# EDGAR Filing Document

**Accession Number:** 0001727074
**File Stem:** 0001752724-25-182136
**Filing Date:** 2025-7
**Character Count:** 39821
**Document Hash:** 03c210e22df0157df1d16163c0ba59bc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-182136.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001752724-25-182136

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250530

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PGIM ETF TRUST
- **CENTRAL INDEX KEY:** 0001727074

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23324
- **FILM NUMBER:** 251159859

**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

## Series and Classes Contracts Data

### PGIM Municipal Income Opportunities ETF (Series ID: S000085147)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000250014 | PGIM Municipal Income Opportunities ETF | PMIO            |

## Nport-Ex

### PGIM Municipal Income Opportunities ETF

### 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;**Value** |
| **Long-Term Investments 97.6%** | **Long-Term Investments 97.6%** | **Long-Term Investments 97.6%** | **Long-Term Investments 97.6%** | **Long-Term Investments 97.6%** |
| **Municipal Bonds 96.1%** | **Municipal Bonds 96.1%** | **Municipal Bonds 96.1%** | **Municipal Bonds 96.1%** | **Municipal Bonds 96.1%** |
| **Alabama 4.2%** | **Alabama 4.2%** | **Alabama 4.2%** | **Alabama 4.2%** | **Alabama 4.2%** |
| Black Belt Energy Gas Dist. Rev.,<br> Gas Proj., Series D-1, Rfdg. (Mandatory put date 02/01/29) | 5.500 %(cc) | &nbsp;&nbsp;06/01/49 | 1000 | &nbsp;&nbsp; $1050362 |
| **Colorado 1.9%** | **Colorado 1.9%** | **Colorado 1.9%** | **Colorado 1.9%** | **Colorado 1.9%** |
| Baseline Metropolitan Dist. No. 1,<br> Series A, GO, Rfdg. | 4.250 | &nbsp;&nbsp;12/01/54 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;464190 |
| **District of Columbia 5.4%** | **District of Columbia 5.4%** | **District of Columbia 5.4%** | **District of Columbia 5.4%** | **District of Columbia 5.4%** |
| Dist. of Columbia,<br> Series D, GO | 5.000 | &nbsp;&nbsp;06/01/41 | &nbsp;&nbsp;&nbsp;965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;969882 |
| Metropolitan Washington D.C. Arpt. Auth. Sys. Rev.,<br> Series A, Rfdg., AMT | 5.000 | &nbsp;&nbsp;10/01/34 | &nbsp;&nbsp;&nbsp;360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;382178 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1352060 |
| **Florida 9.1%** | **Florida 9.1%** | **Florida 9.1%** | **Florida 9.1%** | **Florida 9.1%** |
| Capital Tr. Agcy. Rev.,<br> Chrt. Sch. Port. Proj., Sub. Series B, CABS, 144A | 7.530(t) | &nbsp;&nbsp;07/01/61 | 6500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451250 |
| Florida Dev. Fin. Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;GFL Solid Wst. Southeast LLC Proj., Series A, AMT (Mandatory put date 10/01/31), 144A | 4.375(cc) | &nbsp;&nbsp;10/01/54 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;496825 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mater Academy Proj., Series A | 5.000 | &nbsp;&nbsp;06/15/29 | &nbsp;&nbsp;&nbsp;120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123844 |
| &nbsp;&nbsp;&nbsp;&nbsp;River City Science Academy Proj., Series B, Rfdg. | 5.000 | &nbsp;&nbsp;07/01/31 | &nbsp;&nbsp;&nbsp;330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;341128 |
| Vlg. CDD No. 13,<br> 2021 Spl. Assmt., Phase III | 3.250 | &nbsp;&nbsp;05/01/52 | 1200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;848092 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2261139 |
| **Georgia 1.7%** | **Georgia 1.7%** | **Georgia 1.7%** | **Georgia 1.7%** | **Georgia 1.7%** |
| Main Street Natural Gas, Inc. Rev.,<br> Series E (Mandatory put date 12/01/32) | 5.000(cc) | &nbsp;&nbsp;05/01/55 | &nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;417101 |
| **Illinois 10.2%** | **Illinois 10.2%** | **Illinois 10.2%** | **Illinois 10.2%** | **Illinois 10.2%** |
| Chicago O'Hare Int'l. Arpt. Rev.,<br> Series C, Rfdg., AMT | 5.250 | &nbsp;&nbsp;01/01/41 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;523521 |

---

------

### PGIM Municipal Income Opportunities ETF

### 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** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Illinois (cont'd.)** | **Illinois (cont'd.)** | **Illinois (cont'd.)** | **Illinois (cont'd.)** | **Illinois (cont'd.)** |
| Illinois Fin. Auth. Rev.,<br> The Carle Foundation, Series A, Rfdg. | 5.000% | &nbsp;&nbsp;08/15/25 | 1000 | &nbsp;&nbsp; $1003177 |
| Illinois St. Toll Hwy. Auth. Rev.,<br> Toll Hwy., Sr. Rev., Series B | 5.000 | &nbsp;&nbsp;01/01/45 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1010252 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2536950 |
| **Kentucky 8.1%** | **Kentucky 8.1%** | **Kentucky 8.1%** | **Kentucky 8.1%** | **Kentucky 8.1%** |
| Kentucky Asset Liability Commn. Rev.,<br> Series B, Rfdg., AMT | 5.000 | &nbsp;&nbsp;09/01/25 | &nbsp;&nbsp;&nbsp;450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;452033 |
| Kentucky Pub. Energy Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A-1, Rfdg. (Mandatory put date 02/01/32) | 5.250(cc) | &nbsp;&nbsp;04/01/54 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1065374 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, Rfdg. | 5.000 | &nbsp;&nbsp;08/01/25 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500803 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2018210 |
| **Michigan 1.4%** | **Michigan 1.4%** | **Michigan 1.4%** | **Michigan 1.4%** | **Michigan 1.4%** |
| Michigan St. Hosp. Fin. Auth. Rev.,<br> Corewell Hlth., Series B2, Rfdg. (Mandatory put date 06/01/35) | 5.000(cc) | &nbsp;&nbsp;08/15/55 | &nbsp;&nbsp;&nbsp;335 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;361885 |
| **Missouri 2.1%** | **Missouri 2.1%** | **Missouri 2.1%** | **Missouri 2.1%** | **Missouri 2.1%** |
| Missouri Joint Muni. Elec. Util. Commn. Rev.,<br> Iatan 2 Proj., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;12/01/35 | &nbsp;&nbsp;&nbsp;525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;525000 |
| **New Hampshire 9.3%** | **New Hampshire 9.3%** | **New Hampshire 9.3%** | **New Hampshire 9.3%** | **New Hampshire 9.3%** |
| National Fin. Auth. Rev.,<br> Sustainable Cert., Series 1-A, NFA Muni. Cert., ARC70 (Mandatory put date 10/01/34) | 4.150(cc) | &nbsp;&nbsp;10/20/40 | &nbsp;&nbsp;&nbsp;565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;531669 |
| New Hampshire Bus. Fin. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Caldwell Ranch Proj., 144A | 4.875 | &nbsp;&nbsp;12/01/33 | &nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;590821 |
| &nbsp;&nbsp;&nbsp;&nbsp;Silverado Proj., 144A | 5.000 | &nbsp;&nbsp;12/01/28 | &nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247437 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sustainable Bonds, Muni. CTFS, Series 2025-1, Class A-1 | 4.087(cc) | &nbsp;&nbsp;01/20/41 | &nbsp;&nbsp;&nbsp;999 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;940495 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2310422 |
| **New Jersey 0.2%** | **New Jersey 0.2%** | **New Jersey 0.2%** | **New Jersey 0.2%** | **New Jersey 0.2%** |
| Tob. Settlement Fing. Corp. Rev.,<br> Series A, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/29 | &nbsp;&nbsp;&nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51718 |

---

------

### PGIM Municipal Income Opportunities ETF

### 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** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **New York 7.7%** | **New York 7.7%** | **New York 7.7%** | **New York 7.7%** | **New York 7.7%** |
| New York City Hsg. Dev. Corp. Rev.,<br> 8 Spruce Street Proj., Class E, Rfdg. | 4.375% | &nbsp;&nbsp;12/15/43 | &nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp; $253010 |
| New York Liberty Dev. Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank of America Tower at One Bryant Park Proj., Class 2, Rfdg. | 2.625 | &nbsp;&nbsp;09/15/69 | &nbsp;&nbsp;&nbsp;105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92750 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank of America Tower at One Bryant Park Proj., Rfdg. | 2.450 | &nbsp;&nbsp;09/15/69 | 1050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;981073 |
| New York St. Hsg. Fin. Agcy. Rev.,<br> Hsg. 160 W 62nd Street, Series A-2, Rmkt. (Mandatory put date 04/01/32) | 3.600(cc) | &nbsp;&nbsp;11/01/44 | &nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;587263 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1914096 |
| **Oklahoma 4.0%** | **Oklahoma 4.0%** | **Oklahoma 4.0%** | **Oklahoma 4.0%** | **Oklahoma 4.0%** |
| Oklahoma Tpke. Auth. Rev.,<br> Series A, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/42 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1011215 |
| **Oregon 2.6%** | **Oregon 2.6%** | **Oregon 2.6%** | **Oregon 2.6%** | **Oregon 2.6%** |
| Port of Portland Arpt. Rev.,<br> Series 24B, AMT | 5.000 | &nbsp;&nbsp;07/01/37 | &nbsp;&nbsp;&nbsp;650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;651572 |
| **Puerto Rico 1.4%** | **Puerto Rico 1.4%** | **Puerto Rico 1.4%** | **Puerto Rico 1.4%** | **Puerto Rico 1.4%** |
| Puerto Rico Ind. Tourist Edl. Med. & Envirml. Ctl. Facs. Fing. Auth. Rev.,<br> Hosp. Auxilio Mutuo Oblig. Grp. Proj., Rfdg. | 4.000 | &nbsp;&nbsp;07/01/40 | &nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;350404 |
| **Texas 2.4%** | **Texas 2.4%** | **Texas 2.4%** | **Texas 2.4%** | **Texas 2.4%** |
| New Hope Cultrl. Ed. Facs. Fin. Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cardinal Bay Inc., Vlg. on the Park Carriage Inn Proj., Series A-1 | 4.000 | &nbsp;&nbsp;07/01/26 | &nbsp;&nbsp;&nbsp;180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166447 |
| &nbsp;&nbsp;&nbsp;&nbsp;Txbl. Sr. Sanctuary LTC Proj., Series A-2 | 6.500 | &nbsp;&nbsp;01/01/31 | &nbsp;&nbsp;&nbsp;430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;421413 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;587860 |
| **Utah 4.1%** | **Utah 4.1%** | **Utah 4.1%** | **Utah 4.1%** | **Utah 4.1%** |
| Utah Cnty. Rev.,<br> IHC Hlth. Svcs., Inc., Series A | 5.000 | &nbsp;&nbsp;05/15/43 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1019590 |

---

------

### PGIM Municipal Income Opportunities ETF

### 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** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Wisconsin 20.3%** | **Wisconsin 20.3%** | **Wisconsin 20.3%** | **Wisconsin 20.3%** | **Wisconsin 20.3%** |
| Pub. Fin. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Aurora Integrated Oncology Fndtn., Series A, 144A | 10.000% | &nbsp;&nbsp;11/01/38 | 1000 | &nbsp;&nbsp; $1132653 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ku Campus Dev. Corp. Proj. | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;03/01/46 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;987682 |
| &nbsp;&nbsp;&nbsp;&nbsp;Million Air Three LLC Gen. Avtn. Facs. Proj., Series A, Rfdg. AMT, 144A | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;09/01/30 | &nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;304579 |
| &nbsp;&nbsp;&nbsp;&nbsp;Rans Elevon Proj., 144A | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;07/15/30 | &nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;808130 |
| &nbsp;&nbsp;&nbsp;&nbsp;Signorelli Proj., 144A | &nbsp;&nbsp;5.375 | &nbsp;&nbsp;12/15/32 | &nbsp;&nbsp;&nbsp;875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;858255 |
| &nbsp;&nbsp;&nbsp;&nbsp;The Meadows Proj., 144A | &nbsp;&nbsp;5.750 | &nbsp;&nbsp;12/15/33 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;971297 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5062596 |
| **Total Municipal Bonds<br> (cost $24,289,271)** | **Total Municipal Bonds<br> (cost $24,289,271)** | **Total Municipal Bonds<br> (cost $24,289,271)** | **Total Municipal Bonds<br> (cost $24,289,271)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23946370 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Shares** |  |  |
| **Unaffiliated Exchange-Traded Fund 1.5%** | **Unaffiliated Exchange-Traded Fund 1.5%** | **Unaffiliated Exchange-Traded Fund 1.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares National Muni Bond ETF<br> (cost $392,983) | &nbsp;&nbsp;3670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;381130 |  |
| **Total Long-Term Investments<br> (cost $24,682,254)** | **Total Long-Term Investments<br> (cost $24,682,254)** | **Total Long-Term Investments<br> (cost $24,682,254)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24327500 |
| **Short-Term Investment 0.3%** | **Short-Term Investment 0.3%** | **Short-Term Investment 0.3%** |  |
| **Affiliated Mutual Fund** | **Affiliated Mutual Fund** | **Affiliated Mutual Fund** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;PGIM Core Government Money Market Fund (7-day effective yield 4.462%)<br> (cost $76,066)(wb) |  | 76066 |  |
| **TOTAL INVESTMENTS 97.9%<br> (cost $24,758,320)** | **TOTAL INVESTMENTS 97.9%<br> (cost $24,758,320)** | **TOTAL INVESTMENTS 97.9%<br> (cost $24,758,320)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24403566 |
| Other assets in excess of liabilities(z) 2.1% | Other assets in excess of liabilities(z) 2.1% | Other assets in excess of liabilities(z) 2.1% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;531150 |
| **Net Assets 100.0%** | **Net Assets 100.0%** | **Net Assets 100.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$24934716 |

---

------

### PGIM Municipal Income Opportunities ETF

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

------

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

---

| |
|:---|
| 144A—Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, pursuant to the requirements of Rule 144A, may not be resold except to qualified institutional buyers. |
| AMT—Alternative Minimum Tax |
| CABS—Capital Appreciation Bonds |
| CDD—Community Development District |
| ETF—Exchange-Traded Fund |
| GO—General Obligation |
| RANS—Revenue Anticipation Notes |
| Rfdg—Refunding |

---

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

(cc) Variable rate instrument. The rate shown is based on the latest available information as of May 31, 2025. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description.

(t) Represents zero coupon. Rate quoted represents effective yield at May 31, 2025.

(wb) Represents an investment in a Fund affiliated with the Manager.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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)** |
| **Short Position:** | **Short Position:** | **Short Position:** | **Short Position:** | **Short Position:** |
| 1 | 30 Year U.S. Ultra Treasury Bonds | Sep. 2025 | $116063 | $(2001) |

---

*Other information regarding the Fund is available in the Fund's most recent Report to Shareholders. This information is available on the Securities and Exchange Commission's website (www.sec.gov).*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Newark

  - **State:** NJ

  - **Foreign country:** US

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

  - **Telephone number:** 888-247-8090

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

- **a. Name of Series:** PGIM Municipal Income Opportunities ETF

- **b. EDGAR series identifier (if any):** S000085147

- **c. LEI of Series:** 529900XTSHLNSZDVD603

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $24943428.16

**Total Liabilities:** $5572.33

**Net Assets:** $24937855.83

**Cash Not Reported:** $222810.75

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 74.50467000 | **1-Year:** 907.78921000 | **5-Year:** 4062.09284000 | **10-Year:** 7749.39073000 | **30-Year:** 1692.61280000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 244.95386000 | **10-Year:** 32.77160000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000250014 | -0.83%               | -0.71%               | 0.50%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $7022.24                 | $-306953.76                                |
| Month 2  | $-53523.46               | $-244565.21                                |
| Month 3  | $-19809.17               | $44454.73                                  |

**Designated Index Information**

- **Index Name:** PGIM Municipal Income Opportunities - 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.      | US ULTRA BOND CBT                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -2 | NC      | $-4010.77     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| BASELINE MET DIST #1 CO SPL RE                   | Baseline Metropolitan District No 1                                             | CUSIP: 069826AX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $464190.06    | 1.86%             | 2054-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                       | Public Finance Authority                                                        | CUSIP: 74442PD51<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    800000 | PA      | $808130.37    | 3.24%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HOSP FIN AUTH                        | Michigan State Hospital Finance Authority                                       | CUSIP: 59465HXF8<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |    335000 | PA      | $361884.98    | 1.45%             | 2055-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL                    | Black Belt Energy Gas District                                                  | CUSIP: 09182TCR6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050362.39   | 4.21%             | 2049-06-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| PORT OF PORTLAND OR ARPT REVEN                   | Port of Portland OR Airport Revenue                                             | CUSIP: 735240M75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $651572.33    | 2.61%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP EDUCTN                   | Florida Development Finance Corp                                                | CUSIP: 34061UJR0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    330000 | PA      | $341127.58    | 1.37%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                   | Main Street Natural Gas Inc                                                     | CUSIP: 56035DJJ2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    400000 | PA      | $417100.74    | 1.67%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY HSG DEV CORP                    | New York City Housing Development Corp                                          | CUSIP: 64966TGW8<br>LEI: 549300SQWVHKBRF8D702 | Long             | ABS-MBS          | MUN               | US        |    250000 | PA      | $253009.61    | 1.01%             | 2031-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST LIBERTY DEV CORP L                   | New York Liberty Development Corp                                               | CUSIP: 649519DF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $981073.40    | 3.93%             | 2069-09-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP EDUCTN                   | Florida Development Finance Corp                                                | CUSIP: 34061UFT0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    120000 | PA      | $123844.28    | 0.50%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA                                 | District of Columbia                                                            | CUSIP: 25476FTB4<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    965000 | PA      | $969881.76    | 3.89%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDU FACS FIN                   | New Hope Cultural Education Facilities Finance Corp                             | CUSIP: 64542PAS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $166446.70    | 0.67%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDU FACS FIN                   | New Hope Cultural Education Facilities Finance Corp                             | CUSIP: 64542PGD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $421413.12    | 1.69%             | 2031-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AGY FL REVENUE                     | Capital Trust Agency Inc                                                        | CUSIP: 14052WDR5<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $451249.96    | 1.81%             | 2061-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A                   | Metropolitan Washington Airports Authority Aviation Revenue                     | CUSIP: 592647MS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $382178.59    | 1.53%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN                   | New Hampshire Business Finance Authority                                        | CUSIP: 63608TAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $590821.51    | 2.37%             | 2033-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| National Finance Authority                       | National Finance Authority Affordable Housing Certificates Series 2024-1        | CUSIP: 63607DAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    565000 | PA      | $531669.43    | 2.13%             | 2040-10-20      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HIGHWAY AUTH                    | Illinois State Toll Highway Authority                                           | CUSIP: 452252PQ6<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010251.61   | 4.05%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI JT MUNI ELEC UTILITY                    | Missouri Joint Municipal Electric Utility Commission                            | CUSIP: 606092JZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $525000.00    | 2.11%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP SOL WS                   | Florida Development Finance Corp                                                | CUSIP: 34061XAG7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $496825.52    | 1.99%             | 2054-10-01      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI SPL REVENUE                   | Public Finance Authority                                                        | CUSIP: 74447TAG7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $971297.07    | 3.89%             | 2033-12-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI SPL REVENUE                   | Public Finance Authority                                                        | CUSIP: 74447TAF9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    875000 | PA      | $858254.62    | 3.44%             | 2032-12-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH MUNI CTFS                   | New Hampshire Business Finance Authority                                        | CUSIP: 63607WBD5<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |    998565 | PA      | $940494.99    | 3.77%             | 2041-01-20      | Variable      | 4.09%                 | No            |                  2 | On Loan: No      |
| UTAH CNTY UT HOSP REVENUE                        | County of Utah UT                                                               | CUSIP: 917393DB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019589.46   | 4.09%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST ASSET/LIABILITY CO                   | Kentucky Asset Liability Commission                                             | CUSIP: 49118NGB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $452032.81    | 1.81%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                     | Illinois Finance Authority                                                      | CUSIP: 45204FHY4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003176.87   | 4.02%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH                   | Kentucky Public Energy Authority                                                | CUSIP: 74440DEC4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1065374.45   | 4.27%             | 2054-04-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                       | Public Finance Authority                                                        | CUSIP: 74442PB61<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1132652.89   | 4.54%             | 2038-11-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA                   | Chicago O'Hare International Airport                                            | CUSIP: 1675935Z1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $523521.23    | 2.10%             | 2041-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N                   | Tobacco Settlement Financing Corp                                               | CUSIP: 888808HE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51718.39     | 0.21%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI SPL FAC REV                   | Public Finance Authority                                                        | CUSIP: 74446DAK4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    300000 | PA      | $304578.87    | 1.22%             | 2030-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST LIBERTY DEV CORP L                   | New York Liberty Development Corp                                               | CUSIP: 649519DG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $92750.35     | 0.37%             | 2069-09-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY AFFORD                   | New York State Housing Finance Agency                                           | CUSIP: 64987JZ38<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    600000 | PA      | $587262.45    | 2.35%             | 2044-11-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| iShares National Muni Bond ETF                   | iShares National Muni Bond ETF                                                  | CUSIP: 464288414<br>LEI: 549300H21FUYFQW9N157 | Long             | EC               | RF                | US        |      3670 | NS      | $381129.50    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| OKLAHOMA ST TURNPIKE AUTH                        | Oklahoma Turnpike Authority                                                     | CUSIP: 679111WS9<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011214.82   | 4.05%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN                   | New Hampshire Business Finance Authority                                        | CUSIP: 63608TAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $247436.81    | 0.99%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VLG FL CDD #13 SPL ASSMNT REVE                   | Village Community Development District No 13                                    | CUSIP: 92708HAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $848091.97    | 3.40%             | 2052-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI LEASE DEV R                   | Public Finance Authority                                                        | CUSIP: 74444YAW4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $987682.11    | 3.96%             | 2046-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH                   | Kentucky Public Energy Authority                                                | CUSIP: 74440DEM2<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500803.15    | 2.01%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | 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        |     76066 | NS      | $76065.87     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| PUERTO RICO INDL TOURIST EDUCT                   | Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth | CUSIP: 74527EFW3<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |    400000 | PA      | $350403.84    | 1.41%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** PGIM ETF Trust

**Signature:** Christian J. Kelly

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

**Title:** Chief Financial Officer