PGIM Jennison Value Fund
Schedule of Investments as of November 30, 2019 (unaudited)
Description | Shares | Value | |||
Long-Term Investments 99.2% | |||||
Common Stocks | |||||
Aerospace & Defense 4.3% | |||||
Airbus SE (France) | 38,283 | $5,627,301 | |||
Boeing Co. (The) | 15,894 | 5,820,065 | |||
United Technologies Corp. | 52,687 | 7,815,589 | |||
19,262,955 | |||||
Banks 15.4% | |||||
Bank of America Corp. | 415,939 | 13,859,087 | |||
BB&T Corp. | 86,069 | 4,709,696 | |||
Citigroup, Inc. | 145,062 | 10,897,057 | |||
JPMorgan Chase & Co. | 163,061 | 21,484,917 | |||
PNC Financial Services Group, Inc. (The) | 55,022 | 8,429,921 | |||
SunTrust Banks, Inc. | 67,681 | 4,794,522 | |||
Wells Fargo & Co. | 93,615 | 5,098,273 | |||
69,273,473 | |||||
Beverages 1.5% | |||||
PepsiCo, Inc. | 49,154 | 6,676,588 | |||
Building Products 1.6% | |||||
Johnson Controls International PLC | 171,282 | 7,336,008 | |||
Capital Markets 1.5% | |||||
Goldman Sachs Group, Inc. (The) | 30,794 | 6,816,252 | |||
Chemicals 4.4% | |||||
Dow, Inc. | 63,908 | 3,410,770 | |||
FMC Corp. | 66,887 | 6,552,250 | |||
Linde PLC (United Kingdom) | 48,065 | 9,911,484 | |||
19,874,504 | |||||
Communications Equipment 0.5% | |||||
Cisco Systems, Inc. | 49,679 | 2,250,955 | |||
Consumer Finance 2.9% | |||||
Capital One Financial Corp. | 84,730 | 8,473,847 | |||
SLM Corp. | 505,633 | 4,313,050 | |||
12,786,897 |
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PGIM Jennison Value Fund
Schedule of Investments as of November 30, 2019 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks(Continued) | |||||
Diversified Telecommunication Services 3.4% | |||||
AT&T, Inc. | 148,275 | $5,542,520 | |||
Verizon Communications, Inc. | 161,056 | 9,702,013 | |||
15,244,533 | |||||
Electric Utilities 2.5% | |||||
American Electric Power Co., Inc. | 123,417 | 11,274,143 | |||
Electrical Equipment 1.3% | |||||
Emerson Electric Co.(a) | 77,637 | 5,734,269 | |||
Energy Equipment & Services 0.9% | |||||
Schlumberger Ltd. | 113,828 | 4,120,574 | |||
Entertainment 2.4% | |||||
Walt Disney Co. (The) | 70,068 | 10,620,907 | |||
Equity Real Estate Investment Trusts (REITs) 3.2% | |||||
American Campus Communities, Inc. | 95,953 | 4,609,582 | |||
American Tower Corp. | 21,008 | 4,496,342 | |||
Boston Properties, Inc. | 37,168 | 5,149,255 | |||
14,255,179 | |||||
Food & Staples Retailing 2.6% | |||||
Walmart, Inc. | 97,662 | 11,630,568 | |||
Food Products 3.5% | |||||
Conagra Brands, Inc. | 121,900 | 3,519,253 | |||
Danone SA (France), ADR | 223,739 | 3,673,794 | |||
Mondelez International, Inc. (Class A Stock) | 164,501 | 8,642,883 | |||
15,835,930 | |||||
Health Care Equipment & Supplies 1.9% | |||||
Zimmer Biomet Holdings, Inc. | 58,836 | 8,547,694 | |||
Health Care Providers & Services 2.6% | |||||
Cigna Corp. | 25,630 | 5,123,950 | |||
Laboratory Corp. of America Holdings* | 38,777 | 6,680,889 | |||
11,804,839 |
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PGIM Jennison Value Fund
Schedule of Investments as of November 30, 2019 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks(Continued) | |||||
Hotels, Restaurants & Leisure 1.3% | |||||
McDonald’s Corp. | 29,235 | $5,685,623 | |||
Household Products 2.0% | |||||
Procter & Gamble Co. (The) | 73,882 | 9,018,037 | |||
Insurance 4.5% | |||||
Brighthouse Financial, Inc.* | 57,161 | 2,352,747 | |||
Chubb Ltd. | 67,406 | 10,210,661 | |||
MetLife, Inc. | 149,450 | 7,459,049 | |||
20,022,457 | |||||
Interactive Media & Services 1.4% | |||||
Alphabet, Inc. (Class A Stock)* | 4,725 | 6,161,825 | |||
Media 2.2% | |||||
Comcast Corp. (Class A Stock) | 226,237 | 9,988,364 | |||
Multiline Retail 0.6% | |||||
Dollar Tree, Inc.* | 31,679 | 2,897,361 | |||
Multi-Utilities 2.4% | |||||
Ameren Corp. | 94,470 | 7,021,955 | |||
Dominion Energy, Inc. | 43,097 | 3,581,792 | |||
10,603,747 | |||||
Oil, Gas & Consumable Fuels 7.3% | |||||
Chevron Corp. | 111,689 | 13,082,132 | |||
Noble Energy, Inc. | 134,279 | 2,787,632 | |||
Royal Dutch Shell PLC (Netherlands) (Class A Stock), ADR | 110,842 | 6,372,307 | |||
Suncor Energy, Inc. (Canada) | 202,524 | 6,359,254 | |||
Williams Cos., Inc. (The) | 172,921 | 3,928,765 | |||
32,530,090 | |||||
Pharmaceuticals 7.1% | |||||
AstraZeneca PLC (United Kingdom), ADR | 121,179 | 5,874,758 | |||
Bristol-Myers Squibb Co. | 88,463 | 5,037,083 | |||
Elanco Animal Health, Inc.* | 81,579 | 2,260,554 | |||
Eli Lilly & Co. | 49,419 | 5,799,320 | |||
Merck & Co., Inc. | 63,588 | 5,543,602 | |||
Pfizer, Inc. | 188,876 | 7,275,503 | |||
31,790,820 |
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PGIM Jennison Value Fund
Schedule of Investments as of November 30, 2019 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks(Continued) | |||||
Road & Rail 1.9% | |||||
Union Pacific Corp. | 48,561 | $8,546,250 | |||
Semiconductors & Semiconductor Equipment 3.6% | |||||
Broadcom, Inc. | 19,193 | 6,069,018 | |||
QUALCOMM, Inc. | 58,683 | 4,902,965 | |||
Texas Instruments, Inc. | 41,758 | 5,019,729 | |||
15,991,712 | |||||
Software 2.4% | |||||
Microsoft Corp. | 45,269 | 6,852,821 | |||
SAP SE (Germany), ADR(a) | 30,188 | 4,104,059 | |||
10,956,880 | |||||
Specialty Retail 3.5% | |||||
Advance Auto Parts, Inc. | 19,256 | 3,024,732 | |||
Lowe’s Cos., Inc. | 46,080 | 5,405,645 | |||
Ross Stores, Inc. | 60,978 | 7,082,595 | |||
15,512,972 | |||||
Technology Hardware, Storage & Peripherals 1.4% | |||||
Apple, Inc. | 23,879 | 6,381,663 | |||
Trading Companies & Distributors 1.2% | |||||
United Rentals, Inc.* | 34,955 | 5,349,863 | |||
Total Long-Term Investments (cost $297,268,969) | 444,783,932 | ||||
Short-Term Investments 2.7% | |||||
Affiliated Mutual Funds | |||||
PGIM Core Ultra Short Bond Fund(w) | 3,528,977 | 3,528,977 |
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PGIM Jennison Value Fund
Schedule of Investments as of November 30, 2019 (unaudited) (continued)
Description | Shares | Value | |||
Affiliated Mutual Funds(Continued) | |||||
PGIM Institutional Money Market Fund (cost $8,676,080; includes $8,663,740 of cash collateral for securities on loan)(b)(w) | 8,674,809 | $8,675,677 | |||
Total Short-Term Investments (cost $12,205,057) | 12,204,654 | ||||
TOTAL INVESTMENTS 101.9% (cost $309,474,026) | 456,988,586 | ||||
Liabilities in excess of other assets (1.9)% | (8,370,948) | ||||
Net Assets 100.0% | $448,617,638 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: |
ADR—American Depositary Receipt | |
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 $8,450,536; cash collateral of $8,663,740 (included in liabilities) was received with which the Fund purchased highly liquid short-term investments. |
(b) | Represents security purchased with cash collateral received for securities on loan and includes dividend reinvestment. |
(w) | 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. |
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).
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