PGIM Jennison Value Fund
Schedule of Investments as of May 31, 2020 (unaudited)
Description | Shares | Value | |||
Long-Term Investments 98.8% | |||||
Common Stocks | |||||
Aerospace & Defense 2.8% | |||||
Northrop Grumman Corp. | 15,488 | $5,191,578 | |||
Raytheon Technologies Corp. | 78,085 | 5,038,044 | |||
10,229,622 | |||||
Banks 11.3% | |||||
Bank of America Corp. | 283,951 | 6,848,898 | |||
Citigroup, Inc.(a) | 142,003 | 6,803,364 | |||
JPMorgan Chase & Co. | 144,402 | 14,051,759 | |||
PNC Financial Services Group, Inc. (The)(a) | 50,408 | 5,748,528 | |||
Truist Financial Corp. | 163,725 | 6,021,805 | |||
Wells Fargo & Co. | 59,064 | 1,563,424 | |||
41,037,778 | |||||
Beverages 1.6% | |||||
PepsiCo, Inc. | 44,451 | 5,847,529 | |||
Biotechnology 1.0% | |||||
AbbVie, Inc. | 38,103 | 3,531,005 | |||
Building Products 1.5% | |||||
Johnson Controls International PLC | 167,671 | 5,266,546 | |||
Capital Markets 2.0% | |||||
Goldman Sachs Group, Inc. (The) | 36,709 | 7,212,951 | |||
Chemicals 5.7% | |||||
Dow, Inc. | 135,507 | 5,230,570 | |||
FMC Corp. | 65,477 | 6,443,591 | |||
Linde PLC (United Kingdom) | 43,899 | 8,882,524 | |||
20,556,685 | |||||
Communications Equipment 0.8% | |||||
Cisco Systems, Inc. | 58,962 | 2,819,563 | |||
Consumer Finance 2.3% | |||||
Capital One Financial Corp. | 67,354 | 4,582,766 | |||
SLM Corp. | 494,971 | 3,751,880 | |||
8,334,646 |
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PGIM Jennison Value Fund
Schedule of Investments as of May 31, 2020 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Containers & Packaging 1.0% | |||||
Crown Holdings, Inc.* | 55,711 | $3,645,171 | |||
Diversified Telecommunication Services 3.8% | |||||
AT&T, Inc.(a) | 171,638 | 5,296,749 | |||
Verizon Communications, Inc. | 147,525 | 8,464,984 | |||
13,761,733 | |||||
Electric Utilities 1.9% | |||||
American Electric Power Co., Inc.(a) | 81,417 | 6,940,799 | |||
Electrical Equipment 1.0% | |||||
Emerson Electric Co. | 59,564 | 3,634,595 | |||
Entertainment 1.6% | |||||
Walt Disney Co. (The) | 50,469 | 5,920,014 | |||
Equity Real Estate Investment Trusts (REITs) 3.0% | |||||
Alexandria Real Estate Equities, Inc. | 18,701 | 2,874,718 | |||
American Campus Communities, Inc. | 89,336 | 2,885,553 | |||
American Tower Corp. | 19,324 | 4,988,877 | |||
10,749,148 | |||||
Food & Staples Retailing 2.4% | |||||
Walmart, Inc. | 68,825 | 8,538,430 | |||
Food Products 2.4% | |||||
Conagra Brands, Inc.(a) | 74,346 | 2,586,497 | |||
Mondelez International, Inc. (Class A Stock) | 118,584 | 6,180,598 | |||
8,767,095 | |||||
Health Care Equipment & Supplies 1.2% | |||||
Zimmer Biomet Holdings, Inc. | 35,152 | 4,441,104 | |||
Health Care Providers & Services 3.2% | |||||
Cigna Corp. | 25,089 | 4,950,561 | |||
Laboratory Corp. of America Holdings* | 37,959 | 6,654,972 | |||
11,605,533 | |||||
Hotels, Restaurants & Leisure 1.3% | |||||
McDonald’s Corp. | 24,172 | 4,503,727 |
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PGIM Jennison Value Fund
Schedule of Investments as of May 31, 2020 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Household Durables 1.2% | |||||
D.R. Horton, Inc. | 81,292 | $4,495,448 | |||
Household Products 3.5% | |||||
Procter & Gamble Co. (The) | 73,966 | 8,574,139 | |||
Reckitt Benckiser Group PLC (United Kingdom) | 46,265 | 4,145,699 | |||
12,719,838 | |||||
Insurance 4.6% | |||||
Chubb Ltd.(a) | 63,616 | 7,757,335 | |||
Marsh & McLennan Cos., Inc.(a) | 34,674 | 3,672,670 | |||
MetLife, Inc. | 146,299 | 5,268,227 | |||
16,698,232 | |||||
Interactive Media & Services 1.8% | |||||
Alphabet, Inc. (Class A Stock)* | 4,625 | 6,630,030 | |||
Machinery 0.8% | |||||
Otis Worldwide Corp. | 53,733 | 2,829,043 | |||
Media 1.0% | |||||
Comcast Corp. (Class A Stock) | 91,836 | 3,636,706 | |||
Multi-Utilities 3.8% | |||||
Ameren Corp. | 87,946 | 6,572,204 | |||
Dominion Energy, Inc. | 82,559 | 7,018,341 | |||
13,590,545 | |||||
Oil, Gas & Consumable Fuels 6.1% | |||||
Chevron Corp.(a) | 109,334 | 10,025,928 | |||
ConocoPhillips | 100,226 | 4,227,532 | |||
Suncor Energy, Inc. (Canada) | 187,082 | 3,202,844 | |||
Williams Cos., Inc. (The) | 219,307 | 4,480,442 | |||
21,936,746 | |||||
Pharmaceuticals 7.5% | |||||
AstraZeneca PLC (United Kingdom), ADR | 147,539 | 8,055,629 | |||
Bristol-Myers Squibb Co. | 91,144 | 5,443,120 | |||
Eli Lilly & Co. | 45,870 | 7,015,817 | |||
Pfizer, Inc. | 171,189 | 6,537,708 | |||
27,052,274 |
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PGIM Jennison Value Fund
Schedule of Investments as of May 31, 2020 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Road & Rail 2.3% | |||||
Union Pacific Corp. | 49,499 | $8,407,900 | |||
Semiconductors & Semiconductor Equipment 4.3% | |||||
Broadcom, Inc.(a) | 21,345 | 6,217,158 | |||
QUALCOMM, Inc. | 57,446 | 4,646,232 | |||
Texas Instruments, Inc. | 40,878 | 4,853,854 | |||
15,717,244 | |||||
Software 3.3% | |||||
Microsoft Corp. | 42,003 | 7,697,050 | |||
SAP SE (Germany), ADR | 32,923 | 4,217,436 | |||
11,914,486 | |||||
Specialty Retail 3.9% | |||||
Advance Auto Parts, Inc. | 21,287 | 2,965,705 | |||
Lowe’s Cos., Inc. | 51,701 | 6,739,225 | |||
Ross Stores, Inc. | 46,206 | 4,480,134 | |||
14,185,064 | |||||
Technology Hardware, Storage & Peripherals 1.6% | |||||
Apple, Inc. | 18,277 | 5,810,989 | |||
Trading Companies & Distributors 1.3% | |||||
United Rentals, Inc.*(a) | 34,264 | 4,758,927 | |||
Total Long-Term Investments (cost $266,440,763) | 357,727,146 | ||||
Short-Term Investments 17.3% | |||||
Affiliated Mutual Funds | |||||
PGIM Core Ultra Short Bond Fund(w) | 1,868,870 | 1,868,870 |
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PGIM Jennison Value Fund
Schedule of Investments as of May 31, 2020 (unaudited) (continued)
Description | Shares | Value | |||
Affiliated Mutual Funds (Continued) | |||||
PGIM Institutional Money Market Fund (cost $60,769,750; includes $60,753,380 of cash collateral for securities on loan)(b)(w) | 60,780,173 | $60,786,251 | |||
Total Short-Term Investments (cost $62,638,620) | 62,655,121 | ||||
TOTAL INVESTMENTS 116.1% (cost $329,079,383) | 420,382,267 | ||||
Liabilities in excess of other assets (16.1)% | (58,396,819) | ||||
Net Assets 100.0% | $361,985,448 |
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 $59,468,542; cash collateral of $60,753,380 (included in liabilities) was received with which the Fund purchased highly liquid short-term investments. |
(b) | Represents security, or portion thereof, 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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