# EDGAR Filing Document

**Accession Number:** 0000717819
**File Stem:** 0001752724-25-182015
**Filing Date:** 2025-7
**Character Count:** 390831
**Document Hash:** 76223a76645aae71055a084b4ac0a6f3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-182015.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001752724-25-182015

**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**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRUDENTIAL INVESTMENT PORTFOLIOS, INC. 14
- **CENTRAL INDEX KEY:** 0000717819

**ORGANIZATION NAME:**
- **EIN:** 133165671
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03712
- **FILM NUMBER:** 251159601

**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 GOVERNMENT INCOME FUND, INC.
- **DATE OF NAME CHANGE:** 20100219

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DRYDEN GOVERNMENT INCOME FUND INC
- **DATE OF NAME CHANGE:** 20040420

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRUDENTIAL GOVERNMENT INCOME FUND INC
- **DATE OF NAME CHANGE:** 19951017

## Series and Classes Contracts Data

### PGIM Floating Rate Income Fund (Series ID: S000031692)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000098631 | Class A      | FRFAX           |
| C000098632 | Class C      | FRFCX           |
| C000098633 | Class Z      | FRFZX           |
| C000154996 | Class R6     | PFRIX           |

## Nport-Ex

### PGIM Floating Rate Income Fund

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **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** |
| **Long-Term Investments 98.8%** | **Long-Term Investments 98.8%** | **Long-Term Investments 98.8%** | **Long-Term Investments 98.8%** | **Long-Term Investments 98.8%** | **Long-Term Investments 98.8%** |
| **Asset-Backed Securities 18.5%** | **Asset-Backed Securities 18.5%** | **Asset-Backed Securities 18.5%** | **Asset-Backed Securities 18.5%** | **Asset-Backed Securities 18.5%** | **Asset-Backed Securities 18.5%** |
| **Collateralized Loan Obligations 18.4%** | **Collateralized Loan Obligations 18.4%** | **Collateralized Loan Obligations 18.4%** | **Collateralized Loan Obligations 18.4%** | **Collateralized Loan Obligations 18.4%** | **Collateralized Loan Obligations 18.4%** |
| AGL CLO Ltd. (Cayman Islands),<br> Series 2020-09A, Class BR, 144A, 3 Month SOFR + 2.000% (Cap N/A, Floor 2.000%) | 6.269 %(c) | &nbsp;&nbsp;04/20/37 |  | &nbsp;&nbsp;5000 | &nbsp;&nbsp; $5024940 |
| Anchorage Capital CLO Ltd. (Cayman Islands),<br> Series 2019-11A, Class BR2, 144A, 3 Month SOFR + 1.950% (Cap N/A, Floor 1.950%) | 6.222(c) | &nbsp;&nbsp;07/22/37 |  | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10043081 |
| Apex Credit CLO LLC (Cayman Islands),<br> Series 2021-02A, Class A2, 144A, 3 Month SOFR + 2.112% (Cap N/A, Floor 1.850%) | 6.381(c) | &nbsp;&nbsp;10/20/34 |  | &nbsp;&nbsp;4725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4732075 |
| Atlas Senior Loan Fund Ltd. (United Kingdom), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-21A, Class B, 144A, 3 Month SOFR + 3.000% (Cap N/A, Floor 3.000%) | 7.269(c) | &nbsp;&nbsp;07/20/35 |  | &nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5033980 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-24A, Class B, 144A, 3 Month SOFR + 1.900% (Cap N/A, Floor 1.900%) | 6.169(c) | &nbsp;&nbsp;01/20/38 |  | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9988399 |
| Atlas Static Senior Loan Fund Ltd. (Cayman Islands),<br> Series 2022-01A, Class BR, 144A, 3 Month SOFR + 2.650% (Cap N/A, Floor 2.650%) | 6.906(c) | &nbsp;&nbsp;07/15/30 |  | 14250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14297370 |
| Avoca Capital CLO Ltd. (Ireland),<br> Series 10A, Class B1RR, 144A, 3 Month EURIBOR + 1.350% (Cap N/A, Floor 1.350%) | 3.629(c) | &nbsp;&nbsp;04/15/35 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;3750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4220335 |
| Bain Capital Credit CLO Ltd. (United Kingdom),<br> Series 2023-03A, Class B, 144A, 3 Month SOFR + 2.700% (Cap N/A, Floor 2.700%) | 6.975(c) | &nbsp;&nbsp;07/24/36 |  | 16525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16640958 |
| Barrow Hanley CLO Ltd. (Cayman Islands),<br> Series 2023-02A, Class B, 144A, 3 Month SOFR + 3.000% (Cap N/A, Floor 3.000%) | 7.272(c) | &nbsp;&nbsp;10/20/35 |  | &nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5031483 |
| Battalion CLO Ltd. (Cayman Islands),<br> Series 2017-11A, Class BR, 144A, 3 Month SOFR + 1.982% (Cap N/A, Floor 1.720%) | 6.257(c) | &nbsp;&nbsp;04/24/34 |  | &nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5017400 |
| Canyon Capital CLO Ltd. (Cayman Islands),<br> Series 2019-01A, Class BRR, 144A, 3 Month SOFR + 1.800% (Cap N/A, Floor 1.800%) | 6.056(c) | &nbsp;&nbsp;07/15/37 |  | 11500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11522071 |
| Carlyle US CLO Ltd. (Cayman Islands), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-05A, Class B, 144A, 3 Month SOFR + 2.650% (Cap N/A, Floor 2.650%) | 6.933(c) | &nbsp;&nbsp;01/27/36 |  | 18250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18392279 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-02A, Class B, 144A, 3 Month SOFR + 2.050% (Cap N/A, Floor 2.050%) | 6.332(c) | &nbsp;&nbsp;04/25/37 |  | &nbsp;&nbsp;5600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5647710 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **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** |
| **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** |
| **Collateralized Loan Obligations (cont'd.)** | **Collateralized Loan Obligations (cont'd.)** | **Collateralized Loan Obligations (cont'd.)** | **Collateralized Loan Obligations (cont'd.)** | **Collateralized Loan Obligations (cont'd.)** | **Collateralized Loan Obligations (cont'd.)** |
| CIFC European Funding CLO DAC (Ireland),<br> Series 03A, Class B1, 144A, 3 Month EURIBOR + 1.500% (Cap N/A, Floor 1.500%) | 3.779 %(c) | &nbsp;&nbsp;01/15/34 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;2000 | &nbsp;&nbsp; $2241138 |
| CIFC Funding Ltd. (Cayman Islands),<br> Series 2014-05A, Class BR3, 144A, 3 Month SOFR + 1.750% (Cap N/A, Floor 1.750%) | 6.030(c) | &nbsp;&nbsp;07/17/37 |  | &nbsp;&nbsp;9650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9688879 |
| Columbia Cent CLO Ltd. (Cayman Islands),<br> Series 2020-29A, Class BR, 144A, 3 Month SOFR + 1.962% (Cap N/A, Floor 0.000%) | 6.231(c) | &nbsp;&nbsp;10/20/34 |  | 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15007498 |
| CQS US CLO Ltd. (Cayman Islands),<br> Series 2021-01A, Class BR, 144A, 3 Month SOFR + 1.750% (Cap N/A, Floor 1.750%) | 6.019(c) | &nbsp;&nbsp;01/20/35 |  | 12400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12422554 |
| Elevation CLO Ltd. (Cayman Islands), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-11A, Class BR, 144A, 3 Month SOFR + 2.000% (Cap N/A, Floor 2.000%) | 6.256(c) | &nbsp;&nbsp;10/15/37 |  | &nbsp;&nbsp;8125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8142306 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-13A, Class BR, 144A, 3 Month SOFR + 1.600% (Cap N/A, Floor 1.600%) | 5.856(c) | &nbsp;&nbsp;07/15/34 |  | &nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2493750 |
| Gallatin CLO Ltd. (Bermuda), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-01A, Class B, 144A, 3 Month SOFR + 3.050% (Cap N/A, Floor 3.050%) | 7.292(c) | &nbsp;&nbsp;10/14/35 |  | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10062965 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-01A, Class B, 144A, 3 Month SOFR + 1.950% (Cap N/A, Floor 1.950%) | 6.219(c) | &nbsp;&nbsp;10/20/37 |  | &nbsp;&nbsp;9275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9316446 |
| Golub Capital Partners CLO Ltd. (United Kingdom),<br> Series 2023-68A, Class B, 144A, 3 Month SOFR + 2.800% (Cap N/A, Floor 2.800%) | 7.082(c) | &nbsp;&nbsp;07/25/36 |  | 18600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18707828 |
| Greywolf CLO Ltd. (Cayman Islands),<br> Series 2018-01A, Class A1, 144A, 3 Month SOFR + 1.292% (Cap N/A, Floor 0.000%) | 5.574(c) | &nbsp;&nbsp;04/26/31 |  | &nbsp;&nbsp;&nbsp;&nbsp;310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;309300 |
| Hayfin US Ltd. (Cayman Islands),<br> Series 2024-15A, Class B, 144A, 3 Month SOFR + 2.200% (Cap N/A, Floor 2.200%) | 6.483(c) | &nbsp;&nbsp;04/28/37 |  | 13500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13616099 |
| HPS Loan Management Ltd. (Cayman Islands),<br> Series 2023-18A, Class B, 144A, 3 Month SOFR + 2.950% (Cap N/A, Floor 2.950%) | 7.222(c) | &nbsp;&nbsp;07/20/36 |  | 17900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18003777 |
| KKR CLO Ltd. (Cayman Islands), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-41A, Class B, 144A, 3 Month SOFR + 1.900% (Cap N/A, Floor 1.900%) | 6.156(c) | &nbsp;&nbsp;04/15/35 |  | 12500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12560222 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 32A, Class BR, 144A, 3 Month SOFR + 2.100% (Cap N/A, Floor 2.100%) | 6.356(c) | &nbsp;&nbsp;04/15/37 |  | &nbsp;&nbsp;4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4024999 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** |
| **Collateralized Loan Obligations (cont'd.)** | **Collateralized Loan Obligations (cont'd.)** | **Collateralized Loan Obligations (cont'd.)** | **Collateralized Loan Obligations (cont'd.)** | **Collateralized Loan Obligations (cont'd.)** |
| LCM Ltd. (Cayman Islands),<br> Series 33A, Class B, 144A, 3 Month SOFR + 1.912% (Cap N/A, Floor 1.650%) | 6.181 %(c) | &nbsp;&nbsp;07/20/34 | &nbsp;&nbsp;1300 | &nbsp;&nbsp; $1303029 |
| Madison Park Funding Ltd. (Cayman Islands),<br> Series 2021-59A, Class BR, 144A, 3 Month SOFR + 1.920% (Cap N/A, Floor 1.920%) | 6.189(c) | &nbsp;&nbsp;04/18/37 | 11000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11034198 |
| Mountain View CLO Ltd. (Cayman Islands),<br> Series 2015-09A, Class A2R, 144A, 3 Month SOFR + 2.042% (Cap N/A, Floor 0.000%) | 6.298(c) | &nbsp;&nbsp;07/15/31 | &nbsp;&nbsp;9250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9297452 |
| NGC Ltd. (United Kingdom),<br> Series 2024-01A, Class B, 144A, 3 Month SOFR + 2.100% (Cap N/A, Floor 2.100%) | 6.369(c) | &nbsp;&nbsp;07/20/37 | &nbsp;&nbsp;7650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7691845 |
| Ocean Trails CLO Ltd. (United Kingdom),<br> Series 2024-15A, Class B, 144A, 3 Month SOFR + 2.500% (Cap N/A, Floor 2.500%) | 6.756(c) | &nbsp;&nbsp;01/15/37 | &nbsp;&nbsp;4250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4293222 |
| Octagon Investment Partners Ltd. (Cayman Islands),<br> Series 2019-03A, Class BRR, 144A, 3 Month SOFR + 1.800% (Cap N/A, Floor 1.800%) | 6.056(c) | &nbsp;&nbsp;07/15/37 | &nbsp;&nbsp;8100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8114987 |
| Octagon Investment Partners Ltd.,<br> Series 2017-01A, Class BR3, 144A, 3 Month SOFR + 1.800% (Cap N/A, Floor 1.800%) | 6.056(c) | &nbsp;&nbsp;10/31/37 | &nbsp;&nbsp;7600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7636849 |
| OFSI BSL CLO Ltd. (Cayman Islands),<br> Series 2024-13A, Class B, 144A, 3 Month SOFR + 2.250% (Cap N/A, Floor 2.250%) | 6.519(c) | &nbsp;&nbsp;04/20/37 | &nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5042049 |
| OFSI BSL Ltd. (Cayman Islands),<br> Series 2023-12A, Class BR, 144A, 3 Month SOFR + 1.800% (Cap N/A, Floor 1.800%) | 6.069(c) | &nbsp;&nbsp;01/20/38 | 10550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10563927 |
| PPM CLO Ltd. (Cayman Islands),<br> Series 2019-02A, Class BR2, 144A, 3 Month SOFR + 2.250% (Cap N/A, Floor 2.250%) | 6.511(c) | &nbsp;&nbsp;04/16/37 | &nbsp;&nbsp;3250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3269013 |
| Rad CLO Ltd. (Cayman Islands),<br> Series 2023-19A, Class B1R, 144A, 3 Month SOFR + 1.950% (Cap N/A, Floor 1.950%) | 6.273(c) | &nbsp;&nbsp;03/20/38 | 20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20056440 |
| Regatta Funding Ltd. (Cayman Islands),<br> Series 2024-03A, Class B, 144A, 3 Month SOFR + 1.750% (Cap N/A, Floor 1.750%) | 6.006(c) | &nbsp;&nbsp;09/06/37 | 13500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13575846 |
| Signal Peak CLO Ltd. (Cayman Islands),<br> Series 2021-09A, Class BR, 144A, 3 Month SOFR + 1.750% (Cap N/A, Floor 1.750%) | 6.019(c) | &nbsp;&nbsp;01/21/38 | &nbsp;&nbsp;9185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9173150 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **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** |
| **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** |
| **Collateralized Loan Obligations (cont'd.)** | **Collateralized Loan Obligations (cont'd.)** | **Collateralized Loan Obligations (cont'd.)** | **Collateralized Loan Obligations (cont'd.)** | **Collateralized Loan Obligations (cont'd.)** | **Collateralized Loan Obligations (cont'd.)** |
| Sixth Street CLO Ltd. (Cayman Islands),<br> Series 2020-16A, Class BR, 144A, 3 Month SOFR + 2.450% (Cap N/A, Floor 2.450%) | 6.719 %(c) | &nbsp;&nbsp;01/20/37 |  | 17200 | &nbsp;&nbsp; $17327285 |
| Sound Point CLO Ltd. (Cayman Islands),<br> Series 2020-02A, Class DR, 144A, 3 Month SOFR + 3.612% (Cap N/A, Floor 3.350%) | 7.893(c) | &nbsp;&nbsp;10/25/34 |  | &nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1462500 |
| St. Pauls CLO (Netherlands),<br> Series 11A, Class C2R, 144A | 2.500 | &nbsp;&nbsp;01/17/32 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;4500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4733485 |
| Tikehau US CLO Ltd. (Bermuda), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-01A, Class BR, 144A, 3 Month SOFR + 1.800% (Cap N/A, Floor 1.800%) | 6.069(c) | &nbsp;&nbsp;01/20/38 |  | 12150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12179631 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-02A, Class BR, 144A, 3 Month SOFR + 2.750% (Cap N/A, Floor 2.750%) | 7.019(c) | &nbsp;&nbsp;01/20/36 |  | 12000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12103037 |
| Trinitas CLO Ltd. (Cayman Islands),<br> Series 2021-15A, Class B1, 144A, 3 Month SOFR + 1.962% (Cap N/A, Floor 1.700%) | 6.234(c) | &nbsp;&nbsp;04/22/34 |  | &nbsp;&nbsp;8350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8347077 |
| Voya CLO Ltd. (Cayman Islands),<br> Series 2019-03A, Class BR, 144A, 3 Month SOFR + 1.912% (Cap N/A, Floor 1.650%) | 6.191(c) | &nbsp;&nbsp;10/17/32 |  | &nbsp;&nbsp;8650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8679064 |
| Wellfleet CLO Ltd. (Cayman Islands),<br> Series 2021-02A, Class B, 144A, 3 Month SOFR + 2.062% (Cap N/A, Floor 1.800%) | 6.318(c) | &nbsp;&nbsp;07/15/34 |  | &nbsp;&nbsp;2850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2864649 |
| Zais CLO Ltd. (Cayman Islands),<br> Series 2015-03A, Class A2R, 144A, 3 Month SOFR + 2.452% (Cap N/A, Floor 0.000%) | 6.708(c) | &nbsp;&nbsp;07/15/31 |  | &nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1508460 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;432447037 |
| **Other 0.1%** | **Other 0.1%** | **Other 0.1%** | **Other 0.1%** | **Other 0.1%** | **Other 0.1%** |
| Sierra Timeshare Receivables Funding LLC,<br> Series 2023-02A, Class D, 144A | 9.720 | &nbsp;&nbsp;04/20/40 |  | &nbsp;&nbsp;1232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1272200 |
| **Total Asset-Backed Securities<br> (cost $429,534,674)** | **Total Asset-Backed Securities<br> (cost $429,534,674)** | **Total Asset-Backed Securities<br> (cost $429,534,674)** | **Total Asset-Backed Securities<br> (cost $429,534,674)** | **Total Asset-Backed Securities<br> (cost $429,534,674)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;433719237 |
| **Commercial Mortgage-Backed Securities 0.5%** | **Commercial Mortgage-Backed Securities 0.5%** | **Commercial Mortgage-Backed Securities 0.5%** | **Commercial Mortgage-Backed Securities 0.5%** | **Commercial Mortgage-Backed Securities 0.5%** | **Commercial Mortgage-Backed Securities 0.5%** |
| BX Trust,<br> Series 2025-DIME, Class E, 144A, 1 Month SOFR + 3.000% (Cap N/A, Floor 3.000%) | 7.329(c) | &nbsp;&nbsp;02/15/35 |  | &nbsp;&nbsp;4750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4713160 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** |
| NYC Commercial Mortgage Trust,<br> Series 2025-03BP, Class D, 144A, 1 Month SOFR + 2.441% (Cap N/A, Floor 2.441%) | 6.770 %(c) | &nbsp;&nbsp;02/15/42 | &nbsp;&nbsp;2350 | &nbsp;&nbsp; $2292520 |
| ROCK Trust,<br> Series 2024-CNTR, Class E, 144A | 8.819 | &nbsp;&nbsp;11/13/41 | &nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5222819 |
| **Total Commercial Mortgage-Backed Securities<br> (cost $12,094,245)** | **Total Commercial Mortgage-Backed Securities<br> (cost $12,094,245)** | **Total Commercial Mortgage-Backed Securities<br> (cost $12,094,245)** | **Total Commercial Mortgage-Backed Securities<br> (cost $12,094,245)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12228499 |
| **Corporate Bonds 13.5%** | **Corporate Bonds 13.5%** | **Corporate Bonds 13.5%** | **Corporate Bonds 13.5%** | **Corporate Bonds 13.5%** |
| **Airlines 0.2%** | **Airlines 0.2%** | **Airlines 0.2%** | **Airlines 0.2%** | **Airlines 0.2%** |
| VistaJet Malta Finance PLC/Vista Management<br> Holding, Inc. (Switzerland), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 6.375 | &nbsp;&nbsp;02/01/30 | &nbsp;&nbsp;&nbsp;&nbsp;375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;335625 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 7.875 | &nbsp;&nbsp;05/01/27 | &nbsp;&nbsp;3575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3494562 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3830187 |
| **Auto Parts & Equipment 0.0%** | **Auto Parts & Equipment 0.0%** | **Auto Parts & Equipment 0.0%** | **Auto Parts & Equipment 0.0%** | **Auto Parts & Equipment 0.0%** |
| Dana, Inc.,<br> Sr. Unsec'd. Notes | 4.500 | &nbsp;&nbsp;02/15/32 | &nbsp;&nbsp;&nbsp;&nbsp;680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;635932 |
| **Banks 9.8%** | **Banks 9.8%** | **Banks 9.8%** | **Banks 9.8%** | **Banks 9.8%** |
| Bank of America Corp.,<br> Jr. Sub. Notes | 6.625(ff) | &nbsp;&nbsp;05/01/30(oo) | &nbsp;&nbsp;4690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4774236 |
| Bank of Nova Scotia (The) (Canada),<br> Jr. Sub. Notes(a) | 7.350(ff) | &nbsp;&nbsp;04/27/85 | 31000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31124524 |
| Citigroup, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series CC | 7.125(ff) | &nbsp;&nbsp;08/15/29(oo) | &nbsp;&nbsp;9870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9998102 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series EE | 6.750(ff) | &nbsp;&nbsp;02/15/30(oo) | 10295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10205417 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series FF | 6.950(ff) | &nbsp;&nbsp;02/15/30(oo) | 15435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15558513 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series X | 3.875(ff) | &nbsp;&nbsp;02/18/26(oo) | 26500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26004609 |
| Goldman Sachs Group, Inc. (The), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes | 6.850(ff) | &nbsp;&nbsp;02/10/30(oo) | 15435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15612971 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series R | 7.560(ff) | &nbsp;&nbsp;08/10/25(oo) | &nbsp;&nbsp;9444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9458516 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series V | 4.125(ff) | &nbsp;&nbsp;11/10/26(oo) | 20058 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19528833 |
| JPMorgan Chase & Co.,<br> Jr. Sub. Notes, Series II, 3 Month SOFR + 2.745% | 7.043(ff)(c) | &nbsp;&nbsp;07/01/25(oo) | 23015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22975863 |
| Royal Bank of Canada (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes(a) | 6.350(ff) | &nbsp;&nbsp;11/24/84 | &nbsp;&nbsp;6500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6110000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes(a) | 7.500(ff) | &nbsp;&nbsp;05/02/84 | &nbsp;&nbsp;9000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9344083 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Banks (cont'd.)** | **Banks (cont'd.)** | **Banks (cont'd.)** | **Banks (cont'd.)** | **Banks (cont'd.)** |
| State Street Corp.,<br> Jr. Sub. Notes, Series J | 6.700 %(ff) | &nbsp;&nbsp;09/15/29(oo) | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp; $102166 |
| Sumitomo Mitsui Financial Group, Inc. (Japan),<br> Jr. Sub. Notes | 6.600(ff) | &nbsp;&nbsp;06/05/34(oo) | &nbsp;&nbsp;2725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2677312 |
| Toronto-Dominion Bank (The) (Canada),<br> Jr. Sub. Notes(a) | 7.250(ff) | &nbsp;&nbsp;07/31/84 | 30255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30820874 |
| U.S. Bancorp,<br> Jr. Sub. Notes | 3.700(ff) | &nbsp;&nbsp;01/15/27(oo) | &nbsp;&nbsp;8613 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8239956 |
| Wells Fargo & Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes | 6.850(ff) | &nbsp;&nbsp;09/15/29(oo) | &nbsp;&nbsp;6060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6225278 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series BB | 3.900(ff) | &nbsp;&nbsp;03/15/26(oo) | &nbsp;&nbsp;&nbsp;&nbsp;775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;762522 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229523775 |
| **Chemicals 0.0%** | **Chemicals 0.0%** | **Chemicals 0.0%** | **Chemicals 0.0%** | **Chemicals 0.0%** |
| Tronox, Inc.,<br> Gtd. Notes, 144A | 4.625 | &nbsp;&nbsp;03/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146145 |
| **Commercial Services 0.1%** | **Commercial Services 0.1%** | **Commercial Services 0.1%** | **Commercial Services 0.1%** | **Commercial Services 0.1%** |
| Adtalem Global Education, Inc.,<br> Sr. Sec'd. Notes, 144A | 5.500 | &nbsp;&nbsp;03/01/28 | &nbsp;&nbsp;1521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1510548 |
| Allied Universal Holdco LLC/Allied Universal Finance Corp.,<br> Sr. Unsec'd. Notes, 144A | 6.000 | &nbsp;&nbsp;06/01/29 | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;378451 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1888999 |
| **Diversified Financial Services 0.5%** | **Diversified Financial Services 0.5%** | **Diversified Financial Services 0.5%** | **Diversified Financial Services 0.5%** | **Diversified Financial Services 0.5%** |
| American Express Co.,<br> Jr. Sub. Notes | 3.550(ff) | &nbsp;&nbsp;09/15/26(oo) | 11065 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10715553 |
| **Electric 0.6%** | **Electric 0.6%** | **Electric 0.6%** | **Electric 0.6%** | **Electric 0.6%** |
| Vistra Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, 144A | 7.000(ff) | &nbsp;&nbsp;12/15/26(oo) | &nbsp;&nbsp;7375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7464208 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, 144A | 8.000(ff) | &nbsp;&nbsp;10/15/26(oo) | &nbsp;&nbsp;5225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5348876 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12813084 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **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)** |
| **Home Builders 0.2%** | **Home Builders 0.2%** | **Home Builders 0.2%** | **Home Builders 0.2%** | **Home Builders 0.2%** | **Home Builders 0.2%** |
| Ashton Woods USA LLC/Ashton Woods Finance Co.,<br> Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;4.625% | &nbsp;&nbsp;04/01/30 |  | &nbsp;&nbsp;&nbsp;835 | &nbsp;&nbsp; $783394 |
| Brookfield Residential Properties, Inc./Brookfield Residential US LLC (Canada),<br> Gtd. Notes, 144A | &nbsp;&nbsp;4.875 | &nbsp;&nbsp;02/15/30 |  | 4200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3654000 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4437394 |
| **Housewares 0.0%** | **Housewares 0.0%** | **Housewares 0.0%** | **Housewares 0.0%** | **Housewares 0.0%** | **Housewares 0.0%** |
| SWF Holdings I Corp.,<br> Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;6.500 | &nbsp;&nbsp;10/01/29 |  | 2550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;995046 |
| **Internet 0.2%** | **Internet 0.2%** | **Internet 0.2%** | **Internet 0.2%** | **Internet 0.2%** | **Internet 0.2%** |
| Cablevision Lightpath LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;3.875 | &nbsp;&nbsp;09/15/27 |  | &nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191959 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;5.625 | &nbsp;&nbsp;09/15/28 |  | &nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;193047 |
| United Group BV (Slovenia),<br> Sr. Sec'd. Notes, 144A, 3 Month EURIBOR + 4.250% (Cap N/A, Floor 4.250%) | &nbsp;&nbsp;6.393(c) | &nbsp;&nbsp;02/01/29 | &nbsp;&nbsp;EUR | 4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4553154 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4938160 |
| **Media 0.3%** | **Media 0.3%** | **Media 0.3%** | **Media 0.3%** | **Media 0.3%** | **Media 0.3%** |
| CSC Holdings LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;3.375 | &nbsp;&nbsp;02/15/31 |  | &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;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;&nbsp;475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;432631 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;04/15/27 |  | &nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;189453 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;12/01/30 |  | &nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;323448 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;11/15/31 |  | 2157 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;995176 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;5.750 | &nbsp;&nbsp;01/15/30 |  | &nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102125 |
| DISH DBS Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | &nbsp;&nbsp;5.125 | &nbsp;&nbsp;06/01/29(d) |  | &nbsp;&nbsp;&nbsp;450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;294903 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | &nbsp;&nbsp;7.375 | &nbsp;&nbsp;07/01/28 |  | &nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239009 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | &nbsp;&nbsp;7.750 | &nbsp;&nbsp;07/01/26 |  | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;860163 |
| DISH Network Corp.,<br> Sr. Sec'd. Notes, 144A | 11.750 | &nbsp;&nbsp;11/15/27 |  | 2800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2887299 |
| Radiate Holdco LLC/Radiate Finance, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;09/15/26 |  | &nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171471 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;6.500 | &nbsp;&nbsp;09/15/28 |  | &nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131975 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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 (cont'd.)** | **Media (cont'd.)** | **Media (cont'd.)** | **Media (cont'd.)** | **Media (cont'd.)** |
| Sinclair Television Group, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;5.125% | &nbsp;&nbsp;02/15/27 | &nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp; $188806 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;8.125 | &nbsp;&nbsp;02/15/33 | &nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200199 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7285367 |
| **Oil & Gas 0.3%** | **Oil & Gas 0.3%** | **Oil & Gas 0.3%** | **Oil & Gas 0.3%** | **Oil & Gas 0.3%** |
| Alta Mesa Holdings LP/Alta Mesa Finance Services Corp.,<br> Gtd. Notes | &nbsp;&nbsp;7.875 | &nbsp;&nbsp;12/15/24(d) | 6725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8406 |
| Hilcorp Energy I LP/Hilcorp Finance Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;04/15/30 | 2650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2515612 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;6.250 | &nbsp;&nbsp;04/15/32 | 3750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3424130 |
| 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(c) | &nbsp;&nbsp;09/30/29 | &nbsp;&nbsp;&nbsp;568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;559054 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A, 3 Month SOFR + 5.750% (Cap N/A, Floor 2.000%)^ | 10.030(c) | &nbsp;&nbsp;09/30/29 | &nbsp;&nbsp;&nbsp;681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;670865 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A, 3 Month SOFR + 5.750% (Cap N/A, Floor 2.000%)^ | 10.076(c) | &nbsp;&nbsp;09/30/29 | &nbsp;&nbsp;&nbsp;568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;559054 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7737121 |
| **Packaging & Containers 0.1%** | **Packaging & Containers 0.1%** | **Packaging & Containers 0.1%** | **Packaging & Containers 0.1%** | **Packaging & Containers 0.1%** |
| 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 | 3250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3251788 |
| **Pipelines 0.4%** | **Pipelines 0.4%** | **Pipelines 0.4%** | **Pipelines 0.4%** | **Pipelines 0.4%** |
| Venture Global LNG, Inc.,<br> Jr. Sub. Notes, 144A | &nbsp;&nbsp;9.000(ff) | &nbsp;&nbsp;09/30/29(oo) | 8680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8216672 |
| **Real Estate 0.1%** | **Real Estate 0.1%** | **Real Estate 0.1%** | **Real Estate 0.1%** | **Real Estate 0.1%** |
| Howard Hughes Corp. (The),<br> Gtd. Notes, 144A | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;02/01/31 | 1745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1585580 |
| Hunt Cos., Inc.,<br> Sr. Sec'd. Notes, 144A(a) | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;04/15/29 | 1025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;995545 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2581125 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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)** |
| **Real Estate Investment Trusts (REITs) 0.3%** | **Real Estate Investment Trusts (REITs) 0.3%** | **Real Estate Investment Trusts (REITs) 0.3%** | **Real Estate Investment Trusts (REITs) 0.3%** | **Real Estate Investment Trusts (REITs) 0.3%** |
| Diversified Healthcare Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | &nbsp;&nbsp;4.375% | &nbsp;&nbsp;03/01/31 | 7519 | &nbsp;&nbsp; $6204846 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | &nbsp;&nbsp;9.750 | &nbsp;&nbsp;06/15/25 | &nbsp;&nbsp;&nbsp;&nbsp;19 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19002 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;02/15/28 | 1275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1168066 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7391914 |
| **Retail 0.1%** | **Retail 0.1%** | **Retail 0.1%** | **Retail 0.1%** | **Retail 0.1%** |
| Gap, Inc. (The),<br> Gtd. Notes, 144A(a) | &nbsp;&nbsp;3.875 | &nbsp;&nbsp;10/01/31 | 2195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1940160 |
| **Telecommunications 0.3%** | **Telecommunications 0.3%** | **Telecommunications 0.3%** | **Telecommunications 0.3%** | **Telecommunications 0.3%** |
| Digicel Group Holdings Ltd. (Jamaica), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, Series 1B14, 144A | &nbsp;&nbsp;0.000 | &nbsp;&nbsp;12/31/30 | &nbsp;&nbsp;&nbsp;149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, Series 3B14, 144A^ | &nbsp;&nbsp;0.000 | &nbsp;&nbsp;12/31/30 | &nbsp;&nbsp;&nbsp;197 | &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% | 11.250 | &nbsp;&nbsp;05/25/27 | 3137 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3145120 |
| Level 3 Financing, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sec'd. Notes, 144A | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;04/15/31 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;839261 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sec'd. Notes, 144A | &nbsp;&nbsp;4.875 | &nbsp;&nbsp;06/15/29 | &nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136771 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 10.500 | &nbsp;&nbsp;04/15/29 | &nbsp;&nbsp;&nbsp;375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;422675 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 10.500 | &nbsp;&nbsp;05/15/30 | &nbsp;&nbsp;&nbsp;423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;462765 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A(a) | 11.000 | &nbsp;&nbsp;11/15/29 | 1923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2185438 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7192045 |
| **Total Corporate Bonds<br> (cost $321,602,216)** | **Total Corporate Bonds<br> (cost $321,602,216)** | **Total Corporate Bonds<br> (cost $321,602,216)** | **Total Corporate Bonds<br> (cost $321,602,216)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315520467 |
| **Floating Rate and Other Loans 63.0%** | **Floating Rate and Other Loans 63.0%** | **Floating Rate and Other Loans 63.0%** | **Floating Rate and Other Loans 63.0%** | **Floating Rate and Other Loans 63.0%** |
| **Advertising 0.3%** | **Advertising 0.3%** | **Advertising 0.3%** | **Advertising 0.3%** | **Advertising 0.3%** |
| Summer BC Holdco B Sarl (Luxembourg),<br> Extended Facility B, 3 Month SOFR + 5.260% | &nbsp;&nbsp;9.559(c) | &nbsp;&nbsp;02/15/29 | 7044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6938651 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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)** |
| **Aerospace & Defense 0.3%** | **Aerospace & Defense 0.3%** | **Aerospace & Defense 0.3%** | **Aerospace & Defense 0.3%** | **Aerospace & Defense 0.3%** |
| Azorra Soar TLB Finance Ltd. (Cayman Islands),<br> Initial Term Loan, 3 Month SOFR + 3.500% | &nbsp;&nbsp;7.799 %(c) | &nbsp;&nbsp;10/18/29 | &nbsp;&nbsp;4583 | &nbsp;&nbsp; $4577241 |
| Transdigm, Inc.,<br> Tranche K Term Loan, 3 Month SOFR + 2.750% | &nbsp;&nbsp;7.049(c) | &nbsp;&nbsp;03/22/30 | &nbsp;&nbsp;1832 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1834934 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6412175 |
| **Agriculture 0.4%** | **Agriculture 0.4%** | **Agriculture 0.4%** | **Agriculture 0.4%** | **Agriculture 0.4%** |
| Alltech, Inc.,<br> Term B-2 Loan, 1 Month SOFR + 4.364% | &nbsp;&nbsp;8.691(c) | &nbsp;&nbsp;08/13/30 | &nbsp;&nbsp;7530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7445491 |
| Sycamore Buyer LLC,<br> Term Loan, 1 Month SOFR + 2.250% | &nbsp;&nbsp;6.577(c) | &nbsp;&nbsp;05/21/32 | &nbsp;&nbsp;2975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2968803 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10414294 |
| **Airlines 0.7%** | **Airlines 0.7%** | **Airlines 0.7%** | **Airlines 0.7%** | **Airlines 0.7%** |
| American Airlines, Inc.,<br> Repriced Term Loan, 3 Month SOFR + 2.250% | &nbsp;&nbsp;6.522(c) | &nbsp;&nbsp;04/20/28 | &nbsp;&nbsp;7936 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7844449 |
| United Air Lines, Inc.,<br> Term B Loan, 3 Month SOFR + 2.000% | &nbsp;&nbsp;6.275(c) | &nbsp;&nbsp;02/22/31 | &nbsp;&nbsp;2958 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2958554 |
| 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;5445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5445000 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16248003 |
| **Auto Parts & Equipment 2.1%** | **Auto Parts & Equipment 2.1%** | **Auto Parts & Equipment 2.1%** | **Auto Parts & Equipment 2.1%** | **Auto Parts & Equipment 2.1%** |
| Adient US LLC,<br> Term B-2 Loan, 1 Month SOFR + 2.250% | &nbsp;&nbsp;6.577(c) | &nbsp;&nbsp;01/31/31 | &nbsp;&nbsp;2763 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2747686 |
| Clarios Global LP,<br> Amendment No. 6 Dollar Term Loan, 1 Month SOFR + 2.750% | &nbsp;&nbsp;7.077(c) | &nbsp;&nbsp;01/28/32 | 12400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12353500 |
| 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 | &nbsp;&nbsp;5521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5320674 |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 Second Lien Term Loan, 3 Month SOFR + 8.762% | 13.041(c) | &nbsp;&nbsp;03/30/28 | 10730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9657000 |
| &nbsp;&nbsp;&nbsp;&nbsp;2022-Ii Incremental Termloan, 3 Month SOFR + 5.262% | &nbsp;&nbsp;9.541(c) | &nbsp;&nbsp;03/30/27 | &nbsp;&nbsp;2209 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2129951 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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)** |
| **Auto Parts & Equipment (cont'd.)** | **Auto Parts & Equipment (cont'd.)** | **Auto Parts & Equipment (cont'd.)** | **Auto Parts & Equipment (cont'd.)** | **Auto Parts & Equipment (cont'd.)** |
| Tenneco, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Term A Loan, 1 Month SOFR + 4.850% | 9.173 %(c) | &nbsp;&nbsp;11/17/28 | &nbsp;&nbsp;8054 | &nbsp;&nbsp; $7766897 |
| &nbsp;&nbsp;&nbsp;&nbsp;Term B Loan, 3 Month SOFR + 5.100% | 9.411(c) | &nbsp;&nbsp;11/17/28 | 10113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9788398 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49764106 |
| **Beverages 0.3%** | **Beverages 0.3%** | **Beverages 0.3%** | **Beverages 0.3%** | **Beverages 0.3%** |
| Brewco Borrower LLC,<br> Super Priority Term Loan^ | &nbsp;&nbsp;—(p) | &nbsp;&nbsp;01/05/26(d) | &nbsp;&nbsp;1134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1020291 |
| City Brewing Co. LLC,<br> Second Out Term Loan | &nbsp;&nbsp;—(p) | &nbsp;&nbsp;04/05/28(d) | &nbsp;&nbsp;8884 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22210 |
| Pegasus Bidco BV (Netherlands),<br> 2024-2 Dollar Term Loan, 3 Month SOFR + 3.250%^ | 7.576(c) | &nbsp;&nbsp;07/12/29 | &nbsp;&nbsp;4950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4925312 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5967813 |
| **Building Materials 1.9%** | **Building Materials 1.9%** | **Building Materials 1.9%** | **Building Materials 1.9%** | **Building Materials 1.9%** |
| BCP VI Summit Holdings LP,<br> Initial Term Loan, 1 Month SOFR + 3.500% | 7.827(c) | &nbsp;&nbsp;01/30/32 | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;602250 |
| Cornerstone Building Brands, Inc.,<br> Term Loan, 1 Month SOFR + 5.625% | 9.954(c) | &nbsp;&nbsp;08/01/28 | &nbsp;&nbsp;8276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7323861 |
| Eco Material Technologies, Inc.,<br> Initial Term Loan, 6 Month SOFR + 3.250% | 7.467(c) | &nbsp;&nbsp;02/12/32 | &nbsp;&nbsp;6533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6500335 |
| Emerald Debt Merger Sub LLC,<br> Second Amendment Incremental Term Loan, 3 Month SOFR + 2.500% | 6.799(c) | &nbsp;&nbsp;08/04/31 | &nbsp;&nbsp;3134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3117272 |
| EMRLD Borrower LP,<br> Initial Term B Loan, 3 Month SOFR + 2.500% | 6.833(c) | &nbsp;&nbsp;05/31/30 | &nbsp;&nbsp;7304 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7258464 |
| Phrg Intermediate LLC,<br> Closing Date Term Loan, 3 Month SOFR + 4.000% | 8.333(c) | &nbsp;&nbsp;02/20/32 | &nbsp;&nbsp;3950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3742625 |
| Quikrete Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2029 Term B Loan, 1 Month SOFR + 2.250% | 6.577(c) | &nbsp;&nbsp;03/19/29 | &nbsp;&nbsp;5356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5349778 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tranche B-3 Term Loan, 1 Month SOFR + 2.250% | 6.577(c) | &nbsp;&nbsp;02/10/32 | &nbsp;&nbsp;7700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7667914 |
| Vector WP HoldCo, Inc.,<br> Initial Term B Loan, 1 Month SOFR + 5.114% | 9.441(c) | &nbsp;&nbsp;10/12/28 | &nbsp;&nbsp;2531 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2499399 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44061898 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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 3.3%** | **Chemicals 3.3%** | **Chemicals 3.3%** | **Chemicals 3.3%** | **Chemicals 3.3%** |
| A-Ap Buyer, Inc.,<br> Initial Term Loan, 1 Month SOFR + 2.750% | &nbsp;&nbsp;7.077 %(c) | &nbsp;&nbsp;09/09/31 | 3840 | &nbsp;&nbsp; $3835575 |
| 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 | 4873 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4538436 |
| Flint Group Packaging Inks North America<br> Holdings LLC (Luxembourg), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Facility B USD | &nbsp;&nbsp;9.541 | &nbsp;&nbsp;12/31/26 | 5686 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5410713 |
| &nbsp;&nbsp;&nbsp;&nbsp;First Lien Facility B, 3 Month SOFR + 0.362% | 11.552(c) | &nbsp;&nbsp;12/31/27 | 5044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4010321 |
| &nbsp;&nbsp;&nbsp;&nbsp;Second Lien Facility B, 3 Month SOFR + 7.262% | 11.552(c) | &nbsp;&nbsp;12/31/27 | 6838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;695185 |
| Geon Performance Solutions LLC,<br> 2024 Refinancing Term Loan, 3 Month SOFR + 4.512% | &nbsp;&nbsp;8.811(c) | &nbsp;&nbsp;08/18/28 | 6205 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5987418 |
| Ineos US Finance LLC (Luxembourg),<br> 2030 Dollar Term Loan, 1 Month SOFR + 3.250% | &nbsp;&nbsp;7.577(c) | &nbsp;&nbsp;02/18/30 | 5880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5666385 |
| Ineos US Petrochem LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2030 Tranche B Dollar Term Loan, 1 Month SOFR + 3.850% | &nbsp;&nbsp;8.177(c) | &nbsp;&nbsp;03/14/30 | 2555 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2303308 |
| &nbsp;&nbsp;&nbsp;&nbsp;New Term B Loan, 1 Month SOFR + 4.350% | &nbsp;&nbsp;8.677(c) | &nbsp;&nbsp;04/02/29 | 4454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4075695 |
| Iris Holdings Ltd.,<br> Initial Term Loan, 3 Month SOFR + 4.850% | &nbsp;&nbsp;9.130(c) | &nbsp;&nbsp;06/28/28 | 5454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5210307 |
| Luxembourg Investment Co. Sarl (Luxembourg),<br> Initial Term Loan | 12.000 | &nbsp;&nbsp;01/03/29(d) | 6859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205781 |
| Nouryon Finance BV (Netherlands), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;November 2024 B-1 Dollar Term Loan, 3 Month SOFR + 3.250% | &nbsp;&nbsp;7.510(c) | &nbsp;&nbsp;04/03/28 | 6661 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6665490 |
| &nbsp;&nbsp;&nbsp;&nbsp;November 2024 B-2 Dollar Term Loan, 3 Month SOFR + 3.250% | &nbsp;&nbsp;7.550(c) | &nbsp;&nbsp;04/03/28 | 3081 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3084988 |
| Paint Intermediate III LLC,<br> Paint Intermediate/Wesco Group Cov-Lite Term B Loan, 3 Month SOFR + 3.000% | &nbsp;&nbsp;7.299(c) | &nbsp;&nbsp;09/11/31 | 2250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2246249 |
| SCIH Salt Holdings, Inc.,<br> First Lien Incremental Term B-1 Loan, 3 Month SOFR + 3.000% | &nbsp;&nbsp;7.280(c) | &nbsp;&nbsp;01/31/29 | 5169 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5152113 |
| TPC Group, Inc.,<br> Initial Term Loan, 6 Month SOFR + 5.750%^ | &nbsp;&nbsp;9.952(c) | &nbsp;&nbsp;12/16/31 | 8288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7832160 |
| Tronox Finance LLC,<br> 2024-B Term Loan, 1 Month SOFR + 2.500% | &nbsp;&nbsp;6.808(c) | &nbsp;&nbsp;09/30/31 | 1161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1130941 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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.)** |
| 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;3022 | &nbsp;&nbsp; $2992177 |
| &nbsp;&nbsp;&nbsp;&nbsp;Term Loan, 3 Month SOFR + 2.000% | 14.322(c) | &nbsp;&nbsp;10/12/28 | &nbsp;&nbsp;4309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3554926 |
| Venator Materials LLC,<br> First Out Term B Loan, 3 Month SOFR + 10.000%^ | 15.299(c) | &nbsp;&nbsp;07/16/26 | &nbsp;&nbsp;3039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3008578 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77606746 |
| **Commercial Services 6.5%** | **Commercial Services 6.5%** | **Commercial Services 6.5%** | **Commercial Services 6.5%** | **Commercial Services 6.5%** |
| Albion Financing 3 Sarl (United Kingdom),<br> 2025 Amended USD Term Loan, 3 Month SOFR + 3.000% | &nbsp;&nbsp;7.321(c) | &nbsp;&nbsp;08/16/29 | &nbsp;&nbsp;4618 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4624012 |
| Allied Universal Holdco LLC,<br> Term Loan USD, 1 Month SOFR + 3.850% | &nbsp;&nbsp;8.177(c) | &nbsp;&nbsp;05/12/28 | &nbsp;&nbsp;7874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7881019 |
| Belfor Holdings, Inc.,<br> Tranche B3, 1 Month SOFR + 3.000% | &nbsp;&nbsp;7.327(c) | &nbsp;&nbsp;11/01/30 | &nbsp;&nbsp;7042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7059160 |
| Belron Finance US LLC,<br> 2031 Dollar Incremental Term Loan, 3 Month SOFR + 2.750% | &nbsp;&nbsp;7.049(c) | &nbsp;&nbsp;10/16/31 | &nbsp;&nbsp;9462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9494907 |
| Boost Newco Borrower LLC,<br> Term B-2 Loan, 3 Month SOFR + 2.000% | &nbsp;&nbsp;6.299(c) | &nbsp;&nbsp;01/31/31 | 12236 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12232132 |
| CoreLogic, Inc.,<br> First Lien Initial Term Loan, 1 Month SOFR + 3.614% | &nbsp;&nbsp;7.941(c) | &nbsp;&nbsp;06/02/28 | &nbsp;&nbsp;8263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8136191 |
| Crisis Prevention Institute, Inc.,<br> 2024 Term Loan, 3 Month SOFR + 4.000% | &nbsp;&nbsp;8.299(c) | &nbsp;&nbsp;04/09/31 | &nbsp;&nbsp;6908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6916322 |
| DS Parent, Inc.,<br> Term B Loan, 3 Month SOFR + 5.500% | &nbsp;&nbsp;9.799(c) | &nbsp;&nbsp;01/31/31 | &nbsp;&nbsp;1315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1139173 |
| EAB Global, Inc.,<br> Term Loan, 1 Month SOFR + 3.000% | &nbsp;&nbsp;7.327(c) | &nbsp;&nbsp;08/16/30 | &nbsp;&nbsp;6269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6133627 |
| Ensemble RCM LLC,<br> Term B Loan, 3 Month SOFR + 3.000% | &nbsp;&nbsp;7.280(c) | &nbsp;&nbsp;08/01/29 | &nbsp;&nbsp;1375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1376074 |
| Grant Thornton Advisors LLC,<br> 2025 Incremental Term Loan, 1 Month SOFR + 2.750% | &nbsp;&nbsp;7.077(c) | &nbsp;&nbsp;06/02/31 | &nbsp;&nbsp;8564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8520990 |
| Ingenovis Health, Inc.,<br> First Lien Initial Term Loan, 3 Month SOFR + 4.364% | &nbsp;&nbsp;8.697(c) | &nbsp;&nbsp;03/06/28 | 12213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5496060 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **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)** |
| **Commercial Services (cont'd.)** | **Commercial Services (cont'd.)** | **Commercial Services (cont'd.)** | **Commercial Services (cont'd.)** | **Commercial Services (cont'd.)** | **Commercial Services (cont'd.)** |
| Jupiter Buyer, Inc.,<br> Initial Term Loan, 3 Month SOFR + 4.750% | 9.033 %(c) | &nbsp;&nbsp;11/01/31 |  | &nbsp;&nbsp;4684 | &nbsp;&nbsp; $4690338 |
| Kuehg Corp.,<br> Term Loan, 3 Month SOFR + 3.250% | 7.549(c) | &nbsp;&nbsp;06/12/30 |  | &nbsp;&nbsp;4765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4778474 |
| Latham Pool Products, Inc.,<br> Initial Term Loan, 1 Month SOFR + 4.100%^ | 8.427(c) | &nbsp;&nbsp;02/23/29 |  | &nbsp;&nbsp;4706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4564940 |
| Markermeer Finance BV (Netherlands),<br> Term Facility B, 6 Month EURIBOR + 3.000% | 5.161(c) | &nbsp;&nbsp;01/29/27 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5665896 |
| Mavis Tire Express Services Topco Corp.,<br> 2025 First Lien Incremental Term Loan, 3 Month SOFR + 3.000% | 7.333(c) | &nbsp;&nbsp;05/04/28 |  | &nbsp;&nbsp;1515 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1500831 |
| MPH Acquisition Holdings LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;First Out Term Loan, 3 Month SOFR + 3.750% | 8.030(c) | &nbsp;&nbsp;12/31/30 |  | &nbsp;&nbsp;6487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6373426 |
| &nbsp;&nbsp;&nbsp;&nbsp;Second Out Term Loan, 3 Month SOFR + 4.862% | 9.141(c) | &nbsp;&nbsp;12/31/30 |  | &nbsp;&nbsp;4625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4035313 |
| NAB Holdings LLC,<br> 2025 Refinancing Term Loan, 3 Month SOFR + 2.500% | 6.799(c) | &nbsp;&nbsp;11/24/28 |  | &nbsp;&nbsp;4720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4680151 |
| Neon Maple US Debt Mergersub, Inc.,<br> Tranche B-1 Term Loan, 1 Month SOFR + 3.000% | 7.327(c) | &nbsp;&nbsp;11/17/31 |  | 12075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12047324 |
| Omnia Partners LLC,<br> Amendment No. 3 Term Loan, 3 Month SOFR + 2.750% | 7.033(c) | &nbsp;&nbsp;07/25/30 |  | &nbsp;&nbsp;4665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4670640 |
| PG Polaris Bidco (Ursa Minor) (Luxembourg),<br> Term B Loan, 3 Month SOFR + 3.000% | 7.299(c) | &nbsp;&nbsp;03/26/31 |  | &nbsp;&nbsp;2185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2185890 |
| Ryan LLC,<br> Initial Term Loan, 1 Month SOFR + 3.500% | 7.827(c) | &nbsp;&nbsp;11/14/30 |  | &nbsp;&nbsp;5700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5699512 |
| Shift4 Payments LLC,<br> Term Loan | &nbsp;&nbsp;—(p) | &nbsp;&nbsp;05/31/32 |  | &nbsp;&nbsp;2225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2236125 |
| TruGreen LP,<br> Second Refinancing Term Loan (First Lien), 1 Month SOFR + 4.100% | 8.427(c) | &nbsp;&nbsp;11/02/27 |  | &nbsp;&nbsp;3808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3665602 |
| Verde Purchaser LLC,<br> Initial Term Loan, 3 Month SOFR + 4.000% | 8.299(c) | &nbsp;&nbsp;11/30/30 |  | &nbsp;&nbsp;3391 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3389783 |
| VT Topco, Inc.,<br> Second Amendment Term Loan, 3 Month SOFR + 3.000% | 7.299(c) | &nbsp;&nbsp;08/09/30 |  | &nbsp;&nbsp;2074 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2076447 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151270359 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **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)** |
| **Computers 2.5%** | **Computers 2.5%** | **Computers 2.5%** | **Computers 2.5%** | **Computers 2.5%** | **Computers 2.5%** |
| Amentum Holdings, Inc.,<br> Initial Term Loan, 1 Month SOFR + 2.250% | &nbsp;&nbsp;6.577 %(c) | &nbsp;&nbsp;09/29/31 |  | &nbsp;&nbsp;6102 | &nbsp;&nbsp; $6066593 |
| ConvergeOne Holdings, Inc.,<br> PVKG Intermediate Holdings, Inc. First Lien Term Loan | &nbsp;&nbsp;&nbsp;&nbsp;—(p) | &nbsp;&nbsp;06/04/30 |  | &nbsp;&nbsp;3483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2089672 |
| Fortress Intermediate,<br> Initial Term Loan, 1 Month SOFR + 3.500%^ | &nbsp;&nbsp;7.827(c) | &nbsp;&nbsp;06/27/31 |  | &nbsp;&nbsp;7164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7092360 |
| Indy US Bidco LLC,<br> Eleventh Amendment Term Loan, 1 Month SOFR + 3.500% | &nbsp;&nbsp;7.827(c) | &nbsp;&nbsp;03/06/28 |  | &nbsp;&nbsp;7095 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7094658 |
| McAfee Corp.,<br> Refinancing Tranche B-1, 1 Month SOFR + 3.000% | &nbsp;&nbsp;7.329(c) | &nbsp;&nbsp;03/01/29 |  | &nbsp;&nbsp;8407 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8057821 |
| Peraton Corp.,<br> First Lien Term B Loan, 1 Month SOFR + 3.850% | &nbsp;&nbsp;8.177(c) | &nbsp;&nbsp;02/01/28 |  | &nbsp;&nbsp;1796 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1552774 |
| Sandisk Corp.,<br> Term B Loan, 3 Month SOFR + 3.000%^ | &nbsp;&nbsp;7.321(c) | &nbsp;&nbsp;02/20/32 |  | &nbsp;&nbsp;9725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9603438 |
| SonicWall US Holdings, Inc.,<br> 2023 Term Loan, 3 Month SOFR + 5.000% | &nbsp;&nbsp;9.299(c) | &nbsp;&nbsp;05/18/28 |  | &nbsp;&nbsp;2013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1974141 |
| Synechron, Inc.,<br> Initial Term Loan, 3 Month SOFR + 3.750%^ | &nbsp;&nbsp;8.030(c) | &nbsp;&nbsp;09/26/31 |  | &nbsp;&nbsp;5025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5012438 |
| VeriFone Systems, Inc.,<br> 2025-1 Refinancing Term Loan, 3 Month SOFR + 5.928% | 10.211(c) | &nbsp;&nbsp;08/18/28 |  | 10562 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9602255 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58146150 |
| **Cosmetics/Personal Care 0.6%** | **Cosmetics/Personal Care 0.6%** | **Cosmetics/Personal Care 0.6%** | **Cosmetics/Personal Care 0.6%** | **Cosmetics/Personal Care 0.6%** | **Cosmetics/Personal Care 0.6%** |
| Opal US LLC,<br> Term B Loan | &nbsp;&nbsp;&nbsp;&nbsp;—(p) | &nbsp;&nbsp;04/28/32 |  | &nbsp;&nbsp;6190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6194642 |
| Rainbow UK Bidco Ltd. (Luxembourg),<br> Facility B-3 Loan, SONIA + 4.250% | &nbsp;&nbsp;8.690(c) | &nbsp;&nbsp;02/23/29 | &nbsp;&nbsp;GBP | &nbsp;&nbsp;5775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7716108 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13910750 |
| **Distribution/Wholesale 1.3%** | **Distribution/Wholesale 1.3%** | **Distribution/Wholesale 1.3%** | **Distribution/Wholesale 1.3%** | **Distribution/Wholesale 1.3%** | **Distribution/Wholesale 1.3%** |
| AIP RD Buyer Corp.,<br> Term B Loan (First Lien), 1 Month SOFR + 4.000% | &nbsp;&nbsp;8.327(c) | &nbsp;&nbsp;12/23/30 |  | &nbsp;&nbsp;1918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1918030 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **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)** |
| **Distribution/Wholesale (cont'd.)** | **Distribution/Wholesale (cont'd.)** | **Distribution/Wholesale (cont'd.)** | **Distribution/Wholesale (cont'd.)** | **Distribution/Wholesale (cont'd.)** | **Distribution/Wholesale (cont'd.)** |
| Olympus Water US Holding Corp.,<br> Term B-6 Dollar Loan, 3 Month SOFR + 3.000% | 7.299 %(c) | &nbsp;&nbsp;06/20/31 |  | &nbsp;&nbsp;9224 | &nbsp;&nbsp; $9152163 |
| Protective Industrial Products, Inc.,<br> Initial Term Loan, 1 Month SOFR + 4.000% | 8.327(c) | &nbsp;&nbsp;05/21/32 |  | &nbsp;&nbsp;5175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4997109 |
| Quimper AB (Sweden),<br> Term B Loan, 3 Month EURIBOR + 3.750% | 6.078(c) | &nbsp;&nbsp;03/15/30 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;4500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5129749 |
| Windsor Holdings III LLC,<br> 2025 Refinanced Term B Loan, 1 Month SOFR + 2.750% | 7.075(c) | &nbsp;&nbsp;08/01/30 |  | &nbsp;&nbsp;8845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8803815 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30000866 |
| **Diversified Financial Services 2.1%** | **Diversified Financial Services 2.1%** | **Diversified Financial Services 2.1%** | **Diversified Financial Services 2.1%** | **Diversified Financial Services 2.1%** | **Diversified Financial Services 2.1%** |
| CPI Holdco B LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;First Amendment Incremental Term Loan, 1 Month SOFR + 2.250% | 6.577(c) | &nbsp;&nbsp;05/19/31 |  | &nbsp;&nbsp;1225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1223087 |
| &nbsp;&nbsp;&nbsp;&nbsp;Initial Term Loan, 1 Month SOFR + 2.000% | 6.327(c) | &nbsp;&nbsp;05/17/31 |  | 10124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10098815 |
| Dechra Finance US,<br> Facility B-1 Loan, 6 Month SOFR + 3.250% | 7.513(c) | &nbsp;&nbsp;12/31/31 |  | &nbsp;&nbsp;5676 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5633430 |
| Focus Financial Partners LLC,<br> Tranche B Incremental Term Loan, 1 Month SOFR + 2.750% | 7.077(c) | &nbsp;&nbsp;09/15/31 |  | 10315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10246821 |
| Hudson River Trading LLC,<br> Term B-1 Loan, 1 Month SOFR + 3.000% | 7.333(c) | &nbsp;&nbsp;03/18/30 |  | 12002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12024779 |
| Jefferies Finance LLC,<br> 2024 Initial Term Loan, 1 Month SOFR + 3.000% | 7.325(c) | &nbsp;&nbsp;10/21/31 |  | &nbsp;&nbsp;6094 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6071521 |
| VFH Parent LLC,<br> Term B-2 Loan, 1 Month SOFR + 2.500%^ | 6.827(c) | &nbsp;&nbsp;06/21/31 |  | &nbsp;&nbsp;2686 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2686093 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47984546 |
| **Electric 1.1%** | **Electric 1.1%** | **Electric 1.1%** | **Electric 1.1%** | **Electric 1.1%** | **Electric 1.1%** |
| Calpine Corp.,<br> Term B-10, 1 Month SOFR + 1.750% | 6.077(c) | &nbsp;&nbsp;01/31/31 |  | 12345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12328035 |
| Discovery Energy Holding Corp.,<br> Initial Dollar Term Loan, 3 Month SOFR + 3.750% | 8.049(c) | &nbsp;&nbsp;05/01/31 |  | &nbsp;&nbsp;5513 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5485534 |
| Heritage Power LLC,<br> Term Loan, 3 Month SOFR + 5.500%^ | 9.799(c) | &nbsp;&nbsp;07/20/28 |  | &nbsp;&nbsp;1357 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1336531 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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)** |
| **Electric (cont'd.)** | **Electric (cont'd.)** | **Electric (cont'd.)** | **Electric (cont'd.)** | **Electric (cont'd.)** |
| Lightstone HoldCo LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Extended Term B Loan, 3 Month SOFR + 5.750% | 10.030 %(c) | &nbsp;&nbsp;01/29/27 | 7085 | &nbsp;&nbsp; $7075684 |
| &nbsp;&nbsp;&nbsp;&nbsp;Extended Term C Loan, 3 Month SOFR + 5.750% | 10.030(c) | &nbsp;&nbsp;01/29/27 | &nbsp;&nbsp;&nbsp;401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400148 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26625932 |
| **Electronics 0.5%** | **Electronics 0.5%** | **Electronics 0.5%** | **Electronics 0.5%** | **Electronics 0.5%** |
| Minimax Viking GmbH - MX Holdings US, Inc.,<br> Senior Facility B (USD) Loan, 1 Month SOFR + 2.250%^ | &nbsp;&nbsp;6.577(c) | &nbsp;&nbsp;03/17/32 | 7375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7375000 |
| Roper Industrial Product,<br> Tranche D Dollar Term Loan, 3 Month SOFR + 2.750% | &nbsp;&nbsp;7.049(c) | &nbsp;&nbsp;11/22/29 | 3240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3224023 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10599023 |
| **Energy-Alternate Sources 0.1%** | **Energy-Alternate Sources 0.1%** | **Energy-Alternate Sources 0.1%** | **Energy-Alternate Sources 0.1%** | **Energy-Alternate Sources 0.1%** |
| WIN Waste Innovations Holdings, Inc.,<br> Initial Term Loan, 1 Month SOFR + 2.864% | &nbsp;&nbsp;7.191(c) | &nbsp;&nbsp;03/24/28 | 2127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2110743 |
| **Engineering & Construction 1.3%** | **Engineering & Construction 1.3%** | **Engineering & Construction 1.3%** | **Engineering & Construction 1.3%** | **Engineering & Construction 1.3%** |
| Aegion Corp.,<br> Delayed Term Loan | &nbsp;&nbsp;&nbsp;&nbsp;—(p) | &nbsp;&nbsp;05/17/28 | &nbsp;&nbsp;&nbsp;357 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;355357 |
| Arcosa, Inc.,<br> Initial Term Loan, 1 Month SOFR + 2.250% | &nbsp;&nbsp;6.577(c) | &nbsp;&nbsp;08/12/31 | 1247 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1243758 |
| Azuria Water Solutions, Inc.,<br> 2025 Replacement Term Loan, 1 Month SOFR + 3.000% | &nbsp;&nbsp;7.327(c) | &nbsp;&nbsp;05/17/28 | 6611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6574151 |
| Brown Group Holding LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Incremental Term B-2 Facility, 3 Month SOFR + 2.500% | &nbsp;&nbsp;6.833(c) | &nbsp;&nbsp;07/01/31 | 1900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1893554 |
| &nbsp;&nbsp;&nbsp;&nbsp;Initial Term Loan, 1 Month SOFR + 2.500% | &nbsp;&nbsp;6.827(c) | &nbsp;&nbsp;07/01/31 | 5070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5052544 |
| Construction Partners, Inc.,<br> Closing Date Loan, 1 Month SOFR + 2.500% | &nbsp;&nbsp;6.829(c) | &nbsp;&nbsp;11/03/31 | 4988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4987500 |
| Michael Baker International LLC,<br> First Lien Term B Loan, 3 Month SOFR + 4.000% | &nbsp;&nbsp;8.280(c) | &nbsp;&nbsp;12/01/28 | 4878 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4866125 |
| Red SPV LLC (United Kingdom),<br> Initial Term Loan, 1 Month SOFR + 2.250%^ | &nbsp;&nbsp;6.575(c) | &nbsp;&nbsp;03/15/32 | 5450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5422750 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30395739 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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)** |
| **Entertainment 3.0%** | **Entertainment 3.0%** | **Entertainment 3.0%** | **Entertainment 3.0%** | **Entertainment 3.0%** |
| Allen Media LLC,<br> Term B Loan, 3 Month SOFR + 5.650% | &nbsp;&nbsp;9.949 %(c) | &nbsp;&nbsp;02/10/27 | 11596 | &nbsp;&nbsp; $6377792 |
| AP Gaming I LLC,<br> Term B Loan, 1 Month SOFR + 4.000% | &nbsp;&nbsp;8.755(c) | &nbsp;&nbsp;02/15/29 | &nbsp;&nbsp;4213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4208212 |
| Caesars Entertainment, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Incremental Term B-1 Loan, 1 Month SOFR + 2.250% | &nbsp;&nbsp;6.577(c) | &nbsp;&nbsp;02/06/31 | &nbsp;&nbsp;2846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2830832 |
| &nbsp;&nbsp;&nbsp;&nbsp;Term B Loan, 1 Month SOFR + 2.250% | &nbsp;&nbsp;6.577(c) | &nbsp;&nbsp;02/06/30 | &nbsp;&nbsp;6511 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6478205 |
| Cinemark USA, Inc.,<br> Term B Loan, 3 Month SOFR + 2.750% | &nbsp;&nbsp;7.070(c) | &nbsp;&nbsp;05/24/30 | &nbsp;&nbsp;6270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6269589 |
| Dk Crown Holdings, Inc.,<br> Term B Loan, 1 Month SOFR + 1.750% | &nbsp;&nbsp;6.079(c) | &nbsp;&nbsp;03/04/32 | &nbsp;&nbsp;2050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2038042 |
| Entain PLC (United Kingdom),<br> Facility B-3, 3 Month SOFR + 2.750% | &nbsp;&nbsp;7.053(c) | &nbsp;&nbsp;10/31/29 | &nbsp;&nbsp;7685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7707467 |
| Flutter Entertainment PLC (Ireland), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 Term B Loan, 3 Month SOFR + 1.750% | &nbsp;&nbsp;6.049(c) | &nbsp;&nbsp;11/30/30 | &nbsp;&nbsp;5382 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5346065 |
| &nbsp;&nbsp;&nbsp;&nbsp;Term B Loan^ | &nbsp;&nbsp;&nbsp;&nbsp;—(p) | &nbsp;&nbsp;05/22/32 | &nbsp;&nbsp;2125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2117031 |
| Hershend Entertainment Co LLC,<br> Term B Loan | &nbsp;&nbsp;&nbsp;&nbsp;—(p) | &nbsp;&nbsp;05/27/32 | &nbsp;&nbsp;2350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2352938 |
| Maverick Gaming LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;First Out Term Loan, 3 Month SOFR + 7.500%^ | 11.781(c) | &nbsp;&nbsp;06/03/28 | &nbsp;&nbsp;4173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3745074 |
| &nbsp;&nbsp;&nbsp;&nbsp;Second Out Term Loan^ | &nbsp;&nbsp;&nbsp;&nbsp;—(p) | &nbsp;&nbsp;06/05/28 | &nbsp;&nbsp;7574 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3635584 |
| PCI Gaming Authority,<br> 2024 Term B Loan, 1 Month SOFR + 2.000% | &nbsp;&nbsp;6.327(c) | &nbsp;&nbsp;07/18/31 | &nbsp;&nbsp;3110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3102603 |
| Six Flags Entertainment Corp.,<br> Initial Term B Loan, 1 Month SOFR + 2.000% | &nbsp;&nbsp;6.327(c) | &nbsp;&nbsp;05/01/31 | &nbsp;&nbsp;2530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2528983 |
| Voyager Parent LLC,<br> Term B Loan | &nbsp;&nbsp;&nbsp;&nbsp;—(p) | &nbsp;&nbsp;05/31/32 | 12375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12142969 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70881386 |
| **Environmental Control 2.2%** | **Environmental Control 2.2%** | **Environmental Control 2.2%** | **Environmental Control 2.2%** | **Environmental Control 2.2%** |
| Action Environmental Group, Inc. (The),<br> 2024 Term B Loan 4th Amendment, 3 Month SOFR + 3.750%^ | &nbsp;&nbsp;8.049(c) | &nbsp;&nbsp;10/24/30 | 10650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10650460 |
| GFL Environmental, Inc.,<br> Initial Term Loan, 3 Month SOFR + 2.500% | &nbsp;&nbsp;6.819(c) | &nbsp;&nbsp;03/03/32 | &nbsp;&nbsp;9450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9402750 |
| JFL-Tiger Acquisition Co., Inc.,<br> Initial Term Loan, 3 Month SOFR + 4.000% | &nbsp;&nbsp;8.303(c) | &nbsp;&nbsp;10/17/30 | &nbsp;&nbsp;6883 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6865827 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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)** |
| **Environmental Control (cont'd.)** | **Environmental Control (cont'd.)** | **Environmental Control (cont'd.)** | **Environmental Control (cont'd.)** | **Environmental Control (cont'd.)** |
| Madison Iaq LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 Incremental Term Loan, 3 Month SOFR + 3.250% | 7.510 %(c) | &nbsp;&nbsp;05/06/32 | 7850 | &nbsp;&nbsp; $7847198 |
| &nbsp;&nbsp;&nbsp;&nbsp;Initial Term Loan, 6 Month SOFR + 2.500% | 6.762(c) | &nbsp;&nbsp;06/21/28 | 1969 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1965695 |
| Mip V Waste Holdings LLC,<br> Tranche B-1 Term Loan, 3 Month SOFR + 3.000%^ | 7.280(c) | &nbsp;&nbsp;12/08/28 | 1298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1303154 |
| Reworld Holding Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 Refinancing Term B-1 Loan, 1 Month SOFR + 2.250% | 6.575(c) | &nbsp;&nbsp;11/30/28 | 2232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2229516 |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 Refinancing Term C-1 Loan, 1 Month SOFR + 2.250% | 6.575(c) | &nbsp;&nbsp;11/30/28 | &nbsp;&nbsp;&nbsp;172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171716 |
| &nbsp;&nbsp;&nbsp;&nbsp;Incremental Term B Loan, 1 Month SOFR + 2.500% | 6.842(c) | &nbsp;&nbsp;11/30/28 | 4159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4164020 |
| &nbsp;&nbsp;&nbsp;&nbsp;Incremental Term C Loan, 1 Month SOFR + 2.500% | 6.842(c) | &nbsp;&nbsp;11/30/28 | &nbsp;&nbsp;&nbsp;229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229450 |
| Tidal Waste & Recycling Holdings LLC,<br> Term B Loan, 3 Month SOFR + 3.500% | 7.799(c) | &nbsp;&nbsp;10/24/31 | 3700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3709250 |
| WIN Waste Innovations Holdings, Inc.,<br> New Term B-1 Loan, 1 Month SOFR + 3.864% | 8.191(c) | &nbsp;&nbsp;03/24/28 | 3975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3965063 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52504099 |
| **Food Service 0.3%** | **Food Service 0.3%** | **Food Service 0.3%** | **Food Service 0.3%** | **Food Service 0.3%** |
| Gategroup Finance (Switzerland),<br> Term B Loan | &nbsp;&nbsp;—(p) | &nbsp;&nbsp;06/30/32 | 6225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6199478 |
| **Foods 0.5%** | **Foods 0.5%** | **Foods 0.5%** | **Foods 0.5%** | **Foods 0.5%** |
| BCPE North Star US Holdco, Inc.,<br> First Lien Initial Term Loan, 1 Month SOFR + 4.114% | 8.441(c) | &nbsp;&nbsp;06/09/28 | 5310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5205641 |
| Froneri International Ltd.,<br> Facility B-4, 6 Month SOFR + 2.000% | 6.237(c) | &nbsp;&nbsp;09/30/31 | 6150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6133665 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11339306 |
| **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% | 8.583(c) | &nbsp;&nbsp;11/04/31 | 2793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2703973 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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)** |
| **Hand/Machine Tools 0.4%** | **Hand/Machine Tools 0.4%** | **Hand/Machine Tools 0.4%** | **Hand/Machine Tools 0.4%** | **Hand/Machine Tools 0.4%** |
| Alliance Laundry Systems LLC,<br> Initial Term B Loan, 1 Month SOFR + 2.750% | &nbsp;&nbsp;7.077 %(c) | &nbsp;&nbsp;08/19/31 | 6750 | &nbsp;&nbsp; $6749062 |
| Madison Safety & Flow LLC,<br> 2025 Incremental Term B, 1 Month SOFR + 2.750% | &nbsp;&nbsp;7.077(c) | &nbsp;&nbsp;09/26/31 | 3459 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3460688 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10209750 |
| **Healthcare & Pharmaceuticals 0.1%** | **Healthcare & Pharmaceuticals 0.1%** | **Healthcare & Pharmaceuticals 0.1%** | **Healthcare & Pharmaceuticals 0.1%** | **Healthcare & Pharmaceuticals 0.1%** |
| Loire Finco Luxembourg Sarl (Luxembourg),<br> Term B Loan | &nbsp;&nbsp;&nbsp;&nbsp;—(p) | &nbsp;&nbsp;01/31/30 | 3200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3192000 |
| **Healthcare-Products 0.3%** | **Healthcare-Products 0.3%** | **Healthcare-Products 0.3%** | **Healthcare-Products 0.3%** | **Healthcare-Products 0.3%** |
| Medline Borrower LP,<br> Dollar Incremental Term Loan, 1 Month SOFR + 2.250% | &nbsp;&nbsp;6.577(c) | &nbsp;&nbsp;10/23/28 | 5963 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5954708 |
| **Healthcare-Services 2.8%** | **Healthcare-Services 2.8%** | **Healthcare-Services 2.8%** | **Healthcare-Services 2.8%** | **Healthcare-Services 2.8%** |
| Accelerated Health Systems LLC,<br> Initial Term B Loan, 3 Month SOFR + 4.400% | &nbsp;&nbsp;8.699(c) | &nbsp;&nbsp;02/15/29 | 8738 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5301159 |
| Charlotte Buyer, Inc.,<br> Second Refinancing Term Loan, 1 Month SOFR + 4.250% | &nbsp;&nbsp;8.583(c) | &nbsp;&nbsp;02/11/28 | 4891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4885509 |
| Electron Bidco, Inc.,<br> Initial Term Loan, 1 Month SOFR + 2.750% | &nbsp;&nbsp;7.077(c) | &nbsp;&nbsp;11/01/28 | 4700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4704409 |
| Envision Healthcare Operating, Inc.,<br> Initial Term Loan, 1 Month SOFR + 8.250% | 12.575(c) | &nbsp;&nbsp;12/30/27 | 4550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4558531 |
| LifePoint Health, Inc.,<br> Term B Loan, 3 Month SOFR + 3.750% | &nbsp;&nbsp;8.006(c) | &nbsp;&nbsp;05/16/31 | 8777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8653917 |
| Phoenix Guarantor, Inc.,<br> Tranche B-5 Term Loan, 1 Month SOFR + 2.500% | &nbsp;&nbsp;6.827(c) | &nbsp;&nbsp;02/21/31 | 9859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9860662 |
| Sound Inpatient Physicians Holdings LLC,<br> Tranche B Term Loan, 3 Month SOFR + 5.262% | &nbsp;&nbsp;9.561(c) | &nbsp;&nbsp;06/28/28 | 6323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5975466 |
| Sound Inpatient Physicians, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Tranche A Term Loan, 3 Month SOFR + 6.762% | 11.061(c) | &nbsp;&nbsp;06/28/28 | 3424 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3560750 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tranche C Term Loan, 3 Month SOFR + 7.012% | 11.311(c) | &nbsp;&nbsp;06/28/29 | 7049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5497911 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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)** |
| **Healthcare-Services (cont'd.)** | **Healthcare-Services (cont'd.)** | **Healthcare-Services (cont'd.)** | **Healthcare-Services (cont'd.)** | **Healthcare-Services (cont'd.)** |
| Upstream Newco, Inc.,<br> August 2021 Incremental Term Loan, 3 Month SOFR + 4.512% | 8.791 %(c) | &nbsp;&nbsp;11/20/26 | 16588 | &nbsp;&nbsp; $12607028 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65605342 |
| **Holding Companies-Diversified 0.8%** | **Holding Companies-Diversified 0.8%** | **Holding Companies-Diversified 0.8%** | **Holding Companies-Diversified 0.8%** | **Holding Companies-Diversified 0.8%** |
| Clue OpCo LLC,<br> Term B Loan, 3 Month SOFR + 4.500% | 8.780(c) | &nbsp;&nbsp;12/19/30 | 18104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17747438 |
| **Home Builders 0.1%** | **Home Builders 0.1%** | **Home Builders 0.1%** | **Home Builders 0.1%** | **Home Builders 0.1%** |
| Lippert Components, Inc.,<br> Initial Term Loan, 1 Month SOFR + 2.500%^ | 6.827(c) | &nbsp;&nbsp;03/25/32 | &nbsp;&nbsp;2825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2793219 |
| **Home Furnishings 0.4%** | **Home Furnishings 0.4%** | **Home Furnishings 0.4%** | **Home Furnishings 0.4%** | **Home Furnishings 0.4%** |
| TGP Holdings III LLC,<br> First Lien Closing Date Term Loan, 1 Month SOFR + 3.350% | 7.677(c) | &nbsp;&nbsp;06/29/28 | 11565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10182966 |
| **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%** |
| Kronos Acquisition Holdings, Inc. (Canada),<br> 2024 Initial Loan, 3 Month SOFR + 4.000% | 8.299(c) | &nbsp;&nbsp;07/08/31 | &nbsp;&nbsp;6604 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5615917 |
| **Housewares 0.3%** | **Housewares 0.3%** | **Housewares 0.3%** | **Housewares 0.3%** | **Housewares 0.3%** |
| Hunter Douglas Holding BV (Netherlands),<br> Tranche B-1 Term Loan, 3 Month SOFR + 3.250% | 7.549(c) | &nbsp;&nbsp;01/17/32 | &nbsp;&nbsp;5611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5512746 |
| SWF Holdings I Corp.,<br> Tranche A-1 Term Loan, 1 Month SOFR + 4.500% | 8.827(c) | &nbsp;&nbsp;12/18/29 | &nbsp;&nbsp;1564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1556464 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7069210 |
| **Insurance 2.6%** | **Insurance 2.6%** | **Insurance 2.6%** | **Insurance 2.6%** | **Insurance 2.6%** |
| Acrisure LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 Repricing Term B-6 Loan, 1 Month SOFR + 3.000% | 7.327(c) | &nbsp;&nbsp;11/06/30 | 12399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12306440 |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 Term B-1 Loan, 1 Month SOFR + 2.750% | 7.077(c) | &nbsp;&nbsp;02/13/27 | &nbsp;&nbsp;1990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1985867 |
| AmWINS Group, Inc.,<br> Initial Term Loan, 1 Month SOFR + 2.250% | 6.577(c) | &nbsp;&nbsp;01/30/32 | &nbsp;&nbsp;7000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6991188 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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)** |
| **Insurance (cont'd.)** | **Insurance (cont'd.)** | **Insurance (cont'd.)** | **Insurance (cont'd.)** | **Insurance (cont'd.)** |
| Assured Partners, Inc.,<br> 2024 Term Loan, 1 Month SOFR + 3.500% | &nbsp;&nbsp;7.827 %(c) | &nbsp;&nbsp;02/14/31 | &nbsp;&nbsp;4200 | &nbsp;&nbsp; $4204532 |
| Asurion LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;New B-04 Term Loan, 1 Month SOFR + 5.364% | &nbsp;&nbsp;9.691(c) | &nbsp;&nbsp;01/20/29 | &nbsp;&nbsp;7660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7243416 |
| &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;2187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2184700 |
| &nbsp;&nbsp;&nbsp;&nbsp;New B-10 Term Loan, 1 Month SOFR + 4.100% | &nbsp;&nbsp;8.427(c) | &nbsp;&nbsp;08/19/28 | 10777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10718280 |
| &nbsp;&nbsp;&nbsp;&nbsp;New B-11 Term Loan, 1 Month SOFR + 4.350% | &nbsp;&nbsp;8.677(c) | &nbsp;&nbsp;08/21/28 | &nbsp;&nbsp;1078 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1074227 |
| Broadstreet Partners, Inc.,<br> 2024 Term B Loan, 1 Month SOFR + 3.000% | &nbsp;&nbsp;7.327(c) | &nbsp;&nbsp;06/13/31 | &nbsp;&nbsp;4793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4795087 |
| HIG Finance 2 Ltd. (United Kingdom),<br> 2024-2 Refinancing Term Loan | &nbsp;&nbsp;&nbsp;&nbsp;—(p) | &nbsp;&nbsp;04/18/30 | &nbsp;&nbsp;&nbsp;&nbsp;650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;651422 |
| IMA Financial Group, Inc.,<br> Term Loan | &nbsp;&nbsp;&nbsp;&nbsp;—(p) | &nbsp;&nbsp;11/01/28 | &nbsp;&nbsp;1150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1148563 |
| Sedgwick Claims Management Services, Inc.,<br> 2024 Term Loan, 1 Month SOFR + 3.000% | &nbsp;&nbsp;7.327(c) | &nbsp;&nbsp;07/31/31 | &nbsp;&nbsp;8483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8492043 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61795765 |
| **Internet 0.7%** | **Internet 0.7%** | **Internet 0.7%** | **Internet 0.7%** | **Internet 0.7%** |
| Denali Intermediate Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Term Loan^ | &nbsp;&nbsp;&nbsp;&nbsp;—(p) | &nbsp;&nbsp;05/31/32 | &nbsp;&nbsp;6787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6718891 |
| &nbsp;&nbsp;&nbsp;&nbsp;Term Loan^ | &nbsp;&nbsp;&nbsp;&nbsp;—(p) | &nbsp;&nbsp;05/31/32 | &nbsp;&nbsp;&nbsp;&nbsp;679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;671889 |
| Diamond Sports Net LLC,<br> First Lien Exit Term Loan | 15.000 | &nbsp;&nbsp;01/02/28 | &nbsp;&nbsp;1619 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1453400 |
| MH Sub I LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 May New Term Loan, 1 Month SOFR + 4.250% | &nbsp;&nbsp;8.577(c) | &nbsp;&nbsp;05/03/28 | &nbsp;&nbsp;5001 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4796857 |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 December New Term Loan, 1 Month SOFR + 4.250% | &nbsp;&nbsp;8.577(c) | &nbsp;&nbsp;12/31/31 | &nbsp;&nbsp;4235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3823000 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17464037 |
| **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) | &nbsp;&nbsp;10/31/29 | &nbsp;&nbsp;2167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3007840 |
| WEC US Holdings Ltd.,<br> Initial Term Loan, 1 Month SOFR + 2.250% | &nbsp;&nbsp;6.574(c) | &nbsp;&nbsp;01/27/31 | &nbsp;&nbsp;2040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2035131 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5042971 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **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)** |
| **Leisure Time 1.4%** | **Leisure Time 1.4%** | **Leisure Time 1.4%** | **Leisure Time 1.4%** | **Leisure Time 1.4%** | **Leisure Time 1.4%** |
| Alterra Mountain Co.,<br> Series B-7 Term Loan, 1 Month SOFR + 3.000%^ | &nbsp;&nbsp;7.327 %(c) | &nbsp;&nbsp;05/31/30 |  | 1070 | &nbsp;&nbsp; $1069632 |
| Arcis Golf LLC,<br> Amendment No. 3 Term Loan, 1 Month SOFR + 2.750% | &nbsp;&nbsp;7.077(c) | &nbsp;&nbsp;11/24/28 |  | 1899 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1890838 |
| Bombardier Recreational Products, Inc. (Canada),<br> 2023 Replacement Term Loan, 1 Month SOFR + 2.750% | &nbsp;&nbsp;7.077(c) | &nbsp;&nbsp;12/13/29 |  | 1660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1654493 |
| Fender Musical Instruments Corp.,<br> Initial Term Loan, 1 Month SOFR + 4.100% | &nbsp;&nbsp;8.427(c) | &nbsp;&nbsp;12/01/28 |  | 5662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4997096 |
| 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 | 8325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9245193 |
| LC Ahab US Bidco LLC,<br> Initial Term Loan, 1 Month SOFR + 3.000% | &nbsp;&nbsp;7.327(c) | &nbsp;&nbsp;05/01/31 |  | 7049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6908311 |
| Life Time, Inc.,<br> 2024 New Term Loan, 3 Month SOFR + 2.500% | &nbsp;&nbsp;6.785(c) | &nbsp;&nbsp;11/05/31 |  | 4165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4160223 |
| Recess Holdings, Inc.,<br> Amendment No. 5 Term Loan, 3 Month SOFR + 3.750% | &nbsp;&nbsp;8.047(c) | &nbsp;&nbsp;02/20/30 |  | 3465 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3460475 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33386261 |
| **Lodging 0.4%** | **Lodging 0.4%** | **Lodging 0.4%** | **Lodging 0.4%** | **Lodging 0.4%** | **Lodging 0.4%** |
| Fertitta Entertainment LLC,<br> Initial Term B Loan, 1 Month SOFR + 3.500% | &nbsp;&nbsp;7.827(c) | &nbsp;&nbsp;01/27/29 |  | 4079 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4051441 |
| Travel Leisure Co.,<br> Term B Loan, 1 Month SOFR + 2.500% | &nbsp;&nbsp;6.827(c) | &nbsp;&nbsp;12/14/29 |  | 5269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5246508 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9297949 |
| **Machinery-Diversified 1.8%** | **Machinery-Diversified 1.8%** | **Machinery-Diversified 1.8%** | **Machinery-Diversified 1.8%** | **Machinery-Diversified 1.8%** | **Machinery-Diversified 1.8%** |
| Chart Industries, Inc.,<br> 2024 Term B Loan, 3 Month SOFR + 2.500% | &nbsp;&nbsp;6.788(c) | &nbsp;&nbsp;03/15/30 |  | 6389 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6389413 |
| Doosan Bobcat North America, Inc. (South Korea),<br> Tranche B Term Loan, 3 Month SOFR + 2.000% | &nbsp;&nbsp;6.299(c) | &nbsp;&nbsp;04/20/29 |  | 1817 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1817774 |
| Graftech Global Enterprises, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Delayed Draw Term Loan | &nbsp;&nbsp;3.750 | &nbsp;&nbsp;12/21/29 |  | 3909 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3889343 |
| &nbsp;&nbsp;&nbsp;&nbsp;Initial Term Loan, 3 Month SOFR + 6.000% | 10.303(c) | &nbsp;&nbsp;12/21/29 |  | 6841 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6806350 |
| Hyster-Yale Group, Inc.,<br> Term B Loan Facility, 1 Month SOFR + 3.614% | &nbsp;&nbsp;7.941(c) | &nbsp;&nbsp;05/26/28 |  | 4330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4300191 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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)** |
| **Machinery-Diversified (cont'd.)** | **Machinery-Diversified (cont'd.)** | **Machinery-Diversified (cont'd.)** | **Machinery-Diversified (cont'd.)** | **Machinery-Diversified (cont'd.)** |
| TK Elevator Midco Gmbh (Germany),<br> (USD) Term B Loan, 3 Month SOFR + 3.000% | &nbsp;&nbsp;7.237 %(c) | &nbsp;&nbsp;04/30/30 | 13354 | &nbsp;&nbsp; $13372589 |
| Victory Buyer LLC,<br> Initial Term Loan, 1 Month SOFR + 3.864% | &nbsp;&nbsp;8.186(c) | &nbsp;&nbsp;11/19/28 | &nbsp;&nbsp;5647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5540896 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42116556 |
| **Media 1.5%** | **Media 1.5%** | **Media 1.5%** | **Media 1.5%** | **Media 1.5%** |
| CSC Holdings LLC,<br> 2022 Refinancing Term Loan, 1 Month SOFR + 4.500% | &nbsp;&nbsp;8.829(c) | &nbsp;&nbsp;01/18/28 | &nbsp;&nbsp;8996 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8827269 |
| Radiate Holdco LLC,<br> Amendment No. 6 Term Loan, 1 Month SOFR + 3.364% | &nbsp;&nbsp;7.691(c) | &nbsp;&nbsp;09/25/26 | &nbsp;&nbsp;7829 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6866218 |
| Sinclair Television Group, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Term B-6 Loan, 1 Month SOFR + 3.414% | &nbsp;&nbsp;7.741(c) | &nbsp;&nbsp;12/31/29 | &nbsp;&nbsp;&nbsp;&nbsp;280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Term B-7 Loan, 1 Month SOFR + 4.200% | &nbsp;&nbsp;8.527(c) | &nbsp;&nbsp;12/31/30 | &nbsp;&nbsp;4630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3935229 |
| Univision Communications, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 Incremental First Lien Term Loan, 3 Month SOFR + 4.250%^ | &nbsp;&nbsp;8.549(c) | &nbsp;&nbsp;06/24/29 | &nbsp;&nbsp;3112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3049760 |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 Replacement First Lien Term Loan, 1 Month SOFR + 3.614% | &nbsp;&nbsp;7.941(c) | &nbsp;&nbsp;01/31/29 | &nbsp;&nbsp;1780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1724647 |
| &nbsp;&nbsp;&nbsp;&nbsp;Initial First Lien Term Loan, 1 Month SOFR + 3.364%^ | &nbsp;&nbsp;7.691(c) | &nbsp;&nbsp;01/31/29 | &nbsp;&nbsp;5317 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5131153 |
| Virgin Media Bristol LLC,<br> Facility Y, 6 Month SOFR + 3.275% | &nbsp;&nbsp;7.373(c) | &nbsp;&nbsp;03/31/31 | &nbsp;&nbsp;5895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5794296 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35566572 |
| **Metal Fabricate/Hardware 1.1%** | **Metal Fabricate/Hardware 1.1%** | **Metal Fabricate/Hardware 1.1%** | **Metal Fabricate/Hardware 1.1%** | **Metal Fabricate/Hardware 1.1%** |
| Crosby US Acquisition Corp.,<br> Amendment No. 4 Replacement Term Loan, 1 Month SOFR + 3.500% | &nbsp;&nbsp;7.827(c) | &nbsp;&nbsp;08/16/29 | &nbsp;&nbsp;5826 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5831674 |
| 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1185000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Initial Term Loan, 3 Month SOFR + 6.500%^ | 10.799(c) | &nbsp;&nbsp;04/23/30 | &nbsp;&nbsp;7494 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7400621 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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 (cont'd.)** | **Metal Fabricate/Hardware (cont'd.)** | **Metal Fabricate/Hardware (cont'd.)** | **Metal Fabricate/Hardware (cont'd.)** | **Metal Fabricate/Hardware (cont'd.)** |
| Grinding Media, Inc.,<br> 2024 Term B Loan, 3 Month SOFR + 3.500%^ | &nbsp;&nbsp;7.830 %(c) | &nbsp;&nbsp;10/12/28 | 7282 | &nbsp;&nbsp; $7026870 |
| Trulite Glass & Aluminum Solutions LLC,<br> Initial Term Loan, 3 Month SOFR + 6.000%^ | 10.288(c) | &nbsp;&nbsp;03/01/30 | 4002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3821716 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25265881 |
| **Mining 0.5%** | **Mining 0.5%** | **Mining 0.5%** | **Mining 0.5%** | **Mining 0.5%** |
| Arsenal Aic Parent LLC,<br> 2025 Term B Loan, 1 Month SOFR + 2.750% | &nbsp;&nbsp;7.077(c) | &nbsp;&nbsp;08/18/30 | 6181 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6146613 |
| Covia Holdings Corp.,<br> Initial Term Loan, PRIME + 2.250% | &nbsp;&nbsp;9.750(c) | &nbsp;&nbsp;02/26/32 | 5250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5236875 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11383488 |
| **Miscellaneous Manufacturing 0.2%** | **Miscellaneous Manufacturing 0.2%** | **Miscellaneous Manufacturing 0.2%** | **Miscellaneous Manufacturing 0.2%** | **Miscellaneous Manufacturing 0.2%** |
| AMG Advanced Metallurgical Group NV (Netherlands),<br> 2021 Term Loan, 1 Month SOFR + 3.614% | &nbsp;&nbsp;7.941(c) | &nbsp;&nbsp;11/30/28 | 4701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4595625 |
| **Oil & Gas 0.4%** | **Oil & Gas 0.4%** | **Oil & Gas 0.4%** | **Oil & Gas 0.4%** | **Oil & Gas 0.4%** |
| Apro LLC,<br> Initial Term Loan, 3 Month SOFR + 3.750% | &nbsp;&nbsp;8.049(c) | &nbsp;&nbsp;07/09/31 | 4538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4515089 |
| Hilcorp Energy I LP,<br> Term B Loan, 1 Month SOFR + 2.000% | &nbsp;&nbsp;6.333(c) | &nbsp;&nbsp;02/11/30 | 1870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1862987 |
| Pasadena Performance Products LLC,<br> Term B Loan, 3 Month SOFR + 3.500% | &nbsp;&nbsp;7.752(c) | &nbsp;&nbsp;02/27/32 | 1725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1721766 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8099842 |
| **Oil & Gas Services 0.1%** | **Oil & Gas Services 0.1%** | **Oil & Gas Services 0.1%** | **Oil & Gas Services 0.1%** | **Oil & Gas Services 0.1%** |
| MRC Global (US), Inc.,<br> Term Loan, 1 Month SOFR + 3.500%^ | &nbsp;&nbsp;7.828(c) | &nbsp;&nbsp;10/29/31 | 2356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2344220 |
| **Packaging & Containers 1.6%** | **Packaging & Containers 1.6%** | **Packaging & Containers 1.6%** | **Packaging & Containers 1.6%** | **Packaging & Containers 1.6%** |
| Closure Systems International Group,<br> Amendment No. 5 Term Loan, 1 Month SOFR + 3.500% | &nbsp;&nbsp;7.827(c) | &nbsp;&nbsp;03/22/29 | 2956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2955710 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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)** |
| **Packaging & Containers (cont'd.)** | **Packaging & Containers (cont'd.)** | **Packaging & Containers (cont'd.)** | **Packaging & Containers (cont'd.)** | **Packaging & Containers (cont'd.)** |
| Clydesdale Acquisition Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 Incremental Closing Date Term B Loan, 3 Month SOFR + 3.250% | 7.548 %(c) | &nbsp;&nbsp;04/01/32 | &nbsp;&nbsp;7224 | &nbsp;&nbsp; $7163516 |
| &nbsp;&nbsp;&nbsp;&nbsp;Delayed Draw Term Loan, 3 Month SOFR + 3.250% | 7.480(c) | &nbsp;&nbsp;04/01/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3757 |
| &nbsp;&nbsp;&nbsp;&nbsp;Term B Loan, 1 Month SOFR + 3.175% | 7.502(c) | &nbsp;&nbsp;04/13/29 | &nbsp;&nbsp;5139 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5114932 |
| Plaze, Inc.,<br> Initial Term Loan, 1 Month SOFR + 3.614% | 7.941(c) | &nbsp;&nbsp;08/03/26 | &nbsp;&nbsp;7153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6902253 |
| Pregis Topco LLC,<br> Amendment No. 10 Refinancing Term Loan, 1 Month SOFR + 4.000% | 8.327(c) | &nbsp;&nbsp;02/01/29 | &nbsp;&nbsp;4351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4352942 |
| Secure Acquisition, Inc.,<br> Closing Date Term Loan, 3 Month SOFR + 3.750% | 8.049(c) | &nbsp;&nbsp;12/15/28 | &nbsp;&nbsp;5601 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5593925 |
| Trident TPI Holdings, Inc.,<br> Tranche B-7 Term Loan, 3 Month SOFR + 3.750% | 8.049(c) | &nbsp;&nbsp;09/15/28 | &nbsp;&nbsp;6393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6177604 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38264639 |
| **Pharmaceuticals 0.9%** | **Pharmaceuticals 0.9%** | **Pharmaceuticals 0.9%** | **Pharmaceuticals 0.9%** | **Pharmaceuticals 0.9%** |
| Gainwell Acquisition Corp.,<br> Term B Loan, 3 Month SOFR + 4.100% | 8.399(c) | &nbsp;&nbsp;10/01/27 | 12413 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11864554 |
| IVC Acquisition Ltd (Canada),<br> Incremental Term B-12 Loan, 3 Month SOFR + 3.750% | 8.049(c) | &nbsp;&nbsp;12/12/28 | &nbsp;&nbsp;6085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6109989 |
| Sharp Services LLC,<br> Tranche D Term Loan, 3 Month SOFR + 3.250% | 7.549(c) | &nbsp;&nbsp;12/31/28 | &nbsp;&nbsp;3710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3707756 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21682299 |
| **Pipelines 0.6%** | **Pipelines 0.6%** | **Pipelines 0.6%** | **Pipelines 0.6%** | **Pipelines 0.6%** |
| AL NGPL Holdings LLC,<br> Term Loan, 3 Month SOFR + 2.500% | 6.785(c) | &nbsp;&nbsp;04/13/28 | &nbsp;&nbsp;1347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1344380 |
| BCP Renaissance Parent LLC,<br> Initial Term B-6 Loan, 3 Month SOFR + 3.000% | 7.299(c) | &nbsp;&nbsp;10/31/28 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250543 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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)** |
| **Pipelines (cont'd.)** | **Pipelines (cont'd.)** | **Pipelines (cont'd.)** | **Pipelines (cont'd.)** | **Pipelines (cont'd.)** |
| CPPIB OVM Member US LLC,<br> Initial Term Loan, 3 Month SOFR + 2.750% | 7.049 %(c) | &nbsp;&nbsp;08/20/31 | &nbsp;&nbsp;5527 | &nbsp;&nbsp; $5490578 |
| Rockpoint Gas Storage Partners LP (Canada),<br> Term B Loan, 3 Month SOFR + 3.000% | 7.299(c) | &nbsp;&nbsp;09/18/31 | &nbsp;&nbsp;6297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6294754 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13380255 |
| **Private Equity 0.2%** | **Private Equity 0.2%** | **Private Equity 0.2%** | **Private Equity 0.2%** | **Private Equity 0.2%** |
| HarbourVest Partners LP,<br> New Term B Loan, 3 Month SOFR + 2.250%^ | 6.549(c) | &nbsp;&nbsp;04/18/30 | &nbsp;&nbsp;4597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4585436 |
| **Real Estate 0.2%** | **Real Estate 0.2%** | **Real Estate 0.2%** | **Real Estate 0.2%** | **Real Estate 0.2%** |
| Greystar Real Estate Partners LLC,<br> Term B-2 Loan, 1 Month SOFR + 2.750%^ | 7.079(c) | &nbsp;&nbsp;08/21/30 | &nbsp;&nbsp;5130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5129823 |
| **Real Estate Investment Trusts (REITs) 1.9%** | **Real Estate Investment Trusts (REITs) 1.9%** | **Real Estate Investment Trusts (REITs) 1.9%** | **Real Estate Investment Trusts (REITs) 1.9%** | **Real Estate Investment Trusts (REITs) 1.9%** |
| Blackstone Mortgage Trust, Inc.,<br> Term B-4 Loan, 1 Month SOFR + 3.500% | 7.827(c) | &nbsp;&nbsp;05/09/29 | 11568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11596694 |
| Brookfield Properties Retail Holding LLC,<br> Term B Loan^ | &nbsp;&nbsp;—(p) | &nbsp;&nbsp;05/28/30 | 25119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24898768 |
| Starwood Property Mortgage LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Facility B-4, 1 Month SOFR + 2.250%^ | 6.577(c) | &nbsp;&nbsp;01/02/30 | &nbsp;&nbsp;6047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6032304 |
| &nbsp;&nbsp;&nbsp;&nbsp;Term B Loan, 1 Month SOFR + 2.250%^ | 6.577(c) | &nbsp;&nbsp;11/18/27 | &nbsp;&nbsp;1574 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1578325 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44106091 |
| **Retail 2.6%** | **Retail 2.6%** | **Retail 2.6%** | **Retail 2.6%** | **Retail 2.6%** |
| 1011778 BC Unlimited Liability Co. (Canada),<br> Term B-6 Loan, 1 Month SOFR + 1.750% | 6.077(c) | &nbsp;&nbsp;09/20/30 | &nbsp;&nbsp;4119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4096073 |
| Dave & Buster's, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 Incremental Term B Loan, 3 Month SOFR + 3.283% | 7.563(c) | &nbsp;&nbsp;11/01/31 | &nbsp;&nbsp;5672 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5351298 |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 Refinancing Term B Loan, 3 Month SOFR + 3.250% | 7.563(c) | &nbsp;&nbsp;06/29/29 | &nbsp;&nbsp;2880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2733219 |
| Foundation Building Materials, Inc.,<br> 2025 Incremental Term Loan, 2 Month SOFR + 5.250% | 9.548(c) | &nbsp;&nbsp;01/29/31 | &nbsp;&nbsp;3725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3506156 |
| Great Outdoors Group LLC,<br> Term B-3 Loan, 1 Month SOFR + 3.250% | 7.577(c) | &nbsp;&nbsp;01/23/32 | &nbsp;&nbsp;9017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8915439 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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)** |
| **Retail (cont'd.)** | **Retail (cont'd.)** | **Retail (cont'd.)** | **Retail (cont'd.)** | **Retail (cont'd.)** |
| Harbor Freight Tools USA, Inc.,<br> Initial Term Loan, 1 Month SOFR + 2.250% | &nbsp;&nbsp;6.577 %(c) | &nbsp;&nbsp;06/11/31 | &nbsp;&nbsp;8588 | &nbsp;&nbsp; $8279532 |
| Johnstone Supply LLC,<br> Term B Loan, 1 Month SOFR + 2.500% | &nbsp;&nbsp;6.823(c) | &nbsp;&nbsp;06/09/31 | &nbsp;&nbsp;4956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4943858 |
| LBM Acquisition LLC,<br> Incremental Term B Loan, 1 Month SOFR + 3.850% | &nbsp;&nbsp;8.175(c) | &nbsp;&nbsp;06/06/31 | &nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2233750 |
| Park River Holdings, Inc.,<br> Intial Term Loan, 3 Month SOFR + 3.250% | &nbsp;&nbsp;7.799(c) | &nbsp;&nbsp;12/28/27 | &nbsp;&nbsp;5625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5400271 |
| Peer Holding III BV (Netherlands), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Term B-4 Loan, 3 Month SOFR + 2.500% | &nbsp;&nbsp;6.799(c) | &nbsp;&nbsp;10/26/30 | &nbsp;&nbsp;1646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1649272 |
| &nbsp;&nbsp;&nbsp;&nbsp;Term B-5 Loan, 3 Month SOFR + 2.500% | &nbsp;&nbsp;6.799(c) | &nbsp;&nbsp;07/01/31 | &nbsp;&nbsp;5960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5969372 |
| Petco Health & Wellness Co., Inc.,<br> First Lien Initial Term Loan, 3 Month SOFR + 3.512% | &nbsp;&nbsp;7.811(c) | &nbsp;&nbsp;03/03/28 | &nbsp;&nbsp;4285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3962115 |
| QXO Building Products, Inc.,<br> Term B Loan, 2 Month SOFR + 3.000% | &nbsp;&nbsp;7.280(c) | &nbsp;&nbsp;04/30/32 | &nbsp;&nbsp;&nbsp;&nbsp;822 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;825091 |
| Rough Country LLC,<br> First Lien Initial Term Loan, 1 Month SOFR + 3.614% | &nbsp;&nbsp;7.941(c) | &nbsp;&nbsp;07/28/28 | &nbsp;&nbsp;1769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1724168 |
| White Cap Buyer LLC,<br> Tranche C Term Loan, 1 Month SOFR + 3.250% | &nbsp;&nbsp;7.577(c) | &nbsp;&nbsp;10/19/29 | &nbsp;&nbsp;2145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2121361 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61710975 |
| **Semiconductors 0.3%** | **Semiconductors 0.3%** | **Semiconductors 0.3%** | **Semiconductors 0.3%** | **Semiconductors 0.3%** |
| Altar Bidco, Inc.,<br> Initial Term Loan, 3 Month SOFR + 3.100% | &nbsp;&nbsp;7.247(c) | &nbsp;&nbsp;02/01/29 | &nbsp;&nbsp;2400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2369251 |
| Natel Engineering Co., Inc.,<br> Initial Term Loan, 1 Month SOFR + 6.364% | 10.691(c) | &nbsp;&nbsp;04/30/26 | &nbsp;&nbsp;6267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5640164 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8009415 |
| **Shipbuilding 0.1%** | **Shipbuilding 0.1%** | **Shipbuilding 0.1%** | **Shipbuilding 0.1%** | **Shipbuilding 0.1%** |
| LSF11 Trinity Bidco, Inc.,<br> Term B Loan, 1 Month SOFR + 3.000%^ | &nbsp;&nbsp;7.323(c) | &nbsp;&nbsp;06/14/30 | &nbsp;&nbsp;1739 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1734275 |
| **Software 3.9%** | **Software 3.9%** | **Software 3.9%** | **Software 3.9%** | **Software 3.9%** |
| AthenaHealth Group, Inc.,<br> Initial Term Loan, 1 Month SOFR + 3.000% | &nbsp;&nbsp;7.327(c) | &nbsp;&nbsp;02/15/29 | 14659 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14581781 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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)** |
| **Software (cont'd.)** | **Software (cont'd.)** | **Software (cont'd.)** | **Software (cont'd.)** | **Software (cont'd.)** |
| BMC Software, Inc.,<br> 2031 Replacement Dollar Term Loan, 3 Month SOFR + 3.000% | &nbsp;&nbsp;7.333 %(c) | &nbsp;&nbsp;07/30/31 | 5557 | &nbsp;&nbsp; $5513724 |
| Camelot US Acquisition LLC,<br> Term B-1 Loan, 1 Month SOFR + 2.750%^ | &nbsp;&nbsp;7.077(c) | &nbsp;&nbsp;01/31/31 | 3138 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3134435 |
| Clearwater Analytics LLC,<br> Initial Term Loan, 3 Month SOFR + 2.250%^ | &nbsp;&nbsp;6.519(c) | &nbsp;&nbsp;04/21/32 | 2725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2711375 |
| Cloudera, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Second Lien Term Loan, 1 Month SOFR + 6.100% | 10.427(c) | &nbsp;&nbsp;10/08/29 | 3320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3118725 |
| &nbsp;&nbsp;&nbsp;&nbsp;Term Loan, 1 Month SOFR + 3.850% | &nbsp;&nbsp;8.177(c) | &nbsp;&nbsp;10/08/28 | 5261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5234719 |
| Cotiviti, Inc.,<br> Initial Floating Rate Term Loan, 1 Month SOFR + 2.750% | &nbsp;&nbsp;7.074(c) | &nbsp;&nbsp;05/01/31 | 6287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6255226 |
| Dun & Bradstreet Corp. (The),<br> Incremental Term B-2, 1 Month SOFR + 2.250% | &nbsp;&nbsp;6.575(c) | &nbsp;&nbsp;01/18/29 | 5198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5194901 |
| Evertec Group LLC (Puerto Rico),<br> Term B Loan, 1 Month SOFR + 2.750%^ | &nbsp;&nbsp;7.077(c) | &nbsp;&nbsp;10/30/30 | 2705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2715144 |
| Genesys Cloud Services Holdings II LLC,<br> 2025 Dollar Term Loan, 1 Month SOFR + 2.500% | &nbsp;&nbsp;6.827(c) | &nbsp;&nbsp;01/30/32 | 8803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8767726 |
| Genuine Financial Holdings LLC,<br> 2025 Replacement Term Loan, 1 Month SOFR + 3.250% | &nbsp;&nbsp;7.577(c) | &nbsp;&nbsp;09/27/30 | 4690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4584355 |
| Inmar, Inc.,<br> Initial Term Loan, 3 Month SOFR + 5.000% | &nbsp;&nbsp;9.320(c) | &nbsp;&nbsp;10/30/31 | 5978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5993313 |
| Quartz AcquireCo LLC,<br> Term B-2 Loan, 3 Month SOFR + 2.250% | &nbsp;&nbsp;6.549(c) | &nbsp;&nbsp;06/28/30 | 1771 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1772719 |
| Red Planet Borrower LLC,<br> First Lien Initial Term Loan, 1 Month SOFR + 3.850% | &nbsp;&nbsp;8.177(c) | &nbsp;&nbsp;10/02/28 | 5406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5360157 |
| Renaissance Holding Corp.,<br> 2024-2 Term Loan, 3 Month SOFR + 4.000% | &nbsp;&nbsp;8.280(c) | &nbsp;&nbsp;04/05/30 | 3582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3292587 |
| Skillsoft Finance II, Inc.,<br> Initial Term Loan, 1 Month SOFR + 5.364% | &nbsp;&nbsp;9.693(c) | &nbsp;&nbsp;07/14/28 | 3464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3039353 |
| Weld North Education LLC,<br> 2024 Term Loan, 1 Month SOFR + 3.500% | &nbsp;&nbsp;7.827(c) | &nbsp;&nbsp;12/21/29 | 3935 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3883108 |
| Zelis Cost Management Buyer, Inc.,<br> Term B-2 Loan, 1 Month SOFR + 2.750% | &nbsp;&nbsp;7.077(c) | &nbsp;&nbsp;09/28/29 | 7027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6963779 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92117127 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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 2.4%** | **Telecommunications 2.4%** | **Telecommunications 2.4%** | **Telecommunications 2.4%** | **Telecommunications 2.4%** |
| Aventiv Technologies, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Bridge Loan, 3 Month SOFR + 10.000% | 14.564 %(c) | &nbsp;&nbsp;12/31/25(d) | &nbsp;&nbsp;&nbsp;&nbsp;352 | &nbsp;&nbsp; $362250 |
| &nbsp;&nbsp;&nbsp;&nbsp;Second Lien Term Loan, 3 Month SOFR + 9.312% | 13.611(c) | &nbsp;&nbsp;03/25/26(d) | &nbsp;&nbsp;&nbsp;&nbsp;114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;854 |
| &nbsp;&nbsp;&nbsp;&nbsp;Second-Out Term Loan, 3 Month SOFR + 7.500% | 12.061(c) | &nbsp;&nbsp;07/31/25(d) | &nbsp;&nbsp;&nbsp;&nbsp;262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;249880 |
| Connect Finco Sarl (United Kingdom),<br> Amendment No. 4 Term Loan, 1 Month SOFR + 4.500% | &nbsp;&nbsp;8.827(c) | &nbsp;&nbsp;09/27/29 | &nbsp;&nbsp;&nbsp;&nbsp;965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;879180 |
| Crown Subsea Communications Holding, Inc.,<br> 2024 Term Loan, 1 Month SOFR + 4.000% | &nbsp;&nbsp;8.324(c) | &nbsp;&nbsp;01/30/31 | &nbsp;&nbsp;7615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7640782 |
| GTT Communications, Inc.,<br> Term Loan | &nbsp;&nbsp;&nbsp;&nbsp;—(p) | &nbsp;&nbsp;07/15/31 | &nbsp;&nbsp;1432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1132774 |
| Iridium Satellite LLC,<br> Term B-4 Loan, 1 Month SOFR + 2.250% | &nbsp;&nbsp;6.577(c) | &nbsp;&nbsp;09/20/30 | &nbsp;&nbsp;2923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2913657 |
| 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;5575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5604269 |
| Lumen Technologies, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Term B-1 Loan, 1 Month SOFR + 2.350% | &nbsp;&nbsp;6.786(c) | &nbsp;&nbsp;04/15/29 | &nbsp;&nbsp;5039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4986730 |
| &nbsp;&nbsp;&nbsp;&nbsp;Term B-2 Loan, 1 Month SOFR + 2.464% | &nbsp;&nbsp;6.791(c) | &nbsp;&nbsp;04/15/30 | &nbsp;&nbsp;8480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8388606 |
| 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;70 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174 |
| &nbsp;&nbsp;&nbsp;&nbsp;Initial Term Loan^ | 14.940 | &nbsp;&nbsp;10/18/27(d) | 10885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10884 |
| &nbsp;&nbsp;&nbsp;&nbsp;Initial Term Loan (Second Out (First Lien Roll-Up))^ | 15.200 | &nbsp;&nbsp;10/18/27(d) | 19121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47804 |
| Patagonia Holdco LLC,<br> Initial Term Loan, 3 Month SOFR + 5.750% | 10.048(c) | &nbsp;&nbsp;08/01/29 | &nbsp;&nbsp;9979 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8550778 |
| Qualitytech LP,<br> Term Loan, 1 Month SOFR + 3.500%^ | &nbsp;&nbsp;7.832(c) | &nbsp;&nbsp;10/30/31 | &nbsp;&nbsp;8400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8337000 |
| Windstream Services LLC,<br> 2024 Term Loan, 1 Month SOFR + 4.850%^ | &nbsp;&nbsp;9.177(c) | &nbsp;&nbsp;10/01/31 | &nbsp;&nbsp;1550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1553875 |
| 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;&nbsp;&nbsp;795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;760772 |
| &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;2746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2135241 |
| Zayo Group Holdings, Inc.,<br> Initial Dollar Term Loan, 1 Month SOFR + 3.114% | &nbsp;&nbsp;7.441(c) | &nbsp;&nbsp;03/09/27 | &nbsp;&nbsp;1840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1751220 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55306730 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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)** |
| **Transportation 0.6%** | **Transportation 0.6%** | **Transportation 0.6%** | **Transportation 0.6%** | **Transportation 0.6%** |
| First Student Bidco, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Term B Loan, 3 Month SOFR + 2.500% | 6.799 %(c) | &nbsp;&nbsp;07/21/28 | 4286 | &nbsp;&nbsp; $4284753 |
| &nbsp;&nbsp;&nbsp;&nbsp;Term C Loan, 3 Month SOFR + 2.500% | 6.799(c) | &nbsp;&nbsp;07/21/28 | 1310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1310045 |
| Genesee & Wyoming, Inc.,<br> Initial Term B Loan, 3 Month SOFR + 1.750% | 6.049(c) | &nbsp;&nbsp;04/10/31 | 1720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1709467 |
| Kenan Advantage Group, Inc. (The),<br> Term B-4 Loan, 1 Month SOFR + 3.250% | 7.577(c) | &nbsp;&nbsp;01/25/29 | 2732 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2692407 |
| Savage Enterprises LLC,<br> Refinancing Term Loan, 1 Month SOFR + 2.750% | 7.079(c) | &nbsp;&nbsp;09/15/28 | 4079 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4084875 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14081547 |
| **Total Floating Rate and Other Loans<br> (cost $1,543,440,692)** | **Total Floating Rate and Other Loans<br> (cost $1,543,440,692)** | **Total Floating Rate and Other Loans<br> (cost $1,543,440,692)** | **Total Floating Rate and Other Loans<br> (cost $1,543,440,692)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1476924365 |
| **Residential Mortgage-Backed Securities 0.9%** | **Residential Mortgage-Backed Securities 0.9%** | **Residential Mortgage-Backed Securities 0.9%** | **Residential Mortgage-Backed Securities 0.9%** | **Residential Mortgage-Backed Securities 0.9%** |
| PMT Credit Risk Transfer Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-01R, Class A, 144A, 30 Day Average SOFR + 3.500% (Cap N/A, Floor 0.000%) | 7.822(c) | &nbsp;&nbsp;05/25/33 | 4490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4576631 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-02R, Class A, 144A, 30 Day Average SOFR + 3.350% (Cap N/A, Floor 0.000%) | 7.664(c) | &nbsp;&nbsp;03/29/27 | 8174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8316626 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-03R, Class A, 144A, 30 Day Average SOFR + 3.100% (Cap N/A, Floor 0.000%) | 7.414(c) | &nbsp;&nbsp;09/27/28 | 7362 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7334148 |
| **Total Residential Mortgage-Backed Securities<br> (cost $20,025,373)** | **Total Residential Mortgage-Backed Securities<br> (cost $20,025,373)** | **Total Residential Mortgage-Backed Securities<br> (cost $20,025,373)** | **Total Residential Mortgage-Backed Securities<br> (cost $20,025,373)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20227405 |
| **U.S. Treasury Obligations 0.7%** | **U.S. Treasury Obligations 0.7%** | **U.S. Treasury Obligations 0.7%** | **U.S. Treasury Obligations 0.7%** | **U.S. Treasury Obligations 0.7%** |
| U.S. Treasury Bonds(h)(k) | 4.625 | &nbsp;&nbsp;11/15/44 | 9405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9036148 |
| U.S. Treasury Notes(k) | 3.500 | &nbsp;&nbsp;09/30/26 | 4050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4021998 |
| U.S. Treasury Notes(k) | 4.125 | &nbsp;&nbsp;01/31/27 | &nbsp;&nbsp;&nbsp;425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;426029 |
| U.S. Treasury Notes(k) | 4.250 | &nbsp;&nbsp;11/30/26 | &nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;602086 |
| U.S. Treasury Notes(k) | 4.250 | &nbsp;&nbsp;12/31/26 | 2600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2609953 |
| **Total U.S. Treasury Obligations<br> (cost $17,283,684)** | **Total U.S. Treasury Obligations<br> (cost $17,283,684)** | **Total U.S. Treasury Obligations<br> (cost $17,283,684)** | **Total U.S. Treasury Obligations<br> (cost $17,283,684)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16696214 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | |
|:---|:---|:---|
| **Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| **Affiliated Exchange-Traded Fund 0.3%** | **Affiliated Exchange-Traded Fund 0.3%** | **Affiliated Exchange-Traded Fund 0.3%** |
| PGIM Active High Yield Bond ETF<br> (cost $7,848,095)(wa) | &nbsp;&nbsp;&nbsp;&nbsp;225000 | &nbsp;&nbsp; $7868250 |
| **Common Stocks 1.1%** | **Common Stocks 1.1%** | **Common Stocks 1.1%** |
| **Chemicals 0.1%** | **Chemicals 0.1%** | **Chemicals 0.1%** |
| Venator Materials PLC\*^(x) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2109800 |
| **Diversified Telecommunication Services 0.0%** | **Diversified Telecommunication Services 0.0%** | **Diversified Telecommunication Services 0.0%** |
| Stonepeak Falcon Holdings, Inc. (Canada), CVR\*^ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 |
| **Gas Utilities 0.1%** | **Gas Utilities 0.1%** | **Gas Utilities 0.1%** |
| Ferrellgas Partners LP (Class B Stock)\*(x) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2656910 |
| **Health Care Providers & Services 0.0%** | **Health Care Providers & Services 0.0%** | **Health Care Providers & Services 0.0%** |
| Sound Physicians Holdings LLC (Class A Stock)\*^ | 10144042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1014 |
| Sound Physicians Holdings LLC (Class A2 Stock)\*^ | &nbsp;&nbsp;&nbsp;&nbsp;454115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;449574 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;450588 |
| **Interactive Media & Services 0.1%** | **Interactive Media & Services 0.1%** | **Interactive Media & Services 0.1%** |
| Diamond Sports Group LLC\* | &nbsp;&nbsp;&nbsp;&nbsp;244231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3470034 |
| **IT Services 0.0%** | **IT Services 0.0%** | **IT Services 0.0%** |
| ConvergeOne Holdings, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;200211 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;800844 |
| **Oil, Gas & Consumable Fuels 0.6%** | **Oil, Gas & Consumable Fuels 0.6%** | **Oil, Gas & Consumable Fuels 0.6%** |
| Expand Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2646487 |
| Heritage Power LLC\*(x) | &nbsp;&nbsp;&nbsp;&nbsp;182367 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10349327 |
| Heritage Power LLC\*(x) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;455192 |
| Heritage Power LLC\*^(x) | &nbsp;&nbsp;&nbsp;&nbsp;209883 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104942 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13555948 |
| **Software 0.0%** | **Software 0.0%** | **Software 0.0%** |
| Campfire Topco Ltd. (Jersey)\*^ | &nbsp;&nbsp;4988976 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;566 |
| **Wireless Telecommunication Services 0.2%** | **Wireless Telecommunication Services 0.2%** | **Wireless Telecommunication Services 0.2%** |
| Digicel International Finance Ltd. (Jamaica)\* | &nbsp;&nbsp;&nbsp;&nbsp;275213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1926491 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | |
|:---|:---|:---|
| **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.)** |
| Intelsat Emergence SA (Luxembourg)\* | &nbsp;&nbsp;28359 | &nbsp;&nbsp; $1174247 |
| Stonepeak Falcon Holdings, Inc. (Canada)\* | 172298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;407601 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3508339 |
| **Total Common Stocks<br> (cost $18,217,358)** | **Total Common Stocks<br> (cost $18,217,358)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26553030 |
| **Preferred Stocks 0.3%** | **Preferred Stocks 0.3%** | **Preferred Stocks 0.3%** |
| **Capital Markets 0.3%** | **Capital Markets 0.3%** | **Capital Markets 0.3%** |
| Carlyle Credit Income Fund, 8.750%, Maturing 10/31/28 | &nbsp;&nbsp;64513 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1648307 |
| Eagle Point Credit Co., Inc., 7.750%, Maturing 06/30/30 | &nbsp;&nbsp;92278 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2288495 |
| OFS Credit Co., Inc., 7.875%, Maturing 10/31/29 | &nbsp;&nbsp;&nbsp;&nbsp;5063 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126119 |
| Oxford Lane Capital Corp., 7.950%, Maturing 02/29/32 | 103359 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2552967 |
| Sound Point Meridian Capital, Inc., 8.000%, Maturing 11/30/29 | &nbsp;&nbsp;29530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;735002 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7350890 |
| **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;&nbsp;&nbsp;488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;488000 |
| **Wireless Telecommunication Services 0.0%** | **Wireless Telecommunication Services 0.0%** | **Wireless Telecommunication Services 0.0%** |
| Digicel International Finance Ltd. (Jamaica)\*^ | &nbsp;&nbsp;17997 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209651 |
| **Total Preferred Stocks<br> (cost $7,882,551)** | **Total Preferred Stocks<br> (cost $7,882,551)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8048541 |

---

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**Units** |  |
| **Warrants\* 0.0%** | **Warrants\* 0.0%** | **Warrants\* 0.0%** |
| **Entertainment 0.0%** | **Entertainment 0.0%** | **Entertainment 0.0%** |
| Procera II LP & New Procera GP, expiring 12/31/79^ | 156835 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | |
|:---|:---|:---|
| **Description** | &nbsp;&nbsp;**Units** | &nbsp;&nbsp;**Value** |
| **Warrants\* (Continued)** | **Warrants\* (Continued)** | **Warrants\* (Continued)** |
| **Interactive Media & Services 0.0%** | **Interactive Media & Services 0.0%** | **Interactive Media & Services 0.0%** |
| Diamond Sports Group LLC, expiring 06/30/26 | 456793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $119999 |
| **Total Warrants<br> (cost $16)** | **Total Warrants<br> (cost $16)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120015 |
| **Total Long-Term Investments<br> (cost $2,377,928,904)** | **Total Long-Term Investments<br> (cost $2,377,928,904)** | &nbsp;&nbsp;&nbsp;&nbsp;2317906023 |

---

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**Shares** |  |
| **Short-Term Investments 3.2%** | **Short-Term Investments 3.2%** | **Short-Term Investments 3.2%** |
| **Affiliated Mutual Funds** |  |  |
| PGIM Core Government Money Market Fund (7-day effective yield 4.462%)(wa) | &nbsp;&nbsp;47952918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47952918 |
| PGIM Institutional Money Market Fund (7-day effective yield 4.496%)<br> (cost $27,167,779; includes $27,101,645 of cash collateral for securities on loan)(b)(wa) | &nbsp;&nbsp;27188267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27166516 |
| **Total Short-Term Investments<br> (cost $75,120,697)** | **Total Short-Term Investments<br> (cost $75,120,697)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75119434 |
| **TOTAL INVESTMENTS 102.0%<br> (cost $2,453,049,601)** | **TOTAL INVESTMENTS 102.0%<br> (cost $2,453,049,601)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2393025457 |
| Liabilities in excess of other assets(z) (2.0)% | Liabilities in excess of other assets(z) (2.0)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(47055677) |
| **Net Assets 100.0%** | **Net Assets 100.0%** | $2345969780 |

---

------

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. |
| BNP—BNP Paribas S.A. |
| BNY—Bank of New York Mellon |
| CDX—Credit Derivative Index |
| CLO—Collateralized Loan Obligation |
| CVR—Contingent Value Rights |
| DAC—Designated Activity Company |
| ETF—Exchange-Traded Fund |
| EURIBOR—Euro Interbank Offered Rate |
| iBoxx—Bond Market Indices |
| LIBOR—London Interbank Offered Rate |
| LP—Limited Partnership |

---

------

### PGIM Floating Rate Income Fund

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

---

| |
|:---|
| MSI—Morgan Stanley & Co International PLC |
| N/A—Not Applicable |
| NAB—National Australia Bank Ltd. |
| OTC—Over-the-counter |
| PIK—Payment-in-Kind |
| Q—Quarterly payment frequency for swaps |
| REITs—Real Estate Investment Trust |
| SCB—Standard Chartered Bank |
| SOFR—Secured Overnight Financing Rate |
| SONIA—Sterling Overnight Index Average |
| T—Swap payment upon termination |

---

---

| | |
|:---|:---|
| \* | Non-income producing security. |
| # | Principal or notional amount is shown in U.S. dollars unless otherwise stated. |
| ^ | Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $207,555,775 and 8.8% 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 $26,508,395; cash collateral of $27,101,645 (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. |
| (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. |
| (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** |
| 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; $492880 | &nbsp;&nbsp;&nbsp;&nbsp; $488000 | 0.0% |
| Ferrellgas Partners LP (Class B Stock)\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07/26/24 | &nbsp;&nbsp;&nbsp;&nbsp;4274677 | &nbsp;&nbsp;&nbsp;&nbsp;2656910 | 0.1 |
| Heritage Power LLC\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11/21/23 | &nbsp;&nbsp;&nbsp;&nbsp;1888644 | &nbsp;&nbsp;&nbsp;10349327 | 0.5 |
| 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;455192 | 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;104942 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104942 | 0.0 |
| Venator Materials PLC\*^ | 05/15/23-10/19/23 | &nbsp;&nbsp;&nbsp;&nbsp;7130913 | &nbsp;&nbsp;&nbsp;&nbsp;2109800 | 0.1 |
| &nbsp;&nbsp;&nbsp;**Total** |  | $13892056 | $16164171 | 0.7% |

---

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

------

### PGIM Floating Rate Income Fund

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

#### 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 $279,527)^ | 284 | $279527 | $— | $— |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Borrower** | **Principal<br> Amount<br> (000)#** | **Current<br> Value** | **Unrealized<br> Appreciation** | **Unrealized<br> Depreciation** |
| Arcis Golf LLC, Amendment No 4 Incremental Ddtl, 2.750%, Maturity Date 11/24/28 (cost $545,806) | &nbsp;&nbsp;&nbsp; 551 | &nbsp;&nbsp; $549530 | $3724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— |
| Clydesdale Acquisition Holdings, Inc., Delayed Draw Term Loan, 1.000%, Maturity Date 04/01/32 (cost $122,500) | &nbsp;&nbsp;&nbsp; 123 | &nbsp;&nbsp;&nbsp;&nbsp;121479 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(1021) |
| Doncasters US Finance LLC, 2025 Delayed Draw Term Loan, —%(p), Maturity Date 04/01/30 (cost $1,800,000)^ | 1800 | &nbsp;&nbsp;&nbsp;1809000 | &nbsp;&nbsp;&nbsp;&nbsp;9000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Grant Thornton Advisors LLC, 2025 Incremental Ddtl Commitment, 1.000%, Maturity Date 06/02/31 (cost $230,978) | &nbsp;&nbsp;&nbsp; 231 | &nbsp;&nbsp;&nbsp;&nbsp;229823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(1155) |
| Jupiter Buyer, Inc., Initial Ddtl, —%(p), Maturity Date 11/01/31 (cost $537,976) | &nbsp;&nbsp;&nbsp; 541 | &nbsp;&nbsp;&nbsp;&nbsp;541193 | &nbsp;&nbsp;&nbsp;&nbsp;3217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| SWF Holdings I Corp., Delayed Draw Term Loan, 2.250%, Maturity Date 12/19/29 (cost $2,085,714) | 2086 | &nbsp;&nbsp;&nbsp;2075285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;(10429) |
|  |  | $5326310 | $15941 | $(12605) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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 Position:** | **Long Position:** | **Long Position:** | **Long Position:** | **Long Position:** |
| 14 | 30 Year U.S. Ultra Treasury Bonds | Sep. 2025 | &nbsp;&nbsp;&nbsp; $1624875 | &nbsp;&nbsp;&nbsp;&nbsp; $25000 |
| **Short Positions:** | **Short Positions:** | **Short Positions:** | **Short Positions:** | **Short Positions:** |
| 408 | 2 Year U.S. Treasury Notes | Sep. 2025 | &nbsp;&nbsp;&nbsp;&nbsp;84634500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(94904) |
| 8 | 5 Year Euro-Bobl | Jun. 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1082220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2088) |
| 5 | 5 Year Euro-Bobl | Sep. 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;670654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(828) |
| 1437 | 5 Year U.S. Treasury Notes | Sep. 2025 | &nbsp;&nbsp;&nbsp;155465438 | &nbsp;&nbsp;&nbsp;&nbsp;(629734) |
| 7 | 10 Year Euro-Bund | Jun. 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1042877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9134 |

---

------

### PGIM Floating Rate Income Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Futures contracts outstanding at May 31, 2025 (continued):** | **Futures contracts outstanding at May 31, 2025 (continued):** | **Futures contracts outstanding at May 31, 2025 (continued):** | **Futures contracts outstanding at May 31, 2025 (continued):** | **Futures contracts outstanding at May 31, 2025 (continued):** |
| **Number<br> of<br> Contracts** | **Type** | **Expiration<br> Date** | **Current<br> Notional<br> Amount** | **Value /<br> Unrealized<br> Appreciation<br> (Depreciation)** |
| **Short Positions (cont'd):** | **Short Positions (cont'd):** | **Short Positions (cont'd):** | **Short Positions (cont'd):** | **Short Positions (cont'd):** |
| 287 | 10 Year U.S. Treasury Notes | Sep. 2025 | $31785250 | &nbsp;&nbsp; $(220034) |
| 65 | 20 Year U.S. Treasury Bonds | Sep. 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7330781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(95053) |
|  |  |  |  | &nbsp;&nbsp;&nbsp;(1033507) |
|  |  |  |  | $(1008507) |

---

#### 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 | MSI | GBP | 11375 | $15355609 | $15326269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | $(29340) |
| &nbsp;&nbsp;Expiring 06/03/25 | MSI | GBP | &nbsp;&nbsp;&nbsp;1548 | &nbsp;&nbsp;&nbsp;&nbsp;2079826 | &nbsp;&nbsp;&nbsp;&nbsp;2085191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Euro, | Euro, | Euro, | Euro, | Euro, | Euro, | Euro, | Euro, |
| &nbsp;&nbsp;Expiring 06/03/25 | BNY | EUR | 32310 | &nbsp;&nbsp;&nbsp;36571697 | &nbsp;&nbsp;&nbsp;36695055 | &nbsp;&nbsp;&nbsp;123358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 06/03/25 | BNY | EUR | &nbsp;&nbsp;&nbsp;2841 | &nbsp;&nbsp;&nbsp;&nbsp;3225393 | &nbsp;&nbsp;&nbsp;&nbsp;3226845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  |  |  |  | $57232525 | $57333360 | &nbsp;&nbsp;&nbsp;130175 | &nbsp;&nbsp;&nbsp;(29340) |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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 | SCB | GBP | 12923 | $17207909 | $17411460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | $(203551) |
| &nbsp;&nbsp;Expiring 07/02/25 | MSI | GBP | 11375 | &nbsp;&nbsp;&nbsp;&nbsp;15357727 | &nbsp;&nbsp;&nbsp;&nbsp;15328283 | &nbsp;&nbsp;&nbsp;&nbsp;29444 | &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 | 35151 | &nbsp;&nbsp;&nbsp;&nbsp;40065143 | &nbsp;&nbsp;&nbsp;&nbsp;39921900 | &nbsp;&nbsp;&nbsp;143243 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 07/02/25 | BNY | EUR | 32310 | &nbsp;&nbsp;&nbsp;&nbsp;36641228 | &nbsp;&nbsp;&nbsp;&nbsp;36762475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;(121247) |
| &nbsp;&nbsp;Expiring 07/02/25 | MSI | EUR | &nbsp;&nbsp;&nbsp;2360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2683992 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2685065 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1073) |
|  |  |  |  | $111955999 | $112109183 | &nbsp;&nbsp;&nbsp;172687 | &nbsp;&nbsp;&nbsp;(325871) |
|  |  |  |  |  |  | $302862 | $(355211) |

---

------

### PGIM Floating Rate Income Fund

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

#### Credit default swap agreements 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 Agreements on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2):** |
| CDX.NA.HY.44.V1 | 06/20/30 | 5.000%(Q) | &nbsp;&nbsp;&nbsp;37670 | 3.507% | $2141720 | $2706103 | &nbsp;&nbsp; $564383 |
| CDX.NA.IG.44.V1 | 06/20/30 | 1.000%(Q) | 487025 | 0.560% | &nbsp;&nbsp;&nbsp;&nbsp;9190011 | &nbsp;&nbsp;&nbsp;10762413 | &nbsp;&nbsp;&nbsp;1572402 |
|  |  |  |  |  | $11331731 | $13468516 | $2136785 |

---

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 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.

------

### PGIM Floating Rate Income Fund

### Schedule of Investments (unaudited) (continued)
as of 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:** | **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 Leveraged Loan Index(T) | &nbsp;&nbsp;1 Day SOFR(Q)/ 4.350% | &nbsp;&nbsp;MSI | &nbsp;&nbsp;06/20/25 | &nbsp;&nbsp;23950 | &nbsp;&nbsp; $214410 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $214410 |
| iBoxx US Dollar Liquid Leveraged Loan Index(T) | &nbsp;&nbsp;1 Day SOFR(Q)/ 4.350% | &nbsp;&nbsp;MSI | &nbsp;&nbsp;06/20/25 | &nbsp;&nbsp;23950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;681398 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;681398 |
| iBoxx US Dollar Liquid Leveraged Loan Index(T) | &nbsp;&nbsp;1 Day SOFR(Q)/ 4.350% | &nbsp;&nbsp;MSI | &nbsp;&nbsp;06/20/25 | &nbsp;&nbsp;30210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144101 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144101 |
| iBoxx US Dollar Liquid Leveraged Loan Index(T) | &nbsp;&nbsp;1 Day SOFR(Q)/ 4.350% | &nbsp;&nbsp;MSI | &nbsp;&nbsp;06/20/25 | &nbsp;&nbsp;47900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283966 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283966 |
| iBoxx US Dollar Liquid Leveraged Loan Index(T) | &nbsp;&nbsp;1 Day SOFR(Q)/ 4.350% | &nbsp;&nbsp;BNP | &nbsp;&nbsp;06/20/25 | &nbsp;&nbsp;64400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;591563 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;591563 |
|  |  |  |  |  | &nbsp;&nbsp;$1915438 | &nbsp;&nbsp;$— | &nbsp;&nbsp;$1915438 |

---

(1) On a long total return swap, the Fund receives payments for any positive return on the reference entity (makes payments 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. 14

- **b. Investment Company Act file number:** 811-03712

- **c. CIK number of Registrant:** 0000717819

- **d. LEI of Registrant:** 549300KUB7SBKYFHJS11

- **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 Floating Rate Income Fund

- **b. EDGAR series identifier (if any):** S000031692

- **c. LEI of Series:** FRMR3F8RNAI288BVGN56

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

- **a. Date of fiscal year-end:** 2026-02-28

- **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:** $2518139430.42

**Total Liabilities:** $178862528.82

**Net Assets:** $2339276901.60

**Cash Not Reported:** $6142738.91

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 719.11894000 | **1-Year:** 25667.90131000 | **5-Year:** 269313.87730000 | **10-Year:** 18639.40638000 | **30-Year:** 0.00000000

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

- **3-Month:** 1279.18376000 | **1-Year:** 164649.45552000 | **5-Year:** 107213.89715000 | **10-Year:** 865.60340000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000098631 | -0.83%               | -0.66%               | 2.21%                |
| Class ID C000098632 | -0.89%               | -0.72%               | 2.04%                |
| Class ID C000098633 | -0.81%               | -0.64%               | 2.23%                |
| Class ID C000154996 | -0.91%               | -0.63%               | 2.24%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $233034.65               | $-31340735.43                              |
| Month 2  | $-2540398.21             | $-23039609.49                              |
| Month 3  | $844783.78               | $27677969.26                               |

**Designated Index Information**

- **Index Name:** PGIM Floating Rate Income Fund_Ex derivatives

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                                         | Title                                                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BNY Capital Markets, LLC                                                     | USD/EUR FORWARD                                                                 | CUSIP: 000000000<br>LEI: VJW2DOOHGDT6PR0ZRO63 | N/A              | DFE              | CORP              | US        |         1 | NC      | $124809.81    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| LLC BNY MELLON CAPITAL MARKETS, LLC                                          | EUR/USD FORWARD                                                                 | CUSIP: 000000000<br>LEI: VJW2DOOHGDT6PR0ZRO63 | N/A              | DFE              | CORP              | US        |         1 | NC      | $143242.99    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GATEGROUP US FINANCE INC                                                     | GATEGROUP US FINANCE INC                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6225000 | PA      | $6199477.50   | 0.27%             | 2032-05-28      | Floating      | 8.58%                 | No            |                  2 | On Loan: No      |
| OFSI Fund LTD                                                                | OFSI BSL XII Ltd                                                                | CUSIP: 67629HAG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10550000 | PA      | $10563927.06  | 0.45%             | 2038-01-20      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| DIGICEL GROUP HOLDINGS                                                       | Digicel Group Holdings Ltd                                                      | CUSIP: 25381HAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    149444 | PA      | $14.94        | 0.00%             | 2030-12-31      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                      | Goldman Sachs Group Inc/The                                                     | CUSIP: 38144GAB7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   9444000 | PA      | $9458515.69   | 0.40%             | N/A             | Fixed         | 7.56%                 | No            |                  2 | On Loan: No      |
| Fortress Intermediate 3 Inc.                                                 | FORTRESS INTERMEDIATE                                                           | CUSIP: 34966LAB0<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | LON              | CORP              | US        |   7164000 | PA      | $7092360.00   | 0.30%             | 2031-06-27      | Floating      | 7.58%                 | No            |                  3 | On Loan: No      |
| Arcosa, Inc.                                                                 | ARCOSA INC                                                                      | CUSIP: 03965EAF3<br>LEI: 549300WFHLTCZV7D6V29 | Long             | LON              | CORP              | US        |   1246875 | PA      | $1243757.81   | 0.05%             | 2031-08-12      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| IMA FINANCIAL GROUP                                                          | IMA FINANCIAL GROUP INC                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1150000 | PA      | $1147843.75   | 0.05%             | 2028-11-30      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| BrewCo Borrower LLC                                                          | BREWCO BORROWER LLC                                                             | CUSIP: 10756PAF6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1133656 | PA      | $1020290.45   | 0.04%             | 2028-04-05      | Variable      | 13.58%                | No            |                  3 | On Loan: No      |
| Hurricane Cleanco Limited                                                    | HURRICANE CLEANCO LIMITED                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   2167390 | PA      | $3007840.15   | 0.13%             | 2029-10-31      | Fixed         | 6.25%                 | No            |                  3 | On Loan: No      |
| ROYAL BANK OF CANADA                                                         | Royal Bank of Canada                                                            | CUSIP: 780082AR4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   9000000 | PA      | $9344082.60   | 0.40%             | 2084-05-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| INTERCONTINENTAL EXCHANGE, INC.                                              | CDS CDX.NA.IG.44.V1                                                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |         1 | NC      | $10775941.17  | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| OFS Credit Co Inc                                                            | OFS Credit Co Inc                                                               | CUSIP: 67111Q503<br>LEI: 549300A7A6U0QNX5FB55 | Long             | EP               | CORP              | US        |      3496 | NS      | $87085.36     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DS Parent Inc                                                                | DS PARENT INC                                                                   | CUSIP: 23344YAG7<br>LEI: 254900EH8GRZUGRWRH57 | Long             | LON              | CORP              | US        |   1315062 | PA      | $1139172.89   | 0.05%             | 2031-01-31      | Floating      | 9.80%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                                                 | CALPINE CORP                                                                    | CUSIP: 13134MBW2<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | LON              | CORP              | US        |  12345010 | PA      | $12328035.45  | 0.53%             | 2031-01-31      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| SWF HOLDINGS I CORP                                                          | SWF Holdings I Corp                                                             | CUSIP: 78500AAA6<br>LEI: 5493000CMZKPQ7BKPB20 | Long             | DBT              | CORP              | US        |   2550000 | PA      | $995046.39    | 0.04%             | 2029-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Jupiter Buyer Inc                                                            | ARCHKEY HOLDINGS INC                                                            | CUSIP: 48205CAD7<br>LEI: 254900FACU3AJQKAQ270 | Long             | LON              | CORP              | US        |    540517 | PA      | $541192.89    | 0.02%             | 2031-11-01      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Hershend Entertainment Co LLC                                                | HERSCHEND ENTERTAINMENT CO LLC                                                  | CUSIP: 42778EAG6<br>LEI: 54930087KQ7RPDXK0716 | Long             | LON              | CORP              | US        |   2350000 | PA      | $2352937.50   | 0.10%             | 2032-05-14      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Cloudera Inc                                                                 | Cloudera Inc                                                                    | CUSIP: 74339VAB4<br>LEI: 549300PGONC4JOI0RG62 | Long             | LON              | CORP              | US        |   5261024 | PA      | $5234718.87   | 0.22%             | 2028-10-08      | Floating      | 8.18%                 | Yes           |                  2 | On Loan: No      |
| Red SPV LLC                                                                  | RED SPV LLC                                                                     | CUSIP: 75701MAE5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5450000 | PA      | $5422750.00   | 0.23%             | 2032-03-15      | Floating      | 6.58%                 | No            |                  3 | On Loan: No      |
| HP PHRG Borrower LLC                                                         | PHRG INTERMEDIATE LLC                                                           | CUSIP: 40445XAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3950000 | PA      | $3742625.00   | 0.16%             | 2032-02-20      | Floating      | 8.33%                 | No            |                  2 | On Loan: No      |
| Heritage Power LLC                                                           | HERITAGE POWER LLC                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1356884 | PA      | $1336530.87   | 0.06%             | 2028-07-20      | Floating      | 9.80%                 | No            |                  3 | 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        |      -408 | NC      | $-94904.47    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Arcis Golf LLC                                                               | ARCIS GOLF LLC                                                                  | CUSIP: 03958MAF4<br>LEI: 254900ZMGXNNIX4SXQ48 | Long             | LON              | CORP              | US        |   1898750 | PA      | $1890837.91   | 0.08%             | 2028-11-24      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| HUNT COS INC                                                                 | Hunt Cos Inc                                                                    | CUSIP: 445587AE8<br>LEI: 549300ODPWDNCH5TKM49 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $995544.67    | 0.04%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| BROADSTREET PARTNERS INC                                                     | BROADSTREET PARTNERS INC                                                        | CUSIP: 11132VAY5<br>LEI: 549300BS9N54G8DD0R75 | Long             | LON              | CORP              | US        |   4793290 | PA      | $4795087.42   | 0.20%             | 2031-06-16      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| AIP RD Buyer Corp                                                            | RelaDyne Inc                                                                    | CUSIP: 00149HAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1918030 | PA      | $1918030.04   | 0.08%             | 2030-12-23      | Floating      | 8.33%                 | No            |                  2 | On Loan: No      |
| Lumen Technologies, Inc.                                                     | LUMEN TECHNOLOGIES INC                                                          | CUSIP: 55024EAG0<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | LON              | CORP              | US        |   8480475 | PA      | $8388606.29   | 0.36%             | 2030-04-15      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| Hayfin US XV, Ltd.                                                           | Hayfin US XV Ltd                                                                | CUSIP: 420916AG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  13500000 | PA      | $13616098.65  | 0.58%             | 2037-04-28      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| Atlas Static Senior Loan Fund                                                | Atlas Static Senior Loan Fund I Ltd                                             | CUSIP: 04942PAL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  14250000 | PA      | $14297369.85  | 0.61%             | 2030-07-15      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| CONVERGEONE HLDGS INC - Equity                                               | CONVERGEONE HLDGS INC - Equity                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    200211 | NS      | $800844.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| EMRLD Borrower LP                                                            | EMRLD BORROWER LP                                                               | CUSIP: 26872NAD1<br>LEI: 5493000GJYE7GAQCUC61 | Long             | LON              | CORP              | US        |   3134250 | PA      | $3117271.77   | 0.13%             | 2031-08-04      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| Madison Iaq LLC                                                              | MADISON IAQ LLC                                                                 | CUSIP: 55759VAB4<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |   1969388 | PA      | $1965695.16   | 0.08%             | 2028-06-21      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                                            | EURO-BOBL                                                                       | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |       -13 | NC      | $-3392.30     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| 1011778 BC Unlimited Liability Company                                       | 1011778 BC ULC                                                                  | CUSIP: 000000000<br>LEI: 549300RHSHNRWI5LLA86 | Long             | LON              | CORP              | CA        |   4118875 | PA      | $4096072.91   | 0.18%             | 2030-09-20      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| PMT CREDIT RISK TRANSFER TRUST                                               | PMT Credit Risk Transfer Trust 2024-3R                                          | CUSIP: 69392AAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7361928 | PA      | $7334148.04   | 0.31%             | 2028-09-27      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| Kronos Acquisition Holdings Inc                                              | KRONOS ACQUISITION HOLDINGS INC                                                 | CUSIP: 50106JAH9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6603722 | PA      | $5615917.07   | 0.24%             | 2031-07-08      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                         | Royal Bank of Canada                                                            | CUSIP: 780082AT0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   6500000 | PA      | $6110000.00   | 0.26%             | 2084-11-24      | Fixed         | 6.35%                 | No            |                  2 | On Loan: —       |
| WIN Waste Innovations Holdings Inc                                           | WIN WASTE INNOVATIONS HO                                                        | CUSIP: 38723BAL5<br>LEI: 549300DJBUN7Z75R2S83 | Long             | LON              | CORP              | US        |   3975000 | PA      | $3965062.50   | 0.17%             | 2028-03-24      | Floating      | 8.19%                 | No            |                  2 | On Loan: No      |
| Boost Newco Borrower LLC                                                     | BOOST NEWCO BORROWER LLC                                                        | CUSIP: 92943EAG1<br>LEI: 254900S8RE1OL7TTCU64 | Long             | LON              | CORP              | US        |  12235950 | PA      | $12232132.38  | 0.52%             | 2031-01-31      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| Closure Systems International Group (f/k/a Canister International Group Inc) | CLOSURE SYSTEMS INTERNAT                                                        | CUSIP: 13763HAF9<br>LEI: 549300E17L7BO8C0M603 | Long             | LON              | CORP              | US        |   2955710 | PA      | $2955709.68   | 0.13%             | 2029-03-13      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| AL NGPL HOLDINGS LLC                                                         | AL NGPL HOLDINGS LLC                                                            | CUSIP: 01021AAB6<br>LEI: 254900WKSN3ZUJ0TO315 | Long             | LON              | CORP              | US        |   1346625 | PA      | $1344380.18   | 0.06%             | 2028-04-17      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| Lightstone HoldCo LLC                                                        | Lightstone Holdco LLC                                                           | CUSIP: 53226GAL5<br>LEI: 549300VXK6UGDG7H3G98 | Long             | LON              | CORP              | US        |    400649 | PA      | $400147.73    | 0.02%             | 2027-01-29      | Floating      | 10.03%                | No            |                  2 | On Loan: No      |
| CQS US CLO Ltd                                                               | CQS US CLO 2021-1 Ltd                                                           | CUSIP: 12659UAN2<br>LEI: 549300GF7PVRIKZNMY06 | Long             | ABS-CBDO         | CORP              | KY        |  12400000 | PA      | $12422554.36  | 0.53%             | 2035-01-20      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                                              | CDS CDX.NA.HY.44.V1                                                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |         1 | NC      | $2711335.02   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Asurion LLC                                                                  | Asurion LLC                                                                     | CUSIP: 04649VBA7<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   7659924 | PA      | $7243415.76   | 0.31%             | 2029-01-20      | Floating      | 9.69%                 | No            |                  2 | On Loan: No      |
| Flint Group Packaging Inks North America Holdings LLC                        | FLINT GROUP TOPCO LTD                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | JE        |   6837865 | PA      | $695185.20    | 0.03%             | 2027-12-31      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| White Cap Buyer LLC                                                          | WHITE CAP BUYER LLC                                                             | CUSIP: 96350TAH3<br>LEI: 254900L2N0T6GULCL366 | Long             | LON              | CORP              | US        |   2145498 | PA      | $2121360.96   | 0.09%             | 2029-10-19      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| PG Polaris Bidco (Ursa Minor)                                                | PG POLARIS BIDCO SARL                                                           | CUSIP: 91728NAB5<br>LEI: 254900XMCCB3IEZ2A005 | Long             | LON              | CORP              | LU        |   2184525 | PA      | $2185890.33   | 0.09%             | 2031-03-26      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| SOUND INPATIENT PHYSICIANS INC- Class A                                      | SOUND INPATIENT PHYSICIANS INC- Class A                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |  10144042 | NS      | $1014.40      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| United Air Lines, Inc.                                                       | UNITED AIRLINES INC                                                             | CUSIP: 90932RAP9<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | LON              | CORP              | US        |   2957631 | PA      | $2958553.85   | 0.13%             | 2031-02-22      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| Paint Intermediate III LLC                                                   | PAINT INTERMEDIATE III                                                          | CUSIP: 69575EAL3<br>LEI: 549300C2JJM7BNZTR054 | Long             | LON              | CORP              | US        |   2250000 | PA      | $2246249.25   | 0.10%             | 2031-10-09      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD RESID PROPERT                                                     | Brookfield Residential Properties Inc / Brookfield Residential US LLC           | CUSIP: 11283YAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   4200000 | PA      | $3654000.00   | 0.16%             | 2030-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                                        | QUIKRETE HOLDINGS INC                                                           | CUSIP: 74839XAK5<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |   5356474 | PA      | $5349777.96   | 0.23%             | 2029-03-19      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| BCP VI Summit Holdings LP                                                    | NVENT THERMAL LLC                                                               | CUSIP: 05614GAC5<br>LEI: 254900LK60A9DK5W5N81 | Long             | LON              | CORP              | US        |    600000 | PA      | $602250.00    | 0.03%             | 2032-01-30      | Floating      | 7.83%                 | 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        |       -65 | NC      | $-95052.75    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Harbor Freight Tools USA Inc                                                 | HARBOR FREIGHT TOOLS USA INC                                                    | CUSIP: 41151PAR6<br>LEI: 549300Y48HLCFTTB4249 | Long             | LON              | CORP              | US        |   8587612 | PA      | $8279531.86   | 0.35%             | 2031-06-11      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Peer Holding III BV                                                          | PEER HOLDING III BV                                                             | CUSIP: 000000000<br>LEI: 7245002S0K5Q59JCVQ03 | Long             | LON              | CORP              | NL        |   5960062 | PA      | $5969372.12   | 0.26%             | 2031-07-01      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| Dechra Pharmaceuticals Holdings Limited (f/k/a Freya Bidco Limited)          | DECHRA FINANCE US                                                               | CUSIP: 24343EAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5676000 | PA      | $5633430.00   | 0.24%             | 2032-01-27      | Floating      | 7.51%                 | No            |                  2 | On Loan: No      |
| Olympus Water US Holding Corporation                                         | SOLENIS HOLDINGS LTD                                                            | CUSIP: 68163YAJ4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   9224223 | PA      | $9152163.07   | 0.39%             | 2031-06-20      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| Consolidated Energy Finance SA                                               | CONSOLIDATED ENERGY FIN SA                                                      | CUSIP: 000000000<br>LEI: 549300PUNIS0USNSL750 | Long             | LON              | CORP              | LU        |   4873489 | PA      | $4538436.31   | 0.19%             | 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        |   5454231 | PA      | $5210307.03   | 0.22%             | 2028-06-28      | Floating      | 9.13%                 | No            |                  2 | On Loan: No      |
| VT Topco Inc                                                                 | VT TOPCO INC                                                                    | CUSIP: 91838LAK6<br>LEI: 5493007T812R37X02Y38 | Long             | LON              | CORP              | US        |   2073855 | PA      | $2076447.20   | 0.09%             | 2030-08-09      | Floating      | 7.30%                 | 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   | 0.08%             | 2030-04-23      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| Plaze Inc                                                                    | Plaze Inc                                                                       | CUSIP: 72819QAM4<br>LEI: 54930069WJQSNERFIV02 | Long             | LON              | CORP              | US        |   7152594 | PA      | $6902252.90   | 0.30%             | 2026-08-03      | Floating      | 7.94%                 | No            |                  2 | On Loan: No      |
| Windsor Holdings III LLC                                                     | WINDSOR HOLDINGS III LLC                                                        | CUSIP: 97360BAH8<br>LEI: 254900IXUJZ9H146T437 | Long             | LON              | CORP              | US        |   8845282 | PA      | $8803814.88   | 0.38%             | 2030-08-01      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                     | TRS IBXXLLTR INDEX                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |         1 | NC      | $211529.25    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Voyager Parent, LLC                                                          | VOYAGERPARENTLLC                                                                | CUSIP: 000000000<br>LEI: 2549002DYVI4ACSV4V71 | Long             | LON              | CORP              | US        |  12375000 | PA      | $12142968.75  | 0.52%             | 2032-05-09      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Diamond Sports Net, LLC                                                      | DIAMOND SPORTS NET LLC                                                          | CUSIP: 25277EAB8<br>LEI: 549300MPO5H6LGX4RJ82 | Long             | LON              | CORP              | US        |   1619387 | PA      | $1453400.09   | 0.06%             | 2028-01-02      | Fixed         | 15.00%                | No            |                  2 | On Loan: No      |
| DENALI INTERMEDIATE HLDG INC                                                 | DENALI INTERMEDIATE HLDG INC                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6786758 | PA      | $6718890.90   | 0.29%             | 2032-05-31      | Floating      | 0.01%                 | No            |                  3 | On Loan: No      |
| Mountain View CLO Ltd                                                        | Mountain View CLO IX Ltd                                                        | CUSIP: 62432BAQ6<br>LEI: 549300URXZ1TS31FK720 | Long             | ABS-CBDO         | CORP              | KY        |   9250000 | PA      | $9297452.50   | 0.40%             | 2031-07-15      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| American Airlines Inc                                                        | AADVANTAGE LOYALTY IP LTD                                                       | CUSIP: 02376CBS3<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |   7935710 | PA      | $7844449.11   | 0.34%             | 2028-04-20      | Floating      | 6.52%                 | No            |                  2 | On Loan: No      |
| AthenaHealth Group Inc                                                       | ATHENAHEALTH GROUP INC                                                          | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |  14658740 | PA      | $14581781.16  | 0.62%             | 2029-02-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                                                  | Vistra Corp                                                                     | CUSIP: 92840MAB8<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |   5225000 | PA      | $5348875.88   | 0.23%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Peer Holding III BV                                                          | PEER HOLDING III BV                                                             | CUSIP: 000000000<br>LEI: 7245002S0K5Q59JCVQ03 | Long             | LON              | CORP              | NL        |   1645844 | PA      | $1649272.12   | 0.07%             | 2030-10-26      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| Clue Opco LLC                                                                | CLUE OPCO LLC                                                                   | CUSIP: 18948EAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  18103867 | PA      | $17747437.73  | 0.76%             | 2030-12-19      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                                          | Bank of Nova Scotia/The                                                         | CUSIP: 0641598X7<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |  31000000 | PA      | $31124523.90  | 1.33%             | 2085-04-27      | Fixed         | 7.35%                 | No            |                  2 | On Loan: —       |
| BNP PARIBAS                                                                  | TRS IBXXLLTR INDEX                                                              | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |         1 | NC      | $583817.47    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| DIGICEL INTL FIN LTD                                                         | DIGICEL INTL FIN LTD                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17997 | NS      | $209650.65    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| City Brewing Company LLC                                                     | CITY BREWING CO LLC                                                             | CUSIP: 10756PAD1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     90000 | PA      | $36000.00     | 0.00%             | 2028-04-05      | Floating      | 8.02%                 | No            |                  3 | On Loan: No      |
| Mcafee Corp                                                                  | MCAFEE CORP                                                                     | CUSIP: 57906HAF4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |   8406699 | PA      | $8057821.10   | 0.34%             | 2029-03-01      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                                                     | Sinclair Television Group Inc                                                   | CUSIP: 829259AW0<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    200000 | PA      | $188806.50    | 0.01%             | 2027-02-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Lsf11 Trinity Bidco, Inc.                                                    | LSF11 TRINITY BIDCO INC                                                         | CUSIP: 50221BAF0<br>LEI: 2549000M6VOEWVW5JU51 | Long             | LON              | CORP              | US        |   1738621 | PA      | $1734274.66   | 0.07%             | 2030-06-17      | Floating      | 7.32%                 | No            |                  3 | On Loan: No      |
| Starwood Property Mortgage LLC                                               | STARWOOD PROPERTY MORTGAGE LLC                                                  | CUSIP: 85570DAL6<br>LEI: 5493008SB15CNJRIOK13 | Long             | LON              | CORP              | US        |   6047423 | PA      | $6032303.99   | 0.26%             | 2030-01-02      | Floating      | 6.58%                 | No            |                  3 | On Loan: No      |
| Travel Leisure Co                                                            | TRAVEL + LEISURE CO                                                             | CUSIP: 98309GAF3<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | LON              | CORP              | US        |   5268901 | PA      | $5246507.87   | 0.22%             | 2029-12-14      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                                                  | Vistra Corp                                                                     | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |   7375000 | PA      | $7464208.26   | 0.32%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SOUND POINT MERIDIAN CAP                                                     | Sound Point Meridian Capital Inc                                                | CUSIP: 83617A207<br>LEI: 2138003DILFQKEPAD871 | Long             | EP               | CORP              | US        |     25418 | NS      | $632654.02    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD PPTY RET HLD                                                      | BROOKFIELD PROPERTIES RETAIL HOLDING LLC                                        | CUSIP: 000000000<br>LEI: 549300K1JD1LDRNBET48 | Long             | LON              | CORP              | US        |   5958034 | PA      | $5905900.91   | 0.25%             | 2030-05-16      | Floating      | 7.83%                 | No            |                  3 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC                                       | TRS IBXXLLTR INDEX                                                              | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $678517.55    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Tenneco Inc                                                                  | TENNECO INC                                                                     | CUSIP: 88037HAN4<br>LEI: 549300U0EXXFAQFAD785 | Long             | LON              | CORP              | US        |   8053814 | PA      | $7766897.13   | 0.33%             | 2028-11-17      | Floating      | 9.17%                 | No            |                  2 | On Loan: No      |
| CoreLogic Inc                                                                | CoreLogic Inc                                                                   | CUSIP: 21870FBA6<br>LEI: 54930086CD8K2UIL0516 | Long             | LON              | CORP              | US        |   8262709 | PA      | $8136190.54   | 0.35%             | 2028-06-02      | Floating      | 7.94%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                                                       | SCIH SALT HOLDINGS INC                                                          | CUSIP: 78397GAF8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5168725 | PA      | $5152112.72   | 0.22%             | 2029-01-31      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| GTT Communications Inc                                                       | GTTCOMMUNICATIONSINC                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1431626 | PA      | $1132774.33   | 0.05%             | 2031-07-15      | Floating      | 14.00%                | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                        | Level 3 Financing Inc                                                           | CUSIP: 527298BV4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   1922772 | PA      | $2185438.59   | 0.09%             | 2029-11-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: —       |
| Amentum Holdings LLC                                                         | AMAZON HOLDCO INC                                                               | CUSIP: 02351XAB4<br>LEI: 2549009FJIBLW40CU216 | Long             | LON              | CORP              | US        |   6102188 | PA      | $6066593.44   | 0.26%             | 2031-09-29      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                                                             | Allied Universal Holdco LLC / Allied Universal Finance Corp                     | CUSIP: 019576AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $378451.07    | 0.02%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MH Sub I LLC                                                                 | MH SUB I LLC                                                                    | CUSIP: 45567YAN5<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |   5001378 | PA      | $4796856.68   | 0.21%             | 2028-05-03      | Floating      | 8.58%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                             | CSC Holdings LLC                                                                | CUSIP: 126307AS6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    475000 | PA      | $432630.84    | 0.02%             | 2028-02-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Level 3 Financing Inc                                                        | LEVEL 3 FINANCING INC                                                           | CUSIP: 52729KAT3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | LON              | CORP              | US        |   5575000 | PA      | $5604268.75   | 0.24%             | 2032-03-27      | Floating      | 8.58%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC                                       | TRS IBXXLLTR INDEX                                                              | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $278204.26    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Asurion LLC                                                                  | Asurion LLC                                                                     | CUSIP: 04649VBC3<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   1078000 | PA      | $1074227.00   | 0.05%             | 2028-08-21      | Floating      | 8.68%                 | Yes           |                  2 | On Loan: No      |
| Sandisk Corporation                                                          | SANDISK CORP                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   9725000 | PA      | $9603437.50   | 0.41%             | 2032-02-20      | Floating      | 7.32%                 | No            |                  3 | On Loan: No      |
| Cornerstone Building Brands Inc                                              | Cornerstone Building Brands Inc                                                 | CUSIP: 21925FAB0<br>LEI: 549300IW41QEWQ6T0H29 | Long             | LON              | CORP              | US        |   8275550 | PA      | $7323861.53   | 0.31%             | 2028-08-01      | Floating      | 9.95%                 | No            |                  2 | On Loan: No      |
| Eco Material Technologies Inc.                                               | ECO MATERIAL TECH INC                                                           | CUSIP: 27888XAB3<br>LEI: 2549001ARPX05UHXX452 | Long             | LON              | CORP              | US        |   6533000 | PA      | $6500335.00   | 0.28%             | 2032-02-12      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| Patagonia Holdco LLC                                                         | Patagonia Holdco LLC                                                            | CUSIP: 70289FAD3<br>LEI: 254900OLXUIWWEAJZ984 | Long             | LON              | CORP              | US        |   9979026 | PA      | $8550778.33   | 0.37%             | 2029-08-01      | Floating      | 10.05%                | No            |                  2 | On Loan: No      |
| Reworld Holding Corporation                                                  | REWORLD HOLDING CORP                                                            | CUSIP: 22282GAL1<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | LON              | CORP              | US        |   4158822 | PA      | $4164020.14   | 0.18%             | 2028-11-30      | Floating      | 6.84%                 | No            |                  2 | On Loan: No      |
| Neon Maple Purchaser Inc                                                     | NEON MAPLE US DEBT MERGERSUB INC                                                | CUSIP: 69425BAB3<br>LEI: 254900L3D6CI0XH2P605 | Long             | LON              | CORP              | US        |  12075000 | PA      | $12047324.10  | 0.52%             | 2031-11-17      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                        | Level 3 Financing Inc                                                           | CUSIP: 527298BU6<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    423000 | PA      | $462764.73    | 0.02%             | 2030-05-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Lippert Components Inc                                                       | LIPPERT COMPONENTS INC                                                          | CUSIP: 53631HAE8<br>LEI: 549300E1B98YNJ1WIQ04 | Long             | LON              | CORP              | US        |   2825000 | PA      | $2793218.75   | 0.12%             | 2032-03-19      | Floating      | 6.83%                 | No            |                  3 | On Loan: No      |
| Dave & Busters Inc                                                           | DAVE & BUSTER'S INC                                                             | CUSIP: 23833EAY0<br>LEI: 549300JAVWTAY1FT5Z45 | Long             | LON              | CORP              | US        |   5671500 | PA      | $5351298.45   | 0.23%             | 2031-11-01      | Floating      | 7.56%                 | No            |                  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        |        14 | NC      | $25000.02     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                     | TRS IBXXLLTR INDEX                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |         1 | NC      | $140467.07    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Asurion LLC                                                                  | Asurion LLC                                                                     | CUSIP: 04649VBB5<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |  10776657 | PA      | $10718280.25  | 0.46%             | 2028-08-19      | Floating      | 8.43%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                                                          | Sound Point CLO XXVII Ltd                                                       | CUSIP: 83611VBC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1462500.00   | 0.06%             | 2034-10-25      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| Sharp Services LLC (f/k/a Sharp Midco LLC)                                   | SHARP SERVICES LLC                                                              | CUSIP: 81989LAF5<br>LEI: 549300ZXMVUWBVXDAR03 | Long             | LON              | CORP              | US        |   3710075 | PA      | $3707755.80   | 0.16%             | 2028-12-31      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| Ocean Trails CLO                                                             | Ocean Trails CLO XV Ltd                                                         | CUSIP: 67515BAC6<br>LEI: 5493000CJCL8E235WY49 | Long             | ABS-CBDO         | CORP              | JE        |   4250000 | PA      | $4293221.65   | 0.18%             | 2037-01-15      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                                              | United States Treasury Note/Bond                                                | CUSIP: 91282CME8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2600000 | PA      | $2609953.13   | 0.11%             | 2026-12-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                | Citigroup Inc                                                                   | CUSIP: 172967MV0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  26500000 | PA      | $26004608.67  | 1.11%             | N/A             | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Intelsat SA/Luxembourg                                                       | Intelsat SA/Luxembourg                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28359 | NS      | $1174246.93   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Senior Loan Fund LTD                                                   | Atlas Senior Loan Fund XXIV Ltd                                                 | CUSIP: 04943PAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10000000 | PA      | $9988399.00   | 0.43%             | 2038-01-20      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LT                                               | Golub Capital Partners CLO 68B Ltd                                              | CUSIP: 38179QAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |  18600000 | PA      | $18707827.92  | 0.80%             | 2036-07-25      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| JFL-Tiger Acquisition Co., Inc                                               | JFL-TIGER ACQUISITION CO                                                        | CUSIP: 000000000<br>LEI: 254900KPFL42CYD2VY03 | Long             | LON              | CORP              | US        |   6883035 | PA      | $6865827.46   | 0.29%             | 2030-10-17      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| Signal Peak CLO, LLC                                                         | Signal Peak CLO 9 Ltd                                                           | CUSIP: 82670QAS8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   9185000 | PA      | $9173149.51   | 0.39%             | 2038-01-21      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| Renaissance Holding Corp                                                     | RENAISSANCE HOLDINGS COR                                                        | CUSIP: 75972JAK0<br>LEI: 549300UKKEC0Y6TXNF09 | Long             | LON              | CORP              | US        |   3582143 | PA      | $3292587.33   | 0.14%             | 2030-04-05      | Floating      | 8.28%                 | No            |                  2 | On Loan: No      |
| Evertec Group LLC                                                            | EVERTEC LLC                                                                     | CUSIP: 000000000<br>LEI: 54930056CPTQSUNQYB82 | Long             | LON              | CORP              | US        |   2705000 | PA      | $2715143.75   | 0.12%             | 2030-10-30      | Floating      | 7.08%                 | No            |                  3 | On Loan: No      |
| Charlotte Buyer Inc                                                          | CHARLOTTE BUYER INC                                                             | CUSIP: 12568YAH7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4890860 | PA      | $4885509.16   | 0.21%             | 2028-02-11      | Floating      | 8.58%                 | No            |                  2 | On Loan: No      |
| LifePoint Health Inc                                                         | LIFEPOINT HEALTH INC                                                            | CUSIP: 75915TAK8<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |   8776792 | PA      | $8653916.48   | 0.37%             | 2031-05-16      | Floating      | 8.01%                 | No            |                  2 | On Loan: No      |
| First Student Bidco Inc                                                      | FIRST STUDENT BIDCO INC                                                         | CUSIP: 33718FAM2<br>LEI: 2549006DRO2F06AA1391 | Long             | LON              | CORP              | US        |   1310318 | PA      | $1310045.00   | 0.06%             | 2028-07-21      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                        | Level 3 Financing Inc                                                           | CUSIP: 527298BX0<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    375000 | PA      | $422675.30    | 0.02%             | 2029-04-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Barrow Hanley CLO LTD                                                        | Barrow Hanley CLO II Ltd                                                        | CUSIP: 06875RAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5031483.00   | 0.22%             | 2035-10-20      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                             | CSC Holdings LLC                                                                | CUSIP: 126307AQ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $189452.79    | 0.01%             | 2027-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Aventiv Technologies (3/24) 1st Lien                                         | AVENTIV TECHNOLOGIES LLC                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    351699 | PA      | $362249.61    | 0.02%             | 2025-12-24      | Floating      | 14.56%                | No            |                  2 | On Loan: No      |
| BrewCo Borrower LLC                                                          | CITY BREWING CO LLC                                                             | CUSIP: 10756PAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4529012 | PA      | $1811604.80   | 0.08%             | 2028-04-05      | Floating      | 10.51%                | No            |                  3 | On Loan: No      |
| US TREASURY N/B                                                              | United States Treasury Note/Bond                                                | CUSIP: 912810UF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9405000 | PA      | $9036147.66   | 0.39%             | 2044-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Michael Baker International LLC                                              | MICHAEL BAKER INTL                                                              | CUSIP: 59406MAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4878321 | PA      | $4866125.26   | 0.21%             | 2028-12-01      | Floating      | 8.28%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC                                                                 | ACRISURE LLC                                                                    | CUSIP: 00488PAU9<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |   1990012 | PA      | $1985867.30   | 0.08%             | 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        |    425000 | PA      | $426029.30    | 0.02%             | 2027-01-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Fertitta Entertainment LLC                                                   | FERTITTA ENTERTAINMENT LLC/NV                                                   | CUSIP: 31556PAB3<br>LEI: 984500A0805D8V551D35 | Long             | LON              | CORP              | US        |   4078974 | PA      | $4051441.28   | 0.17%             | 2029-01-27      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Reworld Holding Corporation                                                  | REWORLD HOLDING CORP                                                            | CUSIP: 22282GAK3<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | LON              | CORP              | US        |    228973 | PA      | $229449.47    | 0.01%             | 2028-11-30      | Floating      | 6.84%                 | No            |                  2 | On Loan: No      |
| Johnstone Supply LLC                                                         | JOHNSTONE SUPPLY LLC                                                            | CUSIP: 47947BAF9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4956248 | PA      | $4943857.52   | 0.21%             | 2031-06-09      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| Cloudera Inc                                                                 | Cloudera Inc                                                                    | CUSIP: 74339VAE8<br>LEI: 549300PGONC4JOI0RG62 | Long             | LON              | CORP              | US        |   3320000 | PA      | $3118725.00   | 0.13%             | 2029-10-08      | Floating      | 10.43%                | No            |                  2 | On Loan: No      |
| Mip V Waste Holdings, LLC                                                    | MIP V WAST 12/31/28                                                             | CUSIP: 55316XAD2<br>LEI: 254900RELOGHR3ZGIQ56 | Long             | LON              | CORP              | US        |   1301649 | PA      | $1306529.95   | 0.06%             | 2028-12-08      | Floating      | 7.30%                 | No            |                  3 | On Loan: No      |
| Crisis Prevention Institute, Inc.                                            | TEI HOLDINGS INC                                                                | CUSIP: 22663GAD8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6907688 | PA      | $6916322.11   | 0.30%             | 2031-04-09      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| FALCON'S BEYOND GLOBAL INC-A                                                 | Falcon's Beyond Global Inc                                                      | CUSIP: 306121112<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    156835 | NS      | $15.68        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Venator Materials LLC                                                        | VENATOR FIN SARL                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3022401 | PA      | $2992177.05   | 0.13%             | 2025-12-31      | Floating      | 6.31%                 | No            |                  3 | On Loan: No      |
| Shift4 Payments LLC                                                          | SHIFT4PAYMENTSLLC                                                               | CUSIP: 000000000<br>LEI: 254900GTEMR7L40VPI74 | Long             | LON              | CORP              | US        |   2225000 | PA      | $2236125.00   | 0.10%             | 2032-05-07      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                                | DISH DBS Corp                                                                   | CUSIP: 25470XAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $860163.41    | 0.04%             | 2026-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| HarbourVest Partners LP                                                      | HARBOURVEST PARTNERS LP                                                         | CUSIP: 41165QAM9<br>LEI: 54930029KR62LTFQ8M21 | Long             | LON              | CORP              | US        |   4596928 | PA      | $4585435.86   | 0.20%             | 2030-04-18      | Floating      | 6.55%                 | No            |                  3 | On Loan: No      |
| Allen Media LLC                                                              | Allen Media LLC                                                                 | CUSIP: 01771JAG8<br>LEI: 549300ERNJNM4RN5JP79 | Long             | LON              | CORP              | US        |  11595986 | PA      | $6377792.32   | 0.27%             | 2027-02-10      | Floating      | 9.95%                 | 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        |  25796029 | NS      | $25777971.61  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR Financial CLO Ltd                                                        | KKR CLO 41 Ltd                                                                  | CUSIP: 48255PAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  12500000 | PA      | $12560222.50  | 0.54%             | 2035-04-15      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| AmWINS Group Inc                                                             | AMWINS GROUP INC                                                                | CUSIP: 03234TBA5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | LON              | CORP              | US        |   6999938 | PA      | $6991187.58   | 0.30%             | 2032-01-30      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Univision Communications Inc                                                 | UNIVISION COMMUNICATIONS INC                                                    | CUSIP: 914908BG2<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |   1780281 | PA      | $1724647.53   | 0.07%             | 2029-01-31      | Floating      | 7.94%                 | No            |                  2 | On Loan: No      |
| Greystar Real Estate Partners, LLC                                           | GREYSTAR REAL ES 08/21/30                                                       | CUSIP: 39806LAD9<br>LEI: 254900HGC806SXAS4M46 | Long             | LON              | CORP              | US        |   5129823 | PA      | $5129822.92   | 0.22%             | 2030-08-21      | Floating      | 7.08%                 | No            |                  3 | On Loan: No      |
| SonicWall US Holdings Inc                                                    | SONICWALL US HOLDINGS                                                           | CUSIP: 83547MAF4<br>LEI: 549300KJE1MHNCWBX302 | Long             | LON              | CORP              | US        |   2013403 | PA      | $1974141.43   | 0.08%             | 2028-05-18      | Floating      | 9.30%                 | No            |                  2 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T                                                     | Diversified Healthcare Trust                                                    | CUSIP: 81721MAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1168065.78   | 0.05%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| OFSI Fund LTD                                                                | OFSI BSL CLO XIII Ltd                                                           | CUSIP: 67118VAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5042049.50   | 0.22%             | 2037-04-20      | Floating      | 6.52%                 | No            |                  2 | On Loan: No      |
| Lc Ahab Us Bidco LLC                                                         | LC AHAB US BIDCO LLC                                                            | CUSIP: 50180PAB7<br>LEI: 254900949U9K2Q5C5A85 | Long             | LON              | CORP              | US        |   7049297 | PA      | $6908311.35   | 0.30%             | 2031-05-01      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Venator Materials PLC                                                        | Venator Materials PLC                                                           | CUSIP: 000000000<br>LEI: 549300WFXC4YL5IHX316 | Long             | EC               | CORP              | GB        |     10549 | NS      | $2109800.00   | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Tidal Waste & Recycling Holdings LLC                                         | TIDAL WASTE & RECYCLING                                                         | CUSIP: 88636PAK7<br>LEI: 254900IQT82RE5KFAZ50 | Long             | LON              | CORP              | US        |   3700000 | PA      | $3709250.00   | 0.16%             | 2031-10-24      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| Ineos US Petrochem LLC                                                       | INEOS US PETROCHEM LLC                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4454311 | PA      | $4075694.74   | 0.17%             | 2029-04-02      | Floating      | 8.68%                 | 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   | 0.05%             | 2030-04-23      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| Gainwell Acquisition Corp                                                    | Gainwell Acquisition Corp                                                       | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  12412789 | PA      | $11864553.54  | 0.51%             | 2027-10-01      | Floating      | 8.40%                 | Yes           |                  2 | On Loan: No      |
| Dk Crown Holdings Inc.                                                       | DK CROWN HOLDINGS INC                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2050000 | PA      | $2038042.35   | 0.09%             | 2032-03-04      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| Loire US Holdco 1 Inc                                                        | LOIRE FINCO LUXEMBOURG                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |   3200000 | PA      | $3192000.00   | 0.14%             | 2030-01-31      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Rockpoint Gas Storage Partners LP                                            | ROCKPOINT GAS STORAGE PA                                                        | CUSIP: 000000000<br>LEI: 549300ZXM0KTRM0NMI59 | Long             | LON              | CORP              | CA        |   6296719 | PA      | $6294754.17   | 0.27%             | 2031-09-18      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| A-Ap Buyer, Inc.                                                             | A-AP BUYER INC                                                                  | CUSIP: 00036FAB0<br>LEI: 254900BOO8W9IR1VYO11 | Long             | LON              | CORP              | US        |   3840375 | PA      | $3835574.53   | 0.16%             | 2031-09-09      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| Peraton Corp                                                                 | Peraton Corp                                                                    | CUSIP: 71360HAB3<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |   1795763 | PA      | $1552774.46   | 0.07%             | 2028-02-01      | Floating      | 8.18%                 | Yes           |                  2 | On Loan: No      |
| NGC Ltd                                                                      | NGC 2024-I Ltd                                                                  | CUSIP: 652927AJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   7650000 | PA      | $7691845.50   | 0.33%             | 2037-07-20      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| Great Outdoors Group LLC                                                     | GREAT OUTDOORS GROUP LLC                                                        | CUSIP: 07014QAP6<br>LEI: 549300IYLDI2E8I2AU46 | Long             | LON              | CORP              | US        |   9016879 | PA      | $8915439.25   | 0.38%             | 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        |   4050000 | PA      | $4021998.05   | 0.17%             | 2026-09-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NEWGENERATIONGASGATHERINGLLC                                                 | NEWGENERATIONGASGATHERINGLLC                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    567567 | PA      | $559053.50    | 0.02%             | 2029-09-30      | Floating      | 0.01%                 | No            |                  3 | On Loan: No      |
| TGP Holdings III LLC                                                         | TGP Holdings III LLC                                                            | CUSIP: 87251RAK9<br>LEI: 549300LURVM6CQ1MNO41 | Long             | LON              | CORP              | US        |  11564981 | PA      | $10182965.53  | 0.44%             | 2028-06-29      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                                                  | CAESARS ENTERTAIN INC                                                           | CUSIP: 12768EAG1<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |   6510759 | PA      | $6478205.03   | 0.28%             | 2030-02-06      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| NEW GENERATION GAS - UNFUNDED                                                | NEW GENERATION GAS - UNFUNDED                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    283783 | PA      | $279526.68    | 0.01%             | 2029-09-30      | Floating      | 0.01%                 | No            |                  3 | On Loan: No      |
| Igloo Holdings Corp                                                          | MX HOLDINGS US INC                                                              | CUSIP: 55404TAF9<br>LEI: 549300RKTIVJWNROR778 | Long             | LON              | CORP              | US        |   7375000 | PA      | $7375000.00   | 0.32%             | 2032-03-17      | Floating      | 6.58%                 | No            |                  3 | On Loan: No      |
| STATE STREET CORP                                                            | State Street Corp                                                               | CUSIP: 857477CM3<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102165.56    | 0.00%             | N/A             | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| GENESEE & WYOMING INC                                                        | GENESEE & WYOMING INC                                                           | CUSIP: 37156QAZ9<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | LON              | CORP              | US        |   1719978 | PA      | $1709467.28   | 0.07%             | 2031-04-10      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| Venator Materials LLC                                                        | VENATOR FINANCE SARL                                                            | CUSIP: 000000000<br>LEI: 2221000BJZTBBAJL7429 | Long             | LON              | CORP              | LU        |   4309002 | PA      | $3554926.40   | 0.15%             | 2028-10-12      | Floating      | 14.32%                | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd                                                        | KKR Clo 32 Ltd                                                                  | CUSIP: 482937AB5<br>LEI: 5493004Y6G18HN4CQ515 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4024999.20   | 0.17%             | 2037-04-15      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| Gloves Buyer Inc                                                             | GLOVES BUYER INC                                                                | CUSIP: 000000000<br>LEI: 54930015O0Y94T5H8Z18 | Long             | LON              | CORP              | US        |   5175000 | PA      | $4997109.38   | 0.21%             | 2032-01-17      | Floating      | 8.33%                 | 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        |    681081 | PA      | $670864.79    | 0.03%             | 2029-09-30      | Floating      | 0.01%                 | No            |                  3 | On Loan: No      |
| Flint Group Packaging Inks North America Holdings LLC                        | FLINT GROUP PACKAGING IN                                                        | CUSIP: 000000000<br>LEI: 549300KLX20KIO31CV35 | Long             | LON              | CORP              | LU        |   5685511 | PA      | $5410713.38   | 0.23%             | 2026-12-31      | Floating      | 8.80%                 | No            |                  2 | On Loan: No      |
| First Student Bidco Inc                                                      | FIRST STUDENT BI 07/21/28                                                       | CUSIP: 33718FAK6<br>LEI: 2549006DRO2F06AA1391 | Long             | LON              | CORP              | US        |   4285644 | PA      | $4284752.64   | 0.18%             | 2028-07-21      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| Elevation CLO Ltd                                                            | Elevation Clo 2021-13 Ltd                                                       | CUSIP: 28622EAW8<br>LEI: 549300YZ3RIOTSOP0V95 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2493750.25   | 0.11%             | 2034-07-15      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| Discovery Energy Holding Corporation                                         | DISCOVERY ENERGY HOLDING                                                        | CUSIP: 25472PAB6<br>LEI: 254900T31FAYMRQSAA12 | Long             | LON              | CORP              | US        |   5513099 | PA      | $5485533.81   | 0.23%             | 2031-05-01      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| DENALI INTERMEDIATE HLDG INC                                                 | DENALI INTERMEDIATE HLDG INC                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    678676 | PA      | $671889.09    | 0.03%             | 2032-05-31      | Floating      | 0.01%                 | No            |                  3 | On Loan: No      |
| VISTAJET MALTA/VM HOLDS                                                      | VistaJet Malta Finance PLC / Vista Management Holding Inc                       | CUSIP: 92840JAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    375000 | PA      | $335625.00    | 0.01%             | 2030-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Aventiv Technologies (3/24) 1st Lien                                         | AVENTIV TECHNOLOGIES LLC                                                        | CUSIP: 05358AAL8<br>LEI: 549300EBCNNXVCJ2FW66 | Long             | LON              | CORP              | US        |    113833 | PA      | $853.75       | 0.00%             | 2025-11-01      | Floating      | 13.61%                | No            |                  2 | On Loan: No      |
| TPC Group Inc                                                                | TPC GROUP INC                                                                   | CUSIP: 87266EAG0<br>LEI: 549300K276KVW5JD1583 | Long             | LON              | CORP              | US        |   8288000 | PA      | $7832160.00   | 0.33%             | 2031-11-21      | Floating      | 9.95%                 | No            |                  3 | On Loan: No      |
| DIGICEL GROUP HOLDINGS                                                       | Digicel Group Holdings Ltd                                                      | CUSIP: 25381HAM0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    196977 | PA      | $0.20         | 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        |    200000 | PA      | $191958.70    | 0.01%             | 2027-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Gallatin Funding Ltd                                                         | Gallatin CLO XI 2024-1 Ltd                                                      | CUSIP: 36362HAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |   9275000 | PA      | $9316446.27   | 0.40%             | 2037-10-20      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                             | CSC Holdings LLC                                                                | CUSIP: 126307BF3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $131273.65    | 0.01%             | 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        |   6393380 | PA      | $6177603.70   | 0.26%             | 2028-09-15      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| Latham Pool Products Inc                                                     | Latham Pool Products Inc                                                        | CUSIP: 51822LAE2<br>LEI: 5493003BF0K8YNW6X153 | Long             | LON              | CORP              | US        |   4706123 | PA      | $4564939.52   | 0.20%             | 2029-02-23      | Floating      | 8.43%                 | No            |                  3 | On Loan: No      |
| Windstream Services LLC                                                      | WINDSTREAM SERVICES LLC                                                         | CUSIP: 97381JAJ2<br>LEI: 549300KT9GVEBYCD2N29 | Long             | LON              | CORP              | US        |   1550000 | PA      | $1553875.00   | 0.07%             | 2031-09-26      | Floating      | 9.18%                 | No            |                  3 | On Loan: No      |
| Tikehau US CLO Ltd                                                           | Tikehau US CLO III Ltd                                                          | CUSIP: 88676NAU1<br>LEI: 549300W9XQOIYX4MC726 | Long             | ABS-CBDO         | CORP              | BM        |  12000000 | PA      | $12103036.80  | 0.52%             | 2036-01-20      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA/VM HOLDS                                                      | VistaJet Malta Finance PLC / Vista Management Holding Inc                       | CUSIP: 92840JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   3575000 | PA      | $3494562.50   | 0.15%             | 2027-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                                   | US Bancorp                                                                      | CUSIP: 902973BC9<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   8613000 | PA      | $8239956.30   | 0.35%             | N/A             | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| MRC Global (US) Inc.                                                         | MRC GLOBAL US INC                                                               | CUSIP: 55345LAF8<br>LEI: 549300DH01K8F1NQFP75 | Long             | LON              | CORP              | US        |   2356000 | PA      | $2344220.00   | 0.10%             | 2031-10-29      | Floating      | 7.83%                 | No            |                  3 | On Loan: No      |
| Transdigm Inc                                                                | TRANSDIGM INC                                                                   | CUSIP: 89364MCB8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |   1831500 | PA      | $1834934.06   | 0.08%             | 2030-03-22      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| Bombardier Recreational Products Inc                                         | BOMBARDIER RECREATIONAL                                                         | CUSIP: 09776MAS3<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |   1660304 | PA      | $1654493.08   | 0.07%             | 2029-12-13      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| Savage Enterprises LLC                                                       | SAVAGE ENTERPRISES LLC                                                          | CUSIP: 80465JAH1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4078504 | PA      | $4084874.64   | 0.17%             | 2028-09-15      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| MLN US HoldCo LLC                                                            | MLN US Holdco LLC                                                               | CUSIP: 55292HAL7<br>LEI: 549300QKU7NPW6O86862 | Long             | LON              | CORP              | US        |     69600 | PA      | $174.00       | 0.00%             | 2027-10-18      | Floating      | 17.75%                | No            |                  3 | On Loan: No      |
| RadCLOLtd                                                                    | RadCLO19Ltd                                                                     | CUSIP: 750104AQ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  20000000 | PA      | $20056440.00  | 0.86%             | 2038-03-20      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| VeriFone Systems Inc                                                         | VERIFONE SYSTEMS INC                                                            | CUSIP: 92346NAH2<br>LEI: 254900LTTVM8MM9RKV75 | Long             | LON              | CORP              | US        |  10562293 | PA      | $9602254.85   | 0.41%             | 2028-08-18      | Floating      | 10.21%                | No            |                  2 | On Loan: No      |
| Swf Holdings I Corp.                                                         | SWF HOLDINGS I CORP                                                             | CUSIP: 000000000<br>LEI: 5493000CMZKPQ7BKPB20 | Long             | LON              | CORP              | US        |   2085714 | PA      | $2075285.72   | 0.09%             | 2029-12-18      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Sycamore Buyer LLC                                                           | WAYNE-SANDERSON FARMS LLC                                                       | CUSIP: 87114UAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2975000 | PA      | $2968803.08   | 0.13%             | 2029-07-23      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| AP Gaming I LLC                                                              | AP GAMING I LLC                                                                 | CUSIP: 00185NAE6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4213479 | PA      | $4208211.97   | 0.18%             | 2029-02-15      | Floating      | 8.08%                 | No            |                  2 | On Loan: No      |
| Vista Management Holding Inc.                                                | VISTA MANAGEMENT HOLDING INC                                                    | CUSIP: 92842EAB4<br>LEI: 5299005VABKD28UWHI65 | Long             | LON              | CORP              | US        |   5445000 | PA      | $5445000.00   | 0.23%             | 2031-03-18      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                                                  | CAESARS ENTERTAIN INC                                                           | CUSIP: 12768EAH9<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |   2846250 | PA      | $2830831.86   | 0.12%             | 2031-02-06      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| INDICOR LLC                                                                  | ROPER INDUSTRIAL PRODUCT                                                        | CUSIP: 77669LAK9<br>LEI: 254900RXO1EICEHOLG29 | Long             | LON              | CORP              | US        |   3240224 | PA      | $3224023.27   | 0.14%             | 2029-11-22      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| Univision Communications Inc                                                 | Univision Communications Inc                                                    | CUSIP: 914908BD9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |   3112000 | PA      | $3049760.00   | 0.13%             | 2029-06-24      | Floating      | 8.55%                 | No            |                  3 | On Loan: No      |
| Iridium Satellite LLC                                                        | IRIDIUM SATELLITE LLC                                                           | CUSIP: 46269KAT1<br>LEI: 254900615BJ7139TFM33 | Long             | LON              | CORP              | US        |   2923052 | PA      | $2913656.84   | 0.12%             | 2030-09-20      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Sedgwick Claims Management Services, Inc.                                    | SEDGWICK CMS INC                                                                | CUSIP: 81527CAP2<br>LEI: 549300BIN4DWJG5VWF64 | Long             | LON              | CORP              | US        |   8483204 | PA      | $8492043.41   | 0.36%             | 2031-06-27      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Altar Bidco Inc                                                              | Altar Bidco Inc                                                                 | CUSIP: 02090CAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2400000 | PA      | $2369251.20   | 0.10%             | 2029-02-01      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                                                                  | Gap Inc/The                                                                     | CUSIP: 364760AQ1<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |   2195000 | PA      | $1940160.49   | 0.08%             | 2031-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| BX Trust                                                                     | BX Trust 2025-DIME                                                              | CUSIP: 05613UAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4750000 | PA      | $4713160.43   | 0.20%             | 2035-02-15      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Neptune Husky US Bidco LLC                                                   | SK Neptune Husky Group Sarl                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |   6859378 | PA      | $205781.34    | 0.01%             | 2029-01-03      | Floating      | 12.44%                | No            |                  2 | On Loan: No      |
| EAB GLOBAL INC                                                               | EAB GLOBAL INC                                                                  | CUSIP: 26835CAC3<br>LEI: 254900WJRUVZKYEF1M36 | Long             | LON              | CORP              | US        |   6268795 | PA      | $6133626.96   | 0.26%             | 2030-08-16      | Floating      | 7.33%                 | 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        |      -287 | NC      | $-220034.02   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Gallatin Funding Ltd                                                         | Gallatin CLO X 2023-1 Ltd                                                       | CUSIP: 36362MAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |  10000000 | PA      | $10062965.00  | 0.43%             | 2035-10-14      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                                                            | CLARIOS GLOBAL LP                                                               | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |  12400000 | PA      | $12353500.00  | 0.53%             | 2032-01-28      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| Jupiter Buyer Inc                                                            | ARCHKEY HOLDINGS INC                                                            | CUSIP: 48205CAC9<br>LEI: 254900FACU3AJQKAQ270 | Long             | LON              | CORP              | US        |   4684483 | PA      | $4690338.36   | 0.20%             | 2031-11-01      | Floating      | 9.03%                 | No            |                  2 | On Loan: No      |
| Tikehau US CLO Ltd                                                           | Tikehau US CLO II Ltd                                                           | CUSIP: 88676LAY7<br>LEI: 254900I3YTWHVZHM1B33 | Long             | ABS-CBDO         | CORP              | BM        |  12150000 | PA      | $12179631.42  | 0.52%             | 2038-01-20      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Flint Group Packaging Inks North America Holdings LLC                        | FLINT GROUP TOPCO LTD                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | JE        |   5044429 | PA      | $4010321.39   | 0.17%             | 2027-12-31      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                                  | Asurion LLC                                                                     | CUSIP: 04649VAX8<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   2187160 | PA      | $2184699.58   | 0.09%             | 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        |   3038967 | PA      | $3008577.78   | 0.13%             | 2026-07-16      | Floating      | 14.30%                | No            |                  3 | On Loan: No      |
| CITIGROUP INC                                                                | Citigroup Inc                                                                   | CUSIP: 172967PR6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  10295000 | PA      | $10205416.81  | 0.44%             | N/A             | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Apex Credit CLO LLC                                                          | Apex Credit CLO 2021-II LLC                                                     | CUSIP: 58406CAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4725000 | PA      | $4732075.22   | 0.20%             | 2034-10-20      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| BCPE North Star US Holdco 2 Inc                                              | BCPE North Star US Holdco 2 Inc                                                 | CUSIP: 05552DAD4<br>LEI: 254900AGB0JDUDNIJC95 | Long             | LON              | CORP              | US        |   5310188 | PA      | $5205640.72   | 0.22%             | 2028-06-09      | Floating      | 8.44%                 | No            |                  2 | On Loan: No      |
| CIFC European Funding CLO                                                    | CIFC European Funding CLO III DAC                                               | CUSIP: 000000000<br>LEI: 5493000EF0244RPYUG32 | Long             | ABS-CBDO         | CORP              | IE        |   2000000 | PA      | $2241137.81   | 0.10%             | 2034-01-15      | Floating      | 3.78%                 | No            |                  2 | On Loan: No      |
| CPPIB OVM MEMBER US LLC                                                      | CPPIB OVM MEMBER US LLC                                                         | CUSIP: 12673CAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5527429 | PA      | $5490578.10   | 0.23%             | 2031-08-20      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| LBM Acquisition LLC                                                          | LBM ACQUISITION LLC                                                             | CUSIP: 50179JAH1<br>LEI: 549300FAEB3VWZL4NI86 | Long             | LON              | CORP              | US        |   2500000 | PA      | $2233750.00   | 0.10%             | 2031-06-06      | Floating      | 8.18%                 | 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        |   2650000 | PA      | $2515612.44   | 0.11%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DIAMOND SPORTS GRP LLC- CS                                                   | DIAMOND SPORTS GRP LLC- CS                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    244231 | NS      | $3470034.05   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Foundation Building Materials Inc                                            | FOUNDATION BUILDING MATERIALS INC                                               | CUSIP: 35039KAE6<br>LEI: 549300ZVE6MONHB01I28 | Long             | LON              | CORP              | US        |   3725000 | PA      | $3506156.25   | 0.15%             | 2031-01-29      | Floating      | 9.55%                 | No            |                  2 | On Loan: No      |
| HPS Loan Management Ltd                                                      | HPS Loan Management 2023-18 Ltd                                                 | CUSIP: 442911AE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  17900000 | PA      | $18003777.04  | 0.77%             | 2036-07-20      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                                | DISH DBS Corp                                                                   | CUSIP: 25470XBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $294903.43    | 0.01%             | 2029-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Cpi Holdco B, LLC                                                            | CREATIVE PLANNING LLC                                                           | CUSIP: 1261MAAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  10124125 | PA      | $10098814.69  | 0.43%             | 2031-05-17      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| Upstream Newco Inc                                                           | Upstream Newco Inc                                                              | CUSIP: 91678HAF9<br>LEI: 549300Q4K2W4R1EBTH48 | Long             | LON              | CORP              | US        |  16588195 | PA      | $12607028.02  | 0.54%             | 2026-11-20      | Floating      | 8.79%                 | No            |                  2 | On Loan: No      |
| HERITAGE PWR LLC                                                             | HERITAGE PWR LLC                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    182367 | NS      | $10349327.25  | 0.44%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Covia Holdings Corporation                                                   | COVIA HOLDINGS LLC                                                              | CUSIP: 000000000<br>LEI: 213800IE4YGTGVTQ1806 | Long             | LON              | CORP              | US        |   5250000 | PA      | $5236875.00   | 0.22%             | 2032-02-26      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| Avoca CLO                                                                    | Avoca Capital CLO X Ltd                                                         | CUSIP: 000000000<br>LEI: 635400SFFWCTHJHBZK84 | Long             | ABS-CBDO         | CORP              | IE        |   3750000 | PA      | $4220334.80   | 0.18%             | 2035-04-15      | Floating      | 3.63%                 | No            |                  2 | On Loan: No      |
| Kenan Advantage Group Inc (The)                                              | KENAN ADVANTAGE GROUP                                                           | CUSIP: 48853UBQ2<br>LEI: 549300GVUXCXDWYPIY65 | Long             | LON              | CORP              | US        |   2731675 | PA      | $2692407.10   | 0.12%             | 2029-01-25      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                             | CSC Holdings LLC                                                                | CUSIP: 126307BK2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   2157000 | PA      | $995176.46    | 0.04%             | 2031-11-15      | Fixed         | 5.00%                 | Yes           |                  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        |    835000 | PA      | $783393.61    | 0.03%             | 2030-04-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC                                                                 | ACRISURE LLC                                                                    | CUSIP: 00488PAV7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |  12399436 | PA      | $12306439.90  | 0.53%             | 2030-11-06      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                                     | Sumitomo Mitsui Financial Group Inc                                             | CUSIP: 86562MDK3<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   2725000 | PA      | $2677312.50   | 0.11%             | N/A             | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Albion Financing 3 SARL                                                      | AGGREKO HOLDINGS INC                                                            | CUSIP: 00847NAE6<br>LEI: 213800VFJ5CIN2NUQ821 | Long             | LON              | CORP              | US        |   4618240 | PA      | $4624012.32   | 0.20%             | 2029-08-16      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| Markermeer Finance B.V.                                                      | MARKERMEER FINANCE BV                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |   5000000 | PA      | $5665895.50   | 0.24%             | 2027-01-29      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Hilcorp Energy I LP                                                          | HILCORP ENERGY I LP                                                             | CUSIP: 431319AH5<br>LEI: 549300ITPIHLG0LHEC09 | Long             | LON              | CORP              | US        |   1870000 | PA      | $1862987.50   | 0.08%             | 2030-02-05      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| Cpi Holdco B, LLC                                                            | CPI HOLDCO B LLC                                                                | CUSIP: 1261MAAC4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1225000 | PA      | $1223086.55   | 0.05%             | 2031-05-19      | Floating      | 6.58%                 | 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        |   1514625 | PA      | $1500831.31   | 0.06%             | 2028-05-04      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| ADIENT US LLC                                                                | ADIENT US LLC                                                                   | CUSIP: 00687MAH4<br>LEI: 213800SOTRCDGZUHL712 | Long             | LON              | CORP              | US        |   2763476 | PA      | $2747685.57   | 0.12%             | 2031-01-29      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| XPLORE INC                                                                   | XPLORE INC                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    172298 | NS      | $407601.07    | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| MLN US HoldCo LLC                                                            | MLN US HOLDCO LLC                                                               | CUSIP: 55292HAG8<br>LEI: 549300QKU7NPW6O86862 | Long             | LON              | CORP              | US        |  10884517 | PA      | $10884.52     | 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        |  10113475 | PA      | $9788397.57   | 0.42%             | 2028-11-17      | Floating      | 9.41%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                                             | CIFC Funding 2014-V Ltd                                                         | CUSIP: 12550ABH8<br>LEI: 549300Y56VCWZJQV2Z14 | Long             | ABS-CBDO         | CORP              | KY        |   9650000 | PA      | $9688878.89   | 0.41%             | 2037-07-17      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                                                             | Trinitas CLO XV Ltd                                                             | CUSIP: 89641XAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   8350000 | PA      | $8347076.67   | 0.36%             | 2034-04-22      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| Grant Thornton Advisors LLC                                                  | GRANT THORNTON ADVISORS                                                         | CUSIP: 38821UAE0<br>LEI: 254900XS1SHU0YY3WF58 | Long             | LON              | CORP              | US        |    230978 | PA      | $229823.37    | 0.01%             | 2031-06-02      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| NYC Commercial Mortgage Trust                                                | NYC Commercial Mortgage Trust 2025-3BP                                          | CUSIP: 67120UAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2350000 | PA      | $2292519.71   | 0.10%             | 2042-02-15      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| Aventiv Technologies (3/24) 1st Lien                                         | AVENTIV TECHNOLOGIES LLC                                                        | CUSIP: 05358AAQ7<br>LEI: 549300EBCNNXVCJ2FW66 | Long             | LON              | CORP              | US        |    261654 | PA      | $249879.75    | 0.01%             | 2025-07-31      | Floating      | 12.06%                | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                                               | Carlyle US CLO 2024-2 Ltd                                                       | CUSIP: 14318VAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5600000 | PA      | $5647710.32   | 0.24%             | 2037-04-25      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| CABLEVISION LIGHTPATH                                                        | Cablevision Lightpath LLC                                                       | CUSIP: 12687GAB5<br>LEI: 5493002ZVBLRLGES1R71 | Long             | DBT              | CORP              | US        |    200000 | PA      | $193046.52    | 0.01%             | 2028-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Doosan Bobcat North America Inc (f/k/a Clark Equipment Company)              | DOOSAN BOBCAT NORTH                                                             | CUSIP: 18143EAL3<br>LEI: 549300X1FKNY520VPF71 | Long             | LON              | CORP              | US        |   1816639 | PA      | $1817774.21   | 0.08%             | 2029-04-20      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                      | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GYU2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  20058000 | PA      | $19528833.05  | 0.83%             | N/A             | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                          | JPMorgan Chase & Co                                                             | CUSIP: 48128BAH4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  23015000 | PA      | $22975862.99  | 0.98%             | N/A             | Floating      | 7.04%                 | No            |                  2 | On Loan: No      |
| Cinemark USA Inc                                                             | CINEMARK USA INC                                                                | CUSIP: 172442AU9<br>LEI: 54930008H2137JSCPQ09 | Long             | LON              | CORP              | US        |   6269589 | PA      | $6269589.12   | 0.27%             | 2030-05-24      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| Blackstone Mortgage Trust Inc                                                | Blackstone Mortgage Trust Inc                                                   | CUSIP: 09259GAF0<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | LON              | CORP              | US        |  11567774 | PA      | $11596693.80  | 0.50%             | 2029-05-09      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                                | DISH DBS Corp                                                                   | CUSIP: 25470XBB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $239008.71    | 0.01%             | 2028-07-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Rainbow UK Holdco Limited                                                    | Rainbow UK Bidco Ltd                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   5775000 | PA      | $7716107.62   | 0.33%             | 2029-02-23      | Floating      | 8.70%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                                        | QUIKRETE HOLDING 01/30/32                                                       | CUSIP: 74839XAL3<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |   7700000 | PA      | $7667914.10   | 0.33%             | 2032-02-10      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Arsenal Aic Parent LLC                                                       | ARSENAL AIC PARENT LLC                                                          | CUSIP: 04287KAG6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6181384 | PA      | $6146613.40   | 0.26%             | 2030-08-18      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| Lightstone HoldCo LLC                                                        | Lightstone Holdco LLC                                                           | CUSIP: 53226GAK7<br>LEI: 549300VXK6UGDG7H3G98 | Long             | LON              | CORP              | US        |   7084539 | PA      | $7075683.70   | 0.30%             | 2027-01-29      | Floating      | 10.03%                | No            |                  2 | On Loan: No      |
| Ensemble RCM LLC                                                             | ENSEMBLE RCM LLC                                                                | CUSIP: 29359BAE1<br>LEI: 254900PDXJVVI20WAQ37 | Long             | LON              | CORP              | US        |   1375000 | PA      | $1376073.88   | 0.06%             | 2029-08-01      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc                                          | CLYDESDALE ACQUISITION HOLDINGS INC                                             | CUSIP: 18972FAF9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |    126289 | PA      | $125236.30    | 0.01%             | 2032-04-01      | Floating      | 7.48%                 | No            |                  2 | On Loan: No      |
| EMRLD Borrower LP                                                            | EMRLD BORROWER LP                                                               | CUSIP: 26872NAC3<br>LEI: 5493000GJYE7GAQCUC61 | Long             | LON              | CORP              | US        |   7304115 | PA      | $7258463.81   | 0.31%             | 2030-05-31      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                                     | Hilcorp Energy I LP / Hilcorp Finance Co                                        | CUSIP: 431318AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3750000 | PA      | $3424129.89   | 0.15%             | 2032-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| COTIVITI INC                                                                 | COTIVITI INC                                                                    | CUSIP: 22164MAB3<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |   6286659 | PA      | $6255225.46   | 0.27%             | 2031-05-01      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| 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        |    488000 | NS      | $488000.00    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Secure Acquisition, Inc.                                                     | SECURE ACQUISITION INC                                                          | CUSIP: 81379KAB4<br>LEI: 549300YQX175FJL0XO54 | Long             | LON              | CORP              | US        |   5600927 | PA      | $5593925.38   | 0.24%             | 2028-12-15      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| CCRR Parent Inc                                                              | Ingenovis Health Inc                                                            | CUSIP: 12510MAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  12213467 | PA      | $5496060.07   | 0.23%             | 2028-03-06      | Floating      | 8.70%                 | No            |                  2 | On Loan: No      |
| Park River Holdings Inc                                                      | Park River Holdings Inc                                                         | CUSIP: 70082HAC0<br>LEI: 254900PGY077KWCROT75 | Long             | LON              | CORP              | US        |   5625282 | PA      | $5400270.94   | 0.23%             | 2027-12-28      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                                                 | Voya CLO 2019-3 Ltd                                                             | CUSIP: 92918FAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   8650000 | PA      | $8679064.00   | 0.37%             | 2032-10-17      | Floating      | 6.19%                 | No            |                  2 | On Loan: No      |
| Focus Financial Partners LLC                                                 | FOCUS FINANCIAL PARTNERS LLC                                                    | CUSIP: 34416DBD9<br>LEI: 5493007L0E0VKRC2CP39 | Long             | LON              | CORP              | US        |   9089972 | PA      | $9029914.78   | 0.39%             | 2031-09-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Grinding Media Inc (Molycop Ltd)                                             | GRINDING MEDIA INC                                                              | CUSIP: 39854KAC4<br>LEI: 254900IYFJ03EGFQ8C34 | Long             | LON              | CORP              | US        |   7281730 | PA      | $7026869.57   | 0.30%             | 2028-10-12      | Floating      | 7.83%                 | No            |                  3 | On Loan: No      |
| RADIATE HOLDCO / FINANCE                                                     | Radiate Holdco LLC / Radiate Finance Inc                                        | CUSIP: 75026JAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $131974.66    | 0.01%             | 2028-09-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| PGIM Active High Yield Bond ETF                                              | PGIM Active High Yield Bond ETF                                                 | CUSIP: 69344A206<br>LEI: 549300F10UK98WW68156 | Long             | EC               | RF                | US        |    225000 | NS      | $7868250.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ADTALEM GLOBAL EDUCATION                                                     | Adtalem Global Education Inc                                                    | CUSIP: 00737WAA7<br>LEI: 549300Z467EZLMODV621 | Long             | DBT              | CORP              | US        |   1521000 | PA      | $1510547.79   | 0.06%             | 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        |    600000 | PA      | $602085.94    | 0.03%             | 2026-11-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Omnia Partners, LLC                                                          | OMNIA PARTNERS LLC                                                              | CUSIP: 68218HAE7<br>LEI: 254900ZD1P5CVG9GOS22 | Long             | LON              | CORP              | US        |   4664809 | PA      | $4670639.76   | 0.20%             | 2030-07-25      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| Dave & Busters Inc                                                           | DAVE & BUSTER'S INC                                                             | CUSIP: 23833EAX2<br>LEI: 549300JAVWTAY1FT5Z45 | Long             | LON              | CORP              | US        |   2879598 | PA      | $2733219.39   | 0.12%             | 2029-06-29      | Floating      | 7.56%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                      | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GC28<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  15435000 | PA      | $15612971.48  | 0.67%             | N/A             | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Summer (BC) Bidco B LLC                                                      | SUMMER BC HOLDCO B SARL                                                         | CUSIP: 000000000<br>LEI: 984500NRF59D5DB9B654 | Long             | LON              | CORP              | LU        |   7044315 | PA      | $6938650.70   | 0.30%             | 2029-02-15      | Floating      | 9.56%                 | No            |                  2 | On Loan: No      |
| St Pauls CLO                                                                 | St Pauls CLO                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |   4500000 | PA      | $4733484.91   | 0.20%             | 2032-01-17      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Grant Thornton Advisors LLC                                                  | GRANT THORNTON ADVISORS                                                         | CUSIP: 38821UAD2<br>LEI: 254900XS1SHU0YY3WF58 | Long             | LON              | CORP              | US        |   8563809 | PA      | $8520989.52   | 0.36%             | 2031-06-02      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| Ryan LLC                                                                     | RYAN LLC                                                                        | CUSIP: 78350LAZ8<br>LEI: 549300TG86D8HZC6TE67 | Long             | LON              | CORP              | US        |   5699512 | PA      | $5699511.91   | 0.24%             | 2030-11-14      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                                               | Carlyle US CLO 2023-5 Ltd                                                       | CUSIP: 14318QAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  18250000 | PA      | $18392278.83  | 0.79%             | 2036-01-27      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| Trugreen Limited Partnership                                                 | TruGreen LP                                                                     | CUSIP: 89787RAH5<br>LEI: 549300QNRP2MNHR3QM19 | Long             | LON              | CORP              | US        |   3808418 | PA      | $3665601.97   | 0.16%             | 2027-11-02      | Floating      | 8.43%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP                                                          | MEDLINE BORROWER LP                                                             | CUSIP: 58503UAF0<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |   5962531 | PA      | $5954708.01   | 0.25%             | 2028-10-23      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Clearwater Analytics LLC                                                     | CLEARWATER ANALYTICS LLC                                                        | CUSIP: 18512EAF9<br>LEI: 894500N8DN2JO5ZDRQ11 | Long             | LON              | CORP              | US        |   2725000 | PA      | $2711375.00   | 0.12%             | 2032-04-21      | Floating      | 6.52%                 | No            |                  3 | On Loan: No      |
| WELLS FARGO & COMPANY                                                        | Wells Fargo & Co                                                                | CUSIP: 949746TD3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    775000 | PA      | $762521.71    | 0.03%             | N/A             | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| VFH Parent LLC                                                               | VFH PARENT LLC                                                                  | CUSIP: 91820UAV2<br>LEI: 549300FRO9M476YHHY64 | Long             | LON              | CORP              | US        |   2686093 | PA      | $2686092.84   | 0.11%             | 2031-06-21      | Floating      | 6.83%                 | No            |                  3 | On Loan: No      |
| DISH NETWORK CORP                                                            | DISH Network Corp                                                               | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2887299.19   | 0.12%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                        | Wells Fargo & Co                                                                | CUSIP: 95002YAC7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   6060000 | PA      | $6225277.86   | 0.27%             | N/A             | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Action Environmental Group Inc, The                                          | ACTION ENVIRONMENTAL GRO                                                        | CUSIP: 00507JAF3<br>LEI: 549300BB30QUQC86W666 | Long             | LON              | CORP              | US        |  10650460 | PA      | $10650459.95  | 0.46%             | 2030-10-24      | Floating      | 8.05%                 | No            |                  3 | On Loan: No      |
| Virgin Media Bristol LLC                                                     | Virgin Media Bristol LLC                                                        | CUSIP: 000000000<br>LEI: 213800IQ982XX69LE276 | Long             | LON              | CORP              | US        |   5895000 | PA      | $5794295.72   | 0.25%             | 2031-03-31      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                        | Level 3 Financing Inc                                                           | CUSIP: 527298CB7<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    150000 | PA      | $136770.71    | 0.01%             | 2029-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Belfor Holdings Inc                                                          | BELFOR HOLDINGS INC                                                             | CUSIP: 07768YAQ5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7041556 | PA      | $7059160.32   | 0.30%             | 2030-11-01      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Regatta XXIX Funding Ltd.                                                    | Regatta XXIX Funding Ltd                                                        | CUSIP: 758971AC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  13500000 | PA      | $13575845.70  | 0.58%             | 2037-09-06      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| NAB Holdings LLC                                                             | NORTHAB LLC                                                                     | CUSIP: 66345FAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4720274 | PA      | $4680151.45   | 0.20%             | 2028-11-23      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| Alltech, Inc.                                                                | ALLTECH INC                                                                     | CUSIP: 02003DBB9<br>LEI: 549300HV8FN6KMLFMN67 | Long             | LON              | CORP              | US        |   7530205 | PA      | $7445490.38   | 0.32%             | 2030-08-13      | Floating      | 8.69%                 | No            |                  2 | On Loan: No      |
| Sound Inpatient Physicians Inc                                               | SOUND INPATIENT PHYSICIA                                                        | CUSIP: 83607JAF8<br>LEI: 54930047QBMPL027P218 | Long             | LON              | CORP              | US        |   7048604 | PA      | $5497911.21   | 0.24%             | 2028-06-28      | Variable      | 11.06%                | No            |                  2 | On Loan: No      |
| Envision Healthcare Operating, Inc.                                          | ENVISIONHEALTHCAREOPER                                                          | CUSIP: 29414YAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4550000 | PA      | $4558531.25   | 0.19%             | 2027-12-30      | Floating      | 12.58%                | No            |                  2 | On Loan: No      |
| BCP Renaissance Parent LLC                                                   | BCP RENAISSANCE PARENT                                                          | CUSIP: 05549PAG6<br>LEI: 549300GVXMQFQZDSJR97 | Long             | LON              | CORP              | US        |    250465 | PA      | $250542.95    | 0.01%             | 2028-10-31      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| Vector WP Holdco INC                                                         | Vector WP HoldCo Inc                                                            | CUSIP: 92243EAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2531036 | PA      | $2499398.54   | 0.11%             | 2028-10-12      | Floating      | 9.44%                 | No            |                  2 | On Loan: No      |
| OXFORD LANE CAPITAL CORP                                                     | Oxford Lane Capital Corp                                                        | CUSIP: 691543854<br>LEI: 549300G3KO4JNQQD7Z72 | Long             | EP               | CORP              | US        |    103359 | NS      | $2552967.30   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MLN US HoldCo LLC                                                            | MLN US Holdco LLC                                                               | CUSIP: 55292HAJ2<br>LEI: 549300QKU7NPW6O86862 | Long             | LON              | CORP              | US        |  19121433 | PA      | $47803.58     | 0.00%             | 2027-10-18      | Floating      | 15.20%                | No            |                  3 | On Loan: No      |
| BROWN GROUP HOLDING LLC                                                      | BROWN GROUP HOLDING LLC                                                         | CUSIP: 11565HAB2<br>LEI: 25490094PF4HHK9QS109 | Long             | LON              | CORP              | US        |   5069746 | PA      | $5052544.17   | 0.22%             | 2031-07-01      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                                                    | Anchorage Capital Clo 11 Ltd                                                    | CUSIP: 03330NAW4<br>LEI: 549300NPGT86ACOLIL14 | Long             | ABS-CBDO         | CORP              | KY        |  10000000 | PA      | $10043081.00  | 0.43%             | 2037-07-22      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Petco Health and Wellness Company Inc                                        | Petco Health & Wellness Co Inc                                                  | CUSIP: 71601HAB2<br>LEI: 2549007TYGV6RVSE9M61 | Long             | LON              | CORP              | US        |   4285105 | PA      | $3962114.97   | 0.17%             | 2028-03-03      | Floating      | 7.81%                 | No            |                  2 | On Loan: No      |
| HOWDEN GROUP HOLDINGS LT                                                     | HOWDEN GROUP HOLDINGS LTD                                                       | CUSIP: 000000000<br>LEI: 875500V3HPKZIQP10J32 | Long             | LON              | CORP              | GB        |    650000 | PA      | $651422.20    | 0.03%             | 2030-04-18      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| Maverick Gaming LLC                                                          | MAVERICK GAMING LLC                                                             | CUSIP: 57770JAD8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4172784 | PA      | $3745073.43   | 0.16%             | 2028-06-03      | Floating      | 11.78%                | No            |                  3 | On Loan: No      |
| Sierra Receivables Funding Co                                                | Sierra Timeshare 2023-2 Receivables Funding LLC                                 | CUSIP: 82650BAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1231635 | PA      | $1272200.10   | 0.05%             | 2040-04-20      | Fixed         | 9.72%                 | No            |                  2 | On Loan: No      |
| Pegasus Bidco Bv                                                             | PEGASUS BIDCO BV                                                                | CUSIP: 000000000<br>LEI: 254900U303DPAFR7MA71 | Long             | LON              | CORP              | NL        |   4950063 | PA      | $4925312.35   | 0.21%             | 2029-07-12      | Floating      | 7.58%                 | No            |                  3 | On Loan: No      |
| WIN Waste Innovations Holdings Inc                                           | Win Waste Innovations Holdings Inc                                              | CUSIP: 38723BAJ0<br>LEI: 549300DJBUN7Z75R2S83 | Long             | LON              | CORP              | US        |   2127139 | PA      | $2110742.95   | 0.09%             | 2028-03-24      | Floating      | 7.19%                 | No            |                  2 | On Loan: No      |
| Xplore Inc                                                                   | XPLORE INC                                                                      | CUSIP: 000000000<br>LEI: 254900V3NB5MGOZS4O08 | Long             | LON              | CORP              | CA        |    795229 | PA      | $760772.01    | 0.03%             | 2029-10-24      | Floating      | 9.59%                 | No            |                  2 | On Loan: No      |
| Camelot US Acquisition I Co                                                  | CAMELOT US ACQUISITION LLC                                                      | CUSIP: 000000000<br>LEI: 549300U6VBJHQP2SFL81 | Long             | LON              | CORP              | US        |   3138358 | PA      | $3134434.60   | 0.13%             | 2031-01-31      | Floating      | 7.08%                 | No            |                  3 | On Loan: No      |
| Madison Park Funding Ltd                                                     | Madison Park Funding LIX Ltd                                                    | CUSIP: 55822EAN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  11000000 | PA      | $11034197.90  | 0.47%             | 2037-04-18      | Floating      | 6.19%                 | No            |                  2 | On Loan: No      |
| CAMPFIRE TOPCO LTD                                                           | CAMPFIRE TOPCO LTD                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | N/A       |   4988976 | NS      | $566.47       | 0.00%             |  |  |  | No            |                  3 | 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        |     -1437 | NC      | $-629733.89   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Bain Capital Credit CLO, Limit                                               | Bain Capital Credit CLO 2023-3 Ltd                                              | CUSIP: 05682CAC1<br>LEI: 254900QJNS3TYDIDQH27 | Long             | ABS-CBDO         | CORP              | JE        |  16525000 | PA      | $16640957.58  | 0.71%             | 2036-07-24      | Floating      | 6.98%                 | No            |                  2 | On Loan: No      |
| Atlas Senior Loan Fund LTD                                                   | Atlas Senior Loan Fund XXI Ltd                                                  | CUSIP: 04940QAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   5000000 | PA      | $5033980.00   | 0.22%             | 2035-07-20      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| Greywolf CLO Ltd                                                             | GREYWOLF CLO VI Ltd                                                             | CUSIP: 39809GAA3<br>LEI: 5493006V5AX99BBCEZ73 | Long             | ABS-CBDO         | CORP              | KY        |    309605 | PA      | $309300.46    | 0.01%             | 2031-04-26      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| GFL Environmental Services Inc                                               | GFL ENVIRONMENTAL SERVIC                                                        | CUSIP: 36257SAB8<br>LEI: 254900PGDQWC19PRP053 | Long             | LON              | CORP              | US        |   9450000 | PA      | $9402750.00   | 0.40%             | 2032-03-03      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                         | Bank of America Corp                                                            | CUSIP: 06055HAH6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   4690000 | PA      | $4774236.02   | 0.20%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd                                                       | Canyon Capital CLO 2019-1 Ltd                                                   | CUSIP: 13887TAW7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  11500000 | PA      | $11522070.80  | 0.49%             | 2037-07-15      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| MPH Acquisition Holdings LLC                                                 | MPH ACQUISITION HOLDINGS LLC                                                    | CUSIP: 55328HAP6<br>LEI: 5493002WXOPRPTXWTU06 | Long             | LON              | CORP              | US        |   6486948 | PA      | $6373426.41   | 0.27%             | 2030-12-31      | Floating      | 8.03%                 | No            |                  2 | On Loan: No      |
| Red Planet Borrower LLC                                                      | Red Planet Borrower LLC                                                         | CUSIP: 57165KAB2<br>LEI: 254900LGTHBRY5NA0C90 | Long             | LON              | CORP              | US        |   5406109 | PA      | $5360157.25   | 0.23%             | 2028-10-02      | Floating      | 8.18%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners 32                                               | Octagon Investment Partners 32 Ltd                                              | CUSIP: 67573CAW9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   7600000 | PA      | $7636848.60   | 0.33%             | 2037-10-31      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| WEC Us Holdings Ltd.                                                         | WEC US HOLDINGS INC                                                             | CUSIP: 92943LAC4<br>LEI: 5493002M6GRSU1IWMG57 | Long             | LON              | CORP              | US        |   2039849 | PA      | $2035131.14   | 0.09%             | 2031-01-27      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| UNITED GROUP BV                                                              | United Group BV                                                                 | CUSIP: 000000000<br>LEI: 213800PC85O8BJ7DU398 | Long             | DBT              | CORP              | NL        |   4000000 | PA      | $4553154.50   | 0.19%             | 2029-02-01      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| Arcis Golf LLC                                                               | ARCIS GOLF LLC                                                                  | CUSIP: 000000000<br>LEI: 254900ZMGXNNIX4SXQ48 | Long             | LON              | CORP              | US        |    551250 | PA      | $549530.10    | 0.02%             | 2028-11-24      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Covanta Holding Corporation                                                  | REWORLD HOLDING CORP                                                            | CUSIP: 22282GAN7<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | LON              | CORP              | US        |    171931 | PA      | $171716.42    | 0.01%             | 2028-11-30      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Geon Performance Solutions LLC                                               | GEON PERFORMANCE SOLUTIO                                                        | CUSIP: 37254YAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6204578 | PA      | $5987418.13   | 0.26%             | 2028-08-18      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Accelerated Health Systems LLC                                               | Accelerated Health Systems LLC                                                  | CUSIP: 04747LAM5<br>LEI: 549300FAKU4HJQC25564 | Long             | LON              | CORP              | US        |   8738170 | PA      | $5301159.41   | 0.23%             | 2029-02-15      | Floating      | 8.70%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                                                     | Sinclair Television Group Inc                                                   | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200199.42    | 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        |   3250000 | PA      | $3251787.50   | 0.14%             | 2028-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Cent CLO LP                                                                  | Columbia Cent CLO 29 Ltd                                                        | CUSIP: 197363AY0<br>LEI: 549300CTF5B701OF6K35 | Long             | ABS-CBDO         | CORP              | KY        |  15000000 | PA      | $15007498.50  | 0.64%             | 2034-10-20      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| Radiate Holdco LLC                                                           | Radiate Holdco LLC                                                              | CUSIP: 75025KAH1<br>LEI: 5493000GQJ5RDX9DNJ71 | Long             | LON              | CORP              | US        |   7829211 | PA      | $6866217.90   | 0.29%             | 2026-09-25      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |
| Apro LLC                                                                     | APRO LLC                                                                        | CUSIP: 03834XAP8<br>LEI: 549300HALLMPVGYAKP14 | Long             | LON              | CORP              | US        |   4537778 | PA      | $4515089.15   | 0.19%             | 2031-07-09      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| Ineos Finance PLC                                                            | INEOS US FINANCE LLC                                                            | CUSIP: 000000000<br>LEI: 5493008MHJ4R367SNK31 | Long             | LON              | CORP              | US        |   5879517 | PA      | $5666384.68   | 0.24%             | 2030-02-18      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| Expand Energy Corp                                                           | Expand Energy Corp                                                              | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |     22789 | NS      | $2646486.57   | 0.11%             |  |  |  | Yes           |                  1 | On Loan: No      |
| EAGLE POINT CREDIT CO                                                        | Eagle Point Credit Co Inc                                                       | CUSIP: 269809414<br>LEI: 549300H82HTZTPXB6822 | Long             | EP               | CORP              | US        |     89625 | NS      | $2222700.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PPM CLO 2 Ltd.                                                               | PPM CLO 2 Ltd                                                                   | CUSIP: 69377PAW4<br>LEI: 549300JBW1DIZLGMSY83 | Long             | ABS-CBDO         | CORP              | KY        |   3250000 | PA      | $3269012.83   | 0.14%             | 2037-04-16      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| Opal Us LLC                                                                  | OPAL US LLC                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6190000 | PA      | $6194642.50   | 0.26%             | 2032-04-23      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| MH Sub I LLC                                                                 | MH SUB I LLC                                                                    | CUSIP: 45567YAP0<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |   4235035 | PA      | $3822999.74   | 0.16%             | 2031-12-31      | Floating      | 8.58%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL PARK HLDGS BV                                                  | INTERNATIONAL PARK HLDGS BV                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8325000 | PA      | $9245192.93   | 0.40%             | 2031-12-31      | Floating      | 0.01%                 | No            |                  3 | On Loan: No      |
| MPH Acquisition Holdings LLC                                                 | MPH ACQUISITION HOLDINGS LLC                                                    | CUSIP: 55328HAQ4<br>LEI: 5493002WXOPRPTXWTU06 | Long             | LON              | CORP              | US        |   4625000 | PA      | $4035312.50   | 0.17%             | 2030-12-31      | Floating      | 9.14%                 | No            |                  2 | On Loan: No      |
| Phoenix Guarantor Inc                                                        | PHOENIX GUARANTOR INC                                                           | CUSIP: 71913BAK8<br>LEI: 254900JIOIDL3GSUFE55 | Long             | LON              | CORP              | US        |   9859291 | PA      | $9860661.92   | 0.42%             | 2031-02-21      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| PVKG Intermediate Holdings Inc(                                              | CONVERGEONE HOLDINGS INC                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3482786 | PA      | $2089671.65   | 0.09%             | 2030-06-04      | Floating      | 10.07%                | No            |                  2 | On Loan: No      |
| AssuredPartners Inc.                                                         | ASSUREDPARTNERS INC                                                             | CUSIP: 04621HAW3<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | LON              | CORP              | US        |   4199937 | PA      | $4204532.21   | 0.18%             | 2031-02-14      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| Univision Communications Inc                                                 | Univision Communications Inc                                                    | CUSIP: 914908BB3<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |   5317257 | PA      | $5131153.13   | 0.22%             | 2029-01-31      | Floating      | 7.69%                 | No            |                  3 | On Loan: No      |
| Nouryon Finance BV                                                           | NOURYON FINANCE BV                                                              | CUSIP: 000000000<br>LEI: 549300GD4NJGLPVYB245 | Long             | LON              | CORP              | NL        |   6661327 | PA      | $6665489.89   | 0.28%             | 2028-04-03      | Floating      | 7.51%                 | No            |                  2 | On Loan: No      |
| Sixth Street CLO XVI, Ltd.                                                   | Sixth Street CLO XVI Ltd                                                        | CUSIP: 83012DAU7<br>LEI: 549300YD05LZSDNMVF16 | Long             | ABS-CBDO         | CORP              | KY        |  17200000 | PA      | $17327285.16  | 0.74%             | 2037-01-20      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| SOUND INPATIENT PHYSICIANS INC- Class A2                                     | SOUND INPATIENT PHYSICIANS INC- Class A2                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    454115 | NS      | $449573.51    | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| Madison Iaq LLC                                                              | MADISON IAQ LLC                                                                 | CUSIP: 55759VAD0<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |   7850000 | PA      | $7847197.55   | 0.34%             | 2032-05-06      | Floating      | 7.51%                 | No            |                  2 | On Loan: No      |
| Covanta Holding Corporation                                                  | REWORLD HOLDING CORP                                                            | CUSIP: 22282GAM9<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | LON              | CORP              | US        |   2232306 | PA      | $2229516.08   | 0.10%             | 2028-11-30      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Xplornet - Contingent Value Rights                                           | Xplornet - Contingent Value Rights                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11734 | NS      | $1.17         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Wellfleet CLO Ltd                                                            | Wellfleet CLO 2021-2 Ltd                                                        | CUSIP: 95023AAC4<br>LEI: 2549005MTORTL04RYQ32 | Long             | ABS-CBDO         | CORP              | KY        |   2850000 | PA      | $2864648.72   | 0.12%             | 2034-07-15      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| HERITAGE PWR LLC                                                             | HERITAGE PWR LLC                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8021 | NS      | $455191.75    | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Dun & Bradstreet Corporation (The)                                           | DUN & BRADSTREET CORP                                                           | CUSIP: 26483NAW0<br>LEI: RI37BMPWE56BCJ747E14 | Long             | LON              | CORP              | US        |   5197500 | PA      | $5194901.25   | 0.22%             | 2029-01-18      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| Swf Holdings I Corp.                                                         | SWF HOLDINGS I CORP                                                             | CUSIP: 000000000<br>LEI: 5493000CMZKPQ7BKPB20 | Long             | LON              | CORP              | US        |   1564286 | PA      | $1556464.28   | 0.07%             | 2029-12-18      | Floating      | 8.83%                 | No            |                  2 | On Loan: No      |
| Zellis Cost Management                                                       | ZELIS PAYMENTS BUYER INC                                                        | CUSIP: 98932TAG8<br>LEI: 549300U8NGLZN5R1Y309 | Long             | LON              | CORP              | US        |   7027462 | PA      | $6963779.35   | 0.30%             | 2029-09-28      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                        | Level 3 Financing Inc                                                           | CUSIP: 527298CH4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $839260.61    | 0.04%             | 2031-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Quartz AcquireCo LLC                                                         | QUARTZ ACQUIRECO LLC                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1770506 | PA      | $1772719.46   | 0.08%             | 2030-06-28      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| ROCC Trust                                                                   | ROCK Trust 2024-CNTR                                                            | CUSIP: 74970WAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $5222819.00   | 0.22%             | 2041-11-13      | Fixed         | 8.82%                 | No            |                  2 | On Loan: No      |
| Doncasters US Finance LLC                                                    | DONCASTERS US FINANCE LLC                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7494300 | PA      | $7400621.25   | 0.32%             | 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       |   3137277 | PA      | $3145120.19   | 0.13%             | 2027-05-25      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Natel Engineering Company Inc                                                | Natel Engineering Co Inc                                                        | CUSIP: 63229BAD0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6266849 | PA      | $5640163.91   | 0.24%             | 2026-04-30      | Floating      | 10.69%                | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                             | CSC Holdings LLC                                                                | CUSIP: 126307BD8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    700000 | PA      | $323447.54    | 0.01%             | 2030-12-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP INC                                                                | Citigroup Inc                                                                   | CUSIP: 172967PK1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   9870000 | PA      | $9998102.50   | 0.43%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Pasadena Performance Products LLC                                            | PASADENA PERFORMANCE PRODUCTS LLC                                               | CUSIP: 70230EAB0<br>LEI: 5493005DW01M0N2KWP70 | Long             | LON              | CORP              | US        |   1725000 | PA      | $1721765.63   | 0.07%             | 2032-02-27      | Floating      | 7.75%                 | No            |                  2 | On Loan: No      |
| Genesys Cloud Services Holdings II LLC (f/k/a Greeneden US Holdings II LLC)  | GENESYS CLOUD SERVICES                                                          | CUSIP: 39479UAY9<br>LEI: 254900CRMBG6WX4HX396 | Long             | LON              | CORP              | US        |   8802938 | PA      | $8767725.75   | 0.37%             | 2032-01-30      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| HERITAGE PWR LLC                                                             | HERITAGE PWR LLC                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    209883 | NS      | $104941.50    | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Life Time Inc (f/k/a Life Time Fitness Inc)                                  | LIFE TIME INC                                                                   | CUSIP: 50218KAM0<br>LEI: 549300PALKE96VYH4X17 | Long             | LON              | CORP              | US        |   4164562 | PA      | $4160223.03   | 0.18%             | 2031-11-05      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| PMT CREDIT RISK TRANSFER TRUST                                               | PMT Credit Risk Transfer Trust 2024-1R                                          | CUSIP: 73015AAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4489847 | PA      | $4576630.88   | 0.20%             | 2033-05-25      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| Starwood Property Mortgage LLC                                               | STARWOOD PROPERTY MORTGAGE LLC                                                  | CUSIP: 85570DAK8<br>LEI: 5493008SB15CNJRIOK13 | Long             | LON              | CORP              | US        |   1574389 | PA      | $1578325.05   | 0.07%             | 2027-11-18      | Floating      | 6.58%                 | No            |                  3 | On Loan: No      |
| Nouryon Finance BV                                                           | NOURYON FINANCE BV                                                              | CUSIP: 000000000<br>LEI: 549300GD4NJGLPVYB245 | Long             | LON              | CORP              | NL        |   3081136 | PA      | $3084987.77   | 0.13%             | 2028-04-03      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| Trulite Holding Corp.                                                        | TRULITE GLASS & ALUMINUM SOLUTIONS LLC                                          | CUSIP: 89789MAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4001797 | PA      | $3821716.31   | 0.16%             | 2030-03-01      | Floating      | 10.29%                | No            |                  3 | On Loan: No      |
| Imagine Learning LLC                                                         | WELD NORTH EDUCATION LLC                                                        | CUSIP: 94935RAF0<br>LEI: 254900W855WLN58WNJ32 | Long             | LON              | CORP              | US        |   3935250 | PA      | $3883107.94   | 0.17%             | 2029-12-21      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                                                           | Howard Hughes Corp/The                                                          | CUSIP: 44267DAF4<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |   1745000 | PA      | $1585580.03   | 0.07%             | 2031-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| EXAMWORKS BIDCO INC                                                          | EXAMWORKS BIDCO INC                                                             | CUSIP: 28542CAC3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4700000 | PA      | $4704408.60   | 0.20%             | 2028-11-01      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| Pregis Topco LLC                                                             | PREGIS TOPCO LLC                                                                | CUSIP: 74045BAG2<br>LEI: 549300LJXHJYHS1GM034 | Long             | LON              | CORP              | US        |   4351127 | PA      | $4352941.73   | 0.19%             | 2029-02-28      | Floating      | 8.33%                 | No            |                  2 | On Loan: No      |
| Chart Industries, Inc.                                                       | Chart Indus 03/18/30                                                            | CUSIP: 16115EAT4<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | LON              | CORP              | US        |   6389413 | PA      | $6389412.77   | 0.27%             | 2030-03-15      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| Inmar Inc                                                                    | INMAR INC                                                                       | CUSIP: 45763FAT5<br>LEI: 549300N1ML5MXXFIDZ25 | Long             | LON              | CORP              | US        |   5978367 | PA      | $5993313.34   | 0.26%             | 2031-10-25      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners 42                                               | Octagon Investment Partners 42 Ltd                                              | CUSIP: 67576PBC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   8100000 | PA      | $8114986.62   | 0.35%             | 2037-07-15      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| ZAIS CLO 3, LTD                                                              | Zais CLO 3 Ltd                                                                  | CUSIP: 98887HAL8<br>LEI: 549300SYHU0CNKIXQ691 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1508459.85   | 0.06%             | 2031-07-15      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| Flutter Entertainment Public Limited Company                                 | FLUTTER FINANCING BV                                                            | CUSIP: 000000000<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |   2125000 | PA      | $2117031.25   | 0.09%             | 2032-05-22      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| Flutter Entertainment Public Limited Company                                 | FLUTTER ENTERTAINMENT PLC                                                       | CUSIP: 000000000<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |   5381947 | PA      | $5346065.24   | 0.23%             | 2030-11-30      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                             | CSC Holdings LLC                                                                | CUSIP: 126307BB2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $137435.11    | 0.01%             | 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        |   3463650 | PA      | $3039352.78   | 0.13%             | 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        |    567568 | PA      | $559054.06    | 0.02%             | 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        |  44980213 | NS      | $44980213.46  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| LCM Ltd Partnership                                                          | LCM 33 Ltd                                                                      | CUSIP: 50202CAC8<br>LEI: 5493006LYYH2XWCWW153 | Long             | ABS-CBDO         | CORP              | KY        |   1300000 | PA      | $1303029.00   | 0.06%             | 2034-07-20      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| Sinclair Television Group Inc                                                | SINCLAIR TELEVISION GROU                                                        | CUSIP: 829229AV5<br>LEI: 549300CQGEN0CH65UD62 | Long             | LON              | CORP              | US        |   4629681 | PA      | $3935229.11   | 0.17%             | 2030-12-31      | Floating      | 8.53%                 | No            |                  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        |   6725000 | PA      | $8406.25      | 0.00%             | 2024-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Sound Inpatient Physicians Inc                                               | SOUND INPATIENT PHYSICIANS INC                                                  | CUSIP: 83607JAD3<br>LEI: 54930047QBMPL027P218 | Long             | LON              | CORP              | US        |   3423798 | PA      | $3560749.97   | 0.15%             | 2028-06-28      | Floating      | 11.06%                | No            |                  2 | On Loan: No      |
| AZURIA WATER SOLUTN INC                                                      | AZURIA WATER SOLUTIONS INC                                                      | CUSIP: 000000000<br>LEI: 549300AG3DVJURRIT691 | Long             | LON              | CORP              | US        |    357143 | PA      | $355357.14    | 0.02%             | 2028-05-17      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Synechron Holdings Inc                                                       | SYNECHRON INC                                                                   | CUSIP: 87168HAE7<br>LEI: 549300MUU3E8J6UT8E60 | Long             | LON              | CORP              | US        |   5025000 | PA      | $5012437.50   | 0.21%             | 2031-09-26      | Floating      | 8.03%                 | No            |                  3 | On Loan: No      |
| Xplore Inc                                                                   | XPLORE INC                                                                      | CUSIP: 000000000<br>LEI: 254900V3NB5MGOZS4O08 | Long             | LON              | CORP              | CA        |   2746291 | PA      | $2135240.98   | 0.09%             | 2031-10-24      | Floating      | 6.09%                 | No            |                  3 | On Loan: No      |
| TORONTO-DOMINION BANK                                                        | Toronto-Dominion Bank/The                                                       | CUSIP: 89116CKP1<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |  30255000 | PA      | $30820874.39  | 1.32%             | 2084-07-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| Kuehg Corp.                                                                  | KUEHG CORP                                                                      | CUSIP: 50118YAG4<br>LEI: 549300YNT566T1NYJX62 | Long             | LON              | CORP              | US        |   4765369 | PA      | $4778474.08   | 0.20%             | 2030-06-12      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                                                       | FIRST BRANDS GROUP LLC                                                          | CUSIP: 31935HAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  10730000 | PA      | $9657000.00   | 0.41%             | 2028-03-30      | Floating      | 13.04%                | No            |                  2 | On Loan: No      |
| Elevation CLO Ltd                                                            | Elevation CLO 2020-11 Ltd                                                       | CUSIP: 28621YAS4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   8125000 | PA      | $8142306.25   | 0.35%             | 2037-10-15      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| Hunter Douglas Holding BV                                                    | HUNTER DOUGLAS INC                                                              | CUSIP: 000000000<br>LEI: 529900811T142NS3H544 | Long             | LON              | CORP              | US        |   5610938 | PA      | $5512746.09   | 0.24%             | 2032-01-17      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| Hyster Yale Group Inc                                                        | Hyster-Yale Group Inc                                                           | CUSIP: 44932EAD2<br>LEI: 549300YQQLNL8QCBYH04 | Long             | LON              | CORP              | US        |   4329959 | PA      | $4300190.69   | 0.18%             | 2028-05-26      | Floating      | 7.94%                 | No            |                  2 | On Loan: No      |
| Veritiv Operating Co                                                         | VERITIV OPERATING CO                                                            | CUSIP: 92338TAB2<br>LEI: 5493004G8OK5L1UTIY12 | Long             | LON              | CORP              | US        |   3391479 | PA      | $3389782.96   | 0.14%             | 2030-11-29      | Floating      | 8.26%                 | No            |                  2 | On Loan: No      |
| Brookfield Property Reit Inc                                                 | BPR Nimbus LLC                                                                  | CUSIP: 11283HAB3<br>LEI: 5493006ZQ6LH85EKNL31 | Long             | LON              | CORP              | US        |  19160523 | PA      | $19136572.25  | 0.82%             | 2025-08-27      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T                                                     | Diversified Healthcare Trust                                                    | CUSIP: 25525PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     19000 | PA      | $19002.17     | 0.00%             | 2025-06-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Maverick Gaming LLC                                                          | MAVERICK GAMING LLC                                                             | CUSIP: 57770JAE6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7574134 | PA      | $3635584.16   | 0.16%             | 2028-06-05      | Floating      | 11.81%                | No            |                  3 | On Loan: No      |
| Sinclair Television Group Inc                                                | SINCLAIR TELEVISION GROU                                                        | CUSIP: 829229AU7<br>LEI: 549300CQGEN0CH65UD62 | Long             | LON              | CORP              | US        |    280000 | PA      | $238000.00    | 0.01%             | 2029-12-31      | Floating      | 7.74%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                                                       | First Brands Group LLC                                                          | CUSIP: 31935HAG2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2208920 | PA      | $2129951.27   | 0.09%             | 2027-03-30      | Floating      | 9.54%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                          | American Express Co                                                             | CUSIP: 025816CH0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |  11065000 | PA      | $10715553.21  | 0.46%             | N/A             | Fixed         | 3.55%                 | Yes           |                  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        |    275213 | NS      | $1926491.00   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                             | CSC Holdings LLC                                                                | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $102124.81    | 0.00%             | 2030-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Alterra Mountain Company                                                     | ALTERRA MOUNTAIN COMPANY                                                        | CUSIP: 46124CAR8<br>LEI: 549300C5O4FSVNUEI843 | Long             | LON              | CORP              | US        |   1069632 | PA      | $1069631.72   | 0.05%             | 2030-05-31      | Floating      | 7.32%                 | No            |                  3 | On Loan: No      |
| Construction Partners Inc                                                    | CONSTRUCTION PARTNERS INC                                                       | CUSIP: 21043XAH5<br>LEI: 549300MHLFL4E8JLZU44 | Long             | LON              | CORP              | US        |   4987500 | PA      | $4987500.00   | 0.21%             | 2031-11-03      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| Sound Inpatient Physicians Inc                                               | SOUND INPATIENT PHYSICIANS INC                                                  | CUSIP: 83607JAE1<br>LEI: 54930047QBMPL027P218 | Long             | LON              | CORP              | US        |   6323245 | PA      | $5975466.30   | 0.26%             | 2028-06-28      | Floating      | 9.56%                 | No            |                  2 | On Loan: No      |
| Tronox Finance LLC                                                           | TRONOX FINANCE LLC                                                              | CUSIP: 89705DAP7<br>LEI: 549300LMZ1DX1PWSP524 | Long             | LON              | CORP              | US        |   1160534 | PA      | $1130940.43   | 0.05%             | 2031-09-30      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| Entain PLC                                                                   | ENTAIN PLC                                                                      | CUSIP: 36270BAC6<br>LEI: 213800GNI3K45LQR8L28 | Long             | LON              | CORP              | IM        |   7685050 | PA      | $7707467.02   | 0.33%             | 2029-10-31      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                                            | EURO-BUND                                                                       | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |        -7 | NC      | $9133.46      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                       | Venture Global LNG Inc                                                          | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   8680000 | PA      | $8216672.11   | 0.35%             | N/A             | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Jefferies Finance LLC                                                        | JEFFERIES FINANCE LLC                                                           | CUSIP: 000000000<br>LEI: 549300SKVB18YSSIDT75 | Long             | LON              | CORP              | US        |   6094375 | PA      | $6071521.09   | 0.26%             | 2031-10-21      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                                             | CSC Holdings LLC                                                                | CUSIP: 64072UAM4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |   8995943 | PA      | $8827269.04   | 0.38%             | 2028-01-18      | Floating      | 8.83%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc                                          | CLYDESDALE ACQUISITION                                                          | CUSIP: 18972FAC6<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |   5138792 | PA      | $5114932.31   | 0.22%             | 2029-04-13      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                                                       | First Brands Group LLC                                                          | CUSIP: 31935HAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5520803 | PA      | $5320674.23   | 0.23%             | 2027-03-30      | Floating      | 9.54%                 | No            |                  2 | On Loan: No      |
| PCI GAMING AUTHORITY                                                         | PCI GAMING AUTHORITY                                                            | CUSIP: 70455DAG9<br>LEI: 549300KPXAJ1LRW5LP59 | Long             | LON              | CORP              | US        |   3110379 | PA      | $3102603.08   | 0.13%             | 2031-07-21      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| Alliance Laundry Systems LLC                                                 | ALLIANCE LAUNDRY SYSTEMS LLC                                                    | CUSIP: 01862LBA5<br>LEI: 549300YBOGK6MBI5ND34 | Long             | LON              | CORP              | US        |   6750000 | PA      | $6749061.75   | 0.29%             | 2031-08-19      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| IVC Acquisition Ltd                                                          | VETSTRATEGY CANADA HOLDINGS INC                                                 | CUSIP: 000000000<br>LEI: 254900WZMD2JOGND1Z32 | Long             | LON              | CORP              | CA        |   6084635 | PA      | $6109989.44   | 0.26%             | 2028-12-12      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| Recess Holdings Inc                                                          | RECESS HOLDINGS INC                                                             | CUSIP: 72811HAJ9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3464806 | PA      | $3460475.27   | 0.15%             | 2030-02-20      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| Victory Buyer LLC                                                            | Victory Buyer LLC                                                               | CUSIP: 92643PAB0<br>LEI: 549300G9TEUHGC81N056 | Long             | LON              | CORP              | US        |   5646773 | PA      | $5540895.60   | 0.24%             | 2028-11-19      | Floating      | 8.19%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                     | USD/GBP FORWARD                                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-23975.89    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Quimper AB                                                                   | QUIMPER AB                                                                      | CUSIP: 000000000<br>LEI: 549300EI2YNCQDXVO313 | Long             | LON              | CORP              | SE        |   4500000 | PA      | $5129748.50   | 0.22%             | 2030-03-29      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| AMG Advanced Metallurgical Group NV                                          | AMG Advanced Metallurgical Group NV                                             | CUSIP: 000000000<br>LEI: 5493006MN6OH67U2YI74 | Long             | LON              | CORP              | NL        |   4701407 | PA      | $4595624.99   | 0.20%             | 2028-11-30      | Floating      | 7.94%                 | No            |                  2 | On Loan: No      |
| Connect US Finco LLC                                                         | CONNECT FINCO SARL                                                              | CUSIP: 000000000<br>LEI: 2594001KNYIQ456J2792 | Long             | LON              | CORP              | LU        |    965071 | PA      | $879180.03    | 0.04%             | 2029-09-27      | Floating      | 8.83%                 | No            |                  2 | On Loan: No      |
| BMC Software (Boxer/ Bladelogic)                                             | BMC SOFTWARE INC                                                                | CUSIP: 05988HAQ0<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |   5556945 | PA      | $5513723.50   | 0.24%             | 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        |     20453 | NS      | $2656910.15   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Ineos US Petrochem LLC                                                       | INEOS US Petrochem LLC                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2554500 | PA      | $2303308.35   | 0.10%             | 2030-03-14      | Floating      | 8.18%                 | No            |                  2 | On Loan: No      |
| RADIATE HOLDCO / FINANCE                                                     | Radiate Holdco LLC / Radiate Finance Inc                                        | CUSIP: 75026JAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $171470.98    | 0.01%             | 2026-09-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Madison Safety & Flow LLC                                                    | MADISON SAFETY & FLOW                                                           | CUSIP: 55822DAM3<br>LEI: 5493007D2J7BBIFYBY65 | Long             | LON              | CORP              | US        |   3459246 | PA      | $3460688.44   | 0.15%             | 2031-09-26      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| Crown Subsea Communications Holding Inc                                      | CROWN SUBSEA COMMUNICATI                                                        | CUSIP: 22860EAJ1<br>LEI: 5493003AYLUE132FIO27 | Long             | LON              | CORP              | US        |   7615400 | PA      | $7640782.13   | 0.33%             | 2031-01-30      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| PMT CREDIT RISK TRANSFER TRUST                                               | PMT Credit Risk Transfer Trust 2024-2R                                          | CUSIP: 69391NAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8173599 | PA      | $8316626.18   | 0.36%             | 2027-03-29      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                     | GBP/USD FORWARD                                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $29444.37     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Battalion CLO LTD                                                            | Battalion CLO XI Ltd                                                            | CUSIP: 07132LAN9<br>LEI: 549300O0R7FIDPTPCK50 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5017399.50   | 0.21%             | 2034-04-24      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| Zayo Group Holdings Inc                                                      | Zayo Group Holdings Inc                                                         | CUSIP: 98919XAB7<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |   1840000 | PA      | $1751220.00   | 0.07%             | 2027-03-09      | Floating      | 7.44%                 | No            |                  2 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T                                                     | Diversified Healthcare Trust                                                    | CUSIP: 25525PAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7519000 | PA      | $6204846.05   | 0.27%             | 2031-03-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CARLYLE CREDIT INCOME                                                        | Carlyle Credit Income Fund                                                      | CUSIP: 92535C500<br>LEI: 549300LVMWHJGZNVXZ22 | Long             | EP               | CORP              | US        |     49866 | NS      | $1274076.30   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Qualitytech, LP                                                              | QUALITYTECH LP                                                                  | CUSIP: 74758JAB3<br>LEI: 549300GWD2FYVWRWCZ90 | Long             | LON              | CORP              | US        |   8400000 | PA      | $8337000.00   | 0.36%             | 2031-11-04      | Floating      | 7.83%                 | No            |                  3 | On Loan: No      |
| Glatfelter Corporation                                                       | TREASURE HOLDCO INC                                                             | CUSIP: 89458XAB3<br>LEI: 549300LDQLQBT38QDY28 | Long             | LON              | CORP              | US        |   2793000 | PA      | $2703973.13   | 0.12%             | 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        |    456793 | NS      | $119999.51    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                                                  | Allied Universal Holdco LLC                                                     | CUSIP: 01957TAH0<br>LEI: 98450038B4549046D794 | Long             | LON              | CORP              | US        |   7874129 | PA      | $7881019.04   | 0.34%             | 2028-05-12      | Floating      | 8.18%                 | No            |                  2 | On Loan: No      |
| Graftech Global Enterprises Inc                                              | GRAFTECH GLOBAL ENTERPRI                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6840553 | PA      | $6806350.42   | 0.29%             | 2029-11-11      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| RC Buyer Inc                                                                 | Rough Country LLC                                                               | CUSIP: 74934KAC5<br>LEI: 549300ULXHJ9CR0QDU59 | Long             | LON              | CORP              | US        |   1769285 | PA      | $1724167.86   | 0.07%             | 2028-07-28      | Floating      | 7.94%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED SECURITIES (NORTH AMERICA) LLC                            | USD/GBP FORWARD                                                                 | CUSIP: 000000000<br>LEI: 5493003GCX71N8988W38 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-203550.27   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| QXO Building Products Inc (f/k/a Beacon Roofing Supply Inc.)                 | QXO INC                                                                         | CUSIP: 07368RAJ0<br>LEI: 549300HDXQWWCBOYXP31 | Long             | LON              | CORP              | US        |   2175000 | PA      | $2184063.23   | 0.09%             | 2032-04-30      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                | Citigroup Inc                                                                   | CUSIP: 17327CAV5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  15435000 | PA      | $15558512.55  | 0.67%             | N/A             | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Azorra Soar TLB FInance Limited                                              | AZORRA SOAR TLB FINANCE LTD                                                     | CUSIP: 000000000<br>LEI: 254900W0D3E1W7DRS089 | Long             | LON              | CORP              | KY        |   4582970 | PA      | $4577241.29   | 0.20%             | 2029-10-18      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| Cedar Fair LP                                                                | CEDAR FAIR LP                                                                   | CUSIP: 15018LAN1<br>LEI: 529900AS2CYWYFHRS781 | Long             | LON              | CORP              | US        |   2529772 | PA      | $2528983.02   | 0.11%             | 2031-05-01      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| Indy Us Bidco, LLC                                                           | INDY US HOLDCO LLC                                                              | CUSIP: 45674PAR5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7094658 | PA      | $7094658.29   | 0.30%             | 2028-03-06      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| TRONOX INC                                                                   | Tronox Inc                                                                      | CUSIP: 897051AC2<br>LEI: 549300EPZ4YXC7E5P181 | Long             | DBT              | CORP              | US        |    175000 | PA      | $146144.63    | 0.01%             | 2029-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BrewCo Borrower LLC                                                          | CITY BREWING CO LLC                                                             | CUSIP: 10756PAE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   8883866 | PA      | $22209.67     | 0.00%             | 2028-04-05      | Floating      | 9.56%                 | No            |                  2 | On Loan: No      |
| Crosby US Acquisition Corp                                                   | CROSBY US ACQUISITION CORP                                                      | CUSIP: 22739PAP1<br>LEI: 549300V5HSWHDNVOWE35 | Long             | LON              | CORP              | US        |   5826471 | PA      | $5831674.29   | 0.25%             | 2029-08-16      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| Fender Musical Instruments Corporation                                       | Fender Musical Instruments Corp                                                 | CUSIP: 000000000<br>LEI: 549300G8G1R16J8L5Q60 | Long             | LON              | CORP              | US        |   5662432 | PA      | $4997096.07   | 0.21%             | 2028-12-01      | Floating      | 8.43%                 | No            |                  2 | On Loan: No      |
| DANA INC                                                                     | Dana Inc                                                                        | CUSIP: 235825AJ5<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |    680000 | PA      | $635931.74    | 0.03%             | 2032-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BNY Capital Markets, LLC                                                     | EUR/USD FORWARD                                                                 | CUSIP: 000000000<br>LEI: VJW2DOOHGDT6PR0ZRO63 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-121246.90   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Genuine Financial Holdings LLC                                               | HIRERIGHT HOLDINGS CORP                                                         | CUSIP: 37190DAN3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4689878 | PA      | $4584355.43   | 0.20%             | 2030-09-27      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| Hudson River Trading LLC                                                     | HUDSON RIVER TRADING LLC                                                        | CUSIP: 44413EAJ7<br>LEI: 549300SMOBUC8O5UOE10 | Long             | LON              | CORP              | US        |  12002275 | PA      | $12024779.07  | 0.51%             | 2030-03-18      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Lumen Technologies, Inc.                                                     | LUMEN TECHNOLOGIES INC                                                          | CUSIP: 55024EAF2<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | LON              | CORP              | US        |   5039223 | PA      | $4986729.77   | 0.21%             | 2029-04-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Graftech Global Enterprises Inc                                              | GRAFTECH GLOBAL ENTERPRI                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3908888 | PA      | $3889343.10   | 0.17%             | 2029-12-21      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                                                 | AGL CLO 9 LTD                                                                   | CUSIP: 001207AU3<br>LEI: 549300U1G1VA46DEO184 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5024940.00   | 0.21%             | 2037-04-20      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| TK Elevator Midco Gmbh                                                       | TK ELEVATOR US NEWCO INC                                                        | CUSIP: 000000000<br>LEI: 549300C2AFWPAYWS5574 | Long             | LON              | CORP              | US        |  13353507 | PA      | $13372589.33  | 0.57%             | 2030-04-30      | Floating      | 7.24%                 | No            |                  2 | On Loan: No      |
| Azuria Water Solutions Inc                                                   | AEGION CORP                                                                     | CUSIP: 00771PAM3<br>LEI: 549300AG3DVJURRIT691 | Long             | LON              | CORP              | US        |   6611340 | PA      | $6574151.23   | 0.28%             | 2028-05-17      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| Belron Finance US LLC                                                        | BELRON FINANCE 2019 LLC                                                         | CUSIP: 08078UAM5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   9462375 | PA      | $9494906.65   | 0.41%             | 2031-10-16      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc                                          | CLYDESDALE ACQUISITION HOLDINGS INC                                             | CUSIP: 18972FAE2<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |   7223711 | PA      | $7163516.15   | 0.31%             | 2032-03-29      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| Froneri International Limited                                                | FRONERI US INC                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6150000 | PA      | $6133665.60   | 0.26%             | 2031-09-17      | Floating      | 6.24%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Prudential Investment Portfolios, Inc. 14

**Signature:** Christian J. Kelly

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

**Title:** Chief Financial Officer