PJFM vs. RULE ETF Comparison

Comparison of PGIM Jennison Focused Mid-Cap ETF (PJFM) to Adaptive Core ETF (RULE)

PJFM

PGIM Jennison Focused Mid-Cap ETF

PJFM Description

Under normal circumstances, the fund invests at least 80% of the fund's investable assets in equity and equity-related securities of medium-sized companies. The subadviser uses a combination of fundamental research and systematic portfolio construction. The fund's managers consider medium-sized companies to be those with market capitalizations that are within the market capitalization range of the Russell Midcap Index.

Grade (RS Rating)

Last Trade

$57.31

Average Daily Volume

214

Number of Holdings ^*

* may have additional holdings in another (foreign) market

RULE

Adaptive Core ETF

RULE Description

Adaptive Core ETF seeks current income. The fund invests in individual equity securities without regard to market capitalization and ETFs that invest in equity securities of any market capitalization including convertible equity securities and fixed income ETFs. The fund’s portfolio may hold securities from issuers of any market capitalization, credit quality, maturity, or country. Fixed income securities may include securities with credit quality below investment grade (commonly referred to as “junk bond” credit quality).

Grade (RS Rating)

Last Trade

$21.70

Average Daily Volume

6,153

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PJFM	RULE
30 Days	1.95%	-0.77%
60 Days	5.27%	1.14%
90 Days	10.04%	4.38%
12 Months		18.61%

1 Overlapping Holdings

	Symbol	Grade	Weight in PJFM	Weight in RULE	Overlap
	VRT	B	1.38%	2.22%	1.38%

PJFM Overweight 41 Positions Relative to RULE

Symbol	Grade	Weight
FOUR	B	4.63%
NI	A	4.14%
GLPI	C	4.04%
CHDN	C	3.9%
MKL	D	3.68%
CCK	B	3.62%
TRGP	A	3.56%
RL	A	3.05%
EWBC	A	2.93%
HLT	B	2.89%
BURL	D	2.84%
WTFC	B	2.78%
LHX	A	2.53%
KEX	D	2.38%
AXS	B	2.37%
KBR	B	2.33%
PR	F	2.27%
GNRC	A	2.26%
CBRE	A	2.25%
CYBR	C	2.1%
LFUS	F	2.06%
LNG	A	2.04%
RNR	B	1.94%
PINS	C	1.91%
ALSN	A	1.9%
IRT	D	1.83%
GTES	A	1.74%
MNDY	B	1.61%
PFGC	B	1.59%
NBIX	C	1.56%
CMS	C	1.56%
NTRA	C	1.5%
ENTG	F	1.36%
LPLA	A	1.22%
MOH	D	1.16%
RYAN	B	1.14%
OLED	F	1.12%
ESNT	F	1.01%
COHR	B	1.01%
HEI	D	0.9%
PCVX	D	0.74%

PJFM Underweight 35 Positions Relative to RULE

Symbol	Grade	Weight
BIL	A	-4.41%
JPST	C	-4.39%
VEEV	C	-3.43%
NOW	A	-3.4%
ISRG	B	-3.35%
CRM	A	-3.3%
APO	B	-3.11%
EQIX	B	-3.1%
XLG	B	-3.09%
SPHQ	D	-3.09%
FCNCA	C	-3.08%
ZS	C	-2.97%
IWF	B	-2.94%
AON	A	-2.93%
SPGI	D	-2.92%
CPAY	B	-2.89%
BK	B	-2.88%
CAH	B	-2.88%
IRM	B	-2.78%
HD	B	-2.73%
RMD	B	-2.72%
INTU	D	-2.7%
PGR	D	-2.69%
VRSK	A	-2.62%
URI	B	-2.62%
NFLX	A	-2.55%
IBM	D	-2.54%
WMT	A	-2.48%
REGN	F	-2.48%
FTNT	B	-2.41%
PAYX	B	-2.24%
GPN	C	-2.22%
ADBE	F	-1.93%
ARES	B	-1.91%
BLDR	F	-0.0%