PGIM Jennison Focused Value ETF
Schedule of Investments as of November 30, 2023 (unaudited)
| Description | Shares | Value | |||
| Long-Term Investments 98.9% | |||||
| Common Stocks | |||||
| Aerospace & Defense 3.3% | |||||
| Airbus SE (France), ADR | 10,159 | $377,610 | |||
| Automobile Components 1.1% | |||||
| Aptiv PLC* | 1,564 | 129,562 | |||
| Automobiles 1.5% | |||||
| General Motors Co. | 5,459 | 172,504 | |||
| Banks 11.3% | |||||
| Bank of America Corp. | 11,335 | 345,604 | |||
| JPMorgan Chase & Co. | 2,917 | 455,285 | |||
| PNC Financial Services Group, Inc. (The) | 1,890 | 253,185 | |||
| Truist Financial Corp. | 7,673 | 246,610 | |||
| 1,300,684 | |||||
| Biotechnology 3.3% | |||||
| AbbVie, Inc. | 2,656 | 378,188 | |||
| Building Products 2.3% | |||||
| Johnson Controls International PLC | 4,976 | 262,733 | |||
| Capital Markets 4.5% | |||||
| Blackstone, Inc. | 1,710 | 192,153 | |||
| Goldman Sachs Group, Inc. (The) | 966 | 329,927 | |||
| 522,080 | |||||
| Chemicals 4.3% | |||||
| Linde PLC | 1,208 | 499,834 | |||
| Consumer Staples Distribution & Retail 5.5% | |||||
| Walmart, Inc. | 4,075 | 634,437 | |||
| Electric Utilities 2.8% | |||||
| PG&E Corp.* | 18,665 | 320,478 | |||
| Ground Transportation 3.6% | |||||
| Union Pacific Corp. | 1,835 | 413,370 | |||
| Hotels, Restaurants & Leisure 2.6% | |||||
| McDonald’s Corp. | 1,067 | 300,723 | |||
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PGIM Jennison Focused Value ETF
Schedule of Investments as of November 30, 2023 (unaudited) (continued)
| Description | Shares | Value | |||
| Common Stocks (Continued) | |||||
| Industrial Conglomerates 1.6% | |||||
| General Electric Co. | 1,522 | $185,380 | |||
| Insurance 8.1% | |||||
| Chubb Ltd. | 2,128 | 488,227 | |||
| MetLife, Inc. | 6,941 | 441,656 | |||
| 929,883 | |||||
| Interactive Media & Services 5.0% | |||||
| Alphabet, Inc. (Class A Stock)* | 1,341 | 177,723 | |||
| Meta Platforms, Inc. (Class A Stock)* | 1,227 | 401,413 | |||
| 579,136 | |||||
| Multi-Utilities 1.9% | |||||
| CenterPoint Energy, Inc. | 7,537 | 213,071 | |||
| Oil, Gas & Consumable Fuels 10.3% | |||||
| ConocoPhillips | 3,689 | 426,338 | |||
| Exxon Mobil Corp. | 3,780 | 388,357 | |||
| Hess Corp. | 2,649 | 372,343 | |||
| 1,187,038 | |||||
| Pharmaceuticals 10.2% | |||||
| AstraZeneca PLC (United Kingdom), ADR | 6,458 | 417,122 | |||
| Bristol-Myers Squibb Co. | 7,501 | 370,400 | |||
| Eli Lilly & Co. | 655 | 387,131 | |||
| 1,174,653 | |||||
| Semiconductors & Semiconductor Equipment 5.9% | |||||
| Advanced Micro Devices, Inc.* | 1,634 | 197,975 | |||
| Broadcom, Inc. | 287 | 265,685 | |||
| Lam Research Corp. | 301 | 215,492 | |||
| 679,152 | |||||
| Software 6.5% | |||||
| Microsoft Corp. | 1,330 | 503,950 | |||
| Salesforce, Inc.* | 996 | 250,893 | |||
| 754,843 | |||||
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PGIM Jennison Focused Value ETF
Schedule of Investments as of November 30, 2023 (unaudited) (continued)
| Description | Shares | Value | |||
| Common Stocks (Continued) | |||||
| Technology Hardware, Storage & Peripherals 3.3% | |||||
| Dell Technologies, Inc. (Class C Stock) | 5,073 | $384,889 | |||
| Total Long-Term Investments (cost $10,544,891) | 11,400,248 | ||||
| Short-Term Investment 1.0% | |||||
| Affiliated Mutual Fund | |||||
| PGIM Core Government Money Market Fund (cost $116,578)(wb) | 116,578 | 116,578 | |||
| TOTAL INVESTMENTS 99.9% (cost $10,661,469) | 11,516,826 | ||||
| Other assets in excess of liabilities 0.1% | 15,904 | ||||
| Net Assets 100.0% | $11,532,730 | ||||
| Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: |
| ADR—American Depositary Receipt |
| * | Non-income producing security. |
| (wb) | Represents an investment in a Fund affiliated with the Manager. |
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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