Investment objective & strategy
As of April 17, 2025 · prospectusObjective. The investment objective of the Portfolio is to seek current income and long-term growth of income, as well as capital appreciation.
Strategy. In pursuing its investment objective, the Portfolio normally invests at least 80% of its assets (net assets plus any borrowings made for investment purposes) in equity and equity-related securities of large capitalization companies. Large capitalization companies are generally those that have market capitalizations, at the time of purchase, within the market capitalization range of the Russell 1000 Index. The Portfolio may also invest up to 20% of its total assets in foreign securities. Equity and equity-related securities include common and preferred stock, other investment companies, including exchange-traded funds (ETFs), securities convertible into common stock, securities having common stock characteristics, futures contracts and other derivative instruments whose value is based on common stock, such as rights, warrants or options to purchase … In pursuing its investment objective, the Portfolio normally invests at least 80% of its assets (net assets plus any borrowings made for investment purposes) in equity and equity-related securities of large capitalization companies. Large capitalization companies are generally those that have market capitalizations, at the time of purchase, within the market capitalization range of the Russell 1000 Index. The Portfolio may also invest up to 20% of its total assets in foreign securities. Equity and equity-related securities include common and preferred stock, other investment companies, including exchange-traded funds (ETFs), securities convertible into common stock, securities having common stock characteristics, futures contracts and other derivative instruments whose value is based on common stock, such as rights, warrants or options to purchase common stock. The Portfolio is allocated among five subadvisers: ClearBridge Investments, LLC, Dimensional Fund Advisors LP, Hotchkis and Wiley Capital Management, LLC, J.P. Morgan Investment Management Inc., and Putnam Investment Management, LLC. The Strategic Investment Research Group (SIRG) of the Manager determines the allocation among the subadvisers and other investment companies, including ETFs, based on its analysis, taking into account market conditions, risks and other factors.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| PRUDENTIAL INVESTMENT PORTFOLIOS 2 PRUDENTIAL INSTITUTIONA 0.00000000 | — | $277.67M | 7.46% |
| EXXON MOBIL CORP | — | $88.86M | 2.39% |
| iShares Trust RUSSELL 1000 VALUE ETF | IWD | $83.87M | 2.25% |
| JPMORGAN CHASE and CO | — | $76.17M | 2.05% |
| ALPHABET INC CL A | — | $70.96M | 1.91% |
| CITIGROUP INC | — | $66.85M | 1.80% |
| BANK OF AMERICA CORPORATION | — | $63.77M | 1.71% |
| (PIPA070) PGIM Core Government Money Market Fund | — | $62.81M | 1.69% |
| AMAZON.COM INC | — | $56.57M | 1.52% |
| JOHNSON&JOHNSON | — | $54.81M | 1.47% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Empower Large Cap Value Fund · MXEQX, MXVHX, MXHAX | 52% | 0.61% |
| PD Large-Cap Value Index Portfolio | 52% | 0.17% |
| EQ/Large Cap Value Index Portfolio | 51% | 0.49% |
Advisers
| Firm | Role |
|---|---|
| PGIM INVESTMENTS LLC | Adviser |
| Putnam Investment Management, LLC | Sub-adviser |
| ClearBridge Investments, LLC | Sub-adviser |
| J.P. Morgan Investment Management, Inc. | Sub-adviser |
| DIMENSIONAL FUND ADVISORS LP | Sub-adviser |
| Hotchkis and Wiley Capital Management, LLC | Sub-adviser |
| AST Investment Services, Inc. | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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