PGIM Portfolio Ballast ETF
Schedule of Investments (unaudited)
as of May 31, 2024
Description | Shares | Value | |||
Short-Term Investments 99.9% | |||||
Affiliated Mutual Fund 3.3% | |||||
PGIM Core Government Money Market Fund (7-day effective yield 5.550%) (cost $963,303)(wb) | 963,303 | $963,303 |
Interest Rate | Maturity Date | Principal Amount (000)# | |||||
U.S. Treasury Obligations(n) 71.6% | |||||||
U.S. Treasury Bills(k) | 5.390 % | 06/20/24 | 11,000 | 10,972,651 | |||
U.S. Treasury Bills | 5.416 | 08/01/24 | 10,000 | 9,913,877 | |||
Total U.S. Treasury Obligations (cost $20,879,856) | 20,886,528 | ||||||
Option Purchased*~ 25.0% | |||||||
(cost $6,249,388) | 7,308,153 | ||||||
TOTAL INVESTMENTS 99.9% (cost $28,092,547) | 29,157,984 | ||||||
Other assets in excess of liabilities(z) 0.1% | 36,640 | ||||||
Net Assets 100.0% | $29,194,624 |
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. 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: |
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PGIM Portfolio Ballast ETF
Schedule of Investments (unaudited) (continued)
as of May 31, 2024
Option Purchased:
Exchange Traded | |||||||||||||||
Description | Call/ Put | Expiration Date | Strike | Contracts | Notional Amount (000)# | Value | |||||||||
SPDR S&P 500 ETF Trust | Call | 02/08/29 | $500.00 | 530 | 53 | $7,308,153 | |||||||||
(cost $6,249,388) |
Futures contracts outstanding at May 31, 2024: | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Long Positions: | ||||||||
27 | 2 Year U.S. Treasury Notes | Sep. 2024 | $5,499,984 | $1,845 | ||||
114 | 5 Year U.S. Treasury Notes | Sep. 2024 | 12,060,844 | (1,603) | ||||
9 | 10 Year U.S. Treasury Notes | Sep. 2024 | 979,172 | (993) | ||||
11 | 20 Year U.S. Treasury Bonds | Sep. 2024 | 1,276,688 | (6,856) | ||||
5 | S&P 500 E-Mini Index | Jun. 2024 | 1,323,875 | 26,057 | ||||
$18,450 |
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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