# EDGAR Filing Document

**Accession Number:** 0001727074
**File Stem:** 0001752724-23-012576
**Filing Date:** 2023-1
**Character Count:** 285510
**Document Hash:** 3a5bd15e5b365560b6ac4c0e6db14073
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-012576.hdr.sgml**: 20230125

**ACCESSION NUMBER**: 0001752724-23-012576

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230125

**DATE AS OF CHANGE**: 20230125

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PGIM ETF TRUST
- **CENTRAL INDEX KEY:** 0001727074
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23324
- **FILM NUMBER:** 23551991

**BUSINESS ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 17TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102
- **BUSINESS PHONE:** (973) 367-8982

**MAIL ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 17TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102

## Series and Classes Contracts Data

### PGIM Ultra Short Bond ETF (Series ID: S000061589)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000199488 | PGIM Ultra Short Bond ETF | PULS            |

## Nport-Ex

### PGIM Ultra Short Bond ETF

### Schedule of Investments (unaudited)
as of November 30, 2022

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Long-Term Investments 67.2%** | **Long-Term Investments 67.2%** | **Long-Term Investments 67.2%** | **Long-Term Investments 67.2%** | **Long-Term Investments 67.2%** |
| **Asset-Backed Securities 13.4%** | **Asset-Backed Securities 13.4%** | **Asset-Backed Securities 13.4%** | **Asset-Backed Securities 13.4%** | **Asset-Backed Securities 13.4%** |
| **Automobiles 1.0%** | **Automobiles 1.0%** | **Automobiles 1.0%** | **Automobiles 1.0%** | **Automobiles 1.0%** |
| ARI Fleet Lease Trust,<br> Series 2022-A, Class A2, 144A | 3.120% | &nbsp;&nbsp;01/15/31 | &nbsp;&nbsp;2880 | &nbsp;&nbsp; $2818456 |
| Donlen Fleet Lease Funding LLC,<br> Series 2021-02, Class A2, 144A | 0.560 | &nbsp;&nbsp;12/11/34 | &nbsp;&nbsp;3487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3359792 |
| Enterprise Fleet Financing LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-02, Class A2, 144A | 0.480 | &nbsp;&nbsp;05/20/27 | &nbsp;&nbsp;4562 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4334226 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-01, Class A2, 144A | 3.030 | &nbsp;&nbsp;01/20/28 | 12500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12097039 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-03, Class A2, 144A | 4.380 | &nbsp;&nbsp;07/20/29 | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;779096 |
| GM Financial Consumer Automobile Receivables Trust,<br> Series 2022-02, Class A2 | 2.520 | &nbsp;&nbsp;05/16/25 | &nbsp;&nbsp;4417 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4358722 |
| Honda Auto Receivables Owner Trust,<br> Series 2020-01, Class A3 | 1.610 | &nbsp;&nbsp;04/22/24 | &nbsp;&nbsp;1521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1507213 |
| World Omni Automobile Lease Securitization Trust,<br> Series 2022-A, Class A2 | 2.630 | &nbsp;&nbsp;10/15/24 | &nbsp;&nbsp;3679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3626637 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32881181 |
| **Collateralized Loan Obligations 12.0%** | **Collateralized Loan Obligations 12.0%** | **Collateralized Loan Obligations 12.0%** | **Collateralized Loan Obligations 12.0%** | **Collateralized Loan Obligations 12.0%** |
| Allegro CLO Ltd. (Cayman Islands),<br> Series 2016-01A, Class AR2, 144A, 3 Month LIBOR + 0.950% (Cap N/A, Floor 0.950%) | 5.029(c) | &nbsp;&nbsp;01/15/30 | &nbsp;&nbsp;7285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7200497 |
| Anchorage Capital CLO Ltd. (Cayman Islands),<br> Series 2015-07A, Class AR2, 144A, 3 Month LIBOR + 1.090% (Cap N/A, Floor 1.090%) | 5.464(c) | &nbsp;&nbsp;01/28/31 | &nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4941895 |
| Atlas Senior Loan Fund Ltd. (Cayman Islands),<br> Series 2013-01A, Class AR, 144A, 3 Month LIBOR + 0.830% (Cap N/A, Floor 0.000%) | 5.480(c) | &nbsp;&nbsp;11/17/27 | &nbsp;&nbsp;2292 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2259025 |
| Bain Capital Credit CLO Ltd. (Cayman Islands),<br> Series 2018-01A, Class A1, 144A, 3 Month LIBOR + 0.960% (Cap N/A, Floor 0.000%) | 5.285(c) | &nbsp;&nbsp;04/23/31 | &nbsp;&nbsp;4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3934072 |
| Ballyrock CLO Ltd. (Cayman Islands),<br> Series 2020-02A, Class A1R, 144A, 3 Month LIBOR + 1.010% (Cap N/A, Floor 1.010%) | 5.253(c) | &nbsp;&nbsp;10/20/31 | 18000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17689680 |
| Benefit Street Partners CLO Ltd. (Cayman Islands), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2013-IIA, Class A1R2, 144A, 3 Month LIBOR + 0.870% (Cap N/A, Floor 0.870%) | 4.949(c) | &nbsp;&nbsp;07/15/29 | &nbsp;&nbsp;2673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2640171 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-12A, Class A1R, 144A, 3 Month LIBOR + 0.950% (Cap N/A, Floor 0.950%) | 5.029(c) | &nbsp;&nbsp;10/15/30 | 18000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17718282 |

---

------

### PGIM Ultra Short Bond ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2022

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** |
| **Collateralized Loan Obligations (cont'd.)** | **Collateralized Loan Obligations (cont'd.)** | **Collateralized Loan Obligations (cont'd.)** | **Collateralized Loan Obligations (cont'd.)** | **Collateralized Loan Obligations (cont'd.)** |
| BlueMountain CLO Ltd. (Cayman Islands),<br> Series 2018-22A, Class A1, 144A, 3 Month LIBOR + 1.080% (Cap N/A, Floor 0.000%) | 5.159 %(c) | &nbsp;&nbsp;07/15/31 | &nbsp;&nbsp;4500 | &nbsp;&nbsp; $4407079 |
| Canyon Capital CLO Ltd. (Cayman Islands),<br> Series 2017-01A, Class AR, 144A, 3 Month LIBOR + 1.000% (Cap N/A, Floor 1.000%) | 5.079(c) | &nbsp;&nbsp;07/15/30 | 14919 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14720164 |
| Carlyle Global Market Strategies CLO Ltd. (Cayman<br> Islands), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-01A, Class A1R2, 144A, 3 Month LIBOR + 0.970% (Cap N/A, Floor 0.970%) | 5.049(c) | &nbsp;&nbsp;04/17/31 | &nbsp;&nbsp;4985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4900042 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-05A, Class A1RR, 144A, 3 Month LIBOR + 1.080% (Cap N/A, Floor 1.080%) | 5.323(c) | &nbsp;&nbsp;01/20/32 | 18000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17577252 |
| Carlyle US CLO Ltd. (Cayman Islands),<br> Series 2017-01A, Class A1R, 144A, 3 Month LIBOR + 1.000% (Cap N/A, Floor 1.000%) | 5.243(c) | &nbsp;&nbsp;04/20/31 | 13000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12772981 |
| CIFC Funding Ltd. (Cayman Islands), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2013-03RA, Class A1, 144A, 3 Month LIBOR + 0.980% (Cap N/A, Floor 0.980%) | 5.305(c) | &nbsp;&nbsp;04/24/31 | &nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1965224 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-01A, Class AR, 144A, 3 Month LIBOR + 1.010% (Cap N/A, Floor 1.010%) | 5.288(c) | &nbsp;&nbsp;04/23/29 | 10593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10472104 |
| Elevation CLO Ltd. (Cayman Islands),<br> Series 2014-02A, Class A1R, 144A, 3 Month SOFR + 1.492% (Cap N/A, Floor 0.000%) | 5.355(c) | &nbsp;&nbsp;10/15/29 | &nbsp;&nbsp;1260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1244547 |
| Ellington CLO Ltd. (Cayman Islands),<br> Series 2019-04A, Class AR, 144A, 3 Month LIBOR + 1.580% (Cap N/A, Floor 1.580%) | 5.659(c) | &nbsp;&nbsp;04/15/29 | &nbsp;&nbsp;3684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3654907 |
| Generate CLO Ltd. (Cayman Islands),<br> Series 02A, Class AR, 144A, 3 Month LIBOR + 1.150% (Cap N/A, Floor 1.150%) | 5.475(c) | &nbsp;&nbsp;01/22/31 | 10340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10146570 |
| ICG US CLO Ltd. (Cayman Islands),<br> Series 2014-03A, Class A1RR, 144A, 3 Month LIBOR + 1.030% (Cap N/A, Floor 0.000%) | 5.388(c) | &nbsp;&nbsp;04/25/31 | &nbsp;&nbsp;7083 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6975679 |
| JMP Credit Advisors CLO Ltd. (Cayman Islands),<br> Series 2017-01A, Class AR, 144A, 3 Month LIBOR + 1.280% (Cap N/A, Floor 1.280%) | 5.359(c) | &nbsp;&nbsp;07/17/29 | &nbsp;&nbsp;8017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7936330 |
| KKR CLO Ltd. (Cayman Islands), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 11, Class AR, 144A, 3 Month LIBOR + 1.180% (Cap N/A, Floor 1.180%) | 5.259(c) | &nbsp;&nbsp;01/15/31 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;989746 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 18, Class AR, 144A, 3 Month LIBOR + 0.940% (Cap N/A, Floor 0.940%) | 5.134(c) | &nbsp;&nbsp;07/18/30 | 16976 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16637462 |

---

------

### PGIM Ultra Short Bond ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2022

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** |
| **Collateralized Loan Obligations (cont'd.)** | **Collateralized Loan Obligations (cont'd.)** | **Collateralized Loan Obligations (cont'd.)** | **Collateralized Loan Obligations (cont'd.)** | **Collateralized Loan Obligations (cont'd.)** |
| KKR CLO Ltd.,<br> Series 30A, Class A1R, 144A, 3 Month LIBOR + 1.020% (Cap N/A, Floor 1.020%) | 5.099 %(c) | &nbsp;&nbsp;10/17/31 | 14000 | &nbsp;&nbsp; $13696634 |
| Madison Park Funding Ltd. (Cayman Islands), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 12A, Class AR, 144A, 3 Month LIBOR + 0.830% (Cap N/A, Floor 0.000%) | 5.155(c) | &nbsp;&nbsp;04/22/27 | &nbsp;&nbsp;6919 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6846541 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-18A, Class ARR, 144A, 3 Month LIBOR + 0.940% (Cap N/A, Floor 0.940%) | 5.218(c) | &nbsp;&nbsp;10/21/30 | &nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2948772 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-38A, Class X, 144A, 3 Month LIBOR + 0.950% (Cap N/A, Floor 0.950%) | 5.029(c) | &nbsp;&nbsp;07/17/34 | &nbsp;&nbsp;3500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3455417 |
| Magnetite Ltd. (Cayman Islands),<br> Series 2015-16A, Class AR, 144A, 3 Month LIBOR + 0.800% (Cap N/A, Floor 0.000%) | 4.994(c) | &nbsp;&nbsp;01/18/28 | &nbsp;&nbsp;1822 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1805277 |
| MidOcean Credit CLO (Cayman Islands), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2016-05A, Class AR, 144A, 3 Month LIBOR + 1.120% (Cap N/A, Floor 0.000%) | 5.347(c) | &nbsp;&nbsp;07/19/28 | &nbsp;&nbsp;1852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1834806 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-07A, Class A1R, 144A, 3 Month LIBOR + 1.040% (Cap N/A, Floor 0.000%) | 5.119(c) | &nbsp;&nbsp;07/15/29 | &nbsp;&nbsp;8990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8831866 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-09A, Class A1, 144A, 3 Month LIBOR + 1.150% (Cap N/A, Floor 1.150%) | 5.393(c) | &nbsp;&nbsp;07/20/31 | &nbsp;&nbsp;5250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5096091 |
| Mountain View CLO Ltd. (Cayman Islands),<br> Series 2013-01A, Class ARR, 144A, 3 Month LIBOR + 1.000% (Cap N/A, Floor 1.000%) | 4.919(c) | &nbsp;&nbsp;10/12/30 | 13500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13293045 |
| Ocean Trails CLO (Cayman Islands),<br> Series 2019-07A, Class AR, 144A, 3 Month LIBOR + 1.010% (Cap N/A, Floor 1.010%) | 5.089(c) | &nbsp;&nbsp;04/17/30 | &nbsp;&nbsp;4906 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4825790 |
| OZLM Ltd. (Cayman Islands), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-06A, Class A1S, 144A, 3 Month LIBOR + 1.080% (Cap N/A, Floor 0.000%) | 5.159(c) | &nbsp;&nbsp;04/17/31 | &nbsp;&nbsp;8867 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8639170 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-09A, Class A1A3, 144A, 3 Month LIBOR + 1.100% (Cap N/A, Floor 1.100%) | 5.343(c) | &nbsp;&nbsp;10/20/31 | 18000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17515476 |
| Palmer Square CLO Ltd. (Cayman Islands), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-01A, Class A1R2, 144A, 3 Month LIBOR + 1.130% (Cap N/A, Floor 1.130%) | 5.209(c) | &nbsp;&nbsp;01/17/31 | &nbsp;&nbsp;1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1235129 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-02A, Class A1R2, 144A, 3 Month LIBOR + 1.100% (Cap N/A, Floor 0.000%) | 5.343(c) | &nbsp;&nbsp;07/20/30 | &nbsp;&nbsp;1382 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1362065 |
| Palmer Square Loan Funding Ltd. (Cayman Islands), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-04A, Class A1, 144A, 3 Month LIBOR + 0.800% (Cap N/A, Floor 0.800%) | 4.879(c) | &nbsp;&nbsp;10/15/29 | &nbsp;&nbsp;9591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9444850 |

---

------

### PGIM Ultra Short Bond ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2022

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** |
| **Collateralized Loan Obligations (cont'd.)** | **Collateralized Loan Obligations (cont'd.)** | **Collateralized Loan Obligations (cont'd.)** | **Collateralized Loan Obligations (cont'd.)** | **Collateralized Loan Obligations (cont'd.)** |
| Palmer Square Loan Funding Ltd. (Cayman Islands), (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-03A, Class A1A, 144A, 3 Month SOFR + 1.820% (Cap N/A, Floor 1.820%) | 5.825 %(c) | &nbsp;&nbsp;04/15/31 | 25000 | &nbsp;&nbsp; $24912275 |
| Park Avenue Institutional Advisers CLO Ltd. (Cayman Islands),<br> Series 2018-01A, Class A1AR, 144A, 3 Month LIBOR + 1.000% (Cap N/A, Floor 1.000%) | 5.243(c) | &nbsp;&nbsp;10/20/31 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9730720 |
| Sound Point CLO Ltd. (Cayman Islands), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-03RA, Class A1R, 144A, 3 Month LIBOR + 1.070% (Cap N/A, Floor 1.070%) | 5.395(c) | &nbsp;&nbsp;10/23/31 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9745040 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-03A, Class A1R, 144A, 3 Month LIBOR + 0.980% (Cap N/A, Floor 0.980%) | 5.223(c) | &nbsp;&nbsp;10/20/30 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9815790 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-01A, Class AR, 144A, 3 Month LIBOR + 1.080% (Cap N/A, Floor 1.080%) | 5.323(c) | &nbsp;&nbsp;01/20/32 | 13000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12697035 |
| TICP CLO Ltd. (Cayman Islands),<br> Series 2018-03R, Class A, 144A, 3 Month LIBOR + 0.840% (Cap N/A, Floor 0.840%) | 5.083(c) | &nbsp;&nbsp;04/20/28 | &nbsp;&nbsp;&nbsp;&nbsp;777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;771194 |
| Trinitas CLO Ltd. (Cayman Islands), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2016-04A, Class A1L2, 144A, 3 Month LIBOR + 1.100% (Cap N/A, Floor 1.100%) | 5.294(c) | &nbsp;&nbsp;10/18/31 | 12000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11745300 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2016-05A, Class ARR, 144A, 3 Month LIBOR + 1.030% (Cap N/A, Floor 1.030%) | 5.388(c) | &nbsp;&nbsp;10/25/28 | &nbsp;&nbsp;1787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1775172 |
| Venture CLO Ltd. (Cayman Islands), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-21A, Class AR, 144A, 3 Month LIBOR + 0.880% (Cap N/A, Floor 0.000%) | 4.959(c) | &nbsp;&nbsp;07/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66044 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2016-24A, Class ARR, 144A, 3 Month LIBOR + 0.900% (Cap N/A, Floor 0.900%) | 5.143(c) | &nbsp;&nbsp;10/20/28 | &nbsp;&nbsp;8388 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8235808 |
| Voya CLO Ltd. (Cayman Islands), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2013-02A, Class A1R, 144A, 3 Month SOFR + 1.232% (Cap N/A, Floor 0.970%) | 5.292(c) | &nbsp;&nbsp;04/25/31 | &nbsp;&nbsp;4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3932360 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-01A, Class AAR2, 144A, 3 Month SOFR + 1.252% (Cap N/A, Floor 0.000%) | 5.180(c) | &nbsp;&nbsp;04/18/31 | &nbsp;&nbsp;1864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1824032 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-02A, Class A1RR, 144A, 3 Month LIBOR + 1.020% (Cap N/A, Floor 1.020%) | 5.099(c) | &nbsp;&nbsp;04/17/30 | &nbsp;&nbsp;1612 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1584114 |
| Wellfleet CLO Ltd. (Cayman Islands), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2016-02A, Class A1R, 144A, 3 Month LIBOR + 1.140% (Cap N/A, Floor 1.140%) | 5.383(c) | &nbsp;&nbsp;10/20/28 | &nbsp;&nbsp;3748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3697963 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-02A, Class A1R, 144A, 3 Month LIBOR + 1.060% (Cap N/A, Floor 0.000%) | 5.303(c) | &nbsp;&nbsp;10/20/29 | &nbsp;&nbsp;1280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1261486 |

---

------

### PGIM Ultra Short Bond ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2022

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** |
| **Collateralized Loan Obligations (cont'd.)** | **Collateralized Loan Obligations (cont'd.)** | **Collateralized Loan Obligations (cont'd.)** | **Collateralized Loan Obligations (cont'd.)** | **Collateralized Loan Obligations (cont'd.)** |
| Wellfleet CLO Ltd. (Cayman Islands), (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-01A, Class A1R, 144A, 3 Month LIBOR + 1.120% (Cap N/A, Floor 1.120%) | 5.363 %(c) | &nbsp;&nbsp;07/20/32 | 20000 | &nbsp;&nbsp; $19418520 |
| Zais CLO Ltd. (Cayman Islands), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-02A, Class A, 144A, 3 Month LIBOR + 1.290% (Cap N/A, Floor 0.000%) | 5.369(c) | &nbsp;&nbsp;04/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;222 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218681 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-01A, Class A, 144A, 3 Month LIBOR + 0.950% (Cap N/A, Floor 0.000%) | 5.029(c) | &nbsp;&nbsp;04/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;396 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;390685 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;393436857 |
| **Consumer Loans 0.1%** | **Consumer Loans 0.1%** | **Consumer Loans 0.1%** | **Consumer Loans 0.1%** | **Consumer Loans 0.1%** |
| SoFi Consumer Loan Program Trust,<br> Series 2021-01, Class A, 144A | 0.490 | &nbsp;&nbsp;09/25/30 | &nbsp;&nbsp;&nbsp;&nbsp;976 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;948779 |
| **Equipment 0.3%** | **Equipment 0.3%** | **Equipment 0.3%** | **Equipment 0.3%** | **Equipment 0.3%** |
| MMAF Equipment Finance LLC,<br> Series 2022-A, Class A2, 144A | 2.770 | &nbsp;&nbsp;02/13/25 | 11000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10759488 |
| **Total Asset-Backed Securities<br> (cost $445,805,841)** | **Total Asset-Backed Securities<br> (cost $445,805,841)** | **Total Asset-Backed Securities<br> (cost $445,805,841)** | **Total Asset-Backed Securities<br> (cost $445,805,841)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;438026305 |
| **Certificates of Deposit 0.9%** | **Certificates of Deposit 0.9%** | **Certificates of Deposit 0.9%** | **Certificates of Deposit 0.9%** | **Certificates of Deposit 0.9%** |
| Canadian Imperial Bank of Commerce, SOFR + 0.810% (Cap N/A, Floor 0.000%) | 4.620(c) | &nbsp;&nbsp;12/11/23 | 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15010024 |
| Lloyds Bank Corporate Markets PLC, SOFR + 0.540% | 4.350(c) | &nbsp;&nbsp;01/31/24 | 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14950570 |
| **Total Certificates of Deposit<br> (cost $30,000,000)** | **Total Certificates of Deposit<br> (cost $30,000,000)** | **Total Certificates of Deposit<br> (cost $30,000,000)** | **Total Certificates of Deposit<br> (cost $30,000,000)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29960594 |
| **Commercial Mortgage-Backed Securities 12.9%** | **Commercial Mortgage-Backed Securities 12.9%** | **Commercial Mortgage-Backed Securities 12.9%** | **Commercial Mortgage-Backed Securities 12.9%** | **Commercial Mortgage-Backed Securities 12.9%** |
| Barclays Commercial Mortgage Securities Trust,<br> Series 2020-C07, Class A1 | 1.079 | &nbsp;&nbsp;04/15/53 | &nbsp;&nbsp;&nbsp;&nbsp;949 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;898260 |
| Benchmark Mortgage Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-B02, Class A2 | 3.662 | &nbsp;&nbsp;02/15/51 | &nbsp;&nbsp;&nbsp;&nbsp;556 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;551601 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-B03, Class A2 | 3.848 | &nbsp;&nbsp;04/10/51 | &nbsp;&nbsp;&nbsp;&nbsp;409 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;406249 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-B05, Class A2 | 4.077 | &nbsp;&nbsp;07/15/51 | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;788923 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-B18, Class A1 | 0.875 | &nbsp;&nbsp;07/15/53 | &nbsp;&nbsp;&nbsp;&nbsp;923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;869385 |
| Citigroup Commercial Mortgage Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2013-GC17, Class A4 | 4.131 | &nbsp;&nbsp;11/10/46 | 21000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20618249 |

---

------

### PGIM Ultra Short Bond ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2022

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** |
| Citigroup Commercial Mortgage Trust, (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-GC21, Class A4 | 3.575% | &nbsp;&nbsp;05/10/47 | &nbsp;&nbsp;5912 | &nbsp;&nbsp; $5753226 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-GC21, Class AAB | 3.477 | &nbsp;&nbsp;05/10/47 | &nbsp;&nbsp;&nbsp;&nbsp;130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128046 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-GC23, Class A3 | 3.356 | &nbsp;&nbsp;07/10/47 | 11062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10644948 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-GC23, Class AAB | 3.337 | &nbsp;&nbsp;07/10/47 | &nbsp;&nbsp;&nbsp;&nbsp;464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;455888 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-GC25, Class A3 | 3.372 | &nbsp;&nbsp;10/10/47 | &nbsp;&nbsp;6519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6241091 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2016-P04, Class A2 | 2.450 | &nbsp;&nbsp;07/10/49 | &nbsp;&nbsp;3635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3413510 |
| Commercial Mortgage Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2012-CR04, Class A3 | 2.853 | &nbsp;&nbsp;10/15/45 | &nbsp;&nbsp;&nbsp;&nbsp;297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;296707 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2013-CR08, Class A5 | 3.612(cc) | &nbsp;&nbsp;06/10/46 | 14328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14215576 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2013-CR11, Class ASB | 3.660 | &nbsp;&nbsp;08/10/50 | &nbsp;&nbsp;&nbsp;&nbsp;179 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178018 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-CR16, Class A3 | 3.775 | &nbsp;&nbsp;04/10/47 | 11527 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11220745 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-CR17, Class ASB | 3.598 | &nbsp;&nbsp;05/10/47 | &nbsp;&nbsp;&nbsp;&nbsp;193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190762 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-CR18, Class A4 | 3.550 | &nbsp;&nbsp;07/15/47 | &nbsp;&nbsp;8379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8083789 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-CR20, Class A3 | 3.326 | &nbsp;&nbsp;11/10/47 | &nbsp;&nbsp;4545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4319452 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-UBS02, Class A4 | 3.691 | &nbsp;&nbsp;03/10/47 | &nbsp;&nbsp;6239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6091613 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-UBS02, Class A5 | 3.961 | &nbsp;&nbsp;03/10/47 | 12500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12172879 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-UBS02, Class ASB | 3.472 | &nbsp;&nbsp;03/10/47 | &nbsp;&nbsp;&nbsp;&nbsp;408 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;402061 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-UBS04, Class A4 | 3.420 | &nbsp;&nbsp;08/10/47 | 14250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13718910 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-UBS05, Class A3 | 3.565 | &nbsp;&nbsp;09/10/47 | 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24184650 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-CR22, Class A3 | 3.207 | &nbsp;&nbsp;03/10/48 | &nbsp;&nbsp;&nbsp;&nbsp;820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;818565 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-CR23, Class ASB | 3.257 | &nbsp;&nbsp;05/10/48 | &nbsp;&nbsp;1007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;979342 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-CR24, Class A4 | 3.432 | &nbsp;&nbsp;08/10/48 | &nbsp;&nbsp;8523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8071207 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-CR24, Class ASB | 3.445 | &nbsp;&nbsp;08/10/48 | &nbsp;&nbsp;1897 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1852741 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-LC19, Class A3 | 2.922 | &nbsp;&nbsp;02/10/48 | 17197 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16445702 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-LC21, Class A4 | 3.708 | &nbsp;&nbsp;07/10/48 | 11000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10473473 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-LC23, Class A2 | 3.221 | &nbsp;&nbsp;10/10/48 | &nbsp;&nbsp;&nbsp;&nbsp;184 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183227 |
| CSAIL Commercial Mortgage Trust,<br> Series 2016-C05, Class ASB | 3.533 | &nbsp;&nbsp;11/15/48 | &nbsp;&nbsp;2442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2359390 |
| Deutsche Bank Commercial Mortgage Trust,<br> Series 2017-C06, Class A3 | 3.269 | &nbsp;&nbsp;06/10/50 | &nbsp;&nbsp;4040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3882026 |
| GS Mortgage Securities Corp. Trust,<br> Series 2021-RENT, Class A, 144A, 1 Month LIBOR + 0.700% (Cap N/A, Floor 0.700%) | 4.639(c) | &nbsp;&nbsp;11/21/35 | &nbsp;&nbsp;5369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5161914 |
| GS Mortgage Securities Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-GC18, Class A3 | 3.801 | &nbsp;&nbsp;01/10/47 | &nbsp;&nbsp;2430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2385562 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-GC22, Class A4 | 3.587 | &nbsp;&nbsp;06/10/47 | &nbsp;&nbsp;4840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4726065 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-GC22, Class AAB | 3.467 | &nbsp;&nbsp;06/10/47 | &nbsp;&nbsp;&nbsp;&nbsp;255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250496 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-GC24, Class A4 | 3.666 | &nbsp;&nbsp;09/10/47 | 19442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18738320 |
| JPMBB Commercial Mortgage Securities Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2013-C12, Class A4 | 3.363 | &nbsp;&nbsp;07/15/45 | &nbsp;&nbsp;&nbsp;&nbsp;339 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;336012 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2013-C14, Class A4 | 4.133(cc) | &nbsp;&nbsp;08/15/46 | &nbsp;&nbsp;3769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3723309 |

---

------

### PGIM Ultra Short Bond ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2022

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** |
| JPMBB Commercial Mortgage Securities Trust, (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2013-C14, Class ASB | 3.761 %(cc) | &nbsp;&nbsp;08/15/46 | &nbsp;&nbsp;3525 | &nbsp;&nbsp; $3484887 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2013-C17, Class A4 | 4.199 | &nbsp;&nbsp;01/15/47 | &nbsp;&nbsp;5988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5865990 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-C18, Class A4A2, 144A | 3.794 | &nbsp;&nbsp;02/15/47 | &nbsp;&nbsp;4343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4259577 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-C21, Class A4 | 3.493 | &nbsp;&nbsp;08/15/47 | 17071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16548336 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-C25, Class A4A1 | 3.408 | &nbsp;&nbsp;11/15/47 | &nbsp;&nbsp;1147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1096496 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-C25, Class ASB | 3.407 | &nbsp;&nbsp;11/15/47 | &nbsp;&nbsp;2350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2288295 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-C26, Class A3 | 3.231 | &nbsp;&nbsp;01/15/48 | 18125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17302414 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-C32, Class A4 | 3.329 | &nbsp;&nbsp;11/15/48 | &nbsp;&nbsp;3500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3376591 |
| JPMDB Commercial Mortgage Securities Trust,<br> Series 2020-COR07, Class A1 | 1.066 | &nbsp;&nbsp;05/13/53 | &nbsp;&nbsp;3671 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3456934 |
| JPMorgan Chase Commercial Mortgage Securities Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2013-LC11, Class A5 | 2.960 | &nbsp;&nbsp;04/15/46 | &nbsp;&nbsp;7287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7211067 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2016-JP02, Class ASB | 2.713 | &nbsp;&nbsp;08/15/49 | &nbsp;&nbsp;6419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6084844 |
| Morgan Stanley Bank of America Merrill Lynch Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2013-C09, Class AAB | 2.657 | &nbsp;&nbsp;05/15/46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38753 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2013-C12, Class ASB | 3.824 | &nbsp;&nbsp;10/15/46 | &nbsp;&nbsp;1103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1097766 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-C14, Class A5 | 4.064 | &nbsp;&nbsp;02/15/47 | &nbsp;&nbsp;9160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8963329 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-C15, Class A3 | 3.773 | &nbsp;&nbsp;04/15/47 | &nbsp;&nbsp;1165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1154250 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-C16, Class A4 | 3.600 | &nbsp;&nbsp;06/15/47 | 22604 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21975017 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-C17, Class A4 | 3.443 | &nbsp;&nbsp;08/15/47 | 12864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12457611 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-C19, Class A4 | 3.526 | &nbsp;&nbsp;12/15/47 | &nbsp;&nbsp;5325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5082525 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-C19, Class ASB | 3.326 | &nbsp;&nbsp;12/15/47 | &nbsp;&nbsp;3400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3319873 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-C23, Class ASB | 3.398 | &nbsp;&nbsp;07/15/50 | &nbsp;&nbsp;1259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1220392 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-C26, Class A5 | 3.531 | &nbsp;&nbsp;10/15/48 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9470033 |
| Morgan Stanley Capital I Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-H03, Class A2 | 3.997 | &nbsp;&nbsp;07/15/51 | &nbsp;&nbsp;&nbsp;&nbsp;491 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;485341 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-HR08, Class A1 | 0.932 | &nbsp;&nbsp;07/15/53 | &nbsp;&nbsp;1956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1822643 |
| One New York Plaza Trust,<br> Series 2020-01NYP, Class A, 144A, 1 Month LIBOR + 0.950% (Cap N/A, Floor 0.950%) | 4.825(c) | &nbsp;&nbsp;01/15/36 | 19065 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17957962 |
| UBS-Barclays Commercial Mortgage Trust,<br> Series 2013-C05, Class A4 | 3.185 | &nbsp;&nbsp;03/10/46 | &nbsp;&nbsp;&nbsp;&nbsp;860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;857317 |
| Wells Fargo Commercial Mortgage Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2013-LC12, Class A4 | 4.218(cc) | &nbsp;&nbsp;07/15/46 | 17500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17276837 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2013-LC12, Class ASB | 3.928(cc) | &nbsp;&nbsp;07/15/46 | &nbsp;&nbsp;2404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2394540 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-LC22, Class A3 | 3.572 | &nbsp;&nbsp;09/15/58 | &nbsp;&nbsp;4231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4017062 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-NXS02, Class A2 | 3.020 | &nbsp;&nbsp;07/15/58 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88210 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-NXS02, Class A4 | 3.498 | &nbsp;&nbsp;07/15/58 | 10300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9797227 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2016-C34, Class ASB | 2.911 | &nbsp;&nbsp;06/15/49 | &nbsp;&nbsp;3455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3297935 |

---

------

### PGIM Ultra Short Bond ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2022

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** |
| Wells Fargo Commercial Mortgage Trust, (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2016-NXS05, Class A5 | 3.372% | &nbsp;&nbsp;01/15/59 | &nbsp;&nbsp;4920 | &nbsp;&nbsp; $4617117 |
| **Total Commercial Mortgage-Backed Securities<br> (cost $439,150,952)** | **Total Commercial Mortgage-Backed Securities<br> (cost $439,150,952)** | **Total Commercial Mortgage-Backed Securities<br> (cost $439,150,952)** | **Total Commercial Mortgage-Backed Securities<br> (cost $439,150,952)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;424599060 |
| **Corporate Bonds 39.7%** | **Corporate Bonds 39.7%** | **Corporate Bonds 39.7%** | **Corporate Bonds 39.7%** | **Corporate Bonds 39.7%** |
| **Aerospace & Defense 0.3%** | **Aerospace & Defense 0.3%** | **Aerospace & Defense 0.3%** | **Aerospace & Defense 0.3%** | **Aerospace & Defense 0.3%** |
| Boeing Co. (The),<br> Sr. Unsec'd. Notes | 1.167 | &nbsp;&nbsp;02/04/23 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9933757 |
| **Agriculture 0.7%** | **Agriculture 0.7%** | **Agriculture 0.7%** | **Agriculture 0.7%** | **Agriculture 0.7%** |
| Cargill, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 1.375 | &nbsp;&nbsp;07/23/23 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;977399 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 3.500 | &nbsp;&nbsp;04/22/25 | &nbsp;&nbsp;6750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6557336 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 4.875 | &nbsp;&nbsp;10/10/25 | 14000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14019880 |
| Philip Morris International, Inc.,<br> Sr. Unsec'd. Notes | 1.125 | &nbsp;&nbsp;05/01/23 | &nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2955247 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24509862 |
| **Auto Manufacturers 3.4%** | **Auto Manufacturers 3.4%** | **Auto Manufacturers 3.4%** | **Auto Manufacturers 3.4%** | **Auto Manufacturers 3.4%** |
| American Honda Finance Corp.,<br> Sr. Unsec'd. Notes, MTN(a) | 0.750 | &nbsp;&nbsp;08/09/24 | &nbsp;&nbsp;4500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4208754 |
| BMW US Capital LLC (Germany), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 3.250 | &nbsp;&nbsp;04/01/25 | &nbsp;&nbsp;7000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6764185 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 3.800 | &nbsp;&nbsp;04/06/23 | &nbsp;&nbsp;4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3986799 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A, SOFR Index + 0.530% | 4.051(c) | &nbsp;&nbsp;04/01/24 | &nbsp;&nbsp;4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3973024 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A, SOFR Index + 0.840% | 4.437(c) | &nbsp;&nbsp;04/01/25 | 11390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11312205 |
| Mercedes-Benz Finance North America LLC (Germany), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 0.750 | &nbsp;&nbsp;03/01/24 | 13500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12777280 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 5.375 | &nbsp;&nbsp;11/26/25 | &nbsp;&nbsp;8500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8561174 |
| PACCAR Financial Corp.,<br> Sr. Unsec'd. Notes, MTN | 3.550 | &nbsp;&nbsp;08/11/25 | 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24404030 |
| Toyota Motor Credit Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, MTN | 3.650 | &nbsp;&nbsp;08/18/25 | &nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4871899 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, MTN(a) | 3.950 | &nbsp;&nbsp;06/30/25 | 18750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18454050 |
| Volkswagen Group of America Finance LLC (Germany),<br> Gtd. Notes, 144A | 3.950 | &nbsp;&nbsp;06/06/25 | 13250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12867397 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112180797 |

---

------

### PGIM Ultra Short Bond ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2022

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Banks 10.0%** | **Banks 10.0%** | **Banks 10.0%** | **Banks 10.0%** | **Banks 10.0%** |
| Bank of America Corp.,<br> Sr. Unsec'd. Notes, MTN, 3 Month BSBY + 0.430% | 4.963 %(c) | &nbsp;&nbsp;05/28/24 | 15000 | &nbsp;&nbsp; $14840993 |
| Bank of Montreal (Canada),<br> Sr. Unsec'd. Notes, MTN, SOFR Index + 0.710% | 3.895(c) | &nbsp;&nbsp;03/08/24 | 20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19880026 |
| Bank of Nova Scotia (The) (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 1.625 | &nbsp;&nbsp;05/01/23 | &nbsp;&nbsp;6000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5913598 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, SOFR Index + 0.900% | 4.495(c) | &nbsp;&nbsp;04/11/25 | &nbsp;&nbsp;4750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4686207 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, MTN, SOFR + 0.460% | 4.044(c) | &nbsp;&nbsp;01/10/25 | &nbsp;&nbsp;7750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7610864 |
| Banque Federative du Credit Mutuel SA (France), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 0.650 | &nbsp;&nbsp;02/27/24 | &nbsp;&nbsp;7250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6845557 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A, SOFR Index + 0.410% | 4.219(c) | &nbsp;&nbsp;02/04/25 | 20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19553638 |
| Canadian Imperial Bank of Commerce (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, SOFR Index + 0.420% | 4.068(c) | &nbsp;&nbsp;10/18/24 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9819829 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, SOFR + 0.800% | 4.206(c) | &nbsp;&nbsp;03/17/23 | &nbsp;&nbsp;6000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6009289 |
| Cooperatieve Rabobank UA (Netherlands),<br> Sr. Unsec'd. Notes, SOFR Index + 0.300% (Cap N/A, Floor 0.000%) | 3.903(c) | &nbsp;&nbsp;01/12/24 | &nbsp;&nbsp;5500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5468343 |
| Credit Agricole Corporate & Investment Bank SA (France),<br> Bank Gtd. Notes, MTN | 0.400 | &nbsp;&nbsp;01/15/23 | 11600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11540107 |
| Credit Suisse AG (Switzerland),<br> Sr. Unsec'd. Notes, SOFR Index + 0.390% | 4.189(c) | &nbsp;&nbsp;02/02/24 | &nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2411787 |
| Deutsche Bank AG (Germany),<br> Sr. Unsec'd. Notes, Series E, SOFR + 0.500% (Cap N/A, Floor 0.000%) | 4.324(c) | &nbsp;&nbsp;11/08/23 | 20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19850810 |
| DNB Bank ASA (Norway),<br> Sr. Unsec'd. Notes, 144A | 5.896(ff) | &nbsp;&nbsp;10/09/26 | 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24993502 |
| Federation des Caisses Desjardins du Quebec (Canada),<br> Sr. Unsec'd. Notes, 144A(a) | 4.400 | &nbsp;&nbsp;08/23/25 | 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24382975 |
| Fifth Third Bank NA,<br> Sr. Unsec'd. Notes, MTN | 1.800 | &nbsp;&nbsp;01/30/23 | &nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4975490 |
| JPMorgan Chase & Co.,<br> Sr. Unsec'd. Notes | 0.768(ff) | &nbsp;&nbsp;08/09/25 | 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13840918 |
| Morgan Stanley,<br> Sr. Unsec'd. Notes, GMTN | 3.750 | &nbsp;&nbsp;02/25/23 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9974049 |
| National Australia Bank Ltd. (Australia),<br> Sr. Unsec'd. Notes | 3.500 | &nbsp;&nbsp;06/09/25 | &nbsp;&nbsp;7250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7029003 |
| National Securities Clearing Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 0.400 | &nbsp;&nbsp;12/07/23 | &nbsp;&nbsp;3750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3593596 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 1.200 | &nbsp;&nbsp;04/23/23 | &nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2956767 |

---

------

### PGIM Ultra Short Bond ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2022

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Banks (cont'd.)** | **Banks (cont'd.)** | **Banks (cont'd.)** | **Banks (cont'd.)** | **Banks (cont'd.)** |
| NatWest Markets PLC (United Kingdom),<br> Sr. Unsec'd. Notes, 144A, SOFR + 1.450% | 4.873 %(c) | &nbsp;&nbsp;03/22/25 | &nbsp;&nbsp;9000 | &nbsp;&nbsp; $8914606 |
| Nordea Bank Abp (Finland), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 0.625 | &nbsp;&nbsp;05/24/24 | &nbsp;&nbsp;9500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8884762 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A(a) | 4.750 | &nbsp;&nbsp;09/22/25 | 10500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10413817 |
| Royal Bank of Canada (Canada),<br> Sr. Unsec'd. Notes, GMTN, SOFR Index + 0.340% | 3.916(c) | &nbsp;&nbsp;10/07/24 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9825926 |
| Skandinaviska Enskilda Banken AB (Sweden),<br> Sr. Unsec'd. Notes, 144A | 0.650 | &nbsp;&nbsp;09/09/24 | 11250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10389357 |
| Sumitomo Mitsui Trust Bank Ltd. (Japan),<br> Sr. Unsec'd. Notes, 144A, MTN, SOFR + 0.440% | 3.726(c) | &nbsp;&nbsp;09/16/24 | &nbsp;&nbsp;7500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7445066 |
| Toronto-Dominion Bank (The) (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, MTN, SOFR + 0.350% | 3.569(c) | &nbsp;&nbsp;09/10/24 | &nbsp;&nbsp;8000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7874953 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, MTN, SOFR + 0.220% | 4.048(c) | &nbsp;&nbsp;06/02/23 | &nbsp;&nbsp;5200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5187302 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, MTN, SOFR + 0.480% | 4.228(c) | &nbsp;&nbsp;01/27/23 | &nbsp;&nbsp;7138 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7137319 |
| Truist Bank, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, SOFR + 0.200% | 3.846(c) | &nbsp;&nbsp;01/17/24 | 14850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14848920 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, SOFR + 0.730% (Cap N/A, Floor 0.000%) | 3.932(c) | &nbsp;&nbsp;03/09/23 | &nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1991695 |
| UBS AG (Switzerland), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A, MTN | 0.450 | &nbsp;&nbsp;02/09/24 | &nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2828930 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A, MTN, SOFR + 0.360% | 4.184(c) | &nbsp;&nbsp;02/09/24 | &nbsp;&nbsp;4500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4468892 |
| UBS Group AG (Switzerland),<br> Sr. Unsec'd. Notes, 144A | 1.008(ff) | &nbsp;&nbsp;07/30/24 | &nbsp;&nbsp;1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1211397 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;327600290 |
| **Beverages 1.7%** | **Beverages 1.7%** | **Beverages 1.7%** | **Beverages 1.7%** | **Beverages 1.7%** |
| Coca-Cola Europacific Partners PLC (United Kingdom), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 0.500 | &nbsp;&nbsp;05/05/23 | &nbsp;&nbsp;5600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5488717 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 0.800 | &nbsp;&nbsp;05/03/24 | &nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2813474 |
| Diageo Capital PLC (United Kingdom),<br> Gtd. Notes | 5.200 | &nbsp;&nbsp;10/24/25 | 17000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17169269 |
| Keurig Dr. Pepper, Inc.,<br> Gtd. Notes | 0.750 | &nbsp;&nbsp;03/15/24 | 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23642275 |
| PepsiCo, Inc.,<br> Sr. Unsec'd. Notes | 0.400 | &nbsp;&nbsp;10/07/23 | &nbsp;&nbsp;5500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5302715 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54416450 |

---

------

### PGIM Ultra Short Bond ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2022

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Biotechnology 0.1%** | **Biotechnology 0.1%** | **Biotechnology 0.1%** | **Biotechnology 0.1%** | **Biotechnology 0.1%** |
| Gilead Sciences, Inc.,<br> Sr. Unsec'd. Notes | 0.750% | &nbsp;&nbsp;09/29/23 | &nbsp;&nbsp;2250 | &nbsp;&nbsp; $2172802 |
| **Building Materials 0.1%** | **Building Materials 0.1%** | **Building Materials 0.1%** | **Building Materials 0.1%** | **Building Materials 0.1%** |
| Martin Marietta Materials, Inc.,<br> Sr. Unsec'd. Notes | 0.650 | &nbsp;&nbsp;07/15/23 | &nbsp;&nbsp;2250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2184455 |
| **Chemicals 1.5%** | **Chemicals 1.5%** | **Chemicals 1.5%** | **Chemicals 1.5%** | **Chemicals 1.5%** |
| Air Liquide Finance SA (France),<br> Gtd. Notes, 144A | 2.250 | &nbsp;&nbsp;09/27/23 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;977773 |
| Linde, Inc.,<br> Gtd. Notes | 4.700 | &nbsp;&nbsp;12/05/25 | 28500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28603910 |
| Nutrien Ltd. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 1.900 | &nbsp;&nbsp;05/13/23 | &nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2956510 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 5.950 | &nbsp;&nbsp;11/07/25 | &nbsp;&nbsp;7250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7381152 |
| Sherwin-Williams Co. (The),<br> Sr. Unsec'd. Notes | 4.250 | &nbsp;&nbsp;08/08/25 | &nbsp;&nbsp;5500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5418827 |
| Westlake Corp.,<br> Sr. Unsec'd. Notes | 0.875 | &nbsp;&nbsp;08/15/24 | &nbsp;&nbsp;2750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2550322 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47888494 |
| **Cosmetics/Personal Care 0.4%** | **Cosmetics/Personal Care 0.4%** | **Cosmetics/Personal Care 0.4%** | **Cosmetics/Personal Care 0.4%** | **Cosmetics/Personal Care 0.4%** |
| Colgate-Palmolive Co.,<br> Sr. Unsec'd. Notes | 3.100 | &nbsp;&nbsp;08/15/25 | &nbsp;&nbsp;6750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6562829 |
| GSK Consumer Healthcare Capital US LLC,<br> Gtd. Notes, SOFR + 0.890% | 4.347(c) | &nbsp;&nbsp;03/24/24 | &nbsp;&nbsp;6250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6217961 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12780790 |
| **Diversified Financial Services 1.7%** | **Diversified Financial Services 1.7%** | **Diversified Financial Services 1.7%** | **Diversified Financial Services 1.7%** | **Diversified Financial Services 1.7%** |
| AIG Global Funding,<br> Sr. Sec'd. Notes, 144A | 0.650 | &nbsp;&nbsp;06/17/24 | 12750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11913550 |
| Air Lease Corp.,<br> Sr. Unsec'd. Notes, MTN, 3 Month LIBOR + 0.350% (Cap N/A, Floor 0.000%) | 3.643(c) | &nbsp;&nbsp;12/15/22 | 20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19993325 |
| American Express Co.,<br> Sr. Unsec'd. Notes | 3.400 | &nbsp;&nbsp;02/27/23 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9968497 |

---

------

### PGIM Ultra Short Bond ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2022

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Diversified Financial Services (cont'd.)** | **Diversified Financial Services (cont'd.)** | **Diversified Financial Services (cont'd.)** | **Diversified Financial Services (cont'd.)** | **Diversified Financial Services (cont'd.)** |
| Capital One Financial Corp.,<br> Sr. Unsec'd. Notes, 3 Month LIBOR + 0.720% | 5.135 %(c) | &nbsp;&nbsp;01/30/23 | &nbsp;&nbsp;1660 | &nbsp;&nbsp; $1654259 |
| Citigroup Global Markets Holdings, Inc.,<br> Gtd. Notes, MTN | 0.750 | &nbsp;&nbsp;06/07/24 | 13250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12427842 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55957473 |
| **Electric 4.8%** | **Electric 4.8%** | **Electric 4.8%** | **Electric 4.8%** | **Electric 4.8%** |
| American Electric Power Co., Inc.,<br> Sr. Unsec'd. Notes, Series A, 3 Month LIBOR + 0.480% | 4.920(c) | &nbsp;&nbsp;11/01/23 | &nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2985268 |
| CenterPoint Energy, Inc.,<br> Sr. Unsec'd. Notes, SOFR Index + 0.650% | 4.475(c) | &nbsp;&nbsp;05/13/24 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9846740 |
| DTE Energy Co.,<br> Sr. Unsec'd. Notes | 4.220 | &nbsp;&nbsp;11/01/24 | &nbsp;&nbsp;8250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8107752 |
| Entergy Louisiana LLC,<br> First Mortgage | 0.620 | &nbsp;&nbsp;11/17/23 | &nbsp;&nbsp;2569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2461151 |
| Florida Power & Light Co.,<br> Sr. Unsec'd. Notes, SOFR Index + 0.250% | 4.074(c) | &nbsp;&nbsp;05/10/23 | 12000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11966637 |
| NextEra Energy Capital Holdings, Inc.,<br> Gtd. Notes | 2.940 | &nbsp;&nbsp;03/21/24 | 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14554310 |
| OGE Energy Corp.,<br> Sr. Unsec'd. Notes | 0.703 | &nbsp;&nbsp;05/26/23 | 22988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22512157 |
| PPL Electric Utilities Corp.,<br> First Mortgage, SOFR + 0.330% | 3.787(c) | &nbsp;&nbsp;06/24/24 | 12245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12079275 |
| Public Service Enterprise Group, Inc.,<br> Sr. Unsec'd. Notes | 0.841 | &nbsp;&nbsp;11/08/23 | 20300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19461960 |
| Southern California Edison Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;First Mortgage, Series C | 4.200 | &nbsp;&nbsp;06/01/25 | 14250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14013332 |
| &nbsp;&nbsp;&nbsp;&nbsp;First Mortgage, Series D | 3.400 | &nbsp;&nbsp;06/01/23 | 13475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13333367 |
| WEC Energy Group, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 0.550 | &nbsp;&nbsp;09/15/23 | 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14476502 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 0.800 | &nbsp;&nbsp;03/15/24 | &nbsp;&nbsp;7250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6861898 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 5.000 | &nbsp;&nbsp;09/27/25 | &nbsp;&nbsp;6000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6030642 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158690991 |
| **Entertainment 0.2%** | **Entertainment 0.2%** | **Entertainment 0.2%** | **Entertainment 0.2%** | **Entertainment 0.2%** |
| Warnermedia Holdings, Inc.,<br> Gtd. Notes, 144A, SOFR Index + 1.780% | 5.084(c) | &nbsp;&nbsp;03/15/24 | &nbsp;&nbsp;7500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7474244 |

---

------

### PGIM Ultra Short Bond ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2022

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Foods 1.2%** | **Foods 1.2%** | **Foods 1.2%** | **Foods 1.2%** | **Foods 1.2%** |
| Hormel Foods Corp.,<br> Sr. Unsec'd. Notes | 0.650% | &nbsp;&nbsp;06/03/24 | &nbsp;&nbsp;3500 | &nbsp;&nbsp; $3291846 |
| Mondelez International Holdings Netherlands BV,<br> Gtd. Notes, 144A | 4.250 | &nbsp;&nbsp;09/15/25 | 13750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13503926 |
| Nestle Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 0.375 | &nbsp;&nbsp;01/15/24 | &nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4762422 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | 4.000 | &nbsp;&nbsp;09/12/25 | 16750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16595994 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38154188 |
| **Forest Products & Paper 0.2%** | **Forest Products & Paper 0.2%** | **Forest Products & Paper 0.2%** | **Forest Products & Paper 0.2%** | **Forest Products & Paper 0.2%** |
| Georgia-Pacific LLC,<br> Sr. Unsec'd. Notes, 144A | 3.734 | &nbsp;&nbsp;07/15/23 | &nbsp;&nbsp;7000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6938291 |
| **Gas 0.2%** | **Gas 0.2%** | **Gas 0.2%** | **Gas 0.2%** | **Gas 0.2%** |
| Atmos Energy Corp.,<br> Sr. Unsec'd. Notes, 3 Month LIBOR + 0.380% | 3.574(c) | &nbsp;&nbsp;03/09/23 | &nbsp;&nbsp;5250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5243435 |
| **Healthcare-Products 1.3%** | **Healthcare-Products 1.3%** | **Healthcare-Products 1.3%** | **Healthcare-Products 1.3%** | **Healthcare-Products 1.3%** |
| Baxter International, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 0.868 | &nbsp;&nbsp;12/01/23 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9606004 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, SOFR Index + 0.260% | 4.079(c) | &nbsp;&nbsp;12/01/23 | 20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19817163 |
| Stryker Corp.,<br> Sr. Unsec'd. Notes | 0.600 | &nbsp;&nbsp;12/01/23 | &nbsp;&nbsp;1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1193982 |
| Thermo Fisher Scientific, Inc.,<br> Sr. Unsec'd. Notes, SOFR Index + 0.530% | 4.182(c) | &nbsp;&nbsp;10/18/24 | 12435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12317022 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42934171 |
| **Healthcare-Services 0.4%** | **Healthcare-Services 0.4%** | **Healthcare-Services 0.4%** | **Healthcare-Services 0.4%** | **Healthcare-Services 0.4%** |
| UnitedHealth Group, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 0.550 | &nbsp;&nbsp;05/15/24 | &nbsp;&nbsp;7250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6824416 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 5.150 | &nbsp;&nbsp;10/15/25 | &nbsp;&nbsp;5750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5842963 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12667379 |
| **Household Products/Wares 0.3%** | **Household Products/Wares 0.3%** | **Household Products/Wares 0.3%** | **Household Products/Wares 0.3%** | **Household Products/Wares 0.3%** |
| Avery Dennison Corp.,<br> Sr. Unsec'd. Notes | 0.850 | &nbsp;&nbsp;08/15/24 | 12350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11514274 |

---

------

### PGIM Ultra Short Bond ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2022

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Insurance 3.0%** | **Insurance 3.0%** | **Insurance 3.0%** | **Insurance 3.0%** | **Insurance 3.0%** |
| Berkshire Hathaway, Inc.,<br> Sr. Unsec'd. Notes | 2.750% | &nbsp;&nbsp;03/15/23 | &nbsp;&nbsp;4853 | &nbsp;&nbsp; $4826342 |
| Corebridge Financial, Inc.,<br> Sr. Unsec'd. Notes, 144A | 3.500 | &nbsp;&nbsp;04/04/25 | &nbsp;&nbsp;8000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7662188 |
| Equitable Financial Life Global Funding, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sec'd. Notes, 144A | 0.800 | &nbsp;&nbsp;08/12/24 | &nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2781754 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sec'd. Notes, 144A, SOFR + 0.390% | 3.968(c) | &nbsp;&nbsp;04/06/23 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9976910 |
| Metropolitan Life Global Funding I,<br> Sec'd. Notes, 144A, MTN | 4.050 | &nbsp;&nbsp;08/25/25 | 23250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22766863 |
| New York Life Global Funding, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sec'd. Notes, 144A | 2.900 | &nbsp;&nbsp;01/17/24 | &nbsp;&nbsp;4190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4096735 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sec'd. Notes, 144A, MTN | 3.600 | &nbsp;&nbsp;08/05/25 | 19750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19101075 |
| Pacific Life Global Funding II,<br> Sr. Sec'd. Notes, 144A | 0.500 | &nbsp;&nbsp;09/23/23 | &nbsp;&nbsp;4750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4581894 |
| Principal Life Global Funding II, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sec'd. Notes, 144A | 0.500 | &nbsp;&nbsp;01/08/24 | &nbsp;&nbsp;7250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6894614 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sec'd. Notes, 144A, SOFR + 0.450% | 4.053(c) | &nbsp;&nbsp;04/12/24 | &nbsp;&nbsp;1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1242103 |
| Protective Life Global Funding, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sec'd. Notes, 144A | 0.631 | &nbsp;&nbsp;10/13/23 | &nbsp;&nbsp;4250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4097097 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 0.473 | &nbsp;&nbsp;01/12/24 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9489030 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97516605 |
| **Internet 1.0%** | **Internet 1.0%** | **Internet 1.0%** | **Internet 1.0%** | **Internet 1.0%** |
| Amazon.com, Inc.,<br> Sr. Unsec'd. Notes | 4.600 | &nbsp;&nbsp;12/01/25 | 32000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32120061 |
| **Iron/Steel 0.2%** | **Iron/Steel 0.2%** | **Iron/Steel 0.2%** | **Iron/Steel 0.2%** | **Iron/Steel 0.2%** |
| Nucor Corp.,<br> Sr. Unsec'd. Notes | 3.950 | &nbsp;&nbsp;05/23/25 | &nbsp;&nbsp;8000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7837926 |
| **Machinery-Construction & Mining 0.5%** | **Machinery-Construction & Mining 0.5%** | **Machinery-Construction & Mining 0.5%** | **Machinery-Construction & Mining 0.5%** | **Machinery-Construction & Mining 0.5%** |
| Caterpillar Financial Services Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, MTN | 0.450 | &nbsp;&nbsp;09/14/23 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9686144 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, MTN, SOFR + 0.245% | 4.064(c) | &nbsp;&nbsp;05/17/24 | &nbsp;&nbsp;6000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5963233 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15649377 |

---

------

### PGIM Ultra Short Bond ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2022

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Machinery-Diversified 0.4%** | **Machinery-Diversified 0.4%** | **Machinery-Diversified 0.4%** | **Machinery-Diversified 0.4%** | **Machinery-Diversified 0.4%** |
| CNH Industrial Capital LLC,<br> Gtd. Notes | 3.950% | &nbsp;&nbsp;05/23/25 | 12500 | &nbsp;&nbsp; $12175451 |
| John Deere Capital Corp.,<br> Sr. Unsec'd. Notes, MTN, SOFR + 0.200% | 3.764(c) | &nbsp;&nbsp;10/11/24 | &nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1975777 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14151228 |
| **Media 0.2%** | **Media 0.2%** | **Media 0.2%** | **Media 0.2%** | **Media 0.2%** |
| Comcast Corp.,<br> Gtd. Notes | 5.250 | &nbsp;&nbsp;11/07/25 | &nbsp;&nbsp;7250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7374132 |
| **Miscellaneous Manufacturing 0.4%** | **Miscellaneous Manufacturing 0.4%** | **Miscellaneous Manufacturing 0.4%** | **Miscellaneous Manufacturing 0.4%** | **Miscellaneous Manufacturing 0.4%** |
| Carlisle Cos., Inc.,<br> Sr. Unsec'd. Notes | 0.550 | &nbsp;&nbsp;09/01/23 | &nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2893779 |
| General Electric Co.,<br> Sr. Unsec'd. Notes, GMTN | 3.100 | &nbsp;&nbsp;01/09/23 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9968111 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12861890 |
| **Oil & Gas 0.3%** | **Oil & Gas 0.3%** | **Oil & Gas 0.3%** | **Oil & Gas 0.3%** | **Oil & Gas 0.3%** |
| Exxon Mobil Corp.,<br> Sr. Unsec'd. Notes | 1.571 | &nbsp;&nbsp;04/15/23 | &nbsp;&nbsp;4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3952551 |
| Phillips 66,<br> Gtd. Notes | 0.900 | &nbsp;&nbsp;02/15/24 | &nbsp;&nbsp;4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3810438 |
| Pioneer Natural Resources Co.,<br> Sr. Unsec'd. Notes | 0.550 | &nbsp;&nbsp;05/15/23 | &nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2450918 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10213907 |
| **Pharmaceuticals 1.0%** | **Pharmaceuticals 1.0%** | **Pharmaceuticals 1.0%** | **Pharmaceuticals 1.0%** | **Pharmaceuticals 1.0%** |
| AmerisourceBergen Corp.,<br> Sr. Unsec'd. Notes | 0.737 | &nbsp;&nbsp;03/15/23 | &nbsp;&nbsp;5312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5245656 |
| Astrazeneca Finance LLC (United Kingdom),<br> Gtd. Notes | 0.700 | &nbsp;&nbsp;05/28/24 | 12250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11511045 |
| Bristol-Myers Squibb Co.,<br> Sr. Unsec'd. Notes | 0.537 | &nbsp;&nbsp;11/13/23 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9599624 |
| GlaxoSmithKline Capital PLC (United Kingdom),<br> Gtd. Notes | 0.534 | &nbsp;&nbsp;10/01/23 | &nbsp;&nbsp;6500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6272267 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32628592 |

---

------

### PGIM Ultra Short Bond ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2022

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Pipelines 0.7%** | **Pipelines 0.7%** | **Pipelines 0.7%** | **Pipelines 0.7%** | **Pipelines 0.7%** |
| Enbridge, Inc. (Canada),<br> Gtd. Notes | 0.550% | &nbsp;&nbsp;10/04/23 | &nbsp;&nbsp;8000 | &nbsp;&nbsp; $7689663 |
| Southern Natural Gas Co. LLC,<br> Sr. Unsec'd. Notes, 144A | 0.625 | &nbsp;&nbsp;04/28/23 | &nbsp;&nbsp;5250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5128209 |
| TransCanada PipeLines Ltd. (Canada),<br> Sr. Unsec'd. Notes | 1.000 | &nbsp;&nbsp;10/12/24 | &nbsp;&nbsp;9750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9037354 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21855226 |
| **Real Estate Investment Trusts (REITs) 0.2%** | **Real Estate Investment Trusts (REITs) 0.2%** | **Real Estate Investment Trusts (REITs) 0.2%** | **Real Estate Investment Trusts (REITs) 0.2%** | **Real Estate Investment Trusts (REITs) 0.2%** |
| Public Storage,<br> Sr. Unsec'd. Notes, SOFR + 0.470% | 4.173(c) | &nbsp;&nbsp;04/23/24 | &nbsp;&nbsp;8500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8442381 |
| **Retail 1.2%** | **Retail 1.2%** | **Retail 1.2%** | **Retail 1.2%** | **Retail 1.2%** |
| 7-Eleven, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 0.625 | &nbsp;&nbsp;02/10/23 | &nbsp;&nbsp;1750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1734508 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 0.800 | &nbsp;&nbsp;02/10/24 | &nbsp;&nbsp;2250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2130606 |
| Dollar General Corp.,<br> Sr. Unsec'd. Notes | 4.250 | &nbsp;&nbsp;09/20/24 | &nbsp;&nbsp;6750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6657555 |
| Home Depot, Inc. (The),<br> Sr. Unsec'd. Notes | 2.700 | &nbsp;&nbsp;04/15/25 | &nbsp;&nbsp;6000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5772359 |
| Lowe's Cos., Inc.,<br> Sr. Unsec'd. Notes | 4.400 | &nbsp;&nbsp;09/08/25 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9928592 |
| Walmart, Inc.,<br> Sr. Unsec'd. Notes | 3.900 | &nbsp;&nbsp;09/09/25 | 13750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13594272 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39817892 |
| **Savings & Loans 0.3%** | **Savings & Loans 0.3%** | **Savings & Loans 0.3%** | **Savings & Loans 0.3%** | **Savings & Loans 0.3%** |
| Nationwide Building Society (United Kingdom),<br> Sr. Unsec'd. Notes, 144A | 0.550 | &nbsp;&nbsp;01/22/24 | &nbsp;&nbsp;9750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9224400 |
| **Semiconductors 0.9%** | **Semiconductors 0.9%** | **Semiconductors 0.9%** | **Semiconductors 0.9%** | **Semiconductors 0.9%** |
| Analog Devices, Inc.,<br> Sr. Unsec'd. Notes, SOFR + 0.250% | 3.769(c) | &nbsp;&nbsp;10/01/24 | &nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1966179 |
| Microchip Technology, Inc.,<br> Sr. Unsec'd. Notes | 0.972 | &nbsp;&nbsp;02/15/24 | 28500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26990592 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28956771 |

---

------

### PGIM Ultra Short Bond ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2022

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Software 0.2%** | **Software 0.2%** | **Software 0.2%** | **Software 0.2%** | **Software 0.2%** |
| Fidelity National Information Services, Inc.,<br> Sr. Unsec'd. Notes | 0.600% | &nbsp;&nbsp;03/01/24 | &nbsp;&nbsp;5750 | &nbsp;&nbsp; $5439755 |
| Infor, Inc.,<br> Sr. Unsec'd. Notes, 144A | 1.450 | &nbsp;&nbsp;07/15/23 | &nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1168584 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6608339 |
| **Telecommunications 0.7%** | **Telecommunications 0.7%** | **Telecommunications 0.7%** | **Telecommunications 0.7%** | **Telecommunications 0.7%** |
| NTT Finance Corp. (Japan), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 0.583 | &nbsp;&nbsp;03/01/24 | &nbsp;&nbsp;6500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6151030 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 4.142 | &nbsp;&nbsp;07/26/24 | &nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2952627 |
| Verizon Communications, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes(a) | 0.750 | &nbsp;&nbsp;03/22/24 | &nbsp;&nbsp;8000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7606074 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, SOFR Index + 0.500% | 3.923(c) | &nbsp;&nbsp;03/22/24 | &nbsp;&nbsp;7000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6947988 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23657719 |
| **Total Corporate Bonds<br> (cost $1,328,018,111)** | **Total Corporate Bonds<br> (cost $1,328,018,111)** | **Total Corporate Bonds<br> (cost $1,328,018,111)** | **Total Corporate Bonds<br> (cost $1,328,018,111)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1302158589 |
| **Residential Mortgage-Backed Security 0.3%** | **Residential Mortgage-Backed Security 0.3%** | **Residential Mortgage-Backed Security 0.3%** | **Residential Mortgage-Backed Security 0.3%** | **Residential Mortgage-Backed Security 0.3%** |
| Towd Point Mortgage Trust,<br> Series 2021-SJ01, Class A1, 144A<br> (cost $10,587,208) | 2.250(cc) | &nbsp;&nbsp;07/25/68 | 10477 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9811986 |
| **Total Long-Term Investments<br> (cost $2,253,562,112)** | **Total Long-Term Investments<br> (cost $2,253,562,112)** | **Total Long-Term Investments<br> (cost $2,253,562,112)** | **Total Long-Term Investments<br> (cost $2,253,562,112)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2204556534 |

---

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**Shares** |  |
| **Short-Term Investments 33.9%** | **Short-Term Investments 33.9%** | **Short-Term Investments 33.9%** |
| **Affiliated Mutual Fund 0.4%** |  |  |
| PGIM Institutional Money Market Fund<br> (cost $13,751,053; includes $13,687,224 of cash collateral for securities on loan)(b)(we) | &nbsp;&nbsp;13763332 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13753698 |

---

------

### PGIM Ultra Short Bond ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2022

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Certificates of Deposit 5.4%** | **Certificates of Deposit 5.4%** | **Certificates of Deposit 5.4%** | **Certificates of Deposit 5.4%** | **Certificates of Deposit 5.4%** |
| Bank of Nova Scotia, SOFR + 0.720% (Cap N/A, Floor 0.000%) | 4.530 %(c) | &nbsp;&nbsp;08/16/23 | &nbsp;&nbsp;5000 | &nbsp;&nbsp; $5002245 |
| Citibank NA | 3.600 | &nbsp;&nbsp;02/10/23 | &nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2494370 |
| Credit Agricole Corporate & Investment Bank SA | 3.690 | &nbsp;&nbsp;12/22/22 | 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14997873 |
| MUFG Bank Ltd., SOFR + 0.560% (Cap N/A, Floor 0.000%) | 4.370(c) | &nbsp;&nbsp;02/02/23 | 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15003586 |
| Natixis SA, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;SOFR + 0.500% | 4.310(c) | &nbsp;&nbsp;12/01/22 | 22500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22500279 |
| &nbsp;&nbsp;&nbsp;&nbsp;SOFR + 0.500% | 4.310(c) | &nbsp;&nbsp;02/01/23 | 12000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12004987 |
| Natixis SA | 5.000 | &nbsp;&nbsp;09/27/23 | 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14932380 |
| Nordea Bank Abp, SOFR + 0.540% | 4.350(c) | &nbsp;&nbsp;05/26/23 | 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15001376 |
| Skandinaviska Enskilda Banken AB, SOFR + 0.730% | 4.540(c) | &nbsp;&nbsp;03/17/23 | 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15011360 |
| Standard Chartered Bank, SOFR + 0.420% | 4.230(c) | &nbsp;&nbsp;07/28/23 | 13000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12974537 |
| State Street Bank & Trust Co. | 4.300 | &nbsp;&nbsp;03/27/23 | &nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4992996 |
| State Street Bank & Trust Co., SOFR + 0.300% | 4.100(c) | &nbsp;&nbsp;03/27/23 | &nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4995161 |
| Svenska Handelsbanken, SOFR + 0.700% | 4.510(c) | &nbsp;&nbsp;03/15/23 | 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25016918 |
| Toronto-Dominion Bank (The) | 4.800 | &nbsp;&nbsp;09/22/23 | 12500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12423234 |
| **Total Certificates of Deposit<br> (cost $177,497,430)** | **Total Certificates of Deposit<br> (cost $177,497,430)** | **Total Certificates of Deposit<br> (cost $177,497,430)** | **Total Certificates of Deposit<br> (cost $177,497,430)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177351302 |
| **Commercial Paper 24.7%** | **Commercial Paper 24.7%** | **Commercial Paper 24.7%** | **Commercial Paper 24.7%** | **Commercial Paper 24.7%** |
| Alimentation Couche-Tard, Inc.,<br> 144A | 4.267(n) | &nbsp;&nbsp;12/05/22 | 30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29982463 |
| Archer Daniels Midland Co.,<br> 144A | 3.862(n) | &nbsp;&nbsp;12/06/22 | 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24984087 |
| Australia & New Zealand Banking Group Ltd.,<br> 144A, SOFR + 0.610% | 4.420(c) | &nbsp;&nbsp;09/28/23 | 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24972584 |
| Banco Santander SA,<br> 144A | 3.291(n) | &nbsp;&nbsp;12/01/22 | 13000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12998623 |
| Bank of America Securities, Inc.,<br> 144A, SOFR + 0.850% | 4.330(c) | &nbsp;&nbsp;10/18/23 | 14500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14510094 |
| Bank of Montreal,<br> 144A, SOFR + 0.700% | 4.510(c) | &nbsp;&nbsp;05/02/23 | &nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5004263 |
| BNP Paribas SA, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;144A, SOFR + 0.420% | 4.230(c) | &nbsp;&nbsp;12/07/22 | 20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20001320 |
| &nbsp;&nbsp;&nbsp;&nbsp;144A, SOFR + 0.510% | 4.320(c) | &nbsp;&nbsp;12/14/22 | 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15002332 |
| BP Capital Markets PLC,<br> 144A | 5.037(n) | &nbsp;&nbsp;02/22/23 | 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24698883 |
| CDP Financial, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;144A | 3.560(n) | &nbsp;&nbsp;12/15/22 | &nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4991860 |
| &nbsp;&nbsp;&nbsp;&nbsp;144A, SOFR + 0.750% | 4.550(c) | &nbsp;&nbsp;07/25/23 | 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15004924 |

---

------

### PGIM Ultra Short Bond ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2022

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Commercial Paper (Continued)** | **Commercial Paper (Continued)** | **Commercial Paper (Continued)** | **Commercial Paper (Continued)** | **Commercial Paper (Continued)** |
| CDP Financial, Inc., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;144A, SOFR + 0.800% | 4.600 %(c) | &nbsp;&nbsp;11/01/23 | &nbsp;&nbsp;5000 | &nbsp;&nbsp; $5001685 |
| Citigroup Global Markets, Inc.,<br> 144A, SOFR + 0.650% | 4.450(c) | &nbsp;&nbsp;09/20/23 | 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14977876 |
| Consolidated Edison, Inc.,<br> 144A | 4.154(n) | &nbsp;&nbsp;12/01/22 | 23404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23401332 |
| Enbridge, Inc.,<br> 144A | 4.524(n) | &nbsp;&nbsp;12/15/22 | 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24954292 |
| Enel Finance America LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;144A | 4.873(n) | &nbsp;&nbsp;12/15/22 | 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24954260 |
| &nbsp;&nbsp;&nbsp;&nbsp;144A | 5.869(n) | &nbsp;&nbsp;02/03/23 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9903547 |
| ERAC USA Finance Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;144A | 4.413(n) | &nbsp;&nbsp;12/09/22 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9989607 |
| &nbsp;&nbsp;&nbsp;&nbsp;144A | 4.413(n) | &nbsp;&nbsp;12/15/22 | 20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19964683 |
| Federation des Caisses Desjardins du Quebec,<br> 144A | 3.620(n) | &nbsp;&nbsp;12/13/22 | &nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4992926 |
| Fortive Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;144A | 4.416(n) | &nbsp;&nbsp;12/09/22 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9989608 |
| &nbsp;&nbsp;&nbsp;&nbsp;144A | 4.417(n) | &nbsp;&nbsp;12/15/22 | 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14973513 |
| Glencore Funding LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;144A | 4.155(n) | &nbsp;&nbsp;12/07/22 | &nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4995946 |
| &nbsp;&nbsp;&nbsp;&nbsp;144A | 4.541(n) | &nbsp;&nbsp;12/16/22 | 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24952300 |
| HCP, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;144A | 4.361(n) | &nbsp;&nbsp;12/06/22 | 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14989615 |
| &nbsp;&nbsp;&nbsp;&nbsp;144A | 4.540(n) | &nbsp;&nbsp;12/14/22 | 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14975179 |
| Hitachi America Capital Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;144A | 4.203(n) | &nbsp;&nbsp;12/05/22 | 30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29982796 |
| &nbsp;&nbsp;&nbsp;&nbsp;144A | 4.207(n) | &nbsp;&nbsp;12/07/22 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9991950 |
| Ingredion, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;144A | 4.222(n) | &nbsp;&nbsp;12/07/22 | 17000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16986315 |
| &nbsp;&nbsp;&nbsp;&nbsp;144A | 4.277(n) | &nbsp;&nbsp;12/01/22 | 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24997148 |
| Mitsubishi Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;144A | 3.918(n) | &nbsp;&nbsp;12/06/22 | &nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2998076 |
| &nbsp;&nbsp;&nbsp;&nbsp;144A | 3.944(n) | &nbsp;&nbsp;12/16/22 | 20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19964907 |
| &nbsp;&nbsp;&nbsp;&nbsp;144A | 4.011(n) | &nbsp;&nbsp;12/15/22 | &nbsp;&nbsp;8000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7986877 |
| Ontario Teachers' Finance Trust,<br> 144A | 3.151(n) | &nbsp;&nbsp;01/12/23 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9950347 |
| Pacific Life Insurance Company,<br> 144A | 3.812(n) | &nbsp;&nbsp;12/05/22 | 20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19989378 |
| Province of Alberta,<br> 144A | 4.355(n) | &nbsp;&nbsp;02/03/23 | 24000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23814750 |

---

------

### PGIM Ultra Short Bond ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2022

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Commercial Paper (Continued)** | **Commercial Paper (Continued)** | **Commercial Paper (Continued)** | **Commercial Paper (Continued)** | **Commercial Paper (Continued)** |
| Public Service Enterprise Group, Inc.,<br> 144A | 4.154 %(n) | &nbsp;&nbsp;12/01/22 | 20000 | &nbsp;&nbsp; $19997720 |
| Realty Income Corp.,<br> 144A | 4.270(n) | &nbsp;&nbsp;12/08/22 | 29000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28973301 |
| Republic Services, Inc.,<br> 144A | 4.365(n) | &nbsp;&nbsp;12/15/22 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9982329 |
| Sempra Energy,<br> 144A | 4.151(n) | &nbsp;&nbsp;12/01/22 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9998860 |
| Sonoco Products Co. | 4.100(n) | &nbsp;&nbsp;12/01/22 | 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24997150 |
| ST Engineering North America, Inc.,<br> 144A | 3.893(n) | &nbsp;&nbsp;12/07/22 | 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14988888 |
| Swedbank AB, SOFR + 0.670% | 4.480(c) | &nbsp;&nbsp;06/30/23 | 20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20004525 |
| TransCanada PipeLines Ltd.,<br> 144A | 4.433(n) | &nbsp;&nbsp;12/15/22 | 20250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20214242 |
| UDR, Inc.,<br> 144A | 4.375(n) | &nbsp;&nbsp;12/02/22 | 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14996576 |
| Ventas Realty LP, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;144A | 4.260(n) | &nbsp;&nbsp;12/08/22 | &nbsp;&nbsp;8500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8492155 |
| &nbsp;&nbsp;&nbsp;&nbsp;144A | 4.261(n) | &nbsp;&nbsp;12/12/22 | 22000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21969178 |
| Virginia Electric & Power Co. | 4.317(n) | &nbsp;&nbsp;12/19/22 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9978572 |
| Westpac Banking Corp.,<br> 144A, SOFR + 0.650% | 4.460(c) | &nbsp;&nbsp;04/28/23 | 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25013287 |
| **Total Commercial Paper<br> (cost $811,451,993)** | **Total Commercial Paper<br> (cost $811,451,993)** | **Total Commercial Paper<br> (cost $811,451,993)** | **Total Commercial Paper<br> (cost $811,451,993)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;811437129 |

---

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**Shares** |  |
| **Unaffiliated Fund 3.4%** |  |  |
| Dreyfus Government Cash Management (Institutional Shares)<br> (cost $111,652,155) | 111652155 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111652155 |
| **Total Short-Term Investments<br> (cost $1,114,352,631)** | **Total Short-Term Investments<br> (cost $1,114,352,631)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1114194284 |
| **TOTAL INVESTMENTS 101.1%<br> (cost $3,367,914,743)** | **TOTAL INVESTMENTS 101.1%<br> (cost $3,367,914,743)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3318750818 |
| Liabilities in excess of other assets(z) (1.1)% | Liabilities in excess of other assets(z) (1.1)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(37478592) |
| **Net Assets 100.0%** | **Net Assets 100.0%** | $3281272226 |

---

------

### PGIM Ultra Short Bond ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2022

------

Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:

---

| |
|:---|
| 144A—Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, pursuant to the requirements of Rule 144A, may not be resold except to qualified institutional buyers. |
| A—Annual payment frequency for swaps |
| BSBY—Bloomberg Short-Term Bank Yield Index |
| CLO—Collateralized Loan Obligation |
| GMTN—Global Medium Term Note |
| LIBOR—London Interbank Offered Rate |
| LP—Limited Partnership |
| MTN—Medium Term Note |
| Q—Quarterly payment frequency for swaps |
| REITs—Real Estate Investment Trust |
| S—Semiannual payment frequency for swaps |
| SOFR—Secured Overnight Financing Rate |
| USOIS—United States Overnight Index Swap |

---

# Principal or notional amount is shown in U.S. dollars unless otherwise stated.

(a) All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $11,521,628; cash collateral of $13,687,224 (included in liabilities) was received with which the Fund purchased highly liquid short-term investments. In the event of significant appreciation in value of securities on loan on the last business day of the reporting period, the Fund may reflect a collateral value that is less than the market value of the loaned securities and such shortfall is remedied the following business day.

(b) Represents security, or portion thereof, purchased with cash collateral received for securities on loan and includes dividend reinvestment.

(c) Variable rate instrument. The interest rate shown reflects the rate in effect at November 30, 2022.

(cc) Variable rate instrument. The rate shown is based on the latest available information as of November 30, 2022. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description.

(ff) Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end.

(n) Rate shown reflects yield to maturity at purchased date.

(we) PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Institutional Money Market Fund.

(z) Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Futures contracts outstanding at November 30, 2022:** | **Futures contracts outstanding at November 30, 2022:** | **Futures contracts outstanding at November 30, 2022:** | **Futures contracts outstanding at November 30, 2022:** | **Futures contracts outstanding at November 30, 2022:** |
| **Number<br> of<br> Contracts** | **Type** | **Expiration<br> Date** | **Current<br> Notional<br> Amount** | **Value /<br> Unrealized<br> Appreciation<br> (Depreciation)** |
| **Short Positions:** | **Short Positions:** | **Short Positions:** | **Short Positions:** | **Short Positions:** |
| 22 | 3 Month SOFR | Dec. 2022 | $5308875 | &nbsp;&nbsp;&nbsp;&nbsp; $(640) |
| 46 | 3 Month SOFR | Mar. 2023 | &nbsp;&nbsp;&nbsp;10977900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7309) |
| 46 | 3 Month SOFR | Jun. 2023 | &nbsp;&nbsp;&nbsp;10934775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7047) |
| 46 | 3 Month SOFR | Sep. 2023 | &nbsp;&nbsp;&nbsp;10934775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6859) |
| 46 | 3 Month SOFR | Dec. 2023 | &nbsp;&nbsp;&nbsp;10954900 | &nbsp;&nbsp;&nbsp;&nbsp;(11359) |
| 34 | 3 Month SOFR | Mar. 2024 | &nbsp;&nbsp;&nbsp;&nbsp;8124300 | &nbsp;&nbsp;&nbsp;&nbsp;(10937) |

---

------

### PGIM Ultra Short Bond ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2022

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Futures contracts outstanding at November 30, 2022 (continued):** | **Futures contracts outstanding at November 30, 2022 (continued):** | **Futures contracts outstanding at November 30, 2022 (continued):** | **Futures contracts outstanding at November 30, 2022 (continued):** | **Futures contracts outstanding at November 30, 2022 (continued):** |
| **Number<br> of<br> Contracts** | **Type** | **Expiration<br> Date** | **Current<br> Notional<br> Amount** | **Value /<br> Unrealized<br> Appreciation<br> (Depreciation)** |
| **Short Positions (cont'd):** | **Short Positions (cont'd):** | **Short Positions (cont'd):** | **Short Positions (cont'd):** | **Short Positions (cont'd):** |
| 24 | 3 Month SOFR | Jun. 2024 | $5760000 | $(15994) |
| 24 | 3 Month SOFR | Sep. 2024 | &nbsp;&nbsp;&nbsp;&nbsp;5783100 | &nbsp;&nbsp;&nbsp;&nbsp;(23982) |
| 24 | 3 Month SOFR | Dec. 2024 | &nbsp;&nbsp;&nbsp;&nbsp;5799600 | &nbsp;&nbsp;&nbsp;&nbsp;(29957) |
| 16 | 3 Month SOFR | Mar. 2025 | &nbsp;&nbsp;&nbsp;&nbsp;3873200 | &nbsp;&nbsp;&nbsp;&nbsp;(19029) |
| 16 | 3 Month SOFR | Jun. 2025 | &nbsp;&nbsp;&nbsp;&nbsp;3876600 | &nbsp;&nbsp;&nbsp;&nbsp;(18179) |
| 16 | 3 Month SOFR | Sep. 2025 | &nbsp;&nbsp;&nbsp;&nbsp;3878400 | &nbsp;&nbsp;&nbsp;&nbsp;(17017) |
| 16 | 3 Month SOFR | Dec. 2025 | &nbsp;&nbsp;&nbsp;&nbsp;3879600 | &nbsp;&nbsp;&nbsp;&nbsp;(16454) |
| 18 | 2 Year U.S. Treasury Notes | Mar. 2023 | &nbsp;&nbsp;&nbsp;&nbsp;3696469 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9865) |
|  |  |  |  | $(194628) |

---

#### Interest rate swap agreements outstanding at November 30, 2022 :

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Notional<br> Amount<br> (000)#** | &nbsp;&nbsp;&nbsp;**Termination<br> Date** | &nbsp;&nbsp;&nbsp;**Fixed<br> Rate** | &nbsp;&nbsp;&nbsp;**Floating<br> Rate** | &nbsp;&nbsp;&nbsp;**Value at<br> Trade Date** | &nbsp;&nbsp;&nbsp;**Value at<br> November 30,<br> 2022** | &nbsp;&nbsp;&nbsp;**Unrealized<br> Appreciation<br> (Depreciation)** |
| **Centrally Cleared Interest Rate Swap Agreements:** | **Centrally Cleared Interest Rate Swap Agreements:** | **Centrally Cleared Interest Rate Swap Agreements:** | **Centrally Cleared Interest Rate Swap Agreements:** | **Centrally Cleared Interest Rate Swap Agreements:** | **Centrally Cleared Interest Rate Swap Agreements:** | **Centrally Cleared Interest Rate Swap Agreements:** |
| 2000 | &nbsp;&nbsp;12/10/22 | &nbsp;&nbsp;0.362%(S) | &nbsp;&nbsp;1 Day USOIS(1)(A)/ 3.830% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $22655 | &nbsp;&nbsp;&nbsp;&nbsp; $22655 |
| 7000 | &nbsp;&nbsp;01/14/23 | &nbsp;&nbsp;(0.006)%(S) | &nbsp;&nbsp;1 Day USOIS(1)(A)/ 3.830% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134472 |
| 25000 | &nbsp;&nbsp;01/30/23 | &nbsp;&nbsp;1.467%(S) | &nbsp;&nbsp;3 Month LIBOR(1)(Q)/ 4.779% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1388) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106358 |
| 5000 | &nbsp;&nbsp;04/13/23 | &nbsp;&nbsp;(0.013)%(S) | &nbsp;&nbsp;1 Day USOIS(1)(A)/ 3.830% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152407 |
| 8560 | &nbsp;&nbsp;05/11/23 | &nbsp;&nbsp;2.250%(S) | &nbsp;&nbsp;1 Day USOIS(1)(A)/ 3.830% | &nbsp;&nbsp;&nbsp;&nbsp;(93699) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;187150 |
| 18000 | &nbsp;&nbsp;06/07/23 | &nbsp;&nbsp;0.148%(S) | &nbsp;&nbsp;1 Day USOIS(1)(A)/ 3.830% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;626945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;626896 |
| 75000 | &nbsp;&nbsp;07/26/23 | &nbsp;&nbsp;0.192%(S) | &nbsp;&nbsp;1 Day USOIS(1)(A)/ 3.830% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103 | &nbsp;&nbsp;&nbsp;&nbsp;2923005 | &nbsp;&nbsp;&nbsp;&nbsp;2922902 |
| 11000 | &nbsp;&nbsp;09/06/23 | &nbsp;&nbsp;2.114%(S) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250857 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250763 |
| 4000 | &nbsp;&nbsp;09/11/23 | &nbsp;&nbsp;1.423%(S) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119598 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119516 |
| 42500 | &nbsp;&nbsp;09/23/23 | &nbsp;&nbsp;4.220%(A) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128325 |
| 8000 | &nbsp;&nbsp;10/01/23 | &nbsp;&nbsp;0.251%(S) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;340946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;340876 |
| 30000 | &nbsp;&nbsp;11/09/23 | &nbsp;&nbsp;4.210%(A) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143111 |

---

------

### PGIM Ultra Short Bond ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2022

#### Interest rate swap agreements outstanding at November 30, 2022 (continued):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Notional<br> Amount<br> (000)#** | &nbsp;&nbsp;&nbsp;**Termination<br> Date** | &nbsp;&nbsp;&nbsp;**Fixed<br> Rate** | &nbsp;&nbsp;&nbsp;**Floating<br> Rate** | &nbsp;&nbsp;&nbsp;**Value at<br> Trade Date** | &nbsp;&nbsp;&nbsp;**Value at<br> November 30,<br> 2022** | &nbsp;&nbsp;&nbsp;**Unrealized<br> Appreciation<br> (Depreciation)** |
| **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** |
| 10000 | &nbsp;&nbsp;12/01/23 | &nbsp;&nbsp;2.634%(S) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $109 | &nbsp;&nbsp;&nbsp;&nbsp; $188644 | &nbsp;&nbsp;&nbsp;&nbsp; $188535 |
| 5000 | &nbsp;&nbsp;12/07/23 | &nbsp;&nbsp;0.221%(S) | &nbsp;&nbsp;1 Day USOIS(1)(A)/ 3.830% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;285513 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;285448 |
| 7000 | &nbsp;&nbsp;01/03/24 | &nbsp;&nbsp;4.276%(A) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31084 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28405 |
| 8750 | &nbsp;&nbsp;02/04/24 | &nbsp;&nbsp;0.133%(S) | &nbsp;&nbsp;1 Day USOIS(1)(A)/ 3.830% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;576485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;572462 |
| 19500 | &nbsp;&nbsp;03/01/24 | &nbsp;&nbsp;0.230%(S) | &nbsp;&nbsp;1 Day USOIS(1)(A)/ 3.830% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10077 | &nbsp;&nbsp;&nbsp;&nbsp;1302089 | &nbsp;&nbsp;&nbsp;&nbsp;1292012 |
| 28500 | &nbsp;&nbsp;03/01/24 | &nbsp;&nbsp;2.478%(S) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;777027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;776876 |
| 46000 | &nbsp;&nbsp;03/09/24 | &nbsp;&nbsp;1.440%(S) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20495 | &nbsp;&nbsp;&nbsp;&nbsp;2007429 | &nbsp;&nbsp;&nbsp;&nbsp;1986934 |
| 8000 | &nbsp;&nbsp;03/15/24 | &nbsp;&nbsp;0.276%(S) | &nbsp;&nbsp;1 Day USOIS(1)(A)/ 3.830% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;536181 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;536109 |
| 23000 | &nbsp;&nbsp;03/15/24 | &nbsp;&nbsp;1.658%(S) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;918072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;917943 |
| 7000 | &nbsp;&nbsp;03/18/24 | &nbsp;&nbsp;0.278%(S) | &nbsp;&nbsp;1 Day USOIS(1)(A)/ 3.830% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;464039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;463967 |
| 12500 | &nbsp;&nbsp;03/25/24 | &nbsp;&nbsp;2.055%(S) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;415718 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;415601 |
| 68000 | &nbsp;&nbsp;03/31/24 | &nbsp;&nbsp;2.305%(S) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;177852 | &nbsp;&nbsp;&nbsp;&nbsp;1966893 | &nbsp;&nbsp;&nbsp;&nbsp;1789041 |
| 3000 | &nbsp;&nbsp;04/26/24 | &nbsp;&nbsp;0.305%(S) | &nbsp;&nbsp;1 Day USOIS(1)(A)/ 3.830% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;212033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;211960 |
| 13000 | &nbsp;&nbsp;04/26/24 | &nbsp;&nbsp;4.637%(A) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(126) |
| 11250 | &nbsp;&nbsp;05/11/24 | &nbsp;&nbsp;0.300%(S) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(839) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;811912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;812751 |
| 15000 | &nbsp;&nbsp;05/11/24 | &nbsp;&nbsp;2.603%(S) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;(10136) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;411128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;421264 |
| 16750 | &nbsp;&nbsp;05/20/24 | &nbsp;&nbsp;0.296%(S) | &nbsp;&nbsp;1 Day USOIS(1)(A)/ 3.830% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92 | &nbsp;&nbsp;&nbsp;&nbsp;1227286 | &nbsp;&nbsp;&nbsp;&nbsp;1227194 |
| 10900 | &nbsp;&nbsp;06/07/24 | &nbsp;&nbsp;0.318%(S) | &nbsp;&nbsp;1 Day USOIS(1)(A)/ 3.830% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;809572 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;809484 |
| 12750 | &nbsp;&nbsp;06/16/24 | &nbsp;&nbsp;0.304%(S) | &nbsp;&nbsp;1 Day USOIS(1)(A)/ 3.830% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;960029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;959937 |
| 15000 | &nbsp;&nbsp;08/05/24 | &nbsp;&nbsp;0.261%(S) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103 | &nbsp;&nbsp;&nbsp;&nbsp;1170745 | &nbsp;&nbsp;&nbsp;&nbsp;1170642 |

---

------

### PGIM Ultra Short Bond ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2022

#### Interest rate swap agreements outstanding at November 30, 2022 (continued):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Notional<br> Amount<br> (000)#** | &nbsp;&nbsp;&nbsp;**Termination<br> Date** | &nbsp;&nbsp;&nbsp;**Fixed<br> Rate** | &nbsp;&nbsp;&nbsp;**Floating<br> Rate** | &nbsp;&nbsp;&nbsp;**Value at<br> Trade Date** | &nbsp;&nbsp;&nbsp;**Value at<br> November 30,<br> 2022** | &nbsp;&nbsp;&nbsp;**Unrealized<br> Appreciation<br> (Depreciation)** |
| **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** |
| 29000 | &nbsp;&nbsp;08/08/24 | &nbsp;&nbsp;2.512%(S) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp; $144703 | &nbsp;&nbsp; $1011718 | &nbsp;&nbsp;&nbsp;&nbsp; $867015 |
| 3000 | &nbsp;&nbsp;08/13/24 | &nbsp;&nbsp;0.368%(S) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228573 |
| 5000 | &nbsp;&nbsp;08/17/24 | &nbsp;&nbsp;4.498%(A) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3251 |
| 8000 | &nbsp;&nbsp;08/31/24 | &nbsp;&nbsp;0.399%(S) | &nbsp;&nbsp;1 Day USOIS(1)(A)/ 3.830% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;610246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;610153 |
| 12500 | &nbsp;&nbsp;09/01/24 | &nbsp;&nbsp;2.500%(S) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3355 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;448607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;445252 |
| 6750 | &nbsp;&nbsp;09/08/24 | &nbsp;&nbsp;3.602%(A) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101017 |
| 4500 | &nbsp;&nbsp;09/09/24 | &nbsp;&nbsp;0.368%(S) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346200 |
| 46500 | &nbsp;&nbsp;09/09/24 | &nbsp;&nbsp;1.484%(S) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53081 | &nbsp;&nbsp;&nbsp;&nbsp;2583366 | &nbsp;&nbsp;&nbsp;&nbsp;2530285 |
| 9750 | &nbsp;&nbsp;10/12/24 | &nbsp;&nbsp;0.511%(S) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;727908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;727801 |
| 12000 | &nbsp;&nbsp;03/21/25 | &nbsp;&nbsp;1.998%(S) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;577845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;577710 |
| 83500 | &nbsp;&nbsp;03/30/25 | &nbsp;&nbsp;2.418%(S) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;310537 | &nbsp;&nbsp;&nbsp;&nbsp;3074618 | &nbsp;&nbsp;&nbsp;&nbsp;2764081 |
| 24500 | &nbsp;&nbsp;04/24/25 | &nbsp;&nbsp;4.557%(A) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;(115322) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(223290) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(107968) |
| 16000 | &nbsp;&nbsp;05/11/25 | &nbsp;&nbsp;0.450%(S) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12574 | &nbsp;&nbsp;&nbsp;&nbsp;1537560 | &nbsp;&nbsp;&nbsp;&nbsp;1524986 |
| 18750 | &nbsp;&nbsp;06/29/25 | &nbsp;&nbsp;3.083%(S) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;443689 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;443689 |
| 57000 | &nbsp;&nbsp;06/29/25 | &nbsp;&nbsp;3.086%(S) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;(464801) | &nbsp;&nbsp;&nbsp;&nbsp;1346342 | &nbsp;&nbsp;&nbsp;&nbsp;1811143 |
| 53250 | &nbsp;&nbsp;08/17/25 | &nbsp;&nbsp;2.957%(S) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;105605 | &nbsp;&nbsp;&nbsp;&nbsp;1531841 | &nbsp;&nbsp;&nbsp;&nbsp;1426236 |
| 95500 | &nbsp;&nbsp;09/08/25 | &nbsp;&nbsp;3.422%(A) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;488804 | &nbsp;&nbsp;&nbsp;&nbsp;1525087 | &nbsp;&nbsp;&nbsp;&nbsp;1036283 |
| 14000 | &nbsp;&nbsp;10/07/25 | &nbsp;&nbsp;3.955%(A) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3539 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9863 |
| 22750 | &nbsp;&nbsp;10/21/25 | &nbsp;&nbsp;4.378%(A) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;(16044) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(250753) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(234709) |

---

------

### PGIM Ultra Short Bond ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2022

#### Interest rate swap agreements outstanding at November 30, 2022 (continued):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Notional<br> Amount<br> (000)#** | &nbsp;&nbsp;&nbsp;**Termination<br> Date** | &nbsp;&nbsp;&nbsp;**Fixed<br> Rate** | &nbsp;&nbsp;&nbsp;**Floating<br> Rate** | &nbsp;&nbsp;&nbsp;**Value at<br> Trade Date** | &nbsp;&nbsp;&nbsp;**Value at<br> November 30,<br> 2022** | &nbsp;&nbsp;&nbsp;**Unrealized<br> Appreciation<br> (Depreciation)** |
| **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** |
| 7500 | &nbsp;&nbsp;11/09/25 | &nbsp;&nbsp;4.492%(A) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(108630) | &nbsp;&nbsp;&nbsp; $(108630) |
| 65000 | &nbsp;&nbsp;12/01/25 | &nbsp;&nbsp;4.041%(A) | &nbsp;&nbsp;1 Day SOFR(1)(A)/ 3.820% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(152143) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(167884) |
|  |  |  |  | &nbsp;&nbsp;$697528 | &nbsp;&nbsp;$35533745 | &nbsp;&nbsp;$34836217 |

---

(1) The Fund pays the fixed rate and receives the floating rate.

(2) The Fund pays the floating rate and receives the fixed rate.

*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).*

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** PGIM ETF Trust

- **b. Investment Company Act file number:** 811-23324

- **c. CIK number of Registrant:** 0001727074

- **d. LEI of Registrant:** 549300OXS91LYTDQF355

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 655 Broad Street

  - **City:** Newark

  - **State:** NJ

  - **Foreign country:** US

  - **Zip / Postal Code:** 07102-4077

  - **Telephone number:** 1-800-225-1852

**Item A.2. Information about the Series.**

- **a. Name of Series:** PGIM Ultra Short Bond ETF

- **b. EDGAR series identifier (if any):** S000061589

- **c. LEI of Series:** 549300GB8HES91GNEF23

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $3355909330.86

**Total Liabilities:** $86936150.59

**Net Assets:** $3268973180.27

**Cash Not Reported:** $18990519.88

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 11618.06922000 | **1-Year:** 115163.12678000 | **5-Year:** 118327.21844000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000199488 | 0.01%                | 0.27%                | 0.53%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-395836.62              | $-15489743.60                              |
| Month 2  | $-254238.91              | $-5225913.04                               |
| Month 3  | $-352905.07              | $10762879.80                               |

**Designated Index Information**

- **Index Name:** PGIM Ultra Short Bond ETF - ExDerivatives

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                           | Title                                                          | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NATIONAL AUSTRALIA BK/NY                       | National Australia Bank Ltd/New York                           | CUSIP: 63254ABD9<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | AU        |   7250000 | PA      | $7029002.60   | 0.22%             | 2025-06-09      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                            | SOUND POINT CLO VII-R Ltd                                      | CUSIP: 83610HAL4<br>LEI: 549300IYECLSB6ZQZB89 | Long             | ABS-CBDO         | CORP              | KY        |  10000000 | PA      | $9745040.00   | 0.30%             | 2031-10-23      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu                 | JPMBB Commercial Mortgage Securities Trust 2014-C18            | CUSIP: 46641JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4343444 | PA      | $4259577.34   | 0.13%             | 2047-02-15      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| NUCOR CORP                                     | Nucor Corp                                                     | CUSIP: 670346AX3<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7837926.24   | 0.24%             | 2025-05-23      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $2923004.87   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| MITSUBISHI CORP AMERS 0 CP 15/12/2022          | MITSUBISHI CORP AMERS 0 CP 15/12/2022                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7986876.64   | 0.24%             | 2022-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DNB BANK ASA                                   | DNB Bank ASA                                                   | CUSIP: 23341CAC7<br>LEI: 549300GKFG0RYRRQ1414 | Long             | DBT              | CORP              | NO        |  25000000 | PA      | $24993502.50  | 0.76%             | 2026-10-09      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| TICP CLO Ltd                                   | TICP CLO III-2 Ltd                                             | CUSIP: 87249FAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    777274 | PA      | $771193.69    | 0.02%             | 2028-04-20      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage                  | Citigroup Commercial Mortgage Trust 2014-GC21                  | CUSIP: 17322MAX4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    130271 | PA      | $128045.50    | 0.00%             | 2047-05-10      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE CIB SA                         | Credit Agricole Corporate & Investment Bank SA                 | CUSIP: 22533B2H7<br>LEI: 1VUV7VQFKUOQSJ21A208 | Long             | DBT              | CORP              | FR        |  11600000 | PA      | $11540106.88  | 0.35%             | 2023-01-15      | Fixed         | 0.40%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TR BK LT                       | Sumitomo Mitsui Trust Bank Ltd                                 | CUSIP: 86563VAX7<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |   7500000 | PA      | $7445066.25   | 0.23%             | 2024-09-16      | Floating      | 3.63%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                          | Palmer Square CLO 2014-1 Ltd                                   | CUSIP: 69688XAS0<br>LEI: 549300UP5H2PFBIITY41 | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1235128.75   | 0.04%             | 2031-01-17      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu                 | JPMBB Commercial Mortgage Securities Trust 2013-C12            | CUSIP: 46639NAP6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    339377 | PA      | $336012.21    | 0.01%             | 2045-07-15      | Fixed         | 3.36%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRU                 | SoFi Consumer Loan Program 2021-1 Trust                        | CUSIP: 83407CAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    975707 | PA      | $948779.41    | 0.03%             | 2030-09-25      | Fixed         | 0.49%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $146839.51    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                   | GS Mortgage Securities Trust 2014-GC22                         | CUSIP: 36253BAT0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4840285 | PA      | $4726065.41   | 0.14%             | 2047-06-10      | Fixed         | 3.59%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I                        | Metropolitan Life Global Funding I                             | CUSIP: 59217GFC8<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |  23250000 | PA      | $22766863.14  | 0.70%             | 2025-08-25      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                 | Palmer Square Loan Funding 2022-3 Ltd                          | CUSIP: 69690CAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  25000000 | PA      | $24912275.00  | 0.76%             | 2031-04-15      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                 | Enterprise Fleet Financing 2022-3 LLC                          | CUSIP: 29374FAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $779096.32    | 0.02%             | 2029-07-20      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                                    | Truist Bank                                                    | CUSIP: 89788JAD1<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |  14850000 | PA      | $14848919.66  | 0.45%             | 2024-01-17      | Floating      | 3.66%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $22655.05     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                       | New York Life Global Funding                                   | CUSIP: 64952WCN1<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |   4190000 | PA      | $4096735.33   | 0.13%             | 2024-01-17      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                      | Morgan Stanley Bank of America Merrill Lynch Trust 2014 C19    | CUSIP: 61764PBU5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5325000 | PA      | $5082525.06   | 0.16%             | 2047-12-15      | Fixed         | 3.53%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage                  | Citigroup Commercial Mortgage Trust 2016-P4                    | CUSIP: 29429EAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3634845 | PA      | $3413509.79   | 0.10%             | 2049-07-10      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage                  | Citigroup Commercial Mortgage Trust 2014-GC21                  | CUSIP: 17322MAV8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5912218 | PA      | $5753225.70   | 0.18%             | 2047-05-10      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| JMP Credit Advisors CLO Ltd                    | JMP Credit Advisors Clo IV Ltd                                 | CUSIP: 46647YAL1<br>LEI: 54930013XSXE4PJVBQ28 | Long             | ABS-CBDO         | CORP              | KY        |   8016827 | PA      | $7936330.52   | 0.24%             | 2029-07-17      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| VENTAS REALTY LP                               | VENTAS REALTY LP                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8500000 | PA      | $8492155.44   | 0.26%             | 2022-12-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                 | Carlyle Global Market Strategies CLO 2015-5 Ltd                | CUSIP: 14312JAY8<br>LEI: 5493007AYUHLOG0AMH17 | Long             | ABS-CBDO         | CORP              | KY        |  18000000 | PA      | $17577252.00  | 0.54%             | 2032-01-20      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $-250759.24   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK  | CREDIT AGRICOLE CORPORATE AND INVE                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14997873.45  | 0.46%             | 2022-12-22      | Fixed         | 3.69%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                       | Benchmark 2018-B5 Mortgage Trust                               | CUSIP: 08160BAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $788922.88    | 0.02%             | 2051-07-15      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                   | UBS Group AG                                                   | CUSIP: 902613AB4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1250000 | PA      | $1211397.00   | 0.04%             | 2024-07-30      | Fixed         | 1.01%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                              | Magnetite XVI Ltd                                              | CUSIP: 55953RAL5<br>LEI: 549300Z3WHVYABE20I45 | Long             | ABS-CBDO         | CORP              | KY        |   1822141 | PA      | $1805276.79   | 0.06%             | 2028-01-18      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                                | Venture XXIV CLO Ltd                                           | CUSIP: 92330WBJ5<br>LEI: 549300EDZDHKTKE7JV77 | Long             | ABS-CBDO         | CORP              | KY        |   8387871 | PA      | $8235807.63   | 0.25%             | 2028-10-20      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $212031.93    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $119597.32    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| STATE STREET BANK & TR                         | State Street Bank & Trust Co                                   | CUSIP: 8574P1MS2<br>LEI: 571474TGEMMWANRLN572 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4995161.40   | 0.15%             | 2023-03-27      | Floating      | 4.10%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu                 | JPMBB Commercial Mortgage Securities Trust 2014-C25            | CUSIP: 46643PBF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2350406 | PA      | $2288294.59   | 0.07%             | 2047-11-15      | Fixed         | 3.41%                 | No            |                  2 | On Loan: No      |
| OGE ENERGY CORP                                | OGE Energy Corp                                                | CUSIP: 670837AC7<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | DBT              | CORP              | US        |  22988000 | PA      | $22512157.14  | 0.69%             | 2023-05-26      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| Elevation CLO Ltd                              | Elevation CLO 2014-2 Ltd                                       | CUSIP: 28622QAB7<br>LEI: 635400HAVYYWWB139K27 | Long             | ABS-CBDO         | CORP              | KY        |   1260453 | PA      | $1244547.23   | 0.04%             | 2029-10-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMP BK COMM NY                        | Canadian Imperial Bank of Commerce/New York NY                 | CUSIP: 13606KQL3<br>LEI: 549300H8L46OOZOFHU82 | Long             | DBT              | CORP              | CA        |  15000000 | PA      | $15010023.45  | 0.46%             | 2023-12-11      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA HOUS                       | Bank of Nova Scotia/Houston                                    | CUSIP: 06417ML37<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   5000000 | PA      | $5002244.90   | 0.15%             | 2023-08-16      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| LINDE INC/CT                                   | Linde Inc/CT                                                   | CUSIP: 53522KAB9<br>LEI: ZU69GUVJQGZ6Z1UOOO79 | Long             | DBT              | CORP              | US        |  28500000 | PA      | $28603910.43  | 0.88%             | 2025-12-05      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management             | Dreyfus Government Cash Management                             | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        | 131643670 | NS      | $131643669.76 | 4.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY CO                                  | DTE Energy Co                                                  | CUSIP: 233331BD8<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |   8250000 | PA      | $8107752.02   | 0.25%             | 2024-11-01      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA PIPELINE                           | TRANSCANADA PIPELINE                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20250000 | PA      | $20214241.94  | 0.62%             | 2022-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NATIXIS NY BRANCH                              | NATIXIS NY BRANCH                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14932380.30  | 0.46%             | 2023-09-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $228661.45    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Wellfleet CLO Ltd                              | Wellfleet CLO 2016-2 Ltd                                       | CUSIP: 94949LAL4<br>LEI: 254900SGJWAIVC8ISP96 | Long             | ABS-CBDO         | CORP              | KY        |   3748014 | PA      | $3697962.85   | 0.11%             | 2028-10-20      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| SEMPRA ENERGY                                  | SEMPRA ENERGY                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9998860.00   | 0.31%             | 2022-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                   | GS Mortgage Securities Trust 2014-GC22                         | CUSIP: 36253BAV5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    254570 | PA      | $250496.05    | 0.01%             | 2047-06-10      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| VENTAS RLTY LTD PRTNSHP 4/2 0 CP 12/12/2022    | VENTAS RLTY LTD PRTNSHP 4/2 0 CP 12/12/2022                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  22000000 | PA      | $21969178.00  | 0.67%             | 2022-12-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                  | Ballyrock CLO 2020-2 Ltd                                       | CUSIP: 05875DAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  18000000 | PA      | $17689680.00  | 0.54%             | 2031-10-20      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S                 | BBCMS Mortgage Trust 2020-C7                                   | CUSIP: 05492VAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    948639 | PA      | $898259.95    | 0.03%             | 2053-04-15      | Fixed         | 1.08%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                            | COMM 2015-CCRE23 Mortgage Trust                                | CUSIP: 12593AAY1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1006956 | PA      | $979341.94    | 0.03%             | 2048-05-10      | Fixed         | 3.26%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                            | American Express Co                                            | CUSIP: 025816BS7<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9968496.40   | 0.30%             | 2023-02-27      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                           | BlueMountain CLO XXII Ltd                                      | CUSIP: 09629PAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4500000 | PA      | $4407079.50   | 0.13%             | 2031-07-15      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                            | BOFA SECURITIES INC                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14500000 | PA      | $14510093.89  | 0.44%             | 2023-10-18      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Wellfleet CLO Ltd                              | Wellfleet CLO 2017-2A Ltd                                      | CUSIP: 94951MAJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1280116 | PA      | $1261485.65   | 0.04%             | 2029-10-20      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                            | COMM 2014-CCRE17 Mortgage Trust                                | CUSIP: 12631DAZ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    193300 | PA      | $190762.01    | 0.01%             | 2047-05-10      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| INFOR INC                                      | Infor Inc                                                      | CUSIP: 45674CAB9<br>LEI: 549300Q3IIYBYI4RHD64 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1168583.90   | 0.04%             | 2023-07-15      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| HITACHI AMER CAP LTD 0 CP 07/12/2022           | HITACHI AMER CAP LTD 0 CP 07/12/2022                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9991950.00   | 0.31%             | 2022-12-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                               | Bank of Montreal                                               | CUSIP: 06368FAH2<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |  20000000 | PA      | $19880026.00  | 0.61%             | 2024-03-08      | Floating      | 3.84%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $2583353.72   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $152428.56    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                           | Mercedes-Benz Finance North America LLC                        | CUSIP: 58769JAB3<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |   8500000 | PA      | $8561174.08   | 0.26%             | 2025-11-26      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                      | Morgan Stanley Bank of America Merrill Lynch Trust 2015-C23    | CUSIP: 61690QAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1258666 | PA      | $1220391.55   | 0.04%             | 2050-07-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Park Avenue Institutional Advi                 | Park Avenue Institutional Advisers CLO Ltd 2018-1              | CUSIP: 70016RAL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10000000 | PA      | $9730720.00   | 0.30%             | 2031-10-20      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                            | COMM 2014-CCRE18 Mortgage Trust                                | CUSIP: 12632QAW3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8379064 | PA      | $8083788.59   | 0.25%             | 2047-07-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                            | Bank of Nova Scotia/The                                        | CUSIP: 06417XAK7<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   4750000 | PA      | $4686207.50   | 0.14%             | 2025-04-11      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| INGREDION INC 0 CP 01/12/2022                  | INGREDION INC 0 CP 01/12/2022                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24997148.50  | 0.76%             | 2022-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd                          | KKR CLO 18 Ltd                                                 | CUSIP: 48251JAL7<br>LEI: 54930088PYF0FHKY5C94 | Long             | ABS-CBDO         | CORP              | KY        |  16976378 | PA      | $16637462.01  | 0.51%             | 2030-07-18      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                               | BANK OF MONTREAL                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   5000000 | PA      | $5004262.70   | 0.15%             | 2023-05-02      | Floating      | 3.74%                 | No            |                  2 | On Loan: No      |
| CARLISLE COS INC                               | Carlisle Cos Inc                                               | CUSIP: 142339AK6<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2893779.48   | 0.09%             | 2023-09-01      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| PACCAR FINANCIAL CORP                          | PACCAR Financial Corp                                          | CUSIP: 69371RR99<br>LEI: PH3S12DWZBHHQKVYZ297 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24404030.00  | 0.75%             | 2025-08-11      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL                         | Banque Federative du Credit Mutuel SA                          | CUSIP: 06675FAW7<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |  20000000 | PA      | $19553638.00  | 0.60%             | 2025-02-04      | Floating      | 4.18%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                 | Enterprise Fleet Financing LLC                                 | CUSIP: 29375JAB0<br>LEI: RKWYUSIDZTWNAX1D9U96 | Long             | ABS-O            | CORP              | US        |  12500000 | PA      | $12097038.75  | 0.37%             | 2028-01-20      | Fixed         | 3.03%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                 | Morgan Stanley Capital I Trust 2018-H3                         | CUSIP: 61767YAV2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    490602 | PA      | $485341.47    | 0.01%             | 2051-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd                         | Canyon Capital CLO 2017-1 Ltd                                  | CUSIP: 13876GAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  14918914 | PA      | $14720163.86  | 0.45%             | 2030-07-15      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| NORDEA BANK ABP                                | Nordea Bank Abp                                                | CUSIP: 65559CAC5<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   9500000 | PA      | $8884761.95   | 0.27%             | 2024-05-24      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                               | TRINITAS CLO IV LTD                                            | CUSIP: 89640XBK1<br>LEI: 635400UFTIJ9NEWTCB16 | Long             | ABS-CBDO         | CORP              | KY        |  12000000 | PA      | $11745300.00  | 0.36%             | 2031-10-18      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| Wellfleet CLO Ltd                              | Wellfleet Clo 2019-1 Ltd                                       | CUSIP: 94950NAN2<br>LEI: 254900IGQ7EODCWHCM84 | Long             | ABS-CBDO         | CORP              | KY        |  20000000 | PA      | $19418520.00  | 0.59%             | 2032-07-20      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| MidOcean Credit CLO                            | Midocean Credit CLO IX                                         | CUSIP: 59802MAA5<br>LEI: 549300XXQYQPW7OQNX23 | Long             | ABS-CBDO         | CORP              | KY        |   5250000 | PA      | $5096091.00   | 0.16%             | 2031-07-20      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                            | COMM 2015-LC19 Mortgage Trust                                  | CUSIP: 200474BB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  17197435 | PA      | $16445702.36  | 0.50%             | 2048-02-10      | Fixed         | 2.92%                 | No            |                  2 | On Loan: No      |
| MUFG BANK LTD/NY                               | MUFG Bank Ltd/New York NY                                      | CUSIP: 55380UCP0<br>LEI: C3GTMMZIHMY46P4OIX74 | Long             | DBT              | CORP              | JP        |  15000000 | PA      | $15003585.45  | 0.46%             | 2023-02-02      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                       | Corebridge Financial Inc                                       | CUSIP: 21871XAA7<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7662187.76   | 0.23%             | 2025-04-04      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PACIFIC LIFE INSURANCE CO                      | PACIFIC LIFE INSURANCE CO                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19989377.80  | 0.61%             | 2022-12-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $1537555.54   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| PACIFIC LIFE GF II                             | Pacific Life Global Funding II                                 | CUSIP: 6944PL2C2<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |   4750000 | PA      | $4581893.75   | 0.14%             | 2023-09-23      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                      | Boeing Co/The                                                  | CUSIP: 097023DD4<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9933757.40   | 0.30%             | 2023-02-04      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus                 | CSAIL 2016-C5 Commercial Mortgage Trust                        | CUSIP: 12636LAZ3<br>LEI: 549300FU8TZDHFLQZL50 | Long             | ABS-MBS          | CORP              | US        |   2442361 | PA      | $2359389.94   | 0.07%             | 2048-11-15      | Fixed         | 3.53%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                      | Morgan Stanley Bank of America Merrill Lynch Trust 2014-C16    | CUSIP: 61763MAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  22604423 | PA      | $21975016.55  | 0.67%             | 2047-06-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                        | American Electric Power Co Inc                                 | CUSIP: 025537AS0<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2985268.11   | 0.09%             | 2023-11-01      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| NORDEA BANK ABP                                | Nordea Bank Abp                                                | CUSIP: 65558RAC3<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |  10500000 | PA      | $10413817.05  | 0.32%             | 2025-09-22      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| SOUTHERN CAL EDISON                            | Southern California Edison Co                                  | CUSIP: 842400GL1<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |  13475000 | PA      | $13333366.70  | 0.41%             | 2023-06-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                        | Nationwide Building Society                                    | CUSIP: 63859UBG7<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |   9750000 | PA      | $9224399.93   | 0.28%             | 2024-01-22      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                   | Voya CLO 2013-2 Ltd                                            | CUSIP: 92916WAA7<br>LEI: 5493007ASGBOUR3XJY69 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $3932360.00   | 0.12%             | 2031-04-25      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                         | American Honda Finance Corp                                    | CUSIP: 02665WDY4<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4208753.52   | 0.13%             | 2024-08-09      | Fixed         | 0.75%                 | No            |                  2 | On Loan: —       |
| Donlen Fleet Lease Funding                     | Donlen Fleet Lease Funding 2 LLC                               | CUSIP: 257812AD9<br>LEI: 549300ZWUQETU54FDP26 | Long             | ABS-O            | CORP              | US        |   3486719 | PA      | $3359791.86   | 0.10%             | 2034-12-11      | Fixed         | 0.56%                 | No            |                  2 | On Loan: No      |
| REPUBLIC SERVICES IN                           | REPUBLIC SERVICES IN                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9982329.20   | 0.31%             | 2022-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                             | BMW US Capital LLC                                             | CUSIP: 05565EBZ7<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |  11390000 | PA      | $11312205.16  | 0.35%             | 2025-04-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $346189.54    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                            | SOUND POINT CLO XXII LTD                                       | CUSIP: 83611KAL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  13000000 | PA      | $12697035.00  | 0.39%             | 2032-01-20      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $101015.57    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LLOYDS BANK CORP MKTS/NY                       | Lloyds Bank Corporate Markets PLC/New York NY                  | CUSIP: 53947BF70<br>LEI: 213800MBWEIJDM5CU638 | Long             | DBT              | CORP              | GB        |  15000000 | PA      | $14950570.35  | 0.46%             | 2024-01-31      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                 | IRS USD                                                        | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              | CORP              | US        |         1 | NC      | $3249.28      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.               | Three-Month SOFR                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |       -24 | NC      | $-29956.42    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC SERVICE ENTERPRIS                       | Public Service Enterprise Group Inc                            | CUSIP: 744573AT3<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |  20300000 | PA      | $19461960.38  | 0.60%             | 2023-11-08      | Fixed         | 0.84%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd                          | KKR CLO 30 Ltd                                                 | CUSIP: 48250EAN5<br>LEI: 549300NB16RGUJOZXI16 | Long             | ABS-CBDO         | CORP              | KY        |  14000000 | PA      | $13696634.00  | 0.42%             | 2031-10-17      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                       | Benchmark 2018-B2 Mortgage Trust                               | CUSIP: 08161CAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    555835 | PA      | $551600.83    | 0.02%             | 2051-02-15      | Fixed         | 3.66%                 | No            |                  2 | On Loan: No      |
| OZLM Ltd                                       | OZLM VI Ltd                                                    | CUSIP: 67108LAW3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   8866825 | PA      | $8639169.68   | 0.26%             | 2031-04-17      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL CAP LLC                         | CNH Industrial Capital LLC                                     | CUSIP: 12592BAN4<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |  12500000 | PA      | $12175450.50  | 0.37%             | 2025-05-23      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage                  | Citigroup Commercial Mortgage Trust 2014-GC23                  | CUSIP: 17322VAU0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    464445 | PA      | $455888.39    | 0.01%             | 2047-07-10      | Fixed         | 3.34%                 | No            |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC                       | Thermo Fisher Scientific Inc                                   | CUSIP: 883556CQ3<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |  12435000 | PA      | $12317021.82  | 0.38%             | 2024-10-18      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| WALMART INC                                    | Walmart Inc                                                    | CUSIP: 931142EW9<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |  13750000 | PA      | $13594272.31  | 0.42%             | 2025-09-09      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN NY                       | Svenska Handelsbanken/New York NY                              | CUSIP: 86959RXZ8<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |  25000000 | PA      | $25016917.75  | 0.77%             | 2023-03-15      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| HORMEL FOODS CORP                              | Hormel Foods Corp                                              | CUSIP: 440452AG5<br>LEI: MSD54751OJP1FS2ND863 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3291845.48   | 0.10%             | 2024-06-03      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                             | REALTY INCOME CORP                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  29000000 | PA      | $28973300.57  | 0.89%             | 2022-12-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $1346326.33   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED BK/NY                       | Standard Chartered Bank/New York                               | CUSIP: 85325VW89<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | DBT              | CORP              | GB        |  13000000 | PA      | $12974536.77  | 0.40%             | 2023-07-28      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                            | COMM 2015-CCRE22 Mortgage Trust                                | CUSIP: 12592XBA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    819673 | PA      | $818565.17    | 0.03%             | 2048-03-10      | Fixed         | 3.21%                 | No            |                  2 | On Loan: No      |
| Allegro CLO Ltd                                | Allegro CLO IV Ltd                                             | CUSIP: 01749TAN0<br>LEI: 635400THLJMIHHPCEN50 | Long             | ABS-CBDO         | CORP              | KY        |   7284929 | PA      | $7200496.61   | 0.22%             | 2030-01-15      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $-141609.22   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                   | GS Mortgage Securities Trust 2014-GC24                         | CUSIP: 36253GAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  19441792 | PA      | $18738319.77  | 0.57%             | 2047-09-10      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                          | Toronto-Dominion Bank/The                                      | CUSIP: 89114TZC9<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   5200000 | PA      | $5187301.60   | 0.16%             | 2023-06-02      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $3074595.03   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| DOLLAR GENERAL CORP                            | Dollar General Corp                                            | CUSIP: 256677AJ4<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | DBT              | CORP              | US        |   6750000 | PA      | $6657555.31   | 0.20%             | 2024-09-20      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                             | BMW US Capital LLC                                             | CUSIP: 05565EBZ7<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6764184.70   | 0.21%             | 2025-04-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                            | Comm 2014-UBS2 Mortgage Trust                                  | CUSIP: 12591UAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6239173 | PA      | $6091613.18   | 0.19%             | 2047-03-10      | Fixed         | 3.69%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $626945.23    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $13398.33     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                       | Warnermedia Holdings Inc                                       | CUSIP: 55903VAA1<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7474244.33   | 0.23%             | 2024-03-15      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| 7-ELEVEN INC                                   | 7-Eleven Inc                                                   | CUSIP: 817826AB6<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2130605.55   | 0.07%             | 2024-02-10      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| PPL ELECTRIC UTI                               | PPL Electric Utilities Corp                                    | CUSIP: 69351UAY9<br>LEI: 549300GCZLSGYEYPIR35 | Long             | DBT              | CORP              | US        |  12245000 | PA      | $12079275.19  | 0.37%             | 2024-06-24      | Floating      | 3.66%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                   | GS Mortgage Securities Trust 2014-GC18                         | CUSIP: 36252RAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2430031 | PA      | $2385561.78   | 0.07%             | 2047-01-10      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| NATIONAL SECS CLEARING                         | National Securities Clearing Corp                              | CUSIP: 637639AC9<br>LEI: 549300RYC9NELN2ICA34 | Long             | DBT              | CORP              | US        |   3750000 | PA      | $3593595.90   | 0.11%             | 2023-12-07      | Fixed         | 0.40%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                 | Wells Fargo Commercial Mortgage Trust 2016-C34                 | CUSIP: 95000DBE0<br>LEI: 549300FWFHJGIW2B2U59 | Long             | ABS-MBS          | CORP              | US        |   3454827 | PA      | $3297935.32   | 0.10%             | 2049-06-15      | Fixed         | 2.91%                 | No            |                  2 | On Loan: No      |
| World Omni Automobile Lease Se                 | World Omni Automobile Lease Securitization Trust 2022-A        | CUSIP: 98163NAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3679224 | PA      | $3626637.04   | 0.11%             | 2024-10-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                            | COMM 2015-CCRE24 Mortgage Trust                                | CUSIP: 12593JBE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8523323 | PA      | $8071206.51   | 0.25%             | 2048-08-10      | Fixed         | 3.43%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                       | New York Life Global Funding                                   | CUSIP: 64952WEU3<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |  19750000 | PA      | $19101074.65  | 0.58%             | 2025-08-05      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.    | US 2YR NOTE (CBT)                                              | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -18 | NC      | $-9864.81     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| WEC ENERGY GROUP INC                           | WEC Energy Group Inc                                           | CUSIP: 92939UAC0<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14476501.80  | 0.44%             | 2023-09-15      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| ALBERTA (PROVINCE OF)                          | ALBERTA (PROVINCE OF)                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  24000000 | PA      | $23814750.00  | 0.73%             | 2023-02-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS PLC                            | NatWest Markets PLC                                            | CUSIP: 63906YAF5<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |   9000000 | PA      | $8914606.20   | 0.27%             | 2025-03-22      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $-223296.45   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                            | Bank of Nova Scotia/The                                        | CUSIP: 06417XAA9<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   7750000 | PA      | $7610864.25   | 0.23%             | 2025-01-10      | Floating      | 3.87%                 | No            |                  2 | On Loan: No      |
| NORDEA BANK ABP NEW YORK                       | Nordea Bank Abp/New York NY                                    | CUSIP: 65558UTP7<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |  15000000 | PA      | $15001375.95  | 0.46%             | 2023-05-26      | Floating      | 4.34%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                         | NextEra Energy Capital Holdings Inc                            | CUSIP: 65339KCD0<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14554309.50  | 0.45%             | 2024-03-21      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| AVERY DENNISON CORP                            | Avery Dennison Corp                                            | CUSIP: 053611AL3<br>LEI: 549300PW7VPFCYKLIV37 | Long             | DBT              | CORP              | US        |  12350000 | PA      | $11514274.14  | 0.35%             | 2024-08-15      | Fixed         | 0.85%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $250854.35    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ENTERGY LOUISIANA LLC                          | Entergy Louisiana LLC                                          | CUSIP: 29364WBF4<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |   2569000 | PA      | $2461151.30   | 0.08%             | 2023-11-17      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                           | CUSIP: 06051GJX8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14840992.80  | 0.45%             | 2024-05-28      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $918065.63    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu                 | JPMBB Commercial Mortgage Securities Trust 2013-C17            | CUSIP: 46640UAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5988000 | PA      | $5865990.31   | 0.18%             | 2047-01-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $443683.72    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ARCHER DANIELS MIDLAND                         | ARCHER DANIELS MIDLAND                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24984087.50  | 0.76%             | 2022-12-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $2007416.44   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $577842.25    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                             | BANCO SANTANDER SA                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  13000000 | PA      | $12998623.04  | 0.40%             | 2022-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $168639.16    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CDP FIN INC 0 11/23                            | CDP FIN INC 0 11/23                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5001684.90   | 0.15%             | 2023-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                           | Royal Bank of Canada                                           | CUSIP: 78016EZY6<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |  10000000 | PA      | $9825926.00   | 0.30%             | 2024-10-07      | Floating      | 3.74%                 | No            |                  2 | On Loan: No      |
| WESTLAKE CORP                                  | Westlake Corp                                                  | CUSIP: 960413AX0<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2550321.79   | 0.08%             | 2024-08-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                         | Canadian Imperial Bank of Commerce                             | CUSIP: 13607HYE6<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |  10000000 | PA      | $9819829.00   | 0.30%             | 2024-10-18      | Floating      | 3.89%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP                               | NTT Finance Corp                                               | CUSIP: 62954WAB1<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |   6500000 | PA      | $6151029.95   | 0.19%             | 2024-03-01      | Fixed         | 0.58%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.               | Three-Month SOFR                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |       -22 | NC      | $-640.26      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BMW US CAPITAL LLC                             | BMW US Capital LLC                                             | CUSIP: 05565EBN4<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3973024.00   | 0.12%             | 2024-04-01      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                            | Comm 2014-UBS2 Mortgage Trust                                  | CUSIP: 12591UAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    408494 | PA      | $402061.19    | 0.01%             | 2047-03-10      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| SWEDBANK AB                                    | SWEDBANK AB                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | SE        |  20000000 | PA      | $20004525.40  | 0.61%             | 2023-06-30      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt                 | Benefit Street Partners CLO II Ltd                             | CUSIP: 08179XAW5<br>LEI: 549300PVYNJC7QL0GC48 | Long             | ABS-CBDO         | CORP              | KY        |   2672657 | PA      | $2640171.11   | 0.08%             | 2029-07-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.               | Three-Month SOFR                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |       -16 | NC      | $-19029.28    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Zais Clo 7 llc                                 | Zais Clo 7 Ltd                                                 | CUSIP: 98887VAA1<br>LEI: 549300XFDOUEB0QTZS87 | Long             | ABS-CBDO         | CORP              | KY        |    222091 | PA      | $218680.89    | 0.01%             | 2030-04-15      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $809572.35    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| NESTLE HOLDINGS INC                            | Nestle Holdings Inc                                            | CUSIP: 641062BA1<br>LEI: 549300EAEU8YV8MQXP30 | Long             | DBT              | CORP              | US        |  16750000 | PA      | $16595994.14  | 0.51%             | 2025-09-12      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| ARI Fleet Lease Trust                          | ARI Fleet Lease Trust 2022-A                                   | CUSIP: 00217QAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2880000 | PA      | $2818455.55   | 0.09%             | 2031-01-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| FEDERATION DES CAISSES DESJARDINS              | FEDERATION DES CAISSES DESJARDINS                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4992925.85   | 0.15%             | 2022-12-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                 | Wells Fargo Commercial Mortgage Trust 2015-NXS2                | CUSIP: 94989MAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     91454 | PA      | $88210.01     | 0.00%             | 2058-07-15      | Fixed         | 3.02%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                        | Bristol-Myers Squibb Co                                        | CUSIP: 110122DT2<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9599624.40   | 0.29%             | 2023-11-13      | Fixed         | 0.54%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $610243.81    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                       | Florida Power & Light Co                                       | CUSIP: 341081GD3<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |  12000000 | PA      | $11966636.88  | 0.37%             | 2023-05-10      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor                 | JP Morgan Chase Commercial Mortgage Securities Trust 2013-LC11 | CUSIP: 46639YAQ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7287000 | PA      | $7211067.27   | 0.22%             | 2046-04-15      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| COLGATE-PALMOLIVE CO                           | Colgate-Palmolive Co                                           | CUSIP: 194162AM5<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | DBT              | CORP              | US        |   6750000 | PA      | $6562828.91   | 0.20%             | 2025-08-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu                 | JPMBB Commercial Mortgage Securities Trust 2014-C25            | CUSIP: 46643PBD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1147128 | PA      | $1096496.36   | 0.03%             | 2047-11-15      | Fixed         | 3.41%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.               | Three-Month SOFR                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |       -46 | NC      | $-7046.68     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ENEL FINANCE AMERICA LLC                       | ENEL FINANCE AMERICA LLC                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9903547.20   | 0.30%             | 2023-02-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTL HLDINGS NE                       | Mondelez International Holdings Netherlands BV                 | CUSIP: 60920LAS3<br>LEI: 549300CW356R8I7N8D33 | Long             | DBT              | CORP              | NL        |  13750000 | PA      | $13503925.88  | 0.41%             | 2025-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AIG GLOBAL FUNDING                             | AIG Global Funding                                             | CUSIP: 00138CAS7<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |  12750000 | PA      | $11913550.15  | 0.36%             | 2024-06-17      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                       | Toyota Motor Credit Corp                                       | CUSIP: 89236TKC8<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  18750000 | PA      | $18454050.38  | 0.56%             | 2025-06-30      | Fixed         | 3.95%                 | No            |                  2 | On Loan: —       |
| WEC ENERGY GROUP INC                           | WEC Energy Group Inc                                           | CUSIP: 92939UAF3<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |   7250000 | PA      | $6861898.00   | 0.21%             | 2024-03-15      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                         | Verizon Communications Inc                                     | CUSIP: 92343VGD0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6947987.83   | 0.21%             | 2024-03-22      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                 | Wells Fargo Commercial Mortgage Trust 2013-LC12                | CUSIP: 94988QAL5<br>LEI: 549300V2DF3KW9L1CV04 | Long             | ABS-MBS          | CORP              | US        |   2404307 | PA      | $2394539.51   | 0.07%             | 2046-07-15      | Variable      | 3.93%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                   | GS Mortgage Securities Corp Trust 2021-RENT                    | CUSIP: 36260XAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5369368 | PA      | $5161914.41   | 0.16%             | 2035-11-21      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                 | Wells Fargo Commercial Mortgage Trust 2015-NXS2                | CUSIP: 94989MAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10300000 | PA      | $9797227.13   | 0.30%             | 2058-07-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE NEW YORK                         | Credit Suisse AG/New York NY                                   | CUSIP: 22550UAB7<br>LEI: 549300D0YARF5HYP1809 | Long             | DBT              | CORP              | CH        |   2500000 | PA      | $2411787.00   | 0.07%             | 2024-02-02      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                           | Keurig Dr Pepper Inc                                           | CUSIP: 49271VAL4<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $23642274.75  | 0.72%             | 2024-03-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP                               | NTT Finance Corp                                               | CUSIP: 62954WAH8<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |   3000000 | PA      | $2952627.30   | 0.09%             | 2024-07-26      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LFE GLB FND II                       | Principal Life Global Funding II                               | CUSIP: 74256LEJ4<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |   7250000 | PA      | $6894613.92   | 0.21%             | 2024-01-08      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                 | Air Lease Corp                                                 | CUSIP: 00914AAN2<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19993325.20  | 0.61%             | 2022-12-15      | Floating      | 3.64%                 | No            |                  2 | On Loan: No      |
| EQUITABLE FINANCIAL LIFE                       | Equitable Financial Life Global Funding                        | CUSIP: 29449WAH0<br>LEI: 635400B4JJBON4TCHF02 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9976910.30   | 0.31%             | 2023-04-06      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| EQUITABLE FINANCIAL LIFE                       | Equitable Financial Life Global Funding                        | CUSIP: 29449WAJ6<br>LEI: 635400B4JJBON4TCHF02 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2781753.75   | 0.09%             | 2024-08-12      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $960028.99    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| FIDELITY NATL INFO SERV                        | Fidelity National Information Services Inc                     | CUSIP: 31620MBQ8<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |   5750000 | PA      | $5439755.47   | 0.17%             | 2024-03-01      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $1302088.55   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| COOPERAT RABOBANK UA/NY                        | Cooperatieve Rabobank UA/NY                                    | CUSIP: 21688AAR3<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   5500000 | PA      | $5468343.10   | 0.17%             | 2024-01-12      | Floating      | 3.73%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                            | Bank of Nova Scotia/The                                        | CUSIP: 064159VK9<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   6000000 | PA      | $5913598.20   | 0.18%             | 2023-05-01      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC                         | CenterPoint Energy Inc                                         | CUSIP: 15189TAZ0<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9846739.60   | 0.30%             | 2024-05-13      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd                          | KKR CLO 11 Ltd                                                 | CUSIP: 48250MAK3<br>LEI: 549300PJRIGYUE3V5M12 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $989746.00    | 0.03%             | 2031-01-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.               | Three-Month SOFR                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |       -46 | NC      | $-7309.18     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| GEORGIA-PACIFIC LLC                            | Georgia-Pacific LLC                                            | CUSIP: 37331NAD3<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6938291.22   | 0.21%             | 2023-07-15      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage                  | Citigroup Commercial Mortgage Trust 2014-GC23                  | CUSIP: 17322VAS5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11061881 | PA      | $10644947.66  | 0.33%             | 2047-07-10      | Fixed         | 3.36%                 | No            |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC                           | WEC Energy Group Inc                                           | CUSIP: 92939UAH9<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6030642.06   | 0.18%             | 2025-09-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL                         | Banque Federative du Credit Mutuel SA                          | CUSIP: 06675FAV9<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |   7250000 | PA      | $6845557.30   | 0.21%             | 2024-02-27      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| PROTECTIVE LIFE GLOBAL                         | Protective Life Global Funding                                 | CUSIP: 74368CAZ7<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |   4250000 | PA      | $4097097.41   | 0.13%             | 2023-10-13      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                      | Anchorage Capital CLO 7 Ltd                                    | CUSIP: 03328TBA2<br>LEI: 54930014PVHLSZJQK139 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $4941895.00   | 0.15%             | 2031-01-28      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI CORP AMERS 0 CP 16/12/2022          | MITSUBISHI CORP AMERS 0 CP 16/12/2022                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19964906.60  | 0.61%             | 2022-12-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Zais CLO 8, Limited                            | Zais CLO 8 Ltd                                                 | CUSIP: 98885GAA6<br>LEI: 549300XI7G6FVIEXZ367 | Long             | ABS-CBDO         | CORP              | KY        |    395522 | PA      | $390685.52    | 0.01%             | 2029-04-15      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                      | Morgan Stanley Bank of America Merrill Lynch Trust 2013-C9     | CUSIP: 61762DAU5<br>LEI: 549300PFVBG5704L7K74 | Long             | ABS-MBS          | CORP              | US        |     38878 | PA      | $38752.78     | 0.00%             | 2046-05-15      | Fixed         | 2.66%                 | No            |                  2 | On Loan: No      |
| FORTIVE CORP                                   | FORTIVE CORP                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9989607.50   | 0.31%             | 2022-12-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                       | Volkswagen Group of America Finance LLC                        | CUSIP: 928668BR2<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |  13250000 | PA      | $12867396.98  | 0.39%             | 2025-06-06      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $1227285.85   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                 | Amazon.com Inc                                                 | CUSIP: 023135CN4<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |  32000000 | PA      | $32120060.48  | 0.98%             | 2025-12-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                            | Gilead Sciences Inc                                            | CUSIP: 375558BW2<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2172801.87   | 0.07%             | 2023-09-29      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                 | Morgan Stanley Capital I Trust 2020-HR8                        | CUSIP: 61692BBG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1955899 | PA      | $1822643.07   | 0.06%             | 2053-07-15      | Fixed         | 0.93%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                          | Palmer Square CLO 2015-2 Ltd                                   | CUSIP: 69689CAW6<br>LEI: 549300PACXK2KP6J2T91 | Long             | ABS-CBDO         | CORP              | KY        |   1382104 | PA      | $1362064.89   | 0.04%             | 2030-07-20      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                            | COMM 2015-CCRE24 Mortgage Trust                                | CUSIP: 12593JBC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1897094 | PA      | $1852741.33   | 0.06%             | 2048-08-10      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.               | Three-Month SOFR                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |       -16 | NC      | $-18179.28    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Venture XXI CLO                                | Venture XXI CLO Ltd                                            | CUSIP: 92330MAL3<br>LEI: 5493001C8B2BF8JNTO68 | Long             | ABS-CBDO         | CORP              | KY        |     66178 | PA      | $66044.14     | 0.00%             | 2027-07-15      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                            | COMM 2013-CCRE8 Mortgage Trust                                 | CUSIP: 12625KAE5<br>LEI: 549300NGGFIEJ2ER3D22 | Long             | ABS-MBS          | CORP              | US        |   5044514 | PA      | $5004879.46   | 0.15%             | 2046-06-10      | Variable      | 3.61%                 | No            |                  2 | On Loan: No      |
| CDP FINANCIAL INC                              | CDP FINANCIAL INC                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4991860.40   | 0.15%             | 2022-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                            | SOUND POINT CLO XVII                                           | CUSIP: 83611GAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10000000 | PA      | $9815790.00   | 0.30%             | 2030-10-20      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $-108632.10   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SKANDINAVISKA ENSKILDA                         | Skandinaviska Enskilda Banken AB                               | CUSIP: 83051GAS7<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | DBT              | CORP              | SE        |  11250000 | PA      | $10389357.00  | 0.32%             | 2024-09-09      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.               | Three-Month SOFR                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |       -46 | NC      | $-11359.18    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ONTARIO TEACHER FIN TRST                       | ONTARIO TEACHER FIN TRST                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9950346.90   | 0.30%             | 2023-01-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                      | Morgan Stanley Bank of America Merrill Lynch Trust 2013-C12    | CUSIP: 61762XAS6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1103274 | PA      | $1097765.53   | 0.03%             | 2046-10-15      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| HCP Inc                                        | HCP Inc                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14989615.05  | 0.46%             | 2022-12-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mountain View CLO Ltd                          | Mountain View CLO 2013-1 Ltd                                   | CUSIP: 62431UBC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  13500000 | PA      | $13293045.00  | 0.41%             | 2030-10-12      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| PUBLIC SVC ENTERPRISE GRP INC 0 CP 01/12/2022  | PUBLIC SVC ENTERPRISE GRP INC 0 CP 01/12/2022                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19997720.00  | 0.61%             | 2022-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                            | CUSIP: 46647PCM6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $13840918.35  | 0.42%             | 2025-08-09      | Fixed         | 0.77%                 | No            |                  2 | On Loan: No      |
| BNP PAR CP FRN 12/22                           | BNP PAR CP FRN 12/22                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |  15000000 | PA      | $15002331.75  | 0.46%             | 2022-12-14      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Ocean Trails CLO                               | Ocean Trails CLO VII                                           | CUSIP: 67515WDG8<br>LEI: 549300D1D91PFKUUCT75 | Long             | ABS-CBDO         | CORP              | KY        |   4905624 | PA      | $4825790.18   | 0.15%             | 2030-04-17      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                   | CUSIP: 20030NDZ1<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   7250000 | PA      | $7374132.18   | 0.23%             | 2025-11-07      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CARGILL INC                                    | Cargill Inc                                                    | CUSIP: 141781BL7<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $977399.48    | 0.03%             | 2023-07-23      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| COCA-COLA EUROPACIFIC                          | Coca-Cola Europacific Partners PLC                             | CUSIP: 19123MAE3<br>LEI: 549300LTH67W4GWMRF57 | Long             | DBT              | CORP              | GB        |   3000000 | PA      | $2813473.80   | 0.09%             | 2024-05-03      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| GSK CONSUMER HEALTHCARE                        | GSK Consumer Healthcare Capital US LLC                         | CUSIP: 36264FAJ0<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |   6250000 | PA      | $6217961.50   | 0.19%             | 2024-03-24      | Floating      | 4.22%                 | No            |                  2 | On Loan: No      |
| STRYKER CORP                                   | Stryker Corp                                                   | CUSIP: 863667BB6<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1193982.10   | 0.04%             | 2023-12-01      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu                 | JPMBB Commercial Mortgage Securities Trust 2014-C26            | CUSIP: 46643TBA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  18124689 | PA      | $17302413.53  | 0.53%             | 2048-01-15      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA PIPELINES                          | TransCanada PipeLines Ltd                                      | CUSIP: 89352HBB4<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |   9750000 | PA      | $9037353.98   | 0.28%             | 2024-10-12      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| FORTIVE CORP 0 CP 15/12/2022                   | FORTIVE CORP 0 CP 15/12/2022                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14973512.55  | 0.46%             | 2022-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COCA-COLA EUROPACIFIC                          | Coca-Cola Europacific Partners PLC                             | CUSIP: 19123MAD5<br>LEI: 549300LTH67W4GWMRF57 | Long             | DBT              | CORP              | GB        |   5600000 | PA      | $5488716.80   | 0.17%             | 2023-05-05      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| BERKSHIRE HATHAWAY INC                         | Berkshire Hathaway Inc                                         | CUSIP: 084670BR8<br>LEI: 5493000C01ZX7D35SD85 | Long             | DBT              | CORP              | US        |   4853000 | PA      | $4826341.45   | 0.15%             | 2023-03-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                         | Verizon Communications Inc                                     | CUSIP: 92343VGF5<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7606073.60   | 0.23%             | 2024-03-22      | Fixed         | 0.75%                 | No            |                  2 | On Loan: —       |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $340944.09    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                        | John Deere Capital Corp                                        | CUSIP: 24422EVV8<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1975777.48   | 0.06%             | 2024-10-11      | Floating      | 3.54%                 | No            |                  2 | On Loan: No      |
| UBS-Barclays Commercial Mortga                 | UBS-Barclays Commercial Mortgage Trust 2013-C5                 | CUSIP: 90270YBF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    860089 | PA      | $857317.15    | 0.03%             | 2046-03-10      | Fixed         | 3.18%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $134480.30    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUTHERN NATURAL GAS                           | Southern Natural Gas Co LLC                                    | CUSIP: 84346LAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5250000 | PA      | $5128209.24   | 0.16%             | 2023-04-28      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                               | Deutsche Bank AG/New York NY                                   | CUSIP: 251526CL1<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |  20000000 | PA      | $19850810.00  | 0.61%             | 2023-11-08      | Floating      | 4.30%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                         | Philip Morris International Inc                                | CUSIP: 718172CQ0<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2955246.60   | 0.09%             | 2023-05-01      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.               | Three-Month SOFR                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |       -16 | NC      | $-16454.28    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| TORONTO DOMINION BK NY                         | TORONTO DOMINION BK NY                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12500000 | PA      | $12423233.75  | 0.38%             | 2023-09-22      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $495.21       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                 | Lowe's Cos Inc                                                 | CUSIP: 548661EK9<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9928591.90   | 0.30%             | 2025-09-08      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.               | Three-Month SOFR                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |       -24 | NC      | $-23981.42    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.               | Three-Month SOFR                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |       -46 | NC      | $-6859.18     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| COMM Mortgage Trust                            | Comm 2014-UBS2 Mortgage Trust                                  | CUSIP: 12591UAF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12500000 | PA      | $12172878.75  | 0.37%             | 2047-03-10      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| NATIONAL SECS CLEARING                         | National Securities Clearing Corp                              | CUSIP: 637639AA3<br>LEI: 549300RYC9NELN2ICA34 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2956767.09   | 0.09%             | 2023-04-23      | Fixed         | 1.20%                 | Yes           |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $448603.19    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ERAC USA FINANCE COMPANY                       | ERAC USA FINANCE COMPANY                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9989607.50   | 0.31%             | 2022-12-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                 | Enterprise Fleet Financing 2021-2 LLC                          | CUSIP: 29374YAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4561831 | PA      | $4334226.44   | 0.13%             | 2027-05-20      | Fixed         | 0.48%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED EDISON INC                        | CONSOLIDATED EDISON INC                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  23404000 | PA      | $23401331.94  | 0.72%             | 2022-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ENEL FIN AMER LLC DISC CP 4/A2 0 CP 15/12/2022 | ENEL FIN AMER LLC DISC CP 4/A2 0 CP 15/12/2022                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24954260.50  | 0.76%             | 2022-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                       | CITIGROUP GLOBAL MARKETS INC                                   | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14977875.90  | 0.46%             | 2023-09-20      | Floating      | 2.92%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                 | Wells Fargo Commercial Mortgage Trust 2015-LC22                | CUSIP: 94989TAY0<br>LEI: 549300XO83D3BDYP0P62 | Long             | ABS-MBS          | CORP              | US        |   4231411 | PA      | $4017061.70   | 0.12%             | 2058-09-15      | Fixed         | 3.57%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $727907.42    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.               | Three-Month SOFR                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |       -34 | NC      | $-10937.22    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BENCHMARK Mortgage Trust                       | Benchmark 2020-B18 Mortgage Trust                              | CUSIP: 08163AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    922675 | PA      | $869385.30    | 0.03%             | 2053-07-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                 | CUSIP: 61746BDJ2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9974048.90   | 0.31%             | 2023-02-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                   | Enbridge Inc                                                   | CUSIP: 29250NBG9<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   8000000 | PA      | $7689663.20   | 0.24%             | 2023-10-04      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| NUTRIEN LTD                                    | Nutrien Ltd                                                    | CUSIP: 67077MAV0<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |   3000000 | PA      | $2956509.60   | 0.09%             | 2023-05-13      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                       | Caterpillar Financial Services Corp                            | CUSIP: 14913R2M8<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5963232.96   | 0.18%             | 2024-05-17      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                 | CARLYLE US CLO 2017-1 Ltd                                      | CUSIP: 14314BAL1<br>LEI: 549300VZ0HS3D307K776 | Long             | ABS-CBDO         | CORP              | KY        |  13000000 | PA      | $12772981.00  | 0.39%             | 2031-04-20      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| PROTECTIVE LIFE GLOBAL                         | Protective Life Global Funding                                 | CUSIP: 74368CBA1<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9489030.30   | 0.29%             | 2024-01-12      | Fixed         | 0.47%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                 | IRS USD                                                        | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              | CORP              | US        |         1 | NC      | $31082.04     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CARGILL INC                                    | Cargill Inc                                                    | CUSIP: 141781BY9<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |  14000000 | PA      | $14019879.86  | 0.43%             | 2025-10-10      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Citibank, National Association                 | CITIBANK NA                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2494370.43   | 0.08%             | 2023-02-10      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| HCP INC                                        | HCP INC                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14975179.20  | 0.46%             | 2022-12-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                            | COMM 2014-CCRE16 Mortgage Trust                                | CUSIP: 12591VAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11527184 | PA      | $11220744.95  | 0.34%             | 2047-04-10      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| NATIXIS NY BRANCH                              | Natixis SA/New York NY                                         | CUSIP: 63873QUP7<br>LEI: 2549003L5ZG5M2ZSE107 | Long             | DBT              | CORP              | FR        |  22500000 | PA      | $22500279.23  | 0.69%             | 2022-12-01      | Floating      | 4.22%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $104969.67    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MidOcean Credit CLO                            | Midocean Credit CLO V                                          | CUSIP: 59801TAL7<br>LEI: 549300SR4K4D5ZP3EW03 | Long             | ABS-CBDO         | CORP              | KY        |   1852180 | PA      | $1834806.23   | 0.06%             | 2028-07-19      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| Ellington CLO LTD                              | Ellington CLO IV Ltd                                           | CUSIP: 28853RAL3<br>LEI: 25490064KF1PM0300Z69 | Long             | ABS-CBDO         | CORP              | KY        |   3683918 | PA      | $3654906.87   | 0.11%             | 2029-04-15      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                          | Toronto-Dominion Bank/The                                      | CUSIP: 89114QCF3<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   7138000 | PA      | $7137319.03   | 0.22%             | 2023-01-27      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                      | Morgan Stanley Bank of America Merrill Lynch Trust 2014-C15    | CUSIP: 61763KAZ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1165054 | PA      | $1154250.23   | 0.04%             | 2047-04-15      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $536178.32    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                            | COMM 2014-CCRE20 Mortgage Trust                                | CUSIP: 12592LBH4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4544528 | PA      | $4319452.02   | 0.13%             | 2047-11-10      | Fixed         | 3.33%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                       | Baxter International Inc                                       | CUSIP: 071813CE7<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9606004.70   | 0.29%             | 2023-12-01      | Fixed         | 0.87%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                       | Madison Park Funding XXXVIII Ltd                               | CUSIP: 55821KAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3500000 | PA      | $3455417.00   | 0.11%             | 2034-07-17      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                    | PepsiCo Inc                                                    | CUSIP: 713448FB9<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5302715.44   | 0.16%             | 2023-10-07      | Fixed         | 0.40%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                             | BMW US Capital LLC                                             | CUSIP: 05565EBM6<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3986798.80   | 0.12%             | 2023-04-06      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORPORATION                    | WESTPAC BANKING CORP                                           | CUSIP: 000000000<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |  25000000 | PA      | $25013287.25  | 0.77%             | 2023-04-28      | Floating      | 3.67%                 | No            |                  2 | On Loan: No      |
| FED CAISSES DESJARDINS                         | Federation des Caisses Desjardins du Quebec                    | CUSIP: 31429KAG8<br>LEI: 549300B2Q47IR0CR5B54 | Long             | DBT              | CORP              | CA        |  25000000 | PA      | $24382975.00  | 0.75%             | 2025-08-23      | Fixed         | 4.40%                 | No            |                  2 | On Loan: —       |
| COMM Mortgage Trust                            | COMM 2015-LC21 Mortgage Trust                                  | CUSIP: 12593FBD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11000000 | PA      | $10473472.90  | 0.32%             | 2048-07-10      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| NATIXIS NY BRANCH                              | Natixis SA/New York NY                                         | CUSIP: 63873QXE9<br>LEI: 2549003L5ZG5M2ZSE107 | Long             | DBT              | CORP              | FR        |  12000000 | PA      | $12004986.48  | 0.37%             | 2023-02-01      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                         | Canadian Imperial Bank of Commerce                             | CUSIP: 13607GKW3<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   6000000 | PA      | $6009288.60   | 0.18%             | 2023-03-17      | Floating      | 4.10%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                            | COMM 2013-CCRE11 Mortgage Trust                                | CUSIP: 12626LAC6<br>LEI: 549300BCCWSDWINK2593 | Long             | ABS-MBS          | CORP              | US        |    179240 | PA      | $178017.80    | 0.01%             | 2050-08-10      | Fixed         | 3.66%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $1525059.92   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| GM Financial Securitized Term                  | GM Financial Consumer Automobile Receivables Trust 2022-2      | CUSIP: 362585AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4417411 | PA      | $4358722.00   | 0.13%             | 2025-05-16      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                            | COMM 2014-UBS4 Mortgage Trust                                  | CUSIP: 12591QAQ5<br>LEI: 5493004GWEVMOU8S3L34 | Long             | ABS-MBS          | CORP              | US        |  14250000 | PA      | $13718909.63  | 0.42%             | 2047-08-10      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                      | Morgan Stanley Bank of America Merrill Lynch Trust 2014 C19    | CUSIP: 61764PBS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3400461 | PA      | $3319873.40   | 0.10%             | 2047-12-15      | Fixed         | 3.33%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                      | Towd Point Mortgage Trust 2021-SJ1                             | CUSIP: 89180FCD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10477490 | PA      | $9811985.64   | 0.30%             | 2068-07-25      | Variable      | 2.25%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $777019.46    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERISOURCEBERGEN CORP                         | AmerisourceBergen Corp                                         | CUSIP: 03073EAS4<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |   5312000 | PA      | $5245655.51   | 0.16%             | 2023-03-15      | Fixed         | 0.74%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GROUP                        | AUSTRALIA & NEW ZEALAND BANKING GROUP LTD                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |  25000000 | PA      | $24972584.50  | 0.76%             | 2023-09-28      | Floating      | 3.57%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                            | General Electric Co                                            | CUSIP: 36962G6S8<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9968110.80   | 0.30%             | 2023-01-09      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $811908.31    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                            | COMM 2014-UBS5 Mortgage Trust                                  | CUSIP: 12592KBB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  25000000 | PA      | $24184650.00  | 0.74%             | 2047-09-10      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE                                 | Public Storage                                                 | CUSIP: 74460WAB3<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              | CORP              | US        |   8500000 | PA      | $8442380.46   | 0.26%             | 2024-04-23      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELECTRIC AND POW                      | VIRGINIA ELECTRIC AND POW                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9978572.20   | 0.31%             | 2022-12-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                       | Caterpillar Financial Services Corp                            | CUSIP: 14913R2F3<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9686144.00   | 0.30%             | 2023-09-14      | Fixed         | 0.45%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                               | CIFC Funding 2017-I Ltd                                        | CUSIP: 12551AAL9<br>LEI: 549300X1SKS4LNS5LQ62 | Long             | ABS-CBDO         | CORP              | KY        |  10592584 | PA      | $10472103.61  | 0.32%             | 2029-04-23      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| 7-ELEVEN INC                                   | 7-Eleven Inc                                                   | CUSIP: 817826AA8<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1734508.37   | 0.05%             | 2023-02-10      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $285513.85    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORPORATION                        | Exxon Mobil Corp                                               | CUSIP: 30231GBL5<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3952551.20   | 0.12%             | 2023-04-15      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                 | Home Depot Inc/The                                             | CUSIP: 437076CM2<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5772358.56   | 0.18%             | 2025-04-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| ST ENGINEERING NA INC                          | ST ENGINEERING NA INC                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14988887.55  | 0.46%             | 2022-12-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NESTLE HOLDINGS INC                            | Nestle Holdings Inc                                            | CUSIP: 641062AQ7<br>LEI: 549300EAEU8YV8MQXP30 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4762422.10   | 0.15%             | 2024-01-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                   | Voya CLO 2014-2 Ltd                                            | CUSIP: 92912VAY1<br>LEI: 549300L8S87K3SMP0R77 | Long             | ABS-CBDO         | CORP              | KY        |   1611968 | PA      | $1584114.50   | 0.05%             | 2030-04-17      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu                 | JPMBB Commercial Mortgage Securities Trust 2015-C32            | CUSIP: 46590JAV9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3500000 | PA      | $3376590.70   | 0.10%             | 2048-11-15      | Fixed         | 3.33%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                       | Microchip Technology Inc                                       | CUSIP: 595017BB9<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |  28500000 | PA      | $26990592.12  | 0.83%             | 2024-02-15      | Fixed         | 0.97%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                       | Madison Park Funding XVIII Ltd                                 | CUSIP: 55819BAW0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2948772.00   | 0.09%             | 2030-10-21      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| ERAC USA FIN CO 0 CP 15/12/2022                | ERAC USA FIN CO 0 CP 15/12/2022                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19964683.40  | 0.61%             | 2022-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt                 | Benefit Street Partners Clo XII Ltd                            | CUSIP: 08179HAE0<br>LEI: 549300CIOPBDYOSN3T91 | Long             | ABS-CBDO         | CORP              | KY        |  18000000 | PA      | $17718282.00  | 0.54%             | 2030-10-15      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| DIAGEO CAPITAL PLC                             | Diageo Capital PLC                                             | CUSIP: 25243YBF5<br>LEI: 213800L23DJLALFC4O95 | Long             | DBT              | CORP              | GB        |  17000000 | PA      | $17169269.00  | 0.53%             | 2025-10-24      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                      | Morgan Stanley Bank of America Merrill Lynch Trust 2014-C14    | CUSIP: 61690GAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9159614 | PA      | $8963328.86   | 0.27%             | 2047-02-15      | Fixed         | 4.06%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $1170741.05   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $464036.61    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                               | CIFC Funding 2013-III-R Ltd                                    | CUSIP: 12552MAC2<br>LEI: 549300JZARV9CBLL1S14 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1965224.00   | 0.06%             | 2031-04-24      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                           | Mercedes-Benz Finance North America LLC                        | CUSIP: 233851EB6<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |  13500000 | PA      | $12777280.20  | 0.39%             | 2024-03-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                                    | Truist Bank                                                    | CUSIP: 89788JAC3<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1991694.68   | 0.06%             | 2023-03-09      | Floating      | 3.87%                 | No            |                  2 | On Loan: No      |
| GLENCORE FDG LLC 0 CP 16/12/2022               | GLENCORE FDG LLC 0 CP 16/12/2022                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24952300.00  | 0.76%             | 2022-12-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limit                 | Bain Capital Credit CLO 2018-1                                 | CUSIP: 05683LAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $3934072.00   | 0.12%             | 2031-04-23      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                            | COMM 2015-LC23 Mortgage Trust                                  | CUSIP: 12636FBF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    183804 | PA      | $183227.08    | 0.01%             | 2048-10-10      | Fixed         | 3.22%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                            | COMM 2012-CCRE4 Mortgage Trust                                 | CUSIP: 12624QAR4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    297480 | PA      | $296707.21    | 0.01%             | 2045-10-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Generate CLO Ltd.                              | Generate CLO 2 Ltd                                             | CUSIP: 98625TAJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10340000 | PA      | $10146569.62  | 0.31%             | 2031-01-22      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| UDR INC                                        | UDR INC                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14996575.80  | 0.46%             | 2022-12-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CARGILL INC                                    | Cargill Inc                                                    | CUSIP: 141781BU7<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |   6750000 | PA      | $6557336.03   | 0.20%             | 2025-04-22      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu                 | JPMBB Commercial Mortgage Securities Trust 2014-C21            | CUSIP: 46642EAX4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  17070789 | PA      | $16548336.10  | 0.51%             | 2047-08-15      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| MMAF Equipment Finance LLC                     | MMAF Equipment Finance LLC 2022-A                              | CUSIP: 55317RAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11000000 | PA      | $10759488.30  | 0.33%             | 2025-02-13      | Fixed         | 2.77%                 | No            |                  2 | On Loan: No      |
| AIR LIQUIDE FINANCE                            | Air Liquide Finance SA                                         | CUSIP: 00913RAC0<br>LEI: 549300YGXL5Z3R14K812 | Long             | DBT              | CORP              | FR        |   1000000 | PA      | $977772.50    | 0.03%             | 2023-09-27      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| ANALOG DEVICES INC                             | Analog Devices Inc                                             | CUSIP: 032654AT2<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1966179.08   | 0.06%             | 2024-10-01      | Floating      | 3.62%                 | No            |                  2 | On Loan: No      |
| MidOcean Credit CLO                            | Midocean Credit Clo VII                                        | CUSIP: 59801WAM8<br>LEI: 5493004MLF21SFT7F415 | Long             | ABS-CBDO         | CORP              | KY        |   8990330 | PA      | $8831866.09   | 0.27%             | 2029-07-15      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| PHILLIPS 66                                    | Phillips 66                                                    | CUSIP: 718546AY0<br>LEI: 5493005JBO5YSIGK1814 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3810437.56   | 0.12%             | 2024-02-15      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| OZLM Ltd                                       | OZLM IX Ltd                                                    | CUSIP: 67109KBC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  18000000 | PA      | $17515476.00  | 0.54%             | 2031-10-20      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.               | Three-Month SOFR                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |       -16 | NC      | $-17016.78    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ICG US CLO Ltd                                 | ICG US CLO 2014-3 Ltd                                          | CUSIP: 44929FBA9<br>LEI: 635400HSQQQ24A9NAK80 | Long             | ABS-CBDO         | CORP              | KY        |   7082684 | PA      | $6975679.25   | 0.21%             | 2031-04-25      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK                               | Fifth Third Bank NA                                            | CUSIP: 31677QBS7<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4975490.30   | 0.15%             | 2023-01-30      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $576485.58    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMDB Commercial Mortgage Secu                 | JPMDB Commercial Mortgage Securities Trust 2020-COR7           | CUSIP: 46652JAS1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3671159 | PA      | $3456934.10   | 0.11%             | 2053-05-13      | Fixed         | 1.07%                 | No            |                  2 | On Loan: No      |
| ASTRAZENECA FINANCE LLC                        | Astrazeneca Finance LLC                                        | CUSIP: 04636NAC7<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |  12250000 | PA      | $11511044.48  | 0.35%             | 2024-05-28      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                            | Southern California Edison Co                                  | CUSIP: 842400HP1<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |  14250000 | PA      | $14013332.44  | 0.43%             | 2025-06-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                          | Toronto-Dominion Bank/The                                      | CUSIP: 89114TZF2<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   8000000 | PA      | $7874952.80   | 0.24%             | 2024-09-10      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $93451.05     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| One New York Plaza Trust 2020-                 | One New York Plaza Trust 2020-1NYP                             | CUSIP: 68249DAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  19065000 | PA      | $17957962.18  | 0.55%             | 2036-01-15      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| GLAXOSMITHKLINE CAPITAL                        | GlaxoSmithKline Capital PLC                                    | CUSIP: 377373AL9<br>LEI: 549300U0LV41VX7LEP38 | Long             | DBT              | CORP              | GB        |   6500000 | PA      | $6272267.30   | 0.19%             | 2023-10-01      | Fixed         | 0.53%                 | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO                            | Sherwin-Williams Co/The                                        | CUSIP: 824348BR6<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5418827.21   | 0.17%             | 2025-08-08      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NUTRIEN LTD                                    | Nutrien Ltd                                                    | CUSIP: 67077MAY4<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |   7250000 | PA      | $7381152.50   | 0.23%             | 2025-11-07      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ALIMENTATION COUCHE-TARD INC                   | ALIMENTATION COUCHE-TARD                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  30000000 | PA      | $29982462.60  | 0.92%             | 2022-12-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Atrium CDO Corp                                | Madison Park Funding XLI Ltd                                   | CUSIP: 04965CAJ7<br>LEI: 549300O252OCTN35RH57 | Long             | ABS-CBDO         | CORP              | KY        |   6919430 | PA      | $6846541.16   | 0.21%             | 2027-04-22      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| HITACHI AMER CAP LTD 0 CP 05/12/2022           | HITACHI AMER CAP LTD 0 CP 05/12/2022                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  30000000 | PA      | $29982795.90  | 0.92%             | 2022-12-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI CORP AMERS 0 CP 06/12/2022          | MITSUBISHI CORP AMERS 0 CP 06/12/2022                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2998076.49   | 0.09%             | 2022-12-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $1011710.63   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                 | Carlyle Global Market Strategies CLO 2014-1 Ltd                | CUSIP: 14310MAW7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4984844 | PA      | $4900042.00   | 0.15%             | 2031-04-17      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                       | Baxter International Inc                                       | CUSIP: 071813CY3<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19817162.80  | 0.61%             | 2023-12-01      | Floating      | 4.08%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                       | Benchmark 2018-B3 Mortgage Trust                               | CUSIP: 08161BAV5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    408699 | PA      | $406249.48    | 0.01%             | 2051-04-10      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                       | Capital One Financial Corp                                     | CUSIP: 14040HBV6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1660000 | PA      | $1654259.17   | 0.05%             | 2023-01-30      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $1966873.52   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG LONDON                                  | UBS AG/London                                                  | CUSIP: 902674YC8<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |   4500000 | PA      | $4468891.50   | 0.14%             | 2024-02-09      | Floating      | 4.16%                 | No            |                  2 | On Loan: No      |
| STATE STREET BANK AND TRUST COMPAN             | STATE STREET BANK AND TRUST COMPAN                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4992995.90   | 0.15%             | 2023-03-27      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LFE GLB FND II                       | Principal Life Global Funding II                               | CUSIP: 74256LEM7<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1242102.84   | 0.04%             | 2024-04-12      | Floating      | 3.87%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage                  | Citigroup Commercial Mortgage Trust 2013-GC17                  | CUSIP: 17321RAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  21000000 | PA      | $20618249.40  | 0.63%             | 2046-11-10      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu                 | JPMBB Commercial Mortgage Securities Trust 2013-C14            | CUSIP: 46640LAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3524740 | PA      | $3484887.32   | 0.11%             | 2046-08-15      | Variable      | 3.76%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                       | Citigroup Global Markets Holdings Inc/United States            | CUSIP: 17329FXG4<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |  13250000 | PA      | $12427842.27  | 0.38%             | 2024-06-07      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                   | Voya CLO 2014-1 Ltd                                            | CUSIP: 92915PAH8<br>LEI: 549300ITL5IR423IJ183 | Long             | ABS-CBDO         | CORP              | KY        |   1864472 | PA      | $1824032.00   | 0.06%             | 2031-04-18      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| MARTIN MARIETTA MATERIAL                       | Martin Marietta Materials Inc                                  | CUSIP: 573284AY2<br>LEI: 5299005MZ4WZECVATV08 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2184454.76   | 0.07%             | 2023-07-15      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                         | UnitedHealth Group Inc                                         | CUSIP: 91324PEN8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   5750000 | PA      | $5842962.84   | 0.18%             | 2025-10-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| PIONEER NATURAL RESOURCE                       | Pioneer Natural Resources Co                                   | CUSIP: 723787AU1<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2450918.05   | 0.07%             | 2023-05-15      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor                 | JP Morgan Chase Commercial Mortgage Securities Trust 2016-JP2  | CUSIP: 46590MAS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6419281 | PA      | $6084844.28   | 0.19%             | 2049-08-15      | Fixed         | 2.71%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner T                 | Honda Auto Receivables 2020-1 Owner Trust                      | CUSIP: 43813RAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1520856 | PA      | $1507212.71   | 0.05%             | 2024-04-22      | Fixed         | 1.61%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                      | Morgan Stanley Bank of America Merrill Lynch Trust 2014-C17    | CUSIP: 61763UAY8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12863990 | PA      | $12457610.57  | 0.38%             | 2047-08-15      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS PLC                         | BP CAPITAL MARKETS PLC                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24698883.25  | 0.76%             | 2023-02-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ATMOS ENERGY CORP                              | Atmos Energy Corp                                              | CUSIP: 049560AV7<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |   5250000 | PA      | $5243434.82   | 0.16%             | 2023-03-09      | Floating      | 3.57%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                         | UnitedHealth Group Inc                                         | CUSIP: 91324PEB4<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   7250000 | PA      | $6824416.59   | 0.21%             | 2024-05-15      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                 | Wells Fargo Commercial Mortgage Trust 2013-LC12                | CUSIP: 94988QAG6<br>LEI: 549300V2DF3KW9L1CV04 | Long             | ABS-MBS          | CORP              | US        |  17500000 | PA      | $17276836.50  | 0.53%             | 2046-07-15      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| UBS AG LONDON                                  | UBS AG/London                                                  | CUSIP: 902674YB0<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |   3000000 | PA      | $2828929.50   | 0.09%             | 2024-02-09      | Fixed         | 0.45%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE (US) INC                              | ENBRIDGE (US) INC                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24954291.75  | 0.76%             | 2022-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu                 | JPMBB Commercial Mortgage Securities Trust 2013-C14            | CUSIP: 46640LAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3768968 | PA      | $3723309.46   | 0.11%             | 2046-08-15      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| SKANDINAV ENSKILDA BK NY                       | Skandinaviska Enskilda Banken AB/New York NY                   | CUSIP: 83050PZJ1<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | DBT              | CORP              | SE        |  15000000 | PA      | $15011360.40  | 0.46%             | 2023-03-17      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.               | Three-Month SOFR                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |       -24 | NC      | $-15993.92    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| INGREDION INC                                  | INGREDION INC                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4995975.00   | 0.15%             | 2022-12-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage                  | Citigroup Commercial Mortgage Trust 2014-GC25                  | CUSIP: 17322YAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6518720 | PA      | $6241091.08   | 0.19%             | 2047-10-10      | Fixed         | 3.37%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                      | Morgan Stanley Bank of America Merrill Lynch Trust 2015-C26    | CUSIP: 61690VAZ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10000000 | PA      | $9470033.00   | 0.29%             | 2048-10-15      | Fixed         | 3.53%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                       | Toyota Motor Credit Corp                                       | CUSIP: 89236TKF1<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4871898.75   | 0.15%             | 2025-08-18      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| BNPPRI CPIB 0 12/07/22                         | BNPPRI CPIB 0 12/07/22                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |  20000000 | PA      | $20001319.60  | 0.61%             | 2022-12-07      | Floating      | 3.41%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $1531825.73   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $411124.42    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CDP FINANCIAL INC                              | CDP FINANCIAL INC                                              | CUSIP: 000000000<br>LEI: 549300OXMGVYFCBFV096 | Long             | DBT              | CORP              | CA        |  15000000 | PA      | $15004923.60  | 0.46%             | 2023-07-25      | Floating      | 3.76%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank Commercial Mortg                 | DBJPM 2017-C6 Mortgage Trust                                   | CUSIP: 23312JAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4040299 | PA      | $3882026.12   | 0.12%             | 2050-06-10      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $415714.76    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Senior Loan Fund LTD                     | Atlas Senior Loan Fund III Ltd                                 | CUSIP: 04941GAL2<br>LEI: 635400UCHZNUTGTBTH21 | Long             | ABS-CBDO         | CORP              | KY        |   2292449 | PA      | $2259025.51   | 0.07%             | 2027-11-17      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| GLENCORE FDG L 12/07/2022                      | GLENCORE FDG L 12/07/2022                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4995945.85   | 0.15%             | 2022-12-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                      | IRS USD                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $188640.64    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                               | Trinitas CLO V Ltd                                             | CUSIP: 89641AAV7<br>LEI: 54930015QLUMDPHS1H02 | Long             | ABS-CBDO         | CORP              | KY        |   1786843 | PA      | $1775171.80   | 0.05%             | 2028-10-25      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-19

**Name of Applicant:** PGIM ETF Trust

**Signature:** Christian J. Kelly

**Name of Signer:** Christian J. Kelly

**Title:** Treasurer and Principal Financial and Accounting Officer