NPORT-EX 2 PIPDAS0PRU093023.htm
PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of July 31, 2023 (unaudited)
Description     Shares Value
Long-Term Investments 99.9%
Common Stocks 99.6%
Aerospace & Defense 0.8%
Textron, Inc.       17,700  $1,376,529
TransDigm Group, Inc.       300 269,916
          1,646,445
Automobile Components 0.7%
BorgWarner, Inc.       28,400 1,320,600
Lear Corp.       400 61,904
          1,382,504
Automobiles 0.9%
Harley-Davidson, Inc.       13,900 536,679
Thor Industries, Inc.(a)       11,100 1,281,939
          1,818,618
Banks 4.2%
Citizens Financial Group, Inc.       31,200 1,006,512
Fifth Third Bancorp       47,833 1,391,940
First Citizens BancShares, Inc. (Class A Stock)       300 429,390
Huntington Bancshares, Inc.       87,100 1,066,104
KeyCorp       103,400 1,272,854
M&T Bank Corp.       8,600 1,202,796
New York Community Bancorp, Inc.       38,000 527,060
Regions Financial Corp.       54,400 1,108,128
Webster Financial Corp.       6,500 307,580
          8,312,364
Beverages 0.7%
Molson Coors Beverage Co. (Class B Stock)       20,200 1,409,354
Biotechnology 0.4%
Biogen, Inc.*       1,900 513,361
United Therapeutics Corp.*       900 218,448
          731,809
Broadline Retail 0.7%
Kohl’s Corp.       23,600 671,420
Macy’s, Inc.       39,300 651,987
          1,323,407
1
PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Building Products 1.8%
Builders FirstSource, Inc.*       11,000  $1,588,730
Carrier Global Corp.       7,600 452,580
Owens Corning       10,400 1,455,896
Trane Technologies PLC       300 59,832
          3,557,038
Capital Markets 3.9%
Bank of New York Mellon Corp. (The)       44,800 2,032,128
Carlyle Group, Inc. (The)       11,900 424,235
Franklin Resources, Inc.(a)       44,500 1,301,180
Invesco Ltd.       69,600 1,169,280
Janus Henderson Group PLC       10,800 316,980
Jefferies Financial Group, Inc.       21,300 783,627
State Street Corp.       23,100 1,673,364
          7,700,794
Chemicals 5.9%
Albemarle Corp.       4,800 1,018,944
Celanese Corp.       10,000 1,253,900
CF Industries Holdings, Inc.       8,800 722,304
Corteva, Inc.       5,800 327,294
DuPont de Nemours, Inc.       26,300 2,041,669
Eastman Chemical Co.       3,400 290,972
Huntsman Corp.       12,100 360,217
International Flavors & Fragrances, Inc.       15,700 1,328,377
LyondellBasell Industries NV (Class A Stock)       18,400 1,819,024
Mosaic Co. (The)       35,900 1,463,284
Westlake Corp.       9,000 1,237,500
          11,863,485
Commercial Services & Supplies 0.0%
Republic Services, Inc.       400 60,444
Communications Equipment 0.4%
Viasat, Inc.*(a)       23,100 714,714
Construction & Engineering 0.6%
MDU Resources Group, Inc.       51,300 1,134,756
Consumer Finance 1.8%
Ally Financial, Inc.       44,259 1,351,670
2
PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Consumer Finance (cont’d.)
Discover Financial Services       7,900  $833,845
Synchrony Financial       41,900 1,447,226
          3,632,741
Consumer Staples Distribution & Retail 1.7%
Kroger Co. (The)       37,800 1,838,592
Walgreens Boots Alliance, Inc.       51,500 1,543,455
          3,382,047
Containers & Packaging 1.4%
International Paper Co.       40,600 1,464,036
Westrock Co.       40,800 1,358,232
          2,822,268
Distributors 0.3%
LKQ Corp.       10,500 575,295
Diversified REITs 0.3%
WP Carey, Inc.       8,500 574,005
Diversified Telecommunication Services 0.6%
Frontier Communications Parent, Inc.*       66,100 1,203,681
Electric Utilities 4.1%
Alliant Energy Corp.       1,200 64,488
Avangrid, Inc.(a)       28,300 1,049,364
Edison International       16,400 1,180,144
Entergy Corp.       5,100 523,770
Evergy, Inc.       23,200 1,391,304
Eversource Energy       9,000 650,970
FirstEnergy Corp.       7,100 279,669
Pinnacle West Capital Corp.       8,700 720,534
PPL Corp.       58,200 1,602,246
Xcel Energy, Inc.       12,100 759,033
          8,221,522
Electrical Equipment 0.6%
AMETEK, Inc.       1,200 190,320
Regal Rexnord Corp.       6,800 1,062,024
          1,252,344
3
PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Electronic Equipment, Instruments & Components 2.8%
Arrow Electronics, Inc.*       8,900  $1,268,606
Avnet, Inc.       23,900 1,159,150
Coherent Corp.*       18,600 880,896
Corning, Inc.       25,700 872,258
TD SYNNEX Corp.       12,000 1,184,520
Teledyne Technologies, Inc.*       500 192,265
          5,557,695
Energy Equipment & Services 0.2%
Baker Hughes Co.       13,900 497,481
Financial Services 3.0%
Corebridge Financial, Inc.       57,700 1,079,567
Fidelity National Information Services, Inc.       31,300 1,889,894
Global Payments, Inc.       16,600 1,830,150
MGIC Investment Corp.       72,200 1,208,628
          6,008,239
Food Products 1.9%
Bunge Ltd.       13,900 1,510,513
Conagra Brands, Inc.       11,900 390,439
Darling Ingredients, Inc.*       1,600 110,800
J.M. Smucker Co. (The)       1,100 165,715
Tyson Foods, Inc. (Class A Stock)       27,300 1,521,156
          3,698,623
Gas Utilities 1.3%
Atmos Energy Corp.       7,400 900,654
National Fuel Gas Co.       8,500 451,435
UGI Corp.       42,300 1,141,677
          2,493,766
Ground Transportation 2.1%
Knight-Swift Transportation Holdings, Inc.       22,800 1,385,100
Ryder System, Inc.       13,041 1,332,138
Schneider National, Inc. (Class B Stock)       8,500 261,885
U-Haul Holding Co. (XLON)       2,400 146,064
U-Haul Holding Co. (NYSE)       17,300 989,733
          4,114,920
4
PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Health Care Equipment & Supplies 0.9%
Enovis Corp.*       3,133  $200,199
QuidelOrtho Corp.*(a)       12,900 1,126,944
Zimmer Biomet Holdings, Inc.       4,100 566,415
          1,893,558
Health Care Providers & Services 1.5%
Laboratory Corp. of America Holdings       6,000 1,283,580
Premier, Inc. (Class A Stock)       20,000 555,000
Quest Diagnostics, Inc.       4,900 662,529
Universal Health Services, Inc. (Class B Stock)       3,600 500,256
          3,001,365
Health Care REITs 1.8%
Healthcare Realty Trust, Inc.       63,800 1,246,014
Healthpeak Properties, Inc.       12,200 266,326
Medical Properties Trust, Inc.(a)       119,969 1,210,487
Ventas, Inc.       3,000 145,560
Welltower, Inc.       9,700 796,855
          3,665,242
Hotel & Resort REITs 1.3%
Host Hotels & Resorts, Inc.       79,200 1,457,280
Park Hotels & Resorts, Inc.       82,300 1,121,749
          2,579,029
Hotels, Restaurants & Leisure 0.6%
Penn Entertainment, Inc.*(a)       42,200 1,109,438
Household Durables 4.1%
D.R. Horton, Inc.       13,500 1,714,770
Lennar Corp. (Class A Stock)       15,063 1,910,440
Mohawk Industries, Inc.*       11,039 1,173,887
Newell Brands, Inc.       46,800 522,288
PulteGroup, Inc.       18,447 1,556,743
Toll Brothers, Inc.       15,533 1,247,766
          8,125,894
Independent Power & Renewable Electricity Producers 0.4%
Clearway Energy, Inc. (Class C Stock)       32,300 853,043
5
PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Industrial REITs 0.1%
Rexford Industrial Realty, Inc.       2,100  $115,689
Insurance 4.7%
Aflac, Inc.       2,300 166,382
Arthur J. Gallagher & Co.       900 193,320
Axis Capital Holdings Ltd.       19,500 1,074,840
Brighthouse Financial, Inc.*       13,900 724,607
CNA Financial Corp.       26,100 1,022,076
Fidelity National Financial, Inc.       7,100 278,107
First American Financial Corp.       4,600 291,548
Hartford Financial Services Group, Inc. (The)       16,800 1,207,584
Loews Corp.       22,700 1,422,155
Markel Group, Inc.*       250 362,428
Old Republic International Corp.       47,100 1,298,547
Reinsurance Group of America, Inc.       800 112,280
Unum Group       27,200 1,322,192
          9,476,066
IT Services 0.7%
Cognizant Technology Solutions Corp. (Class A Stock)       10,700 706,521
Twilio, Inc. (Class A Stock)*       10,900 719,727
          1,426,248
Machinery 3.5%
AGCO Corp.       8,200 1,091,420
CNH Industrial NV (United Kingdom)       2,600 37,336
Cummins, Inc.       700 182,560
Fortive Corp.       10,200 799,170
Gates Industrial Corp. PLC*       81,500 1,110,030
Ingersoll Rand, Inc.       11,900 776,713
Otis Worldwide Corp.       1,300 118,248
PACCAR, Inc.       19,350 1,666,616
Parker-Hannifin Corp.       1,500 615,015
Westinghouse Air Brake Technologies Corp.       5,200 615,888
          7,012,996
Media 2.8%
DISH Network Corp. (Class A Stock)*       59,700 473,421
Fox Corp. (Class A Stock)       15,100 505,095
Fox Corp. (Class B Stock)       14,700 461,727
Liberty Broadband Corp. (Class C Stock)*       15,000 1,336,950
Liberty Media Corp.-Liberty SiriusXM (Class A Stock)*       7,900 250,430
6
PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Media (cont’d.)
Liberty Media Corp.-Liberty SiriusXM (Class C Stock)*       10,500  $334,215
News Corp. (Class A Stock)       66,400 1,316,048
Nexstar Media Group, Inc.       300 56,016
Paramount Global (Class B Stock)       47,800 766,234
          5,500,136
Metals & Mining 4.0%
Cleveland-Cliffs, Inc.*       75,300 1,329,045
Nucor Corp.       13,000 2,237,171
Reliance Steel & Aluminum Co.       5,290 1,549,229
SSR Mining, Inc. (Canada)       12,500 182,000
Steel Dynamics, Inc.       13,200 1,406,856
United States Steel Corp.       48,700 1,241,850
          7,946,151
Mortgage Real Estate Investment Trusts (REITs) 2.3%
AGNC Investment Corp.       115,200 1,173,888
Annaly Capital Management, Inc.       63,231 1,270,311
Rithm Capital Corp.       118,200 1,191,456
Starwood Property Trust, Inc.       42,100 873,154
          4,508,809
Multi-Utilities 2.0%
Ameren Corp.       4,200 359,814
CenterPoint Energy, Inc.       5,700 171,513
CMS Energy Corp.       3,300 201,531
Consolidated Edison, Inc.       19,233 1,824,442
DTE Energy Co.       2,700 308,610
Public Service Enterprise Group, Inc.       10,100 637,512
WEC Energy Group, Inc.       6,200 557,132
          4,060,554
Office REITs 0.6%
Alexandria Real Estate Equities, Inc.       2,800 351,904
Cousins Properties, Inc.       8,100 197,883
Highwoods Properties, Inc.       7,800 197,106
Kilroy Realty Corp.       5,300 189,210
Vornado Realty Trust       13,900 312,472
          1,248,575
7
PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Oil, Gas & Consumable Fuels 6.8%
Antero Resources Corp.*       28,200  $754,350
Chesapeake Energy Corp.       9,700 818,098
Coterra Energy, Inc.       39,600 1,090,584
Devon Energy Corp.       26,500 1,431,000
Diamondback Energy, Inc.       8,400 1,237,488
DT Midstream, Inc.       12,900 690,408
EQT Corp.       22,400 944,832
HF Sinclair Corp.       14,600 760,514
Marathon Oil Corp.       37,600 987,752
Ovintiv, Inc.       16,300 751,267
Phillips 66       17,400 1,940,970
Range Resources Corp.       7,200 226,296
Southwestern Energy Co.*       116,200 752,976
Williams Cos., Inc. (The)       35,100 1,209,195
          13,595,730
Passenger Airlines 2.1%
Alaska Air Group, Inc.*       15,200 739,176
Delta Air Lines, Inc.       22,800 1,054,728
Southwest Airlines Co.       28,200 963,312
United Airlines Holdings, Inc.*       27,000 1,466,370
          4,223,586
Pharmaceuticals 2.8%
Elanco Animal Health, Inc.*       102,600 1,238,382
Jazz Pharmaceuticals PLC*       4,200 547,764
Perrigo Co. PLC       31,800 1,165,152
Royalty Pharma PLC (Class A Stock)       41,800 1,311,684
Viatris, Inc.       134,689 1,418,275
          5,681,257
Professional Services 2.3%
Clarivate PLC*       96,300 915,813
Concentrix Corp.       12,800 1,065,472
Jacobs Solutions, Inc.       2,500 313,525
Leidos Holdings, Inc.       4,700 439,591
ManpowerGroup, Inc.       8,400 662,592
SS&C Technologies Holdings, Inc.       21,000 1,223,250
          4,620,243
8
PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Real Estate Management & Development 1.1%
CBRE Group, Inc. (Class A Stock)*       1,400  $116,634
Howard Hughes Corp. (The)*       9,100 768,313
Jones Lang LaSalle, Inc.*       7,700 1,282,435
          2,167,382
Residential REITs 0.3%
AvalonBay Communities, Inc.       1,300 245,245
Equity Residential       2,400 158,256
Essex Property Trust, Inc.       600 146,130
          549,631
Retail REITs 2.1%
Kimco Realty Corp.       68,161 1,380,942
Realty Income Corp.       34,713 2,116,451
Spirit Realty Capital, Inc.       17,900 721,907
          4,219,300
Semiconductors & Semiconductor Equipment 0.6%
Marvell Technology, Inc.       5,800 377,754
MKS Instruments, Inc.       1,000 109,170
ON Semiconductor Corp.*       700 75,425
Qorvo, Inc.*       700 77,014
Skyworks Solutions, Inc.       5,200 594,724
          1,234,087
Software 0.2%
Aspen Technology, Inc.*       1,900 339,150
Specialized REITs 1.8%
EPR Properties       24,700 1,102,608
VICI Properties, Inc.       55,800 1,756,584
Weyerhaeuser Co.       21,500 732,290
          3,591,482
Specialty Retail 1.9%
Advance Auto Parts, Inc.       9,000 669,510
CarMax, Inc.*       1,500 123,915
Lithia Motors, Inc.       2,700 838,431
9
PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Specialty Retail (cont’d.)
Penske Automotive Group, Inc.       6,600  $1,065,372
Petco Health & Wellness Co., Inc.*       123,200 1,005,312
          3,702,540
Technology Hardware, Storage & Peripherals 1.4%
Hewlett Packard Enterprise Co.       96,200 1,671,956
Western Digital Corp.*       28,400 1,208,704
          2,880,660
Textiles, Apparel & Luxury Goods 0.6%
PVH Corp.       13,700 1,228,068
Trading Companies & Distributors 1.2%
Air Lease Corp.       27,600 1,168,584
Ferguson PLC       300 48,486
United Rentals, Inc.       2,600 1,208,168
          2,425,238
     
 
Total Common Stocks
(cost $168,635,123) 		198,671,506
Unaffiliated Exchange-Traded Fund 0.3%
iShares Russell Mid-Cap Value ETF
(cost $593,787) 		      5,200 596,336
     
 
 
Total Long-Term Investments
(cost $169,228,910) 		199,267,842
 
Short-Term Investments 4.1%
Affiliated Mutual Funds 
PGIM Core Government Money Market Fund(wi)     460,028 460,028
10
PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description     Shares Value
 
Affiliated Mutual Funds (Continued)
PGIM Institutional Money Market Fund
(cost $7,824,950; includes $7,776,199 of cash collateral for securities on loan)(b)(wi) 		    7,837,737  $7,833,034
     
 
 
Total Short-Term Investments
(cost $8,284,978) 		8,293,062
 
TOTAL INVESTMENTS 104.0%
(cost $177,513,888) 		        207,560,904
Liabilities in excess of other assets (4.0)% (8,045,476)
 
Net Assets 100.0% $199,515,428
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 $7,695,065; cash collateral of $7,776,199 (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.
(wi) PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Core Government Money Market Fund and PGIM Institutional Money Market Fund, if applicable.
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