarterly schedule of portfolio holdings:
| | |
144A | | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, typically only to qualified institutional buyers. |
ADR | | American Depositary Receipt |
* | Non-income producing security. |
(a) | PGIM Investments LLC, the manager of the Account, also serves as manager of the PGIM Core Ultra Short Bond Fund. |
Other information regarding the Account is available in the Account’s most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).