# EDGAR Filing Document

**Accession Number:** 0000887991
**File Stem:** 0001752724-23-039208
**Filing Date:** 2023-2
**Character Count:** 180404
**Document Hash:** e0876aa0e7f4a41a38aa08f660e75d23
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-039208.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001752724-23-039208

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRUDENTIAL INVESTMENT PORTFOLIOS 8
- **CENTRAL INDEX KEY:** 0000887991
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06677
- **FILM NUMBER:** 23665197

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DRYDEN INDEX SERIES FUND
- **DATE OF NAME CHANGE:** 20030716

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRUDENTIAL INDEX SERIES FUND
- **DATE OF NAME CHANGE:** 19980123

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRUDENTIAL DRYDEN FUND
- **DATE OF NAME CHANGE:** 19970620

## Series and Classes Contracts Data

### PGIM Securitized Credit Fund (Series ID: S000065752)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000212600 | Class Z      | SCFZX           |
| C000212601 | Class A      | SCFOX           |
| C000212602 | Class C      | SCFVX           |
| C000212603 | Class R6     | SCFQX           |

## Nport-Ex

#### PGIM Securitized Credit Fund

#### Schedule of Investments as of December 31, 2022 (unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **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 93.3%** | **Long-Term Investments 93.3%** | **Long-Term Investments 93.3%** | **Long-Term Investments 93.3%** | **Long-Term Investments 93.3%** | **Long-Term Investments 93.3%** |
| **Asset-Backed Securities 37.5%** | **Asset-Backed Securities 37.5%** | **Asset-Backed Securities 37.5%** | **Asset-Backed Securities 37.5%** | **Asset-Backed Securities 37.5%** | **Asset-Backed Securities 37.5%** |
| **Automobiles 7.5%** | **Automobiles 7.5%** | **Automobiles 7.5%** | **Automobiles 7.5%** | **Automobiles 7.5%** | **Automobiles 7.5%** |
| AmeriCredit Automobile Receivables Trust,<br> Series 2021-01, Class B | &nbsp;&nbsp;0.680% | &nbsp;&nbsp;10/19/26 |  | &nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp; $761348 |
| Exeter Automobile Receivables Trust,<br> Series 2022-01A, Class E, 144A | &nbsp;&nbsp;5.020 | &nbsp;&nbsp;10/15/29 |  | 1200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000935 |
| JPMorgan Chase Bank NA - CACLN,<br> Series 2020-01, Class F, 144A | &nbsp;&nbsp;6.684 | &nbsp;&nbsp;01/25/28 |  | &nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;789383 |
| OneMain Direct Auto Receivables Trust,<br> Series 2021-01A, Class C, 144A | &nbsp;&nbsp;1.420 | &nbsp;&nbsp;07/14/28 |  | &nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;679460 |
| Santander Bank Auto Credit-Linked Notes, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-A, Class C, 144A | &nbsp;&nbsp;7.375 | &nbsp;&nbsp;05/15/32 |  | &nbsp;&nbsp;&nbsp;567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;553924 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-C, Class E, 144A | 11.366 | &nbsp;&nbsp;12/15/32 |  | &nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300041 |
| Santander Bank, NA,<br> Series 2021-01A, Class D, 144A | &nbsp;&nbsp;5.004 | &nbsp;&nbsp;12/15/31 |  | &nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;551818 |
| Santander Consumer Auto Receivables Trust,<br> Series 2021-AA, Class E, 144A | &nbsp;&nbsp;3.280 | &nbsp;&nbsp;03/15/27 |  | &nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;675340 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5312249 |
| **Collateralized Loan Obligations 23.3%** | **Collateralized Loan Obligations 23.3%** | **Collateralized Loan Obligations 23.3%** | **Collateralized Loan Obligations 23.3%** | **Collateralized Loan Obligations 23.3%** | **Collateralized Loan Obligations 23.3%** |
| Anchorage Capital CLO Ltd. (Cayman Islands),<br> Series 2021-17A, Class A1, 144A, 3 Month LIBOR + 1.170% (Cap N/A, Floor 1.170%) | &nbsp;&nbsp;5.249(c) | &nbsp;&nbsp;07/15/34 |  | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;486051 |
| Atlas Static Senior Loan Fund Ltd. (Cayman Islands),<br> Series 2022-01A, Class B, 144A, 3 Month SOFR + 3.400% (Cap N/A, Floor 3.400%) | &nbsp;&nbsp;5.900(c) | &nbsp;&nbsp;07/15/30 |  | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;494921 |
| Avoca Capital CLO Ltd. (Ireland),<br> Series 10A, Class B1RR, 144A, 3 Month EURIBOR + 1.350% (Cap N/A, Floor 1.350%) | &nbsp;&nbsp;2.728(c) | &nbsp;&nbsp;04/15/35 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;742728 |
| Battalion CLO Ltd. (Cayman Islands), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-08A, Class A1R2, 144A, 3 Month LIBOR + 1.070% (Cap N/A, Floor 1.070%) | &nbsp;&nbsp;5.264(c) | &nbsp;&nbsp;07/18/30 |  | &nbsp;&nbsp;&nbsp;493 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;484706 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-12A, Class B2R, 144A, 3 Month LIBOR + 2.080% (Cap N/A, Floor 2.080%) | &nbsp;&nbsp;6.730(c) | &nbsp;&nbsp;05/17/31 |  | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;474331 |
| Carlyle Global Market Strategies Euro CLO Ltd. (Ireland),<br> Series 2014-02A, Class AR1, 144A, 3 Month EURIBOR + 0.750% (Cap N/A, Floor 0.750%) | &nbsp;&nbsp;2.548(c) | &nbsp;&nbsp;11/15/31 | &nbsp;&nbsp;EUR | 1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1137804 |
| Crosthwaite Park CLO DAC (Ireland),<br> Series 01A, Class A2AR, 144A, 3 Month EURIBOR + 1.600% (Cap N/A, Floor 1.600%) | &nbsp;&nbsp;3.646(c) | &nbsp;&nbsp;03/15/34 | &nbsp;&nbsp;EUR | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1486648 |

---

------

#### PGIM Securitized Credit Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **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.)** |
| Elevation CLO Ltd. (Cayman Islands),<br> Series 2014-02A, Class A1R, 144A, 3 Month SOFR + 1.492% (Cap N/A, Floor 0.000%) | 5.355 %(c) | &nbsp;&nbsp;10/15/29 |  | &nbsp;&nbsp;&nbsp;420 | &nbsp;&nbsp; $417229 |
| Ellington CLO Ltd. (Cayman Islands),<br> Series 2017-02A, Class A, 144A, 3 Month LIBOR + 1.700% (Cap N/A, Floor 1.700%) | 6.306(c) | &nbsp;&nbsp;02/15/29 |  | &nbsp;&nbsp;&nbsp;238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;236103 |
| ICG US CLO Ltd. (Cayman Islands),<br> Series 2015-02RA, Class A2, 144A, 3 Month LIBOR + 1.800% (Cap N/A, Floor 0.000%) | 5.879(c) | &nbsp;&nbsp;01/16/33 |  | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1920751 |
| Jubilee CLO DAC (Ireland),<br> Series 2016-17X, Class B1RR, 3 Month EURIBOR + 1.280% (Cap N/A, Floor 1.280%) | 2.658(c) | &nbsp;&nbsp;04/15/31 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;503067 |
| Madison Park Funding Ltd. (Cayman Islands),<br> Series 2019-33A, Class AR, 144A, 3 Month SOFR + 1.290% (Cap N/A, Floor 1.290%) | 5.154(c) | &nbsp;&nbsp;10/15/32 |  | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1471072 |
| Marble Point CLO Ltd. (Cayman Islands),<br> Series 2021-03A, Class A1, 144A, 3 Month LIBOR + 1.240% (Cap N/A, Floor 1.240%) | 5.319(c) | &nbsp;&nbsp;10/17/34 |  | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;483749 |
| MidOcean Credit CLO (Cayman Islands), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-03A, Class BR, 144A, 3 Month LIBOR + 1.800% (Cap N/A, Floor 1.800%) | 6.078(c) | &nbsp;&nbsp;04/21/31 |  | &nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;235316 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-07A, Class A1R, 144A, 3 Month LIBOR + 1.040% (Cap N/A, Floor 0.000%) | 5.119(c) | &nbsp;&nbsp;07/15/29 |  | &nbsp;&nbsp;&nbsp;539 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;532093 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-10A, Class BR, 144A, 3 Month LIBOR + 1.900% (Cap N/A, Floor 1.900%) | 6.225(c) | &nbsp;&nbsp;10/23/34 |  | &nbsp;&nbsp;&nbsp;480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451923 |
| Race Point CLO Ltd. (Cayman Islands),<br> Series 2013-08A, Class AR2, 144A, 3 Month LIBOR + 1.040% (Cap N/A, Floor 1.040%) | 5.715(c) | &nbsp;&nbsp;02/20/30 |  | 1873 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1844723 |
| St. Pauls CLO (Ireland),<br> Series 11A, Class C2R, 144A | 2.500 | &nbsp;&nbsp;01/17/32 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;653782 |
| TCW CLO Ltd. (Cayman Islands),<br> Series 2019-02A, Class BR, 144A, 3 Month SOFR + 1.850% (Cap N/A, Floor 1.850%) | 5.813(c) | &nbsp;&nbsp;10/20/32 |  | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;961585 |
| TICP CLO Ltd. (Cayman Islands),<br> Series 2017-09A, Class A, 144A, 3 Month LIBOR + 1.140% (Cap N/A, Floor 1.140%) | 5.383(c) | &nbsp;&nbsp;01/20/31 |  | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;989102 |
| Trimaran Cavu Ltd.,<br> Series 2019-01A, Class B, 144A, 3 Month LIBOR + 2.200% (Cap N/A, Floor 2.200%) | 6.443(c) | &nbsp;&nbsp;07/20/32 |  | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;487038 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16494722 |

---

------

#### PGIM Securitized Credit Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** | **Asset-Backed Securities (Continued)** |
| **Consumer Loans 3.3%** | **Consumer Loans 3.3%** | **Consumer Loans 3.3%** | **Consumer Loans 3.3%** | **Consumer Loans 3.3%** | **Consumer Loans 3.3%** |
| Lendmark Funding Trust,<br> Series 2021-01A, Class D, 144A | 5.050% | &nbsp;&nbsp;11/20/31 |  | 500 | &nbsp;&nbsp; $374957 |
| OneMain Financial Issuance Trust,<br> Series 2022-02A, Class D, 144A | 6.550 | &nbsp;&nbsp;10/14/34 |  | 880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;841737 |
| Oportun Funding XIV LLC,<br> Series 2021-A, Class A, 144A | 1.210 | &nbsp;&nbsp;03/08/28 |  | 700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;651825 |
| Oportun Issuance Trust,<br> Series 2022-02, Class A, 144A | 5.940 | &nbsp;&nbsp;10/09/29 |  | 505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500672 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2369191 |
| **Other 2.3%** | **Other 2.3%** | **Other 2.3%** | **Other 2.3%** | **Other 2.3%** | **Other 2.3%** |
| Loandepot GMSR Master Trust,<br> Series 2018-GT01, Class A, 144A, 1 Month LIBOR + 2.800% (Cap N/A, Floor 2.800%) | 7.126(c) | &nbsp;&nbsp;10/16/23 |  | 400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;372348 |
| PNMAC FMSR Issuer Trust,<br> Series 2018-FT01, Class A, 144A, 1 Month LIBOR + 2.350% (Cap N/A, Floor 0.000%) | 6.739(c) | &nbsp;&nbsp;04/25/23 |  | 710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;666812 |
| TH MSR Issuer Trust,<br> Series 2019-FT01, Class A, 144A, 1 Month LIBOR + 2.800% (Cap N/A, Floor 2.800%) | 7.189(c) | &nbsp;&nbsp;06/25/24 |  | 620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;580096 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1619256 |
| **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%** | **Residential Mortgage-Backed Securities 0.9%** |
| LSF11 Boson Investments Sarl Compartment 2 (Spain),<br> Series 2021-NPLA, Class A1, 144A, 3 Month EURIBOR + 2.000% (Cap N/A, Floor 2.000%) | 3.898(c) | &nbsp;&nbsp;11/25/60 | &nbsp;&nbsp;EUR | 331 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;337379 |
| TFS (Spain), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-03^ | 0.000(s) | &nbsp;&nbsp;04/16/40 | &nbsp;&nbsp;EUR | —(r) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;343 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-03, Class A1, 1 Month EURIBOR + 3.000%^ | 4.686(c) | &nbsp;&nbsp;04/16/23 | &nbsp;&nbsp;EUR | 266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270058 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;607780 |
| **Student Loan 0.2%** | **Student Loan 0.2%** | **Student Loan 0.2%** | **Student Loan 0.2%** | **Student Loan 0.2%** | **Student Loan 0.2%** |
| Laurel Road Prime Student Loan Trust,<br> Series 2019-A, Class R, 144A | 0.000 | &nbsp;&nbsp;10/25/48 |  | 684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146029 |
| **Total Asset-Backed Securities<br> (cost $27,464,240)** | **Total Asset-Backed Securities<br> (cost $27,464,240)** | **Total Asset-Backed Securities<br> (cost $27,464,240)** | **Total Asset-Backed Securities<br> (cost $27,464,240)** | **Total Asset-Backed Securities<br> (cost $27,464,240)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26549227 |

---

------

#### PGIM Securitized Credit Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Commercial Mortgage-Backed Securities 21.0%** | **Commercial Mortgage-Backed Securities 21.0%** | **Commercial Mortgage-Backed Securities 21.0%** | **Commercial Mortgage-Backed Securities 21.0%** | **Commercial Mortgage-Backed Securities 21.0%** | **Commercial Mortgage-Backed Securities 21.0%** |
| 20 Times Square Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-20TS, Class F, 144A (original cost $483,088; purchased 08/26/20 - 04/07/22)(f) | 3.100 %(cc) | &nbsp;&nbsp;05/15/35 |  | &nbsp;&nbsp;&nbsp;&nbsp;520 | &nbsp;&nbsp; $429442 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-20TS, Class G, 144A (original cost $184,522; purchased 06/28/19 - 08/26/20)(f) | 3.100(cc) | &nbsp;&nbsp;05/15/35 |  | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159206 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-20TS, Class H, 144A (original cost $94,181; purchased 06/28/19)(f) | 3.100(cc) | &nbsp;&nbsp;05/15/35 |  | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74117 |
| Barclays Commercial Mortgage Securities Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2016-ETC, Class E, 144A | 3.609(cc) | &nbsp;&nbsp;08/14/36 |  | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186893 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-CHRS, Class D, 144A | 4.267(cc) | &nbsp;&nbsp;08/05/38 |  | &nbsp;&nbsp;&nbsp;&nbsp;490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;312668 |
| BX Commercial Mortgage Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-XL, Class G, 144A, 1 Month SOFR + 2.414% (Cap N/A, Floor 2.414%) | 6.750(c) | &nbsp;&nbsp;10/15/36 |  | &nbsp;&nbsp;&nbsp;&nbsp;213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203405 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-XL, Class J, 144A, 1 Month SOFR + 2.764% (Cap N/A, Floor 2.764%) | 7.100(c) | &nbsp;&nbsp;10/15/36 |  | &nbsp;&nbsp;&nbsp;&nbsp;765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;728796 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-CIP, Class E, 144A, 1 Month LIBOR + 2.820% (Cap N/A, Floor 2.820%) | 7.138(c) | &nbsp;&nbsp;12/15/38 |  | &nbsp;&nbsp;&nbsp;&nbsp;347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;318929 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-AHP, Class E, 144A, 1 Month SOFR + 3.040% (Cap N/A, Floor 3.040%) | 7.376(c) | &nbsp;&nbsp;01/17/39 |  | &nbsp;&nbsp;1450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1352045 |
| Citigroup Commercial Mortgage Trust,<br> Series 2019-SMRT, Class E, 144A | 4.745(cc) | &nbsp;&nbsp;01/10/36 |  | &nbsp;&nbsp;&nbsp;&nbsp;726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;691239 |
| Cold Storage Trust,<br> Series 2020-ICE05, Class E, 144A, 1 Month LIBOR + 2.766% (Cap N/A, Floor 2.833%) | 7.083(c) | &nbsp;&nbsp;11/15/37 |  | &nbsp;&nbsp;1293 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1239085 |
| Credit Suisse Mortgage Capital Certificates,<br> Series 2019-ICE04, Class E, 144A, 1 Month LIBOR + 2.150% (Cap N/A, Floor 2.150%) | 6.468(c) | &nbsp;&nbsp;05/15/36 |  | &nbsp;&nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145079 |
| CSAIL Commercial Mortgage Trust,<br> Series 2015-C04, Class XB, IO | 0.250(cc) | &nbsp;&nbsp;11/15/48 |  | 25076 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144363 |
| DBGS Mortgage Trust,<br> Series 2018-BIOD, Class F, 144A, 1 Month LIBOR + 2.000% (Cap N/A, Floor 2.000%) | 6.236(c) | &nbsp;&nbsp;05/15/35 |  | &nbsp;&nbsp;&nbsp;&nbsp;525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;495067 |
| DBWF Mortgage Trust,<br> Series 2016-85T, Class E, 144A | 3.808(cc) | &nbsp;&nbsp;12/10/36 |  | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;374474 |
| Deco DAC (United Kingdom), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-RAM, Class A, SONIA + 2.007% (Cap N/A, Floor 2.007%) | 5.178(c) | &nbsp;&nbsp;08/07/30 | &nbsp;&nbsp;GBP | &nbsp;&nbsp;&nbsp;&nbsp;375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;417836 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-RAM, Class B, SONIA + 3.607% (Cap N/A, Floor 3.607%) | 6.778(c) | &nbsp;&nbsp;08/07/30 | &nbsp;&nbsp;GBP | &nbsp;&nbsp;&nbsp;&nbsp;174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;179615 |
| FHLMC Multifamily Mortgage Trust,<br> Series 2019-K735, Class X2A, IO, 144A | 0.100 | &nbsp;&nbsp;05/25/26 |  | 93434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;233061 |
| FHLMC Multifamily Structured Pass-Through<br> Certificates, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series K052, Class X1, IO | 0.636(cc) | &nbsp;&nbsp;11/25/25 |  | &nbsp;&nbsp;2163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31560 |

---

------

#### PGIM Securitized Credit Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **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)** | **Commercial Mortgage-Backed Securities (Continued)** |
| FHLMC Multifamily Structured Pass-Through Certificates, (cont'd.) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series K058, Class X1, IO | 0.915 %(cc) | &nbsp;&nbsp;08/25/26 |  | &nbsp;&nbsp;3548 | &nbsp;&nbsp; $96312 |
| GS Mortgage Securities Corp. Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-IP, Class E, 144A, 1 Month LIBOR + 3.550% (Cap N/A, Floor 3.550%) | 7.868(c) | &nbsp;&nbsp;10/15/36 |  | &nbsp;&nbsp;1950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1835666 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-IP, Class F, 144A, 1 Month LIBOR + 4.550% (Cap N/A, Floor 4.550%) | 8.868(c) | &nbsp;&nbsp;10/15/36 |  | &nbsp;&nbsp;&nbsp;&nbsp;140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131788 |
| Independence Plaza Trust,<br> Series 2018-INDP, Class E, 144A | 4.996 | &nbsp;&nbsp;07/10/35 |  | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89915 |
| JPMBB Commercial Mortgage Securities Trust,<br> Series 2015-C33, Class XB, IO | 0.345(cc) | &nbsp;&nbsp;12/15/48 |  | &nbsp;&nbsp;1620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15574 |
| JPMorgan Chase Commercial Mortgage Securities<br> Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-AON, Class E, 144A | 4.613(cc) | &nbsp;&nbsp;07/05/31 |  | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500783 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-NYAH, Class H, 144A, 1 Month LIBOR + 3.390% (Cap N/A, Floor 3.390%) | 7.708(c) | &nbsp;&nbsp;06/15/38 |  | &nbsp;&nbsp;1300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1201972 |
| Last Mile Logistics Pan Euro Finance DAC (Ireland),<br> Series 01A, Class D, 144A, 3 Month EURIBOR + 1.900% (Cap N/A, Floor 1.900%) | 3.695(c) | &nbsp;&nbsp;08/17/33 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94303 |
| MHC Commercial Mortgage Trust,<br> Series 2021-MHC, Class F, 144A, 1 Month LIBOR + 2.601% (Cap N/A, Floor 2.601%) | 6.919(c) | &nbsp;&nbsp;04/15/38 |  | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;281199 |
| MKT Mortgage Trust,<br> Series 2020-525M, Class F, 144A | 2.941(cc) | &nbsp;&nbsp;02/12/40 |  | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134319 |
| Morgan Stanley Bank of America Merrill Lynch Trust,<br> Series 2015-C21, Class XB, IO, 144A | 0.275(cc) | &nbsp;&nbsp;03/15/48 |  | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62803 |
| Morgan Stanley Capital I Trust,<br> Series 2019-MEAD, Class E, 144A | 3.177(cc) | &nbsp;&nbsp;11/10/36 |  | &nbsp;&nbsp;&nbsp;&nbsp;525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;436344 |
| One New York Plaza Trust,<br> Series 2020-01NYP, Class D, 144A, 1 Month LIBOR + 2.750% (Cap N/A, Floor 2.750%) | 7.068(c) | &nbsp;&nbsp;01/15/36 |  | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;262567 |
| SREIT Trust,<br> Series 2021-MFP, Class F, 144A, 1 Month LIBOR + 2.625% (Cap N/A, Floor 2.625%) | 6.943(c) | &nbsp;&nbsp;11/15/38 |  | &nbsp;&nbsp;&nbsp;&nbsp;260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242397 |
| Taurus DAC (United Kingdom), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-UK1A, Class D, 144A, SONIA + 2.600% (Cap N/A, Floor 2.600%) | 5.851(c) | &nbsp;&nbsp;05/17/31 | &nbsp;&nbsp;GBP | &nbsp;&nbsp;&nbsp;&nbsp;248 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;275352 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-UK4A, Class D, 144A, SONIA + 2.100% (Cap N/A, Floor 2.100%) | 5.351(c) | &nbsp;&nbsp;08/17/31 | &nbsp;&nbsp;GBP | &nbsp;&nbsp;&nbsp;&nbsp;238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;254279 |
| Wells Fargo Commercial Mortgage Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-P02, Class XB, IO | 0.413(cc) | &nbsp;&nbsp;12/15/48 |  | &nbsp;&nbsp;6400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77045 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-FCMT, Class D, 144A, 1 Month LIBOR + 3.500% (Cap N/A, Floor 3.500%) | 7.818(c) | &nbsp;&nbsp;05/15/31 |  | &nbsp;&nbsp;&nbsp;&nbsp;340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302286 |

---

------

#### PGIM Securitized Credit Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** |
| Wells Fargo Commercial Mortgage Trust, (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-FCMT, Class E, 144A, 1 Month LIBOR + 4.500% (Cap N/A, Floor 4.500%) | &nbsp;&nbsp;8.818 %(c) | &nbsp;&nbsp;05/15/31 | 1000 | &nbsp;&nbsp; $881090 |
| **Total Commercial Mortgage-Backed Securities<br> (cost $16,617,272)** | **Total Commercial Mortgage-Backed Securities<br> (cost $16,617,272)** | **Total Commercial Mortgage-Backed Securities<br> (cost $16,617,272)** | **Total Commercial Mortgage-Backed Securities<br> (cost $16,617,272)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14892874 |
| **Corporate Bonds 5.8%** | **Corporate Bonds 5.8%** | **Corporate Bonds 5.8%** | **Corporate Bonds 5.8%** | **Corporate Bonds 5.8%** |
| **Aerospace & Defense 0.1%** | **Aerospace & Defense 0.1%** | **Aerospace & Defense 0.1%** | **Aerospace & Defense 0.1%** | **Aerospace & Defense 0.1%** |
| Bombardier, Inc. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;7.500 | &nbsp;&nbsp;03/15/25 | &nbsp;&nbsp;&nbsp;&nbsp;21 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20784 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;7.875 | &nbsp;&nbsp;04/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48594 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69378 |
| **Banks 5.5%** | **Banks 5.5%** | **Banks 5.5%** | **Banks 5.5%** | **Banks 5.5%** |
| Bank of America Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series JJ | &nbsp;&nbsp;5.125(ff) | &nbsp;&nbsp;06/20/24(oo) | &nbsp;&nbsp;&nbsp;550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;512636 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series RR | &nbsp;&nbsp;4.375(ff) | &nbsp;&nbsp;01/27/27(oo) | &nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;594876 |
| Citigroup, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes | &nbsp;&nbsp;3.875(ff) | &nbsp;&nbsp;02/18/26(oo) | &nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;598351 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series V | &nbsp;&nbsp;4.700(ff) | &nbsp;&nbsp;01/30/25(oo) | &nbsp;&nbsp;&nbsp;605 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;503778 |
| Goldman Sachs Group, Inc. (The),<br> Jr. Sub. Notes, Series U | &nbsp;&nbsp;3.650(ff) | &nbsp;&nbsp;08/10/26(oo) | &nbsp;&nbsp;&nbsp;760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;615389 |
| JPMorgan Chase & Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series FF | &nbsp;&nbsp;5.000(ff) | &nbsp;&nbsp;08/01/24(oo) | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;459518 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series HH | &nbsp;&nbsp;4.600(ff) | &nbsp;&nbsp;02/01/25(oo) | &nbsp;&nbsp;&nbsp;&nbsp;80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71034 |
| Texas Capital Bank NA,<br> Sr. Unsec'd. Notes, 144A, 3 Month LIBOR + 4.500% | &nbsp;&nbsp;9.254(c) | &nbsp;&nbsp;09/30/24 | &nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;581544 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3937126 |
| **Entertainment 0.0%** | **Entertainment 0.0%** | **Entertainment 0.0%** | **Entertainment 0.0%** | **Entertainment 0.0%** |
| AMC Entertainment Holdings, Inc.,<br> Sec'd. Notes, 144A, Cash coupon 10.000% or PIK 12.000% or Cash coupon 5.000% and PIK 6.000% | 10.000 | &nbsp;&nbsp;06/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;61 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25282 |
| **Media 0.0%** | **Media 0.0%** | **Media 0.0%** | **Media 0.0%** | **Media 0.0%** |
| Diamond Sports Group LLC/Diamond Sports Finance Co.,<br> Gtd. Notes, 144A (original cost $72,188; purchased 01/23/20)(f) | &nbsp;&nbsp;6.625 | &nbsp;&nbsp;08/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;839 |

---

------

#### PGIM Securitized Credit Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Pipelines 0.2%** | **Pipelines 0.2%** | **Pipelines 0.2%** | **Pipelines 0.2%** | **Pipelines 0.2%** |
| Energy Transfer LP,<br> Jr. Sub. Notes, Series G | &nbsp;&nbsp;7.125 %(ff) | &nbsp;&nbsp;05/15/30(oo) | 140 | &nbsp;&nbsp; $116954 |
| **Total Corporate Bonds<br> (cost $4,799,581)** | **Total Corporate Bonds<br> (cost $4,799,581)** | **Total Corporate Bonds<br> (cost $4,799,581)** | **Total Corporate Bonds<br> (cost $4,799,581)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4149579 |
| **Floating Rate and other Loans 4.1%** | **Floating Rate and other Loans 4.1%** | **Floating Rate and other Loans 4.1%** | **Floating Rate and other Loans 4.1%** | **Floating Rate and other Loans 4.1%** |
| **Commercial Services 0.6%** | **Commercial Services 0.6%** | **Commercial Services 0.6%** | **Commercial Services 0.6%** | **Commercial Services 0.6%** |
| Adtalem Global Education, Inc.,<br> Term B Loan, 1 Month LIBOR + 4.000% | &nbsp;&nbsp;8.389(c) | &nbsp;&nbsp;08/12/28 | 131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129740 |
| Fly Funding II Sarl (Luxembourg),<br> Term Loan B, 3 Month LIBOR + 1.750% | &nbsp;&nbsp;6.310(c) | &nbsp;&nbsp;08/11/25 | 380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;308473 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;438213 |
| **Computers 0.3%** | **Computers 0.3%** | **Computers 0.3%** | **Computers 0.3%** | **Computers 0.3%** |
| McAfee Corp.,<br> Tranche B-1 Term Loan, 1 Month SOFR + 3.750% | &nbsp;&nbsp;7.974(c) | &nbsp;&nbsp;03/01/29 | 249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;231027 |
| **Electric 0.3%** | **Electric 0.3%** | **Electric 0.3%** | **Electric 0.3%** | **Electric 0.3%** |
| Heritage Power LLC,<br> Term Loan B, 3 Month LIBOR + 6.000% | 10.415(c) | &nbsp;&nbsp;07/30/26 | 122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40205 |
| Lightstone HoldCo LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Extended Term C Loan, 1 Month SOFR + 5.750% | 10.073(c) | &nbsp;&nbsp;02/01/27 | &nbsp;&nbsp;10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9114 |
| &nbsp;&nbsp;&nbsp;&nbsp;Extended Term Loan B, 1 Month SOFR + 5.750% | 10.073(c) | &nbsp;&nbsp;02/01/27 | 176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;161141 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210460 |
| **Entertainment 0.3%** | **Entertainment 0.3%** | **Entertainment 0.3%** | **Entertainment 0.3%** | **Entertainment 0.3%** |
| Allen Media LLC,<br> Term B Loan, 3 Month SOFR + 5.650% | 10.230(c) | &nbsp;&nbsp;02/10/27 | 297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242075 |
| **Media 0.2%** | **Media 0.2%** | **Media 0.2%** | **Media 0.2%** | **Media 0.2%** |
| Diamond Sports Group LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;First Lien Term Loan, 1 Month SOFR + 8.100%^ | 12.317(c) | &nbsp;&nbsp;05/25/26 | &nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46356 |
| &nbsp;&nbsp;&nbsp;&nbsp;Second Lien Term loan, 1 Month SOFR + 3.350% | &nbsp;&nbsp;7.567(c) | &nbsp;&nbsp;08/24/26 | 459 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55513 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101869 |
| **Packaging & Containers 0.5%** | **Packaging & Containers 0.5%** | **Packaging & Containers 0.5%** | **Packaging & Containers 0.5%** | **Packaging & Containers 0.5%** |
| Clydesdale Acquisition Holdings, Inc.,<br> Term B Loan, 1 Month SOFR + 4.275% | &nbsp;&nbsp;8.598(c) | &nbsp;&nbsp;04/13/29 | 398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;378444 |

---

------

#### PGIM Securitized Credit Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** |
| **Retail 0.5%** | **Retail 0.5%** | **Retail 0.5%** | **Retail 0.5%** | **Retail 0.5%** |
| Fogo de Chao, Inc.,<br> 2018 Refinancing Term Loan, 1 Month LIBOR + 4.250% | 8.634 %(c) | &nbsp;&nbsp;04/07/25 | &nbsp;&nbsp;&nbsp;349 | &nbsp;&nbsp; $328154 |
| **Software 0.3%** | **Software 0.3%** | **Software 0.3%** | **Software 0.3%** | **Software 0.3%** |
| Finastra USA, Inc.,<br> First Lien Dollar Term Loan, 6 Month LIBOR + 3.500% | 6.871(c) | &nbsp;&nbsp;06/13/24 | &nbsp;&nbsp;&nbsp;233 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205724 |
| **Telecommunications 1.1%** | **Telecommunications 1.1%** | **Telecommunications 1.1%** | **Telecommunications 1.1%** | **Telecommunications 1.1%** |
| Connect Finco Sarl (United Kingdom),<br> Amendment No. 1 Refinancing Term Loan, 1 Month LIBOR + 3.500% | 7.890(c) | &nbsp;&nbsp;12/11/26 | &nbsp;&nbsp;&nbsp;264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260118 |
| Intelsat Jackson Holdings SA (Luxembourg),<br> Term B Loan, 6 Month SOFR + 4.500% | 7.445(c) | &nbsp;&nbsp;02/01/29 | &nbsp;&nbsp;&nbsp;265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;255034 |
| West Corp.,<br> Initial Term B Loan, 3 Month LIBOR + 4.000% | 8.415(c) | &nbsp;&nbsp;10/10/24 | &nbsp;&nbsp;&nbsp;304 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;277459 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;792611 |
| **Total Floating Rate and other Loans<br> (cost $3,316,142)** | **Total Floating Rate and other Loans<br> (cost $3,316,142)** | **Total Floating Rate and other Loans<br> (cost $3,316,142)** | **Total Floating Rate and other Loans<br> (cost $3,316,142)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2928577 |
| **Residential Mortgage-Backed Securities 24.9%** | **Residential Mortgage-Backed Securities 24.9%** | **Residential Mortgage-Backed Securities 24.9%** | **Residential Mortgage-Backed Securities 24.9%** | **Residential Mortgage-Backed Securities 24.9%** |
| Bellemeade Re Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-03A, Class M1B, 144A, 1 Month LIBOR + 1.850% (Cap N/A, Floor 1.850%) | 6.239(c) | &nbsp;&nbsp;10/25/28 | &nbsp;&nbsp;&nbsp;&nbsp;18 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18344 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-04A, Class M2, 144A, 1 Month LIBOR + 2.850% (Cap N/A, Floor 2.850%) | 7.239(c) | &nbsp;&nbsp;10/25/29 | 1490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1423711 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-02A, Class M1C, 144A, 1 Month LIBOR + 4.000% (Cap N/A, Floor 4.000%) | 8.387(c) | &nbsp;&nbsp;08/26/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3566 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-01A, Class M1C, 144A, 30 Day Average SOFR + 2.950% (Cap N/A, Floor 2.950%) | 6.878(c) | &nbsp;&nbsp;03/25/31 | &nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143294 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-01, Class M1C, 144A, 30 Day Average SOFR + 3.700% (Cap N/A, Floor 3.700%) | 7.628(c) | &nbsp;&nbsp;01/26/32 | &nbsp;&nbsp;&nbsp;510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;425900 |
| BVRT Financing Trust,<br> Series 2021-04, Class F, 144A, 1 Month SOFR + 2.000%^ | 5.807(c) | &nbsp;&nbsp;09/12/26 | &nbsp;&nbsp;&nbsp;110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109629 |
| Connecticut Avenue Securities Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-R07, Class 1B1, 144A, 1 Month LIBOR + 4.350% (Cap N/A, Floor 0.000%) | 8.739(c) | &nbsp;&nbsp;04/25/31 | 1600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1625790 |

---

------

#### PGIM Securitized Credit Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Residential Mortgage-Backed Securities (Continued)** | **Residential Mortgage-Backed Securities (Continued)** | **Residential Mortgage-Backed Securities (Continued)** | **Residential Mortgage-Backed Securities (Continued)** | **Residential Mortgage-Backed Securities (Continued)** |
| Connecticut Avenue Securities Trust, (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-R01, Class 1B1, 144A, 30 Day Average SOFR + 3.100% (Cap N/A, Floor 0.000%) | &nbsp;&nbsp;7.028 %(c) | &nbsp;&nbsp;10/25/41 | &nbsp;&nbsp;&nbsp;130 | &nbsp;&nbsp; $122182 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-R03, Class 1B1, 144A, 30 Day Average SOFR + 2.750% (Cap N/A, Floor 2.750%) | &nbsp;&nbsp;6.678(c) | &nbsp;&nbsp;12/25/41 | &nbsp;&nbsp;&nbsp;&nbsp;90 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83025 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-R02, Class 2B1, 144A, 30 Day Average SOFR + 4.500% (Cap N/A, Floor 0.000%) | &nbsp;&nbsp;8.428(c) | &nbsp;&nbsp;01/25/42 | &nbsp;&nbsp;&nbsp;520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;491907 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-R03, Class 1B1, 144A, 30 Day Average SOFR + 6.250% (Cap N/A, Floor 0.000%) | 10.178(c) | &nbsp;&nbsp;03/25/42 | &nbsp;&nbsp;&nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77979 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-R04, Class 1B1, 144A, 30 Day Average SOFR + 5.250% (Cap N/A, Floor 0.000%) | &nbsp;&nbsp;9.178(c) | &nbsp;&nbsp;03/25/42 | &nbsp;&nbsp;&nbsp;&nbsp;60 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60000 |
| Eagle Re Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-01, Class M2, 144A, 1 Month LIBOR + 3.300% (Cap N/A, Floor 0.000%) | &nbsp;&nbsp;7.689(c) | &nbsp;&nbsp;04/25/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;955629 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-01, Class M1C, 144A, 30 Day Average SOFR + 2.700% (Cap N/A, Floor 2.700%) | &nbsp;&nbsp;6.628(c) | &nbsp;&nbsp;10/25/33 | &nbsp;&nbsp;&nbsp;295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;292180 |
| FHLMC Structured Agency Credit Risk Debt Notes, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-HQA05, Class B1, 144A, 30 Day Average SOFR + 4.000% (Cap N/A, Floor 0.000%) | &nbsp;&nbsp;7.928(c) | &nbsp;&nbsp;11/25/50 | &nbsp;&nbsp;&nbsp;110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105050 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-DNA02, Class B1, 144A, 30 Day Average SOFR + 3.400% (Cap N/A, Floor 0.000%) | &nbsp;&nbsp;7.328(c) | &nbsp;&nbsp;08/25/33 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;461790 |
| FHLMC Structured Agency Credit Risk REMIC Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-DNA01, Class B1, 144A, 1 Month LIBOR + 2.300% (Cap N/A, Floor 0.000%) | &nbsp;&nbsp;6.689(c) | &nbsp;&nbsp;01/25/50 | &nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;848650 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-DNA03, Class B1, 144A, 1 Month LIBOR + 5.100% (Cap N/A, Floor 0.000%) | &nbsp;&nbsp;9.489(c) | &nbsp;&nbsp;06/25/50 | &nbsp;&nbsp;&nbsp;&nbsp;60 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62294 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-DNA04, Class B1, 144A, 1 Month LIBOR + 6.000% (Cap N/A, Floor 0.000%) | 10.389(c) | &nbsp;&nbsp;08/25/50 | &nbsp;&nbsp;&nbsp;&nbsp;97 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103517 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-DNA05, Class B1, 144A, 30 Day Average SOFR + 4.800% (Cap N/A, Floor 0.000%) | &nbsp;&nbsp;8.728(c) | &nbsp;&nbsp;10/25/50 | &nbsp;&nbsp;&nbsp;120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122867 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-HQA04, Class B1, 144A, 1 Month LIBOR + 5.250% (Cap N/A, Floor 0.000%) | &nbsp;&nbsp;9.639(c) | &nbsp;&nbsp;09/25/50 | &nbsp;&nbsp;&nbsp;120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122550 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-DNA01, Class B1, 144A, 30 Day Average SOFR + 2.650% (Cap N/A, Floor 0.000%) | &nbsp;&nbsp;6.578(c) | &nbsp;&nbsp;01/25/51 | &nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;314707 |

---

------

#### PGIM Securitized Credit Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Residential Mortgage-Backed Securities (Continued)** | **Residential Mortgage-Backed Securities (Continued)** | **Residential Mortgage-Backed Securities (Continued)** | **Residential Mortgage-Backed Securities (Continued)** | **Residential Mortgage-Backed Securities (Continued)** |
| FHLMC Structured Agency Credit Risk REMIC Trust, (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-DNA05, Class B1, 144A, 30 Day Average SOFR + 3.050% (Cap N/A, Floor 0.000%) | 6.978 %(c) | &nbsp;&nbsp;01/25/34 | &nbsp;&nbsp;&nbsp;890 | &nbsp;&nbsp; $812809 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-DNA06, Class B1, 144A, 30 Day Average SOFR + 3.400% (Cap N/A, Floor 0.000%) | 7.328(c) | &nbsp;&nbsp;10/25/41 | &nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;838890 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-DNA06, Class M2, 144A, 30 Day Average SOFR + 1.500% (Cap N/A, Floor 0.000%) | 5.428(c) | &nbsp;&nbsp;10/25/41 | &nbsp;&nbsp;&nbsp;120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113996 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-DNA07, Class M2, 144A, 30 Day Average SOFR + 1.800% (Cap N/A, Floor 0.000%) | 5.728(c) | &nbsp;&nbsp;11/25/41 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;939182 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-HQA03, Class B1, 144A, 30 Day Average SOFR + 3.350% (Cap N/A, Floor 0.000%) | 7.278(c) | &nbsp;&nbsp;09/25/41 | &nbsp;&nbsp;&nbsp;&nbsp;90 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76870 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-HQA04, Class M1, 144A, 30 Day Average SOFR + 0.950% (Cap N/A, Floor 0.000%) | 4.878(c) | &nbsp;&nbsp;12/25/41 | 2313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2194796 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-DNA02, Class M1B, 144A, 30 Day Average SOFR + 2.400% (Cap N/A, Floor 0.000%) | 6.328(c) | &nbsp;&nbsp;02/25/42 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;972518 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-DNA06, Class M1B, 144A, 30 Day Average SOFR + 3.700% (Cap N/A, Floor 0.000%) | 7.628(c) | &nbsp;&nbsp;09/25/42 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;509947 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-HQA03, Class M1B, 144A, 30 Day Average SOFR + 3.550% (Cap N/A, Floor 0.000%) | 7.478(c) | &nbsp;&nbsp;08/25/42 | &nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;594756 |
| Home Re Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-01, Class M1C, 144A, 1 Month LIBOR + 4.150% (Cap N/A, Floor 4.150%) | 8.539(c) | &nbsp;&nbsp;10/25/30 | &nbsp;&nbsp;&nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74679 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-01, Class M1C, 144A, 1 Month LIBOR + 2.300% (Cap N/A, Floor 0.000%) | 6.689(c) | &nbsp;&nbsp;07/25/33 | &nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145246 |
| Legacy Mortgage Asset Trust,<br> Series 2021-SL02, Class A, 144A | 1.875 | &nbsp;&nbsp;10/25/68 | &nbsp;&nbsp;&nbsp;659 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;591651 |
| Oaktown Re V Ltd.,<br> Series 2020-02A, Class M1B, 144A, 1 Month LIBOR + 3.600% (Cap N/A, Floor 3.600%) | 7.989(c) | &nbsp;&nbsp;10/25/30 | &nbsp;&nbsp;&nbsp;&nbsp;13 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12775 |
| Oaktown Re VII Ltd.,<br> Series 2021-02, Class M1B, 144A, 30 Day Average SOFR + 2.900% (Cap N/A, Floor 2.900%) | 6.828(c) | &nbsp;&nbsp;04/25/34 | &nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177752 |
| PNMAC GMSR Issuer Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-GT01, Class A, 144A, 1 Month LIBOR + 2.850% (Cap N/A, Floor 2.850%) | 7.239(c) | &nbsp;&nbsp;02/25/23 | &nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97734 |

---

------

#### PGIM Securitized Credit Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Residential Mortgage-Backed Securities (Continued)** | **Residential Mortgage-Backed Securities (Continued)** | **Residential Mortgage-Backed Securities (Continued)** | **Residential Mortgage-Backed Securities (Continued)** | **Residential Mortgage-Backed Securities (Continued)** | **Residential Mortgage-Backed Securities (Continued)** |
| PNMAC GMSR Issuer Trust, (cont'd.) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-GT02, Class A, 144A, 1 Month LIBOR + 2.650% (Cap N/A, Floor 0.000%) | 7.039 %(c) | &nbsp;&nbsp;08/25/25 |  | &nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp; $98152 |
| Radnor Re Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-01, Class B1, 144A, 1 Month LIBOR + 4.450% (Cap N/A, Floor 4.450%) | 8.839(c) | &nbsp;&nbsp;02/25/29 |  | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;971275 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-02, Class M1B, 144A, 30 Day Average SOFR + 3.700% (Cap N/A, Floor 3.700%) | 7.628(c) | &nbsp;&nbsp;11/25/31 |  | &nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283384 |
| Retiro Mortgage Securities DAC (Spain),<br> Series 01A, Class A1, 144A, 3 Month EURIBOR + 2.000% (Cap 5.000%, Floor 0.000%) | 3.578(c) | &nbsp;&nbsp;07/30/75 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;173331 |
| **Total Residential Mortgage-Backed Securities<br> (cost $18,056,962)** | **Total Residential Mortgage-Backed Securities<br> (cost $18,056,962)** | **Total Residential Mortgage-Backed Securities<br> (cost $18,056,962)** | **Total Residential Mortgage-Backed Securities<br> (cost $18,056,962)** | **Total Residential Mortgage-Backed Securities<br> (cost $18,056,962)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17654304 |
| **Total Long-Term Investments<br> (cost $70,254,197)** | **Total Long-Term Investments<br> (cost $70,254,197)** | **Total Long-Term Investments<br> (cost $70,254,197)** | **Total Long-Term Investments<br> (cost $70,254,197)** | **Total Long-Term Investments<br> (cost $70,254,197)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66174561 |

---

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**Shares** |  |
| **Short-Term Investment 5.4%** | **Short-Term Investment 5.4%** | **Short-Term Investment 5.4%** |
| **Unaffiliated Fund** |  |  |
| Dreyfus Government Cash Management (Institutional Shares)<br> (cost $3,813,613) | 3813613 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3813613 |
| **TOTAL INVESTMENTS, BEFORE OPTIONS WRITTEN 98.7%<br> (cost $74,067,810)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69988174 |
| **Options Written\*~ (0.0)%** | **Options Written\*~ (0.0)%** | **Options Written\*~ (0.0)%** |
| &nbsp;&nbsp;&nbsp;&nbsp;(premiums received $0) | &nbsp;&nbsp;&nbsp;&nbsp;(premiums received $0) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10) |
| **TOTAL INVESTMENTS, NET OF OPTIONS WRITTEN 98.7%<br> (cost $74,067,810)** | **TOTAL INVESTMENTS, NET OF OPTIONS WRITTEN 98.7%<br> (cost $74,067,810)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69988164 |
| Other assets in excess of liabilities(z) 1.3% | Other assets in excess of liabilities(z) 1.3% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;888206 |
| **Net Assets 100.0%** | **Net Assets 100.0%** | $70876370 |

---

------

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. <br> A—Annual payment frequency for swaps <br> BOA—Bank of America, N.A.

------

#### PGIM Securitized Credit Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)

---

| |
|:---|
| CDS—Credit Default Swap |
| CDX—Credit Derivative Index |
| CLO—Collateralized Loan Obligation |
| EURIBOR—Euro Interbank Offered Rate |
| FHLMC—Federal Home Loan Mortgage Corporation |
| GS—Goldman Sachs & Co. LLC |
| GSI—Goldman Sachs International |
| IO—Interest Only (Principal amount represents notional) |
| LIBOR—London Interbank Offered Rate |
| LP—Limited Partnership |
| M—Monthly payment frequency for swaps |
| MSI—Morgan Stanley & Co International PLC |
| OTC—Over-the-counter |
| PIK—Payment-in-Kind |
| Q—Quarterly payment frequency for swaps |
| REMIC—Real Estate Mortgage Investment Conduit |
| SCB—Standard Chartered Bank |
| SOFR—Secured Overnight Financing Rate |
| SONIA—Sterling Overnight Index Average |
| UAG—UBS AG |
| USOIS—United States Overnight Index Swap |

---

---

| | |
|:---|:---|
| \* | Non-income producing security. |
| # | Principal or notional amount is shown in U.S. dollars unless otherwise stated. |
| ~ | See tables subsequent to the Schedule of Investments for options detail. |
| ^ | Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $436,676 and 0.6% of net assets. |
| (c) | Variable rate instrument. The interest rate shown reflects the rate in effect at December 31, 2022. |
| (cc) | Variable rate instrument. The rate shown is based on the latest available information as of December 31, 2022. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description. |
| (f) | Indicates a restricted security that is 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; the aggregate original cost of such securities is $833,979. The aggregate value of $663,604 is 0.9% of net assets. |
| (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. |
| (oo) | Perpetual security. Maturity date represents next call date. |
| (r) | Principal or notional amount is less than $500 par. |
| (s) | Represents zero coupon bond or principal only security. Rate represents yield to maturity at purchase date. |
| (z) | Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments: |

---

#### Options Written :

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **OTC Swaptions** | **OTC Swaptions** | **OTC Swaptions** | **OTC Swaptions** | **OTC Swaptions** | **OTC Swaptions** | **OTC Swaptions** | **OTC Swaptions** | **OTC Swaptions** |
| **Description** | &nbsp;&nbsp;**Call/<br> Put** | **Counterparty** | &nbsp;&nbsp;**Expiration<br> Date** | &nbsp;&nbsp;**Strike** | &nbsp;&nbsp;**Receive** | &nbsp;&nbsp;**Pay** | &nbsp;&nbsp;**Notional<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| GS_21-PJA^ | &nbsp;&nbsp;Put | GSI | &nbsp;&nbsp;06/17/24 | &nbsp;&nbsp;0.25% | &nbsp;&nbsp;0.25%(M) | &nbsp;&nbsp;GS_21-PJA(M) | &nbsp;&nbsp;630 | &nbsp;&nbsp; $(10) |
| &nbsp;&nbsp;&nbsp;(premiums received $0) | &nbsp;&nbsp;&nbsp;(premiums received $0) | &nbsp;&nbsp;&nbsp;(premiums received $0) | &nbsp;&nbsp;&nbsp;(premiums received $0) |  |  |  |  |  |

---

------

#### PGIM Securitized Credit Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Futures contracts outstanding at December 31, 2022:** | **Futures contracts outstanding at December 31, 2022:** | **Futures contracts outstanding at December 31, 2022:** | **Futures contracts outstanding at December 31, 2022:** | **Futures contracts outstanding at December 31, 2022:** |
| **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:** |
| 1 | 20 Year U.S. Treasury Bonds | Mar. 2023 | &nbsp;&nbsp; $125344 | $(1111) |
| **Short Positions:** | **Short Positions:** | **Short Positions:** | **Short Positions:** | **Short Positions:** |
| 24 | 2 Year U.S. Treasury Notes | Mar. 2023 | &nbsp;&nbsp;&nbsp;4921875 | &nbsp;&nbsp;&nbsp;&nbsp;7031 |
| 4 | 5 Year Euro-Bobl | Mar. 2023 | &nbsp;&nbsp;&nbsp;&nbsp;495618 | &nbsp;&nbsp;&nbsp;15640 |
| 36 | 5 Year U.S. Treasury Notes | Mar. 2023 | &nbsp;&nbsp;&nbsp;3885469 | &nbsp;&nbsp;&nbsp;&nbsp;1496 |
| 10 | 10 Year U.S. Treasury Notes | Mar. 2023 | &nbsp;&nbsp;&nbsp;1122969 | &nbsp;&nbsp;&nbsp;&nbsp;5768 |
| 3 | Euro Schatz Index | Mar. 2023 | &nbsp;&nbsp;&nbsp;&nbsp;338541 | &nbsp;&nbsp;&nbsp;&nbsp;4156 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;34091 |
|  |  |  |  | $32980 |

---

#### Forward foreign currency exchange contracts outstanding at December 31, 2022 :

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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 01/12/23 | MSI | GBP | &nbsp;&nbsp;&nbsp;996 | $1192536 | $1205111 | $— | $(12575) |
| Euro, | Euro, | Euro, | Euro, | Euro, | Euro, | Euro, | Euro, |
| &nbsp;&nbsp;Expiring 01/12/23 | BOA | EUR | &nbsp;&nbsp;&nbsp;471 | &nbsp;&nbsp;&nbsp;&nbsp;502175 | &nbsp;&nbsp;&nbsp;&nbsp;504339 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2164) |
| &nbsp;&nbsp;Expiring 01/12/23 | SCB | EUR | 1350 | &nbsp;&nbsp;&nbsp;1422340 | &nbsp;&nbsp;&nbsp;1446434 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(24094) |
| &nbsp;&nbsp;Expiring 01/12/23 | UAG | EUR | 2251 | &nbsp;&nbsp;&nbsp;2343038 | &nbsp;&nbsp;&nbsp;2411624 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(68586) |
| &nbsp;&nbsp;Expiring 01/12/23 | UAG | EUR | 1038 | &nbsp;&nbsp;&nbsp;1097509 | &nbsp;&nbsp;&nbsp;1112079 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(14570) |
|  |  |  |  | $6557598 | $6679587 | $— | $(121989) |

---

#### Credit default swap agreements outstanding at December 31, 2022:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference<br> Entity/<br> Obligation** | **Termination<br> Date** | **Fixed<br> Rate** | **Notional<br> Amount<br> (000)#(3)** | **Notional<br> Amount<br> (000)#(3)** | **Implied<br> Credit<br> Spread at<br> December 31,<br> 2022(4)** | **Fair<br> Value** | **Upfront<br> Premiums<br> Paid<br> (Received)** | **Unrealized<br> Appreciation<br> (Depreciation)** | **Counterparty** |
| **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^:** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^:** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^:** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^:** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^:** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^:** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^:** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^:** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^:** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^:** |
| Angelogordon CLO | 01/27/23 | 1.000%(M) | EUR | &nbsp;&nbsp;&nbsp;134 | \* | &nbsp;&nbsp;&nbsp;&nbsp; $131 | &nbsp;&nbsp;&nbsp; $(4) | &nbsp;&nbsp;&nbsp;&nbsp; $135 | GSI |
| Assured CLO | 01/27/23 | 1.000%(M) | EUR | &nbsp;&nbsp;&nbsp;319 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;321 | GSI |
| Bayview Opportunity Master Fund Trust | 01/30/23 | 0.500%(M) |  | &nbsp;&nbsp;&nbsp;&nbsp;36 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18 | GSI |
| Blackstone CLO | 01/27/23 | 1.000%(M) | EUR | &nbsp;&nbsp;&nbsp;346 | &nbsp;&nbsp;&nbsp;1.000% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;349 | GSI |

---

------

#### PGIM Securitized Credit Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)

#### Credit default swap agreements outstanding at December 31, 2022: (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference<br> Entity/<br> Obligation** | **Termination<br> Date** | **Fixed<br> Rate** | **Notional<br> Amount<br> (000)#(3)** | **Notional<br> Amount<br> (000)#(3)** | **Implied<br> Credit<br> Spread at<br> December 31,<br> 2022(4)** | **Fair<br> Value** | **Upfront<br> Premiums<br> Paid<br> (Received)** | **Unrealized<br> Appreciation<br> (Depreciation)** | **Counterparty** |
| **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** |
| BNPP AM CLO | 01/27/23 | 1.000%(M) | EUR | &nbsp;&nbsp;&nbsp;510 | \* | &nbsp;&nbsp;&nbsp;&nbsp; $500 | $(14) | &nbsp;&nbsp;&nbsp;&nbsp; $514 | GSI |
| BNPP AM CLO | 01/27/23 | 1.000%(M) | EUR | &nbsp;&nbsp;&nbsp;449 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;440 | &nbsp;&nbsp;&nbsp;&nbsp;(12) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;452 | GSI |
| BRAVO Residential Funding Trust | 01/30/23 | 0.500%(M) |  | 2308 | 11.901% | &nbsp;&nbsp;&nbsp;&nbsp;1118 | &nbsp;&nbsp;&nbsp;&nbsp;(30) | &nbsp;&nbsp;&nbsp;&nbsp;1148 | GSI |
| Cairn CLO BV | 01/27/23 | 1.000%(M) | EUR | &nbsp;&nbsp;&nbsp;646 | &nbsp;&nbsp;&nbsp;1.000% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;633 | &nbsp;&nbsp;&nbsp;&nbsp;(17) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;650 | GSI |
| Carlyle CLO | 01/27/23 | 1.000%(M) | EUR | &nbsp;&nbsp;&nbsp;371 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;363 | &nbsp;&nbsp;&nbsp;&nbsp;(10) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;373 | GSI |
| Credit Suisse Mortgage Capital | 01/30/23 | 1.250%(M) |  | &nbsp;&nbsp;&nbsp;142 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176 | GSI |
| CVC CLO | 01/27/23 | 1.000%(M) | EUR | &nbsp;&nbsp;&nbsp;478 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;468 | &nbsp;&nbsp;&nbsp;&nbsp;(13) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;481 | GSI |
| CVC CLO | 01/27/23 | 1.000%(M) | EUR | &nbsp;&nbsp;&nbsp;241 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;243 | GSI |
| CVC CLO | 01/27/23 | 1.000%(M) | EUR | &nbsp;&nbsp;&nbsp;100 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101 | GSI |
| Deutsche Alt-A Securities, Inc. Mortgage Loan Trust | 01/30/23 | 0.500%(M) |  | &nbsp;&nbsp;&nbsp;290 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144 | GSI |
| Deutsche Alt-A Securities, Inc. Mortgage Loan Trust | 01/30/23 | 0.500%(M) |  | &nbsp;&nbsp;&nbsp;195 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97 | GSI |
| Deutsche Alt-A Securities, Inc. Mortgage Loan Trust | 01/30/23 | 0.500%(M) |  | &nbsp;&nbsp;&nbsp;&nbsp;59 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29 | GSI |
| EMC Mortgage Loan Trust | 01/30/23 | 1.250%(M) |  | &nbsp;&nbsp;&nbsp;&nbsp;75 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93 | GSI |
| Federal Home Loan Mortgage Corp. | 01/26/23 | 1.250%(M) |  | &nbsp;&nbsp;&nbsp;101 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118 | GSI |
| Federal Home Loan Mortgage Corp. | 01/26/23 | 1.250%(M) |  | &nbsp;&nbsp;&nbsp;&nbsp;88 | &nbsp;&nbsp;&nbsp;4.670% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103 | GSI |
| Federal Home Loan Mortgage Corp. | 01/26/23 | 1.250%(M) |  | &nbsp;&nbsp;&nbsp;&nbsp;64 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74 | GSI |
| Federal Home Loan Mortgage Corp. | 01/26/23 | 1.250%(M) |  | &nbsp;&nbsp;&nbsp;&nbsp;54 | &nbsp;&nbsp;&nbsp;4.670% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63 | GSI |

---

------

#### PGIM Securitized Credit Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)

#### Credit default swap agreements outstanding at December 31, 2022: (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference<br> Entity/<br> Obligation** | **Termination<br> Date** | **Fixed<br> Rate** | **Notional<br> Amount<br> (000)#(3)** | **Notional<br> Amount<br> (000)#(3)** | **Implied<br> Credit<br> Spread at<br> December 31,<br> 2022(4)** | **Fair<br> Value** | **Upfront<br> Premiums<br> Paid<br> (Received)** | **Unrealized<br> Appreciation<br> (Depreciation)** | **Counterparty** |
| **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** |
| Federal Home Loan Mortgage Corp. | 01/26/23 | 1.250%(M) |  | &nbsp;&nbsp;&nbsp;&nbsp;23 | &nbsp;&nbsp;&nbsp;4.670% | &nbsp;&nbsp;&nbsp;&nbsp; $26 | &nbsp;&nbsp;&nbsp; $(1) | &nbsp;&nbsp;&nbsp;&nbsp; $27 | GSI |
| Federal Home Loan Mortgage Corp. | 01/26/23 | 1.250%(M) |  | &nbsp;&nbsp;&nbsp;&nbsp;18 | &nbsp;&nbsp;&nbsp;4.670% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21 | GSI |
| GreenPoint Mortgage Funding Trust | 01/30/23 | 0.500%(M) |  | &nbsp;&nbsp;&nbsp;&nbsp;54 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27 | GSI |
| GS Mortgage Backed Securities | 01/30/23 | 0.500%(M) |  | &nbsp;&nbsp;&nbsp;&nbsp;35 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17 | GSI |
| GS Mortgage Backed Securities | 01/30/23 | 0.500%(M) |  | &nbsp;&nbsp;&nbsp;&nbsp;29 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14 | GSI |
| GS Mortgage Securities Corp. Trust | 01/26/23 | 1.250%(M) |  | &nbsp;&nbsp;&nbsp;&nbsp;23 | &nbsp;&nbsp;&nbsp;4.670% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27 | GSI |
| GS_21-PJ-A | 01/14/23 | 0.250%(M) |  | &nbsp;&nbsp;&nbsp;353 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122 | GSI |
| Home Re Ltd. | 01/30/23 | 1.250%(M) |  | &nbsp;&nbsp;&nbsp;127 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158 | GSI |
| ICG CLO | 01/27/23 | 1.000%(M) | EUR | &nbsp;&nbsp;&nbsp;579 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;568 | &nbsp;&nbsp;&nbsp;&nbsp;(15) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;583 | GSI |
| IndyMac INDX Mortgage Loan Trust | 01/30/23 | 0.500%(M) |  | &nbsp;&nbsp;&nbsp;848 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;410 | &nbsp;&nbsp;&nbsp;&nbsp;(11) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;421 | GSI |
| Investcorp CLO | 01/27/23 | 1.000%(M) | EUR | &nbsp;&nbsp;&nbsp;110 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110 | GSI |
| JPMorgan Alternative Loan Trust | 01/30/23 | 0.500%(M) |  | &nbsp;&nbsp;&nbsp;483 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240 | GSI |
| Legacy Mortgage Asset Trust | 01/30/23 | 0.500%(M) |  | &nbsp;&nbsp;&nbsp;399 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198 | GSI |
| Legacy Mortgage Asset Trust | 01/30/23 | 0.500%(M) |  | &nbsp;&nbsp;&nbsp;318 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158 | GSI |
| Legacy Mortgage Asset Trust | 01/30/23 | 0.500%(M) |  | &nbsp;&nbsp;&nbsp;&nbsp;64 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32 | GSI |
| Lehman Brothers Alta Mortgage | 01/30/23 | 0.500%(M) |  | &nbsp;&nbsp;&nbsp;131 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65 | GSI |
| Lehman Brothers Prime Mortgage | 01/30/23 | 0.500%(M) |  | &nbsp;&nbsp;&nbsp;&nbsp;31 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15 | GSI |
| Onex CLO | 01/27/23 | 1.000%(M) | EUR | &nbsp;&nbsp;&nbsp;107 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108 | GSI |

---

------

#### PGIM Securitized Credit Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)

#### Credit default swap agreements outstanding at December 31, 2022: (continued)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference<br> Entity/<br> Obligation** | **Termination<br> Date** | **Fixed<br> Rate** | **Notional<br> Amount<br> (000)#(3)** | **Notional<br> Amount<br> (000)#(3)** | **Fair<br> Value** | **Upfront<br> Premiums<br> Paid<br> (Received)** | **Unrealized<br> Appreciation<br> (Depreciation)** | **Counterparty** |
| **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** |
| Ownit Mortgage Loan Asset-Backed Certificates | 01/30/23 | 1.250%(M) |  | &nbsp;&nbsp;&nbsp;&nbsp;36 \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $4 | &nbsp;&nbsp;&nbsp; $(1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $5 | GSI |
| Partners CLO | 01/27/23 | 1.000%(M) | EUR | &nbsp;&nbsp;&nbsp;335 \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;337 | GSI |
| Preston Ridge Partners Mortgage Trust | 01/30/23 | 0.500%(M) |  | &nbsp;&nbsp;&nbsp;896 \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;433 | &nbsp;&nbsp;&nbsp;&nbsp;(12) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;445 | GSI |
| Preston Ridge Partners Mortgage Trust | 01/30/23 | 0.500%(M) |  | &nbsp;&nbsp;&nbsp;380 \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;189 | GSI |
| Preston Ridge Partners Mortgage Trust | 01/30/23 | 0.500%(M) |  | &nbsp;&nbsp;&nbsp;170 \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84 | GSI |
| Preston Ridge Partners Mortgage Trust | 01/30/23 | 0.500%(M) |  | &nbsp;&nbsp;&nbsp;&nbsp;79 \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39 | GSI |
| Pretium Mortgage Credit Partners LLC | 01/30/23 | 0.500%(M) |  | 1163 \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;563 | &nbsp;&nbsp;&nbsp;&nbsp;(15) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;578 | GSI |
| Pretium Mortgage Credit Partners LLC | 01/30/23 | 0.500%(M) |  | &nbsp;&nbsp;&nbsp;260 \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129 | GSI |
| Pretium Mortgage Credit Partners LLC | 01/30/23 | 0.500%(M) |  | &nbsp;&nbsp;&nbsp;211 \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105 | GSI |
| Pretium Mortgage Credit Partners LLC | 01/30/23 | 0.500%(M) |  | &nbsp;&nbsp;&nbsp;166 \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83 | GSI |
| Residential Accredit Loans, Inc. | 01/30/23 | 0.500%(M) |  | &nbsp;&nbsp;&nbsp;&nbsp;27 \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14 | GSI |
| Residential Asset Mortgage Products, Inc. | 01/30/23 | 1.250%(M) |  | &nbsp;&nbsp;&nbsp;&nbsp;34 \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42 | GSI |
| Vericrest Opportunity Loan Trust | 01/30/23 | 1.000%(M) |  | &nbsp;&nbsp;&nbsp;167 \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165 | GSI |

---

------

#### PGIM Securitized Credit Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)

#### Credit default swap agreements outstanding at December 31, 2022: (continued)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference<br> Entity/<br> Obligation** | **Termination<br> Date** | **Fixed<br> Rate** | **Notional<br> Amount<br> (000)#(3)** | **Fair<br> Value** | **Upfront<br> Premiums<br> Paid<br> (Received)** | **Unrealized<br> Appreciation<br> (Depreciation)** | **Counterparty** |
| **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** | **OTC Credit Default Swap Agreements on asset-backed and/or mortgage-backed securities - Sell Protection(2)^<br> (cont'd.):** |
| Vericrest Opportunity Loan Trust | 01/30/23 | 0.500%(M) | &nbsp;&nbsp;&nbsp;160 \* | &nbsp;&nbsp;&nbsp;&nbsp; $78 | &nbsp;&nbsp;&nbsp; $(2) | &nbsp;&nbsp;&nbsp;&nbsp; $80 | GSI |
| Vericrest Opportunity Loan Trust | 01/30/23 | 0.500%(M) | &nbsp;&nbsp;&nbsp;122 \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60 | GSI |
| Vericrest Opportunity Loan Trust | 01/30/23 | 0.500%(M) | &nbsp;&nbsp;&nbsp;&nbsp;43 \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21 | GSI |
| Vericrest Opportunity Loan Trust | 01/30/23 | 0.500%(M) | &nbsp;&nbsp;&nbsp;&nbsp;41 \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20 | GSI |
| Vericrest Opportunity Loan Trust | 01/30/23 | 0.500%(M) | &nbsp;&nbsp;&nbsp;&nbsp;17 \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 | GSI |
| Verus Securitization Trust | 01/30/23 | 1.250%(M) | &nbsp;&nbsp;&nbsp;121 \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150 | GSI |
|  |  |  |  | $10300 | $(279) | $10579 |  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Reference<br> Entity/<br> Obligation** | **Termination<br> Date** | **Fixed<br> Rate** | **Notional<br> Amount<br> (000)#(3)** | **Value at<br> Trade Date** | **Value at<br> December 31,<br> 2022** | **Unrealized<br> Appreciation<br> (Depreciation)** |
| **Centrally Cleared Credit Default Swap Agreement on credit indices - Buy Protection(1):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Buy Protection(1):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Buy Protection(1):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Buy Protection(1):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Buy Protection(1):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Buy Protection(1):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Buy Protection(1):** |
| CDX.NA.IG.39.V1 | 12/20/27 | 1.000%(Q) | 9155 | $(12830) | $(76018) | $(63188) |

---

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

------

#### PGIM Securitized Credit Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)

---

| | |
|:---|:---|
|  | 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. |
| \* | When an implied credit spread is not available, reference the fair value of credit default swap agreements on credit indices and asset-backed securities. Where the Fund is the seller of protection, it serves as an indicator of the current status of the payment/performance risk and represents the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the reporting date. Increasing fair value in absolute terms, when compared to the notional amount of the swap, represents 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. |

---

#### Interest rate swap agreements outstanding at December 31, 2022 :

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Notional<br> Amount<br> (000)#** | &nbsp;&nbsp;&nbsp;**Termination<br> Date** | &nbsp;&nbsp;&nbsp;**Fixed<br> Rate** | &nbsp;&nbsp;&nbsp;**Floating<br> Rate** | &nbsp;&nbsp;&nbsp;**Value at<br> Trade Date** | &nbsp;&nbsp;&nbsp;**Value at<br> December 31,<br> 2022** | &nbsp;&nbsp;&nbsp;**Unrealized<br> Appreciation<br> (Depreciation)** |
| **Centrally Cleared Interest Rate Swap Agreement:** | **Centrally Cleared Interest Rate Swap Agreement:** | **Centrally Cleared Interest Rate Swap Agreement:** | **Centrally Cleared Interest Rate Swap Agreement:** | **Centrally Cleared Interest Rate Swap Agreement:** | **Centrally Cleared Interest Rate Swap Agreement:** | **Centrally Cleared Interest Rate Swap Agreement:** |
| 2100 | &nbsp;&nbsp;05/11/23 | &nbsp;&nbsp;2.250%(A) | &nbsp;&nbsp;1 Day USOIS(1)(A)/ 4.330% | &nbsp;&nbsp; $(134663) | &nbsp;&nbsp; $22743 | &nbsp;&nbsp; $157406 |

---

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

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Prudential Investment Portfolios 8

- **b. Investment Company Act file number:** 811-06677

- **c. CIK number of Registrant:** 0000887991

- **d. LEI of Registrant:** 549300VRUTQ35U0X1D46

- **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 Securitized Credit Fund

- **b. EDGAR series identifier (if any):** S000065752

- **c. LEI of Series:** 549300GWAUUOGWWFGS88

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

- **a. Date of fiscal year-end:** 2023-09-30

- **b. Date as of which information is reported:** 2022-12-30

**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:** $71504517.15

**Total Liabilities:** $814547.60

**Net Assets:** $70689969.55

**Cash Not Reported:** $673110.17

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -17.59048000 | **1-Year:** 3188.76450000 | **5-Year:** 7288.40373000 | **10-Year:** 1218.56617000 | **30-Year:** 0.00000000

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

- **3-Month:** 44.13448000 | **1-Year:** 2868.26212000 | **5-Year:** 6351.23459000 | **10-Year:** 944.53445000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000212601 | -0.33%               | 0.77%                | 0.93%                |
| Class ID C000212600 | -0.31%               | 0.79%                | 0.95%                |
| Class ID C000212603 | -0.31%               | 0.79%                | 0.95%                |
| Class ID C000212602 | -0.40%               | 0.71%                | 0.86%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-155273.59              | $-358663.90                                |
| Month 2  | $-13288.99               | $593474.37                                 |
| Month 3  | $-78583.18               | $468013.28                                 |

**Designated Index Information**

- **Index Name:** PGIM Securitized Credit Fund - ExDerivatives

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                              | Title                                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2020-DNA4                         | CUSIP: 35565XBD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     97363 | PA      | $103516.89    | 0.15%             | 2050-08-25      | Floating      | 10.39%                | No            |                  2 | On Loan: No      |
| Allen Media LLC                                   | Allen Media LLC                                                 | CUSIP: 01771JAG8<br>LEI: 549300ERNJNM4RN5JP79 | Long             | LON              | CORP              | US        |    296569 | PA      | $242074.60    | 0.34%             | 2027-02-10      | Floating      | 10.08%                | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.       | 10 YEAR US TREASURY NOTE                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -10 | NC      | $5767.90      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2022-DNA2                         | CUSIP: 35564KRF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $972517.80    | 1.38%             | 2042-02-25      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage                     | Citigroup COmmercial Mortgage Trust 2019-SMRT                   | CUSIP: 29429MAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    726000 | PA      | $691239.48    | 0.98%             | 2036-01-10      | Variable      | 4.74%                 | No            |                  2 | On Loan: No      |
| MidOcean Credit CLO                               | MidOcean Credit CLO III                                         | CUSIP: 59802UAN9<br>LEI: 549300XSCUX0ONI5KZ96 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $235315.90    | 0.33%             | 2031-04-21      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS FREMF_19-KF59                                               | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $26.14        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| JP Morgan Chase Commercial Mor                    | J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-AON | CUSIP: 46649XAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $500782.56    | 0.71%             | 2031-07-05      | Variable      | 4.61%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.       | CBOT US Long Bond                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-1110.76     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank, NA - CACL                    | JPMorgan Chase Bank NA - CACLN                                  | CUSIP: 46591HAS9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $789382.64    | 1.12%             | 2028-01-25      | Fixed         | 6.68%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS GPMF_07-AR2                                                 | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $25.88        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ICG US CLO Ltd                                    | ICG US CLO 2015-2R Ltd                                          | CUSIP: 44933WAC3<br>LEI: 25490037AMBNS8P47972 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1920751.40   | 2.72%             | 2033-01-16      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| Laurel Road Prime Student Loan                    | Laurel Road Prime Student Loan Trust 2019-A                     | CUSIP: 51889RAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    683753 | PA      | $146028.63    | 0.21%             | 2048-10-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Radnor Re LTD                                     | Radnor RE 2021-2 Ltd                                            | CUSIP: 75049GAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    300000 | PA      | $283383.78    | 0.40%             | 2031-11-25      | Floating      | 7.63%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS CSMC_13-5R                                                  | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $171.37       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS BRAVO_21-A                                                  | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $1118.12      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Lendmark Funding Trust                            | Lendmark Funding Trust 2021-1                                   | CUSIP: 52607MAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $374957.70    | 0.53%             | 2031-11-20      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Deco                                              | Deco 2019-RAM DAC                                               | CUSIP: 000000000<br>LEI: 549300BXZQDWLENUZL17 | Long             | ABS-MBS          | CORP              | IE        |    374650 | PA      | $417836.25    | 0.59%             | 2030-08-07      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| Mcafee Corp                                       | McAfee Corp                                                     | CUSIP: 57906HAD9<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |    249375 | PA      | $231607.03    | 0.33%             | 2029-03-01      | Floating      | 7.97%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2020-DNA3                         | CUSIP: 35565WBD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     59793 | PA      | $62293.92     | 0.09%             | 2050-06-25      | Floating      | 9.49%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT                                  | Bellemeade Re Ltd                                               | CUSIP: 07876MAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    150000 | PA      | $143293.65    | 0.20%             | 2031-03-25      | Floating      | 6.88%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS FREMF_18-KF56                                               | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $100.02       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS PRPM_22-1                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $183.99       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| BANK OF AMERICA CORP                              | Bank of America Corp                                            | CUSIP: 060505GB4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    700000 | PA      | $594876.32    | 0.84%             | N/A             | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS JPALT_06-A7                                                 | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $233.47       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CITIGROUP INC                                     | Citigroup Inc                                                   | CUSIP: 172967MV0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    700000 | PA      | $598350.80    | 0.85%             | N/A             | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                  | Connecticut Avenue Securities Trust 2022-R04                    | CUSIP: 20753YAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     60000 | PA      | $60000.25     | 0.08%             | 2042-03-25      | Floating      | 9.18%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS GSMS_21-ARDN                                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $26.51        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2020-DNA5                         | CUSIP: 35566ABD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    120000 | PA      | $122866.70    | 0.17%             | 2050-10-25      | Floating      | 8.73%                 | No            |                  2 | On Loan: No      |
| UBS Securities LLC                                | USD/EUR FORWARD                                                 | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-83156.31    | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| Connect US Finco LLC                              | Connect Finco SARL                                              | CUSIP: 000000000<br>LEI: 2594001KNYIQ456J2792 | Long             | LON              | CORP              | LU        |    264507 | PA      | $260787.07    | 0.37%             | 2026-12-11      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| Deco                                              | Deco 2019-RAM DAC                                               | CUSIP: 000000000<br>LEI: 549300BXZQDWLENUZL17 | Long             | ABS-MBS          | CORP              | IE        |    174171 | PA      | $179614.94    | 0.25%             | 2030-08-07      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| Oaktown Re Ltd                                    | Oaktown Re VII Ltd                                              | CUSIP: 67389JAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    200000 | PA      | $177752.16    | 0.25%             | 2034-04-25      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| Lightstone HoldCo LLC                             | Lightstone Holdco LLC                                           | CUSIP: 53226GAL5<br>LEI: 549300VXK6UGDG7H3G98 | Long             | LON              | CORP              | US        |      9977 | PA      | $9113.98      | 0.01%             | 2027-02-01      | Floating      | 10.07%                | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS OWNIT_06-7                                                  | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $3.73         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| FHLMC Multifamily Structured P                    | Freddie Mac Multifamily Structured Pass Through Certificates    | CUSIP: 3137BSP98<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3548164 | PA      | $96312.44     | 0.14%             | 2026-08-25      | Variable      | 0.92%                 | No            |                  2 | On Loan: No      |
| Eagle Re Ltd                                      | Eagle RE 2019-1 Ltd                                             | CUSIP: 269822AC6<br>LEI: 254900L82OLW9QTLJ788 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $955629.00    | 1.35%             | 2029-04-25      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS BNPAM_17-1X                                                 | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $500.23       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TFS_18-3                                          | TFS_18-3                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | N/A       |         1 | PA      | $342.54       | 0.00%             | 2040-04-16      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS CORDA_20X                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $97.89        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Dreyfus Government Cash Management                | Dreyfus Government Cash Management                              | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |   3931890 | NS      | $3931890.21   | 5.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae - CAS                                  | Connecticut Avenue Securities Trust 2018-R07                    | CUSIP: 20753QAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1600000 | PA      | $1625790.24   | 2.30%             | 2031-04-25      | Floating      | 8.74%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS PRET_21-NPL1                                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $101.85       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Wells Fargo Commercial Mortgag                    | Wells Fargo Commercial Mortgage Trust 2021-FCMT                 | CUSIP: 95003EAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $881090.30    | 1.25%             | 2031-05-15      | Floating      | 8.82%                 | No            |                  2 | On Loan: No      |
| Bank of America, National Association             | EUR/USD FORWARD                                                 | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-2163.57     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Eagle Re Ltd                                      | Eagle RE 2021-1 Ltd                                             | CUSIP: 26983BAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    295000 | PA      | $292180.45    | 0.41%             | 2033-10-25      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| Lightstone HoldCo LLC                             | Lightstone Holdco LLC                                           | CUSIP: 53226GAK7<br>LEI: 549300VXK6UGDG7H3G98 | Long             | LON              | CORP              | US        |    176400 | PA      | $161141.00    | 0.23%             | 2027-02-01      | Floating      | 10.07%                | No            |                  2 | On Loan: No      |
| Radnor Re LTD                                     | Radnor RE 2019-1 Ltd                                            | CUSIP: 75049SAD5<br>LEI: 254900JBDDKUTX6TX151 | Long             | ABS-MBS          | CORP              | BM        |   1000000 | PA      | $971275.50    | 1.37%             | 2029-02-25      | Floating      | 8.84%                 | No            |                  2 | On Loan: No      |
| MidOcean Credit CLO                               | MidOcean Credit CLO X                                           | CUSIP: 59803AAY8<br>LEI: 549300N3ZTBJCCPR2038 | Long             | ABS-CBDO         | CORP              | KY        |    480000 | PA      | $451923.12    | 0.64%             | 2034-10-23      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS LMAT_20-GS3                                                 | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $193.06       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| DBGS Mortgage Trust                               | DBGS 2018-BIOD Mortgage Trust                                   | CUSIP: 23306GAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    525414 | PA      | $495066.61    | 0.70%             | 2035-05-15      | Floating      | 6.24%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac Stacr Remic Trust 2020-DNA1                         | CUSIP: 35565HBD6<br>LEI: 5493003FQV7GR462GO02 | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $848649.78    | 1.20%             | 2050-01-25      | Floating      | 6.69%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2021-HQA3                         | CUSIP: 35564KKK4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     90000 | PA      | $76870.59     | 0.11%             | 2041-09-25      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| BVRT_21-4F                                        | BVRT_21-4F                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    110180 | PA      | $109629.22    | 0.16%             | 2026-09-12      | Floating      | 2.05%                 | No            |                  3 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS DBALT_07-AR1                                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $94.42        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Marble Point CLO XXI Ltd.                         | Marble Point CLO XXI Ltd                                        | CUSIP: 56606KAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $483749.10    | 0.68%             | 2034-10-17      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2021-DNA6                         | CUSIP: 35564KLU1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $838890.54    | 1.19%             | 2041-10-25      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| St Pauls CLO                                      | St Pauls CLO                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    750000 | PA      | $653781.97    | 0.92%             | 2032-01-17      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P                    | Freddie Mac Multifamily Structured Pass Through Certificates    | CUSIP: 3137BMTY2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2162703 | PA      | $31560.33     | 0.04%             | 2025-11-25      | Variable      | 0.64%                 | No            |                  2 | On Loan: No      |
| TCW Gem Ltd                                       | TCW CLO 2019-2 Ltd                                              | CUSIP: 87242BBA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $961584.50    | 1.36%             | 2032-10-20      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                      | GS Mortgage Securities Corportation Trust 2021-IP               | CUSIP: 36262MAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1950000 | PA      | $1835666.24   | 2.60%             | 2036-10-15      | Floating      | 7.87%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                          | Madison Park Funding XXXIII Ltd                                 | CUSIP: 55819JAN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1471071.60   | 2.08%             | 2032-10-15      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS CGMSE_19-1X                                                 | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $363.09       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS EMCM_05-A                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $90.45        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Jubilee CDO BV                                    | Jubilee CLO 2016-XVII DAC                                       | CUSIP: 000000000<br>LEI: 635400JSFGFQPD2VOA16 | Long             | ABS-CBDO         | CORP              | IE        |    500000 | PA      | $503067.18    | 0.71%             | 2031-04-15      | Floating      | 2.66%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                              | FREMF 2019-K735 Mortgage Trust                                  | CUSIP: 30298FAG9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  93433888 | PA      | $233061.49    | 0.33%             | 2026-05-25      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                     | Citigroup Inc                                                   | CUSIP: 172967MK4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    605000 | PA      | $503777.90    | 0.71%             | N/A             | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Elevation CLO Ltd                                 | Elevation CLO 2014-2 Ltd                                        | CUSIP: 28622QAB7<br>LEI: 635400HAVYYWWB139K27 | Long             | ABS-CBDO         | CORP              | KY        |    420151 | PA      | $417229.35    | 0.59%             | 2029-10-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2022-DNA6                         | CUSIP: 35564KH44<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $509946.75    | 0.72%             | 2042-09-25      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS GSMBS_21-PJ3                                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $13.88        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Trimaran Advisors CAVU 2019-1                     | Trimaran Cavu 2019-1 Ltd                                        | CUSIP: 89624CAE2<br>LEI: 549300IGMQ24BLOIU872 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $487038.40    | 0.69%             | 2032-07-20      | Floating      | 6.44%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS HARVT_25X                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $107.31       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| JPMORGAN CHASE & CO                               | JPMorgan Chase & Co                                             | CUSIP: 48128BAF8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    500000 | PA      | $459517.49    | 0.65%             | N/A             | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                              | Bank of America Corp                                            | CUSIP: 060505FP4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    550000 | PA      | $512635.76    | 0.73%             | N/A             | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables                     | Exeter Automobile Receivables Trust 2022-1                      | CUSIP: 30167JAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1200000 | PA      | $1000935.60   | 1.42%             | 2029-10-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                               | JPMorgan Chase & Co                                             | CUSIP: 48128BAG6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     80000 | PA      | $71034.16     | 0.10%             | N/A             | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                         | IRS USD                                                         | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $22743.42     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Cold Storage Trust                                | Cold Storage Trust 2020-ICE5                                    | CUSIP: 193051AQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1292633 | PA      | $1239085.24   | 1.75%             | 2037-11-15      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS FREMF_19-KF71                                               | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $61.28        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| BELLEMEADE RE LT                                  | Bellemeade Re 2018-3 Ltd                                        | CUSIP: 07877TAB7<br>LEI: 2549009SOTYJD2MZFC61 | Long             | ABS-MBS          | CORP              | BM        |     18359 | PA      | $18344.16     | 0.03%             | 2028-10-25      | Floating      | 6.24%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS BLUME_16-1X                                                 | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $312.20       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2021-DNA1                         | CUSIP: 35564KBD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $314706.60    | 0.45%             | 2051-01-25      | Floating      | 6.58%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS RAMP_05-EFC1                                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $40.92        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TEXAS CAPITAL BANK NA                             | Texas Capital Bank NA                                           | CUSIP: 88225GAA6<br>LEI: 38PG5GG0OEQK4QMSKE59 | Long             | DBT              | CORP              | US        |    600000 | PA      | $581544.23    | 0.82%             | 2024-09-30      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS PRET_21-RN1                                                 | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $562.43       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Finastra USA Inc                                  | Finastra USA Inc                                                | CUSIP: 02034DAC1<br>LEI: 549300ZB2RO6QC7YTK71 | Long             | LON              | CORP              | US        |    233060 | PA      | $205724.00    | 0.29%             | 2024-06-13      | Floating      | 6.87%                 | No            |                  2 | On Loan: No      |
| BX Trust                                          | BX Commercial Mortgage Trust 2021-CIP                           | CUSIP: 12434FAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    346750 | PA      | $318929.17    | 0.45%             | 2038-12-15      | Floating      | 7.14%                 | No            |                  2 | On Loan: No      |
| DBWF Mortgage Trust                               | DBWF 2016-85T Mortgage Trust                                    | CUSIP: 23307CAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $374474.15    | 0.53%             | 2036-12-10      | Variable      | 3.81%                 | No            |                  2 | On Loan: No      |
| BX Trust                                          | BX Commercial Mortgage Trust 2022-AHP                           | CUSIP: 05610FAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1450000 | PA      | $1352044.53   | 1.91%             | 2039-01-17      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| Diamond Sports Group LLC                          | Diamond Sports Group LLC                                        | CUSIP: 25277BAE8<br>LEI: 5493002K6DHWNZH8YA34 | Long             | LON              | CORP              | US        |     49845 | PA      | $46356.24     | 0.07%             | 2026-05-25      | Floating      | 12.32%                | No            |                  3 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac Structured Agency Credit Risk Debt Notes            | CUSIP: 35564KDX4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $461790.00    | 0.65%             | 2033-08-25      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                      | Credit Suisse Mortgage Capital Certificates 2019-ICE4           | CUSIP: 12653VAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    150000 | PA      | $145078.88    | 0.21%             | 2036-05-15      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                      | GS Mortgage Securities Corportation Trust 2021-IP               | CUSIP: 36262MAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    140000 | PA      | $131787.66    | 0.19%             | 2036-10-15      | Floating      | 8.87%                 | No            |                  2 | On Loan: No      |
| Avoca CLO                                         | Avoca Capital CLO X Ltd                                         | CUSIP: 000000000<br>LEI: 635400SFFWCTHJHBZK84 | Long             | ABS-CBDO         | CORP              | IE        |    750000 | PA      | $742727.69    | 1.05%             | 2035-04-15      | Floating      | 2.73%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2021-DNA7                         | CUSIP: 35564KMH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $939181.70    | 1.33%             | 2041-11-25      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS PENTA_20-7X                                                 | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $327.83       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS HOMRE_21-1                                                  | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $154.03       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS RALI_07-QH9                                                 | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $13.23        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS GS_21-PJ-A                                                  | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $119.96       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| 20 TSQ GroundCo LLC                               | 20 Times Square Trust 2018-20TS                                 | CUSIP: 90137LAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    520000 | PA      | $429441.64    | 0.61%             | 2035-05-15      | Variable      | 3.10%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                    | Wells Fargo Commercial Mortgage Trust 2021-FCMT                 | CUSIP: 95003EAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    340000 | PA      | $302285.84    | 0.43%             | 2031-05-15      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| Intelsat Jackson Holdings SA                      | Intelsat Jackson Holdings SA                                    | CUSIP: 000000000<br>LEI: 8XJ8KF85PBKK1TLMFN29 | Long             | LON              | CORP              | LU        |    264558 | PA      | $255034.17    | 0.36%             | 2029-02-01      | Floating      | 7.44%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS FREMF_19-KF72                                               | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $115.14       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| AmeriCredit Automobile Receiva                    | AmeriCredit Automobile Receivables Trust 2021-1                 | CUSIP: 03063FAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $761347.76    | 1.08%             | 2026-10-19      | Fixed         | 0.68%                 | No            |                  2 | On Loan: No      |
| DIAMOND SPORTS GR/DIAMON                          | Diamond Sports Group LLC / Diamond Sports Finance Co            | CUSIP: 25277LAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $838.87       | 0.00%             | 2027-08-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| OneMain Financial Issuance Tru                    | OneMain Financial Issuance Trust 2022-2                         | CUSIP: 68268VAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    880000 | PA      | $841736.72    | 1.19%             | 2034-10-14      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                 | Eurex 2 Year Euro SCHATZ                                        | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |        -3 | NC      | $4156.26      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY TRANSFER LP                                | Energy Transfer LP                                              | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    140000 | PA      | $116954.16    | 0.17%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS DBALT_07-AR2                                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $28.55        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Barclays Commercial Mortgage S                    | BBCMS 2016-ETC Mortgage Trust                                   | CUSIP: 05491LAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $186892.85    | 0.26%             | 2036-08-14      | Variable      | 3.61%                 | No            |                  2 | On Loan: No      |
| Adtalem Global Education Inc                      | Adtalem Global Education Inc                                    | CUSIP: 00737RAE0<br>LEI: 549300Z467EZLMODV621 | Long             | LON              | CORP              | US        |    130957 | PA      | $129740.61    | 0.18%             | 2028-08-12      | Floating      | 8.39%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2021-HQA4                         | CUSIP: 35564KNK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2313187 | PA      | $2194796.02   | 3.10%             | 2041-12-25      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                  | Connecticut Avenue Securities Trust 2021-R01                    | CUSIP: 20754RAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    130000 | PA      | $122181.98    | 0.17%             | 2041-10-25      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| Diamond Sports Group LLC                          | Diamond Sports Group LLC                                        | CUSIP: 25277BAG3<br>LEI: 5493002K6DHWNZH8YA34 | Long             | LON              | CORP              | US        |    460579 | PA      | $55653.13     | 0.08%             | 2026-08-24      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC                               | Oportun Issuance Trust 2022-2                                   | CUSIP: 68377HAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    504832 | PA      | $500672.22    | 0.71%             | 2029-10-09      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS NWDSE_21-24X                                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $131.03       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TICP CLO Ltd                                      | TICP CLO IX Ltd                                                 | CUSIP: 87249AAA3<br>LEI: 549300T5OQR4UD880D68 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $989101.70    | 1.40%             | 2031-01-20      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus                    | CSAIL 2015-C4 Commercial Mortgage Trust                         | CUSIP: 12635RBA5<br>LEI: 54930025J96YEH8FQE77 | Long             | ABS-MBS          | CORP              | US        |  25076000 | PA      | $144362.53    | 0.20%             | 2048-11-15      | Variable      | 0.25%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT                                  | Bellemeade Re 2022-1 Ltd                                        | CUSIP: 078774AC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    510000 | PA      | $425899.67    | 0.60%             | 2032-01-26      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED SECURITIES (NORTH AMERICA) LLC | EUR/USD FORWARD                                                 | CUSIP: 000000000<br>LEI: 5493003GCX71N8988W38 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-24094.03    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT                                  | Bellemeade Re 2020-2 Ltd                                        | CUSIP: 078782AC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |      3564 | PA      | $3565.82      | 0.01%             | 2030-08-26      | Floating      | 8.39%                 | No            |                  2 | On Loan: No      |
| Fly Funding II SARL                               | Fly Funding II Sarl                                             | CUSIP: 000000000<br>LEI: 54930033GL3A930IIN33 | Long             | LON              | CORP              | LU        |    380244 | PA      | $308472.68    | 0.44%             | 2025-08-11      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| Pnmac Gmsr Issuer Trust                           | PNMAC GMSR ISSUER TRUST 2018-GT1                                | CUSIP: 69354WAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $97733.95     | 0.14%             | 2023-02-25      | Floating      | 7.24%                 | No            |                  2 | On Loan: No      |
| Home Re Ltd                                       | Home RE 2020-1 Ltd                                              | CUSIP: 43731WAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |     74654 | PA      | $74678.61     | 0.11%             | 2030-10-25      | Floating      | 8.54%                 | No            |                  2 | On Loan: No      |
| OneMain Direct Auto Receivable                    | OneMain Direct Auto Receivables Trust 2021-1                    | CUSIP: 682687AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $679459.92    | 0.96%             | 2028-07-14      | Fixed         | 1.42%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS PRET_21-NPL3                                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $80.37        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | SWOP CDS GS_21-PJ-A                                             | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |   -630000 | OU      | $-10.29       | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS VOLT_21-NPL3                                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $77.45        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2022-HQA3                         | CUSIP: 35564KE47<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $594756.00    | 0.84%             | 2042-08-25      | Floating      | 7.48%                 | No            |                  2 | On Loan: No      |
| Home Re Ltd                                       | Home RE 2021-1 Ltd                                              | CUSIP: 437307AC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    150000 | PA      | $145245.95    | 0.21%             | 2033-07-25      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS PHNXP_1X                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $339.45       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Fannie Mae - CAS                                  | Connecticut Avenue Securities Trust 2021-R03                    | CUSIP: 20754AAF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     90000 | PA      | $83025.00     | 0.12%             | 2041-12-25      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2021-DNA6                         | CUSIP: 35564KKY4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    120000 | PA      | $113996.30    | 0.16%             | 2041-10-25      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Retiro Mortgage Securities                        | Retiro Mortgage Securities DAC                                  | CUSIP: 000000000<br>LEI: 635400CU9HBU644YSL41 | Long             | ABS-MBS          | CORP              | IE        |    163501 | PA      | $173330.85    | 0.25%             | 2075-07-30      | Floating      | 3.58%                 | No            |                  2 | On Loan: No      |
| Santander Consumer Auto Receiv                    | Santander Consumer Auto Receivables Trust 2021-A                | CUSIP: 80282YAH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $675339.68    | 0.96%             | 2027-03-15      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                    | Wells Fargo Commercial Mortgage Trust 2015-P2                   | CUSIP: 95000AAY3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6400000 | PA      | $77045.12     | 0.11%             | 2048-12-15      | Variable      | 0.41%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS PRPM_20-6                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $38.10        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| BELLEMEADE RE LT                                  | Bellemeade Re 2019-4 Ltd                                        | CUSIP: 07876LAD1<br>LEI: 254900KXN235YISGF415 | Long             | ABS-MBS          | CORP              | BM        |   1490000 | PA      | $1423711.54   | 2.01%             | 2029-10-25      | Floating      | 7.24%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                         | Anchorage Capital Clo 17 Ltd                                    | CUSIP: 03332PAA5<br>LEI: 549300UNU854VTZYQ112 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $486051.40    | 0.69%             | 2034-07-15      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS INDA_07-FLX6                                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $410.01       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Santander Bank Auto Credit-Lin                    | Santander Bank Auto Credit-Linked Notes Series 2022-C           | CUSIP: 80290CBJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $300040.74    | 0.42%             | 2032-12-15      | Fixed         | 11.37%                | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S                    | BBCMS 2018-CHRS Mortgage Trust                                  | CUSIP: 05491VAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    490000 | PA      | $312667.92    | 0.44%             | 2038-08-05      | Variable      | 4.27%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS PRET_21-NPL6                                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $125.76       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Last Mile Logistics Pan Euro F                    | Last Mile Logistics Pan Euro Finance DAC                        | CUSIP: 000000000<br>LEI: 635400NOPX1IKIAX7N90 | Long             | ABS-MBS          | CORP              | IE        |     99554 | PA      | $94303.03     | 0.13%             | 2033-08-17      | Floating      | 3.69%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu                    | JPMBB Commercial Mortgage Securities Trust 2015-C33             | CUSIP: 46645JAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1620000 | PA      | $15574.03     | 0.02%             | 2048-12-15      | Variable      | 0.35%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS VOLT_21-NPL9                                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $8.08         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Taurus CMBS                                       | Taurus 2021-1 UK DAC                                            | CUSIP: 000000000<br>LEI: 635400SG2ZVJCYHITE32 | Long             | ABS-MBS          | CORP              | IE        |    248177 | PA      | $275352.44    | 0.39%             | 2031-05-17      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| Pnmac Gmsr Issuer Trust                           | PNMAC FMSR ISSUER TRUST 2018-FT1                                | CUSIP: 69346MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    710000 | PA      | $666811.98    | 0.94%             | 2023-04-25      | Floating      | 6.74%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                    | Morgan Stanley Capital I Trust 2019-MEAD                        | CUSIP: 61771LAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    525000 | PA      | $436344.14    | 0.62%             | 2036-11-10      | Variable      | 3.18%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.       | 2 YEAR US TREASURY NOTE                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -24 | NC      | $7030.73      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Clydesdale Acquisition Holdings, Inc.             | Clydesdale Acquisition Holdings Inc                             | CUSIP: 18972FAC6<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |    398000 | PA      | $378444.27    | 0.54%             | 2029-04-13      | Floating      | 8.60%                 | No            |                  2 | On Loan: No      |
| 20 TSQ GroundCo LLC                               | 20 Times Square Trust 2018-20TS                                 | CUSIP: 90137LAQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $74117.25     | 0.10%             | 2035-05-15      | Variable      | 3.10%                 | Yes           |                  2 | On Loan: No      |
| BOMBARDIER INC                                    | Bombardier Inc                                                  | CUSIP: 097751BM2<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     21000 | PA      | $20784.08     | 0.03%             | 2025-03-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS FREMF_19-KF68                                               | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $72.55        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS PRPM_21-4                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $82.15        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Crosthwaite Park CLO                              | Crosthwaite Park CLO DAC                                        | CUSIP: 000000000<br>LEI: 54930071G03PWEE1JC86 | Long             | ABS-CBDO         | CORP              | IE        |   1500000 | PA      | $1486647.92   | 2.10%             | 2034-03-15      | Floating      | 3.65%                 | No            |                  2 | On Loan: No      |
| Atlas Static Senior Loan Fund                     | Atlas Static Senior Loan Fund I Ltd                             | CUSIP: 04942PAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $494921.45    | 0.70%             | 2030-07-15      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| Heritage Power LLC                                | Heritage Power LLC                                              | CUSIP: 42727CAC1<br>LEI: 9845009CA1DFDE381P22 | Long             | LON              | CORP              | US        |    121832 | PA      | $40204.65     | 0.06%             | 2026-07-30      | Floating      | 10.41%                | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac Structured Agency Credit Risk Debt Notes            | CUSIP: 35565TBD0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |    110000 | PA      | $105050.19    | 0.15%             | 2050-11-25      | Floating      | 7.93%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS GSMBS_20-PJ3                                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $16.87        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Fogo de Chao Inc                                  | Fogo De Chao Inc                                                | CUSIP: 74166RAD7<br>LEI: 549300MOPGNZTXUHVM05 | Long             | LON              | CORP              | US        |    349410 | PA      | $328154.21    | 0.46%             | 2025-04-07      | Floating      | 8.63%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS VOLT_21-NP11                                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $58.87        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| AMC ENTERTAINMENT HLDGS                           | AMC Entertainment Holdings Inc                                  | CUSIP: 00165CAP9<br>LEI: 549300ZO77UNR6NRBR11 | Long             | DBT              | CORP              | US        |     60923 | PA      | $25282.13     | 0.04%             | 2026-06-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                  | Connecticut Avenue Securities Trust 2022-R03                    | CUSIP: 20753XAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     75000 | PA      | $77979.19     | 0.11%             | 2042-03-25      | Floating      | 10.18%                | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS SARM_06-12                                                  | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $63.16        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS PRPM_21-6                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $433.60       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| JP Morgan Chase Commercial Mor                    | JP Morgan Chase Commercial Mortgage Securities Trust 2021-NYAH  | CUSIP: 46654EAQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1300000 | PA      | $1201971.94   | 1.70%             | 2038-06-15      | Floating      | 7.71%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                         | Morgan Stanley Bank of America Merrill Lynch Trust 2015-C21     | CUSIP: 61764XAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10000000 | PA      | $62803.00     | 0.09%             | 2048-03-15      | Variable      | 0.27%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC                               | Oportun Funding XIV LLC                                         | CUSIP: 68377BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $651824.74    | 0.92%             | 2028-03-08      | Fixed         | 1.21%                 | No            |                  2 | On Loan: No      |
| Race Point CLO Ltd                                | Race Point VIII CLO Ltd                                         | CUSIP: 74982LAY6<br>LEI: 5493008ABAJEYBWITR69 | Long             | ABS-CBDO         | CORP              | KY        |   1872653 | PA      | $1844723.44   | 2.61%             | 2030-02-20      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| MidOcean Credit CLO                               | Midocean Credit Clo VII                                         | CUSIP: 59801WAM8<br>LEI: 5493004MLF21SFT7F415 | Long             | ABS-CBDO         | CORP              | KY        |    539420 | PA      | $532092.57    | 0.75%             | 2029-07-15      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2                    | BX Commercial Mortgage Trust 2019-XL                            | CUSIP: 056054AL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    765000 | PA      | $728795.76    | 1.03%             | 2036-10-15      | Floating      | 7.10%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                           | Goldman Sachs Group Inc/The                                     | CUSIP: 38144GAG6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    760000 | PA      | $615388.99    | 0.87%             | N/A             | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                          | USD/GBP FORWARD                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-12574.61    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                   | CDS CDX.NA.IG.39.V1                                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-76017.67    | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS BNPAM_18-1X                                                 | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $439.75       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Loandepot GMSR Master Trust                       | LOANDEPOT GMSR Master Trust Seres 2018-GT1                      | CUSIP: 53946TAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $372348.32    | 0.53%             | 2023-10-16      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                    | Bombardier Inc                                                  | CUSIP: 097751BT7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $48594.00     | 0.07%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Legacy Mortgage Asset Trust                       | Legacy Mortgage Asset Trust 2021-SL2                            | CUSIP: 52476TAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    659122 | PA      | $591651.25    | 0.84%             | 2068-10-25      | Variable      | 1.88%                 | No            |                  2 | On Loan: No      |
| Battalion CLO LTD                                 | Battalion CLO XII Ltd                                           | CUSIP: 07133RAS4<br>LEI: 549300JIE0P78OIZGS60 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $474330.60    | 0.67%             | 2031-05-17      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin                    | Santander Bank Auto Credit-Linked Notes Series 2022-A           | CUSIP: 80290CAT1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    567090 | PA      | $553924.02    | 0.78%             | 2032-05-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS SPAUL_11X                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $567.56       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS LMAT_21-GS4                                                 | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $31.15        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Battalion CLO LTD                                 | Battalion CLO VIII Ltd                                          | CUSIP: 07132ACC5<br>LEI: 549300WH2OE0BGHQQP83 | Long             | ABS-CBDO         | CORP              | KY        |    493142 | PA      | $484706.14    | 0.69%             | 2030-07-18      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS DBALT_06-AR3                                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $140.40       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Oaktown Re Ltd                                    | Oaktown Re V Ltd                                                | CUSIP: 67401JAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     12769 | PA      | $12774.74     | 0.02%             | 2030-10-25      | Floating      | 7.99%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2                    | BX Commercial Mortgage Trust 2019-XL                            | CUSIP: 056054AK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    212500 | PA      | $203404.64    | 0.29%             | 2036-10-15      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS SASC_06-GEL3                                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $15.08        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2021-DNA5                         | CUSIP: 35564KJA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    890000 | PA      | $812809.32    | 1.15%             | 2034-01-25      | Floating      | 6.98%                 | Yes           |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin                    | Santander Bank NA - SBCLN                                       | CUSIP: 80290CAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $551818.62    | 0.78%             | 2031-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                    | Carlyle Global Market Strategies Euro CLO 2014-2 Ltd            | CUSIP: 000000000<br>LEI: 6354006SCMVW8LXU4P40 | Long             | ABS-CBDO         | CORP              | IE        |   1100000 | PA      | $1137804.12   | 1.61%             | 2031-11-15      | Floating      | 2.55%                 | No            |                  2 | On Loan: No      |
| 20 TSQ GroundCo LLC                               | 20 Times Square Trust 2018-20TS                                 | CUSIP: 90137LAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $159205.72    | 0.23%             | 2035-05-15      | Variable      | 3.10%                 | Yes           |                  2 | On Loan: No      |
| MHC Commercial Mortgage Trust                     | MHC Commercial Mortgage Trust 2021-MHC                          | CUSIP: 55316VAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $281198.70    | 0.40%             | 2038-04-15      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| West Corporation                                  | Intrado Corp                                                    | CUSIP: 68162RAC5<br>LEI: 5493005Z5DB0O5S30R71 | Long             | LON              | CORP              | US        |    303648 | PA      | $277458.73    | 0.39%             | 2024-10-10      | Floating      | 8.41%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS VOLT_21-NPL2                                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $20.78        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Ellington CLO LTD                                 | Ellington Clo II Ltd                                            | CUSIP: 28852EAA7<br>LEI: 254900YE647HYXEP3N43 | Long             | ABS-CBDO         | CORP              | KY        |    238358 | PA      | $236102.87    | 0.33%             | 2029-02-15      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS CORDA_12X                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $468.24       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS FREMF_16-K57                                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $20.94        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS CORDA_9X                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $236.24       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Pnmac Gmsr Issuer Trust                           | PNMAC GMSR ISSUER TRUST 2018-GT2                                | CUSIP: 69354WAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $98151.67     | 0.14%             | 2025-08-25      | Floating      | 7.04%                 | No            |                  2 | On Loan: No      |
| MKT 2020-525M Mortgage Trust                      | MKT 2020-525M Mortgage Trust                                    | CUSIP: 55316PAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $134318.58    | 0.19%             | 2040-02-12      | Variable      | 2.94%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS VOLT_21-NPL6                                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $161.08       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.       | US 5 YEAR TREASURY NOTE                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -36 | NC      | $1495.39      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| One New York Plaza Trust 2020-                    | One New York Plaza Trust 2020-1NYP                              | CUSIP: 68249DAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $262566.81    | 0.37%             | 2036-01-15      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS CRNCL_19-11X                                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $632.90       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Taurus CMBS                                       | Taurus 2021-4 UK DAC                                            | CUSIP: 000000000<br>LEI: 6354001CXJE7XMMVG324 | Long             | ABS-MBS          | CORP              | IE        |    237813 | PA      | $254279.15    | 0.36%             | 2031-08-17      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| SREIT Trust                                       | SREIT Trust 2021-MFP                                            | CUSIP: 78472UAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    260000 | PA      | $242397.06    | 0.34%             | 2038-11-15      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS BVINV_21-3                                                  | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $17.44        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS VERUS_21-7                                                  | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $146.03       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TH MSR ISSUER TRUST                               | TH MSR issuer Trust                                             | CUSIP: 87271AAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    620000 | PA      | $580095.44    | 0.82%             | 2024-06-25      | Floating      | 7.19%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS LMAT_21-GS2                                                 | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $154.14       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Independence Plaza Trust                          | Independence Plaza Trust 2018-INDP                              | CUSIP: 45378YAS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $89915.23     | 0.13%             | 2035-07-10      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS VOLT_21-NP10                                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $19.95        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2020-HQA4                         | CUSIP: 35565RBD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    120000 | PA      | $122549.70    | 0.17%             | 2050-09-25      | Floating      | 9.64%                 | No            |                  2 | On Loan: No      |
| European Residential Loan Secu                    | LSF11 Boson Investments Sarl Compartment 2                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | LU        |    331014 | PA      | $337378.77    | 0.48%             | 2060-11-25      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS OCPE_22-5X                                                  | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $105.04       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TFS_18-3-A1                                       | TFS_18-3-A1                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | LU        |    266123 | PA      | $270058.17    | 0.38%             | 2023-03-16      | Floating      | 0.01%                 | No            |                  3 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                 | Eurex 5 Year Euro BOBL                                          | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |        -4 | NC      | $15640.38     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae - CAS                                  | Connecticut Avenue Securities Trust 2022-R02                    | CUSIP: 20754BAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    520000 | PA      | $491906.90    | 0.70%             | 2042-01-25      | Floating      | 8.43%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

**Name of Applicant:** Prudential Investment Portfolios 8

**Signature:** Christian J. Kelly

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

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