# EDGAR Filing Document

**Accession Number:** 0000278187
**File Stem:** 0001752724-25-182009
**Filing Date:** 2025-7
**Character Count:** 439389
**Document Hash:** de76eaeb7bce588ebe9169837e4c284c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-182009.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001752724-25-182009

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250530

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRUDENTIAL INVESTMENT PORTFOLIOS, INC. 15
- **CENTRAL INDEX KEY:** 0000278187

**ORGANIZATION NAME:**
- **EIN:** 132974999
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02896
- **FILM NUMBER:** 251159609

**BUSINESS ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 6TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102
- **BUSINESS PHONE:** (973) 802-5032

**MAIL ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 6TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRUDENTIAL HIGH YIELD FUND, INC.
- **DATE OF NAME CHANGE:** 20100219

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DRYDEN HIGH YIELD FUND INC
- **DATE OF NAME CHANGE:** 20041213

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRUDENTIAL HIGH YIELD FUND INC
- **DATE OF NAME CHANGE:** 19950523

## Series and Classes Contracts Data

### PGIM Short Duration High Yield Income Fund (Series ID: S000038590)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000119073 | Class A      | HYSAX           |
| C000119074 | Class C      | HYSCX           |
| C000119075 | Class Z      | HYSZX           |
| C000147930 | Class R6     | HYSQX           |

## Nport-Ex

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Long-Term Investments 97.9%** | **Long-Term Investments 97.9%** | **Long-Term Investments 97.9%** | **Long-Term Investments 97.9%** | **Long-Term Investments 97.9%** |
| **Asset-Backed Securities 2.1%** | **Asset-Backed Securities 2.1%** | **Asset-Backed Securities 2.1%** | **Asset-Backed Securities 2.1%** | **Asset-Backed Securities 2.1%** |
| **Collateralized Loan Obligations** | **Collateralized Loan Obligations** | **Collateralized Loan Obligations** | **Collateralized Loan Obligations** | **Collateralized Loan Obligations** |
| Atlas Static Senior Loan Fund Ltd. (Cayman Islands),<br> Series 2022-01A, Class AR, 144A, 3 Month SOFR + 1.750% (Cap N/A, Floor 1.750%) | 6.006 %(c) | &nbsp;&nbsp;07/15/30 | &nbsp;&nbsp;7048 | &nbsp;&nbsp; $7051260 |
| Battalion CLO Ltd. (Cayman Islands),<br> Series 2015-09A, Class AR, 144A, 3 Month SOFR + 1.362% (Cap N/A, Floor 1.100%) | 5.618(c) | &nbsp;&nbsp;07/15/31 | 15080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15117785 |
| BlueMountain Fuji US CLO Ltd. (Cayman Islands),<br> Series 2017-02A, Class A1AR, 144A, 3 Month SOFR + 1.262% (Cap N/A, Floor 0.000%) | 5.531(c) | &nbsp;&nbsp;10/20/30 | &nbsp;&nbsp;1406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1404161 |
| Carlyle Global Market Strategies CLO Ltd. (Cayman Islands),<br> Series 2014-03RA, Class A1A, 144A, 3 Month SOFR + 1.312% (Cap N/A, Floor 0.000%) | 5.594(c) | &nbsp;&nbsp;07/27/31 | &nbsp;&nbsp;&nbsp;&nbsp;904 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;904893 |
| Madison Park Funding Ltd. (Cayman Islands),<br> Series 2019-33A, Class AR, 144A, 3 Month SOFR + 1.290% (Cap N/A, Floor 1.290%) | 5.546(c) | &nbsp;&nbsp;10/15/32 | &nbsp;&nbsp;7493 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7500719 |
| OFSI BSL Ltd. (Cayman Islands),<br> Series 2018-01A, Class AR, 144A, 3 Month SOFR + 1.190% (Cap N/A, Floor 1.190%) | 5.446(c) | &nbsp;&nbsp;07/15/31 | 13791 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13801166 |
| Sound Point CLO Ltd. (Cayman Islands),<br> Series 2018-03A, Class A1AR, 144A, 3 Month SOFR + 1.300% (Cap N/A, Floor 1.300%) | 5.583(c) | &nbsp;&nbsp;10/26/31 | &nbsp;&nbsp;8423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8441394 |
| Trinitas CLO Ltd. (Bermuda),<br> Series 2023-26A, Class A1, 144A, 3 Month SOFR + 1.690% (Cap N/A, Floor 1.690%) | 5.959(c) | &nbsp;&nbsp;01/20/35 | 30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30000000 |
| Voya CLO Ltd. (Cayman Islands),<br> Series 2015-03A, Class A1R3, 144A, 3 Month SOFR + 1.150% (Cap N/A, Floor 1.150%) | 5.422(c) | &nbsp;&nbsp;10/20/31 | 17714 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17738977 |
| **Total Asset-Backed Securities<br> (cost $101,785,718)** | **Total Asset-Backed Securities<br> (cost $101,785,718)** | **Total Asset-Backed Securities<br> (cost $101,785,718)** | **Total Asset-Backed Securities<br> (cost $101,785,718)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101960355 |
| **Corporate Bonds 80.6%** | **Corporate Bonds 80.6%** | **Corporate Bonds 80.6%** | **Corporate Bonds 80.6%** | **Corporate Bonds 80.6%** |
| **Advertising 0.8%** | **Advertising 0.8%** | **Advertising 0.8%** | **Advertising 0.8%** | **Advertising 0.8%** |
| Clear Channel Outdoor Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 5.125 | &nbsp;&nbsp;08/15/27 | 27415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26850991 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 9.000 | &nbsp;&nbsp;09/15/28 | 10500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11027113 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37878104 |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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)** |
| **Aerospace & Defense 1.8%** | **Aerospace & Defense 1.8%** | **Aerospace & Defense 1.8%** | **Aerospace & Defense 1.8%** | **Aerospace & Defense 1.8%** |
| Boeing Co. (The),<br> Sr. Unsec'd. Notes | 2.196% | &nbsp;&nbsp;02/04/26 | 10000 | &nbsp;&nbsp; $9820963 |
| Bombardier, Inc. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A(a) | 6.000 | &nbsp;&nbsp;02/15/28 | 26567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26500583 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 7.125 | &nbsp;&nbsp;06/15/26 | &nbsp;&nbsp;7464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7464000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A(a) | 7.500 | &nbsp;&nbsp;02/01/29 | &nbsp;&nbsp;2995 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3092338 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 7.875 | &nbsp;&nbsp;04/15/27 | &nbsp;&nbsp;4857 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4863071 |
| TransDigm, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes(a) | 4.625 | &nbsp;&nbsp;01/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;549666 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 5.500 | &nbsp;&nbsp;11/15/27 | 21341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21336043 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 6.375 | &nbsp;&nbsp;03/01/29 | &nbsp;&nbsp;8910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9054818 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 6.750 | &nbsp;&nbsp;08/15/28 | &nbsp;&nbsp;4750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4828439 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87509921 |
| **Airlines 1.4%** | **Airlines 1.4%** | **Airlines 1.4%** | **Airlines 1.4%** | **Airlines 1.4%** |
| American Airlines, Inc.,<br> Sr. Sec'd. Notes, 144A | 7.250 | &nbsp;&nbsp;02/15/28 | &nbsp;&nbsp;2925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2955060 |
| American Airlines, Inc./AAdvantage Loyalty IP Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A(a) | 5.500 | &nbsp;&nbsp;04/20/26 | 12944 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12927654 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A(a) | 5.750 | &nbsp;&nbsp;04/20/29 | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;784856 |
| United Airlines, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 4.375 | &nbsp;&nbsp;04/15/26 | 21132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20894158 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 4.625 | &nbsp;&nbsp;04/15/29 | 12400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11775257 |
| VistaJet Malta Finance PLC/Vista Management Holding,<br> Inc. (Switzerland), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 7.875 | &nbsp;&nbsp;05/01/27 | 13033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12739758 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 9.500 | &nbsp;&nbsp;06/01/28 | &nbsp;&nbsp;6297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6199725 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68276468 |
| **Apparel 0.4%** | **Apparel 0.4%** | **Apparel 0.4%** | **Apparel 0.4%** | **Apparel 0.4%** |
| Kontoor Brands, Inc.,<br> Gtd. Notes, 144A | 4.125 | &nbsp;&nbsp;11/15/29 | &nbsp;&nbsp;7000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6456127 |
| William Carter Co. (The),<br> Gtd. Notes, 144A(a) | 5.625 | &nbsp;&nbsp;03/15/27 | 10326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10257897 |
| Wolverine World Wide, Inc.,<br> Gtd. Notes, 144A | 4.000 | &nbsp;&nbsp;08/15/29 | &nbsp;&nbsp;1465 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1281965 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17995989 |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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)** |
| **Auto Manufacturers 0.4%** | **Auto Manufacturers 0.4%** | **Auto Manufacturers 0.4%** | **Auto Manufacturers 0.4%** | **Auto Manufacturers 0.4%** |
| Ford Motor Credit Co. LLC,<br> Sr. Unsec'd. Notes | &nbsp;&nbsp;2.700% | &nbsp;&nbsp;08/10/26 | 13425 | &nbsp;&nbsp; $12977195 |
| New Flyer Holdings, Inc. (Canada),<br> Sec'd. Notes, 144A | &nbsp;&nbsp;9.250 | &nbsp;&nbsp;07/01/30 | &nbsp;&nbsp;1515 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1554769 |
| PM General Purchaser LLC,<br> Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;9.500 | &nbsp;&nbsp;10/01/28 | 10375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6668532 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21200496 |
| **Auto Parts & Equipment 1.8%** | **Auto Parts & Equipment 1.8%** | **Auto Parts & Equipment 1.8%** | **Auto Parts & Equipment 1.8%** | **Auto Parts & Equipment 1.8%** |
| Adient Global Holdings Ltd.,<br> Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;04/15/28 | &nbsp;&nbsp;5541 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5653538 |
| American Axle & Manufacturing, Inc.,<br> Gtd. Notes(a) | &nbsp;&nbsp;6.500 | &nbsp;&nbsp;04/01/27 | &nbsp;&nbsp;5040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5014268 |
| Clarios Global LP/Clarios US Finance Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;8.500 | &nbsp;&nbsp;05/15/27 | 21425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21518841 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A(a) | &nbsp;&nbsp;6.250 | &nbsp;&nbsp;05/15/26 | &nbsp;&nbsp;3132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3132000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;02/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;507500 |
| Dana, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | &nbsp;&nbsp;5.375 | &nbsp;&nbsp;11/15/27 | &nbsp;&nbsp;7525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7480076 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | &nbsp;&nbsp;5.625 | &nbsp;&nbsp;06/15/28 | &nbsp;&nbsp;7375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7356961 |
| Phinia, Inc.,<br> Sr. Sec'd. Notes, 144A(a) | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;04/15/29 | &nbsp;&nbsp;4450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4554805 |
| Tenneco, Inc.,<br> Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;8.000 | &nbsp;&nbsp;11/17/28 | 32372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31881949 |
| Titan International, Inc.,<br> Sr. Sec'd. Notes | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;04/30/28 | &nbsp;&nbsp;2300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2252657 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89352595 |
| **Banks 1.1%** | **Banks 1.1%** | **Banks 1.1%** | **Banks 1.1%** | **Banks 1.1%** |
| Freedom Mortgage Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A(x) | &nbsp;&nbsp;6.625 | &nbsp;&nbsp;01/15/27 | 16050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16014439 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A(x) | &nbsp;&nbsp;7.625 | &nbsp;&nbsp;05/01/26 | 21823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21789743 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A(x) | 12.000 | &nbsp;&nbsp;10/01/28 | &nbsp;&nbsp;2950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3168277 |
| Popular, Inc. (Puerto Rico),<br> Sr. Unsec'd. Notes(a) | &nbsp;&nbsp;7.250 | &nbsp;&nbsp;03/13/28 | 13700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14324172 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55296631 |
| **Building Materials 1.5%** | **Building Materials 1.5%** | **Building Materials 1.5%** | **Building Materials 1.5%** | **Building Materials 1.5%** |
| Builders FirstSource, Inc.,<br> Gtd. Notes, 144A | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;03/01/30 | &nbsp;&nbsp;1490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1445854 |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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)** |
| **Building Materials (cont'd.)** | **Building Materials (cont'd.)** | **Building Materials (cont'd.)** | **Building Materials (cont'd.)** | **Building Materials (cont'd.)** |
| Griffon Corp.,<br> Gtd. Notes | &nbsp;&nbsp;5.750% | &nbsp;&nbsp;03/01/28 | &nbsp;&nbsp;6375 | &nbsp;&nbsp; $6333195 |
| JELD-WEN, Inc.,<br> Gtd. Notes, 144A(a) | &nbsp;&nbsp;4.875 | &nbsp;&nbsp;12/15/27 | 11045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9664551 |
| Quikrete Holdings, Inc.,<br> Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;6.375 | &nbsp;&nbsp;03/01/32 | &nbsp;&nbsp;7470 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7588609 |
| Smyrna Ready Mix Concrete LLC,<br> Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;11/01/28 | &nbsp;&nbsp;3555 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3511794 |
| Standard Industries, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;01/15/28 | &nbsp;&nbsp;5600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5503374 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A(a) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;02/15/27 | 38960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38677355 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72724732 |
| **Chemicals 1.6%** | **Chemicals 1.6%** | **Chemicals 1.6%** | **Chemicals 1.6%** | **Chemicals 1.6%** |
| Celanese US Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | &nbsp;&nbsp;6.415 | &nbsp;&nbsp;07/15/27 | &nbsp;&nbsp;2040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2089150 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | &nbsp;&nbsp;6.850 | &nbsp;&nbsp;11/15/28 | &nbsp;&nbsp;4550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4712329 |
| Cornerstone Chemical Co. LLC,<br> Sec'd. Notes, 144A, Cash coupon 10.000% or PIK 10.000%^ | 10.000 | &nbsp;&nbsp;05/07/29 | &nbsp;&nbsp;3268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2672576 |
| Hercules LLC,<br> Jr. Sub. Notes | &nbsp;&nbsp;6.500 | &nbsp;&nbsp;06/30/29 | &nbsp;&nbsp;2005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2010394 |
| Olympus Water US Holding Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;10/01/28 | &nbsp;&nbsp;9311 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8777248 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;7.125 | &nbsp;&nbsp;10/01/27 | 22064 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22421971 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;9.750 | &nbsp;&nbsp;11/15/28 | 14100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14778932 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;6.250 | &nbsp;&nbsp;10/01/29 | &nbsp;&nbsp;3650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3383686 |
| SNF Group SACA (France),<br> Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;3.125 | &nbsp;&nbsp;03/15/27 | 18392 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17598845 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78445131 |
| **Coal 0.1%** | **Coal 0.1%** | **Coal 0.1%** | **Coal 0.1%** | **Coal 0.1%** |
| Coronado Finance Pty Ltd. (Australia),<br> Sr. Sec'd. Notes, 144A(a) | &nbsp;&nbsp;9.250 | &nbsp;&nbsp;10/01/29 | &nbsp;&nbsp;6300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4630500 |
| **Commercial Services 3.7%** | **Commercial Services 3.7%** | **Commercial Services 3.7%** | **Commercial Services 3.7%** | **Commercial Services 3.7%** |
| Adtalem Global Education, Inc.,<br> Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;03/01/28 | &nbsp;&nbsp;4078 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4049976 |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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)** |
| **Commercial Services (cont'd.)** | **Commercial Services (cont'd.)** | **Commercial Services (cont'd.)** | **Commercial Services (cont'd.)** | **Commercial Services (cont'd.)** |
| Allied Universal Holdco LLC/Allied Universal Finance Corp.,<br> Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;9.750% | &nbsp;&nbsp;07/15/27 | 10774 | &nbsp;&nbsp; $10860625 |
| Allied Universal Holdco LLC/Allied Universal Finance<br> Corp./Atlas Luxco 4 Sarl, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;06/01/28 | 12416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11855914 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;06/01/28 | &nbsp;&nbsp;5525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5276375 |
| Alta Equipment Group, Inc.,<br> Sec'd. Notes, 144A | &nbsp;&nbsp;9.000 | &nbsp;&nbsp;06/01/29 | &nbsp;&nbsp;5745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5055779 |
| AMN Healthcare, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;04/15/29 | &nbsp;&nbsp;3220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2962241 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;10/01/27 | 36219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35050184 |
| Avis Budget Car Rental LLC/Avis Budget Finance, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;04/01/28 | &nbsp;&nbsp;1020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;976472 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;5.750 | &nbsp;&nbsp;07/15/27 | &nbsp;&nbsp;6575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6488941 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | &nbsp;&nbsp;5.750 | &nbsp;&nbsp;07/15/27 | 13920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13738008 |
| Belron UK Finance PLC (United Kingdom),<br> Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;5.750 | &nbsp;&nbsp;10/15/29 | &nbsp;&nbsp;2165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2170629 |
| Brink's Co. (The),<br> Gtd. Notes, 144A | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;10/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;661 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;652224 |
| Clarivate Science Holdings Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | &nbsp;&nbsp;4.875 | &nbsp;&nbsp;07/01/29 | &nbsp;&nbsp;1700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1572205 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;3.875 | &nbsp;&nbsp;07/01/28 | 11960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11402991 |
| DCLI Bidco LLC,<br> Second Mortgage, 144A(a) | &nbsp;&nbsp;7.750 | &nbsp;&nbsp;11/15/29 | &nbsp;&nbsp;6275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6313847 |
| Herc Holdings Escrow, Inc.,<br> Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;06/15/30 | &nbsp;&nbsp;9625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9917146 |
| Herc Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;07/15/27 | 18141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18003343 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | &nbsp;&nbsp;6.625 | &nbsp;&nbsp;06/15/29 | &nbsp;&nbsp;4385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4441398 |
| Hertz Corp. (The), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;12/01/26 | &nbsp;&nbsp;2485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2189085 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A(a) | 12.625 | &nbsp;&nbsp;07/15/29 | &nbsp;&nbsp;3100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3157966 |
| Mavis Tire Express Services Topco Corp.,<br> Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;6.500 | &nbsp;&nbsp;05/15/29 | &nbsp;&nbsp;8193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7795762 |
| NESCO Holdings II, Inc.,<br> Sec'd. Notes, 144A | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;04/15/29 | &nbsp;&nbsp;8450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7964228 |
| United Rentals North America, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | &nbsp;&nbsp;4.875 | &nbsp;&nbsp;01/15/28 | &nbsp;&nbsp;1075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1063203 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sec'd. Notes(a) | &nbsp;&nbsp;3.875 | &nbsp;&nbsp;11/15/27 | &nbsp;&nbsp;1858 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1816972 |
| VT Topco, Inc.,<br> Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;8.500 | &nbsp;&nbsp;08/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;822768 |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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)** |
| **Commercial Services (cont'd.)** | **Commercial Services (cont'd.)** | **Commercial Services (cont'd.)** | **Commercial Services (cont'd.)** | **Commercial Services (cont'd.)** |
| Williams Scotsman, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A(a) | 6.625% | &nbsp;&nbsp;06/15/29 | &nbsp;&nbsp;2120 | &nbsp;&nbsp; $2164770 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A(a) | 6.625 | &nbsp;&nbsp;04/15/30 | &nbsp;&nbsp;2100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2152386 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;179915438 |
| **Computers 0.8%** | **Computers 0.8%** | **Computers 0.8%** | **Computers 0.8%** | **Computers 0.8%** |
| Fortress Intermediate 3, Inc.,<br> Sr. Sec'd. Notes, 144A(a) | 7.500 | &nbsp;&nbsp;06/01/31 | &nbsp;&nbsp;4940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5108610 |
| NCR Atleos Corp.,<br> Sr. Sec'd. Notes, 144A | 9.500 | &nbsp;&nbsp;04/01/29 | 11006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12017610 |
| NCR Voyix Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 5.000 | &nbsp;&nbsp;10/01/28 | 18655 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18379511 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 5.125 | &nbsp;&nbsp;04/15/29 | &nbsp;&nbsp;1577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1538210 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37043941 |
| **Distribution/Wholesale 0.6%** | **Distribution/Wholesale 0.6%** | **Distribution/Wholesale 0.6%** | **Distribution/Wholesale 0.6%** | **Distribution/Wholesale 0.6%** |
| H&E Equipment Services, Inc.,<br> Gtd. Notes, 144A | 3.875 | &nbsp;&nbsp;12/15/28 | 26049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26301415 |
| Velocity Vehicle Group LLC,<br> Sr. Unsec'd. Notes, 144A(a) | 8.000 | &nbsp;&nbsp;06/01/29 | &nbsp;&nbsp;1615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1552667 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27854082 |
| **Diversified Financial Services 5.7%** | **Diversified Financial Services 5.7%** | **Diversified Financial Services 5.7%** | **Diversified Financial Services 5.7%** | **Diversified Financial Services 5.7%** |
| Azorra Finance Ltd.,<br> Gtd. Notes, 144A | 7.750 | &nbsp;&nbsp;04/15/30 | &nbsp;&nbsp;4365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4393853 |
| Bread Financial Holdings, Inc.,<br> Gtd. Notes, 144A | 9.750 | &nbsp;&nbsp;03/15/29 | &nbsp;&nbsp;8110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8635432 |
| Freedom Mortgage Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A(a)(x) | 8.375 | &nbsp;&nbsp;04/01/32 | &nbsp;&nbsp;1110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1099778 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A(x) | 9.250 | &nbsp;&nbsp;02/01/29 | &nbsp;&nbsp;9035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9313750 |
| GGAM Finance Ltd. (Ireland), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 8.000 | &nbsp;&nbsp;02/15/27 | 14105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14457625 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A(a) | 7.750 | &nbsp;&nbsp;05/15/26 | &nbsp;&nbsp;5075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5106719 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 8.000 | &nbsp;&nbsp;06/15/28 | &nbsp;&nbsp;9175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9610812 |
| goeasy Ltd. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | 6.875 | &nbsp;&nbsp;05/15/30 | &nbsp;&nbsp;2040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2009400 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 9.250 | &nbsp;&nbsp;12/01/28 | &nbsp;&nbsp;5834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6111115 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A(a) | 7.375 | &nbsp;&nbsp;10/01/30 | &nbsp;&nbsp;2940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2936325 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 7.625 | &nbsp;&nbsp;07/01/29 | &nbsp;&nbsp;5865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5901187 |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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.)** |
| Jefferies Finance LLC/JFIN Co-Issuer Corp.,<br> Sr. Sec'd. Notes, 144A | 6.625% | &nbsp;&nbsp;10/15/31 | &nbsp;&nbsp;4200 | &nbsp;&nbsp; $4163381 |
| LD Holdings Group LLC,<br> Gtd. Notes, 144A | 6.125 | &nbsp;&nbsp;04/01/28 | &nbsp;&nbsp;2950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2403689 |
| Macquarie Airfinance Holdings Ltd. (United Kingdom),<br> Sr. Unsec'd. Notes, 144A | 6.400 | &nbsp;&nbsp;03/26/29 | &nbsp;&nbsp;7100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7337457 |
| Nationstar Mortgage Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 5.125 | &nbsp;&nbsp;12/15/30 | &nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2501440 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 5.500 | &nbsp;&nbsp;08/15/28 | 20195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20160697 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 6.000 | &nbsp;&nbsp;01/15/27 | &nbsp;&nbsp;8175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8183196 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 6.500 | &nbsp;&nbsp;08/01/29 | &nbsp;&nbsp;4145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4223487 |
| Navient Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 4.875 | &nbsp;&nbsp;03/15/28 | 12240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11950028 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes(a) | 5.000 | &nbsp;&nbsp;03/15/27 | &nbsp;&nbsp;4523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4468013 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes(a) | 6.750 | &nbsp;&nbsp;06/25/25 | &nbsp;&nbsp;5150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5150366 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 6.750 | &nbsp;&nbsp;06/15/26 | &nbsp;&nbsp;2400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2428748 |
| OneMain Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 3.500 | &nbsp;&nbsp;01/15/27 | &nbsp;&nbsp;4195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4065713 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 3.875 | &nbsp;&nbsp;09/15/28 | 11633 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10928283 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes(a) | 4.000 | &nbsp;&nbsp;09/15/30 | &nbsp;&nbsp;4075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3668054 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 5.375 | &nbsp;&nbsp;11/15/29 | &nbsp;&nbsp;7250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7025436 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes(a) | 6.625 | &nbsp;&nbsp;01/15/28 | &nbsp;&nbsp;6036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6146167 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 6.625 | &nbsp;&nbsp;05/15/29 | &nbsp;&nbsp;3950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3994421 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 6.750 | &nbsp;&nbsp;03/15/32 | &nbsp;&nbsp;8400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8347894 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 7.125 | &nbsp;&nbsp;03/15/26 | 17838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18089112 |
| PennyMac Financial Services, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 4.250 | &nbsp;&nbsp;02/15/29 | 15600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14830468 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 7.875 | &nbsp;&nbsp;12/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;650491 |
| PHH Escrow Issuer LLC/PHH Corp.,<br> Sr. Unsec'd. Notes, 144A | 9.875 | &nbsp;&nbsp;11/01/29 | &nbsp;&nbsp;3925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3856665 |
| PRA Group, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 8.375 | &nbsp;&nbsp;02/01/28 | 12050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12159452 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | 8.875 | &nbsp;&nbsp;01/31/30 | &nbsp;&nbsp;4568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4682743 |
| Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 2.875 | &nbsp;&nbsp;10/15/26 | 20819 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20160723 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 3.625 | &nbsp;&nbsp;03/01/29 | &nbsp;&nbsp;6350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5924006 |
| SLM Corp.,<br> Sr. Unsec'd. Notes(a)(x) | 6.500 | &nbsp;&nbsp;01/31/30 | &nbsp;&nbsp;1820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1882778 |
| United Wholesale Mortgage LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 5.500 | &nbsp;&nbsp;04/15/29 | &nbsp;&nbsp;1260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1208673 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 5.750 | &nbsp;&nbsp;06/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;897 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;884268 |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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.)** |
| UWM Holdings LLC,<br> Gtd. Notes, 144A | 6.625% | &nbsp;&nbsp;02/01/30 | &nbsp;&nbsp;3455 | &nbsp;&nbsp; $3387297 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;274439142 |
| **Electric 3.2%** | **Electric 3.2%** | **Electric 3.2%** | **Electric 3.2%** | **Electric 3.2%** |
| Calpine Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 4.500 | &nbsp;&nbsp;02/15/28 | 20585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20196562 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 5.000 | &nbsp;&nbsp;02/01/31 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242340 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 5.125 | &nbsp;&nbsp;03/15/28 | 20920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20740037 |
| NRG Energy, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 5.750 | &nbsp;&nbsp;01/15/28 | 12099 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12137089 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 5.250 | &nbsp;&nbsp;06/15/29 | 24775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24481121 |
| PG&E Corp.,<br> Sr. Sec'd. Notes | 5.000 | &nbsp;&nbsp;07/01/28 | &nbsp;&nbsp;2275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2221029 |
| Vistra Operations Co. LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 4.375 | &nbsp;&nbsp;05/01/29 | 19490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18845672 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 5.000 | &nbsp;&nbsp;07/31/27 | 39591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39492051 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 5.500 | &nbsp;&nbsp;09/01/26 | &nbsp;&nbsp;7892 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7897018 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 5.625 | &nbsp;&nbsp;02/15/27 | &nbsp;&nbsp;9800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9798184 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156051103 |
| **Electrical Components & Equipment 0.6%** | **Electrical Components & Equipment 0.6%** | **Electrical Components & Equipment 0.6%** | **Electrical Components & Equipment 0.6%** | **Electrical Components & Equipment 0.6%** |
| Energizer Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | 4.375 | &nbsp;&nbsp;03/31/29 | &nbsp;&nbsp;&nbsp;&nbsp;688 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;646072 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 4.750 | &nbsp;&nbsp;06/15/28 | &nbsp;&nbsp;3328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3209925 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | 6.500 | &nbsp;&nbsp;12/31/27 | 16843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16913451 |
| WESCO Distribution, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | 6.375 | &nbsp;&nbsp;03/15/29 | &nbsp;&nbsp;2790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2848669 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 7.250 | &nbsp;&nbsp;06/15/28 | &nbsp;&nbsp;4602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4658277 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28276394 |
| **Electronics 0.1%** | **Electronics 0.1%** | **Electronics 0.1%** | **Electronics 0.1%** | **Electronics 0.1%** |
| Sensata Technologies BV,<br> Gtd. Notes, 144A | 4.000 | &nbsp;&nbsp;04/15/29 | &nbsp;&nbsp;5600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5238240 |
| **Engineering & Construction 0.1%** | **Engineering & Construction 0.1%** | **Engineering & Construction 0.1%** | **Engineering & Construction 0.1%** | **Engineering & Construction 0.1%** |
| AECOM,<br> Gtd. Notes | 5.125 | &nbsp;&nbsp;03/15/27 | &nbsp;&nbsp;3185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3179420 |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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)** |
| **Entertainment 2.7%** | **Entertainment 2.7%** | **Entertainment 2.7%** | **Entertainment 2.7%** | **Entertainment 2.7%** |
| Caesars Entertainment, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 4.625% | &nbsp;&nbsp;10/15/29 | 28490 | &nbsp;&nbsp; $26604970 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 7.000 | &nbsp;&nbsp;02/15/30 | 13950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14305800 |
| CCM Merger, Inc.,<br> Sr. Unsec'd. Notes, 144A | 6.375 | &nbsp;&nbsp;05/01/26 | 23044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23049818 |
| International Game Technology PLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A(a) | 5.250 | &nbsp;&nbsp;01/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;842800 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 6.250 | &nbsp;&nbsp;01/15/27 | &nbsp;&nbsp;4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4030000 |
| Jacobs Entertainment, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 6.750 | &nbsp;&nbsp;02/15/29 | &nbsp;&nbsp;9700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9239681 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 6.750 | &nbsp;&nbsp;02/15/29 | &nbsp;&nbsp;6575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6227984 |
| Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp.,<br> Sr. Sec'd. Notes, 144A | 4.875 | &nbsp;&nbsp;05/01/29 | &nbsp;&nbsp;9503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9119737 |
| Penn Entertainment, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A(a) | 4.125 | &nbsp;&nbsp;07/01/29 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;224018 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 5.625 | &nbsp;&nbsp;01/15/27 | 21783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21495234 |
| Voyager Parent LLC,<br> Sr. Sec'd. Notes, 144A | 9.250 | &nbsp;&nbsp;07/01/32 | &nbsp;&nbsp;9590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9901168 |
| Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.,<br> Gtd. Notes, 144A | 5.125 | &nbsp;&nbsp;10/01/29 | &nbsp;&nbsp;4575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4465810 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129507020 |
| **Environmental Control 0.7%** | **Environmental Control 0.7%** | **Environmental Control 0.7%** | **Environmental Control 0.7%** | **Environmental Control 0.7%** |
| GFL Environmental, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 4.000 | &nbsp;&nbsp;08/01/28 | &nbsp;&nbsp;4975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4782219 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | 4.375 | &nbsp;&nbsp;08/15/29 | 10471 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10048704 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 4.750 | &nbsp;&nbsp;06/15/29 | &nbsp;&nbsp;4500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4376250 |
| Reworld Holding Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 5.000 | &nbsp;&nbsp;09/01/30 | &nbsp;&nbsp;1365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1273172 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 4.875 | &nbsp;&nbsp;12/01/29 | 12356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11697827 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32178172 |
| **Foods 1.4%** | **Foods 1.4%** | **Foods 1.4%** | **Foods 1.4%** | **Foods 1.4%** |
| Albertson's Cos., Inc./Safeway, Inc./New Albertson's LP/Albertson's LLC,<br> Gtd. Notes, 144A | 4.625 | &nbsp;&nbsp;01/15/27 | 17200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17031210 |
| B&G Foods, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 5.250 | &nbsp;&nbsp;09/15/27 | 23876 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20917238 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 8.000 | &nbsp;&nbsp;09/15/28 | &nbsp;&nbsp;9605 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9061662 |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &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)** | **Corporate Bonds (Continued)** |
| **Foods (cont'd.)** | **Foods (cont'd.)** | **Foods (cont'd.)** | **Foods (cont'd.)** | **Foods (cont'd.)** | **Foods (cont'd.)** |
| Bellis Acquisition Co. PLC (United Kingdom),<br> Sr. Sec'd. Notes | &nbsp;&nbsp;8.125% | &nbsp;&nbsp;05/14/30 | &nbsp;&nbsp;GBP | &nbsp;&nbsp;6950 | &nbsp;&nbsp; $8661776 |
| Lamb Weston Holdings, Inc.,<br> Gtd. Notes, 144A | &nbsp;&nbsp;4.125 | &nbsp;&nbsp;01/31/30 |  | &nbsp;&nbsp;4425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4174580 |
| Post Holdings, Inc.,<br> Gtd. Notes, 144A | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;12/15/29 |  | 10010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9883725 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69730191 |
| **Gas 0.1%** | **Gas 0.1%** | **Gas 0.1%** | **Gas 0.1%** | **Gas 0.1%** | **Gas 0.1%** |
| AmeriGas Partners LP/AmeriGas Finance Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | &nbsp;&nbsp;5.750 | &nbsp;&nbsp;05/20/27 |  | &nbsp;&nbsp;4429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4327700 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;9.500 | &nbsp;&nbsp;06/01/30 |  | &nbsp;&nbsp;2780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2808010 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7135710 |
| **Healthcare-Products 1.5%** | **Healthcare-Products 1.5%** | **Healthcare-Products 1.5%** | **Healthcare-Products 1.5%** | **Healthcare-Products 1.5%** | **Healthcare-Products 1.5%** |
| Medline Borrower LP,<br> Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;3.875 | &nbsp;&nbsp;04/01/29 |  | 59730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56325776 |
| Medline Borrower LP/Medline Co-Issuer, Inc.,<br> Sr. Sec'd. Notes, 144A(a) | &nbsp;&nbsp;6.250 | &nbsp;&nbsp;04/01/29 |  | 14860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15125294 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71451070 |
| **Healthcare-Services 1.7%** | **Healthcare-Services 1.7%** | **Healthcare-Services 1.7%** | **Healthcare-Services 1.7%** | **Healthcare-Services 1.7%** | **Healthcare-Services 1.7%** |
| DaVita, Inc.,<br> Gtd. Notes, 144A | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;06/01/30 |  | 31190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29173466 |
| LifePoint Health, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;5.375 | &nbsp;&nbsp;01/15/29 |  | &nbsp;&nbsp;3775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3558611 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;8.375 | &nbsp;&nbsp;02/15/32 |  | &nbsp;&nbsp;2170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2285034 |
| MPH Acquisition Holdings LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;5.750 | &nbsp;&nbsp;12/31/30 |  | &nbsp;&nbsp;3370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2696087 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A, Cash coupon 6.500% and PIK 5.000% | 11.500 | &nbsp;&nbsp;12/31/30 |  | &nbsp;&nbsp;1760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1726525 |
| Prime Healthcare Services, Inc.,<br> Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;9.375 | &nbsp;&nbsp;09/01/29 |  | 15045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15280453 |
| Tenet Healthcare Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;06/01/29 |  | 10700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10276591 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;01/15/30 |  | 19675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18801760 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83798527 |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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)** |
| **Home Builders 4.6%** | **Home Builders 4.6%** | **Home Builders 4.6%** | **Home Builders 4.6%** | **Home Builders 4.6%** |
| Ashton Woods USA LLC/Ashton Woods Finance Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A(a) | 4.625% | &nbsp;&nbsp;08/01/29 | 20982 | &nbsp;&nbsp; $19901454 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 4.625 | &nbsp;&nbsp;04/01/30 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;938196 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 6.625 | &nbsp;&nbsp;01/15/28 | &nbsp;&nbsp;3260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3269745 |
| Beazer Homes USA, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes(a) | 5.875 | &nbsp;&nbsp;10/15/27 | 20212 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19986301 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes(a) | 7.250 | &nbsp;&nbsp;10/15/29 | &nbsp;&nbsp;6417 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6343856 |
| Brookfield Residential Properties, Inc./Brookfield<br> Residential US LLC (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 4.875 | &nbsp;&nbsp;02/15/30 | &nbsp;&nbsp;4600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4002000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 6.250 | &nbsp;&nbsp;09/15/27 | 27089 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26614943 |
| Empire Communities Corp. (Canada),<br> Sr. Unsec'd. Notes, 144A | 9.750 | &nbsp;&nbsp;05/01/29 | &nbsp;&nbsp;7870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7879838 |
| Forestar Group, Inc.,<br> Gtd. Notes, 144A | 5.000 | &nbsp;&nbsp;03/01/28 | 11400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11218528 |
| KB Home,<br> Gtd. Notes | 4.800 | &nbsp;&nbsp;11/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;735 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;714510 |
| Landsea Homes Corp.,<br> Gtd. Notes, 144A(a) | 8.875 | &nbsp;&nbsp;04/01/29 | 12915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13466837 |
| M/I Homes, Inc.,<br> Gtd. Notes | 4.950 | &nbsp;&nbsp;02/01/28 | &nbsp;&nbsp;8350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8227306 |
| Mattamy Group Corp. (Canada),<br> Sr. Unsec'd. Notes, 144A | 5.250 | &nbsp;&nbsp;12/15/27 | 33644 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33307560 |
| New Home Co., Inc. (The),<br> Sr. Unsec'd. Notes, 144A(a) | 9.250 | &nbsp;&nbsp;10/01/29 | &nbsp;&nbsp;3975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4108849 |
| Shea Homes LP/Shea Homes Funding Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes(a) | 4.750 | &nbsp;&nbsp;02/15/28 | &nbsp;&nbsp;8075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7901373 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes(a) | 4.750 | &nbsp;&nbsp;04/01/29 | &nbsp;&nbsp;4100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3926678 |
| STL Holding Co. LLC,<br> Sr. Unsec'd. Notes, 144A | 8.750 | &nbsp;&nbsp;02/15/29 | &nbsp;&nbsp;9311 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9745723 |
| Taylor Morrison Communities, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 5.750 | &nbsp;&nbsp;01/15/28 | &nbsp;&nbsp;8769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8817845 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 5.875 | &nbsp;&nbsp;06/15/27 | &nbsp;&nbsp;6681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6737113 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 6.625 | &nbsp;&nbsp;07/15/27 | &nbsp;&nbsp;1450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1432338 |
| Tri Pointe Homes, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 5.250 | &nbsp;&nbsp;06/01/27 | 21693 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21465562 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 5.700 | &nbsp;&nbsp;06/15/28 | &nbsp;&nbsp;2143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2136453 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222143008 |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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)** |
| **Household Products/Wares 0.2%** | **Household Products/Wares 0.2%** | **Household Products/Wares 0.2%** | **Household Products/Wares 0.2%** | **Household Products/Wares 0.2%** |
| ACCO Brands Corp.,<br> Gtd. Notes, 144A(a) | 4.250% | &nbsp;&nbsp;03/15/29 | 11123 | &nbsp;&nbsp; $9811777 |
| **Housewares 0.3%** | **Housewares 0.3%** | **Housewares 0.3%** | **Housewares 0.3%** | **Housewares 0.3%** |
| Newell Brands, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 6.375 | &nbsp;&nbsp;05/15/30 | &nbsp;&nbsp;7615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7168495 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 8.500 | &nbsp;&nbsp;06/01/28 | &nbsp;&nbsp;3180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3292107 |
| Scotts Miracle-Gro Co. (The),<br> Gtd. Notes | 4.375 | &nbsp;&nbsp;02/01/32 | &nbsp;&nbsp;2400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2161870 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12622472 |
| **Insurance 0.5%** | **Insurance 0.5%** | **Insurance 0.5%** | **Insurance 0.5%** | **Insurance 0.5%** |
| Acrisure LLC/Acrisure Finance, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 7.500 | &nbsp;&nbsp;11/06/30 | &nbsp;&nbsp;2585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2665479 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 8.250 | &nbsp;&nbsp;02/01/29 | &nbsp;&nbsp;9711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10044990 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 8.500 | &nbsp;&nbsp;06/15/29 | &nbsp;&nbsp;3220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3364863 |
| AmWINS Group, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 6.375 | &nbsp;&nbsp;02/15/29 | &nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3043139 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 4.875 | &nbsp;&nbsp;06/30/29 | &nbsp;&nbsp;4150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3972289 |
| AssuredPartners, Inc.,<br> Sr. Unsec'd. Notes, 144A | 5.625 | &nbsp;&nbsp;01/15/29 | &nbsp;&nbsp;1900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1897928 |
| BroadStreet Partners, Inc.,<br> Sr. Unsec'd. Notes, 144A | 5.875 | &nbsp;&nbsp;04/15/29 | &nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1180518 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26169206 |
| **Internet 0.7%** | **Internet 0.7%** | **Internet 0.7%** | **Internet 0.7%** | **Internet 0.7%** |
| Cablevision Lightpath LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 3.875 | &nbsp;&nbsp;09/15/27 | 13680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13129975 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 5.625 | &nbsp;&nbsp;09/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;193047 |
| Cogent Communications Group LLC,<br> Sr. Sec'd. Notes, 144A | 3.500 | &nbsp;&nbsp;05/01/26 | &nbsp;&nbsp;1150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1140706 |
| Gen Digital, Inc.,<br> Gtd. Notes, 144A | 6.750 | &nbsp;&nbsp;09/30/27 | &nbsp;&nbsp;4525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4601008 |
| Go Daddy Operating Co. LLC/GD Finance Co., Inc.,<br> Gtd. Notes, 144A | 5.250 | &nbsp;&nbsp;12/01/27 | 15010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14924618 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33989354 |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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)** |
| **Iron/Steel 0.9%** | **Iron/Steel 0.9%** | **Iron/Steel 0.9%** | **Iron/Steel 0.9%** | **Iron/Steel 0.9%** |
| ATI, Inc.,<br> Sr. Unsec'd. Notes(a) | 7.250% | &nbsp;&nbsp;08/15/30 | &nbsp;&nbsp;1761 | &nbsp;&nbsp; $1845073 |
| Big River Steel LLC/BRS Finance Corp.,<br> Sr. Sec'd. Notes, 144A | 6.625 | &nbsp;&nbsp;01/31/29 | 10701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10795155 |
| Cleveland-Cliffs, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | 6.750 | &nbsp;&nbsp;04/15/30 | &nbsp;&nbsp;6525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5855245 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 6.875 | &nbsp;&nbsp;11/01/29 | &nbsp;&nbsp;4985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4634382 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | 7.000 | &nbsp;&nbsp;03/15/32 | &nbsp;&nbsp;1495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1291363 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | 7.500 | &nbsp;&nbsp;09/15/31 | &nbsp;&nbsp;1465 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1316569 |
| Mineral Resources Ltd. (Australia), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A(a) | 8.125 | &nbsp;&nbsp;05/01/27 | &nbsp;&nbsp;5070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5076439 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A(a) | 9.250 | &nbsp;&nbsp;10/01/28 | &nbsp;&nbsp;9683 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9883922 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A, MTN(a) | 8.000 | &nbsp;&nbsp;11/01/27 | &nbsp;&nbsp;4783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4759085 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45457233 |
| **Leisure Time 4.7%** | **Leisure Time 4.7%** | **Leisure Time 4.7%** | **Leisure Time 4.7%** | **Leisure Time 4.7%** |
| Carnival Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 5.750 | &nbsp;&nbsp;03/01/27 | 35725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35788590 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | 5.750 | &nbsp;&nbsp;03/15/30 | &nbsp;&nbsp;5375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5368227 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | 6.000 | &nbsp;&nbsp;05/01/29 | &nbsp;&nbsp;3630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3639474 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 4.000 | &nbsp;&nbsp;08/01/28 | 15173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14702246 |
| Life Time, Inc.,<br> Sr. Sec'd. Notes, 144A | 6.000 | &nbsp;&nbsp;11/15/31 | &nbsp;&nbsp;3365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3375125 |
| Lindblad Expeditions Holdings, Inc.,<br> Sr. Sec'd. Notes, 144A | 9.000 | &nbsp;&nbsp;05/15/28 | &nbsp;&nbsp;6475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6677248 |
| Lindblad Expeditions LLC,<br> Sr. Sec'd. Notes, 144A | 6.750 | &nbsp;&nbsp;02/15/27 | 20525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20470601 |
| NCL Corp. Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 5.875 | &nbsp;&nbsp;03/15/26 | &nbsp;&nbsp;6653 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6628384 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 5.875 | &nbsp;&nbsp;02/15/27 | &nbsp;&nbsp;8816 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8804980 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 8.125 | &nbsp;&nbsp;01/15/29 | &nbsp;&nbsp;9450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9913995 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 6.250 | &nbsp;&nbsp;03/01/30 | &nbsp;&nbsp;9715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9593392 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 6.750 | &nbsp;&nbsp;02/01/32 | &nbsp;&nbsp;5840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5818100 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 7.750 | &nbsp;&nbsp;02/15/29 | &nbsp;&nbsp;8875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9328779 |
| Royal Caribbean Cruises Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 5.375 | &nbsp;&nbsp;07/15/27 | 11894 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11858318 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 5.500 | &nbsp;&nbsp;04/01/28 | 20740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20690224 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 5.625 | &nbsp;&nbsp;09/30/31 | &nbsp;&nbsp;3665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3608193 |
| Viking Cruises Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 5.875 | &nbsp;&nbsp;09/15/27 | 19560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19549829 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A(a) | 7.000 | &nbsp;&nbsp;02/15/29 | 17775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17889649 |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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)** |
| **Leisure Time (cont'd.)** | **Leisure Time (cont'd.)** | **Leisure Time (cont'd.)** | **Leisure Time (cont'd.)** | **Leisure Time (cont'd.)** |
| Viking Ocean Cruises Ship VII Ltd.,<br> Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;5.625% | &nbsp;&nbsp;02/15/29 | &nbsp;&nbsp;4000 | &nbsp;&nbsp; $3941920 |
| VOC Escrow Ltd.,<br> Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;02/15/28 | 11350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11165562 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228812836 |
| **Lodging 2.1%** | **Lodging 2.1%** | **Lodging 2.1%** | **Lodging 2.1%** | **Lodging 2.1%** |
| Boyd Gaming Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;12/01/27 | &nbsp;&nbsp;1725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1699263 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;06/15/31 | &nbsp;&nbsp;2375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2226872 |
| Hilton Domestic Operating Co., Inc.,<br> Gtd. Notes, 144A | &nbsp;&nbsp;5.875 | &nbsp;&nbsp;04/01/29 | &nbsp;&nbsp;4320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4365705 |
| MGM Resorts International, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;09/01/26 | 13602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13552548 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes(a) | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;10/15/28 | 13589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13291616 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;04/15/27 | 22250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22282877 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | &nbsp;&nbsp;6.125 | &nbsp;&nbsp;09/15/29 | &nbsp;&nbsp;4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4016242 |
| Station Casinos LLC,<br> Gtd. Notes, 144A | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;02/15/28 | &nbsp;&nbsp;6325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6136734 |
| Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.,<br> Gtd. Notes, 144A(a) | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;05/15/27 | 10800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10750004 |
| Wynn Macau Ltd. (Macau), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A(a) | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;10/01/27 | 17000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16686562 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;5.625 | &nbsp;&nbsp;08/26/28 | &nbsp;&nbsp;4962 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4775925 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99784348 |
| **Machinery-Construction & Mining 0.1%** | **Machinery-Construction & Mining 0.1%** | **Machinery-Construction & Mining 0.1%** | **Machinery-Construction & Mining 0.1%** | **Machinery-Construction & Mining 0.1%** |
| Terex Corp.,<br> Gtd. Notes, 144A | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;05/15/29 | &nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1930138 |
| Vertiv Group Corp.,<br> Sr. Sec'd. Notes, 144A(a) | &nbsp;&nbsp;4.125 | &nbsp;&nbsp;11/15/28 | &nbsp;&nbsp;2005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1942165 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3872303 |
| **Machinery-Diversified 0.7%** | **Machinery-Diversified 0.7%** | **Machinery-Diversified 0.7%** | **Machinery-Diversified 0.7%** | **Machinery-Diversified 0.7%** |
| Maxim Crane Works Holdings Capital LLC,<br> Sec'd. Notes, 144A | 11.500 | &nbsp;&nbsp;09/01/28 | &nbsp;&nbsp;9365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9636705 |
| TK Elevator US Newco, Inc. (Germany),<br> Sr. Sec'd. Notes, 144A(a) | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;07/15/27 | 26957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26701987 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36338692 |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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)** |
| **Media 3.8%** | **Media 3.8%** | **Media 3.8%** | **Media 3.8%** | **Media 3.8%** |
| CCO Holdings LLC/CCO Holdings Capital Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;5.000% | &nbsp;&nbsp;02/01/28 | &nbsp;&nbsp;1725 | &nbsp;&nbsp; $1691486 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;5.125 | &nbsp;&nbsp;05/01/27 | 34254 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33912694 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;05/01/26 | 28951 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28923439 |
| CSC Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;3.375 | &nbsp;&nbsp;02/15/31 | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131274 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;4.125 | &nbsp;&nbsp;12/01/30 | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137435 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;5.375 | &nbsp;&nbsp;02/01/28 | &nbsp;&nbsp;4950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4508469 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;04/15/27 | &nbsp;&nbsp;5071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4803576 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;12/01/30 | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92413 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;7.500 | &nbsp;&nbsp;04/01/28 | &nbsp;&nbsp;1238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;956815 |
| DISH DBS Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | &nbsp;&nbsp;5.125 | &nbsp;&nbsp;06/01/29(d) | &nbsp;&nbsp;&nbsp;&nbsp;950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;622574 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | &nbsp;&nbsp;7.375 | &nbsp;&nbsp;07/01/28 | &nbsp;&nbsp;&nbsp;&nbsp;725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;495089 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | &nbsp;&nbsp;7.750 | &nbsp;&nbsp;07/01/26 | 33600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28901491 |
| DISH Network Corp.,<br> Sr. Sec'd. Notes, 144A | 11.750 | &nbsp;&nbsp;11/15/27 | 10500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10827372 |
| Radiate Holdco LLC/Radiate Finance, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;09/15/26 | 24349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20875735 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;6.500 | &nbsp;&nbsp;09/15/28 | &nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1319747 |
| Sinclair Television Group, Inc.,<br> Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;8.125 | &nbsp;&nbsp;02/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;450449 |
| Univision Communications, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;6.625 | &nbsp;&nbsp;06/01/27 | 12490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12492928 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;8.000 | &nbsp;&nbsp;08/15/28 | 16915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16927134 |
| Virgin Media Secured Finance PLC (United Kingdom),<br> Sr. Sec'd. Notes, 144A(a) | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;05/15/29 | 14425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13992250 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182062370 |
| **Mining 1.9%** | **Mining 1.9%** | **Mining 1.9%** | **Mining 1.9%** | **Mining 1.9%** |
| Arsenal AIC Parent LLC,<br> Sr. Sec'd. Notes, 144A(a) | &nbsp;&nbsp;8.000 | &nbsp;&nbsp;10/01/30 | &nbsp;&nbsp;1750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1837395 |
| Eldorado Gold Corp. (Turkey),<br> Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;6.250 | &nbsp;&nbsp;09/01/29 | &nbsp;&nbsp;1550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1527525 |
| First Quantum Minerals Ltd. (Zambia), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;10/15/27 | &nbsp;&nbsp;9601 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9482908 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sec'd. Notes, 144A | &nbsp;&nbsp;9.375 | &nbsp;&nbsp;03/01/29 | &nbsp;&nbsp;5015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5265750 |
| Hecla Mining Co.,<br> Gtd. Notes | &nbsp;&nbsp;7.250 | &nbsp;&nbsp;02/15/28 | &nbsp;&nbsp;4975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5001163 |
| Hudbay Minerals, Inc. (Canada),<br> Gtd. Notes, 144A | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;04/01/26 | 24015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23816396 |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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)** |
| **Mining (cont'd.)** | **Mining (cont'd.)** | **Mining (cont'd.)** | **Mining (cont'd.)** | **Mining (cont'd.)** |
| New Gold, Inc. (Canada),<br> Sr. Unsec'd. Notes, 144A | 6.875% | &nbsp;&nbsp;04/01/32 | &nbsp;&nbsp;&nbsp;&nbsp;845 | &nbsp;&nbsp; $864215 |
| Novelis Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 3.250 | &nbsp;&nbsp;11/15/26 | 25674 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25183133 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 4.750 | &nbsp;&nbsp;01/30/30 | 12710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12074406 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | 6.875 | &nbsp;&nbsp;01/30/30 | &nbsp;&nbsp;3625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3738112 |
| Taseko Mines Ltd. (Canada),<br> Sr. Sec'd. Notes, 144A | 8.250 | &nbsp;&nbsp;05/01/30 | &nbsp;&nbsp;1545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1583625 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90374628 |
| **Miscellaneous Manufacturing 0.2%** | **Miscellaneous Manufacturing 0.2%** | **Miscellaneous Manufacturing 0.2%** | **Miscellaneous Manufacturing 0.2%** | **Miscellaneous Manufacturing 0.2%** |
| Axon Enterprise, Inc.,<br> Sr. Unsec'd. Notes, 144A | 6.125 | &nbsp;&nbsp;03/15/30 | &nbsp;&nbsp;3520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3588703 |
| Trinity Industries, Inc.,<br> Gtd. Notes, 144A(a) | 7.750 | &nbsp;&nbsp;07/15/28 | &nbsp;&nbsp;6635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6896942 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10485645 |
| **Oil & Gas 4.7%** | **Oil & Gas 4.7%** | **Oil & Gas 4.7%** | **Oil & Gas 4.7%** | **Oil & Gas 4.7%** |
| Aethon United BR LP/Aethon United Finance Corp.,<br> Sr. Unsec'd. Notes, 144A | 7.500 | &nbsp;&nbsp;10/01/29 | &nbsp;&nbsp;3580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3668636 |
| Alta Mesa Holdings LP/Alta Mesa Finance Services Corp.,<br> Gtd. Notes | 7.875 | &nbsp;&nbsp;12/15/24(d) | 10985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13731 |
| Ascent Resources Utica Holdings LLC/ARU Finance<br> Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 9.000 | &nbsp;&nbsp;11/01/27 | &nbsp;&nbsp;9709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11654649 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 8.250 | &nbsp;&nbsp;12/31/28 | 17658 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17924851 |
| CITGO Petroleum Corp.,<br> Sr. Sec'd. Notes, 144A(a) | 6.375 | &nbsp;&nbsp;06/15/26 | 10350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10343550 |
| Civitas Resources, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 8.375 | &nbsp;&nbsp;07/01/28 | &nbsp;&nbsp;8630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8693966 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 8.625 | &nbsp;&nbsp;11/01/30 | &nbsp;&nbsp;3850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3801681 |
| Comstock Resources, Inc.,<br> Gtd. Notes, 144A | 5.875 | &nbsp;&nbsp;01/15/30 | &nbsp;&nbsp;5300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5030967 |
| Crescent Energy Finance LLC,<br> Gtd. Notes, 144A(a) | 9.250 | &nbsp;&nbsp;02/15/28 | &nbsp;&nbsp;8485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8761515 |
| Diamond Foreign Asset Co./Diamond Finance LLC,<br> Sec'd. Notes, 144A(a) | 8.500 | &nbsp;&nbsp;10/01/30 | &nbsp;&nbsp;4725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4730906 |
| EQT Corp.,<br> Sr. Unsec'd. Notes, 144A | 7.500 | &nbsp;&nbsp;06/01/27 | 11784 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11999589 |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &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)** | **Corporate Bonds (Continued)** |
| **Oil & Gas (cont'd.)** | **Oil & Gas (cont'd.)** | **Oil & Gas (cont'd.)** | **Oil & Gas (cont'd.)** | **Oil & Gas (cont'd.)** | **Oil & Gas (cont'd.)** |
| Expand Energy Corp.,<br> Gtd. Notes | &nbsp;&nbsp;5.375% | &nbsp;&nbsp;03/15/30 |  | &nbsp;&nbsp;4030 | &nbsp;&nbsp; $4009726 |
| Hilcorp Energy I LP/Hilcorp Finance Co., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;5.750 | &nbsp;&nbsp;02/01/29 |  | 10303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9849330 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;04/15/30 |  | &nbsp;&nbsp;2750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2610541 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;6.250 | &nbsp;&nbsp;11/01/28 |  | &nbsp;&nbsp;4633 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4581394 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;8.375 | &nbsp;&nbsp;11/01/33 |  | &nbsp;&nbsp;&nbsp;&nbsp;525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;523272 |
| Nabors Industries Ltd.,<br> Gtd. Notes, 144A | &nbsp;&nbsp;7.500 | &nbsp;&nbsp;01/15/28 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58013 |
| Nabors Industries, Inc.,<br> Gtd. Notes, 144A(a) | &nbsp;&nbsp;7.375 | &nbsp;&nbsp;05/15/27 |  | 15906 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15266723 |
| New Generation Gas Gathering LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A, 3 Month SOFR + 5.750% (Cap N/A, Floor 2.000%)^ | 10.030 | &nbsp;&nbsp;09/30/29 |  | &nbsp;&nbsp;1459 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1437568 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A, 3 Month SOFR + 5.750% (Cap N/A, Floor 2.000%)^ | 10.030 | &nbsp;&nbsp;09/30/29 |  | &nbsp;&nbsp;1751 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1725081 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A, 3 Month SOFR + 5.750% (Cap N/A, Floor 2.000%)^ | 10.076 | &nbsp;&nbsp;09/30/29 |  | &nbsp;&nbsp;1459 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1437567 |
| Noble Finance II LLC,<br> Gtd. Notes, 144A | &nbsp;&nbsp;8.000 | &nbsp;&nbsp;04/15/30 |  | &nbsp;&nbsp;5950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5945352 |
| Parkland Corp. (Canada), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;10/01/29 |  | &nbsp;&nbsp;9550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9020548 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;5.875 | &nbsp;&nbsp;07/15/27 |  | 19798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19699010 |
| Permian Resources Operating LLC,<br> Gtd. Notes, 144A | &nbsp;&nbsp;8.000 | &nbsp;&nbsp;04/15/27 |  | &nbsp;&nbsp;5480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5586460 |
| Precision Drilling Corp. (Canada),<br> Gtd. Notes, 144A(a) | &nbsp;&nbsp;7.125 | &nbsp;&nbsp;01/15/26 |  | &nbsp;&nbsp;2154 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2143230 |
| Preem Holdings AB (Sweden),<br> Sr. Unsec'd. Notes | 12.000 | &nbsp;&nbsp;06/30/27 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;9360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10973216 |
| SM Energy Co.,<br> Sr. Unsec'd. Notes, 144A(a) | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;08/01/29 |  | &nbsp;&nbsp;2350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2307178 |
| Sunoco LP,<br> Gtd. Notes, 144A | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;05/01/29 |  | &nbsp;&nbsp;3410 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3522661 |
| Sunoco LP/Sunoco Finance Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;05/15/29 |  | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;717664 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;04/30/30 |  | &nbsp;&nbsp;1300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1227029 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | &nbsp;&nbsp;5.875 | &nbsp;&nbsp;03/15/28 |  | &nbsp;&nbsp;1490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1485413 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;04/15/27 |  | &nbsp;&nbsp;6575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6566255 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;09/15/28 |  | 10125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10404378 |
| Transocean, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;8.250 | &nbsp;&nbsp;05/15/29 |  | 14705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13211413 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;8.500 | &nbsp;&nbsp;05/15/31 |  | &nbsp;&nbsp;3530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3018150 |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &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)** | **Corporate Bonds (Continued)** |
| **Oil & Gas (cont'd.)** | **Oil & Gas (cont'd.)** | **Oil & Gas (cont'd.)** | **Oil & Gas (cont'd.)** | **Oil & Gas (cont'd.)** | **Oil & Gas (cont'd.)** |
| Transocean, Inc., (cont'd.) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A(a) | &nbsp;&nbsp;8.750% | &nbsp;&nbsp;02/15/30 |  | &nbsp;&nbsp;1976 | &nbsp;&nbsp; $1998526 |
| Valaris Ltd.,<br> Sec'd. Notes, 144A(a) | &nbsp;&nbsp;8.375 | &nbsp;&nbsp;04/30/30 |  | &nbsp;&nbsp;2200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2201575 |
| Vital Energy, Inc.,<br> Gtd. Notes | &nbsp;&nbsp;9.750 | &nbsp;&nbsp;10/15/30 |  | &nbsp;&nbsp;&nbsp;&nbsp;650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;573564 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228724878 |
| **Packaging & Containers 2.8%** | **Packaging & Containers 2.8%** | **Packaging & Containers 2.8%** | **Packaging & Containers 2.8%** | **Packaging & Containers 2.8%** | **Packaging & Containers 2.8%** |
| ARD Finance SA (Luxembourg),<br> Sr. Sec'd. Notes, 144A, Cash coupon 6.500% or PIK 7.250%(x) | &nbsp;&nbsp;6.500 | &nbsp;&nbsp;06/30/27 |  | &nbsp;&nbsp;3316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116060 |
| Ardagh Packaging Finance PLC/Ardagh Holdings USA,<br> Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes(x) | &nbsp;&nbsp;2.125 | &nbsp;&nbsp;08/15/26 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;4750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4930042 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A(x) | &nbsp;&nbsp;4.125 | &nbsp;&nbsp;08/15/26 |  | &nbsp;&nbsp;7453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6772914 |
| Ball Corp.,<br> Gtd. Notes | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;06/15/29 |  | &nbsp;&nbsp;8855 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9031131 |
| Clydesdale Acquisition Holdings, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;8.750 | &nbsp;&nbsp;04/15/30 |  | &nbsp;&nbsp;8710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8901789 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;04/15/32 |  | &nbsp;&nbsp;3350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3386970 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;01/15/30 |  | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;710290 |
| Graham Packaging Co., Inc.,<br> Gtd. Notes, 144A | &nbsp;&nbsp;7.125 | &nbsp;&nbsp;08/15/28 |  | &nbsp;&nbsp;4520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4435059 |
| Graphic Packaging International LLC,<br> Gtd. Notes, 144A(a) | &nbsp;&nbsp;3.500 | &nbsp;&nbsp;03/15/28 |  | &nbsp;&nbsp;3550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3371565 |
| Intelligent Packaging Ltd. Finco, Inc./Intelligent Packaging Ltd. Co-Issuer LLC (Canada),<br> Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;09/15/28 |  | 21582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21593870 |
| LABL, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;5.875 | &nbsp;&nbsp;11/01/28 |  | 10900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9311198 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;8.625 | &nbsp;&nbsp;10/01/31 |  | &nbsp;&nbsp;2645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2190490 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;9.500 | &nbsp;&nbsp;11/01/28 |  | &nbsp;&nbsp;2075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1875602 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 10.500 | &nbsp;&nbsp;07/15/27 |  | 14710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13973245 |
| Mauser Packaging Solutions Holding Co.,<br> Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;7.875 | &nbsp;&nbsp;04/15/27 |  | 15865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16018390 |
| Sealed Air Corp./Sealed Air Corp. US,<br> Gtd. Notes, 144A(a) | &nbsp;&nbsp;6.125 | &nbsp;&nbsp;02/01/28 |  | &nbsp;&nbsp;1275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1288542 |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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)** |
| **Packaging & Containers (cont'd.)** | **Packaging & Containers (cont'd.)** | **Packaging & Containers (cont'd.)** | **Packaging & Containers (cont'd.)** | **Packaging & Containers (cont'd.)** |
| Toucan FinCo Ltd./Toucan FinCo Can, Inc./Toucan FinCo US LLC (Canada),<br> Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;9.500% | &nbsp;&nbsp;05/15/30 | &nbsp;&nbsp;4925 | &nbsp;&nbsp; $4895056 |
| Trident TPI Holdings, Inc.,<br> Gtd. Notes, 144A | 12.750 | &nbsp;&nbsp;12/31/28 | 19970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20880390 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133682603 |
| **Pharmaceuticals 1.6%** | **Pharmaceuticals 1.6%** | **Pharmaceuticals 1.6%** | **Pharmaceuticals 1.6%** | **Pharmaceuticals 1.6%** |
| 1261229 BC Ltd.,<br> Sr. Sec'd. Notes, 144A | 10.000 | &nbsp;&nbsp;04/15/32 | &nbsp;&nbsp;8765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8677350 |
| AdaptHealth LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;08/01/29 | &nbsp;&nbsp;2525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2333376 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;6.125 | &nbsp;&nbsp;08/01/28 | 22891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22642838 |
| Bausch Health Cos., Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;01/30/28 | &nbsp;&nbsp;2150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1677000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;02/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;211200 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;01/30/30 | &nbsp;&nbsp;&nbsp;&nbsp;660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;379500 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;02/15/31 | &nbsp;&nbsp;&nbsp;&nbsp;630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;333900 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;6.250 | &nbsp;&nbsp;02/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109725 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;01/15/28 | &nbsp;&nbsp;3468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2826420 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;4.875 | &nbsp;&nbsp;06/01/28 | &nbsp;&nbsp;6734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5496627 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 11.000 | &nbsp;&nbsp;09/30/28 | 13683 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13075312 |
| Organon & Co./Organon Foreign Debt Co-Issuer BV, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A(a) | &nbsp;&nbsp;4.125 | &nbsp;&nbsp;04/30/28 | 12608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11842951 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;5.125 | &nbsp;&nbsp;04/30/31 | &nbsp;&nbsp;3875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3257483 |
| P&L Development LLC/PLD Finance Corp.,<br> Sr. Sec'd. Notes, 144A, Cash coupon 9.000% and PIK 3.500% or Cash coupon 12.000% | 12.000 | &nbsp;&nbsp;05/15/29 | &nbsp;&nbsp;4906 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4907261 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77770943 |
| **Pipelines 2.0%** | **Pipelines 2.0%** | **Pipelines 2.0%** | **Pipelines 2.0%** | **Pipelines 2.0%** |
| Antero Midstream Partners LP/Antero Midstream<br> Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;5.750 | &nbsp;&nbsp;03/01/27 | &nbsp;&nbsp;3230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3229860 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;5.750 | &nbsp;&nbsp;01/15/28 | &nbsp;&nbsp;3624 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3613605 |
| Blue Racer Midstream LLC/Blue Racer Finance Corp.,<br> Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;07/15/29 | &nbsp;&nbsp;2990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3088986 |
| Global Partners LP/GLP Finance Corp.,<br> Gtd. Notes | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;08/01/27 | &nbsp;&nbsp;6397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6405981 |
| Howard Midstream Energy Partners LLC,<br> Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;8.875 | &nbsp;&nbsp;07/15/28 | &nbsp;&nbsp;1775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1858538 |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &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)** | **Corporate Bonds (Continued)** |
| **Pipelines (cont'd.)** | **Pipelines (cont'd.)** | **Pipelines (cont'd.)** | **Pipelines (cont'd.)** | **Pipelines (cont'd.)** | **Pipelines (cont'd.)** |
| Rockies Express Pipeline LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;4.800% | &nbsp;&nbsp;05/15/30 |  | &nbsp;&nbsp;8795 | &nbsp;&nbsp; $8297139 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;4.950 | &nbsp;&nbsp;07/15/29 |  | &nbsp;&nbsp;2525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2439395 |
| Tallgrass Energy Partners LP/Tallgrass Energy Finance<br> Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;01/15/28 |  | &nbsp;&nbsp;3765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3739591 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;03/01/27 |  | &nbsp;&nbsp;9092 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9085502 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;7.375 | &nbsp;&nbsp;02/15/29 |  | &nbsp;&nbsp;2670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2715295 |
| Venture Global LNG, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, 144A | &nbsp;&nbsp;9.000(ff) | &nbsp;&nbsp;09/30/29(oo) |  | 16445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15567186 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A(a) | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;01/15/30 |  | &nbsp;&nbsp;5445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5426896 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;9.500 | &nbsp;&nbsp;02/01/29 |  | 24176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25803878 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A(a) | &nbsp;&nbsp;9.875 | &nbsp;&nbsp;02/01/32 |  | &nbsp;&nbsp;7555 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8048197 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99320049 |
| **Real Estate 1.3%** | **Real Estate 1.3%** | **Real Estate 1.3%** | **Real Estate 1.3%** | **Real Estate 1.3%** | **Real Estate 1.3%** |
| Five Point Operating Co. LP/Five Point Capital Corp.,<br> Gtd. Notes, 144A | 10.500(c)(cc) | &nbsp;&nbsp;01/15/28 |  | 18673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19046766 |
| Greystar Real Estate Partners LLC,<br> Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;7.750 | &nbsp;&nbsp;09/01/30 |  | &nbsp;&nbsp;&nbsp;&nbsp;550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;584444 |
| Howard Hughes Corp. (The), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;4.125 | &nbsp;&nbsp;02/01/29 |  | &nbsp;&nbsp;3624 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3404568 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;5.375 | &nbsp;&nbsp;08/01/28 |  | 38463 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37761333 |
| Hunt Cos., Inc.,<br> Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;04/15/29 |  | &nbsp;&nbsp;1775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1723992 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62521103 |
| **Real Estate Investment Trusts (REITs) 3.2%** | **Real Estate Investment Trusts (REITs) 3.2%** | **Real Estate Investment Trusts (REITs) 3.2%** | **Real Estate Investment Trusts (REITs) 3.2%** | **Real Estate Investment Trusts (REITs) 3.2%** | **Real Estate Investment Trusts (REITs) 3.2%** |
| Diversified Healthcare Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;03/01/31 |  | &nbsp;&nbsp;&nbsp;&nbsp;675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;557025 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;02/15/28 |  | &nbsp;&nbsp;1225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1122259 |
| MPT Operating Partnership LP/MPT Finance Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | &nbsp;&nbsp;0.993 | &nbsp;&nbsp;10/15/26 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;1400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1449234 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;10/15/27 |  | &nbsp;&nbsp;9055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7913024 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;8.500 | &nbsp;&nbsp;02/15/32 |  | &nbsp;&nbsp;1925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1974281 |
| Park Intermediate Holdings LLC/PK Domestic<br> Property LLC/PK Finance Co-Issuer, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;02/01/30 |  | &nbsp;&nbsp;4040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4077232 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;4.875 | &nbsp;&nbsp;05/15/29 |  | &nbsp;&nbsp;8500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8041650 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;5.875 | &nbsp;&nbsp;10/01/28 |  | &nbsp;&nbsp;6187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6091355 |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &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)** | **Corporate Bonds (Continued)** |
| **Real Estate Investment Trusts (REITs) (cont'd.)** | **Real Estate Investment Trusts (REITs) (cont'd.)** | **Real Estate Investment Trusts (REITs) (cont'd.)** | **Real Estate Investment Trusts (REITs) (cont'd.)** | **Real Estate Investment Trusts (REITs) (cont'd.)** | **Real Estate Investment Trusts (REITs) (cont'd.)** |
| RHP Hotel Properties LP/RHP Finance Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes(a) | &nbsp;&nbsp;4.750% | &nbsp;&nbsp;10/15/27 |  | 12902 | &nbsp;&nbsp; $12746414 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | &nbsp;&nbsp;6.500 | &nbsp;&nbsp;04/01/32 |  | &nbsp;&nbsp;3745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3799451 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;7.250 | &nbsp;&nbsp;07/15/28 |  | &nbsp;&nbsp;&nbsp;&nbsp;425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;437484 |
| SBA Communications Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes(a) | &nbsp;&nbsp;3.125 | &nbsp;&nbsp;02/01/29 |  | &nbsp;&nbsp;2612 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2427947 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes(a) | &nbsp;&nbsp;3.875 | &nbsp;&nbsp;02/15/27 |  | 33534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32877640 |
| Starwood Property Trust, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;01/15/27 |  | 11075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10882353 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;04/15/30 |  | &nbsp;&nbsp;&nbsp;&nbsp;775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;773730 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;6.500 | &nbsp;&nbsp;07/01/30 |  | &nbsp;&nbsp;2350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2385437 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;6.500 | &nbsp;&nbsp;10/15/30 |  | &nbsp;&nbsp;2555 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2589607 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A(a) | &nbsp;&nbsp;7.250 | &nbsp;&nbsp;04/01/29 |  | &nbsp;&nbsp;4625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4812415 |
| Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC,<br> Sr. Sec'd. Notes, 144A | 10.500 | &nbsp;&nbsp;02/15/28 |  | 39980 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42386047 |
| VICI Properties LP/VICI Note Co., Inc.,<br> Gtd. Notes, 144A | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;09/01/26 |  | 10120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10060851 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157405436 |
| **Retail 3.8%** | **Retail 3.8%** | **Retail 3.8%** | **Retail 3.8%** | **Retail 3.8%** | **Retail 3.8%** |
| 1011778 BC ULC/New Red Finance, Inc. (Canada), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sec'd. Notes, 144A(a) | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;10/15/30 |  | 11635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10700710 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sec'd. Notes, 144A | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;01/15/28 |  | &nbsp;&nbsp;7025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6820502 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;3.875 | &nbsp;&nbsp;01/15/28 |  | &nbsp;&nbsp;6732 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6515314 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A(a) | &nbsp;&nbsp;6.125 | &nbsp;&nbsp;06/15/29 |  | &nbsp;&nbsp;4210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4280012 |
| Arko Corp.,<br> Gtd. Notes, 144A | &nbsp;&nbsp;5.125 | &nbsp;&nbsp;11/15/29 |  | &nbsp;&nbsp;9750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8136948 |
| BCPE Ulysses Intermediate, Inc.,<br> Sr. Unsec'd. Notes, 144A, Cash coupon 7.750% or PIK 8.500% | &nbsp;&nbsp;7.750 | &nbsp;&nbsp;04/01/27 |  | 10275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9749369 |
| Brinker International, Inc.,<br> Gtd. Notes, 144A | &nbsp;&nbsp;8.250 | &nbsp;&nbsp;07/15/30 |  | &nbsp;&nbsp;8500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9017966 |
| Carvana Co., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A, Cash coupon 9.000% or PIK 12.000% | &nbsp;&nbsp;9.000 | &nbsp;&nbsp;12/01/28 |  | 32074 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32970012 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A, Cash coupon 11.000% or PIK 13.000% | &nbsp;&nbsp;9.000 | &nbsp;&nbsp;06/01/30 |  | 22110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23305352 |
| eG Global Finance PLC (United Kingdom), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes | 11.000 | &nbsp;&nbsp;11/30/28 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;2400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3011132 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 12.000 | &nbsp;&nbsp;11/30/28 |  | &nbsp;&nbsp;3300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3629571 |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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)** |
| **Retail (cont'd.)** | **Retail (cont'd.)** | **Retail (cont'd.)** | **Retail (cont'd.)** | **Retail (cont'd.)** |
| Fertitta Entertainment LLC/Fertitta Entertainment<br> Finance Co., Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;6.750% | &nbsp;&nbsp;01/15/30 | 11339 | &nbsp;&nbsp; $10288172 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;01/15/29 | &nbsp;&nbsp;3785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3549207 |
| Gap, Inc. (The),<br> Gtd. Notes, 144A(a) | &nbsp;&nbsp;3.625 | &nbsp;&nbsp;10/01/29 | 20950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19184725 |
| LCM Investments Holdings II LLC,<br> Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;4.875 | &nbsp;&nbsp;05/01/29 | &nbsp;&nbsp;7638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7358790 |
| Lithia Motors, Inc.,<br> Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;3.875 | &nbsp;&nbsp;06/01/29 | &nbsp;&nbsp;9550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8999153 |
| Saks Global Enterprises LLC,<br> Sr. Sec'd. Notes, 144A | 11.000 | &nbsp;&nbsp;12/15/29 | &nbsp;&nbsp;1300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;582173 |
| Sally Holdings LLC/Sally Capital, Inc.,<br> Gtd. Notes(a) | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;03/01/32 | &nbsp;&nbsp;9290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9440262 |
| Suburban Propane Partners LP/Suburban Energy Finance Corp.,<br> Sr. Unsec'd. Notes | &nbsp;&nbsp;5.875 | &nbsp;&nbsp;03/01/27 | &nbsp;&nbsp;4008 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4001451 |
| White Cap Buyer LLC,<br> Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;10/15/28 | &nbsp;&nbsp;3850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3771938 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185312759 |
| **Semiconductors 0.1%** | **Semiconductors 0.1%** | **Semiconductors 0.1%** | **Semiconductors 0.1%** | **Semiconductors 0.1%** |
| Entegris, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;04/15/28 | &nbsp;&nbsp;3725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3597451 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;04/15/29 | &nbsp;&nbsp;1900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1846175 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5443626 |
| **Software 1.0%** | **Software 1.0%** | **Software 1.0%** | **Software 1.0%** | **Software 1.0%** |
| Camelot Finance SA,<br> Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;11/01/26 | 14954 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14865622 |
| CoreWeave, Inc.,<br> Gtd. Notes, 144A | &nbsp;&nbsp;9.250 | &nbsp;&nbsp;06/01/30 | &nbsp;&nbsp;7425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7415989 |
| SS&C Technologies, Inc.,<br> Gtd. Notes, 144A | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;09/30/27 | 24250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24208835 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46490446 |
| **Telecommunications 5.0%** | **Telecommunications 5.0%** | **Telecommunications 5.0%** | **Telecommunications 5.0%** | **Telecommunications 5.0%** |
| Altice Financing SA (Luxembourg), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;01/15/28 | &nbsp;&nbsp;2425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1897563 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;9.625 | &nbsp;&nbsp;07/15/27 | &nbsp;&nbsp;2150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1881250 |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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)** |
| **Telecommunications (cont'd.)** | **Telecommunications (cont'd.)** | **Telecommunications (cont'd.)** | **Telecommunications (cont'd.)** | **Telecommunications (cont'd.)** |
| Connect Finco Sarl/Connect US Finco LLC (United Kingdom),<br> Sr. Sec'd. Notes, 144A(a) | &nbsp;&nbsp;&nbsp;&nbsp;9.000% | &nbsp;&nbsp;09/15/29 | 18296 | &nbsp;&nbsp; $17404070 |
| Digicel Group Holdings Ltd. (Jamaica), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, Series 1B14, 144A | 181.516(s) | &nbsp;&nbsp;12/31/30 | &nbsp;&nbsp;&nbsp;&nbsp;553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, Series 3B14, 144A^ | 181.519(s) | &nbsp;&nbsp;12/31/30 | &nbsp;&nbsp;&nbsp;&nbsp;364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Digicel Intermediate Holdings Ltd./Digicel International Finance Ltd./DIFL US LLC (Jamaica),<br> Sr. Sec'd. Notes, Cash coupon 9.000% and PIK 2.250% | &nbsp;&nbsp;11.250 | &nbsp;&nbsp;05/25/27 | 22220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22275948 |
| Digicel Midco Ltd./DIFL US II LLC (Jamaica),<br> Sr. Unsec'd. Notes, PIK 10.500% | &nbsp;&nbsp;10.500 | &nbsp;&nbsp;11/25/28 | 13029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12621492 |
| EchoStar Corp.,<br> Sr. Sec'd. Notes | &nbsp;&nbsp;10.750 | &nbsp;&nbsp;11/30/29(d) | &nbsp;&nbsp;3500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3519806 |
| Frontier Communications Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sec'd. Notes | &nbsp;&nbsp;&nbsp;&nbsp;5.875 | &nbsp;&nbsp;11/01/29 | &nbsp;&nbsp;1775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1793915 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sec'd. Notes, 144A | &nbsp;&nbsp;&nbsp;&nbsp;6.000 | &nbsp;&nbsp;01/15/30 | &nbsp;&nbsp;8608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8719578 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sec'd. Notes, 144A | &nbsp;&nbsp;&nbsp;&nbsp;6.750 | &nbsp;&nbsp;05/01/29 | &nbsp;&nbsp;6925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7021132 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;05/01/28 | 25737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25688144 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;&nbsp;&nbsp;5.875 | &nbsp;&nbsp;10/15/27 | 41016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41116775 |
| Iliad Holding SASU (France),<br> Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;&nbsp;&nbsp;7.000 | &nbsp;&nbsp;10/15/28 | 31557 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31951462 |
| Intelsat Jackson Holdings SA (Luxembourg),<br> Sr. Sec'd. Notes, 144A(a) | &nbsp;&nbsp;&nbsp;&nbsp;6.500 | &nbsp;&nbsp;03/15/30 | &nbsp;&nbsp;6850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6737318 |
| Level 3 Financing, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;&nbsp;&nbsp;3.750 | &nbsp;&nbsp;07/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;584742 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sec'd. Notes, 144A | &nbsp;&nbsp;&nbsp;&nbsp;4.875 | &nbsp;&nbsp;06/15/29 | 15855 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14456664 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;10.500 | &nbsp;&nbsp;04/15/29 | 19047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21468524 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;11.000 | &nbsp;&nbsp;11/15/29 | 11173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12699759 |
| Windstream Services LLC/Windstream Escrow Finance Corp.,<br> Sr. Sec'd. Notes, 144A(a) | &nbsp;&nbsp;&nbsp;&nbsp;8.250 | &nbsp;&nbsp;10/01/31 | &nbsp;&nbsp;4630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4820240 |
| Zegona Finance PLC (United Kingdom),<br> Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;&nbsp;&nbsp;8.625 | &nbsp;&nbsp;07/15/29 | &nbsp;&nbsp;6180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6576941 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;243235378 |
| **Transportation 0.6%** | **Transportation 0.6%** | **Transportation 0.6%** | **Transportation 0.6%** | **Transportation 0.6%** |
| RXO, Inc.,<br> Gtd. Notes, 144A | &nbsp;&nbsp;&nbsp;&nbsp;7.500 | &nbsp;&nbsp;11/15/27 | &nbsp;&nbsp;6345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6516333 |
| Star Leasing Co. LLC,<br> Sec'd. Notes, 144A | &nbsp;&nbsp;&nbsp;&nbsp;7.625 | &nbsp;&nbsp;02/15/30 | &nbsp;&nbsp;7125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6706637 |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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)** |
| **Transportation (cont'd.)** | **Transportation (cont'd.)** | **Transportation (cont'd.)** | **Transportation (cont'd.)** | **Transportation (cont'd.)** |
| XPO, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | &nbsp;&nbsp;7.125% | &nbsp;&nbsp;06/01/31 | &nbsp;&nbsp;&nbsp;&nbsp;625 | &nbsp;&nbsp; $648186 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | &nbsp;&nbsp;7.125 | &nbsp;&nbsp;02/01/32 | &nbsp;&nbsp;1380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1433596 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;6.250 | &nbsp;&nbsp;06/01/28 | 14875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15032222 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30336974 |
| **Total Corporate Bonds<br> (cost $3,899,489,238)** | **Total Corporate Bonds<br> (cost $3,899,489,238)** | **Total Corporate Bonds<br> (cost $3,899,489,238)** | **Total Corporate Bonds<br> (cost $3,899,489,238)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3911277084 |
| **Floating Rate and Other Loans 11.7%** | **Floating Rate and Other Loans 11.7%** | **Floating Rate and Other Loans 11.7%** | **Floating Rate and Other Loans 11.7%** | **Floating Rate and Other Loans 11.7%** |
| **Airlines 0.1%** | **Airlines 0.1%** | **Airlines 0.1%** | **Airlines 0.1%** | **Airlines 0.1%** |
| Vista Management Holding, Inc.,<br> Initial Term Loan, 3 Month SOFR + 3.750% | &nbsp;&nbsp;8.048(c) | &nbsp;&nbsp;04/01/31 | &nbsp;&nbsp;2675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2675000 |
| **Auto Parts & Equipment 1.2%** | **Auto Parts & Equipment 1.2%** | **Auto Parts & Equipment 1.2%** | **Auto Parts & Equipment 1.2%** | **Auto Parts & Equipment 1.2%** |
| Clarios Global LP, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 Term B Loan, 1 Month SOFR + 2.500% | &nbsp;&nbsp;6.827(c) | &nbsp;&nbsp;05/06/30 | 11427 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11359973 |
| &nbsp;&nbsp;&nbsp;&nbsp;Amendment No. 6 Dollar Term Loan, 1 Month SOFR + 2.750% | &nbsp;&nbsp;7.077(c) | &nbsp;&nbsp;01/28/32 | &nbsp;&nbsp;8375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8343594 |
| First Brands Group LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 First Lien Term Loan, 3 Month SOFR + 5.262% | &nbsp;&nbsp;9.541(c) | &nbsp;&nbsp;03/30/27 | 20722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19970428 |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 Second Lien Term Loan, 3 Month SOFR + 8.762% | 13.041(c) | &nbsp;&nbsp;03/30/28 | 11098 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9988200 |
| Tenneco, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Term A Loan, 1 Month SOFR + 4.850% | &nbsp;&nbsp;9.173(c) | &nbsp;&nbsp;11/17/28 | &nbsp;&nbsp;3730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3597458 |
| &nbsp;&nbsp;&nbsp;&nbsp;Term B Loan, 3 Month SOFR + 5.100% | &nbsp;&nbsp;9.411(c) | &nbsp;&nbsp;11/17/28 | &nbsp;&nbsp;4600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4452142 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57711795 |
| **Building Materials 0.1%** | **Building Materials 0.1%** | **Building Materials 0.1%** | **Building Materials 0.1%** | **Building Materials 0.1%** |
| Eco Material Technologies, Inc.,<br> Initial Term Loan, 6 Month SOFR + 3.250% | &nbsp;&nbsp;7.467(c) | &nbsp;&nbsp;02/12/32 | &nbsp;&nbsp;4038 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4017810 |
| Quikrete Holdings, Inc.,<br> Tranche B-3 Term Loan, 1 Month SOFR + 2.250% | &nbsp;&nbsp;6.577(c) | &nbsp;&nbsp;02/10/32 | &nbsp;&nbsp;2075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2066354 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6084164 |
| **Chemicals 0.9%** | **Chemicals 0.9%** | **Chemicals 0.9%** | **Chemicals 0.9%** | **Chemicals 0.9%** |
| Consolidated Energy Finance SA (Switzerland),<br> 2024 Incremental Term,Loan, 3 Month SOFR + 4.500% | &nbsp;&nbsp;8.833(c) | &nbsp;&nbsp;11/15/30 | &nbsp;&nbsp;9107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8480683 |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** |
| **Chemicals (cont'd.)** | **Chemicals (cont'd.)** | **Chemicals (cont'd.)** | **Chemicals (cont'd.)** | **Chemicals (cont'd.)** |
| Iris Holdings Ltd.,<br> Initial Term Loan, 3 Month SOFR + 4.850% | &nbsp;&nbsp;9.130 %(c) | &nbsp;&nbsp;06/28/28 | &nbsp;&nbsp;5294 | &nbsp;&nbsp; $5057439 |
| TPC Group, Inc.,<br> Initial Term Loan, 6 Month SOFR + 5.750%^ | &nbsp;&nbsp;9.952(c) | &nbsp;&nbsp;12/16/31 | 12675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11977875 |
| Venator Finance Sarl, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Initial First Out Term Loan, 3 Month SOFR + 2.000%^ | &nbsp;&nbsp;6.308(c) | &nbsp;&nbsp;12/31/25 | &nbsp;&nbsp;5337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5283508 |
| &nbsp;&nbsp;&nbsp;&nbsp;Term Loan | &nbsp;&nbsp;&nbsp;&nbsp;—(p) | &nbsp;&nbsp;10/12/28 | &nbsp;&nbsp;7609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6277196 |
| Venator Materials LLC,<br> First Out Term B Loan, 3 Month SOFR + 10.000%^ | 15.299(c) | &nbsp;&nbsp;07/16/26 | &nbsp;&nbsp;5366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5312468 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42389169 |
| **Commercial Services 1.0%** | **Commercial Services 1.0%** | **Commercial Services 1.0%** | **Commercial Services 1.0%** | **Commercial Services 1.0%** |
| Boost Newco Borrower LLC,<br> Term B-2 Loan, 3 Month SOFR + 2.000% | &nbsp;&nbsp;6.299(c) | &nbsp;&nbsp;01/31/31 | 12987 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12982955 |
| Cimpress PLC (Ireland),<br> 2024-2 RefinancingTranche B-1, 1 Month SOFR + 2.500% | &nbsp;&nbsp;6.827(c) | &nbsp;&nbsp;05/17/28 | &nbsp;&nbsp;6932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6897494 |
| Mavis Tire Express Services Topco Corp.,<br> 2025 First Lien Incremental Term Loan, 3 Month SOFR + 3.000% | &nbsp;&nbsp;7.333(c) | &nbsp;&nbsp;05/04/28 | 13320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13198249 |
| MPH Acquisition Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;First Out Term Loan, 3 Month SOFR + 3.750% | &nbsp;&nbsp;8.030(c) | &nbsp;&nbsp;12/31/30 | &nbsp;&nbsp;3473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3411756 |
| &nbsp;&nbsp;&nbsp;&nbsp;Second Out Term Loan, 3 Month SOFR + 4.862% | &nbsp;&nbsp;9.141(c) | &nbsp;&nbsp;12/31/30 | &nbsp;&nbsp;4755 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4148556 |
| TransUnion Intermediate Holdings, Inc.,<br> Term B-9 Loan, 1 Month SOFR + 1.750% | &nbsp;&nbsp;6.077(c) | &nbsp;&nbsp;06/24/31 | &nbsp;&nbsp;9626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9617622 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50256632 |
| **Computers 0.9%** | **Computers 0.9%** | **Computers 0.9%** | **Computers 0.9%** | **Computers 0.9%** |
| McAfee Corp.,<br> Refinancing Tranche B-1, 1 Month SOFR + 3.000% | &nbsp;&nbsp;7.329(c) | &nbsp;&nbsp;03/01/29 | 35016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33562416 |
| NCR Atleos Corp.,<br> Term B Loan, 3 Month SOFR + 3.750% | &nbsp;&nbsp;8.030(c) | &nbsp;&nbsp;04/16/29 | &nbsp;&nbsp;6927 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6949446 |
| NCR Atleos LLC,<br> Term A Loan, 1 Month SOFR + 2.750%^ | &nbsp;&nbsp;6.786(c) | &nbsp;&nbsp;10/16/28 | &nbsp;&nbsp;2147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2120452 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42632314 |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** |
| **Distribution/Wholesale 0.1%** | **Distribution/Wholesale 0.1%** | **Distribution/Wholesale 0.1%** | **Distribution/Wholesale 0.1%** | **Distribution/Wholesale 0.1%** |
| Windsor Holdings III LLC,<br> 2025 Refinanced Term B Loan, 1 Month SOFR + 2.750% | &nbsp;&nbsp;7.075 %(c) | &nbsp;&nbsp;08/01/30 | &nbsp;&nbsp;4049 | &nbsp;&nbsp; $4029973 |
| **Electric 0.1%** | **Electric 0.1%** | **Electric 0.1%** | **Electric 0.1%** | **Electric 0.1%** |
| Calpine Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 Facility Term Loan | &nbsp;&nbsp;6.077(c) | &nbsp;&nbsp;02/15/32 | &nbsp;&nbsp;&nbsp;&nbsp;377 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;376173 |
| &nbsp;&nbsp;&nbsp;&nbsp;Term B-10 | &nbsp;&nbsp;&nbsp;&nbsp;—(p) | &nbsp;&nbsp;01/31/31 | &nbsp;&nbsp;1370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1367849 |
| Heritage Power LLC,<br> Term Loan, 3 Month SOFR + 5.500%^ | &nbsp;&nbsp;9.799(c) | &nbsp;&nbsp;07/20/28 | &nbsp;&nbsp;1173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1155299 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2899321 |
| **Electronics 0.1%** | **Electronics 0.1%** | **Electronics 0.1%** | **Electronics 0.1%** | **Electronics 0.1%** |
| Likewize Corp.,<br> Closing Date Term Loan, 3 Month SOFR + 5.750% | 10.027(c) | &nbsp;&nbsp;08/15/29 | &nbsp;&nbsp;4444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4266000 |
| **Environmental Control 0.0%** | **Environmental Control 0.0%** | **Environmental Control 0.0%** | **Environmental Control 0.0%** | **Environmental Control 0.0%** |
| GFL Environmental, Inc.,<br> Initial Term Loan, 3 Month SOFR + 2.500% | &nbsp;&nbsp;6.819(c)(p) | &nbsp;&nbsp;03/03/32 | &nbsp;&nbsp;1325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1318375 |
| **Forest Products & Paper 0.1%** | **Forest Products & Paper 0.1%** | **Forest Products & Paper 0.1%** | **Forest Products & Paper 0.1%** | **Forest Products & Paper 0.1%** |
| Magnera Corp.,<br> New Term Loan, 3 Month SOFR + 4.250% | &nbsp;&nbsp;8.583(c) | &nbsp;&nbsp;11/04/31 | &nbsp;&nbsp;4140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4007674 |
| **Healthcare-Services 0.0%** | **Healthcare-Services 0.0%** | **Healthcare-Services 0.0%** | **Healthcare-Services 0.0%** | **Healthcare-Services 0.0%** |
| LifePoint Health, Inc.,<br> Term B Loan, 3 Month SOFR + 3.750% | &nbsp;&nbsp;8.006(c) | &nbsp;&nbsp;05/16/31 | &nbsp;&nbsp;1072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1057300 |
| **Holding Companies-Diversified 0.3%** | **Holding Companies-Diversified 0.3%** | **Holding Companies-Diversified 0.3%** | **Holding Companies-Diversified 0.3%** | **Holding Companies-Diversified 0.3%** |
| Clue OpCo LLC,<br> Term B Loan, 3 Month SOFR + 4.500% | &nbsp;&nbsp;8.780(c) | &nbsp;&nbsp;12/19/30 | 17505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17160553 |
| **Insurance 1.7%** | **Insurance 1.7%** | **Insurance 1.7%** | **Insurance 1.7%** | **Insurance 1.7%** |
| Acrisure LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 Repricing Term B-6 Loan, 1 Month SOFR + 3.000% | &nbsp;&nbsp;7.327(c) | &nbsp;&nbsp;11/06/30 | 20475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20321257 |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 Term B-1 Loan, 1 Month SOFR + 2.750% | &nbsp;&nbsp;7.077(c) | &nbsp;&nbsp;02/13/27 | 18567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18528421 |
| Assured Partners, Inc.,<br> 2024 Term Loan, 1 Month SOFR + 3.500% | &nbsp;&nbsp;7.827(c) | &nbsp;&nbsp;02/14/31 | &nbsp;&nbsp;1625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1626778 |
| Asurion LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;New B-08 Term Loan, 1 Month SOFR + 3.364% | &nbsp;&nbsp;7.691(c) | &nbsp;&nbsp;12/23/26 | &nbsp;&nbsp;8727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8717365 |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** |
| **Insurance (cont'd.)** | **Insurance (cont'd.)** | **Insurance (cont'd.)** | **Insurance (cont'd.)** | **Insurance (cont'd.)** | **Insurance (cont'd.)** |
| Asurion LLC, (cont'd.) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;New B-12 Term Loan, 1 Month SOFR + 4.250% | &nbsp;&nbsp;8.577 %(c) | &nbsp;&nbsp;09/19/30 |  | 31078 | &nbsp;&nbsp; $30705511 |
| &nbsp;&nbsp;&nbsp;&nbsp;New B-9 Term Loan, 1 Month SOFR + 3.364% | &nbsp;&nbsp;7.691(c) | &nbsp;&nbsp;07/31/27 |  | &nbsp;&nbsp;1992 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1979135 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81878467 |
| **Internet 0.0%** | **Internet 0.0%** | **Internet 0.0%** | **Internet 0.0%** | **Internet 0.0%** | **Internet 0.0%** |
| Cablevision Lightpath LLC,<br> 2025 Refinancing Term Loan, 1 Month SOFR + 3.000% | &nbsp;&nbsp;7.329(c) | &nbsp;&nbsp;11/30/27 |  | &nbsp;&nbsp;&nbsp;&nbsp;336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;335793 |
| Diamond Sports Net LLC,<br> First Lien Exit Term Loan | 15.000 | &nbsp;&nbsp;01/02/28 |  | &nbsp;&nbsp;&nbsp;&nbsp;581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;521635 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;857428 |
| **Investment Companies 0.2%** | **Investment Companies 0.2%** | **Investment Companies 0.2%** | **Investment Companies 0.2%** | **Investment Companies 0.2%** | **Investment Companies 0.2%** |
| Hurricane CleanCo Ltd. (United Kingdom),<br> Facility A, 3 Month LIBOR + 6.250% (Cap N/A, Floor 0.000%)^ | 12.500(c)(p) | &nbsp;&nbsp;10/31/29 |  | &nbsp;&nbsp;8128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11279401 |
| **Leisure Time 0.2%** | **Leisure Time 0.2%** | **Leisure Time 0.2%** | **Leisure Time 0.2%** | **Leisure Time 0.2%** | **Leisure Time 0.2%** |
| International Park Holdings BV (Netherlands),<br> 2025 Facility B, 6 Month EURIBOR + 5.500%^ | &nbsp;&nbsp;8.099(c) | &nbsp;&nbsp;01/30/32 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;9350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10383490 |
| **Media 1.4%** | **Media 1.4%** | **Media 1.4%** | **Media 1.4%** | **Media 1.4%** | **Media 1.4%** |
| Altice Financing SA (Luxembourg),<br> 2022 Dollar Loan, 3 Month SOFR + 5.000%^ | &nbsp;&nbsp;9.256(c) | &nbsp;&nbsp;10/31/27 |  | &nbsp;&nbsp;5085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4156967 |
| CSC Holdings LLC,<br> 2022 Refinancing Term Loan, 1 Month SOFR + 4.500% | &nbsp;&nbsp;8.829(c) | &nbsp;&nbsp;01/18/28 |  | 36350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35668260 |
| Radiate Holdco LLC,<br> Amendment No. 6 Term Loan, 1 Month SOFR + 3.364% | &nbsp;&nbsp;7.691(c) | &nbsp;&nbsp;09/25/26 |  | 19042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16699727 |
| Virgin Media Bristol LLC,<br> Facility Q Advance, 1 Month SOFR + 3.364% | &nbsp;&nbsp;7.693(c) | &nbsp;&nbsp;01/31/29 |  | 10725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10566806 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67091760 |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** |
| **Metal Fabricate/Hardware 0.4%** | **Metal Fabricate/Hardware 0.4%** | **Metal Fabricate/Hardware 0.4%** | **Metal Fabricate/Hardware 0.4%** | **Metal Fabricate/Hardware 0.4%** |
| Doncasters US Finance LLC (United Kingdom), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 Term Loan, 3 Month SOFR + 6.500%^ | 10.799 %(c) | &nbsp;&nbsp;04/23/30 | &nbsp;&nbsp;1200 | &nbsp;&nbsp; $1185000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Initial Term Loan, 3 Month SOFR + 6.500%^ | 10.799(c) | &nbsp;&nbsp;04/23/30 | 17835 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17611914 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18796914 |
| **Oil & Gas 0.0%** | **Oil & Gas 0.0%** | **Oil & Gas 0.0%** | **Oil & Gas 0.0%** | **Oil & Gas 0.0%** |
| Hilcorp Energy I LP,<br> Term B Loan, 1 Month SOFR + 2.000% | &nbsp;&nbsp;6.333(c) | &nbsp;&nbsp;02/11/30 | &nbsp;&nbsp;2525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2515531 |
| **Packaging & Containers 0.6%** | **Packaging & Containers 0.6%** | **Packaging & Containers 0.6%** | **Packaging & Containers 0.6%** | **Packaging & Containers 0.6%** |
| Trident TPI Holdings, Inc.,<br> Tranche B-7 Term Loan, 3 Month SOFR + 3.750% | &nbsp;&nbsp;8.049(c) | &nbsp;&nbsp;09/15/28 | 28070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27122381 |
| **Retail 0.3%** | **Retail 0.3%** | **Retail 0.3%** | **Retail 0.3%** | **Retail 0.3%** |
| Foundation Building Materials, Inc.,<br> 2025 Incremental Term Loan, 2 Month SOFR + 5.250% | &nbsp;&nbsp;9.548(c) | &nbsp;&nbsp;01/29/31 | &nbsp;&nbsp;&nbsp;&nbsp;950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;894187 |
| Great Outdoors Group LLC,<br> Term B-3 Loan, 1 Month SOFR + 3.250% | &nbsp;&nbsp;7.577(c) | &nbsp;&nbsp;01/23/32 | &nbsp;&nbsp;6331 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6259513 |
| LBM Acquisition LLC,<br> First Lien Initial Term Loan, 1 Month SOFR + 3.850% | &nbsp;&nbsp;8.177(c) | &nbsp;&nbsp;12/17/27 | &nbsp;&nbsp;6879 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6603610 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13757310 |
| **Software 0.8%** | **Software 0.8%** | **Software 0.8%** | **Software 0.8%** | **Software 0.8%** |
| AthenaHealth Group, Inc.,<br> Initial Term Loan, 1 Month SOFR + 3.000% | &nbsp;&nbsp;7.327(c) | &nbsp;&nbsp;02/15/29 | 11082 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11023962 |
| BMC Software, Inc.,<br> 2031 Replacement Dollar Term Loan, 3 Month SOFR + 3.000% | &nbsp;&nbsp;7.333(c) | &nbsp;&nbsp;07/30/31 | &nbsp;&nbsp;9916 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9839133 |
| Dun & Bradstreet Corp. (The),<br> Incremental Term B-2, 1 Month SOFR + 2.250% | &nbsp;&nbsp;6.575(c) | &nbsp;&nbsp;01/18/29 | &nbsp;&nbsp;9341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9335989 |
| Skillsoft Finance II, Inc.,<br> Initial Term Loan, 1 Month SOFR + 5.364% | &nbsp;&nbsp;9.693(c) | &nbsp;&nbsp;07/14/28 | 10150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8906841 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39105925 |
| **Telecommunications 1.2%** | **Telecommunications 1.2%** | **Telecommunications 1.2%** | **Telecommunications 1.2%** | **Telecommunications 1.2%** |
| Connect Finco Sarl (United Kingdom),<br> Amendment No. 1 Term Loan, 1 Month SOFR + 3.500% | &nbsp;&nbsp;7.827(c) | &nbsp;&nbsp;12/11/26 | &nbsp;&nbsp;7042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7005033 |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** |
| **Telecommunications (cont'd.)** | **Telecommunications (cont'd.)** | **Telecommunications (cont'd.)** | **Telecommunications (cont'd.)** | **Telecommunications (cont'd.)** |
| Digicel International Finance Ltd. (Jamaica),<br> Initial Term Loan, 3 Month SOFR + 7.500% | 11.780 %(c) | &nbsp;&nbsp;05/25/27 | &nbsp;&nbsp;8063 | &nbsp;&nbsp; $8009483 |
| Level 3 Financing, Inc.,<br> Term B-3 Loan, 1 Month SOFR + 4.250% | &nbsp;&nbsp;8.577(c) | &nbsp;&nbsp;03/27/32 | &nbsp;&nbsp;3625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3644031 |
| Lumen Technologies, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Term B-1 Loan, 1 Month SOFR + 2.464% | &nbsp;&nbsp;6.791(c) | &nbsp;&nbsp;04/15/29 | 10371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10263019 |
| &nbsp;&nbsp;&nbsp;&nbsp;Term B-2 Loan, 1 Month SOFR + 2.464% | &nbsp;&nbsp;6.786(c) | &nbsp;&nbsp;04/15/30 | &nbsp;&nbsp;2360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2334434 |
| MLN US HoldCo LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3L Term B Loan^ | 17.750 | &nbsp;&nbsp;10/18/27(d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10 |
| &nbsp;&nbsp;&nbsp;&nbsp;Initial Term Loan^ | 14.940 | &nbsp;&nbsp;10/18/27(d) | &nbsp;&nbsp;&nbsp;&nbsp;244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244 |
| &nbsp;&nbsp;&nbsp;&nbsp;Initial Term Loan (Second Out (First Lien Roll-Up))^ | 15.200 | &nbsp;&nbsp;10/18/27(d) | &nbsp;&nbsp;&nbsp;&nbsp;552 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1380 |
| Viasat, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Initial Term Loan, 1 Month SOFR + 4.614% | &nbsp;&nbsp;8.940(c) | &nbsp;&nbsp;05/30/30 | &nbsp;&nbsp;2893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2693065 |
| &nbsp;&nbsp;&nbsp;&nbsp;Initial Term Loan, 1 Month SOFR + 4.614% | &nbsp;&nbsp;8.941(c) | &nbsp;&nbsp;03/02/29 | &nbsp;&nbsp;6627 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6265661 |
| Windstream Services LLC,<br> 2024 Term Loan, 1 Month SOFR + 4.850%^ | &nbsp;&nbsp;9.177(c) | &nbsp;&nbsp;10/01/31 | &nbsp;&nbsp;6500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6516250 |
| Xplore, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Initial Term Loan, 3 Month SOFR + 5.262% | &nbsp;&nbsp;9.594(c) | &nbsp;&nbsp;10/24/29 | &nbsp;&nbsp;2327 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2225828 |
| &nbsp;&nbsp;&nbsp;&nbsp;Second Out Term Loan, 3 Month SOFR + 1.762%^ | &nbsp;&nbsp;6.094(c) | &nbsp;&nbsp;10/24/31 | &nbsp;&nbsp;9161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7122476 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56080914 |
| **Total Floating Rate and Other Loans<br> (cost $571,656,356)** | **Total Floating Rate and Other Loans<br> (cost $571,656,356)** | **Total Floating Rate and Other Loans<br> (cost $571,656,356)** | **Total Floating Rate and Other Loans<br> (cost $571,656,356)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;565357791 |
| **Sovereign Bonds 0.0%** | **Sovereign Bonds 0.0%** | **Sovereign Bonds 0.0%** | **Sovereign Bonds 0.0%** | **Sovereign Bonds 0.0%** |
| Ecuador Government International Bond (Ecuador), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;6.608(s) | &nbsp;&nbsp;07/31/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57620 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;07/31/40 | &nbsp;&nbsp;&nbsp;&nbsp;125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66899 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;07/31/35 | &nbsp;&nbsp;&nbsp;&nbsp;417 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;258710 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;6.900 | &nbsp;&nbsp;07/31/30 | &nbsp;&nbsp;&nbsp;&nbsp;239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185467 |
| **Total Sovereign Bonds<br> (cost $718,723)** | **Total Sovereign Bonds<br> (cost $718,723)** | **Total Sovereign Bonds<br> (cost $718,723)** | **Total Sovereign Bonds<br> (cost $718,723)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;568696 |
| **U.S. Treasury Obligations 1.4%** | **U.S. Treasury Obligations 1.4%** | **U.S. Treasury Obligations 1.4%** | **U.S. Treasury Obligations 1.4%** | **U.S. Treasury Obligations 1.4%** |
| U.S. Treasury Notes(k) | &nbsp;&nbsp;3.500 | &nbsp;&nbsp;09/30/26 | &nbsp;&nbsp;1887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1873953 |
| U.S. Treasury Notes(k) | &nbsp;&nbsp;4.125 | &nbsp;&nbsp;10/31/26 | &nbsp;&nbsp;9165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9176456 |
| U.S. Treasury Notes(h) | &nbsp;&nbsp;4.125 | &nbsp;&nbsp;01/31/27 | &nbsp;&nbsp;6200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6215016 |
| U.S. Treasury Notes(k) | &nbsp;&nbsp;4.125 | &nbsp;&nbsp;11/15/27 | 41700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41931305 |
| U.S. Treasury Notes(k) | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;11/30/26 | &nbsp;&nbsp;2580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2588969 |
| U.S. Treasury Notes(k) | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;12/31/26 | &nbsp;&nbsp;3200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3212250 |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **U.S. Treasury Obligations (Continued)** | **U.S. Treasury Obligations (Continued)** | **U.S. Treasury Obligations (Continued)** | **U.S. Treasury Obligations (Continued)** | **U.S. Treasury Obligations (Continued)** |
| U.S. Treasury Notes(k) | 4.875% | &nbsp;&nbsp;05/31/26 | 4489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $4519511 |
| **Total U.S. Treasury Obligations<br> (cost $69,102,264)** | **Total U.S. Treasury Obligations<br> (cost $69,102,264)** | **Total U.S. Treasury Obligations<br> (cost $69,102,264)** | **Total U.S. Treasury Obligations<br> (cost $69,102,264)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69517460 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Shares** |  |  |
| **Affiliated Exchange-Traded Fund 1.0%** | **Affiliated Exchange-Traded Fund 1.0%** | **Affiliated Exchange-Traded Fund 1.0%** | **Affiliated Exchange-Traded Fund 1.0%** | **Affiliated Exchange-Traded Fund 1.0%** |
| PGIM AAA CLO ETF<br> (cost $47,374,565)(wa) | PGIM AAA CLO ETF<br> (cost $47,374,565)(wa) |  | &nbsp;&nbsp;925000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47545000 |
| **Common Stocks 1.1%** | **Common Stocks 1.1%** | **Common Stocks 1.1%** | **Common Stocks 1.1%** | **Common Stocks 1.1%** |
| **Chemicals 0.3%** | **Chemicals 0.3%** | **Chemicals 0.3%** | **Chemicals 0.3%** | **Chemicals 0.3%** |
| Cornerstone Chemical Co.\*^ |  | 144561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1113120 |  |
| TPC Group, Inc.\*^ |  | 319092 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6381840 |  |
| Venator Materials PLC\*^(x) |  | &nbsp;&nbsp;26944 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5388800 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12883760 |  |
| **Electric Utilities 0.0%** | **Electric Utilities 0.0%** | **Electric Utilities 0.0%** | **Electric Utilities 0.0%** | **Electric Utilities 0.0%** |
| GenOn Energy Holdings, Inc. (Class A Stock)\*^(x) |  | &nbsp;&nbsp;41315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1239450 |  |
| **Gas Utilities 0.3%** | **Gas Utilities 0.3%** | **Gas Utilities 0.3%** | **Gas Utilities 0.3%** | **Gas Utilities 0.3%** |
| Ferrellgas Partners LP (Class B Stock)\*(x) |  | 100126 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13006688 |  |
| **Interactive Media & Services 0.0%** | **Interactive Media & Services 0.0%** | **Interactive Media & Services 0.0%** | **Interactive Media & Services 0.0%** | **Interactive Media & Services 0.0%** |
| Diamond Sports Group LLC\* |  | &nbsp;&nbsp;87655 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1245402 |  |
| **Oil, Gas & Consumable Fuels 0.4%** | **Oil, Gas & Consumable Fuels 0.4%** | **Oil, Gas & Consumable Fuels 0.4%** | **Oil, Gas & Consumable Fuels 0.4%** | **Oil, Gas & Consumable Fuels 0.4%** |
| Expand Energy Corp. |  | &nbsp;&nbsp;45874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5327348 |  |
| Heritage Power LLC\*(x) |  | 217638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12350957 |  |
| Heritage Power LLC\*(x) |  | &nbsp;&nbsp;&nbsp;&nbsp;6933 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;393448 |  |
| Heritage Power LLC\*^(x) |  | 181423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90712 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18162465 |  |
| **Wireless Telecommunication Services 0.1%** | **Wireless Telecommunication Services 0.1%** | **Wireless Telecommunication Services 0.1%** | **Wireless Telecommunication Services 0.1%** | **Wireless Telecommunication Services 0.1%** |
| Digicel International Finance Ltd. (Jamaica)\* |  | 475786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3330502 |  |
| Intelsat Emergence SA (Luxembourg)\* |  | &nbsp;&nbsp;65330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2705087 |  |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| **Common Stocks (Continued)** | **Common Stocks (Continued)** | **Common Stocks (Continued)** |
| **Wireless Telecommunication Services (cont'd.)** | **Wireless Telecommunication Services (cont'd.)** | **Wireless Telecommunication Services (cont'd.)** |
| Stonepeak Falcon Holdings, Inc. (Canada)\* | 768379 | &nbsp;&nbsp; $1817735 |
| Stonepeak Falcon Holdings, Inc. (Canada), CVR\*^ | &nbsp;&nbsp;41149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7853328 |
| **Total Common Stocks<br> (cost $74,990,975)** | **Total Common Stocks<br> (cost $74,990,975)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54391093 |
| **Preferred Stocks 0.0%** | **Preferred Stocks 0.0%** | **Preferred Stocks 0.0%** |
| **Electronic Equipment, Instruments & Components 0.0%** | **Electronic Equipment, Instruments & Components 0.0%** | **Electronic Equipment, Instruments & Components 0.0%** |
| Ferrellgas Escrow LLC, 8.956%, Maturing 03/30/31^(x) | &nbsp;&nbsp;&nbsp;&nbsp;1125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1125000 |
| **Wireless Telecommunication Services 0.0%** | **Wireless Telecommunication Services 0.0%** | **Wireless Telecommunication Services 0.0%** |
| Digicel International Finance Ltd. (Jamaica)\*^ | &nbsp;&nbsp;31025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;361416 |
| **Total Preferred Stocks<br> (cost $1,245,951)** | **Total Preferred Stocks<br> (cost $1,245,951)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1486416 |

---

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**Units** |  |
| **Warrants\* 0.0%** | **Warrants\* 0.0%** | **Warrants\* 0.0%** |
| **Interactive Media & Services** | **Interactive Media & Services** | **Interactive Media & Services** |
| Diamond Sports Group LLC, expiring 06/30/26<br> (cost $0) | 163947 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43069 |
| **Total Long-Term Investments<br> (cost $4,766,363,790)** | **Total Long-Term Investments<br> (cost $4,766,363,790)** | &nbsp;&nbsp;&nbsp;&nbsp;4752146964 |

---

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**Shares** |  |
| **Short-Term Investments 5.5%** | **Short-Term Investments 5.5%** | **Short-Term Investments 5.5%** |
| **Affiliated Mutual Funds** |  |  |
| PGIM Core Government Money Market Fund (7-day effective yield 4.462%)(wa) | &nbsp;&nbsp;&nbsp;81710129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81710129 |
| PGIM Institutional Money Market Fund (7-day effective yield 4.496%)<br> (cost $185,207,332; includes $184,325,343 of cash collateral for securities on loan)(b)(wa) | &nbsp;&nbsp;185351495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185203213 |
| **Total Short-Term Investments<br> (cost $266,917,461)** | **Total Short-Term Investments<br> (cost $266,917,461)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;266913342 |
| **TOTAL INVESTMENTS, BEFORE OPTIONS WRITTEN 103.4%<br> (cost $5,033,281,251)** |  | &nbsp;&nbsp;&nbsp;&nbsp;5019060306 |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | |
|:---|:---|
| **Description** | &nbsp;&nbsp;**Value** |
| **Options Written\*~ (0.0)%** | **Options Written\*~ (0.0)%** |
| &nbsp;&nbsp;&nbsp;&nbsp;(premiums received $125,976) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(15467) |
| **TOTAL INVESTMENTS, NET OF OPTIONS WRITTEN 103.4%<br> (cost $5,033,155,275)** | &nbsp;&nbsp;&nbsp;&nbsp;5019044839 |
| Liabilities in excess of other assets(z) (3.4)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(166517397) |
| **Net Assets 100.0%** | &nbsp;&nbsp;$4852527442 |

---

------

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

EUR—Euro <br> GBP—British Pound

---

| |
|:---|
| 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. |
| BNY—Bank of New York Mellon |
| BOA—Bank of America, N.A. |
| CLO—Collateralized Loan Obligation |
| CVR—Contingent Value Rights |
| ETF—Exchange-Traded Fund |
| EURIBOR—Euro Interbank Offered Rate |
| GSI—Goldman Sachs International |
| iBoxx—Bond Market Indices |
| JPM—JPMorgan Chase Bank N.A. |
| LIBOR—London Interbank Offered Rate |
| LP—Limited Partnership |
| MSI—Morgan Stanley & Co International PLC |
| MTN—Medium Term Note |
| N/A—Not Applicable |
| OTC—Over-the-counter |
| PIK—Payment-in-Kind |
| Q—Quarterly payment frequency for swaps |
| REITs—Real Estate Investment Trust |
| SOFR—Secured Overnight Financing Rate |
| T—Swap payment upon termination |

---

---

| | |
|:---|:---|
| \* | Non-income producing security. |
| # | Principal or notional amount is shown in U.S. dollars unless otherwise stated. |
| ~ | See tables subsequent to the Schedule of Investments for options detail. Options with maturity dates greater than one year from date of acquisition would be considered long-term investments. |
| ^ | Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $107,088,868 and 2.2% of net assets. |
| (a) | All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $180,663,118; cash collateral of $184,325,343 (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 May 31, 2025. |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)
(cc) Variable rate instrument. The rate shown is based on the latest available information as of May 31, 2025. 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.

(d) Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity.

(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.

(h) Represents security, or a portion thereof, segregated as collateral for OTC derivatives.

(k) Represents security, or a portion thereof, segregated as collateral for centrally cleared/exchange-traded derivatives.

(oo) Perpetual security. Maturity date represents next call date.

(p) Represents a security with a delayed settlement and therefore the interest rate is not available until settlement which is after the period end.

(s) Represents zero coupon bond or principal only security. Rate represents yield to maturity at purchase date.

(wa) Represents investments in Funds affiliated with the Manager.

(x) The following represents restricted securities that are acquired in unregistered, private sales from the issuing company or from an affiliate of the issuer and is
considered restricted as to disposition under federal securities law.

(x) Restricted Securities:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Issuer Description** | **Acquisition<br> Date** | **Original<br> Cost** | **Market<br> Value** | **Percentage<br> of<br> Net Assets** |
| ARD Finance SA (Luxembourg), Sr. Sec'd. Notes, 144A, Cash coupon 6.500% or PIK 7.250%, 6.500%, 06/30/27 | 10/26/23-12/30/24 | &nbsp;&nbsp;&nbsp; $2069500 | &nbsp;&nbsp;&nbsp;&nbsp; $116060 | 0.0% |
| Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc., Sr. Sec'd. Notes, 2.125%, 08/15/26 | 04/09/24-12/06/24 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4383491 | &nbsp;&nbsp;&nbsp;&nbsp;4930042 | 0.1 |
| Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc., Sr. Sec'd. Notes, 144A, 4.125%, 08/15/26 | 05/28/20-05/22/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7243836 | &nbsp;&nbsp;&nbsp;&nbsp;6772914 | 0.1 |
| Ferrellgas Escrow LLC, 8.956%^, 03/30/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;06/26/24 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1136250 | &nbsp;&nbsp;&nbsp;&nbsp;1125000 | 0.0 |
| Ferrellgas Partners LP (Class B Stock)\* | 05/06/15-07/26/24 | &nbsp;&nbsp;&nbsp;&nbsp;24582182 | &nbsp;&nbsp;&nbsp;13006688 | 0.3 |
| Freedom Mortgage Corp., Sr. Unsec'd. Notes, 144A, 6.625%, 01/15/27 | 02/01/24-02/05/25 | &nbsp;&nbsp;&nbsp;&nbsp;15596457 | &nbsp;&nbsp;&nbsp;16014439 | 0.3 |
| Freedom Mortgage Corp., Sr. Unsec'd. Notes, 144A, 7.625%, 05/01/26 | 10/14/20-05/16/24 | &nbsp;&nbsp;&nbsp;&nbsp;21669966 | &nbsp;&nbsp;&nbsp;21789743 | 0.5 |
| Freedom Mortgage Corp., Sr. Unsec'd. Notes, 144A, 12.000%, 10/01/28 | 09/14/23-07/09/24 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3063656 | &nbsp;&nbsp;&nbsp;&nbsp;3168277 | 0.1 |
| Freedom Mortgage Holdings LLC, Sr. Unsec'd. Notes, 144A(a), 8.375%, 04/01/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02/04/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1110000 | &nbsp;&nbsp;&nbsp;&nbsp;1099778 | 0.0 |
| Freedom Mortgage Holdings LLC, Sr. Unsec'd. Notes, 144A, 9.250%, 02/01/29 | 01/24/24-06/24/24 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9087113 | &nbsp;&nbsp;&nbsp;&nbsp;9313750 | 0.2 |
| GenOn Energy Holdings, Inc. (Class A Stock)\*^ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02/28/19 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4444497 | &nbsp;&nbsp;&nbsp;&nbsp;1239450 | 0.0 |
| Heritage Power LLC\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11/21/23 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;393448 | 0.0 |
| Heritage Power LLC\*^ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11/21/23 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90712 | 0.0 |
| Heritage Power LLC\* | 11/21/23-11/01/24 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4812545 | &nbsp;&nbsp;&nbsp;12350957 | 0.3 |
| SLM Corp., Sr. Unsec'd. Notes(a), 6.500%, 01/31/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01/29/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1815941 | &nbsp;&nbsp;&nbsp;&nbsp;1882778 | 0.0 |
| Venator Materials PLC\*^ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12/21/23 | &nbsp;&nbsp;&nbsp;&nbsp;43833355 | &nbsp;&nbsp;&nbsp;&nbsp;5388800 | 0.1 |
| &nbsp;&nbsp;&nbsp;**Total** |  | $144939501 | $98682836 | 2.0% |

---

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

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

#### Unfunded corporate bond commitment outstanding at May 31, 2025 :

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Issuer** | **Principal<br> Amount<br> (000)#** | **Current<br> Value** | **Unrealized<br> Appreciation** | **Unrealized<br> Depreciation** |
| New Generation Gas Gathering LLC, Sr. Sec'd. Notes, 144A, —%(p), Maturity Date 09/30/29 (cost $718,784)^ | 730 | $718784 | $— | $— |

---

#### Unfunded loan commitment outstanding at May 31, 2025 :

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Borrower** | **Principal<br> Amount<br> (000)#** | **Current<br> Value** | **Unrealized<br> Appreciation** | **Unrealized<br> Depreciation** |
| Doncasters US Finance LLC, 2025 Delayed Draw Term Loan, —%(p), Maturity Date 04/01/30 (cost $1,800,000)^ | 1800 | $1809000 | $9000 | $— |

---

#### Options Written :

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **OTC Swaptions** | **OTC Swaptions** | **OTC Swaptions** | **OTC Swaptions** | **OTC Swaptions** | **OTC Swaptions** | **OTC Swaptions** | **OTC Swaptions** | **OTC Swaptions** |
| **Description** | &nbsp;&nbsp;**Call/<br> Put** | **Counterparty** | &nbsp;&nbsp;**Expiration<br> Date** | &nbsp;&nbsp;**Strike** | &nbsp;&nbsp;**Receive** | &nbsp;&nbsp;**Pay** | &nbsp;&nbsp;**Notional<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| CDX.NA.HY.43.V1, 12/20/29 | &nbsp;&nbsp;Put | GSI | &nbsp;&nbsp;06/18/25 | &nbsp;&nbsp;$101.00 | &nbsp;&nbsp;5.00%(Q) | &nbsp;&nbsp;CDX.NA.HY. 43.V1(Q) | &nbsp;&nbsp;21720 | &nbsp;&nbsp; $(15467) |
| &nbsp;&nbsp;&nbsp;(premiums received $125,976) | &nbsp;&nbsp;&nbsp;(premiums received $125,976) | &nbsp;&nbsp;&nbsp;(premiums received $125,976) | &nbsp;&nbsp;&nbsp;(premiums received $125,976) |  |  |  |  |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Futures contracts outstanding at May 31, 2025:** | **Futures contracts outstanding at May 31, 2025:** | **Futures contracts outstanding at May 31, 2025:** | **Futures contracts outstanding at May 31, 2025:** | **Futures contracts outstanding at May 31, 2025:** |
| **Number<br> of<br> Contracts** | **Type** | **Expiration<br> Date** | **Current<br> Notional<br> Amount** | **Value /<br> Unrealized<br> Appreciation<br> (Depreciation)** |
| **Long Positions:** | **Long Positions:** | **Long Positions:** | **Long Positions:** | **Long Positions:** |
| 845 | 2 Year U.S. Treasury Notes | Sep. 2025 | $175284688 | &nbsp;&nbsp; $148975 |
| 32 | 5 Year Euro-Bobl | Jun. 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4328880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15598 |
| 7333 | 5 Year U.S. Treasury Notes | Sep. 2025 | &nbsp;&nbsp;&nbsp;793338937 | &nbsp;&nbsp;&nbsp;3639158 |
| 40 | 20 Year U.S. Treasury Bonds | Sep. 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4511250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28426 |
| 75 | 30 Year U.S. Ultra Treasury Bonds | Sep. 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8704688 | &nbsp;&nbsp;&nbsp;&nbsp;140268 |
| 3 | Euro Schatz Index | Jun. 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;365655 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;968 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;3973393 |
| **Short Positions:** | **Short Positions:** | **Short Positions:** | **Short Positions:** | **Short Positions:** |
| 21 | 10 Year Euro-Bund | Jun. 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3128630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27400 |
| 422 | 10 Year U.S. Treasury Notes | Sep. 2025 | &nbsp;&nbsp;&nbsp;&nbsp;46736500 | &nbsp;&nbsp;&nbsp;&nbsp;(323086) |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;(295686) |
|  |  |  |  | $3677707 |

---

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

#### Forward foreign currency exchange contracts outstanding at May 31, 2025 :

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Purchase<br> Contracts** | **Counterparty** | **Notional<br> Amount<br> (000)** | **Notional<br> Amount<br> (000)** | **Value at<br> Settlement<br> Date** | **Current<br> Value** | **Unrealized<br> Appreciation** | **Unrealized<br> Depreciation** |
| **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** |
| British Pound, | British Pound, | British Pound, | British Pound, | British Pound, | British Pound, | British Pound, | British Pound, |
| &nbsp;&nbsp;Expiring 06/03/25 | BOA | GBP | 13556 | $18293799 | $18264979 | &nbsp;&nbsp;&nbsp;&nbsp; $— | $(28820) |
| &nbsp;&nbsp;Expiring 07/02/25 | JPM | GBP | &nbsp;&nbsp;&nbsp;&nbsp;661 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;892741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;891044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(1697) |
| Euro, | Euro, | Euro, | Euro, | Euro, | Euro, | Euro, | Euro, |
| &nbsp;&nbsp;Expiring 06/03/25 | BNY | EUR | 25430 | &nbsp;&nbsp;&nbsp;28784233 | &nbsp;&nbsp;&nbsp;28881324 | &nbsp;&nbsp;&nbsp;97091 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  |  |  |  | $47970773 | $48037347 | &nbsp;&nbsp;&nbsp;97091 | &nbsp;&nbsp;&nbsp;(30517) |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Sale<br> Contracts** | **Counterparty** | **Notional<br> Amount<br> (000)** | **Notional<br> Amount<br> (000)** | **Value at<br> Settlement<br> Date** | **Current<br> Value** | **Unrealized<br> Appreciation** | **Unrealized<br> Depreciation** |
| **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** |
| British Pound, | British Pound, | British Pound, | British Pound, | British Pound, | British Pound, | British Pound, | British Pound, |
| &nbsp;&nbsp;Expiring 06/03/25 | MSI | GBP | 13556 | $18058291 | $18264979 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | $(206688) |
| &nbsp;&nbsp;Expiring 07/02/25 | BOA | GBP | 13556 | &nbsp;&nbsp;&nbsp;18296348 | &nbsp;&nbsp;&nbsp;18267380 | &nbsp;&nbsp;&nbsp;&nbsp;28968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Euro, | Euro, | Euro, | Euro, | Euro, | Euro, | Euro, | Euro, |
| &nbsp;&nbsp;Expiring 06/03/25 | BNY | EUR | 25430 | &nbsp;&nbsp;&nbsp;28984952 | &nbsp;&nbsp;&nbsp;28881323 | &nbsp;&nbsp;&nbsp;103629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 07/02/25 | BNY | EUR | 25430 | &nbsp;&nbsp;&nbsp;28838959 | &nbsp;&nbsp;&nbsp;28934388 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(95429) |
|  |  |  |  | $94178550 | $94348070 | &nbsp;&nbsp;&nbsp;132597 | &nbsp;&nbsp;&nbsp;(302117) |
|  |  |  |  |  |  | $229688 | $(332634) |

---

#### Credit default swap agreement outstanding at May 31, 2025 :

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference<br> Entity/<br> Obligation** | **Termination<br> Date** | **Fixed<br> Rate** | **Notional<br> Amount<br> (000)#(3)** | **Implied Credit<br> Spread at<br> May 31,<br> 2025(4)** | **Value at<br> Trade Date** | **Value at<br> May 31,<br> 2025** | **Unrealized<br> Appreciation<br> (Depreciation)** |
| **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** |
| CDX.NA.HY.44.V1 | 06/20/30 | 5.000%(Q) | 220620 | 3.507% | $7569064 | $15848698 | $8279634 |

---

The Fund entered into credit default swaps ("CDS") to provide a measure of protection against defaults or to take an active long or short position with respect to the likelihood of a particular issuer's default or the reference entity's credit soundness. CDS contracts generally trade based on a spread which represents the cost a protection buyer has to pay the protection seller. The protection buyer is said to be short the credit as the value of the contract rises the more the credit deteriorates. The value of the CDS contract increases for the protection buyer if the spread increases.

(1) If the Fund is a buyer of protection, it pays the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller
of protection an amount equal to the notional amount of the swap and make delivery of the referenced obligation or underlying securities comprising the referenced

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | |
|:---|:---|
|  | index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| (2) | If the Fund is a seller of protection, it receives the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| (3) | Notional amount represents the maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| (4) | Implied credit spreads, represented in absolute terms, utilized in determining the fair value of credit default swap agreements where the Fund is the seller of protection as of the reporting date serve as an indicator of the current status of the payment/ performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include up-front payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement. |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total return swap agreements outstanding at May 31, 2025:** | **Total return swap agreements outstanding at May 31, 2025:** | **Total return swap agreements outstanding at May 31, 2025:** | **Total return swap agreements outstanding at May 31, 2025:** | **Total return swap agreements outstanding at May 31, 2025:** | **Total return swap agreements outstanding at May 31, 2025:** | **Total return swap agreements outstanding at May 31, 2025:** | **Total return swap agreements outstanding at May 31, 2025:** |
| **Reference Entity** | &nbsp;&nbsp;&nbsp;**Financing<br> Rate** | &nbsp;&nbsp;&nbsp;**Counterparty** | &nbsp;&nbsp;&nbsp;**Termination<br> Date** | &nbsp;&nbsp;&nbsp;**Long (Short)<br> Notional<br> Amount<br> (000)#(1)** | &nbsp;&nbsp;&nbsp;**Fair<br> Value** | &nbsp;&nbsp;&nbsp;**Upfront<br> Premiums<br> Paid<br> (Received)** | &nbsp;&nbsp;&nbsp;**Unrealized<br> Appreciation<br> (Depreciation)(2)** |
| **OTC Total Return Swap Agreements:** | **OTC Total Return Swap Agreements:** | **OTC Total Return Swap Agreements:** | **OTC Total Return Swap Agreements:** | **OTC Total Return Swap Agreements:** | **OTC Total Return Swap Agreements:** | **OTC Total Return Swap Agreements:** | **OTC Total Return Swap Agreements:** |
| iBoxx US Dollar Liquid High Yield Index(T) | &nbsp;&nbsp;1 Day SOFR(Q)/ 4.350% | &nbsp;&nbsp;MSI | &nbsp;&nbsp;06/20/25 | &nbsp;&nbsp;13110 | &nbsp;&nbsp;&nbsp;&nbsp; $30004 | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $30004 |
| iBoxx US Dollar Liquid High Yield Index(T) | &nbsp;&nbsp;1 Day SOFR(Q)/ 4.350% | &nbsp;&nbsp;MSI | &nbsp;&nbsp;06/20/25 | &nbsp;&nbsp;70380 | &nbsp;&nbsp;&nbsp;&nbsp;1210260 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;1210260 |
| iBoxx US Dollar Liquid Investment Grade Index(T) | &nbsp;&nbsp;1 Day SOFR(Q)/ 4.350% | &nbsp;&nbsp;MSI | &nbsp;&nbsp;09/20/25 | &nbsp;&nbsp;(7060) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(67593) | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(67593) |
| iBoxx US Dollar Liquid Investment Grade Index(T) | &nbsp;&nbsp;1 Day SOFR(Q)/ 4.350% | &nbsp;&nbsp;MSI | &nbsp;&nbsp;12/20/25 | &nbsp;&nbsp;(4440) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(46761) | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(46761) |
| iBoxx US Dollar Liquid Investment Grade Index(T) | &nbsp;&nbsp;1 Day SOFR(Q)/ 4.350% | &nbsp;&nbsp;MSI | &nbsp;&nbsp;12/22/25 | &nbsp;&nbsp;(10620) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24505 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24505 |
|  |  |  |  |  | &nbsp;&nbsp;$1150415 | &nbsp;&nbsp;$— | &nbsp;&nbsp;$1150415 |

---

(1) On a long total return swap, the Fund receives payments for any positive return on the reference entity (makes payments

------

#### PGIM Short Duration High Yield Income Fund

#### Schedule of Investments as of May 31, 2025 (unaudited) (continued)

---

| | |
|:---|:---|
|  | for any negative return) and pays the financing rate. On a short total return swap, the Fund makes payments for any positive return on the reference entity (receives payments for any negative return) and receives the financing rate. |
| (2) | Upfront/recurring fees or commissions, as applicable, are included in the net unrealized appreciation (depreciation). |

---

*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:** Prudential Investment Portfolios, Inc. 15

- **b. Investment Company Act file number:** 811-02896

- **c. CIK number of Registrant:** 0000278187

- **d. LEI of Registrant:** 5493004GW6X6EIMPJD18

- **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 Short Duration High Yield Income Fund

- **b. EDGAR series identifier (if any):** S000038590

- **c. LEI of Series:** 54930013E3EHBXBG8W57

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-30

**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:** $5130340152.29

**Total Liabilities:** $297079702.35

**Net Assets:** $4833260449.94

**Delayed Delivery Securities:** $9476205.13

**Cash Not Reported:** $48522902.34

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1018.28449000 | **1-Year:** 45610.80966000 | **5-Year:** 37161.65578000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 17415.42567000 | **1-Year:** 468143.08856000 | **5-Year:** 315165.09082000 | **10-Year:** 1491.45939000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000119073 | -0.66%               | 0.27%                | 1.38%                |
| Class ID C000119074 | -0.72%               | 0.21%                | 1.32%                |
| Class ID C000119075 | -0.64%               | 0.29%                | 1.40%                |
| Class ID C000147930 | -0.63%               | 0.29%                | 1.40%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3275278.28              | $-56068726.11                              |
| Month 2  | $2533382.90              | $-20189867.32                              |
| Month 3  | $-26405.10               | $39441656.12                               |

**Designated Index Information**

- **Index Name:** Bloomberg 1-5 Year US Credit Index

- **Index Identifier:** I18844 Index

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| LLC BNY MELLON CAPITAL MARKETS, LLC                        | EUR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: VJW2DOOHGDT6PR0ZRO63 | N/A              | DFE              | CORP              | US        |         1 | NC      | $103628.51    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, National Association                      | USD/GBP FORWARD                                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-28820.03    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Glatfelter Corporation                                     | TREASURE HOLDCO INC                                                              | CUSIP: 89458XAB3<br>LEI: 549300LDQLQBT38QDY28 | Long             | LON              | CORP              | US        |   4139625 | PA      | $4007674.45   | 0.08%             | 2031-11-04      | Floating      | 8.58%                 | No            |                  2 | On Loan: No      |
| DIAMOND SPORTS GRP LLC- WARRANTS                           | DIAMOND SPORTS GRP LLC- WARRANTS                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    163947 | NS      | $43068.81     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GENON HLDGS CLASS A                                        | GENON HLDGS CLASS A                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41315 | NS      | $1239450.00   | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| NOVELIS CORP                                               | Novelis Corp                                                                     | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |  12710000 | PA      | $12074405.76  | 0.25%             | 2030-01-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TRIDENT TPI HOLDINGS INC                                   | Trident TPI Holdings Inc                                                         | CUSIP: 89616RAC3<br>LEI: 549300TPLK304J3RNC85 | Long             | DBT              | CORP              | US        |  19970000 | PA      | $20880389.58  | 0.43%             | 2028-12-31      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| PRA GROUP INC                                              | PRA Group Inc                                                                    | CUSIP: 69354NAE6<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |  12050000 | PA      | $12159452.29  | 0.25%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                   | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 69867DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   3132000 | PA      | $3132000.00   | 0.06%             | 2026-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| ADAPTHEALTH LLC                                            | AdaptHealth LLC                                                                  | CUSIP: 00653VAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2525000 | PA      | $2333376.25   | 0.05%             | 2029-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TRINITY INDUSTRIES INC                                     | Trinity Industries Inc                                                           | CUSIP: 896522AJ8<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | DBT              | CORP              | US        |   6635000 | PA      | $6896941.90   | 0.14%             | 2028-07-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| ZEGONA FINANCE PLC                                         | Zegona Finance PLC                                                               | CUSIP: 98927UAA5<br>LEI: 254900B3KC1SS7T2TE92 | Long             | DBT              | CORP              | GB        |   6180000 | PA      | $6576941.40   | 0.14%             | 2029-07-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                   | USD/GBP FORWARD                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-206688.06   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| XPO INC                                                    | XPO Inc                                                                          | CUSIP: 98379KAB8<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |    625000 | PA      | $648186.30    | 0.01%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: —       |
| SUNOCO LP                                                  | Sunoco LP                                                                        | CUSIP: 86765KAB5<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   3410000 | PA      | $3522660.81   | 0.07%             | 2029-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BREAD FINANCIAL HLDGS                                      | Bread Financial Holdings Inc                                                     | CUSIP: 018581AP3<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |   8110000 | PA      | $8635431.99   | 0.18%             | 2029-03-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                                     | Energizer Holdings Inc                                                           | CUSIP: 29272WAD1<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    688000 | PA      | $646072.37    | 0.01%             | 2029-03-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| UNITED RENTALS NORTH AM                                    | United Rentals North America Inc                                                 | CUSIP: 911365BM5<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   1858000 | PA      | $1816971.39   | 0.04%             | 2027-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| Lumen Technologies, Inc.                                   | LUMEN TECHNOLOGIES INC                                                           | CUSIP: 55024EAF2<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | LON              | CORP              | US        |  10371054 | PA      | $10263018.43  | 0.21%             | 2029-04-15      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                          | Post Holdings Inc                                                                | CUSIP: 737446AP9<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |  10010000 | PA      | $9883724.65   | 0.20%             | 2029-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ncr Atleos Corporation                                     | NCR ATLEOS CORP                                                                  | CUSIP: 63001PAF8<br>LEI: 9845005FC3S0VA714741 | Long             | LON              | CORP              | US        |   6926933 | PA      | $6949445.87   | 0.14%             | 2029-04-16      | Floating      | 8.03%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                                     | Energizer Holdings Inc                                                           | CUSIP: 29272WAC3<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |   3328000 | PA      | $3209924.46   | 0.07%             | 2028-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| KB HOME                                                    | KB Home                                                                          | CUSIP: 48666KAY5<br>LEI: 549300LGUCWQURMWLG09 | Long             | DBT              | CORP              | US        |    735000 | PA      | $714510.30    | 0.01%             | 2029-11-15      | Fixed         | 4.80%                 | 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        |       469 | NC      | $111250.21    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CIVITAS RESOURCES INC                                      | Civitas Resources Inc                                                            | CUSIP: 17888HAC7<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   3850000 | PA      | $3801681.13   | 0.08%             | 2030-11-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                                        | United Airlines Inc                                                              | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |  21132000 | PA      | $20894158.01  | 0.43%             | 2026-04-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                    | Starwood Property Trust Inc                                                      | CUSIP: 85571BAY1<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |  11075000 | PA      | $10882353.02  | 0.23%             | 2027-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| XPO INC                                                    | XPO Inc                                                                          | CUSIP: 98379KAA0<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |  14875000 | PA      | $15032221.33  | 0.31%             | 2028-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                                              | Parkland Corp                                                                    | CUSIP: 70137WAG3<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |   9550000 | PA      | $9020548.00   | 0.19%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| DANA INC                                                   | Dana Inc                                                                         | CUSIP: 235825AG1<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |   7375000 | PA      | $7356961.41   | 0.15%             | 2028-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                                 | Carvana Co                                                                       | CUSIP: 146869AL6<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |  32073666 | PA      | $32970011.91  | 0.68%             | 2028-12-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Viasat Inc                                                 | Viasat Inc                                                                       | CUSIP: 92555WAD7<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | LON              | CORP              | US        |   6626823 | PA      | $6265661.06   | 0.13%             | 2029-03-02      | Floating      | 8.94%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                       | LifePoint Health Inc                                                             | CUSIP: 53219LAU3<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |   3775000 | PA      | $3558610.88   | 0.07%             | 2029-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                      | Mineral Resources Ltd                                                            | CUSIP: 603051AA1<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |   5070000 | PA      | $5076438.90   | 0.11%             | 2027-05-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: —       |
| GOLDMAN SACHS BANK USA                                     | SWOP CDS CDX.NA.HY.43.V1                                                         | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DCR              | CORP              | US        | -21720000 | OU      | $-15467.06    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER/MEDL CO                                   | Medline Borrower LP/Medline Co-Issuer Inc                                        | CUSIP: 58506DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14860000 | PA      | $15125293.93  | 0.31%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| ALBERTSONS COS/SAFEWAY                                     | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  17200000 | PA      | $17031209.80  | 0.35%             | 2027-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| DIGICEL GROUP HOLDINGS                                     | Digicel Group Holdings Ltd                                                       | CUSIP: 25381HAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    552944 | PA      | $55.29        | 0.00%             | 2030-12-31      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| NOVELIS CORP                                               | Novelis Corp                                                                     | CUSIP: 670001AG1<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |  25674000 | PA      | $25183132.99  | 0.52%             | 2026-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Calpine Corporation                                        | CALPINE CORP                                                                     | CUSIP: 000000000<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | LON              | CORP              | US        |   1370000 | PA      | $1367849.10   | 0.03%             | 2031-01-31      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                                     | Energizer Holdings Inc                                                           | CUSIP: 29272WAF6<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |  16843000 | PA      | $16913450.68  | 0.35%             | 2027-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| Ncr Atleos, LLC                                            | NCR ATLEOS CORP                                                                  | CUSIP: 63001PAC5<br>LEI: 9845005FC3S0VA714741 | Long             | LON              | CORP              | US        |   2147293 | PA      | $2120451.84   | 0.04%             | 2028-09-27      | Floating      | 7.05%                 | No            |                  3 | On Loan: No      |
| PARKLAND CORP                                              | Parkland Corp                                                                    | CUSIP: 70137TAP0<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |  19798000 | PA      | $19699010.00  | 0.41%             | 2027-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM                                       | Taylor Morrison Communities Inc                                                  | CUSIP: 87724RAB8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |   8769000 | PA      | $8817845.05   | 0.18%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                           | CSC Holdings LLC                                                                 | CUSIP: 126307AY3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   1238000 | PA      | $956814.99    | 0.02%             | 2028-04-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                          | EURO-BOBL                                                                        | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |        32 | NC      | $15597.63     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                      | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |   1110000 | PA      | $1099778.42   | 0.02%             | 2032-04-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: —       |
| UNITED AIRLINES INC                                        | United Airlines Inc                                                              | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |  12400000 | PA      | $11775256.60  | 0.24%             | 2029-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Hurricane Cleanco Limited                                  | HURRICANE CLEANCO LIMITED                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   8127713 | PA      | $11279400.51  | 0.23%             | 2029-10-31      | Fixed         | 6.25%                 | No            |                  3 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                   | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 69867DAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |  21425000 | PA      | $21518841.50  | 0.45%             | 2027-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                 | goeasy Ltd                                                                       | CUSIP: 380355AM9<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |   2040000 | PA      | $2009400.00   | 0.04%             | 2030-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| VISTAJET MALTA/VM HOLDS                                    | VistaJet Malta Finance PLC / Vista Management Holding Inc                        | CUSIP: 92841HAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   6297000 | PA      | $6199725.20   | 0.13%             | 2028-06-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                      | Civitas Resources Inc                                                            | CUSIP: 17888HAD5<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   1115000 | PA      | $1117928.30   | 0.02%             | 2033-06-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                        | Ecuador Government International Bond                                            | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    416602 | PA      | $258709.84    | 0.01%             | 2035-07-31      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE CHEM CO                                        | CORNERSTONE CHEM CO                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    144561 | NS      | $1113119.70   | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Heritage Power LLC                                         | HERITAGE POWER LLC                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1172893 | PA      | $1155299.14   | 0.02%             | 2028-07-20      | Floating      | 9.80%                 | No            |                  3 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                            | CDS CDX.NA.HY.44.V1                                                              | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |         1 | NC      | $15879339.82  | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                                   | United Wholesale Mortgage LLC                                                    | CUSIP: 913229AC4<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |    897000 | PA      | $884268.10    | 0.02%             | 2027-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                              | TransDigm Inc                                                                    | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   4750000 | PA      | $4828439.43   | 0.10%             | 2028-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                                 | Carvana Co                                                                       | CUSIP: 146869AN2<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |  22110000 | PA      | $23305351.98  | 0.48%             | 2030-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                                        | Station Casinos LLC                                                              | CUSIP: 857691AG4<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |   6325000 | PA      | $6136733.71   | 0.13%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                 | goeasy Ltd                                                                       | CUSIP: 380355AN7<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |   2940000 | PA      | $2936325.00   | 0.06%             | 2030-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| HUNT COS INC                                               | Hunt Cos Inc                                                                     | CUSIP: 445587AE8<br>LEI: 549300ODPWDNCH5TKM49 | Long             | DBT              | CORP              | US        |   1775000 | PA      | $1723991.99   | 0.04%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lumen Technologies, Inc.                                   | LUMEN TECHNOLOGIES INC                                                           | CUSIP: 55024EAG0<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | LON              | CORP              | US        |   2360000 | PA      | $2334434.12   | 0.05%             | 2030-04-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                                   | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20819000 | PA      | $20160723.03  | 0.42%             | 2026-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM                                       | Taylor Morrison Communities Inc                                                  | CUSIP: 87724RAA0<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |   6681000 | PA      | $6737113.45   | 0.14%             | 2027-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ATLAS LUXCO 4 / ALL UNI                                    | Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl     | CUSIP: 019579AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |  12416000 | PA      | $11855914.24  | 0.25%             | 2028-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                          | EURO-SCHATZ                                                                      | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |         3 | NC      | $968.19       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BOEING CO                                                  | Boeing Co/The                                                                    | CUSIP: 097023DG7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9820963.34   | 0.20%             | 2026-02-04      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Battalion CLO LTD                                          | Battalion CLO IX Ltd                                                             | CUSIP: 07132EAJ4<br>LEI: 549300JMWGEYZEC6GK98 | Long             | ABS-CBDO         | CORP              | KY        |  15080023 | PA      | $15117784.62  | 0.31%             | 2031-07-15      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                                           | MGM Resorts International                                                        | CUSIP: 552953CD1<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |  13602000 | PA      | $13552547.94  | 0.28%             | 2026-09-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                                     | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc               | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11339000 | PA      | $10288172.49  | 0.21%             | 2030-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HOWARD MIDSTREAM ENERGY                                    | Howard Midstream Energy Partners LLC                                             | CUSIP: 442722AB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1775000 | PA      | $1858537.75   | 0.04%             | 2028-07-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                               | Entegris Inc                                                                     | CUSIP: 29362UAC8<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |   3725000 | PA      | $3597450.69   | 0.07%             | 2028-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                   | Vistra Operations Co LLC                                                         | CUSIP: 92840VAF9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |  39591000 | PA      | $39492051.43  | 0.82%             | 2027-07-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EG GLOBAL FINANCE PLC                                      | eG Global Finance PLC                                                            | CUSIP: 000000000<br>LEI: 549300TL8Q5207VYET27 | Long             | DBT              | CORP              | GB        |   2400000 | PA      | $3011131.65   | 0.06%             | 2028-11-30      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| H&E EQUIPMENT SERVICES                                     | H&E Equipment Services Inc                                                       | CUSIP: 404030AJ7<br>LEI: 254900KVLRCDMQRYY541 | Long             | DBT              | CORP              | US        |  26049000 | PA      | $26301414.81  | 0.54%             | 2028-12-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| STAR LEASING CO LLC                                        | Star Leasing Co LLC                                                              | CUSIP: 854938AA5<br>LEI: 549300WXKNX4PT3HSN71 | Long             | DBT              | CORP              | US        |   7125000 | PA      | $6706636.88   | 0.14%             | 2030-02-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                | U.S. TREASURY BOND                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        40 | NC      | $28425.94     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| P&L DEV LLC/PLD FIN CORP                                   | P&L Development LLC / PLD Finance Corp                                           | CUSIP: 69306RAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4906160 | PA      | $4907260.97   | 0.10%             | 2029-05-15      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| Virgin Media Bristol LLC                                   | Virgin Media Bristol LLC                                                         | CUSIP: 000000000<br>LEI: 213800IQ982XX69LE276 | Long             | LON              | CORP              | US        |  10725000 | PA      | $10566806.25  | 0.22%             | 2029-01-31      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                     | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  34254000 | PA      | $33912694.47  | 0.70%             | 2027-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| LIFE TIME INC                                              | Life Time Inc                                                                    | CUSIP: 53190FAE5<br>LEI: 549300PALKE96VYH4X17 | Long             | DBT              | CORP              | US        |   3365000 | PA      | $3375124.76   | 0.07%             | 2031-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                             | Wynn Macau Ltd                                                                   | CUSIP: 98313RAD8<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |  17000000 | PA      | $16686562.50  | 0.35%             | 2027-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| CLEAR CHANNEL OUTDOOR HO                                   | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  27415000 | PA      | $26850990.78  | 0.56%             | 2027-08-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| TRI POINTE HOMES INC                                       | Tri Pointe Homes Inc                                                             | CUSIP: 87265HAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2143000 | PA      | $2136452.70   | 0.04%             | 2028-06-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| FIVE POINT OP CO LP/FIVE                                   | Five Point Operating Co LP / Five Point Capital Corp                             | CUSIP: 33834YAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  18672954 | PA      | $19046766.12  | 0.39%             | 2028-01-15      | Variable      | 10.50%                | No            |                  2 | On Loan: No      |
| Boost Newco Borrower LLC                                   | BOOST NEWCO BORROWER LLC                                                         | CUSIP: 92943EAG1<br>LEI: 254900S8RE1OL7TTCU64 | Long             | LON              | CORP              | US        |  12987006 | PA      | $12982954.50  | 0.27%             | 2031-01-31      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| SHEA HOMES LP/FNDG CP                                      | Shea Homes LP / Shea Homes Funding Corp                                          | CUSIP: 82088KAJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4100000 | PA      | $3926678.36   | 0.08%             | 2029-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| MORGAN STANLEY & CO. INTERNATIONAL PLC                     | TRS IBOXIG INDEX                                                                 | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $-66744.28    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                                           | UWM Holdings LLC                                                                 | CUSIP: 903522AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3455000 | PA      | $3387297.27   | 0.07%             | 2030-02-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                   | Univision Communications Inc                                                     | CUSIP: 914906AU6<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |  12490000 | PA      | $12492927.76  | 0.26%             | 2027-06-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| JACOBS ENTERTAINMENT INC                                   | Jacobs Entertainment Inc                                                         | CUSIP: 469815AK0<br>LEI: 5493004U9JIWY3HSUO63 | Long             | DBT              | CORP              | US        |   9700000 | PA      | $9239681.20   | 0.19%             | 2029-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                                   | Rockies Express Pipeline LLC                                                     | CUSIP: 77340RAT4<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |   8795000 | PA      | $8297138.80   | 0.17%             | 2030-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                                    | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 55342UAQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1925000 | PA      | $1974280.88   | 0.04%             | 2032-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                        | NCL Corp Ltd                                                                     | CUSIP: 62886HBP5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   9715000 | PA      | $9593391.52   | 0.20%             | 2030-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                                     | Mauser Packaging Solutions Holding Co                                            | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |  15865000 | PA      | $16018389.97  | 0.33%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                                     | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765LAT4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $717663.71    | 0.01%             | 2029-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                       | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   1495000 | PA      | $1291363.01   | 0.03%             | 2032-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| AZORRA FINANCE                                             | Azorra Finance Ltd                                                               | CUSIP: 05480AAA3<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |   4365000 | PA      | $4393852.65   | 0.09%             | 2030-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                   | TRS IBOXHY INDEX                                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |         1 | NC      | $28426.81     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                                      | Williams Scotsman Inc                                                            | CUSIP: 96949VAM5<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |   2120000 | PA      | $2164769.87   | 0.04%             | 2029-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: —       |
| BROOKFIELD RESID PROPERT                                   | Brookfield Residential Properties Inc / Brookfield Residential US LLC            | CUSIP: 11283YAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   4600000 | PA      | $4002000.00   | 0.08%             | 2030-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                       | OneMain Finance Corp                                                             | CUSIP: 682691AA8<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   4075000 | PA      | $3668053.80   | 0.08%             | 2030-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| BCPE ULYSSES INTERMEDIAT                                   | BCPE Ulysses Intermediate Inc                                                    | CUSIP: 05553LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10275000 | PA      | $9749368.95   | 0.20%             | 2027-04-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR US NEWCO INC                                   | TK Elevator US Newco Inc                                                         | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | US        |  26957000 | PA      | $26701986.78  | 0.55%             | 2027-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| BOMBARDIER INC                                             | Bombardier Inc                                                                   | CUSIP: 097751BX8<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |  26567000 | PA      | $26500582.50  | 0.55%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| JEFFERIES FIN LLC / JFIN                                   | Jefferies Finance LLC / JFIN Co-Issuer Corp                                      | CUSIP: 47232MAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4163381.35   | 0.09%             | 2031-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                   | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12902000 | PA      | $12746414.26  | 0.26%             | 2027-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| OLYMPUS WTR US HLDG CORP                                   | Olympus Water US Holding Corp                                                    | CUSIP: 681639AA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |   9311000 | PA      | $8777248.24   | 0.18%             | 2028-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                                   | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   6732000 | PA      | $6515313.75   | 0.13%             | 2028-01-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                | US ULTRA BOND CBT                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        75 | NC      | $140267.81    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                   | TRS IBOXIG INDEX                                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |         1 | NC      | $25782.04     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Consolidated Energy Finance SA                             | CONSOLIDATED ENERGY FIN SA                                                       | CUSIP: 000000000<br>LEI: 549300PUNIS0USNSL750 | Long             | LON              | CORP              | LU        |   9106774 | PA      | $8480683.34   | 0.18%             | 2030-11-15      | Floating      | 8.83%                 | No            |                  2 | On Loan: No      |
| Iris Holding Inc                                           | Iris Holding Inc                                                                 | CUSIP: 46271BAB6<br>LEI: 54930013SPZ2NB3I3V40 | Long             | LON              | CORP              | US        |   5294207 | PA      | $5057439.25   | 0.10%             | 2028-06-28      | Floating      | 9.13%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                          | Herc Holdings Inc                                                                | CUSIP: 42704LAA2<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |  15391000 | PA      | $15274210.37  | 0.32%             | 2027-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| CLARIV SCI HLD CORP                                        | Clarivate Science Holdings Corp                                                  | CUSIP: 18064PAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11960000 | PA      | $11402991.29  | 0.24%             | 2028-07-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Doncasters US Finance LLC                                  | DONCASTERS US FIN LLC                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1809000.00   | 0.04%             | 2030-04-23      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| MIDWEST GMNG BOR/MWG FIN                                   | Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp                        | CUSIP: 59833DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9503000 | PA      | $9119736.78   | 0.19%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                                           | MGM Resorts International                                                        | CUSIP: 552953CF6<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |  22250000 | PA      | $22282877.65  | 0.46%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TASEKO MINES LTD                                           | Taseko Mines Ltd                                                                 | CUSIP: 876511AG1<br>LEI: 549300XKUO1JSLU7KX54 | Long             | DBT              | CORP              | CA        |   1545000 | PA      | $1583625.00   | 0.03%             | 2030-05-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Windsor Holdings III LLC                                   | WINDSOR HOLDINGS III LLC                                                         | CUSIP: 97360BAH8<br>LEI: 254900IXUJZ9H146T437 | Long             | LON              | CORP              | US        |   4048955 | PA      | $4029973.24   | 0.08%             | 2030-08-01      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                     | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPBR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  28951000 | PA      | $28923439.40  | 0.60%             | 2026-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC                     | TRS IBOXIG INDEX                                                                 | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $-46226.65    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                             | Bombardier Inc                                                                   | CUSIP: 097751BT7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   4857000 | PA      | $4863071.25   | 0.10%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| JACOBS ENTERTAINMENT INC                                   | Jacobs Entertainment Inc                                                         | CUSIP: 469815AL8<br>LEI: 5493004U9JIWY3HSUO63 | Long             | DBT              | CORP              | US        |   6575000 | PA      | $6227983.57   | 0.13%             | 2029-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Diamond Sports Net, LLC                                    | DIAMOND SPORTS NET LLC                                                           | CUSIP: 25277EAB8<br>LEI: 549300MPO5H6LGX4RJ82 | Long             | LON              | CORP              | US        |    581209 | PA      | $521634.87    | 0.01%             | 2028-01-02      | Fixed         | 15.00%                | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                               | SM Energy Co                                                                     | CUSIP: 78454LAX8<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   2350000 | PA      | $2307177.60   | 0.05%             | 2029-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| FERTITTA ENTERTAINMENT                                     | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc               | CUSIP: 31556TAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4110000 | PA      | $3853960.96   | 0.08%             | 2029-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                                   | First Quantum Minerals Ltd                                                       | CUSIP: 335934AV7<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   5015000 | PA      | $5265750.00   | 0.11%             | 2029-03-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                   | Vistra Operations Co LLC                                                         | CUSIP: 92840VAH5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |  19490000 | PA      | $18845671.93  | 0.39%             | 2029-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                                    | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  39980000 | PA      | $42386046.45  | 0.88%             | 2028-02-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Digicel International Finance Ltd                          | DLLTD PIK-TERM B 1L USD                                                          | CUSIP: 000000000<br>LEI: 5493007V023VOEW4FK27 | Long             | LON              | CORP              | LC        |   8063241 | PA      | $8009483.20   | 0.17%             | 2027-05-25      | Floating      | 11.78%                | No            |                  2 | On Loan: No      |
| TITAN INTERNATIONAL INC                                    | Titan International Inc                                                          | CUSIP: 88830MAM4<br>LEI: 254900CXRGBE7C4B5A06 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2252656.84   | 0.05%             | 2028-04-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                   | TRS IBOXHY INDEX                                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |         1 | NC      | $1201795.11   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                                      | Williams Scotsman Inc                                                            | CUSIP: 96949VAN3<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2152386.34   | 0.04%             | 2030-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: —       |
| PERMIAN RESOURC OPTG LLC                                   | Permian Resources Operating LLC                                                  | CUSIP: 27034RAA1<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |   5480000 | PA      | $5586460.35   | 0.12%             | 2027-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                                   | Rockies Express Pipeline LLC                                                     | CUSIP: 77340RAR8<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |   2525000 | PA      | $2439395.15   | 0.05%             | 2029-07-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                      | Level 3 Financing Inc                                                            | CUSIP: 527298BT9<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    710000 | PA      | $584742.48    | 0.01%             | 2029-07-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AthenaHealth Group Inc                                     | ATHENAHEALTH GROUP INC                                                           | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |  11082143 | PA      | $11023961.58  | 0.23%             | 2029-02-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                       | OneMain Finance Corp                                                             | CUSIP: 682691AB6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   4195000 | PA      | $4065712.84   | 0.08%             | 2027-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Clue Opco LLC                                              | CLUE OPCO LLC                                                                    | CUSIP: 18948EAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  17505196 | PA      | $17160553.26  | 0.36%             | 2030-12-19      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| NEW GOLD INC                                               | New Gold Inc                                                                     | CUSIP: 644535AJ5<br>LEI: 5493005G0GNCHP0H6L96 | Long             | DBT              | CORP              | CA        |    845000 | PA      | $864215.30    | 0.02%             | 2032-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                        | NCL Corp Ltd                                                                     | CUSIP: 62886HBN0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   9450000 | PA      | $9913995.00   | 0.21%             | 2029-01-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                       | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AN1<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   6525000 | PA      | $5855245.37   | 0.12%             | 2030-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| FRONTIER COMMUNICATIONS                                    | Frontier Communications Holdings LLC                                             | CUSIP: 35908MAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8608000 | PA      | $8719577.77   | 0.18%             | 2030-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TEREX CORP                                                 | Terex Corp                                                                       | CUSIP: 880779BA0<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1930138.25   | 0.04%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITGO PETROLEUM CORP                                       | CITGO Petroleum Corp                                                             | CUSIP: 17302XAM8<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |  10350000 | PA      | $10343549.63  | 0.21%             | 2026-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| DIGICEL INTL FIN LTD                                       | DIGICEL INTL FIN LTD                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31025 | NS      | $361416.43    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Mcafee Corp                                                | MCAFEE CORP                                                                      | CUSIP: 57906HAF4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |  35015562 | PA      | $33562416.01  | 0.69%             | 2029-03-01      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                    | Starwood Property Trust Inc                                                      | CUSIP: 85571BBE4<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |   2555000 | PA      | $2589607.34   | 0.05%             | 2030-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SUBURBAN PROPANE PARTNRS                                   | Suburban Propane Partners LP/Suburban Energy Finance Corp                        | CUSIP: 864486AK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4008000 | PA      | $4001450.59   | 0.08%             | 2027-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                                   | Graphic Packaging International LLC                                              | CUSIP: 38869AAB3<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |   3550000 | PA      | $3371564.86   | 0.07%             | 2028-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: —       |
| BOMBARDIER INC                                             | Bombardier Inc                                                                   | CUSIP: 097751BV2<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   7464000 | PA      | $7464000.00   | 0.15%             | 2026-06-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                       | OneMain Finance Corp                                                             | CUSIP: 682691AC4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |  11633000 | PA      | $10928282.62  | 0.23%             | 2028-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Tenneco Inc                                                | TENNECO INC                                                                      | CUSIP: 88037HAN4<br>LEI: 549300U0EXXFAQFAD785 | Long             | LON              | CORP              | US        |   3730352 | PA      | $3597457.92   | 0.07%             | 2028-11-17      | Floating      | 9.17%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                               | Navient Corp                                                                     | CUSIP: 63938CAH1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   5150000 | PA      | $5150365.79   | 0.11%             | 2025-06-25      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| MGM RESORTS INTL                                           | MGM Resorts International                                                        | CUSIP: 552953CH2<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |  13589000 | PA      | $13291615.79  | 0.28%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| SBA COMMUNICATIONS CORP                                    | SBA Communications Corp                                                          | CUSIP: 78410GAD6<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |  33534000 | PA      | $32877639.78  | 0.68%             | 2027-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| NABORS INDUSTRIES INC                                      | Nabors Industries Inc                                                            | CUSIP: 62957HAJ4<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |  15906000 | PA      | $15266723.50  | 0.32%             | 2027-05-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| LEVEL 3 FINANCING INC                                      | Level 3 Financing Inc                                                            | CUSIP: 527298BV4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |  11173382 | PA      | $12699758.59  | 0.26%             | 2029-11-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                                   | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   4750000 | PA      | $4930041.58   | 0.10%             | 2026-08-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                    | Starwood Property Trust Inc                                                      | CUSIP: 85571BBD6<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |   2350000 | PA      | $2385436.92   | 0.05%             | 2030-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL GAME TECH                                    | International Game Technology PLC                                                | CUSIP: 460599AE3<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |    860000 | PA      | $842800.00    | 0.02%             | 2029-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| AMERIGAS PART/FIN CORP                                     | AmeriGas Partners LP / AmeriGas Finance Corp                                     | CUSIP: 030981AJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6604000 | PA      | $6675693.46   | 0.14%             | 2026-08-20      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| DAVITA INC                                                 | DaVita Inc                                                                       | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |  31190000 | PA      | $29173465.92  | 0.60%             | 2030-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                     | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1725000 | PA      | $1691486.44   | 0.03%             | 2028-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CARNIVAL CORP                                              | Carnival Corp                                                                    | CUSIP: 143658BN1<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |  35725000 | PA      | $35788590.50  | 0.74%             | 2027-03-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                           | CSC Holdings LLC                                                                 | CUSIP: 126307AS6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   4950000 | PA      | $4508468.70   | 0.09%             | 2028-02-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                                    | Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl     | CUSIP: 049362AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   5525000 | PA      | $5276375.00   | 0.11%             | 2028-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Level 3 Financing Inc                                      | LEVEL 3 FINANCING INC                                                            | CUSIP: 52729KAT3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | LON              | CORP              | US        |   3625000 | PA      | $3644031.25   | 0.08%             | 2032-03-27      | Floating      | 8.58%                 | No            |                  2 | On Loan: No      |
| SALLY HOLDINGS/SALLY CAP                                   | Sally Holdings LLC / Sally Capital Inc                                           | CUSIP: 79546VAQ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10415000 | PA      | $10583458.74  | 0.22%             | 2032-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| TRANSOCEAN INC                                             | Transocean Inc                                                                   | CUSIP: 893830BZ1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |   3530000 | PA      | $3018150.00   | 0.06%             | 2031-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Eco Material Technologies Inc.                             | ECO MATERIAL TECH INC                                                            | CUSIP: 27888XAB3<br>LEI: 2549001ARPX05UHXX452 | Long             | LON              | CORP              | US        |   4038000 | PA      | $4017810.00   | 0.08%             | 2032-02-12      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| ALTA EQUIPMENT GROUP                                       | Alta Equipment Group Inc                                                         | CUSIP: 02128LAC0<br>LEI: 549300DGOB28CLGS1X27 | Long             | DBT              | CORP              | US        |   5745000 | PA      | $5055779.25   | 0.10%             | 2029-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| GREYSTAR REAL ESTATE PAR                                   | Greystar Real Estate Partners LLC                                                | CUSIP: 39807UAD8<br>LEI: 254900HGC806SXAS4M46 | Long             | DBT              | CORP              | US        |    550000 | PA      | $584444.18    | 0.01%             | 2030-09-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| LABL INC                                                   | LABL Inc                                                                         | CUSIP: 50168AAA8<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |  14710000 | PA      | $13973245.53  | 0.29%             | 2027-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                   | Univision Communications Inc                                                     | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |  16915000 | PA      | $16927134.37  | 0.35%             | 2028-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Venator Materials LLC                                      | VENATOR FIN SARL                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5336877 | PA      | $5283507.89   | 0.11%             | 2025-12-31      | Floating      | 6.31%                 | No            |                  3 | On Loan: No      |
| 1011778 BC / NEW RED FIN                                   | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |  11635000 | PA      | $10700709.50  | 0.22%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| STARWOOD PROPERTY TRUST                                    | Starwood Property Trust Inc                                                      | CUSIP: 85571BBC8<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    775000 | PA      | $773729.91    | 0.02%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                            | United States Treasury Note/Bond                                                 | CUSIP: 91282CME8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3200000 | PA      | $3212250.00   | 0.07%             | 2026-12-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC                                     | Arsenal AIC Parent LLC                                                           | CUSIP: 04288BAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1837395.45   | 0.04%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: —       |
| Asurion LLC                                                | Asurion LLC                                                                      | CUSIP: 04649VAY6<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   1992000 | PA      | $1979135.66   | 0.04%             | 2027-07-31      | Floating      | 7.69%                 | Yes           |                  2 | On Loan: No      |
| NRG ENERGY INC                                             | NRG Energy Inc                                                                   | CUSIP: 629377CH3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |  24775000 | PA      | $24481121.36  | 0.51%             | 2029-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BEAZER HOMES USA                                           | Beazer Homes USA Inc                                                             | CUSIP: 07556QBT1<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |   6417000 | PA      | $6343856.05   | 0.13%             | 2029-10-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| Intelsat SA/Luxembourg                                     | Intelsat SA/Luxembourg                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     65330 | NS      | $2705086.65   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                             | Transocean Inc                                                                   | CUSIP: 893830BY4<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |  14705000 | PA      | $13211413.15  | 0.27%             | 2029-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                             | Carlyle Global Market Strategies CLO 2014-3-R Ltd                                | CUSIP: 14315LAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    904377 | PA      | $904893.41    | 0.02%             | 2031-07-27      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| WHITE CAP BUYER LLC                                        | White Cap Buyer LLC                                                              | CUSIP: 96350RAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3850000 | PA      | $3771938.47   | 0.08%             | 2028-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                   | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AJ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    425000 | PA      | $437484.31    | 0.01%             | 2028-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Cablevision Lightpath LLC                                  | CABLEVISION LIGHTPATH LLC                                                        | CUSIP: 12687HAD9<br>LEI: 5493002ZVBLRLGES1R71 | Long             | LON              | CORP              | US        |    336424 | PA      | $335793.35    | 0.01%             | 2027-11-30      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                                  | PG&E Corp                                                                        | CUSIP: 69331CAH1<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |   2275000 | PA      | $2221029.57   | 0.05%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM                                       | Taylor Morrison Communities Inc                                                  | CUSIP: 87724RAG7<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1432337.95   | 0.03%             | 2027-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ACCO BRANDS CORP                                           | ACCO Brands Corp                                                                 | CUSIP: 00081TAK4<br>LEI: JCT8P4Y190IH4I1NX328 | Long             | DBT              | CORP              | US        |  11123000 | PA      | $9811777.20   | 0.20%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| HERC HOLDINGS INC                                          | Herc Holdings Inc                                                                | CUSIP: 42704LAE4<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   4385000 | PA      | $4441398.13   | 0.09%             | 2029-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: —       |
| SLM CORP                                                   | SLM Corp                                                                         | CUSIP: 78442PGF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1820000 | PA      | $1882778.14   | 0.04%             | 2030-01-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: —       |
| LCM INVESTMENTS HOLDINGS                                   | LCM Investments Holdings II LLC                                                  | CUSIP: 50190EAA2<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |   7638000 | PA      | $7358790.17   | 0.15%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| LifePoint Health Inc                                       | LIFEPOINT HEALTH INC                                                             | CUSIP: 75915TAK8<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |   1072312 | PA      | $1057300.13   | 0.02%             | 2031-05-16      | Floating      | 8.01%                 | No            |                  2 | On Loan: No      |
| BEAZER HOMES USA                                           | Beazer Homes USA Inc                                                             | CUSIP: 07556QBR5<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |  20212000 | PA      | $19986300.91  | 0.41%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| DIVERSIFIED HEALTHCARE T                                   | Diversified Healthcare Trust                                                     | CUSIP: 81721MAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1225000 | PA      | $1122259.27   | 0.02%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                    | Starwood Property Trust Inc                                                      | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |   4625000 | PA      | $4812415.36   | 0.10%             | 2029-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| REPUBLIC OF ECUADOR                                        | Ecuador Government International Bond                                            | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     91897 | PA      | $57619.54     | 0.00%             | 2030-07-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                             | NRG Energy Inc                                                                   | CUSIP: 629377CE0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |  12099000 | PA      | $12137088.64  | 0.25%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                      | Level 3 Financing Inc                                                            | CUSIP: 527298BX0<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |  19047000 | PA      | $21468523.62  | 0.44%             | 2029-04-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                             | Transocean Inc                                                                   | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |   1976000 | PA      | $1998526.40   | 0.04%             | 2030-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: —       |
| LINDBLAD EXPEDITIONS LLC                                   | Lindblad Expeditions LLC                                                         | CUSIP: 53523LAA8<br>LEI: 549300MPUWOG67Y2R254 | Long             | DBT              | CORP              | US        |  20525000 | PA      | $20470601.28  | 0.42%             | 2027-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                           | CSC Holdings LLC                                                                 | CUSIP: 126307AQ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   5071000 | PA      | $4803575.59   | 0.10%             | 2027-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                      | American Airlines Inc                                                            | CUSIP: 023771T32<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |   2925000 | PA      | $2955060.38   | 0.06%             | 2028-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC                                               | ACRISURE LLC                                                                     | CUSIP: 00488PAU9<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |  18567096 | PA      | $18528420.67  | 0.38%             | 2027-02-15      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                            | United States Treasury Note/Bond                                                 | CUSIP: 91282CMH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6200000 | PA      | $6215015.63   | 0.13%             | 2027-01-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| NCR VOYIX CORP                                             | NCR Voyix Corp                                                                   | CUSIP: 62886EBA5<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |   1577000 | PA      | $1538209.99   | 0.03%             | 2029-04-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                                           | MGM Resorts International                                                        | CUSIP: 552953CK5<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4016241.74   | 0.08%             | 2029-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORP                                    | SBA Communications Corp                                                          | CUSIP: 78410GAG9<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |   2612000 | PA      | $2427946.81   | 0.05%             | 2029-02-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: —       |
| DCLI BIDCO LLC                                             | Dcli Bidco LLC                                                                   | CUSIP: 233104AA6<br>LEI: 2549007UUVJTHHNK9T70 | Long             | DBT              | CORP              | US        |   6275000 | PA      | $6313846.70   | 0.13%             | 2029-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| NCL CORPORATION LTD                                        | NCL Corp Ltd                                                                     | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   5840000 | PA      | $5818100.00   | 0.12%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SNF GROUP SACA                                             | SNF Group SACA                                                                   | CUSIP: 7846ELAD9<br>LEI: 969500F7036FEDYPRV54 | Long             | DBT              | CORP              | FR        |  18392000 | PA      | $17598845.00  | 0.36%             | 2027-03-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                   | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318BC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    525000 | PA      | $523271.76    | 0.01%             | 2033-11-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL GAME TECH                                    | International Game Technology PLC                                                | CUSIP: 460599AD5<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |   4000000 | PA      | $4030000.00   | 0.08%             | 2027-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ASSUREDPARTNERS INC                                        | AssuredPartners Inc                                                              | CUSIP: 04624VAB5<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1897927.77   | 0.04%             | 2029-01-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                              | DISH DBS Corp                                                                    | CUSIP: 25470XAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  33600000 | PA      | $28901490.67  | 0.60%             | 2026-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| EMPIRE COMMUNITIES CORP                                    | Empire Communities Corp                                                          | CUSIP: 29163VAG8<br>LEI: 549300JM1L6KK2QFP273 | Long             | DBT              | CORP              | CA        |   7870000 | PA      | $7879837.50   | 0.16%             | 2029-05-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Bank of America, National Association                      | USD/GBP FORWARD                                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |         1 | NC      | $28968.25     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PENN ENTERTAINMENT INC                                     | Penn Entertainment Inc                                                           | CUSIP: 707569AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $224018.43    | 0.00%             | 2029-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: —       |
| Cimpress PLC                                               | CIMPRESS PLC                                                                     | CUSIP: 000000000<br>LEI: 549300X1IFD75XISOR81 | Long             | LON              | CORP              | IE        |   6932155 | PA      | $6897494.26   | 0.14%             | 2028-05-17      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                                           | Trinitas CLO XXVI Ltd                                                            | CUSIP: 89642MAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |  30000000 | PA      | $30000000.00  | 0.62%             | 2035-01-20      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                                   | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   7025000 | PA      | $6820502.25   | 0.14%             | 2028-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GRAHAM PACKAGING/GPC CAP                                   | Graham Packaging Co Inc                                                          | CUSIP: 384701AA6<br>LEI: 549300YS0ZFT826HIK72 | Long             | DBT              | CORP              | US        |   4520000 | PA      | $4435058.93   | 0.09%             | 2028-08-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| PGIM Institutional Money Market Fund - D                   | PGIM Institutional Money Market Fund - D                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        | 194851022 | NS      | $194714625.82 | 4.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                   | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    500000 | PA      | $507500.00    | 0.01%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                                           | Allied Universal Holdco LLC / Allied Universal Finance Corp                      | CUSIP: 019576AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10774000 | PA      | $10860625.35  | 0.22%             | 2027-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                     | Venture Global LNG Inc                                                           | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |  24176000 | PA      | $25803878.52  | 0.53%             | 2029-02-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Altice Financing SA                                        | Altice Financing SA                                                              | CUSIP: 000000000<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | LON              | CORP              | LU        |   5084975 | PA      | $4156966.86   | 0.09%             | 2027-10-31      | Floating      | 9.26%                 | No            |                  3 | On Loan: No      |
| PREEM HOLDING AB                                           | Preem Holdings AB                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | SE        |   9360000 | PA      | $10973215.89  | 0.23%             | 2027-06-30      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                              | TransDigm Inc                                                                    | CUSIP: 893647BL0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |  21341000 | PA      | $21336042.97  | 0.44%             | 2027-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                         | Viking Cruises Ltd                                                               | CUSIP: 92676XAF4<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |  17775000 | PA      | $17889648.75  | 0.37%             | 2029-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| BROOKFIELD RESID PROPERT                                   | Brookfield Residential Properties Inc / Brookfield Residential US LLC            | CUSIP: 11283YAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |  27089000 | PA      | $26614942.50  | 0.55%             | 2027-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TRI POINTE HOMES INC                                       | Tri Pointe Homes Inc                                                             | CUSIP: 87265HAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  21693000 | PA      | $21465562.43  | 0.44%             | 2027-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                    | United Rentals North America Inc                                                 | CUSIP: 911365BG8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1063202.49   | 0.02%             | 2028-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                             | Bombardier Inc                                                                   | CUSIP: 097751BZ3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   2995000 | PA      | $3092337.50   | 0.06%             | 2029-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| NCR VOYIX CORP                                             | NCR Voyix Corp                                                                   | CUSIP: 62886EAY4<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |  18655000 | PA      | $18379511.39  | 0.38%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                                   | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   4210000 | PA      | $4280012.30   | 0.09%             | 2029-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: —       |
| Connect US Finco LLC                                       | CONNECT FINCO SARL                                                               | CUSIP: 000000000<br>LEI: 2594001KNYIQ456J2792 | Long             | LON              | CORP              | LU        |   7042003 | PA      | $7005032.50   | 0.14%             | 2026-12-11      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                                         | Expand Energy Corp                                                               | CUSIP: 845467AS8<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |   4030000 | PA      | $4009725.80   | 0.08%             | 2030-03-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                       | OneMain Finance Corp                                                             | CUSIP: 682691AH3<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   3950000 | PA      | $3994421.37   | 0.08%             | 2029-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                                            | Lamb Weston Holdings Inc                                                         | CUSIP: 513272AD6<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |   4425000 | PA      | $4174580.27   | 0.09%             | 2030-01-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                                    | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 55342UAH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9055000 | PA      | $7913023.67   | 0.16%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                   | Olympus Water US Holding Corp                                                    | CUSIP: 25259KAA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |  14100000 | PA      | $14778931.99  | 0.31%             | 2028-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Venator Materials PLC                                      | Venator Materials PLC                                                            | CUSIP: 000000000<br>LEI: 549300WFXC4YL5IHX316 | Long             | EC               | CORP              | GB        |     26944 | NS      | $5388800.00   | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Voya CLO Ltd                                               | Voya CLO 2015-3 Ltd                                                              | CUSIP: 92913UBC9<br>LEI: 254900MS3D9HONB0N824 | Long             | ABS-CBDO         | CORP              | KY        |  17714074 | PA      | $17738976.95  | 0.37%             | 2031-10-20      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                      | Tenet Healthcare Corp                                                            | CUSIP: 88033GDR8<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |  19675000 | PA      | $18801759.64  | 0.39%             | 2030-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                      | Bausch Health Cos Inc                                                            | CUSIP: 071734AL1<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    630000 | PA      | $333900.00    | 0.01%             | 2031-02-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| B&G FOODS INC                                              | B&G Foods Inc                                                                    | CUSIP: 05508WAB1<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |  23876000 | PA      | $20917238.13  | 0.43%             | 2027-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Doncasters US Finance LLC                                  | DONCASTERS US FINANCE LLC                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1185000.00   | 0.02%             | 2030-04-23      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| ENTEGRIS INC                                               | Entegris Inc                                                                     | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1846174.89   | 0.04%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                                   | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3260000 | PA      | $3269744.89   | 0.07%             | 2028-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                    | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153BG6<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |  20740000 | PA      | $20690224.00  | 0.43%             | 2028-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Great Outdoors Group LLC                                   | GREAT OUTDOORS GROUP LLC                                                         | CUSIP: 07014QAP6<br>LEI: 549300IYLDI2E8I2AU46 | Long             | LON              | CORP              | US        |   6330734 | PA      | $6259512.85   | 0.13%             | 2032-01-23      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                            | United States Treasury Note/Bond                                                 | CUSIP: 91282CLP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1887000 | PA      | $1873953.16   | 0.04%             | 2026-09-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NEWGENERATIONGASGATHERINGLLC                               | NEWGENERATIONGASGATHERINGLLC                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1459459 | PA      | $1437567.12   | 0.03%             | 2029-09-30      | Floating      | 0.01%                 | No            |                  3 | On Loan: No      |
| NEW GENERATION GAS - UNFUNDED                              | NEW GENERATION GAS - UNFUNDED                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    729730 | PA      | $718783.60    | 0.01%             | 2029-09-30      | Floating      | 0.01%                 | No            |                  3 | On Loan: No      |
| ATI INC                                                    | ATI Inc                                                                          | CUSIP: 01741RAN2<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |   1761000 | PA      | $1845072.55   | 0.04%             | 2030-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| GGAM FINANCE LTD                                           | GGAM Finance Ltd                                                                 | CUSIP: 36170JAC0<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |  14105000 | PA      | $14457625.00  | 0.30%             | 2027-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Venator Materials LLC                                      | VENATOR FINANCE SARL                                                             | CUSIP: 000000000<br>LEI: 2221000BJZTBBAJL7429 | Long             | LON              | CORP              | LU        |   7608722 | PA      | $6277195.97   | 0.13%             | 2028-10-12      | Floating      | 14.32%                | No            |                  2 | On Loan: No      |
| NEW GENERATION GAS GATHERING LLC                           | NEW GENERATION GAS GATHERING LLC                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1751351 | PA      | $1725080.74   | 0.04%             | 2029-09-30      | Floating      | 0.01%                 | No            |                  3 | On Loan: No      |
| ONEMAIN FINANCE CORP                                       | OneMain Finance Corp                                                             | CUSIP: 85172FAR0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   7250000 | PA      | $7025435.59   | 0.15%             | 2029-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PHH ESCROW ISS LCC/PHH C                                   | PHH Escrow Issuer LLC/PHH Corp                                                   | CUSIP: 716964AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3925000 | PA      | $3856665.46   | 0.08%             | 2029-11-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| Likewize Corp.                                             | LIKEWIZE CORP                                                                    | CUSIP: 000000000<br>LEI: TF9O1XIG83ZLXX7WN472 | Long             | LON              | CORP              | US        |   4443750 | PA      | $4266000.00   | 0.09%             | 2029-08-15      | Floating      | 10.03%                | No            |                  2 | On Loan: No      |
| BRINK'S CO/THE                                             | Brink's Co/The                                                                   | CUSIP: 109696AA2<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |    661000 | PA      | $652224.19    | 0.01%             | 2027-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ARD FINANCE SA                                             | ARD Finance SA                                                                   | CUSIP: 00191AAD8<br>LEI: 6354006P6QPGGPVJW880 | Long             | DBT              | CORP              | LU        |   3316000 | PA      | $116060.00    | 0.00%             | 2027-06-30      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| STL HOLDING CO LLC                                         | STL Holding Co LLC                                                               | CUSIP: 861036AB7<br>LEI: 984500BC2I63E7F48656 | Long             | DBT              | CORP              | US        |   9311000 | PA      | $9745722.55   | 0.20%             | 2029-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                        | NCL Corp Ltd                                                                     | CUSIP: 62886HBG5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   8875000 | PA      | $9328778.75   | 0.19%             | 2029-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| TPC Group Inc                                              | TPC GROUP INC                                                                    | CUSIP: 87266EAG0<br>LEI: 549300K276KVW5JD1583 | Long             | LON              | CORP              | US        |  12675000 | PA      | $11977875.00  | 0.25%             | 2031-11-21      | Floating      | 9.95%                 | No            |                  3 | On Loan: No      |
| BAUSCH HEALTH COS INC                                      | Bausch Health Cos Inc                                                            | CUSIP: 071734AM9<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    330000 | PA      | $211200.00    | 0.00%             | 2029-02-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| DIGICEL GROUP HOLDINGS                                     | Digicel Group Holdings Ltd                                                       | CUSIP: 25381HAM0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    364409 | PA      | $0.36         | 0.00%             | 2030-12-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| CABLEVISION LIGHTPATH                                      | Cablevision Lightpath LLC                                                        | CUSIP: 12687GAA7<br>LEI: 5493002ZVBLRLGES1R71 | Long             | DBT              | CORP              | US        |  13680000 | PA      | $13129975.33  | 0.27%             | 2027-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ARKO CORP                                                  | Arko Corp                                                                        | CUSIP: 041242AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9750000 | PA      | $8136948.23   | 0.17%             | 2029-11-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| B&G FOODS INC                                              | B&G Foods Inc                                                                    | CUSIP: 05508WAC9<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |   9605000 | PA      | $9061662.37   | 0.19%             | 2028-09-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Vista Management Holding Inc.                              | VISTA MANAGEMENT HOLDING INC                                                     | CUSIP: 92842EAB4<br>LEI: 5299005VABKD28UWHI65 | Long             | LON              | CORP              | US        |   2675000 | PA      | $2675000.00   | 0.06%             | 2031-03-18      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                      | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAB3<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |  15600000 | PA      | $14830468.04  | 0.31%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                           | CSC Holdings LLC                                                                 | CUSIP: 126307BF3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $131273.65    | 0.00%             | 2031-02-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Trident TPI Holdings Inc                                   | TRIDENT TPI HOLDINGS INC                                                         | CUSIP: 00216EAL3<br>LEI: 549300TPLK304J3RNC85 | Long             | LON              | CORP              | US        |  28069734 | PA      | $27122380.46  | 0.56%             | 2028-09-15      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP                                     | AmeriGas Partners LP / AmeriGas Finance Corp                                     | CUSIP: 030981AL8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4429000 | PA      | $4327699.88   | 0.09%             | 2027-05-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| POPULAR INC                                                | Popular Inc                                                                      | CUSIP: 733174AL0<br>LEI: 5493008CARDZMVQ3LO89 | Long             | DBT              | CORP              | US        |  13700000 | PA      | $14324172.00  | 0.30%             | 2028-03-13      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| DIG MIDCO/DIFL US II LLC                                   | Digicel Midco Ltd / Difl US II LLC                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | LC        |  13028637 | PA      | $12621492.09  | 0.26%             | 2028-11-25      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                           | GGAM Finance Ltd                                                                 | CUSIP: 36170JAA4<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |   9175000 | PA      | $9610812.50   | 0.20%             | 2028-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                                    | Crescent Energy Finance LLC                                                      | CUSIP: 45344LAC7<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |   8485000 | PA      | $8761515.50   | 0.18%             | 2028-02-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: —       |
| Windstream Services LLC                                    | WINDSTREAM SERVICES LLC                                                          | CUSIP: 97381JAJ2<br>LEI: 549300KT9GVEBYCD2N29 | Long             | LON              | CORP              | US        |   6500000 | PA      | $6516250.00   | 0.13%             | 2031-09-26      | Floating      | 9.18%                 | No            |                  3 | On Loan: No      |
| ONEMAIN FINANCE CORP                                       | OneMain Finance Corp                                                             | CUSIP: 85172FAQ2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   6036000 | PA      | $6146167.43   | 0.13%             | 2028-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: —       |
| CONNECT FINCO SARL/CONNE                                   | Connect Finco SARL / Connect US Finco LLC                                        | CUSIP: 20752TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |  18296000 | PA      | $17404070.00  | 0.36%             | 2029-09-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: —       |
| VISTAJET MALTA/VM HOLDS                                    | VistaJet Malta Finance PLC / Vista Management Holding Inc                        | CUSIP: 92840JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |  13033000 | PA      | $12739757.50  | 0.26%             | 2027-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                                                | Gap Inc/The                                                                      | CUSIP: 364760AP3<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |  20950000 | PA      | $19184724.89  | 0.40%             | 2029-10-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: —       |
| WESCO DISTRIBUTION INC                                     | WESCO Distribution Inc                                                           | CUSIP: 95081QAQ7<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |   2790000 | PA      | $2848669.11   | 0.06%             | 2029-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| CCM MERGER INC                                             | CCM Merger Inc                                                                   | CUSIP: 14985VAE1<br>LEI: 549300P77RSBKKFME089 | Long             | DBT              | CORP              | US        |  23044000 | PA      | $23049818.39  | 0.48%             | 2026-05-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CORNERSTONECHEMCO                                          | CORNERSTONECHEMCO                                                                | CUSIP: 21925AAQ8<br>LEI: BL03B05TRUKQ14Y1HC46 | Long             | DBT              | CORP              | US        |   3268406 | PA      | $2672575.59   | 0.06%             | 2029-05-07      | Floating      | 10.00%                | No            |                  3 | On Loan: No      |
| MLN US HoldCo LLC                                          | MLN US Holdco LLC                                                                | CUSIP: 55292HAL7<br>LEI: 549300QKU7NPW6O86862 | Long             | LON              | CORP              | US        |      4000 | PA      | $10.00        | 0.00%             | 2027-10-18      | Floating      | 17.75%                | No            |                  3 | On Loan: No      |
| VICI PROPERTIES / NOTE                                     | VICI Properties LP / VICI Note Co Inc                                            | CUSIP: 92564RAH8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10120000 | PA      | $10060851.10  | 0.21%             | 2026-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                      | Bausch Health Cos Inc                                                            | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   6734000 | PA      | $5496627.50   | 0.11%             | 2028-06-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                       | OneMain Finance Corp                                                             | CUSIP: 682691AJ9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   8400000 | PA      | $8347893.79   | 0.17%             | 2032-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                                     | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4145000 | PA      | $4223487.48   | 0.09%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LD HOLDINGS GROUP LLC                                      | LD Holdings Group LLC                                                            | CUSIP: 521088AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2950000 | PA      | $2403688.53   | 0.05%             | 2028-04-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PM GENERAL PURCHASER LLC                                   | PM General Purchaser LLC                                                         | CUSIP: 69356MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10375000 | PA      | $6668532.20   | 0.14%             | 2028-10-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| VALARIS LTD                                                | Valaris Ltd                                                                      | CUSIP: 91889FAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2200000 | PA      | $2201575.20   | 0.05%             | 2030-04-30      | Fixed         | 8.38%                 | No            |                  2 | On Loan: —       |
| Sound Point CLO LTD                                        | Sound Point Clo XXI Ltd                                                          | CUSIP: 83613HAL1<br>LEI: 5493001O6AOY43J70E72 | Long             | ABS-CBDO         | CORP              | KY        |   8422995 | PA      | $8441394.13   | 0.17%             | 2031-10-26      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                                | Vistra Operations Co LLC                                                         | CUSIP: 92840VAA0<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   7892000 | PA      | $7897017.98   | 0.16%             | 2026-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                     | WESCO Distribution Inc                                                           | CUSIP: 95081QAP9<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |   4602000 | PA      | $4658277.03   | 0.10%             | 2028-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| MACQUARIE AIRFINANCE HLD                                   | Macquarie Airfinance Holdings Ltd                                                | CUSIP: 55609NAC2<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |   7100000 | PA      | $7337457.37   | 0.15%             | 2029-03-26      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                   | Builders FirstSource Inc                                                         | CUSIP: 12008RAN7<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   1490000 | PA      | $1445853.79   | 0.03%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AETHON UN/AETHIN UN FIN                                    | Aethon United BR LP / Aethon United Finance Corp                                 | CUSIP: 00810GAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3580000 | PA      | $3668636.34   | 0.08%             | 2029-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                      | Caesars Entertainment Inc                                                        | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |  13950000 | PA      | $14305799.46  | 0.30%             | 2030-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                      | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAD9<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    617000 | PA      | $650490.51    | 0.01%             | 2029-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                     | Venture Global LNG Inc                                                           | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   7555000 | PA      | $8048197.15   | 0.17%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: —       |
| HERC HOLDINGS ESCROW INC                                   | Herc Holdings Escrow Inc                                                         | CUSIP: 42703NAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9625000 | PA      | $9917146.33   | 0.21%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                                     | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765LAN7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1490000 | PA      | $1485413.44   | 0.03%             | 2028-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                           | GGAM Finance Ltd                                                                 | CUSIP: 36170JAB2<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |   5075000 | PA      | $5106718.75   | 0.11%             | 2026-05-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| ROYAL CARIBBEAN CRUISES                                    | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153BW1<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   3665000 | PA      | $3608192.50   | 0.07%             | 2031-09-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                                          | CLARIOS GLOBAL LP                                                                | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |   8375000 | PA      | $8343593.75   | 0.17%             | 2032-01-28      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                      | GFL Environmental Inc                                                            | CUSIP: 36168QAL8<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |   4975000 | PA      | $4782218.75   | 0.10%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES LTD                                      | Nabors Industries Ltd                                                            | CUSIP: 629571AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     70000 | PA      | $58012.50     | 0.00%             | 2028-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                   | Vistra Operations Co LLC                                                         | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   9800000 | PA      | $9798183.90   | 0.20%             | 2027-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| HERCULES LLC                                               | Hercules LLC                                                                     | CUSIP: 427056AU0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2005000 | PA      | $2010393.61   | 0.04%             | 2029-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                     | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   3350000 | PA      | $3386969.81   | 0.07%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                                        | Altice Financing SA                                                              | CUSIP: 02154CAJ2<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |   2150000 | PA      | $1881250.00   | 0.04%             | 2027-07-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| JELD-WEN INC                                               | JELD-WEN Inc                                                                     | CUSIP: 475795AD2<br>LEI: 549300XWE6NM0N1HFW16 | Long             | DBT              | CORP              | US        |  11045000 | PA      | $9664551.34   | 0.20%             | 2027-12-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| CLEVELAND-CLIFFS INC                                       | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AS0<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   1465000 | PA      | $1316569.22   | 0.03%             | 2031-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| BOYD GAMING CORP                                           | Boyd Gaming Corp                                                                 | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |   2375000 | PA      | $2226871.65   | 0.05%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| FIRST QUANTUM MINERALS L                                   | First Quantum Minerals Ltd                                                       | CUSIP: 335934AT2<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   9601000 | PA      | $9482907.70   | 0.20%             | 2027-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                | Asurion LLC                                                                      | CUSIP: 04649VAX8<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   8727183 | PA      | $8717365.13   | 0.18%             | 2026-12-23      | Floating      | 7.69%                 | Yes           |                  2 | On Loan: No      |
| Venator Materials LLC                                      | VNTR PIK-TERM B 1L USD                                                           | CUSIP: 000000000<br>LEI: 2221000BJZTBBAJL7429 | Long             | LON              | CORP              | LU        |   5366129 | PA      | $5312467.87   | 0.11%             | 2026-07-16      | Floating      | 14.30%                | No            |                  3 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                                     | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765LAQ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6575000 | PA      | $6566255.39   | 0.14%             | 2027-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NOBLE FINANCE II LLC                                       | Noble Finance II LLC                                                             | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5950000 | PA      | $5945352.21   | 0.12%             | 2030-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                   | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AP6<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   4320000 | PA      | $4365705.55   | 0.09%             | 2029-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                            | Gen Digital Inc                                                                  | CUSIP: 668771AK4<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |   4525000 | PA      | $4601008.25   | 0.10%             | 2027-09-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                | US 10YR NOTE (CBT)                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -422 | NC      | $-323086.28   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                      | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |   9035000 | PA      | $9313749.56   | 0.19%             | 2029-02-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                                     | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8175000 | PA      | $8183195.96   | 0.17%             | 2027-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                   | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10500000 | PA      | $11027113.29  | 0.23%             | 2028-09-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS                                     | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4040000 | PA      | $4077231.74   | 0.08%             | 2030-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                   | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2610541.21   | 0.05%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                             | Wynn Macau Ltd                                                                   | CUSIP: 98313RAH9<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |   4962000 | PA      | $4775925.00   | 0.10%             | 2028-08-26      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| DIAMOND SPORTS GRP LLC- CS                                 | DIAMOND SPORTS GRP LLC- CS                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     87655 | NS      | $1245402.24   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| HUDBAY MINERALS INC                                        | Hudbay Minerals Inc                                                              | CUSIP: 443628AJ1<br>LEI: 549300WI524AL577IX21 | Long             | DBT              | CORP              | CA        |  24015000 | PA      | $23816395.95  | 0.49%             | 2026-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                      | Caesars Entertainment Inc                                                        | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |  28490000 | PA      | $26604970.08  | 0.55%             | 2029-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Foundation Building Materials Inc                          | FOUNDATION BUILDING MATERIALS INC                                                | CUSIP: 35039KAE6<br>LEI: 549300ZVE6MONHB01I28 | Long             | LON              | CORP              | US        |    950000 | PA      | $894187.50    | 0.02%             | 2031-01-29      | Floating      | 9.55%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                                      | Freedom Mortgage Corp                                                            | CUSIP: 35640YAJ6<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |  16050000 | PA      | $16014438.74  | 0.33%             | 2027-01-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| MPH ACQUISITION HOLDINGS                                   | MPH Acquisition Holdings LLC                                                     | CUSIP: 553283AF9<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |   1760157 | PA      | $1726525.32   | 0.04%             | 2030-12-31      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                                   | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VAR4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  17658000 | PA      | $17924850.97  | 0.37%             | 2028-12-31      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                              | DISH DBS Corp                                                                    | CUSIP: 25470XBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    950000 | PA      | $622573.91    | 0.01%             | 2029-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                   | Olympus Water US Holding Corp                                                    | CUSIP: 16308NAA2<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |  22064000 | PA      | $22421970.70  | 0.46%             | 2027-10-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| VERTIV GROUP CORPORATION                                   | Vertiv Group Corp                                                                | CUSIP: 92535UAB0<br>LEI: 549300ZT8RQ5VK10E643 | Long             | DBT              | CORP              | US        |   2005000 | PA      | $1942165.14   | 0.04%             | 2028-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: —       |
| HERITAGE PWR LLC                                           | HERITAGE PWR LLC                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    217638 | NS      | $12350956.50  | 0.26%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CLARIV SCI HLD CORP                                        | Clarivate Science Holdings Corp                                                  | CUSIP: 18064PAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1572204.66   | 0.03%             | 2029-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| PARK INTERMED HOLDINGS                                     | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6187000 | PA      | $6091355.07   | 0.13%             | 2028-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                                           | Boyd Gaming Corp                                                                 | CUSIP: 103304BU4<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |   1725000 | PA      | $1699262.74   | 0.04%             | 2027-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS                                     | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8500000 | PA      | $8041650.23   | 0.17%             | 2029-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                                    | American Axle & Manufacturing Inc                                                | CUSIP: 02406PAU4<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |   5040000 | PA      | $5014267.90   | 0.10%             | 2027-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| BRINKER INTERNATIONAL IN                                   | Brinker International Inc                                                        | CUSIP: 109641AK6<br>LEI: 52990067JY6PBGJNTG76 | Long             | DBT              | CORP              | US        |   8500000 | PA      | $9017965.53   | 0.19%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CAMELOT FINANCE SA                                         | Camelot Finance SA                                                               | CUSIP: 13323AAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |  14954000 | PA      | $14865621.86  | 0.31%             | 2026-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                                   | Standard Industries Inc/NY                                                       | CUSIP: 853496AD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5600000 | PA      | $5503374.39   | 0.11%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                                   | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AP0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $938195.94    | 0.02%             | 2030-04-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                                      | Freedom Mortgage Corp                                                            | CUSIP: 35640YAK3<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |   2950000 | PA      | $3168276.83   | 0.07%             | 2028-10-01      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                      | Bausch Health Cos Inc                                                            | CUSIP: 071734AQ0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |  13683000 | PA      | $13075311.97  | 0.27%             | 2028-09-30      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Acrisure LLC                                               | ACRISURE LLC                                                                     | CUSIP: 00488PAV7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |  20474818 | PA      | $20321256.91  | 0.42%             | 2030-11-06      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| FORTRESS INTERMEDIATE                                      | Fortress Intermediate 3 Inc                                                      | CUSIP: 34966MAA0<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | DBT              | CORP              | US        |   4940000 | PA      | $5108609.61   | 0.11%             | 2031-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| CLYDESDALE ACQUISITION                                     | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   8710000 | PA      | $8901789.33   | 0.18%             | 2030-04-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                              | EchoStar Corp                                                                    | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3519805.58   | 0.07%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Hilcorp Energy I LP                                        | HILCORP ENERGY I LP                                                              | CUSIP: 431319AH5<br>LEI: 549300ITPIHLG0LHEC09 | Long             | LON              | CORP              | US        |   2525000 | PA      | $2515531.25   | 0.05%             | 2030-02-05      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                        | Medline Borrower LP                                                              | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |  59730000 | PA      | $56325778.70  | 1.17%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Mavis Tire Express Services Topco Corp                     | MAVIS TIRE EXPRESS SERVICES TOPCO CORP                                           | CUSIP: 57777YAG1<br>LEI: 254900NVDM4GTLBL9E56 | Long             | LON              | CORP              | US        |  13319550 | PA      | $13198248.92  | 0.27%             | 2028-05-04      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                       | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   4985000 | PA      | $4634381.56   | 0.10%             | 2029-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP                                     | AmeriGas Partners LP / AmeriGas Finance Corp                                     | CUSIP: 030981AP9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2780000 | PA      | $2808009.71   | 0.06%             | 2030-06-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| XPLORE INC                                                 | XPLORE INC                                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    768379 | NS      | $1817734.99   | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| VIKING OCEAN CRUISES SHI                                   | Viking Ocean Cruises Ship VII Ltd                                                | CUSIP: 92682RAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4000000 | PA      | $3941920.00   | 0.08%             | 2029-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MLN US HoldCo LLC                                          | MLN US HOLDCO LLC                                                                | CUSIP: 55292HAG8<br>LEI: 549300QKU7NPW6O86862 | Long             | LON              | CORP              | US        |    244371 | PA      | $244.37       | 0.00%             | 2027-10-18      | Floating      | 14.94%                | No            |                  3 | On Loan: No      |
| Tenneco Inc                                                | TENNECO INC                                                                      | CUSIP: 88037HAP9<br>LEI: 549300U0EXXFAQFAD785 | Long             | LON              | CORP              | US        |   4600000 | PA      | $4452142.20   | 0.09%             | 2028-11-17      | Floating      | 9.41%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                                     | Comstock Resources Inc                                                           | CUSIP: 205768AT1<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |   5100000 | PA      | $4841118.91   | 0.10%             | 2030-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PRECISION DRILLING CORP                                    | Precision Drilling Corp                                                          | CUSIP: 740212AL9<br>LEI: 549300WF2OE8T5BP4B84 | Long             | DBT              | CORP              | CA        |   2154000 | PA      | $2143230.00   | 0.04%             | 2026-01-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: —       |
| EG GLOBAL FINANCE PLC                                      | eG Global Finance PLC                                                            | CUSIP: 28228PAC5<br>LEI: 549300TL8Q5207VYET27 | Long             | DBT              | CORP              | GB        |   3300000 | PA      | $3629571.00   | 0.08%             | 2028-11-30      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| TransUnion Intermediate Holdings Inc f/k/a TransUnion Corp | TRANS UNION LLC                                                                  | CUSIP: 89334GBG8<br>LEI: X8NPN6PWJOM1QCTYFV34 | Long             | LON              | CORP              | US        |   9626219 | PA      | $9617622.44   | 0.20%             | 2031-06-24      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES BV                                    | Sensata Technologies BV                                                          | CUSIP: 81725WAK9<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |   5600000 | PA      | $5238240.00   | 0.11%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                                   | Standard Industries Inc/NY                                                       | CUSIP: 853496AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  38960000 | PA      | $38677354.55  | 0.80%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| OLYMPUS WTR US HLDG CORP                                   | Olympus Water US Holding Corp                                                    | CUSIP: 681639AB6<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |   3650000 | PA      | $3383686.04   | 0.07%             | 2029-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                                      | Freedom Mortgage Corp                                                            | CUSIP: 35640YAH0<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |  21823000 | PA      | $21789742.65  | 0.45%             | 2026-05-01      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                                     | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20195000 | PA      | $20160696.63  | 0.42%             | 2028-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                                   | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AM7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20982000 | PA      | $19901454.27  | 0.41%             | 2029-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: —       |
| CABLEVISION LIGHTPATH                                      | Cablevision Lightpath LLC                                                        | CUSIP: 12687GAB5<br>LEI: 5493002ZVBLRLGES1R71 | Long             | DBT              | CORP              | US        |    200000 | PA      | $193046.52    | 0.00%             | 2028-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| LBM Acquisition LLC                                        | LBM Acquisition LLC                                                              | CUSIP: 50179JAB4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | LON              | CORP              | US        |   6878760 | PA      | $6603609.53   | 0.14%             | 2027-12-17      | Floating      | 8.18%                 | No            |                  2 | On Loan: No      |
| GO DADDY OPCO/FINCO                                        | Go Daddy Operating Co LLC / GD Finance Co Inc                                    | CUSIP: 38016LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15010000 | PA      | $14924618.20  | 0.31%             | 2027-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NCR ATLEOS LLC                                             | NCR Atleos Corp                                                                  | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |  11006000 | PA      | $12017610.40  | 0.25%             | 2029-04-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| GRIFFON CORPORATION                                        | Griffon Corp                                                                     | CUSIP: 398433AP7<br>LEI: 5493000C2SGNC7ZN3242 | Long             | DBT              | CORP              | US        |   6375000 | PA      | $6333195.16   | 0.13%             | 2028-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                              | DISH DBS Corp                                                                    | CUSIP: 25470XBB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    725000 | PA      | $495089.46    | 0.01%             | 2028-07-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                     | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAC9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    700000 | PA      | $710290.39    | 0.01%             | 2030-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP                                       | Reworld Holding Corp                                                             | CUSIP: 22303XAA3<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |  12356000 | PA      | $11697826.77  | 0.24%             | 2029-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                              | Carnival Corp                                                                    | CUSIP: 143658BY7<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   5375000 | PA      | $5368227.50   | 0.11%             | 2030-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| SS&C TECHNOLOGIES INC                                      | SS&C Technologies Inc                                                            | CUSIP: 78466CAC0<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |  24250000 | PA      | $24208835.47  | 0.50%             | 2027-09-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VITAL ENERGY INC                                           | Vital Energy Inc                                                                 | CUSIP: 516806AJ5<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |    650000 | PA      | $573563.90    | 0.01%             | 2030-10-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                      | QUIKRETE HOLDING 01/30/32                                                        | CUSIP: 74839XAL3<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |   2075000 | PA      | $2066353.48   | 0.04%             | 2032-02-10      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| MATTAMY GROUP CORP                                         | Mattamy Group Corp                                                               | CUSIP: 57701RAJ1<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |  33644000 | PA      | $33307560.00  | 0.69%             | 2027-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SHEA HOMES LP/FNDG CP                                      | Shea Homes LP / Shea Homes Funding Corp                                          | CUSIP: 82088KAK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8075000 | PA      | $7901372.49   | 0.16%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| FERRELLGAS ESCROW LLC 3/30/31 Equity Preferred             | FERRELLGAS ESCROW LLC 3/30/31 Equity Preferred                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1125000 | NS      | $1125000.00   | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| RXO INC                                                    | RXO Inc                                                                          | CUSIP: 98379JAA3<br>LEI: 549300KL8CA6GP8XPM30 | Long             | DBT              | CORP              | US        |   6345000 | PA      | $6516333.12   | 0.13%             | 2027-11-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                                    | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2670000 | PA      | $2715294.71   | 0.06%             | 2029-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                                   | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                             | CUSIP: 983133AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4575000 | PA      | $4465810.38   | 0.09%             | 2029-10-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| EQT CORP                                                   | EQT Corp                                                                         | CUSIP: 26884LBG3<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |  11784000 | PA      | $11999588.58  | 0.25%             | 2027-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                                     | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2501440.21   | 0.05%             | 2030-12-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ADTALEM GLOBAL EDUCATION                                   | Adtalem Global Education Inc                                                     | CUSIP: 00737WAA7<br>LEI: 549300Z467EZLMODV621 | Long             | DBT              | CORP              | US        |   4078000 | PA      | $4049976.27   | 0.08%             | 2028-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                            | United States Treasury Note/Bond                                                 | CUSIP: 91282CLY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2580000 | PA      | $2588969.53   | 0.05%             | 2026-11-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                    | Frontier Communications Holdings LLC                                             | CUSIP: 35906ABG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6925000 | PA      | $7021132.47   | 0.15%             | 2029-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| M/I HOMES INC                                              | M/I Homes Inc                                                                    | CUSIP: 55305BAS0<br>LEI: 5299005M71FH9CCSFB69 | Long             | DBT              | CORP              | US        |   8350000 | PA      | $8227306.09   | 0.17%             | 2028-02-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                                    | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9092000 | PA      | $9085502.15   | 0.19%             | 2027-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LABL INC                                                   | LABL Inc                                                                         | CUSIP: 50168QAE5<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |   2075000 | PA      | $1875601.55   | 0.04%             | 2028-11-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                                        | Axon Enterprise Inc                                                              | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |   3520000 | PA      | $3588703.22   | 0.07%             | 2030-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                   | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AU8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10303000 | PA      | $9849329.88   | 0.20%             | 2029-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WYNN LAS VEGAS LLC/CORP                                    | Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp                                 | CUSIP: 983130AX3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10800000 | PA      | $10750004.07  | 0.22%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| CELANESE US HOLDINGS LLC                                   | Celanese US Holdings LLC                                                         | CUSIP: 15089QAM6<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   2040000 | PA      | $2089150.05   | 0.04%             | 2027-07-15      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                      | Bausch Health Cos Inc                                                            | CUSIP: 071734AD9<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   3468000 | PA      | $2826420.00   | 0.06%             | 2028-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| US TREASURY N/B                                            | United States Treasury Note/Bond                                                 | CUSIP: 91282CLX7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  41700000 | PA      | $41931304.69  | 0.87%             | 2027-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| NEW HOME CO INC/THE                                        | New Home Co Inc/The                                                              | CUSIP: 645370AF4<br>LEI: 549300PLCE8TB3TVRQ85 | Long             | DBT              | CORP              | US        |   3975000 | PA      | $4108848.79   | 0.09%             | 2029-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: —       |
| LABL INC                                                   | LABL Inc                                                                         | CUSIP: 50168QAF2<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |   2645000 | PA      | $2190490.12   | 0.05%             | 2031-10-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                              | TransDigm Inc                                                                    | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   8910000 | PA      | $9054817.72   | 0.19%             | 2029-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                                    | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  13920000 | PA      | $13738008.03  | 0.28%             | 2027-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| INTELSAT JACKSON HLDG                                      | Intelsat Jackson Holdings SA                                                     | CUSIP: 45824TBC8<br>LEI: 8XJ8KF85PBKK1TLMFN29 | Long             | DBT              | CORP              | LU        |   6850000 | PA      | $6737317.50   | 0.14%             | 2030-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| Atlas Static Senior Loan Fund                              | Atlas Static Senior Loan Fund I Ltd                                              | CUSIP: 04942PAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   7047594 | PA      | $7051260.26   | 0.15%             | 2030-07-15      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                                          | DISH Network Corp                                                                | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |  10500000 | PA      | $10827371.96  | 0.22%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                      | Level 3 Financing Inc                                                            | CUSIP: 527298CB7<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |  15855000 | PA      | $14456663.97  | 0.30%             | 2029-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                                    | Global Partners LP / GLP Finance Corp                                            | CUSIP: 37954FAG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6397000 | PA      | $6405981.55   | 0.13%             | 2027-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                                   | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3230000 | PA      | $3229860.02   | 0.07%             | 2027-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SEALED AIR/SEALED AIR US                                   | Sealed Air Corp/Sealed Air Corp US                                               | CUSIP: 812127AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1288541.93   | 0.03%             | 2028-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: —       |
| MLN US HoldCo LLC                                          | MLN US Holdco LLC                                                                | CUSIP: 55292HAJ2<br>LEI: 549300QKU7NPW6O86862 | Long             | LON              | CORP              | US        |    551870 | PA      | $1379.67      | 0.00%             | 2027-10-18      | Floating      | 15.20%                | No            |                  3 | On Loan: No      |
| FORESTAR GROUP INC                                         | Forestar Group Inc                                                               | CUSIP: 346232AE1<br>LEI: 549300BC2UB0GHV60V70 | Long             | DBT              | CORP              | US        |  11400000 | PA      | $11218528.12  | 0.23%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AECOM                                                      | AECOM                                                                            | CUSIP: 00774CAB3<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |   3185000 | PA      | $3179419.54   | 0.07%             | 2027-03-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| AMN HEALTHCARE INC                                         | AMN Healthcare Inc                                                               | CUSIP: 00175PAB9<br>LEI: 549300H27NUKBFFQEE84 | Long             | DBT              | CORP              | US        |  36219000 | PA      | $35050184.00  | 0.73%             | 2027-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Viasat Inc                                                 | VIASAT INC                                                                       | CUSIP: 92555WAF2<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | LON              | CORP              | US        |   2892658 | PA      | $2693064.80   | 0.06%             | 2030-05-30      | Floating      | 8.94%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                   | Ford Motor Credit Co LLC                                                         | CUSIP: 345397B77<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  13425000 | PA      | $12977195.43  | 0.27%             | 2026-08-10      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Calpine Corporation                                        | CALPINE CORP                                                                     | CUSIP: 000000000<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | LON              | CORP              | US        |    376750 | PA      | $376173.20    | 0.01%             | 2032-02-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Xplore Inc                                                 | XPLORE INC                                                                       | CUSIP: 000000000<br>LEI: 254900V3NB5MGOZS4O08 | Long             | LON              | CORP              | CA        |   2326641 | PA      | $2225827.90   | 0.05%             | 2029-10-24      | Floating      | 9.59%                 | No            |                  2 | On Loan: No      |
| LABL INC                                                   | LABL Inc                                                                         | CUSIP: 50168QAC9<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |  10900000 | PA      | $9311197.90   | 0.19%             | 2028-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GFL Environmental Services Inc                             | GFL ENVIRONMENTAL SERVIC                                                         | CUSIP: 36257SAB8<br>LEI: 254900PGDQWC19PRP053 | Long             | LON              | CORP              | US        |   1325000 | PA      | $1318375.00   | 0.03%             | 2032-03-03      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                      | Mineral Resources Ltd                                                            | CUSIP: 603051AE3<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |   9683000 | PA      | $9883922.25   | 0.20%             | 2028-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: —       |
| MPH Acquisition Holdings LLC                               | MPH ACQUISITION HOLDINGS LLC                                                     | CUSIP: 55328HAP6<br>LEI: 5493002WXOPRPTXWTU06 | Long             | LON              | CORP              | US        |   3472525 | PA      | $3411756.14   | 0.07%             | 2030-12-31      | Floating      | 8.03%                 | No            |                  2 | On Loan: No      |
| VOC ESCROW LTD                                             | VOC Escrow Ltd                                                                   | CUSIP: 91832VAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  11350000 | PA      | $11165562.50  | 0.23%             | 2028-02-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                                   | Sinclair Television Group Inc                                                    | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    450000 | PA      | $450448.70    | 0.01%             | 2033-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| INTELLIGENT PACKAGING                                      | Intelligent Packaging Ltd Finco Inc / Intelligent Packaging Ltd Co-Issuer LLC    | CUSIP: 45827MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |  21582000 | PA      | $21593870.10  | 0.45%             | 2028-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AMN HEALTHCARE INC                                         | AMN Healthcare Inc                                                               | CUSIP: 00175PAC7<br>LEI: 549300H27NUKBFFQEE84 | Long             | DBT              | CORP              | US        |   3220000 | PA      | $2962240.52   | 0.06%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| J.P. MORGAN SECURITIES LLC                                 | USD/GBP FORWARD                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-1696.61     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                     | Venture Global LNG Inc                                                           | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   5445000 | PA      | $5426895.92   | 0.11%             | 2030-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| Radiate Holdco LLC                                         | Radiate Holdco LLC                                                               | CUSIP: 75025KAH1<br>LEI: 5493000GQJ5RDX9DNJ71 | Long             | LON              | CORP              | US        |  19041878 | PA      | $16699726.65  | 0.35%             | 2026-09-25      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |
| TOUCAN FINCO LTD/CAN/US                                    | Toucan FinCo Ltd/Toucan FinCo Can Inc/Toucan FinCo US LLC                        | CUSIP: 89157UAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   4925000 | PA      | $4895056.00   | 0.10%             | 2030-05-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                                    | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6575000 | PA      | $6488941.16   | 0.13%             | 2027-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                               | Calpine Corp                                                                     | CUSIP: 131347CM6<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |  20585000 | PA      | $20196561.80  | 0.42%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                                          | CLARIOS GLOBAL LP                                                                | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |  11426625 | PA      | $11359973.50  | 0.24%             | 2030-05-06      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                        | Ecuador Government International Bond                                            | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    239235 | PA      | $185466.93    | 0.00%             | 2030-07-31      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |
| DIAMOND FRGN/DIAMOND FIN                                   | Diamond Foreign Asset Co / Diamond Finance LLC                                   | CUSIP: 25260WAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   4725000 | PA      | $4730906.25   | 0.10%             | 2030-10-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| Expand Energy Corp                                         | Expand Energy Corp                                                               | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |     45874 | NS      | $5327347.62   | 0.11%             |  |  |  | Yes           |                  1 | On Loan: No      |
| WINDSTREAM SERVICES/ESCR                                   | Windstream Services LLC / Windstream Escrow Finance Corp                         | CUSIP: 97381AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4630000 | PA      | $4820240.10   | 0.10%             | 2031-10-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: —       |
| INTERNATIONAL PARK HLDGS BV                                | INTERNATIONAL PARK HLDGS BV                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9350000 | PA      | $10383489.96  | 0.21%             | 2031-12-31      | Floating      | 0.01%                 | No            |                  3 | On Loan: No      |
| DANA INC                                                   | Dana Inc                                                                         | CUSIP: 235825AF3<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |   7525000 | PA      | $7480076.24   | 0.15%             | 2027-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BELLIS ACQUISITION CO PL                                   | Bellis Acquisition Co PLC                                                        | CUSIP: 000000000<br>LEI: 259400CYE2267UB4A481 | Long             | DBT              | CORP              | GB        |   6950000 | PA      | $8661776.31   | 0.18%             | 2030-05-14      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| TPC Group Rights                                           | TPC Group Rights                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    319092 | NS      | $6381840.00   | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MPH Acquisition Holdings LLC                               | MPH ACQUISITION HOLDINGS LLC                                                     | CUSIP: 55328HAQ4<br>LEI: 5493002WXOPRPTXWTU06 | Long             | LON              | CORP              | US        |   4754792 | PA      | $4148556.02   | 0.09%             | 2030-12-31      | Floating      | 9.14%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                      | Mineral Resources Ltd                                                            | CUSIP: 603051AC7<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |   4783000 | PA      | $4759085.00   | 0.10%             | 2027-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: —       |
| AssuredPartners Inc.                                       | ASSUREDPARTNERS INC                                                              | CUSIP: 04621HAW3<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | LON              | CORP              | US        |   1625000 | PA      | $1626777.75   | 0.03%             | 2031-02-14      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| CORONADO FINANCE PTY LTD                                   | Coronado Finance Pty Ltd                                                         | CUSIP: 21979LAB2<br>LEI: 549300NS5FS0W548RE27 | Long             | DBT              | CORP              | AU        |   6300000 | PA      | $4630500.00   | 0.10%             | 2029-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: —       |
| XPO INC                                                    | XPO Inc                                                                          | CUSIP: 983793AK6<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |   1380000 | PA      | $1433596.28   | 0.03%             | 2032-02-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: —       |
| SCOTTS MIRACLE-GRO CO                                      | Scotts Miracle-Gro Co/The                                                        | CUSIP: 810186AW6<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2161869.78   | 0.04%             | 2032-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| OFSI Fund LTD                                              | OFSI BSL IX Ltd                                                                  | CUSIP: 67111BAN0<br>LEI: 549300ISCSFRB3LRFG70 | Long             | ABS-CBDO         | CORP              | KY        |  13791389 | PA      | $13801165.46  | 0.29%             | 2031-07-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Xplornet - Contingent Value Rights                         | Xplornet - Contingent Value Rights                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41149 | NS      | $4.11         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                                   | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3875000 | PA      | $3257482.52   | 0.07%             | 2031-04-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BIG RIVER STEEL/BRS FIN                                    | Big River Steel LLC / BRS Finance Corp                                           | CUSIP: 08949LAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10701000 | PA      | $10795154.72  | 0.22%             | 2029-01-31      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                              | Carnival Corp                                                                    | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   3630000 | PA      | $3639474.30   | 0.08%             | 2029-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| HERITAGE PWR LLC                                           | HERITAGE PWR LLC                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6933 | NS      | $393447.75    | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CALPINE CORP                                               | Calpine Corp                                                                     | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |  20920000 | PA      | $20740036.74  | 0.43%             | 2028-03-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| MAXIM CRANE WORKS LLC                                      | Maxim Crane Works Holdings Capital LLC                                           | CUSIP: 57779EAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9365000 | PA      | $9636705.70   | 0.20%             | 2028-09-01      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                          | Newell Brands Inc                                                                | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   3180000 | PA      | $3292107.34   | 0.07%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Dun & Bradstreet Corporation (The)                         | DUN & BRADSTREET CORP                                                            | CUSIP: 26483NAW0<br>LEI: RI37BMPWE56BCJ747E14 | Long             | LON              | CORP              | US        |   9340659 | PA      | $9335988.86   | 0.19%             | 2029-01-18      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| COGENT COMM GROUP LLC                                      | Cogent Communications Group LLC                                                  | CUSIP: 19240CAC7<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1140706.15   | 0.02%             | 2026-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                        | NCL Corp Ltd                                                                     | CUSIP: 62886HBE0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   8816000 | PA      | $8804980.00   | 0.18%             | 2027-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                               | Navient Corp                                                                     | CUSIP: 63938CAL2<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |  12240000 | PA      | $11950027.63  | 0.25%             | 2028-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PGIM AAA CLO ETF                                           | PGIM AAA CLO ETF                                                                 | CUSIP: 69344A834<br>LEI: 5493000IJ4TGDWNHKI54 | Long             | EC               | RF                | US        |    925000 | NS      | $47545000.00  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                    | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153BK7<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |  11894000 | PA      | $11858318.00  | 0.25%             | 2027-07-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| PRIME HEALTHCARE SERVICE                                   | Prime Healthcare Services Inc                                                    | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15045000 | PA      | $15280453.20  | 0.32%             | 2029-09-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                                             | 1261229 BC Ltd                                                                   | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   8765000 | PA      | $8677350.00   | 0.18%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| NESCO HOLDINGS II INC                                      | NESCO Holdings II Inc                                                            | CUSIP: 64083YAA9<br>LEI: 254900FAHT0HW9T6L409 | Long             | DBT              | CORP              | US        |   8450000 | PA      | $7964228.00   | 0.16%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                      | Bausch Health Cos Inc                                                            | CUSIP: 071734AH0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   2150000 | PA      | $1677000.00   | 0.03%             | 2028-01-30      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Doncasters US Finance LLC                                  | DONCASTERS US FINANCE LLC                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  17834850 | PA      | $17611914.38  | 0.36%             | 2030-04-23      | Floating      | 10.80%                | No            |                  3 | On Loan: No      |
| DIG HLDNG/DIG FIN/DIFL                                     | Digicel Intermediate Holdings Ltd / Digicel International Finance Ltd / Difl US  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |  22220397 | PA      | $22275947.56  | 0.46%             | 2027-05-25      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| KONTOOR BRANDS INC                                         | Kontoor Brands Inc                                                               | CUSIP: 50050NAA1<br>LEI: 549300M0CPXV65RFF271 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6456126.72   | 0.13%             | 2029-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                                        | Altice Financing SA                                                              | CUSIP: 02154CAF0<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |   2425000 | PA      | $1897562.50   | 0.04%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                           | CSC Holdings LLC                                                                 | CUSIP: 126307BD8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $92413.58     | 0.00%             | 2030-12-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                    | Frontier Communications Holdings LLC                                             | CUSIP: 35908MAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1775000 | PA      | $1793914.88   | 0.04%             | 2029-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ELDORADO GOLD CORP                                         | Eldorado Gold Corp                                                               | CUSIP: 284902AF0<br>LEI: 5493004PWQ01YDD1IH62 | Long             | DBT              | CORP              | CA        |   1550000 | PA      | $1527525.00   | 0.03%             | 2029-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                     | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 00489LAK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9711000 | PA      | $10044990.62  | 0.21%             | 2029-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                                    | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1449233.88   | 0.03%             | 2026-10-15      | Fixed         | 0.99%                 | No            |                  2 | On Loan: No      |
| HERITAGE PWR LLC                                           | HERITAGE PWR LLC                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    181423 | NS      | $90711.50     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| HOWARD HUGHES CORP                                         | Howard Hughes Corp/The                                                           | CUSIP: 44267DAE7<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |   3624000 | PA      | $3404567.37   | 0.07%             | 2029-02-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| WILLIAM CARTER                                             | William Carter Co/The                                                            | CUSIP: 96926JAC1<br>LEI: TGI2A0HXEYNQPU7TYV27 | Long             | DBT              | CORP              | US        |  10326000 | PA      | $10257897.10  | 0.21%             | 2027-03-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: —       |
| VIRGIN MEDIA SECURED FIN                                   | Virgin Media Secured Finance PLC                                                 | CUSIP: 92769XAP0<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |  14425000 | PA      | $13992250.00  | 0.29%             | 2029-05-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: —       |
| SMYRNA READY MIX CONCRET                                   | Smyrna Ready Mix Concrete LLC                                                    | CUSIP: 85236FAA1<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |   3555000 | PA      | $3511794.01   | 0.07%             | 2028-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                      | GFL Environmental Inc                                                            | CUSIP: 36168QAN4<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |   4500000 | PA      | $4376250.00   | 0.09%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                       | OneMain Finance Corp                                                             | CUSIP: 85172FAN9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |  17838000 | PA      | $18089111.66  | 0.37%             | 2026-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                                     | Adient Global Holdings Ltd                                                       | CUSIP: 00687YAB1<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |   5541000 | PA      | $5653537.71   | 0.12%             | 2028-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                            | United States Treasury Note/Bond                                                 | CUSIP: 91282CLS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9165000 | PA      | $9176456.25   | 0.19%             | 2026-10-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                                         | Howard Hughes Corp/The                                                           | CUSIP: 44267DAD9<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |  38463000 | PA      | $37761333.27  | 0.78%             | 2028-08-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| LINDBLAD EXPEDITIONS HO                                    | Lindblad Expeditions Holdings Inc                                                | CUSIP: 535219AA7<br>LEI: 549300GSPW24GZE6R597 | Long             | DBT              | CORP              | US        |   6475000 | PA      | $6677248.27   | 0.14%             | 2028-05-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                               | Navient Corp                                                                     | CUSIP: 63938CAJ7<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2428747.57   | 0.05%             | 2026-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                           | CSC Holdings LLC                                                                 | CUSIP: 126307BB2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $137435.11    | 0.00%             | 2030-12-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Skillsoft Finance II Inc                                   | Skillsoft Finance II Inc                                                         | CUSIP: 83066YAB8<br>LEI: 549300LDUD35NU8F0G43 | Long             | LON              | CORP              | US        |  10150246 | PA      | $8906840.93   | 0.18%             | 2028-07-14      | Floating      | 9.69%                 | No            |                  2 | On Loan: No      |
| NEW GENERATION GAS GATHERING LLC                           | NEW GENERATION GAS GATHERING LLC                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1459459 | PA      | $1437567.57   | 0.03%             | 2029-09-30      | Floating      | 0.01%                 | No            |                  3 | On Loan: No      |
| (PIPA070) PGIM Core Government Money Market Fund           | (PIPA070) PGIM Core Government Money Market Fund                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  27056097 | NS      | $27056096.61  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                    | Frontier Communications Holdings LLC                                             | CUSIP: 35906ABE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  41016000 | PA      | $41116775.04  | 0.85%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                           | AmWINS Group Inc                                                                 | CUSIP: 031921AB5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |   4150000 | PA      | $3972288.65   | 0.08%             | 2029-06-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| RADIATE HOLDCO / FINANCE                                   | Radiate Holdco LLC / Radiate Finance Inc                                         | CUSIP: 75026JAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1319746.63   | 0.03%             | 2028-09-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                     | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 00489LAM5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3220000 | PA      | $3364862.63   | 0.07%             | 2029-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                                   | Madison Park Funding XXXIII Ltd                                                  | CUSIP: 55819JAN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   7493226 | PA      | $7500718.73   | 0.16%             | 2032-10-15      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                      | Bausch Health Cos Inc                                                            | CUSIP: 071734AJ6<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    660000 | PA      | $379500.00    | 0.01%             | 2030-01-30      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| ALTA MESA HLDGS/FINANC S                                   | Alta Mesa Holdings LP / Alta Mesa Finance Services Corp                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10985000 | PA      | $13731.25     | 0.00%             | 2024-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TENNECO INC                                                | Tenneco Inc                                                                      | CUSIP: 880349AU9<br>LEI: 549300U0EXXFAQFAD785 | Long             | DBT              | CORP              | US        |  32372000 | PA      | $31881948.75  | 0.66%             | 2028-11-17      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Xplore Inc                                                 | XPLORE INC                                                                       | CUSIP: 000000000<br>LEI: 254900V3NB5MGOZS4O08 | Long             | LON              | CORP              | CA        |   9160741 | PA      | $7122476.34   | 0.15%             | 2031-10-24      | Floating      | 6.09%                 | No            |                  3 | On Loan: No      |
| LITHIA MOTORS INC                                          | Lithia Motors Inc                                                                | CUSIP: 536797AG8<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |   9550000 | PA      | $8999152.65   | 0.19%             | 2029-06-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                   | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AS3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4633000 | PA      | $4581393.90   | 0.09%             | 2028-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN                                   | Blue Racer Midstream LLC / Blue Racer Finance Corp                               | CUSIP: 095796AJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2990000 | PA      | $3088985.69   | 0.06%             | 2029-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                                     | FIRST BRANDS GROUP LLC                                                           | CUSIP: 31935HAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  11098000 | PA      | $9988200.00   | 0.21%             | 2028-03-30      | Floating      | 13.04%                | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                                         | Voyager Parent LLC                                                               | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |   9590000 | PA      | $9901167.59   | 0.20%             | 2032-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                               | Navient Corp                                                                     | CUSIP: 63938CAK4<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   4523000 | PA      | $4468012.90   | 0.09%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| CARNIVAL CORP                                              | Carnival Corp                                                                    | CUSIP: 143658BQ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |  18373000 | PA      | $17802962.98  | 0.37%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                      | Tenet Healthcare Corp                                                            | CUSIP: 88033GDM9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |  10700000 | PA      | $10276590.68  | 0.21%             | 2029-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                               | Calpine Corp                                                                     | CUSIP: 131347CQ7<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    250000 | PA      | $242339.71    | 0.01%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                          | Newell Brands Inc                                                                | CUSIP: 651229BF2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   7615000 | PA      | $7168495.01   | 0.15%             | 2030-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                                    | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3765000 | PA      | $3739591.33   | 0.08%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                                    | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1020000 | PA      | $976471.51    | 0.02%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| MAVIS TIRE EXPRESS SERVI                                   | Mavis Tire Express Services Topco Corp                                           | CUSIP: 59155LAA0<br>LEI: 254900NVDM4GTLBL9E56 | Long             | DBT              | CORP              | US        |   8193000 | PA      | $7795762.34   | 0.16%             | 2029-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP                                       | Reworld Holding Corp                                                             | CUSIP: 22282EAJ1<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |   1365000 | PA      | $1273172.01   | 0.03%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                    | Frontier Communications Holdings LLC                                             | CUSIP: 35906ABF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25737000 | PA      | $25688144.13  | 0.53%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VT TOPCO INC                                               | VT Topco Inc                                                                     | CUSIP: 91838PAA9<br>LEI: 5493007T812R37X02Y38 | Long             | DBT              | CORP              | US        |    775000 | PA      | $822768.18    | 0.02%             | 2030-08-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                     | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2585000 | PA      | $2665478.91   | 0.06%             | 2030-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                      | Bausch Health Cos Inc                                                            | CUSIP: 071734AK3<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    165000 | PA      | $109725.00    | 0.00%             | 2029-02-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                                   | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 74841CAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6350000 | PA      | $5924006.16   | 0.12%             | 2029-03-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                           | AmWINS Group Inc                                                                 | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3043139.37   | 0.06%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DIGICEL INTL FIN LTD Common Equity                         | DIGICEL INTL FIN LTD Common Equity                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    475786 | NS      | $3330502.00   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                      | GFL Environmental Inc                                                            | CUSIP: 36168QAP9<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |  10471000 | PA      | $10048704.57  | 0.21%             | 2029-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| NCL CORPORATION LTD                                        | NCL Corp Ltd                                                                     | CUSIP: 62886HBA8<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   6653000 | PA      | $6628383.90   | 0.14%             | 2026-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                                   | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VAK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9709000 | PA      | $11654649.29  | 0.24%             | 2027-11-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                | ASURION LLC                                                                      | CUSIP: 04649VBD1<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |  31078452 | PA      | $30705510.77  | 0.64%             | 2030-09-19      | Floating      | 8.58%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                            | United States Treasury Note/Bond                                                 | CUSIP: 91282CKS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4489000 | PA      | $4519511.17   | 0.09%             | 2026-05-31      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                 | goeasy Ltd                                                                       | CUSIP: 380355AH0<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |   5834000 | PA      | $6111115.00   | 0.13%             | 2028-12-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                                   | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3624000 | PA      | $3613604.69   | 0.07%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                      | Quikrete Holdings Inc                                                            | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   7470000 | PA      | $7588608.88   | 0.16%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                | US 5YR NOTE (CBT)                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      7299 | NC      | $3639570.24   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                                   | United Wholesale Mortgage LLC                                                    | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |   1260000 | PA      | $1208673.31   | 0.03%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                         | Viking Cruises Ltd                                                               | CUSIP: 92676XAD9<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |  19560000 | PA      | $19549828.80  | 0.40%             | 2027-09-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| WOLVERINE WORLD WIDE                                       | Wolverine World Wide Inc                                                         | CUSIP: 978097AG8<br>LEI: 549300OVC7PK14LQ8D87 | Long             | DBT              | CORP              | US        |   1465000 | PA      | $1281964.88   | 0.03%             | 2029-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HERTZ CORP/THE                                             | Hertz Corp/The                                                                   | CUSIP: 428040DA4<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |   2485000 | PA      | $2189084.74   | 0.05%             | 2026-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                                   | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                           | CUSIP: 03969AAN0<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   7453000 | PA      | $6772913.75   | 0.14%             | 2026-08-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                                   | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 68622TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12608000 | PA      | $11842951.24  | 0.25%             | 2028-04-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: —       |
| AMERICAN AIRLINES/AADVAN                                   | American Airlines Inc/AAdvantage Loyalty IP Ltd                                  | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    800000 | PA      | $784856.00    | 0.02%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| HERTZ CORP/THE                                             | Hertz Corp/The                                                                   | CUSIP: 428040DC0<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |   3100000 | PA      | $3157966.32   | 0.07%             | 2029-07-15      | Fixed         | 12.62%                | No            |                  2 | On Loan: —       |
| SUNOCO LP/FINANCE CORP                                     | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765KAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10125000 | PA      | $10404378.06  | 0.22%             | 2028-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                                       | BlueMountain Fuji US Clo II Ltd                                                  | CUSIP: 09629EAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1406209 | PA      | $1404161.40   | 0.03%             | 2030-10-20      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                          | EURO-BUND                                                                        | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |       -21 | NC      | $27400.37     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VELOCITY VEHICLE GROUP                                     | Velocity Vehicle Group LLC                                                       | CUSIP: 92262TAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1615000 | PA      | $1552666.98   | 0.03%             | 2029-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: —       |
| BALL CORP                                                  | Ball Corp                                                                        | CUSIP: 058498AZ9<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |   8855000 | PA      | $9031131.23   | 0.19%             | 2029-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                       | LifePoint Health Inc                                                             | CUSIP: 53219LAY5<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |   2170000 | PA      | $2285034.09   | 0.05%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                              | CoreWeave Inc                                                                    | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |   7425000 | PA      | $7415989.10   | 0.15%             | 2030-06-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                                            | AdaptHealth LLC                                                                  | CUSIP: 00653VAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  22891000 | PA      | $22642837.88  | 0.47%             | 2028-08-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                     | Venture Global LNG Inc                                                           | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |  16445000 | PA      | $15567185.81  | 0.32%             | N/A             | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                   | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3745000 | PA      | $3799450.88   | 0.08%             | 2032-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| CSC Holdings LLC                                           | CSC Holdings LLC                                                                 | CUSIP: 64072UAM4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |  36349819 | PA      | $35668259.86  | 0.74%             | 2028-01-18      | Floating      | 8.83%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                                     | First Brands Group LLC                                                           | CUSIP: 31935HAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  20721585 | PA      | $19970427.90  | 0.41%             | 2027-03-30      | Floating      | 9.54%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                   | Celanese US Holdings LLC                                                         | CUSIP: 15089QAW4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   4550000 | PA      | $4712329.49   | 0.10%             | 2028-11-15      | Variable      | 6.85%                 | No            |                  2 | On Loan: No      |
| BNY Capital Markets, LLC                                   | USD/EUR FORWARD                                                                  | CUSIP: 000000000<br>LEI: VJW2DOOHGDT6PR0ZRO63 | N/A              | DFE              | CORP              | US        |         1 | NC      | $97090.59     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SAKS GLOBAL ENTERPRISES                                    | Saks Global Enterprises LLC                                                      | CUSIP: 79380MAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1300000 | PA      | $582172.68    | 0.01%             | 2029-12-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                                      | Belron UK Finance PLC                                                            | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |   2165000 | PA      | $2170629.00   | 0.04%             | 2029-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BROADSTREET PARTNERS INC                                   | BroadStreet Partners Inc                                                         | CUSIP: 11135RAA3<br>LEI: 549300BS9N54G8DD0R75 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1180518.33   | 0.02%             | 2029-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PENN ENTERTAINMENT INC                                     | Penn Entertainment Inc                                                           | CUSIP: 707569AS8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  21783000 | PA      | $21495233.88  | 0.44%             | 2027-01-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                                              | PRA Group Inc                                                                    | CUSIP: 69354NAF3<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |   4568000 | PA      | $4682742.93   | 0.10%             | 2030-01-31      | Fixed         | 8.88%                 | No            |                  2 | On Loan: —       |
| REPUBLIC OF ECUADOR                                        | Ecuador Government International Bond                                            | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    125280 | PA      | $66899.52     | 0.00%             | 2040-07-31      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MPH ACQUISITION HOLDINGS                                   | MPH Acquisition Holdings LLC                                                     | CUSIP: 553283AG7<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |   3370258 | PA      | $2696086.88   | 0.06%             | 2030-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BMC Software (Boxer/ Bladelogic)                           | BMC SOFTWARE INC                                                                 | CUSIP: 05988HAQ0<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |   9916262 | PA      | $9839133.55   | 0.20%             | 2031-07-30      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Ferrellgas Partners LP                                     | Ferrellgas Partners LP                                                           | CUSIP: 315293308<br>LEI: 529900YP52A6C5K57L34 | Long             | EC               | CORP              | US        |    100126 | NS      | $13006687.80  | 0.27%             |  |  |  | Yes           |                  2 | On Loan: No      |
| RADIATE HOLDCO / FINANCE                                   | Radiate Holdco LLC / Radiate Finance Inc                                         | CUSIP: 75026JAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  24349000 | PA      | $20875734.78  | 0.43%             | 2026-09-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| BNY Capital Markets, LLC                                   | EUR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: VJW2DOOHGDT6PR0ZRO63 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-95428.96    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HECLA MINING CO                                            | Hecla Mining Co                                                                  | CUSIP: 422704AH9<br>LEI: 5493009Y6HOBZD1QD537 | Long             | DBT              | CORP              | US        |   4975000 | PA      | $5001163.04   | 0.10%             | 2028-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                               | Novelis Corp                                                                     | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |   3625000 | PA      | $3738111.51   | 0.08%             | 2030-01-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| AMERICAN AIRLINES/AADVAN                                   | American Airlines Inc/AAdvantage Loyalty IP Ltd                                  | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |  12943834 | PA      | $12927654.11  | 0.27%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| DIVERSIFIED HEALTHCARE T                                   | Diversified Healthcare Trust                                                     | CUSIP: 25525PAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    675000 | PA      | $557025.01    | 0.01%             | 2031-03-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                 | goeasy Ltd                                                                       | CUSIP: 380355AJ6<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |   5865000 | PA      | $5901187.05   | 0.12%             | 2029-07-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| LANDSEA HOMES CORP                                         | Landsea Homes Corp                                                               | CUSIP: 51509PAA1<br>LEI: 549300RP8AZAKHNILS36 | Long             | DBT              | CORP              | US        |  12915000 | PA      | $13466837.38  | 0.28%             | 2029-04-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: —       |
| PHINIA INC                                                 | Phinia Inc                                                                       | CUSIP: 71880KAA9<br>LEI: 254900HG6MORZE1FFM18 | Long             | DBT              | CORP              | US        |   4450000 | PA      | $4554804.56   | 0.09%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| CIVITAS RESOURCES INC                                      | Civitas Resources Inc                                                            | CUSIP: 17888HAA1<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   8630000 | PA      | $8693966.05   | 0.18%             | 2028-07-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                                          | Iliad Holding SASU                                                               | CUSIP: 449691AC8<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |  31557000 | PA      | $31951462.50  | 0.66%             | 2028-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                              | TransDigm Inc                                                                    | CUSIP: 893647BP1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    568000 | PA      | $549666.08    | 0.01%             | 2029-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: —       |

### Signature

**Date Signed:** 2025-07-29

**Name of Applicant:** Prudential Investment Portfolios, Inc. 15

**Signature:** Christian J. Kelly

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

**Title:** Chief Financial Officer