PGIM S&P 500 Buffer 12 ETF - November
Schedule of Investments  (unaudited)
as of January 31, 2026
Description     Shares Value
Short-Term Investments 103.3%
Affiliated Mutual Fund 0.8%          
PGIM Core Government Money Market Fund (7-day effective yield 3.805%)
(cost $126,968)(wb)
    126,968  $126,968
Options Purchased*~ 102.5%          
(cost $16,276,949) 16,377,221
     
 
TOTAL INVESTMENTS, BEFORE OPTIONS WRITTEN103.3%
(cost $16,403,917)
        16,504,189
Options Written*~ (3.3)%
(premiums received $735,836) (524,904)
 
TOTAL INVESTMENTS, NET OF OPTIONS WRITTEN100.0%
(cost $15,668,081)
15,979,285
Liabilities in excess of other assets (0.0)% (6,453)
 
Net Assets 100.0% $15,972,832

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   10/30/26     $6.82   230       23  $15,661,503  
State Street SPDR S&P 500 ETF Trust Put   10/30/26     $682.06   230       23 715,718  
Total Options Purchased (cost $16,276,949)     $16,377,221  
Options Written:
Exchange Traded  
Description Call/
Put
  Expiration
Date
  Strike Contracts   Notional
Amount
(000)#
  Value
State Street SPDR S&P 500 ETF Trust Call   10/30/26     $786.62   230       23  $(180,870)  
State Street SPDR S&P 500 ETF Trust Put   10/30/26     $600.21   230       23 (344,034)  
Total Options Written (premiums received $735,836)     $(524,904)  
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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