NPORT-EX 2 376491PRU113023.htm
PGIM Portfolio Ballast ETF
Schedule of Investments  (unaudited)
as of November 30, 2023
Description     Shares Value
Short-Term Investments 100.2%
Affiliated Mutual Fund 6.1%
PGIM Core Government Money Market Fund
(cost $1,743,933)(wb) 		    1,743,933  $1,743,933
    
  Interest
Rate 		  Maturity
Date 		Principal
Amount
(000)# 		 
U.S. Treasury Obligation(k)(n) 71.1%  
U.S. Treasury Bills
(cost $20,240,959) 		5.463 %   02/08/24   20,450 20,244,702
Option Purchased*~ 23.0%  
(cost $4,969,014) 6,533,928
   
TOTAL INVESTMENTS 100.2%
(cost $26,953,906) 		          28,522,563
Liabilities in excess of other assets(z) (0.2)% (49,400)
   
Net Assets 100.0% $28,473,163
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
    
  S&P—Standard & Poor’s
    
* Non-income producing security.
# Principal or notional amount is shown in U.S. dollars unless otherwise stated.
~ See tables subsequent to the Schedule of Investments for options detail. Options with maturity dates greater than one year from date of acquisition would be considered long-term investments.
(k) Represents security, or a portion thereof, segregated as collateral for centrally cleared/exchange-traded derivatives.
(n) Rate shown reflects yield to maturity at purchased date.
(wb) Represents an investment in a Fund affiliated with the Manager.
(z) Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments:
Option Purchased:
Exchange Traded  
Description Call/
Put 		  Expiration
Date 		  Strike Contracts   Notional
Amount
(000)# 		  Value
S&P 500 Index (FLEX) Call   12/07/27     $3,970.00 50     5    $6,533,928
(cost $4,969,014)                          
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PGIM Portfolio Ballast ETF
Schedule of Investments  (unaudited) (continued)
as of November 30, 2023
Futures contracts outstanding at November 30, 2023:
Number
of
Contracts 		  Type   Expiration
Date 		  Current
Notional
Amount 		  Value /
Unrealized
Appreciation
(Depreciation)
Long Positions:
13   2 Year U.S. Treasury Notes   Mar. 2024    $2,657,992    $8,655
127   5 Year U.S. Treasury Notes   Mar. 2024   13,570,148   72,764
2   10 Year U.S. Treasury Notes   Mar. 2024   219,594   1,497
4   S&P 500 E-Mini Index   Dec. 2023   915,350   13,123
                $96,039
Other information regarding the Fund is available in the Fund’s most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
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