UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS
OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: | 811-08915 | |
Exact name of registrant as specified in charter: | Prudential Investment Portfolios 16 | |
Address of principal executive offices: | Gateway Center 3, 100 Mulberry Street, Newark, New Jersey 07102 | |
Name and address of agent for service: | Deborah A. Docs Gateway Center 3, 100 Mulberry Street, Newark, New Jersey 07102 | |
Registrants telephone number, including area code: | 800-225-1852 | |
Date of fiscal year end: | 7/31/2014 | |
Date of reporting period: | 10/31/2013 |
Item 1. Schedule of Investments
Target Conservative Allocation Fund
Schedule of Investments
as of October 31, 2013 (Unaudited)
Shares |
Description |
Value | ||
LONG-TERM INVESTMENTS 94.4% | ||||
COMMON STOCKS 43.1% | ||||
Advertising | ||||
663 | Marin Software, Inc. |
$ 7,684 | ||
| ||||
Aerospace & Defense 0.9% | ||||
2,710 | Boeing Co. (The) |
353,655 | ||
1,100 | Embraer SA, ADR (Brazil) |
32,329 | ||
1,860 | Hexcel Corp.(a) |
78,697 | ||
800 | Lockheed Martin Corp. |
106,672 | ||
303 | Moog, Inc. (Class A Stock)(a) |
18,098 | ||
3,600 | Northrop Grumman Corp. |
387,036 | ||
192 | Teledyne Technologies, Inc.(a) |
17,053 | ||
| ||||
993,540 | ||||
| ||||
Airlines | ||||
2,366 | JetBlue Airways Corp.(a) |
16,775 | ||
677 | US Airways Group, Inc.(a) |
14,874 | ||
| ||||
31,649 | ||||
| ||||
Auto Components 0.4% | ||||
3,850 | Delphi Automotive PLC (United Kingdom) |
220,220 | ||
3,700 | Johnson Controls, Inc. |
170,755 | ||
900 | Lear Corp. |
69,651 | ||
600 | Magna International, Inc. (Canada) |
50,820 | ||
| ||||
511,446 | ||||
| ||||
Auto Parts & Equipment | ||||
320 | Tenneco, Inc.(a) |
16,982 | ||
145 | WABCO Holdings, Inc.(a) |
12,424 | ||
| ||||
29,406 | ||||
| ||||
Automobile Manufacturers | ||||
1,050 | Wabash National Corp.(a) |
12,243 | ||
| ||||
Automobiles 0.3% | ||||
16,700 | Ford Motor Co. |
285,737 | ||
| ||||
Beverages 0.4% | ||||
4,187 | Diageo PLC (United Kingdom) |
133,472 | ||
1,900 | Molson Coors Brewing Co. (Class B Stock) |
102,600 | ||
1,880 | PepsiCo, Inc. |
158,089 | ||
872 | Pernod-Ricard SA (France) |
104,735 | ||
| ||||
498,896 | ||||
| ||||
Biotechnology 1.6% | ||||
623 | Acorda Therapeutics, Inc.(a) |
19,070 | ||
115 | Aegerion Pharmaceuticals, Inc.(a) |
9,524 | ||
2,020 | Alexion Pharmaceuticals, Inc.(a) |
248,359 | ||
800 | Amgen, Inc. |
92,800 | ||
1,300 | Biogen Idec, Inc.(a) |
317,447 | ||
2,042 | Celgene Corp.(a) |
303,216 | ||
479 | Cubist Pharmaceuticals, Inc.(a) |
29,698 |
6,710 | Gilead Sciences, Inc.(a) |
476,343 | ||
1,100 | Illumina, Inc.(a) |
102,861 | ||
412 | Regeneron Pharmaceuticals, Inc.(a) |
118,491 | ||
474 | Seattle Genetics, Inc.(a) |
18,311 | ||
509 | United Therapeutics Corp.(a) |
45,057 | ||
| ||||
1,781,177 | ||||
| ||||
Building Materials | ||||
1,204 | PGT, Inc.(a) |
12,582 | ||
| ||||
Building Products | ||||
225 | Lennox International, Inc. |
17,563 | ||
290 | Trex Co., Inc.(a) |
20,364 | ||
| ||||
37,927 | ||||
| ||||
Business Services 0.4% | ||||
626 | MasterCard, Inc. (Class A Stock) |
448,905 | ||
| ||||
Capital Markets 0.2% | ||||
1,900 | Bank of New York Mellon Corp. (The) |
60,420 | ||
500 | Goldman Sachs Group, Inc. (The) |
80,430 | ||
550 | LPL Financial Holdings, Inc. |
22,407 | ||
1,400 | State Street Corp. |
98,098 | ||
75 | Waddell & Reed Financial, Inc. (Class A Stock) |
4,631 | ||
| ||||
265,986 | ||||
| ||||
Chemicals 0.9% | ||||
1,330 | Airgas, Inc. |
145,063 | ||
202 | Axiall Corp. |
7,856 | ||
3,735 | E.I. du Pont de Nemours & Co. |
228,582 | ||
1,014 | Huntsman Corp. |
23,545 | ||
500 | PPG Industries, Inc. |
91,290 | ||
2,600 | Praxair, Inc. |
324,246 | ||
433 | Quaker Chemical Corp. |
32,869 | ||
263 | Scotts Miracle-Gro Co. (The) (Class A Stock) |
15,443 | ||
486 | Sherwin-Williams Co. (The) |
91,368 | ||
333 | Valspar Corp. (The) |
23,300 | ||
| ||||
983,562 | ||||
| ||||
Commercial Banks 1.0% | ||||
425 | Associated Banc-Corp. |
6,911 | ||
1,000 | BB&T Corp. |
33,970 | ||
500 | Capital Bank Financial Corp. (Class A Stock)(a) |
11,110 | ||
5,375 | CIT Group, Inc. |
258,860 | ||
5,400 | Fifth Third Bancorp |
102,762 | ||
1,280 | FirstMerit Corp. |
28,749 | ||
475 | Fulton Financial Corp. |
5,800 | ||
375 | Hancock Holding Co. |
12,292 | ||
1,400 | PNC Financial Services Group, Inc. |
102,942 | ||
350 | Prosperity Bancshares, Inc. |
21,857 | ||
592 | Trustmark Corp. |
16,079 | ||
307 | UMB Financial Corp. |
18,088 | ||
400 | Union First Market Bankshares Corp. |
9,648 | ||
465 | United Bankshares, Inc. |
13,755 | ||
800 | Webster Financial Corp. |
22,312 | ||
10,801 | Wells Fargo & Co. |
461,095 | ||
| ||||
1,126,230 | ||||
|
Commercial Services 0.9% | ||||
1,650 | FleetCor Technologies, Inc.(a) |
190,327 | ||
1,064 | GEO Group, Inc. (The) |
37,527 | ||
105 | Grand Canyon Education, Inc.(a) |
4,963 | ||
900 | KAR Auction Services, Inc. |
26,748 | ||
150 | McGrath RentCorp |
5,351 | ||
439 | PAREXEL International Corp.(a) |
20,067 | ||
162 | Sothebys |
8,408 | ||
474 | Team Health Holdings, Inc.(a) |
20,591 | ||
1,036 | TravelCenters of America LLC(a) |
8,609 | ||
2,700 | Verisk Analytics, Inc. (Class A Stock)(a) |
185,004 | ||
2,763 | Visa, Inc. (Class A Stock) |
543,399 | ||
617 | Waste Connections, Inc. |
26,371 | ||
| ||||
1,077,365 | ||||
| ||||
Communications Equipment 0.2% | ||||
11,300 | Cisco Systems, Inc. |
254,250 | ||
| ||||
Computer Services & Software 1.6% | ||||
15,499 | EMC Corp. |
373,061 | ||
1,220 | Fortinet, Inc.(a) |
24,534 | ||
305 | Global Payments, Inc. |
18,141 | ||
1,058 | Google, Inc. (Class A Stock)(a) |
1,090,354 | ||
225 | Jack, Henry & Associates, Inc. |
12,287 | ||
50 | Manhattan Associates, Inc.(a) |
5,325 | ||
4,463 | salesforce.com, Inc.(a) |
238,146 | ||
780 | Teradata Corp.(a) |
34,375 | ||
| ||||
1,796,223 | ||||
| ||||
Computers & Peripherals 1.0% | ||||
1,250 | Apple, Inc. |
652,937 | ||
474 | Aspen Technology, Inc.(a) |
18,121 | ||
2,434 | Cognizant Technology Solutions Corp. (Class A Stock)(a) |
211,588 | ||
9,900 | Hewlett-Packard Co. |
241,263 | ||
| ||||
1,123,909 | ||||
| ||||
Construction 0.1% | ||||
593 | Foster Wheeler AG (Switzerland)(a) |
16,005 | ||
444 | Meritage Homes Corp.(a) |
20,153 | ||
470 | Texas Industries, Inc.(a) |
25,239 | ||
277 | URS Corp. |
15,019 | ||
328 | USG Corp.(a) |
8,958 | ||
| ||||
85,374 | ||||
| ||||
Consumer Finance 0.4% | ||||
3,700 | Capital One Financial Corp. |
254,079 | ||
225 | First Cash Financial Services, Inc.(a) |
13,610 | ||
7,500 | SLM Corp. |
190,275 | ||
| ||||
457,964 | ||||
|
Consumer Products & Services 0.2% | ||||
2,569 | Estee Lauder Cos., Inc. (The) (Class A Stock) |
182,296 | ||
269 | Snap-on, Inc. |
27,995 | ||
849 | Vitamin Shoppe, Inc.(a) |
39,827 | ||
| ||||
250,118 | ||||
| ||||
Containers & Packaging | ||||
1,725 | Graphic Packaging Holding Co.(a) |
14,490 | ||
275 | Packaging Corp. of America |
17,127 | ||
500 | Silgan Holdings, Inc. |
22,535 | ||
| ||||
54,152 | ||||
| ||||
Cosmetics/Personal Care 0.1% | ||||
2,141 | Colgate-Palmolive Co. |
138,587 | ||
275 | Elizabeth Arden, Inc.(a) |
9,952 | ||
| ||||
148,539 | ||||
| ||||
Distribution/Wholesale 0.1% | ||||
2,670 | LKQ Corp.(a) |
88,190 | ||
| ||||
Diversified Consumer Services | ||||
550 | Hillenbrand, Inc. |
15,521 | ||
| ||||
Diversified Financial Services 2.7% | ||||
1,238 | Affiliated Managers Group, Inc.(a) |
244,431 | ||
2,930 | American Express Co. |
239,674 | ||
809 | Astoria Financial Corp. |
10,687 | ||
32,353 | Bank of America Corp. |
451,648 | ||
1,490 | BlackRock, Inc. |
448,207 | ||
8,755 | Citigroup, Inc. |
427,069 | ||
4,665 | CME Group, Inc. |
346,189 | ||
1,368 | IntercontinentalExchange, Inc.(a) |
263,654 | ||
10,600 | JPMorgan Chase & Co. |
546,324 | ||
4,490 | Morgan Stanley |
128,998 | ||
213 | Outerwall, Inc.(a) |
13,841 | ||
434 | Stifel Financial Corp.(a) |
17,772 | ||
| ||||
3,138,494 | ||||
| ||||
Diversified Machinery | ||||
125 | DXP Enterprises, Inc.(a) |
11,488 | ||
| ||||
Diversified Operations 0.1% | ||||
788 | LVMH Moet Hennessy Louis Vuitton SA (France) |
151,293 | ||
| ||||
Diversified Telecommunication Services 0.2% | ||||
5,300 | AT&T, Inc. |
191,860 | ||
| ||||
Electric Utilities 0.5% | ||||
3,500 | American Electric Power Co., Inc. |
163,940 | ||
1,000 | Edison International |
49,030 | ||
7,000 | Exelon Corp. |
199,780 | ||
4,500 | PPL Corp. |
137,835 | ||
1,700 | Southern Co. (The) |
69,547 | ||
| ||||
620,132 | ||||
| ||||
Electrical Equipment | ||||
950 | Thermon Group Holdings, Inc.(a) |
22,334 | ||
|
Electronic Components 0.4% | ||||
6,820 | Agilent Technologies, Inc. |
346,183 | ||
579 | Checkpoint Systems, Inc.(a) |
9,855 | ||
587 | Coherent, Inc. |
38,853 | ||
666 | FLIR Systems, Inc. |
18,968 | ||
1,285 | InvenSense, Inc.(a) |
21,704 | ||
616 | Universal Electronics, Inc.(a) |
23,968 | ||
342 | Woodward, Inc. |
13,711 | ||
| ||||
473,242 | ||||
| ||||
Electronic Components & Equipment 0.2% | ||||
4,280 | AMETEK, Inc. |
204,713 | ||
460 | General Cable Corp. |
15,148 | ||
515 | Sanmina Corp.(a) |
7,498 | ||
| ||||
227,359 | ||||
| ||||
Electronic Equipment & Instruments 0.3% | ||||
12,200 | Corning, Inc. |
208,498 | ||
496 | EnerSys |
32,909 | ||
328 | Itron, Inc.(a) |
13,996 | ||
471 | Littelfuse, Inc. |
40,049 | ||
1,375 | TE Connectivity Ltd. (Switzerland) |
70,799 | ||
| ||||
366,251 | ||||
| ||||
Energy Equipment & Services 0.6% | ||||
300 | Atwood Oceanics, Inc.(a) |
15,939 | ||
2,260 | Cameron International Corp.(a) |
123,984 | ||
1,300 | Diamond Offshore Drilling, Inc. |
80,509 | ||
1,400 | Ensco PLC (Class A Stock) |
80,710 | ||
600 | Forum Energy Technologies, Inc.(a) |
17,556 | ||
4,430 | National Oilwell Varco, Inc. |
359,627 | ||
| ||||
678,325 | ||||
| ||||
Engineering/Construction | ||||
550 | MasTec, Inc.(a) |
17,583 | ||
| ||||
Entertainment & Leisure 0.2% | ||||
567 | Bally Technologies, Inc.(a) |
41,470 | ||
5,147 | International Game Technology |
96,764 | ||
450 | International Speedway Corp. (Class A Stock) |
14,720 | ||
409 | Life Time Fitness, Inc.(a) |
18,577 | ||
506 | Pinnacle Entertainment, Inc.(a) |
11,840 | ||
| ||||
183,371 | ||||
| ||||
Farming & Agriculture 0.2% | ||||
2,594 | Monsanto Co. |
272,059 | ||
| ||||
Financial Services 0.1% | ||||
399 | Eaton Vance Corp. |
16,682 | ||
865 | Home Loan Servicing Solutions Ltd. |
20,422 | ||
441 | Raymond James Financial, Inc. |
20,132 | ||
| ||||
57,236 | ||||
|
Food & Staples Retailing 0.9% | ||||
7,130 | CVS Caremark Corp. |
443,914 | ||
4,300 | Kroger Co. (The) |
184,212 | ||
2,800 | Wal-Mart Stores, Inc. |
214,900 | ||
3,000 | Walgreen Co. |
177,720 | ||
| ||||
1,020,746 | ||||
| ||||
Food Products 0.4% | ||||
5,400 | ConAgra Foods, Inc. |
171,774 | ||
7,370 | Mondelez International, Inc. (Class A Stock) |
247,927 | ||
| ||||
419,701 | ||||
| ||||
Foods 0.2% | ||||
1,257 | Danone (France) |
93,099 | ||
533 | Fresh Market, Inc. (The)(a) |
27,135 | ||
900 | Kellogg Co. |
56,925 | ||
327 | United Natural Foods, Inc.(a) |
23,364 | ||
1,540 | WhiteWave Foods Co. (Class A Stock)(a) |
30,816 | ||
| ||||
231,339 | ||||
| ||||
Gas Utilities | ||||
300 | Atmos Energy Corp. |
13,281 | ||
348 | South Jersey Industries, Inc. |
20,723 | ||
| ||||
34,004 | ||||
| ||||
Hand/Machine Tools 0.2% | ||||
668 | Franklin Electric Co., Inc. |
25,284 | ||
2,050 | Stanley Black & Decker, Inc. |
162,134 | ||
| ||||
187,418 | ||||
| ||||
Healthcare Equipment & Supplies 0.4% | ||||
694 | Cantel Medical Corp. |
24,360 | ||
217 | MEDNAX, Inc.(a) |
23,657 | ||
3,500 | Medtronic, Inc. |
200,900 | ||
485 | Sirona Dental Systems, Inc.(a) |
35,041 | ||
200 | Teleflex, Inc. |
18,436 | ||
791 | Thoratec Corp.(a) |
34,163 | ||
800 | Zimmer Holdings, Inc. |
69,976 | ||
| ||||
406,533 | ||||
| ||||
Healthcare Products 0.3% | ||||
90 | Align Technology, Inc.(a) |
5,135 | ||
851 | Arthrocare Corp.(a) |
31,861 | ||
707 | Cooper Cos., Inc. (The) |
91,352 | ||
3,208 | Covidien PLC |
205,665 | ||
375 | Integra LifeSciences Holdings(a) |
17,168 | ||
128 | Intuitive Surgical, Inc.(a) |
47,552 | ||
| ||||
398,733 | ||||
| ||||
Healthcare Providers & Services 0.9% | ||||
929 | Centene Corp.(a) |
52,173 | ||
2,400 | CIGNA Corp. |
184,752 | ||
275 | Community Health Systems, Inc. |
11,998 | ||
800 | Humana, Inc. |
73,720 | ||
150 | LifePoint Hospitals, Inc.(a) |
7,746 |
8,205 | UnitedHealth Group, Inc. |
560,073 | ||
1,500 | WellPoint, Inc. |
127,200 | ||
| ||||
1,017,662 | ||||
| ||||
Healthcare Services | ||||
540 | Air Methods Corp. |
23,609 | ||
40 | athenahealth, Inc.(a) |
5,340 | ||
235 | Covance, Inc.(a) |
20,976 | ||
439 | Healthways, Inc.(a) |
4,228 | ||
| ||||
54,153 | ||||
| ||||
Hotels & Motels 0.3% | ||||
1,725 | Wynn Resorts Ltd. |
286,781 | ||
| ||||
Hotels, Restaurants & Leisure 0.3% | ||||
275 | Jack in the Box, Inc.(a) |
11,187 | ||
3,660 | Las Vegas Sands Corp. |
257,005 | ||
1,508 | Orient-Express Hotels Ltd. (Class A Stock)(a) |
20,072 | ||
| ||||
288,264 | ||||
| ||||
Household Durables | ||||
400 | Harman International Industries, Inc. |
32,408 | ||
125 | Ryland Group, Inc. (The) |
5,025 | ||
| ||||
37,433 | ||||
| ||||
Household Products | ||||
69 | Helen of Troy Ltd.(a) |
3,224 | ||
| ||||
Independent Power Production 0.1% | ||||
4,300 | NRG Energy, Inc. |
122,679 | ||
| ||||
Industrial Conglomerates 0.2% | ||||
10,400 | General Electric Co. |
271,856 | ||
| ||||
Insurance 1.8% | ||||
670 | ACE Ltd. |
63,945 | ||
8,800 | Allstate Corp. (The) |
466,928 | ||
1,373 | American Equity Investment Life Holding Co. |
28,613 | ||
11,085 | American International Group, Inc. |
572,540 | ||
375 | Aspen Insurance Holdings Ltd. |
14,629 | ||
1,225 | CNO Financial Group, Inc. |
19,086 | ||
537 | HCC Insurance Holdings, Inc. |
24,514 | ||
382 | Horace Mann Educators Corp. |
10,581 | ||
750 | Maiden Holdings Ltd. |
8,213 | ||
6,485 | Marsh & McLennan Cos., Inc. |
297,013 | ||
5,030 | MetLife, Inc. |
237,969 | ||
200 | Platinum Underwriters Holdings Ltd. |
12,438 | ||
568 | Protective Life Corp. |
26,174 | ||
277 | Reinsurance Group of America, Inc. |
19,717 | ||
293 | State Auto Financial Corp. |
5,567 | ||
1,100 | Travelers Cos., Inc. (The) |
94,930 | ||
502 | United Fire Group, Inc. |
15,913 | ||
4,400 | Unum Group |
139,656 | ||
684 | Validus Holdings Ltd. |
27,004 | ||
| ||||
2,085,430 | ||||
|
Internet & Catalog Retail 0.7% | ||||
1,175 | Amazon.com, Inc.(a) |
427,735 | ||
362 | priceline.com, Inc.(a) |
381,487 | ||
| ||||
809,222 | ||||
| ||||
Internet Services 0.2% | ||||
934 | Angies List, Inc.(a) |
13,160 | ||
527 | Digital River, Inc.(a) |
9,402 | ||
461 | LinkedIn Corp. (Class A Stock)(a) |
103,112 | ||
1,021 | Sapient Corp.(a) |
16,142 | ||
2,642 | TIBCO Software, Inc.(a) |
64,887 | ||
645 | Trulia, Inc.(a) |
25,781 | ||
| ||||
232,484 | ||||
| ||||
Internet Software & Services 1.0% | ||||
6,270 | eBay, Inc.(a) |
330,492 | ||
6,020 | Facebook, Inc. (Class A Stock)(a) |
302,565 | ||
11,280 | Oracle Corp. |
377,880 | ||
3,100 | Yahoo!, Inc.(a) |
102,083 | ||
| ||||
1,113,020 | ||||
| ||||
Investment Companies | ||||
1,575 | Ares Capital Corp. |
27,358 | ||
918 | KKR Financial Holdings LLC |
9,097 | ||
475 | TCP Capital Corp. |
7,918 | ||
| ||||
44,373 | ||||
| ||||
IT Services 0.1% | ||||
700 | Broadridge Financial Solutions, Inc. |
24,612 | ||
300 | EPAM Systems, Inc.(a) |
11,241 | ||
600 | International Business Machines Corp. |
107,526 | ||
| ||||
143,379 | ||||
| ||||
Leisure Equipment & Products 0.1% | ||||
579 | Polaris Industries, Inc. |
75,820 | ||
| ||||
Life Sciences Tools & Services 0.4% | ||||
4,592 | Thermo Fisher Scientific, Inc. |
449,006 | ||
| ||||
Machinery 0.6% | ||||
525 | Actuant Corp. (Class A Stock) |
19,719 | ||
177 | Chart Industries, Inc.(a) |
19,022 | ||
2,207 | Cummins, Inc. |
280,333 | ||
759 | Manitowoc Co., Inc. (The) |
14,770 | ||
1,900 | PACCAR, Inc. |
105,640 | ||
900 | Parker Hannifin Corp. |
105,048 | ||
1,440 | Roper Industries, Inc. |
182,607 | ||
| ||||
727,139 | ||||
| ||||
Manufacturing 1.0% | ||||
398 | Colfax Corp.(a) |
22,272 | ||
6,648 | Danaher Corp. |
479,254 | ||
2,860 | Honeywell International, Inc. |
248,048 | ||
5,365 | Ingersoll-Rand PLC |
362,299 | ||
| ||||
1,111,873 | ||||
|
Media 2.2% | ||||
700 | AMC Networks, Inc. (Class A Stock)(a) |
49,063 | ||
1,500 | CBS Corp. (Class B Stock) |
88,710 | ||
13,101 | Comcast Corp. (Special Class A Stock) |
606,576 | ||
3,040 | Discovery Communications, Inc. (Class A Stock)(a) |
270,317 | ||
4,800 | Interpublic Group of Cos., Inc. (The) |
80,640 | ||
1,140 | Time Warner Cable, Inc. |
136,971 | ||
5,740 | Time Warner, Inc. |
394,568 | ||
11,430 | Twenty-First Century Fox, Inc. |
389,534 | ||
2,140 | Viacom, Inc. (Class B Stock) |
178,241 | ||
4,290 | Walt Disney Co. (The) |
294,251 | ||
| ||||
2,488,871 | ||||
| ||||
Metals & Mining 0.8% | ||||
498 | AMCOL International Corp. |
15,976 | ||
4,700 | Freeport-McMoRan Copper & Gold, Inc. |
172,772 | ||
200 | Globe Specialty Metals, Inc. |
3,508 | ||
1,139 | Joy Global, Inc. |
64,638 | ||
513 | Northwest Pipe Co.(a) |
18,484 | ||
2,042 | Precision Castparts Corp. |
517,545 | ||
225 | Reliance Steel & Aluminum Co. |
16,490 | ||
877 | RTI International Metals, Inc.(a) |
29,730 | ||
389 | Timken Co. |
20,543 | ||
| ||||
859,686 | ||||
| ||||
Miscellaneous Manufacturing |
||||
331 | TriMas Corp.(a) |
12,532 | ||
| ||||
Multi-Line Retail 0.2% |
||||
3,978 | Target Corp. |
257,735 | ||
| ||||
Multi-Utilities 0.1% |
||||
4,700 | Public Service Enterprise Group, Inc. |
157,450 | ||
| ||||
Office Electronics 0.1% |
||||
16,800 | Xerox Corp. |
166,992 | ||
| ||||
Oil, Gas & Consumable Fuels 2.8% |
||||
2,160 | Anadarko Petroleum Corp. |
205,826 | ||
960 | Antero Resources Corp. |
54,230 | ||
4,490 | Cabot Oil & Gas Corp. |
158,587 | ||
3,000 | Chesapeake Energy Corp. |
83,880 | ||
2,300 | Chevron Corp. |
275,908 | ||
2,400 | ConocoPhillips |
175,920 | ||
150 | Core Laboratories NV |
28,083 | ||
1,778 | Dresser-Rand Group, Inc.(a) |
108,049 | ||
97 | Dril-Quip, Inc.(a) |
11,390 | ||
507 | Geospace Technologies Corp.(a) |
49,392 | ||
488 | Gulfport Energy Corp.(a) |
28,641 | ||
3,603 | HollyFrontier Corp. |
165,954 | ||
7,800 | Marathon Oil Corp. |
275,028 | ||
3,200 | Murphy Oil Corp. |
193,024 | ||
1,444 | Newpark Resources, Inc.(a) |
18,411 | ||
2,889 | Noble Energy, Inc. |
216,473 |
914 | Oasis Petroleum, Inc.(a) |
48,670 | ||
139 | ONEOK, Inc. |
7,854 | ||
1,530 | Pioneer Natural Resources Co. |
313,313 | ||
3,800 | Royal Dutch Shell PLC (Class B Stock), ADR (Netherlands) |
264,176 | ||
1,400 | Royal Dutch Shell PLC, ADR (Netherlands) |
93,324 | ||
819 | Swift Energy Co.(a) |
11,237 | ||
7,500 | Total SA, ADR (France) |
458,850 | ||
374 | WGL Holdings, Inc. |
16,834 | ||
| ||||
3,263,054 | ||||
| ||||
Paper & Forest Products 0.4% | ||||
175 | Clearwater Paper Corp.(a) |
9,138 | ||
8,990 | International Paper Co. |
401,044 | ||
| ||||
410,182 | ||||
| ||||
Pharmaceuticals 3.2% | ||||
5,940 | Abbott Laboratories |
217,107 | ||
6,870 | AbbVie, Inc. |
332,852 | ||
1,230 | Actavis PLC(a) |
190,133 | ||
5,700 | AstraZeneca PLC, ADR (United Kingdom) |
301,302 | ||
6,040 | Bristol-Myers Squibb Co. |
317,221 | ||
2,476 | Catamaran Corp.(a) |
116,273 | ||
1,800 | Eli Lilly & Co. |
89,676 | ||
4,060 | Endo Health Solutions, Inc.(a) |
177,544 | ||
4,054 | Express Scripts Holding Co.(a) |
253,456 | ||
4,100 | Johnson & Johnson |
379,701 | ||
1,454 | Mead Johnson Nutrition Co. |
118,734 | ||
4,400 | Merck & Co., Inc. |
198,396 | ||
936 | Natural Grocers by Vitamin Cottage, Inc.(a) |
37,346 | ||
1,000 | Novartis AG, ADR (Switzerland) |
77,550 | ||
104 | Ophthotech Corp.(a) |
3,486 | ||
1,112 | Perrigo Co. |
153,334 | ||
7,000 | Pfizer, Inc. |
214,760 | ||
448 | Salix Pharmaceuticals Ltd.(a) |
32,144 | ||
2,100 | Sanofi, ADR (France) |
112,308 | ||
519 | Theravance, Inc.(a) |
19,016 | ||
1,910 | Valeant Pharmaceuticals International, Inc.(a) |
201,925 | ||
2,170 | Zoetis, Inc. |
68,702 | ||
| ||||
3,612,966 | ||||
| ||||
Professional Services 0.1% | ||||
375 | ICF International, Inc.(a) |
12,982 | ||
500 | Manpowergroup, Inc. |
39,050 | ||
50 | Towers Watson & Co. (Class A Stock) |
5,741 | ||
| ||||
57,773 | ||||
| ||||
Real Estate Investment Trusts 0.6% | ||||
5,744 | American Tower Corp. |
455,786 | ||
875 | Excel Trust, Inc. |
10,570 | ||
1,227 | First Potomac Realty Trust |
15,080 | ||
1,525 | Hersha Hospitality Trust |
8,647 | ||
300 | Highwoods Properties, Inc. |
11,580 | ||
4,200 | Kimco Realty Corp. |
90,216 | ||
1,386 | Medical Properties Trust, Inc. |
18,073 |
402 | Redwood Trust, Inc. |
7,043 | ||
1,218 | Two Harbors Investment Corp. |
11,364 | ||
| ||||
628,359 | ||||
| ||||
Retail & Merchandising 1.6% | ||||
200 | Abercrombie & Fitch Co. (Class A Stock) |
7,496 | ||
308 | AutoZone, Inc.(a) |
133,885 | ||
488 | Cash America International, Inc. |
19,252 | ||
1,431 | Chicos FAS, Inc. |
24,542 | ||
320 | Chuys Holdings, Inc.(a) |
12,032 | ||
1,739 | Costco Wholesale Corp. |
205,202 | ||
907 | Genesco, Inc.(a) |
61,776 | ||
325 | GNC Holdings, Inc. (Class A Stock) |
19,116 | ||
2,100 | Macys, Inc. |
96,831 | ||
1,600 | PetSmart, Inc. |
116,416 | ||
258 | PVH Corp. |
32,139 | ||
3,275 | Rite Aid Corp.(a) |
17,456 | ||
3,810 | Ross Stores, Inc. |
294,703 | ||
6,200 | Staples, Inc. |
99,944 | ||
3,630 | Starbucks Corp. |
294,211 | ||
1,420 | Tiffany & Co. |
112,421 | ||
1,260 | TJX Cos., Inc. (The) |
76,595 | ||
1,613 | Tractor Supply Co. |
115,088 | ||
1,476 | Yum! Brands, Inc. |
99,807 | ||
| ||||
1,838,912 | ||||
| ||||
Road & Rail 0.1% | ||||
225 | Celadon Group, Inc. |
4,172 | ||
325 | Con-way, Inc. |
13,390 | ||
284 | Landstar System, Inc. |
15,702 | ||
1,300 | Norfolk Southern Corp. |
111,826 | ||
| ||||
145,090 | ||||
| ||||
Semiconductors 0.4% | ||||
5,340 | Altera Corp. |
179,424 | ||
469 | Cabot Microelectronics Corp.(a) |
19,177 | ||
712 | Cavium, Inc.(a) |
28,701 | ||
1,683 | Entegris, Inc.(a) |
17,419 | ||
1,990 | Linear Technology Corp. |
81,869 | ||
250 | Microsemi Corp.(a) |
6,283 | ||
505 | Monolithic Power Systems, Inc. |
16,079 | ||
375 | Semtech Corp.(a) |
11,666 | ||
825 | Skyworks Solutions, Inc.(a) |
21,268 | ||
920 | SunEdison, Inc.(a) |
8,556 | ||
1,236 | Teradyne, Inc.(a) |
21,618 | ||
| ||||
412,060 | ||||
| ||||
Semiconductors & Semiconductor Equipment 0.5% | ||||
8,200 | Intel Corp. |
200,326 | ||
1,500 | NXP Semiconductors NV (Netherlands)(a) |
63,180 | ||
6,305 | Texas Instruments, Inc. |
265,314 | ||
519 | Veeco Instruments, Inc.(a) |
15,160 | ||
| ||||
543,980 | ||||
|
Software 1.8% | ||||
300 | ACI Worldwide, Inc.(a) |
16,536 | ||
2,900 | Autodesk, Inc.(a) |
115,739 | ||
200 | BroadSoft, Inc.(a) |
6,544 | ||
3,000 | CA, Inc. |
95,280 | ||
3,058 | Cerner Corp.(a) |
171,340 | ||
3,555 | Check Point Software Technologies Ltd. (Israel)(a) |
206,261 | ||
3,203 | Citrix Systems, Inc.(a) |
181,866 | ||
203 | Concur Technologies, Inc.(a) |
21,234 | ||
622 | Cornerstone OnDemand, Inc.(a) |
29,464 | ||
373 | Demandware, Inc.(a) |
18,445 | ||
6,250 | Electronic Arts, Inc.(a) |
164,062 | ||
600 | Epiq Systems, Inc. |
8,976 | ||
325 | Fair Isaac Corp. |
18,616 | ||
304 | Guidewire Software, Inc.(a) |
15,419 | ||
291 | Imperva, Inc.(a) |
11,157 | ||
1,763 | MedAssets, Inc.(a) |
40,602 | ||
48 | Medidata Solutions, Inc.(a) |
5,295 | ||
21,945 | Microsoft Corp. |
775,756 | ||
8 | Proofpoint, Inc.(a) |
253 | ||
1,850 | PTC, Inc.(a) |
51,282 | ||
762 | QLIK Technologies, Inc.(a) |
19,309 | ||
550 | SS&C Technologies Holdings, Inc.(a) |
21,615 | ||
100 | Ultimate Software Group, Inc. (The)(a) |
15,448 | ||
500 | Verint Systems, Inc.(a) |
18,260 | ||
740 | VMware, Inc. (Class A Stock)(a) |
60,147 | ||
| ||||
2,088,906 | ||||
| ||||
Specialty Retail 0.1% | ||||
1,004 | Aarons, Inc. |
28,483 | ||
275 | Group 1 Automotive, Inc. |
17,600 | ||
425 | Mens Wearhouse, Inc. (The) |
17,978 | ||
| ||||
64,061 | ||||
| ||||
Telecommunications 0.5% | ||||
659 | Aruba Networks, Inc.(a) |
12,363 | ||
5,285 | CenturyLink, Inc. |
178,950 | ||
348 | EZchip Semiconductor Ltd. (Israel)(a) |
9,013 | ||
371 | IPG Photonics Corp. |
24,586 | ||
342 | Ixia(a) |
4,850 | ||
481 | NICE Systems Ltd., ADR (Israel) |
18,846 | ||
4,700 | QUALCOMM, Inc. |
326,509 | ||
167 | SBA Communications Corp. (Class A Stock)(a) |
14,607 | ||
| ||||
589,724 | ||||
| ||||
Textiles, Apparel & Luxury Goods 0.5% | ||||
240 | Deckers Outdoor Corp.(a) |
16,519 | ||
1,410 | Michael Kors Holdings Ltd.(a) |
108,499 | ||
2,210 | NIKE, Inc. (Class B Stock) |
167,430 | ||
675 | Steven Madden Ltd.(a) |
24,759 | ||
909 | VF Corp. |
195,435 | ||
175 | Wolverine World Wide, Inc. |
10,105 | ||
| ||||
522,747 | ||||
|
Tobacco 0.2% | ||||
2,800 | Altria Group, Inc. |
104,244 | ||
1,950 | Philip Morris International, Inc. |
173,784 | ||
| ||||
278,028 | ||||
| ||||
Trading Companies & Distributors | ||||
175 | United Rentals, Inc.(a) |
11,303 | ||
200 | WESCO International, Inc.(a) |
17,092 | ||
| ||||
28,395 | ||||
| ||||
Transportation 0.4% | ||||
470 | Bristow Group, Inc. |
37,821 | ||
419 | CAI International, Inc.(a) |
9,172 | ||
3,435 | Expeditors International of Washington, Inc. |
155,571 | ||
453 | GATX Corp. |
23,352 | ||
718 | Kansas City Southern |
87,252 | ||
1,039 | Quality Distribution, Inc.(a) |
10,681 | ||
243 | TAL International Group, Inc.(a) |
11,739 | ||
708 | Union Pacific Corp. |
107,191 | ||
| ||||
442,779 | ||||
| ||||
Wireless Telecommunication Services 0.2% | ||||
5,700 | Vodafone Group PLC, ADR (United Kingdom) |
209,874 | ||
| ||||
TOTAL COMMON STOCKS |
49,442,030 | |||
|
Moodys |
Principal |
|||||
ASSET-BACKED SECURITIES 3.2% | ||||||
Collateralized Debt Obligations 1.5% | ||||||
Caa3 | 452 | Sierra Madre Funding Ltd., (Cayman Islands) |
294,969 | |||
Caa3 | 1,075 | Series 2004-1A, Class ALTB, 144A |
781,828 | |||
Aaa | 700 | Venture VIII CDO Ltd., |
680,527 | |||
| ||||||
1,757,324 | ||||||
| ||||||
Non-Residential Mortgage-Backed Security 0.8% | ||||||
Aaa | 855 | SLM Student Loan Trust, |
879,348 | |||
| ||||||
Residential Mortgage-Backed Securities 0.9% | ||||||
BBB+(e) | 220 | Asset Backed Funding Certificates, |
207,491 | |||
Ca | 826 | JPMorgan Mortgage Acquisition Trust, |
492,359 | |||
C | 82 | Merrill Lynch Mortgage Investors Trust, |
16,932 | |||
Caa3 | 517 | Series 2007-MLN1, Class A2A |
351,091 |
Ca | 52 | Soundview Home Equity Loan Trust, |
19,224 | |||
| ||||||
1,087,097 | ||||||
| ||||||
TOTAL ASSET-BACKED SECURITIES |
3,723,769 | |||||
| ||||||
CORPORATE BONDS 5.3% | ||||||
Airlines 0.3% | ||||||
Ba2 | 300 | United Airlines, Inc., Sr. Secd. Notes, 144A |
309,000 | |||
| ||||||
Automobile Manufacturers 0.6% | ||||||
A3 | 700 | Daimler Finance North America LLC, Gtd. Notes, 144A (Germany) |
701,238 | |||
| ||||||
Building & Construction | ||||||
Ca | 100 | Urbi Desarrollos Urbanos SAB de CV, Gtd. Notes, 144A (Mexico) |
16,000 | |||
| ||||||
Diversified Financial Services 1.9% | ||||||
Baa1 | 200 | AK Transneft OJSC Via TransCapitalInvest Ltd., Sr. Unsecd. Notes (Russia) |
244,500 | |||
Baa2 | 600 | Citigroup, Inc., Sr. Unsecd. Notes |
601,603 | |||
Baa3 | 200 | Ford Motor Credit Co. LLC, Sr. Unsecd. Notes |
216,364 | |||
A3 | 600 | JPMorgan Chase & Co., Sr. Unsecd. Notes, MTN |
601,646 | |||
NR | 450 | Tayarra Ltd., Govt. Gtd. Notes (Cayman Islands) |
483,007 | |||
| ||||||
2,147,120 | ||||||
| ||||||
Financial-Bank & Trust 1.5% | ||||||
A2 | 100 | Abbey National Treasury Services PLC, Bank Gtd. Notes, 144A (United Kingdom) |
103,011 | |||
Baa2 | 600 | Banco Santander Brazil SA, Sr. Unsecd. Notes, 144A (Brazil) |
599,998 | |||
BB+(e) | 800 | Lloyds TSB Bank PLC, Jr. Sub. Notes, 144A (United Kingdom) |
1,076,000 | |||
| ||||||
1,779,009 | ||||||
| ||||||
Healthcare Providers & Services 0.5% | ||||||
Baa2 | 500 | Cardinal Health, Inc., Sr. Unsecd. Notes |
565,021 | |||
| ||||||
Oil, Gas & Consumable Fuels 0.4% | ||||||
A2 | 400 | BP Capital Markets PLC, Gtd. Notes (United Kingdom) |
418,428 | |||
|
Telecommunications 0.1% | ||||||
Baa1 | 100 | Verizon Communications, Inc., Sr. Unsecd. Notes |
103,770 | |||
| ||||||
TOTAL CORPORATE BONDS |
6,039,586 | |||||
| ||||||
FOREIGN GOVERNMENT BOND 0.1% | ||||||
Baa3 | EUR 100 | Spain Government Bond, Bonds (Spain) |
141,756 | |||
| ||||||
MUNICIPAL BONDS 0.5% | ||||||
New York 0.2% | ||||||
AAA(e) | 100 | New York State Thruway Authority, Revenue Bonds |
112,672 | |||
AAA(e) | 100 | 5.00%, 03/15/27 |
111,331 | |||
| ||||||
224,003 | ||||||
| ||||||
Texas 0.3% | ||||||
AA+(e) | 300 | Dallas County Hospital District, Series B, General Obligation Ltd. |
338,625 | |||
| ||||||
TOTAL MUNICIPAL BONDS |
562,628 | |||||
| ||||||
RESIDENTIAL MORTGAGE-BACKED SECURITIES 3.8% | ||||||
Ca | 248 | American Home Mortgage Assets Trust, |
181,096 | |||
D(e) | 99 | Bear Stearns Adjustable Rate Mortgage Trust, |
81,369 | |||
B2 | 135 | Bear Stearns ALT-A Trust, |
134,553 | |||
Caa3 | 1,172 | Series 2006-2, Class 21A1 |
744,206 | |||
A2 | EUR 354 | Berica ABS SRL, |
461,476 | |||
Ca | 208 | Countrywide Alternative Loan Trust, |
121,089 | |||
NR | 9 | Fannie Mae REMICS, |
10,436 | |||
NR | 331 | FHLMC Structured Pass-Through Securities, |
337,438 |
NR | 12 | Freddie Mac REMICS, |
12,019 | |||
A+(e) | 135 | GSR Mortgage Loan Trust, |
134,365 | |||
C | 780 | Series 2006-OA1, Class 2A2 |
199,562 | |||
Caa1 | 489 | HomeBanc Mortgage Trust, |
389,357 | |||
D(e) | 422 | JPMorgan Alternative Loan Trust, |
323,041 | |||
Aaa | 200 | Permanent Master Issuer PLC, (United Kingdom) |
200,453 | |||
Aaa | EUR 500 | Series 2011-1A, Class 1A3, 144A |
680,241 | |||
NR | 85 | Vendee Mortgage Trust, |
98,198 | |||
Caa1 | 231 | Washington Mutual Mortgage Pass-Through Certificates, |
214,762 | |||
| ||||||
TOTAL RESIDENTIAL MORTGAGE-BACKED SECURITIES |
4,323,661 | |||||
| ||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS 16.0% | ||||||
5 | Federal Home Loan Mortgage Corp. |
5,302 | ||||
131 | 2.586%(b), 03/01/36 |
139,634 | ||||
40 | 5.50%, 01/01/38 |
43,447 | ||||
187 | Federal National Mortgage Assoc. |
198,269 | ||||
2,000 | 3.50%, TBA |
2,050,625 | ||||
26 | 3.852%(b), 05/01/36 |
26,994 | ||||
8,000 | 4.00%, TBA |
8,403,750 | ||||
476 | 4.50%, 03/01/24-07/01/25 |
505,837 | ||||
12 | 5.00%, 06/01/23 |
12,410 | ||||
5,000 | 5.00%, TBA |
5,425,000 | ||||
1,000 | 5.00%, TBA |
1,087,500 | ||||
34 | 7.50%, 01/01/32 |
35,710 | ||||
4 | Government National Mortgage Assoc. |
3,694 | ||||
385 | 2.50%, 04/20/28 |
388,873 | ||||
17 | 4.50%, 08/15/33-09/15/33 |
17,597 | ||||
24 | 8.50%, 02/20/30-06/15/30 |
26,425 | ||||
| ||||||
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS |
18,371,067 | |||||
| ||||||
U.S. TREASURY OBLIGATIONS 22.4% | ||||||
2,300 | U.S. Treasury Inflationary Indexed Bonds, TIPS |
2,346,478 | ||||
700 | 0.375%, 07/15/23 |
703,183 | ||||
200 | 2.125%, 02/15/41 |
255,118 |
2,000 | 2.375%, 01/15/25 |
2,970,119 | ||||
300 | 2.50%, 01/15/29 |
403,349 | ||||
7,500 | U.S. Treasury Notes |
7,326,563 | ||||
300 | 0.625%, 07/15/14 |
301,067 | ||||
200 | 0.75%, 12/31/17-02/28/18 |
197,304 | ||||
11,061 | 1.375%, 06/30/18-07/31/18 |
11,135,596 | ||||
100 | 2.375%, 05/31/18 |
105,289 | ||||
| ||||||
TOTAL U.S. TREASURY OBLIGATIONS |
25,744,066 | |||||
| ||||||
TOTAL LONG-TERM INVESTMENTS |
108,348,563 | |||||
| ||||||
SHORT-TERM INVESTMENTS 19.0% | ||||||
REPURCHASE AGREEMENTS(h) 13.1% | ||||||
7,500 | Citigroup Global Markets, Inc., 0.13% dated 10/31/13, due |
7,500,000 | ||||
7,500 | Morgan Stanley Co. LLC, 0.13% dated 10/31/13, due |
7,500,000 | ||||
| ||||||
TOTAL REPURCHASE AGREEMENTS |
15,000,000 | |||||
| ||||||
Shares |
||||||
AFFILIATED MONEY MARKET MUTUAL FUND 3.1% | ||||||
3,528,992 | Prudential Investment Portfolios 2 Prudential Core Taxable Money Market Fund |
3,528,992 | ||||
| ||||||
Principal Amount (000)# |
||||||
FOREIGN TREASURY OBLIGATIONS(c) 2.5% | ||||||
EUR | 900 | Italy Buoni Ordinari del Tesoro BOT, (Italy) |
1,220,097 | |||
EUR | 500 | Spain Letras del Tesoro, (Spain) |
675,979 | |||
EUR | 700 | 1.11%, 04/16/14 |
947,758 | |||
| ||||||
TOTAL FOREIGN TREASURY OBLIGATIONS |
2,843,834 | |||||
|
U.S. GOVERNMENT AGENCY OBLIGATION(c) 0.3% | ||||||||
300 | Federal Home Loan Bank |
299,995 | ||||||
| ||||||||
TOTAL SHORT-TERM INVESTMENTS |
21,672,821 | |||||||
| ||||||||
TOTAL INVESTMENTS, BEFORE OPTIONS |
130,021,384 | |||||||
| ||||||||
Notional Amount (000)# |
||||||||
OPTIONS WRITTEN(a) | ||||||||
Call Options | ||||||||
400 | Interest Rate Swap Options, |
Bank of America |
(403) | |||||
1,800 | Pay a fixed rate of 1.40% and receive a floating rate |
Goldman Sachs & Co. |
(3,845) | |||||
200 | Pay a fixed rate of 2.40% and receive a floating rate |
Deutsche Bank |
(723) | |||||
| ||||||||
(4,971) | ||||||||
| ||||||||
Put Options | ||||||||
5,000 | 3 Year Euro Dollar Mid-Curve, |
(1,625) | ||||||
100 | 5 Year CDX.O IG.20 V1 |
Bank of America |
(5) | |||||
400 | Interest Rate Swap Options, |
Bank of America |
(1,285) | |||||
1,800 | Pay a fixed rate of 2.00% and receive a floating rate |
Goldman Sachs & Co. |
(3,117) | |||||
200 | Pay a fixed rate of 2.90% and receive a floating rate |
Deutsche Bank |
(3,190) | |||||
700 | Pay a fixed rate of 2.00% and receive a floating rate |
Bank of America |
(806) | |||||
| ||||||||
(10,028) | ||||||||
| ||||||||
TOTAL OPTIONS WRITTEN |
(14,999) | |||||||
| ||||||||
TOTAL INVESTMENTS, NET OF OPTIONS |
130,006,385 | |||||||
LIABILITIES IN EXCESS OF |
(15,386,545) | |||||||
| ||||||||
NET ASSETS 100% |
$114,619,840 | |||||||
|
The following abbreviations are used in the portfolio descriptions:
144ASecurity was purchased pursuant to Rule 144A under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. Unless otherwise noted, 144A securities are deemed to be liquid.
ADRAmerican Depositary Receipt
CDOCollateralized Debt Obligation
CDXCredit Derivative Index
FHLMCFederal Home Loan Mortgage Corporation
LIBORLondon Interbank Offered Rate
MTNMedium Term Note
NRNot Rated by Moodys or Standard & Poors
REMICSReal Estate Mortgage Investment Conduit
SLMStudent Loan Mortgage
TBATo Be Announced
TIPSTreasury Inflation Protected Securities
BRLBrazilian Real
EUREuro
MXNMexican Peso
NOKNorwegian Krone
| The ratings reflected are as of October 31, 2013. Ratings of certain bonds may have changed subsequent to that date. The Funds current Statement of Additional Information contains a description of Moodys and Standard & Poors ratings. |
# | Principal and notional amount is shown in U.S. dollars unless otherwise stated. |
(a) | Non-income producing security. |
(b) | Variable rate instrument. The interest rate shown reflects the rate in effect at October 31, 2013. |
(c) | Rates shown are the effective yields at purchase date. |
(d) | Represents security, or a portion thereof, segregated as collateral for futures contracts. |
(e) | Standard & Poors rating. |
(f) | Indicates a security or securities that have been deemed illiquid. |
(g) | Prudential Investments LLC, the manager of the Fund, also serves as manager of the Prudential Investment Portfolios 2 - Prudential Core Taxable Money Market Fund. |
(h) | Repurchase agreement is collateralized by U.S. Treasury Notes (coupon rates 0.875%-1.000%, maturity dates 12/31/16-03/31/17), with the aggregate value, including accrued interest of $15,302,626. |
(i) | The United States federal income tax basis of investments and net unrealized appreciation were as follows: |
Tax Basis |
$ | 116,642,781 | ||
|
|
|||
Appreciation |
14,413,384 | |||
Depreciation |
(1,034,781 | ) | ||
|
|
|||
Net Unrealized Appreciation |
$ | 13,378,603 | ||
|
|
The book basis may differ from tax basis due to certain tax related adjustments.
(j) | Includes net unrealized appreciation (depreciation) on the following derivative contracts held at reporting period end: |
Futures contracts open at October 31, 2013:
Number of |
Type |
Expiration |
Value at Trade Date |
Value at October 31, 2013 |
Unrealized Appreciation (Depreciation)(1) |
|||||||||||
Long Positions: |
||||||||||||||||
53 | 90 Day Euro Dollar |
Jun. 2015 | $ | 13,132,075 | $ | 13,163,213 | $ | 31,138 | ||||||||
51 | 90 Day Euro Dollar |
Sep. 2015 | 12,581,828 | 12,648,000 | 66,172 | |||||||||||
48 | 90 Day Euro Dollar |
Dec. 2015 | 11,851,691 | 11,881,801 | 30,110 | |||||||||||
32 | 90 Day Euro Dollar |
Mar. 2016 | 7,876,811 | 7,903,200 | 26,389 | |||||||||||
14 | 90 Day Euro Dollar |
Jun. 2016 | 3,421,606 | 3,448,900 | 27,294 | |||||||||||
20 | 5 Year U.S. Treasury Notes |
Dec. 2013 | 2,382,356 | 2,433,749 | 51,393 | |||||||||||
|
|
|||||||||||||||
$ | 232,496 | |||||||||||||||
|
|
(1) | Cash of $54,000 and U.S. Treasury Security with a market value of $74,243 has been segregated to cover requirements for open futures contracts at October 31, 2013. |
Forward foreign currency exchange contracts outstanding at October 31, 2013:
Purchase Contracts |
Counterparty |
Notional Amount (000) |
Value at Settlement Date Payable |
Current Value |
Unrealized Appreciation (Depreciation) |
|||||||||||||||||
Brazilian Real, |
||||||||||||||||||||||
Expiring 11/04/13 |
Morgan Stanley | BRL | 1,434 | $ | 628,175 | $ | 639,710 | $ | 11,535 | |||||||||||||
Expiring 11/04/13 |
Morgan Stanley | BRL | 89 | 40,967 | 39,645 | (1,322 | ) | |||||||||||||||
Euro, |
||||||||||||||||||||||
Expiring 11/04/13 |
Barclays Capital Group | EUR | 1,453 | 2,001,508 | 1,972,834 | (28,674 | ) | |||||||||||||||
Norwegian Krone, |
||||||||||||||||||||||
Expiring 11/14/13 |
Hong Kong & Shanghai Bank | NOK | 65 | 11,004 | 10,913 | (91 | ) | |||||||||||||||
|
|
|
|
|
|
|||||||||||||||||
$ | 2,681,654 | $ | 2,663,102 | $ | (18,552 | ) | ||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||
Sale Contracts |
Counterparty |
Notional Amount (000) |
Value at Settlement Date Receivable |
Current Value |
Unrealized Appreciation (Depreciation) |
|||||||||||||||||
Brazilian Real, |
||||||||||||||||||||||
Expiring 11/04/13 |
Credit Suisse First Boston Corp. | BRL | 1,523 | $ | 656,115 | $ | 679,355 | $ | (23,240 | ) | ||||||||||||
Expiring 12/03/13 |
Credit Suisse First Boston Corp. | BRL | 89 | 40,700 | 39,370 | 1,330 | ||||||||||||||||
Euro, |
||||||||||||||||||||||
Expiring 11/04/13 |
Goldman Sachs & Co. | EUR | 870 | 1,177,388 | 1,181,256 | (3,868 | ) | |||||||||||||||
Expiring 11/04/13 |
Hong Kong & Shanghai Bank | EUR | 496 | 669,844 | 673,452 | (3,608 | ) | |||||||||||||||
Expiring 11/04/13 |
UBS AG | EUR | 87 | 117,329 | 118,126 | (797 | ) | |||||||||||||||
Expiring 12/03/13 |
Barclays Capital Group | EUR | 1,453 | 2,001,648 | 1,972,942 | 28,706 | ||||||||||||||||
Expiring 02/28/14 |
Goldman Sachs & Co. | EUR | 797 | 1,066,918 | 1,082,332 | (15,414 | ) | |||||||||||||||
Expiring 02/28/14 |
Deutsche Bank | EUR | 100 | 131,886 | 135,801 | (3,915 | ) | |||||||||||||||
Expiring 03/14/14 |
Goldman Sachs & Co. | EUR | 697 | 931,052 | 946,556 | (15,504 | ) | |||||||||||||||
Mexican Peso, |
||||||||||||||||||||||
Expiring 12/17/13 |
JPMorgan Chase | MXN | 936 | 70,565 | 71,433 | (868 | ) | |||||||||||||||
|
|
|
|
|
|
|||||||||||||||||
$ | 6,863,445 | $ | 6,900,623 | $ | (37,178 | ) | ||||||||||||||||
|
|
|
|
|
|
Interest rate swap agreements outstanding at October 31, 2013:
Notional Amount |
Termination Date |
Fixed Rate |
Floating Rate |
Fair Value | Upfront Premiums Paid (Received) |
Unrealized Appreciation |
Counterparty | |||||||||||||||||||||
Over-the-counter swap agreements: |
|
|||||||||||||||||||||||||||
BRL | 2,900 | 01/02/15 | 9.890% | Brazilian overnight interbank lending rate(1) |
$ | 26,779 | $ | | $ | 26,779 | Bank of America Securities LLC | |||||||||||||||||
BRL | 200 | 01/02/15 | 9.930% | Brazilian overnight interbank lending rate(1) |
1,928 | 28 | 1,900 | Morgan Stanley & Co. | ||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||
$ | 28,707 | $ | 28 | $ | 28,679 | |||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||
Notional Amount |
Termination Date |
Fixed Rate |
Floating Rate |
Value at October 31, 2013 |
Value at Trade Date |
Unrealized Depreciation |
||||||||||||||||||||||
Exchange-traded swap agreements: |
|
|||||||||||||||||||||||||||
2,500 | 12/18/43 | 3.500% | 3 month LIBOR(1) |
$ | 60,178 | $ | 132,568 | $ | (72,390 | ) | ||||||||||||||||||
|
|
|
|
|
|
(1) | Fund pays the floating rate and receives the fixed rate. |
# | Notional amount is shown in U.S. dollars unless otherwise stated. |
Credit default swap agreements outstanding at October 31, 2013:
Reference Entity/Obligation |
Termination Date |
Fixed Rate |
Notional Amount (000)(4)# |
Fair Value(3) |
Upfront Premiums Paid (Received) |
Unrealized Appreciation |
Counterparty | |||||||||||||||||||
Over-the-counter credit default swaps on credit indicesSell Protection(1): | ||||||||||||||||||||||||||
Dow Jones CDX IG5 10Y Index |
12/20/15 | 0.460% | 1,500 | $ | 3,377 | $ | | $ | 3,377 | Morgan Stanley & Co. | ||||||||||||||||
Dow Jones CDX IG5 10Y Index |
12/20/15 | 0.460% | 470 | 1,005 | 1,005 | Morgan Stanley & Co. | ||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||
$ | 4,382 | $ | | $ | 4,382 | |||||||||||||||||||||
|
|
|
|
|
|
Reference Entity/Obligation |
Termination Date |
Fixed Rate |
Notional Amount (000)(4)# |
Implied Credit Spread at October 31, 2013(5) |
Fair Value |
Upfront Premiums Paid (Received) |
Unrealized Appreciation |
Counterparty | ||||||||||||||||||||||
Credit default swaps on corporate and/or sovereign issuesSell Protection(1): |
|
|||||||||||||||||||||||||||||
Federal Republic of Brazil |
09/20/16 | 1.000% | 1,400 | 1.221 | % | $ | (5,997 | ) | $ | (18,173 | ) | $ | 12,176 | JPMorgan Chase | ||||||||||||||||
United Mexican States |
09/20/16 | 1.000% | 1,400 | 0.605 | % | 17,073 | 5,199 | 11,874 | JPMorgan Chase | |||||||||||||||||||||
Japan Government |
09/20/16 | 1.000% | 400 | 0.285 | % | 8,549 | 7,384 | 1,165 | Bank of America | |||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||
$ | 19,625 | $ | (5,590 | ) | $ | 25,215 | ||||||||||||||||||||||||
|
|
|
|
|
|
The Fund entered into credit default swap agreements on sovereign issues and credit indices as the protection seller to provide a measure of protection against the current portfolio of investments exposure to market conditions, or to take an active position with respect to the likelihood of a particular issuers default or the referenced entitys credit soundness.
Reference Entity/Obligation |
Termination Date |
Fixed Rate |
Notional Amount (000)(4)# |
Value at October 31, 2013 |
Value at Trade Date |
Unrealized Appreciation |
||||||||||||||||||||
Exchange-traded credit default swapsBuy Protection(2): |
| |||||||||||||||||||||||||
Dow Jones CDX IG21 5Y Index |
12/20/18 | 1.000% | 3,200 | $ | 46,447 | $ | 34,324 | $ | 12,123 | |||||||||||||||||
Dow Jones CDX HY21 5Y Index |
12/20/18 | 5.000% | 600 | 42,735 | 28,656 | 14,079 | ||||||||||||||||||||
iTraxx Main20 5Y Index |
12/20/18 | 1.000% | EUR | 2,800 | 35,526 | 2,560 | 32,966 | |||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||
$ | 124,708 | $ | 65,540 | $ | 59,168 | |||||||||||||||||||||
|
|
|
|
|
|
(1) | If the Fund is a seller of protection, it receives the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
(2) | If the Fund is a buyer of protection, it pays the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and make delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
(3) | The fair value of credit default swap agreements on credit indices serves as an indicator of the current status of the payment/performance risk and represents the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the reporting date. Increasing fair value in absolute terms, represents a deterioration of the referenced entitys credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement. |
(4) | Notional amount represents the maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
(5) | Implied credit spreads, represented in absolute terms, utilized in determining the fair value of credit default swap agreements on sovereign issues of an emerging country as of reporting date serve as an indicator of the current status of the payment/performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include up-front payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entitys credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement. |
# | Notional amount is shown in U.S. dollars unless otherwise stated. |
Various inputs are used in determining the value of the Funds investments. These inputs are summarized in the three broad levels listed below.
Level 1 - quoted prices generally in active markets for identical securities.
Level 2 - other significant observable inputs including, but not limited to, quoted prices for similar securities, interest rates and yield curves, prepayment speeds, foreign currency exchange rates, and amortized cost.
Level 3 - significant unobservable inputs for securities valued in accordance with Board approved fair valuation procedures.
The following is a summary of the inputs used as of October 31, 2013 in valuing such portfolio securities:
Level 1 | Level 2 | Level 3 | ||||||||||
Investments in Securities |
||||||||||||
Common Stocks |
$ | 48,959,431 | $ | 482,599 | $ | | ||||||
Asset-Backed Securities |
||||||||||||
Collateralized Debt Obligation |
| 975,496 | 781,828 | |||||||||
Non-Residential Mortgage-Backed Security |
| 879,348 | | |||||||||
Residential Mortgage-Backed Securities |
| 1,087,097 | | |||||||||
Corporate Bonds |
| 6,039,586 | | |||||||||
Foreign Government Bond |
| 141,756 | | |||||||||
Municipal Bonds |
| 562,628 | | |||||||||
Residential Mortgage-Backed Securities |
| 4,323,661 | | |||||||||
U.S. Government Agency Obligations |
| 18,671,062 | | |||||||||
U.S. Treasury Obligations |
| 25,744,066 | | |||||||||
Repurchase Agreements |
| 15,000,000 | | |||||||||
Affiliated Money Market Mutual Fund |
3,528,992 | | | |||||||||
Foreign Treasury Obligations |
| 2,843,834 | | |||||||||
Options Written |
(1,625 | ) | (13,374 | ) | | |||||||
Other Financial Instruments* |
||||||||||||
Futures |
232,496 | | | |||||||||
Forward foreign currency exchange contracts |
| (55,730 | ) | | ||||||||
Interest rate swap agreements |
(72,390 | ) | 28,679 | | ||||||||
Credit default swap agreements |
59,168 | 29,597 | | |||||||||
|
|
|
|
|
|
|||||||
Total |
$ | 52,706,072 | $ | 76,740,305 | $ | 781,828 | ||||||
|
|
|
|
|
|
The following is a reconciliation of assets in which significant unobservable inputs (Level 3) were used in determining fair value:
Asset-Backed Securities |
||||
Balance as of 7/31/13 |
$ | 1,138,296 | ||
Accrued discounts/premiums |
(4,162 | ) | ||
Realized gain (loss) |
4,297 | |||
Change in unrealized appreciation (depreciation)** |
(20,152 | ) | ||
Purchases |
| |||
Sales |
| |||
Transfers into Level 3 |
| |||
Transfers out of Level 3 |
(336,451 | ) | ||
|
|
|||
Balance as of 10/31/13 |
$ | 781,828 | ||
|
|
* | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are recorded at the unrealized appreciation/depreciation on the instrument. |
** | Of which, $(20,152) was included in Net Assets relating to securities held at the reporting period end. |
It is the Funds policy to recognize transfers in and transfers out at the fair value as of the beginning of the period. At reporting period end, 1 CDO transferred out of Level 3 as a result of being valued by an independent pricing source.
Level 3 securities as presented in the table above are being fair valued using pricing methodologies approved by the Valuation Committee, which contain unobservable inputs. Such methodologies include, but are not limited to, using prices provided by a single broker/dealer, the cost of the investment, and broker quotes adjusted for changes in yields of comparable U.S. Government and other securities using fixed income securities valuation model.
The following is a summary of the fair value of the derivative instruments utilized by the Fund as of October 31, 2013 categorized by risk exposure:
Derivative Fair
Value at 10/31/13 |
||||
Credit contracts |
$ | 88,760 | ||
Foreign exchange contracts |
(55,730 | ) | ||
Interest rate contracts |
173,791 | |||
|
|
|||
Total |
$ | 206,821 | ||
|
|
Prudential Defensive Equity Fund
Schedule of Investments
as of October 31, 2013 (Unaudited)
Shares |
Description |
Value | ||
LONG-TERM INVESTMENTS 94.9% | ||||
COMMON STOCKS | ||||
Aerospace & Defense 2.0% | ||||
8,040 | Boeing Co. (The) |
$ 1,049,220 | ||
3,900 | General Dynamics Corp. |
337,857 | ||
9,100 | Honeywell International, Inc. |
789,243 | ||
1,100 | L-3 Communications Holdings, Inc. |
110,495 | ||
3,120 | Lockheed Martin Corp. |
416,021 | ||
2,700 | Northrop Grumman Corp. |
290,277 | ||
1,690 | Precision Castparts Corp. |
428,330 | ||
3,700 | Raytheon Co. |
304,769 | ||
1,600 | Rockwell Collins, Inc. |
111,728 | ||
3,200 | Textron, Inc. |
92,128 | ||
9,760 | United Technologies Corp. |
1,037,000 | ||
| ||||
4,967,068 | ||||
| ||||
Air Freight & Logistics 0.6% | ||||
1,800 | C.H. Robinson Worldwide, Inc. |
107,532 | ||
2,400 | Expeditors International of Washington, Inc. |
108,696 | ||
3,440 | FedEx Corp. |
450,640 | ||
8,400 | United Parcel Service, Inc. (Class B Stock) |
825,216 | ||
| ||||
1,492,084 | ||||
| ||||
Airlines 0.2% | ||||
9,900 | Delta Air Lines, Inc. |
261,162 | ||
8,100 | Southwest Airlines Co. |
139,482 | ||
| ||||
400,644 | ||||
| ||||
Auto Components 0.3% | ||||
1,140 | BorgWarner, Inc. |
117,568 | ||
2,800 | Delphi Automotive PLC (United Kingdom) |
160,160 | ||
2,400 | Goodyear Tire & Rubber Co. (The) |
50,352 | ||
6,800 | Johnson Controls, Inc. |
313,820 | ||
| ||||
641,900 | ||||
| ||||
Automobiles 0.5% | ||||
39,100 | Ford Motor Co. |
669,001 | ||
9,300 | General Motors Co.* |
343,635 | ||
2,200 | Harley-Davidson, Inc. |
140,888 | ||
| ||||
1,153,524 | ||||
| ||||
Beverages 3.8% | ||||
4,500 | Beam, Inc. |
302,850 | ||
4,500 | Brown-Forman Corp. (Class B Stock) |
328,410 | ||
104,900 | Coca-Cola Co. (The) |
4,150,893 | ||
6,800 | Coca-Cola Enterprises, Inc. |
283,764 | ||
4,600 | Constellation Brands, Inc. (Class A Stock)* |
300,380 | ||
5,600 | Dr. Pepper Snapple Group, Inc. |
265,160 | ||
4,300 | Molson Coors Brewing Co. (Class B Stock) |
232,200 | ||
3,700 | Monster Beverage Corp.* |
211,751 | ||
42,500 | PepsiCo, Inc. |
3,573,825 | ||
| ||||
9,649,233 | ||||
|
Biotechnology 3.5% | ||||
4,630 | Alexion Pharmaceuticals, Inc.* |
569,258 | ||
17,800 | Amgen, Inc. |
2,064,800 | ||
5,620 | Biogen Idec, Inc.* |
1,372,348 | ||
9,720 | Celgene Corp.* |
1,443,323 | ||
36,200 | Gilead Sciences, Inc.* |
2,569,838 | ||
1,850 | Regeneron Pharmaceuticals, Inc.* |
532,060 | ||
5,500 | Vertex Pharmaceuticals, Inc.* |
392,370 | ||
| ||||
8,943,997 | ||||
| ||||
Building Products | ||||
4,100 | Masco Corp. |
86,633 | ||
| ||||
Capital Markets 2.0% | ||||
3,100 | Ameriprise Financial, Inc. |
311,674 | ||
17,500 | Bank of New York Mellon Corp. (The) |
556,500 | ||
1,930 | BlackRock, Inc. |
580,563 | ||
17,700 | Charles Schwab Corp. (The) |
400,905 | ||
4,700 | E*Trade Financial Corp.* |
79,477 | ||
6,290 | Franklin Resources, Inc. |
338,780 | ||
6,350 | Goldman Sachs Group, Inc. (The) |
1,021,461 | ||
6,900 | Invesco Ltd. |
232,875 | ||
1,800 | Legg Mason, Inc. |
69,246 | ||
21,200 | Morgan Stanley |
609,076 | ||
3,500 | Northern Trust Corp. |
197,470 | ||
6,800 | State Street Corp. |
476,476 | ||
4,000 | T. Rowe Price Group, Inc. |
309,640 | ||
| ||||
5,184,143 | ||||
| ||||
Chemicals 1.4% | ||||
1,840 | Air Products & Chemicals, Inc. |
200,578 | ||
590 | Airgas, Inc. |
64,351 | ||
510 | CF Industries Holdings, Inc. |
109,956 | ||
10,600 | Dow Chemical Co. (The) |
418,382 | ||
8,100 | E.I. du Pont de Nemours & Co. |
495,720 | ||
1,400 | Eastman Chemical Co. |
110,306 | ||
2,380 | Ecolab, Inc. |
252,280 | ||
1,200 | FMC Corp. |
87,312 | ||
700 | International Flavors & Fragrances, Inc. |
57,855 | ||
3,900 | LyondellBasell Industries NV (Class A Stock) |
290,940 | ||
4,690 | Monsanto Co. |
491,887 | ||
3,000 | Mosaic Co. (The) |
137,550 | ||
1,270 | PPG Industries, Inc. |
231,877 | ||
2,590 | Praxair, Inc. |
322,999 | ||
780 | Sherwin-Williams Co. (The) |
146,640 | ||
1,100 | Sigma-Aldrich Corp. |
95,073 | ||
| ||||
3,513,706 | ||||
| ||||
Commercial Banks 2.6% | ||||
10,800 | BB&T Corp. |
366,876 | ||
2,900 | Comerica, Inc. |
125,570 | ||
13,700 | Fifth Third Bancorp |
260,711 |
13,300 | Huntington Bancshares, Inc. |
117,040 | ||
14,300 | KeyCorp |
179,179 | ||
2,020 | M&T Bank Corp. |
227,311 | ||
8,100 | PNC Financial Services Group, Inc. |
595,593 | ||
21,700 | Regions Financial Corp. |
208,971 | ||
8,300 | SunTrust Banks, Inc. |
279,212 | ||
27,900 | U.S. Bancorp |
1,042,344 | ||
73,000 | Wells Fargo & Co. |
3,116,370 | ||
3,000 | Zions Bancorporation |
85,110 | ||
| ||||
6,604,287 | ||||
| ||||
Commercial Services & Supplies 0.3% | ||||
2,300 | ADT Corp. (The) |
99,751 | ||
1,200 | Cintas Corp. |
64,524 | ||
1,900 | Iron Mountain, Inc. |
50,426 | ||
2,300 | Pitney Bowes, Inc. |
49,082 | ||
3,100 | Republic Services, Inc. |
103,757 | ||
1,000 | Stericycle, Inc.* |
116,200 | ||
5,300 | Tyco International Ltd. |
193,715 | ||
5,000 | Waste Management, Inc. |
217,700 | ||
| ||||
895,155 | ||||
| ||||
Communications Equipment 0.8% | ||||
37,000 | Cisco Systems, Inc. |
832,500 | ||
600 | F5 Networks, Inc.* |
48,906 | ||
700 | Harris Corp. |
43,372 | ||
1,600 | JDS Uniphase Corp.* |
20,944 | ||
3,500 | Juniper Networks, Inc.* |
65,240 | ||
1,600 | Motorola Solutions, Inc. |
100,032 | ||
11,900 | QUALCOMM, Inc. |
826,693 | ||
| ||||
1,937,687 | ||||
| ||||
Computers & Peripherals 1.7% | ||||
6,280 | Apple, Inc. |
3,280,358 | ||
14,300 | EMC Corp. |
344,201 | ||
13,200 | Hewlett-Packard Co. |
321,684 | ||
2,300 | NetApp, Inc. |
89,263 | ||
1,700 | SanDisk Corp. |
118,150 | ||
2,100 | Seagate Technology PLC |
102,228 | ||
1,500 | Western Digital Corp. |
104,445 | ||
| ||||
4,360,329 | ||||
| ||||
Construction & Engineering 0.1% | ||||
1,900 | Fluor Corp. |
141,018 | ||
1,500 | Jacobs Engineering Group, Inc.* |
91,230 | ||
2,400 | Quanta Services, Inc.* |
72,504 | ||
| ||||
304,752 | ||||
| ||||
Construction Materials | ||||
1,100 | Vulcan Materials Co. |
58,905 | ||
| ||||
Consumer Finance 0.9% | ||||
14,100 | American Express Co. |
1,153,380 | ||
8,900 | Capital One Financial Corp. |
611,163 | ||
7,400 | Discover Financial Services |
383,912 | ||
6,800 | SLM Corp. |
172,516 | ||
| ||||
2,320,971 | ||||
|
Containers & Packaging 0.1% | ||||
800 | Avery Dennison Corp. |
37,696 | ||
1,300 | Ball Corp. |
63,557 | ||
900 | Bemis Co., Inc. |
35,910 | ||
1,500 | MeadWestvaco Corp. |
52,275 | ||
1,400 | Owens-Illinois, Inc.* |
44,506 | ||
1,700 | Sealed Air Corp. |
51,306 | ||
| ||||
285,250 | ||||
| ||||
Distributors | ||||
1,600 | Genuine Parts Co. |
126,128 | ||
| ||||
Diversified Consumer Services | ||||
2,700 | H&R Block, Inc. |
76,788 | ||
| ||||
Diversified Financial Services 4.7% | ||||
162,400 | Bank of America Corp. |
2,267,104 | ||
27,200 | Berkshire Hathaway, Inc. (Class B Stock)* |
3,130,176 | ||
46,000 | Citigroup, Inc. |
2,243,880 | ||
4,800 | CME Group, Inc. |
356,208 | ||
1,150 | IntercontinentalExchange, Inc.* |
221,640 | ||
56,900 | JPMorgan Chase & Co. |
2,932,626 | ||
4,900 | Leucadia National Corp. |
138,866 | ||
4,300 | McGraw Hill Financial, Inc. |
299,624 | ||
3,000 | Moodys Corp. |
211,980 | ||
1,900 | NASDAQ OMX Group, Inc. (The) |
67,317 | ||
3,800 | NYSE Euronext, Inc. |
167,276 | ||
| ||||
12,036,697 | ||||
| ||||
Diversified Telecommunication Services 6.5% | ||||
238,400 | AT&T, Inc. |
8,630,080 | ||
26,900 | CenturyLink, Inc. |
910,834 | ||
44,800 | Frontier Communications Corp. |
197,568 | ||
128,400 | Verizon Communications, Inc. |
6,485,484 | ||
26,600 | Windstream Holdings, Inc. |
227,430 | ||
| ||||
16,451,396 | ||||
| ||||
Electric Utilities 3.7% | ||||
16,700 | American Electric Power Co., Inc. |
782,228 | ||
24,200 | Duke Energy Corp. |
1,735,866 | ||
11,200 | Edison International |
549,136 | ||
6,100 | Entergy Corp. |
394,792 | ||
29,300 | Exelon Corp. |
836,222 | ||
14,300 | FirstEnergy Corp. |
541,541 | ||
14,600 | NextEra Energy, Inc. |
1,237,350 | ||
10,800 | Northeast Utilities |
463,212 | ||
8,500 | Pepco Holdings, Inc. |
163,880 | ||
3,800 | Pinnacle West Capital Corp. |
212,914 | ||
21,600 | PPL Corp. |
661,608 | ||
30,000 | Southern Co. (The) |
1,227,300 | ||
17,000 | Xcel Energy, Inc. |
490,620 | ||
| ||||
9,296,669 | ||||
|
Electrical Equipment 0.5% |
||||
2,800 | AMETEK, Inc. |
133,924 | ||
5,500 | Eaton Corp. PLC |
388,080 | ||
8,300 | Emerson Electric Co. |
555,851 | ||
1,610 | Rockwell Automation, Inc. |
177,760 | ||
1,150 | Roper Industries, Inc. |
145,832 | ||
| ||||
1,401,447 | ||||
| ||||
Electronic Equipment, Instruments & Components 0.2% | ||||
1,100 | Amphenol Corp. (Class A Stock) |
88,319 | ||
10,000 | Corning, Inc. |
170,900 | ||
900 | FLIR Systems, Inc. |
25,632 | ||
1,200 | Jabil Circuit, Inc. |
25,032 | ||
900 | Molex, Inc. |
34,740 | ||
2,900 | TE Connectivity Ltd. (Switzerland) |
149,321 | ||
| ||||
493,944 | ||||
| ||||
Energy Equipment & Services 1.0% | ||||
3,900 | Baker Hughes, Inc. |
226,551 | ||
2,200 | Cameron International Corp.* |
120,692 | ||
600 | Diamond Offshore Drilling, Inc. |
37,158 | ||
2,100 | Ensco PLC (Class A Stock) |
121,065 | ||
2,100 | FMC Technologies, Inc.* |
106,155 | ||
7,400 | Halliburton Co. |
392,422 | ||
1,000 | Helmerich & Payne, Inc. |
77,550 | ||
2,200 | Nabors Industries Ltd. |
38,456 | ||
3,800 | National Oilwell Varco, Inc. |
308,484 | ||
2,200 | Noble Corp. |
82,940 | ||
1,100 | Rowan Cos. PLC (Class A Stock)* |
39,688 | ||
11,700 | Schlumberger Ltd. |
1,096,524 | ||
| ||||
2,647,685 | ||||
| ||||
Food & Staples Retailing 4.1% |
||||
12,020 | Costco Wholesale Corp. |
1,418,360 | ||
33,800 | CVS Caremark Corp. |
2,104,388 | ||
14,200 | Kroger Co. (The) |
608,328 | ||
6,600 | Safeway, Inc. |
230,340 | ||
16,200 | Sysco Corp. |
523,908 | ||
44,800 | Wal-Mart Stores, Inc. |
3,438,400 | ||
23,900 | Walgreen Co. |
1,415,836 | ||
10,300 | Whole Foods Market, Inc. |
650,239 | ||
| ||||
10,389,799 | ||||
| ||||
Food Products 2.8% |
||||
18,100 | Archer-Daniels-Midland Co. |
740,290 | ||
4,900 | Campbell Soup Co. |
208,593 | ||
11,600 | ConAgra Foods, Inc. |
368,996 | ||
17,700 | General Mills, Inc. |
892,434 | ||
4,100 | Hershey Co. (The) |
406,884 | ||
3,700 | Hormel Foods Corp. |
160,802 | ||
2,900 | J.M. Smucker Co. (The) |
322,509 | ||
7,100 | Kellogg Co. |
449,075 | ||
16,400 | Kraft Foods Group, Inc. |
891,832 | ||
3,600 | McCormick & Co., Inc. |
248,940 |
5,600 | Mead Johnson Nutrition Co. |
457,296 | ||
49,000 | Mondelez International, Inc. (Class A Stock) |
1,648,360 | ||
7,600 | Tyson Foods, Inc. (Class A Stock) |
210,292 | ||
| ||||
7,006,303 | ||||
| ||||
Gas Utilities 0.2% |
||||
4,100 | AGL Resources, Inc. |
196,226 | ||
7,100 | ONEOK, Inc. |
401,150 | ||
| ||||
597,376 | ||||
| ||||
Healthcare Equipment & Supplies 3.0% |
||||
36,700 | Abbott Laboratories |
1,341,385 | ||
12,800 | Baxter International, Inc. |
843,136 | ||
4,600 | Becton, Dickinson and Co. |
483,598 | ||
31,700 | Boston Scientific Corp.* |
370,573 | ||
1,880 | C.R. Bard, Inc. |
256,094 | ||
5,000 | CareFusion Corp.* |
193,850 | ||
10,900 | Covidien PLC |
698,799 | ||
3,400 | DENTSPLY International, Inc. |
160,140 | ||
2,700 | Edwards Lifesciences Corp.* |
176,013 | ||
940 | Intuitive Surgical, Inc.* |
349,210 | ||
23,600 | Medtronic, Inc. |
1,354,640 | ||
6,800 | St. Jude Medical, Inc. |
390,252 | ||
7,000 | Stryker Corp. |
517,020 | ||
2,600 | Varian Medical Systems, Inc.* |
188,708 | ||
4,000 | Zimmer Holdings, Inc. |
349,880 | ||
| ||||
7,673,298 | ||||
| ||||
Healthcare Providers & Services 2.9% |
||||
8,800 | Aetna, Inc. |
551,760 | ||
5,500 | AmerisourceBergen Corp. |
359,315 | ||
8,000 | Cardinal Health, Inc. |
469,280 | ||
6,700 | CIGNA Corp. |
515,766 | ||
4,180 | DaVita Healthcare Partners, Inc.* |
234,958 | ||
19,200 | Express Scripts Holding Co.* |
1,200,384 | ||
3,700 | Humana, Inc. |
340,955 | ||
2,130 | Laboratory Corp. of America Holdings* |
214,917 | ||
5,410 | McKesson Corp. |
845,799 | ||
1,900 | Patterson Cos., Inc. |
80,769 | ||
3,600 | Quest Diagnostics, Inc. |
215,676 | ||
2,400 | Tenet Healthcare Corp.* |
113,256 | ||
24,000 | UnitedHealth Group, Inc. |
1,638,240 | ||
7,100 | WellPoint, Inc. |
602,080 | ||
| ||||
7,383,155 | ||||
| ||||
Healthcare Technology 0.2% |
||||
7,000 | Cerner Corp.* |
392,210 | ||
| ||||
Hotels, Restaurants & Leisure 1.1% |
||||
4,300 | Carnival Corp. |
148,995 | ||
310 | Chipotle Mexican Grill, Inc.* |
163,361 | ||
1,300 | Darden Restaurants, Inc. |
66,989 | ||
2,500 | International Game Technology |
47,000 | ||
2,200 | Marriott International, Inc. (Class A Stock) |
99,176 | ||
10,000 | McDonalds Corp. |
965,200 |
7,500 | Starbucks Corp. |
607,875 | ||
1,900 | Starwood Hotels & Resorts Worldwide, Inc. |
139,878 | ||
1,300 | Wyndham Worldwide Corp. |
86,320 | ||
810 | Wynn Resorts Ltd. |
134,662 | ||
4,400 | Yum! Brands, Inc. |
297,528 | ||
| ||||
2,756,984 | ||||
| ||||
Household Durables 0.2% | ||||
2,800 | D.R. Horton, Inc. |
53,060 | ||
1,200 | Garmin Ltd. |
56,100 | ||
700 | Harman International Industries, Inc. |
56,714 | ||
1,400 | Leggett & Platt, Inc. |
41,636 | ||
1,600 | Lennar Corp. (Class A Stock) |
56,880 | ||
2,800 | Newell Rubbermaid, Inc. |
82,964 | ||
3,400 | PulteGroup, Inc. |
60,010 | ||
790 | Whirlpool Corp. |
115,348 | ||
| ||||
522,712 | ||||
| ||||
Household Products 3.6% | ||||
3,600 | Clorox Co. (The) |
324,684 | ||
24,300 | Colgate-Palmolive Co. |
1,572,939 | ||
10,600 | Kimberly-Clark Corp. |
1,144,800 | ||
75,400 | Procter & Gamble Co. (The) |
6,088,550 | ||
| ||||
9,130,973 | ||||
| ||||
Independent Power Producers & Energy Traders 0.2% | ||||
21,100 | AES Corp. (The) |
297,299 | ||
11,000 | NRG Energy, Inc. |
313,830 | ||
| ||||
611,129 | ||||
| ||||
Industrial Conglomerates 1.8% | ||||
7,520 | 3M Co. |
946,392 | ||
6,900 | Danaher Corp. |
497,421 | ||
117,700 | General Electric Co. |
3,076,678 | ||
| ||||
4,520,491 | ||||
| ||||
Insurance 2.6% | ||||
5,200 | ACE Ltd. |
496,288 | ||
7,100 | Aflac, Inc. |
461,358 | ||
7,100 | Allstate Corp. (The) |
376,726 | ||
22,400 | American International Group, Inc. |
1,156,960 | ||
4,700 | Aon PLC (United Kingdom) |
371,723 | ||
1,300 | Assurant, Inc. |
76,024 | ||
4,000 | Chubb Corp. (The) |
368,320 | ||
2,400 | Cincinnati Financial Corp. |
120,000 | ||
7,900 | Genworth Financial, Inc. (Class A Stock)* |
114,787 | ||
7,000 | Hartford Financial Services Group, Inc. (The) |
235,900 | ||
4,100 | Lincoln National Corp. |
186,181 | ||
4,800 | Loews Corp. |
231,888 | ||
8,400 | Marsh & McLennan Cos., Inc. |
384,720 | ||
17,000 | MetLife, Inc. |
804,270 | ||
4,300 | Principal Financial Group, Inc. |
204,078 | ||
8,600 | Progressive Corp. (The) |
223,342 | ||
1,500 | Torchmark Corp. |
109,290 |
5,700 | Travelers Cos., Inc. (The) |
491,910 | ||
4,200 | Unum Group |
133,308 | ||
4,500 | XL Group PLC (Ireland) |
137,565 | ||
| ||||
6,684,638 | ||||
| ||||
Internet & Catalog Retail 0.9% | ||||
3,680 |
Amazon.com, Inc.* |
1,339,630 | ||
1,100 | Expedia, Inc. |
64,768 | ||
590 | Netflix, Inc.* |
190,263 | ||
520 | priceline.com, Inc.* |
547,992 | ||
1,100 | Tripadvisor, Inc.* |
90,981 | ||
| ||||
2,233,634 | ||||
| ||||
Internet Software & Services 1.1% | ||||
1,200 | Akamai Technologies, Inc.* |
53,688 | ||
8,000 | eBay, Inc.* |
421,680 | ||
1,940 | Google, Inc. (Class A Stock)* |
1,999,325 | ||
900 | VeriSign, Inc.* |
48,852 | ||
6,500 | Yahoo!, Inc.* |
214,045 | ||
| ||||
2,737,590 | ||||
| ||||
IT Services 1.5% | ||||
4,500 | Accenture PLC (Class A Stock) |
330,750 | ||
3,300 | Automatic Data Processing, Inc. |
247,401 | ||
2,100 | Cognizant Technology Solutions Corp. (Class A Stock)* |
182,553 | ||
1,000 | Computer Sciences Corp. |
49,260 | ||
2,000 | Fidelity National Information Services, Inc. |
97,500 | ||
900 | Fiserv, Inc.* |
94,257 | ||
7,130 | International Business Machines Corp. |
1,277,767 | ||
720 | MasterCard, Inc. (Class A Stock) |
516,312 | ||
2,200 | Paychex, Inc. |
92,972 | ||
1,100 | Teradata Corp.* |
48,477 | ||
1,100 | Total System Services, Inc. |
32,813 | ||
3,580 | Visa, Inc. (Class A Stock) |
704,079 | ||
3,800 | Western Union Co. (The) |
64,676 | ||
| ||||
3,738,817 | ||||
| ||||
Leisure Equipment & Products 0.1% | ||||
1,100 | Hasbro, Inc. |
56,815 | ||
3,400 | Mattel, Inc. |
150,858 | ||
| ||||
207,673 | ||||
| ||||
Life Sciences Tools & Services 0.7% | ||||
7,800 | Agilent Technologies, Inc. |
395,928 | ||
4,100 | Life Technologies Corp.* |
308,771 | ||
2,600 | PerkinElmer, Inc. |
98,904 | ||
8,500 | Thermo Fisher Scientific, Inc. |
831,130 | ||
2,020 | Waters Corp.* |
203,858 | ||
| ||||
1,838,591 | ||||
| ||||
Machinery 1.2% | ||||
7,400 | Caterpillar, Inc. |
616,864 | ||
2,020 | Cummins, Inc. |
256,580 | ||
4,400 | Deere & Co. |
360,096 |
2,000 | Dover Corp. |
183,580 | ||
1,600 | Flowserve Corp. |
111,152 | ||
4,800 | Illinois Tool Works, Inc. |
378,192 | ||
3,100 | Ingersoll-Rand PLC |
209,343 | ||
1,200 | Joy Global, Inc. |
68,100 | ||
4,100 | PACCAR, Inc. |
227,960 | ||
1,300 | Pall Corp. |
104,676 | ||
1,730 | Parker Hannifin Corp. |
201,926 | ||
2,300 | Pentair Ltd. |
154,307 | ||
680 | Snap-on, Inc. |
70,768 | ||
1,900 | Stanley Black & Decker, Inc. |
150,271 | ||
2,100 | Xylem, Inc. |
72,450 | ||
| ||||
3,166,265 | ||||
| ||||
Media 2.3% | ||||
2,100 | Cablevision Systems Corp. (Class A Stock) |
32,655 | ||
5,600 | CBS Corp. (Class B Stock) |
331,184 | ||
26,000 | Comcast Corp. (Class A Stock) |
1,237,080 | ||
5,100 | DIRECTV* |
318,699 | ||
2,300 | Discovery Communications, Inc. (Class A Stock)* |
204,516 | ||
2,200 | Gannett Co., Inc. |
60,874 | ||
4,100 | Interpublic Group of Cos., Inc. (The) |
68,880 | ||
4,850 | News Corp. (Class A Stock)* |
85,360 | ||
2,600 | Omnicom Group, Inc. |
177,086 | ||
1,100 | Scripps Networks Interactive, Inc. (Class A Stock) |
88,550 | ||
2,840 | Time Warner Cable, Inc. |
341,226 | ||
9,200 | Time Warner, Inc. |
632,408 | ||
19,700 | Twenty-First Century Fox, Inc. |
671,376 | ||
4,300 | Viacom, Inc. (Class B Stock) |
358,147 | ||
16,500 | Walt Disney Co. (The) |
1,131,735 | ||
50 | Washington Post Co. (The) (Class B Stock) |
32,166 | ||
| ||||
5,771,942 | ||||
| ||||
Metals & Mining 0.3% | ||||
9,200 | Alcoa, Inc. |
85,284 | ||
900 | Allegheny Technologies, Inc. |
29,790 | ||
1,300 | Cliffs Natural Resources, Inc. |
33,384 | ||
9,100 | Freeport-McMoRan Copper & Gold, Inc. |
334,516 | ||
4,300 | Newmont Mining Corp. |
117,218 | ||
2,800 | Nucor Corp. |
144,956 | ||
1,200 | United States Steel Corp. |
29,868 | ||
| ||||
775,016 | ||||
| ||||
Multi-Line Retail 0.5% | ||||
3,000 | Dollar General Corp.* |
173,340 | ||
2,200 | Dollar Tree, Inc.* |
128,480 | ||
1,000 | Family Dollar Stores, Inc. |
68,880 | ||
3,000 | J.C. Penney Co., Inc.* |
22,500 | ||
2,000 | Kohls Corp. |
113,600 | ||
3,700 | Macys, Inc. |
170,607 | ||
1,400 | Nordstrom, Inc. |
84,658 | ||
6,300 | Target Corp. |
408,177 | ||
| ||||
1,170,242 | ||||
|
Multi-Utilities 2.5% | ||||
8,300 | Ameren Corp. |
300,294 | ||
14,700 | CenterPoint Energy, Inc. |
361,620 | ||
9,100 | CMS Energy Corp. |
249,886 | ||
10,000 | Consolidated Edison, Inc. |
582,200 | ||
19,900 | Dominion Resources, Inc. |
1,268,625 | ||
6,000 | DTE Energy Co. |
414,840 | ||
2,700 | Integrys Energy Group, Inc. |
158,436 | ||
10,700 | NiSource, Inc. |
337,264 | ||
15,300 | PG&E Corp. |
640,305 | ||
17,300 | Public Service Enterprise Group, Inc. |
579,550 | ||
4,800 | SCANA Corp. |
223,824 | ||
7,800 | Sempra Energy |
710,892 | ||
7,000 | TECO Energy, Inc. |
120,190 | ||
7,800 | Wisconsin Energy Corp. |
328,458 | ||
| ||||
6,276,384 | ||||
| ||||
Office Electronics | ||||
8,000 | Xerox Corp. |
79,520 | ||
| ||||
Oil, Gas & Consumable Fuels 4.6% | ||||
4,500 | Anadarko Petroleum Corp. |
428,805 | ||
3,600 | Apache Corp. |
319,680 | ||
3,700 | Cabot Oil & Gas Corp. |
130,684 | ||
4,400 | Chesapeake Energy Corp. |
123,024 | ||
17,030 | Chevron Corp. |
2,042,919 | ||
10,800 | ConocoPhillips |
791,640 | ||
2,000 | CONSOL Energy, Inc. |
73,000 | ||
3,200 | Denbury Resources, Inc.* |
60,768 | ||
3,400 | Devon Energy Corp. |
214,948 | ||
2,400 | EOG Resources, Inc. |
428,160 | ||
1,300 | EQT Corp. |
111,293 | ||
38,800 | Exxon Mobil Corp. |
3,477,256 | ||
2,600 | Hess Corp. |
211,120 | ||
5,900 | Kinder Morgan, Inc. |
208,329 | ||
6,200 | Marathon Oil Corp. |
218,612 | ||
2,800 | Marathon Petroleum Corp. |
200,648 | ||
1,600 | Murphy Oil Corp. |
96,512 | ||
1,200 | Newfield Exploration Co.* |
36,540 | ||
3,200 | Noble Energy, Inc. |
239,776 | ||
7,100 | Occidental Petroleum Corp. |
682,168 | ||
2,300 | Peabody Energy Corp. |
44,804 | ||
5,400 | Phillips 66 |
347,922 | ||
1,220 | Pioneer Natural Resources Co. |
249,831 | ||
1,500 | QEP Resources, Inc. |
49,590 | ||
1,500 | Range Resources Corp. |
113,565 | ||
3,100 | Southwestern Energy Co.* |
115,382 | ||
5,900 | Spectra Energy Corp. |
209,863 | ||
1,200 | Tesoro Corp. |
58,668 | ||
4,800 | Valero Energy Corp. |
197,616 | ||
6,000 | Williams Cos., Inc. (The) |
214,260 | ||
1,700 | WPX Energy, Inc.* |
37,638 | ||
| ||||
11,735,021 | ||||
|
Paper & Forest Products 0.1% | ||||
3,900 | International Paper Co. |
173,979 | ||
| ||||
Personal Products 0.3% | ||||
11,900 | Avon Products, Inc. |
208,250 | ||
7,000 | Estee Lauder Cos., Inc. (The) (Class A Stock) |
496,720 | ||
| ||||
704,970 | ||||
| ||||
Pharmaceuticals 8.6% | ||||
37,500 | AbbVie, Inc. |
1,816,875 | ||
4,110 | Actavis PLC* |
635,324 | ||
7,000 | Allergan, Inc. |
634,270 | ||
38,900 | Bristol-Myers Squibb Co. |
2,043,028 | ||
23,400 | Eli Lilly & Co. |
1,165,788 | ||
5,600 | Forest Laboratories, Inc.* |
263,368 | ||
3,900 | Hospira, Inc.* |
158,028 | ||
66,600 | Johnson & Johnson |
6,167,826 | ||
69,100 | Merck & Co., Inc. |
3,115,719 | ||
9,000 | Mylan, Inc.* |
340,830 | ||
2,230 | Perrigo Co. |
307,495 | ||
156,400 | Pfizer, Inc. |
4,798,352 | ||
11,800 | Zoetis, Inc. |
373,588 | ||
| ||||
21,820,491 | ||||
| ||||
Professional Services 0.1% | ||||
450 | Dun & Bradstreet Corp. (The) |
48,956 | ||
1,400 | Equifax, Inc. |
90,538 | ||
2,500 | Nielsen Holdings NV |
98,600 | ||
1,600 | Robert Half International, Inc. |
61,648 | ||
| ||||
299,742 | ||||
| ||||
Real Estate Investment Trusts 1.8% | ||||
6,100 | American Tower Corp. |
484,035 | ||
2,400 | Apartment Investment & Management Co. (Class A Stock) |
67,152 | ||
1,890 | AvalonBay Communities, Inc. |
236,345 | ||
2,370 | Boston Properties, Inc. |
245,295 | ||
5,200 | Equity Residential |
272,272 | ||
7,000 | HCP, Inc. |
290,500 | ||
4,400 | Health Care REIT, Inc. |
285,340 | ||
11,700 | Host Hotels & Resorts, Inc. |
217,035 | ||
6,500 | Kimco Realty Corp. |
139,620 | ||
2,200 | Macerich Co. (The) |
130,262 | ||
2,600 | Plum Creek Timber Co., Inc. |
118,040 | ||
7,700 | Prologis, Inc. |
307,615 | ||
2,220 | Public Storage |
370,673 | ||
4,730 | Simon Property Group, Inc. |
731,021 | ||
4,500 | Ventas, Inc. |
293,580 | ||
2,700 | Vornado Realty Trust |
240,462 | ||
9,000 | Weyerhaeuser Co. |
273,600 | ||
| ||||
4,702,847 | ||||
|
Real Estate Management & Development | ||||
4,400 | CBRE Group, Inc. (Class A Stock)* |
102,212 | ||
| ||||
Road & Rail 0.6% | ||||
11,700 | CSX Corp. |
304,902 | ||
1,280 | Kansas City Southern |
155,546 | ||
3,600 | Norfolk Southern Corp. |
309,672 | ||
600 | Ryder System, Inc. |
39,498 | ||
5,370 | Union Pacific Corp. |
813,018 | ||
| ||||
1,622,636 | ||||
| ||||
Semiconductors & Semiconductor Equipment 0.9% | ||||
2,200 | Altera Corp. |
73,920 | ||
2,100 | Analog Devices, Inc. |
103,530 | ||
8,300 | Applied Materials, Inc. |
148,155 | ||
3,700 | Broadcom Corp. (Class A Stock) |
98,864 | ||
500 | First Solar, Inc.* |
25,135 | ||
34,400 | Intel Corp. |
840,392 | ||
1,200 | KLA-Tencor Corp. |
78,720 | ||
1,100 | Lam Research Corp.* |
59,653 | ||
1,600 | Linear Technology Corp. |
65,824 | ||
3,700 | LSI Corp. |
31,376 | ||
1,300 | Microchip Technology, Inc. |
55,848 | ||
7,100 | Micron Technology, Inc.* |
125,528 | ||
3,900 | NVIDIA Corp. |
59,202 | ||
1,300 | Teradyne, Inc.* |
22,737 | ||
7,600 | Texas Instruments, Inc. |
319,808 | ||
1,800 | Xilinx, Inc. |
81,756 | ||
| ||||
2,190,448 | ||||
| ||||
Software 1.4% | ||||
3,200 | Adobe Systems, Inc.* |
173,440 | ||
1,500 | Autodesk, Inc.* |
59,865 | ||
2,200 | CA, Inc. |
69,872 | ||
1,300 | Citrix Systems, Inc.* |
73,814 | ||
2,100 | Electronic Arts, Inc.* |
55,125 | ||
2,100 | Intuit, Inc. |
149,961 | ||
52,300 | Microsoft Corp. |
1,848,805 | ||
24,600 | Oracle Corp. |
824,100 | ||
1,300 | Red Hat, Inc.* |
56,251 | ||
3,800 | Salesforce.com, Inc.* |
202,768 | ||
4,800 | Symantec Corp. |
109,152 | ||
| ||||
3,623,153 | ||||
| ||||
Specialty Retail 1.4% | ||||
700 | Abercrombie & Fitch Co. (Class A Stock) |
26,236 | ||
600 | AutoNation, Inc.* |
28,938 | ||
360 | AutoZone, Inc.* |
156,488 | ||
2,200 | Bed Bath & Beyond, Inc.* |
170,104 | ||
2,700 | Best Buy Co., Inc. |
115,560 | ||
2,200 | CarMax, Inc.* |
103,378 | ||
1,200 | GameStop Corp. (Class A Stock) |
65,784 | ||
2,700 | Gap, Inc. (The) |
99,873 | ||
14,200 | Home Depot, Inc. (The) |
1,106,038 | ||
2,400 | L Brands, Inc. |
150,264 | ||
10,400 | Lowes Cos., Inc. |
517,712 | ||
1,080 | OReilly Automotive, Inc.* |
133,715 |
1,000 | PetSmart, Inc. |
72,760 | ||
2,200 | Ross Stores, Inc. |
170,170 | ||
6,500 | Staples, Inc. |
104,780 | ||
1,100 | Tiffany & Co. |
87,087 | ||
7,100 | TJX Cos., Inc. (The) |
431,609 | ||
1,100 | Urban Outfitters, Inc.* |
41,668 | ||
| ||||
3,582,164 | ||||
| ||||
Textiles, Apparel & Luxury Goods 0.5% | ||||
2,800 | Coach, Inc. |
141,904 | ||
500 | Fossil Group, Inc.* |
63,470 | ||
7,400 | NIKE, Inc. (Class B Stock) |
560,624 | ||
810 | PVH Corp. |
100,902 | ||
610 | Ralph Lauren Corp. |
101,040 | ||
880 | VF Corp. |
189,200 | ||
| ||||
1,157,140 | ||||
| ||||
Thrifts & Mortgage Finance 0.1% | ||||
7,800 | Hudson City Bancorp, Inc. |
70,044 | ||
5,300 | Peoples United Financial, Inc. |
76,479 | ||
| ||||
146,523 | ||||
| ||||
Tobacco 2.8% | ||||
55,100 | Altria Group, Inc. |
2,051,373 | ||
10,300 | Lorillard, Inc. |
525,403 | ||
44,600 | Philip Morris International, Inc. |
3,974,752 | ||
8,700 | Reynolds American, Inc. |
446,919 | ||
| ||||
6,998,447 | ||||
| ||||
Trading Companies & Distributors 0.1% | ||||
3,200 | Fastenal Co. |
159,360 | ||
720 | W.W. Grainger, Inc. |
193,658 | ||
| ||||
353,018 | ||||
| ||||
Wireless Telecommunication Services 0.4% | ||||
13,200 | Crown Castle International Corp.* |
1,003,464 | ||
| ||||
TOTAL LONG-TERM INVESTMENTS |
241,212,019 | |||
| ||||
Principal Amount (000)# |
||||
SHORT-TERM INVESTMENTS 5.1% | ||||
U.S. TREASURY OBLIGATIONS(a)(b) 1.0% | ||||
U.S. Treasury Bills |
||||
700 | 0.005%, 12/19/13 |
699,972 | ||
1,300 | 0.02%, 03/20/14 |
1,299,724 | ||
500 | 0.04%, 03/20/14 |
499,894 | ||
| ||||
TOTAL U.S. TREASURY OBLIGATIONS |
2,499,590 | |||
|
Shares |
||||||
AFFILIATED MONEY MARKET MUTUAL FUND 4.1% | ||||||
10,392,842 | Prudential Investment Portfolios 2 - Prudential Core Taxable Money Market Fund |
10,392,842 | ||||
| ||||||
TOTAL SHORT-TERM INVESTMENTS |
12,892,432 | |||||
| ||||||
TOTAL INVESTMENTS 100.0% |
254,104,451 | |||||
Liabilities in excess of other assets(e) |
(115,408) | |||||
| ||||||
NET ASSETS 100% |
$253,989,043 | |||||
|
The following abbreviations are used in the Portfolio descriptions:
NASDAQNational Association for Securities Dealers Automated Quotations
REITReal Estate Investment Trust
# | Principal amount is shown in U.S. dollars unless otherwise stated. |
* | Non-income producing security. |
(a) | Represents security, or a portion thereof, segregated as collateral for futures contracts. |
(b) | Rates shown are the effective yields at purchase date. |
(c) | Prudential Investments LLC, the co-manager of the Portfolio, also serves as manager of the Prudential Investment Portfolios 2 Prudential Core Taxable Money Market Fund. |
(d) | The United States federal income tax basis of investments and net unrealized appreciation were as follows: |
Tax Basis |
$ | 226,737,245 | ||
|
|
|||
Appreciation |
30,158,695 | |||
Depreciation |
(2,791,489 | ) | ||
|
|
|||
Net Unrealized Appreciation |
$ | 27,367,206 | ||
|
|
The book basis may differ from tax basis due to certain tax related adjustments.
(e) | Includes net unrealized appreciation (depreciation) on the following derivative contracts held at reporting period end: |
Futures contracts open at October 31, 2013:
Number of Contracts |
Type |
Expiration |
Value at Trade Date |
Value at October 31, 2013 |
Unrealized Appreciation(1) |
|||||||||||
Long Positions: |
||||||||||||||||
43 | S&P 500 E-Mini |
Dec. 2013 | $ | 3,621,503 | $ | 3,764,650 | $ | 143,147 | ||||||||
19 | S&P 500 Index |
Dec. 2013 | 7,996,550 | 8,317,250 | 320,700 | |||||||||||
|
|
|||||||||||||||
$ | 463,847 | |||||||||||||||
|
|
(1) | The amount represents fair value of derivative instruments subject to equity risk exposure as of October 31, 2013. |
Various inputs are used in determining the value of the Portfolios investments. These inputs are summarized in the three broad levels listed below.
Level 1 - quoted prices generally in active markets for identical securities.
Level 2 - other significant observable inputs including, but not limited to, quoted prices for similar securities, interest rates and yield curves, prepayment speeds, foreign currency exchange rates, and amortized cost.
Level 3 - significant unobservable inputs for securities valued in accordance with Board approved fair valuation procedures.
The following is a summary of the inputs used as of October 31, 2013 in valuing such portfolio securities:
Level 1 | Level 2 | Level 3 | ||||||||||
Investments in Securities |
||||||||||||
Common Stocks |
$ | 241,212,019 | $ | | $ | | ||||||
U.S. Treasury Obligations |
| 2,499,590 | | |||||||||
Affiliated Money Market Mutual Fund |
10,392,842 | | | |||||||||
Other Financial Instruments* |
||||||||||||
Futures |
463,847 | | | |||||||||
|
|
|
|
|
|
|||||||
Total |
$ | 252,068,708 | $ | 2,499,590 | $ | | ||||||
|
|
|
|
|
|
* | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are recorded at the unrealized appreciation/depreciation on the instrument. |
Notes to the Schedules of Investments (Unaudited)
Security Valuation: Each Fund holds securities and other assets that are fair valued at the close of each day the New York Stock Exchange (NYSE) is open for trading. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. The Board of Trustees (the Board) has adopted Valuation Procedures for security valuation under which fair valuation responsibilities have been delegated to Prudential Investments LLC (PI or Manager). Under the current Valuation Procedures, the established Valuation Committee is responsible for supervising the valuation of portfolio securities and other assets. The Valuation Procedures permit the Funds to utilize independent pricing vendor services, quotations from market makers, and alternative valuation methods when market quotations are either not readily available or not representative of fair value. A record of the Valuation Committees actions is subject to the Boards review, approval, and ratification at its next regularly-scheduled quarterly meeting.
Various inputs determine how each Funds investments are valued, all of which are categorized according to the three broad levels (Level 1, 2, or 3) detailed in the table following the Schedule of Investments.
Common stocks, exchange-traded funds, and derivative instruments that are traded on a national securities exchange are valued at the last sale price as of the close of trading on the applicable exchange. Securities traded via NASDAQ are valued at the NASDAQ official closing price. To the extent these securities are valued at the last sale price or NASDAQ official closing price; they are classified as Level 1 in the fair value hierarchy.
In the event that no sale or official closing price on valuation date exists, these securities are generally valued at the mean between the last reported bid and asked prices, or at the last bid price in the absence of an asked price. These securities are classified as Level 2 in the fair value hierarchy, as the inputs are observable and considered to be significant to the valuation.
Common stocks traded on foreign securities exchanges are valued using pricing vendor services that provide model prices derived using adjustment factors based on information such as local closing price, relevant general and sector indices, currency fluctuations, depositary receipts, and futures, as applicable. Securities valued using such model prices are classified as Level 2 in the fair value hierarchy, as the adjustment factors are observable and considered to be significant to the valuation.
Investments in open-end, non-exchange-traded mutual funds are valued at their net asset values as of the close of the NYSE on the date of valuation. These securities are classified as Level 1 in the fair value hierarchy since they may be purchased or sold at their net asset values on the date of valuation.
Fixed income securities traded in the over-the-counter market are generally valued at prices provided by approved independent pricing vendors. The pricing vendors provide these prices after evaluating observable inputs including, but not limited to yield curves, yield spreads, credit ratings, deal terms, tranche level attributes, default rates, cash flows, prepayment speeds, broker/dealer quotations, and reported trades. Securities valued using such vendor prices are classified as Level 2 in the fair value hierarchy.
Over-the-counter derivative instruments are generally valued using pricing vendor services, which derive the valuation based on inputs such as underlying asset prices, indices, spreads, interest rates, and exchange rates. These instruments are categorized as Level 2 in the fair value hierarchy.
Securities and other assets that cannot be priced according to the methods described above are valued based on pricing methodologies approved by the Board of Trustees. In the event that significant unobservable inputs are used when determining such valuations, the securities will be classified as Level 3 in the fair value hierarchy.
When determining the fair value of securities, some of the factors influencing the valuation include: the nature of any restrictions on disposition of the securities; assessment of the general liquidity of the securities; the issuers financial condition and the markets in which it does business; the cost of the investment; the size of the holding and the capitalization of the issuer; the prices of any recent transactions or bids/offers for such securities or any comparable securities; any available analyst media or other reports or information deemed reliable by the investment adviser regarding the issuer or the markets or industry in which it operates. Using fair value to price securities may result in a value that is different from a securitys most recent closing price and from the price used by other mutual funds to calculate their net asset values.
Repurchase Agreements: In connection with transactions in repurchase agreements with United States financial institutions, it is each Funds policy that its custodian, or designated subcustodians under triparty repurchase agreements, as the case may be, take possession of the underlying collateral securities, the value of which exceeds the principal amount of the repurchase transactions, including accrued interest. To the extent that any repurchase transaction exceeds one business day, the value of the collateral is marked-to-market on a daily basis to ensure the adequacy of the collateral. If the seller defaults and the value of the collateral declines or, if bankruptcy proceedings are commenced with respect to the seller of the security, realization of the collateral by the Fund may be delayed or limited.
The Funds invest in the Prudential Core Taxable Money Market Fund, a portfolio of the Prudential Investment Portfolios 2, registered under the Investment Company Act of 1940, as amended, and managed by PI.
Other information regarding the Trust is available in the most recent Report to Shareholders. This information is available on the Securities Commissions website (www.sec.gov).
Item 2. Controls and Procedures
(a) | It is the conclusion of the registrants principal executive officer and principal financial officer that the effectiveness of the registrants current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant has been recorded, processed, summarized and reported within the time period specified in the Commissions rules and forms and that the information required to be disclosed by the registrant has been accumulated and communicated to the registrants principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure. |
(b) | There have been no significant changes in the registrants internal controls or in other factors that could significantly affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses. |
Item 3. Exhibits
Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 Attached hereto.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) Prudential Investment Portfolios 16
By (Signature and Title)* | /s/ Deborah A. Docs |
|||
Deborah A. Docs | ||||
Secretary of the Fund |
Date December 19, 2013
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By (Signature and Title)* | /s/ Stuart S. Parker |
|||
Stuart S. Parker | ||||
President and Principal Executive Officer |
Date December 19, 2013
By (Signature and Title)* | /s/ Grace C. Torres |
|||
Grace C. Torres | ||||
Treasurer and Principal Financial Officer |
Date December 19, 2013
* | Print the name and title of each signing officer under his or her signature. |
CERTIFICATIONS
I, Stuart S. Parker, certify that:
1. | I have reviewed this report on Form N-Q of Prudential Investment Portfolios 16; |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. | Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; |
4. | The registrants other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: |
(a) | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
(b) | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
(c) | Evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and |
(d) | Disclosed in this report any change in the registrants internal control over financial reporting that occurred during the registrants most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and |
5. | The registrants other certifying officer(s) and I have disclosed to the registrants auditors and the audit committee of the registrants board of directors (or persons performing the equivalent functions): |
(a) | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize, and report financial information; and |
(b) | Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrants internal control over financial reporting. |
Date: December 19, 2013 | /s/ Stuart S. Parker | |||||
Stuart S. Parker | ||||||
President and Principal Executive Officer |
CERTIFICATIONS
I, Grace C. Torres, certify that:
1. | I have reviewed this report on Form N-Q of Prudential Investment Portfolios 16; |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. | Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; |
4. | The registrants other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: |
(a) | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
(b) | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
(c) | Evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and |
(d) | Disclosed in this report any change in the registrants internal control over financial reporting that occurred during the registrants most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and |
5. | The registrants other certifying officer(s) and I have disclosed to the registrants auditors and the audit committee of the registrants board of directors (or persons performing the equivalent functions): |
(a) | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize, and report financial information; and |
(b) | Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrants internal control over financial reporting. |
Date: December 19, 2013 | /s/ Grace C. Torres | |||||
Grace C. Torres | ||||||
Treasurer and Principal Financial Officer |