PGIM S&P 500 Buffer 12 ETF - January
Schedule of Investments  (unaudited)
as of January 31, 2026
Description     Shares Value
Short-Term Investments 104.7%
Affiliated Mutual Fund 1.0%          
PGIM Core Government Money Market Fund (7-day effective yield 3.805%)
(cost $401,048)(wb)
    401,048  $401,048
Options Purchased*~ 103.7%          
(cost $42,422,532) 42,765,007
     
 
TOTAL INVESTMENTS, BEFORE OPTIONS WRITTEN104.7%
(cost $42,823,580)
        43,166,055
Options Written*~ (4.7)%
(premiums received $1,883,659) (1,932,632)
 
TOTAL INVESTMENTS, NET OF OPTIONS WRITTEN100.0%
(cost $40,939,921)
41,233,423
Liabilities in excess of other assets (0.0)% (15,211)
 
Net Assets 100.0% $41,218,212

Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
    
   
ETF—Exchange-Traded Fund
S&P—Standard & Poor’s
SPDR—Standard & Poor’s Depositary Receipts
    
* 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.  
(wb) Represents an investment in a Fund affiliated with the Manager. 
Options Purchased:
Exchange Traded  
Description Call/
Put
  Expiration
Date
  Strike Contracts   Notional
Amount
(000)#
  Value
State Street SPDR S&P 500 ETF Trust Call   12/31/26     $6.82   599       60  $40,612,200  
State Street SPDR S&P 500 ETF Trust Put   12/31/26     $681.92   599       60 2,152,807  
Total Options Purchased (cost $42,422,532)     $42,765,007  
Options Written:
Exchange Traded  
Description Call/
Put
  Expiration
Date
  Strike Contracts   Notional
Amount
(000)#
  Value
State Street SPDR S&P 500 ETF Trust Call   12/31/26     $777.05   599       60  $(856,762)  
State Street SPDR S&P 500 ETF Trust Put   12/31/26     $600.09   599       60 (1,075,870)  
Total Options Written (premiums received $1,883,659)     $(1,932,632)  
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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